RPT Realty (KIM+N) 10-K 18 Feb 21 2020 FY Annual report Financial data

Cover Page

Cover Page - USD ($)	12 Months Ended
	Dec. 31, 2020	Feb. 12, 2021	Jun. 30, 2020
Entity Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2020
Document Transition Report	false
Entity File Number	1-10093
Entity Registrant Name	RPT Realty
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	13-6908486
Entity Address, Address Line One	19 W 44th Street,
Entity Address, Address Line Two	Suite 1002
Entity Address, City or Town	New York,
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10036
City Area Code	212
Local Phone Number	221-1261
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 555,716,968
Entity Common Stock, Shares Outstanding		81,224,532
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Entity Central Index Key	0000842183
Current Fiscal Year End Date	--12-31
Documents Incorporated by Reference	Portions of the proxy statement for the annual meeting of shareholders to be held in 2021 are incorporated by reference into Part III.
Common Shares
Entity Information [Line Items]
Title of 12(b) Security	Common Shares of Beneficial Interest, ($0.01 Par Value Per Share)
Trading Symbol	RPT
Security Exchange Name	NYSE
Series D Preferred Shares
Entity Information [Line Items]
Title of 12(b) Security	7.25% Series D Cumulative Convertible Perpetual Preferred
Trading Symbol	RPT.PRD
Security Exchange Name	NYSE

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Income producing properties, at cost:
Land	$ 330,763	$ 331,265
Buildings and improvements	1,489,997	1,486,838
Less accumulated depreciation and amortization	(392,301)	(352,006)
Income producing properties, net	1,428,459	1,466,097
Construction in progress and land available for development	34,789	42,279
Net real estate	1,463,248	1,508,376
Equity investments in unconsolidated joint ventures	126,333	130,321
Cash and cash equivalents	208,887	110,259
Restricted cash and escrows	2,597	4,293
Accounts receivable, net	26,571	24,974
Acquired lease intangibles, net	26,354	34,278
Operating lease right-of-use assets	18,585	19,222
Other assets, net	77,465	86,836
TOTAL ASSETS	1,950,040	1,918,559
LIABILITIES AND SHAREHOLDERS' EQUITY
Notes payable, net	1,027,751	930,808
Finance lease obligation	875	926
Accounts payable and accrued expenses	45,292	55,360
Distributions payable	1,723	19,792
Acquired lease intangibles, net	35,283	38,898
Operating lease liabilities	17,819	18,181
Other liabilities	19,928	6,339
TOTAL LIABILITIES	1,148,671	1,070,304
Commitments and Contingencies
RPT Realty ("RPT") Shareholders' Equity:
Preferred shares of beneficial interest, $0.01 par, 2,000 shares authorized: 7.25% Series D Cumulative Convertible Perpetual Preferred Shares, (stated at liquidation preference $50 per share), 1,849 shares issued and outstanding as of December 31, 2020 and 2019, respectively	92,427	92,427
Common shares of beneficial interest, $0.01 par, 240,000 and 120,000 shares authorized as of December 31, 2020 and 2019, respectively, and 80,055 and 79,850 shares issued and outstanding as of December 31, 2020 and 2019, respectively	801	798
Additional paid-in capital	1,174,315	1,169,557
Accumulated distributions in excess of net (loss) income	(471,017)	(436,361)
Accumulated other comprehensive (loss) income	(14,132)	1,819
TOTAL SHAREHOLDERS' EQUITY ATTRIBUTABLE TO RPT	782,394	828,240
Noncontrolling interest	18,975	20,015
TOTAL SHAREHOLDERS' EQUITY	801,369	848,255
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 1,950,040	$ 1,918,559

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Preferred shares, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred shares, shares authorized (in shares)	2,000,000	2,000,000
Common shares of beneficial interest, par value, (in dollars per share)	$ 0.01	$ 0.01
Common shares of beneficial interest, shares authorized (in shares)	240,000,000	120,000,000
Common shares of beneficial interest, shares issued (in shares)	80,055,000	79,850,000
Common shares of beneficial interest, shares outstanding (in shares)	80,055,000	79,850,000
Series D Preferred Shares
Preferred shares, par value (in dollars per share)	$ 0.01	$ 0.01
Cumulative convertible perpetual preferred shares, dividend rate percentage	7.25%	7.25%
Cumulative convertible perpetual preferred shares, liquidation preference (in dollars per share)	$ 50	$ 50
Cumulative convertible perpetual preferred shares, shares issued (in shares)	1,848,539	1,848,539
Cumulative convertible perpetual preferred shares, shares outstanding (in shares)	1,849,000	1,849,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
REVENUE
TOTAL REVENUE	$ 191,712	$ 234,088	$ 260,622
EXPENSES
Real estate taxes	33,086	35,961	42,306
Recoverable operating expense	21,915	25,256	26,177
Other non-recoverable operating expense	8,962	10,292	7,286
Depreciation and amortization	77,213	78,647	87,327
Transaction costs	186	0	233
General and administrative expense	25,801	27,634	31,383
Provision for impairment	598	0	13,650
Insured expenses, net	(2,745)	2,276	0
TOTAL EXPENSES	165,016	180,066	208,362
OPERATING INCOME	26,696	54,022	52,260
OTHER INCOME AND EXPENSES
Other income (expense), net	214	(203)	(244)
Gain on sale of real estate	318	81,856	3,994
Earnings from unconsolidated joint ventures	1,590	581	589
Interest expense	(39,317)	(40,057)	(43,439)
Other gain on unconsolidated joint ventures	0	237	5,208
Loss on extinguishment of debt	0	(2,571)	(134)
NET (LOSS) INCOME BEFORE TAX	(10,499)	93,865	18,234
Income tax benefit (provision)	25	(179)	(198)
NET (LOSS) INCOME	(10,474)	93,686	18,036
Net loss (income) attributable to noncontrolling interest	241	(2,175)	(417)
NET (LOSS) INCOME ATTRIBUTABLE TO RPT	(10,233)	91,511	17,619
Preferred share dividends	(6,701)	(6,701)	(6,701)
NET (LOSS) INCOME AVAILABLE TO COMMON SHAREHOLDERS	$ (16,934)	$ 84,810	$ 10,918
(LOSS) EARNINGS PER COMMON SHARE
Basic (in dollars per share)	$ (0.21)	$ 1.06	$ 0.13
Diluted (in dollars per share)	$ (0.21)	$ 1.04	$ 0.13
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
Basic (in shares)	79,998	79,802	79,592
Diluted (in shares)	79,998	87,722	80,088
Other comprehensive (loss) gain:
(Loss) gain on interest rate swaps	$ (16,330)	$ (2,253)
(Loss) gain on interest rate swaps			$ 1,190
Comprehensive (loss) income	(26,804)	91,433	19,226
Comprehensive loss (income) attributable to noncontrolling interest	620	(2,123)	(445)
COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO RPT	(26,184)	89,310	18,781
Rental income
REVENUE
TOTAL REVENUE	187,151	229,588	256,531
Other property income
REVENUE
TOTAL REVENUE	3,166	4,270	3,837
Management and other fee income
REVENUE
TOTAL REVENUE	$ 1,395	$ 230	$ 254

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Preferred Shares	Common Shares	Additional Paid-in Capital	Accumulated Distributions in Excess of Net Income	Accumulated Distributions in Excess of Net IncomeCumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive (Loss) Income	Noncontrolling Interest	Noncontrolling InterestCumulative Effect, Period of Adoption, Adjustment
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201602Member
Beginning Balance at Dec. 31, 2017	$ 885,169	$ 2,160	$ 92,427	$ 794	$ 1,160,862	$ (392,619)	$ 2,109	$ 2,858	$ 20,847	$ 51
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common shares, net of costs	(39)				(39)
Redemption of OP Unit holders	(97)					(18)			(79)
Share-based compensation, net of shares withheld for employee taxes	4,028			3	4,025
Dividends declared to common shareholders	(70,060)					(70,060)
Dividends declared to preferred shareholders	(6,701)					(6,701)
Distributions declared to noncontrolling interests	(1,683)								(1,683)
Dividends declared to deferred shares	(460)					(460)
Other comprehensive income adjustment	1,190							1,162	28
Net (loss) income	18,036					17,619			417
Ending Balance at Dec. 31, 2018	831,543	$ (333)	92,427	797	1,164,848	(450,130)	$ (325)	4,020	19,581	$ (8)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common shares, net of costs	(96)				(96)
Share-based compensation, net of shares withheld for employee taxes	4,806			1	4,805
Dividends declared to common shareholders	(70,237)					(70,237)
Dividends declared to preferred shareholders	(6,701)					(6,701)
Distributions declared to noncontrolling interests	(1,681)								(1,681)
Dividends declared to deferred shares	(479)					(479)
Other comprehensive loss adjustment	(2,253)							(2,201)	(52)
Net (loss) income	93,686					91,511			2,175
Ending Balance at Dec. 31, 2019	848,255		92,427	798	1,169,557	(436,361)		1,819	20,015
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common shares, net of costs	(385)				(385)
Share-based compensation, net of shares withheld for employee taxes	5,146			3	5,143
Dividends declared to common shareholders	(17,586)					(17,586)
Dividends declared to preferred shareholders	(6,701)					(6,701)
Distributions declared to noncontrolling interests	(420)								(420)
Dividends declared to deferred shares	(136)					(136)
Other comprehensive loss adjustment	(16,330)							(15,951)	(379)
Net (loss) income	(10,474)					(10,233)			(241)
Ending Balance at Dec. 31, 2020	$ 801,369		$ 92,427	$ 801	$ 1,174,315	$ (471,017)		$ (14,132)	$ 18,975

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
OPERATING ACTIVITIES
Net (loss) income	$ (10,474)	$ 93,686	$ 18,036
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	77,213	78,647	87,327
Amortization of deferred financing fees	1,435	1,419	1,503
Income tax (benefit) provision	(25)	179	198
Earnings from unconsolidated joint ventures	(1,590)	(581)	(589)
Distributions received from operations of unconsolidated joint ventures	5,603	231	546
Provision for impairment	598	0	13,650
Loss on extinguishment of debt	0	2,571	134
Other gain on unconsolidated joint ventures	0	(237)	(5,208)
Gain on sale of real estate	(318)	(81,856)	(3,994)
Insured expenses, net	(2,745)	2,276	0
Amortization of acquired above and below market lease intangibles, net	(2,903)	(6,762)	(9,880)
Amortization of premium on mortgages and notes payable, net	(892)	(953)	(1,019)
Service-based restricted share expense	3,742	3,493	4,673
Long-term incentive cash and equity compensation expense	2,598	3,045	2,003
Changes in assets and liabilities, net of effect of acquisitions and dispositions:
Accounts receivable, net	(1,647)	(637)	2,390
Other assets, net	2,458	(1,756)	(2,979)
Accounts payable and other liabilities	(9,994)	(2,172)	(469)
Net cash provided by operating activities	63,059	90,593	106,322
INVESTING ACTIVITIES
Acquisitions of real estate	0	(33,922)	(6,365)
Development and capital improvements	(17,927)	(55,842)	(77,173)
Capital improvements covered by insurance	(5,197)	(759)	0
Net proceeds from sales of real estate	1,318	185,221	116,492
Insurance proceeds from insured expenses	2,888	3,150	0
Distributions from sale of joint venture property	0	1,985	6,308
(Investment in) proceeds from equity interests in unconsolidated joint ventures	(11)	(4,738)	3,000
Net cash (used in) provided by investing activities	(18,929)	95,095	42,262
FINANCING ACTIVITIES
Proceeds on notes payable	0	300,000	0
Repayment of mortgages and notes payable	(2,327)	(330,678)	(5,810)
Proceeds on revolving credit facility	225,000	19,400	90,000
Repayments on revolving credit facility	(125,000)	(19,400)	(120,000)
Payment of debt extinguishment costs	0	(1,401)	(134)
Payment of deferred financing costs	(567)	(3,992)	0
Proceeds from issuance of common shares, net of costs	(385)	(96)	(39)
Repayment of finance lease obligation	(51)	(49)	(47)
Redemption of operating partnership units for cash	0	0	(97)
Shares used for employee taxes upon vesting of awards	(956)	(608)	(1,784)
Dividends paid to preferred shareholders	(6,701)	(6,701)	(6,701)
Dividends paid to common shareholders	(35,371)	(70,652)	(70,458)
Distributions paid to operating partnership unit holders	(840)	(1,681)	(1,683)
Net cash provided by (used in) financing activities	52,802	(115,858)	(116,753)
Net change in cash, cash equivalents and restricted cash	96,932	69,830	31,831
Cash, cash equivalents and restricted cash at beginning of period	114,552	44,722	12,891
Cash, cash equivalents and restricted cash at end of period	211,484	114,552	44,722
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITY
Deferred gain on real estate sold to unconsolidated joint venture	0	0	2,160
Contribution of real estate exchanged for an equity investment in unconsolidated joint venture	0	125,660	0
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash paid for interest (net of capitalized interest of $2, $134 and $782, respectively)	38,585	40,800	43,943
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	0	2,191	0
Reconciliation of cash, cash equivalents and restricted cash and escrows
Cash, cash equivalents restricted cash and restricted cash equivalents	$ 114,552	$ 114,552	$ 12,891

CONSOLIDATED STATEMENTS OF CA_2

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Statement of Cash Flows [Abstract]
Net of capitalized interest	$ 2	$ 134	$ 782

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Organization and Summary of Significant Accounting Policies	Organization and Summary of Significant Accounting Policies RPT Realty, together with our subsidiaries (the “Company” or “RPT”), is a real estate investment trust (“REIT”) engaged in the business of owning and operating a national portfolio of open-air shopping destinations principally located in the top U.S. markets. The Company's shopping centers offer diverse, locally-curated consumer experiences that reflect the lifestyles of their surrounding communities and meet the modern expectations of the Company's retail partners. The Company is a fully integrated and self-administered REIT publicly traded on the New York Stock Exchange (“NYSE”). The common shares of beneficial interest of the Company, par value $0.01 per share (the “common share”), are listed and traded on the NYSE under the ticker symbol “RPT”. As of December 31, 2020, the Company's portfolio consisted of 49 shopping centers (including five shopping centers owned through a joint venture) representing 11.9 million square feet of gross leaseable area (“GLA”). We also have ownership interests of 7%, 30%, and 51.5%, respectively, in three joint ventures, one of which owns five shopping centers and two of which have no significant activity. Our joint ventures are reported using equity method accounting. We earn fees from certain joint ventures for managing, construction management, leasing and redeveloping the shopping centers they own. We also own interests in several land parcels that are available for development. Most of our properties are anchored by supermarkets and/or national chain stores. We made an election to qualify as a REIT for federal income tax purposes. Accordingly, we generally will not be subject to federal income tax, provided that we annually distribute at least 90% of our taxable income to our shareholders and meet other conditions. Principles of Consolidation The consolidated financial statements include the accounts of us and our majority owned subsidiary, RPT Realty, L.P., a Delaware limited partnership (the “Operating Partnership” which was 97.7% owned by us at December 31, 2020, 2019 and 2018), and all wholly-owned subsidiaries, including entities in which we have a controlling interest or have been determined to be the primary beneficiary of a variable interest entity (“VIE”). The presentation of consolidated financial statements does not itself imply that assets of any consolidated entity (including any special-purpose entity formed for a particular project) are available to pay the liabilities of any other consolidated entity, or that the liabilities of any other consolidated entity (including any special-purpose entity formed for a particular project) are obligations of any other consolidated entity. Investments in real estate joint ventures over which we have the ability to exercise significant influence, but for which we do not have financial or operating control, are accounted for using the equity method of accounting. Accordingly, our share of the earnings (loss) of these joint ventures is included in consolidated net income (loss). All intercompany transactions and balances are eliminated in consolidation. We own 100% of the non-voting and voting common stock of RPT Realty, Inc., and therefore it is included in the consolidated financial statements. RPT Realty, Inc. has elected to be a taxable REIT subsidiary for federal income tax purposes. RPT Realty, Inc. provides property management services to us and to other entities, including certain real estate joint venture partners. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires our management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and reported amounts that are not readily apparent from other sources. The Company considered impacts to its estimates related to the current pandemic of the novel coronavirus disease (“COVID-19”) as appropriate, within its consolidated financial statements and there may be changes to those estimates in future periods. The Company believes that its accounting estimates are appropriate after giving consideration to the increased uncertainties surrounding the severity and duration of the COVID-19 pandemic. Actual results could differ from those estimates. Reclassifications Certain reclassifications of prior period amounts have been made in the consolidated financial statements and footnotes in order to conform to the current presentation. Revenue Recognition and Accounts Receivable Our shopping center space is generally leased to retail tenants under leases that are classified as operating leases. We recognize minimum rents using the straight-line method over the terms of the leases commencing when the tenant takes possession of the space or when construction of landlord funded improvements is substantially complete. Certain of the leases also provide for contingent percentage rental income which is recorded on an accrual basis once the specified target that triggers this type of income is achieved. The leases also provide for reimbursement from tenants for common area maintenance, insurance, real estate taxes and other operating expenses (“recovery income”). The majority of our recovery income is estimated and recognized as revenue in the period the recoverable costs are incurred or accrued. Revenues from management, leasing, and other fees are recognized in the period in which the services have been provided and the earnings process is complete. Lease termination income is recognized when a lease termination agreement is executed by the parties and the tenant vacates the space. When a lease is terminated early but the tenant continues to control the space under a modified lease agreement, the lease termination fee is generally recognized evenly over the remaining term of the modified lease agreement. Current accounts receivable from tenants primarily relate to contractual minimum rent, percentage rent and recovery income. In accordance with ASC 842, income from operating leases is recognized on a straight-line basis over the expected term of the lease for all leases for which collectibility is considered probable at the commencement date. We monitor the collectability of our accounts receivable from specific tenants on an ongoing basis, analyze historical experience, tenant creditworthiness, current economic trends and changes in tenant payment terms when evaluating the likelihood of tenant payment. For operating leases in which collectibility of rental income is not considered probable, rental income is recognized on the lesser of cash or accrual basis, and allowances are taken for those balances that we have reason to believe may be uncollectible in the period it is determined not to be probable of collection. When tenants are in bankruptcy, we make estimates of the expected recovery of pre-petition and post-petition claims. The period to resolve these claims can exceed one year. Management believes the allowance for doubtful accounts is adequate to absorb currently estimated rental income not probable of collection. However, if we experience actual activity in excess of the allowance we have established, our operating income would be reduced. At December 31, 2020 and 2019, our accounts receivable were $26.6 million and $25.0 million, respectively, net of allowances for doubtful accounts of $13.0 million and $1.0 million, respectively. The increase in the allowance for doubtful accounts during the current year is primarily attributable to increased uncertainty regarding the collectibility of certain tenant receivables due to the economic impact of the COVID-19 pandemic. In addition, many of our leases contain non-contingent rent escalations for which we recognize income on a straight-line basis over the non-cancelable lease term. This method results in rental income in the early years of a lease being higher than actual cash received, creating a straight-line rent receivable asset which is included in the “Other assets, net” line item in our consolidated balance sheets. We review our unbilled straight-line rent receivable balance to determine the future collectability of revenue that will not be billed to or collected from tenants due to early lease terminations, lease modifications, bankruptcies and other factors. Our evaluation is based on our assessment of tenant credit risk changes indicating that expected future straight-line rent may not be realized. Depending on circumstances, we may provide a reserve against the previously recognized straight-line rent receivable asset for a portion, up to its full value, that we estimate may not be received. The balance of straight-line rent receivable at December 31, 2020 and 2019, net of allowances of $4.1 million and $1.8 million, respectively, was $17.6 million and $19.6 million, respectively. To the extent any of the tenants under these leases become unable to pay its contractual cash rents, we may be required to write down the straight-line rent receivable from that tenant, which would reduce our operating income. The increase in the straight-line rent receivable allowance during the current year is primarily attributable to increased uncertainty regarding the collectibility of certain tenant receivables due to the economic impact of the COVID-19 pandemic. Real Estate Real estate assets that we own directly are stated at cost less accumulated depreciation. Depreciation is computed using the straight-line method. The estimated useful lives for computing depreciation are generally 10 – 40 years for buildings and improvements and 5 – 30 years for parking lot surfacing and equipment. We capitalize all capital improvement expenditures associated with replacements and improvements to real property that extend the property's useful life and depreciate them over their estimated useful lives ranging from 15 – 25 years. In addition, we capitalize qualifying tenant leasehold improvements and depreciate them over the lesser of the useful life of the improvements or the term of the related tenant lease. We also capitalize direct internal and external costs of procuring leases and amortize them over the base term of the lease. If a tenant vacates before the expiration of its lease, we charge unamortized leasing costs and undepreciated tenant leasehold improvements of no future value to expense. We charge maintenance and repair costs that do not extend an asset’s life to expense as incurred. Sale of a real estate asset is recognized when it is determined that the sale has been consummated, the buyer’s initial and continuing investment is adequate, our receivable, if any, is not subject to future subordination, and the buyer has assumed the usual risks and rewards of ownership of the asset. We will classify properties as held for sale when executed purchase and sales agreement contingencies have been satisfied thereby signifying that the sale is legally binding. Acquisitions of properties are accounted for utilizing the acquisition method and, accordingly, the results of operations of an acquired property are included in our results of operations from the date of acquisition. Estimates of fair values are based upon future cash flows and other valuation techniques in accordance with our fair value measurements policy, which are used to allocate the purchase price of acquired property among land, buildings on an “as if vacant” basis, tenant improvements, identifiable intangibles and any gain on purchase. Identifiable intangible assets and liabilities include the effect of above-and below-market leases, the value of having leases in place (“as-is” versus “as if vacant” and absorption costs), other intangible assets such as assumed tax increment revenue bonds and out-of-market assumed mortgages. Depreciation and amortization are computed using the straight-line method over the estimated useful lives of 40 years for buildings, and over the remaining terms of any intangible asset contracts and the respective tenant leases, which may include bargain renewal options. The impact of these estimates, including estimates in connection with acquisition values and estimated useful lives, could result in significant differences related to the purchased assets, liabilities and subsequent depreciation or amortization expense. Real estate also includes costs incurred in the development of new operating properties and the redevelopment of existing operating properties. These properties are carried at cost and no depreciation is recorded on these assets until the commencement of rental revenue or no later than one year from the completion of major construction. These costs include pre-development costs directly identifiable with the specific project, development and construction costs, interest, real estate taxes and insurance. Interest is capitalized on land under development and buildings under construction based on the weighted average rate applicable to our borrowings outstanding during the period and the weighted average balance of qualified assets under development/redevelopment during the period. Indirect project costs associated with development or construction of a real estate project are capitalized until the earlier of one year following substantial completion of construction or when the property becomes available for occupancy. The capitalized costs associated with development and redevelopment projects are depreciated over the useful life of the improvements. If we determine a development or redevelopment project is no longer probable, we expense all capitalized costs which are not recoverable. It is our policy to start vertical construction on new development projects only after the project has received entitlements, significant anchor leasing commitments, construction financing and joint venture partner commitments, if appropriate. We are in the entitlement and pre-leasing phases at our development projects. Accounting for the Impairment of Long-Lived Assets We review our investment in real estate, including any related intangible assets, for impairment on a property-by-property basis whenever events or changes in circumstances indicate that the carrying value of the property may not be recoverable. These changes in circumstances include, but are not limited to, changes in occupancy, rental rates, net operating income, real estate values and expected holding period. The viability of all projects under construction or development, including those owned by unconsolidated joint ventures, is regularly evaluated under applicable accounting requirements, including requirements relating to abandonment of assets or changes in use. To the extent a project, or individual components of the project, is no longer considered to have value, the related capitalized costs are charged against operations. Impairment provisions resulting from any event or change in circumstances, including changes in management’s intentions or management’s analysis of varying scenarios, could be material to our consolidated financial statements. We recognize an impairment of an investment in real estate when the estimated undiscounted cash flow is less than the net carrying value of the property. If it is determined that an investment in real estate is impaired, then the carrying value is reduced to the estimated fair value as determined by cash flow models and discount rates or comparable sales in accordance with our fair value measurement policy. In 2020, we recorded a $0.6 million impairment provision related to developable land. The adjustment related to changes in the expected use and changes in associated sales price assumptions related to land held for development. Investments in Real Estate Joint Ventures We have three equity investments in unconsolidated joint venture entities in which we own 51.5% or less of the total ownership interest, one of which owns five shopping centers and two of which have no significant activity. Under all of our joint ventures, because we can influence but not make significant decisions without our partners' approval, these investments are accounted for under the equity method of accounting. We provide leasing, construction, development, asset and property management services to these joint ventures for which we are paid fees. We review our equity investments in unconsolidated entities for impairment on a venture-by-venture basis whenever events or changes in circumstances indicate that the carrying value of the equity investment may not be recoverable. In testing for impairment of these equity investments, we primarily use cash flow models, discount rates, and capitalization rates to estimate the fair value of properties held in joint ventures, and mark the debt of the joint ventures to market. Considerable judgment by management is applied when determining whether an equity investment in an unconsolidated entity is impaired and, if so, the amount of the impairment. Changes to assumptions regarding cash flows, discount rates or capitalization rates could be material to our consolidated financial statements. There were no impairment provisions on our equity investments in joint ventures recorded in 2020, 2019 or 2018. Deferred Financing Costs Debt issuance costs related to a recognized debt liability is presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. Unamortized debt issuance costs of $3.6 million and $3.8 million are included in Notes payable, net as of December 31, 2020 and 2019, respectively. Debt issuance costs associated with a line of credit arrangement is classified as an asset and subsequently amortized ratably over the term of the line of credit arrangement, regardless of whether there are any outstanding borrowings on the line of credit arrangement. Unamortized debt issuance costs related to our unsecured revolving credit facility of $2.0 million and $2.7 million are included in Other assets, net as of December 31, 2020 and 2019, respectively. Other Assets, net Other assets consist primarily of acquired development agreement intangibles, straight-line rent receivable, deferred leasing costs, deferred financing costs related to our unsecured revolving credit facility and prepaid expenses. Deferred financing costs related to our unsecured revolving credit facility and leasing costs are amortized using the straight-line method over the terms of the respective agreements, which approximates the effective interest method. Should a tenant terminate its lease, the unamortized portion of the leasing cost is expensed. Unamortized deferred financing costs are expensed when the related agreements are terminated before their scheduled maturity dates. Lastly, the acquired development agreements are amortized over the terms of the respective agreements. Cash and Cash Equivalents We consider all highly liquid investments with an original maturity of three months or less to be cash equivalents. Cash balances in individual banks may exceed the federally insured limit by the Federal Deposit Insurance Corporation (the “FDIC”). As of December 31, 2020, we had $209.2 million in excess of the FDIC insured limit. Recognition of Share-based Compensation Expense We grant share-based compensation awards to employees and trustees in the form of restricted common shares and cash and equity settled awards, and in the past, we have granted stock options to employees and trustees. Our share-based award costs are equal to each grant date fair value and are recognized over the service periods of the awards using the graded vesting method. We recognize forfeitures related to stock awards and stock options as they occur. See Note 15 of these notes to the consolidated financial statements for further information regarding our share based compensation. Income Tax Status We made an election, and believe our operating activities permit us to qualify as a REIT for federal income tax purposes. Accordingly, we generally will not be subject to federal income tax, provided that we distribute at least 90% of our taxable income annually to our shareholders and meet other conditions. We are obligated to pay state taxes, generally consisting of franchise or gross receipts taxes in certain states which are not material to our consolidated financial statements. Certain of our operations, including property and asset management, as well as ownership of certain land parcels, are conducted through taxable REIT subsidiaries, (“TRSs”) which are subject to federal and state income taxes. During the years ended December 31, 2020, 2019, and 2018, we sold various properties and land parcels at a gain, resulting in both a federal and state tax liability. See Note 16 of the notes to the consolidated financial statements in this report for further information regarding income taxes. Variable Interest Entities (“VIE”) Certain entities that do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support from other parties or in which equity investors do not have the characteristics of a controlling financial interest qualify as VIEs. VIEs are required to be consolidated by their primary beneficiary. The primary beneficiary of a VIE has both (i) the power to direct the activities that most significantly impact economic performance of the VIE, and (ii) the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE. We have evaluated our investments in joint ventures and determined that our joint ventures do not meet the requirements of a VIE and, therefore, consolidation of these ventures is not required. Noncontrolling Interest in Subsidiaries There are third parties who have certain noncontrolling interests in the Operating Partnership that are exchangeable for our common shares on a 1:1 basis or cash, at our election. Noncontrolling interest is classified as a separate component of equity outside of the permanent equity section of our consolidated balance sheets. Consolidated net income and comprehensive income includes the noncontrolling interest’s share. The calculation of earnings per share is based on income available to common shareholders. Segment Information Our primary business is the ownership, management, redevelopment, development and operation of retail shopping centers. We do not distinguish our primary business or group our operations on a geographical basis for purposes of measuring performance. We review operating and financial data for each property on an individual basis and define an operating segment as an individual property. The individual properties have been aggregated into one reportable segment based upon their similarities with regard to both the nature and economics of the centers, tenants and operational processes, as well as long-term financial performance. No one individual property constitutes more than 10% of our revenue or property operating income and none of our shopping centers is located outside the United States. Accordingly, we have a single reportable segment for disclosure purposes. Significant Risks and Uncertainties One of the most significant risks and uncertainties is the potential adverse effect of COVID-19. On February 28, 2020, the World Health Organization (“WHO”) raised its assessment of the COVID-19 threat from high to very high at a global level due to the continued increase in the number of cases and affected countries, and on March 11, 2020, the WHO characterized COVID-19 as a pandemic. On March 13, 2020, the United States declared a national emergency with respect to COVID-19. As a result of COVID-19, we have received numerous rent relief requests, most often in the form of rent deferrals. We have evaluated, and continue to evaluate, each tenant rent relief request on an individual basis, considering a number of factors. While the Company is unable at this time to reasonably estimate the impact that COVID-19 will continue to have on our business, financial position and operating results in future periods due to numerous uncertainties, the Company is closely monitoring the impact of the pandemic on all aspects of its business. A number of our tenants have closed their stores for a period of time as a result of COVID-19 and have requested rent relief, most often in the form of rent deferral, which the Company evaluates on a case-by-case basis. The COVID-19 pandemic has had and will likely to continue to have, repercussions across local, national and global economies and financial markets, including a potential global recession. COVID-19 may continue to have material and adverse effects on our financial condition, results of operations and cash flows in the near term due to, but not limited to, the following: • Reduced economic activity severely impacting our tenants' businesses, financial condition and liquidity and may cause tenants to be unable to fully meet their obligations to us or to otherwise seek modifications of such obligations, resulting in increases in uncollectible receivables and reductions in rental income; • The negative financial impact of COVID-19 could impact our future compliance with financial covenants of our credit agreement and other debt agreements, and as a result, our lenders may require us to accelerate the timing of payments which would have a material adverse effect on our business, operations, financial condition and liquidity, unless we obtain waivers or modifications from our lenders; and • Weaker economic conditions could cause us to recognize impairment in the value of our tangible and intangible assets based on the Company's reasonable assessment. The extent to which COVID-19 impacts our operations and those of our tenants will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the scope, severity and duration of the pandemic, the actions taken to contain the pandemic or mitigate its impact, and the direct and indirect economic effects of the pandemic and containment measures, among others. As such, we are unable to predict the impact that it ultimately will have on its financial condition, results of operations and cash flows.

