Investments in Real Estate (Tables)

3 Months Ended

Mar. 31, 2017

Investments [Abstract]

Schedule of Purchase Price Allocation

The allocations for these investments are set forth below in the aggregate for the three months ended March 31, 2017 and 2016, respectively (in thousands):

	Three Months Ended March 31,
	2017			2016
Land	$	4,934		$	17,315
Building and improvements	29,762			128,945
In place leases	3,185			15,919
Below market leases	(65		)	(5,382		)
Above market leases	—			840
Below market leasehold interests	—			1,099
Above market leasehold interests	—			(50		)
Net assets acquired	37,816			158,686
Other, net	1,230			3,321
Aggregate purchase price	$	39,046		$	162,007

Schedule of Weighted Average Lives of Acquired Intangible Assets and Liabilities

The acquired intangible assets and liabilities referenced above had weighted average lives of the following for the three months ended March 31, 2017 and 2016, respectively (in years):

	Three Months Ended March 31,
	2017	2016
Acquired intangible assets	11.3	10.5
Acquired intangible liabilities	10.2	8.9