Cedar Realty Trust (CDR-PC) 10-K 19 Feb 16 2015 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Feb. 12, 2016	Jun. 30, 2015
Document And Entity Information [Abstract]
Document type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2015
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,015
Entity Registrant Name	CEDAR REALTY TRUST, INC.
Entity Central Index Key	761,648
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Public Float			$ 520,049,000
Entity Common Stock, Shares Outstanding		84,982,435

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2015	Dec. 31, 2014
ASSETS
Land	$ 323,859,000	$ 312,868,000
Buildings and improvements	1,226,168,000	1,163,305,000
Real estate, gross	1,550,027,000	1,476,173,000
Less accumulated depreciation	(300,832,000)	(267,211,000)
Real estate, net	1,249,195,000	1,208,962,000
Real estate held for sale	14,402,000	16,508,000
Cash and cash equivalents	2,083,000	3,499,000
Restricted cash	5,592,000	7,859,000
Receivables	17,912,000	18,405,000
Other assets and deferred charges, net	32,398,000	31,546,000
TOTAL ASSETS	1,321,582,000	1,286,779,000
LIABILITIES AND EQUITY
Mortgage loans payable	299,022,000	393,388,000
Unsecured revolving credit facility	78,000,000	72,000,000
Unsecured term loans	300,000,000	200,000,000
Accounts payable and accrued liabilities	23,831,000	22,364,000
Unamortized intangible lease liabilities	23,187,000	23,776,000
Total liabilities	$ 724,040,000	711,528,000
Noncontrolling interest - limited partners' mezzanine OP Units		$ 396,000
Commitments and contingencies
Equity:
Common stock ($.06 par value, 150,000,000 shares authorized, 85,049,000 and 79,213,000 shares, issued and outstanding, respectively)	$ 5,103,000	$ 4,753,000
Treasury stock (3,182,000 and 3,344,000 shares, respectively, at cost)	(17,284,000)	(18,803,000)
Additional paid-in capital	825,979,000	791,174,000
Cumulative distributions in excess of net income	(404,350,000)	(395,087,000)
Accumulated other comprehensive loss	(4,059,000)	(3,146,000)
Total Cedar Realty Trust, Inc. shareholders' equity	596,050,000	569,552,000
Noncontrolling interests:
Minority interests in consolidated joint ventures	(970,000)	2,872,000
Limited partners' OP Units	2,462,000	2,431,000
Total noncontrolling interests	1,492,000	5,303,000
Total equity	597,542,000	574,855,000
TOTAL LIABILITIES AND EQUITY	1,321,582,000	1,286,779,000
Series B [Member]
Equity:
Preferred stock ($.01 par value, 12,500,000 shares authorized): Series B ($25.00 per share liquidation value, 10,000,000 shares authorized, 7,950,000 issued and outstanding)	$ 190,661,000	$ 190,661,000

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2015	Dec. 31, 2014
Preferred stock, shares par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	12,500,000	12,500,000
Common stock, shares par value	$ 0.06	$ 0.06
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	85,049,000	79,213,000
Common stock, shares outstanding	85,049,000	79,213,000
Treasury stock, shares	3,182,000	3,444,000
Series B [Member]
Liquidation preference, per share	$ 25	$ 25
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	7,950,000	7,950,000
Preferred stock, shares outstanding	7,950,000	7,950,000

Consolidated Statements Of Oper

Consolidated Statements Of Operations - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
REVENUES
Rents	$ 116,739,000	$ 116,505,000	$ 110,353,000
Expense recoveries	31,834,000	31,392,000	28,691,000
Other	634,000	287,000	554,000
Total revenues	149,207,000	148,184,000	139,598,000
EXPENSES
Operating, maintenance and management	25,401,000	26,604,000	24,418,000
Real estate and other property-related taxes	19,189,000	18,182,000	17,901,000
General and administrative	15,004,000	14,356,000	13,980,000
Employee termination costs			106,000
Acquisition costs	1,238,000	2,870,000	182,000
Depreciation and amortization	38,594,000	38,700,000	44,405,000
Total expenses	99,426,000	100,712,000	100,992,000
OTHER
Gain on Sales		6,413,000	609,000
Impairment reversals / (charges)	(212,000)	3,148,000	(172,000)
Impairment reversals / (charges)	212,000	(3,148,000)	172,000
Total other	212,000	3,265,000	781,000
OPERATING INCOME	49,993,000	50,737,000	39,387,000
NON-OPERATING INCOME AND EXPENSES
Interest expense	(28,272,000)	(32,301,000)	(34,762,000)
Early extinguishment of debt costs	(105,000)	(825,000)	(106,000)
Total non-operating income and expense	(28,377,000)	(33,126,000)	(34,868,000)
INCOME FROM CONTINUING OPERATIONS	21,616,000	17,611,000	4,519,000
DISCONTINUED OPERATIONS
Income from operations	12,000	1,647,000	2,280,000
Impairment reversals / (charges)	153,000	47,000	(3,049,000)
Gain on extinguishment of debt obligations		1,423,000	10,452,000
Gain on sales		7,963,000
Total income from discontinued operations	165,000	11,080,000	9,683,000
NET INCOME	21,781,000	28,691,000	14,202,000
Net loss (income) attributable to noncontrolling interests:
Minority interests in consolidated joint ventures	393,000	370,000	247,000
Limited partners' interest in Operating Partnership	(28,000)	(80,000)	(1,000)
Total net loss attributable to noncontrolling interests	365,000	290,000	246,000
NET INCOME ATTRIBUTABLE TO CEDAR REALTY TRUST, INC.	22,146,000	28,981,000	14,448,000
Preferred stock dividends	(14,408,000)	(14,408,000)	(14,413,000)
Preferred stock redemption costs			(1,166,000)
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS	$ 7,738,000	$ 14,573,000	$ (1,131,000)
NET INCOME (LOSS) PER COMMON SHARE ATTRIBUTABLE TO COMMON SHAREHOLDERS (BASIC AND DILUTED)
Continuing operations	$ 0.09	$ 0.04	$ (0.17)
Discontinued operations	0	0.14	0.14
Net income per common share attributable to common shareholders (basic and diluted)	$ 0.09	$ 0.18	$ (0.03)
Weighted average number of common shares - basic and diluted	81,356,000	75,311,000	68,381,000

Consolidated Statements Of Comp

Consolidated Statements Of Comprehensive Income - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Consolidated Statements Of Comprehensive Income [Abstract]
Net income	$ 21,781,000	$ 28,691,000	$ 14,202,000
Other comprehensive income - unrealized (loss) gain on change in fair value of cash flow hedges:
Other comprehensive income - unrealized (loss) gain on change in fair value of cash flow hedges:	(918,000)	(1,858,000)	1,260,000
Comprehensive income	20,863,000	26,833,000	15,462,000
Comprehensive loss attributable to noncontrolling interests	370,000	305,000	243,000
Comprehensive income attributable to Cedar Realty Trust, Inc.	$ 21,233,000	$ 27,138,000	$ 15,705,000

Consolidated Statement Of Equit

Consolidated Statement Of Equity - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Treasury Stock, At Cost [Member]	Additional Paid-In Capital [Member]	Cumulative Distributions In Excess Of Net Income [Member]	Accumulated Other Comprehensive (Loss) [Member]	Cedar Shopping Centers, Inc. [Member]	Minority Interests In Consolidated Joint Ventures [Member]	Noncontrolling Interests [Member]	Limited Partners' Interest In Operating Partnership [Member]	Total
Balance at Dec. 31, 2012	$ 163,669,000	$ 4,309,000	$ (21,702,000)	$ 748,194,000	$ (378,254,000)	$ (2,560,000)	$ 513,656,000	$ 6,081,000	$ 7,471,000	$ 1,390,000	$ 521,127,000
Balance, shares at Dec. 31, 2012	6,837,000	71,817,000
Net income (loss)					14,448,000		14,448,000	(247,000)	(244,000)	3,000	14,204,000
Unrealized gain on change in fair value of cash flow hedges						1,257,000	1,257,000		3,000	3,000	1,260,000
Share-based compensation, net		$ 23,000	1,511,000	1,814,000			3,348,000				3,348,000
Share-based compensation, net, shares		378,000
Net proceeds from the sales of Series B shares	$ 61,874,000			(2,025,000)			59,849,000				59,849,000
Net proceeds from the sales of Series B shares, shares	2,521,000
Common stock sales and issuance expenses, net				(64,000)			(64,000)				64,000
Common stock sales and issuance expenses, net, shares		2,000
Preferred stock dividends					(14,413,000)		(14,413,000)				(14,413,000)
Distributions to common shareholders/noncontrolling interests					(14,434,000)		(14,434,000)	(665,000)	(703,000)	(38,000)	(15,137,000)
Conversions of OP Units into common stock				24,000			24,000		(24,000)	(24,000)	24,000
Conversions of OP Units into common stock, shares		3,000
Issuance of OP Units									1,500,000	1,500,000	1,500,000
Redemptions/repurchases of Series A shares	$ (34,882,000)			1,056,000	(1,166,000)		(34,992,000)				(34,992,000)
Redemptions/repurchases of Series A shares, shares	(1,408,000)
Reallocation adjustment of limited partners' interest				(498,000)			(498,000)		531,000	531,000	33,000
Acquisition of noncontrolling interest				(504,000)			(504,000)	(1,048,000)	(1,048,000)		(1,552,000)
Disposition of noncontrolling interest								(81,000)	(81,000)		(81,000)
Redemptions of OP Units									(10,000)	(10,000)	(10,000)
Balance at Dec. 31, 2013	$ 190,661,000	$ 4,332,000	(20,191,000)	747,997,000	(393,819,000)	(1,303,000)	527,677,000	4,202,000	7,557,000	3,355,000	535,234,000
Balance, shares at Dec. 31, 2013	7,950,000	72,200,000
Net income (loss)					28,981,000		28,981,000	(370,000)	(301,000)	69,000	28,680,000
Unrealized gain on change in fair value of cash flow hedges						(1,843,000)	(1,843,000)		(13,000)	(13,000)	(1,856,000)
Share-based compensation, net		$ 4,000	1,388,000	1,947,000			3,339,000				3,339,000
Share-based compensation, net, shares		60,000
Common stock sales and issuance expenses, net		$ 414,000		40,749,000			41,163,000				41,163,000
Common stock sales and issuance expenses, net, shares		6,902,000
Preferred stock dividends					(14,408,000)		(14,408,000)				(14,408,000)
Distributions to common shareholders/noncontrolling interests					(15,841,000)		(15,841,000)	(960,000)	(1,034,000)	(74,000)	(16,875,000)
Conversions of OP Units into common stock		$ 3,000		368,000			371,000		(371,000)	(371,000)	371,000
Conversions of OP Units into common stock, shares		51,000
Reallocation adjustment of limited partners' interest				113,000			113,000		(98,000)	(98,000)	15,000
Redemptions of OP Units									(437,000)	(437,000)	(437,000)
Balance at Dec. 31, 2014	$ 190,661,000	$ 4,753,000	(18,803,000)	791,174,000	(395,087,000)	(3,146,000)	569,552,000	2,872,000	5,303,000	2,431,000	574,855,000
Balance, shares at Dec. 31, 2014	7,950,000	79,213,000
Net income (loss)					22,146,000		22,146,000	(393,000)	(365,000)	28,000	21,781,000
Unrealized gain on change in fair value of cash flow hedges						(913,000)	(913,000)		(5,000)	(5,000)	(918,000)
Share-based compensation, net		$ 3,000	1,519,000	877,000			2,399,000				2,399,000
Share-based compensation, net, shares		44,000
Common stock sales and issuance expenses, net		$ 345,000		41,396,000			41,741,000				41,741,000
Common stock sales and issuance expenses, net, shares		5,752,000
Preferred stock dividends					(14,408,000)		(14,408,000)				(14,408,000)
Distributions to common shareholders/noncontrolling interests					(17,001,000)		(17,001,000)		(76,000)	(76,000)	(17,077,000)
Conversions of OP Units into common stock											282,000
Conversions of OP Units into common stock, shares		40,000
Conversions / Redemption of OP Units		$ 2,000		280,000			282,000		289,000	289,000	7,000
Reclassification of mezzanine OP Units									385,000	385,000	385,000
Reallocation adjustment of limited partners' interest				19,000			19,000		(12,000)	(12,000)	7,000
Acquisition of noncontrolling interest				(7,767,000)			(7,767,000)	(3,449,000)	(3,449,000)		(11,216,000)
Balance at Dec. 31, 2015	$ 190,661,000	$ 5,103,000	$ (17,284,000)	$ 825,979,000	$ (404,350,000)	$ (4,059,000)	$ 596,050,000	$ (970,000)	$ 1,492,000	$ 2,462,000	$ 597,542,000
Balance, shares at Dec. 31, 2015	7,950,000	85,049,000

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
OPERATING ACTIVITIES
Net income	$ 21,781,000	$ 28,691,000	$ 14,202,000
Adjustments to reconcile net income to net cash provided by operating activities:
Impairment (reversals) / charges	(365,000)	3,101,000	2,877,000
Gain on extinguishment of debt obligations		(1,423,000)	(10,452,000)
Gain on sales		(14,376,000)	(609,000)
Straight-line rents	(506,000)	(761,000)	(1,481,000)
Provision for doubtful accounts	1,463,000	1,985,000	1,572,000
Depreciation and amortization	38,594,000	38,700,000	45,663,000
Amortization of intangible lease liabilities	(3,125,000)	(4,322,000)	(4,446,000)
Expense relating to share-based compensation, net	3,168,000	3,531,000	3,701,000
Amortization (including accelerated write-off) of deferred financing costs	1,611,000	2,158,000	2,162,000
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:
Rents and other receivables, net	(1,346,000)	(2,989,000)	(1,606,000)
Prepaid expenses and other	(1,929,000)	(2,460,000)	(2,696,000)
Accounts payable and accrued liabilities	(210,000)	(950,000)	607,000
Net cash provided by operating activities	59,136,000	50,885,000	49,494,000
INVESTING ACTIVITIES
Acquisitions of real estate	(42,991,000)	(38,861,000)	(32,818,000)
Expenditures for real estate improvements	(12,698,000)	(16,254,000)	(20,288,000)
Net proceeds from sales of real estate	5,891,000	102,124,000	34,713,000
Repayment of note receivable			1,100,000
Construction escrows and other	1,922,000	2,107,000	2,221,000
Net cash (used in) provided by investing activities	(47,876,000)	49,116,000	(15,072,000)
FINANCING ACTIVITIES
Repayments under revolving credit facility	(186,400,000)	(231,500,000)	(105,000,000)
Advances under revolving credit facility	192,400,000	150,000,000	177,500,000
Advances under term loans	100,000,000	150,000,000	50,000,000
Repayment under term loan			(75,000,000)
Mortgage repayments	(114,828,000)	(177,094,000)	(77,069,000)
Payments of debt financing costs	(2,879,000)	(1,312,000)	(1,893,000)
Noncontrolling interests:
Purchase of joint venture minority interests share		(960,000)	(665,000)
Distributions to consolidated joint venture minority interests	(11,216,000)		(1,552,000)
Distributions to limited partners	(78,000)	(86,000)	(52,000)
Redemptions of OP Units	(7,000)	(437,000)	(170,000)
Common stock sales less issuance expenses, net	41,741,000	41,163,000	(64,000)
Net proceeds from sales of preferred stock			59,849,000
Redemption of preferred stock			(34,992,000)
Preferred stock dividends	(14,408,000)	(14,408,000)	(14,429,000)
Distributions to common shareholders	(17,001,000)	(15,841,000)	(14,434,000)
Net cash (used in) financing activities	(12,676,000)	(100,475,000)	(37,971,000)
Net (decrease) in cash and cash equivalents	(1,416,000)	(474,000)	(3,549,000)
Cash and cash equivalents at beginning of period	3,499,000	3,973,000	7,522,000
Cash and cash equivalents at end of period	$ 2,083,000	$ 3,499,000	$ 3,973,000

Business And Organization

Business And Organization	12 Months Ended
	Dec. 31, 2015
Business And Organization [Abstract]
Business And Organization	Note 1. Bu siness and Organization Cedar Realty Trust, Inc. (the “ Company ” ) is a real estate investment trust ( “ REIT ” ) that focuses primarily on ownership and operation of grocery-anchored shopping centers straddling the Washington, DC to Boston corridor. At December 31, 2015 , the Company owned and managed a portfolio of 60 operating properties (excluding properties “held for sale”) . Cedar Realty Trust Partnership, L.P. (the “ Operating Partnership ” ) is the entity through which the Company conducts substantially all of its business and owns (either directly or through subsidiaries) substantially all of its assets. At December 31, 2015 , the Company owned a 99.6% economic interest in, and was the sole general partner of, the Operating Partnership. The limited partners’ interest in the Operating Partnership ( 0.4% at December 31, 2015 ) is represented by Operating Partnership Units (“OP Units”). The carrying amount of such interest is adjusted at the end of each reporting period to an amount equal to the limited partners’ ownership percentage of the Operating Partnership’s net equity. The 352,000 OP Units outstanding at December 31, 2015 are economically equivalent to the Company’s common stock. The holders of OP Units have the right to exchange their OP Units for the same number of shares of the Company’s common stock or, at the Company’s option, for cash. As used herein, the “ Company ” refers to Cedar Realty Trust, Inc. and its subsidiaries on a consolidated basis, including the Operating Partnership or, where the context so requires, Cedar Realty Trust, Inc. only.

