Document And Entity Information	9 Months Ended
Document And Entity Information	Sep. 30, 2013	Oct. 28, 2013
Document and Entity Information [Abstract]
Entity Registrant Name	Retail Opportunity Investments Corp
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		72,062,585
Amendment Flag	false
Entity Central Index Key	0001407623
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	Sep. 30, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q3

Consolidated Balance Sheets (USD $)	Sep. 30, 2013	Dec. 31, 2012
ASSETS
Land	$ 374,112,312	$ 283,445,257
Building and improvements	886,635,954	588,248,338
	1,260,748,266	871,693,595
Less: accumulated depreciation	49,725,821	32,364,772
	1,211,022,445	839,328,823
Mortgage note receivable		10,000,000
Investment in and advances to unconsolidated joint venture		15,295,223
Real Estate Investments, net	1,211,022,445	864,624,046
Cash and cash equivalents	9,834,336	4,692,230
Restricted cash	1,977,552	1,700,692
Tenant and other receivables	16,665,091	12,455,190
Deposits	1,000,000	2,000,000
Acquired lease intangible asset, net of accumulated amortization	44,206,512	41,230,616
Prepaid expenses	523,510	1,245,778
Deferred charges, net of accumulated amortization	24,963,685	21,623,474
Other	2,417,373	1,339,501
Total assets	1,312,610,504	950,911,527
Liabilities:
Term loan	200,000,000	200,000,000
Credit facility	174,750,000	119,000,000
Mortgage notes payable	126,910,642	72,689,842
Acquired lease intangibles liability, net of accumulated amortization	58,436,655	57,371,803
Accounts payable and accrued expenses	13,273,033	6,468,580
Tenants' security deposits	3,242,511	2,336,680
Other liabilities	16,580,673	26,502,551
Total liabilities	593,193,514	484,369,456
Commitments and contingencies
Equity:
Preferred stock, $.0001 par value 50,000,000 shares authorized; none issued and outstanding	0	0
Common stock, $.0001 par value 500,000,000 shares authorized; and 72,062,585 and 52,596,754 shares issued and outstanding at September 30, 2013 and December 31, 2012	7,200	5,260
Additional paid-in-capital	738,388,691	523,540,268
Dividends in excess of earnings	(40,496,143)	(38,851,234)
Accumulated other comprehensive loss	(9,953,654)	(18,154,612)
Total Retail Opportunity Investments Corp. stockholders' equity	687,946,094	466,539,682
Noncontrolling interests	31,470,896	2,389
Total equity	719,416,990	466,542,071
Total liabilities and equity	1,312,610,504	950,911,527
Retail Opportunity Investments Partnership L.P. [Member]
ASSETS
Land	374,112,312	283,445,257
Building and improvements	886,635,954	588,248,338
	1,260,748,266	871,693,595
Less: accumulated depreciation	49,725,821	32,364,772
	1,211,022,445	839,328,823
Mortgage note receivable		10,000,000
Investment in and advances to unconsolidated joint venture		15,295,223
Real Estate Investments, net	1,211,022,445	864,624,046
Cash and cash equivalents	9,834,336	4,692,230
Restricted cash	1,977,552	1,700,692
Tenant and other receivables	16,665,091	12,455,190
Deposits	1,000,000	2,000,000
Acquired lease intangible asset, net of accumulated amortization	44,206,512	41,230,616
Prepaid expenses	523,510	1,245,778
Deferred charges, net of accumulated amortization	24,963,685	21,623,474
Other	2,417,373	1,339,501
Total assets	1,312,610,504	950,911,527
Liabilities:
Term loan	200,000,000	200,000,000
Credit facility	174,750,000	119,000,000
Mortgage notes payable	126,910,642	72,689,842
Acquired lease intangibles liability, net of accumulated amortization	58,436,655	57,371,803
Accounts payable and accrued expenses	13,273,033	6,468,580
Tenants' security deposits	3,242,511	2,336,680
Other liabilities	16,580,673	26,502,551
Total liabilities	593,193,154	484,369,456
Equity:
ROIC capital (consists of general and limited partnership interests held by ROIC)	697,899,748	484,694,294
Limited partners’ capital (consists of limited partnership interests held by third parties)	31,470,896
Accumulated other comprehensive loss	(9,953,654)	(18,154,612)
Total partners’ capital	719,416,990	466,539,682
Noncontrolling interests		2,389
Total equity	719,416,990	466,542,071
Total liabilities and equity	$ 1,312,610,504	$ 950,911,527

Consolidated Balance Sheets (Parentheticals) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Preferred stock par value (in Dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in Dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	72,062,585	52,596,754
Common stock, shares outstanding	72,062,585	52,596,754

