Acquired Properties (Tables)

6 Months Ended

Jun. 30, 2019

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.