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Acquisitions (Tables)

12 Months Ended

Dec. 31, 2019

Business Combinations [Abstract]

Schedule of Company Acquired Shopping Centers

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

Schedule of Acquisition Cost of Shopping Centers

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).

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- Definition

Schedule of business acquisitions acquired by company.

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=116869197&loc=d3e4845-128472

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