Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2018 | Feb. 01, 2019 | Jun. 30, 2018 | |
Entity Registrant Name | Brixmor Property Group Inc. | ||
Entity Central Index Key | 1,581,068 | ||
Document Type | 10-K | ||
Document Period End Date | Dec. 31, 2018 | ||
Amendment Flag | false | ||
Document Fiscal Year Focus | 2,018 | ||
Document Fiscal Period Focus | FY | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Filer Category | Large Accelerated Filer | ||
Entity Common Stock, Shares Outstanding | 298,637,033 | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Well-known Seasoned Issuer | Yes | ||
Entity Public Float | $ 5,256,180,743 | ||
Brixmor Operating Partnership LP | |||
Entity Registrant Name | Brixmor Operating Partnership LP | ||
Entity Central Index Key | 1,630,031 | ||
Document Period End Date | Dec. 31, 2018 | ||
Amendment Flag | false | ||
Document Fiscal Year Focus | 2,018 | ||
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, 2018 | Dec. 31, 2017 |
Real estate | ||
Land | $ 1,804,504 | $ 1,984,309 |
Buildings and improvements | 8,294,273 | 8,937,182 |
Real estate, gross | 10,098,777 | 10,921,491 |
Accumulated depreciation and amortization | (2,349,127) | (2,361,070) |
Real estate, net | 7,749,650 | 8,560,421 |
Cash and cash equivalents | 41,745 | 56,938 |
Restricted cash | 9,020 | 53,839 |
Marketable securities | 30,243 | 28,006 |
Receivables, net of allowance for doubtful accounts of $21,724 and $17,205 | 228,297 | 232,111 |
Deferred charges and prepaid expenses, net | 145,662 | 147,508 |
Real estate assets held for sale | 2,901 | 27,081 |
Other assets | 34,903 | 48,022 |
Total assets | 8,242,421 | 9,153,926 |
Liabilities | ||
Debt obligations, net | 4,885,863 | 5,676,238 |
Accounts payable, accrued expenses and other liabilities | 520,459 | 569,340 |
Total liabilities | 5,406,322 | 6,245,578 |
Commitments and contingencies (Note 14) | 0 | 0 |
Equity | ||
Common stock | 2,985 | 3,046 |
Additional paid-in capital | 3,233,329 | 3,330,466 |
Accumulated other comprehensive income | 15,973 | 24,211 |
Distributions in excess of net income | (416,188) | (449,375) |
Total equity | 2,836,099 | 2,908,348 |
Total liabilities and equity | 8,242,421 | 9,153,926 |
Brixmor Operating Partnership LP | ||
Real estate | ||
Land | 1,804,504 | 1,984,309 |
Buildings and improvements | 8,294,273 | 8,937,182 |
Real estate, gross | 10,098,777 | 10,921,491 |
Accumulated depreciation and amortization | (2,349,127) | (2,361,070) |
Real estate, net | 7,749,650 | 8,560,421 |
Cash and cash equivalents | 41,619 | 56,908 |
Restricted cash | 9,020 | 53,839 |
Marketable securities | 30,023 | 27,787 |
Receivables, net of allowance for doubtful accounts of $21,724 and $17,205 | 228,297 | 232,111 |
Deferred charges and prepaid expenses, net | 145,662 | 147,508 |
Real estate assets held for sale | 2,901 | 27,081 |
Other assets | 34,903 | 48,022 |
Total assets | 8,242,075 | 9,153,677 |
Liabilities | ||
Debt obligations, net | 4,885,863 | 5,676,238 |
Accounts payable, accrued expenses and other liabilities | 520,459 | 569,340 |
Total liabilities | 5,406,322 | 6,245,578 |
Commitments and contingencies (Note 14) | 0 | 0 |
Equity | ||
Common stock | 2,819,770 | 2,883,875 |
Accumulated other comprehensive income | 15,983 | 24,224 |
Total equity | 2,835,753 | 2,908,099 |
Total liabilities and equity | $ 8,242,075 | $ 9,153,677 |
CONSOLIDATED BALANCE SHEETS (Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Allowance for doubtful accounts receivable | $ 21,724 | $ 17,205 |
Common stock, par value | $ 0.01 | $ 0.01 |
Common stock, shares authorized | 3,000,000,000 | 3,000,000,000 |
Common stock, shares issued | 305,130,472 | 304,947,144 |
Common stock, shares outstanding | 298,488,516 | 304,620,186 |
Brixmor Operating Partnership LP | ||
Allowance for doubtful accounts receivable | $ 21,724 | $ 17,205 |
Common stock, shares issued | 305,130,472 | 304,947,144 |
Common stock, shares outstanding | 298,488,516 | 304,620,186 |
CONSOLIDATED STATEMENTS OF OPER
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Revenues | |||
Rental income | $ 956,090 | $ 997,089 | $ 998,118 |
Expense reimbursements | 271,671 | 278,636 | 270,548 |
Other revenues | 6,579 | 7,455 | 7,106 |
Total revenues | 1,234,340 | 1,283,180 | 1,275,772 |
Operating expenses | |||
Operating costs | 136,217 | 136,092 | 133,429 |
Real estate taxes | 177,401 | 179,097 | 174,487 |
Depreciation and amortization | 352,245 | 375,028 | 387,302 |
Provision for doubtful accounts | 10,082 | 5,323 | 9,182 |
Impairment of real estate assets | 53,295 | 40,104 | 5,154 |
General and administrative | 93,596 | 92,247 | 92,248 |
Total operating expenses | 822,836 | 827,891 | 801,802 |
Other income (expense) | |||
Dividends and interest | 519 | 365 | 542 |
Interest expense | (215,025) | (226,660) | (226,671) |
Gain on sale of real estate assets | 209,168 | 68,847 | 35,613 |
Gain (loss) on extinguishment of debt, net | (37,096) | 498 | (832) |
Other | (2,786) | (2,907) | (4,957) |
Total other expense | (45,220) | (159,857) | (196,305) |
Income before equity in income of unconsolidated joint venture | 366,284 | 295,432 | 277,665 |
Equity in income of unconsolidated joint venture | 0 | 381 | 477 |
Gain on disposition of unconsolidated joint venture interest | 0 | 4,556 | 0 |
Net income | 366,284 | 300,369 | 278,142 |
Net income attributable to non-controlling interests | 0 | (76) | (2,514) |
Net income attributable to Brixmor Property Group Inc. | 366,284 | 300,293 | 275,628 |
Preferred stock dividends | 0 | (39) | (150) |
Net income attributable to common stockholders | $ 366,284 | $ 300,254 | $ 275,478 |
Net income attributable to common stockholders: | |||
Basic (usd per share) | $ 1.21 | $ 0.98 | $ 0.91 |
Diluted (usd per share) | $ 1.21 | $ 0.98 | $ 0.91 |
Weighted average shares: | |||
Basic (in shares) | 302,074 | 304,834 | 301,601 |
Diluted (in shares) | 302,339 | 305,281 | 305,060 |
Brixmor Operating Partnership LP | |||
Revenues | |||
Rental income | $ 956,090 | $ 997,089 | $ 998,118 |
Expense reimbursements | 271,671 | 278,636 | 270,548 |
Other revenues | 6,579 | 7,455 | 7,106 |
Total revenues | 1,234,340 | 1,283,180 | 1,275,772 |
Operating expenses | |||
Operating costs | 136,217 | 136,092 | 133,429 |
Real estate taxes | 177,401 | 179,097 | 174,487 |
Depreciation and amortization | 352,245 | 375,028 | 387,302 |
Provision for doubtful accounts | 10,082 | 5,323 | 9,182 |
Impairment of real estate assets | 53,295 | 40,104 | 5,154 |
General and administrative | 93,596 | 92,247 | 92,248 |
Total operating expenses | 822,836 | 827,891 | 801,802 |
Other income (expense) | |||
Dividends and interest | 519 | 365 | 542 |
Interest expense | (215,025) | (226,660) | (226,671) |
Gain on sale of real estate assets | 209,168 | 68,847 | 35,613 |
Gain (loss) on extinguishment of debt, net | (37,096) | 498 | (832) |
Other | (2,786) | (2,907) | (4,957) |
Total other expense | (45,220) | (159,857) | (196,305) |
Income before equity in income of unconsolidated joint venture | 366,284 | 295,432 | 277,665 |
Equity in income of unconsolidated joint venture | 0 | 381 | 477 |
Gain on disposition of unconsolidated joint venture interest | 0 | 4,556 | 0 |
Net income | $ 366,284 | $ 300,369 | $ 278,142 |
Net income attributable to common stockholders: | |||
Basic (usd per share) | $ 1.21 | $ 0.98 | $ 0.91 |
Diluted (usd per share) | $ 1.21 | $ 0.98 | $ 0.91 |
Weighted average shares: | |||
Basic (in shares) | 302,074 | 304,913 | 304,600 |
Diluted (in shares) | 302,339 | 305,281 | 305,059 |
CONSOLIDATED STATEMENTS OF COMP
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Net income | $ 366,284 | $ 300,369 | $ 278,142 |
Other comprehensive income (loss) | |||
Change in unrealized gain (loss) on interest rate swaps, net (Note 6) | (8,361) | 2,815 | 24,042 |
Change in unrealized gain (loss) on marketable securities | 123 | (123) | (14) |
Total other comprehensive income (loss) | (8,238) | 2,692 | 24,028 |
Comprehensive income | 358,046 | 303,061 | 302,170 |
Comprehensive income attributable to non-controlling interests | 0 | (76) | (2,514) |
Comprehensive income attributable to common stockholders | 358,046 | 302,985 | 299,656 |
Brixmor Operating Partnership LP | |||
Net income | 366,284 | 300,369 | 278,142 |
Other comprehensive income (loss) | |||
Change in unrealized gain (loss) on interest rate swaps, net (Note 6) | (8,361) | 2,815 | 24,042 |
Change in unrealized gain (loss) on marketable securities | 120 | (122) | (16) |
Total other comprehensive income (loss) | (8,241) | 2,693 | 24,026 |
Comprehensive income attributable to common stockholders | $ 358,043 | $ 303,062 | $ 302,168 |
CONSOLIDATED STATEMENTS OF CHAN
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) shares in Thousands, $ 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, 2015 | 299,138 | ||||||||
Beginning 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 | ||||||||
Issuance of common stock and OP Units | 211 | 211 | $ 2 | 211 | (1,395) | 1,604 | |||
Share-based awards retained for taxes | (3,304) | (3,304) | (3,304) | (3,304) | |||||
Conversion of Operating Partnership units into common stock (in shares) | 4,976 | ||||||||
Conversion of OP Units into common stock | 0 | $ 50 | 47,849 | (47,899) | |||||
Net income | 278,142 | 278,142 | 275,628 | 2,514 | |||||
Net income attributable to Brixmor Operating Partnership LP | 278,142 | 278,142 | |||||||
Ending balance (in shares) at Dec. 31, 2016 | 304,343 | ||||||||
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 | ||||||||
Issuance of common stock and OP Units | 0 | $ 6 | (6) | ||||||
Repurchase of common stock, shares | (327) | ||||||||
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) | |||||
Conversion of Operating Partnership units into common stock (in shares) | 403 | ||||||||
Conversion of OP Units into common stock | 0 | 3,701 | (3,701) | ||||||
Net income | 300,369 | 300,369 | 300,293 | 76 | |||||
Net income attributable to Brixmor Operating Partnership LP | 300,369 | 300,369 | |||||||
Ending balance (in shares) at Dec. 31, 2017 | 304,620 | ||||||||
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 |
Increase (Decrease) in Equity [Roll Forward] | |||||||||
Common stock dividends | (333,097) | (333,191) | (333,191) | (333,097) | |||||
Equity based compensation expense | 9,378 | 9,378 | 9,378 | 9,378 | |||||
Other comprehensive income | (8,238) | (8,241) | (8,241) | (8,238) | |||||
Issuance of common stock and OP Units (in shares) | 184 | ||||||||
Issuance of common stock and OP Units | 2 | 2 | $ 2 | 2 | |||||
Repurchase of common stock, shares | (6,315) | ||||||||
Repurchases of common stock | (104,700) | (104,700) | $ (63) | (104,700) | (104,637) | ||||
Share-based awards retained for taxes | (1,878) | (1,878) | (1,878) | (1,878) | |||||
Net income | 366,284 | 366,284 | 366,284 | ||||||
Net income attributable to Brixmor Operating Partnership LP | 366,284 | 366,284 | |||||||
Ending balance (in shares) at Dec. 31, 2018 | 298,489 | ||||||||
Ending balance at Dec. 31, 2018 | $ 2,836,099 | $ 2,835,753 | $ 2,985 | $ 2,819,770 | $ 3,233,329 | $ 15,983 | $ 15,973 | $ (416,188) | $ 0 |
CONSOLIDATED STATEMENT OF CHANG
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (Parenthetical) - $ / shares | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Statement of Stockholders' Equity [Abstract] | |||
Dividends, per common share | $ 1.105 | $ 1.055 | $ 0.995 |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Operating activities: | |||
Net income | $ 366,284 | $ 300,369 | $ 278,142 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation and amortization | 352,245 | 375,028 | 387,302 |
Debt premium and discount amortization | (2,572) | (5,323) | (12,436) |
Deferred financing cost amortization | 6,601 | 6,971 | 7,708 |
Above- and below-market lease intangible amortization | (26,566) | (29,634) | (37,730) |
Provisions for impairment | 53,295 | 40,104 | 5,154 |
Gain on disposition of operating properties | (209,168) | (68,847) | (35,613) |
Gain on disposition of unconsolidated joint venture interest | 0 | (4,556) | 0 |
Equity based compensation | 9,378 | 10,477 | 11,569 |
Other | 3,424 | 2,511 | 1,121 |
(Gain) loss on extinguishment of debt, net | 37,096 | (498) | 832 |
Changes in operating assets and liabilities: | |||
Receivables | (12,312) | (26,458) | 1,566 |
Deferred charges and prepaid expenses | (40,575) | (53,316) | (33,819) |
Other assets | 3,735 | (3,575) | (644) |
Accounts payable, accrued expenses and other liabilities | 824 | 8,695 | (5,667) |
Net cash provided by operating activities | 541,689 | 551,948 | 567,485 |
Investing activities: | |||
Improvements to and investments in real estate assets | (268,689) | (202,873) | (192,428) |
Acquisitions of real estate assets | (17,447) | (190,487) | (46,833) |
Proceeds from sales of real estate assets | 957,955 | 330,757 | 102,904 |
Contributions to unconsolidated joint venture | 0 | 0 | (2,846) |
Proceeds from sale of unconsolidated joint venture interest | 0 | 12,369 | 0 |
Purchase of marketable securities | (33,096) | (28,263) | (46,325) |
Proceeds from sale of marketable securities | 30,880 | 25,623 | 43,647 |
Net cash provided by (used in) investing activities | 669,603 | (52,874) | (141,881) |
Financing activities: | |||
Repayment of secured debt obligations | (895,717) | (409,575) | (914,471) |
Repayment of borrowings under unsecured revolving credit facility | (194,000) | (603,000) | (840,000) |
Proceeds from borrowings under unsecured revolving credit facility | 500,000 | 481,000 | 546,000 |
Proceeds from unsecured term loans and notes | 250,000 | 1,193,916 | 1,094,648 |
Repayment of borrowings under unsecured term loans | (435,000) | (815,000) | 0 |
Deferred financing and debt extinguishment costs | (56,598) | (11,142) | (17,657) |
Distributions to common stockholders | (333,411) | (317,389) | (295,205) |
Distributions to non-controlling interests | 0 | (1,390) | (3,736) |
Repurchases of common shares | (104,700) | (5,872) | 0 |
Repurchases of common shares in conjunction with equity award plans | (1,878) | (2,714) | (3,304) |
Net cash used in financing activities | (1,271,304) | (491,166) | (433,725) |
Net change in cash, cash equivalents and restricted cash | (60,012) | 7,908 | (8,121) |
Cash, cash equivalents and restricted cash at beginning of period | 110,777 | 102,869 | 110,990 |
Cash, cash equivalents and restricted cash at end of period | 50,765 | 110,777 | 102,869 |
Reconciliation to consolidated balance sheets: | |||
Cash and cash equivalents | 41,745 | 56,938 | 51,402 |
Cash, cash equivalents and restricted cash at end of period | 110,777 | 102,869 | 110,990 |
Supplemental disclosure of cash flow information: | |||
Cash paid for interest, net of amount capitalized of $2,478, $2,945 and $2,870 | 212,889 | 223,198 | 228,378 |
State and local taxes paid | 2,180 | 2,199 | 2,067 |
Brixmor Operating Partnership LP | |||
Operating activities: | |||
Net income | 366,284 | 300,369 | 278,142 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation and amortization | 352,245 | 375,028 | 387,302 |
Debt premium and discount amortization | (2,572) | (5,323) | (12,436) |
Deferred financing cost amortization | 6,601 | 6,971 | 7,708 |
Above- and below-market lease intangible amortization | (26,566) | (29,634) | (37,730) |
Provisions for impairment | 53,295 | 40,104 | 5,154 |
Gain on disposition of operating properties | (209,168) | (68,847) | (35,613) |
Gain on disposition of unconsolidated joint venture interest | 0 | (4,556) | 0 |
Equity based compensation | 9,378 | 10,477 | 11,569 |
Other | 3,424 | 2,511 | 1,121 |
(Gain) loss on extinguishment of debt, net | 37,096 | (498) | 832 |
Changes in operating assets and liabilities: | |||
Receivables | (12,312) | (26,458) | 1,566 |
Deferred charges and prepaid expenses | (40,575) | (53,316) | (33,819) |
Other assets | 3,735 | (3,575) | (644) |
Accounts payable, accrued expenses and other liabilities | 824 | 8,695 | (5,667) |
Net cash provided by operating activities | 541,689 | 551,948 | 567,485 |
Investing activities: | |||
Improvements to and investments in real estate assets | (268,689) | (202,873) | (192,428) |
Acquisitions of real estate assets | (17,447) | (190,487) | (46,833) |
Proceeds from sales of real estate assets | 957,955 | 330,757 | 102,904 |
Contributions to unconsolidated joint venture | 0 | 0 | (2,846) |
Proceeds from sale of unconsolidated joint venture interest | 0 | 12,369 | 0 |
Purchase of marketable securities | (33,094) | (28,261) | (46,317) |
Proceeds from sale of marketable securities | 30,880 | 25,623 | 43,647 |
Net cash provided by (used in) investing activities | 669,605 | (52,872) | (141,873) |
Financing activities: | |||
Repayment of secured debt obligations | (895,717) | (409,575) | (914,471) |
Repayment of borrowings under unsecured revolving credit facility | (194,000) | (603,000) | (840,000) |
Proceeds from borrowings under unsecured revolving credit facility | 500,000 | 481,000 | 546,000 |
Proceeds from unsecured term loans and notes | 250,000 | 1,193,916 | 1,094,648 |
Repayment of borrowings under unsecured term loans | (435,000) | (815,000) | 0 |
Deferred financing and debt extinguishment costs | (56,598) | (11,142) | (17,657) |
Partner distributions | (440,087) | (327,363) | (302,265) |
Net cash used in financing activities | (1,271,402) | (491,164) | (433,745) |
Net change in cash, cash equivalents and restricted cash | (60,108) | 7,912 | (8,133) |
Cash, cash equivalents and restricted cash at beginning of period | 110,747 | 102,835 | 110,968 |
Cash, cash equivalents and restricted cash at end of period | 50,639 | 110,747 | 102,835 |
Reconciliation to consolidated balance sheets: | |||
Cash and cash equivalents | 41,619 | 56,908 | 51,368 |
Cash, cash equivalents and restricted cash at end of period | $ 110,747 | 102,835 | 110,968 |
Supplemental disclosure of cash flow information: | |||
Cash paid for interest, net of amount capitalized of $2,478, $2,945 and $2,870 | 223,198 | 228,378 | |
State and local taxes paid | $ 2,199 | $ 2,067 |
CONSOLIDATED STATEMENTS OF CA_2
CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
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, 2018 | |
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 (“U.S.”), comprised primarily of community and neighborhood shopping centers. As of December 31, 2018, the Company’s portfolio was comprised of 425 shopping centers (the “Portfolio”) totaling approximately 74 million square feet of GLA. The Company’s high-quality national Portfolio is primarily located within established trade areas in the top 50 Metropolitan Statistical Areas in the U.S., and its 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, 2018 and 2017 and the consolidated results of its operations and cash flows for the years ended December 31, 2018, 2017 and 2016. Certain prior year balances in the accompanying Consolidated Statements of Cash Flows have been reclassified to conform to the current year presentation for the adoption of Accounting Standards Update (“ASU”) 2016-15, “ Statement of Cash Flows (Topic 230). ” Additionally, the Company has determined it is preferable to separate Real estate assets held for sale from Other assets on the Company’s Consolidated Balance Sheets. Therefore, certain prior year balances in the accompanying Consolidated Balance Sheets have been reclassified to conform to the current year presentation of Real estate assets held for sale. 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, 2018. 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 and in-place leases), and assumed debt based on an evaluation of available information. Based on these estimates, the 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, 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, management evaluates the specific characteristics of each tenant lease. Factors considered include, but are not limited to: 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 operating costs, such as common area expenses, utilities, insurance and real estate taxes, and estimates of lost rentals at market rates. Costs to execute similar leases include leasing commissions, legal and marketing costs, and tenant improvement costs. The values assigned to in-place leases 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 to Operating costs 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 represent properties that are under contract for sale and where the applicable pre-sale due diligence period has expired prior to the end of the reporting period. 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 an indicator is identified, a real estate asset is considered impaired only if management’s estimate of aggregate future undiscounted and unleveraged property cash flows, taking into account the anticipated probability weighted holding period, are less than the carrying value of the property. Various factors are considered in the estimation process, including trends and prospects and the effects of demand and competition on future operating income. 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 to reflect the estimated 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 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 recognized 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 would have been 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 capitalized and amortized using the straight-line method over the term of the related lease or debt agreement, which approximates the effective interest method. Capitalized costs incurred in executing tenant leases include tenant improvements, a portion of salaries, lease commissions and the related costs of personnel directly involved in successful leasing efforts. Capitalized costs incurred in executing long-term financing 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 is based primarily on publicly traded market values in active markets and is 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, 2018 and 2017, 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 recognized 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 operating costs, including common area expenses, utilities, insurance and real estate taxes 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 individual tenant receivables and considers tenant credit-worthiness, the length of time a receivable has been outstanding, 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 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 to its stockholders at least 90% of its REIT taxable income, determined without regard to the deduction for dividends paid and excluding net capital gains. 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 the Company’s 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 before January 1, 2018) 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 Parent Company has elected to treat certain of its subsidiaries as taxable REIT subsidiaries (“TRS”), and the Parent 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 is subject to certain limitations under the Code. A TRS is subject to U.S. federal and state income taxes. Income taxes related to the Parent 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, 2018 and 2017. Open tax years generally range from 2015 through 2018, 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 November 2018, the FASB issued ASU 2018-19, “Codification Improvements to Topic 326, Financial Instruments-Credit Losses.” ASU 2018-19 clarifies that receivables arising from operating leases are not within the scope of Subtopic 326-20. Instead, impairment of receivables arising from operating leases should be accounted for in accordance with Accounting Standard Codification (“ASC”) 842, Leases. As such the Company does not expect the adoption of ASU 2018-19 to have a material impact on the Consolidated Financial Statements of the Company. Information regarding the adoption of ASC 842 is described below. In October 2018, the FASB issued ASU 2018-16, “Derivatives and Hedging (Topic 815).” ASU 2018-16 amends guidance to permit the use of the Overnight Index Swap rate based on the Secured Overnight Financing Rate as a U.S. benchmark interest rate for hedge accounting purposes under Topic 815. The standard became effective for the Company on January 1, 2019. The Company determined that these changes will not have a material impact on the Consolidated Financial Statements of the Company. In August 2018, the FASB issued ASU 2018-13, “ Fair Value Measurement (Topic 820) .” ASU 2018-13 amends certain disclosure requirements regarding the fair value hierarchy of investments in accordance with GAAP, particularly the significant unobservable inputs used to value investments within Level 3 of the fair value hierarchy. The standard is effective on January 1, 2020, with early adoption permitted. The Company does not expect the adoption of ASU 2018-13 to have a material impact on the Consolidated Financial Statements of the Company. In August 2017, the FASB issued 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. ASU 2017-12 was early adopted by the Company on January 1, 2018. The Company determined that these changes did not 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 became effective for the Company on January 1, 2018. The Company determined that these changes did not have a material impact on the Consolidated Financial Statements of the Company. In February 2017, the FASB issued ASU 2017-05, “ Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20).” ASU 2017-05 focuses on recognizing gains and losses from the transfer of nonfinancial assets with noncustomers. It provides guidance as to the definition of an “in substance nonfinancial asset,” and provides guidance for sales of real estate, including partial sales. The standard became effective for the Company on January 1, 2018 in conjunction with ASU 2014-09 and the Company applied the same modified retrospective approach of adoption as applied with ASU 2014-09, as described below. The Company did not record any cumulative adjustment in connection with the adoption of the new pronouncement. 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 became effective for the Company on January 1, 2018. 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). ASU 2016-02 was subsequently amended by ASU 2018-01, “ Land Easement Practical Expedient for Transition to Topic 842 ”; ASU 2018-10, “ Codification Improvements to Topic 842 ”; ASU 2018-11, “ Targeted Improvements ”; and ASU 2018-20, “ Narrow-Scope Improvements for 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 qualify for the short-term lease recognition exemption and may 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. Adoption The standard became effective for the Company on January 1, 2019 and a modified retrospective transition approach was required. The Company determined that the adoption of ASU 2016-02 will have a material impact on the Consolidated Financial Statements of the Company. The Company elected the following optional practical expedients upon adoption: • The Company did not reassess whether a current arrangement contains a lease. (ASU 2016-02) • The Company did not reassess current lease classification. (ASU 2016-02) • The Company did not reassess initial direct costs recognized under previous guidance. (ASU 2016-02) • The Company did not reassess current land easements under ASC 842. (ASU 2018-01) • The Company applied ASC 842 as of the effective date. Therefore, the Company’s reporting for the comparative periods presented in the Consolidated Financial Statements of the Company will continue to be in accordance with ASC 840. (ASU 2018-11) • The Company elected, by class of underlying asset, not to separate non-lease components from the associated lease components and instead account for them as a single component. This will result in the consolidation of Rental income and Expense reimbursements on the Company's Consolidated Statements of Operations (ASU 2018-11) Lessee For leases where the Company is the lessee, primarily for the Company’s ground leases and administrative office leases, the Company is required to record a right of use asset and a lease liability on its Consolidated Balance Sheets on the effective date. The Company expects to record an operating lease liability of approximately $45 million to $55 million , with a corresponding right of use asset of approximately $40 million to $50 million . Additionally, the Company has elected to apply the short-term lease recognition exemption for all leases that qualify. Lessor For leases where the Company is the lessor, the Company will continue to record revenues from rental properties for its operating leases on a straight-line basis. In addition, direct internal leasing overhead costs continue to be capitalized, however, indirect internal leasing overhead costs previously capitalized are being expensed under ASU 2016-02. For the years ended December 31, 2018, 2017 and 2016 the Company capitalized $11.9 million , $10.0 million and $9.6 million of indirect internal leasing overhead costs, respectively. In addition, ASU 2016-02 requires additional leasing activity disclosures be presented in the Consolidated Financial Statements of the Company for both lessor and lessee lease agreements. 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. The standard became effective for the Company on January 1, 2018 and the Company elected the modified retrospective approach of adoption, which requires a cumulative adjustment as of the date of the adoption, if applicable. The Company did not record any such cumulative adjustment in connection with the adoption of the new pronouncement. Substantially all of the Company’s tenant-related revenue is recognized pursuant to lease agreements and is out of the scope of ASU 2014-09 and falls instead under ASU 2016-02, which is discussed above and became effective on January 1, 2019. As a result, the Company determined that ASU 2014-09 did 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. 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 |
Acquisition of Real Estate
Acquisition of Real Estate | 12 Months Ended |
Dec. 31, 2018 | |
Real Estate [Abstract] | |
Acquisition of Real Estate | Acquisition of Real Estate During the year ended December 31, 2018, the Company acquired the following assets, in separate transactions: Description (1) Location Month Acquired GLA Aggregate Purchase Price (2) Land adjacent to Arborland Center Ann Arbor, MI Jun-18 N/A $ 5,576 Outparcel adjacent to Lehigh Shopping Center Bethlehem, PA Jun-18 12,739 1,899 Outparcel building adjacent to Beneva Village Shoppes Sarasota, FL Jul-18 3,710 1,541 Outparcel building adjacent to Roosevelt Mall Philadelphia, PA Oct-18 975 2,318 Land adjacent to Arborland Center Ann Arbor, MI Oct-18 N/A 415 Outparcel building adjacent to Wynnewood Village Dallas, TX Dec-18 6,000 2,551 Building at Wendover Place Greensboro, NC Dec-18 58,876 3,147 82,300 $ 17,447 (1) No debt was assumed related to any of the listed acquisitions. (2) Aggregate purchase price includes $0.4 million of transaction costs. During the year ended December 31, 2017, the Company acquired the following assets, in separate transactions: Description (1) Location Month Acquired GLA Aggregate Purchase Price (2) 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. (2) Aggregate purchase price includes $0.9 million of transaction costs. The aggregate purchase price of the assets acquired during the years ended December 31, 2018 and 2017, respectively, has been allocated as follows: Year Ended December 31, Assets 2018 2017 Land $ 9,220 $ 45,055 Buildings 6,129 117,347 Building and tenant improvements 1,039 17,415 Above-market leases (1) 20 3,051 In-place leases (2) 1,127 13,044 Total assets 17,535 195,912 Liabilities Below-market leases (3) 88 4,103 Other liabilities — 1,322 Total liabilities 88 5,425 Net assets acquired $ 17,447 $ 190,487 (1) The weighted average amortization period at the time of acquisition for above-market leases related to assets acquired during the years ended December 31, 2018 and 2017 was 3.8 years and 5.5 years, respectively. (2) The weighted average amortization period at the time of acquisition for in-place leases related to assets acquired during the years ended December 31, 2018 and 2017 was 4.9 years and 7.5 years, respectively. (3) The weighted average amortization period at the time of acquisition for below-market leases related to assets acquired during the years ended December 31, 2018 and 2017 was 4.7 years and 16.3 years, respectively. |
Dispositions and Assets Held fo
Dispositions and Assets Held for Sale | 12 Months Ended |
Dec. 31, 2018 | |
Discontinued Operations and Disposal Groups [Abstract] | |
Dispositions and Assets Held for Sale | Dispositions and Assets Held for Sale During the year ended December 31, 2018, the Company disposed of 62 shopping centers, two partial shopping centers and one land parcel for aggregate net proceeds of $957.5 million resulting in aggregate gain of $208.7 million and aggregate impairment of $37.0 million . In addition, during the year ended December 31, 2018, the Company received net proceeds of $0.5 million from previously disposed assets resulting in a gain of $0.5 million . During the year ended December 31, 2017, the Company disposed of 29 wholly owned shopping centers and two outparcel buildings for aggregate net proceeds of $330.8 million resulting in aggregate gain of $68.7 million and aggregate 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 . As of December 31, 2018 and 2017, the Company had one property held for sale. The following table presents the assets and liabilities associated with the properties classified as held for sale: Assets December 31, 2018 December 31, 2017 Land $ 1,220 $ 3,220 Buildings and improvements 2,927 30,758 Accumulated depreciation and amortization (1,334 ) (7,464 ) Real estate, net 2,813 26,514 Other assets 88 567 Assets associated with real estate assets held for sale $ 2,901 $ 27,081 Liabilities Other liabilities $ — $ 33 Liabilities associated with real estate assets held for sale (1) $ — $ 33 (1) These amounts are included in Accounts payable, accrued expenses and other liabilities on the Company’s Consolidated Balance Sheets. There were no discontinued operations for the years ended December 31, 2018, 2017 and 2016 as none of the dispositions represented a strategic shift in the Company’s business that would qualify as discontinued operations. |
Real Estate
Real Estate | 12 Months Ended |
Dec. 31, 2018 | |
Real Estate [Abstract] | |
Real Estate | Real Estate The Company’s components of Real estate, net consisted of the following: December 31, 2018 December 31, 2017 Land $ 1,804,504 $ 1,984,309 Buildings and improvements: Buildings and tenant improvements (1) 7,626,363 8,145,085 Lease intangibles (2) 667,910 792,097 10,098,777 10,921,491 Accumulated depreciation and amortization (3) (2,349,127 ) (2,361,070 ) Total $ 7,749,650 $ 8,560,421 (1) As of December 31, 2018 and 2017, Buildings and tenant improvements included accrued amounts, net of any anticipated insurance proceeds of $ 41.7 million and $ 22.8 million , respectively. (2) As of December 31, 2018 and 2017, Lease intangibles consisted of $601.0 million and $715.1 million , respectively, of in-place leases and $66.9 million and $77.0 million , respectively, of above-market leases. These intangible assets are amortized over the term of each related lease. (3) As of December 31, 2018 and 2017, Accumulated depreciation and amortization included $560.3 million and $629.1 million , respectively, of accumulated amortization related to Lease intangibles. In addition, as of December 31, 2018 and 2017, the Company had intangible liabilities relating to below-market leases of $392.9 million and $463.3 million , respectively, and accumulated accretion of $266.1 million and $281.5 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, 2018, 2017 and 2016 was $26.6 million , $29.6 million and $37.7 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, 2018, 2017 and 2016 was $35.2 million , $46.2 million and $60.0 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 expense, and in-place lease 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 lease amortization expense 2019 $ (18,245 ) $ 23,977 2020 (14,843 ) 17,789 2021 (12,138 ) 12,865 2022 (10,025 ) 9,496 2023 (8,627 ) 6,983 Hurricane Michael Impact On October 7, 2018, Hurricane Michael struck Florida resulting in widespread damage and flooding. The Company has two properties, totaling 0.4 million square feet of GLA, which were impacted. The Company maintains comprehensive property insurance on these properties, including business interruption insurance. As of December 31, 2018, the Company’s assessment of the damages sustained to its properties from Hurricane Michael resulted in $6.1 million of accelerated depreciation, representing the estimated net book value of damaged assets. The Company also recognized a corresponding receivable for estimated property insurance recoveries related to the write-down. As such, there was no impact to net income during year ended December 31, 2018. As of December 31, 2018, the Company has received property insurance proceeds of $3.0 million and has a remaining receivable balance of $3.1 million , which is included in Receivables, net on the Company’s Consolidated Balance Sheets. Additionally, the Company’s business interruption insurance covers lost revenues as a result of the hurricane, less the applicable deductible. During the year ended December 31, 2018, the Company recognized $0.2 million of expense associated with the business interruption insurance deductible. This amount is included in Provision for doubtful accounts on the Company’s Consolidated Statements of Operations. |
Impairments
Impairments | 12 Months Ended |
Dec. 31, 2018 | |
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 to reflect the estimated fair value. The Company recognized the following impairments during the year ended December 31, 2018: Year Ended December 31, 2018 Property Name (1) Location GLA Impairment Charge County Line Plaza (2) Jackson, MS 221,127 $ 10,181 Southland Shopping Plaza (2) Toledo, OH 285,278 7,077 Covington Gallery Covington, GA 174,857 6,748 Westview Center Hanover Park, IL 321,382 5,916 Roundtree Place (2) Ypsilanti, MI 246,620 4,317 Skyway Plaza St. Petersburg, FL 110,799 3,639 Wadsworth Crossings (2) Wadsworth, OH 118,145 3,594 Brooksville Square (2) Brooksville, FL 96,361 2,740 Sterling Bazaar (2) Peoria, IL 87,359 1,571 Pensacola Square (2) Pensacola, FL 142,767 1,345 Plantation Plaza (2) Clute, TX 99,141 1,251 Kline Plaza (2) Harrisburg, PA 214,628 1,237 Smith’s (2) Socorro, NM 48,000 1,200 Elkhart Plaza West (2) Elkhart, IN 81,651 748 Dover Park Plaza (2) Yardville, NJ 56,638 555 Parcel at Elk Grove Town Center (2) Elk Grove Village, IL 72,385 538 Crossroads Centre (2) Fairview Heights, IL 242,752 204 Shops of Riverdale (2) Riverdale, GA 16,808 155 Valley Commons (2) Salem, VA 45,580 115 Mount Carmel Plaza (2) Glenside, PA 14,504 115 Klein Square (2) Spring, TX 80,636 49 2,777,418 $ 53,295 (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, 2018. The Company recognized the following impairments during the year ended December 31, 2017: Year Ended December 31, 2017 Property Name (1) Location GLA Impairment Charge The Manchester Collection Manchester, CT 342,247 $ 9,026 Lexington Road Plaza (2) Versailles, KY 197,668 6,393 The Plaza at Salmon Run Watertown, NY 68,761 3,486 The Vineyards (2) Eastlake, OH 144,820 3,008 Highland Commons (2) Glasgow, KY 130,466 2,499 Parkway Pointe (2) Springfield, IL 38,737 2,373 Shops at Seneca Mall (2) Liverpool, NY 231,024 2,226 Smith’s (3) Socorro, NM 48,000 2,200 Fashion Square (3) Orange Park, FL 36,029 2,125 Austin Town Center (2) Austin, MN 110,680 1,853 Renaissance Center East (2) Las Vegas, NV 144,216 1,658 Salisbury Marketplace (2) Salisbury, NC 79,732 1,544 Remount Village Shopping Center (2) North Charleston, SC 60,238 921 The Shoppes at North Ridgeville (2) North Ridgeville, OH 59,852 389 Crossroads Centre (3) Fairview Heights, IL 242,752 358 Milford Center (2) Milford, CT 25,056 45 1,960,278 $ 40,104 (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, 2018. The Company recognized the following impairments during the year ended December 31, 2016: Year Ended December 31, 2016 Property Name (1) Location GLA Impairment Charge Milford Center (2) Milford, CT 25,056 $ 2,626 Plymouth Plaza (3) Plymouth Meeting, PA 30,013 1,997 Parcel at Country Hills Shopping Center (4) Torrance, CA 3,500 550 Inwood Forest (3) Houston, TX 77,553 52 Other – N/A (71 ) 136,122 $ 5,154 (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, 2018. 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 operating properties which have been impaired. |
