XML 34 R22.htm IDEA: XBRL DOCUMENT v3.24.3
Acquired Properties (Tables)
 9 Months Ended
Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of Retail Properties Acquired
The following table reflects the retail properties acquired, accounted for as asset acquisitions, during the nine months ended September 30, 2024:
Acquisition DatePropertyMetropolitan AreaSquare
Feet		Gross
Acquisition Price		Intangible AssetsIntangible LiabilitiesAssumption of
Mortgage Debt
February 1, 2024The Plant (a)Phoenix, AZ57 $29,500 $4,467 $540 $13,000 
April 9, 2024Moores Mill Atlanta, GA70 28,000 6,710 1,451 — 
June 13, 2024Maguire Groves (b)Orlando, FL33 16,100 1,652 406 — 
August 6, 2024Scottsdale North MarketplaceScottsdale, AZ66 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 DatePropertyMetropolitan AreaSquare
Feet		Gross
Acquisition Price		Intangible AssetsIntangible LiabilitiesAssumption of
Mortgage Debt
January 18, 2023Bay Colony (a)Houston, TX416 $79,100 $16,586 $1,937 $41,969 
January 18, 2023Blackhawk Town Center (a)Houston, TX127 26,300 3,123 184 13,008 
January 18, 2023Cyfair Town Center (a)Houston, TX433 79,200 17,229 4,160 30,880 
January 18, 2023Stables Town Center (a)Houston, TX148 37,000 8,155 676 6,611 
June 2, 2023The Shoppes at Davis LakeCharlotte, NC91 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.