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Subsequent Events
3 Months Ended
Mar. 31, 2024
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
On April 4, 2024 the Company acquired the property known as Bressi Ranch Village Center for a purchase price of approximately $70.1 million. The property is approximately 116,000 square feet and is anchored by two supermarkets, Trader Joe’s and Stater Brothers Supermarket. The shopping center is part of a master-planned community, located in Carlsbad, California, within the San Diego metropolitan area. The property was acquired with cash on hand and borrowings under the credit facility.

On April 5, 2024, the Company repaid in full the mortgage note related to Fullerton Crossroads for a total of $26.0 million in accordance with the repayment provisions of the note.

On April 23, 2024, the Company’s board of directors declared a cash dividend on its common stock and a distribution on the Operating Partnership’s OP Units of $0.15 per share and per OP Unit, payable on July 10, 2024 to holders of record on June 14, 2024.