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Acquired Properties (Tables) | 6 Months Ended
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Jun. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] |
Schedule of Retail Properties Acquired | The following table reflects the retail properties acquired during the six months ended June 30, 2025:
Month Acquired |  | Property |  | Market |  | Square Feet |  | Gross Acquisition Price |  | Assumption of Mortgage Debt
Apr-25 |  | Plaza Escondida (a) |  | Tucson, AZ |  | 91 |  |  | $ | 23,000 |  |  | $ | 7,981 |
Apr-25 |  | Carmel Village |  | Charlotte, NC |  | 54 |  |  | 19,925 |  |  | — |
Jun-25 |  | West Ashley Station (b) |  | Charleston, SC |  | 79 |  |  | 26,600 |  |  | — |
Jun-25 |  | Twelve Oaks Shopping Center |  | Savannah, GA |  | 106 |  |  | 35,850 |  |  | — |
|  |  |  |  |  | 330 |  |  | $ | 105,375 |  |  | $ | 7,981 |
(a)The Company recognized a fair value adjustment of $507 related to the mortgage payable secured by the property. (b)The Company recognized a finance lease liability of $10,973 associated with the ground lease assumed upon the acquisition of this property. See "Note 11. Commitments and Contingencies". The following table reflects the retail properties acquired during the six months ended June 30, 2024:
Month Acquired |  | Property |  | Market |  | Square Feet |  | Gross Acquisition Price |  | Assumption of Mortgage Debt
Feb-24 |  | The Plant (a) |  | Phoenix, AZ |  | 57 |  |  | $ | 29,500 |  |  | $ | 13,000 |
Apr-24 |  | Moores Mill |  | Atlanta, GA |  | 70 |  |  | 28,000 |  |  | — |
Jun-24 |  | Maguire Groves (b) |  | Orlando, FL |  | 33 |  |  | 16,100 |  |  | — |
|  |  |  |  |  | 160 |  |  | $ | 73,600 |  |  | $ | 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 Company's purchase price allocations of retail properties acquired, accounted for as asset acquisitions, during the six months ended June 30, 2025 and 2024:
| 2025 Acquisitions |  | 2024 Acquisitions
| Amount |  | Weighted Average Useful Life (in Years) |  | Amount |  | Weighted Average Useful Life (in Years)
Land | $ | 11,277 |  |  | N/A |  | $ | 11,130 |  |  | N/A
Building, roofs, and site improvements | 84,483 |  |  | 28.5 |  | 51,784 |  |  | 28.0
Finance lease fair value adjustment (a) | (2,008) |  |  | 66.6 |  | — |  |  | N/A
In-place lease intangibles | 19,542 |  |  | 7.8 |  | 12,668 |  |  | 8.4
Above-market lease intangibles | 915 |  |  | 8.1 |  | 161 |  |  | 5.9
Mortgage payable fair value adjustment | 507 |  |  | 5.1 |  | 410 |  |  | 1.3
Below-market lease intangibles | (9,093) |  |  | 14.3 |  | (2,397) |  |  | 12.9
Net assets acquired | 105,623 |  |  |  |  | 73,756 |  |  |
Capitalized acquisition costs | (1,050) |  |  |  |  | (260) |  |  |
Closing credits | 802 |  |  |  |  | 104 |  |  |
Gross acquisition price | $ | 105,375 |  |  |  |  | $ | 73,600 |  |  |
(a)The Company recognized a fair value adjustment to the finance lease right-of-use ("ROU") asset related to the ground lease assumed upon the acquisition of West Ashley Station. See "Note 11. Commitments and Contingencies".

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- Definition Tabular disclosure of 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
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- References No definition available. + Details
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