Real Estate Acquired (Tables)

12 Months Ended

Dec. 31, 2013

Real Estate [Abstract]

Allocation of Purchase Prices to Acquired Assets and Liabilities

The allocation of the purchase prices for Severna Park MarketPlace, Kentlands Square II, and Cranberry Square to the acquired assets and liabilities based on their fair values was as follows:

(In thousands)	Kentlands Square II			Severna Park MarketPlace			Cranberry Square			Three Property Total
Land	$	20,500		$	12,700		$	6,700		$	39,900
Buildings	51,973			50,554			24,878			127,405
In-Place Leases	2,697			2,433			1,499			6,629
Above Market Rents	6			4			18			28
Below Market Rents	(676		)	(4,691		)	(95		)	(5,462		)
Total Purchase Price	$	74,500		$	61,000		$	33,000		$	168,500

Amortization of Intangible Assets and Deferred Income Related to in Place Leases

As of December 31, 2013, scheduled amortization of intangible assets and deferred income related to in place leases is as follows:

(In thousands)	Lease acquisition costs		Above market leases		Below market leases
2014	$	1,066	$	21	$	1,458
2015	721		2		1,203
2016	566		3		1,095
2017	517		1		1,072
2018	480		1		1,044
Thereafter	1,926		—		8,893
Total	$	5,276	$	28	$	14,765