Consolidated Statement Of Operations And Comprehensive Income (Unaudited) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Revenues
Base rents	$ 20,686,688	$ 15,196,646	$ 60,197,590	$ 42,734,688
Recoveries from tenants	5,330,339	3,343,541	15,549,716	9,427,763
Mortgage interest	204,961	189,995	617,217	901,645
Other income	925,454	159,092	1,229,575	591,234
Total revenues	27,147,442	18,889,274	77,594,098	53,655,330
Operating expenses
Property operating	4,963,809	3,072,670	13,204,316	9,324,140
Property taxes	2,795,468	1,781,639	7,893,452	5,115,361
Depreciation and amortization	9,755,321	7,070,557	27,813,157	20,737,917
General and administrative expenses	2,526,312	3,699,852	8,175,994	8,716,378
Acquisition transaction costs	641,224	194,191	1,569,592	947,404
Total operating expenses	20,682,134	15,818,909	58,656,511	44,841,200
Operating income	6,465,308	3,070,365	18,937,587	8,814,130
Interest expense and other finance expenses	(3,703,556)	(3,094,023)	(10,974,103)	(8,144,879)
Gain on consolidation of joint venture	20,381,849	2,144,696	20,381,849	2,144,696
Gain on bargain purchase				3,864,145
Equity in earnings from unconsolidated joint ventures	2,118,501	497,311	2,389,937	1,481,132
Interest income	189	419	1,448	11,280
Income from continuing operations	25,262,291	2,618,768	30,736,718	8,170,504
Loss from discontinued operations			(713,529)
Net Income attributable to Retail Opportunity Investments Corp.	25,262,291	2,618,768	30,023,189	8,170,504
Net income per share - basic:
Income from continuing operations (in Dollars per share)	$ 0.35	$ 0.05	$ 0.47	$ 0.16
Loss from discontinued operations (in Dollars per share)			$ (0.01)
Net earnings per share (in Dollars per share)	$ 0.35	$ 0.05	$ 0.46	$ 0.16
Net income per share - diluted:
Income from continuing operations (in Dollars per share)	$ 0.34	$ 0.05	$ 0.45	$ 0.16
Loss from discontinued operations (in Dollars per share)			$ (0.01)
Net earnings per share (in Dollars per share)	$ 0.34	$ 0.05	$ 0.44	$ 0.16
Distributions per unit (in Dollars per share)	$ 0.15	$ 0.14	$ 0.45	$ 0.39
Dividends per common share (in Dollars per share)	$ 0.15	$ 0.14	$ 0.45	$ 0.39
Unrealized (loss) gain on swap derivative
Unrealized swap derivative gain (loss) arising during the period	(1,419,472)	(2,823,453)	4,642,590	(7,873,977)
Reclassification adjustment for amortization of interest expense included in net income	1,187,866	1,184,484	3,558,368	2,720,594
Unrealized gain (loss) on swap derivative, net	(231,606)	(1,638,969)	8,200,958	(5,153,383)
Total other comprehensive income (loss)	25,030,685	979,799	38,224,147	3,017,121
Retail Opportunity Investments Partnership L.P. [Member]
Revenues
Base rents	20,686,688	15,196,646	60,197,590	42,734,688
Recoveries from tenants	5,330,339	3,343,541	15,549,716	9,427,763
Mortgage interest	204,961	189,995	617,217	901,645
Other income	925,454	159,092	1,229,575	591,234
Total revenues	27,147,442	18,889,274	77,594,098	53,655,330
Operating expenses
Property operating	4,963,809	3,072,670	13,204,316	9,324,140
Property taxes	2,795,468	1,781,639	7,893,452	5,115,361
Depreciation and amortization	9,755,321	7,070,557	27,813,157	20,737,917
General and administrative expenses	2,526,312	3,699,852	8,175,994	8,716,378
Acquisition transaction costs	641,224	194,191	1,569,592	947,404
Total operating expenses	20,682,134	15,818,909	58,656,511	44,841,200
Operating income	6,465,308	3,070,365	18,937,587	8,814,130
Interest expense and other finance expenses	(3,703,556)	(3,094,023)	(10,974,103)	(8,144,879)
Gain on consolidation of joint venture	20,381,849	2,144,696	20,381,849	2,144,696
Gain on bargain purchase				3,864,145
Equity in earnings from unconsolidated joint ventures	2,118,501	497,311	2,389,937	1,481,132
Interest income	189	419	1,448	11,280
Income from continuing operations	25,262,291	2,618,768	30,736,718	8,170,504
Loss from discontinued operations			(713,529)
Net Income attributable to Retail Opportunity Investments Corp.	25,262,291	2,618,768	30,023,189	8,170,504
Net income per share - basic:
Income from continuing operations (in Dollars per share)	$ 0.35	$ 0.05	$ 0.47	$ 0.16
Loss from discontinued operations (in Dollars per share)			$ (0.01)
Net earnings per share (in Dollars per share)	$ 0.35	$ 0.05	$ 0.45	$ 0.16
Net income per share - diluted:
Income from continuing operations (in Dollars per share)	$ 0.34	$ 0.05	$ 0.45	$ 0.16
Loss from discontinued operations (in Dollars per share)			$ (0.01)
Net earnings per share (in Dollars per share)	$ 0.34	$ 0.05	$ 0.44	$ 0.16
Unrealized (loss) gain on swap derivative
Unrealized swap derivative gain (loss) arising during the period	(1,419,472)	(2,823,453)	4,642,590	(7,873,977)
Reclassification adjustment for amortization of interest expense included in net income	1,187,866	1,184,484	3,558,368	2,720,594
Unrealized gain (loss) on swap derivative, net	(231,606)	(1,638,969)	8,200,958	(5,153,383)
Total other comprehensive income (loss)	$ 25,030,685	$ 979,799	$ 38,224,147	$ 3,017,121

Consolidated Statements of Equity (Unaudited) (USD $)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Noncontrolling Interest [Member]	Total
Balance at Dec. 31, 2012	$ 5,260	$ 523,540,268	$ (38,851,234)	$ (18,154,612)	$ 2,389	$ 466,542,071
Balance (in Shares) at Dec. 31, 2012	52,596,754					52,596,754
Shares issued under the 2009 Plan	23	(23)
Shares issued under the 2009 Plan (in Shares)	233,914
Repurchase of common stock	(2)	(280,972)				(280,974)
Repurchase of common stock (in Shares)	(21,865)
Retirement of options		(274,830)				(274,830)
Stock based compensation expense		2,109,040				2,109,040
Proceeds from the exercise of warrants	1,851	222,781,527				222,783,378
Proceeds from the exercise of warrants (in Shares)	18,565,282
Exercise of Sponsor warrants	68	(68)
Exercise of Sponsor warrants (in Shares)	688,500
Buyback of warrants		(23,318,841)				(23,318,841)
Issuance of OP Units to Non-controlling interests					45,372,731	45,372,731
Adjustment to for Non-controlling interests ownership in Operating Partnership		13,901,835			(13,901,835)
Purchase of Non-controlling interest					(2,389)	(2,389)
Registration expenditures		(69,245)				(69,245)
Dividends ($.45 per share)			(31,585,598)			(31,585,598)
Dividends payable on performance-based shares			(82,500)			(82,500)
Net income attributable to Retail Opportunity Investments Corp.			30,023,189			30,023,189
Other comprehensive income				8,200,958		8,200,958
Balance at Sep. 30, 2013	$ 7,200	$ 738,388,691	$ (40,496,143)	$ (9,953,654)	$ 31,470,896	$ 719,416,990
Balance (in Shares) at Sep. 30, 2013	72,062,585					72,062,585

