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Acquisitions (Tables)

6 Months Ended

Jun. 30, 2025

The following is a summary of the allocation of the fair value of Arrowhead Towne Center:


Property	$	426,097
Deferred charges	22,307

Other assets	2,973
Total assets acquired	451,377
Mortgage note payable	383,881
Discount on mortgage note payable	(33,062)
Other accrued liabilities	9,439
Total liabilities assumed	360,258
Fair value of acquired net assets (at 100% ownership)	$	91,119

The following is a summary of the allocation of the fair value of South Plains Mall:


Property	$	183,434
Deferred charges	19,223
Other assets	4,114
Total assets acquired	206,771
Mortgage note payable	200,000
Discount on mortgage note payable	(10,372)
Other accrued liabilities	8,553
Total liabilities assumed	198,181
Fair value of acquired net assets (at 100% ownership)	$	8,590

The following is a summary of the allocation of the fair value of Lakewood Center, Los Cerritos Center and Washington Square:


Property	$	1,526,515
Deferred charges	85,661
Other assets	19,635
Total assets acquired	1,631,811
Mortgage note payable	1,312,718
Discount on mortgage note payable	(31,119)
Other accrued liabilities	27,711
Total liabilities assumed	1,309,310
Fair value of acquired net assets (at 100% ownership)	$	322,501

The following is a summary of the allocation of the fair value of Crabtree Mall, exclusive of closing costs and credits received:


Property	$	252,011
Deferred charges	38,446
Other assets	8,666
Total assets acquired	299,123


Other accrued liabilities	9,123
Total liabilities assumed	9,123
Fair value of acquired net assets (at 100% ownership)	$	290,000

The following is a reconciliation of the allocation of the fair value of acquired net assets to total cash paid:


Fair value of acquired net assets (at 100% ownership)	$	290,000
Credits received at closing	(24,612)
Closing and other transaction costs	1,538
Total cash paid	$	266,926

Tabular disclosure of business combination. Includes, but is not limited to, recognized asset and liability.