Retail Properties of America (RPAI) 10-Q5 Nov 132013 Q3 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
Document and Entity Information	Sep. 30, 2013	Nov. 01, 2013
Entity Information	'	'
Entity Registrant Name	'RETAIL PROPERTIES OF AMERICA, INC.	'
Entity Central Index Key	'0001222840	'
Document Type	'10-Q	'
Document Period End Date	30-Sep-13	'
Amendment Flag	'false	'
Document Fiscal Year Focus	'2013	'
Document Fiscal Period Focus	'Q3	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	236,302,369

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Investment properties:	'	'
Land	$1,170,239	$1,209,523
Building and other improvements	4,547,462	4,703,859
Developments in progress	49,752	49,496
Gross investment properties	5,767,453	5,962,878
Less accumulated depreciation	-1,350,373	-1,275,787
Net investment properties	4,417,080	4,687,091
Cash and cash equivalents	70,321	138,069
Investment in unconsolidated joint ventures	55,732	56,872
Accounts and notes receivable (net of allowances of $8,376 and $6,452, respectively)	77,732	85,431
Acquired lease intangible assets, net	96,300	125,706
Assets associated with investment properties held for sale	59,248	8,922
Other assets, net	130,191	135,336
Total assets	4,906,604	5,237,427
Liabilities:	'	'
Mortgages and notes payable, net	1,707,425	2,212,089
Unsecured term loan	450,000	300,000
Unsecured revolving line of credit	165,000	80,000
Accounts payable and accrued expenses	65,285	73,983
Distributions payable	39,130	38,200
Acquired lease intangible liabilities, net	68,782	74,648
Liabilities associated with investment properties held for sale	22,934	60
Other liabilities	75,241	82,694
Total liabilities	2,593,797	2,861,674
Commitments and contingencies (Note 14)	'	'
Equity:	'	'
Additional paid-in capital	4,919,312	4,835,370
Accumulated distributions in excess of earnings	-2,607,382	-2,460,093
Accumulated other comprehensive loss	-858	-1,254
Total shareholders' equity	2,311,313	2,374,259
Noncontrolling interests	1,494	1,494
Total equity	2,312,807	2,375,753
Total liabilities and equity	4,906,604	5,237,427
7.00% Series A cumulative redeemable preferred stock	'	'
Equity:	'	'
Preferred stock	5	5
Class A common stock	'	'
Equity:	'	'
Common stock	187	133
Class B-2 common stock	'	'
Equity:	'	'
Common stock	0	49
Class B-3 common stock	'	'
Equity:	'	'
Common stock	$49	$49

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (parenthetical) (USD $)	9 Months Ended	12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Accounts and notes receivable, allowances (in dollars)	$8,376	$6,452
Preferred stock, par value (in dollars per share)	$0.00	$0.00
Preferred stock, shares authorized	10,000	10,000
Preferred stock, dividend rate	'	7.00%
7.00% Series A cumulative redeemable preferred stock	'	'
Preferred stock, dividend rate	7.00%	7.00%
Preferred stock, shares issued	5,400	5,400
Preferred stock, shares outstanding	5,400	5,400
Preferred stock, liquidation preference	$135,000	$135,000
Class A common stock	'	'
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized	475,000	475,000
Common stock, shares issued	187,740	133,606
Common stock, shares outstanding	187,740	133,606
Class B-2 common stock	'	'
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized	55,000	55,000
Common stock, shares issued	0	48,518
Common stock, shares outstanding	0	48,518
Class B-3 common stock	'	'
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized	55,000	55,000
Common stock, shares issued	48,519	48,519
Common stock, shares outstanding	48,519	48,519

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations and Other Comprehensive Loss (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Revenues:	'	'	'	'
Rental income	$112,393	$110,848	$334,936	$331,475
Tenant recovery income	27,807	26,043	77,408	77,749
Other property income	2,091	1,959	7,090	7,504
Total revenues	142,291	138,850	419,434	416,728
Expenses:	'	'	'	'
Property operating expenses	22,027	22,770	68,630	69,736
Real estate taxes	20,304	19,078	56,799	56,413
Depreciation and amortization	53,254	53,052	168,857	159,662
Provision for impairment of investment properties	47,784	0	54,478	1,323
Loss on lease terminations	221	1,689	813	6,328
General and administrative expenses	6,820	7,227	23,163	18,691
Total expenses	150,410	103,816	372,740	312,153
Operating (loss) income	-8,119	35,034	46,694	104,575
Gain on extinguishment of debt	0	0	26,331	3,879
Equity in income (loss) of unconsolidated joint ventures, net	126	-1,863	-736	-5,467
Interest expense (Note 8)	-32,381	-46,244	-114,449	-133,001
Co-venture obligation expense	0	0	0	-3,300
Recognized gain on marketable securities	0	9,108	0	16,373
Other income, net	985	1,047	4,146	1,500
Loss from continuing operations	-39,389	-2,918	-38,014	-15,441
Discontinued operations:	'	'	'	'
(Loss) income, net	-1,018	-23,440	2,111	-22,293
Gain on sales of investment properties	1,705	8,756	3,640	16,518
Income (loss) from discontinued operations	687	-14,684	5,751	-5,775
Gain on sales of investment properties	1,150	1,650	8,802	6,652
Net loss	-37,552	-15,952	-23,461	-14,564
Net loss attributable to the Company	-37,552	-15,952	-23,461	-14,564
Preferred stock dividends	-2,362	0	-7,087	0
Net loss attributable to common shareholders	-39,914	-15,952	-30,548	-14,564
(Loss) earnings per common share - basic and diluted:	'	'	'	'
Continuing operations	($0.17)	($0.01)	($0.16)	($0.04)
Discontinued operations	$0	($0.06)	$0.03	($0.03)
Net loss per common share attributable to common shareholders	($0.17)	($0.07)	($0.13)	($0.07)
Net loss	-37,552	-15,952	-23,461	-14,564
Other comprehensive (loss) income:	'	'	'	'
Net unrealized (loss) gain on derivative instruments (Note 8)	-705	-981	396	-591
Net unrealized gain on marketable securities	0	1,426	0	5,070
Reversal of unrealized gain to recognized gain on marketable securities	0	-9,108	0	-16,373
Comprehensive loss	-38,257	-24,615	-23,065	-26,458
Comprehensive loss attributable to common shareholders	($38,257)	($24,615)	($23,065)	($26,458)
Weighted average number of common shares outstanding - basic and diluted	236,151	230,597	233,462	217,087

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Equity (USD $)	Total	Preferred stock	Common stock	Common stock	Additional paid-in capital	Accumulated distributions in excess of earnings	Accumulated other comprehensive income (loss)	Total shareholders' equity	Noncontrolling interests
In Thousands, unless otherwise specified	Total	7.00% Series A cumulative redeemable preferred stock	Class A common stock	Class B common stock	Additional paid-in capital	Accumulated distributions in excess of earnings	Accumulated other comprehensive income (loss)	Total shareholders' equity	Noncontrolling interests
Balance at Dec. 31, 2011	$2,136,518	'	$48	$146	$4,427,977	($2,312,877)	$19,730	$2,135,024	$1,494
Balance (in shares) at Dec. 31, 2011	'	'	48,382	145,147	'	'	'	'	'
Increase (Decrease) in Shareholders' Equity	'	'	'	'	'	'	'	'	'
Net loss	-14,564	'	'	'	'	-14,564	'	-14,564	'
Other comprehensive income (loss)	-11,894	'	'	'	'	'	-11,894	-11,894	'
Distributions declared to common shareholders ($0.496875 per share)	-108,569	'	'	'	'	-108,569	'	-108,569	'
Issuance of common stock, net of offering costs	266,491	'	37	'	266,454	'	'	266,491	'
Issuance of common stock, net of offering costs (in shares)	'	'	36,570	'	'	'	'	'	'
Redemption of fractional shares of common stock	-1,253	'	'	'	-1,253	'	'	-1,253	'
Redemption of fractional shares of common stock (in shares)	'	'	-39	-118	'	'	'	'	'
Distribution reinvestment program (DRP)	11,626	'	'	'	11,626	'	'	11,626	'
Distribution reinvestment program (DRP) (in shares)	'	'	167	502	'	'	'	'	'
Issuance of restricted common stock (in shares)	'	'	8	24	'	'	'	'	'
Conversion of Class B-2 common stock to Class A common stock (in shares)	0	'	'	'	'	'	'	'	'
Stock based compensation expense, net of shares withheld for employee taxes and forfeitures	220	'	'	'	220	'	'	220	'
Balance at Sep. 30, 2012	2,278,575	'	85	146	4,705,024	-2,436,010	7,836	2,277,081	1,494
Balance (in shares) at Sep. 30, 2012	'	'	85,088	145,555	'	'	'	'	'
Balance at Dec. 31, 2012	2,375,753	5	133	98	4,835,370	-2,460,093	-1,254	2,374,259	1,494
Balance (in shares) at Dec. 31, 2012	'	5,400	133,606	97,037	'	'	'	'	'
Increase (Decrease) in Shareholders' Equity	'	'	'	'	'	'	'	'	'
Net loss	-23,461	'	'	'	'	-23,461	'	-23,461	'
Other comprehensive income (loss)	396	'	'	'	'	'	396	396	'
Distributions declared to common shareholders ($0.496875 per share)	-116,478	'	'	'	'	-116,478	'	-116,478	'
Distributions declared to preferred shareholders	-7,350	'	'	'	'	-7,350	'	-7,350	'
Issuance of common stock, net of offering costs	83,537	'	5	'	83,532	'	'	83,537	'
Issuance of common stock, net of offering costs (in shares)	'	'	5,547	'	'	'	'	'	'
Distribution reinvestment program (DRP)	0	'	'	'	'	'	'	'	'
Issuance of restricted common stock (in shares)	'	'	73	'	'	'	'	'	'
Conversion of Class B-2 common stock to Class A common stock	'	'	49	-49	'	'	'	'	'
Conversion of Class B-2 common stock to Class A common stock (in shares)	48,518	'	48,518	-48,518	'	'	'	'	'
Stock based compensation expense, net of shares withheld for employee taxes and forfeitures	410	'	'	'	410	'	'	410	'
Stock based compensation expense, net of shares withheld for employee taxes and forfeitures (in shares)	'	'	-4	'	'	'	'	'	'
Balance at Sep. 30, 2013	$2,312,807	$5	$187	$49	$4,919,312	($2,607,382)	($858)	$2,311,313	$1,494
Balance (in shares) at Sep. 30, 2013	'	5,400	187,740	48,519	'	'	'	'	'

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Equity (parenthetical) (USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Distributions declared to common shareholders (in dollars per share)	$0.50	$0.50

Condensed_Consolidated_Stateme3

Condensed Consolidated Statements of Cash Flows (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Cash flows from operating activities:	'	'
Net loss	($23,461)	($14,564)
Adjustments to reconcile net loss to net cash provided by operating activities (including discontinued operations):	'	'
Depreciation and amortization	171,282	174,389
Provision for impairment of investment properties	59,140	23,490
Gain on sales of investment properties	-12,442	-23,170
Gain on extinguishment of debt	-26,331	-3,879
Loss on lease terminations	813	6,590
Amortization of loan fees, mortgage debt premium and discount on debt assumed, net	8,391	-2,633
Equity in loss of unconsolidated joint ventures, net	736	5,467
Distributions on investments in unconsolidated joint ventures	6,679	4,301
Recognized gain on sale of marketable securities	0	-16,373
Payment of leasing fees and inducements	-9,341	-38,140
Changes in accounts receivable, net	3,076	10,120
Changes in accounts payable and accrued expenses, net	-137	7,634
Changes in other operating assets and liabilities, net	-7,112	-630
Other, net	6,674	-947
Net cash provided by operating activities	177,967	131,655
Cash flows from investing activities:	'	'
Proceeds from sale of marketable securities	0	25,799
Changes in restricted escrows, net	2,519	21,099
Capital expenditures and tenant improvements	-31,456	-26,690
Proceeds from sales of investment properties	67,419	200,645
Investment in developments in progress	-887	-285
Investment in unconsolidated joint ventures	-7,111	-7,859
Distributions of investments in unconsolidated joint ventures	836	17,403
Other, net	-77	21
Net cash provided by investing activities	31,243	230,133
Cash flows from financing activities:	'	'
Repayments of margin debt related to marketable securities	0	-7,541
Proceeds from mortgages and notes payable	498	281,874
Principal payments on mortgages and notes payable	-467,291	-765,729
Proceeds from credit facility	425,000	290,000
Repayments of credit facility	-190,000	-310,000
Payment of loan fees and deposits, net	-5,380	-7,433
Settlement of co-venture obligation	0	-50,000
Proceeds from issuance of common stock	84,835	272,081
Redemption of fractional shares of common stock	0	-1,253
Distributions paid, net of DRP	-122,898	-90,191
Other, net	-1,722	-2,182
Net cash used in financing activities	-276,958	-390,374
Net decrease in cash and cash equivalents	-67,748	-28,586
Cash and cash equivalents, at beginning of period	138,069	136,009
Cash and cash equivalents, at end of period	70,321	107,423
Supplemental cash flow disclosure, including non-cash activities:	'	'
Cash paid for interest	108,027	147,746
Distributions payable	39,130	38,200
Distributions reinvested	0	11,626
Accrued capital expenditures and tenant improvements	7,229	4,045
Accrued leasing fees and inducements	1,390	0
Forgiveness of mortgage debt	19,615	27,449
Forgiveness of accrued interest, net of escrows held by the lender	6,716	0
Conversion of Class B-2 common stock to Class A common stock (in shares)	48,518	0
Proceeds from sales of investment properties:	'	'
Land, building and other improvements, net	51,849	188,616
Accounts receivable, acquired lease intangible and other assets	3,402	12,855
Accounts payable and other liabilities	-39	-108
Mortgages payable	-26	0
Forgiveness of mortgage debt	0	-23,570
Deferred gains	-209	-318
Gain on sales of investment properties	12,442	23,170
Proceeds from sales of investment properties	$67,419	$200,645

Organization_and_Basis_of_Pres

Organization and Basis of Presentation	9 Months Ended
	Sep. 30, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Organization and Basis of Presentation	'
	Organization and Basis of Presentation
	Retail Properties of America, Inc. (the Company) was formed to acquire and manage a diversified portfolio of real estate, primarily multi-tenant shopping centers. The Company was initially formed on March 5, 2003 as Inland Western Retail Real Estate Trust, Inc. On March 8, 2012, the Company changed its name to Retail Properties of America, Inc.
	All share amounts and dollar amounts in this Quarterly Report are stated in thousands with the exception of per share amounts and per square foot amounts.
	The Company elected to be taxed as a real estate investment trust (REIT) under the Internal Revenue Code of 1986, as amended (the Code). The Company believes it has qualified for taxation as a REIT and, as such, the Company generally will not be subject to U.S. federal income tax on taxable income that is distributed to shareholders. If the Company fails to qualify as a REIT in any taxable year, the Company will be subject to U.S. federal income tax on its taxable income at regular corporate tax rates.
	Even if the Company qualifies for taxation as a REIT, the Company may be subject to certain state and local taxes on its income, property or net worth and U.S. federal income and excise taxes on its undistributed income. The Company has one wholly-owned subsidiary that has jointly elected to be treated as a taxable REIT subsidiary (TRS) for U.S. federal income tax purposes. A TRS is taxed on its taxable income at regular corporate tax rates. The income tax expense incurred as a result of the TRS did not have a material impact on the Company’s accompanying condensed consolidated financial statements. Through a merger consummated on November 15, 2007, the Company acquired four qualified REIT subsidiaries. Their income is consolidated with REIT income for federal and state income tax purposes.
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. For example, significant estimates and assumptions have been made with respect to useful lives of assets, capitalization of development and leasing costs, fair value measurements, provision for impairment, including estimates of holding periods, capitalization rates and discount rates (where applicable), provision for income taxes, recoverable amounts of receivables, deferred taxes and initial valuations and related amortization periods of deferred costs and intangibles, particularly with respect to property acquisitions. Actual results could differ from those estimates.
	Reclassifications to condense certain captions have been made to the 2012 condensed consolidated statement of operations to conform to the 2013 presentation. Amounts previously reflected in “Dividend income” and “Interest income” are now included in “Other income, net”. In addition, reclassifications to expand certain captions have been made to the 2012 condensed consolidated balance sheet to conform to the 2013 presentation. Amounts previously reflected in “Credit facility” are now separately presented in “Unsecured term loan” and “Unsecured revolving line of credit”.
	The accompanying condensed consolidated financial statements include the accounts of the Company, as well as all wholly-owned subsidiaries and consolidated joint venture investments. Wholly-owned subsidiaries generally consist of limited liability companies (LLCs), limited partnerships (LPs) and statutory trusts.
	The Company’s property ownership as of September 30, 2013 is summarized below:


		Wholly-owned	Consolidated	Unconsolidated
			Joint Ventures (a)	Joint Ventures (b)
	Operating properties (c)	234	—	20

	Development properties	2	1	—


	(a)	The Company has a 50% ownership interest in one LLC.

	(b)	The Company has a 20% ownership interest in one LLC and one LP. As discussed in Note 9, the Company dissolved its joint venture arrangement with its partner in RC Inland L.P. (RioCan) on October 1, 2013.

	(c)	Excludes five wholly-owned properties classified as held for sale as of September 30, 2013.
	As of September 30, 2013, the Company is the controlling member in one less-than-wholly-owned consolidated entity. Noncontrolling interest is the portion of equity in a subsidiary not attributable, directly or indirectly, to a parent. In the condensed consolidated statements of operations and other comprehensive loss, revenues, expenses and net income or loss from such less-than-wholly-owned subsidiaries are reported at the consolidated amounts, including both the amounts attributable to common shareholders and noncontrolling interests. Condensed consolidated statements of equity are included in the quarterly financial statements, including beginning balances, activity for the period and ending balances for total shareholders’ equity, noncontrolling interests and total equity. Noncontrolling interests are adjusted for additional contributions from and distributions to noncontrolling interest holders, as well as the noncontrolling interest holders’ share of the net income or loss of each respective entity, as applicable.
	The Company evaluates the classification and presentation of noncontrolling interests associated with its consolidated joint venture investments on an ongoing basis as facts and circumstances necessitate. Such determinations are based on numerous factors, including evaluations of the terms in applicable agreements, specifically the redemption provisions. The amount at which these interests would be redeemed is based on a formula contained in each respective agreement and, as of September 30, 2013 and December 31, 2012, was determined to approximate the carrying value of these interests. No adjustment to the carrying value of the noncontrolling interests in the Company’s consolidated joint venture investments was made during the nine months ended September 30, 2013 and 2012.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	9 Months Ended
Summary of Significant Accounting Policies	Sep. 30, 2013
Accounting Policies [Abstract]	'
Summary of Significant Accounting Policies	'
	Summary of Significant Accounting Policies
	There have been no changes to the Company’s significant accounting policies in the nine months ended September 30, 2013. Refer to the Company’s 2012 Annual Report on Form 10-K for a summary of the Company’s significant accounting policies.
	Recent Accounting Pronouncements
	Effective January 1, 2013, companies are required to disclose additional information about reclassification adjustments out of accumulated other comprehensive income (AOCI), including (1) changes in AOCI balances by component and (2) significant items reclassified out of AOCI. For significant items reclassified out of AOCI to net income in their entirety in the reporting period, disclosure of the effect of the reclassifications on the respective line items in the statement where net income is presented is required. For items that are not reclassified to net income in their entirety in the reporting period, a cross reference to other disclosures in the notes is required. The adoption resulted in the addition of a cross reference to other disclosures in the notes on the face of the accompanying condensed consolidated statements of operations and other comprehensive loss.
	Effective January 1, 2014, companies will be required to present unrecognized tax benefits as a reduction to deferred tax assets when a net operating loss carryforward, a similar tax loss or a tax credit carryforward exists. To the extent none of these are available at the reporting date, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The Company does not expect the adoption will have any effect on its consolidated financial statements.