Consolidated Statements Of Cash Flow (Unaudited) (USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 30,023,189	$ 8,170,504
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization	27,813,157	20,737,917
Amortization of deferred financing costs and mortgage premiums, net	101,572	346,685
Gain on consolidation of joint venture	(20,381,849)	(2,144,696)
Gain on bargain purchase		(3,864,145)
Straight-line rent adjustment	(2,336,767)	(2,504,416)
Amortization of above and below market rent	(3,044,768)	(2,569,807)
Amortization relating to stock based compensation	2,109,040	2,298,971
Provisions for tenant credit losses	961,051	759,857
Equity earned in earnings from unconsolidated joint ventures	(2,389,937)	(1,481,132)
Loss on sale of discontinued operations	713,529
Distribution of cumulative earnings from unconsolidated joint ventures		686,017
Other	490,924
Change in operating assets and liabilities
Restricted cash	(353,354)	(473,465)
Tenant and other receivables	(1,832,325)	(2,299,437)
Prepaid expenses	742,972	86,983
Accounts payable and accrued expenses	2,725,392	253,885
Other asset and liabilities, net	(1,998,197)	1,192,822
Net cash provided by operating activities	33,343,629	19,196,544
CASH FLOWS FROM INVESTING ACTIVITIES
Investments in real estate	(180,090,191)	(125,743,992)
Acquisition of entities	(43,378,106)
Proceeds from sale of real estate	5,607,612
Investments in mortgage notes receivables	(294,000)
Investments in unconsolidated joint ventures		(735,000)
Return of capital from unconsolidated joint ventures		8,661,211
Improvements to properties	(14,629,136)	(5,478,170)
Deposits on real estate acquisitions	(7,150,000)	(2,600,000)
Construction escrows and other	76,494	(207,290)
Net cash used in investing activities	(239,857,327)	(126,103,241)
CASH FLOWS FROM FINANCING ACTIVITIES
Principal repayment on mortgages	(7,663,760)	(7,608,484)
Proceeds from the draw on term loan/credit facility	251,750,000	90,000,000
Payments on credit facility	(196,000,000)
Payment of contingent consideration	(1,864,370)
Proceeds from exercise of warrants	222,783,378
Payments to acquire warrants	(23,318,841)
Proceeds from the sale of stock	39,300,000	36,860,055
Purchase of Non-controlling interest	(2,389)
Deferred financing and other costs	(1,817,567)	(2,612,648)
Registration expenditures	(69,245)	(821,781)
Dividends paid to common shareholders	(31,585,598)	(19,739,210)
Repurchase of common stock	(280,974)
Retirement of options	(274,830)
Net cash provided by financing activities	211,655,804	96,077,932
Net increase (decrease) in cash and cash equivalents	5,142,106	(10,828,765)
Cash and cash equivalents at beginning of period	4,692,230	34,317,588
Cash and cash equivalents at end of period	9,834,336	23,488,823
Other non-cash investing and financing activities:
Issuance of OP Units in connection with acquisitions of entities	45,372,731
Assumed mortgage at fair value	62,749,675	8,428,062
Intangible lease liabilities	6,444,176	9,660,574
Transfer of equity investment in property to real estate investment	15,990,769	4,008,350
Interest rate swap asset	1,391,684
Accrued interest rate swap liabilities	(6,665,724)	5,252,199
Accrued real estate improvement costs	721,259	308,771
Retail Opportunity Investments Partnership L.P. [Member]
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	30,023,189	8,170,504
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization	27,813,157	20,737,917
Amortization of deferred financing costs and mortgage premiums, net	101,572	346,685
Gain on consolidation of joint venture	(20,381,849)	(2,144,696)
Gain on bargain purchase		(3,864,145)
Straight-line rent adjustment	(2,336,767)	(2,504,416)
Amortization of above and below market rent	(3,044,768)	(2,569,807)
Amortization relating to stock based compensation	2,109,040	2,298,971
Provisions for tenant credit losses	961,051	759,857
Equity earned in earnings from unconsolidated joint ventures	(2,389,937)	(1,481,132)
Loss on sale of discontinued operations	713,529
Distribution of cumulative earnings from unconsolidated joint ventures		686,017
Other	490,924
Change in operating assets and liabilities
Restricted cash	(353,354)	(473,465)
Tenant and other receivables	(1,832,325)	(2,299,437)
Prepaid expenses	742,972	86,983
Accounts payable and accrued expenses	2,725,392	253,885
Other asset and liabilities, net	(1,998,197)	1,192,822
Net cash provided by operating activities	33,343,629	19,196,544
CASH FLOWS FROM INVESTING ACTIVITIES
Investments in real estate	(180,090,191)	(125,743,992)
Acquisition of entities	(43,378,106)
Proceeds from sale of real estate	5,607,612
Investments in mortgage notes receivables	(294,000)
Investments in unconsolidated joint ventures		(735,000)
Return of capital from unconsolidated joint ventures		8,661,211
Improvements to properties	(14,629,136)	(5,478,170)
Deposits on real estate acquisitions	(7,150,000)	(2,600,000)
Construction escrows and other	76,494	(207,290)
Net cash used in investing activities	(239,857,327)	(126,103,241)
CASH FLOWS FROM FINANCING ACTIVITIES
Principal repayment on mortgages	(7,663,760)	(7,608,484)
Proceeds from the draw on term loan/credit facility	251,750,000	90,000,000
Payments on credit facility	(196,000,000)
Payment of contingent consideration	(1,864,370)
Purchase of Non-controlling interest	(2,389)
Deferred financing and other costs	(1,817,567)	(2,612,648)
Distributions to ROIC	(55,529,488)	(20,560,991)
Contributions from ROIC	222,783,378	36,860,055
Net cash provided by financing activities	211,655,804	96,077,932
Net increase (decrease) in cash and cash equivalents	5,142,106	(10,828,765)
Cash and cash equivalents at beginning of period	4,692,230	34,317,588
Cash and cash equivalents at end of period	9,834,336	23,488,823
Other non-cash investing and financing activities:
Issuance of OP Units in connection with acquisitions of entities	45,372,731
Assumed mortgage at fair value	62,749,675	8,428,062
Intangible lease liabilities	6,444,176	9,660,574
Transfer of equity investment in property to real estate investment	15,990,769	4,008,350
Interest rate swap asset	1,391,684
Accrued interest rate swap liabilities	(6,665,724)	5,252,199
Accrued real estate improvement costs	$ 721,259	$ 308,771