Summary Of Significant Accounti

Summary Of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2015
Summary Of Significant Accounting Policies [Abstract]
Summary Of Significant Accounting Policies	Note 2. Summary of Significant Accounting Policies Principles of Consolidation/Basis of Preparation The consolidated financial statements include the accounts and operations of the Company, the Operating Partnership, its subsidiaries, and certain joint venture partnerships in which it participates. The Company consolidates all variable interest entities (“VIEs”) for which it is the primary beneficiary. Generally, a VIE is an entity with one or more of the following characteristics: (1) the total equity investment at risk is not sufficient to permit the entity to finance its activities without additional subordinated financial support, (2) as a group, the holders of the equity investment at risk (a) lack the power through voting or similar rights to make decisions about the entity’s activities that significantly impact the entity’s performance, (b) have no obligation to absorb the expected losses of the entity, or (c) have no right to receive the expected residual returns of the entity, or (3) the equity investors have voting rights that are not proportional to their economic interests, and substantially all of the entity’s activities either involve, or are conducted on behalf of, an investor that has disproportionately fewer voting rights. A VIE is required to be consolidated by its primary beneficiary. The primary beneficiary of a VIE has (1) the power to direct the activities that most significantly impact the entity’s economic performance, and (2) the obligation to absorb losses of the VIE or the right to receive benefits from the VIE that could be significant to the VIE. Significant judgments related to these determinations include estimates about the current and future fair values, performance of real estate held by these VIEs, and general market conditions. The Company has a 60% -owned joint venture originally formed to develop the project known as Crossroads II. This joint venture is consolidated as it is deemed to be a VIE and the Company is the primary beneficiary. The Company (1) guaranteed all related debt, (2) does not require its partners to fund additional capital requirements, (3) has an economic interest greater than its voting proportion and (4) directs the management activities that significantly impact the performance of the joint venture. At December 31, 2015, this VIE owned real estate with a carrying value of $39. 9 million and no mortgage loan payable. With respect to its consolidated joint venture property at San Souci Plaza, the Company is the general partner and has a partnership interest of 40% at December 31, 2015. As the entity is not a VIE, and the Company is the sole general partner and exercises substantial operating control over the entity, the Company has determined that the entity should be consolidated. On January 23, 2015, the Company acquired the New London Mall joint venture partner’s 60% ownership interest, giving the Company a 100% ownership interest in this property, which is located in New London, Connecticut (See Note 3 - “Real Estate”). Prior to the acquisition of the joint venture partner’s ownership interest, as the entity was not a VIE, and the Company was the sole general partner and exercised substantial operating control over the entity, the Company determined that the entity should be consolidated. The accompanying financial statements are prepared on the accrual basis in accordance with accounting principles generally accepted in the United States (“GAAP”), which requires management to make estimates and assumptions that affect the disclosure of contingent assets and liabilities, the reported amounts of assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the periods covered by the financial statements. Actual results could differ from these estimates. Real Estate Investments Real estate investments are carried at cost less accumulated depreciation. The provision for depreciation is calculated using the straight-line method based upon the estimated useful lives of the respective assets of between 3 and 40 years, with buildings being depreciated at the upper end of the range. Depreciation expense amounted to $35.0 million, $ 35.0 million and $ 41.1 million for 2015, 2014 and 2013, respectively. Expenditures for betterments that substantially extend the useful lives of the assets are capitalized. Expenditures for maintenance, repairs, and betterments that do not substantially prolong the normal useful life of an asset are charged to operations as incurred. Real estate investments include costs of ground-up development and redevelopment activities, and construction in progress. Capitalized costs, including interest and other carrying costs during the construction and/or renovation periods, are included in the cost of the related asset and charged to operations through depreciation over the asset’s estimated useful life. A variety of costs are incurred in the development and leasing of a property, such as pre-construction costs essential to the development of the property, development costs, construction costs, interest costs, real estate taxes, salaries and related costs, and other costs incurred during the period of development. After a determination is made to capitalize a cost, it is allocated to the specific component of a project that is benefited. The Company ceases capitalization on the portions substantially completed and occupied, or held available for occupancy, and capitalizes only those costs associated with the portions under development. The Company considers a construction project to be substantially completed and held available for occupancy upon the completion of tenant improvements, but not later than one year from cessation of major construction activity. The Company allocates the fair value of real estate acquired to land, buildings and improvements. In addition, the fair value of in-place leases is allocated to intangible lease assets and liabilities. The fair value of the tangible assets of an acquired property is determined by valuing the property as if it were vacant, which value is then allocated to land, buildings and improvements based on management’s determination of the fair values of these assets. In valuing an acquired property’s intangibles, factors considered by management include an estimate of carrying costs during the expected lease-up periods, such as real estate taxes, insurance, other operating expenses, and estimates of lost rental revenue during the expected lease-up periods based on its evaluation of current market demand. Management also estimates costs to execute similar leases, including leasing commissions, tenant improvements, legal and other related costs. The values of acquired above-market and below-market leases are recorded based on the present values (using discount rates which reflect the risks associated with the leases acquired) of the differences between the contractual amounts to be received and management’s estimate of market lease rates, measured over the terms of the respective leases that management deemed appropriate at the time of the acquisitions. Such valuations include a consideration of the non-cancellable terms of the respective leases as well as any applicable renewal periods. The fair values associated with below-market rental renewal options are determined based on the Company’s experience and the relevant facts and circumstances that existed at the time of the acquisitions. The values of above-market leases are amortized to rental income over the terms of the respective non-cancelable lease periods. The portion of the values of below-market leases associated with the original non-cancelable lease terms are amortized to rental income over the terms of the respective non-cancelable lease periods. The portion of the values of the leases associated with below-market renewal options that are likely of exercise are amortized to rental income over the respective renewal periods. The value of other intangible assets (including leasing commissions, tenant improvements, etc.) is amortized to expense over the applicable terms of the respective leases. If a lease were to be terminated prior to its stated expiration or not renewed, all unamortized amounts relating to that lease would be recognized in operations at that time. M anagement reviews each real estate investment for impairment whenever events or circumstances indicate that the carrying value of a real estate investment may not be recoverable. The review of recoverability of real estate investments held for use is based on an estimate of the future cash flows that are expected to result from the real estate investment’s use and eventual disposition. These cash flows consider factors such as expected future operating income, trends and prospects, as well as the effects of leasing demand, capital expenditures, competition and other factors. If an impairment event exists due to the projected inability to recover the carrying value of a real estate investment, an impairment loss is recorded to the extent that the carrying value exceeds estimated fair value. Sales of real estate are recognized only when sufficient down payments have been obtained, possession and other attributes of ownership have been transferred to the buyer and the Company has no significant continuing involvement. The Company believes these criteria were met for all real estate sold during 2015, 2014 and 2013. Properties Held For Sale The Company follows the guidance for reporting discontinued operations, whereby a disposal of an individual property or group of properties is required to be reported in “discontinued operations” only if the disposal represents a strategic shift that has, or will have, a major effect on the Company’s operations and financial results. The results of operations for those properties not meeting such criteria are reported in “continuing operations” in the consolidated statements of operations. The provisions of the guidance were applied prospectively, i.e., for properties classified as “held for sale” subsequent to December 31, 2013. The results of operations for all properties classified as “held for sale” prior to the adoption of the guidance were reported as “discontinued operations” in the consolidated statements of operations. The carrying values of the assets and liabilities of properties determined to be held for sale, principally the net book values of the real estate and the related mortgage loans payable expected to be assumed by the buyers, are reclassified as “held for sale” on the Company’s consolidated balance sheets at the time such determinations are made, on a prospective basis only. In addition, the Company anticipates that sales of all such properties remaining classified as “held for sale” at the balance sheet date will be concluded within one year from such date. The Company conducts a continuing review of the values for all properties “held for sale” based on final sales prices and sales contracts entered into. Impairment charges/reversals, if applicable, are based on a comparison of the carrying values of the properties with either (1) actual sales prices less costs to sell for properties sold, or contract amounts for properties in the process of being sold, (2) estimated sales prices, less costs to sell, based on discounted cash flow analyses, if no contract amounts were as yet being negotiated (see Note 5 — “Fair Value Measurements”), or (3) with respect to land parcels, estimated sales prices, less costs to sell, based on comparable sales completed in the selected market areas. Prior to the Company’s determination to dispose of properties, which are subsequently reclassified to “held for sale”, the Company performed recoverability analyses based on the estimated undiscounted cash flows that were expected to result from the real estate investments’ use and eventual disposal. The projected undiscounted cash flows of each property reflects that the carrying value of each real estate investment would be recovered. However, as a result of the properties’ meeting the “held for sale” criteria, such properties were written down to the lower of their carrying value and estimated fair values less costs to sell. Cash and Cash Equivalents / Restricted Cash Cash and cash equivalents consist of cash in banks and short-term investments with original maturities when purchased of less than ninety days, and include cash at consolidated joint ventures of $0. 2 million and $ 0.8 million at December 31, 2015 and 2014, respectively. The terms of several of the Company’s mortgage loans payable require the Company to deposit certain replacement and other reserves with its lenders. Such “restricted cash” is generally available only for property-level requirements for which the reserves have been established. Fair Value Measurements The accounting guidance for fair value measurement establishes a fair value hierarchy that prioritizes observable and unobservable inputs used to measure fair value into three levels: · Level 1 – Inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. · Level 2 – Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. · Level 3 – Inputs to the valuation methodology are unobservable and significant to the fair value measurement. The fair value hierarchy gives the highest priority to Level 1 inputs and the lowest priority to Level 3 inputs. In determining fair value, the Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible while also considering counterparty credit risk in the assessment of fair value. Revenue Recognition and Receivables Management has determined that all of the Company’s leases with its various tenants are operating leases. Rental income with scheduled rent increases is recognized using the straight-line method over the respective non-cancelable terms of the leases. The aggregate excess of rental revenue recognized on a straight-line basis over the contractual base rents is included in receivables on the consolidated balance sheet. Leases also generally contain provisions under which the tenants reimburse the Company for a portion of property operating expenses and real estate taxes incurred, generally attributable to their respective allocable portions of gross leasable area. Such income is recognized in the periods earned. In addition, a limited number of operating leases contain contingent rent provisions under which tenants are required to pay, as additional rent, a percentage of their sales in excess of a specified amount. The Company defers recognition of contingent rental income until those specified sales targets are met. Revenues also include items such as lease termination fees, which tend to fluctuate more than rents from year to year. Termination fees are fees that the Company has agreed to accept in consideration for permitting certain tenants to terminate their lease prior to the contractual expiration. The Company recognizes lease termination income when the following conditions are met: (1) the lease termination agreement has been executed, (2) the lease termination fee is determinable, (3) all the Company’s landlord services pursuant to the terminated lease have been rendered, and (4) collectability of the lease termination fee is assured. The Company must make estimates as to the collectability of its accounts receivable related to base rent, straight-line rent, percentage rent, expense reimbursements and other revenues. When management analyzes accounts receivable and evaluates the adequacy of the allowance for doubtful accounts, it considers such things as historical bad debts, tenant creditworthiness, current economic trends, current developments relevant to a tenant’s business specifically and to its business category generally, and changes in tenants’ payment patterns. The allowance for doubtful accounts was $4. 4 million and $ 4.3 million at December 31, 2015 and 2014, respectively. The provision for doubtful accounts (included in operating, maintenance and management expenses) was $1. 4 million, $1.9 million and $1.8 million in 2015, 2014 and 2013, respectively. Income Taxes The Company has elected to be taxed as a REIT under the Internal Revenue Code of 1986, as amended (the “Code”). A REIT will generally not be subject to federal income taxation on that portion of its income that qualifies as REIT taxable income, to the extent that it distributes at least 90% of such REIT taxable income to its shareholders and complies with certain other requirements. As of December 31, 2015, the Company was in compliance with all REIT requirements. The Company follows a two-step approach for evaluating uncertain federal, state and local tax positions. Recognition (step one) occurs when an enterprise concludes that a tax position, based solely on its technical merits, is more-likely-than-not to be sustained upon examination. Measurement (step two) determines the amount of benefit that more-likely-than-not will be realized upon settlement. Derecognition of a tax position that was previously recognized would occur when a company subsequently determines that a tax position no longer meets the more-likely-than-not threshold of being sustained. The Company has not identified any uncertain tax positions which would require an accrual. Derivative Financial Instruments The Company occasionally utilizes derivative financial instruments, principally interest rate swaps, to manage its exposure to fluctuations in interest rates. The Company has established policies and procedures for risk assessment, and the approval, reporting and monitoring of derivative financial instruments. Derivative financial instruments must be effective in reducing the Company’s interest rate risk exposure in order to qualify for hedge accounting. When the terms of an underlying transaction are modified, or when the underlying hedged item ceases to exist, all changes in the fair value of the instrument are marked-to-market with changes in value included in net income for each period until the derivative financial instrument matures or is settled. Any derivative financial instrument used for risk management that does not meet the hedging criteria is marked-to-market with the changes in value included in net income. The Company has not entered into, and does not plan to enter into, derivative financial instruments for trading or speculative purposes. Share-Based Compensation The Company’s 2012 Stock Incentive Plan (the “2012 Plan”) establishes the procedures for the granting of, among other things, restricted stock awards. The maximum number of shares of the Company’s common stock that may be issued pursuant to the 2012 Plan is 4.5 million (see Note 15 – “Share-Based Compensation”), and the maximum number of shares that may be granted to a participant in any calendar year may not exceed 500,000 . All grants issued pursuant to the 2012 Plan generally vest (1) at the end of designated time periods for time-based grants, or (2) upon the completion of a designated period of performance for performance-based grants and satisfaction of performance criteria. Time–based grants are valued according to the market price for the Company’s common stock at the date of grant. For performance-based grants, the Company generally engages an independent appraisal company to determine the value of the shares at the date of grant, taking into account the underlying contingency risks associated with the performance criteria. The value of all grants are being expensed on a straight-line basis over their respective vesting periods (irrespective of achievement of the performance-based grants) adjusted, as applicable, for forfeitures. For restricted share grants subject to graded vesting, the amounts expensed are at least equal to the measured expense of each vested tranche. Based on the terms of the 2012 Plan, those grants of restricted shares that are contributed to the Rabbi Trusts are classified as treasury stock on the Company’s consolidated balance sheet. Supplemental Consolidated Statements of Cash Flows Information Years ended December 31, 2015 2014 2013 Supplemental disclosure of cash activities: Cash paid for interest $ 27,521,000 $ 32,275,000 $ 36,114,000 Supplemental disclosure of non-cash activities: Capitalization of interest and financing costs 409,000 757,000 915,000 Conversions of OP Units into common stock 282,000 371,000 24,000 Issuance of OP Units in connection with a property acquisition - - (1,500,000) Mortgage loans payable assumed upon acquisition (20,462,000) (53,439,000) - Mortgage loans payable assumed by buyer - 15,557,000 - Deed-in-lieu of foreclosure of properties: Real estate transferred - (6,238,000) (4,724,000) Mortgage loans payable and related obligations settled - 7,661,000 13,878,000 Recently-Issued Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued guidance which amends the accounting for revenue recognition. Under the amended guidance, a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. The guidance would be effective for interim and annual reporting periods beginning after December 15, 2017, with early adoption not permitted. The Company is currently in the process of evaluating the impact the adoption of the guidance will have on its consolidated financial statements. In August 2014, the FASB issued guidance which requires management to evaluate whether there are conditions and events that raise substantial doubt about an entity’s ability to continue as a going concern, and to provide disclosures when it is probable that the entity will be unable to meet its obligations as they become due within one year after the date that the financial statements are issued. The guidance is effective for annual periods ending after December 15, 2016, with early adoption being permitted. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements . In February 2015, the FASB issued guidance which amends the current consolidation requirements, including introducing a separate consolidation analysis specific to limited partnerships and other similar entities. Under the analysis, limited partnerships and other similar entities will be considered a variable interest entity unless the limited partners hold substantive kick-out rights or participating rights. The guidance is effective for interim and annual reporting periods beginning after December 15, 2015, with early adoption being permitted. The Company is currently in the process of evaluating the impact the adoption of the guidance will have on its consolidated financial statements. In April 2015, the FASB issued guidance which amends the balance sheet presentation for debt issuance costs. Under the amended guidance, a company will present unamortized debt issuance costs as a direct deduction from the carrying amount of that debt liability. The guidance is to be applied on a retrospective basis, and is effective for annual reporting periods beginning after December 15, 2015, with early adoption being permitted. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements . In September 2015, the FASB issued guidance which requires, if the initial accounting for a business combination is incomplete as of the end of the reporting period in which the acquisition occurs, that the acquirer record provisional amounts based on information available at the acquisition date. The acquirer would then adjust these amounts in the current period, as it obtains more information about facts and circumstances that existed as of the acquisition date. Under the prior guidance, the acquirer must revise comparative information on the income statements and balance sheets for any prior periods affected. The guidance is effective for interim and annual reporting periods beginning after December 15, 2015. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements .

Real Estate

Real Estate	12 Months Ended
	Dec. 31, 2015
Real Estate [Abstract]
Real Estate	Note 3. Real Estate Real estate activity for 2015 and 2014 is comprised of the following: Years ended December 31, 2015 2014 Cost Balance, beginning of year $ 1,476,173,000 $ 1,450,951,000 Properties held for sale (4,599,000) (81,223,000) Properties acquired 65,313,000 91,241,000 Impairments - (6,000) Improvements and betterments 13,140,000 15,210,000 Balance, end of the year $ 1,550,027,000 $ 1,476,173,000 Accumulated depreciation Balance, beginning of the year $ 267,211,000 $ 251,605,000 Properties held for sale (1,380,000) (18,523,000) Depreciation expense 35,001,000 34,129,000 Balance, end of the year $ 300,832,000 $ 267,211,000 Net book value $ 1,249,195,000 $ 1,208,962,000 At December 31, 2015, certain of the Company’s shopping center properties were pledged as collateral for mortgage loans payable. See Note 9 - “Mortgage Loans Payable and Credit Facilities”. 2015 Acquisitions On January 23, 2015, the Company acquired the New London Mall joint venture partner’s 60% ownership interest, giving the Company a 100% ownership interest in this property, which is located in New London, Connecticut. The purchase price for the interest was $27.3 million, consisting of $10.9 million in cash, and $16.4 million representing the 60% share of the in-place mortgage financing. As the property was previously controlled and consolidated by the Company, the acquisition of the 60% noncontrolling ownership interest was recorded as a capital transaction. On February 27, 2015, the Company acquired Lawndale Plaza, located in Philadelphia, Pennsylvania. The purchase price for the property, which was unencumbered, was $25.2 million. The Company incurred costs of $0.5 million in connection with this acquisition. On December 23, 2015, the Company acquired East River Park, located in Washington D.C. The purchase price for the property was $39.0 million, of which $20.5 million was funded from the assumption of a mortgage loan payable bearing interest at the rate of 3.9% per annum and maturing in September 2022 . The Company incurred costs of $0.7 million in connection with this acquisition. In addition, the purchase price has been preliminarily allocated to real estate assets and liabilities assumed, as applicable, in accordance with accounting policies for business combinations, with such valuations to be finalized when valuation studies are complete. 2014 Acquisition On March 21, 2014, the Company acquired Quartermaster Plaza located in Philadelphia, Pennsylvania. The purchase price for the property was approximately $92.3 million, of which approximately $53.4 million was funded from the assumption of (1) a $42.1 million mortgage loan payable, bearing interest at the rate of 5.3% per annum and maturing in October 2015 , and (2) an $11.3 million mortgage loan payable, bearing interest at the rate of 5.5% per annum and payable in October 2014 (repaid in June 2014) , with the remainder being funded from the Company’s unsecured revolving credit facility. The Company incurred costs of $2.9 million in connection with this acquisition. Properties Held For Sale Subsequent to December 31, 2013 At December 31, 2015, Liberty Marketplace, located in Dubois, Pennsylvania was classified as real estate held for sale. On February 11, 2016, the Company sold the property for $15.0 million, which approximated its carrying value. In addition, during 2015 and 2014, the Company sold the properties listed below which did not meet the criteria set forth in the guidance for reporting discontinued operations that was adopted in 2014: Date Sales Gain on Property Location Sold Price Sale 2015 Kenley Village Hagerstown, MD 5/28/2015 $ 2,275,000 $ - Circle Plaza Shamoking Dam, PA 7/22/2015 1,800,000 - $ 4,075,000 $ - 2014 Fairview Plaza New Cumberland, PA 5/27/2014 $ 12,450,000 $3,810,000 Carbondale Plaza Carbondale, PA 7/18/2014 10,700,000 123,000 Virginia Little Creek Norfolk, VA 8/22/2014 9,850,000 2,209,000 Annie Land Plaza Lovingston, VA 9/26/2014 3,500,000 - Smithfield Plaza Smithfield, VA 10/21/2014 12,350,000 - St. James Square Hagerstown, MA 11/5/2014 4,125,000 271,000 $ 52,975,000 $6,413,000 The Company recorded reversals of impairments of $0.2 million in 2015, in addition to impairment charges of $3.4 million in 2014, relating to these properties, which are included in continuing operations in the accompanying consolidated statements of operations. Land Parcels During 2014 and 2013, the Company sold the following land parcels: Date Sales Gain on Property Location Sold Price Sale 2014 Blue Mountain Commons land parcel Harrisburg, PA 10/22/2014 $ 350,000 $ - 2013 Huntingdon Plaza land parcel Huntingdon, PA 3/29/2013 $ 390,000 $ 266,000 Upland Square land parcel Pottstown, PA 11/8/2013 1,700,000 215,000 Oregon Pike land parcel Lancaster, PA 12/23/2013 1,451,000 - $ 3,541,000 $ 481,000 The Company recorded reversals of impairments of $0.3 million in 2014, in addition to impairment charges of $0.9 million in 2013, respectively, relating to land parcels, which are included in continuing operations in the accompanying consolidated statements of operations.

Discontinued Operations

Discontinued Operations	12 Months Ended
	Dec. 31, 2015
Discontinued Operations [Abstract]
Discontinued Operations	Note 4 –Discontinued Operations The following is a summary of the components of income from discontinued operations applicable to properties classified as such prior to the adoption in 2014 of guidance for reporting discontinued op erations: Years ended December 31, 2015 2014 2013 REVENUES Rents $ 38,000 $ 2,698,000 $ 9,963,000 Expense recoveries and other 1,000 918,000 2,754,000 Total revenues 39,000 3,616,000 12,717,000 EXPENSES Operating, maintenance and management 20,000 783,000 3,655,000 Real estate and other property-related taxes 7,000 555,000 2,632,000 Depreciation and amortization - - 1,258,000 Interest - 631,000 2,455,000 Early extinguishment of debt costs - 437,000 Total expenses 27,000 1,969,000 10,437,000 Income from operations 12,000 1,647,000 2,280,000 Impairment reversals / (charges) 153,000 47,000 (3,049,000) Gain on extinguishment of debt obligations - 1,423,000 10,452,000 Gain on sales - 7,963,000 - Total income from discontinued operations $ 165,000 $ 11,080,000 $ 9,683,000 201 5 Transaction On February 2, 2015, the Company sold Huntingdon Plaza, located in Huntingdon, Pennsylvania, for $2.2 million. Upon the sale of Huntingdon Plaza, the Company has no other properties for which the results are classified under the prior accounting guidance for discontinued operations. 2014 Transactions During 2014, the Company sold or conveyed the following properties classified as discontinued operations : Date Sales Gain on Property Location Sold Price Sale Harbor Square (f/k/a Shore Mall) Egg Harbor, NJ 2/25/2014 $ 25,000,000 $ - McCormick Place Olmstead, OH 5/6/2014 2,679,000 (a) - Gahanna Discount Drug Mart Plaza Columbus, OH 5/27/2014 4,982,000 (a) - Townfair Center Indiana, PA 5/29/2014 22,600,000 1,472,000 Lake Raystown Plaza Huntingdon, PA 6/25/2014 19,500,000 6,491,000 $ 74,761,000 $7,963,000 (a) Lender accepted a deed-in-lieu of foreclosure on the property. Sales price represents mortgage loan payable, accrued interest and other expenses forgiven upon title transfer. On May 6, 2014, the McCormick Place lender accepted and recorded the deed to the property, thus completing the deed-in-lieu of foreclosure process in full satisfaction of the mortgage loan payable and related accrued interest aggregating $2.7 million. Based on the $1.8 million carrying value of the property, the Company recorded a $0.8 million gain on the extinguishment of a debt obligation in the second quarter of 2014, which is included in discontinued operations in the accompanying consolidated statement of operations. On May 27, 2014, the Gahanna Discount Drug Mart Plaza lender accepted and recorded the deed to the property, thus completing the deed-in-lieu of foreclosure process in full satisfaction of the mortgage loan payable and related accrued interest aggregating $5.0 million. Based on the $4.3 million carrying value of the property, the Company recorded a $0.6 million gain on the extinguishment of a debt obligation in the second quarter of 2014, which is included in discontinued operations in the accompanying consolidated statement of operations. 2013 Transactions During 201 3 , the Company sold or conveyed the following properties classified as discontinued operations : Date Sales Gain on Property Location Sold Price Sale East Chestnut Lancaster, PA 1/2/2013 $ 3,100,000 $ - Columbia Mall Bloomsburg, PA 4/17/2013 2,775,000 - Heritage Crossing Limerick, PA 5/9/2013 9,400,000 - Westlake Discount Drug Mart Plaza Westlake, OH 6/5/2013 2,240,000 - Dunmore Shopping Center Dunmore, PA 11/8/2013 4,000,000 - Roosevelt II Philadelphia, PA 11/14/2013 13,878,000 (a) - Oakhurst Plaza Harrisburg, PA 12/11/2013 11,000,000 - $ 46,393,000 $ - (a) Lender accepted a deed-in-lieu of foreclosure on the property. Sales price represents mortgage loan payable, accrued interest and other expenses forgiven upon title transfer. On June 5, 2013, the Company sold, through a short sale, Westlake Discount Drug Mart Plaza for net proceeds of $2.1 million. As of that date, the balance of the mortgage loan payable secured by the sold property, including accrued interest and real estate taxes, totaled $3.4 million. The lender accepted the net proceeds of $2.1 million in full satisfaction of the mortgage loan payable and related accrued interest. As a result, the Company recorded a $1.3 million gain on the extinguishment of a debt obligation during the second quarter of 2013, which is included in discontinuing operations in the accompanying consolidated statements of operations. On November 14, 2013, the Roosevelt II lender accepted and recorded the deed to the property, thus completing the deed-in-lieu of foreclosure process in full satisfaction of the mortgage loan payable and related accrued interest aggregating $13.9 million. Based on the $4.7 million carrying value of the property, the Company recorded a $9.2 million gain on the extinguishment of a debt obligation of in the fourth quarter of 2013, which is included in discontinued operations in the accompanying consolidated statements of operations.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2015
Fair Value Measurements [Abstract]
Fair Value Measurements	Note 5 . Fair Value Measurements The carrying amounts of cash and cash equivalents, restricted cash, rents and other receivables, certain other assets, accounts payable and accrued liabilities, and variable-rate debt approximate their fair value due to their terms and/or short-term nature. The fair value of the Company’s investments and liabilities related to share-based compensation were determined to be Level 1 within the valuation hierarchy, and were based on independent values provided by financial institutions. The fair value of the Company’s fixed rate mortgage loans were estimated using available market information and discounted cash flow analyses based on borrowing rates the Company believes it could obtain with similar terms and maturities. As of December 31, 2015 and December 31, 2014, the aggregate fair values of the Company’s fixed rate mortgage loans payable, which were determined to be Level 3 within the valuation hierarchy, were approximately $308 .1 million and $410.8 million, respectively; the carrying values of such loans were $299.0 million and $393.4 million, respectively. As of December 31, 2015 and December 31, 2014, respectively, the aggregate fair values of the Company’s variable-rate unsecured revolving credit facility and term loan approximated their carrying values. The valuation of the liabilities for the Company’s interest rate swaps, which are measured on a recurring basis, were determined to be Level 2 within the valuation hierarchy, and were based on independent values provided by financial institutions. Such valuations were determined using widely accepted valuation techniques, including discounted cash flow analyses, on the expected cash flows of each derivative. The analyses reflect the contractual terms of the swaps, including the period to maturity, and user-observable market-based inputs, including interest rate curves (“significant other observable inputs”). The fair value calculation also includes an amount for risk of non-performance using “significant unobservable inputs” such as estimates of current credit spreads to evaluate the likelihood of default. The Company has concluded that, as of December 31, 2015, the fair value associated with the “significant unobservable inputs” relating to the Company’s risk of non-performance was insignificant to the overall fair value of the interest rate swap agreements and, as a result, that the relevant inputs for purposes of calculating the fair value of the interest rate swap agreements, in their entirety, were based upon “significant other observable inputs”. Nonfinancial assets and liabilities measured at fair value in the consolidated financial statements consist of real estate held for sale, which are measured on a nonrecurring basis, have been determined to be (1) Level 2 within the valuation hierarchy, where applicable, based on the respective contracts of sale, adjusted for closing costs and expenses, or (2) Level 3 within the valuation hierarchy, where applicable, based on estimated sales prices, adjusted for closing costs and expenses, determined by discounted cash flow analyses, direct capitalization analyses or a sales comparison approach if no contracts had been concluded. The discounted cash flow and direct capitalization analyses include all estimated cash inflows and outflows over a specific holding period and, where applicable, any estimated debt premiums. These cash flows were comprised of unobservable inputs which included forecasted rental revenues and expenses based upon existing in-place leases, market conditions and expectations for growth. Capitalization rates and discount rates utilized in these analyses were based upon observable rates that the Company believed to be within a reasonable range of current market rates for the respective properties. The sales comparison approach was utilized for certain land values and include comparable sales that were completed in the selected market areas. The comparable sales utilized in these analyses were based upon observable per acre rates that the Company believed to be within a reasonable range of current market rates for the respective properties. Valuations were prepared using internally-developed valuation models. These valuations are reviewed and approved, during each reporting period, by a diverse group of management, as deemed necessary, including personnel from the acquisition, accounting, finance, operations, development and leasing departments, and the valuations are updated as appropriate. In addition, the Company may engage third party valuation experts to assist with the preparation of certain of its valuations. The following tables show the hierarchy for those assets measured at fair value on a recurring basis as of December 31, 201 5 and December 31, 201 4 , respectively: December 31, 2015 Description Level 1 Level 2 Level 3 Total Investments related to deferred compensation liabilities (a) $ 539,000 $ - $ - $ 539,000 Share-based compensation liabilities (b) $ 529,000 $ - $ - $ 529,000 Interest rate swaps liability (b) $ - $ 3,945,000 $ - $ 3,945,000 December 31, 2014 Description Level 1 Level 2 Level 3 Total Investments related to deferred compensation liabilities (a) $ 492,000 $ - $ - $ 492,000 Share-based compensation liabilities (b) $ 487,000 $ - $ - $ 487,000 Interest rate swaps liability (b) $ - $ 2,777,000 $ - $ 2,777,000 (a) Included in other assets and deferred charges, net in the accompanying consolidated balance sheets. (b) Included in accounts payable and accrued liabilities in the accompanying consolidated balance sheets. The following tables show the hierarchy for those assets measured at fair value on a non-recurring basis as of December 31, 201 5 and December 31, 201 4 , respectively: December 31, 2015 Description Level 1 Level 2 Level 3 Total Real estate held for sale $ - $ 14,402,000 $ - $ 14,402,000 December 31, 2014 Description Level 1 Level 2 Level 3 Total Real estate held for sale $ - $ 3,424,000 $ 13,084,000 $ 16,508,000 The following table details the quantitative information regarding Level 3 assets measured at fair value on a non-recurring basis as of December 31, 201 4 : December 31, 2014 Valuation Unobservable Description Fair value Technique inputs Rate Retail property $ 13,084,000 Discounted cash flow Capitalization rate 8.3% Discount rate 9.6%

Concentration Of Credit Risk

Concentration Of Credit Risk	12 Months Ended
	Dec. 31, 2015
Concentration Of Credit Risk [Abstract]
Concentration Of Credit Risk	Note 6. Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents in excess of insured amounts and tenant receivables. The Company places its cash and cash equivalents with high quality financial institutions. Management performs ongoing credit evaluations of its tenants and requires certain tenants to provide security deposits and/or suitable guarantees. Excluding properties held for sale, Giant Food Stores, LLC and Stop & Shop, Inc., each of which is owned by Ahold N.V., a Netherlands corporation, accounted for an aggregate of approximately 12% , 14% and 15% of the Company’s total revenues during 2015, 2014 and 2013, respectively. The Company’s properties are located largely in the region straddling the Washington DC to Boston corridor, which exposes it to greater economic risks than if the properties it owned were located in a greater number of geographic regions (in particular, 27 of the Company’s properties are located in Pennsylvania).

