Document and Entity Information (USD $)
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12 Months Ended | ||
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Dec. 31, 2014
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Feb. 18, 2015
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Jun. 30, 2014
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Entity Information [Line Items] | |||
Document Type | 10-K | ||
Amendment Flag | false | ||
Document Period End Date | Dec. 31, 2014 | ||
Document Fiscal Year Focus | 2014 | ||
Document Fiscal Period Focus | FY | ||
Entity Registrant Name | REGENCY CENTERS CORP | ||
Entity Central Index Key | 0000910606 | ||
Entity well-known seasoned filer | Yes | ||
Entity voluntary filer | No | ||
Entity Current Reporting Status | Yes | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Filer Category | Large Accelerated Filer | ||
Entity Common Stock Shares Outstanding | 94,127,031 | ||
Public Float | $ 5,045,698,716 | ||
Partnership Interest [Member]
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Entity Information [Line Items] | |||
Entity Registrant Name | REGENCY CENTERS LP | ||
Entity Central Index Key | 0001066247 | ||
Entity Filer Category | Accelerated Filer |
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- Definition
If the value is true, then the document is an amendment to previously-filed/accepted document. No definition available.
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- Definition
End date of current fiscal year in the format --MM-DD. No definition available.
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- Definition
This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY. No definition available.
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- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
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- Definition
The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD. No definition available.
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- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other". No definition available.
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- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument. No definition available.
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- Definition
Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition
Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Details
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- Definition
State aggregate market value of voting and non-voting common equity held by non-affiliates computed by reference to price at which the common equity was last sold, or average bid and asked price of such common equity, as of the last business day of registrant's most recently completed second fiscal quarter. The public float should be reported on the cover page of the registrants form 10K. No definition available.
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- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Indicate "Yes" or "No" if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. No definition available.
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- Definition
Indicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A. No definition available.
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- Definition
Exchangeable operating partnership units. No definition available.
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- Definition
Capital contributed by general partners. No definition available.
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- Definition
Straight Line Rent Receivable Net Of Reserve No definition available.
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- Definition
Sum of the carrying values as of the balance sheet date of obligations incurred through that date, including liabilities incurred and payable to vendors for goods and services received, taxes, interest, rent and utilities, compensation costs, payroll taxes and fringe benefits (other than pension and postretirement obligations), contractual rights and obligations, and statutory obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
For an unclassified balance sheet, the amount due from customers or clients for goods or services that have been delivered or sold in the normal course of business, reduced to their estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount as of the balance sheet date by which cumulative distributions to shareholders (or partners) exceed retained earnings (or accumulated earnings). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash, securities, or other assets held by a third-party trustee pursuant to the terms of an agreement which assets are available to be used by beneficiaries to that agreement only within the specific terms thereof and which agreement is expected to terminate more than one year from the balance sheet date (or operating cycle, if longer) at which time the assets held-in-trust will be released or forfeited. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Value of common stock issued to a trust (for example, a 'rabbi trust') set up specifically to accumulate stock for the sole purpose of distribution to participating employees. This trust does not allow employees to immediately or after a holding period diversify into nonemployer securities. The deferred compensation plan for which this trust is set up must be settled by the delivery of a fixed number of shares of employer stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts of deferred costs that are expected to be recognized as a charge against earnings in periods after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The current amount of expenditures for a real estate project that has not yet been completed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of the general partner's ownership interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate of the carrying amounts as of the balance sheet date of investments in building and building improvements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total investments in (A) an entity in which the entity has significant influence, but does not have control, (B) subsidiaries that are not required to be consolidated and are accounted for using the equity and or cost method, and (C) an entity in which the reporting entity shares control of the entity with another party or group. Includes long-term advances receivable from a party that is affiliated with the reporting entity by means of direct or indirect ownership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount before accumulated depletion of real estate held for productive use, excluding land held for sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of capital contributed by the limited partners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (that is, noncontrolling interest, previously referred to as minority interest). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Carrying amount of the equity interests owned by noncontrolling partners of a limited partnership included in the entity's consolidated financial statements. No definition available.
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- Definition
Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Net amount of the investment in a contractual right to receive money on demand or on fixed or determinable dates that is recognized as an asset in the creditor's statement of financial position. Examples include, but are not limited to, credit card receivables, notes receivable and receivables relating to lessor's rights to payments from leases other than operating leases that have been recorded as assets. Excludes trade accounts receivable with contractual maturity of one year or less and arose from the sale of goods or services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents a liability associated with the acquisition of an off-market lease when the terms of the lease are unfavorable to the market terms for the lease at the date of acquisition. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate carrying amounts, as of the balance sheet date, of assets not separately disclosed in the balance sheet. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of ownership interest of different classes of partners in limited partnership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cumulative amount of depreciation for real estate property held for investment purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of real estate investment property which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of real estate investment property, net of accumulated depreciation, which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of real estate investments, net of accumulated depreciation, which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; (7) other real estate investments; (8) real estate joint ventures; and (9) unconsolidated real estate and other joint ventures not separately presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The carrying amounts of cash and cash equivalent items which are restricted as to withdrawal or usage. Restrictions may include legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or entity statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits. Excludes compensating balance arrangements that are not agreements which legally restrict the use of cash amounts shown on the balance sheet. This element is for unclassified presentations; for classified presentations there is a separate and distinct element. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents money paid in advance to protect the provider of a product or service, such as a lessor, against damage or nonpayment by the buyer or tenant (lessee) during the term of the agreement. Such damages may include physical damage to the property, theft of property, and other contractual breaches. Security deposits held may be interest or noninterest bearing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Including the current and noncurrent portions, carrying value as of the balance sheet date of uncollateralized debt obligations (with maturities initially due after one year or beyond the operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Accumulated accretion No definition available.
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- Definition
Exchangeable Operating Partnership Units Aggregate Redemption Value No definition available.
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- Definition
Straight line rent receivable reserve No definition available.
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- Definition
Accumulated amortization of other deferred costs capitalized at the end of the reporting period. Does not include deferred finance costs, deferred acquisition costs of insurance companies, or deferred leasing costs for real estate operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
For an unclassified balance sheet, a valuation allowance for receivables due a company that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Face amount or stated value per share of common stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Number of common stock held in a trust that has been set up specifically to accumulate stock for the sole purpose of distribution to participating employees but not yet earned. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Accumulated amount of amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The number of general partner units outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The number of limited partner units outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The per share liquidation preference (or restrictions) of nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) that has a preference in involuntary liquidation considerably in excess of the par or stated value of the shares. The liquidation preference is the difference between the preference in liquidation and the par or stated values of the share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
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- Definition
Distributions Paid To Preferred Unit Holders. No definition available.
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- Definition
Management Transaction And Other Fees No definition available.
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- Definition
Net Income (Loss) attributable to Common Stockholders No definition available.
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- Definition
In a business combination achieved in stages, this element represents the amount of gain recognized by the entity as a result of remeasuring to fair value the equity interest in the acquiree it held before the business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Other income (loss) amounts, net of tax expense or benefit, relating to a disposal group that is classified as a component of the entity, exclusive of the following elsewhere enumerated categories: income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
After tax income (loss) from operations of a business component (exclusive of any gain (loss) on disposal, or provision therefore) during the reporting period, until its disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of current and deferred federal income tax expense (benefit) attributable to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The difference between the carrying value and the sale price of real estate or properties that were intended to be sold or held for capital appreciation or rental income. This element refers to the gain (loss) included in earnings and not to the cash proceeds of the sale. This element is a noncash adjustment to net income when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The charge against earnings in the period to reduce the carrying amount of real property to fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Per unit of ownership amount after tax of income (loss) from continuing operations available to limited partnership (LP) unit-holder and units that would have been outstanding assuming the issuance of limited partner units for dilutive potential units outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Per unit of ownership amount after tax of income (loss) from continuing operations available to limited partnership (LP) unit-holder in a publicly trade limited partnership (LP) or master limited partnership (MLP). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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X | ||||||||||
- Definition
Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Per diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Per unit of ownership amount after tax of gain (loss) on disposal of discontinued operations available to limited partnership (LP) unit-holder. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Per unit of ownership amount after tax of gain (loss) on disposal of discontinued operations available to limited partnership (LP) unit-holder and units that would have been outstanding assuming the issuance of limited partner units for all dilutive potential units outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This item represents the net total realized and unrealized gain (loss) included in earnings for the period as a result of selling or holding marketable securities categorized as trading, available-for-sale, or held-to-maturity, including the unrealized holding gain (loss) of held-to-maturity securities transferred to the trading security category and the cumulative unrealized gain (loss) which was included in other comprehensive income (a separate component of shareholders' equity) for available-for-sale securities transferred to trading securities during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate amount of net income allocated to general partners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Per unit of ownership amount after tax of income (loss) available to limited partnership (LP) unit-holder and units that would have been outstanding assuming the issuance of limited partner units for dilutive potential units outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Per unit of ownership amount after tax of income (loss) available to outstanding limited partnership (LP) unit-holder. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount after tax of income (loss) attributable to nonredeemable noncontrolling partner of a limited partnership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after tax of income (loss) attributable to nonredeemable noncontrolling partner in an operating partnership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after tax of income (loss) attributable to nonredeemable noncontrolling preferred unit holders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense. No definition available.
|
X | ||||||||||
- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The total amount of lease revenue recognized for the period for which the lessee was obligated under leasing arrangements regardless of any other events or conditions. This amount excludes contingent revenue and sublease revenue. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Other costs incurred during the reporting period related to other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element represents the rental revenue earned during the period from lessee-operators based on revenues generated in their operations, generally in excess of a base amount. Such rental revenue is generally stipulated in the lease agreement, usually will provide for a fixed percentage of revenue to be paid as additional (or possibly only) rent due the lessor, and may be based on gross revenues, net revenues, or multiple variations thereof. Percentage rent is often required under leases with retail outlets located on premises owned by hoteliers, cruise lines, others in the hospitality industry, and shopping mall operators, among others. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders. No definition available.
|
X | ||||||||||
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
A tax based on the assessed value of real estate by the local government. The tax is usually based on the value of property (including the land). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
In accordance with the provisions of their lease agreement, this element represents allowable charges due a landlord from its tenant. In retail store and office building leases, for example, tenant reimbursements may cover items such as taxes, utilities, and common area expenses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Consolidated Statements of Operations (Parenthetical) (Partnership Interest [Member], USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2014
|
Dec. 31, 2013
|
Dec. 31, 2012
|
|
Partnership Interest [Member]
|
|||
Interest Income | $ 1,210 | $ 1,643 | $ 1,675 |
Unrealized Gain on Securities | $ 1,058 | $ (2,231) | $ (888) |
X | ||||||||||
- Definition
Amount of operating interest income, including, but not limited to, amortization and accretion of premiums and discounts on securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The increase (decrease), resulting in a gain, in the difference between the fair value and the carrying value, or in the comparative fair values, of securities held at each balance sheet date, that was included in earnings for the period. No definition available.
|
X | ||||||||||
- Definition
Amortization of loss on derivative instruments No definition available.
|
X | ||||||||||
- Definition
Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The effective portion of gains and losses (net) on derivative instruments designated and qualifying as hedging instruments that was recognized in other comprehensive income during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after tax and reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount after tax of other comprehensive income (loss) attributable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after tax of reclassification adjustment from accumulated other comprehensive income for unrealized gain (loss) realized upon the sale of available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after tax of reclassification adjustment from accumulated other comprehensive income of accumulated gain (loss) realized from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after tax, before reclassification adjustments, of unrealized holding gain (loss) on available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Consolidated Statement of Changes in Equity (USD $)
In Thousands, except Per Share data, unless otherwise specified |
Total
|
Parent Company [Member]
|
Partnership Interest [Member]
|
Preferred Stock
Parent Company [Member]
|
Common Stock
Parent Company [Member]
|
Treasury Stock
Parent Company [Member]
|
Additional Paid In Capital
Parent Company [Member]
|
Accumulated Other Comprehensive Loss
|
Accumulated Other Comprehensive Loss
Parent Company [Member]
|
Accumulated Other Comprehensive Loss
Partnership Interest [Member]
|
Partners Capital Total [Member]
Partnership Interest [Member]
|
Distributions in Excess of Net Income
Parent Company [Member]
|
Preferred Units
Partnership Interest [Member]
|
General Partner Preferred and Common Units
Partnership Interest [Member]
|
Limited Partners [Member]
Partnership Interest [Member]
|
Total Stockholders' Equity [Member]
Parent Company [Member]
|
Noncontrolling Interests Preferred Units [Member]
Parent Company [Member]
|
Noncontrolling Interest Exchangeable Operating Partnership Units [Member]
Parent Company [Member]
|
Noncontrolling Interests in Limited Partners Interest in Consolidated Partnerships [Member]
Parent Company [Member]
|
Noncontrolling Interests in Limited Partners Interest in Consolidated Partnerships [Member]
Partnership Interest [Member]
|
Total Noncontrolling Interests [Member]
Parent Company [Member]
|
Preferred Units [Member]
Partnership Interest [Member]
|
Preferred Units [Member]
Accumulated Other Comprehensive Loss
Partnership Interest [Member]
|
Preferred Units [Member]
Partners Capital Total [Member]
Partnership Interest [Member]
|
Preferred Units [Member]
Preferred Units
Partnership Interest [Member]
|
Preferred Units [Member]
General Partner Preferred and Common Units
Partnership Interest [Member]
|
Preferred Units [Member]
Limited Partners [Member]
Partnership Interest [Member]
|
Preferred Units [Member]
Noncontrolling Interests in Limited Partners Interest in Consolidated Partnerships [Member]
Partnership Interest [Member]
|
Preferred Stock
Parent Company [Member]
|
Preferred Stock
Common Stock
Parent Company [Member]
|
Preferred Stock
Treasury Stock
Parent Company [Member]
|
Preferred Stock
Additional Paid In Capital
Parent Company [Member]
|
Preferred Stock
Accumulated Other Comprehensive Loss
Parent Company [Member]
|
Preferred Stock
Distributions in Excess of Net Income
Parent Company [Member]
|
Preferred Stock
Total Stockholders' Equity [Member]
Parent Company [Member]
|
Preferred Stock
Noncontrolling Interests Preferred Units [Member]
Parent Company [Member]
|
Preferred Stock
Noncontrolling Interest Exchangeable Operating Partnership Units [Member]
Parent Company [Member]
|
Preferred Stock
Noncontrolling Interests in Limited Partners Interest in Consolidated Partnerships [Member]
Parent Company [Member]
|
Preferred Stock
Total Noncontrolling Interests [Member]
Parent Company [Member]
|
Common Stock
Parent Company [Member]
|
Common Stock
Preferred Stock
Parent Company [Member]
|
Common Stock
Parent Company [Member]
|
Common Stock
Treasury Stock
Parent Company [Member]
|
Common Stock
Additional Paid In Capital
Parent Company [Member]
|
Common Stock
Accumulated Other Comprehensive Loss
Parent Company [Member]
|
Common Stock
Distributions in Excess of Net Income
Parent Company [Member]
|
Common Stock
Total Stockholders' Equity [Member]
Parent Company [Member]
|
Common Stock
Noncontrolling Interests Preferred Units [Member]
Parent Company [Member]
|
Common Stock
Noncontrolling Interest Exchangeable Operating Partnership Units [Member]
Parent Company [Member]
|
Common Stock
Noncontrolling Interests in Limited Partners Interest in Consolidated Partnerships [Member]
Parent Company [Member]
|
Common Stock
Total Noncontrolling Interests [Member]
Parent Company [Member]
|
Noncontrolling Interest Exchangeable Operating Partnership Units [Member]
Total Noncontrolling Interests [Member]
Parent Company [Member]
|
Noncontrolling Interests Preferred Units [Member]
Parent Company [Member]
|
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Beginning balance at Dec. 31, 2011 | $ (1,869,654) | $ (1,869,654) | $ (275,000) | $ (899) | $ 15,197 | $ (2,281,817) | $ 71,429 | $ (1,856,550) | $ 662,735 | $ (1,879,784) | $ (1,808,355) | $ (49,158) | $ 963 | $ (13,104) | $ (61,299) | ||||||||||||||||||||||||||||||||||||||
Common stock/unit per share | $ 1.85 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Net proceeds from common stock issuance | 21,542 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other comprehensive income: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income | 26,209 | 26,209 | 0 | 0 | 0 | 0 | 0 | 25,344 | 25,867 | 25,867 | (629) | 106 | 865 | ||||||||||||||||||||||||||||||||||||||||
Net Income (Loss) Attributable to Parent | 25,867 | 25,344 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | (25) | (25) | |||||||||||||||||||||||||||||||||||||||||||||||||||
Current period other comprehensive income, net | 13,711 | 13,711 | 0 | 0 | 0 | 0 | 13,711 | 13,714 | 13,742 | 0 | 0 | 13,714 | 0 | 28 | (31) | ||||||||||||||||||||||||||||||||||||||
Other Comprehensive (Income) Loss, Net of Tax, Portion Attributable to Noncontrolling Interest | (3) | (31) | |||||||||||||||||||||||||||||||||||||||||||||||||||
Deferred compensation plan | 12 | 12 | 0 | 0 | 273 | (261) | 0 | 12 | 0 | 12 | 12 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||
Restricted stock issued, net of amortization | 11,526 | 0 | 0 | 0 | 11,526 | 0 | 0 | 0 | 0 | 0 | 11,526 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||
Common stock redeemed for taxes withheld for stock based compensation, net | 0 | 0 | 0 | 0 | 0 | (1,474) | (1,474) | 0 | 0 | (1,474) | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||
Stock Redeemed or Called During Period, Value | (275,000) | 275,000 | (275,000) | 0 | 0 | (9,277) | 0 | 0 | 275,000 | (9,277) | 0 | 275,000 | 0 | (275,000) | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||
Stock Issued During Period, Value, Dividend Reinvestment Plan | 0 | 0 | 0 | 0 | 0 | 988 | 988 | 0 | 0 | 988 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||
Common stock issued for stock offerings, net of issuance costs | 21,542 | (313,900) | 0 | (5) | 0 | 0 | (313,900) | 0 | (313,900) | 0 | 0 | 0 | 0 | (325,000) | 0 | 0 | (11,100) | 0 | 0 | (313,900) | 0 | 0 | 0 | 0 | (21,537) | 0 | 0 | (21,542) | 0 | 0 | |||||||||||||||||||||||
Common stock issued for partnership units exchanged | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Net proceeds from issuance of preferred stock | 313,900 | 313,900 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Partners' Capital Account, Redemptions | (48,125) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (48,125) | 0 | 0 | (48,125) | (48,125) | 0 | (48,125) | (48,125) | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||
Contributions from partners | 3,362 | 3,362 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,362 | 3,362 | ||||||||||||||||||||||||||||||||||||||
Distributions To Partners | (1,001) | 166,736 | 0 | 0 | 0 | 0 | 0 | 0 | 165,735 | 0 | 0 | 165,411 | 324 | 0 | 0 | 0 | (1,001) | 1,001 | (1,001) | ||||||||||||||||||||||||||||||||||
Cash dividends declared: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred stock/unit | (23,658) | 23,658 | 0 | 0 | 0 | 0 | 0 | 0 | 23,658 | (404) | 23,254 | 0 | (23,254) | (404) | 0 | 0 | 0 | (404) | |||||||||||||||||||||||||||||||||||
Preferred stock dividends | (32,531) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Common stock/unit | (165,735) | 0 | 0 | 0 | 0 | 0 | (165,411) | (165,411) | 0 | (324) | 0 | (324) | |||||||||||||||||||||||||||||||||||||||||
Restricted Stock Issued By Parent Company Net Of Amortization | 11,526 | 11,526 | 11,526 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Common unit issued as a result of common stock issued by Parent Company, net of purchases | (21,056) | 0 | (21,056) | 0 | (21,056) | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
Common units exchanged for common stock of the parent company | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
Ending Balance at Dec. 31, 2012 | (1,745,911) | (1,745,911) | (325,000) | (904) | 14,924 | (2,312,310) | 57,715 | 57,715 | (1,729,612) | 834,810 | 0 | (1,788,480) | 1,153 | (1,730,765) | 0 | 1,153 | (16,299) | (16,299) | (15,146) | ||||||||||||||||||||||||||||||||||
Common stock/unit per share | $ 1.85 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Net proceeds from common stock issuance | 101,342 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other comprehensive income: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income | 151,285 | 151,285 | 0 | 0 | 0 | 0 | 0 | 150,080 | 149,804 | 149,804 | 0 | 276 | 1,205 | ||||||||||||||||||||||||||||||||||||||||
Net Income (Loss) Attributable to Parent | 149,804 | 150,080 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | 33 | 33 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Current period other comprehensive income, net | 40,418 | 40,418 | 0 | 0 | 0 | 0 | 40,418 | 40,311 | 40,386 | 0 | 0 | 40,311 | 0 | 75 | 32 | ||||||||||||||||||||||||||||||||||||||
Other Comprehensive (Income) Loss, Net of Tax, Portion Attributable to Noncontrolling Interest | 107 | 32 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Deferred compensation plan | 0 | 0 | 0 | (1,802) | 1,802 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||
Restricted stock issued, net of amortization | 14,141 | 0 | 0 | 0 | 14,141 | 0 | 0 | 0 | 0 | 0 | 14,141 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||
Common stock redeemed for taxes withheld for stock based compensation, net | (2,887) | 0 | 0 | 0 | (2,887) | 0 | 0 | (2,887) | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||
Stock Issued During Period, Value, Dividend Reinvestment Plan | 1,075 | 0 | 0 | 0 | 1,075 | 0 | 0 | 1,075 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||
Common stock issued for stock offerings, net of issuance costs | 99,753 | (99,753) | 0 | (19) | 0 | (99,734) | 0 | 0 | (99,753) | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||
Common stock issued for partnership units exchanged | (302) | (302) | 0 | 0 | 0 | 0 | (302) | 0 | 0 | (302) | 0 | (302) | 0 | (302) | |||||||||||||||||||||||||||||||||||||||
Net proceeds from issuance of preferred stock | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Partners' Capital Account, Redemptions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
Contributions from partners | 5,792 | 5,792 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,792 | 5,792 | ||||||||||||||||||||||||||||||||||||||
Distributions To Partners | (4,122) | 173,292 | 0 | 0 | 0 | 0 | 0 | 0 | 169,170 | 0 | 0 | 168,848 | 322 | 0 | 0 | 0 | (4,122) | 4,122 | (4,122) | ||||||||||||||||||||||||||||||||||
Cash dividends declared: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred stock/unit | (21,062) | 21,062 | 0 | 0 | 0 | 0 | 0 | 0 | 21,062 | 21,062 | 0 | 21,062 | 0 | (21,062) | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||
Preferred stock dividends | (21,062) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Common stock/unit | (169,170) | 0 | 0 | 0 | 0 | 0 | (168,848) | (168,848) | 0 | (322) | 0 | (322) | |||||||||||||||||||||||||||||||||||||||||
Restricted Stock Issued By Parent Company Net Of Amortization | 14,141 | 14,141 | 14,141 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Common unit issued as a result of common stock issued by Parent Company, net of purchases | 97,941 | 0 | 97,941 | 0 | 97,941 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
Common units exchanged for common stock of the parent company | 0 | 0 | 0 | 0 | (302) | 302 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
Ending Balance at Dec. 31, 2013 | (1,861,134) | (1,861,134) | (325,000) | (923) | 16,726 | (2,426,477) | 17,404 | 17,404 | (1,841,928) | 874,916 | 0 | (1,860,758) | 1,426 | (1,843,354) | 0 | 1,426 | (19,206) | (19,206) | (17,780) | ||||||||||||||||||||||||||||||||||
Common stock/unit per share | $ 1.88 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Net proceeds from common stock issuance | 103,821 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other comprehensive income: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income | 188,847 | 188,847 | 0 | 0 | 0 | 0 | 0 | 187,709 | 187,390 | 187,390 | 0 | 319 | 1,138 | ||||||||||||||||||||||||||||||||||||||||
Net Income (Loss) Attributable to Parent | 187,390 | 187,709 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | (606) | (606) | |||||||||||||||||||||||||||||||||||||||||||||||||||
Current period other comprehensive income, net | (40,615) | (40,615) | 0 | 0 | 0 | 0 | (40,615) | (40,344) | (40,414) | 0 | 0 | (40,344) | 0 | (70) | (201) | ||||||||||||||||||||||||||||||||||||||
Other Comprehensive (Income) Loss, Net of Tax, Portion Attributable to Noncontrolling Interest | (271) | (201) | |||||||||||||||||||||||||||||||||||||||||||||||||||
Deferred compensation plan | 0 | 0 | 0 | 2,656 | 2,656 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||
Restricted stock issued, net of amortization | 12,161 | 0 | 0 | 0 | 12,161 | 0 | 0 | 0 | 0 | 0 | 12,161 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||
Common stock redeemed for taxes withheld for stock based compensation, net | (3,493) | 0 | 0 | 0 | (3,493) | 0 | 0 | (3,493) | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||
Stock Issued During Period, Value, Dividend Reinvestment Plan | 1,184 | 0 | 0 | 0 | 1,184 | 0 | 0 | 1,184 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||
Common stock issued for stock offerings, net of issuance costs | 102,453 | (102,453) | 0 | (18) | 0 | (102,435) | 0 | 0 | (102,453) | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||
Common stock issued for partnership units exchanged | (137) | (137) | 0 | 0 | 0 | 0 | (137) | 0 | 0 | (137) | 0 | (137) | 0 | (137) | |||||||||||||||||||||||||||||||||||||||
Net proceeds from issuance of preferred stock | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Partners' Capital Account, Redemptions | (300) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (300) | 0 | (300) | (300) | 0 | (300) | 0 | 0 | 300 | 0 | ||||||||||||||||||||||||||||||||||
Contributions from partners | 16,204 | 16,204 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16,204 | 16,204 | ||||||||||||||||||||||||||||||||||||||
Distributions To Partners | (5,947) | 180,031 | 0 | 0 | 0 | (1,404) | 0 | 0 | 175,488 | 0 | 0 | 175,188 | 300 | (1,404) | 0 | 0 | (4,543) | 4,543 | (4,543) | ||||||||||||||||||||||||||||||||||
Cash dividends declared: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred stock/unit | (21,062) | 21,062 | 0 | 0 | 0 | 0 | 0 | 0 | 21,062 | 0 | 21,062 | 0 | (21,062) | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||
Preferred stock dividends | (21,062) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Common stock/unit | (174,084) | 0 | 0 | 0 | 0 | 0 | (173,784) | (173,784) | 0 | (300) | 0 | (300) | |||||||||||||||||||||||||||||||||||||||||
Restricted Stock Issued By Parent Company Net Of Amortization | 12,161 | 12,161 | 12,161 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Common unit issued as a result of common stock issued by Parent Company, net of purchases | 100,144 | 0 | 100,144 | 0 | (100,144) | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
Common units exchanged for common stock of the parent company | 0 | 0 | 0 | 0 | (137) | 137 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
Ending Balance at Dec. 31, 2014 | $ (1,936,482) | $ (1,936,482) | $ (325,000) | $ (941) | $ 19,382 | $ (2,540,153) | $ 57,748 | $ 57,748 | $ (1,904,678) | $ 882,372 | $ 0 | $ (1,964,340) | $ 1,914 | $ (1,906,592) | $ 0 | $ 1,914 | $ (31,804) | $ (31,804) | $ (29,890) |
X | ||||||||||
- Definition
Common unit issued as a result of common stock issued by Parent Company, net of purchases No definition available.
|
X | ||||||||||
- Definition
reg_commonunitsexchangedforcommonstockoftheparentcompany No definition available.
|
X | ||||||||||
- Definition
Deferred compensation plan, net activity No definition available.
|
X | ||||||||||
- Definition
Decrease in controlling interest balance from payment of dividends or other distributions to controlling interest holders. No definition available.
|
X | ||||||||||
- Definition
RestrictedStockIssuedByParentCompanyNetOfAmortizationNote12 No definition available.
|
X | ||||||||||
- Definition
Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of paid and unpaid common stock dividends declared with the form of settlement in cash. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of paid and unpaid preferred stock dividends declared with the form of settlement in cash. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after tax and reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount after tax of other comprehensive income (loss) attributable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after tax of reclassification adjustment from accumulated other comprehensive income of accumulated gain (loss) realized from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total contributions made by each class of partners (i.e., general, limited and preferred partners). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total change in each class of partners' capital accounts during the year due to redemptions and adjustments to redemption value. All partners include general, limited and preferred partners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders. No definition available.
|
X | ||||||||||
- Definition
The cash inflow from the additional capital contribution to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Proceeds from issuance of capital stock which provides for a specific dividend that is paid to the shareholders before any dividends to common stockholders and which takes precedence over common stockholders in the event of liquidation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Value of stock issued during the period upon the conversion of units. An example of a convertible unit is an umbrella partnership real estate investment trust unit (UPREIT unit). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Value of stock issued during the period from a dividend reinvestment plan (DRIP). A dividend reinvestment plan allows the holder of the stock to reinvest dividends paid to them by the entity on new issues of stock by the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Equity impact of the value of new stock issued during the period. Includes shares issued in an initial public offering or a secondary public offering. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Value of stock related to Restricted Stock Awards issued during the period, net of the stock value of such awards forfeited. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Value of stock (or other type of equity) issued during the period as a result of any equity-based compensation plan other than an employee stock ownership plan (ESOP), net of stock value of such awards forfeited. Stock issued could result from the issuance of restricted stock, the exercise of stock options, stock issued under employee stock purchase plans, and/or other employee benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Equity impact of the value of stock bought back by the entity at the exercise price or redemption price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Consolidated Statement of Changes in Equity (Parenthetical) (USD $)
|
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2014
|
Dec. 31, 2013
|
Dec. 31, 2012
|
|
Common stock/unit per share | $ 1.88 | $ 1.85 | $ 1.85 |
X | ||||||||||
- Definition
Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
|
X | ||||||||||
- Definition
Acquisition of previously unconsolidated real estate No definition available.
|
X | ||||||||||
- Definition
Value of stock issued during the period from a dividend reinvestment plan (DRIP). A dividend reinvestment plan allows the holder of the stock to reinvest dividends paid to them by the entity on new issues of stock by the entity, non-cash. No definition available.
|
X | ||||||||||
- Definition
The difference between the carrying value and the sale price of real estate or properties that were intended to be sold or held for capital appreciation or rental income. This element refers to the gain (loss) included in earnings and not to the cash proceeds of the sale. This element is a noncash adjustment to net income when calculating net cash generated by operating activities using the indirect method. The difference between the carrying value and the sale price of real estate or properties that were intended to be sold or held for capital appreciation or rental income. This element refers to the gain (loss) included in earnings and not to the cash proceeds of the sale. This element is a noncash adjustment to net income when calculating net cash generated by operating activities using the indirect method. The difference between the carrying value and the sale price of real estate or properties that were intended to be sold or held for capital appreciation or rental income. This element refers to the gain (loss) included in earnings and not to the cash proceeds of the sale. This element is a noncash adjustment to net income when calculating net cash generated by operating activities using the indirect method including discontinued operations. No definition available.
|
X | ||||||||||
- Definition
Loss On Settlement Of Derivative Instruments No definition available.
|
X | ||||||||||
- Definition
Payments for Acquisiton of Treasury Stock No definition available.
|
X | ||||||||||
- Definition
Payments of Preferred Dividends, Noncontrolling Interest No definition available.
|
X | ||||||||||
- Definition
Real estate received through distribution in kind No definition available.
|
X | ||||||||||
- Definition
Real Estate Received Through Foreclosure On Notes Receivable No definition available.
|
X | ||||||||||
- Definition
Scheduled Principal Payments. No definition available.
|
X | ||||||||||
- Definition
Stock based compensation capitalized No definition available.
|
X | ||||||||||
- Definition
Vested Stock deferred into rabbi trust No definition available.
|
X | ||||||||||
- Definition
Stock distributed out of rabbi trust No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of noncash expense included in interest expense to allocate debt discount and premium, and the costs to issue debt and obtain financing over the related debt instruments. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element represents the fair value of the noncontrolling interest in the acquiree at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
In a business combination achieved in stages, this element represents the amount of gain recognized by the entity as a result of remeasuring to fair value the equity interest in the acquiree it held before the business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The compensation expense recognized during the period pertaining to the deferred compensation arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate net amount of depreciation, amortization, and accretion recognized during an accounting period. As a noncash item, the net amount is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow or inflow increase (decrease) in distribution due to real estate partnership based upon payments and accruals. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of paid and unpaid preferred stock dividends declared with the form of settlement in cash. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The net gain (loss) recognized in earnings during the reporting period representing the amount of the cash flow hedges' ineffectiveness. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The increase (decrease) during the reporting period in the book value of deferred leasing fees. Amortization of these fees over the terms of the leases reduces deferred leasing fees. Originating new leases increases the balance of deferred leasing fees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The increase (decrease) during the period in the carrying value of derivative instruments reported as liabilities that are due to be disposed of within one year (or the normal operating cycle, if longer). No definition available.
