Brixmor Property (BRX) 10-Q 1 May 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2017	Apr. 01, 2017
Entity Registrant Name	Brixmor Property Group Inc.
Entity Central Index Key	1,581,068
Document Type	10-Q
Document Period End Date	Mar. 31, 2017
Amendment Flag	false
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		304,893,187
Brixmor Operating Partnership LP [Member]
Entity Registrant Name	Brixmor Operating Partnership LP
Entity Central Index Key	1,630,031
Document Period End Date	Mar. 31, 2017
Amendment Flag	false
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Real estate
Land	$ 2,015,450	$ 2,006,655
Buildings and improvements	9,080,827	9,002,403
Real estate, gross	11,096,277	11,009,058
Accumulated depreciation and amortization	(2,226,018)	(2,167,054)
Real estate, net	8,870,259	8,842,004
Investments in and advances to unconsolidated joint ventures	7,963	7,921
Cash and cash equivalents	59,883	51,402
Restricted cash	44,499	51,467
Marketable securities	24,730	25,573
Receivables, net of allowance for doubtful accounts of $15,386 and $16,756	181,539	178,216
Deferred charges and prepaid expenses, net	127,532	122,787
Other assets	42,693	40,315
Total assets	9,359,098	9,319,685
Liabilities
Debt obligations, net	5,924,834	5,838,889
Accounts payable, accrued expenses and other liabilities	512,647	553,636
Total liabilities	6,437,481	6,392,525
Commitments and contingencies (Note 13)
Equity
Common stock	3,049	3,043
Additional paid in capital	3,328,234	3,324,874
Accumulated other comprehensive income	24,139	21,519
Distributions in excess of net income	(434,453)	(426,552)
Total stockholders’ equity	2,920,969	2,922,884
Non-controlling interests	648	4,276
Total equity	2,921,617	2,927,160
Total liabilities and equity	9,359,098	9,319,685
Brixmor Operating Partnership LP [Member]
Real estate
Land	2,015,450	2,006,655
Buildings and improvements	9,080,827	9,002,403
Real estate, gross	11,096,277	11,009,058
Accumulated depreciation and amortization	(2,226,018)	(2,167,054)
Real estate, net	8,870,259	8,842,004
Investments in and advances to unconsolidated joint ventures	7,963	7,921
Cash and cash equivalents	59,851	51,368
Restricted cash	44,499	51,467
Marketable securities	24,516	25,356
Receivables, net of allowance for doubtful accounts of $15,386 and $16,756	181,539	178,216
Deferred charges and prepaid expenses, net	127,532	122,787
Other assets	42,693	40,315
Total assets	9,358,852	9,319,434
Liabilities
Debt obligations, net	5,924,834	5,838,889
Accounts payable, accrued expenses and other liabilities	512,647	553,636
Total liabilities	6,437,481	6,392,525
Commitments and contingencies (Note 13)
Equity
Common stock	2,897,219	2,905,378
Accumulated other comprehensive income	24,152	21,531
Total equity	2,921,371	2,926,909
Total liabilities and equity	$ 9,358,852	$ 9,319,434

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Allowance for doubtful accounts receivable	$ 15,386	$ 16,759
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	3,000,000,000	3,000,000,000
Common stock, shares outstanding	304,893,187	304,343,141
Brixmor Operating Partnership LP [Member]
Allowance for doubtful accounts receivable	$ 15,386	$ 16,759
Common stock, shares outstanding	304,893,187	304,720,842

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Revenues
Rental income	$ 249,621	$ 251,146
Expense reimbursements	73,190	69,712
Other revenues	2,995	2,246
Total revenues	325,806	323,104
Operating expenses
Operating costs	37,425	35,051
Real estate taxes	46,467	44,391
Depreciation and amortization	93,931	100,479
Provision for doubtful accounts	1,050	2,740
Impairment of real estate assets	5,686	0
General and administrative	20,957	20,724
Total operating expenses	205,516	203,385
Other income (expense)
Dividends and interest	73	73
Interest expense	(55,731)	(57,443)
Gain on sale of real estate assets	8,805	0
Loss on extinguishment of debt	(1,262)	0
Other	(707)	(907)
Total other expense	(48,822)	(58,277)
Income before equity in income of unconsolidated joint ventures	71,468	61,442
Equity in income of unconsolidated joint ventures	187	107
Net income	71,655	61,549
Net income attributable to non-controlling interests	(76)	(1,072)
Net income attributable to common stockholders	$ 71,579	$ 60,477
Net income attributable to common stockholders:
Basic (usd per share)	$ 0.23	$ 0.20
Diluted (usd per share)	$ 0.23	$ 0.20
Weighted average shares:
Basic (usd per share)	304,569	299,180
Diluted (usd per share)	304,795	299,379
Brixmor Operating Partnership LP [Member]
Revenues
Rental income	$ 249,621	$ 251,146
Expense reimbursements	73,190	69,712
Other revenues	2,995	2,246
Total revenues	325,806	323,104
Operating expenses
Operating costs	37,425	35,051
Real estate taxes	46,467	44,391
Depreciation and amortization	93,931	100,479
Provision for doubtful accounts	1,050	2,740
Impairment of real estate assets	5,686	0
General and administrative	20,957	20,724
Total operating expenses	205,516	203,385
Other income (expense)
Dividends and interest	73	73
Interest expense	(55,731)	(57,443)
Gain on sale of real estate assets	8,805	0
Loss on extinguishment of debt	(1,262)	0
Other	(707)	(907)
Total other expense	(48,822)	(58,277)
Income before equity in income of unconsolidated joint ventures	71,468	61,442
Equity in income of unconsolidated joint ventures	187	107
Net income	71,655	61,549
Net income attributable to Brixmor Operating Partnership LP	$ 71,655	$ 61,549
Net income attributable to common stockholders:
Basic (usd per share)	$ 0.23	$ 0.20
Diluted (usd per share)	$ 0.23	$ 0.20
Weighted average shares:
Basic (usd per share)	304,888	304,483
Diluted (usd per share)	305,114	304,682

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Net income	$ 71,655	$ 61,549
Other comprehensive income (loss)
Unrealized gain (loss) on interest rate swaps, net	2,619	(43)
Unrealized gain on marketable securities	1	104
Total other comprehensive income	2,620	61
Comprehensive income	74,275	61,610
Comprehensive income attributable to non-controlling interests	(76)	(1,072)
Comprehensive income attributable to common stockholders	74,199	60,538
Brixmor Operating Partnership LP [Member]
Net income	71,655	61,549
Other comprehensive income (loss)
Unrealized gain (loss) on interest rate swaps, net	2,619	(43)
Unrealized gain on marketable securities	2	99
Total other comprehensive income	2,621	56
Comprehensive income attributable to common stockholders	$ 74,276	$ 61,605

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 in Excess of Net Income [Member]	Non-controlling Interests [Member]
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	(72,977)							(72,977)
Distributions to non-controlling interests	(1,322)								(1,322)
Distributions to partners		(74,313)		(74,313)
Equity based compensation expense (benefit)	(1,582)	(1,582)		(1,582)	(1,555)				(27)
Issuance of common stock and OP Units, shares			77
Issuance of common stock and OP Units	210	210	$ 1	210	(1,407)				1,616
Other comprehensive income (loss)	61	56				61	56
Shared-based awards retained for taxes	(1,165)	(1,165)		(1,165)	(1,165)
Net (loss) income	61,549	61,549		61,549				60,477	1,072
Ending balance, shares at Mar. 31, 2016			299,215
Ending balance, value at Mar. 31, 2016	2,905,076	2,904,825	$ 2,992	2,907,264	3,266,119	(2,448)	(2,439)	(413,445)	51,858
Beginning balance, shares at Dec. 31, 2016			304,343
Beginning balance, value at Dec. 31, 2016	2,927,160	2,926,909	$ 3,043	2,905,378	3,324,874	21,519	21,531	(426,552)	4,276
Increase (Decrease) in Equity [Roll Forward]
Common stock dividends	(79,480)							(79,480)
Distributions to partners		(79,476)		(79,476)
Equity based compensation expense (benefit)	2,126	2,126		2,126	2,123				3
Issuance of common stock and OP Units, shares			147
Issuance of common stock and OP Units	0		$ 6						(6)
Other comprehensive income (loss)	2,620	2,621				2,620	2,621
Conversion of Operating Partnership units into common stock, share			403
Conversion of Operating Partnership units into common stock	0				3,701				(3,701)
Shared-based awards retained for taxes	(2,464)	(2,464)		(2,464)	(2,464)
Net (loss) income	71,655	71,655		71,655				71,579	76
Ending balance, shares at Mar. 31, 2017			304,893
Ending balance, value at Mar. 31, 2017	$ 2,921,617	$ 2,921,371	$ 3,049	$ 2,897,219	$ 3,328,234	$ 24,139	$ 24,152	$ (434,453)	$ 648

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTs OF CHANGES IN EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Statement of Stockholders' Equity [Abstract]
Dividends, per common share	$ 0.26	$ 0.245

