Property Acquisitions and Dispositions

Acquisitions

The following table provides a summary of our acquisitions for the nine months ended September 30, 2017:



					Gross
Property Name	Location	GLA (in thousands)	Acreage	Date Acquired	Purchase Price		Assumed Debt
					(In thousands)

Providence Marketplace	Mt. Juliet, TN	632	N/A	02/17/17	$	115,126	$	—
Webster Place	Chicago, IL	135	N/A	02/17/17	53,162		—
Total consolidated income producing acquisitions		767	—		$	168,288	$	—

Troy Marketplace - Outparcel	Troy, MI	N/A	0.4	08/24/17	$	901	$	—
Troy Marketplace - Outparcel	Troy, MI	N/A	0.4	06/30/17	175		$	—
Troy Marketplace - Outparcel	Troy, MI	N/A	0.5	01/17/17	475		—
Total consolidated land / outparcel acquisitions		—	1.3		$	1,551	$	—

Total Acquisitions		767	1.3		$	169,839	$	—

The aggregate fair value of our 2017 acquisitions through September 30, 2017, was allocated and is reflected in the following table.



	Allocated Fair Value
	(In thousands)
Land	$	52,132
Buildings and improvements	107,156
Above market leases	409
Lease origination costs	12,885
Other assets	3,899
Below market leases	(6,642		)
Net assets acquired	$	169,839

Total revenue and net income for the 2017 acquisitions included in our condensed consolidated statement of operations for the three and nine months ended September 30, 2017 were as follows:



	Three Months Ended September 30, 2017		Nine Months Ended September 30, 2017
	(In thousands)

Total revenue from 2017 acquisitions	$	3,862	$	9,477
Net income from 2017 acquisitions	$	687	$	1,674

Unaudited Proforma Information

If the 2017 acquisitions had occurred on January 1, 2016, our consolidated revenues and net income for the three and nine months ended September 30, 2017 and 2016 would have been as follows:



	Three Months Ended				Nine Months Ended
	September 30,				September 30, 2017
	2017		2016		2017		2016
	(In thousands)

Consolidated revenue	$	65,931	$	68,445	$	202,714	$	207,846
Consolidated net income available to common shareholders	$	27,258	$	12,366	$	43,346	$	49,235

Dispositions

The following table provides a summary of our disposition activity for the nine months ended September 30, 2017:



					Gross
Property Name	Location	GLA	Acreage	Date Sold	Sales Price		Gain on Sale
		(In thousands)			(In thousands)

Hoover Eleven	Warren, MI	281	N/A	09/29/17	$	20,350	$	—
Auburn Mile - Aqua Tots	Auburn Hills, MI	5	N/A	08/25/17	1,000		123
New Towne Plaza	Canton Township, MI	193	N/A	08/04/17	26,000		15,899
Clinton Valley	Sterling Heights, MI	205	N/A	08/01/17	23,500		7,168
Roseville Towne Center	Roseville, MI	77	N/A	07/24/17	10,250		(291		)
Gaines Marketplace	Caledonia, MI	60	N/A	07/07/17	9,500		690
Walgreen's Data Center	Mount Prospect, IL	73	N/A	07/07/17	6,200		252
Auburn Mile	Auburn Hills, MI	91	N/A	03/17/17	13,311		7,005
Oak Brook Square	Flint, MI	152	N/A	02/10/17	14,200		4,185
Total income producing dispositions		1,137	—		$	124,311	$	35,031

River City Marketplace - Outparcel	Jacksonville, FL	N/A	0.9	09/29/17	$	360	$	63
Hartland - Outparcel	Hartland, MI	N/A	1.6	08/04/17	550		148
River City Marketplace	Jacksonville, FL	N/A	1.4	07/27/17	675		493
Lakeland Park Center - Outparcel	Lakeland, FL	N/A	1.8	03/31/17	1,305		185
Total outparcel dispositions		—	5.7		$	2,890	$	889

Total consolidated dispositions		1,137	5.7		$	127,201	$	35,920