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Subsequent Events | 9 Months Ended
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Sep. 30, 2016
Subsequent Events [Abstract] |
Subsequent Events | Subsequent Events The Company has reviewed operating activities for the period subsequent to September 30, 2016, and prior to the date the financial statements are issued or are available to be issued, and determined the following subsequent event is required to be disclosed. Burtonsville Town Square The Company recently entered into an agreement to purchase for $75 million, plus approximately $1.3 million of acquisition costs, Burtonsville Town Square located in Burtonsville, Montgomery County, Maryland and has an earnest money deposit of $5 million at risk. Approximately $40 million of the purchase price will be funded through a new mortgage loan and the remainder will be funded through the Company’s revolving credit facility. The property is anchored by a Giant Food store and a CVS Pharmacy. The Company anticipates closing the acquisition and the loan on or before January 31, 2017.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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