|
X | ||||||||||
- Definition
The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets, or income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The net cash inflow or outflow for the increase (decrease) associated with funds that are not available for withdrawal or use (such as funds held in escrow) and are associated with underlying transactions that are classified as investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The increase (decrease) during the reporting period in security deposits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of operating dividend and interest income, including amortization and accretion of premiums and discounts, on trading securities and other forms of securities that provide ownership interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The fair value of loans assumed in noncash investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The amount of debt that an Entity assumes in acquiring a business or in consideration for an asset received in a noncash (or part noncash) acquisition. Noncash is defined as transactions during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow to reacquire preferred stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of cash outflow in the form of ordinary dividends to common shareholders of the parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of cash outflow in the form of ordinary dividends provided by the non-wholly owned subsidiary to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of cash outflow in the form of ordinary dividends to preferred shareholders of the parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow for loan origination associated cost which is usually collected through escrow. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Cash outflow for purchase of trading, available-for-sale securities and held-to-maturity securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow from the purchase of ownership in a partnership, the purpose of which is to construct, sell, hold or invest in real estate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow from the acquisition of a piece of land, anything permanently fixed to it, including buildings, structures on it and so forth; includes real estate intended to generate income for the owner; excludes real estate acquired for use by the owner. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Payments to develop real estate assets is the process of adding improvements on or to a parcel of land. Such improvements may include drainage, utilities, subdividing, access, buildings, and any combination of these elements; and are generally classified as cash flow from investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of cash outflow to a noncontrolling interest. Includes, but not limited to, reduction of noncontrolling interest ownership. Excludes dividends paid to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash inflow associated with principal collections from a borrowing supported by a written promise to pay an obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash inflow from earnings received from real estate partnerships. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash inflow from the issuance of common limited partners units during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Proceeds from issuance of capital stock which provides for a specific dividend that is paid to the shareholders before any dividends to common stockholders and which takes precedence over common stockholders in the event of liquidation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash inflow from the issuance of long-term debt that is not secured by collateral. Excludes proceeds from tax exempt unsecured debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of cash inflow from contractual arrangement with the lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash inflow from a borrowing supported by a written promise to pay an obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash inflow from the capital received in cash from a partner in a partnership during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash inflow associated with the aggregate amount received by the entity through sale or maturity of marketable securities (held-to-maturity or available-for-sale) during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Cash received from the sale of real estate that is held for investment, that is, it is part of an investing activity during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash inflow from the issuance of an equity stock that has been previously reacquired by the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of cash outflow for payment of an obligation from a lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow for a borrowing supported by a written promise to pay an obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow to repay long-term debt that is not secured by collateral. Excludes repayments of tax exempt unsecured debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Value of stock issued during the period upon the conversion of units. An example of a convertible unit is an umbrella partnership real estate investment trust unit (UPREIT unit). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Equity impact of the value of new stock issued during the period. Includes shares issued in an initial public offering or a secondary public offering. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Value of stock issued to shareholders as a dividend during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Difference between actual rental income due and rental income recognized on a straight-line basis. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
This item represents the gain (loss) realized during the period from the sale of trading securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Value transferred out of real estate owned (REO) in noncash transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Consolidated Statements of Cash Flows (Parenthetical) (Partnership Interest [Member], USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
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Dec. 31, 2014
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Dec. 31, 2013
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Dec. 31, 2012
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Partnership Interest [Member]
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Capitalized interest | $ 7,142 | $ 6,078 | $ 3,686 |
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- Definition
The amount of cash paid during the current period for interest that is capitalized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Summary of Significant Accounting Policies
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Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Significant Accounting Policies | Organization and Principles of Consolidation General Regency Centers Corporation (the “Parent Company”) began its operations as a Real Estate Investment Trust (“REIT”) in 1993 and is the general partner of Regency Centers, L.P. (the “Operating Partnership”). The Parent Company engages in the ownership, management, leasing, acquisition, and development of retail shopping centers through the Operating Partnership, and has no other assets or liabilities other than through its investment in the Operating Partnership. As of December 31, 2014, the Parent Company, the Operating Partnership, and their controlled subsidiaries on a consolidated basis (the "Company” or “Regency”) directly owned 202 retail shopping centers and held partial interests in an additional 120 retail shopping centers through investments in real estate partnerships (also referred to as "joint ventures" or "co-investment partnerships"). Estimates, Risks, and Uncertainties The preparation of the consolidated financial statements in conformity with U.S. Generally Accepted Accounting Principles (“GAAP”) requires the Company's management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities, at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The most significant estimates in the Company's financial statements relate to the carrying values of its investments in real estate, including its shopping centers, properties in development, and its investments in real estate partnerships, and accounts receivable, net. It is possible that the estimates and assumptions that have been utilized in the preparation of the consolidated financial statements could change significantly if economic conditions were to weaken. Consolidation The accompanying consolidated financial statements include the accounts of the Parent Company, the Operating Partnership, its wholly-owned subsidiaries, and consolidated partnerships in which the Company has a controlling interest. Investments in real estate partnerships not controlled by the Company are accounted for under the equity method. All significant inter-company balances and transactions are eliminated in the consolidated financial statements. Ownership of the Parent Company The Parent Company has a single class of common stock outstanding and two series of preferred stock outstanding (“Series 6 and 7 Preferred Stock”). The dividends on the Series 6 and 7 Preferred Stock are cumulative and payable in arrears quarterly. Ownership of the Operating Partnership The Operating Partnership's capital includes general and limited common Partnership Units. As of December 31, 2014, the Parent Company owned approximately 99.8% or 94,108,061 of the 94,262,231 outstanding common Partnership Units of the Operating Partnership. Net income and distributions of the Operating Partnership are allocable to the general and limited common Partnership Units in accordance with their ownership percentages. Investments in Real Estate Partnerships Investments in real estate partnerships not controlled by the Company are accounted for under the equity method. The accounting policies of the real estate partnerships are similar to the Company's accounting policies. Income or loss from these real estate partnerships, which includes all operating results (including impairment losses) and gains on sales of properties within the joint ventures, is allocated to the Company in accordance with the respective partnership agreements. Such allocations of net income or loss are recorded in equity in income of investments in real estate partnerships in the accompanying Consolidated Statements of Operations. The net difference in the carrying amount of investments in real estate partnerships and the underlying equity in net assets is either accreted to income and recorded in equity in income of investments in real estate partnerships in the accompanying Consolidated Statements of Operations over the expected useful lives of the properties and other intangible assets, which range in lives from 10 to 40 years, or recognized at liquidation if the joint venture agreement includes a unilateral right to elect to dissolve the real estate partnership and, upon such an election, receive a distribution in-kind, as discussed further below. Cash distributions of earnings from operations from investments in real estate partnerships are presented in cash flows provided by operating activities in the accompanying Consolidated Statements of Cash Flows. Cash distributions from the sale of a property or loan proceeds received from the placement of debt on a property included in investments in real estate partnerships are presented in cash flows provided by investing activities in the accompanying Consolidated Statements of Cash Flows. The Company evaluates the structure and the substance of its investments in the real estate partnerships to determine if they are variable interest entities. The Company has concluded that these partnership investments are not variable interest entities. Further, the joint venture partners in the real estate partnerships have significant ownership rights, including approval over operating budgets and strategic plans, capital spending, sale or financing, and admission of new partners. Upon formation of the joint ventures, the Company, through the Operating Partnership, also became the managing member, responsible for the day-to-day operations of the real estate partnerships. In accordance with the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 810, the Company evaluated its investment in each real estate partnership and concluded that the other partners have kick-out rights and/or substantive participating rights and, therefore, the Company has concluded that the equity method of accounting is appropriate for these investments and they do not require consolidation. Under the equity method of accounting, investments in real estate partnerships are initially recorded at cost, subsequently increased for additional contributions and allocations of income, and reduced for distributions received and allocations of loss. These investments are included in the consolidated financial statements as investments in real estate partnerships. Noncontrolling Interests The Company consolidates all entities in which it has a controlling ownership interest. A controlling ownership interest is typically attributable to the entity with a majority voting interest. Noncontrolling interest is the portion of equity, in a subsidiary or consolidated entity, not attributable, directly or indirectly to the Company. Such noncontrolling interests are reported on the Consolidated Balance Sheets within equity or capital, but separately from stockholders' equity or partners' capital. On the Consolidated Statements of Operations, all of the revenues and expenses from less-than-wholly-owned consolidated subsidiaries are reported in net income, including both the amounts attributable to the Company and noncontrolling interests. The amounts of consolidated net income attributable to the Company and to the noncontrolling interests are clearly identified on the accompanying Consolidated Statements of Operations. Noncontrolling Interests of the Parent Company The consolidated financial statements of the Parent Company include the following ownership interests held by owners other than the preferred and common stockholders of the Parent Company: (i) the limited Partnership Units in the Operating Partnership held by third parties (“Exchangeable operating partnership units”) and (ii) the minority-owned interest held by third parties in consolidated partnerships (“Limited partners' interests in consolidated partnerships”). The Parent Company has included all of these noncontrolling interests in permanent equity, separate from the Parent Company's stockholders' equity, in the accompanying Consolidated Balance Sheets and Consolidated Statements of Equity and Comprehensive Income (Loss). The portion of net income or comprehensive income attributable to these noncontrolling interests is included in net income and comprehensive income in the accompanying Consolidated Statements of Operations and Consolidated Statements of Comprehensive Income (Loss) of the Parent Company. In accordance with the FASB ASC Topic 480, securities that are redeemable for cash or other assets at the option of the holder, not solely within the control of the issuer, are classified as redeemable noncontrolling interests outside of permanent equity in the Consolidated Balance Sheets. The Parent Company has evaluated the conditions as specified under the FASB ASC Topic 480 as it relates to exchangeable operating partnership units outstanding and concluded that it has the right to satisfy the redemption requirements of the units by delivering unregistered common stock. Each outstanding exchangeable operating partnership unit is exchangeable for one share of common stock of the Parent Company, and the unit holder cannot require redemption in cash or other assets. Limited partners' interests in consolidated partnerships are not redeemable by the holders. The Parent Company also evaluated its fiduciary duties to itself, its shareholders, and, as the managing general partner of the Operating Partnership, to the Operating Partnership, and concluded its fiduciary duties are not in conflict with each other or the underlying agreements. Therefore, the Parent Company classifies such units and interests as permanent equity in the accompanying Consolidated Balance Sheets and Consolidated Statements of Equity. Noncontrolling Interests of the Operating Partnership The Operating Partnership has determined that limited partners' interests in consolidated partnerships are noncontrolling interests. The Operating Partnership has included these noncontrolling interests in permanent capital, separate from partners' capital, in the accompanying Consolidated Balance Sheets and Consolidated Statements of Capital. The portion of net income (loss) or comprehensive income (loss) attributable to these noncontrolling interests is included in net income and comprehensive income in the accompanying Consolidated Statements of Operations and Consolidated Statements Comprehensive Income (Loss) of the Operating Partnership. (b) Revenues and Accounts Receivable Leasing Revenue and Receivables The Company leases space to tenants under agreements with varying terms. Leases are accounted for as operating leases with minimum rent recognized on a straight-line basis over the term of the lease regardless of when payments are due. The Company estimates the collectibility of the accounts receivable related to base rents, straight-line rents, expense reimbursements, and other revenue taking into consideration the Company's historical write-off experience, tenant credit-worthiness, current economic trends, and remaining lease terms. The Company recorded the following provisions for doubtful accounts (in thousands):
The following table represents the components of accounts receivable, net of allowance for doubtful accounts, in the accompanying Consolidated Balance Sheets (in thousands):
Substantially all of the lease agreements with anchor tenants contain provisions that provide for additional rents based on tenants' sales volume ("percentage rent"). Percentage rents are recognized when the tenants achieve the specified targets as defined in their lease agreements. Substantially all lease agreements contain provisions for reimbursement of the tenants' share of real estate taxes, insurance and common area maintenance (“CAM”) costs. Recovery of real estate taxes, insurance, and CAM costs are recognized as the respective costs are incurred in accordance with the lease agreements. As part of the leasing process, the Company may provide the lessee with an allowance for the construction of leasehold improvements. These leasehold improvements are capitalized and recorded as tenant improvements, and depreciated over the shorter of the useful life of the improvements or the remaining lease term. If the allowance represents a payment for a purpose other than funding leasehold improvements, or in the event the Company is not considered the owner of the improvements, the allowance is considered to be a lease incentive and is recognized over the lease term as a reduction of minimum rent. Factors considered during this evaluation include, among other things, who holds legal title to the improvements as well as other controlling rights provided by the lease agreement and provisions for substantiation of such costs (e.g. unilateral control of the tenant space during the build-out process). Determination of the appropriate accounting for the payment of a tenant allowance is made on a lease-by-lease basis, considering the facts and circumstances of the individual tenant lease. When the Company is the owner of the leasehold improvements, recognition of lease revenue commences when the lessee is given possession of the leased space upon completion of tenant improvements. However, when the leasehold improvements are owned by the tenant, the lease inception date is the date the tenant obtains possession of the leased space for purposes of constructing its leasehold improvements. Real Estate Sales Profits from sales of real estate are recognized under the full accrual method by the Company when: (i) a sale is consummated; (ii) the buyer's initial and continuing investment is adequate to demonstrate a commitment to pay for the property; (iii) the Company's receivable, if applicable, is not subject to future subordination; (iv) the Company has transferred to the buyer the usual risks and rewards of ownership; and (v) the Company does not have substantial continuing involvement with the property. The Company sells shopping centers to joint ventures in exchange for cash equal to the fair value of the ownership interest of its partners. The Company accounts for those sales as “partial sales” and recognizes gains on those partial sales in the period the properties were sold to the extent of the percentage interest sold, and in the case of certain real estate partnerships, applies a more restrictive method of recognizing gains, as discussed further below. As of December 31, 2014, five of the Company's joint ventures (“DIK-JV”) give each partner the unilateral right to elect to dissolve the real estate partnership and, upon such an election, receive a distribution in-kind (“DIK”) of the assets of the real estate partnership equal to their respective capital account, which could include properties the Company previously sold to the real estate partnership. Because the contingency associated with the possibility of receiving a particular property back upon liquidation is not satisfied at the property level, but at the aggregate level, no deferred gain is recognized on an individual property sold by the DIK-JV to a third party or received by the Company upon actual dissolution. Instead, the property received upon dissolution is recorded at the carrying value of the Company's investment in the DIK-JV on the date of dissolution. However, the deferred gain is recognized if and when all such properties in the DIK-JV are sold to a third party. Management Services The Company is engaged under agreements with its joint venture partners to provide asset management, property management, leasing, investing, and financing services for such joint ventures' shopping centers. The fees are market-based, generally calculated as a percentage of either revenues earned or the estimated values of the properties managed or the proceeds received, and are recognized as services are rendered, when fees due are determinable, and collectibility is reasonably assured. The Company also receives transaction fees, as contractually agreed upon with a joint venture, which include fees such as acquisition fees, disposition fees, “promotes”, or “earnouts”, which are recognized as services are rendered, when fees due are determinable, and collectibility is reasonably assured. (c) Real Estate Investments Capitalization and Depreciation Maintenance and repairs that do not improve or extend the useful lives of the respective assets are recorded in operating and maintenance expense. The Company does not have a capitalization threshold. Depreciation is computed using the straight-line method over estimated useful lives of approximately 40 years for buildings and improvements, the shorter of the useful life or the remaining lease term subject to a maximum of 10 years for tenant improvements, and three to seven years for furniture and equipment. Development Costs Land, buildings, and improvements are recorded at cost. All specifically identifiable costs related to development activities are capitalized into properties in development on the accompanying Consolidated Balance Sheets. Properties in development are defined as properties that are in the construction or initial lease-up phase. Once a development property is substantially complete and held available for occupancy, costs are no longer capitalized. The capitalized costs include pre-development costs essential to the development of the property, development costs, construction costs, interest costs, real estate taxes, and allocated direct employee costs incurred during the period of development. Interest costs are capitalized into each development project based upon applying the Company's weighted average borrowing rate to that portion of the actual development costs expended. The Company discontinues interest cost capitalization when the property is no longer being developed or is available for occupancy upon substantial completion of tenant improvements, but in no event would the Company capitalize interest on the project beyond 12 months after substantial completion of the building shell. The following table represents the components of properties in development in the accompanying Consolidated Balance Sheets (in thousands):
Construction in process represents developments where the Company (i) has not yet incurred at least 90% of the expected costs to complete and is less than 95% leased, and (ii) percent leased is less than 90% and the project features less than one year of anchor tenant operations, and (iii) the anchor tenant has been open for less than two calendar years, and (iv) less than three years have passed since the start of construction. Land held for future development represents projects not in construction, but identified and available for future development when the market demand for a new shopping center exists. Pre-development costs represent the costs the Company incurs prior to land acquisition including contract deposits, as well as legal, engineering, and other external professional fees related to evaluating the feasibility of developing a shopping center. As of December 31, 2014 and 2013, the Company had refundable deposits of approximately $375,000 and $680,000, respectively, included in pre-development costs. If the Company determines that the development of a particular shopping center is no longer probable, any related pre-development costs previously capitalized are immediately expensed. During the years ended December 31, 2014, 2013, and 2012, the Company expensed pre-development costs of approximately $2.3 million, $528,000, and $1.5 million, respectively, in other operating expenses in the accompanying Consolidated Statements of Operations. Acquisitions The Company and the real estate partnerships account for business combinations using the acquisition method by recognizing and measuring the identifiable assets acquired, the liabilities assumed, and any noncontrolling interest in the acquiree at their acquisition date fair values. The Company expenses transaction costs associated with business combinations in the period incurred. The Company's methodology includes estimating an “as-if vacant” fair value of the physical property, which includes land, building, and improvements. In addition, the Company determines the estimated fair value of identifiable intangible assets, considering the following categories: (i) value of in-place leases, and (ii) above and below-market value of in-place leases. The value of in-place leases is estimated based on the value associated with the costs avoided in originating leases compared to the acquired in-place leases as well as the value associated with lost rental and recovery revenue during the assumed lease-up period. The value of in-place leases is recorded to amortization expense over the remaining initial term of the respective leases. Above-market and below-market in-place lease values for acquired properties are recorded based on the present value of the difference between (i) the contractual amounts to be paid pursuant to the in-place leases and (ii) management's estimate of fair market lease rates for comparable in-place leases, measured over a period equal to the remaining non-cancelable term of the lease. The value of above-market leases is amortized as a reduction of minimum rent over the remaining terms of the respective leases and the value of below-market leases is accreted to minimum rent over the remaining terms of the respective leases, including below-market renewal options, if applicable. The Company does not assign value to customer relationship intangibles if it has pre-existing business relationships with the major retailers at the acquired property since they do not provide incremental value over the Company's existing relationships. Held for Sale The Company classifies an operating property or a property in development as held-for-sale upon satisfaction of the following criteria: (i) management commits to a plan to sell a property (or group of properties), (ii) the property is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such properties, (iii) an active program to locate a buyer and other actions required to complete the plan to sell the property have been initiated, (iv) the sale of the property is probable and transfer of the asset is expected to be completed within one year, (v) the property is being actively marketed for sale at a price that is reasonable in relation to its current fair value, and (vi) actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn. The Company generally considers assets to be held for sale when the transaction has been approved by the appropriate level of management and there are no known significant contingencies relating to the sale such that the sale of the property within one year is considered probable. It is not unusual for real estate sales contracts to allow potential buyers a period of time to evaluate the property prior to formal acceptance of the contract. In addition, certain other matters critical to the final sale, such as financing arrangements, often remain pending even upon contract acceptance. As a result, properties under contract may not close within the expected time period, or may not close at all. The Company must make a determination as to the point in time that it is probable that a sale will be consummated. Generally this occurs when a sales contract is executed with no contingencies and the prospective buyer has significant funds at risk to ensure performance. Operating properties held-for-sale are carried at the lower of cost or fair value less costs to sell. The recording of depreciation and amortization expense is suspended during the held-for-sale period. If circumstances arise that previously were considered unlikely and, as a result, the Company decides not to sell a property previously classified as held-for-sale, the property is reclassified as held and used and is measured individually at the lower of its (i) carrying amount before the property was classified as held-for-sale, adjusted for any depreciation and amortization expense that would have been recognized had the property been continuously classified as held and used or (ii) the fair value at the date of the subsequent decision not to sell. The Company evaluated its property portfolio and did not identify any properties that would meet the above mentioned criteria for held-for-sale as of December 31, 2014 and 2013. Discontinued Operations On January 1, 2014, the Company prospectively adopted Financial Accounting Standards Board ("FASB") Accounting Standards Update ("ASU") No. 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, and all sales will be recorded in accordance with the ASU. The amendments in the ASU change the requirements for reporting discontinued operations. Under the new guidance, only disposals representing a strategic shift in operations should be presented as discontinued operations. Those strategic shifts should have a major effect on the organization's operations and financial results. In addition, the new guidance requires expanded disclosures about discontinued operations that will provide financial statement users with more information about the assets, liabilities, income, and expenses of discontinued operations. Prior to January 1, 2014, when the Company sold a property or classified a property as held-for-sale and would not have significant continuing involvement in the operation of the property, the operations of the property were eliminated from ongoing operations and classified in discontinued operations. Its operations, including any mortgage interest and gain on sale, were reported in discontinued operations so that the operations were clearly distinguished. Prior periods were also reclassified to reflect the operations of the property as discontinued operations. When the Company sold an operating property to a joint venture or to a third party, and would continue to manage the property, the operations and gain on sale were included in income from continuing operations. Impairment We evaluate whether there are any indicators, including property operating performance and general market conditions, that the value of the real estate properties (including any related amortizable intangible assets or liabilities) may not be recoverable. Through the evaluation, we compare the current carrying value of the asset to the estimated undiscounted cash flows that are directly associated with the use and ultimate disposition of the asset. Our estimated cash flows are based on several key assumptions, including rental rates, costs of tenant improvements, leasing commissions, anticipated hold period, and assumptions regarding the residual value upon disposition, including the exit capitalization rate. These key assumptions are subjective in nature and could differ materially from actual results. Changes in our disposition strategy or changes in the marketplace may alter the hold period of an asset or asset group which may result in an impairment loss and such loss could be material to the Company's financial condition or operating performance. To the extent that the carrying value of the asset exceeds the estimated undiscounted cash flows, an impairment loss is recognized equal to the excess of carrying value over fair value. If such indicators are not identified, management will not assess the recoverability of a property's carrying value. If a property previously classified as held and used is changed to held-for-sale, the Company estimates fair value, less expected costs to sell, which could cause the Company to determine that the property is impaired. The fair value of real estate assets is subjective and is determined through comparable sales information and other market data if available, or through use of an income approach such as the direct capitalization method or the traditional discounted cash flow approach. Such cash flow projections consider factors such as expected future operating income, trends and prospects, as well as the effects of demand, competition and other factors, and therefore is subject to management judgment and changes in those factors could impact the determination of fair value. In estimating the fair value of undeveloped land, the Company generally uses market data and comparable sales information. A loss in value of investments in real estate partnerships under the equity method of accounting, other than a temporary decline, must be recognized in the period in which the loss occurs. If management identifies indicators that the value of the Company's investment in real estate partnerships may be impaired, it evaluates the investment by calculating the fair value of the investment by discounting estimated future cash flows over the expected term of the investment. The Company established the following provisions for impairment (in thousands):
Tax Basis The net tax basis of the Company's real estate assets exceeds the book basis by approximately $129.7 million and $156.8 million at December 31, 2014 and 2013, respectively, primarily due to the property impairments recorded for book purposes and the cost basis of the assets acquired and their carryover basis recorded for tax purposes. (d) Cash and Cash Equivalents Any instruments which have an original maturity of 90 days or less when purchased are considered cash equivalents. As of December 31, 2014 and 2013, $8.0 million and $9.5 million, respectively, of cash was restricted through escrow agreements and certain mortgage loans. (e) Securities The Company determines the appropriate classification of its investments in debt and equity securities at the time of purchase and reevaluates such determinations at each balance sheet date. Debt securities are classified as held to maturity when the Company has the positive intent and ability to hold the securities to maturity. Marketable securities that are bought and held principally for the purpose of selling them in the near term are classified as trading securities and are reported at fair value, with unrealized gains and losses recognized in earnings. Debt and marketable equity securities not classified as held to maturity or as trading, are classified as available-for-sale, and are carried at fair value, with the unrealized gains and losses, net of tax, included in the determination of comprehensive income and reported in the Consolidated Statements of Comprehensive Income. The fair value of securities is determined using quoted market prices. (f) Deferred Costs Deferred costs include leasing costs and loan costs, net of accumulated amortization. Such costs are amortized over the periods through lease expiration or loan maturity, respectively. If the lease is terminated early, or if the loan is repaid prior to maturity, the remaining leasing costs or loan costs are written off. Deferred leasing costs consist of internal and external commissions associated with leasing the Company's shopping centers. The following table represents the components of deferred costs, net of accumulated amortization, in the accompanying Consolidated Balance Sheets (in thousands):
(1) Consist of initial direct and incremental costs associated with financing activities. (g) Derivative Financial Instruments The Company manages economic risks, including interest rate, liquidity, and credit risk primarily by managing the amount, sources, and duration of its debt funding and the use of derivative financial instruments. Specifically, the Company enters into derivative financial instruments to manage exposures that arise from business activities that result in the receipt or future payment of known and uncertain cash amounts, the amount of which are determined by interest rates. The Company's derivative financial instruments are used to manage differences in the amount, timing, and duration of the Company's known or expected cash payments principally related to the Company's borrowings. All derivative instruments, whether designated in hedging relationships or not, are recorded on the accompanying Consolidated Balance Sheets at their 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 attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge. The Company may enter into derivative contracts that are intended to economically hedge certain risks, even though hedge accounting does not apply or the Company elects not to apply hedge accounting. The Company uses interest rate swaps to mitigate its interest rate risk on a related financial instrument or forecasted transaction, and the Company designates these interest rate swaps as cash flow hedges. Interest rate swaps designated as cash flow hedges involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. The gains or losses resulting from changes in fair value of derivatives that qualify as cash flow hedges are recognized in other comprehensive income (“OCI”) while the ineffective portion of the derivative's change in fair value is recognized in the Statements of Operations as interest expense. Upon the settlement of a hedge, gains and losses remaining in OCI are amortized over the underlying term of the hedged transaction. The Company formally documents all relationships between hedging instruments and hedged items, as well as its risk management objectives and strategies for undertaking various hedge transactions. The Company assesses, both at inception of the hedge and on an ongoing basis, whether the derivatives that are used in hedging transactions are highly effective in offsetting changes in the cash flows and/or forecasted cash flows of the hedged items. In assessing the valuation of the hedges, the Company uses standard market conventions and techniques such as discounted cash flow analysis, option pricing models, and termination costs at each balance sheet date. All methods of assessing fair value result in a general approximation of value, and such value may never actually be realized. The cash receipts or payments to settle interest rate swaps are presented in cash flows provided by operating activities in the accompanying Consolidated Statements of Cash Flows. (h) Income Taxes The Parent Company believes it qualifies, and intends to continue to qualify, as a REIT under the Internal Revenue Code (the “Code”). As a REIT, the Parent Company will generally not be subject to federal income tax, provided that distributions to its stockholders are at least equal to REIT taxable income. Regency Realty Group, Inc. (“RRG”), a wholly-owned subsidiary of the Operating Partnership, is a Taxable REIT Subsidiary (“TRS”) as defined in Section 856(l) of the Code. RRG is subject to federal and state income taxes and files separate tax returns. As a pass through entity, the Operating Partnership's taxable income or loss is reported by its partners, of which the Parent Company, as general partner and approximately 99.8% owner, is allocated its pro-rata share of tax attributes. Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the estimated tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using the enacted tax rates in effect for the year in which these temporary differences are expected to be recovered or settled. Earnings and profits, which determine the taxability of dividends to stockholders, differs from net income reported for financial reporting purposes primarily because of differences in depreciable lives and cost bases of the shopping centers, as well as other timing differences. Tax positions are initially recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions shall initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts. The Company believes that it has appropriate support for the income tax positions taken and to be taken on its tax returns and that its accruals for tax liabilities are adequate for all open tax years (2011 and forward for federal and state) based on an assessment of many factors including past experience and interpretations of tax laws applied to the facts of each matter. (i) Earnings per Share and Unit Basic earnings per share of common stock and unit are computed based upon the weighted average number of common shares and units, respectively, outstanding during the period. Diluted earnings per share and unit reflect the conversion of obligations and the assumed exercises of securities including the effects of shares issuable under the Company's share-based payment arrangements, if dilutive. Dividends paid on the Company's share-based compensation awards are not participating securities as they are forfeitable. (j) Stock-Based Compensation The Company grants stock-based compensation to its employees and directors. The Company recognizes stock-based compensation based on the grant-date fair value of the award and the cost of the stock-based compensation is expensed over the vesting period. When the Parent Company issues common shares as compensation, it receives a like number of common units from the Operating Partnership. The Company is committed to contributing to the Operating Partnership all proceeds from the exercise of stock options or other share-based awards granted under the Parent Company's Long-Term Omnibus Plan (the “Plan”). Accordingly, the Parent Company's ownership in the Operating Partnership will increase based on the amount of proceeds contributed to the Operating Partnership for the common units it receives. As a result of the issuance of common units to the Parent Company for stock-based compensation, the Operating Partnership accounts for stock-based compensation in the same manner as the Parent Company. (k) Segment Reporting The Company's business is investing in retail shopping centers through direct ownership or through joint ventures. The Company actively manages its portfolio of retail shopping centers and may from time to time make decisions to sell lower performing properties or developments not meeting its long-term investment objectives. The proceeds from sales are reinvested into higher quality retail shopping centers, through acquisitions or new developments, which management believes will generate sustainable revenue growth and attractive returns. It is management's intent that all retail shopping centers will be owned or developed for investment purposes; however, the Company may decide to sell all or a portion of a development upon completion. The Company's revenues and net income are generated from the operation of its investment portfolio. The Company also earns fees for services provided to manage and lease retail shopping centers owned through joint ventures. The Company's portfolio is located throughout the United States. Management does not distinguish or group its operations on a geographical basis for purposes of allocating resources or capital. The Company reviews operating and financial data for each property on an individual basis; therefore, the Company defines an operating segment as its individual properties. The individual properties have been aggregated into one reportable segment based upon their similarities with regard to both the nature and economics of the centers, tenants and operational processes, as well as long-term average financial performance. (l) Business Concentration No single tenant accounts for 5% or more of revenue and none of the shopping centers are located outside the United States. (m) Fair Value of Assets and Liabilities Fair value is a market-based measurement, not an entity-specific measurement. Therefore, a fair value measurement is determined based on the assumptions that market participants would use in pricing the asset or liability. As a basis for considering market participant assumptions in fair value measurements, the Company uses a fair value hierarchy that distinguishes between market participant assumptions based on market data obtained from independent sources (observable inputs that are classified within Levels 1 and 2 of the hierarchy) and the Company's own assumptions about market participant assumptions (unobservable inputs classified within Level 3 of the hierarchy). The three levels of inputs used to measure fair value are as follows:
The Company also remeasures nonfinancial assets and nonfinancial liabilities, initially measured at fair value in a business combination or other new basis event, at fair value in subsequent periods. (n) Recent Accounting Pronouncements On January 1, 2014, the Company prospectively adopted FASB ASU No. 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, and all sales will be recorded in accordance with the ASU. The amendments in the ASU change the requirements for reporting discontinued operations. Under the new guidance, only disposals representing a strategic shift in operations should be presented as discontinued operations. Those strategic shifts should have a major effect on the organization's operations and financial results. In addition, the new guidance requires expanded disclosures about discontinued operations that will provide financial statement users with more information about the assets, liabilities, income, and expenses of discontinued operations. In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606), which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard is effective for the Company on January 1, 2017. Early adoption is not permitted. The standard permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the effect that ASU 2014-09 will have on its consolidated financial statements and related disclosures. The Company has not yet selected a transition method nor has it determined the effect of the standard on its ongoing financial reporting. |
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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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Real Estate Investments
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Real Estate [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Real Estate Investments | Real Estate Investments Acquisitions The following tables detail the shopping centers acquired or land acquired for development (in thousands):
(1) On March 7, 2014, the Company acquired an 80% controlling interest in the Fairfield Portfolio. As a result of consolidation, the Company recorded the non-controlling interest of approximately $15.4 million at fair value. The portfolio consists of three operating properties located in Fairfield, CT. (2) On October 24, 2014, Regency acquired the remaining 50% interest and gained control of this previously unconsolidated investment in real estate partnership that owns land for development. The $5.2 million purchase price includes the consideration paid to purchase the other partners interest as well as Regency's carrying value in the partnership. (3) On December 16, 2014, Regency acquired the remaining 50% interest and gained control of this previously unconsolidated investment in real estate partnership that owns a single operating property. As the operating property constitutes a business, acquisition of control was accounted for as a step acquisition and the net assets acquired were recognized at fair value. A gain of $18.3 million was recognized upon remeasurement as the difference between the fair value, of $14.1 million, and the carrying value of the Company's previously held equity interest. The fair value was measured based on an income approach, using rental growth rate of 3.0%, a discount rate of 7.0%, and a terminal cap rate of 6.1%. In addition, on March 20, 2013, the Company entered into a liquidation agreement with Macquarie Countrywide (US) No. 2, LLC ("CQR") to redeem its 24.95% interest through dissolution of the Macquarie CountryWide-Regency III, LLC (MCWR III) co-investment partnership through a DIK. The assets of the partnership were distributed as 100% ownership interests to CQR and Regency after a selection process, as provided for by the agreement. Regency selected one asset, Hilltop Village, which was recorded at the carrying value of the Company's equity investment in MCWR III, net of deferred gain, on the date of dissolution of $7.6 million, including a $7.5 million mortgage assumed. The real estate operations acquired are not considered material to Company, individually or in the aggregate. |
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The entire disclosure for certain real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Dispositions
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Discontinued Operations and Disposal Groups [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Discontinued Operations | 3. Property Dispositions Dispositions The following table provides a summary of shopping centers and land out-parcels disposed of ($ in thousands):
(1) One of the properties sold during 2013 was financed by the Company issuing a note receivable for the entire purchase price, which was subsequently collected during 2013. (2) On July 25, 2012, the Company sold a 15-property portfolio for total consideration of $321.0 million. As a result of entering into this agreement, the Company recognized a net impairment loss of $18.1 million. As of December 31, 2012, this asset group did not meet the definition of discontinued operations, in accordance with FASB ASC Topic 205-20, Presentation of Financial Statements - Discontinued Operations, based on its continuing cash flows as further discussed in note 4. The remaining five operating properties sold met the definition of discontinued operations and are included in income from discontinued operations in the Consolidated Statements of Operations. As a result of adopting ASU No. 2014-08, there were no discontinued operations for the year ended December 31, 2014 as none of the current year sales represented a strategic shift that would qualify as discontinued operations. The following table provides a summary of revenues and expenses from properties included in discontinued operations (in thousands):
(1) The operating income and gain on sales of properties included in discontinued operations are reported net of income taxes, if the property is sold by Regency Realty Group, Inc. ("RRG"), a wholly owned subsidiary of the Operating Partnership, which is a Taxable REIT subsidiary as defined by in Section 856(1) of the Internal Revenue Code. |
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The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Investments in Real Estate Partnerships
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Investments in Real Estate Partnerships | Investments in Real Estate Partnerships The Company invests in real estate partnerships, which consist of the following (in thousands):
(1) This partnership agreement has a unilateral right for election to dissolve the partnership and receive a DIK upon liquidation; therefore, the Company has applied the Restricted Gain Method to determine the amount of gain recognized on property sales to this partnership. During 2014, the Company did not sell any properties to this real estate partnership. (2) On August 13, 2013, the Fund sold 100% of its interest in its entire portfolio of shopping centers to a third party. The Fund was dissolved following the final distribution of proceeds made in 2014.
(1) This partnership agreement has a unilateral right for election to dissolve the partnership and receive a DIK upon liquidation; therefore, the Company has applied the Restricted Gain Method to determine the amount of gain recognized on property sales to this partnership. During 2013, the Company did not sell any properties to this real estate partnership. (2) As of December 31, 2012, our ownership interest in MCWR III was 24.95%. The liquidation of MCWR III was complete effective March 20, 2013. (3) On August 13, 2013, the Fund sold 100% of its interest in its entire portfolio of shopping centers to a third party. The Fund was dissolved following the final distribution of proceeds made in 2014. (4) On October 23, 2013, the Company sold 100% of its interest in the BRET unconsolidated real estate partnership and received a capital distribution of $47.5 million, plus its share of the undistributed income of the partnership and an early redemption premium. Regency no longer has any interest in the BRET partnership. In addition to earning its pro-rata share of net income or loss in each of these real estate partnerships, the Company received recurring, market-based fees for asset management, property management, and leasing, as well as fees for investment and financing services, totaling $23.0 million, $24.2 million, and $25.4 million for the years ended December 31, 2014, 2013, and 2012, respectively. The summarized balance sheet information for the investments in real estate partnerships, on a combined basis, is as follows (in thousands):
The following table reconciles the Company's capital in unconsolidated partnerships to the Company's investments in real estate partnerships (in thousands):
(1) On December 16, 2014, Regency acquired the remaining 50% interest and gained control of this previously unconsolidated investment in real estate partnership that owns a single operating property. As the operating property constitutes a business, acquisition of control was accounted for as a step acquisition and the net assets acquired were recognized at fair value. A gain of $18.3 million was recognized upon remeasurement as the difference between the fair value and carrying value of the Company's previously held equity interest, using an income approach to measure fair value. The revenues and expenses for the investments in real estate partnerships, on a combined basis, are summarized as follows (in thousands):
Acquisitions The following table provides a summary of shopping centers and land parcels acquired through our unconsolidated co-investment partnerships (in thousands):
Dispositions The following table provides a summary of shopping centers and land out-parcels disposed of through our unconsolidated co-investment partnerships during the years ended December 31, 2014, 2013, and 2012 (dollars in thousands):
Notes Payable As of December 31, 2014, scheduled principal repayments on notes payable of the investments in real estate partnerships were as follows (in thousands):
These loans are all non-recourse and Regency's proportionate share was $506.8 million at December 31, 2014. Maturities will be repaid from proceeds from refinancing and partner capital contributions. The Company is obligated to contribute its pro-rata share to fund maturities if the loans are not refinanced. The Company believes that its partners are financially sound and have sufficient capital or access thereto to fund future capital requirements. In the event that a co-investment partner was unable to fund its share of the capital requirements of the co-investment partnership, the Company would have the right, but not the obligation, to loan the defaulting partner the amount of its capital call. |
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The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Notes Receivable
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12 Months Ended |
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Dec. 31, 2014
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Receivables [Abstract] | |
Notes Receivable | Notes Receivable The Company had notes receivable of $12.1 million and $12.0 million at December 31, 2014 and 2013, respectively. The loans have fixed interest rates of 7.0% with maturity dates through January 2019 and are secured by real estate held as collateral. |
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The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Acquired Lease Intangibles
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Goodwill and Intangible Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquired Lease Intangible | Acquired Lease Intangibles The Company had the following acquired lease intangibles, net of accumulated amortization and accretion (in thousands):
The following table provides a summary of amortization and net accretion amounts from acquired lease intangibles (dollar amounts in thousands):
(1) Amounts are recorded as a reduction to minimum rent. (2) Amounts are recorded as an increase to minimum rent. (3) Above and below market ground lease amortization and accretion are recorded as an offset to other operating expenses. The estimated aggregate amortization and net accretion amounts from acquired lease intangibles for the next five years are as follows (in thousands):
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The entire disclosure for all or part of the information related to intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Income Taxes
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Income Tax Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income Taxes | Income Taxes The following table summarizes the tax status of dividends paid on our common shares:
RRG is subject to federal and state income taxes and files separate tax returns. Income tax expense consists of the following (in thousands):
Income tax expense (benefit) is included in the Consolidated Statements of Operations as either income tax expense (benefit) of taxable REIT subsidiaries, if the related income is from continuing operations, or is presented net of gains on sale of real estate, if the taxable income is from the gain on sale. Income tax expense (benefit) is included in discontinued operations, net of gains on sale of real estate, if the taxable income is from the gain on sale that qualified as discontinued operations, as follows (in thousands):
Income tax expense (benefit) differed from the amounts computed by applying the U.S. Federal income tax rate of 34% to pretax income of RRG as follows (in thousands):
The following table represents the Company's net deferred tax assets recorded in accounts payable and other liabilities in the accompanying Consolidated Balance Sheets (in thousands):
During the years ended December 31, 2014 and 2013, the net change in the total valuation allowance was $3.3 million and $1.5 million, respectfully. The evaluation of the recoverability of the deferred tax assets and the need for a valuation allowance requires the Company to weigh all positive and negative evidence to reach a conclusion that it is more likely than not that all or some portion of the deferred tax assets will not be realized. The Company's framework for assessing the recoverability of deferred tax assets includes weighing recent taxable income (loss), projected future taxable income (loss) of the character necessary to realize the deferred tax assets, the carryforward periods for the net operating loss, including the effect of reversing taxable temporary differences, and prudent feasible tax planning strategies that would be implemented, if necessary, to protect against the loss of deferred tax assets. As of December 31, 2014, the projected future taxable income and unpredictable nature of potential property sales with built in losses within the TRS caused the Company to determine that it is still more likely than not that the net deferred tax assets will not be realized. As a result, the deferred tax asset continues to be fully reserved. The Company accounts for uncertainties in income tax law in accordance with FASB ASC Topic 740, under which tax positions shall initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions shall initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts. The Company believes that it has appropriate support for the income tax positions taken and to be taken on its tax returns and that its accruals for tax liabilities are adequate for all open tax years based on an assessment of many factors including past experience and interpretations of tax laws applied to the facts of each matter. Federal and state tax returns are open from 2011 and forward for the Company. |
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The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Notes Payable and Unsecured Credit Facilities
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Dec. 31, 2014
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Debt Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable and Unsecured Credit Facilities | Notes Payable and Unsecured Credit Facilities The Parent Company does not have any indebtedness, but guarantees all of the unsecured debt and 15.5% of the secured debt of the Operating Partnership. The Company’s debt outstanding as of December 31, 2014 and 2013 consists of the following (in thousands):
(1) Interest rate swaps are in place to fix the interest rates on these variable rate mortgage loans. See note 10. Notes Payable Notes payable consist of mortgage loans secured by properties and unsecured public debt. Mortgage loans may be prepaid, but could be subject to yield maintenance premiums. Mortgage loans are generally due in monthly installments of principal and interest or interest only, whereas, interest on unsecured public debt is payable semi-annually. The Company is required to comply with certain financial covenants for its unsecured public debt as defined in the indenture agreements such as the following ratios: Consolidated Debt to Consolidated Assets, Consolidated Secured Debt to Consolidated Assets, Consolidated Income for Debt Service to Consolidated Debt Service, and Unencumbered Consolidated Assets to Unsecured Consolidated Debt. As of December 31, 2014, management of the Company believes it is in compliance with all financial covenants for its unsecured public debt. As of December 31, 2014, the key terms of the Company's fixed rate notes payable are as follows:
As of December 31, 2014, the Company had one variable rate mortgage loan, which has an interest rate swap in place for the initial principal balance effectively fixing the interest rate through the maturity of the loan (as discussed in note 10), with key terms as follows ($ in thousands):
Unsecured Credit Facilities The Company has an unsecured line of credit commitment (the "Line") and an unsecured term loan commitment (the "Term Loan") under separate credit agreements, both with Wells Fargo Bank and a syndicate of other banks. The Company is required to comply with certain financial covenants as defined in the Line and Term Loan credit agreements, such as Minimum Tangible Net Worth, Ratio of Indebtedness to Total Asset Value ("TAV"), Ratio of Unsecured Indebtedness to Unencumbered Asset Value, Ratio of Adjusted Earnings Before Interest Taxes Depreciation and Amortization (“EBITDA”) to Fixed Charges, Ratio of Secured Indebtedness to TAV, Ratio of Unencumbered Net Operating Income to Unsecured Interest Expense, and other covenants customary with this type of unsecured financing. As of December 31, 2014, management of the Company believes it is in compliance with all financial covenants for the Line and Term Loan. As of December 31, 2014, the key terms of the Line and Term Loan are as follows (dollars in thousands):
(1) The Company has the ability to increase the Line through an accordion feature to $1.0 billion. (2) Borrowing capacity is reduced by the balance of outstanding borrowings and commitments under outstanding letters of credit. (3) Maturity is subject to a one-year extension at the Company's option. (4) The facility fee is subject to an adjustment based on the higher of the Company's corporate credit ratings from Moody's and S&P. (5) The Company has the ability to utilize the additional $90.0 million through August 31, 2015. (6) Interest rate is subject to Regency maintaining its corporate credit and senior unsecured ratings at BBB. (7) Subject to a fee of 0.20% per annum on the undrawn balance. As of December 31, 2014, scheduled principal payments and maturities on notes payable and unsecured credit facilities were as follows (in thousands):
(1) Includes unsecured public debt and unsecured credit facilities. |
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The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Derivative Financial Instruments
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Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative Financial Instruments | Derivative Financial Instruments The following table summarizes the terms and fair values of the Company's derivative financial instruments, as well as their classification on the Consolidated Balance Sheets (dollars in thousands):
(1) Represents the earliest date which the counterparty has the right to require cash settlement of the derivative. The Company may settle these swaps at any time before the mandatory settlement date. (2) The Company issued $250 million of 3.75%, fixed rate ten year unsecured bonds in May 2014. Prior to issuing the bonds, the Company locked in the ten year treasury rate using forward starting interest rate swaps to mitigate the risk of interest rates rising. In connection with the issuance of the new bonds, the Company terminated and settled these swaps, resulting in net cash proceeds of $4.6 million. These proceeds will offset bond interest expense over the life of the bonds, resulting in a lower effective interest rate of 3.59%. (3) Derivatives in an asset position are included within Other Assets in the accompanying Consolidated Balance Sheets, while those in a liability position are included within Accounts Payable and Other Liabilities. These derivative financial instruments are all interest rate swaps, which are designated and qualify as cash flow hedges. The Company does not use derivatives for trading or speculative purposes and currently does not have any derivatives that are not designated as hedges. The Company has master netting agreements, however the Company does not have multiple derivatives subject to a single master netting agreement with the same counterparties. Therefore none are offset in the accompanying Consolidated Balance Sheets. The Company expects to issue new debt in 2015 and 2017. In order to mitigate the risk of interest rates rising before new borrowings are obtained, the Company previously entered into $220 million of forward starting interest rate swaps to partially hedge the new debt expected to be issued in 2015 and another $220 million of forward starting interest rate swaps to partially hedge the new debt expected to be issued in 2017. These interest rate swaps lock in the 10-year treasury rate and swap spread at a weighted average fixed rate of 2.67% and 3.48%, respectively. A current market based credit spread applicable to Regency will be added to the locked in fixed rate at time of issuance that will determine the final bond yield. The effective portion of changes in the fair value of derivatives designated and qualifying as cash flow hedges is recorded in accumulated other comprehensive income (loss) ("AOCI") and subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. The ineffective portion of the change in fair value of the derivatives is recognized directly in earnings within interest expense. The following table represents the effect of the derivative financial instruments on the accompanying consolidated financial statements (in thousands):
As of December 31, 2014, the Company expects $8.7 million of net deferred losses on derivative instruments accumulated in other comprehensive income to be reclassified into earnings during the next 12 months, of which $8.0 million is related to previously settled swaps. |
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The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Fair Value Measurements
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Dec. 31, 2014
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Fair Value Disclosures [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements | Fair Value Measurements (a) Disclosure of Fair Value of Financial Instruments All financial instruments of the Company are reflected in the accompanying Consolidated Balance Sheets at amounts which, in management's estimation, reasonably approximates their fair values, except for the following (in thousands):
The table above reflects carrying amounts in the accompanying Consolidated Balance Sheets under the indicated captions. The above fair values represent the amounts that would be received from selling those assets or that would be paid to transfer those liabilities in an orderly transaction between market participants as of December 31, 2014 and 2013. These fair value measurements maximize the use of observable inputs. However, in situations where there is little, if any, market activity for the asset or liability at the measurement date, the fair value measurement reflects the Company's own judgments about the assumptions that market participants would use in pricing the asset or liability. The Company develops its judgments based on the best information available at the measurement date, including expected cash flows, appropriately risk-adjusted discount rates, and available observable and unobservable inputs. Service providers involved in fair value measurements are evaluated for competency and qualifications on an ongoing basis. The Company's valuation policies and procedures are determined by its Finance Group, which reports to the Chief Financial Officer, and the results of material fair value measurements are discussed with the Audit Committee of the Board of Directors on a quarterly basis. As considerable judgment is often necessary to estimate the fair value of these financial instruments, the fair values presented above are not necessarily indicative of amounts that will be realized upon disposition of the financial instruments. The following methods and assumptions were used to estimate the fair value of these financial instruments: Notes Receivable The fair value of the Company's notes receivable is estimated by calculating the present value of future contractual cash flows discounted at interest rates available for notes of the same terms and maturities, adjusted for counter-party specific credit risk. The fair value of notes receivable was determined primarily using Level 3 inputs of the fair value hierarchy, which considered counter-party credit risk and loan to value ratio on the underlying property securing the note receivable. Notes Payable The fair value of the Company's notes payable is estimated by discounting future cash flows of each instrument at interest rates that reflect the current market rates available to the Company for debt of the same terms and maturities. Fixed rate loans assumed in connection with real estate acquisitions are recorded in the accompanying consolidated financial statements at fair value at the time the property is acquired. The fair value of the notes payable was determined using Level 2 inputs of the fair value hierarchy. Unsecured Credit Facilities The fair value of the Company's unsecured credit facilities is estimated based on the interest rates currently offered to the Company by financial institutions. The fair value of the credit facilities was determined using Level 2 inputs of the fair value hierarchy. The following interest rates were used by the Company to estimate the fair value of its financial instruments:
(b) Fair Value Measurements The following financial instruments are measured at fair value on a recurring basis: Trading Securities Held in Trust The Company has investments in marketable securities that are classified as trading securities held in trust on the accompanying Consolidated Balance Sheets. The fair value of the trading securities held in trust was determined using quoted prices in active markets, considered Level 1 inputs of the fair value hierarchy. Changes in the value of trading securities are recorded within net investment (income) loss in the accompanying Consolidated Statements of Operations. Interest Rate Derivatives The fair value of the Company's interest rate derivatives is determined using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves and implied volatilities. The Company incorporates credit valuation adjustments to appropriately reflect both its own nonperformance risk and the respective counterparty's nonperformance risk in the fair value measurements. Although the Company has determined that the majority of the inputs used to value its derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with its derivatives utilize Level 3 inputs, such as estimates of current credit spreads, to evaluate the likelihood of default by the Company and its counterparties. The Company has assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative positions and has determined that the credit valuation adjustments on the overall valuation adjustments are not significant to the overall valuation of its interest rate swaps. As a result, the Company determined that its interest rate swaps valuation in its entirety is classified in Level 2 of the fair value hierarchy. The following table presents the placement in the fair value hierarchy of assets and liabilities that are measured at fair value on a recurring basis (in thousands):
The following tables present assets that were measured at fair value on a nonrecurring basis (in thousands):
Long-lived assets held and used are comprised primarily of real estate. Fair value for the long-lived assets held and used measured using Level 3 inputs was determined through the use of market comparables to estimate anticipated sales value. The income approach estimates an income stream for a property (typically 10 years) and discounts this income plus a reversion (presumed sale) into a present value at a risk adjusted rate. Yield rates and growth assumptions utilized in this approach are derived from property specific information, market transactions, and other financial and industry data. The terminal cap rate and discount rate are significant inputs to this valuation. During the year ended December 31, 2014, the Company recognized a $175,000 impairment on two parcels of land held at December 31, 2014, with the fair value measured based on the anticipated sales price of the land. During the year ended December 31, 2013, the Company recognized a $6 million impairment on a single operating property as a result of an unoccupied anchor declaring bankruptcy, and the inability of the Company, at that time, to re-lease the anchor space. The following are the key inputs used in determining the fair value of real estate measured using Level 3 inputs during the year ended December 31, 2013:
Changes in these inputs could result in a change in the valuation of the real estate and a change in the impairment loss recognized during the period. |
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The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Equity and Capital
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Dec. 31, 2014
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Equity and Capital | Equity and Capital Preferred Stock of the Parent Company Terms and conditions of the preferred stock outstanding are summarized as follows:
The Series 6 and 7 preferred shares are perpetual, absent a change in control of the Parent Company, are not convertible into common stock of the Parent Company, and are redeemable at par upon the Company’s election beginning 5 years after the issuance date. None of the terms of the preferred stock contain any unconditional obligations that would require the Company to redeem the securities at any time or for any purpose. Common Stock of the Parent Company Issuances: In August 2013, the Parent Company filed a prospectus supplement with respect to a new ATM equity offering program, which ended the prior program established in August 2012. The August 2013 program has similar terms and conditions as the August 2012 program, and authorizes the Parent Company to sell up to $200 million of common stock. As of December 31, 2013, $198.4 million in common stock remained available for issuance under this ATM equity program. In March 2014, the Parent Company filed a prospectus supplement with the Securities and Exchange Commission with respect to a new ATM equity offering program, ending the prior program established in August 2013. The March 2014 program has similar terms and conditions as the August 2013 program and authorizes the Parent Company to sell up to $200.0 million of common stock at prices determined by the market at the time of sale. As of December 31, 2014, $96.0 million in common stock remained available for issuance under this ATM equity program. The following shares were issued under the ATM equity program (in thousands, except share data):
In January 2015, the Parent Company entered into a forward sale and an underwritten public offering of 2.875 million shares of its common stock at a price of $67.40 per share which will result in gross proceeds of approximately $193.8 million, before any underwriting discount and offering expenses. The forward sale will settle on one or more dates occurring no later than approximately 12 months after the date of the offering. The Company intends to use any net proceeds that it receives upon settlement of the forward sale agreement to fund development and redevelopment activities, fund potential acquisition opportunities, repay maturing debts, and/or for general corporate purposes. Preferred Units of the Operating Partnership Preferred units for the Parent Company are outstanding in relation to the Parent Company's preferred stock, as discussed above. Common Units of the Operating Partnership Issuances: Common units were issued to the Parent Company in relation to the Parent Company's issuance of common stock, as discussed above. General Partner The Parent Company, as general partner, owned the following Partnership Units outstanding (in thousands):
Limited Partners The Operating Partnership had 154,170 and 165,796 limited Partnership Units outstanding as of December 31, 2014 and 2013, respectively. Noncontrolling Interests of Limited Partners' Interests in Consolidated Partnerships Limited partners’ interests in consolidated partnerships not owned by the Company are classified as noncontrolling interests on the accompanying Consolidated Balance Sheets of the Parent Company. Subject to certain conditions and pursuant to the conditions of the agreement, the Company has the right, but not the obligation, to purchase the other member’s interest or sell its own interest in these consolidated partnerships. As of December 31, 2014 and 2013, the noncontrolling interest in these consolidated partnerships was $31.8 million and $19.2 million, respectively. Accumulated Other Comprehensive Income (Loss) The following table presents changes in the balances of each component of AOCI (in thousands):
The following represents amounts reclassified out of AOCI into income (in thousands):
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The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Stock-Based Compensation
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Dec. 31, 2014
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Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock-Based Compensation | tock-Based Compensation The Company recorded stock-based compensation in general and administrative expenses in the accompanying Consolidated Statements of Operations, the components of which are further described below (in thousands):
(1) Includes amortization of the grant date fair value of restricted stock awards over the respective vesting periods. (2) Includes compensation expense specifically identifiable to development and leasing activities. The Company established its stock-based compensation plan (the "Plan") under which the Board of Directors may grant stock options and other stock-based awards to officers, directors, and other key employees. The Plan allows the Company to issue up to 4.1 million shares in the form of the Parent Company's common stock or stock options. As of December 31, 2014, there were 2.8 million shares available for grant under the Plan either through stock options or restricted stock. Stock Option Awards Stock options are granted under the Plan with an exercise price equal to the Parent Company's stock's price at the date of grant. All stock options granted have ten-year lives, contain vesting terms of one to five years from the date of grant and some have dividend equivalent rights. The fair value of each option award is estimated on the date of grant using the Black-Scholes-Merton closed-form (“Black-Scholes”) option valuation model. The Company believes that the use of the Black-Scholes model meets the fair value measurement objectives of FASB ASC Topic 718 and reflects all substantive characteristics of the instruments being valued. The following table summarizes stock option activity during the year ended December 31, 2014:
(1) The Company issues new shares to fulfill option exercises from its authorized shares available. The total intrinsic value of options exercised during the years ended December 31, 2014, 2013, and 2012 was approximately $1.3 million, $141,000, and $92,000, respectively. There were no stock options granted during the years ended December 31, 2014, 2013, or 2012. Restricted Stock Awards The Company grants restricted stock under the Plan to its employees as a form of long-term compensation and retention. The terms of each restricted stock grant vary depending upon the participant's responsibilities and position within the Company. The Company's stock grants can be categorized as either time-based awards, performance-based awards, or market-based awards. All awards are valued at fair value, earn dividends throughout the vesting period, and have no voting rights. Fair value is measured using the grant date market price for all time-based or performance-based awards. Market based awards are valued using a Monte Carlo simulation to estimate the fair value based on the probability of satisfying the market conditions and the projected stock price at the time of payout, discounted to the valuation date over a three year performance period. Assumptions include historic volatility over the previous three year period, risk-free interest rates, and Regency's historic daily return as compared to the market index. Since the award payout includes dividend equivalents and the total shareholder return includes the value of dividends, no dividend yield assumption is required for the valuation. Compensation expense is measured at the grant date and recognized on a straight-line basis over the requisite vesting period for the entire award. The following table summarizes non-vested restricted stock activity during the year ended December 31, 2014:
(1) Time-based awards vest 25% per year beginning on the first anniversary following the grant date. These grants are subject only to continued employment and are not dependent on future performance measures. Accordingly, if such vesting criteria are not met, compensation cost previously recognized would be reversed. (2) Performance-based awards are earned subject to future performance measurements. Once the performance criteria are achieved and the actual number of shares earned is determined, shares will vest over a required service period. If such performance criteria are not met, compensation cost previously recognized would be reversed. The Company considers the likelihood of meeting the performance criteria based upon management's estimates from which it determines the amounts recognized as expense on a periodic basis. (3) Market-based awards are earned dependent upon the Company's total shareholder return in relation to the shareholder return of peer indices over a three-year period (“TSR Grant”). Once the market criteria are met and the actual number of shares earned is determined, 100% of the earned shares vest. The probability of meeting the market criteria is considered when calculating the estimated fair value on the date of grant using a Monte Carlo simulation. These awards are accounted for as awards with market criteria, with compensation cost recognized over the service period, regardless of whether the market criteria are achieved and the awards are ultimately earned and vest. The significant assumptions underlying determination of fair values for market-based awards granted were as follows:
(4) The weighted-average grant price for restricted stock granted during the years ended December 31, 2014, 2013, and 2012 was $48.18, $52.80, and $39.44, respectively. (5) The total intrinsic value of restricted stock vested during the years ended December 31, 2014, 2013, and 2012 was $12.4 million, $11.5 million, and $6.6 million, respectively. (6) As of December 31, 2014, there was $11.5 million of unrecognized compensation cost related to non-vested restricted stock granted under the Parent Company's Long-Term Omnibus Plan. When recognized, this compensation results in additional paid in capital in the accompanying Consolidated Statements of Equity of the Parent Company and in general partner preferred and common units in the accompanying Consolidated Statements of Capital of the Operating Partnership. This unrecognized compensation cost is expected to be recognized over the next three years. The Company issues new restricted stock from its authorized shares available at the date of grant. |
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The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Non-Qualified Deferred Compensation Plan
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12 Months Ended |
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Dec. 31, 2014
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Compensation and Retirement Disclosure [Abstract] | |
Saving and Retirement Plans | Saving and Retirement Plans 401(k) Retirement Plan The Company maintains a 401(k) retirement plan covering substantially all employees, which permits participants to defer up to the maximum allowable amount determined by the IRS of their eligible compensation. This deferred compensation, together with Company matching contributions equal to 100% of employee deferrals up to a maximum of $5,000 of their eligible compensation, is fully vested and funded as of December 31, 2014. Additionally, an annual profit sharing contribution is made, which vests over a three year period. Costs related to the matching portion of the plan were $1.5 million, $1.5 million and $1.4 million for the years ended December 31, 2014, 2013, and 2012, respectively. Costs related to the profit sharing contribution were $1.3 million, $1.2 million, and $1.1 million for the years ended December 31, 2014, 2013, and 2012, respectively. Non-Qualified Deferred Compensation Plan The Company maintains a non-qualified deferred compensation plan (“NQDCP”), which allows select employees and directors to defer part or all of their cash bonus, director fees, and restricted stock awards. All contributions into the participants' accounts are fully vested upon contribution to the NQDCP and are deposited in a Rabbi trust. The assets of the Rabbi trust, exclusive of the shares of the Company's common stock, are classified as trading securities on the accompanying Consolidated Balance Sheets, and accordingly, realized and unrealized gains and losses are recognized within income from deferred compensation plan in the accompanying Consolidated Statements of Operations. The participants' deferred compensation liability, exclusive of the shares of the Company's common stock, is included within accounts payable and other liabilities in the accompanying Consolidated Balance Sheets and was $27.6 million and $26.1 million as of December 31, 2014 and 2013, respectively. Increases or decreases in the deferred compensation liability, exclusive of amounts attributable to participant investments in the shares of the Company's common stock, are recorded as general and administrative expense within the accompanying Consolidated Statements of Operations. Investments in shares of the Company's common stock are included, at cost, as treasury stock in the accompanying Consolidated Balance Sheets of the Parent Company and as a reduction of general partner capital in the accompanying Consolidated Balance Sheets of the Operating Partnership. The participant's deferred compensation liability attributable to the participants' investments in shares of the Company's common stock are included, at cost, within additional paid in capital in the accompanying Consolidated Balance Sheets of the Parent Company and as a reduction of general partner capital in the accompanying Consolidated Balance Sheets of the Operating Partnership. Changes in participant account balances related to the Regency common stock fund are recorded directly within stockholders' equity. |
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The entire disclosure for an entity's employee compensation and benefit plans, including, but not limited to, postemployment and postretirement benefit plans, defined benefit pension plans, defined contribution plans, non-qualified and supplemental benefit plans, deferred compensation, share-based compensation, life insurance, severance, health care, unemployment and other benefit plans. No definition available.
