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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2018
Business Combinations [Abstract]  
Schedule of Acquisition Cost of Shopping Centers

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).