Real Estate Investments

3 Months Ended

Mar. 31, 2022


2.	Real Estate Investments

The following table details the shopping centers acquired or land acquired for development during the three months ended March 31, 2022. There were no such purchases during the three months ended March 31, 2021.


(in thousands)		Three months ended March 31, 2022
Date Purchased	Property Name	City/State	Property Type	Ownership	Purchase Price		Debt Assumed, Net of Discounts		Intangible Assets		Intangible Liabilities
3/1/2022	Glenwood Green	Old Bridge, NJ	Development	100%	$	11,000		—		—		—
3/25/2022	Naperville Plaza (1)	Naperville, IL	Operating	20%		52,380		22,074		4,336		814
3/31/2022	Island Village	Bainbridge Island, WA	Operating	100%		30,650		—		2,900		6,839
Total property acquisitions					$	94,030		22,074		7,236		7,653

(1)

This operating property was purchased through Columbia Regency Partners II, LLC, an unconsolidated Investment in real estate partnership, in which the Company owns 20%.

Subsequent to March 31, 2022, the Company completed the acquisition of the partner's 75% interest in four properties held in the RegCal partnership for $88.5 million, increasing the Company's ownership in such properties to 100%. Prior to the completion of the acquisition, the Company owned a 25% equity interest in the properties through an unconsolidated Investment in real estate partnership.