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Earnings per Share and Unit
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Earnings per Share and Unit [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Earnings per Share and Unit | Earnings per Share and Unit Parent Company Earnings per Share The following summarizes the calculation of basic and diluted earnings per share (in thousands except per share data):
Income allocated to noncontrolling interests of the Operating Partnership has been excluded from the numerator and exchangeable Operating Partnership units have been omitted from the denominator for the purpose of computing diluted earnings per share since the effect of including these amounts in the numerator and denominator would have no impact. Weighted average exchangeable Operating Partnership units outstanding for the years ended December 31, 2014, 2013, and 2012 were 157,950, 171,886, and 177,164, respectively. Operating Partnership Earnings per Unit The following summarizes the calculation of basic and diluted earnings per unit (in thousands except per unit data):
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This element may be used to capture the complete disclosure pertaining to an entity's earnings per share. No definition available.
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Operating Leases
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Dec. 31, 2014
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Leases [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Operating Leases | Operating Leases The Company's properties are leased to tenants under operating leases. Our leases for tenant space under 5,000 square feet generally have terms ranging from three to five years. Leases greater than 10,000 square feet generally have lease terms in excess of five years, mostly comprised of anchor tenants. Many of the anchor leases contain provisions allowing the tenant the option of extending the term of the lease at expiration. Future minimum rents under non-cancelable operating leases as of December 31, 2014, excluding both tenant reimbursements of operating expenses and additional percentage rent based on tenants' sales volume, are as follows (in thousands):
The shopping centers' tenant base primarily includes national and regional supermarkets, drug stores, discount department stores, and other retailers and, consequently, the credit risk is concentrated in the retail industry. There were no tenants that individually represented more than 5% of the Company's annualized future minimum rents. The Company has shopping centers that are subject to non-cancelable, long-term ground leases where a third party owns and has leased the underlying land to the Company to construct and/or operate a shopping center. Ground leases expire through the year 2101, and in most cases, provide for renewal options. In addition, the Company has non-cancelable operating leases pertaining to office space from which it conducts its business. Office leases expire through the year 2023, and in most cases, provide for renewal options. Leasehold improvements are capitalized, recorded as tenant improvements, and depreciated over the shorter of the useful life of the improvements or the lease term. Operating lease expense, including capitalized ground lease payments on properties in development, was $8.9 million, $8.5 million, and $9.1 million for the years ended December 31, 2014, 2013, and 2012, respectively. The following table summarizes the future obligations under non-cancelable operating leases as of December 31, 2014 (in thousands):
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The entire disclosure for operating leases of a lessor. This may include a general description of lessor's leasing arrangements for operating leases, including the basis on which contingent rental payments are determined, the existence and terms of renewal or purchase options and escalation clauses, restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing, rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Commitments and Contingencies
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12 Months Ended |
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Dec. 31, 2014
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Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | Commitments and Contingencies The Company is involved in litigation on a number of matters and is subject to certain claims, which arise in the normal course of business, none of which, in the opinion of management, is expected to have a material adverse effect on the Company's consolidated financial position, results of operations, or liquidity. Legal fees are expensed as incurred. The Company is also subject to numerous environmental laws and regulations as they apply to real estate pertaining to chemicals used by the dry cleaning industry, the existence of asbestos in older shopping centers, and underground petroleum storage tanks. The Company believes that the ultimate disposition of currently known environmental matters will not have a material effect on its financial position, liquidity, or operations; however, it can give no assurance that existing environmental studies with respect to the shopping centers have revealed all potential environmental liabilities; that any previous owner, occupant or tenant did not create any material environmental condition not known to it; that the current environmental condition of the shopping centers will not be affected by tenants and occupants, by the condition of nearby properties, or by unrelated third parties; or that changes in applicable environmental laws and regulations or their interpretation will not result in additional environmental liability to the Company. The Company has the right to issue letters of credit under the Line up to an amount not to exceed $80.0 million, which reduces the credit availability under the Line. These letters of credit are primarily issued as collateral to facilitate the construction of development projects. As of December 31, 2014 and 2013, the Company had $5.9 million and $19.3 million letters of credit outstanding, respectively. |
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The entire disclosure for commitments and contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Summary of Quarterly Financial Data
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Dec. 31, 2014
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Quarterly Financial Information Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Quarterly Financial Data | Summary of Quarterly Financial Data (Unaudited) The following table summarizes selected Quarterly Financial Data for the Company on a historical basis for the years ended December 31, 2014 and 2013 and has been derived from the accompanying consolidated financial statements as reclassified for discontinued operations (in thousands except per share and per unit data):
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The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Available-for-Sale Securities (Notes)
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12 Months Ended |
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Dec. 31, 2014
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Schedule of Available-for-sale Securities [Line Items] | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | Available-for-Sale Securities During the year ended ended December 31, 2014, the Company acquired shares of AmREIT common stock for a total investment of $14.3 million. Subsequent to AmREIT’s announcement on October 31, 2014 that it had entered into a definitive agreement to be acquired by Edens Investment Trust, Regency liquidated its equity position in AmREIT for total proceeds of $22.1 million, which resulted in realized gains of $7.8 million, determined based on specific identification. In connection with its efforts, the Company incurred $1.8 million of pursuit costs, which are recognized within other operating expenses in the accompanying Consolidated Statements of Operations. The Company did not have any available-for-sale securities during the years ended December 31, 2013 or 2012. |
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The entire disclosure for investments in certain debt and equity securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Schedule III - Consolidated Real Estate and Accumulated Depreciation
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Dec. 31, 2014
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SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consolidated Real Estate and Accumulated Depreciation |
(1) See Item 2, Properties for geographic location and year each operating property was acquired. (2) The negative balance for costs capitalized subsequent to acquisition could include out-parcels sold, provision for loss recorded and development transfers subsequent to the initial costs. See accompanying report of independent registered public accounting firm. Depreciation and amortization of the Company's investment in buildings and improvements reflected in the statements of operations is calculated over the estimated useful lives of the assets, which are up to 40 years. The aggregate cost for federal income tax purposes was approximately $4.6 billion at December 31, 2014. The changes in total real estate assets for the years ended December 31, 2014, 2013, and 2012 are as follows (in thousands):
The changes in accumulated depreciation for the years ended December 31, 2014, 2013, and 2012 are as follows (in thousands):
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- Definition
The entire disclosure of real estate investments and associated accumulated depreciation for entities with a significant portion of their business acquiring and holding investment real estate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Summary of Significant Accounting Policies (Policies)
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Dec. 31, 2014
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Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Marketable Securities, Trading Securities, Policy [Policy Text Block] | (e) Securities The Company determines the appropriate classification of its investments in debt and equity securities at the time of purchase and reevaluates such determinations at each balance sheet date. Debt securities are classified as held to maturity when the Company has the positive intent and ability to hold the securities to maturity. Marketable securities that are bought and held principally for the purpose of selling them in the near term are classified as trading securities and are reported at fair value, with unrealized gains and losses recognized in earnings. Debt and marketable equity securities not classified as held to maturity or as trading, are classified as available-for-sale, and are carried at fair value, with the unrealized gains and losses, net of tax, included in the determination of comprehensive income and reported in the Consolidated Statements of Comprehensive Income. The fair value of securities is determined using quoted market prices. |
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Estimates, Risks and Uncertainties | Estimates, Risks, and Uncertainties The preparation of the consolidated financial statements in conformity with U.S. Generally Accepted Accounting Principles (“GAAP”) requires the Company's management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities, at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The most significant estimates in the Company's financial statements relate to the carrying values of its investments in real estate, including its shopping centers, properties in development, and its investments in real estate partnerships, and accounts receivable, net. It is possible that the estimates and assumptions that have been utilized in the preparation of the consolidated financial statements could change significantly if economic conditions were to weaken. |
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Consolidation | Consolidation The accompanying consolidated financial statements include the accounts of the Parent Company, the Operating Partnership, its wholly-owned subsidiaries, and consolidated partnerships in which the Company has a controlling interest. Investments in real estate partnerships not controlled by the Company are accounted for under the equity method. All significant inter-company balances and transactions are eliminated in the consolidated financial statements. Ownership of the Parent Company The Parent Company has a single class of common stock outstanding and two series of preferred stock outstanding (“Series 6 and 7 Preferred Stock”). The dividends on the Series 6 and 7 Preferred Stock are cumulative and payable in arrears quarterly. Ownership of the Operating Partnership The Operating Partnership's capital includes general and limited common Partnership Units. As of December 31, 2014, the Parent Company owned approximately 99.8% or 94,108,061 of the 94,262,231 outstanding common Partnership Units of the Operating Partnership. Net income and distributions of the Operating Partnership are allocable to the general and limited common Partnership Units in accordance with their ownership percentages. |
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Investments in Real Estate Partnerships | Investments in Real Estate Partnerships Investments in real estate partnerships not controlled by the Company are accounted for under the equity method. The accounting policies of the real estate partnerships are similar to the Company's accounting policies. Income or loss from these real estate partnerships, which includes all operating results (including impairment losses) and gains on sales of properties within the joint ventures, is allocated to the Company in accordance with the respective partnership agreements. Such allocations of net income or loss are recorded in equity in income of investments in real estate partnerships in the accompanying Consolidated Statements of Operations. The net difference in the carrying amount of investments in real estate partnerships and the underlying equity in net assets is either accreted to income and recorded in equity in income of investments in real estate partnerships in the accompanying Consolidated Statements of Operations over the expected useful lives of the properties and other intangible assets, which range in lives from 10 to 40 years, or recognized at liquidation if the joint venture agreement includes a unilateral right to elect to dissolve the real estate partnership and, upon such an election, receive a distribution in-kind, as discussed further below. Cash distributions of earnings from operations from investments in real estate partnerships are presented in cash flows provided by operating activities in the accompanying Consolidated Statements of Cash Flows. Cash distributions from the sale of a property or loan proceeds received from the placement of debt on a property included in investments in real estate partnerships are presented in cash flows provided by investing activities in the accompanying Consolidated Statements of Cash Flows. The Company evaluates the structure and the substance of its investments in the real estate partnerships to determine if they are variable interest entities. The Company has concluded that these partnership investments are not variable interest entities. Further, the joint venture partners in the real estate partnerships have significant ownership rights, including approval over operating budgets and strategic plans, capital spending, sale or financing, and admission of new partners. Upon formation of the joint ventures, the Company, through the Operating Partnership, also became the managing member, responsible for the day-to-day operations of the real estate partnerships. In accordance with the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 810, the Company evaluated its investment in each real estate partnership and concluded that the other partners have kick-out rights and/or substantive participating rights and, therefore, the Company has concluded that the equity method of accounting is appropriate for these investments and they do not require consolidation. Under the equity method of accounting, investments in real estate partnerships are initially recorded at cost, subsequently increased for additional contributions and allocations of income, and reduced for distributions received and allocations of loss. These investments are included in the consolidated financial statements as investments in real estate partnerships. Noncontrolling Interests The Company consolidates all entities in which it has a controlling ownership interest. A controlling ownership interest is typically attributable to the entity with a majority voting interest. Noncontrolling interest is the portion of equity, in a subsidiary or consolidated entity, not attributable, directly or indirectly to the Company. Such noncontrolling interests are reported on the Consolidated Balance Sheets within equity or capital, but separately from stockholders' equity or partners' capital. On the Consolidated Statements of Operations, all of the revenues and expenses from less-than-wholly-owned consolidated subsidiaries are reported in net income, including both the amounts attributable to the Company and noncontrolling interests. The amounts of consolidated net income attributable to the Company and to the noncontrolling interests are clearly identified on the accompanying Consolidated Statements of Operations. Noncontrolling Interests of the Parent Company The consolidated financial statements of the Parent Company include the following ownership interests held by owners other than the preferred and common stockholders of the Parent Company: (i) the limited Partnership Units in the Operating Partnership held by third parties (“Exchangeable operating partnership units”) and (ii) the minority-owned interest held by third parties in consolidated partnerships (“Limited partners' interests in consolidated partnerships”). The Parent Company has included all of these noncontrolling interests in permanent equity, separate from the Parent Company's stockholders' equity, in the accompanying Consolidated Balance Sheets and Consolidated Statements of Equity and Comprehensive Income (Loss). The portion of net income or comprehensive income attributable to these noncontrolling interests is included in net income and comprehensive income in the accompanying Consolidated Statements of Operations and Consolidated Statements of Comprehensive Income (Loss) of the Parent Company. In accordance with the FASB ASC Topic 480, securities that are redeemable for cash or other assets at the option of the holder, not solely within the control of the issuer, are classified as redeemable noncontrolling interests outside of permanent equity in the Consolidated Balance Sheets. The Parent Company has evaluated the conditions as specified under the FASB ASC Topic 480 as it relates to exchangeable operating partnership units outstanding and concluded that it has the right to satisfy the redemption requirements of the units by delivering unregistered common stock. Each outstanding exchangeable operating partnership unit is exchangeable for one share of common stock of the Parent Company, and the unit holder cannot require redemption in cash or other assets. Limited partners' interests in consolidated partnerships are not redeemable by the holders. The Parent Company also evaluated its fiduciary duties to itself, its shareholders, and, as the managing general partner of the Operating Partnership, to the Operating Partnership, and concluded its fiduciary duties are not in conflict with each other or the underlying agreements. Therefore, the Parent Company classifies such units and interests as permanent equity in the accompanying Consolidated Balance Sheets and Consolidated Statements of Equity. Noncontrolling Interests of the Operating Partnership The Operating Partnership has determined that limited partners' interests in consolidated partnerships are noncontrolling interests. The Operating Partnership has included these noncontrolling interests in permanent capital, separate from partners' capital, in the accompanying Consolidated Balance Sheets and Consolidated Statements of Capital. The portion of net income (loss) or comprehensive income (loss) attributable to these noncontrolling interests is included in net income and comprehensive income in the accompanying Consolidated Statements of Operations and Consolidated Statements Comprehensive Income (Loss) of the Operating Partnership. |
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Revenues | Revenues and Accounts Receivable Leasing Revenue and Receivables The Company leases space to tenants under agreements with varying terms. Leases are accounted for as operating leases with minimum rent recognized on a straight-line basis over the term of the lease regardless of when payments are due. The Company estimates the collectibility of the accounts receivable related to base rents, straight-line rents, expense reimbursements, and other revenue taking into consideration the Company's historical write-off experience, tenant credit-worthiness, current economic trends, and remaining lease terms. The Company recorded the following provisions for doubtful accounts (in thousands):
The following table represents the components of accounts receivable, net of allowance for doubtful accounts, in the accompanying Consolidated Balance Sheets (in thousands):
Substantially all of the lease agreements with anchor tenants contain provisions that provide for additional rents based on tenants' sales volume ("percentage rent"). Percentage rents are recognized when the tenants achieve the specified targets as defined in their lease agreements. Substantially all lease agreements contain provisions for reimbursement of the tenants' share of real estate taxes, insurance and common area maintenance (“CAM”) costs. Recovery of real estate taxes, insurance, and CAM costs are recognized as the respective costs are incurred in accordance with the lease agreements. As part of the leasing process, the Company may provide the lessee with an allowance for the construction of leasehold improvements. These leasehold improvements are capitalized and recorded as tenant improvements, and depreciated over the shorter of the useful life of the improvements or the remaining lease term. If the allowance represents a payment for a purpose other than funding leasehold improvements, or in the event the Company is not considered the owner of the improvements, the allowance is considered to be a lease incentive and is recognized over the lease term as a reduction of minimum rent. Factors considered during this evaluation include, among other things, who holds legal title to the improvements as well as other controlling rights provided by the lease agreement and provisions for substantiation of such costs (e.g. unilateral control of the tenant space during the build-out process). Determination of the appropriate accounting for the payment of a tenant allowance is made on a lease-by-lease basis, considering the facts and circumstances of the individual tenant lease. When the Company is the owner of the leasehold improvements, recognition of lease revenue commences when the lessee is given possession of the leased space upon completion of tenant improvements. However, when the leasehold improvements are owned by the tenant, the lease inception date is the date the tenant obtains possession of the leased space for purposes of constructing its leasehold improvements. Real Estate Sales Profits from sales of real estate are recognized under the full accrual method by the Company when: (i) a sale is consummated; (ii) the buyer's initial and continuing investment is adequate to demonstrate a commitment to pay for the property; (iii) the Company's receivable, if applicable, is not subject to future subordination; (iv) the Company has transferred to the buyer the usual risks and rewards of ownership; and (v) the Company does not have substantial continuing involvement with the property. The Company sells shopping centers to joint ventures in exchange for cash equal to the fair value of the ownership interest of its partners. The Company accounts for those sales as “partial sales” and recognizes gains on those partial sales in the period the properties were sold to the extent of the percentage interest sold, and in the case of certain real estate partnerships, applies a more restrictive method of recognizing gains, as discussed further below. As of December 31, 2014, five of the Company's joint ventures (“DIK-JV”) give each partner the unilateral right to elect to dissolve the real estate partnership and, upon such an election, receive a distribution in-kind (“DIK”) of the assets of the real estate partnership equal to their respective capital account, which could include properties the Company previously sold to the real estate partnership. Because the contingency associated with the possibility of receiving a particular property back upon liquidation is not satisfied at the property level, but at the aggregate level, no deferred gain is recognized on an individual property sold by the DIK-JV to a third party or received by the Company upon actual dissolution. Instead, the property received upon dissolution is recorded at the carrying value of the Company's investment in the DIK-JV on the date of dissolution. However, the deferred gain is recognized if and when all such properties in the DIK-JV are sold to a third party. Management Services The Company is engaged under agreements with its joint venture partners to provide asset management, property management, leasing, investing, and financing services for such joint ventures' shopping centers. The fees are market-based, generally calculated as a percentage of either revenues earned or the estimated values of the properties managed or the proceeds received, and are recognized as services are rendered, when fees due are determinable, and collectibility is reasonably assured. The Company also receives transaction fees, as contractually agreed upon with a joint venture, which include fees such as acquisition fees, disposition fees, “promotes”, or “earnouts”, which are recognized as services are rendered, when fees due are determinable, and collectibility is reasonably assured. |
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Real Estate Investments | Real Estate Investments Capitalization and Depreciation Maintenance and repairs that do not improve or extend the useful lives of the respective assets are recorded in operating and maintenance expense. The Company does not have a capitalization threshold. Depreciation is computed using the straight-line method over estimated useful lives of approximately 40 years for buildings and improvements, the shorter of the useful life or the remaining lease term subject to a maximum of 10 years for tenant improvements, and three to seven years for furniture and equipment. Development Costs Land, buildings, and improvements are recorded at cost. All specifically identifiable costs related to development activities are capitalized into properties in development on the accompanying Consolidated Balance Sheets. Properties in development are defined as properties that are in the construction or initial lease-up phase. Once a development property is substantially complete and held available for occupancy, costs are no longer capitalized. The capitalized costs include pre-development costs essential to the development of the property, development costs, construction costs, interest costs, real estate taxes, and allocated direct employee costs incurred during the period of development. Interest costs are capitalized into each development project based upon applying the Company's weighted average borrowing rate to that portion of the actual development costs expended. The Company discontinues interest cost capitalization when the property is no longer being developed or is available for occupancy upon substantial completion of tenant improvements, but in no event would the Company capitalize interest on the project beyond 12 months after substantial completion of the building shell. The following table represents the components of properties in development in the accompanying Consolidated Balance Sheets (in thousands):
Construction in process represents developments where the Company (i) has not yet incurred at least 90% of the expected costs to complete and is less than 95% leased, and (ii) percent leased is less than 90% and the project features less than one year of anchor tenant operations, and (iii) the anchor tenant has been open for less than two calendar years, and (iv) less than three years have passed since the start of construction. Land held for future development represents projects not in construction, but identified and available for future development when the market demand for a new shopping center exists. Pre-development costs represent the costs the Company incurs prior to land acquisition including contract deposits, as well as legal, engineering, and other external professional fees related to evaluating the feasibility of developing a shopping center. As of December 31, 2014 and 2013, the Company had refundable deposits of approximately $375,000 and $680,000, respectively, included in pre-development costs. If the Company determines that the development of a particular shopping center is no longer probable, any related pre-development costs previously capitalized are immediately expensed. During the years ended December 31, 2014, 2013, and 2012, the Company expensed pre-development costs of approximately $2.3 million, $528,000, and $1.5 million, respectively, in other operating expenses in the accompanying Consolidated Statements of Operations. Acquisitions The Company and the real estate partnerships account for business combinations using the acquisition method by recognizing and measuring the identifiable assets acquired, the liabilities assumed, and any noncontrolling interest in the acquiree at their acquisition date fair values. The Company expenses transaction costs associated with business combinations in the period incurred. The Company's methodology includes estimating an “as-if vacant” fair value of the physical property, which includes land, building, and improvements. In addition, the Company determines the estimated fair value of identifiable intangible assets, considering the following categories: (i) value of in-place leases, and (ii) above and below-market value of in-place leases. The value of in-place leases is estimated based on the value associated with the costs avoided in originating leases compared to the acquired in-place leases as well as the value associated with lost rental and recovery revenue during the assumed lease-up period. The value of in-place leases is recorded to amortization expense over the remaining initial term of the respective leases. Above-market and below-market in-place lease values for acquired properties are recorded based on the present value of the difference between (i) the contractual amounts to be paid pursuant to the in-place leases and (ii) management's estimate of fair market lease rates for comparable in-place leases, measured over a period equal to the remaining non-cancelable term of the lease. The value of above-market leases is amortized as a reduction of minimum rent over the remaining terms of the respective leases and the value of below-market leases is accreted to minimum rent over the remaining terms of the respective leases, including below-market renewal options, if applicable. The Company does not assign value to customer relationship intangibles if it has pre-existing business relationships with the major retailers at the acquired property since they do not provide incremental value over the Company's existing relationships. Held for Sale The Company classifies an operating property or a property in development as held-for-sale upon satisfaction of the following criteria: (i) management commits to a plan to sell a property (or group of properties), (ii) the property is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such properties, (iii) an active program to locate a buyer and other actions required to complete the plan to sell the property have been initiated, (iv) the sale of the property is probable and transfer of the asset is expected to be completed within one year, (v) the property is being actively marketed for sale at a price that is reasonable in relation to its current fair value, and (vi) actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn. The Company generally considers assets to be held for sale when the transaction has been approved by the appropriate level of management and there are no known significant contingencies relating to the sale such that the sale of the property within one year is considered probable. It is not unusual for real estate sales contracts to allow potential buyers a period of time to evaluate the property prior to formal acceptance of the contract. In addition, certain other matters critical to the final sale, such as financing arrangements, often remain pending even upon contract acceptance. As a result, properties under contract may not close within the expected time period, or may not close at all. The Company must make a determination as to the point in time that it is probable that a sale will be consummated. Generally this occurs when a sales contract is executed with no contingencies and the prospective buyer has significant funds at risk to ensure performance. Operating properties held-for-sale are carried at the lower of cost or fair value less costs to sell. The recording of depreciation and amortization expense is suspended during the held-for-sale period. If circumstances arise that previously were considered unlikely and, as a result, the Company decides not to sell a property previously classified as held-for-sale, the property is reclassified as held and used and is measured individually at the lower of its (i) carrying amount before the property was classified as held-for-sale, adjusted for any depreciation and amortization expense that would have been recognized had the property been continuously classified as held and used or (ii) the fair value at the date of the subsequent decision not to sell. The Company evaluated its property portfolio and did not identify any properties that would meet the above mentioned criteria for held-for-sale as of December 31, 2014 and 2013. Discontinued Operations On January 1, 2014, the Company prospectively adopted Financial Accounting Standards Board ("FASB") Accounting Standards Update ("ASU") No. 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, and all sales will be recorded in accordance with the ASU. The amendments in the ASU change the requirements for reporting discontinued operations. Under the new guidance, only disposals representing a strategic shift in operations should be presented as discontinued operations. Those strategic shifts should have a major effect on the organization's operations and financial results. In addition, the new guidance requires expanded disclosures about discontinued operations that will provide financial statement users with more information about the assets, liabilities, income, and expenses of discontinued operations. Prior to January 1, 2014, when the Company sold a property or classified a property as held-for-sale and would not have significant continuing involvement in the operation of the property, the operations of the property were eliminated from ongoing operations and classified in discontinued operations. Its operations, including any mortgage interest and gain on sale, were reported in discontinued operations so that the operations were clearly distinguished. Prior periods were also reclassified to reflect the operations of the property as discontinued operations. When the Company sold an operating property to a joint venture or to a third party, and would continue to manage the property, the operations and gain on sale were included in income from continuing operations. Impairment We evaluate whether there are any indicators, including property operating performance and general market conditions, that the value of the real estate properties (including any related amortizable intangible assets or liabilities) may not be recoverable. Through the evaluation, we compare the current carrying value of the asset to the estimated undiscounted cash flows that are directly associated with the use and ultimate disposition of the asset. Our estimated cash flows are based on several key assumptions, including rental rates, costs of tenant improvements, leasing commissions, anticipated hold period, and assumptions regarding the residual value upon disposition, including the exit capitalization rate. These key assumptions are subjective in nature and could differ materially from actual results. Changes in our disposition strategy or changes in the marketplace may alter the hold period of an asset or asset group which may result in an impairment loss and such loss could be material to the Company's financial condition or operating performance. To the extent that the carrying value of the asset exceeds the estimated undiscounted cash flows, an impairment loss is recognized equal to the excess of carrying value over fair value. If such indicators are not identified, management will not assess the recoverability of a property's carrying value. If a property previously classified as held and used is changed to held-for-sale, the Company estimates fair value, less expected costs to sell, which could cause the Company to determine that the property is impaired. The fair value of real estate assets is subjective and is determined through comparable sales information and other market data if available, or through use of an income approach such as the direct capitalization method or the traditional discounted cash flow approach. Such cash flow projections consider factors such as expected future operating income, trends and prospects, as well as the effects of demand, competition and other factors, and therefore is subject to management judgment and changes in those factors could impact the determination of fair value. In estimating the fair value of undeveloped land, the Company generally uses market data and comparable sales information. A loss in value of investments in real estate partnerships under the equity method of accounting, other than a temporary decline, must be recognized in the period in which the loss occurs. If management identifies indicators that the value of the Company's investment in real estate partnerships may be impaired, it evaluates the investment by calculating the fair value of the investment by discounting estimated future cash flows over the expected term of the investment. The Company established the following provisions for impairment (in thousands):
Tax Basis The net tax basis of the Company's real estate assets exceeds the book basis by approximately $129.7 million and $156.8 million at December 31, 2014 and 2013, respectively, primarily due to the property impairments recorded for book purposes and the cost basis of the assets acquired and their carryover basis recorded for tax purposes. |
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Cash and Cash Equivalents | Cash and Cash Equivalents Any instruments which have an original maturity of 90 days or less when purchased are considered cash equivalents. As of December 31, 2014 and 2013, $8.0 million and $9.5 million, respectively, of cash was restricted through escrow agreements and certain mortgage loans. |
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Deferred Costs | Deferred Costs Deferred costs include leasing costs and loan costs, net of accumulated amortization. Such costs are amortized over the periods through lease expiration or loan maturity, respectively. If the lease is terminated early, or if the loan is repaid prior to maturity, the remaining leasing costs or loan costs are written off. Deferred leasing costs consist of internal and external commissions associated with leasing the Company's shopping centers. The following table represents the components of deferred costs, net of accumulated amortization, in the accompanying Consolidated Balance Sheets (in thousands):
(1) Consist of initial direct and incremental costs associated with financing activities. |
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Derivative Financial Instruments | Derivative Financial Instruments The Company manages economic risks, including interest rate, liquidity, and credit risk primarily by managing the amount, sources, and duration of its debt funding and the use of derivative financial instruments. Specifically, the Company enters into derivative financial instruments to manage exposures that arise from business activities that result in the receipt or future payment of known and uncertain cash amounts, the amount of which are determined by interest rates. The Company's derivative financial instruments are used to manage differences in the amount, timing, and duration of the Company's known or expected cash payments principally related to the Company's borrowings. All derivative instruments, whether designated in hedging relationships or not, are recorded on the accompanying Consolidated Balance Sheets at their 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 attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge. The Company may enter into derivative contracts that are intended to economically hedge certain risks, even though hedge accounting does not apply or the Company elects not to apply hedge accounting. The Company uses interest rate swaps to mitigate its interest rate risk on a related financial instrument or forecasted transaction, and the Company designates these interest rate swaps as cash flow hedges. Interest rate swaps designated as cash flow hedges involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. The gains or losses resulting from changes in fair value of derivatives that qualify as cash flow hedges are recognized in other comprehensive income (“OCI”) while the ineffective portion of the derivative's change in fair value is recognized in the Statements of Operations as interest expense. Upon the settlement of a hedge, gains and losses remaining in OCI are amortized over the underlying term of the hedged transaction. The Company formally documents all relationships between hedging instruments and hedged items, as well as its risk management objectives and strategies for undertaking various hedge transactions. The Company assesses, both at inception of the hedge and on an ongoing basis, whether the derivatives that are used in hedging transactions are highly effective in offsetting changes in the cash flows and/or forecasted cash flows of the hedged items. In assessing the valuation of the hedges, the Company uses standard market conventions and techniques such as discounted cash flow analysis, option pricing models, and termination costs at each balance sheet date. All methods of assessing fair value result in a general approximation of value, and such value may never actually be realized. The cash receipts or payments to settle interest rate swaps are presented in cash flows provided by operating activities in the accompanying Consolidated Statements of Cash Flows. |
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Income Taxes | Income Taxes The Parent Company believes it qualifies, and intends to continue to qualify, as a REIT under the Internal Revenue Code (the “Code”). As a REIT, the Parent Company will generally not be subject to federal income tax, provided that distributions to its stockholders are at least equal to REIT taxable income. Regency Realty Group, Inc. (“RRG”), a wholly-owned subsidiary of the Operating Partnership, is a Taxable REIT Subsidiary (“TRS”) as defined in Section 856(l) of the Code. RRG is subject to federal and state income taxes and files separate tax returns. As a pass through entity, the Operating Partnership's taxable income or loss is reported by its partners, of which the Parent Company, as general partner and approximately 99.8% owner, is allocated its pro-rata share of tax attributes. Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the estimated tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using the enacted tax rates in effect for the year in which these temporary differences are expected to be recovered or settled. Earnings and profits, which determine the taxability of dividends to stockholders, differs from net income reported for financial reporting purposes primarily because of differences in depreciable lives and cost bases of the shopping centers, as well as other timing differences. Tax positions are initially recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions shall initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts. The Company believes that it has appropriate support for the income tax positions taken and to be taken on its tax returns and that its accruals for tax liabilities are adequate for all open tax years (2011 and forward for federal and state) based on an assessment of many factors including past experience and interpretations of tax laws applied to the facts of each matter. |
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Earnings per Share and Unit | Earnings per Share and Unit Basic earnings per share of common stock and unit are computed based upon the weighted average number of common shares and units, respectively, outstanding during the period. Diluted earnings per share and unit reflect the conversion of obligations and the assumed exercises of securities including the effects of shares issuable under the Company's share-based payment arrangements, if dilutive. Dividends paid on the Company's share-based compensation awards are not participating securities as they are forfeitable. |
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Stock-Based Compensation | Stock-Based Compensation The Company grants stock-based compensation to its employees and directors. The Company recognizes stock-based compensation based on the grant-date fair value of the award and the cost of the stock-based compensation is expensed over the vesting period. When the Parent Company issues common shares as compensation, it receives a like number of common units from the Operating Partnership. The Company is committed to contributing to the Operating Partnership all proceeds from the exercise of stock options or other share-based awards granted under the Parent Company's Long-Term Omnibus Plan (the “Plan”). Accordingly, the Parent Company's ownership in the Operating Partnership will increase based on the amount of proceeds contributed to the Operating Partnership for the common units it receives. As a result of the issuance of common units to the Parent Company for stock-based compensation, the Operating Partnership accounts for stock-based compensation in the same manner as the Parent Company. |
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Segment Reporting | Segment Reporting The Company's business is investing in retail shopping centers through direct ownership or through joint ventures. The Company actively manages its portfolio of retail shopping centers and may from time to time make decisions to sell lower performing properties or developments not meeting its long-term investment objectives. The proceeds from sales are reinvested into higher quality retail shopping centers, through acquisitions or new developments, which management believes will generate sustainable revenue growth and attractive returns. It is management's intent that all retail shopping centers will be owned or developed for investment purposes; however, the Company may decide to sell all or a portion of a development upon completion. The Company's revenues and net income are generated from the operation of its investment portfolio. The Company also earns fees for services provided to manage and lease retail shopping centers owned through joint ventures. The Company's portfolio is located throughout the United States. Management does not distinguish or group its operations on a geographical basis for purposes of allocating resources or capital. The Company reviews operating and financial data for each property on an individual basis; therefore, the Company defines an operating segment as its individual properties. The individual properties have been aggregated into one reportable segment based upon their similarities with regard to both the nature and economics of the centers, tenants and operational processes, as well as long-term average financial performance. (l) Business Concentration No single tenant accounts for 5% or more of revenue and none of the shopping centers are located outside the United States. |
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Assets and Liabilities Measured at Fair Value | Fair Value of Assets and Liabilities Fair value is a market-based measurement, not an entity-specific measurement. Therefore, a fair value measurement is determined based on the assumptions that market participants would use in pricing the asset or liability. As a basis for considering market participant assumptions in fair value measurements, the Company uses a fair value hierarchy that distinguishes between market participant assumptions based on market data obtained from independent sources (observable inputs that are classified within Levels 1 and 2 of the hierarchy) and the Company's own assumptions about market participant assumptions (unobservable inputs classified within Level 3 of the hierarchy). The three levels of inputs used to measure fair value are as follows:
The Company also remeasures nonfinancial assets and nonfinancial liabilities, initially measured at fair value in a business combination or other new basis event, at fair value in subsequent periods. |
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Recent Accounting Pronouncements | Recent Accounting Pronouncements On January 1, 2014, the Company prospectively adopted FASB ASU No. 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, and all sales will be recorded in accordance with the ASU. The amendments in the ASU change the requirements for reporting discontinued operations. Under the new guidance, only disposals representing a strategic shift in operations should be presented as discontinued operations. Those strategic shifts should have a major effect on the organization's operations and financial results. In addition, the new guidance requires expanded disclosures about discontinued operations that will provide financial statement users with more information about the assets, liabilities, income, and expenses of discontinued operations. In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606), which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard is effective for the Company on January 1, 2017. Early adoption is not permitted. The standard permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the effect that ASU 2014-09 will have on its consolidated financial statements and related disclosures. The Company has not yet selected a transition method nor has it determined the effect of the standard on its ongoing financial reporting. |
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Disclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example, common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting. The accounting policy may also address the accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for subsidiaries or other investments that are consolidated, including the accounting treatment for intercompany accounts or transactions and any noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for deferral and amortization of significant deferred charges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for its derivative instruments and hedging activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for determining the fair value of financial instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for investments in debt and equity securities that are classified as trading securities. This policy also may describe the entity's accounting treatment for transfers between investment categories and how the fair values of such securities are determined. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The entire disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for entities that primarily develop and then sell real property at retail or otherwise. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for revenue recognition. If the entity has different policies for different types of revenue transactions, the policy for each material type of transaction is generally disclosed. If a sales transaction has multiple element arrangements (for example, delivery of multiple products, services or the rights to use assets) the disclosure may indicate the accounting policy for each unit of accounting as well as how units of accounting are determined and valued. The disclosure may encompass important judgment as to appropriateness of principles related to recognition of revenue. The disclosure also may indicate the entity's treatment of any unearned or deferred revenue that arises from the transaction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for segment reporting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for stock option and stock incentive plans. This disclosure may include (1) the types of stock option or incentive plans sponsored by the entity (2) the groups that participate in (or are covered by) each plan (3) significant plan provisions and (4) how stock compensation is measured, and the methodologies and significant assumptions used to determine that measurement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Summary of Significant Accounting Policies (Tables)
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Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deferred Charges [Table Text Block] |
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Provisions for Impairments [Table Text Block] | The Company established the following provisions for impairment (in thousands):
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Provisions for Doubtful Accounts [Table Text Block] | The Company recorded the following provisions for doubtful accounts (in thousands):
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Receivables, Trade and Other Accounts Receivable, Allowance for Doubtful Accounts, Policy [Policy Text Block] | Revenues and Accounts Receivable Leasing Revenue and Receivables The Company leases space to tenants under agreements with varying terms. Leases are accounted for as operating leases with minimum rent recognized on a straight-line basis over the term of the lease regardless of when payments are due. The Company estimates the collectibility of the accounts receivable related to base rents, straight-line rents, expense reimbursements, and other revenue taking into consideration the Company's historical write-off experience, tenant credit-worthiness, current economic trends, and remaining lease terms. The Company recorded the following provisions for doubtful accounts (in thousands):
The following table represents the components of accounts receivable, net of allowance for doubtful accounts, in the accompanying Consolidated Balance Sheets (in thousands):
Substantially all of the lease agreements with anchor tenants contain provisions that provide for additional rents based on tenants' sales volume ("percentage rent"). Percentage rents are recognized when the tenants achieve the specified targets as defined in their lease agreements. Substantially all lease agreements contain provisions for reimbursement of the tenants' share of real estate taxes, insurance and common area maintenance (“CAM”) costs. Recovery of real estate taxes, insurance, and CAM costs are recognized as the respective costs are incurred in accordance with the lease agreements. As part of the leasing process, the Company may provide the lessee with an allowance for the construction of leasehold improvements. These leasehold improvements are capitalized and recorded as tenant improvements, and depreciated over the shorter of the useful life of the improvements or the remaining lease term. If the allowance represents a payment for a purpose other than funding leasehold improvements, or in the event the Company is not considered the owner of the improvements, the allowance is considered to be a lease incentive and is recognized over the lease term as a reduction of minimum rent. Factors considered during this evaluation include, among other things, who holds legal title to the improvements as well as other controlling rights provided by the lease agreement and provisions for substantiation of such costs (e.g. unilateral control of the tenant space during the build-out process). Determination of the appropriate accounting for the payment of a tenant allowance is made on a lease-by-lease basis, considering the facts and circumstances of the individual tenant lease. When the Company is the owner of the leasehold improvements, recognition of lease revenue commences when the lessee is given possession of the leased space upon completion of tenant improvements. However, when the leasehold improvements are owned by the tenant, the lease inception date is the date the tenant obtains possession of the leased space for purposes of constructing its leasehold improvements. |
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Schedule of Accounts, Notes, Loans and Financing Receivable |
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Property, Plant and Equipment | The following table represents the components of properties in development in the accompanying Consolidated Balance Sheets (in thousands):
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Deferred Charges [Table Text Block] No definition available.
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Provisions for Doubtful Accounts [Table Text Block] No definition available.
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Provisions for Impairments [Table Text Block] No definition available.
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Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for determining the allowance for doubtful accounts for trade and other accounts receivable balances, and when impairments, charge-offs or recoveries are recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Real Estate Investments (Tables) (Wholly Owned Properties [Member])
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Wholly Owned Properties [Member]
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Business Acquisition [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Business Acquisitions, by Acquisition [Table Text Block] |
(1) On March 7, 2014, the Company acquired an 80% controlling interest in the Fairfield Portfolio. As a result of consolidation, the Company recorded the non-controlling interest of approximately $15.4 million at fair value. The portfolio consists of three operating properties located in Fairfield, CT. (2) On October 24, 2014, Regency acquired the remaining 50% interest and gained control of this previously unconsolidated investment in real estate partnership that owns land for development. The $5.2 million purchase price includes the consideration paid to purchase the other partners interest as well as Regency's carrying value in the partnership. (3) On December 16, 2014, Regency acquired the remaining 50% interest and gained control of this previously unconsolidated investment in real estate partnership that owns a single operating property. As the operating property constitutes a business, acquisition of control was accounted for as a step acquisition and the net assets acquired were recognized at fair value. A gain of $18.3 million was recognized upon remeasurement as the difference between the fair value, of $14.1 million, and the carrying value of the Company's previously held equity interest. The fair value was measured based on an income approach, using rental growth rate of 3.0%, a discount rate of 7.0%, and a terminal cap rate of 6.1%. |
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Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Dispositions (Tables)
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Dec. 31, 2014
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Discontinued Operations and Disposal Groups [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block] | The following table provides a summary of shopping centers and land out-parcels disposed of ($ in thousands):
(1) One of the properties sold during 2013 was financed by the Company issuing a note receivable for the entire purchase price, which was subsequently collected during 2013. (2) On July 25, 2012, the Company sold a 15-property portfolio for total consideration of $321.0 million. As a result of entering into this agreement, the Company recognized a net impairment loss of $18.1 million. As of December 31, 2012, this asset group did not meet the definition of discontinued operations, in accordance with FASB ASC Topic 205-20, Presentation of Financial Statements - Discontinued Operations, based on its continuing cash flows as further discussed in note 4. The remaining five operating properties sold met the definition of discontinued operations and are included in income from discontinued operations in the Consolidated Statements of Operations. As a result of adopting ASU No. 2014-08, there were no discontinued operations for the year ended December 31, 2014 as none of the current year sales represented a strategic shift that would qualify as discontinued operations. The following table provides a summary of revenues and expenses from properties included in discontinued operations (in thousands):
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Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Investments in Real Estate Partnerships (Tables)
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Schedule of Equity Method Investments [Table Text Block] | consist of the following (in thousands):
(1) This partnership agreement has a unilateral right for election to dissolve the partnership and receive a DIK upon liquidation; therefore, the Company has applied the Restricted Gain Method to determine the amount of gain recognized on property sales to this partnership. During 2014, the Company did not sell any properties to this real estate partnership. (2) On August 13, 2013, the Fund sold 100% of its interest in its entire portfolio of shopping centers to a third party. The Fund was dissolved following the final distribution of proceeds made in 2014.