Consolidated Statements of Capital (Unaudited) (USD $)	3 Months Ended	9 Months Ended
Consolidated Statements of Capital (Unaudited) (USD $)	Sep. 30, 2013	Sep. 30, 2013
Balance		$ 466,542,071
Stock based compensation expense		2,109,040
Issuance of OP Units to Non-controlling interests		45,372,731
Issuance of OP Units to Non-controlling interests (in Shares)		3,183,245
Purchase of Non-controlling interests		(2,389)
Net income attributable to Retail Opportunity Investments Partnership, LP	25,262,291	30,023,189
Other comprehensive income		8,200,958
Balance	719,416,990	719,416,990
Balance (in Shares)	75,352,848	75,352,848
Limited Partner’s Capital [Member] \| Retail Opportunity Investments Partnership L.P. [Member]
Issuance of OP Units to Non-controlling interests		45,372,731
Issuance of OP Units to Non-controlling interests (in Shares)		3,290,263
Adjustment to Non-controlling interests		(13,901,835)
Balance	31,470,896	31,470,896
Balance (in Shares)	3,290,263	3,290,263
ROIC Capital [Member] \| Retail Opportunity Investments Partnership L.P. [Member]
Balance		484,694,294
Balance (in Shares)		52,596,754
Distributions to ROIC		(55,611,988)
Distributions to ROIC (in Shares)		(21,865)
Contributions from ROIC		222,783,378
Contributions from ROIC (in Shares)		19,487,696
Stock based compensation expense		2,109,040
Adjustment to Non-controlling interests		13,901,835
Net income attributable to Retail Opportunity Investments Partnership, LP		30,023,189
Balance	697,899,748	697,899,748
Balance (in Shares)	72,062,585	72,062,585
Accumulated Other Comprehensive Income (Loss) [Member] \| Retail Opportunity Investments Partnership L.P. [Member]
Balance		(18,154,612)
Other comprehensive income		8,200,958
Balance	(9,953,654)	(9,953,654)
Accumulated Other Comprehensive Income (Loss) [Member]
Balance		(18,154,612)
Other comprehensive income		8,200,958
Balance	(9,953,654)	(9,953,654)
Noncontrolling Interest [Member] \| Retail Opportunity Investments Partnership L.P. [Member]
Balance		2,389
Purchase of Non-controlling interests		(2,389)
Noncontrolling Interest [Member]
Balance		2,389
Issuance of OP Units to Non-controlling interests		45,372,731
Purchase of Non-controlling interests		(2,389)
Balance	31,470,896	31,470,896
Retail Opportunity Investments Partnership L.P. [Member]
Balance		466,542,071
Distributions to ROIC		(55,529,488)
Contributions from ROIC		222,783,378
Stock based compensation expense		2,109,040
Issuance of OP Units to Non-controlling interests		45,372,731
Purchase of Non-controlling interests		(2,389)
Net income attributable to Retail Opportunity Investments Partnership, LP	25,262,291	30,023,189
Other comprehensive income		8,200,958
Balance	$ 719,416,990	$ 719,416,990

Note 1 - Organization, Basis of Presentation and Summary of Significant Accounting Policies

9 Months Ended

Sep. 30, 2013

Accounting Policies [Abstract]

Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block]

1.	Organization, Basis of Presentation and Summary of Significant Accounting Policies

Business

Retail Opportunity Investments Corp., a Maryland corporation ("ROIC"), is a fully integrated and self-managed real estate investment trust ("REIT"). ROIC specializes in the acquisition, ownership and management of necessity-based community and neighborhood shopping centers on the west coast of the United States anchored by supermarkets and drugstores. ROIC refers to the properties it targets for investments as its target assets.

ROIC is organized in a traditional umbrella partnership real estate investment trust ("UpREIT") format pursuant to which Retail Opportunity Investments GP, LLC, its wholly-owned subsidiary, serves as the general partner of, and ROIC conducts substantially all of its business through, its operating partnership subsidiary, Retail Opportunity Investments Partnership, LP, a Delaware limited partnership (the "Operating Partnership"), together with its subsidiaries. Unless otherwise indicated or unless the context requires otherwise, all references to the “Company”, “we,” “us,” “our,” or “our company” refer to ROIC together with its consolidated subsidiaries, including the Operating Partnership.

With the approval of its stockholders, ROIC reincorporated as a Maryland corporation on June 2, 2011. ROIC began operations as a Delaware corporation, known as NRDC Acquisition Corp., which was incorporated on July 10, 2007, for the purpose of acquiring assets or operating businesses through a merger, capital stock exchange, stock purchase, asset acquisition or other similar business combination with one or more assets or control of one or more operating businesses. On October 20, 2009, ROIC’s stockholders and warrantholders approved each of the proposals presented at the special meetings of stockholders and warrantholders, respectively, in connection with the transactions contemplated by the Framework Agreement (the "Framework Agreement") ROIC entered into on August 7, 2009 with NRDC Capital Management, LLC, which, among other things, sets forth the steps to be taken by ROIC to continue its business as a corporation that has elected to qualify as a REIT for U.S. federal income tax purposes, commencing with its taxable year ended December 31, 2010.

ROIC’s only material asset is its ownership of direct or indirect partnership interests in the Operating Partnership and membership interest in Retail Opportunity Investments GP, LLC, which is the sole general partner of the Operating Partnership. As a result, ROIC does not conduct business itself, other than acting as the parent company and issuing equity from time to time. The Operating Partnership holds substantially all the assets of the Company and directly or indirectly holds the ownership interests in the Company’s real estate ventures. The Operating Partnership conducts the operations of the Company’s business and is structured as a partnership with no publicly traded equity. Except for net proceeds from warrant exercises and equity issuances by ROIC, which are contributed to the Operating Partnership, the Operating Partnership generates the capital required by the Company’s business through the Operating Partnership’s operations, by the Operating Partnership’s incurrence of indebtedness (directly and through subsidiaries) or through the issuance of operating partnership units (“OP Units”) of the Operating Partnership.