Recently Issued Accounting Pron

Recently Issued Accounting Pronouncements	12 Months Ended
	Dec. 31, 2020
Accounting Changes and Error Corrections [Abstract]
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements Recently Adopted Accounting Pronouncements In April 2020, the FASB issued a staff question-and-answer (“Q&A”) document focused on the application of the lease guidance in ASC 842, Leases, for lease concessions related to the effects of the COVID-19 pandemic. Included in this Q&A, the FASB staff determined that it would be acceptable for entities to make an election to account for lease concessions related to the effects of the COVID-19 pandemic consistent with how those concessions would be accounted for under Topic 842 and Topic 840 as though enforceable rights and obligations for those concessions existed (regardless of whether those enforceable rights and obligations for the concessions explicitly exist in the contract). Consequently, for concessions related to the effects of the COVID-19 pandemic, an entity will not have to analyze each contract to determine whether enforceable rights and obligations for concessions exist in the contract and can elect to apply or not apply the lease modification guidance in Topic 842 and Topic 840 to those contracts. The FASB also acknowledged that some concessions will provide a deferral of payments with no substantive changes to the consideration in the original contract. The FASB indicated that a deferral affects the timing, but the amount of the consideration is substantially the same as that required by the original contract. The staff expects that there will be multiple ways to account for those deferrals, none of which the staff believes is more preferable than the others. Two of those methods are: • Account for the concessions as if no changes to the lease contract were made. Under that accounting, a lessor would increase its lease receivable, and a lessee would increase its accounts payable as receivables/payments accrue. In its income statement, a lessor would continue to recognize income, and a lessee would continue to recognize expense during the deferral period. • Account for the deferred payments as variable lease payments. In cases where we have granted a deferral for future periods as a result of COVID-19, we have accounted for the concessions as if no changes to the lease contract were made. Under that accounting, we have increased our lease receivable as the receivables have accrued. In our statement of operations, we have continued to recognize income during the deferral period to the extent that we believe collection of that income is probable.

Real Estate

Real Estate	12 Months Ended
	Dec. 31, 2020
Real Estate [Abstract]
Real Estate	Real Estate Included in our net real estate are income producing shopping center properties that are recorded at cost less accumulated depreciation and amortization, construction in process and land available for development. Following is the detail of the construction in progress and land available for development as of December 31, 2020 and 2019: December 31, 2020 2019 (In thousands) Construction in progress $ 8,608 $ 13,777 Land available for development 26,181 28,502 Total $ 34,789 $ 42,279 Construction in progress represents existing development, redevelopment and tenant build-out projects. When projects are substantially complete and ready for their intended use, balances are transferred to land or building and improvements as appropriate.

Property Acquisitions and Dispo

Property Acquisitions and Dispositions	12 Months Ended
	Dec. 31, 2020
Business Combinations [Abstract]
Property Acquisitions and Dispositions	Property Acquisitions and Dispositions Acquisitions The following table provides a summary of our acquisitions during 2020 and 2019: Gross Property Name Location GLA Acreage Date Acquired Purchase Price Assumed Debt (In thousands) (In thousands) 2020 None 2019 Lakehills Plaza Austin, TX 76 N/A 12/06/19 $ 33,922 $ — Total acquisitions 76 — $ 33,922 $ — The total aggregate fair value of the acquisitions was allocated and is reflected in the following table in accordance with accounting guidance for business combinations. At the time of acquisition, these assets and liabilities were considered Level 3 fair value measurements: December 31, 2019 (In thousands) Land $ 17,987 Buildings and improvements 12,828 Above market leases 223 Lease origination costs 3,235 Other liabilities — Below market leases (351) Net assets acquired $ 33,922 Unaudited Proforma Information If the 2019 acquisition had occurred on January 1, 2019, our consolidated revenues and net income for the years ended December 31, 2020 and 2019 would have been as follows: Year Ended December 31, 2020 2019 (in thousands) Consolidated revenue $ 191,712 $ 236,533 Consolidated net income available to common shareholders $ (16,934) $ 85,377 Dispositions The following table provides a summary of our disposition activity during 2020 and 2019: Gross Property Name Location GLA Acreage Date Sold Sales Gain (loss) on Sale (In thousands) (In thousands) 2020 None Total income producing dispositions — — $ — $ — Stonegate Land Parcel Kingsport, TN — 14.5 12/22/20 $ 550 $ — Spring Meadows - Outlot Springfield Twp, OH — 1.2 12/23/20 875 318 Total outparcel dispositions — 15.7 $ 1,425 $ 318 Total dispositions — 15.7 $ 1,425 $ 318 2019 East Town Plaza Madison, WI 217 N/A 02/20/19 $ 13,500 $ 1,169 The Shoppes at Fox River Waukesha, WI 332 N/A 03/06/19 55,000 4,533 R2G Venture - 5 Income Producing Properties (1) FL, MI & MO 777 N/A 12/10/19 244,000 75,783 Total income producing dispositions 1,326 — $ 312,500 $ 81,485 Hartland - Outparcel Hartland, MI N/A 1.1 06/28/19 $ 875 $ 371 Total outparcel dispositions — 1.1 $ 875 $ 371 Total dispositions 1,326 1.1 $ 313,375 $ 81,856 (1) We contributed five previously wholly-owned properties to the newly formed joint venture, R2G Venture LLC. Refer to Note 6 of these notes to the consolidated financial statements for additional information.

Impairment Provisions

Impairment Provisions	12 Months Ended
	Dec. 31, 2020
Real Estate [Abstract]
Impairment Provisions	Impairment Provisions We established provisions for impairment for the following consolidated assets: Year Ended December 31, 2020 2019 2018 (In thousands) Land available for development $ 598 $ — $ 216 Income producing properties marketed for sale — — 13,434 Total $ 598 $ — $ 13,650 During 2020, changes in the expected use and changes in associated sales price assumptions related to land held for development resulted in an impairment provision of $0.6 million. During 2018, the Company's decision to market for potential sale certain wholly-owned income producing properties resulted in an impairment provision of $13.4 million. The adjustment was triggered by changes in the associated market prices and expected hold period assumptions related to these shopping centers. During 2018, changes in the expected use and changes in associated sales price assumptions related to land held for development resulted in an impairment provision of $0.2 million.

Equity Investments in Unconsoli

Equity Investments in Unconsolidated Joint Ventures	12 Months Ended
	Dec. 31, 2020
Equity Method Investments and Joint Ventures [Abstract]
Equity Investments in Unconsolidated Joint Ventures	Equity Investments in Unconsolidated Joint Ventures As of December 31, 2020, we had three joint venture agreements: 1) R2G Venture LLC, 2) Ramco/Lion Venture LLP, and 3) Ramco HHF NP LLC, whereby we own 51.5%, 30%, and 7%, respectively, of the equity in each joint venture. As of December 31, 2020, our R2G Venture LLC joint venture owned five income-producing shopping centers, and our other two joint ventures did not own any income producing properties. We and the joint venture partners have joint approval rights for major decisions, including those regarding property operations. We cannot make significant decisions without our partner’s approval. Accordingly, we account for our interest in the joint ventures using the equity method of accounting. Combined financial information of our unconsolidated joint ventures is summarized as follows: December 31, Balance Sheets 2020 2019 (In thousands) ASSETS Investment in real estate, net $ 226,083 $ 233,531 Other assets 26,172 27,463 Total Assets $ 252,255 $ 260,994 LIABILITIES AND OWNERS' EQUITY Other liabilities $ 14,485 $ 15,943 Owners' equity 237,770 245,051 Total Liabilities and Owners' Equity $ 252,255 $ 260,994 RPT's equity investments in unconsolidated joint ventures $ 126,333 $ 130,321 Year Ended December 31, Statements of Operations 2020 2019 2018 (In thousands) Total revenue $ 24,438 $ 3,146 $ 3,868 Total expenses (21,301) (2,238) (2,671) Income before other income and expense 3,137 908 1,197 Gain on sale of real estate — 5,494 1,024 Net income $ 3,137 $ 6,402 $ 2,221 RPT's share of earnings from unconsolidated joint ventures $ 1,590 $ 581 $ 589 Acquisitions The following table provides a summary of our unconsolidated joint venture property acquisitions during 2020 and 2019: Gross Property Name Location GLA Acreage Date Acquired Purchase Price Assumed Debt (In thousands) (In thousands) 2020 None 2019 RPT Realty - 5 Income Producing Properties (1) FL, MI & MO 777 N/A 12/10/19 $ 244,000 $ — Total acquisitions 777 — $ 244,000 $ — (1) The income producing properties acquired were: (1) Coral Creek Shops located in Coconut Creek, FL, (2) Mission Bay Plaza located in Boca Raton, FL, (3) The Crossroads located in Royal Palm Beach, FL, (3) The Shops at Old Orchard located in West Bloomfield, MI, and (5) Town & Country Crossing located in Town & Country, MO. The total aggregate fair value of the acquisitions was allocated and is reflected in the following table in accordance with accounting guidance for business combinations. At the time of acquisition, these assets and liabilities were considered Level 3 fair value measurements: Acquisition Date (In thousands) Land $ 78,019 Buildings and improvements 155,924 Above market leases 2,326 Lease origination costs 22,776 Below market leases (15,045) Net assets acquired $ 244,000 Dispositions The following table provides a summary of our unconsolidated joint venture property disposition activity during 2020 and 2019: Gross Property Name Location GLA Ownership % Date Sold Gross Sales Price Gain on Sale (at 100%) (In thousands) (In thousands) 2020 None 2019 Nora Plaza Indianapolis, IN 140 7 % 8/16/19 $ 29,000 $ 5,494 140 $ 29,000 $ 5,494 RPT's proportionate share of gross sales price and gain on sale of joint venture property $ 2,030 $ 385 The Company recorded an other gain on unconsolidated joint ventures for the year ended December 31, 2019 of $0.2 million which represents the excess of the net cash distributed to it from the Nora Plaza disposition and its proportionate share of the remaining equity in the unconsolidated joint venture. Joint Venture Management and Other Fee Income We are engaged by certain of our joint ventures, which we consider to be related parties, to provide asset management, property management, leasing and investing services for such ventures' respective properties. We receive fees for our services, including property management fees calculated as a percentage of gross revenues received and recognize these fees as the services are rendered. The following table provides information for our fees earned which are reported in our consolidated statements of operations: Year Ended December 31, 2020 2019 2018 (In thousands) Management fees $ 895 $ 137 $ 159 Leasing fees 490 2 40 Acquisition/disposition fees — 67 55 Construction fees 10 24 — Total $ 1,395 $ 230 $ 254

Other Assets, Net and Acquired

Other Assets, Net and Acquired Lease Intangible Assets, Net	12 Months Ended
	Dec. 31, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets, Net and Acquired Lease Intangible Assets, Net	Other Assets, Net and Acquired Lease Intangible Assets, Net Other assets, net consisted of the following: December 31, 2020 2019 (In thousands) Deferred leasing costs, net $ 26,908 $ 30,442 Deferred financing costs on unsecured revolving credit facility, net 1,953 2,659 Acquired development agreements (1) 16,973 18,017 Other, net 9,158 9,031 Total amortizable other assets 54,992 60,149 Straight-line rent receivable, net 17,579 19,605 Goodwill 2,089 2,089 Cash flow hedge mark-to-market asset — 2,331 Prepaid and other deferred expenses, net 2,805 2,662 Other assets, net $ 77,465 $ 86,836 (1) Represents in-place public improvement agreement of approximately $13.0 million and real estate tax exemption agreement of approximately $4.0 million associated with two properties acquired in 2014. Straight-line rent receivables are recorded net of allowances of $4.1 million and $1.8 million at December 31, 2020 and 2019, respectively. Acquired lease intangible assets, net consisted of the following: December 31, 2020 2019 (In thousands) Lease originations costs $ 56,505 $ 66,557 Above market leases 3,951 4,840 60,456 71,397 Accumulated amortization (34,102) (37,119) Acquired lease intangibles, net $ 26,354 $ 34,278 Acquired lease intangible assets have a remaining weighted-average amortization period of 11.1 years as of December 31, 2020. These intangible assets are being amortized over the terms of the applicable lease. Amortization of lease origination costs is an increase to amortization expense and amortization of above-market leases is a reduction to rental income over the applicable terms of the respective leases. Amortization of the above market lease asset resulted in a reduction of revenue of approximately $0.7 million, $0.8 million, and $1.6 million for the years ended December 31, 2020, 2019, and 2018, respectively. Combined, amortizable other assets, net and acquired lease intangibles, net totaled $81.3 million. The following table represents estimated aggregate amortization expense related to those assets as of December 31, 2020: Year Ending December 31, (In thousands) 2021 $ 13,152 2022 10,821 2023 9,120 2024 7,069 2025 6,210 Thereafter 34,974 Total $ 81,346

Debt

Debt	12 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
Debt	Debt The following table summarizes our mortgages, notes payable, revolving credit facility and finance lease obligation as of December 31, 2020 and 2019: December 31, Notes Payable and Finance Lease Obligation 2020 2019 (In thousands) Senior unsecured notes $ 535,000 $ 535,000 Unsecured term loan facilities 310,000 310,000 Fixed rate mortgages 85,254 87,581 Unsecured revolving credit facility 100,000 — 1,030,254 932,581 Unamortized premium 1,103 1,995 Unamortized deferred financing costs (3,606) (3,768) $ 1,027,751 $ 930,808 Finance lease obligation $ 875 $ 926 Senior Unsecured Notes The following table summarizes the Company's senior unsecured notes: December 31, 2020 December 31, 2019 Senior Unsecured Notes Maturity Date Principal Balance Interest Rate/Weighted Average Interest Rate Principal Balance Interest Rate/Weighted Average Interest Rate (in thousands) (in thousands) Senior unsecured notes - 3.75% due 2021 6/27/2021 $ 37,000 3.75 % $ 37,000 3.75 % Senior unsecured notes - 4.12% due 2023 6/27/2023 41,500 4.12 % 41,500 4.12 % Senior unsecured notes - 4.65% due 2024 5/28/2024 50,000 4.65 % 50,000 4.65 % Senior unsecured notes - 4.05% due 2024 11/18/2024 25,000 4.05 % 25,000 4.05 % Senior unsecured notes - 4.27% due 2025 6/27/2025 31,500 4.27 % 31,500 4.27 % Senior unsecured notes - 4.20% due 2025 7/6/2025 50,000 4.20 % 50,000 4.20 % Senior unsecured notes - 4.09% due 2025 9/30/2025 50,000 4.09 % 50,000 4.09 % Senior unsecured notes - 4.74% due 2026 5/28/2026 50,000 4.74 % 50,000 4.74 % Senior unsecured notes - 4.28% due 2026 11/18/2026 25,000 4.28 % 25,000 4.28 % Senior unsecured notes - 4.57% due 2027 12/21/2027 30,000 4.57 % 30,000 4.57 % Senior unsecured notes - 3.64% due 2028 11/30/2028 75,000 3.64 % 75,000 3.64 % Senior unsecured notes - 4.72% due 2029 12/21/2029 20,000 4.72 % 20,000 4.72 % Senior unsecured notes - 4.15% due 2029 12/27/2029 50,000 4.15 % 50,000 4.15 % $ 535,000 4.20 % $ 535,000 4.20 % Unamortized deferred financing costs (1,715) (1,460) Total $ 533,285 $ 533,540 Unsecured Term Loan Facilities and Revolving Credit Facility On November 6, 2019, the Operating Partnership entered into a Fifth Amended and Restated Credit Agreement (the “credit agreement”) which consists of an unsecured revolving credit facility (the “revolving credit facility”) of up to $350.0 million and term loan facilities of $310.0 million (the “term loan facilities” and, together with the revolving credit facility, the “unsecured revolving line of credit”). The revolving credit facility matures on November 6, 2023 and can be extended for up to one year to 2024 through two six-month options, subject to continued compliance with the terms of the credit agreement and the payment of an extension fee of 0.075%. Borrowings on the revolving credit facility are priced on a leverage grid ranging from LIBOR plus 105 basis points to LIBOR plus 150 basis points. The term loan facilities mature in five separate tranches ranging from March 3, 2023 to February 5, 2027 and are priced on a leverage grid ranging from LIBOR plus 120 basis points to LIBOR plus 220 basis points. The credit agreement allows for the right to request increases in the revolving and term loan commitments or the making of additional term loans by up to an additional $340.0 million to a maximum aggregate amount not to exceed $1.0 billion. The following table summarizes the Company's unsecured term loan facilities and revolving credit facility: December 31, 2020 December 31, 2019 Unsecured Credit Facilities Maturity Date Principal Balance Interest Rate/Weighted Average Interest Rate Principal Balance Interest Rate/Weighted Average Interest Rate (in thousands) (in thousands) Unsecured term loan due 2023 - fixed rate (1) 3/3/2023 $ 60,000 3.02 % $ 60,000 2.97 % Unsecured term loan due 2024 - fixed rate (2) 11/6/2024 50,000 2.51 % 50,000 2.91 % Unsecured term loan due 2025 - fixed rate (3) 2/6/2025 50,000 2.57 % 50,000 2.66 % Unsecured term loan due 2026 - fixed rate (4) 11/6/2026 50,000 2.95 % 50,000 3.31 % Unsecured term loan due 2027 - fixed rate (5) 2/5/2027 100,000 3.12 % 100,000 3.25 % $ 310,000 2.89 % $ 310,000 3.06 % Unamortized deferred financing costs (1,891) (2,308) Term loans, net $ 308,109 $ 307,692 Revolving credit facility - variable rate 11/6/2023 $ 100,000 1.30 % $ — 2.80 % (1) Swapped to a weighted average fixed rate of 1.77%, plus a credit spread of 1.25%, based on a leverage grid at December 31, 2020. (2) Swapped to a weighted average fixed rate of 1.26%, plus a credit spread of 1.25%, based on a leverage grid at December 31, 2020 (3) Swapped to a weighted average fixed rate of 1.32%, plus a credit spread of 1.25%, based on a leverage grid at December 31, 2020. (4) Swapped to a weighted average fixed rate of 1.30%, plus a credit spread of 1.65%, based on a leverage grid at December 31, 2020. (5) Swapped to a weighted average fixed rate of 1.47%, plus a credit spread of 1.65%, based on a leverage grid at December 31, 2020. As of December 31, 2020, we had $100.0 million outstanding under our unsecured revolving credit facility, an increase of $100.0 million from December 31, 2019, as a result of borrowings in March 2020 to strengthen the Company's liquidity position due to the COVID-19 pandemic. We had no outstanding letters of credit issued under our revolving credit facility as of December 31, 2020. We had $250.0 million of unused capacity under our $350.0 million unsecured revolving credit facility that could be borrowed subject to compliance with applicable financial covenants. Based on our recent borrowings under our revolving credit facility to enhance our liquidity position, our current amount of outstanding indebtedness is close to the maximum permitted amount under the covenants contained in our revolving credit facility, and as a result our ability to retain our outstanding borrowings and utilize the limited remaining amount available under our revolving credit facility would depend on our continued compliance with financial covenants and other terms of our revolving credit agreement, which may be impacted by certain factors including tenant store closures and the nonpayment of rent, unless we obtain waivers or modifications to our loan document covenants. These covenants are generally based on our financial results from the most recently completed four fiscal quarters and, as a result, the impact on these financial covenants from adverse short-term impacts on operating results is partially mitigated by previous and/or subsequent operating results. The interest rate as of December 31, 2020 was 1.30%. Mortgages The following table summarizes the Company's fixed rate mortgages: December 31, 2020 December 31, 2019 Mortgage Debt Maturity Date Principal Balance Interest Rate/Weighted Average Interest Rate Principal Balance Interest Rate/Weighted Average Interest Rate (in thousands) (in thousands) Bridgewater Falls Shopping Center 2/6/2022 $ 52,274 5.70 % $ 53,423 5.70 % The Shops on Lane Avenue 1/10/2023 28,169 3.76 % 28,650 3.76 % Nagawaukee II 6/1/2026 4,811 5.80 % 5,508 5.80 % $ 85,254 5.06 % $ 87,581 5.07 % Unamortized premium 1,103 1,995 Total $ 86,357 $ 89,576 The fixed rate mortgages are secured by properties that have an approximate net book value of $146.2 million as of December 31, 2020. The mortgage loans encumbering our properties are generally nonrecourse, subject to certain exceptions for which we would be liable for any resulting losses incurred by the lender. These exceptions vary from loan to loan but generally include fraud or a material misrepresentation, misstatement or omission by the borrower, intentional or grossly negligent conduct by the borrower that harms the property or results in a loss to the lender, filing of a bankruptcy petition by the borrower, either directly or indirectly and certain environmental liabilities. In addition, upon the occurrence of certain events, such as fraud or filing of a bankruptcy petition by the borrower, we or our joint ventures would be liable for the entire outstanding balance of the loan, all interest accrued thereon and certain other costs, including penalties and expenses. Finance lease At December 31, 2020 we had a finance ground lease at our Buttermilk Towne Center with the City of Crescent Springs, Kentucky with a gross carrying value of $13.2 million classified as land. Total amounts expensed as interest relating to this lease were negligible for the year ended December 31, 2020, and were $0.1 million for each of the years ended December 31, 2019, and 2018. Covenants On June 30, 2020, the Company entered into amendments to the note purchase agreements governing all of the Company's outstanding senior unsecured notes. The following is a summary of the material amendments: • The occupancy tests relating to the minimum ratio of consolidated total unencumbered asset value to unsecured indebtedness were eliminated during the period from June 30, 2020 through and including September 30, 2021 (the “Specified Period”) and were otherwise reduced during the fiscal quarters ended December 31, 2021 and March 31, 2022; • The minimum ratio of consolidated total unencumbered asset value to unsecured indebtedness that the Operating Partnership is required to maintain was reduced during the Specified Period; and • The Operating Partnership agreed to a minimum liquidity requirement during the Specified Period. Our revolving credit facility, senior unsecured notes as amended and term loan facilities contain financial covenants relating to total leverage, fixed charge coverage ratio, unencumbered assets, tangible net worth and various other calculations. As of December 31, 2020, we were in compliance with these covenants. The following table presents scheduled principal payments on mortgages, notes payable, revolving credit facility and finance lease payments as of December 31, 2020: Year Ending December 31, Principal Payments Finance Lease Payments (In thousands) 2021 $ 39,508 $ 100 2022 52,397 100 2023 (1) 229,388 100 2024 125,879 100 2025 182,431 100 Thereafter 400,651 700 Subtotal debt 1,030,254 1,200 Unamortized mortgage premium 1,103 — Unamortized deferred financing costs (3,606) — Amounts representing interest — (325) Total $ 1,027,751 $ 875 (1) Scheduled maturities in 2023 include the $100.0 million balance on the unsecured revolving credit facility drawn as of December 31, 2020. The unsecured revolving credit facility has two six-month extensions available at the the Company's option provided compliance with financial covenants is maintained.

