Brixmor Property (BRX) 10-Q 25 Jul 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Jul. 01, 2016
Entity Registrant Name	Brixmor Property Group Inc.
Entity Central Index Key	1,581,068
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Amendment Flag	false
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		301,098,930
Brixmor Operating Partnership LP [Member]
Entity Registrant Name	Brixmor Operating Partnership LP
Entity Central Index Key	1,630,031
Document Period End Date	Jun. 30, 2016
Amendment Flag	false
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Real estate
Land	$ 2,010,074	$ 2,011,947
Buildings and improvements	8,953,635	8,920,903
Real estate, gross	10,963,709	10,932,850
Accumulated depreciation and amortization	(2,034,045)	(1,880,685)
Real estate, net	8,929,664	9,052,165
Investments in and advances to unconsolidated joint ventures	5,028	5,019
Cash and cash equivalents	114,272	69,528
Restricted cash	47,861	41,462
Marketable securities	28,752	23,001
Receivables, net of allowance for doubtful accounts of $16,166 and $16,587	169,824	180,486
Deferred charges and prepaid expenses, net	115,266	109,149
Other assets	17,122	17,197
Total assets	9,427,789	9,498,007
Liabilities
Debt obligations, net	5,966,533	5,974,266
Accounts payable, accrued expenses and other liabilities	560,215	603,439
Total liabilities	6,526,748	6,577,705
Commitments and contingencies (Note 12)
Equity
Common stock	3,011	2,991
Additional paid in capital	3,287,330	3,270,246
Accumulated other comprehensive loss	(1,281)	(2,509)
Distributions in excess of net income	(423,018)	(400,945)
Total stockholders’ equity	2,866,042	2,869,783
Non-controlling interests	34,999	50,519
Total equity	2,901,041	2,920,302
Total liabilities and equity	9,427,789	9,498,007
Brixmor Operating Partnership LP [Member]
Real estate
Land	2,010,074	2,011,947
Buildings and improvements	8,953,635	8,920,903
Real estate, gross	10,963,709	10,932,850
Accumulated depreciation and amortization	(2,034,045)	(1,880,685)
Real estate, net	8,929,664	9,052,165
Investments in and advances to unconsolidated joint ventures	5,028	5,019
Cash and cash equivalents	114,236	69,506
Restricted cash	47,861	41,462
Marketable securities	28,534	22,791
Receivables, net of allowance for doubtful accounts of $16,166 and $16,587	169,824	180,486
Deferred charges and prepaid expenses, net	115,266	109,149
Other assets	17,122	17,197
Total assets	9,427,535	9,497,775
Liabilities
Debt obligations, net	5,966,533	5,974,266
Accounts payable, accrued expenses and other liabilities	560,215	603,439
Total liabilities	6,526,748	6,577,705
Commitments and contingencies (Note 12)
Equity
Common stock	2,902,060	2,922,565
Accumulated other comprehensive loss	(1,273)	(2,495)
Total equity	2,900,787	2,920,070
Total liabilities and equity	$ 9,427,535	$ 9,497,775

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Allowance for doubtful accounts receivable	$ 16,166	$ 16,587
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	3,000,000,000	3,000,000,000
Common stock, shares outstanding	301,098,930	299,138,450
Brixmor Operating Partnership LP [Member]
Allowance for doubtful accounts receivable	$ 16,166	$ 16,587
Common stock, shares outstanding	304,691,465	304,366,215

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Revenues
Rental income	$ 245,575	$ 244,030	$ 496,721	$ 487,600
Expense reimbursements	61,763	65,512	131,475	135,266
Other revenues	2,719	2,569	4,965	4,538
Total revenues	310,057	312,111	633,161	627,404
Operating expenses
Operating costs	31,415	30,667	66,466	65,827
Real estate taxes	38,683	43,974	83,074	88,163
Depreciation and amortization	95,818	104,441	196,297	212,985
Provision for doubtful accounts	1,621	2,525	4,361	5,020
Impairment of real estate assets	0	0	0	807
General and administrative	27,198	20,285	47,922	51,000
Total operating expenses	194,735	201,892	398,120	423,802
Other income (expense)
Dividends and interest	319	90	392	184
Interest expense	(56,184)	(62,158)	(113,627)	(124,722)
Gain on sale of real estate assets	7,782	9,224	7,782	9,224
Gain on extinguishment of debt, net	93	493	93	785
Other	(1,981)	(2,811)	(2,888)	(2,995)
Total other expense	(49,971)	(55,162)	(108,248)	(117,524)
Income before equity in income of unconsolidated joint ventures	65,351	55,057	126,793	86,078
Equity in income of unconsolidated joint ventures	119	110	226	225
Net income	65,470	55,167	127,019	86,303
Net income attributable to non-controlling interests	(1,014)	(1,055)	(2,086)	(1,768)
Net income attributable to common stockholders	$ 64,456	$ 54,112	$ 124,933	$ 84,535
Net income attributable to common stockholders:
Basic (usd per share)	$ 0.21	$ 0.18	$ 0.42	$ 0.28
Diluted (usd per share)	$ 0.21	$ 0.18	$ 0.42	$ 0.28
Weighted average shares:
Basic (usd per share)	299,872	298,464	299,526	297,332
Diluted (usd per share)	300,204	298,994	304,861	304,719
Brixmor Operating Partnership LP [Member]
Revenues
Rental income	$ 245,575	$ 244,030	$ 496,721	$ 487,600
Expense reimbursements	61,763	65,512	131,475	135,266
Other revenues	2,719	2,569	4,965	4,538
Total revenues	310,057	312,111	633,161	627,404
Operating expenses
Operating costs	31,415	30,667	66,466	65,827
Real estate taxes	38,683	43,974	83,074	88,163
Depreciation and amortization	95,818	104,441	196,297	212,985
Provision for doubtful accounts	1,621	2,525	4,361	5,020
Impairment of real estate assets	0	0	0	807
General and administrative	27,198	20,285	47,922	51,000
Total operating expenses	194,735	201,892	398,120	423,802
Other income (expense)
Dividends and interest	319	90	392	184
Interest expense	(56,184)	(62,158)	(113,627)	(124,722)
Gain on sale of real estate assets	7,782	9,224	7,782	9,224
Gain on extinguishment of debt, net	93	493	93	785
Other	(1,981)	(2,811)	(2,888)	(2,995)
Total other expense	(49,971)	(55,162)	(108,248)	(117,524)
Income before equity in income of unconsolidated joint ventures	65,351	55,057	126,793	86,078
Equity in income of unconsolidated joint ventures	119	110	226	225
Net income	65,470	55,167	127,019	86,303
Net income attributable to Brixmor Operating Partnership LP	$ 65,470	$ 55,167	$ 127,019	$ 86,303
Net income attributable to common stockholders:
Basic (usd per share)	$ 0.21	$ 0.18	$ 0.42	$ 0.28
Diluted (usd per share)	$ 0.21	$ 0.18	$ 0.42	$ 0.28
Weighted average shares:
Basic (usd per share)	304,588	304,283	304,535	303,710
Diluted (usd per share)	304,920	304,813	304,861	304,719

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Net income	$ 65,470	$ 55,167	$ 127,019	$ 86,303
Other comprehensive income (loss)
Unrealized gain (loss) on interest rate hedges	1,135	718	1,092	(1,719)
Unrealized gain (loss) on marketable securities	32	(16)	136	18
Total other comprehensive income (loss)	1,167	702	1,228	(1,701)
Comprehensive income	66,637	55,869	128,247	84,602
Comprehensive income attributable to non-controlling interests	(1,014)	(1,055)	(2,086)	(1,768)
Comprehensive income attributable to the Company	65,623	54,814	126,161	82,834
Brixmor Operating Partnership LP [Member]
Net income	65,470	55,167	127,019	86,303
Other comprehensive income (loss)
Unrealized gain (loss) on interest rate hedges	1,135	718	1,092	(1,719)
Unrealized gain (loss) on marketable securities	31	(12)	130	19
Total other comprehensive income (loss)	1,166	706	1,222	(1,700)
Comprehensive income attributable to the Company	$ 66,636	$ 55,873	$ 128,241	$ 84,603

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Brixmor Operating Partnership LP [Member]	Common Stock [Member]	Common Stock [Member]Brixmor Operating Partnership LP [Member]	Additional Paid in Capital [Member]	Accumulated Other Comprehensive Loss [Member]	Accumulated Other Comprehensive Loss [Member]Brixmor Operating Partnership LP [Member]	Distributions and Accumulated Losses [Member]	Non-controlling Interests [Member]
Beginning balance, shares at Dec. 31, 2014			296,552
Beginning balance, value at Dec. 31, 2014	$ 2,980,303	$ 2,979,956	$ 2,966	$ 2,984,381	$ 3,223,941	$ (4,435)	$ (4,425)	$ (318,762)	$ 76,593
Increase (Decrease) in Equity [Roll Forward]
Common stock dividends	(134,967)							(134,967)
Distributions to non-controlling interests	(2,835)								(2,835)
Distributions to partners		(137,704)		(137,704)
Equity based compensation expense (benefit)	15,548				15,201				347
Equity based compensation expense (benefit)		15,548		15,548
Issuance of common stock and OP Units, shares			33
Other comprehensive income (loss)	(1,701)	(1,700)				(1,701)	(1,700)
Issuance of common stock and OP Units	22	22		22	(743)				765
Conversion of Operating Partnership units into common stock, share			1,903
Conversion of Operating Partnership units into common stock	0		$ 19		19,470				(19,489)
Shared-based awards retained for taxes	(430)	(430)		(430)	(430)
Net (loss) income	86,303	86,303		86,303				84,535	1,768
Ending balance, shares at Jun. 30, 2015			298,488
Ending balance, value at Jun. 30, 2015	2,942,243	2,941,995	$ 2,985	2,948,120	3,257,439	(6,136)	(6,125)	(369,194)	57,149
Beginning balance, shares at Dec. 31, 2015			299,138
Beginning balance, value at Dec. 31, 2015	2,920,302	2,920,070	$ 2,991	2,922,565	3,270,246	(2,509)	(2,495)	(400,945)	50,519
Increase (Decrease) in Equity [Roll Forward]
Common stock dividends	(147,006)							(147,006)	0
Distributions to non-controlling interests	(2,207)								(2,207)
Distributions to partners		(149,230)		(149,230)
Equity based compensation expense (benefit)	4,578				4,510				68
Equity based compensation expense (benefit)		4,578		4,578
Issuance of common stock and OP Units, shares			199
Other comprehensive income (loss)	1,228	1,222				1,228	1,222
Issuance of common stock and OP Units	210	211	$ 2	211	(1,396)				1,604
Conversion of Operating Partnership units into common stock, share			1,761
Conversion of Operating Partnership units into common stock	0		$ 18		17,053				(17,071)
Shared-based awards retained for taxes	(3,083)	(3,083)		(3,083)	(3,083)
Net (loss) income	127,019	127,019		127,019				124,933	2,086
Ending balance, shares at Jun. 30, 2016			301,098
Ending balance, value at Jun. 30, 2016	$ 2,901,041	$ 2,900,787	$ 3,011	$ 2,902,060	$ 3,287,330	$ (1,281)	$ (1,273)	$ (423,018)	$ 34,999

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTs OF CHANGES IN EQUITY (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Statement of Stockholders' Equity [Abstract]
Dividends, per common share	$ 0.245	$ 0.225	$ 0.49	$ 0.45