Recent Accounting Pronouncements

In February 2013, the Financial Accounting Standards Board (“FASB”) issued an Accounting Standards Update to improve the reporting of reclassifications out of accumulated other comprehensive income (“AOCI”), requiring companies to present information about reclassifications out of AOCI in one place and by component. This guidance is effective for interim and annual periods beginning on or after December 15, 2012. Adoption of this guidance did not have a material impact on the Company’s consolidated financial statements.

Principles of Consolidation

The accompanying consolidated financial statements are prepared on the accrual basis in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the disclosures required by GAAP for complete financial statement disclosures. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. Results of operations for the three and nine month periods ended September 30, 2013 are not necessarily indicative of the results that may be expected for the year ending December 31, 2013. It is suggested that these financial statements be read in conjunction with the financial statements and notes thereto included in the Company’s annual report on Form 10-K for the fiscal year ended December 31, 2012.

The consolidated financial statements include the accounts of the Company and those of its subsidiaries, which are wholly-owned or controlled by the Company. Entities which the Company does not control through its voting interest and entities which are variable interest entities ("VIEs"), but where it is not the primary beneficiary, are accounted for under the equity method. All significant intercompany balances and transactions have been eliminated.

The Company follows the FASB guidance for determining whether an entity is a VIE and requires the performance of a qualitative rather than a quantitative analysis to determine the primary beneficiary of a VIE. Under this guidance, an entity would be required to consolidate a VIE if it has (i) the power to direct the activities that most significantly impact the entity's economic performance and (ii) the obligation to absorb losses of the VIE or the right to receive benefits from the VIE that could be significant to the VIE.

A non-controlling interest in a consolidated subsidiary is defined as the portion of the equity (net assets) in a subsidiary not attributable, directly or indirectly, to a parent. Non-controlling interests are required to be presented as a separate component of equity in the consolidated balance sheet and modifies the presentation of net income by requiring earnings and other comprehensive income to be attributed to controlling and non-controlling interests.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the disclosure of contingent assets and liabilities, the reported amounts of assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the periods covered by the financial statements. The most significant assumptions and estimates relate to the purchase price allocations, depreciable lives, revenue recognition and the collectability of tenant receivables and other receivables, the valuation of performance-based restricted stock, stock options, and derivatives. Actual results could differ from these estimates.

Federal Income Taxes

Commencing with ROIC’s taxable year ended December 31, 2010, ROIC has elected to qualify as a REIT under Sections 856-860 of the Internal Revenue Code (the "Code"). Under those sections, a REIT that, among other things, distributes at least 90% of REIT taxable income and meets certain other qualifications prescribed by the Code will not be taxed on that portion of its taxable income that is distributed.

Although it may qualify as a REIT for U.S. federal income tax purposes, ROIC is subject to state income or franchise taxes in certain states in which some of its properties are located. In addition, taxable income from non-REIT activities managed through the Company's taxable REIT subsidiary ("TRS") is fully subject to U.S. federal, state and local income taxes. For all periods from inception through September 26, 2013 the Operating Partnership has been an entity disregarded from its sole owner, ROIC, for U.S. federal income tax purposes and as such has not been subject to federal income taxes. Effective September 27, 2013, the Operating Partnership issued 3,290,263 OP Units in connection with the acquisitions of Crossroads Shopping Center and Five Points Plaza, which are described under Note 2 below. Accordingly, the Operating Partnership ceased being a disregarded entity and instead is being treated as a partnership for federal income tax purposes.

The Company follows the FASB guidance that defines a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The FASB also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. The Company records interest and penalties relating to unrecognized tax benefits, if any, as interest expense. As of September 30, 2013, the tax years 2010 through and including 2012 remain open to examination by the Internal Revenue Service ("IRS") and state taxing authorities. During the year ended December 31, 2011, the IRS conducted an examination of the Company's 2009 federal tax return. During the nine months ended September 30, 2012 the Company reached a settlement with the IRS in which the Company paid to the IRS approximately $122,000.

Real Estate Investments

All costs related to the improvement or replacement of real estate properties are capitalized. Additions, renovations and improvements that enhance and/or extend the useful life of a property are also capitalized. Expenditures for ordinary maintenance, repairs and improvements that do not materially prolong the normal useful life of an asset are charged to operations as incurred. The Company expenses transaction costs associated with business combinations in the period incurred. During the nine months ended September 30, 2013 and 2012, capitalized costs related to the improvements or replacement of real estate properties were approximately $14.4 million and $5.8 million, respectively.

Upon the acquisition of real estate properties, the fair value of the real estate purchased is allocated to the acquired tangible assets (consisting of land, buildings and improvements), and acquired intangible assets and liabilities (consisting of above-market and below-market leases and acquired in-place leases). Acquired lease intangible assets include above-market leases and acquired in-place leases in the accompanying consolidated balance sheet. The fair value of the tangible assets of an acquired property is determined by valuing the property as if it were vacant, which value is then allocated to land, buildings and improvements based on management's determination of the relative fair values of these assets. In valuing an acquired property's intangibles, factors considered by management include an estimate of carrying costs during the expected lease-up periods, and estimates of lost rental revenue during the expected lease-up periods based on its evaluation of current market demand. Management also estimates costs to execute similar leases, including leasing commissions, tenant improvements, legal and other related costs. Leasing commissions, legal and other related costs ("lease origination costs") are classified as deferred charges in the accompanying consolidated balance sheet.

The value of in-place leases is measured by the excess of (i) the purchase price paid for a property after adjusting existing in-place leases to market rental rates, over (ii) the estimated fair value of the property as if vacant. Above-market and below-market lease values are recorded based on the present value (using a discount rate which reflects the risks associated with the leases acquired) of the difference between the contractual amounts to be received and management's estimate of market lease rates, measured over the terms of the respective leases that management deemed appropriate at the time of acquisition. Such valuations include a consideration of the non-cancellable terms of the respective leases as well as any applicable renewal periods. The fair values associated with below-market rental renewal options are determined based on the Company's experience and the relevant facts and circumstances that existed at the time of the acquisitions. The value of the above-market and below-market leases associated with the original lease term is amortized to rental income, over the terms of the respective leases. The value of in-place leases are amortized to expense, and the above-market and below-market lease values are amortized to rental income, over the remaining non-cancellable terms of the respective leases. If the value of below-market leases includes renewal option periods, the Company includes such renewal periods in the amortization period utilized. If a lease were to be terminated prior to its stated expiration, all unamortized amounts relating to that lease would be recognized in operations at that time. The Company may record a bargain purchase gain if it determines that the purchase price for the acquired assets was less than the fair value. The Company will record a liability in situations where any part of the cash consideration is deferred. The amounts payable in the future are discounted to their present value. The liability is subsequently re-measured to fair value with changes in fair value recognized in the consolidated statements of operations. If, up to one year from the acquisition date, information regarding fair value of assets acquired and liabilities assumed is received and estimates are refined, appropriate property adjustments are made to the purchase price allocation on a retrospective basis.