CONDENSED CONSOLIDATED STATEME8

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Operating activities:
Net income	$ 71,655	$ 61,549
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	93,931	100,479
Debt premium and discount amortization	(1,684)	(4,066)
Deferred financing cost amortization	1,800	1,937
Above- and below-market lease intangible amortization	(7,796)	(11,018)
Provisions for impairment	5,686	0
Gain on disposition of operating properties	8,805	0
Equity based compensation	2,126	(1,582)
Other	344	231
Loss on extinguishment of debt	1,262	0
Changes in operating assets and liabilities:
Receivables	(3,593)	10,589
Deferred charges and prepaid expenses	(12,321)	(5,310)
Other assets	(274)	84
Accounts payable, accrued expenses and other liabilities	(34,181)	(36,778)
Net cash provided by operating activities	108,150	116,115
Investing activities:
Improvements to and investments in real estate assets	(39,260)	(36,340)
Acquisitions of real estate assets	104,811	0
Proceeds from sales of real estate assets	34,091	0
Purchase of marketable securities	(7,502)	(6,893)
Proceeds from sale of marketable securities	8,335	6,810
Net cash used in investing activities	(109,147)	(36,423)
Financing activities:
Repayment of debt obligations and financing liabilities	(5,961)	(4,740)
Repayment of borrowings under unsecured revolving credit facility	(57,000)	0
Proceeds from borrowings under unsecured revolving credit facility	145,000	40,000
Repayment of unsecured term loans and notes	(390,000)	0
Proceeds from unsecured term loan and notes	393,436	0
Deferred financing costs	(908)	0
Distributions to common stockholders	(79,493)	(73,447)
Distributions to non-controlling interests	(101)	(1,297)
Repurchase of common shares in conjunction with equity award plans	(2,463)	(1,165)
Net cash provided by (used in) financing activities	2,510	(40,649)
Change in cash, cash equivalents and restricted cash	1,513	39,043
Cash, cash equivalents and restricted cash at beginning of period	102,869	110,990
Cash, cash equivalents and restricted cash at end of period	104,382	150,033
Reconciliation to consolidated balance sheets
Cash, cash equivalents and restricted cash at end of period	102,869	110,990
Supplemental disclosure of cash flow information:
Cash paid for interest, net of amount capitalized of $946 and $587	66,815	68,088
Brixmor Operating Partnership LP [Member]
Operating activities:
Net income	71,655	61,549
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	93,931	100,479
Debt premium and discount amortization	(1,684)	(4,066)
Deferred financing cost amortization	1,800	1,937
Above- and below-market lease intangible amortization	(7,796)	(11,018)
Provisions for impairment	5,686	0
Gain on disposition of operating properties	8,805	0
Equity based compensation	2,126	(1,582)
Other	344	231
Loss on extinguishment of debt	1,262	0
Changes in operating assets and liabilities:
Receivables	(3,593)	10,589
Deferred charges and prepaid expenses	(12,321)	(5,310)
Other assets	(274)	84
Accounts payable, accrued expenses and other liabilities	(34,181)	(36,780)
Net cash provided by operating activities	108,150	116,113
Investing activities:
Improvements to and investments in real estate assets	(39,260)	(36,340)
Acquisitions of real estate assets	104,811	0
Proceeds from sales of real estate assets	34,091	0
Purchase of marketable securities	(7,502)	(6,884)
Proceeds from sale of marketable securities	8,335	6,810
Net cash used in investing activities	(109,147)	(36,414)
Financing activities:
Repayment of debt obligations and financing liabilities	(5,961)	(4,740)
Repayment of borrowings under unsecured revolving credit facility	(57,000)	0
Proceeds from borrowings under unsecured revolving credit facility	145,000	40,000
Repayment of unsecured term loans and notes	(390,000)	0
Proceeds from unsecured term loan and notes	393,436	0
Deferred financing costs	(908)	0
Partner distributions	(82,054)	(75,930)
Net cash provided by (used in) financing activities	2,513	(40,670)
Change in cash, cash equivalents and restricted cash	1,516	39,029
Cash, cash equivalents and restricted cash at beginning of period	102,834	110,968
Cash, cash equivalents and restricted cash at end of period	104,350	149,997
Reconciliation to consolidated balance sheets
Cash, cash equivalents and restricted cash at end of period	$ 102,834	$ 110,968

CONDENSED CONSOLIDATED STATEME9

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Interest paid, capitalized	$ 946	$ 587
Brixmor Operating Partnership LP [Member]
Interest paid, capitalized	$ 946	$ 587

Nature of Business and Financia

Nature of Business and Financial Statement Presentation	3 Months Ended
	Mar. 31, 2017
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 real estate investment trust (“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, disposition and redevelopment 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 by gross leasable area ("GLA") in the United States, comprised primarily of community and neighborhood shopping centers. As of March 31, 2017, the Company's portfolio was comprised of 510 shopping centers totaling approximately 86 million square feet of gross leasable area (the “Portfolio”), including 509 wholly owned shopping centers and one shopping center held through an unconsolidated joint venture. In addition, the Company has one land parcel currently under development. The Company’s high quality national Portfolio is primarily located within established trade areas in the top 50 Metropolitan Statistical Areas, and our shopping centers are primarily anchored by non-discretionary and value-oriented retailers, as well as consumer-oriented service providers. The Company does not distinguish its principal business or group its operations on a geographical basis for purposes of measuring performance. Accordingly, the Company 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, 2016 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 13, 2017. 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 Parent Company and the Operating Partnership are presented as non-controlling interests as of and during the periods presented. All intercompany transactions have been eliminated. Real Estate Real estate assets are recognized in the Company's Consolidated Balance Sheets at historical cost, less accumulated depreciation and amortization. Upon acquisition of real estate operating properties, management estimates the fair value of acquired tangible assets (consisting of land, buildings, and tenant improvements), identifiable intangible assets and liabilities (consisting of above and below-market leases, in-place leases and tenant relationships) and assumed debt based on an evaluation of available information. Based on these estimates, the estimated fair value is allocated to the acquired assets and assumed liabilities. Transaction costs incurred during the acquisition process are capitalized as a component of the asset’s value. The fair value of tangible assets is determined as if the acquired property is vacant. Fair value is determined using an exit price approach, which contemplates the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. If subsequent information regarding the fair value of the assets acquired and liabilities assumed is received and estimates are refined, the appropriate adjustments are made to the purchase price allocation on a prospective basis. In allocating the fair value to identifiable intangible assets and liabilities of an acquired operating property, the value of above-market and below-market leases is estimated based on the present value (using a discount rate reflecting the risks associated with leases acquired) of the difference between: (i) the contractual amounts to be paid pursuant to the leases negotiated and in-place at the time of acquisition and (ii) management’s estimate of fair market lease rates for the property or an equivalent property, measured over a period equal to the remaining non-cancelable term of the lease, which includes renewal periods with fixed rental terms that are considered to be below-market. The capitalized above-market or below-market intangible is amortized as a reduction of, or increase to, rental income over the remaining non-cancelable term of each lease. In determining the value of in-place leases and tenant relationships, management evaluates the specific characteristics of each lease and the Company’s overall relationship with each tenant. Factors considered include, but are not limited to: the nature of the existing relationship with a tenant, the credit risk associated with a tenant, expectations surrounding lease renewals, estimated carrying costs of a property during a hypothetical expected lease-up period, current market conditions and costs to execute similar leases. Management also considers information obtained about a property in connection with its pre-acquisition due diligence. Estimated carrying costs include: property operating costs, insurance, real estate taxes and estimates of lost rentals at market rates. Costs to execute similar leases include leasing commissions and legal costs to the extent that such costs are not already incurred with a new lease that has been negotiated in connection with the purchase of a property. The values assigned to in-place leases and tenant relationships are amortized to Depreciation and amortization expense over the remaining term of each lease. Certain real estate assets are depreciated using the straight-line method over the estimated useful lives of the assets. The estimated useful lives are as follows: Building and building and land improvements 20 - 40 years Furniture, fixtures, and equipment 5 - 10 years Tenant improvements The shorter of the term of the related lease or useful life Costs to fund major replacements and betterments, which extend the life of the asset, are capitalized and depreciated over their respective useful lives, while costs for ordinary repairs and maintenance activities are expensed as incurred. When a real estate asset is identified by management as held-for-sale, the Company discontinues depreciating the asset and estimates its sales price, net of estimated selling costs. If the estimated net sales price of an asset is less than its net carrying value, a loss is recognized to reflect the estimated fair value. Properties classified as real estate held-for-sale generally represent properties that are under contract for sale and are expected to close within 12 months. On a periodic basis, management assesses whether there are indicators, including property operating performance, changes in anticipated holding period and general market conditions, that the value of the Company’s real estate assets (including any related intangible assets or liabilities) may be impaired. If an indicator is identified, a real estate asset is considered impaired only if management’s estimate of current and projected operating cash flows (undiscounted and unleveraged), taking into account the anticipated and probability weighted holding period, are less than a real estate asset’s carrying value. Various factors are considered in the estimation process, including trends and prospects and the effects of demand, competition, and other economic factors. Changes in any estimates and/or assumptions, including the anticipated holding period, could have a material impact on the projected operating cash flows. If management determines that the carrying value of a real estate asset is impaired, a loss is recognized for the excess of its carrying amount over its fair value. In situations in which a lease or leases associated with a significant tenant have been, or are expected to be, terminated early, the Company evaluates the remaining useful lives of depreciable or amortizable assets in the asset group related to the lease that will be terminated (i.e., tenant improvements, above and below market lease intangibles, in-place lease value and leasing commissions). Based upon consideration of the facts and circumstances surrounding the termination, the Company may write-off or accelerate the depreciation and amortization associated with the asset group. 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 REIT taxable income, determined without regard to the deduction for dividends paid and excluding net capital gains, 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 United States 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. 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. On April 3, 2017, BPG Sub’s status as a REIT terminated when BPG Sub became a disregarded subsidiary of the Parent Company for United States federal income tax purposes. The Parent Company and BPG Sub have taxable REIT subsidiaries, and the Parent Company 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 Operating Partnership is organized as a limited partnership and is generally not subject to federal income tax. Accordingly, no provision for federal income taxes has been reflected in the accompanying unaudited Condensed Consolidated Financial Statements. The Operating Partnership, however, may be subject to certain state and local income taxes or franchise taxes. The Company has analyzed the tax position taken on income tax returns for the open 2013 through 2016 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 March 31, 2017 and December 31, 2016. New Accounting Pronouncements In January 2017, the FASB issued Accounting Standards Update ("ASU") 2017-01, "Business Combinations (Topic 805)." ASU 2017-01 clarifies the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The new guidance will result in many real estate transactions being classified as an asset acquisition and transaction costs being capitalized. The standard is effective on January 1, 2018, with early adoption permitted. ASU 2017-01 was early adopted by the Company on January 1, 2017. As a result of adopting ASU 2017-01 the Company has begun capitalizing transaction costs associated with the acquisition of real estate assets. During the three months ended March 31, 2017, the Company capitalized $0.3 million of transaction costs. The Company evaluated ASU 2017-01 and determined it would not have a material impact on the unaudited Condensed Consolidated Financial Statements of the Company. In November 2016, the FASB issued ASU 2016-18, "Statement of Cash Flows (Topic 230)." ASU 2016-18 requires that the statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The standard is effective on January 1, 2018, with early adoption permitted. ASU 2016-18 was early adopted by the Company on January 1, 2017. As a result of adopting ASU 2016-18 the Company now presents the unaudited Condensed Consolidated Statement of Cash Flows inclusive of restricted cash balances and also provides a reconciliation to the cash and cash equivalents and restricted cash amounts presented on the unaudited Condensed Consolidated Balance Sheets. The Company evaluated ASU 2016-18 and determined it would not have a material impact on the unaudited Condensed Consolidated Financial Statements of the Company. In August 2016, the FASB issued ASU 2016-15, "Statement of Cash Flows (Topic 230)." ASU 2016-15 provides classification guidance for certain cash receipts and cash payments including payment of debt extinguishment costs, settlement of zero-coupon debt instruments, insurance claim payments and distributions from equity method investees. The standard is effective on January 1, 2018, with early adoption permitted. The Company does not expect the adoption of ASU 2016-15 to have a material impact on its unaudited Condensed Consolidated Financial Statements of the Company. In March 2016, the FASB issued ASU 2016-09, "Compensation - Stock Compensation (Topic 718)." ASU 2016-09 sets out amendments 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 new standard became effective for the Company on January 1, 2017. As a result of adopting ASU 2016-09 the Company has elected to account for share-based award forfeitures on an actual basis as opposed to the use of an estimated forfeiture rate. The Company evaluated ASU 2016-09 and determined it would not have a material impact 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 recognize 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 its unaudited Condensed Consolidated Financial Statements of the Company. In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers.” ASU 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 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 non-financial 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 2014-09, as amended by ASU 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 2014-09 will have on its 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	3 Months Ended
	Mar. 31, 2017
Real Estate [Abstract]
Acquisition of Real Estate	Acquisition of Real Estate During the three months ended March 31, 2017, the Company acquired the following for an aggregate purchase price, including transaction costs, of (dollars in thousands): Aggregate Purchase Price Description Location Month Acquired GLA Cash Debt Assumed Total Outparcel building adjacent to Annex of Arlington Arlington Heights, IL Feb-17 5,760 $ 1,006 $ — $ 1,006 Outparcel adjacent to Northeast Plaza Atlanta, GA Feb-17 N/A 1,537 — 1,537 Arborland Center Ann Arbor, MI Mar-17 403,536 102,268 — 102,268 409,296 $ 104,811 $ — $ 104,811 The aggregate purchase price of the properties acquired during the three months ended March 31, 2017, has been allocated as follows: Three Months Ended March 31, 2017 Assets Land $ 16,130 Buildings 72,543 Building and tenant improvements 8,352 Above market rents 2,381 In-place leases 8,259 Total assets 107,665 Liabilities Accounts payable, accrued expenses and other liabilities (Below Market Leases) 2,854 Total liabilities 2,854 Net Assets Acquired $ 104,811 In addition, during the three months ended March 31, 2016, the Company acquired two land parcels and one outparcel for an aggregate purchase price of $1.2 million . These amounts are included in Improvements to and investments in real estate assets on the Company’s unaudited Condensed Consolidated Statement of Cash Flows.

