Real Estate Acquisitions (Tables)

3 Months Ended

Mar. 31, 2017

Business Combinations [Abstract]

Schedule of assets acquired and liabilities assumed

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed in the property acquisitions during the first quarter of 2017.

	Estimated Fair Value			Estimated Useful Life
	(In thousands)			(In years)
Land	$	3,592
Buildings	21,964			20 - 40
Intangibles:
At-market lease intangibles	4,144			1.4 - 4.2
Total intangibles	4,144
Accounts receivable and other assets assumed	16
Accounts payable, accrued liabilities and other liabilities assumed (1)	(192		)
Prorated rent, interest and operating expense reimbursement amounts collected	(213		)
Total cash consideration	$	29,311
(1) Includes security deposits and tenant improvement allowances received.