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Acquisitions (Tables)

9 Months Ended

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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- References

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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

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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

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