Subsequent Events

6 Months Ended

Jun. 30, 2018

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

Risk Management

In July 2018, the Company entered into two interest rate swaps (Note 8) in the aggregate notional amount of $125.0 million. The swaps have an effective date of July 2020 and mature in July 2030 at a fixed rate of approximately 2.9%.  

Acquisition

In July 2018, Fund V acquired a shopping center located in Elk Grove, California referred to as “Elk Grove Commons” for $59.3 million plus an earn out of up to $0.8 million. It is not practicable to disclose the preliminary purchase price allocation for this transaction given the short period of time between the acquisition date and the filing of this Report.