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Acquired Properties
 9 Months Ended
Sep. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Acquired Properties Acquired Properties
The following table presents the retail properties acquired during the nine months ended September 30, 2025:
Month AcquiredPropertyMarketSquare FeetGross
Acquisition Price		Assumption of
Mortgage Debt
Apr-25Plaza Escondida (a)Tucson, AZ91 $23,000 $7,981 
Apr-25Carmel VillageCharlotte, NC54 19,925 — 
Jun-25West Ashley Station (b)Charleston, SC79 26,600 — 
Jun-25Twelve Oaks Shopping CenterSavannah, GA106 35,850 — 
Jul-25The Marketplace at Encino ParkSan Antonio, TX92 38,500 — 
Jul-25West Broad MarketplaceRichmond, VA386 86,000 — 
Aug-25Asheville Market (c)Asheville, NC 130 45,700 22,281 
Sep-25Rea FarmsCharlotte, NC183 80,000 — 
1,121 $355,575 $30,262 
(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 the property. See "Note 11. Commitments and Contingencies".
(c)The Company recognized a fair value adjustment of $607 related to the mortgage payable secured by the property.
The following table presents the retail properties acquired during the nine months ended September 30, 2024:
Month AcquiredPropertyMarketSquare FeetGross
Acquisition Price		Assumption of
Mortgage Debt
Feb-24The Plant (a)Phoenix, AZ57 $29,500 $13,000 
Apr-24Moores MillAtlanta, GA70 28,000 — 
Jun-24Maguire Groves (b)Orlando, FL33 16,100 — 
Aug-24Scottsdale North MarketplaceScottsdale, AZ66 23,000 — 
226 $96,600 $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 presents the Company's purchase price allocations of retail properties acquired, accounted for as asset acquisitions, during the nine months ended September 30, 2025 and 2024:
2025 Acquisitions2024 Acquisitions
AmountWeighted Average
Useful Life (in Years)		AmountWeighted Average
Useful Life (in Years)
Land$52,763 N/A$17,635 N/A
Building, roofs, and site improvements246,589 28.066,501 27.6
Finance lease fair value adjustment (a)(2,008)66.6— N/A
In-place lease intangibles77,020 8.515,342 7.8
Above-market lease intangibles2,221 7.8178 5.4
Mortgage payable fair value adjustments1,114 3.7410 1.3
Below-market lease intangibles(22,679)14.9(3,692)13.9
Net assets acquired355,020 96,374 
Capitalized acquisition costs(2,336)(361)
Closing credits2,891 587 
Gross acquisition price$355,575 $96,600 
(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".