XML 22 R10.htm IDEA: XBRL DOCUMENT
v3.24.3

Acquired Properties | 9 Months Ended
--- | ---
Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [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, 2024:
Acquisition Date |  | Property |  | Metropolitan Area |  | Square Feet |  | Gross Acquisition Price |  | Intangible Assets |  | Intangible Liabilities |  | Assumption of Mortgage Debt
February 1, 2024 |  | The Plant (a) |  | Phoenix, AZ |  | 57 |  |  | $ | 29,500 |  |  | $ | 4,467 |  |  | $ | 540 |  |  | $ | 13,000 |
April 9, 2024 |  | Moores Mill |  | Atlanta, GA |  | 70 |  |  | 28,000 |  |  | 6,710 |  |  | 1,451 |  |  | — |
June 13, 2024 |  | Maguire Groves (b) |  | Orlando, FL |  | 33 |  |  | 16,100 |  |  | 1,652 |  |  | 406 |  |  | — |
August 6, 2024 |  | Scottsdale North Marketplace |  | Scottsdale, AZ |  | 66 |  |  | 23,000 |  |  | 2,691 |  |  | 1,295 |  |  | — |
|  |  |  |  |  | 226 |  |  | $ | 96,600 |  |  | $ | 15,520 |  |  | $ | 3,692 |  |  | $ | 13,000 |
(a)The Company recognized a fair value adjustment of $410 related to the mortgage payable secured by the property. (b)Maguire Groves is immediately adjacent to Plantation Grove, a Publix anchored neighborhood center wholly-owned by the Company. The Company operates these properties under the Plantation Grove name. The following table reflects the retail properties acquired, accounted for as asset acquisitions, during the nine months ended September 30, 2023:
Acquisition Date |  | Property |  | Metropolitan Area |  | Square Feet |  | Gross Acquisition Price |  | Intangible Assets |  | Intangible Liabilities |  | Assumption of Mortgage Debt
January 18, 2023 |  | Bay Colony (a) |  | Houston, TX |  | 416 |  |  | $ | 79,100 |  |  | $ | 16,586 |  |  | $ | 1,937 |  |  | $ | 41,969 |
January 18, 2023 |  | Blackhawk Town Center (a) |  | Houston, TX |  | 127 |  |  | 26,300 |  |  | 3,123 |  |  | 184 |  |  | 13,008 |
January 18, 2023 |  | Cyfair Town Center (a) |  | Houston, TX |  | 433 |  |  | 79,200 |  |  | 17,229 |  |  | 4,160 |  |  | 30,880 |
January 18, 2023 |  | Stables Town Center (a) |  | Houston, TX |  | 148 |  |  | 37,000 |  |  | 8,155 |  |  | 676 |  |  | 6,611 |
June 2, 2023 |  | The Shoppes at Davis Lake |  | Charlotte, NC |  | 91 |  |  | 22,400 |  |  | 3,551 |  |  | 123 |  |  | — |
|  |  |  |  |  | 1,215 |  |  | $ | 244,000 |  |  | $ | 48,644 |  |  | $ | 7,080 |  |  | $ | 92,468 |
(a)These retail properties were acquired from the Company's unconsolidated joint venture, IAGM Retail Fund I, LLC, 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. Transaction costs of $361 and $150 were capitalized during the nine months ended September 30, 2024 and 2023, respectively.

X
- Definition The entire disclosure for asset acquisition. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 50 -Name Accounting Standards Codification -Section 15 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480123/805-50-15-3 + Details
Name: | us-gaap_AssetAcquisitionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationAndAssetAcquisitionAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration