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Acquisitions | 3 Months Ended
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Mar. 31, 2023
Business Combinations [Abstract] |
Acquisitions | 3. Acquisitions During the three months ended March 31, 2023, the Company acquired the following shopping centers (in millions):
Asset |  | Location |  | Date Acquired |  | Purchase Price |
Parker Keystone |  | Denver, Colorado |  | January 2023 |  | $ | 11.0 |
Foxtail Center |  | Baltimore, Maryland |  | January 2023 |  |  | 15.1 |
The fair value of the acquisitions above was allocated as follows (in thousands):
|  |  |  | Weighted-Average Amortization Period (in Years)
Land | $ | 6,860 |  |  | N/A
Buildings |  | 17,188 |  |  | (A)
Tenant improvements |  | 574 |  |  | (A)
In-place leases (including lease origination costs and fair market value of leases) |  | 2,548 |  |  | 6.6
|  | 27,170 |  |  |
Less: Below-market leases |  | (600 | ) |  | 10.5
Less: Other liabilities assumed |  | (67 | ) |  | N/A
Net assets acquired | $ | 26,503 |  |  |
(A) Depreciated in accordance with the Company’s policy. The total consideration for these assets was paid in cash. Included in the Company’s consolidated statements of operations for the three months ended March 31, 2023, was $0.6 million in total revenues from the date of acquisition through March 31, 2023, for the properties acquired in 2023.

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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 https://asc.fasb.org/topic&trid=2303972 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 5 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4946-128472 + Details
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- References No definition available. + Details
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