ACQUISITIONS AND DISPOSITIONS (Tables)

12 Months Ended

Dec. 31, 2019

ACQUISITIONS AND DISPOSITIONS

Schedule of Asset Acquisitions

The following table summarizes the accounting of the purchase price using the income approach:

Asset Acquisition Date Fair Value ($ in thousands)	The Woodlands Towers at The Waterway		The Woodlands Warehouse		Waterway Land		Century Park		Total
Building	$	377,308	$	4,198	$	—	$	24,585	$	406,091
Tenant improvements	58,869		—		—		—		58,869
In-place leases	49,511		1,410		—		—		50,921
Land	11,044		4,480		11,511		19,816		46,851
Leasing commission	18,599		720		—		—		19,319
Site Improvements	1,384		190		—		667		2,241
Legal and marketing costs	16		3		—		—		19
Total (a)	$	516,731	$	11,001	$	11,511	$	45,068	$	584,311

(a)

Total is inclusive of the asset acquisition price as well as leasing commission paid at closing.

Schedule of purchase price

The following table summarizes the accounting of the purchase price:

Asset ($ in millions)	Acquisition Date Fair Value
Building	$	38,213
Land	3,069
Improvements	957
Furniture, fixtures and equipment	590
In-place leases	714
Other identifiable assets	18
Total	$	43,561