Acquired Properties (Tables)

3 Months Ended

Mar. 31, 2017

The following table reflects the multi-tenant retail assets acquired during the three months ended March 31, 2017.



Asset	Location	Acquisition Date	Gross Acquisition Price		Square Feet
Campus Marketplace	San Marcos, CA	1/6/2017	$	73,350	144,000
Paraiso Parc and Westfork Plaza	Pembroke Pines, FL	2/1/2017	163,000		369,000
The Shops at Town Center	Germantown, MD	2/21/2017	53,550		125,000
			$	289,900	638,000

The following table summarizes the estimated fair value of the multi-tenant retail assets acquired and liabilities assumed for the three months ended March 31, 2017, as listed above.



	2017 Acquisitions
Land	$	75,194
Building and other improvements	181,389
Total investment properties	256,583
Intangible assets (a)	25,193
Intangible liabilities (b)	(8,516		)
Net other assets and liabilities	16,640
Total fair value of assets acquired and liabilities assumed	$	289,900


(a)	Intangible assets include in-place leases, above market leases, tenant improvement allowance and leasing commissions.


(b)	Intangible liabilities include below market leases.