Receivables

Receivables	12 Months Ended
	Dec. 31, 2015
Receivables [Abstract]
Receivables	Note 7 . Receivables Receivables at December 31, 201 5 and 201 4 are comprised of the following: December 31, 2015 2014 Rents and other receivables, net $ 2,439,000 $ 3,479,000 Straight-line rents 15,473,000 14,926,000 $ 17,912,000 $ 18,405,000 During 2012, a $4.1 million loan receivable collateralized by a mortgage on a development parcel went into default. The Company concluded that the loan was unlikely to be paid and wrote off the loan and accrued interest, resulting in an impairment charge during 2012 . Subsequently, in March 2013, the borrowers sold the development land parcel for approximately $1.1 million and, simultaneously, the Company accepted $1.1 million in full satisfaction of the loan. As a result, the Company recorded an impairment reversal of $1.1 million during 2013, which is included in continuing operations in the accompanying consolidated statements of operations.

Other Assets And Deferred Charg

Other Assets And Deferred Charges, Net	12 Months Ended
	Dec. 31, 2015
Other Assets And Deferred Charges, Net [Abstract]
Other Assets And Deferred Charges, Net	Note 8. Other Assets and Deferred Charges, Net Other assets and deferred charges, net at December 31, 2015 and 2014 are comprised of the following: December 31, 2015 2014 Lease origination costs (a) $ 18,394,000 $ 18,180,000 Financing costs 5,490,000 4,256,000 Prepaid expenses 6,104,000 6,689,000 Leasehold improvements, furniture and fixtures 532,000 761,000 Investments related to share-based compensation 539,000 492,000 Other 1,339,000 1,168,000 Total other assets and deferred charges, net $ 32,398,000 $ 31,546,000 (a) Lease origination costs include the unamortized balance of intangible lease assets resulting from purchase accounting allocations of $8.0 million (cost of $21.3 million and accumulated amortization of $13.3 million) and $8.4 million (cost of $20.7 million and accumulated amortization of $12.3 million) for the years ended December 31, 2015 and 2014, respectively. Deferred charges are amortized over the terms of the related agreements. Amortization expense related to deferred charges (including amortization of deferred financing costs included in non-operating income and expense) amounted to $5.2 million, $5.6 million and $5.2 million for 2015, 2014 and 2013, respectively. The unamortized balances of deferred lease origination costs and deferred financing costs are net of accumulated amortization of $25.6 million and $6.9 million, respectively, and will be charged to future operations as follows (lease origination costs through 2080, and financing costs through 2029): Lease origination Financing costs costs 2016 $ 3,081,000 $ 1,555,000 2017 2,513,000 1,422,000 2018 2,146,000 1,401,000 2019 1,834,000 580,000 2020 1,342,000 292,000 Thereafter 7,478,000 240,000 $ 18,394,000 $ 5,490,000

Mortgage Loans Payable And Unse

Mortgage Loans Payable And Unsecured Credit Facilities	12 Months Ended
	Dec. 31, 2015
Mortgage Loans Payable And Unsecured Credit Facilities [Abstract]
Mortgage Loans Payable And Unsecured Credit Facilities	Note 9 . Mortgage Loans Payable and Unsecured Credit Facilities Debt is comprised of the following at December 31, 2015 and 2014: December 31, 2015 December 31, 2014 Interest rates Interest rates Balance Weighted Balance Weighted Description outstanding average Range outstanding average Range Fixed-rate mortgages $ 299,022,000 5.0% 3.1% - 7.5% $ 393,388,000 5.4% 3.1% - 7.5% Unsecured credit facilities: Variable-rate: Revolving credit facility 78,000,000 1.7% 72,000,000 1.9% Term loan 50,000,000 1.7% 50,000,000 1.9% Fixed-rate: Term loan 75,000,000 2.9% 75,000,000 3.2% Term loan 50,000,000 2.8% - - Term loan 75,000,000 4.0% 75,000,000 4.1% Term loan 50,000,000 3.3% - - $ 677,022,000 3.7% $ 665,388,000 4.3% Mortgage Loans P ayable Mortgage loan activity for 2015 and 2014 is summarized as follows: Years ended December 31, 2015 2014 Balance, beginning of year $ 393,388,000 $ 516,292,000 Mortgages on properties held for sale - (15,249,000) Mortgage loan assumptions 20,462,000 53,439,000 Repayments (114,828,000) (161,094,000) Balance, end of the year $ 299,022,000 $ 393,388,000 During 2015 and 2014 , the Company repaid the following mortgage loans payable: Principal Payoff Property Repayment Date Amount 2015 New London Mall February 1, 2015 $ 27,365,000 Oak Ridge Shopping Center March 11, 2015 $ 3,155,000 Pine Grove Plaza June 1, 2015 $ 5,139,000 Quartermaster Plaza July 1, 2015 $ 41,327,000 Groton Shopping Center July 1, 2015 $ 10,953,000 Jordan Lane August 2, 2015 $ 11,682,000 Southington Center August 2, 2015 $ 5,129,000 Oakland Mills September 1, 2015 $ 4,385,000 2014 Virginia Little Creek February 3, 2014 $ 295,000 Upland Square February 11, 2014 $ 57,839,000 Kings Plaza April 1, 2014 $ 7,188,000 Coliseum Marketplace April 1, 2014 $ 11,045,000 Liberty Marketplace April 1, 2014 $ 8,171,000 Trexler Mall May 11, 2014 $ 19,479,000 Yorktowne Plaza June 2, 2014 $ 18,726,000 Quartermaster Plaza June 5, 2014 $ 11,217,000 Fieldstone Marketplace July 11, 2014 $ 16,878,000 Mechanicsburg Center August 1, 2014 $ 8,215,000 Smithfield Plaza October 21, 2014 $ 6,616,000 Elmhurst Square December 11, 2014 $ 3,638,000 During 2015 and 2014, in connection with these repayments, the Company incurred charges relating to early extinguishment of mortgage loans payable (prepayment penalties and accelerated amortization of deferred financing costs) of $105,000 and $825,000 , respectively, included in continuing operations. Unsecured Revolving C redit F acilit y and Term Loans The Company has a $310 million unsecured credit facility which, as amended on February 5, 2015, consists of (1) a $260 million revolving credit facility, expiring on February 5, 2019 , and (2) a $50 million term loan, expiring on February 5, 2020 . The revolving credit facility may be extended, at the Company’s option, for an additional one -year period, subject to customary conditions. Under an accordion feature, the facility can be increased to $750 million, subject to customary conditions and lending commitments. Interest on borrowings under the revolving credit facility component can range from LIBOR plus 135 basis points (“bps”) to 195 bps ( 135 bps at December 31, 2015) and interest on borrowings under the term loan component can range from LIBOR plus 130 to 190 bps ( 130 bps at December 31, 2015), each based on the Company’s leverage ratio. As of December 31, 2015, the Company had $182.0 million available for additional borrowings under the revolving credit facility. The Company has $150 million of unsecured term loans comprised of a five -year $75 million term loan, maturing on February 11, 2019 , and a seven -year $75 million term loan, maturing on February 11, 2021 . Interest on borrowings under the five-year $75 million term loan can range from LIBOR plus 130 bps to 190 bps ( 130 bps at December 31, 2015) and interest on borrowings under the seven-year $75 million term loan can range from LIBOR plus 170 bps to 230 bps ( 170 bps at December 31, 2015), each based on the Company’s leverage ratio. Additionally, the Company has entered into forward interest rate swap agreements which convert the LIBOR rates to fixed rates for these term loans through their maturities. Based on the Company’s leverage ratio as of December 31, 2015, the effective fixed interest rates are 2.9% for the five-year $75 million term loan and 4.0% for the seven-year $75 million term loan, respectively. On February 5, 2015, the Company closed $100 million of new unsecured term loans comprised of a five -year $50 million term loan maturing February 5, 2020 (all of which was borrowed at closing), and a seven -year $50 million term loan maturing February 5, 2022 (all of which was borrowed on June 26, 2015). Interest on borrowings under the five-year $50 million term loan can range from LIBOR plus 130 to 190 bps ( 130 bps at December 31, 2015) and interest on borrowings under the seven-year $50 million term loan can range from LIBOR plus 155 bps to 215 bps ( 155 bps at December 31, 2015), each based on the Company’s leverage ratio. Additionally, the Company entered into forward interest rate swap agreements which convert the LIBOR rates to fixed rates for these term loans beginning on July 1, 2015 through their maturities. Based on the Company’s leverage ratio as of December 31, 2015, the effective fixed interest rates are 2.8% for the five-year $50 million term loan and 3.3% for the seven-year $50 million term loan. The Company’s unsecured credit facility and term loans contain financial covenants including, but not limited to, maximum debt leverage, maximum secured debt, minimum fixed charge coverage, and minimum net worth. In addition, the facility contains restrictions including, but not limited to, limits on indebtedness, certain investments and distributions. Although the credit facility is unsecured, borrowing availability is based on unencumbered property adjusted net operating income, as defined in the agreements. The Company’s failure to comply with the covenants or the occurrence of an event of default under the facilities could result in the acceleration of the related debt. As of December 31, 2015 the Company is in compliance with all financial covenants. Scheduled Principal Payments Scheduled principal payments on mortgage loans payable, unsecured term loans, and the unsecured credit facility at December 31, 2015, due on various dates from 2016 to 2029, are as follows: 2016 $ 129,284,000 2017 63,560,000 2018 20,821,000 2019 155,725,000 (a) 2020 111,545,000 Thereafter 196,087,000 $ 677,022,000 (a) Includes $78.0 million applicable to the unsecured revolving credit facility, subject to a one -year extension option. Derivative Financial I nstruments At December 31, 2015, the Company had $3,945,000 included in accounts payable and accrued liabilities on the consolidated balance sheet relating to the fair value of the interest rate swaps applicable to the unsecured term loans discussed above. Charges and/or credits relating to the changes in the fair value of the interest rate swaps are made to accumulated other comprehensive income (loss), noncontrolling interests (minority interests in consolidated joint ventures and limited partners’ interest), or operations (included in interest expense), as applicable. Over time, the unrealized gains and losses recorded in accumulated other comprehensive loss will be reclassified into earnings as an increase or reduction to interest expense in the same periods in which the hedged interest payments affect earnings. The Company estimates that approximately $3.2 million of accumulated other comprehensive loss will be reclassified as a charge to earnings within the next twelve months. The following is a summary of the derivative financial instruments held by the Company at December 31, 2015 and December 31, 201 4 : December 31, 2015 Designation/ Notional Fair Maturity Balance sheet Cash flow Derivative Count value value dates location Qualifying Interest rate swaps 4 $ 250,000,000 $ 3,945,000 2019 - 2022 Accounts payable and accrued liabilities December 31, 2014 Designation/ Notional Fair Maturity Balance sheet Cash flow Derivative Count value value dates location Qualifying Interest rate swaps 2 $ 150,000,000 $ 2,777,000 2019 and 2021 Accounts payable and accrued liabilities The following presents the effect of the Company’s derivative financial instruments on the consolidated statements of operations and the consolidated statements of equity 2015, 2014 and 201 3 , respectively: (Loss) gain recognized in other comprehensive income (effective portion) Designation/ Years ended December 31, Cash flow Derivative 2015 2014 2013 Qualifying Interest rate swaps $ (4,539,000) $ (3,650,000) $ 202,000 (Gain) loss recognized in other comprehensive income reclassified into earnings (effective portion) Years ended December 31, Classification 2015 2014 2013 Continuing Operations $ 3,621,000 $ 1,663,000 $ 749,000 Discontinued Operations $ - $ 129,000 $ 309,000 As of December 31, 2015 , the Company believes it has no significant risk associated with non-performance of the financial institutions which are the counterparties to its derivative contracts. Additionally, based on the rates in effect as of December 31, 2015, if a counterparty were to default, the Company would receive a net interest benefit.

Intangible Lease Asset_Liabilit

Intangible Lease Asset/Liability	12 Months Ended
	Dec. 31, 2015
Intangible Lease Asset/Liability [Abstract]
Intangible Lease Asset/Liability	Note 10. Intangible Lease Asset/Liability Unamortized intangible lease liabilities that relate to below-market leases amounted to $ 23. 2 million and $ 23.8 million at December 31, 2015 and December 31, 2014, respectively. Unamortized intangible lease assets that relate to above-market leases amounted to $0.6 million and $0.1 million at December 31, 2015 and December 31, 2014, respectively. The unamortized balance of intangible lease liabilities at December 31, 2015 is net of accumulated amortization of $40.7 million, and will be credited to future operations through 2080 as follows: 2016 $ 2,921,000 2017 2,667,000 2018 2,538,000 2019 2,254,000 2020 1,703,000 Thereafter 11,104,000 $ 23,187,000

Commitments And Contingencies

Commitments And Contingencies	12 Months Ended
	Dec. 31, 2015
Commitments And Contingencies [Abstract]
Commitments And Contingencies	Note 11 . Commitments and Contingencies The Company is a party to certain legal actions arising in the normal course of business. Management does not expect there to be adverse consequences from these actions that would be material to the Company’s consolidated financial statements. Under various federal, state, and local laws, ordinances, and regulations, an owner or operator of real estate may be required to investigate and clean up hazardous or toxic substances, or petroleum product releases, at its properties. The owner may be liable to governmental entities or to third parties for property damage, and for investigation and cleanup costs incurred by such parties in connection with any contamination. Generally, the Company’s tenants must comply with environmental laws and meet any remediation requirements. In addition, leases typically impose obligations on tenants to indemnify the Company from any compliance costs the Company may incur as a result of environmental conditions on the property caused by the tenant. However, if a lease does not require compliance, or if a tenant fails to or cannot comply, the Company could be forced to pay these costs. Management is unaware of any environmental matters that would have a material impact on the Company’s consolidated financial statements. The Company’s executive offices are located at 44 South Bayles Avenue, Port Washington, New York. The terms of the lease, which will expire in February 2020, provide for future minimum rents as follows: 2016 - $476,000 , 2017 - $489,000 , 2018 - $503,000 , 2019 - $517,000 and 2020 - $86,000 . In addition, several of the Company’s properties and portions of several others are owned subject to operating leases which provide for annual payments subject, in certain cases, to cost-of-living, as follows: 2016 - $1.1 million, 2017 - $0.5 million, 2018 - $0.4 million, 2019 - $0.4 million, 2020 - $0.4 million, and thereafter - $13.4 million. Rent expense was $1.5 million, $1.3 million and $1.4 million for 2015, 2014 and 2013, respectively.

Shareholders' Equity

Shareholders' Equity	12 Months Ended
	Dec. 31, 2015
Shareholders' Equity [Abstract]
Shareholders' Equity	Note 12 . Shareholders’ Equity Preferred Stock The Company’s 7.25% Series B Cumulative Redeemable Preferred Stock (“Series B Preferred Stock”) has a liquidation preference of $25.00 per share, has no stated maturity, is not convertible into any other security of the Company, and is redeemable at the Company’s option beginning May 22, 2017 at a price of $25.00 per share plus accrued and unpaid distributions. In addition, the Company had an at-the-market equity program, which expired on May 29, 2015, under which the Company could offer and sell, from time-to-time, shares of its Series B Preferred Stock. There were no transactions during 2015 and 2014 under this program. Common Stock On January 12, 2015, the Company concluded a public offering of 5,750,000 shares of its common stock (including 750,000 shares relating to the exercise of an over-allotment option by the underwriters), and realized net proceeds, after offering expenses, of approximately $41.9 million. On January 13, 2014, the Company concluded a public offering of 6,900,000 shares of its common stock (including 900,000 shares relating to the exercise of an over-allotment option by the underwriters), and realized net proceeds, after offering expenses, of approximately $41.3 million. The Company had an at-the-market offering program , which expired on May 29, 2015, under which it could offer and sell, from time-to-time, shares of its common stock. Prior to the expiration of this program, no shares were sold in 2015 and 2014. The Company has a Dividend Reinvestment and Direct Stock Purchase Plan (“DRIP”) which offers a convenient method for shareholders to invest cash dividends and/or make optional cash payments to purchase shares of the Company’s common stock. Such purchases are at 100% of market value. There were no significant transactions under the DRIP during 2015 and 2014. At December 31, 2015, there remained 2,847,000 shares authorized under the DRIP. OP Units Certain noncontrolling interests of the Company had been classified in the mezzanine section of the balance sheet (the “mezzanine OP Units”) as such OP Units had not met the requirements for equity classification (the holders of such OP Units had, under the federal securities laws, demand registration rights of the Company’s common stock upon conversion of such OP Units). Such registration rights expired on April 25, 2015 and, accordingly, such OP Units now meet the requirements for equity classification. During 2014, the Company redeemed 69,000 OP Units from one of its executive officers for a total cash outlay of $424,000 , based on the market value of the Company’s common stock. There were no other significant OP Unit redemptions during 2015 and 2014. During 2015 and 2014, holders of 40,000 and 51,000 OP Units, respectively, converted their holdings to shares of the Company’s common stock. D ividends The following table provides a summary of dividends declared and paid per share: Years ended December 31, 2015 2014 2013 Common stock $ 0.200 $ 0.200 $ 0.200 7.250% Series B Preferred Stock $ 1.812 $ 1.812 $ 1.812 At December 31, 2015 and 2014, there were $1.6 million and $1.6 million, respectively, of accrued preferred stock dividends. On January 25, 2016 , the Company’s Board of Directors declared a dividend of $ 0.05 per share with respect to its common stock. At the same time, the Board declared a dividend of $ 0.453125 per share with respect to the Company’s Series B Preferred Stock. The distributions are payable on February 22, 2016 to shareholders of record on February 12, 2016 .

Revenues

Revenues	12 Months Ended
	Dec. 31, 2015
Revenues [Abstract]
Revenues	Note 13 . Revenues Rents for 2015, 2014 and 2013, respectively, are comprised of the following: Years ended December 31, 2015 2014 2013 Base rents $ 112,319,000 $ 110,739,000 $ 103,721,000 Percentage rent 789,000 683,000 804,000 Straight-line rents 506,000 761,000 1,387,000 Amortization of intangible lease liabilities, net 3,125,000 4,322,000 4,441,000 Total rents $ 116,739,000 $ 116,505,000 $ 110,353,000 Annual future base rents due to be received under non-cancelable operating leases in effect at December 31, 2015 are approximately as follows (excluding those base rents applicable to properties classified as real estate held for sale): 2016 $ 108,891,000 2017 99,195,000 2018 89,025,000 2019 74,704,000 2020 57,484,000 Thereafter 250,979,000 $ 680,278,000 Total future minimum rents do not include expense recoveries for real estate taxes and operating costs, or percentage rents based upon tenants’ sales volume. Such additional revenue amounts aggregated approximately $32.6 million, $32.1 million and $29.5 million for 2015, 2014 and 2013, respectively. Such amounts do not include amortization of intangible lease liabilities.

401(k) Retirement Plan

401(k) Retirement Plan	12 Months Ended
	Dec. 31, 2015
401(k) Retirement Plan [Abstract]
401(k) Retirement Plan	Note 14. 401(k) Retirement Plan The Company has a 401(k) retirement plan (the “Plan”), which permits all eligible employees to defer a portion of their compensation under the Code. Pursuant to the provisions of the Plan, the Company may make discretionary contributions on behalf of eligible employees. The Company made contributions to the Plan of $265,000 , $279,000 , and $244,000 for 2015, 2014, and 2013, respectively.

Share-Based Compensation

Share-Based Compensation	12 Months Ended
	Dec. 31, 2015
Share-Based Compensation [Abstract]
Share-Based Compensation	Note 1 5 . Share-Based Compensation The following tables set forth certain share-based compensation information for 2015, 2014, and 2013, respectively: Years ended December 31, 2015 2014 2013 Expense relating to share grants $ 3,261,000 $ 3,761,000 $ 4,108,000 Amounts capitalized (93,000) (230,000) (407,000) Total charged to operations $ 3,168,000 $ 3,531,000 $ 3,701,000 Weighted average Shares grant date value Unvested shares, December 31, 2014 3,666,000 $ 4.89 Restricted share grants 180,000 7.43 Vested during period (399,000) 4.98 Forfeitures/cancellations (18,000) 5.14 Unvested shares, December 31, 2015 3,429,000 $ 5.03 At December 31, 2015 , 1.5 million shares remained available for grants pursuant to the 2012 Plan and, at that date, there remained an aggregate of $6.6 million applicable to all grants and awards to be expensed over a weighted average period of 2.4 years. During 2015, there were 180,000 time-based restricted shares issued, with a weighted average grant date fair value of $7.43 per share. During 2014 , there were 133,000 time-based restricted shares granted , with a weighted average grant date fair value of $ 6.3 2 per share . During 2013, there were 584,000 time-based restricted shares granted with a weighted average grant date fair value of $5.65 per share. The total fair values of shares vested during 2015, 2014, and 2013 were $2,869,000 , $934,000 , and $1,863,000 , respectively. The Company’s President and Chief Executive Officer has received restricted share grants totaling 2.5 million shares as provided in his employment agreement, one-half of which is time-based, vesting upon the seventh anniversary of the date of grant (vesting on June 15, 2018), and the other half performance-based, to be earned if the total annual return on an investment in the Company’s common stock is at least an average of 6.5% per year for the seven years ending June 15, 2018. An independent appraisal determined the value of the performance-based award to be $4.39 per share compared to a market price at the date of grant of $4.98 per share. Consistent with such awards to other recipients, dividends have been paid on all the shares.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
Earnings Per Share	Note 1 6 . Earnings Per Share Basic earnings per share (“EPS”) is calculated by dividing net income (loss) attributable to the Company’s common shareholders by the weighted average number of common shares outstanding for the period including participating securities (restricted shares issued pursuant to the Company’s share-based compensation program are considered participating securities, as such shares have non-forfeitable rights to receive dividends). Unvested restricted shares are not allocated net losses and/or any excess of dividends declared over net income, as such amounts are allocated entirely to the common shareholders. For 201 5 , 201 4 and 201 3 , the Company had 3.5 million, 3.7 million and 3.8 million, respectively, of weighted average unvested restricted shares outstanding. The following table provides a reconciliation of the numerator and denominator of the EPS calculations for the 201 5 , 201 4 and 201 3 , respectively: Years ended December 31, 2015 2014 2013 Numerator Income from continuing operations $ 21,616,000 $ 17,611,000 $ 4,519,000 Preferred stock dividends (14,408,000) (14,408,000) (14,413,000) Preferred stock redemption costs - - (1,166,000) Net loss attributable to noncontrolling interests 366,000 358,000 247,000 Net earnings allocated to unvested shares (701,000) (734,000) (758,000) Income (loss) from continuing operations attributable to vested common shares 6,873,000 2,827,000 (11,571,000) Income from discontinued operations, net of noncontrolling interests, attributable to vested common shares 164,000 11,012,000 9,682,000 Net income (loss) attributable to vested common shares outstanding $ 7,037,000 $ 13,839,000 $ (1,889,000) Denominator Weighted average number of vested common shares outstanding 81,356,000 75,311,000 68,381,000 Earnings per vested common share, basic and diluted Continuing operations $ 0.09 $ 0.04 $ (0.17) Discontinued operations $ 0.00 $ 0.14 $ 0.14 $ 0.09 $ 0.18 $ (0.03) Fully-diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into shares of common stock. The amounts attributable to the limited partners’ interest in the Operating Partnership have been excluded from the numerator and the related OP Units have been excluded from the denominator for the purpose of calculating diluted EPS as there would have been no effect had such amounts been included. The weighted average number of OP Units outstanding was 378,000 , 433,000 and 297,000 for 201 5 , 201 4 and 201 3 , respectively.

Selected Quarterly Financial Da

Selected Quarterly Financial Data	12 Months Ended
	Dec. 31, 2015
Selected Quarterly Financial Data [Abstract]
Selected Quarterly Financial Data	Note 17. Selected Quarterly Financial Data (unaudited) Quarter ended March 31 June 30 September 30 December 31 2015 Revenues $ 38,635,000 $ 36,742,000 $ 36,100,000 $ 37,730,000 Net income $ 3,399,000 $ 5,416,000 $ 6,126,000 $ 6,840,000 Net (loss) income attributable to common shareholders $ (123,000) $ 1,915,000 $ 2,590,000 $ 3,356,000 Per common share (basic and diluted) (a) $ (0.00) $ 0.02 $ 0.03 $ 0.04 2014 Revenues $ 37,712,000 $ 37,308,000 $ 36,499,000 $ 36,665,000 Net income $ 1,710,000 $ 16,992,000 $ 5,709,000 $ 4,280,000 Net (loss) income attributable to common shareholders $ (1,815,000) $ 13,458,000 $ 2,183,000 $ 747,000 Per common share (basic and diluted) (a) $ (0.03) $ 0.17 $ 0.03 $ 0.01 (a) Differences between the sum of the four quarterly per share amounts and the annual per share amounts are attributable to the effect of the weighted average outstanding share calculations for the respective periods.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2015
Subsequent Events [Abstract]
Subsequent Events	Note 18 . Subsequent Events In determining subsequent events, management reviewed all activity from January 1, 2016 through the date of filing this Annual Report on Form 10- K .

