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Acquired Assets (Tables)

9 Months Ended

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

X

- 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

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X

- 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

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