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Acquired Properties
12 Months Ended
Dec. 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 year ended December 31, 2023:
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 Lake Charlotte, 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 year ended December 31, 2022:
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 77,15026,000
April 21, 2022The Highlands of Flower Mound (a)Dallas, TX175 38,00022,880
May 4, 2022Bay LandingFort Myers, FL6310,425
June 10, 2022Kyle Marketplace - Outparcel (b)Austin, TX705
October 28, 2022Eastfield VillageCharlotte, NC9622,500
December 16, 2022Stone Ridge Market (a)San Antonio, TX21958,100 — 
1,080 $319,070 $80,380 
(a)These retail properties were acquired from the Company's unconsolidated joint venture. See "Note 6. Investment in Unconsolidated Entities". The Company recognized a fair value adjustment of $499 related to the pooled mortgage debt on these properties.
(b)The Company acquired a parcel of vacant land adjacent to this retail property. The assets, liabilities and operations of the outparcel acquired are combined for presentation purposes with the retail property already owned by the Company.
Transaction costs of $150 and $1,079 were capitalized during the years ended December 31, 2023 and 2022, respectively.