The following real estate investment transactions occurred during the year ended December 31, 2021.

The Company evaluated the following acquisitions and determined that substantially all of the fair value related to each of the acquisitions were concentrated in single identifiable assets. The Company allocated the total consideration for the acquisitions to the individual assets and liabilities acquired on a relative fair value basis. All transaction costs incurred in the acquisitions were capitalized.

On September 1, 2021, the Company acquired the property known as Canyon Creek Plaza, a shopping center located in San Jose, California for an adjusted purchase price of approximately $28.1 million. Canyon Creek Plaza is approximately 65,000 square feet and is anchored by New Seasons Market. The property was acquired with cash on hand.

On October 12, 2021, the Company acquired the property known as Palomar Village, located in Temecula, California, within the greater San Diego metropolitan area, for an adjusted purchase price of approximately $32.6 million. Palomar Village is approximately 125,000 square feet and is anchored by Albertsons Supermarket and CVS Pharmacy. The property was acquired with cash on hand.

On November 10, 2021, the Company acquired the property known as South Point Plaza, a shopping center located in Everett, Washington, within the greater Seattle metropolitan area, for an adjusted purchase price of approximately $37.6 million. South Point Plaza is approximately 190,000 square feet and is anchored by Grocery Outlet, Rite Aid Pharmacy, Hobby Lobby and Pep Boys. The property was acquired with cash on hand.

On December 6, 2021, the Company acquired the property known as Olympia West Center, a shopping center located in Olympia, Washington, within the greater Seattle metropolitan market, for an adjusted purchase price of approximately $24.9 million. Olympia West Center is approximately 69,000 square feet and is anchored by Trader Joe’s and Petco. The property was acquired with cash on hand.

Additionally, during the year ended December 31, 2021, the Company acquired a single tenant parcel contiguous to one of its existing shopping centers located in Pinole, California, within the San Francisco metropolitan area, for a purchase price of approximately $2.3 million.

The financial information set forth below summarizes the Company’s purchase price allocation for property assets acquired during the year ended December 31, 2021 (in thousands):


	December 31, 2021
Assets
Land	$	46,958
Building and improvements	89,147
Acquired lease intangible asset	7,697
Deferred charges	3,873
Assets acquired	$	147,675

Liabilities

Acquired lease intangible liability	22,185
Liabilities assumed	$	22,185

The following table summarizes the operating results included in the Company’s historical consolidated statement of operations for the year ended December 31, 2021, for property assets acquired during the year ended December 31, 2021 (in thousands):


	Year Ended
	December 31, 2021
Statement of operations:
Revenues	$	2,211
Net income attributable to Retail Opportunity Investments Corp.	$	587

On April 21, 2021, the Company sold Euclid Shopping Center, a shopping center located in San Diego, California. The sales price of $25.8 million, less costs to sell, resulted in net proceeds of approximately $25.3 million. The Company recorded a gain on sale of real estate of approximately $9.5 million during the year ended December 31, 2021 related to this property disposition.

On August 12, 2021, the Company sold Green Valley Station, a shopping center located in Sacramento, California. The sales price of approximately $15.1 million, less costs to sell, resulted in net proceeds of approximately $14.4 million. The Company recorded a gain on sale of real estate of approximately $5.5 million during the year ended December 31, 2021 related to this property disposition.

On September 28, 2021, the Company sold Mills Shopping Center, a shopping center located in Sacramento, California. The sales price of approximately $28.8 million, less costs to sell, resulted in net proceeds of approximately $28.4 million. The Company recorded a gain on sale of real estate of approximately $7.4 million during the year ended December 31, 2021 related to this property disposition.

The Company did not have any real estate investment transactions during the year ended December 31, 2020.

Any reference to square footage or occupancy is unaudited and outside the scope of our independent registered public accounting firm’s audit of the Company’s financial statements in accordance with the standards of the United States Public Company Accounting Oversight Board.