• Filing Date: 2018-03-07
  • Form Type: 10-K
  • Description: Annual report
v3.8.0.1
Business Acquisitions (Tables)
12 Months Ended
Dec. 31, 2017
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