Dispositions and Assets Held fo

Dispositions and Assets Held for Sale	3 Months Ended
	Mar. 31, 2017
Discontinued Operations and Disposal Groups [Abstract]
Dispositions and Assets Held for Sale	Dispositions and Assets Held for Sale During the three months ended March 31, 2017, the Company disposed of three shopping centers for net proceeds of $34.1 million resulting in a gain of $8.8 million . The Company had no properties held for sale as of March 31, 2017. During the three months ended March 31, 2016, the Company did not dispose of any shopping centers. The Company had no properties held for sale as of December 31, 2016. There were no discontinued operations for the three months ended March 31, 2017 and 2016 as none of the dispositions represented a strategic shift in the Company's business that would qualify as discontinued operations.

Real Estate

Real Estate	3 Months Ended
	Mar. 31, 2017
Real Estate [Abstract]
Real Estate	Real Estate The Company’s components of Real estate, net consisted of the following: March 31, 2017 December 31, 2016 Land $ 2,015,450 $ 2,006,655 Buildings and improvements: Buildings and tenant improvements 8,246,023 8,165,672 Lease intangibles (1) 834,804 836,731 11,096,277 11,009,058 Accumulated depreciation and amortization (2) (2,226,018 ) (2,167,054 ) Total $ 8,870,259 $ 8,842,004 (1) At March 31, 2017 and December 31, 2016, Lease intangibles consisted of $ 754.9 million and $ 758.0 million , respectively, of in-place leases and $ 79.9 million and $ 78.7 million , respectively, of above-market leases. These intangible assets are amortized over the term of each related lease. (2) At March 31, 2017 and December 31, 2016, Accumulated depreciation and amortization included $ 632.4 million and $ 632.8 million , respectively, of accumulated amortization related to Lease intangibles. In addition, at March 31, 2017 and December 31, 2016, the Company had intangible liabilities relating to below-market leases of $ 485.0 million and $ 485.2 million , respectively, and accumulated accretion of $ 268.2 million and $ 261.7 million , respectively. These intangible liabilities are included in Accounts payable, accrued expenses and other liabilities in the Company’s unaudited Condensed Consolidated Balance Sheets. Net above and below market lease intangible accretion income for the three months ended March 31, 2017 and 2016 was $7.8 million and $11.0 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 March 31, 2017 and 2016 was $12.1 million and $18.1 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 and in-place leases for the next five years are as follows: Year ending December 31, Above- and below-market lease accretion (income), net In-place lease amortization expense 2017 (remaining nine months) $ (20,907 ) $ 31,715 2018 (25,538 ) 34,451 2019 (21,488 ) 27,237 2020 (17,515 ) 20,280 2021 (14,508 ) 14,692

Impairments

Impairments	3 Months Ended
	Mar. 31, 2017
Impairment of Real Estate [Abstract]
Impairments	Impairments On a periodic basis, management assesses whether there are any indicators, including property operating performance, changes in anticipated holding period and general market conditions, that the value of the Company’s real estate assets (including any related intangible assets or liabilities) may be impaired. If management determines that the carrying value of a real estate asset is impaired, a loss is recognized for the excess of its carrying amount over its fair value. The Company recognized the following impairments during the three months ended March 31, 2017: Three Months Ended March 31, 2017 Property Name Location Quarter Impaired GLA Impairment Charge The Plaza at Salmon Run (1) Watertown, NY Q1 2017 68,761 $ 3,486 Smith's (1) Socorro, NM Q1 2017 48,000 2,200 116,761 $ 5,686 (1) The Company recognized impairment charges based upon a change in estimated holding periods for the properties. The Company did not recognize any impairment charges during the three months ended March 31, 2016. The Company can provide no assurance that material impairment charges with respect to its Portfolio will not occur in future periods. See Note 8 for additional information regarding the fair value of impairments taken on operating properties.

Financial Instruments - Derivat

Financial Instruments - Derivatives and Hedging	3 Months Ended
	Mar. 31, 2017
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 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 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 months ended March 31, 2017, the Company did not enter into any new interest rate swap agreements. During the year ended December 31, 2016, the Company entered into nine forward starting interest rate swap agreements (the “Swaps”) with an effective date of November 1, 2016 and an aggregate notional value of $1.4 billion to partially hedge the variable cash flows associated with variable LIBOR based interest rates under the Company's $2.75 billion senior unsecured credit facility as amended July 25, 2016 (the, "Unsecured Credit Facility") and $600.0 million term loan as amended July 25, 2016 (the, "Term Loan"). The Swaps have expiration dates ranging from July 31, 2018 to July 30, 2021. Detail of the Company’s interest rate derivatives designated as cash flow hedges outstanding as of March 31, 2017 and December 31, 2016 is as follows: Number of Instruments Notional Amount March 31, 2017 December 31, 2016 March 31, 2017 December 31, 2016 Interest Rate Swaps 9 9 $ 1,400,000 $ 1,400,000 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. Detail on the Company’s fair value of interest rate derivatives on a gross and net basis as of March 31, 2017 and December 31, 2016, respectively, is as follows: Fair Value of Derivative Instruments Interest rate swaps classified as: March 31, 2017 December 31, 2016 Gross derivative assets $ 24,224 $ 21,605 Gross derivative liabilities — — Net derivative assets $ 24,224 $ 21,605 The gross derivative assets are included in Other assets and the gross derivative liabilities are included in Accounts payable, accrued expenses and other liabilities on the Company's 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 recognized 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 recognized in the Company’s unaudited Condensed Consolidated Statement of Comprehensive Income for the three months ended March 31, 2017 and 2016 is as follows: Derivatives in Cash Flow Hedging Relationships (Interest Rate Swaps) Three Months Ended March 31, 2017 2016 Unrealized gain (loss) on interest rate swaps $ 2,157 $ (1,529 ) Amortization of interest rate swaps to interest expense $ 462 $ 1,486 The Company estimates that $4.5 million will be reclassified from accumulated other comprehensive income as a decrease to interest expense over the next twelve months. 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 months ended March 31, 2017 and 2016. Non-Designated (Mark-to Market) Hedges of Interest Rate Risk The Company does not use derivatives for trading or speculative purposes. As of March 31, 2017 and December 31, 2016, the Company did not have any 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 certain of its indebtedness and the indebtedness has 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.

Debt Obligations

Debt Obligations	3 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Debt Obligations	Debt Obligations As of March 31, 2017 and December 31, 2016, the Company had the following indebtedness outstanding: Carrying Value as of March 31, 2017 December 31, 2016 Stated Interest Rates (6) Scheduled Maturity Date Secured loans Secured loans (1)(2) $ 1,306,331 $ 1,312,292 4.40% - 7.89% 2017 – 2024 Net unamortized premium 23,200 25,189 Net unamortized debt issuance cost (339 ) (387 ) Total secured loans, net $ 1,329,192 $ 1,337,094 Notes payable Unsecured notes (3) $ 2,718,453 $ 2,318,453 3.25% - 7.97% 2022 - 2029 Net unamortized discount (12,756 ) (9,097 ) Net unamortized debt issuance cost (20,275 ) (17,402 ) Total notes payable, net $ 2,685,422 $ 2,291,954 Unsecured Credit Facility and Term Loan Unsecured Credit Facility (4) $ 1,320,000 $ 1,622,000 2.14% - 2.16% 2018 – 2021 Unsecured Term Loan (5) 600,000 600,000 2.21% 2019 Net unamortized debt issuance cost (9,780 ) (12,159 ) Total Unsecured Credit Facility and Term Loan $ 1,910,220 $ 2,209,841 Total debt obligations, net $ 5,924,834 $ 5,838,889 (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 March 31, 2017 of approximately $ 2.1 billion . (2) The weighted average interest rate on the Company’s fixed rate secured loans was 6.22% as of March 31, 2017. (3) The weighted average interest rate on the Company’s unsecured notes was 3.84% as of March 31, 2017. (4) The Unsecured Credit Facility consists of a $1.25 billion revolving credit facility, a $610.0 million term loan and a $500.0 million term loan. The Company has in place four interest rate swap agreements that convert the variable interest rate on $800.0 million of the Unsecured Credit Facility to a fixed, combined interest rate of 1.00% plus a spread of 1.35% . (5) The Company has in place five interest rate swap agreements that convert the variable interest rate on the Term Loan to a fixed, combined interest rate of 0.86% plus a spread of 1.40% . (6) The stated interest rates do not include the impact of any interest rate swap agreements. 2017 Debt Transactions In March 2017, the Operating Partnership issued $400.0 million aggregate principal amount of 3.90% Senior Notes due 2027 (the “2027 Notes”), the proceeds of which were utilized to repay outstanding indebtedness, including borrowings under the Company's Unsecured Credit Facility, and for general corporate purposes. The 2027 Notes bear interest at a rate of 3.90% per annum, payable semi-annually on March 15 and September 15 of each year, commencing September 15, 2017. The 2027 Notes will mature on March 15, 2027. The 2027 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 2027 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 2027 Notes. If the 2027 Notes are redeemed on or after December 15, 2026 (three months prior to the maturity date), the redemption price will be equal to 100% of the principal amount of the 2027 Notes being redeemed plus accrued and unpaid interest thereon to, but not including, the redemption date. During the three months ended March 31, 2017, the Company repaid $390.0 million of a $1.0 billion unsecured term loan under the Company's Unsecured Credit Facility, resulting in a $1.3 million loss on extinguishment of debt. This repayment was funded primarily from proceeds from the issuance of the 2027 Notes. Pursuant to the terms of the Company’s unsecured debt agreements, the Company among other things is subject to maintenance of various financial covenants. The Company was in compliance with these covenants as of March 31, 2017. Debt Maturities As of March 31, 2017 and December 31, 2016, the Company had accrued interest of $ 22.9 million and $ 34.1 million outstanding, respectively. As of March 31, 2017, scheduled amortization and maturities of the Company’s outstanding debt obligations were as follows: Year ending December 31, 2017 (remaining nine months) $ 306,927 2018 629,476 2019 620,126 2020 (1) 976,577 2021 686,225 Thereafter 2,725,453 Total debt maturities 5,944,784 Net unamortized premiums and discounts 10,444 Net unamortized debt issuance costs (30,394 ) Total debt obligations, net $ 5,924,834 (1) Includes the maturity of the Company's $1.25 billion revolving credit facility which had a balance of $210.0 million as of March 31, 2017.

