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Acquired Properties (Tables) | 3 Months Ended
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Mar. 31, 2019
Asset Acquisition [Abstract] |
Schedule of acquisitions | The following table reflects the retail properties acquired, accounted for as asset acquisitions, during the three months ended March 31, 2019:
Acquisition Date |  | Property |  | Metropolitan Statistical Area ("MSA")(a) |  | Gross Acquisition Price |  | Square Feet
January 31, 2019 |  | Commons at University Place |  | Raleigh-Cary, NC |  | $ | 23,250 |  |  | 92,000 |
March 20, 2019 |  | Lakeside Winter Park and Lakeside Crossings |  | Orlando-Kissimmee-Sanford, FL |  | 63,500 |  |  | 76,000 |
|  |  |  |  |  | $ | 86,750 |  |  | 168,000 |
(a) | As defined by the United States Office of Management and Budget.
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 three months ended March 31, 2019:
| 2019 Acquisitions
Land | $ | 19,902 |
Building and other improvements | 59,672 |
Total investment properties | 79,574 |
Intangible assets (a) | 8,504 |
Intangible liabilities (b) | (2,091 | )
Net other assets and liabilities | 763 |
Total fair value of assets acquired and liabilities assumed | $ | 86,750 |
(a) | Intangible assets include in-place leases and above-market leases.
(b) Intangible liabilities include below-market leases.

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