Schedule III - Real Estate And

Schedule III - Real Estate And Accumulated Depreciation	12 Months Ended
	Dec. 31, 2015
Schedule III - Real Estate And Accumulated Depreciation [Abstract]
Schedule III - Real Estate And Accumulated Depreciation	Cedar Realty Trust, Inc. Schedule III Real Estate and Accumulated Depreciation Year ended December 31, 2015 Year built/ Gross Initial cost to the Company Year Percent Year last leasable Building and Property State acquired owned renovated area Land Improvements Academy Plaza PA 2001 100% 1965/2013 137,415 $2,406,000 $9,623,000 Big Y Shopping Center CT 2013 100% 2007 101,105 11,272,000 23,395,000 Camp Hill PA 2002 100% 1958/2005 464,765 4,460,000 17,857,000 Carll's Corner NJ 2007 100% 1960's-1999 129,582 3,034,000 15,293,000 Carmans Plaza NY 2007 100% 1954/2007 193,736 8,539,000 35,804,000 Coliseum Marketplace VA 2005 100% 1987/2012 106,648 2,924,000 14,416,000 Colonial Commons PA 2011 100% 2011/2013 461,914 9,367,000 37,496,000 Crossroads II PA 2008 60% 2009 133,717 15,383,000 - East River Park DC 2015 100% 1946-1996 150,107 9,086,000 30,738,000 Elmhurst Square VA 2006 100% 1961-1983 66,250 1,371,000 5,994,000 Fairview Commons PA 2007 100% 1976/2003 52,964 858,000 3,568,000 Fieldstone Marketplace MA 2005/2012 100% 1988/2003 193,970 5,229,000 21,440,000 Fort Washington Center PA 2002 100% 2003 41,000 2,462,000 - Franklin Village Plaza MA 2004/2012 100% 1987/2005 303,096 14,270,000 61,915,000 Fredericksburg Way VA 2005 100% 1997 63,000 3,213,000 12,758,000 General Booth Plaza VA 2005 100% 1985 71,639 1,935,000 9,493,000 Glen Allen Shopping Center VA 2005 100% 2000 63,328 6,769,000 683,000 Gold Star Plaza PA 2006 100% 1988 71,720 1,644,000 6,519,000 Golden Triangle PA 2003 100% 1960/2005 202,943 2,320,000 9,713,000 Groton Shopping Center CT 2007 100% 1969 117,186 3,070,000 12,320,000 Halifax Plaza PA 2003 100% 1994 51,510 1,412,000 5,799,000 Hamburg Square PA 2004 100% 1993/2010 99,580 1,153,000 4,678,000 Jordan Lane CT 2005 100% 1969/1991 177,504 4,291,000 21,176,000 Kempsville Crossing VA 2005 100% 1985/2013 79,512 2,207,000 11,000,000 Kings Plaza MA 2007 100% 1970/1994 168,243 2,413,000 12,604,000 Lawndale Plaza PA 2015 100% 1998 93,040 3,635,000 21,854,000 Maxatawny Marketplace PA 2011 100% 2014 58,339 1,612,000 - Meadows Marketplace PA 2004/2012 100% 2005 91,518 1,914,000 - Mechanicsburg Giant PA 2005 100% 2003 51,500 2,709,000 12,159,000 Metro Square MD 2008 100% 1999 71,896 3,121,000 12,341,000 Newport Plaza PA 2003 100% 1996 64,489 1,721,000 7,758,000 New London Mall CT 2009 40% 1967/1997 259,566 14,891,000 24,967,000 Northside Commons PA 2008 100% 2009 69,136 3,332,000 - Cedar Realty Trust, Inc. Schedule III Real Estate and Accumulated Depreciation Year ended December 31, 2015 Gross amount at which carried at (continued) Subsequent December 31, 2015 cost Building and Accumulated Amount of Property capitalized Land improvements Total depreciation Encumbrance Academy Plaza $4,407,000 $2,406,000 $14,030,000 $16,436,000 $4,489,000 - Big Y Shopping Center 1,000 10,268,000 24,400,000 34,668,000 1,779,000 - Camp Hill 44,163,000 4,424,000 62,056,000 66,480,000 18,009,000 61,494,000 Carll's Corner (722,000) 2,898,000 14,707,000 17,605,000 4,139,000 - Carmans Plaza 43,000 8,421,000 35,965,000 44,386,000 9,519,000 33,483,000 Coliseum Marketplace 5,425,000 3,586,000 19,179,000 22,765,000 5,849,000 - Colonial Commons 4,872,000 9,367,000 42,368,000 51,735,000 8,431,000 25,721,000 Crossroads II 28,968,000 17,671,000 26,680,000 44,351,000 4,420,000 - East River Park - 9,086,000 30,738,000 39,824,000 - 20,462,000 Elmhurst Square 924,000 1,371,000 6,918,000 8,289,000 2,024,000 - Fairview Commons 49,000 858,000 3,617,000 4,475,000 1,050,000 - Fieldstone Marketplace 1,939,000 5,167,000 23,441,000 28,608,000 7,013,000 - Fort Washington Center 5,176,000 2,462,000 5,176,000 7,638,000 1,883,000 - Franklin Village Plaza 1,087,000 14,681,000 62,591,000 77,272,000 8,020,000 40,725,000 Fredericksburg Way - 3,213,000 12,758,000 15,971,000 3,758,000 - General Booth Plaza 353,000 1,935,000 9,846,000 11,781,000 3,559,000 - Glen Allen Shopping Center 3,000 5,367,000 2,088,000 7,455,000 693,000 - Gold Star Plaza 565,000 1,644,000 7,084,000 8,728,000 2,275,000 1,037,000 Golden Triangle 9,941,000 2,320,000 19,654,000 21,974,000 7,596,000 18,920,000 Groton Shopping Center 576,000 3,073,000 12,893,000 15,966,000 3,645,000 - Halifax Plaza 247,000 1,347,000 6,111,000 7,458,000 2,116,000 - Hamburg Square 5,511,000 1,153,000 10,189,000 11,342,000 2,840,000 4,625,000 Jordan Lane 1,431,000 4,291,000 22,607,000 26,898,000 7,065,000 - Kempsville Crossing (1,481,000) 2,207,000 9,519,000 11,726,000 4,034,000 - Kings Plaza 430,000 2,408,000 13,039,000 15,447,000 3,608,000 - Lawndale Plaza 343,000 3,635,000 22,197,000 25,832,000 713,000 - Maxatawny Marketplace 8,844,000 1,454,000 9,002,000 10,456,000 649,000 - Meadows Marketplace 11,407,000 1,914,000 11,407,000 13,321,000 2,865,000 9,219,000 Mechanicsburg Giant - 2,709,000 12,159,000 14,868,000 3,469,000 - Metro Square (247,000) 5,250,000 9,965,000 15,215,000 2,168,000 7,717,000 Newport Plaza 400,000 1,682,000 8,197,000 9,879,000 2,693,000 - New London Mall 1,424,000 8,807,000 32,475,000 41,282,000 9,545,000 - Northside Commons 10,010,000 3,379,000 9,963,000 13,342,000 1,577,000 - Cedar Realty Trust, Inc. Schedule III Real Estate and Accumulated Depreciation Year ended December 31, 2015 (continued) Year built/ Gross Initial cost to the Company Year Percent Year last leasable Building and Property State acquired owned renovated area Land Improvements Norwood Shopping Center MA 2006 100% 1965/2013 102,459 $1,874,000 $8,453,000 Oak Ridge Shopping Center VA 2006 100% 2000 38,700 960,000 4,254,000 Oakland Commons CT 2007 100% 1962/2013 90,100 2,504,000 15,662,000 Oakland Mills MD 2005 100% 1960's/2004 58,224 1,611,000 6,292,000 Palmyra Shopping Center PA 2005 100% 1960/2012 111,051 1,488,000 6,566,000 Pine Grove Plaza NJ 2003 100% 2001/2002 86,089 2,010,000 6,489,000 Port Richmond Village PA 2001 100% 1988 154,908 2,942,000 11,769,000 Quartermaster Plaza PA 2014 100% 2004 456,602 37,031,000 54,210,000 River View Plaza PA 2003 100% 1991/1998 226,786 9,718,000 40,356,000 San Souci Plaza MD 2009 40% 1985 - 1997 264,134 14,849,000 18,445,000 South Philadelphia PA 2003 100% 1950/2003 283,415 8,222,000 36,314,000 Southington Center CT 2003 100% 1972/2000 155,842 - 11,834,000 Suffolk Plaza VA 2005 100% 1984 67,216 1,402,000 7,236,000 Swede Square PA 2003 100% 1980/2012 100,816 2,268,000 6,232,000 The Brickyard CT 2004 100% 1990/2012 227,193 7,632,000 29,308,000 The Commons PA 2004 100% 2003 203,426 3,098,000 14,047,000 The Point PA 2000 100% 1972/2012 268,037 2,700,000 10,800,000 The Shops at Suffolk Downs MA 2005 100% 2005/2011 121,320 7,580,000 11,089,000 Timpany Plaza MA 2007 100% 1970's-1989 183,775 3,412,000 19,240,000 Trexler Mall PA 2005 100% 1973/2013 337,297 6,932,000 32,815,000 Trexlertown Plaza PA 2006 100% 1990/2011 319,529 13,349,000 23,867,000 Upland Square PA 2007/2013 100% 2009 398,098 28,187,000 - Valley Plaza MD 2003 100% 1975/1994 190,939 1,950,000 7,766,000 Washington Center Shoppes NJ 2001 100% 1979/1995 157,394 2,061,000 7,314,000 Webster Plaza MA 2007 100% 1960's-2004 101,824 3,551,000 18,412,000 West Bridgewater Plaza MA 2007 100% 1970/2007 133,039 2,823,000 14,901,000 Yorktowne Plaza MD 2007 100% 1970/2000 158,982 5,940,000 25,505,000 Land parcels PA n/a 100% n/a - 1,965,000 - Total Portfolio 9,459,113 $332,082,000 $912,537,000 Cedar Realty Trust, Inc. Schedule III Real Estate and Accumulated Depreciation Year ended December 31, 2015 Gross amount at which carried at (continued) Subsequent December 31, 2015 cost Building and Accumulated Amount of Property capitalized Land improvements Total depreciation Encumbrance Norwood Shopping Center $1,667,000 $1,874,000 $10,120,000 $11,994,000 $3,025,000 - Oak Ridge Shopping Center 46,000 960,000 4,300,000 5,260,000 1,210,000 - Oakland Commons (233,000) 2,504,000 15,429,000 17,933,000 4,122,000 - Oakland Mills 41,000 1,611,000 6,333,000 7,944,000 2,230,000 - Palmyra Shopping Center 1,398,000 1,488,000 7,964,000 9,452,000 2,546,000 - Pine Grove Plaza 480,000 2,010,000 6,969,000 8,979,000 2,166,000 - Port Richmond Village 1,420,000 2,843,000 13,288,000 16,131,000 4,937,000 - Quartermaster Plaza 808,000 37,031,000 55,018,000 92,049,000 3,272,000 - River View Plaza 5,021,000 9,718,000 45,377,000 55,095,000 14,495,000 - San Souci Plaza 1,956,000 13,406,000 21,844,000 35,250,000 8,592,000 27,200,000 South Philadelphia 2,717,000 8,222,000 39,031,000 47,253,000 14,508,000 - Southington Center 194,000 - 12,028,000 12,028,000 3,725,000 - Suffolk Plaza 23,000 1,402,000 7,259,000 8,661,000 2,873,000 - Swede Square 5,712,000 2,272,000 11,940,000 14,212,000 4,641,000 9,829,000 The Brickyard 2,620,000 7,648,000 31,912,000 39,560,000 8,945,000 - The Commons 3,008,000 3,098,000 17,055,000 20,153,000 5,884,000 - The Point 14,719,000 2,996,000 25,223,000 28,219,000 8,595,000 28,488,000 The Shops at Suffolk Downs 9,518,000 7,580,000 20,607,000 28,187,000 4,936,000 - Timpany Plaza 1,410,000 3,368,000 20,694,000 24,062,000 5,100,000 - Trexler Mall 7,519,000 6,932,000 40,334,000 47,266,000 10,895,000 - Trexlertown Plaza 26,973,000 13,351,000 50,838,000 64,189,000 8,475,000 - Upland Square 68,409,000 25,783,000 70,813,000 96,596,000 11,280,000 - Valley Plaza 1,103,000 1,950,000 8,869,000 10,819,000 2,990,000 - Washington Center Shoppes 4,271,000 2,000,000 11,646,000 13,646,000 4,464,000 - Webster Plaza (185,000) 4,082,000 17,696,000 21,778,000 4,475,000 - West Bridgewater Plaza (809,000) 2,596,000 14,319,000 16,915,000 3,729,000 10,102,000 Yorktowne Plaza 457,000 5,801,000 26,101,000 31,902,000 7,229,000 - Land parcels (944,000) 879,000 142,000 1,021,000 - - Total Portfolio $305,408,000 $323,859,000 $1,226,168,000 $1,550,027,000 $300,832,000 $299,022,000 Cedar Realty Trust, Inc. Schedule III Real Estate and Accumulated Depreciation Year ended December 31, 2015 (continued) The changes in real estate and accumulated depreciation for the three years ended December 31, 2015 are as follows: Cost 2015 2014 2013 Balance, beginning of the year $1,476,173,000 $1,450,951,000 $1,423,979,000 Properties held for sale (4,599,000) (81,223,000) - Properties acquired 65,313,000 91,241,000 34,666,000 Properties sold - - (1,351,000) Impairments - (6,000) (928,000) Improvements and betterments 13,140,000 15,210,000 13,581,000 Write-off fully-depreciated assets - - (18,996,000) Balance, end of the year $1,550,027,000 (1) $1,476,173,000 $1,450,951,000 Accumulated depreciation Balance, beginning of the year $267,211,000 $251,605,000 $229,535,000 Properties held for sale (1,380,000) (18,523,000) - Depreciation expense (2) 35,001,000 34,129,000 41,066,000 Write-off fully-depreciated assets - - (18,996,000) Balance, end of the year $300,832,000 $267,211,000 $251,605,000 Net book value $1,249,195,000 $1,208,962,000 $1,199,346,000 (1) At December 31, 2015, the aggregate cost for federal income tax purposes was approximately $0.3 million less than the Company's recorded values. (2) Depreciation is provided over the estimated useful lives of the buildings and improvements, which range from 3 to 40 years.

Summary Of Significant Accoun27

Summary Of Significant Accounting Policies (Policy)	12 Months Ended
	Dec. 31, 2015
Summary Of Significant Accounting Policies [Abstract]
Principles Of Consolidation/Basis of Preparation	Principles of Consolidation/Basis of Preparation The consolidated financial statements include the accounts and operations of the Company, the Operating Partnership, its subsidiaries, and certain joint venture partnerships in which it participates. The Company consolidates all variable interest entities (“VIEs”) for which it is the primary beneficiary. Generally, a VIE is an entity with one or more of the following characteristics: (1) the total equity investment at risk is not sufficient to permit the entity to finance its activities without additional subordinated financial support, (2) as a group, the holders of the equity investment at risk (a) lack the power through voting or similar rights to make decisions about the entity’s activities that significantly impact the entity’s performance, (b) have no obligation to absorb the expected losses of the entity, or (c) have no right to receive the expected residual returns of the entity, or (3) the equity investors have voting rights that are not proportional to their economic interests, and substantially all of the entity’s activities either involve, or are conducted on behalf of, an investor that has disproportionately fewer voting rights. A VIE is required to be consolidated by its primary beneficiary. The primary beneficiary of a VIE has (1) the power to direct the activities that most significantly impact the entity’s economic performance, and (2) the obligation to absorb losses of the VIE or the right to receive benefits from the VIE that could be significant to the VIE. Significant judgments related to these determinations include estimates about the current and future fair values, performance of real estate held by these VIEs, and general market conditions. The Company has a 60% -owned joint venture originally formed to develop the project known as Crossroads II. This joint venture is consolidated as it is deemed to be a VIE and the Company is the primary beneficiary. The Company (1) guaranteed all related debt, (2) does not require its partners to fund additional capital requirements, (3) has an economic interest greater than its voting proportion and (4) directs the management activities that significantly impact the performance of the joint venture. At December 31, 2015, this VIE owned real estate with a carrying value of $39. 9 million and no mortgage loan payable. With respect to its consolidated joint venture property at San Souci Plaza, the Company is the general partner and has a partnership interest of 40% at December 31, 2015. As the entity is not a VIE, and the Company is the sole general partner and exercises substantial operating control over the entity, the Company has determined that the entity should be consolidated. On January 23, 2015, the Company acquired the New London Mall joint venture partner’s 60% ownership interest, giving the Company a 100% ownership interest in this property, which is located in New London, Connecticut (See Note 3 - “Real Estate”). Prior to the acquisition of the joint venture partner’s ownership interest, as the entity was not a VIE, and the Company was the sole general partner and exercised substantial operating control over the entity, the Company determined that the entity should be consolidated. The accompanying financial statements are prepared on the accrual basis in accordance with accounting principles generally accepted in the United States (“GAAP”), which requires management to make estimates and assumptions that affect the disclosure of contingent assets and liabilities, the reported amounts of assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the periods covered by the financial statements. Actual results could differ from these estimates.
Real Estate Investments	Real Estate Investments Real estate investments are carried at cost less accumulated depreciation. The provision for depreciation is calculated using the straight-line method based upon the estimated useful lives of the respective assets of between 3 and 40 years, with buildings being depreciated at the upper end of the range. Depreciation expense amounted to $35.0 million, $ 35.0 million and $ 41.1 million for 2015, 2014 and 2013, respectively. Expenditures for betterments that substantially extend the useful lives of the assets are capitalized. Expenditures for maintenance, repairs, and betterments that do not substantially prolong the normal useful life of an asset are charged to operations as incurred. Real estate investments include costs of ground-up development and redevelopment activities, and construction in progress. Capitalized costs, including interest and other carrying costs during the construction and/or renovation periods, are included in the cost of the related asset and charged to operations through depreciation over the asset’s estimated useful life. A variety of costs are incurred in the development and leasing of a property, such as pre-construction costs essential to the development of the property, development costs, construction costs, interest costs, real estate taxes, salaries and related costs, and other costs incurred during the period of development. After a determination is made to capitalize a cost, it is allocated to the specific component of a project that is benefited. The Company ceases capitalization on the portions substantially completed and occupied, or held available for occupancy, and capitalizes only those costs associated with the portions under development. The Company considers a construction project to be substantially completed and held available for occupancy upon the completion of tenant improvements, but not later than one year from cessation of major construction activity. The Company allocates the fair value of real estate acquired to land, buildings and improvements. In addition, the fair value of in-place leases is allocated to intangible lease assets and liabilities. The fair value of the tangible assets of an acquired property is determined by valuing the property as if it were vacant, which value is then allocated to land, buildings and improvements based on management’s determination of the fair values of these assets. In valuing an acquired property’s intangibles, factors considered by management include an estimate of carrying costs during the expected lease-up periods, such as real estate taxes, insurance, other operating expenses, and estimates of lost rental revenue during the expected lease-up periods based on its evaluation of current market demand. Management also estimates costs to execute similar leases, including leasing commissions, tenant improvements, legal and other related costs. The values of acquired above-market and below-market leases are recorded based on the present values (using discount rates which reflect the risks associated with the leases acquired) of the differences between the contractual amounts to be received and management’s estimate of market lease rates, measured over the terms of the respective leases that management deemed appropriate at the time of the acquisitions. Such valuations include a consideration of the non-cancellable terms of the respective leases as well as any applicable renewal periods. The fair values associated with below-market rental renewal options are determined based on the Company’s experience and the relevant facts and circumstances that existed at the time of the acquisitions. The values of above-market leases are amortized to rental income over the terms of the respective non-cancelable lease periods. The portion of the values of below-market leases associated with the original non-cancelable lease terms are amortized to rental income over the terms of the respective non-cancelable lease periods. The portion of the values of the leases associated with below-market renewal options that are likely of exercise are amortized to rental income over the respective renewal periods. The value of other intangible assets (including leasing commissions, tenant improvements, etc.) is amortized to expense over the applicable terms of the respective leases. If a lease were to be terminated prior to its stated expiration or not renewed, all unamortized amounts relating to that lease would be recognized in operations at that time. M anagement reviews each real estate investment for impairment whenever events or circumstances indicate that the carrying value of a real estate investment may not be recoverable. The review of recoverability of real estate investments held for use is based on an estimate of the future cash flows that are expected to result from the real estate investment’s use and eventual disposition. These cash flows consider factors such as expected future operating income, trends and prospects, as well as the effects of leasing demand, capital expenditures, competition and other factors. If an impairment event exists due to the projected inability to recover the carrying value of a real estate investment, an impairment loss is recorded to the extent that the carrying value exceeds estimated fair value. Sales of real estate are recognized only when sufficient down payments have been obtained, possession and other attributes of ownership have been transferred to the buyer and the Company has no significant continuing involvement. The Company believes these criteria were met for all real estate sold during 2015, 2014 and 2013.
Properties Held For Sale	Properties Held For Sale The Company follows the guidance for reporting discontinued operations, whereby a disposal of an individual property or group of properties is required to be reported in “discontinued operations” only if the disposal represents a strategic shift that has, or will have, a major effect on the Company’s operations and financial results. The results of operations for those properties not meeting such criteria are reported in “continuing operations” in the consolidated statements of operations. The provisions of the guidance were applied prospectively, i.e., for properties classified as “held for sale” subsequent to December 31, 2013. The results of operations for all properties classified as “held for sale” prior to the adoption of the guidance were reported as “discontinued operations” in the consolidated statements of operations. The carrying values of the assets and liabilities of properties determined to be held for sale, principally the net book values of the real estate and the related mortgage loans payable expected to be assumed by the buyers, are reclassified as “held for sale” on the Company’s consolidated balance sheets at the time such determinations are made, on a prospective basis only. In addition, the Company anticipates that sales of all such properties remaining classified as “held for sale” at the balance sheet date will be concluded within one year from such date. The Company conducts a continuing review of the values for all properties “held for sale” based on final sales prices and sales contracts entered into. Impairment charges/reversals, if applicable, are based on a comparison of the carrying values of the properties with either (1) actual sales prices less costs to sell for properties sold, or contract amounts for properties in the process of being sold, (2) estimated sales prices, less costs to sell, based on discounted cash flow analyses, if no contract amounts were as yet being negotiated (see Note 5 — “Fair Value Measurements”), or (3) with respect to land parcels, estimated sales prices, less costs to sell, based on comparable sales completed in the selected market areas. Prior to the Company’s determination to dispose of properties, which are subsequently reclassified to “held for sale”, the Company performed recoverability analyses based on the estimated undiscounted cash flows that were expected to result from the real estate investments’ use and eventual disposal. The projected undiscounted cash flows of each property reflects that the carrying value of each real estate investment would be recovered. However, as a result of the properties’ meeting the “held for sale” criteria, such properties were written down to the lower of their carrying value and estimated fair values less costs to sell.
Cash And Cash Equivalents / Restricted Cash	Cash and Cash Equivalents / Restricted Cash Cash and cash equivalents consist of cash in banks and short-term investments with original maturities when purchased of less than ninety days, and include cash at consolidated joint ventures of $0. 2 million and $ 0.8 million at December 31, 2015 and 2014, respectively. The terms of several of the Company’s mortgage loans payable require the Company to deposit certain replacement and other reserves with its lenders. Such “restricted cash” is generally available only for property-level requirements for which the reserves have been established.
Fair Value Measurements	Fair Value Measurements The accounting guidance for fair value measurement establishes a fair value hierarchy that prioritizes observable and unobservable inputs used to measure fair value into three levels: · Level 1 – Inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. · Level 2 – Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. · Level 3 – Inputs to the valuation methodology are unobservable and significant to the fair value measurement. The fair value hierarchy gives the highest priority to Level 1 inputs and the lowest priority to Level 3 inputs. In determining fair value, the Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible while also considering counterparty credit risk in the assessment of fair value.
Revenue Recognition And Receivables	Revenue Recognition and Receivables Management has determined that all of the Company’s leases with its various tenants are operating leases. Rental income with scheduled rent increases is recognized using the straight-line method over the respective non-cancelable terms of the leases. The aggregate excess of rental revenue recognized on a straight-line basis over the contractual base rents is included in receivables on the consolidated balance sheet. Leases also generally contain provisions under which the tenants reimburse the Company for a portion of property operating expenses and real estate taxes incurred, generally attributable to their respective allocable portions of gross leasable area. Such income is recognized in the periods earned. In addition, a limited number of operating leases contain contingent rent provisions under which tenants are required to pay, as additional rent, a percentage of their sales in excess of a specified amount. The Company defers recognition of contingent rental income until those specified sales targets are met. Revenues also include items such as lease termination fees, which tend to fluctuate more than rents from year to year. Termination fees are fees that the Company has agreed to accept in consideration for permitting certain tenants to terminate their lease prior to the contractual expiration. The Company recognizes lease termination income when the following conditions are met: (1) the lease termination agreement has been executed, (2) the lease termination fee is determinable, (3) all the Company’s landlord services pursuant to the terminated lease have been rendered, and (4) collectability of the lease termination fee is assured. The Company must make estimates as to the collectability of its accounts receivable related to base rent, straight-line rent, percentage rent, expense reimbursements and other revenues. When management analyzes accounts receivable and evaluates the adequacy of the allowance for doubtful accounts, it considers such things as historical bad debts, tenant creditworthiness, current economic trends, current developments relevant to a tenant’s business specifically and to its business category generally, and changes in tenants’ payment patterns. The allowance for doubtful accounts was $4. 4 million and $ 4.3 million at December 31, 2015 and 2014, respectively. The provision for doubtful accounts (included in operating, maintenance and management expenses) was $1. 4 million, $1.9 million and $1.8 million in 2015, 2014 and 2013, respectively.
Income Taxes	Income Taxes The Company has elected to be taxed as a REIT under the Internal Revenue Code of 1986, as amended (the “Code”). A REIT will generally not be subject to federal income taxation on that portion of its income that qualifies as REIT taxable income, to the extent that it distributes at least 90% of such REIT taxable income to its shareholders and complies with certain other requirements. As of December 31, 2015, the Company was in compliance with all REIT requirements. The Company follows a two-step approach for evaluating uncertain federal, state and local tax positions. Recognition (step one) occurs when an enterprise concludes that a tax position, based solely on its technical merits, is more-likely-than-not to be sustained upon examination. Measurement (step two) determines the amount of benefit that more-likely-than-not will be realized upon settlement. Derecognition of a tax position that was previously recognized would occur when a company subsequently determines that a tax position no longer meets the more-likely-than-not threshold of being sustained. The Company has not identified any uncertain tax positions which would require an accrual.
Derivative Financial Instruments	Derivative Financial Instruments The Company occasionally utilizes derivative financial instruments, principally interest rate swaps, to manage its exposure to fluctuations in interest rates. The Company has established policies and procedures for risk assessment, and the approval, reporting and monitoring of derivative financial instruments. Derivative financial instruments must be effective in reducing the Company’s interest rate risk exposure in order to qualify for hedge accounting. When the terms of an underlying transaction are modified, or when the underlying hedged item ceases to exist, all changes in the fair value of the instrument are marked-to-market with changes in value included in net income for each period until the derivative financial instrument matures or is settled. Any derivative financial instrument used for risk management that does not meet the hedging criteria is marked-to-market with the changes in value included in net income. The Company has not entered into, and does not plan to enter into, derivative financial instruments for trading or speculative purposes.
Share-Based Compensation	Share-Based Compensation The Company’s 2012 Stock Incentive Plan (the “2012 Plan”) establishes the procedures for the granting of, among other things, restricted stock awards. The maximum number of shares of the Company’s common stock that may be issued pursuant to the 2012 Plan is 4.5 million (see Note 15 – “Share-Based Compensation”), and the maximum number of shares that may be granted to a participant in any calendar year may not exceed 500,000 . All grants issued pursuant to the 2012 Plan generally vest (1) at the end of designated time periods for time-based grants, or (2) upon the completion of a designated period of performance for performance-based grants and satisfaction of performance criteria. Time–based grants are valued according to the market price for the Company’s common stock at the date of grant. For performance-based grants, the Company generally engages an independent appraisal company to determine the value of the shares at the date of grant, taking into account the underlying contingency risks associated with the performance criteria. The value of all grants are being expensed on a straight-line basis over their respective vesting periods (irrespective of achievement of the performance-based grants) adjusted, as applicable, for forfeitures. For restricted share grants subject to graded vesting, the amounts expensed are at least equal to the measured expense of each vested tranche. Based on the terms of the 2012 Plan, those grants of restricted shares that are contributed to the Rabbi Trusts are classified as treasury stock on the Company’s consolidated balance sheet.
Supplemental Consolidated Statement Of Cash Flows Information	Supplemental Consolidated Statements of Cash Flows Information Years ended December 31, 2015 2014 2013 Supplemental disclosure of cash activities: Cash paid for interest $ 27,521,000 $ 32,275,000 $ 36,114,000 Supplemental disclosure of non-cash activities: Capitalization of interest and financing costs 409,000 757,000 915,000 Conversions of OP Units into common stock 282,000 371,000 24,000 Issuance of OP Units in connection with a property acquisition - - (1,500,000) Mortgage loans payable assumed upon acquisition (20,462,000) (53,439,000) - Mortgage loans payable assumed by buyer - 15,557,000 - Deed-in-lieu of foreclosure of properties: Real estate transferred - (6,238,000) (4,724,000) Mortgage loans payable and related obligations settled - 7,661,000 13,878,000
Recently-Issued Accounting Pronouncements	Recently-Issued Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued guidance which amends the accounting for revenue recognition. Under the amended guidance, a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. The guidance would be effective for interim and annual reporting periods beginning after December 15, 2017, with early adoption not permitted. The Company is currently in the process of evaluating the impact the adoption of the guidance will have on its consolidated financial statements. In August 2014, the FASB issued guidance which requires management to evaluate whether there are conditions and events that raise substantial doubt about an entity’s ability to continue as a going concern, and to provide disclosures when it is probable that the entity will be unable to meet its obligations as they become due within one year after the date that the financial statements are issued. The guidance is effective for annual periods ending after December 15, 2016, with early adoption being permitted. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements . In February 2015, the FASB issued guidance which amends the current consolidation requirements, including introducing a separate consolidation analysis specific to limited partnerships and other similar entities. Under the analysis, limited partnerships and other similar entities will be considered a variable interest entity unless the limited partners hold substantive kick-out rights or participating rights. The guidance is effective for interim and annual reporting periods beginning after December 15, 2015, with early adoption being permitted. The Company is currently in the process of evaluating the impact the adoption of the guidance will have on its consolidated financial statements. In April 2015, the FASB issued guidance which amends the balance sheet presentation for debt issuance costs. Under the amended guidance, a company will present unamortized debt issuance costs as a direct deduction from the carrying amount of that debt liability. The guidance is to be applied on a retrospective basis, and is effective for annual reporting periods beginning after December 15, 2015, with early adoption being permitted. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements . In September 2015, the FASB issued guidance which requires, if the initial accounting for a business combination is incomplete as of the end of the reporting period in which the acquisition occurs, that the acquirer record provisional amounts based on information available at the acquisition date. The acquirer would then adjust these amounts in the current period, as it obtains more information about facts and circumstances that existed as of the acquisition date. Under the prior guidance, the acquirer must revise comparative information on the income statements and balance sheets for any prior periods affected. The guidance is effective for interim and annual reporting periods beginning after December 15, 2015. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements .

Summary Of Significant Accoun28

Summary Of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2015
Summary Of Significant Accounting Policies [Abstract]
Supplemental Consolidated Statements Of Cash Flows Information	Years ended December 31, 2015 2014 2013 Supplemental disclosure of cash activities: Cash paid for interest $ 27,521,000 $ 32,275,000 $ 36,114,000 Supplemental disclosure of non-cash activities: Capitalization of interest and financing costs 409,000 757,000 915,000 Conversions of OP Units into common stock 282,000 371,000 24,000 Issuance of OP Units in connection with a property acquisition - - (1,500,000) Mortgage loans payable assumed upon acquisition (20,462,000) (53,439,000) - Mortgage loans payable assumed by buyer - 15,557,000 - Deed-in-lieu of foreclosure of properties: Real estate transferred - (6,238,000) (4,724,000) Mortgage loans payable and related obligations settled - 7,661,000 13,878,000

Real Estate (Tables)

Real Estate (Tables)	12 Months Ended
	Dec. 31, 2015
Real Estate [Abstract]
Real Estate And Accumulated Depreciation	Years ended December 31, 2015 2014 Cost Balance, beginning of year $ 1,476,173,000 $ 1,450,951,000 Properties held for sale (4,599,000) (81,223,000) Properties acquired 65,313,000 91,241,000 Impairments - (6,000) Improvements and betterments 13,140,000 15,210,000 Balance, end of the year $ 1,550,027,000 $ 1,476,173,000 Accumulated depreciation Balance, beginning of the year $ 267,211,000 $ 251,605,000 Properties held for sale (1,380,000) (18,523,000) Depreciation expense 35,001,000 34,129,000 Balance, end of the year $ 300,832,000 $ 267,211,000 Net book value $ 1,249,195,000 $ 1,208,962,000
Schedule Of Transactions Related To Properties Held For Sale/Conveyance	Date Sales Gain on Property Location Sold Price Sale 2015 Kenley Village Hagerstown, MD 5/28/2015 $ 2,275,000 $ - Circle Plaza Shamoking Dam, PA 7/22/2015 1,800,000 - $ 4,075,000 $ - 2014 Fairview Plaza New Cumberland, PA 5/27/2014 $ 12,450,000 $3,810,000 Carbondale Plaza Carbondale, PA 7/18/2014 10,700,000 123,000 Virginia Little Creek Norfolk, VA 8/22/2014 9,850,000 2,209,000 Annie Land Plaza Lovingston, VA 9/26/2014 3,500,000 - Smithfield Plaza Smithfield, VA 10/21/2014 12,350,000 - St. James Square Hagerstown, MA 11/5/2014 4,125,000 271,000 $ 52,975,000 $6,413,000
Schedule Of Land Parcels Sold	Date Sales Gain on Property Location Sold Price Sale 2014 Blue Mountain Commons land parcel Harrisburg, PA 10/22/2014 $ 350,000 $ - 2013 Huntingdon Plaza land parcel Huntingdon, PA 3/29/2013 $ 390,000 $ 266,000 Upland Square land parcel Pottstown, PA 11/8/2013 1,700,000 215,000 Oregon Pike land parcel Lancaster, PA 12/23/2013 1,451,000 - $ 3,541,000 $ 481,000

Discontinued Operations (Tables

Discontinued Operations (Tables)	12 Months Ended
	Dec. 31, 2015
Discontinued Operations [Abstract]
Schedule Of The Components Of Income From Discontinued Operations	Years ended December 31, 2015 2014 2013 REVENUES Rents $ 38,000 $ 2,698,000 $ 9,963,000 Expense recoveries and other 1,000 918,000 2,754,000 Total revenues 39,000 3,616,000 12,717,000 EXPENSES Operating, maintenance and management 20,000 783,000 3,655,000 Real estate and other property-related taxes 7,000 555,000 2,632,000 Depreciation and amortization - - 1,258,000 Interest - 631,000 2,455,000 Early extinguishment of debt costs - 437,000 Total expenses 27,000 1,969,000 10,437,000 Income from operations 12,000 1,647,000 2,280,000 Impairment reversals / (charges) 153,000 47,000 (3,049,000) Gain on extinguishment of debt obligations - 1,423,000 10,452,000 Gain on sales - 7,963,000 - Total income from discontinued operations $ 165,000 $ 11,080,000 $ 9,683,000
Schedule Of Properties Sold, Classified As Discontinued Operations, 2014 Transactions	Date Sales Gain on Property Location Sold Price Sale Harbor Square (f/k/a Shore Mall) Egg Harbor, NJ 2/25/2014 $ 25,000,000 $ - McCormick Place Olmstead, OH 5/6/2014 2,679,000 (a) - Gahanna Discount Drug Mart Plaza Columbus, OH 5/27/2014 4,982,000 (a) - Townfair Center Indiana, PA 5/29/2014 22,600,000 1,472,000 Lake Raystown Plaza Huntingdon, PA 6/25/2014 19,500,000 6,491,000 $ 74,761,000 $7,963,000 (a) Lender accepted a deed-in-lieu of foreclosure on the property. Sales price represents mortgage loan payable, accrued interest and other expenses forgiven upon title transfer.
Schedule Of Properties Sold, Classified As Discontinued Operations, 2013 Transactions	Date Sales Gain on Property Location Sold Price Sale East Chestnut Lancaster, PA 1/2/2013 $ 3,100,000 $ - Columbia Mall Bloomsburg, PA 4/17/2013 2,775,000 - Heritage Crossing Limerick, PA 5/9/2013 9,400,000 - Westlake Discount Drug Mart Plaza Westlake, OH 6/5/2013 2,240,000 - Dunmore Shopping Center Dunmore, PA 11/8/2013 4,000,000 - Roosevelt II Philadelphia, PA 11/14/2013 13,878,000 (a) - Oakhurst Plaza Harrisburg, PA 12/11/2013 11,000,000 - $ 46,393,000 $ - (a) Lender accepted a deed-in-lieu of foreclosure on the property. Sales price represents mortgage loan payable, accrued interest and other expenses forgiven upon title transfer.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2015
Fair Value Measurements [Abstract]
Schedule Of Assets And Liabilities Measured At A Fair Value On Recurring Basis	December 31, 2015 Description Level 1 Level 2 Level 3 Total Investments related to deferred compensation liabilities (a) $ 539,000 $ - $ - $ 539,000 Share-based compensation liabilities (b) $ 529,000 $ - $ - $ 529,000 Interest rate swaps liability (b) $ - $ 3,945,000 $ - $ 3,945,000 December 31, 2014 Description Level 1 Level 2 Level 3 Total Investments related to deferred compensation liabilities (a) $ 492,000 $ - $ - $ 492,000 Share-based compensation liabilities (b) $ 487,000 $ - $ - $ 487,000 Interest rate swaps liability (b) $ - $ 2,777,000 $ - $ 2,777,000 (a) Included in other assets and deferred charges, net in the accompanying consolidated balance sheets. (b) Included in accounts payable and accrued liabilities in the accompanying consolidated balance sheets.
Schedule Of Assets Measured At A Fair Value On Non-recurring Basis	December 31, 2015 Description Level 1 Level 2 Level 3 Total Real estate held for sale $ - $ 14,402,000 $ - $ 14,402,000 December 31, 2014 Description Level 1 Level 2 Level 3 Total Real estate held for sale $ - $ 3,424,000 $ 13,084,000 $ 16,508,000
Quantitative Information Regarding Level 3 Assets Measured At Fair Value On Non-recurring Basis	December 31, 2014 Valuation Unobservable Description Fair value Technique inputs Rate Retail property $ 13,084,000 Discounted cash flow Capitalization rate 8.3% Discount rate 9.6%

Receivables (Tables)

Receivables (Tables)	12 Months Ended
	Dec. 31, 2015
Receivables [Abstract]
Components Of Receivables	December 31, 2015 2014 Rents and other receivables, net $ 2,439,000 $ 3,479,000 Straight-line rents 15,473,000 14,926,000 $ 17,912,000 $ 18,405,000

Other Assets And Deferred Cha33

Other Assets And Deferred Charges, Net (Tables)	12 Months Ended
	Dec. 31, 2015
Other Assets And Deferred Charges, Net [Abstract]
Components Of Other Assets And Deferred Charges, Net	December 31, 2015 2014 Lease origination costs (a) $ 18,394,000 $ 18,180,000 Financing costs 5,490,000 4,256,000 Prepaid expenses 6,104,000 6,689,000 Leasehold improvements, furniture and fixtures 532,000 761,000 Investments related to share-based compensation 539,000 492,000 Other 1,339,000 1,168,000 Total other assets and deferred charges, net $ 32,398,000 $ 31,546,000 (a) Lease origination costs include the unamortized balance of intangible lease assets resulting from purchase accounting allocations of $8.0 million (cost of $21.3 million and accumulated amortization of $13.3 million) and $8.4 million (cost of $20.7 million and accumulated amortization of $12.3 million) for the years ended December 31, 2015 and 2014, respectively.
Schedule Of Future Charges Of Unamortized Balances Of Deferred Lease Origination Costs And Deferred Financing Costs	Lease origination Financing costs costs 2016 $ 3,081,000 $ 1,555,000 2017 2,513,000 1,422,000 2018 2,146,000 1,401,000 2019 1,834,000 580,000 2020 1,342,000 292,000 Thereafter 7,478,000 240,000 $ 18,394,000 $ 5,490,000

Mortgage Loans Payable And Un34

Mortgage Loans Payable And Unsecured Credit Facilities (Tables)	12 Months Ended
	Dec. 31, 2015
Mortgage Loans Payable And Unsecured Credit Facilities [Abstract]
Schedule Of Debt Related To Continuing Operations	December 31, 2015 December 31, 2014 Interest rates Interest rates Balance Weighted Balance Weighted Description outstanding average Range outstanding average Range Fixed-rate mortgages $ 299,022,000 5.0% 3.1% - 7.5% $ 393,388,000 5.4% 3.1% - 7.5% Unsecured credit facilities: Variable-rate: Revolving credit facility 78,000,000 1.7% 72,000,000 1.9% Term loan 50,000,000 1.7% 50,000,000 1.9% Fixed-rate: Term loan 75,000,000 2.9% 75,000,000 3.2% Term loan 50,000,000 2.8% - - Term loan 75,000,000 4.0% 75,000,000 4.1% Term loan 50,000,000 3.3% - - $ 677,022,000 3.7% $ 665,388,000 4.3%
Schedule Of Mortgage Loan Activity	Years ended December 31, 2015 2014 Balance, beginning of year $ 393,388,000 $ 516,292,000 Mortgages on properties held for sale - (15,249,000) Mortgage loan assumptions 20,462,000 53,439,000 Repayments (114,828,000) (161,094,000) Balance, end of the year $ 299,022,000 $ 393,388,000
Schedule Of Mortgage Loans Payable Repaid	Principal Payoff Property Repayment Date Amount 2015 New London Mall February 1, 2015 $ 27,365,000 Oak Ridge Shopping Center March 11, 2015 $ 3,155,000 Pine Grove Plaza June 1, 2015 $ 5,139,000 Quartermaster Plaza July 1, 2015 $ 41,327,000 Groton Shopping Center July 1, 2015 $ 10,953,000 Jordan Lane August 2, 2015 $ 11,682,000 Southington Center August 2, 2015 $ 5,129,000 Oakland Mills September 1, 2015 $ 4,385,000 2014 Virginia Little Creek February 3, 2014 $ 295,000 Upland Square February 11, 2014 $ 57,839,000 Kings Plaza April 1, 2014 $ 7,188,000 Coliseum Marketplace April 1, 2014 $ 11,045,000 Liberty Marketplace April 1, 2014 $ 8,171,000 Trexler Mall May 11, 2014 $ 19,479,000 Yorktowne Plaza June 2, 2014 $ 18,726,000 Quartermaster Plaza June 5, 2014 $ 11,217,000 Fieldstone Marketplace July 11, 2014 $ 16,878,000 Mechanicsburg Center August 1, 2014 $ 8,215,000 Smithfield Plaza October 21, 2014 $ 6,616,000 Elmhurst Square December 11, 2014 $ 3,638,000
Schedule Of Principal Payments On Mortgage Loans Payable And Credit Facility	2016 $ 129,284,000 2017 63,560,000 2018 20,821,000 2019 155,725,000 (a) 2020 111,545,000 Thereafter 196,087,000 $ 677,022,000 (a) Includes $78.0 million applicable to the unsecured revolving credit facility, subject to a one -year extension option.
Summary Of The Derivative Financial Instruments Held	December 31, 2015 Designation/ Notional Fair Maturity Balance sheet Cash flow Derivative Count value value dates location Qualifying Interest rate swaps 4 $ 250,000,000 $ 3,945,000 2019 - 2022 Accounts payable and accrued liabilities December 31, 2014 Designation/ Notional Fair Maturity Balance sheet Cash flow Derivative Count value value dates location Qualifying Interest rate swaps 2 $ 150,000,000 $ 2,777,000 2019 and 2021 Accounts payable and accrued liabilities
Effect Of The Derivative Financial Instruments On The Consolidated Statements Of Operations And Consolidated Statements Of Equity	(Loss) gain recognized in other comprehensive income (effective portion) Designation/ Years ended December 31, Cash flow Derivative 2015 2014 2013 Qualifying Interest rate swaps $ (4,539,000) $ (3,650,000) $ 202,000 (Gain) loss recognized in other comprehensive income reclassified into earnings (effective portion) Years ended December 31, Classification 2015 2014 2013 Continuing Operations $ 3,621,000 $ 1,663,000 $ 749,000 Discontinued Operations $ - $ 129,000 $ 309,000

Intangible Lease Asset_Liabil35

Intangible Lease Asset/Liability (Tables)	12 Months Ended
	Dec. 31, 2015
Intangible Lease Asset/Liability [Abstract]
Schedule Of Unamortized Balance Of Intangible Lease Liabilities Net	2016 $ 2,921,000 2017 2,667,000 2018 2,538,000 2019 2,254,000 2020 1,703,000 Thereafter 11,104,000 $ 23,187,000

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2015
Shareholders' Equity [Abstract]
Schedule Of Dividends	Years ended December 31, 2015 2014 2013 Common stock $ 0.200 $ 0.200 $ 0.200 7.250% Series B Preferred Stock $ 1.812 $ 1.812 $ 1.812

Revenues (Tables)

Revenues (Tables)	12 Months Ended
	Dec. 31, 2015
Revenues [Abstract]
Schedule Of Rent Revenues	Years ended December 31, 2015 2014 2013 Base rents $ 112,319,000 $ 110,739,000 $ 103,721,000 Percentage rent 789,000 683,000 804,000 Straight-line rents 506,000 761,000 1,387,000 Amortization of intangible lease liabilities, net 3,125,000 4,322,000 4,441,000 Total rents $ 116,739,000 $ 116,505,000 $ 110,353,000
Schedule Of Annual Future Base Rents Due To Be Received	2016 $ 108,891,000 2017 99,195,000 2018 89,025,000 2019 74,704,000 2020 57,484,000 Thereafter 250,979,000 $ 680,278,000

Share-Based Compensation (Table

Share-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2015
Share-Based Compensation [Abstract]
Schedule Of Share-Based Compensation Information	Years ended December 31, 2015 2014 2013 Expense relating to share grants $ 3,261,000 $ 3,761,000 $ 4,108,000 Amounts capitalized (93,000) (230,000) (407,000) Total charged to operations $ 3,168,000 $ 3,531,000 $ 3,701,000 Weighted average Shares grant date value Unvested shares, December 31, 2014 3,666,000 $ 4.89 Restricted share grants 180,000 7.43 Vested during period (399,000) 4.98 Forfeitures/cancellations (18,000) 5.14 Unvested shares, December 31, 2015 3,429,000 $ 5.03

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
Schedule Of Calculation Of Numerator And Denominator In Earnings Per Share	Years ended December 31, 2015 2014 2013 Numerator Income from continuing operations $ 21,616,000 $ 17,611,000 $ 4,519,000 Preferred stock dividends (14,408,000) (14,408,000) (14,413,000) Preferred stock redemption costs - - (1,166,000) Net loss attributable to noncontrolling interests 366,000 358,000 247,000 Net earnings allocated to unvested shares (701,000) (734,000) (758,000) Income (loss) from continuing operations attributable to vested common shares 6,873,000 2,827,000 (11,571,000) Income from discontinued operations, net of noncontrolling interests, attributable to vested common shares 164,000 11,012,000 9,682,000 Net income (loss) attributable to vested common shares outstanding $ 7,037,000 $ 13,839,000 $ (1,889,000) Denominator Weighted average number of vested common shares outstanding 81,356,000 75,311,000 68,381,000 Earnings per vested common share, basic and diluted Continuing operations $ 0.09 $ 0.04 $ (0.17) Discontinued operations $ 0.00 $ 0.14 $ 0.14 $ 0.09 $ 0.18 $ (0.03)

Selected Quarterly Financial 40

Selected Quarterly Financial Data (Tables)	12 Months Ended
	Dec. 31, 2015
Selected Quarterly Financial Data [Abstract]
Schedule Of Selected Quarterly Financial Data	Quarter ended March 31 June 30 September 30 December 31 2015 Revenues $ 38,635,000 $ 36,742,000 $ 36,100,000 $ 37,730,000 Net income $ 3,399,000 $ 5,416,000 $ 6,126,000 $ 6,840,000 Net (loss) income attributable to common shareholders $ (123,000) $ 1,915,000 $ 2,590,000 $ 3,356,000 Per common share (basic and diluted) (a) $ (0.00) $ 0.02 $ 0.03 $ 0.04 2014 Revenues $ 37,712,000 $ 37,308,000 $ 36,499,000 $ 36,665,000 Net income $ 1,710,000 $ 16,992,000 $ 5,709,000 $ 4,280,000 Net (loss) income attributable to common shareholders $ (1,815,000) $ 13,458,000 $ 2,183,000 $ 747,000 Per common share (basic and diluted) (a) $ (0.03) $ 0.17 $ 0.03 $ 0.01 (a) Differences between the sum of the four quarterly per share amounts and the annual per share amounts are attributable to the effect of the weighted average outstanding share calculations for the respective periods.