Acquisitions

Acquisitions	9 Months Ended
Acquisitions	Sep. 30, 2013
Business Combinations [Abstract]	'
Acquisitions	'
	Acquisitions
	The Company did not acquire any properties during the three and nine months ended September 30, 2013 and 2012. However, the Company acquired or entered into an agreement to acquire seven properties subsequent to September 30, 2013.
	As discussed in Note 9, on October 1, 2013, the Company dissolved its joint venture arrangement with its partner in RioCan and acquired its partner’s 80% ownership interest in five multi-tenant retail properties (collectively, the RioCan acquisitions). The five properties have a combined fair value of approximately $124,800. Total cash consideration paid by the Company was approximately $45,500 before transaction costs and prorations and after assumption of its partner’s 80% interest of the joint venture’s $67,900 in-place mortgage financing on those properties. This transaction was accounted for as a business combination achieved in stages. The properties acquired have a combined gross leasable area (GLA) of 598,100 square feet. The Company expects to recognize a gain of $5,435 in the fourth quarter of 2013, as a result of remeasuring the carrying value of its 20% equity interest in the five acquired properties to fair value. Refer to Note 9 for additional transaction details.
	During the three months ended September 30, 2013, the Company entered into an agreement to acquire a 100% interest in the following two multi-tenant retail properties located in the New York City metropolitan statistical area (MSA) (collectively, the New York acquisitions) for a combined gross purchase price of $192,400:

	•	Pelham Manor Shopping Plaza (Pelham Manor), a 228,000 square foot community shopping center located in Pelham Manor, New York, and

	•	Fordham Place, a 262,000 square foot mixed-use retail and commercial office building located in the Bronx, New York.
	The New York acquisitions are expected to close prior to December 31, 2013.
	The following table summarizes the acquisition date fair values the Company expects to record in conjunction with the RioCan acquisitions and the anticipated New York acquisitions discussed above:


	Land		$	60,307
	Land		$	60,307
	Building and other improvements		238,389
	Building and other improvements		238,389
	Acquired lease intangible assets		46,356
	Acquired lease intangible assets		46,356
	Acquired lease intangible liability		(26,525		)
	Mortgages payable (a)		(69,177		)
	Net assets acquired		$	249,350
	Net assets acquired		$	249,350

	(a)	Includes mortgage premium of $1,313.
	Unless otherwise stated, the Company accounts for acquisitions of investment properties pursuant to the acquisition method of accounting. Accordingly, the Company allocates the purchase price of each acquired investment property based upon the estimated acquisition date fair value of the individual assets acquired and liabilities assumed. The Company allocates the purchase price of acquired real estate to various components as follows:

	•	Land, building and other improvements — The Company considers available comparable market and industry information in estimating acquisition date fair value.

	•	Acquired lease intangible assets and liabilities — The Company allocates a portion of the purchase price to the estimated acquired in-place lease value based on estimated lease execution costs for similar leases as well as lost rental payments during an assumed lease-up period. The Company also evaluates each acquired lease as compared to current market rates. If an acquired lease is determined to be above or below market, the Company allocates a portion of the purchase price to such above or below market leases based upon the present value of the difference between the contractual lease payments and estimated market rent payments over the remaining lease term. Renewal periods are included within the lease term in the calculation of above and below market lease values if, based upon factors known at the acquisition date, market participants would consider it probable that the lessee would exercise such options. The discount rate used in the present value calculation of above and below market lease intangibles requires the Company’s evaluation of subjective factors such as market knowledge, economics, demographics, location, visibility, age and physical condition of the property. Acquired lease intangible assets and liabilities are amortized over the term of the related lease including renewal periods as applicable.
	All acquisition accounting fair value estimates require the Company to consider various factors, including, but not limited to, geographic location, size and location of tenant spaces within the acquired investment property and tenant profile.
	Acquisition transaction costs are expensed as incurred and included within “General and administrative expenses” in the condensed consolidated statements of operations and other comprehensive income loss.
	Condensed Pro Forma Financial Information
	The results of operations of the RioCan acquisitions and the anticipated New York acquisitions will be included in the consolidated statements of operations and other comprehensive loss beginning on their acquisition dates, which are subsequent to September 30, 2013. The following unaudited condensed pro forma financial information is presented as if these acquisitions had been completed as of January 1, 2012. These pro forma results are for comparative purposes only and not necessarily indicative of what the actual results of operations of the Company would have been had the acquisitions occurred at the beginning of the periods presented, nor are they necessarily indicative of future operating results.
	The unaudited condensed pro forma financial information is as follows:


			Three Months Ended September 30,						Nine Months Ended September 30,
			2013			2012			2013			2012
	Total revenues		$	150,394		$	147,096		$	443,673		$	441,335
	Total revenues		$	150,394		$	147,096		$	443,673		$	441,335
	Net loss		$	(34,757	)	$	(13,433	)	$	(15,167	)	$	(7,037	)
	Net loss attributable to Company shareholders		$	(37,119	)	$	(13,433	)	$	(22,254	)	$	(7,037	)
	Earnings per share - basic and diluted
	Net loss per common share attributable to common shareholders		$	(0.16	)	$	(0.06	)	$	(0.10	)	$	(0.03	)
	Weighted average common shares outstanding		236,151			230,597			233,462			217,087
	Weighted average common shares outstanding		236,151			230,597			233,462			217,087

Discontinued_Operations_and_In

Discontinued Operations and Investment Properties Held for Sale	9 Months Ended
	Sep. 30, 2013
Discontinued Operations and Disposal Groups [Abstract]	'
Discontinued Operations and Investment Properties Held for Sale	'
	Discontinued Operations and Investment Properties Held for Sale
	The Company monitors its investment properties to ensure that each property continues to meet expected investment returns and strategic objectives. This approach incorporates the sale of non-core and non-strategic assets that no longer meet the Company’s investment criteria.
	The Company sold six properties during the nine months ended September 30, 2013, as summarized below:


	Date		Property Name		Property Type		Square			Consideration			Mortgage		Net Sales		Gain
							Footage						Debt		Proceeds
													Extinguished
	January 16, 2013		Mervyns - Ridgecrest		Single-user retail		59,000			$	500		$	—	$	477	$	—	(a)

	16-Jan-13		Mervyns - Highland		Single-user retail		80,500			2,133			—		2,030		—		(a)

	25-Jan-13		American Express - DePere		Single-user office		132,300			17,233			—		17,168		1,914

	21-Jun-13		Dick's Sporting Goods-Fresno		Multi-tenant retail		77,400			6,500			—		6,401		21

	31-Jul-13		Raytheon Facility		Single-user office		105,000			11,500			—		11,142		—		(a)

	26-Sep-13		LA Fitness - Oceanside		Single-user retail		75,400			17,000			—		16,811		1,705

							529,600			$	54,866		$	—	$	54,029	$	3,640


	(a)	No gain or loss recognized at disposition due to previously recognized impairment charges.
	The Company also received net proceeds of $13,390 and recorded gains of $8,802 from earnouts and the sale of parcels at four of its properties. The aggregate proceeds, net of closing costs, from the property sales and additional transactions during the nine months ended September 30, 2013 totaled $67,419 with aggregate gains of $12,442.
	During the year ended December 31, 2012, the Company sold 31 properties, 20 of which were sold during the nine months ended September 30, 2012. The dispositions and additional transactions, including condemnation awards and earnouts, during the nine months ended September 30, 2012 resulted in aggregate proceeds, net of closing costs, to the Company of $200,645 with aggregate gains of $23,170.
	As of September 30, 2013, the Company had entered into contracts to sell the following five properties, which qualified for held for sale accounting treatment:


	Property Name		Property Type		Square Footage
	Preston Trail Village		Multi-tenant retail		180,000

	Duck Creek		Multi-tenant retail		134,200

	Stop & Shop - Beekman		Single-user retail		40,400

	Riverpark Phase IIA		Single-user retail		64,300

	Rite Aid - Atlanta		Single-user retail		10,900

					429,800

	These properties qualified for held for sale accounting treatment upon meeting all applicable GAAP criteria on or prior to September 30, 2013, at which time depreciation and amortization were ceased. As such, the assets and liabilities associated with these properties are separately classified as held for sale in the condensed consolidated balance sheet as of September 30, 2013 and the operations for all periods presented are classified as discontinued operations in the condensed consolidated statements of operations and other comprehensive loss. Three properties were classified as held for sale as of December 31, 2012. The following table presents the assets and liabilities associated with the held for sale properties:


		September 30, 2013				December 31, 2012
	Assets
	Land, building and other improvements	$	64,925			$	8,746

	Accumulated depreciation	(10,231		)		(17		)
	Net investment properties	54,694				8,729

	Other assets	4,554				193

	Assets associated with investment properties held for sale	$	59,248			$	8,922


	Liabilities
	Mortgages payable	$	18,613			$	—

	Other liabilities	4,321				60

	Liabilities associated with investment properties held for sale	$	22,934			$	60

The Company does not allocate general corporate interest expense to discontinued operations. The results of operations for the investment properties that are accounted for as discontinued operations, inclusive of investment properties sold and those classified as held for sale, are presented in the table below:


	Three Months Ended September 30,								Nine Months Ended September 30,
	2013				2012				2013			2012

Revenues:

Rental income	$	1,484			$	8,704			$	4,950		$	30,790

Tenant recovery income	261				(89		)		846			1,902

Other property income	711				37				6,073			87

Total revenues	2,456				8,652				11,869			32,779



Expenses:

Property operating expenses	219				651				827			2,321

Real estate taxes	229				(78		)		713			1,885

Depreciation and amortization	564				4,427				2,425			14,727

Provision for impairment of investment properties	2,180				22,167				4,662			22,167

Loss on lease terminations	—				—				—			262

Interest expense	301				4,921				1,184			13,706

Other (income) expense, net	(19		)		4				(53		)	4

Total expenses	3,474				32,092				9,758			55,072



(Loss) income from discontinued operations, net	$	(1,018	)		$	(23,440	)		$	2,111		$	(22,293	)

Compensation_Plans

Compensation Plans	9 Months Ended
	Sep. 30, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Compensation Plans	'
	Compensation Plans
	The Company’s Equity Compensation Plan (Equity Plan), subject to certain conditions, authorizes the issuance of stock options, restricted stock, stock appreciation rights and other similar awards to the Company’s employees in connection with compensation and incentive arrangements that may be established by the Company’s board of directors.
	The following represents a summary of the Company’s unvested restricted shares, all of which were granted to Company employees pursuant to the Equity Plan, as of and for the nine months ended September 30, 2013:


		Unvested		Weighted Average
		Restricted		Grant Date Fair
		Shares		Value per
				Restricted Share
	Balance at January 1, 2013	46		$	17.3

	Shares granted (a)	73		$	14.48

	Shares vested	(9	)	$	15.53

	Shares forfeited	(1	)	$	15.61

	Balance at September 30, 2013	109		$	15.58


	(a)	Of the shares granted to the Company’s executives, 50% vest on each of the third and fifth anniversaries of the grant date. Shares granted to Company employees vest ratably over three years.
	During the three months ended September 30, 2013 and 2012, the Company recorded compensation expense of $133 and $48, respectively, related to unvested restricted shares. During the nine months ended September 30, 2013 and 2012, the Company recorded compensation expense of $320 and $162, respectively, related to unvested restricted shares. As of September 30, 2013, total unrecognized compensation expense related to unvested restricted shares was $1,106, which is expected to be amortized over a weighted average term of 2.5 years. During the nine months ended September 30, 2013, the Company recorded $113 of additional compensation expense related to the accelerated vesting of nine restricted shares in conjunction with the resignation of its former Chief Accounting Officer. The total fair value of shares vested during the nine months ended September 30, 2013 was $139.
	Under the Company’s Independent Director Stock Option and Incentive Plan, as amended, each independent director has been granted options to acquire shares. As of September 30, 2013, options to purchase 84 shares of common stock had been granted, of which options to purchase one share had been exercised and options to purchase five shares had expired. As of September 30, 2012, options to purchase 70 shares of common stock had been granted, of which options to purchase one share had been exercised and none had expired.
	The Company calculates the per share weighted average grant date fair value of options using the Black-Scholes option pricing model utilizing certain assumptions regarding the expected dividend yield, risk-free interest rate, expected life and expected volatility rate. Compensation expense of $7 and $14 related to these stock options was recorded during the three months ended September 30, 2013 and 2012, respectively. Compensation expense of $22 and $41 related to these stock options was recorded during the nine months ended September 30, 2013 and 2012, respectively.

Mortgages_and_Notes_Payable

Mortgages and Notes Payable	9 Months Ended
Mortgages and Notes Payable	Sep. 30, 2013
Debt Disclosure [Abstract]	'
Mortgages and Notes Payable	'
	Mortgages and Notes Payable
	The following table summarizes the Company’s mortgages and notes payable:


		September 30,			December 31,
		2013			2012
	Fixed rate mortgages payable (a) (b)	$	1,697,617		$	2,078,162
	Fixed rate mortgages payable (a) (b)	$	1,697,617		$	2,078,162
	Variable rate construction loan	10,917			10,419
	Variable rate construction loan	10,917			10,419
	Mortgages payable	1,708,534			2,088,581
	Mortgages payable	1,708,534			2,088,581
	Discount, net of accumulated amortization	(1,109		)	(1,492		)
	Discount, net of accumulated amortization	(1,109		)	(1,492		)
	Mortgages payable, net	1,707,425			2,087,089
	Mortgages payable, net	1,707,425			2,087,089
	Notes payable	—			125,000
	Notes payable	—			125,000
	Mortgages and notes payable, net	$	1,707,425		$	2,212,089
	Mortgages and notes payable, net	$	1,707,425		$	2,212,089

	(a)	Includes $69,491 and $76,055 of variable rate mortgage debt that was swapped to a fixed rate as of September 30, 2013 and December 31, 2012, respectively.

	(b)	Excludes mortgages payable of $18,613 associated with two investment properties held for sale as of September 30, 2013.
	Mortgages Payable
	As of September 30, 2013, mortgages payable outstanding, excluding liabilities associated with investment properties held for sale, were $1,708,534 (excluding mortgage discount of $1,109, net of accumulated amortization) and had a weighted average interest rate of 6.13%. Of this amount, $1,697,617 had fixed rates ranging from 3.50% to 8.00% and a weighted average fixed rate of 6.15% at September 30, 2013. The weighted average interest rate for the fixed rate mortgages payable excludes the impact of the discount and capitalized loan fee amortization. The remaining $10,917 of mortgages payable represented a variable rate construction loan with an interest rate of 2.44% at September 30, 2013 based on a spread over London Interbank Offered Rate (LIBOR). Properties and the related tenant leases are pledged as collateral for the mortgage loans while a consolidated joint venture property and the related tenant leases are pledged as collateral for the construction loan. As of September 30, 2013, the Company’s outstanding mortgages payable had a weighted average years to maturity of 4.8 years.
	In the second quarter of 2010, the Company ceased making the monthly debt service payment on a $26,865 mortgage payable (University Square) that matured in July 2010. On June 17, 2013, the Company settled this matured mortgage payable and $8,618 of accrued interest for $7,250 plus a $1,902 restricted escrow that had been held by the lender and received debt forgiveness for the remaining amount outstanding on the mortgage of $19,615 and the remaining accrued interest balance of $6,716, resulting in a gain on debt extinguishment of $26,331. During the nine months ended September 30, 2013, the Company made mortgages payable repayments in the total amount of $326,347 (including $26 from condemnation proceeds which were paid directly to the lender and excluding scheduled principal payments related to amortizing loans of $15,970) and received forgiveness of mortgage debt of $19,615. The loans repaid during the nine months ended September 30, 2013 had either a fixed interest rate or a variable rate that was swapped to a fixed rate, and a weighted average interest rate of 6.30%.
	The majority of the Company’s mortgages payable require monthly payments of principal and interest, as well as reserves for real estate taxes and certain other costs. Although the mortgage loans obtained by the Company are generally non-recourse, occasionally the Company may guarantee all or a portion of the debt on a full-recourse basis. As of September 30, 2013, the Company had guaranteed $15,630 of the outstanding mortgage and construction loans with maturity dates ranging from December 16, 2013 through September 30, 2016 (see Note 14). At times, the Company has borrowed funds financed as part of a cross-collateralized package, with cross-default provisions, in order to enhance the financial benefits of a transaction. In those circumstances, one or more of the properties may secure the debt of another of the Company’s properties. Individual decisions regarding interest rates, loan-to-value, debt yield, fixed versus variable rate financing, term and related matters are often based on the condition of the financial markets at the time the debt is originated, which may vary from time to time.
	Some of the mortgage payable agreements include periodic reporting requirements and/or debt service coverage ratios which allow the lender to control property cash flow or require partial principal payments if the Company fails to meet such requirements. Management believes the Company was in compliance with such provisions as of September 30, 2013.
	Notes Payable
	Notes payable outstanding as of December 31, 2012 consisted of senior and junior mezzanine notes, which totaled $125,000 in aggregate and had a weighted average interest rate of 12.80%. These notes payable represented proceeds from a third party lender related to the debt refinancing transaction for IW JV 2009, LLC (IW JV), which is a wholly-owned entity as of September 30, 2013. The notes had fixed interest rates of 12.24% and 14.00%, respectively, were scheduled to mature on December 1, 2019 and were secured by 100% of the Company’s equity interest in the IW JV investment properties. On February 1, 2013, the Company repaid the entire balance of the IW JV senior and junior mezzanine notes. The Company paid a 5% prepayment fee totaling $6,250 and wrote off $2,492 of loan fees related to the prepayment, both of which are included within “Interest expense” in the condensed consolidated statements of operations and other comprehensive loss.
	Debt Maturities
	The following table shows the scheduled maturities and required principal payments of the Company’s mortgages payable and unsecured credit facility (as described in Note 7) as of September 30, 2013 for the remainder of 2013, each of the next four years and thereafter and does not reflect the impact of any debt activity that occurred after September 30, 2013:


		2013			2014			2015			2016			2017			Thereafter			Total
	Debt (a):
	Fixed rate debt:
	Mortgages payable (b)	$	65,479		$	53,364		$	439,959		$	37,823		$	285,617		$	815,375		$	1,697,617
	Mortgages payable (b)	$	65,479		$	53,364		$	439,959		$	37,823		$	285,617		$	815,375		$	1,697,617
	Unsecured credit facility - fixed rate portion of term loan (c)	—			—			—			—			—			300,000			300,000
		—			—			—			—			—			300,000			300,000
	Total fixed rate debt	65,479			53,364			439,959			37,823			285,617			1,115,375			1,997,617
	Total fixed rate debt	65,479			53,364			439,959			37,823			285,617			1,115,375			1,997,617

	Variable rate debt:
	Mortgages payable	—			10,917			—			—			—			—			10,917
	Mortgages payable	—			10,917			—			—			—			—			10,917
	Unsecured credit facility	—			—			—			—			165,000			150,000			315,000
	Unsecured credit facility	—			—			—			—			165,000			150,000			315,000
	Total variable rate debt	—			10,917			—			—			165,000			150,000			325,917
	Total variable rate debt	—			10,917			—			—			165,000			150,000			325,917
	Total debt (d)	$	65,479		$	64,281		$	439,959		$	37,823		$	450,617		$	1,265,375		$	2,323,534
	Total debt (d)	$	65,479		$	64,281		$	439,959		$	37,823		$	450,617		$	1,265,375		$	2,323,534

	Weighted average interest rate on debt:
	Fixed rate debt	4.63		%	6.21		%	5.79		%	6.22		%	5.73		%	5.36		%	5.53		%
	Variable rate debt	—			2.44		%	—			—			1.69		%	1.64		%	1.69		%
	Variable rate debt	—			2.44		%	—			—			1.69		%	1.64		%	1.69		%
	Total	4.63		%	5.57		%	5.79		%	6.22		%	4.25		%	4.92		%	4.99		%

	(a)	The debt maturity table does not include mortgage discount of $1,109, net of accumulated amortization, which was outstanding as of September 30, 2013.

(b)	Includes $69,491 of variable rate mortgage debt that was swapped to a fixed rate.

(c)	In July 2012, the Company entered into an interest rate swap transaction to convert the variable rate portion of $300,000 of LIBOR-based debt to a fixed rate through February 24, 2016. The swap effectively converts one-month floating rate LIBOR to a fixed rate of 0.53875% over the term of the swap.

