XML 33 R21.htm IDEA: XBRL DOCUMENT v3.23.2
Acquired Properties (Tables)
6 Months Ended
Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract]  
Schedule of Asset Acquisitions
The following table reflects the retail properties acquired, accounted for as asset acquisitions, during the six months ended June 30, 2023:
Acquisition DatePropertyMetropolitan AreaSquare FeetGross
Acquisition Price
Assumption of
Mortgage Debt
January 18, 2023Bay Colony (a)Houston, TX416 $79,100 $41,969 
January 18, 2023Blackhawk Town Center (a)Houston, TX127 26,300 13,008 
January 18, 2023Cyfair Town Center (a)Houston, TX433 79,200 30,880 
January 18, 2023Stables Town Center (a)Houston, TX148 37,000 6,611 
June 2, 2023The Shoppes at Davis LakeCharlotte, NC91 22,400 — 
1,215 $244,000 $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 six months ended June 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)The retail property was 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 $499 related to the mortgage payable secured by the property.
(b)The Company acquired a parcel of vacant land adjacent to this retail property.