Business And Organization (Deta

Business And Organization (Details)	12 Months Ended
	Dec. 31, 2015propertyshares
Business And Organization [Abstract]
Number of properties | property	60
Company's interest in Operating Partnership	99.60%
Limited partners' interest in Operating Partnership	0.40%
OP units outstanding | shares	352,000

Summary Of Significant Accoun42

Summary Of Significant Accounting Policies (Narrative) (Details) - USD ($)	Jan. 23, 2015	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Summary Of Significant Accounting Policies [Line Items]
Purchase price of acquired property		$ 42,991,000	$ 38,861,000	$ 32,818,000
Depreciation expense		35,000,000	35,000,000	41,100,000
Cash at consolidated joint ventures		200,000	800,000
Allowance for doubtful accounts receivable		4,400,000	4,300,000
Provision for doubtful accounts included in operating, maintenance and management expenses		$ 1,400,000	$ 1,900,000	$ 1,800,000
2012 Stock Incentive Plan [Member]
Summary Of Significant Accounting Policies [Line Items]
Maximum number of shares may be issued under the plan		4,500,000
Maximum number of shares to be granted per year to a participant		500,000
Variable Interest Entity, Primary Beneficiary [Member] | Other Ownership Interest [Member]
Summary Of Significant Accounting Policies [Line Items]
Ownership percentage		60.00%
VIE real estate owned carrying value		$ 39,900,000
VIE mortgage payable		$ 0
Minimum [Member]
Summary Of Significant Accounting Policies [Line Items]
Real estate investments useful life		3 years
Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
Real estate investments useful life		40 years
New London Mall [Member]
Summary Of Significant Accounting Policies [Line Items]
Percentage of joint venture ownership	100.00%
Acquired ownership percentage in joint venture	60.00%
Amount of purchase price paid in cash	$ 10,900,000
Amount of purchase price representing 60% share of in-place mortgage financing	$ 16,400,000
Percentage of share of in-place mortgage financing	60.00%
Investments in and advances to unconsolidated joint ventures	$ 27,300,000
New London Mall [Member] | New London Joint Venture [Member]
Summary Of Significant Accounting Policies [Line Items]
Acquired ownership percentage in joint venture	60.00%
San Souci Plaza [Member] | General Partner [Member]
Summary Of Significant Accounting Policies [Line Items]
Ownership percentage		40.00%

Summary Of Significant Accoun43

Summary Of Significant Accounting Policies (Supplemental Consolidated Statements Of Cash Flows Information) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Supplemental disclosure of cash activities:
Cash paid for interest	$ 27,521,000	$ 32,275,000	$ 36,114,000
Supplemental disclosure of non-cash activities:
Capitalization of interest and financing costs	409,000	757,000	915,000
Conversions of OP Units into common stock	282,000	371,000	24,000
Issuance of OP Units in connection with a property acquisition			(1,500,000)
Mortgage loans payable assumed upon acquisition	$ (20,462,000)	(53,439,000)
Mortgage loans payable assumed by buyer		15,557,000
Deed-in-lieu of foreclosure of properties:
Real estate transferred		(6,238,000)	(4,724,000)
Mortgage loan payable and related obligations settled		$ 7,661,000	$ 13,878,000

Real Estate (Narrative) (Detail

Real Estate (Narrative) (Details) - USD ($)	Feb. 11, 2016	Dec. 23, 2015	Feb. 27, 2015	Jan. 23, 2015	Mar. 21, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Real Estate Properties [Line Items]
Purchase price of acquired property						$ 42,991,000	$ 38,861,000	$ 32,818,000
Acquisition costs						1,238,000	2,870,000	182,000
Sales price of real estate sold						4,075,000	52,975,000
Impairment charges/(reversal), net						212,000	(3,148,000)	172,000
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member]
Real Estate Properties [Line Items]
Sales price of real estate sold								3,541,000
Impairment charges/(reversal), net						$ (200,000)	(3,400,000)
New London Mall [Member]
Real Estate Properties [Line Items]
Acquired ownership percentage in joint venture				60.00%
Percentage of joint venture ownership				100.00%
Payments to acquire interest in joint ventures				$ 27,300,000
Amount of purchase price paid in cash				10,900,000
Amount of purchase price representing 60% share of in-place mortgage financing				$ 16,400,000
Percentage of share of in-place mortgage financing				60.00%
Lawndale Plaza [Member]
Real Estate Properties [Line Items]
Purchase price of acquired property			$ 25,200,000
Acquisition costs			$ 500,000
East River Park [Member]
Real Estate Properties [Line Items]
Purchase price of acquired property		$ 39,000,000
Acquisition costs		$ 700,000
Mortgage interest rate		3.90%
Mortgage maturity date		Sep. 1, 2022
East River Park [Member] | Parent Company [Member]
Real Estate Properties [Line Items]
Purchase price of acquired property		$ 20,500,000
Quartermaster Plaza [Member]
Real Estate Properties [Line Items]
Mortgage amount					$ 53,400,000
Purchase price of acquired property					92,300,000
Quartermaster Plaza [Member] | Mortgage Loan Payable Maturing October 2015 [Member]
Real Estate Properties [Line Items]
Mortgage amount					$ 42,100,000
Mortgage interest rate					5.30%
Mortgage maturity date						Oct. 1, 2015
Quartermaster Plaza [Member] | Mortgage Loan Payable Maturing October 2014 [Member]
Real Estate Properties [Line Items]
Mortgage amount					$ 11,300,000
Mortgage interest rate					5.50%
Mortgage maturity date						Oct. 1, 2014
Land Parcels [Member] | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member]
Real Estate Properties [Line Items]
Impairment charges/(reversal), net							$ (300,000)	$ 900,000
Liberty Marketplace [Member] | Subsequent Event [Member]
Real Estate Properties [Line Items]
Sales price of real estate sold	$ 15,000,000

Real Estate (Real Estate And Ac

Real Estate (Real Estate And Accumulated Depreciation) (Details) - USD ($)		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cost
Balance, beginning of year		$ 1,476,173,000	$ 1,450,951,000
Properties held for sale		(4,599,000)	(81,223,000)
Properties acquired		65,313,000	91,241,000	$ 34,666,000
Impairments			(6,000)	(928,000)
Improvements and betterments		13,140,000	15,210,000	13,581,000
Balance, end of year		1,550,027,000	1,476,173,000	1,450,951,000
Accumulated depreciation
Balance, beginning of the year		267,211,000	251,605,000
Properties held for sale		(1,380,000)	(18,523,000)
Depreciation expense	[1]	35,001,000	34,129,000	41,066,000
Balance, end of the year		300,832,000	267,211,000	251,605,000
Net book value		$ 1,249,195,000	$ 1,208,962,000	$ 1,199,346,000
[1]	Depreciation is provided over the estimated useful lives of the buildings and improvements, which range from 3 to 40 years.

Real Estate (Schedule Of Transa

Real Estate (Schedule Of Transactions Related To Properties Held For Sale/Conveyance) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Real Estate Properties [Line Items]
Sales Price	$ 4,075,000	$ 52,975,000
Gain on Sales		$ 6,413,000	$ 609,000
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member]
Real Estate Properties [Line Items]
Sales Price			3,541,000
Gain on Sales			$ 481,000
Kenley Village [Member] | Disposal Group, Held-for-sale, Not Discontinued Operations [Member]
Real Estate Properties [Line Items]
Date Sold	May 28, 2015
Sales Price	$ 2,275,000
Circle Plaza [Member] | Disposal Group, Held-for-sale, Not Discontinued Operations [Member]
Real Estate Properties [Line Items]
Date Sold	Jul. 22, 2015
Sales Price	$ 1,800,000
Fairview Plaza [Member] | Disposal Group, Held-for-sale, Not Discontinued Operations [Member]
Real Estate Properties [Line Items]
Date Sold		May 27, 2014
Sales Price		$ 12,450,000
Gain on Sales		$ 3,810,000
Carbondale Plaza [Member] | Disposal Group, Held-for-sale, Not Discontinued Operations [Member]
Real Estate Properties [Line Items]
Date Sold		Jul. 18, 2014
Sales Price		$ 10,700,000
Gain on Sales		$ 123,000
Virginia Little Creek [Member] | Disposal Group, Held-for-sale, Not Discontinued Operations [Member]
Real Estate Properties [Line Items]
Date Sold		Aug. 22, 2014
Sales Price		$ 9,850,000
Gain on Sales		$ 2,209,000
Annie Land Plaza [Member] | Disposal Group, Held-for-sale, Not Discontinued Operations [Member]
Real Estate Properties [Line Items]
Date Sold		Sep. 26, 2014
Sales Price		$ 3,500,000
Smithfield Plaza [Member] | Disposal Group, Held-for-sale, Not Discontinued Operations [Member]
Real Estate Properties [Line Items]
Date Sold		Oct. 21, 2014
Sales Price		$ 12,350,000
St. James Square [Member] | Disposal Group, Held-for-sale, Not Discontinued Operations [Member]
Real Estate Properties [Line Items]
Date Sold		Nov. 5, 2014
Sales Price		$ 4,125,000
Gain on Sales		$ 271,000

Real Estate (Schedule Of Land P

Real Estate (Schedule Of Land Parcels Sold) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Real Estate Properties [Line Items]
Sales Price	$ 4,075,000	$ 52,975,000
Gain on Sales		$ 6,413,000	$ 609,000
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member]
Real Estate Properties [Line Items]
Sales Price			3,541,000
Gain on Sales			$ 481,000
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | Blue Mountain Commons Land Parcel [Member]
Real Estate Properties [Line Items]
Date Sold		Oct. 22, 2014
Sales Price		$ 350,000
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | Huntingdon Plaza Land Parcel [Member]
Real Estate Properties [Line Items]
Date Sold			Mar. 29, 2013
Sales Price			$ 390,000
Gain on Sales			$ 266,000
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | Upland Square Land Parcel [Member]
Real Estate Properties [Line Items]
Date Sold			Nov. 8, 2013
Sales Price			$ 1,700,000
Gain on Sales			$ 215,000
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | Oregon Pike Land Parcel [Member]
Real Estate Properties [Line Items]
Date Sold			Dec. 23, 2013
Sales Price			$ 1,451,000

Discontinued Operations (Narrat

Discontinued Operations (Narrative) (Details) - USD ($)

Feb. 02, 2015

Jun. 05, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2013

Dec. 31, 2015

Dec. 31, 2014

Dec. 31, 2013

May. 27, 2014

May. 06, 2014

Nov. 14, 2013

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Sales Price

$ 4,075,000

$ 52,975,000

Gain on extinguishment of debt obligations

1,423,000

$ 10,452,000

Net proceeds from sales of real estate

5,891,000

102,124,000

34,713,000

Mortgage repayments

$ 114,828,000

177,094,000

77,069,000

McCormick Place [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Mortgage loans payable and accrued interest for properties under conveyance process

$ 2,700,000

Carrying value of property held for sale

$ 1,800,000

Gahanna Discount Drug Mart Plaza [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Mortgage loans payable and accrued interest for properties under conveyance process

$ 5,000,000

Carrying value of property held for sale

$ 4,300,000

Westlake Discount Drug Mart Plaza [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Mortgage loans payable and accrued interest for properties under conveyance process

$ 3,400,000

Gain on extinguishment of debt obligations

$ 1,300,000

Net proceeds from sales of real estate

2,100,000

Mortgage repayments

$ 2,100,000

Roosevelt II [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Mortgage loans payable and accrued interest for properties under conveyance process

$ 13,900,000

Carrying value of property held for sale

$ 4,700,000

Gain on extinguishment of debt obligations

$ 9,200,000

Discontinued Operations [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Sales Price

74,761,000

46,393,000

Discontinued Operations [Member] | Huntingdon Plaza [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Sales Price

$ 2,200,000

Discontinued Operations [Member] | McCormick Place [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Sales Price

[1]

2,679,000

Gain on extinguishment of debt obligations

$ 800,000

Discontinued Operations [Member] | Gahanna Discount Drug Mart Plaza [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Sales Price

[1]

$ 4,982,000

Gain on extinguishment of debt obligations

$ 600,000

Discontinued Operations [Member] | Westlake Discount Drug Mart Plaza [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Sales Price

2,240,000

Discontinued Operations [Member] | Roosevelt II [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Sales Price

[1]

$ 13,878,000

[1]

Lender accepted a deed-in-lieu of foreclosure on the property. Sales price represents mortgage loan payable, accrued interest and other expenses forgiven upon title transfer.

Discontinued Operations (Schedu

Discontinued Operations (Schedule Of The Components Of Income From Discontinued Operations) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
REVENUES
Rents	$ 38,000	$ 2,698,000	$ 9,963,000
Expense recoveries and other	1,000	918,000	2,754,000
Total revenues	39,000	3,616,000	12,717,000
EXPENSES
Operating, maintenance and management	20,000	783,000	3,655,000
Real estate and other property-related taxes	7,000	555,000	2,632,000
Depreciation and amortization			1,258,000
Interest		631,000	2,455,000
Early extinguishment of debt costs			437,000
Total expenses	27,000	1,969,000	10,437,000
Income from operations	12,000	1,647,000	2,280,000
Impairment reversals / (charges)	153,000	47,000	(3,049,000)
Gain on extinguishment of debt obligations		1,423,000	10,452,000
Gain on sales		7,963,000
Total income from discontinued operations	$ 165,000	$ 11,080,000	$ 9,683,000

Discontinued Operations (Sche50

Discontinued Operations (Schedule Of Properties Sold, Classified As Discontinued Operations) (Details) - USD ($)		Feb. 02, 2015	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sales Price			$ 4,075,000	$ 52,975,000
Gain on sales				7,963,000
Discontinued Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sales Price				74,761,000	$ 46,393,000
Gain on sales				$ 7,963,000
Discontinued Operations [Member] | East Chestnut [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Date Sold					Jan. 2, 2013
Sales Price					$ 3,100,000
Discontinued Operations [Member] | Columbia Mall [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Date Sold					Apr. 17, 2013
Sales Price					$ 2,775,000
Discontinued Operations [Member] | Heritage Crossings [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Date Sold					May 9, 2013
Sales Price					$ 9,400,000
Discontinued Operations [Member] | Westlake Discount Drug Mart Plaza [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Date Sold					Jun. 5, 2013
Sales Price					$ 2,240,000
Discontinued Operations [Member] | Dunmore Shopping Center [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Date Sold					Nov. 8, 2013
Sales Price					$ 4,000,000
Discontinued Operations [Member] | Roosevelt II [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Date Sold					Nov. 14, 2013
Sales Price	[1]				$ 13,878,000
Discontinued Operations [Member] | Oakhurst Plaza [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Date Sold					Dec. 11, 2013
Sales Price					$ 11,000,000
Discontinued Operations [Member] | Huntingdon Plaza [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sales Price		$ 2,200,000
Discontinued Operations [Member] | Harbor Square (f/k/a Shore Mall) [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Date Sold				Feb. 25, 2014
Sales Price				$ 25,000,000
Discontinued Operations [Member] | McCormick Place [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Date Sold				May 6, 2014
Sales Price	[1]			$ 2,679,000
Discontinued Operations [Member] | Gahanna Discount Drug Mart Plaza [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Date Sold				May 27, 2014
Sales Price	[1]			$ 4,982,000
Discontinued Operations [Member] | Townfair Center [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Date Sold				May 29, 2014
Sales Price				$ 22,600,000
Gain on sales				$ 1,472,000
Discontinued Operations [Member] | Lake Raystown Plaza [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Date Sold				Jun. 25, 2014
Sales Price				$ 19,500,000
Gain on sales				$ 6,491,000
[1]	Lender accepted a deed-in-lieu of foreclosure on the property. Sales price represents mortgage loan payable, accrued interest and other expenses forgiven upon title transfer.

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Fair Value Measurements [Abstract]
Fair value of fixed rate mortgage loans payable	$ 308.1	$ 410.8
Carrying value of fixed rate mortgage payable	$ 299	$ 393.4

Fair Value Measurements (Schedu

Fair Value Measurements (Schedule Of Assets And Liabilities Measured At A Fair Value On Recurring Basis) (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments related to deferred compensation liabilities	$ 539,000	$ 492,000
Recurring Basis [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments related to deferred compensation liabilities	539,000	492,000
Share-based compensation liabilities	529,000	487,000
Interest rate swaps liability	3,945,000	2,777,000
Fair Value, Inputs, Level 1 [Member] | Recurring Basis [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments related to deferred compensation liabilities	539,000	492,000
Share-based compensation liabilities	529,000	487,000
Fair Value, Inputs, Level 2 [Member] | Recurring Basis [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swaps liability	$ 3,945,000	$ 2,777,000
Fair Value, Inputs, Level 3 [Member] | Recurring Basis [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments related to deferred compensation liabilities
Share-based compensation liabilities
Interest rate swaps liability

Fair Value Measurements (Sche53

Fair Value Measurements (Schedule Of Assets Measured At A Fair Value On Non-recurring Basis) (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real estate held for sale	$ 14,402,000	$ 16,508,000
Nonrecurring Basis [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real estate held for sale	$ 14,402,000	$ 16,508,000
Fair Value, Inputs, Level 1 [Member] | Nonrecurring Basis [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real estate held for sale
Fair Value, Inputs, Level 2 [Member] | Nonrecurring Basis [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real estate held for sale	$ 14,402,000	$ 3,424,000
Fair Value, Inputs, Level 3 [Member] | Nonrecurring Basis [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real estate held for sale		$ 13,084,000

Fair Value Measurements (Quanti

Fair Value Measurements (Quantitative Information Regarding Level 3 Assets Measured At Fair Value On Non-recurring Basis) (Details) - Operating retail real estate [Member] - Nonrecurring Basis [Member] - Fair Value, Inputs, Level 3 [Member] - Discounted Cash Flow Valuation Technique [Member]	12 Months Ended
	Dec. 31, 2014USD ($)
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Real estate held for sale/conveyance	$ 13,084,000
Capitalization rates	8.30%
Discount rates	9.60%

Concentration Of Credit Risk (D

Concentration Of Credit Risk (Details) - property	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Concentration Risk [Line Items]
Number of properties	60
Pennsylvania [Member]
Concentration Risk [Line Items]
Number of properties	27
Revenues [Member] | Ahold N.V. [Member]
Concentration Risk [Line Items]
Percentage of concentration risk	12.00%	14.00%	15.00%

Receivables (Details)

Receivables (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Mar. 28, 2013	Dec. 31, 2012
Receivables [Line Items]
Rents and other receivables, net		$ 2,439,000	$ 3,479,000
Straight-line rents		15,473,000	14,926,000
Receivables		17,912,000	18,405,000
Loan to developers						$ 4,100,000
Sale price of property sold					$ 1,100,000
Amount accepted in full satisfaction of loan					$ 1,100,000
Impairment reversals / (charges)		$ 212,000	$ (3,148,000)	$ 172,000
Continuing Operations [Member]
Receivables [Line Items]
Impairment reversals / (charges)	$ (1,100,000)

Other Assets And Deferred Cha57

Other Assets And Deferred Charges, Net (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Other Assets And Deferred Charges, Net [Abstract]
Amortization expense of deferred charges	$ 5.2	$ 5.6	$ 5.2
Accumulated amortization of deferred lease origination costs	25.6
Accumulated amortization of deferred financing costs	$ 6.9

Other Assets And Deferred Cha58

Other Assets And Deferred Charges, Net (Components Of Other Assets And Deferred Charges, Net) (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Deferred Costs And Other Assets [Line Items]
Lease origination costs	$ 18,394,000	$ 18,180,000
Financing costs	5,490,000	4,256,000
Prepaid expenses	6,104,000	6,689,000
Leasehold improvements, furniture and fixtures	532,000	761,000
Investments related to share-based compensation	539,000	492,000
Other	1,339,000	1,168,000
Total other assets and deferred charges, net	32,398,000	31,546,000
Accumulated amortization of intangible lease assets	25,600,000
Intangible Lease Assets [Member]
Deferred Costs And Other Assets [Line Items]
Deferred charges, net	8,000,000	8,400,000
Cost of intangible lease assets	21,300,000	20,700,000
Accumulated amortization of intangible lease assets	$ 13,300,000	$ 12,300,000

Other Assets And Deferred Cha59

Other Assets And Deferred Charges, Net (Schedule Of Future Charges Of Unamortized Balances Of Deferred Lease Origination Costs And Deferred Financing Costs) (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Other Assets And Deferred Charges, Net [Abstract]
Lease origination costs, 2016	$ 3,081,000
Lease origination costs, 2017	2,513,000
Lease origination costs, 2018	2,146,000
Lease origination costs, 2019	1,834,000
Lease origination costs, 2020	1,342,000
Lease origination costs, thereafter	7,478,000
Lease origination costs	18,394,000	$ 18,180,000
Financing costs, 2016	1,555,000
Financing costs, 2017	1,422,000
Financing costs, 2018	1,401,000
Financing costs, 2019	580,000
Financing costs, 2020	292,000
Financing costs, thereafter	240,000
Financing costs	$ 5,490,000	$ 4,256,000

Mortgage Loans Payable And Un60

Mortgage Loans Payable And Unsecured Credit Facilities (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Feb. 05, 2015
Line of Credit Facility [Line Items]
Approximate amount of accumulated other comprehensive loss to be reclassified into earnings	$ 3,200,000
Interest Rate Swap [Member]
Line of Credit Facility [Line Items]
Fair value of interest rate swaps included in accounts payable and accrued liabilities	3,945,000
Unsecured Credit Facility [Member]
Line of Credit Facility [Line Items]
Credit facility borrowing capacity			$ 310,000,000
Term loan amount	$ 150,000,000		100,000,000
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Credit facility borrowing capacity			260,000,000
Credit facility expiration date	Feb. 5, 2019
Extension period	1 year
Aggregate borrowing capacity including increase under accordion feature	$ 750,000,000
Basis spread on borrowings variable rate	1.35%
Remaining borrowing capacity	$ 182,000,000
Minimum [Member] | Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Basis spread on borrowings variable rate	1.35%
Maximum [Member] | Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Basis spread on borrowings variable rate	1.95%
Term Loan [Member]
Line of Credit Facility [Line Items]
Basis spread on borrowings variable rate	1.30%
Term Loan [Member] | Unsecured Credit Facility [Member]
Line of Credit Facility [Line Items]
Credit facility expiration date	Feb. 5, 2020
Term loan amount			50,000,000
Term Loan [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Basis spread on borrowings variable rate	1.30%
Term Loan [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Basis spread on borrowings variable rate	1.90%
Term Loan Maturing February 11, 2019 [Member]
Line of Credit Facility [Line Items]
Term loan amount	$ 75,000,000
Basis spread on borrowings variable rate	1.30%
Debt term	5 years
Loan maturity date	Feb. 11, 2019
Weighted-average interest rate	2.90%
Term Loan Maturing February 11, 2019 [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Basis spread on borrowings variable rate	1.30%
Term Loan Maturing February 11, 2019 [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Basis spread on borrowings variable rate	1.90%
Term Loan Maturing February 11, 2021 [Member]
Line of Credit Facility [Line Items]
Term loan amount	$ 75,000,000
Basis spread on borrowings variable rate	1.70%
Debt term	7 years
Loan maturity date	Feb. 11, 2021
Weighted-average interest rate	4.00%
Term Loan Maturing February 11, 2021 [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Basis spread on borrowings variable rate	1.70%
Term Loan Maturing February 11, 2021 [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Basis spread on borrowings variable rate	2.30%
Term Loan Maturing February 5, 2020 [Member]
Line of Credit Facility [Line Items]
Term loan amount			$ 50,000,000
Basis spread on borrowings variable rate	1.30%
Debt term	5 years
Loan maturity date	Feb. 5, 2020
Weighted-average interest rate	2.80%
Term Loan Maturing February 5, 2020 [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Basis spread on borrowings variable rate	1.30%
Term Loan Maturing February 5, 2020 [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Basis spread on borrowings variable rate	1.90%
Term Loan Maturing February 5, 2022 [Member]
Line of Credit Facility [Line Items]
Term loan amount	$ 50,000,000
Basis spread on borrowings variable rate	1.55%
Debt term	7 years
Loan maturity date	Feb. 5, 2022
Weighted-average interest rate	3.30%
Term Loan Maturing February 5, 2022 [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Basis spread on borrowings variable rate	1.55%
Term Loan Maturing February 5, 2022 [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Basis spread on borrowings variable rate	2.15%
Continuing Operations [Member]
Line of Credit Facility [Line Items]
Payments of early extinguishment of debt costs	$ 105,000	$ 825,000

Mortgage Loans Payable And Un61

Mortgage Loans Payable And Unsecured Credit Facilities (Schedule Of Debt Related To Continuing Operations) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Debt Instrument [Line Items]
Mortgage loans payable	$ 299,022,000	$ 393,388,000	$ 516,292,000
Credit facilities	$ 78,000,000	$ 72,000,000
Continuing Operations [Member]
Debt Instrument [Line Items]
Weighted average interest rate	3.70%	4.30%
Total debt	$ 677,022,000	$ 665,388,000
Continuing Operations [Member] | Fixed-Rate Mortgages [Member]
Debt Instrument [Line Items]
Mortgage loans payable	$ 299,022,000	$ 393,388,000
Weighted average interest rate	5.00%	5.40%
Interest rate, minimum	3.10%	3.10%
Interest rate, maximum	7.50%	7.50%
Continuing Operations [Member] | Variable-Rate Mortgage [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Weighted average interest rate	1.70%	1.90%
Credit facilities	$ 78,000,000	$ 72,000,000
Continuing Operations [Member] | Unsecured Credit Facility [Member] | Term Loan Two [Member]
Debt Instrument [Line Items]
Weighted average interest rate	2.90%	3.20%
Credit facilities	$ 75,000,000	$ 75,000,000
Continuing Operations [Member] | Unsecured Credit Facility [Member] | Term Loan Three [Member]
Debt Instrument [Line Items]
Weighted average interest rate	2.80%
Credit facilities	$ 50,000,000
Continuing Operations [Member] | Unsecured Credit Facility [Member] | Term Loan Four [Member]
Debt Instrument [Line Items]
Weighted average interest rate	4.00%	4.10%
Credit facilities	$ 75,000,000	$ 75,000,000
Continuing Operations [Member] | Unsecured Credit Facility [Member] | Term Loan Five [Member]
Debt Instrument [Line Items]
Weighted average interest rate	3.30%
Credit facilities	$ 50,000,000
Continuing Operations [Member] | Unsecured Credit Facility [Member] | Variable-Rate Mortgage [Member] | Term Loan [Member]
Debt Instrument [Line Items]
Weighted average interest rate	1.70%	1.90%
Credit facilities	$ 50,000,000	$ 50,000,000

