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Real Estate Investments (Tables)
3 Months Ended
Mar. 31, 2022
Real Estate [Abstract]  
Schedule of Business Acquisitions

The following table details the shopping centers acquired or land acquired for development during the three months ended March 31, 2022. There were no such purchases during the three months ended March 31, 2021.

 

(in thousands)

 

Three months ended March 31, 2022

 

Date Purchased

 

Property Name

 

City/State

 

Property Type

 

Ownership

 

Purchase
Price

 

 

Debt
Assumed,
Net of
Discounts

 

 

Intangible
Assets

 

 

Intangible
Liabilities

 

3/1/2022

 

Glenwood Green

 

Old Bridge, NJ

 

Development

 

100%

 

$

11,000

 

 

 

 

 

 

 

 

 

 

3/25/2022

 

Naperville Plaza (1)

 

Naperville, IL

 

Operating

 

20%

 

 

52,380

 

 

 

22,074

 

 

 

4,336

 

 

 

814

 

3/31/2022

 

Island Village

 

Bainbridge Island, WA

 

Operating

 

100%

 

 

30,650

 

 

 

 

 

 

2,900

 

 

 

6,839

 

Total property acquisitions

 

 

 

 

 

 

 

$

94,030

 

 

 

22,074

 

 

 

7,236

 

 

 

7,653

 

(1)
This operating property was purchased through Columbia Regency Partners II, LLC, an unconsolidated Investment in real estate partnership, in which the Company owns 20%.