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Acquisition of Real Estate | 6 Months Ended
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Jun. 30, 2019
Real Estate [Abstract] |
Acquisition of Real Estate | Acquisition of Real Estate During the six months ended June 30, 2019, the Company acquired the following assets, in separate transactions:
Description(1) |  | Location |  | Month Acquired |  | GLA |  | Aggregate Purchase Price(2)
Land adjacent to Parmer Crossing |  | Austin, TX |  | Apr-19 |  | N/A |  |  | $ | 2,197 |
Centennial Shopping Center |  | Englewood, CO |  | Apr-19 |  | 113,682 |  |  | 18,011 |
Plymouth Square Shopping Center(3) |  | Conshohocken, PA |  | May-19 |  | 235,728 |  |  | 56,909 |
Leases at Baytown Shopping Center |  | Baytown, TX |  | Jun-19 |  | N/A |  |  | 2,517 |
|  |  |  |  |  | 349,410 |  |  | $ | 79,634 |
(1) | No debt was assumed related to any of the listed acquisitions.
(2) | Aggregate purchase price includes $1.2 million of transaction costs.
(3) | GLA excludes square footage related to the anticipated relocation of the Company's regional office. Total acquired GLA is 288,718 square feet.
During the six months June 30, 2018, the Company acquired the following assets, in separate transactions:
Description(1) |  | Location |  | Month Acquired |  | GLA |  | Aggregate Purchase Price(2)
Land adjacent to Arborland Center |  | Ann Arbor, MI |  | Jun-18 |  | N/A |  |  | $ | 5,554 |
Outparcel adjacent to Lehigh Shopping Center |  | Bethlehem, PA |  | Jun-18 |  | 12,739 |  |  | 1,899 |
|  |  |  |  |  | 12,739 |  |  | $ | 7,453 |
(1) | No debt was assumed related to any of the listed acquisitions.
(2) | Aggregate purchase price includes $0.1 million of transaction costs.
The aggregate purchase price of the assets acquired during the six months ended June 30, 2019 and 2018, respectively, has been allocated as follows:
|  |  | Six Months Ended June 30,
Assets | 2019 |  | 2018
| Land | $ | 25,953 |  |  | $ | 5,554 |
| Buildings | 45,781 |  |  | 1,431 |
| Building and tenant improvements | 5,832 |  |  | 238 |
| Above-market leases(1) | 155 |  |  | — |
| In-place leases(2) | 6,923 |  |  | 304 |
Total assets | 84,644 |  |  | 7,527 |
Liabilities |  |  |
| Below-market leases(3) | 5,010 |  |  | 74 |
| Other liabilities | — |  |  | — |
Total liabilities | 5,010 |  |  | 74 |
Net assets acquired | $ | 79,634 |  |  | $ | 7,453 |
(1) | The weighted average amortization period at the time of acquisition for above-market leases related to assets acquired during the six months ended June 30, 2019 was 10.4 years.
(2) | The weighted average amortization period at the time of acquisition for in-place leases related to assets acquired during the six months ended June 30, 2019 and 2018 was 8.8 years and 4.8 years, respectively.
(3) The weighted average amortization period at the time of acquisition for below-market leases related to assets acquired during the six months ended June 30, 2019 and 2018 was 24.3 years and 4.8 years, respectively.

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- Definition The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI http://asc.fasb.org/topic&trid=2303972 + Details
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- References No definition available. + Details
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Period Type: | duration