Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2017 | Feb. 01, 2018 | Jun. 30, 2017 | |
Entity Registrant Name | Brixmor Property Group Inc. | ||
Entity Central Index Key | 1,581,068 | ||
Document Type | 10-K | ||
Document Period End Date | Dec. 31, 2017 | ||
Amendment Flag | false | ||
Document Fiscal Year Focus | 2,017 | ||
Document Fiscal Period Focus | FY | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Filer Category | Large Accelerated Filer | ||
Entity Common Stock, Shares Outstanding | 304,704,046 | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Well-known Seasoned Issuer | Yes | ||
Entity Public Float | $ 5,429,779,394 | ||
Brixmor Operating Partnership LP | |||
Entity Registrant Name | Brixmor Operating Partnership LP | ||
Entity Central Index Key | 1,630,031 | ||
Document Period End Date | Dec. 31, 2017 | ||
Amendment Flag | false | ||
Document Fiscal Year Focus | 2,017 | ||
Document Fiscal Period Focus | FY | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Well-known Seasoned Issuer | Yes |
CONSOLIDATED BALANCE SHEETS
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Real estate | ||
Land | $ 1,984,309 | $ 2,006,655 |
Buildings and improvements | 8,937,182 | 9,002,403 |
Real estate, gross | 10,921,491 | 11,009,058 |
Accumulated depreciation and amortization | (2,361,070) | (2,167,054) |
Real estate, net | 8,560,421 | 8,842,004 |
Investments in and advances to unconsolidated joint venture | 0 | 7,921 |
Cash and cash equivalents | 56,938 | 51,402 |
Restricted cash | 53,839 | 51,467 |
Marketable securities | 28,006 | 25,573 |
Receivables, net of allowance for doubtful accounts of $17,205 and $16,756 | 232,111 | 178,216 |
Deferred charges and prepaid expenses, net | 147,508 | 122,787 |
Other assets | 75,103 | 40,315 |
Total assets | 9,153,926 | 9,319,685 |
Liabilities | ||
Debt obligations, net | 5,676,238 | 5,838,889 |
Accounts payable, accrued expenses and other liabilities | 569,340 | 553,636 |
Total liabilities | 6,245,578 | 6,392,525 |
Commitments and contingencies (Note 14) | 0 | 0 |
Equity | ||
Common stock | 3,046 | 3,043 |
Additional paid-in capital | 3,330,466 | 3,324,874 |
Accumulated other comprehensive income | 24,211 | 21,519 |
Distributions in excess of net income | (449,375) | (426,552) |
Total stockholders’ equity | 2,908,348 | 2,922,884 |
Non-controlling interests | 0 | 4,276 |
Total equity | 2,908,348 | 2,927,160 |
Total liabilities and equity | 9,153,926 | 9,319,685 |
Brixmor Operating Partnership LP | ||
Real estate | ||
Land | 1,984,309 | 2,006,655 |
Buildings and improvements | 8,937,182 | 9,002,403 |
Real estate, gross | 10,921,491 | 11,009,058 |
Accumulated depreciation and amortization | (2,361,070) | (2,167,054) |
Real estate, net | 8,560,421 | 8,842,004 |
Investments in and advances to unconsolidated joint venture | 0 | 7,921 |
Cash and cash equivalents | 56,908 | 51,368 |
Restricted cash | 53,839 | 51,467 |
Marketable securities | 27,787 | 25,356 |
Receivables, net of allowance for doubtful accounts of $17,205 and $16,756 | 232,111 | 178,216 |
Deferred charges and prepaid expenses, net | 147,508 | 122,787 |
Other assets | 75,103 | 40,315 |
Total assets | 9,153,677 | 9,319,434 |
Liabilities | ||
Debt obligations, net | 5,676,238 | 5,838,889 |
Accounts payable, accrued expenses and other liabilities | 569,340 | 553,636 |
Total liabilities | 6,245,578 | 6,392,525 |
Commitments and contingencies (Note 14) | 0 | 0 |
Equity | ||
Common stock | 2,883,875 | 2,905,378 |
Accumulated other comprehensive income | 24,224 | 21,531 |
Total equity | 2,908,099 | 2,926,909 |
Total liabilities and equity | $ 9,153,677 | $ 9,319,434 |
CONSOLIDATED BALANCE SHEETS (Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Allowance for doubtful accounts receivable | $ 17,205 | $ 16,756 |
Common stock, par value | $ 0.01 | $ 0.01 |
Common stock, shares authorized | 3,000,000,000 | 3,000,000,000 |
Common stock, shares issued | 304,947,144 | 304,343,141 |
Common stock, shares outstanding | 304,620,186 | 304,343,141 |
Brixmor Operating Partnership LP | ||
Allowance for doubtful accounts receivable | $ 17,205 | $ 16,756 |
Common stock, shares issued | 304,947,144 | 304,720,842 |
Common stock, shares outstanding | 304,620,186 | 304,720,842 |
CONSOLIDATED STATEMENTS OF OPER
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Revenues | |||
Rental income | $ 997,089 | $ 998,118 | $ 984,548 |
Expense reimbursements | 278,636 | 270,548 | 276,032 |
Other revenues | 7,455 | 7,106 | 5,400 |
Total revenues | 1,283,180 | 1,275,772 | 1,265,980 |
Operating expenses | |||
Operating costs | 136,092 | 133,429 | 129,477 |
Real estate taxes | 179,097 | 174,487 | 180,911 |
Depreciation and amortization | 375,028 | 387,302 | 417,935 |
Provision for doubtful accounts | 5,323 | 9,182 | 9,540 |
Impairment of real estate assets | 40,104 | 5,154 | 1,005 |
General and administrative | 92,247 | 92,248 | 98,454 |
Total operating expenses | 827,891 | 801,802 | 837,322 |
Other income (expense) | |||
Dividends and interest | 365 | 542 | 315 |
Interest expense | (226,660) | (226,671) | (245,012) |
Gain on sale of real estate assets | 68,847 | 35,613 | 11,744 |
Gain (loss) on extinguishment of debt, net | 498 | (832) | 1,720 |
Other | (2,907) | (4,957) | (348) |
Total other expense | (159,857) | (196,305) | (231,581) |
Income before equity in income of unconsolidated joint venture | 295,432 | 277,665 | 197,077 |
Equity in income of unconsolidated joint venture | 381 | 477 | 459 |
Gain on disposition of unconsolidated joint venture interest | 4,556 | 0 | 0 |
Net income | 300,369 | 278,142 | 197,536 |
Net income attributable to non-controlling interests | (76) | (2,514) | (3,816) |
Net income attributable to Brixmor Property Group Inc. | 300,293 | 275,628 | 193,720 |
Preferred stock dividends | (39) | (150) | (150) |
Net income attributable to common stockholders | $ 300,254 | $ 275,478 | $ 193,570 |
Net income attributable to common stockholders: | |||
Basic (usd per share) | $ 0.98 | $ 0.91 | $ 0.65 |
Diluted (usd per share) | $ 0.98 | $ 0.91 | $ 0.65 |
Weighted average shares: | |||
Basic (in shares) | 304,834 | 301,601 | 298,004 |
Diluted (in shares) | 305,281 | 305,060 | 305,017 |
Brixmor Operating Partnership LP | |||
Revenues | |||
Rental income | $ 997,089 | $ 998,118 | $ 984,548 |
Expense reimbursements | 278,636 | 270,548 | 276,032 |
Other revenues | 7,455 | 7,106 | 5,400 |
Total revenues | 1,283,180 | 1,275,772 | 1,265,980 |
Operating expenses | |||
Operating costs | 136,092 | 133,429 | 129,477 |
Real estate taxes | 179,097 | 174,487 | 180,911 |
Depreciation and amortization | 375,028 | 387,302 | 417,935 |
Provision for doubtful accounts | 5,323 | 9,182 | 9,540 |
Impairment of real estate assets | 40,104 | 5,154 | 1,005 |
General and administrative | 92,247 | 92,248 | 98,454 |
Total operating expenses | 827,891 | 801,802 | 837,322 |
Other income (expense) | |||
Dividends and interest | 365 | 542 | 315 |
Interest expense | (226,660) | (226,671) | (245,012) |
Gain on sale of real estate assets | 68,847 | 35,613 | 11,744 |
Gain (loss) on extinguishment of debt, net | 498 | (832) | 1,720 |
Other | (2,907) | (4,957) | (348) |
Total other expense | (159,857) | (196,305) | (231,581) |
Income before equity in income of unconsolidated joint venture | 295,432 | 277,665 | 197,077 |
Equity in income of unconsolidated joint venture | 381 | 477 | 459 |
Gain on disposition of unconsolidated joint venture interest | 4,556 | 0 | 0 |
Net income | $ 300,369 | $ 278,142 | $ 197,536 |
Net income attributable to common stockholders: | |||
Basic (usd per share) | $ 0.98 | $ 0.91 | $ 0.65 |
Diluted (usd per share) | $ 0.98 | $ 0.91 | $ 0.65 |
Weighted average shares: | |||
Basic (in shares) | 304,913 | 304,600 | 303,992 |
Diluted (in shares) | 305,281 | 305,059 | 305,017 |
CONSOLIDATED STATEMENTS OF COMP
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Net income | $ 300,369 | $ 278,142 | $ 197,536 |
Other comprehensive income (loss) | |||
Change in unrealized gain on interest rate swaps, net (Note 6) | 2,815 | 24,042 | 1,986 |
Change in unrealized gain (loss) on marketable securities | (123) | (14) | (60) |
Total other comprehensive income | 2,692 | 24,028 | 1,926 |
Comprehensive income | 303,061 | 302,170 | 199,462 |
Comprehensive income attributable to non-controlling interests | (76) | (2,514) | (3,816) |
Comprehensive income attributable to common stockholders | 302,985 | 299,656 | 195,646 |
Brixmor Operating Partnership LP | |||
Net income | 278,142 | 197,536 | |
Net income | 300,369 | 278,142 | 197,536 |
Other comprehensive income (loss) | |||
Change in unrealized gain on interest rate swaps, net (Note 6) | 2,815 | 24,042 | 1,986 |
Change in unrealized gain (loss) on marketable securities | (122) | (16) | (56) |
Total other comprehensive income | 2,693 | 24,026 | 1,930 |
Comprehensive income attributable to common stockholders | $ 303,062 | $ 302,168 | $ 199,466 |
CONSOLIDATED STATEMENTS OF CHAN
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands | Total | Brixmor Operating Partnership LP | Common Stock | Common StockBrixmor Operating Partnership LP | Additional Paid-in Capital | Additional Paid-in CapitalBrixmor Operating Partnership LP | Accumulated Other Comprehensive Income (Loss) | Distributions in Excess of Net Income | Non-controlling Interests |
Beginning balance (in shares) at Dec. 31, 2014 | 296,552,000 | ||||||||
Beginning balance at Dec. 31, 2014 | $ 2,980,303 | $ 2,979,956 | $ 2,966 | $ 2,984,381 | $ 3,223,941 | $ (4,425) | $ (4,435) | $ (318,762) | $ 76,593 |
Increase (Decrease) in Equity [Roll Forward] | |||||||||
Common stock dividends | (275,903) | (281,785) | (281,785) | (275,903) | |||||
Distributions to non-controlling interests | (5,843) | (5,843) | |||||||
Equity based compensation expense | 23,331 | 23,331 | 23,331 | 22,841 | 490 | ||||
Preferred stock dividends | (150) | (150) | |||||||
Other comprehensive income | 1,926 | 1,930 | 1,930 | 1,926 | |||||
Issuance of common stock and OP Units (in shares) | 67,000 | ||||||||
Issuance of common stock and OP Units | 22 | 22 | 22 | (743) | 765 | ||||
Share-based awards retained for taxes | (920) | (920) | (920) | (920) | |||||
Net income | 197,536 | 197,536 | 193,720 | 3,816 | |||||
Conversion of Operating Partnership units into common stock (in shares) | 2,519,000 | ||||||||
Conversion of Operating Partnership units into common stock | 0 | $ 25 | 25,127 | (25,152) | |||||
Net income | 197,536 | 197,536 | |||||||
Ending balance (in shares) at Dec. 31, 2015 | 299,138,000 | ||||||||
Ending balance at Dec. 31, 2015 | 2,920,302 | 2,920,070 | $ 2,991 | 2,922,565 | 3,270,246 | (2,495) | (2,509) | (400,945) | 50,519 |
Increase (Decrease) in Equity [Roll Forward] | |||||||||
Common stock dividends | (301,235) | (303,805) | (303,805) | (301,235) | |||||
Distributions to non-controlling interests | (2,403) | (2,403) | |||||||
Equity based compensation expense | 11,569 | 11,569 | 11,569 | 11,478 | 91 | ||||
Preferred stock dividends | (150) | (150) | |||||||
Other comprehensive income | 24,028 | 24,026 | 24,026 | 24,028 | |||||
Issuance of common stock and OP Units (in shares) | 229,000 | ||||||||
Issuance of common stock and OP Units | 211 | 211 | $ 2 | 211 | (1,395) | 1,604 | |||
Repurchase of common stock, shares | (100,000) | ||||||||
Share-based awards retained for taxes | (3,304) | (3,304) | (3,304) | (3,304) | |||||
Net income | 278,142 | 278,142 | 275,628 | 2,514 | |||||
Conversion of Operating Partnership units into common stock (in shares) | 4,976,000 | ||||||||
Conversion of Operating Partnership units into common stock | 0 | $ 50 | 47,849 | (47,899) | |||||
Net income | 278,142 | 278,142 | |||||||
Ending balance (in shares) at Dec. 31, 2016 | 304,343,000 | ||||||||
Ending balance at Dec. 31, 2016 | 2,927,160 | 2,926,909 | $ 3,043 | 2,905,378 | 3,324,874 | 21,531 | 21,519 | (426,552) | 4,276 |
Increase (Decrease) in Equity [Roll Forward] | |||||||||
Common stock dividends | (322,475) | (323,763) | (323,763) | (322,475) | |||||
Equity based compensation expense | 10,477 | 10,477 | 10,477 | 10,474 | 3 | ||||
Preferred stock dividends | (1,289) | (641) | (648) | ||||||
Other comprehensive income | 2,692 | 2,693 | 2,693 | 2,692 | |||||
Issuance of common stock and OP Units (in shares) | 201,000 | ||||||||
Issuance of common stock and OP Units | 0 | $ 6 | 0 | (6) | |||||
Repurchase of common stock, shares | (327,000) | ||||||||
Repurchases of common stock | (5,872) | (5,872) | $ (3) | (5,872) | (5,869) | ||||
Share-based awards retained for taxes | (2,714) | (2,714) | (2,714) | (2,714) | |||||
Net income | 300,369 | 300,369 | 300,293 | 76 | |||||
Conversion of Operating Partnership units into common stock (in shares) | 403,000 | ||||||||
Conversion of Operating Partnership units into common stock | 0 | 3,701 | (3,701) | ||||||
Net income | 300,369 | ||||||||
Ending balance (in shares) at Dec. 31, 2017 | 304,620,000 | ||||||||
Ending balance at Dec. 31, 2017 | $ 2,908,348 | $ 2,908,099 | $ 3,046 | $ 2,883,875 | $ 3,330,466 | $ 24,224 | $ 24,211 | $ (449,375) | $ 0 |
CONSOLIDATED STATEMENT OF CHANG
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (Parenthetical) - $ / shares | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Statement of Stockholders' Equity [Abstract] | |||
Dividends, per common share | $ 1.055 | $ 0.995 | $ 0.92 |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Operating activities: | |||
Net income | $ 300,369 | $ 278,142 | $ 197,536 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation and amortization | 375,028 | 387,302 | 417,935 |
Debt premium and discount amortization | (5,323) | (12,436) | (18,065) |
Deferred financing cost amortization | 6,971 | 7,708 | 8,302 |
Above- and below-market lease intangible amortization | (29,634) | (37,730) | (47,757) |
Provisions for impairment | 40,104 | 5,154 | 1,005 |
Gain on disposition of operating properties | (68,847) | (35,613) | (11,744) |
Gain on disposition of unconsolidated joint venture interest | (4,556) | 0 | 0 |
Equity based compensation | 10,477 | 11,569 | 23,331 |
Other | 2,511 | 1,121 | 358 |
(Gain) loss on extinguishment of debt, net | (505) | 814 | (5,306) |
Changes in operating assets and liabilities: | |||
Receivables | (26,458) | 1,566 | 1,829 |
Deferred charges and prepaid expenses | (53,316) | (33,819) | (40,460) |
Other assets | (3,575) | (644) | (43) |
Accounts payable, accrued expenses and other liabilities | 8,695 | (5,667) | (2,923) |
Net cash provided by operating activities | 551,941 | 567,467 | 523,998 |
Investing activities: | |||
Improvements to and investments in real estate assets | (202,873) | (192,428) | (189,934) |
Acquisitions of real estate assets | (190,487) | (46,833) | (52,208) |
Proceeds from sales of real estate assets | 330,757 | 102,904 | 54,236 |
Contributions to unconsolidated joint venture | 0 | (2,846) | 0 |
Proceeds from sale of unconsolidated joint venture interest | 12,369 | 0 | 0 |
Purchase of marketable securities | (28,263) | (46,325) | (24,278) |
Proceeds from sale of marketable securities | 25,623 | 43,647 | 21,441 |
Net cash used in investing activities | (52,874) | (141,881) | (190,743) |
Financing activities: | |||
Repayment of debt obligations and financing liabilities | (409,575) | (914,471) | (1,122,118) |
Repayment of borrowings under unsecured revolving credit facility | (603,000) | (840,000) | (1,118,475) |
Proceeds from borrowings under unsecured revolving credit facility | 481,000 | 546,000 | 1,015,000 |
Proceeds from unsecured term loans and notes | 1,193,916 | 1,094,648 | 1,195,821 |
Repayment of borrowings under unsecured term loan | (815,000) | 0 | 0 |
Deferred financing costs | (11,135) | (17,639) | (10,834) |
Distributions to common stockholders | (317,389) | (295,205) | (268,281) |
Distributions to non-controlling interests | (1,390) | (3,736) | (26,314) |
Repurchase of common shares | (5,872) | 0 | 0 |
Repurchase of common shares in conjunction with equity award plans | (2,714) | (3,304) | (823) |
Net cash used in financing activities | (491,159) | (433,707) | (336,024) |
Net change in cash, cash equivalents and restricted cash | 7,908 | (8,121) | (2,769) |
Cash, cash equivalents and restricted cash at beginning of period | 102,869 | 110,990 | 113,759 |
Cash, cash equivalents and restricted cash at end of period | 110,777 | 102,869 | 110,990 |
Reconciliation to consolidated balance sheets | |||
Cash and cash equivalents | 56,938 | 51,402 | 69,528 |
Cash, cash equivalents and restricted cash at end of period | 102,869 | 110,990 | 113,759 |
Supplemental disclosure of cash flow information: | |||
Cash paid for interest, net of amount capitalized of $2,945, $2,870 and $2,749 | 223,198 | 228,378 | 244,067 |
State and local taxes paid | 2,199 | 2,067 | 2,278 |
Assumed mortgage debt through acquisition | 0 | 0 | 7,000 |
Brixmor Operating Partnership LP | |||
Operating activities: | |||
Net income | 300,369 | 278,142 | 197,536 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation and amortization | 375,028 | 387,302 | 417,935 |
Debt premium and discount amortization | (5,323) | (12,436) | (18,065) |
Deferred financing cost amortization | 6,971 | 7,708 | 8,302 |
Above- and below-market lease intangible amortization | (29,634) | (37,730) | (47,757) |
Provisions for impairment | 40,104 | 5,154 | 1,005 |
Gain on disposition of operating properties | (68,847) | (35,613) | (11,744) |
Gain on disposition of unconsolidated joint venture interest | (4,556) | 0 | 0 |
Equity based compensation | 10,477 | 11,569 | 23,331 |
Other | 2,511 | 1,121 | 358 |
(Gain) loss on extinguishment of debt, net | (505) | 814 | (5,306) |
Changes in operating assets and liabilities: | |||
Receivables | (26,458) | 1,566 | 1,829 |
Deferred charges and prepaid expenses | (53,316) | (33,819) | (40,460) |
Other assets | (3,575) | (644) | (43) |
Accounts payable, accrued expenses and other liabilities | 8,695 | (5,667) | (2,923) |
Net cash provided by operating activities | 551,941 | 567,467 | 523,998 |
Investing activities: | |||
Improvements to and investments in real estate assets | (202,873) | (192,428) | (189,934) |
Acquisitions of real estate assets | (190,487) | (46,833) | (52,208) |
Proceeds from sales of real estate assets | 330,757 | 102,904 | 54,236 |
Contributions to unconsolidated joint venture | 0 | (2,846) | 0 |
Proceeds from sale of unconsolidated joint venture interest | 12,369 | 0 | 0 |
Purchase of marketable securities | (28,261) | (46,317) | (24,275) |
Proceeds from sale of marketable securities | 25,623 | 43,647 | 21,441 |
Net cash used in investing activities | (52,872) | (141,873) | (190,740) |
Financing activities: | |||
Repayment of debt obligations and financing liabilities | (409,575) | (914,471) | (1,122,118) |
Repayment of borrowings under unsecured revolving credit facility | (603,000) | (840,000) | (1,118,475) |
Proceeds from borrowings under unsecured revolving credit facility | 481,000 | 546,000 | 1,015,000 |
Proceeds from unsecured term loans and notes | 1,193,916 | 1,094,648 | 1,195,821 |
Repayment of borrowings under unsecured term loan | (815,000) | 0 | 0 |
Deferred financing costs | (11,135) | (17,639) | (10,834) |
Partner distributions | (327,363) | (302,265) | (275,428) |
Distributions to non-controlling interests | 0 | 0 | (19,870) |
Net cash used in financing activities | (491,157) | (433,727) | (335,904) |
Net change in cash, cash equivalents and restricted cash | 7,912 | (8,133) | (2,646) |
Cash, cash equivalents and restricted cash at beginning of period | 102,835 | 110,968 | 113,614 |
Cash, cash equivalents and restricted cash at end of period | 110,747 | 102,835 | 110,968 |
Reconciliation to consolidated balance sheets | |||
Cash and cash equivalents | 56,908 | 51,368 | 69,506 |
Cash, cash equivalents and restricted cash at end of period | $ 102,835 | 110,968 | 113,614 |
Supplemental disclosure of cash flow information: | |||
Cash paid for interest, net of amount capitalized of $2,945, $2,870 and $2,749 | 228,378 | 244,067 | |
State and local taxes paid | $ 2,067 | $ 2,278 |
CONSOLIDATED STATEMENTS OF CAS9
CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Interest paid, capitalized | $ 2,945 | $ 2,870 | $ 2,749 |
Brixmor Operating Partnership LP | |||
Interest paid, capitalized | $ 2,945 | $ 2,870 | $ 2,749 |
Nature of Business and Financia
Nature of Business and Financial Statement Presentation | 12 Months Ended |
Dec. 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 one of the largest open air retail portfolios by gross leasable area (“GLA”) in the United States, comprised primarily of community and neighborhood shopping centers. As of December 31, 2017, the Company’s portfolio was comprised of 486 shopping centers totaling approximately 83 million square feet of gross leasable area (the “Portfolio”). 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 financial information included herein reflects the consolidated financial position of the Company as of December 31, 2017 and 2016 and the consolidated results of its operations and cash flows for the years ended December 31, 2017, 2016 and 2015. The Company has determined that it is preferable to present underwriter fees associated with the Company’s issuance of unsecured senior notes in the line item Deferred financing costs as opposed to deducting the amount of the fees within the line item Proceeds from unsecured term loans and notes within financing activities in the accompanying Consolidated Statements of Cash Flows. In connection with this revised presentation, certain prior year balances have been adjusted to conform to the current year presentation described above. Principles of Consolidation and Use of Estimates The accompanying 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. When the Company obtains an economic interest in an entity, management evaluates the entity to determine: (i) whether the entity is a variable interest entity (“VIE”), (ii) in the event the entity is a VIE, whether the Company is the primary beneficiary of the entity, and (iii) in the event the entity is not a VIE, whether the Company otherwise has a controlling financial interest. The Company consolidates: (i) entities that are VIEs for which the Company is deemed to be the primary beneficiary and (ii) entities that are not VIEs which the Company controls. If the Company has an interest in a VIE but it is not determined to be the primary beneficiary, the Company accounts for its interest under the equity method of accounting. Similarly, for those entities which are not VIEs and the Company does not have a controlling financial interest, the Company accounts for its interests under the equity method of accounting. The Company continually reconsiders its determination of whether an entity is a VIE and whether the Company qualifies as its primary beneficiary. The Company has evaluated the Operating Partnership and has determined it is not a VIE as of December 31, 2017. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported amounts of revenues and expenses during a reporting period. The most significant assumptions and estimates relate to impairment of real estate, recovery of receivables and depreciable lives. These estimates are based on historical experience and other assumptions which management believes are reasonable under the circumstances. Management evaluates its estimates on an ongoing basis and makes revisions to these estimates and related disclosures as new information becomes known. Actual results could differ from these estimates. Non-controlling Interests The Company accounts for non-controlling interests in accordance with the Consolidation guidance and the Distinguishing Liabilities from Equity guidance issued by the Financial Accounting Standards Board (“FASB”). Non-controlling interests represent the portion of equity that the Company does not own in those entities that it consolidates. The Company identifies its non-controlling interests separately within the Equity section of the Company’s Consolidated Balance Sheets. The amounts of consolidated net earnings attributable to the Company and to the non-controlling interests are presented separately on the Company’s Consolidated Statements of Operations. Cash and Cash Equivalents For purposes of presentation on both the Consolidated Balance Sheets and the Consolidated Statements of Cash Flows, the Company considers instruments with an original maturity of three months or less to be cash and cash equivalents. The Company maintains its cash and cash equivalents at major financial institutions. The cash and cash equivalent balance at one or more of these financial institutions exceeds the Federal Depository Insurance Corporation (FDIC) insurance coverage. The Company periodically assesses the credit risk associated with these financial institutions and believes that the risk of loss is minimal. Restricted Cash Restricted cash represents cash deposited in escrow accounts, which generally can only be used for the payment of real estate taxes, debt service, insurance, and future capital expenditures as required by certain loan and lease agreements as well as legally restricted tenant security deposits and funds held in escrow for pending transactions. 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. 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 depreciation 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 with a 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 accelerate the depreciation and amortization associated with the asset group. Real Estate Under Development and Redevelopment Certain costs are capitalized related to the development and redevelopment of real estate including pre-construction costs, real estate taxes, insurance, construction costs and salaries and related costs of personnel directly involved. Additionally, the Company capitalizes interest costs related to development and redevelopment activities. Capitalization of these costs begin when the activities and related expenditures commence and cease when the project is substantially complete and ready for its intended use, at which time the project is placed in service and depreciation commences. Additionally, the Company makes estimates as to the probability of certain development and redevelopment projects being completed. If the Company determines the development or redevelopment is no longer probable of completion, the Company expenses all capitalized costs which are not recoverable. Investments in and Advances to Unconsolidated Joint Ventures The Company accounted for its investment in the unconsolidated joint venture using the equity method of accounting as the Company exercised significant influence over, but did not control this entity. This investment was initially recorded at cost and was subsequently adjusted for cash contributions and distributions. Earnings for the investment were recognized in accordance with the terms of the underlying agreement. Intercompany fees and gains on transactions with the unconsolidated joint venture were eliminated to the extent of the Company’s ownership interest. On a periodic basis, management assessed whether there were indicators, including the property operating performance, changes in anticipated holding period and general market conditions, that the value of the Company’s investment in the unconsolidated joint venture may have been impaired. An investment’s value was impaired only if management’s estimate of the fair value of the Company’s investment was less than its carrying value and such difference was deemed to be other-than-temporary. To the extent impairment had occurred, a loss was recognized for the excess of its carrying amount over its fair value. Deferred Leasing and Financing Costs Costs incurred in executing tenant leases (including internal leasing costs) and long-term financing are amortized using the straight-line method over the term of the related lease or debt agreement, which approximates the effective interest method. Costs incurred in executing tenant leases which are capitalized include a portion of salaries, lease incentives and the related costs of personnel directly involved in successful leasing efforts. Costs incurred in executing long-term financing which are capitalized include bank and legal fees. The amortization of deferred leasing and financing costs is included in Depreciation and amortization and Interest expense, respectively, in the Company’s Consolidated Statements of Operations and within Operating activities on the Company’s Consolidated Statements of Cash Flows. Marketable Securities The Company classifies its marketable securities, which include both debt and equity securities, as available-for-sale. These securities are carried at fair value with unrealized gains and losses reported in equity as a component of accumulated other comprehensive income (loss). The fair value of marketable securities are based primarily on publicly traded market values in active markets and are classified accordingly on the fair value hierarchy. On a periodic basis, management assesses whether there are indicators that the value of the Company’s marketable securities may be impaired. A marketable security is impaired if the fair value of the security is less than its carrying value and the difference is determined to be other-than-temporary. To the extent impairment has occurred, a loss is recognized for the excess of the carrying value over its fair value. At December 31, 2017 and 2016, the fair value of the Company’s marketable securities portfolio approximated its cost basis. Derivative Financial Instruments Derivatives, including certain derivatives embedded in other contracts, are measured at fair value and are recognized in the Company’s Consolidated Balance Sheets as assets or liabilities, depending on the Company’s rights or obligations under the applicable derivative contract. The accounting for changes in the fair value of a derivative varies based on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the necessary criteria. Revenue Recognition and Receivables Rental revenue is recognized on a straight-line basis over the terms of the related leases. The cumulative difference between rental revenue recognized in the Company’s Consolidated Statements of Operations and contractual payment terms is recorded as deferred rent and presented on the accompanying Consolidated Balance Sheets within Receivables, net. The Company commences recognizing rental revenue based on an evaluation of a number of factors. In most cases, revenue recognition under a lease begins when the lessee takes possession of or controls the physical use of the leased asset. Certain leases also provide for percentage rents based upon the level of sales achieved by a lessee. These percentage rents are recognized upon the achievement of certain pre-determined sales levels. Leases also typically provide for reimbursement of common area expenses, real estate taxes and other operating expenses by the lessee and are recognized in the period the applicable expenditures are incurred. Gains from the sale of depreciated operating properties are generally recognized under the full accrual method, provided that various criteria relating to the terms of the sale and subsequent involvement by the Company with the applicable property are met. The Company periodically evaluates the collectability of its receivables related to rental revenue, straight-line rent, expense reimbursements and those attributable to other revenue generating activities. The Company analyzes its receivables and historical bad debt levels, tenant credit-worthiness and current economic trends when evaluating the adequacy of its allowance for doubtful accounts. In addition, tenants in bankruptcy are analyzed and estimates are made in connection with the expected recovery of pre-petition and post-petition claims. Stock Based Compensation The Company accounts for equity awards in accordance with the FASB’s Stock Compensation guidance which requires that all share based payments to employees and non-employee directors be recognized in the statement of operations over the service period based on their fair value. Fair value is determined based on the type of award using either the grant date market price of the Company’s stock, the Black-Scholes-Merton option-pricing model or a Monte Carlo simulation model. Share-based compensation expense is included in General and administrative expenses in the Company’s Consolidated Statements of Operations. 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. On April 3, 2017, BPG Sub’s status as a REIT terminated when BPG Sub became a disregarded subsidiary of the Parent Company for U.S. federal income tax purposes. Prior to its termination of REIT status, BPG Sub had also elected to qualify as a REIT under the Code and was subject to the same tax requirements and tax treatment as the Parent Company. As a REIT, the Parent Company generally will not be subject to U.S. federal income tax, provided that distributions to its stockholders equal at least the amount of its REIT taxable income as defined under the Code. The Parent Company conducts substantially all of its operations through the Operating Partnership which is organized as a limited partnership and treated as a pass-through entity for U.S. federal tax purposes. Therefore, U.S. federal income taxes on our taxable income do not materially impact the Consolidated Financial Statements of the Company. If the Parent Company fails to qualify as a REIT in any taxable year, it will be subject to U.S. federal taxes at regular corporate rates (including any applicable alternative minimum tax for tax years beginning after December 31, 2017) and may not be able to qualify as a REIT for four subsequent taxable years. Even if the Parent Company qualifies for taxation as a REIT, the Company is subject to certain state and local taxes on its income and property, and to U.S. federal income and excise taxes on its undistributed taxable income. The Company has elected to treat certain of its subsidiaries as taxable REIT subsidiaries (“TRS”), and the Company may in the future elect to treat newly formed and/or existing subsidiaries as TRSs. A TRS may participate in non-real estate-related activities and/or perform non-customary services for tenants and are subject to certain limitations under the Code. A TRS is subject to U.S. federal and state income taxes. Income taxes related to the Company’s TRSs do not materially impact the Consolidated Financial Statements of the Company. The Company has considered the tax positions taken for the open tax years and has concluded that no provision for income taxes related to uncertain tax positions is required in the Company’s Consolidated Financial Statements as of December 31, 2017 and 2016. Open tax years generally range from 2014 through 2017, but may vary by jurisdiction and issue. The Company recognizes penalties and interest accrued related to unrecognized tax benefits as income tax expense, which is included in Other on the Company’s Consolidated Statements of Operations. New Accounting Pronouncements In August 2017, the FASB issued Accounting Standards Update (“ASU”) 2017-12, “ Derivatives and Hedging (Topic 815) .” ASU 2017-12 amends guidance to more closely align the results of cash flow and fair value hedge accounting with risk management activities through changes to both the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results in the financial statements. The standard is effective on January 1, 2019, with early adoption permitted. The Company does not expect the adoption of ASU 2017-12 to have a material impact on the Consolidated Financial Statements of the Company. In May 2017, the FASB issued ASU 2017-09, “ Compensation - Stock Compensation (Topic 718) .” ASU 2017-09 clarifies guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting. The standard is effective on January 1, 2018, with early adoption permitted. The Company does not expect the adoption of ASU 2017-09 to have a material impact on the Consolidated Financial Statements of the Company. In January 2017, the FASB issued 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 year ended December 31, 2017, the Company capitalized $0.9 million of transaction costs. The Company determined that these amounts did not have a material impact on the 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 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 Consolidated Balance Sheets. The Company determined that these changes did not have a material impact on the 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 the 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 determined that these changes did not have a material impact on the 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 pronouncement requires a modified retrospective method of adoption and is effective on January 1, 2019, with early adoption permitted. The Company will continue to evaluate the effect the adoption of ASU 2016-02 will have on the Consolidated Financial Statements of the Company. However, the Company currently believes that the adoption of ASU 2016-02 will not have a material impact for operating leases where it is a lessor and will continue to record revenues from rental properties for its operating leases on a straight-line basis. However, for leases where the Company is a lessee, primarily for the Company’s ground leases and administrative office leases, the Company will be required to record a lease liability and a right of use asset on its Consolidated Balance Sheets at fair value upon adoption. In addition, direct internal leasing overhead costs will continue to be capitalized, however, indirect internal leasing overhead costs previously capitalized will be expensed under ASU 2016-02. In May 2014, the FASB issued ASU 2014-09, “ Revenue from Contracts with Customers (Topic 606). ” 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. The pronouncement allows either a full or modified retrospective method of adoption and is effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Early adoption was permitted for reporting periods beginning after December 15, 2016. A majority of the Company’s tenant-related revenue is recognized pursuant to lease agreements and will be governed by the recently issued leasing guidance discussed above. Based on an evaluation of the impact ASU 2014-09 will have on the Company’s sources of revenue, the Company has concluded that ASU 2014-09 will not have a material impact on the process for, timing of, and presentation and disclosure of revenue recognition from contracts with tenants and other customers. The majority of its revenue is out of the scope of ASU 2014-09. The Company will continue to follow the guidance under Accounting Standard Codification (“ASC”) 840 until the guidance within ASU 2016-02 is effective for the Company on January 1, 2019. 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 Consolidated Financial Statements of the Company. |
Acquisition of Real Estate
Acquisition of Real Estate | 12 Months Ended |
Dec. 31, 2017 | |
Real Estate [Abstract] | |
Acquisition of Real Estate | Acquisition of Real Estate During the year ended December 31, 2017, the Company acquired the following assets, in separate transactions (dollars in thousands): Description (1) Location Month Acquired GLA Aggregate purchase price Outparcel building adjacent to Annex of Arlington Arlington Heights, IL Feb-17 5,760 $ 1,006 Outparcel adjacent to Northeast Plaza Atlanta, GA Feb-17 N/A 1,537 Arborland Center Ann Arbor, MI Mar-17 403,536 102,268 Building adjacent to Preston Park Plano, TX Apr-17 31,080 4,015 Outparcel building adjacent to Cobblestone Village St. Augustine, FL May-17 4,403 1,306 Outparcel adjacent to Wynnewood Village Dallas, TX May-17 N/A 1,658 Venice Village Shoppes Venice, FL Nov-17 175,054 33,486 Upland Town Square Upland, CA Nov-17 100,350 31,859 Plaza By The Sea San Clemente, CA Dec-17 49,089 13,352 769,272 $ 190,487 (1) No debt was assumed related to any of the listed acquisitions. During the year ended December 31, 2016, the Company acquired the following assets, in separate transactions (dollars in thousands): Description (1) Location Month Acquired GLA Aggregate purchase price Building at Rose Pavilion Pleasanton, CA Sept-16 28,530 $ 6,733 Felicita Town Center Escondido, CA Dec-16 126,502 40,100 155,032 $ 46,833 (1) No debt was assumed related to any of the listed acquisitions. The aggregate purchase price of the properties acquired during the years ended December 31, 2017 and 2016, respectively, has been allocated as follows: Year Ended December 31, Assets 2017 2016 Land $ 45,055 $ 14,059 Buildings 117,347 29,277 Building and tenant improvements 17,415 2,749 Above market leases (1) 3,051 652 In-place leases (2) 13,044 2,608 Total assets 195,912 49,345 Liabilities Below market leases (3) 4,103 2,512 Other liabilities 1,322 — Total liabilities 5,425 2,512 Net assets acquired $ 190,487 $ 46,833 (1) The weighted average amortization period at the time of acquisition for above market leases related to properties acquired during the years ended December 31, 2017 and 2016 was 5.5 years and 4.5 years, respectively. (2) The weighted average amortization period at the time of acquisition for in-place leases related to properties acquired during the years ended December 31, 2017 and 2016 was 7.5 years and 6.3 years, respectively. (3) The weighted average amortization period at the time of acquisition for below market leases related to properties acquired during the years ended December 31, 2017 and 2016 was 16.3 years and 11.9 years, respectively. In addition, the Company acquired two land parcels and one outparcel building adjacent to existing Company owned shopping centers for an aggregate purchase price of $1.2 million in connection with its repositioning activities at those centers during the year ended December 31, 2016. This amount is included in Improvements to and investments in real estate assets on the Company’s Consolidated Statement of Cash Flows. During the year ended December 31, 2017, the Company incurred transaction costs of $1.4 million , of which $0.9 million was capitalized and included in Buildings and tenant improvements on the Company’s Consolidated Balance Sheets and $0.5 million was included in Other on the Company’s Consolidated Statements of Operations. During the years ended December 31, 2016 and 2015, the Company incurred transaction costs of $0.5 million and $2.3 million , respectively. These amounts are included in Other on the Company’s Consolidated Statements of Operations. |
Disposals, Discontinued Operati
Disposals, Discontinued Operations and Assets Held for Sale | 12 Months Ended |
Dec. 31, 2017 | |
Discontinued Operations and Disposal Groups [Abstract] | |
Disposals, Discontinued Operations and Assets Held for Sale | Dispositions and Assets Held for Sale During the year ended December 31, 2017, the Company disposed of 29 wholly owned shopping centers and two outparcel buildings for net proceeds of $330.8 million resulting in a gain of $68.7 million and impairment of $22.9 million . In addition, during the year ended December 31, 2017, the Company disposed of its unconsolidated joint venture interest for net proceeds of $12.4 million resulting in a gain of $4.6 million . The Company had one property held for sale as of December 31, 2017 with a carrying value of $27.1 million , which is included in Other assets on the Company’s Consolidated Balance Sheets. During the year ended December 31, 2016, the Company disposed of six shopping centers, one office building and one outparcel building for net proceeds of $102.9 million resulting in a gain of $35.6 million and impairment of $2.0 million . The Company had no properties classified as held for sale as of December 31, 2016. For purposes of measuring provisions for impairments, fair value was determined based on contracts with buyers or purchase offers from potential buyers, adjusted to reflect associated transaction costs. The Company believes the inputs utilized were reasonable in the context of applicable market conditions; however, due to the significance of the unobservable inputs to the overall fair value measures, including forecasted revenues and expenses based upon market conditions and future expectations, the Company determined that such fair value measurements were classified within Level 3 of the fair value hierarchy. For additional information regarding impairments taken by the Company, please see Note 5 and Note 8. There were no discontinued operations for the years ended December 31, 2017, 2016 and 2015 as none of the dispositions represented a strategic shift in the Company’s business that would qualify as discontinued operations. |
Real Estate
Real Estate | 12 Months Ended |
Dec. 31, 2017 | |
Real Estate [Abstract] | |
Real Estate | Real Estate The Company’s components of Real estate, net consisted of the following: December 31, 2017 December 31, 2016 Land $ 1,984,309 $ 2,006,655 Buildings and improvements: Buildings and tenant improvements (1) 8,145,085 8,165,672 Lease intangibles (2) 792,097 836,731 10,921,491 11,009,058 Accumulated depreciation and amortization (3) (2,361,070 ) (2,167,054 ) Total $ 8,560,421 $ 8,842,004 (1) At December 31, 2017 and 2016, Buildings and tenant improvements included accrued amounts of $ 22.8 million and $ 10.5 million , respectively, related to construction in progress, net of any anticipated insurance proceeds. (2) At December 31, 2017 and 2016, Lease intangibles consisted of $715.1 million and $758.0 million , respectively, of in-place leases and $77.0 million and $78.7 million , respectively, of above-market leases. These intangible assets are amortized over the term of each related lease. (3) At December 31, 2017 and 2016, Accumulated depreciation and amortization included $629.1 million and $632.8 million , respectively, of accumulated amortization related to Lease intangibles. In addition, at December 31, 2017 and 2016, the Company had intangible liabilities relating to below-market leases of $463.3 million and $485.2 million , respectively, and accumulated accretion of $281.5 million and $261.7 million , respectively. These intangible liabilities are included in Accounts payable, accrued expenses and other liabilities in the Company’s Consolidated Balance Sheets. These intangible assets are accreted over the term of each related lease. Below-market lease accretion income, net of above-market lease amortization for the years ended December 31, 2017, 2016 and 2015 was $29.6 million , $37.7 million and $47.8 million , respectively. These amounts are included in Rental income in the Company’s Consolidated Statements of Operations. Amortization expense associated with in-place lease value for the years ended December 31, 2017, 2016 and 2015 was $46.2 million , $60.0 million and $88.1 million , respectively. These amounts are included in Depreciation and amortization in the Company’s Consolidated Statements of Operations. The Company’s estimated below-market lease accretion income, net of above-market lease amortization, and in-place leases amortization expense, for the next five years are as follows: Year ending December 31, Below-market lease accretion (income), net of above-market lease amortization In-place leases amortization expense 2018 $ (24,568 ) $ 34,062 2019 (20,737 ) 26,939 2020 (16,924 ) 19,956 2021 (13,985 ) 14,382 2022 (11,741 ) 10,898 |
Impairments
Impairments | 12 Months Ended |
Dec. 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 years ended December 31, 2017, 2016 and 2015: Year Ended December 31, 2017 Property Name (1) Location GLA Impairment Charge The Plaza at Salmon Run Watertown, NY 68,761 $ 3,486 Smith’s Socorro, NM 48,000 2,200 The Manchester Collection Manchester, CT 342,247 9,026 Renaissance Center East (2) Las Vegas, NV 144,216 1,658 Lexington Road Plaza (2) Versailles, KY 197,668 6,393 Shops at Seneca Mall (2) Liverpool, NY 231,024 2,226 Remount Village Shopping Center (2) North Charleston, SC 60,238 921 Fashion Square Orange Park, FL 36,029 2,125 The Shoppes at North Ridgeville (2) North Ridgeville, OH 59,852 389 Milford Center (2) Milford, CT 25,056 45 Highland Commons (2) Glasgow, KY 130,466 2,499 The Vineyards (2) Eastlake, OH 144,820 3,008 Salisbury Marketplace (2) Salisbury, NC 79,732 1,544 Austin Town Center (2) Austin, MN 110,680 1,853 Parkway Pointe (2) Springfield, IL 38,737 2,373 Crossroads Centre Fairview Heights, IL 242,752 358 1,960,278 $ 40,104 Year Ended December 31, 2016 Property Name (1) Location GLA Impairment Charge Inwood Forest (3) Houston, TX 77,553 $ 52 Plymouth Plaza (3) Plymouth Meeting, PA 30,013 1,997 Parcel at Country Hills Shopping Center Torrance, CA 3,500 550 Milford Center (2) Milford, CT 25,056 2,626 Other – N/A (71 ) 136,122 $ 5,154 Year Ended December 31, 2015 Property Name (1) Location GLA Impairment Charge Parkwest Crossing (4) Durham – Chapel Hill, NC 85,602 $ 807 Land Parcel (4) Omaha – Council Bluffs, NE-IA N/A 198 85,602 $ 1,005 (1) The Company recognized impairment charges based upon a change in the estimated hold period of these properties in connection with the Company’s capital recycling program. (2) The Company disposed of this property during the year ended December 31, 2017. (3) The Company disposed of this property during the year ended December 31, 2016. (4) The Company disposed of this property during the year ended December 31, 2015. The Company can provide no assurance that material impairment charges with respect to its Portfolio will not occur in future periods. See Note 3 for additional information regarding impairment charges taken in connection with the Company’s dispositions. See Note 8 for additional information regarding the fair value of impairments taken on operating properties. |
Financial Instruments - Derivat
Financial Instruments - Derivatives and Hedging | 12 Months Ended |
Dec. 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 that result in the receipt and/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 year ended December 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 (“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 rate debt. Detail on the Company’s interest rate derivatives designated as cash flow hedges outstanding as of December 31, 2017 and 2016 is as follows: Number of Instruments Notional Amount December 31, 2017 December 31, 2016 December 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 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 December 31, 2017 and 2016, respectively, is as follows: Fair Value of Derivative Instruments Interest rate swaps classified as: December 31, 2017 December 31, 2016 Gross derivative assets $ 24,420 $ 21,605 Gross derivative liabilities — — Net derivative assets $ 24,420 $ 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 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 Consolidated Statements of Comprehensive Income for the years ended December 31, 2017, 2016 and 2015 is as follows: Derivatives in Cash Flow Hedging Relationships (Interest Rate Swaps) Year Ended December 31, 2017 2016 2015 Change in unrealized gain (loss) on interest rate swaps $ 4,976 $ 19,081 $ (7,612 ) Amortization (accretion) of interest rate swaps to interest expense (2,161 ) 4,961 9,598 Change in unrealized gain (loss) on interest rate swaps, net $ 2,815 $ 24,042 $ 1,986 The Company estimates that $9.6 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 years ended December 31, 2017, 2016 and 2015. Non-Designated (Mark-to Market) Hedges of Interest Rate Risk The Company does not use derivatives for trading or speculative purposes. As of December 31, 2017 and 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 | 12 Months Ended |
Dec. 31, 2017 | |
Debt Disclosure [Abstract] | |
Debt Obligations | Debt Obligations As of December 31, 2017 and 2016, the Company had the following indebtedness outstanding: Carrying Value as of December 31, 2017 December 31, 2016 Stated Interest Rate (1) Scheduled Maturity Date Secured loans Secured loans (2)(3) $ 902,717 $ 1,312,292 4.40% – 7.89% 2018 – 2024 Net unamortized premium 15,321 25,189 Net unamortized debt issuance costs (93 ) (387 ) Total secured loans, net $ 917,945 $ 1,337,094 Notes payable Unsecured notes (4) $ 3,218,453 $ 2,318,453 3.25% – 7.97% 2022 – 2029 Net unamortized discount (13,485 ) (9,097 ) Net unamortized debt issuance costs (22,476 ) (17,402 ) Total notes payable, net $ 3,182,492 $ 2,291,954 Unsecured Credit Facility and term loans Unsecured Credit Facility (5) $ 685,000 $ 1,622,000 2.73% 2018 – 2021 Unsecured $600 Million Term Loan (6) 600,000 600,000 2.78% 2019 Unsecured $300 Million Term Loan (7) 300,000 — 3.26% 2024 Net unamortized debt issuance costs (9,199 ) (12,159 ) Total Unsecured Credit Facility and term loans $ 1,575,801 $ 2,209,841 Total debt obligations, net $ 5,676,238 $ 5,838,889 (1) The stated interest rates are as of December 31, 2017 and do not include the impact of the Company’s interest rate swap agreements (described below). (2) 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 December 31, 2017 of approximately $1.7 billion . (3) The weighted average stated interest rate on the Company’s fixed rate secured loans was 6.16% as of December 31, 2017. (4) The weighted average stated interest rate on the Company’s unsecured notes was 3.81% as of December 31, 2017. (5) Effective November 1, 2016, the Company has in place an interest rate swap agreement that converts the variable interest rate on $185.0 million of a term loan under the Company’s senior unsecured credit facility agreement, as amended July 25, 2016, (the “Unsecured Credit Facility”) to a fixed interest rate of 0.82% (plus a spread of 135 bps) through July 31, 2018, and three interest rate swap agreements that convert the variable interest rate on a $500.0 million term loan under the Unsecured Credit Facility to a fixed, combined interest rate of 1.11% (plus a spread of 135 bps) through July 30, 2021. (6) Effective November 1, 2016, the Company has in place two interest rate swap agreements that convert the variable interest rate on $200.0 million of the Company’s $600 million term loan agreement, as amended July 25, 2016, (the “$600 Million Term Loan”) to a fixed, combined interest rate of 0.82% (plus a spread of 140 bps) through July 31, 2018, and three interest rate swap agreements that convert the variable interest rate on $400.0 million of the $600 Million Term Loan to a fixed, combined interest rate of 0.88% (plus a spread of 140 bps) through March 18, 2019. (7) Effective July 28, 2017, the Company has in place an interest rate swap agreement that converts the variable interest rate on $115.0 million of the $300 Million Term Loan (defined below) to a fixed, combined interest rate of 0.82% (plus a spread of 190 bps) through July 31, 2018. 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. In June 2017, the Operating Partnership issued $500.0 million aggregate principal amount of 3.65% Senior Notes due 2024 (the “2024 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 2024 Notes bear interest at a rate of 3.65% per annum, payable semi-annually on June 15 and December 15 of each year, commencing December 15, 2017. The 2024 Notes will mature on June 15, 2024. The 2024 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 2024 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 2024 Notes. If the 2024 Notes are redeemed on or after April 15, 2024 (two months prior to the maturity date), the redemption price will be equal to 100% of the principal amount of the 2024 Notes being redeemed plus accrued and unpaid interest thereon to, but not including, the redemption date. In July 2017, the Operating Partnership entered into a $300.0 million variable rate unsecured term loan facility (the “$300 Million Term Loan”). The $300 Million Term Loan has a seven -year term maturing on July 26, 2024, with no available extension options, and bears interest at a rate of LIBOR plus 190 basis points (based on the Operating Partnership’s current credit ratings). Proceeds from the $300 Million Term Loan were used to prepay $300.0 million of an unsecured term loan under the Company’s Unsecured Credit Facility maturing July 31, 2018. During the year ended December 31, 2017, the Company repaid at total of $815.0 million of unsecured term loan debt under the Company’s Unsecured Credit Facility and $389.1 million of secured loans, resulting in a $0.5 million gain on extinguishment of debt, net. These repayments were funded primarily with proceeds from the issuance of the 2027 Notes and 2024 Notes and the execution of the $300 Million Term Loan. In addition, during the year ended December 31, 2017, the Company repaid $122.0 million , net of borrowings on the Revolving Facility. 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 December 31, 2017. Debt Maturities As of December 31, 2017 and 2016, the Company had accrued interest of $35.9 million and $34.1 million outstanding, respectively. As of December 31, 2017, scheduled amortization and maturities of the Company’s outstanding debt obligations were as follows: Year ending December 31, 2018 $ 203,118 2019 618,679 2020 672,695 2021 686,225 2022 500,000 Thereafter 3,025,453 Total debt maturities 5,706,170 Net unamortized premiums and discounts 1,836 Net unamortized debt issuance costs (31,768 ) Total debt obligations, net $ 5,676,238 As of the date the financial statements were issued, the Company’s scheduled debt maturities for the next 12 months are comprised of an unsecured term loan under the Company’s Unsecured Credit Facility and a non-recourse secured loan. The Company has sufficient capacity under the Unsecured Credit Facility to satisfy these scheduled debt maturities. |
