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Acquisitions | 6 Months Ended
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Jun. 30, 2026
Business Combination [Abstract] |
Acquisitions | 2. Acquisitions During the six months ended June 30, 2026, the Company acquired 44 convenience shopping centers for a gross purchase price of $516.5 million. The fair value of the acquisitions was allocated as follows (in thousands):
|  |  |  | Weighted-Average Amortization Period (in Years)
| 2026 |  |  | 2026
Land | $ | 160,219 |  |  | N/A
Buildings |  | 308,722 |  |  | (A)
Tenant improvements |  | 10,547 |  |  | (A)
In-place leases (including lease origination costs and fair market value of leases) |  | 54,203 |  |  | 6.4
Other assets assumed |  | 966 |  |  | N/A
|  | 534,657 |  |  |
Less: Below-market leases |  | (16,416 | ) |  | 15.4
Less: Other liabilities assumed |  | (4,055 | ) |  | N/A
Net assets acquired | $ | 514,186 |  |  |
(A) Depreciated in accordance with the Company’s policy. Total consideration for the acquisitions was paid in cash. Included in the Company’s consolidated statements of operations for the three and six months ended June 30, 2026, was $6.6 million and $8.1 million, respectively, in total revenues from the date of acquisition through June 30, 2026, for the properties acquired in 2026.

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