XML 28 R12.htm IDEA: XBRL DOCUMENT v3.20.2
Real Estate Investments
6 Months Ended
Jun. 30, 2020
Business Combinations [Abstract]  
Real Estate Investments

 

2.

Real Estate Investments

The following tables detail consolidated shopping centers acquired or land acquired for development or redevelopment for the periods set forth below:

 

(in thousands)

 

Six months ended June 30, 2020

 

Date Purchased

 

Property Name

 

City/State

 

Property Type

 

Ownership

 

 

Purchase

Price

 

 

Debt

Assumed,

Net of

Premiums

 

 

Intangible

Assets

 

 

Intangible

Liabilities

 

1/1/20

 

Country Walk Plaza (1)

 

Miami, FL

 

Operating

 

100%

 

 

$

39,625

 

 

 

16,359

 

 

 

3,294

 

 

 

2,452

 

 

(1)

The purchase price presented above reflects the purchase price for 100% of the property, of which the Company previously owned a 30% equity interest prior to acquiring the other partner’s interest and gaining control.  

 

(in thousands)

 

Six months ended June 30, 2019

 

Date Purchased

 

Property Name

 

City/State

 

Property Type

 

Ownership

 

 

Purchase

Price

 

 

Debt

Assumed,

Net of

Premiums

 

 

Intangible

Assets

 

 

Intangible

Liabilities

 

1/8/19

 

Pablo Plaza (1)

 

Jacksonville, FL

 

Operating

 

100%

 

 

$

600

 

 

 

 

 

 

 

 

 

 

2/8/19

 

Melrose Market

 

Seattle, WA

 

Operating

 

100%

 

 

 

15,515

 

 

 

 

 

 

941

 

 

 

358

 

6/18/19

 

The Field at Commonwealth Ph II (2)

 

Chantilly, VA

 

Development

 

100%

 

 

 

4,083

 

 

 

 

 

 

 

 

 

 

6/21/19

 

Culver Public Market

 

Culver City, CA

 

Development

 

100%

 

 

 

1,279

 

 

 

 

 

 

 

 

 

 

6/28/19

 

6401 Roosevelt

 

Seattle, WA

 

Operating

 

100%

 

 

 

3,550

 

 

 

 

 

 

 

 

 

 

Total property acquisitions

 

 

 

 

 

 

 

 

 

$

25,027

 

 

 

 

 

 

941

 

 

 

358

 

 

(1)

The Company purchased a 0.17 acre land parcel adjacent to the Company's existing operating Pablo Plaza for redevelopment.

 

(2)

The Company purchased The Field at Commonwealth Ph II, which is land adjacent to an existing operating property, for future development.