Acquisitions

6 Months Ended

Jun. 30, 2023

During the six months ended June 30, 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
Barrett Corners	Atlanta, Georgia	April 2023		15.6
Alpha Soda Center	Atlanta, Georgia	May 2023		9.4
Briarcroft Center	Houston, Texas	May 2023		23.5

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


				Weighted-Average Amortization Period (in Years)
Land	$	27,351		N/A
Buildings		40,815		(A)
Tenant improvements		1,774		(A)
In-place leases (including lease origination costs and fair market value of leases)		7,073		6.9
		77,013
Less: Below-market leases		(1,882	)	14.0
Less: Other liabilities assumed		(348	)	N/A
Net assets acquired	$	74,783

(A)

Depreciated in accordance with the Company’s policy.

The total consideration for these assets was paid in cash. Included in the Company’s consolidated statements of operations for the three and six months ended June 30, 2023, was $1.3 million and $1.8 million, respectively, in total revenues from the date of acquisition through June 30, 2023, for the properties acquired in 2023.