In conjunction with the Company's pursuit and acquisition of real estate investments, the Company expensed acquisition transaction costs during the three months ended September 30, 2013 and 2012 of approximately $641,000 and $194,000, respectively, and approximately $1.6 million and $947,000 during the nine months ended September 30, 2013 and 2012, respectively.

Regarding the Company's 2013 property acquisitions (see Note 2), the fair value of in-place leases and other intangibles have been allocated to intangible asset and liability accounts. Such allocations are preliminary and may be adjusted as final information becomes available.

Asset Impairment

The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of the asset to aggregate future net cash flows (undiscounted and without interest) expected to be generated by the asset. If such assets are considered impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceed the fair value. Management does not believe that the value of any of the Company's real estate investments was impaired at September 30, 2013.

In June 2013, the Company sold the Nimbus Winery Shopping Center, a non-grocery anchored, non-core shopping center located in Rancho Cordova, California. The sales price of this property of approximately $6.3 million, less costs to sell, resulted in proceeds to the Company of approximately $5.6 million. Accordingly, the Company recorded a loss on sale of property of approximately $714,000 for the nine months ended September 30, 2013, which has been included in discontinued operations.

The Company reviewed its investment in its unconsolidated joint venture for impairment periodically and the Company would record an impairment charge when events or circumstances change indicating that a decline in the fair values below the carrying values has occurred and such decline is other-than temporary. The ultimate realization of the Company's investment in its unconsolidated joint venture was dependent on a number of factors, including the performance of each investment and market conditions. As of September 30, 2013, the Company has no remaining unconsolidated joint ventures.

Cash and Cash Equivalents

The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. Cash and cash equivalents are maintained at financial institutions and, at times, balances may exceed the federally insured limit by the Federal Deposit Insurance Corporation. The Company has not experienced any losses related to these balances.

Restricted Cash

The terms of several of the Company's mortgage loans payable require the Company to deposit certain replacement and other reserves with its lenders. Such "restricted cash" is generally available only for property-level requirements for which the reserves have been established and is not available to fund other property-level or Company-level obligations.

Revenue Recognition

Management has determined that all of the Company's leases with its various tenants are operating leases. Rental income is generally recognized based on the terms of leases entered into with tenants. In those instances in which the Company funds tenant improvements and the improvements are deemed to be owned by the Company, revenue recognition will commence when the improvements are substantially completed and possession or control of the space is turned over to the tenant. When the Company determines that the tenant allowances are lease incentives, the Company commences revenue recognition and lease incentive amortization when possession or control of the space is turned over to the tenant for tenant work to begin. Minimum rental income from leases with scheduled rent increases is recognized on a straight-line basis over the lease term. Percentage rent is recognized when a specific tenant's sales breakpoint is achieved. Property operating expense recoveries from tenants of common area maintenance, real estate taxes and other recoverable costs are recognized in the period the related expenses are incurred. Lease incentives are amortized as a reduction of rental revenue over the respective tenant lease terms.

Termination fees (included in rental revenue) are fees that the Company has agreed to accept in consideration for permitting certain tenants to terminate their lease prior to the contractual expiration date. The Company recognizes termination fees in accordance with Securities and Exchange Commission Staff Accounting Bulletin 104, "Revenue Recognition," when the following conditions are met: (a) the termination agreement is executed; (b) the termination fee is determinable; (c) all landlord services pursuant to the terminated lease have been rendered; and (d) collectivity of the termination fee is assured. Interest income is recognized as it is earned. Gains or losses on disposition of properties are recorded when the criteria for recognizing such gains or losses under generally accepted accounting principles have been met.

The Company must make estimates as to the collectability of its accounts receivable related to base rent, straight-line rent, expense reimbursements and other revenues. Management analyzes accounts receivable and the allowance for bad debts by considering tenant creditworthiness, current economic trends, and changes in tenants' payment patterns when evaluating the adequacy of the allowance for doubtful accounts receivable. The Company also provides an allowance for future credit losses of the deferred straight-line rents receivable. The provision for doubtful accounts at both September 30, 2013 and December 31, 2012 was approximately $3.2 million.

Depreciation and Amortization

The Company uses the straight-line method for depreciation and amortization. Buildings are depreciated over the estimated useful lives which the Company estimates to be 39-40 years. Property improvements are depreciated over the estimated useful lives that range from 10 to 20 years. Furniture and fixtures are depreciated over the estimated useful lives that range from 3 to 10 years. Tenant improvements are amortized over the shorter of the life of the related leases or their useful life.

Deferred Charges

Deferred charges consist principally of leasing commissions and acquired lease origination costs (which are amortized ratably over the life of the tenant leases) and financing fees (which are amortized over the term of the related debt obligation). Deferred charges in the accompanying consolidated balance sheets are shown at cost, net of accumulated amortization of approximately $13.0 million and $9.1 million, as of September 30, 2013 and December 31, 2012, respectively.

Concentration of Credit Risk

Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents and tenant receivables. The Company places its cash and cash equivalents in excess of insured amounts with high quality financial institutions. The Company performs ongoing credit evaluations of its tenants and requires tenants to provide security deposits.

Earnings Per Share

Basic earnings per share ("EPS") excludes the impact of dilutive shares and is computed by dividing net income by the weighted average number of shares of common stock outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue shares of common stock were exercised or converted into shares of common stock and then shared in the earnings of the Company.

During both the three and nine months ended September 30, 2013 and 2012, the effect of the 41,400,000 warrants to purchase ROIC’s common stock (the "Public Warrants") issued in connection with ROIC’s initial public offering (the "IPO") and the 8,000,000 warrants (the "Private Placement Warrants") purchased by NRDC Capital Management, LLC (the "Sponsor") simultaneously with the consummation of the IPO, for the time these were outstanding during these periods, were included in the calculation of diluted EPS as the weighted average share price was greater than the exercise price during these periods. See Note 6 below.

