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Acquisitions (Tables) | 9 Months Ended
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Sep. 30, 2016
Business Combinations [Abstract] |
Schedule of Business Acquisitions | In the nine months ended September 30, 2016, the Company acquired the following shopping centers (in millions):
Location |  | Date Acquired |  | Purchase Price |
Phoenix, AZ |  | February 2016 |  | $ | 60.5 |
Portland, OR |  | September 2016 |  |  | 86.3 |
Schedule of Acquisition Cost of Shopping Centers | The fair value of the acquisitions was allocated as follows (in thousands):
|  |  |  |  | Weighted-Average Amortization Period (in Years) |
Land | $ | 27,093 |  |  | N/A |
Buildings |  | 99,034 |  |  | (A) |
Tenant improvements |  | 4,385 |  |  | (A) |
In-place leases (including lease origination costs and fair market value of leases) |  | 14,021 |  |  |  | 5.1 |
Tenant relations |  | 8,810 |  |  |  | 11.1 |
Other assets |  | 146 |  |  | N/A |
|  | 153,489 |  |  |  |  |
Less: Below-market leases |  | (6,967 | ) |  |  | 15.4 |
Less: Other liabilities assumed |  | (547 | ) |  | N/A |
Net assets acquired | $ | 145,975 |  |  |  |  |
(A) | Depreciated in accordance with the Company’s policy.

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1486-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=73530397&loc=d3e4845-128472 + Details
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