ACQUISITION AND DISPOSITION OF REAL ESTATE AND PROPERTIES HELD FOR SALE (Tables)

3 Months Ended

Mar. 31, 2015

ACQUISITION AND DISPOSITION OF REAL ESTATE AND DISCONTINUED OPERATIONS ABSTRACT

Schedule of Business Acquisitions, by Acquisition

The following table summarizes the Company's preliminary allocations of the purchase prices of assets acquired and liabilities assumed during 2015 which have yet to be finalized:



(dollars in thousands)	Preliminary Purchase Price Allocations
Land	$	57,509
Buildings and improvements	172,527
Above-below market debt assumed (included in Mortgage and other notes payable)	(9,765		)
Total consideration	$	220,271

The following table summarizes the preliminary allocations of the purchase prices of these properties as recorded as of December 31, 2014, and the finalized allocations as adjusted as of March 31, 2015:



(dollars in thousands)	Purchase Price Allocations as Originally Reported		Adjustments			Finalized Purchase Price Allocations
Land	$	22,625	$	10,765		$	33,390
Buildings and improvements	67,875		(12,626		)	55,249
Acquisition-related intangible assets (in Acquired lease intangibles, net)	—		4,705			4,705
Acquisition-related intangible liabilities (in Acquired lease intangibles, net)	—		(2,844		)	(2,844		)
Total consideration	$	90,500	$	—		$	90,500

During 2015, the Company acquired the following properties through its Core Portfolio and Fund IV as follows:



(dollars in thousands)
Property	GLA	Percent Owned		Type	Month of Acquisition	Purchase Price		Location	Assumption of Debt
Core Portfolio:
City Center	205,000	100	%	Urban Retail Center	March	$	155,000	San Fransisco, CA	$	—
163 Highland Avenue	40,500	100	%	Suburban Shopping Center	March	24,000		Needham, MA	9,765
Total Core Portfolio	245,500					$	179,000		$	9,765

Fund IV:
1035 Third Avenue (1)	53,294	100	%	Street Retail	January	$	51,036	New York, NY	$	—
Total Fund IV	53,294					$	51,036		$	—

Total	298,794					$	230,036		$	9,765

Note:

(1) GLA includes a portion of office space and a below-grade operator controlled parking garage.

Schedule Of Property Dispositions

During 2015, the Company disposed of the following property:



(dollars in thousands)
Dispositions	GLA	Sale Price		Gain on Sale		Month Sold	Owner
Lincoln Park Centre	61,761	$	64,000	$	27,143	January	Fund III

Disclosure of Long Lived Assets Held-for-sale

The assets and liabilities relating to those properties are summarized as follows:



(dollars in thousands)	December 31, 2014
Assets of properties held for sale	$	56,073
Liabilities of properties held for sale	$	25,500