Fair Value Disclosures
Fair Value Disclosures | 12 Months Ended |
Dec. 31, 2017 | |
Fair Value Disclosures [Abstract] | |
Fair Value Disclosures | Fair Value Disclosures All financial instruments of the Company are reflected in the accompanying Consolidated Balance Sheets at amounts which, in management’s judgment, reasonably approximate their fair values, except those instruments listed below: December 31, 2017 December 31, 2016 Carrying Amounts Fair Value Carrying Amounts Fair Value Secured loans $ 917,945 $ 963,702 $ 1,337,094 $ 1,410,698 Notes payable 3,182,492 3,224,877 2,291,954 2,302,048 Unsecured Credit Facility and term loans 1,575,801 1,586,206 2,209,841 2,223,807 Total debt obligations, net $ 5,676,238 $ 5,774,785 $ 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, estimated property values, loan amounts and debt maturities. Based on these inputs, the Company has 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. Recurring Fair Value 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 is based primarily on publicly traded market values in active markets and is 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 December 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) $ 28,006 $ 725 $ 27,281 $ — Interest rate derivatives $ 24,420 $ — $ 24,420 $ — 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 December 31, 2017 and 2016, marketable securities included $0.2 million and $0.1 million of net unrealized losses, respectively. Non-Recurring Fair Value 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. 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 valuations of these properties are 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 December 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) $ 73,303 $ — $ — $ 73,303 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) $ 135 $ — $ — $ 135 (1) During the year ended December 31, 2017, the Company recognized $28.0 million of impairment based upon offers from third party buyers and $12.1 million of impairment based upon discounted cash flow analysis. 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 year ended December 31, 2017 include: (i) $7.8 million related to The Plaza at Salmon Run, (ii) $1.9 million related to Smith’s, (iii) $46.9 million related to The Manchester Collection, (iv) $2.4 million related to Fashion Square, and (v) $14.3 million related to Crossroads Centre. (3) The carrying value of a parcel at Country Hills Shopping Center was remeasured to fair value during the year ended December 31, 2016. |
Revenue Recognition
Revenue Recognition | 12 Months Ended |
Dec. 31, 2017 | |
Revenue Recognition [Abstract] | |
Revenue Recognition | Revenue Recognition Future minimum annual base rents as of December 31, 2017 to be received over the next five years pursuant to the terms of non-cancelable operating leases are included in the table below, assuming that no leases are renewed and no renewal options are exercised. Future minimum annual base rents also do not include payments which may be received under certain leases for percentage rent or the reimbursement of operating expenses such as real estate taxes, insurance and other common area expenses. Year ending December 31, 2018 $ 886,593 2019 778,828 2020 652,304 2021 531,335 2022 412,230 Thereafter 1,442,980 The Company recognized $7.1 million , $5.9 million and $3.6 million of rental income based on percentage rent for the years ended December 31, 2017, 2016 and 2015, respectively. As of December 31, 2017 and 2016, the estimated allowance associated with Company’s outstanding rent receivables, included in Receivables, net of allowance for doubtful accounts in the Company’s Consolidated Balance Sheets was $12.1 million and $13.2 million , respectively. In addition, as of December 31, 2017 and 2016, receivables associated with the effects of recognizing rental income on a straight-line basis were $113.9 million and $98.1 million , respectively net of the estimated allowance of $5.1 million and $3.5 million , respectively. |
Equity and Capital
Equity and Capital | 12 Months Ended |
Dec. 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 a result, $400.0 million of common stock remained available for issuance under the ATM as of December 31, 2017. The ATM is scheduled to expire on June 8, 2018, unless extended by the Parent Company and the sales agents. Share Repurchase Program On December 5, 2017, the Board of Directors authorized a share repurchase program for up to $400.0 million of the Company’s common stock. The program is scheduled to expire on December 5, 2019, unless extended by the Board of Directors. During the year ended December 31, 2017, the Company repurchased approximately 0.3 million shares of common stock under the program at an average price per share of $17.96 for a total of approximately $5.9 million . 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 years ended December 31, 2017 and 2016, the Company withheld 0.1 million shares. Dividends and Distributions Because Brixmor Property Group, Inc. is a holding company and has no material assets other than its ownership of BPG Sub and no material operations other than those conducted by BPG Sub, distributions are funded as follows: • first, the Operating Partnership makes distributions to those of its partners which are holders of OP Units, including BPG Sub. When the Operating Partnership makes such distributions, in addition to BPG Sub and its wholly owned subsidiaries, the other partners of the Operating Partnership are also entitled to receive equivalent distributions on their partnership interests in the Operating Partnership on a pro rata basis; • second, BPG Sub distributes to Brixmor Property Group Inc. its share of such distributions; and • third, Brixmor Property Group Inc. distributes the amount authorized by its Board of Directors and declared by Brixmor Property Group Inc. to its common stockholders on a pro rata basis. During the years ended December 31, 2017, 2016 and 2015, the Company declared common stock dividends and OP Unit distributions of $1.055 per share/unit, $0.995 per share/unit and $0.92 per share/unit, respectively. As of December 31, 2017 and December 31, 2016, the Company had declared but unpaid common stock dividends and OP Unit distributions of $85.6 million and $80.6 million , respectively. These amounts are included in Accounts payable, accrued expenses and other liabilities on the Company’s Consolidated Balance Sheets. Non-controlling interests As of December 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. During the years ended December 31, 2017 and 2016, the Company exchanged 0.4 million shares and 4.8 million shares, respectively, of the Company’s common stock for an equal number of outstanding OP Units held by Blackstone and certain members of the Parent Company’s current and former management. During the years ended December 31, 2016, and 2015, Blackstone completed multiple secondary offerings of the Parent Company’s common stock. In connection with these offerings, during the years ended December 31, 2016, and 2015, the Company incurred $0.9 million and $0.5 million , respectively, of expenses which are included in Other on the Company’s Consolidated Statements of Operations. Preferred Stock During the year ended December 31, 2017, the Company redeemed all 125 shares of BPG Sub Series A Redeemable Preferred Stock for the stated liquidation preference of $10,000 per share plus accrued but unpaid dividends. |
Stock Based Compensation
Stock Based Compensation | 12 Months Ended |
Dec. 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 years ended December 31, 2017 and 2016, the Company granted RSUs to certain employees. During the year ended December 31, 2015, the Company granted RSUs to certain employees, or at the election of certain employees, long-term incentive plan units (“LTIP Units”) in the Operating Partnership. The RSUs and LTIP Units are divided into multiple tranches, with each tranche subject to separate performance-based, market-based and service-based vesting conditions. Each award contains a threshold, target, and maximum number of units in respect of 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 and LTIP Units granted, assuming that the target level of performance is achieved, was 0.6 million , 0.8 million and 0.7 million for the years ended December 31, 2017, 2016 and 2015, respectively, with vesting periods ranging from one to five years. For the performance-based and service-based RSUs and LTIP Units granted under the Plan, fair value is based on the Company grant date stock price. For the market-based RSUs and LTIP Units granted during the years ended December 31, 2017 and 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 based on 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 1.2% to 1.41% and 1.0% , respectively; and (iii) the Company’s weighted average common stock dividend yield of 4.0% to 4.6% and 3.8% , respectively. Information with respect to RSUs and LTIP Units for the years ended December 31, 2017, 2016 and 2015 are as follows (in thousands): Restricted Shares Aggregate Intrinsic Value Outstanding, December 31, 2014 1,821 $ 29,641 Vested (1,341 ) (19,828 ) Granted 735 16,766 Forfeited (43 ) (930 ) Outstanding, December 31, 2015 1,172 25,649 Vested (519 ) (12,550 ) Granted 881 18,842 Forfeited (519 ) (8,861 ) Outstanding, December 31, 2016 1,015 23,080 Vested (343 ) (7,614 ) Granted 633 12,762 Forfeited (69 ) (1,254 ) Outstanding, December 31, 2017 1,236 $ 26,974 During the year ended December 31, 2017 the Company recognized $10.5 million of equity compensation expense. During the year ended December 31, 2016, the Company recognized $11.6 million of equity compensation expense, which included the reversal of $2.6 million of previously recognized expense as a result of forfeitures and the acceleration of $2.7 million of expense associated with the issuance of shares, both in connection with the separation of certain Company executives. During the year ended December 31, 2015, the Company recognized $23.3 million of equity compensation expense, which included $9.9 million of expense associated with the vesting of awards issued prior to the IPO as a result of it becoming probable that the Company’s pre-IPO owners would receive a 15% internal rate of return on their investment. These amounts are included in General and administrative expense in the Company’s Consolidated Statements of Operations. As of December 31, 2017, the Company had $11.0 million of total unrecognized compensation expense related to unvested stock compensation expected to be recognized over a weighted average period of approximately 2.1 years. |
Earnings Per Share
Earnings Per Share | 12 Months Ended |
Dec. 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 years ended December 31, 2017, 2016 and 2015: Year Ended December 31, 2017 2016 2015 Computation of Basic Earnings Per Share: Net income $ 300,369 $ 278,142 $ 197,536 Net income attributable to non-controlling interests (76 ) (2,514 ) (3,816 ) Non-forfeitable dividends on unvested restricted shares (37 ) (40 ) (23 ) Preferred stock dividends (39 ) (150 ) (150 ) Net income attributable to the Company’s common stockholders for basic earnings per share $ 300,217 $ 275,438 $ 193,547 Weighted average number shares outstanding – basic 304,834 301,601 298,004 Basic Earnings Per Share Attributable to the Company’s Common Stockholders: Net income $ 0.98 $ 0.91 $ 0.65 Computation of Diluted Earnings Per Share: Net income attributable to the Company’s common stockholders for basic earnings per share $ 300,217 $ 275,438 $ 193,547 Allocation of net income to dilutive convertible non-controlling interests 76 2,514 3,816 Net income attributable to the Company’s common stockholders for diluted earnings per share $ 300,293 $ 277,952 $ 197,363 Weighted average shares outstanding – basic 304,834 301,601 298,004 Effect of dilutive securities: Conversion of OP Units 79 3,000 5,988 Equity awards 368 459 1,025 Weighted average shares outstanding – diluted 305,281 305,060 305,017 Diluted Earnings Per Share Attributable to the Company’s Common Stockholders: Net income $ 0.98 $ 0.91 $ 0.65 |
Earnings per Unit
Earnings per Unit | 12 Months Ended |
Dec. 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 years ended December 31, 2017, 2016 and 2015: Year Ended December 31, 2017 2016 2015 Computation of Basic Earnings Per Share: Net income $ 300,369 $ 278,142 $ 197,536 Net income attributable to non-controlling interests (76 ) (2,514 ) (3,816 ) Non-forfeitable dividends on unvested restricted shares (37 ) (40 ) (23 ) Preferred stock dividends (39 ) (150 ) (150 ) Net income attributable to the Company’s common stockholders for basic earnings per share $ 300,217 $ 275,438 $ 193,547 Weighted average number shares outstanding – basic 304,834 301,601 298,004 Basic Earnings Per Share Attributable to the Company’s Common Stockholders: Net income $ 0.98 $ 0.91 $ 0.65 Computation of Diluted Earnings Per Share: Net income attributable to the Company’s common stockholders for basic earnings per share $ 300,217 $ 275,438 $ 193,547 Allocation of net income to dilutive convertible non-controlling interests 76 2,514 3,816 Net income attributable to the Company’s common stockholders for diluted earnings per share $ 300,293 $ 277,952 $ 197,363 Weighted average shares outstanding – basic 304,834 301,601 298,004 Effect of dilutive securities: Conversion of OP Units 79 3,000 5,988 Equity awards 368 459 1,025 Weighted average shares outstanding – diluted 305,281 305,060 305,017 Diluted Earnings Per Share Attributable to the Company’s Common Stockholders: Net income $ 0.98 $ 0.91 $ 0.65 |
Brixmor Operating Partnership LP | |
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 unitholders, 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 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 years ended December 31, 2017, 2016 and 2015: Year Ended December 31, 2017 2016 2015 Computation of Basic Earnings Per Unit: Net income attributable to Brixmor Operating Partnership LP $ 300,369 $ 278,142 $ 197,536 Non-forfeitable dividends on unvested restricted units (37 ) (40 ) (23 ) Net income attributable to the Operating Partnership’s common units for basic earnings per unit $ 300,332 $ 278,102 $ 197,513 Weighted average number common units outstanding – basic 304,913 304,600 303,992 Basic Earnings Per Unit Attributable to the Operating Partnership’s Common Units: Net income $ 0.98 $ 0.91 $ 0.65 Computation of Diluted Earnings Per Unit: Net income attributable to the Operating Partnership’s common units for diluted earnings per unit $ 300,332 $ 278,102 $ 197,513 Weighted average common units outstanding – basic 304,913 304,600 303,992 Effect of dilutive securities: Equity awards 368 459 1,025 Weighted average common units outstanding – diluted 305,281 305,059 305,017 Diluted Earnings Per Unit Attributable to the Operating Partnership’s Common Units: Net income $ 0.98 $ 0.91 $ 0.65 |
Commitments and Contingencies
Commitments and Contingencies | 12 Months Ended |
Dec. 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 these matters to the SEC. As a result, the SEC and the United States Attorney’s Office for the Southern District of New York are conducting investigations of certain aspects of the Company’s financial reporting and accounting for prior periods and the Company is cooperating fully. On December 13, 2017, the United States District Court for the Southern District of New York granted final approval of the settlement of the previously disclosed putative securities class action complaint filed in March 2016 by the Westchester Putnam Counties Heavy & Highway Laborers Local 60 Benefit Funds related to the review conducted by the Audit Committee of the Company. Pursuant to the approved settlement, without any admission of liability, the Company will pay $28 million to settle the claims. This amount is within the coverage amount of the Company’s applicable insurance policies. The settlement provides for the release of, among others, the Company, its subsidiaries, and their respective current and former officers, directors and employees from the claims that were or could have been asserted in the class action litigation. Certain institutional investors elected to opt out of the settlement and will not be bound by the release or receive any settlement proceeds. The Company expects that the resolution of any future related claims asserted by such opt-outs will also be within the coverage amount of the Company’s applicable insurance policies. Based on current information, the Company accrued $28.0 million as of December 31, 2017 with respect to the settlement agreement. This amount is included in Accounts payable, accrued expenses and other liabilities in the Company’s Consolidated Balance Sheets. Because the settlement amount is within the coverage amount of the Company’s applicable insurance policies, the Company accrued a receivable of $28.0 million as of December 31, 2017. This amount is included in Accounts receivable, net in the Company’s Consolidated Balance Sheets. 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 the years ended December 31, 2017, 2016 and 2015, the Company recognized rent expense associated with these leases of $7.5 million , $8.3 million and $9.4 million , respectively. Minimum annual rental commitments associated with these leases during the next five years and thereafter are as follows: Year ending December 31, 2018 $ 7,092 2019 7,010 2020 7,027 2021 7,231 2022 7,215 Thereafter 71,860 Total minimum annual rental commitments $ 107,435 Insurance captive The Company has a wholly owned captive insurance company, Brixmor Incap, LLC (“Incap”). Incap underwrites the first layer of general liability insurance programs for the Company’s Portfolio. The Company formed Incap as part of its overall risk management program and to stabilize insurance costs, manage exposure and recoup expenses through the functions of the captive program. The Company has capitalized Incap in accordance with the applicable regulatory requirements. Incap established annual premiums based on projections derived from the past loss experience of the Company’s properties. An actuarial analysis is performed to estimate future projected claims, related deductibles and projected expenses necessary to fund associated risk management programs. Premiums paid to Incap may be adjusted based on this estimate and may be reimbursed by tenants pursuant to specific lease terms. Activity in the reserve for losses for the years ended December 31, 2017 and 2016 is summarized as follows (in thousands): Year End December 31, 2017 2016 Balance at the beginning of the year $ 15,045 $ 14,393 Incurred related to: Current year 4,205 4,625 Prior years (3,157 ) (828 ) Total incurred 1,048 3,797 Paid related to: Current year (299 ) (171 ) Prior years (2,499 ) (2,974 ) Total paid (2,798 ) (3,145 ) Balance at the end of the year $ 13,295 $ 15,045 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. |
Income Taxes
Income Taxes | 12 Months Ended |
Dec. 31, 2017 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | Income Taxes The Parent Company has elected to qualify as a REIT in accordance with 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 U.S. federal income tax, provided that distributions to its stockholders equal at least the amount of its REIT taxable income as defined under the Code. The Parent Company conducts substantially all of its operations through the Operating Partnership which is organized as a limited partnership and treated as a pass-through entity for U.S. federal tax purposes. Therefore, U.S. federal income taxes on our taxable income do not materially impact the Consolidated Financial Statements of the Company. If the Parent Company fails to qualify as a REIT in any taxable year, it will be subject to U.S. federal taxes at regular corporate rates (including any applicable alternative minimum tax for tax years beginning after December 31, 2017) and may not be able to qualify as a REIT for four subsequent taxable years. Even if the Parent Company qualifies for taxation as a REIT, the Company is subject to certain state and local taxes on its income and property, and to U.S. federal income and excise taxes on its undistributed taxable income. In addition, taxable income from non-REIT activities managed through a TRS are subject to U.S. federal, state and local income taxes. The Company incurred income and non-income taxes of $2.4 million , $3.3 million and $4.1 million for the years ended December 31, 2017, 2016 and 2015. In addition, during the year ended December 31, 2015, the Company recognized $4.7 million of income related to net adjustments to pre-IPO tax reserves and receivables. These amounts are included in Other on the Company’s Consolidated Statements of Operations. |
Related-Party Transactions
Related-Party Transactions | 12 Months Ended |
Dec. 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 in relation to the leasing and management of its and/or its related parties’ real estate assets. Pursuant to the employment agreement dated April 12, 2016 between the Company and James M. Taylor, the Company’s chief executive officer, the Company was contingently obligated to purchase Mr. Taylor’s former residence for an amount equal to the appraised value of the residence as of a date within 120 days of the execution of the employment agreement. Based upon the contingency being triggered in May 2017, the Company purchased the residence on July 5, 2017 for the appraised value of $4.4 million . The Company intends to sell the residence. Based on an August 2017 appraisal, the value of the residence was $3.9 million . As of December 31, 2017 and 2016, there were no material receivables from or payables to related parties. |
Retirement Plan
Retirement Plan | 12 Months Ended |
Dec. 31, 2017 | |
Retirement Benefits [Abstract] | |
Retirement Plan | Retirement Plan The Company has a Retirement and 401(k) Savings Plan (the “Savings Plan”) covering officers and employees of the Company. Participants in the Savings Plan may elect to contribute a portion of their earnings to the Savings Plan and the Company makes a matching contribution to the Savings Plan to a maximum of 3% of the employee’s eligible compensation. For the years ended December 31, 2017, 2016 and 2015, the Company’s expense for the Savings Plan was approximately $1.2 million , $1.2 million and $1.2 million , respectively. These amounts are included in General and administrative in the Company’s Consolidated Statements of Operations. |
Supplemental Financial Informat
Supplemental Financial Information | 12 Months Ended |
Dec. 31, 2017 | |
Quarterly Financial Information Disclosure [Abstract] | |
Supplemental Financial Information | Supplemental Financial Information (unaudited) The following table summarizes selected Quarterly Financial Data for the Company on a historical basis for the years ended December 31, 2017 and 2016 and has been derived from the accompanying consolidated financial statements (in thousands except per share and per unit data): Brixmor Property Group Inc. First Quarter Second Quarter Third Quarter Fourth Quarter Year Ended December 31, 2017 Total revenues $ 325,806 $ 322,818 $ 314,496 $ 320,060 Net income attributable to common stockholders $ 71,579 $ 75,399 $ 83,380 $ 69,896 Net income attributable to common stockholders per share: Basic (1) $ 0.23 $ 0.25 $ 0.27 $ 0.23 Diluted (1) $ 0.23 $ 0.25 $ 0.27 $ 0.23 Year Ended December 31, 2016 Total revenues $ 323,104 $ 310,057 $ 318,577 $ 324,034 Net income attributable to common stockholders $ 60,477 $ 64,456 $ 57,492 $ 93,053 Net income attributable to common stockholders per share: Basic (1) $ 0.20 $ 0.21 $ 0.19 $ 0.31 Diluted (1) $ 0.20 $ 0.21 $ 0.19 $ 0.31 (1) The sum of the quarterly Basic and Diluted earnings per share may not equal the Basic and Diluted earnings per share for the years ended December 31, 2017 and 2016 due to rounding. Brixmor Operating Partnership LP First Quarter Second Quarter Third Quarter Fourth Quarter Year Ended December 31, 2017 Total revenues $ 325,806 $ 322,818 $ 314,496 $ 320,060 Net income attributable to partnership common units $ 71,655 $ 75,438 $ 83,380 $ 69,896 Net income attributable to common unitholders per unit: Basic (1) $ 0.23 $ 0.25 $ 0.27 $ 0.23 Diluted (1) $ 0.23 $ 0.25 $ 0.27 $ 0.23 Year Ended December 31, 2016 Total revenues $ 323,104 $ 310,057 $ 318,577 $ 324,034 Net income attributable to partnership common units $ 61,549 $ 65,470 $ 57,805 $ 93,318 Net income attributable to common unitholders per unit: Basic (1) $ 0.20 $ 0.21 $ 0.19 $ 0.31 Diluted (1) $ 0.20 $ 0.21 $ 0.19 $ 0.31 (1) The sum of the quarterly Basic and Diluted earnings per share may not equal the Basic and Diluted earnings per share for the years ended December 31, 2017 and 2016 due to rounding. |
Subsequent Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2017 | |
Subsequent Events [Abstract] | |
Subsequent Events | Subsequent Events In preparing the Consolidated Financial Statements, the Company has evaluated events and transactions occurring after December 31, 2017 for recognition or disclosure purposes. Based on this evaluation, there were no subsequent events from December 31, 2017 through the date the financial statements were issued. |
Schedule II - Valuation and Qua
Schedule II - Valuation and Qualifying Accounts | 12 Months Ended |
Dec. 31, 2017 | |
Valuation and Qualifying Accounts [Abstract] | |
Schedule II - Valuation and Qualifying Accounts | SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS (in thousands) Additions Deductions Balance at Beginning of Period Charged / (Credited) to Accounts Receivable Balance at Allowance for doubtful accounts: Year ended December 31, 2017 $ 16,756 $ 5,323 $ (4,874 ) $ 17,205 Year ended December 31, 2016 $ 16,587 $ 9,182 $ (9,013 ) $ 16,756 Year ended December 31, 2015 $ 14,070 $ 9,540 $ (7,023 ) $ 16,587 |
Schedule III - Real Estate and
Schedule III - Real Estate and Accumulated Depreciation | 12 Months Ended |
Dec. 31, 2017 | |
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract] | |
Schedule III - Real Estate and Accumulated Depreciation | SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION (in thousands) Subsequent to Acquisition Gross Amount at Which Carried Life on Which Depreciated - Latest Income Statement Initial Cost to Company at the Close of the Period Description Encumbrances Land Building & Improvements Land Building & Improvements Total Accumulated Depreciation Year Constructed (1) Date Acquired Winchester Plaza Huntsville, AL $ — $ 2,634 $ 12,105 $ 434 $ 2,634 $ 12,539 $ 15,173 $ (2,105 ) 2006 Oct-13 40 years Springdale Mobile, AL — 7,460 33,085 4,452 7,460 37,537 44,997 (12,155 ) 2004 Jun-11 40 years Payton Park Sylacauga, AL (9,372 ) 1,830 14,335 435 1,830 14,770 16,600 (5,222 ) 1995 Jun-11 40 years Glendale Galleria Glendale, AZ — 4,070 6,894 9,127 4,070 16,021 20,091 (2,608 ) 1991 Jun-11 40 years Northmall Centre Tucson, AZ — 3,140 17,966 1,816 3,140 19,782 22,922 (5,173 ) 1996 Jun-11 40 years Applegate Ranch Shopping Center Atwater, CA — 4,033 25,510 1,519 4,033 27,029 31,062 (5,790 ) 2006 Oct-13 40 years Bakersfield Plaza Bakersfield, CA — 4,000 24,929 10,482 4,502 34,909 39,411 (9,950 ) 1970 Jun-11 40 years Carmen Plaza Camarillo, CA — 5,410 19,522 952 5,410 20,474 25,884 (5,900 ) 2000 Jun-11 40 years Plaza Rio Vista Cathedral, CA — 2,465 12,575 100 2,465 12,675 15,140 (2,218 ) 2005 Oct-13 40 years Clovis Commons Clovis, CA — 12,943 38,688 1,120 12,943 39,808 52,751 (8,961 ) 2004 Oct-13 40 years Cudahy Plaza Cudahy, CA — 4,490 13,111 1,384 4,778 14,207 18,985 (3,597 ) 1994 Jun-11 40 years University Mall Davis, CA — 4,270 18,056 1,502 4,270 19,558 23,828 (5,238 ) 1964 Jun-11 40 years Felicita Plaza Escondido, CA — 4,280 12,434 947 4,280 13,381 17,661 (3,690 ) 2001 Jun-11 40 years Felicita Town Center Escondido, CA — 11,231 31,381 214 11,231 31,595 42,826 (1,888 ) 1987 Dec-16 40 years Arbor - Broadway Faire Fresno, CA (9,540 ) 5,940 33,885 2,295 5,940 36,180 42,120 (10,208 ) 1995 Jun-11 40 years Lompoc Center Lompoc, CA — 4,670 15,965 1,975 4,670 17,940 22,610 (6,893 ) 1960 Jun-11 40 years Briggsmore Plaza Modesto, CA — 2,140 11,224 2,787 2,140 14,011 16,151 (3,628 ) 1998 Jun-11 40 years Montebello Plaza Montebello, CA — 13,360 32,554 6,943 13,360 39,497 52,857 (11,197 ) 1974 Jun-11 40 years California Oaks Center Murrieta, CA — 5,180 13,666 5,605 5,180 19,271 24,451 (3,399 ) 1990 Jun-11 40 years Esplanade Shopping Center Oxnard, CA — 6,630 60,377 15,922 16,229 66,700 82,929 (15,495 ) 2002 Jun-11 40 years Pacoima Center Pacoima, CA — 7,050 15,932 672 7,050 16,604 23,654 (6,530 ) 1995 Jun-11 40 years Paradise Plaza Paradise, CA — 1,820 8,711 933 1,820 9,644 11,464 (3,670 ) 1997 Jun-11 40 years Metro 580 Pleasanton, CA — 10,500 19,243 1,661 10,500 20,904 31,404 (5,815 ) 1996 Jun-11 40 years Rose Pavilion Pleasanton, CA — 19,619 60,325 8,494 19,619 68,819 88,438 (13,159 ) 2018 Jun-11 40 years Puente Hills Town Center Rowland Heights, CA — 15,670 39,159 3,930 15,670 43,089 58,759 (10,039 ) 1984 Jun-11 40 years San Bernardino Center San Bernardino, CA — 2,510 9,537 191 2,510 9,728 12,238 (4,979 ) 2003 Jun-11 40 years Ocean View Plaza San Clemente, CA — 15,750 29,826 1,527 15,750 31,353 47,103 (7,773 ) 1990 Jun-11 40 years Plaza By The Sea San Clemente, CA — 9,607 5,461 44 9,607 5,505 15,112 (32 ) 1976 Dec-17 40 years Village at Mira Mesa San Diego, CA — 14,870 70,974 5,480 14,870 76,454 91,324 (16,213 ) 2018 Jun-11 40 years San Dimas Plaza San Dimas, CA — 11,490 20,570 7,505 15,100 24,465 39,565 (5,477 ) 1986 Jun-11 40 years Bristol Plaza Santa Ana, CA — 9,110 21,169 2,975 9,722 23,532 33,254 (5,664 ) 2003 Jun-11 40 years Gateway Plaza Santa Fe Springs, CA — 9,980 30,135 1,185 9,980 31,320 41,300 (8,612 ) 2002 Jun-11 40 years Santa Paula Center Santa Paula, CA — 3,520 17,896 1,071 3,520 18,967 22,487 (6,229 ) 1995 Jun-11 40 years Vail Ranch Center Temecula, CA — 3,750 22,137 1,553 3,750 23,690 27,440 (6,883 ) 2003 Jun-11 40 years Country Hills Shopping Center Torrance, CA — 3,630 8,683 (217 ) 3,630 8,466 12,096 (2,031 ) 1977 Jun-11 40 years Upland Town Square Upland, CA — 9,051 23,171 33 9,051 23,204 32,255 (230 ) 1994 Nov-17 40 years Gateway Plaza - Vallejo Vallejo, CA — 11,880 72,127 17,706 12,946 88,767 101,713 (21,694 ) 2018 Jun-11 40 years Arvada Plaza Arvada, CO — 1,160 7,378 430 1,160 7,808 8,968 (3,360 ) 1994 Jun-11 40 years Arapahoe Crossings Aurora, CO — 13,676 54,851 8,687 13,676 63,538 77,214 (11,776 ) 1996 Jul-13 40 years Aurora Plaza Aurora, CO — 3,910 9,146 1,735 3,910 10,881 14,791 (5,235 ) 1996 Jun-11 40 years Villa Monaco Denver, CO — 3,090 6,282 3,357 3,090 9,639 12,729 (2,258 ) 1978 Jun-11 40 years Superior Marketplace Superior, CO (16,387 ) 7,090 35,654 3,838 7,090 39,492 46,582 (9,773 ) 1997 Jun-11 40 years Westminster City Center Westminster, CO — 6,040 42,944 9,468 6,040 52,412 58,452 (12,215 ) 1996 Jun-11 40 years Freshwater - Stateline Plaza Enfield, CT — 3,350 30,149 1,662 3,350 31,811 35,161 (9,455 ) 2004 Jun-11 40 years The Shoppes at Fox Run Glastonbury, CT — 3,550 22,693 2,986 3,600 25,629 29,229 (6,488 ) 1974 Jun-11 40 years Groton Square Groton, CT — 2,730 28,034 1,552 2,730 29,586 32,316 (8,342 ) 1987 Jun-11 40 years Parkway Plaza Hamden, CT — 4,100 7,709 137 4,100 7,846 11,946 (2,555 ) 2006 Jun-11 40 years The Manchester Collection Manchester, CT — 9,180 51,850 (3,900 ) 9,180 47,950 57,130 (12,283 ) 2001 Jun-11 40 years Chamberlain Plaza Meriden, CT (2,981 ) 1,260 4,480 774 1,260 5,254 6,514 (1,919 ) 2004 Jun-11 40 years Turnpike Plaza Newington, CT — 3,920 23,847 20 3,920 23,867 27,787 (6,849 ) 2004 Jun-11 40 years North Haven Crossing North Haven, CT (9,948 ) 5,430 15,959 1,459 5,430 17,418 22,848 (4,461 ) 1993 Jun-11 40 years Christmas Tree Plaza Orange, CT (569 ) 4,870 14,844 925 4,870 15,769 20,639 (4,836 ) 1996 Jun-11 40 years Subsequent to Acquisition Gross Amount at Which Carried Life on Which Depreciated - Latest Income Statement Initial Cost to Company at the Close of the Period Description Encumbrances Land Building & Improvements Land Building & Improvements Total Accumulated Depreciation Year Constructed (1) Date Acquired Stratford Square Stratford, CT — 5,970 11,758 6,865 5,970 18,623 24,593 (3,948 ) 1984 Jun-11 40 years Torrington Plaza Torrington, CT — 2,180 12,967 3,284 2,180 16,251 18,431 (4,184 ) 1994 Jun-11 40 years Waterbury Plaza Waterbury, CT (15,554 ) 5,030 17,366 1,650 5,030 19,016 24,046 (6,074 ) 2000 Jun-11 40 years Waterford Commons Waterford, CT (23,979 ) 4,990 45,070 4,089 4,990 49,159 54,149 (12,947 ) 2004 Jun-11 40 years North Dover Center Dover, DE — 3,100 19,938 2,062 3,100 22,000 25,100 (6,571 ) 1989 Jun-11 40 years Brooksville Square Brooksville, FL — 4,140 12,095 2,119 4,140 14,214 18,354 (4,558 ) 1987 Jun-11 40 years Coastal Way - Coastal Landing Brooksville, FL (26,831 ) 8,840 33,020 4,181 8,840 37,201 46,041 (11,148 ) 2008 Jun-11 40 years Midpoint Center Cape Coral, FL — 4,251 13,184 131 4,251 13,315 17,566 (2,611 ) 2002 Oct-13 40 years Clearwater Mall Clearwater, FL (46,906 ) 15,300 53,002 2,528 15,300 55,530 70,830 (12,494 ) 1973 Jun-11 40 years Coconut Creek Plaza Coconut Creek, FL (10,190 ) 7,400 24,799 3,858 7,400 28,657 36,057 (6,522 ) 2005 Jun-11 40 years Century Plaza Shopping Center Deerfield Beach, FL — 3,050 8,043 1,420 3,050 9,463 12,513 (2,647 ) 2006 Jun-11 40 years Northgate Shopping Center DeLand, FL — 3,500 10,902 1,128 3,500 12,030 15,530 (4,047 ) 1993 Jun-11 40 years Sun Plaza Ft. Walton Beach, FL — 4,480 12,629 517 4,480 13,146 17,626 (4,681 ) 2004 Jun-11 40 years Normandy Square Jacksonville, FL — 1,930 5,384 698 1,930 6,082 8,012 (2,458 ) 1996 Jun-11 40 years Regency Park Shopping Center Jacksonville, FL (11,646 ) 6,240 14,222 1,116 6,240 15,338 21,578 (4,614 ) 1985 Jun-11 40 years The Shoppes at Southside Jacksonville, FL — 6,720 18,597 125 6,720 18,722 25,442 (5,017 ) 2004 Jun-11 40 years Ventura Downs Kissimmee, FL (3,967 ) 3,580 8,130 296 3,580 8,426 12,006 (2,660 ) 2018 Jun-11 40 years Marketplace at Wycliffe Lake Worth, FL — 7,930 13,500 1,612 7,930 15,112 23,042 (2,925 ) 2002 Jun-11 40 years Venetian Isle Shopping Ctr Lighthouse Point, FL — 8,270 14,805 1,553 8,270 16,358 24,628 (4,548 ) 1992 Jun-11 40 years Marco Town Center Marco Island, FL — 7,235 26,539 604 7,235 27,143 34,378 (4,533 ) 1998 Oct-13 40 years Mall at 163rd Street Miami, FL — 9,450 34,892 2,955 9,450 37,847 47,297 (9,094 ) 2007 Jun-11 40 years Miami Gardens Miami, FL — 8,876 17,567 608 8,876 18,175 27,051 (6,717 ) 1996 Jun-11 40 years Freedom Square Naples, FL — 4,735 15,116 1,004 4,735 16,120 20,855 (5,191 ) 1995 Jun-11 40 years Naples Plaza Naples, FL — 9,200 20,513 10,038 9,200 30,551 39,751 (7,641 ) 2013 Jun-11 40 years Park Shore Plaza Naples, FL — 4,750 13,821 18,782 7,245 30,108 37,353 (4,956 ) 2018 Jun-11 40 years Chelsea Place New Port Richey, FL — 3,303 9,821 419 3,303 10,240 13,543 (2,456 ) 1992 Oct-13 40 years Southgate Center New Port Richey, FL — 6,730 14,286 4,056 6,730 18,342 25,072 (5,503 ) 1966 Jun-11 40 years Presidential Plaza West North Lauderdale, FL — 2,070 5,430 562 2,070 5,992 8,062 (1,437 ) 2006 Jun-11 40 years Fashion Square Orange Park, FL — 1,770 3,557 (1,679 ) 1,770 1,878 3,648 (1,302 ) 1996 Jun-11 40 years Colonial Marketplace Orlando, FL (14,236 ) 4,230 19,813 2,562 4,230 22,375 26,605 (5,674 ) 1986 Jun-11 40 years Conway Crossing Orlando, FL — 3,163 12,181 782 3,163 12,963 16,126 (2,710 ) 2002 Oct-13 40 years Hunter's Creek Plaza Orlando, FL — 3,589 5,891 894 3,589 6,785 10,374 (1,320 ) 1998 Oct-13 40 years Pointe Orlando Orlando, FL — 6,120 55,051 24,283 6,120 79,334 85,454 (17,100 ) 1997 Jun-11 40 years Martin Downs Town Center Palm City, FL — 1,660 9,749 147 1,660 9,896 11,556 (1,609 ) 1996 Oct-13 40 years Martin Downs Village Center Palm City, FL — 5,319 28,399 1,456 5,319 29,855 35,174 (5,367 ) 1987 Jun-11 40 years 23rd Street Station Panama City, FL (5,092 ) 3,120 9,016 1,017 3,120 10,033 13,153 (2,729 ) 1995 Jun-11 40 years Panama City Square Panama City, FL — 5,690 14,874 3,144 5,690 18,018 23,708 (4,760 ) 1989 Jun-11 40 years Pensacola Square Pensacola, FL — 2,630 9,716 1,624 2,630 11,340 13,970 (3,866 ) 1995 Jun-11 40 years East Port Plaza Port St. Lucie, FL — 4,099 22,325 283 4,099 22,608 26,707 (4,529 ) 1991 Oct-13 40 years Shoppes of Victoria Square Port St. Lucie, FL — 3,450 6,242 667 3,450 6,909 10,359 (2,231 ) 1990 Jun-11 40 years Lake St. Charles Riverview, FL — 2,801 6,909 67 2,801 6,976 9,777 (1,180 ) 1999 Oct-13 40 years Cobblestone Village Royal Palm Beach, FL — 2,700 4,974 597 2,700 5,571 8,271 (1,142 ) 2005 Jun-11 40 years Beneva Village Shoppes Sarasota, FL — 3,489 17,369 1,648 3,489 19,017 22,506 (3,581 ) 2018 Oct-13 40 years Sarasota Village Sarasota, FL — 5,190 12,476 3,598 5,190 16,074 21,264 (3,978 ) 1972 Jun-11 40 years Atlantic Plaza Satellite Beach, FL (5,378 ) 2,630 10,959 1,007 2,630 11,966 14,596 (3,001 ) 2008 Jun-11 40 years Seminole Plaza Seminole, FL (4,243 ) 3,870 7,934 2,083 3,870 10,017 13,887 (1,814 ) 1964 Jun-11 40 years Cobblestone Village St. Augustine, FL (25,918 ) 7,710 33,352 2,511 7,710 35,863 43,573 (9,177 ) 2003 Jun-11 40 years Dolphin Village St. Pete Beach, FL — 9,882 15,835 848 9,882 16,683 26,565 (3,280 ) 1990 Oct-13 40 years Bay Pointe Plaza St. Petersburg, FL — 4,025 11,745 7,939 4,025 19,684 23,709 (2,159 ) 2016 Oct-13 40 years Rutland Plaza St. Petersburg, FL (6,682 ) 3,880 8,143 982 3,880 9,125 13,005 (2,888 ) 2002 Jun-11 40 years Skyway Plaza St. Petersburg, FL — 2,200 7,178 84 2,200 7,262 9,462 (2,817 ) 2002 Jun-11 40 years Tyrone Gardens St. Petersburg, FL — 5,690 9,807 1,422 5,690 11,229 16,919 (3,704 ) 1998 Jun-11 40 years Downtown Publix Stuart, FL (10,684 ) 1,770 12,630 986 1,770 13,616 15,386 (3,421 ) 2000 Jun-11 40 years Sunrise Town Center Sunrise, FL — 7,856 9,601 679 7,856 10,280 18,136 (3,605 ) 1989 Oct-13 40 years Subsequent to Acquisition Gross Amount at Which Carried Life on Which Depreciated - Latest Income Statement Initial Cost to Company at the Close of the Period Description Encumbrances Land Building & Improvements Land Building & Improvements Total Accumulated Depreciation Year Constructed (1) Date Acquired Carrollwood Center Tampa, FL — 3,749 14,818 851 3,749 15,669 19,418 (3,550 ) 2002 Oct-13 40 years Ross Plaza Tampa, FL — 2,808 11,847 688 2,808 12,535 15,343 (2,586 ) 1996 Oct-13 40 years Shoppes at Tarpon Tarpon Springs, FL — 7,800 13,765 3,792 7,800 17,557 25,357 (5,194 ) 2003 Jun-11 40 years Venice Plaza Venice, FL — 3,245 14,504 359 3,245 14,863 18,108 (2,194 ) 1999 Oct-13 40 years Venice Shopping Center Venice, FL — 2,555 6,847 461 2,555 7,308 9,863 (1,535 ) 2000 Oct-13 40 years Venice Village Shoppes Venice, FL — 7,157 26,773 48 7,157 26,821 33,978 (283 ) 1989 Nov-17 40 years Governors Towne Square Acworth, GA — 2,605 14,037 126 2,605 14,163 16,768 (2,521 ) 2005 Oct-13 40 years Albany Plaza Albany, GA (2,738 ) 1,840 3,072 286 1,840 3,358 5,198 (1,055 ) 1995 Jun-11 40 years Mansell Crossing Alpharetta, GA — 19,840 33,230 5,764 19,840 38,994 58,834 (10,059 ) 1993 Jun-11 40 years Perlis Plaza Americus, GA — 1,170 4,743 704 1,170 5,447 6,617 (2,071 ) 1972 Jun-11 40 years Northeast Plaza Atlanta, GA (19,493 ) 6,907 37,718 1,518 6,907 39,236 46,143 (9,901 ) 1952 Jun-11 40 years Augusta West Plaza Augusta, GA (3,219 ) 1,070 8,208 538 1,070 8,746 9,816 (4,094 ) 2006 Jun-11 40 years Sweetwater Village Austell, GA — 1,080 3,052 796 1,080 3,848 4,928 (1,344 ) 1985 Jun-11 40 years Vineyards at Chateau Elan Braselton, GA — 2,202 14,512 461 2,202 14,973 17,175 (2,643 ) 2002 Oct-13 40 years Cedar Plaza Cedartown, GA — 1,550 4,342 96 1,550 4,438 5,988 (1,650 ) 1994 Jun-11 40 years Conyers Plaza Conyers, GA — 3,870 11,741 1,645 3,870 13,386 17,256 (4,284 ) 2001 Jun-11 40 years Cordele Square Cordele, GA — 2,050 5,540 563 2,050 6,103 8,153 (2,466 ) 2002 Jun-11 40 years Covington Gallery Covington, GA (4,214 ) 3,280 8,416 691 3,280 9,107 12,387 (2,906 ) 1991 Jun-11 40 years Salem Road Station Covington, GA — 670 11,395 336 670 11,731 12,401 (2,441 ) 2000 Oct-13 40 years Keith Bridge Commons Cumming, GA — 1,501 14,868 268 1,601 15,036 16,637 (3,451 ) 2002 Oct-13 40 years Northside Dalton, GA — 1,320 3,950 836 1,320 4,786 6,106 (1,811 ) 2001 Jun-11 40 years Cosby Station Douglasville, GA (5,282 ) 2,650 6,582 507 2,650 7,089 9,739 (2,012 ) 1994 Jun-11 40 years Park Plaza Douglasville, GA — 1,470 2,505 1,196 1,470 3,701 5,171 (685 ) 1986 Jun-11 40 years Dublin Village Dublin, GA — 1,876 8,961 212 1,876 9,173 11,049 (2,388 ) 2005 Oct-13 40 years Westgate Dublin, GA — 1,450 3,991 439 1,450 4,430 5,880 (1,497 ) 2004 Jun-11 40 years Venture Pointe Duluth, GA — 2,460 7,933 5,556 2,460 13,489 15,949 (4,480 ) 1995 Jun-11 40 years Banks Station Fayetteville, GA (4,423 ) 3,490 12,254 1,441 3,490 13,695 17,185 (5,066 ) 2006 Jun-11 40 years Barrett Place Kennesaw, GA — 6,990 13,953 1,373 6,990 15,326 22,316 (5,230 ) 1992 Jun-11 40 years Shops of Huntcrest Lawrenceville, GA — 2,093 17,790 555 2,093 18,345 20,438 (3,044 ) 2003 Oct-13 40 years Mableton Walk Mableton, GA — 1,645 9,384 974 1,645 10,358 12,003 (2,651 ) 1994 Jun-11 40 years The Village at Mableton Mableton, GA — 2,040 6,443 2,387 2,040 8,830 10,870 (3,117 ) 1959 Jun-11 40 years Marshalls at Eastlake Marietta, GA — 2,650 2,667 1,002 2,650 3,669 6,319 (1,038 ) 1982 Jun-11 40 years New Chastain Corners Marietta, GA — 3,090 8,071 975 3,090 9,046 12,136 (2,759 ) 2004 Jun-11 40 years Pavilions at Eastlake Marietta, GA — 4,770 12,085 1,919 4,770 14,004 18,774 (4,950 ) 1996 Jun-11 40 years Creekwood Village Rex, GA — 1,400 4,752 327 1,400 5,079 6,479 (1,770 ) 1990 Jun-11 40 years Shops of Riverdale Riverdale, GA — 640 2,109 209 640 2,318 2,958 (518 ) 1995 Jun-11 40 years Holcomb Bridge Crossing Roswell, GA — 1,170 5,418 596 1,170 6,014 7,184 (2,738 ) 1988 Jun-11 40 years Victory Square Savannah, GA — 6,080 14,651 344 6,080 14,995 21,075 (3,677 ) 2007 Jun-11 40 years Stockbridge Village Stockbridge, GA — 6,210 16,418 3,525 6,210 19,943 26,153 (6,314 ) 2008 Jun-11 40 years Stone Mountain Festival Stone Mountain, GA (7,755 ) 5,740 16,730 1,538 5,740 18,268 24,008 (6,796 ) 2006 Jun-11 40 years Wilmington Island Wilmington Island, GA — 2,630 7,894 1,089 2,630 8,983 11,613 (1,957 ) 1985 Oct-13 40 years Kimberly West Shopping Center Davenport, IA — 1,710 6,329 604 1,710 6,933 8,643 (2,447 ) 1987 Jun-11 40 years Haymarket Mall Des Moines, IA (3,846 ) 2,320 9,604 523 2,320 10,127 12,447 (3,890 ) 1979 Jun-11 40 years Haymarket Square Des Moines, IA (6,481 ) 3,360 9,192 4,327 3,360 13,519 16,879 (3,613 ) 1979 Jun-11 40 years Warren Plaza Dubuque, IA — 1,740 6,155 387 1,740 6,542 8,282 (1,257 ) 1993 Jun-11 40 years Annex of Arlington Arlington Heights, IL — 3,769 15,006 10,929 4,373 25,331 29,704 (5,602 ) 1999 Jun-11 40 years Ridge Plaza Arlington Heights, IL — 3,720 10,168 4,741 3,720 14,909 18,629 (5,523 ) 2000 Jun-11 40 years Bartonville Square Bartonville, IL — 480 3,580 149 480 3,729 4,209 (1,417 ) 2001 Jun-11 40 years Festival Center Bradley, IL (658 ) 390 2,211 37 390 2,248 2,638 (798 ) 2006 Jun-11 40 years Southfield Plaza Bridgeview, IL (13,350 ) 5,880 18,251 1,550 5,880 19,801 25,681 (7,009 ) 2006 Jun-11 40 years Commons of Chicago Ridge Chicago Ridge, IL — 4,310 39,027 4,892 4,310 43,919 48,229 (12,315 ) 1998 Jun-11 40 years Rivercrest Shopping Center Crestwood, IL — 7,010 39,886 15,608 11,010 51,494 62,504 (14,164 ) 1992 Jun-11 40 years The Commons of Crystal Lake Crystal Lake, IL — 3,660 31,770 3,889 3,660 35,659 39,319 (8,804 ) 1987 Jun-11 40 years Elk Grove Town Center Elk Grove Village, IL — 3,730 19,113 970 3,730 20,083 23,813 (5,710 ) 1998 Jun-11 40 years Crossroads Centre Fairview Heights, IL — 3,230 8,928 6,379 3,230 15,307 18,537 (4,660 ) 1975 Jun-11 40 years Subsequent to Acquisition Gross Amount at Which Carried Life on Which Depreciated - Latest Income Statement Initial Cost to Company at the Close of the Period Description Encumbrances Land Building & Improvements Land Building & Improvements Total Accumulated Depreciation Year Constructed (1) Date Acquired Freeport Plaza Freeport, IL — 660 5,614 80 660 5,694 6,354 (2,675 ) 2000 Jun-11 40 years Westview Center Hanover Park, IL — 6,130 27,797 6,222 6,130 34,019 40,149 (8,047 ) 1989 Jun-11 40 years The Quentin Collection Kildeer, IL (20,743 ) 5,780 26,232 1,610 5,780 27,842 33,622 (7,083 ) 2006 Jun-11 40 years Butterfield Square Libertyville, IL — 3,430 13,306 2,796 3,430 16,102 19,532 (4,205 ) 1997 Jun-11 40 years High Point Centre Lombard, IL — 7,510 19,134 1,887 7,510 21,021 28,531 (4,672 ) 2018 Jun-11 40 years Long Meadow Commons Mundelein, IL — 4,700 11,447 1,703 4,700 13,150 17,850 (4,917 ) 1997 Jun-11 40 years Westridge Court Naperville, IL — 10,560 66,986 12,870 10,560 79,856 90,416 (17,702 ) 1992 Jun-11 40 years Sterling Bazaar Peoria, IL — 2,050 6,581 469 2,050 7,050 9,100 (2,754 ) 1992 Jun-11 40 years Rollins Crossing Round Lake Beach, IL — 3,040 23,180 1,317 3,040 24,497 27,537 (7,361 ) 1998 Jun-11 40 years Twin Oaks Shopping Center Silvis, IL — 1,300 6,896 141 1,300 7,037 8,337 (2,113 ) 1991 Jun-11 40 years Sangamon Center North Springfield, IL — 2,350 9,420 851 2,350 10,271 12,621 (3,873 ) 1996 Jun-11 40 years Tinley Park Plaza Tinley Park, IL (17,869 ) 12,250 20,639 4,669 12,250 25,308 37,558 (5,539 ) 1973 Jun-11 40 years Meridian Village Carmel, IN — 2,089 7,231 2,215 2,089 9,446 11,535 (2,684 ) 1990 Jun-11 40 years Columbus Center Columbus, IN (9,372 ) 1,480 13,913 2,598 1,480 16,511 17,991 (4,180 ) 1964 Jun-11 40 years Elkhart Plaza West Elkhart, IN — 770 6,326 232 770 6,558 7,328 (2,050 ) 1997 Jun-11 40 years Apple Glen Crossing Fort Wayne, IN — 2,550 19,742 752 2,550 20,494 23,044 (5,481 ) 2002 Jun-11 40 years Market Centre Goshen, IN — 1,765 14,231 4,032 1,765 18,263 20,028 (5,276 ) 1994 Jun-11 40 years Marwood Plaza Indianapolis, IN — 1,720 5,479 960 1,720 6,439 8,159 (1,664 ) 1992 Jun-11 40 years Westlane Shopping Center Indianapolis, IN — 870 2,603 1,048 870 3,651 4,521 (1,170 ) 1968 Jun-11 40 years Valley View Plaza Marion, IN (1,053 ) 440 3,020 162 440 3,182 3,622 (853 ) 1997 Jun-11 40 years Bittersweet Plaza Mishawaka, IN — 840 6,677 527 840 7,204 8,044 (1,969 ) 2000 Jun-11 40 years Lincoln Plaza New Haven, IN — 780 6,277 809 780 7,086 7,866 (1,948 ) 1968 Jun-11 40 years Speedway Super Center Speedway, IN — 8,410 48,942 6,937 8,410 55,879 64,289 (13,474 ) 2018 Jun-11 40 years Sagamore Park Centre West Lafayette, IN — 2,390 10,865 1,874 2,390 12,739 15,129 (3,959 ) 2018 Jun-11 40 years Westchester Square Lenexa, KS — 3,250 13,982 2,439 3,250 16,421 19,671 (4,345 ) 1987 Jun-11 40 years West Loop Shopping Center Manhattan, KS — 2,800 10,299 6,263 2,800 16,562 19,362 (4,303 ) 2013 Jun-11 40 years North Dixie Plaza Elizabethtown, KY — 2,370 4,521 454 2,370 4,975 7,345 (1,029 ) 1992 Jun-11 40 years Florence Plaza - Florence Square Florence, KY — 9,380 46,030 18,620 11,013 63,017 74,030 (14,987 ) 2014 Jun-11 40 years Jeffersontown Commons Jeffersontown, KY — 3,920 14,437 952 3,920 15,389 19,309 (5,459 ) 1959 Jun-11 40 years Mist Lake Plaza Lexington, KY — 4,200 10,452 979 4,200 11,431 15,631 (3,488 ) 1993 Jun-11 40 years London Marketplace London, KY — 1,400 10,293 334 1,400 10,627 12,027 (3,930 ) 1994 Jun-11 40 years Eastgate Shopping Center Louisville, KY — 4,300 13,515 2,316 4,300 15,831 20,131 (5,244 ) 2002 Jun-11 40 years Plainview Village Louisville, KY — 2,600 9,709 1,301 2,600 11,010 13,610 (3,004 ) 1997 Jun-11 40 years Stony Brook I & II Louisville, KY — 3,650 17,554 1,653 3,650 19,207 22,857 (5,124 ) 1988 Jun-11 40 years Towne Square North Owensboro, KY (4,210 ) 2,230 9,037 444 2,230 9,481 11,711 (3,681 ) 1988 Jun-11 40 years Karam Shopping Center Lafayette, LA (1,944 ) 410 2,955 446 410 3,401 3,811 (1,315 ) 1970 Jun-11 40 years Iberia Plaza New Iberia, LA — 2,590 5,728 1,281 2,590 7,009 9,599 (3,075 ) 1992 Jun-11 40 years Lagniappe Village New Iberia, LA — 3,170 11,023 1,097 3,170 12,120 15,290 (5,502 ) 2010 Jun-11 40 years The Pines Shopping Center Pineville, LA (3,438 ) 3,080 7,035 133 3,080 7,168 10,248 (1,609 ) 1991 Jun-11 40 years Points West Plaza Brockton, MA (7,397 ) 2,200 10,492 1,226 2,200 11,718 13,918 (4,105 ) 1960 Jun-11 40 years Burlington Square I, II & III Burlington, MA — 4,690 12,717 1,832 4,690 14,549 19,239 (3,679 ) 1992 Jun-11 40 years Chicopee Marketplace Chicopee, MA — 3,470 24,980 1,293 3,470 26,273 29,743 (6,469 ) 2005 Jun-11 40 years Holyoke Shopping Center Holyoke, MA — 3,110 11,903 817 3,110 12,720 15,830 (4,135 ) 2000 Jun-11 40 years WaterTower Plaza Leominster, MA — 10,400 39,499 2,534 10,400 42,033 52,433 (12,442 ) 2000 Jun-11 40 years Lunenberg Crossing Lunenburg, MA (2,041 ) 930 1,668 901 930 2,569 3,499 (392 ) 1994 Jun-11 40 years Lynn Marketplace Lynn, MA — 3,100 5,615 2,178 3,100 7,793 10,893 (1,964 ) 1968 Jun-11 40 years Webster Square Shopping Center Marshfield, MA — 5,532 27,223 203 5,532 27,426 32,958 (3,288 ) 2005 Jun-15 40 years Berkshire Crossing Pittsfield, MA — 5,210 38,733 2,551 5,210 41,284 46,494 (12,164 ) 1994 Jun-11 40 years Westgate Plaza Westfield, MA — 2,250 9,669 970 2,250 10,639 12,889 (3,515 ) 1996 Jun-11 40 years Perkins Farm Marketplace Worcester, MA — 2,150 16,766 2,632 2,150 19,398 21,548 (6,027 ) 1967 Jun-11 40 years South Plaza Shopping Center California, MD — 2,174 23,209 109 2,174 23,318 25,492 (4,005 ) 2005 Oct-13 40 years Campus Village Shoppes College Park, MD — 1,660 4,980 647 1,660 5,627 7,287 (1,226 ) 1986 Jun-11 40 years Fox Run Prince Frederick, MD — 3,560 31,086 2,430 3,560 33,516 37,076 (9,803 ) 1997 Jun-11 40 years Liberty Plaza Randallstown, MD — 782 6,134 2,306 782 8,440 9,222 (1,936 ) 1962 Jun-11 40 years Subsequent to Acquisition Gross Amount at Which Carried Life on Which Depreciated - Latest Income Statement Initial Cost to Company at the Close of the Period Description Encumbrances Land Building & Improvements Land Building & Improvements Total Accumulated Depreciation Year Constructed (1) Date Acquired Pine Tree Shopping Center Portland, ME — 2,860 18,988 1,494 2,860 20,482 23,342 (7,590 ) 1958 Jun-11 40 years Arborland Center Ann Arbor, MI — 14,184 90,938 283 14,184 91,221 105,405 (4,850 ) 2000 Mar-17 40 years Maple Village Ann Arbor, MI — 3,200 15,895 19,199 3,200 35,094 38,294 (4,690 ) 2018 Jun-11 40 years Grand Crossing Brighton, MI (2,692 ) 1,780 7,487 2,059 1,780 9,546 11,326 (2,954 ) 2005 Jun-11 40 years Farmington Crossroads Farmington, MI — 1,620 4,340 1,939 1,620 6,279 7,899 (1,855 ) 1986 Jun-11 40 years Silver Pointe Shopping Center Fenton, MI (2,590 ) 3,840 12,258 1,298 3,840 13,556 17,396 (4,822 ) 1996 Jun-11 40 years Cascade East Grand Rapids, MI — 1,280 4,802 1,317 1,280 6,119 7,399 (2,277 ) 1983 Jun-11 40 years Delta Center Lansing, MI (5,185 ) 1,580 9,394 1,853 1,580 11,247 12,827 (4,425 ) 1985 Jun-11 40 years Lakes Crossing Muskegon, MI — 1,440 13,457 2,277 1,440 15,734 17,174 (4,509 ) 2008 Jun-11 40 years Redford Plaza Redford, MI — 7,510 18,348 3,178 7,510 21,526 29,036 (7,410 ) 1992 Jun-11 40 years Hampton Village Centre Rochester Hills, MI — 5,370 47,612 10,002 5,370 57,614 62,984 (16,418 ) 2004 Jun-11 40 years Fashion Corners Saginaw, MI — 1,940 17,703 644 1,940 18,347 20,287 (5,700 ) 2004 Jun-11 40 years Green Acres Saginaw, MI — 2,170 8,225 4,402 2,170 12,627 14,797 (4,120 ) 2018 Jun-11 40 years Southfield Plaza Southfield, MI — 1,320 3,608 2,166 1,320 5,774 7,094 (1,867 ) 1970 Jun-11 40 years 18 Ryan Sterling Heights, MI (5,503 ) 3,160 8,794 366 3,160 9,160 12,320 (2,143 ) 1997 Jun-11 40 years Delco Plaza Sterling Heights, MI (3,624 ) 2,860 6,682 1,263 2,860 7,945 10,805 (3,524 ) 1996 Jun-11 40 years Grand Traverse Crossing Traverse City, MI — 3,100 31,047 1,947 3,100 32,994 36,094 (8,550 ) 1996 Jun-11 40 years West Ridge Westland, MI — 1,800 5,244 4,571 1,800 9,815 11,615 (2,209 ) 1989 Jun-11 40 years Roundtree Place Ypsilanti, MI — 3,520 8,249 6,603 3,520 14,852 18,372 (3,262 ) 1992 Jun-11 40 years Washtenaw Fountain Plaza Ypsilanti, MI — 2,030 6,890 701 2,030 7,591 9,621 (2,997 ) 2005 Jun-11 40 years Southport Centre I - VI Apple Valley, MN — 4,602 18,375 505 4,602 18,880 23,482 (4,375 ) 1985 Jun-11 40 years Burning Tree Plaza Duluth, MN — 4,790 15,761 616 4,790 16,377 21,167 (4,693 ) 1987 Jun-11 40 years Elk Park Center Elk River, MN — 3,770 18,255 1,027 3,770 19,282 23,052 (6,144 ) 1999 Jun-11 40 years Westwind Plaza Minnetonka, MN — 2,630 11,452 904 2,630 12,356 14,986 (2,976 ) 2007 Jun-11 40 years Richfield Hub Richfield, MN — 7,748 18,517 1,591 7,748 20,108 27,856 (4,552 ) 1952 Jun-11 40 years Roseville Center Roseville , MN — 1,620 8,364 145 1,620 8,509 10,129 (2,189 ) 2000 Jun-11 40 years Marketplace 42 Savage, MN — 5,150 11,489 4,807 5,150 16,296 21,446 (2,823 ) 1999 Jun-11 40 years Sun Ray Shopping Center St. Paul, MN — 5,250 20,617 2,692 5,250 23,309 28,559 (6,827 ) 1958 Jun-11 40 years White Bear Hills Shopping Center White Bear Lake, MN — 1,790 6,157 252 1,790 6,409 8,199 (2,621 ) 1996 Jun-11 40 years Ellisville Square Ellisville, MO — 2,130 2,907 9,368 2,130 12,275 14,405 (2,029 ) 1989 Jun-11 40 years Clocktower Place Florissant, MO — 3,590 8,395 2,730 3,590 11,125 14,715 (3,350 ) 1987 Jun-11 40 years Hub Shopping Center Independence, MO — 850 7,600 345 850 7,945 8,795 (3,331 ) 1995 Jun-11 40 years Watts Mill Plaza Kansas City, MO — 2,610 13,282 1,291 2,610 14,573 17,183 (3,726 ) 1997 Jun-11 40 years Liberty Corners Liberty, MO — 2,530 8,567 2,242 2,530 10,809 13,339 (3,790 ) 1987 Jun-11 40 years Maplewood Square Maplewood, MO — 1,450 4,494 425 1,450 4,919 6,369 (1,764 ) 1998 Jun-11 40 years Clinton Crossing Clinton, MS (4,048 ) 2,760 9,216 706 2,760 9,922 12,682 (2,778 ) 1990 Jun-11 40 years County Line Plaza Jackson, MS — 2,820 23,157 6,607 2,820 29,764 32,584 (6,249 ) 1997 Jun-11 40 years Devonshire Place Cary, NC (4,671 ) 940 3,674 5,526 940 9,200 10,140 (2,241 ) 1996 Jun-11 40 years McMullen Creek Market Charlotte, NC — 10,590 22,874 4,406 10,590 27,280 37,870 (6,573 ) 1988 Jun-11 40 years The Commons at Chancellor Park Charlotte, NC — 5,240 19,587 2,262 5,240 21,849 27,089 (6,140 ) 1994 Jun-11 40 years Macon Plaza Franklin, NC — 770 3,783 195 770 3,978 4,748 (1,687 ) 2001 Jun-11 40 years Garner Towne Square Garner, NC — 6,233 23,097 1,523 6,233 24,620 30,853 (5,223 ) 1997 Oct-13 40 years Franklin Square Gastonia, NC — 7,060 27,871 2,746 7,060 30,617 37,677 (7,774 ) 1989 Jun-11 40 years Wendover Place Greensboro, NC — 15,990 39,032 2,865 15,990 41,897 57,887 (14,127 ) 2000 Jun-11 40 years University Commons Greenville, NC — 5,350 26,023 3,976 5,350 29,999 35,349 (8,157 ) 1996 Jun-11 40 years Valley Crossing Hickory, NC — 2,130 5,884 8,826 2,130 14,710 16,840 (3,987 ) 2014 Jun-11 40 years Kinston Pointe Kinston, NC — 2,180 8,479 337 2,180 8,816 10,996 (3,886 ) 2001 Jun-11 40 years Magnolia Plaza Morganton, NC — 730 3,059 211 730 3,270 4,000 (599 ) 1990 Jun-11 40 years Roxboro Square Roxboro, NC — 1,550 8,935 305 1,550 9,240 10,790 (3,273 ) 2005 Jun-11 40 years Innes Street Market Salisbury, NC — 12,180 27,275 766 12,180 28,041 40,221 (11,037 ) 2002 Jun-11 40 years Crossroads Statesville, NC — 6,220 15,098 1,320 6,220 16,418 22,638 (4,488 ) 1997 Jun-11 40 years Anson Station Wadesboro, NC (1,229 ) 910 3,895 267 910 4,162 5,072 (1,876 ) 1988 Jun-11 40 years New Centre Market Wilmington, NC — 5,730 14,673 2,595 5,730 17,268 22,998 (3,507 ) 1998 Jun-11 40 years University Commons Wilmington, NC — 6,910 26,445 1,946 6,910 28,391 35,301 (7,992 ) 2007 Jun-11 40 years Whitaker Square Winston Salem, NC — 2,923 11,824 887 2,923 12,711 15,634 (2,432 ) 1996 Oct-13 40 years Parkway Plaza Winston-Salem, NC — 6,910 17,009 1,414 6,910 18,423 25,333 (5,950 ) 2005 Jun-11 40 years Stratford Commons Winston-Salem, NC — 2,770 9,402 268 2,770 9,670 12,440 (2,873 ) 1995 Jun-11 40 years Subsequent to Acquisition Gross Amount at Which Carried Life on Which Depreciated - Latest Income Statement Initial Cost to Company at the Close of the Period Description Encumbrances Land Building & Improvements Land Building & Improvements Total Accumulated Depreciation Year Constructed (1) Date Acquired Bedford Grove Bedford, NH — 3,400 17,627 3,650 3,400 21,277 24,677 (6,132 ) 1989 Jun-11 40 years Capitol Shopping Center Concord, NH — 2,160 11,361 1,290 2,160 12,651 14,811 (4,655 ) 2001 Jun-11 40 years Willow Springs Plaza Nashua , NH (13,739 ) 3,490 19,290 1,195 3,490 20,485 23,975 (5,384 ) 1990 Jun-11 40 years Seacoast Shopping Center Seabrook , NH (4,634 ) 2,230 7,956 819 2,230 8,775 11,005 (1,459 ) 1991 Jun-11 40 years Tri-City Plaza Somersworth, NH — 1,900 9,682 4,985 1,900 14,667 16,567 (4,138 ) 1990 Jun-11 40 years Laurel Square Brick, NJ (9,072 ) 5,400 19,256 1,454 5,400 20,710 26,110 (5,113 ) 2003 Jun-11 40 years the Shoppes at Cinnaminson Cinnaminson, NJ — 6,030 45,126 3,639 6,030 48,765 54,795 (11,746 ) 2010 Jun-11 40 years Acme Clark Clark, NJ (4,155 ) 2,630 8,351 28 2,630 8,379 11,009 (2,391 ) 2007 Jun-11 40 years Collegetown Shopping Center Glassboro, NJ — 1,560 15,512 7,856 1,560 23,368 24,928 (7,250 ) 1966 Jun-11 40 years Hamilton Plaza Hamilton, NJ (2,555 ) 1,580 8,573 3,459 1,580 12,032 13,612 (2,749 ) 1972 Jun-11 40 years Bennetts Mills Plaza Jackson, NJ (12,144 ) 3,130 16,922 509 3,130 17,431 20,561 (4,237 ) 2002 Jun-11 40 years Lakewood Plaza Lakewood, NJ — 5,090 25,781 842 5,090 26,623 31,713 (7,650 ) 1966 Jun-11 40 years Marlton Crossing Marlton, NJ — 5,950 45,186 11,103 5,950 56,289 62,239 (15,394 ) 2018 Jun-11 40 years Middletown Plaza Middletown, NJ (16,534 ) 5,060 40,870 2,482 5,060 43,352 48,412 (10,034 ) 2001 Jun-11 40 years Larchmont Centre Mount Laurel, NJ (7,000 ) 4,421 14,787 133 4,421 14,920 19,341 (1,872 ) 1985 Jun-15 40 years Old Bridge Gateway Old Bridge, NJ — 7,200 36,889 3,931 7,200 40,820 48,020 (10,422 ) 1995 Jun-11 40 years Morris Hills Shopping Center Parsippany, NJ — 3,970 28,892 5,401 3,970 34,293 38,263 (7,393 ) 1994 Jun-11 40 years Rio Grande Plaza Rio Grande, NJ — 1,660 11,840 1,071 1,660 12,911 14,571 (3,407 ) 1997 Jun-11 40 years Ocean Heights Plaza Somers Point, NJ — 6,110 34,462 1,868 6,110 36,330 42,440 (7,575 ) 2006 Jun-11 40 years Springfield Place Springfield, NJ — 1,150 4,310 2,070 1,773 5,757 7,530 (1,257 ) 1965 Jun-11 40 years Tinton Falls Plaza Tinton Falls, NJ — 3,080 11,550 548 3,080 12,098 15,178 (3,303 ) 2006 Jun-11 40 years Cross Keys Commons Turnersville, NJ — 5,840 32,004 4,681 5,840 36,685 42,525 (8,588 ) 1989 Jun-11 40 years Dover Park Plaza Yardville, NJ — 1,030 7,280 733 1,030 8,013 9,043 (1,803 ) 2005 Jun-11 40 years St Francis Plaza Santa Fe, NM — 1,110 4,843 — 1,110 4,843 5,953 (1,171 ) 1993 Jun-11 40 years Smith's Socorro, NM (1,331 ) 600 5,312 (2,061 ) 600 3,251 3,851 (2,074 ) 1976 Jun-11 40 years Parkway Plaza Carle Place, NY — 5,790 19,234 2,615 5,790 21,849 27,639 (4,498 ) 1993 J |