Financial Instruments - Derivat
Financial Instruments - Derivatives and Hedging | 12 Months Ended |
Dec. 31, 2018 | |
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 its exposure to interest rate movements 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. 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 exchanging the underlying notional amount. The Company utilizes interest rate swaps to partially hedge the cash flows associated with variable LIBOR based debt. During the year ended December 31, 2018, the Company entered into four forward starting interest rate swap agreements with an effective date of January 2, 2019, an aggregate notional value of $300.0 million , a weighted average fixed rate of 2.61% and an expiration date of July 26, 2024. During the year ended December 31, 2017, the Company did not enter into any new interest rate swap agreements. Detail on the Company’s interest rate derivatives designated as cash flow hedges outstanding as of December 31, 2018 and 2017 is as follows: Number of Instruments Notional Amount December 31, 2018 December 31, 2017 December 31, 2018 December 31, 2017 Interest Rate Swaps 10 9 $ 1,200,000 $ 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, 2018 and 2017, respectively, is as follows: Fair Value of Derivative Instruments Interest rate swaps classified as: December 31, 2018 December 31, 2017 Gross derivative assets $ 18,630 $ 24,420 Gross derivative liabilities (2,571 ) — Net derivative assets $ 16,059 $ 24,420 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 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, 2018, 2017 and 2016 is as follows: Derivatives in Cash Flow Hedging Relationships (Interest Rate Swaps) Year Ended December 31, 2018 2017 2016 Change in unrealized gain on interest rate swaps $ 3,837 $ 4,976 $ 19,081 Amortization (accretion) of interest rate swaps to interest expense (12,198 ) (2,161 ) 4,961 Change in unrealized gain (loss) on interest rate swaps, net $ (8,361 ) $ 2,815 $ 24,042 The Company estimates that $8.4 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, 2018, 2017 and 2016. Non-Designated (Mark-to-Market) Hedges of Interest Rate Risk The Company does not use derivatives for trading or speculative purposes. As of December 31, 2018 and 2017, 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, 2018 | |
Debt Disclosure [Abstract] | |
Debt Obligations | Debt Obligations As of December 31, 2018 and 2017, the Company had the following indebtedness outstanding: Carrying Value as of December 31, 2018 December 31, Stated Interest Rate (1) Scheduled Maturity Date Secured loans Secured loans (2) $ 7,000 $ 902,717 4.40% 2024 Net unamortized premium 262 15,321 Net unamortized debt issuance costs (45 ) (93 ) Total secured loans, net $ 7,217 $ 917,945 Notes payable Unsecured notes (3) $ 3,468,453 $ 3,218,453 3.25% – 7.97% 2022 – 2029 Net unamortized discount (11,562 ) (13,485 ) Net unamortized debt issuance costs (20,877 ) (22,476 ) Total notes payable, net $ 3,436,014 $ 3,182,492 Unsecured Credit Facility and term loans Unsecured Credit Facility - Term Loans (4) $ 500,000 $ 685,000 3.63% 2021 Unsecured Credit Facility - Revolving Facility 306,000 — 3.53% 2023 Unsecured $350 Million Term Loan (5) 350,000 600,000 3.63% 2023 Unsecured $300 Million Term Loan (5) 300,000 300,000 4.25% 2024 Net unamortized debt issuance costs (13,368 ) (9,199 ) Total Unsecured Credit Facility and term loans $ 1,442,632 $ 1,575,801 Total debt obligations, net (6) $ 4,885,863 $ 5,676,238 (1) The stated interest rates are as of December 31, 2018 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, 2018 of approximately $16.4 million . (3) The weighted average stated interest rate on the Company’s unsecured notes was 3.79% as of December 31, 2018. (4) Effective November 1, 2016, the Company has in place three interest rate swap agreements that convert the variable interest rate on a $500.0 million term loan (the “$500 Million Term Loan”) under the Company’s senior unsecured credit facility agreement, as amended December 12, 2018, (the “Unsecured Credit Facility”) to a fixed, combined interest rate of 1.11% (plus a spread of 125 basis points) through July 30, 2021. (5) Effective November 1, 2016, the Company has in place three interest rate swap agreements that convert the variable interest rate on the Company’s $350.0 million term loan agreement, as amended December 12, 2018 (the “$350 Million Term Loan”) and $50.0 million of the Company’s $300.0 million term loan agreement, as amended December 12, 2018, (the “$300 Million Term Loan”) to a fixed, combined interest rate of 0.88% (plus a spread of 125 basis points and 190 basis points, respectively) through March 18, 2019. (6) During the year ended December 31, 2018, the Company entered into four forward starting interest rate swap agreements with an effective date of January 2, 2019 that convert the variable interest rate on $300.0 million of the Company’s variable LIBOR based interest rate debt to a fixed, combined interest rate of 2.61% through July 26, 2024. See Note 6 for additional information regarding the interest rate swap agreements entered into during the year ended December 31, 2018. 2018 Debt Transactions In August 2018, the Operating Partnership issued $250.0 million aggregate principal amount of Floating Rate Senior Notes due 2022 (the “2022 Notes”), the net proceeds of which were used to repay a portion of the Company’s $600 Million Term Loan scheduled to mature on March 18, 2019 prior to the amendment of the $600 Million Term Loan, as described below. The 2022 Notes bear interest at a rate of three-month U.S. Dollar LIBOR, reset quarterly, plus 105 basis points, payable quarterly in arrears on February 1, May 1, August 1 and November 1 of each year, commencing November 1, 2018. The 2022 Notes are scheduled to mature on February 1, 2022. The 2022 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 not redeem the 2022 Notes prior to the scheduled maturity date. In December 2018, the Operating Partnership amended and restated the Unsecured Credit Facility. The amendment provides for (1) revolving loan commitments of $1.25 billion (the “Revolving Facility”) scheduled to mature on February 28, 2023 (extending the applicable scheduled maturity date from July 31, 2020) and (2) a continuation of the existing $500 Million Term Loan scheduled to mature on July 31, 2021 (the “$500 Million Term Loan”). Each of the Revolving Facility and the $500 Million Term Loan includes two six -month maturity extension options, the exercise of which is subject to customary conditions and the payment of a fee on the extended commitments of 0.0625% . The Unsecured Credit Facility includes the option to increase the revolving loan commitments or add term loans of up to $1 billion in the aggregate to the extent that any one or more lenders (from the syndicate or otherwise) agree to provide such additional credit extensions. Borrowings under the Unsecured Credit Facility will bear interest, at the Operating Partnership’s option, (1) with respect to the Revolving Facility, at a rate of either LIBOR plus a margin ranging from 0.775% to 1.45% or a base rate plus a margin ranging from 0.00% to 0.45% , in each case, with the actual margin determined according to the Operating Partnership’s credit rating and (2) with respect to the $500 Million Term Loan, at a rate of either LIBOR plus a margin ranging from 0.85% to 1.65% or a base rate plus a margin ranging from 0.00% to 0.65% , in each case, with the actual margin determined according to the Operating Partnership’s credit rating. The base rate is the highest of (1) the agent’s prime rate, (2) the federal funds rate plus 0.50% and (3) the daily one-month LIBOR plus 1.00% . In addition, the Unsecured Credit Facility requires the payment of a facility fee ranging from 0.125% to 0.30% (depending on the Operating Partnership’s credit rating) on the total commitments under the Revolving Facility. Additionally, in December 2018, the Operating Partnership amended and restated the $600.0 million term loan agreement, as amended prior to the date hereof (the “ $600 Million Term Loan”), of which $250.0 million had been repaid prior to December 2018. The amendment provides for a continuation of the existing $350.0 million term loan previously scheduled to mature on March 18, 2019 and extends the scheduled maturity to December 12, 2023 (the “$350 Million Term Loan”). The $350 Million Term Loan includes the option to add term loans of up to $250.0 million in the aggregate to the extent that any one or more lenders (from the syndicate or otherwise) agree to provide such additional credit extensions. Borrowings under the $350 Million Term Loan will bear interest, at the Operating Partnership’s option, at a rate of either LIBOR plus a margin ranging from 0.85% to 1.65% or a base rate plus a margin ranging from 0.00% to 0.65% , in each case, with the actual margin determined according to the Operating Partnership’s credit rating. Further, in December 2018, the Operating Partnership amended its $300 Million Term Loan (the “$300 Million Term Loan”). The amendment implements various covenant and technical amendments to make the existing $300 Million Term Loan agreement consistent with corresponding provisions in the Unsecured Credit Facility and $350 Million Term Loan. The amendment does not change the scheduled maturity of the $300 Million Term Loan, which is July 26, 2024. In addition, the amendment does not change the Operating Partnership’s option under the existing $300 Million Term Loan to add term loans of up to $500.0 million in the aggregate to the extent that any one or more lenders (from the syndicate or otherwise) agree to provide such additional credit extensions. The $300 Million Term Loan amendment decreases the applicable interest rates to, at the Operating Partnership’s option, a rate of either LIBOR plus a margin ranging from 0.85% to 1.65% or a base rate plus a margin ranging from 0.00% to 0.65% , in each case, with the actual margin determined according to the Operating Partnership’s credit rating, with such decreases taking effect on July 28, 2019. The applicable interest rates under the existing $300 Million Term Loan, which will remain in effect until July 28, 2019, are, at the Operating Partnership’s option, a rate of either LIBOR plus a margin ranging from 1.50% to 2.45% or a base rate plus a margin ranging from 0.50% to 1.45% , in each case, with the actual margin determined according to the Operating Partnership’s credit rating. During the year ended December 31, 2018, the Company repaid $881.4 million of secured loans and $435.0 million of unsecured term loans. These repayments were funded primarily with net disposition proceeds, proceeds from the issuance of the 2022 Notes, and $306.0 million of borrowings under the Revolving Facility, net of repayments. Additionally, during the year ended December 31, 2018, the Company recognized a $37.1 million loss on extinguishment of debt, net as a result of debt transactions. Loss on extinguishment of debt, net includes $24.3 million of legal defeasance fees related to secured loans with an aggregate principal balance of $469.2 million and $23.0 million of prepayment fees related to secured loans with an aggregate principal balance of $412.2 million , partially offset by $10.2 million of accelerated unamortized debt premiums, net of discounts and debt issuance costs. 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, 2018. Debt Maturities As of December 31, 2018 and 2017, the Company had accrued interest of $34.0 million and $35.9 million outstanding, respectively. As of December 31, 2018, scheduled amortization and maturities of the Company’s outstanding debt obligations were as follows: Year ending December 31, 2019 $ — 2020 — 2021 500,000 2022 750,000 2023 1,156,000 Thereafter 2,525,453 Total debt maturities 4,931,453 Net unamortized discount (11,300 ) Net unamortized debt issuance costs (34,290 ) Total debt obligations, net $ 4,885,863 As of the date the financial statements were issued, the Company did not have any scheduled debt maturities for the next 12 months. |
Fair Value Disclosures
Fair Value Disclosures | 12 Months Ended |
Dec. 31, 2018 | |
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, 2018 December 31, 2017 Carrying Amounts Fair Value Carrying Fair Secured loans $ 7,217 $ 7,072 $ 917,945 $ 963,702 Notes payable 3,436,014 3,372,418 3,182,492 3,224,877 Unsecured Credit Facility and term loans 1,442,632 1,452,382 1,575,801 1,586,206 Total debt obligations, net $ 4,885,863 $ 4,831,872 $ 5,676,238 $ 5,774,785 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, interest rate curves, estimated property values, loan amounts and maturity dates. 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 valuations of the Company’s marketable securities are based primarily on publicly traded market values in active markets and are classified within Level 1 or 2 of the fair value hierarchy. See Note 6 for fair value information regarding the Company’s interest rate derivatives. The following table presents the placement in the fair value hierarchy of assets and liabilities that are measured and recognized at fair value on a recurring basis: Fair Value Measurements as of December 31, 2018 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) $ 30,243 $ 1,756 $ 28,487 $ — Interest rate derivatives $ 18,630 $ — $ 18,630 $ — Liabilities: Interest rate derivatives $ (2,571 ) $ — $ (2,571 ) $ — 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 $ — (1) As of December 31, 2018 and 2017, marketable securities included $0.1 million and $0.2 million of net unrealized losses, respectively. As of December 31, 2018, the contractual maturities of the Company’s marketable securities are within the next five years. 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. The cash flows utilized in such analyses 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 and recognized at fair value on a non-recurring basis. The table includes information related to properties that were remeasured to fair value as a result of impairment testing during the years ended December 31, 2018 and 2017, excluding the properties sold prior to December 31, 2018 and 2017, respectively: Fair Value Measurements as of December 31, 2018 Balance Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Impairment of Real Estate Assets Assets: Properties (1)(2)(3) $ 31,725 $ — $ — $ 31,725 $ 16,303 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) Impairment of Real Estate Assets Assets: Properties (4)(5)(6) $ 73,303 $ — $ — $ 73,303 $ 17,195 (1) Excludes properties disposed of prior to December 31, 2018. (2) The carrying value of properties remeasured to fair value based upon offers from third party buyers during the year ended December 31, 2018 includes $26.1 million related to Westview Center. (3) The carrying value of properties remeasured to fair value based upon a discounted cash flow analysis during the year ended December 31, 2018 includes: (i) $2.9 million related to Skyway Plaza and (ii) $2.7 million related to Covington Gallery. The capitalization rates (ranging from 9.0% to 9.3% ) and discount rates (ranging from 6.0% to 10.4% ) which were utilized in the discounted cash flow analyses were based upon unobservable rates that the Company believes to be within a reasonable range of current market rates for each respective investment. (4) Excludes properties disposed of prior to December 31, 2017. (5) The carrying value of properties remeasured to fair value based upon offers from third party buyers during the year ended December 31, 2017 includes: (i) $46.9 million related to The Manchester Collection, (ii) $ 2.4 million related to Fashion Square, and (iii) $14.3 million related to Crossroads Centre. (6) The carrying value of properties remeasured to fair value based upon a discounted cash flow analysis during the year ended December 31, 2017 includes: (i) $7.8 million related to The Plaza at Salmon Run and (ii) $1.9 million related to Smith’s. 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 discounted cash flow analyses were based upon unobservable rates that the Company believes to be within a reasonable range of current market rates for each respective investment. |
Revenue Recognition
Revenue Recognition | 12 Months Ended |
Dec. 31, 2018 | |
Revenue Recognition [Abstract] | |
Revenue Recognition | Revenue Recognition Future minimum annual base rents as of December 31, 2018 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 costs, such as common area expenses, utilities, insurance and real estate taxes. Year ending December 31, 2019 $ 811,381 2020 709,230 2021 599,367 2022 490,087 2023 392,892 Thereafter 1,368,278 The Company recognized $6.6 million , $7.1 million and $5.9 million of rental income based on percentage rent for the years ended December 31, 2018, 2017 and 2016, respectively. As of December 31, 2018 and 2017, the estimated allowance associated with Company’s outstanding rent, expense reimbursement, and other revenue generating receivables, included in Receivables, net of allowance for doubtful accounts in the Company’s Consolidated Balance Sheets was $14.1 million and $12.1 million , respectively. In addition, as of December 31, 2018 and 2017, receivables associated with the effects of recognizing rental income on a straight-line basis were $120.6 million and $113.9 million , respectively net of the estimated allowance of $7.6 million and $5.1 million , respectively. |
Equity and Capital
Equity and Capital | 12 Months Ended |
Dec. 31, 2018 | |
Equity [Abstract] | |
Equity and Capital | Equity and Capital Share Repurchase Program In December 2017, the Board of Directors authorized a share repurchase program (the “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, 2018, the Company repurchased 6.3 million shares of common stock under the Program at an average price per share of $16.56 for a total of $104.6 million , excluding commissions. The Company incurred commissions of $0.1 million in conjunction with the program for the year ended December 31, 2018. During the year ended December 31, 2017, the Company repurchased 0.3 million shares of common stock under the Program at an average price per share of $17.94 for a total of $5.9 million , excluding commissions. The Company incurred commissions of less than $0.1 million in conjunction with the program for the year ended December 31, 2017. As of December 31, 2018, the Program had $289.5 million of available repurchase capacity. 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, 2018 and 2017, 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, through which it owns the Operating Partnership, and no material operations other than those conducted by the Operating Partnership, 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, 2018, 2017 and 2016, the Company declared common stock dividends and OP Unit distributions of $1.105 per share/unit, $1.055 per share/unit and $0.995 per share/unit, respectively. As of December 31, 2018 and 2017, the Company had declared but unpaid common stock dividends and OP Unit distributions of $85.3 million and $85.6 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, 2018, 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 year ended December 31, 2017, the Company exchanged 0.4 million shares of the Company’s common stock for an equal number of outstanding OP Units held by certain members of the Parent Company’s current and former management. During the year ended December 31, 2016, certain investments funds affiliated with The Blackstone Group L.P. completed multiple secondary offerings of the Parent Company’s common stock. In connection with these offerings, during the year ended December 31, 2016, the Company incurred $0.9 million 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, 2018 | |
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, 2018, 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, which are all subject to service-based vesting conditions. Certain tranches are also subject to performance-based or market-based vesting conditions, which contain a threshold, target, and maximum number of units which can be earned. The number of units actually earned for each tranche is determined based on performance during a specified performance period. Tranches that only have a service-based component can only earn a target number of units. The aggregate number of RSUs granted, assuming that the target level of performance is achieved, was 0.8 million , 0.6 million and 0.8 million for the years ended December 31, 2018, 2017 and 2016, 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’s grant date stock price. For the market-based RSUs granted during the years ended December 31, 2018 and 2017, 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 29.0% to 32.0% and 22.0% to 23.0% , respectively; (ii) a weighted average risk-free interest rate of 2.43% to 2.53% and 1.20% to 1.41% , respectively; and (iii) the Company’s weighted average common stock dividend yield of 5.6% and 4.0% to 4.6% , respectively. Information with respect to RSUs and LTIP Units for the years ended December 31, 2018, 2017 and 2016 are as follows (in thousands): Restricted Shares Aggregate Intrinsic Value 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 Vested (292 ) (5,060 ) Granted 822 13,016 Forfeited (268 ) (4,299 ) Outstanding, December 31, 2018 1,498 $ 30,631 During the years ended December 31, 2018, 2017 and 2016, the Company recognized $9.4 million , $10.5 million and $11.6 million of equity compensation expense, respectively. Equity compensation expense for the year ended December 31, 2016 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. These amounts are included in General and administrative expense in the Company’s Consolidated Statements of Operations. As of December 31, 2018, the Company had $11.4 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, 2018 | |
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 stockholders 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 Company’s common stock. The following table provides a reconciliation of the numerator and denominator of the EPS calculations for the years ended December 31, 2018, 2017 and 2016 (dollars in thousands, except per share data): Year Ended December 31, 2018 2017 2016 Computation of Basic Earnings Per Share: Net income $ 366,284 $ 300,369 $ 278,142 Net income attributable to non-controlling interests — (76 ) (2,514 ) Non-forfeitable dividends on unvested restricted shares (331 ) (37 ) (40 ) Preferred stock dividends — (39 ) (150 ) Net income attributable to the Company’s common stockholders for basic earnings per share $ 365,953 $ 300,217 $ 275,438 Weighted average number shares outstanding – basic 302,074 304,834 301,601 Basic earnings per share attributable to the Company’s common stockholders: Net income per share $ 1.21 $ 0.98 $ 0.91 Computation of Diluted Earnings Per Share: Net income attributable to the Company’s common stockholders for basic earnings per share $ 365,953 $ 300,217 $ 275,438 Allocation of net income to dilutive convertible non-controlling interests — 76 2,514 Net income attributable to the Company’s common stockholders for diluted earnings per share $ 365,953 $ 300,293 $ 277,952 Weighted average shares outstanding – basic 302,074 304,834 301,601 Effect of dilutive securities: Conversion of OP Units — 79 3,000 Equity awards 265 368 459 Weighted average shares outstanding – diluted 302,339 305,281 305,060 Diluted earnings per share attributable to the Company’s common stockholders: Net income per share $ 1.21 $ 0.98 $ 0.91 |
Earnings per Unit
Earnings per Unit | 12 Months Ended |
Dec. 31, 2018 | |
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 stockholders 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 Company’s common stock. The following table provides a reconciliation of the numerator and denominator of the EPS calculations for the years ended December 31, 2018, 2017 and 2016 (dollars in thousands, except per share data): Year Ended December 31, 2018 2017 2016 Computation of Basic Earnings Per Share: Net income $ 366,284 $ 300,369 $ 278,142 Net income attributable to non-controlling interests — (76 ) (2,514 ) Non-forfeitable dividends on unvested restricted shares (331 ) (37 ) (40 ) Preferred stock dividends — (39 ) (150 ) Net income attributable to the Company’s common stockholders for basic earnings per share $ 365,953 $ 300,217 $ 275,438 Weighted average number shares outstanding – basic 302,074 304,834 301,601 Basic earnings per share attributable to the Company’s common stockholders: Net income per share $ 1.21 $ 0.98 $ 0.91 Computation of Diluted Earnings Per Share: Net income attributable to the Company’s common stockholders for basic earnings per share $ 365,953 $ 300,217 $ 275,438 Allocation of net income to dilutive convertible non-controlling interests — 76 2,514 Net income attributable to the Company’s common stockholders for diluted earnings per share $ 365,953 $ 300,293 $ 277,952 Weighted average shares outstanding – basic 302,074 304,834 301,601 Effect of dilutive securities: Conversion of OP Units — 79 3,000 Equity awards 265 368 459 Weighted average shares outstanding – diluted 302,339 305,281 305,060 Diluted earnings per share attributable to the Company’s common stockholders: Net income per share $ 1.21 $ 0.98 $ 0.91 |
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 unitholders 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, 2018, 2017 and 2016 (dollars in thousands, except per unit data): Year Ended December 31, 2018 2017 2016 Computation of Basic Earnings Per Unit: Net income attributable to Brixmor Operating Partnership LP $ 366,284 $ 300,369 $ 278,142 Non-forfeitable dividends on unvested restricted units (331 ) (37 ) (40 ) Net income attributable to the Operating Partnership’s common units for basic earnings per unit $ 365,953 $ 300,332 $ 278,102 Weighted average number common units outstanding – basic 302,074 304,913 304,600 Basic earnings per unit attributable to the Operating Partnership’s common units: Net income per unit $ 1.21 $ 0.98 $ 0.91 Computation of Diluted Earnings Per Unit: Net income attributable to the Operating Partnership’s common units for diluted earnings per unit $ 365,953 $ 300,332 $ 278,102 Weighted average common units outstanding – basic 302,074 304,913 304,600 Effect of dilutive securities: Equity awards 265 368 459 Weighted average common units outstanding – diluted 302,339 305,281 305,059 Diluted earnings per unit attributable to the Operating Partnership’s common units: Net income per unit $ 1.21 $ 0.98 $ 0.91 |
Commitments and Contingencies
Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2018 | |
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 (“SDNY”) have been conducting investigations of certain aspects of the Company’s financial reporting and accounting for prior periods and the Company has been cooperating fully. The Company and the Staff of the SEC Enforcement Division have been discussing a possible negotiated resolution with respect to the SEC investigation. Agreement has been reached on the material terms of such a resolution, which is still subject to finalizing the necessary documents and obtaining approval by the SEC, which cannot be assured. The agreement provides for, among other things, (i) the Company consenting to a cease and desist order, without admitting or denying the findings therein, with respect to violations of Sections 10(b) and 13(a) of the Securities Exchange Act of 1934, certain related rules and Rule 100(b) of Regulation G and (ii) the payment of a civil penalty of $7.0 million . The Company has accrued an expense of $7.0 million for this contingent liability for the quarter ended December 31, 2018. This amount is included in General and administrative in the Company's Consolidated Statements of Operations. The Company believes that no additional proceedings relating to these matters will be brought against the Company. The Company understands that the SEC and SDNY inquiries into these matters with respect to certain former employees are ongoing. As previously disclosed, 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 Board of Directors. Pursuant to the approved settlement, without any admission of liability, the Company will pay $28.0 million to settle the claims. This amount is within the coverage amount of the Company’s applicable insurance policies and has been funded into escrow by the insurance carriers. 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. During the year ended December 31, 2018, $8.5 million of the settlement amount was released from escrow per the court approved settlement agreement for the payment of plaintiff’s legal fees. The remaining settlement balance of $19.5 million remains in escrow pending final class distribution. As of December 31, 2018, the $19.5 million 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 $19.5 million as of December 31, 2018. This amount is included in Accounts receivable, net in the Company’s Consolidated Balance Sheets. As previously disclosed, certain institutional investors elected to opt out of the class action settlement and accordingly were not bound by the release and will not receive any of the class action settlement proceeds. On October 10, 2018, the Company entered into an agreement to settle these claims for $8.0 million . This amount, which was paid in full during the year ended December 31, 2018, was within the coverage amount of the Company’s applicable insurance policies and was paid by the insurance carriers. 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 opt out lawsuit. 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, 2018, 2017 and 2016, the Company recognized rent expense associated with these leases of $7.1 million , $7.5 million and $8.3 million , respectively. Minimum annual rental commitments associated with these leases during the next five years and thereafter are as follows: Year ending December 31, 2019 $ 6,929 2020 6,948 2021 7,157 2022 7,233 2023 5,827 Thereafter 43,876 Total minimum annual rental commitments $ 77,970 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 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, 2018 and 2017 is summarized as follows (in thousands): Year End December 31, 2018 2017 Balance at the beginning of the year $ 13,295 $ 15,045 Incurred related to: Current year 3,833 4,205 Prior years (1,624 ) (3,157 ) Total incurred 2,209 1,048 Paid related to: Current year (336 ) (299 ) Prior years (2,698 ) (2,499 ) Total paid (3,034 ) (2,798 ) Balance at the end of the year $ 12,470 $ 13,295 Environmental matters Under various federal, state and local laws, ordinances and regulations, the Company may be or become liable for the costs of removal or remediation of certain hazardous or toxic substances released on or in the Company’s property or disposed of by the Company or its tenants, as well as certain other potential costs which could relate to hazardous or toxic substances (including governmental 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, 2018 | |
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 the Company’s 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 before January 1, 2018) 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 other taxes of $2.6 million , $2.4 million and $3.3 million for the years ended December 31, 2018, 2017 and 2016. 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, 2018 | |
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 real estate assets, including real estate assets owned through joint ventures. 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 . Based on an August 2017 appraisal, the value of the residence was $3.9 million . The Company disposed of the residence during the year ending December 31, 2018. As of December 31, 2018 and 2017, there were no material receivables from or payables to related parties. |
Retirement Plan
Retirement Plan | 12 Months Ended |
Dec. 31, 2018 | |
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, 2018, 2017 and 2016, the Company’s expense for the Savings Plan was approximately $1.4 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, 2018 | |
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, 2018 and 2017 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, 2018 Total revenues $ 317,175 $ 313,030 $ 306,480 $ 297,655 Net income attributable to common stockholders $ 61,022 $ 80,362 $ 147,346 $ 77,554 Net income attributable to common stockholders per share: Basic (1) $ 0.20 $ 0.27 $ 0.49 $ 0.26 Diluted (1) $ 0.20 $ 0.26 $ 0.49 $ 0.26 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 (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, 2018 and 2017 due to rounding. Brixmor Operating Partnership LP First Quarter Second Quarter Third Quarter Fourth Quarter Year Ended December 31, 2018 Total revenues $ 317,175 $ 313,030 $ 306,480 $ 297,655 Net income attributable to partnership common units $ 61,022 $ 80,362 $ 147,346 $ 77,554 Net income attributable to common unitholders per unit: Basic (1) $ 0.20 $ 0.27 $ 0.49 $ 0.26 Diluted (1) $ 0.20 $ 0.26 $ 0.49 $ 0.26 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 (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, 2018 and 2017 due to rounding. |
Subsequent Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2018 | |
Subsequent Events [Abstract] | |
Subsequent Events | Subsequent Events In preparing the Consolidated Financial Statements, the Company has evaluated events and transactions occurring after December 31, 2018 for recognition and/or disclosure purposes. Based on this evaluation, there were no subsequent events from December 31, 2018 through the date the financial statements were issued. |
Schedule II - Valuation and Qua
Schedule II - Valuation and Qualifying Accounts | 12 Months Ended |
Dec. 31, 2018 | |
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, 2018 $ 17,205 $ 10,082 $ (5,563 ) $ 21,724 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 |
Schedule III - Real Estate and
Schedule III - Real Estate and Accumulated Depreciation | 12 Months Ended |
Dec. 31, 2018 | |
