3.	Acquisitions

In 2017 and 2016, the Company acquired the following shopping centers (in millions):

Asset	Location	Date Acquired	Purchase Price
3030 North Broadway	Chicago, IL	January 2017	$	81.0

Palm Valley Pavilions West	Phoenix, AZ	February 2016		60.5
Gresham Station	Portland, OR	September 2016		86.3

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

							Weighted-Average Amortization Period (in Years)
	2017			2016			2017		2016
Land	$	23,588		$	27,093		N/A		N/A
Buildings		35,659			99,034		(A)		(A)
Tenant improvements		8,565			4,385		(A)		(A)
In-place leases (including lease origination costs and fair market value of leases)		7,051			14,021			16.0		5.1
Tenant relationships		6,934			8,810			16.3		11.1
Other assets		419			146		N/A		N/A
		82,216			153,489
Less: Below-market leases		(1,872	)		(6,967	)		20.0		15.4
Less: Other liabilities assumed		(581	)		(547	)	N/A		N/A
Net assets acquired	$	79,763		$	145,975

(A)	Depreciated in accordance with the Company’s policy (Note 1).

Total consideration for the acquisitions was paid in cash. The costs related to the 2017 asset acquisition were capitalized to real estate assets in connection with the new accounting standard adopted on January 1, 2017 (Note 1). Total consideration for the 2016 asset acquisitions excludes $0.4 million of related transaction costs, which were expensed as incurred and included in Other Income (Expense), net in the Company’s consolidated statement of operations. Included in the Company’s consolidated statements of operations are $6.9 million, $6.8 million and $9.5 million in total revenues from the date of acquisition through December 31, 2017, 2016 and 2015, respectively, for the acquired properties.