Mortgage Loans Payable And Un62

Mortgage Loans Payable And Unsecured Credit Facilities (Schedule Of Mortgage Loan Activity) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Mortgage Loans Payable And Unsecured Credit Facilities [Abstract]
Balance, beginning of year	$ 393,388,000	$ 516,292,000
Mortgages on properties held for sale		(15,249,000)
Mortgage loan assumptions	20,462,000	53,439,000
Repayments	(114,828,000)	(161,094,000)
Balance, end of the year	$ 299,022,000	$ 393,388,000

Mortgage Loans Payable And Un63

Mortgage Loans Payable And Unsecured Credit Facilities (Schedule Of Mortgage Loans Payable Repaid) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Principal Payoff Amount	$ 114,828,000	$ 161,094,000
New London Mall [Member]
Debt Instrument [Line Items]
Repayment Date	Feb. 1, 2015
Principal Payoff Amount	$ 27,365,000
Oak Ridge Shopping Center [Member]
Debt Instrument [Line Items]
Repayment Date	Mar. 11, 2015
Principal Payoff Amount	$ 3,155,000
Pine Grove Plaza [Member]
Debt Instrument [Line Items]
Repayment Date	Jun. 1, 2015
Principal Payoff Amount	$ 5,139,000
Quartermaster Plaza [Member]
Debt Instrument [Line Items]
Repayment Date	Jul. 1, 2015	Jun. 5, 2014
Principal Payoff Amount	$ 41,327,000	$ 11,217,000
Groton Shopping Center [Member]
Debt Instrument [Line Items]
Repayment Date	Jul. 1, 2015
Principal Payoff Amount	$ 10,953,000
Jordan Lane [Member]
Debt Instrument [Line Items]
Repayment Date	Aug. 2, 2015
Principal Payoff Amount	$ 11,682,000
Southington Center [Member]
Debt Instrument [Line Items]
Repayment Date	Aug. 2, 2015
Principal Payoff Amount	$ 5,129,000
Oakland Mills [Member]
Debt Instrument [Line Items]
Repayment Date	Sep. 1, 2015
Principal Payoff Amount	$ 4,385,000
Virginia Little Creek [Member]
Debt Instrument [Line Items]
Repayment Date		Feb. 3, 2014
Principal Payoff Amount		$ 295,000
Upland Square [Member]
Debt Instrument [Line Items]
Repayment Date		Feb. 11, 2014
Principal Payoff Amount		$ 57,839,000
Kings Plaza [Member]
Debt Instrument [Line Items]
Repayment Date		Apr. 1, 2014
Principal Payoff Amount		$ 7,188,000
Coliseum Marketplace [Member]
Debt Instrument [Line Items]
Repayment Date		Apr. 1, 2014
Principal Payoff Amount		$ 11,045,000
Liberty Marketplace [Member]
Debt Instrument [Line Items]
Repayment Date		Apr. 1, 2014
Principal Payoff Amount		$ 8,171,000
Trexler Mall [Member]
Debt Instrument [Line Items]
Repayment Date		May 11, 2014
Principal Payoff Amount		$ 19,479,000
Yorktowne Plaza [Member]
Debt Instrument [Line Items]
Repayment Date		Jun. 2, 2014
Principal Payoff Amount		$ 18,726,000
Fieldstone Marketplace [Member]
Debt Instrument [Line Items]
Repayment Date		Jul. 11, 2014
Principal Payoff Amount		$ 16,878,000
Mechanicsburg Center [Member]
Debt Instrument [Line Items]
Repayment Date		Aug. 1, 2014
Principal Payoff Amount		$ 8,215,000
Smithfield Plaza [Member]
Debt Instrument [Line Items]
Repayment Date		Oct. 21, 2014
Principal Payoff Amount		$ 6,616,000
Elmhurst Square [Member]
Debt Instrument [Line Items]
Repayment Date		Dec. 11, 2014
Principal Payoff Amount		$ 3,638,000

Mortgage Loans Payable And Un64

Mortgage Loans Payable And Unsecured Credit Facilities (Schedule Of Principal Payments On Mortgage Loans Payable And Credit Facility) (Details) - USD ($)		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014
Mortgage Loans Payable And Unsecured Credit Facilities [Abstract]
2,016		$ 129,284,000
2,017		63,560,000
2,018		20,821,000
2,019	[1]	155,725,000
2,020		111,545,000
Thereafter		196,087,000
Long-term debt		677,022,000
Mortgage loans subject to one-year extension option		$ 78,000,000	$ 72,000,000
Period of extension option		1 year
[1]	Includes $78.0 million applicable to the unsecured revolving credit facility, subject to a one-year extension option.

Mortgage Loans Payable And Un65

Mortgage Loans Payable And Unsecured Credit Facilities (Summary Of The Derivative Financial Instruments Held) (Details) - Accounts Payable And Accrued Liabilities [Member]	12 Months Ended
	Dec. 31, 2015USD ($)contract	Dec. 31, 2014USD ($)contract
Interest Rate Swap [Member]
Derivatives, Fair Value [Line Items]
Count | contract	4	2
Notional values	$ 250,000,000	$ 150,000,000
Fair value	$ 3,945,000	$ 2,777,000
Interest Rate Swap One [Member]
Derivatives, Fair Value [Line Items]
Maturity date		2,019
Interest Rate Swap Two [Member]
Derivatives, Fair Value [Line Items]
Maturity date		2,021
Minimum [Member] | Interest Rate Swap [Member]
Derivatives, Fair Value [Line Items]
Maturity date	2,019
Maximum [Member] | Interest Rate Swap [Member]
Derivatives, Fair Value [Line Items]
Maturity date	2,022

Mortgage Loans Payable And Un66

Mortgage Loans Payable And Unsecured Credit Facilities (Effect Of The Derivative Financial Instruments On The Consolidated Statements Of Operations And Consolidated Statements Of Equity) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Derivative Instruments, Gain (Loss) [Line Items]
Net amount of (gain) loss recognized in other comprehensive income reclassified into earnings (effective portion)	$ 28,272,000	$ 32,301,000	$ 34,762,000
Interest Rate Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net amount of gain (loss) recognized in other comprehensive income (effective portion)	(4,539,000)	(3,650,000)	202,000
Continuing Operations [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net amount of (gain) loss recognized in other comprehensive income reclassified into earnings (effective portion)	$ 3,621,000	1,663,000	749,000
Discontinued Operations [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net amount of (gain) loss recognized in other comprehensive income reclassified into earnings (effective portion)		$ 129,000	$ 309,000

Intangible Lease Asset_Liabil67

Intangible Lease Asset/Liability (Narrative) (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Intangible Lease Asset/Liability [Abstract]
Unamortized intangible lease liabilities	$ 23,187,000	$ 23,776,000
Unamortized intangible lease assets	600,000	$ 100,000
Accumulated amortization	$ 40,700,000

Intangible Lease Asset_Liabil68

Intangible Lease Asset/Liability (Schedule Of Unamortized Balance Of Intangible Lease Liabilities Net) (Details)	Dec. 31, 2015USD ($)
Intangible Lease Asset/Liability [Abstract]
2,016	$ 2,921,000
2,017	2,667,000
2,018	2,538,000
2,019	2,254,000
2,020	1,703,000
Thereafter	11,104,000
Unamortized intangible lease liabilities	$ 23,187,000

Commitments And Contingencies (

Commitments And Contingencies (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Commitments And Contingencies [Abstract]
2,016	$ 476,000
2,017	489,000
2,018	503,000
2,019	517,000
2,020	86,000
2016 - Adjustment	1,100,000
2017 - Adjustment	500,000
2018 - Adjustment	400,000
2019 - Adjustment	400,000
2020 - Adjustment	400,000
Thereafter - Adjustment	13,400,000
Rent expense	$ 1,500,000	$ 1,300,000	$ 1,400,000

Shareholders' Equity (Narrative

Shareholders' Equity (Narrative) (Details) - USD ($)	Jan. 25, 2015	Jun. 30, 2014	Jan. 13, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Jan. 12, 2015
Class of Stock [Line Items]
Public offering, realized net proceeds, net offering expenses			$ 41,300,000	$ 41,741,000	$ 41,163,000	$ (64,000)
Public offering, shares			6,900,000	85,049,000	79,213,000		5,750,000
Shares issued to underwriters			900,000				750,000
Public offering, realized net proceeds, net offering expenses							$ 41,900,000
At-the-market program, shares sold				0	0
Stock price as percentage of market value				100.00%
Remaining shares authorized under DRIP				2,847,000
Redemptions of OP Units, shares		69,000
OP units converted				40,000	51,000
Accrued preferred stock dividends				$ 1,600,000	$ 1,600,000
Dividends payable, date declared				Jan. 25, 2016
Dividends payable, date to be paid				Feb. 22, 2016
Dividends payable, date of record				Feb. 12, 2016
Series B [Member]
Class of Stock [Line Items]
Dividend rate percentage				7.25%
Liquidation preference, per share				$ 25	$ 25
Redemption price per share				$ 25
Limited Partners' Interest In Operating Partnership [Member]
Class of Stock [Line Items]
Cash outlay for redeemed OP units		$ 424,000		$ 0	$ 0
Subsequent Event [Member]
Class of Stock [Line Items]
Common stock, dividends declared	$ 0.05
Subsequent Event [Member] | Series B [Member]
Class of Stock [Line Items]
Preferred stock dividends declared	$ 0.453125

Shareholders' Equity (Schedule

Shareholders' Equity (Schedule Of Dividends) (Details) - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Class of Stock [Line Items]
Common stock	$ 0.200	$ 0.200	$ 0.200
Series B [Member]
Class of Stock [Line Items]
Cumulative Redeemable Preferred Stock	$ 1.812	$ 1.812	$ 1.812
Dividend rate percentage	7.25%

Revenues (Schedule Of Rent Reve

Revenues (Schedule Of Rent Revenues) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenues [Abstract]
Base rents	$ 112,319,000	$ 110,739,000	$ 103,721,000
Percentage rent	789,000	683,000	804,000
Straight-line rents	506,000	761,000	1,387,000
Amortization of intangible lease liabilities, net	3,125,000	4,322,000	4,441,000
Total rents	$ 116,739,000	$ 116,505,000	$ 110,353,000

Revenues (Schedule Of Annual Fu

Revenues (Schedule Of Annual Future Base Rents Due To Be Received Under Non-Cancelable Operating Leases) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenues [Abstract]
2,016	$ 108,891,000
2,017	99,195,000
2,018	89,025,000
2,019	74,704,000
2,020	57,484,000
Thereafter	250,979,000
Future rents due to be received	680,278,000
Expense recoveries	$ 32,600,000	$ 32,100,000	$ 29,500,000

401(k) Retirement Plan (Details

401(k) Retirement Plan (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
401(k) Retirement Plan [Abstract]
Retirement plan, employer contribution amount	$ 265,000	$ 279,000	$ 244,000

Share-Based Compensation (Narra

Share-Based Compensation (Narrative) (Details) - USD ($)	1 Months Ended	12 Months Ended
	Jun. 30, 2011	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average grant date fair value per share		$ 7.43
Fair value of vested shares		$ 2,869,000	$ 934,000	$ 1,863,000
2012 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant under Stock Incentive Plan		1,500,000
Aggregate cost of awards not yet recognized		$ 6,600,000
Unrecognized cost recognition period		2 years 4 months 24 days
Chief Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted to Company's President	2,500,000
Average annual TSR threshold	6.50%
Vesting period	7 years
Appraisal value	$ 4.39
Grant date market price	$ 4.98
Time-Based Awards [Member] | 2012 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued		180,000	133,000	584,000
Weighted-average grant date fair value per share		$ 7.43	$ 6.32	$ 5.65

Share-Based Compensation (Sched

Share-Based Compensation (Schedule Of Share-Based Compensation Information) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Share-Based Compensation [Abstract]
Expense relating to share grants	$ 3,261,000	$ 3,761,000	$ 4,108,000
Amounts capitalized	(93,000)	(230,000)	(407,000)
Total charged to operations	$ 3,168,000	$ 3,531,000	$ 3,701,000
Unvested shares, December 31, 2014	3,666,000
Restricted share grants	180,000
Vested during period	(399,000)
Forfeitures/cancellations	(18,000)
Unvested shares, December 31, 2015	3,429,000	3,666,000
Unvested shares, December 31, 2014, weighted average grant date fair value	$ 4.89
Restricted share grants, weighted average grant date fair value	7.43
Vested during period, weighted average grant date fair value	4.98
Forfeitures/cancellations, weighted average grant date fair value	5.14
Unvested shares, December 31, 2015, weighted average grant date fair value	$ 5.03	$ 4.89

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) - shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Earnings Per Share [Abstract]
Weighted average nonvested restricted shares outstanding	3,500,000	3,700,000	3,800,000
Weighted average number of OP units outstanding	378,000	433,000	297,000

Earnings Per Share (Schedule Of

Earnings Per Share (Schedule Of Calculation Of Numerator And Denominator In Earnings Per Share) (Details) - USD ($)	3 Months Ended																12 Months Ended
	Dec. 31, 2015	[1]	Sep. 30, 2015	[1]	Jun. 30, 2015	[1]	Mar. 31, 2015	[1]	Dec. 31, 2014	[1]	Sep. 30, 2014	[1]	Jun. 30, 2014	[1]	Mar. 31, 2014	[1]	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Earnings Per Share [Abstract]
Income from continuing operations																	$ 21,616,000	$ 17,611,000	$ 4,519,000
Preferred stock dividends																	(14,408,000)	(14,408,000)	(14,413,000)
Preferred stock redemption costs																			(1,166,000)
Net loss attributable to noncontrolling interests																	366,000	358,000	247,000
Net earnings allocated to unvested shares																	(701,000)	(734,000)	(758,000)
Income (loss) from continuing operations attributable to vested common shares																	6,873,000	2,827,000	(11,571,000)
Income from discontinued operations, net of noncontrolling interests, attributable to vested common shares																	164,000	11,012,000	9,682,000
Net income (loss) attributable to vested common shares outstanding																	$ 7,037,000	$ 13,839,000	$ (1,889,000)
Weighted average number of vested common shares outstanding																	81,356,000	75,311,000	68,381,000
Earnings per vested common share, basic and diluted
Continuing operations																	$ 0.09	$ 0.04	$ (0.17)
Discontinued operations																	0	0.14	0.14
Earnings (loss) per vested common share, basic and diluted	$ 0.04		$ 0.03		$ 0.02		$ 0		$ 0.01		$ 0.03		$ 0.17		$ (0.03)		$ 0.09	$ 0.18	$ (0.03)
[1]	Differences between the sum of the four quarterly per share amounts and the annual per share amounts are attributable to the effect of the weighted average outstanding share calculations for the respective periods.

Selected Quarterly Financial 79

Selected Quarterly Financial Data (Details) - USD ($)	3 Months Ended																12 Months Ended
	Dec. 31, 2015		Sep. 30, 2015		Jun. 30, 2015		Mar. 31, 2015		Dec. 31, 2014		Sep. 30, 2014		Jun. 30, 2014		Mar. 31, 2014		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Selected Quarterly Financial Data [Abstract]
Revenues	$ 37,730,000		$ 36,100,000		$ 36,742,000		$ 38,635,000		$ 36,665,000		$ 36,499,000		$ 37,308,000		$ 37,712,000		$ 149,207,000	$ 148,184,000	$ 139,598,000
Net income	6,840,000		6,126,000		5,416,000		3,399,000		4,280,000		5,709,000		16,992,000		1,710,000		21,781,000	28,691,000	14,202,000
Net (loss) income attributable to common shareholders	$ 3,356,000		$ 2,590,000		$ 1,915,000		$ (123,000)		$ 747,000		$ 2,183,000		$ 13,458,000		$ (1,815,000)		$ 7,738,000	$ 14,573,000	$ (1,131,000)
Per common share (basic and diluted)	$ 0.04	[1]	$ 0.03	[1]	$ 0.02	[1]	$ 0	[1]	$ 0.01	[1]	$ 0.03	[1]	$ 0.17	[1]	$ (0.03)	[1]	$ 0.09	$ 0.18	$ (0.03)
[1]	Differences between the sum of the four quarterly per share amounts and the annual per share amounts are attributable to the effect of the weighted average outstanding share calculations for the respective periods.