CONDENSED CONSOLIDATED STATEME8

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Operating activities:
Net income	$ 127,019	$ 86,303
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	196,297	212,985
Debt premium and discount amortization	(7,772)	(9,859)
Deferred financing cost amortization	3,888	4,090
Above- and below-market lease intangible amortization	(20,116)	(24,437)
Provisions for impairment	0	807
Gain on disposition of operating properties	7,782	9,224
Equity based compensation	4,578	15,548
Other	498	90
Gain on extinguishment of debt, net	(97)	(795)
Changes in operating assets and liabilities:
Restricted cash	(5,727)	(8,863)
Receivables	10,551	13,057
Deferred charges and prepaid expenses	(15,614)	(11,545)
Other assets	281	(253)
Accounts payable, accrued expenses and other liabilities	(15,545)	3,489
Net cash provided by operating activities	270,459	271,393
Investing activities:
Improvements to and investments in real estate assets	(83,639)	(97,875)
Acquisitions of real estate assets	0	52,278
Proceeds from sales of real estate assets	20,534	41,795
Change in restricted cash attributable to investing activities	(672)	864
Purchase of marketable securities	(17,361)	(9,651)
Proceeds from sale of marketable securities	11,709	9,905
Net cash used in investing activities	(69,429)	(107,240)
Financing activities:
Repayment of debt obligations and financing liabilities	(178,547)	(495,437)
Repayment of borrowings under unsecured revolving credit facility	(597,000)	(682,475)
Proceeds from borrowings under unsecured revolving credit facility	181,000	460,000
Proceeds from unsecured term loan and notes	592,068	695,156
Deferred financing costs	(1,273)	(1,899)
Distributions to common stockholders	(146,841)	(133,909)
Distributions to non-controlling interests	(2,610)	(23,120)
Repurchase of common shares in conjunction with equity award plans	(3,083)	(329)
Net cash used in financing activities	(156,286)	(182,013)
Change in cash and cash equivalents	44,744	(17,860)
Cash and cash equivalents at beginning of period	69,528	60,595
Cash and cash equivalents at end of period	114,272	42,735
Supplemental disclosure of cash flow information:
Cash paid for interest, net of amount capitalized of $1,169 and $1,475	114,951	117,687
Brixmor Operating Partnership LP [Member]
Operating activities:
Net income	127,019	86,303
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	196,297	212,985
Debt premium and discount amortization	(7,772)	(9,859)
Deferred financing cost amortization	3,888	4,090
Above- and below-market lease intangible amortization	(20,116)	(24,437)
Provisions for impairment	0	807
Gain on disposition of operating properties	7,782	9,224
Equity based compensation	4,578	15,548
Other	498	90
Gain on extinguishment of debt, net	(97)	(795)
Changes in operating assets and liabilities:
Restricted cash	(5,727)	(8,863)
Receivables	10,551	13,057
Deferred charges and prepaid expenses	(15,614)	(11,545)
Other assets	281	(253)
Accounts payable, accrued expenses and other liabilities	(15,545)	3,491
Net cash provided by operating activities	270,459	271,395
Investing activities:
Improvements to and investments in real estate assets	(83,639)	(97,875)
Acquisitions of real estate assets	0	52,278
Proceeds from sales of real estate assets	20,534	41,795
Change in restricted cash attributable to investing activities	(672)	864
Purchase of marketable securities	(17,350)	(9,649)
Proceeds from sale of marketable securities	11,709	9,905
Net cash used in investing activities	(69,418)	(107,238)
Financing activities:
Repayment of debt obligations and financing liabilities	(178,547)	(495,437)
Repayment of borrowings under unsecured revolving credit facility	(597,000)	(682,475)
Proceeds from borrowings under unsecured revolving credit facility	181,000	460,000
Proceeds from unsecured term loan and notes	592,068	695,156
Deferred financing costs	(1,273)	(1,899)
Partner distributions	(152,559)	(137,384)
Distributions to non-controlling interests	0	(19,871)
Net cash used in financing activities	(156,311)	(181,910)
Change in cash and cash equivalents	44,730	(17,753)
Cash and cash equivalents at beginning of period	69,506	60,450
Cash and cash equivalents at end of period	$ 114,236	$ 42,697

CONDENSED CONSOLIDATED STATEME9

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Interest paid, capitalized	$ 1,169	$ 1,475
Brixmor Operating Partnership LP [Member]
Interest paid, capitalized	$ 1,169	$ 1,475

Nature of Business and Financia

Nature of Business and Financial Statement Presentation	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Nature of Business and Financial Statement Presentation	Nature of Business and Financial Statement Presentation Description of Business Brixmor Property Group Inc. and subsidiaries (collectively, the “Parent Company”) is an internally-managed REIT. Brixmor Operating Partnership LP and subsidiaries (collectively, the “Operating Partnership”) is the entity through which the Parent Company conducts substantially all of its operations and owns substantially all of its assets. The Parent Company owns 100% of the common stock of BPG Subsidiary Inc. (“BPG Sub”), which, in turn, is the sole member of Brixmor OP GP LLC (the “General Partner”), the sole general partner of the Operating Partnership. The Parent Company engages in the ownership, management, leasing, acquisition and development of retail shopping centers through the Operating Partnership, and has no other substantial assets or liabilities other than through its investment in the Operating Partnership. The Parent Company, the Operating Partnership and their controlled subsidiaries on a consolidated basis (collectively the “Company” or “Brixmor”) believes it owns and operates the second largest open air retail portfolio in the United States, comprised primarily of community and neighborhood shopping centers. The Company does not distinguish its principal business or group its operations on a geographical basis for purposes of measuring performance. Accordingly, the Company believes it has a single reportable segment for disclosure purposes in accordance with U.S. generally accepted accounting principles (“GAAP”). Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with GAAP for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for the fair presentation of the unaudited Condensed Consolidated Financial Statements for the periods presented have been included. The operating results for the periods presented are not necessarily indicative of the results that may be expected for a full fiscal year. These financial statements should be read in conjunction with the financial statements for the year ended December 31, 2015 and accompanying notes included in the Company's annual report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on February 29, 2016. Principles of Consolidation The accompanying unaudited Condensed Consolidated Financial Statements include the accounts of the Parent Company, the Operating Partnership, each of their wholly owned subsidiaries and all other entities in which they have a controlling financial interest. The portions of consolidated entities not owned by the Company are presented as non-controlling interests as of and during the periods presented. All intercompany transactions have been eliminated. Subsequent Events In preparing the unaudited Condensed Consolidated Financial Statements, the Company has evaluated events and transactions occurring after June 30, 2016 for recognition or disclosure purposes. Based on this evaluation, there were no subsequent events from June 30, 2016 through the date the financial statements were issued, except as follows. On July 25, 2016, the Operating Partnership entered into an Amended and Restated Revolving Credit and Term Loan Agreement (the “Amended Credit Facility”) with JPMorgan Chase Bank, N.A., as administrative agent (the “Agent”), and the lenders party thereto as set forth in the Amended Credit Facility. The Amended Credit Facility amends and restates the Company's $2.75 billion Revolving Credit and Term Loan Agreement, dated as of July 16, 2013, as amended (the “Unsecured Credit Facility”). The Amended Credit Facility provides for (1) revolving loan commitments of $1.25 billion (the “Revolving Facility”) maturing July 31, 2020 (representing a three -year extension from the applicable maturity date under the Unsecured Credit Facility) and (2) a reallocation of the term loan under the Unsecured Credit Facility that was to mature on July 31, 2018 into two non-amortizing term loan tranches comprised of a $1.0 billion tranche A term loan maturing July 31, 2018 (the “Tranche A Term Loan”), and a $500.0 million tranche B term loan maturing July 31, 2021 (the “Tranche B Term Loan”). The Revolving Facility includes two six -month maturity extension options, the exercise of which is subject to customary conditions and the payment of a fee on the extended commitments of 0.075% . The Amended Credit Facility includes the option to increase the revolving loan commitments by, or add term loans in an amount, up to $1.0 billion in the aggregate to the extent that any one or more lenders (from the syndicate or otherwise) agree to provide such additional credit extensions. As of July 25, 2016, there were no amounts drawn under the Revolving Facility. Borrowings under the Amended Credit Facility will bear interest, at the Operating Partnership’s option, (1) with respect to the Revolving Facility, at a rate of either LIBOR plus a margin ranging from 0.875% to 1.55% or a base rate plus a margin ranging from 0.00% to 0.55% , in each case, with the actual margin determined according to the Operating Partnership’s credit rating and (2) with respect to each of the Tranche A Term Loan and Tranche B Term Loan, at a rate of either LIBOR plus a margin ranging from 0.90% to 1.75% or the base rate plus a margin ranging from 0.00% to 0.75% , in each case, with the actual margin determined according to the Operating Partnership’s credit rating. The base rate is the highest of the Agent’s prime rate, the federal funds rate plus 0.50% and the daily one-month LIBOR plus 1.00% . In addition, the Amended Credit Facility requires the payment of a facility fee ranging from 0.125% to 0.30% (depending on the Operating Partnership’s credit rating) on the total commitments under the Revolving Facility. For more information, see Item 5 of Part II of this Form 10-Q for the quarter ended June 30, 2016. Additionally, on July 25, 2016, the Operating Partnership entered into Amendment No. 2 to Term Loan Agreement (“Term Loan Second Amendment”) with JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto. The Term Loan Second Amendment amends the Company's $600.0 million Term Loan Agreement, dated as of March 18, 2014, as amended (the “Existing Term Loan Agreement”). The Term Loan Second Amendment does not change any of the maturity or pricing terms of the Existing Term Loan Agreement, but otherwise implements various covenant and technical amendments to make the Existing Term Loan Agreement consistent with amendments made to corresponding provisions of the Unsecured Credit Facility pursuant to the Amended Credit Facility. For more information, see Item 5 of Part II of this Form 10-Q for the quarter ended June 30, 2016. Income Taxes The Parent Company has elected to qualify as a REIT in accordance with the Internal Revenue Code of 1986, as amended (the “Code”). To qualify as a REIT, the Parent Company must meet a number of organizational and operational requirements, including a requirement that it currently distribute at least 90% of its adjusted REIT taxable income to its stockholders. It is management’s intention to adhere to these requirements and maintain the Parent Company’s REIT status. As a REIT, the Parent Company generally will not be subject to federal income tax, provided that distributions to its stockholders equal at least the amount of its REIT taxable income as defined under the Code. If the Parent Company fails to qualify as a REIT in any taxable year, it will be subject to federal taxes at regular corporate rates (including any applicable alternative minimum tax) and may not be able to qualify as a REIT for four subsequent taxable years. The Operating Partnership is organized as a limited partnership and is generally not subject to federal or state income taxes. BPG Sub also has elected to qualify as a REIT under the Code and is subject to the same tax requirements and tax treatment as the Parent Company. BPG Sub has a taxable REIT subsidiary, and the Parent Company and BPG Sub may in the future elect to treat newly formed subsidiaries as taxable REIT subsidiaries which would be subject to income tax. Taxable REIT subsidiaries may participate in non-real estate-related activities and/or perform non-customary services for tenants and are subject to United States federal and state income tax at regular corporate tax rates. The Company has analyzed the tax position taken on income tax returns for the open 2013 through 2015 tax years and has concluded that no provision for income taxes related to uncertain tax positions is required in the Company’s unaudited Condensed Consolidated Financial Statements as of June 30, 2016 and December 31, 2015. New Accounting Pronouncements In March 2016, the Financial Accounting Standards Board ("FASB") issued ASU No. 2016-09, "Compensation - Stock Compensation (Topic 718)." ASU 2016-09 sets out improvements to Employee Share-Based Payment Accounting. The new standard impacts certain aspects of the accounting for share-based payment transactions, including income tax consequences, classification of awards as either equity or liabilities, and classification on the statements of cash flows. The standard is effective on January 1, 2017, with early adoption permitted. The Company is currently in the process of evaluating the impact the adoption of ASU 2016-09 will have on the unaudited Condensed Consolidated Financial Statements of the Company. In February 2016, the FASB issued ASU 2016-02, "Leases (Topic 842)." ASU 2016-02 sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract (i.e., lessees and lessors). The new standard requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. This classification will determine whether lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for similar to existing guidance for operating leases today. The new standard requires lessors to account for leases using an approach that is substantially equivalent to existing guidance for sales-type leases, direct financing leases and operating leases. The standard is effective on January 1, 2019, with early adoption permitted. The Company is currently in the process of evaluating the impact the adoption of ASU 2016-02 will have on the unaudited Condensed Consolidated Financial Statements of the Company. In February 2015, the FASB issued ASU 2015-02 “Amendments to the Consolidation Analysis to ASC Topic 810 Consolidation.” ASU 2015-02 updates to include all reporting entities within the scope of Subtopic 810-10 Consolidation - Overall, including limited partnerships and similar legal entities, unless a scope exception applies. Overall the amendments in this update are to simplify the codification and reduce the number of consolidation models and place more emphasis on risk of loss when determining controlling financial interests. ASU 2015-02 was effective for public businesses for interim and annual periods beginning after December 15, 2015. This ASU was effective for the Company beginning in the first quarter of the year ended December 31, 2016. The Company has evaluated the impact of the adoption of ASU 2015-02 on its unaudited Condensed Consolidated Financial Statements and have determined under ASU 2015-02 the Operating Partnership is considered a variable interest entity (“VIE”). The Parent Company is the primary beneficiary of the VIE and the Parent Company’s partnership interest is considered a majority voting interest. As such, this standard did not have a material impact on the unaudited Condensed Consolidated Financial Statements of the Company. In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers.” ASU No. 2014-09 contains a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. The guidance in ASU No. 2014-09 affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. For public entities, ASU No. 2014-09, as amended by ASU No. 2015-14, is effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Early adoption is permitted for reporting periods beginning after December 15, 2016. The Company is currently in the process of evaluating the impact the adoption of ASU No. 2014-09 will have on the unaudited Condensed Consolidated Financial Statements of the Company. Any other recently issued accounting standards or pronouncements not disclosed above have been excluded as they either are not relevant to the Company, or they are not expected to have a material effect on the unaudited Condensed Consolidated Financial Statements of the Company.

Acquisition of Real Estate

Acquisition of Real Estate	6 Months Ended
	Jun. 30, 2016
Real Estate [Abstract]
Acquisition of Real Estate	Acquisition of Real Estate During the three and six months ended June 30, 2016, the Company did not acquire any properties. During the three and six months ended June 30, 2015, the Company acquired the following properties, in separate transactions (dollars in thousands): Purchase Price Property Name Location Month Acquired Cash Debt Assumed Total GLA Retail Building at Bardin Place Center Arlington, TX Jun-15 $ 9,258 $ — $ 9,258 96,127 Larchmont Centre Mt. Laurel, NJ Jun-15 11,000 7,000 18,000 103,787 Webster Square Shopping Center Marshfield, MA Jun-15 31,950 — 31,950 182,756 $ 52,208 $ 7,000 $ 59,208 382,670 The aggregate purchase price of the properties acquired during the six months ended June 30, 2015, has been allocated as follows: Assets Land $ 12,924 Buildings 35,640 Building improvements 4,634 Tenant improvements 2,273 Above market rents 120 In-Place leases 4,010 Real estate, net 59,601 Deferred charges and prepaid expenses, net 1,787 Total assets 61,388 Liabilities Secured loan payable $ 7,000 Secured loan fair value adjustment 440 Debt obligations, net 7,440 Accounts payable, accrued expenses and other liabilities (Below Market Leases) 1,740 Total liabilities 9,180 Net Assets Acquired $ 52,208 In addition the Company acquired the following outparcel buildings and land parcels adjacent to existing Company owned shopping centers in connection with its repositioning activities at those centers: (i) during the three and six months ended June 30, 2016, two land parcels and one outparcel building for an aggregate purchase price of $1.2 million ; (ii) during the three and six months ended June 30, 2015, two outparcel buildings for an aggregate purchase price of $2.1 million . These amounts are included in Improvements to and investments in real estate assets on the unaudited Condensed Company's Consolidated Statement of Cash Flows. The real estate operations acquired were not considered material to the Company, individually or in the aggregate, and therefore pro forma financial information is not necessary. During the three and six months ended June 30, 2016 and 2015, the Company incurred $0.2 million and $1.5 million of acquisition related expenses, respectively. These amounts are included in Other in the unaudited Condensed Consolidated Statements of Operations.

Discontinued Operations and Ass

Discontinued Operations and Assets Held for Sale	6 Months Ended
	Jun. 30, 2016
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations and Assets Held for Sale	Disposals, Discontinued Operations and Assets Held for Sale During the three and six months ended June 30, 2016, the Company disposed of two shopping centers and one outparcel building for net proceeds of $20.5 million resulting in a gain of $7.8 million . The Company had no properties held for sale as of June 30, 2016 or December 31, 2015. During the three months ended June 30, 2015, the Company disposed of three shopping centers and two outparcel buildings for net proceeds of $31.9 million resulting in a gain of $9.2 million . During the six months ended June 30, 2015, the Company disposed of four shopping centers and two outparcel buildings for net proceeds of $41.8 million resulting in a gain of $9.2 million and an impairment of $0.8 million . The impairment charge was based upon the sales price in the signed contract with the third party buyer, adjusted to reflect associated disposition costs. These inputs are classified as Level 3 of the fair value hierarchy. The results of operations from the disposed shopping centers are included in income from continuing operations. There were no discontinued operations for the three and six months ended June 30, 2016 and 2015 as none of the disposals represented a strategic shift in the Company's business that would qualify as discontinued operations.

Real Estate

Real Estate	6 Months Ended
	Jun. 30, 2016
Real Estate [Abstract]
Real Estate	Real Estate The Company’s components of Real estate, net consisted of the following: June 30, 2016 December 31, 2015 Land $ 2,010,074 $ 2,011,947 Buildings and improvements: Buildings and tenant improvements 8,095,182 8,043,325 Lease intangibles (1) 858,453 877,578 10,963,709 10,932,850 Accumulated depreciation and amortization (1) (2,034,045 ) (1,880,685 ) Total $ 8,929,664 $ 9,052,165 (1) At June 30, 2016 and December 31, 2015, Lease intangibles consisted of the following: (i) $ 779.5 million and $ 796.8 million , respectively, of in-place lease value, (ii) $ 79.0 million and $ 80.8 million , respectively, of above-market leases, and (iii) $ 625.2 million and $ 606.5 million , respectively, of accumulated amortization. These intangible assets are amortized over the term of each related lease. In addition, at June 30, 2016 and December 31, 2015, the Company had intangible liabilities relating to below-market leases of $ 496.6 million and $ 505.8 million , respectively, and accumulated amortization of $ 252.8 million and $ 237.2 million , respectively. These intangible liabilities, which are included in Accounts payable, accrued expenses and other liabilities in the Company’s unaudited Condensed Consolidated Balance Sheets, are accreted over the term of each related lease, including any renewal periods that are considered to be below market. Net above and below market lease intangible accretion income for the three months ended June 30, 2016 and 2015 was $9.1 million and $10.9 million , respectively. Net above and below market lease intangible accretion income for the six months ended June 30, 2016 and 2015 was $20.1 million and $24.4 million , respectively. These amounts are included in Rental income in the Company's unaudited Condensed Consolidated Statements of Operations. Amortization expense associated with in-place lease value for the three months ended June 30, 2016 and 2015 was $15.1 million and $22.1 million , respectively. Amortization expense associated with in-place lease value for the six months ended June 30, 2016 and 2015 was $33.2 million and $47.2 million , respectively. These amounts are included in Depreciation and amortization in the Company's unaudited Condensed Consolidated Statements of Operations. The estimated net accretion (income) and amortization expense associated with the Company’s above and below market leases, tenant relationships and leases in place for the next five years are as follows: Year ending December 31, Above- and below-market lease accretion (income), net In-place lease value amortization expense 2016 (remaining six months) $ (16,392 ) $ 26,208 2017 (29,404 ) 41,384 2018 (26,491 ) 32,130 2019 (22,189 ) 25,316 2020 (17,674 ) 19,060 On a continuous basis, management assesses whether there are any indicators, including property operating performance and general market conditions, that the value of the Company’s assets (including any related amortizable intangible assets or liabilities) may be impaired. To the extent impairment has occurred, the carrying value of the asset would be adjusted to an amount to reflect the estimated fair value of the asset. See Note 3 for information regarding impairment charges taken in connection with the disposal of certain properties.

Financial Instruments - Derivat

Financial Instruments - Derivatives and Hedging	6 Months Ended
	Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Financial Instruments - Derivatives and Hedging	Financial Instruments - Derivatives and Hedging The Company’s use of derivative instruments is limited to the utilization of interest rate agreements or other instruments to manage interest rate risk exposures and not for speculative purposes. In certain situations, the Company may enter into derivative financial instruments such as interest rate swap and interest rate cap agreements to manage interest rate risk exposure arising from variable rate debt transactions that result in the receipt or payment of future known and uncertain cash amounts, the value of which are determined by interest rates. The Company’s objective in using interest rate derivatives is to add stability to interest expense and to manage its exposure to interest rate movements. Cash Flow Hedges of Interest Rate Risk The Company uses interest rate swaps to manage its exposure to changes in benchmark interest rates. Interest rate swaps designated as cash flow hedges involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without changing the underlying notional amount. During the three and six months ended June 30, 2016 and 2015, the Company did not enter into any new interest rate swap agreements. A detail of the Company’s interest rate derivatives designated as cash flow hedges outstanding as of June 30, 2016 is as follows: Number of Instruments Notional Amount Interest Rate Swaps 5 $ 1,500,000 The Company has elected to present its interest rate derivatives on its unaudited Condensed Consolidated Balance Sheets on a gross basis as interest rate swap assets and interest rate swap liabilities. A detail of the Company’s fair value of interest rate derivatives on a gross and net basis as of June 30, 2016 and December 31, 2015, respectively, is as follows: Fair Value of Derivative Instruments Interest rate swaps classified as: June 30, 2016 December 31, 2015 Gross derivative assets $ — $ — Gross derivative liabilities (1,345 ) (2,437 ) Net derivative liability $ (1,345 ) $ (2,437 ) The gross derivative liabilities are included in accounts payable, accrued expenses and other liabilities on the unaudited Condensed Consolidated Balance Sheets. All of the Company’s outstanding interest rate swap agreements for the periods presented were designated as cash flow hedges of interest rate risk. The fair value of the Company's interest rate derivatives is determined using market standard valuation techniques including discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves and implied volatilities. These inputs are classified as Level 2 of the fair value hierarchy. The effective portion of changes in the fair value of derivatives designated as, and that qualify as, cash flow hedges is recorded in other comprehensive income (“OCI”) and is reclassified into earnings as interest expense in the period that the hedged forecasted transaction affects earnings. The effective portion of the Company's interest rate swaps that was recorded in the accompanying unaudited Condensed Consolidated Statement of Operations for the three and six months ended June 30, 2016 and 2015 is as follows: Derivatives in Cash Flow Hedging Relationships (Interest Rate Swaps and Caps) Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Unrealized loss on interest rate hedges $ (254 ) $ (1,772 ) $ (1,783 ) $ (6,673 ) Amortization of interest rate swaps to interest expense $ 1,389 $ 2,490 $ 2,875 $ 4,954 The Company estimates that approximately $1.3 million will be reclassified from accumulated other comprehensive loss as an increase to interest expense through the expiration of the Company's interest rate swaps on October 1, 2016. No gain or loss was recognized related to hedge ineffectiveness or to amounts excluded from effectiveness testing on the Company’s cash flow hedges during the three and six months ended June 30, 2016 and 2015. Non-Designated (Mark-to Market) Hedges of Interest Rate Risk The Company does not use derivatives for trading or speculative purposes. As of June 30, 2016 and December 31, 2015, the Company did not have any material non-designated hedges. Credit-risk-related Contingent Features The Company has agreements with its derivative counterparties that contain a provision whereby if the Company defaults on any of its indebtedness, including default where repayment of the indebtedness has not been accelerated by the lender, then the Company could also be declared in default on its derivative obligations. If the Company were to breach any of the contractual provisions of the derivative contracts, it would be required to settle its obligations under the agreements at their termination value including accrued interest, or approximately $1.8 million .

Debt Obligations

Debt Obligations	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Debt Obligations	Debt Obligations As of June 30, 2016 and December 31, 2015, the Company had the following indebtedness outstanding: Carrying Value as of June 30, 2016 December 31, 2015 Stated Interest Rates Scheduled Maturity Date Secured loans (1) Fixed rate secured loans (2) $ 2,048,216 $ 2,226,763 4.40% - 8.00% 2016 – 2024 Net unamortized premium 32,249 40,508 Net unamortized debt issuance cost (990 ) (1,752 ) Total secured loans, net $ 2,079,475 $ 2,265,519 Notes payables Unsecured notes (3) $ 1,818,453 $ 1,218,453 3.85% - 7.97% 2022 - 2029 Net unamortized discount (8,358 ) (4,676 ) Net unamortized debt issuance cost (14,430 ) (9,923 ) Total notes payable, net $ 1,795,665 $ 1,203,854 Unsecured Credit Facility and Term Loan Unsecured Credit Facility (4) $ 1,500,000 $ 1,916,000 1.90% 2017 – 2018 Unsecured Term Loan 600,000 600,000 1.90% 2019 Net unamortized debt issuance cost (8,607 ) (11,107 ) Total Unsecured Credit Facility and Term Loan $ 2,091,393 $ 2,504,893 Total debt obligations, net $ 5,966,533 $ 5,974,266 (1) The Company’s secured loans are collateralized by certain properties and the equity interests of certain subsidiaries. These properties had a carrying value as of June 30, 2016 of approximately $ 3.2 billion . (2) The weighted average interest rate on the Company’s fixed rate secured loans was 5.84% as of June 30, 2016. (3) The weighted average interest rate on the Company’s unsecured notes was 3.98% as of June 30, 2016. (4) The Unsecured Credit Facility (as defined below) consists of a $1.25 billion revolving credit facility and a $1.5 billion term loan facility. The Company has interest rate swap agreements that convert the floating interest rate on the $1.5 billion term loan facility to a fixed, combined interest rate of 0.844% plus an interest spread of 140 basis points. 2016 Debt Transactions In June 2016, the Operating Partnership issued $600.0 million aggregate principal amount of 4.125% Senior Notes due 2026 (the “2026 Notes”), the proceeds of which were utilized to repay outstanding indebtedness, including borrowings under the Company's $1.25 billion unsecured revolving credit facility, and for general corporate purposes. The 2026 Notes bear interest at a rate of 4.125% per annum, payable semi-annually on June 15 and December 15 of each year, commencing December 15, 2016. The 2026 Notes will mature on June 15, 2026. The 2026 Notes are the Operating Partnership’s unsecured and unsubordinated obligations and rank equally in right of payment with all of the Operating Partnership’s existing and future senior unsecured and unsubordinated indebtedness. The Operating Partnership may redeem the 2026 Notes at any time in whole or from time to time in part at the applicable make-whole redemption price specified in the Indenture with respect to the 2026 Notes. If the 2026 Notes are redeemed on or after March 15, 2026 (three months prior to the maturity date), the redemption price will be equal to 100% of the principal amount of the 2026 Notes being redeemed plus accrued and unpaid interest thereon to, but not including, the redemption date. During the six months ended June 30, 2016, the Company repaid $168.4 million of secured loans, resulting in a $0.1 million net gain on extinguishment of debt. These repayments were funded primarily from borrowings under the Company’s $1.25 billion unsecured revolving credit facility. See Note 1 for information about the July 2016 amendment to the Unsecured Credit Facility and the Existing Term Loan Agreement. Pursuant to the terms of the Existing Term Loan Agreement, the Unsecured Credit Facility, the 2022 Notes, the 2025 Notes and the 2026 Notes, the Company among other things is subject to maintenance of various financial covenants. The Company was in compliance with these covenants as of June 30, 2016. Debt Maturities As of June 30, 2016 and December 31, 2015, the Company had accrued interest of $ 33.6 million and $ 31.1 million outstanding, respectively. As of June 30, 2016, scheduled maturities of the Company’s outstanding debt obligations were as follows: Year ending December 31, 2016 (remaining six months) $ 699,150 2017 349,659 2018 1,519,476 2019 620,126 2020 766,577 Thereafter 2,011,681 Total debt maturities 5,966,669 Net unamortized premiums on secured loans 32,249 Net unamortized discount on notes (8,358 ) Net unamortized debt issuance costs (24,027 ) Total debt obligations $ 5,966,533

