Acquired Properties

12 Months Ended

Dec. 31, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

The following table reflects the retail properties acquired during the year ended December 31, 2024:


Date	Property	Market	Square Feet	Gross Acquisition Price		Intangible Assets		Intangible Liabilities		Assumption of Mortgage Debt
2/1/24	The Plant (a)	Phoenix, AZ	57	$	29,500	$	4,467	$	540	$	13,000
4/9/24	Moores Mill	Atlanta Metro Area, GA	70	28,000		6,710		1,451		—
6/13/24	Maguire Groves (b)	Orlando-Kissimmee, FL	33	16,100		1,652		406		—
8/6/24	Scottsdale North Marketplace	Phoenix, AZ	66	23,000		2,691		1,295		—
10/9/24	Stonehenge Village	Richmond, VA	214	62,100		10,630		3,725		—
11/26/24	The Forum	Cape Coral-Fort Myers, FL	186	41,370		12,359		2,736		—
12/18/24	Market at Mill Creek	Charleston-Berkeley-Dorchester, SC	80	27,300		6,109		1,432		—
12/18/24	Nexton Square	Charleston-Berkeley-Dorchester, SC	134	54,700		9,410		5,850		—
			840	$	282,070	$	54,028	$	17,435	$	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 during the year ended December 31, 2023:


Date	Property	Market	Square Feet	Gross Acquisition Price		Intangible Assets		Intangible Liabilities		Assumption of Mortgage Debt
1/18/23	Bay Colony (a)	Houston-Sugar Land-Baytown, TX	416	$	79,100	$	16,586	$	1,937	$	41,969
1/18/23	Blackhawk Town Center (a)	Houston-Sugar Land-Baytown, TX	127	26,300		3,123		184		13,008
1/18/23	Cyfair Town Center (a)	Houston-Sugar Land-Baytown, TX	433	79,200		17,229		4,160		30,880
1/18/23	Stables Town Center (a)	Houston-Sugar Land-Baytown, TX	148	37,000		8,155		676		6,611
6/2/23	The Shoppes at Davis Lake	Charlotte-Gastonia-Concord, 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 former unconsolidated joint venture. See "Note 6. Investment in Unconsolidated Entities". The Company recognized a fair value adjustment of $692 related to the pooled mortgage debt on these properties.