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 Springdale Mobile, AL $ — $ 7,460 $ 33,085 $ 17,705 $ 7,460 $ 50,790 $ 58,250 $ (13,552 ) 2004 Jun-11 40 years Payton Park Sylacauga, AL — 1,830 14,335 486 1,830 14,821 16,651 (5,534 ) 1995 Jun-11 40 years Glendale Galleria Glendale, AZ — 4,070 6,894 9,324 4,070 16,218 20,288 (3,770 ) 1991 Jun-11 40 years Northmall Centre Tucson, AZ — 3,140 17,966 2,383 3,140 20,349 23,489 (5,798 ) 1996 Jun-11 40 years Applegate Ranch Shopping Center Atwater, CA — 4,033 25,397 1,541 4,033 26,938 30,971 (6,865 ) 2006 Oct-13 40 years Bakersfield Plaza Bakersfield, CA — 4,000 24,893 10,813 4,502 35,204 39,706 (11,270 ) 1970 Jun-11 40 years Carmen Plaza Camarillo, CA — 5,410 19,522 2,073 5,410 21,595 27,005 (6,545 ) 2000 Jun-11 40 years Plaza Rio Vista Cathedral, CA — 2,465 12,575 234 2,465 12,809 15,274 (2,720 ) 2005 Oct-13 40 years Cudahy Plaza Cudahy, CA — 4,490 12,276 10,373 4,778 22,361 27,139 (3,096 ) 1994 Jun-11 40 years University Mall Davis, CA — 4,270 18,056 2,016 4,270 20,072 24,342 (5,986 ) 1964 Jun-11 40 years Felicita Plaza Escondido, CA — 4,280 12,434 954 4,280 13,388 17,668 (4,222 ) 2001 Jun-11 40 years Felicita Town Center Escondido, CA — 11,231 31,324 287 11,230 31,612 42,842 (3,601 ) 1987 Dec-16 40 years Arbor - Broadway Faire Fresno, CA — 5,940 33,885 2,304 5,940 36,189 42,129 (11,267 ) 1995 Jun-11 40 years Lompoc Center Lompoc, CA — 4,670 15,515 4,745 4,670 20,260 24,930 (7,348 ) 1960 Jun-11 40 years Briggsmore Plaza Modesto, CA — 2,140 10,358 3,111 2,140 13,469 15,609 (3,974 ) 1998 Jun-11 40 years Montebello Plaza Montebello, CA — 13,360 32,536 7,169 13,360 39,705 53,065 (12,783 ) 1974 Jun-11 40 years California Oaks Center Murrieta, CA — 5,180 13,649 5,801 5,180 19,450 24,630 (4,146 ) 1990 Jun-11 40 years Pacoima Center Pacoima, CA — 7,050 15,932 739 7,050 16,671 23,721 (7,329 ) 1995 Jun-11 40 years Metro 580 Pleasanton, CA — 10,500 19,243 1,675 10,500 20,918 31,418 (6,666 ) 1996 Jun-11 40 years Rose Pavilion Pleasanton, CA — 19,619 60,212 14,378 19,619 74,590 94,209 (15,352 ) 2018 Jun-11 40 years Puente Hills Town Center Rowland Heights, CA — 15,670 38,703 5,638 15,670 44,341 60,011 (11,256 ) 1984 Jun-11 40 years Ocean View Plaza San Clemente, CA — 15,750 29,741 2,124 15,750 31,865 47,615 (8,511 ) 1990 Jun-11 40 years Village at Mira Mesa San Diego, CA — 14,870 70,850 15,934 14,870 86,784 101,654 (18,600 ) 2018 Jun-11 40 years San Dimas Plaza San Dimas, CA — 11,490 20,513 7,879 15,101 24,781 39,882 (6,188 ) 1986 Jun-11 40 years Bristol Plaza Santa Ana, CA — 9,110 21,143 3,025 9,722 23,556 33,278 (6,293 ) 2003 Jun-11 40 years Gateway Plaza Santa Fe Springs, CA — 9,980 30,113 2,372 9,980 32,485 42,465 (9,871 ) 2002 Jun-11 40 years Santa Paula Center Santa Paula, CA — 3,520 17,776 1,082 3,520 18,858 22,378 (6,657 ) 1995 Jun-11 40 years Vail Ranch Center Temecula, CA — 3,750 22,016 1,669 3,750 23,685 27,435 (7,642 ) 2003 Jun-11 40 years Country Hills Shopping Center Torrance, CA — 3,589 8,683 (291 ) 3,589 8,392 11,981 (2,202 ) 1977 Jun-11 40 years Gateway Plaza - Vallejo Vallejo, CA — 11,880 67,358 21,588 12,947 87,879 100,826 (21,922 ) 2018 Jun-11 40 years Plaza By The Sea San Clemente, CA — 9,607 5,461 236 9,607 5,697 15,304 (365 ) 1976 Dec-17 40 years Upland Town Square Upland, CA — 9,051 23,126 181 9,051 23,307 32,358 (1,557 ) 1994 Nov-17 40 years Arvada Plaza Arvada, CO — 1,160 7,378 495 1,160 7,873 9,033 (3,838 ) 1994 Jun-11 40 years Arapahoe Crossings Aurora, CO — 13,676 54,786 15,587 13,676 70,373 84,049 (14,130 ) 1996 Jul-13 40 years Aurora Plaza Aurora, CO — 3,910 9,146 1,790 3,910 10,936 14,846 (5,627 ) 1996 Jun-11 40 years Villa Monaco Denver, CO — 3,090 6,189 4,475 3,090 10,664 13,754 (2,582 ) 1978 Jun-11 40 years Superior Marketplace Superior, CO — 7,090 35,610 5,690 7,090 41,300 48,390 (11,143 ) 1997 Jun-11 40 years Westminster City Center Westminster, CO — 6,040 41,608 9,715 6,040 51,323 57,363 (12,728 ) 1996 Jun-11 40 years The Shoppes at Fox Run Glastonbury, CT — 3,550 22,683 3,716 3,600 26,349 29,949 (7,466 ) 1974 Jun-11 40 years Groton Square Groton, CT — 2,730 27,972 1,571 2,730 29,543 32,273 (9,610 ) 1987 Jun-11 40 years Parkway Plaza Hamden, CT — 4,100 7,709 143 4,100 7,852 11,952 (2,715 ) 2006 Jun-11 40 years The Manchester Collection Manchester, CT — 9,180 50,914 (1,770 ) 9,180 49,144 58,324 (13,077 ) 2001 Jun-11 40 years Chamberlain Plaza Meriden, CT — 1,260 4,480 835 1,260 5,315 6,575 (2,285 ) 2004 Jun-11 40 years Turnpike Plaza Newington, CT — 3,920 23,847 20 3,920 23,867 27,787 (7,885 ) 2004 Jun-11 40 years North Haven Crossing North Haven, CT — 5,430 15,959 2,441 5,430 18,400 23,830 (5,192 ) 1993 Jun-11 40 years Christmas Tree Plaza Orange, CT — 4,870 14,844 1,976 4,870 16,820 21,690 (5,204 ) 1996 Jun-11 40 years Stratford Square Stratford, CT — 5,860 11,758 6,878 5,860 18,636 24,496 (4,661 ) 1984 Jun-11 40 years Torrington Plaza Torrington, CT — 2,180 12,843 3,546 2,180 16,389 18,569 (4,680 ) 1994 Jun-11 40 years Waterbury Plaza Waterbury, CT — 5,030 17,109 2,215 5,030 19,324 24,354 (6,385 ) 2000 Jun-11 40 years Waterford Commons Waterford, CT — 4,990 44,164 5,033 4,990 49,197 54,187 (14,113 ) 2004 Jun-11 40 years North Dover Center Dover, DE — 3,100 18,584 2,632 3,100 21,216 24,316 (6,205 ) 1989 Jun-11 40 years Coastal Way - Coastal Landing Brooksville, FL — 8,840 33,020 4,545 8,840 37,565 46,405 (12,586 ) 2008 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 Clearwater Mall Clearwater, FL — 15,300 52,615 4,563 15,300 57,178 72,478 (13,812 ) 1973 Jun-11 40 years Coconut Creek Plaza Coconut Creek, FL — 7,400 24,708 4,614 7,400 29,322 36,722 (7,572 ) 2005 Jun-11 40 years Century Plaza Shopping Center Deerfield Beach, FL — 3,050 7,974 4,687 3,050 12,661 15,711 (2,925 ) 2006 Jun-11 40 years Northgate Shopping Center DeLand, FL — 3,500 8,755 3,285 3,500 12,040 15,540 (2,368 ) 1993 Jun-11 40 years Sun Plaza Ft. Walton Beach, FL — 4,480 12,544 729 4,480 13,273 17,753 (5,149 ) 2004 Jun-11 40 years Normandy Square Jacksonville, FL — 1,930 5,384 1,210 1,930 6,594 8,524 (2,610 ) 1996 Jun-11 40 years Regency Park Shopping Center Jacksonville, FL — 6,240 14,206 1,827 6,240 16,033 22,273 (5,138 ) 1985 Jun-11 40 years The Shoppes at Southside Jacksonville, FL — 6,720 18,597 172 6,720 18,769 25,489 (5,756 ) 2004 Jun-11 40 years Ventura Downs Kissimmee, FL — 3,580 7,336 943 3,580 8,279 11,859 (2,071 ) 2018 Jun-11 40 years Marketplace at Wycliffe Lake Worth, FL — 7,930 13,500 1,770 7,930 15,270 23,200 (3,382 ) 2002 Jun-11 40 years Venetian Isle Shopping Ctr Lighthouse Point, FL — 8,270 14,774 1,617 8,270 16,391 24,661 (5,022 ) 1992 Jun-11 40 years Marco Town Center Marco Island, FL — 7,235 26,412 1,078 7,235 27,490 34,725 (5,201 ) 1998 Oct-13 40 years Mall at 163rd Street Miami, FL — 9,450 34,227 3,176 9,450 37,403 46,853 (9,672 ) 2007 Jun-11 40 years Miami Gardens Miami, FL — 8,876 14,110 1,084 8,876 15,194 24,070 (4,669 ) 1996 Jun-11 40 years Freedom Square Naples, FL — 4,735 12,369 1,531 4,735 13,900 18,635 (3,548 ) 1995 Jun-11 40 years Naples Plaza Naples, FL — 9,200 20,513 10,363 9,200 30,876 40,076 (8,682 ) 2013 Jun-11 40 years Park Shore Plaza Naples, FL — 4,750 13,812 21,196 7,245 32,513 39,758 (6,601 ) 2018 Jun-11 40 years Chelsea Place New Port Richey, FL — 3,303 9,701 486 3,303 10,187 13,490 (2,682 ) 1992 Oct-13 40 years Presidential Plaza West North Lauderdale, FL — 2,070 5,430 724 2,070 6,154 8,224 (1,619 ) 2006 Jun-11 40 years Colonial Marketplace Orlando, FL — 4,230 19,806 2,673 4,230 22,479 26,709 (6,644 ) 1986 Jun-11 40 years Conway Crossing Orlando, FL — 3,163 12,181 826 3,163 13,007 16,170 (3,268 ) 2002 Oct-13 40 years Hunter's Creek Plaza Orlando, FL — 3,589 5,891 1,461 3,589 7,352 10,941 (1,661 ) 1998 Oct-13 40 years Pointe Orlando Orlando, FL — 6,120 54,646 25,907 6,120 80,553 86,673 (19,631 ) 1997 Jun-11 40 years Martin Downs Town Center Palm City, FL — 1,660 9,749 186 1,660 9,935 11,595 (1,883 ) 1996 Oct-13 40 years Martin Downs Village Center Palm City, FL — 5,319 28,399 1,768 5,319 30,167 35,486 (6,451 ) 1987 Jun-11 40 years 23rd Street Station Panama City, FL — 3,120 7,175 1,595 3,120 8,770 11,890 (2,843 ) 1995 Jun-11 40 years Panama City Square Panama City, FL — 5,690 9,191 4,054 5,690 13,245 18,935 (4,249 ) 1989 Jun-11 40 years East Port Plaza Port St. Lucie, FL — 4,099 22,325 305 4,099 22,630 26,729 (5,467 ) 1991 Oct-13 40 years Shoppes of Victoria Square Port St. Lucie, FL — 3,450 6,205 1,073 3,450 7,278 10,728 (2,450 ) 1990 Jun-11 40 years Lake St. Charles Riverview, FL — 2,801 6,909 128 2,801 7,037 9,838 (1,443 ) 1999 Oct-13 40 years Cobblestone Village Royal Palm Beach, FL — 2,700 4,974 710 2,700 5,684 8,384 (1,302 ) 2005 Jun-11 40 years Beneva Village Shoppes Sarasota, FL — 4,013 18,209 2,328 4,013 20,537 24,550 (4,111 ) 2018 Oct-13 40 years Sarasota Village Sarasota, FL — 5,190 12,476 3,607 5,190 16,083 21,273 (4,432 ) 1972 Jun-11 40 years Atlantic Plaza Satellite Beach, FL — 2,630 10,926 1,704 2,630 12,630 15,260 (3,422 ) 2008 Jun-11 40 years Seminole Plaza Seminole, FL — 3,870 7,934 2,132 3,870 10,066 13,936 (2,199 ) 1964 Jun-11 40 years Cobblestone Village St. Augustine, FL — 7,710 33,310 3,458 7,710 36,768 44,478 (10,504 ) 2003 Jun-11 40 years Dolphin Village St. Pete Beach, FL — 9,882 15,752 964 9,882 16,716 26,598 (3,824 ) 1990 Oct-13 40 years Bay Pointe Plaza St. Petersburg, FL — 4,025 11,745 8,015 4,025 19,760 23,785 (2,890 ) 2016 Oct-13 40 years Rutland Plaza St. Petersburg, FL — 3,880 8,143 982 3,880 9,125 13,005 (3,150 ) 2002 Jun-11 40 years Skyway Plaza St. Petersburg, FL — 2,200 7,178 (3,556 ) 977 4,845 5,822 (3,142 ) 2002 Jun-11 40 years Tyrone Gardens St. Petersburg, FL — 5,690 9,802 2,086 5,690 11,888 17,578 (4,008 ) 1998 Jun-11 40 years Downtown Publix Stuart, FL — 1,770 12,630 1,220 1,770 13,850 15,620 (3,968 ) 2000 Jun-11 40 years Sunrise Town Center Sunrise, FL — 7,856 9,317 1,659 7,856 10,976 18,832 (3,777 ) 1989 Oct-13 40 years Carrollwood Center Tampa, FL — 3,749 14,663 1,198 3,749 15,861 19,610 (4,137 ) 2002 Oct-13 40 years Ross Plaza Tampa, FL — 2,808 11,769 835 2,808 12,604 15,412 (2,931 ) 1996 Oct-13 40 years Tarpon Mall Tarpon Springs, FL — 7,800 13,755 4,049 7,800 17,804 25,604 (5,948 ) 2003 Jun-11 40 years Venice Plaza Venice, FL — 3,245 14,428 493 3,245 14,921 18,166 (2,619 ) 1999 Oct-13 40 years Venice Shopping Center Venice, FL — 2,555 6,749 469 2,555 7,218 9,773 (1,851 ) 2000 Oct-13 40 years Venice Village Venice, FL — 7,157 26,631 161 7,157 26,792 33,949 (1,929 ) 1989 Nov-17 40 years Albany Plaza Albany, GA — 1,840 3,072 817 1,840 3,889 5,729 (1,143 ) 1995 Jun-11 40 years Mansell Crossing Alpharetta, GA — 19,840 33,052 5,791 19,840 38,843 58,683 (11,140 ) 1993 Jun-11 40 years Perlis Plaza Americus, GA — 1,170 4,738 768 1,170 5,506 6,676 (2,242 ) 1972 Jun-11 40 years Northeast Plaza Atlanta, GA — 6,907 37,386 1,714 6,907 39,100 46,007 (10,720 ) 1952 Jun-11 40 years Augusta West Plaza Augusta, GA — 1,070 5,871 1,971 1,070 7,842 8,912 (2,017 ) 2006 Jun-11 40 years Sweetwater Village Austell, GA — 1,080 3,033 799 1,080 3,832 4,912 (1,550 ) 1985 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 Vineyards at Chateau Elan Braselton, GA — 2,202 14,401 592 2,202 14,993 17,195 (3,122 ) 2002 Oct-13 40 years Cedar Plaza Cedartown, GA — 1,550 4,342 703 1,550 5,045 6,595 (1,746 ) 1994 Jun-11 40 years Conyers Plaza Conyers, GA — 3,870 11,649 1,907 3,870 13,556 17,426 (4,782 ) 2001 Jun-11 40 years Cordele Square Cordele, GA — 2,050 5,540 563 2,050 6,103 8,153 (2,629 ) 2002 Jun-11 40 years Covington Gallery Covington, GA — 3,280 8,416 (5,965 ) 906 4,825 5,731 (3,157 ) 1991 Jun-11 40 years Salem Road Station Covington, GA — 670 11,395 621 670 12,016 12,686 (2,756 ) 2000 Oct-13 40 years Keith Bridge Commons Cumming, GA — 1,501 14,841 529 1,601 15,270 16,871 (3,791 ) 2002 Oct-13 40 years Northside Dalton, GA — 1,320 3,950 886 1,320 4,836 6,156 (1,978 ) 2001 Jun-11 40 years Cosby Station Douglasville, GA — 2,650 6,553 534 2,650 7,087 9,737 (2,161 ) 1994 Jun-11 40 years Park Plaza Douglasville, GA — 1,470 2,489 1,289 1,470 3,778 5,248 (845 ) 1986 Jun-11 40 years Westgate Dublin, GA — 1,450 3,742 446 1,450 4,188 5,638 (1,361 ) 2004 Jun-11 40 years Venture Pointe Duluth, GA — 2,460 7,933 5,556 2,460 13,489 15,949 (5,137 ) 1995 Jun-11 40 years Banks Station Fayetteville, GA — 3,490 12,240 1,629 3,490 13,869 17,359 (5,409 ) 2006 Jun-11 40 years Barrett Place Kennesaw, GA — 6,990 13,953 1,390 6,990 15,343 22,333 (5,884 ) 1992 Jun-11 40 years Shops of Huntcrest Lawrenceville, GA — 2,093 17,790 663 2,093 18,453 20,546 (3,700 ) 2003 Oct-13 40 years Mableton Walk Mableton, GA — 1,645 9,384 1,046 1,645 10,430 12,075 (2,960 ) 1994 Jun-11 40 years The Village at Mableton Mableton, GA — 2,040 5,149 2,464 2,040 7,613 9,653 (2,232 ) 1959 Jun-11 40 years Marshalls at Eastlake Marietta, GA — 2,650 2,667 1,013 2,650 3,680 6,330 (1,186 ) 1982 Jun-11 40 years New Chastain Corners Marietta, GA — 3,090 8,071 1,469 3,090 9,540 12,630 (3,048 ) 2004 Jun-11 40 years Pavilions at Eastlake Marietta, GA — 4,770 11,179 2,789 4,770 13,968 18,738 (4,526 ) 1996 Jun-11 40 years Creekwood Village Rex, GA — 1,400 4,752 383 1,400 5,135 6,535 (1,895 ) 1990 Jun-11 40 years Holcomb Bridge Crossing Roswell, GA — 1,170 5,418 3,904 1,170 9,322 10,492 (3,340 ) 1988 Jun-11 40 years Victory Square Savannah, GA — 6,080 14,618 479 6,080 15,097 21,177 (4,026 ) 2007 Jun-11 40 years Stockbridge Village Stockbridge, GA — 6,210 16,405 3,633 6,210 20,038 26,248 (7,118 ) 2008 Jun-11 40 years Stone Mountain Festival Stone Mountain, GA — 5,740 16,640 1,657 5,740 18,297 24,037 (7,732 ) 2006 Jun-11 40 years Wilmington Island Wilmington Island, GA — 2,630 7,894 1,259 2,630 9,153 11,783 (2,262 ) 1985 Oct-13 40 years Haymarket Mall Des Moines, IA — 2,320 9,604 683 2,320 10,287 12,607 (4,110 ) 1979 Jun-11 40 years Haymarket Square Des Moines, IA — 3,360 9,192 4,497 3,360 13,689 17,049 (4,333 ) 1979 Jun-11 40 years Annex of Arlington Arlington Heights, IL — 3,769 14,895 13,178 4,373 27,469 31,842 (6,669 ) 1999 Jun-11 40 years Ridge Plaza Arlington Heights, IL — 3,720 9,807 5,220 3,720 15,027 18,747 (6,086 ) 2000 Jun-11 40 years Bartonville Square Bartonville, IL — 480 3,575 149 480 3,724 4,204 (1,485 ) 2001 Jun-11 40 years Southfield Plaza Bridgeview, IL — 5,880 18,251 1,868 5,880 20,119 25,999 (7,846 ) 2006 Jun-11 40 years Commons of Chicago Ridge Chicago Ridge, IL — 4,310 38,878 5,850 4,310 44,728 49,038 (14,259 ) 1998 Jun-11 40 years Rivercrest Shopping Center Crestwood, IL — 7,010 39,822 17,254 11,010 53,076 64,086 (16,113 ) 1992 Jun-11 40 years The Commons of Crystal Lake Crystal Lake, IL — 3,660 31,770 4,086 3,660 35,856 39,516 (10,172 ) 1987 Jun-11 40 years Elk Grove Town Center Elk Grove Village, IL — 3,010 13,171 1,014 3,010 14,185 17,195 (2,972 ) 1998 Jun-11 40 years Freeport Plaza Freeport, IL — 660 5,614 80 660 5,694 6,354 (3,053 ) 2000 Jun-11 40 years Westview Center Hanover Park, IL — 6,130 27,290 639 4,958 29,101 34,059 (9,393 ) 1989 Jun-11 40 years The Quentin Collection Kildeer, IL — 5,780 25,711 1,961 6,002 27,450 33,452 (7,391 ) 2006 Jun-11 40 years Butterfield Square Libertyville, IL — 3,430 13,276 2,834 3,430 16,110 19,540 (4,761 ) 1997 Jun-11 40 years High Point Centre Lombard, IL — 7,510 18,417 5,942 7,510 24,359 31,869 (4,787 ) 2018 Jun-11 40 years Long Meadow Commons Mundelein, IL — 4,700 11,381 2,374 4,700 13,755 18,455 (5,375 ) 1997 Jun-11 40 years Westridge Court Naperville, IL — 10,560 66,222 14,102 10,560 80,324 90,884 (20,078 ) 1992 Jun-11 40 years Rollins Crossing Round Lake Beach, IL — 3,040 23,144 1,538 3,040 24,682 27,722 (8,470 ) 1998 Jun-11 40 years Twin Oaks Shopping Center Silvis, IL — 1,300 6,896 148 1,300 7,044 8,344 (2,413 ) 1991 Jun-11 40 years Tinley Park Plaza Tinley Park, IL — 12,250 20,624 4,748 12,250 25,372 37,622 (6,288 ) 1973 Jun-11 40 years Meridian Village Carmel, IN — 2,089 7,194 2,262 2,089 9,456 11,545 (3,079 ) 1990 Jun-11 40 years Columbus Center Columbus, IN — 1,480 13,803 4,281 1,480 18,084 19,564 (4,692 ) 1964 Jun-11 40 years Apple Glen Crossing Fort Wayne, IN — 2,550 19,742 760 2,550 20,502 23,052 (6,128 ) 2002 Jun-11 40 years Market Centre Goshen, IN — 1,765 14,231 4,672 1,765 18,903 20,668 (5,739 ) 1994 Jun-11 40 years Marwood Plaza Indianapolis, IN — 1,720 5,457 831 1,720 6,288 8,008 (1,848 ) 1992 Jun-11 40 years Westlane Shopping Center Indianapolis, IN — 870 2,603 1,090 870 3,693 4,563 (1,381 ) 1968 Jun-11 40 years Valley View Plaza Marion, IN — 440 3,020 200 440 3,220 3,660 (945 ) 1997 Jun-11 40 years Lincoln Plaza New Haven, IN — 780 6,247 1,537 780 7,784 8,564 (2,154 ) 1968 Jun-11 40 years Speedway Super Center Speedway, IN — 8,410 48,742 15,124 8,410 63,866 72,276 (15,150 ) 2018 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 Sagamore Park Centre West Lafayette, IN — 2,390 10,865 2,133 2,390 12,998 15,388 (4,339 ) 2018 Jun-11 40 years Westchester Square Lenexa, KS — 3,250 13,884 2,954 3,250 16,838 20,088 (4,831 ) 1987 Jun-11 40 years West Loop Shopping Center Manhattan, KS — 2,800 10,248 6,599 2,800 16,847 19,647 (5,011 ) 2013 Jun-11 40 years North Dixie Plaza Elizabethtown, KY — 2,370 4,522 921 2,370 5,443 7,813 (1,241 ) 1992 Jun-11 40 years Florence Plaza - Florence Square Florence, KY — 9,380 45,888 20,091 11,014 64,345 75,359 (16,993 ) 2014 Jun-11 40 years Jeffersontown Commons Jeffersontown, KY — 3,920 14,437 964 3,920 15,401 19,321 (6,058 ) 1959 Jun-11 40 years London Marketplace London, KY — 1,400 8,268 414 1,400 8,682 10,082 (2,353 ) 1994 Jun-11 40 years Eastgate Shopping Center Louisville, KY — 4,300 13,482 2,636 4,300 16,118 20,418 (6,133 ) 2002 Jun-11 40 years Plainview Village Louisville, KY — 2,600 9,631 1,659 2,600 11,290 13,890 (3,378 ) 1997 Jun-11 40 years Stony Brook I & II Louisville, KY — 3,650 17,540 1,812 3,650 19,352 23,002 (5,957 ) 1988 Jun-11 40 years Towne Square North Owensboro, KY — 2,230 8,946 444 2,230 9,390 11,620 (3,817 ) 1988 Jun-11 40 years Karam Shopping Center Lafayette, LA — 410 2,955 446 410 3,401 3,811 (1,532 ) 1970 Jun-11 40 years The Pines Shopping Center Pineville, LA — 3,080 7,035 157 3,080 7,192 10,272 (1,783 ) 1991 Jun-11 40 years Points West Plaza Brockton, MA — 2,200 10,492 1,595 2,200 12,087 14,287 (4,467 ) 1960 Jun-11 40 years Burlington Square I, II & III Burlington, MA — 4,690 12,697 2,255 4,690 14,952 19,642 (4,225 ) 1992 Jun-11 40 years Holyoke Shopping Center Holyoke, MA — 3,110 11,903 1,241 3,110 13,144 16,254 (4,656 ) 2000 Jun-11 40 years WaterTower Plaza Leominster, MA — 10,400 39,499 3,457 10,400 42,956 53,356 (13,708 ) 2000 Jun-11 40 years Lunenberg Crossing Lunenburg, MA — 930 1,668 1,083 930 2,751 3,681 (574 ) 1994 Jun-11 40 years Lynn Marketplace Lynn, MA — 3,100 5,615 2,255 3,100 7,870 10,970 (2,203 ) 1968 Jun-11 40 years Webster Square Shopping Center Marshfield, MA — 5,532 27,107 488 5,532 27,595 33,127 (4,420 ) 2005 Jun-15 40 years Berkshire Crossing Pittsfield, MA — 5,210 38,733 2,905 5,210 41,638 46,848 (13,984 ) 1994 Jun-11 40 years Westgate Plaza Westfield, MA — 2,250 9,669 989 2,250 10,658 12,908 (3,767 ) 1996 Jun-11 40 years Perkins Farm Marketplace Worcester, MA — 2,150 16,403 3,034 2,150 19,437 21,587 (6,357 ) 1967 Jun-11 40 years South Plaza Shopping Center California, MD — 2,174 23,209 168 2,174 23,377 25,551 (4,602 ) 2005 Oct-13 40 years Campus Village Shoppes College Park, MD — 1,660 4,955 684 1,660 5,639 7,299 (1,414 ) 1986 Jun-11 40 years Fox Run Prince Frederick, MD — 3,560 31,065 3,198 3,560 34,263 37,823 (10,928 ) 1997 Jun-11 40 years Pine Tree Shopping Center Portland, ME — 2,860 18,988 1,858 2,860 20,846 23,706 (8,569 ) 1958 Jun-11 40 years Arborland Center Ann Arbor, MI — 20,175 89,903 499 20,175 90,402 110,577 (10,479 ) 2000 Mar-17 40 years Maple Village Ann Arbor, MI — 3,200 15,884 30,032 3,200 45,916 49,116 (5,939 ) 2018 Jun-11 40 years Grand Crossing Brighton, MI — 1,780 7,487 2,129 1,780 9,616 11,396 (3,356 ) 2005 Jun-11 40 years Farmington Crossroads Farmington, MI — 1,620 4,340 1,962 1,620 6,302 7,922 (2,188 ) 1986 Jun-11 40 years Silver Pointe Shopping Center Fenton, MI — 3,840 12,226 1,596 3,840 13,822 17,662 (5,133 ) 1996 Jun-11 40 years Cascade East Grand Rapids, MI — 1,280 4,802 1,414 1,280 6,216 7,496 (2,469 ) 1983 Jun-11 40 years Delta Center Lansing, MI — 1,580 9,187 1,907 1,580 11,094 12,674 (4,876 ) 1985 Jun-11 40 years Lakes Crossing Muskegon, MI — 1,440 13,457 2,915 1,440 16,372 17,812 (5,086 ) 2008 Jun-11 40 years Redford Plaza Redford, MI — 7,510 17,450 5,188 7,510 22,638 30,148 (7,297 ) 1992 Jun-11 40 years Hampton Village Centre Rochester Hills, MI — 5,370 47,094 13,434 5,370 60,528 65,898 (18,464 ) 2004 Jun-11 40 years Fashion Corners Saginaw, MI — 1,940 17,703 663 1,940 18,366 20,306 (6,190 ) 2004 Jun-11 40 years Green Acres Saginaw, MI — 2,170 7,978 4,784 2,170 12,762 14,932 (4,579 ) 2018 Jun-11 40 years Southfield Plaza Southfield, MI — 1,320 3,379 2,394 1,320 5,773 7,093 (2,040 ) 1970 Jun-11 40 years 18 Ryan Sterling Heights, MI — 3,160 8,794 943 3,160 9,737 12,897 (2,452 ) 1997 Jun-11 40 years Delco Plaza Sterling Heights, MI — 2,860 4,852 1,285 2,860 6,137 8,997 (2,312 ) 1996 Jun-11 40 years West Ridge Westland, MI — 1,800 5,223 5,555 1,800 10,778 12,578 (2,952 ) 1989 Jun-11 40 years Washtenaw Fountain Plaza Ypsilanti, MI — 2,030 6,890 1,068 2,030 7,958 9,988 (3,225 ) 2005 Jun-11 40 years Southport Centre I - VI Apple Valley, MN — 4,602 18,358 615 4,602 18,973 23,575 (4,891 ) 1985 Jun-11 40 years Burning Tree Plaza Duluth, MN — 4,790 15,761 639 4,790 16,400 21,190 (5,159 ) 1987 Jun-11 40 years Elk Park Center Elk River, MN — 3,770 18,255 1,143 3,770 19,398 23,168 (6,617 ) 1999 Jun-11 40 years Westwind Plaza Minnetonka, MN — 2,630 11,382 1,158 2,630 12,540 15,170 (3,302 ) 2007 Jun-11 40 years Richfield Hub Richfield, MN — 7,748 18,517 1,702 7,748 20,219 27,967 (5,098 ) 1952 Jun-11 40 years Roseville Center Roseville , MN — 1,620 8,364 594 1,620 8,958 10,578 (2,459 ) 2000 Jun-11 40 years Marketplace 42 Savage, MN — 5,150 11,489 4,946 5,150 16,435 21,585 (3,693 ) 1999 Jun-11 40 years Sun Ray Shopping Center St. Paul, MN — 5,250 20,520 2,781 5,250 23,301 28,551 (7,672 ) 1958 Jun-11 40 years White Bear Hills Shopping Center White Bear Lake, MN — 1,790 6,062 869 1,790 6,931 8,721 (2,696 ) 1996 Jun-11 40 years Ellisville Square Ellisville, MO — 2,130 2,902 9,622 2,130 12,524 14,654 (2,864 ) 1989 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 Hub Shopping Center Independence, MO — 850 7,600 356 850 7,956 8,806 (3,524 ) 1995 Jun-11 40 years Watts Mill Plaza Kansas City, MO — 2,610 12,926 1,518 2,610 14,444 17,054 (3,805 ) 1997 Jun-11 40 years Liberty Corners Liberty, MO — 2,530 8,519 2,894 2,530 11,413 13,943 (4,054 ) 1987 Jun-11 40 years Maplewood Square Maplewood, MO — 1,450 2,998 568 1,450 3,566 5,016 (639 ) 1998 Jun-11 40 years Devonshire Place Cary, NC — 940 3,267 5,723 940 8,990 9,930 (2,385 ) 1996 Jun-11 40 years McMullen Creek Market Charlotte, NC — 10,590 22,849 4,966 10,589 27,816 38,405 (7,611 ) 1988 Jun-11 40 years The Commons at Chancellor Park Charlotte, NC — 5,240 19,528 2,475 5,240 22,003 27,243 (6,925 ) 1994 Jun-11 40 years Macon Plaza Franklin, NC — 770 3,783 537 770 4,320 5,090 (1,936 ) 2001 Jun-11 40 years Garner Towne Square Garner, NC — 6,233 22,832 1,789 6,233 24,621 30,854 (6,095 ) 1997 Oct-13 40 years Franklin Square Gastonia, NC — 7,060 27,829 3,843 7,060 31,672 38,732 (8,834 ) 1989 Jun-11 40 years Wendover Place Greensboro, NC — 15,990 39,263 3,175 15,990 42,438 58,428 (12,816 ) 2000 Jun-11 40 years University Commons Greenville, NC — 5,350 25,634 4,201 5,350 29,835 35,185 (8,869 ) 1996 Jun-11 40 years Valley Crossing Hickory, NC — 2,130 5,884 8,842 2,130 14,726 16,856 (4,617 ) 2014 Jun-11 40 years Kinston Pointe Kinston, NC — 2,180 8,479 410 2,180 8,889 11,069 (4,078 ) 2001 Jun-11 40 years Magnolia Plaza Morganton, NC — 730 3,059 903 730 3,962 4,692 (720 ) 1990 Jun-11 40 years Roxboro Square Roxboro, NC — 1,550 8,935 445 1,550 9,380 10,930 (3,778 ) 2005 Jun-11 40 years Innes Street Market Salisbury, NC — 12,180 27,275 861 12,179 28,137 40,316 (11,790 ) 2002 Jun-11 40 years Crossroads Statesville, NC — 6,220 15,098 1,419 6,220 16,517 22,737 (4,974 ) 1997 Jun-11 40 years Anson Station Wadesboro, NC — 910 3,855 293 910 4,148 5,058 (1,978 ) 1988 Jun-11 40 years New Centre Market Wilmington, NC — 5,730 14,673 2,410 5,730 17,083 22,813 (4,117 ) 1998 Jun-11 40 years University Commons Wilmington, NC — 6,910 26,376 2,251 6,910 28,627 35,537 (8,893 ) 2007 Jun-11 40 years Whitaker Square Winston Salem, NC — 2,923 11,665 887 2,923 12,552 15,475 (2,727 ) 1996 Oct-13 40 years Parkway Plaza Winston-Salem, NC — 6,910 16,774 2,155 6,910 18,929 25,839 (6,261 ) 2005 Jun-11 40 years Stratford Commons Winston-Salem, NC — 2,770 9,402 268 2,770 9,670 12,440 (3,097 ) 1995 Jun-11 40 years Bedford Grove Bedford, NH — 3,400 17,627 5,783 3,400 23,410 26,810 (7,173 ) 1989 Jun-11 40 years Capitol Shopping Center Concord, NH — 2,160 11,361 1,373 2,160 12,734 14,894 (5,017 ) 2001 Jun-11 40 years Willow Springs Plaza Nashua , NH — 3,490 19,256 1,267 3,490 20,523 24,013 (5,928 ) 1990 Jun-11 40 years Seacoast Shopping Center Seabrook , NH — 2,230 7,956 1,373 2,230 9,329 11,559 (1,769 ) 1991 Jun-11 40 years Tri-City Plaza Somersworth, NH — 1,900 9,682 5,058 1,900 14,740 16,640 (4,787 ) 1990 Jun-11 40 years Laurel Square Brick, NJ — 5,400 17,716 1,605 5,400 19,321 24,721 (4,158 ) 2003 Jun-11 40 years the Shoppes at Cinnaminson Cinnaminson, NJ — 6,030 45,126 4,472 6,030 49,598 55,628 (13,686 ) 2010 Jun-11 40 years Acme Clark Clark, NJ — 2,630 8,351 28 2,630 8,379 11,009 (2,761 ) 2007 Jun-11 40 years Collegetown Shopping Center Glassboro, NJ — 1,560 15,512 8,197 1,560 23,709 25,269 (8,124 ) 1966 Jun-11 40 years Hamilton Plaza Hamilton, NJ — 1,580 8,573 4,235 1,580 12,808 14,388 (3,226 ) 1972 Jun-11 40 years Bennetts Mills Plaza Jackson, NJ — 3,130 16,805 728 3,130 17,533 20,663 (4,788 ) 2002 Jun-11 40 years Marlton Crossing Marlton, NJ — 5,950 44,756 16,815 5,950 61,571 67,521 (17,247 ) 2018 Jun-11 40 years Middletown Plaza Middletown, NJ — 5,060 40,870 3,541 5,060 44,411 49,471 (11,637 ) 2001 Jun-11 40 years Larchmont Centre Mount Laurel, NJ (7,000 ) 4,421 14,672 138 4,421 14,810 19,231 (2,335 ) 1985 Jun-15 40 years Old Bridge Gateway Old Bridge, NJ — 7,200 36,766 4,116 7,200 40,882 48,082 (11,874 ) 1995 Jun-11 40 years Morris Hills Shopping Center Parsippany, NJ — 3,970 28,888 5,725 3,970 34,613 38,583 (8,541 ) 1994 Jun-11 40 years Rio Grande Plaza Rio Grande, NJ — 1,660 11,839 2,169 1,660 14,008 15,668 (3,816 ) 1997 Jun-11 40 years Ocean Heights Plaza Somers Point, NJ — 6,110 34,462 1,963 6,110 36,425 42,535 (8,796 ) 2006 Jun-11 40 years Springfield Place Springfield, NJ — 1,150 4,310 2,787 1,773 6,474 8,247 (1,481 ) 1965 Jun-11 40 years Tinton Falls Plaza Tinton Falls, NJ — 3,080 11,550 916 3,080 12,466 15,546 (3,742 ) 2006 Jun-11 40 years Cross Keys Commons Turnersville, NJ — 5,840 31,955 5,337 5,840 37,292 43,132 (9,886 ) 1989 Jun-11 40 years Parkway Plaza Carle Place, NY — 5,790 19,208 2,696 5,790 21,904 27,694 (5,087 ) 1993 Jun-11 40 years Erie Canal Centre Dewitt, NY — 1,080 3,957 15,590 1,080 19,547 20,627 (2,890 ) 2018 Jun-11 40 years Unity Plaza East Fishkill, NY — 2,100 13,935 134 2,100 14,069 16,169 (3,555 ) 2005 Jun-11 40 years Suffolk Plaza East Setauket, NY — 2,780 9,937 1,174 2,780 11,111 13,891 (2,318 ) 1998 Jun-11 40 years Three Village Shopping Center East Setauket, NY — 5,310 15,677 432 5,310 16,109 21,419 (4,187 ) 1991 Jun-11 40 years Stewart Plaza Garden City, NY — 6,040 20,959 1,598 6,040 22,557 28,597 (7,054 ) 1990 Jun-11 40 years Dalewood I, II & III Shopping Center Hartsdale, NY — 6,900 56,795 5,807 6,900 62,602 69,502 (13,025 ) 1972 Jun-11 40 years Cayuga Mall Ithaca, NY — 1,180 9,104 3,649 1,180 12,753 13,933 (4,215 ) 1969 Jun-11 40 years Kings Park Plaza Kings Park, NY — 4,790 11,100 2,141 4,790 13,241 18,031 (3,482 ) 1985 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 Village Square Shopping Center Larchmont, NY — 1,320 4,808 963 1,320 5,771 7,091 (1,184 ) 1981 Jun-11 40 years Falcaro's Plaza Lawrence, NY — 3,410 8,804 1,925 3,410 10,729 14,139 (2,246 ) 1972 Jun-11 40 years Mamaroneck Centre Mamaroneck, NY — 1,460 765 7,654 2,198 7,681 9,879 (335 ) 2018 Jun-11 40 years Sunshine Square Medford, NY — 7,350 23,359 1,906 7,350 25,265 32,615 (7,059 ) 2007 Jun-11 40 years Wallkill Plaza Middletown, NY — 1,360 7,813 3,063 1,360 10,876 12,236 (4,599 ) 1986 Jun-11 40 years Monroe Plaza Monroe, NY — 1,840 16,111 628 1,840 16,739 18,579 (5,857 ) 1985 Jun-11 40 years Rockland Plaza Nanuet, NY — 10,700 59,080 9,270 11,097 67,953 79,050 (15,480 ) 2006 Jun-11 40 years North Ridge Shopping Center New Rochelle, NY — 4,910 9,215 1,634 4,910 10,849 15,759 (2,377 ) 1971 Jun-11 40 years Nesconset Shopping Center Port Jefferson Station, NY — 5,510 20,046 3,339 5,510 23,385 28,895 (6,432 ) 1961 Jun-11 40 years Roanoke Plaza Riverhead, NY — 5,050 15,110 1,529 5,050 16,639 21,689 (4,826 ) 2002 Jun-11 40 years The Shops at Riverhead Riverhead, NY — 3,479 — 32,521 3,899 32,101 36,000 (1,072 ) 2018 Jun-11 40 years Rockville Centre Rockville Centre, NY — 3,590 6,935 140 3,590 7,075 10,665 (1,944 ) 1975 Jun-11 40 years Mohawk Acres Plaza Rome, NY — 1,720 13,408 1,091 1,720 14,499 16,219 (4,812 ) 2005 Jun-11 40 years College Plaza Selden, NY — 6,330 11,494 16,633 6,865 27,592 34,457 (7,739 ) 2013 Jun-11 40 years Campus Plaza Vestal, NY — 1,170 16,075 710 1,170 16,785 17,955 (5,950 ) 2003 Jun-11 40 years Parkway Plaza Vestal, NY — 2,149 18,651 1,702 2,149 20,353 22,502 (8,182 ) 1995 Jun-11 40 years Shoppes at Vestal Vestal, NY — 1,340 14,730 72 1,340 14,802 16,142 (3,297 ) 2000 Jun-11 40 years Town Square Mall Vestal, NY — 2,520 40,672 5,224 2,520 45,896 48,416 (13,296 ) 1991 Jun-11 40 years The Plaza at Salmon Run Watertown, NY — 1,420 12,243 (3,102 ) 1,420 9,141 10,561 (3,311 ) 1993 Jun-11 40 years Highridge Plaza Yonkers, NY — 6,020 16,267 2,819 6,020 19,086 25,106 (4,243 ) 1977 Jun-11 40 years Brunswick Town Center Brunswick, OH — 2,930 18,492 985 2,930 19,477 22,407 (4,822 ) 2004 Jun-11 40 years 30th Street Plaza Canton, OH — 1,950 14,383 731 1,950 15,114 17,064 (5,435 ) 1999 Jun-11 40 years Brentwood Plaza Cincinnati, OH — 5,090 19,586 2,472 5,090 22,058 27,148 (6,574 ) 2004 Jun-11 40 years Delhi Shopping Center Cincinnati, OH — 3,690 7,897 2,214 3,690 10,111 13,801 (3,367 ) 1973 Jun-11 40 years Harpers Station Cincinnati, OH — 3,110 24,895 7,460 3,987 31,478 35,465 (8,778 ) 1994 Jun-11 40 years Western Hills Plaza Cincinnati, OH — 8,690 25,589 1,220 8,690 26,809 35,499 (7,873 ) 1954 Jun-11 40 years Western Village Cincinnati, OH — 3,370 12,423 827 3,420 13,200 16,620 (4,125 ) 2005 Jun-11 40 years Crown Point Columbus, OH — 2,120 14,464 1,741 2,120 16,205 18,325 (5,358 ) 1980 Jun-11 40 years Greentree Shopping Center Columbus, OH — 1,920 12,024 487 1,920 12,511 14,431 (4,593 ) 2005 Jun-11 40 years Brandt Pike Place Dayton, OH — 616 1,694 16 616 1,710 2,326 (665 ) 2008 Jun-11 40 years South Towne Centre Dayton, OH — 4,990 42,414 7,248 4,99 |
Nature of Business and Financ_2
Nature of Business and Financial Statement Presentation (Policies) | 12 Months Ended |
Dec. 31, 2018 | |
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 (“U.S.”), comprised primarily of community and neighborhood shopping centers. As of December 31, 2018, the Company’s portfolio was comprised of 425 shopping centers (the “Portfolio”) totaling approximately 74 million square feet of GLA. The Company’s high-quality national Portfolio is primarily located within established trade areas in the top 50 Metropolitan Statistical Areas in the U.S., and its 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, 2018 and 2017 and the consolidated results of its operations and cash flows for the years ended December 31, 2018, 2017 and 2016. Certain prior year balances in the accompanying Consolidated Statements of Cash Flows have been reclassified to conform to the current year presentation for the adoption of Accounting Standards Update (“ASU”) 2016-15, “ Statement of Cash Flows (Topic 230). ” Additionally, the Company has determined it is preferable to separate Real estate assets held for sale from Other assets on the Company’s Consolidated Balance Sheets. Therefore, certain prior year balances in the accompanying Consolidated Balance Sheets have been reclassified to conform to the current year presentation of Real estate assets held for sale. |
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, 2018. |
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 and in-place leases), and assumed debt based on an evaluation of available information. Based on these estimates, the 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, 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, management evaluates the specific characteristics of each tenant lease. Factors considered include, but are not limited to: 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 operating costs, such as common area expenses, utilities, insurance and real estate taxes, and estimates of lost rentals at market rates. Costs to execute similar leases include leasing commissions, legal and marketing costs, and tenant improvement costs. The values assigned to in-place leases 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 to Operating costs 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 represent properties that are under contract for sale and where the applicable pre-sale due diligence period has expired prior to the end of the reporting period. 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 an indicator is identified, a real estate asset is considered impaired only if management’s estimate of aggregate future undiscounted and unleveraged property cash flows, taking into account the anticipated probability weighted holding period, are less than the carrying value of the property. Various factors are considered in the estimation process, including trends and prospects and the effects of demand and competition on future operating income. 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 to reflect the estimated 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 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 recognized 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 would have been 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 capitalized and amortized using the straight-line method over the term of the related lease or debt agreement, which approximates the effective interest method. Capitalized costs incurred in executing tenant leases include tenant improvements, a portion of salaries, lease commissions and the related costs of personnel directly involved in successful leasing efforts. Capitalized costs incurred in executing long-term financing 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 is based primarily on publicly traded market values in active markets and is 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, 2018 and 2017, 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 recognized 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 operating costs, including common area expenses, utilities, insurance and real estate taxes 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 individual tenant receivables and considers tenant credit-worthiness, the length of time a receivable has been outstanding, 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 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 to its stockholders at least 90% of its REIT taxable income, determined without regard to the deduction for dividends paid and excluding net capital gains. 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 the Company’s 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 before January 1, 2018) 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 Parent Company has elected to treat certain of its subsidiaries as taxable REIT subsidiaries (“TRS”), and the Parent 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 is subject to certain limitations under the Code. A TRS is subject to U.S. federal and state income taxes. Income taxes related to the Parent 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, 2018 and 2017. Open tax years generally range from 2015 through 2018, 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 November 2018, the FASB issued ASU 2018-19, “Codification Improvements to Topic 326, Financial Instruments-Credit Losses.” ASU 2018-19 clarifies that receivables arising from operating leases are not within the scope of Subtopic 326-20. Instead, impairment of receivables arising from operating leases should be accounted for in accordance with Accounting Standard Codification (“ASC”) 842, Leases. As such the Company does not expect the adoption of ASU 2018-19 to have a material impact on the Consolidated Financial Statements of the Company. Information regarding the adoption of ASC 842 is described below. In October 2018, the FASB issued ASU 2018-16, “Derivatives and Hedging (Topic 815).” ASU 2018-16 amends guidance to permit the use of the Overnight Index Swap rate based on the Secured Overnight Financing Rate as a U.S. benchmark interest rate for hedge accounting purposes under Topic 815. The standard became effective for the Company on January 1, 2019. The Company determined that these changes will not have a material impact on the Consolidated Financial Statements of the Company. In August 2018, the FASB issued ASU 2018-13, “ Fair Value Measurement (Topic 820) .” ASU 2018-13 amends certain disclosure requirements regarding the fair value hierarchy of investments in accordance with GAAP, particularly the significant unobservable inputs used to value investments within Level 3 of the fair value hierarchy. The standard is effective on January 1, 2020, with early adoption permitted. The Company does not expect the adoption of ASU 2018-13 to have a material impact on the Consolidated Financial Statements of the Company. In August 2017, the FASB issued 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. ASU 2017-12 was early adopted by the Company on January 1, 2018. The Company determined that these changes did not 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 became effective for the Company on January 1, 2018. The Company determined that these changes did not have a material impact on the Consolidated Financial Statements of the Company. In February 2017, the FASB issued ASU 2017-05, “ Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20).” ASU 2017-05 focuses on recognizing gains and losses from the transfer of nonfinancial assets with noncustomers. It provides guidance as to the definition of an “in substance nonfinancial asset,” and provides guidance for sales of real estate, including partial sales. The standard became effective for the Company on January 1, 2018 in conjunction with ASU 2014-09 and the Company applied the same modified retrospective approach of adoption as applied with ASU 2014-09, as described below. The Company did not record any cumulative adjustment in connection with the adoption of the new pronouncement. 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 became effective for the Company on January 1, 2018. 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). ASU 2016-02 was subsequently amended by ASU 2018-01, “ Land Easement Practical Expedient for Transition to Topic 842 ”; ASU 2018-10, “ Codification Improvements to Topic 842 ”; ASU 2018-11, “ Targeted Improvements ”; and ASU 2018-20, “ Narrow-Scope Improvements for 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 qualify for the short-term lease recognition exemption and may 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. Adoption The standard became effective for the Company on January 1, 2019 and a modified retrospective transition approach was required. The Company determined that the adoption of ASU 2016-02 will have a material impact on the Consolidated Financial Statements of the Company. The Company elected the following optional practical expedients upon adoption: • The Company did not reassess whether a current arrangement contains a lease. (ASU 2016-02) • The Company did not reassess current lease classification. (ASU 2016-02) • The Company did not reassess initial direct costs recognized under previous guidance. (ASU 2016-02) • The Company did not reassess current land easements under ASC 842. (ASU 2018-01) • The Company applied ASC 842 as of the effective date. Therefore, the Company’s reporting for the comparative periods presented in the Consolidated Financial Statements of the Company will continue to be in accordance with ASC 840. (ASU 2018-11) • The Company elected, by class of underlying asset, not to separate non-lease components from the associated lease components and instead account for them as a single component. This will result in the consolidation of Rental income and Expense reimbursements on the Company's Consolidated Statements of Operations (ASU 2018-11) Lessee For leases where the Company is the lessee, primarily for the Company’s ground leases and administrative office leases, the Company is required to record a right of use asset and a lease liability on its Consolidated Balance Sheets on the effective date. The Company expects to record an operating lease liability of approximately $45 million to $55 million , with a corresponding right of use asset of approximately $40 million to $50 million . Additionally, the Company has elected to apply the short-term lease recognition exemption for all leases that qualify. Lessor For leases where the Company is the lessor, the Company will continue to record revenues from rental properties for its operating leases on a straight-line basis. In addition, direct internal leasing overhead costs continue to be capitalized, however, indirect internal leasing overhead costs previously capitalized are being expensed under ASU 2016-02. For the years ended December 31, 2018, 2017 and 2016 the Company capitalized $11.9 million , $10.0 million and $9.6 million of indirect internal leasing overhead costs, respectively. In addition, ASU 2016-02 requires additional leasing activity disclosures be presented in the Consolidated Financial Statements of the Company for both lessor and lessee lease agreements. 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. The standard became effective for the Company on January 1, 2018 and the Company elected the modified retrospective approach of adoption, which requires a cumulative adjustment as of the date of the adoption, if applicable. The Company did not record any such cumulative adjustment in connection with the adoption of the new pronouncement. Substantially all of the Company’s tenant-related revenue is recognized pursuant to lease agreements and is out of the scope of ASU 2014-09 and falls instead under ASU 2016-02, which is discussed above and became effective on January 1, 2019. As a result, the Company determined that ASU 2014-09 did 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. 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 Financ_3
Nature of Business and Financial Statement Presentation (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
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, 2018 | |
Real Estate [Abstract] | |
Schedule of Business Acquisitions, by Acquisition | During the year ended December 31, 2018, the Company acquired the following assets, in separate transactions: Description (1) Location Month Acquired GLA Aggregate Purchase Price (2) Land adjacent to Arborland Center Ann Arbor, MI Jun-18 N/A $ 5,576 Outparcel adjacent to Lehigh Shopping Center Bethlehem, PA Jun-18 12,739 1,899 Outparcel building adjacent to Beneva Village Shoppes Sarasota, FL Jul-18 3,710 1,541 Outparcel building adjacent to Roosevelt Mall Philadelphia, PA Oct-18 975 2,318 Land adjacent to Arborland Center Ann Arbor, MI Oct-18 N/A 415 Outparcel building adjacent to Wynnewood Village Dallas, TX Dec-18 6,000 2,551 Building at Wendover Place Greensboro, NC Dec-18 58,876 3,147 82,300 $ 17,447 (1) No debt was assumed related to any of the listed acquisitions. (2) Aggregate purchase price includes $0.4 million of transaction costs. During the year ended December 31, 2017, the Company acquired the following assets, in separate transactions: Description (1) Location Month Acquired GLA Aggregate Purchase Price (2) 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. (2) Aggregate purchase price includes $0.9 million of transaction costs. |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The aggregate purchase price of the assets acquired during the years ended December 31, 2018 and 2017, respectively, has been allocated as follows: Year Ended December 31, Assets 2018 2017 Land $ 9,220 $ 45,055 Buildings 6,129 117,347 Building and tenant improvements 1,039 17,415 Above-market leases (1) 20 3,051 In-place leases (2) 1,127 13,044 Total assets 17,535 195,912 Liabilities Below-market leases (3) 88 4,103 Other liabilities — 1,322 Total liabilities 88 5,425 Net assets acquired $ 17,447 $ 190,487 (1) The weighted average amortization period at the time of acquisition for above-market leases related to assets acquired during the years ended December 31, 2018 and 2017 was 3.8 years and 5.5 years, respectively. (2) The weighted average amortization period at the time of acquisition for in-place leases related to assets acquired during the years ended December 31, 2018 and 2017 was 4.9 years and 7.5 years, respectively. (3) The weighted average amortization period at the time of acquisition for below-market leases related to assets acquired during the years ended December 31, 2018 and 2017 was 4.7 years and 16.3 years, respectively. |
Dispositions and Assets Held _2
Dispositions and Assets Held for Sale (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Discontinued Operations and Disposal Groups [Abstract] | |
