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Acquisition of Real Estate (Tables)

9 Months Ended

Sep. 30, 2017

Real Estate [Abstract]

Schedule of Business Acquisitions, by Acquisition

During the nine months ended September 30, 2017, the Company acquired the following for an aggregate purchase price, including transaction costs, of (dollars in thousands):

						Aggregate Purchase Price
Description	Location	Month Acquired	GLA			Cash				Debt Assumed				Total
Outparcel building adjacent to Annex of Arlington	Arlington Heights, IL	Feb-17	5,760			$	1,006			$	—			$	1,006
Outparcel adjacent to Northeast Plaza	Atlanta, GA	Feb-17	N/A			1,537				—				1,537
Arborland Center	Ann Arbor, MI	Mar-17	403,536			102,268				—				102,268
Building adjacent to Preston Park	Plano, TX	Apr-17	31,080			4,015				—				4,015
Outparcel building adjacent to Cobblestone Village	St. Augustine, FL	May-17	4,403			1,306				—				1,306
Outparcel adjacent to Wynnewood Village	Dallas, TX	May-17	N/A			1,658				—				1,658
			444,779			$	111,790			$	—			$	111,790

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The aggregate purchase price of the properties acquired during the nine months ended September 30, 2017, has been allocated as follows: 

			Nine Months Ended September 30, 2017
Assets
		Land	$	19,240
		Buildings	75,286
		Building and tenant improvements	9,177
		Above market rents	2,381
		In-place leases	8,608
Total assets			114,692
Liabilities
	Accounts payable, accrued expenses and other liabilities (below market leases)		2,902
Total liabilities			2,902
Net Assets Acquired			$	111,790

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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=79982066&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=79982066&loc=d3e1392-128463

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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=84161108&loc=d3e4845-128472

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