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Subsequent Events | 9 Months Ended
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Sep. 30, 2019
Subsequent Events [Abstract] |
Subsequent Events | Subsequent Events In preparing its condensed consolidated financial statements, the Company has evaluated events and transactions occurring after September 30, 2019, through the date the financial statements were issued for recognition and disclosure purposes. On October 11, 2019, the Company disposed of Northwest Marketplace, a 185,000 square foot power center located in the Houston-The Woodlands-Sugar Land, TX MSA, for a gross disposition price of $29,500. On November 1, 2019, the Company adopted a Second Amended and Restated Share Repurchase Program (the "SRP"), replacing the previously suspended Amended and Restated Share Repurchase Program. The SRP is effective as of December 1, 2019 and is available to all qualifying stockholders (those who have purchased shares from the Company or acquired their shares through one or more non-cash transactions). The Company will redeem the shares on a semi-annual basis, at a price equal to a 25% discount to the most recently announced net asset value per share, subject to sufficiently available funds and other limitations outlined in the SRP, including a prioritization of stockholder requests. On November 1, 2019, the Company also filed a post-effective amendment to its Registration Statement on Form S-3D (File No. 333-172862) in connection with certain amendments to, and the reinstitution of, the Company’s distribution reinvestment plan.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 + Details
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