Nature of Business and Financ31
Nature of Business and Financial Statement Presentation (Policies) | 12 Months Ended |
Dec. 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 one of the largest open air retail portfolios by gross leasable area (“GLA”) in the United States, comprised primarily of community and neighborhood shopping centers. As of December 31, 2017, the Company’s portfolio was comprised of 486 shopping centers totaling approximately 83 million square feet of gross leasable area (the “Portfolio”). 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 financial information included herein reflects the consolidated financial position of the Company as of December 31, 2017 and 2016 and the consolidated results of its operations and cash flows for the years ended December 31, 2017, 2016 and 2015. The Company has determined that it is preferable to present underwriter fees associated with the Company’s issuance of unsecured senior notes in the line item Deferred financing costs as opposed to deducting the amount of the fees within the line item Proceeds from unsecured term loans and notes within financing activities in the accompanying Consolidated Statements of Cash Flows. In connection with this revised presentation, certain prior year balances have been adjusted to conform to the current year presentation described above. |
Principles of Consolidation | The accompanying 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. When the Company obtains an economic interest in an entity, management evaluates the entity to determine: (i) whether the entity is a variable interest entity (“VIE”), (ii) in the event the entity is a VIE, whether the Company is the primary beneficiary of the entity, and (iii) in the event the entity is not a VIE, whether the Company otherwise has a controlling financial interest. The Company consolidates: (i) entities that are VIEs for which the Company is deemed to be the primary beneficiary and (ii) entities that are not VIEs which the Company controls. If the Company has an interest in a VIE but it is not determined to be the primary beneficiary, the Company accounts for its interest under the equity method of accounting. Similarly, for those entities which are not VIEs and the Company does not have a controlling financial interest, the Company accounts for its interests under the equity method of accounting. The Company continually reconsiders its determination of whether an entity is a VIE and whether the Company qualifies as its primary beneficiary. The Company has evaluated the Operating Partnership and has determined it is not a VIE as of December 31, 2017. |
Use of Estimates | GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported amounts of revenues and expenses during a reporting period. The most significant assumptions and estimates relate to impairment of real estate, recovery of receivables and depreciable lives. These estimates are based on historical experience and other assumptions which management believes are reasonable under the circumstances. Management evaluates its estimates on an ongoing basis and makes revisions to these estimates and related disclosures as new information becomes known. Actual results could differ from these estimates. |
Non-controlling Interests | Non-controlling Interests The Company accounts for non-controlling interests in accordance with the Consolidation guidance and the Distinguishing Liabilities from Equity guidance issued by the Financial Accounting Standards Board (“FASB”). Non-controlling interests represent the portion of equity that the Company does not own in those entities that it consolidates. The Company identifies its non-controlling interests separately within the Equity section of the Company’s Consolidated Balance Sheets. The amounts of consolidated net earnings attributable to the Company and to the non-controlling interests are presented separately on the Company’s Consolidated Statements of Operations. |
Cash and Cash Equivalents | Cash and Cash Equivalents For purposes of presentation on both the Consolidated Balance Sheets and the Consolidated Statements of Cash Flows, the Company considers instruments with an original maturity of three months or less to be cash and cash equivalents. The Company maintains its cash and cash equivalents at major financial institutions. The cash and cash equivalent balance at one or more of these financial institutions exceeds the Federal Depository Insurance Corporation (FDIC) insurance coverage. The Company periodically assesses the credit risk associated with these financial institutions and believes that the risk of loss is minimal. |
Restricted Cash | Restricted Cash Restricted cash represents cash deposited in escrow accounts, which generally can only be used for the payment of real estate taxes, debt service, insurance, and future capital expenditures as required by certain loan and lease agreements as well as legally restricted tenant security deposits and funds held in escrow for pending transactions. |
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. 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 depreciation 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 with a 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 accelerate the depreciation and amortization associated with the asset group. |
Real Estate Under Development and Redevelopment | Real Estate Under Development and Redevelopment Certain costs are capitalized related to the development and redevelopment of real estate including pre-construction costs, real estate taxes, insurance, construction costs and salaries and related costs of personnel directly involved. Additionally, the Company capitalizes interest costs related to development and redevelopment activities. Capitalization of these costs begin when the activities and related expenditures commence and cease when the project is substantially complete and ready for its intended use, at which time the project is placed in service and depreciation commences. Additionally, the Company makes estimates as to the probability of certain development and redevelopment projects being completed. If the Company determines the development or redevelopment is no longer probable of completion, the Company expenses all capitalized costs which are not recoverable. |
Investments in and Advances to Unconsolidated Joint Ventures | Investments in and Advances to Unconsolidated Joint Ventures The Company accounted for its investment in the unconsolidated joint venture using the equity method of accounting as the Company exercised significant influence over, but did not control this entity. This investment was initially recorded at cost and was subsequently adjusted for cash contributions and distributions. Earnings for the investment were recognized in accordance with the terms of the underlying agreement. Intercompany fees and gains on transactions with the unconsolidated joint venture were eliminated to the extent of the Company’s ownership interest. On a periodic basis, management assessed whether there were indicators, including the property operating performance, changes in anticipated holding period and general market conditions, that the value of the Company’s investment in the unconsolidated joint venture may have been impaired. An investment’s value was impaired only if management’s estimate of the fair value of the Company’s investment was less than its carrying value and such difference was deemed to be other-than-temporary. To the extent impairment had occurred, a loss was recognized for the excess of its carrying amount over its fair value. |
Deferred Leasing and Financing Costs | Deferred Leasing and Financing Costs Costs incurred in executing tenant leases (including internal leasing costs) and long-term financing are amortized using the straight-line method over the term of the related lease or debt agreement, which approximates the effective interest method. Costs incurred in executing tenant leases which are capitalized include a portion of salaries, lease incentives and the related costs of personnel directly involved in successful leasing efforts. Costs incurred in executing long-term financing which are capitalized include bank and legal fees. The amortization of deferred leasing and financing costs is included in Depreciation and amortization and Interest expense, respectively, in the Company’s Consolidated Statements of Operations and within Operating activities on the Company’s Consolidated Statements of Cash Flows. |
Marketable Securities | Marketable Securities The Company classifies its marketable securities, which include both debt and equity securities, as available-for-sale. These securities are carried at fair value with unrealized gains and losses reported in equity as a component of accumulated other comprehensive income (loss). The fair value of marketable securities are based primarily on publicly traded market values in active markets and are classified accordingly on the fair value hierarchy. On a periodic basis, management assesses whether there are indicators that the value of the Company’s marketable securities may be impaired. A marketable security is impaired if the fair value of the security is less than its carrying value and the difference is determined to be other-than-temporary. To the extent impairment has occurred, a loss is recognized for the excess of the carrying value over its fair value. At December 31, 2017 and 2016, the fair value of the Company’s marketable securities portfolio approximated its cost basis. |
Derivative Financial Instruments | Derivative Financial Instruments Derivatives, including certain derivatives embedded in other contracts, are measured at fair value and are recognized in the Company’s Consolidated Balance Sheets as assets or liabilities, depending on the Company’s rights or obligations under the applicable derivative contract. The accounting for changes in the fair value of a derivative varies based on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the necessary criteria. |
Revenue Recognition and Receivables | Revenue Recognition and Receivables Rental revenue is recognized on a straight-line basis over the terms of the related leases. The cumulative difference between rental revenue recognized in the Company’s Consolidated Statements of Operations and contractual payment terms is recorded as deferred rent and presented on the accompanying Consolidated Balance Sheets within Receivables, net. The Company commences recognizing rental revenue based on an evaluation of a number of factors. In most cases, revenue recognition under a lease begins when the lessee takes possession of or controls the physical use of the leased asset. Certain leases also provide for percentage rents based upon the level of sales achieved by a lessee. These percentage rents are recognized upon the achievement of certain pre-determined sales levels. Leases also typically provide for reimbursement of common area expenses, real estate taxes and other operating expenses by the lessee and are recognized in the period the applicable expenditures are incurred. Gains from the sale of depreciated operating properties are generally recognized under the full accrual method, provided that various criteria relating to the terms of the sale and subsequent involvement by the Company with the applicable property are met. The Company periodically evaluates the collectability of its receivables related to rental revenue, straight-line rent, expense reimbursements and those attributable to other revenue generating activities. The Company analyzes its receivables and historical bad debt levels, tenant credit-worthiness and current economic trends when evaluating the adequacy of its allowance for doubtful accounts. In addition, tenants in bankruptcy are analyzed and estimates are made in connection with the expected recovery of pre-petition and post-petition claims. |
Stock Based Compensation | Stock Based Compensation The Company accounts for equity awards in accordance with the FASB’s Stock Compensation guidance which requires that all share based payments to employees and non-employee directors be recognized in the statement of operations over the service period based on their fair value. Fair value is determined based on the type of award using either the grant date market price of the Company’s stock, the Black-Scholes-Merton option-pricing model or a Monte Carlo simulation model. Share-based compensation expense is included in General and administrative expenses in the Company’s Consolidated Statements of Operations. |
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. On April 3, 2017, BPG Sub’s status as a REIT terminated when BPG Sub became a disregarded subsidiary of the Parent Company for U.S. federal income tax purposes. Prior to its termination of REIT status, BPG Sub had also elected to qualify as a REIT under the Code and was subject to the same tax requirements and tax treatment as the Parent Company. As a REIT, the Parent Company generally will not be subject to U.S. federal income tax, provided that distributions to its stockholders equal at least the amount of its REIT taxable income as defined under the Code. The Parent Company conducts substantially all of its operations through the Operating Partnership which is organized as a limited partnership and treated as a pass-through entity for U.S. federal tax purposes. Therefore, U.S. federal income taxes on our taxable income do not materially impact the Consolidated Financial Statements of the Company. If the Parent Company fails to qualify as a REIT in any taxable year, it will be subject to U.S. federal taxes at regular corporate rates (including any applicable alternative minimum tax for tax years beginning after December 31, 2017) and may not be able to qualify as a REIT for four subsequent taxable years. Even if the Parent Company qualifies for taxation as a REIT, the Company is subject to certain state and local taxes on its income and property, and to U.S. federal income and excise taxes on its undistributed taxable income. The Company has elected to treat certain of its subsidiaries as taxable REIT subsidiaries (“TRS”), and the Company may in the future elect to treat newly formed and/or existing subsidiaries as TRSs. A TRS may participate in non-real estate-related activities and/or perform non-customary services for tenants and are subject to certain limitations under the Code. A TRS is subject to U.S. federal and state income taxes. Income taxes related to the Company’s TRSs do not materially impact the Consolidated Financial Statements of the Company. The Company has considered the tax positions taken for the open tax years and has concluded that no provision for income taxes related to uncertain tax positions is required in the Company’s Consolidated Financial Statements as of December 31, 2017 and 2016. Open tax years generally range from 2014 through 2017, but may vary by jurisdiction and issue. The Company recognizes penalties and interest accrued related to unrecognized tax benefits as income tax expense, which is included in Other on the Company’s Consolidated Statements of Operations. |
New Accounting Pronouncements | New Accounting Pronouncements In August 2017, the FASB issued Accounting Standards Update (“ASU”) 2017-12, “ Derivatives and Hedging (Topic 815) .” ASU 2017-12 amends guidance to more closely align the results of cash flow and fair value hedge accounting with risk management activities through changes to both the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results in the financial statements. The standard is effective on January 1, 2019, with early adoption permitted. The Company does not expect the adoption of ASU 2017-12 to have a material impact on the Consolidated Financial Statements of the Company. In May 2017, the FASB issued ASU 2017-09, “ Compensation - Stock Compensation (Topic 718) .” ASU 2017-09 clarifies guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting. The standard is effective on January 1, 2018, with early adoption permitted. The Company does not expect the adoption of ASU 2017-09 to have a material impact on the Consolidated Financial Statements of the Company. In January 2017, the FASB issued 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 year ended December 31, 2017, the Company capitalized $0.9 million of transaction costs. The Company determined that these amounts did not have a material impact on the 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 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 Consolidated Balance Sheets. The Company determined that these changes did not have a material impact on the 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 the 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 determined that these changes did not have a material impact on the 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 pronouncement requires a modified retrospective method of adoption and is effective on January 1, 2019, with early adoption permitted. The Company will continue to evaluate the effect the adoption of ASU 2016-02 will have on the Consolidated Financial Statements of the Company. However, the Company currently believes that the adoption of ASU 2016-02 will not have a material impact for operating leases where it is a lessor and will continue to record revenues from rental properties for its operating leases on a straight-line basis. However, for leases where the Company is a lessee, primarily for the Company’s ground leases and administrative office leases, the Company will be required to record a lease liability and a right of use asset on its Consolidated Balance Sheets at fair value upon adoption. In addition, direct internal leasing overhead costs will continue to be capitalized, however, indirect internal leasing overhead costs previously capitalized will be expensed under ASU 2016-02. In May 2014, the FASB issued ASU 2014-09, “ Revenue from Contracts with Customers (Topic 606). ” 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. The pronouncement allows either a full or modified retrospective method of adoption and is effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Early adoption was permitted for reporting periods beginning after December 15, 2016. A majority of the Company’s tenant-related revenue is recognized pursuant to lease agreements and will be governed by the recently issued leasing guidance discussed above. Based on an evaluation of the impact ASU 2014-09 will have on the Company’s sources of revenue, the Company has concluded that ASU 2014-09 will not have a material impact on the process for, timing of, and presentation and disclosure of revenue recognition from contracts with tenants and other customers. The majority of its revenue is out of the scope of ASU 2014-09. The Company will continue to follow the guidance under Accounting Standard Codification (“ASC”) 840 until the guidance within ASU 2016-02 is effective for the Company on January 1, 2019. 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 Consolidated Financial Statements of the Company. |
Nature of Business and Financ32
Nature of Business and Financial Statement Presentation (Tables) | 12 Months Ended |
Dec. 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) | 12 Months Ended |
Dec. 31, 2017 | |
Real Estate [Abstract] | |
Schedule of Business Acquisitions, by Acquisition | During the year ended December 31, 2017, the Company acquired the following assets, in separate transactions (dollars in thousands): Description (1) Location Month Acquired GLA Aggregate purchase price Outparcel building adjacent to Annex of Arlington Arlington Heights, IL Feb-17 5,760 $ 1,006 Outparcel adjacent to Northeast Plaza Atlanta, GA Feb-17 N/A 1,537 Arborland Center Ann Arbor, MI Mar-17 403,536 102,268 Building adjacent to Preston Park Plano, TX Apr-17 31,080 4,015 Outparcel building adjacent to Cobblestone Village St. Augustine, FL May-17 4,403 1,306 Outparcel adjacent to Wynnewood Village Dallas, TX May-17 N/A 1,658 Venice Village Shoppes Venice, FL Nov-17 175,054 33,486 Upland Town Square Upland, CA Nov-17 100,350 31,859 Plaza By The Sea San Clemente, CA Dec-17 49,089 13,352 769,272 $ 190,487 (1) No debt was assumed related to any of the listed acquisitions. During the year ended December 31, 2016, the Company acquired the following assets, in separate transactions (dollars in thousands): Description (1) Location Month Acquired GLA Aggregate purchase price Building at Rose Pavilion Pleasanton, CA Sept-16 28,530 $ 6,733 Felicita Town Center Escondido, CA Dec-16 126,502 40,100 155,032 $ 46,833 (1) No debt was assumed related to any of the listed acquisitions. |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The aggregate purchase price of the properties acquired during the years ended December 31, 2017 and 2016, respectively, has been allocated as follows: Year Ended December 31, Assets 2017 2016 Land $ 45,055 $ 14,059 Buildings 117,347 29,277 Building and tenant improvements 17,415 2,749 Above market leases (1) 3,051 652 In-place leases (2) 13,044 2,608 Total assets 195,912 49,345 Liabilities Below market leases (3) 4,103 2,512 Other liabilities 1,322 — Total liabilities 5,425 2,512 Net assets acquired $ 190,487 $ 46,833 (1) The weighted average amortization period at the time of acquisition for above market leases related to properties acquired during the years ended December 31, 2017 and 2016 was 5.5 years and 4.5 years, respectively. (2) The weighted average amortization period at the time of acquisition for in-place leases related to properties acquired during the years ended December 31, 2017 and 2016 was 7.5 years and 6.3 years, respectively. (3) The weighted average amortization period at the time of acquisition for below market leases related to properties acquired during the years ended December 31, 2017 and 2016 was 16.3 years and 11.9 years, respectively. |
Real Estate (Tables)
Real Estate (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Real Estate [Abstract] | |
Schedule of real estate properties | The Company’s components of Real estate, net consisted of the following: December 31, 2017 December 31, 2016 Land $ 1,984,309 $ 2,006,655 Buildings and improvements: Buildings and tenant improvements (1) 8,145,085 8,165,672 Lease intangibles (2) 792,097 836,731 10,921,491 11,009,058 Accumulated depreciation and amortization (3) (2,361,070 ) (2,167,054 ) Total $ 8,560,421 $ 8,842,004 (1) At December 31, 2017 and 2016, Buildings and tenant improvements included accrued amounts of $ 22.8 million and $ 10.5 million , respectively, related to construction in progress, net of any anticipated insurance proceeds. (2) At December 31, 2017 and 2016, Lease intangibles consisted of $715.1 million and $758.0 million , respectively, of in-place leases and $77.0 million and $78.7 million , respectively, of above-market leases. These intangible assets are amortized over the term of each related lease. (3) At December 31, 2017 and 2016, Accumulated depreciation and amortization included $629.1 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 | The Company’s estimated below-market lease accretion income, net of above-market lease amortization, and in-place leases amortization expense, for the next five years are as follows: Year ending December 31, Below-market lease accretion (income), net of above-market lease amortization In-place leases amortization expense 2018 $ (24,568 ) $ 34,062 2019 (20,737 ) 26,939 2020 (16,924 ) 19,956 2021 (13,985 ) 14,382 2022 (11,741 ) 10,898 |
Impairments (Tables)
Impairments (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Impairment of Real Estate [Abstract] | |
Schedule of Impairments | The Company recognized the following impairments during the years ended December 31, 2017, 2016 and 2015: Year Ended December 31, 2017 Property Name (1) Location GLA Impairment Charge The Plaza at Salmon Run Watertown, NY 68,761 $ 3,486 Smith’s Socorro, NM 48,000 2,200 The Manchester Collection Manchester, CT 342,247 9,026 Renaissance Center East (2) Las Vegas, NV 144,216 1,658 Lexington Road Plaza (2) Versailles, KY 197,668 6,393 Shops at Seneca Mall (2) Liverpool, NY 231,024 2,226 Remount Village Shopping Center (2) North Charleston, SC 60,238 921 Fashion Square Orange Park, FL 36,029 2,125 The Shoppes at North Ridgeville (2) North Ridgeville, OH 59,852 389 Milford Center (2) Milford, CT 25,056 45 Highland Commons (2) Glasgow, KY 130,466 2,499 The Vineyards (2) Eastlake, OH 144,820 3,008 Salisbury Marketplace (2) Salisbury, NC 79,732 1,544 Austin Town Center (2) Austin, MN 110,680 1,853 Parkway Pointe (2) Springfield, IL 38,737 2,373 Crossroads Centre Fairview Heights, IL 242,752 358 1,960,278 $ 40,104 Year Ended December 31, 2016 Property Name (1) Location GLA Impairment Charge Inwood Forest (3) Houston, TX 77,553 $ 52 Plymouth Plaza (3) Plymouth Meeting, PA 30,013 1,997 Parcel at Country Hills Shopping Center Torrance, CA 3,500 550 Milford Center (2) Milford, CT 25,056 2,626 Other – N/A (71 ) 136,122 $ 5,154 Year Ended December 31, 2015 Property Name (1) Location GLA Impairment Charge Parkwest Crossing (4) Durham – Chapel Hill, NC 85,602 $ 807 Land Parcel (4) Omaha – Council Bluffs, NE-IA N/A 198 85,602 $ 1,005 (1) The Company recognized impairment charges based upon a change in the estimated hold period of these properties in connection with the Company’s capital recycling program. (2) The Company disposed of this property during the year ended December 31, 2017. (3) The Company disposed of this property during the year ended December 31, 2016. (4) The Company disposed of this property during the year ended December 31, 2015. |
Financial Instruments - Deriv36
Financial Instruments - Derivatives and Hedging (Tables) | 12 Months Ended |
Dec. 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 December 31, 2017 and 2016, respectively, is as follows: Fair Value of Derivative Instruments Interest rate swaps classified as: December 31, 2017 December 31, 2016 Gross derivative assets $ 24,420 $ 21,605 Gross derivative liabilities — — Net derivative assets $ 24,420 $ 21,605 |
Schedule of Derivatives in Cash Flow Hedging Relationships | The effective portion of the Company’s interest rate swaps that was recognized in the Company’s Consolidated Statements of Comprehensive Income for the years ended December 31, 2017, 2016 and 2015 is as follows: Derivatives in Cash Flow Hedging Relationships (Interest Rate Swaps) Year Ended December 31, 2017 2016 2015 Change in unrealized gain (loss) on interest rate swaps $ 4,976 $ 19,081 $ (7,612 ) Amortization (accretion) of interest rate swaps to interest expense (2,161 ) 4,961 9,598 Change in unrealized gain (loss) on interest rate swaps, net $ 2,815 $ 24,042 $ 1,986 |
Cash Flow Hedging | Designated as Hedging Instrument | |
Derivative [Line Items] | |
Schedule of interest rate derivatives | Detail on the Company’s interest rate derivatives designated as cash flow hedges outstanding as of December 31, 2017 and 2016 is as follows: Number of Instruments Notional Amount December 31, 2017 December 31, 2016 December 31, 2017 December 31, 2016 Interest Rate Swaps 9 9 $ 1,400,000 $ 1,400,000 |
Debt Obligations (Tables)
Debt Obligations (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Debt Disclosure [Abstract] | |
Debt obligations under various arrangements with financial institutions | As of December 31, 2017 and 2016, the Company had the following indebtedness outstanding: Carrying Value as of December 31, 2017 December 31, 2016 Stated Interest Rate (1) Scheduled Maturity Date Secured loans Secured loans (2)(3) $ 902,717 $ 1,312,292 4.40% – 7.89% 2018 – 2024 Net unamortized premium 15,321 25,189 Net unamortized debt issuance costs (93 ) (387 ) Total secured loans, net $ 917,945 $ 1,337,094 Notes payable Unsecured notes (4) $ 3,218,453 $ 2,318,453 3.25% – 7.97% 2022 – 2029 Net unamortized discount (13,485 ) (9,097 ) Net unamortized debt issuance costs (22,476 ) (17,402 ) Total notes payable, net $ 3,182,492 $ 2,291,954 Unsecured Credit Facility and term loans Unsecured Credit Facility (5) $ 685,000 $ 1,622,000 2.73% 2018 – 2021 Unsecured $600 Million Term Loan (6) 600,000 600,000 2.78% 2019 Unsecured $300 Million Term Loan (7) 300,000 — 3.26% 2024 Net unamortized debt issuance costs (9,199 ) (12,159 ) Total Unsecured Credit Facility and term loans $ 1,575,801 $ 2,209,841 Total debt obligations, net $ 5,676,238 $ 5,838,889 (1) The stated interest rates are as of December 31, 2017 and do not include the impact of the Company’s interest rate swap agreements (described below). (2) 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 December 31, 2017 of approximately $1.7 billion . (3) The weighted average stated interest rate on the Company’s fixed rate secured loans was 6.16% as of December 31, 2017. (4) The weighted average stated interest rate on the Company’s unsecured notes was 3.81% as of December 31, 2017. (5) Effective November 1, 2016, the Company has in place an interest rate swap agreement that converts the variable interest rate on $185.0 million of a term loan under the Company’s senior unsecured credit facility agreement, as amended July 25, 2016, (the “Unsecured Credit Facility”) to a fixed interest rate of 0.82% (plus a spread of 135 bps) through July 31, 2018, and three interest rate swap agreements that convert the variable interest rate on a $500.0 million term loan under the Unsecured Credit Facility to a fixed, combined interest rate of 1.11% (plus a spread of 135 bps) through July 30, 2021. (6) Effective November 1, 2016, the Company has in place two interest rate swap agreements that convert the variable interest rate on $200.0 million of the Company’s $600 million term loan agreement, as amended July 25, 2016, (the “$600 Million Term Loan”) to a fixed, combined interest rate of 0.82% (plus a spread of 140 bps) through July 31, 2018, and three interest rate swap agreements that convert the variable interest rate on $400.0 million of the $600 Million Term Loan to a fixed, combined interest rate of 0.88% (plus a spread of 140 bps) through March 18, 2019. (7) Effective July 28, 2017, the Company has in place an interest rate swap agreement that converts the variable interest rate on $115.0 million of the $300 Million Term Loan (defined below) to a fixed, combined interest rate of 0.82% (plus a spread of 190 bps) through July 31, 2018. |
Future expected/scheduled maturities of outstanding debt and capital lease obligations | As of December 31, 2017 and 2016, the Company had accrued interest of $35.9 million and $34.1 million outstanding, respectively. As of December 31, 2017, scheduled amortization and maturities of the Company’s outstanding debt obligations were as follows: Year ending December 31, 2018 $ 203,118 2019 618,679 2020 672,695 2021 686,225 2022 500,000 Thereafter 3,025,453 Total debt maturities 5,706,170 Net unamortized premiums and discounts 1,836 Net unamortized debt issuance costs (31,768 ) Total debt obligations, net $ 5,676,238 |
Fair Value Disclosures (Tables)
Fair Value Disclosures (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Fair Value Disclosures [Abstract] | |
Schedule Of Fair Value Debt Obligation | All financial instruments of the Company are reflected in the accompanying Consolidated Balance Sheets at amounts which, in management’s judgment, reasonably approximate their fair values, except those instruments listed below: December 31, 2017 December 31, 2016 Carrying Amounts Fair Value Carrying Amounts Fair Value Secured loans $ 917,945 $ 963,702 $ 1,337,094 $ 1,410,698 Notes payable 3,182,492 3,224,877 2,291,954 2,302,048 Unsecured Credit Facility and term loans 1,575,801 1,586,206 2,209,841 2,223,807 Total debt obligations, net $ 5,676,238 $ 5,774,785 $ 5,838,889 $ 5,936,553 |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | Fair Value Measurements as of December 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) $ 28,006 $ 725 $ 27,281 $ — Interest rate derivatives $ 24,420 $ — $ 24,420 $ — 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 December 31, 2017 and 2016, marketable securities included $0.2 million and $0.1 million of net unrealized losses, respectively. |
Fair Value Measurements, Nonrecurring | Fair Value Measurements as of December 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) $ 73,303 $ — $ — $ 73,303 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) $ 135 $ — $ — $ 135 (1) During the year ended December 31, 2017, the Company recognized $28.0 million of impairment based upon offers from third party buyers and $12.1 million of impairment based upon discounted cash flow analysis. 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 year ended December 31, 2017 include: (i) $7.8 million related to The Plaza at Salmon Run, (ii) $1.9 million related to Smith’s, (iii) $46.9 million related to The Manchester Collection, (iv) $2.4 million related to Fashion Square, and (v) $14.3 million related to Crossroads Centre. (3) The carrying value of a parcel at Country Hills Shopping Center was remeasured to fair value during the year ended December 31, 2016. |
Revenue Recognition (Tables)
Revenue Recognition (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Revenue Recognition [Abstract] | |
Schedule of Future Minimum Rental Payments for Operating Leases | Future minimum annual base rents also do not include payments which may be received under certain leases for percentage rent or the reimbursement of operating expenses such as real estate taxes, insurance and other common area expenses. Year ending December 31, 2018 $ 886,593 2019 778,828 2020 652,304 2021 531,335 2022 412,230 Thereafter 1,442,980 Minimum annual rental commitments associated with these leases during the next five years and thereafter are as follows: Year ending December 31, 2018 $ 7,092 2019 7,010 2020 7,027 2021 7,231 2022 7,215 Thereafter 71,860 Total minimum annual rental commitments $ 107,435 |
Stock Based Compensation (Table
Stock Based Compensation (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Schedule of share-based compensation, restricted stock activity | Information with respect to RSUs and LTIP Units for the years ended December 31, 2017, 2016 and 2015 are as follows (in thousands): Restricted Shares Aggregate Intrinsic Value Outstanding, December 31, 2014 1,821 $ 29,641 Vested (1,341 ) (19,828 ) Granted 735 16,766 Forfeited (43 ) (930 ) Outstanding, December 31, 2015 1,172 25,649 Vested (519 ) (12,550 ) Granted 881 18,842 Forfeited (519 ) (8,861 ) Outstanding, December 31, 2016 1,015 23,080 Vested (343 ) (7,614 ) Granted 633 12,762 Forfeited (69 ) (1,254 ) Outstanding, December 31, 2017 1,236 $ 26,974 |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Earnings Per Share [Abstract] | |
Schedule of earnings per share, basic and diluted | for the years ended December 31, 2017, 2016 and 2015: Year Ended December 31, 2017 2016 2015 Computation of Basic Earnings Per Share: Net income $ 300,369 $ 278,142 $ 197,536 Net income attributable to non-controlling interests (76 ) (2,514 ) (3,816 ) Non-forfeitable dividends on unvested restricted shares (37 ) (40 ) (23 ) Preferred stock dividends (39 ) (150 ) (150 ) Net income attributable to the Company’s common stockholders for basic earnings per share $ 300,217 $ 275,438 $ 193,547 Weighted average number shares outstanding – basic 304,834 301,601 298,004 Basic Earnings Per Share Attributable to the Company’s Common Stockholders: Net income $ 0.98 $ 0.91 $ 0.65 Computation of Diluted Earnings Per Share: Net income attributable to the Company’s common stockholders for basic earnings per share $ 300,217 $ 275,438 $ 193,547 Allocation of net income to dilutive convertible non-controlling interests 76 2,514 3,816 Net income attributable to the Company’s common stockholders for diluted earnings per share $ 300,293 $ 277,952 $ 197,363 Weighted average shares outstanding – basic 304,834 301,601 298,004 Effect of dilutive securities: Conversion of OP Units 79 3,000 5,988 Equity awards 368 459 1,025 Weighted average shares outstanding – diluted 305,281 305,060 305,017 Diluted Earnings Per Share Attributable to the Company’s Common Stockholders: Net income $ 0.98 $ 0.91 $ 0.65 |
Earnings per Unit (Tables)
Earnings per Unit (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Schedule of Earnings per Share [Line Items] | |
Schedule of earnings per unit, basic and diluted | for the years ended December 31, 2017, 2016 and 2015: Year Ended December 31, 2017 2016 2015 Computation of Basic Earnings Per Share: Net income $ 300,369 $ 278,142 $ 197,536 Net income attributable to non-controlling interests (76 ) (2,514 ) (3,816 ) Non-forfeitable dividends on unvested restricted shares (37 ) (40 ) (23 ) Preferred stock dividends (39 ) (150 ) (150 ) Net income attributable to the Company’s common stockholders for basic earnings per share $ 300,217 $ 275,438 $ 193,547 Weighted average number shares outstanding – basic 304,834 301,601 298,004 Basic Earnings Per Share Attributable to the Company’s Common Stockholders: Net income $ 0.98 $ 0.91 $ 0.65 Computation of Diluted Earnings Per Share: Net income attributable to the Company’s common stockholders for basic earnings per share $ 300,217 $ 275,438 $ 193,547 Allocation of net income to dilutive convertible non-controlling interests 76 2,514 3,816 Net income attributable to the Company’s common stockholders for diluted earnings per share $ 300,293 $ 277,952 $ 197,363 Weighted average shares outstanding – basic 304,834 301,601 298,004 Effect of dilutive securities: Conversion of OP Units 79 3,000 5,988 Equity awards 368 459 1,025 Weighted average shares outstanding – diluted 305,281 305,060 305,017 Diluted Earnings Per Share Attributable to the Company’s Common Stockholders: Net income $ 0.98 $ 0.91 $ 0.65 |
Brixmor Operating Partnership LP | |
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 years ended December 31, 2017, 2016 and 2015: Year Ended December 31, 2017 2016 2015 Computation of Basic Earnings Per Unit: Net income attributable to Brixmor Operating Partnership LP $ 300,369 $ 278,142 $ 197,536 Non-forfeitable dividends on unvested restricted units (37 ) (40 ) (23 ) Net income attributable to the Operating Partnership’s common units for basic earnings per unit $ 300,332 $ 278,102 $ 197,513 Weighted average number common units outstanding – basic 304,913 304,600 303,992 Basic Earnings Per Unit Attributable to the Operating Partnership’s Common Units: Net income $ 0.98 $ 0.91 $ 0.65 Computation of Diluted Earnings Per Unit: Net income attributable to the Operating Partnership’s common units for diluted earnings per unit $ 300,332 $ 278,102 $ 197,513 Weighted average common units outstanding – basic 304,913 304,600 303,992 Effect of dilutive securities: Equity awards 368 459 1,025 Weighted average common units outstanding – diluted 305,281 305,059 305,017 Diluted Earnings Per Unit Attributable to the Operating Partnership’s Common Units: Net income $ 0.98 $ 0.91 $ 0.65 |
Commitments and Contingencies (
Commitments and Contingencies (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Commitments and Contingencies Disclosure [Abstract] | |
Schedule of Future Minimum Rental Payments for Operating Leases | Future minimum annual base rents also do not include payments which may be received under certain leases for percentage rent or the reimbursement of operating expenses such as real estate taxes, insurance and other common area expenses. Year ending December 31, 2018 $ 886,593 2019 778,828 2020 652,304 2021 531,335 2022 412,230 Thereafter 1,442,980 Minimum annual rental commitments associated with these leases during the next five years and thereafter are as follows: Year ending December 31, 2018 $ 7,092 2019 7,010 2020 7,027 2021 7,231 2022 7,215 Thereafter 71,860 Total minimum annual rental commitments $ 107,435 |
Schedule of Activity in Reserve for Losses for Insurance Captive | Activity in the reserve for losses for the years ended December 31, 2017 and 2016 is summarized as follows (in thousands): Year End December 31, 2017 2016 Balance at the beginning of the year $ 15,045 $ 14,393 Incurred related to: Current year 4,205 4,625 Prior years (3,157 ) (828 ) Total incurred 1,048 3,797 Paid related to: Current year (299 ) (171 ) Prior years (2,499 ) (2,974 ) Total paid (2,798 ) (3,145 ) Balance at the end of the year $ 13,295 $ 15,045 |
Supplemental Financial Inform44
Supplemental Financial Information (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Quarterly Financial Information Disclosure [Abstract] | |
Schedule of Quarterly Financial Information | The following table summarizes selected Quarterly Financial Data for the Company on a historical basis for the years ended December 31, 2017 and 2016 and has been derived from the accompanying consolidated financial statements (in thousands except per share and per unit data): Brixmor Property Group Inc. First Quarter Second Quarter Third Quarter Fourth Quarter Year Ended December 31, 2017 Total revenues $ 325,806 $ 322,818 $ 314,496 $ 320,060 Net income attributable to common stockholders $ 71,579 $ 75,399 $ 83,380 $ 69,896 Net income attributable to common stockholders per share: Basic (1) $ 0.23 $ 0.25 $ 0.27 $ 0.23 Diluted (1) $ 0.23 $ 0.25 $ 0.27 $ 0.23 Year Ended December 31, 2016 Total revenues $ 323,104 $ 310,057 $ 318,577 $ 324,034 Net income attributable to common stockholders $ 60,477 $ 64,456 $ 57,492 $ 93,053 Net income attributable to common stockholders per share: Basic (1) $ 0.20 $ 0.21 $ 0.19 $ 0.31 Diluted (1) $ 0.20 $ 0.21 $ 0.19 $ 0.31 (1) The sum of the quarterly Basic and Diluted earnings per share may not equal the Basic and Diluted earnings per share for the years ended December 31, 2017 and 2016 due to rounding. Brixmor Operating Partnership LP First Quarter Second Quarter Third Quarter Fourth Quarter Year Ended December 31, 2017 Total revenues $ 325,806 $ 322,818 $ 314,496 $ 320,060 Net income attributable to partnership common units $ 71,655 $ 75,438 $ 83,380 $ 69,896 Net income attributable to common unitholders per unit: Basic (1) $ 0.23 $ 0.25 $ 0.27 $ 0.23 Diluted (1) $ 0.23 $ 0.25 $ 0.27 $ 0.23 Year Ended December 31, 2016 Total revenues $ 323,104 $ 310,057 $ 318,577 $ 324,034 Net income attributable to partnership common units $ 61,549 $ 65,470 $ 57,805 $ 93,318 Net income attributable to common unitholders per unit: Basic (1) $ 0.20 $ 0.21 $ 0.19 $ 0.31 Diluted (1) $ 0.20 $ 0.21 $ 0.19 $ 0.31 (1) The sum of the quarterly Basic and Diluted earnings per share may not equal the Basic and Diluted earnings per share for the years ended December 31, 2017 and 2016 due to rounding. |
Nature of Business and Financ45
Nature of Business and Financial Statement Presentation (Narrative) (Details) $ in Millions | 12 Months Ended | |
Dec. 31, 2017USD ($)ft²Property | Dec. 31, 2016ft² | |
Nture of Oerations and Financial Statements Presentation [Line Items] | ||
GLA | ft² | 769,272 | 155,032 |
Capitalized transaction costs | $ | $ 0.9 | |
Shopping Center | ||
Nture of Oerations and Financial Statements Presentation [Line Items] | ||
Number of real estate properties | Property | 486 | |
GLA | ft² | 83,000,000 | |
Land Parcel | ||
Nture of Oerations and Financial Statements Presentation [Line Items] | ||
Number of real estate properties held through an unconsolidated joint venture | Property | 1 | |
Parent Company | BPG Sub | ||
Nture of Oerations and Financial Statements Presentation [Line Items] | ||
Ownership percentage | 100.00% |
Nature of Business and Financ46
Nature of Business and Financial Statement Presentation (Useful Lives) (Details) | 12 Months Ended |
Dec. 31, 2017 | |
Building and building and land improvements | Minimum | |
Property, Plant and Equipment [Line Items] | |
Useful life | 20 years |
Building and building and land improvements | Maximum | |
Property, Plant and Equipment [Line Items] | |
Useful life | 40 years |
Furniture, fixtures, and equipment | Minimum | |
Property, Plant and Equipment [Line Items] | |
Useful life | 5 years |
Furniture, fixtures, and equipment | Maximum | |
Property, Plant and Equipment [Line Items] | |
Useful life | 10 years |
Tenant improvements | |
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 | 12 Months Ended | |
Dec. 31, 2017USD ($)ft² | Dec. 31, 2016USD ($)ft² | |
Business Acquisition [Line Items] | ||
GLA | ft² | 769,272 | 155,032 |
Aggregate purchase price | $ 190,487 | $ 46,833 |
Outparcel building adjacent to Annex of Arlington | ||
Business Acquisition [Line Items] | ||
GLA | ft² | 5,760 | |
Aggregate purchase price | $ 1,006 | |
Outparcel adjacent to Northeast Plaza | ||
Business Acquisition [Line Items] | ||
Aggregate purchase price | $ 1,537 | |
Arborland Center | ||
Business Acquisition [Line Items] | ||
GLA | ft² | 403,536 | |
Aggregate purchase price | $ 102,268 | |
Building adjacent to Preston Park | ||
Business Acquisition [Line Items] | ||
GLA | ft² | 31,080 | |
Aggregate purchase price | $ 4,015 | |
Outparcel building adjacent to Cobblestone Village | ||
Business Acquisition [Line Items] | ||
GLA | ft² | 4,403 | |
Aggregate purchase price | $ 1,306 | |
Outparcel adjacent to Wynnewood Village | ||
Business Acquisition [Line Items] | ||
Aggregate purchase price | $ 1,658 | |
Venice Village Shoppes | ||
Business Acquisition [Line Items] | ||
GLA | ft² | 175,054 | |
Aggregate purchase price | $ 33,486 | |
Upland Town Square | ||
Business Acquisition [Line Items] | ||
GLA | ft² | 100,350 | |
Aggregate purchase price | $ 31,859 | |
Plaza By The Sea | ||
Business Acquisition [Line Items] | ||
GLA | ft² | 49,089 | |
Aggregate purchase price | $ 13,352 | |
Building at Rose Pavilion | ||
Business Acquisition [Line Items] | ||
GLA | ft² | 28,530 | |
Aggregate purchase price | $ 6,733 | |
Felicita Town Center | ||
Business Acquisition [Line Items] | ||
GLA | ft² | 126,502 | |
Aggregate purchase price | $ 40,100 |
Acquisition of Real Estate (Pur
Acquisition of Real Estate (Purchase Price) (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Acquired Properties | ||
Assets | ||
Land | $ 45,055 | $ 14,059 |
Buildings | 117,347 | 29,277 |
Building Improvements | 17,415 | 2,749 |
Above market rents | 3,051 | 652 |
In-place leases | 13,044 | 2,608 |
Total assets | 195,912 | 49,345 |
Liabilities | ||
Below market leases | 4,103 | 2,512 |
Other liabilities | 1,322 | 0 |
Total liabilities | 5,425 | 2,512 |
Net assets acquired | $ 190,487 | $ 46,833 |
Above market leases | ||
Liabilities | ||
Amortization period | 5 years 6 months | 4 years 6 months |
Leases, acquired-in-place | ||
Liabilities | ||
Amortization period | 7 years 6 months | 6 years 3 months 18 days |
Below market leases | ||
Liabilities | ||
Amortization period | 16 years 3 months 18 days | 11 years 10 months 24 days |
Acquisition of Real Estate (Nar
Acquisition of Real Estate (Narrative) (Details) $ in Millions | 12 Months Ended | ||
Dec. 31, 2017USD ($) | Dec. 31, 2016USD ($)land_parcel | Dec. 31, 2015USD ($) | |
Real Estate Properties [Line Items] | |||
Capitalized transaction costs | $ 0.9 | ||
Other Nonoperating Income (Expense) | |||
Real Estate Properties [Line Items] | |||
Acquisition related expenses | 1.4 | $ 0.5 | $ 2.3 |
Capitalized transaction costs | 0.5 | ||
Building and Tenant Improvements | |||
Real Estate Properties [Line Items] | |||
Capitalized transaction costs | $ 0.9 | ||
Acquired Land Parcels | |||
Real Estate Properties [Line Items] | |||
Number of outparcels acquired | land_parcel | 2 | ||
Acquired Outparcels | |||
Real Estate Properties [Line Items] | |||
Number of outparcels acquired | land_parcel | 1 | ||
Acquired Real Estate | |||
Real Estate Properties [Line Items] | |||
Aggregate purchase price | $ 1.2 |
Disposals, Discontinued Opera50
Disposals, Discontinued Operations and Assets Held for Sale (Narrative) (Details) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017USD ($)Propertyland_parcelshopping_center | Dec. 31, 2016USD ($)buildingland_parcelshopping_center | Dec. 31, 2015USD ($) | |
Schedule of Acquisitions and Dispositions [Line Items] | |||
Gain on sale | $ 68,847 | $ 35,613 | $ 11,744 |
Proceeds from sale of unconsolidated joint venture interest | 12,369 | 0 | 0 |
Gain on disposition of unconsolidated joint venture interest | 4,556 | $ 0 | $ 0 |
Other assets | |||
Schedule of Acquisitions and Dispositions [Line Items] | |||
Aggregate book value | $ 27,100 | ||
Disposed of by Sale | |||
Schedule of Acquisitions and Dispositions [Line Items] | |||
Number of shopping centers sold | shopping_center | 29 | 6 | |
Number of outparcels sold | land_parcel | 2 | 1 | |
Proceeds from sale of property | $ 330,800 | $ 102,900 | |
Gain on sale | 68,700 | 35,600 | |
Provisions of impairment | $ 22,900 | $ 2,000 | |
Number of buildings sold | building | 1 | ||
Held-for-sale | |||
Schedule of Acquisitions and Dispositions [Line Items] | |||
Number of real estate properties | Property | 1 |
Real Estate (Details)
Real Estate (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Real Estate Owned, Disclosure of Detailed Components [Abstract] | |||