Acquired Lease Intangible Liabi

Acquired Lease Intangible Liabilities, Net	12 Months Ended
	Dec. 31, 2020
Other Liabilities Disclosure [Abstract]
Acquired Lease Intangible Liabilities, Net	Acquired Lease Intangible Liabilities, NetAcquired lease intangible liabilities, net were $35.3 million and $38.9 million as of December 31, 2020 and 2019, respectively. The lease intangible liabilities relate to below-market leases and are being accreted over the applicable terms of the acquired leases, which resulted in an increase in revenue of $3.6 million, $7.6 million, and $11.4 million for the years ended December 31, 2020, 2019 and 2018, respectively.

Fair Value

Fair Value	12 Months Ended
	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value	Fair Value We utilize fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. Derivative instruments (interest rate swaps) are recorded at fair value on a recurring basis. Additionally, we, from time to time, may be required to record other assets at fair value on a nonrecurring basis. As a basis for considering market participant assumptions in fair value measurements, GAAP establishes three fair value levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. The assessed inputs used in determining any fair value measurement could result in incorrect valuations that could be material to our consolidated financial statements. These levels are: Level 1 Valuation is based upon quoted prices for identical instruments traded in active markets. Level 2 Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market. Level 3 Valuation is generated from model-based techniques that use at least one significant assumption not observable in the market. These unobservable assumptions reflect estimates of assumptions that market participants would use in pricing the asset or liability. The following is a description of valuation methodologies used for our assets and liabilities recorded at fair value. Derivative Assets and Liabilities All of our derivative instruments are interest rate swaps for which quoted market prices are not readily available. For those derivatives, we measure fair value on a recurring basis using valuation models that use primarily market observable inputs, such as yield curves. We classify derivative instruments as Level 2. Refer to Note 11 of notes to the consolidated financial statements for additional information on our derivative financial instruments. The table below presents the recorded amount of assets and liabilities measured at fair value on a recurring basis as of December 31, 2020 and 2019: Balance Sheet Location Total Fair Value Level 1 Level 2 Level 3 2020 (In thousands) Derivative assets - interest rate swaps Other assets $ — $ — $ — $ — Derivative liabilities - interest rate swaps Other liabilities $ (14,468) $ — $ (14,468) $ — 2019 Derivative assets - interest rate swaps Other assets $ 2,331 $ — $ 2,331 $ — Derivative liabilities - interest rate swaps Other liabilities $ (469) $ — $ (469) $ — Other Assets and Liabilities The carrying values of cash and cash equivalents, restricted cash, receivables and accounts payable and accrued liabilities are reasonable estimates of their fair values because of the short maturity of these financial instruments. Debt We estimated the fair value of our debt based on our incremental borrowing rates for similar types of borrowing arrangements with the same remaining maturity and on the discounted estimated future cash payments to be made for other debt. The discount rates used approximate current lending rates for loans or groups of loans with similar maturities and credit quality, assumes the debt is outstanding through maturity and considers the debt’s collateral (if applicable). Since such amounts are estimates that are based on limited available market information for similar transactions, there can be no assurance that the disclosed value of any financial instrument could be realized by immediate settlement of the instrument. Fixed rate debt (including variable rate debt swapped to fixed through derivatives) with carrying values of $930.3 million and $832.6 million as of December 31, 2020 and 2019, respectively, have fair values of approximately $927.5 million and $848.2 million, respectively. Variable rate debt’s fair value is estimated to be the carrying values of $100.0 million as of December 31, 2020 and 2019. We classify our debt as Level 2. Net Real Estate Our net real estate, including any identifiable intangible assets, are regularly subject to impairment testing but marked to fair value on a nonrecurring basis. To estimate fair value, we use discounted cash flow models that include assumptions of the discount rates that market participants would use in pricing the asset. To the extent impairment has occurred, we charge to expense the excess of the carrying value of the property over its estimated fair value. We classify impaired real estate assets as nonrecurring Level 3. The table below presents the recorded amount of assets at the time they were marked to fair value during the years ended December 31, 2020 and 2019 on a nonrecurring basis. We did not have any material liabilities that were required to be measured at fair value on a nonrecurring basis during the years ended December 31, 2020 and 2019: Assets Total Fair Value Level 1 Level 2 Level 3 Total Impairment (In thousands) 2020 Land available for development $ 504 $ — $ — $ 504 $ (598) Total $ 504 $ — $ — $ 504 $ (598) 2019 None Equity Investments in Unconsolidated Entities Our equity investments in unconsolidated joint venture entities are subject to impairment testing on a nonrecurring basis if a decline in the fair value of the investment below the carrying amount is determined to be a decline that is other-than-temporary. To estimate the fair value of properties held by unconsolidated entities, we use cash flow models, discount rates, and capitalization rates based upon assumptions of the rates that market participants would use in pricing the asset. To the extent other-than-temporary impairment has occurred, we charge to expense the excess of the carrying value of the equity investment over its estimated fair value. We classify other-than-temporarily impaired equity investments in unconsolidated entities as nonrecurring Level 3.

Derivative Financial Instrument

Derivative Financial Instruments	12 Months Ended
	Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments We utilize interest rate swap agreements for risk management purposes to reduce the impact of changes in interest rates on our variable rate debt. We may also enter into forward starting swaps to set the effective interest rate on planned variable rate financing. On the date we enter into an interest rate swap, the derivative is designated as a hedge against the variability of cash flows that are to be paid in connection with a recognized liability. Subsequent changes in the fair value of a derivative designated as a cash flow hedge that is determined to be highly effective are recorded in other comprehensive income (“OCI”) until earnings are affected by the variability of cash flows of the hedged transaction. The differential between fixed and variable rates to be paid or received is accrued, as interest rates change, and recognized currently as interest expense in our consolidated statements of operations. We assess effectiveness of our cash flow hedges both at inception and on an ongoing basis. Our cash flow hedges become ineffective if critical terms of the hedging instrument and the debt do not perfectly match such as notional amounts, settlement dates, reset dates, calculation period and LIBOR rate. At December 31, 2020, all of our hedges were effective. In July 2017, the Financial Conduct Authority, the authority that regulates LIBOR, announced it intends to stop compelling banks to submit rates for the calculation of LIBOR after 2021. In November 2020, the ICE Benchmark Administration, the administrator of LIBOR, announced plans to consult on ceasing publications of LIBOR on December 31, 2021 for only the one week and two week LIBOR tenors, and on June 30, 2023 for all other LIBOR tenors. The Alternative Reference Rates Committee (ARRC) has proposed that the Secured Overnight Financing Rate (SOFR) is the rate that represents best practice as the alternative to USD-LIBOR for use in derivatives and other financial contracts that are currently indexed to USD-LIBOR. ARRC has proposed a paced market transition plan to SOFR from USD-LIBOR and organizations are currently working on industry wide and company specific transition plans as it relates to derivatives and cash markets exposed to USD-LIBOR. There is no guarantee that a transition from LIBOR to an alternative will not result in financial market disruptions, significant increases in benchmark rates, or financing costs to borrowers. We have material contracts that are indexed to USD-LIBOR, and we are monitoring this activity and evaluating the related risks. As of December 31, 2019, we had seven interest rate swap agreements in effect for an aggregate notional amount of $210.0 million and five forward stating interest rate swap agreements for an aggregate notional amount of $150.0 million, converting our floating rate corporate debt to fixed rate debt. Additionally, in February 2020, we entered into four additional interest rate swap agreements for an aggregate notional amount of $100.0 million. As of December 31, 2020, we had eleven interest rate swap agreements in effect for an aggregate notional amount of $310.0 million and two forward stating interest rate swap agreements for an aggregate notional amount of $75.0 million. The following table summarizes the notional values and fair values of our derivative financial instruments as of December 31, 2020: Underlying Debt Hedge Type Notional Value Fixed Rate Fair Value Expiration Date (In thousands) (In thousands) Derivative Liabilities Unsecured term loan Cash Flow $ 20,000 1.498 % $ (112) 05/2021 Unsecured term loan Cash Flow 15,000 1.490 % (83) 05/2021 Unsecured term loan Cash Flow 40,000 1.480 % (220) 05/2021 Unsecured term loan Cash Flow 60,000 1.770 % (2,128) 03/2023 Unsecured term loan Cash Flow 30,000 1.260 % (1,193) 11/2024 Unsecured term loan Cash Flow 10,000 1.259 % (397) 11/2024 Unsecured term loan Cash Flow 10,000 1.269 % (401) 11/2024 Unsecured term loan Cash Flow 25,000 1.310 % (1,071) 01/2025 Unsecured term loan Cash Flow 25,000 1.324 % (1,085) 01/2025 Unsecured term loan Cash Flow 50,000 1.297 % (2,522) 11/2026 Unsecured term loan Cash Flow 25,000 1.402 % (1,425) 01/2027 $ 310,000 $ (10,637) Derivative Liabilities - Forward Swaps Unsecured term loan Cash Flow $ 50,000 1.382 % $ (2,541) 01/2027 Unsecured term loan Cash Flow 25,000 1.398 % (1,290) 01/2027 Total Derivative Liabilities $ 385,000 $ (14,468) The following table summarizes the notional values and fair values of our derivative financial instruments as of December 31, 2019: Underlying Debt Hedge Notional Fixed Fair Expiration (In thousands) (In thousands) Derivative Assets Unsecured term loan Cash Flow $ 50,000 1.460 % $ 42 05/2020 Unsecured term loan Cash Flow 20,000 1.498 % 21 05/2021 Unsecured term loan Cash Flow 15,000 1.490 % 18 05/2021 Unsecured term loan Cash Flow 40,000 1.480 % 52 05/2021 $ 125,000 $ 133 Derivative Assets - Forward Swaps Unsecured term loan Cash Flow $ 25,000 1.310 % $ 311 01/2025 Unsecured term loan Cash Flow 25,000 1.324 % 297 01/2025 Unsecured term loan Cash Flow 50,000 1.382 % 797 01/2027 Unsecured term loan Cash Flow 25,000 1.398 % 381 01/2027 Unsecured term loan Cash Flow 25,000 1.402 % 412 01/2027 Total Derivative Assets $ 275,000 $ 2,331 Derivative Liabilities Unsecured term loan Cash Flow $ 15,000 2.150 % $ (26) 05/2020 Unsecured term loan Cash Flow 10,000 2.150 % (17) 05/2020 Unsecured term loan Cash Flow 60,000 1.770 % (426) 03/2023 Total Derivative Liabilities $ 85,000 $ (469) The effect of derivative financial instruments on our consolidated statements of operations and comprehensive income for the years ended December 31, 2020 and 2019 is summarized as follows: Amount of Gain (Loss) Location of Gain (Loss) Reclassified from Accumulated OCI into Income Amount of Gain (Loss) Reclassified from Derivatives in Cash Flow Hedging Relationship Year Ended December 31, Year Ended December 31, 2020 2019 2020 2019 (In thousands) (In thousands) Interest rate contracts - assets $ (2,345) $ (2,950) Interest Expense $ 14 $ 1,166 Interest rate contracts - liabilities (11,233) (620) Interest Expense (2,766) 151 Total $ (13,578) $ (3,570) Total $ (2,752) $ 1,317

Leases

Leases	12 Months Ended
	Dec. 31, 2020
Leases [Abstract]
Leases	Leases Revenues Approximate future minimum revenues from rentals under non-cancelable operating leases in effect at December 31, 2020, assuming no new or renegotiated leases or option extensions on lease agreements and no early lease terminations were as follows: Year Ending December 31, (In thousands) 2021 $ 151,079 2022 134,092 2023 113,038 2024 93,367 2025 75,279 Thereafter 223,080 Total $ 789,935 We recognized rental income related to variable lease payments of $44.2 million and $51.3 million for the years ended December 31, 2020 and 2019 , respectively . Substantially all of the assets included as income producing properties, net on the consolidated balance sheets, relate to our portfolio of wholly owned shopping centers, in which we are the lessor under operating leases with our tenants. As of December 31, 2020 , the Company’s wholly owned portfolio was 93.0% leased. Expenses We have operating leases for our corporate office in New York, New York and our Southfield, Michigan office, that expire in January 2024 and December 2024, respectively. Our operating lease in New York includes an additional five five The components of lease expense were as follows: Year Ended December 31, Statements of Operations Classification 2020 2019 2018 (In thousands) Operating ground lease cost Non-recoverable operating expense $ 1,162 $ 1,162 $ 1,162 Operating administrative lease cost General and administrative expense 581 859 733 Finance lease cost Interest Expense 48 51 53 Supplemental balance sheet information related to leases is as follows: Balance Sheet Classification December 31, 2020 December 31, 2019 (In thousands) ASSETS Operating lease assets Operating lease right-of-use assets $ 18,585 $ 19,222 Finance lease asset Land 13,249 13,249 Total leased assets $ 31,834 $ 32,471 LIABILITIES Operating lease liabilities Operating lease liabilities $ 17,819 $ 18,181 Finance lease liability Finance lease liability 875 926 Total lease liabilities $ 18,694 $ 19,107 Weighted Average Remaining Lease Terms Operating leases 71 years 70 years Finance lease 12 years 13 years Weighted Average Incremental Borrowing Rate Operating leases 6.10 % 6.06 % Finance lease 5.23 % 5.23 % Supplemental cash flow information related to leases is as follows: Year Ended December 31, 2020 2019 (In thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,467 $ 1,677 Operating cash flows from finance lease 48 51 Financing cash flows from finance lease 52 49 Maturities of lease liabilities as of December 31, 2020 were as follows: Maturity of Lease Liabilities Operating Leases Finance Lease (In thousands) 2021 $ 1,469 $ 100 2022 1,482 100 2023 1,495 100 2024 1,118 100 2025 1,048 100 Thereafter 94,430 700 Total lease payments $ 101,042 $ 1,200 Less imputed interest (83,223) (325) Total $ 17,819 $ 875
Leases	Leases Revenues Approximate future minimum revenues from rentals under non-cancelable operating leases in effect at December 31, 2020, assuming no new or renegotiated leases or option extensions on lease agreements and no early lease terminations were as follows: Year Ending December 31, (In thousands) 2021 $ 151,079 2022 134,092 2023 113,038 2024 93,367 2025 75,279 Thereafter 223,080 Total $ 789,935 We recognized rental income related to variable lease payments of $44.2 million and $51.3 million for the years ended December 31, 2020 and 2019 , respectively . Substantially all of the assets included as income producing properties, net on the consolidated balance sheets, relate to our portfolio of wholly owned shopping centers, in which we are the lessor under operating leases with our tenants. As of December 31, 2020 , the Company’s wholly owned portfolio was 93.0% leased. Expenses We have operating leases for our corporate office in New York, New York and our Southfield, Michigan office, that expire in January 2024 and December 2024, respectively. Our operating lease in New York includes an additional five five The components of lease expense were as follows: Year Ended December 31, Statements of Operations Classification 2020 2019 2018 (In thousands) Operating ground lease cost Non-recoverable operating expense $ 1,162 $ 1,162 $ 1,162 Operating administrative lease cost General and administrative expense 581 859 733 Finance lease cost Interest Expense 48 51 53 Supplemental balance sheet information related to leases is as follows: Balance Sheet Classification December 31, 2020 December 31, 2019 (In thousands) ASSETS Operating lease assets Operating lease right-of-use assets $ 18,585 $ 19,222 Finance lease asset Land 13,249 13,249 Total leased assets $ 31,834 $ 32,471 LIABILITIES Operating lease liabilities Operating lease liabilities $ 17,819 $ 18,181 Finance lease liability Finance lease liability 875 926 Total lease liabilities $ 18,694 $ 19,107 Weighted Average Remaining Lease Terms Operating leases 71 years 70 years Finance lease 12 years 13 years Weighted Average Incremental Borrowing Rate Operating leases 6.10 % 6.06 % Finance lease 5.23 % 5.23 % Supplemental cash flow information related to leases is as follows: Year Ended December 31, 2020 2019 (In thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,467 $ 1,677 Operating cash flows from finance lease 48 51 Financing cash flows from finance lease 52 49 Maturities of lease liabilities as of December 31, 2020 were as follows: Maturity of Lease Liabilities Operating Leases Finance Lease (In thousands) 2021 $ 1,469 $ 100 2022 1,482 100 2023 1,495 100 2024 1,118 100 2025 1,048 100 Thereafter 94,430 700 Total lease payments $ 101,042 $ 1,200 Less imputed interest (83,223) (325) Total $ 17,819 $ 875

Earnings per Common Share

Earnings per Common Share	12 Months Ended
	Dec. 31, 2020
Earnings Per Share [Abstract]
Earnings per Common Share	Earnings per Common Share The following table sets forth the computation of basic earnings per share (“EPS”): Year Ended December 31, 2020 2019 2018 (In thousands, except per share data) Net (loss) income $ (10,474) $ 93,686 $ 18,036 Net loss (income) attributable to noncontrolling interest 241 (2,175) (417) Preferred share dividends and conversion costs (6,701) (6,701) (6,701) Allocation of income to restricted share awards (136) (533) (460) Net income available to common shareholders $ (17,070) $ 84,277 $ 10,458 Weighted average shares outstanding, Basic 79,998 79,802 79,592 (Loss) Earnings per common share, Basic $ (0.21) $ 1.06 $ 0.13 The following table sets forth the computation of diluted EPS: Year Ended December 31, 2020 2019 2018 (In thousands, except per share data) Net (loss) income $ (10,474) $ 93,686 $ 18,036 Net loss (income) attributable to noncontrolling interest 241 (2,175) (417) Preferred share dividends and conversion costs (1) (6,701) — (6,701) Allocation of income to restricted share awards (136) (533) (460) Net income available to common shareholders $ (17,070) $ 90,978 $ 10,458 Weighted average shares outstanding, Basic 79,998 79,802 79,592 Restricted share awards using the treasury method (1) — 939 496 Dilutive effect of securities (2) — 6,981 — Weighted average shares outstanding, Diluted 79,998 87,722 80,088 Earnings per common share, Diluted $ (0.21) $ 1.04 $ 0.13 (1) Restricted stock awards are not included in the diluted per share calculation where the effect of their inclusion would be anti-dilutive. (2) The assumed conversion of preferred shares is dilutive for the year ended December 31, 2019 and anti-dilutive for all other periods presented. We exclude certain securities from the computation of diluted earnings per share. The following table presents the outstanding securities that were excluded from the computation of diluted earnings per share and the number of common shares each was convertible into (in thousands): Year Ended December 31, 2020 2019 2018 Issued Converted Issued Converted Issued Converted Operating Partnership Units 1,909 1,909 1,909 1,909 1,909 1,909 Series D Preferred Shares 1,849 7,017 — — 1,849 6,858 Restricted Stock Awards 1,571 496 — — — — 5,329 9,422 1,909 1,909 3,758 8,767

Shareholders' Equity

Shareholders' Equity	12 Months Ended
	Dec. 31, 2020
Equity [Abstract]
Shareholders' Equity	Shareholders’ Equity Underwritten public offerings We did not complete any underwritten public offerings in 2020, 2019 or 2018. Equity Distribution Agreement In February 2020, the Company entered into an Equity Distribution Agreement ( “ Equity Distribution Agreement ” ) pursuant to which the Company may offer and sell, from time to time, the Company's common shares having an aggregate gross sales price of up to $100.0 million. Sales of the shares of common stock may be made, in the Company's discretion, from time to time in "at-the-market" offerings as defined in Rule 415 of the Securities Act of 1933. The Equity Distribution Agreement also provides that the Company may enter into forward contracts for shares of its common stock with forward sellers and forward purchasers. For the year ended December 31, 2020, we did not issue any common shares through the arrangement. As of December 31, 2020, we have full capacity remaining under the agreement. Non-Controlling Interests As of December 31, 2020, 2019 and 2018 we had 1,909,018 OP Units outstanding. OP Unit holders are entitled to exchange their units for our common shares on a 1:1 basis or for cash. The form of payment is at our election. During 2018, there were 7,385 OP Units converted for cash in the amount of $0.1 million. During 2020 and 2019, there were no units converted for cash. Preferred Shares As of December 31, 2020, 2019 and 2018 we had 1,848,539 shares of 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest (“Preferred Shares”), outstanding that have a liquidation preference of $50 per share and a par value of $0.01 per share. The Preferred Shares were convertible at any time by the holders to our common shares at a conversion rate of $13.17, $13.24 and $13.48 per share as of December 31, 2020, 2019 and 2018, respectively. The conversion rate is adjusted quarterly. The Preferred Shares are also convertible under certain circumstances at our election. The holders of the Preferred Shares have no voting rights. At December 31, 2020, 2019, and 2018, the Preferred Shares were convertible into approximately 7.0 million, 7.0 million and 6.9 million shares of common stock, respectively. The following table provides a summary of dividends declared and paid per share: Year Ended December 31, 2020 2019 2018 Declared Paid Declared Paid Declared Paid Common shares $ 0.220 $ 0.440 $ 0.880 $ 0.880 $ 0.880 $ 0.880 Preferred shares $ 3.625 $ 3.625 $ 3.625 $ 3.625 $ 3.625 $ 3.625 A summary of the income tax status of dividends per share paid is as follows: Year Ended December 31, 2020 2019 2018 Common shares Ordinary dividend (1) $ 0.391 $ 0.250 $ 0.214 Capital gain distribution — 0.376 — Non-dividend distribution 0.049 0.254 0.666 $ 0.440 $ 0.880 $ 0.880 Perpetual Preferred Shares Ordinary dividend (1) $ 3.625 $ 1.448 $ 3.482 Capital gain distribution — 2.177 — $ 3.625 $ 3.625 $ 3.482 (1) Represents qualified REIT dividends that may be eligible for the 20% qualified business income deduction under Section 199A of the Internal Revenue Code if 1986, as amended, that is available for non-corporate taxpayers and is included in "Ordinary Dividends". The fourth quarter distribution for 2019 which was paid on January 2, 2020, has been treated as paid on January 2, 2020 for income tax purposes. The fourth quarter Preferred Shares distribution for 2020, which was paid on January 4, 2021, has been treated as paid on January 4, 2021 for income tax purposes. The fourth quarter preferred shares distribution for 2019, which was paid on January 2, 2020 has been treated as paid on January 2, 2020 for income tax purposes. Dividend reinvestment plan We have a dividend reinvestment plan that allows for participating shareholders to have their dividend distributions automatically invested in additional common shares based on the average price of the shares acquired for the distribution.