(1) This partnership agreement has a unilateral right for election to dissolve the partnership and receive a DIK upon liquidation; therefore, the Company has applied the Restricted Gain Method to determine the amount of gain recognized on property sales to this partnership. During 2013, the Company did not sell any properties to this real estate partnership. (2) As of December 31, 2012, our ownership interest in MCWR III was 24.95%. The liquidation of MCWR III was complete effective March 20, 2013. (3) On August 13, 2013, the Fund sold 100% of its interest in its entire portfolio of shopping centers to a third party. The Fund was dissolved following the final distribution of proceeds made in 2014. (4) On October 23, 2013, the Company sold 100% of its interest in the BRET unconsolidated real estate partnership and received a capital distribution of $47.5 million, plus its share of the undistributed income of the partnership and an early redemption premium. Regency no longer has any interest in the BRET partnership. In addition to earning its pro-rata share of net income or loss in each of these real estate partnerships, the Company received recurring, market-based fees for asset management, property management, and leasing, as well as fees for investment and financing services, totaling $23.0 million, $24.2 million, and $25.4 million for the years ended December 31, 2014, 2013, and 2012, respectively. The summarized balance sheet information for the investments in real estate partnerships, on a combined basis, is as follows (in thousands):
The following table reconciles the Company's capital in unconsolidated partnerships to the Company's investments in real estate partnerships (in thousands):
(1) On December 16, 2014, Regency acquired the remaining 50% interest and gained control of this previously unconsolidated investment in real estate partnership that owns a single operating property. As the operating property constitutes a business, acquisition of control was accounted for as a step acquisition and the net assets acquired were recognized at fair value. A gain of $18.3 million was recognized upon remeasurement as the difference between the fair value and carrying value of the Company's previously held equity interest, using an income approach to measure fair value. The revenues and expenses for the investments in real estate partnerships, on a combined basis, are summarized as follows (in thousands):
Notes Payable As of December 31, 2014, scheduled principal repayments on notes payable of the investments in real estate partnerships were as follows (in thousands):
These loans are all non-recourse and Regency's proportionate share was $506.8 million at December 31, 2014. Maturities will be repaid from proceeds from refinancing and partner capital contributions. The Company is obligated to contribute its pro-rata share to fund maturities if the loans are not refinanced. The Company believes that its partners are financially sound and have sufficient capital or access thereto to fund future capital requirements. In the event that a co-investment partner was unable to fund its share of the capital requirements of the co-investment partnership, the Company would have the right, but not the obligation, to loan the defaulting partner the amount of its capital call. |
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Business dispositions unconsolidated co-investment partnership [Table Text Block] | Dispositions The following table provides a summary of shopping centers and land out-parcels disposed of through our unconsolidated co-investment partnerships during the years ended December 31, 2014, 2013, and 2012 (dollars in thousands):
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Schedule of Equity Method Investments [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | The following table provides a summary of shopping centers and land parcels acquired through our unconsolidated co-investment partnerships (in thousands):
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Business dispositions unconsolidated co-investment partnership [Table Text Block] No definition available.
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Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Acquired Lease Intangibles (Tables)
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Dec. 31, 2014
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Goodwill and Intangible Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Net Accumulated Amortization and Accretion | The Company had the following acquired lease intangibles, net of accumulated amortization and accretion (in thousands):
The following table provides a summary of amortization and net accretion amounts from acquired lease intangibles (dollar amounts in thousands):
(1) Amounts are recorded as a reduction to minimum rent. (2) Amounts are recorded as an increase to minimum rent. |
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Schedule of Future Amortization Expense and Minimum Rent | The estimated aggregate amortization and net accretion amounts from acquired lease intangibles for the next five years are as follows (in thousands):
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Schedule of Future Amortization Expense and Minimum Rent [Table Text Block] No definition available.
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Schedule of Net Accumulated Amortization and Accretion [Table Text Block] No definition available.
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Income Taxes (Tables)
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Dec. 31, 2014
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Income Tax Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Tax Status of Dividends | The following table summarizes the tax status of dividends paid on our common shares:
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Components of Income Tax Expense (Benefit) | Income tax expense consists of the following (in thousands):
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Schedule of Income Tax Expense (Benefit), Intraperiod Tax Allocation | Income tax expense (benefit) is included in the Consolidated Statements of Operations as either income tax expense (benefit) of taxable REIT subsidiaries, if the related income is from continuing operations, or is presented net of gains on sale of real estate, if the taxable income is from the gain on sale. Income tax expense (benefit) is included in discontinued operations, net of gains on sale of real estate, if the taxable income is from the gain on sale that qualified as discontinued operations, as follows (in thousands):
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Schedule of Effective Income Tax Rate Reconciliation | Income tax expense (benefit) differed from the amounts computed by applying the U.S. Federal income tax rate of 34% to pretax income of RRG as follows (in thousands):
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Schedule of Deferred Tax Assets and Liabilities | The following table represents the Company's net deferred tax assets recorded in accounts payable and other liabilities in the accompanying Consolidated Balance Sheets (in thousands):
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Schedule of Income Tax Expense (Benefit), Intraperiod Tax Allocation [Table Text Block] No definition available.
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Schedule of Tax Status of Dividends [Table Text Block] No definition available.
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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Notes Payable and Unsecured Credit Facilities (Tables)
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Dec. 31, 2014
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Debt Instrument [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Debt [Table Text Block] |
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Schedule of Line of Credit Facilities [Table Text Block] | As of December 31, 2014, the key terms of the Line and Term Loan are as follows (dollars in thousands):
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Schedule of Maturities of Long-term Debt [Table Text Block] | As of December 31, 2014, scheduled principal payments and maturities on notes payable and unsecured credit facilities were as follows (in thousands):
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Fixed Rate Mortgage Loans [Member]
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Debt Instrument [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Long-term Debt Instruments [Table Text Block] | As of December 31, 2014, the key terms of the Company's fixed rate notes payable are as follows:
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Variable Rate [Domain]
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Debt Instrument [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Long-term Debt Instruments [Table Text Block] | As of December 31, 2014, the Company had one variable rate mortgage loan, which has an interest rate swap in place for the initial principal balance effectively fixing the interest rate through the maturity of the loan (as discussed in note 10), with key terms as follows ($ in thousands):
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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. No definition available.
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Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Derivative Financial Instruments (Tables)
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Dec. 31, 2014
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Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] | The following table summarizes the terms and fair values of the Company's derivative financial instruments, as well as their classification on the Consolidated Balance Sheets (dollars in thousands):
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Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block] | The following table represents the effect of the derivative financial instruments on the accompanying consolidated financial statements (in thousands):
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Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Fair Value Measurements (Tables)
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Dec. 31, 2014
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Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, by Balance Sheet Grouping [Table Text Block] | All financial instruments of the Company are reflected in the accompanying Consolidated Balance Sheets at amounts which, in management's estimation, reasonably approximates their fair values, except for the following (in thousands):
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Fair Value, Interest rate ranges [Table Text Block] | he following interest rates were used by the Company to estimate the fair value of its financial instruments:
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Fair Value, Assets Measured on Recurring Basis [Table Text Block] | The following table presents the placement in the fair value hierarchy of assets and liabilities that are measured at fair value on a recurring basis (in thousands):
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Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Table Text Block] |
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Fair Value Inputs, Assets, Quantitative Information [Table Text Block] | During the year ended December 31, 2013, the Company recognized a $6 million impairment on a single operating property as a result of an unoccupied anchor declaring bankruptcy, and the inability of the Company, at that time, to re-lease the anchor space. The following are the key inputs used in determining the fair value of real estate measured using Level 3 inputs during the year ended December 31, 2013:
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Fair Value, Interest rate ranges [Table Text Block] No definition available.
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- Definition
Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tabular disclosure of quantitative information about the inputs used in the fair value measurement of assets. This disclosure may include, but is not limited to, the fair value of the asset, valuation technique used to measure fair value, the inputs used to measure fair value, the ranges of the inputs, and the weighted averages of the inputs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Equity and Capital (Tables)
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Dec. 31, 2014
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Terms and Conditions of Preferred Stock (details) [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Market Equity Distributions [Table Text Block] | he following shares were issued under the ATM equity program (in thousands, except share data):
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Schedule of Capital Units [Table Text Block] | he Parent Company, as general partner, owned the following Partnership Units outstanding (in thousands):
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Preferred Stock |
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Schedule of Accumulated Other Comprehensive Income (Loss) | The following table presents changes in the balances of each component of AOCI (in thousands):
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Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] | The following represents amounts reclassified out of AOCI into income (in thousands):
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Schedule of Market Equity Distributions [Table Text Block] No definition available.
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The entire disclosure for terms, amounts, nature of changes, rights and privileges, dividends, and other matters related to preferred stock. No definition available.
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- Definition
Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). No definition available.
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Tabular disclosure of the components of accumulated other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Tabular disclosure of an entity's capital units or capital shares, including the value of capital units or capital shares, units authorized, units outstanding and other information necessary to a fair presentation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Stock-Based Compensation (Tables)
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Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] |
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Disclosure of Share-based Compensation Arrangements by Share-based Payment Award | The Company recorded stock-based compensation in general and administrative expenses in the accompanying Consolidated Statements of Operations, the components of which are further described below (in thousands):
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Schedule of Share-based Compensation, Stock Options, Activity | The following table summarizes stock option activity during the year ended December 31, 2014:
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Schedule of Nonvested Share Activity | The following table summarizes non-vested restricted stock activity during the year ended December 31, 2014:
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Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Tabular disclosure of the changes in outstanding nonvested shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Earnings per Share and Unit (Tables)
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Parent Company [Member]
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Schedule of Earnings Per Share, Basic and Diluted | Parent Company Earnings per Share The following summarizes the calculation of basic and diluted earnings per share (in thousands except per share data):
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Partnership Interest [Member]
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Schedule of Earnings Per Share, Basic and Diluted | Operating Partnership Earnings per Unit The following summarizes the calculation of basic and diluted earnings per unit (in thousands except per unit data):
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Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Operating Leases (Tables)
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Operating Leased Assets [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Future Minimum Rental Payments to be Received for Operating Leases | Future minimum rents under non-cancelable operating leases as of December 31, 2014, excluding both tenant reimbursements of operating expenses and additional percentage rent based on tenants' sales volume, are as follows (in thousands):
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Schedule of Future Minimum Rental Payments for Operating Leases | The following table summarizes the future obligations under non-cancelable operating leases as of December 31, 2014 (in thousands):
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Fixed Rate Mortgage Loans [Member]
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Schedule of Long-term Debt Instruments [Table Text Block] | As of December 31, 2014, the key terms of the Company's fixed rate notes payable are as follows:
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Schedule of Future Minimum Rental Payments to be Received for Operating Leases [Table Text Block] No definition available.
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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Summary of Quarterly Financial Data (Tables)
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Quarterly Financial Information Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Quarterly Financial Information [Table Text Block] | The following table summarizes selected Quarterly Financial Data for the Company on a historical basis for the years ended December 31, 2014 and 2013 and has been derived from the accompanying consolidated financial statements as reclassified for discontinued operations (in thousands except per share and per unit data):
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Equity Method Investment, Accretion Period No definition available.
|
X | ||||||||||
- Definition
Maximum Period Of TIme In Which Company Capitalizes Interest Costs No definition available.
|
X | ||||||||||
- Definition
Number Of Joint Ventures That Grant Each Partner A Right To Dissolve The Real Estate Partnership No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The number of general partner units outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of units or percentage investment held by one or more members or limited partners of the LLC or LP. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of real estate properties owned as of the balance sheet date. No definition available.
|
X | ||||||||||
- Definition
Date the operations of the entity commenced, in CCYY-MM-DD format. No definition available.
|
X | ||||||||||
- Definition
The number of each class of partnership units outstanding at the balance sheet date. Units represent shares of ownership of the general, limited, and preferred partners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Useful life of long lived, physical assets used in the normal conduct of business and not intended for resale, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Examples include, but not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. No definition available.
|
X | ||||||||||
- Definition
The carrying amounts of cash and cash equivalent items which are restricted as to withdrawal or usage. Restrictions may include legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or entity statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits. Excludes compensating balance arrangements that are not agreements which legally restrict the use of cash amounts shown on the balance sheet. This element is for unclassified presentations; for classified presentations there is a separate and distinct element. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The net unrealized appreciation or depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Summary of Significant Accounting Policies - Revenues - Accounts Receivables (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2014
joint_venture
|
Dec. 31, 2013
|
Dec. 31, 2012
|
|
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Tenant Receivables | $ 10,583 | $ 6,550 | |
Document Fiscal Year Focus | 2014 | ||
Current Fiscal Year End Date | --12-31 | ||
Number of Joint Ventures, Unilateral Dissolution Right | 5 | ||
Provision for doubtful accounts | 2,192 | 1,841 | 3,006 |
Accrued CAM, insurance and tax reimbursements receivables | 15,369 | 16,280 | |
Other receivables | 9,570 | 7,411 | |
Less: allowance for doubtful accounts | (4,523) | (3,922) | |
Accounts Receivable, Net | 30,999 | 26,319 | |
Percentage Of Revenue By Customer | 5.00% | ||
Maximum [Member]
|
|||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Percentage Of Revenue By Customer | 5.00% | ||
Discontinued operations
|
|||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Provision for doubtful accounts | $ 0 | $ 53 | $ 58 |
X | ||||||||||
- Definition
End date of current fiscal year in the format --MM-DD. No definition available.
|
X | ||||||||||
- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
|
X | ||||||||||
- Definition
Accrued CAM, insurance and tax reimbursements receivables No definition available.
|
X | ||||||||||
- Definition
Number Of Joint Ventures That Grant Each Partner A Right To Dissolve The Real Estate Partnership No definition available.
|
X | ||||||||||
- Definition
Tenant Receivables No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
For an unclassified balance sheet, the amount due from customers or clients for goods or services that have been delivered or sold in the normal course of business, reduced to their estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
For an unclassified balance sheet, a valuation allowance for receivables due a company that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying amounts due as of the balance sheet date from parties or arising from transactions not otherwise specified in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of expense related to write-down of receivables to the amount expected to be collected. Includes, but is not limited to, accounts receivable and notes receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
End date of current fiscal year in the format --MM-DD. No definition available.
|
X | ||||||||||
- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
|
X | ||||||||||
- Definition
Property, Plant and Equipment, Development in Process, Anchor Operations Period" No definition available.
|
X | ||||||||||
- Definition
Property, Plant and Equipment, Development in Process, Percentage Complete No definition available.
|
X | ||||||||||
- Definition
Property, Plant and Equipment, Development in Process, Percentage Leased No definition available.
|
X | ||||||||||
- Definition
Property, Plant and Equipment, Development in Process, Period Since Start of Construction No definition available.
|
X | ||||||||||
- Definition
Sum of the carrying amounts of deferred costs that are expected to be recognized as a charge against earnings in periods after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element represents costs incurred by the lessor that are (a) costs to originate a lease incurred in transactions with independent third parties that (i) result directly from and are essential to acquire that lease and (ii) would not have been incurred had that leasing transaction not occurred and (b) certain costs directly related to specified activities performed by the lessor for that lease. Those activities are: evaluating the prospective lessee's financial condition; evaluating and recording guarantees, collateral, and other security arrangements; negotiating lease terms; preparing and processing lease documents; and closing the transaction. This element is net of accumulated amortization. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
For an unclassified balance sheet, the carrying amount (net of accumulated amortization) as of the balance sheet date of capitalized costs associated with the issuance of debt instruments (for example, legal, accounting, underwriting, printing, and registration costs) that will be charged against earnings over the life of the debt instruments to which such costs pertain. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The current amount of expenditures for a real estate project that has not yet been completed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Impairment losses measured as the amount by which the carrying amount of the business or real estate partnerships exceeds the fair value of the business or partnership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The charge against earnings in the period to reduce the carrying amount of real property to fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of carrying costs of properties that were capitalized after acquisition, for example, but not limited to, real estate taxes and insurance for entities with a substantial portion of business acquiring and holding investment real estate. Excludes initial purchase price and improvements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Real Estate Investments (Details) (USD $)
|
12 Months Ended | 0 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2013
Macquarie Country Wide - Regency III, LLC [Member]
|
Mar. 20, 2013
Macquarie Country Wide - Regency III, LLC [Member]
|
Dec. 31, 2012
Macquarie Country Wide - Regency III, LLC [Member]
|
Dec. 31, 2014
Fairfield Portfolio [Member]
property
|
Dec. 31, 2014
East San Marco [Member]
|
Dec. 31, 2014
Indian Springs [Member]
|
Dec. 31, 2014
Wholly Owned Properties [Member]
|
Dec. 31, 2013
Wholly Owned Properties [Member]
|
Dec. 31, 2013
Wholly Owned Properties [Member]
Shops on Main [Member]
|
Dec. 31, 2014
Wholly Owned Properties [Member]
Persimmon Place [Member]
|
Dec. 31, 2014
Wholly Owned Properties [Member]
Shops at Mira Vista [Member]
|
Dec. 31, 2014
Wholly Owned Properties [Member]
Fairfield Portfolio [Member]
|
Dec. 31, 2014
Wholly Owned Properties [Member]
Willow Oaks Crossing [Member]
|
Dec. 31, 2014
Wholly Owned Properties [Member]
Clybourn Commons [Member]
|
Dec. 31, 2014
Wholly Owned Properties [Member]
Belmont Chase [Member]
|
Dec. 31, 2014
Wholly Owned Properties [Member]
City Line Market [Member]
|
Dec. 31, 2014
Wholly Owned Properties [Member]
East San Marco [Member]
|
Dec. 31, 2013
Wholly Owned Properties [Member]
Grand Ridge Plaza [Member]
|
Dec. 31, 2013
Wholly Owned Properties [Member]
Balboa Mesa Shopping Center [Member]
|
Dec. 31, 2013
Wholly Owned Properties [Member]
Sandy Springs [Member]
|
Dec. 31, 2013
Wholly Owned Properties [Member]
Uptown District [Member]
|
Dec. 31, 2013
Wholly Owned Properties [Member]
South Bay Village [Member]
|
Dec. 31, 2013
Wholly Owned Properties [Member]
Shops at Erwin Mill [Member]
|
Dec. 31, 2014
Wholly Owned Properties [Member]
The Village at La Floresta [Member]
|
Dec. 31, 2013
Wholly Owned Properties [Member]
Southpark at Cinco Ranch [Member]
|
Dec. 31, 2014
Wholly Owned Properties [Member]
Indian Springs [Member]
|
Mar. 20, 2013
Consolidated Entities [Member]
Hilltop Village [Member]
|
Dec. 31, 2013
Consolidated Entities [Member]
Hilltop Village [Member]
|
Dec. 31, 2013
Fixed Rate Mortgage Loans [Member]
Consolidated Entities [Member]
Hilltop Village [Member]
|
|
Business Acquisition [Line Items] | |||||||||||||||||||||||||||||
Number of real estate properties acquired | 3 | ||||||||||||||||||||||||||||
Business Acquisition, Effective Date of Acquisition | Jan. 16, 2013 | Jan. 31, 2014 | Feb. 14, 2014 | Mar. 07, 2014 | Jun. 02, 2014 | Jul. 15, 2014 | Sep. 10, 2014 | Sep. 19, 2014 | Oct. 24, 2014 | Jul. 22, 2013 | Oct. 07, 2013 | Oct. 16, 2013 | Oct. 24, 2013 | May 16, 2013 | May 30, 2013 | Dec. 04, 2014 | Dec. 27, 2013 | Dec. 16, 2014 | |||||||||||
Business Acquisition, Name of Acquired Entity | Shops on Main | Persimmon Place | Shops at Mira Vista | Fairfield Portfolio (1) | Willow Oaks Crossing | Clybourn Commons | Belmont Chase | CityLine Market | East San Marco (2) | Fontainebleau Square | Glen Gate | Fellsway Plaza | Shoppes on Riverside | Juanita Tate Marketplace | Preston Oaks | The Village at La Floresta | Holly Park | Indian Springs (3) | |||||||||||
Business Acquisition Location, City and State | Schererville, IN | Dublin, CA | Austin, TX | Fairfield, CT | Concord, NC | Chicago, IL | Ashburn, VA | Dallas, TX | Jacksonville, FL | Miami, FL | Glenview, IL | Medford, MA | Jacksonville, FL | Los Angeles, CA | Dallas, TX | Brea, CA | Raleigh, NC | Houston, TX | |||||||||||
Business Acquisition, Property type | Development | Development | Operating | Operating | Development | Operating | Development | Development | Development | Development | Development | Operating | Development | Development | Operating | Development | Operating | Operating | |||||||||||
Payments to Acquire Businesses, Gross | $ 282,728,000 | $ 140,127,000 | $ 85,000 | $ 14,200,000 | $ 22,500,000 | $ 149,344,000 | $ 3,342,000 | $ 19,000,000 | $ 4,300,000 | $ 4,913,000 | $ 5,223,000 | $ 17,092,000 | $ 14,950,000 | $ 42,500,000 | $ 3,500,000 | $ 1,100,000 | $ 27,000,000 | $ 6,750,000 | $ 33,900,000 | $ 53,156,000 | |||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Debt Assumed, Net of Premiums | 103,187,000 | 0 | 0 | 0 | 319,000 | 77,730,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25,138,000 | |||||||||
Acquired Finite-lived Intangible Asset, Amount | 20,532,000 | 11,681,000 | 0 | 0 | 2,329,000 | 12,650,000 | 0 | 1,686,000 | 0 | 0 | 0 | 0 | 0 | 5,139,000 | 0 | 0 | 3,396,000 | 0 | 3,146,000 | 3,867,000 | |||||||||
Acquired Finite Lived Intangible Liability Amount | 10,802,000 | 10,086,000 | 0 | 0 | 291,000 | 5,601,000 | 0 | 3,298,000 | 0 | 0 | 0 | 0 | 0 | 963,000 | 0 | 0 | 7,597,000 | 0 | 1,526,000 | 1,612,000 | |||||||||
Equity Method Investment, Ownership Percentage | 0.00% | 24.95% | 0.00% | 80.00% | 50.00% | 50.00% | |||||||||||||||||||||||
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain | 18,300,000 | ||||||||||||||||||||||||||||
Business Combination, Step Acquisition, Equity Interest in Acquiree, Fair Value | 14,100,000 | ||||||||||||||||||||||||||||
Payment to acquire business | 5,200,000 | ||||||||||||||||||||||||||||
Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value | 15,400,000 | ||||||||||||||||||||||||||||
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest | 100.00% | ||||||||||||||||||||||||||||
Equity Method Investment Sold, Carrying Amount | 7,600,000 | ||||||||||||||||||||||||||||
Fair Value Inputs, Cap Rate | 6.07% | ||||||||||||||||||||||||||||
Fair Value Inputs, Long-term Revenue Growth Rate | 3.00% | ||||||||||||||||||||||||||||
Fair Value Inputs, Discount Rate | 7.00% | ||||||||||||||||||||||||||||
Mortgage loans assumed for the acquisition of real estate | $ 7,500,000 |
X | ||||||||||
- Definition
Acquired Finite Lived Intangible Liability, Amount No definition available.
|
X | ||||||||||
- Definition
Business Acquisition Location, City and State No definition available.
|
X | ||||||||||
- Definition
Business Acquisition, Property type No definition available.
|
X | ||||||||||
- Definition
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Debt Assumed, Net of Premiums No definition available.
|
X | ||||||||||
- Definition
Number of real estate properties acquired No definition available.
|
X | ||||||||||
- Definition
Payment to acquire business No definition available.
|
X | ||||||||||
- Definition
Date when the acquirer obtains control of the acquiree, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Name of the acquired entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element represents the fair value of the noncontrolling interest in the acquiree at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value at acquisition-date of the equity interest in the acquiree held by the acquirer, immediately before the acquisition date for businesses combined in stages. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
In a business combination achieved in stages, this element represents the amount of gain recognized by the entity as a result of remeasuring to fair value the equity interest in the acquiree it held before the business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of the entity's equity method investment which has been sold. No definition available.
|
X | ||||||||||
- Definition
Ratio of the net operating income produced by an asset and its capital cost (original prices paid to buy the asset), used as an input to measure fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Interest rate used to find the present value of an amount to be paid or received in the future as an input to measure fair value. For example, but not limited to, weighted average cost of capital (WACC), cost of capital, cost of equity and cost of debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Percentage of assumed long-term growth in revenues, used as an input to measure fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of increase in assets, excluding financial assets, lacking physical substance with a definite life, resulting from a business combination. No definition available.
|
X | ||||||||||
- Definition
Percentage investment held by the managing member or general partner of the limited liability company (LLC) or limited partnership (LP). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of debt that an Entity assumes in acquiring a business or in consideration for an asset received in a noncash (or part noncash) acquisition. Noncash is defined as transactions during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow associated with the acquisition of business during the period. The cash portion only of the acquisition price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
End date of current fiscal year in the format --MM-DD. No definition available.
|
X | ||||||||||
- Definition
Number of Real Estate Properties Sold During the period. No definition available.
|
X | ||||||||||
- Definition
After tax income (loss) from operations of a business component (exclusive of any gain (loss) on disposal, or provision therefore) during the reporting period, until its disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Tax effect allocated to a disposal group that is classified as a component of the entity reported as a separate component of income before extraordinary items. Includes the tax effects of the following: income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The difference between the carrying value and the sale price of real estate or properties that were intended to be sold or held for capital appreciation or rental income. This element refers to the gain (loss) included in earnings and not to the cash proceeds of the sale. This element is a noncash adjustment to net income when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The charge against earnings in the period to reduce the carrying amount of real property to fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Total investments in (A) an entity in which the entity has significant influence, but does not have control, (B) subsidiaries that are not required to be consolidated and are accounted for using the equity and or cost method, and (C) an entity in which the reporting entity shares control of the entity with another party or group. Includes long-term advances receivable from a party that is affiliated with the reporting entity by means of direct or indirect ownership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
|
X | ||||||||||
- Definition
Cash received for the sale of real estate that is not part of an investing activity during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Cash received from the sale of real estate that is held for investment, that is, it is part of an investing activity during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Investments in Real Estate Partnerships - Schedule of Investments in Real Estate Partnerships (Details) (USD $)
|
12 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2014
property
|
Dec. 31, 2013
property
|
Dec. 31, 2012
|
Dec. 31, 2014
GRI - Regency, LLC [Member]
property
|
Dec. 31, 2013
GRI - Regency, LLC [Member]
property
|
Dec. 31, 2013
Macquarie Country Wide - Regency III, LLC [Member]
property
|
Mar. 20, 2013
Macquarie Country Wide - Regency III, LLC [Member]
|
Dec. 31, 2012
Macquarie Country Wide - Regency III, LLC [Member]
|
Dec. 31, 2014
Columbia Regency Retail Partners, LLC [Member]
property
|
Dec. 31, 2013
Columbia Regency Retail Partners, LLC [Member]
property
|
Dec. 31, 2014
Columbia Regency Partners II, LLC [Member]
property
|
Dec. 31, 2013
Columbia Regency Partners II, LLC [Member]
property
|
Dec. 31, 2014
Cameron Village, LLC [Member]
property
|
Dec. 31, 2013
Cameron Village, LLC [Member]
property
|
Dec. 31, 2014
RegCal, LLC [Member]
property
|
Dec. 31, 2013
RegCal, LLC [Member]
property
|
Dec. 31, 2014
Regency Retail Partners, LP [Member]
property
|
Dec. 31, 2013
Regency Retail Partners, LP [Member]
property
|
Dec. 31, 2014
US Regency Retail I, LLC [Member]
property
|
Dec. 31, 2013
US Regency Retail I, LLC [Member]
property
|
Dec. 31, 2014
BRE Throne Holdings LLC (BRET) [Member]
|
Dec. 31, 2013
BRE Throne Holdings LLC (BRET) [Member]
property
|
Dec. 31, 2014
Other Investments in Real Estate Partnerships [Member]
|
Dec. 31, 2013
Other Investments in Real Estate Partnerships [Member]
|
Dec. 31, 2014
Other Investments in Real Estate Partnership [Member]
property
|
Dec. 31, 2013
Other Investments in Real Estate Partnership [Member]
property
|
Dec. 31, 2014
Equity Method Investments [Member]
|
Dec. 31, 2014
Corporate Joint Venture [Member]
|
Dec. 31, 2013
Corporate Joint Venture [Member]
|
|
Schedule of Equity Method Investments [Line Items] | |||||||||||||||||||||||||||||
Current Fiscal Year End Date | --12-31 | ||||||||||||||||||||||||||||
Document Fiscal Year Focus | 2014 | ||||||||||||||||||||||||||||
Proceeds from Sale of Real Estate | $ 321,000,000 | ||||||||||||||||||||||||||||
Provision for impairment | 1,257,000 | 6,000,000 | 74,816,000 | 18,100,000 | |||||||||||||||||||||||||
Ownership Percentage | 0.00% | 0.00% | 0.00% | 24.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||
Real Estate Partnerships, Number of Properties | 120 | 126 | 74 | 75 | 0 | 10 | 10 | 14 | 15 | 1 | 1 | 7 | 8 | 0 | 0 | 8 | 8 | 0 | 6 | 9 | |||||||||
Proceeds from Limited Partnership Investments | 47,500,000 | ||||||||||||||||||||||||||||
Investments in real estate partnerships | 333,167,000 | 358,849,000 | 247,175,000 | 250,118,000 | 0 | 15,916,000 | 16,735,000 | 9,343,000 | 8,797,000 | 12,114,000 | 16,678,000 | 13,354,000 | 15,576,000 | 0 | 1,793,000 | 806,000 | 1,391,000 | 0 | 34,459,000 | 47,761,000 | |||||||||
Revenue from Related Parties | 23,000,000 | 24,200,000 | 25,400,000 | ||||||||||||||||||||||||||
Total Assets of the Partnership | 2,807,502,000 | 2,939,599,000 | 1,829,116,000 | 1,870,660,000 | 0 | 199,427,000 | 204,759,000 | 300,028,000 | 295,829,000 | 100,625,000 | 103,805,000 | 149,457,000 | 159,255,000 | 0 | 9,325,000 | 115,660,000 | 118,865,000 | 0 | 113,189,000 | 177,101,000 | |||||||||
Net Income (Loss) of the Partnership | 79,466,000 | 71,050,000 | 79,264,000 | 33,032,000 | 31,705,000 | 213,000 | 7,173,000 | 8,605,000 | 1,211,000 | 6,290,000 | 3,393,000 | 2,198,000 | 4,012,000 | 1,300,000 | 171,000 | 9,234,000 | 2,872,000 | 2,387,000 | 4,499,000 | 27,602,000 | 4,619,000 | ||||||||
Income (Loss) from Equity Method Investments | 31,270,000 | 31,718,000 | 23,807,000 | 13,727,000 | 12,789,000 | 53,000 | 1,431,000 | 1,727,000 | 233,000 | 1,274,000 | 1,008,000 | 662,000 | 966,000 | 332,000 | 27,000 | 7,749,000 | 567,000 | 487,000 | 4,499,000 | 13,311,000 | 2,146,000 | ||||||||
Notes payable (note 9) | 506,800,000 | ||||||||||||||||||||||||||||
Significant Acquisitions and Disposals, Acquisition Costs or Sale Proceeds | 43,000,000 | 13,600,000 | |||||||||||||||||||||||||||
Mortgage loans assumed for the acquisition of real estate | 0 | 7,496,000 | |||||||||||||||||||||||||||
Finite-lived Intangible Assets Acquired | 7,604,000 | 8,438,000 | |||||||||||||||||||||||||||
Acquired Finite Lived Intangible Liability Amount | $ 3,487,000 | $ 332,000 |
X | ||||||||||
- Definition
End date of current fiscal year in the format --MM-DD. No definition available.
|
X | ||||||||||
- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
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X | ||||||||||
- Definition
Acquired Finite Lived Intangible Liability, Amount No definition available.
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X | ||||||||||
- Definition
Real Estate Partnerships, Number of Properties No definition available.
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X | ||||||||||
- Definition
The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The amount of assets reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The amount of net income (loss) reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of increase in assets, excluding financial assets, lacking physical substance with a definite life, resulting from a business combination. No definition available.
|
X | ||||||||||
- Definition
The charge against earnings in the period to reduce the carrying amount of real property to fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Total investments in (A) an entity in which the entity has significant influence, but does not have control, (B) subsidiaries that are not required to be consolidated and are accounted for using the equity and or cost method, and (C) an entity in which the reporting entity shares control of the entity with another party or group. Includes long-term advances receivable from a party that is affiliated with the reporting entity by means of direct or indirect ownership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The amount of debt that an Entity assumes in acquiring a business or in consideration for an asset received in a noncash (or part noncash) acquisition. Noncash is defined as transactions during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Cash inflow received as distributions, returns of capital, or sale proceeds from partnership interests held for investment purposes. No definition available.
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X | ||||||||||
- Definition
Cash received for the sale of real estate that is not part of an investing activity during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of revenue, fees and commissions earned from transactions between (a) a parent company and its subsidiaries; (b) subsidiaries of a common parent; (c) an entity and trusts for the benefit of employees, for example, but not limited to, pension and profit-sharing trusts that are managed by or under the trusteeship of the entity's management; (d) an entity and its principal, owners, management, or members of their immediate families; and (e) affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
The value of all consideration given or received by the Entity in the significant acquisition or disposal. No definition available.
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X | ||||||||||
- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
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X | ||||||||||
- Definition
Equity Method Investment, Summarized Financial Information, Acquired Lease Intangible Assets, Net No definition available.
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X | ||||||||||
- Definition
Equity Method Investment, Summarized Financial Information, Acquired Lease Intangible Liabilities, Net No definition available.
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X | ||||||||||
- Definition
Equity Method Investment, Summarized Financial Information, Investment in Real Estate, Net No definition available.
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X | ||||||||||
- Definition
Equity Method Investment, Summarized Financial Information, Notes Payable No definition available.
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X | ||||||||||
- Definition
Equity Method Investment, Summarized Financial Information, Other Assets No definition available.
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X | ||||||||||
- Definition
Equity Method Investment, Summarized Financial Information, Other Liabilities No definition available.
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X | ||||||||||
- Definition
Equity Method Summarized Financial Information, Net Book Equity in Excess of Purchase Price No definition available.
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X | ||||||||||
- Definition
Difference between amount at which an investment accounted for under the equity method of accounting is carried (reported) on the balance sheet and amount of underlying equity in net assets the reporting Entity has in the investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The amount of assets reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of equity, excluding noncontrolling interest, attributable to the equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The amount of liabilities and equity reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of equity attributable to noncontrolling interests of an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Impairment losses measured as the amount by which the carrying amount of the business or real estate partnerships exceeds the fair value of the business or partnership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Total investments in (A) an entity in which the entity has significant influence, but does not have control, (B) subsidiaries that are not required to be consolidated and are accounted for using the equity and or cost method, and (C) an entity in which the reporting entity shares control of the entity with another party or group. Includes long-term advances receivable from a party that is affiliated with the reporting entity by means of direct or indirect ownership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
|
Investments in Real Estate Partnerships - Investment Reconciliation (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | |
---|---|---|
Dec. 31, 2014
|
Dec. 31, 2013
|
|
Schedule of Equity Method Investments [Line Items] | ||
Document Fiscal Year Focus | 2014 | |
Capital - Regency | $ 442,050 | $ 468,099 |
less: Impairment | 1,300 | 5,880 |
less: Ownership percentage or Restricted Gain Method deferral | 29,380 | 29,261 |
less: Net book equity in excess of purchase price | 78,203 | 78,203 |
Investments in real estate partnerships | 333,167 | 358,849 |
BRE Throne Holdings LLC (BRET) [Member]
|
||
Schedule of Equity Method Investments [Line Items] | ||
Equity Method Investment, Ownership Percentage | 0.00% | |
Investments in real estate partnerships | 0 | |
Indian Springs [Member]
|
||
Schedule of Equity Method Investments [Line Items] | ||
Equity Method Investment, Ownership Percentage | 50.00% | |
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain | $ 18,300 |
X | ||||||||||
- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
|
X | ||||||||||
- Definition
Equity Method Summarized Financial Information, Net Book Equity in Excess of Purchase Price No definition available.
|
X | ||||||||||
- Definition
In a business combination achieved in stages, this element represents the amount of gain recognized by the entity as a result of remeasuring to fair value the equity interest in the acquiree it held before the business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Difference between amount at which an investment accounted for under the equity method of accounting is carried (reported) on the balance sheet and amount of underlying equity in net assets the reporting Entity has in the investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of equity attributable to noncontrolling interests of an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Impairment losses measured as the amount by which the carrying amount of the business or real estate partnerships exceeds the fair value of the business or partnership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total investments in (A) an entity in which the entity has significant influence, but does not have control, (B) subsidiaries that are not required to be consolidated and are accounted for using the equity and or cost method, and (C) an entity in which the reporting entity shares control of the entity with another party or group. Includes long-term advances receivable from a party that is affiliated with the reporting entity by means of direct or indirect ownership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Acquired Finite Lived Intangible Liability, Amount No definition available.
|
X | ||||||||||
- Definition
Business Acquisition Location, City and State No definition available.
|
X | ||||||||||
- Definition
Business Acquisition, Property type No definition available.
|
X | ||||||||||
- Definition
Equity Method Investment, Summarized Financial Information, Gain Loss on Sale of Real Estate No definition available.
|
X | ||||||||||
- Definition
Number of Real Estate Properties Sold During the period. No definition available.
|
X | ||||||||||
- Definition
With respect to a business combination completed during the period, this element provides a description of the business, other than the name, which may include the industry, size, products and other important information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Date when the acquirer obtains control of the acquiree, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Name of the acquired entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of increase in assets, excluding financial assets, lacking physical substance with a definite life, resulting from a business combination. No definition available.
|
X | ||||||||||
- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total investments in (A) an entity in which the entity has significant influence, but does not have control, (B) subsidiaries that are not required to be consolidated and are accounted for using the equity and or cost method, and (C) an entity in which the reporting entity shares control of the entity with another party or group. Includes long-term advances receivable from a party that is affiliated with the reporting entity by means of direct or indirect ownership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of debt that an Entity assumes in acquiring a business or in consideration for an asset received in a noncash (or part noncash) acquisition. Noncash is defined as transactions during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Cash received for the sale of real estate that is not part of an investing activity during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Cash received from the sale of real estate that is held for investment, that is, it is part of an investing activity during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The value of all consideration given or received by the Entity in the significant acquisition or disposal. No definition available.
|
X | ||||||||||
- Definition
Equity Method Investment, Summarized Financial Information, Debt Instrument, Unamortized Discount (Premium), Net No definition available.
|
X | ||||||||||
- Definition
Equity Method Investment, Summarized Financial Information, Long-term Debt, Maturities, Repayments of Principal After Year Five No definition available.
|
X | ||||||||||
- Definition
Equity Method Investment, Summarized Financial Information, Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months No definition available.
|
X | ||||||||||
- Definition
Equity Method Investment, Summarized Financial Information, Long-term Debt, Maturities, Repayments of Principal in Year Five No definition available.
|
X | ||||||||||
- Definition
Equity Method Investment, Summarized Financial Information, Long-term Debt, Maturities, Repayments of Principal in Year Four No definition available.
|
X | ||||||||||
- Definition
Equity Method Investment, Summarized Financial Information, Long-term Debt, Maturities, Repayments of Principal in Year Three No definition available.
|
X | ||||||||||
- Definition
Equity Method Investment, Summarized Financial Information, Long-term Debt, Maturities, Repayments of Principal in Year Two No definition available.
|
X | ||||||||||
- Definition
Equity Method Investment, Summarized Financial Information, Notes Payable No definition available.
|
X | ||||||||||
- Definition
The amount of debt discount (net of debt premium) that was originally recognized at the issuance of the instrument that has yet to be amortized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing after the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the fourth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
|
X | ||||||||||
- Definition
Equity Method Investment, Summarized Financial Information, Depreciation and Amortization No definition available.
|
X | ||||||||||
- Definition
Equity Method Investment, Summarized Financial Information, Gain Loss on Extinguishment of Debt No definition available.
|
X | ||||||||||
- Definition
Equity Method Investment, Summarized Financial Information, Gain Loss on Sale of Real Estate No definition available.
|
X | ||||||||||
- Definition
Equity Method Investment, Summarized Financial Information, General and Administrative No definition available.
|
X | ||||||||||
- Definition
Equity Method Investment, Summarized Financial Information, Interest Expense, Net No definition available.
|
X | ||||||||||
- Definition
Equity Method Investment, Summarized Financial Information, Operating and Maintenance No definition available.
|
X | ||||||||||
- Definition
Equity Method Investment, Summarized Financial Information, Operating Expenses No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Equity Method Investment, Summarized Financial Information, Other Expense (Income) No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Equity Method Investment, Summarized Financial Information, Other Expenses No definition available.
|
X | ||||||||||
- Definition
Equity Method Investment, Summarized Financial Information, Preferred Return on Equity Investment No definition available.
|
X | ||||||||||
- Definition
Equity Method Investment, Summarized Financial Information, Provision for Impairment No definition available.
|
X | ||||||||||
- Definition
Equity Method Investment, Summarized Financial Information, Real Estate Taxes No definition available.
|
X | ||||||||||
- Definition
Equity Method Investment, Summarized Financial Information, Total Other Expense Income No definition available.
|
X | ||||||||||
- Definition
Number of Real Estate Properties Sold During the period. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The amount of net income (loss) reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of revenue from sale of goods and services reduced by sales returns, allowances, and discounts reported by an equity method investment of the entity. No definition available.
|
X | ||||||||||
- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Cash received from the sale of real estate that is held for investment, that is, it is part of an investing activity during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Notes Receivable (Details)
|
12 Months Ended |
---|---|
Dec. 31, 2014
|
|
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Current Fiscal Year End Date | --12-31 |
Fixed interest rates on notes receivable | 7.00% |
X | ||||||||||
- Definition
End date of current fiscal year in the format --MM-DD. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Yield on the receivable, on which interest has been imputed, as calculated from its issuance value or purchase price. The calculated effective interest rate considers factors such as the issued face value or price paid for the receivable, the time period between payments, and the time until maturity [full receipt] of the receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Weighted Average Accretion Period of Intangible Liabilities No definition available.
|
X | ||||||||||
- Definition
Amount recognized for the passage of time, typically for liabilities, that have been discounted to their net present values. Excludes accretion associated with asset retirement obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Weighted average amortization period of finite-lived intangible assets acquired either individually or as part of a group of assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Acquired Leases Intangibles - Future Amorization and Minimum Rent, net (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended |
---|---|
Dec. 31, 2014
|
|
Amortization Expense [Abstract] | |
2013 | $ 10,603 |
2014 | 8,569 |
2015 | 6,589 |
2016 | 5,354 |
2017 | 4,374 |
Net Accretion [Abstract] | |
2013 | 3,888 |
2014 | 3,393 |
2015 | 3,088 |
2016 | 2,609 |
2017 | $ 2,417 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Future Accretion, Year Five No definition available.
|
X | ||||||||||
- Definition
Future Accretion, Year Four No definition available.
|
X | ||||||||||
- Definition
Future Accretion, Year One No definition available.
|
X | ||||||||||
- Definition
Future Accretion, Year Three No definition available.
|
X | ||||||||||
- Definition
Future Accretion, Year Two No definition available.