Schedule of Reclassificationa of Disposal Groups, Including Discontinued Operations | The following table presents the assets and liabilities associated with the properties classified as held for sale: Assets December 31, 2018 December 31, 2017 Land $ 1,220 $ 3,220 Buildings and improvements 2,927 30,758 Accumulated depreciation and amortization (1,334 ) (7,464 ) Real estate, net 2,813 26,514 Other assets 88 567 Assets associated with real estate assets held for sale $ 2,901 $ 27,081 Liabilities Other liabilities $ — $ 33 Liabilities associated with real estate assets held for sale (1) $ — $ 33 (1) These amounts are included in Accounts payable, accrued expenses and other liabilities on the Company’s Consolidated Balance Sheets. |
Real Estate (Tables)
Real Estate (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Real Estate [Abstract] | |
Schedule of real estate properties | The Company’s components of Real estate, net consisted of the following: December 31, 2018 December 31, 2017 Land $ 1,804,504 $ 1,984,309 Buildings and improvements: Buildings and tenant improvements (1) 7,626,363 8,145,085 Lease intangibles (2) 667,910 792,097 10,098,777 10,921,491 Accumulated depreciation and amortization (3) (2,349,127 ) (2,361,070 ) Total $ 7,749,650 $ 8,560,421 (1) As of December 31, 2018 and 2017, Buildings and tenant improvements included accrued amounts, net of any anticipated insurance proceeds of $ 41.7 million and $ 22.8 million , respectively. (2) As of December 31, 2018 and 2017, Lease intangibles consisted of $601.0 million and $715.1 million , respectively, of in-place leases and $66.9 million and $77.0 million , respectively, of above-market leases. These intangible assets are amortized over the term of each related lease. (3) As of December 31, 2018 and 2017, Accumulated depreciation and amortization included $560.3 million and $629.1 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 expense, and in-place lease 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 lease amortization expense 2019 $ (18,245 ) $ 23,977 2020 (14,843 ) 17,789 2021 (12,138 ) 12,865 2022 (10,025 ) 9,496 2023 (8,627 ) 6,983 |
Impairments (Tables)
Impairments (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Impairment of Real Estate [Abstract] | |
Schedule of Impairments | The Company recognized the following impairments during the year ended December 31, 2018: Year Ended December 31, 2018 Property Name (1) Location GLA Impairment Charge County Line Plaza (2) Jackson, MS 221,127 $ 10,181 Southland Shopping Plaza (2) Toledo, OH 285,278 7,077 Covington Gallery Covington, GA 174,857 6,748 Westview Center Hanover Park, IL 321,382 5,916 Roundtree Place (2) Ypsilanti, MI 246,620 4,317 Skyway Plaza St. Petersburg, FL 110,799 3,639 Wadsworth Crossings (2) Wadsworth, OH 118,145 3,594 Brooksville Square (2) Brooksville, FL 96,361 2,740 Sterling Bazaar (2) Peoria, IL 87,359 1,571 Pensacola Square (2) Pensacola, FL 142,767 1,345 Plantation Plaza (2) Clute, TX 99,141 1,251 Kline Plaza (2) Harrisburg, PA 214,628 1,237 Smith’s (2) Socorro, NM 48,000 1,200 Elkhart Plaza West (2) Elkhart, IN 81,651 748 Dover Park Plaza (2) Yardville, NJ 56,638 555 Parcel at Elk Grove Town Center (2) Elk Grove Village, IL 72,385 538 Crossroads Centre (2) Fairview Heights, IL 242,752 204 Shops of Riverdale (2) Riverdale, GA 16,808 155 Valley Commons (2) Salem, VA 45,580 115 Mount Carmel Plaza (2) Glenside, PA 14,504 115 Klein Square (2) Spring, TX 80,636 49 2,777,418 $ 53,295 (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, 2018. The Company recognized the following impairments during the year ended December 31, 2017: Year Ended December 31, 2017 Property Name (1) Location GLA Impairment Charge The Manchester Collection Manchester, CT 342,247 $ 9,026 Lexington Road Plaza (2) Versailles, KY 197,668 6,393 The Plaza at Salmon Run Watertown, NY 68,761 3,486 The Vineyards (2) Eastlake, OH 144,820 3,008 Highland Commons (2) Glasgow, KY 130,466 2,499 Parkway Pointe (2) Springfield, IL 38,737 2,373 Shops at Seneca Mall (2) Liverpool, NY 231,024 2,226 Smith’s (3) Socorro, NM 48,000 2,200 Fashion Square (3) Orange Park, FL 36,029 2,125 Austin Town Center (2) Austin, MN 110,680 1,853 Renaissance Center East (2) Las Vegas, NV 144,216 1,658 Salisbury Marketplace (2) Salisbury, NC 79,732 1,544 Remount Village Shopping Center (2) North Charleston, SC 60,238 921 The Shoppes at North Ridgeville (2) North Ridgeville, OH 59,852 389 Crossroads Centre (3) Fairview Heights, IL 242,752 358 Milford Center (2) Milford, CT 25,056 45 1,960,278 $ 40,104 (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, 2018. The Company recognized the following impairments during the year ended December 31, 2016: Year Ended December 31, 2016 Property Name (1) Location GLA Impairment Charge Milford Center (2) Milford, CT 25,056 $ 2,626 Plymouth Plaza (3) Plymouth Meeting, PA 30,013 1,997 Parcel at Country Hills Shopping Center (4) Torrance, CA 3,500 550 Inwood Forest (3) Houston, TX 77,553 52 Other – N/A (71 ) 136,122 $ 5,154 (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, 2018. |
Financial Instruments - Deriv_2
Financial Instruments - Derivatives and Hedging (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
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, 2018 and 2017, respectively, is as follows: Fair Value of Derivative Instruments Interest rate swaps classified as: December 31, 2018 December 31, 2017 Gross derivative assets $ 18,630 $ 24,420 Gross derivative liabilities (2,571 ) — Net derivative assets $ 16,059 $ 24,420 |
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, 2018, 2017 and 2016 is as follows: Derivatives in Cash Flow Hedging Relationships (Interest Rate Swaps) Year Ended December 31, 2018 2017 2016 Change in unrealized gain on interest rate swaps $ 3,837 $ 4,976 $ 19,081 Amortization (accretion) of interest rate swaps to interest expense (12,198 ) (2,161 ) 4,961 Change in unrealized gain (loss) on interest rate swaps, net $ (8,361 ) $ 2,815 $ 24,042 |
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, 2018 and 2017 is as follows: Number of Instruments Notional Amount December 31, 2018 December 31, 2017 December 31, 2018 December 31, 2017 Interest Rate Swaps 10 9 $ 1,200,000 $ 1,400,000 |
Debt Obligations (Tables)
Debt Obligations (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Debt Disclosure [Abstract] | |
Debt obligations under various arrangements with financial institutions | As of December 31, 2018 and 2017, the Company had the following indebtedness outstanding: Carrying Value as of December 31, 2018 December 31, Stated Interest Rate (1) Scheduled Maturity Date Secured loans Secured loans (2) $ 7,000 $ 902,717 4.40% 2024 Net unamortized premium 262 15,321 Net unamortized debt issuance costs (45 ) (93 ) Total secured loans, net $ 7,217 $ 917,945 Notes payable Unsecured notes (3) $ 3,468,453 $ 3,218,453 3.25% – 7.97% 2022 – 2029 Net unamortized discount (11,562 ) (13,485 ) Net unamortized debt issuance costs (20,877 ) (22,476 ) Total notes payable, net $ 3,436,014 $ 3,182,492 Unsecured Credit Facility and term loans Unsecured Credit Facility - Term Loans (4) $ 500,000 $ 685,000 3.63% 2021 Unsecured Credit Facility - Revolving Facility 306,000 — 3.53% 2023 Unsecured $350 Million Term Loan (5) 350,000 600,000 3.63% 2023 Unsecured $300 Million Term Loan (5) 300,000 300,000 4.25% 2024 Net unamortized debt issuance costs (13,368 ) (9,199 ) Total Unsecured Credit Facility and term loans $ 1,442,632 $ 1,575,801 Total debt obligations, net (6) $ 4,885,863 $ 5,676,238 (1) The stated interest rates are as of December 31, 2018 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, 2018 of approximately $16.4 million . (3) The weighted average stated interest rate on the Company’s unsecured notes was 3.79% as of December 31, 2018. (4) Effective November 1, 2016, the Company has in place three interest rate swap agreements that convert the variable interest rate on a $500.0 million term loan (the “$500 Million Term Loan”) under the Company’s senior unsecured credit facility agreement, as amended December 12, 2018, (the “Unsecured Credit Facility”) to a fixed, combined interest rate of 1.11% (plus a spread of 125 basis points) through July 30, 2021. (5) Effective November 1, 2016, the Company has in place three interest rate swap agreements that convert the variable interest rate on the Company’s $350.0 million term loan agreement, as amended December 12, 2018 (the “$350 Million Term Loan”) and $50.0 million of the Company’s $300.0 million term loan agreement, as amended December 12, 2018, (the “$300 Million Term Loan”) to a fixed, combined interest rate of 0.88% (plus a spread of 125 basis points and 190 basis points, respectively) through March 18, 2019. (6) During the year ended December 31, 2018, the Company entered into four forward starting interest rate swap agreements with an effective date of January 2, 2019 that convert the variable interest rate on $300.0 million of the Company’s variable LIBOR based interest rate debt to a fixed, combined interest rate of 2.61% through July 26, 2024. See Note 6 for additional information regarding the interest rate swap agreements entered into during the year ended December 31, 2018. |
Future expected/scheduled maturities of outstanding debt and capital lease obligations | As of December 31, 2018 and 2017, the Company had accrued interest of $34.0 million and $35.9 million outstanding, respectively. As of December 31, 2018, scheduled amortization and maturities of the Company’s outstanding debt obligations were as follows: Year ending December 31, 2019 $ — 2020 — 2021 500,000 2022 750,000 2023 1,156,000 Thereafter 2,525,453 Total debt maturities 4,931,453 Net unamortized discount (11,300 ) Net unamortized debt issuance costs (34,290 ) Total debt obligations, net $ 4,885,863 |
Fair Value Disclosures (Tables)
Fair Value Disclosures (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
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, 2018 December 31, 2017 Carrying Amounts Fair Value Carrying Fair Secured loans $ 7,217 $ 7,072 $ 917,945 $ 963,702 Notes payable 3,436,014 3,372,418 3,182,492 3,224,877 Unsecured Credit Facility and term loans 1,442,632 1,452,382 1,575,801 1,586,206 Total debt obligations, net $ 4,885,863 $ 4,831,872 $ 5,676,238 $ 5,774,785 |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | The following table presents the placement in the fair value hierarchy of assets and liabilities that are measured and recognized at fair value on a recurring basis: Fair Value Measurements as of December 31, 2018 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) $ 30,243 $ 1,756 $ 28,487 $ — Interest rate derivatives $ 18,630 $ — $ 18,630 $ — Liabilities: Interest rate derivatives $ (2,571 ) $ — $ (2,571 ) $ — 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 $ — (1) As of December 31, 2018 and 2017, marketable securities included $0.1 million and $0.2 million of net unrealized losses, respectively. As of December 31, 2018, the contractual maturities of the Company’s marketable securities are within the next five years. |
Fair Value Measurements, Nonrecurring | 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 non-recurring basis. The table includes information related to properties that were remeasured to fair value as a result of impairment testing during the years ended December 31, 2018 and 2017, excluding the properties sold prior to December 31, 2018 and 2017, respectively: Fair Value Measurements as of December 31, 2018 Balance Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Impairment of Real Estate Assets Assets: Properties (1)(2)(3) $ 31,725 $ — $ — $ 31,725 $ 16,303 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) Impairment of Real Estate Assets Assets: Properties (4)(5)(6) $ 73,303 $ — $ — $ 73,303 $ 17,195 (1) Excludes properties disposed of prior to December 31, 2018. (2) The carrying value of properties remeasured to fair value based upon offers from third party buyers during the year ended December 31, 2018 includes $26.1 million related to Westview Center. (3) The carrying value of properties remeasured to fair value based upon a discounted cash flow analysis during the year ended December 31, 2018 includes: (i) $2.9 million related to Skyway Plaza and (ii) $2.7 million related to Covington Gallery. The capitalization rates (ranging from 9.0% to 9.3% ) and discount rates (ranging from 6.0% to 10.4% ) which were utilized in the discounted cash flow analyses were based upon unobservable rates that the Company believes to be within a reasonable range of current market rates for each respective investment. (4) Excludes properties disposed of prior to December 31, 2017. (5) The carrying value of properties remeasured to fair value based upon offers from third party buyers during the year ended December 31, 2017 includes: (i) $46.9 million related to The Manchester Collection, (ii) $ 2.4 million related to Fashion Square, and (iii) $14.3 million related to Crossroads Centre. (6) The carrying value of properties remeasured to fair value based upon a discounted cash flow analysis during the year ended December 31, 2017 includes: (i) $7.8 million related to The Plaza at Salmon Run and (ii) $1.9 million related to Smith’s. 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 discounted cash flow analyses were based upon unobservable rates that the Company believes to be within a reasonable range of current market rates for each respective investment. |
Revenue Recognition (Tables)
Revenue Recognition (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
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 costs, such as common area expenses, utilities, insurance and real estate taxes. Year ending December 31, 2019 $ 811,381 2020 709,230 2021 599,367 2022 490,087 2023 392,892 Thereafter 1,368,278 Minimum annual rental commitments associated with these leases during the next five years and thereafter are as follows: Year ending December 31, 2019 $ 6,929 2020 6,948 2021 7,157 2022 7,233 2023 5,827 Thereafter 43,876 Total minimum annual rental commitments $ 77,970 |
Stock Based Compensation (Table
Stock Based Compensation (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
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, 2018, 2017 and 2016 are as follows (in thousands): Restricted Shares Aggregate Intrinsic Value 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 Vested (292 ) (5,060 ) Granted 822 13,016 Forfeited (268 ) (4,299 ) Outstanding, December 31, 2018 1,498 $ 30,631 |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Earnings Per Share [Abstract] | |
Schedule of earnings per share, basic and diluted | The following table provides a reconciliation of the numerator and denominator of the EPS calculations for the years ended December 31, 2018, 2017 and 2016 (dollars in thousands, except per share data): Year Ended December 31, 2018 2017 2016 Computation of Basic Earnings Per Share: Net income $ 366,284 $ 300,369 $ 278,142 Net income attributable to non-controlling interests — (76 ) (2,514 ) Non-forfeitable dividends on unvested restricted shares (331 ) (37 ) (40 ) Preferred stock dividends — (39 ) (150 ) Net income attributable to the Company’s common stockholders for basic earnings per share $ 365,953 $ 300,217 $ 275,438 Weighted average number shares outstanding – basic 302,074 304,834 301,601 Basic earnings per share attributable to the Company’s common stockholders: Net income per share $ 1.21 $ 0.98 $ 0.91 Computation of Diluted Earnings Per Share: Net income attributable to the Company’s common stockholders for basic earnings per share $ 365,953 $ 300,217 $ 275,438 Allocation of net income to dilutive convertible non-controlling interests — 76 2,514 Net income attributable to the Company’s common stockholders for diluted earnings per share $ 365,953 $ 300,293 $ 277,952 Weighted average shares outstanding – basic 302,074 304,834 301,601 Effect of dilutive securities: Conversion of OP Units — 79 3,000 Equity awards 265 368 459 Weighted average shares outstanding – diluted 302,339 305,281 305,060 Diluted earnings per share attributable to the Company’s common stockholders: Net income per share $ 1.21 $ 0.98 $ 0.91 |
Earnings per Unit (Tables)
Earnings per Unit (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Schedule of Earnings per Share [Line Items] | |
Schedule of earnings per unit, basic and diluted | The following table provides a reconciliation of the numerator and denominator of the EPS calculations for the years ended December 31, 2018, 2017 and 2016 (dollars in thousands, except per share data): Year Ended December 31, 2018 2017 2016 Computation of Basic Earnings Per Share: Net income $ 366,284 $ 300,369 $ 278,142 Net income attributable to non-controlling interests — (76 ) (2,514 ) Non-forfeitable dividends on unvested restricted shares (331 ) (37 ) (40 ) Preferred stock dividends — (39 ) (150 ) Net income attributable to the Company’s common stockholders for basic earnings per share $ 365,953 $ 300,217 $ 275,438 Weighted average number shares outstanding – basic 302,074 304,834 301,601 Basic earnings per share attributable to the Company’s common stockholders: Net income per share $ 1.21 $ 0.98 $ 0.91 Computation of Diluted Earnings Per Share: Net income attributable to the Company’s common stockholders for basic earnings per share $ 365,953 $ 300,217 $ 275,438 Allocation of net income to dilutive convertible non-controlling interests — 76 2,514 Net income attributable to the Company’s common stockholders for diluted earnings per share $ 365,953 $ 300,293 $ 277,952 Weighted average shares outstanding – basic 302,074 304,834 301,601 Effect of dilutive securities: Conversion of OP Units — 79 3,000 Equity awards 265 368 459 Weighted average shares outstanding – diluted 302,339 305,281 305,060 Diluted earnings per share attributable to the Company’s common stockholders: Net income per share $ 1.21 $ 0.98 $ 0.91 |
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, 2018, 2017 and 2016 (dollars in thousands, except per unit data): Year Ended December 31, 2018 2017 2016 Computation of Basic Earnings Per Unit: Net income attributable to Brixmor Operating Partnership LP $ 366,284 $ 300,369 $ 278,142 Non-forfeitable dividends on unvested restricted units (331 ) (37 ) (40 ) Net income attributable to the Operating Partnership’s common units for basic earnings per unit $ 365,953 $ 300,332 $ 278,102 Weighted average number common units outstanding – basic 302,074 304,913 304,600 Basic earnings per unit attributable to the Operating Partnership’s common units: Net income per unit $ 1.21 $ 0.98 $ 0.91 Computation of Diluted Earnings Per Unit: Net income attributable to the Operating Partnership’s common units for diluted earnings per unit $ 365,953 $ 300,332 $ 278,102 Weighted average common units outstanding – basic 302,074 304,913 304,600 Effect of dilutive securities: Equity awards 265 368 459 Weighted average common units outstanding – diluted 302,339 305,281 305,059 Diluted earnings per unit attributable to the Operating Partnership’s common units: Net income per unit $ 1.21 $ 0.98 $ 0.91 |
Commitments and Contingencies (
Commitments and Contingencies (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
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 costs, such as common area expenses, utilities, insurance and real estate taxes. Year ending December 31, 2019 $ 811,381 2020 709,230 2021 599,367 2022 490,087 2023 392,892 Thereafter 1,368,278 Minimum annual rental commitments associated with these leases during the next five years and thereafter are as follows: Year ending December 31, 2019 $ 6,929 2020 6,948 2021 7,157 2022 7,233 2023 5,827 Thereafter 43,876 Total minimum annual rental commitments $ 77,970 |
Schedule of Activity in Reserve for Losses for Insurance Captive | Activity in the reserve for losses for the years ended December 31, 2018 and 2017 is summarized as follows (in thousands): Year End December 31, 2018 2017 Balance at the beginning of the year $ 13,295 $ 15,045 Incurred related to: Current year 3,833 4,205 Prior years (1,624 ) (3,157 ) Total incurred 2,209 1,048 Paid related to: Current year (336 ) (299 ) Prior years (2,698 ) (2,499 ) Total paid (3,034 ) (2,798 ) Balance at the end of the year $ 12,470 $ 13,295 |
Supplemental Financial Inform_2
Supplemental Financial Information (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
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, 2018 and 2017 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, 2018 Total revenues $ 317,175 $ 313,030 $ 306,480 $ 297,655 Net income attributable to common stockholders $ 61,022 $ 80,362 $ 147,346 $ 77,554 Net income attributable to common stockholders per share: Basic (1) $ 0.20 $ 0.27 $ 0.49 $ 0.26 Diluted (1) $ 0.20 $ 0.26 $ 0.49 $ 0.26 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 (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, 2018 and 2017 due to rounding. Brixmor Operating Partnership LP First Quarter Second Quarter Third Quarter Fourth Quarter Year Ended December 31, 2018 Total revenues $ 317,175 $ 313,030 $ 306,480 $ 297,655 Net income attributable to partnership common units $ 61,022 $ 80,362 $ 147,346 $ 77,554 Net income attributable to common unitholders per unit: Basic (1) $ 0.20 $ 0.27 $ 0.49 $ 0.26 Diluted (1) $ 0.20 $ 0.26 $ 0.49 $ 0.26 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 (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, 2018 and 2017 due to rounding. |
Nature of Business and Financ_4
Nature of Business and Financial Statement Presentation (Narrative) (Details) | Dec. 31, 2018ft²Property | Dec. 31, 2017ft² |
Nture of Oerations and Financial Statements Presentation [Line Items] | ||
GLA | 82,300 | 769,272 |
Shopping Center | ||
Nture of Oerations and Financial Statements Presentation [Line Items] | ||
Number of real estate properties | Property | 425 | |
GLA | 74,000,000 | |
Parent Company | BPG Sub | ||
Nture of Oerations and Financial Statements Presentation [Line Items] | ||
Ownership percentage | 100.00% |
Nature of Business and Financ_5
Nature of Business and Financial Statement Presentation (Useful Lives) (Details) | 12 Months Ended |
Dec. 31, 2018 | |
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 |
Nature of Business and Financ_6
Nature of Business and Financial Statement Presentation (New Accounting Pronouncements) (Details) - USD ($) $ in Millions | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Jan. 01, 2019 | |
Accounting Policies [Abstract] | ||||
Capitalized indirect internal leasing overhead costs | $ 11.9 | $ 10 | $ 9.6 | |
Scenario, Forecast | Accounting Standards Update 2016-02 | Minimum | ||||
Lessee, Lease, Description [Line Items] | ||||
Operating lease, liability | $ 45 | |||
Right-of-use asset | 40 | |||
Scenario, Forecast | Accounting Standards Update 2016-02 | Maximum | ||||
Lessee, Lease, Description [Line Items] | ||||
Operating lease, liability | 55 | |||
Right-of-use asset | $ 50 |
Acquisition of Real Estate (Pro
Acquisition of Real Estate (Properties Acquired) (Details) $ in Thousands | 1 Months Ended | 12 Months Ended | |
Oct. 31, 2018USD ($) | Dec. 31, 2018USD ($)ft² | Dec. 31, 2017USD ($)ft² | |
Business Acquisition [Line Items] | |||
GLA | ft² | 82,300 | 769,272 | |
Aggregate Purchase Price(2) | $ 17,447 | $ 190,487 | |
Transaction costs | 400 | 900 | |
Land adjacent to Arborland Center | |||
Business Acquisition [Line Items] | |||
Aggregate Purchase Price(2) | $ 415 | $ 5,576 | |
Outparcel adjacent to Lehigh Shopping Center | |||
Business Acquisition [Line Items] | |||
GLA | ft² | 12,739 | ||
Aggregate Purchase Price(2) | $ 1,899 | ||
Outparcel building adjacent to Beneva Village Shoppes | |||
Business Acquisition [Line Items] | |||
GLA | ft² | 3,710 | ||
Aggregate Purchase Price(2) | $ 1,541 | ||
Outparcel building adjacent to Roosevelt Mall | |||
Business Acquisition [Line Items] | |||
GLA | ft² | 975 | ||
Aggregate Purchase Price(2) | $ 2,318 | ||
Outparcel adjacent to Wynnewood Village | |||
Business Acquisition [Line Items] | |||
GLA | ft² | 6,000 | ||
Aggregate Purchase Price(2) | $ 2,551 | $ 1,658 | |
Building at Wendover Place | |||
Business Acquisition [Line Items] | |||
GLA | ft² | 58,876 | ||
Aggregate Purchase Price(2) | $ 3,147 | ||
Outparcel building adjacent to Annex of Arlington | |||
Business Acquisition [Line Items] | |||
GLA | ft² | 5,760 | ||
Aggregate Purchase Price(2) | $ 1,006 | ||
Outparcel adjacent to Northeast Plaza | |||
Business Acquisition [Line Items] | |||
Aggregate Purchase Price(2) | $ 1,537 | ||
Arborland Center | |||
Business Acquisition [Line Items] | |||
GLA | ft² | 403,536 | ||
Aggregate Purchase Price(2) | $ 102,268 | ||
Building adjacent to Preston Park | |||
Business Acquisition [Line Items] | |||
GLA | ft² | 31,080 | ||
Aggregate Purchase Price(2) | $ 4,015 | ||
Outparcel building adjacent to Cobblestone Village | |||
Business Acquisition [Line Items] | |||
GLA | ft² | 4,403 | ||
Aggregate Purchase Price(2) | $ 1,306 | ||
Venice Village Shoppes | |||
Business Acquisition [Line Items] | |||
GLA | ft² | 175,054 | ||
Aggregate Purchase Price(2) | $ 33,486 | ||
Upland Town Square | |||
Business Acquisition [Line Items] | |||
GLA | ft² | 100,350 | ||
Aggregate Purchase Price(2) | $ 31,859 | ||
Plaza By The Sea | |||
Business Acquisition [Line Items] | |||
GLA | ft² | 49,089 | ||
Aggregate Purchase Price(2) | $ 13,352 |
Acquisition of Real Estate (Pur
Acquisition of Real Estate (Purchase Price) (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Above market leases | ||
Liabilities | ||
Amortization period | 3 years 9 months 18 days | 5 years 6 months |
Leases, acquired-in-place | ||
Liabilities | ||
Amortization period | 4 years 10 months 24 days | 7 years 6 months |
Below market leases | ||
Liabilities | ||
Amortization period | 4 years 8 months 12 days | 16 years 3 months 18 days |
Acquired Properties | ||
Assets | ||
Land | $ 9,220 | $ 45,055 |
Buildings | 6,129 | 117,347 |
Building Improvements | 1,039 | 17,415 |
Above-market rents | 20 | 3,051 |
In-place leases | 1,127 | 13,044 |
Total assets | 17,535 | 195,912 |
Liabilities | ||
Below-market leases | 88 | 4,103 |
Other liabilities | 0 | 1,322 |
Total liabilities | 88 | 5,425 |
Net assets acquired | $ 17,447 | $ 190,487 |
Dispositions and Assets Held _3
Dispositions and Assets Held for Sale (Narrative) (Details) $ in Thousands | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2018USD ($) | Dec. 31, 2018USD ($)land_parcelshopping_center | Dec. 31, 2017USD ($)land_parcelshopping_center | Dec. 31, 2016USD ($) | |
Schedule of Acquisitions and Dispositions [Line Items] | ||||
Gain on sale | $ 209,168 | $ 68,847 | $ 35,613 | |
Proceeds from sale of unconsolidated joint venture interest | 0 | 12,369 | 0 | |
Gain on disposition of unconsolidated joint venture interest | $ 0 | $ 4,556 | $ 0 | |
Disposed of by Sale | ||||
Schedule of Acquisitions and Dispositions [Line Items] | ||||
Number of shopping centers sold | shopping_center | 62 | 29 | ||
Number of partial shopping centers sold | shopping_center | 2 | |||
Number of land parcels sold | land_parcel | 1 | |||
Proceeds from sale of property | $ 957,500 | $ 330,800 | ||
Gain on sale | 208,700 | 68,700 | ||
Provisions of impairment | $ 37,000 | $ 22,900 | ||
Number of outparcels sold | land_parcel | 2 | |||
Disposed of by Sale | Previously Disposed Assets | ||||
Schedule of Acquisitions and Dispositions [Line Items] | ||||
Proceeds from sale of property | $ 500 | |||
Gain on sale | $ 500 |
Dispositions and Assets Held _4
Dispositions and Assets Held for Sale (Held for Sale) (Details) $ in Thousands | Dec. 31, 2018USD ($)property | Dec. 31, 2017USD ($) |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||
Assets associated with real estate assets held for sale | $ 2,901 | $ 27,081 |
Held-for-sale | ||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||
Number of real estate properties | property | 1 | |
Land | $ 1,220 | 3,220 |
Buildings and improvements | 2,927 | 30,758 |
Accumulated depreciation and amortization | (1,334) | (7,464) |
Real estate, net | 2,813 | 26,514 |
Other assets | 88 | 567 |
Assets associated with real estate assets held for sale | 2,901 | 27,081 |
Other liabilities | 0 | 33 |
Liabilities associated with real estate assets held for sale | $ 0 | $ 33 |
Real Estate (Properties) (Detai
Real Estate (Properties) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Real Estate Owned, Disclosure of Detailed Components [Abstract] | |||
Land | $ 1,804,504 | $ 1,984,309 | |
Building and tenant improvements | 7,626,363 | 8,145,085 | |
Lease intangibles | 667,910 | 792,097 | |
Real estate, gross | 10,098,777 | 10,921,491 | |
Accumulated depreciation and amortization | (2,349,127) | (2,361,070) | |
Real estate, net | 7,749,650 | 8,560,421 | |
Accrued capital expenditures and tenant improvements | 41,700 | 22,800 | |
Accumulated amortization | 560,300 | 629,100 | |
Intangible liabilities relating to below-market leases | 392,900 | 463,300 | |
Accumulated amortization on below-market leases | 266,100 | 281,500 | |
Below-market lease intangible amortization | 26,600 | 29,600 | $ 37,700 |
Amortization of intangible assets | 35,200 | 46,200 | $ 60,000 |
Leases, acquired-in-place | |||
Real Estate Owned, Disclosure of Detailed Components [Abstract] | |||
In-place lease value | 601,000 | 715,100 | |
In-place lease amortization expense | |||
2,019 | 23,977 | ||
2,020 | 17,789 | ||
2,021 | 12,865 | ||
2,022 | 9,496 | ||
2,023 | 6,983 | ||
Above market leases | |||
Real Estate Owned, Disclosure of Detailed Components [Abstract] | |||
Above market leases | 66,900 | $ 77,000 | |
Below-market lease accretion (income), net of above-market lease amortization | |||
Below-market lease accretion (income), net of above-market lease amortization | |||
2,019 | (18,245) | ||
2,020 | (14,843) | ||
2,021 | (12,138) | ||
2,022 | (10,025) | ||
2,023 | $ (8,627) |
Real Estate (Damages) (Details)
Real Estate (Damages) (Details) - Hurricane Michael ft² in Millions, $ in Millions | 12 Months Ended | |
Dec. 31, 2018USD ($) | Oct. 07, 2018ft²property | |
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items] | ||
Number of properties effected in catastrophic event | property | 2 | |
GLA of properties effected | ft² | 0.4 | |
Properties effected, accelerated depreciation | $ 6.1 | |
Proceeds from property insurance | 3 | |
Expense on business interruption insurance recovery | 0.2 | |
Receivables | ||
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items] | ||
Property insurance receivable | $ 3.1 |
Impairments (Details)
Impairments (Details) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018USD ($)ft² | Dec. 31, 2017USD ($)ft² | Dec. 31, 2016USD ($)ft² | |
Real Estate Properties [Line Items] | |||
GLA | ft² | 2,777,418 | 1,960,278 | 136,122 |
Impairment Charge | $ 53,295 | $ 40,104 | $ 5,154 |
County Line Plaza | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 221,127 | ||
Impairment Charge | $ 10,181 | ||
Southland Shopping Plaza | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 285,278 | ||
Impairment Charge | $ 7,077 | ||
Covington Gallery | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 174,857 | ||
Impairment Charge | $ 6,748 | ||
Westview Center | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 321,382 | ||
Impairment Charge | $ 5,916 | ||
Roundtree Place | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 246,620 | ||
Impairment Charge | $ 4,317 | ||
Skyway Plaza | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 110,799 | ||
Impairment Charge | $ 3,639 | ||
Wadsworth Crossing | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 118,145 | ||
Impairment Charge | $ 3,594 | ||
Brooksville Square | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 96,361 | ||
Impairment Charge | $ 2,740 | ||
Sterling Bazaar | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 87,359 | ||
Impairment Charge | $ 1,571 | ||
Pensacola Square | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 142,767 | ||
Impairment Charge | $ 1,345 | ||
Plantation Plaza | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 99,141 | ||
Impairment Charge | $ 1,251 | ||
Kline Plaza | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 214,628 | ||
Impairment Charge | $ 1,237 | ||
Smith's | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 48,000 | 48,000 | |
Impairment Charge | $ 1,200 | $ 2,200 | |
Elkhart Plaza West | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 81,651 | ||
Impairment Charge | $ 748 | ||
Dover Park Plaza | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 56,638 | ||
Impairment Charge | $ 555 | ||
Elk Grove Town Center | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 72,385 | ||
Impairment Charge | $ 538 | ||
Crossroads Center | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 242,752 | 242,752 | |
Impairment Charge | $ 204 | $ 358 | |
Shops of Riverdale | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 16,808 | ||
Impairment Charge | $ 155 | ||
Valley Commons | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 45,580 | ||
Impairment Charge | $ 115 | ||
Mount Carmel Plaza | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 14,504 | ||
Impairment Charge | $ 115 | ||
Klein Square | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 80,636 | ||
Impairment Charge | $ 49 | ||
The Manchester Collection | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 342,247 | ||
Impairment Charge | $ 9,026 | ||
Lexington Road Plaza | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 197,668 | ||
Impairment Charge | $ 6,393 | ||
The Plaza at Salmon Run | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 68,761 | ||
Impairment Charge | $ 3,486 | ||
The Vineyards | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 144,820 | ||
Impairment Charge | $ 3,008 | ||
Highland Commons | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 130,466 | ||
Impairment Charge | $ 2,499 | ||
Parkway Pointe | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 38,737 | ||
Impairment Charge | $ 2,373 | ||
Shops at Seneca Mall | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 231,024 | ||
Impairment Charge | $ 2,226 | ||
Fashion Square | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 36,029 | ||
Impairment Charge | $ 2,125 | ||
Austin Town Center | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 110,680 | ||
Impairment Charge | $ 1,853 | ||
Renaissance Center East | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 144,216 | ||
Impairment Charge | $ 1,658 | ||
Salisbury Marketplace | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 79,732 | ||
Impairment Charge | $ 1,544 | ||
Remount Village Shopping Center | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 60,238 | ||
Impairment Charge | $ 921 | ||
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 | |
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 | ||
Inwood Forest | |||
Real Estate Properties [Line Items] | |||
GLA | ft² | 77,553 | ||
Impairment Charge | $ 52 | ||
Other | |||
Real Estate Properties [Line Items] | |||
Impairment Charge | $ (71) |
Financial Instruments - Deriv_3
Financial Instruments - Derivatives and Hedging (Notional Amount) (Details) | 12 Months Ended | |
Dec. 31, 2018USD ($)derivative_instrument | Dec. 31, 2017USD ($)derivative_instrument | |
Derivative [Line Items] | ||
Amount expected to be reclassified from accumulated other comprehensive loss in the next twelve months | $ 8,400,000 | |
Interest Rate Swap | Designated as Hedging Instrument | ||
Derivative [Line Items] | ||
Number of Instruments | derivative_instrument | 10 | 9 |
Notional Amount | $ 1,200,000,000 | $ 1,400,000,000 |
Effective Date January 2, 2019 | Interest Rate Swap | Designated as Hedging Instrument | ||
Derivative [Line Items] | ||
Number of Instruments | derivative_instrument | 4 | |
Notional Amount | $ 300,000,000 | |
Fixed interest rate | 2.61% |
Financial Instruments - Deriv_4
Financial Instruments - Derivatives and Hedging (Fair Value) (Details) - Interest Rate Swap - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Derivatives, Fair Value [Line Items] | ||
Gross derivative assets | $ 18,630 | $ 24,420 |
Gross derivative liabilities | (2,571) | 0 |
Net derivative assets | $ 16,059 | $ 24,420 |
Financial Instruments - Deriv_5
Financial Instruments - Derivatives and Hedging (Cash Flow Hedging Relationship) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |||
Change in unrealized gain on interest rate swaps | $ 3,837 | $ 4,976 | $ 19,081 |
Amortization (accretion) of interest rate swaps to interest expense | (12,198) | (2,161) | 4,961 |
Change in unrealized gain (loss) on interest rate swaps, net | $ (8,361) | $ 2,815 | $ 24,042 |
Debt Obligations (Shedule of De
Debt Obligations (Shedule of Debt) (Details) | 12 Months Ended | ||
Dec. 31, 2018USD ($)derivative_instrument | Dec. 12, 2018USD ($)derivative_instrument | Dec. 31, 2017USD ($) | |
Debt obligations under various arrangements with financial institutions | |||
Long-term debt | $ 4,931,453,000 | ||
Net unamortized discount | 10,200,000 | ||
Net unamortized debt issuance costs | (34,290,000) | ||
Net unamortized discount | (11,300,000) | ||
Total debt obligations | 4,885,863,000 | $ 5,676,238,000 | |
Collateral carrying value | 0 | ||
Term Loan | Unsecured $300 Million Term Loan | Interest Rate Swap | |||
Debt obligations under various arrangements with financial institutions | |||
Notional Amount | $ 50,000,000 | ||
Term Loan | Unsecured $500 Million Term Loan | Interest Rate Swap | |||
Debt obligations under various arrangements with financial institutions | |||
Number of Instruments | derivative_instrument | 3 | ||
Secured Debt | |||
Debt obligations under various arrangements with financial institutions | |||
Long-term debt | 7,000,000 | 902,717,000 | |
Net unamortized discount | 262,000 | 15,321,000 | |
Net unamortized debt issuance costs | (45,000) | (93,000) | |
Long-term Debt | $ 7,217,000 | 917,945,000 | |
Stated percentage | 4.40% | ||
Unsecured Debt | |||
Debt obligations under various arrangements with financial institutions | |||
Long-term debt | $ 3,468,453,000 | 3,218,453,000 | |
Net unamortized debt issuance costs | (20,877,000) | (22,476,000) | |
Net unamortized discount | (11,562,000) | (13,485,000) | |
Long-term Debt | $ 3,436,014,000 | 3,182,492,000 | |
Weighted average fixed interest rate | 3.79% | ||
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 | Term Loan | |||
Debt obligations under various arrangements with financial institutions | |||
Long-term debt | $ 500,000,000 | 685,000,000 | |
Stated percentage | 3.63% | ||
Unsecured Debt | Term Loan | Unsecured $350 Million Term Loan | |||
Debt obligations under various arrangements with financial institutions | |||
Long-term debt | $ 350,000,000 | 600,000,000 | |
Stated percentage | 3.625% | ||
Stated spread rate | 1.25% | ||
Term loan face amount | $ 350,000,000 | ||
Unsecured Debt | Term Loan | Unsecured $350 Million Term Loan | Interest Rate Swap | |||
Debt obligations under various arrangements with financial institutions | |||
Number of Instruments | derivative_instrument | 3 | ||
Unsecured Debt | Term Loan | Unsecured $300 Million Term Loan | |||
Debt obligations under various arrangements with financial institutions | |||
Long-term debt | $ 300,000,000 | 300,000,000 | |
Stated percentage | 4.24925% | ||
Stated spread rate | 1.90% | ||
Term loan face amount | $ 300,000,000 | $ 300,000,000 | |
Effective percentage | 2.61% | ||
Unsecured Debt | Term Loan | Unsecured $300 Million Term Loan | Interest Rate Swap | |||
Debt obligations under various arrangements with financial institutions | |||
Number of Instruments | derivative_instrument | 4 | ||
Unsecured Debt | Term Loan | Unsecured $500 Million Term Loan | |||
Debt obligations under various arrangements with financial institutions | |||
Stated spread rate | 1.25% | ||
Term loan face amount | $ 500,000,000 | ||
Effective percentage | 1.11% | ||
Unsecured Debt | Term Loan | Unsecured $350 Million Term Loan and Unsecured $300 Million Term Loan | |||
Debt obligations under various arrangements with financial institutions | |||
Effective percentage | 0.88% | ||
Unsecured Debt | Unsecured Credit Facility | |||
