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Acquired Properties (Tables) | 9 Months Ended
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Sep. 30, 2018
Business Combinations [Abstract] |
Schedule of Business Acquisitions | The following table reflects the retail properties acquired, accounted for as asset acquisitions, during the nine months ended September 30, 2018:
Property |  | Metropolitan Statistical Area (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 |
Kennesaw Marketplace, Phase 3 (c) |  | Atlanta-Sandy Springs-Roswell, GA |  | September 13, 2018 |  | 7,500 |  |  | 13,000 |
|  |  |  |  |  | $ | 159,800 |  |  | 250,000 |
(a) | 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").
(c) | The assets, liabilities, and operations of Kennesaw Marketplace, Phase 3, are accounted for as part of the larger Kennesaw Marketplace retail property.
The following table summarizes the retail properties acquired, accounted for as asset acquisitions, during the nine months ended September 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 |
Cary Park Town Center |  | Raleigh-Cary, NC |  | August 14, 2017 |  | 25,000 |  |  | 93,000 |
The Parke |  | Austin-Round Rock, TX |  | August 18, 2017 |  | 112,250 |  |  | 364,000 |
The Plaza Midtown |  | Atlanta-Sandy Springs-Roswell, GA |  | August 18, 2017 |  | 31,800 |  |  | 70,000 |
River Oaks (b) |  | San Jose-Sunnyvale-Santa Clara, CA |  | September 14, 2017 |  | 115,000 |  |  | 275,000 |
Kyle Marketplace (b) |  | Austin-Round Rock, TX |  | September 21, 2017 |  | 59,475 |  |  | 226,000 |
|  |  |  |  |  | $ | 633,425 |  |  | 1,690,000 |
(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 nine months ended September 30, 2017.
(b) | These asset acquisitions were structured as Reverse 1031 Exchanges. During the first quarter of 2018, the title of Kyle Marketplace and River Oaks transferred to the Company through the completions of an exchange and expiration of the 180-day waiting period, respectively.
The following table summarizes the estimated fair value of the retail properties' assets acquired and liabilities assumed for the nine months ended September 30, 2018 and September 30, 2017:
| 2018 Acquisitions |  | 2017 Acquisitions
Land | $ | 23,001 |  |  | $ | 125,990 |
Building and other improvements | 127,216 |  |  | 440,204 |
Total investment properties | 150,217 |  |  | 566,194 |
Intangible assets (a) | 14,054 |  |  | 69,306 |
Intangible liabilities (b) | (5,119 | ) |  | (19,099 | )
Net other assets and liabilities | 648 |  |  | 17,024 |
Total fair value of assets acquired and liabilities assumed | $ | 159,800 |  |  | $ | 633,425 |
(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://fasb.org/us-gaap/role/ref/legacyRef -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://fasb.org/us-gaap/role/ref/legacyRef -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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