(d)	As of September 30, 2013, the weighted average years to maturity of consolidated indebtedness was 4.7 years.
The Company plans on addressing its mortgages payable maturities by using proceeds from its amended credit facility, asset sales and capital markets transactions.

Credit_Facility

Credit Facility	9 Months Ended
Credit Facility	Sep. 30, 2013
Line of Credit Facility [Abstract]	'
Credit Facility	'
	Credit Facility
	On May 13, 2013, the Company entered into its third amended and restated unsecured credit agreement with a syndicate of financial institutions led by KeyBank National Association and Wells Fargo Securities LLC to provide for an unsecured credit facility aggregating $1,000,000. The third amended and restated credit facility consists of a $550,000 unsecured revolving line of credit and a $450,000 unsecured term loan (collectively, the credit facility). The Company has the ability to increase available borrowings up to $1,450,000 in certain circumstances. The unsecured revolving line of credit matures on May 12, 2017 and the unsecured term loan matures on May 11, 2018. The Company has a one year extension option on the unsecured revolving line of credit which it may exercise as long as it is in compliance with the terms of the credit agreement and it pays an extension fee equal to 0.15% of the commitment amount being extended.
	The credit facility is priced on a leverage grid at a rate of LIBOR plus a margin ranging from 1.50% to 2.05% for the revolving line of credit and LIBOR plus a margin ranging from 1.45% to 2.00% for the unsecured term loan, along with quarterly unused fees ranging from 0.25% to 0.30% depending on the undrawn amount. In the event the Company becomes investment grade rated, the pricing on the credit facility will be determined based on an investment grade pricing grid with the interest rate equal to LIBOR plus a margin ranging from 0.90% to 1.70% for the unsecured revolving line of credit and LIBOR plus a margin ranging from 1.05% to 2.05% for the unsecured term loan, plus a facility fee ranging from 0.15% to 0.35% depending on the Company's credit rating.
	Pursuant to the terms of the unsecured credit agreement, the Company is subject to various covenants, including the requirement to maintain the following: (i) maximum unsecured and secured leverage ratios; (ii) minimum fixed charge and unencumbered interest coverage ratios; and (iii) a minimum consolidated net worth. As of September 30, 2013, management believes the Company was in compliance with all of the covenants and default provisions under the credit agreement.
	The Company has an interest rate swap with one of the financial institutions associated with the unsecured credit facility to convert the variable rate portion of $300,000 of LIBOR-based debt to a fixed rate of 0.53875% through February 24, 2016. As of September 30, 2013, the weighted average interest rate on the unsecured revolving line of credit was 1.69% and the weighted average interest rate on the term loan was 1.87%. Upon closing the amended credit agreement, the Company borrowed the full amount of the term loan. As of September 30, 2013, the Company had borrowed $165,000 under the revolving line of credit.
	The Company previously had a $650,000 unsecured credit facility that consisted of a $350,000 unsecured revolving line of credit and a $300,000 unsecured term loan. The previous unsecured credit facility bore interest at a rate of LIBOR plus a margin ranging from 1.75% to 2.50% and was scheduled to mature on February 24, 2015 for the revolving line of credit and February 24, 2016 for the term loan.

Derivative_Instruments

Derivative Instruments

9 Months Ended

Sep. 30, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments

The Company’s objective in using interest rate derivatives is to manage its exposure to interest rate movements and add stability to interest expense. To accomplish this objective, the Company uses interest rate swaps as part of its interest rate risk management strategy. 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 agreement without exchange of the underlying notional amount.

The Company utilizes three interest rate swaps to hedge the variable cash flows associated with variable rate debt. The effective portion of changes in fair value of the derivatives that are designated and that qualify as cash flow hedges is recorded in “Accumulated other comprehensive loss” and is subsequently reclassified to interest expense as interest payments are made on the Company’s variable rate debt. Over the next 12 months, the Company estimates that an additional $1,125 will be reclassified as an increase to interest expense. The ineffective portion of the change in fair value of the derivatives is recognized directly in earnings.

During the nine months ended September 30, 2013, the Company repaid a $6,405 variable rate mortgage payable that had previously been swapped to a fixed rate in accordance with its scheduled maturity date and terminated the associated interest rate swap. The Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk:

Number of Instruments

Notional

Interest Rate Derivatives

September 30,

December 31,

September 30,

December 31,

2013

2012

2013

2012

Interest rate swap

369,491

376,055

The table below presents the estimated fair value of the Company’s derivative financial instruments as well as their classification in the condensed consolidated balance sheets. The valuation techniques utilized are described in Note 13 to the condensed consolidated financial statements.

Derivatives

September 30, 2013

December 31, 2012

Balance Sheet Location

Fair

Balance Sheet

Fair

Value

Location

Value

Derivatives designated as cash flow hedges:

Interest rate swaps

Other liabilities

1,022

Other liabilities

2,783

The table below presents the effect of the Company’s derivative financial instruments in the condensed consolidated statements of operations and other comprehensive loss.

Derivatives in

Amount of Loss

Location of Loss

Amount of Loss

Location of

Amount of (Gain) Loss

Cash Flow

Recognized in Other Comprehensive Income

Reclassified from

(Gain) Loss

Recognized in Income on

Hedging

on Derivative

AOCI into Income

Recognized In

Derivative

Relationships

(Effective Portion)

Income on Derivative

(Ineffective Portion and

(Ineffective Portion and Amount Excluded from

Amount Excluded from

Effectiveness Testing)

Interest rate swaps

Three Months Ended

Nine Months Ended

Three Months Ended

Nine Months Ended

Three Months Ended

Nine Months Ended

September 30,

2013

1,209

1,113

Interest expense

504

1,509

Other income, net

(891

)

2012

1,430

1,629

Interest expense

449

1,038

Other income, net

157

467

Investment_in_Unconsolidated_J

Investment in Unconsolidated Joint Ventures	9 Months Ended
	Sep. 30, 2013
Equity Method Investments and Joint Ventures [Abstract]	'
Investment in Unconsolidated Joint Ventures	'
	Investment in Unconsolidated Joint Ventures
	Investment Summary
	The following table summarizes the Company’s investments in unconsolidated joint ventures:


					Ownership Interest						Investment at
	Joint Venture		Date of		September 30,			December 31,			September 30,				December 31,
			Investment		2013			2012			2013				2012
	MS Inland Fund, LLC (a)		4/27/07		20	%		20	%		$	7,083			$	8,334

	Hampton Retail Colorado, L.L.C. (b)		8/31/07		—	%		95.9	%		—				124

	RioCan (c)		9/30/10		20	%		20	%		41,523				39,468

	Oak Property and Casualty LLC (d)		10/1/06		20	%		25	%		7,126				8,946

											$	55,732			$	56,872


	(a)	The MS Inland Fund, LLC (MS Inland) joint venture was formed with a large state pension fund; the Company is the managing member of the venture and earns fees for providing property management, acquisition and leasing services.

	(b)	On May 6, 2013, the Hampton Retail Colorado, L.L.C. (Hampton) joint venture sold its one remaining property and, as of September 30, 2013, the Hampton joint venture has been dissolved.

	(c)	The RioCan joint venture was formed with a wholly-owned subsidiary of RioCan Real Estate Investment Trust, a REIT based in Canada. A subsidiary of the Company is the general partner of the joint venture and earns fees for providing property management, asset management and other customary services. On October 1, 2013, the Company dissolved its joint venture arrangement with its partner in RioCan.

	(d)	Oak Property & Casualty LLC (the Captive) is an insurance association owned by the Company and four other unaffiliated parties. The Captive was formed to insure/reimburse the members’ deductible obligations for property and general liability insurance claims subject to certain limitations. The Company entered into the Captive to stabilize insurance costs, manage exposures and recoup expenses through the function of the Captive.
	The Company has the ability to exercise significant influence, but does not have financial or operating control over these investments, and as a result the Company accounts for these investments pursuant to the equity method of accounting. Under the equity method of accounting, the net equity investment of the Company is reflected in the accompanying condensed consolidated balance sheets and the accompanying condensed consolidated statements of operations and other comprehensive loss includes the Company’s share of net income or loss from each unconsolidated joint venture. Distributions from these investments that are related to income from operations are included as operating activities and distributions that are related to capital transactions are included in investing activities in the Company’s condensed consolidated statements of cash flows.
	Combined condensed financial information of these joint ventures (at 100%) is summarized as follows:


			As of September 30, 2013
			RioCan				Hampton				Other Joint Ventures				Combined Condensed Total
	Assets
	Real estate assets		$	343,342			$	—			$	270,557			$	613,899

	Less accumulated depreciation		(23,355		)		—				(50,607		)		(73,962		)

	Real estate, net		319,987				—				219,950				539,937


	Assets associated with investment properties held for sale		104,592				—				—				104,592

	Other assets, net		101,973				—				42,518				144,491

	Total assets		$	526,552			$	—			$	262,468			$	789,020


	Liabilities
	Mortgage debt		$	208,639			$	—			$	142,771			$	351,410

	Liabilities associated with investment properties held for sale		71,938				—				—				71,938

	Other liabilities, net		29,228				—				16,551				45,779

	Total liabilities		309,805				—				159,322				469,127


	Total equity		216,747				—				103,146				319,893

	Total liabilities and equity		$	526,552			$	—			$	262,468			$	789,020



		As of December 31, 2012
		RioCan				Hampton				Other Joint Ventures				Combined Condensed Total
Assets
Real estate assets		$	434,704			$	14,326			$	270,386			$	719,416

Less accumulated depreciation		(19,287		)		(2,286		)		(44,554		)		(66,127		)
Real estate, net		415,417				12,040				225,832				653,289


Other assets, net		148,511				1,285				49,658				199,454

Total assets		$	563,928			$	13,325			$	275,490			$	852,743


Liabilities
Mortgage debt		$	312,844			$	14,828			$	143,450			$	471,122

Other liabilities, net		50,076				300				22,960				73,336

Total liabilities		362,920				15,128				166,410				544,458


Total equity (deficit)		201,008				(1,803		)		109,080				308,285

Total liabilities and equity		$	563,928			$	13,325			$	275,490			$	852,743



		Three Months Ended September 30,
		RioCan								Hampton								Other Joint Ventures						Combined Condensed Total
		2013				2012				2013				2012				2013			2012			2013			2012
Revenues:
Property related income		$	12,036			$	11,900			$	—			$	—			$	6,957		$	6,667		$	18,993		$	18,567

Other income		—				—				—				—				2,070			1,906			2,070			1,906

Total revenues		12,036				11,900				—				—				9,027			8,573			21,063			20,473


Expenses:
Property operating expenses		1,699				1,797				—				—				912			777			2,611			2,574

Real estate taxes		2,155				1,935				—				—				1,268			1,286			3,423			3,221

Depreciation and amortization		6,767				7,942				—				—				2,422			2,602			9,189			10,544

Loss on lease terminations		4				924				—				—				(22		)	9			(18		)	933

General and administrative expenses		163				176				—				7				107			96			270			279

Interest expense, net		2,219				2,514				—				(105		)		1,783			2,023			4,002			4,432

Other (income) expense, net		(4,442		)		(14		)		—				—				604			2,607			(3,838		)	2,593

Total expenses		8,565				15,274				—				(98		)		7,074			9,400			15,639			24,576


Income (loss) from continuing operations		3,471				(3,374		)		—				98				1,953			(827		)	5,424			(4,103		)

(Loss) income from discontinued operations		(206		)		1,607				—				63				2			(2,224		)	(204		)	(554		)

Gain on sales of investment properties - discontinued operations		—				—				—				—				—			149			—			149

Net income (loss)		$	3,265			$	(1,767	)		$	—			$	161			$	1,955		$	(2,902	)	$	5,220		$	(4,508	)



		Nine Months Ended September 30,
		RioCan								Hampton								Other Joint Ventures						Combined Condensed Total
		2013				2012				2013				2012				2013			2012			2013			2012
Revenues:
Property related income		$	36,758			$	35,878			$	—			$	—			$	20,894		$	20,545		$	57,652		$	56,423

Other income		—				—				—				—				6,144			5,837			6,144			5,837

Total revenues		36,758				35,878				—				—				27,038			26,382			63,796			62,260


Expenses:
Property operating expenses		5,001				5,284				—				—				2,635			3,366			7,636			8,650

Real estate taxes		6,187				5,742				—				—				3,935			4,061			10,122			9,803

Depreciation and amortization		21,128				24,274				—				—				7,314			7,791			28,442			32,065

Loss on lease terminations		836				1,629				—				—				(6		)	326			830			1,955

General and administrative expenses		457				830				6				27				357			282			820			1,139

Interest expense, net		7,033				7,556				(1,758		)		(224		)		5,349			6,060			10,624			13,392

Other (income) expense, net		(4,436		)		823				(13		)		—				4,479			5,358			30			6,181

Total expenses		36,206				46,138				(1,765		)		(197		)		24,063			27,244			58,504			73,185


Income (loss) from continuing operations		552				(10,260		)		1,765				197				2,975			(862		)	5,292			(10,925		)

(Loss) income from discontinued operations		(1,026		)		(1,607		)		(117		)		(1,426		)		52			(195		)	(1,091		)	(3,228		)

Gain on sales of investment properties - discontinued operations		—				—				1,019				—				—			2,593			1,019			2,593

Net (loss) income		$	(474	)		$	(11,867	)		$	2,667			$	(1,229	)		$	3,027		$	1,536		$	5,220		$	(11,560	)

Profits, Losses and Capital Activity
The following table summarizes the Company’s share of net income (loss) as well as net cash distributions from (contributions to) each unconsolidated joint venture:


		The Company’s Share of Net Income (Loss) for the								Net Cash Distributions								Fees Earned by the
		Three Months Ended September 30,								from/(Contributions to)								Company for the
										Joint Ventures for the								Three Months Ended September 30,
										Three Months Ended September 30,
Joint Venture		2013				2012				2013				2012				2013			2012
MS Inland		$	163			$	2			$	490			$	370			$	204		$	188

Hampton (a)		—				—				—				16				—			—

RioCan		290				(672		)		(3,405		)		682				523			512

Captive		(348		)		(1,252		)		—				—				—			—

		$	105			$	(1,922	)		$	(2,915	)		$	1,068			$	727		$	700



		The Company’s Share of Net Income (Loss) for the								Net Cash Distributions								Fees Earned by the
		Nine Months Ended								from/(Contributions to)								Company for the
		September 30,								Joint Ventures for the								Nine Months Ended
										Nine Months Ended								September 30,
										September 30,
Joint Venture		2013				2012				2013				2012				2013			2012
MS Inland		$	475			$	(122	)		$	1,943			$	3,761			$	622		$	618

Hampton (a)		2,576				(1,092		)	(b)	855				53				1			2

RioCan		(176		)		(1,815		)		(2,394		)		10,224				1,648			1,559

Captive		(1,821		)		(2,577		)		—				(193		)		—			—

		$	1,054			$	(5,606	)		$	404			$	13,845			$	2,271		$	2,179


(a)	During the nine months ended September 30, 2013, Hampton determined that the carrying value of certain of its assets was not recoverable and, accordingly, recorded property level impairment charges in the amount of $298, of which the Company’s share was $286. During the three and nine months ended September 30, 2012, Hampton recorded impairment charges in the amounts of $71 and $1,593, of which the Company’s share was $68 and $1,527, respectively. The joint venture’s estimates of fair value relating to these impairment assessments were based upon bona fide purchase offers.

(b)	During the nine months ended September 30, 2012, the Company’s share of net losses realized by and distributions received from the venture since its inception exceeded the carrying amount of the Company’s investment in Hampton. At such point, application of the equity method of accounting was discontinued and through September 30, 2012, $88, representing the Company’s share of losses in excess of its investment in Hampton, was not recorded in the Company’s condensed consolidated financial statements. Due to income realized by Hampton for the period between April 1, 2012 and December 31, 2012, application of the equity method of accounting was re-established for this investment prior to December 31, 2012.
In addition to the Company’s share of net income (loss) for each unconsolidated joint venture, amortization of basis differences resulting from the Company’s previous contributions of investment properties to its unconsolidated joint ventures is recorded within “Equity in loss of unconsolidated joint ventures, net” in the condensed consolidated statements of operations and other comprehensive loss. Such basis differences resulted from the differences between the historical cost net book values and fair values of the contributed properties and are amortized over the depreciable lives of the joint ventures’ property assets. The Company recorded amortization of $21 and $59 during the three months ended September 30, 2013 and 2012, respectively, related to these differences. The Company recorded amortization of $44 and $139 related to these differences during the nine months ended September 30, 2013 and 2012, respectively.
The Company’s investments in unconsolidated joint ventures are reviewed for potential impairment, in addition to impairment evaluations of the individual assets underlying these investments, whenever events or changes in circumstances warrant such an evaluation. To determine whether impairment, if any, is other-than-temporary, the Company considers whether it has the ability and intent to hold the investment until the carrying value is fully recovered. As a result of such evaluations, impairment charges of $1,834 were recorded during the nine months ended September 30, 2013 to write down the carrying value of the Company’s investment in Hampton. No impairment charges were recorded during the nine months ended September 30, 2012.
Acquisitions and Dispositions
During the nine months ended September 30, 2013, none of the Company’s unconsolidated joint ventures acquired any investment properties.
During the nine months ended September 30, 2013, Hampton sold the two remaining properties in its portfolio. Such transactions aggregated a combined sales price of $13,300, resulting in a gain on sale of $1,019 on one of the properties. Proceeds from the sales were used to pay down the entire $12,631 balance of the joint venture’s outstanding debt. As of September 30, 2013, no properties remained in the Hampton joint venture and the venture has been dissolved.
On October 1, 2013, the Company dissolved its joint venture arrangement with its partner in RioCan as follows:

•	The Company acquired its partner’s 80% ownership interest in five properties owned by the joint venture. The properties have a fair value of approximately $124,800, with the Company’s partner’s interest valued at approximately $99,900. The Company paid total cash consideration of approximately $45,500 before transaction costs and prorations and after assumption of the joint venture’s in-place mortgage financing on those properties of $67,900 at a weighted average interest rate of 4.8%. The Company expects to recognize a gain of $5,435 in the fourth quarter of 2013 upon meeting all applicable sales criteria as a result of remeasuring the carrying value of its 20% equity interest in the five acquired properties to fair value; and

•	The Company sold to its partner its 20% ownership interest in the remaining eight properties owned by the joint venture. The properties have a fair value of approximately $477,500, with the Company’s 20% interest valued at $95,500. The Company received cash consideration of approximately $53,700 before transaction costs and prorations and after the partner assumed the joint venture’s in-place mortgage financing on those properties of $209,200 at a weighted average interest rate of 3.7%. The Company expects to recognize a $17,218 gain on sale of its equity interest in the fourth quarter of 2013 as a result of the transaction upon meeting all applicable sales criteria.

Equity

Equity	9 Months Ended
	Sep. 30, 2013
Stockholders' Equity Note [Abstract]	'
Equity	'
	Equity
	In March 2012, the Company completed a recapitalization of its then outstanding common stock through a ten-to-one reverse stock split and redesignation of all of its common stock as Class A common stock. The Company then paid a stock dividend pursuant to which each then outstanding share of its Class A common stock received one share of each of its Class B-1, Class B-2 and Class B-3 common stock.
	The Company listed its Class A common stock on the New York Stock Exchange (NYSE) on April 5, 2012 under the symbol RPAI. The Company’s Class B common stock is identical to the Company’s Class A common stock except that (i) the Company does not intend to list its Class B common stock on a national securities exchange and (ii) shares of the Company’s Class B common stock have automatically converted into shares of the Company’s Class A common stock at specified times, as follows:

	•	October 5, 2012, in the case of Class B-1 common stock;

	•	April 5, 2013, in the case of Class B-2 common stock; and

	•	October 5, 2013, in the case of Class B-3 common stock.
	On December 20, 2012, the Company issued 5,400 shares of 7.00% Series A cumulative redeemable preferred stock (Series A preferred stock) at a price of $25.00 per share in an underwritten public offering pursuant to an effective registration statement. The Company retained aggregate net proceeds of $130,289, after the underwriting discount and offering costs. Dividends on the Series A preferred stock are cumulative and payable quarterly in arrears at the rate of 7.00% per annum based on the $25.00 per share offering price, or $1.75 per annum. On or after five years from the date of issuance (or sooner under limited circumstances), the Company may, at its option, redeem the Series A preferred stock, in whole or in part, at any time or from time to time, for cash at a redemption price of $25.00 per share, plus any accrued and unpaid dividends to, but excluding, the redemption date. The Series A preferred stock has no maturity date and will remain outstanding indefinitely unless redeemed by the Company. The Company used the net proceeds from the offering to repay the $125,000 IW JV senior and junior mezzanine notes and the associated prepayment premium of $6,250 on February 1, 2013. These notes had a weighted average interest rate of 12.80%. See Note 6 for further discussion.
	On March 7, 2013, the Company established an at-the-market (ATM) equity program under which it may sell shares of its Class A common stock, having an aggregate offering price of up to $200,000, from time to time. Actual sales may depend on a variety of factors, including, among others, market conditions and the trading price of the Company’s Class A common stock. The net proceeds are expected to be used for general corporate purposes, which may include repaying debt, including the Company's revolving line of credit, and funding acquisitions.
	The following table presents activity under the Company’s ATM equity program:


			Number of common shares sold	Total net consideration		Average price per share
	First quarter 2013		56	$	688	$	14.94

	Second quarter 2013		5,491	$	82,839	$	15.3

	Third quarter 2013		—	$	—	$	—

	Year to date September 30, 2013		5,547	$	83,527	$	15.29

	As of September 30, 2013, the Company had common shares having an aggregate offering price of up to $115,165 remaining available for sale under its ATM equity program.

