v3.26.1
Acquired Properties (Tables)
 6 Months Ended
Jun. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Retail Properties Acquired
The following table reflects the retail properties acquired during the six months ended June 30, 2026:
Month AcquiredPropertyMarketGLA
(Square Feet)		Gross
Acquisition Price
Feb-26Marketplace at Hudson StationPhoenix, AZ60 $31,250 
Feb-26Nashville WestNashville, TN324 88,000 
Mar-26The Centre on Hugh Howell - Outparcel (a)Atlanta, GA7 3,731 
May-263609 SouthCharlotte, NC29 16,600 
Jun-26Sweetgrass CornerCharleston, SC95 50,995 
Jun-26Western PlazaKnoxville, TN162 65,000 
677 $255,576 
(a)The Company acquired a single-tenant outparcel adjacent to this retail property. The assets, liabilities, and operations of the outparcel acquired are combined for presentation purposes with the retail property already owned by the Company.
The following table reflects the retail properties acquired during the six months ended June 30, 2025:
Month AcquiredPropertyMarketGLA
(Square Feet)		Gross
Acquisition Price		Assumption of
Mortgage Debt
Apr-25Plaza Escondida (a)Tucson, AZ91 $23,000 $7,981 
Apr-25Carmel VillageCharlotte, NC54 19,925 — 
Jun-25West Ashley Station (b)Charleston, SC79 26,600 — 
Jun-25Twelve Oaks Shopping CenterSavannah, GA106 35,850 — 
330 $105,375 $7,981 
(a)The Company recognized a fair value adjustment of $507 related to the mortgage payable secured by the property.
(b)The Company recognized a finance lease liability of $10,973 associated with the ground lease assumed upon the acquisition of this property. See "Note 11. Commitments and Contingencies".

The following table presents the Company's purchase price allocations of retail properties acquired, accounted for as asset acquisitions, during the six months ended June 30, 2026 and 2025:
2026 Acquisitions
2025 Acquisitions
AmountWeighted Average
Useful Life (in Years)		AmountWeighted Average
Useful Life (in Years)
Land$43,080 N/A$11,277 N/A
Building, roofs, and site improvements173,895 28.484,483 28.5
Finance lease fair value adjustment (a)— —(2,008)66.6
In-place lease intangibles44,582 7.719,542 7.8
Above-market lease intangibles2,839 8.2915 8.1
Mortgage payable fair value adjustments— —507 5.1
Below-market lease intangibles(12,161)12.7(9,093)14.3
Net assets acquired252,235 105,623 
Capitalized acquisition costs(1,409)(1,050)
Closing credits4,750 802 
Gross acquisition price$255,576 $105,375 
(a)The Company recognized a fair value adjustment to the finance lease right-of-use ("ROU") asset related to the ground lease assumed upon the acquisition of West Ashley Station. See "Note 11. Commitments and Contingencies".