XML 21 R10.htm IDEA: XBRL DOCUMENT v3.23.1
Acquired Properties
3 Months Ended
Mar. 31, 2023
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 three months ended March 31, 2023:
Acquisition DateProperty (a)Metropolitan AreaSquare FeetGross
Acquisition Price
Assumption of
Mortgage Debt
January 18, 2023Bay ColonyHouston, TX416 $79,100 $41,969 
January 18, 2023Blackhawk Town CenterHouston, TX127 26,300 13,008 
January 18, 2023Cyfair Town CenterHouston, TX433 79,200 30,880 
January 18, 2023Stables Town CenterHouston, TX148 37,000 6,611 
1,124 $221,600 $92,468 
(a)These retail properties were acquired from the Company's unconsolidated joint venture, IAGM, as disclosed in "Note 6. Investment in Unconsolidated Entities". The Company recognized a fair value adjustment of $692 related to the pooled mortgage debt on these properties.
The following table reflects the retail properties acquired, accounted for as asset acquisitions, during the three months ended March 31, 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 
527 $189,340 $57,500 
Transaction costs of $78 were capitalized during the three months ended March 31, 2023, and $814 were capitalized during the three months ended March 31, 2022.