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Acquisitions (Tables) | 3 Months Ended
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Mar. 31, 2023
Business Combinations [Abstract] |
Schedule of Company Acquired Shopping Centers | 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 |
Schedule of Acquisition Cost of Shopping Centers | 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.

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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 https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
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