Real Estate Investments

3 Months Ended

Mar. 31, 2018

The following real estate investment transactions have occurred during the three months ended March 31, 2018.

Property Asset Acquisitions

On February 23, 2018, the Company acquired the property known as Stadium Center located in Tacoma, Washington, within the Seattle metropolitan area, for an adjusted purchase price of approximately $19.3 million. Stadium Center is approximately 49,000 square feet and is anchored by Thriftway Supermarket. The property was acquired with borrowings under the credit facility and restricted cash that was previously held by a qualified intermediary for the acquisition of a replacement property in a tax-free exchange under Section 1031 of the Code.

Any reference to the number of properties and square footage are unaudited and outside the scope of the Company’s independent registered public accounting firm’s review of its financial statements in accordance with the standards of the United States Public Company Accounting Oversight Board.

The financial information set forth below summarizes the Company’s purchase price allocation for the properties acquired during the three months ended March 31, 2018 (in thousands).



	March 31, 2018
Assets
Land	$	3,867
Building and improvements	15,470
Assets acquired	$	19,337

The following table summarizes the operating results included in the Company’s historical consolidated statement of operations for the three months ended March 31, 2018, for the properties acquired during the three months ended March 31, 2018 (in thousands).



	Three Months Ended March 31, 2018
Statement of operations:
Revenues	$	145
Net income attributable to Retail Opportunity Investments Corp.	$	78