3.	Acquisitions

In January 2017, the Company acquired one shopping center in Chicago, Illinois, for $81.0 million. This acquisition was accounted for as an asset acquisition and the fair value was allocated as follows (in thousands):

				Weighted-Average Amortization Period (in Years)
Land	$	23,588		N/A
Buildings		35,659		(A)
Tenant improvements		8,565		(A)
In-place leases (including lease origination costs and fair market value of leases)		7,051			16.0
Tenant relations		6,934			16.3
Other assets		419		N/A
		82,216
Less: Below-market leases		(1,872	)		20.0
Less: Other liabilities assumed		(581	)	N/A
Net assets acquired	$	79,763

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

Total consideration for the acquisition was paid in cash. The costs related to the acquisition of this asset were capitalized to real estate assets (Note 1). Included in the Company’s consolidated statements of operations are $3.0 million in total revenues from the date of acquisition through June 30, 2017, for the acquired property.