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Acquisitions | 12 Months Ended
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Dec. 31, 2019
Business Combinations [Abstract] |
Acquisitions |
5. | Acquisitions
In 2019 and 2018, the Company acquired the following shopping centers (in millions):
Asset |  | Location |  | Date Acquired |  | Purchase Price |
Vintage Plaza |  | Austin, TX |  | October 2019 |  | $ | 12.6 |
The Blocks |  | Portland, OR |  | November 2019 |  |  | 50.5 |
Southtown Center |  | Tampa, FL |  | December 2019 |  |  | 22.0 |
Sharon Greens |  | Cumming, GA |  | November 2018 |  | $ | 13.4 |
Melbourne Shopping Center |  | Melbourne, FL |  | November 2018 |  |  | 11.4 |
Market Square |  | Douglasville, GA |  | December 2018 |  |  | 10.3 |
The fair value of acquisitions was allocated as follows (in thousands):
|  |  |  |  |  |  |  |  | Weighted-Average Amortization Period (in Years)
| 2019 |  |  | 2018 |  |  | 2019 | 2018
Land | $ | 23,589 |  |  | $ | 9,340 |  |  | N/A | N/A
Buildings |  | 55,604 |  |  |  | 20,661 |  |  | (A) | (A)
Tenant improvements |  | 1,578 |  |  |  | 370 |  |  | (A) | (A)
In-place leases (including lease origination costs and fair market value of leases) |  | 6,543 |  |  |  | 4,517 |  |  | 5.1 | 3.7
Tenant relationships |  | — |  |  |  | 1,645 |  |  | N/A | 5.3
Other assets |  | 88 |  |  |  | 13 |  |  | N/A | N/A
|  | 87,402 |  |  |  | 36,546 |  |  |  |
Less: Mortgage debt assumed at fair value |  | (9,403 | ) |  |  | — |  |  | N/A | N/A
Less: Below-market leases |  | (1,982 | ) |  |  | (1,333 | ) |  | 12.6 | 12.7
Less: Other liabilities assumed |  | (394 | ) |  |  | (144 | ) |  | N/A | N/A
Net assets acquired | $ | 75,623 |  |  | $ | 35,069 |  |  |  |
(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 $1.1 million, $0.6 million and $6.9 million in total revenues from the date of acquisition through December 31, 2019, 2018 and 2017, respectively, for properties acquired during each of the respective years.

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- 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
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