Fair Value Disclosures

Fair Value Disclosures	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value Disclosures	Fair Value Disclosures All financial instruments of the Company are reflected in the accompanying unaudited Condensed Consolidated Balance Sheets at amounts which, in management’s judgment, reasonably approximate their fair values, except those instruments listed below: June 30, 2016 December 31, 2015 Carrying Amounts Fair Value Carrying Amounts Fair Value Secured loans payable $ 2,079,475 $ 2,195,790 $ 2,265,519 $ 2,367,070 Notes payable 1,795,665 1,844,983 1,203,854 1,198,504 Unsecured credit facility and term loan 2,091,393 2,100,000 2,504,893 2,516,000 Total debt obligations $ 5,966,533 $ 6,140,773 $ 5,974,266 $ 6,081,574 As a basis for considering market participant assumptions in fair value measurements, a fair value hierarchy is included in GAAP that distinguishes between market participant assumptions based on market data obtained from sources independent of the reporting entity (observable inputs that are classified within Levels 1 and 2 of the hierarchy) and the reporting entity’s own assumptions about market participant assumptions (unobservable inputs that are classified within Level 3 of the hierarchy). In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability. The valuation methodology used to estimate the fair value of the Company’s debt obligations is based on discounted cash flows, with assumptions that include credit spreads, loan amounts and debt maturities. The Company determined that the valuations of its debt obligations are classified within Level 3 of the fair value hierarchy. Such fair value estimates are not necessarily indicative of the amounts that would be realized upon disposition. The Company’s marketable securities and interest rate derivatives are measured at fair value on a recurring basis. The fair value of marketable securities are based primarily on publicly traded market values in active markets and are classified accordingly on the fair value hierarchy. See Note 5 for fair value information regarding the Company's interest rate derivatives. The following table presents the placement in the fair value hierarchy of assets and liabilities that are measured at fair value on a recurring basis: Fair Value Measurements as of June 30, 2016 Balance Quoted Prices in Active markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Marketable securities (1) $ 28,752 $ 6,806 $ 21,946 $ — Liabilities: Interest rate derivatives $ (1,345 ) $ — $ (1,345 ) $ — Fair Value Measurements as of December 31, 2015 Balance Quoted Prices in Active markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Marketable securities (1) $ 23,001 $ 1,167 $ 21,834 $ — Liabilities: Interest rate derivatives $ (2,437 ) $ — $ (2,437 ) $ — (1) As of June 30, 2016 and December 31, 2015 marketable securities included less than $0.1 million of net unrealized gain and $0.1 million of net unrealized losses, respectively. The Company’s impairment charges are measured at fair value on a non-recurring basis. See Note 3 for fair value information on the impairment charges.

Equity and Capital

Equity and Capital	6 Months Ended
	Jun. 30, 2016
Equity [Abstract]
Equity and Capital	Equity and Capital ATM In 2015, the Parent Company entered into an at-the-market equity offering program (“ATM”) through which the Parent Company may sell from time to time up to an aggregate of $400.0 million of its common stock through sales agents over a three-year period. There were no shares issued under the ATM for the six months ended June 30, 2016 and the year ended December 31, 2015. As of June 30, 2016 $400.0 million of common stock remained available for issuance under the ATM. Common Stock During the six months ended June 30, 2016 and 2015, the Company withheld 122,768 shares and 12,754 shares respectively, in connection with common shares surrendered to the Company to satisfy statutory minimum tax withholding obligations on the vesting of restricted stock units (“RSUs”) under the Company’s equity-based compensation plans. Dividends and Distributions During the three months ended June 30, 2016 and 2015, the Company declared common stock dividends and OP unit distributions of $0.245 per share/unit and $0.225 per share/unit, respectively. During the six months ended June 30, 2016 and 2015, the Company declared common stock dividends and OP unit distributions of $0.49 per share/unit and $0.45 per share/unit, respectively. As of June 30, 2016 and December 31, 2015, the Company had declared but unpaid common stock dividends and OP unit distributions of $75.5 million and $76.0 million , respectively. These amounts are included in accounts payable, accrued expenses and other liabilities on the Company's unaudited Condensed Consolidated Balance Sheets. Non-controlling interests The non-controlling interests presented in these unaudited Condensed Consolidated Financial Statements relate to portions of consolidated subsidiaries held by the non-controlling interest holders. As of June 30, 2016, the Parent Company beneficially owned, through its direct and indirect interest in BPG Sub and the General Partner, 98.8% of the outstanding OP Units. Certain investment funds affiliated with The Blackstone Group L.P. (together with such affiliated funds, “Blackstone”) and certain members of the Parent Company’s current and former management collectively owned the remaining 1.2% of the outstanding OP Units. Holders of OP Units (other than the Parent Company, BPG Sub and the General Partner) may redeem their OP Units for cash based upon the market value of an equivalent number of shares of the Parent Company’s common stock or, at the Parent Company’s election, exchange their OP Units for shares of the Parent Company’s common stock on a one-for-one basis subject to customary conversion rate adjustments for splits, unit distributions and reclassifications. The number of OP Units in the Operating Partnership beneficially owned by the Parent Company is equivalent to the number of outstanding shares of the Parent Company’s common stock, and the entitlement of all OP Units to quarterly distributions and payments in liquidation is substantially the same as those of the Parent Company’s common stockholders.

Stock Based Compensation

Stock Based Compensation	6 Months Ended
	Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Based Compensation	Stock Based Compensation In 2011 and 2013 prior to the Company's Initial Public Offering (the "IPO"), certain employees of the Company were granted long-term incentive awards which provided them with equity interests as an incentive to remain in the Company’s service and align executives’ interests with those of the Company’s equity holders. The awards were granted to such employees by the certain partnerships affiliated with Blackstone (the "Partnerships"), in the form of Class B Units in each of the Partnerships. The awards were granted with service and performance conditions. A portion of the Class B Units were subject to performance conditions which vested on the date that certain funds affiliated with certain of the Company’s pre-IPO owners received cash proceeds resulting in a 15% internal rate of return on their investment in the Company. In connection with the IPO, certain of these awards vested and the vested awards were exchanged for a combination of vested common shares of the Company and vested shares of BPG Sub which were subsequently converted to vested common shares of the Company. The remaining unvested Class B Units as of the IPO effective date were exchanged for a combination of unvested restricted common shares of the Company and unvested restricted common shares of BPG Sub, (collectively, the “RSAs”) which were subsequently converted to unvested restricted common shares of the Company. The RSAs were subject to the same vesting terms as those applicable to the exchanged Class B Units. During the year ended December 31, 2013, the Board of Directors approved the 2013 Omnibus Incentive Plan (the “Plan”). The Plan provides for a maximum of 15.0 million shares of the Company’s common stock to be issued for qualified and non-qualified options, stock appreciation rights, restricted stock and restricted stock units, OP Units, performance awards and other stock-based awards. During the six months ended June 30, 2016, the Company granted RSUs in the Company to certain employees. During the year ended December 31, 2015, the Company granted RSUs in the Company to certain employees, or at the election of certain employees, long-term incentive plan units (“LTIP Units”) in the Operating Partnership. The RSUs and LTIP Units are divided into multiple tranches, with each tranche subject to separate performance-based vesting conditions, market-based vesting conditions and service-based vesting conditions. Each award contains a threshold, target, and maximum number of units in respect to each tranche. The number of units actually earned for each tranche is determined based on performance during a specified performance period, and the earned units are then further subject to time-based vesting conditions. The aggregate number of RSUs and LTIP Units granted, assuming that the target level of performance is achieved, was 0.8 million and 0.7 million for the six months ended June 30, 2016 and year ended December 31, 2015, respectively, with service periods ranging from one to five years. During the six months ended June 30, 2016, the Company reversed $2.6 million of previously recognized equity compensation expense as a result of forfeitures and recognized $2.7 million of expense associated with the accelerated issuance of shares, both in connection with the separation of several Company executives. During the six months ended June 30, 2015, as a result of it becoming probable that the Company’s pre-IPO owners would receive a 15% internal rate of return on their investment, the Company recognized $9.9 million of equity based compensation expense as a component of General and administrative expense in the Company's unaudited Condensed Consolidated Statements of Operations. The Company recognized $6.2 million and $2.6 million of equity based compensation expense for the three months ended June 30, 2016 and 2015, respectively. The Company recognized $4.6 million and $15.5 million of equity based compensation expense for the six months ended June 30, 2016 and 2015, respectively. As of June 30, 2016, the Company had $17.9 million of total unrecognized compensation cost related to unvested stock compensation expected to be recognized over a weighted average period of approximately 2.2 years.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Earnings Per Share	Earnings per Share Basic earnings per share (“EPS”) is calculated by dividing net income attributable to the Company’s common stockholders, including participating securities, by the weighted average number of shares outstanding for the period. Certain restricted shares issued pursuant to the Company’s share-based compensation program are considered participating securities, as such shares have rights to receive non-forfeitable dividends. Unvested restricted shares are not allocated net losses and/or any excess of dividends declared over net income, as such amounts are allocated entirely to the common stockholders. Fully-diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into shares of common stock. The following table provides a reconciliation of the numerator and denominator of the EPS calculations for the three and six months ended June 30, 2016 and 2015: Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Computation of Basic Earnings Per Share: Net income $ 65,470 $ 55,167 $ 127,019 $ 86,303 Income attributable to non-controlling interests (1,014 ) (1,055 ) (2,086 ) (1,768 ) Non-forfeitable dividends on unvested restricted shares (9 ) (6 ) (17 ) (11 ) Net income attributable to the Company’s common stockholders for basic earnings per share $ 64,447 $ 54,106 $ 124,916 $ 84,524 Weighted average number shares outstanding - basic 299,872 298,464 299,526 297,332 Basic Earnings Per Share Attributable to the Company’s Common Stockholders: Net income (1) $ 0.21 $ 0.18 $ 0.42 $ 0.28 Computation of Diluted Earnings Per Share: Net income attributable to the Company’s common stockholders for basic earnings per share $ 64,447 $ 54,106 $ 124,916 $ 84,524 Allocation of net income to dilutive convertible non-controlling interests — — 2,086 1,768 Net income attributable to the Company’s common stockholders for diluted earnings per share $ 64,447 $ 54,106 $ 127,002 $ 86,292 Weighted average shares outstanding - basic 299,872 298,464 299,526 297,332 Effect of dilutive securities: Conversion of OP Units — — 5,009 6,378 Equity awards 332 530 326 1,009 Weighted average shares outstanding - diluted (2) 300,204 298,994 304,861 304,719 Diluted Earnings Per Share Attributable to the Company’s Common Stockholders: Net income (1) $ 0.21 $ 0.18 $ 0.42 $ 0.28 (1) The sum of the quarterly Basic and Diluted earnings per share may not equal the Basic and Diluted earnings per share for the six months ended June 30, 2016 and 2015 due to rounding. (2) For the three months ended June 30, 2016 and 2015, the weighted average number of vested OP Units outstanding was 4.7 million and 5.8 million , respectively and was not dilutive.

