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Acquisition of Real Estate (Tables) | 9 Months Ended
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Sep. 30, 2015
Real Estate [Abstract] |
Schedule of Business Acquisitions, by Acquisition | During the nine months ended September 30, 2015, the Company acquired the following properties, in separate transactions (dollars in thousands):
|  |  |  | Purchase Price
Property Name | Location | Month Acquired |  | Cash |  | Debt Assumed |  | Total |  | GLA
Retail Building at Bardin Place Center | Arlington, TX | Jun-15 |  | $ | 9,258 |  |  | $ | — |  |  | $ | 9,258 |  |  | 96,127 |
Larchmont Centre | Mt. Laurel, NJ | Jun-15 |  | 11,000 |  |  | 7,000 |  |  | 18,000 |  |  | 103,787 |
Webster Square Shopping Center | Marshfield, MA | Jun-15 |  | 31,950 |  |  | — |  |  | 31,950 |  |  | 182,756 |
|  |  |  | $ | 52,208 |  |  | $ | 7,000 |  |  | $ | 59,208 |  |  | 382,670 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The aggregate purchase price of the properties acquired during the nine months ended September 30, 2015, has been allocated as follows:
Assets |
|  | Land | $ | 13,004 |
|  | Buildings | 35,606 |
|  | Building Improvements | 4,671 |
|  | Tenant Improvements | 2,335 |
|  | Above Market Rents | 95 |
|  | In-Place Leases | 4,101 |
| Real estate, net | 59,812 |
| Deferred charges and prepaid expenses, net | 1,792 |
Total assets | $ | 61,604 |
Liabilities |
|  | Mortgage payable | $ | 7,000 |
|  | Mortgage Fair Value Adjustment | 440 |
| Debt obligations, net | 7,440 |
| Accounts payable, accrued expenses and other liabilities (Below Market Leases) | 1,956 |
Total liabilities | 9,396 |
Net Assets Acquired | $ | 52,208 |

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1486-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4845-128472 + Details
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