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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2024
Business Combinations [Abstract]  
Schedule of Acquisition Cost of Shopping Centers

The fair value of the acquisitions not considered discontinued operations was allocated as follows (in thousands):

 

 

 

 

Weighted-Average
Amortization Period
(in Years)

 

2024

 

 

2024

Land

$

11,171

 

 

N/A

Buildings

 

6,378

 

 

(A)

Tenant improvements

 

241

 

 

(A)

In-place leases (including lease origination costs and fair
   market value of leases)

 

2,363

 

 

11.7

Other assets assumed

 

25

 

 

N/A

 

 

20,178

 

 

 

Less: Below-market leases

 

(1,339

)

 

20.0

Less: Other liabilities assumed

 

(143

)

 

N/A

Net assets acquired

$

18,696

 

 

 

(A)
Depreciated in accordance with the Company’s policy (Note 1).
Consideration

 

2024

 

 

Consideration:

 

 

 

Cash (including debt repaid at closing)

$

15,170

 

 

Gain on Change in Control of Interests

 

1,067

 

 

Carrying value of previously held equity interest

 

2,459

 

 

Total consideration

$

18,696