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Acquired Properties (Tables)
12 Months Ended
Dec. 31, 2019
Asset Acquisition [Abstract]  
Schedule of Acquisitions
The following table reflects the retail properties acquired, accounted for as asset acquisitions, during the year ended December 31, 2019:
Acquisition Date
 
Property
 
Metropolitan Area
 
Gross
Acquisition Price
 
Square Feet
January 31, 2019
 
Commons at University Place
 
Raleigh
 
$
23,250

 
92,000
March 20, 2019
 
Lakeside Winter Park and Lakeside Crossings
 
Orlando
 
63,500

 
76,000
April 30, 2019
 
Scofield Crossing (a)
 
Austin
 
3,000

 
64,000
May 7, 2019
 
Tomball Town Center Kroger
 
Houston
 
13,992

 
74,000
June 14, 2019
 
Sandy Plains Outparcel (b)
 
Atlanta
 
2,900

 
6,000
June 28, 2019
 
Shops at Fairview Town Center
 
Dallas
 
36,000

 
67,500
July 11, 2019
 
Southern Palm Crossing (c)
 
Miami
 
96,750

 
346,200
September 9, 2019
 
Travilah Square
 
Washington, D.C.
 
52,272

 
58,300
September 13, 2019
 
Eldorado Marketplace
 
Dallas
 
70,850

 
189,500
September 27, 2019
 
Garden Village Outparcel (b)
 
Los Angeles
 
3,250

 
3,900
 
 
 
 
 
 
$
365,764

 
977,400
(a)
The building and tenant improvements acquired were subject to an existing ground lease at the property.
(b)
The assets, liabilities and operations of the outparcels acquired are combined for presentation purposes with retail properties already owned by the Company.
(c)
This acquisition was made through a consolidated VIE and was used to facilitate a Reverse 1031 Exchange. During the third quarter of 2019, the title of Southern Palm Crossing transferred to the Company through the completion of an exchange with the dispositions of West Creek and Boynton Commons.
The following table reflects the retail properties acquired, accounted for as asset acquisitions, during the year ended December 31, 2018:
Acquisition Date
 
Property
 
Metropolitan Area
 
Gross
Acquisition Price
 
Square Feet
May 16, 2018
 
PGA Plaza (a)
 
Miami
 
$
88,000

 
120,000
May 30, 2018
 
Kennesaw Marketplace (a)
 
Atlanta
 
64,300

 
117,000
September 13, 2018
 
Kennesaw Marketplace, Phase 3
 
Atlanta
 
7,500

 
13,000
December 13, 2018
 
Peachland Promenade, Phase 2
 
Fort Myers
 
18,700

 
95,000
December 21, 2018
 
Sandy Plains Centre (a)
 
Atlanta
 
44,100

 
125,000
 
 

 
 
 
$
222,600

 
470,000

(a)
These acquisitions were made through three consolidated VIEs and were used to facilitate Reverse 1031 Exchanges. During the fourth quarter of 2018, the title of PGA Plaza and Kennesaw Marketplace transferred to the Company through the completion of an exchange and expiration of the 180-day waiting period, respectively. During the second quarter of 2019, the title of Sandy Plains Centre transferred to the Company through the expiration of the 180-day waiting period.