Share-Based Compensation and Ot

Share-Based Compensation and Other Benefit Plans	12 Months Ended
	Dec. 31, 2020
Share-based Payment Arrangement [Abstract]
Share-Based Compensation and Other Benefit Plans	Share-Based Compensation and Other Benefit Plans Incentive, Inducement and Stock Option Plans As of December 31, 2020, we have two share-based compensation plans in effect: 1) the 2019 Omnibus Long-Term Incentive Plan (“2019 LTIP”) and 2) the Inducement Incentive Plan (“Inducement Plan”). On April 29, 2019, our shareholders approved the 2019 LTIP, which replaced the 2012 Omnibus Long-Term Incentive Plan (“2012 LTIP”). The 2019 LTIP is administered by the compensation committee of the Board (the “Compensation Committee”). The 2019 LTIP provides for the award to our trustees, officers, employees and other service providers of restricted shares, restricted share units, options to purchase shares, share appreciation rights, unrestricted shares, and other awards to acquire up to an aggregate of 3.5 million common shares of beneficial interest plus any shares that become available under the 2012 LTIP as a result of the forfeiture, expiration or cancellation of outstanding awards or any award settled in cash in lieu of shares under such plan. As of December 31, 2020, there were 2.2 million shares of beneficial interest available for issuance under the 2019 LTIP. The Inducement Plan was approved by the Board in April 2018 and under such plan the Compensation Committee may grant, subject to any Company performance conditions as specified by the Compensation Committee, restricted shares, restricted share units, options and other awards to individuals who were not previously employees or members of the Board as an inducement to the individual's entry into employment with the Company. The Inducement Plan allows us to issue up to 6.0 million common shares, of which 5.0 million common shares remained available for issuance as of December 31, 2020; however, we do not intend to make further awards under the Inducement Plan following adoption of the 2019 LTIP. The following share-based compensation plans have been terminated, except with respect to awards currently outstanding under each plan: • 2012 LTIP which allowed for the grant of restricted shares, restricted share units, options and other awards to trustees, officers and other key employees; • The 2009 Omnibus Long-Term Incentive Plan (“2009 LTIP”) which allowed for the grant of restricted shares, restricted share units, options and other awards to trustees, officers and other key employees; and • The 2008 Restricted Share Plan for Non-Employee Trustees (the “Trustees' Plan”) which allowed for the grant of restricted shares to non-employee trustees of the Company. We recognized total share-based compensation expense of $6.3 million, $6.5 million, and $6.7 million for 2020, 2019, and 2018, respectively. Restricted Stock Share-Based Compensation Under the 2012 LTIP, Inducement Plan and 2019 LTIP, the Company has made grants of service-based restricted shares, performance-based cash awards and performance-based equity awards. The service-based restricted share awards to employees vest over three years or five years and the compensation expense is recognized on a graded vesting basis. The service-based restricted share awards to trustees vest over one year. We recognized expense related to service-based restricted share grants of $3.7 million for the year ended December 31, 2020, $3.5 million for year ended December 31, 2019 and $4.7 million for the year ended December 31, 2018. During the year ended December 31, 2020, we granted the following awards: • 317,011 shares of service-based restricted stock. The service-based awards were valued based on our closing stock price as of the grant date. The service-based restricted share awards to employees vest over three years and the compensation expense is recognized on a graded vesting basis. The service-based restricted share awards to trustees vest over one year; • 286,944 shares of service-based restricted stock were granted in connection with the extension of the employment agreements of our Chief Executive Officer and Chief Financial Officer, which vest in full on June 30, 2025 and June 30, 2024, respectively. The service-based awards were valued based on our closing stock price as of the grant date; and • 32,069 shares of service-based restricted stock were granted as part of the salary exchange program pursuant to which certain members of the Company's senior leadership team voluntarily reduced their 2020 annual base salary in exchange for restricted common shares. These shares will vest on January 2, 2021, subject to continued employment through such date. The service-based awards were valued based on our closing stock price as of the grant date. • Performance-based equity awards that are earned subject to a future performance measurement based on a three-year shareholder return peer comparison and performance-based liability and equity awards that are earned subject to a future performance measurement based on the Company's stock price over a four-year performance period (“TSR Grants”). A summary of the activity of service-based restricted shares under the 2012 LTIP, the Inducement Plan and the 2019 LTIP for the years ended December 31, 2020, 2019 and 2018 is presented below: 2020 2019 2018 Number of Shares Weighted- Average Grant Date Fair Value Number of Shares Weighted- Average Grant Date Fair Value Number of Shares Weighted- Average Grant Date Fair Value Outstanding, beginning of the year 449,643 $ 12.40 354,029 $ 13.05 412,195 $ 15.58 Granted 636,024 8.91 272,711 12.10 492,871 12.99 Vested (205,839) 12.38 (174,343) 13.04 (478,863) 13.57 Forfeited or expired (37,507) 12.78 (2,754) 13.16 (72,174) 13.96 Outstanding, end of the year 842,321 $ 9.75 449,643 $ 12.40 354,029 $ 13.05 As of December 31, 2020, we had 626,220 unvested service-based share awards outstanding under the 2019 LTIP, 72,976 unvested service-based share awards outstanding under the Inducement Plan, and 143,125 unvested service-based share awards outstanding under the 2012 LTIP. These awards have various expiration dates through June 2025. The Company has TSR Grants that are either earned (1) subject to a future performance measurement based on a three-year shareholder return peer comparison or (2) subject to a future performance measurement based on the Company's stock price over a four-year performance period. Pursuant to ASC 718 – Stock Compensation, we determine the grant date fair value of TSR Grants that will be settled in cash, and any subsequent re-measurements, based upon a Monte Carlo simulation model. We will recognize the compensation expense ratably over the requisite service period. We are required to re-value the cash awards at the end of each quarter using the same methodology as was used at the initial grant date and adjust the compensation expense accordingly. If at the end of the three-year or four-year measurement period the performance criterion is not met, compensation expense related to the cash awards previously recognized would be reversed. We recognized compensation expense of $0.2 million, $1.1 million and $0.9 million related to these performance awards recorded during the years ended December 31, 2020, 2019 and 2018, respectively. The weighted average assumptions used in the Monte Carlo simulation models are summarized in the following table: December 31, 2020 December 31, 2019 Closing share price $8.65 $15.04 Expected dividend rate — % 5.9 % Expected stock price volatility 49.8% - 91.5% 22.6 % Risk-free interest rate 0.1% - 0.3% 1.6 % Expected life (years) 1.0 - 4.00 2.00 The Company also determines the grant date fair value of the TSR Grants that will be settled in equity based upon a Monte Carlo simulation model and recognizes the compensation expense ratably over the requisite service period. These equity awards are not re-valued at the end of each quarter. The compensation cost will be recognized regardless of whether the performance criterion are met, provided the requisite service has been provided. We recognized compensation expense of $2.4 million, $1.9 million, and $1.1 million related to these performance awards recorded during the years ended December 31, 2020 2019 and 2018, respectively. The fair value of each grant for the reported periods is estimated on the date of grant using the Monte Carlo simulation model using the weighted average assumptions noted in the following table: Year Ended December 31, 2020 2019 2018 Closing share price $5.03 - $13.09 $12.05 $11.89 - $13.09 Expected dividend rate —% - 6.7% 7.3% 6.7% - 7.4% Expected stock price volatility 23.3% - 46.2% 22.9% 21.5% - 21.8% Risk-free interest rate 0.3% - 0.9% 2.5% 2.3% - 2.7% Expected life (years) 2.85 - 4.18 2.85 2.40 - 2.85 As of December 31, 2020, we had $12.7 million of total unrecognized compensation expense related to unvested restricted shares and performance based equity and cash awards. This expense is expected to be recognized over a weighted-average period of 3.3 years. Stock Option Share-Based Compensation When we grant options, the fair value of each option granted, used in determining the share-based compensation expense, is estimated on the date of grant using the Black-Scholes option-pricing model. This model incorporates certain assumptions for inputs including risk-free rates, expected dividend yield of the underlying common shares, expected option life and expected volatility. No options were granted under any of our plans in the years ended December 31, 2020, 2019 and 2018. Other Benefit Plan The Company has a defined contribution profit sharing plan and trust (the “ Plan ” ) with a qualified cash or deferred 401(k) arrangement covering all employees. Participation in the Plan is discretionary for all full-time employees who have attained the age of 21. The entry date eligibility is the first pay date of a quarter following the date of hire. Our expense for the years ended December 31, 2020, 2019 and 2018 was approximately $0.2 million, $0.2 million and $0.2 million, respectively.

Taxes

Taxes	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Taxes	Taxes Income Taxes We conduct our operations with the intent of meeting the requirements applicable to a REIT under sections 856 through 860 of the Code. In order to maintain our qualification as a REIT, we are required to distribute annually at least 90% of our REIT taxable income, excluding net capital gain, to our shareholders. As long as we qualify as a REIT, we will generally not be liable for federal corporate income taxes. Certain of our operations, including property management and asset management, as well as ownership of certain land, are conducted through our TRSs which allows us to provide certain services and conduct certain activities that are not generally considered as qualifying REIT activities. Deferred tax assets and liabilities reflect the impact of temporary differences between the amounts of assets and liabilities for financial reporting purposes and the bases of such assets and liabilities as measured by tax laws. Deferred tax assets are reduced by a valuation allowance to the amount where realization is more likely than not assured after considering all available evidence, including expected taxable earnings and potential tax planning strategies. Our temporary differences primarily relate to deferred compensation, depreciation, impairment charges and net operating loss carryforwards. As of December 31, 2020, we had a federal and state deferred tax asset of $8.0 million and a valuation allowance of $8.0 million, which represents an increase of $0.5 million from December 31, 2019. Our deferred tax assets, such as net operating losses and land basis differences, are reduced by an offsetting valuation allowance where there is uncertainty regarding their realizability. We believe that it is more likely than not that the results of future operations will not generate sufficient taxable income to recognize the deferred tax assets. These future operations are primarily dependent upon the profitability of our TRSs, the timing and amounts of gains on land sales, and other factors affecting the results of operations of the TRSs. If in the future we are able to conclude it is more likely than not that we will realize a future benefit from a deferred tax asset, we will reduce the related valuation allowance by the appropriate amount. If this occurs, it will result in a net deferred tax asset on our balance sheet and an income tax benefit of equal magnitude in our statement of operations in the period we made the determination. Income tax benefit for the year ended December 31, 2020 was negligible. For both the year ended December 31, 2019 and 2018, we recorded an income tax provision of approximately $0.2 million. We had no unrecognized tax benefits as of or during the three year period ended December 31, 2020. We expect no significant increases or decreases in unrecognized tax benefits due to changes in tax positions within one year of December 31, 2020. No material interest or penalties relating to income taxes were recognized in the statement of operations for the years ended December 31, 2020, 2019, and 2018 or in the consolidated balance sheets as of December 31, 2020, 2019, and 2018. It is our accounting policy to classify interest and penalties relating to unrecognized tax benefits as tax expense. As of December 31, 2020, returns for the calendar years 2017 through 2020 remain subject to examination by the Internal Revenue Service (“IRS”) and various state and local tax jurisdictions. As of December 31, 2020, certain returns for calendar year 2016 also remain subject to examination by various state and local tax jurisdictions. Sales Tax We collect various taxes from tenants and remit these amounts, on a net basis, to the applicable taxing authorities.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Construction Costs In connection with the development and expansion of various shopping centers as of December 31, 2020, we had entered into agreements for construction costs of approximately $1.5 million. Litigation We are currently involved in certain litigation arising in the ordinary course of business. We are not aware of any matters that would have a material effect on our consolidated financial statements. Development Obligations As of December 31, 2020, the Company has $2.2 million of development related obligations that require annual payments through December 2043. Guarantee A redevelopment agreement was entered into between the City of Jacksonville, the Jacksonville Economic Development Commission and the Company, to construct and develop River City Marketplace in 2005. As part of the agreement, the city agreed to finance up to $12.2 million of bonds. Repayment of the bonds is to be made in accordance with a level-payment amortization schedule over 20 years, and repayments are made out of tax revenues generated by the redevelopment. The remaining debt service payments due over the life of the bonds, including principal and interest, are $8.0 million. As part of the redevelopment, the Company executed a guaranty agreement whereby the Company would fund debt service payments if incremental revenues were not sufficient to fund repayment. There have been no payments made by the Company under this guaranty agreement to date. Environmental Matters We are subject to numerous federal, state and local environmental laws, ordinances and regulations in the areas where we own or operate properties. We are not aware of any contamination which may have been caused by us or any of our tenants that would have a material effect on our consolidated financial statements. As part of our risk management activities, we have applied and been accepted into state sponsored environmental programs which will expedite and assure satisfactory compliance with environmental laws and regulations should contaminants need to be remediated. We also have an environmental insurance policy that covers us against third party liabilities and remediation costs. While we believe that we do not have any material exposure to environmental remediation costs, we cannot give absolute assurance that changes in the law or new discoveries of contamination will not result in additional liabilities to us.

Reorganization

Reorganization	12 Months Ended
	Dec. 31, 2020
Reorganizations [Abstract]
Reorganization	ReorganizationIn connection with the reorganization of the executive management team, we recorded one-time employee termination benefits of $0.6 million for the year ended December 31, 2019. Such charges are reflected in the consolidated statements of operations in general and administrative expense.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2020
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events We have evaluated subsequent events through the date that the consolidated financial statements were issued. On February 12, 2021 the Company repaid $100.0 million of borrowings on our unsecured revolving credit facility. Subsequent to this repayment, the Company had no balance outstanding under our unsecured revolving credit facility. Since the onset of COVID-19, the Company has received rent relief requests, most often in the form of rent deferral requests. The Company is evaluating each tenant rent relief request on an individual basis, considering a number of factors. Though the outcome of tenant negotiations will vary tenant to tenant, the Company has entered and continues to expect that it will enter into rent relief agreements, such as agreements granting deferral or abatement of lease payments, with those tenants whose operations have been significantly impacted by COVID-19.

Selected Quarterly Financial Da

Selected Quarterly Financial Data (Unaudited)	12 Months Ended
	Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]
Selected Quarterly Financial Data (Unaudited)	Selected Quarterly Financial Data (Unaudited) The following table sets forth summarized quarterly financial data for the year ended December 31, 2020: Quarters Ended 2020 March 31 (1) June 30 (1) September 30 (1) December 31 (1) (In thousands, except per share amounts) Total revenue $ 52,876 $ 44,627 $ 46,487 $ 47,722 Operating income $ 9,165 $ 6,377 $ 7,469 $ 3,685 Net income (loss) attributable to RPT $ 334 $ (2,888) $ (1,947) $ (5,732) Net loss available to common shareholders $ (1,341) $ (4,563) $ (3,623) $ (7,407) Loss per common share, basic: (1) $ (0.02) $ (0.06) $ (0.05) $ (0.09) Loss per common share, diluted: (1) $ (0.02) $ (0.06) $ (0.05) $ (0.09) (1) EPS amounts are based on weighted average common shares outstanding during the quarter and, therefore, may not agree with the EPS calculated for the year ended December 31, 2020. The following table sets forth summarized quarterly financial data for the year ended December 31, 2019: Quarters Ended 2019 March 31 (1) June 30 (1) September 30 (1) December 31 (1) (In thousands, except per share amounts) Total revenue $ 59,708 $ 57,361 $ 58,921 $ 58,098 Operating income $ 15,430 $ 13,429 $ 14,888 $ 10,275 Net income attributable to RPT $ 10,443 $ 2,893 $ 5,445 $ 72,730 Net income available to common shareholders $ 8,768 $ 1,218 $ 3,769 $ 71,055 Earnings per common share, basic: (1) $ 0.11 $ 0.01 $ 0.05 $ 0.89 Earnings per common share, diluted: (1) $ 0.11 $ 0.01 $ 0.05 $ 0.83 (1) EPS amounts are based on weighted average common shares outstanding during the quarter and, therefore, may not agree with the EPS calculated for the year ended December 31, 2019.

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2020
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
Schedule II - Valuation and Qualifying Accounts	SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS December 31, 2020 (in thousands of dollars) Balance at Beginning of Year Charged to Costs and Expenses Charged to Other Accounts Deductions Balance at End of Year For the Year Ended December 31, 2020 Allowance for Doubtful Accounts $ 1,037 12,884 (925) — $ 12,996 Straight Line Rent Reserve $ 1,825 2,721 (455) — $ 4,091 For the Year Ended December 31, 2019 Allowance for Doubtful Accounts $ 858 625 (446) — $ 1,037 Straight Line Rent Reserve $ 2,323 (492) (6) — $ 1,825 For the Year Ended December 31, 2018 Allowance for Doubtful Accounts $ 1,374 57 (573) — $ 858 Straight Line Rent Reserve $ 2,667 (337) (7) — $ 2,323

Schedule III - Summary of Real

Schedule III - Summary of Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2020
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]
Schedule III - Summary of Real Estate and Accumulated Depreciation	SCHEDULE III SUMMARY OF REAL ESTATE AND ACCUMULATED DEPRECIATION December 31, 2020 (in thousands of dollars) INITIAL COST Capitalized Subsequent to GROSS AMOUNTS AT WHICH Property Location Encumbrances Land Building & Improvements Land Building & Improvements Total Accumulated Depreciation Date Constructed Date Acquired Bridgewater Falls OH $ 52,274 $ 9,831 $ 76,446 $ 594 $ 9,831 $ 77,040 $ 86,871 $ 15,259 2005/2007 2014 Buttermilk Towne Center KY — 13,249 21,103 2,671 13,249 23,774 37,023 5,335 2005 2014 Centennial Shops MN — — 29,639 581 — 30,220 30,220 4,519 2008 2016 Central Plaza MO — 10,250 10,909 2,295 10,250 13,204 23,454 3,217 1970 2012 Clinton Pointe MI — 1,175 10,499 1,902 1,176 12,400 13,576 4,968 1992 2003 Crofton Centre MD — 8,012 22,774 925 8,012 23,699 31,711 3,937 1974 2015 Cypress Point FL — 2,968 17,637 2,269 2,968 19,906 22,874 4,390 1983 2013 Deer Creek Shopping Center MO — 6,070 18,105 1,818 6,070 19,923 25,993 4,589 1970's/2013 2013 Deer Grove Centre IL — 8,408 8,197 6,207 8,408 14,404 22,812 4,813 1997 2013 Deerfield Towne Center OH — 6,868 78,551 12,695 6,868 91,246 98,114 20,458 2004/2007 2013 Front Range Village CO — 19,413 80,600 15,618 19,414 96,217 115,631 15,979 2008 2014 Heritage Place MO — 13,899 22,506 3,424 13,899 25,930 39,829 8,044 1989 2011 Holcomb Center GA — 658 5,953 8,031 658 13,984 14,642 6,426 1986 1996 Hunters Square MI — 7,673 52,774 6,302 7,652 59,097 66,749 13,753 1988 2013 Lakehills Plaza TX — 17,987 12,828 58 17,987 12,886 30,873 619 1980/2019 2019 Lakeland Park Center FL — 15,365 — 41,567 16,864 40,068 56,932 8,537 2014 2008 Marketplace of Delray FL — 7,922 18,910 2,947 7,922 21,857 29,779 5,289 1981/2010 2013 Market Plaza IL — 9,391 22,682 1 9,391 22,683 32,074 3,605 1965/2009 2015 Merchants' Square IN — 4,997 18,346 5,658 4,997 24,004 29,001 7,669 1970 2010 Mount Prospect Plaza IL — 11,633 21,767 2,907 9,601 26,706 36,307 6,158 1958/1987/2012 2013 Nagawaukee Shopping Center WI 4,811 7,549 30,898 3,973 7,517 34,903 42,420 7,720 1994/2004/2008 2012/2013 Olentangy Plaza OH — 4,283 20,774 4,025 4,283 24,799 29,082 4,268 1981 2015 Parkway Shops FL — 3,145 — 22,956 5,902 20,199 26,101 4,282 2013 2008 Peachtree Hill GA — 7,517 17,062 (878) 6,926 16,775 23,701 2,604 1986 2015 Promenade at Pleasant Hill GA — 3,891 22,520 6,871 3,440 29,842 33,282 12,304 1993 2004 Providence Marketplace TN — 22,171 85,657 937 22,171 86,594 108,765 11,476 2006 2017 River City Marketplace FL — 19,768 73,859 12,413 11,194 94,846 106,040 34,448 2005 2005 Rivertowne Square FL — 954 8,587 2,677 954 11,264 12,218 5,273 1980 1998 Shoppes of Lakeland FL — 5,503 20,236 1,061 5,503 21,297 26,800 4,981 1985 1996 Southfield Plaza MI — 1,121 10,777 1,368 1,121 12,145 13,266 8,006 1969 1996 Spring Meadows Place OH — 2,646 16,758 15,813 4,539 30,678 35,217 13,997 1987 1996 Tel-Twelve MI — 3,819 43,181 31,568 3,819 74,749 78,568 39,710 1968 1996 The Shops on Lane Avenue OH 28,169 4,848 51,273 5,402 4,848 56,675 61,523 8,551 1952/2004 2015 Treasure Coast Commons FL — 2,924 10,644 708 2,924 11,352 14,276 2,806 1996 2013 Troy Marketplace MI — 8,371 29,333 12,250 9,966 39,988 49,954 9,061 2000/2010 2013 INITIAL COST Capitalized Subsequent to GROSS AMOUNTS AT WHICH Property Location Encumbrances Land Building & Improvements Land Building & Improvements Total Accumulated Depreciation Date Constructed Date Acquired Village Lakes Shopping Center FL — 862 7,768 7,675 862 15,443 16,305 7,926 1987 1997 Vista Plaza FL — 3,667 16,769 501 3,667 17,270 20,937 4,032 1998 2013 Webster Place IL — 28,410 21,752 (2,145) 28,410 19,607 48,017 2,097 1987 2017 West Broward FL — 5,339 11,521 741 5,339 12,262 17,601 2,448 1965 2013 West Allis Towne Centre WI — 1,866 16,789 16,280 1,866 33,069 34,935 14,513 1987 1996 West Oaks I MI — 1,058 17,173 20,899 2,826 36,304 39,130 12,060 1979 1996/2018 West Oaks II MI — 1,391 12,519 9,034 1,391 21,553 22,944 11,560 1986 1996 Winchester Center MI — 5,667 18,559 6,015 5,667 24,574 30,241 5,443 1980 2013 Woodbury Lakes MN — 10,411 55,635 27,296 10,411 82,931 93,342 15,148 2005 2014 Land Held for Future Development (1) Various — 28,266 14,026 (15,873) 20,851 5,568 26,419 23 N/A N/A TOTALS $ 85,254 $ 361,216 $ 1,184,296 $ 310,037 $ 351,614 $ 1,503,935 $ 1,855,549 $ 392,301 (1) Primarily in Hartland, MI, Lakeland, FL and Jacksonville, FL. SCHEDULE III REAL ESTATE INVESTMENT AND ACCUMULATED DEPRECIATION December 31, 2020 Year ended December 31, 2020 2019 2018 (In thousands) Reconciliation of total real estate carrying value: Balance at beginning of year $ 1,860,382 $ 2,078,995 $ 2,189,022 Additions during period: Acquisition — 30,814 6,427 Improvements 18,663 42,824 68,914 Deductions during period: Cost of real estate sold/written off (22,898) (292,251) (171,718) Impairment (598) — (13,650) Balance at end of year $ 1,855,549 $ 1,860,382 $ 2,078,995 Reconciliation of accumulated depreciation: Balance at beginning of year $ 352,006 $ 358,195 $ 351,632 Depreciation Expense 54,253 58,662 63,524 Cost of real estate sold/written off (13,958) (64,851) (56,961) Balance at end of year $ 392,301 $ 352,006 $ 358,195 Aggregate cost for federal income tax purposes $ 1,923,056 $ 1,905,041 $ 2,128,169