Fair Value Disclosures

Fair Value Disclosures	3 Months Ended
	Mar. 31, 2017
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: March 31, 2017 December 31, 2016 Carrying Amounts Fair Value Carrying Amounts Fair Value Secured loans $ 1,329,192 $ 1,401,854 $ 1,337,094 $ 1,410,698 Notes payable 2,685,422 2,708,687 2,291,954 2,302,048 Unsecured Credit Facility and Term Loan 1,910,220 1,921,457 2,209,841 2,223,807 Total debt obligations, net $ 5,924,834 $ 6,031,998 $ 5,838,889 $ 5,936,553 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 a discounted cash flow analysis, 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 and recognized 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 within level 1 or 2 of the fair value hierarchy. See Note 6 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 and recognized at fair value on a recurring basis: Fair Value Measurements as of March 31, 2017 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) $ 24,730 $ 1,326 $ 23,404 $ — Interest rate derivatives $ 24,224 $ — $ 24,224 $ — Fair Value Measurements as of December 31, 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) $ 25,573 $ 5,679 $ 19,894 $ — Interest rate derivatives $ 21,605 $ — $ 21,605 $ — (1) As of March 31, 2017 and December 31, 2016 marketable securities included less than $0.1 million of net unrealized losses. On a non-recurring basis, the Company evaluates the carrying value of its properties when events or changes in circumstances indicate that the carrying value may not be recoverable. Fair value is determined by purchase price offers, market comparable data, third party appraisals or by discounted cash flow analysis using the income approach. These cash flows are comprised of unobservable inputs which include forecasted rental revenue and expenses based upon market conditions and future expectations. Capitalization rates and discount rates utilized in these models are based upon unobservable rates that we believe to be within a reasonable range of current market rates for the respective properties. Based on these inputs, the Company has determined that the valuation of these properties is classified within Level 3 of the fair value hierarchy. The following table presents the placement in the fair value hierarchy of assets and liabilities that are measured at fair value on a non-recurring basis. The table includes information related to properties remeasured to fair value as a result of impairment testing: Fair Value Measurements as of March 31, 2017 Balance Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Properties (1)(2) $ 9,690 $ — $ — $ 9,690 Fair Value Measurements as of December 31, 2016 Balance Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Properties (3) $ 285 $ — $ — $ 285 (1) During the three months ended March 31, 2017, the Company recognized $5.7 million of impairment based upon a discounted cash flow analysis. The discounted cash flow analysis included all estimated cash inflows and outflows over a specified holding period. These cash flows were comprised of unobservable inputs which include forecasted revenues and expenses based upon market conditions and future expectations. The capitalization rates (ranging from 7.0% to 8.5% ) and discount rates (ranging from 7.9% to 9.5% ) which were utilized in the analysis were based upon unobservable rates that the Company believes to be within a reasonable range of current market rates for each respective investment. (2) The carrying value of properties remeasured to fair value during the three months ended March 31, 2017 include: (i) $7.8 million related to The Plaza at Salmon Run and (ii) $1.9 million related to Smith's. (3) The carrying value of properties remeasured to fair value during the year ended December 31, 2016 include: (i) $0.1 million related to a parcel at Country Hills Shopping Center and (ii) $0.2 million related to Milford Center.

Equity and Capital

Equity and Capital	3 Months Ended
	Mar. 31, 2017
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. No shares have been issued under the ATM and as result $400.0 million of common stock remained available for issuance under the ATM as of March 31, 2017. Common Stock In connection with the vesting of restricted stock units ("RSUs") under the Company's equity-based compensation plan, the Company withholds shares to satisfy statutory minimum tax withholding obligations. During the three months ended March 31, 2017 and 2016, the Company withheld 0.1 million shares and less than 0.1 million shares, respectively. Dividends and Distributions During the three months ended March 31, 2017 and 2016, the Company declared common stock dividends and OP unit distributions of $0.260 per share/unit and $0.245 per share/unit, respectively. As of March 31, 2017 and December 31, 2016, the Company had declared but unpaid common stock dividends and OP unit distributions of $80.5 million and $80.6 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 During the three months ended March 31, 2017, the Company exchanged 0.4 million shares of the Company's common stock for an equal number of outstanding OP Units held by certain members of the Parent Company's current and former management. As of March 31, 2017, the Parent Company beneficially owned, through its direct and indirect interest in BPG Sub and the General Partner, 100.0% of the outstanding OP Units.

Stock Based Compensation

Stock Based Compensation	3 Months Ended
	Mar. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Based Compensation	Stock Based Compensation 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 RSUs, OP Units, performance awards and other stock-based awards. During the three months ended March 31, 2017 and the year ended December 31, 2016, the Company granted RSUs to certain employees. The RSUs are divided into multiple tranches, with each tranche subject to separate performance-based, market-based 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 service-based vesting conditions. The aggregate number of RSUs granted, assuming that the target level of performance is achieved, was 0.5 million and 0.8 million for the three months ended March 31, 2017 and year ended December 31, 2016, respectively, with vesting periods ranging from one to five years. For the performance-based and service-based RSUs granted under the Plan, fair value is based on the Company grant date stock price. For the market-based RSUs granted during the three months ended March 31, 2017 and year ended December 31, 2016, the Company calculated the grant date fair values per unit using a Monte Carlo simulation based on the probability of satisfying the market performance hurdles over the remainder of the performance period, the Company’s historical common stock performance relative to the other companies within the FTSE NAREIT Equity Shopping Centers Index as well as the following significant assumptions: (i) volatility of 22.0% to 23.0% and 23.5% to 26.5% , respectively; (ii) a weighted average risk-free interest rate of 1.20% to 1.39% and 1.0% , respectively; and (iii) the Company’s weighted average common stock dividend yield of 4.0% and 3.8% , respectively. During the three months ended March 31, 2017, the Company recognized $2.1 million of equity compensation expense. During the three months ended March 31, 2016, the Company recognized ($1.6) million of equity compensation expense which includes the reversal of $2.6 million of previously recognized expense as a result of forfeitures associated with the separation of several Company executives. These amounts are included in General and administrative expense in the Company's unaudited Condensed Consolidated Statements of Operations. As of March 31, 2017, the Company had $19.3 million of total unrecognized compensation expense related to unvested stock compensation expected to be recognized over a weighted average period of approximately 2.4 years.

Earnings per Share

Earnings per Share	3 Months Ended
	Mar. 31, 2017
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 any 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. 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. Unvested RSUs 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. The following table provides a reconciliation of the numerator and denominator of the EPS calculations for the three months ended March 31, 2017 and 2016: Three Months Ended March 31, 2017 2016 Computation of Basic Earnings Per Share: Net income $ 71,655 $ 61,549 Income attributable to non-controlling interests (76 ) (1,072 ) Non-forfeitable dividends on unvested restricted shares (10 ) (15 ) Net income attributable to the Company’s common stockholders for basic earnings per share $ 71,569 $ 60,462 Weighted average number shares outstanding - basic 304,569 299,180 Basic Earnings Per Share Attributable to the Company’s Common Stockholders: Net income $ 0.23 $ 0.20 Computation of Diluted Earnings Per Share: Net income attributable to the Company’s common stockholders for diluted earnings per share $ 71,569 $ 60,462 Weighted average shares outstanding - basic 304,569 299,180 Effect of dilutive securities: Equity awards 226 199 Weighted average shares outstanding - diluted 304,795 299,379 Diluted Earnings Per Share Attributable to the Company’s Common Stockholders: Net income $ 0.23 $ 0.20

Earnings per Unit

Earnings per Unit	3 Months Ended
	Mar. 31, 2017
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 any 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. 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. Unvested RSUs 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. The following table provides a reconciliation of the numerator and denominator of the EPS calculations for the three months ended March 31, 2017 and 2016: Three Months Ended March 31, 2017 2016 Computation of Basic Earnings Per Share: Net income $ 71,655 $ 61,549 Income attributable to non-controlling interests (76 ) (1,072 ) Non-forfeitable dividends on unvested restricted shares (10 ) (15 ) Net income attributable to the Company’s common stockholders for basic earnings per share $ 71,569 $ 60,462 Weighted average number shares outstanding - basic 304,569 299,180 Basic Earnings Per Share Attributable to the Company’s Common Stockholders: Net income $ 0.23 $ 0.20 Computation of Diluted Earnings Per Share: Net income attributable to the Company’s common stockholders for diluted earnings per share $ 71,569 $ 60,462 Weighted average shares outstanding - basic 304,569 299,180 Effect of dilutive securities: Equity awards 226 199 Weighted average shares outstanding - diluted 304,795 299,379 Diluted Earnings Per Share Attributable to the Company’s Common Stockholders: Net income $ 0.23 $ 0.20
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 any 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. 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. Unvested RSUs 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. The following table provides a reconciliation of the numerator and denominator of the earnings per unit calculations for the three months ended March 31, 2017 and 2016: Three Months Ended March 31, 2017 2016 Computation of Basic Earnings Per Unit: Net income attributable to Brixmor Operating Partnership LP $ 71,655 $ 61,549 Non-forfeitable dividends on unvested restricted shares (10 ) (15 ) Net income attributable to the Operating Partnership’s common units for basic earnings per unit $ 71,645 $ 61,534 Weighted average number of common units outstanding - basic 304,888 304,483 Basic Earnings Per Unit Attributable to the Operating Partnership’s Common Units: Net Income $ 0.23 $ 0.20 Computation of Diluted Earnings Per Unit: Net income attributable to the Operating Partnership’s common units for diluted earnings per unit $ 71,645 $ 61,534 Weighted average common units outstanding - basic 304,888 304,483 Effect of dilutive securities: Equity awards 226 199 Weighted average common units outstanding - diluted 305,114 304,682 Diluted Earnings Per Unit Attributable to the Operating Partnership’s Common Units: Net Income $ 0.23 $ 0.20

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2017
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 Chief Accounting Officer and Treasurer, 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. A new Chief Accounting Officer was appointed effective March 8, 2017. 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. In addition, the Company was contacted by the United States Attorney's Office for the Southern District of New York which advised that it is investigating these matters as well 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. An amended complaint was filed on February 16, 2017. 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 that it operates and enters into office leases for administrative space. During both the three months ended March 31, 2017 and 2016, the Company recognized rent expense associated with these leases of $1.9 million . Minimum annual rental commitments associated with these leases during the next five years and thereafter are as follows: Year ending December 31, 2017 (remaining nine months) $ 5,540 2018 6,919 2019 6,755 2020 6,761 2021 6,942 Thereafter 77,972 Total minimum annual rental commitments $ 110,889 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	3 Months Ended
	Mar. 31, 2017
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 March 31, 2017 and December 31, 2016, there were no material receivables from or payables to related parties.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2017
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events In preparing the unaudited Condensed Consolidated Financial Statements, the Company has evaluated events and transactions occurring after March 31, 2017 for recognition or disclosure purposes. Based on this evaluation, there were no subsequent events from March 31, 2017 through the date the financial statements were issued.

