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Acquired Properties (Tables) | 6 Months Ended
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Jun. 30, 2018
Business Combinations [Abstract] |
Schedule of Business Acquisitions | The following table summarizes the estimated fair value of the retail properties' assets acquired and liabilities assumed for the six months ended June 30, 2018 and June 30, 2017.
| 2018 Acquisitions |  | 2017 Acquisitions
Land | $ | 21,629 |  |  | $ | 75,194 |
Building and other improvements | 121,815 |  |  | 181,389 |
Total investment properties | 143,444 |  |  | 256,583 |
Intangible assets (a) | 13,500 |  |  | 25,193 |
Intangible liabilities (b) | (4,956 | ) |  | (8,516 | )
Net other assets and liabilities | 312 |  |  | 16,640 |
Total fair value of assets acquired and liabilities assumed | $ | 152,300 |  |  | $ | 289,900 |
(a) | Intangible assets include in-place leases and above-market leases.
(b) | Intangible liabilities include below-market leases.
The following table reflects the retail properties acquired, accounted for as asset acquisitions, during the six months ended June 30, 2018:
Property |  | MSA(a) |  | Acquisition Date |  | Gross Acquisition Price |  | Square Feet
PGA Plaza (b) |  | Miami-Fort Lauderdale-West Palm Beach, FL |  | May 16, 2018 |  | $ | 88,000 |  |  | 120,000 |
Kennesaw Marketplace (b) |  | Atlanta-Sandy Springs-Roswell, GA |  | May 30, 2018 |  | 64,300 |  |  | 117,000 |
|  |  |  |  |  | $ | 152,300 |  |  | 237,000 |
(a) | Metropolitan Statistical Area (MSA), as defined by the United States Office of Management and Budget.
(b) | These acquisitions were made through two consolidated VIEs and used to facilitate an Internal Revenue Code Section 1031 tax-deferred exchange ("Reverse 1031 Exchange").
The following table summarizes the retail properties acquired, accounted for as asset acquisitions, during the six months ended June 30, 2017.
Property |  | MSA |  | Acquisition Date |  | Gross Acquisition Price |  | Square Feet
Campus Marketplace (a) |  | 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 |  |  | 393,000 |
The Shops at Town Center |  | Washington-Arlington-Alexandria, DC-VA-MD-WV |  | February 21, 2017 |  | 53,550 |  |  | 125,000 |
|  |  |  |  |  | $ | 289,900 |  |  | 662,000 |
(a) | 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 six months ended June 30, 2017.

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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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