v3.26.3
Acquisitions
 9 Months Ended
Sep. 30, 2026
Business Combination [Abstract]  
Acquisitions
2.
Acquisitions

During the nine months ended September 30, 2026, the Company acquired 67 convenience shopping centers for a gross purchase price of $750.4 million. The fair value of the acquisitions was allocated as follows (in thousands):

 

 

 

 

 

Weighted-Average
Amortization Period
(in Years)

Land

$

260,289

 

 

N/A

Buildings

 

423,547

 

 

(A)

Tenant improvements

 

13,791

 

 

(A)

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

 

76,774

 

 

6.3

Other assets assumed

 

1,482

 

 

N/A

 

 

775,883

 

 

 

Less: Below-market leases

 

(24,168

)

 

15.0

Less: Other liabilities assumed

 

(6,344

)

 

N/A

Net assets acquired

$

745,371

 

 

 

 

(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 and nine months ended September 30, 2026, was $14.1 million and $22.3 million, respectively, in total revenues from the date of acquisition through September 30, 2026, for the properties acquired in 2026.