Acquired Properties (Tables)

12 Months Ended

Dec. 31, 2018

The following table reflects the retail properties acquired, accounted for as asset acquisitions, during the year ended December 31, 2018:



Acquisition Date	Property	Metropolitan Statistical Area ("MSA")	Gross Acquisition Price		Square Feet
May 16, 2018	PGA Plaza (a)	Miami-Fort Lauderdale-West Palm Beach, FL	$	88,000	120,000
May 30, 2018	Kennesaw Marketplace (a)	Atlanta-Sandy Springs-Roswell, GA	64,300		117,000
September 13, 2018	Kennesaw Marketplace, Phase 3	Atlanta-Sandy Springs-Roswell, GA	7,500		13,000
December 13, 2018	Peachland Promenade, Phase 2	Cape Coral-Fort Myers, FL	18,700		95,000
December 21, 2018	Sandy Plains Centre (a)	Atlanta-Sandy Springs-Roswell, GA	44,100		125,000
	Total		$	222,600	470,000


(a)	These acquisitions were made through three consolidated VIEs and used to facilitate Reverse 1031 Exchanges. During the last quarter of 2018, the title of PGA Plaza and Kennesaw Marketplace transferred to the Company through the completions of an exchange and expiration of the 180-day waiting period, respectively.

The following table reflects the retail properties acquired, accounted for as asset acquisitions, during the year ended December 31, 2017:



Acquisition Date	Property	MSA	Gross Acquisition Price		Square Feet
January 6, 2017	Campus Marketplace (a)	San Diego-Carlsbad, CA	$	73,350	144,000
February 1, 2017	Paraiso Parc and Westfork Plaza	Miami-Fort Lauderdale-West Palm Beach, FL	163,000		393,000
February 21, 2017	The Shops at Town Center	Washington-Arlington-Alexandria, DC-VA-MD-WV	53,550		125,000
August 14, 2017	Cary Park Town Center	Raleigh-Cary, NC	25,000		93,000
August 18, 2017	The Parke	Austin-Round Rock, TX	112,250		364,000
August 18, 2017	The Plaza Midtown	Atlanta-Sandy Springs-Roswell, GA	31,800		70,000
September 14, 2017	River Oaks (b)	San Jose-Sunnyvale-Santa Clara, CA	115,000		275,000
September 21, 2017	Kyle Marketplace (b)	Austin-Round Rock, TX	59,475		226,000
	Total		$	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 consolidated statements of cash flows for the year ended December 31, 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 completion of an exchange and expiration of the 180-day waiting period, respectively.

Schedule of recognized identified assets acquired and liabilities assumed

The following table summarizes the estimated fair value of the retail properties' assets acquired and liabilities assumed for the years ended December 31, 2018 and 2017:



	2018 Acquisitions			2017 Acquisitions
Land	$	40,435		$	125,990
Building and other improvements	166,058			440,204
Total investment properties	206,493			566,194
Intangible assets (a)	21,584			69,306
Intangible liabilities (b)	(6,215		)	(19,099		)
Net other assets and liabilities	738			17,024
Total fair value of assets acquired and liabilities assumed	$	222,600		$	633,425


(a)	Intangible assets include in-place leases and above-market leases.


(b)	Intangible liabilities include below-market leases.