Earnings_per_Share

Earnings per Share	9 Months Ended
	Sep. 30, 2013
Earnings Per Share [Abstract]	'
Earnings per Share	'
	Earnings per Share
	The following is a reconciliation between weighted average shares used in the basic and diluted earnings per share (EPS) calculations, excluding amounts attributable to noncontrolling interests:


			Three Months Ended September 30,								Nine Months Ended September 30,
			2013				2012				2013				2012
	Numerator:

	Loss from continuing operations		$	(39,389	)		$	(2,918	)		$	(38,014	)		$	(15,441	)

	Gain on sales of investment properties		1,150				1,650				8,802				6,652

	Preferred stock dividends		(2,362		)		—				(7,087		)		—

	Loss from continuing operations attributable to		(40,601		)		(1,268		)		(36,299		)		(8,789		)
	common shareholders
	Income (loss) from discontinued operations		687				(14,684		)		5,751				(5,775		)

	Net loss attributable to common shareholders		(39,914		)		(15,952		)		(30,548		)		(14,564		)

	Distributions paid on unvested restricted shares		(18		)		(7		)		(41		)		(17		)

	Net loss attributable to common shareholders excluding amounts attributable to unvested restricted shares		$	(39,932	)		$	(15,959	)		$	(30,589	)		$	(14,581	)



	Denominator:

	Denominator for earnings (loss) per common share — basic:
	Weighted average number of common shares outstanding		236,151			(a)	230,597			(b)	233,462			(a)	217,087			(b)

	Effect of dilutive securities — stock options		—			(c)	—			(c)	—			(c)	—			(c)

	Denominator for earnings (loss) per common share — diluted:

	Weighted average number of common and common equivalent shares outstanding		236,151				230,597				233,462				217,087


	(a)	Excluded from these weighted average amounts are 109 shares of restricted common stock, which equate to 109 and 93 shares, respectively, on a weighted average basis for the three and nine months ended September 30, 2013. These shares will continue to be excluded from the computation of basic EPS until contingencies are resolved and the shares are released.

	(b)	Excluded from these weighted average amounts are 46 shares of restricted common stock, which equate to 46 and 37 shares, respectively, on a weighted average basis for the three and nine months ended September 30, 2012. These shares will continue to be excluded from the computation of basic EPS until contingencies are resolved and the shares are released.

	(c)	Outstanding options to purchase shares of common stock, the effect of which would be anti-dilutive, were 78 and 69 shares as of September 30, 2013 and 2012, respectively, at a weighted average exercise price of $19.10 and $20.83, respectively.

Provision_for_Impairment_of_In

Provision for Impairment of Investment Properties

9 Months Ended

Sep. 30, 2013

Impairment or Disposal of Tangible Assets Disclosure [Abstract]

Provision for Impairment of Investment Properties

As of September 30, 2013, the Company identified certain indicators of impairment for 18 of its properties, five of which were classified as held for sale as of September 30, 2013. Such indicators included a low occupancy rate, difficulty in leasing space and related cost of re-leasing, reduced anticipated holding periods or financially troubled tenants. The Company performed cash flow analyses during the nine months ended September 30, 2013 and determined it necessary to record impairment charges to write down the carrying value of its investment in four properties, two of which were classified as held for sale as of September 30, 2013, and are, therefore, accounted for within discontinued operations. For the remaining 11 properties classified within continuing operations, with identified impairment indicators, the Company determined that the projected undiscounted cash flows based upon the estimated holding period for each asset exceeded their respective carrying value by a weighted average of 25%.

As part of its analyses performed during the nine months ended September 30, 2012, the Company identified certain indicators of impairment at 19 of its properties, 13 of which were either sold or held for sale as of September 30, 2013. The Company performed cash flow analyses during the nine months ended September 30, 2012 and determined that the carrying value exceeded the projected undiscounted cash flows based upon the estimated holding period for certain assets with identified impairment indicators. Therefore, the Company recorded impairment charges related to these properties consisting of the excess carrying value of the assets over the estimated fair value within the accompanying condensed consolidated statements of operations and other comprehensive loss. For the remaining six properties with identified impairment indicators, the Company determined that the projected undiscounted cash flows based upon the estimated holding period for each asset exceeded their respective carrying value by a weighted average of 48%.

The investment property impairment charges recorded by the Company during the nine months ended September 30, 2013 are summarized below:

Property Name

Property Type

Impairment Date

Approximate

Provision for

Square

Impairment of

Footage

Investment

Properties

University Square (a)

Multi-tenant retail

30-Jun-13

287,000

6,694

Aon Hewitt East Campus (b)

Single-user office

30-Sep-13

343,000

27,183

Shops at 5 (c)

Multi-tenant retail

30-Sep-13

421,700

20,601

54,478

Discontinued Operations:

Raytheon Facility (d)

Single-user office

Various

105,000

2,518

Preston Trail Village (e)

Multi-tenant retail

30-Sep-13

180,000

1,939

Rite Aid - Atlanta (e)

Single-user retail

30-Sep-13

10,900

205

4,662

Total

59,140

Estimated fair value of impaired properties

77,853

(a)

The Company recorded an impairment charge upon re-evaluating the strategic alternatives for the property. See Note 13 for further discussion.

(b)

The Company recorded an impairment charge based upon the terms and conditions of a bona fide purchase offer received from an unaffiliated third party.

(c)

The Company recorded an impairment charge based upon the terms and conditions of a negotiated sales contract with an unaffiliated third party.

(d)

The Company recorded an impairment charge of $2,482 during the second quarter of 2013 and an additional impairment charge of $36 at the date of disposition during the third quarter of 2013.

(e)

These properties are classified as held for sale as of September 30, 2013. The Company recorded impairment charges calculated based upon an estimated fair value equal to expected sales prices from executed sales agreements less estimated transaction costs.

The investment property impairment charges recorded by the Company during the nine months ended September 30, 2012 are summarized below:

Property Name

Property Type

Impairment Date

Approximate

Provision for

Square

Impairment of

Footage

Investment

Properties

Towson Circle

Land parcel

June 25, 2012

n/a (a)

1,323

Discontinued Operations:

Various (b)

Single-user retail

18-Sep-12

1,000,400

1,100

Various (c)

Multi-tenant retail

25-Sep-12

132,600

5,528

Mervyns - McAllen

Single-user retail

30-Sep-12

78,000

2,950

Mervyns - Bakersfield

Single-user retail

30-Sep-12

75,100

Pro's Ranch Market

Single-user retail

30-Sep-12

75,500

2,694

American Express - Phoenix

Single-user office

30-Sep-12

117,600

4,841

Mervyns - Ridgecrest

Single-user retail

30-Sep-12

59,000

305

Dick's Sporting Goods - Fresno

Single-user retail

30-Sep-12

77,400

2,488

Mervyn's - Highland

Single-user retail

30-Sep-12

80,500

2,223

22,167

Total

23,490

Estimated fair value of impaired properties

152,231

(a)

The Company sold a parcel of land to an unaffiliated third party for which the allocated carrying value was $1,323 greater than the sales price. Such disposition did not qualify for discontinued operations accounting treatment.

(b)

During September 2012, the Company recorded an impairment charge in conjunction with the sale of 13 former Mervyns properties located throughout California based upon the sales price less transaction costs.

(c)

During September 2012, the Company recorded an impairment charge in conjunction with the sale of three multi-tenant retail properties located near Dallas, Texas based upon the sales price less transaction costs.

The Company can provide no assurance that material impairment charges with respect to the Company’s investment properties will not occur in future periods.

Fair_Value_Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2013
Fair Value Disclosures [Abstract]	'
Fair Value Measurements	'
	Fair Value Measurements
	Fair Value of Financial Instruments
	The following table presents the carrying value and estimated fair value of the Company’s financial instruments.


		September 30, 2013						December 31, 2012
		Carrying			Fair Value			Carrying			Fair Value
		Value						Value
	Financial liabilities:
	Mortgages and notes payable, net	$	1,707,425		$	1,863,903		$	2,212,089		$	2,401,883

	Credit facility	$	615,000		$	615,000		$	380,000		$	382,723

	Derivative liability	$	1,022		$	1,022		$	2,783		$	2,783

	The carrying values of mortgages and notes payable, net shown in the table are included in the condensed consolidated balance sheets under the indicated caption. Credit facility is comprised of the “Unsecured term loan” and the “Unsecured revolving line of credit” and derivative liability is included in “Other liabilities” in the condensed consolidated balance sheets.
	Recurring Fair Value Measurements
	The following table presents the Company’s financial instruments, which are measured at fair value on a recurring basis, by the level in the fair value hierarchy within which those measurements fall. Methods and assumptions used to estimate the fair value of these instruments are described after the table.


		Level 1			Level 2			Level 3			Total
	September 30, 2013
	Derivative liability	$	—		$	1,022		$	—		$	1,022


	December 31, 2012
	Derivative liability	$	—		$	2,783		$	—		$	2,783

	Derivatives: The fair value of the derivative liability is determined using a discounted cash flow analysis on the expected future cash flows of each derivative. This analysis utilizes observable market data including forward yield curves and implied volatilities to determine the market’s expectation of the future cash flows of the variable component. The fixed and variable components of the derivative are then discounted using calculated discount factors developed based on the LIBOR swap rate and are aggregated to arrive at a single valuation for the period. The Company also 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 itself and its counterparties. However, as of September 30, 2013 and December 31, 2012, 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 are not significant to the overall valuation. As a result, the Company has determined that its derivative valuations in their entirety are classified within Level 2 of the fair value hierarchy. In adjusting the fair value of its derivative contracts for the effect of nonperformance risk, the Company has considered any applicable credit enhancements. The Company’s derivative instruments are further described in Note 8.
	Nonrecurring Fair Value Measurements
	The following table presents the Company’s assets measured on a nonrecurring basis at September 30, 2013 and December 31, 2012, aggregated by the level within the fair value hierarchy in which those measurements fall. Methods and assumptions used to estimate the fair value of these assets are described after the table.


		Level 1			Level 2			Level 3			Total		Provision for
													Impairment (a)
	September 30, 2013
	Investment properties (b)	$	—		$	29,000		$	18,000		$	47,000	$	54,478

	Investment properties - held for sale (c)	$	—		$	19,562		$	—		$	19,562	$	2,144


	December 31, 2012
	Investment properties - held for sale (d)	$	—		$	9,133		$	—		$	9,133	$	6,901


	(a)	Excludes impairment charges recorded on investment properties sold prior to September 30, 2013 and December 31, 2012, respectively. Additionally, excludes joint venture investment impairment charges recorded on the Company’s Hampton joint venture as the September 30, 2013 investment balance is $0 following receipt of the final distribution for the venture.

	(b)	Includes impairment charges to write down the carrying value of the Company’s Shops at 5, Aon Hewitt and University Square investment properties to estimated fair value. The estimated fair value of Shops at 5 of $29,000 was based upon a negotiated sales agreement with an unaffiliated third party (a Level 2 measurement). The estimated fair value of Aon Hewitt of $18,000 was based upon a bona fide purchase offer received by the Company from an unaffiliated third party (a Level 3 measurement). The estimated fair value of University Square of $0 was based upon consideration of the current and projected operating losses (a Level 3 measurement) that will continue to be realized through ownership of the property. As of the impairment date, management did not believe a willing market participant would pay greater than $0 to acquire the property in an arm’s length transaction without substantial modification to existing agreements.

	(c)	Includes impairment charges for two investment properties classified as held for sale as of September 30, 2013; such charges, calculated as the expected sales prices from executed sales agreements less estimated transaction costs, were determined to be Level 2 inputs. The estimated transaction costs totaling $335 are not reflected as a reduction to the fair value disclosed in the table above.

	(d)	Includes impairment charges recorded during 2012 for three investment properties classified as held for sale as of December 31, 2012; such charges, calculated as the expected sales prices from executed sales agreements less estimated transaction costs, were determined to be Level 2 inputs. The estimated transaction costs totaling $197 are not reflected as a reduction to the fair value disclosed in the table above.
	Fair Value Disclosures
	The following table presents the Company’s financial liabilities, which are measured at fair value for disclosure purposes, by the level in the fair value hierarchy within which they fall. Methods and assumptions used to estimate the fair value of these instruments are described after the table.


		Level 1			Level 2			Level 3			Total
	September 30, 2013
	Mortgages and notes payable, net	$	—		$	—		$	1,863,903		$	1,863,903

	Credit facility	$	—		$	—		$	615,000		$	615,000


December 31, 2012
Mortgages and notes payable, net	$	—		$	—		$	2,401,883		$	2,401,883

Credit facility	$	—		$	—		$	382,723		$	382,723

Mortgages and notes payable, net: The Company estimates the fair value of its mortgages and notes payable by discounting the future cash flows of each instrument at rates currently offered to the Company for similar debt instruments of comparable maturities by the Company’s lenders. The rates used are not directly observable in the marketplace and judgment is used in determining the appropriate rate for each of the Company’s individual mortgages and notes payable based upon the specific terms of the agreement, including the term to maturity, the quality and nature of the underlying property and its leverage ratio. The rates used range from 2.4% to 5.0% and 2.5% to 4.5% at September 30, 2013 and December 31, 2012, respectively.
Credit facility: The Company estimates the fair value of its credit facility by discounting the future cash flows related to the fixed rate credit spreads at rates currently offered to the Company for comparable facilities by the Company’s lenders. The rates used are not directly observable in the marketplace and judgment is used in determining the appropriate rate. The Company used a discount rate of 1.5% at September 30, 2013 and 2.0% at December 31, 2012.
There were no transfers of liabilities between the levels of the fair value hierarchy during the nine months ended September 30, 2013.

Commitments_and_Contingencies

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Sep. 30, 2013
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies	'
	Commitments and Contingencies
	Although the mortgage loans obtained by the Company are generally non-recourse, occasionally the Company may guarantee all or a portion of the debt on a full-recourse basis. As of September 30, 2013, the Company has guaranteed $15,630 of its outstanding mortgage and construction loans, with maturity dates ranging from December 16, 2013 through September 30, 2016.

Litigation

Litigation	9 Months Ended
Litigation	Sep. 30, 2013
Litigation Disclosure [Abstract]	'
Legal Matters and Contingencies	'
	Litigation
	As previously disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012, in 2012, certain shareholders of the Company filed putative class action lawsuits against the Company and certain of its officers and directors, which are currently pending in the U.S. District Court in the Northern District of Illinois. The lawsuits allege, among other things, that the Company’s directors and officers breached their fiduciary duties to the shareholders and, as a result, unjustly enriched the Company and the individual defendants. The lawsuits further allege that the breaches of fiduciary duty led certain shareholders to acquire additional stock and caused the shareholders to suffer a loss in share value, all measured in some manner by reference to the Company’s 2012 offering price when it listed its shares on the NYSE. The lawsuits seek unspecified damages and other relief. Based on its initial review of the complaints, the Company believes the lawsuits to be without merit and intends to defend the actions vigorously. While the resolution of these matters cannot be predicted with certainty, management believes, based on currently available information, that the final outcomes of these matters will not have a material effect on the financial statements of the Company.
	On April 19, 2013, the defendants filed motions to dismiss the shareholder complaints, which remain pending before the court.
	The Company is subject, from time to time, to various legal proceedings and claims that arise in the ordinary course of business. While the resolution of such matters cannot be predicted with certainty, management believes, based on currently available information, that the final outcome of such matters will not have a material effect on the financial statements of the Company.

Subsequent_Events

Subsequent Events	9 Months Ended
	Sep. 30, 2013
Subsequent Events [Abstract]	'
Subsequent Events	'
	Subsequent Events
	Subsequent to September 30, 2013, the Company:

	•	drew $35,000, net of repayments, on its unsecured revolving line of credit and used the proceeds to repay mortgages payable with an aggregate balance of $24,066 and an interest rate of 6.39% and for general corporate purposes. The Company incurred a prepayment fee totaling $2,771 in conjunction with the repayment of these mortgages payable;

	•	closed on the sale of Stop & Shop - Beekman, a 40,400 square foot single-user retail property located in Hopewell Junction, New York for a sales price of $15,300 and anticipated gain on sale of approximately $5,364;

	•	closed on the sale of Duck Creek, a 134,200 square foot multi-tenant retail property located in Bettendorf, Iowa for a sales price of $19,700 and anticipated gain on sale of approximately $1,443;

	•	closed on the sale of University Square, a 287,100 square foot multi-tenant retail property located in University Heights, Ohio for a sales price of $175 and anticipated gain on extinguishment of other liabilities of approximately $3,511; and

	•	closed on the sale of Preston Trail Village, a 180,000 square foot multi-tenant retail property located in Dallas, Texas for a sales price of $17,955 and no significant gain or loss on sale due to impairment charges recognized on September 30, 2013.
	On October 1, 2013, the Company dissolved its joint venture arrangement with its partner in RioCan, which resulted in the Company’s acquisition of its partner’s 80% ownership interest in five properties. See Note 9 for further details of this transaction.
	On October 5, 2013, all 48,519 shares of the Company’s Class B-3 common stock automatically converted to shares of Class A common stock.
	On October 8, 2013, the Company’s shareholders approved the third amendment and restatement of the Company’s Independent Director Stock Option and Incentive Plan to add other types of equity grants that may be awarded under the plan, including restricted stock awards, restricted stock units, unrestricted stock awards and dividend equivalent rights. On October 15, 2013, 43 restricted shares were granted to the Company’s independent directors at a grant date fair value per share of $13.91. The restricted shares will vest on the earlier of the date of the 2014 annual stockholder meeting or the first anniversary of the grant date.
	On October 29, 2013, the Company’s board of directors declared the fourth quarter cash dividend for the Company’s 7.00% Series A cumulative redeemable preferred stock. The dividend of $0.4375 per preferred share will be paid on December 31, 2013 to preferred shareholders of record at the close of business on December 19, 2013.
	On October 29, 2013, the Company’s board of directors declared the distribution for the fourth quarter of 2013 of $0.165625 per share on the Company’s outstanding Class A common stock, which will be paid on January 10, 2014 to Class A common shareholders of record at the close of business on December 31, 2013.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	9 Months Ended
Summary of Significant Accounting Policies (Policies)	Sep. 30, 2013
Accounting Policies [Abstract]	'
Recent Accounting Pronouncements	'
	Recent Accounting Pronouncements
	Effective January 1, 2013, companies are required to disclose additional information about reclassification adjustments out of accumulated other comprehensive income (AOCI), including (1) changes in AOCI balances by component and (2) significant items reclassified out of AOCI. For significant items reclassified out of AOCI to net income in their entirety in the reporting period, disclosure of the effect of the reclassifications on the respective line items in the statement where net income is presented is required. For items that are not reclassified to net income in their entirety in the reporting period, a cross reference to other disclosures in the notes is required. The adoption resulted in the addition of a cross reference to other disclosures in the notes on the face of the accompanying condensed consolidated statements of operations and other comprehensive loss.
	Effective January 1, 2014, companies will be required to present unrecognized tax benefits as a reduction to deferred tax assets when a net operating loss carryforward, a similar tax loss or a tax credit carryforward exists. To the extent none of these are available at the reporting date, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The Company does not expect the adoption will have any effect on its consolidated financial statements.

