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ACQUISITIONS

6 Months Ended

Jun. 30, 2023

Business Combination and Asset Acquisition [Abstract]

ACQUISITIONS

ACQUISITIONS

The Company did not acquire any properties during the six months ended June 30, 2023.

The Company closed on the following asset acquisitions during the six months ended June 30, 2022 (dollars in thousands):

Date

Property Name

Metropolitan Statistical Area (MSA)

Property Type

Square Footage

Acquisition Price

February 16, 2022

Pebble Marketplace

Las Vegas

Multi-tenant retail

85,796

$

44,100

April 13, 2022

MacArthur Crossing

Dallas

Two-tenant building

56,077

21,920

141,873

$

66,020

The above acquisitions were funded using a combination of available cash on hand and proceeds from the Company’s unsecured revolving line of credit. Substantially all of the purchase price was allocated to investment properties.

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- References

No definition available.

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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://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479907/805-20-50-5

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 805
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//805/tableOfContent

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