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Subsequent Events (Tables)

9 Months Ended

Sep. 30, 2018

Subsequent Events [Abstract]

Distributions to Stockholders and OP Unit Holders

Distributions paid to stockholders and OP unit holders of record subsequent to September 30, 2018, were as follows (in thousands, except distribution rate):

Month	Date of Record		Distribution Rate		Date Distribution Paid		Gross Amount of Distribution Paid				Distribution Reinvested through the DRIP				Net Cash Distribution
September	9/17/2018		$0.05583344		10/1/2018		$	12,691			$	3,817			$	8,874
October	10/15/2018		$0.05583344		11/1/2018		12,701				3,787				8,914

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the purchase price allocation based on that report (in thousands):

	Amount
Assets:
Land and improvements	$	269,140
Building and improvements	574,173
Intangible lease assets	93,506
Cash	5,930
Accounts receivable and other assets	42,426
Management contracts	58,000
Goodwill	29,066
Total assets acquired	1,072,241
Liabilities:
Accounts payable and other liabilities	48,342
Acquired below-market leases	49,109
Total liabilities acquired	97,451
Net assets acquired	$	974,790

Our real estate assets acquired during the nine months ended September 30, 2018, were as follows (dollars in thousands):

Property Name

Location

Anchor Tenant

Acquisition Date

Purchase Price

Leased % of Rentable Square Feet at Acquisition

Shoppes of Lake Village

Leesburg, FL

Publix

2/26/2018

$

8,423

71.3

%

Sierra Vista Plaza

Murrieta, CA

Stater Brothers(1)

9/28/2018

22,151

81.0

%

⁽¹⁾  Stater Brothers is in a portion of the shopping center that we do not own.

During the nine months ended September 30, 2017, we acquired the following real estate assets (dollars in thousands):

Property Name		Location		Anchor Tenant		Acquisition Date		Purchase Price				Leased % of Rentable Square Feet at Acquisition
Atwater Marketplace		Atwater, CA		Save Mart		2/10/2017		$	15,041			94.6	%
Rocky Ridge Station		Roseville, CA		Sprouts		4/18/2017		37,271			(1)	96.3	%
Greentree Station		Racine, WI		Pick ‘n Save		5/5/2017		12,309				90.3	%
Titusville Station		Titusville, FL		Publix		6/15/2017		13,817				71.7	%
Sierra Station		Corona, CA		Ralph’s		6/20/2017		29,137			(1)	94.0	%
Hoffman Village Station		Hoffman Estates, IL		Mariano’s		9/5/2017		34,910				93.1	%

⁽¹⁾  The purchase price includes the fair value of debt assumed as part of the acquisition.

Subsequent to September 30, 2018, we acquired the following property (dollars in thousands):

Property Name

Location

Anchor Tenant

Acquisition Date

Contractual Purchase Price

Square Footage

Leased % of Rentable Square Feet at Acquisition

Wheat Ridge Marketplace

Wheat Ridge, CO

Safeway

10/3/2018

$ 18,750(1)

103,438

90.5

%

⁽¹⁾  The purchase price includes debt assumed as part of the acquisition.

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-Name Accounting Standards Codification
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-Section 50
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