Acquisitions_Acquisitions_Poli

Acquisitions Acquisitions (Policies)	9 Months Ended
	Sep. 30, 2013
Accounting Policies [Abstract]	'
Business Combinations [Policy Text Block]	'
	Unless otherwise stated, the Company accounts for acquisitions of investment properties pursuant to the acquisition method of accounting. Accordingly, the Company allocates the purchase price of each acquired investment property based upon the estimated acquisition date fair value of the individual assets acquired and liabilities assumed. The Company allocates the purchase price of acquired real estate to various components as follows:

	•	Land, building and other improvements — The Company considers available comparable market and industry information in estimating acquisition date fair value.

	•	Acquired lease intangible assets and liabilities — The Company allocates a portion of the purchase price to the estimated acquired in-place lease value based on estimated lease execution costs for similar leases as well as lost rental payments during an assumed lease-up period. The Company also evaluates each acquired lease as compared to current market rates. If an acquired lease is determined to be above or below market, the Company allocates a portion of the purchase price to such above or below market leases based upon the present value of the difference between the contractual lease payments and estimated market rent payments over the remaining lease term. Renewal periods are included within the lease term in the calculation of above and below market lease values if, based upon factors known at the acquisition date, market participants would consider it probable that the lessee would exercise such options. The discount rate used in the present value calculation of above and below market lease intangibles requires the Company’s evaluation of subjective factors such as market knowledge, economics, demographics, location, visibility, age and physical condition of the property. Acquired lease intangible assets and liabilities are amortized over the term of the related lease including renewal periods as applicable.
	All acquisition accounting fair value estimates require the Company to consider various factors, including, but not limited to, geographic location, size and location of tenant spaces within the acquired investment property and tenant profile.
	Acquisition transaction costs are expensed as incurred and included within “General and administrative expenses” in the condensed consolidated statements of operations and other comprehensive income loss.

Organization_and_Basis_of_Pres1

Organization and Basis of Presentation (Tables)	9 Months Ended
	Sep. 30, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Summary of property ownership	'
	The Company’s property ownership as of September 30, 2013 is summarized below:


		Wholly-owned	Consolidated	Unconsolidated
			Joint Ventures (a)	Joint Ventures (b)
	Operating properties (c)	234	—	20

	Development properties	2	1	—


	(a)	The Company has a 50% ownership interest in one LLC.

	(b)	The Company has a 20% ownership interest in one LLC and one LP. As discussed in Note 9, the Company dissolved its joint venture arrangement with its partner in RC Inland L.P. (RioCan) on October 1, 2013.

	(c)	Excludes five wholly-owned properties classified as held for sale as of September 30, 2013.

Acquisitions_Tables

Acquisitions (Tables)	9 Months Ended
Acquisitions (Tables)	Sep. 30, 2013
Business Combinations [Abstract]	'
Schedule of acquisition date fair values of assets acquired and liabilities assumed	'
	The following table summarizes the acquisition date fair values the Company expects to record in conjunction with the RioCan acquisitions and the anticipated New York acquisitions discussed above:


	Land		$	60,307
	Land		$	60,307
	Building and other improvements		238,389
	Building and other improvements		238,389
	Acquired lease intangible assets		46,356
	Acquired lease intangible assets		46,356
	Acquired lease intangible liability		(26,525		)
	Mortgages payable (a)		(69,177		)
	Net assets acquired		$	249,350
	Net assets acquired		$	249,350

	(a)	Includes mortgage premium of $1,313.
Schedule of condensed pro forma financial information	'
	The unaudited condensed pro forma financial information is as follows:


			Three Months Ended September 30,						Nine Months Ended September 30,
			2013			2012			2013			2012
	Total revenues		$	150,394		$	147,096		$	443,673		$	441,335
	Total revenues		$	150,394		$	147,096		$	443,673		$	441,335
	Net loss		$	(34,757	)	$	(13,433	)	$	(15,167	)	$	(7,037	)
	Net loss attributable to Company shareholders		$	(37,119	)	$	(13,433	)	$	(22,254	)	$	(7,037	)
	Earnings per share - basic and diluted
	Net loss per common share attributable to common shareholders		$	(0.16	)	$	(0.06	)	$	(0.10	)	$	(0.03	)
	Weighted average common shares outstanding		236,151			230,597			233,462			217,087
	Weighted average common shares outstanding		236,151			230,597			233,462			217,087

Discontinued_Operations_and_In1

Discontinued Operations and Investment Properties Held for Sale (Tables)	9 Months Ended
	Sep. 30, 2013
Discontinued Operations and Disposal Groups [Abstract]	'
Schedule of real estate properties sold	'
	The Company sold six properties during the nine months ended September 30, 2013, as summarized below:


	Date		Property Name		Property Type		Square		Consideration			Mortgage			Net Sales		Gain
							Footage					Debt			Proceeds
												Extinguished
	January 16, 2013		Mervyns - Ridgecrest		Single-user retail		59,000		$	500		$	—		$	477	$	—	(a)

	16-Jan-13		Mervyns - Highland		Single-user retail		80,500		2,133			—			2,030		—		(a)

	25-Jan-13		American Express - DePere		Single-user office		132,300		17,233			—			17,168		1,914

	21-Jun-13		Dick's Sporting Goods-Fresno		Multi-tenant retail		77,400		6,500			—			6,401		21

	31-Jul-13		Raytheon Facility		Single-user office		105,000		11,500			—			11,142		—		(a)

	26-Sep-13		LA Fitness - Oceanside		Single-user retail		75,400		17,000			—			16,811		1,705

							529,600		$	54,866		$	—		$	54,029	$	3,640


	(a)	No gain or loss recognized at disposition due to previously recognized impairment charges.
Schedule of investment properties held for sale	'
	As of September 30, 2013, the Company had entered into contracts to sell the following five properties, which qualified for held for sale accounting treatment:


	Property Name		Property Type		Square Footage
	Preston Trail Village		Multi-tenant retail		180,000

	Duck Creek		Multi-tenant retail		134,200

	Stop & Shop - Beekman		Single-user retail		40,400

	Riverpark Phase IIA		Single-user retail		64,300

	Rite Aid - Atlanta		Single-user retail		10,900

					429,800

Schedule of assets and liabilities associated with investment properties held for sale	'
	The following table presents the assets and liabilities associated with the held for sale properties:


		September 30, 2013				December 31, 2012
	Assets
	Land, building and other improvements	$	64,925			$	8,746

	Accumulated depreciation	(10,231		)		(17		)
	Net investment properties	54,694				8,729

	Other assets	4,554				193

	Assets associated with investment properties held for sale	$	59,248			$	8,922


	Liabilities
	Mortgages payable	$	18,613			$	—

	Other liabilities	4,321				60

	Liabilities associated with investment properties held for sale	$	22,934			$	60

Schedule of results of operations for investment properties that are accounted for as discontinued operations	'
	The results of operations for the investment properties that are accounted for as discontinued operations, inclusive of investment properties sold and those classified as held for sale, are presented in the table below:


		Three Months Ended September 30,							Nine Months Ended September 30,
		2013				2012			2013			2012

	Revenues:

	Rental income	$	1,484			$	8,704		$	4,950		$	30,790

	Tenant recovery income	261				(89		)	846			1,902

	Other property income	711				37			6,073			87

	Total revenues	2,456				8,652			11,869			32,779



	Expenses:

	Property operating expenses	219				651			827			2,321

	Real estate taxes	229				(78		)	713			1,885

	Depreciation and amortization	564				4,427			2,425			14,727

	Provision for impairment of investment properties	2,180				22,167			4,662			22,167

	Loss on lease terminations	—				—			—			262

	Interest expense	301				4,921			1,184			13,706

	Other (income) expense, net	(19		)		4			(53		)	4

	Total expenses	3,474				32,092			9,758			55,072



	(Loss) income from discontinued operations, net	$	(1,018	)		$	(23,440	)	$	2,111		$	(22,293	)

Compensation_Plans_Tables

Compensation Plans (Tables)	9 Months Ended
	Sep. 30, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Summary of unvested restricted shares	'
	The following represents a summary of the Company’s unvested restricted shares, all of which were granted to Company employees pursuant to the Equity Plan, as of and for the nine months ended September 30, 2013:


		Unvested		Weighted Average
		Restricted		Grant Date Fair
		Shares		Value per
				Restricted Share
	Balance at January 1, 2013	46		$	17.3

	Shares granted (a)	73		$	14.48

	Shares vested	(9	)	$	15.53

	Shares forfeited	(1	)	$	15.61

	Balance at September 30, 2013	109		$	15.58


	(a)	Of the shares granted to the Company’s executives, 50% vest on each of the third and fifth anniversaries of the grant date. Shares granted to Company employees vest ratably over three years.

Mortgages_and_Notes_Payable_Ta

Mortgages and Notes Payable (Tables)	9 Months Ended
Mortgages and Notes Payable (Tables)	Sep. 30, 2013
Debt Disclosure [Abstract]	'
Summary of mortgages and notes payable	'
	The following table summarizes the Company’s mortgages and notes payable:


		September 30,			December 31,
		2013			2012
	Fixed rate mortgages payable (a) (b)	$	1,697,617		$	2,078,162
	Fixed rate mortgages payable (a) (b)	$	1,697,617		$	2,078,162
	Variable rate construction loan	10,917			10,419
	Variable rate construction loan	10,917			10,419
	Mortgages payable	1,708,534			2,088,581
	Mortgages payable	1,708,534			2,088,581
	Discount, net of accumulated amortization	(1,109		)	(1,492		)
	Discount, net of accumulated amortization	(1,109		)	(1,492		)
	Mortgages payable, net	1,707,425			2,087,089
	Mortgages payable, net	1,707,425			2,087,089
	Notes payable	—			125,000
	Notes payable	—			125,000
	Mortgages and notes payable, net	$	1,707,425		$	2,212,089
	Mortgages and notes payable, net	$	1,707,425		$	2,212,089

	(a)	Includes $69,491 and $76,055 of variable rate mortgage debt that was swapped to a fixed rate as of September 30, 2013 and December 31, 2012, respectively.

	(b)	Excludes mortgages payable of $18,613 associated with two investment properties held for sale as of September 30, 2013.
Scheduled maturities of mortgages payable and unsecured credit facility	'
	The following table shows the scheduled maturities and required principal payments of the Company’s mortgages payable and unsecured credit facility (as described in Note 7) as of September 30, 2013 for the remainder of 2013, each of the next four years and thereafter and does not reflect the impact of any debt activity that occurred after September 30, 2013:


		2013			2014			2015			2016			2017			Thereafter			Total
	Debt (a):
	Fixed rate debt:
	Mortgages payable (b)	$	65,479		$	53,364		$	439,959		$	37,823		$	285,617		$	815,375		$	1,697,617
	Mortgages payable (b)	$	65,479		$	53,364		$	439,959		$	37,823		$	285,617		$	815,375		$	1,697,617
	Unsecured credit facility - fixed rate portion of term loan (c)	—			—			—			—			—			300,000			300,000
		—			—			—			—			—			300,000			300,000
	Total fixed rate debt	65,479			53,364			439,959			37,823			285,617			1,115,375			1,997,617
	Total fixed rate debt	65,479			53,364			439,959			37,823			285,617			1,115,375			1,997,617

	Variable rate debt:
	Mortgages payable	—			10,917			—			—			—			—			10,917
	Mortgages payable	—			10,917			—			—			—			—			10,917
	Unsecured credit facility	—			—			—			—			165,000			150,000			315,000
	Unsecured credit facility	—			—			—			—			165,000			150,000			315,000
	Total variable rate debt	—			10,917			—			—			165,000			150,000			325,917
	Total variable rate debt	—			10,917			—			—			165,000			150,000			325,917
	Total debt (d)	$	65,479		$	64,281		$	439,959		$	37,823		$	450,617		$	1,265,375		$	2,323,534
	Total debt (d)	$	65,479		$	64,281		$	439,959		$	37,823		$	450,617		$	1,265,375		$	2,323,534

	Weighted average interest rate on debt:
	Fixed rate debt	4.63		%	6.21		%	5.79		%	6.22		%	5.73		%	5.36		%	5.53		%
	Variable rate debt	—			2.44		%	—			—			1.69		%	1.64		%	1.69		%
	Variable rate debt	—			2.44		%	—			—			1.69		%	1.64		%	1.69		%
	Total	4.63		%	5.57		%	5.79		%	6.22		%	4.25		%	4.92		%	4.99		%

	(a)	The debt maturity table does not include mortgage discount of $1,109, net of accumulated amortization, which was outstanding as of September 30, 2013.

	(b)	Includes $69,491 of variable rate mortgage debt that was swapped to a fixed rate.

	(c)	In July 2012, the Company entered into an interest rate swap transaction to convert the variable rate portion of $300,000 of LIBOR-based debt to a fixed rate through February 24, 2016. The swap effectively converts one-month floating rate LIBOR to a fixed rate of 0.53875% over the term of the swap.

	(d)	As of September 30, 2013, the weighted average years to maturity of consolidated indebtedness was 4.7 years.

Derivative_Instruments_Tables

Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of outstanding interest rate derivatives designated as cash flow hedges

The Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk:

Number of Instruments

Notional

Interest Rate Derivatives

September 30,

December 31,

September 30,

December 31,

2013

2012

2013

2012

Interest rate swap

369,491

376,055

Schedule of estimated fair value of derivative instruments

Derivatives

September 30, 2013

December 31, 2012

Balance Sheet Location

Fair

Balance Sheet

Fair

Value

Location

Value

Derivatives designated as cash flow hedges:

Interest rate swaps

Other liabilities

1,022

Other liabilities

2,783

Schedule of effect of derivative instruments in the statements of operations and other comprehensive loss

The table below presents the effect of the Company’s derivative financial instruments in the condensed consolidated statements of operations and other comprehensive loss.

Derivatives in

Amount of Loss

Location of Loss

Amount of Loss

Location of

Amount of (Gain) Loss

Cash Flow

Recognized in Other Comprehensive Income

Reclassified from

(Gain) Loss

Recognized in Income on

Hedging

on Derivative

AOCI into Income

Recognized In

Derivative

Relationships

(Effective Portion)

Income on Derivative

(Ineffective Portion and

(Ineffective Portion and Amount Excluded from

Amount Excluded from

Effectiveness Testing)

Interest rate swaps

Three Months Ended

Nine Months Ended

Three Months Ended

Nine Months Ended

Three Months Ended

Nine Months Ended

September 30,

2013

1,209

1,113

Interest expense

504

1,509

Other income, net

(891

)

2012

1,430

1,629

Interest expense

449

1,038

Other income, net

157

467

Investment_in_Unconsolidated_J1

Investment in Unconsolidated Joint Ventures (Tables)	9 Months Ended
	Sep. 30, 2013
Equity Method Investments and Joint Ventures [Abstract]	'
Summary of Company's investments in unconsolidated joint ventures	'
	The following table summarizes the Company’s investments in unconsolidated joint ventures:


					Ownership Interest						Investment at
	Joint Venture		Date of		September 30,			December 31,			September 30,				December 31,
			Investment		2013			2012			2013				2012
	MS Inland Fund, LLC (a)		4/27/07		20	%		20	%		$	7,083			$	8,334

	Hampton Retail Colorado, L.L.C. (b)		8/31/07		—	%		95.9	%		—				124

	RioCan (c)		9/30/10		20	%		20	%		41,523				39,468

	Oak Property and Casualty LLC (d)		10/1/06		20	%		25	%		7,126				8,946

											$	55,732			$	56,872


	(a)	The MS Inland Fund, LLC (MS Inland) joint venture was formed with a large state pension fund; the Company is the managing member of the venture and earns fees for providing property management, acquisition and leasing services.

	(b)	On May 6, 2013, the Hampton Retail Colorado, L.L.C. (Hampton) joint venture sold its one remaining property and, as of September 30, 2013, the Hampton joint venture has been dissolved.

	(c)	The RioCan joint venture was formed with a wholly-owned subsidiary of RioCan Real Estate Investment Trust, a REIT based in Canada. A subsidiary of the Company is the general partner of the joint venture and earns fees for providing property management, asset management and other customary services. On October 1, 2013, the Company dissolved its joint venture arrangement with its partner in RioCan.

	(d)	Oak Property & Casualty LLC (the Captive) is an insurance association owned by the Company and four other unaffiliated parties. The Captive was formed to insure/reimburse the members’ deductible obligations for property and general liability insurance claims subject to certain limitations. The Company entered into the Captive to stabilize insurance costs, manage exposures and recoup expenses through the function of the Captive.
Schedule of condensed balance sheets of unconsolidated joint ventures	'
	Combined condensed financial information of these joint ventures (at 100%) is summarized as follows:


			As of September 30, 2013
			RioCan				Hampton				Other Joint Ventures				Combined Condensed Total
	Assets
	Real estate assets		$	343,342			$	—			$	270,557			$	613,899

	Less accumulated depreciation		(23,355		)		—				(50,607		)		(73,962		)

	Real estate, net		319,987				—				219,950				539,937


	Assets associated with investment properties held for sale		104,592				—				—				104,592

	Other assets, net		101,973				—				42,518				144,491

	Total assets		$	526,552			$	—			$	262,468			$	789,020


	Liabilities
	Mortgage debt		$	208,639			$	—			$	142,771			$	351,410

	Liabilities associated with investment properties held for sale		71,938				—				—				71,938

	Other liabilities, net		29,228				—				16,551				45,779

	Total liabilities		309,805				—				159,322				469,127


	Total equity		216,747				—				103,146				319,893

	Total liabilities and equity		$	526,552			$	—			$	262,468			$	789,020



			As of December 31, 2012
			RioCan				Hampton				Other Joint Ventures				Combined Condensed Total
	Assets
	Real estate assets		$	434,704			$	14,326			$	270,386			$	719,416

	Less accumulated depreciation		(19,287		)		(2,286		)		(44,554		)		(66,127		)
	Real estate, net		415,417				12,040				225,832				653,289


	Other assets, net		148,511				1,285				49,658				199,454

	Total assets		$	563,928			$	13,325			$	275,490			$	852,743


	Liabilities
	Mortgage debt		$	312,844			$	14,828			$	143,450			$	471,122

	Other liabilities, net		50,076				300				22,960				73,336

	Total liabilities		362,920				15,128				166,410				544,458


	Total equity (deficit)		201,008				(1,803		)		109,080				308,285

	Total liabilities and equity		$	563,928			$	13,325			$	275,490			$	852,743

Schedule of condensed income statements of unconsolidated joint ventures	'


			Three Months Ended September 30,
			RioCan								Hampton								Other Joint Ventures								Combined Condensed Total
			2013				2012				2013				2012				2013				2012				2013				2012
	Revenues:
	Property related income		$	12,036			$	11,900			$	—			$	—			$	6,957			$	6,667			$	18,993			$	18,567

	Other income		—				—				—				—				2,070				1,906				2,070				1,906

	Total revenues		12,036				11,900				—				—				9,027				8,573				21,063				20,473


	Expenses:
	Property operating expenses		1,699				1,797				—				—				912				777				2,611				2,574

	Real estate taxes		2,155				1,935				—				—				1,268				1,286				3,423				3,221

	Depreciation and amortization		6,767				7,942				—				—				2,422				2,602				9,189				10,544

	Loss on lease terminations		4				924				—				—				(22		)		9				(18		)		933

	General and administrative expenses		163				176				—				7				107				96				270				279

	Interest expense, net		2,219				2,514				—				(105		)		1,783				2,023				4,002				4,432

	Other (income) expense, net		(4,442		)		(14		)		—				—				604				2,607				(3,838		)		2,593

	Total expenses		8,565				15,274				—				(98		)		7,074				9,400				15,639				24,576


	Income (loss) from continuing operations		3,471				(3,374		)		—				98				1,953				(827		)		5,424				(4,103		)

