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Acquired Properties | 3 Months Ended
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Mar. 31, 2018
Business Combinations [Abstract] |
Acquired Properties | Acquired Properties The Company records identifiable assets, liabilities and noncontrolling interests acquired at fair value. During the three months ended March 31, 2018 the Company had no acquisitions. During the three months ended March 31, 2017, the Company acquired three retail properties for a gross acquisition price of $289,900. The Company determined these transactions represented acquisitions of assets in accordance with GAAP. Accordingly, the Company capitalized transaction costs of approximately $1,168 during the three months ended March 31, 2017. The following table summarizes the retail properties acquired during the three months ended March 31, 2017.
Property |  | MSA(a) |  | Acquisition Date |  | Gross Acquisition Price |  | Square Feet
Campus Marketplace (b) |  | San Diego-Carlsbad, CA |  | January 6, 2017 |  | $ | 73,350 |  |  | 144,000 |
Paraiso Parc and Westfork Plaza |  | Miami-Fort Lauderdale- West Palm Beach, FL |  | February 1, 2017 |  | 163,000 |  |  | 386,000 |
The Shops at Town Center |  | Washington-Arlington-Alexandria, DC-VA-MD-WV |  | February 21, 2017 |  | 53,550 |  |  | 125,000 |
|  |  |  |  |  | $ | 289,900 |  |  | 655,000 |
(a) | Metropolitan Statistical Area (MSA), as defined by the United States Office of Management and Budget.
(b) | As part of this acquisition, the Company assumed mortgage debt of $41,717 as reported within non-cash financing activities on the condensed consolidated statement of cash flows for the three months ended March 31, 2017.
The following table summarizes the estimated fair value of the retail properties' assets acquired and liabilities assumed for the three months ended March 31, 2017.
| 2017 Acquisitions
Land | $ | 75,194 |
Building and other improvements | 181,389 |
Total investment properties | 256,583 |
Intangible assets (a) | 25,193 |
Intangible liabilities (b) | (8,516 | )
Net other assets and liabilities | 16,640 |
Total fair value of assets acquired and liabilities assumed | $ | 289,900 |
(a) | Intangible assets include in-place leases and above market leases.
(b) | Intangible liabilities include below market leases.

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- Definition The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI http://asc.fasb.org/topic&trid=2303972 + Details
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- References No definition available. + Details
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