Nature of Business and Financ25

Nature of Business and Financial Statement Presentation (Policies)	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Description of Business	Description of Business Brixmor Property Group Inc. and subsidiaries (collectively, the “Parent Company”) is an internally-managed real estate investment trust (“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, disposition and redevelopment 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 by gross leasable area ("GLA") in the United States, comprised primarily of community and neighborhood shopping centers. As of March 31, 2017, the Company's portfolio was comprised of 510 shopping centers totaling approximately 86 million square feet of gross leasable area (the “Portfolio”), including 509 wholly owned shopping centers and one shopping center held through an unconsolidated joint venture. In addition, the Company has one land parcel currently under development. The Company’s high quality national Portfolio is primarily located within established trade areas in the top 50 Metropolitan Statistical Areas, and our shopping centers are primarily anchored by non-discretionary and value-oriented retailers, as well as consumer-oriented service providers. The Company does not distinguish its principal business or group its operations on a geographical basis for purposes of measuring performance. Accordingly, the Company 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, 2016 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 13, 2017.
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 Parent Company and the Operating Partnership are presented as non-controlling interests as of and during the periods presented. All intercompany transactions have been eliminated.
Real Estate	Real Estate Real estate assets are recognized in the Company's Consolidated Balance Sheets at historical cost, less accumulated depreciation and amortization. Upon acquisition of real estate operating properties, management estimates the fair value of acquired tangible assets (consisting of land, buildings, and tenant improvements), identifiable intangible assets and liabilities (consisting of above and below-market leases, in-place leases and tenant relationships) and assumed debt based on an evaluation of available information. Based on these estimates, the estimated fair value is allocated to the acquired assets and assumed liabilities. Transaction costs incurred during the acquisition process are capitalized as a component of the asset’s value. The fair value of tangible assets is determined as if the acquired property is vacant. Fair value is determined using an exit price approach, which contemplates the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. If subsequent information regarding the fair value of the assets acquired and liabilities assumed is received and estimates are refined, the appropriate adjustments are made to the purchase price allocation on a prospective basis. In allocating the fair value to identifiable intangible assets and liabilities of an acquired operating property, the value of above-market and below-market leases is estimated based on the present value (using a discount rate reflecting the risks associated with leases acquired) of the difference between: (i) the contractual amounts to be paid pursuant to the leases negotiated and in-place at the time of acquisition and (ii) management’s estimate of fair market lease rates for the property or an equivalent property, measured over a period equal to the remaining non-cancelable term of the lease, which includes renewal periods with fixed rental terms that are considered to be below-market. The capitalized above-market or below-market intangible is amortized as a reduction of, or increase to, rental income over the remaining non-cancelable term of each lease. In determining the value of in-place leases and tenant relationships, management evaluates the specific characteristics of each lease and the Company’s overall relationship with each tenant. Factors considered include, but are not limited to: the nature of the existing relationship with a tenant, the credit risk associated with a tenant, expectations surrounding lease renewals, estimated carrying costs of a property during a hypothetical expected lease-up period, current market conditions and costs to execute similar leases. Management also considers information obtained about a property in connection with its pre-acquisition due diligence. Estimated carrying costs include: property operating costs, insurance, real estate taxes and estimates of lost rentals at market rates. Costs to execute similar leases include leasing commissions and legal costs to the extent that such costs are not already incurred with a new lease that has been negotiated in connection with the purchase of a property. The values assigned to in-place leases and tenant relationships are amortized to Depreciation and amortization expense over the remaining term of each lease. Certain real estate assets are depreciated using the straight-line method over the estimated useful lives of the assets. The estimated useful lives are as follows: Building and building and land improvements 20 - 40 years Furniture, fixtures, and equipment 5 - 10 years Tenant improvements The shorter of the term of the related lease or useful life Costs to fund major replacements and betterments, which extend the life of the asset, are capitalized and depreciated over their respective useful lives, while costs for ordinary repairs and maintenance activities are expensed as incurred. When a real estate asset is identified by management as held-for-sale, the Company discontinues depreciating the asset and estimates its sales price, net of estimated selling costs. If the estimated net sales price of an asset is less than its net carrying value, a loss is recognized to reflect the estimated fair value. Properties classified as real estate held-for-sale generally represent properties that are under contract for sale and are expected to close within 12 months. On a periodic basis, management assesses whether there are indicators, including property operating performance, changes in anticipated holding period and general market conditions, that the value of the Company’s real estate assets (including any related intangible assets or liabilities) may be impaired. If an indicator is identified, a real estate asset is considered impaired only if management’s estimate of current and projected operating cash flows (undiscounted and unleveraged), taking into account the anticipated and probability weighted holding period, are less than a real estate asset’s carrying value. Various factors are considered in the estimation process, including trends and prospects and the effects of demand, competition, and other economic factors. Changes in any estimates and/or assumptions, including the anticipated holding period, could have a material impact on the projected operating cash flows. If management determines that the carrying value of a real estate asset is impaired, a loss is recognized for the excess of its carrying amount over its fair value. In situations in which a lease or leases associated with a significant tenant have been, or are expected to be, terminated early, the Company evaluates the remaining useful lives of depreciable or amortizable assets in the asset group related to the lease that will be terminated (i.e., tenant improvements, above and below market lease intangibles, in-place lease value and leasing commissions). Based upon consideration of the facts and circumstances surrounding the termination, the Company may write-off or accelerate the depreciation and amortization associated with the asset group.
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 REIT taxable income, determined without regard to the deduction for dividends paid and excluding net capital gains, 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 United States 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. 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. On April 3, 2017, BPG Sub’s status as a REIT terminated when BPG Sub became a disregarded subsidiary of the Parent Company for United States federal income tax purposes. The Parent Company and BPG Sub have taxable REIT subsidiaries, and the Parent Company 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 Operating Partnership is organized as a limited partnership and is generally not subject to federal income tax. Accordingly, no provision for federal income taxes has been reflected in the accompanying unaudited Condensed Consolidated Financial Statements. The Operating Partnership, however, may be subject to certain state and local income taxes or franchise taxes. The Company has analyzed the tax position taken on income tax returns for the open 2013 through 2016 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 March 31, 2017 and December 31, 2016.
New Accounting Pronouncements	New Accounting Pronouncements In January 2017, the FASB issued Accounting Standards Update ("ASU") 2017-01, "Business Combinations (Topic 805)." ASU 2017-01 clarifies the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The new guidance will result in many real estate transactions being classified as an asset acquisition and transaction costs being capitalized. The standard is effective on January 1, 2018, with early adoption permitted. ASU 2017-01 was early adopted by the Company on January 1, 2017. As a result of adopting ASU 2017-01 the Company has begun capitalizing transaction costs associated with the acquisition of real estate assets. During the three months ended March 31, 2017, the Company capitalized $0.3 million of transaction costs. The Company evaluated ASU 2017-01 and determined it would not have a material impact on the unaudited Condensed Consolidated Financial Statements of the Company. In November 2016, the FASB issued ASU 2016-18, "Statement of Cash Flows (Topic 230)." ASU 2016-18 requires that the statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The standard is effective on January 1, 2018, with early adoption permitted. ASU 2016-18 was early adopted by the Company on January 1, 2017. As a result of adopting ASU 2016-18 the Company now presents the unaudited Condensed Consolidated Statement of Cash Flows inclusive of restricted cash balances and also provides a reconciliation to the cash and cash equivalents and restricted cash amounts presented on the unaudited Condensed Consolidated Balance Sheets. The Company evaluated ASU 2016-18 and determined it would not have a material impact on the unaudited Condensed Consolidated Financial Statements of the Company. In August 2016, the FASB issued ASU 2016-15, "Statement of Cash Flows (Topic 230)." ASU 2016-15 provides classification guidance for certain cash receipts and cash payments including payment of debt extinguishment costs, settlement of zero-coupon debt instruments, insurance claim payments and distributions from equity method investees. The standard is effective on January 1, 2018, with early adoption permitted. The Company does not expect the adoption of ASU 2016-15 to have a material impact on its unaudited Condensed Consolidated Financial Statements of the Company. In March 2016, the FASB issued ASU 2016-09, "Compensation - Stock Compensation (Topic 718)." ASU 2016-09 sets out amendments 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 new standard became effective for the Company on January 1, 2017. As a result of adopting ASU 2016-09 the Company has elected to account for share-based award forfeitures on an actual basis as opposed to the use of an estimated forfeiture rate. The Company evaluated ASU 2016-09 and determined it would not have a material impact 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 recognize 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 its unaudited Condensed Consolidated Financial Statements of the Company. In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers.” ASU 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 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 non-financial 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 2014-09, as amended by ASU 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 2014-09 will have on its 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.