	(Loss) income from discontinued operations		(206		)		1,607				—				63				2				(2,224		)		(204		)		(554		)

	Gain on sales of investment properties - discontinued operations		—				—				—				—				—				149				—				149

	Net income (loss)		$	3,265			$	(1,767	)		$	—			$	161			$	1,955			$	(2,902	)		$	5,220			$	(4,508	)



			Nine Months Ended September 30,
			RioCan								Hampton								Other Joint Ventures								Combined Condensed Total
			2013				2012				2013				2012				2013				2012				2013				2012
	Revenues:
	Property related income		$	36,758			$	35,878			$	—			$	—			$	20,894			$	20,545			$	57,652			$	56,423

	Other income		—				—				—				—				6,144				5,837				6,144				5,837

	Total revenues		36,758				35,878				—				—				27,038				26,382				63,796				62,260


	Expenses:
	Property operating expenses		5,001				5,284				—				—				2,635				3,366				7,636				8,650

	Real estate taxes		6,187				5,742				—				—				3,935				4,061				10,122				9,803

	Depreciation and amortization		21,128				24,274				—				—				7,314				7,791				28,442				32,065

	Loss on lease terminations		836				1,629				—				—				(6		)		326				830				1,955

	General and administrative expenses		457				830				6				27				357				282				820				1,139

Interest expense, net		7,033				7,556				(1,758		)		(224		)		5,349				6,060				10,624				13,392

Other (income) expense, net		(4,436		)		823				(13		)		—				4,479				5,358				30				6,181

Total expenses		36,206				46,138				(1,765		)		(197		)		24,063				27,244				58,504				73,185


Income (loss) from continuing operations		552				(10,260		)		1,765				197				2,975				(862		)		5,292				(10,925		)

(Loss) income from discontinued operations		(1,026		)		(1,607		)		(117		)		(1,426		)		52				(195		)		(1,091		)		(3,228		)

Gain on sales of investment properties - discontinued operations		—				—				1,019				—				—				2,593				1,019				2,593

Net (loss) income		$	(474	)		$	(11,867	)		$	2,667			$	(1,229	)		$	3,027			$	1,536			$	5,220			$	(11,560	)

Summary of profits, losses and capital activity related to unconsolidated joint ventures	'
	The following table summarizes the Company’s share of net income (loss) as well as net cash distributions from (contributions to) each unconsolidated joint venture:


			The Company’s Share of Net Income (Loss) for the								Net Cash Distributions								Fees Earned by the
			Three Months Ended September 30,								from/(Contributions to)								Company for the
											Joint Ventures for the								Three Months Ended September 30,
											Three Months Ended September 30,
	Joint Venture		2013				2012				2013				2012				2013				2012
	MS Inland		$	163			$	2			$	490			$	370			$	204			$	188

	Hampton (a)		—				—				—				16				—				—

	RioCan		290				(672		)		(3,405		)		682				523				512

	Captive		(348		)		(1,252		)		—				—				—				—

			$	105			$	(1,922	)		$	(2,915	)		$	1,068			$	727			$	700



			The Company’s Share of Net Income (Loss) for the								Net Cash Distributions								Fees Earned by the
			Nine Months Ended								from/(Contributions to)								Company for the
			September 30,								Joint Ventures for the								Nine Months Ended
											Nine Months Ended								September 30,
											September 30,
	Joint Venture		2013				2012				2013				2012				2013				2012
	MS Inland		$	475			$	(122	)		$	1,943			$	3,761			$	622			$	618

	Hampton (a)		2,576				(1,092		)	(b)	855				53				1				2

	RioCan		(176		)		(1,815		)		(2,394		)		10,224				1,648				1,559

	Captive		(1,821		)		(2,577		)		—				(193		)		—				—

			$	1,054			$	(5,606	)		$	404			$	13,845			$	2,271			$	2,179


	(a)	During the nine months ended September 30, 2013, Hampton determined that the carrying value of certain of its assets was not recoverable and, accordingly, recorded property level impairment charges in the amount of $298, of which the Company’s share was $286. During the three and nine months ended September 30, 2012, Hampton recorded impairment charges in the amounts of $71 and $1,593, of which the Company’s share was $68 and $1,527, respectively. The joint venture’s estimates of fair value relating to these impairment assessments were based upon bona fide purchase offers.

	(b)	During the nine months ended September 30, 2012, the Company’s share of net losses realized by and distributions received from the venture since its inception exceeded the carrying amount of the Company’s investment in Hampton. At such point, application of the equity method of accounting was discontinued and through September 30, 2012, $88, representing the Company’s share of losses in excess of its investment in Hampton, was not recorded in the Company’s condensed consolidated financial statements. Due to income realized by Hampton for the period between April 1, 2012 and December 31, 2012, application of the equity method of accounting was re-established for this investment prior to December 31, 2012.

Equity_Tables

Equity (Tables)	9 Months Ended
	Sep. 30, 2013
Equity [Abstract]	'
Summary of activity under ATM equity program	'
	The following table presents activity under the Company’s ATM equity program:


		Number of common shares sold	Total net consideration		Average price per share
	First quarter 2013	56	$	688	$	14.94

	Second quarter 2013	5,491	$	82,839	$	15.3

	Third quarter 2013	—	$	—	$	—

	Year to date September 30, 2013	5,547	$	83,527	$	15.29

Earnings_per_Share_Tables

Earnings per Share (Tables)	9 Months Ended
	Sep. 30, 2013
Earnings Per Share [Abstract]	'
Schedule of reconciliation between weighted average shares used in the basic and diluted EPS calculations	'
	The following is a reconciliation between weighted average shares used in the basic and diluted earnings per share (EPS) calculations, excluding amounts attributable to noncontrolling interests:


			Three Months Ended September 30,								Nine Months Ended September 30,
			2013				2012				2013				2012
	Numerator:

	Loss from continuing operations		$	(39,389	)		$	(2,918	)		$	(38,014	)		$	(15,441	)

	Gain on sales of investment properties		1,150				1,650				8,802				6,652

	Preferred stock dividends		(2,362		)		—				(7,087		)		—

	Loss from continuing operations attributable to		(40,601		)		(1,268		)		(36,299		)		(8,789		)
	common shareholders
	Income (loss) from discontinued operations		687				(14,684		)		5,751				(5,775		)

	Net loss attributable to common shareholders		(39,914		)		(15,952		)		(30,548		)		(14,564		)

	Distributions paid on unvested restricted shares		(18		)		(7		)		(41		)		(17		)

	Net loss attributable to common shareholders excluding amounts attributable to unvested restricted shares		$	(39,932	)		$	(15,959	)		$	(30,589	)		$	(14,581	)



	Denominator:

	Denominator for earnings (loss) per common share — basic:
	Weighted average number of common shares outstanding		236,151			(a)	230,597			(b)	233,462			(a)	217,087			(b)

	Effect of dilutive securities — stock options		—			(c)	—			(c)	—			(c)	—			(c)

	Denominator for earnings (loss) per common share — diluted:

	Weighted average number of common and common equivalent shares outstanding		236,151				230,597				233,462				217,087


	(a)	Excluded from these weighted average amounts are 109 shares of restricted common stock, which equate to 109 and 93 shares, respectively, on a weighted average basis for the three and nine months ended September 30, 2013. These shares will continue to be excluded from the computation of basic EPS until contingencies are resolved and the shares are released.

	(b)	Excluded from these weighted average amounts are 46 shares of restricted common stock, which equate to 46 and 37 shares, respectively, on a weighted average basis for the three and nine months ended September 30, 2012. These shares will continue to be excluded from the computation of basic EPS until contingencies are resolved and the shares are released.

	(c)	Outstanding options to purchase shares of common stock, the effect of which would be anti-dilutive, were 78 and 69 shares as of September 30, 2013 and 2012, respectively, at a weighted average exercise price of $19.10 and $20.83, respectively.

Provision_for_Impairment_of_In1

Provision for Impairment of Investment Properties (Tables)

9 Months Ended

Sep. 30, 2013

Impairment or Disposal of Tangible Assets Disclosure [Abstract]

Schedule of investment property impairment charges

The investment property impairment charges recorded by the Company during the nine months ended September 30, 2013 are summarized below:

Property Name

Property Type

Impairment Date

Approximate

Provision for

Square

Impairment of

Footage

Investment

Properties

University Square (a)

Multi-tenant retail

30-Jun-13

287,000

6,694

Aon Hewitt East Campus (b)

Single-user office

30-Sep-13

343,000

27,183

Shops at 5 (c)

Multi-tenant retail

30-Sep-13

421,700

20,601

54,478

Discontinued Operations:

Raytheon Facility (d)

Single-user office

Various

105,000

2,518

Preston Trail Village (e)

Multi-tenant retail

30-Sep-13

180,000

1,939

Rite Aid - Atlanta (e)

Single-user retail

30-Sep-13

10,900

205

4,662

Total

59,140

Estimated fair value of impaired properties

77,853

(a)

The Company recorded an impairment charge upon re-evaluating the strategic alternatives for the property. See Note 13 for further discussion.

(b)

The Company recorded an impairment charge based upon the terms and conditions of a bona fide purchase offer received from an unaffiliated third party.

(c)

The Company recorded an impairment charge based upon the terms and conditions of a negotiated sales contract with an unaffiliated third party.

(d)

The Company recorded an impairment charge of $2,482 during the second quarter of 2013 and an additional impairment charge of $36 at the date of disposition during the third quarter of 2013.

(e)

The investment property impairment charges recorded by the Company during the nine months ended September 30, 2012 are summarized below:

Property Name

Property Type

Impairment Date

Approximate

Provision for

Square

Impairment of

Footage

Investment

Properties

Towson Circle

Land parcel

June 25, 2012

n/a (a)

1,323

Discontinued Operations:

Various (b)

Single-user retail

18-Sep-12

1,000,400

1,100

Various (c)

Multi-tenant retail

25-Sep-12

132,600

5,528

Mervyns - McAllen

Single-user retail

30-Sep-12

78,000

2,950

Mervyns - Bakersfield

Single-user retail

30-Sep-12

75,100

Pro's Ranch Market

Single-user retail

30-Sep-12

75,500

2,694

American Express - Phoenix

Single-user office

30-Sep-12

117,600

4,841

Mervyns - Ridgecrest

Single-user retail

30-Sep-12

59,000

305

Dick's Sporting Goods - Fresno

Single-user retail

30-Sep-12

77,400

2,488

Mervyn's - Highland

Single-user retail

30-Sep-12

80,500

2,223

22,167

Total

23,490

Estimated fair value of impaired properties

152,231

(a)

(b)

(c)

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2013
Fair Value Disclosures [Abstract]	'
Schedule of carrying value and estimated fair value of financial instruments	'
	The following table presents the carrying value and estimated fair value of the Company’s financial instruments.


		September 30, 2013				December 31, 2012
		Carrying		Fair Value		Carrying		Fair Value
		Value				Value
	Financial liabilities:
	Mortgages and notes payable, net	$	1,707,425	$	1,863,903	$	2,212,089	$	2,401,883

	Credit facility	$	615,000	$	615,000	$	380,000	$	382,723

	Derivative liability	$	1,022	$	1,022	$	2,783	$	2,783

Schedule of financial instruments measured at fair value on a recurring basis	'
	The following table presents the Company’s financial instruments, which are measured at fair value on a recurring basis, by the level in the fair value hierarchy within which those measurements fall. Methods and assumptions used to estimate the fair value of these instruments are described after the table.


		Level 1		Level 2		Level 3		Total
	September 30, 2013
	Derivative liability	$	—	$	1,022	$	—	$	1,022


	December 31, 2012
	Derivative liability	$	—	$	2,783	$	—	$	2,783

Schedule of assets measured at fair value on a nonrecurring basis	'
	The following table presents the Company’s assets measured on a nonrecurring basis at September 30, 2013 and December 31, 2012, aggregated by the level within the fair value hierarchy in which those measurements fall. Methods and assumptions used to estimate the fair value of these assets are described after the table.


		Level 1		Level 2		Level 3		Total		Provision for
										Impairment (a)
	September 30, 2013
	Investment properties (b)	$	—	$	29,000	$	18,000	$	47,000	$	54,478

	Investment properties - held for sale (c)	$	—	$	19,562	$	—	$	19,562	$	2,144


	December 31, 2012
	Investment properties - held for sale (d)	$	—	$	9,133	$	—	$	9,133	$	6,901


	(a)	Excludes impairment charges recorded on investment properties sold prior to September 30, 2013 and December 31, 2012, respectively. Additionally, excludes joint venture investment impairment charges recorded on the Company’s Hampton joint venture as the September 30, 2013 investment balance is $0 following receipt of the final distribution for the venture.

	(b)	Includes impairment charges to write down the carrying value of the Company’s Shops at 5, Aon Hewitt and University Square investment properties to estimated fair value. The estimated fair value of Shops at 5 of $29,000 was based upon a negotiated sales agreement with an unaffiliated third party (a Level 2 measurement). The estimated fair value of Aon Hewitt of $18,000 was based upon a bona fide purchase offer received by the Company from an unaffiliated third party (a Level 3 measurement). The estimated fair value of University Square of $0 was based upon consideration of the current and projected operating losses (a Level 3 measurement) that will continue to be realized through ownership of the property. As of the impairment date, management did not believe a willing market participant would pay greater than $0 to acquire the property in an arm’s length transaction without substantial modification to existing agreements.

	(c)	Includes impairment charges for two investment properties classified as held for sale as of September 30, 2013; such charges, calculated as the expected sales prices from executed sales agreements less estimated transaction costs, were determined to be Level 2 inputs. The estimated transaction costs totaling $335 are not reflected as a reduction to the fair value disclosed in the table above.

	(d)	Includes impairment charges recorded during 2012 for three investment properties classified as held for sale as of December 31, 2012; such charges, calculated as the expected sales prices from executed sales agreements less estimated transaction costs, were determined to be Level 2 inputs. The estimated transaction costs totaling $197 are not reflected as a reduction to the fair value disclosed in the table above.
Schedule of financial liabilities measured at fair value	'
	The following table presents the Company’s financial liabilities, which are measured at fair value for disclosure purposes, by the level in the fair value hierarchy within which they fall. Methods and assumptions used to estimate the fair value of these instruments are described after the table.


		Level 1		Level 2		Level 3		Total
	September 30, 2013
	Mortgages and notes payable, net	$	—	$	—	$	1,863,903	$	1,863,903

	Credit facility	$	—	$	—	$	615,000	$	615,000


	December 31, 2012
	Mortgages and notes payable, net	$	—	$	—	$	2,401,883	$	2,401,883

	Credit facility	$	—	$	—	$	382,723	$	382,723

Organization_and_Basis_of_Pres2

Organization and Basis of Presentation (Details)	Sep. 30, 2013		Dec. 31, 2012	Nov. 15, 2007
	item		property	subsidiary
	property
	subsidiary
Organization and Basis of Presentation	'		'	'
Number of wholly-owned subsidiaries jointy elected to be treated as a taxable REIT	1		'	'
Number of qualified REIT subsidiaries acquired	'		'	4
Number of wholly-owned properties classified as held for sale	5		3	'
Number of less-than-wholly-owned consolidated entities in which Company has controlling interest	1		'	'
MS Inland Fund, LLC	'		'	'
Organization and Basis of Presentation	'		'	'
Ownership interest of unconsolidated joint ventures (as a percent)	20.00%		20.00%	'
RC Inland L.P.	'		'	'
Organization and Basis of Presentation	'		'	'
Ownership interest of unconsolidated joint ventures (as a percent)	20.00%		20.00%	'
Wholly-owned \| Operating properties	'		'	'
Organization and Basis of Presentation	'		'	'
Number of real estate properties owned	234	[1]	'	'
Number of wholly-owned properties classified as held for sale	5		'	'
Wholly-owned \| Development properties	'		'	'
Organization and Basis of Presentation	'		'	'
Number of real estate properties owned	2		'	'
Consolidated joint ventures \| Operating properties	'		'	'
Organization and Basis of Presentation	'		'	'
Number of real estate properties owned	'		'	'
Consolidated joint ventures \| Development properties	'		'	'
Organization and Basis of Presentation	'		'	'
Number of real estate properties owned	1	[2]	'	'
Ownership interest of consolidated joint venture (as a percent)	50.00%		'	'
Number of consolidated LLCs in which Company has ownership interest	1		'	'
Unconsolidated joint ventures \| Operating properties	'		'	'
Organization and Basis of Presentation	'		'	'
Number of real estate properties owned	20	[3]	'	'
Ownership interest of unconsolidated joint ventures (as a percent)	20.00%		'	'
Unconsolidated joint ventures \| Operating properties \| MS Inland Fund, LLC	'		'	'
Organization and Basis of Presentation	'		'	'
Number of LLCs or LPs in which Company has ownership interest	1		'	'
Unconsolidated joint ventures \| Operating properties \| RC Inland L.P.	'		'	'
Organization and Basis of Presentation	'		'	'
Number of LLCs or LPs in which Company has ownership interest	1		'	'
Unconsolidated joint ventures \| Development properties	'		'	'
Organization and Basis of Presentation	'		'	'
Number of real estate properties owned	'		'	'

[1]	Excludes five wholly-owned properties classified as held for sale as of SeptemberB 30, 2013.
[2]	The Company has a 50% ownership interest in one LLC.
[3]	The Company has a 20% ownership interest in one LLC and one LP. As discussed in Note 9, the Company dissolved its joint venture arrangement with its partner in RC Inland L.P. (RioCan) on October 1, 2013.

Acquisitions_Details

Acquisitions (Details) (USD $)	3 Months Ended	0 Months Ended					3 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Oct. 02, 2013	Oct. 02, 2013	Oct. 02, 2013	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013
	property	RioCan acquisitions	RioCan acquisitions	RioCan acquisitions	Pelham Manor	Fordham Place	New York acquisitions	RioCan and New York acquisitions
		RioCan	RC Inland L.P.	RioCan joint venture partner	sqft	sqft	property
		property
		sqft
Acquisitions	'	'	'	'	'	'	'	'
Number of real estate properties that will be acquired	7	'	'	'	'	'	2	'
Ownership interest acquired by joint venture partner in joint venture	'	'	'	80.00%	'	'	'	'
Number of real estate properties acquired	'	5	'	'	'	'	'	'
Fair value of assets acquired	'	$124,800	'	$99,900	'	'	'	'
Cash consideration	'	'	45,500	'	'	'	192,400	'
In-place mortgage financing assumed	'	67,900	'	'	'	'	'	'
Square footage	'	598,100	'	'	228,000	262,000	'	'
Remeasurement gain	'	'	5,435	'	'	'	'	'
Equity interest before acquisition (as a percent)	'	'	20.00%	'	'	'	'	'
Equity interest acquired (as a percent)	'	'	'	'	'	'	100.00%	'
Acquisition date fair values:	'	'	'	'	'	'	'	'
Land	'	'	'	'	'	'	'	60,307
Building and other improvements	'	'	'	'	'	'	'	238,389
Acquired lease intangible assets	'	'	'	'	'	'	'	46,356
Acquired lease intangible liability	'	'	'	'	'	'	'	-26,525
Mortgages payable	'	'	'	'	'	'	'	-69,177	[1]
Net assets acquired	'	'	'	'	'	'	'	249,350
Mortgage premium	'	'	'	'	'	'	'	$1,313

[1]	Includes mortgage premium of $1,313.