Organization and Summary of S_2

Organization and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Principles of Consolidation	The consolidated financial statements include the accounts of us and our majority owned subsidiary, RPT Realty, L.P., a Delaware limited partnership (the “Operating Partnership” which was 97.7% owned by us at December 31, 2020, 2019 and 2018), and all wholly-owned subsidiaries, including entities in which we have a controlling interest or have been determined to be the primary beneficiary of a variable interest entity (“VIE”). The presentation of consolidated financial statements does not itself imply that assets of any consolidated entity (including any special-purpose entity formed for a particular project) are available to pay the liabilities of any other consolidated entity, or that the liabilities of any other consolidated entity (including any special-purpose entity formed for a particular project) are obligations of any other consolidated entity. Investments in real estate joint ventures over which we have the ability to exercise significant influence, but for which we do not have financial or operating control, are accounted for using the equity method of accounting. Accordingly, our share of the earnings (loss) of these joint ventures is included in consolidated net income (loss). All intercompany transactions and balances are eliminated in consolidation. We own 100% of the non-voting and voting common stock of RPT Realty, Inc., and therefore it is included in the consolidated financial statements. RPT Realty, Inc. has elected to be a taxable REIT subsidiary for federal income tax purposes. RPT Realty, Inc. provides property management services to us and to other entities, including certain real estate joint venture partners.
Use of Estimates	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires our management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and reported amounts that are not readily apparent from other sources.  The Company considered impacts to its estimates related to the current pandemic of the novel coronavirus disease (“COVID-19”) as appropriate, within its consolidated financial statements and there may be changes to those estimates in future periods. The Company believes that its accounting estimates are appropriate after giving consideration to the increased uncertainties surrounding the severity and duration of the COVID-19 pandemic. Actual results could differ from those estimates.
Reclassifications	Certain reclassifications of prior period amounts have been made in the consolidated financial statements and footnotes in order to conform to the current presentation.
Revenue Recognition and Accounts Receivable	Our shopping center space is generally leased to retail tenants under leases that are classified as operating leases. We recognize minimum rents using the straight-line method over the terms of the leases commencing when the tenant takes possession of the space or when construction of landlord funded improvements is substantially complete. Certain of the leases also provide for contingent percentage rental income which is recorded on an accrual basis once the specified target that triggers this type of income is achieved. The leases also provide for reimbursement from tenants for common area maintenance, insurance, real estate taxes and other operating expenses (“recovery income”). The majority of our recovery income is estimated and recognized as revenue in the period the recoverable costs are incurred or accrued. Revenues from management, leasing, and other fees are recognized in the period in which the services have been provided and the earnings process is complete. Lease termination income is recognized when a lease termination agreement is executed by the parties and the tenant vacates the space. When a lease is terminated early but the tenant continues to control the space under a modified lease agreement, the lease termination fee is generally recognized evenly over the remaining term of the modified lease agreement. Current accounts receivable from tenants primarily relate to contractual minimum rent, percentage rent and recovery income. In accordance with ASC 842, income from operating leases is recognized on a straight-line basis over the expected term of the lease for all leases for which collectibility is considered probable at the commencement date. We monitor the collectability of our accounts receivable from specific tenants on an ongoing basis, analyze historical experience, tenant creditworthiness, current economic trends and changes in tenant payment terms when evaluating the likelihood of tenant payment. For operating leases in which collectibility of rental income is not considered probable, rental income is recognized on the lesser of cash or accrual basis, and allowances are taken for those balances that we have reason to believe may be uncollectible in the period it is determined not to be probable of collection. When tenants are in bankruptcy, we make estimates of the expected recovery of pre-petition and post-petition claims. The period to resolve these claims can exceed one year. Management believes the allowance for doubtful accounts is adequate to absorb currently estimated rental income not probable of collection. However, if we experience actual activity in excess of the allowance we have established, our operating income would be reduced. At December 31, 2020 and 2019, our accounts receivable were $26.6 million and $25.0 million, respectively, net of allowances for doubtful accounts of $13.0 million and $1.0 million, respectively. The increase in the allowance for doubtful accounts during the current year is primarily attributable to increased uncertainty regarding the collectibility of certain tenant receivables due to the economic impact of the COVID-19 pandemic. In addition, many of our leases contain non-contingent rent escalations for which we recognize income on a straight-line basis over the non-cancelable lease term. This method results in rental income in the early years of a lease being higher than actual cash received, creating a straight-line rent receivable asset which is included in the “Other assets, net” line item in our consolidated balance sheets. We review our unbilled straight-line rent receivable balance to determine the future collectability of revenue that will not be billed to or collected from tenants due to early lease terminations, lease modifications, bankruptcies and other factors. Our evaluation is based on our assessment of tenant credit risk changes indicating that expected future straight-line rent may not be realized. Depending on circumstances, we may provide a reserve against the previously recognized straight-line rent receivable asset for a portion, up to its full value, that we estimate may not be received. The balance of straight-line rent receivable at December 31, 2020 and 2019, net of allowances of $4.1 million and $1.8 million, respectively, was $17.6 million and $19.6 million, respectively. To the extent any of the tenants under these leases become unable to pay its contractual cash rents, we may be required to write down the straight-line rent receivable from that tenant, which would reduce our operating income. The increase in the straight-line rent receivable allowance during the current year is primarily attributable to increased uncertainty regarding the collectibility of certain tenant receivables due to the economic impact of the COVID-19 pandemic.
Real Estate	Real estate assets that we own directly are stated at cost less accumulated depreciation. Depreciation is computed using the straight-line method. The estimated useful lives for computing depreciation are generally 10 – 40 years for buildings and improvements and 5 – 30 years for parking lot surfacing and equipment. We capitalize all capital improvement expenditures associated with replacements and improvements to real property that extend the property's useful life and depreciate them over their estimated useful lives ranging from 15 – 25 years. In addition, we capitalize qualifying tenant leasehold improvements and depreciate them over the lesser of the useful life of the improvements or the term of the related tenant lease. We also capitalize direct internal and external costs of procuring leases and amortize them over the base term of the lease. If a tenant vacates before the expiration of its lease, we charge unamortized leasing costs and undepreciated tenant leasehold improvements of no future value to expense. We charge maintenance and repair costs that do not extend an asset’s life to expense as incurred. Sale of a real estate asset is recognized when it is determined that the sale has been consummated, the buyer’s initial and continuing investment is adequate, our receivable, if any, is not subject to future subordination, and the buyer has assumed the usual risks and rewards of ownership of the asset. We will classify properties as held for sale when executed purchase and sales agreement contingencies have been satisfied thereby signifying that the sale is legally binding. Acquisitions of properties are accounted for utilizing the acquisition method and, accordingly, the results of operations of an acquired property are included in our results of operations from the date of acquisition. Estimates of fair values are based upon future cash flows and other valuation techniques in accordance with our fair value measurements policy, which are used to allocate the purchase price of acquired property among land, buildings on an “as if vacant” basis, tenant improvements, identifiable intangibles and any gain on purchase. Identifiable intangible assets and liabilities include the effect of above-and below-market leases, the value of having leases in place (“as-is” versus “as if vacant” and absorption costs), other intangible assets such as assumed tax increment revenue bonds and out-of-market assumed mortgages. Depreciation and amortization are computed using the straight-line method over the estimated useful lives of 40 years for buildings, and over the remaining terms of any intangible asset contracts and the respective tenant leases, which may include bargain renewal options. The impact of these estimates, including estimates in connection with acquisition values and estimated useful lives, could result in significant differences related to the purchased assets, liabilities and subsequent depreciation or amortization expense. Real estate also includes costs incurred in the development of new operating properties and the redevelopment of existing operating properties. These properties are carried at cost and no depreciation is recorded on these assets until the commencement of rental revenue or no later than one year from the completion of major construction. These costs include pre-development costs directly identifiable with the specific project, development and construction costs, interest, real estate taxes and insurance. Interest is capitalized on land under development and buildings under construction based on the weighted average rate applicable to our borrowings outstanding during the period and the weighted average balance of qualified assets under development/redevelopment during the period. Indirect project costs associated with development or construction of a real estate project are capitalized until the earlier of one year following substantial completion of construction or when the property becomes available for occupancy. The capitalized costs associated with development and redevelopment projects are depreciated over the useful life of the improvements. If we determine a development or redevelopment project is no longer probable, we expense all capitalized costs which are not recoverable. It is our policy to start vertical construction on new development projects only after the project has received entitlements, significant anchor leasing commitments, construction financing and joint venture partner commitments, if appropriate. We are in the entitlement and pre-leasing phases at our development projects.
Accounting for the Impairment of Long-Lived Assets	We review our investment in real estate, including any related intangible assets, for impairment on a property-by-property basis whenever events or changes in circumstances indicate that the carrying value of the property may not be recoverable. These changes in circumstances include, but are not limited to, changes in occupancy, rental rates, net operating income, real estate values and expected holding period. The viability of all projects under construction or development, including those owned by unconsolidated joint ventures, is regularly evaluated under applicable accounting requirements, including requirements relating to abandonment of assets or changes in use. To the extent a project, or individual components of the project, is no longer considered to have value, the related capitalized costs are charged against operations. Impairment provisions resulting from any event or change in circumstances, including changes in management’s intentions or management’s analysis of varying scenarios, could be material to our consolidated financial statements.
Investments in Real Estate Joint Ventures	We have three equity investments in unconsolidated joint venture entities in which we own 51.5% or less of the total ownership interest, one of which owns five shopping centers and two of which have no significant activity. Under all of our joint ventures, because we can influence but not make significant decisions without our partners' approval, these investments are accounted for under the equity method of accounting. We provide leasing, construction, development, asset and property management services to these joint ventures for which we are paid fees. We review our equity investments in unconsolidated entities for impairment on a venture-by-venture basis whenever events or changes in circumstances indicate that the carrying value of the equity investment may not be recoverable. In testing for impairment of these equity investments, we primarily use cash flow models, discount rates, and capitalization rates to estimate the fair value of properties held in joint ventures, and mark the debt of the joint ventures to market. Considerable judgment by management is applied when determining whether an equity investment in an unconsolidated entity is impaired and, if so, the amount of the impairment. Changes to assumptions regarding cash flows, discount rates or capitalization rates could be material to our consolidated financial statements.
Deferred Financing Costs	Debt issuance costs related to a recognized debt liability is presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. Unamortized debt issuance costs of $3.6 million and $3.8 million are included in Notes payable, net as of December 31, 2020 and 2019, respectively. Debt issuance costs associated with a line of credit arrangement is classified as an asset and subsequently amortized ratably over the term of the line of credit arrangement, regardless of whether there are any outstanding borrowings on the line of credit arrangement. Unamortized debt issuance costs related to our unsecured revolving credit facility of $2.0 million and $2.7 million are included in Other assets, net as of December 31, 2020 and 2019, respectively.
Other Assets, net	Other assets consist primarily of acquired development agreement intangibles, straight-line rent receivable, deferred leasing costs, deferred financing costs related to our unsecured revolving credit facility and prepaid expenses. Deferred financing costs related to our unsecured revolving credit facility and leasing costs are amortized using the straight-line method over the terms of the respective agreements, which approximates the effective interest method. Should a tenant terminate its lease, the unamortized portion of the leasing cost is expensed.  Unamortized deferred financing costs are expensed when the related agreements are terminated before their scheduled maturity dates.  Lastly, the acquired development agreements are amortized over the terms of the respective agreements.
Cash and Cash Equivalents	We consider all highly liquid investments with an original maturity of three months or less to be cash equivalents.  Cash balances in individual banks may exceed the federally insured limit by the Federal Deposit Insurance Corporation (the “FDIC”).
Recognition of Share-based Compensation Expense	We grant share-based compensation awards to employees and trustees in the form of restricted common shares and cash and equity settled awards, and in the past, we have granted stock options to employees and trustees.  Our share-based award costs are equal to each grant date fair value and are recognized over the service periods of the awards using the graded vesting method.  We recognize forfeitures related to stock awards and stock options as they occur.
Income Tax Status	We made an election, and believe our operating activities permit us to qualify as a REIT for federal income tax purposes.  Accordingly, we generally will not be subject to federal income tax, provided that we distribute at least 90% of our taxable income annually to our shareholders and meet other conditions.  We are obligated to pay state taxes, generally consisting of franchise or gross receipts taxes in certain states which are not material to our consolidated financial statements.Certain of our operations, including property and asset management, as well as ownership of certain land parcels, are conducted through taxable REIT subsidiaries, (“TRSs”) which are subject to federal and state income taxes.  During the years ended December 31, 2020, 2019, and 2018, we sold various properties and land parcels at a gain, resulting in both a federal and state tax liability.
Variable Interest Entities	Certain entities that do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support from other parties or in which equity investors do not have the characteristics of a controlling financial interest qualify as VIEs.  VIEs are required to be consolidated by their primary beneficiary.  The primary beneficiary of a VIE has both (i) the power to direct the activities that most significantly impact economic performance of the VIE, and (ii) the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE. We have evaluated our investments in joint ventures and determined that our joint ventures do not meet the requirements of a VIE and, therefore, consolidation of these ventures is not required.
Noncontrolling Interest in Subsidiaries	There are third parties who have certain noncontrolling interests in the Operating Partnership that are exchangeable for our common shares on a 1:1 basis or cash, at our election.  Noncontrolling interest is classified as a separate component of equity outside of the permanent equity section of our consolidated balance sheets.  Consolidated net income and comprehensive income includes the noncontrolling interest’s share.  The calculation of earnings per share is based on income available to common shareholders.
Segment Information	Our primary business is the ownership, management, redevelopment, development and operation of retail shopping centers.  We do not distinguish our primary business or group our operations on a geographical basis for purposes of measuring performance.  We review operating and financial data for each property on an individual basis and define an operating segment as an individual property.  The individual properties have been aggregated into one reportable segment based upon their similarities with regard to both the nature and economics of the centers, tenants and operational processes, as well as long-term financial performance.  No one individual property constitutes more than 10% of our revenue or property operating income and none of our shopping centers is located outside the United States.  Accordingly, we have a single reportable segment for disclosure purposes.
Significant Risks and Uncertainties	Significant Risks and Uncertainties One of the most significant risks and uncertainties is the potential adverse effect of COVID-19. On February 28, 2020, the World Health Organization (“WHO”) raised its assessment of the COVID-19 threat from high to very high at a global level due to the continued increase in the number of cases and affected countries, and on March 11, 2020, the WHO characterized COVID-19 as a pandemic. On March 13, 2020, the United States declared a national emergency with respect to COVID-19. As a result of COVID-19, we have received numerous rent relief requests, most often in the form of rent deferrals. We have evaluated, and continue to evaluate, each tenant rent relief request on an individual basis, considering a number of factors. While the Company is unable at this time to reasonably estimate the impact that COVID-19 will continue to have on our business, financial position and operating results in future periods due to numerous uncertainties, the Company is closely monitoring the impact of the pandemic on all aspects of its business. A number of our tenants have closed their stores for a period of time as a result of COVID-19 and have requested rent relief, most often in the form of rent deferral, which the Company evaluates on a case-by-case basis. The COVID-19 pandemic has had and will likely to continue to have, repercussions across local, national and global economies and financial markets, including a potential global recession. COVID-19 may continue to have material and adverse effects on our financial condition, results of operations and cash flows in the near term due to, but not limited to, the following: • Reduced economic activity severely impacting our tenants' businesses, financial condition and liquidity and may cause tenants to be unable to fully meet their obligations to us or to otherwise seek modifications of such obligations, resulting in increases in uncollectible receivables and reductions in rental income; • The negative financial impact of COVID-19 could impact our future compliance with financial covenants of our credit agreement and other debt agreements, and as a result, our lenders may require us to accelerate the timing of payments which would have a material adverse effect on our business, operations, financial condition and liquidity, unless we obtain waivers or modifications from our lenders; and • Weaker economic conditions could cause us to recognize impairment in the value of our tangible and intangible assets based on the Company's reasonable assessment. The extent to which COVID-19 impacts our operations and those of our tenants will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the scope, severity and duration of the pandemic, the actions taken to contain the pandemic or mitigate its impact, and the direct and indirect economic effects of the pandemic and containment measures, among others. As such, we are unable to predict the impact that it ultimately will have on its financial condition, results of operations and cash flows.
New Accounting Pronouncements, Policy	Recently Adopted Accounting Pronouncements In April 2020, the FASB issued a staff question-and-answer (“Q&A”) document focused on the application of the lease guidance in ASC 842, Leases, for lease concessions related to the effects of the COVID-19 pandemic. Included in this Q&A, the FASB staff determined that it would be acceptable for entities to make an election to account for lease concessions related to the effects of the COVID-19 pandemic consistent with how those concessions would be accounted for under Topic 842 and Topic 840 as though enforceable rights and obligations for those concessions existed (regardless of whether those enforceable rights and obligations for the concessions explicitly exist in the contract). Consequently, for concessions related to the effects of the COVID-19 pandemic, an entity will not have to analyze each contract to determine whether enforceable rights and obligations for concessions exist in the contract and can elect to apply or not apply the lease modification guidance in Topic 842 and Topic 840 to those contracts. The FASB also acknowledged that some concessions will provide a deferral of payments with no substantive changes to the consideration in the original contract. The FASB indicated that a deferral affects the timing, but the amount of the consideration is substantially the same as that required by the original contract. The staff expects that there will be multiple ways to account for those deferrals, none of which the staff believes is more preferable than the others. Two of those methods are: • Account for the concessions as if no changes to the lease contract were made. Under that accounting, a lessor would increase its lease receivable, and a lessee would increase its accounts payable as receivables/payments accrue. In its income statement, a lessor would continue to recognize income, and a lessee would continue to recognize expense during the deferral period. • Account for the deferred payments as variable lease payments. In cases where we have granted a deferral for future periods as a result of COVID-19, we have accounted for the concessions as if no changes to the lease contract were made. Under that accounting, we have increased our lease receivable as the receivables have accrued. In our statement of operations, we have continued to recognize income during the deferral period to the extent that we believe collection of that income is probable.

Real Estate (Tables)

Real Estate (Tables)	12 Months Ended
	Dec. 31, 2020
Real Estate [Abstract]
Schedule of Land Held for Development	Following is the detail of the construction in progress and land available for development as of December 31, 2020 and 2019: December 31, 2020 2019 (In thousands) Construction in progress $ 8,608 $ 13,777 Land available for development 26,181 28,502 Total $ 34,789 $ 42,279

Property Acquisitions and Dis_2

Property Acquisitions and Dispositions (Tables)	12 Months Ended
	Dec. 31, 2020
Business Combinations [Abstract]
Summary of Acquisitions	The following table provides a summary of our acquisitions during 2020 and 2019: Gross Property Name Location GLA Acreage Date Acquired Purchase Price Assumed Debt (In thousands) (In thousands) 2020 None 2019 Lakehills Plaza Austin, TX 76 N/A 12/06/19 $ 33,922 $ — Total acquisitions 76 — $ 33,922 $ —
Schedule of Total Aggregate Fair Value of Acquisitions Allocated and Reflected in Accordance with Accounting Guidance for Business Combinations	At the time of acquisition, these assets and liabilities were considered Level 3 fair value measurements: December 31, 2019 (In thousands) Land $ 17,987 Buildings and improvements 12,828 Above market leases 223 Lease origination costs 3,235 Other liabilities — Below market leases (351) Net assets acquired $ 33,922 Acquisition Date (In thousands) Land $ 78,019 Buildings and improvements 155,924 Above market leases 2,326 Lease origination costs 22,776 Below market leases (15,045) Net assets acquired $ 244,000
Schedule of Unaudited Pro Forma Information	If the 2019 acquisition had occurred on January 1, 2019, our consolidated revenues and net income for the years ended December 31, 2020 and 2019 would have been as follows: Year Ended December 31, 2020 2019 (in thousands) Consolidated revenue $ 191,712 $ 236,533 Consolidated net income available to common shareholders $ (16,934) $ 85,377
Summary of Unconsolidated Joint Venture Disposition Activity	The following table provides a summary of our disposition activity during 2020 and 2019: Gross Property Name Location GLA Acreage Date Sold Sales Gain (loss) on Sale (In thousands) (In thousands) 2020 None Total income producing dispositions — — $ — $ — Stonegate Land Parcel Kingsport, TN — 14.5 12/22/20 $ 550 $ — Spring Meadows - Outlot Springfield Twp, OH — 1.2 12/23/20 875 318 Total outparcel dispositions — 15.7 $ 1,425 $ 318 Total dispositions — 15.7 $ 1,425 $ 318 2019 East Town Plaza Madison, WI 217 N/A 02/20/19 $ 13,500 $ 1,169 The Shoppes at Fox River Waukesha, WI 332 N/A 03/06/19 55,000 4,533 R2G Venture - 5 Income Producing Properties (1) FL, MI & MO 777 N/A 12/10/19 244,000 75,783 Total income producing dispositions 1,326 — $ 312,500 $ 81,485 Hartland - Outparcel Hartland, MI N/A 1.1 06/28/19 $ 875 $ 371 Total outparcel dispositions — 1.1 $ 875 $ 371 Total dispositions 1,326 1.1 $ 313,375 $ 81,856 (1) We contributed five previously wholly-owned properties to the newly formed joint venture, R2G Venture LLC. Refer to Note 6 of these notes to the consolidated financial statements for additional information. The following table provides a summary of our unconsolidated joint venture property acquisitions during 2020 and 2019: Gross Property Name Location GLA Acreage Date Acquired Purchase Price Assumed Debt (In thousands) (In thousands) 2020 None 2019 RPT Realty - 5 Income Producing Properties (1) FL, MI & MO 777 N/A 12/10/19 $ 244,000 $ — Total acquisitions 777 — $ 244,000 $ — (1) The income producing properties acquired were: (1) Coral Creek Shops located in Coconut Creek, FL, (2) Mission Bay Plaza located in Boca Raton, FL, (3) The Crossroads located in Royal Palm Beach, FL, (3) The Shops at Old Orchard located in West Bloomfield, MI, and (5) Town & Country Crossing located in Town & Country, MO. The following table provides a summary of our unconsolidated joint venture property disposition activity during 2020 and 2019: Gross Property Name Location GLA Ownership % Date Sold Gross Sales Price Gain on Sale (at 100%) (In thousands) (In thousands) 2020 None 2019 Nora Plaza Indianapolis, IN 140 7 % 8/16/19 $ 29,000 $ 5,494 140 $ 29,000 $ 5,494 RPT's proportionate share of gross sales price and gain on sale of joint venture property $ 2,030 $ 385

Impairment Provisions (Tables)

Impairment Provisions (Tables)	12 Months Ended
	Dec. 31, 2020
Real Estate [Abstract]
Schedule of Provisions for Impairment	We established provisions for impairment for the following consolidated assets: Year Ended December 31, 2020 2019 2018 (In thousands) Land available for development $ 598 $ — $ 216 Income producing properties marketed for sale — — 13,434 Total $ 598 $ — $ 13,650

