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Acquisition of Real Estate | 12 Months Ended
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Dec. 31, 2020
Real Estate [Abstract] |
Acquisition of Real Estate | Acquisition of Real Estate During the year ended December 31, 2020, the Company acquired the following assets, in separate transactions:
Description(1) |  | Location |  | Month Acquired |  | GLA |  | Aggregate Purchase Price(2)
Land adjacent to Shops at Palm Lakes |  | Miami Gardens, FL |  | Feb-20 |  | N/A |  | $ | 2,020 |
Land adjacent to College Plaza |  | Selden, NY |  | Jul-20 |  | N/A |  | 1,405 |
|  |  |  |  |  | N/A |  | $ | 3,425 |
(1)No debt was assumed related to the listed acquisitions. (2)Aggregate purchase price includes $0.1 million of transaction costs. 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. 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 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