Acquisitions_Details_2

Acquisitions (Details 2) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Unaudited Condensed Pro Forma Financial Information	'	'	'	'
Total revenues	$150,394	$147,096	$443,673	$441,335
Net loss	-34,757	-13,433	-15,167	-7,037
Net loss attributable to Company shareholders	($37,119)	($13,433)	($22,254)	($7,037)
Net loss per common share attributable to common shareholders	($0.16)	($0.06)	($0.10)	($0.03)
Weighted average common shares outstanding	236,151	230,597	233,462	217,087

Discontinued_Operations_and_In2

Discontinued Operations and Investment Properties Held for Sale (Details) (USD $)

9 Months Ended

12 Months Ended

9 Months Ended

1 Months Ended

In Thousands, unless otherwise specified

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Jan. 31, 2013

Jan. 16, 2013

Jan. 31, 2013

Jan. 16, 2013

Jan. 31, 2013

Jan. 25, 2013

Jun. 30, 2013

Jun. 21, 2013

Jul. 31, 2013

Sep. 30, 2013

Sep. 26, 2013

property

Discontinued operations

Continuing operations

Mervyns - Ridgecrest

Mervyns - Highland

American Express - DePere

Dick's Sporting Goods - Fresno

Raytheon Facility

LA Fitness - Oceanside

sqft

property

Discontinued operations

sqft

Discontinued operations

Number of real estate properties sold

Square footage

529,600

59,000

80,500

132,300

77,400

105,000

75,400

Consideration

$54,866

$500

$2,133

$17,233

$6,500

$11,500

$17,000

Mortgage debt extinguished

Net sales proceeds

54,029

477

2,030

17,168

6,401

11,142

16,811

Gain

3,640

[1]

1,914

[1]

1,705

Proceeds and gains from disposition of real estate properties

Net proceeds from earnouts and the sale of parcels

13,390

Gains from earnouts and the sale of parcels

8,802

Aggregate net proceeds from property sales and additional transactions

67,419

200,645

67,419

200,645

Aggregate gains from property sales

$12,442

$23,170

$12,442

$23,170

[1]

No gain or loss recognized at disposition due to previously recognized impairment charges.

Discontinued_Operations_and_In3

Discontinued Operations and Investment Properties Held for Sale (Details 2)	Sep. 30, 2013	Dec. 31, 2012
	property	property
Investment properties held for sale	'	'
Number of wholly-owned properties classified as held for sale	5	3
Preston Trail Village	'	'
Investment properties held for sale	'	'
Square footage	180,000	'
Duck Creek	'	'
Investment properties held for sale	'	'
Square footage	134,200	'
Stop & Shop - Beekman	'	'
Investment properties held for sale	'	'
Square footage	40,400	'
Riverpark Phase IIA	'	'
Investment properties held for sale	'	'
Square footage	64,300	'
Rite Aid - Atlanta	'	'
Investment properties held for sale	'	'
Square footage	10,900	'
Investment properties held for sale	'	'
Investment properties held for sale	'	'
Square footage	429,800	'

Discontinued_Operations_and_In4

Discontinued Operations and Investment Properties Held for Sale (Details 3) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	property	property
Investment properties held for sale	'	'
Number of wholly-owned properties classified as held for sale	5	3
Assets	'	'
Accumulated depreciation	($1,350,373)	($1,275,787)
Assets associated with investment properties held for sale	59,248	8,922
Liabilities	'	'
Mortgages payable	18,613	'
Liabilities associated with investment properties held for sale	22,934	60
Investment properties held for sale	'	'
Assets	'	'
Land, building and other improvements	64,925	8,746
Accumulated depreciation	-10,231	-17
Net investment properties	54,694	8,729
Other assets	4,554	193
Assets associated with investment properties held for sale	59,248	8,922
Liabilities	'	'
Mortgages payable	18,613	0
Other liabilities	4,321	60
Liabilities associated with investment properties held for sale	$22,934	$60

Discontinued_Operations_and_In5

Discontinued Operations and Investment Properties Held for Sale (Details 4) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Revenues:	'	'	'	'
Rental income	$1,484	$8,704	$4,950	$30,790
Tenant recovery income	261	-89	846	1,902
Other property income	711	37	6,073	87
Total revenues	2,456	8,652	11,869	32,779
Expenses:	'	'	'	'
Property operating expenses	219	651	827	2,321
Real estate taxes	229	-78	713	1,885
Depreciation and amortization	564	4,427	2,425	14,727
Provision for impairment of investment properties	2,180	22,167	4,662	22,167
Loss on lease terminations	0	0	0	262
Interest expense	301	4,921	1,184	13,706
Other (income) expense, net	-19	4	-53	4
Total expenses	3,474	32,092	9,758	55,072
(Loss) income from discontinued operations, net	($1,018)	($23,440)	$2,111	($22,293)

Compensation_Plans_Details

Compensation Plans (Details) (Equity Compensation Plan, Restricted shares, USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013		Sep. 30, 2012
Equity Compensation Plan \| Restricted shares	'	'	'		'
Equity Compensation Plan	'	'	'		'
Serial vesting on each of the third and fifth anniversaries from the grant date (as a percent)	'	'	50.00%		'
Serial vesting, first vesting year from anniversary of grant date	'	'	'3 years		'
Serial vesting, second vesting year from anniversary of grant date	'	'	'5 years		'
Vesting period for shares granted to Company employees	'	'	'3 years		'
Compensation expense	$133	$48	$320		$162
Additional compensation expense	'	'	113		'
Number of restricted shares in which vesting was accelerated	'	'	9		'
Fair value of vested shares	'	'	139		'
Unvested Restricted Shares	'	'	'		'
Balance at the beginning of the period (in shares)	'	'	46		'
Shares granted (in shares)	'	'	73	[1]	'
Shares vested (in shares)	'	'	-9		'
Shares forfeited (in shares)	'	'	-1		'
Balance at the end of the period (in shares)	109	'	109		'
Weighted Average Grant Date Fair Value per Restricted Share	'	'	'		'
Balance at the beginning of the period (in dollars per share)	'	'	$17.30		'
Shares granted (in dollars per share)	'	'	$14.48		'
Shares vested (in dollars per share)	'	'	$15.53		'
Shares forfeited (in dollars per share)	'	'	$15.61		'
Balance at the end of the period (in dollars per share)	$15.58	'	$15.58		'
Unrecognized compensation expense	'	'	'		'
Total unrecognized compensation expense	$1,106	'	$1,106		'
Weighted average term for amortization of unrecognized compensation expense (in years)	'	'	'2 years 6 months 10 days		'

[1]	Of the shares granted to the Companybs executives, 50% vest on each of the third and fifth anniversaries of the grant date. Shares granted to Company employees vest ratably over three years.

Compensation_Plans_Details_2

Compensation Plans (Details 2) (Stock options, USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Independent Director Stock Option and Incentive Plan	'	'	'	'
Compensation expense	$7	$14	$22	$41
Independent Director Stock Option and Incentive Plan	'	'	'	'
Stock options	'	'	'	'
Options granted (in shares)	'	'	84	70
Options exercised (in shares)	'	'	1	1
Options expired (in shares)	'	'	5	0

Mortgages_and_Notes_Payable_De

Mortgages and Notes Payable (Details) (USD $)

3 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

In Thousands, unless otherwise specified

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2012

Jul. 31, 2012

Sep. 30, 2013

Jul. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Jun. 17, 2013

Sep. 30, 2013

Feb. 02, 2013

Dec. 31, 2012

property

Weighted average

Fixed rate debt

Variable rate debt

Mortgage loans

Construction loans

Secured debt

Notes payable

Matured mortgages payable

IW JV 2009 LLC

IW JV senior mezzanine note

IW JV junior mezzanine note

Debt repaid

Minimum

Maximum

Weighted average

Fixed rate debt

Variable rate debt

Fixed rate debt

Variable rate debt

Fixed rate debt

Mortgages and Notes Payable

Mortgages payable

$2,323,534

[1],[2]

$2,323,534

[1],[2]

$1,997,617

$325,917

$1,708,534

$1,697,617

[3],[4],[5]

$2,078,162

[3]

$10,917

$10,419

$1,708,534

$2,088,581

$1,697,617

$10,917

$125,000

Discount, net of accumulated amortization

-1,109

-1,492

Amount outstanding

1,707,425

2,212,089

1,707,425

2,087,089

125,000

Variable rate debt swapped to fixed rate debt

69,491

300,000

69,491

76,055

Mortgages payable associated with investment properties held for sale

18,613

Number of properties held for sale with mortgages payable

Weighted average interest rate (as a percent)

4.99%

5.53%

1.69%

6.13%

12.80%

Fixed interest rate (as a percent)

6.30%

3.50%

8.00%

6.15%

12.24%

14.00%

Variable interest rate (as a percent)

2.44%

Weighted average years to maturity

'4 years 9 months 20 days

Matured mortgage payable

26,865

Accrued interest on matured mortgage payable

8,618

Mortgages payable repayments

190,000

310,000

326,347

7,250

Restricted escrow held by the lender

1,902

Forgiveness of mortgage debt

19,615

27,449

19,615

Forgiveness of accrued interest

6,716

Gain on extinguishment of debt

26,331

3,879

26,331

Repayment of mortgages payable from condemnation proceeds

Scheduled principal payments related to amortizing loans

15,970

Amount of mortgage and construction loans guaranteed

15,630

Percentage of security against debt

100.00%

Fee on prepayment of debt (as a percent)

5.00%

Prepayment premium

6,250

Non-cash loan fee write-offs

$2,492

[1]

As of SeptemberB 30, 2013, the weighted average years to maturity of consolidated indebtedness was 4.7 years.

[2]

The debt maturity table does not include mortgage discount of $1,109, net of accumulated amortization, which was outstanding as of SeptemberB 30, 2013.

[3]

Includes $69,491 and $76,055 of variable rate mortgage debt that was swapped to a fixed rate as of SeptemberB 30, 2013 and DecemberB 31, 2012, respectively.

[4]

Excludes mortgages payable of $18,613 associated with two investment properties held for sale as of SeptemberB 30, 2013.

[5]

Includes $69,491 of variable rate mortgage debt that was swapped to a fixed rate.

Mortgages_and_Notes_Payable_De1

Mortgages and Notes Payable (Details 2) (USD $)

9 Months Ended

In Thousands, unless otherwise specified

Sep. 30, 2013

Jul. 31, 2012

Sep. 30, 2013

Jul. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Fixed rate debt

Variable rate debt

Mortgages payable

Unsecured credit facility

Fixed rate debt

Variable rate debt

Fixed rate debt

Variable rate debt

Debt

2013

$65,479

2014

64,281

53,364

10,917

53,364

10,917

2015

439,959

2016

37,823

2017

450,617

285,617

165,000

285,617

165,000

Thereafter

1,265,375

1,115,375

150,000

815,375

300,000

[1]

150,000

Total

2,323,534

[2],[3]

1,997,617

325,917

1,708,534

1,697,617

[4],[5],[6]

2,078,162

[6]

10,917

300,000

315,000

Weighted average interest rate on debt (as a percent)

2013

4.63%

0.00%

2014

5.57%

6.21%

2.44%

2015

5.79%

0.00%

2016

6.22%

0.00%

2017

4.25%

5.73%

1.69%

Thereafter

4.92%

5.36%

1.64%

Total

4.99%

5.53%

1.69%

6.13%

Variable rate debt swapped to fixed rate debt

$69,491

$300,000

$69,491

$76,055

Derivative reference rate

'one-month floating rate LIBOR

Fixed interest rate (as a percent)

0.54%

Weighted average years to maturity

'4 years 8 months 20 days

[1]

In July 2012, the Company entered into an interest rate swap transaction to convert the variable rate portion of $300,000 of LIBOR-based debt to a fixed rate through February 24, 2016. The swap effectively converts one-month floating rate LIBOR to a fixed rate of 0.53875% over the term of the swap.

[2]

As of SeptemberB 30, 2013, the weighted average years to maturity of consolidated indebtedness was 4.7 years.

[3]

The debt maturity table does not include mortgage discount of $1,109, net of accumulated amortization, which was outstanding as of SeptemberB 30, 2013.

[4]

Excludes mortgages payable of $18,613 associated with two investment properties held for sale as of SeptemberB 30, 2013.

[5]

Includes $69,491 of variable rate mortgage debt that was swapped to a fixed rate.

[6]

Includes $69,491 and $76,055 of variable rate mortgage debt that was swapped to a fixed rate as of SeptemberB 30, 2013 and DecemberB 31, 2012, respectively.

Credit_Facility_Details

Credit Facility (Details) (USD $)

Sep. 30, 2013

Jul. 31, 2012

13-May-13

Sep. 30, 2013

13-May-13

Sep. 30, 2013

13-May-13

Sep. 30, 2013

In Thousands, unless otherwise specified

financial_institutions

Unsecured credit facility

Unsecured revolving line of credit

Unsecured term loan

February 2012 unsecured credit facility

February 2012 unsecured revolving line of credit

February 2012 unsecured term loan

Minimum

Maximum

Investment grade rated

Minimum

Maximum

Investment grade rated

Minimum

Maximum

Minimum

Maximum

Investment grade rated

Credit Facility

Aggregate borrowing capacity

$1,000,000

$550,000

$650,000

$350,000

Principal amount

450,000

300,000

Maximum borrowing capacity

1,450,000

Period of extension of maturity (in years)

'1 year

Extension fee as a percentage of commitment amount

0.15%

Reference rate for variable interest rate

'LIBOR

Variable interest rate spread (as a percent)

1.50%

0.90%

2.05%

1.70%

1.45%

1.05%

2.00%

2.05%

1.75%

2.50%

Quarterly unused fees (as a percent)

0.25%

0.15%

0.30%

0.35%

Number of financial institutions associated with credit facility that is counterparty to the interest rate swap

Variable rate debt swapped to fixed rate debt

69,491

300,000

Fixed interest rate (as a percent)

0.54%

Interest rate (as percent)

1.69%

1.87%

Amount borrowed

$165,000

Derivative_Instruments_Details

Derivative Instruments (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2013	Dec. 31, 2012
			Secured debt	Interest rate swaps	Interest rate swaps
				instrument	instrument
Derivative Financial Instruments	'	'	'	'	'
Number of interest rate swaps utilized to hedge variable cash flows	'	'	'	3	4
Gain (loss) on cash flow hedges expected to be reclassified to interest expense in the next year	'	'	'	$1,125	'
Repayment of mortgages payable	467,291	765,729	6,405	'	'
Interest Rate Derivatives	'	'	'	'	'
Number of instruments	'	'	'	3	4
Notional	'	'	'	$369,491	$376,055

Derivative_Instruments_Details1

Derivative Instruments (Details 2) (Interest rate swaps, Derivatives designated as cash flow hedges, USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Interest rate swaps \| Derivatives designated as cash flow hedges	'	'
Derivative Financial Instruments	'	'
Fair value of derivative liability	$1,022	$2,783

Derivative_Instruments_Details2

Derivative Instruments (Details 3) (Interest rate swaps, Cash flow hedges, USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Interest rate swaps \| Cash flow hedges	'	'	'	'
Derivative Financial Instruments	'	'	'	'
Amount of loss recognized in OCI on derivative (effective portion)	$1,209	$1,430	$1,113	$1,629
Amount of loss reclassified from accumulated OCI into income (effective portion)	504	449	1,509	1,038
Amount of (gain) loss recognized in income on derivative (ineffective portion and amount excluded from effectiveness testing)	$41	$157	($891)	$467

Investment_in_Unconsolidated_J2

Investment in Unconsolidated Joint Ventures (Details) (USD $)

3 Months Ended

9 Months Ended

12 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

0 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

In Thousands, unless otherwise specified

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2012

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2012

6-May-13

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

third_party

property

Parent company

MS Inland Fund, LLC

Hampton Retail Colorado, L.L.C.

RC Inland L.P.

Oak Property and Casualty LLC

RioCan

third_party

property

Investment Summary

Ownership interest of unconsolidated joint ventures (as a percent)

20.00%

0.00%

95.90%

20.00%

25.00%

Investment in unconsolidated joint ventures

$55,732

$56,872

$7,083

[1]

$7,083

[1]

$8,334

[2]

$124

$41,523

[3]

$39,468

$7,126

[4]

$7,126

[4]

$8,946

Number of real estate properties sold

Number of unaffiliated parties that are co-owners in Captive

Percent of combined condensed financial information

100.00%

Profits, Losses and Capital Activity

Company's share of net income (loss)

105

-1,922

1,054

-5,606

163

475

-122

[5]

2,576

[5]

-1,092

[6]

-348

-1,252

-1,821

-2,577

290

-672

-176

-1,815

Net cash distributions from/(contributions to) joint ventures

-2,915

1,068

404

13,845

490

370

1,943

3,761

855

-193

-3,405

682

-2,394

10,224

Fees earned by the Company

727

700

2,271

2,179

204

188

622

618

523

512

1,648

1,559

Impairment charges

298

1,593

286

1,527

Losses in excess of investment

Amortization of basis differences in joint venture properties

139

Impairment of investment in unconsolidated joint ventures

$1,834

[1]

The MS Inland Fund,B LLC (MS Inland) joint venture was formed with a large state pension fund; the Company is the managing member of the venture and earns fees for providing property management, acquisition and leasing services.

[2]

On May 6, 2013, the Hampton Retail Colorado, L.L.C. (Hampton) joint venture sold its one remaining property and, as of September 30, 2013, the Hampton joint venture has been dissolved.

[3]

The RioCan joint venture was formed with a wholly-owned subsidiary of RioCan Real Estate Investment Trust, a REIT based in Canada. A subsidiary of the Company is the general partner of the joint venture and earns fees for providing property management, asset management and other customary services. On October 1, 2013, the Company dissolved its joint venture arrangement with its partner in RioCan.

[4]

Oak PropertyB & CasualtyB LLC (the Captive) is an insurance association owned by the Company and four other unaffiliated parties. The Captive was formed to insure/reimburse the membersb deductible obligations for property and general liability insurance claims subject to certain limitations. The Company entered into the Captive to stabilize insurance costs, manage exposures and recoup expenses through the function of the Captive.

[5]

During the nine months ended SeptemberB 30, 2013, Hampton determined that the carrying value of certain of its assets was not recoverable and, accordingly, recorded property level impairment charges in the amount of $298, of which the Companybs share was $286. During the three and nine months ended SeptemberB 30, 2012, Hampton recorded impairment charges in the amounts of $71 and $1,593, of which the Companybs share was $68 and $1,527, respectively. The joint venturebs estimates of fair value relating to these impairment assessments were based upon bona fide purchase offers.

[6]

During the nine months ended SeptemberB 30, 2012, the Companybs share of net losses realized by and distributions received from the venture since its inception exceeded the carrying amount of the Companybs investment in Hampton. At such point, application of the equity method of accounting was discontinued and through SeptemberB 30, 2012, $88, representing the Companybs share of losses in excess of its investment in Hampton, was not recorded in the Companybs condensed consolidated financial statements. Due to income realized by Hampton for the period between April 1, 2012 and December 31, 2012, application of the equity method of accounting was re-established for this investment prior to December 31, 2012.

