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Real Estate Investments (Tables)
12 Months Ended
Dec. 31, 2021
Real Estate [Abstract]  
Schedule of Business Acquisitions

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

 

(in thousands)

 

December 31, 2021

 

Date
Purchased

 

Property Name

 

City/State

 

Property
Type

 

Purchase
Price

 

 

Debt
Assumed,
Net of
Premiums

 

 

Intangible
Assets

 

 

Intangible
Liabilities

 

7/30/21

 

Willa Springs (1)

 

Winter Springs, FL

 

Operating

 

$

34,500

 

 

 

17,682

 

 

 

1,562

 

 

 

643

 

8/1/21

 

Dunwoody Hall (1)

 

Dunwoody, GA

 

Operating

 

 

32,000

 

 

 

14,612

 

 

 

2,255

 

 

 

973

 

8/1/21

 

Alden Bridge (1)

 

Woodlands, TX

 

Operating

 

 

43,000

 

 

 

27,529

 

 

 

3,198

 

 

 

2,308

 

8/1/21

 

Hasley Canyon Village (1)

 

Castaic, CA

 

Operating

 

 

31,000

 

 

 

16,941

 

 

 

2,037

 

 

 

 

8/1/21

 

Shiloh Springs (1)

 

Garland, TX

 

Operating

 

 

19,500

 

 

 

 

 

 

1,825

 

 

 

1,079

 

8/1/21

 

Bethany Park Place (1)

 

Allen, TX

 

Operating

 

 

18,000

 

 

 

10,800

 

 

 

996

 

 

 

1,732

 

8/1/21

 

Blossom Valley (1)

 

Mountain View, CA

 

Operating

 

 

44,000

 

 

 

23,611

 

 

 

2,895

 

 

 

732

 

11/18/21

 

Blakeney Shopping Center

 

Charlotte, NC

 

Operating

 

 

181,000

 

 

 

 

 

 

14,096

 

 

 

4,431

 

12/30/21

 

Valley Stream

 

Long Island, NY

 

Operating

 

 

48,000

 

 

 

 

 

 

21,505

 

 

 

1,675

 

12/30/21

 

East Meadow

 

Long Island, NY

 

Operating

 

 

38,000

 

 

 

 

 

 

6,521

 

 

 

1,197

 

12/30/21

 

Wading River

 

Long Island, NY

 

Operating

 

 

35,000

 

 

 

 

 

 

4,998

 

 

 

1,469

 

12/30/21

 

Eastport

 

Long Island, NY

 

Operating

 

 

9,000

 

 

 

 

 

 

1,366

 

 

 

498

 

Total property acquisitions

 

 

 

 

$

533,000

 

 

 

111,175

 

 

 

63,254

 

 

 

16,737

 

(1)
The purchase prices, presented above, reflect the price for 100% of each property which were part of the seven property USAA portfolio purchase. The basis allocated to Real estate assets was $192.9 million which is net of the Company's carryover basis related to its 20% previously owned equity interest in the partnership.

 

(in thousands)

 

December 31, 2020

 

Date
Purchased

 

Property Name

 

City/State

 

Property
Type

 

Purchase
Price

 

 

Debt
Assumed,
Net of
Premiums

 

 

Intangible
Assets

 

 

Intangible
Liabilities

 

1/1/20

 

Country Walk Plaza (1)

 

Miami, FL

 

Operating

 

$

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.