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ACQUISITIONS AND DISPOSITIONS (Tables)
 6 Months Ended
Jun. 30, 2024
Business Combination and Asset Acquisition [Abstract]  
Schedule of Business Acquisitions, by Acquisition
During the six months ended June 30, 2024 and 2023, the Company closed on the following acquisitions:
Date PurchasedProperty NameCityStateSquare Feet
Purchase Price(1)
(in thousands)
February 8, 2024Heritage SquareWatchungNJ87,000 $33,838 
April 5, 2024Ledgewood CommonsRoxbury TownshipNJ448,000 83,211 
2024 Total$117,049 
June 21, 2023
Sunrise Mall (Ground Lease)(2)
MassapequaNY— $2,071 
2023 Total$2,071 
(1) The total purchase price for the properties acquired during the six months ended June 30, 2024 and 2023 includes $2.1 million and $0.1 million of transaction costs, respectively.
(2) Pertains to the buyout and termination of a ground lease for certain land parcels at our Sunrise Mall property in which the Company previously held a lessee position.
The aggregate purchase prices of the above property acquisitions have been allocated as follows:
(amounts in thousands)

Property Name
LandBuildings and Improvements
Identified Intangible Assets(1)
Identified Intangible Liabilities(1)
Total Purchase Price
Heritage Square$7,343 $24,643 $4,763 $(2,911)$33,838 
Ledgewood Commons24,313 56,352 15,137 (12,591)83,211 
2024 Total$31,656 $80,995 $19,900 $(15,502)$117,049 
Sunrise Mall (Ground Lease)$2,071 $— $— $— $2,071 
2023 Total$2,071 $— $— $— $2,071 
(1) As of June 30, 2024, the remaining weighted average amortization periods of the identified intangible assets and identified intangible liabilities acquired in 2024 were 10.4 years and 18.3 years, respectively.