Land | $ 1,984,309 | $ 2,006,655 | |
Building and tenant improvements | 8,145,085 | 8,165,672 | |
Lease intangibles | 792,097 | 836,731 | |
Real estate, gross | 10,921,491 | 11,009,058 | |
Accumulated depreciation and amortization | (2,361,070) | (2,167,054) | |
Real estate, net | 8,560,421 | 8,842,004 | |
Accrued capital expenditures and tenant improvements | 22,800 | 10,500 | |
Accumulated amortization | 629,100 | 632,800 | |
Intangible liabilities relating to below-market leases | 463,300 | 485,200 | |
Accumulated amortization on below-market leases | 281,500 | 261,700 | |
Below-market lease intangible amortization | 29,600 | 37,700 | $ 47,800 |
Amortization of intangible assets | 46,200 | 60,000 | $ 88,100 |
Leases, acquired-in-place | |||
Real Estate Owned, Disclosure of Detailed Components [Abstract] | |||
In-place lease value | 715,100 | 758,000 | |
In-place leases amortization expense | |||
2,018 | 34,062 | ||
2,019 | 26,939 | ||
2,020 | 19,956 | ||
2,021 | 14,382 | ||
2,022 | 10,898 | ||
Above market leases | |||
Real Estate Owned, Disclosure of Detailed Components [Abstract] | |||
Above market leases | 77,000 | $ 78,700 | |
Below-market lease accretion (income), net of above-market lease amortization | |||
Below-market lease accretion (income), net of above-market lease amortization | |||
2,018 | (24,568) | ||
2,019 | (20,737) | ||
2,020 | (16,924) | ||
2,021 | (13,985) | ||
2,022 | $ (11,741) |
Impairments (Details)
Impairments (Details) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017USD ($)ft² | Dec. 31, 2016USD ($)ft² | Dec. 31, 2015USD ($)ft² | |
Real Estate Properties [Line Items] | |||
GLA | ft² | 1,960,278 | 136,122 | 85,602 |
Impairment Charge | $ 40,104 | $ 5,154 | $ 1,005 |
The Plaza at Salmon Run | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 68,761 | ||
Impairment Charge | $ 3,486 | ||
Smith's | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 48,000 | ||
Impairment Charge | $ 2,200 | ||
The Manchester Collection | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 342,247 | ||
Impairment Charge | $ 9,026 | ||
Renaissance Center East | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 144,216 | ||
Impairment Charge | $ 1,658 | ||
Lexington Road Plaza | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 197,668 | ||
Impairment Charge | $ 6,393 | ||
Shops at Seneca Mall | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 231,024 | ||
Impairment Charge | $ 2,226 | ||
Remount Village Shopping Center | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 60,238 | ||
Impairment Charge | $ 921 | ||
Fashion Square | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 36,029 | ||
Impairment Charge | $ 2,125 | ||
The Shoppes at North Ridgeville | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 59,852 | ||
Impairment Charge | $ 389 | ||
Milford Center | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 25,056 | 25,056 | |
Impairment Charge | $ 45 | $ 2,626 | |
Highland Commons, Glasgow, KY | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 130,466 | ||
Impairment Charge | $ 2,499 | ||
The Vineyards, Eastlake, OH | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 144,820 | ||
Impairment Charge | $ 3,008 | ||
Salisbury Marketplace, Salisbury, NC | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 79,732 | ||
Impairment Charge | $ 1,544 | ||
Austin Town Center, Austin, MN | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 110,680 | ||
Impairment Charge | $ 1,853 | ||
Parkway Pointe, Springfield, IL | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 38,737 | ||
Impairment Charge | $ 2,373 | ||
Crossroads Center, Fairview Heights, IL | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 242,752 | ||
Impairment Charge | $ 358 | ||
Inwood Forest | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 77,553 | ||
Impairment Charge | $ 52 | ||
Plymouth Plaza | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 30,013 | ||
Impairment Charge | $ 1,997 | ||
Parcel at Country Hills Shopping Center | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 3,500 | ||
Impairment Charge | $ 550 | ||
Other | |||
Real Estate Properties [Line Items] | |||
Impairment Charge | $ (71) | ||
Parkwest Crossing | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 85,602 | ||
Impairment Charge | $ 807 | ||
Land Parcel | |||
Real Estate Properties [Line Items] | |||
Impairment Charge | $ 198 |
Financial Instruments - Deriv53
Financial Instruments - Derivatives and Hedging (Notional Amount) (Details) | 12 Months Ended | |
Dec. 31, 2017USD ($)derivative_instrument | Dec. 31, 2016USD ($)derivative_instrument | |
Derivative [Line Items] | ||
Amount expected to be reclassified from accumulated other comprehensive loss in the next twelve months | $ 9,600,000 | |
Interest Rate Swap | Designated as Hedging Instrument | ||
Derivative [Line Items] | ||
Number of Instruments | derivative_instrument | 9 | 9 |
Notional Amount | $ 1,400,000,000 | $ 1,400,000,000 |
Financial Instruments - Deriv54
Financial Instruments - Derivatives and Hedging (Fair Value) (Details) - Interest Rate Swap - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Derivatives, Fair Value [Line Items] | ||
Gross derivative assets | $ 24,420 | $ 21,605 |
Gross derivative liabilities | 0 | 0 |
Net derivative assets | $ 24,420 | $ 21,605 |
Financial Instruments - Deriv55
Financial Instruments - Derivatives and Hedging (Cash Flow Hedging Relationship) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |||
Change in unrealized gain (loss) on interest rate swaps | $ 4,976 | $ 19,081 | $ (7,612) |
Amortization (accretion) of interest rate swaps to interest expense | (2,161) | 4,961 | 9,598 |
Change in unrealized gain (loss) on interest rate swaps, net | $ 2,815 | $ 24,042 | $ 1,986 |
Debt Obligations (Shedule of De
Debt Obligations (Shedule of Debt) (Details) | 12 Months Ended | ||
Dec. 31, 2017USD ($)derivative_instrument | Jul. 31, 2017USD ($) | Dec. 31, 2016USD ($)derivative_instrument | |
Debt obligations under various arrangements with financial institutions | |||
Long-term debt | $ 5,706,170,000 | ||
Net unamortized premiums and discounts | 1,836,000 | ||
Net unamortized debt issuance costs | (31,768,000) | ||
Total debt obligations | 5,676,238,000 | $ 5,838,889,000 | |
Collateral carrying value | $ 1,700,000,000 | ||
Interest Rate Swap | Designated as Hedging Instrument | |||
Debt obligations under various arrangements with financial institutions | |||
Number of Instruments | derivative_instrument | 9 | 9 | |
Notional Amount | $ 1,400,000,000 | $ 1,400,000,000 | |
Term Loan | Interest Rate Swap | Designated as Hedging Instrument | |||
Debt obligations under various arrangements with financial institutions | |||
Number of Instruments | derivative_instrument | 1 | ||
Term Loan | Unsecured $600M Term Loan | 400.0 Million Interest Rate Swaps | |||
Debt obligations under various arrangements with financial institutions | |||
Stated spread rate | 1.40% | ||
Effective percentage | 0.88% | ||
Term Loan | Unsecured $600M Term Loan | 400.0 Million Interest Rate Swaps | Designated as Hedging Instrument | |||
Debt obligations under various arrangements with financial institutions | |||
Number of Instruments | derivative_instrument | 3 | ||
Term Loan | Unsecured $600M Term Loan | 200.0 Million Interest Rate Swaps | |||
Debt obligations under various arrangements with financial institutions | |||
Effective percentage | 0.82% | ||
Term Loan | Unsecured $600M Term Loan | 200.0 Million Interest Rate Swaps | Designated as Hedging Instrument | |||
Debt obligations under various arrangements with financial institutions | |||
Number of Instruments | derivative_instrument | 2 | ||
Term Loan | Term Loan, Expires 07/31/2021 | Interest Rate Swap | Designated as Hedging Instrument | |||
Debt obligations under various arrangements with financial institutions | |||
Number of Instruments | derivative_instrument | 3 | ||
Term Loan | Unsecured $300M Term Loan | |||
Debt obligations under various arrangements with financial institutions | |||
Stated spread rate | 1.90% | ||
Notional Amount | $ 115,000,000 | ||
Effective percentage | 0.82% | ||
Term Loan | Unsecured $300M Term Loan | Interest Rate Swap | Designated as Hedging Instrument | |||
Debt obligations under various arrangements with financial institutions | |||
Number of Instruments | derivative_instrument | 1 | ||
Secured Debt | |||
Debt obligations under various arrangements with financial institutions | |||
Long-term debt | $ 902,717,000 | 1,312,292,000 | |
Net unamortized premiums and discounts | 15,321,000 | 25,189,000 | |
Net unamortized debt issuance costs | (93,000) | (387,000) | |
Long-term Debt | $ 917,945,000 | 1,337,094,000 | |
Weighted average fixed interest rate | 6.16% | ||
Secured Debt | Minimum | |||
Debt obligations under various arrangements with financial institutions | |||
Stated percentage | 4.40% | ||
Secured Debt | Maximum | |||
Debt obligations under various arrangements with financial institutions | |||
Stated percentage | 7.89% | ||
Unsecured Debt | |||
Debt obligations under various arrangements with financial institutions | |||
Long-term debt | $ 3,218,453,000 | 2,318,453,000 | |
Net unamortized debt issuance costs | (22,476,000) | (17,402,000) | |
Net unamortized discount | (13,485,000) | (9,097,000) | |
Long-term Debt | $ 3,182,492,000 | 2,291,954,000 | |
Weighted average fixed interest rate | 3.81% | ||
Unsecured Debt | Minimum | |||
Debt obligations under various arrangements with financial institutions | |||
Stated percentage | 3.25% | ||
Unsecured Debt | Maximum | |||
Debt obligations under various arrangements with financial institutions | |||
Stated percentage | 7.97% | ||
Unsecured Debt | Unsecured Credit Facility | |||
Debt obligations under various arrangements with financial institutions | |||
Long-term debt | $ 685,000,000 | 1,622,000,000 | |
Stated percentage | 2.725% | ||
Unsecured Debt | Term Loan | |||
Debt obligations under various arrangements with financial institutions | |||
Stated spread rate | 1.35% | ||
Term loan face amount | $ 185,000,000 | ||
Effective percentage | 0.82% | ||
Unsecured Debt | Term Loan | Unsecured $600M Term Loan | |||
Debt obligations under various arrangements with financial institutions | |||
Long-term debt | $ 600,000,000 | 600,000,000 | |
Stated percentage | 2.775% | ||
Term loan face amount | $ 600,000,000 | ||
Unsecured Debt | Term Loan | Unsecured $600M Term Loan | 400.0 Million Interest Rate Swaps | |||
Debt obligations under various arrangements with financial institutions | |||
Notional Amount | 400,000,000 | ||
Unsecured Debt | Term Loan | Unsecured $600M Term Loan | 200.0 Million Interest Rate Swaps | |||
Debt obligations under various arrangements with financial institutions | |||
Notional Amount | $ 200,000,000 | ||
Unsecured Debt | Term Loan | Term Loan, Expires 07/31/2021 | |||
Debt obligations under various arrangements with financial institutions | |||
Stated spread rate | 1.35% | ||
Term loan face amount | $ 500,000,000 | ||
Effective percentage | 1.11% | ||
Unsecured Debt | Term Loan | Unsecured $300M Term Loan | |||
Debt obligations under various arrangements with financial institutions | |||
Long-term debt | $ 300,000,000 | 0 | |
Stated percentage | 3.2607% | ||
Term loan face amount | $ 300,000,000 | $ 300,000,000 | |
Unsecured Debt | Unsecured Credit Facility and Term Loan | |||
Debt obligations under various arrangements with financial institutions | |||
Net unamortized debt issuance costs | (9,199,000) | (12,159,000) | |
Long-term Debt | $ 1,575,801,000 | $ 2,209,841,000 |
Debt Obligations (Maturities) (
Debt Obligations (Maturities) (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Future expected/scheduled maturities of outstanding debt and capital lease | ||
2,018 | $ 203,118 | |
2,019 | 618,679 | |
2,020 | 672,695 | |
2,021 | 686,225 | |
2,022 | 500,000 | |
Thereafter | 3,025,453 | |
Total debt maturities | 5,706,170 | |
Net unamortized premiums and discounts | 1,836 | |
Net unamortized debt issuance costs | (31,768) | |
Total debt obligations, net | $ 5,676,238 | $ 5,838,889 |
Debt Obligations (Narrative) (D
Debt Obligations (Narrative) (Details) - USD ($) | 1 Months Ended | 12 Months Ended | ||||
Jul. 31, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Debt Instrument [Line Items] | ||||||
Gain (loss) on extinguishment of debt, net | $ 498,000 | $ (832,000) | $ 1,720,000 | |||
Interest payable | 35,900,000 | 34,100,000 | ||||
Secured Debt | ||||||
Debt Instrument [Line Items] | ||||||
Debt repaid | 389,100,000 | |||||
Gain (loss) on extinguishment of debt, net | 500,000 | |||||
Brixmor Operating Partnership LP | ||||||
Debt Instrument [Line Items] | ||||||
Gain (loss) on extinguishment of debt, net | $ 498,000 | $ (832,000) | $ 1,720,000 | |||
Unsecured Debt | Minimum | ||||||
Debt Instrument [Line Items] | ||||||
Stated percentage | 3.25% | |||||
Unsecured Debt | Maximum | ||||||
Debt Instrument [Line Items] | ||||||
Stated percentage | 7.97% | |||||
Secured Debt | Minimum | ||||||
Debt Instrument [Line Items] | ||||||
Stated percentage | 4.40% | |||||
Secured Debt | Maximum | ||||||
Debt Instrument [Line Items] | ||||||
Stated percentage | 7.89% | |||||
Term Loan | Unsecured Debt | ||||||
Debt Instrument [Line Items] | ||||||
Term loan face amount | $ 185,000,000 | |||||
Stated spread rate | 1.35% | |||||
Term Loan | Secured Debt | ||||||
Debt Instrument [Line Items] | ||||||
Debt repaid | $ 815,000,000 | |||||
Revolving Credit Facility | Unsecured Debt | ||||||
Debt Instrument [Line Items] | ||||||
Debt repaid | $ 122,000,000 | |||||
Three Point Nine Zero Percent Senior Notes due 2027 | ||||||
Debt Instrument [Line Items] | ||||||
Term loan face amount | $ 400,000,000 | |||||
Stated percentage | 3.90% | |||||
Redemption price, percentage of principal amount redeemed | 100.00% | |||||
3.65% Senior Notes due 2024 | Term Loan | ||||||
Debt Instrument [Line Items] | ||||||
Term loan face amount | $ 500,000,000 | |||||
Stated percentage | 3.65% | |||||
Redemption price, percentage of principal amount redeemed | 100.00% | |||||
Unsecured $300M Term Loan | Term Loan | ||||||
Debt Instrument [Line Items] | ||||||
Stated spread rate | 1.90% | |||||
Unsecured $300M Term Loan | Term Loan | Unsecured Debt | ||||||
Debt Instrument [Line Items] | ||||||
Term loan face amount | $ 300,000,000 | $ 300,000,000 | ||||
Debt instrument, term | 7 years | |||||
Stated percentage | 3.2607% |
Fair Value Disclosures (Debt Ob
Fair Value Disclosures (Debt Obligations) (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Estimated fair value of the Company's debt obligations compared to their carrying amounts | ||
Mortgages and secured loans payable | $ 5,676,238 | $ 5,838,889 |
Total debt obligations, net | 5,676,238 | 5,838,889 |
Carrying Amount | ||
Estimated fair value of the Company's debt obligations compared to their carrying amounts | ||
Mortgages and secured loans payable | 917,945 | 1,337,094 |
Notes payable | 3,182,492 | 2,291,954 |
Unsecured credit facility and term loan | 1,575,801 | 2,209,841 |
Total debt obligations, net | 5,676,238 | 5,838,889 |
Fair Value | ||
Estimated fair value of the Company's debt obligations compared to their carrying amounts | ||
Mortgages and secured loans payable | 963,702 | 1,410,698 |
Notes payable | 3,224,877 | 2,302,048 |
Unsecured credit facility and term loan | 1,586,206 | 2,223,807 |
Total debt obligations | $ 5,774,785 | $ 5,936,553 |
Fair Value Disclosures (Measure
Fair Value Disclosures (Measurements) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Impairment of real estate | $ 40,104 | $ 5,154 | $ 1,005 |
The Plaza at Salmon Run | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Real Estate Investment, Fair Value | 7,800 | ||
Smith's | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Real Estate Investment, Fair Value | 1,900 | ||
The Manchester Collection | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Real Estate Investment, Fair Value | 46,900 | ||
Fashion Square | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Real Estate Investment, Fair Value | 2,400 | ||
Crossroads Center | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Real Estate Investment, Fair Value | 14,300 | ||
Discounted Cash Flow Analysis | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Impairment of real estate | 12,100 | ||
Third Party Buyer | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Impairment of real estate | 28,000 | ||
Maximum | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Marketable securities, unrealized losses | $ (200) | (100) | |
Fair Value Inputs, Discount Rate | 8.50% | ||
Fair Value Inputs, Terminal Capitalization Rate | 9.50% | ||
Minimum | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fair Value Inputs, Discount Rate | 7.00% | ||
Fair Value Inputs, Terminal Capitalization Rate | 7.90% | ||
Fair Value, Measurements, Recurring | Marketable Securities | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Derivative asset | $ 28,006 | 25,573 | |
Fair Value, Measurements, Recurring | Interest Rate Derivatives | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Derivative asset | 24,420 | 21,605 | |
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Marketable Securities | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Derivative asset | 725 | 5,679 | |
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Interest Rate Derivatives | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Derivative asset | 0 | 0 | |
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Marketable Securities | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Derivative asset | 27,281 | 19,894 | |
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Interest Rate Derivatives | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Derivative asset | 24,420 | 21,605 | |
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Marketable Securities | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Derivative asset | 0 | 0 | |
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Interest Rate Derivatives | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Derivative asset | 0 | 0 | |
Fair Value, Measurements, Nonrecurring | Properties | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Derivative asset | 73,303 | 135 | |
Fair Value, Measurements, Nonrecurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Properties | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Derivative asset | 0 | 0 | |
Fair Value, Measurements, Nonrecurring | Significant Other Observable Inputs (Level 2) | Properties | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Derivative asset | 0 | 0 | |
Fair Value, Measurements, Nonrecurring | Significant Unobservable Inputs (Level 3) | Properties | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Derivative asset | $ 73,303 | $ 135 |
Revenue Recognition (Details)
Revenue Recognition (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Revenue Recognition [Abstract] | |||
2,018 | $ 886,593 | ||
2,019 | 778,828 | ||
2,020 | 652,304 | ||
2,021 | 531,335 | ||
2,022 | 412,230 | ||
Thereafter | 1,442,980 | ||
Operating leases, income statement, revenue | 7,100 | $ 5,900 | $ 3,600 |
Allowance for doubtful accounts, rent receivables | 12,100 | 13,200 | |
Deferred rent receivables | 113,900 | 98,100 | |
Allowance for doubtful accounts, deferred rent receivables | $ 5,100 | $ 3,500 |
Equity and Capital (Details)
Equity and Capital (Details) - USD ($) $ / shares in Units, $ in Millions | Dec. 05, 2017 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Schedule of Shareholders' Equity [Line Items] | ||||
Common stock authorized for issuance, value, At-the-Market equity offering program | $ 400 | |||
Common stock available for issuance, value, At-the-Market equity offering program | $ 400 | |||
Dividends, per common share | $ 1.055 | $ 0.995 | $ 0.92 | |
Secondary offering expenses | $ 0.9 | $ 0.5 | ||
Series A Redeemable Preferred Stock [Member] | ||||
Schedule of Shareholders' Equity [Line Items] | ||||
Stock redeemed during period, shares | 125 | |||
Preferred stock, redemption price per share | $ 10,000 | |||
OP Units | ||||
Schedule of Shareholders' Equity [Line Items] | ||||
Conversion of stock, shares converted (in shares) | 400,000 | 4,800,000 | ||
Accounts Payable and Accrued Liabilities | ||||
Schedule of Shareholders' Equity [Line Items] | ||||
Dividends payable | $ 85.6 | $ 80.6 | ||
Common Stock | ||||
Schedule of Shareholders' Equity [Line Items] | ||||
Share repurchase program, number of shares authorized (in shares) | 300,000 | |||
Share repurchase program, average cost per share | $ 17.96 | |||
Share repurchase program, value | $ 5.9 | |||
Stock repurchased during period, shares | 327,000 | 100,000 | ||
Conversion of stock, shares converted (in shares) | 403,000 | 4,976,000 | 2,519,000 | |
Common Stock | RSUs | ||||
Schedule of Shareholders' Equity [Line Items] | ||||
Stock repurchased during period, shares | 100,000 | |||
Common Stock | Maximum | ||||
Schedule of Shareholders' Equity [Line Items] | ||||
Share repurchase program, authorized amount | $ 400 | |||
Parent Company | Operating Partnership | ||||
Schedule of Shareholders' Equity [Line Items] | ||||
Ownership percentage | 100.00% |
Stock Based Compensation (Narra
Stock Based Compensation (Narrative) (Details) - USD ($) $ in Thousands, shares in Millions | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Number of shares authorized | 15 | ||
Grants in period | 0.6 | 0.8 | 0.7 |
Risk free interest rate | 1.00% | ||
Expected dividend rate | 3.80% | ||
Equity based compensation | $ 10,477 | $ 11,569 | $ 23,331 |
Reversal of previously recognized equity compensation expense | 2,600 | ||
Accelerated share repurchases, allocated share-based compensation expense | 2,700 | ||
Share-based compensation associated with awards issued prior to the IPO | $ 9,900 | ||
Internal rate of return on investment | 15.00% | ||
Compensation cost not yet recognized | $ 11,000 | ||
Weighted average remaining contractual term | 2 years 1 month 6 days | ||
Minimum | |||
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% | ||
Expected dividend rate | 4.00% | ||
Maximum | |||
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 | 1.41% | ||
Expected dividend rate | 4.60% |
Stock Based Compensation (Sched
Stock Based Compensation (Schedule of Restricted Shares) (Details) - Restricted Stock - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Restricted Shares | |||
Outstanding, beginning balance | 1,015 | 1,172 | 1,821 |
Vested | (343) | (519) | (1,341) |
Granted | 633 | 881 | 735 |
Forfeited | (69) | (519) | (43) |
Outstanding, ending balance | 1,236 | 1,015 | 1,172 |
Aggregate Intrinsic Value | |||
Outstanding, beginning balance | $ 23,080 | $ 25,649 | $ 29,641 |
Vested | (7,614) | (12,550) | (19,828) |
Granted | 12,762 | 18,842 | 16,766 |
Forfeited | (1,254) | (8,861) | (930) |
Outstanding, ending balance | $ 26,974 | $ 23,080 | $ 25,649 |
Earnings Per Share (Details)
Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Mar. 31, 2016 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Earnings Per Share, Basic [Abstract] | |||||||||||
Net income | $ 300,369 | $ 278,142 | $ 197,536 | ||||||||
Net income attributable to non-controlling interests | (76) | (2,514) | (3,816) | ||||||||
Non-forfeitable dividends on unvested restricted shares | (37) | (40) | (23) | ||||||||
Preferred stock dividends | (39) | (150) | (150) | ||||||||
Net income attributable to the Company’s common stockholders for basic earnings per share | $ 300,217 | $ 275,438 | $ 193,547 | ||||||||
Weighted average number shares outstanding – basic | 304,834 | 301,601 | 298,004 | ||||||||
Net income (usd per share) | $ 0.23 | $ 0.27 | $ 0.25 | $ 0.23 | $ 0.31 | $ 0.19 | $ 0.21 | $ 0.20 | $ 0.98 | $ 0.91 | $ 0.65 |
Computation of Diluted Earnings Per Share: | |||||||||||
Net income attributable to the Company’s common stockholders for basic earnings per share | $ 300,217 | $ 275,438 | $ 193,547 | ||||||||
Allocation of net income to dilutive convertible non-controlling interests | 76 | 2,514 | 3,816 | ||||||||
Net income attributable to the Company’s common stockholders for diluted earnings per share | $ 300,293 | $ 277,952 | $ 197,363 | ||||||||
Conversion of OP Units (in shares) | 79 | 3,000 | 5,988 | ||||||||
Equity awards (in shares) | 368 | 459 | 1,025 | ||||||||
Weighted average shares outstanding - diluted (in shares) | 305,281 | 305,060 | 305,017 | ||||||||
Net income (usd per share) | $ 0.23 | $ 0.27 | $ 0.25 | $ 0.23 | $ 0.31 | $ 0.19 | $ 0.21 | $ 0.20 | $ 0.98 | $ 0.91 | $ 0.65 |
Earnings per Unit (Details)
Earnings per Unit (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Mar. 31, 2016 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Schedule of Earnings per Share [Line Items] | |||||||||||
Net income | $ 300,369 | $ 278,142 | $ 197,536 | ||||||||
Non-forfeitable dividends on unvested restricted shares | (37) | (40) | (23) | ||||||||
Net income attributable to the Company’s common stockholders for basic earnings per share | $ 300,217 | $ 275,438 | $ 193,547 | ||||||||
Weighted average number shares outstanding – basic | 304,834 | 301,601 | 298,004 | ||||||||
Net income (usd per share) | $ 0.23 | $ 0.27 | $ 0.25 | $ 0.23 | $ 0.31 | $ 0.19 | $ 0.21 | $ 0.20 | $ 0.98 | $ 0.91 | $ 0.65 |
Net income attributable to the Company’s common stockholders for diluted earnings per share | $ 300,293 | $ 277,952 | $ 197,363 | ||||||||
Equity awards (in shares) | 368 | 459 | 1,025 | ||||||||
Weighted average shares outstanding - diluted (in shares) | 305,281 | 305,060 | 305,017 | ||||||||
Net income (usd per share) | 0.23 | 0.27 | 0.25 | 0.23 | 0.31 | 0.19 | 0.21 | 0.20 | $ 0.98 | $ 0.91 | $ 0.65 |
Brixmor Operating Partnership LP | |||||||||||
Schedule of Earnings per Share [Line Items] | |||||||||||
Net income | $ 300,369 | $ 278,142 | $ 197,536 | ||||||||
Non-forfeitable dividends on unvested restricted shares | (37) | (40) | (23) | ||||||||
Net income attributable to the Company’s common stockholders for basic earnings per share | $ 300,332 | $ 278,102 | $ 197,513 | ||||||||
Weighted average number shares outstanding – basic | 304,913 | 304,600 | 303,992 | ||||||||
Net income (usd per share) | 0.23 | 0.27 | 0.25 | 0.23 | 0.31 | 0.19 | 0.21 | 0.20 | $ 0.98 | $ 0.91 | $ 0.65 |
Net income attributable to the Company’s common stockholders for diluted earnings per share | $ 300,332 | $ 278,102 | $ 197,513 | ||||||||
Equity awards (in shares) | 368 | 459 | 1,025 | ||||||||
Weighted average shares outstanding - diluted (in shares) | 305,281 | 305,059 | 305,017 | ||||||||
Net income (usd per share) | $ 0.23 | $ 0.27 | $ 0.25 | $ 0.23 | $ 0.31 | $ 0.19 | $ 0.21 | $ 0.20 | $ 0.98 | $ 0.91 | $ 0.65 |
Commitments and Contingencies67
Commitments and Contingencies (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Loss Contingencies [Line Items] | |||
Estimate of possible loss | $ 28,000 | ||
Rent expense | 7,500 | $ 8,300 | $ 9,400 |
Operating Leases, Future Minimum Payments Due, Rolling Maturity [Abstract] | |||
2,018 | 7,092 | ||
2,019 | 7,010 | ||
2,020 | 7,027 | ||
2,021 | 7,231 | ||
2,022 | 7,215 | ||
Thereafter | 71,860 | ||
Total minimum annual rental commitments | 107,435 | ||
Activity in Reserve for Losses for Insurance Captive [Roll Forward] | |||
Balance at the beginning of the year | 15,045 | 14,393 | |
Incurred, Current Year | 4,205 | 4,625 | |
Incurred, Prior Years | (3,157) | (828) | |
Insurance Captive Accrual | 1,048 | 3,797 | |
Paid, Current Year | (299) | (171) | |
Paid, Prior Years | (2,499) | (2,974) | |
Insurance Captive Paid | (2,798) | (3,145) | |
Balance at the end of the year | 13,295 | $ 15,045 | $ 14,393 |
Accounts Payable and Accrued Liabilities | |||
Loss Contingencies [Line Items] | |||
Accrual | 28,000 | ||
Accounts Receivable | |||
Loss Contingencies [Line Items] | |||
Receivable | $ 28,000 |
Income Taxes (Details)
Income Taxes (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Income Tax Disclosure [Abstract] | |||
State and local income taxes or franchise taxes | $ 2.4 | $ 3.3 | $ 4.1 |
Recognized income related to certain federal and state tax contingencies | $ 4.7 |
Related-Party Transactions (Det
Related-Party Transactions (Details) - USD ($) $ in Thousands | Jul. 05, 2017 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Related Party Transaction [Line Items] | ||||
Payments to acquire real estate | $ 190,487 | $ 46,833 | $ 52,208 | |
Chief Executive Officer | Purchase of Former Residence | ||||
Related Party Transaction [Line Items] | ||||
Period of execution of employment agreement | 120 days | |||
Payments to acquire real estate | $ 4,400 | |||
Real estate held-for-sale | $ 3,900 |
Retirement Plan (Details)
Retirement Plan (Details) - Savings Plan - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
General and Administrative Expense | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Cost recognized | $ 1.2 | $ 1.2 | $ 1.2 |
Maximum | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Employer matching contribution | 3.00% |
Supplemental Financial Inform71
Supplemental Financial Information (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Mar. 31, 2016 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Supplemental Financial Information [Line Items] | |||||||||||
Total revenues | $ 320,060 | $ 314,496 | $ 322,818 | $ 325,806 | $ 324,034 | $ 318,577 | $ 310,057 | $ 323,104 | $ 1,283,180 | $ 1,275,772 | $ 1,265,980 |
Net income attributable to | $ 69,896 | $ 83,380 | $ 75,399 | $ 71,579 | $ 93,053 | $ 57,492 | $ 64,456 | $ 60,477 | $ 300,293 | $ 275,628 | $ 193,720 |
Net income per share - Basic (usd per share) | $ 0.23 | $ 0.27 | $ 0.25 | $ 0.23 | $ 0.31 | $ 0.19 | $ 0.21 | $ 0.20 | $ 0.98 | $ 0.91 | $ 0.65 |
Net Income per Share - Diluted (usd per share) | $ 0.23 | $ 0.27 | $ 0.25 | $ 0.23 | $ 0.31 | $ 0.19 | $ 0.21 | $ 0.20 | $ 0.98 | $ 0.91 | $ 0.65 |
Brixmor Operating Partnership LP | |||||||||||
Supplemental Financial Information [Line Items] | |||||||||||
Total revenues | $ 324,034 | $ 318,577 | $ 310,057 | $ 323,104 | $ 1,283,180 | $ 1,275,772 | $ 1,265,980 | ||||
Net income attributable to | $ 69,896 | $ 83,380 | $ 75,438 | $ 71,655 | $ 93,318 | $ 57,805 | $ 65,470 | $ 61,549 | |||
Net income per share - Basic (usd per share) | $ 0.23 | $ 0.27 | $ 0.25 | $ 0.23 | $ 0.31 | $ 0.19 | $ 0.21 | $ 0.20 | $ 0.98 | $ 0.91 | $ 0.65 |
Net Income per Share - Diluted (usd per share) | $ 0.23 | $ 0.27 | $ 0.25 | $ 0.23 | $ 0.31 | $ 0.19 | $ 0.21 | $ 0.20 | $ 0.98 | $ 0.91 | $ 0.65 |
Schedule II - Valuation and Q72
Schedule II - Valuation and Qualifying Accounts (Details) - Allowance for Doubtful Accounts - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Movement in Valuation Allowances and Reserves [Roll Forward] | |||
Balance at Beginning of Period | $ 16,756 | $ 16,587 | $ 14,070 |
Charged/ (Credited) to Expense | 5,323 | 9,182 | 9,540 |
Written Off | (4,874) | (9,013) | (7,023) |
Balance at End of Period | $ 17,205 | $ 16,756 | $ 16,587 |
Schedule III - Real Estate an73
Schedule III - Real Estate and Accumulated Depreciation (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (902,717) | |||
Initial Cost to Company, Land | 1,953,915 | |||
Initial Cost to Company, Building & Improvements | 7,863,216 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,104,360 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,984,309 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 8,937,182 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 10,921,491 | $ 11,009,058 | $ 10,932,850 | $ 10,802,249 |
Accumulated Depreciation | (2,361,070) | (2,167,054) | $ (1,880,685) | $ (1,549,234) |
Winchester Plaza | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company, Land | 2,634 | |||
Initial Cost to Company, Building & Improvements | 12,105 | |||
Initial Cost to Company, Subsequent to Acquisition | 434 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,634 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 12,539 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 15,173 | |||
Accumulated Depreciation | $ (2,105) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Springdale | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 7,460 | |||
Initial Cost to Company, Building & Improvements | 33,085 | |||
Initial Cost to Company, Subsequent to Acquisition | 4,452 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 7,460 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 37,537 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 44,997 | |||
Accumulated Depreciation | $ (12,155) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Payton Park | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (9,372) | |||
Initial Cost to Company, Land | 1,830 | |||
Initial Cost to Company, Building & Improvements | 14,335 | |||
Initial Cost to Company, Subsequent to Acquisition | 435 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,830 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 14,770 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 16,600 | |||
Accumulated Depreciation | $ (5,222) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Glendale Galleria | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 4,070 | |||
Initial Cost to Company, Building & Improvements | 6,894 | |||
Initial Cost to Company, Subsequent to Acquisition | 9,127 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 4,070 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 16,021 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 20,091 | |||
Accumulated Depreciation | $ (2,608) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Northmall Centre, Tucson, AZ | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,140 | |||
Initial Cost to Company, Building & Improvements | 17,966 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,816 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,140 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 19,782 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 22,922 | |||
Accumulated Depreciation | $ (5,173) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Applegate Ranch Shopping Center, Atwater, CA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 4,033 | |||
Initial Cost to Company, Building & Improvements | 25,510 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,519 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 4,033 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 27,029 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 31,062 | |||
Accumulated Depreciation | $ (5,790) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Bakersfield Plaza, Bakersfield, CA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 4,000 | |||
Initial Cost to Company, Building & Improvements | 24,929 | |||
Initial Cost to Company, Subsequent to Acquisition | 10,482 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 4,502 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 34,909 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 39,411 | |||
Accumulated Depreciation | $ (9,950) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Carmen Plaza, Camarillo, CA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 5,410 | |||
Initial Cost to Company, Building & Improvements | 19,522 | |||
Initial Cost to Company, Subsequent to Acquisition | 952 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 5,410 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 20,474 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 25,884 | |||
Accumulated Depreciation | $ (5,900) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Plaza Rio Vista, Cathedral, CA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,465 | |||
Initial Cost to Company, Building & Improvements | 12,575 | |||
Initial Cost to Company, Subsequent to Acquisition | 100 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,465 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 12,675 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 15,140 | |||
Accumulated Depreciation | $ (2,218) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Clovis Commons, Clovis, CA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 12,943 | |||
Initial Cost to Company, Building & Improvements | 38,688 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,120 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 12,943 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 39,808 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 52,751 | |||
Accumulated Depreciation | $ (8,961) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Cudahy Plaza, Cudahy, CA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 4,490 | |||
Initial Cost to Company, Building & Improvements | 13,111 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,384 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 4,778 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 14,207 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 18,985 | |||
Accumulated Depreciation | $ (3,597) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
University Mall, Davis, CA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 4,270 | |||
Initial Cost to Company, Building & Improvements | 18,056 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,502 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 4,270 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 19,558 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 23,828 | |||
Accumulated Depreciation | $ (5,238) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Felicita Plaza, Escondido, CA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 4,280 | |||
Initial Cost to Company, Building & Improvements | 12,434 | |||
Initial Cost to Company, Subsequent to Acquisition | 947 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 4,280 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 13,381 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 17,661 | |||
Accumulated Depreciation | $ (3,690) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Felicita Town Center | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 11,231 | |||
Initial Cost to Company, Building & Improvements | 31,381 | |||
Initial Cost to Company, Subsequent to Acquisition | 214 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 11,231 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 31,595 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 42,826 | |||
Accumulated Depreciation | $ (1,888) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Arbor Faire, Fresno, CA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (9,540) | |||
Initial Cost to Company, Land | 5,940 | |||
Initial Cost to Company, Building & Improvements | 33,885 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,295 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 5,940 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 36,180 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 42,120 | |||
Accumulated Depreciation | $ (10,208) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Lompoc Shopping Center, Lompoc, CA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 4,670 | |||
Initial Cost to Company, Building & Improvements | 15,965 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,975 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 4,670 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 17,940 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 22,610 | |||
Accumulated Depreciation | $ (6,893) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Briggsmore Plaza, Modesto, CA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,140 | |||
Initial Cost to Company, Building & Improvements | 11,224 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,787 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,140 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 14,011 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 16,151 | |||
Accumulated Depreciation | $ (3,628) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Montebello Plaza, Montebello, CA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 13,360 | |||
Initial Cost to Company, Building & Improvements | 32,554 | |||
Initial Cost to Company, Subsequent to Acquisition | 6,943 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 13,360 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 39,497 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 52,857 | |||
Accumulated Depreciation | $ (11,197) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
California Oaks Center, Murrieta, CA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 5,180 | |||
Initial Cost to Company, Building & Improvements | 13,666 | |||
Initial Cost to Company, Subsequent to Acquisition | 5,605 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 5,180 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 19,271 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 24,451 | |||
Accumulated Depreciation | $ (3,399) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Esplanade Shopping Center, Oxnard, CA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 6,630 | |||
Initial Cost to Company, Building & Improvements | 60,377 | |||
Initial Cost to Company, Subsequent to Acquisition | 15,922 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 16,229 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 66,700 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 82,929 | |||
Accumulated Depreciation | $ (15,495) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Pacoima Center, Pacoima, CA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 7,050 | |||
Initial Cost to Company, Building & Improvements | 15,932 | |||
Initial Cost to Company, Subsequent to Acquisition | 672 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 7,050 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 16,604 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 23,654 | |||
Accumulated Depreciation | $ (6,530) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Paradise Plaza, Paradise, CA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,820 | |||
Initial Cost to Company, Building & Improvements | 8,711 | |||
Initial Cost to Company, Subsequent to Acquisition | 933 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,820 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 9,644 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 11,464 | |||
Accumulated Depreciation | $ (3,670) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Metro 580, Pleasanton, CA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 10,500 | |||
Initial Cost to Company, Building & Improvements | 19,243 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,661 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 10,500 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 20,904 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 31,404 | |||
Accumulated Depreciation | $ (5,815) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Rose Pavilion, Pleasanton, CA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 19,619 | |||
Initial Cost to Company, Building & Improvements | 60,325 | |||
Initial Cost to Company, Subsequent to Acquisition | 8,494 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 19,619 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 68,819 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 88,438 | |||
Accumulated Depreciation | $ (13,159) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Puente Hills Town Center, Rowland Heights, CA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 15,670 | |||
Initial Cost to Company, Building & Improvements | 39,159 | |||
Initial Cost to Company, Subsequent to Acquisition | 3,930 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 15,670 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 43,089 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 58,759 | |||
Accumulated Depreciation | $ (10,039) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
San Bernardino Center, San Bernardino, CA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,510 | |||
Initial Cost to Company, Building & Improvements | 9,537 | |||
Initial Cost to Company, Subsequent to Acquisition | 191 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,510 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 9,728 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 12,238 | |||
Accumulated Depreciation | $ (4,979) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Ocean View Plaza, San Clemente, CA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 15,750 | |||
Initial Cost to Company, Building & Improvements | 29,826 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,527 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 15,750 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 31,353 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 47,103 | |||
Accumulated Depreciation | $ (7,773) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Plaza By The Sea | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 9,607 | |||
Initial Cost to Company, Building & Improvements | 5,461 | |||
Initial Cost to Company, Subsequent to Acquisition | 44 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 9,607 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 5,505 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 15,112 | |||
Accumulated Depreciation | $ (32) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Mira Mesa Mall, San Diego, CA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 14,870 | |||
Initial Cost to Company, Building & Improvements | 70,974 | |||
Initial Cost to Company, Subsequent to Acquisition | 5,480 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 14,870 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 76,454 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 91,324 | |||
Accumulated Depreciation | $ (16,213) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
San Dimas Plaza, San Dimas, CA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 11,490 | |||
Initial Cost to Company, Building & Improvements | 20,570 | |||
Initial Cost to Company, Subsequent to Acquisition | 7,505 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 15,100 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 24,465 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 39,565 | |||
Accumulated Depreciation | $ (5,477) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Bristol Plaza, Santa Ana, CA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 9,110 | |||
Initial Cost to Company, Building & Improvements | 21,169 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,975 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 9,722 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 23,532 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 33,254 | |||
Accumulated Depreciation | $ (5,664) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Gateway Plaza, Santa Fe Springs, CA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 9,980 | |||
Initial Cost to Company, Building & Improvements | 30,135 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,185 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 9,980 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 31,320 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 41,300 | |||
Accumulated Depreciation | $ (8,612) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Santa Paula Shopping Center, Santa Paula, CA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,520 | |||
Initial Cost to Company, Building & Improvements | 17,896 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,071 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,520 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 18,967 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 22,487 | |||
Accumulated Depreciation | $ (6,229) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Vail Ranch Center, Temecula, CA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,750 | |||
Initial Cost to Company, Building & Improvements | 22,137 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,553 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,750 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 23,690 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 27,440 | |||
Accumulated Depreciation | $ (6,883) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Parcel at Country Hills Shopping Center | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,630 | |||
Initial Cost to Company, Building & Improvements | 8,683 | |||
Initial Cost to Company, Subsequent to Acquisition | (217) | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,630 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 8,466 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 12,096 | |||
Accumulated Depreciation | $ (2,031) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Upland Town Square | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 9,051 | |||
Initial Cost to Company, Building & Improvements | 23,171 | |||
Initial Cost to Company, Subsequent to Acquisition | 33 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 9,051 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 23,204 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 32,255 | |||
Accumulated Depreciation | $ (230) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Gateway Plaza - Vallejo, Vallejo, CA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 11,880 | |||
Initial Cost to Company, Building & Improvements | 72,127 | |||
Initial Cost to Company, Subsequent to Acquisition | 17,706 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 12,946 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 88,767 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 101,713 | |||
Accumulated Depreciation | $ (21,694) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Arvada Plaza, Arvada, CO | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,160 | |||
Initial Cost to Company, Building & Improvements | 7,378 | |||
Initial Cost to Company, Subsequent to Acquisition | 430 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,160 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 7,808 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 8,968 | |||
Accumulated Depreciation | $ (3,360) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Arapahoe Crossings, Aurora, CO | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 13,676 | |||
Initial Cost to Company, Building & Improvements | 54,851 | |||
Initial Cost to Company, Subsequent to Acquisition | 8,687 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 13,676 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 63,538 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 77,214 | |||
Accumulated Depreciation | $ (11,776) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Aurora Plaza, Aurora, CO | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,910 | |||
Initial Cost to Company, Building & Improvements | 9,146 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,735 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,910 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 10,881 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 14,791 | |||
Accumulated Depreciation | $ (5,235) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Villa Monaco, Denver, CO | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,090 | |||
Initial Cost to Company, Building & Improvements | 6,282 | |||
Initial Cost to Company, Subsequent to Acquisition | 3,357 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,090 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 9,639 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 12,729 | |||
Accumulated Depreciation | $ (2,258) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Superior Marketplace, Superior, CO | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (16,387) | |||
Initial Cost to Company, Land | 7,090 | |||
Initial Cost to Company, Building & Improvements | 35,654 | |||
Initial Cost to Company, Subsequent to Acquisition | 3,838 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 7,090 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 39,492 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 46,582 | |||
Accumulated Depreciation | $ (9,773) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Westminster City Center, Westminster, CO | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 6,040 | |||
Initial Cost to Company, Building & Improvements | 42,944 | |||
Initial Cost to Company, Subsequent to Acquisition | 9,468 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 6,040 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 52,412 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 58,452 | |||
Accumulated Depreciation | $ (12,215) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Freshwater - Stateline Plaza, Enfield, CT | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,350 | |||
Initial Cost to Company, Building & Improvements | 30,149 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,662 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,350 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 31,811 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 35,161 | |||
Accumulated Depreciation | $ (9,455) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
The Shoppes at Fox Run, Glastonbury, CT | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,550 | |||
Initial Cost to Company, Building & Improvements | 22,693 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,986 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,600 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 25,629 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 29,229 | |||
Accumulated Depreciation | $ (6,488) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Groton Square, Groton, CT | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,730 | |||
Initial Cost to Company, Building & Improvements | 28,034 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,552 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,730 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 29,586 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 32,316 | |||
Accumulated Depreciation | $ (8,342) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Parkway Plaza, Hamden, CT | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 4,100 | |||
Initial Cost to Company, Building & Improvements | 7,709 | |||
Initial Cost to Company, Subsequent to Acquisition | 137 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 4,100 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 7,846 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 11,946 | |||
Accumulated Depreciation | $ (2,555) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
The Manchester Collection | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 9,180 | |||
Initial Cost to Company, Building & Improvements | 51,850 | |||
Initial Cost to Company, Subsequent to Acquisition | (3,900) | |||
Gross Amount at Which Carried at the Close of the Period, Land | 9,180 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 47,950 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 57,130 | |||
