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Acquisitions
 6 Months Ended
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.