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Real Estate Investments Real Estate Investments (Tables)
6 Months Ended
Jun. 30, 2015
Business Combinations [Abstract]  
Schedule of business acquisitions
he following table details the shopping centers acquired or land acquired for development during the six months ended June 30, 2014:
(in thousands)
 
Six months ended June 30, 2014
Date Purchased
 
Property Name
 
City/State
 
Property Type
 
Ownership
 
Purchase Price
 
Debt Assumed, Net of Premiums
 
Intangible Assets
 
Intangible Liabilities
1/31/14
 
Persimmon Place
 
Dublin, CA
 
Development
 
100%
 
$14,200
 
 
 
2/14/14
 
Shops at Mira Vista
 
Austin, TX
 
Operating
 
100%
 
22,500
 
319
 
2,329
 
291
3/7/14
 
Fairfield Portfolio (1)
 
Fairfield, CT
 
Operating
 
80%
 
149,344
 
77,730
 
12,650
 
5,601
6/2/14
 
Willow Oaks Crossing
 
Concord, NC
 
Development
 
100%
 
3,342
 
 
 
Total property acquisitions
 
 
 
 
 
$189,386
 
$78,049
 
$14,979
 
$5,892

(1) On March 7, 2014, the Company acquired an 80% controlling interest in the Fairfield Portfolio. As a result of consolidation, the Company recorded the non-controlling interest of approximately $15.4 million at fair value. The portfolio consists of three operating properties located in Fairfield, CT.