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Subsequent Events
3 Months Ended
Mar. 31, 2017
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events

On April 5, 2017, the Company acquired the property known as Division Center, located in Portland, Oregon, for a purchase price of approximately $33.0 million. Division Center is approximately 122,000 square feet and is anchored by Grocery Outlet Supermarket, Rite Aid Pharmacy and Crunch Fitness. The property was acquired with borrowings under the credit facility.

On April 25, 2017, ROIC’s board of directors declared a cash dividend on its common stock and a distribution on the Operating Partnership’s OP Units of $0.1875 per share and per OP Unit, payable on June 29, 2017 to holders of record on June 15, 2017.