Earnings per Unit

Earnings per Unit	6 Months Ended
	Jun. 30, 2016
Schedule of Earnings per Share [Line Items]
Earnings per Unit	Earnings per Share Basic earnings per share (“EPS”) is calculated by dividing net income attributable to the Company’s common stockholders, including participating securities, by the weighted average number of shares outstanding for the period. Certain restricted shares issued pursuant to the Company’s share-based compensation program are considered participating securities, as such shares have rights to receive non-forfeitable dividends. Unvested restricted shares are not allocated net losses and/or any excess of dividends declared over net income, as such amounts are allocated entirely to the common stockholders. Fully-diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into shares of common stock. The following table provides a reconciliation of the numerator and denominator of the EPS calculations for the three and six months ended June 30, 2016 and 2015: Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Computation of Basic Earnings Per Share: Net income $ 65,470 $ 55,167 $ 127,019 $ 86,303 Income attributable to non-controlling interests (1,014 ) (1,055 ) (2,086 ) (1,768 ) Non-forfeitable dividends on unvested restricted shares (9 ) (6 ) (17 ) (11 ) Net income attributable to the Company’s common stockholders for basic earnings per share $ 64,447 $ 54,106 $ 124,916 $ 84,524 Weighted average number shares outstanding - basic 299,872 298,464 299,526 297,332 Basic Earnings Per Share Attributable to the Company’s Common Stockholders: Net income (1) $ 0.21 $ 0.18 $ 0.42 $ 0.28 Computation of Diluted Earnings Per Share: Net income attributable to the Company’s common stockholders for basic earnings per share $ 64,447 $ 54,106 $ 124,916 $ 84,524 Allocation of net income to dilutive convertible non-controlling interests — — 2,086 1,768 Net income attributable to the Company’s common stockholders for diluted earnings per share $ 64,447 $ 54,106 $ 127,002 $ 86,292 Weighted average shares outstanding - basic 299,872 298,464 299,526 297,332 Effect of dilutive securities: Conversion of OP Units — — 5,009 6,378 Equity awards 332 530 326 1,009 Weighted average shares outstanding - diluted (2) 300,204 298,994 304,861 304,719 Diluted Earnings Per Share Attributable to the Company’s Common Stockholders: Net income (1) $ 0.21 $ 0.18 $ 0.42 $ 0.28 (1) The sum of the quarterly Basic and Diluted earnings per share may not equal the Basic and Diluted earnings per share for the six months ended June 30, 2016 and 2015 due to rounding. (2) For the three months ended June 30, 2016 and 2015, the weighted average number of vested OP Units outstanding was 4.7 million and 5.8 million , respectively and was not dilutive.
Brixmor Operating Partnership LP [Member]
Schedule of Earnings per Share [Line Items]
Earnings per Unit	Earnings per Unit Basic earnings per unit is calculated by dividing net income attributable to the Operating Partnership’s common units, including participating securities, by the weighted average number of partnership common units outstanding for the period. Certain restricted units issued pursuant to the Company’s share-based compensation program are considered participating securities, as such shares have rights to receive non-forfeitable dividends. Unvested restricted units are not allocated net losses and/or any excess of dividends declared over net income, as such amounts are allocated entirely to the Operating Partnership's common units. Fully-diluted earnings per unit reflects the potential dilution that could occur if securities or other contracts to issue common units were exercised or converted into shares of common units. The following table provides a reconciliation of the numerator and denominator of the earnings per unit calculations for the three and six months ended June 30, 2016 and 2015: Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Computation of Basic Earnings Per Unit: Net income attributable to Brixmor Operating Partnership LP $ 65,470 $ 55,167 $ 127,020 $ 86,303 Non-forfeitable dividends on unvested restricted shares (9 ) (6 ) (17 ) (11 ) Net income attributable to the Operating Partnership’s common units for basic earnings per unit $ 65,461 $ 55,161 $ 127,003 $ 86,292 Weighted average number of common units outstanding - basic 304,588 304,283 304,535 303,710 Basic Earnings Per Unit Attributable to the Operating Partnership’s Common Units: Net Income (1) $ 0.21 $ 0.18 $ 0.42 $ 0.28 Computation of Diluted Earnings Per Unit: Net income attributable to the Operating Partnership’s common units for diluted earnings per unit $ 65,461 $ 55,161 $ 127,003 $ 86,292 Weighted average common units outstanding - basic 304,588 304,283 304,535 303,710 Effect of dilutive securities: Equity awards 332 530 326 1,009 Weighted average common units outstanding - diluted 304,920 304,813 304,861 304,719 Diluted Earnings Per Unit Attributable to the Operating Partnership’s Common Units: Net Income (1) $ 0.21 $ 0.18 $ 0.42 $ 0.28 (1) The sum of the quarterly Basic and Diluted earnings per unit may not equal the Basic and Diluted earnings per unit for the six months ended June 30, 2016 and 2015 due to rounding.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal Matters Except as described below, the Company is not presently involved in any material litigation arising outside the ordinary course of business. However, the Company is involved in routine litigation arising in the ordinary course of business, none of which the Company believes, individually or in the aggregate, taking into account existing reserves, will have a material impact on the Company’s results of operations, cash flows, or financial position. On February 8, 2016, the Company issued a press release and filed a Form 8-K reporting the completion of a review by the Audit Committee of the Company's Board of Directors that began after the Company received information in late December 2015 through its established compliance processes. The Audit Committee review led the Board of Directors to conclude that specific Company accounting and financial reporting personnel, in certain instances, were smoothing income items, both up and down, between reporting periods in an effort to achieve consistent quarterly same property net operating income growth. As a result of the Audit Committee review and the conclusions reached by the Board of Directors, the Company’s Chief Executive Officer, its President and Chief Financial Officer, its Treasurer and Chief Accounting Officer, and an accounting employee all resigned. Following these resignations the Company appointed a new Interim Chief Executive Officer and President, Interim Chief Financial Officer and Interim Chief Accounting Officer. A new Chief Executive Officer and Chief Financial Officer were appointed effective May 20, 2016. Prior to the Company’s February 8, 2016 announcement, the Company voluntarily reported to the SEC the matters described above. The SEC has commenced an investigation with respect to these matters, and the Company is cooperating fully. On March 31, 2016, the Company and the former officers referenced above were named as defendants in a putative securities class action complaint filed in the United States District Court for the Southern District of New York (the “Court”). The complaint, captioned Westchester Putnam Counties Heavy & Highway Laborers Local 60 Benefit Funds v. Brixmor Property Group Inc., et al. (Case No. 16-CV-02400 (AT)), asserts violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 based on the facts described in the Company’s February 8, 2016 press release and Form 8-K. Pursuant to a stipulation between the parties, plaintiffs will file a consolidated amended complaint within sixty days after the Court appoints a lead plaintiff and lead counsel pursuant to the Private Securities Litigation Reform Act of 1995. The Company believes it has valid defenses in this action and intends to vigorously defend itself. Leasing commitments The Company periodically enters into ground leases for neighborhood and community shopping centers which it operates and enters into office leases for administrative space. During the three months ended June 30, 2016 and 2015, the Company recognized rent expense associated with these leases of $2.7 million and $2.5 million , respectively. During the six months ended June 30, 2016 and 2015, the Company recognized rent expense associated with these leases of $4.6 million and $5.0 million , respectively. Minimum annual rental commitments associated with these leases during the next five years and thereafter are as follows: Year ending December 31, 2016 (remaining six months) $ 4,346 2017 7,281 2018 6,846 2019 6,695 2020 5,883 Thereafter 85,476 Total minimum annual rental commitments $ 116,527 Environmental matters Under various federal, state and local laws, ordinances and regulations, the Company may be considered an owner or operator of real property or may have arranged for the disposal or treatment of hazardous or toxic substances. As a result, the Company may be liable for certain costs including removal, remediation, government fines and injuries to persons and property. The Company does not believe that any resulting liability from such matters will have a material impact on the Company’s results of operations, cash flows, or financial position.

Related-Party Transactions

Related-Party Transactions	6 Months Ended
	Jun. 30, 2016
Related Party Transactions [Abstract]
Related-Party Transactions	Related-Party Transactions In the ordinary course of conducting its business, the Company enters into agreements with its affiliates and an unconsolidated joint venture in relation to the leasing and management of its and/or its related parties’ real estate assets. As of June 30, 2016 and December 31, 2015, there were no material receivables from related parties. As of June 30, 2016 and December 31, 2015 there were no material payables to related parties.

Nature of Business and Financ23

Nature of Business and Financial Statement Presentation (Policies)	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Description of Business	Description of Business Brixmor Property Group Inc. and subsidiaries (collectively, the “Parent Company”) is an internally-managed REIT. Brixmor Operating Partnership LP and subsidiaries (collectively, the “Operating Partnership”) is the entity through which the Parent Company conducts substantially all of its operations and owns substantially all of its assets. The Parent Company owns 100% of the common stock of BPG Subsidiary Inc. (“BPG Sub”), which, in turn, is the sole member of Brixmor OP GP LLC (the “General Partner”), the sole general partner of the Operating Partnership. The Parent Company engages in the ownership, management, leasing, acquisition and development of retail shopping centers through the Operating Partnership, and has no other substantial assets or liabilities other than through its investment in the Operating Partnership. The Parent Company, the Operating Partnership and their controlled subsidiaries on a consolidated basis (collectively the “Company” or “Brixmor”) believes it owns and operates the second largest open air retail portfolio in the United States, comprised primarily of community and neighborhood shopping centers. The Company does not distinguish its principal business or group its operations on a geographical basis for purposes of measuring performance. Accordingly, the Company believes it has a single reportable segment for disclosure purposes in accordance with U.S. generally accepted accounting principles (“GAAP”).
Basis of Presentation	Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with GAAP for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for the fair presentation of the unaudited Condensed Consolidated Financial Statements for the periods presented have been included. The operating results for the periods presented are not necessarily indicative of the results that may be expected for a full fiscal year. These financial statements should be read in conjunction with the financial statements for the year ended December 31, 2015 and accompanying notes included in the Company's annual report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on February 29, 2016.
Principles of Consolidation	Principles of Consolidation The accompanying unaudited Condensed Consolidated Financial Statements include the accounts of the Parent Company, the Operating Partnership, each of their wholly owned subsidiaries and all other entities in which they have a controlling financial interest. The portions of consolidated entities not owned by the Company are presented as non-controlling interests as of and during the periods presented. All intercompany transactions have been eliminated.
Subsequent Events	Subsequent Events In preparing the unaudited Condensed Consolidated Financial Statements, the Company has evaluated events and transactions occurring after June 30, 2016 for recognition or disclosure purposes. Based on this evaluation, there were no subsequent events from June 30, 2016 through the date the financial statements were issued, except as follows. On July 25, 2016, the Operating Partnership entered into an Amended and Restated Revolving Credit and Term Loan Agreement (the “Amended Credit Facility”) with JPMorgan Chase Bank, N.A., as administrative agent (the “Agent”), and the lenders party thereto as set forth in the Amended Credit Facility. The Amended Credit Facility amends and restates the Company's $2.75 billion Revolving Credit and Term Loan Agreement, dated as of July 16, 2013, as amended (the “Unsecured Credit Facility”). The Amended Credit Facility provides for (1) revolving loan commitments of $1.25 billion (the “Revolving Facility”) maturing July 31, 2020 (representing a three -year extension from the applicable maturity date under the Unsecured Credit Facility) and (2) a reallocation of the term loan under the Unsecured Credit Facility that was to mature on July 31, 2018 into two non-amortizing term loan tranches comprised of a $1.0 billion tranche A term loan maturing July 31, 2018 (the “Tranche A Term Loan”), and a $500.0 million tranche B term loan maturing July 31, 2021 (the “Tranche B Term Loan”). The Revolving Facility includes two six -month maturity extension options, the exercise of which is subject to customary conditions and the payment of a fee on the extended commitments of 0.075% . The Amended Credit Facility includes the option to increase the revolving loan commitments by, or add term loans in an amount, up to $1.0 billion in the aggregate to the extent that any one or more lenders (from the syndicate or otherwise) agree to provide such additional credit extensions. As of July 25, 2016, there were no amounts drawn under the Revolving Facility. Borrowings under the Amended Credit Facility will bear interest, at the Operating Partnership’s option, (1) with respect to the Revolving Facility, at a rate of either LIBOR plus a margin ranging from 0.875% to 1.55% or a base rate plus a margin ranging from 0.00% to 0.55% , in each case, with the actual margin determined according to the Operating Partnership’s credit rating and (2) with respect to each of the Tranche A Term Loan and Tranche B Term Loan, at a rate of either LIBOR plus a margin ranging from 0.90% to 1.75% or the base rate plus a margin ranging from 0.00% to 0.75% , in each case, with the actual margin determined according to the Operating Partnership’s credit rating. The base rate is the highest of the Agent’s prime rate, the federal funds rate plus 0.50% and the daily one-month LIBOR plus 1.00% . In addition, the Amended Credit Facility requires the payment of a facility fee ranging from 0.125% to 0.30% (depending on the Operating Partnership’s credit rating) on the total commitments under the Revolving Facility. For more information, see Item 5 of Part II of this Form 10-Q for the quarter ended June 30, 2016. Additionally, on July 25, 2016, the Operating Partnership entered into Amendment No. 2 to Term Loan Agreement (“Term Loan Second Amendment”) with JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto. The Term Loan Second Amendment amends the Company's $600.0 million Term Loan Agreement, dated as of March 18, 2014, as amended (the “Existing Term Loan Agreement”). The Term Loan Second Amendment does not change any of the maturity or pricing terms of the Existing Term Loan Agreement, but otherwise implements various covenant and technical amendments to make the Existing Term Loan Agreement consistent with amendments made to corresponding provisions of the Unsecured Credit Facility pursuant to the Amended Credit Facility. For more information, see Item 5 of Part II of this Form 10-Q for the quarter ended June 30, 2016.
Income Taxes	Income Taxes The Parent Company has elected to qualify as a REIT in accordance with the Internal Revenue Code of 1986, as amended (the “Code”). To qualify as a REIT, the Parent Company must meet a number of organizational and operational requirements, including a requirement that it currently distribute at least 90% of its adjusted REIT taxable income to its stockholders. It is management’s intention to adhere to these requirements and maintain the Parent Company’s REIT status. As a REIT, the Parent Company generally will not be subject to federal income tax, provided that distributions to its stockholders equal at least the amount of its REIT taxable income as defined under the Code. If the Parent Company fails to qualify as a REIT in any taxable year, it will be subject to federal taxes at regular corporate rates (including any applicable alternative minimum tax) and may not be able to qualify as a REIT for four subsequent taxable years. The Operating Partnership is organized as a limited partnership and is generally not subject to federal or state income taxes. BPG Sub also has elected to qualify as a REIT under the Code and is subject to the same tax requirements and tax treatment as the Parent Company. BPG Sub has a taxable REIT subsidiary, and the Parent Company and BPG Sub may in the future elect to treat newly formed subsidiaries as taxable REIT subsidiaries which would be subject to income tax. Taxable REIT subsidiaries may participate in non-real estate-related activities and/or perform non-customary services for tenants and are subject to United States federal and state income tax at regular corporate tax rates. The Company has analyzed the tax position taken on income tax returns for the open 2013 through 2015 tax years and has concluded that no provision for income taxes related to uncertain tax positions is required in the Company’s unaudited Condensed Consolidated Financial Statements as of June 30, 2016 and December 31, 2015.
New Accounting Pronouncements	New Accounting Pronouncements In March 2016, the Financial Accounting Standards Board ("FASB") issued ASU No. 2016-09, "Compensation - Stock Compensation (Topic 718)." ASU 2016-09 sets out improvements to Employee Share-Based Payment Accounting. The new standard impacts certain aspects of the accounting for share-based payment transactions, including income tax consequences, classification of awards as either equity or liabilities, and classification on the statements of cash flows. The standard is effective on January 1, 2017, with early adoption permitted. The Company is currently in the process of evaluating the impact the adoption of ASU 2016-09 will have on the unaudited Condensed Consolidated Financial Statements of the Company. In February 2016, the FASB issued ASU 2016-02, "Leases (Topic 842)." ASU 2016-02 sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract (i.e., lessees and lessors). The new standard requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. This classification will determine whether lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for similar to existing guidance for operating leases today. The new standard requires lessors to account for leases using an approach that is substantially equivalent to existing guidance for sales-type leases, direct financing leases and operating leases. The standard is effective on January 1, 2019, with early adoption permitted. The Company is currently in the process of evaluating the impact the adoption of ASU 2016-02 will have on the unaudited Condensed Consolidated Financial Statements of the Company. In February 2015, the FASB issued ASU 2015-02 “Amendments to the Consolidation Analysis to ASC Topic 810 Consolidation.” ASU 2015-02 updates to include all reporting entities within the scope of Subtopic 810-10 Consolidation - Overall, including limited partnerships and similar legal entities, unless a scope exception applies. Overall the amendments in this update are to simplify the codification and reduce the number of consolidation models and place more emphasis on risk of loss when determining controlling financial interests. ASU 2015-02 was effective for public businesses for interim and annual periods beginning after December 15, 2015. This ASU was effective for the Company beginning in the first quarter of the year ended December 31, 2016. The Company has evaluated the impact of the adoption of ASU 2015-02 on its unaudited Condensed Consolidated Financial Statements and have determined under ASU 2015-02 the Operating Partnership is considered a variable interest entity (“VIE”). The Parent Company is the primary beneficiary of the VIE and the Parent Company’s partnership interest is considered a majority voting interest. As such, this standard did not have a material impact on the unaudited Condensed Consolidated Financial Statements of the Company. In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers.” ASU No. 2014-09 contains a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. The guidance in ASU No. 2014-09 affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. For public entities, ASU No. 2014-09, as amended by ASU No. 2015-14, is effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Early adoption is permitted for reporting periods beginning after December 15, 2016. The Company is currently in the process of evaluating the impact the adoption of ASU No. 2014-09 will have on the unaudited Condensed Consolidated Financial Statements of the Company. Any other recently issued accounting standards or pronouncements not disclosed above have been excluded as they either are not relevant to the Company, or they are not expected to have a material effect on the unaudited Condensed Consolidated Financial Statements of the Company.