Investment_in_Unconsolidated_J3

Investment in Unconsolidated Joint Ventures (Details 2) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Combined Condensed Financial Information	'	'
Real estate assets	$613,899	$719,416
Less accumulated depreciation	-73,962	-66,127
Real estate, net	539,937	653,289
Assets associated with investment properties held for sale	104,592	'
Other assets, net	144,491	199,454
Total assets	789,020	852,743
Mortgage debt	351,410	471,122
Liabilities associated with investment properties held for sale	71,938	'
Other liabilities, net	45,779	73,336
Total liabilities	469,127	544,458
Total equity	319,893	308,285
Total liabilities and equity	789,020	852,743
RioCan	'	'
Combined Condensed Financial Information	'	'
Real estate assets	343,342	434,704
Less accumulated depreciation	-23,355	-19,287
Real estate, net	319,987	415,417
Assets associated with investment properties held for sale	104,592	'
Other assets, net	101,973	148,511
Total assets	526,552	563,928
Mortgage debt	208,639	312,844
Liabilities associated with investment properties held for sale	71,938	'
Other liabilities, net	29,228	50,076
Total liabilities	309,805	362,920
Total equity	216,747	201,008
Total liabilities and equity	526,552	563,928
Hampton	'	'
Combined Condensed Financial Information	'	'
Real estate assets	0	14,326
Less accumulated depreciation	0	-2,286
Real estate, net	0	12,040
Assets associated with investment properties held for sale	0	'
Other assets, net	0	1,285
Total assets	0	13,325
Mortgage debt	0	14,828
Liabilities associated with investment properties held for sale	0	'
Other liabilities, net	0	300
Total liabilities	0	15,128
Total equity	0	-1,803
Total liabilities and equity	0	13,325
Other Joint Ventures	'	'
Combined Condensed Financial Information	'	'
Real estate assets	270,557	270,386
Less accumulated depreciation	-50,607	-44,554
Real estate, net	219,950	225,832
Assets associated with investment properties held for sale	0	'
Other assets, net	42,518	49,658
Total assets	262,468	275,490
Mortgage debt	142,771	143,450
Liabilities associated with investment properties held for sale	0	'
Other liabilities, net	16,551	22,960
Total liabilities	159,322	166,410
Total equity	103,146	109,080
Total liabilities and equity	$262,468	$275,490

Investment_in_Unconsolidated_J4

Investment in Unconsolidated Joint Ventures (Details 3) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Combined Condensed Financial Information	'	'	'	'
Property related income	$18,993	$18,567	$57,652	$56,423
Other income	2,070	1,906	6,144	5,837
Total revenues	21,063	20,473	63,796	62,260
Property operating expenses	2,611	2,574	7,636	8,650
Real estate taxes	3,423	3,221	10,122	9,803
Depreciation and amortization	9,189	10,544	28,442	32,065
Loss on lease terminations	-18	933	830	1,955
General and administrative expenses	270	279	820	1,139
Interest expense, net	4,002	4,432	10,624	13,392
Other (income) expense, net	-3,838	2,593	30	6,181
Total expenses	15,639	24,576	58,504	73,185
Income (loss) from continuing operations	5,424	-4,103	5,292	-10,925
(Loss) income from discontinued operations	-204	-554	-1,091	-3,228
Gain on sales of investment properties - discontinued operations	0	149	1,019	2,593
Net income (loss)	5,220	-4,508	5,220	-11,560
RioCan	'	'	'	'
Combined Condensed Financial Information	'	'	'	'
Property related income	12,036	11,900	36,758	35,878
Other income	0	0	0	0
Total revenues	12,036	11,900	36,758	35,878
Property operating expenses	1,699	1,797	5,001	5,284
Real estate taxes	2,155	1,935	6,187	5,742
Depreciation and amortization	6,767	7,942	21,128	24,274
Loss on lease terminations	4	924	836	1,629
General and administrative expenses	163	176	457	830
Interest expense, net	2,219	2,514	7,033	7,556
Other (income) expense, net	-4,442	-14	-4,436	823
Total expenses	8,565	15,274	36,206	46,138
Income (loss) from continuing operations	3,471	-3,374	552	-10,260
(Loss) income from discontinued operations	-206	1,607	-1,026	-1,607
Gain on sales of investment properties - discontinued operations	0	0	0	0
Net income (loss)	3,265	-1,767	-474	-11,867
Hampton	'	'	'	'
Combined Condensed Financial Information	'	'	'	'
Property related income	0	0	0	0
Other income	0	0	0	0
Total revenues	0	0	0	0
Property operating expenses	0	0	0	0
Real estate taxes	0	0	0	0
Depreciation and amortization	0	0	0	0
Loss on lease terminations	0	0	0	0
General and administrative expenses	0	7	6	27
Interest expense, net	0	-105	-1,758	-224
Other (income) expense, net	0	0	-13	0
Total expenses	0	-98	-1,765	-197
Income (loss) from continuing operations	0	98	1,765	197
(Loss) income from discontinued operations	0	63	-117	-1,426
Gain on sales of investment properties - discontinued operations	0	0	1,019	0
Net income (loss)	0	161	2,667	-1,229
Other Joint Ventures	'	'	'	'
Combined Condensed Financial Information	'	'	'	'
Property related income	6,957	6,667	20,894	20,545
Other income	2,070	1,906	6,144	5,837
Total revenues	9,027	8,573	27,038	26,382
Property operating expenses	912	777	2,635	3,366
Real estate taxes	1,268	1,286	3,935	4,061
Depreciation and amortization	2,422	2,602	7,314	7,791
Loss on lease terminations	-22	9	-6	326
General and administrative expenses	107	96	357	282
Interest expense, net	1,783	2,023	5,349	6,060
Other (income) expense, net	604	2,607	4,479	5,358
Total expenses	7,074	9,400	24,063	27,244
Income (loss) from continuing operations	1,953	-827	2,975	-862
(Loss) income from discontinued operations	2	-2,224	52	-195
Gain on sales of investment properties - discontinued operations	0	149	0	2,593
Net income (loss)	$1,955	($2,902)	$3,027	$1,536

Investment_in_Unconsolidated_J5

Investment in Unconsolidated Joint Ventures (Details 4) (USD $)

3 Months Ended

9 Months Ended

12 Months Ended

0 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

0 Months Ended

In Thousands, unless otherwise specified

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2012

6-May-13

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Dec. 31, 2012

Oct. 02, 2013

property

Hampton Retail Colorado, L.L.C.

RioCan

RC Inland L.P.

RioCan acquisitions

RioCan dispositions

property

RioCan joint venture partner

RioCan

RC Inland L.P.

RioCan

RC Inland L.P.

property

Property Acquisitions and Dispositions

Number of real estate properties sold

Sales price

$13,300

Gain on sale

149

1,019

2,593

1,019

17,218

Number of real estate properties

Debt repaid with proceeds from sales of properties

190,000

310,000

12,631

Ownership interest acquired by joint venture partner in joint venture

80.00%

Number of real estate properties acquired

Fair value of assets acquired

99,900

124,800

Cash consideration

45,500

In-place mortgage financing assumed

67,900

Weighted average interest rate (as a percent)

4.99%

4.80%

3.70%

Remeasurement gain

5,435

Equity interest before acquisition (as a percent)

20.00%

Ownership interest sold to joint venture partner in joint venture

20.00%

Fair value of assets sold

477,500

95,500

Ownership interest of unconsolidated joint ventures (as a percent)

0.00%

95.90%

20.00%

Consideration received for interest in joint venture

53,700

Mortgages payable

$2,323,534

[1],[2]

$2,323,534

[1],[2]

$209,200

[1]

As of SeptemberB 30, 2013, the weighted average years to maturity of consolidated indebtedness was 4.7 years.

[2]

The debt maturity table does not include mortgage discount of $1,109, net of accumulated amortization, which was outstanding as of SeptemberB 30, 2013.

Equity_Details

Equity (Details) (USD $)

1 Months Ended

12 Months Ended

1 Months Ended

9 Months Ended

12 Months Ended

In Thousands, except Per Share data, unless otherwise specified

Mar. 31, 2012

Dec. 31, 2012

Sep. 30, 2013

Feb. 02, 2013

Dec. 31, 2012

Mar. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

IW JV 2009 LLC

Class B-1 common stock

Class B-2 common stock

Class B-3 common stock

7.00% Series A cumulative redeemable preferred stock

Equity

Reverse stock split ratio

Stock dividend declared per share (in shares)

Number of shares of preferred stock issued

5,400

Dividend rate

7.00%

Liquidation preference per share

$25

Proceeds from issuance of preferred stock

$130,289

Annual dividend per share

$1.75

Redemption period from date of issuance of preferred stock

'5 years

Redemption price per share of preferred stock

$25

IW JV senior and junior mezzanine notes

2,323,534

[1],[2]

125,000

Prepayment premium

$6,250

Weighted average interest rate (as a percent)

4.99%

12.80%

[1]

As of SeptemberB 30, 2013, the weighted average years to maturity of consolidated indebtedness was 4.7 years.

[2]

The debt maturity table does not include mortgage discount of $1,109, net of accumulated amortization, which was outstanding as of SeptemberB 30, 2013.

Equity_Details_2

Equity (Details 2) (USD $)	9 Months Ended		3 Months Ended			9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Sep. 30, 2013
	Sep. 30, 2013	Sep. 30, 2012	2013 ATM Equity Program	2013 ATM Equity Program	2013 ATM Equity Program	2013 ATM Equity Program
Equity	'	'	'	'	'	'
Maximum aggregate offering price	'	'	'	'	'	$200,000
Number of common shares sold	'	'	0	5,491	56	5,547
Total net consideration	83,537	266,491	0	82,839	688	83,527
Average price per share	'	'	$0	$15.30	$14.94	$15.29
Aggregate offering price of remaining common shares available for sale	'	'	$115,165	'	'	$115,165

Earnings_per_Share_Details

Earnings per Share (Details) (USD $)	3 Months Ended				9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2013		Sep. 30, 2012		Sep. 30, 2013		Sep. 30, 2012
Numerator:	'		'		'		'
Loss from continuing operations	($39,389)		($2,918)		($38,014)		($15,441)
Gain on sales of investment properties	1,150		1,650		8,802		6,652
Preferred stock dividends	-2,362		0		-7,087		0
Loss from continuing operations attributable to common shareholders	-40,601		-1,268		-36,299		-8,789
Income (loss) from discontinued operations	687		-14,684		5,751		-5,775
Net loss attributable to common shareholders	-39,914		-15,952		-30,548		-14,564
Distributions paid on unvested restricted shares	-18		-7		-41		-17
Net loss attributable to common shareholders excluding amounts attributable to unvested restricted shares	($39,932)		($15,959)		($30,589)		($14,581)
Denominator for earnings (loss) per common share - basic:	'		'		'		'
Weighted average number of common shares outstanding	236,151	[1]	230,597	[2]	233,462	[1]	217,087	[2]
Effect of dilutive securities - stock options	0	[3]	0	[3]	0	[3]	0	[3]
Denominator for earnings (loss) per common share - diluted:	'		'		'		'
Weighted average number of common and common equivalent shares outstanding	236,151		230,597		233,462		217,087
Shares excluded from computation of earnings per share	'		'		'		'
Shares of restricted stock excluded from weighted average shares outstanding	109		46		109		46
Weighted average number of shares of restricted stock	109		46		93		37
Stock options	'		'		'		'
Anti-dilutive securities excluded from computation of earnings per share	'		'		'		'
Outstanding options to purchase shares of common stock, the effect of which would be anti-dilutive	'		'		78		69
Weighted average exercise price of outstanding options to purchase shares of common stock (in dollars per share)	'		'		$19.10		$20.83

[1]	Excluded from these weighted average amounts are 109 shares of restricted common stock, which equate to 109 and 93 shares, respectively, on a weighted average basis for the three and nine months ended SeptemberB 30, 2013. These shares will continue to be excluded from the computation of basic EPS until contingencies are resolved and the shares are released.
[2]	Excluded from these weighted average amounts are 46 shares of restricted common stock, which equate to 46 and 37 shares, respectively, on a weighted average basis for the three and nine months ended SeptemberB 30, 2012. These shares will continue to be excluded from the computation of basic EPS until contingencies are resolved and the shares are released.
[3]	Outstanding options to purchase shares of common stock, the effect of which would be anti-dilutive, were 78 and 69 shares as of SeptemberB 30, 2013 and 2012, respectively, at a weighted average exercise price of $19.10 and $20.83, respectively.

Provision_for_Impairment_of_In2

Provision for Impairment of Investment Properties (Details) (USD $)

9 Months Ended

12 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

1 Months Ended

9 Months Ended

1 Months Ended

9 Months Ended

In Thousands, unless otherwise specified

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2012

Sep. 30, 2012

Sep. 30, 2013

Jun. 30, 2013

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

property

Consolidated property sold to unaffiliated third party

University Square

Aon Hewitt East Campus

Shops at 5

Raytheon Facility

Preston Trail Village

Rite Aid - Atlanta

Towson Circle

13 former Mervyns properties

3 multi-tenant properties in Dallas, Texas

Mervyns - McAllen

Mervyns - Bakersfield

Pro's Ranch Market

American Express - Phoenix

Mervyns - Ridgecrest

Dick's Sporting Goods - Fresno

Mervyns - Highland

Continuing operations

Discontinued operations

sqft

property

sqft

property

sqft

property

sqft

Provision for Impairment of Investment Properties

Number of properties with impairment indicators

Number of wholly-owned properties classified as held for sale

Number of properties with impairment charges

Number of properties held for sale with impairment charges

Number of properties with impairment indicators whose undiscounted cash flows exceeded its carrying value

Weighted average rate in which undiscounted cash flows exceeded carrying value

25.00%

48.00%

Number of properties with impairment indicators that were subsequently sold

Square footage

287,000

343,000

421,700

105,000

180,000

10,900

1,000,400

132,600

78,000

75,100

75,500

117,600

59,000

77,400

80,500

529,600

Provision for impairment of investment properties

$59,140

$23,490

$1,323

$6,694

[1]

$27,183

[2]

$20,601

[3]

$36

$2,482

$2,518

[4]

$1,939

[5]

$205

[5]

$1,323

[6]

$1,100

[7]

$5,528

[8]

$2,950

$38

$2,694

$4,841

$305

$2,488

$2,223

$54,478

$4,662

$22,167

Estimated fair value of impaired properties

$77,853

$152,231

Number of real estate properties sold

[1]

The Company recorded an impairment charge upon re-evaluating the strategic alternatives for the property. See Note 13 for further discussion.

[2]

The Company recorded an impairment charge based upon the terms and conditions of a bona fide purchase offer received from an unaffiliated third party.

[3]

The Company recorded an impairment charge based upon the terms and conditions of a negotiated sales contract with an unaffiliated third party.

[4]

The Company recorded an impairment charge of $2,482 during the second quarter of 2013 and an additional impairment charge of $36 at the date of disposition during the third quarter of 2013.

[5]

These properties are classified as held for sale as of SeptemberB 30, 2013. The Company recorded impairment charges calculated based upon an estimated fair value equal to expected sales prices from executed sales agreements less estimated transaction costs.

[6]

[7]

[8]

Fair_Value_Measurements_Detail

Fair Value Measurements (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Financial liabilities:	'	'
Mortgages and notes payable, net	$1,707,425	$2,212,089
Carrying value	'	'
Financial liabilities:	'	'
Mortgages and notes payable, net	1,707,425	2,212,089
Credit facility	615,000	380,000
Derivative liability	1,022	2,783
Fair value	'	'
Financial liabilities:	'	'
Mortgages and notes payable, net	1,863,903	2,401,883
Credit facility	615,000	382,723
Derivative liability	$1,022	$2,783

Fair_Value_Measurements_Detail1

Fair Value Measurements (Details 2) (Recurring Fair Value Measurements, USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Level 2	'	'
Fair Value Measurements	'	'
Derivative liability	$1,022	$2,783
Total	'	'
Fair Value Measurements	'	'
Derivative liability	$1,022	$2,783

Fair_Value_Measurements_Detail2

Fair Value Measurements (Details 3) (USD $)

9 Months Ended

12 Months Ended

9 Months Ended

12 Months Ended

In Thousands, unless otherwise specified

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

property

Shops at 5

Aon Hewitt East Campus

University Square

Hampton Retail Colorado, L.L.C.

Investment properties held for sale

Nonrecurring Fair Value Measurements

Operating properties

Investment properties held for sale

Level 2

Level 3

Total

property

Operating properties

Investment properties held for sale

Operating properties

Investment properties held for sale

Fair Value Measurements

Fair value of investment properties

$29,000

$18,000

$29,000

[1]

$18,000

[1]

$47,000

Fair value of investment properties held for sale

19,562

[2]

9,133

[3]

19,562

9,133

Provision for impairment

59,140

23,490

20,601

[4]

27,183

[5]

6,694

[6]

54,478

[7]

2,144

[7]

6,901

[7]

Investment in unconsolidated joint ventures

55,732

56,872

[8]

124

Estimated fair value of impaired properties

77,853

152,231

Number of properties held for sale with impairment charges

Transaction costs

$335

$197

[1]

Includes impairment charges to write down the carrying value of the Companybs Shops at 5, Aon Hewitt and University Square investment properties to estimated fair value. The estimated fair value of Shops at 5 of $29,000 was based upon a negotiated sales agreement with an unaffiliated third party (a Level 2 measurement). The estimated fair value of Aon Hewitt of $18,000 was based upon a bona fide purchase offer received by the Company from an unaffiliated third party (a Level 3 measurement). The estimated fair value of University Square of $0 was based upon consideration of the current and projected operating losses (a Level 3 measurement) that will continue to be realized through ownership of the property. As of the impairment date, management did not believe a willing market participant would pay greater than $0 to acquire the property in an armbs length transaction without substantial modification to existing agreements.

[2]

Includes impairment charges for two investment properties classified as held for sale as of SeptemberB 30, 2013; such charges, calculated as the expected sales prices from executed sales agreements less estimated transaction costs, were determined to be Level 2 inputs. The estimated transaction costs totaling $335 are not reflected as a reduction to the fair value disclosed in the table above.

[3]

Includes impairment charges recorded during 2012 for three investment properties classified as held for sale as of DecemberB 31, 2012; such charges, calculated as the expected sales prices from executed sales agreements less estimated transaction costs, were determined to be Level 2 inputs. The estimated transaction costs totaling $197 are not reflected as a reduction to the fair value disclosed in the table above.

[4]

The Company recorded an impairment charge based upon the terms and conditions of a negotiated sales contract with an unaffiliated third party.

[5]

The Company recorded an impairment charge based upon the terms and conditions of a bona fide purchase offer received from an unaffiliated third party.

[6]

The Company recorded an impairment charge upon re-evaluating the strategic alternatives for the property. See Note 13 for further discussion.

[7]

Excludes impairment charges recorded on investment properties sold prior to SeptemberB 30, 2013 and DecemberB 31, 2012, respectively. Additionally, excludes joint venture investment impairment charges recorded on the Companybs Hampton joint venture as the September 30, 2013 investment balance is $0 following receipt of the final distribution for the venture.

[8]

On May 6, 2013, the Hampton Retail Colorado, L.L.C. (Hampton) joint venture sold its one remaining property and, as of September 30, 2013, the Hampton joint venture has been dissolved.

Fair_Value_Measurements_Detail3

Fair Value Measurements (Details 4) (USD $)	9 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Fair Value Measurements	'	'
Mortgages and notes payable, net	1,707,425	2,212,089
Mortgages payable \| Minimum	'	'
Fair Value Measurements	'	'
Discount rate (as a percent)	2.40%	2.50%
Mortgages payable \| Maximum	'	'
Fair Value Measurements	'	'
Discount rate (as a percent)	5.00%	4.50%
Credit facility	'	'
Fair Value Measurements	'	'
Discount rate (as a percent)	1.50%	2.00%
Level 3	'	'
Fair Value Measurements	'	'
Mortgages and notes payable, net	1,863,903	2,401,883
Credit facility	615,000	382,723
Total	'	'
Fair Value Measurements	'	'
Mortgages and notes payable, net	1,863,903	2,401,883
Credit facility	615,000	382,723

Commitments_and_Contingencies_

Commitments and Contingencies (Details) (Guarantees, Mortgage loans, USD $)	Sep. 30, 2013
In Thousands, unless otherwise specified	Sep. 30, 2013
Guarantees \| Mortgage loans	'
Commitments and Contingencies	'
Amount of mortgage and construction loans guaranteed	$15,630

Subsequent_Events_Details

Subsequent Events (Details) (USD $)

9 Months Ended

12 Months Ended

9 Months Ended

12 Months Ended

0 Months Ended

1 Months Ended

In Thousands, except Per Share data, unless otherwise specified

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Oct. 05, 2013

Oct. 29, 2013

Oct. 15, 2013

Oct. 02, 2013

Nov. 05, 2013

7.00% Series A cumulative redeemable preferred stock

University Square

Preston Trail Village

Subsequent events

sqft

Class B-3 common stock

7.00% Series A cumulative redeemable preferred stock

Common stock

Restricted shares

RioCan acquisitions

Stop & Shop - Beekman

Duck Creek

University Square

Preston Trail Village

Mortgages payable

Unsecured revolving line of credit

Independent Director Stock Option and Incentive Plan

property

sqft

Subsequent Events

Amount drawn on unsecured revolving line of credit

$35,000

Repayment of mortgages payable

467,291

765,729

24,066

Interest rate (as a percent)

6.39%

Prepayment premium

2,771

Square footage

287,000

180,000

40,400

134,200

287,100

180,000

Sales price

15,300

19,700

175

17,955

Anticipated gain on sale

5,364

1,443

Anticipated gain on extinguishment of other liabilities

$3,511

Ownership interest acquired by joint venture partner in joint venture

80.00%

Number of real estate properties acquired

Shares of Class B common stock converted to Class A common stock

48,518

48,519

Number of restricted shares granted

Grant date fair value of restricted shares (in dollars per share)

$13.91

Preferred stock, dividend rate

7.00%

Preferred stock dividends declared (per share)

$0.44

Common stock dividends declared (per share)

$0.50

$0.17