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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2024
Business Combinations [Abstract] |
Schedule of Acquisition Cost of Shopping Centers | The fair value of the acquisitions not considered discontinued operations was allocated as follows (in thousands):
|  |  |  | Weighted-Average Amortization Period (in Years)
| 2024 |  |  | 2024
Land | $ | 11,171 |  |  | N/A
Buildings |  | 6,378 |  |  | (A)
Tenant improvements |  | 241 |  |  | (A)
In-place leases (including lease origination costs and fair market value of leases) |  | 2,363 |  |  | 11.7
Other assets assumed |  | 25 |  |  | N/A
|  | 20,178 |  |  |
Less: Below-market leases |  | (1,339 | ) |  | 20.0
Less: Other liabilities assumed |  | (143 | ) |  | N/A
Net assets acquired | $ | 18,696 |  |  |
(A) Depreciated in accordance with the Company’s policy (Note 1).
Consideration |
| 2024 |  |
Consideration: |  |  |
Cash (including debt repaid at closing) | $ | 15,170 |  |
Gain on Change in Control of Interests |  | 1,067 |  |
Carrying value of previously held equity interest |  | 2,459 |  |
Total consideration | $ | 18,696 |  |

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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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