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Real Estate Investments (Tables)
9 Months Ended
Sep. 30, 2019
Real Estate [Abstract]  
Schedule of business acquisitions

The following tables detail the shopping centers acquired or land acquired or leased for development or redevelopment:

 

(in thousands)

 

Nine months ended September 30, 2019

 

Date Purchased

 

Property Name

 

City/State

 

Property Type

 

Ownership

 

 

Purchase

Price

 

 

Debt

Assumed,

Net of

Premiums

 

 

Intangible

Assets

 

 

Intangible

Liabilities

 

1/8/19

 

Pablo Plaza (1)

 

Jacksonville, FL

 

Operating

 

100%

 

 

$

600

 

 

 

 

 

 

 

 

 

 

2/8/19

 

Melrose Market

 

Seattle, WA

 

Operating

 

100%

 

 

 

15,515

 

 

 

 

 

 

941

 

 

 

358

 

6/18/19

 

The Field at Commonwealth Ph II (2)

 

Chantilly, VA

 

Development

 

100%

 

 

 

4,083

 

 

 

 

 

 

 

 

 

 

6/21/19

 

Culver Public Market

 

Culver City, CA

 

Development

 

100%

 

 

 

1,279

 

 

 

 

 

 

 

 

 

 

6/28/19

 

6401 Roosevelt

 

Seattle, WA

 

Operating

 

100%

 

 

 

3,550

 

 

 

 

 

 

 

 

 

 

7/1/19

 

The Pruneyard Shopping Center

 

Campbell, CA

 

Operating

 

100%

 

 

 

212,500

 

 

 

 

 

 

16,991

 

 

 

5,833

 

9/17/19

 

Circle Marina Center

 

Long Beach, CA

 

Operating

 

100%

 

 

 

50,000

 

 

 

 

 

 

3,717

 

 

 

962

 

Total property acquisitions

 

 

 

 

 

 

 

 

 

$

287,527

 

 

 

 

 

 

21,649

 

 

 

7,153

 

 

(1) The Company purchased a 0.17 acre land parcel adjacent to the Company's existing operating Pablo Plaza for redevelopment.

(2) The Company purchased The Field at Commonwealth Ph II, which is land adjacent to an existing operating property, for future development.     

 

(in thousands)

 

Nine months ended September 30, 2018

 

Date Purchased

 

Property Name

 

City/State

 

Property Type

 

Ownership

 

Purchase

Price

 

 

Debt

Assumed,

Net of

Premiums

 

 

Intangible

Assets

 

 

Intangible

Liabilities

 

1/2/18

 

Ballard Blocks I

 

Seattle, WA

 

Operating

 

49.9%

 

$

54,500

 

 

 

 

 

 

3,668

 

 

 

2,350

 

1/2/18

 

Ballard Blocks II

 

Seattle, WA

 

Development

 

49.9%

 

 

4,000

 

 

 

 

 

 

 

 

 

 

1/5/18

 

Metuchen

 

Metuchen, NJ

 

Operating

 

20%

 

 

33,830

 

 

 

 

 

 

3,147

 

 

 

1,905

 

1/10/18

 

Hewlett Crossing I & II

 

Hewlett, NY

 

Operating

 

100%

 

 

30,900

 

 

 

9,700

 

 

 

3,114

 

 

 

1,868

 

4/3/18

 

Rivertowns Square

 

Dobby Ferry, NY

 

Operating

 

100%

 

 

68,933

 

 

 

 

 

 

4,993

 

 

 

5,554

 

5/18/18

 

Crossroads Commons II

 

Boulder, CO

 

Operating

 

20%

 

 

10,500

 

 

 

 

 

 

447

 

 

 

769

 

9/7/18

 

Ridgewood Shopping Center

 

Raleigh, NC

 

Operating

 

20%

 

 

45,800

 

 

 

10,233

 

 

 

3,372

 

 

 

2,278

 

Total property acquisitions

 

 

 

 

 

 

 

$

248,463

 

 

 

19,933

 

 

 

18,741

 

 

 

14,724