|
X | ||||||||||
- Definition
Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the fourth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Income Taxes - Textuals (Details) (USD $)
|
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2014
|
Dec. 31, 2013
|
Dec. 31, 2012
|
|
Income Tax Contingency [Line Items] | |||
Amounts attributable to discontinued operations | $ 0 | $ 0 | $ 600,000 |
Total income tax expense (benefit) | 1,152,000 | 0 | 13,824,000 |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate | 34.00% | ||
Net change in total valuation allowancee | $ (3,300,000) | $ (1,500,000) |
X | ||||||||||
- Definition
Tax effect allocated to a disposal group that is classified as a component of the entity reported as a separate component of income before extraordinary items. Includes the tax effects of the following: income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Percentage of domestic federal statutory tax rate applicable to pretax income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of increase (decrease) in the valuation allowance for a specified deferred tax asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Income Taxes - Tax Status of Dividends (Details) (USD $)
|
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2014
|
Dec. 31, 2013
|
Dec. 31, 2012
|
|
Income Tax Disclosure [Abstract] | |||
Document Fiscal Year Focus | 2014 | ||
Dividend per share | $ 1.88 | $ 1.85 | $ 1.85 |
Ordinary income | 70.00% | 70.00% | 71.00% |
Capital gain | 16.00% | 6.00% | 1.00% |
Return of capital | 14.00% | 0.00% | 28.00% |
Allocation of Dividends, Qualified Dividend Income | 0.00% | 24.00% | 0.00% |
X | ||||||||||
- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
|
X | ||||||||||
- Definition
Allocation of Dividends, Capital Gain No definition available.
|
X | ||||||||||
- Definition
Allocation of Dividends, Ordinary Income No definition available.
|
X | ||||||||||
- Definition
Allocation of Dividends, Qualified Dividend Income - tax treatment of dividends No definition available.
|
X | ||||||||||
- Definition
Allocation of Dividends, Return of Capital No definition available.
|
X | ||||||||||
- Definition
Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Income Taxes - Current and Deferred Tax (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2014
|
Dec. 31, 2013
|
Dec. 31, 2012
|
|
Document Fiscal Year Focus | 2014 | ||
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate | 34.00% | ||
Current | $ 1,152 | $ 0 | $ 97 |
Deferred | 0 | 0 | 13,727 |
Total income tax expense (benefit) | $ 1,152 | $ 0 | $ 13,824 |
X | ||||||||||
- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
|
X | ||||||||||
- Definition
Amount of current income tax expense (benefit) pertaining to taxable income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Percentage of domestic federal statutory tax rate applicable to pretax income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Income Taxes - Continuing and Discontinuing Tax (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2014
|
Dec. 31, 2013
|
Dec. 31, 2012
|
|
Federal Income Tax Expense (Benefit), Continuing Operations | $ 1,152 | $ 0 | $ 13,224 |
Amounts attributable to discontinued operations | 0 | 0 | 600 |
Total income tax expense (benefit) | 1,152 | 0 | 13,824 |
Discontinued operations
|
|||
Amounts attributable to discontinued operations | $ 0 | $ (18) |
X | ||||||||||
- Definition
Tax effect allocated to a disposal group that is classified as a component of the entity reported as a separate component of income before extraordinary items. Includes the tax effects of the following: income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of current and deferred federal income tax expense (benefit) attributable to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Income Taxes - Tax Reconciliation (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2014
|
Dec. 31, 2013
|
Dec. 31, 2012
|
|
Document Fiscal Year Focus | 2014 | ||
Federal Income Tax Expense (Benefit), Continuing Operations | $ 1,152 | $ 0 | $ 13,224 |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate | 34.00% | ||
Computed expected tax expense (benefit) | 5,140 | 1,677 | (2,099) |
Increase (decrease) in income tax resulting from state taxes | (629) | 98 | (122) |
Valuation allowance | (3,301) | (1,511) | 15,635 |
All other items | (58) | (264) | 410 |
Total income tax expense (benefit) | 1,152 | 0 | 13,824 |
Amounts attributable to discontinued operations | $ 0 | $ 0 | $ 600 |
X | ||||||||||
- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
|
X | ||||||||||
- Definition
Tax effect allocated to a disposal group that is classified as a component of the entity reported as a separate component of income before extraordinary items. Includes the tax effects of the following: income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Percentage of domestic federal statutory tax rate applicable to pretax income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of current and deferred federal income tax expense (benefit) attributable to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to increase (decrease) in the valuation allowance for deferred tax assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of income tax expense or benefit for the period computed by applying the domestic federal statutory tax rates to pretax income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to tax exempt income, equity in earnings (loss) of an unconsolidated subsidiary, minority noncontrolling interest income (loss), tax holiday, disposition of a business, disposition of an asset, repatriation of foreign earnings, repatriation of foreign earnings jobs creation act of 2004, increase (decrease) in enacted tax rate, prior year income taxes, increase (decrease) in deferred tax asset valuation allowance, and other adjustments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to state and local income tax expense (benefit). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Income Taxes - Deferred Taxes (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | |
---|---|---|
Dec. 31, 2014
|
Dec. 31, 2013
|
|
Income Tax Disclosure [Abstract] | ||
Document Fiscal Year Focus | 2014 | |
Deferred Tax Assets, Net [Abstract] | ||
Investments in real estate partnerships | $ 8,427 | $ 8,314 |
Provision for impairment | 3,299 | 3,273 |
Deferred interest expense | 2,538 | 4,295 |
Capitalized costs under Section 263A | 1,832 | 2,184 |
Net operating loss carryforward | 0 | 2,019 |
Employee benefits | 385 | 488 |
Other | 1,370 | 887 |
Deferred tax assets | 17,851 | 21,460 |
Valuation allowance | (17,302) | (20,603) |
Deferred tax assets, net | 549 | 857 |
Deferred Tax Liabilities, Net [Abstract] | ||
Straight line rent | 549 | 537 |
Depreciation | 0 | 320 |
Deferred tax liabilities | 549 | 857 |
Net deferred tax assets | $ 0 | $ 0 |
X | ||||||||||
- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
|
X | ||||||||||
- Definition
Deferred Tax Assets, Deferred Interest Expense No definition available.
|
X | ||||||||||
- Definition
Deferred Tax Assets, Investments in Real Estate Partnerships No definition available.
|
X | ||||||||||
- Definition
Deferred Tax Liabilities, Deprecation No definition available.
|
X | ||||||||||
- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards, net of deferred tax liability attributable to taxable temporary differences. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The tax effect as of the balance sheet date of the amount of the estimated future tax deductions arising from employee benefit costs not otherwise specified in the taxonomy, which can only be deducted for tax purposes when actual costs are incurred, and which can only be realized if sufficient tax-basis income is generated in future periods to enable the deduction to be taken. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from estimated impairment losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of deferred tax liability attributable to taxable temporary differences net of deferred tax asset attributable to deductible temporary differences and carryforwards after valuation allowances. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of deferred tax liability attributable to taxable temporary differences from capitalized costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of deferred tax liability attributable to taxable temporary differences from tax deferred revenue or other income not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Notes Payable and Unsecured Credit Facilities (Details) (USD $)
|
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2014
|
Dec. 31, 2013
|
Dec. 31, 2012
|
|
Debt Instrument [Line Items] | |||
Document Fiscal Year Focus | 2014 | ||
Long-term Debt | $ 2,021,357,000 | $ 1,854,697,000 | |
Maturities of Long-term Debt [Abstract] | |||
2013 | 432,483,000 | ||
2014 | 47,577,000 | ||
2015 | 521,606,000 | ||
2016 | 61,810,000 | ||
2017 | 184,443,000 | ||
Beyond 5 Years | 768,686,000 | ||
Unamortized debt discounts (premiums) | 4,752,000 | ||
Scheduled Principal Payments [Member]
|
|||
Debt Instrument [Line Items] | |||
Long-term Debt | 48,663,000 | ||
Maturities of Long-term Debt [Abstract] | |||
2013 | 6,587,000 | ||
2014 | 6,135,000 | ||
2015 | 5,399,000 | ||
2016 | 4,452,000 | ||
2017 | 3,443,000 | ||
Beyond 5 Years | 22,647,000 | ||
Unamortized debt discounts (premiums) | 0 | ||
Mortgage Loan Maturities [Member]
|
|||
Debt Instrument [Line Items] | |||
Long-term Debt | 500,169,000 | ||
Maturities of Long-term Debt [Abstract] | |||
2013 | 75,896,000 | ||
2014 | 41,442,000 | ||
2015 | 116,207,000 | ||
2016 | 57,358,000 | ||
2017 | 106,000,000 | ||
Beyond 5 Years | 96,039,000 | ||
Unamortized debt discounts (premiums) | 7,227,000 | ||
Unsecured Maturities [Member]
|
|||
Debt Instrument [Line Items] | |||
Long-term Debt | 1,472,525,000 | ||
Maturities of Long-term Debt [Abstract] | |||
2013 | 350,000,000 | ||
2014 | 0 | ||
2015 | 400,000,000 | ||
2016 | 0 | ||
2017 | 75,000,000 | ||
Beyond 5 Years | 650,000,000 | ||
Unamortized debt discounts (premiums) | (2,475,000) | ||
Partnership Interest [Member]
|
|||
Debt Instrument [Line Items] | |||
Notes Payable | 1,946,357,000 | 1,779,697,000 | |
Mortgage loans assumed for the acquisition of real estate | 103,187,000 | 0 | 30,467,000 |
Proceeds from unsecured credit facilities | 255,000,000 | 82,000,000 | 750,000,000 |
Fixed Rate Mortgage Loans [Member]
|
|||
Debt Instrument [Line Items] | |||
Long-term Debt | 518,993,000 | 444,245,000 | |
Fixed Rate Mortgage Loans [Member] | Consolidated Entities [Member] | Hilltop Village [Member]
|
|||
Debt Instrument [Line Items] | |||
Mortgage loans assumed for the acquisition of real estate | 7,500,000 | ||
Notes Payable to Banks [Member]
|
|||
Debt Instrument [Line Items] | |||
Long-term Debt | 1,946,357,000 | 1,779,697,000 | |
Variable Rate Mortgage Loans [Member]
|
|||
Debt Instrument [Line Items] | |||
Long-term Debt | 29,839,000 | 37,100,000 | |
Fixed Rate Unsecured Loans [Member]
|
|||
Debt Instrument [Line Items] | |||
Long-term Debt | 1,397,525,000 | 1,298,352,000 | |
Unsecured Credit Facilities [Member]
|
|||
Debt Instrument [Line Items] | |||
Long-term Debt | 75,000,000 | 75,000,000 | |
Secured Debt [Member]
|
|||
Debt Instrument [Line Items] | |||
Debt Instrument, Maturity Date Range, End | Jan. 01, 2032 | ||
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum | 3.30% | ||
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Maximum | 8.40% | ||
Debt, Weighted Average Interest Rate | 5.57% | ||
Secured Debt [Member] | Partnership Interest [Member]
|
|||
Debt Instrument [Line Items] | |||
Secured Debt, Percent Guaranteed by Parent Company | 15.50% | ||
Line of Credit [Member]
|
|||
Debt Instrument [Line Items] | |||
Line of Credit Facility, Maximum Borrowing Capacity | 800,000,000 | ||
Debt Instrument, Maturity Date | Sep. 04, 2016 | ||
Long-term Debt | 0 | 0 | |
Maturities of Long-term Debt [Abstract] | |||
Line of Credit Facility, Remaining Borrowing Capacity | 794,096,000 | ||
Line of Credit Facility, Annual Fee Description | .00225 | ||
Line of Credit [Member] | Line of Credit Facility - Unsecured [Member]
|
|||
Debt Instrument [Line Items] | |||
Debt Instrument, Basis Spread on Variable Rate | 1.175% | ||
Line of Credit Facility, Commitment Fee Percentage | 0.225% | ||
Line of Credit Facility, Maximum Increase Allowed to Borrowing Capacity | 1,000,000,000 | ||
Variable Income Interest Rate [Member] | Construction Loans [Member]
|
|||
Debt Instrument [Line Items] | |||
Debt Instrument, Interest Rate Terms | 1 month LIBOR plus 150 basis points | ||
Debt Instrument, Basis Spread on Variable Rate | 1.50% | ||
Term Loan - Unsecured [Member]
|
|||
Debt Instrument [Line Items] | |||
Debt Instrument, Interest Rate Terms | LIBOR plus 115 basis points | ||
Debt Instrument, Maturity Date | Jun. 27, 2019 | ||
Long-term Debt | 75,000,000 | 75,000,000 | |
Maturities of Long-term Debt [Abstract] | |||
Unsecured credit facilities - maximum borrowing capacity | 165,000,000 | ||
Debt Instrument, Unused Borrowing Capacity, Amount | 90,000,000 | ||
Line of Credit Facility, Annual Fee Description | 0.002 | ||
Unsecured Debt [Member]
|
|||
Debt Instrument [Line Items] | |||
Debt Instrument, Maturity Date Range, End | Jan. 01, 2024 | ||
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum | 3.75% | ||
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Maximum | 6.00% | ||
Debt, Weighted Average Interest Rate | 5.17% | ||
Unsecured Debt [Member] | Construction Loans [Member]
|
|||
Debt Instrument [Line Items] | |||
Mortgage Loans on Real Estate, Carrying Amount of Mortgages | 29,839,000 | ||
Debt Instrument, Maturity Date | Oct. 16, 2020 | ||
Unsecured Debt [Member] | General Loan [Member]
|
|||
Debt Instrument [Line Items] | |||
Debt Instrument, Interest Rate Terms | |||
Debt Instrument, Basis Spread on Variable Rate | 3.80% | ||
Unsecured Debt [Member] | Term Loan - Unsecured [Member]
|
|||
Debt Instrument [Line Items] | |||
Debt Instrument, Basis Spread on Variable Rate | 1.15% | ||
Debt Instrument, maximum increase allowed to borrowing capacity | 90,000,000 | ||
Equity Method Investments [Member]
|
|||
Debt Instrument [Line Items] | |||
Notes Payable | 506,800,000 | ||
Long-term Debt | 506,780,000 | ||
Maturities of Long-term Debt [Abstract] | |||
2013 | 24,292,000 | ||
2014 | 113,155,000 | ||
2015 | 26,214,000 | ||
2016 | 27,655,000 | ||
2017 | 21,618,000 | ||
Beyond 5 Years | 294,463,000 | ||
Unamortized debt discounts (premiums) | $ (617,000) |
X | ||||||||||
- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
|
X | ||||||||||
- Definition
Debt Instrument, maximum increase allowed to borrowing capacity [Line Items] No definition available.
|
X | ||||||||||
- Definition
Guarantor Obligations, Percent of Secured Debt Guaranteed by Parent No definition available.
|
X | ||||||||||
- Definition
Line of Credit Facility, Annual Fee Description No definition available.
|
X | ||||||||||
- Definition
Line of Credit Facility, Maximum Increase Allowed to Borrowing Capacity No definition available.
|
X | ||||||||||
- Definition
Unsecured credit facilities - maximum borrowing capacity No definition available.
|
X | ||||||||||
- Definition
Percentage points added to the reference rate to compute the variable rate on the debt instrument. No definition available.
|
X | ||||||||||
- Definition
Maximum contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Minimum contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Description of the interest rate as being fixed or variable, and, if variable, identification of the index or rate on which the interest rate is based and the number of points or percentage added to that index or rate to set the rate, and other pertinent information, such as frequency of rate resets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Latest date the outstanding debt instruments are required to be repaid, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of debt discount (net of debt premium) that was originally recognized at the issuance of the instrument that has yet to be amortized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of unused borrowing capacity under the long-term financing arrangement that is available to the entity as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Weighted average interest rate of debt outstanding. No definition available.
|
X | ||||||||||
- Definition
The fee, expressed as a percentage of the line of credit facility, for the line of credit facility regardless of whether the facility has been used. No definition available.
|
X | ||||||||||
- Definition
Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing after the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the fourth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The carrying amount of the outstanding balance due under the mortgage loan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of debt that an Entity assumes in acquiring a business or in consideration for an asset received in a noncash (or part noncash) acquisition. Noncash is defined as transactions during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of cash inflow from contractual arrangement with the lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Notes Payable and Unsecured Credit Facilities Notes Payable Phantom (Details)
|
12 Months Ended |
---|---|
Dec. 31, 2014
|
|
Variable Income Interest Rate [Member] | Construction Loans [Member]
|
|
Debt Instrument, Interest Rate Terms | 1 month LIBOR plus 150 basis points |
Debt Instrument, Basis Spread on Variable Rate | 1.50% |
Unsecured Debt [Member] | General Loan [Member]
|
|
Debt Instrument, Interest Rate Terms | |
Debt Instrument, Basis Spread on Variable Rate | 3.80% |
Unsecured Debt [Member] | Term Loan - Unsecured [Member]
|
|
Debt Instrument, Basis Spread on Variable Rate | 1.15% |
Line of Credit [Member]
|
|
Line of Credit Facility, Unsecured, Interest Rate Description | LIBOR plus 117.5 basis points |
Line of Credit Facility, Unsecured, Annual Facility Fee | .00225 |
Line of Credit [Member] | Line of Credit Facility - Unsecured [Member]
|
|
Debt Instrument, Basis Spread on Variable Rate | 1.175% |
Line of Credit Facility, Commitment Fee Percentage | 0.225% |
Term Loan - Unsecured [Member]
|
|
Debt Instrument, Interest Rate Terms | LIBOR plus 115 basis points |
Line of Credit Facility, Unsecured, Annual Facility Fee | 0.002 |
X | ||||||||||
- Definition
Line of Credit Facility, Annual Fee Description No definition available.
|
X | ||||||||||
- Definition
Percentage points added to the reference rate to compute the variable rate on the debt instrument. No definition available.
|
X | ||||||||||
- Definition
Description of the interest rate as being fixed or variable, and, if variable, identification of the index or rate on which the interest rate is based and the number of points or percentage added to that index or rate to set the rate, and other pertinent information, such as frequency of rate resets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The fee, expressed as a percentage of the line of credit facility, for the line of credit facility regardless of whether the facility has been used. No definition available.
|
X | ||||||||||
- Definition
Description of the interest rate for the amounts borrowed under the credit facility, including the terms and the method for determining the interest rate (for example, fixed or variable, LIBOR plus a percentage, increasing rate, timing of interest rate resets, remarketing provisions). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Derivative Financial Instruments - Fair Value of Derivatives (Details) (USD $)
|
12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2014
|
Dec. 31, 2014
Assets [Member]
|
Dec. 31, 2014
Derivative @ 2.087% 75K [Member]
|
Dec. 31, 2013
Derivative @ 2.087% 75K [Member]
|
Dec. 31, 2014
Derivative @ 2.088% 50K [Member]
|
Dec. 31, 2013
Derivative @ 2.088% 50K [Member]
|
Dec. 31, 2014
Derivative @ 2.873% 35K [Member]
|
Dec. 31, 2013
Derivative @ 2.873% 35K [Member]
|
Dec. 31, 2014
Derivative @ 2.864% 60K [Member]
|
Dec. 31, 2013
Derivative @ 2.864% 60K [Member]
|
Dec. 31, 2014
Derivative @ 2.479% 75K [Member]
|
Dec. 31, 2013
Derivative @ 2.479% 75K [Member]
|
Dec. 31, 2014
Derivative A @ 2.479% 50K [Member]
|
Dec. 31, 2013
Derivative A @ 2.479% 50K [Member]
|
Dec. 31, 2014
Derivative B @ 2.479% 50K [Member]
|
Dec. 31, 2013
Derivative B @ 2.479% 50K [Member]
|
Dec. 31, 2014
Derivative @ 2.196% 28.1K [Member]
|
Dec. 31, 2013
Derivative @ 2.196% 28.1K [Member]
|
Dec. 31, 2014
Derivative @ 3.41% 45K [Member] [Member]
|
Dec. 31, 2013
Derivative @ 3.41% 45K [Member] [Member]
|
Dec. 31, 2014
.76% Derivative [Member]
|
Dec. 31, 2013
.76% Derivative [Member]
|
Dec. 31, 2014
Derivative @ 3.488% 20K [Member]
|
Dec. 31, 2013
Derivative @ 3.488% 20K [Member]
|
Dec. 31, 2014
Derivative @ 3.48% 100K [Member]
|
Dec. 31, 2013
Derivative @ 3.48% 100K [Member]
|
Dec. 31, 2014
Derivative @ 3.48% 100K 2 [Member]
|
Dec. 31, 2013
Derivative @ 3.48% 100K 2 [Member]
|
Dec. 31, 2014
Unsecured Maturities [Member]
|
Dec. 31, 2014
Fair Value, Inputs, Level 2 [Member]
Fair Value, Measurements, Recurring [Member]
|
Dec. 31, 2013
Fair Value, Inputs, Level 2 [Member]
Fair Value, Measurements, Recurring [Member]
|
May 26, 2014
3.75% unsecured maturing 6/15/24 [Member]
Unsecured Debt [Member]
|
|
Derivatives, Fair Value [Line Items] | ||||||||||||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 3.75% | |||||||||||||||||||||||||||||||
Net cash proceeds from settlement of derivatives | $ 4,600,000 | |||||||||||||||||||||||||||||||
Debt Instrument, Interest Rate, Effective Percentage | 0.00% | |||||||||||||||||||||||||||||||
Document Fiscal Year Focus | 2014 | |||||||||||||||||||||||||||||||
Current Fiscal Year End Date | --12-31 | |||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | 250,000,000 | |||||||||||||||||||||||||||||||
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months | 432,483,000 | 350,000,000 | ||||||||||||||||||||||||||||||
Long-term Debt, Maturities, Repayments of Principal in Year Two | 47,577,000 | 0 | ||||||||||||||||||||||||||||||
Long-term Debt, Maturities, Repayments of Principal in Year Three | 521,606,000 | 400,000,000 | ||||||||||||||||||||||||||||||
Derivative, Inception Date | Apr. 15, 2014 | Apr. 15, 2014 | Apr. 15, 2014 | Apr. 15, 2014 | Aug. 01, 2015 | Aug. 01, 2015 | Aug. 01, 2015 | Oct. 16, 2013 | Aug. 01, 2015 | Oct. 01, 2011 | Jun. 15, 2017 | Jun. 15, 2017 | Jun. 15, 2017 | |||||||||||||||||||
Derivative, Maturity Date | Apr. 15, 2024 | Apr. 15, 2024 | Apr. 15, 2024 | Apr. 15, 2024 | Aug. 01, 2025 | Aug. 01, 2025 | Aug. 01, 2025 | Oct. 16, 2020 | Aug. 01, 2025 | Sep. 01, 2014 | Jun. 15, 2027 | Jun. 15, 2027 | Jun. 15, 2027 | |||||||||||||||||||
Derivative, Early Termination Date | Oct. 15, 2014 | Oct. 15, 2014 | Oct. 15, 2014 | Oct. 15, 2014 | Feb. 01, 2016 | Feb. 01, 2016 | Feb. 01, 2016 | Feb. 01, 2016 | Dec. 15, 2017 | Dec. 15, 2017 | Dec. 15, 2017 | |||||||||||||||||||||
Derivative, Notional Amount | 220,000,000 | 75,000,000 | 50,000,000 | 35,000,000 | 60,000,000 | 75,000,000 | 50,000,000 | 50,000,000 | 28,100,000 | 45,000,000 | 9,000,000 | 20,000,000 | 100,000,000 | 100,000,000 | ||||||||||||||||||
Derivative, Underlying Basis | 3 Month LIBOR | 3 Month LIBOR | 3 Month LIBOR | 3 Month LIBOR | 3 Month LIBOR | 3 Month LIBOR | 3 Month LIBOR | 1 Month LIBOR | 3 Month LIBOR | 1 Month LIBOR | 3 Month LIBOR | 3 Month LIBOR | 3 Month LIBOR | |||||||||||||||||||
Derivative, Fixed Interest Rate | 2.087% | 2.088% | 2.8725% | 2.864% | 2.479% | 2.479% | 2.479% | 2.196% | 3.4115% | 0.76% | 3.4875% | 3.48% | 3.48% | |||||||||||||||||||
Derivative Asset, Fair Value, Gross Asset | 0 | 7,476,000 | 0 | 4,978,000 | 0 | (1,036,000) | 0 | (1,821,000) | 0 | 8,516,000 | 0 | 5,670,000 | 0 | 5,658,000 | 0 | 82,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 35,237,000 | ||||
Derivative Liability, Fair Value, Gross Liability | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ (289,000) | $ 0 | $ (193,000) | $ 0 | $ (193,000) | $ 0 | $ (764,000) | $ 0 | $ (3,964,000) | $ 0 | $ 0 | $ 34,000 | $ (1,227,000) | $ 0 | $ (6,080,000) | $ 0 | $ (6,084,000) | $ 0 | $ 18,794,000 | $ 34,000 |
X | ||||||||||
- Definition
End date of current fiscal year in the format --MM-DD. No definition available.
|
X | ||||||||||
- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
|
X | ||||||||||
- Definition
Aggregate notional amount specified by the derivative(s). Expressed as an absolute value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Derivative, Early Termination Date No definition available.
|
X | ||||||||||
- Definition
Net cash proceeds from settlement of derivatives No definition available.
|
X | ||||||||||
- Definition
Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value, before effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets elected not to be offset. Excludes assets not subject to a master netting arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value, before effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities elected not to be offset. Excludes liabilities not subject to a master netting arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fixed interest rate related to the interest rate derivative. No definition available.
|
X | ||||||||||
- Definition
Date the entity entered into the derivative contract, in CCYY-MM-DD format. No definition available.
|
X | ||||||||||
- Definition
Date the derivative contract matures, in CCYY-MM-DD format. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Reference to the index or unit of measurement for the underlying which establishes the pricing terms of the derivative instrument. For example, the basis on the underlying for a natural gas futures contract might be the NYMEX price per million British thermal units (MMBtu). No definition available.
|
X | ||||||||||
- Definition
Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Derivative Financial Instruments - Derivative Gains (Losses) (Details) (USD $)
|
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2014
|
Dec. 31, 2013
|
Dec. 31, 2012
|
|
Derivative Instruments, Gain (Loss) [Line Items] | |||
Document Fiscal Year Focus | 2014 | ||
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months | $ 8,700,000 | ||
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net | (49,968,000) | 30,985,000 | 4,220,000 |
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | (9,353,000) | (9,433,000) | (9,491,000) |
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net | 0 | 0 | 0 |
Swap [Member]
|
|||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months | $ 8,000,000 |
X | ||||||||||
- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
|
X | ||||||||||
- Definition
The estimated net amount of existing gains or losses on cash flow hedges at the reporting date expected to be reclassified to earnings within the next 12 months. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The effective portion of net gain (loss) reclassified from accumulated other comprehensive income into income on derivative instruments designated and qualifying as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The portion of gains and losses (net) on derivative instruments designated and qualifying as hedging instruments representing (a) the amount of the hedge ineffectiveness and (b) the amount, if any, excluded from the assessment of hedge effectiveness. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The effective portion of gains and losses (net) on derivative instruments designated and qualifying as hedging instruments that was recognized in other comprehensive income during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Derivative Financial Instruments - Additional Information (Details) (USD $)
|
12 Months Ended |
---|---|
Dec. 31, 2014
|
|
Derivative [Line Items] | |
Current Fiscal Year End Date | --12-31 |
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months | $ 8,700,000 |
Assets [Member]
|
|
Derivative [Line Items] | |
Derivative, Notional Amount | $ 220,000,000 |
2015 Debt Issuance [Member] | Derivative [Member]
|
|
Derivative [Line Items] | |
Derivative, weighted average fixed interest rate | 2.67% |
2017 Debt issuance [Member] | Derivative [Member]
|
|
Derivative [Line Items] | |
Derivative, weighted average fixed interest rate | 3.48% |
X | ||||||||||
- Definition
End date of current fiscal year in the format --MM-DD. No definition available.
|
X | ||||||||||
- Definition
Aggregate notional amount specified by the derivative(s). Expressed as an absolute value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Derivative, weighted average fixed interest rate No definition available.
|
X | ||||||||||
- Definition
The estimated net amount of existing gains or losses on cash flow hedges at the reporting date expected to be reclassified to earnings within the next 12 months. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Fair Value Measurements - Fair Value of Financial Instruments (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | |
---|---|---|
Dec. 31, 2014
|
Dec. 31, 2013
|
|
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Document Fiscal Year Focus | 2014 | |
Unsecured Credit Facilities [Member] | Minimum [Member]
|
||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair Value Assumptions, Risk Free Interest Rate | 1.30% | 1.40% |
Unsecured Credit Facilities [Member] | Maximum [Member]
|
||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair Value Assumptions, Risk Free Interest Rate | 1.30% | 1.40% |
Notes Receivable [Member] | Minimum [Member]
|
||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair Value Assumptions, Risk Free Interest Rate | 7.38% | 7.75% |
Notes Receivable [Member] | Maximum [Member]
|
||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair Value Assumptions, Risk Free Interest Rate | 7.38% | 7.75% |
Notes Payable to Banks [Member] | Minimum [Member]
|
||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair Value Assumptions, Risk Free Interest Rate | 0.90% | 3.00% |
Notes Payable to Banks [Member] | Maximum [Member]
|
||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair Value Assumptions, Risk Free Interest Rate | 3.40% | 3.50% |
Fair Value, Inputs, Level 3 [Member]
|
||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Notes Receivable, Fair Value | $ 11,980 | $ 11,600 |
Fair Value, Inputs, Level 2 [Member]
|
||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Notes Payable, Fair Value | 2,116,000 | 1,936,400 |
Fair Value, Inputs, Level 2 [Member] | Unsecured Credit Facilities [Member]
|
||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Debt Instrument, Fair Value Disclosure | $ 75,000 | $ 75,400 |
X | ||||||||||
- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
|
X | ||||||||||
- Definition
Fair value portion of debt instrument payable, including, but not limited to, notes payable and loans payable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Risk-free interest rate assumption used in valuing an instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Fair value portion of notes payable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value portion of an agreement for an unconditional promise by the maker to pay the holder a definite sum of money at a future date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Fair Value Measurements - Recurring and Nonrecurring Basis (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2014
|
Dec. 31, 2013
|
Dec. 31, 2012
|
|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Document Fiscal Year Focus | 2014 | ||
Current Fiscal Year End Date | --12-31 | ||
Investments in real estate partnerships | $ 333,167 | $ 358,849 | |
Provision for impairment | 1,257 | 6,000 | 74,816 |
Fair Value, Measurements, Recurring [Member]
|
|||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Total | 28,134 | 61,918 | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
|
|||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Trading Securities, Fair Value Disclosure | 28,134 | 26,681 | |
Interest Rate Derivative Assets, at Fair Value | 0 | 0 | |
Total | 28,134 | 26,681 | |
Derivative Liabilities | 0 | 0 | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
|
|||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Trading Securities, Fair Value Disclosure | 0 | 0 | |
Interest Rate Derivative Assets, at Fair Value | 0 | 35,237 | |
Total | 0 | 35,237 | |
Derivative Liabilities | 18,794 | 34 | |
Derivative Liability, Fair Value, Gross Liability | (18,794) | (34) | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
|
|||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Trading Securities, Fair Value Disclosure | 0 | 0 | |
Interest Rate Derivative Assets, at Fair Value | 0 | 0 | |
Total | 0 | 0 | |
Derivative Liabilities | 0 | 0 | |
Fair Value, Measurements, Nonrecurring [Member]
|
|||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Long-Lived Assets | 397 | 4,686 | |
Fair Value, Measurements, Nonrecurring [Member] | Long Lived Assets Held And Used [Member]
|
|||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair Value, Option, Changes in Fair Value, Gain (Loss) | (175) | (6,000) | |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member]
|
|||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Long-Lived Assets | 0 | 0 | |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member]
|
|||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Long-Lived Assets | 0 | 0 | |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
|
|||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Long-Lived Assets | $ 397 | $ 4,686 | |
Minimum [Member]
|
|||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair Value Inputs, Long-term Revenue Growth Rate | 0.00% | ||
Fair Value Inputs, Discount Rate | 9.00% | ||
Minimum [Member] | Overall Cap Rate [Member]
|
|||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair Value Inputs, Cap Rate | 8.00% | ||
Minimum [Member] | Terminal Cap Rate [Member]
|
|||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair Value Inputs, Cap Rate | 8.50% | ||
Land [Member]
|
|||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Number of impaired land parcels | 2 |
X | ||||||||||
- Definition
End date of current fiscal year in the format --MM-DD. No definition available.
|
X | ||||||||||
- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
|
X | ||||||||||
- Definition
Number of impaired land parcels No definition available.
|
X | ||||||||||
- Definition
Fair value portion of probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value, before effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities elected not to be offset. Excludes liabilities not subject to a master netting arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Ratio of the net operating income produced by an asset and its capital cost (original prices paid to buy the asset), used as an input to measure fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Interest rate used to find the present value of an amount to be paid or received in the future as an input to measure fair value. For example, but not limited to, weighted average cost of capital (WACC), cost of capital, cost of equity and cost of debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Percentage of assumed long-term growth in revenues, used as an input to measure fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
For each line item in the statement of financial position, the amounts of gains and losses from fair value changes included in earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The charge against earnings in the period to reduce the carrying amount of real property to fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value as of the balance sheet date of interest rate derivative assets, which includes all such derivative instruments in hedging and nonhedging relationships that are recognized as assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total investments in (A) an entity in which the entity has significant influence, but does not have control, (B) subsidiaries that are not required to be consolidated and are accounted for using the equity and or cost method, and (C) an entity in which the reporting entity shares control of the entity with another party or group. Includes long-term advances receivable from a party that is affiliated with the reporting entity by means of direct or indirect ownership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Long-lived assets other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of investments in debt and equity securities and other forms of securities that provide ownership interests classified as trading. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Fair Value Measurements - Level 3 Inputs (Details) (Minimum [Member])
|
12 Months Ended |
---|---|
Dec. 31, 2013
|
|
Fair Value Inputs, Assets, Quantitative Information [Line Items] | |
Fair Value Inputs, Long-term Revenue Growth Rate | 0.00% |
Fair Value Inputs, Discount Rate | 9.00% |
Overall Cap Rate [Member]
|
|
Fair Value Inputs, Assets, Quantitative Information [Line Items] | |
Fair Value Inputs, Cap Rate | 8.00% |
Terminal Cap Rate [Member]
|
|
Fair Value Inputs, Assets, Quantitative Information [Line Items] | |
Fair Value Inputs, Cap Rate | 8.50% |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Ratio of the net operating income produced by an asset and its capital cost (original prices paid to buy the asset), used as an input to measure fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Interest rate used to find the present value of an amount to be paid or received in the future as an input to measure fair value. For example, but not limited to, weighted average cost of capital (WACC), cost of capital, cost of equity and cost of debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Percentage of assumed long-term growth in revenues, used as an input to measure fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Equity and Capital - Terms and Conditions of Preferred and Common Stock (Details) (USD $)
|
12 Months Ended | 12 Months Ended | 3 Months Ended | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2014
|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2014
Series 6 and Series 7
|
Dec. 31, 2014
Parent Company [Member]
|
Dec. 31, 2013
Parent Company [Member]
|
Dec. 31, 2012
Parent Company [Member]
|
Dec. 31, 2014
Parent Company [Member]
Series 6
|
Dec. 31, 2013
Parent Company [Member]
Series 6
|
Dec. 31, 2014
Parent Company [Member]
Series 7
|
Dec. 31, 2013
Parent Company [Member]
Series 7
|
Dec. 31, 2014
Maximum [Member]
|
Aug. 10, 2013
Maximum [Member]
|
Dec. 31, 2014
Maximum [Member]
Parent Company [Member]
|
Mar. 31, 2015
Equity Offering [Member]
|
Jan. 15, 2015
Equity Offering [Member]
|
|
Class of Stock [Line Items] | ||||||||||||||||
Document Fiscal Year Focus | 2014 | |||||||||||||||
Current Fiscal Year End Date | --12-31 | |||||||||||||||
Weighted Average Limited Partnership Units Outstanding, Basic | 157,950 | 171,886 | 177,164 | |||||||||||||
General Partners' Capital Account, Units Outstanding | 94,108,061 | 92,333,000 | ||||||||||||||
Partners' Capital Account, Units | 94,262,231 | 92,499,000 | ||||||||||||||
Parent Company, Ownership Percentage of Outstanding Common Partnership Units of Operating Partnership | 99.80% | 99.80% | ||||||||||||||
Preferred Stock, Dividend Rate, Percentage | 6.625% | 6.625% | 6.00% | 6.00% | ||||||||||||
Preferred Stock, Callable Date | Feb. 16, 2017 | Feb. 16, 2017 | Aug. 23, 2017 | Aug. 23, 2017 | ||||||||||||
Preferred Stock, Shares Issued | 13,000,000 | 10,000,000 | 3,000,000 | |||||||||||||
Net proceeds from issuance of preferred stock | $ 0 | $ 0 | $ 313,900,000 | |||||||||||||
Amount avaiable for issuance | 96,000,000 | 198,400,000 | 200,000,000 | 200,000,000 | ||||||||||||
Net proceeds from common stock issuance | 103,821,000 | 101,342,000 | ||||||||||||||
Payments for Commissions | 1,369,000 | 1,521,000 | ||||||||||||||
Payments of stock issuance costs | 0 | 68,000 | ||||||||||||||
Liquidation preference | 325,000,000 | 325,000,000 | 250,000,000 | 250,000,000 | 75,000,000 | 75,000,000 | ||||||||||
Award vesting period | 5 years | 5 years | ||||||||||||||
Equity Offering, Common Shares available for issue | 2,875,000 | |||||||||||||||
Sale of Stock, Price Per Share | $ 67.40 | |||||||||||||||
Equity Offering, Net Proceeds | $ 193,800,000 | |||||||||||||||
Weighted Average Price Per Share | $ 60.00 | $ 53.35 | ||||||||||||||
Limited Partners' Capital Account, Units Outstanding | 154,170 | 165,796 |
X | ||||||||||
- Definition
End date of current fiscal year in the format --MM-DD. No definition available.
|
X | ||||||||||
- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
|
X | ||||||||||
- Definition
Equity Issuances, Amount Available for Issuance No definition available.
|
X | ||||||||||
- Definition
Equity Offering, Common Shares available for issue No definition available.
|
X | ||||||||||
- Definition
Equity Offering, Net Proceeds: Proceeds from entering into an equity offering No definition available.
|
X | ||||||||||
- Definition
Preferred Stock, Callable Date No definition available.
|
X | ||||||||||
- Definition
Weighted Average Price Per Share No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The number of general partner units outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of units or percentage investment held by one or more members or limited partners of the LLC or LP. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of limited partner units outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of each class of partnership units outstanding at the balance sheet date. Units represent shares of ownership of the general, limited, and preferred partners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of cash paid for commissions during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow for cost incurred directly with the issuance of an equity security. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The percentage rate used to calculate dividend payments on preferred stock. No definition available.
|
X | ||||||||||
- Definition
Value of the difference between preference in liquidation and the par or stated values of the preferred shares. No definition available.
|
X | ||||||||||
- Definition
Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash inflow from the additional capital contribution to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Proceeds from issuance of capital stock which provides for a specific dividend that is paid to the shareholders before any dividends to common stockholders and which takes precedence over common stockholders in the event of liquidation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Per share amount received by subsidiary or equity investee for each share of common stock issued or sold in the stock transaction. No definition available.
|
X | ||||||||||
- Definition
Period which an employee's right to exercise an award is no longer contingent on satisfaction of either a service condition, market condition or a performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Weighted average number of limited partnership units outstanding determined by relating the portion of time within a reporting period that limited partnership units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Equity and Capital - Repayment of Debt (Details) (Parent Company [Member], USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2014
|
Dec. 31, 2013
|
Dec. 31, 2012
|
|
Parent Company [Member]
|
|||
Extinguishment of Debt [Line Items] | |||
Repayment of fixed rate unsecured notes | $ 150,000 | $ 0 | $ 192,377 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The cash outflow to repay long-term debt that is not secured by collateral. Excludes repayments of tax exempt unsecured debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Equity and Capital - Noncontrolling Interest of Limited Partners (Details) (USD $)
|
12 Months Ended | |
---|---|---|
Dec. 31, 2014
|
Dec. 31, 2013
|
|
Limited Partners' Capital Account [Line Items] | ||
Stock Issued During Period, Shares, New Issues | 1,730,000 | 1,899,000 |
Preferred Stock, Liquidation Preference, Value | $ 325,000,000 | $ 325,000,000 |
Limited Partners' Capital Account, Units Outstanding | 154,170 | 165,796 |
Partners' Capital Account, Units | 94,262,231 | 92,499,000 |
General Partners' Capital Account, Units Outstanding | 94,108,061 | 92,333,000 |
Noncontrolling Interest in Operating Partnerships | 31,800,000 | 19,200,000 |
Parent Company [Member]
|
||
Limited Partners' Capital Account [Line Items] | ||
Stock Issued During Period, Shares, New Issues | 13,000,000 | |
Parent Company, Ownership Percentage of Outstanding Common Partnership Units of Operating Partnership | 99.80% | 99.80% |
Series 7 | Parent Company [Member]
|
||
Limited Partners' Capital Account [Line Items] | ||
Stock Issued During Period, Shares, New Issues | 3,000,000 | |
Preferred Stock, Liquidation Preference, Value | 75,000,000 | 75,000,000 |
Preferred Stock, Dividend Rate, Percentage | 6.00% | 6.00% |
Preferred Stock, Callable Date | Aug. 23, 2017 | Aug. 23, 2017 |
Series 6 | Parent Company [Member]
|
||
Limited Partners' Capital Account [Line Items] | ||
Stock Issued During Period, Shares, New Issues | 10,000,000 | |
Preferred Stock, Liquidation Preference, Value | $ 250,000,000 | $ 250,000,000 |
Preferred Stock, Dividend Rate, Percentage | 6.625% | 6.625% |
Preferred Stock, Callable Date | Feb. 16, 2017 | Feb. 16, 2017 |
X | ||||||||||
- Definition
Preferred Stock, Callable Date No definition available.
|
X | ||||||||||
- Definition
The number of general partner units outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of units or percentage investment held by one or more members or limited partners of the LLC or LP. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The number of limited partner units outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying amount of the equity interests owned by noncontrolling partners in an operating partnership included in the entity's consolidated financial statements. No definition available.
|
X | ||||||||||
- Definition
The number of each class of partnership units outstanding at the balance sheet date. Units represent shares of ownership of the general, limited, and preferred partners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The percentage rate used to calculate dividend payments on preferred stock. No definition available.
|
X | ||||||||||
- Definition
Value of the difference between preference in liquidation and the par or stated values of the preferred shares. No definition available.
|
X | ||||||||||
- Definition
Number of new stock issued during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Equity and Capital - Accumulated Other Comprehensive Income (Loss) (Details) (USD $)
In Thousands, except Share data, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2014
|
Dec. 31, 2013
|
Dec. 31, 2012
|
|
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Document Fiscal Year Focus | 2014 | ||
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | $ 9,353 | $ 9,433 | $ 9,491 |
Weighted Average Limited Partnership Units Outstanding, Basic | 157,950 | 171,886 | 177,164 |
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
|
|||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 9,353 | 9,433 | 9,491 |
Accumulated Net Realized Investment Gain (Loss) [Member]
|
|||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | (7,765) | 0 | 0 |
Accumulated Other Comprehensive Income (Loss) [Member]
|
|||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Other Comprehensive Income (Loss), before Reclassifications, before Tax | (42,203) | 30,985 | 4,220 |
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 1,588 | 9,433 | 9,491 |
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | |||
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning of Period | (17,883) | (58,301) | (72,012) |
Current period other comprehensive income, net | (40,615) | 40,418 | 13,711 |
Accumulated Other Comprehensive Income (Loss), Net of Tax, End of Period | (58,498) | (17,883) | (58,301) |
Parent Company [Member]
|
|||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax | 7,765 | 0 | 0 |
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | |||
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning of Period | (17,404) | ||
Current period other comprehensive income, net | (40,615) | 40,418 | 13,711 |
Accumulated Other Comprehensive Income (Loss), Net of Tax, End of Period | (57,748) | (17,404) | |
Parent Company [Member] | Accumulated Other Comprehensive Income (Loss) [Member]
|
|||
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | |||
Current period other comprehensive income, net | (40,344) | 40,311 | 13,714 |
Noncontrolling Interest [Member] | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
|
|||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Other Comprehensive Income (Loss), before Reclassifications, before Tax | (444) | 106 | (34) |
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 173 | 1 | 31 |
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | |||
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning of Period | (479) | (586) | (583) |
Current period other comprehensive income, net | (271) | 107 | (3) |
Accumulated Other Comprehensive Income (Loss), Net of Tax, End of Period | (750) | (479) | (586) |
Noncontrolling Interest [Member] | Accumulated Net Unrealized Investment Gain (Loss) [Member]
|
|||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Other Comprehensive Income (Loss), before Reclassifications, before Tax | 13 | 0 | 0 |
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | (13) | 0 | 0 |
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | |||
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning of Period | 0 | 0 | 0 |
Current period other comprehensive income, net | 0 | 0 | 0 |
Accumulated Other Comprehensive Income (Loss), Net of Tax, End of Period | 0 | 0 | 0 |
Noncontrolling Interest [Member] | Accumulated Other Comprehensive Income (Loss) [Member]
|
|||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Other Comprehensive Income (Loss), before Reclassifications, before Tax | (431) | 106 | (34) |
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 160 | 1 | 31 |
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | |||
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning of Period | (479) | (586) | (583) |
Current period other comprehensive income, net | (271) | 107 | (3) |
Accumulated Other Comprehensive Income (Loss), Net of Tax, End of Period | (750) | (479) | (586) |
Controlling [Member] | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
|
|||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Other Comprehensive Income (Loss), before Reclassifications, before Tax | (49,524) | 30,879 | 4,254 |
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 9,180 | 9,432 | 9,460 |
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | |||
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning of Period | (17,404) | (57,715) | (71,429) |
Current period other comprehensive income, net | (40,344) | 40,311 | 13,714 |
Accumulated Other Comprehensive Income (Loss), Net of Tax, End of Period | (57,748) | (17,404) | (57,715) |
Controlling [Member] | Accumulated Net Unrealized Investment Gain (Loss) [Member]
|
|||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Other Comprehensive Income (Loss), before Reclassifications, before Tax | 7,752 | 0 | 0 |
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | (7,752) | 0 | 0 |
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | |||
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning of Period | 0 | 0 | 0 |
Current period other comprehensive income, net | 0 | 0 | 0 |
Accumulated Other Comprehensive Income (Loss), Net of Tax, End of Period | 0 | 0 | 0 |
Controlling [Member] | Accumulated Other Comprehensive Income (Loss) [Member]
|
|||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Other Comprehensive Income (Loss), before Reclassifications, before Tax | (41,772) | 30,879 | 4,254 |
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 1,428 | 9,432 | 9,460 |
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | |||
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning of Period | (17,404) | (57,715) | (71,429) |
Current period other comprehensive income, net | (40,344) | 40,311 | 13,714 |
Accumulated Other Comprehensive Income (Loss), Net of Tax, End of Period | $ (57,748) | $ (17,404) | $ (57,715) |
X | ||||||||||
- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The effective portion of net gain (loss) reclassified from accumulated other comprehensive income into income on derivative instruments designated and qualifying as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after tax, before reclassification adjustments of other comprehensive income (loss). No definition available.
