XML 27 R12.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Acquisitions | 12 Months Ended
--- | ---
Dec. 31, 2018
Business Combinations [Abstract] |
Acquisitions |
5. | Acquisitions
In 2018, the Company acquired Sharon Greens in Cumming, GA, Melbourne Shopping Center in Melbourne, FL, and Market Square in Douglasville, GA, from two unconsolidated joint ventures (Note 3) for an aggregate purchase price of $35.1 million. In 2017, the Company acquired 3030 North Broadway in Chicago, IL, for a purchase price of $81.0 million. The fair value of acquisitions was allocated as follows (in thousands):
|  |  |  |  |  |  |  |  | Weighted-Average Amortization Period (in Years)
| 2018 |  |  | 2017 |  |  | 2018 | 2017
Land | $ | 9,340 |  |  | $ | 23,588 |  |  | N/A | N/A
Buildings |  | 20,661 |  |  |  | 35,659 |  |  | (A) | (A)
Tenant improvements |  | 370 |  |  |  | 8,565 |  |  | (A) | (A)
In-place leases (including lease origination costs and fair market value of leases) |  | 4,517 |  |  |  | 7,051 |  |  | 3.7 | 16.0
Tenant relationships |  | 1,645 |  |  |  | 6,934 |  |  | 5.3 | 16.3
Other assets |  | 13 |  |  |  | 419 |  |  | N/A | N/A
|  | 36,546 |  |  |  | 82,216 |  |  |  |
Less: Below-market leases |  | (1,333 | ) |  |  | (1,872 | ) |  | 12.7 | 20.0
Less: Other liabilities assumed |  | (144 | ) |  |  | (581 | ) |  | N/A | N/A
Net assets acquired | $ | 35,069 |  |  | $ | 79,763 |  |  |  |
(A) | Depreciated in accordance with the Company’s policy (Note 1).
The total consideration was paid in cash for these assets. Included in the Company’s consolidated statements of operations are $7.3 million, $6.9 million and $6.8 million in total revenues from the date of acquisition through December 31, 2018, 2017 and 2016, respectively, for the acquired properties.

X
- Definition The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI http://asc.fasb.org/topic&trid=2303972 + Details
Name: | us-gaap_BusinessCombinationDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration