Acquired Properties

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 Company incurred transaction costs of $60 and $260 during the three and nine months ended September 30, 2018, respectively, and $524 and $1,692 during the three and nine months ended September 30, 2017, respectively, which were capitalized and included in building and other improvements on the Company's condensed consolidated balance sheets.

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.