Real Estate Acquired (Tables)

12 Months Ended

Dec. 31, 2017

Real Estate [Abstract]

Allocation of purchase prices to acquired assets and liabilities

The purchase price was allocated to the assets acquired and liabilities assumed based on their fair value as shown in the following table.

(in thousands)	700 N. Glebe Road		Thruway Pad			Total
Land	$	7,236	$	2,196		$	9,432
Buildings	—		874			874
In-place Leases	—		93			93
Above Market Rent	—		—			—
Below Market Rent	—		(63		)	(63		)
Total Purchase Price	$	7,236	$	3,100		$	10,336

Amortization of intangible assets and deferred income related to in place leases

As of December 31, 2017, 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
2018	$	982	$	33	$	1,652
2019	780		33		1,515
2020	653		33		1,433
2021	530		33		1,409
2022	390		33		1,306
Thereafter	1,547		409		6,029
Total	$	4,882	$	574	$	13,344