Acquisition of Real Estate (Tab

Acquisition of Real Estate (Tables)	6 Months Ended
	Jun. 30, 2016
Real Estate [Abstract]
Schedule of Business Acquisitions, by Acquisition	During the three and six months ended June 30, 2015, the Company acquired the following properties, in separate transactions (dollars in thousands): Purchase Price Property Name Location Month Acquired Cash Debt Assumed Total GLA Retail Building at Bardin Place Center Arlington, TX Jun-15 $ 9,258 $ — $ 9,258 96,127 Larchmont Centre Mt. Laurel, NJ Jun-15 11,000 7,000 18,000 103,787 Webster Square Shopping Center Marshfield, MA Jun-15 31,950 — 31,950 182,756 $ 52,208 $ 7,000 $ 59,208 382,670
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The aggregate purchase price of the properties acquired during the six months ended June 30, 2015, has been allocated as follows: Assets Land $ 12,924 Buildings 35,640 Building improvements 4,634 Tenant improvements 2,273 Above market rents 120 In-Place leases 4,010 Real estate, net 59,601 Deferred charges and prepaid expenses, net 1,787 Total assets 61,388 Liabilities Secured loan payable $ 7,000 Secured loan fair value adjustment 440 Debt obligations, net 7,440 Accounts payable, accrued expenses and other liabilities (Below Market Leases) 1,740 Total liabilities 9,180 Net Assets Acquired $ 52,208

Real Estate (Tables)

Real Estate (Tables)	6 Months Ended
	Jun. 30, 2016
Real Estate [Abstract]
Schedule of real estate properties	The Company’s components of Real estate, net consisted of the following: June 30, 2016 December 31, 2015 Land $ 2,010,074 $ 2,011,947 Buildings and improvements: Buildings and tenant improvements 8,095,182 8,043,325 Lease intangibles (1) 858,453 877,578 10,963,709 10,932,850 Accumulated depreciation and amortization (1) (2,034,045 ) (1,880,685 ) Total $ 8,929,664 $ 9,052,165 (1) At June 30, 2016 and December 31, 2015, Lease intangibles consisted of the following: (i) $ 779.5 million and $ 796.8 million , respectively, of in-place lease value, (ii) $ 79.0 million and $ 80.8 million , respectively, of above-market leases, and (iii) $ 625.2 million and $ 606.5 million , respectively, of accumulated amortization. These intangible assets are amortized over the term of each related lease.
Schedule of expected net amortization expense associated with intangible assets and liabilities	Amortization expense associated with in-place lease value for the six months ended June 30, 2016 and 2015 was $33.2 million and $47.2 million , respectively. These amounts are included in Depreciation and amortization in the Company's unaudited Condensed Consolidated Statements of Operations. The estimated net accretion (income) and amortization expense associated with the Company’s above and below market leases, tenant relationships and leases in place for the next five years are as follows: Year ending December 31, Above- and below-market lease accretion (income), net In-place lease value amortization expense 2016 (remaining six months) $ (16,392 ) $ 26,208 2017 (29,404 ) 41,384 2018 (26,491 ) 32,130 2019 (22,189 ) 25,316 2020 (17,674 ) 19,060

Financial Instruments - Deriv26

Financial Instruments - Derivatives and Hedging (Tables)	6 Months Ended
	Jun. 30, 2016
Derivative [Line Items]
Schedule of derivative instruments in Statement of Financial Position, fair value	Fair Value of Derivative Instruments Interest rate swaps classified as: June 30, 2016 December 31, 2015 Gross derivative assets $ — $ — Gross derivative liabilities (1,345 ) (2,437 ) Net derivative liability $ (1,345 ) $ (2,437 )
Schedule of cash flow hedges included in AOCI	The effective portion of the Company's interest rate swaps that was recorded in the accompanying unaudited Condensed Consolidated Statement of Operations for the three and six months ended June 30, 2016 and 2015 is as follows: Derivatives in Cash Flow Hedging Relationships (Interest Rate Swaps and Caps) Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Unrealized loss on interest rate hedges $ (254 ) $ (1,772 ) $ (1,783 ) $ (6,673 ) Amortization of interest rate swaps to interest expense $ 1,389 $ 2,490 $ 2,875 $ 4,954
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member]
Derivative [Line Items]
Schedule of interest rate derivatives	A detail of the Company’s interest rate derivatives designated as cash flow hedges outstanding as of June 30, 2016 is as follows: Number of Instruments Notional Amount Interest Rate Swaps 5 $ 1,500,000

Debt Obligations (Tables)

Debt Obligations (Tables)	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Debt obligations under various arrangements with financial institutions	As of June 30, 2016 and December 31, 2015, the Company had the following indebtedness outstanding: Carrying Value as of June 30, 2016 December 31, 2015 Stated Interest Rates Scheduled Maturity Date Secured loans (1) Fixed rate secured loans (2) $ 2,048,216 $ 2,226,763 4.40% - 8.00% 2016 – 2024 Net unamortized premium 32,249 40,508 Net unamortized debt issuance cost (990 ) (1,752 ) Total secured loans, net $ 2,079,475 $ 2,265,519 Notes payables Unsecured notes (3) $ 1,818,453 $ 1,218,453 3.85% - 7.97% 2022 - 2029 Net unamortized discount (8,358 ) (4,676 ) Net unamortized debt issuance cost (14,430 ) (9,923 ) Total notes payable, net $ 1,795,665 $ 1,203,854 Unsecured Credit Facility and Term Loan Unsecured Credit Facility (4) $ 1,500,000 $ 1,916,000 1.90% 2017 – 2018 Unsecured Term Loan 600,000 600,000 1.90% 2019 Net unamortized debt issuance cost (8,607 ) (11,107 ) Total Unsecured Credit Facility and Term Loan $ 2,091,393 $ 2,504,893 Total debt obligations, net $ 5,966,533 $ 5,974,266 (1) The Company’s secured loans are collateralized by certain properties and the equity interests of certain subsidiaries. These properties had a carrying value as of June 30, 2016 of approximately $ 3.2 billion . (2) The weighted average interest rate on the Company’s fixed rate secured loans was 5.84% as of June 30, 2016. (3) The weighted average interest rate on the Company’s unsecured notes was 3.98% as of June 30, 2016. (4) The Unsecured Credit Facility (as defined below) consists of a $1.25 billion revolving credit facility and a $1.5 billion term loan facility. The Company has interest rate swap agreements that convert the floating interest rate on the $1.5 billion term loan facility to a fixed, combined interest rate of 0.844% plus an interest spread of 140 basis points.
Future expected/scheduled maturities of outstanding debt and capital lease obligations	As of June 30, 2016 and December 31, 2015, the Company had accrued interest of $ 33.6 million and $ 31.1 million outstanding, respectively. As of June 30, 2016, scheduled maturities of the Company’s outstanding debt obligations were as follows: Year ending December 31, 2016 (remaining six months) $ 699,150 2017 349,659 2018 1,519,476 2019 620,126 2020 766,577 Thereafter 2,011,681 Total debt maturities 5,966,669 Net unamortized premiums on secured loans 32,249 Net unamortized discount on notes (8,358 ) Net unamortized debt issuance costs (24,027 ) Total debt obligations $ 5,966,533

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Schedule Of Fair Value Debt Obligation	All financial instruments of the Company are reflected in the accompanying unaudited Condensed Consolidated Balance Sheets at amounts which, in management’s judgment, reasonably approximate their fair values, except those instruments listed below: June 30, 2016 December 31, 2015 Carrying Amounts Fair Value Carrying Amounts Fair Value Secured loans payable $ 2,079,475 $ 2,195,790 $ 2,265,519 $ 2,367,070 Notes payable 1,795,665 1,844,983 1,203,854 1,198,504 Unsecured credit facility and term loan 2,091,393 2,100,000 2,504,893 2,516,000 Total debt obligations $ 5,966,533 $ 6,140,773 $ 5,974,266 $ 6,081,574
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following table presents the placement in the fair value hierarchy of assets and liabilities that are measured at fair value on a recurring basis: Fair Value Measurements as of June 30, 2016 Balance Quoted Prices in Active markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Marketable securities (1) $ 28,752 $ 6,806 $ 21,946 $ — Liabilities: Interest rate derivatives $ (1,345 ) $ — $ (1,345 ) $ — Fair Value Measurements as of December 31, 2015 Balance Quoted Prices in Active markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Marketable securities (1) $ 23,001 $ 1,167 $ 21,834 $ — Liabilities: Interest rate derivatives $ (2,437 ) $ — $ (2,437 ) $ — (1) As of June 30, 2016 and December 31, 2015 marketable securities included less than $0.1 million of net unrealized gain and $0.1 million of net unrealized losses, respectively.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Schedule of earnings per share, basic and diluted	The following table provides a reconciliation of the numerator and denominator of the EPS calculations for the three and six months ended June 30, 2016 and 2015: Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Computation of Basic Earnings Per Share: Net income $ 65,470 $ 55,167 $ 127,019 $ 86,303 Income attributable to non-controlling interests (1,014 ) (1,055 ) (2,086 ) (1,768 ) Non-forfeitable dividends on unvested restricted shares (9 ) (6 ) (17 ) (11 ) Net income attributable to the Company’s common stockholders for basic earnings per share $ 64,447 $ 54,106 $ 124,916 $ 84,524 Weighted average number shares outstanding - basic 299,872 298,464 299,526 297,332 Basic Earnings Per Share Attributable to the Company’s Common Stockholders: Net income (1) $ 0.21 $ 0.18 $ 0.42 $ 0.28 Computation of Diluted Earnings Per Share: Net income attributable to the Company’s common stockholders for basic earnings per share $ 64,447 $ 54,106 $ 124,916 $ 84,524 Allocation of net income to dilutive convertible non-controlling interests — — 2,086 1,768 Net income attributable to the Company’s common stockholders for diluted earnings per share $ 64,447 $ 54,106 $ 127,002 $ 86,292 Weighted average shares outstanding - basic 299,872 298,464 299,526 297,332 Effect of dilutive securities: Conversion of OP Units — — 5,009 6,378 Equity awards 332 530 326 1,009 Weighted average shares outstanding - diluted (2) 300,204 298,994 304,861 304,719 Diluted Earnings Per Share Attributable to the Company’s Common Stockholders: Net income (1) $ 0.21 $ 0.18 $ 0.42 $ 0.28 (1) The sum of the quarterly Basic and Diluted earnings per share may not equal the Basic and Diluted earnings per share for the six months ended June 30, 2016 and 2015 due to rounding. (2) For the three months ended June 30, 2016 and 2015, the weighted average number of vested OP Units outstanding was 4.7 million and 5.8 million , respectively and was not dilutive.