|
X | ||||||||||
- Definition
Amount after tax and reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after tax of reclassification adjustment from accumulated other comprehensive income for unrealized gain (loss) realized upon the sale of available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after tax of reclassification adjustments of other comprehensive income (loss). No definition available.
|
X | ||||||||||
- Definition
Weighted average number of limited partnership units outstanding determined by relating the portion of time within a reporting period that limited partnership units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Stock-Based Compensation (Details) (USD $)
|
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2014
|
Dec. 31, 2013
|
Dec. 31, 2012
|
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Current Fiscal Year End Date | --12-31 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 25.00% | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures | 0 | 0 | 0 |
Less: Amount capitalized | $ (2,707,000) | $ (2,188,000) | $ (1,979,000) |
Number of shares authorized | 4,100,000 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | |||
Stock Options, Outstanding, Beginning Balance | 295,924 | ||
Stock Options, Exercised | 287,183 | ||
Stock Options, Forfeited | 0 | ||
Stock Options, Expired | 0 | ||
Stock Options, Outstanding, Ending Balance | 8,741 | 295,924 | |
Stock Options, Vested and Expected to Vest | 8,741 | ||
Stock Options, Exercisable | 8,741 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward] | |||
Stock Options, Outstanding, Weighted Average Exercise Price, Beginning Balance | $ 52.46 | ||
Stock Options, Exercised, Weighted Average Exercise Price | $ 51.36 | ||
Stock Options, Forfeited, Weighted Average Exercise Price | $ 0.00 | ||
Stock Options, Expired, Weighted Average Exercise Price | $ 0.00 | ||
Stock Options, Outstanding, Weighted Average Exercise Price, Ending Balance | $ 88.45 | $ 52.46 | |
Stock Options, Vested and Expected to Vest, Weighted Average Exercise Price | $ 88.45 | ||
Stock Options, Exercisable, Weighted Average Exercise Price | $ 88.45 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract] | |||
Stock Options, Outstanding, Weighted Average Remaining Contractual Term in Years, Beginning Balance | 2 years 1 month 6 days | 1 year 1 month 6 days | |
Stock Options, Outstanding, Weighted Average Remaining Contractual Term in Years, Ending Balance | 2 years 1 month 6 days | 1 year 1 month 6 days | |
Stock Options, Vested and Expected to Vest, Weighted Average Remaining Contractual Term in Years | 2 years 1 month 6 days | ||
Stock Options, Exercisable, Weighted Average Remaining Contractual Term in Years | 2 years 1 month 6 days | ||
Stock Options, Outstanding, Aggregate Intrinsic Value, Beginning Balance | (1,822,000) | ||
Stock Options, Outstanding, Aggregate Intrinsic Value, Ending Balance | (216,000) | (1,822,000) | |
Stock Options, Vested and Expected to Vest, Aggregate Intrinsic Value | (216,000) | ||
Stock Options, Exercisable, Aggregate Intrinsic Value | (216,000) | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Total Intrinsic Value | 1,300,000 | 141,000 | 92,000 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract] | |||
Number of shares available for grant | 2,800,000 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate | 24.60% | 27.80% | 48.80% |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate | 0.64% | 0.42% | 0.32% |
Restricted Stock [Member]
|
|||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Allocated Share-based Compensation Expense | 12,161,000 | 14,141,000 | 11,526,000 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract] | |||
Stock Options, Vested and Expected to Vest, Aggregate Intrinsic Value | 12,400,000 | 11,500,000 | 6,600,000 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | |||
Restricted Stock, Non-Vested, Shares Outstanding, Beginning Balance | 685,697 | ||
Restricted Stock, Shares Vested and Distributed | 255,962 | ||
Restricted Stock, Shares Forfeited | 12,310 | ||
Restricted Stock, Non-Vested, Shares Outstanding, Ending Balance | 676,366 | 685,697 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract] | |||
Restricted Stock, Non-Vested, Intrinsic Value | 43,139,000 | ||
Restricted Stock, Shares Vested and Distributed, Weighted Average Grant Price | $ 48.38 | ||
Restricted Stock, Shares Forfeited, Weighted Average Grant Price | $ 46.50 | ||
Restricted Stock, Shares Granted, Total Weighted Average Grant Price | $ 48.18 | $ 52.80 | $ 39.44 |
Time Based Awards Granted
|
|||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | |||
Restricted Stock, Shares Granted | 143,055 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract] | |||
Restricted Stock, Shares Granted, Weighted Average Grant Price | $ 47.62 | ||
Performance Based Awards Granted
|
|||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | |||
Restricted Stock, Shares Granted | 12,828 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract] | |||
Restricted Stock, Shares Granted, Weighted Average Grant Price | $ 46.77 | ||
Market Based Awards Granted
|
|||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | |||
Restricted Stock, Shares Granted | 103,058 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract] | |||
Restricted Stock, Shares Granted, Weighted Average Grant Price | $ 49.14 | ||
Award vesting period | 3 years | ||
Parent Company [Member]
|
|||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Total Stock-Based Compensation | 9,662,000 | 12,191,000 | 9,806,000 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract] | |||
Restricted Stock, Non-Vested, Unrecognized Compensation Cost | 11,500,000 | ||
Awards granted, lives | 10 years | ||
Period for recognition for compensation costs | 3 years | ||
Partnership Interest [Member]
|
|||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Total Stock-Based Compensation | 9,662,000 | 12,191,000 | 9,806,000 |
Director
|
|||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Allocated Share-based Compensation Expense | $ 208,000 | $ 238,000 | $ 259,000 |
Minimum [Member] | Parent Company [Member]
|
|||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract] | |||
Award vesting period | 1 year | ||
Maximum [Member] | Parent Company [Member]
|
|||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract] | |||
Award vesting period | 5 years |
X | ||||||||||
- Definition
End date of current fiscal year in the format --MM-DD. No definition available.
|
X | ||||||||||
- Definition
Non-Vested Restricted Stock Intrinsic Value No definition available.
|
X | ||||||||||
- Definition
Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Represents the compensation cost capitalized during the period arising from equity-based compensation arrangements (for example, shares of stock, units, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Unrecognized cost of unvested share-based compensation awards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Weighted average period over which unrecognized compensation is expected to be recognized for equity-based compensation plans, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Period which an employee's right to exercise an award is no longer contingent on satisfaction of either a service condition, market condition or a performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Percentage of vesting of share-based compensation awards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Weighted average fair value as of the grant date of equity-based award plans other than stock (unit) option plans that were not exercised or put into effect as a result of the occurrence of a terminating event. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The weighted average fair value as of grant date pertaining to an equity-based award plan other than a stock (or unit) option plan for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Expected term of share-based compensation awards, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The estimated measure of the percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The risk-free interest rate assumption that is used in valuing an option on its own shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The maximum number of shares (or other type of equity) originally approved (usually by shareholders and board of directors), net of any subsequent amendments and adjustments, for awards under the equity-based compensation plan. As stock or unit options and equity instruments other than options are awarded to participants, the shares or units remain authorized and become reserved for issuance under outstanding awards (not necessarily vested). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The difference between the maximum number of shares (or other type of equity) authorized for issuance under the plan (including the effects of amendments and adjustments), and the sum of: 1) the number of shares (or other type of equity) already issued upon exercise of options or other equity-based awards under the plan; and 2) shares (or other type of equity) reserved for issuance on granting of outstanding awards, net of cancellations and forfeitures, if applicable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of difference between fair value of the underlying shares reserved for issuance and exercise price of vested portions of options outstanding and currently exercisable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of shares into which fully or partially vested stock options outstanding as of the balance sheet date can be currently converted under the option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The weighted-average price as of the balance sheet date at which grantees can acquire the shares reserved for issuance on vested portions of options outstanding and currently exercisable under the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Weighted average remaining contractual term for vested portions of options outstanding and currently exercisable or convertible, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of accumulated difference between fair value of underlying shares on dates of exercise and exercise price on options exercised (or share units converted) into shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
For presentations that combine terminations, the number of shares under options that were cancelled during the reporting period as a result of occurrence of a terminating event specified in contractual agreements pertaining to the stock option plan or that expired. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Weighted average price of options that were either forfeited or expired. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net number of share options (or share units) granted during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount by which the current fair value of the underlying stock exceeds the exercise price of options outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of options outstanding, including both vested and non-vested options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Weighted average price at which grantees can acquire the shares reserved for issuance under the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Weighted average remaining contractual term for option awards outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount by which the current fair value of the underlying stock exceeds the exercise price of fully vested and expected to vest options outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
As of the balance sheet date, the number of shares into which fully vested and expected to vest stock options outstanding can be converted under the option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
As of the balance sheet date, the weighted-average exercise price for outstanding stock options that are fully vested or expected to vest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Weighted average remaining contractual term for fully vested and expected to vest options outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Weighted average price at which option holders acquired shares when converting their stock options into shares. No definition available.
|
X | ||||||||||
- Definition
Weighted average price at which grantees could have acquired the underlying shares with respect to stock options that were terminated. No definition available.
|
X | ||||||||||
- Definition
Weighted average per share amount at which grantees can acquire shares of common stock by exercise of options. No definition available.
|
X | ||||||||||
- Definition
Number of shares related to Restricted Stock Award forfeited during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of shares (or other type of equity) forfeited during the period. No definition available.
|
X | ||||||||||
- Definition
Number of share options (or share units) exercised during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Stock-Based Compensation Stock-Based Compensation Phantom (Details)
In Thousands, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2014
|
Dec. 31, 2013
|
Dec. 31, 2012
|
|
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures | 0 | 0 | 0 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Net number of share options (or share units) granted during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Saving and Retirement Plans - 401(K) Plan (Details) (USD $)
|
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2014
|
Dec. 31, 2013
|
Dec. 31, 2012
|
|
Defined Benefit Plan Disclosure [Line Items] | |||
Defined Contribution Plan, Maximum Annual Contribution Per Employee, Amount | $ 5,000 | ||
Current Fiscal Year End Date | --12-31 | ||
Profit Sharing Contribution, Vesting Period | 3 years | ||
Profit Sharing Contributions, Cost Recognized | 1,300,000 | 1,200,000 | 1,100,000 |
Defined Contribution Plan, Cost Recognized | $ 1,500,000 | $ 1,500,000 | $ 1,400,000 |
X | ||||||||||
- Definition
End date of current fiscal year in the format --MM-DD. No definition available.
|
X | ||||||||||
- Definition
Defined Contribution Plan, Maximum Annual Employer Matching Contribution, Amount No definition available.
|
X | ||||||||||
- Definition
Profit Sharing Contributions, Cost Recognized No definition available.
|
X | ||||||||||
- Definition
Profit Sharing Contribution, Vesting Period No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The amount of the cost recognized during the period for defined contribution plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Saving and Retirement Plans - Non-Qualified Deferred Compensation Plan (Details) (USD $)
In Millions, unless otherwise specified |
Dec. 31, 2014
|
Dec. 31, 2013
|
---|---|---|
Compensation and Retirement Disclosure [Abstract] | ||
Deferred Compensation Liability, Current and Noncurrent | $ 27.6 | $ 26.1 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Aggregate carrying value as of the balance sheet date of the liabilities for all deferred compensation arrangements. Represents currently earned compensation under compensation arrangements that is not actually paid until a later date. No definition available.
|
Earnings per Share and Unit (Details) (USD $)
In Thousands, except Share data, unless otherwise specified |
3 Months Ended | 12 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2014
|
Sep. 30, 2014
|
Jun. 30, 2014
|
Mar. 31, 2014
|
Dec. 31, 2013
|
Sep. 30, 2013
|
Jun. 30, 2013
|
Mar. 31, 2013
|
Dec. 31, 2014
|
Dec. 31, 2013
|
Dec. 31, 2012
|
|
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items] | |||||||||||
Document Fiscal Year Focus | 2014 | ||||||||||
Current Fiscal Year End Date | --12-31 | ||||||||||
Weighted Average Limited Partnership Units Outstanding, Basic | 157,950 | 171,886 | 177,164 | ||||||||
Numerator [Abstract] | |||||||||||
Net income (loss) attributable to common stockholders | $ 73,515 | $ 47,942 | $ 25,482 | $ 19,389 | $ 46,326 | $ 34,998 | $ 31,864 | $ 15,554 | |||
Income (loss) per common share - basic (note 15): | |||||||||||
Net income attributable to common stockholders (in dollars per share) | $ 0.79 | $ 0.52 | $ 0.28 | $ 0.21 | $ 0.50 | $ 0.38 | $ 0.35 | $ 0.17 | |||
Income (loss) per common share - diluted (note 15): | |||||||||||
Net income (loss) attributable to common stockholders (in dollars per share) | $ 0.79 | $ 0.52 | $ 0.28 | $ 0.21 | $ 0.50 | $ 0.38 | $ 0.35 | $ 0.17 | |||
Parent Company [Member]
|
|||||||||||
Numerator [Abstract] | |||||||||||
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Noncontrolling Interest | 0 | 121 | (43) | ||||||||
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | 0 | 65,164 | (21,685) | ||||||||
Income (Loss) from Continuing Operations Attributable to Noncontrolling Interest | 1,457 | 1,360 | 385 | ||||||||
Income (Loss) from Continuing Operations Attributable to Parent | 187,390 | 84,640 | 47,552 | ||||||||
Less: preferred stock dividends | 21,062 | 21,062 | 32,531 | ||||||||
Net income attributable to noncontrolling interests | 1,457 | 1,481 | 342 | ||||||||
Net income (loss) attributable to common stockholders | 165,875 | 128,294 | (7,236) | ||||||||
Less: dividends paid on unvested restricted stock | 453 | 448 | 572 | ||||||||
Add: dividends paid on Treasury Method restricted stock | 63 | 45 | 71 | ||||||||
Net (loss) income for common stockholders - diluted | 165,938 | 128,339 | (7,165) | ||||||||
Denominator [Abstract] | |||||||||||
Weighted average common shares/units outstanding for basic EPS/EPU | 92,370,000 | 91,383,000 | 89,630,000 | ||||||||
Incremental Common Shares Attributable to Dilutive Effect of Call Options and Warrants | 0 | 2,000 | 0 | ||||||||
Incremental shares to be issued under unvested restricted stock | 34,000 | 24,000 | 39,000 | ||||||||
Weighted average common shares/units outstanding for diluted EPS/EPU | 92,404,000 | 91,409,000 | 89,669,000 | ||||||||
Income (loss) per common share - basic (note 15): | |||||||||||
Continuing operations (in dollars per share) | $ 1.80 | $ 0.69 | $ 0.16 | ||||||||
Discontinued operations (in dollars per share) | $ 0.00 | $ 0.71 | $ (0.24) | ||||||||
Net income attributable to common stockholders (in dollars per share) | $ 1.80 | $ 1.40 | $ (0.08) | ||||||||
Income (loss) per common share - diluted (note 15): | |||||||||||
Continuing operations (in dollars per share) | $ 1.80 | $ 0.69 | $ 0.16 | ||||||||
Discontinued operations (in dollars per share) | $ 0.00 | $ 0.71 | $ (0.24) | ||||||||
Net income (loss) attributable to common stockholders (in dollars per share) | $ 1.80 | $ 1.40 | $ (0.08) | ||||||||
Earnings Per Common Unit - Diluted [Abstract] | |||||||||||
Income from continuing operations | 133,770 | 84,297 | 45,779 | ||||||||
Partnership Interest [Member]
|
|||||||||||
Numerator [Abstract] | |||||||||||
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Noncontrolling Interest | 0 | 121 | (43) | ||||||||
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | 0 | 65,164 | (21,685) | ||||||||
Income (Loss) from Continuing Operations Attributable to Parent | 187,709 | 84,916 | 47,029 | ||||||||
Less: preferred unit distributions | 21,062 | 21,062 | 31,902 | ||||||||
Net income attributable to noncontrolling interests | 1,138 | 1,205 | 865 | ||||||||
Net income (loss) attributable to common stockholders | 166,194 | 128,570 | (7,130) | ||||||||
Net (loss) income attributable to common unit holders | 166,647 | 129,018 | (6,558) | ||||||||
Less: dividends paid on unvested restricted stock | 453 | 448 | 572 | ||||||||
Add: dividends paid on Treasury Method restricted stock | 63 | 45 | 71 | ||||||||
Net (loss) income for common stockholders - diluted | 166,257 | 128,615 | (7,059) | ||||||||
Denominator [Abstract] | |||||||||||
Weighted average common shares/units outstanding for basic EPS/EPU | 92,528,000 | 91,555,000 | 89,808,000 | ||||||||
Incremental Common Shares Attributable to Dilutive Effect of Call Options and Warrants | 0 | 2,000 | 0 | ||||||||
Incremental shares to be issued under unvested restricted stock | 34,000 | 24,000 | 39,000 | ||||||||
Weighted average common shares/units outstanding for diluted EPS/EPU | 92,562,000 | 91,581,000 | 89,847,000 | ||||||||
Earnings Per Common Unit, Basic [Abstract] | |||||||||||
Continuing operations (in dollars per share) | $ 1.80 | $ 0.69 | $ 0.16 | ||||||||
Discontinued operations (in dollars per share) | $ 0.00 | $ 0.71 | $ (0.24) | ||||||||
Net income attributable to common unit holders (in dollars per share) | $ 1.80 | $ 1.40 | $ (0.08) | ||||||||
Earnings Per Common Unit - Diluted [Abstract] | |||||||||||
Continuing operations (in dollars per share) | $ 1.80 | $ 0.69 | $ 0.16 | ||||||||
Discontinued operations (in dollars per share) | $ 0.00 | $ 0.71 | $ (0.24) | ||||||||
Net Income (Loss), Net of Tax, Per Outstanding Limited Partnership Unit, Diluted | $ 1.80 | $ 1.40 | $ (0.08) | ||||||||
Income from continuing operations | 133,770 | 84,297 | 45,779 | ||||||||
Continuing operations | Parent Company [Member]
|
|||||||||||
Numerator [Abstract] | |||||||||||
Net income (loss) attributable to common stockholders | 165,875 | 63,130 | 14,449 | ||||||||
Net (loss) income for common stockholders - diluted | 165,938 | 63,175 | 14,520 | ||||||||
Continuing operations | Partnership Interest [Member]
|
|||||||||||
Numerator [Abstract] | |||||||||||
Income (Loss) from Continuing Operations Attributable to Noncontrolling Interest | 1,138 | 1,084 | 908 | ||||||||
Net income (loss) attributable to common stockholders | 166,194 | 63,406 | 14,555 | ||||||||
Net (loss) income for common stockholders - diluted | $ 166,257 | $ 63,451 | $ 14,626 |
X | ||||||||||
- Definition
End date of current fiscal year in the format --MM-DD. No definition available.
|
X | ||||||||||
- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Distributions Paid To Preferred Unit Holders. No definition available.
|
X | ||||||||||
- Definition
Dividends Paid on Treasury Method Restricted Stock No definition available.
|
X | ||||||||||
- Definition
Dividends Paid on Unvested Restricted Stock No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Incremental Shares to be Issued under Unvested Restricted Stock No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of income (loss) from continuing operations attributable to the parent. Also defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of income (loss) from continuing operations attributable to the noncontrolling interest. Also defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Per unit of ownership amount after tax of income (loss) from continuing operations available to limited partnership (LP) unit-holder and units that would have been outstanding assuming the issuance of limited partner units for dilutive potential units outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Per unit of ownership amount after tax of income (loss) from continuing operations available to limited partnership (LP) unit-holder in a publicly trade limited partnership (LP) or master limited partnership (MLP). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element represents the overall income (loss) from a disposal group that is classified as a component of the entity, net of income tax, reported as a separate component of income before extraordinary items, which is apportioned to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This item includes the following (net of tax): income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of income (loss) from a disposal group, net of income tax, reported as a separate component of income before extraordinary items after deduction or consideration of the amount allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Per diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Per unit of ownership amount after tax of gain (loss) on disposal of discontinued operations available to limited partnership (LP) unit-holder. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Per unit of ownership amount after tax of gain (loss) on disposal of discontinued operations available to limited partnership (LP) unit-holder and units that would have been outstanding assuming the issuance of limited partner units for all dilutive potential units outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of call options and warrants using the treasury stock method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate amount of net income allocated to general partners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net Income or Loss Available to Common Stockholders plus adjustments resulting from the assumption that dilutive convertible securities were converted, options or warrants were exercised, or that other shares were issued upon the satisfaction of certain conditions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Per unit of ownership amount after tax of income (loss) available to limited partnership (LP) unit-holder and units that would have been outstanding assuming the issuance of limited partner units for dilutive potential units outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Per unit of ownership amount after tax of income (loss) available to outstanding limited partnership (LP) unit-holder. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders. No definition available.
|
X | ||||||||||
- Definition
Weighted average number of limited partnership units outstanding determined by relating the portion of time within a reporting period that limited partnership units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Earnings per Share and Unit EPS and Unit Phantom (Details)
|
Dec. 31, 2014
|
Dec. 31, 2013
|
---|---|---|
Earnings Per Share [Abstract] | ||
Limited Partners' Capital Account, Units Outstanding | 154,170 | 165,796 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The number of limited partner units outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Operating Leases - Lessor (Details) (USD $)
|
12 Months Ended |
---|---|
Dec. 31, 2014
employees
|
|
Operating Leased Assets [Line Items] | |
Current Fiscal Year End Date | --12-31 |
Operating Leases, Future Minimum Payments Receivable [Abstract] | |
2015 | $ 384,955 |
2016 | 354,968 |
2017 | 310,255 |
2018 | 262,123 |
2019 | 217,686 |
Thereafter | 1,077,629 |
Total | $ 2,607,616 |
Customer Concentration Risk - Number | 0 |
Concentration Risk, Percentage | 5.00% |
Under 5,000 sqft [Member]
|
|
Operating Leased Assets [Line Items] | |
Operating leases, tenant space terms | 5,000 |
Minimum [Member]
|
|
Operating Leased Assets [Line Items] | |
Operating leases, lease year range | 3 years |
Operating leases, lease year range for tenant space greater than 10,000 sq ft | 5 years |
Maximum [Member]
|
|
Operating Leased Assets [Line Items] | |
Operating leases, lease year range | 5 years |
Operating Leases, Future Minimum Payments Receivable [Abstract] | |
Concentration Risk, Percentage | 5.00% |
Leases greater then 10,000sqft [Member]
|
|
Operating Leased Assets [Line Items] | |
Operating leases, tenant space terms | 10,000 |
X | ||||||||||
- Definition
End date of current fiscal year in the format --MM-DD. No definition available.
|
X | ||||||||||
- Definition
Customer Concentration Risk - Number - Number of customers that individually represent a significant amount of the Company's revenue. No definition available.
|
X | ||||||||||
- Definition
Operating leases, lease year range for tenant space greater than 10,000 sq ft No definition available.
|
X | ||||||||||
- Definition
Operating leases, lease year range for tenant space under 5,000 sq ft No definition available.
|
X | ||||||||||
- Definition
Operating leases, tenant space terms No definition available.
|
X | ||||||||||
- Definition
For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Future minimum rental payments in aggregate as of the balance sheet date under operating leases. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Future rental payments receivable within one year of the balance sheet date under an operating lease. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Future rental payments receivable within the fifth year from the balance sheet date under an operating lease. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Future rental payments receivable within the fourth year from the balance sheet date under an operating lease. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Future rental payments receivable within the third year from the balance sheet date under an operating lease. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Future rental payments receivable within the second year from the balance sheet date under an operating lease. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Future minimum lease payments receivable under operating leases for periods greater than five years following the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Operating Leases - Lessee (Details) (USD $)
|
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2014
|
Dec. 31, 2013
|
Dec. 31, 2012
|
|
Leases [Abstract] | |||
Deferred Compensation Liability, Current and Noncurrent | $ 27,600,000 | $ 26,100,000 | |
Operating leases expenses | 8,900,000 | 8,500,000 | 9,100,000 |
Operating Leases, Future Minimum Payments Due [Abstract] | |||
2015 | 8,234 | ||
2016 | 7,793 | ||
2017 | 6,074 | ||
2018 | 5,006 | ||
2019 | 4,754 | ||
Thereafter | 194,992 | ||
Total | $ 226,853 |
X | ||||||||||
- Definition
Aggregate carrying value as of the balance sheet date of the liabilities for all deferred compensation arrangements. Represents currently earned compensation under compensation arrangements that is not actually paid until a later date. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of required minimum rental payments for leases having an initial or remaining non-cancelable letter-terms in excess of one year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the fourth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due after the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Rental expense for the reporting period incurred under operating leases, including minimum and any contingent rent expense, net of related sublease income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Commitments and Contingencies (Details) (USD $)
|
Dec. 31, 2014
|
Dec. 31, 2013
|
---|---|---|
Line of Credit Facility [Line Items] | ||
Letters of Credit Outstanding, Amount | $ 5,900,000 | $ 19,300,000 |
Letter of Credit [Member]
|
||
Line of Credit Facility [Line Items] | ||
Line of Credit Facility, Maximum Borrowing Capacity | $ 80,000,000 |
X | ||||||||||
- Definition
The total amount of the contingent obligation under letters of credit outstanding as of the reporting date. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Summary of Quarterly Financial Data (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | |||||||
---|---|---|---|---|---|---|---|---|
Dec. 31, 2014
|
Sep. 30, 2014
|
Jun. 30, 2014
|
Mar. 31, 2014
|
Dec. 31, 2013
|
Sep. 30, 2013
|
Jun. 30, 2013
|
Mar. 31, 2013
|
|
Revenues included in Discontinued Operations | $ 133,280 | $ 126,005 | $ 120,317 | $ 122,307 | $ 120,378 | |||
Net income (loss) attributable to common stockholders | 73,515 | 47,942 | 25,482 | 19,389 | 46,326 | 34,998 | 31,864 | 15,554 |
Noncontrolling Interest in Net Income (Loss) Operating Partnerships, Nonredeemable | 134 | 90 | 53 | 42 | 94 | 73 | 70 | 39 |
Net Income (Loss) Attributable to Common Unit Holders | 73,649 | 48,032 | 25,535 | 19,431 | 46,420 | 35,071 | 31,934 | 15,593 |
Earnings Per Share, Basic | $ 0.79 | $ 0.52 | $ 0.28 | $ 0.21 | $ 0.50 | $ 0.38 | $ 0.35 | $ 0.17 |
Earnings Per Share, Diluted | $ 0.79 | $ 0.52 | $ 0.28 | $ 0.21 | $ 0.50 | $ 0.38 | $ 0.35 | $ 0.17 |
Scenario, Previously Reported [Member]
|
||||||||
Revenues included in Discontinued Operations | 136,167 | 133,559 | 134,892 | 126,005 | 122,110 | 125,842 | 126,088 | |
Restatement Adjustment [Member]
|
||||||||
Revenues included in Discontinued Operations | $ 0 | $ (1,793) | $ (3,535) | $ (5,710) |
X | ||||||||||
- Definition
Net Income (Loss) Attributable to Common Unit Holders No definition available.
|
X | ||||||||||
- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after tax of income (loss) attributable to nonredeemable noncontrolling partner in an operating partnership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Available-for-Sale Securities (Details) (USD $)
In Millions, unless otherwise specified |
12 Months Ended |
---|---|
Dec. 31, 2014
|
|
Schedule of Available-for-sale Securities [Line Items] | |
Current Fiscal Year End Date | --12-31 |
available-for-sale securities, cost basis | $ 14.3 |
Proceeds from Sale of Available-for-sale Securities | 22.1 |
Partnership Interest [Member]
|
|
Schedule of Available-for-sale Securities [Line Items] | |
Available-for-sale securities, pursuit costs | $ 1.8 |
X | ||||||||||
- Definition
End date of current fiscal year in the format --MM-DD. No definition available.
|
X | ||||||||||
- Definition
available-for-sale securities, cost basis No definition available.
|
X | ||||||||||
- Definition
Available-for-sale securities, pursuit costs No definition available.
|
X | ||||||||||
- Definition
The total amount of proceeds received for the sale of securities, categorized neither as held-to-maturity nor trading securities, during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Schedule III - Consolidated Real Estate and Accumulated Depreciation (Details) (USD $)
|
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2014
|
Dec. 31, 2013
|
Dec. 31, 2012
|
|
Real Estate and Accumulated Depreciation [Line Items] | |||
Current Fiscal Year End Date | --12-31 | ||
Document Fiscal Year Focus | 2014 | ||
Initial Cost | |||
Land | $ 1,370,286,000 | ||
Building & Improvements | 2,572,774,000 | ||
Costs Capitalized Subsequent to Acquisition | 463,537,000 | ||
Total Cost | |||
Land | 1,404,454,000 | ||
Building & Improvements | 3,005,432,000 | ||
Total | 4,409,886,000 | 4,026,531,000 | 3,909,912,000 |
Accumulated Depreciation | 933,708,000 | 844,873,000 | 782,749,000 |
Total Cost, Net of Accumulated Depreciation | 3,476,178,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 541,605,000 | ||
Aggregate cost for Federal income tax purposes | 4,600,000,000 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 4,409,886,000 | 4,026,531,000 | 3,909,912,000 |
Acquired properties | 274,091,000 | 143,992,000 | 220,340,000 |
Developments and improvements | 191,250,000 | 180,374,000 | 141,807,000 |
Sale of properties | (81,811,000) | (200,393,000) | (491,438,000) |
SEC Schedule III, Real Estate, Write-down or Reserve, Amount | 175,000 | 7,354,000 | 62,709,000 |
Ending balance | 4,026,531,000 | 3,909,912,000 | 4,101,912,000 |
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Beginning balance | 844,873,000 | 782,749,000 | 791,619,000 |
Depreciation expense | 108,692,000 | 99,883,000 | 104,087,000 |
Sale of properties | (19,857,000) | (36,405,000) | (104,748,000) |
Provision for impairment | 0 | (1,354,000) | (8,209,000) |
Ending balance | 933,708,000 | 844,873,000 | 782,749,000 |
4S Commons Town Center [Member]
|
|||
Initial Cost | |||
Land | 30,760,000 | ||
Building & Improvements | 35,830,000 | ||
Costs Capitalized Subsequent to Acquisition | 560,000 | ||
Total Cost | |||
Land | 30,812,000 | ||
Building & Improvements | 36,338,000 | ||
Total | 67,150,000 | ||
Accumulated Depreciation | 16,340,000 | ||
Total Cost, Net of Accumulated Depreciation | 50,810,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 62,500,000 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 67,150,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 16,340,000 | ||
Airport Crossing [Member]
|
|||
Initial Cost | |||
Land | 1,748,000 | ||
Building & Improvements | 1,690,000 | ||
Costs Capitalized Subsequent to Acquisition | 88,000 | ||
Total Cost | |||
Land | 1,744,000 | ||
Building & Improvements | 1,782,000 | ||
Total | 3,526,000 | ||
Accumulated Depreciation | 746,000 | ||
Total Cost, Net of Accumulated Depreciation | 2,780,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 3,526,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 746,000 | ||
Amerige Heights Town Center [Member]
|
|||
Initial Cost | |||
Land | 10,109,000 | ||
Building & Improvements | 11,288,000 | ||
Costs Capitalized Subsequent to Acquisition | 358,000 | ||
Total Cost | |||
Land | 10,109,000 | ||
Building & Improvements | 11,647,000 | ||
Total | 21,756,000 | ||
Accumulated Depreciation | 2,840,000 | ||
Total Cost, Net of Accumulated Depreciation | 18,916,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 16,580,000 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 21,756,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 2,840,000 | ||
Anastasia Plaza [Member]
|
|||
Initial Cost | |||
Land | 9,065,000 | ||
Building & Improvements | 0 | ||
Costs Capitalized Subsequent to Acquisition | 412,000 | ||
Total Cost | |||
Land | 3,338,000 | ||
Building & Improvements | 6,139,000 | ||
Total | 9,477,000 | ||
Accumulated Depreciation | 1,326,000 | ||
Total Cost, Net of Accumulated Depreciation | 8,151,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 9,477,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 1,326,000 | ||
Ashburn Farm Market Center [Member]
|
|||
Initial Cost | |||
Land | 9,835,000 | ||
Building & Improvements | 4,812,000 | ||
Costs Capitalized Subsequent to Acquisition | 130,000 | ||
Total Cost | |||
Land | 9,835,000 | ||
Building & Improvements | 4,942,000 | ||
Total | 14,777,000 | ||
Accumulated Depreciation | 3,521,000 | ||
Total Cost, Net of Accumulated Depreciation | 11,256,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 14,777,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 3,521,000 | ||
Ashford Perimeter [Member]
|
|||
Initial Cost | |||
Land | 2,584,000 | ||
Building & Improvements | 9,865,000 | ||
Costs Capitalized Subsequent to Acquisition | 631,000 | ||
Total Cost | |||
Land | 2,584,000 | ||
Building & Improvements | 10,496,000 | ||
Total | 13,080,000 | ||
Accumulated Depreciation | 6,020,000 | ||
Total Cost, Net of Accumulated Depreciation | 7,060,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 13,080,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 6,020,000 | ||
Aventura Shopping Center [Member]
|
|||
Initial Cost | |||
Land | 2,751,000 | ||
Building & Improvements | 10,459,000 | ||
Costs Capitalized Subsequent to Acquisition | 17,000 | ||
Total Cost | |||
Land | 2,751,000 | ||
Building & Improvements | 10,476,000 | ||
Total | 13,227,000 | ||
Accumulated Depreciation | 10,298,000 | ||
Total Cost, Net of Accumulated Depreciation | 2,929,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 13,227,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 10,298,000 | ||
Augusta Center [Member]
|
|||
Initial Cost | |||
Land | 5,142,000 | ||
Building & Improvements | 2,720,000 | ||
Costs Capitalized Subsequent to Acquisition | (5,635,000) | ||
Total Cost | |||
Land | 1,366,000 | ||
Building & Improvements | 861,000 | ||
Total | 2,227,000 | ||
Accumulated Depreciation | 334,000 | ||
Total Cost, Net of Accumulated Depreciation | 1,893,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 2,227,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 334,000 | ||
Balboa Mesa Shopping Center [Member]
|
|||
Initial Cost | |||
Land | 23,074,000 | ||
Building & Improvements | 33,838,000 | ||
Costs Capitalized Subsequent to Acquisition | 13,215,000 | ||
Total Cost | |||
Land | 27,715,000 | ||
Building & Improvements | 42,869,000 | ||
Total | 70,584,000 | ||
Accumulated Depreciation | 3,378,000 | ||
Total Cost, Net of Accumulated Depreciation | 67,206,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 70,584,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 3,378,000 | ||
Belleview Square [Member]
|
|||
Initial Cost | |||
Land | 8,132,000 | ||
Building & Improvements | 9,756,000 | ||
Costs Capitalized Subsequent to Acquisition | 2,324,000 | ||
Total Cost | |||
Land | 8,323,000 | ||
Building & Improvements | 11,889,000 | ||
Total | 20,212,000 | ||
Accumulated Depreciation | 5,506,000 | ||
Total Cost, Net of Accumulated Depreciation | 14,706,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 20,212,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 5,506,000 | ||
Berkshire Commons [Member]
|
|||
Initial Cost | |||
Land | 2,295,000 | ||
Building & Improvements | 9,551,000 | ||
Costs Capitalized Subsequent to Acquisition | 1,867,000 | ||
Total Cost | |||
Land | 2,965,000 | ||
Building & Improvements | 10,749,000 | ||
Total | 13,714,000 | ||
Accumulated Depreciation | 6,397,000 | ||
Total Cost, Net of Accumulated Depreciation | 7,317,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 7,500,000 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 13,714,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 6,397,000 | ||
Blackrock [Member] [Domain]
|
|||
Initial Cost | |||
Land | 22,251,000 | ||
Building & Improvements | 20,815,000 | ||
Costs Capitalized Subsequent to Acquisition | (103,000) | ||
Total Cost | |||
Land | 22,251,000 | ||
Building & Improvements | 20,711,000 | ||
Total | 42,962,000 | ||
Accumulated Depreciation | 882,000 | ||
Total Cost, Net of Accumulated Depreciation | 42,080,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 20,124,000 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 42,962,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 882,000 | ||
Bloomingdale Square [Member]
|
|||
Initial Cost | |||
Land | 3,940,000 | ||
Building & Improvements | 14,912,000 | ||
Costs Capitalized Subsequent to Acquisition | 2,053,000 | ||
Total Cost | |||
Land | 3,940,000 | ||
Building & Improvements | 16,965,000 | ||
Total | 20,905,000 | ||
Accumulated Depreciation | 7,377,000 | ||
Total Cost, Net of Accumulated Depreciation | 13,528,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 20,905,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 7,377,000 | ||
Boulevard Center [Member]
|
|||
Initial Cost | |||
Land | 3,659,000 | ||
Building & Improvements | 10,787,000 | ||
Costs Capitalized Subsequent to Acquisition | 1,125,000 | ||
Total Cost | |||
Land | 3,659,000 | ||
Building & Improvements | 11,912,000 | ||
Total | 15,571,000 | ||
Accumulated Depreciation | 5,475,000 | ||
Total Cost, Net of Accumulated Depreciation | 10,096,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 15,571,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 5,475,000 | ||
Boynton Lakes Plaza [Member]
|
|||
Initial Cost | |||
Land | 2,628,000 | ||
Building & Improvements | 11,236,000 | ||
Costs Capitalized Subsequent to Acquisition | 4,452,000 | ||
Total Cost | |||
Land | 3,606,000 | ||
Building & Improvements | 14,710,000 | ||
Total | 18,316,000 | ||
Accumulated Depreciation | 5,144,000 | ||
Total Cost, Net of Accumulated Depreciation | 13,172,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 18,316,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 5,144,000 | ||
Brentwood Plaza [Member]
|
|||
Initial Cost | |||
Land | 2,788,000 | ||
Building & Improvements | 3,473,000 | ||
Costs Capitalized Subsequent to Acquisition | 238,000 | ||
Total Cost | |||
Land | 2,788,000 | ||
Building & Improvements | 3,711,000 | ||
Total | 6,499,000 | ||
Accumulated Depreciation | 637,000 | ||
Total Cost, Net of Accumulated Depreciation | 5,862,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 6,499,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 637,000 | ||
Briarcliff La Vista [Member]
|
|||
Initial Cost | |||
Land | 694,000 | ||
Building & Improvements | 3,292,000 | ||
Costs Capitalized Subsequent to Acquisition | 297,000 | ||
Total Cost | |||
Land | 694,000 | ||
Building & Improvements | 3,589,000 | ||
Total | 4,283,000 | ||
Accumulated Depreciation | 2,305,000 | ||
Total Cost, Net of Accumulated Depreciation | 1,978,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 4,283,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 2,305,000 | ||
Briarcliff Village [Member]
|
|||
Initial Cost | |||
Land | 4,597,000 | ||
Building & Improvements | 24,836,000 | ||
Costs Capitalized Subsequent to Acquisition | 1,190,000 | ||
Total Cost | |||
Land | 4,597,000 | ||
Building & Improvements | 26,026,000 | ||
Total | 30,623,000 | ||
Accumulated Depreciation | 14,935,000 | ||
Total Cost, Net of Accumulated Depreciation | 15,688,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 30,623,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 14,935,000 | ||
Brickwalk [Member]
|
|||
Initial Cost | |||
Land | 25,299,000 | ||
Building & Improvements | 41,995,000 | ||
Costs Capitalized Subsequent to Acquisition | 237,000 | ||
Total Cost | |||
Land | 25,299,000 | ||
Building & Improvements | 42,232,000 | ||
Total | 67,531,000 | ||
Accumulated Depreciation | 1,240,000 | ||
Total Cost, Net of Accumulated Depreciation | 66,291,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 31,823,000 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 67,531,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 1,240,000 | ||
Bridgeton [Member]
|
|||
Initial Cost | |||
Land | 3,033,000 | ||
Building & Improvements | 8,137,000 | ||
Costs Capitalized Subsequent to Acquisition | 107,000 | ||
Total Cost | |||
Land | 3,067,000 | ||
Building & Improvements | 8,210,000 | ||
Total | 11,277,000 | ||
Accumulated Depreciation | 1,196,000 | ||
Total Cost, Net of Accumulated Depreciation | 10,081,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 11,277,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 1,196,000 | ||
Brighten Park [Member]
|
|||
Initial Cost | |||
Land | 3,983,000 | ||
Building & Improvements | 18,687,000 | ||
Costs Capitalized Subsequent to Acquisition | 1,275,000 | ||
Total Cost | |||
Land | 3,926,000 | ||
Building & Improvements | 20,019,000 | ||
Total | 23,945,000 | ||
Accumulated Depreciation | 10,368,000 | ||
Total Cost, Net of Accumulated Depreciation | 13,577,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 23,945,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 10,368,000 | ||
Buckhead Court [Member]
|
|||
Initial Cost | |||
Land | 1,417,000 | ||
Building & Improvements | 7,432,000 | ||
Costs Capitalized Subsequent to Acquisition | 500,000 | ||
Total Cost | |||
Land | 1,417,000 | ||
Building & Improvements | 7,932,000 | ||
Total | 9,349,000 | ||
Accumulated Depreciation | 4,960,000 | ||
Total Cost, Net of Accumulated Depreciation | 4,389,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 9,349,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 4,960,000 | ||
Buckley Square [Member]
|
|||
Initial Cost | |||
Land | 2,970,000 | ||
Building & Improvements | 5,978,000 | ||
Costs Capitalized Subsequent to Acquisition | 749,000 | ||
Total Cost | |||
Land | 2,970,000 | ||
Building & Improvements | 6,727,000 | ||
Total | 9,697,000 | ||
Accumulated Depreciation | 3,295,000 | ||
Total Cost, Net of Accumulated Depreciation | 6,402,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 9,697,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 3,295,000 | ||
Buckwalter Place Shopping Ctr [Member]
|
|||
Initial Cost | |||
Land | 6,563,000 | ||
Building & Improvements | 6,590,000 | ||
Costs Capitalized Subsequent to Acquisition | 264,000 | ||
Total Cost | |||