Debt obligations under various arrangements with financial institutions | |||
Long-term debt | $ 306,000,000 | 0 | |
Stated percentage | 3.53% | ||
Term loan face amount | $ 1,250,000,000 | ||
Unsecured Debt | Unsecured Credit Facility and Term Loan | |||
Debt obligations under various arrangements with financial institutions | |||
Net unamortized debt issuance costs | (13,368,000) | (9,199,000) | |
Long-term Debt | $ 1,442,632,000 | $ 1,575,801,000 |
Debt Obligations (Narrative) (D
Debt Obligations (Narrative) (Details) | 1 Months Ended | 12 Months Ended | ||||
Dec. 31, 2018USD ($) | Aug. 31, 2018USD ($) | Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | Dec. 31, 2016USD ($) | Dec. 12, 2018USD ($)extension | |
Debt Instrument [Line Items] | ||||||
Long-term debt | $ 4,931,453,000 | $ 4,931,453,000 | ||||
Gain (loss) on extinguishment of debt, net | (37,096,000) | $ 498,000 | $ (832,000) | |||
Legal defeasance fees | 24,300,000 | |||||
Payment for debt extinguishment cost | 23,000,000 | |||||
Net unamortized discount | 10,200,000 | 10,200,000 | ||||
Interest payable | 34,000,000 | 34,000,000 | 35,900,000 | |||
Unsecured Debt | ||||||
Debt Instrument [Line Items] | ||||||
Long-term debt | 3,468,453,000 | 3,468,453,000 | 3,218,453,000 | |||
Unsecured Debt | Unsecured Credit Facility | ||||||
Debt Instrument [Line Items] | ||||||
Term loan face amount | 1,250,000,000 | 1,250,000,000 | ||||
Long-term debt | $ 306,000,000 | $ 306,000,000 | 0 | |||
Unsecured Debt | Unsecured Credit Facility | Minimum | ||||||
Debt Instrument [Line Items] | ||||||
Facility fee percent | 0.125% | 0.125% | ||||
Unsecured Debt | Unsecured Credit Facility | Maximum | ||||||
Debt Instrument [Line Items] | ||||||
Additional increase | $ 1,000,000,000 | $ 1,000,000,000 | ||||
Facility fee percent | 0.30% | 0.30% | ||||
Unsecured Debt | Unsecured Credit Facility | LIBOR | Minimum | ||||||
Debt Instrument [Line Items] | ||||||
Stated spread rate | 0.775% | |||||
Unsecured Debt | Unsecured Credit Facility | LIBOR | Maximum | ||||||
Debt Instrument [Line Items] | ||||||
Stated spread rate | 1.45% | |||||
Unsecured Debt | Unsecured Credit Facility | Base Rate | Minimum | ||||||
Debt Instrument [Line Items] | ||||||
Stated spread rate | 0.00% | |||||
Unsecured Debt | Unsecured Credit Facility | Base Rate | Maximum | ||||||
Debt Instrument [Line Items] | ||||||
Stated spread rate | 0.45% | |||||
Unsecured Debt | Term Loan | ||||||
Debt Instrument [Line Items] | ||||||
Debt repaid | $ 435,000,000 | |||||
Long-term debt | $ 500,000,000 | 500,000,000 | 685,000,000 | |||
Secured Debt | ||||||
Debt Instrument [Line Items] | ||||||
Long-term debt | 7,000,000 | 7,000,000 | 902,717,000 | |||
Remaining borrowing capacity | 412,200,000 | 412,200,000 | ||||
Net unamortized discount | 262,000 | 262,000 | 15,321,000 | |||
Secured Debt | Term Loan | ||||||
Debt Instrument [Line Items] | ||||||
Debt repaid | 881,400,000 | |||||
Remaining borrowing capacity | 469,200,000 | 469,200,000 | ||||
Brixmor Operating Partnership LP | ||||||
Debt Instrument [Line Items] | ||||||
Gain (loss) on extinguishment of debt, net | (37,096,000) | 498,000 | $ (832,000) | |||
Floating Rate Senior Notes due 2022 | Brixmor Operating Partnership LP | ||||||
Debt Instrument [Line Items] | ||||||
Term loan face amount | $ 250,000,000 | |||||
Floating Rate Senior Notes due 2022 | Brixmor Operating Partnership LP | LIBOR | ||||||
Debt Instrument [Line Items] | ||||||
Stated spread rate | 1.05% | |||||
Unsecured $600M Term Loan | Unsecured Debt | Term Loan | ||||||
Debt Instrument [Line Items] | ||||||
Term loan face amount | $ 600,000,000 | 600,000,000 | ||||
Debt repaid | $ 250,000,000 | |||||
Unsecured $500 Million Term Loan | Unsecured Debt | Term Loan | ||||||
Debt Instrument [Line Items] | ||||||
Term loan face amount | $ 500,000,000 | |||||
Stated spread rate | 1.25% | |||||
Number of extensions | extension | 2 | |||||
Extension period | 6 months | |||||
Commitment fee percentage | 0.0625% | |||||
Unsecured $500 Million Term Loan | Unsecured Debt | Term Loan | LIBOR | ||||||
Debt Instrument [Line Items] | ||||||
Stated spread rate | 1.00% | |||||
Unsecured $500 Million Term Loan | Unsecured Debt | Term Loan | LIBOR | Minimum | ||||||
Debt Instrument [Line Items] | ||||||
Stated spread rate | 0.85% | |||||
Unsecured $500 Million Term Loan | Unsecured Debt | Term Loan | LIBOR | Maximum | ||||||
Debt Instrument [Line Items] | ||||||
Stated spread rate | 1.65% | |||||
Unsecured $500 Million Term Loan | Unsecured Debt | Term Loan | Base Rate | Minimum | ||||||
Debt Instrument [Line Items] | ||||||
Stated spread rate | 0.00% | |||||
Unsecured $500 Million Term Loan | Unsecured Debt | Term Loan | Base Rate | Maximum | ||||||
Debt Instrument [Line Items] | ||||||
Stated spread rate | 0.65% | |||||
Unsecured $500 Million Term Loan | Unsecured Debt | Term Loan | Federal Funds | ||||||
Debt Instrument [Line Items] | ||||||
Stated spread rate | 0.50% | |||||
Unsecured $350 Million Term Loan | Unsecured Debt | Term Loan | ||||||
Debt Instrument [Line Items] | ||||||
Term loan face amount | $ 350,000,000 | |||||
Stated spread rate | 1.25% | |||||
Long-term debt | $ 350,000,000 | $ 350,000,000 | 600,000,000 | |||
Unsecured $350 Million Term Loan | Unsecured Debt | Term Loan | Maximum | ||||||
Debt Instrument [Line Items] | ||||||
Additional increase | 250,000,000 | $ 250,000,000 | ||||
Unsecured $350 Million Term Loan | Unsecured Debt | Term Loan | LIBOR | Minimum | ||||||
Debt Instrument [Line Items] | ||||||
Stated spread rate | 0.85% | |||||
Unsecured $350 Million Term Loan | Unsecured Debt | Term Loan | LIBOR | Maximum | ||||||
Debt Instrument [Line Items] | ||||||
Stated spread rate | 1.65% | |||||
Unsecured $350 Million Term Loan | Unsecured Debt | Term Loan | Base Rate | Minimum | ||||||
Debt Instrument [Line Items] | ||||||
Stated spread rate | 0.00% | |||||
Unsecured $350 Million Term Loan | Unsecured Debt | Term Loan | Base Rate | Maximum | ||||||
Debt Instrument [Line Items] | ||||||
Stated spread rate | 0.65% | |||||
Unsecured $300 Million Term Loan | Unsecured Debt | Term Loan | ||||||
Debt Instrument [Line Items] | ||||||
Term loan face amount | 300,000,000 | $ 300,000,000 | $ 300,000,000 | |||
Stated spread rate | 1.90% | |||||
Long-term debt | 300,000,000 | $ 300,000,000 | $ 300,000,000 | |||
Unsecured $300 Million Term Loan | Unsecured Debt | Term Loan | Maximum | ||||||
Debt Instrument [Line Items] | ||||||
Additional increase | $ 500,000,000 | $ 500,000,000 | ||||
Unsecured $300 Million Term Loan | Unsecured Debt | Term Loan | LIBOR | Minimum | After July 28, 2019 | ||||||
Debt Instrument [Line Items] | ||||||
Stated spread rate | 0.85% | |||||
Unsecured $300 Million Term Loan | Unsecured Debt | Term Loan | LIBOR | Minimum | Before July 28, 2019 | ||||||
Debt Instrument [Line Items] | ||||||
Stated spread rate | 1.50% | |||||
Unsecured $300 Million Term Loan | Unsecured Debt | Term Loan | LIBOR | Maximum | After July 28, 2019 | ||||||
Debt Instrument [Line Items] | ||||||
Stated spread rate | 1.65% | |||||
Unsecured $300 Million Term Loan | Unsecured Debt | Term Loan | LIBOR | Maximum | Before July 28, 2019 | ||||||
Debt Instrument [Line Items] | ||||||
Stated spread rate | 2.45% | |||||
Unsecured $300 Million Term Loan | Unsecured Debt | Term Loan | Base Rate | Minimum | After July 28, 2019 | ||||||
Debt Instrument [Line Items] | ||||||
Stated spread rate | 0.00% | |||||
Unsecured $300 Million Term Loan | Unsecured Debt | Term Loan | Base Rate | Minimum | Before July 28, 2019 | ||||||
Debt Instrument [Line Items] | ||||||
Stated spread rate | 0.50% | |||||
Unsecured $300 Million Term Loan | Unsecured Debt | Term Loan | Base Rate | Maximum | After July 28, 2019 | ||||||
Debt Instrument [Line Items] | ||||||
Stated spread rate | 0.65% | |||||
Unsecured $300 Million Term Loan | Unsecured Debt | Term Loan | Base Rate | Maximum | Before July 28, 2019 | ||||||
Debt Instrument [Line Items] | ||||||
Stated spread rate | 1.45% |
Debt Obligations (Maturities) (
Debt Obligations (Maturities) (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Future expected/scheduled maturities of outstanding debt and capital lease | ||
2,019 | $ 0 | |
2,020 | 0 | |
2,021 | 500,000 | |
2,022 | 750,000 | |
2,023 | 1,156,000 | |
Thereafter | 2,525,453 | |
Total debt maturities | 4,931,453 | |
Net unamortized discount | (11,300) | |
Net unamortized debt issuance costs | (34,290) | |
Total debt obligations, net | $ 4,885,863 | $ 5,676,238 |
Fair Value Disclosures (Debt Ob
Fair Value Disclosures (Debt Obligations) (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Estimated fair value of the Company's debt obligations compared to their carrying amounts | ||
Mortgages and secured loans payable | $ 4,885,863 | $ 5,676,238 |
Total debt obligations, net | 4,885,863 | 5,676,238 |
Carrying Amount | ||
Estimated fair value of the Company's debt obligations compared to their carrying amounts | ||
Mortgages and secured loans payable | 7,217 | 917,945 |
Notes payable | 3,436,014 | 3,182,492 |
Unsecured credit facility and term loan | 1,442,632 | 1,575,801 |
Total debt obligations, net | 4,885,863 | 5,676,238 |
Fair Value | ||
Estimated fair value of the Company's debt obligations compared to their carrying amounts | ||
Mortgages and secured loans payable | 7,072 | 963,702 |
Notes payable | 3,372,418 | 3,224,877 |
Unsecured credit facility and term loan | 1,452,382 | 1,586,206 |
Total debt obligations | $ 4,831,872 | $ 5,774,785 |
Fair Value Disclosures (Measure
Fair Value Disclosures (Measurements) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Impairment of real estate | $ 53,295 | $ 40,104 | $ 5,154 |
Westview Center | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Real estate investment, fair value | 26,100 | ||
Skyway Plaza | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Real estate investment, fair value | 2,900 | ||
Covington Gallery | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Real estate investment, fair value | 2,700 | ||
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 | ||
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 | ||
Maximum | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Marketable securities, unrealized losses | $ (100) | $ (200) | |
Terminal capitalization rates | 9.30% | 8.50% | |
Discount rates | 10.40% | 9.50% | |
Minimum | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Terminal capitalization rates | 9.00% | 7.00% | |
Discount rates | 6.00% | 7.90% | |
Fair Value, Measurements, Recurring | Marketable Securities | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Derivative asset | $ 30,243 | $ 28,006 | |
Fair Value, Measurements, Recurring | Interest Rate Derivatives | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Derivative asset | 18,630 | 24,420 | |
Derivative liability | (2,571) | ||
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 | 1,756 | 725 | |
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 | |
Derivative liability | 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 | 28,487 | 27,281 | |
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 | 18,630 | 24,420 | |
Derivative liability | (2,571) | ||
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 | |
Derivative liability | 0 | ||
Fair Value, Measurements, Nonrecurring | Properties | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Derivative asset | 31,725 | 73,303 | |
Impairment of real estate | 16,303 | 17,195 | |
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 | $ 31,725 | $ 73,303 |
Revenue Recognition (Details)
Revenue Recognition (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Revenue Recognition [Abstract] | |||
2,019 | $ 811,381 | ||
2,020 | 709,230 | ||
2,021 | 599,367 | ||
2,022 | 490,087 | ||
2,023 | 392,892 | ||
Thereafter | 1,368,278 | ||
Operating leases, income statement, revenue | 6,600 | $ 7,100 | $ 5,900 |
Allowance for doubtful accounts, rent receivables | 14,100 | 12,100 | |
Deferred rent receivables | 120,600 | 113,900 | |
Allowance for doubtful accounts, deferred rent receivables | $ 7,600 | $ 5,100 |
Equity and Capital (Details)
Equity and Capital (Details) - USD ($) $ / shares in Units, $ in Millions | 12 Months Ended | ||||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Sep. 30, 2018 | Dec. 05, 2017 | |
Schedule of Shareholders' Equity [Line Items] | |||||
Compensation cost | $ 0.1 | $ 0.1 | |||
Available repurchase amount | $ 289.5 | ||||
Dividends, per common share | $ 1.105 | $ 1.055 | $ 0.995 | ||
Secondary offering expenses | $ 0.9 | ||||
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 | ||||
Parent Company | Operating Partnership | |||||
Schedule of Shareholders' Equity [Line Items] | |||||
Ownership percentage | 100.00% | ||||
OP Units | |||||
Schedule of Shareholders' Equity [Line Items] | |||||
Conversion of stock, shares converted (in shares) | 400,000 | ||||
Accounts Payable and Accrued Liabilities | |||||
Schedule of Shareholders' Equity [Line Items] | |||||
Dividends payable | $ 85.6 | $ 85.3 | |||
Common Stock | |||||
Schedule of Shareholders' Equity [Line Items] | |||||
Share repurchase program, number of shares authorized (in shares) | 6,300,000 | 300,000 | |||
Share repurchase program, average cost per share | $ 16.56 | $ 17.94 | |||
Share repurchase program, value | $ 104.6 | $ 5.9 | |||
Stock repurchased during period, shares | 6,315,000 | 327,000 | |||
Conversion of stock, shares converted (in shares) | 403,000 | 4,976,000 | |||
Common Stock | RSUs | |||||
Schedule of Shareholders' Equity [Line Items] | |||||
Stock repurchased during period, shares | 100,000 | 100,000 | |||
Common Stock | Maximum | |||||
Schedule of Shareholders' Equity [Line Items] | |||||
Share repurchase program, authorized amount | $ 400 |
Stock Based Compensation (Narra
Stock Based Compensation (Narrative) (Details) - USD ($) $ in Thousands, shares in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Number of shares authorized | 15 | ||
Grants in period | 0.8 | 0.6 | 0.8 |
Expected dividend rate | 5.60% | ||
Equity based compensation | $ 9,378 | $ 10,477 | $ 11,569 |
Reversal of previously recognized equity compensation expense | 2,600 | ||
Accelerated share repurchases, allocated share-based compensation expense | 2,700 | ||
Compensation cost not yet recognized | $ 11,400 | ||
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 | 29.00% | 22.00% | |
Risk free interest rate | 2.43% | 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 | 32.00% | 23.00% | |
Risk free interest rate | 2.53% | 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, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Restricted Shares | |||
Outstanding, beginning balance | 1,236 | 1,015 | 1,172 |
Vested | (292) | (343) | (519) |
Granted | 822 | 633 | 881 |
Forfeited | (268) | (69) | (519) |
Outstanding, ending balance | 1,498 | 1,236 | 1,015 |
Aggregate Intrinsic Value | |||
Outstanding, beginning balance | $ 26,974 | $ 23,080 | $ 25,649 |
Vested | (5,060) | (7,614) | (12,550) |
Granted | 13,016 | 12,762 | 18,842 |
Forfeited | (4,299) | (1,254) | (8,861) |
Outstanding, ending balance | $ 30,631 | $ 26,974 | $ 23,080 |
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, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Earnings Per Share, Basic [Abstract] | |||||||||||
Net income | $ 366,284 | $ 300,369 | $ 278,142 | ||||||||
Net income attributable to non-controlling interests | 0 | (76) | (2,514) | ||||||||
Non-forfeitable dividends on unvested restricted shares | (331) | (37) | (40) | ||||||||
Preferred stock dividends | 0 | (39) | (150) | ||||||||
Net income attributable to the Company’s common stockholders for basic earnings per share | $ 365,953 | $ 300,217 | $ 275,438 | ||||||||
Weighted average number shares outstanding – basic | 302,074 | 304,834 | 301,601 | ||||||||
Net income per share (usd per share) | $ 0.26 | $ 0.49 | $ 0.27 | $ 0.20 | $ 0.23 | $ 0.27 | $ 0.25 | $ 0.23 | $ 1.21 | $ 0.98 | $ 0.91 |
Computation of Diluted Earnings Per Share: | |||||||||||
Net income attributable to the Company’s common stockholders for basic earnings per share | $ 365,953 | $ 300,217 | $ 275,438 | ||||||||
Allocation of net income to dilutive convertible non-controlling interests | 0 | 76 | 2,514 | ||||||||
Net income attributable to the Company’s common stockholders for diluted earnings per share | $ 365,953 | $ 300,293 | $ 277,952 | ||||||||
Conversion of OP Units (in shares) | 0 | 79 | 3,000 | ||||||||
Equity awards (in shares) | 265 | 368 | 459 | ||||||||
Weighted average shares outstanding - diluted (in shares) | 302,339 | 305,281 | 305,060 | ||||||||
Net income per share (usd per share) | $ 0.26 | $ 0.49 | $ 0.26 | $ 0.20 | $ 0.23 | $ 0.27 | $ 0.25 | $ 0.23 | $ 1.21 | $ 0.98 | $ 0.91 |
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, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Schedule of Earnings per Share [Line Items] | |||||||||||
Net income | $ 366,284 | $ 300,369 | $ 278,142 | ||||||||
Non-forfeitable dividends on unvested restricted shares | (331) | (37) | (40) | ||||||||
Net income attributable to the Company’s common stockholders for basic earnings per share | $ 365,953 | $ 300,217 | $ 275,438 | ||||||||
Weighted average number shares outstanding – basic | 302,074 | 304,834 | 301,601 | ||||||||
Net income per share (usd per share) | $ 0.26 | $ 0.49 | $ 0.27 | $ 0.20 | $ 0.23 | $ 0.27 | $ 0.25 | $ 0.23 | $ 1.21 | $ 0.98 | $ 0.91 |
Net income attributable to the Company’s common stockholders for diluted earnings per share | $ 365,953 | $ 300,293 | $ 277,952 | ||||||||
Equity awards (in shares) | 265 | 368 | 459 | ||||||||
Weighted average shares outstanding - diluted (in shares) | 302,339 | 305,281 | 305,060 | ||||||||
Net income per share (usd per share) | 0.26 | 0.49 | 0.26 | 0.20 | 0.23 | 0.27 | 0.25 | 0.23 | $ 1.21 | $ 0.98 | $ 0.91 |
Brixmor Operating Partnership LP | |||||||||||
Schedule of Earnings per Share [Line Items] | |||||||||||
Net income | $ 366,284 | $ 300,369 | $ 278,142 | ||||||||
Non-forfeitable dividends on unvested restricted shares | (331) | (37) | (40) | ||||||||
Net income attributable to the Company’s common stockholders for basic earnings per share | $ 365,953 | $ 300,332 | $ 278,102 | ||||||||
Weighted average number shares outstanding – basic | 302,074 | 304,913 | 304,600 | ||||||||
Net income per share (usd per share) | 0.26 | 0.49 | 0.27 | 0.20 | 0.23 | 0.27 | 0.25 | 0.23 | $ 1.21 | $ 0.98 | $ 0.91 |
Net income attributable to the Company’s common stockholders for diluted earnings per share | $ 365,953 | $ 300,332 | $ 278,102 | ||||||||
Equity awards (in shares) | 265 | 368 | 459 | ||||||||
Weighted average shares outstanding - diluted (in shares) | 302,339 | 305,281 | 305,059 | ||||||||
Net income per share (usd per share) | $ 0.26 | $ 0.49 | $ 0.26 | $ 0.20 | $ 0.23 | $ 0.27 | $ 0.25 | $ 0.23 | $ 1.21 | $ 0.98 | $ 0.91 |
Commitments and Contingencies_2
Commitments and Contingencies (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Oct. 10, 2018 | |
Loss Contingencies [Line Items] | ||||
Estimate of possible loss | $ 28,000 | |||
Accrual | $ 19,500 | |||
Litigation settlement | 8,500 | |||
Rent expense | 7,100 | 7,500 | $ 8,300 | |
Operating Leases, Future Minimum Payments Due, Rolling Maturity [Abstract] | ||||
2,019 | 6,929 | |||
2,020 | 6,948 | |||
2,021 | 7,157 | |||
2,022 | 7,233 | |||
2,023 | 5,827 | |||
Thereafter | 43,876 | |||
Total minimum annual rental commitments | 77,970 | |||
Activity in Reserve for Losses for Insurance Captive [Roll Forward] | ||||
Balance at the beginning of the year | 13,295 | 15,045 | ||
Incurred, Current Year | 3,833 | 4,205 | ||
Incurred, Prior Years | (1,624) | (3,157) | ||
Insurance Captive Accrual | 2,209 | 1,048 | ||
Paid, Current Year | (336) | (299) | ||
Paid, Prior Years | (2,698) | (2,499) | ||
Insurance Captive Paid | (3,034) | (2,798) | ||
Balance at the end of the year | 12,470 | $ 13,295 | $ 15,045 | |
Accounts Payable and Accrued Liabilities | ||||
Loss Contingencies [Line Items] | ||||
Accrual | 19,500 | |||
Accounts Receivable | ||||
Loss Contingencies [Line Items] | ||||
Receivable | 19,500 | |||
Case No. 653091/2018 | ||||
Loss Contingencies [Line Items] | ||||
Estimate of possible loss | $ 8,000 | |||
Pending Litigation | ||||
Loss Contingencies [Line Items] | ||||
Estimate of possible loss | 7,000 | |||
Pending Litigation | General and Administrative Expense | ||||
Loss Contingencies [Line Items] | ||||
Accrual | $ 7,000 |
Income Taxes (Details)
Income Taxes (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Income Tax Disclosure [Abstract] | |||
State and local income taxes or franchise taxes | $ 2.6 | $ 2.4 | $ 3.3 |
Related-Party Transactions (Det
Related-Party Transactions (Details) - USD ($) $ in Thousands | Jul. 05, 2017 | Apr. 12, 2016 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Aug. 31, 2017 |
Related Party Transaction [Line Items] | ||||||
Payments to acquire real estate | $ 17,447 | $ 190,487 | $ 46,833 | |||
Real estate assets held for sale | $ 2,901 | $ 27,081 | ||||
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 assets held for sale | $ 3,900 |
Retirement Plan (Details)
Retirement Plan (Details) - Savings Plan - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
General and Administrative Expense | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Cost recognized | $ 1.4 | $ 1.2 | $ 1.2 |
Maximum | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Employer matching contribution | 3.00% |
Supplemental Financial Inform_3
Supplemental Financial Information (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Supplemental Financial Information [Line Items] | |||||||||||
Total revenues | $ 297,655 | $ 306,480 | $ 313,030 | $ 317,175 | $ 320,060 | $ 314,496 | $ 322,818 | $ 325,806 | $ 1,234,340 | $ 1,283,180 | $ 1,275,772 |
Net income attributable to | $ 77,554 | $ 147,346 | $ 80,362 | $ 61,022 | $ 69,896 | $ 83,380 | $ 75,399 | $ 71,579 | $ 366,284 | $ 300,293 | $ 275,628 |
Net income per share - Basic (usd per share) | $ 0.26 | $ 0.49 | $ 0.27 | $ 0.20 | $ 0.23 | $ 0.27 | $ 0.25 | $ 0.23 | $ 1.21 | $ 0.98 | $ 0.91 |
Net Income per Share - Diluted (usd per share) | $ 0.26 | $ 0.49 | $ 0.26 | $ 0.20 | $ 0.23 | $ 0.27 | $ 0.25 | $ 0.23 | $ 1.21 | $ 0.98 | $ 0.91 |
Brixmor Operating Partnership LP | |||||||||||
Supplemental Financial Information [Line Items] | |||||||||||
Total revenues | $ 297,655 | $ 306,480 | $ 313,030 | $ 317,175 | $ 320,060 | $ 314,496 | $ 322,818 | $ 325,806 | $ 1,234,340 | $ 1,283,180 | $ 1,275,772 |
Net income attributable to | $ 77,554 | $ 147,346 | $ 80,362 | $ 61,022 | $ 69,896 | $ 83,380 | $ 75,438 | $ 71,655 | |||
Net income per share - Basic (usd per share) | $ 0.26 | $ 0.49 | $ 0.27 | $ 0.20 | $ 0.23 | $ 0.27 | $ 0.25 | $ 0.23 | $ 1.21 | $ 0.98 | $ 0.91 |
Net Income per Share - Diluted (usd per share) | $ 0.26 | $ 0.49 | $ 0.26 | $ 0.20 | $ 0.23 | $ 0.27 | $ 0.25 | $ 0.23 | $ 1.21 | $ 0.98 | $ 0.91 |
Schedule II - Valuation and Q_2
Schedule II - Valuation and Qualifying Accounts (Details) - Allowance for Doubtful Accounts - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Movement in Valuation Allowances and Reserves [Roll Forward] | |||
Balance at Beginning of Period | $ 17,205 | $ 16,756 | $ 16,587 |
Charged/ (Credited) to Expense | 10,082 | 5,323 | 9,182 |
Written Off | (5,563) | (4,874) | (9,013) |
Balance at End of Period | $ 21,724 | $ 17,205 | $ 16,756 |
Schedule III - Real Estate an_2
Schedule III - Real Estate and Accumulated Depreciation (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ (7,000) | |||
Initial Cost to Company, Land | 1,788,041 | |||
Initial Cost to Company, Building & Improvements | 7,040,161 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,270,575 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,804,504 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 8,294,273 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 10,098,777 | $ 10,921,491 | $ 11,009,058 | $ 10,932,850 |
Accumulated Depreciation | (2,349,127) | $ (2,361,070) | $ (2,167,054) | $ (1,880,685) |
Springdale, Mobile, AL | ||||
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 | 17,705 | |||
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 | 50,790 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 58,250 | |||
Accumulated Depreciation | $ (13,552) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Payton Park, Sylacauga, AL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,830 | |||
Initial Cost to Company, Building & Improvements | 14,335 | |||
Initial Cost to Company, Subsequent to Acquisition | 486 | |||
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 | 14,821 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 16,651 | |||
Accumulated Depreciation | $ (5,534) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Glendale Galleria, Glendale, AZ | ||||
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 | 9,324 | |||
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 | 16,218 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 20,288 | |||
Accumulated Depreciation | $ (3,770) | |||
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 | 2,383 | |||
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 | 20,349 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 23,489 | |||
Accumulated Depreciation | $ (5,798) | |||
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 | 25,397 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,541 | |||
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 | 26,938 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 30,971 | |||
Accumulated Depreciation | $ (6,865) | |||
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 | 24,893 | |||
Initial Cost to Company, Subsequent to Acquisition | 10,813 | |||
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 | 35,204 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 39,706 | |||
Accumulated Depreciation | $ (11,270) | |||
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 | 2,073 | |||
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 | 21,595 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 27,005 | |||
Accumulated Depreciation | $ (6,545) | |||
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 | 234 | |||
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 | 12,809 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 15,274 | |||
Accumulated Depreciation | $ (2,720) | |||
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 | 12,276 | |||
Initial Cost to Company, Subsequent to Acquisition | 10,373 | |||
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 | 22,361 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 27,139 | |||
Accumulated Depreciation | $ (3,096) | |||
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 | 2,016 | |||
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 | 20,072 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 24,342 | |||
Accumulated Depreciation | $ (5,986) | |||
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 | 954 | |||
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 | 13,388 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 17,668 | |||
Accumulated Depreciation | $ (4,222) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Felicita Town Center, Escondido, CA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 11,231 | |||
Initial Cost to Company, Building & Improvements | 31,324 | |||
Initial Cost to Company, Subsequent to Acquisition | 287 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 11,230 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 31,612 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 42,842 | |||
Accumulated Depreciation | $ (3,601) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Arbor - Broadway Faire, Fresno, CA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 5,940 | |||
Initial Cost to Company, Building & Improvements | 33,885 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,304 | |||
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 | 36,189 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 42,129 | |||
Accumulated Depreciation | $ (11,267) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Lompoc 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 | 15,515 | |||
Initial Cost to Company, Subsequent to Acquisition | 4,745 | |||
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 | 20,260 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 24,930 | |||
Accumulated Depreciation | $ (7,348) | |||
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 | 10,358 | |||
Initial Cost to Company, Subsequent to Acquisition | 3,111 | |||
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 | 13,469 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 15,609 | |||
Accumulated Depreciation | $ (3,974) | |||
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 | 32,536 | |||
Initial Cost to Company, Subsequent to Acquisition | 7,169 | |||
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 | 39,705 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 53,065 | |||
Accumulated Depreciation | $ (12,783) | |||
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 | 13,649 | |||
Initial Cost to Company, Subsequent to Acquisition | 5,801 | |||
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 | 19,450 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 24,630 | |||
Accumulated Depreciation | $ (4,146) | |||
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 | 739 | |||
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 | 16,671 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 23,721 | |||
Accumulated Depreciation | $ (7,329) | |||
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 | 1,675 | |||
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 | 20,918 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 31,418 | |||
Accumulated Depreciation | $ (6,666) | |||
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 | 60,212 | |||
Initial Cost to Company, Subsequent to Acquisition | 14,378 | |||
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 | 74,590 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 94,209 | |||
Accumulated Depreciation | $ (15,352) | |||
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 | 38,703 | |||
Initial Cost to Company, Subsequent to Acquisition | 5,638 | |||
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 | 44,341 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 60,011 | |||
Accumulated Depreciation | $ (11,256) | |||
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 | 29,741 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,124 | |||
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 | 31,865 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 47,615 | |||
Accumulated Depreciation | $ (8,511) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Village at Mira Mesa, 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 | 70,850 | |||
Initial Cost to Company, Subsequent to Acquisition | 15,934 | |||
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 | 86,784 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 101,654 | |||
Accumulated Depreciation | $ (18,600) | |||
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 | 20,513 | |||
Initial Cost to Company, Subsequent to Acquisition | 7,879 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 15,101 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 24,781 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 39,882 | |||
Accumulated Depreciation | $ (6,188) | |||
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 | 21,143 | |||
Initial Cost to Company, Subsequent to Acquisition | 3,025 | |||
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 | 23,556 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 33,278 | |||
Accumulated Depreciation | $ (6,293) | |||
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 | 30,113 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,372 | |||
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 | 32,485 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 42,465 | |||
Accumulated Depreciation | $ (9,871) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Santa Paula 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 | 17,776 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,082 | |||
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 | 18,858 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 22,378 | |||
Accumulated Depreciation | $ (6,657) | |||
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 | 22,016 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,669 | |||
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 | 23,685 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 27,435 | |||
Accumulated Depreciation | $ (7,642) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Country Hills Shopping Center, Torrance, CA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,589 | |||
Initial Cost to Company, Building & Improvements | 8,683 | |||
Initial Cost to Company, Subsequent to Acquisition | (291) | |||
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 | 8,392 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 11,981 | |||
Accumulated Depreciation | $ (2,202) | |||
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 | 67,358 | |||
Initial Cost to Company, Subsequent to Acquisition | 21,588 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 12,947 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 87,879 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 100,826 | |||
Accumulated Depreciation | $ (21,922) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Plaza By The Sea, San Clemente, CA | ||||
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 | 236 | |||
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 | 5,697 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 15,304 | |||
Accumulated Depreciation | $ (365) | |||
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 | 23,126 | |||
Initial Cost to Company, Subsequent to Acquisition | 181 | |||
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 | 23,307 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 32,358 | |||
Accumulated Depreciation | $ (1,557) | |||
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 | 495 | |||
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 | 7,873 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 9,033 | |||
Accumulated Depreciation | $ (3,838) | |||
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 | 54,786 | |||
Initial Cost to Company, Subsequent to Acquisition | 15,587 | |||
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 | 70,373 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 84,049 | |||
Accumulated Depreciation | $ (14,130) | |||
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 | 1,790 | |||
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 | 10,936 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 14,846 | |||
Accumulated Depreciation | $ (5,627) | |||
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 | 6,189 | |||
Initial Cost to Company, Subsequent to Acquisition | 4,475 | |||
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 | 10,664 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 13,754 | |||
Accumulated Depreciation | $ (2,582) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Superior Marketplace, Superior, CO | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 7,090 | |||
Initial Cost to Company, Building & Improvements | 35,610 | |||
Initial Cost to Company, Subsequent to Acquisition | 5,690 | |||
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 | 41,300 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 48,390 | |||
Accumulated Depreciation | $ (11,143) | |||
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 | 41,608 | |||
Initial Cost to Company, Subsequent to Acquisition | 9,715 | |||
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 | 51,323 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 57,363 | |||
Accumulated Depreciation | $ (12,728) | |||
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 | 22,683 | |||
Initial Cost to Company, Subsequent to Acquisition | 3,716 | |||
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 | 26,349 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 29,949 | |||
Accumulated Depreciation | $ (7,466) | |||
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 | 27,972 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,571 | |||
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 | 29,543 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 32,273 | |||
Accumulated Depreciation | $ (9,610) | |||
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 | 143 | |||
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 | 7,852 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 11,952 | |||
Accumulated Depreciation | $ (2,715) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
The Manchester Collection, Manchester, CT | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 9,180 | |||
Initial Cost to Company, Building & Improvements | 50,914 | |||
Initial Cost to Company, Subsequent to Acquisition | (1,770) | |||
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 | 49,144 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 58,324 | |||
Accumulated Depreciation | $ (13,077) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Chamberlain Plaza, Meriden, CT | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,260 | |||
Initial Cost to Company, Building & Improvements | 4,480 | |||
Initial Cost to Company, Subsequent to Acquisition | 835 | |||
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 | 5,315 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 6,575 | |||
Accumulated Depreciation | $ (2,285) | |||
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 | $ (7,885) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
North Haven Crossing, North Haven, CT | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 5,430 | |||
Initial Cost to Company, Building & Improvements | 15,959 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,441 | |||
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 | 18,400 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 23,830 | |||
Accumulated Depreciation | $ (5,192) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Christmas Tree Plaza, Orange, CT | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 4,870 | |||
Initial Cost to Company, Building & Improvements | 14,844 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,976 | |||
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 | 16,820 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 21,690 | |||
Accumulated Depreciation | $ (5,204) | |||
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 | 5,860 | |||
Initial Cost to Company, Building & Improvements | 11,758 | |||
Initial Cost to Company, Subsequent to Acquisition | 6,878 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 5,860 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 18,636 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 24,496 | |||
Accumulated Depreciation | $ (4,661) | |||
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 | 12,843 | |||
Initial Cost to Company, Subsequent to Acquisition | 3,546 | |||
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 | 16,389 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 18,569 | |||
Accumulated Depreciation | $ (4,680) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Waterbury Plaza, Waterbury, CT | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 5,030 | |||
Initial Cost to Company, Building & Improvements | 17,109 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,215 | |||
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 | 19,324 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 24,354 | |||
Accumulated Depreciation | $ (6,385) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Waterford Commons, Waterford, CT | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 4,990 | |||
Initial Cost to Company, Building & Improvements | 44,164 | |||
Initial Cost to Company, Subsequent to Acquisition | 5,033 | |||
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 | 49,197 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 54,187 | |||
