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Acquisitions | 12 Months Ended
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Dec. 31, 2024
Business Combinations [Abstract] |
Acquisitions | 2. Acquisitions In 2024, the Company acquired a land parcel and 16 shopping centers for an aggregate purchase price of $237.9 million in Arizona, California, Colorado, Florida, Georgia, Illinois, North Carolina, Ohio, Tennessee and Texas. All acquisitions, except two shopping centers and the land parcel, were included in the Curbline spin-off and are included in discontinued operations (Note 12). In 2023, the Company acquired 12 convenience centers for an aggregate purchase price of $165.1 million in Arizona, Colorado, Florida, Georgia, Maryland, North Carolina, Texas and Virginia. All of these convenience centers are included in the discontinued operations (Note 12). 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).
| 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 |  |
Included in the Company’s consolidated statements of operations are $1.3 million, none and $3.5 million in total revenues from the date of acquisition through December 31, 2024, 2023 and 2022, re spectively, for properties acquired during each of the respective years.

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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://www.xbrl.org/2003/role/disclosureRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-5 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/805/tableOfContent + Details
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