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Acquisitions (Tables)

9 Months Ended

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

Schedule of business acquisitions acquired by company.

+ References

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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

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