Land | 6,592,000 | ||
Building & Improvements | 6,825,000 | ||
Total | 13,417,000 | ||
Accumulated Depreciation | 2,620,000 | ||
Total Cost, Net of Accumulated Depreciation | 10,797,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 13,417,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 2,620,000 | ||
Caligo Crossing [Member]
|
|||
Initial Cost | |||
Land | 2,459,000 | ||
Building & Improvements | 4,897,000 | ||
Costs Capitalized Subsequent to Acquisition | 124,000 | ||
Total Cost | |||
Land | 2,546,000 | ||
Building & Improvements | 4,934,000 | ||
Total | 7,480,000 | ||
Accumulated Depreciation | 1,775,000 | ||
Total Cost, Net of Accumulated Depreciation | 5,705,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 7,480,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 1,775,000 | ||
Cambridge Square [Member]
|
|||
Initial Cost | |||
Land | 774,000 | ||
Building & Improvements | 4,347,000 | ||
Costs Capitalized Subsequent to Acquisition | 687,000 | ||
Total Cost | |||
Land | 774,000 | ||
Building & Improvements | 5,034,000 | ||
Total | 5,808,000 | ||
Accumulated Depreciation | 2,578,000 | ||
Total Cost, Net of Accumulated Depreciation | 3,230,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 5,808,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 2,578,000 | ||
Carmel commons [Member]
|
|||
Initial Cost | |||
Land | 2,466,000 | ||
Building & Improvements | 12,548,000 | ||
Costs Capitalized Subsequent to Acquisition | 4,412,000 | ||
Total Cost | |||
Land | 3,422,000 | ||
Building & Improvements | 16,004,000 | ||
Total | 19,426,000 | ||
Accumulated Depreciation | 6,896,000 | ||
Total Cost, Net of Accumulated Depreciation | 12,530,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 19,426,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 6,896,000 | ||
Carriage Gate [Member]
|
|||
Initial Cost | |||
Land | 833,000 | ||
Building & Improvements | 4,974,000 | ||
Costs Capitalized Subsequent to Acquisition | 2,424,000 | ||
Total Cost | |||
Land | 1,302,000 | ||
Building & Improvements | 6,928,000 | ||
Total | 8,230,000 | ||
Accumulated Depreciation | 4,297,000 | ||
Total Cost, Net of Accumulated Depreciation | 3,933,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 8,230,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 4,297,000 | ||
Centerplace of Greeley III [Member]
|
|||
Initial Cost | |||
Land | 6,661,000 | ||
Building & Improvements | 11,502,000 | ||
Costs Capitalized Subsequent to Acquisition | 1,423,000 | ||
Total Cost | |||
Land | 5,690,000 | ||
Building & Improvements | 13,896,000 | ||
Total | 19,586,000 | ||
Accumulated Depreciation | 3,550,000 | ||
Total Cost, Net of Accumulated Depreciation | 16,036,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 19,586,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 3,550,000 | ||
Chasewood Plaza [Member]
|
|||
Initial Cost | |||
Land | 4,612,000 | ||
Building & Improvements | 20,829,000 | ||
Costs Capitalized Subsequent to Acquisition | (400,000) | ||
Total Cost | |||
Land | 4,688,000 | ||
Building & Improvements | 20,353,000 | ||
Total | 25,041,000 | ||
Accumulated Depreciation | 12,296,000 | ||
Total Cost, Net of Accumulated Depreciation | 12,745,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 25,041,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 12,296,000 | ||
Cherry Grove [Member]
|
|||
Initial Cost | |||
Land | 3,533,000 | ||
Building & Improvements | 15,862,000 | ||
Costs Capitalized Subsequent to Acquisition | 1,949,000 | ||
Total Cost | |||
Land | 3,533,000 | ||
Building & Improvements | 17,810,000 | ||
Total | 21,343,000 | ||
Accumulated Depreciation | 7,625,000 | ||
Total Cost, Net of Accumulated Depreciation | 13,718,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 21,343,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 7,625,000 | ||
Clayton Valley Shopping Center [Member]
|
|||
Initial Cost | |||
Land | 24,189,000 | ||
Building & Improvements | 35,422,000 | ||
Costs Capitalized Subsequent to Acquisition | 2,187,000 | ||
Total Cost | |||
Land | 24,538,000 | ||
Building & Improvements | 37,260,000 | ||
Total | 61,798,000 | ||
Accumulated Depreciation | 16,662,000 | ||
Total Cost, Net of Accumulated Depreciation | 45,136,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 61,798,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 16,662,000 | ||
Clybourn Commons [Member]
|
|||
Initial Cost | |||
Land | 15,056,000 | ||
Building & Improvements | 5,594,000 | ||
Costs Capitalized Subsequent to Acquisition | 40,000 | ||
Total Cost | |||
Land | 15,056,000 | ||
Building & Improvements | 5,634,000 | ||
Total | 20,690,000 | ||
Accumulated Depreciation | 161,000 | ||
Total Cost, Net of Accumulated Depreciation | 20,529,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 20,690,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 161,000 | ||
Cochran's Crossing [Member]
|
|||
Initial Cost | |||
Land | 13,154,000 | ||
Building & Improvements | 12,315,000 | ||
Costs Capitalized Subsequent to Acquisition | 739,000 | ||
Total Cost | |||
Land | 13,154,000 | ||
Building & Improvements | 13,054,000 | ||
Total | 26,208,000 | ||
Accumulated Depreciation | 7,540,000 | ||
Total Cost, Net of Accumulated Depreciation | 18,668,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 26,208,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 7,540,000 | ||
Corkscrew Village [Member]
|
|||
Initial Cost | |||
Land | 8,407,000 | ||
Building & Improvements | 8,004,000 | ||
Costs Capitalized Subsequent to Acquisition | 118,000 | ||
Total Cost | |||
Land | 8,407,000 | ||
Building & Improvements | 8,122,000 | ||
Total | 16,529,000 | ||
Accumulated Depreciation | 2,401,000 | ||
Total Cost, Net of Accumulated Depreciation | 14,128,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 7,923,000 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 16,529,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 2,401,000 | ||
Cornerstone Square [Member]
|
|||
Initial Cost | |||
Land | 1,772,000 | ||
Building & Improvements | 6,944,000 | ||
Costs Capitalized Subsequent to Acquisition | 1,054,000 | ||
Total Cost | |||
Land | 1,772,000 | ||
Building & Improvements | 7,998,000 | ||
Total | 9,770,000 | ||
Accumulated Depreciation | 4,250,000 | ||
Total Cost, Net of Accumulated Depreciation | 5,520,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 9,770,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 4,250,000 | ||
Corvallis Market Center [Member]
|
|||
Initial Cost | |||
Land | 6,674,000 | ||
Building & Improvements | 12,244,000 | ||
Costs Capitalized Subsequent to Acquisition | 357,000 | ||
Total Cost | |||
Land | 6,696,000 | ||
Building & Improvements | 12,580,000 | ||
Total | 19,276,000 | ||
Accumulated Depreciation | 3,566,000 | ||
Total Cost, Net of Accumulated Depreciation | 15,710,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 19,276,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 3,566,000 | ||
Costa Verde Center [Member]
|
|||
Initial Cost | |||
Land | 12,740,000 | ||
Building & Improvements | 26,868,000 | ||
Costs Capitalized Subsequent to Acquisition | 1,236,000 | ||
Total Cost | |||
Land | 12,798,000 | ||
Building & Improvements | 28,046,000 | ||
Total | 40,844,000 | ||
Accumulated Depreciation | 13,044,000 | ||
Total Cost, Net of Accumulated Depreciation | 27,800,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 40,844,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 13,044,000 | ||
Courtyard Landcom [Member]
|
|||
Initial Cost | |||
Land | 5,867,000 | ||
Building & Improvements | 4,000 | ||
Costs Capitalized Subsequent to Acquisition | 3,000 | ||
Total Cost | |||
Land | 5,867,000 | ||
Building & Improvements | 7,000 | ||
Total | 5,874,000 | ||
Accumulated Depreciation | 1,000 | ||
Total Cost, Net of Accumulated Depreciation | 5,873,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 5,874,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 1,000 | ||
Culpeper Colonnade [Member]
|
|||
Initial Cost | |||
Land | 15,944,000 | ||
Building & Improvements | 10,601,000 | ||
Costs Capitalized Subsequent to Acquisition | 4,772,000 | ||
Total Cost | |||
Land | 16,258,000 | ||
Building & Improvements | 15,184,000 | ||
Total | 31,442,000 | ||
Accumulated Depreciation | 5,853,000 | ||
Total Cost, Net of Accumulated Depreciation | 25,589,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 31,442,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 5,853,000 | ||
Dardenne Crossing [Member]
|
|||
Initial Cost | |||
Land | 4,194,000 | ||
Building & Improvements | 4,005,000 | ||
Costs Capitalized Subsequent to Acquisition | 482,000 | ||
Total Cost | |||
Land | 4,583,000 | ||
Building & Improvements | 4,098,000 | ||
Total | 8,681,000 | ||
Accumulated Depreciation | 840,000 | ||
Total Cost, Net of Accumulated Depreciation | 7,841,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 8,681,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 840,000 | ||
Delk Spectrum [Member]
|
|||
Initial Cost | |||
Land | 2,985,000 | ||
Building & Improvements | 12,001,000 | ||
Costs Capitalized Subsequent to Acquisition | 1,327,000 | ||
Total Cost | |||
Land | 3,000,000 | ||
Building & Improvements | 13,313,000 | ||
Total | 16,313,000 | ||
Accumulated Depreciation | 5,867,000 | ||
Total Cost, Net of Accumulated Depreciation | 10,446,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 16,313,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 5,867,000 | ||
Diablo Plaza [Member]
|
|||
Initial Cost | |||
Land | 5,300,000 | ||
Building & Improvements | 8,181,000 | ||
Costs Capitalized Subsequent to Acquisition | 1,079,000 | ||
Total Cost | |||
Land | 5,300,000 | ||
Building & Improvements | 9,260,000 | ||
Total | 14,560,000 | ||
Accumulated Depreciation | 3,922,000 | ||
Total Cost, Net of Accumulated Depreciation | 10,638,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 14,560,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 3,922,000 | ||
Dunwoody Village [Member]
|
|||
Initial Cost | |||
Land | 3,342,000 | ||
Building & Improvements | 15,934,000 | ||
Costs Capitalized Subsequent to Acquisition | 3,232,000 | ||
Total Cost | |||
Land | 3,342,000 | ||
Building & Improvements | 19,166,000 | ||
Total | 22,508,000 | ||
Accumulated Depreciation | 10,600,000 | ||
Total Cost, Net of Accumulated Depreciation | 11,908,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 22,508,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 10,600,000 | ||
East Pointe [Member]
|
|||
Initial Cost | |||
Land | 1,730,000 | ||
Building & Improvements | 7,189,000 | ||
Costs Capitalized Subsequent to Acquisition | 1,726,000 | ||
Total Cost | |||
Land | 1,771,000 | ||
Building & Improvements | 8,874,000 | ||
Total | 10,645,000 | ||
Accumulated Depreciation | 3,917,000 | ||
Total Cost, Net of Accumulated Depreciation | 6,728,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 10,645,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 3,917,000 | ||
East Washington Place [Member]
|
|||
Initial Cost | |||
Land | 15,993,000 | ||
Building & Improvements | 40,151,000 | ||
Costs Capitalized Subsequent to Acquisition | 677,000 | ||
Total Cost | |||
Land | 15,509,000 | ||
Building & Improvements | 41,311,000 | ||
Total | 56,820,000 | ||
Accumulated Depreciation | 2,987,000 | ||
Total Cost, Net of Accumulated Depreciation | 53,833,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 56,820,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 2,987,000 | ||
El Camino Shopping Center [Member]
|
|||
Initial Cost | |||
Land | 7,600,000 | ||
Building & Improvements | 11,538,000 | ||
Costs Capitalized Subsequent to Acquisition | 1,258,000 | ||
Total Cost | |||
Land | 7,600,000 | ||
Building & Improvements | 12,796,000 | ||
Total | 20,396,000 | ||
Accumulated Depreciation | 4,983,000 | ||
Total Cost, Net of Accumulated Depreciation | 15,413,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 20,396,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 4,983,000 | ||
El Cerrito Plaza [Member]
|
|||
Initial Cost | |||
Land | 11,025,000 | ||
Building & Improvements | 27,371,000 | ||
Costs Capitalized Subsequent to Acquisition | 679,000 | ||
Total Cost | |||
Land | 11,025,000 | ||
Building & Improvements | 28,050,000 | ||
Total | 39,075,000 | ||
Accumulated Depreciation | 6,192,000 | ||
Total Cost, Net of Accumulated Depreciation | 32,883,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 38,694,000 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 39,075,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 6,192,000 | ||
El Norte Parkway Plaza [Member]
|
|||
Initial Cost | |||
Land | 2,834,000 | ||
Building & Improvements | 7,370,000 | ||
Costs Capitalized Subsequent to Acquisition | 3,243,000 | ||
Total Cost | |||
Land | 3,263,000 | ||
Building & Improvements | 10,185,000 | ||
Total | 13,448,000 | ||
Accumulated Depreciation | 3,693,000 | ||
Total Cost, Net of Accumulated Depreciation | 9,755,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 13,448,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 3,693,000 | ||
Encina Grande [Member]
|
|||
Initial Cost | |||
Land | 5,040,000 | ||
Building & Improvements | 11,572,000 | ||
Costs Capitalized Subsequent to Acquisition | (25,000) | ||
Total Cost | |||
Land | 5,040,000 | ||
Building & Improvements | 11,547,000 | ||
Total | 16,587,000 | ||
Accumulated Depreciation | 6,343,000 | ||
Total Cost, Net of Accumulated Depreciation | 10,244,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 16,587,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 6,343,000 | ||
Fairfax Shopping Center [Member]
|
|||
Initial Cost | |||
Land | 15,239,000 | ||
Building & Improvements | 11,367,000 | ||
Costs Capitalized Subsequent to Acquisition | (5,548,000) | ||
Total Cost | |||
Land | 13,175,000 | ||
Building & Improvements | 7,882,000 | ||
Total | 21,057,000 | ||
Accumulated Depreciation | 1,766,000 | ||
Total Cost, Net of Accumulated Depreciation | 19,291,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 21,057,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 1,766,000 | ||
Fairfield [Member]
|
|||
Initial Cost | |||
Land | 6,731,000 | ||
Building & Improvements | 29,420,000 | ||
Costs Capitalized Subsequent to Acquisition | 128,000 | ||
Total Cost | |||
Land | 6,731,000 | ||
Building & Improvements | 29,548,000 | ||
Total | 36,279,000 | ||
Accumulated Depreciation | 809,000 | ||
Total Cost, Net of Accumulated Depreciation | 35,470,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 20,250,000 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 36,279,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 809,000 | ||
Falcon [Member]
|
|||
Initial Cost | |||
Land | 1,340,000 | ||
Building & Improvements | 4,168,000 | ||
Costs Capitalized Subsequent to Acquisition | 157,000 | ||
Total Cost | |||
Land | 1,350,000 | ||
Building & Improvements | 4,315,000 | ||
Total | 5,665,000 | ||
Accumulated Depreciation | 1,401,000 | ||
Total Cost, Net of Accumulated Depreciation | 4,264,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 5,665,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 1,401,000 | ||
Fellsway Plaza [Member]
|
|||
Initial Cost | |||
Land | 30,712,000 | ||
Building & Improvements | 7,327,000 | ||
Costs Capitalized Subsequent to Acquisition | 2,347,000 | ||
Total Cost | |||
Land | 32,736,000 | ||
Building & Improvements | 7,650,000 | ||
Total | 40,386,000 | ||
Accumulated Depreciation | 861,000 | ||
Total Cost, Net of Accumulated Depreciation | 39,525,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 29,839,000 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 40,386,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 861,000 | ||
Fenton Marketplace [Member]
|
|||
Initial Cost | |||
Land | 2,298,000 | ||
Building & Improvements | 8,510,000 | ||
Costs Capitalized Subsequent to Acquisition | (8,326,000) | ||
Total Cost | |||
Land | 512,000 | ||
Building & Improvements | 1,971,000 | ||
Total | 2,483,000 | ||
Accumulated Depreciation | 281,000 | ||
Total Cost, Net of Accumulated Depreciation | 2,202,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 2,483,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 281,000 | ||
Fleming Island [Member]
|
|||
Initial Cost | |||
Land | 3,077,000 | ||
Building & Improvements | 11,587,000 | ||
Costs Capitalized Subsequent to Acquisition | 2,686,000 | ||
Total Cost | |||
Land | 3,111,000 | ||
Building & Improvements | 14,239,000 | ||
Total | 17,350,000 | ||
Accumulated Depreciation | 5,371,000 | ||
Total Cost, Net of Accumulated Depreciation | 11,979,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 17,350,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 5,371,000 | ||
French Valley Village Center [Member]
|
|||
Initial Cost | |||
Land | 11,924,000 | ||
Building & Improvements | 16,856,000 | ||
Costs Capitalized Subsequent to Acquisition | 33,000 | ||
Total Cost | |||
Land | 11,822,000 | ||
Building & Improvements | 16,992,000 | ||
Total | 28,814,000 | ||
Accumulated Depreciation | 8,210,000 | ||
Total Cost, Net of Accumulated Depreciation | 20,604,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 28,814,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 8,210,000 | ||
Friars Mission Center [Member]
|
|||
Initial Cost | |||
Land | 6,660,000 | ||
Building & Improvements | 28,021,000 | ||
Costs Capitalized Subsequent to Acquisition | 970,000 | ||
Total Cost | |||
Land | 6,660,000 | ||
Building & Improvements | 28,991,000 | ||
Total | 35,651,000 | ||
Accumulated Depreciation | 11,642,000 | ||
Total Cost, Net of Accumulated Depreciation | 24,009,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 141,000 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 35,651,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 11,642,000 | ||
Gardens Square [Member]
|
|||
Initial Cost | |||
Land | 2,136,000 | ||
Building & Improvements | 8,273,000 | ||
Costs Capitalized Subsequent to Acquisition | 399,000 | ||
Total Cost | |||
Land | 2,136,000 | ||
Building & Improvements | 8,672,000 | ||
Total | 10,808,000 | ||
Accumulated Depreciation | 3,973,000 | ||
Total Cost, Net of Accumulated Depreciation | 6,835,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 10,808,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 3,973,000 | ||
Gateway 101 [Member]
|
|||
Initial Cost | |||
Land | 24,971,000 | ||
Building & Improvements | 9,113,000 | ||
Costs Capitalized Subsequent to Acquisition | 24,000 | ||
Total Cost | |||
Land | 24,971,000 | ||
Building & Improvements | 9,137,000 | ||
Total | 34,108,000 | ||
Accumulated Depreciation | 2,684,000 | ||
Total Cost, Net of Accumulated Depreciation | 31,424,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 34,108,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 2,684,000 | ||
Gateway Shopping Center [Member]
|
|||
Initial Cost | |||
Land | 52,665,000 | ||
Building & Improvements | 7,134,000 | ||
Costs Capitalized Subsequent to Acquisition | 1,883,000 | ||
Total Cost | |||
Land | 52,671,000 | ||
Building & Improvements | 9,011,000 | ||
Total | 61,682,000 | ||
Accumulated Depreciation | 9,648,000 | ||
Total Cost, Net of Accumulated Depreciation | 52,034,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 61,682,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 9,648,000 | ||
Gelson's Westlake Market Plaza [Member]
|
|||
Initial Cost | |||
Land | 3,157,000 | ||
Building & Improvements | 11,153,000 | ||
Costs Capitalized Subsequent to Acquisition | 372,000 | ||
Total Cost | |||
Land | 3,157,000 | ||
Building & Improvements | 11,525,000 | ||
Total | 14,682,000 | ||
Accumulated Depreciation | 4,506,000 | ||
Total Cost, Net of Accumulated Depreciation | 10,176,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 14,682,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 4,506,000 | ||
Glen Gate [Member]
|
|||
Initial Cost | |||
Land | 13,241,000 | ||
Building & Improvements | 11,968,000 | ||
Costs Capitalized Subsequent to Acquisition | 2,717,000 | ||
Total Cost | |||
Land | 13,241,000 | ||
Building & Improvements | 14,685,000 | ||
Total | 27,926,000 | ||
Accumulated Depreciation | 71,000 | ||
Total Cost, Net of Accumulated Depreciation | 27,855,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 27,926,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 71,000 | ||
Glen Oak Plaza [Member]
|
|||
Initial Cost | |||
Land | 4,103,000 | ||
Building & Improvements | 12,951,000 | ||
Costs Capitalized Subsequent to Acquisition | 327,000 | ||
Total Cost | |||
Land | 4,103,000 | ||
Building & Improvements | 13,278,000 | ||
Total | 17,381,000 | ||
Accumulated Depreciation | 2,036,000 | ||
Total Cost, Net of Accumulated Depreciation | 15,345,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 17,381,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 2,036,000 | ||
Glenwood Village [Member]
|
|||
Initial Cost | |||
Land | 1,194,000 | ||
Building & Improvements | 5,381,000 | ||
Costs Capitalized Subsequent to Acquisition | 220,000 | ||
Total Cost | |||
Land | 1,194,000 | ||
Building & Improvements | 5,601,000 | ||
Total | 6,795,000 | ||
Accumulated Depreciation | 3,505,000 | ||
Total Cost, Net of Accumulated Depreciation | 3,290,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 6,795,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 3,505,000 | ||
Golden Hills Plaza [Member]
|
|||
Initial Cost | |||
Land | 12,699,000 | ||
Building & Improvements | 18,482,000 | ||
Costs Capitalized Subsequent to Acquisition | 3,375,000 | ||
Total Cost | |||
Land | 12,693,000 | ||
Building & Improvements | 21,863,000 | ||
Total | 34,556,000 | ||
Accumulated Depreciation | 4,765,000 | ||
Total Cost, Net of Accumulated Depreciation | 29,791,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 34,556,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 4,765,000 | ||
Grand Ridge Plaza [Member]
|
|||
Initial Cost | |||
Land | 24,208,000 | ||
Building & Improvements | 61,033,000 | ||
Costs Capitalized Subsequent to Acquisition | 2,643,000 | ||
Total Cost | |||
Land | 24,843,000 | ||
Building & Improvements | 63,041,000 | ||
Total | 87,884,000 | ||
Accumulated Depreciation | 4,525,000 | ||
Total Cost, Net of Accumulated Depreciation | 83,359,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 11,309,000 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 87,884,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 4,525,000 | ||
Hancock [Member]
|
|||
Initial Cost | |||
Land | 8,232,000 | ||
Building & Improvements | 28,260,000 | ||
Costs Capitalized Subsequent to Acquisition | 1,148,000 | ||
Total Cost | |||
Land | 8,232,000 | ||
Building & Improvements | 29,408,000 | ||
Total | 37,640,000 | ||
Accumulated Depreciation | 13,091,000 | ||
Total Cost, Net of Accumulated Depreciation | 24,549,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 37,640,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 13,091,000 | ||
Harpeth Village Fieldstone [Member]
|
|||
Initial Cost | |||
Land | 2,284,000 | ||
Building & Improvements | 9,443,000 | ||
Costs Capitalized Subsequent to Acquisition | 166,000 | ||
Total Cost | |||
Land | 2,284,000 | ||
Building & Improvements | 9,609,000 | ||
Total | 11,893,000 | ||
Accumulated Depreciation | 4,129,000 | ||
Total Cost, Net of Accumulated Depreciation | 7,764,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 11,893,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 4,129,000 | ||
Harris Crossing [Member]
|
|||
Initial Cost | |||
Land | 7,199,000 | ||
Building & Improvements | 3,677,000 | ||
Costs Capitalized Subsequent to Acquisition | 8,000 | ||
Total Cost | |||
Land | 7,162,000 | ||
Building & Improvements | 3,722,000 | ||
Total | 10,884,000 | ||
Accumulated Depreciation | 1,454,000 | ||
Total Cost, Net of Accumulated Depreciation | 9,430,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 10,884,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 1,454,000 | ||
Heritage Land [Member]
|
|||
Initial Cost | |||
Land | 12,390,000 | ||
Building & Improvements | 0 | ||
Costs Capitalized Subsequent to Acquisition | (453,000) | ||
Total Cost | |||
Land | 11,937,000 | ||
Building & Improvements | 0 | ||
Total | 11,937,000 | ||
Accumulated Depreciation | 0 | ||
Total Cost, Net of Accumulated Depreciation | 11,937,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 11,937,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 0 | ||
Heritage Plaza [Member]
|
|||
Initial Cost | |||
Land | 0 | ||
Building & Improvements | 26,097,000 | ||
Costs Capitalized Subsequent to Acquisition | 13,366,000 | ||
Total Cost | |||
Land | 278,000 | ||
Building & Improvements | 39,185,000 | ||
Total | 39,463,000 | ||
Accumulated Depreciation | 13,048,000 | ||
Total Cost, Net of Accumulated Depreciation | 26,415,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 39,463,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 13,048,000 | ||
Hershey [Member]
|
|||
Initial Cost | |||
Land | 7,000 | ||
Building & Improvements | 808,000 | ||
Costs Capitalized Subsequent to Acquisition | 6,000 | ||
Total Cost | |||
Land | 7,000 | ||
Building & Improvements | 815,000 | ||
Total | 822,000 | ||
Accumulated Depreciation | 293,000 | ||
Total Cost, Net of Accumulated Depreciation | 529,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 822,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 293,000 | ||
Hibernia Pavilion [Member]
|
|||
Initial Cost | |||
Land | 4,929,000 | ||
Building & Improvements | 5,065,000 | ||
Costs Capitalized Subsequent to Acquisition | (1,000) | ||
Total Cost | |||
Land | 4,929,000 | ||
Building & Improvements | 5,064,000 | ||
Total | 9,993,000 | ||
Accumulated Depreciation | 1,800,000 | ||
Total Cost, Net of Accumulated Depreciation | 8,193,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 9,993,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 1,800,000 | ||
Hibernia Plaza [Member]
|
|||
Initial Cost | |||
Land | 267,000 | ||
Building & Improvements | 230,000 | ||
Costs Capitalized Subsequent to Acquisition | (8,000) | ||
Total Cost | |||
Land | 267,000 | ||
Building & Improvements | 222,000 | ||
Total | 489,000 | ||
Accumulated Depreciation | 51,000 | ||
Total Cost, Net of Accumulated Depreciation | 438,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 489,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 51,000 | ||
Hickory Creek Plaza [Member]
|
|||
Initial Cost | |||
Land | 5,629,000 | ||
Building & Improvements | 4,564,000 | ||
Costs Capitalized Subsequent to Acquisition | 275,000 | ||
Total Cost | |||
Land | 5,629,000 | ||
Building & Improvements | 4,839,000 | ||
Total | 10,468,000 | ||
Accumulated Depreciation | 2,552,000 | ||
Total Cost, Net of Accumulated Depreciation | 7,916,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 10,468,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 2,552,000 | ||
Hillcrest Village [Member]
|
|||
Initial Cost | |||
Land | 1,600,000 | ||
Building & Improvements | 1,909,000 | ||
Costs Capitalized Subsequent to Acquisition | 51,000 | ||
Total Cost | |||
Land | 1,600,000 | ||
Building & Improvements | 1,960,000 | ||
Total | 3,560,000 | ||
Accumulated Depreciation | 795,000 | ||
Total Cost, Net of Accumulated Depreciation | 2,765,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 3,560,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 795,000 | ||
Hilltop Village [Member]
|
|||
Initial Cost | |||
Land | 2,995,000 | ||
Building & Improvements | 4,581,000 | ||
Costs Capitalized Subsequent to Acquisition | 907,000 | ||
Total Cost | |||
Land | 3,089,000 | ||
Building & Improvements | 5,394,000 | ||
Total | 8,483,000 | ||
Accumulated Depreciation | 619,000 | ||
Total Cost, Net of Accumulated Depreciation | 7,864,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 7,500,000 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 8,483,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 619,000 | ||
Hinsdale [Member]
|
|||
Initial Cost | |||
Land | 5,734,000 | ||
Building & Improvements | 16,709,000 | ||
Costs Capitalized Subsequent to Acquisition | 1,812,000 | ||
Total Cost | |||
Land | 5,734,000 | ||
Building & Improvements | 18,521,000 | ||
Total | 24,255,000 | ||
Accumulated Depreciation | 8,198,000 | ||
Total Cost, Net of Accumulated Depreciation | 16,057,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 24,255,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 8,198,000 | ||
Holly Park [Member]
|
|||
Initial Cost | |||
Land | 8,975,000 | ||
Building & Improvements | 23,799,000 | ||
Costs Capitalized Subsequent to Acquisition | (181,000) | ||
Total Cost | |||
Land | 8,828,000 | ||
Building & Improvements | 23,765,000 | ||
Total | 32,593,000 | ||
Accumulated Depreciation | 962,000 | ||
Total Cost, Net of Accumulated Depreciation | 31,631,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 32,593,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 962,000 | ||
Howell Mill Village [Member]
|
|||
Initial Cost | |||
Land | 5,157,000 | ||
Building & Improvements | 14,279,000 | ||
Costs Capitalized Subsequent to Acquisition | 1,983,000 | ||
Total Cost | |||
Land | 5,157,000 | ||
Building & Improvements | 16,261,000 | ||
Total | 21,418,000 | ||
Accumulated Depreciation | 3,358,000 | ||
Total Cost, Net of Accumulated Depreciation | 18,060,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 21,418,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 3,358,000 | ||
Hyde Park [Member]
|
|||
Initial Cost | |||
Land | 9,809,000 | ||
Building & Improvements | 39,905,000 | ||
Costs Capitalized Subsequent to Acquisition | 2,032,000 | ||
Total Cost | |||
Land | 9,809,000 | ||
Building & Improvements | 41,937,000 | ||
Total | 51,746,000 | ||
Accumulated Depreciation | 19,836,000 | ||
Total Cost, Net of Accumulated Depreciation | 31,910,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 51,746,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 19,836,000 | ||
Indian Springs [Member]
|
|||
Initial Cost | |||
Land | 24,974,000 | ||
Building & Improvements | 25,903,000 | ||
Costs Capitalized Subsequent to Acquisition | 0 | ||
Total Cost | |||
Land | 24,958,000 | ||
Building & Improvements | 25,919,000 | ||
Total | 50,877,000 | ||
Accumulated Depreciation | 81,000 | ||
Total Cost, Net of Accumulated Depreciation | 50,796,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 50,877,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 81,000 | ||
Indio Towne Center [Member]
|
|||
Initial Cost | |||
Land | 17,946,000 | ||
Building & Improvements | 31,985,000 | ||
Costs Capitalized Subsequent to Acquisition | 28,000 | ||
Total Cost | |||
Land | 17,317,000 | ||
Building & Improvements | 32,642,000 | ||
Total | 49,959,000 | ||
Accumulated Depreciation | 9,611,000 | ||
Total Cost, Net of Accumulated Depreciation | 40,348,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 49,959,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 9,611,000 | ||
Inglewood Plaza [Member]
|
|||
Initial Cost | |||
Land | 1,300,000 | ||
Building & Improvements | 2,159,000 | ||
Costs Capitalized Subsequent to Acquisition | 226,000 | ||
Total Cost | |||
Land | 1,300,000 | ||
Building & Improvements | 2,385,000 | ||
Total | 3,685,000 | ||
Accumulated Depreciation | 1,029,000 | ||
Total Cost, Net of Accumulated Depreciation | 2,656,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 3,685,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 1,029,000 | ||
Jefferson Square [Member]
|
|||
Initial Cost | |||
Land | 5,167,000 | ||
Building & Improvements | 6,445,000 | ||
Costs Capitalized Subsequent to Acquisition | (7,340,000) | ||
Total Cost | |||
Land | 1,775,000 | ||
Building & Improvements | 2,497,000 | ||
Total | 4,272,000 | ||
Accumulated Depreciation | 254,000 | ||
Total Cost, Net of Accumulated Depreciation | 4,018,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 4,272,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 254,000 | ||
Juanita Tate Marketplace [Member]
|
|||
Initial Cost | |||
Land | 3,886,000 | ||
Building & Improvements | 11,315,000 | ||
Costs Capitalized Subsequent to Acquisition | 3,263,000 | ||
Total Cost | |||
Land | 4,563,000 | ||
Building & Improvements | 13,903,000 | ||
Total | 18,466,000 | ||
Accumulated Depreciation | 425,000 | ||
Total Cost, Net of Accumulated Depreciation | 18,041,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 18,466,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 425,000 | ||
Keller Town Center [Member]
|
|||
Initial Cost | |||
Land | 2,294,000 | ||
Building & Improvements | 12,841,000 | ||
Costs Capitalized Subsequent to Acquisition | 298,000 | ||
Total Cost | |||
Land | 2,404,000 | ||
Building & Improvements | 13,030,000 | ||
Total | 15,434,000 | ||
Accumulated Depreciation | 5,255,000 | ||
Total Cost, Net of Accumulated Depreciation | 10,179,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 15,434,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 5,255,000 | ||
Kent Place [Member]
|
|||
Initial Cost | |||
Land | 4,855,000 | ||
Building & Improvements | 3,544,000 | ||
Costs Capitalized Subsequent to Acquisition | 793,000 | ||
Total Cost | |||
Land | 5,228,000 | ||
Building & Improvements | 3,964,000 | ||
Total | 9,192,000 | ||
Accumulated Depreciation | 299,000 | ||
Total Cost, Net of Accumulated Depreciation | 8,893,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 8,250,000 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 9,192,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 299,000 | ||
Kirkwood Commons [Member]
|
|||
Initial Cost | |||
Land | 6,772,000 | ||
Building & Improvements | 16,224,000 | ||
Costs Capitalized Subsequent to Acquisition | 478,000 | ||
Total Cost | |||
Land | 6,802,000 | ||
Building & Improvements | 16,672,000 | ||
Total | 23,474,000 | ||
Accumulated Depreciation | 2,211,000 | ||
Total Cost, Net of Accumulated Depreciation | 21,263,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 11,038,000 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 23,474,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 2,211,000 | ||
Kroger New Albany Center [Member]
|
|||
Initial Cost | |||
Land | 3,844,000 | ||
Building & Improvements | 6,599,000 | ||
Costs Capitalized Subsequent to Acquisition | 593,000 | ||
Total Cost | |||
Land | 3,844,000 | ||
Building & Improvements | 7,192,000 | ||
Total | 11,036,000 | ||
Accumulated Depreciation | 4,530,000 | ||
Total Cost, Net of Accumulated Depreciation | 6,506,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 11,036,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 4,530,000 | ||
Kulpsville [Member]
|
|||
Initial Cost | |||
Land | 5,518,000 | ||
Building & Improvements | 3,756,000 | ||
Costs Capitalized Subsequent to Acquisition | 152,000 | ||
Total Cost | |||
Land | 5,600,000 | ||
Building & Improvements | 3,826,000 | ||
Total | 9,426,000 | ||
Accumulated Depreciation | 1,246,000 | ||
Total Cost, Net of Accumulated Depreciation | 8,180,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 9,426,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 1,246,000 | ||
Lake Pine Plaza [Member]
|
|||
Initial Cost | |||
Land | 2,008,000 | ||
Building & Improvements | 7,632,000 | ||
Costs Capitalized Subsequent to Acquisition | 448,000 | ||
Total Cost | |||
Land | 2,029,000 | ||
Building & Improvements | 8,058,000 | ||
Total | 10,087,000 | ||
Accumulated Depreciation | 3,431,000 | ||
Total Cost, Net of Accumulated Depreciation | 6,656,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 10,087,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 3,431,000 | ||
Lebanon Center [Member]
|
|||
Initial Cost | |||
Land | 3,913,000 | ||
Building & Improvements | 7,874,000 | ||
Costs Capitalized Subsequent to Acquisition | 90,000 | ||
Total Cost | |||
Land | 3,913,000 | ||
Building & Improvements | 7,964,000 | ||
Total | 11,877,000 | ||
Accumulated Depreciation | 4,597,000 | ||
Total Cost, Net of Accumulated Depreciation | 7,280,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 11,877,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 4,597,000 | ||
Littleton Square [Member]
|
|||
Initial Cost | |||
Land | 2,030,000 | ||
Building & Improvements | 8,859,000 | ||
Costs Capitalized Subsequent to Acquisition | (4,950,000) | ||
Total Cost | |||
Land | 1,949,000 | ||
Building & Improvements | 3,990,000 | ||
Total | 5,939,000 | ||
Accumulated Depreciation | 1,299,000 | ||
Total Cost, Net of Accumulated Depreciation | 4,640,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 5,939,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 1,299,000 | ||
Lloyd King Center [Member]
|
|||
Initial Cost | |||
Land | 1,779,000 | ||
Building & Improvements | 10,060,000 | ||
Costs Capitalized Subsequent to Acquisition | 1,070,000 | ||
Total Cost | |||
Land | 1,779,000 | ||
Building & Improvements | 11,130,000 | ||
Total | 12,909,000 | ||
Accumulated Depreciation | 4,747,000 | ||
Total Cost, Net of Accumulated Depreciation | 8,162,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 12,909,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 4,747,000 | ||
Loehmanns Plaza California [Member]
|
|||
Initial Cost | |||
Land | 5,420,000 | ||
Building & Improvements | 9,450,000 | ||
Costs Capitalized Subsequent to Acquisition | 696,000 | ||
Total Cost | |||
Land | 5,420,000 | ||
Building & Improvements | 10,146,000 | ||
Total | 15,566,000 | ||
Accumulated Depreciation | 4,462,000 | ||
Total Cost, Net of Accumulated Depreciation | 11,104,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 15,566,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 4,462,000 | ||
Lower Nazareth Commons [Member]
|
|||
Initial Cost | |||
Land | 15,992,000 | ||
Building & Improvements | 12,964,000 | ||
Costs Capitalized Subsequent to Acquisition | 3,248,000 | ||
Total Cost | |||
Land | 16,343,000 | ||
Building & Improvements | 15,861,000 | ||
Total | 32,204,000 | ||
Accumulated Depreciation | 5,257,000 | ||
Total Cost, Net of Accumulated Depreciation | 26,947,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 32,204,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 5,257,000 | ||
Market at Colonnade Center [Member]
|
|||
Initial Cost | |||
Land | 6,455,000 | ||
Building & Improvements | 9,839,000 | ||
Costs Capitalized Subsequent to Acquisition | (18,000) | ||
Total Cost | |||
Land | 6,160,000 | ||
Building & Improvements | 10,115,000 | ||
Total | 16,275,000 | ||
Accumulated Depreciation | 1,812,000 | ||
Total Cost, Net of Accumulated Depreciation | 14,463,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 16,275,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 1,812,000 | ||
Market at Preston Forest [Member]
|
|||
Initial Cost | |||
Land | 4,400,000 | ||
Building & Improvements | 11,445,000 | ||
Costs Capitalized Subsequent to Acquisition | 995,000 | ||
Total Cost | |||
Land | 4,400,000 | ||
Building & Improvements | 12,440,000 | ||
Total | 16,840,000 | ||
Accumulated Depreciation | 5,241,000 | ||
Total Cost, Net of Accumulated Depreciation | 11,599,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 16,840,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 5,241,000 | ||
Market at Round Rock [Member]
|
|||
Initial Cost | |||
Land | 2,000,000 | ||
Building & Improvements | 9,676,000 | ||
Costs Capitalized Subsequent to Acquisition | 5,699,000 | ||
Total Cost | |||
Land | 2,000,000 | ||
Building & Improvements | 15,375,000 | ||
Total | 17,375,000 | ||
Accumulated Depreciation | 6,172,000 | ||
Total Cost, Net of Accumulated Depreciation | 11,203,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 17,375,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 6,172,000 | ||
Marketplace Shopping Center [Member]
|
|||
Initial Cost | |||
Land | 1,287,000 | ||
Building & Improvements | 5,509,000 | ||
Costs Capitalized Subsequent to Acquisition | 5,036,000 | ||
Total Cost | |||
Land | 1,330,000 | ||
Building & Improvements | 10,502,000 | ||
Total | 11,832,000 | ||
Accumulated Depreciation | 4,362,000 | ||
Total Cost, Net of Accumulated Depreciation | 7,470,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 11,832,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 4,362,000 | ||
Marketplace at Briargate [Member]
|
|||
Initial Cost | |||
Land | 1,706,000 | ||
Building & Improvements | 4,885,000 | ||
Costs Capitalized Subsequent to Acquisition | 48,000 | ||
Total Cost | |||
Land | 1,727,000 | ||
Building & Improvements | 4,912,000 | ||
Total | 6,639,000 | ||
Accumulated Depreciation | 1,884,000 | ||
Total Cost, Net of Accumulated Depreciation | 4,755,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 6,639,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 1,884,000 | ||
Millhopper Shopping Center [Member]
|
|||
Initial Cost | |||
Land | 1,073,000 | ||
Building & Improvements | 5,358,000 | ||
Costs Capitalized Subsequent to Acquisition | 4,890,000 | ||
Total Cost | |||
Land | 1,796,000 | ||
Building & Improvements | 9,524,000 | ||
Total | 11,320,000 | ||
Accumulated Depreciation | 5,742,000 | ||
Total Cost, Net of Accumulated Depreciation | 5,578,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 11,320,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 5,742,000 | ||
Mockingbird Common [Member]
|
|||
Initial Cost | |||
Land | 3,000,000 | ||
Building & Improvements | 10,728,000 | ||
Costs Capitalized Subsequent to Acquisition | 665,000 | ||
Total Cost | |||
Land | 3,000,000 | ||
Building & Improvements | 11,393,000 | ||
Total | 14,393,000 | ||
Accumulated Depreciation | 5,043,000 | ||
Total Cost, Net of Accumulated Depreciation | 9,350,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 10,300,000 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 14,393,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 5,043,000 | ||
Monument Jackson Creek [Member]
|
|||
Initial Cost | |||
Land | 2,999,000 | ||
Building & Improvements | 6,765,000 | ||
Costs Capitalized Subsequent to Acquisition | 660,000 | ||
Total Cost | |||
Land | 2,999,000 | ||
Building & Improvements | 7,425,000 | ||
Total | 10,424,000 | ||
Accumulated Depreciation | 4,634,000 | ||
Total Cost, Net of Accumulated Depreciation | 5,790,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 10,424,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 4,634,000 | ||
Morningside Plaza [Member]
|
|||
Initial Cost | |||
Land | 4,300,000 | ||
Building & Improvements | 13,951,000 | ||
Costs Capitalized Subsequent to Acquisition | 547,000 | ||
Total Cost | |||
Land | 4,300,000 | ||
Building & Improvements | 14,498,000 | ||
Total | 18,798,000 | ||
Accumulated Depreciation | 6,251,000 | ||
Total Cost, Net of Accumulated Depreciation | 12,547,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 18,798,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 6,251,000 | ||
Murrayhill Marketplace [Member]
|
|||
Initial Cost | |||
Land | 2,670,000 | ||
Building & Improvements | 18,401,000 | ||
Costs Capitalized Subsequent to Acquisition | 1,729,000 | ||
Total Cost | |||
Land | 2,670,000 | ||
Building & Improvements | 20,130,000 | ||
Total | 22,800,000 | ||
Accumulated Depreciation | 8,360,000 | ||
Total Cost, Net of Accumulated Depreciation | 14,440,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 22,800,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 8,360,000 | ||
Naples Walk [Member]
|
|||
Initial Cost | |||
Land | 18,173,000 | ||
Building & Improvements | 13,554,000 | ||
Costs Capitalized Subsequent to Acquisition | 387,000 | ||
Total Cost | |||
Land | 18,173,000 | ||
Building & Improvements | 13,941,000 | ||
Total | 32,114,000 | ||
Accumulated Depreciation | 3,914,000 | ||
Total Cost, Net of Accumulated Depreciation | 28,200,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 15,022,000 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 32,114,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 3,914,000 | ||
Newberry Square [Member]
|
|||
Initial Cost | |||
Land | 2,412,000 | ||
Building & Improvements | 10,150,000 | ||
Costs Capitalized Subsequent to Acquisition | 238,000 | ||
Total Cost | |||
Land | 2,412,000 | ||
Building & Improvements | 10,388,000 | ||
Total | 12,800,000 | ||
Accumulated Depreciation | 6,942,000 | ||
Total Cost, Net of Accumulated Depreciation | 5,858,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 12,800,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 6,942,000 | ||
Newland Center [Member]
|
|||
Initial Cost | |||
Land | 12,500,000 | ||
Building & Improvements | 10,697,000 | ||
Costs Capitalized Subsequent to Acquisition | 684,000 | ||
Total Cost | |||
Land | 12,500,000 | ||
Building & Improvements | 11,381,000 | ||
Total | 23,881,000 | ||
Accumulated Depreciation | 5,387,000 | ||
Total Cost, Net of Accumulated Depreciation | 18,494,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 23,881,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 5,387,000 | ||
Nocatee Town Center [Member]
|
|||
Initial Cost | |||
Land | 10,124,000 | ||
Building & Improvements | 8,691,000 | ||
Costs Capitalized Subsequent to Acquisition | (1,505,000) | ||
Total Cost | |||
Land | 8,386,000 | ||
Building & Improvements | 8,924,000 | ||
Total | 17,310,000 | ||
Accumulated Depreciation | 2,256,000 | ||
Total Cost, Net of Accumulated Depreciation | 15,054,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 17,310,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 2,256,000 | ||
North Hills [Member]
|
|||
Initial Cost | |||
Land | 4,900,000 | ||
Building & Improvements | 19,774,000 | ||
Costs Capitalized Subsequent to Acquisition | 1,056,000 | ||
Total Cost | |||
Land | 4,900,000 | ||
Building & Improvements | 20,830,000 | ||
Total | 25,730,000 | ||
Accumulated Depreciation | 8,765,000 | ||
Total Cost, Net of Accumulated Depreciation | 16,965,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 25,730,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 8,765,000 | ||
Northgate Marketplace [Member]
|
|||
Initial Cost | |||
Land | 5,668,000 | ||
Building & Improvements | 13,727,000 | ||
Costs Capitalized Subsequent to Acquisition | 1,104,000 | ||
Total Cost | |||
Land | 6,232,000 | ||
Building & Improvements | 14,267,000 | ||
Total | 20,499,000 | ||
Accumulated Depreciation | 1,861,000 | ||
Total Cost, Net of Accumulated Depreciation | 18,638,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 20,499,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 1,861,000 | ||
Northgate Plaza (Maxtown Road) [Member]
|
|||
Initial Cost | |||
Land | 1,769,000 | ||
Building & Improvements | 6,652,000 | ||
Costs Capitalized Subsequent to Acquisition | 196,000 | ||
Total Cost | |||
Land | 1,769,000 | ||
Building & Improvements | 6,849,000 | ||
Total | 8,618,000 | ||
Accumulated Depreciation | 3,218,000 | ||
Total Cost, Net of Accumulated Depreciation | 5,400,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 8,618,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 3,218,000 | ||
Northgate Square [Member]
|
|||
Initial Cost | |||
Land | 5,011,000 | ||
Building & Improvements | 8,692,000 | ||
Costs Capitalized Subsequent to Acquisition | 389,000 | ||
Total Cost | |||
Land | 5,011,000 | ||
Building & Improvements | 9,081,000 | ||
Total | 14,092,000 | ||
Accumulated Depreciation | 2,538,000 | ||
Total Cost, Net of Accumulated Depreciation | 11,554,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 14,092,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 2,538,000 | ||
Northlake Village [Member]
|
|||
Initial Cost | |||
Land | 2,662,000 | ||
Building & Improvements | 11,284,000 | ||
