• Filing Date: 2017-02-22
  • Form Type: 10-K
  • Description: Annual report
v3.6.0.2
Business Acquisitions (Tables)
12 Months Ended
Dec. 31, 2016
Sorrento Hills Village - Sorrento, Florida [Member]  
Allocation of Purchase Price to Net Assets Acquired Based on their Fair Values at the Acquisition Date

The table below presents an allocation of the purchase price to the net assets acquired based on their fair values at the acquisition date:

 

Identifiable assets acquired and liabilities assumed:

  

Cash

   $ 194   

Land

     1,600   

Land improvements

     3,045   

Buildings

     7,120   

Intangibles

     2,580   

Tenant improvements

     76   

Building improvement

     29   

Other assets

     33   

Other liabilities

     (356
  

 

 

 

Total net assets acquired

     14,321   

Less: Gain on bargain purchase

     (2,071
  

 

 

 

Purchase price

   $ 12,250   
  

 

 

 
Pineda Landings - Melbourne, Florida [Member]  
Allocation of Purchase Price to Net Assets Acquired Based on their Fair Values at the Acquisition Date

The table below presents the fair values of the net assets acquired at the acquisition date:

 

Identifiable assets acquired and liabilities assumed:

  

Cash

   $ 502   

Land

     2,857   

Land improvements

     4,671   

Buildings

     5,480   

Intangibles

     2,619   

Tenant improvements

     403   

Building improvement

     403   

Other property and equipment

     17   

Other assets

     940   

Construction loan

     (8,214

Other liabilities

     (550
  

 

 

 

Total net assets acquired

     9,128   

Less:Carrying value of 90% equity method investment

     (2,859

Gain on remeasurement of previously held interest

     (4,005

Payable to the 10% joint venture partner

     (200
  

 

 

 

Cash paid to the 10% joint venture partner

   $ 2,064