Acquisitions (Tables)

6 Months Ended

Jun. 30, 2023

Business Combinations [Abstract]

Schedule of Company Acquired Shopping Centers

During the six months ended June 30, 2023, the Company acquired the following shopping centers (in millions):

Asset	Location	Date Acquired	Purchase Price
Parker Keystone	Denver, Colorado	January 2023	$	11.0
Foxtail Center	Baltimore, Maryland	January 2023		15.1
Barrett Corners	Atlanta, Georgia	April 2023		15.6
Alpha Soda Center	Atlanta, Georgia	May 2023		9.4
Briarcroft Center	Houston, Texas	May 2023		23.5

Schedule of Acquisition Cost of Shopping Centers

The fair value of the acquisitions above was allocated as follows (in thousands):

				Weighted-Average Amortization Period (in Years)
Land	$	27,351		N/A
Buildings		40,815		(A)
Tenant improvements		1,774		(A)
In-place leases (including lease origination costs and fair market value of leases)		7,073		6.9
		77,013
Less: Below-market leases		(1,882	)	14.0
Less: Other liabilities assumed		(348	)	N/A
Net assets acquired	$	74,783

(A)Depreciated in accordance with the Company’s policy.