Equity Investments in Unconso_2

Equity Investments in Unconsolidated Joint Ventures (Tables)	12 Months Ended
	Dec. 31, 2020
Equity Method Investments and Joint Ventures [Abstract]
Summary of Combined Financial Information for Unconsolidated Entities, Balance Sheets	Combined financial information of our unconsolidated joint ventures is summarized as follows: December 31, Balance Sheets 2020 2019 (In thousands) ASSETS Investment in real estate, net $ 226,083 $ 233,531 Other assets 26,172 27,463 Total Assets $ 252,255 $ 260,994 LIABILITIES AND OWNERS' EQUITY Other liabilities $ 14,485 $ 15,943 Owners' equity 237,770 245,051 Total Liabilities and Owners' Equity $ 252,255 $ 260,994 RPT's equity investments in unconsolidated joint ventures $ 126,333 $ 130,321
Summary of Combined Financial Information for Unconsolidated Entities, Statements of Operations	Year Ended December 31, Statements of Operations 2020 2019 2018 (In thousands) Total revenue $ 24,438 $ 3,146 $ 3,868 Total expenses (21,301) (2,238) (2,671) Income before other income and expense 3,137 908 1,197 Gain on sale of real estate — 5,494 1,024 Net income $ 3,137 $ 6,402 $ 2,221 RPT's share of earnings from unconsolidated joint ventures $ 1,590 $ 581 $ 589
Summary of Unconsolidated Joint Venture Disposition Activity	The following table provides a summary of our disposition activity during 2020 and 2019: Gross Property Name Location GLA Acreage Date Sold Sales Gain (loss) on Sale (In thousands) (In thousands) 2020 None Total income producing dispositions — — $ — $ — Stonegate Land Parcel Kingsport, TN — 14.5 12/22/20 $ 550 $ — Spring Meadows - Outlot Springfield Twp, OH — 1.2 12/23/20 875 318 Total outparcel dispositions — 15.7 $ 1,425 $ 318 Total dispositions — 15.7 $ 1,425 $ 318 2019 East Town Plaza Madison, WI 217 N/A 02/20/19 $ 13,500 $ 1,169 The Shoppes at Fox River Waukesha, WI 332 N/A 03/06/19 55,000 4,533 R2G Venture - 5 Income Producing Properties (1) FL, MI & MO 777 N/A 12/10/19 244,000 75,783 Total income producing dispositions 1,326 — $ 312,500 $ 81,485 Hartland - Outparcel Hartland, MI N/A 1.1 06/28/19 $ 875 $ 371 Total outparcel dispositions — 1.1 $ 875 $ 371 Total dispositions 1,326 1.1 $ 313,375 $ 81,856 (1) We contributed five previously wholly-owned properties to the newly formed joint venture, R2G Venture LLC. Refer to Note 6 of these notes to the consolidated financial statements for additional information. The following table provides a summary of our unconsolidated joint venture property acquisitions during 2020 and 2019: Gross Property Name Location GLA Acreage Date Acquired Purchase Price Assumed Debt (In thousands) (In thousands) 2020 None 2019 RPT Realty - 5 Income Producing Properties (1) FL, MI & MO 777 N/A 12/10/19 $ 244,000 $ — Total acquisitions 777 — $ 244,000 $ — (1) The income producing properties acquired were: (1) Coral Creek Shops located in Coconut Creek, FL, (2) Mission Bay Plaza located in Boca Raton, FL, (3) The Crossroads located in Royal Palm Beach, FL, (3) The Shops at Old Orchard located in West Bloomfield, MI, and (5) Town & Country Crossing located in Town & Country, MO. The following table provides a summary of our unconsolidated joint venture property disposition activity during 2020 and 2019: Gross Property Name Location GLA Ownership % Date Sold Gross Sales Price Gain on Sale (at 100%) (In thousands) (In thousands) 2020 None 2019 Nora Plaza Indianapolis, IN 140 7 % 8/16/19 $ 29,000 $ 5,494 140 $ 29,000 $ 5,494 RPT's proportionate share of gross sales price and gain on sale of joint venture property $ 2,030 $ 385
Schedule of Total Aggregate Fair Value of Acquisitions Allocated and Reflected in Accordance with Accounting Guidance for Business Combinations	At the time of acquisition, these assets and liabilities were considered Level 3 fair value measurements: December 31, 2019 (In thousands) Land $ 17,987 Buildings and improvements 12,828 Above market leases 223 Lease origination costs 3,235 Other liabilities — Below market leases (351) Net assets acquired $ 33,922 Acquisition Date (In thousands) Land $ 78,019 Buildings and improvements 155,924 Above market leases 2,326 Lease origination costs 22,776 Below market leases (15,045) Net assets acquired $ 244,000
Information for Fees Earned	The following table provides information for our fees earned which are reported in our consolidated statements of operations: Year Ended December 31, 2020 2019 2018 (In thousands) Management fees $ 895 $ 137 $ 159 Leasing fees 490 2 40 Acquisition/disposition fees — 67 55 Construction fees 10 24 — Total $ 1,395 $ 230 $ 254

Other Assets, Net and Acquire_2

Other Assets, Net and Acquired Lease Intangible Assets, Net (Tables)	12 Months Ended
	Dec. 31, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Assets	Other assets, net consisted of the following: December 31, 2020 2019 (In thousands) Deferred leasing costs, net $ 26,908 $ 30,442 Deferred financing costs on unsecured revolving credit facility, net 1,953 2,659 Acquired development agreements (1) 16,973 18,017 Other, net 9,158 9,031 Total amortizable other assets 54,992 60,149 Straight-line rent receivable, net 17,579 19,605 Goodwill 2,089 2,089 Cash flow hedge mark-to-market asset — 2,331 Prepaid and other deferred expenses, net 2,805 2,662 Other assets, net $ 77,465 $ 86,836
Schedule of Acquired Lease Intangible Assets, Net	Acquired lease intangible assets, net consisted of the following: December 31, 2020 2019 (In thousands) Lease originations costs $ 56,505 $ 66,557 Above market leases 3,951 4,840 60,456 71,397 Accumulated amortization (34,102) (37,119) Acquired lease intangibles, net $ 26,354 $ 34,278
Schedule of Estimated Aggregate Amortization Expense Related to Other Assets	The following table represents estimated aggregate amortization expense related to those assets as of December 31, 2020: Year Ending December 31, (In thousands) 2021 $ 13,152 2022 10,821 2023 9,120 2024 7,069 2025 6,210 Thereafter 34,974 Total $ 81,346

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	The following table summarizes our mortgages, notes payable, revolving credit facility and finance lease obligation as of December 31, 2020 and 2019: December 31, Notes Payable and Finance Lease Obligation 2020 2019 (In thousands) Senior unsecured notes $ 535,000 $ 535,000 Unsecured term loan facilities 310,000 310,000 Fixed rate mortgages 85,254 87,581 Unsecured revolving credit facility 100,000 — 1,030,254 932,581 Unamortized premium 1,103 1,995 Unamortized deferred financing costs (3,606) (3,768) $ 1,027,751 $ 930,808 Finance lease obligation $ 875 $ 926 The following table summarizes the Company's senior unsecured notes: December 31, 2020 December 31, 2019 Senior Unsecured Notes Maturity Date Principal Balance Interest Rate/Weighted Average Interest Rate Principal Balance Interest Rate/Weighted Average Interest Rate (in thousands) (in thousands) Senior unsecured notes - 3.75% due 2021 6/27/2021 $ 37,000 3.75 % $ 37,000 3.75 % Senior unsecured notes - 4.12% due 2023 6/27/2023 41,500 4.12 % 41,500 4.12 % Senior unsecured notes - 4.65% due 2024 5/28/2024 50,000 4.65 % 50,000 4.65 % Senior unsecured notes - 4.05% due 2024 11/18/2024 25,000 4.05 % 25,000 4.05 % Senior unsecured notes - 4.27% due 2025 6/27/2025 31,500 4.27 % 31,500 4.27 % Senior unsecured notes - 4.20% due 2025 7/6/2025 50,000 4.20 % 50,000 4.20 % Senior unsecured notes - 4.09% due 2025 9/30/2025 50,000 4.09 % 50,000 4.09 % Senior unsecured notes - 4.74% due 2026 5/28/2026 50,000 4.74 % 50,000 4.74 % Senior unsecured notes - 4.28% due 2026 11/18/2026 25,000 4.28 % 25,000 4.28 % Senior unsecured notes - 4.57% due 2027 12/21/2027 30,000 4.57 % 30,000 4.57 % Senior unsecured notes - 3.64% due 2028 11/30/2028 75,000 3.64 % 75,000 3.64 % Senior unsecured notes - 4.72% due 2029 12/21/2029 20,000 4.72 % 20,000 4.72 % Senior unsecured notes - 4.15% due 2029 12/27/2029 50,000 4.15 % 50,000 4.15 % $ 535,000 4.20 % $ 535,000 4.20 % Unamortized deferred financing costs (1,715) (1,460) Total $ 533,285 $ 533,540 The following table summarizes the Company's unsecured term loan facilities and revolving credit facility: December 31, 2020 December 31, 2019 Unsecured Credit Facilities Maturity Date Principal Balance Interest Rate/Weighted Average Interest Rate Principal Balance Interest Rate/Weighted Average Interest Rate (in thousands) (in thousands) Unsecured term loan due 2023 - fixed rate (1) 3/3/2023 $ 60,000 3.02 % $ 60,000 2.97 % Unsecured term loan due 2024 - fixed rate (2) 11/6/2024 50,000 2.51 % 50,000 2.91 % Unsecured term loan due 2025 - fixed rate (3) 2/6/2025 50,000 2.57 % 50,000 2.66 % Unsecured term loan due 2026 - fixed rate (4) 11/6/2026 50,000 2.95 % 50,000 3.31 % Unsecured term loan due 2027 - fixed rate (5) 2/5/2027 100,000 3.12 % 100,000 3.25 % $ 310,000 2.89 % $ 310,000 3.06 % Unamortized deferred financing costs (1,891) (2,308) Term loans, net $ 308,109 $ 307,692 Revolving credit facility - variable rate 11/6/2023 $ 100,000 1.30 % $ — 2.80 % (1) Swapped to a weighted average fixed rate of 1.77%, plus a credit spread of 1.25%, based on a leverage grid at December 31, 2020. (2) Swapped to a weighted average fixed rate of 1.26%, plus a credit spread of 1.25%, based on a leverage grid at December 31, 2020 (3) Swapped to a weighted average fixed rate of 1.32%, plus a credit spread of 1.25%, based on a leverage grid at December 31, 2020. (4) Swapped to a weighted average fixed rate of 1.30%, plus a credit spread of 1.65%, based on a leverage grid at December 31, 2020. (5) Swapped to a weighted average fixed rate of 1.47%, plus a credit spread of 1.65%, based on a leverage grid at December 31, 2020. The following table summarizes the Company's fixed rate mortgages: December 31, 2020 December 31, 2019 Mortgage Debt Maturity Date Principal Balance Interest Rate/Weighted Average Interest Rate Principal Balance Interest Rate/Weighted Average Interest Rate (in thousands) (in thousands) Bridgewater Falls Shopping Center 2/6/2022 $ 52,274 5.70 % $ 53,423 5.70 % The Shops on Lane Avenue 1/10/2023 28,169 3.76 % 28,650 3.76 % Nagawaukee II 6/1/2026 4,811 5.80 % 5,508 5.80 % $ 85,254 5.06 % $ 87,581 5.07 % Unamortized premium 1,103 1,995 Total $ 86,357 $ 89,576
Schedule of Principal Payments on Mortgages, Notes Payable, and Capital Lease Obligations	The following table presents scheduled principal payments on mortgages, notes payable, revolving credit facility and finance lease payments as of December 31, 2020: Year Ending December 31, Principal Payments Finance Lease Payments (In thousands) 2021 $ 39,508 $ 100 2022 52,397 100 2023 (1) 229,388 100 2024 125,879 100 2025 182,431 100 Thereafter 400,651 700 Subtotal debt 1,030,254 1,200 Unamortized mortgage premium 1,103 — Unamortized deferred financing costs (3,606) — Amounts representing interest — (325) Total $ 1,027,751 $ 875 (1) Scheduled maturities in 2023 include the $100.0 million balance on the unsecured revolving credit facility drawn as of December 31, 2020. The unsecured revolving credit facility has two six-month extensions available at the the Company's option provided compliance with financial covenants is maintained.

Fair Value (Tables)

Fair Value (Tables)	12 Months Ended
	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Schedule of Recorded Amount of Assets and Liabilities Measured at Fair Value on Recurring Basis	The table below presents the recorded amount of assets and liabilities measured at fair value on a recurring basis as of December 31, 2020 and 2019: Balance Sheet Location Total Fair Value Level 1 Level 2 Level 3 2020 (In thousands) Derivative assets - interest rate swaps Other assets $ — $ — $ — $ — Derivative liabilities - interest rate swaps Other liabilities $ (14,468) $ — $ (14,468) $ — 2019 Derivative assets - interest rate swaps Other assets $ 2,331 $ — $ 2,331 $ — Derivative liabilities - interest rate swaps Other liabilities $ (469) $ — $ (469) $ —
Schedule of Recorded Amount of Real Estate Assets Measured at Fair Value on a Nonrecurring Basis	The table below presents the recorded amount of assets at the time they were marked to fair value during the years ended December 31, 2020 and 2019 on a nonrecurring basis. We did not have any material liabilities that were required to be measured at fair value on a nonrecurring basis during the years ended December 31, 2020 and 2019: Assets Total Fair Value Level 1 Level 2 Level 3 Total Impairment (In thousands) 2020 Land available for development $ 504 $ — $ — $ 504 $ (598) Total $ 504 $ — $ — $ 504 $ (598) 2019 None

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of Notional Values and Fair Values of Derivative Financial Instruments	The following table summarizes the notional values and fair values of our derivative financial instruments as of December 31, 2020: Underlying Debt Hedge Type Notional Value Fixed Rate Fair Value Expiration Date (In thousands) (In thousands) Derivative Liabilities Unsecured term loan Cash Flow $ 20,000 1.498 % $ (112) 05/2021 Unsecured term loan Cash Flow 15,000 1.490 % (83) 05/2021 Unsecured term loan Cash Flow 40,000 1.480 % (220) 05/2021 Unsecured term loan Cash Flow 60,000 1.770 % (2,128) 03/2023 Unsecured term loan Cash Flow 30,000 1.260 % (1,193) 11/2024 Unsecured term loan Cash Flow 10,000 1.259 % (397) 11/2024 Unsecured term loan Cash Flow 10,000 1.269 % (401) 11/2024 Unsecured term loan Cash Flow 25,000 1.310 % (1,071) 01/2025 Unsecured term loan Cash Flow 25,000 1.324 % (1,085) 01/2025 Unsecured term loan Cash Flow 50,000 1.297 % (2,522) 11/2026 Unsecured term loan Cash Flow 25,000 1.402 % (1,425) 01/2027 $ 310,000 $ (10,637) Derivative Liabilities - Forward Swaps Unsecured term loan Cash Flow $ 50,000 1.382 % $ (2,541) 01/2027 Unsecured term loan Cash Flow 25,000 1.398 % (1,290) 01/2027 Total Derivative Liabilities $ 385,000 $ (14,468) The following table summarizes the notional values and fair values of our derivative financial instruments as of December 31, 2019: Underlying Debt Hedge Notional Fixed Fair Expiration (In thousands) (In thousands) Derivative Assets Unsecured term loan Cash Flow $ 50,000 1.460 % $ 42 05/2020 Unsecured term loan Cash Flow 20,000 1.498 % 21 05/2021 Unsecured term loan Cash Flow 15,000 1.490 % 18 05/2021 Unsecured term loan Cash Flow 40,000 1.480 % 52 05/2021 $ 125,000 $ 133 Derivative Assets - Forward Swaps Unsecured term loan Cash Flow $ 25,000 1.310 % $ 311 01/2025 Unsecured term loan Cash Flow 25,000 1.324 % 297 01/2025 Unsecured term loan Cash Flow 50,000 1.382 % 797 01/2027 Unsecured term loan Cash Flow 25,000 1.398 % 381 01/2027 Unsecured term loan Cash Flow 25,000 1.402 % 412 01/2027 Total Derivative Assets $ 275,000 $ 2,331 Derivative Liabilities Unsecured term loan Cash Flow $ 15,000 2.150 % $ (26) 05/2020 Unsecured term loan Cash Flow 10,000 2.150 % (17) 05/2020 Unsecured term loan Cash Flow 60,000 1.770 % (426) 03/2023 Total Derivative Liabilities $ 85,000 $ (469)
Summary of Effect of Derivative Financial Instruments on Condensed Consolidated Statements of Operations	The effect of derivative financial instruments on our consolidated statements of operations and comprehensive income for the years ended December 31, 2020 and 2019 is summarized as follows: Amount of Gain (Loss) Location of Gain (Loss) Reclassified from Accumulated OCI into Income Amount of Gain (Loss) Reclassified from Derivatives in Cash Flow Hedging Relationship Year Ended December 31, Year Ended December 31, 2020 2019 2020 2019 (In thousands) (In thousands) Interest rate contracts - assets $ (2,345) $ (2,950) Interest Expense $ 14 $ 1,166 Interest rate contracts - liabilities (11,233) (620) Interest Expense (2,766) 151 Total $ (13,578) $ (3,570) Total $ (2,752) $ 1,317

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2020
Leases [Abstract]
Lessor, Operating Lease, Payments to be Received, Maturity	Approximate future minimum revenues from rentals under non-cancelable operating leases in effect at December 31, 2020, assuming no new or renegotiated leases or option extensions on lease agreements and no early lease terminations were as follows: Year Ending December 31, (In thousands) 2021 $ 151,079 2022 134,092 2023 113,038 2024 93,367 2025 75,279 Thereafter 223,080 Total $ 789,935
Lease, Cost	The components of lease expense were as follows: Year Ended December 31, Statements of Operations Classification 2020 2019 2018 (In thousands) Operating ground lease cost Non-recoverable operating expense $ 1,162 $ 1,162 $ 1,162 Operating administrative lease cost General and administrative expense 581 859 733 Finance lease cost Interest Expense 48 51 53 Supplemental cash flow information related to leases is as follows: Year Ended December 31, 2020 2019 (In thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,467 $ 1,677 Operating cash flows from finance lease 48 51 Financing cash flows from finance lease 52 49
Assets and Liabilities, Lessee	Supplemental balance sheet information related to leases is as follows: Balance Sheet Classification December 31, 2020 December 31, 2019 (In thousands) ASSETS Operating lease assets Operating lease right-of-use assets $ 18,585 $ 19,222 Finance lease asset Land 13,249 13,249 Total leased assets $ 31,834 $ 32,471 LIABILITIES Operating lease liabilities Operating lease liabilities $ 17,819 $ 18,181 Finance lease liability Finance lease liability 875 926 Total lease liabilities $ 18,694 $ 19,107 Weighted Average Remaining Lease Terms Operating leases 71 years 70 years Finance lease 12 years 13 years Weighted Average Incremental Borrowing Rate Operating leases 6.10 % 6.06 % Finance lease 5.23 % 5.23 %
Lessee, Operating Lease, Liability, Maturity	Maturities of lease liabilities as of December 31, 2020 were as follows: Maturity of Lease Liabilities Operating Leases Finance Lease (In thousands) 2021 $ 1,469 $ 100 2022 1,482 100 2023 1,495 100 2024 1,118 100 2025 1,048 100 Thereafter 94,430 700 Total lease payments $ 101,042 $ 1,200 Less imputed interest (83,223) (325) Total $ 17,819 $ 875
Finance Lease, Liability, Maturity	Maturities of lease liabilities as of December 31, 2020 were as follows: Maturity of Lease Liabilities Operating Leases Finance Lease (In thousands) 2021 $ 1,469 $ 100 2022 1,482 100 2023 1,495 100 2024 1,118 100 2025 1,048 100 Thereafter 94,430 700 Total lease payments $ 101,042 $ 1,200 Less imputed interest (83,223) (325) Total $ 17,819 $ 875

Earnings per Common Share (Tabl

Earnings per Common Share (Tables)	12 Months Ended
	Dec. 31, 2020
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings Per Share	The following table sets forth the computation of basic earnings per share (“EPS”): Year Ended December 31, 2020 2019 2018 (In thousands, except per share data) Net (loss) income $ (10,474) $ 93,686 $ 18,036 Net loss (income) attributable to noncontrolling interest 241 (2,175) (417) Preferred share dividends and conversion costs (6,701) (6,701) (6,701) Allocation of income to restricted share awards (136) (533) (460) Net income available to common shareholders $ (17,070) $ 84,277 $ 10,458 Weighted average shares outstanding, Basic 79,998 79,802 79,592 (Loss) Earnings per common share, Basic $ (0.21) $ 1.06 $ 0.13 The following table sets forth the computation of diluted EPS: Year Ended December 31, 2020 2019 2018 (In thousands, except per share data) Net (loss) income $ (10,474) $ 93,686 $ 18,036 Net loss (income) attributable to noncontrolling interest 241 (2,175) (417) Preferred share dividends and conversion costs (1) (6,701) — (6,701) Allocation of income to restricted share awards (136) (533) (460) Net income available to common shareholders $ (17,070) $ 90,978 $ 10,458 Weighted average shares outstanding, Basic 79,998 79,802 79,592 Restricted share awards using the treasury method (1) — 939 496 Dilutive effect of securities (2) — 6,981 — Weighted average shares outstanding, Diluted 79,998 87,722 80,088 Earnings per common share, Diluted $ (0.21) $ 1.04 $ 0.13 (1) Restricted stock awards are not included in the diluted per share calculation where the effect of their inclusion would be anti-dilutive. (2) The assumed conversion of preferred shares is dilutive for the year ended December 31, 2019 and anti-dilutive for all other periods presented.
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The following table presents the outstanding securities that were excluded from the computation of diluted earnings per share and the number of common shares each was convertible into (in thousands): Year Ended December 31, 2020 2019 2018 Issued Converted Issued Converted Issued Converted Operating Partnership Units 1,909 1,909 1,909 1,909 1,909 1,909 Series D Preferred Shares 1,849 7,017 — — 1,849 6,858 Restricted Stock Awards 1,571 496 — — — — 5,329 9,422 1,909 1,909 3,758 8,767

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2020
Equity [Abstract]
Summary of Dividends Declared and Paid	The following table provides a summary of dividends declared and paid per share: Year Ended December 31, 2020 2019 2018 Declared Paid Declared Paid Declared Paid Common shares $ 0.220 $ 0.440 $ 0.880 $ 0.880 $ 0.880 $ 0.880 Preferred shares $ 3.625 $ 3.625 $ 3.625 $ 3.625 $ 3.625 $ 3.625 A summary of the income tax status of dividends per share paid is as follows: Year Ended December 31, 2020 2019 2018 Common shares Ordinary dividend (1) $ 0.391 $ 0.250 $ 0.214 Capital gain distribution — 0.376 — Non-dividend distribution 0.049 0.254 0.666 $ 0.440 $ 0.880 $ 0.880 Perpetual Preferred Shares Ordinary dividend (1) $ 3.625 $ 1.448 $ 3.482 Capital gain distribution — 2.177 — $ 3.625 $ 3.625 $ 3.482 (1) Represents qualified REIT dividends that may be eligible for the 20% qualified business income deduction under Section 199A of the Internal Revenue Code if 1986, as amended, that is available for non-corporate taxpayers and is included in "Ordinary Dividends".

Share-Based Compensation and _2

Share-Based Compensation and Other Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2020
Share-based Payment Arrangement [Abstract]
Summary of Activity of Service Based Restricted Shares under LTIP	A summary of the activity of service-based restricted shares under the 2012 LTIP, the Inducement Plan and the 2019 LTIP for the years ended December 31, 2020, 2019 and 2018 is presented below: 2020 2019 2018 Number of Shares Weighted- Average Grant Date Fair Value Number of Shares Weighted- Average Grant Date Fair Value Number of Shares Weighted- Average Grant Date Fair Value Outstanding, beginning of the year 449,643 $ 12.40 354,029 $ 13.05 412,195 $ 15.58 Granted 636,024 8.91 272,711 12.10 492,871 12.99 Vested (205,839) 12.38 (174,343) 13.04 (478,863) 13.57 Forfeited or expired (37,507) 12.78 (2,754) 13.16 (72,174) 13.96 Outstanding, end of the year 842,321 $ 9.75 449,643 $ 12.40 354,029 $ 13.05
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award	The weighted average assumptions used in the Monte Carlo simulation models are summarized in the following table: December 31, 2020 December 31, 2019 Closing share price $8.65 $15.04 Expected dividend rate — % 5.9 % Expected stock price volatility 49.8% - 91.5% 22.6 % Risk-free interest rate 0.1% - 0.3% 1.6 % Expected life (years) 1.0 - 4.00 2.00 Year Ended December 31, 2020 2019 2018 Closing share price $5.03 - $13.09 $12.05 $11.89 - $13.09 Expected dividend rate —% - 6.7% 7.3% 6.7% - 7.4% Expected stock price volatility 23.3% - 46.2% 22.9% 21.5% - 21.8% Risk-free interest rate 0.3% - 0.9% 2.5% 2.3% - 2.7% Expected life (years) 2.85 - 4.18 2.85 2.40 - 2.85

Selected Quarterly Financial _2

Selected Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Results of Operations	The following table sets forth summarized quarterly financial data for the year ended December 31, 2020: Quarters Ended 2020 March 31 (1) June 30 (1) September 30 (1) December 31 (1) (In thousands, except per share amounts) Total revenue $ 52,876 $ 44,627 $ 46,487 $ 47,722 Operating income $ 9,165 $ 6,377 $ 7,469 $ 3,685 Net income (loss) attributable to RPT $ 334 $ (2,888) $ (1,947) $ (5,732) Net loss available to common shareholders $ (1,341) $ (4,563) $ (3,623) $ (7,407) Loss per common share, basic: (1) $ (0.02) $ (0.06) $ (0.05) $ (0.09) Loss per common share, diluted: (1) $ (0.02) $ (0.06) $ (0.05) $ (0.09) (1) EPS amounts are based on weighted average common shares outstanding during the quarter and, therefore, may not agree with the EPS calculated for the year ended December 31, 2020. The following table sets forth summarized quarterly financial data for the year ended December 31, 2019: Quarters Ended 2019 March 31 (1) June 30 (1) September 30 (1) December 31 (1) (In thousands, except per share amounts) Total revenue $ 59,708 $ 57,361 $ 58,921 $ 58,098 Operating income $ 15,430 $ 13,429 $ 14,888 $ 10,275 Net income attributable to RPT $ 10,443 $ 2,893 $ 5,445 $ 72,730 Net income available to common shareholders $ 8,768 $ 1,218 $ 3,769 $ 71,055 Earnings per common share, basic: (1) $ 0.11 $ 0.01 $ 0.05 $ 0.89 Earnings per common share, diluted: (1) $ 0.11 $ 0.01 $ 0.05 $ 0.83 (1) EPS amounts are based on weighted average common shares outstanding during the quarter and, therefore, may not agree with the EPS calculated for the year ended December 31, 2019.