Nature of Business and Financ26

Nature of Business and Financial Statement Presentation (Tables)	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Schedule of estimated useful lives	Certain real estate assets are depreciated using the straight-line method over the estimated useful lives of the assets. The estimated useful lives are as follows: Building and building and land improvements 20 - 40 years Furniture, fixtures, and equipment 5 - 10 years Tenant improvements The shorter of the term of the related lease or useful life

Acquisition of Real Estate (Tab

Acquisition of Real Estate (Tables)	3 Months Ended
	Mar. 31, 2017
Real Estate [Abstract]
Schedule of Business Acquisitions, by Acquisition	During the three months ended March 31, 2017, the Company acquired the following for an aggregate purchase price, including transaction costs, of (dollars in thousands): Aggregate Purchase Price Description Location Month Acquired GLA Cash Debt Assumed Total Outparcel building adjacent to Annex of Arlington Arlington Heights, IL Feb-17 5,760 $ 1,006 $ — $ 1,006 Outparcel adjacent to Northeast Plaza Atlanta, GA Feb-17 N/A 1,537 — 1,537 Arborland Center Ann Arbor, MI Mar-17 403,536 102,268 — 102,268 409,296 $ 104,811 $ — $ 104,811
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The aggregate purchase price of the properties acquired during the three months ended March 31, 2017, has been allocated as follows: Three Months Ended March 31, 2017 Assets Land $ 16,130 Buildings 72,543 Building and tenant improvements 8,352 Above market rents 2,381 In-place leases 8,259 Total assets 107,665 Liabilities Accounts payable, accrued expenses and other liabilities (Below Market Leases) 2,854 Total liabilities 2,854 Net Assets Acquired $ 104,811

Real Estate (Tables)

Real Estate (Tables)	3 Months Ended
	Mar. 31, 2017
Real Estate [Abstract]
Schedule of real estate properties	The Company’s components of Real estate, net consisted of the following: March 31, 2017 December 31, 2016 Land $ 2,015,450 $ 2,006,655 Buildings and improvements: Buildings and tenant improvements 8,246,023 8,165,672 Lease intangibles (1) 834,804 836,731 11,096,277 11,009,058 Accumulated depreciation and amortization (2) (2,226,018 ) (2,167,054 ) Total $ 8,870,259 $ 8,842,004 (1) At March 31, 2017 and December 31, 2016, Lease intangibles consisted of $ 754.9 million and $ 758.0 million , respectively, of in-place leases and $ 79.9 million and $ 78.7 million , respectively, of above-market leases. These intangible assets are amortized over the term of each related lease. (2) At March 31, 2017 and December 31, 2016, Accumulated depreciation and amortization included $ 632.4 million and $ 632.8 million , respectively, of accumulated amortization related to Lease intangibles.
Schedule of expected net amortization expense associated with intangible assets and liabilities	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 and in-place leases for the next five years are as follows: Year ending December 31, Above- and below-market lease accretion (income), net In-place lease amortization expense 2017 (remaining nine months) $ (20,907 ) $ 31,715 2018 (25,538 ) 34,451 2019 (21,488 ) 27,237 2020 (17,515 ) 20,280 2021 (14,508 ) 14,692

Impairments (Tables)

Impairments (Tables)	3 Months Ended
	Mar. 31, 2017
Impairment of Real Estate [Abstract]
Schedule of Impairments	The Company recognized the following impairments during the three months ended March 31, 2017: Three Months Ended March 31, 2017 Property Name Location Quarter Impaired GLA Impairment Charge The Plaza at Salmon Run (1) Watertown, NY Q1 2017 68,761 $ 3,486 Smith's (1) Socorro, NM Q1 2017 48,000 2,200 116,761 $ 5,686 (1) The Company recognized impairment charges based upon a change in estimated holding periods for the properties.

Financial Instruments - Deriv30

Financial Instruments - Derivatives and Hedging (Tables)	3 Months Ended
	Mar. 31, 2017
Derivative [Line Items]
Schedule of derivative instruments in Statement of Financial Position, fair value	Detail on the Company’s fair value of interest rate derivatives on a gross and net basis as of March 31, 2017 and December 31, 2016, respectively, is as follows: Fair Value of Derivative Instruments Interest rate swaps classified as: March 31, 2017 December 31, 2016 Gross derivative assets $ 24,224 $ 21,605 Gross derivative liabilities — — Net derivative assets $ 24,224 $ 21,605
Schedule of cash flow hedges included in AOCI	The effective portion of the Company's interest rate swaps that was recognized in the Company’s unaudited Condensed Consolidated Statement of Comprehensive Income for the three months ended March 31, 2017 and 2016 is as follows: Derivatives in Cash Flow Hedging Relationships (Interest Rate Swaps) Three Months Ended March 31, 2017 2016 Unrealized gain (loss) on interest rate swaps $ 2,157 $ (1,529 ) Amortization of interest rate swaps to interest expense $ 462 $ 1,486
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member]
Derivative [Line Items]
Schedule of interest rate derivatives	Detail of the Company’s interest rate derivatives designated as cash flow hedges outstanding as of March 31, 2017 and December 31, 2016 is as follows: Number of Instruments Notional Amount March 31, 2017 December 31, 2016 March 31, 2017 December 31, 2016 Interest Rate Swaps 9 9 $ 1,400,000 $ 1,400,000

Debt Obligations (Tables)

Debt Obligations (Tables)	3 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Debt obligations under various arrangements with financial institutions	As of March 31, 2017 and December 31, 2016, the Company had the following indebtedness outstanding: Carrying Value as of March 31, 2017 December 31, 2016 Stated Interest Rates (6) Scheduled Maturity Date Secured loans Secured loans (1)(2) $ 1,306,331 $ 1,312,292 4.40% - 7.89% 2017 – 2024 Net unamortized premium 23,200 25,189 Net unamortized debt issuance cost (339 ) (387 ) Total secured loans, net $ 1,329,192 $ 1,337,094 Notes payable Unsecured notes (3) $ 2,718,453 $ 2,318,453 3.25% - 7.97% 2022 - 2029 Net unamortized discount (12,756 ) (9,097 ) Net unamortized debt issuance cost (20,275 ) (17,402 ) Total notes payable, net $ 2,685,422 $ 2,291,954 Unsecured Credit Facility and Term Loan Unsecured Credit Facility (4) $ 1,320,000 $ 1,622,000 2.14% - 2.16% 2018 – 2021 Unsecured Term Loan (5) 600,000 600,000 2.21% 2019 Net unamortized debt issuance cost (9,780 ) (12,159 ) Total Unsecured Credit Facility and Term Loan $ 1,910,220 $ 2,209,841 Total debt obligations, net $ 5,924,834 $ 5,838,889 (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 March 31, 2017 of approximately $ 2.1 billion . (2) The weighted average interest rate on the Company’s fixed rate secured loans was 6.22% as of March 31, 2017. (3) The weighted average interest rate on the Company’s unsecured notes was 3.84% as of March 31, 2017. (4) The Unsecured Credit Facility consists of a $1.25 billion revolving credit facility, a $610.0 million term loan and a $500.0 million term loan. The Company has in place four interest rate swap agreements that convert the variable interest rate on $800.0 million of the Unsecured Credit Facility to a fixed, combined interest rate of 1.00% plus a spread of 1.35% . (5) The Company has in place five interest rate swap agreements that convert the variable interest rate on the Term Loan to a fixed, combined interest rate of 0.86% plus a spread of 1.40% . (6) The stated interest rates do not include the impact of any interest rate swap agreements.
Future expected/scheduled maturities of outstanding debt and capital lease obligations	As of March 31, 2017 and December 31, 2016, the Company had accrued interest of $ 22.9 million and $ 34.1 million outstanding, respectively. As of March 31, 2017, scheduled amortization and maturities of the Company’s outstanding debt obligations were as follows: Year ending December 31, 2017 (remaining nine months) $ 306,927 2018 629,476 2019 620,126 2020 (1) 976,577 2021 686,225 Thereafter 2,725,453 Total debt maturities 5,944,784 Net unamortized premiums and discounts 10,444 Net unamortized debt issuance costs (30,394 ) Total debt obligations, net $ 5,924,834

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	3 Months Ended
	Mar. 31, 2017
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: March 31, 2017 December 31, 2016 Carrying Amounts Fair Value Carrying Amounts Fair Value Secured loans $ 1,329,192 $ 1,401,854 $ 1,337,094 $ 1,410,698 Notes payable 2,685,422 2,708,687 2,291,954 2,302,048 Unsecured Credit Facility and Term Loan 1,910,220 1,921,457 2,209,841 2,223,807 Total debt obligations, net $ 5,924,834 $ 6,031,998 $ 5,838,889 $ 5,936,553
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 and recognized at fair value on a recurring basis: Fair Value Measurements as of March 31, 2017 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) $ 24,730 $ 1,326 $ 23,404 $ — Interest rate derivatives $ 24,224 $ — $ 24,224 $ — Fair Value Measurements as of December 31, 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) $ 25,573 $ 5,679 $ 19,894 $ — Interest rate derivatives $ 21,605 $ — $ 21,605 $ — (1) As of March 31, 2017 and December 31, 2016 marketable securities included less than $0.1 million of net unrealized losses.
Schedule of Fair Value Measurements, Nonrecurring	The following table presents the placement in the fair value hierarchy of assets and liabilities that are measured at fair value on a non-recurring basis. The table includes information related to properties remeasured to fair value as a result of impairment testing: Fair Value Measurements as of March 31, 2017 Balance Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Properties (1)(2) $ 9,690 $ — $ — $ 9,690 Fair Value Measurements as of December 31, 2016 Balance Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Properties (3) $ 285 $ — $ — $ 285 (1) During the three months ended March 31, 2017, the Company recognized $5.7 million of impairment based upon a discounted cash flow analysis. The discounted cash flow analysis included all estimated cash inflows and outflows over a specified holding period. These cash flows were comprised of unobservable inputs which include forecasted revenues and expenses based upon market conditions and future expectations. The capitalization rates (ranging from 7.0% to 8.5% ) and discount rates (ranging from 7.9% to 9.5% ) which were utilized in the analysis were based upon unobservable rates that the Company believes to be within a reasonable range of current market rates for each respective investment. (2) The carrying value of properties remeasured to fair value during the three months ended March 31, 2017 include: (i) $7.8 million related to The Plaza at Salmon Run and (ii) $1.9 million related to Smith's. (3) The carrying value of properties remeasured to fair value during the year ended December 31, 2016 include: (i) $0.1 million related to a parcel at Country Hills Shopping Center and (ii) $0.2 million related to Milford Center.

