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ACQUISITIONS AND DISPOSITIONS (Tables)
9 Months Ended
Sep. 30, 2020
Business Combinations [Abstract]  
Schedule of Business Acquisitions, by Acquisition
During the nine months ended September 30, 2019, no acquisitions were completed by the Company. During the nine months ended September 30, 2020, we closed on the following acquisitions:
Date PurchasedProperty NameCityStateSquare FeetPurchase Price
(in thousands)
February 12, 2020Kingswood CenterBrooklynNY130,000 $90,212 
February 12, 2020Kingswood CrossingBrooklynNY110,000 77,077 
2020 Total$167,289 
(1)
(1) The total purchase price for the properties acquired during the nine months ended September 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 NameLandBuildings and improvements
Identified intangible assets(1)
Identified intangible liabilities(1)
Debt premiumTotal Purchase Price
(in thousands)
Kingswood Center$15,690 $76,766 $9,263 $(4,534)$(6,973)$90,212 
Kingswood Crossing8,150 64,159 4,768 — — 77,077 
2020 Total$23,840 $140,925 $14,031 $(4,534)$(6,973)$167,289 
(1) As of September 30, 2020, the remaining weighted average amortization periods of the identified intangible assets and identified intangible liabilities acquired were 8.7 years and 10.8 years, respectively.