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Acquisition of Real Estate (Tables)

9 Months Ended

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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- References

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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



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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

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