Earnings per Share (Tables)

Earnings per Share (Tables)	3 Months Ended
	Mar. 31, 2017
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 months ended March 31, 2017 and 2016: Three Months Ended March 31, 2017 2016 Computation of Basic Earnings Per Share: Net income $ 71,655 $ 61,549 Income attributable to non-controlling interests (76 ) (1,072 ) Non-forfeitable dividends on unvested restricted shares (10 ) (15 ) Net income attributable to the Company’s common stockholders for basic earnings per share $ 71,569 $ 60,462 Weighted average number shares outstanding - basic 304,569 299,180 Basic Earnings Per Share Attributable to the Company’s Common Stockholders: Net income $ 0.23 $ 0.20 Computation of Diluted Earnings Per Share: Net income attributable to the Company’s common stockholders for diluted earnings per share $ 71,569 $ 60,462 Weighted average shares outstanding - basic 304,569 299,180 Effect of dilutive securities: Equity awards 226 199 Weighted average shares outstanding - diluted 304,795 299,379 Diluted Earnings Per Share Attributable to the Company’s Common Stockholders: Net income $ 0.23 $ 0.20

Earnings per Unit (Tables)

Earnings per Unit (Tables)	3 Months Ended
	Mar. 31, 2017
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 months ended March 31, 2017 and 2016: Three Months Ended March 31, 2017 2016 Computation of Basic Earnings Per Share: Net income $ 71,655 $ 61,549 Income attributable to non-controlling interests (76 ) (1,072 ) Non-forfeitable dividends on unvested restricted shares (10 ) (15 ) Net income attributable to the Company’s common stockholders for basic earnings per share $ 71,569 $ 60,462 Weighted average number shares outstanding - basic 304,569 299,180 Basic Earnings Per Share Attributable to the Company’s Common Stockholders: Net income $ 0.23 $ 0.20 Computation of Diluted Earnings Per Share: Net income attributable to the Company’s common stockholders for diluted earnings per share $ 71,569 $ 60,462 Weighted average shares outstanding - basic 304,569 299,180 Effect of dilutive securities: Equity awards 226 199 Weighted average shares outstanding - diluted 304,795 299,379 Diluted Earnings Per Share Attributable to the Company’s Common Stockholders: Net income $ 0.23 $ 0.20
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 months ended March 31, 2017 and 2016: Three Months Ended March 31, 2017 2016 Computation of Basic Earnings Per Unit: Net income attributable to Brixmor Operating Partnership LP $ 71,655 $ 61,549 Non-forfeitable dividends on unvested restricted shares (10 ) (15 ) Net income attributable to the Operating Partnership’s common units for basic earnings per unit $ 71,645 $ 61,534 Weighted average number of common units outstanding - basic 304,888 304,483 Basic Earnings Per Unit Attributable to the Operating Partnership’s Common Units: Net Income $ 0.23 $ 0.20 Computation of Diluted Earnings Per Unit: Net income attributable to the Operating Partnership’s common units for diluted earnings per unit $ 71,645 $ 61,534 Weighted average common units outstanding - basic 304,888 304,483 Effect of dilutive securities: Equity awards 226 199 Weighted average common units outstanding - diluted 305,114 304,682 Diluted Earnings Per Unit Attributable to the Operating Partnership’s Common Units: Net Income $ 0.23 $ 0.20

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2017
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, 2017 (remaining nine months) $ 5,540 2018 6,919 2019 6,755 2020 6,761 2021 6,942 Thereafter 77,972 Total minimum annual rental commitments $ 110,889

Nature of Business and Financ36

Nature of Business and Financial Statement Presentation (Details) $ in Millions	3 Months Ended
	Mar. 31, 2017USD ($)ft²	Dec. 31, 2016ft²Property
Nture of Oerations and Financial Statements Presentation [Line Items]
Gross leasable area | ft²	409,296
Transaction costs capitalized | $	$ 0.3
Shopping Center [Member]
Nture of Oerations and Financial Statements Presentation [Line Items]
Number of real estate properties		510
Gross leasable area | ft²		86,000,000
Number of real estate properties held through an unconsolidated joint venture		1
Shopping Center [Member] | A 100% Owned [Member]
Nture of Oerations and Financial Statements Presentation [Line Items]
Number of real estate properties		509
Land Parcel [Member]
Nture of Oerations and Financial Statements Presentation [Line Items]
Number of real estate properties held through an unconsolidated joint venture		1
Parent Company [Member] | BPG Sub [Member]
Nture of Oerations and Financial Statements Presentation [Line Items]
Ownership percentage	100.00%

Nature of Business and Financ37

Nature of Business and Financial Statement Presentation (Useful Lives) (Details)	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Building and Building and Land Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Useful life	20 years
Building and Building and Land Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Useful life	40 years
Furniture, Fixtures, and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Useful life	5 years
Furniture, Fixtures, and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Useful life	10 years
Tenant Improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives		The shorter of the term of the related lease or useful life

Acquisition of Real Estate (Pro

Acquisition of Real Estate (Properties Acquired) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)ft²
Business Acquisition [Line Items]
GLA | ft²	409,296
Aggregate Purchase Price, Cash	$ 104,811
Aggregate Purchase Price, Debt Assumed	0
Aggregate Purchase Price, Total	$ 104,811
Outparcel adjacent to Annex of Arlington, Arlington Height, IL [Member]
Business Acquisition [Line Items]
GLA | ft²	5,760
Aggregate Purchase Price, Cash	$ 1,006
Aggregate Purchase Price, Debt Assumed	0
Aggregate Purchase Price, Total	1,006
Outparcel adjacent to Northeast Plaza, Atlanta, GA [Member]
Business Acquisition [Line Items]
Aggregate Purchase Price, Cash	1,537
Aggregate Purchase Price, Debt Assumed	0
Aggregate Purchase Price, Total	$ 1,537
Arborland Center, Ann Arbor, MI [Member]
Business Acquisition [Line Items]
GLA | ft²	403,536
Aggregate Purchase Price, Cash	$ 102,268
Aggregate Purchase Price, Debt Assumed	0
Aggregate Purchase Price, Total	$ 102,268

Acquisition of Real Estate (Pur

Acquisition of Real Estate (Purchase Price) (Details) - Acquired Properties [Member] $ in Thousands	Mar. 31, 2017USD ($)
Assets
Land	$ 16,130
Buildings	72,543
Building Improvements	8,352
Above Market Rents	2,381
In-place leases	8,259
Total assets	107,665
Liabilities
Accounts payable, accrued expenses and other liabilities (Below Market Leases)	2,854
Total liabilities	2,854
Net Assets Acquired	$ 104,811

Acquisition of Real Estate (Nar

Acquisition of Real Estate (Narrative) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)	Mar. 31, 2016USD ($)land_parcel
Real Estate Properties [Line Items]
Net purchase price | $	$ 104,811
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
Net purchase price | $		$ 1,200

Dispositions and Assets Held 41

Dispositions and Assets Held for Sale (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)shopping_center	Mar. 31, 2016USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on disposition of operating properties	$ 8,805	$ 0
Discontinued Operations, Disposed of by Sale [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of shopping centers sold | shopping_center	3
Proceeds from sale	$ 34,100
Gain on disposition of operating properties	$ 8,800

Real Estate (Details)

Real Estate (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Real Estate Owned, Disclosure of Detailed Components [Abstract]
Land	$ 2,015,450		$ 2,006,655
Buildings and tenant improvements	8,246,023		8,165,672
Other rental property	834,804		836,731
Real estate, gross	11,096,277		11,009,058
Accumulated depreciation and amortization	(2,226,018)		(2,167,054)
Real estate, net	8,870,259		8,842,004
Accumulated amortization	632,400		632,800
Intangible liabilities relating to below-market leases	485,000		485,200
Accumulated amortization on below-market leases	268,200		261,700
Above- and below-market lease intangible amortization	(7,796)	$ (11,018)
Amortization of Intangible Assets	12,100	$ 18,100
Leases, Acquired-in-Place [Member]
Real Estate Owned, Disclosure of Detailed Components [Abstract]
In-place lease value	754,900		758,000
Above Market Leases [Member]
Real Estate Owned, Disclosure of Detailed Components [Abstract]
Above market leases	79,900		$ 78,700
Above- and Below-Market Lease Accretion, Net [Member]
Above- and below-market lease accretion (income), net
2017 (remaining nine months)	(20,907)
2,018	(25,538)
2,019	(21,488)
2,020	(17,515)
2,021	(14,508)
In-place Leases Amortization Expense [Member]
In-place lease amortization expense
2017 (remaining nine months)	31,715
2,018	34,451
2,019	27,237
2,020	20,280
2,021	$ 14,692

Impairments (Details)

Impairments (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)ft²	Mar. 31, 2016USD ($)
Real Estate Properties [Line Items]
GLA | ft²	116,761
Impairment charge | $	$ 5,686	$ 0
The Plaza at Salmon Run, Watertown, NY [Member]
Real Estate Properties [Line Items]
GLA | ft²	68,761
Impairment charge | $	$ 3,486
Smith's, Socorro, NM [Member]
Real Estate Properties [Line Items]
GLA | ft²	48,000
Impairment charge | $	$ 2,200

Financial Instruments - Deriv44

Financial Instruments - Derivatives and Hedging (Narrative) (Details)	3 Months Ended
	Mar. 31, 2017USD ($)derivative_instrument	Dec. 31, 2016USD ($)derivative_instrument	Jul. 31, 2016USD ($)	Jun. 30, 2016USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Amount expected to be reclassified from accumulated other comprehensive loss in the next twelve months	$ 4,500,000
Four Point One Two Five Percent Senior Notes due 2026 [Member]
Derivative [Line Items]
Term loan face amount				$ 600,000,000
Brixmor Operating Partnership LP [Member] | Unsecured Debt [Member] | Revolving Credit Facility [Member] | Revolving Credit and Term Loan Agreement [Member]
Derivative [Line Items]
Term loan face amount			$ 2,750,000,000
Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Number of instruments | derivative_instrument	9	9
Notional amount	$ 1,400,000,000	$ 1,400,000,000

Financial Instruments - Deriv45

Financial Instruments - Derivatives and Hedging (Cash Flow Hedges Outstanding) (Details) - Interest Rate Swap [Member] - Designated as Hedging Instrument [Member]	Mar. 31, 2017USD ($)derivative_instrument	Dec. 31, 2016USD ($)derivative_instrument
Derivative [Line Items]
Number of Instruments | derivative_instrument	9	9
Notional Amount | $	$ 1,400,000,000	$ 1,400,000,000

Financial Instruments - Deriv46

Financial Instruments - Derivatives and Hedging (Fair Value of Interest Rates) (Details) - Interest Rate Swap [Member] - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Derivatives, Fair Value [Line Items]
Gross derivative assets	$ 24,224	$ 21,605
Gross derivative liabilities	0	0
Net derivative assets	$ 24,224	$ 21,605

Financial Instruments - Deriv47

Financial Instruments - Derivatives and Hedging (Infective Portion) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Unrealized gain (loss) on interest rate swaps	$ 2,157	$ (1,529)
Amortization of interest rate swaps to interest expense	$ 462	$ 1,486

