• Filing Date: 2019-03-08
  • Form Type: 10-K
  • Description: Annual report
v3.10.0.1
Business Acquisitions (Tables)
12 Months Ended
Dec. 31, 2018
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