Accumulated Depreciation | $ (12,283) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Chamberlain Plaza, Meriden, CT | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (2,981) | |||
Initial Cost to Company, Land | 1,260 | |||
Initial Cost to Company, Building & Improvements | 4,480 | |||
Initial Cost to Company, Subsequent to Acquisition | 774 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,260 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 5,254 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 6,514 | |||
Accumulated Depreciation | $ (1,919) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Turnpike Plaza, Newington, CT | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,920 | |||
Initial Cost to Company, Building & Improvements | 23,847 | |||
Initial Cost to Company, Subsequent to Acquisition | 20 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,920 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 23,867 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 27,787 | |||
Accumulated Depreciation | $ (6,849) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
North Haven Crossing, North Haven, CT | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (9,948) | |||
Initial Cost to Company, Land | 5,430 | |||
Initial Cost to Company, Building & Improvements | 15,959 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,459 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 5,430 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 17,418 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 22,848 | |||
Accumulated Depreciation | $ (4,461) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Christmas Tree Plaza, Orange, CT | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (569) | |||
Initial Cost to Company, Land | 4,870 | |||
Initial Cost to Company, Building & Improvements | 14,844 | |||
Initial Cost to Company, Subsequent to Acquisition | 925 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 4,870 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 15,769 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 20,639 | |||
Accumulated Depreciation | $ (4,836) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Stratford Square, Stratford, CT | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 5,970 | |||
Initial Cost to Company, Building & Improvements | 11,758 | |||
Initial Cost to Company, Subsequent to Acquisition | 6,865 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 5,970 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 18,623 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 24,593 | |||
Accumulated Depreciation | $ (3,948) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Torrington Plaza, Torrington, CT | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,180 | |||
Initial Cost to Company, Building & Improvements | 12,967 | |||
Initial Cost to Company, Subsequent to Acquisition | 3,284 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,180 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 16,251 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 18,431 | |||
Accumulated Depreciation | $ (4,184) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Waterbury Plaza, Waterbury, CT | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (15,554) | |||
Initial Cost to Company, Land | 5,030 | |||
Initial Cost to Company, Building & Improvements | 17,366 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,650 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 5,030 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 19,016 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 24,046 | |||
Accumulated Depreciation | $ (6,074) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Waterford Commons, Waterford, CT | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (23,979) | |||
Initial Cost to Company, Land | 4,990 | |||
Initial Cost to Company, Building & Improvements | 45,070 | |||
Initial Cost to Company, Subsequent to Acquisition | 4,089 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 4,990 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 49,159 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 54,149 | |||
Accumulated Depreciation | $ (12,947) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
North Dover Shopping Center, Dover, DE | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,100 | |||
Initial Cost to Company, Building & Improvements | 19,938 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,062 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,100 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 22,000 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 25,100 | |||
Accumulated Depreciation | $ (6,571) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Brooksville Square, Brooksville, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 4,140 | |||
Initial Cost to Company, Building & Improvements | 12,095 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,119 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 4,140 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 14,214 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 18,354 | |||
Accumulated Depreciation | $ (4,558) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Coastal Way - Coastal Landing, Brooksville, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (26,831) | |||
Initial Cost to Company, Land | 8,840 | |||
Initial Cost to Company, Building & Improvements | 33,020 | |||
Initial Cost to Company, Subsequent to Acquisition | 4,181 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 8,840 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 37,201 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 46,041 | |||
Accumulated Depreciation | $ (11,148) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Midpoint Center, Cape Coral, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 4,251 | |||
Initial Cost to Company, Building & Improvements | 13,184 | |||
Initial Cost to Company, Subsequent to Acquisition | 131 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 4,251 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 13,315 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 17,566 | |||
Accumulated Depreciation | $ (2,611) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Clearwater Mall, Clearwater, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (46,906) | |||
Initial Cost to Company, Land | 15,300 | |||
Initial Cost to Company, Building & Improvements | 53,002 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,528 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 15,300 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 55,530 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 70,830 | |||
Accumulated Depreciation | $ (12,494) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Coconut Creek, Coconut Creek, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (10,190) | |||
Initial Cost to Company, Land | 7,400 | |||
Initial Cost to Company, Building & Improvements | 24,799 | |||
Initial Cost to Company, Subsequent to Acquisition | 3,858 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 7,400 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 28,657 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 36,057 | |||
Accumulated Depreciation | $ (6,522) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Century Plaza Shopping Center, Deerfield Beach, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,050 | |||
Initial Cost to Company, Building & Improvements | 8,043 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,420 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,050 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 9,463 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 12,513 | |||
Accumulated Depreciation | $ (2,647) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Northgate S.C., DeLand, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,500 | |||
Initial Cost to Company, Building & Improvements | 10,902 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,128 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,500 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 12,030 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 15,530 | |||
Accumulated Depreciation | $ (4,047) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Sun Plaza, Ft. Walton Beach, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 4,480 | |||
Initial Cost to Company, Building & Improvements | 12,629 | |||
Initial Cost to Company, Subsequent to Acquisition | 517 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 4,480 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 13,146 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 17,626 | |||
Accumulated Depreciation | $ (4,681) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Normandy Square, Jacksonville, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,930 | |||
Initial Cost to Company, Building & Improvements | 5,384 | |||
Initial Cost to Company, Subsequent to Acquisition | 698 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,930 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 6,082 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 8,012 | |||
Accumulated Depreciation | $ (2,458) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Regency Park, Jacksonville, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (11,646) | |||
Initial Cost to Company, Land | 6,240 | |||
Initial Cost to Company, Building & Improvements | 14,222 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,116 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 6,240 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 15,338 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 21,578 | |||
Accumulated Depreciation | $ (4,614) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
The Shoppes at Southside, Jacksonville, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 6,720 | |||
Initial Cost to Company, Building & Improvements | 18,597 | |||
Initial Cost to Company, Subsequent to Acquisition | 125 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 6,720 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 18,722 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 25,442 | |||
Accumulated Depreciation | $ (5,017) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Ventura Downs, Kissimmee, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (3,967) | |||
Initial Cost to Company, Land | 3,580 | |||
Initial Cost to Company, Building & Improvements | 8,130 | |||
Initial Cost to Company, Subsequent to Acquisition | 296 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,580 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 8,426 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 12,006 | |||
Accumulated Depreciation | $ (2,660) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Marketplace at Wycliffe, Lake Worth, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 7,930 | |||
Initial Cost to Company, Building & Improvements | 13,500 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,612 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 7,930 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 15,112 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 23,042 | |||
Accumulated Depreciation | $ (2,925) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Venetian Isle Shopping Ctr, Lighthouse Point, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 8,270 | |||
Initial Cost to Company, Building & Improvements | 14,805 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,553 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 8,270 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 16,358 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 24,628 | |||
Accumulated Depreciation | $ (4,548) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Marco Town Center, Marco Island, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 7,235 | |||
Initial Cost to Company, Building & Improvements | 26,539 | |||
Initial Cost to Company, Subsequent to Acquisition | 604 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 7,235 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 27,143 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 34,378 | |||
Accumulated Depreciation | $ (4,533) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Mall at 163rd Street, Miami, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 9,450 | |||
Initial Cost to Company, Building & Improvements | 34,892 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,955 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 9,450 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 37,847 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 47,297 | |||
Accumulated Depreciation | $ (9,094) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Miami Gardens, Miami, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 8,876 | |||
Initial Cost to Company, Building & Improvements | 17,567 | |||
Initial Cost to Company, Subsequent to Acquisition | 608 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 8,876 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 18,175 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 27,051 | |||
Accumulated Depreciation | $ (6,717) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Freedom Square, Naples, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 4,735 | |||
Initial Cost to Company, Building & Improvements | 15,116 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,004 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 4,735 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 16,120 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 20,855 | |||
Accumulated Depreciation | $ (5,191) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Naples Plaza, Naples, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 9,200 | |||
Initial Cost to Company, Building & Improvements | 20,513 | |||
Initial Cost to Company, Subsequent to Acquisition | 10,038 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 9,200 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 30,551 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 39,751 | |||
Accumulated Depreciation | $ (7,641) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Park Shore Shopping Center, Naples, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 4,750 | |||
Initial Cost to Company, Building & Improvements | 13,821 | |||
Initial Cost to Company, Subsequent to Acquisition | 18,782 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 7,245 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 30,108 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 37,353 | |||
Accumulated Depreciation | $ (4,956) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Chelsea Place, New Port Rickey, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,303 | |||
Initial Cost to Company, Building & Improvements | 9,821 | |||
Initial Cost to Company, Subsequent to Acquisition | 419 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,303 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 10,240 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 13,543 | |||
Accumulated Depreciation | $ (2,456) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Southgate, New Port Richey, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 6,730 | |||
Initial Cost to Company, Building & Improvements | 14,286 | |||
Initial Cost to Company, Subsequent to Acquisition | 4,056 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 6,730 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 18,342 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 25,072 | |||
Accumulated Depreciation | $ (5,503) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Presidential Plaza, North Lauderdale, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,070 | |||
Initial Cost to Company, Building & Improvements | 5,430 | |||
Initial Cost to Company, Subsequent to Acquisition | 562 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,070 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 5,992 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 8,062 | |||
Accumulated Depreciation | $ (1,437) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Fashion Square | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,770 | |||
Initial Cost to Company, Building & Improvements | 3,557 | |||
Initial Cost to Company, Subsequent to Acquisition | (1,679) | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,770 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 1,878 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 3,648 | |||
Accumulated Depreciation | $ (1,302) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Colonial Marketplace, Orlando, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (14,236) | |||
Initial Cost to Company, Land | 4,230 | |||
Initial Cost to Company, Building & Improvements | 19,813 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,562 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 4,230 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 22,375 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 26,605 | |||
Accumulated Depreciation | $ (5,674) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Conway Crossing, Orlando, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,163 | |||
Initial Cost to Company, Building & Improvements | 12,181 | |||
Initial Cost to Company, Subsequent to Acquisition | 782 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,163 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 12,963 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 16,126 | |||
Accumulated Depreciation | $ (2,710) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Hunters Creek, Orlando, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,589 | |||
Initial Cost to Company, Building & Improvements | 5,891 | |||
Initial Cost to Company, Subsequent to Acquisition | 894 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,589 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 6,785 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 10,374 | |||
Accumulated Depreciation | $ (1,320) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Pointe Orlando, Orlando, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 6,120 | |||
Initial Cost to Company, Building & Improvements | 55,051 | |||
Initial Cost to Company, Subsequent to Acquisition | 24,283 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 6,120 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 79,334 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 85,454 | |||
Accumulated Depreciation | $ (17,100) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Martin Downs Town Center, Palm City, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,660 | |||
Initial Cost to Company, Building & Improvements | 9,749 | |||
Initial Cost to Company, Subsequent to Acquisition | 147 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,660 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 9,896 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 11,556 | |||
Accumulated Depreciation | $ (1,609) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Martin Downs Village Center, Palm City, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 5,319 | |||
Initial Cost to Company, Building & Improvements | 28,399 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,456 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 5,319 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 29,855 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 35,174 | |||
Accumulated Depreciation | $ (5,367) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
23rd Street Station, Panama City, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (5,092) | |||
Initial Cost to Company, Land | 3,120 | |||
Initial Cost to Company, Building & Improvements | 9,016 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,017 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,120 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 10,033 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 13,153 | |||
Accumulated Depreciation | $ (2,729) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Panama City Square, Panama City, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 5,690 | |||
Initial Cost to Company, Building & Improvements | 14,874 | |||
Initial Cost to Company, Subsequent to Acquisition | 3,144 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 5,690 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 18,018 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 23,708 | |||
Accumulated Depreciation | $ (4,760) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Pensacola Square, Pensacola, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,630 | |||
Initial Cost to Company, Building & Improvements | 9,716 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,624 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,630 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 11,340 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 13,970 | |||
Accumulated Depreciation | $ (3,866) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
East Port Plaza, Port St. Lucie, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 4,099 | |||
Initial Cost to Company, Building & Improvements | 22,325 | |||
Initial Cost to Company, Subsequent to Acquisition | 283 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 4,099 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 22,608 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 26,707 | |||
Accumulated Depreciation | $ (4,529) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Shoppes of Victoria Square, Port St. Lucie, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,450 | |||
Initial Cost to Company, Building & Improvements | 6,242 | |||
Initial Cost to Company, Subsequent to Acquisition | 667 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,450 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 6,909 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 10,359 | |||
Accumulated Depreciation | $ (2,231) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Lake St. Charles, Riverview, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,801 | |||
Initial Cost to Company, Building & Improvements | 6,909 | |||
Initial Cost to Company, Subsequent to Acquisition | 67 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,801 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 6,976 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 9,777 | |||
Accumulated Depreciation | $ (1,180) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Cobblestone Village I and II, Royal Palm Beach, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,700 | |||
Initial Cost to Company, Building & Improvements | 4,974 | |||
Initial Cost to Company, Subsequent to Acquisition | 597 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,700 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 5,571 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 8,271 | |||
Accumulated Depreciation | $ (1,142) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Beneva Village Shops, Sarasota, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,489 | |||
Initial Cost to Company, Building & Improvements | 17,369 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,648 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,489 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 19,017 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 22,506 | |||
Accumulated Depreciation | $ (3,581) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Sarasota Village, Sarasota, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 5,190 | |||
Initial Cost to Company, Building & Improvements | 12,476 | |||
Initial Cost to Company, Subsequent to Acquisition | 3,598 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 5,190 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 16,074 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 21,264 | |||
Accumulated Depreciation | $ (3,978) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Atlantic Plaza, Satellite Beach, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (5,378) | |||
Initial Cost to Company, Land | 2,630 | |||
Initial Cost to Company, Building & Improvements | 10,959 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,007 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,630 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 11,966 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 14,596 | |||
Accumulated Depreciation | $ (3,001) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Seminole Plaza, Seminole, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (4,243) | |||
Initial Cost to Company, Land | 3,870 | |||
Initial Cost to Company, Building & Improvements | 7,934 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,083 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,870 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 10,017 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 13,887 | |||
Accumulated Depreciation | $ (1,814) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Outparcel building adjacent to Cobblestone Village | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (25,918) | |||
Initial Cost to Company, Land | 7,710 | |||
Initial Cost to Company, Building & Improvements | 33,352 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,511 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 7,710 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 35,863 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 43,573 | |||
Accumulated Depreciation | $ (9,177) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Dolphin Village, St. Pete Beach, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 9,882 | |||
Initial Cost to Company, Building & Improvements | 15,835 | |||
Initial Cost to Company, Subsequent to Acquisition | 848 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 9,882 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 16,683 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 26,565 | |||
Accumulated Depreciation | $ (3,280) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Bay Point Plaza, St. Petersburg, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 4,025 | |||
Initial Cost to Company, Building & Improvements | 11,745 | |||
Initial Cost to Company, Subsequent to Acquisition | 7,939 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 4,025 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 19,684 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 23,709 | |||
Accumulated Depreciation | $ (2,159) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Rutland Plaza, St. Petersburg, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (6,682) | |||
Initial Cost to Company, Land | 3,880 | |||
Initial Cost to Company, Building & Improvements | 8,143 | |||
Initial Cost to Company, Subsequent to Acquisition | 982 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,880 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 9,125 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 13,005 | |||
Accumulated Depreciation | $ (2,888) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Skyway Plaza, St. Petersburg, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,200 | |||
Initial Cost to Company, Building & Improvements | 7,178 | |||
Initial Cost to Company, Subsequent to Acquisition | 84 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,200 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 7,262 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 9,462 | |||
Accumulated Depreciation | $ (2,817) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Tyrone Gardens, St. Petersburg, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 5,690 | |||
Initial Cost to Company, Building & Improvements | 9,807 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,422 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 5,690 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 11,229 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 16,919 | |||
Accumulated Depreciation | $ (3,704) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Downtown Publix, Stuart, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (10,684) | |||
Initial Cost to Company, Land | 1,770 | |||
Initial Cost to Company, Building & Improvements | 12,630 | |||
Initial Cost to Company, Subsequent to Acquisition | 986 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,770 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 13,616 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 15,386 | |||
Accumulated Depreciation | $ (3,421) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Sunrise Town Center, Sunrise, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 7,856 | |||
Initial Cost to Company, Building & Improvements | 9,601 | |||
Initial Cost to Company, Subsequent to Acquisition | 679 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 7,856 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 10,280 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 18,136 | |||
Accumulated Depreciation | $ (3,605) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Carrollwood Center, Tampa, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,749 | |||
Initial Cost to Company, Building & Improvements | 14,818 | |||
Initial Cost to Company, Subsequent to Acquisition | 851 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,749 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 15,669 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 19,418 | |||
Accumulated Depreciation | $ (3,550) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Ross Plaza, Tampa, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,808 | |||
Initial Cost to Company, Building & Improvements | 11,847 | |||
Initial Cost to Company, Subsequent to Acquisition | 688 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,808 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 12,535 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 15,343 | |||
Accumulated Depreciation | $ (2,586) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Shoppes at Tarpon, Tarpon Springs, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 7,800 | |||
Initial Cost to Company, Building & Improvements | 13,765 | |||
Initial Cost to Company, Subsequent to Acquisition | 3,792 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 7,800 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 17,557 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 25,357 | |||
Accumulated Depreciation | $ (5,194) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Venice Plaza, Venice, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,245 | |||
Initial Cost to Company, Building & Improvements | 14,504 | |||
Initial Cost to Company, Subsequent to Acquisition | 359 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,245 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 14,863 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 18,108 | |||
Accumulated Depreciation | $ (2,194) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Venice Shopping Center, Venice, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,555 | |||
Initial Cost to Company, Building & Improvements | 6,847 | |||
Initial Cost to Company, Subsequent to Acquisition | 461 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,555 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 7,308 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 9,863 | |||
Accumulated Depreciation | $ (1,535) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Venice Village Shoppes | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 7,157 | |||
Initial Cost to Company, Building & Improvements | 26,773 | |||
Initial Cost to Company, Subsequent to Acquisition | 48 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 7,157 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 26,821 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 33,978 | |||
Accumulated Depreciation | $ (283) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Governors Town Squre, Acworth, GA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,605 | |||
Initial Cost to Company, Building & Improvements | 14,037 | |||
Initial Cost to Company, Subsequent to Acquisition | 126 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,605 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 14,163 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 16,768 | |||
Accumulated Depreciation | $ (2,521) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Albany Plaza, Albany, GA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (2,738) | |||
Initial Cost to Company, Land | 1,840 | |||
Initial Cost to Company, Building & Improvements | 3,072 | |||
Initial Cost to Company, Subsequent to Acquisition | 286 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,840 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 3,358 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 5,198 | |||
Accumulated Depreciation | $ (1,055) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Mansell Crossing, Alpharetta, GA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 19,840 | |||
Initial Cost to Company, Building & Improvements | 33,230 | |||
Initial Cost to Company, Subsequent to Acquisition | 5,764 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 19,840 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 38,994 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 58,834 | |||
Accumulated Depreciation | $ (10,059) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Perlis Plaza, Americus, GA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,170 | |||
Initial Cost to Company, Building & Improvements | 4,743 | |||
Initial Cost to Company, Subsequent to Acquisition | 704 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,170 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 5,447 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 6,617 | |||
Accumulated Depreciation | $ (2,071) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Northeast Plaza, Atlanta, GA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (19,493) | |||
Initial Cost to Company, Land | 6,907 | |||
Initial Cost to Company, Building & Improvements | 37,718 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,518 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 6,907 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 39,236 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 46,143 | |||
Accumulated Depreciation | $ (9,901) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Augusta West Plaza, Augusta, GA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (3,219) | |||
Initial Cost to Company, Land | 1,070 | |||
Initial Cost to Company, Building & Improvements | 8,208 | |||
Initial Cost to Company, Subsequent to Acquisition | 538 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,070 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 8,746 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 9,816 | |||
Accumulated Depreciation | $ (4,094) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Sweetwater Village, Austell, GA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,080 | |||
Initial Cost to Company, Building & Improvements | 3,052 | |||
Initial Cost to Company, Subsequent to Acquisition | 796 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,080 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 3,848 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 4,928 | |||
Accumulated Depreciation | $ (1,344) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Vineyards at Chateau Elan, Braselton, GA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,202 | |||
Initial Cost to Company, Building & Improvements | 14,512 | |||
Initial Cost to Company, Subsequent to Acquisition | 461 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,202 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 14,973 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 17,175 | |||
Accumulated Depreciation | $ (2,643) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Cedar Plaza, Cedartown, GA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,550 | |||
Initial Cost to Company, Building & Improvements | 4,342 | |||
Initial Cost to Company, Subsequent to Acquisition | 96 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,550 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 4,438 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 5,988 | |||
Accumulated Depreciation | $ (1,650) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Conyers Plaza, Conyers, GA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,870 | |||
Initial Cost to Company, Building & Improvements | 11,741 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,645 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,870 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 13,386 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 17,256 | |||
Accumulated Depreciation | $ (4,284) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Cordele Square, Cordele, GA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,050 | |||
Initial Cost to Company, Building & Improvements | 5,540 | |||
Initial Cost to Company, Subsequent to Acquisition | 563 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,050 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 6,103 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 8,153 | |||
Accumulated Depreciation | $ (2,466) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Covington Gallery, Covington, GA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (4,214) | |||
Initial Cost to Company, Land | 3,280 | |||
Initial Cost to Company, Building & Improvements | 8,416 | |||
Initial Cost to Company, Subsequent to Acquisition | 691 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,280 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 9,107 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 12,387 | |||
Accumulated Depreciation | $ (2,906) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Salem Road Station, Covington, GA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 670 | |||
Initial Cost to Company, Building & Improvements | 11,395 | |||
Initial Cost to Company, Subsequent to Acquisition | 336 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 670 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 11,731 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 12,401 | |||
Accumulated Depreciation | $ (2,441) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Keith Bridge Commons, Cumming, GA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,501 | |||
Initial Cost to Company, Building & Improvements | 14,868 | |||
Initial Cost to Company, Subsequent to Acquisition | 268 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,601 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 15,036 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 16,637 | |||
Accumulated Depreciation | $ (3,451) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Northside, Dalton, GA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,320 | |||
Initial Cost to Company, Building & Improvements | 3,950 | |||
Initial Cost to Company, Subsequent to Acquisition | 836 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,320 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 4,786 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 6,106 | |||
Accumulated Depreciation | $ (1,811) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Cosby Station, Douglasville, GA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (5,282) | |||
Initial Cost to Company, Land | 2,650 | |||
Initial Cost to Company, Building & Improvements | 6,582 | |||
Initial Cost to Company, Subsequent to Acquisition | 507 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,650 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 7,089 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 9,739 | |||
Accumulated Depreciation | $ (2,012) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Park Plaza, Douglasville, GA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,470 | |||
Initial Cost to Company, Building & Improvements | 2,505 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,196 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,470 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 3,701 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 5,171 | |||
Accumulated Depreciation | $ (685) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Dublin Village, Dublin, GA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,876 | |||
Initial Cost to Company, Building & Improvements | 8,961 | |||
Initial Cost to Company, Subsequent to Acquisition | 212 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,876 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 9,173 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 11,049 | |||
Accumulated Depreciation | $ (2,388) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Westgate, Dublin, GA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,450 | |||
Initial Cost to Company, Building & Improvements | 3,991 | |||
Initial Cost to Company, Subsequent to Acquisition | 439 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,450 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 4,430 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 5,880 | |||
Accumulated Depreciation | $ (1,497) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Venture Pointe, Duluth, GA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,460 | |||
Initial Cost to Company, Building & Improvements | 7,933 | |||
Initial Cost to Company, Subsequent to Acquisition | 5,556 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,460 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 13,489 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 15,949 | |||
Accumulated Depreciation | $ (4,480) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Banks Station, Fayetteville, GA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (4,423) | |||
Initial Cost to Company, Land | 3,490 | |||
Initial Cost to Company, Building & Improvements | 12,254 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,441 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,490 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 13,695 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 17,185 | |||
Accumulated Depreciation | $ (5,066) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Barrett Place, Kennesaw, GA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 6,990 | |||
Initial Cost to Company, Building & Improvements | 13,953 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,373 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 6,990 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 15,326 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 22,316 | |||
Accumulated Depreciation | $ (5,230) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Shops of Huntcrest, Lawrenceville, GA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,093 | |||
Initial Cost to Company, Building & Improvements | 17,790 | |||
Initial Cost to Company, Subsequent to Acquisition | 555 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,093 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 18,345 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 20,438 | |||
Accumulated Depreciation | $ (3,044) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Mableton Walk, Mableton, GA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,645 | |||
Initial Cost to Company, Building & Improvements | 9,384 | |||
Initial Cost to Company, Subsequent to Acquisition | 974 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,645 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 10,358 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 12,003 | |||
Accumulated Depreciation | $ (2,651) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
The Village at Mableton, Mableton, GA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,040 | |||
Initial Cost to Company, Building & Improvements | 6,443 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,387 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,040 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 8,830 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 10,870 | |||
Accumulated Depreciation | $ (3,117) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Marshalls at Eastlake, Marietta, GA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,650 | |||
Initial Cost to Company, Building & Improvements | 2,667 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,002 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,650 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 3,669 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 6,319 | |||
Accumulated Depreciation | $ (1,038) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
New Chastain Corners, Marietta, GA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,090 | |||
Initial Cost to Company, Building & Improvements | 8,071 | |||
Initial Cost to Company, Subsequent to Acquisition | 975 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,090 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 9,046 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 12,136 | |||
Accumulated Depreciation | $ (2,759) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Pavilions at Eastlake, Marietta, GA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 4,770 | |||
Initial Cost to Company, Building & Improvements | 12,085 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,919 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 4,770 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 14,004 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 18,774 | |||
Accumulated Depreciation | $ (4,950) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Creekwood Village, Rex, GA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,400 | |||
Initial Cost to Company, Building & Improvements | 4,752 | |||
Initial Cost to Company, Subsequent to Acquisition | 327 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,400 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 5,079 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 6,479 | |||
Accumulated Depreciation | $ (1,770) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Shops of Riverdale, Riverdale, GA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 640 | |||
Initial Cost to Company, Building & Improvements | 2,109 | |||
Initial Cost to Company, Subsequent to Acquisition | 209 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 640 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 2,318 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 2,958 | |||
Accumulated Depreciation | $ (518) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Holcomb Bridge Crossing, Roswell, GA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,170 | |||
Initial Cost to Company, Building & Improvements | 5,418 | |||
Initial Cost to Company, Subsequent to Acquisition | 596 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,170 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 6,014 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 7,184 | |||
Accumulated Depreciation | $ (2,738) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Victory Square, Savannah, GA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 6,080 | |||
Initial Cost to Company, Building & Improvements | 14,651 | |||
Initial Cost to Company, Subsequent to Acquisition | 344 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 6,080 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 14,995 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 21,075 | |||
Accumulated Depreciation | $ (3,677) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Stockbridge Village, Stockbridge, GA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 6,210 | |||
Initial Cost to Company, Building & Improvements | 16,418 | |||
Initial Cost to Company, Subsequent to Acquisition | 3,525 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 6,210 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 19,943 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 26,153 | |||
Accumulated Depreciation | $ (6,314) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Stone Mountain Festival, Stone Mountain, GA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (7,755) | |||
Initial Cost to Company, Land | 5,740 | |||
Initial Cost to Company, Building & Improvements | 16,730 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,538 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 5,740 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 18,268 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 24,008 | |||
Accumulated Depreciation | $ (6,796) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Wilmington Island, Wilmington Island, GA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,630 | |||
Initial Cost to Company, Building & Improvements | 7,894 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,089 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,630 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 8,983 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 11,613 | |||
Accumulated Depreciation | $ (1,957) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Kimberly West Shopping Center, Davenport, IA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,710 | |||
Initial Cost to Company, Building & Improvements | 6,329 | |||
Initial Cost to Company, Subsequent to Acquisition | 604 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,710 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 6,933 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 8,643 | |||
Accumulated Depreciation | $ (2,447) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Haymarket Mall, Des Moines, IA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (3,846) | |||
Initial Cost to Company, Land | 2,320 | |||
Initial Cost to Company, Building & Improvements | 9,604 | |||
Initial Cost to Company, Subsequent to Acquisition | 523 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,320 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 10,127 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 12,447 | |||
Accumulated Depreciation | $ (3,890) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Haymarket Square, Des Moines, IA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (6,481) | |||
Initial Cost to Company, Land | 3,360 | |||
Initial Cost to Company, Building & Improvements | 9,192 | |||
Initial Cost to Company, Subsequent to Acquisition | 4,327 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,360 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 13,519 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 16,879 | |||
Accumulated Depreciation | $ (3,613) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Warren Plaza, Dubuque, IA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,740 | |||
Initial Cost to Company, Building & Improvements | 6,155 | |||
Initial Cost to Company, Subsequent to Acquisition | 387 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,740 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 6,542 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 8,282 | |||
Accumulated Depreciation | $ (1,257) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Annex of Arlington, Arlington Heights, IL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,769 | |||
Initial Cost to Company, Building & Improvements | 15,006 | |||
Initial Cost to Company, Subsequent to Acquisition | 10,929 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 4,373 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 25,331 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 29,704 | |||
Accumulated Depreciation | $ (5,602) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Ridge Plaza, Arlington Heights, IL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,720 | |||
Initial Cost to Company, Building & Improvements | 10,168 | |||
Initial Cost to Company, Subsequent to Acquisition | 4,741 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,720 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 14,909 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 18,629 | |||
Accumulated Depreciation | $ (5,523) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Bartonville Square, Bartonville, IL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 480 | |||
Initial Cost to Company, Building & Improvements | 3,580 | |||
Initial Cost to Company, Subsequent to Acquisition | 149 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 480 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 3,729 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 4,209 | |||
Accumulated Depreciation | $ (1,417) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Festival Center, Bradley, IL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (658) | |||
Initial Cost to Company, Land | 390 | |||
Initial Cost to Company, Building & Improvements | 2,211 | |||
Initial Cost to Company, Subsequent to Acquisition | 37 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 390 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 2,248 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 2,638 | |||
Accumulated Depreciation | $ (798) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Southfield Plaza, Bridgeview, IL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (13,350) | |||
Initial Cost to Company, Land | 5,880 | |||
Initial Cost to Company, Building & Improvements | 18,251 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,550 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 5,880 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 19,801 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 25,681 | |||
Accumulated Depreciation | $ (7,009) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Commons of Chicago Ridge, Chicago Ridge, IL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 4,310 | |||
Initial Cost to Company, Building & Improvements | 39,027 | |||
Initial Cost to Company, Subsequent to Acquisition | 4,892 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 4,310 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 43,919 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 48,229 | |||
Accumulated Depreciation | $ (12,315) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Rivercrest Shopping Center, Crestwood, IL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 7,010 | |||
Initial Cost to Company, Building & Improvements | 39,886 | |||
Initial Cost to Company, Subsequent to Acquisition | 15,608 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 11,010 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 51,494 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 62,504 | |||
Accumulated Depreciation | $ (14,164) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
