Acquisitions and Dispositions (Tables)

3 Months Ended

Mar. 31, 2019

Business Combinations [Abstract]

Schedule of preliminary purchase price allocations of assets acquired and liabilities assumed

The following table summarizes the acquisition date fair values of the assets acquired and the liabilities assumed, which the Company determined using Level 2 and Level 3 inputs (in thousands):

Building and improvements	$	7,587
In-place lease intangibles	434
Mortgage escrow	(3,718		)
Net assets acquired	$	4,303

Real estate held for sale

In accordance with this classification, the following assets are classified as held for sale in the accompanying consolidated balance sheets at March 31, 2019:

Land and improvements	$	711
Building and improvements	9,978
In-place lease intangibles	148
Other assets	211
Real estate held for sale before accumulated depreciation	11,048
Accumulated depreciation	(2,010		)
Real estate held for sale	$	9,038