Acquisitions (Tables)

3 Months Ended

Mar. 31, 2023

Business Combinations [Abstract]

Schedule of Company Acquired Shopping Centers

During the three months ended March 31, 2023, the Company acquired the following shopping centers (in millions):

Asset	Location	Date Acquired	Purchase Price
Parker Keystone	Denver, Colorado	January 2023	$	11.0
Foxtail Center	Baltimore, Maryland	January 2023		15.1

Schedule of Acquisition Cost of Shopping Centers

The fair value of the acquisitions above was allocated as follows (in thousands):

				Weighted-Average Amortization Period (in Years)
Land	$	6,860		N/A
Buildings		17,188		(A)
Tenant improvements		574		(A)
In-place leases (including lease origination costs and fair market value of leases)		2,548		6.6
		27,170
Less: Below-market leases		(600	)	10.5
Less: Other liabilities assumed		(67	)	N/A
Net assets acquired	$	26,503

(A)Depreciated in accordance with the Company’s policy.