Schedule III - Real Estate An80

Schedule III - Real Estate And Accumulated Depreciation (Details)	12 Months Ended
	Dec. 31, 2015USD ($)property		Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Dec. 31, 2012USD ($)
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Gross Leasable Area | property	9,459,113
Initial cost to the Company, Land	$ 332,082,000
Initial cost to the Company, Building and Improvements	912,537,000
Subsequent cost capitalized	305,408,000
Gross carrying amount of Land	323,859,000
Gross carrying amount of building and improvements	1,226,168,000
SEC Schedule III, Real Estate, Gross, Total	1,550,027,000	[1]	$ 1,476,173,000	$ 1,450,951,000	$ 1,423,979,000
Accumulated Depreciation	300,832,000		$ 267,211,000	$ 251,605,000	$ 229,535,000
Amount of Encumbrance	$ 299,022,000
Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Building and improvements estimated useful life	3 years
Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Building and improvements estimated useful life	40 years
Academy Plaza [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,001
Percent Owned	100.00%
Gross Leasable Area | property	137,415
Initial cost to the Company, Land	$ 2,406,000
Initial cost to the Company, Building and Improvements	9,623,000
Subsequent cost capitalized	4,407,000
Gross carrying amount of Land	2,406,000
Gross carrying amount of building and improvements	14,030,000
SEC Schedule III, Real Estate, Gross, Total	16,436,000
Accumulated Depreciation	$ 4,489,000
Academy Plaza [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	1,965
Academy Plaza [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	2,013
Big Y Shopping Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,013
Percent Owned	100.00%
Year built/Year last renovated	2,007
Gross Leasable Area | property	101,105
Initial cost to the Company, Land	$ 11,272,000
Initial cost to the Company, Building and Improvements	23,395,000
Subsequent cost capitalized	1,000
Gross carrying amount of Land	10,268,000
Gross carrying amount of building and improvements	24,400,000
SEC Schedule III, Real Estate, Gross, Total	34,668,000
Accumulated Depreciation	$ 1,779,000
Camp Hill [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,002
Percent Owned	100.00%
Gross Leasable Area | property	464,765
Initial cost to the Company, Land	$ 4,460,000
Initial cost to the Company, Building and Improvements	17,857,000
Subsequent cost capitalized	44,163,000
Gross carrying amount of Land	4,424,000
Gross carrying amount of building and improvements	62,056,000
SEC Schedule III, Real Estate, Gross, Total	66,480,000
Accumulated Depreciation	18,009,000
Amount of Encumbrance	$ 61,494,000
Camp Hill [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	1,958
Camp Hill [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	2,005
Carll's Corner [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,007
Percent Owned	100.00%
Gross Leasable Area | property	129,582
Initial cost to the Company, Land	$ 3,034,000
Initial cost to the Company, Building and Improvements	15,293,000
Subsequent cost capitalized	(722,000)
Gross carrying amount of Land	2,898,000
Gross carrying amount of building and improvements	14,707,000
SEC Schedule III, Real Estate, Gross, Total	17,605,000
Accumulated Depreciation	$ 4,139,000
Carll's Corner [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	1,960
Carll's Corner [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	1,999
Carmans Plaza [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,007
Percent Owned	100.00%
Gross Leasable Area | property	193,736
Initial cost to the Company, Land	$ 8,539,000
Initial cost to the Company, Building and Improvements	35,804,000
Subsequent cost capitalized	43,000
Gross carrying amount of Land	8,421,000
Gross carrying amount of building and improvements	35,965,000
SEC Schedule III, Real Estate, Gross, Total	44,386,000
Accumulated Depreciation	9,519,000
Amount of Encumbrance	$ 33,483,000
Carmans Plaza [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	1,954
Carmans Plaza [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	2,007
Coliseum Marketplace [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,005
Percent Owned	100.00%
Gross Leasable Area | property	106,648
Initial cost to the Company, Land	$ 2,924,000
Initial cost to the Company, Building and Improvements	14,416,000
Subsequent cost capitalized	5,425,000
Gross carrying amount of Land	3,586,000
Gross carrying amount of building and improvements	19,179,000
SEC Schedule III, Real Estate, Gross, Total	22,765,000
Accumulated Depreciation	$ 5,849,000
Coliseum Marketplace [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	1,987
Coliseum Marketplace [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	2,012
Colonial Commons [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,011
Percent Owned	100.00%
Gross Leasable Area | property	461,914
Initial cost to the Company, Land	$ 9,367,000
Initial cost to the Company, Building and Improvements	37,496,000
Subsequent cost capitalized	4,872,000
Gross carrying amount of Land	9,367,000
Gross carrying amount of building and improvements	42,368,000
SEC Schedule III, Real Estate, Gross, Total	51,735,000
Accumulated Depreciation	8,431,000
Amount of Encumbrance	$ 25,721,000
Colonial Commons [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	2,011
Colonial Commons [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	2,013
Crossroads II [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,008
Percent Owned	60.00%
Year built/Year last renovated	2,009
Gross Leasable Area | property	133,717
Initial cost to the Company, Land	$ 15,383,000
Subsequent cost capitalized	28,968,000
Gross carrying amount of Land	17,671,000
Gross carrying amount of building and improvements	26,680,000
SEC Schedule III, Real Estate, Gross, Total	44,351,000
Accumulated Depreciation	$ 4,420,000
East River Park [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,015
Percent Owned	100.00%
Gross Leasable Area | property	150,107
Initial cost to the Company, Land	$ 9,086,000
Initial cost to the Company, Building and Improvements	30,738,000
Gross carrying amount of Land	9,086,000
Gross carrying amount of building and improvements	30,738,000
SEC Schedule III, Real Estate, Gross, Total	39,824,000
Amount of Encumbrance	$ 20,462,000
East River Park [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	1,946
East River Park [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	1,996
Elmhurst Square [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,006
Percent Owned	100.00%
Gross Leasable Area | property	66,250
Initial cost to the Company, Land	$ 1,371,000
Initial cost to the Company, Building and Improvements	5,994,000
Subsequent cost capitalized	924,000
Gross carrying amount of Land	1,371,000
Gross carrying amount of building and improvements	6,918,000
SEC Schedule III, Real Estate, Gross, Total	8,289,000
Accumulated Depreciation	$ 2,024,000
Elmhurst Square [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	1,961
Elmhurst Square [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	1,983
Fairview Commons [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,007
Percent Owned	100.00%
Gross Leasable Area | property	52,964
Initial cost to the Company, Land	$ 858,000
Initial cost to the Company, Building and Improvements	3,568,000
Subsequent cost capitalized	49,000
Gross carrying amount of Land	858,000
Gross carrying amount of building and improvements	3,617,000
SEC Schedule III, Real Estate, Gross, Total	4,475,000
Accumulated Depreciation	$ 1,050,000
Fairview Commons [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	1,976
Fairview Commons [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	2,003
Fieldstone Marketplace [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Percent Owned	100.00%
Gross Leasable Area | property	193,970
Initial cost to the Company, Land	$ 5,229,000
Initial cost to the Company, Building and Improvements	21,440,000
Subsequent cost capitalized	1,939,000
Gross carrying amount of Land	5,167,000
Gross carrying amount of building and improvements	23,441,000
SEC Schedule III, Real Estate, Gross, Total	28,608,000
Accumulated Depreciation	$ 7,013,000
Fieldstone Marketplace [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,005
Year built/Year last renovated	1,988
Fieldstone Marketplace [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,012
Year built/Year last renovated	2,003
Fort Washington Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,002
Percent Owned	100.00%
Year built/Year last renovated	2,003
Gross Leasable Area | property	41,000
Initial cost to the Company, Land	$ 2,462,000
Subsequent cost capitalized	5,176,000
Gross carrying amount of Land	2,462,000
Gross carrying amount of building and improvements	5,176,000
SEC Schedule III, Real Estate, Gross, Total	7,638,000
Accumulated Depreciation	$ 1,883,000
Franklin Village Plaza [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Percent Owned	100.00%
Gross Leasable Area | property	303,096
Initial cost to the Company, Land	$ 14,270,000
Initial cost to the Company, Building and Improvements	61,915,000
Subsequent cost capitalized	1,087,000
Gross carrying amount of Land	14,681,000
Gross carrying amount of building and improvements	62,591,000
SEC Schedule III, Real Estate, Gross, Total	77,272,000
Accumulated Depreciation	8,020,000
Amount of Encumbrance	$ 40,725,000
Franklin Village Plaza [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,004
Year built/Year last renovated	1,987
Franklin Village Plaza [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,012
Year built/Year last renovated	2,005
Fredericksburg Way [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,005
Percent Owned	100.00%
Year built/Year last renovated	1,997
Gross Leasable Area | property	63,000
Initial cost to the Company, Land	$ 3,213,000
Initial cost to the Company, Building and Improvements	12,758,000
Gross carrying amount of Land	3,213,000
Gross carrying amount of building and improvements	12,758,000
SEC Schedule III, Real Estate, Gross, Total	15,971,000
Accumulated Depreciation	$ 3,758,000
General Booth Plaza [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,005
Percent Owned	100.00%
Year built/Year last renovated	1,985
Gross Leasable Area | property	71,639
Initial cost to the Company, Land	$ 1,935,000
Initial cost to the Company, Building and Improvements	9,493,000
Subsequent cost capitalized	353,000
Gross carrying amount of Land	1,935,000
Gross carrying amount of building and improvements	9,846,000
SEC Schedule III, Real Estate, Gross, Total	11,781,000
Accumulated Depreciation	$ 3,559,000
Glen Allen Shopping Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,005
Percent Owned	100.00%
Year built/Year last renovated	2,000
Gross Leasable Area | property	63,328
Initial cost to the Company, Land	$ 6,769,000
Initial cost to the Company, Building and Improvements	683,000
Subsequent cost capitalized	3,000
Gross carrying amount of Land	5,367,000
Gross carrying amount of building and improvements	2,088,000
SEC Schedule III, Real Estate, Gross, Total	7,455,000
Accumulated Depreciation	$ 693,000
Gold Star Plaza [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,006
Percent Owned	100.00%
Year built/Year last renovated	1,988
Gross Leasable Area | property	71,720
Initial cost to the Company, Land	$ 1,644,000
Initial cost to the Company, Building and Improvements	6,519,000
Subsequent cost capitalized	565,000
Gross carrying amount of Land	1,644,000
Gross carrying amount of building and improvements	7,084,000
SEC Schedule III, Real Estate, Gross, Total	8,728,000
Accumulated Depreciation	2,275,000
Amount of Encumbrance	$ 1,037,000
Golden Triangle [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,003
Percent Owned	100.00%
Gross Leasable Area | property	202,943
Initial cost to the Company, Land	$ 2,320,000
Initial cost to the Company, Building and Improvements	9,713,000
Subsequent cost capitalized	9,941,000
Gross carrying amount of Land	2,320,000
Gross carrying amount of building and improvements	19,654,000
SEC Schedule III, Real Estate, Gross, Total	21,974,000
Accumulated Depreciation	7,596,000
Amount of Encumbrance	$ 18,920,000
Golden Triangle [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	1,960
Golden Triangle [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	2,005
Groton Shopping Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,007
Percent Owned	100.00%
Year built/Year last renovated	1,969
Gross Leasable Area | property	117,186
Initial cost to the Company, Land	$ 3,070,000
Initial cost to the Company, Building and Improvements	12,320,000
Subsequent cost capitalized	576,000
Gross carrying amount of Land	3,073,000
Gross carrying amount of building and improvements	12,893,000
SEC Schedule III, Real Estate, Gross, Total	15,966,000
Accumulated Depreciation	$ 3,645,000
Halifax Plaza [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,003
Percent Owned	100.00%
Year built/Year last renovated	1,994
Gross Leasable Area | property	51,510
Initial cost to the Company, Land	$ 1,412,000
Initial cost to the Company, Building and Improvements	5,799,000
Subsequent cost capitalized	247,000
Gross carrying amount of Land	1,347,000
Gross carrying amount of building and improvements	6,111,000
SEC Schedule III, Real Estate, Gross, Total	7,458,000
Accumulated Depreciation	$ 2,116,000
Hamburg Square [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,004
Percent Owned	100.00%
Gross Leasable Area | property	99,580
Initial cost to the Company, Land	$ 1,153,000
Initial cost to the Company, Building and Improvements	4,678,000
Subsequent cost capitalized	5,511,000
Gross carrying amount of Land	1,153,000
Gross carrying amount of building and improvements	10,189,000
SEC Schedule III, Real Estate, Gross, Total	11,342,000
Accumulated Depreciation	2,840,000
Amount of Encumbrance	$ 4,625,000
Hamburg Square [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	1,993
Hamburg Square [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	2,010
Jordan Lane [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,005
Percent Owned	100.00%
Gross Leasable Area | property	177,504
Initial cost to the Company, Land	$ 4,291,000
Initial cost to the Company, Building and Improvements	21,176,000
Subsequent cost capitalized	1,431,000
Gross carrying amount of Land	4,291,000
Gross carrying amount of building and improvements	22,607,000
SEC Schedule III, Real Estate, Gross, Total	26,898,000
Accumulated Depreciation	$ 7,065,000
Jordan Lane [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	1,969
Jordan Lane [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	1,991
Kempsville Crossing [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,005
Percent Owned	100.00%
Gross Leasable Area | property	79,512
Initial cost to the Company, Land	$ 2,207,000
Initial cost to the Company, Building and Improvements	11,000,000
Subsequent cost capitalized	(1,481,000)
Gross carrying amount of Land	2,207,000
Gross carrying amount of building and improvements	9,519,000
SEC Schedule III, Real Estate, Gross, Total	11,726,000
Accumulated Depreciation	$ 4,034,000
Kempsville Crossing [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	1,985
Kempsville Crossing [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	2,013
Kings Plaza [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,007
Percent Owned	100.00%
Gross Leasable Area | property	168,243
Initial cost to the Company, Land	$ 2,413,000
Initial cost to the Company, Building and Improvements	12,604,000
Subsequent cost capitalized	430,000
Gross carrying amount of Land	2,408,000
Gross carrying amount of building and improvements	13,039,000
SEC Schedule III, Real Estate, Gross, Total	15,447,000
Accumulated Depreciation	$ 3,608,000
Kings Plaza [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	1,970
Kings Plaza [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	1,994
Lawndale Plaza [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,015
Percent Owned	100.00%
Year built/Year last renovated	1,998
Gross Leasable Area | property	93,040
Initial cost to the Company, Land	$ 3,635,000
Initial cost to the Company, Building and Improvements	21,854,000
Subsequent cost capitalized	343,000
Gross carrying amount of Land	3,635,000
Gross carrying amount of building and improvements	22,197,000
SEC Schedule III, Real Estate, Gross, Total	25,832,000
Accumulated Depreciation	$ 713,000
Maxatawny Marketplace [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,011
Percent Owned	100.00%
Year built/Year last renovated	2,014
Gross Leasable Area | property	58,339
Initial cost to the Company, Land	$ 1,612,000
Subsequent cost capitalized	8,844,000
Gross carrying amount of Land	1,454,000
Gross carrying amount of building and improvements	9,002,000
SEC Schedule III, Real Estate, Gross, Total	10,456,000
Accumulated Depreciation	$ 649,000
Meadows Marketplace [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Percent Owned	100.00%
Year built/Year last renovated	2,005
Gross Leasable Area | property	91,518
Initial cost to the Company, Land	$ 1,914,000
Subsequent cost capitalized	11,407,000
Gross carrying amount of Land	1,914,000
Gross carrying amount of building and improvements	11,407,000
SEC Schedule III, Real Estate, Gross, Total	13,321,000
Accumulated Depreciation	2,865,000
Amount of Encumbrance	$ 9,219,000
Meadows Marketplace [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,004
Meadows Marketplace [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,012
Mechanicsburg Giant [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,005
Percent Owned	100.00%
Year built/Year last renovated	2,003
Gross Leasable Area | property	51,500
Initial cost to the Company, Land	$ 2,709,000
Initial cost to the Company, Building and Improvements	12,159,000
Gross carrying amount of Land	2,709,000
Gross carrying amount of building and improvements	12,159,000
SEC Schedule III, Real Estate, Gross, Total	14,868,000
Accumulated Depreciation	$ 3,469,000
Metro Square [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,008
Percent Owned	100.00%
Year built/Year last renovated	1,999
Gross Leasable Area | property	71,896
Initial cost to the Company, Land	$ 3,121,000
Initial cost to the Company, Building and Improvements	12,341,000
Subsequent cost capitalized	(247,000)
Gross carrying amount of Land	5,250,000
Gross carrying amount of building and improvements	9,965,000
SEC Schedule III, Real Estate, Gross, Total	15,215,000
Accumulated Depreciation	2,168,000
Amount of Encumbrance	$ 7,717,000
Newport Plaza [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,003
Percent Owned	100.00%
Year built/Year last renovated	1,996
Gross Leasable Area | property	64,489
Initial cost to the Company, Land	$ 1,721,000
Initial cost to the Company, Building and Improvements	7,758,000
Subsequent cost capitalized	400,000
Gross carrying amount of Land	1,682,000
Gross carrying amount of building and improvements	8,197,000
SEC Schedule III, Real Estate, Gross, Total	9,879,000
Accumulated Depreciation	$ 2,693,000
New London Mall [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,009
Percent Owned	40.00%
Gross Leasable Area | property	259,566
Initial cost to the Company, Land	$ 14,891,000
Initial cost to the Company, Building and Improvements	24,967,000
Subsequent cost capitalized	1,424,000
Gross carrying amount of Land	8,807,000
Gross carrying amount of building and improvements	32,475,000
SEC Schedule III, Real Estate, Gross, Total	41,282,000
Accumulated Depreciation	$ 9,545,000
New London Mall [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	1,967
New London Mall [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	1,997
Northside Commons [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,008
Percent Owned	100.00%
Year built/Year last renovated	2,009
Gross Leasable Area | property	69,136
Initial cost to the Company, Land	$ 3,332,000
Subsequent cost capitalized	10,010,000
Gross carrying amount of Land	3,379,000
Gross carrying amount of building and improvements	9,963,000
SEC Schedule III, Real Estate, Gross, Total	13,342,000
Accumulated Depreciation	$ 1,577,000
Norwood Shopping Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,006
Percent Owned	100.00%
Gross Leasable Area | property	102,459
Initial cost to the Company, Land	$ 1,874,000
Initial cost to the Company, Building and Improvements	8,453,000
Subsequent cost capitalized	1,667,000
Gross carrying amount of Land	1,874,000
Gross carrying amount of building and improvements	10,120,000
SEC Schedule III, Real Estate, Gross, Total	11,994,000
Accumulated Depreciation	$ 3,025,000
Norwood Shopping Center [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	1,965
Norwood Shopping Center [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	2,013
Oak Ridge Shopping Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,006
Percent Owned	100.00%
Year built/Year last renovated	2,000
Gross Leasable Area | property	38,700
Initial cost to the Company, Land	$ 960,000
Initial cost to the Company, Building and Improvements	4,254,000
Subsequent cost capitalized	46,000
Gross carrying amount of Land	960,000
Gross carrying amount of building and improvements	4,300,000
SEC Schedule III, Real Estate, Gross, Total	5,260,000
Accumulated Depreciation	$ 1,210,000
Oakland Commons [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,007
Percent Owned	100.00%
Gross Leasable Area | property	90,100
Initial cost to the Company, Land	$ 2,504,000
Initial cost to the Company, Building and Improvements	15,662,000
Subsequent cost capitalized	(233,000)
Gross carrying amount of Land	2,504,000
Gross carrying amount of building and improvements	15,429,000
SEC Schedule III, Real Estate, Gross, Total	17,933,000
Accumulated Depreciation	$ 4,122,000
Oakland Commons [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	1,962
Oakland Commons [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	2,013
Oakland Mills [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,005
Percent Owned	100.00%
Gross Leasable Area | property	58,224
Initial cost to the Company, Land	$ 1,611,000
Initial cost to the Company, Building and Improvements	6,292,000
Subsequent cost capitalized	41,000
Gross carrying amount of Land	1,611,000
Gross carrying amount of building and improvements	6,333,000
SEC Schedule III, Real Estate, Gross, Total	7,944,000
Accumulated Depreciation	$ 2,230,000
Oakland Mills [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	1,960
Oakland Mills [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	2,004
Palmyra Shopping Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,005
Percent Owned	100.00%
Gross Leasable Area | property	111,051
Initial cost to the Company, Land	$ 1,488,000
Initial cost to the Company, Building and Improvements	6,566,000
Subsequent cost capitalized	1,398,000
Gross carrying amount of Land	1,488,000
Gross carrying amount of building and improvements	7,964,000
SEC Schedule III, Real Estate, Gross, Total	9,452,000
Accumulated Depreciation	$ 2,546,000
Palmyra Shopping Center [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	1,960
Palmyra Shopping Center [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	2,012
Pine Grove Plaza [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,003
Percent Owned	100.00%
Gross Leasable Area | property	86,089
Initial cost to the Company, Land	$ 2,010,000
Initial cost to the Company, Building and Improvements	6,489,000
Subsequent cost capitalized	480,000
Gross carrying amount of Land	2,010,000
Gross carrying amount of building and improvements	6,969,000
SEC Schedule III, Real Estate, Gross, Total	8,979,000
Accumulated Depreciation	$ 2,166,000
Pine Grove Plaza [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	2,001
Pine Grove Plaza [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	2,002
Port Richmond Village [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,001
Percent Owned	100.00%
Year built/Year last renovated	1,988
Gross Leasable Area | property	154,908
Initial cost to the Company, Land	$ 2,942,000
Initial cost to the Company, Building and Improvements	11,769,000
Subsequent cost capitalized	1,420,000
Gross carrying amount of Land	2,843,000
Gross carrying amount of building and improvements	13,288,000
SEC Schedule III, Real Estate, Gross, Total	16,131,000
Accumulated Depreciation	$ 4,937,000
Quartermaster Plaza [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,014
Percent Owned	100.00%
Year built/Year last renovated	2,004
Gross Leasable Area | property	456,602
Initial cost to the Company, Land	$ 37,031,000
Initial cost to the Company, Building and Improvements	54,210,000
Subsequent cost capitalized	808,000
Gross carrying amount of Land	37,031,000
Gross carrying amount of building and improvements	55,018,000
SEC Schedule III, Real Estate, Gross, Total	92,049,000
Accumulated Depreciation	$ 3,272,000
River View Plaza [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,003
Percent Owned	100.00%
Gross Leasable Area | property	226,786
Initial cost to the Company, Land	$ 9,718,000
Initial cost to the Company, Building and Improvements	40,356,000
Subsequent cost capitalized	5,021,000
Gross carrying amount of Land	9,718,000
Gross carrying amount of building and improvements	45,377,000
SEC Schedule III, Real Estate, Gross, Total	55,095,000
Accumulated Depreciation	$ 14,495,000
River View Plaza [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	1,991
River View Plaza [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	1,998
San Souci Plaza [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,009
Percent Owned	40.00%
Gross Leasable Area | property	264,134
Initial cost to the Company, Land	$ 14,849,000
Initial cost to the Company, Building and Improvements	18,445,000
Subsequent cost capitalized	1,956,000
Gross carrying amount of Land	13,406,000
Gross carrying amount of building and improvements	21,844,000
SEC Schedule III, Real Estate, Gross, Total	35,250,000
Accumulated Depreciation	8,592,000
Amount of Encumbrance	$ 27,200,000
San Souci Plaza [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	1,985
San Souci Plaza [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	1,997
South Philadelphia [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,003
Percent Owned	100.00%
Gross Leasable Area | property	283,415
Initial cost to the Company, Land	$ 8,222,000
Initial cost to the Company, Building and Improvements	36,314,000
Subsequent cost capitalized	2,717,000
Gross carrying amount of Land	8,222,000
Gross carrying amount of building and improvements	39,031,000
SEC Schedule III, Real Estate, Gross, Total	47,253,000
Accumulated Depreciation	$ 14,508,000
South Philadelphia [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	1,950
South Philadelphia [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	2,003
Southington Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,003
Percent Owned	100.00%
Gross Leasable Area | property	155,842
Initial cost to the Company, Building and Improvements	$ 11,834,000
Subsequent cost capitalized	194,000
Gross carrying amount of building and improvements	12,028,000
SEC Schedule III, Real Estate, Gross, Total	12,028,000
Accumulated Depreciation	$ 3,725,000
Southington Center [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	1,972
Southington Center [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	2,000
Suffolk Plaza [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,005
Percent Owned	100.00%
Year built/Year last renovated	1,984
Gross Leasable Area | property	67,216
Initial cost to the Company, Land	$ 1,402,000
Initial cost to the Company, Building and Improvements	7,236,000
Subsequent cost capitalized	23,000
Gross carrying amount of Land	1,402,000
Gross carrying amount of building and improvements	7,259,000
SEC Schedule III, Real Estate, Gross, Total	8,661,000
Accumulated Depreciation	$ 2,873,000
Swede Square [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,003
Percent Owned	100.00%
Gross Leasable Area | property	100,816
Initial cost to the Company, Land	$ 2,268,000
Initial cost to the Company, Building and Improvements	6,232,000
Subsequent cost capitalized	5,712,000
Gross carrying amount of Land	2,272,000
Gross carrying amount of building and improvements	11,940,000
SEC Schedule III, Real Estate, Gross, Total	14,212,000
Accumulated Depreciation	4,641,000
Amount of Encumbrance	$ 9,829,000
Swede Square [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	1,980
Swede Square [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	2,012
The Brickyard [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,004
Percent Owned	100.00%
Gross Leasable Area | property	227,193
Initial cost to the Company, Land	$ 7,632,000
Initial cost to the Company, Building and Improvements	29,308,000
Subsequent cost capitalized	2,620,000
Gross carrying amount of Land	7,648,000
Gross carrying amount of building and improvements	31,912,000
SEC Schedule III, Real Estate, Gross, Total	39,560,000
Accumulated Depreciation	$ 8,945,000
The Brickyard [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	1,990
The Brickyard [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	2,012
The Commons [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,004
Percent Owned	100.00%
Year built/Year last renovated	2,003
Gross Leasable Area | property	203,426
Initial cost to the Company, Land	$ 3,098,000
Initial cost to the Company, Building and Improvements	14,047,000
Subsequent cost capitalized	3,008,000
Gross carrying amount of Land	3,098,000
Gross carrying amount of building and improvements	17,055,000
SEC Schedule III, Real Estate, Gross, Total	20,153,000
Accumulated Depreciation	$ 5,884,000
The Point [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,000
Percent Owned	100.00%
Gross Leasable Area | property	268,037
Initial cost to the Company, Land	$ 2,700,000
Initial cost to the Company, Building and Improvements	10,800,000
Subsequent cost capitalized	14,719,000
Gross carrying amount of Land	2,996,000
Gross carrying amount of building and improvements	25,223,000
SEC Schedule III, Real Estate, Gross, Total	28,219,000
Accumulated Depreciation	8,595,000
Amount of Encumbrance	$ 28,488,000
The Point [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	1,972
The Point [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	2,012
The Shops at Suffolk Downs [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,005
Percent Owned	100.00%
Gross Leasable Area | property	121,320
Initial cost to the Company, Land	$ 7,580,000
Initial cost to the Company, Building and Improvements	11,089,000
Subsequent cost capitalized	9,518,000
Gross carrying amount of Land	7,580,000
Gross carrying amount of building and improvements	20,607,000
SEC Schedule III, Real Estate, Gross, Total	28,187,000
Accumulated Depreciation	$ 4,936,000
The Shops at Suffolk Downs [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	2,005
The Shops at Suffolk Downs [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	2,011
Timpany Plaza [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,007
Percent Owned	100.00%
Gross Leasable Area | property	183,775
Initial cost to the Company, Land	$ 3,412,000
Initial cost to the Company, Building and Improvements	19,240,000
Subsequent cost capitalized	1,410,000
Gross carrying amount of Land	3,368,000
Gross carrying amount of building and improvements	20,694,000
SEC Schedule III, Real Estate, Gross, Total	24,062,000
Accumulated Depreciation	$ 5,100,000
Timpany Plaza [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	1,970
Timpany Plaza [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	1,989
Trexler Mall [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,005
Percent Owned	100.00%
Gross Leasable Area | property	337,297
Initial cost to the Company, Land	$ 6,932,000
Initial cost to the Company, Building and Improvements	32,815,000
Subsequent cost capitalized	7,519,000
Gross carrying amount of Land	6,932,000
Gross carrying amount of building and improvements	40,334,000
SEC Schedule III, Real Estate, Gross, Total	47,266,000
Accumulated Depreciation	$ 10,895,000
Trexler Mall [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	1,973
Trexler Mall [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	2,013
Trexlertown Plaza [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,006
Percent Owned	100.00%
Gross Leasable Area | property	319,529
Initial cost to the Company, Land	$ 13,349,000
Initial cost to the Company, Building and Improvements	23,867,000
Subsequent cost capitalized	26,973,000
Gross carrying amount of Land	13,351,000
Gross carrying amount of building and improvements	50,838,000
SEC Schedule III, Real Estate, Gross, Total	64,189,000
Accumulated Depreciation	$ 8,475,000
Trexlertown Plaza [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	1,990
Trexlertown Plaza [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	2,011
Upland Square [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Percent Owned	100.00%
Year built/Year last renovated	2,009
Gross Leasable Area | property	398,098
Initial cost to the Company, Land	$ 28,187,000
Subsequent cost capitalized	68,409,000
Gross carrying amount of Land	25,783,000
Gross carrying amount of building and improvements	70,813,000
SEC Schedule III, Real Estate, Gross, Total	96,596,000
Accumulated Depreciation	$ 11,280,000
Upland Square [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,007
Upland Square [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,013
Valley Plaza [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,003
Percent Owned	100.00%
Gross Leasable Area | property	190,939
Initial cost to the Company, Land	$ 1,950,000
Initial cost to the Company, Building and Improvements	7,766,000
Subsequent cost capitalized	1,103,000
Gross carrying amount of Land	1,950,000
Gross carrying amount of building and improvements	8,869,000
SEC Schedule III, Real Estate, Gross, Total	10,819,000
Accumulated Depreciation	$ 2,990,000
Valley Plaza [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	1,975
Valley Plaza [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	1,994
Washington Center Shoppes [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,001
Percent Owned	100.00%
Gross Leasable Area | property	157,394
Initial cost to the Company, Land	$ 2,061,000
Initial cost to the Company, Building and Improvements	7,314,000
Subsequent cost capitalized	4,271,000
Gross carrying amount of Land	2,000,000
Gross carrying amount of building and improvements	11,646,000
SEC Schedule III, Real Estate, Gross, Total	13,646,000
Accumulated Depreciation	$ 4,464,000
Washington Center Shoppes [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	1,979
Washington Center Shoppes [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	1,995
Webster Plaza [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,007
Percent Owned	100.00%
Gross Leasable Area | property	101,824
Initial cost to the Company, Land	$ 3,551,000
Initial cost to the Company, Building and Improvements	18,412,000
Subsequent cost capitalized	(185,000)
Gross carrying amount of Land	4,082,000
Gross carrying amount of building and improvements	17,696,000
SEC Schedule III, Real Estate, Gross, Total	21,778,000
Accumulated Depreciation	$ 4,475,000
Webster Plaza [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	1,960
Webster Plaza [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	2,004
West Bridgewater Plaza [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,007
Percent Owned	100.00%
Gross Leasable Area | property	133,039
Initial cost to the Company, Land	$ 2,823,000
Initial cost to the Company, Building and Improvements	14,901,000
Subsequent cost capitalized	(809,000)
Gross carrying amount of Land	2,596,000
Gross carrying amount of building and improvements	14,319,000
SEC Schedule III, Real Estate, Gross, Total	16,915,000
Accumulated Depreciation	3,729,000
Amount of Encumbrance	$ 10,102,000
West Bridgewater Plaza [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	1,970
West Bridgewater Plaza [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	2,007
Yorktowne Plaza [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year acquired	2,007
Percent Owned	100.00%
Gross Leasable Area | property	158,982
Initial cost to the Company, Land	$ 5,940,000
Initial cost to the Company, Building and Improvements	25,505,000
Subsequent cost capitalized	457,000
Gross carrying amount of Land	5,801,000
Gross carrying amount of building and improvements	26,101,000
SEC Schedule III, Real Estate, Gross, Total	31,902,000
Accumulated Depreciation	$ 7,229,000
Yorktowne Plaza [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	1,970
Yorktowne Plaza [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Year built/Year last renovated	2,000
Land Parcels [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Percent Owned	100.00%
Initial cost to the Company, Land	$ 1,965,000
Subsequent cost capitalized	(944,000)
Gross carrying amount of Land	879,000
Gross carrying amount of building and improvements	142,000
SEC Schedule III, Real Estate, Gross, Total	$ 1,021,000
[1]	At December 31, 2015, the aggregate cost for federal income tax purposes was approximately $0.3 million less than the Company's recorded values.

Schedule III - Real Estate An81

Schedule III - Real Estate And Accumulated Depreciation (Changes In Real Estate And Accumulated Depreciation) (Details) - USD ($)		12 Months Ended
		Dec. 31, 2015		Dec. 31, 2014	Dec. 31, 2013
Real estate balance, beginning of the year		$ 1,476,173,000		$ 1,450,951,000	$ 1,423,979,000
Properties held for sale		(4,599,000)		(81,223,000)
Properties acquired		65,313,000		91,241,000	34,666,000
Properties sold					(1,351,000)
Impairments				(6,000)	(928,000)
Improvements and betterments		13,140,000		15,210,000	13,581,000
Write-off fully-depreciated assets					(18,996,000)
Real estate balance, end of the year		1,550,027,000	[1]	1,476,173,000	1,450,951,000
Accumulated depreciation balance, beginning of the year		267,211,000		251,605,000	229,535,000
Properties held for sale		(1,380,000)		(18,523,000)
Depreciation expense	[2]	35,001,000		34,129,000	41,066,000
Accumulated depreciation balance end of the year		300,832,000		267,211,000	251,605,000
Net book value		1,249,195,000		$ 1,208,962,000	$ 1,199,346,000
Difference between recorded cost of real estate and cost for federal tax purposes		$ 300,000
Minimum [Member]
Estimated useful life of buildings and improvements		3 years
Maximum [Member]
Estimated useful life of buildings and improvements		40 years
[1]	At December 31, 2015, the aggregate cost for federal income tax purposes was approximately $0.3 million less than the Company's recorded values.
[2]	Depreciation is provided over the estimated useful lives of the buildings and improvements, which range from 3 to 40 years.