Costs Capitalized Subsequent to Acquisition | 1,202,000 | ||
Total Cost | |||
Land | 2,686,000 | ||
Building & Improvements | 12,462,000 | ||
Total | 15,148,000 | ||
Accumulated Depreciation | 4,932,000 | ||
Total Cost, Net of Accumulated Depreciation | 10,216,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 15,148,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 4,932,000 | ||
Oak Shade Town Center [Member]
|
|||
Initial Cost | |||
Land | 6,591,000 | ||
Building & Improvements | 28,966,000 | ||
Costs Capitalized Subsequent to Acquisition | 391,000 | ||
Total Cost | |||
Land | 6,591,000 | ||
Building & Improvements | 29,357,000 | ||
Total | 35,948,000 | ||
Accumulated Depreciation | 3,573,000 | ||
Total Cost, Net of Accumulated Depreciation | 32,375,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 9,692,000 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 35,948,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 3,573,000 | ||
Oakbrook Plaza [Member]
|
|||
Initial Cost | |||
Land | 4,000,000 | ||
Building & Improvements | 6,668,000 | ||
Costs Capitalized Subsequent to Acquisition | 306,000 | ||
Total Cost | |||
Land | 4,000,000 | ||
Building & Improvements | 6,974,000 | ||
Total | 10,974,000 | ||
Accumulated Depreciation | 3,023,000 | ||
Total Cost, Net of Accumulated Depreciation | 7,951,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 10,974,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 3,023,000 | ||
Oakleaf Commons [Member]
|
|||
Initial Cost | |||
Land | 3,503,000 | ||
Building & Improvements | 11,671,000 | ||
Costs Capitalized Subsequent to Acquisition | 288,000 | ||
Total Cost | |||
Land | 3,510,000 | ||
Building & Improvements | 11,952,000 | ||
Total | 15,462,000 | ||
Accumulated Depreciation | 3,804,000 | ||
Total Cost, Net of Accumulated Depreciation | 11,658,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 15,462,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 3,804,000 | ||
Ocala Corners [Member]
|
|||
Initial Cost | |||
Land | 1,816,000 | ||
Building & Improvements | 10,515,000 | ||
Costs Capitalized Subsequent to Acquisition | 206,000 | ||
Total Cost | |||
Land | 1,816,000 | ||
Building & Improvements | 10,721,000 | ||
Total | 12,537,000 | ||
Accumulated Depreciation | 1,679,000 | ||
Total Cost, Net of Accumulated Depreciation | 10,858,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 5,025,000 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 12,537,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 1,679,000 | ||
Old St Augustine Plaza [Member]
|
|||
Initial Cost | |||
Land | 2,368,000 | ||
Building & Improvements | 11,405,000 | ||
Costs Capitalized Subsequent to Acquisition | 201,000 | ||
Total Cost | |||
Land | 2,368,000 | ||
Building & Improvements | 11,606,000 | ||
Total | 13,974,000 | ||
Accumulated Depreciation | 5,649,000 | ||
Total Cost, Net of Accumulated Depreciation | 8,325,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 13,974,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 5,649,000 | ||
Paces Ferry Plaza [Member]
|
|||
Initial Cost | |||
Land | 2,812,000 | ||
Building & Improvements | 12,639,000 | ||
Costs Capitalized Subsequent to Acquisition | 334,000 | ||
Total Cost | |||
Land | 2,812,000 | ||
Building & Improvements | 12,974,000 | ||
Total | 15,786,000 | ||
Accumulated Depreciation | 7,562,000 | ||
Total Cost, Net of Accumulated Depreciation | 8,224,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 15,786,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 7,562,000 | ||
Panther Creek [Member]
|
|||
Initial Cost | |||
Land | 14,414,000 | ||
Building & Improvements | 14,748,000 | ||
Costs Capitalized Subsequent to Acquisition | 2,872,000 | ||
Total Cost | |||
Land | 15,212,000 | ||
Building & Improvements | 16,822,000 | ||
Total | 32,034,000 | ||
Accumulated Depreciation | 9,370,000 | ||
Total Cost, Net of Accumulated Depreciation | 22,664,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 32,034,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 9,370,000 | ||
Peartree Village [Member]
|
|||
Initial Cost | |||
Land | 5,197,000 | ||
Building & Improvements | 19,746,000 | ||
Costs Capitalized Subsequent to Acquisition | 796,000 | ||
Total Cost | |||
Land | 5,197,000 | ||
Building & Improvements | 20,542,000 | ||
Total | 25,739,000 | ||
Accumulated Depreciation | 9,761,000 | ||
Total Cost, Net of Accumulated Depreciation | 15,978,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 7,465,000 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 25,739,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 9,761,000 | ||
Pike Creek [Member]
|
|||
Initial Cost | |||
Land | 5,153,000 | ||
Building & Improvements | 20,652,000 | ||
Costs Capitalized Subsequent to Acquisition | 1,583,000 | ||
Total Cost | |||
Land | 5,251,000 | ||
Building & Improvements | 22,137,000 | ||
Total | 27,388,000 | ||
Accumulated Depreciation | 9,772,000 | ||
Total Cost, Net of Accumulated Depreciation | 17,616,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 27,388,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 9,772,000 | ||
Pima Crossing [Member]
|
|||
Initial Cost | |||
Land | 5,800,000 | ||
Building & Improvements | 28,143,000 | ||
Costs Capitalized Subsequent to Acquisition | 1,197,000 | ||
Total Cost | |||
Land | 5,800,000 | ||
Building & Improvements | 29,340,000 | ||
Total | 35,140,000 | ||
Accumulated Depreciation | 12,957,000 | ||
Total Cost, Net of Accumulated Depreciation | 22,183,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 35,140,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 12,957,000 | ||
Pine Lake Village [Member]
|
|||
Initial Cost | |||
Land | 6,300,000 | ||
Building & Improvements | 10,991,000 | ||
Costs Capitalized Subsequent to Acquisition | 717,000 | ||
Total Cost | |||
Land | 6,300,000 | ||
Building & Improvements | 11,708,000 | ||
Total | 18,008,000 | ||
Accumulated Depreciation | 5,058,000 | ||
Total Cost, Net of Accumulated Depreciation | 12,950,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 18,008,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 5,058,000 | ||
Pine Tree Plaza [Member]
|
|||
Initial Cost | |||
Land | 668,000 | ||
Building & Improvements | 6,220,000 | ||
Costs Capitalized Subsequent to Acquisition | 364,000 | ||
Total Cost | |||
Land | 668,000 | ||
Building & Improvements | 6,584,000 | ||
Total | 7,252,000 | ||
Accumulated Depreciation | 2,849,000 | ||
Total Cost, Net of Accumulated Depreciation | 4,403,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 7,252,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 2,849,000 | ||
Plaza Hermosa [Member]
|
|||
Initial Cost | |||
Land | 4,200,000 | ||
Building & Improvements | 10,109,000 | ||
Costs Capitalized Subsequent to Acquisition | 2,434,000 | ||
Total Cost | |||
Land | 4,202,000 | ||
Building & Improvements | 12,541,000 | ||
Total | 16,743,000 | ||
Accumulated Depreciation | 4,331,000 | ||
Total Cost, Net of Accumulated Depreciation | 12,412,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 13,800,000 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 16,743,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 4,331,000 | ||
Powell Street Plaza [Member]
|
|||
Initial Cost | |||
Land | 8,248,000 | ||
Building & Improvements | 30,716,000 | ||
Costs Capitalized Subsequent to Acquisition | 1,821,000 | ||
Total Cost | |||
Land | 8,248,000 | ||
Building & Improvements | 32,537,000 | ||
Total | 40,785,000 | ||
Accumulated Depreciation | 11,408,000 | ||
Total Cost, Net of Accumulated Depreciation | 29,377,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 40,785,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 11,408,000 | ||
Powers Ferry Square [Member]
|
|||
Initial Cost | |||
Land | 3,687,000 | ||
Building & Improvements | 17,965,000 | ||
Costs Capitalized Subsequent to Acquisition | 6,118,000 | ||
Total Cost | |||
Land | 5,289,000 | ||
Building & Improvements | 22,481,000 | ||
Total | 27,770,000 | ||
Accumulated Depreciation | 11,597,000 | ||
Total Cost, Net of Accumulated Depreciation | 16,173,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 27,770,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 11,597,000 | ||
Powers Ferry Village [Member]
|
|||
Initial Cost | |||
Land | 1,191,000 | ||
Building & Improvements | 4,672,000 | ||
Costs Capitalized Subsequent to Acquisition | 438,000 | ||
Total Cost | |||
Land | 1,191,000 | ||
Building & Improvements | 5,110,000 | ||
Total | 6,301,000 | ||
Accumulated Depreciation | 2,971,000 | ||
Total Cost, Net of Accumulated Depreciation | 3,330,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 6,301,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 2,971,000 | ||
Prairie City Crossing [Member]
|
|||
Initial Cost | |||
Land | 4,164,000 | ||
Building & Improvements | 13,032,000 | ||
Costs Capitalized Subsequent to Acquisition | 393,000 | ||
Total Cost | |||
Land | 4,164,000 | ||
Building & Improvements | 13,425,000 | ||
Total | 17,589,000 | ||
Accumulated Depreciation | 4,782,000 | ||
Total Cost, Net of Accumulated Depreciation | 12,807,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 17,589,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 4,782,000 | ||
Prestonbrook [Member]
|
|||
Initial Cost | |||
Land | 7,069,000 | ||
Building & Improvements | 8,622,000 | ||
Costs Capitalized Subsequent to Acquisition | 232,000 | ||
Total Cost | |||
Land | 7,069,000 | ||
Building & Improvements | 8,854,000 | ||
Total | 15,923,000 | ||
Accumulated Depreciation | 5,712,000 | ||
Total Cost, Net of Accumulated Depreciation | 10,211,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 6,800,000 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 15,923,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 5,712,000 | ||
Preston Park [Member]
|
|||
Initial Cost | |||
Land | 763,000 | ||
Building & Improvements | 30,438,000 | ||
Costs Capitalized Subsequent to Acquisition | 129,000 | ||
Total Cost | |||
Land | 763,000 | ||
Building & Improvements | 30,567,000 | ||
Total | 31,330,000 | ||
Accumulated Depreciation | 1,504,000 | ||
Total Cost, Net of Accumulated Depreciation | 29,826,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 31,330,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 1,504,000 | ||
Red Bank [Member]
|
|||
Initial Cost | |||
Land | 10,336,000 | ||
Building & Improvements | 9,505,000 | ||
Costs Capitalized Subsequent to Acquisition | (115,000) | ||
Total Cost | |||
Land | 10,110,000 | ||
Building & Improvements | 9,616,000 | ||
Total | 19,726,000 | ||
Accumulated Depreciation | 1,635,000 | ||
Total Cost, Net of Accumulated Depreciation | 18,091,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 19,726,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 1,635,000 | ||
Regency Commons [Member]
|
|||
Initial Cost | |||
Land | 3,917,000 | ||
Building & Improvements | 3,616,000 | ||
Costs Capitalized Subsequent to Acquisition | 210,000 | ||
Total Cost | |||
Land | 3,917,000 | ||
Building & Improvements | 3,826,000 | ||
Total | 7,743,000 | ||
Accumulated Depreciation | 1,790,000 | ||
Total Cost, Net of Accumulated Depreciation | 5,953,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 7,743,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 1,790,000 | ||
Regency Solar (Saugus) [Member]
|
|||
Initial Cost | |||
Land | 0 | ||
Building & Improvements | 0 | ||
Costs Capitalized Subsequent to Acquisition | 758,000 | ||
Total Cost | |||
Land | 6,000 | ||
Building & Improvements | 752,000 | ||
Total | 758,000 | ||
Accumulated Depreciation | 59,000 | ||
Total Cost, Net of Accumulated Depreciation | 699,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 758,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 59,000 | ||
Regency Square [Member]
|
|||
Initial Cost | |||
Land | 4,770,000 | ||
Building & Improvements | 25,191,000 | ||
Costs Capitalized Subsequent to Acquisition | 4,391,000 | ||
Total Cost | |||
Land | 5,060,000 | ||
Building & Improvements | 29,292,000 | ||
Total | 34,352,000 | ||
Accumulated Depreciation | 19,735,000 | ||
Total Cost, Net of Accumulated Depreciation | 14,617,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 34,352,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 19,735,000 | ||
Rona Plaza [Member]
|
|||
Initial Cost | |||
Land | 1,500,000 | ||
Building & Improvements | 4,917,000 | ||
Costs Capitalized Subsequent to Acquisition | 217,000 | ||
Total Cost | |||
Land | 1,500,000 | ||
Building & Improvements | 5,134,000 | ||
Total | 6,634,000 | ||
Accumulated Depreciation | 2,476,000 | ||
Total Cost, Net of Accumulated Depreciation | 4,158,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 6,634,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 2,476,000 | ||
San Leandro Plaza [Member]
|
|||
Initial Cost | |||
Land | 1,300,000 | ||
Building & Improvements | 8,226,000 | ||
Costs Capitalized Subsequent to Acquisition | 472,000 | ||
Total Cost | |||
Land | 1,300,000 | ||
Building & Improvements | 8,698,000 | ||
Total | 9,998,000 | ||
Accumulated Depreciation | 3,519,000 | ||
Total Cost, Net of Accumulated Depreciation | 6,479,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 9,998,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 3,519,000 | ||
Sandy Springs [Member]
|
|||
Initial Cost | |||
Land | 6,889,000 | ||
Building & Improvements | 28,056,000 | ||
Costs Capitalized Subsequent to Acquisition | 1,195,000 | ||
Total Cost | |||
Land | 6,889,000 | ||
Building & Improvements | 29,251,000 | ||
Total | 36,140,000 | ||
Accumulated Depreciation | 2,176,000 | ||
Total Cost, Net of Accumulated Depreciation | 33,964,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 16,079,000 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 36,140,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 2,176,000 | ||
Saugus [Member]
|
|||
Initial Cost | |||
Land | 19,201,000 | ||
Building & Improvements | 17,984,000 | ||
Costs Capitalized Subsequent to Acquisition | (1,120,000) | ||
Total Cost | |||
Land | 18,805,000 | ||
Building & Improvements | 17,260,000 | ||
Total | 36,065,000 | ||
Accumulated Depreciation | 5,552,000 | ||
Total Cost, Net of Accumulated Depreciation | 30,513,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 36,065,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 5,552,000 | ||
Seminole Shoppes [Member]
|
|||
Initial Cost | |||
Land | 8,593,000 | ||
Building & Improvements | 7,523,000 | ||
Costs Capitalized Subsequent to Acquisition | 94,000 | ||
Total Cost | |||
Land | 8,629,000 | ||
Building & Improvements | 7,581,000 | ||
Total | 16,210,000 | ||
Accumulated Depreciation | 1,561,000 | ||
Total Cost, Net of Accumulated Depreciation | 14,649,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 9,958,000 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 16,210,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 1,561,000 | ||
Sequoia Station [Member]
|
|||
Initial Cost | |||
Land | 9,100,000 | ||
Building & Improvements | 18,356,000 | ||
Costs Capitalized Subsequent to Acquisition | 1,394,000 | ||
Total Cost | |||
Land | 9,100,000 | ||
Building & Improvements | 19,750,000 | ||
Total | 28,850,000 | ||
Accumulated Depreciation | 7,949,000 | ||
Total Cost, Net of Accumulated Depreciation | 20,901,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 21,100,000 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 28,850,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 7,949,000 | ||
Sherwood Market Center [Member]
|
|||
Initial Cost | |||
Land | 2,731,000 | ||
Building & Improvements | 6,360,000 | ||
Costs Capitalized Subsequent to Acquisition | 492,000 | ||
Total Cost | |||
Land | 2,731,000 | ||
Building & Improvements | 6,852,000 | ||
Total | 9,583,000 | ||
Accumulated Depreciation | 2,183,000 | ||
Total Cost, Net of Accumulated Depreciation | 7,400,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 9,583,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 2,183,000 | ||
Shoppes at Fairhope Village [Member]
|
|||
Initial Cost | |||
Land | 6,920,000 | ||
Building & Improvements | 11,198,000 | ||
Costs Capitalized Subsequent to Acquisition | 276,000 | ||
Total Cost | |||
Land | 6,920,000 | ||
Building & Improvements | 11,473,000 | ||
Total | 18,393,000 | ||
Accumulated Depreciation | 3,019,000 | ||
Total Cost, Net of Accumulated Depreciation | 15,374,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 18,393,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 3,019,000 | ||
Shoppes @ 104 [Member]
|
|||
Initial Cost | |||
Land | 11,193,000 | ||
Building & Improvements | 0 | ||
Costs Capitalized Subsequent to Acquisition | 574,000 | ||
Total Cost | |||
Land | 6,652,000 | ||
Building & Improvements | 5,115,000 | ||
Total | 11,767,000 | ||
Accumulated Depreciation | 1,256,000 | ||
Total Cost, Net of Accumulated Depreciation | 10,511,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 11,767,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 1,256,000 | ||
Shoppes of Grande Oak [Member]
|
|||
Initial Cost | |||
Land | 5,091,000 | ||
Building & Improvements | 5,985,000 | ||
Costs Capitalized Subsequent to Acquisition | 218,000 | ||
Total Cost | |||
Land | 5,091,000 | ||
Building & Improvements | 6,203,000 | ||
Total | 11,294,000 | ||
Accumulated Depreciation | 3,944,000 | ||
Total Cost, Net of Accumulated Depreciation | 7,350,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 11,294,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 3,944,000 | ||
Shops at Arizona [Member]
|
|||
Initial Cost | |||
Land | 3,063,000 | ||
Building & Improvements | 3,243,000 | ||
Costs Capitalized Subsequent to Acquisition | 153,000 | ||
Total Cost | |||
Land | 3,063,000 | ||
Building & Improvements | 3,396,000 | ||
Total | 6,459,000 | ||
Accumulated Depreciation | 1,794,000 | ||
Total Cost, Net of Accumulated Depreciation | 4,665,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 6,459,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 1,794,000 | ||
Shops at County Center [Member]
|
|||
Initial Cost | |||
Land | 9,957,000 | ||
Building & Improvements | 11,269,000 | ||
Costs Capitalized Subsequent to Acquisition | 740,000 | ||
Total Cost | |||
Land | 10,209,000 | ||
Building & Improvements | 11,757,000 | ||
Total | 21,966,000 | ||
Accumulated Depreciation | 5,455,000 | ||
Total Cost, Net of Accumulated Depreciation | 16,511,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 21,966,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 5,455,000 | ||
Shops at Erwin Mill [Member]
|
|||
Initial Cost | |||
Land | 236,000 | ||
Building & Improvements | 131,000 | ||
Costs Capitalized Subsequent to Acquisition | 15,087,000 | ||
Total Cost | |||
Land | 9,171,000 | ||
Building & Improvements | 6,283,000 | ||
Total | 15,454,000 | ||
Accumulated Depreciation | 378,000 | ||
Total Cost, Net of Accumulated Depreciation | 15,076,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 10,000,000 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 15,454,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 378,000 | ||
Shops at Johns Creek [Member]
|
|||
Initial Cost | |||
Land | 1,863,000 | ||
Building & Improvements | 2,014,000 | ||
Costs Capitalized Subsequent to Acquisition | (349,000) | ||
Total Cost | |||
Land | 1,501,000 | ||
Building & Improvements | 2,028,000 | ||
Total | 3,529,000 | ||
Accumulated Depreciation | 938,000 | ||
Total Cost, Net of Accumulated Depreciation | 2,591,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 3,529,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 938,000 | ||
Shops at Mira Vista [Member]
|
|||
Initial Cost | |||
Land | 11,691,000 | ||
Building & Improvements | 9,026,000 | ||
Costs Capitalized Subsequent to Acquisition | 6,000 | ||
Total Cost | |||
Land | 11,691,000 | ||
Building & Improvements | 9,032,000 | ||
Total | 20,723,000 | ||
Accumulated Depreciation | 345,000 | ||
Total Cost, Net of Accumulated Depreciation | 20,378,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 257,000 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 20,723,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 345,000 | ||
Shops at Quail Creek [Member]
|
|||
Initial Cost | |||
Land | 1,487,000 | ||
Building & Improvements | 7,717,000 | ||
Costs Capitalized Subsequent to Acquisition | 438,000 | ||
Total Cost | |||
Land | 1,499,000 | ||
Building & Improvements | 8,143,000 | ||
Total | 9,642,000 | ||
Accumulated Depreciation | 2,061,000 | ||
Total Cost, Net of Accumulated Depreciation | 7,581,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 9,642,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 2,061,000 | ||
Shops on Main [Member]
|
|||
Initial Cost | |||
Land | 15,211,000 | ||
Building & Improvements | 23,030,000 | ||
Costs Capitalized Subsequent to Acquisition | 1,203,000 | ||
Total Cost | |||
Land | 15,211,000 | ||
Building & Improvements | 25,589,000 | ||
Total | 40,800,000 | ||
Accumulated Depreciation | 1,548,000 | ||
Total Cost, Net of Accumulated Depreciation | 39,252,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 40,800,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 1,548,000 | ||
Signature Plaza [Member]
|
|||
Initial Cost | |||
Land | 2,396,000 | ||
Building & Improvements | 3,898,000 | ||
Costs Capitalized Subsequent to Acquisition | (13,000) | ||
Total Cost | |||
Land | 2,396,000 | ||
Building & Improvements | 3,885,000 | ||
Total | 6,281,000 | ||
Accumulated Depreciation | 2,025,000 | ||
Total Cost, Net of Accumulated Depreciation | 4,256,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 6,281,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 2,025,000 | ||
South Bay Village [Member]
|
|||
Initial Cost | |||
Land | 11,714,000 | ||
Building & Improvements | 15,580,000 | ||
Costs Capitalized Subsequent to Acquisition | 1,385,000 | ||
Total Cost | |||
Land | 11,776,000 | ||
Building & Improvements | 16,903,000 | ||
Total | 28,679,000 | ||
Accumulated Depreciation | 1,567,000 | ||
Total Cost, Net of Accumulated Depreciation | 27,112,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 28,679,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 1,567,000 | ||
South Lowry square [Member]
|
|||
Initial Cost | |||
Land | 3,434,000 | ||
Building & Improvements | 10,445,000 | ||
Costs Capitalized Subsequent to Acquisition | 789,000 | ||
Total Cost | |||
Land | 3,434,000 | ||
Building & Improvements | 11,234,000 | ||
Total | 14,668,000 | ||
Accumulated Depreciation | 4,781,000 | ||
Total Cost, Net of Accumulated Depreciation | 9,887,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 14,668,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 4,781,000 | ||
Southcenter [Member]
|
|||
Initial Cost | |||
Land | 1,300,000 | ||
Building & Improvements | 12,750,000 | ||
Costs Capitalized Subsequent to Acquisition | 848,000 | ||
Total Cost | |||
Land | 1,300,000 | ||
Building & Improvements | 13,598,000 | ||
Total | 14,898,000 | ||
Accumulated Depreciation | 5,559,000 | ||
Total Cost, Net of Accumulated Depreciation | 9,339,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 14,898,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 5,559,000 | ||
Southpark at Cinco Ranch [Member]
|
|||
Initial Cost | |||
Land | 18,395,000 | ||
Building & Improvements | 11,306,000 | ||
Costs Capitalized Subsequent to Acquisition | 702,000 | ||
Total Cost | |||
Land | 18,685,000 | ||
Building & Improvements | 11,718,000 | ||
Total | 30,403,000 | ||
Accumulated Depreciation | 1,325,000 | ||
Total Cost, Net of Accumulated Depreciation | 29,078,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 30,403,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 1,325,000 | ||
SouthPoint Crossing [Member]
|
|||
Initial Cost | |||
Land | 4,412,000 | ||
Building & Improvements | 12,235,000 | ||
Costs Capitalized Subsequent to Acquisition | 657,000 | ||
Total Cost | |||
Land | 4,412,000 | ||
Building & Improvements | 12,892,000 | ||
Total | 17,304,000 | ||
Accumulated Depreciation | 5,034,000 | ||
Total Cost, Net of Accumulated Depreciation | 12,270,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 17,304,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 5,034,000 | ||
Starke [Member]
|
|||
Initial Cost | |||
Land | 71,000 | ||
Building & Improvements | 1,683,000 | ||
Costs Capitalized Subsequent to Acquisition | 4,000 | ||
Total Cost | |||
Land | 71,000 | ||
Building & Improvements | 1,686,000 | ||
Total | 1,757,000 | ||
Accumulated Depreciation | 599,000 | ||
Total Cost, Net of Accumulated Depreciation | 1,158,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 1,757,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 599,000 | ||
State Street Crossing [Member]
|
|||
Initial Cost | |||
Land | 1,283,000 | ||
Building & Improvements | 1,970,000 | ||
Costs Capitalized Subsequent to Acquisition | 107,000 | ||
Total Cost | |||
Land | 1,283,000 | ||
Building & Improvements | 2,077,000 | ||
Total | 3,360,000 | ||
Accumulated Depreciation | 473,000 | ||
Total Cost, Net of Accumulated Depreciation | 2,887,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 3,360,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 473,000 | ||
Sterling Ridge [Member]
|
|||
Initial Cost | |||
Land | 12,846,000 | ||
Building & Improvements | 12,162,000 | ||
Costs Capitalized Subsequent to Acquisition | 490,000 | ||
Total Cost | |||
Land | 12,846,000 | ||
Building & Improvements | 12,652,000 | ||
Total | 25,498,000 | ||
Accumulated Depreciation | 7,431,000 | ||
Total Cost, Net of Accumulated Depreciation | 18,067,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 13,900,000 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 25,498,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 7,431,000 | ||
Stonewall [Member]
|
|||
Initial Cost | |||
Land | 27,511,000 | ||
Building & Improvements | 22,123,000 | ||
Costs Capitalized Subsequent to Acquisition | 6,886,000 | ||
Total Cost | |||
Land | 28,429,000 | ||
Building & Improvements | 28,091,000 | ||
Total | 56,520,000 | ||
Accumulated Depreciation | 10,146,000 | ||
Total Cost, Net of Accumulated Depreciation | 46,374,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 56,520,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 10,146,000 | ||
Strawflower Village [Member]
|
|||
Initial Cost | |||
Land | 4,060,000 | ||
Building & Improvements | 8,084,000 | ||
Costs Capitalized Subsequent to Acquisition | 394,000 | ||
Total Cost | |||
Land | 4,060,000 | ||
Building & Improvements | 8,478,000 | ||
Total | 12,538,000 | ||
Accumulated Depreciation | 3,767,000 | ||
Total Cost, Net of Accumulated Depreciation | 8,771,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 12,538,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 3,767,000 | ||
Stroh Ranch [Member]
|
|||
Initial Cost | |||
Land | 4,280,000 | ||
Building & Improvements | 8,189,000 | ||
Costs Capitalized Subsequent to Acquisition | 503,000 | ||
Total Cost | |||
Land | 4,280,000 | ||
Building & Improvements | 8,692,000 | ||
Total | 12,972,000 | ||
Accumulated Depreciation | 5,246,000 | ||
Total Cost, Net of Accumulated Depreciation | 7,726,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 12,972,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 5,246,000 | ||
Suncoast Crossing [Member]
|
|||
Initial Cost | |||
Land | 4,057,000 | ||
Building & Improvements | 5,545,000 | ||
Costs Capitalized Subsequent to Acquisition | 10,253,000 | ||
Total Cost | |||
Land | 9,030,000 | ||
Building & Improvements | 10,825,000 | ||
Total | 19,855,000 | ||
Accumulated Depreciation | 3,575,000 | ||
Total Cost, Net of Accumulated Depreciation | 16,280,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 19,855,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 3,575,000 | ||
Tanasbourne Market [Member]
|
|||
Initial Cost | |||
Land | 3,269,000 | ||
Building & Improvements | 10,861,000 | ||
Costs Capitalized Subsequent to Acquisition | (296,000) | ||
Total Cost | |||
Land | 3,269,000 | ||
Building & Improvements | 10,565,000 | ||
Total | 13,834,000 | ||
Accumulated Depreciation | 3,142,000 | ||
Total Cost, Net of Accumulated Depreciation | 10,692,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 13,834,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 3,142,000 | ||
Tassajara Crossing [Member]
|
|||
Initial Cost | |||
Land | 8,560,000 | ||
Building & Improvements | 15,464,000 | ||
Costs Capitalized Subsequent to Acquisition | 781,000 | ||
Total Cost | |||
Land | 8,560,000 | ||
Building & Improvements | 16,245,000 | ||
Total | 24,805,000 | ||
Accumulated Depreciation | 6,747,000 | ||
Total Cost, Net of Accumulated Depreciation | 18,058,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 19,800,000 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 24,805,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 6,747,000 | ||
Tech Ridge [Member]
|
|||
Initial Cost | |||
Land | 12,945,000 | ||
Building & Improvements | 37,169,000 | ||
Costs Capitalized Subsequent to Acquisition | 375,000 | ||
Total Cost | |||
Land | 12,945,000 | ||
Building & Improvements | 37,544,000 | ||
Total | 50,489,000 | ||
Accumulated Depreciation | 5,244,000 | ||
Total Cost, Net of Accumulated Depreciation | 45,245,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 9,644,000 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 50,489,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 5,244,000 | ||
The Hub Hillcrest Market [Member]
|
|||
Initial Cost | |||
Land | 18,773,000 | ||
Building & Improvements | 61,906,000 | ||
Costs Capitalized Subsequent to Acquisition | 2,789,000 | ||
Total Cost | |||
Land | 19,355,000 | ||
Building & Improvements | 64,114,000 | ||
Total | 83,469,000 | ||
Accumulated Depreciation | 3,744,000 | ||
Total Cost, Net of Accumulated Depreciation | 79,725,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 83,469,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 3,744,000 | ||
Town Square [Member]
|
|||
Initial Cost | |||
Land | 883,000 | ||
Building & Improvements | 8,132,000 | ||
Costs Capitalized Subsequent to Acquisition | 356,000 | ||
Total Cost | |||
Land | 883,000 | ||
Building & Improvements | 8,488,000 | ||
Total | 9,371,000 | ||
Accumulated Depreciation | 4,050,000 | ||
Total Cost, Net of Accumulated Depreciation | 5,321,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 9,371,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 4,050,000 | ||
Twin City Plaza [Member]
|
|||
Initial Cost | |||
Land | 17,245,000 | ||
Building & Improvements | 44,225,000 | ||
Costs Capitalized Subsequent to Acquisition | 1,379,000 | ||
Total Cost | |||
Land | 17,263,000 | ||
Building & Improvements | 45,586,000 | ||
Total | 62,849,000 | ||
Accumulated Depreciation | 11,606,000 | ||
Total Cost, Net of Accumulated Depreciation | 51,243,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 39,745,000 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 62,849,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 11,606,000 | ||
Twin Peaks [Member]
|
|||
Initial Cost | |||
Land | 5,200,000 | ||
Building & Improvements | 25,827,000 | ||
Costs Capitalized Subsequent to Acquisition | 695,000 | ||
Total Cost | |||
Land | 5,200,000 | ||
Building & Improvements | 26,522,000 | ||
Total | 31,722,000 | ||
Accumulated Depreciation | 10,823,000 | ||
Total Cost, Net of Accumulated Depreciation | 20,899,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 31,722,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 10,823,000 | ||
Valencia Crossroads [Member]
|
|||
Initial Cost | |||
Land | 17,921,000 | ||
Building & Improvements | 17,659,000 | ||
Costs Capitalized Subsequent to Acquisition | 559,000 | ||
Total Cost | |||
Land | 17,921,000 | ||
Building & Improvements | 18,219,000 | ||
Total | 36,140,000 | ||
Accumulated Depreciation | 12,972,000 | ||
Total Cost, Net of Accumulated Depreciation | 23,168,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 36,140,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 12,972,000 | ||
Village at Lee Airpark [Member]
|
|||
Initial Cost | |||
Land | 11,099,000 | ||
Building & Improvements | 12,955,000 | ||
Costs Capitalized Subsequent to Acquisition | 2,292,000 | ||
Total Cost | |||
Land | 11,352,000 | ||
Building & Improvements | 15,320,000 | ||
Total | 26,672,000 | ||
Accumulated Depreciation | 4,126,000 | ||
Total Cost, Net of Accumulated Depreciation | 22,546,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 26,672,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 4,126,000 | ||
Village Center [Member]
|
|||
Initial Cost | |||
Land | 3,885,000 | ||
Building & Improvements | 14,131,000 | ||
Costs Capitalized Subsequent to Acquisition | 6,847,000 | ||
Total Cost | |||
Land | 4,829,000 | ||
Building & Improvements | 20,159,000 | ||
Total | 24,988,000 | ||
Accumulated Depreciation | 6,463,000 | ||
Total Cost, Net of Accumulated Depreciation | 18,525,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 24,988,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 6,463,000 | ||
Walker Center [Member]
|
|||
Initial Cost | |||
Land | 3,840,000 | ||
Building & Improvements | 7,232,000 | ||
Costs Capitalized Subsequent to Acquisition | 3,170,000 | ||
Total Cost | |||
Land | 3,878,000 | ||
Building & Improvements | 10,364,000 | ||
Total | 14,242,000 | ||
Accumulated Depreciation | 4,081,000 | ||
Total Cost, Net of Accumulated Depreciation | 10,161,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 14,242,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 4,081,000 | ||
Welleby Plaza [Member]
|
|||
Initial Cost | |||
Land | 1,496,000 | ||
Building & Improvements | 7,787,000 | ||
Costs Capitalized Subsequent to Acquisition | 806,000 | ||
Total Cost | |||
Land | 1,496,000 | ||
Building & Improvements | 8,593,000 | ||
Total | 10,089,000 | ||
Accumulated Depreciation | 5,802,000 | ||
Total Cost, Net of Accumulated Depreciation | 4,287,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 10,089,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 5,802,000 | ||
Wellington Town Square [Member]
|
|||
Initial Cost | |||
Land | 2,041,000 | ||
Building & Improvements | 12,131,000 | ||
Costs Capitalized Subsequent to Acquisition | 307,000 | ||
Total Cost | |||
Land | 2,041,000 | ||
Building & Improvements | 12,438,000 | ||
Total | 14,479,000 | ||
Accumulated Depreciation | 5,627,000 | ||
Total Cost, Net of Accumulated Depreciation | 8,852,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 12,800,000 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 14,479,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 5,627,000 | ||
West Park Plaza [Member]
|
|||
Initial Cost | |||
Land | 5,840,000 | ||
Building & Improvements | 5,759,000 | ||
Costs Capitalized Subsequent to Acquisition | 1,170,000 | ||
Total Cost | |||
Land | 5,840,000 | ||
Building & Improvements | 6,929,000 | ||
Total | 12,769,000 | ||
Accumulated Depreciation | 2,969,000 | ||
Total Cost, Net of Accumulated Depreciation | 9,800,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 12,769,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 2,969,000 | ||
Westchase [Member]
|
|||
Initial Cost | |||
Land | 5,302,000 | ||
Building & Improvements | 8,273,000 | ||
Costs Capitalized Subsequent to Acquisition | 244,000 | ||
Total Cost | |||
Land | 5,302,000 | ||
Building & Improvements | 8,517,000 | ||
Total | 13,819,000 | ||
Accumulated Depreciation | 2,294,000 | ||
Total Cost, Net of Accumulated Depreciation | 11,525,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 7,242,000 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 13,819,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 2,294,000 | ||
Westchester Plaza [Member]
|
|||
Initial Cost | |||
Land | 3,366,000 | ||
Building & Improvements | 11,751,000 | ||
Costs Capitalized Subsequent to Acquisition | 9,452,000 | ||
Total Cost | |||
Land | 4,655,000 | ||
Building & Improvements | 20,815,000 | ||
Total | 25,470,000 | ||
Accumulated Depreciation | 3,911,000 | ||
Total Cost, Net of Accumulated Depreciation | 21,559,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 25,470,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 3,911,000 | ||
Westchester Plaza [Member]
|
|||
Initial Cost | |||
Land | 1,857,000 | ||
Building & Improvements | 7,572,000 | ||
Costs Capitalized Subsequent to Acquisition | 269,000 | ||
Total Cost | |||
Land | 1,857,000 | ||
Building & Improvements | 7,841,000 | ||
Total | 9,698,000 | ||
Accumulated Depreciation | 4,421,000 | ||
Total Cost, Net of Accumulated Depreciation | 5,277,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 9,698,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 4,421,000 | ||
Westlake Plaza and Center [Member]
|
|||
Initial Cost | |||
Land | 7,043,000 | ||
Building & Improvements | 27,195,000 | ||
Costs Capitalized Subsequent to Acquisition | 1,491,000 | ||
Total Cost | |||
Land | 7,043,000 | ||
Building & Improvements | 28,687,000 | ||
Total | 35,730,000 | ||
Accumulated Depreciation | 12,432,000 | ||
Total Cost, Net of Accumulated Depreciation | 23,298,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 35,730,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 12,432,000 | ||
Westwood Village [Member]
|
|||
Initial Cost | |||
Land | 19,933,000 | ||
Building & Improvements | 25,301,000 | ||
Costs Capitalized Subsequent to Acquisition | (1,196,000) | ||
Total Cost | |||
Land | 19,553,000 | ||
Building & Improvements | 24,485,000 | ||
Total | 44,038,000 | ||
Accumulated Depreciation | 8,586,000 | ||
Total Cost, Net of Accumulated Depreciation | 35,452,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 44,038,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 8,586,000 | ||
Willow Festival [Member]
|
|||
Initial Cost | |||
Land | 1,954,000 | ||
Building & Improvements | 56,501,000 | ||
Costs Capitalized Subsequent to Acquisition | 436,000 | ||
Total Cost | |||
Land | 1,954,000 | ||
Building & Improvements | 56,937,000 | ||
Total | 58,891,000 | ||
Accumulated Depreciation | 7,373,000 | ||
Total Cost, Net of Accumulated Depreciation | 51,518,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 39,505,000 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 58,891,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 7,373,000 | ||
Windmiller Plaza Phase 1 [Member]
|
|||
Initial Cost | |||
Land | 2,638,000 | ||
Building & Improvements | 13,241,000 | ||
Costs Capitalized Subsequent to Acquisition | 158,000 | ||
Total Cost | |||
Land | 2,638,000 | ||
Building & Improvements | 13,399,000 | ||
Total | 16,037,000 | ||
Accumulated Depreciation | 6,161,000 | ||
Total Cost, Net of Accumulated Depreciation | 9,876,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 16,037,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 6,161,000 | ||
Woodcroft Shopping Center [Member]
|
|||
Initial Cost | |||
Land | 1,419,000 | ||
Building & Improvements | 6,284,000 | ||
Costs Capitalized Subsequent to Acquisition | 523,000 | ||
Total Cost | |||
Land | 1,421,000 | ||
Building & Improvements | 6,805,000 | ||
Total | 8,226,000 | ||
Accumulated Depreciation | 3,463,000 | ||
Total Cost, Net of Accumulated Depreciation | 4,763,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 8,226,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 3,463,000 | ||
Woodman Van Nuys [Member]
|
|||
Initial Cost | |||
Land | 5,500,000 | ||
Building & Improvements | 7,195,000 | ||
Costs Capitalized Subsequent to Acquisition | 197,000 | ||
Total Cost | |||
Land | 5,500,000 | ||
Building & Improvements | 7,392,000 | ||
Total | 12,892,000 | ||
Accumulated Depreciation | 3,127,000 | ||
Total Cost, Net of Accumulated Depreciation | 9,765,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 12,892,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 3,127,000 | ||
Woodmen Plaza [Member]
|
|||
Initial Cost | |||
Land | 7,621,000 | ||
Building & Improvements | 11,018,000 | ||
Costs Capitalized Subsequent to Acquisition | 477,000 | ||
Total Cost | |||
Land | 7,617,000 | ||
Building & Improvements | 11,493,000 | ||
Total | 19,110,000 | ||
Accumulated Depreciation | 9,125,000 | ||
Total Cost, Net of Accumulated Depreciation | 9,985,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 19,110,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 9,125,000 | ||
Properties in Development [Member]
|
|||
Initial Cost | |||
Land | 0 | ||
Building & Improvements | 0 | ||
Costs Capitalized Subsequent to Acquisition | 239,538,000 | ||
Total Cost | |||
Land | 24,243,000 | ||
Building & Improvements | 215,295,000 | ||
Total | 239,538,000 | ||
Accumulated Depreciation | 472,000 | ||
Total Cost, Net of Accumulated Depreciation | 239,066,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 239,538,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 472,000 | ||
Russell Ridge [Member]
|
|||
Initial Cost | |||
Land | 2,234,000 | ||
Building & Improvements | 6,903,000 | ||
Costs Capitalized Subsequent to Acquisition | 920,000 | ||
Total Cost | |||
Land | 2,234,000 | ||
Building & Improvements | 7,823,000 | ||
Total | 10,057,000 | ||
Accumulated Depreciation | 3,912,000 | ||
Total Cost, Net of Accumulated Depreciation | 6,145,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 10,057,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 3,912,000 | ||
Sammamish-Highlands [Member]
|
|||
Initial Cost | |||
Land | 9,300,000 | ||
Building & Improvements | 8,075,000 | ||
Costs Capitalized Subsequent to Acquisition | 7,777,000 | ||
Total Cost | |||
Land | 9,592,000 | ||
Building & Improvements | 15,560,000 | ||
Total | 25,152,000 | ||
Accumulated Depreciation | 4,412,000 | ||
Total Cost, Net of Accumulated Depreciation | 20,740,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 25,152,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 4,412,000 | ||
Woodside Central [Member]
|
|||
Initial Cost | |||
Land | 3,500,000 | ||
Building & Improvements | 9,288,000 | ||
Costs Capitalized Subsequent to Acquisition | 548,000 | ||
Total Cost | |||
Land | 3,500,000 | ||
Building & Improvements | 9,836,000 | ||
Total | 13,336,000 | ||
Accumulated Depreciation | 4,008,000 | ||
Total Cost, Net of Accumulated Depreciation | 9,328,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 13,336,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | 4,008,000 | ||
Corporately Held Assets [Member]
|
|||
Initial Cost | |||
Land | 0 | ||
Building & Improvements | 0 | ||
Costs Capitalized Subsequent to Acquisition | 1,547,000 | ||
Total Cost | |||
Land | 0 | ||
Building & Improvements | 1,547,000 | ||
Total | 1,547,000 | ||
Accumulated Depreciation | 1,085,000 | ||
Total Cost, Net of Accumulated Depreciation | 462,000 | ||
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | ||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Beginning balance | 1,547,000 | ||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Ending balance | $ 1,085,000 | ||
Building and Improvements [Member]
|
|||
Real Estate and Accumulated Depreciation [Line Items] | |||
Property, Plant and Equipment, Useful Life | 40 years |
X | ||||||||||
- Definition
End date of current fiscal year in the format --MM-DD. No definition available.
|
X | ||||||||||
- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
|
X | ||||||||||
- Definition
Useful life of long lived, physical assets used in the normal conduct of business and not intended for resale, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Examples include, but not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. No definition available.
|
X | ||||||||||
- Definition
Amount of accumulated depreciation pertaining to real estate investments for entities with a substantial portion of business acquiring and holding investment real estate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of other deductions to accumulated depreciation, excluding sales, for entities with a substantial portion of business acquiring and holding investment real estate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of decrease to accumulated depreciation for real estate investments sold for entities with a substantial portion of business acquiring and holding investment real estate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of lien or mortgage outstanding on real estate investment properties for entities with a substantial portion of business acquiring and holding investment real estate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount before accumulated depreciation of buildings and improvements for entities with a substantial portion of business acquiring and holding investment real estate. Excludes real estate not held as an investment or interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of land for entities with a substantial portion of business acquiring and holding investment real estate. Excludes real estate not held as an investment or interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of carrying costs of properties that were capitalized after acquisition, for example, but not limited to, real estate taxes and insurance for entities with a substantial portion of business acquiring and holding investment real estate. Excludes initial purchase price and improvements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Initial cost of buildings and improvements for entities with a substantial portion of business acquiring and holding investment real estate. Excludes real estate not held as an investment or interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Initial cost of land for entities with a substantial portion of business acquiring and holding investment real estate. Excludes real estate not held as an investment or interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of real estate investments sold for entities with a substantial portion of business acquiring and holding investment real estate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Cost basis of real estate investments for federal income tax purposes for entities with a substantial portion of business acquiring and holding investment real estate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount, before accumulated depreciation, of real estate investments for entities with a substantial portion of business acquiring and holding investment real estate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of increase in real estate investments related to improvements for entities with a substantial portion of business acquiring and holding investment real estate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of increase in real estate investments from acquisitions other than through foreclosure for entities with a substantial portion of business acquiring and holding investment real estate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of depreciation expense of real estate investments for entities with a substantial portion of business acquiring and holding investment real estate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after accumulated depreciation of real estate held for investment for entities with a substantial portion of business acquiring and holding investment real estate. No definition available.
|
X | ||||||||||
- Definition
Amount of write-down or reserve recognized in the income statement on real estate investments for entities with a substantial portion of business acquiring and holding investment real estate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|