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Schedule of Purchase Price Allocation (Detail) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Aug. 31, 2014
Business Acquisition [Line Items]        
Land and land improvements $ 3,283 $ 91,419    
Buildings and building improvements 20,142 702,611    
Furniture, fixtures and equipment   11,746    
Intangibles [1] 5,163 86,601    
Other liabilities   (5,175)    
Liabilities assumed   (6,905)    
Assumed mortgage note payable [2]   (6,976)    
Net assets acquired 28,588 873,321    
Contingent purchase price consideration (3,566) (6,481)    
Total purchase price consideration $ 28,588 $ 866,840    
Montecito Joint Venture        
Business Acquisition [Line Items]        
Land and land improvements       $ 6,324
Buildings and building improvements       13,533
Intangibles [3]       2,691
Other liabilities       (175)
Assumed mortgage note payable [4]       (12,331)
Net assets acquired     $ 10,129 10,129
Working capital, net       $ 87
[1] At the acquisition date, the weighted-average amortization period on the acquired lease intangibles for the years ended December 31, 2016 and 2015 were approximately 20.0 and 7.7 years, respectively. The acquired lease intangibles during the year ended December 31, 2016 were comprised of approximately $5.1 million and $0.1 million of in-place lease intangibles and other lease intangibles, respectively, and the acquired lease intangibles during the year ended December 31, 2015 were comprised of approximately $81.8 million and $4.8 million of in-place lease intangibles and other lease intangibles, respectively.
[2] During the year ended December 31, 2015, the Company assumed a discount on a below-market mortgage note payable assumed of approximately $0.2 million at the acquisition date.
[3] At the acquisition date, the weighted-average amortization period on the acquired lease intangibles was approximately 5.1 years and was comprised of approximately $1.9 million and $0.8 million of in-place lease intangibles and other lease intangibles, respectively.
[4] At the acquisition date, the fair value of the mortgage note payable assumed reflects an approximate $0.6 million discount on the below-market mortgage note payable assumed.