Quarterly report pursuant to Section 13 or 15(d)

Acquisition of Rental Property (Tables)

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Acquisition of Rental Property (Tables)
6 Months Ended
Jun. 30, 2011
Acquisition of Rental Property [Abstract]  
Schedule of Purchase Price Allocation [Table Text Block]
The following table summarizes the allocation of the purchase price to the identifiable assets acquired and liabilities assumed as of June 28, 2011, the date of acquisition and the weighted average amortization period by major intangible asset class:
 
 
Value
 (in thousands)
 
Weighted-Average Amortization Period (in years)
Land
 
$
2,752

 
 
Buildings, improvements and fixtures
 
109,843

 
 
Deferred lease costs and other intangibles
 
 
 
 
Above/below market lease value, net
 
1,958

 
7.2

Lease in place value
 
8,224

 
3.7

Tenant relationships
 
10,029

 
7.8

Lease and legal costs
 
1,194

 
4.9

Total deferred lease costs and other intangibles
 
21,405

 
 
Net assets acquired
 
$
134,000