Acquisitions (Tables)

3 Months Ended

Mar. 31, 2015

Schedule of Acquisition Cost of Shopping Centers

The fair value of the acquisition was allocated as follows (in thousands):

				Weighted-Average Amortization Period (in Years)
Land	$	27,268		N/A
Buildings		21,086		(A)
Tenant improvements		204		(A)
In-place leases (including lease origination costs and fair market value of leases)		2,483		6.1
Tenant relations		1,724		10.8
Other assets		277		N/A
		53,042
Less: Mortgage debt assumed at fair value		(33,735	)	N/A
Less: Below-market leases		(3,526	)	19.4
Less: Other liabilities assumed		(101	)	N/A
Net assets acquired	$	15,680

(A)	Depreciated in accordance with the Company’s policy.

Consideration

Consideration:
Gain on Change in Control of Interests	$	14,279
Carrying value of previously held equity interest		1,401
Total consideration	$	15,680

Unaudited Supplemental to Pro Forma Operating Data

The following unaudited supplemental pro forma operating data is presented for the three-month period ended March 31, 2014, as if the acquisition of the interests in the properties acquired in 2015 and 2014 were completed on January 1, 2014. The Gain on Change in Control of Interests related to the acquisitions from unconsolidated joint ventures was adjusted to the assumed acquisition date. The unaudited supplemental pro forma operating data is not necessarily indicative of what the actual results of operations of the Company would have been assuming the transactions had been completed as set forth above, nor do they purport to represent the Company’s results of operations for future periods (in thousands, except per share amounts):

	Three-Month Period Ended March 31, 2014 (Unaudited)
Pro forma revenues	$	255,367
Pro forma loss from continuing operations	$	(8,478	)
Pro forma net loss attributable to common shareholders	$	(11,426	)
Basic earnings per share data:
Net loss attributable to common shareholders	$	(0.03	)
Diluted earnings per share data:
Net loss attributable to common shareholders	$	(0.03	)