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Acquired Properties
9 Months Ended
Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract]  
Acquired Properties Acquired Properties
The following table reflects the retail properties acquired, accounted for as asset acquisitions, during the nine months ended September 30, 2022:
Acquisition DatePropertyMetropolitan AreaSquare FeetGross
Acquisition Price
Assumption of
Mortgage Debt
February 2, 2022Shops at Arbor TrailsAustin, TX357 $112,190 $31,500 
February 2, 2022Escarpment VillageAustin, TX170 77,150 26,000 
April 21, 2022The Highlands of Flower Mound (a)Dallas, TX175 38,000 22,880 
May 4, 2022Bay LandingFort Myers, FL63 10,425 — 
June 10, 2022Kyle Marketplace - Outparcel (b)Austin, TX— 705 — 
765 $238,470 $80,380 
(a)This retail property was acquired from the Company's unconsolidated joint venture, as disclosed in "Note 6. Investment in Unconsolidated Entities". The Company recognized a fair value adjustment of $499 to the mortgage payable secured by the property.
(b)The Company acquired a parcel of vacant land adjacent to this retail property.
The following table reflects the retail properties acquired, accounted for as asset acquisitions, during the nine months ended September 30, 2021:
Acquisition DatePropertyMetropolitan AreaSquare FeetGross
Acquisition Price
July 12, 2021Prestonwood Town Center (a)Dallas, TX233 $52,800 
September 2, 2021Rio Pinar Plaza - Outparcel (b)Orlando, FL1,910 
240 $54,710 
(a)This retail property was acquired from the Company's unconsolidated joint venture, as disclosed in "Note 6. Investment in Unconsolidated Entities".
(b)The assets, liabilities and operations of the outparcel acquired were combined for presentation purposes with a retail property already owned by the Company.
Transaction costs of $886 were capitalized during the nine months ended September 30, 2022, and $59 were capitalized during the nine months ended September 30, 2021.