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Acquired Assets (Tables) | 9 Months Ended
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Sep. 30, 2017
Business Combinations [Abstract] |
Schedule of Business Acquisitions | The following table reflects the multi-tenant retail assets acquired during the nine months ended September 30, 2017.
Asset |  | Location |  | Acquisition Date |  | Gross Acquisition Price |  | Square Feet
Campus Marketplace (a) |  | San Marcos, CA |  | 1/6/2017 |  | $ | 73,350 |  |  | 144,000
Paraiso Parc and Westfork Plaza |  | Pembroke Pines, FL |  | 2/1/2017 |  | 163,000 |  |  | 386,000
The Shops at Town Center |  | Germantown, MD |  | 2/21/2017 |  | 53,550 |  |  | 125,000
Cary Park Town Center |  | Cary, NC |  | 8/14/2017 |  | 25,000 |  |  | 93,000
The Parke |  | Cedar Park, TX |  | 8/18/2017 |  | 112,250 |  |  | 364,000
The Plaza Midtown |  | Atlanta, GA |  | 8/18/2017 |  | 31,800 |  |  | 70,000
River Oaks (b) |  | Santa Clarita, CA |  | 9/14/2017 |  | 115,000 |  |  | 275,000
Kyle Marketplace (b) |  | Kyle, TX |  | 9/21/2017 |  | 59,475 |  |  | 226,000
|  |  |  |  |  | $ | 633,425 |  |  | 1,683,000
(a) | As part of this acquisition, the Company assumed mortgage debt of $41,717 as reported within non-cash financing activities on the consolidated statements of cash flows for the nine months ended September 30, 2017.
(b) | These assets are held at a wholly owned subsidiary of the EAT as Parked Assets in anticipation of completing a Reverse 1031 Exchange in 2018 (See "Note 5. Investment in Consolidated and Unconsolidated Entities")
The following table summarizes the estimated fair value of the multi-tenant retail assets acquired and liabilities assumed for the nine months ended September 30, 2017, as listed above.
| 2017 Acquisitions
Land | $ | 125,990 |
Building and other improvements | 440,204 |
Total investment properties | 566,194 |
Intangible assets (a) | 69,306 |
Intangible liabilities (b) | (19,099 | )
Net other assets and liabilities | 17,024 |
Total fair value of assets acquired and liabilities assumed | $ | 633,425 |
(a) | Intangible assets include in-place leases and above market leases.
(b) | Intangible liabilities include below market leases.
The following table reflects the multi-tenant retail assets acquired during the nine months ended September 30, 2016 that were accounted for as business combinations.
Asset |  | Location |  | Acquisition Date |  | Gross Acquisition Price |  | Square Feet
Shops at the Galleria |  | Bee Cave, TX |  | 4/1/2016 |  | $ | 132,000 |  |  | 538,000
Renaissance Center (a) |  | Durham, NC |  | 4/1/2016 |  | 129,200 |  |  | 363,000
Stevenson Ranch |  | Stevenson, CA |  | 4/15/2016 |  | 72,500 |  |  | 187,000
The Pointe at Creedmoor |  | Raleigh, NC |  | 7/12/2016 |  | 16,977 |  |  | 60,000
Windward Commons |  | Alpharetta, GA |  | 8/23/2016 |  | 27,650 |  |  | 117,000
Old Grove Marketplace |  | Oceanside, CA |  | 8/25/2016 |  | 23,250 |  |  | 81,000
|  |  |  |  |  | $ | 401,577 |  |  | 1,346,000
(a) | As part of this acquisition, the Company assumed mortgage debt of $16,000 as reported within non-cash financing activities on the consolidated statements of cash flows for the nine months ended September 30, 2016.
The following table summarizes the estimated fair value of the multi-tenant retail assets acquired and liabilities assumed for the nine months ended September 30, 2016, as listed above.
| 2016 Acquisitions
Land | $ | 141,215 |
Building and other improvements | 239,149 |
Total investment properties | 380,364 |
Intangible assets (a) | 37,432 |
Intangible liabilities (b) | (16,477 | )
Net other assets and liabilities | 258 |
Total fair value of assets acquired and liabilities assumed | $ | 401,577 |
(a) | Intangible assets include in-place leases and above market leases.
(b) | Intangible liabilities include below market leases.
Schedule of Pro Forma Information | The following unaudited pro-forma results of operations reflect these transactions as if each had occurred on January 1, 2016. The pro-forma information is not necessarily indicative of the results that actually would have occurred nor does it indicate future operating results.
| Three months ended September 30, 2016 |  | Nine months ended September 30, 2016
Total income | $ | 61,236 |  |  | $ | 192,581 |
Net income from continuing operations | $ | 29,818 |  |  | $ | 65,667 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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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://www.xbrl.org/2003/role/presentationRef -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://www.xbrl.org/2003/role/presentationRef -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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