Debt Obligations (Schedule of D

Debt Obligations (Schedule of Debt) (Details)	3 Months Ended	12 Months Ended
	Mar. 31, 2017USD ($)derivative_instrument	Dec. 31, 2015	Dec. 31, 2016USD ($)derivative_instrument	Jul. 31, 2016USD ($)
Debt obligations under various arrangements with financial institutions
Long-term debt	$ 5,944,784,000
Net unamortized premium	10,444,000
Net unamortized debt issuance cost	(30,394,000)
Total debt obligations	5,924,834,000		$ 5,838,889,000
Collateral carrying value	$ 2,100,000,000
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]
Debt obligations under various arrangements with financial institutions
Number of instruments | derivative_instrument	9		9
Term Loan [Member]
Debt obligations under various arrangements with financial institutions
Effective percentage	1.00%		0.86%
Stated spread rate	1.35%	1.40%
Term Loan [Member] | Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]
Debt obligations under various arrangements with financial institutions
Number of instruments | derivative_instrument	4		5
Secured Debt [Member]
Debt obligations under various arrangements with financial institutions
Long-term debt	$ 1,306,331,000		$ 1,312,292,000
Net unamortized premium	23,200,000		25,189,000
Net unamortized debt issuance cost	(339,000)		(387,000)
Long-term Debt	$ 1,329,192,000		1,337,094,000
Weighted average fixed interest rate	6.22%
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	7.89%
Unsecured Debt [Member]
Debt obligations under various arrangements with financial institutions
Long-term debt	$ 2,718,453,000		2,318,453,000
Net unamortized debt issuance cost	(20,275,000)		(17,402,000)
Net unamortized discount	(12,756,000)		(9,097,000)
Long-term Debt	$ 2,685,422,000		2,291,954,000
Weighted average fixed interest rate	3.84%
Unsecured Debt [Member] | Minimum [Member]
Debt obligations under various arrangements with financial institutions
Stated percentage	3.25%
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	$ 1,320,000,000		1,622,000,000
Unsecured Debt [Member] | Unsecured Credit Facility [Member] | Minimum [Member]
Debt obligations under various arrangements with financial institutions
Stated percentage	2.14%
Unsecured Debt [Member] | Unsecured Credit Facility [Member] | Maximum [Member]
Debt obligations under various arrangements with financial institutions
Stated percentage	2.16%
Unsecured Debt [Member] | Term Loan [Member]
Debt obligations under various arrangements with financial institutions
Long-term debt	$ 600,000,000		600,000,000
Stated percentage	2.21%
Term loan face amount	$ 800,000,000			$ 1,000,000,000
Unsecured Debt [Member] | Term Loan [Member] | Term Loan, Expires 07/31/2018 [Member]
Debt obligations under various arrangements with financial institutions
Term loan face amount	610,000,000
Unsecured Debt [Member] | Term Loan [Member] | Term Loan, Expires 07/31/2021 [Member]
Debt obligations under various arrangements with financial institutions
Term loan face amount	500,000,000
Unsecured Debt [Member] | Unsecured Credit Facility and Term Loan [Member]
Debt obligations under various arrangements with financial institutions
Net unamortized debt issuance cost	(9,780,000)		(12,159,000)
Long-term Debt	1,910,220,000		$ 2,209,841,000
Unsecured Debt [Member] | Revolving Credit Facility [Member]
Debt obligations under various arrangements with financial institutions
Credit facility maximum borrowing capacity	$ 1,250,000,000

Debt Obligations (2017 Debt Tra

Debt Obligations (2017 Debt Transactions) (Details) - USD ($)	1 Months Ended	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Jul. 31, 2016
Debt Instrument [Line Items]
Loss on extinguishment of debt, net		$ 1,262,000	$ 0
Accrued interest	$ 22,900,000	22,900,000		$ 34,100,000
Unsecured Debt [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity	1,250,000,000	1,250,000,000
Unsecured Debt [Member] | Term Loan [Member]
Debt Instrument [Line Items]
Term loan face amount	$ 800,000,000	$ 800,000,000			$ 1,000,000,000
Stated percentage	2.21%	2.21%
Debt repaid		$ 390,000,000
Loss on extinguishment of debt, net		1,300,000
3.90% Senior Notes due 2027 [Member]
Debt Instrument [Line Items]
Term loan face amount	$ 400,000,000	$ 400,000,000
Stated percentage	3.90%	3.90%
Redemption price, percentage of principal amount	100.00%

Debt Obligations (Debt Maturiti

Debt Obligations (Debt Maturities) (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Future expected/scheduled maturities of outstanding debt and capital lease
2017 (remaining nine months)	$ 306,927
2,018	629,476
2,019	620,126
2,020	976,577
2,021	686,225
Thereafter	2,725,453
Total debt maturities	5,944,784
Net unamortized premiums and discounts	10,444
Net unamortized debt issuance costs	(30,394)
Total debt obligations, net	5,924,834	$ 5,838,889
Unsecured Debt [Member]
Future expected/scheduled maturities of outstanding debt and capital lease
Total debt maturities	2,718,453	2,318,453
Net unamortized debt issuance costs	(20,275)	$ (17,402)
Revolving Credit Facility [Member] | Unsecured Debt [Member]
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity	1,250,000
Unused borrowing capacity	$ 210,000

Fair Value Disclosures (Debt Ob

Fair Value Disclosures (Debt Obligations) (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Estimated fair value of the Company's debt obligations compared to their carrying amounts
Secured loans, Carrying Amounts	$ 5,924,834	$ 5,838,889
Total debt obligations, net	5,924,834	5,838,889
Carrying Amounts [Member]
Estimated fair value of the Company's debt obligations compared to their carrying amounts
Secured loans, Carrying Amounts	1,329,192	1,337,094
Notes payable, Carrying Amounts	2,685,422	2,291,954
Unsecured Credit Facility and Term Loan, Carrying Amounts	1,910,220	2,209,841
Total debt obligations, net	5,924,834	5,838,889
Fair Value [Member]
Estimated fair value of the Company's debt obligations compared to their carrying amounts
Secured loans, Fair Value	1,401,854	1,410,698
Notes payable, Fair Value	2,708,687	2,302,048
Unsecured Credit Facility and Term Loan, Fair Value	1,921,457	2,223,807
Total debt obligations, net, Fair Value	$ 6,031,998	$ 5,936,553

Fair Value Disclosures (Measure

Fair Value Disclosures (Measurements) (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment of real estate assets	$ 5,686	$ 0
The Plaza at Salmon Run, Watertown, NY [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real Estate Investment, Fair Value	7,800
Smith's, Socorro, NM [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real Estate Investment, Fair Value	1,900
Country Hills Shopping Center, Torrance, CA [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real Estate Investment, Fair Value			$ 100
Milford Center, Milford, CT [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real Estate Investment, Fair Value			200
Third Party Buyer [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment of real estate assets	$ 5,700
Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Inputs, Terminal Capitalization Rate	7.00%
Fair Value Inputs, Discount Rate	7.90%
Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities, unrealized losses	$ 100		100
Fair Value Inputs, Terminal Capitalization Rate	8.50%
Fair Value Inputs, Discount Rate	9.50%
Fair Value, Measurements, Recurring [Member] | Marketable Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	$ 24,730		25,573
Fair Value, Measurements, Recurring [Member] | Interest Rate Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	24,224		21,605
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	1,326		5,679
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	23,404		19,894
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	24,224		21,605
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
Fair Value, Measurements, Nonrecurring [Member] | Properties [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	9,690		285
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Properties [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	0		0
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Properties [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	0		0
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Properties [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	$ 9,690		$ 285

Equity and Capital (Details)

Equity and Capital (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Noncontrolling Interest [Line Items]
Common stock authorized for sale under the ATM	$ 400
Common stock remained available for issuance under the ATM	$ 400
Dividends, per common share	$ 0.26	$ 0.245
Parent Company [Member] | Operating Partnership [Member]
Noncontrolling Interest [Line Items]
Ownership percentage	100.00%
OP Units [Member]
Noncontrolling Interest [Line Items]
Shares exchanged	400,000
Accounts Payable and Accrued Liabilities [Member]
Noncontrolling Interest [Line Items]
Dividends payable	$ 80.5		$ 80.6
Common Stock [Member]
Noncontrolling Interest [Line Items]
Stock repurchased during period, shares	100,000	100,000
Shares exchanged	403,000

Stock Based Compensation (Detai

Stock Based Compensation (Details) - USD ($) $ in Thousands, shares in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized	15
Risk free interest rate		1.00%
Expected dividend rate	4.00%	3.80%
Share-based compensation (benefit)/expense	$ 2,126	$ (1,582)
Reversal of previously recognized equity compensation expense			$ 2,600
Compensation cost not yet recognized			$ 19,300
Weighted average remaining contractual term	2 years 4 months 24 days
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service period	1 year
Expected volatility rate	22.00%	23.50%
Risk free interest rate	1.20%
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service period	5 years
Expected volatility rate	23.00%	26.50%
Risk free interest rate	1.39%
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in period	0.5	0.8

Earnings per Share (Details)

Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Earnings Per Share, Basic [Abstract]
Net income	$ 71,655	$ 61,549
Income attributable to non-controlling interests	(76)	(1,072)
Non-forfeitable dividends on unvested restricted shares	(10)	(15)
Net income attributable to the Company’s common stockholders for basic earnings per share	$ 71,569	$ 60,462
Weighted average number shares outstanding - basic	304,569	299,180
Net income (usd per share)	$ 0.23	$ 0.20
Computation of Diluted Earnings Per Share:
Net income attributable to the Company’s common stockholders for diluted earnings per share	$ 71,569	$ 60,462
Equity awards	226	199
Weighted average shares outstanding - diluted	304,795	299,379
Net income (usd per share)	$ 0.23	$ 0.20

Earnings per Unit (Details)

Earnings per Unit (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Schedule of Earnings per Share [Line Items]
Net income attributable to Brixmor Operating Partnership LP	$ 71,655	$ 61,549
Non-forfeitable dividends on unvested restricted shares	(10)	(15)
Net income attributable to the Company’s common stockholders for basic earnings per share	$ 71,569	$ 60,462
Weighted average number of common shares outstanding - basic	304,569	299,180
Net income (usd per share)	$ 0.23	$ 0.20
Net income attributable to the Company’s common stockholders for diluted earnings per share	$ 71,569	$ 60,462
Equity awards	226	199
Weighted average shares outstanding - diluted	304,795	299,379
Net income (usd per share)	$ 0.23	$ 0.20
Brixmor Operating Partnership LP [Member]
Schedule of Earnings per Share [Line Items]
Net income attributable to Brixmor Operating Partnership LP	$ 71,655	$ 61,549
Non-forfeitable dividends on unvested restricted shares	(10)	(15)
Net income attributable to the Company’s common stockholders for basic earnings per share	$ 71,645	$ 61,534
Weighted average number of common shares outstanding - basic	304,888	304,483
Net income (usd per share)	$ 0.23	$ 0.20
Net income attributable to the Company’s common stockholders for diluted earnings per share	$ 71,645	$ 61,534
Equity awards	226	199
Weighted average shares outstanding - diluted	305,114	304,682
Net income (usd per share)	$ 0.23	$ 0.20

Commitments and Contingencies57

Commitments and Contingencies (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Rent expense	$ 1,900	$ 1,900
Operating Leases, Future Minimum Payments Due, Rolling Maturity [Abstract]
2017 (remaining nine months)	5,540
2,018	6,919
2,019	6,755
2,021	6,761
2,020	6,942
Thereafter	77,972
Total minimum annual rental commitments	$ 110,889