v3.26.1
Acquisitions
 3 Months Ended
Mar. 31, 2026
Business Combination [Abstract]  
Acquisitions
2.
Acquisitions

During the three months ended March 31, 2026, the Company acquired 14 convenience shopping centers for a gross purchase price of $142.4 million. The fair value of the acquisitions was allocated as follows (in thousands):

 

 

 

 

 

Weighted-Average
Amortization Period
(in Years)

 

2026

 

 

2026

Land

$

42,788

 

 

N/A

Buildings

 

85,053

 

 

(A)

Tenant improvements

 

2,942

 

 

(A)

In-place leases (including lease origination costs and fair
   market value of leases)

 

13,785

 

 

7.5

Other assets assumed

 

87

 

 

N/A

 

 

144,655

 

 

 

Less: Below-market leases

 

(3,085

)

 

14.2

Less: Other liabilities assumed

 

(835

)

 

N/A

Net assets acquired

$

140,735

 

 

 

 

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

Total consideration for the acquisitions was paid in cash. Included in the Company’s consolidated statements of operations for the three months ended March 31, 2026, was $1.5 million in total revenues from the date of acquisition through March 31, 2026, for the properties acquired in 2026.