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Acquired Properties (Tables) | 3 Months Ended
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Mar. 31, 2018
Business Combinations [Abstract] |
Schedule of Business Acquisitions | 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 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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