Accumulated Depreciation | $ (14,113) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
North Dover 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 | 18,584 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,632 | |||
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 | 21,216 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 24,316 | |||
Accumulated Depreciation | $ (6,205) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Coastal Way - Coastal Landing, Brooksville, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 8,840 | |||
Initial Cost to Company, Building & Improvements | 33,020 | |||
Initial Cost to Company, Subsequent to Acquisition | 4,545 | |||
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 | 37,565 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 46,405 | |||
Accumulated Depreciation | $ (12,586) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Clearwater Mall, Clearwater, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 15,300 | |||
Initial Cost to Company, Building & Improvements | 52,615 | |||
Initial Cost to Company, Subsequent to Acquisition | 4,563 | |||
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 | 57,178 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 72,478 | |||
Accumulated Depreciation | $ (13,812) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Coconut Creek Plaza, Coconut Creek, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 7,400 | |||
Initial Cost to Company, Building & Improvements | 24,708 | |||
Initial Cost to Company, Subsequent to Acquisition | 4,614 | |||
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 | 29,322 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 36,722 | |||
Accumulated Depreciation | $ (7,572) | |||
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 | 7,974 | |||
Initial Cost to Company, Subsequent to Acquisition | 4,687 | |||
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 | 12,661 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 15,711 | |||
Accumulated Depreciation | $ (2,925) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Northgate Shopping Center, DeLand, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,500 | |||
Initial Cost to Company, Building & Improvements | 8,755 | |||
Initial Cost to Company, Subsequent to Acquisition | 3,285 | |||
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 | 12,040 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 15,540 | |||
Accumulated Depreciation | $ (2,368) | |||
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 | 12,544 | |||
Initial Cost to Company, Subsequent to Acquisition | 729 | |||
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 | 13,273 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 17,753 | |||
Accumulated Depreciation | $ (5,149) | |||
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 | 1,210 | |||
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 | 6,594 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 8,524 | |||
Accumulated Depreciation | $ (2,610) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Regency Park Shopping Center, Jacksonville, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 6,240 | |||
Initial Cost to Company, Building & Improvements | 14,206 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,827 | |||
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 | 16,033 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 22,273 | |||
Accumulated Depreciation | $ (5,138) | |||
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 | 172 | |||
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 | 18,769 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 25,489 | |||
Accumulated Depreciation | $ (5,756) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Ventura Downs, Kissimmee, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,580 | |||
Initial Cost to Company, Building & Improvements | 7,336 | |||
Initial Cost to Company, Subsequent to Acquisition | 943 | |||
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 | 8,279 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 11,859 | |||
Accumulated Depreciation | $ (2,071) | |||
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 | 1,770 | |||
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 | 15,270 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 23,200 | |||
Accumulated Depreciation | $ (3,382) | |||
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 | 14,774 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,617 | |||
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 | 16,391 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 24,661 | |||
Accumulated Depreciation | $ (5,022) | |||
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 | 26,412 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,078 | |||
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 | 27,490 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 34,725 | |||
Accumulated Depreciation | $ (5,201) | |||
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 | 34,227 | |||
Initial Cost to Company, Subsequent to Acquisition | 3,176 | |||
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 | 37,403 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 46,853 | |||
Accumulated Depreciation | $ (9,672) | |||
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 | 14,110 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,084 | |||
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 | 15,194 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 24,070 | |||
Accumulated Depreciation | $ (4,669) | |||
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 | 12,369 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,531 | |||
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 | 13,900 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 18,635 | |||
Accumulated Depreciation | $ (3,548) | |||
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 | 10,363 | |||
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 | 30,876 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 40,076 | |||
Accumulated Depreciation | $ (8,682) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Park Shore Plaza, Naples, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 4,750 | |||
Initial Cost to Company, Building & Improvements | 13,812 | |||
Initial Cost to Company, Subsequent to Acquisition | 21,196 | |||
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 | 32,513 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 39,758 | |||
Accumulated Depreciation | $ (6,601) | |||
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 | 9,701 | |||
Initial Cost to Company, Subsequent to Acquisition | 486 | |||
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 | 10,187 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 13,490 | |||
Accumulated Depreciation | $ (2,682) | |||
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 | 724 | |||
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 | 6,154 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 8,224 | |||
Accumulated Depreciation | $ (1,619) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Colonial Marketplace, Orlando, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 4,230 | |||
Initial Cost to Company, Building & Improvements | 19,806 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,673 | |||
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 | 22,479 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 26,709 | |||
Accumulated Depreciation | $ (6,644) | |||
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 | 826 | |||
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 | 13,007 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 16,170 | |||
Accumulated Depreciation | $ (3,268) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Hunter's Creek Plaza, 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 | 1,461 | |||
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 | 7,352 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 10,941 | |||
Accumulated Depreciation | $ (1,661) | |||
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 | 54,646 | |||
Initial Cost to Company, Subsequent to Acquisition | 25,907 | |||
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 | 80,553 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 86,673 | |||
Accumulated Depreciation | $ (19,631) | |||
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 | 186 | |||
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 | 9,935 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 11,595 | |||
Accumulated Depreciation | $ (1,883) | |||
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 | 1,768 | |||
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 | 30,167 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 35,486 | |||
Accumulated Depreciation | $ (6,451) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
23rd Street Station, Panama City, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,120 | |||
Initial Cost to Company, Building & Improvements | 7,175 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,595 | |||
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 | 8,770 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 11,890 | |||
Accumulated Depreciation | $ (2,843) | |||
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 | 9,191 | |||
Initial Cost to Company, Subsequent to Acquisition | 4,054 | |||
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 | 13,245 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 18,935 | |||
Accumulated Depreciation | $ (4,249) | |||
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 | 305 | |||
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 | 22,630 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 26,729 | |||
Accumulated Depreciation | $ (5,467) | |||
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 | 6,205 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,073 | |||
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 | 7,278 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 10,728 | |||
Accumulated Depreciation | $ (2,450) | |||
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 | 128 | |||
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 | 7,037 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 9,838 | |||
Accumulated Depreciation | $ (1,443) | |||
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 | 710 | |||
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 | 5,684 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 8,384 | |||
Accumulated Depreciation | $ (1,302) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Beneva Village Shoppes, Sarasota, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 4,013 | |||
Initial Cost to Company, Building & Improvements | 18,209 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,328 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 4,013 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 20,537 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 24,550 | |||
Accumulated Depreciation | $ (4,111) | |||
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 | 3,607 | |||
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 | 16,083 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 21,273 | |||
Accumulated Depreciation | $ (4,432) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Atlantic Plaza, Satellite Beach, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,630 | |||
Initial Cost to Company, Building & Improvements | 10,926 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,704 | |||
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 | 12,630 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 15,260 | |||
Accumulated Depreciation | $ (3,422) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Seminole Plaza, Seminole, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,870 | |||
Initial Cost to Company, Building & Improvements | 7,934 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,132 | |||
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 | 10,066 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 13,936 | |||
Accumulated Depreciation | $ (2,199) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Cobblestone Village, St. Augustine, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 7,710 | |||
Initial Cost to Company, Building & Improvements | 33,310 | |||
Initial Cost to Company, Subsequent to Acquisition | 3,458 | |||
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 | 36,768 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 44,478 | |||
Accumulated Depreciation | $ (10,504) | |||
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 | 15,752 | |||
Initial Cost to Company, Subsequent to Acquisition | 964 | |||
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 | 16,716 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 26,598 | |||
Accumulated Depreciation | $ (3,824) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Bay Pointe 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 | 8,015 | |||
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 | 19,760 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 23,785 | |||
Accumulated Depreciation | $ (2,890) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Rutland Plaza, St. Petersburg, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
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 | $ (3,150) | |||
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 | (3,556) | |||
Gross Amount at Which Carried at the Close of the Period, Land | 977 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 4,845 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 5,822 | |||
Accumulated Depreciation | $ (3,142) | |||
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 | 9,802 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,086 | |||
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 | 11,888 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 17,578 | |||
Accumulated Depreciation | $ (4,008) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Downtown Publix, Stuart, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,770 | |||
Initial Cost to Company, Building & Improvements | 12,630 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,220 | |||
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 | 13,850 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 15,620 | |||
Accumulated Depreciation | $ (3,968) | |||
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 | 9,317 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,659 | |||
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 | 10,976 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 18,832 | |||
Accumulated Depreciation | $ (3,777) | |||
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 | 14,663 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,198 | |||
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 | 15,861 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 19,610 | |||
Accumulated Depreciation | $ (4,137) | |||
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 | 11,769 | |||
Initial Cost to Company, Subsequent to Acquisition | 835 | |||
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 | 12,604 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 15,412 | |||
Accumulated Depreciation | $ (2,931) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Tarpon Mall, 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 | 13,755 | |||
Initial Cost to Company, Subsequent to Acquisition | 4,049 | |||
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 | 17,804 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 25,604 | |||
Accumulated Depreciation | $ (5,948) | |||
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 | 14,428 | |||
Initial Cost to Company, Subsequent to Acquisition | 493 | |||
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 | 14,921 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 18,166 | |||
Accumulated Depreciation | $ (2,619) | |||
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 | 6,749 | |||
Initial Cost to Company, Subsequent to Acquisition | 469 | |||
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 | 7,218 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 9,773 | |||
Accumulated Depreciation | $ (1,851) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Venice Village, Venice, FL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 7,157 | |||
Initial Cost to Company, Building & Improvements | 26,631 | |||
Initial Cost to Company, Subsequent to Acquisition | 161 | |||
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 | 26,792 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 33,949 | |||
Accumulated Depreciation | $ (1,929) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Albany Plaza, Albany, GA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,840 | |||
Initial Cost to Company, Building & Improvements | 3,072 | |||
Initial Cost to Company, Subsequent to Acquisition | 817 | |||
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 | 3,889 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 5,729 | |||
Accumulated Depreciation | $ (1,143) | |||
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 | 33,052 | |||
Initial Cost to Company, Subsequent to Acquisition | 5,791 | |||
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 | 38,843 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 58,683 | |||
Accumulated Depreciation | $ (11,140) | |||
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 | 4,738 | |||
Initial Cost to Company, Subsequent to Acquisition | 768 | |||
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 | 5,506 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 6,676 | |||
Accumulated Depreciation | $ (2,242) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Northeast Plaza, Atlanta, GA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 6,907 | |||
Initial Cost to Company, Building & Improvements | 37,386 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,714 | |||
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 | 39,100 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 46,007 | |||
Accumulated Depreciation | $ (10,720) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Augusta West Plaza, Augusta, GA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,070 | |||
Initial Cost to Company, Building & Improvements | 5,871 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,971 | |||
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 | 7,842 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 8,912 | |||
Accumulated Depreciation | $ (2,017) | |||
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 | 3,033 | |||
Initial Cost to Company, Subsequent to Acquisition | 799 | |||
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 | 3,832 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 4,912 | |||
Accumulated Depreciation | $ (1,550) | |||
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 | 14,401 | |||
Initial Cost to Company, Subsequent to Acquisition | 592 | |||
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 | 14,993 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 17,195 | |||
Accumulated Depreciation | $ (3,122) | |||
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 | 703 | |||
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 | 5,045 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 6,595 | |||
Accumulated Depreciation | $ (1,746) | |||
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 | 11,649 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,907 | |||
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 | 13,556 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 17,426 | |||
Accumulated Depreciation | $ (4,782) | |||
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 | $ (2,629) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Covington Gallery | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,280 | |||
Initial Cost to Company, Building & Improvements | 8,416 | |||
Initial Cost to Company, Subsequent to Acquisition | (5,965) | |||
Gross Amount at Which Carried at the Close of the Period, Land | 906 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 4,825 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 5,731 | |||
Accumulated Depreciation | $ (3,157) | |||
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 | 621 | |||
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 | 12,016 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 12,686 | |||
Accumulated Depreciation | $ (2,756) | |||
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 | 14,841 | |||
Initial Cost to Company, Subsequent to Acquisition | 529 | |||
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 | 15,270 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 16,871 | |||
Accumulated Depreciation | $ (3,791) | |||
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 | 886 | |||
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 | 4,836 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 6,156 | |||
Accumulated Depreciation | $ (1,978) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Cosby Station, Douglasville, GA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,650 | |||
Initial Cost to Company, Building & Improvements | 6,553 | |||
Initial Cost to Company, Subsequent to Acquisition | 534 | |||
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 | 7,087 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 9,737 | |||
Accumulated Depreciation | $ (2,161) | |||
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 | 2,489 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,289 | |||
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 | 3,778 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 5,248 | |||
Accumulated Depreciation | $ (845) | |||
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 | 3,742 | |||
Initial Cost to Company, Subsequent to Acquisition | 446 | |||
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 | 4,188 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 5,638 | |||
Accumulated Depreciation | $ (1,361) | |||
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 | $ (5,137) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Banks Station, Fayetteville, GA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,490 | |||
Initial Cost to Company, Building & Improvements | 12,240 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,629 | |||
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 | 13,869 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 17,359 | |||
Accumulated Depreciation | $ (5,409) | |||
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 | 1,390 | |||
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 | 15,343 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 22,333 | |||
Accumulated Depreciation | $ (5,884) | |||
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 | 663 | |||
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 | 18,453 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 20,546 | |||
Accumulated Depreciation | $ (3,700) | |||
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 | 1,046 | |||
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 | 10,430 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 12,075 | |||
Accumulated Depreciation | $ (2,960) | |||
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 | 5,149 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,464 | |||
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 | 7,613 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 9,653 | |||
Accumulated Depreciation | $ (2,232) | |||
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 | 1,013 | |||
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 | 3,680 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 6,330 | |||
Accumulated Depreciation | $ (1,186) | |||
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 | 1,469 | |||
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 | 9,540 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 12,630 | |||
Accumulated Depreciation | $ (3,048) | |||
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 | 11,179 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,789 | |||
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 | 13,968 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 18,738 | |||
Accumulated Depreciation | $ (4,526) | |||
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 | 383 | |||
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 | 5,135 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 6,535 | |||
Accumulated Depreciation | $ (1,895) | |||
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 | 3,904 | |||
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 | 9,322 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 10,492 | |||
Accumulated Depreciation | $ (3,340) | |||
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 | 14,618 | |||
Initial Cost to Company, Subsequent to Acquisition | 479 | |||
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 | 15,097 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 21,177 | |||
Accumulated Depreciation | $ (4,026) | |||
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 | 16,405 | |||
Initial Cost to Company, Subsequent to Acquisition | 3,633 | |||
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 | 20,038 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 26,248 | |||
Accumulated Depreciation | $ (7,118) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Stone Mountain Festival, Stone Mountain, GA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 5,740 | |||
Initial Cost to Company, Building & Improvements | 16,640 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,657 | |||
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 | 18,297 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 24,037 | |||
Accumulated Depreciation | $ (7,732) | |||
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 | 1,259 | |||
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 | 9,153 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 11,783 | |||
Accumulated Depreciation | $ (2,262) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Haymarket Mall, Des Moines, IA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,320 | |||
Initial Cost to Company, Building & Improvements | 9,604 | |||
Initial Cost to Company, Subsequent to Acquisition | 683 | |||
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 | 10,287 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 12,607 | |||
Accumulated Depreciation | $ (4,110) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Haymarket Square, Des Moines, IA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,360 | |||
Initial Cost to Company, Building & Improvements | 9,192 | |||
Initial Cost to Company, Subsequent to Acquisition | 4,497 | |||
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 | 13,689 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 17,049 | |||
Accumulated Depreciation | $ (4,333) | |||
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 | 14,895 | |||
Initial Cost to Company, Subsequent to Acquisition | 13,178 | |||
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 | 27,469 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 31,842 | |||
Accumulated Depreciation | $ (6,669) | |||
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 | 9,807 | |||
Initial Cost to Company, Subsequent to Acquisition | 5,220 | |||
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 | 15,027 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 18,747 | |||
Accumulated Depreciation | $ (6,086) | |||
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 | 3,575 | |||
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 | 3,724 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 4,204 | |||
Accumulated Depreciation | $ (1,485) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Southfield Plaza, Bridgeview, IL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 5,880 | |||
Initial Cost to Company, Building & Improvements | 18,251 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,868 | |||
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 | 20,119 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 25,999 | |||
Accumulated Depreciation | $ (7,846) | |||
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 | 38,878 | |||
Initial Cost to Company, Subsequent to Acquisition | 5,850 | |||
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 | 44,728 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 49,038 | |||
Accumulated Depreciation | $ (14,259) | |||
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 | 39,822 | |||
Initial Cost to Company, Subsequent to Acquisition | 17,254 | |||
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 | 53,076 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 64,086 | |||
Accumulated Depreciation | $ (16,113) | |||
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 | 4,086 | |||
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 | 35,856 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 39,516 | |||
Accumulated Depreciation | $ (10,172) | |||
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 | 3,010 | |||
Initial Cost to Company, Building & Improvements | 13,171 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,014 | |||
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 | 14,185 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 17,195 | |||
Accumulated Depreciation | $ (2,972) | |||
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 | $ (3,053) | |||
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 | 27,290 | |||
Initial Cost to Company, Subsequent to Acquisition | 639 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 4,958 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 29,101 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 34,059 | |||
Accumulated Depreciation | $ (9,393) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
The Quentin Collection, Kildeer, IL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 5,780 | |||
Initial Cost to Company, Building & Improvements | 25,711 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,961 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 6,002 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 27,450 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 33,452 | |||
Accumulated Depreciation | $ (7,391) | |||
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 | 13,276 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,834 | |||
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 | 16,110 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 19,540 | |||
Accumulated Depreciation | $ (4,761) | |||
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 | 18,417 | |||
Initial Cost to Company, Subsequent to Acquisition | 5,942 | |||
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 | 24,359 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 31,869 | |||
Accumulated Depreciation | $ (4,787) | |||
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 | 11,381 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,374 | |||
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 | 13,755 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 18,455 | |||
Accumulated Depreciation | $ (5,375) | |||
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 | 66,222 | |||
Initial Cost to Company, Subsequent to Acquisition | 14,102 | |||
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 | 80,324 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 90,884 | |||
Accumulated Depreciation | $ (20,078) | |||
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 | 23,144 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,538 | |||
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 | 24,682 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 27,722 | |||
Accumulated Depreciation | $ (8,470) | |||
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 | 148 | |||
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 | 7,044 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 8,344 | |||
Accumulated Depreciation | $ (2,413) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Tinley Park Plaza, Tinley Park, IL | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 12,250 | |||
Initial Cost to Company, Building & Improvements | 20,624 | |||
Initial Cost to Company, Subsequent to Acquisition | 4,748 | |||
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 | 25,372 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 37,622 | |||
Accumulated Depreciation | $ (6,288) | |||
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 | 7,194 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,262 | |||
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 | 9,456 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 11,545 | |||
Accumulated Depreciation | $ (3,079) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Columbus Center, Columbus, IN | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,480 | |||
Initial Cost to Company, Building & Improvements | 13,803 | |||
Initial Cost to Company, Subsequent to Acquisition | 4,281 | |||
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 | 18,084 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 19,564 | |||
Accumulated Depreciation | $ (4,692) | |||
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 | 760 | |||
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 | 20,502 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 23,052 | |||
Accumulated Depreciation | $ (6,128) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
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 | 4,672 | |||
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 | 18,903 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 20,668 | |||
Accumulated Depreciation | $ (5,739) | |||
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 | 5,457 | |||
Initial Cost to Company, Subsequent to Acquisition | 831 | |||
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 | 6,288 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 8,008 | |||
Accumulated Depreciation | $ (1,848) | |||
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 | 1,090 | |||
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 | 3,693 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 4,563 | |||
Accumulated Depreciation | $ (1,381) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Valley View Plaza, Marion, IN | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 440 | |||
Initial Cost to Company, Building & Improvements | 3,020 | |||
Initial Cost to Company, Subsequent to Acquisition | 200 | |||
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 | 3,220 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 3,660 | |||
Accumulated Depreciation | $ (945) | |||
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 | 6,247 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,537 | |||
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 | 7,784 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 8,564 | |||
Accumulated Depreciation | $ (2,154) | |||
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 | 48,742 | |||
Initial Cost to Company, Subsequent to Acquisition | 15,124 | |||
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 | 63,866 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 72,276 | |||
Accumulated Depreciation | $ (15,150) | |||
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 | 2,133 | |||
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 | 12,998 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 15,388 | |||
Accumulated Depreciation | $ (4,339) | |||
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 | 13,884 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,954 | |||
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 | 16,838 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 20,088 | |||
Accumulated Depreciation | $ (4,831) | |||
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 | 10,248 | |||
Initial Cost to Company, Subsequent to Acquisition | 6,599 | |||
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 | 16,847 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 19,647 | |||
Accumulated Depreciation | $ (5,011) | |||
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 | 4,522 | |||
Initial Cost to Company, Subsequent to Acquisition | 921 | |||
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 | 5,443 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 7,813 | |||
Accumulated Depreciation | $ (1,241) | |||
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 | 45,888 | |||
Initial Cost to Company, Subsequent to Acquisition | 20,091 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 11,014 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 64,345 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 75,359 | |||
Accumulated Depreciation | $ (16,993) | |||
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 | 964 | |||
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 | 15,401 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 19,321 | |||
Accumulated Depreciation | $ (6,058) | |||
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 | 8,268 | |||
Initial Cost to Company, Subsequent to Acquisition | 414 | |||
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 | 8,682 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 10,082 | |||
Accumulated Depreciation | $ (2,353) | |||
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 | 13,482 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,636 | |||
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 | 16,118 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 20,418 | |||
Accumulated Depreciation | $ (6,133) | |||
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 | 9,631 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,659 | |||
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 | 11,290 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 13,890 | |||
Accumulated Depreciation | $ (3,378) | |||
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 | 17,540 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,812 | |||
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 | 19,352 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 23,002 | |||
Accumulated Depreciation | $ (5,957) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Towne Square North, Owensboro, KY | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,230 | |||
Initial Cost to Company, Building & Improvements | 8,946 | |||
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 | 9,390 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 11,620 | |||
Accumulated Depreciation | $ (3,817) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Karam Shopping Center, Lafayette, LA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
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 | $ (1,532) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
The Pines Shopping Center, Pineville, LA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,080 | |||
Initial Cost to Company, Building & Improvements | 7,035 | |||
Initial Cost to Company, Subsequent to Acquisition | 157 | |||
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 | 7,192 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 10,272 | |||
Accumulated Depreciation | $ (1,783) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Points West Plaza, Brockton, MA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,200 | |||
Initial Cost to Company, Building & Improvements | 10,492 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,595 | |||
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 | 12,087 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 14,287 | |||
Accumulated Depreciation | $ (4,467) | |||
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 | 12,697 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,255 | |||
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 | 14,952 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 19,642 | |||