The Commons of Crystal Lake, Crystal Lake, IL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,660 | |||
Initial Cost to Company, Building & Improvements | 31,770 | |||
Initial Cost to Company, Subsequent to Acquisition | 3,889 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,660 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 35,659 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 39,319 | |||
Accumulated Depreciation | $ (8,804) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Elk Grove Town Center, Elk Grove Village, IL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,730 | |||
Initial Cost to Company, Building & Improvements | 19,113 | |||
Initial Cost to Company, Subsequent to Acquisition | 970 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,730 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 20,083 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 23,813 | |||
Accumulated Depreciation | $ (5,710) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Crossroads Center, Fairview Heights, IL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,230 | |||
Initial Cost to Company, Building & Improvements | 8,928 | |||
Initial Cost to Company, Subsequent to Acquisition | 6,379 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,230 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 15,307 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 18,537 | |||
Accumulated Depreciation | $ (4,660) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Freeport Plaza, Freeport, IL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 660 | |||
Initial Cost to Company, Building & Improvements | 5,614 | |||
Initial Cost to Company, Subsequent to Acquisition | 80 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 660 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 5,694 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 6,354 | |||
Accumulated Depreciation | $ (2,675) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Westview Center, Hanover Park, IL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 6,130 | |||
Initial Cost to Company, Building & Improvements | 27,797 | |||
Initial Cost to Company, Subsequent to Acquisition | 6,222 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 6,130 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 34,019 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 40,149 | |||
Accumulated Depreciation | $ (8,047) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
The Quentin Collection, Kildeer, IL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (20,743) | |||
Initial Cost to Company, Land | 5,780 | |||
Initial Cost to Company, Building & Improvements | 26,232 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,610 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 5,780 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 27,842 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 33,622 | |||
Accumulated Depreciation | $ (7,083) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Butterfield Square, Libertyville, IL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,430 | |||
Initial Cost to Company, Building & Improvements | 13,306 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,796 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,430 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 16,102 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 19,532 | |||
Accumulated Depreciation | $ (4,205) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
High Point Center, Lombard, IL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 7,510 | |||
Initial Cost to Company, Building & Improvements | 19,134 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,887 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 7,510 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 21,021 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 28,531 | |||
Accumulated Depreciation | $ (4,672) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Long Meadow Commons, Mundelein, IL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 4,700 | |||
Initial Cost to Company, Building & Improvements | 11,447 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,703 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 4,700 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 13,150 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 17,850 | |||
Accumulated Depreciation | $ (4,917) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Westride Court, Naperville, IL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 10,560 | |||
Initial Cost to Company, Building & Improvements | 66,986 | |||
Initial Cost to Company, Subsequent to Acquisition | 12,870 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 10,560 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 79,856 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 90,416 | |||
Accumulated Depreciation | $ (17,702) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Sterling Bazaar, Peoria, IL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,050 | |||
Initial Cost to Company, Building & Improvements | 6,581 | |||
Initial Cost to Company, Subsequent to Acquisition | 469 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,050 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 7,050 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 9,100 | |||
Accumulated Depreciation | $ (2,754) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Rollins Crossing, Round Lake Beach, IL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,040 | |||
Initial Cost to Company, Building & Improvements | 23,180 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,317 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,040 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 24,497 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 27,537 | |||
Accumulated Depreciation | $ (7,361) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Twin Oaks Shopping Center, Silvis, IL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,300 | |||
Initial Cost to Company, Building & Improvements | 6,896 | |||
Initial Cost to Company, Subsequent to Acquisition | 141 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,300 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 7,037 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 8,337 | |||
Accumulated Depreciation | $ (2,113) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Sangamon Center North, Springfield, IL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,350 | |||
Initial Cost to Company, Building & Improvements | 9,420 | |||
Initial Cost to Company, Subsequent to Acquisition | 851 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,350 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 10,271 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 12,621 | |||
Accumulated Depreciation | $ (3,873) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Tinley Park Plaza, Tinley Park, IL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (17,869) | |||
Initial Cost to Company, Land | 12,250 | |||
Initial Cost to Company, Building & Improvements | 20,639 | |||
Initial Cost to Company, Subsequent to Acquisition | 4,669 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 12,250 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 25,308 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 37,558 | |||
Accumulated Depreciation | $ (5,539) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Meridian Village, Carmel, IN | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,089 | |||
Initial Cost to Company, Building & Improvements | 7,231 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,215 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,089 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 9,446 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 11,535 | |||
Accumulated Depreciation | $ (2,684) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Columbus Center, Columbus, IN | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (9,372) | |||
Initial Cost to Company, Land | 1,480 | |||
Initial Cost to Company, Building & Improvements | 13,913 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,598 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,480 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 16,511 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 17,991 | |||
Accumulated Depreciation | $ (4,180) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Elkhart Plaza West, Elkhart, IN | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 770 | |||
Initial Cost to Company, Building & Improvements | 6,326 | |||
Initial Cost to Company, Subsequent to Acquisition | 232 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 770 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 6,558 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 7,328 | |||
Accumulated Depreciation | $ (2,050) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Apple Glen Crossing, Fort Wayne, IN | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,550 | |||
Initial Cost to Company, Building & Improvements | 19,742 | |||
Initial Cost to Company, Subsequent to Acquisition | 752 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,550 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 20,494 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 23,044 | |||
Accumulated Depreciation | $ (5,481) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Elkhart Market Center, Goshen, IN | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,765 | |||
Initial Cost to Company, Building & Improvements | 14,231 | |||
Initial Cost to Company, Subsequent to Acquisition | 4,032 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,765 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 18,263 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 20,028 | |||
Accumulated Depreciation | $ (5,276) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Marwood Plaza, Indianapolis, IN | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,720 | |||
Initial Cost to Company, Building & Improvements | 5,479 | |||
Initial Cost to Company, Subsequent to Acquisition | 960 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,720 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 6,439 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 8,159 | |||
Accumulated Depreciation | $ (1,664) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Westlane Shopping Center, Indianapolis, IN | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 870 | |||
Initial Cost to Company, Building & Improvements | 2,603 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,048 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 870 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 3,651 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 4,521 | |||
Accumulated Depreciation | $ (1,170) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Valley View Plaza, Marion, IN | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (1,053) | |||
Initial Cost to Company, Land | 440 | |||
Initial Cost to Company, Building & Improvements | 3,020 | |||
Initial Cost to Company, Subsequent to Acquisition | 162 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 440 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 3,182 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 3,622 | |||
Accumulated Depreciation | $ (853) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Bittersweet Plaza, Mishawaka, IN | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 840 | |||
Initial Cost to Company, Building & Improvements | 6,677 | |||
Initial Cost to Company, Subsequent to Acquisition | 527 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 840 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 7,204 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 8,044 | |||
Accumulated Depreciation | $ (1,969) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Lincoln Plaza, New Haven, IN | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 780 | |||
Initial Cost to Company, Building & Improvements | 6,277 | |||
Initial Cost to Company, Subsequent to Acquisition | 809 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 780 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 7,086 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 7,866 | |||
Accumulated Depreciation | $ (1,948) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Speedway Super Center, Speedway, IN | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 8,410 | |||
Initial Cost to Company, Building & Improvements | 48,942 | |||
Initial Cost to Company, Subsequent to Acquisition | 6,937 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 8,410 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 55,879 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 64,289 | |||
Accumulated Depreciation | $ (13,474) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Sagamore Park Center, West Lafayette, IN | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,390 | |||
Initial Cost to Company, Building & Improvements | 10,865 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,874 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,390 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 12,739 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 15,129 | |||
Accumulated Depreciation | $ (3,959) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Westchester Square, Lenexa, KS | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,250 | |||
Initial Cost to Company, Building & Improvements | 13,982 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,439 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,250 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 16,421 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 19,671 | |||
Accumulated Depreciation | $ (4,345) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
West Loop Shopping Center, Manhattan, KS | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,800 | |||
Initial Cost to Company, Building & Improvements | 10,299 | |||
Initial Cost to Company, Subsequent to Acquisition | 6,263 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,800 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 16,562 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 19,362 | |||
Accumulated Depreciation | $ (4,303) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
North Dixie Plaza, Elizabethtown, KY | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,370 | |||
Initial Cost to Company, Building & Improvements | 4,521 | |||
Initial Cost to Company, Subsequent to Acquisition | 454 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,370 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 4,975 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 7,345 | |||
Accumulated Depreciation | $ (1,029) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Florence Plaza - Florence Square, Florence, KY | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 9,380 | |||
Initial Cost to Company, Building & Improvements | 46,030 | |||
Initial Cost to Company, Subsequent to Acquisition | 18,620 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 11,013 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 63,017 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 74,030 | |||
Accumulated Depreciation | $ (14,987) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Jeffersontown Commons, Jeffersontown, KY | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,920 | |||
Initial Cost to Company, Building & Improvements | 14,437 | |||
Initial Cost to Company, Subsequent to Acquisition | 952 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,920 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 15,389 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 19,309 | |||
Accumulated Depreciation | $ (5,459) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Mist Lake Plaza, Lexington, KY | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 4,200 | |||
Initial Cost to Company, Building & Improvements | 10,452 | |||
Initial Cost to Company, Subsequent to Acquisition | 979 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 4,200 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 11,431 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 15,631 | |||
Accumulated Depreciation | $ (3,488) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
London Marketplace, London, KY | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,400 | |||
Initial Cost to Company, Building & Improvements | 10,293 | |||
Initial Cost to Company, Subsequent to Acquisition | 334 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,400 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 10,627 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 12,027 | |||
Accumulated Depreciation | $ (3,930) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Eastgate Shopping Center, Louisville, KY | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 4,300 | |||
Initial Cost to Company, Building & Improvements | 13,515 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,316 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 4,300 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 15,831 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 20,131 | |||
Accumulated Depreciation | $ (5,244) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Plainview Village, Louisville, KY | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,600 | |||
Initial Cost to Company, Building & Improvements | 9,709 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,301 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,600 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 11,010 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 13,610 | |||
Accumulated Depreciation | $ (3,004) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Stony Brook I & II, Louisville, KY | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,650 | |||
Initial Cost to Company, Building & Improvements | 17,554 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,653 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,650 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 19,207 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 22,857 | |||
Accumulated Depreciation | $ (5,124) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Towne Square North, Owensboro, KY | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (4,210) | |||
Initial Cost to Company, Land | 2,230 | |||
Initial Cost to Company, Building & Improvements | 9,037 | |||
Initial Cost to Company, Subsequent to Acquisition | 444 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,230 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 9,481 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 11,711 | |||
Accumulated Depreciation | $ (3,681) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Karam Shopping Center, Lafayette, LA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (1,944) | |||
Initial Cost to Company, Land | 410 | |||
Initial Cost to Company, Building & Improvements | 2,955 | |||
Initial Cost to Company, Subsequent to Acquisition | 446 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 410 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 3,401 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 3,811 | |||
Accumulated Depreciation | $ (1,315) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Iberia Plaza, New Iberia, LA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,590 | |||
Initial Cost to Company, Building & Improvements | 5,728 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,281 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,590 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 7,009 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 9,599 | |||
Accumulated Depreciation | $ (3,075) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Lagniappe Village, New Iberia, LA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,170 | |||
Initial Cost to Company, Building & Improvements | 11,023 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,097 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,170 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 12,120 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 15,290 | |||
Accumulated Depreciation | $ (5,502) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
The Pines, Pineville, LA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (3,438) | |||
Initial Cost to Company, Land | 3,080 | |||
Initial Cost to Company, Building & Improvements | 7,035 | |||
Initial Cost to Company, Subsequent to Acquisition | 133 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,080 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 7,168 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 10,248 | |||
Accumulated Depreciation | $ (1,609) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Points West, Brockton, MA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (7,397) | |||
Initial Cost to Company, Land | 2,200 | |||
Initial Cost to Company, Building & Improvements | 10,492 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,226 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,200 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 11,718 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 13,918 | |||
Accumulated Depreciation | $ (4,105) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Burlington Square I, II, and III, Burlington, MA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 4,690 | |||
Initial Cost to Company, Building & Improvements | 12,717 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,832 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 4,690 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 14,549 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 19,239 | |||
Accumulated Depreciation | $ (3,679) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Chicopee Marketplace, Chicopee, MA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,470 | |||
Initial Cost to Company, Building & Improvements | 24,980 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,293 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,470 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 26,273 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 29,743 | |||
Accumulated Depreciation | $ (6,469) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Holyoke Shopping Center, Holyoke, MA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,110 | |||
Initial Cost to Company, Building & Improvements | 11,903 | |||
Initial Cost to Company, Subsequent to Acquisition | 817 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,110 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 12,720 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 15,830 | |||
Accumulated Depreciation | $ (4,135) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
WaterTower Plaza, Leominster, MA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 10,400 | |||
Initial Cost to Company, Building & Improvements | 39,499 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,534 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 10,400 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 42,033 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 52,433 | |||
Accumulated Depreciation | $ (12,442) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Lunenberg Crossing, Lunenburg, MA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (2,041) | |||
Initial Cost to Company, Land | 930 | |||
Initial Cost to Company, Building & Improvements | 1,668 | |||
Initial Cost to Company, Subsequent to Acquisition | 901 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 930 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 2,569 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 3,499 | |||
Accumulated Depreciation | $ (392) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Lynn Marketplace, Lynn, MA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,100 | |||
Initial Cost to Company, Building & Improvements | 5,615 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,178 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,100 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 7,793 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 10,893 | |||
Accumulated Depreciation | $ (1,964) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Webster Square, Marchfield, MA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 5,532 | |||
Initial Cost to Company, Building & Improvements | 27,223 | |||
Initial Cost to Company, Subsequent to Acquisition | 203 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 5,532 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 27,426 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 32,958 | |||
Accumulated Depreciation | $ (3,288) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Berkshire Crossing, Pittsfield, MA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 5,210 | |||
Initial Cost to Company, Building & Improvements | 38,733 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,551 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 5,210 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 41,284 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 46,494 | |||
Accumulated Depreciation | $ (12,164) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Westgate Plaza, Westfield, MA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,250 | |||
Initial Cost to Company, Building & Improvements | 9,669 | |||
Initial Cost to Company, Subsequent to Acquisition | 970 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,250 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 10,639 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 12,889 | |||
Accumulated Depreciation | $ (3,515) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Perkins Farm Marketplace, Worcester, MA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,150 | |||
Initial Cost to Company, Building & Improvements | 16,766 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,632 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,150 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 19,398 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 21,548 | |||
Accumulated Depreciation | $ (6,027) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
South Plaza Shopping Center, California, MD | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,174 | |||
Initial Cost to Company, Building & Improvements | 23,209 | |||
Initial Cost to Company, Subsequent to Acquisition | 109 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,174 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 23,318 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 25,492 | |||
Accumulated Depreciation | $ (4,005) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Campus Village, College Park, MD | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,660 | |||
Initial Cost to Company, Building & Improvements | 4,980 | |||
Initial Cost to Company, Subsequent to Acquisition | 647 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,660 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 5,627 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 7,287 | |||
Accumulated Depreciation | $ (1,226) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Fox Run, Prince Frederick, MD | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,560 | |||
Initial Cost to Company, Building & Improvements | 31,086 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,430 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,560 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 33,516 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 37,076 | |||
Accumulated Depreciation | $ (9,803) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Liberty Plaza, Randallstown, MD | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 782 | |||
Initial Cost to Company, Building & Improvements | 6,134 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,306 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 782 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 8,440 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 9,222 | |||
Accumulated Depreciation | $ (1,936) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Pine Tree Shopping Center, Portland, ME | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,860 | |||
Initial Cost to Company, Building & Improvements | 18,988 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,494 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,860 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 20,482 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 23,342 | |||
Accumulated Depreciation | $ (7,590) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Arborland Center | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 14,184 | |||
Initial Cost to Company, Building & Improvements | 90,938 | |||
Initial Cost to Company, Subsequent to Acquisition | 283 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 14,184 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 91,221 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 105,405 | |||
Accumulated Depreciation | $ (4,850) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Maple Village, Ann Arbor, MI | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,200 | |||
Initial Cost to Company, Building & Improvements | 15,895 | |||
Initial Cost to Company, Subsequent to Acquisition | 19,199 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,200 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 35,094 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 38,294 | |||
Accumulated Depreciation | $ (4,690) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Grand Crossing, Brighton, MI | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (2,692) | |||
Initial Cost to Company, Land | 1,780 | |||
Initial Cost to Company, Building & Improvements | 7,487 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,059 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,780 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 9,546 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 11,326 | |||
Accumulated Depreciation | $ (2,954) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Farmington Crossroads, Farmington, MI | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,620 | |||
Initial Cost to Company, Building & Improvements | 4,340 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,939 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,620 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 6,279 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 7,899 | |||
Accumulated Depreciation | $ (1,855) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Silver Pointe Shopping Center, Fenton, MI | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (2,590) | |||
Initial Cost to Company, Land | 3,840 | |||
Initial Cost to Company, Building & Improvements | 12,258 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,298 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,840 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 13,556 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 17,396 | |||
Accumulated Depreciation | $ (4,822) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Cascade East, Grand Rapids, MI | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,280 | |||
Initial Cost to Company, Building & Improvements | 4,802 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,317 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,280 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 6,119 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 7,399 | |||
Accumulated Depreciation | $ (2,277) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Delta Center, Lancing, MI | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (5,185) | |||
Initial Cost to Company, Land | 1,580 | |||
Initial Cost to Company, Building & Improvements | 9,394 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,853 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,580 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 11,247 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 12,827 | |||
Accumulated Depreciation | $ (4,425) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Lakes Crossing, Muskegon, MI | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,440 | |||
Initial Cost to Company, Building & Improvements | 13,457 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,277 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,440 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 15,734 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 17,174 | |||
Accumulated Depreciation | $ (4,509) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Redford Plaza, Redford, MI | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 7,510 | |||
Initial Cost to Company, Building & Improvements | 18,348 | |||
Initial Cost to Company, Subsequent to Acquisition | 3,178 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 7,510 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 21,526 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 29,036 | |||
Accumulated Depreciation | $ (7,410) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Hampton Village Centre, Rochester Hills, MI | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 5,370 | |||
Initial Cost to Company, Building & Improvements | 47,612 | |||
Initial Cost to Company, Subsequent to Acquisition | 10,002 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 5,370 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 57,614 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 62,984 | |||
Accumulated Depreciation | $ (16,418) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Fashion Corners, Saginaw, MI | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,940 | |||
Initial Cost to Company, Building & Improvements | 17,703 | |||
Initial Cost to Company, Subsequent to Acquisition | 644 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,940 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 18,347 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 20,287 | |||
Accumulated Depreciation | $ (5,700) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Green Acres, Saginaw, MI | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,170 | |||
Initial Cost to Company, Building & Improvements | 8,225 | |||
Initial Cost to Company, Subsequent to Acquisition | 4,402 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,170 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 12,627 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 14,797 | |||
Accumulated Depreciation | $ (4,120) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Southfield Plaza, Southfield, MI | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,320 | |||
Initial Cost to Company, Building & Improvements | 3,608 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,166 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,320 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 5,774 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 7,094 | |||
Accumulated Depreciation | $ (1,867) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
18 Ryan, Sterling Heights, MI | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (5,503) | |||
Initial Cost to Company, Land | 3,160 | |||
Initial Cost to Company, Building & Improvements | 8,794 | |||
Initial Cost to Company, Subsequent to Acquisition | 366 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,160 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 9,160 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 12,320 | |||
Accumulated Depreciation | $ (2,143) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Delco Plaza, Sterling Heights, MI | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (3,624) | |||
Initial Cost to Company, Land | 2,860 | |||
Initial Cost to Company, Building & Improvements | 6,682 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,263 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,860 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 7,945 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 10,805 | |||
Accumulated Depreciation | $ (3,524) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Grand Traverse Crossing, Traverse City, MI | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,100 | |||
Initial Cost to Company, Building & Improvements | 31,047 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,947 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,100 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 32,994 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 36,094 | |||
Accumulated Depreciation | $ (8,550) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
West Ridge, Westland, MI | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,800 | |||
Initial Cost to Company, Building & Improvements | 5,244 | |||
Initial Cost to Company, Subsequent to Acquisition | 4,571 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,800 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 9,815 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 11,615 | |||
Accumulated Depreciation | $ (2,209) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Roundtree Place, Ypsilanti, MI | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,520 | |||
Initial Cost to Company, Building & Improvements | 8,249 | |||
Initial Cost to Company, Subsequent to Acquisition | 6,603 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,520 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 14,852 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 18,372 | |||
Accumulated Depreciation | $ (3,262) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Washtenaw Fountain Plaza, Ypsilanti, MI | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,030 | |||
Initial Cost to Company, Building & Improvements | 6,890 | |||
Initial Cost to Company, Subsequent to Acquisition | 701 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,030 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 7,591 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 9,621 | |||
Accumulated Depreciation | $ (2,997) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Southport Centre I - VI, Apple Valley, MN | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 4,602 | |||
Initial Cost to Company, Building & Improvements | 18,375 | |||
Initial Cost to Company, Subsequent to Acquisition | 505 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 4,602 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 18,880 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 23,482 | |||
Accumulated Depreciation | $ (4,375) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Burning Tree Plaza, Duluth, MN | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 4,790 | |||
Initial Cost to Company, Building & Improvements | 15,761 | |||
Initial Cost to Company, Subsequent to Acquisition | 616 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 4,790 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 16,377 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 21,167 | |||
Accumulated Depreciation | $ (4,693) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Elk Park Center, Elk River, MN | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,770 | |||
Initial Cost to Company, Building & Improvements | 18,255 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,027 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,770 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 19,282 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 23,052 | |||
Accumulated Depreciation | $ (6,144) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Westwind Plaza, Minnetonka, MN | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,630 | |||
Initial Cost to Company, Building & Improvements | 11,452 | |||
Initial Cost to Company, Subsequent to Acquisition | 904 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,630 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 12,356 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 14,986 | |||
Accumulated Depreciation | $ (2,976) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Richfield Hub & West Shopping Center, Richfield, MN | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 7,748 | |||
Initial Cost to Company, Building & Improvements | 18,517 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,591 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 7,748 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 20,108 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 27,856 | |||
Accumulated Depreciation | $ (4,552) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Roseville Center, Roseville, MN | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,620 | |||
Initial Cost to Company, Building & Improvements | 8,364 | |||
Initial Cost to Company, Subsequent to Acquisition | 145 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,620 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 8,509 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 10,129 | |||
Accumulated Depreciation | $ (2,189) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Marketplace @ 42, Savage, MN | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 5,150 | |||
Initial Cost to Company, Building & Improvements | 11,489 | |||
Initial Cost to Company, Subsequent to Acquisition | 4,807 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 5,150 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 16,296 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 21,446 | |||
Accumulated Depreciation | $ (2,823) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Sun Ray Shopping Center, St. Paul. MN | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 5,250 | |||
Initial Cost to Company, Building & Improvements | 20,617 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,692 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 5,250 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 23,309 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 28,559 | |||
Accumulated Depreciation | $ (6,827) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
White Bear Hills Shopping Center, White Bear Lake, MN | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,790 | |||
Initial Cost to Company, Building & Improvements | 6,157 | |||
Initial Cost to Company, Subsequent to Acquisition | 252 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,790 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 6,409 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 8,199 | |||
Accumulated Depreciation | $ (2,621) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Ellisville Square, Ellisville, MO | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,130 | |||
Initial Cost to Company, Building & Improvements | 2,907 | |||
Initial Cost to Company, Subsequent to Acquisition | 9,368 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,130 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 12,275 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 14,405 | |||
Accumulated Depreciation | $ (2,029) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Clocktower Plaza, Florissant, MO | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,590 | |||
Initial Cost to Company, Building & Improvements | 8,395 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,730 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,590 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 11,125 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 14,715 | |||
Accumulated Depreciation | $ (3,350) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Hub Shopping Center, Independence, MO | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 850 | |||
Initial Cost to Company, Building & Improvements | 7,600 | |||
Initial Cost to Company, Subsequent to Acquisition | 345 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 850 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 7,945 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 8,795 | |||
Accumulated Depreciation | $ (3,331) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Watts Mill Plaza, Kansas City, MO | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,610 | |||
Initial Cost to Company, Building & Improvements | 13,282 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,291 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,610 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 14,573 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 17,183 | |||
Accumulated Depreciation | $ (3,726) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Liberty Corners, Liberty, MO | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,530 | |||
Initial Cost to Company, Building & Improvements | 8,567 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,242 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,530 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 10,809 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 13,339 | |||
Accumulated Depreciation | $ (3,790) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Maplewood Square, Maplewood, MO | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,450 | |||
Initial Cost to Company, Building & Improvements | 4,494 | |||
Initial Cost to Company, Subsequent to Acquisition | 425 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,450 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 4,919 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 6,369 | |||
Accumulated Depreciation | $ (1,764) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Clinton Crossing, Clinton, MS | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (4,048) | |||
Initial Cost to Company, Land | 2,760 | |||
Initial Cost to Company, Building & Improvements | 9,216 | |||
Initial Cost to Company, Subsequent to Acquisition | 706 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,760 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 9,922 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 12,682 | |||
Accumulated Depreciation | $ (2,778) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
County Line Plaza, Jackson, MS | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,820 | |||
Initial Cost to Company, Building & Improvements | 23,157 | |||
Initial Cost to Company, Subsequent to Acquisition | 6,607 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,820 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 29,764 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 32,584 | |||
Accumulated Depreciation | $ (6,249) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Devonshire Place, Cary, NC | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (4,671) | |||
Initial Cost to Company, Land | 940 | |||
Initial Cost to Company, Building & Improvements | 3,674 | |||
Initial Cost to Company, Subsequent to Acquisition | 5,526 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 940 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 9,200 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 10,140 | |||
Accumulated Depreciation | $ (2,241) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
McMullen Creek Market, Charlotte, NC | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 10,590 | |||
Initial Cost to Company, Building & Improvements | 22,874 | |||
Initial Cost to Company, Subsequent to Acquisition | 4,406 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 10,590 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 27,280 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 37,870 | |||
Accumulated Depreciation | $ (6,573) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
The Commons at Chancellor Park, Charlotte, NC | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 5,240 | |||
Initial Cost to Company, Building & Improvements | 19,587 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,262 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 5,240 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 21,849 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 27,089 | |||
Accumulated Depreciation | $ (6,140) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Macon Plaza, Franklin, NC | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 770 | |||
Initial Cost to Company, Building & Improvements | 3,783 | |||
Initial Cost to Company, Subsequent to Acquisition | 195 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 770 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 3,978 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 4,748 | |||
Accumulated Depreciation | $ (1,687) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Garner Town Square, Garner, NC | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 6,233 | |||
Initial Cost to Company, Building & Improvements | 23,097 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,523 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 6,233 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 24,620 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 30,853 | |||
Accumulated Depreciation | $ (5,223) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Franklin Square, Gastonia, NC | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 7,060 | |||
Initial Cost to Company, Building & Improvements | 27,871 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,746 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 7,060 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 30,617 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 37,677 | |||
Accumulated Depreciation | $ (7,774) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Wendover Place, Greensboro, NC | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 15,990 | |||
Initial Cost to Company, Building & Improvements | 39,032 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,865 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 15,990 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 41,897 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 57,887 | |||
Accumulated Depreciation | $ (14,127) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
University Commons, Greenville, NC | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 5,350 | |||
Initial Cost to Company, Building & Improvements | 26,023 | |||
Initial Cost to Company, Subsequent to Acquisition | 3,976 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 5,350 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 29,999 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 35,349 | |||
Accumulated Depreciation | $ (8,157) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Valley Crossing, Hickory, NC | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,130 | |||
Initial Cost to Company, Building & Improvements | 5,884 | |||
Initial Cost to Company, Subsequent to Acquisition | 8,826 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,130 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 14,710 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 16,840 | |||
Accumulated Depreciation | $ (3,987) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Kinston Pointe, Kinston, NC | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,180 | |||
Initial Cost to Company, Building & Improvements | 8,479 | |||
Initial Cost to Company, Subsequent to Acquisition | 337 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,180 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 8,816 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 10,996 | |||
Accumulated Depreciation | $ (3,886) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Magnolia Plaza, Morganton, NC | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 730 | |||
Initial Cost to Company, Building & Improvements | 3,059 | |||
Initial Cost to Company, Subsequent to Acquisition | 211 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 730 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 3,270 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 4,000 | |||
Accumulated Depreciation | $ (599) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Roxboro Square, Roxboro, NC | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,550 | |||
Initial Cost to Company, Building & Improvements | 8,935 | |||
Initial Cost to Company, Subsequent to Acquisition | 305 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,550 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 9,240 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 10,790 | |||
Accumulated Depreciation | $ (3,273) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Innes Street Market, Salisbury, NC | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 12,180 | |||
Initial Cost to Company, Building & Improvements | 27,275 | |||
Initial Cost to Company, Subsequent to Acquisition | 766 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 12,180 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 28,041 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 40,221 | |||
Accumulated Depreciation | $ (11,037) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Crossroads, Statesville, NC | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 6,220 | |||
Initial Cost to Company, Building & Improvements | 15,098 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,320 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 6,220 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 16,418 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 22,638 | |||
Accumulated Depreciation | $ (4,488) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Anson Station, Wadesboro, NC | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (1,229) | |||
Initial Cost to Company, Land | 910 | |||
Initial Cost to Company, Building & Improvements | 3,895 | |||
Initial Cost to Company, Subsequent to Acquisition | 267 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 910 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 4,162 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 5,072 | |||
Accumulated Depreciation | $ (1,876) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
New Center Market, Wilmington, NC | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 5,730 | |||
Initial Cost to Company, Building & Improvements | 14,673 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,595 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 5,730 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 17,268 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 22,998 | |||
Accumulated Depreciation | $ (3,507) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
University Commons, Wilmington, NC | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 6,910 | |||
Initial Cost to Company, Building & Improvements | 26,445 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,946 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 6,910 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 28,391 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 35,301 | |||
