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Acquired Properties (Tables)

6 Months Ended

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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- References

No definition available.

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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

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