Organization and Summary of S_3

Organization and Summary of Significant Accounting Policies - Additional Information (Details) $ / shares in Units, ft² in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)ft²joint_venturepropertysegment$ / shares	Dec. 31, 2019USD ($)ft²$ / shares	Dec. 31, 2018USD ($)
Basis of Presentation [Line Items]
Common shares of beneficial interest, par value, (in dollars per share) | $ / shares	$ 0.01	$ 0.01
Number of income producing properties | property	5
Area of real estate property | ft²		76
Number of joint ventures | joint_venture	3
Number of joint ventures without real estate properties | joint_venture	2
Annual Federal Income Tax Rate, Percent	90.00%
Non-voting and voting common stock, percentage of ownership	100.00%
Accounts receivable, net	$ 26,571,000	$ 24,974,000
Allowances for doubtful accounts receivable	13,000,000	1,000,000
Allowance for straight line rent	4,100,000	1,800,000
Straight-line rent receivable, net	$ 17,600,000	19,600,000
Maximum period project is not depreciated following completion	1 year
Maximum period indirect project costs associated with construction are capitalized	1 year
Provision for impairment	$ 598,000	0	$ 13,650,000
Number of joint ventures with real estate properties | joint_venture	5
Impairment on equity method investments	$ 0	0	0
Deferred financing costs, net	3,606,000	3,768,000
Deferred financing costs on unsecured revolving credit facility, net	1,953,000	2,659,000
Amount in excess of the FDIC insured limit	$ 209,200,000
Noncontrolling interest, exchange ratio for Company common stock	1
Number of reportable segment individual properties aggregated | segment	1
Buildings and improvements
Basis of Presentation [Line Items]
Property plant and equipment, estimated useful lives	40 years
Land available for development
Basis of Presentation [Line Items]
Provision for impairment	$ 598,000	$ 0	$ 216,000
Minimum | Buildings and improvements
Basis of Presentation [Line Items]
Property plant and equipment, estimated useful lives	10 years
Minimum | Parking lot surfacing and equipment
Basis of Presentation [Line Items]
Property plant and equipment, estimated useful lives	5 years
Minimum | Other capitalized property plant and equipment
Basis of Presentation [Line Items]
Property plant and equipment, estimated useful lives	15 years
Maximum | Buildings and improvements
Basis of Presentation [Line Items]
Property plant and equipment, estimated useful lives	40 years
Maximum | Parking lot surfacing and equipment
Basis of Presentation [Line Items]
Property plant and equipment, estimated useful lives	30 years
Maximum | Other capitalized property plant and equipment
Basis of Presentation [Line Items]
Property plant and equipment, estimated useful lives	25 years
RPT Realty, L.P.
Basis of Presentation [Line Items]
Ownership interest in Ramco-Gershenson Properties, L. P.	97.70%	97.70%	97.70%
Joint Venture One
Basis of Presentation [Line Items]
Percentage of ownership interest	51.50%
Joint Venture Two
Basis of Presentation [Line Items]
Percentage of ownership interest	30.00%
Joint Venture Three
Basis of Presentation [Line Items]
Percentage of ownership interest	7.00%
Joint Venture Four
Basis of Presentation [Line Items]
Percentage of ownership interest	51.50%
Shopping centers
Basis of Presentation [Line Items]
Number of real estate properties | property	49
Area of real estate property | ft²	11,900

Real Estate - Land Held for Dev

Real Estate - Land Held for Development (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Real Estate [Abstract]
Construction in progress	$ 8,608	$ 13,777
Land available for development	26,181	28,502
Total	$ 34,789	$ 42,279

Property Acquisitions and Dis_3

Property Acquisitions and Dispositions - Summary of Acquisitions (Details) ft² in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)aft²
Business Acquisition [Line Items]
GLA | ft²	76
Acreage | a	0
Gross purchase price	$ 33,922
Gross debt	$ 0
Lakehills Plaza
Business Acquisition [Line Items]
GLA | ft²	76
Gross purchase price	$ 33,922
Gross debt	$ 0

Property Acquisitions and Dis_4

Property Acquisitions and Dispositions - Total Aggregate Fair Value of Acquisitions Allocated and Reflected in Accordance with Accounting Guidance for Business Combinations (Details) - Level 3 $ in Thousands	Dec. 31, 2019USD ($)
Business Acquisition [Line Items]
Land	$ 17,987
Buildings and improvements	12,828
Lease origination costs	3,235
Other liabilities	0
Below market leases	(351)
Net assets acquired	33,922
Above market leases
Business Acquisition [Line Items]
Above market leases	$ 223

Property Acquisitions and Dis_5

Property Acquisitions and Dispositions - Unaudited Pro Forma Information (Details) - Total consolidated income producing acquisitions - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Business Acquisition [Line Items]
Consolidated revenue	$ 191,712	$ 236,533
Consolidated net income available to common shareholders	$ (16,934)	$ 85,377

Property Acquisitions and Dis_6

Property Acquisitions and Dispositions - Summary of Disposition Activity (Details) ft² in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)ft²apropertynumberOfProperties	Dec. 31, 2019USD ($)ft²a
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
GLA | ft²		76
Acreage | a		0
Number of income producing properties | property	5
Income producing property and land and outparcel disposition
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
GLA | ft²	0	1,326
Acreage | a	15.7	1.1
Gross Sales Price	$ 1,425	$ 313,375
Gross Gain (loss) on Sale	$ 318	$ 81,856
Income Producing Property Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
GLA | ft²	0	1,326
Gross Sales Price	$ 0	$ 312,500
Gross Gain (loss) on Sale	$ 0	$ 81,485
Consolidated / outparcel dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Acreage | a	15.7	1.1
Gross Sales Price	$ 1,425	$ 875
Gross Gain (loss) on Sale	$ 318	$ 371
Stonegate Land Parcel | Consolidated / outparcel dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Acreage | a	14.5
Gross Sales Price	$ 550
Gross Gain (loss) on Sale	$ 0
Spring Meadows - Outlot | Consolidated / outparcel dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Acreage | a	1.2
Gross Sales Price	$ 875
Gross Gain (loss) on Sale	$ 318
East Town Plaza | Income Producing Property Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
GLA | ft²		217
Gross Sales Price		$ 13,500
Gross Gain (loss) on Sale		$ 1,169
The Shoppes at Fox River | Income Producing Property Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
GLA | ft²		332
Gross Sales Price		$ 55,000
Gross Gain (loss) on Sale		$ 4,533
R2G Venture LLC - 5 Income Producing Properties | Income Producing Property Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
GLA | ft²		777
Gross Sales Price		$ 244,000
Gross Gain (loss) on Sale		$ 75,783
Number of income producing properties | numberOfProperties	5
Hartland - Outparcel | Consolidated / outparcel dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Acreage | a		1.1
Gross Sales Price		$ 875
Gross Gain (loss) on Sale		$ 371

Impairment Provisions - Schedul

Impairment Provisions - Schedule of Provisions for Impairment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Impaired Long-Lived Assets Held and Used [Line Items]
Provision for impairment	$ 598	$ 0	$ 13,650
Land available for development
Impaired Long-Lived Assets Held and Used [Line Items]
Provision for impairment	598	0	216
Income producing properties marketed for sale
Impaired Long-Lived Assets Held and Used [Line Items]
Provision for impairment	$ 0	$ 0	$ 13,434

Equity Investments in Unconso_3

Equity Investments in Unconsolidated Joint Ventures - Additional Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)joint_ventureproperty	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Schedule of Equity Method Investments [Line Items]
Number of joint ventures	3
Number of income producing properties | property	5
Number of joint ventures without real estate properties	2
Other gain on unconsolidated joint ventures | $	$ 0	$ 237	$ 5,208
R2G Venture LLC
Schedule of Equity Method Investments [Line Items]
Percentage of ownership interest	51.50%
Ramco/Lion Venture LLP
Schedule of Equity Method Investments [Line Items]
Percentage of ownership interest	30.00%
Ramco HHF NP LLC
Schedule of Equity Method Investments [Line Items]
Percentage of ownership interest	7.00%

Equity Investments in Unconso_4

Equity Investments in Unconsolidated Joint Ventures - Summary of Combined Financial Information of Unconsolidated Entities, Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
ASSETS
Investment in real estate, net	$ 1,463,248	$ 1,508,376
Other assets	77,465	86,836
TOTAL ASSETS	1,950,040	1,918,559
LIABILITIES AND OWNERS' EQUITY
Other liabilities	19,928	6,339
Owners' equity	782,394	828,240
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	1,950,040	1,918,559
RPT's equity investments in unconsolidated joint ventures	126,333	130,321
Equity Method Investment, Nonconsolidated Investee or Group of Investees
ASSETS
Investment in real estate, net	226,083	233,531
Other assets	26,172	27,463
TOTAL ASSETS	252,255	260,994
LIABILITIES AND OWNERS' EQUITY
Other liabilities	14,485	15,943
Owners' equity	237,770	245,051
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	252,255	260,994
RPT's equity investments in unconsolidated joint ventures	$ 126,333	$ 130,321

Equity Investments in Unconso_5

Equity Investments in Unconsolidated Joint Ventures - Summary of Combined Financial Information of Unconsolidated Entities, Statements of Operations (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Schedule of Equity Method Investments [Line Items]
Total revenue	$ 47,722	$ 46,487	$ 44,627	$ 52,876	$ 58,098	$ 58,921	$ 57,361	$ 59,708	$ 191,712	$ 234,088	$ 260,622
Total expenses									(165,016)	(180,066)	(208,362)
NET (LOSS) INCOME BEFORE TAX									(10,499)	93,865	18,234
Gain on sale of real estate									318	81,856	3,994
NET (LOSS) INCOME									(10,474)	93,686	18,036
RPT's share of earnings from unconsolidated joint ventures									1,590	581	589
Equity Method Investment, Nonconsolidated Investee or Group of Investees
Schedule of Equity Method Investments [Line Items]
Total revenue									24,438	3,146	3,868
Total expenses									(21,301)	(2,238)	(2,671)
NET (LOSS) INCOME BEFORE TAX									3,137	908	1,197
Gain on sale of real estate									0	5,494	1,024
NET (LOSS) INCOME									$ 3,137	$ 6,402	$ 2,221

Equity Investments in Unconso_6

Equity Investments in Unconsolidated Joint Ventures - Summary of Unconsolidated Joint Venture Acquisition Activity (Details) ft² in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)ft²property	Dec. 31, 2020property
Schedule of Equity Method Investments [Line Items]
Number of income producing properties | property		5
GLA | ft²	76
R2G Venture LLC | R2G Venture LLC - 5 Income Producing Properties
Schedule of Equity Method Investments [Line Items]
Number of income producing properties | property	5
GLA | ft²	777
Gross purchase price | $	$ 244,000
Gross assumed debt | $	$ 0

Equity Investments in Unconso_7

Equity Investments in Unconsolidated Joint Ventures - Total Aggregate Fair Value of Acquisitions Allocated and Reflected in Accordance with Accounting Guidance for Business Combinations (Details) - Level 3 - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 10, 2019
Schedule of Equity Method Investments [Line Items]
Land	$ 17,987
Buildings and improvements	12,828
Lease origination costs	3,235
Below market leases	(351)
Net assets acquired	$ 33,922
Unconsolidated joint ventures
Schedule of Equity Method Investments [Line Items]
Land		$ 78,019
Buildings and improvements		155,924
Above market leases		2,326
Lease origination costs		22,776
Below market leases		(15,045)
Net assets acquired		$ 244,000

Equity Investments in Unconso_8

Equity Investments in Unconsolidated Joint Ventures - Summary of Unconsolidated Joint Venture Disposition Activity (Details) ft² in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)ft²
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
GLA | ft²	76
Other Joint Ventures One
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
JV's gross sale price of real estate property	$ 2,030
JV's gross gain on sale price or real estate property	$ 385
Other Joint Ventures One | Unconsolidated joint ventures
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
GLA | ft²	140
JV's gross sale price of real estate property	$ 29,000
JV's gross gain on sale price or real estate property	$ 5,494
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Other Joint Ventures One | Unconsolidated joint ventures | Nora Plaza
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
GLA | ft²	140
Ownership %	7.00%
JV's gross sale price of real estate property	$ 29,000
JV's gross gain on sale price or real estate property	$ 5,494

Equity Investments in Unconso_9

Equity Investments in Unconsolidated Joint Ventures - Information of Fees Earned (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Schedule of Equity Method Investments [Line Items]
Total revenue	$ 47,722	$ 46,487	$ 44,627	$ 52,876	$ 58,098	$ 58,921	$ 57,361	$ 59,708	$ 191,712	$ 234,088	$ 260,622
Management and other fee income
Schedule of Equity Method Investments [Line Items]
Total revenue									1,395	230	254
Unconsolidated Joint Ventures | Management and other fee income
Schedule of Equity Method Investments [Line Items]
Total revenue									1,395	230	254
Unconsolidated Joint Ventures | Management fees
Schedule of Equity Method Investments [Line Items]
Total revenue									895	137	159
Unconsolidated Joint Ventures | Leasing fees
Schedule of Equity Method Investments [Line Items]
Total revenue									490	2	40
Unconsolidated Joint Ventures | Acquisition/disposition fees
Schedule of Equity Method Investments [Line Items]
Total revenue									0	67	55
Unconsolidated Joint Ventures | Construction fees
Schedule of Equity Method Investments [Line Items]
Total revenue									$ 10	$ 24	$ 0

Other Assets, Net and Acquire_3

Other Assets, Net and Acquired Lease Intangible Assets, Net - Schedule of Other Assets (Details) $ in Thousands	Dec. 31, 2020USD ($)numberOfProperties	Dec. 31, 2019USD ($)
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deferred leasing costs, net	$ 26,908	$ 30,442
Deferred financing costs on unsecured revolving credit facility, net	1,953	2,659
Acquired development agreements	16,973	18,017
Other, net	9,158	9,031
Total amortizable other assets	54,992	60,149
Straight-line rent receivable, net	17,579	19,605
Goodwill	2,089	2,089
Cash flow hedge mark-to-market asset	0	2,331
Prepaid and other deferred expenses, net	2,805	2,662
Other assets, net	77,465	$ 86,836
Public improvement fee	13,000
Real estate tax exemption	$ 4,000
Real estate tax exemption, number of properties | numberOfProperties	2

Other Assets, Net and Acquire_4

Other Assets, Net and Acquired Lease Intangible Assets, Net - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Straight-line rent receivables	$ 4,100	$ 1,800
Remaining weighted-average amortization period	11 years 1 month 6 days
Amortization of intangible assets	$ 700	$ 800	$ 1,600
Other assets and acquired lease intangibles, net, subject to amortization	$ 81,346

Other Assets, Net and Acquire_5

Other Assets, Net and Acquired Lease Intangible Assets, Net - Schedule of Acquired Lease Intangible Assets, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Acquired lease intangible assets	$ 60,456	$ 71,397
Accumulated amortization	(34,102)	(37,119)
Acquired lease intangibles, net	26,354	34,278
Lease originations costs
Finite-Lived Intangible Assets [Line Items]
Acquired lease intangible assets	56,505	66,557
Above market leases
Finite-Lived Intangible Assets [Line Items]
Acquired lease intangible assets	$ 3,951	$ 4,840

Other Assets, Net and Acquire_6

Other Assets, Net and Acquired Lease Intangible Assets, Net - Schedule of Estimated Aggregate Amortization Expense Related to Other Assets (Details) $ in Thousands	Dec. 31, 2020USD ($)
Amortization Expense of Other Assets, Fiscal Year Maturity [Abstract]
2021	$ 13,152
2022	10,821
2023	9,120
2024	7,069
2025	6,210
Thereafter	34,974
Total	$ 81,346

Debt - Summary of Mortgages, No

Debt - Summary of Mortgages, Notes Payable and Capital Lease Obligations (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Debt Disclosure [Abstract]
Senior unsecured notes	$ 535,000	$ 535,000
Unsecured term loan facilities	310,000	310,000
Fixed rate mortgages	85,254	87,581
Unsecured revolving credit facility	100,000	0
Subtotal debt	1,030,254	932,581
Unamortized premium	1,103	1,995
Unamortized deferred financing costs	(3,606)	(3,768)
Total	1,027,751	930,808
Finance lease obligation	$ 875	$ 926

Debt - Additional Information (

Debt - Additional Information (Details)	Nov. 06, 2019USD ($)extension_optiontranche	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Debt Instrument [Line Items]
Finance ground lease, gross carrying value		$ 13,200,000
Finance ground lease, amount expensed as interest		48,000	$ 51,000	$ 53,000
Capital ground lease, amount expensed as interest				$ 100,000
Revolving Credit Facility
Debt Instrument [Line Items]
Letters of credit outstanding		0
Unsecured revolving credit facility, remaining borrowing capacity		$ 250,000,000
Line of Credit | Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 350,000,000
Extension term	1 year
Number of extension options | extension_option	2
Extension option	6 months
Extension fee	0.075%
Fixed interest rate		1.30%	2.80%
Unsecured Debt | Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 310,000,000
Debt instrument, number of maturity tranches | tranche	5
Increased borrowing capacity limit	$ 340,000,000
Higher borrowing capacity option	$ 1,000,000,000
Fixed Rate Mortgages
Debt Instrument [Line Items]
Debt instrument, collateral amount		$ 146,200,000
Minimum | Revolving Credit Facility | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Revolving credit facility spread above LIBOR (as a percentage)	1.05%
Minimum | Unsecured Debt | Revolving Credit Facility | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Revolving credit facility spread above LIBOR (as a percentage)	1.20%
Maximum | Revolving Credit Facility | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Revolving credit facility spread above LIBOR (as a percentage)	1.50%
Maximum | Unsecured Debt | Revolving Credit Facility | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Revolving credit facility spread above LIBOR (as a percentage)	2.20%
Floating Rate Debt
Debt Instrument [Line Items]
Long term debt, fair value		$ 100,000,000	$ 100,000,000

Debt - Senior Unsecured Notes (

Debt - Senior Unsecured Notes (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Senior unsecured notes	$ 1,030,254	$ 932,581
Total	1,027,751	930,808
Senior Notes
Debt Instrument [Line Items]
Senior unsecured notes	535,000	535,000
Unamortized deferred financing costs	(1,715)	(1,460)
Total	$ 533,285	$ 533,540
Weighted average interest rate	4.20%	4.20%
Senior Notes | Senior unsecured notes - 3.75% due 2021
Debt Instrument [Line Items]
Senior unsecured notes	$ 37,000	$ 37,000
Stated interest rate	3.75%	3.75%
Senior Notes | Senior unsecured notes - 4.12% due 2023
Debt Instrument [Line Items]
Senior unsecured notes	$ 41,500	$ 41,500
Stated interest rate	4.12%	4.12%
Senior Notes | Senior unsecured notes - 4.65% due 2024
Debt Instrument [Line Items]
Senior unsecured notes	$ 50,000	$ 50,000
Stated interest rate	4.65%	4.65%
Senior Notes | Senior unsecured notes - 4.05% due 2024
Debt Instrument [Line Items]
Senior unsecured notes	$ 25,000	$ 25,000
Stated interest rate	4.05%	4.05%
Senior Notes | Senior unsecured notes - 4.27% due 2025
Debt Instrument [Line Items]
Senior unsecured notes	$ 31,500	$ 31,500
Stated interest rate	4.27%	4.27%
Senior Notes | Senior unsecured notes - 4.20% due 2025
Debt Instrument [Line Items]
Senior unsecured notes	$ 50,000	$ 50,000
Stated interest rate	4.20%	4.20%
Senior Notes | Senior unsecured notes - 4.09% due 2025
Debt Instrument [Line Items]
Senior unsecured notes	$ 50,000	$ 50,000
Stated interest rate	4.09%	4.09%
Senior Notes | Senior unsecured notes - 4.74% due 2026
Debt Instrument [Line Items]
Senior unsecured notes	$ 50,000	$ 50,000
Stated interest rate	4.74%	4.74%
Senior Notes | Senior unsecured notes - 4.28% due 2026
Debt Instrument [Line Items]
Senior unsecured notes	$ 25,000	$ 25,000
Stated interest rate	4.28%	4.28%
Senior Notes | Senior unsecured notes - 4.57% due 2027
Debt Instrument [Line Items]
Senior unsecured notes	$ 30,000	$ 30,000
Stated interest rate	4.57%	4.57%
Senior Notes | Senior unsecured notes - 3.64% due 2028
Debt Instrument [Line Items]
Senior unsecured notes	$ 75,000	$ 75,000
Stated interest rate	3.64%	3.64%
Senior Notes | Senior unsecured notes - 4.72% due 2029
Debt Instrument [Line Items]
Senior unsecured notes	$ 20,000	$ 20,000
Stated interest rate	4.72%	4.72%
Senior Notes | Senior unsecured notes - 4.15% due 2029
Debt Instrument [Line Items]
Senior unsecured notes	$ 50,000	$ 50,000
Stated interest rate	4.15%	4.15%

Debt - Unsecured Term Loan Secu

Debt - Unsecured Term Loan Securities and Revolving Credit Facilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Senior unsecured notes and unsecured term loans	$ 1,030,254	$ 932,581
Total	1,027,751	930,808
Unsecured revolving credit facility	100,000	0
Revolving Credit Facility | Unsecured Debt
Debt Instrument [Line Items]
Senior unsecured notes and unsecured term loans	310,000	310,000
Unamortized deferred financing costs	(1,891)	(2,308)
Total	$ 308,109	$ 307,692
Weighted average interest rate	2.89%	3.06%
Revolving Credit Facility | Unsecured Debt | Unsecured Term Loan Due 2023
Debt Instrument [Line Items]
Senior unsecured notes and unsecured term loans	$ 60,000	$ 60,000
Stated interest rate	3.02%	2.97%
Percentage bearing fixed interest	1.77%
Revolving credit facility spread above LIBOR (as a percentage)	1.25%
Revolving Credit Facility | Unsecured Debt | Unsecured Term Loan Due 2024
Debt Instrument [Line Items]
Senior unsecured notes and unsecured term loans	$ 50,000	$ 50,000
Stated interest rate	2.51%	2.91%
Percentage bearing fixed interest	1.26%
Revolving credit facility spread above LIBOR (as a percentage)	1.25%
Revolving Credit Facility | Unsecured Debt | Unsecured Term Loan Due 2025
Debt Instrument [Line Items]
Senior unsecured notes and unsecured term loans	$ 50,000	$ 50,000
Stated interest rate	2.57%	2.66%
Percentage bearing fixed interest	1.32%
Revolving credit facility spread above LIBOR (as a percentage)	1.25%
Revolving Credit Facility | Unsecured Debt | Unsecured Term Loan Due 2026
Debt Instrument [Line Items]
Senior unsecured notes and unsecured term loans	$ 50,000	$ 50,000
Stated interest rate	2.95%	3.31%
Percentage bearing fixed interest	1.30%
Revolving credit facility spread above LIBOR (as a percentage)	1.65%
Revolving Credit Facility | Unsecured Debt | Unsecured Term Loan Due 2027
Debt Instrument [Line Items]
Senior unsecured notes and unsecured term loans	$ 100,000	$ 100,000
Stated interest rate	3.12%	3.25%
Percentage bearing fixed interest	1.47%
Revolving credit facility spread above LIBOR (as a percentage)	1.65%
Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Unsecured revolving credit facility	$ 100,000	$ 0
Stated interest rate	1.30%	2.80%

