ACQUISITIONS AND DISPOSITIONS (Tables)

6 Months Ended

Jun. 30, 2020

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition

During the six months ended June 30, 2019, no acquisitions were completed by the Company. During the six months ended June 30, 2020, we closed on the following acquisitions:

Date Purchased	Property Name	City	State	Square Feet	Purchase Price
					(in thousands)
February 12, 2020	Kingswood Center	Brooklyn	NY	130,000	$	90,212
February 12, 2020	Kingswood Crossing	Brooklyn	NY	110,000	77,077
				2020 Total	$	167,289	(1)

⁽¹⁾ The total purchase price for the properties acquired during the six months ended June 30, 2020 includes $2.5 million of transaction costs incurred related to the acquisitions.

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The aggregate purchase price of the above property acquisitions has been allocated as follows:

Property Name	Land		Buildings and improvements		Identified intangible assets(1)		Identified intangible liabilities(1)			Debt premium			Total Purchase Price
(in thousands)
Kingswood Center	$	15,690	$	76,766	$	9,263	$	(4,534	)	$	(6,973	)	$	90,212
Kingswood Crossing	8,150		64,159		4,768		—			—			77,077
2020 Total	$	23,840	$	140,925	$	14,031	$	(4,534	)	$	(6,973	)	$	167,289

⁽¹⁾ As of June 30, 2020, the remaining weighted average amortization periods of the identified intangible assets and identified intangible liabilities acquired were 8.8 years and 11.0 years, respectively.