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ACQUISITIONS AND DISPOSITIONS (Tables) | 3 Months Ended
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Mar. 31, 2020
Business Combinations [Abstract] |
Schedule of Business Acquisitions, by Acquisition | During the three months ended March 31, 2019, no acquisitions were completed by the Company. During the three months ended March 31, 2020, we closed on the following acquisitions:
Date Purchased |  | Property Name |  | City |  | State |  | Square Feet |  | Purchase Price |
|  |  |  |  |  |  |  |  |  | (in thousands) |
February 12, 2020 |  | Kingswood Center |  | Brooklyn |  | NY |  | 130,000 |  |  | $ | 90,212 |  |
February 12, 2020 |  | Kingswood Crossing |  | Brooklyn |  | NY |  | 110,000 |  |  | 77,077 |  |
|  |  |  |  |  |  |  | 2020 Total | $ | 167,289 |  | (1)
(1) The total purchase price for the properties acquired during the three months ended March 31, 2020 includes $2.5 million of transaction costs incurred related to the transactions.
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The aggregate purchase price of the above property acquisitions has been allocated as follows:
Property Name |  | Land |  | Buildings and improvements |  | Identified intangible assets(1) |  | Identified intangible liabilities(1) |  | Debt premium |  | Total Purchase Price
(in thousands) |  |  |  |  |  |  |  |  |  |  |  |
Kingswood Center |  | $ | 15,690 |  |  | $ | 76,766 |  |  | $ | 9,263 |  |  | $ | (4,534 | ) |  | $ | (6,973 | ) |  | $ | 90,212 |
Kingswood Crossing |  | 8,150 |  |  | 64,159 |  |  | 4,768 |  |  | — |  |  | — |  |  | 77,077 |
2020 Total |  | $ | 23,840 |  |  | $ | 140,925 |  |  | $ | 14,031 |  |  | $ | (4,534 | ) |  | $ | (6,973 | ) |  | $ | 167,289 |
(1) As of March 31, 2020, the remaining weighted average amortization periods of the identified intangible assets and identified intangible liabilities acquired were 8.9 years and 11.3 years, respectively.

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
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