Accumulated Depreciation | $ (7,992) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Whitaker Square, Winston Salem, NC | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,923 | |||
Initial Cost to Company, Building & Improvements | 11,824 | |||
Initial Cost to Company, Subsequent to Acquisition | 887 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,923 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 12,711 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 15,634 | |||
Accumulated Depreciation | $ (2,432) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Parkway Plaza, Winston-Salem, NC | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 6,910 | |||
Initial Cost to Company, Building & Improvements | 17,009 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,414 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 6,910 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 18,423 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 25,333 | |||
Accumulated Depreciation | $ (5,950) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Stratford Commons, Winston-Salem, NC | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,770 | |||
Initial Cost to Company, Building & Improvements | 9,402 | |||
Initial Cost to Company, Subsequent to Acquisition | 268 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,770 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 9,670 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 12,440 | |||
Accumulated Depreciation | $ (2,873) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Bedfrod Grove, Bedford, NH | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,400 | |||
Initial Cost to Company, Building & Improvements | 17,627 | |||
Initial Cost to Company, Subsequent to Acquisition | 3,650 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,400 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 21,277 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 24,677 | |||
Accumulated Depreciation | $ (6,132) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Capitol Shopping Center, Concord, NH | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,160 | |||
Initial Cost to Company, Building & Improvements | 11,361 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,290 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,160 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 12,651 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 14,811 | |||
Accumulated Depreciation | $ (4,655) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Willow Springs Plaza, Nashua, NH | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (13,739) | |||
Initial Cost to Company, Land | 3,490 | |||
Initial Cost to Company, Building & Improvements | 19,290 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,195 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,490 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 20,485 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 23,975 | |||
Accumulated Depreciation | $ (5,384) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Seacoast Shopping Center, Seabrook, NH | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (4,634) | |||
Initial Cost to Company, Land | 2,230 | |||
Initial Cost to Company, Building & Improvements | 7,956 | |||
Initial Cost to Company, Subsequent to Acquisition | 819 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,230 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 8,775 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 11,005 | |||
Accumulated Depreciation | $ (1,459) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Tri-City Plaza, Somersworth, NH | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,900 | |||
Initial Cost to Company, Building & Improvements | 9,682 | |||
Initial Cost to Company, Subsequent to Acquisition | 4,985 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,900 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 14,667 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 16,567 | |||
Accumulated Depreciation | $ (4,138) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Laurel Square, Brick, NJ | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (9,072) | |||
Initial Cost to Company, Land | 5,400 | |||
Initial Cost to Company, Building & Improvements | 19,256 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,454 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 5,400 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 20,710 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 26,110 | |||
Accumulated Depreciation | $ (5,113) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
the Shoppes at Cinnaminson, Cinnaminson, NJ | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 6,030 | |||
Initial Cost to Company, Building & Improvements | 45,126 | |||
Initial Cost to Company, Subsequent to Acquisition | 3,639 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 6,030 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 48,765 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 54,795 | |||
Accumulated Depreciation | $ (11,746) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
A&P Fresh Market, Clark, NJ | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (4,155) | |||
Initial Cost to Company, Land | 2,630 | |||
Initial Cost to Company, Building & Improvements | 8,351 | |||
Initial Cost to Company, Subsequent to Acquisition | 28 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,630 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 8,379 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 11,009 | |||
Accumulated Depreciation | $ (2,391) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Collegetown Shopping Center, Glassboro, NJ | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,560 | |||
Initial Cost to Company, Building & Improvements | 15,512 | |||
Initial Cost to Company, Subsequent to Acquisition | 7,856 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,560 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 23,368 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 24,928 | |||
Accumulated Depreciation | $ (7,250) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Hamilton Plaza-Kmart Plaza, Hamilton, NJ | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (2,555) | |||
Initial Cost to Company, Land | 1,580 | |||
Initial Cost to Company, Building & Improvements | 8,573 | |||
Initial Cost to Company, Subsequent to Acquisition | 3,459 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,580 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 12,032 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 13,612 | |||
Accumulated Depreciation | $ (2,749) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Bennetts Mills Plaza, Jackson, NJ | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (12,144) | |||
Initial Cost to Company, Land | 3,130 | |||
Initial Cost to Company, Building & Improvements | 16,922 | |||
Initial Cost to Company, Subsequent to Acquisition | 509 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,130 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 17,431 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 20,561 | |||
Accumulated Depreciation | $ (4,237) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Lakewood Plaza, Lakewood, NJ | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 5,090 | |||
Initial Cost to Company, Building & Improvements | 25,781 | |||
Initial Cost to Company, Subsequent to Acquisition | 842 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 5,090 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 26,623 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 31,713 | |||
Accumulated Depreciation | $ (7,650) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Marlton Crossing, Marlton, NJ | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 5,950 | |||
Initial Cost to Company, Building & Improvements | 45,186 | |||
Initial Cost to Company, Subsequent to Acquisition | 11,103 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 5,950 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 56,289 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 62,239 | |||
Accumulated Depreciation | $ (15,394) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Middletown Plaza, Middletown, NJ | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (16,534) | |||
Initial Cost to Company, Land | 5,060 | |||
Initial Cost to Company, Building & Improvements | 40,870 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,482 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 5,060 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 43,352 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 48,412 | |||
Accumulated Depreciation | $ (10,034) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Larchmont Center, Mount Laurel, NJ | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (7,000) | |||
Initial Cost to Company, Land | 4,421 | |||
Initial Cost to Company, Building & Improvements | 14,787 | |||
Initial Cost to Company, Subsequent to Acquisition | 133 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 4,421 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 14,920 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 19,341 | |||
Accumulated Depreciation | $ (1,872) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Old Bridge Gateway, Old Bridge, NJ | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 7,200 | |||
Initial Cost to Company, Building & Improvements | 36,889 | |||
Initial Cost to Company, Subsequent to Acquisition | 3,931 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 7,200 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 40,820 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 48,020 | |||
Accumulated Depreciation | $ (10,422) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Morris Hills Shopping Center, Parsippany, NJ | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,970 | |||
Initial Cost to Company, Building & Improvements | 28,892 | |||
Initial Cost to Company, Subsequent to Acquisition | 5,401 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,970 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 34,293 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 38,263 | |||
Accumulated Depreciation | $ (7,393) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Rio Grande Plaza, Rio Grande, NJ | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,660 | |||
Initial Cost to Company, Building & Improvements | 11,840 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,071 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,660 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 12,911 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 14,571 | |||
Accumulated Depreciation | $ (3,407) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Ocean Heights Shopping Center, Somers Point, NJ | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 6,110 | |||
Initial Cost to Company, Building & Improvements | 34,462 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,868 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 6,110 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 36,330 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 42,440 | |||
Accumulated Depreciation | $ (7,575) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
ShopRite Supermarket, Springfield, NJ | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,150 | |||
Initial Cost to Company, Building & Improvements | 4,310 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,070 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,773 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 5,757 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 7,530 | |||
Accumulated Depreciation | $ (1,257) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Tinton Falls Plaza, Tinton Falls, NJ | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,080 | |||
Initial Cost to Company, Building & Improvements | 11,550 | |||
Initial Cost to Company, Subsequent to Acquisition | 548 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,080 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 12,098 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 15,178 | |||
Accumulated Depreciation | $ (3,303) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Cross Keys Commons, Turnersville, NJ | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 5,840 | |||
Initial Cost to Company, Building & Improvements | 32,004 | |||
Initial Cost to Company, Subsequent to Acquisition | 4,681 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 5,840 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 36,685 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 42,525 | |||
Accumulated Depreciation | $ (8,588) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Dover Park Plaza, Yardville, NJ | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,030 | |||
Initial Cost to Company, Building & Improvements | 7,280 | |||
Initial Cost to Company, Subsequent to Acquisition | 733 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,030 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 8,013 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 9,043 | |||
Accumulated Depreciation | $ (1,803) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
St Francis Plaza, Santa Fe, NM | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,110 | |||
Initial Cost to Company, Building & Improvements | 4,843 | |||
Initial Cost to Company, Subsequent to Acquisition | 0 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,110 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 4,843 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 5,953 | |||
Accumulated Depreciation | $ (1,171) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Smith's | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (1,331) | |||
Initial Cost to Company, Land | 600 | |||
Initial Cost to Company, Building & Improvements | 5,312 | |||
Initial Cost to Company, Subsequent to Acquisition | (2,061) | |||
Gross Amount at Which Carried at the Close of the Period, Land | 600 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 3,251 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 3,851 | |||
Accumulated Depreciation | $ (2,074) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Parkway Plaza, Carle Place, NY | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 5,790 | |||
Initial Cost to Company, Building & Improvements | 19,234 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,615 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 5,790 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 21,849 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 27,639 | |||
Accumulated Depreciation | $ (4,498) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Kmart Plaza, Dewitt, NY | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (2,283) | |||
Initial Cost to Company, Land | 1,080 | |||
Initial Cost to Company, Building & Improvements | 3,957 | |||
Initial Cost to Company, Subsequent to Acquisition | 14,940 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,080 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 18,897 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 19,977 | |||
Accumulated Depreciation | $ (1,759) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Unity Plaza, East Fishkill, NY | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (5,414) | |||
Initial Cost to Company, Land | 2,100 | |||
Initial Cost to Company, Building & Improvements | 13,935 | |||
Initial Cost to Company, Subsequent to Acquisition | 134 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,100 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 14,069 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 16,169 | |||
Accumulated Depreciation | $ (3,067) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Suffolk Plaza, East Setauket, NY | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,780 | |||
Initial Cost to Company, Building & Improvements | 9,937 | |||
Initial Cost to Company, Subsequent to Acquisition | 758 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,780 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 10,695 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 13,475 | |||
Accumulated Depreciation | $ (2,032) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Three Village Shopping Center, East Setauket, NY | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 5,310 | |||
Initial Cost to Company, Building & Improvements | 15,704 | |||
Initial Cost to Company, Subsequent to Acquisition | 322 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 5,310 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 16,026 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 21,336 | |||
Accumulated Depreciation | $ (3,744) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Stewart Plaza, Garden City, NY | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 6,040 | |||
Initial Cost to Company, Building & Improvements | 20,987 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,478 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 6,040 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 22,465 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 28,505 | |||
Accumulated Depreciation | $ (6,460) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Dalewood I, II & III Shopping Center, Hartsdale, NY | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 6,900 | |||
Initial Cost to Company, Building & Improvements | 56,902 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,874 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 6,900 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 59,776 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 66,676 | |||
Accumulated Depreciation | $ (11,454) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Cayuga Mall, Ithaca, NY | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (6,873) | |||
Initial Cost to Company, Land | 1,180 | |||
Initial Cost to Company, Building & Improvements | 9,104 | |||
Initial Cost to Company, Subsequent to Acquisition | 3,652 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,180 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 12,756 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 13,936 | |||
Accumulated Depreciation | $ (3,570) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Kings Park Shopping Center, Kings Park, NY | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 4,790 | |||
Initial Cost to Company, Building & Improvements | 11,100 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,128 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 4,790 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 13,228 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 18,018 | |||
Accumulated Depreciation | $ (3,021) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Village Square, Larchmont, NY | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,320 | |||
Initial Cost to Company, Building & Improvements | 4,808 | |||
Initial Cost to Company, Subsequent to Acquisition | 883 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,320 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 5,691 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 7,011 | |||
Accumulated Depreciation | $ (1,025) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Falcaro's Plaza, Lawrence, NY | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,410 | |||
Initial Cost to Company, Building & Improvements | 8,822 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,829 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,410 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 10,651 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 14,061 | |||
Accumulated Depreciation | $ (1,927) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
A&P Mamaroneck, Mamaroneck, NY | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,460 | |||
Initial Cost to Company, Building & Improvements | 765 | |||
Initial Cost to Company, Subsequent to Acquisition | 4,203 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,198 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 4,230 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 6,428 | |||
Accumulated Depreciation | $ (210) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Sunshine Square, Medford, NY | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 7,350 | |||
Initial Cost to Company, Building & Improvements | 23,359 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,906 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 7,350 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 25,265 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 32,615 | |||
Accumulated Depreciation | $ (6,130) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Wallkill Plaza, Middletown, NY | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,360 | |||
Initial Cost to Company, Building & Improvements | 7,814 | |||
Initial Cost to Company, Subsequent to Acquisition | 3,027 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,360 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 10,841 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 12,201 | |||
Accumulated Depreciation | $ (4,114) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Monroe ShopRite Plaza, Monroe, NY | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (8,054) | |||
Initial Cost to Company, Land | 1,840 | |||
Initial Cost to Company, Building & Improvements | 16,111 | |||
Initial Cost to Company, Subsequent to Acquisition | 573 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,840 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 16,684 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 18,524 | |||
Accumulated Depreciation | $ (5,094) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Rockland Plaza, Nanuet, NY | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (28,385) | |||
Initial Cost to Company, Land | 10,700 | |||
Initial Cost to Company, Building & Improvements | 59,163 | |||
Initial Cost to Company, Subsequent to Acquisition | 9,021 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 11,097 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 67,787 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 78,884 | |||
Accumulated Depreciation | $ (13,438) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
North Ridge Plaza, New Rochelle, NY | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 4,910 | |||
Initial Cost to Company, Building & Improvements | 9,253 | |||
Initial Cost to Company, Subsequent to Acquisition | 966 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 4,910 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 10,219 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 15,129 | |||
Accumulated Depreciation | $ (2,080) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Nesconset Shopping Center, Port Jefferson Station, NY | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 5,510 | |||
Initial Cost to Company, Building & Improvements | 20,215 | |||
Initial Cost to Company, Subsequent to Acquisition | 3,122 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 5,510 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 23,337 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 28,847 | |||
Accumulated Depreciation | $ (5,775) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Roanoke Plaza, Riverhead, NY | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 5,050 | |||
Initial Cost to Company, Building & Improvements | 15,110 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,436 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 5,050 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 16,546 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 21,596 | |||
Accumulated Depreciation | $ (4,419) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Rockville Centre, Rockville Centre, NY | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,590 | |||
Initial Cost to Company, Building & Improvements | 6,935 | |||
Initial Cost to Company, Subsequent to Acquisition | 140 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,590 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 7,075 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 10,665 | |||
Accumulated Depreciation | $ (1,766) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Mohawk Acres, Rome, NY | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (4,574) | |||
Initial Cost to Company, Land | 1,720 | |||
Initial Cost to Company, Building & Improvements | 13,408 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,024 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,720 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 14,432 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 16,152 | |||
Accumulated Depreciation | $ (4,200) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
College Plaza, Selden, NY | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 6,330 | |||
Initial Cost to Company, Building & Improvements | 11,494 | |||
Initial Cost to Company, Subsequent to Acquisition | 15,608 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 6,865 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 26,567 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 33,432 | |||
Accumulated Depreciation | $ (6,457) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Campus Plaza, Vestal, NY | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,170 | |||
Initial Cost to Company, Building & Improvements | 16,075 | |||
Initial Cost to Company, Subsequent to Acquisition | 633 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,170 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 16,708 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 17,878 | |||
Accumulated Depreciation | $ (5,551) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Parkway Plaza, Vestal, NY | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,168 | |||
Initial Cost to Company, Building & Improvements | 18,651 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,577 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,168 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 20,228 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 22,396 | |||
Accumulated Depreciation | $ (7,267) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Shoppes as Vestal, Vestal, NY | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,340 | |||
Initial Cost to Company, Building & Improvements | 14,730 | |||
Initial Cost to Company, Subsequent to Acquisition | 72 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,340 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 14,802 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 16,142 | |||
Accumulated Depreciation | $ (2,942) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Town Square Mall, Vestal, NY | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,520 | |||
Initial Cost to Company, Building & Improvements | 40,790 | |||
Initial Cost to Company, Subsequent to Acquisition | 5,198 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,520 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 45,988 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 48,508 | |||
Accumulated Depreciation | $ (12,003) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
The Plaza at Salmon Run | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,420 | |||
Initial Cost to Company, Building & Improvements | 12,243 | |||
Initial Cost to Company, Subsequent to Acquisition | (3,102) | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,420 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 9,141 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 10,561 | |||
Accumulated Depreciation | $ (3,112) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Highridge Plaza, Yonkers, NY | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 6,020 | |||
Initial Cost to Company, Building & Improvements | 16,388 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,562 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 6,020 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 18,950 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 24,970 | |||
Accumulated Depreciation | $ (3,695) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Brunswick Town Center, Brunswick, OH | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (10,459) | |||
Initial Cost to Company, Land | 2,930 | |||
Initial Cost to Company, Building & Improvements | 18,531 | |||
Initial Cost to Company, Subsequent to Acquisition | 656 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,930 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 19,187 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 22,117 | |||
Accumulated Depreciation | $ (4,184) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
30th Street Plaza, Canton, OH | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,950 | |||
Initial Cost to Company, Building & Improvements | 14,383 | |||
Initial Cost to Company, Subsequent to Acquisition | 676 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,950 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 15,059 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 17,009 | |||
Accumulated Depreciation | $ (4,704) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Brentwood Plaza, Cincinnati, OH | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company, Land | 5,090 | |||
Initial Cost to Company, Building & Improvements | 19,703 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,336 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 5,090 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 22,039 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 27,129 | |||
Accumulated Depreciation | $ (5,831) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Delhi Shopping Center, Cincinnati, OH | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,690 | |||
Initial Cost to Company, Building & Improvements | 7,897 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,804 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,690 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 9,701 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 13,391 | |||
Accumulated Depreciation | $ (2,986) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Harpers Station, Cincinnati, OH | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,110 | |||
Initial Cost to Company, Building & Improvements | 25,054 | |||
Initial Cost to Company, Subsequent to Acquisition | 6,739 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,987 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 30,916 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 34,903 | |||
Accumulated Depreciation | $ (7,683) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Western Hills Plaza, Cincinnati, OH | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 8,690 | |||
Initial Cost to Company, Building & Improvements | 27,598 | |||
Initial Cost to Company, Subsequent to Acquisition | 655 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 8,690 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 28,253 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 36,943 | |||
Accumulated Depreciation | $ (9,106) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Western Village, Cincinnati, OH | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,370 | |||
Initial Cost to Company, Building & Improvements | 12,423 | |||
Initial Cost to Company, Subsequent to Acquisition | 602 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,420 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 12,975 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 16,395 | |||
Accumulated Depreciation | $ (3,598) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Crown Point, Columbus, OH | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,120 | |||
Initial Cost to Company, Building & Improvements | 14,518 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,579 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,120 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 16,097 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 18,217 | |||
Accumulated Depreciation | $ (4,648) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Greentree Shopping Center, Columbus, OH | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (4,858) | |||
Initial Cost to Company, Land | 1,920 | |||
Initial Cost to Company, Building & Improvements | 12,024 | |||
Initial Cost to Company, Subsequent to Acquisition | 277 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,920 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 12,301 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 14,221 | |||
Accumulated Depreciation | $ (3,983) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Brandt Pike Place, Dayton, OH | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 616 | |||
Initial Cost to Company, Building & Improvements | 1,694 | |||
Initial Cost to Company, Subsequent to Acquisition | 16 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 616 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 1,710 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 2,326 | |||
Accumulated Depreciation | $ (621) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
South Towne Centre, Dayton, OH | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (14,573) | |||
Initial Cost to Company, Land | 4,990 | |||
Initial Cost to Company, Building & Improvements | 42,539 | |||
Initial Cost to Company, Subsequent to Acquisition | 6,534 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 4,990 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 49,073 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 54,063 | |||
Accumulated Depreciation | $ (13,966) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Southland Shopping Center, Middleburg Heights, OH | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (34,996) | |||
Initial Cost to Company, Land | 5,940 | |||
Initial Cost to Company, Building & Improvements | 54,258 | |||
Initial Cost to Company, Subsequent to Acquisition | 7,598 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 5,940 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 61,856 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 67,796 | |||
Accumulated Depreciation | $ (18,190) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Tops Plaza, North Olmsted, OH | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 510 | |||
Initial Cost to Company, Building & Improvements | 3,987 | |||
Initial Cost to Company, Subsequent to Acquisition | 16 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 510 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 4,003 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 4,513 | |||
Accumulated Depreciation | $ (1,193) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Surrey Square Mall, Norwood, OH | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (5,062) | |||
Initial Cost to Company, Land | 3,900 | |||
Initial Cost to Company, Building & Improvements | 17,865 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,784 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,900 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 19,649 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 23,549 | |||
Accumulated Depreciation | $ (5,893) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Market Place, Piqua, OH | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 390 | |||
Initial Cost to Company, Building & Improvements | 3,993 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,257 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 390 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 5,250 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 5,640 | |||
Accumulated Depreciation | $ (2,096) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Brice Park, Reynoldsburg, OH | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,820 | |||
Initial Cost to Company, Building & Improvements | 12,075 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,227 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,820 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 13,302 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 16,122 | |||
Accumulated Depreciation | $ (3,711) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Streetsboro Crossing, Streetsboro, OH | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 640 | |||
Initial Cost to Company, Building & Improvements | 5,716 | |||
Initial Cost to Company, Subsequent to Acquisition | 728 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 640 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 6,444 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 7,084 | |||
Accumulated Depreciation | $ (2,129) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Miracle Mile Shopping Plaza, Toledo, OH | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (4,291) | |||
Initial Cost to Company, Land | 1,510 | |||
Initial Cost to Company, Building & Improvements | 15,374 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,153 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,510 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 17,527 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 19,037 | |||
Accumulated Depreciation | $ (5,791) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Southland Shopping Plaza, Toledo, OH | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,440 | |||
Initial Cost to Company, Building & Improvements | 10,390 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,972 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,440 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 12,362 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 14,802 | |||
Accumulated Depreciation | $ (3,909) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Wadsworth Crossing, Wadsworth, OH | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 7,004 | |||
Initial Cost to Company, Building & Improvements | 13,375 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,085 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 7,004 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 15,460 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 22,464 | |||
Accumulated Depreciation | $ (3,656) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Northgate Plaza, Westerville, OH | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 300 | |||
Initial Cost to Company, Building & Improvements | 1,204 | |||
Initial Cost to Company, Subsequent to Acquisition | 340 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 300 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 1,544 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 1,844 | |||
Accumulated Depreciation | $ (519) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Marketplace, Tulsa, OK | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 5,040 | |||
Initial Cost to Company, Building & Improvements | 12,401 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,869 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 5,040 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 15,270 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 20,310 | |||
Accumulated Depreciation | $ (5,035) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Village West, Allentown, PA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 4,180 | |||
Initial Cost to Company, Building & Improvements | 23,200 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,480 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 4,180 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 24,680 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 28,860 | |||
Accumulated Depreciation | $ (6,402) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Park Hills Plaza, Altoona, PA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 4,390 | |||
Initial Cost to Company, Building & Improvements | 22,521 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,994 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 4,390 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 24,515 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 28,905 | |||
Accumulated Depreciation | $ (7,348) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Bensalem Square, Bensalem, PA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,800 | |||
Initial Cost to Company, Building & Improvements | 5,826 | |||
Initial Cost to Company, Subsequent to Acquisition | 149 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,800 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 5,975 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 7,775 | |||
Accumulated Depreciation | $ (1,797) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Bethel Park, Bethel Park, PA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (9,358) | |||
Initial Cost to Company, Land | 3,060 | |||
Initial Cost to Company, Building & Improvements | 18,299 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,865 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,060 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 20,164 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 23,224 | |||
Accumulated Depreciation | $ (6,999) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Bethlehem Square, Bethlehem, PA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 8,830 | |||
Initial Cost to Company, Building & Improvements | 36,724 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,746 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 8,830 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 38,470 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 47,300 | |||
Accumulated Depreciation | $ (11,138) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Lehigh Shopping Center, Bethlehem, PA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 6,980 | |||
Initial Cost to Company, Building & Improvements | 32,744 | |||
Initial Cost to Company, Subsequent to Acquisition | 3,344 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 6,980 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 36,088 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 43,068 | |||
Accumulated Depreciation | $ (12,601) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Bristol Park, Bristol, PA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,180 | |||
Initial Cost to Company, Building & Improvements | 20,972 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,463 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,180 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 22,435 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 25,615 | |||
Accumulated Depreciation | $ (7,300) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Chalfont Village Shopping Center, Chalfont, PA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,040 | |||
Initial Cost to Company, Building & Improvements | 3,714 | |||
Initial Cost to Company, Subsequent to Acquisition | (82) | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,040 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 3,632 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 4,672 | |||
Accumulated Depreciation | $ (914) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
New Britain Village Square, Chalfont, PA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 4,250 | |||
Initial Cost to Company, Building & Improvements | 24,130 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,619 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 4,250 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 25,749 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 29,999 | |||
Accumulated Depreciation | $ (5,974) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Collegeville Shopping Center, Collegeville, PA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,410 | |||
Initial Cost to Company, Building & Improvements | 6,564 | |||
Initial Cost to Company, Subsequent to Acquisition | 3,798 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,410 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 10,362 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 13,772 | |||
Accumulated Depreciation | $ (2,168) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Whitemarsh Shopping Center, Conshohocken, PA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,410 | |||
Initial Cost to Company, Building & Improvements | 11,607 | |||
Initial Cost to Company, Subsequent to Acquisition | 537 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,410 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 12,144 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 15,554 | |||
Accumulated Depreciation | $ (3,053) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Valley Fair, Devon, PA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,810 | |||
Initial Cost to Company, Building & Improvements | 8,128 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,468 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,810 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 9,596 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 11,406 | |||
Accumulated Depreciation | $ (3,984) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Dickson City Crossings, Dickson City, PA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,780 | |||
Initial Cost to Company, Building & Improvements | 30,213 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,670 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 4,800 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 30,863 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 35,663 | |||
Accumulated Depreciation | $ (9,650) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Dillsburg Shopping Center, Dillsburg, PA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,670 | |||
Initial Cost to Company, Building & Improvements | 15,799 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,433 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,670 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 17,232 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 18,902 | |||
Accumulated Depreciation | $ (4,935) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Barn Plaza, Doylestown, PA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 8,780 | |||
Initial Cost to Company, Building & Improvements | 28,452 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,078 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 8,780 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 30,530 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 39,310 | |||
Accumulated Depreciation | $ (9,281) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Pilgrim Gardens, Drexel Hill, PA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,090 | |||
Initial Cost to Company, Building & Improvements | 4,890 | |||
Initial Cost to Company, Subsequent to Acquisition | 4,526 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,090 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 9,416 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 11,506 | |||
Accumulated Depreciation | $ (2,541) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Mount Carmel Plaza, Glenside, PA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 380 | |||
Initial Cost to Company, Building & Improvements | 839 | |||
Initial Cost to Company, Subsequent to Acquisition | 69 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 380 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 908 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 1,288 | |||
Accumulated Depreciation | $ (228) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Kline Plaza, Harrisburg, PA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,300 | |||
Initial Cost to Company, Building & Improvements | 12,834 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,534 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,300 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 14,368 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 16,668 | |||
Accumulated Depreciation | $ (6,697) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
New Garden Shopping Center, Kennett Square, PA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (2,019) | |||
Initial Cost to Company, Land | 2,240 | |||
Initial Cost to Company, Building & Improvements | 6,752 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,684 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,240 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 8,436 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 10,676 | |||
Accumulated Depreciation | $ (2,567) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Stone Mill Plaza, Lancaster, PA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,490 | |||
Initial Cost to Company, Building & Improvements | 12,445 | |||
Initial Cost to Company, Subsequent to Acquisition | 477 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,490 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 12,922 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 15,412 | |||
Accumulated Depreciation | $ (4,060) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Woodbourne Square, Langhorne, PA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,640 | |||
Initial Cost to Company, Building & Improvements | 4,081 | |||
Initial Cost to Company, Subsequent to Acquisition | 454 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,640 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 4,535 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 6,175 | |||
Accumulated Depreciation | $ (1,087) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
North Penn Market Place, Lansdale, PA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,060 | |||
Initial Cost to Company, Building & Improvements | 5,008 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,191 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,060 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 6,199 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 9,259 | |||
Accumulated Depreciation | $ (1,453) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
New Holland Shopping Center, New Holland, PA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 890 | |||
Initial Cost to Company, Building & Improvements | 3,340 | |||
Initial Cost to Company, Subsequent to Acquisition | 545 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 890 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 3,885 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 4,775 | |||
Accumulated Depreciation | $ (1,426) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Village at Newtown, Newtown, PA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 7,690 | |||
Initial Cost to Company, Building & Improvements | 36,534 | |||
Initial Cost to Company, Subsequent to Acquisition | 7,289 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 7,690 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 43,823 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 51,513 | |||
Accumulated Depreciation | $ (8,529) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Cherry Square, Northampton, PA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 950 | |||
Initial Cost to Company, Building & Improvements | 6,804 | |||
Initial Cost to Company, Subsequent to Acquisition | 131 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 950 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 6,935 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 7,885 | |||
Accumulated Depreciation | $ (2,655) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Ivyridge, Philadelphia, PA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (13,054) | |||
Initial Cost to Company, Land | 7,100 | |||
Initial Cost to Company, Building & Improvements | 18,292 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,749 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 7,100 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 20,041 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 27,141 | |||
Accumulated Depreciation | $ (3,925) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Roosevelt Mall, Philadelphia, PA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (46,536) | |||
Initial Cost to Company, Land | 8,820 | |||
Initial Cost to Company, Building & Improvements | 87,603 | |||
Initial Cost to Company, Subsequent to Acquisition | 5,658 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 8,820 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 93,261 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 102,081 | |||
Accumulated Depreciation | $ (23,831) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Shoppes at Valley Forge, Phoenixville, PA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,010 | |||
Initial Cost to Company, Building & Improvements | 12,590 | |||
Initial Cost to Company, Subsequent to Acquisition | 595 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,010 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 13,185 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 15,195 | |||
Accumulated Depreciation | $ (4,798) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
County Line Plaza, Souderton, PA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 910 | |||
Initial Cost to Company, Building & Improvements | 7,608 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,077 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 910 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 9,685 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 10,595 | |||
Accumulated Depreciation | $ (3,628) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
69th Street Plaza, Upper Darby, PA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 640 | |||
Initial Cost to Company, Building & Improvements | 4,362 | |||
Initial Cost to Company, Subsequent to Acquisition | 81 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 640 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 4,443 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 5,083 | |||
Accumulated Depreciation | $ (1,441) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Warminster Town Center, Warminster, PA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 4,310 | |||
Initial Cost to Company, Building & Improvements | 35,284 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,503 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 4,310 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 36,787 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 41,097 | |||
Accumulated Depreciation | $ (9,255) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Shops at Prospect, West Hempfield, PA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 760 | |||
Initial Cost to Company, Building & Improvements | 6,454 | |||
Initial Cost to Company, Subsequent to Acquisition | 487 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 760 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 6,941 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 7,701 | |||