For the three and nine months ended September 30, 2013 and 2012, basic EPS was determined by dividing net income allocable to common stockholders for the applicable period by the weighted average number of shares of common stock outstanding during such period. Net income during the applicable period is also allocated to the time-based unvested restricted stock as these grants are entitled to receive dividends and are therefore considered a participating security. Time-based unvested restricted stock is not allocated net losses and/or any excess of dividends declared over net income; such amounts are allocated entirely to the common stockholders other than the holders of time-based unvested restricted stock. The performance-based restricted stock awards outstanding under the 2009 Plan described in Note 7 are excluded from the basic EPS calculation, as these units are not participating securities until they vest.

The following table sets forth the reconciliation between basic and diluted EPS for ROIC:

	For the Three Months Ended						For the Nine Months Ended
	September 30, 2013			September 30, 2012			September 30, 2013			September 30, 2012
Numerator:
Net income attributable to ROIC	$	25,262,291		$	2,618,768		$	30,023,189		$	8,170,504
Less, earnings allocated to unvested shares		(20,736	)		(70,280	)		(57,623	)		(165,949	)
Net income available for common shareholders, basic and diluted	$	25,241,555		$	2,548,488		$	29,965,566		$	8,004,555

Denominator:
Denominator for basic EPS – weighted average common shares		72,025,017			51,440,751			65,810,620			50,483,251
Warrants		1,318,662			1,823,756			2,827,612			609,877
OP Units		143,055			—			48,209			—
Restricted stock awards – performance-based		134,402			126,697			123,661			125,071
Stock Options		59,094			54,634			61,263			47,512
Denominator for diluted EPS – weighted average common equivalent shares		73,680,230			53,445,838			68,871,365			51,265,711

Earnings Per Unit

The following table sets forth the reconciliation between basic and diluted earnings per unit for the Operating Partnership:

	For the Three Months Ended						For the Nine Months Ended
	September 30, 2013			September 30, 2012			September 30, 2013			September 30, 2012
Numerator:
Net income attributable to the Operating Partnership	$	25,262,291		$	2,618,768		$	30,023,189		$	8,170,504
Less, earnings allocated to unvested units		(20,736	)		(70,280	)		(57,623	)		(165,949	)
Net income available for unitholders, basic and diluted	$	25,241,555		$	2,548,488		$	29,965,566		$	8,004,555

Denominator:
Denominator for basic earnings per unit – weighted average units		72,168,072			51,440,751			65,858,829			50,483,251
Warrants		1,318,662			1,823,756			2,827,612			609,877
Restricted stock awards – performance-based		134,402			126,697			123,661			125,071
Stock Options		59,094			54,634			61,263			47,512
Denominator for diluted earnings per unit – weighted average units		73,680,230			53,445,838			68,871,365			51,265,711

Stock-Based Compensation

The Company has a stock-based employee compensation plan, which is more fully described in Note 7.

The Company accounts for its stock-based compensation plans based on the FASB guidance which requires that compensation expense be recognized based on the fair value of the stock awards less estimated forfeitures. Restricted stock grants vest based upon the completion of a service period ("time-based grants") and/or the Company meeting certain established financial performance criteria ("performance-based grants"). Time-based grants are valued according to the market price for ROIC’s common stock at the date of grant. For performance-based grants, the Company generally engages an independent appraisal company to determine the value of the shares at the date of grant, taking into account the underlying contingency risks associated with the performance criteria. It is the Company's policy to grant options with an exercise price equal to the quoted closing market price of stock on the grant date or the date immediately prior to the grant date. Awards of stock options and time-based grants stock are expensed as compensation ratably over the vesting period. Awards of performance-based grants are expensed as compensation under an accelerated method and are recognized in income regardless of the Company results against the performance criteria.

Derivatives

The Company records all derivatives on the balance sheet at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge.

Segment Reporting

The Company operates in one industry segment, ownership of commercial real estate properties. The Company does not distinguish in property operations for purposes of measuring performance. The Company reassesses its conclusion that it has one reportable operating segment at least annually.

Reclassifications

Certain reclassifications have been made to the prior period consolidated financial statements and notes to conform to the current year presentation.

- Definition

The entire disclosure for the organization, consolidation and basis of presentation of financial statements disclosure, and significant accounting policies of the reporting entity. May be provided in more than one note to the financial statements, as long as users are provided with an understanding of (1) the significant judgments and assumptions made by an enterprise in determining whether it must consolidate a VIE and/or disclose information about its involvement with a VIE, (2) the nature of restrictions on a consolidated VIE's assets reported by an enterprise in its statement of financial position, including the carrying amounts of such assets, (3) the nature of, and changes in, the risks associated with an enterprise's involvement with the VIE, and (4) how an enterprise's involvement with the VIE affects the enterprise's financial position, financial performance, and cash flows. Describes procedure if disclosures are provided in more than one note to the financial statements.

+ References+ Details

Note 2 - Real Estate Investments

9 Months Ended

Sep. 30, 2013

Table Text Block [Abstract]

Real Estate Investment Financial Statements, Disclosure [Table Text Block]

2.	Real Estate Investments

The following real estate investment transactions have occurred during the nine months ended September 30, 2013.

Property Acquisitions

On February 1, 2013, the Company acquired the property known as Diamond Bar Town Center located in Diamond Bar, California, within the Los Angeles metropolitan area, for a purchase price of approximately $27.4 million. Diamond Bar Town Center is approximately 100,000 square feet and is anchored by a national grocer. The property was acquired with borrowings under the Company’s credit facility.

On February 6, 2013, the Company acquired the property known as Bernardo Heights Plaza in Rancho Bernardo, California, within the San Diego metropolitan area, for a purchase price of approximately $12.4 million. Bernardo Heights Plaza is approximately 38,000 square feet and is anchored by Sprouts Farmers Market and Tuesday Morning. The property was acquired with cash of approximately $3.6 million and the assumption of an existing mortgage with a principal amount of approximately $8.9 million, and a fair value of approximately $9.7 million.