Earnings per Unit (Tables)

Earnings per Unit (Tables)	6 Months Ended
	Jun. 30, 2016
Schedule of Earnings per Share [Line Items]
Schedule of earnings per unit, basic and diluted	The following table provides a reconciliation of the numerator and denominator of the EPS calculations for the three and six months ended June 30, 2016 and 2015: Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Computation of Basic Earnings Per Share: Net income $ 65,470 $ 55,167 $ 127,019 $ 86,303 Income attributable to non-controlling interests (1,014 ) (1,055 ) (2,086 ) (1,768 ) Non-forfeitable dividends on unvested restricted shares (9 ) (6 ) (17 ) (11 ) Net income attributable to the Company’s common stockholders for basic earnings per share $ 64,447 $ 54,106 $ 124,916 $ 84,524 Weighted average number shares outstanding - basic 299,872 298,464 299,526 297,332 Basic Earnings Per Share Attributable to the Company’s Common Stockholders: Net income (1) $ 0.21 $ 0.18 $ 0.42 $ 0.28 Computation of Diluted Earnings Per Share: Net income attributable to the Company’s common stockholders for basic earnings per share $ 64,447 $ 54,106 $ 124,916 $ 84,524 Allocation of net income to dilutive convertible non-controlling interests — — 2,086 1,768 Net income attributable to the Company’s common stockholders for diluted earnings per share $ 64,447 $ 54,106 $ 127,002 $ 86,292 Weighted average shares outstanding - basic 299,872 298,464 299,526 297,332 Effect of dilutive securities: Conversion of OP Units — — 5,009 6,378 Equity awards 332 530 326 1,009 Weighted average shares outstanding - diluted (2) 300,204 298,994 304,861 304,719 Diluted Earnings Per Share Attributable to the Company’s Common Stockholders: Net income (1) $ 0.21 $ 0.18 $ 0.42 $ 0.28 (1) The sum of the quarterly Basic and Diluted earnings per share may not equal the Basic and Diluted earnings per share for the six months ended June 30, 2016 and 2015 due to rounding. (2) For the three months ended June 30, 2016 and 2015, the weighted average number of vested OP Units outstanding was 4.7 million and 5.8 million , respectively and was not dilutive.
Brixmor Operating Partnership LP [Member]
Schedule of Earnings per Share [Line Items]
Schedule of earnings per unit, basic and diluted	The following table provides a reconciliation of the numerator and denominator of the earnings per unit calculations for the three and six months ended June 30, 2016 and 2015: Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Computation of Basic Earnings Per Unit: Net income attributable to Brixmor Operating Partnership LP $ 65,470 $ 55,167 $ 127,020 $ 86,303 Non-forfeitable dividends on unvested restricted shares (9 ) (6 ) (17 ) (11 ) Net income attributable to the Operating Partnership’s common units for basic earnings per unit $ 65,461 $ 55,161 $ 127,003 $ 86,292 Weighted average number of common units outstanding - basic 304,588 304,283 304,535 303,710 Basic Earnings Per Unit Attributable to the Operating Partnership’s Common Units: Net Income (1) $ 0.21 $ 0.18 $ 0.42 $ 0.28 Computation of Diluted Earnings Per Unit: Net income attributable to the Operating Partnership’s common units for diluted earnings per unit $ 65,461 $ 55,161 $ 127,003 $ 86,292 Weighted average common units outstanding - basic 304,588 304,283 304,535 303,710 Effect of dilutive securities: Equity awards 332 530 326 1,009 Weighted average common units outstanding - diluted 304,920 304,813 304,861 304,719 Diluted Earnings Per Unit Attributable to the Operating Partnership’s Common Units: Net Income (1) $ 0.21 $ 0.18 $ 0.42 $ 0.28 (1) The sum of the quarterly Basic and Diluted earnings per unit may not equal the Basic and Diluted earnings per unit for the six months ended June 30, 2016 and 2015 due to rounding.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases	Minimum annual rental commitments associated with these leases during the next five years and thereafter are as follows: Year ending December 31, 2016 (remaining six months) $ 4,346 2017 7,281 2018 6,846 2019 6,695 2020 5,883 Thereafter 85,476 Total minimum annual rental commitments $ 116,527

Nature of Business and Financ32

Nature of Business and Financial Statement Presentation (Description of Business) (Details)	Jun. 30, 2016
Parent Company [Member] | BPG Sub [Member]
Nture of Oerations and Financial Statements Presentation [Line Items]
Ownership percentage	100.00%

Nature of Business and Financ33

Nature of Business and Financial Statement Presentation (Subsequent Events) (Details) $ in Millions	Jul. 25, 2016USD ($)extension	Jun. 30, 2016USD ($)	Mar. 18, 2014USD ($)
Unsecured Debt [Member] | Revolving Credit Facility [Member]
Subsequent Event [Line Items]
Credit facility maximum borrowing capacity		$ 1,250
Term Loan [Member]
Subsequent Event [Line Items]
Term loan face amount			$ 600
Subsequent Event [Member] | Brixmor Operating Partnership LP [Member] | Federal Funds Effective Rate [Member]
Subsequent Event [Line Items]
Stated spread rate	0.50%
Subsequent Event [Member] | Brixmor Operating Partnership LP [Member] | 30-day LIBOR [Member]
Subsequent Event [Line Items]
Stated spread rate	1.00%
Subsequent Event [Member] | Brixmor Operating Partnership LP [Member] | Term Loan [Member]
Subsequent Event [Line Items]
Possible additional borrowing capacity	$ 1,000
Subsequent Event [Member] | Brixmor Operating Partnership LP [Member] | Term Loan [Member] | LIBOR [Member] | Minimum [Member]
Subsequent Event [Line Items]
Stated spread rate	0.90%
Subsequent Event [Member] | Brixmor Operating Partnership LP [Member] | Term Loan [Member] | LIBOR [Member] | Maximum [Member]
Subsequent Event [Line Items]
Stated spread rate	1.75%
Subsequent Event [Member] | Brixmor Operating Partnership LP [Member] | Term Loan [Member] | Base Rate [Member] | Minimum [Member]
Subsequent Event [Line Items]
Stated spread rate	0.00%
Subsequent Event [Member] | Brixmor Operating Partnership LP [Member] | Term Loan [Member] | Base Rate [Member] | Maximum [Member]
Subsequent Event [Line Items]
Stated spread rate	0.75%
Subsequent Event [Member] | Brixmor Operating Partnership LP [Member] | Revolving Credit and Term Loan Agreement [Member] | Unsecured Debt [Member] | Revolving Credit Facility [Member]
Subsequent Event [Line Items]
Term loan face amount	$ 2,750
Subsequent Event [Member] | Brixmor Operating Partnership LP [Member] | Revolving Facility Maturing July 31, 2020 [Member] | Unsecured Debt [Member] | Revolving Credit Facility [Member]
Subsequent Event [Line Items]
Credit facility maximum borrowing capacity	$ 1,250
Extension period from maturity date	3 years
Number of expirations | extension	2
Expiration period	6 months
Extended commitment fee, percent	0.075%
Subsequent Event [Member] | Brixmor Operating Partnership LP [Member] | Revolving Facility Maturing July 31, 2020 [Member] | Unsecured Debt [Member] | Revolving Credit Facility [Member] | Minimum [Member]
Subsequent Event [Line Items]
Commitment fee percentage	0.125%
Subsequent Event [Member] | Brixmor Operating Partnership LP [Member] | Revolving Facility Maturing July 31, 2020 [Member] | Unsecured Debt [Member] | Revolving Credit Facility [Member] | Maximum [Member]
Subsequent Event [Line Items]
Commitment fee percentage	0.30%
Subsequent Event [Member] | Brixmor Operating Partnership LP [Member] | Revolving Facility Maturing July 31, 2020 [Member] | Unsecured Debt [Member] | Revolving Credit Facility [Member] | LIBOR [Member] | Minimum [Member]
Subsequent Event [Line Items]
Stated spread rate	0.875%
Subsequent Event [Member] | Brixmor Operating Partnership LP [Member] | Revolving Facility Maturing July 31, 2020 [Member] | Unsecured Debt [Member] | Revolving Credit Facility [Member] | LIBOR [Member] | Maximum [Member]
Subsequent Event [Line Items]
Stated spread rate	1.55%
Subsequent Event [Member] | Brixmor Operating Partnership LP [Member] | Revolving Facility Maturing July 31, 2020 [Member] | Unsecured Debt [Member] | Revolving Credit Facility [Member] | Base Rate [Member] | Minimum [Member]
Subsequent Event [Line Items]
Stated spread rate	0.00%
Subsequent Event [Member] | Brixmor Operating Partnership LP [Member] | Revolving Facility Maturing July 31, 2020 [Member] | Unsecured Debt [Member] | Revolving Credit Facility [Member] | Base Rate [Member] | Maximum [Member]
Subsequent Event [Line Items]
Stated spread rate	0.55%
Subsequent Event [Member] | Brixmor Operating Partnership LP [Member] | Tranche A Term Loan Maturing July 31, 2018 [Member] | Term Loan [Member]
Subsequent Event [Line Items]
Term loan face amount	$ 1,000
Subsequent Event [Member] | Brixmor Operating Partnership LP [Member] | Tranche B Term Loan Maturing July 31, 2021 [Member] | Term Loan [Member]
Subsequent Event [Line Items]
Term loan face amount	$ 500

Acquisition of Real Estate (Pro

Acquisition of Real Estate (Properties Acquired) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)ft²
Business Acquisition [Line Items]
Purchase Price, Cash	$ 52,208
Purchase Price, Debt Assumed	7,000
Purchase Price, Total	59,208
Retail Building at Bardin Place Center [Member]
Business Acquisition [Line Items]
Purchase Price, Cash	9,258
Purchase Price, Debt Assumed	0
Purchase Price, Total	$ 9,258
Purchase Price, GLA | ft²	96,127
Larchmont Centre [Member]
Business Acquisition [Line Items]
Purchase Price, Cash	$ 11,000
Purchase Price, Debt Assumed	7,000
Purchase Price, Total	$ 18,000
Purchase Price, GLA | ft²	103,787
Webster Square Shopping Center [Member]
Business Acquisition [Line Items]
Purchase Price, Cash	$ 31,950
Purchase Price, Debt Assumed	0
Purchase Price, Total	$ 31,950
Purchase Price, GLA | ft²	182,756
2015 Acquisitions [Member]
Business Acquisition [Line Items]
Purchase Price, GLA | ft²	382,670

Acquisition of Real Estate (Pur

Acquisition of Real Estate (Purchase Price) (Details) - Acquired Properties [Member] $ in Thousands	Jun. 30, 2016USD ($)
Assets
Land	$ 12,924
Buildings	35,640
Building Improvements	4,634
Tenant Improvements	2,273
Above Market Rents	120
In-Place Leases	4,010
Real estate, net	59,601
Deferred charges and prepaid expenses, net	1,787
Total assets	61,388
Liabilities
Debt obligations, net	7,440
Accounts payable, accrued expenses and other liabilities (Below Market Leases)	1,740
Total liabilities	9,180
Net Assets Acquired	52,208
Mortgage Payable [Member]
Liabilities
Debt obligations, net	7,000
Mortgage Fair Value Adjustment [Member]
Liabilities
Debt obligations, net	$ 440

Acquisition of Real Estate (Nar

Acquisition of Real Estate (Narrative) (Details) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2016USD ($)land_parcel	Jun. 30, 2015USD ($)land_parcel
Real Estate Properties [Line Items]
Net purchase price		$ 59,208
Other Nonoperating Income (Expense) [Member]
Real Estate Properties [Line Items]
Acquisition related expenses	$ 200	$ 1,500
Acquired Land Parcels [Member]
Real Estate Properties [Line Items]
Number of outparcels acquired | land_parcel		2
Acquired Outparcels [Member]
Real Estate Properties [Line Items]
Number of outparcels acquired | land_parcel		1	2
Net purchase price			$ 2,100
Acquired Real Estate [Member]
Real Estate Properties [Line Items]
Net purchase price		$ 1,200

Discontinued Operations and A37

Discontinued Operations and Assets Held for Sale (Narrative) (Details) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2015USD ($)land_parcelshopping_center	Jun. 30, 2016USD ($)land_parcelshopping_center	Jun. 30, 2015USD ($)land_parcelshopping_center
Discontinued Operations and Disposal Groups [Abstract]
Number of shopping centers sold | shopping_center	3	2	4
Number of outparcels sold | land_parcel	2	1	2
Proceeds from sale	$ 31,900	$ 20,500	$ 41,800
Gain on disposition of operating properties	$ 9,200	$ 7,782	9,224
Provisions of impairment			$ 800

Real Estate (Details)