Accumulated Depreciation | $ (4,225) | |||
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 | 1,241 | |||
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 | 13,144 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 16,254 | |||
Accumulated Depreciation | $ (4,656) | |||
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 | 3,457 | |||
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 | 42,956 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 53,356 | |||
Accumulated Depreciation | $ (13,708) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Lunenberg Crossing, Lunenburg, MA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 930 | |||
Initial Cost to Company, Building & Improvements | 1,668 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,083 | |||
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 | 2,751 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 3,681 | |||
Accumulated Depreciation | $ (574) | |||
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 | 2,255 | |||
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 | 7,870 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 10,970 | |||
Accumulated Depreciation | $ (2,203) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Webster Square Shopping Center, Marchfield, MA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 5,532 | |||
Initial Cost to Company, Building & Improvements | 27,107 | |||
Initial Cost to Company, Subsequent to Acquisition | 488 | |||
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 | 27,595 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 33,127 | |||
Accumulated Depreciation | $ (4,420) | |||
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 | 2,905 | |||
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 | 41,638 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 46,848 | |||
Accumulated Depreciation | $ (13,984) | |||
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 | 989 | |||
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 | 10,658 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 12,908 | |||
Accumulated Depreciation | $ (3,767) | |||
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 | 16,403 | |||
Initial Cost to Company, Subsequent to Acquisition | 3,034 | |||
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 | 19,437 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 21,587 | |||
Accumulated Depreciation | $ (6,357) | |||
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 | 168 | |||
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 | 23,377 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 25,551 | |||
Accumulated Depreciation | $ (4,602) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Campus Village Shoppes, 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 | 4,955 | |||
Initial Cost to Company, Subsequent to Acquisition | 684 | |||
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 | 5,639 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 7,299 | |||
Accumulated Depreciation | $ (1,414) | |||
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 | 31,065 | |||
Initial Cost to Company, Subsequent to Acquisition | 3,198 | |||
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 | 34,263 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 37,823 | |||
Accumulated Depreciation | $ (10,928) | |||
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 | 1,858 | |||
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 | 20,846 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 23,706 | |||
Accumulated Depreciation | $ (8,569) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Arborland Center, Ann Arbor, MI | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 20,175 | |||
Initial Cost to Company, Building & Improvements | 89,903 | |||
Initial Cost to Company, Subsequent to Acquisition | 499 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 20,175 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 90,402 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 110,577 | |||
Accumulated Depreciation | $ (10,479) | |||
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 | 15,884 | |||
Initial Cost to Company, Subsequent to Acquisition | 30,032 | |||
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 | 45,916 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 49,116 | |||
Accumulated Depreciation | $ (5,939) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Grand Crossing, Brighton, MI | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,780 | |||
Initial Cost to Company, Building & Improvements | 7,487 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,129 | |||
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 | 9,616 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 11,396 | |||
Accumulated Depreciation | $ (3,356) | |||
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 | 1,962 | |||
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 | 6,302 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 7,922 | |||
Accumulated Depreciation | $ (2,188) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Silver Pointe Shopping Center, Fenton, MI | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,840 | |||
Initial Cost to Company, Building & Improvements | 12,226 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,596 | |||
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 | 13,822 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 17,662 | |||
Accumulated Depreciation | $ (5,133) | |||
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 | 1,414 | |||
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 | 6,216 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 7,496 | |||
Accumulated Depreciation | $ (2,469) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Delta Center, Lancing, MI | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,580 | |||
Initial Cost to Company, Building & Improvements | 9,187 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,907 | |||
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 | 11,094 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 12,674 | |||
Accumulated Depreciation | $ (4,876) | |||
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 | 2,915 | |||
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 | 16,372 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 17,812 | |||
Accumulated Depreciation | $ (5,086) | |||
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 | 17,450 | |||
Initial Cost to Company, Subsequent to Acquisition | 5,188 | |||
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 | 22,638 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 30,148 | |||
Accumulated Depreciation | $ (7,297) | |||
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 | 47,094 | |||
Initial Cost to Company, Subsequent to Acquisition | 13,434 | |||
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 | 60,528 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 65,898 | |||
Accumulated Depreciation | $ (18,464) | |||
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 | 663 | |||
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 | 18,366 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 20,306 | |||
Accumulated Depreciation | $ (6,190) | |||
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 | 7,978 | |||
Initial Cost to Company, Subsequent to Acquisition | 4,784 | |||
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 | 12,762 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 14,932 | |||
Accumulated Depreciation | $ (4,579) | |||
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 | 3,379 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,394 | |||
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 | 5,773 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 7,093 | |||
Accumulated Depreciation | $ (2,040) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
18 Ryan, Sterling Heights, MI | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,160 | |||
Initial Cost to Company, Building & Improvements | 8,794 | |||
Initial Cost to Company, Subsequent to Acquisition | 943 | |||
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 | 9,737 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 12,897 | |||
Accumulated Depreciation | $ (2,452) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Delco Plaza, Sterling Heights, MI | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,860 | |||
Initial Cost to Company, Building & Improvements | 4,852 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,285 | |||
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 | 6,137 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 8,997 | |||
Accumulated Depreciation | $ (2,312) | |||
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 | 5,223 | |||
Initial Cost to Company, Subsequent to Acquisition | 5,555 | |||
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 | 10,778 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 12,578 | |||
Accumulated Depreciation | $ (2,952) | |||
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 | 1,068 | |||
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 | 7,958 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 9,988 | |||
Accumulated Depreciation | $ (3,225) | |||
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 | 18,358 | |||
Initial Cost to Company, Subsequent to Acquisition | 615 | |||
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 | 18,973 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 23,575 | |||
Accumulated Depreciation | $ (4,891) | |||
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 | 639 | |||
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 | 16,400 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 21,190 | |||
Accumulated Depreciation | $ (5,159) | |||
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 | 1,143 | |||
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 | 19,398 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 23,168 | |||
Accumulated Depreciation | $ (6,617) | |||
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 | 11,382 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,158 | |||
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 | 12,540 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 15,170 | |||
Accumulated Depreciation | $ (3,302) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Richfield Hub, 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 | 1,702 | |||
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 | 20,219 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 27,967 | |||
Accumulated Depreciation | $ (5,098) | |||
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 | 594 | |||
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 | 8,958 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 10,578 | |||
Accumulated Depreciation | $ (2,459) | |||
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 | 4,946 | |||
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 | 16,435 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 21,585 | |||
Accumulated Depreciation | $ (3,693) | |||
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 | 20,520 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,781 | |||
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 | 23,301 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 28,551 | |||
Accumulated Depreciation | $ (7,672) | |||
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 | 6,062 | |||
Initial Cost to Company, Subsequent to Acquisition | 869 | |||
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 | 6,931 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 8,721 | |||
Accumulated Depreciation | $ (2,696) | |||
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 | 2,902 | |||
Initial Cost to Company, Subsequent to Acquisition | 9,622 | |||
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 | 12,524 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 14,654 | |||
Accumulated Depreciation | $ (2,864) | |||
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 | 356 | |||
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 | 7,956 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 8,806 | |||
Accumulated Depreciation | $ (3,524) | |||
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 | 12,926 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,518 | |||
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 | 14,444 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 17,054 | |||
Accumulated Depreciation | $ (3,805) | |||
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 | 8,519 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,894 | |||
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 | 11,413 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 13,943 | |||
Accumulated Depreciation | $ (4,054) | |||
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 | 2,998 | |||
Initial Cost to Company, Subsequent to Acquisition | 568 | |||
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 | 3,566 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 5,016 | |||
Accumulated Depreciation | $ (639) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Devonshire Place, Cary, NC | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 940 | |||
Initial Cost to Company, Building & Improvements | 3,267 | |||
Initial Cost to Company, Subsequent to Acquisition | 5,723 | |||
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 | 8,990 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 9,930 | |||
Accumulated Depreciation | $ (2,385) | |||
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 | 22,849 | |||
Initial Cost to Company, Subsequent to Acquisition | 4,966 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 10,589 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 27,816 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 38,405 | |||
Accumulated Depreciation | $ (7,611) | |||
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 | 19,528 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,475 | |||
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 | 22,003 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 27,243 | |||
Accumulated Depreciation | $ (6,925) | |||
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 | 537 | |||
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 | 4,320 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 5,090 | |||
Accumulated Depreciation | $ (1,936) | |||
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 | 22,832 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,789 | |||
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 | 24,621 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 30,854 | |||
Accumulated Depreciation | $ (6,095) | |||
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 | 27,829 | |||
Initial Cost to Company, Subsequent to Acquisition | 3,843 | |||
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 | 31,672 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 38,732 | |||
Accumulated Depreciation | $ (8,834) | |||
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 | 39,263 | |||
Initial Cost to Company, Subsequent to Acquisition | 3,175 | |||
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 | 42,438 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 58,428 | |||
Accumulated Depreciation | $ (12,816) | |||
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 | 25,634 | |||
Initial Cost to Company, Subsequent to Acquisition | 4,201 | |||
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 | 29,835 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 35,185 | |||
Accumulated Depreciation | $ (8,869) | |||
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 | 8,842 | |||
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 | 14,726 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 16,856 | |||
Accumulated Depreciation | $ (4,617) | |||
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 | 410 | |||
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 | 8,889 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 11,069 | |||
Accumulated Depreciation | $ (4,078) | |||
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 | 903 | |||
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 | 3,962 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 4,692 | |||
Accumulated Depreciation | $ (720) | |||
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 | 445 | |||
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 | 9,380 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 10,930 | |||
Accumulated Depreciation | $ (3,778) | |||
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 | 861 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 12,179 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 28,137 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 40,316 | |||
Accumulated Depreciation | $ (11,790) | |||
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 | 1,419 | |||
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 | 16,517 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 22,737 | |||
Accumulated Depreciation | $ (4,974) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Anson Station, Wadesboro, NC | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 910 | |||
Initial Cost to Company, Building & Improvements | 3,855 | |||
Initial Cost to Company, Subsequent to Acquisition | 293 | |||
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 | 4,148 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 5,058 | |||
Accumulated Depreciation | $ (1,978) | |||
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 | 2,410 | |||
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 | 17,083 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 22,813 | |||
Accumulated Depreciation | $ (4,117) | |||
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 | 26,376 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,251 | |||
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 | 28,627 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 35,537 | |||
Accumulated Depreciation | $ (8,893) | |||
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 | 11,665 | |||
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 | 12,552 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 15,475 | |||
Accumulated Depreciation | $ (2,727) | |||
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 | 16,774 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,155 | |||
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 | 18,929 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 25,839 | |||
Accumulated Depreciation | $ (6,261) | |||
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 | $ (3,097) | |||
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 | 5,783 | |||
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 | 23,410 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 26,810 | |||
Accumulated Depreciation | $ (7,173) | |||
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 | 1,373 | |||
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 | 12,734 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 14,894 | |||
Accumulated Depreciation | $ (5,017) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Willow Springs Plaza, Nashua, NH | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,490 | |||
Initial Cost to Company, Building & Improvements | 19,256 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,267 | |||
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 | 20,523 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 24,013 | |||
Accumulated Depreciation | $ (5,928) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Seacoast Shopping Center, Seabrook, NH | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,230 | |||
Initial Cost to Company, Building & Improvements | 7,956 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,373 | |||
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 | 9,329 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 11,559 | |||
Accumulated Depreciation | $ (1,769) | |||
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 | 5,058 | |||
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 | 14,740 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 16,640 | |||
Accumulated Depreciation | $ (4,787) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Laurel Square, Brick, NJ | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 5,400 | |||
Initial Cost to Company, Building & Improvements | 17,716 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,605 | |||
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 | 19,321 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 24,721 | |||
Accumulated Depreciation | $ (4,158) | |||
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 | 4,472 | |||
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 | 49,598 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 55,628 | |||
Accumulated Depreciation | $ (13,686) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Acme Clark, Clark, NJ | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
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 | $ (2,761) | |||
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 | 8,197 | |||
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 | 23,709 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 25,269 | |||
Accumulated Depreciation | $ (8,124) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Hamilton Plaza, Hamilton, NJ | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,580 | |||
Initial Cost to Company, Building & Improvements | 8,573 | |||
Initial Cost to Company, Subsequent to Acquisition | 4,235 | |||
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 | 12,808 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 14,388 | |||
Accumulated Depreciation | $ (3,226) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Bennetts Mills Plaza, Jackson, NJ | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,130 | |||
Initial Cost to Company, Building & Improvements | 16,805 | |||
Initial Cost to Company, Subsequent to Acquisition | 728 | |||
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 | 17,533 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 20,663 | |||
Accumulated Depreciation | $ (4,788) | |||
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 | 44,756 | |||
Initial Cost to Company, Subsequent to Acquisition | 16,815 | |||
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 | 61,571 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 67,521 | |||
Accumulated Depreciation | $ (17,247) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Middletown Plaza, Middletown, NJ | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 5,060 | |||
Initial Cost to Company, Building & Improvements | 40,870 | |||
Initial Cost to Company, Subsequent to Acquisition | 3,541 | |||
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 | 44,411 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 49,471 | |||
Accumulated Depreciation | $ (11,637) | |||
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 | 14,672 | |||
Initial Cost to Company, Subsequent to Acquisition | 138 | |||
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 | 14,810 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 19,231 | |||
Accumulated Depreciation | $ (2,335) | |||
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 | 36,766 | |||
Initial Cost to Company, Subsequent to Acquisition | 4,116 | |||
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 | 40,882 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 48,082 | |||
Accumulated Depreciation | $ (11,874) | |||
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 | 28,888 | |||
Initial Cost to Company, Subsequent to Acquisition | 5,725 | |||
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 | 34,613 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 38,583 | |||
Accumulated Depreciation | $ (8,541) | |||
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 | 11,839 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,169 | |||
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 | 14,008 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 15,668 | |||
Accumulated Depreciation | $ (3,816) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Ocean Heights Plaza, 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 | 1,963 | |||
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 | 36,425 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 42,535 | |||
Accumulated Depreciation | $ (8,796) | |||
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 | 2,787 | |||
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 | 6,474 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 8,247 | |||
Accumulated Depreciation | $ (1,481) | |||
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 | 916 | |||
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 | 12,466 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 15,546 | |||
Accumulated Depreciation | $ (3,742) | |||
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 | 31,955 | |||
Initial Cost to Company, Subsequent to Acquisition | 5,337 | |||
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 | 37,292 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 43,132 | |||
Accumulated Depreciation | $ (9,886) | |||
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 | 19,208 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,696 | |||
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 | 21,904 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 27,694 | |||
Accumulated Depreciation | $ (5,087) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Erie Canal Center, Dewitt, NY | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,080 | |||
Initial Cost to Company, Building & Improvements | 3,957 | |||
Initial Cost to Company, Subsequent to Acquisition | 15,590 | |||
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 | 19,547 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 20,627 | |||
Accumulated Depreciation | $ (2,890) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Unity Plaza, East Fishkill, NY | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
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 | $ (3,555) | |||
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 | 1,174 | |||
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 | 11,111 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 13,891 | |||
Accumulated Depreciation | $ (2,318) | |||
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 | 15,677 | |||
Initial Cost to Company, Subsequent to Acquisition | 432 | |||
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 | 16,109 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 21,419 | |||
Accumulated Depreciation | $ (4,187) | |||
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 | 20,959 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,598 | |||
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 | 22,557 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 28,597 | |||
Accumulated Depreciation | $ (7,054) | |||
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 | 56,795 | |||
Initial Cost to Company, Subsequent to Acquisition | 5,807 | |||
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 | 62,602 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 69,502 | |||
Accumulated Depreciation | $ (13,025) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Cayuga Mall, Ithaca, NY | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,180 | |||
Initial Cost to Company, Building & Improvements | 9,104 | |||
Initial Cost to Company, Subsequent to Acquisition | 3,649 | |||
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 | 12,753 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 13,933 | |||
Accumulated Depreciation | $ (4,215) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Kings Park Plaza, 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 | 2,141 | |||
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 | 13,241 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 18,031 | |||
Accumulated Depreciation | $ (3,482) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Village Square Shopping Center, 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 | 963 | |||
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 | 5,771 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 7,091 | |||
Accumulated Depreciation | $ (1,184) | |||
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 | 8,804 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,925 | |||
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 | 10,729 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 14,139 | |||
Accumulated Depreciation | $ (2,246) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Mamaroneck Centre, 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 | 7,654 | |||
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 | 7,681 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 9,879 | |||
Accumulated Depreciation | $ (335) | |||
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 | $ (7,059) | |||
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 | 7,813 | |||
Initial Cost to Company, Subsequent to Acquisition | 3,063 | |||
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 | 10,876 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 12,236 | |||
Accumulated Depreciation | $ (4,599) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Monroe Plaza, Monroe, NY | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,840 | |||
Initial Cost to Company, Building & Improvements | 16,111 | |||
Initial Cost to Company, Subsequent to Acquisition | 628 | |||
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 | 16,739 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 18,579 | |||
Accumulated Depreciation | $ (5,857) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Rockland Plaza, Nanuet, NY | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 10,700 | |||
Initial Cost to Company, Building & Improvements | 59,080 | |||
Initial Cost to Company, Subsequent to Acquisition | 9,270 | |||
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 | 67,953 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 79,050 | |||
Accumulated Depreciation | $ (15,480) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
North Ridge Shopping Center, 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 | 9,215 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,634 | |||
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 | 10,849 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 15,759 | |||
Accumulated Depreciation | $ (2,377) | |||
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 | 20,046 | |||
Initial Cost to Company, Subsequent to Acquisition | 3,339 | |||
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 | 23,385 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 28,895 | |||
Accumulated Depreciation | $ (6,432) | |||
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 | 1,529 | |||
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 | 16,639 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 21,689 | |||
Accumulated Depreciation | $ (4,826) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
The Shops at Riverhead, Riverhead, NY | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,479 | |||
Initial Cost to Company, Building & Improvements | 0 | |||
Initial Cost to Company, Subsequent to Acquisition | 32,521 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 3,899 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 32,101 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 36,000 | |||
Accumulated Depreciation | $ (1,072) | |||
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 | $ (1,944) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Mohawk Acres Plaza, Rome, NY | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,720 | |||
Initial Cost to Company, Building & Improvements | 13,408 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,091 | |||
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 | 14,499 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 16,219 | |||
Accumulated Depreciation | $ (4,812) | |||
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 | 16,633 | |||
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 | 27,592 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 34,457 | |||
Accumulated Depreciation | $ (7,739) | |||
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 | 710 | |||
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 | 16,785 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 17,955 | |||
Accumulated Depreciation | $ (5,950) | |||
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 | 2,149 | |||
Initial Cost to Company, Building & Improvements | 18,651 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,702 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 2,149 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 20,353 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 22,502 | |||
Accumulated Depreciation | $ (8,182) | |||
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 | $ (3,297) | |||
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 | 40,672 | |||
Initial Cost to Company, Subsequent to Acquisition | 5,224 | |||
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 | 45,896 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 48,416 | |||
Accumulated Depreciation | $ (13,296) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
The Plaza at Salmon Run, Watertown, NY | ||||
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 | $ (3,311) | |||
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 | 16,267 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,819 | |||
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 | 19,086 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 25,106 | |||
Accumulated Depreciation | $ (4,243) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Brunswick Town Center, Brunswick, OH | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,930 | |||
Initial Cost to Company, Building & Improvements | 18,492 | |||
Initial Cost to Company, Subsequent to Acquisition | 985 | |||
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 | 19,477 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 22,407 | |||
Accumulated Depreciation | $ (4,822) | |||
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 | 731 | |||
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 | 15,114 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 17,064 | |||
Accumulated Depreciation | $ (5,435) | |||
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 | 19,586 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,472 | |||
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 | 22,058 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 27,148 | |||
Accumulated Depreciation | $ (6,574) | |||
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 | 2,214 | |||
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 | 10,111 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 13,801 | |||
Accumulated Depreciation | $ (3,367) | |||
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 | 24,895 | |||
Initial Cost to Company, Subsequent to Acquisition | 7,460 | |||
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 | 31,478 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 35,465 | |||
Accumulated Depreciation | $ (8,778) | |||
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 | 25,589 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,220 | |||
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 | 26,809 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 35,499 | |||
Accumulated Depreciation | $ (7,873) | |||
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 | 827 | |||
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 | 13,200 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 16,620 | |||
Accumulated Depreciation | $ (4,125) | |||
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 | 14,464 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,741 | |||
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 | 16,205 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 18,325 | |||
Accumulated Depreciation | $ (5,358) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Greentree Shopping Center, Columbus, OH | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,920 | |||
Initial Cost to Company, Building & Improvements | 12,024 | |||
Initial Cost to Company, Subsequent to Acquisition | 487 | |||
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 | 12,511 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 14,431 | |||
Accumulated Depreciation | $ (4,593) | |||
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 | $ (665) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
South Towne Centre, Dayton, OH | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 4,990 | |||
Initial Cost to Company, Building & Improvements | 42,414 | |||
Initial Cost to Company, Subsequent to Acquisition | 7,248 | |||
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 | 49,662 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 54,652 | |||
Accumulated Depreciation | $ (15,503) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Southland Shopping Center, Middleburg Heights, OH | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 5,940 | |||
Initial Cost to Company, Building & Improvements | 54,143 | |||
Initial Cost to Company, Subsequent to Acquisition | 8,270 | |||
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 | 62,413 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 68,353 | |||
Accumulated Depreciation | $ (20,533) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
The Shoppes at North Olmsted, North Olmsted, OH [Member] | ||||
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 | $ (1,372) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Surrey Square Mall, Norwood, OH | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,900 | |||
Initial Cost to Company, Building & Improvements | 17,766 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,951 | |||
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 | 19,717 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 23,617 | |||
Accumulated Depreciation | $ (6,672) | |||
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 | 11,998 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,779 | |||
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 | 13,777 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 16,597 | |||
Accumulated Depreciation | $ (4,056) | |||
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 | 5,491 | |||
Initial Cost to Company, Subsequent to Acquisition | 757 | |||
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 | 6,248 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 6,888 | |||
Accumulated Depreciation | $ (2,242) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Miracle Mile Shopping Plaza, Toledo, OH | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,510 | |||
Initial Cost to Company, Building & Improvements | 15,374 | |||
Initial Cost to Company, Subsequent to Acquisition | 3,358 | |||
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 | 18,732 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 20,242 | |||
Accumulated Depreciation | $ (6,623) | |||
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 | 2,988 | |||
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 | 15,389 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 20,429 | |||
Accumulated Depreciation | $ (5,762) | |||
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 | 23,061 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,497 | |||
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 | 24,558 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 28,738 | |||
Accumulated Depreciation | $ (7,230) | |||
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 | 21,869 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,378 | |||
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 | 24,247 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 28,637 | |||