On April 15, 2013, the Company acquired the property known as Canyon Crossing Shopping Center located in Puyallup, Washington, within the Seattle metropolitan area, for a purchase price of approximately $35.0 million. Canyon Crossing Shopping Center is approximately 121,000 square feet and is anchored by Safeway Supermarket. The property was acquired using borrowings under the Company’s credit facility.

On April 22, 2013, the Company acquired the property known as Diamond Hills Plaza located in Diamond Bar, California, within the Los Angeles metropolitan area, for a purchase price of approximately $48.0 million. Diamond Hills Plaza is approximately 140,000 square feet and is anchored by an H Mart Supermarket and a Rite Aid. The property was acquired using borrowings under the Company’s credit facility.

On June 27, 2013, the Company acquired the property known as Hawthorne Crossings located in San Diego, California, for a purchase price of approximately $41.5 million. Hawthorne Crossings is approximately 141,000 square feet and is anchored by Mitsuwa Supermarket, Ross Dress For Less and Staples. The property was acquired using borrowings under the Company’s credit facility.

On June 27, 2013, the Company acquired the property known as Granada Shopping Center located in Livermore, California, for a purchase price of approximately $17.5 million. Granada Shopping Center is approximately 69,000 square feet and is anchored by SaveMart (Lucky) Supermarket. The property was acquired using borrowings under the Company’s credit facility.

On August 23, 2013, the Company acquired the property known as Robinwood Shopping Center located in West Linn, Oregon, for a purchase price of approximately $14.2 million. Robinwood Shopping Center is approximately 71,000 square feet and is anchored by Walmart Neighborhood Market. The property was acquired using borrowings under the Company’s credit facility.

On September 18, 2013, the Company acquired a parcel of land adjacent to one of its properties located in Pomona, California, for a purchase price of approximately $700,000. The parcel of land was acquired using available cash on hand.

Acquisitions of Entities

On September 27, 2013, the Company acquired the remaining 51% of the partnership interests in the Terranomics Crossroads Associates, LP from its joint venture partner. The purchase of the remaining interest was funded through the issuance of 2,639,632 OP Units with a fair value of approximately $36.4 million and the assumption of a $49.6 million mortgage loan on the property. Prior to the acquisition date, the Company accounted for its 49% interest in the Terranomics Crossroad Associates, LP as an equity method investment. The acquisition-date fair value of the previous equity interest was $36.0 million and is included in the measurement of the consideration transferred. The Company recognized a gain of $20.4 million as a result of remeasuring its prior equity interest in the venture held before the acquisition. The gain is included in the line item Gain on consolidation of joint venture in the consolidated income statement. The primary asset of Terranomics Crossroads Associates is Crossroads Shopping Center located in Bellevue, Washington, within the Seattle metropolitan area. Crossroads Shopping Center is approximately 464,000 square feet and is anchored by Kroger (QFC) Supermarket, Sports Authority and Bed Bath and Beyond.

On September 27, 2013, the Company acquired 100% of the membership interests in SARM Five Points Plaza, LLC for an adjusted purchase price of approximately $52.6 million. The primary asset of SARM Five Points Plaza, LLC is Five Points Plaza located in Huntington Beach, California. Five Points Plaza is approximately 161,000 square feet and is anchored by Trader Joes, Old Navy and Pier 1. The purchase of the membership interests was funded through approximately $43.6 million in cash using borrowings under the Company’s credit facility (of which approximately $17.2 million was used by the seller to pay off the existing financing) and the issuance of 650,631 OP Units with a fair value of approximately $9.0 million.

The financial information set forth below summarizes the Company's preliminary purchase price allocation for the properties and entities acquired during the nine months ended September 30, 2013.

	September 30, 2013
ASSETS
Land	$	92,737,353
Building and improvements		287,160,030
Cash and cash equivalents		552,213
Acquired lease intangible asset		12,645,524
Deferred charges		4,718,347
Tenant receivables and other assets		1,132,232
Assets acquired	$	398,945,699
LIABILITIES
Acquired lease intangible liability		6,444,176
Mortgage notes assumed		62,749,675
Accrued expenses and other liabilities		4,282,450
Liabilities assumed	$	73,476,301

The Company assessed the fair value of the lease intangibles based on estimated cash flow projections that utilize appropriate discount rates and available market information. Such inputs are Level 3 in the fair value hierarchy. See Note 9, “Fair Value of Financial Instruments,” for a discussion of the framework for measuring fair value.

Pro Forma Financial Information

The pro forma financial information set forth below is based upon the Company's historical consolidated statements of operations for the three and nine months ended September 30, 2013 and 2012, adjusted to give effect of these transactions as if they had been completed at the beginning of 2012.

The pro forma financial information is presented for informational purposes only and may not be indicative of what actual results of operations would have been had the transactions occurred at the beginning of each year, nor does it purport to represent the results of future operations.

	For the Three Months Ended					For the Nine Months Ended
	September 30, 2013			September 30, 2012		September 30, 2013		September 30, 2012
Statement of operations:
Revenues	$	31,583,264		$	29,649,795	$	94,490,509	$	91,581,332
Property operating and other (income) and expenses		(4,322,845	)		14,576,943		31,298,109		43,355,811
Depreciation and amortization		10,801,778			10,459,503		32,730,036		33,045,275
Net income attributable to Retail Opportunity Investments Corp.	$	25,104,331		$	4,613,349	$	30,462,364	$	15,180,246

The following table summarizes the operating results included in the Company's historical consolidated statement of operations for the three and nine months ended September 30, 2013, for the properties acquired during the nine months ended September 30, 2013.

	For the Three Months Ended		For the Nine Months Ended
	September 30, 2013		September 30, 2013
Statement of operations:
Revenues	$	3,704,067	$	6,267,584
Property operating and other expenses		1,562,393		2,798,255
Depreciation and amortization		1,709,838		2,970,022
Net income attributable to Retail Opportunity Investments Corp.	$	431,836	$	499,307

The following table summarizes the operating results included in the Company's historical consolidated statement of operations for the three and nine months ended September 30, 2012, for the properties acquired during the nine months ended September 30, 2012.

Consolidated Statements of Equity (Unaudited) (Parentheticals) (USD $)	9 Months Ended
	Sep. 30, 2013
Dividends per share	$ 0.45
Retained Earnings [Member]
Dividends per share	$ 0.45