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Acquired Properties | 6 Months Ended
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Jun. 30, 2018
Business Combinations [Abstract] |
Acquired Properties | Acquired Properties 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.
The Company incurred transaction costs of $200 during the three and six months ended June 30, 2018 and $1,168 during the six months ended June 30, 2017, which were capitalized and included in building and other improvements on the Company's condensed consolidation balance sheets. 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.

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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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