Real Estate (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Real Estate Owned, Disclosure of Detailed Components [Abstract]
Land	$ 2,010,074		$ 2,010,074		$ 2,011,947
Buildings and tenant improvements	8,095,182		8,095,182		8,043,325
Other rental property	858,453		858,453		877,578
Real estate, gross	10,963,709		10,963,709		10,932,850
Accumulated depreciation and amortization	(2,034,045)		(2,034,045)		(1,880,685)
Real estate, net	8,929,664		8,929,664		9,052,165
Accumulated amortization	625,200		625,200		606,500
Intangible liabilities relating to below-market leases	496,600		496,600		505,800
Accumulated amortization on below-market leases	252,800		252,800		237,200
Above- and below-market lease intangible amortization	(9,100)	$ (10,900)	(20,116)	$ (24,437)
Amortization of Intangible Assets	15,100	$ 22,100	33,200	$ 47,200
Leases, Acquired-in-Place [Member]
Real Estate Owned, Disclosure of Detailed Components [Abstract]
In-place lease value	779,500		779,500		796,800
Above Market Leases [Member]
Real Estate Owned, Disclosure of Detailed Components [Abstract]
Above market leases	79,000		79,000		$ 80,800
Above- and Below-Market Lease Accretion, Net [Member]
Above- and below-market lease accretion (income), net
2016 (remaining six months)	(16,392)		(16,392)
2,017	(29,404)		(29,404)
2,018	(26,491)		(26,491)
2,019	(22,189)		(22,189)
2,020	(17,674)		(17,674)
Tenant Relationships and Leases-in-Place Amortization [Member]
In-place lease value amortization expense
2016 (remaining six months)	26,208		26,208
2,017	41,384		41,384
2,018	32,130		32,130
2,019	25,316		25,316
2,020	$ 19,060		$ 19,060

Financial Instruments - Deriv39

Financial Instruments - Derivatives and Hedging (Details) - Interest Rate Swap [Member] - Designated as Hedging Instrument [Member] $ in Thousands	Jun. 30, 2016USD ($)derivative_instrument
Derivative [Line Items]
Number of Instruments | derivative_instrument	5
Notional Amount | $	$ 1,500,000

Financial Instruments - Deriv40

Financial Instruments - Derivatives and Hedging (Details 1) - Interest Rate Swap [Member] - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Derivatives, Fair Value [Line Items]
Gross derivative assets	$ 0	$ 0
Gross derivative liabilities	(1,345)	(2,437)
Net derivative liability	$ (1,345)	$ (2,437)

Financial Instruments - Deriv41

Financial Instruments - Derivatives and Hedging (Details 2) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Unrealized loss on interest rate hedges	$ (254)	$ (1,772)	$ (1,783)	$ (6,673)
Amortization of interest rate swaps to interest expense	$ 1,389	$ 2,490	$ 2,875	$ 4,954

Financial Instruments - Deriv42

Financial Instruments - Derivatives and Hedging (Details Textual) $ in Millions	6 Months Ended
	Jun. 30, 2016USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Amount expected to be reclassified from accumulated other comprehensive loss in the next twelve months	$ 1.3
Agreement obligations	$ 1.8

Debt Obligations (Details)

Debt Obligations (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Debt obligations under various arrangements with financial institutions
Long-term debt	$ 5,966,669
Net unamortized premium	32,249
Net unamortized debt issuance cost	(24,027)
Net unamortized discount	(8,358)
Total debt obligations	5,966,533	$ 5,974,266
Collateral carrying value	3,200,000
Term Loan [Member]
Debt obligations under various arrangements with financial institutions
Term loan face amount	$ 1,500,000
Effective percentage	0.844%
Stated spread rate	1.40%
Secured Debt [Member]
Debt obligations under various arrangements with financial institutions
Long-term debt	$ 2,048,216	2,226,763
Net unamortized premium	32,249	40,508
Net unamortized debt issuance cost	(990)	(1,752)
Long-term Debt	$ 2,079,475	2,265,519
Weighted average fixed interest rate	5.84%
Secured Debt [Member] | Minimum [Member]
Debt obligations under various arrangements with financial institutions
Stated percentage	4.40%
Secured Debt [Member] | Maximum [Member]
Debt obligations under various arrangements with financial institutions
Stated percentage	8.00%
Unsecured Debt [Member]
Debt obligations under various arrangements with financial institutions
Long-term debt	$ 1,818,453	1,218,453
Net unamortized debt issuance cost	(14,430)	(9,923)
Net unamortized discount	(8,358)	(4,676)
Long-term Debt	$ 1,795,665	1,203,854
Weighted average fixed interest rate	3.98%
Unsecured Debt [Member] | Minimum [Member]
Debt obligations under various arrangements with financial institutions
Stated percentage	3.85%
Unsecured Debt [Member] | Maximum [Member]
Debt obligations under various arrangements with financial institutions
Stated percentage	7.97%
Unsecured Debt [Member] | Unsecured Credit Facility [Member]
Debt obligations under various arrangements with financial institutions
Long-term debt	$ 1,500,000	1,916,000
Stated percentage	1.90%
Unsecured Debt [Member] | Term Loan [Member]
Debt obligations under various arrangements with financial institutions
Long-term debt	$ 600,000	600,000
Stated percentage	1.90%
Unsecured Debt [Member] | Unsecured Credit Facility and Term Loan [Member]
Debt obligations under various arrangements with financial institutions
Net unamortized debt issuance cost	$ (8,607)	(11,107)
Long-term Debt	2,091,393	$ 2,504,893
Unsecured Debt [Member] | Revolving Credit Facility [Member]
Debt obligations under various arrangements with financial institutions
Credit facility maximum borrowing capacity	$ 1,250,000

Debt Obligations (Details 1)

Debt Obligations (Details 1) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Future expected/scheduled maturities of outstanding debt and capital lease
2016 (remaining six months)	$ 699,150
2,017	349,659
2,018	1,519,476
2,019	620,126
2,020	766,577
Thereafter	2,011,681
Total debt maturities	5,966,669
Net unamortized premiums on secured loans	32,249
Net unamortized discount on notes	(8,358)
Net unamortized debt issuance costs	(24,027)
Total debt obligations, Carrying Amounts	$ 5,966,533	$ 5,974,266

Debt Obligations (Details 2)

Debt Obligations (Details 2) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Debt Instrument [Line Items]
Gain on extinguishment of debt, net		$ 93	$ 493	$ 93	$ 785
Accrued interest	$ 33,600	33,600		33,600		$ 31,100
Secured Debt [Member]
Debt Instrument [Line Items]
Debt repaid				168,400
Revolving Credit Facility [Member] | Unsecured Debt [Member]
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity	1,250,000	1,250,000		1,250,000
4.125% Senior Notes due 2026 [Member]
Debt Instrument [Line Items]
Term loan face amount	$ 600,000	$ 600,000		$ 600,000
Stated percentage	4.125%	4.125%		4.125%
Redemption price, percentage of principal amount	100.00%

Fair Value Disclosures (Details

Fair Value Disclosures (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Estimated fair value of the Company's debt obligations compared to their carrying amounts
Secured loans payable, Carrying Amounts	$ 5,966,533	$ 5,974,266
Total debt obligations, Carrying Amounts	5,966,533	5,974,266
Carrying Amounts [Member]
Estimated fair value of the Company's debt obligations compared to their carrying amounts
Secured loans payable, Carrying Amounts	2,079,475	2,265,519
Notes payable, Carrying Amounts	1,795,665	1,203,854
Unsecured credit facility and term loan, Carrying Amounts	2,091,393	2,504,893
Total debt obligations, Carrying Amounts	5,966,533	5,974,266
Fair Value [Member]
Estimated fair value of the Company's debt obligations compared to their carrying amounts
Secured loans payable, Fair Value	2,195,790	2,367,070
Notes payable, Fair Value	1,844,983	1,198,504
Unsecured credit facility and term loan, Fair Value	2,100,000	2,516,000
Total debt obligations, Fair Value	$ 6,140,773	$ 6,081,574

Fair Value Disclosures (Detai47

Fair Value Disclosures (Details 1) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities, unrealized gains (losses)	$ 100	$ (100)
Fair Value, Measurements, Recurring [Member] | Marketable Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	28,752	23,001
Fair Value, Measurements, Recurring [Member] | Interest Rate Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	(1,345)	(2,437)
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Marketable Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	6,806	1,167
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Interest Rate Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	0	0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Marketable Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	21,946	21,834
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	(1,345)	(2,437)
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Marketable Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	0	0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Interest Rate Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	$ 0	$ 0

Equity and Capital (Details)

Equity and Capital (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Noncontrolling Interest [Line Items]
Common stock authorized for sale under the ATM			$ 400
Common stock remained available for issuance under the ATM	$ 400		$ 400
Dividends, per common share	$ 0.245	$ 0.225	$ 0.49	$ 0.45
Parent Company [Member] | Operating Partnership [Member]
Noncontrolling Interest [Line Items]
Ownership percentage	98.80%		98.80%
Parent Company [Member] | Certain Members of the Parent Company’s Current and Former Management [Member]
Noncontrolling Interest [Line Items]
Ownership percentage	1.20%		1.20%
Accounts Payable and Accrued Liabilities [Member]
Noncontrolling Interest [Line Items]
Dividends payable	$ 75.5		$ 75.5		$ 76
Common Stock [Member]
Noncontrolling Interest [Line Items]
Stock repurchased during period, shares			122,768	12,754

Stock Based Compensation (Detai

Stock Based Compensation (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of cash proceeds received if units granted, internal rate of return	15.00%		15.00%
Number of shares authorized	15		15
Reversal of previously recognized equity compensation expense			$ 2.6
Accelerated share repurchases,compensation expense				$ 2.7
Share-based compensation (benefit)/expense	$ 6.2	$ 2.6	4.6	15.5
Compensation cost not yet recognized	$ 17.9		$ 17.9
Weighted average remaining contractual term			2 years 2 months 9 days
General and Administrative Expense [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity based compensation expense				$ 9.9
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service period			1 year
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service period			5 years
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in period			0.8	0.7

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Earnings Per Share, Basic [Abstract]
Net income	$ 65,470	$ 55,167	$ 127,019	$ 86,303
Income attributable to non-controlling interests	(1,014)	(1,055)	(2,086)	(1,768)
Non-forfeitable dividends on unvested restricted shares	(9)	(6)	(17)	(11)
Net income attributable to the Company’s common stockholders for basic earnings per share	$ 64,447	$ 54,106	$ 124,916	$ 84,524
Weighted average number shares outstanding - basic	299,872	298,464	299,526	297,332
Net income (usd per share)	$ 0.21	$ 0.18	$ 0.42	$ 0.28
Computation of Diluted Earnings Per Share:
Net income attributable to the Company’s common stockholders for basic earnings per share	$ 64,447	$ 54,106	$ 124,916	$ 84,524
Allocation of net income to dilutive convertible non-controlling interests	0	0	2,086	1,768
Net income attributable to the Company’s common stockholders for diluted earnings per share	$ 64,447	$ 54,106	$ 127,002	$ 86,292
Conversion of OP Units	0	0	5,009	6,378
Equity awards	332	530	326	1,009
Weighted average shares outstanding - diluted (2)	300,204	298,994	304,861	304,719
Net income (usd per share)	$ 0.21	$ 0.18	$ 0.42	$ 0.28
Antidilutive securities excluded from computation of earnings per share	4,700	5,800

Earnings per Unit (Details)

Earnings per Unit (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Schedule of Earnings per Share [Line Items]
Net income attributable to Brixmor Operating Partnership LP	$ 65,470	$ 55,167	$ 127,019	$ 86,303
Non-forfeitable dividends on unvested restricted shares	(9)	(6)	(17)	(11)
Net income attributable to the Company’s common stockholders for basic earnings per share	$ 64,447	$ 54,106	$ 124,916	$ 84,524
Weighted average number of common shares outstanding - basic	299,872	298,464	299,526	297,332
Net income (usd per share)	$ 0.21	$ 0.18	$ 0.42	$ 0.28
Net income attributable to the Company’s common stockholders for diluted earnings per share	$ 64,447	$ 54,106	$ 127,002	$ 86,292
Equity awards	332	530	326	1,009
Weighted average shares outstanding - diluted	300,204	298,994	304,861	304,719
Net income (usd per share)	$ 0.21	$ 0.18	$ 0.42	$ 0.28
Brixmor Operating Partnership LP [Member]
Schedule of Earnings per Share [Line Items]
Net income attributable to Brixmor Operating Partnership LP	$ 65,470	$ 55,167	$ 127,020	$ 86,303
Non-forfeitable dividends on unvested restricted shares	(9)	(6)	(17)	(11)
Net income attributable to the Company’s common stockholders for basic earnings per share	$ 65,461	$ 55,161	$ 127,003	$ 86,292
Weighted average number of common shares outstanding - basic	304,588	304,283	304,535	303,710
Net income (usd per share)	$ 0.21	$ 0.18	$ 0.42	$ 0.28
Net income attributable to the Company’s common stockholders for diluted earnings per share	$ 65,461	$ 55,161	$ 127,003	$ 86,292
Equity awards	332	530	326	1,009
Weighted average shares outstanding - diluted	304,920	304,813	304,861	304,719
Net income (usd per share)	$ 0.21	$ 0.18	$ 0.42	$ 0.28

Commitments and Contingencies52

Commitments and Contingencies (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Rent expense	$ 2,700	$ 2,500	$ 4,600	$ 5,000
Operating Leases, Future Minimum Payments Due, Rolling Maturity [Abstract]
2016 (remaining six months)	4,346		4,346
2,017	7,281		7,281
2,018	6,846		6,846
2,019	6,695		6,695
2,020	5,883		5,883
Thereafter	85,476		85,476
Total minimum annual rental commitments	$ 116,527		$ 116,527