Real Estate (Tables)

12 Months Ended

Dec. 31, 2019

Real Estate [Abstract]

Schedule of Construction in Progress

The following table shows the components of construction in progress.

	December 31,
(in thousands)	2019		2018
The Waycroft	$	255,443	$	162,176
7316 Wisconsin Avenue	44,638		—
Ashbrook Marketplace	19,128		11,124
Other	16,435		12,672
Total	$	335,644	$	185,972

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

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

(in thousands)	Ashbrook Marketplace		7316 Wisconsin Avenue			Total
Land	$	8,776	$	38,662		$	47,438
Buildings	—		979			979
In-place Leases	—		886			886
Above Market Rent	—		168			168
Below Market Rent	—		(21		)	(21		)
Total Purchase Price	$	8,776	$	40,674		$	49,450

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

As of December 31, 2019, 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
2020	$	708	$	43	$	1,434
2021	535		33		1,409
2022	383		33		1,306
2023	317		33		1,297
2024	198		33		878
Thereafter	996		343		3,853
Total	$	3,137	$	518	$	10,177