Accumulated Depreciation | $ (7,666) | |||
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 | 180 | |||
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 | 6,006 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 7,806 | |||
Accumulated Depreciation | $ (2,031) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Bethel Park, Bethel Park, PA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,060 | |||
Initial Cost to Company, Building & Improvements | 18,299 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,132 | |||
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 | 20,431 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 23,491 | |||
Accumulated Depreciation | $ (7,657) | |||
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 | 30,262 | |||
Initial Cost to Company, Subsequent to Acquisition | 5,467 | |||
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 | 35,729 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 42,709 | |||
Accumulated Depreciation | $ (10,472) | |||
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 | 20,882 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,910 | |||
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 | 22,792 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 25,972 | |||
Accumulated Depreciation | $ (7,913) | |||
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 | 3,639 | |||
Initial Cost to Company, Subsequent to Acquisition | (81) | |||
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 | 3,558 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 4,598 | |||
Accumulated Depreciation | $ (960) | |||
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 | 23,644 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,516 | |||
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 | 26,160 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 30,410 | |||
Accumulated Depreciation | $ (6,226) | |||
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 | 6,558 | |||
Initial Cost to Company, Subsequent to Acquisition | 4,587 | |||
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 | 11,145 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 14,555 | |||
Accumulated Depreciation | $ (2,726) | |||
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 | 677 | |||
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 | 12,284 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 15,694 | |||
Accumulated Depreciation | $ (3,508) | |||
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 | 1,536 | |||
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 | 9,664 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 11,474 | |||
Accumulated Depreciation | $ (4,545) | |||
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 | 29,517 | |||
Initial Cost to Company, Subsequent to Acquisition | 5,731 | |||
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 | 34,228 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 39,028 | |||
Accumulated Depreciation | $ (9,799) | |||
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 | 2,214 | |||
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 | 30,666 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 39,446 | |||
Accumulated Depreciation | $ (10,598) | |||
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 | 4,796 | |||
Initial Cost to Company, Subsequent to Acquisition | 4,729 | |||
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 | 9,525 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 11,615 | |||
Accumulated Depreciation | $ (2,936) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
New Garden Shopping Center, Kennett Square, PA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,240 | |||
Initial Cost to Company, Building & Improvements | 6,752 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,771 | |||
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 | 8,523 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 10,763 | |||
Accumulated Depreciation | $ (2,916) | |||
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 | 544 | |||
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 | 12,989 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 15,479 | |||
Accumulated Depreciation | $ (4,663) | |||
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 | 1,257 | |||
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 | 6,265 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 9,325 | |||
Accumulated Depreciation | $ (1,708) | |||
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 | 36,433 | |||
Initial Cost to Company, Subsequent to Acquisition | 16,582 | |||
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 | 53,015 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 60,705 | |||
Accumulated Depreciation | $ (9,749) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Ivyridge, Philadelphia, PA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 7,100 | |||
Initial Cost to Company, Building & Improvements | 18,292 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,979 | |||
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 | 20,271 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 27,371 | |||
Accumulated Depreciation | $ (4,575) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Roosevelt Mall, Philadelphia, PA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 10,970 | |||
Initial Cost to Company, Building & Improvements | 87,418 | |||
Initial Cost to Company, Subsequent to Acquisition | 6,432 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 10,969 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 93,851 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 104,820 | |||
Accumulated Depreciation | $ (26,370) | |||
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 | 721 | |||
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 | 13,311 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 15,321 | |||
Accumulated Depreciation | $ (5,307) | |||
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 | 2,180 | |||
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 | 9,788 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 10,698 | |||
Accumulated Depreciation | $ (4,149) | |||
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 | $ (1,555) | |||
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 | 1,614 | |||
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 | 36,898 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 41,208 | |||
Accumulated Depreciation | $ (10,402) | |||
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 | 6,261 | |||
Initial Cost to Company, Subsequent to Acquisition | 566 | |||
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 | 6,827 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 7,587 | |||
Accumulated Depreciation | $ (2,043) | |||
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 | 2,726 | |||
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 | 33,742 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 38,092 | |||
Accumulated Depreciation | $ (9,651) | |||
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 | 2,552 | |||
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 | 19,188 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 21,368 | |||
Accumulated Depreciation | $ (6,982) | |||
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 | 31,043 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,707 | |||
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 | 32,750 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 37,015 | |||
Accumulated Depreciation | $ (6,595) | |||
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 | 15,295 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,325 | |||
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 | 17,620 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 20,183 | |||
Accumulated Depreciation | $ (3,222) | |||
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 | 5,707 | |||
Initial Cost to Company, Subsequent to Acquisition | 610 | |||
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 | 6,317 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 9,327 | |||
Accumulated Depreciation | $ (2,330) | |||
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 | 8,526 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,357 | |||
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 | 10,883 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 13,823 | |||
Accumulated Depreciation | $ (4,382) | |||
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 | 6,662 | |||
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 | 15,111 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 18,741 | |||
Accumulated Depreciation | $ (5,266) | |||
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 | 16,632 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,085 | |||
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 | 18,717 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 21,087 | |||
Accumulated Depreciation | $ (5,495) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Hillcrest Market Place, Spartanburg, SC | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 4,190 | |||
Initial Cost to Company, Building & Improvements | 33,979 | |||
Initial Cost to Company, Subsequent to Acquisition | 5,404 | |||
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 | 39,383 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 43,573 | |||
Accumulated Depreciation | $ (12,898) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
East Ridge Crossing, Chattanooga, TN | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,230 | |||
Initial Cost to Company, Building & Improvements | 4,007 | |||
Initial Cost to Company, Subsequent to Acquisition | 183 | |||
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 | 4,190 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 5,420 | |||
Accumulated Depreciation | $ (1,763) | |||
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 | 13,379 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,625 | |||
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 | 16,004 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 21,224 | |||
Accumulated Depreciation | $ (5,813) | |||
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 | 20,153 | |||
Initial Cost to Company, Subsequent to Acquisition | 7,297 | |||
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 | 27,450 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 35,180 | |||
Accumulated Depreciation | $ (10,261) | |||
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 | 11,179 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,217 | |||
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 | 12,396 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 15,276 | |||
Accumulated Depreciation | $ (3,991) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Kingston Overlook, Knoxville, TN | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,060 | |||
Initial Cost to Company, Building & Improvements | 5,022 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,764 | |||
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 | 6,786 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 8,846 | |||
Accumulated Depreciation | $ (2,068) | |||
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 | 24,172 | |||
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 | 73,660 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 96,899 | |||
Accumulated Depreciation | $ (18,714) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Georgetown Square, Murfreesboro, TN | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,250 | |||
Initial Cost to Company, Building & Improvements | 7,384 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,255 | |||
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 | 9,173 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 12,889 | |||
Accumulated Depreciation | $ (2,889) | |||
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 | 11,516 | |||
Initial Cost to Company, Subsequent to Acquisition | 218 | |||
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 | 11,734 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 13,977 | |||
Accumulated Depreciation | $ (2,960) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Commerce Central, Tullahoma, TN | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,240 | |||
Initial Cost to Company, Building & Improvements | 12,128 | |||
Initial Cost to Company, Subsequent to Acquisition | 383 | |||
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 | 12,511 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 13,751 | |||
Accumulated Depreciation | $ (5,248) | |||
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 | 442 | |||
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 | 12,346 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 13,826 | |||
Accumulated Depreciation | $ (4,486) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Palm Plaza, Aransas, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
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 | $ (1,002) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Parmer Crossing, Austin, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,730 | |||
Initial Cost to Company, Building & Improvements | 9,958 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,263 | |||
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 | 12,221 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 15,951 | |||
Accumulated Depreciation | $ (3,553) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Baytown Shopping Center, Baytown, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,410 | |||
Initial Cost to Company, Building & Improvements | 6,465 | |||
Initial Cost to Company, Subsequent to Acquisition | 816 | |||
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 | 7,281 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 10,691 | |||
Accumulated Depreciation | $ (2,961) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
El Camino, Bellaire, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,320 | |||
Initial Cost to Company, Building & Improvements | 3,632 | |||
Initial Cost to Company, Subsequent to Acquisition | 327 | |||
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 | 3,959 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 5,279 | |||
Accumulated Depreciation | $ (1,655) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Bryan Square, Bryan, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 820 | |||
Initial Cost to Company, Building & Improvements | 2,289 | |||
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 | 2,399 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 3,219 | |||
Accumulated Depreciation | $ (1,002) | |||
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 | 6,342 | |||
Initial Cost to Company, Subsequent to Acquisition | 669 | |||
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 | 7,011 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 8,801 | |||
Accumulated Depreciation | $ (3,034) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Central Station, College Station, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 4,340 | |||
Initial Cost to Company, Building & Improvements | 19,707 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,502 | |||
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 | 22,209 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 26,549 | |||
Accumulated Depreciation | $ (5,986) | |||
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 | 13,371 | |||
Initial Cost to Company, Subsequent to Acquisition | 121 | |||
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 | 13,492 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 15,893 | |||
Accumulated Depreciation | $ (5,325) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Carmel Village, Corpus Christi, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,900 | |||
Initial Cost to Company, Building & Improvements | 4,198 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,205 | |||
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 | 5,403 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 7,303 | |||
Accumulated Depreciation | $ (1,507) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Claremont Village, Dallas, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,700 | |||
Initial Cost to Company, Building & Improvements | 2,953 | |||
Initial Cost to Company, Subsequent to Acquisition | 210 | |||
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 | 3,163 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 4,863 | |||
Accumulated Depreciation | $ (1,923) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Kessler Plaza, Dallas, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,390 | |||
Initial Cost to Company, Building & Improvements | 2,900 | |||
Initial Cost to Company, Subsequent to Acquisition | 305 | |||
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 | 3,205 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 4,595 | |||
Accumulated Depreciation | $ (1,067) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Stevens Park Village, Dallas, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,270 | |||
Initial Cost to Company, Building & Improvements | 2,350 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,389 | |||
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 | 3,739 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 5,009 | |||
Accumulated Depreciation | $ (1,582) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Webb Royal Plaza, Dallas, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,470 | |||
Initial Cost to Company, Building & Improvements | 4,666 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,856 | |||
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 | 6,522 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 8,992 | |||
Accumulated Depreciation | $ (2,371) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Wynnewood Village, Dallas, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 16,982 | |||
Initial Cost to Company, Building & Improvements | 42,498 | |||
Initial Cost to Company, Subsequent to Acquisition | 7,859 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 17,199 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 50,140 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 67,339 | |||
Accumulated Depreciation | $ (14,031) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Parktown, Deer Park, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,790 | |||
Initial Cost to Company, Building & Improvements | 6,904 | |||
Initial Cost to Company, Subsequent to Acquisition | 861 | |||
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 | 7,765 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 10,555 | |||
Accumulated Depreciation | $ (3,763) | |||
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 | 426 | |||
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 | 5,822 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 8,192 | |||
Accumulated Depreciation | $ (2,006) | |||
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 | 122,368 | |||
Initial Cost to Company, Subsequent to Acquisition | 15,373 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 25,819 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 137,742 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 163,561 | |||
Accumulated Depreciation | $ (37,039) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Ridglea Plaza, Ft. Worth, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,770 | |||
Initial Cost to Company, Building & Improvements | 15,829 | |||
Initial Cost to Company, Subsequent to Acquisition | 410 | |||
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 | 16,239 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 19,009 | |||
Accumulated Depreciation | $ (5,759) | |||
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 | 25,335 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,202 | |||
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 | 27,537 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 33,317 | |||
Accumulated Depreciation | $ (10,094) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Village Plaza, Garland, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,230 | |||
Initial Cost to Company, Building & Improvements | 6,524 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,184 | |||
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 | 7,708 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 10,938 | |||
Accumulated Depreciation | $ (2,533) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
North Hills Village, Haltom City, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 940 | |||
Initial Cost to Company, Building & Improvements | 2,351 | |||
Initial Cost to Company, Subsequent to Acquisition | 134 | |||
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 | 2,485 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 3,425 | |||
Accumulated Depreciation | $ (1,023) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Highland Village Town Center, Highland Village, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,370 | |||
Initial Cost to Company, Building & Improvements | 5,269 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,468 | |||
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 | 6,737 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 10,107 | |||
Accumulated Depreciation | $ (1,433) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Bay Forest, Houston, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,500 | |||
Initial Cost to Company, Building & Improvements | 6,532 | |||
Initial Cost to Company, Subsequent to Acquisition | 98 | |||
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 | 6,630 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 8,130 | |||
Accumulated Depreciation | $ (2,373) | |||
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 | 477 | |||
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 | 10,143 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 13,483 | |||
Accumulated Depreciation | $ (3,627) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Braes Heights, Houston, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,700 | |||
Initial Cost to Company, Building & Improvements | 14,220 | |||
Initial Cost to Company, Subsequent to Acquisition | 5,208 | |||
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 | 19,428 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 21,128 | |||
Accumulated Depreciation | $ (3,662) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Braes Oaks Center, Houston, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,310 | |||
Initial Cost to Company, Building & Improvements | 3,743 | |||
Initial Cost to Company, Subsequent to Acquisition | 604 | |||
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 | 4,347 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 5,657 | |||
Accumulated Depreciation | $ (1,165) | |||
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 | 427 | |||
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 | 3,150 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 4,720 | |||
Accumulated Depreciation | $ (1,567) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Broadway, Houston, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,720 | |||
Initial Cost to Company, Building & Improvements | 5,160 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,222 | |||
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 | 6,382 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 8,102 | |||
Accumulated Depreciation | $ (1,950) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Clear Lake Camino South, Houston, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,320 | |||
Initial Cost to Company, Building & Improvements | 11,894 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,520 | |||
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 | 13,414 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 16,734 | |||
Accumulated Depreciation | $ (3,947) | |||
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 | 11,224 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,237 | |||
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 | 12,461 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 17,701 | |||
Accumulated Depreciation | $ (3,805) | |||
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 | 4,398 | |||
Initial Cost to Company, Subsequent to Acquisition | 624 | |||
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 | 5,022 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 6,402 | |||
Accumulated Depreciation | $ (1,247) | |||
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 | 9,540 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,097 | |||
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 | 11,637 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 13,747 | |||
Accumulated Depreciation | $ (2,313) | |||
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 | 247 | |||
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 | 10,861 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 14,071 | |||
Accumulated Depreciation | $ (3,787) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Maplewood, Houston, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,790 | |||
Initial Cost to Company, Building & Improvements | 5,227 | |||
Initial Cost to Company, Subsequent to Acquisition | 479 | |||
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 | 5,706 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 7,496 | |||
Accumulated Depreciation | $ (2,031) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Merchants Park, Houston, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 6,580 | |||
Initial Cost to Company, Building & Improvements | 31,334 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,914 | |||
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 | 34,248 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 40,828 | |||
Accumulated Depreciation | $ (11,012) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Northgate, Houston, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 740 | |||
Initial Cost to Company, Building & Improvements | 1,116 | |||
Initial Cost to Company, Subsequent to Acquisition | 268 | |||
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 | 1,384 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 2,124 | |||
Accumulated Depreciation | $ (477) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Northshore, Houston, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 5,970 | |||
Initial Cost to Company, Building & Improvements | 21,980 | |||
Initial Cost to Company, Subsequent to Acquisition | 3,899 | |||
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 | 25,879 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 31,849 | |||
Accumulated Depreciation | $ (7,736) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Northtown Plaza, Houston, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 4,990 | |||
Initial Cost to Company, Building & Improvements | 16,424 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,843 | |||
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 | 19,267 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 24,257 | |||
Accumulated Depreciation | $ (4,525) | |||
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 | 15,431 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,683 | |||
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 | 17,114 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 20,784 | |||
Accumulated Depreciation | $ (6,625) | |||
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 | $ (2,303) | |||
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 | 29,334 | |||
Initial Cost to Company, Subsequent to Acquisition | 945 | |||
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 | 30,279 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 34,899 | |||
Accumulated Depreciation | $ (8,313) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Tanglewilde Center, Houston, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,620 | |||
Initial Cost to Company, Building & Improvements | 7,052 | |||
Initial Cost to Company, Subsequent to Acquisition | 616 | |||
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 | 7,668 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 9,288 | |||
Accumulated Depreciation | $ (2,594) | |||
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 | 11,485 | |||
Initial Cost to Company, Subsequent to Acquisition | 4,741 | |||
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 | 16,226 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 21,386 | |||
Accumulated Depreciation | $ (5,784) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Fry Road Crossing, Katy, TX | ||||
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 | 1,299 | |||
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 | 20,958 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 26,988 | |||
Accumulated Depreciation | $ (7,611) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Washington Square, Kaufman, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
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 | $ (974) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Jefferson Park, Mount Pleasant, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 870 | |||
Initial Cost to Company, Building & Improvements | 4,869 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,621 | |||
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 | 6,490 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 7,360 | |||
Accumulated Depreciation | $ (2,365) | |||
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 | 4,260 | |||
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 | 31,767 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 34,617 | |||
Accumulated Depreciation | $ (10,596) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Crossroads Center - Pasadena, Pasadena, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 4,660 | |||
Initial Cost to Company, Building & Improvements | 10,870 | |||
Initial Cost to Company, Subsequent to Acquisition | 6,160 | |||
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 | 17,030 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 21,690 | |||
Accumulated Depreciation | $ (4,340) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Spencer Square, Pasadena, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 5,360 | |||
Initial Cost to Company, Building & Improvements | 18,725 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,223 | |||
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 | 19,948 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 25,308 | |||
Accumulated Depreciation | $ (6,676) | |||
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 | 1,358 | |||
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 | 9,789 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 12,809 | |||
Accumulated Depreciation | $ (3,340) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Market Plaza, Plano, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 6,380 | |||
Initial Cost to Company, Building & Improvements | 19,542 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,474 | |||
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 | 21,016 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 27,396 | |||
Accumulated Depreciation | $ (6,740) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Preston Park Village, Plano, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 8,506 | |||
Initial Cost to Company, Building & Improvements | 79,134 | |||
Initial Cost to Company, Subsequent to Acquisition | 3,208 | |||
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 | 82,342 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 90,848 | |||
Accumulated Depreciation | $ (15,752) | |||
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 | 1,319 | |||
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 | 10,990 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 14,290 | |||
Accumulated Depreciation | $ (3,474) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Texas City Bay, Texas City, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,780 | |||
Initial Cost to Company, Building & Improvements | 15,087 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,012 | |||
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 | 17,099 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 20,879 | |||
Accumulated Depreciation | $ (4,472) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Windvale, The Woodlands, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 3,460 | |||
Initial Cost to Company, Building & Improvements | 9,282 | |||
Initial Cost to Company, Subsequent to Acquisition | 582 | |||
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 | 9,864 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 13,324 | |||
Accumulated Depreciation | $ (3,101) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
The Centre at Navarro, Victoria, TX | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,490 | |||
Initial Cost to Company, Building & Improvements | 6,389 | |||
Initial Cost to Company, Subsequent to Acquisition | 514 | |||
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 | 6,903 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 8,393 | |||
Accumulated Depreciation | $ (1,302) | |||
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 | 2,176 | |||
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 | 24,531 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 28,391 | |||
Accumulated Depreciation | $ (7,403) | |||
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 | 1,260 | |||
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 | 10,321 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 13,521 | |||
Accumulated Depreciation | $ (4,545) | |||
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 | 5,289 | |||
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 | 19,910 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 23,450 | |||
Accumulated Depreciation | $ (4,296) | |||
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 | 1,498 | |||
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 | 10,792 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 13,192 | |||
Accumulated Depreciation | $ (2,799) | |||
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 | 716 | |||
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 | 11,894 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 14,954 | |||
Accumulated Depreciation | $ (4,727) | |||
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 | 7,311 | |||
Initial Cost to Company, Subsequent to Acquisition | 2,465 | |||
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 | 9,776 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 10,926 | |||
Accumulated Depreciation | $ (3,086) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Lake Drive Plaza, Vinton, VA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,330 | |||
Initial Cost to Company, Building & Improvements | 12,336 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,301 | |||
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 | 13,637 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 15,967 | |||
Accumulated Depreciation | $ (5,349) | |||
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 | 20,496 | |||
Initial Cost to Company, Subsequent to Acquisition | 4,959 | |||
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 | 25,455 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 30,609 | |||
Accumulated Depreciation | $ (6,688) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Ridgeview Centre, Wise, VA | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 2,080 | |||
Initial Cost to Company, Building & Improvements | 8,044 | |||
Initial Cost to Company, Subsequent to Acquisition | 4,711 | |||
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 | 12,755 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 14,835 | |||
Accumulated Depreciation | $ (3,310) | |||
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 | 20,894 | |||
Initial Cost to Company, Subsequent to Acquisition | 502 | |||
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 | 21,396 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 23,526 | |||
Accumulated Depreciation | $ (6,630) | |||
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 | 683 | |||
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 | 16,547 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 19,087 | |||
Accumulated Depreciation | $ (4,304) | |||
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 | 28,127 | |||
Initial Cost to Company, Subsequent to Acquisition | 5,826 | |||
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 | 33,953 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 41,473 | |||
Accumulated Depreciation | $ (9,568) | |||
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 | 9,034 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,226 | |||
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 | 10,260 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 12,340 | |||
Accumulated Depreciation | $ (3,517) | |||
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 | 15,442 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,078 | |||
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 | 16,520 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 18,030 | |||
Accumulated Depreciation | $ (6,425) | |||
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 | 1,054 | |||
Initial Cost to Company, Building & Improvements | 10,103 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,299 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,054 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 11,402 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 12,456 | |||
Accumulated Depreciation | $ (4,569) | |||
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 | 5,649 | |||
Initial Cost to Company, Subsequent to Acquisition | 293 | |||
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 | 5,942 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 6,612 | |||
Accumulated Depreciation | $ (1,775) | |||
Life on Which Depreciated - Latest Income Statement | 40 years | |||
Remaining Portfolio, Other Names | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | $ 0 | |||
Initial Cost to Company, Land | 1,906 | |||
Initial Cost to Company, Building & Improvements | 0 | |||
Initial Cost to Company, Subsequent to Acquisition | 1,493 | |||
Gross Amount at Which Carried at the Close of the Period, Land | 1,906 | |||
Gross Amount at Which Carried at the Close of the Period, Building & Improvements | 1,493 | |||
Gross Amount at Which Carried at the Close of the Period, Total | 3,399 | |||
Accumulated Depreciation | $ (315) | |||
Life on Which Depreciated - Latest Income Statement |
Schedule III - Real Estate an_3
Schedule III - Real Estate and Accumulated Depreciation (Real Estate Roll Forwards) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract] | |||
Total cost for federal tax purposes at end of each period | $ 11,100,000 | ||
Reconciliation of total real estate carrying value is as follows: | |||
Balance at beginning of period | 10,921,491 | $ 11,009,058 | $ 10,932,850 |
Acquisitions and improvements | 301,218 | 408,570 | 236,590 |
Real estate held for sale | (4,148) | (34,169) | 0 |
Impairment of real estate | (45,828) | (27,300) | (3,176) |
Cost of property sold or transferred to joint ventures | (975,936) | (358,972) | (88,585) |
Write-off of assets no longer in service | (98,020) | (75,696) | (68,621) |
Balance at end of period | 10,098,777 | 10,921,491 | 11,009,058 |
Reconciliation of accumulated depreciation as follows: | |||
Balance at beginning of period | 2,361,070 | 2,167,054 | 1,880,685 |
Depreciation expense | 320,490 | 342,035 | 361,723 |
Property sold or transferred to joint ventures | (252,319) | (87,169) | (19,733) |
Write-off of assets no longer in service | (80,114) | (60,850) | (55,621) |
Balance at end of period | $ 2,349,127 | $ 2,361,070 | $ 2,167,054 |