Accumulated Depreciation | $ (2,058) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Whitehall Square, Whitehall, PA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 4,350 | |||
Initial Cost to Company, Building & Improvements | 31,016 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,606 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 4,350 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 32,622 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 36,972 | |||
Accumulated Depreciation | $ (8,503) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Wilkes-Barre Township Marketplace, Wilkes-Barre, PA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,180 | |||
Initial Cost to Company, Building & Improvements | 16,636 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,066 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,180 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 18,702 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 20,882 | |||
Accumulated Depreciation | $ (5,992) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Belfair Towne Village, Bluffton, SC | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 4,265 | |||
Initial Cost to Company, Building & Improvements | 31,129 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,073 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 4,265 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 32,202 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 36,467 | |||
Accumulated Depreciation | $ (5,563) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Milestone Plaza, Greenville, SC | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,563 | |||
Initial Cost to Company, Building & Improvements | 15,506 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,309 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,563 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 17,815 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 20,378 | |||
Accumulated Depreciation | $ (2,670) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Circle Center, Hilton Head, SC | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,010 | |||
Initial Cost to Company, Building & Improvements | 5,773 | |||
Initial Cost to Company, Subsequent to Acquisition | 428 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,010 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 6,201 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 9,211 | |||
Accumulated Depreciation | $ (2,034) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Island Plaza, James Island, SC | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,940 | |||
Initial Cost to Company, Building & Improvements | 8,805 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,790 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,940 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 10,595 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 13,535 | |||
Accumulated Depreciation | $ (4,080) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Festival Centre, North Charleston, SC | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,630 | |||
Initial Cost to Company, Building & Improvements | 8,449 | |||
Initial Cost to Company, Subsequent to Acquisition | 5,879 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,630 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 14,328 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 17,958 | |||
Accumulated Depreciation | $ (4,341) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Fairview Corners I & II, Simpsonville, SC | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,370 | |||
Initial Cost to Company, Building & Improvements | 16,672 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,981 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,370 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 18,653 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 21,023 | |||
Accumulated Depreciation | $ (4,941) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Hillcrest, Spartanburg, SC | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 4,190 | |||
Initial Cost to Company, Building & Improvements | 34,172 | |||
Initial Cost to Company, Subsequent to Acquisition | 5,250 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 4,190 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 39,422 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 43,612 | |||
Accumulated Depreciation | $ (11,423) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Shoppes at Hickory Hollow, Antioch, TN | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,650 | |||
Initial Cost to Company, Building & Improvements | 10,206 | |||
Initial Cost to Company, Subsequent to Acquisition | 603 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,650 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 10,809 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 14,459 | |||
Accumulated Depreciation | $ (3,664) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
East Ridge Crossing, Chattanooga, TN | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (3,305) | |||
Initial Cost to Company, Land | 1,230 | |||
Initial Cost to Company, Building & Improvements | 4,007 | |||
Initial Cost to Company, Subsequent to Acquisition | 179 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,230 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 4,186 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 5,416 | |||
Accumulated Depreciation | $ (1,533) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Watson Glen Shopping Center, Franklin, TN | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 5,220 | |||
Initial Cost to Company, Building & Improvements | 13,451 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,382 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 5,220 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 15,833 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 21,053 | |||
Accumulated Depreciation | $ (5,147) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Williamson Square, Franklin, TN | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 7,730 | |||
Initial Cost to Company, Building & Improvements | 22,403 | |||
Initial Cost to Company, Subsequent to Acquisition | 6,606 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 7,730 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 29,009 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 36,739 | |||
Accumulated Depreciation | $ (10,704) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Greensboro Village, Gallatin, TN | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,503 | |||
Initial Cost to Company, Building & Improvements | 13,369 | |||
Initial Cost to Company, Subsequent to Acquisition | 280 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,503 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 13,649 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 15,152 | |||
Accumulated Depreciation | $ (2,518) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Greeneville Commons, Greeneville, TN | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,880 | |||
Initial Cost to Company, Building & Improvements | 13,074 | |||
Initial Cost to Company, Subsequent to Acquisition | 548 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,880 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 13,622 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 16,502 | |||
Accumulated Depreciation | $ (5,606) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Oakwood Commons, Hermitage, TN | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 6,840 | |||
Initial Cost to Company, Building & Improvements | 17,835 | |||
Initial Cost to Company, Subsequent to Acquisition | 3,369 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 6,840 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 21,204 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 28,044 | |||
Accumulated Depreciation | $ (7,243) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Kimball Crossing, Kimball, TN | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,860 | |||
Initial Cost to Company, Building & Improvements | 18,473 | |||
Initial Cost to Company, Subsequent to Acquisition | 993 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,860 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 19,466 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 21,326 | |||
Accumulated Depreciation | $ (9,466) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Kingston Overlook, Knoxville, TN | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (5,574) | |||
Initial Cost to Company, Land | 2,060 | |||
Initial Cost to Company, Building & Improvements | 5,499 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,743 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,060 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 7,242 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 9,302 | |||
Accumulated Depreciation | $ (2,087) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Farrar Place, Manchester, TN | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (1,083) | |||
Initial Cost to Company, Land | 470 | |||
Initial Cost to Company, Building & Improvements | 2,760 | |||
Initial Cost to Company, Subsequent to Acquisition | 432 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 470 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 3,192 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 3,662 | |||
Accumulated Depreciation | $ (1,287) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
The Commons at Wolfcreek, Memphis, TN | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 22,530 | |||
Initial Cost to Company, Building & Improvements | 50,197 | |||
Initial Cost to Company, Subsequent to Acquisition | 20,404 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 23,239 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 69,892 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 93,131 | |||
Accumulated Depreciation | $ (16,222) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Georgetown Square, Murfreesboro, TN | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (5,709) | |||
Initial Cost to Company, Land | 3,250 | |||
Initial Cost to Company, Building & Improvements | 7,405 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,011 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,716 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 8,950 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 12,666 | |||
Accumulated Depreciation | $ (2,595) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Nashboro Village, Nashville, TN | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,243 | |||
Initial Cost to Company, Building & Improvements | 11,564 | |||
Initial Cost to Company, Subsequent to Acquisition | 205 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,243 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 11,769 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 14,012 | |||
Accumulated Depreciation | $ (2,497) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Commerce Central, Tullahoma, TN | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (6,558) | |||
Initial Cost to Company, Land | 1,240 | |||
Initial Cost to Company, Building & Improvements | 12,143 | |||
Initial Cost to Company, Subsequent to Acquisition | 365 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,240 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 12,508 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 13,748 | |||
Accumulated Depreciation | $ (5,004) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Merchant's Central, Winchester, TN | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,480 | |||
Initial Cost to Company, Building & Improvements | 11,904 | |||
Initial Cost to Company, Subsequent to Acquisition | 425 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,480 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 12,329 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 13,809 | |||
Accumulated Depreciation | $ (4,216) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Palm Plaza, Aransas, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (1,214) | |||
Initial Cost to Company, Land | 680 | |||
Initial Cost to Company, Building & Improvements | 2,218 | |||
Initial Cost to Company, Subsequent to Acquisition | 552 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 680 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 2,770 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 3,450 | |||
Accumulated Depreciation | $ (927) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Bardin Place Center, Arlington, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 10,690 | |||
Initial Cost to Company, Building & Improvements | 30,907 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,040 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 10,690 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 32,947 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 43,637 | |||
Accumulated Depreciation | $ (7,861) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Parmer Crossing, Austin, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (4,898) | |||
Initial Cost to Company, Land | 3,730 | |||
Initial Cost to Company, Building & Improvements | 10,065 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,425 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,730 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 11,490 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 15,220 | |||
Accumulated Depreciation | $ (3,316) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Baytown Shopping Center, Baytown, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (3,643) | |||
Initial Cost to Company, Land | 3,410 | |||
Initial Cost to Company, Building & Improvements | 6,465 | |||
Initial Cost to Company, Subsequent to Acquisition | 592 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,410 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 7,057 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 10,467 | |||
Accumulated Depreciation | $ (2,812) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Cedar Bellaire, Bellaire, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (2,107) | |||
Initial Cost to Company, Land | 2,760 | |||
Initial Cost to Company, Building & Improvements | 4,179 | |||
Initial Cost to Company, Subsequent to Acquisition | 84 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,760 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 4,263 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 7,023 | |||
Accumulated Depreciation | $ (1,036) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
El Camino, Bellaire, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (1,579) | |||
Initial Cost to Company, Land | 1,320 | |||
Initial Cost to Company, Building & Improvements | 3,632 | |||
Initial Cost to Company, Subsequent to Acquisition | 274 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,320 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 3,906 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 5,226 | |||
Accumulated Depreciation | $ (1,521) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Bryan Square, Bryan, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (1,229) | |||
Initial Cost to Company, Land | 820 | |||
Initial Cost to Company, Building & Improvements | 2,358 | |||
Initial Cost to Company, Subsequent to Acquisition | 110 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 820 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 2,468 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 3,288 | |||
Accumulated Depreciation | $ (1,006) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Townshire, Bryan, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,790 | |||
Initial Cost to Company, Building & Improvements | 6,356 | |||
Initial Cost to Company, Subsequent to Acquisition | 661 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,790 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 7,017 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 8,807 | |||
Accumulated Depreciation | $ (2,650) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Plantation Plaza, Clute, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,090 | |||
Initial Cost to Company, Building & Improvements | 7,207 | |||
Initial Cost to Company, Subsequent to Acquisition | 115 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,090 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 7,322 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 8,412 | |||
Accumulated Depreciation | $ (3,208) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Central Station, College Station, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (11,121) | |||
Initial Cost to Company, Land | 4,340 | |||
Initial Cost to Company, Building & Improvements | 21,179 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,325 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 4,340 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 23,504 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 27,844 | |||
Accumulated Depreciation | $ (6,075) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Rock Prairie Crossing, College Station, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,401 | |||
Initial Cost to Company, Building & Improvements | 13,436 | |||
Initial Cost to Company, Subsequent to Acquisition | 95 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,401 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 13,531 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 15,932 | |||
Accumulated Depreciation | $ (4,736) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Carmel Village, Corpus Christi, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (1,990) | |||
Initial Cost to Company, Land | 1,900 | |||
Initial Cost to Company, Building & Improvements | 4,198 | |||
Initial Cost to Company, Subsequent to Acquisition | 701 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,900 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 4,899 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 6,799 | |||
Accumulated Depreciation | $ (1,369) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Five Points, Corpus Christi, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,760 | |||
Initial Cost to Company, Building & Improvements | 16,464 | |||
Initial Cost to Company, Subsequent to Acquisition | 12,066 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,760 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 28,530 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 31,290 | |||
Accumulated Depreciation | $ (7,164) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Claremont Village, Dallas, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (1,619) | |||
Initial Cost to Company, Land | 1,700 | |||
Initial Cost to Company, Building & Improvements | 2,953 | |||
Initial Cost to Company, Subsequent to Acquisition | 154 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,700 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 3,107 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 4,807 | |||
Accumulated Depreciation | $ (1,864) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Jeff Davis, Dallas, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (2,065) | |||
Initial Cost to Company, Land | 1,390 | |||
Initial Cost to Company, Building & Improvements | 2,937 | |||
Initial Cost to Company, Subsequent to Acquisition | 259 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,390 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 3,196 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 4,586 | |||
Accumulated Depreciation | $ (1,025) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Stevens Park Village, Dallas, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (1,756) | |||
Initial Cost to Company, Land | 1,270 | |||
Initial Cost to Company, Building & Improvements | 2,350 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,382 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,270 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 3,732 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 5,002 | |||
Accumulated Depreciation | $ (1,309) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Webb Royal, Dallas, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (3,198) | |||
Initial Cost to Company, Land | 2,470 | |||
Initial Cost to Company, Building & Improvements | 4,666 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,810 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,470 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 6,476 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 8,946 | |||
Accumulated Depreciation | $ (2,026) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Outparcel adjacent to Wynnewood Village | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (11,910) | |||
Initial Cost to Company, Land | 16,427 | |||
Initial Cost to Company, Building & Improvements | 40,688 | |||
Initial Cost to Company, Subsequent to Acquisition | 4,216 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 16,427 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 44,904 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 61,331 | |||
Accumulated Depreciation | $ (12,602) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Parktown, Deer Park, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (3,512) | |||
Initial Cost to Company, Land | 2,790 | |||
Initial Cost to Company, Building & Improvements | 6,930 | |||
Initial Cost to Company, Subsequent to Acquisition | 862 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,790 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 7,792 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 10,582 | |||
Accumulated Depreciation | $ (3,614) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Kenworthy Crossing, El Paso, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,370 | |||
Initial Cost to Company, Building & Improvements | 5,396 | |||
Initial Cost to Company, Subsequent to Acquisition | 369 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,370 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 5,765 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 8,135 | |||
Accumulated Depreciation | $ (1,726) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Preston Ridge, Frisco, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 25,820 | |||
Initial Cost to Company, Building & Improvements | 122,667 | |||
Initial Cost to Company, Subsequent to Acquisition | 13,436 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 25,820 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 136,103 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 161,923 | |||
Accumulated Depreciation | $ (32,844) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Forest Hills, Ft. Worth, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (1,457) | |||
Initial Cost to Company, Land | 1,220 | |||
Initial Cost to Company, Building & Improvements | 2,779 | |||
Initial Cost to Company, Subsequent to Acquisition | 139 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,220 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 2,918 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 4,138 | |||
Accumulated Depreciation | $ (1,233) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Ridglea Plaza, Ft. Worth, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (6,275) | |||
Initial Cost to Company, Land | 2,770 | |||
Initial Cost to Company, Building & Improvements | 16,033 | |||
Initial Cost to Company, Subsequent to Acquisition | 342 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,770 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 16,375 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 19,145 | |||
Accumulated Depreciation | $ (5,524) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Trinity Commons, Ft. Worth, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 5,780 | |||
Initial Cost to Company, Building & Improvements | 26,015 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,103 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 5,780 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 28,118 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 33,898 | |||
Accumulated Depreciation | $ (9,349) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Village Plaza, Garland, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (3,239) | |||
Initial Cost to Company, Land | 3,230 | |||
Initial Cost to Company, Building & Improvements | 6,529 | |||
Initial Cost to Company, Subsequent to Acquisition | 984 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,230 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 7,513 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 10,743 | |||
Accumulated Depreciation | $ (2,298) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
North Hills Village, Haltom City, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (453) | |||
Initial Cost to Company, Land | 940 | |||
Initial Cost to Company, Building & Improvements | 2,378 | |||
Initial Cost to Company, Subsequent to Acquisition | 114 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 940 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 2,492 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 3,432 | |||
Accumulated Depreciation | $ (955) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Highland Village Town Center, Highland Village, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (3,562) | |||
Initial Cost to Company, Land | 3,370 | |||
Initial Cost to Company, Building & Improvements | 5,269 | |||
Initial Cost to Company, Subsequent to Acquisition | 482 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,370 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 5,751 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 9,121 | |||
Accumulated Depreciation | $ (1,235) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Bay Forest, Houston, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (2,868) | |||
Initial Cost to Company, Land | 1,500 | |||
Initial Cost to Company, Building & Improvements | 6,541 | |||
Initial Cost to Company, Subsequent to Acquisition | 87 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,500 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 6,628 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 8,128 | |||
Accumulated Depreciation | $ (2,246) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Beltway South, Houston, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,340 | |||
Initial Cost to Company, Building & Improvements | 9,666 | |||
Initial Cost to Company, Subsequent to Acquisition | 473 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,340 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 10,139 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 13,479 | |||
Accumulated Depreciation | $ (3,164) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Braes Heights, Houston, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (4,916) | |||
Initial Cost to Company, Land | 1,700 | |||
Initial Cost to Company, Building & Improvements | 14,971 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,505 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,700 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 16,476 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 18,176 | |||
Accumulated Depreciation | $ (3,805) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Braes Link, Houston, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 850 | |||
Initial Cost to Company, Building & Improvements | 6,479 | |||
Initial Cost to Company, Subsequent to Acquisition | 175 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 850 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 6,654 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 7,504 | |||
Accumulated Depreciation | $ (1,381) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Braes Oaks, Houston, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (1,317) | |||
Initial Cost to Company, Land | 1,310 | |||
Initial Cost to Company, Building & Improvements | 3,743 | |||
Initial Cost to Company, Subsequent to Acquisition | 594 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,310 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 4,337 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 5,647 | |||
Accumulated Depreciation | $ (1,030) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Braesgate, Houston, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,570 | |||
Initial Cost to Company, Building & Improvements | 2,723 | |||
Initial Cost to Company, Subsequent to Acquisition | 118 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,570 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 2,841 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 4,411 | |||
Accumulated Depreciation | $ (1,501) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Broadway, Houston, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (2,429) | |||
Initial Cost to Company, Land | 1,720 | |||
Initial Cost to Company, Building & Improvements | 5,362 | |||
Initial Cost to Company, Subsequent to Acquisition | 997 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,720 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 6,359 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 8,079 | |||
Accumulated Depreciation | $ (1,954) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Clear Lake Camino South, Houston, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (4,939) | |||
Initial Cost to Company, Land | 3,320 | |||
Initial Cost to Company, Building & Improvements | 11,916 | |||
Initial Cost to Company, Subsequent to Acquisition | 872 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,320 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 12,788 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 16,108 | |||
Accumulated Depreciation | $ (3,466) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Hearthstone Corners, Houston, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 5,240 | |||
Initial Cost to Company, Building & Improvements | 13,586 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,023 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 5,240 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 14,609 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 19,849 | |||
Accumulated Depreciation | $ (5,556) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Jester Village, Houston, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,380 | |||
Initial Cost to Company, Building & Improvements | 4,411 | |||
Initial Cost to Company, Subsequent to Acquisition | 326 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,380 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 4,737 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 6,117 | |||
Accumulated Depreciation | $ (1,114) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Jones Plaza, Houston, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,110 | |||
Initial Cost to Company, Building & Improvements | 9,561 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,919 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,110 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 11,480 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 13,590 | |||
Accumulated Depreciation | $ (1,906) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Jones Square, Houston, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,210 | |||
Initial Cost to Company, Building & Improvements | 10,614 | |||
Initial Cost to Company, Subsequent to Acquisition | 237 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,210 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 10,851 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 14,061 | |||
Accumulated Depreciation | $ (3,557) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Maplewood Mall, Houston, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (2,634) | |||
Initial Cost to Company, Land | 1,790 | |||
Initial Cost to Company, Building & Improvements | 5,438 | |||
Initial Cost to Company, Subsequent to Acquisition | 314 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,790 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 5,752 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 7,542 | |||
Accumulated Depreciation | $ (2,096) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Merchants Park, Houston, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (12,349) | |||
Initial Cost to Company, Land | 6,580 | |||
Initial Cost to Company, Building & Improvements | 31,453 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,890 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 6,580 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 34,343 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 40,923 | |||
Accumulated Depreciation | $ (9,812) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Northgate, Houston, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (936) | |||
Initial Cost to Company, Land | 740 | |||
Initial Cost to Company, Building & Improvements | 1,320 | |||
Initial Cost to Company, Subsequent to Acquisition | 223 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 740 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 1,543 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 2,283 | |||
Accumulated Depreciation | $ (615) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Northshore, Houston, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (9,969) | |||
Initial Cost to Company, Land | 5,970 | |||
Initial Cost to Company, Building & Improvements | 21,998 | |||
Initial Cost to Company, Subsequent to Acquisition | 3,005 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 5,970 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 25,003 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 30,973 | |||
Accumulated Depreciation | $ (6,793) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Northtown Plaza, Houston, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (7,489) | |||
Initial Cost to Company, Land | 4,990 | |||
Initial Cost to Company, Building & Improvements | 17,014 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,977 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 4,990 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 18,991 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 23,981 | |||
Accumulated Depreciation | $ (4,486) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Northwood, Houston, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,730 | |||
Initial Cost to Company, Building & Improvements | 10,023 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,107 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,730 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 11,130 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 13,860 | |||
Accumulated Depreciation | $ (3,817) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Orange Grove, Houston, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,670 | |||
Initial Cost to Company, Building & Improvements | 15,444 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,487 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,670 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 16,931 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 20,601 | |||
Accumulated Depreciation | $ (5,913) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Pinemont Shopping Center, Houston, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,673 | |||
Initial Cost to Company, Building & Improvements | 4,563 | |||
Initial Cost to Company, Subsequent to Acquisition | 3 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,673 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 4,566 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 6,239 | |||
Accumulated Depreciation | $ (2,227) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Royal Oaks Village, Houston, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 4,620 | |||
Initial Cost to Company, Building & Improvements | 29,379 | |||
Initial Cost to Company, Subsequent to Acquisition | 752 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 4,620 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 30,131 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 34,751 | |||
Accumulated Depreciation | $ (7,617) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Tanglewilde, Houston, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (2,915) | |||
Initial Cost to Company, Land | 1,620 | |||
Initial Cost to Company, Building & Improvements | 7,088 | |||
Initial Cost to Company, Subsequent to Acquisition | 378 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,620 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 7,466 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 9,086 | |||
Accumulated Depreciation | $ (2,353) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Westheimer Commons, Houston, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 5,160 | |||
Initial Cost to Company, Building & Improvements | 11,529 | |||
Initial Cost to Company, Subsequent to Acquisition | 4,287 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 5,160 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 15,816 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 20,976 | |||
Accumulated Depreciation | $ (5,141) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Fry Road Crossing | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 6,030 | |||
Initial Cost to Company, Building & Improvements | 19,659 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,121 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 6,030 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 20,780 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 26,810 | |||
Accumulated Depreciation | $ (6,887) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Washington Square, Kaufman, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (891) | |||
Initial Cost to Company, Land | 880 | |||
Initial Cost to Company, Building & Improvements | 1,930 | |||
Initial Cost to Company, Subsequent to Acquisition | 791 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 880 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 2,721 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 3,601 | |||
Accumulated Depreciation | $ (842) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Jefferson Park, Mount Pleasant, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (2,226) | |||
Initial Cost to Company, Land | 870 | |||
Initial Cost to Company, Building & Improvements | 4,919 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,516 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 870 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 6,435 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 7,305 | |||
Accumulated Depreciation | $ (2,184) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Winwood Town Center, Odessa, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,850 | |||
Initial Cost to Company, Building & Improvements | 27,507 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,533 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,850 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 30,040 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 32,890 | |||
Accumulated Depreciation | $ (9,367) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Crossroads Center | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (7,786) | |||
Initial Cost to Company, Land | 4,660 | |||
Initial Cost to Company, Building & Improvements | 10,870 | |||
Initial Cost to Company, Subsequent to Acquisition | 521 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 4,660 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 11,391 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 16,051 | |||
Accumulated Depreciation | $ (4,081) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Spencer Square, Pasadena, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (11,330) | |||
Initial Cost to Company, Land | 5,360 | |||
Initial Cost to Company, Building & Improvements | 19,356 | |||
Initial Cost to Company, Subsequent to Acquisition | 991 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 5,360 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 20,347 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 25,707 | |||
Accumulated Depreciation | $ (6,411) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Pearland Plaza, Pearland, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,020 | |||
Initial Cost to Company, Building & Improvements | 8,431 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,356 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,020 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 9,787 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 12,807 | |||
Accumulated Depreciation | $ (3,010) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Market Plaza, Plano, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (7,257) | |||
Initial Cost to Company, Land | 6,380 | |||
Initial Cost to Company, Building & Improvements | 19,762 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,085 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 6,380 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 20,847 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 27,227 | |||
Accumulated Depreciation | $ (6,409) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Building adjacent to Preston Park | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 8,506 | |||
Initial Cost to Company, Building & Improvements | 79,829 | |||
Initial Cost to Company, Subsequent to Acquisition | 3,144 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 8,506 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 82,973 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 91,479 | |||
Accumulated Depreciation | $ (13,404) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Northshore Plaza, Portland, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,510 | |||
Initial Cost to Company, Building & Improvements | 7,979 | |||
Initial Cost to Company, Subsequent to Acquisition | 884 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,510 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 8,863 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 12,373 | |||
Accumulated Depreciation | $ (3,981) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Klein Square, Spring, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (3,219) | |||
Initial Cost to Company, Land | 1,220 | |||
Initial Cost to Company, Building & Improvements | 6,715 | |||
Initial Cost to Company, Subsequent to Acquisition | 835 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,220 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 7,550 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 8,770 | |||
Accumulated Depreciation | $ (1,921) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Keegan's Meadow, Stafford, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,300 | |||
Initial Cost to Company, Building & Improvements | 9,671 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,279 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,300 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 10,950 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 14,250 | |||
Accumulated Depreciation | $ (3,200) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Texas City Bay, Texas City, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (5,999) | |||
Initial Cost to Company, Land | 3,780 | |||
Initial Cost to Company, Building & Improvements | 15,360 | |||
Initial Cost to Company, Subsequent to Acquisition | 760 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,780 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 16,120 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 19,900 | |||
Accumulated Depreciation | $ (4,329) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Windvale, The Woodlands, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (4,295) | |||
Initial Cost to Company, Land | 3,460 | |||
Initial Cost to Company, Building & Improvements | 9,282 | |||
Initial Cost to Company, Subsequent to Acquisition | 574 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,460 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 9,856 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 13,316 | |||
Accumulated Depreciation | $ (2,689) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
The Centre at Navarro, Victoria, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (3,356) | |||
Initial Cost to Company, Land | 1,490 | |||
Initial Cost to Company, Building & Improvements | 6,389 | |||
Initial Cost to Company, Subsequent to Acquisition | 335 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,490 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 6,724 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 8,214 | |||
Accumulated Depreciation | $ (1,110) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Spradlin Farm, Christiansburg, VA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,860 | |||
Initial Cost to Company, Building & Improvements | 22,355 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,969 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,860 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 24,324 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 28,184 | |||
Accumulated Depreciation | $ (6,676) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Culpeper Town Square, Culpeper, VA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,200 | |||
Initial Cost to Company, Building & Improvements | 9,061 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,147 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,200 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 10,208 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 13,408 | |||
Accumulated Depreciation | $ (4,148) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Hanover Square, Mechanicsville, VA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,540 | |||
Initial Cost to Company, Building & Improvements | 14,621 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,882 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,540 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 16,503 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 20,043 | |||
Accumulated Depreciation | $ (3,633) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Tuckermuck Square, Richmond, VA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,400 | |||
Initial Cost to Company, Building & Improvements | 9,294 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,426 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,400 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 10,720 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 13,120 | |||
Accumulated Depreciation | $ (2,417) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Cave Spring Corners, Roanoke, VA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,060 | |||
Initial Cost to Company, Building & Improvements | 11,178 | |||
Initial Cost to Company, Subsequent to Acquisition | 646 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,060 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 11,824 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 14,884 | |||
Accumulated Depreciation | $ (4,256) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Hunting Hills, Roanoke, VA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,150 | |||
Initial Cost to Company, Building & Improvements | 7,406 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,248 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,150 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 9,654 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 10,804 | |||
Accumulated Depreciation | $ (2,648) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Valley Commons, Salem, VA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (2,074) | |||
Initial Cost to Company, Land | 220 | |||
Initial Cost to Company, Building & Improvements | 1,041 | |||
Initial Cost to Company, Subsequent to Acquisition | 130 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 220 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 1,171 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 1,391 | |||
Accumulated Depreciation | $ (237) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Lake Drive Plaza, Vinton, VA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (7,437) | |||
Initial Cost to Company, Land | 2,330 | |||
Initial Cost to Company, Building & Improvements | 12,336 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,110 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,330 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 13,446 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 15,776 | |||
Accumulated Depreciation | $ (4,753) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Hilltop Plaza, Virginia Beach, VA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 5,154 | |||
Initial Cost to Company, Building & Improvements | 21,305 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,470 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 5,154 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 23,775 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 28,929 | |||
Accumulated Depreciation | $ (6,535) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Ridgeview Centre, Wise, VA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (3,906) | |||
Initial Cost to Company, Land | 2,080 | |||
Initial Cost to Company, Building & Improvements | 8,044 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,225 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,080 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 10,269 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 12,349 | |||
Accumulated Depreciation | $ (2,751) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Rutland Plaza, Rutland, VT | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,130 | |||
Initial Cost to Company, Building & Improvements | 20,904 | |||
Initial Cost to Company, Subsequent to Acquisition | 454 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,130 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 21,358 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 23,488 | |||
Accumulated Depreciation | $ (6,054) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Spring Mall, Greenfield, WI | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,540 | |||
Initial Cost to Company, Building & Improvements | 15,864 | |||
Initial Cost to Company, Subsequent to Acquisition | 594 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,540 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 16,458 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 18,998 | |||
Accumulated Depreciation | $ (3,902) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Mequon Pavilions, Mequon, WI | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 7,520 | |||
Initial Cost to Company, Building & Improvements | 28,244 | |||
Initial Cost to Company, Subsequent to Acquisition | 5,206 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 7,520 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 33,450 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 40,970 | |||
Accumulated Depreciation | $ (8,241) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Moorland Square Shopping Ctr, New Berlin, WI | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,080 | |||
Initial Cost to Company, Building & Improvements | 9,050 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,015 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,080 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 10,065 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 12,145 | |||
Accumulated Depreciation | $ (3,240) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Paradise Pavilion, West Bend, WI | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,510 | |||
Initial Cost to Company, Building & Improvements | 15,536 | |||
Initial Cost to Company, Subsequent to Acquisition | 965 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,510 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 16,501 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 18,011 | |||
Accumulated Depreciation | $ (5,845) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Moundsville Plaza, Moundsville, WV | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,650 | |||
Initial Cost to Company, Building & Improvements | 10,103 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,221 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,650 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 11,324 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 12,974 | |||
Accumulated Depreciation | $ (4,238) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Grand Central Plaza, Parkersburg, WV | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 670 | |||
Initial Cost to Company, Building & Improvements | 5,704 | |||
Initial Cost to Company, Subsequent to Acquisition | 242 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 670 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 5,946 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 6,616 | |||
Accumulated Depreciation | $ (1,658) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Remaining Portfolio | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 5,385 | |||
Initial Cost to Company, Building & Improvements | 0 | |||
Initial Cost to Company, Subsequent to Acquisition | 24,228 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 5,805 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 23,808 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 29,613 | |||
Accumulated Depreciation | $ (364) |
Schedule III - Real Estate an74
Schedule III - Real Estate and Accumulated Depreciation (Real Estate Roll Forwards) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract] | |||
Total cost for federal tax purposes at end of each period | $ 11,900,000 | ||
Reconciliation of total real estate carrying value is as follows: | |||
Balance at beginning of period | 11,009,058 | $ 10,932,850 | $ 10,802,249 |
Acquisitions and improvements | 408,570 | 236,590 | 252,242 |
Real estate held for sale | (34,169) | 0 | 0 |
Impairment of real estate | (27,300) | (3,176) | 0 |
Cost of property sold or transferred to joint ventures | (358,972) | (88,585) | (51,264) |
Write-off of assets no longer in service | (75,696) | (68,621) | (70,377) |
Balance at end of period | 10,921,491 | 11,009,058 | 10,932,850 |
Reconciliation of accumulated depreciation as follows: | |||
Balance at beginning of period | 2,167,054 | 1,880,685 | 1,549,234 |
Depreciation expense | 342,035 | 361,723 | 396,380 |
Property sold or transferred to joint ventures | (87,169) | (19,733) | (7,034) |
Write-off of assets no longer in service | (60,850) | (55,621) | (57,895) |
Balance at end of period | $ 2,361,070 | $ 2,167,054 | $ 1,880,685 |