| Schedule of acquisitions |
The following table reflects the retail properties acquired, accounted for as asset acquisitions, during the six months ended June 30, 2019: | | | | | | | | | | | | | Acquisition Date | | Property | | Metropolitan Statistical Area ("MSA")(a) | | Gross
Acquisition Price | | Square Feet | January 31, 2019 | | Commons at University Place | | Raleigh-Cary, NC | | $ | 23,250 |
| | 92,000 |
| March 20, 2019 | | Lakeside Winter Park and Lakeside Crossings | | Orlando-Kissimmee-Sanford, FL | | 63,500 |
| | 76,000 |
| April 30, 2019 | | Scofield Crossing (b) | | Austin-Round Rock, TX | | 3,000 |
| | 64,000 |
| May 7, 2019 | | Tomball Town Center Kroger | | Houston-The Woodlands-Sugar Land, TX | | 13,992 |
| | 74,000 |
| June 14, 2019 | | Sandy Plains Outparcel (c) | | Atlanta-Sandy Springs-Roswell, GA | | 2,900 |
| | 6,000 |
| June 28, 2019 | | Shoppes at Fairview | | Dallas-Fort Worth-Arlington, TX | | 36,000 |
| | 67,500 |
| | | | | | | $ | 142,642 |
| | 379,500 |
|
| | (a) | As defined by the United States Office of Management and Budget. |
| | (b) | The building and tenant improvements were acquired subject to an existing ground lease at the property. |
| | (c) | An adjacent outparcel to an existing property was acquired. |
The following table reflects the retail properties acquired, accounted for as asset acquisitions, during the six months ended June 30, 2018: | | | | | | | | | | | | | Acquisition Date | | Property | | MSA | | Gross
Acquisition Price | | Square Feet | May 16, 2018 | | PGA Plaza (a) | | Miami-Fort Lauderdale-West Palm Beach, FL | | $ | 88,000 |
| | 120,000 |
| May 30, 2018 | | Kennesaw Marketplace (a) | | Atlanta-Sandy Springs-Roswell, GA | | 64,300 |
| | 117,000 |
| | | | | | | $ | 152,300 |
| | 237,000 |
|
| | (a) | These acquisitions were made through two consolidated VIEs and were used to facilitate reverse like-kind exchanges under Section 1031 of the Internal Revenue Code of 1986, as amended ("Reverse 1031 Exchanges"). During the last quarter of 2018, the title of PGA Plaza and Kennesaw Marketplace transferred to the Company through the completions of an exchange and expiration of the 180-day waiting period, respectively. |
|
| Schedule of recognized identified assets acquired and liabilities assumed |
The following table summarizes the estimated fair value of the retail properties' assets acquired and liabilities assumed for the six months ended June 30, 2019 and June 30, 2018: | | | | | | | | | | 2019 Acquisitions | | 2018 Acquisitions | Land | $ | 28,846 |
| | $ | 21,629 |
| Building and other improvements | 98,653 |
| | 121,815 |
| Total investment properties | 127,499 |
| | 143,444 |
| Intangible assets (a) | 15,830 |
| | 13,500 |
| Intangible liabilities (b) | (2,131 | ) | | (4,956 | ) | Net other assets and liabilities | 151 |
| | 312 |
| Total fair value of assets acquired and liabilities assumed | $ | 141,349 |
| | $ | 152,300 |
|
| | (a) | Intangible assets include in-place leases and above-market leases. |
(b) Intangible liabilities include below-market leases.
|