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ACQUISITIONS

9 Months Ended

Sep. 30, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

ACQUISITIONS

ACQUISITIONS

The Company closed on the following asset acquisition during the nine months ended September 30, 2024 (dollars in thousands):

Date

Property Name

MSA

Property Type

Square Footage

Acquisition Price

August 30, 2024

Parkside West Cobb

Atlanta

Multi-tenant retail

141,627

$

40,125

The Company closed on the following asset acquisition during the nine months ended September 30, 2023 (dollars in thousands):

Date

Property Name

MSA

Property Type

Square Footage

Acquisition Price

September 22, 2023

Prestonwood Place

Dallas/Ft. Worth

Multi-tenant retail

155,975

$

81,000

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

X

- 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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