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Acquisition of Real Estate (Tables) | 12 Months Ended
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Dec. 31, 2020
Real Estate [Abstract] |
Schedule of Business Acquisitions, by Acquisition | During the year ended December 31, 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.
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The aggregate purchase price of the assets acquired during the years ended December 31, 2020 and 2019, respectively, has been allocated as follows:
| Year Ended December 31,
Assets | 2020 |  | 2019
Land | $ | 3,425 |  |  | $ | 25,953 |
Buildings | — |  |  | 45,781 |
Building and tenant improvements | — |  |  | 5,832 |
Above-market leases(1) | — |  |  | 155 |
In-place leases(2) | — |  |  | 6,923 |
Total assets | 3,425 |  |  | 84,644 |
Liabilities |  |  |
Below-market leases(3) | — |  |  | 5,010 |
Total liabilities | — |  |  | 5,010 |
Net assets acquired | $ | 3,425 |  |  | $ | 79,634 |
(1)The weighted average amortization period at the time of acquisition for above-market leases related to assets acquired during the year ended December 31, 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 year ended December 31, 2019 was 8.8 years. (3)The weighted average amortization period at the time of acquisition for below-market leases related to assets acquired during the year ended December 31, 2019 was 24.3 years.

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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://fasb.org/us-gaap/role/ref/legacyRef -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://fasb.org/us-gaap/role/ref/legacyRef -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 + 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121647850&loc=d3e4845-128472 + Details
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