ACQUISITIONS AND DISPOSITIONS (Tables)

9 Months Ended

Sep. 30, 2024

Business Combination and Asset Acquisition [Abstract]

Schedule of Business Acquisitions, by Acquisition

During the nine months ended September 30, 2024 and 2023, the Company closed on the following acquisitions:

Date Purchased	Property Name	City	State	Square Feet	Purchase Price(1) (in thousands)
February 8, 2024	Heritage Square	Watchung	NJ	87,000	$	33,838
April 5, 2024	Ledgewood Commons	Roxbury Township	NJ	448,000	83,211
				2024 Total	$	117,049
June 21, 2023	Sunrise Mall (Ground Lease)(2)	Massapequa	NY	—	$	2,071
				2023 Total	$	2,071

(1) The total purchase price for the properties acquired during the nine months ended September 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	Land		Buildings 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 Commons	24,313		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 September 30, 2024, the remaining weighted average amortization periods of the identified intangible assets and identified intangible liabilities acquired in 2024 were 10.2 years and 18.1 years, respectively.