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Acquisitions (Tables) | 9 Months Ended
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Sep. 30, 2023
Business Combinations [Abstract] |
Schedule of Company Acquired Convenience Centers | During the nine months ended September 30, 2023, the Company acquired the following convenience 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 |
Barrett Corners |  | Atlanta, Georgia |  | April 2023 |  |  | 15.6 |
Alpha Soda Center |  | Atlanta, Georgia |  | May 2023 |  |  | 9.4 |
Briarcroft Center |  | Houston, Texas |  | May 2023 |  |  | 23.5 |
Towne Crossing Shops |  | Richmond, Virginia |  | July 2023 |  |  | 4.2 |
Oaks at Slaughter |  | Austin, Texas |  | August 2023 |  |  | 14.1 |
Marketplace at 249 |  | Houston, Texas |  | September 2023 |  |  | 9.8 |
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 | $ | 35,608 |  |  | N/A
Buildings |  | 58,388 |  |  | (A)
Tenant improvements |  | 2,502 |  |  | (A)
In-place leases (including lease origination costs and fair market value of leases) |  | 10,425 |  |  | 7.1
|  | 106,923 |  |  |
Less: Below-market leases |  | (4,181 | ) |  | 14.6
Less: Other liabilities assumed |  | (647 | ) |  | N/A
Net assets acquired | $ | 102,095 |  |  |
(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 -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1 + Details
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