Debt - Mortgages (Details)

Debt - Mortgages (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Senior unsecured notes	$ 1,030,254	$ 932,581
Unamortized mortgage premium	1,103	1,995
Total	1,027,751	930,808
Mortgages
Debt Instrument [Line Items]
Senior unsecured notes	85,254	87,581
Unamortized mortgage premium	1,103	1,995
Total	$ 86,357	$ 89,576
Weighted average interest rate	5.06%	5.07%
Mortgages | Bridgewater Falls Shopping Center
Debt Instrument [Line Items]
Senior unsecured notes	$ 52,274	$ 53,423
Stated interest rate	5.70%	5.70%
Mortgages | The Shops on Lane Avenue
Debt Instrument [Line Items]
Senior unsecured notes	$ 28,169	$ 28,650
Stated interest rate	3.76%	3.76%
Mortgages | Nagawaukee II
Debt Instrument [Line Items]
Senior unsecured notes	$ 4,811	$ 5,508
Stated interest rate	5.80%	5.80%

Debt - Schedule of Principal Pa

Debt - Schedule of Principal Payments on Mortgages, Notes Payable, and Capital Lease Obligations (Details) $ in Thousands	Nov. 06, 2019extension_option	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Principal Payments
2021		$ 39,508
2022		52,397
2023		229,388
2024		125,879
2025		182,431
Thereafter		400,651
Subtotal debt		1,030,254	$ 932,581
Unamortized mortgage premium		1,103	1,995
Unamortized deferred financing costs		(3,606)	(3,768)
Total		1,027,751	930,808
Finance Lease
2021		100
2022		100
2023		100
2024		100
2025		100
Thereafter		700
Total lease payments		1,200
Less imputed interest		(325)
Finance lease liability		875	926
Unsecured revolving credit facility		100,000	0
Revolving Credit Facility | Line of Credit
Finance Lease
Unsecured revolving credit facility		$ 100,000	$ 0
Number of extension options | extension_option	2
Extension option	6 months

Acquired Lease Intangible Lia_2

Acquired Lease Intangible Liabilities, Net - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Other Liabilities Disclosure [Abstract]
Acquired lease intangibles, net	$ 35,283	$ 38,898
Increase in revenue, accretion of below market leases	$ 3,600	$ 7,600	$ 11,400

Fair Value - Recorded Amount of

Fair Value - Recorded Amount of Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets - interest rate swaps	$ 0	$ 2,331
Derivative liabilities - interest rate swaps	(14,468)	(469)
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets - interest rate swaps	0	0
Derivative liabilities - interest rate swaps	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets - interest rate swaps	0	2,331
Derivative liabilities - interest rate swaps	(14,468)	(469)
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets - interest rate swaps	0	0
Derivative liabilities - interest rate swaps	$ 0	$ 0

Fair Value - Additional Informa

Fair Value - Additional Information (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Fair Value Measurements [Line Items]
Long term debt, carrying value	$ 1,027,751	$ 930,808
Fixed Rate Mortgages
Fair Value Measurements [Line Items]
Long term debt, carrying value	930,300	832,600
Long term debt, fair value	927,500	848,200
Floating Rate Debt
Fair Value Measurements [Line Items]
Long term debt, fair value	$ 100,000	$ 100,000

Fair Value - Recorded Amount _2

Fair Value - Recorded Amount of Real Estate Assets Measured at Fair Value on a Nonrecurring Basis (Details) - Fair Value, Measurements, Nonrecurring $ in Thousands	Dec. 31, 2020USD ($)
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Total Fair Value	$ 504
Total Impairment	(598)
Level 1
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Total Impairment	0
Level 2
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Total Impairment	0
Level 3
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Total Impairment	504
Land available for development
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Total Fair Value	504
Total Impairment	(598)
Land available for development | Level 1
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Total Impairment	0
Land available for development | Level 2
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Total Impairment	0
Land available for development | Level 3
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Total Impairment	$ 504

Derivative Financial Instrume_3

Derivative Financial Instruments - Additional Information (Details)	Dec. 31, 2020USD ($)instrument	Feb. 29, 2020instrument	Feb. 20, 2020USD ($)	Dec. 31, 2019USD ($)instrument	Aug. 31, 2019USD ($)instrument
Interest Rate Contract
Derivative [Line Items]
Aggregate notional amount			$ 100,000,000	$ 210,000,000	$ 150,000,000
Interest Rate Swap
Derivative [Line Items]
Number of interest rate swap agreements | instrument	11	4		7	5
Aggregate notional amount	$ 310,000,000
Interest Rate Swap1
Derivative [Line Items]
Number of interest rate swap agreements | instrument					2
Aggregate notional amount	$ 75,000,000

Derivative Financial Instrume_4

Derivative Financial Instruments - Summary of Notional Values and Fair Values of Derivative Financial Instruments (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Derivative [Line Items]
Derivative liabilities, at fair value	$ (14,468,000)	$ (469,000)
Derivative assets - interest rate swaps	0	2,331,000
Cash Flow Hedging | Designated as Hedging Instrument | Interest Rate Swap1
Derivative [Line Items]
Derivative liability, notional amount	310,000,000
Derivative liabilities, at fair value	(10,637,000)
Derivative asset, notional amount		275,000,000
Derivative assets - interest rate swaps		2,331,000
Cash Flow Hedging | Designated as Hedging Instrument | Interest Rate Swap
Derivative [Line Items]
Derivative liability, notional amount	385,000,000	85,000,000
Derivative liabilities, at fair value	(14,468,000)	(469,000)
Derivative asset, notional amount		125,000,000
Derivative assets - interest rate swaps		$ 133,000
Cash Flow Hedging | Designated as Hedging Instrument | Unsecured term loan facility with: 1.460% Swap Rate, Expiration Date 05/2020
Derivative [Line Items]
Fixed rate (as a percent)		1.46%
Derivative asset, notional amount		$ 50,000,000
Derivative assets - interest rate swaps		$ 42,000
Cash Flow Hedging | Designated as Hedging Instrument | Unsecured term loan facility with: 1.498% Swap Rate, Expiration Date 05/2021
Derivative [Line Items]
Derivative liability, notional amount	$ 20,000,000
Fixed rate (as a percent)	1.498%	1.498%
Derivative liabilities, at fair value	$ (112,000)
Derivative asset, notional amount		$ 20,000,000
Derivative assets - interest rate swaps		$ 21,000
Cash Flow Hedging | Designated as Hedging Instrument | Unsecured term loan facility with: 1.490% Swap Rate, Expiration Date 05/2021
Derivative [Line Items]
Derivative liability, notional amount	$ 15,000,000
Fixed rate (as a percent)	1.49%	1.49%
Derivative liabilities, at fair value	$ (83,000)
Derivative asset, notional amount		$ 15,000,000
Derivative assets - interest rate swaps		$ 18,000
Cash Flow Hedging | Designated as Hedging Instrument | Unsecured term loan facility with: 1.480% Swap Rate, Expiration Date 05/2021
Derivative [Line Items]
Derivative liability, notional amount	$ 40,000,000
Fixed rate (as a percent)	1.48%	1.48%
Derivative liabilities, at fair value	$ (220,000)
Derivative asset, notional amount		$ 40,000,000
Derivative assets - interest rate swaps		52,000
Cash Flow Hedging | Designated as Hedging Instrument | Unsecured term loan facility with: 1.770% Swap Rate, Expiration Date 03/2023
Derivative [Line Items]
Derivative liability, notional amount	$ 60,000,000	$ 60,000,000
Fixed rate (as a percent)	1.77%	1.77%
Derivative liabilities, at fair value	$ (2,128,000)	$ (426,000)
Cash Flow Hedging | Designated as Hedging Instrument | Unsecured term loan facility with: 1.260% Swap Rate, Expiration Date 11/2024
Derivative [Line Items]
Derivative liability, notional amount	$ 30,000,000
Fixed rate (as a percent)	1.26%
Derivative liabilities, at fair value	$ (1,193,000)
Cash Flow Hedging | Designated as Hedging Instrument | Unsecured term loan facility with: 1.259% Swap Rate, Expiration Date 11/2024
Derivative [Line Items]
Derivative liability, notional amount	$ 10,000,000
Fixed rate (as a percent)	1.259%
Derivative liabilities, at fair value	$ (397,000)
Cash Flow Hedging | Designated as Hedging Instrument | Unsecured term loan facility with: 1.269% Swap Rate, Expiration Date 11/2024
Derivative [Line Items]
Derivative liability, notional amount	$ 10,000,000
Fixed rate (as a percent)	1.269%
Derivative liabilities, at fair value	$ (401,000)
Cash Flow Hedging | Designated as Hedging Instrument | Unsecured term loan facility with: 1.310% Swap Rate, Expiration Date 01/2025
Derivative [Line Items]
Derivative liability, notional amount	$ 25,000,000
Fixed rate (as a percent)	1.31%	1.31%
Derivative liabilities, at fair value	$ (1,071,000)
Derivative asset, notional amount		$ 25,000,000
Derivative assets - interest rate swaps		$ 311,000
Cash Flow Hedging | Designated as Hedging Instrument | Unsecured term loan facility with: 1.324% Swap Rate, Expiration Date 01/2025
Derivative [Line Items]
Derivative liability, notional amount	$ 25,000,000
Fixed rate (as a percent)	1.324%	1.324%
Derivative liabilities, at fair value	$ (1,085,000)
Derivative asset, notional amount		$ 25,000,000
Derivative assets - interest rate swaps		$ 297,000
Cash Flow Hedging | Designated as Hedging Instrument | Unsecured term loan facility with: 1.297% Swap Rate, Expiration Date 11/2025
Derivative [Line Items]
Derivative liability, notional amount	$ 50,000,000
Fixed rate (as a percent)	1.297%
Derivative liabilities, at fair value	$ (2,522,000)
Cash Flow Hedging | Designated as Hedging Instrument | Unsecured term loan facility with: 1.402% Swap Rate, Expiration Date 01/2027
Derivative [Line Items]
Derivative liability, notional amount	$ 25,000,000
Fixed rate (as a percent)	1.402%	1.402%
Derivative liabilities, at fair value	$ (1,425,000)
Derivative asset, notional amount		$ 25,000,000
Derivative assets - interest rate swaps		$ 412,000
Cash Flow Hedging | Designated as Hedging Instrument | Unsecured term loan facility with: 1.382% Swap Rate, Expiration Date 01/2027
Derivative [Line Items]
Derivative liability, notional amount	$ 50,000,000
Fixed rate (as a percent)	1.382%	1.382%
Derivative liabilities, at fair value	$ (2,541,000)
Derivative asset, notional amount		$ 50,000,000
Derivative assets - interest rate swaps		$ 797,000
Cash Flow Hedging | Designated as Hedging Instrument | Unsecured term loan facility with: 1.398% Swap Rate, Expiration Date 01/2027
Derivative [Line Items]
Derivative liability, notional amount	$ 25,000,000
Fixed rate (as a percent)	1.398%	1.398%
Derivative liabilities, at fair value	$ (1,290,000)
Derivative asset, notional amount		$ 25,000,000
Derivative assets - interest rate swaps		381,000
Cash Flow Hedging | Designated as Hedging Instrument | Unsecured term loan facility with: 2.150% Swap Rate, Expiration Date 05/2020
Derivative [Line Items]
Derivative liability, notional amount		$ 15,000,000
Fixed rate (as a percent)		2.15%
Derivative liabilities, at fair value		$ (26,000)
Cash Flow Hedging | Designated as Hedging Instrument | Unsecured term loan facility with: 2.150% Swap Rate, Expiration Date 05/2020
Derivative [Line Items]
Derivative liability, notional amount		$ 10,000,000
Fixed rate (as a percent)		2.15%
Derivative liabilities, at fair value		$ (17,000)

Derivative Financial Instrume_5

Derivative Financial Instruments - Summary of Effect of Derivative Financial Instruments on Consolidated Statements of Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in OCI on Derivative	$ (13,578)	$ (3,570)
Reclassification out of Accumulated Other Comprehensive Income | Accumulated Net Gain (Loss) from Cash Flow Hedges Including Portion Attributable to Noncontrolling Interest
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Reclassified from Accumulated OCI into Income	(2,752)	1,317
Derivative Assets
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in OCI on Derivative	(2,345)	(2,950)
Derivative Liabilities
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in OCI on Derivative	(11,233)	(620)
Interest Expense | Derivative Assets | Reclassification out of Accumulated Other Comprehensive Income | Accumulated Net Gain (Loss) from Cash Flow Hedges Including Portion Attributable to Noncontrolling Interest
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Reclassified from Accumulated OCI into Income	14	1,166
Interest Expense | Derivative Liabilities | Reclassification out of Accumulated Other Comprehensive Income | Accumulated Net Gain (Loss) from Cash Flow Hedges Including Portion Attributable to Noncontrolling Interest
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Reclassified from Accumulated OCI into Income	$ (2,766)	$ 151

Leases - Future Minimum Revenue

Leases - Future Minimum Revenue From Rentals Under Non-cancelable Operating Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Rent on Operating Leases
2021	$ 151,079
2022	134,092
2023	113,038
2024	93,367
2025	75,279
Thereafter	223,080
Total	789,935
Variable lease payment	$ 44,200	$ 51,300
Shopping centers
Rent on Operating Leases
Aggregate portfolio, percent leased	93.00%

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)option	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Lessee, Lease, Description [Line Items]
Finance lease cost	$ 48	$ 51	$ 53
Non-recoverable operating expense
Lessee, Lease, Description [Line Items]
Operating lease cost	1,162	1,162	1,162
General and administrative expense
Lessee, Lease, Description [Line Items]
Operating lease cost	$ 581	$ 859	$ 733
New York
Lessee, Lease, Description [Line Items]
Lessee, operating lease, renewal term	5 years
Michigan
Lessee, Lease, Description [Line Items]
Lessee, operating lease, renewal term	5 years
Lessee, operating lease, number of renewal options | option	2

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Information (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
ASSETS
Operating lease assets	$ 18,585	$ 19,222
Finance lease asset	13,249	13,249
Total leased assets	31,834	32,471
LIABILITIES
Operating lease liabilities	17,819	18,181
Finance lease liability	875	926
Total lease liabilities	$ 18,694	$ 19,107
Weighted Average Remaining Lease Terms
Operating leases	71 years	70 years
Finance lease	12 years	13 years
Weighted Average Incremental Borrowing Rate
Operating leases	6.10%	6.06%
Finance lease	5.23%	5.23%
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	us-gaap:Land	us-gaap:Land

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 1,467	$ 1,677
Operating cash flows from finance lease	48	51
Financing cash flows from finance lease	$ 52	$ 49

Leases - Maturities of Lease Li

Leases - Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Operating Leases
2021	$ 1,469
2022	1,482
2023	1,495
2024	1,118
2025	1,048
Thereafter	94,430
Total lease payments	101,042
Less imputed interest	(83,223)
Operating lease liabilities	17,819	$ 18,181
Finance Lease
2021	100
2022	100
2023	100
2024	100
2025	100
Thereafter	700
Total lease payments	1,200
Less imputed interest	(325)
Finance lease liability	$ 875	$ 926

Earnings per Common Share - Com

Earnings per Common Share - Computation of Basic Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Earnings Per Share [Abstract]
Net (loss) income									$ (10,474)	$ 93,686	$ 18,036
Net loss (income) attributable to noncontrolling interest									241	(2,175)	(417)
Preferred share dividends and conversion costs									(6,701)	(6,701)	(6,701)
Allocation of income to restricted share awards									(136)	(533)	(460)
Net income available to common shareholders									$ (17,070)	$ 84,277	$ 10,458
Weighted average shares outstanding, Basic (in shares)									79,998	79,802	79,592
Earnings per common share, Basic (in dollars per share)	$ (0.09)	$ (0.05)	$ (0.06)	$ (0.02)	$ 0.89	$ 0.05	$ 0.01	$ 0.11	$ (0.21)	$ 1.06	$ 0.13

Earnings per Common Share - C_2

Earnings per Common Share - Computation of Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Earnings Per Share [Abstract]
Net (loss) income									$ (10,474)	$ 93,686	$ 18,036
Net loss (income) attributable to noncontrolling interest									241	(2,175)	(417)
Preferred share dividends and conversion costs									(6,701)	0	(6,701)
Allocation of income to restricted share awards									(136)	(533)	(460)
Net income available to common shareholders									$ (17,070)	$ 90,978	$ 10,458
Weighted average shares outstanding, Basic (in shares)									79,998	79,802	79,592
Restricted share awards using the treasury method (in shares)									0	939	496
Dilutive effect of securities									0	6,981	0
Weighted average shares outstanding, Diluted (in shares)									79,998	87,722	80,088
Earnings per common share, Diluted (in dollars per share)	$ (0.09)	$ (0.05)	$ (0.06)	$ (0.02)	$ 0.83	$ 0.05	$ 0.01	$ 0.11	$ (0.21)	$ 1.04	$ 0.13

Earnings per Common Share - C_3

Earnings per Common Share - Computation of Diluted Earnings Per Share Convertible (Details) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Issued	5,329	1,909	3,758
Converted	9,422	1,909	8,767
Operating Partnership Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Issued	1,909	1,909	1,909
Converted	1,909	1,909	1,909
Series D Preferred Shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Issued	1,849	0	1,849
Converted	7,017	0	6,858
Restricted Stock Awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Issued	1,571	0	0
Converted	496	0	0

Shareholders' Equity - Addition

Shareholders' Equity - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Feb. 29, 2020
Stockholders Equity Note [Line Items]
Shares authorized value to be issued under distribution agreement				$ 100,000,000
Noncontrolling interest, exchange ratio for Company common stock	1
Conversion and redemption of operating partnership units in shares	$ 0	$ 0	$ 97,000
Preferred shares, par value (in dollars per share)	$ 0.01	$ 0.01
Series D Preferred Shares
Stockholders Equity Note [Line Items]
Cumulative convertible perpetual preferred shares, shares issued (in shares)	1,848,539	1,848,539	1,848,539
Cumulative convertible perpetual preferred shares, dividend rate percentage	7.25%	7.25%	7.25%
Cumulative convertible perpetual preferred shares, liquidation preference (in dollars per share)	$ 50	$ 50	$ 50
Preferred shares, par value (in dollars per share)	0.01	0.01	0.01
Common share conversion rate (in dollars per share)	$ 13.17	$ 13.24	$ 13.48
Convertible preferred stock to be issued upon conversion (in shares)	7,000,000	7,000,000	6,900,000
Noncontrolling Interest
Stockholders Equity Note [Line Items]
Cumulative convertible perpetual preferred shares, shares issued (in shares)	1,909,018	1,909,018	1,909,018
Conversion of units for cash (in units)	0	0	7,385

Shareholders' Equity - Summary

Shareholders' Equity - Summary of Dividends Declared and Paid (Details) - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Equity [Abstract]
Common shares dividends declared (in dollars per share)	$ 0.220	$ 0.880	$ 0.880
Common shares dividends paid (in dollars per share)	0.440	0.880	0.880
Preferred shares dividends declared (in dollars per share)	3.625	3.625	3.625
Preferred shares dividends paid (in dollars per share)	$ 3.625	$ 3.625	$ 3.625

Shareholders' Equity - Summar_2

Shareholders' Equity - Summary of Dividends Paid (Details) - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Dividends Payable [Line Items]
Common shares dividends declared for income tax purposes (in dollars per share)	$ 0.440	$ 0.880	$ 0.880
Preferred shares dividends paid for income tax purposes (in dollars per share)	3.625	3.625	3.482
Ordinary dividend
Dividends Payable [Line Items]
Common shares dividends declared for income tax purposes (in dollars per share)	0.391	0.250	0.214
Preferred shares dividends paid for income tax purposes (in dollars per share)	3.625	1.448	3.482
Capital gain distribution
Dividends Payable [Line Items]
Common shares dividends declared for income tax purposes (in dollars per share)	0	0.376	0
Preferred shares dividends paid for income tax purposes (in dollars per share)	0	2.177	0
Non-dividend distribution
Dividends Payable [Line Items]
Common shares dividends declared for income tax purposes (in dollars per share)	$ 0.049	$ 0.254	$ 0.666

Share-Based Compensation and _3

Share-Based Compensation and Other Benefit Plans - Additional Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2020USD ($)planshares	Dec. 31, 2019USD ($)shares	Dec. 31, 2018USD ($)shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of share-based compensation plans | plan	2
Share-based compensation expense | $	$ 6.3	$ 6.5	$ 6.7
Expense related to restricted share grants | $	$ 3.7	3.5	4.7
Shareholder return	3 years
Performance-based liability awards, measurement period	4 years
Compensation expense (benefit) related to cash based award grant | $	$ 0.2	1.1	0.9
Total unrecognized compensation expense | $	$ 12.7
Total unrecognized compensation expense, weighted average period of recognition	3 years 3 months 18 days
Defined contribution plan expense | $	$ 0.2	$ 0.2	$ 0.2
Long Term Incentive Plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted (in shares)	0	0	0
Omnibus Long-Term Incentive Plan, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for grant (in shares)	3,500,000
Number of shares terminated (in shares)	143,125
Inducement Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares terminated (in shares)	72,976
Omnibus Long-Term Incentive Plan, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for issuance (in shares)	2,200,000
Number of shares terminated (in shares)	626,220
Inducement Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for grant (in shares)	6,000,000
Number of shares available for issuance (in shares)	5,000,000
Trustee Service And Performancebased Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service based restricted stock, vesting period (in years)	1 year
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service based restricted stock, shares granted (in shares)	317,011
Restricted Stock | Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service based restricted stock, shares granted (in shares)	286,944
Restricted Stock | Salary Exchange Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service based restricted stock, shares granted (in shares)	32,069
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense | $	$ 2.4	$ 1.9	$ 1.1
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance-based liability awards, measurement period	3 years
Minimum | Service And Performancebased Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service based restricted stock, vesting period (in years)	3 years
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance-based liability awards, measurement period	4 years
Maximum | Service And Performancebased Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service based restricted stock, vesting period (in years)	5 years

Share-Based Compensation and _4

Share-Based Compensation and Other Benefit Plans - Summary of Activity of Service Based Restricted Shares Under LTIP (Details) - Service-based restricted stock - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Number of Shares
Outstanding at the beginning of the year (in shares)	449,643	354,029	412,195
Service based restricted stock, shares granted (in shares)	636,024	272,711	492,871
Vested (in shares)	(205,839)	(174,343)	(478,863)
Forfeited or expired (in shares)	(37,507)	(2,754)	(72,174)
Outstanding at the end of the year (in shares)	842,321	449,643	354,029
Weighted- Average Grant Date Fair Value
Outstanding at the beginning of the year (in dollars per share)	$ 12.40	$ 13.05	$ 15.58
Granted (in dollars per share)	8.91	12.10	12.99
Vested (in dollars per share)	12.38	13.04	13.57
Forfeited or expired (in dollars per share)	12.78	13.16	13.96
Outstanding at the beginning of the year (in dollars per share)	$ 9.75	$ 12.40	$ 13.05

Share-Based Compensation Plans

Share-Based Compensation Plans - Weighted Average Assumptions (Details) - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Closing share price ( in dollars per share)	$ 8.65	$ 15.04
Expected dividend rate	0.00%	5.90%
Expected stock price volatility		22.60%
Expected stock price volatility, minimum	49.80%
Expected stock price volatility, maximum	91.50%
Risk-free interest rate		1.60%
Risk-free interest rate, minimum	0.10%
Risk-free interest rate, maximum	0.30%
Expected life (in years)		2 years
Equity Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Closing share price ( in dollars per share)		$ 12.05
Expected dividend rate		7.30%
Expected stock price volatility		22.90%
Expected stock price volatility, minimum	23.30%		21.50%
Expected stock price volatility, maximum	46.20%		21.80%
Risk-free interest rate		2.50%
Risk-free interest rate, minimum	0.30%		2.30%
Risk-free interest rate, maximum	0.90%		2.70%
Expected life (in years)		2 years 10 months 6 days
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life (in years)	1 year
Minimum | Equity Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Closing share price ( in dollars per share)	$ 5.03		$ 11.89
Expected dividend rate	0.00%		6.70%
Expected life (in years)	2 years 10 months 6 days		2 years 4 months 24 days
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life (in years)	4 years
Maximum | Equity Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Closing share price ( in dollars per share)	$ 13.09		$ 13.09
Expected dividend rate	6.70%		7.40%
Expected life (in years)	4 years 2 months 4 days		2 years 10 months 6 days

Taxes - Additional Information

Taxes - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Federal and state deferred tax asset	$ 8,000,000
Federal and state deferred tax asset, valuation allowance	8,000,000
Increase in valuation allowance for federal and state deferred tax asset		$ 500,000
Income tax (benefit) provision	(25,000)	179,000	$ 198,000
Unrecognized tax benefits	0	0	0
Significant increase (decrease) in unrecognized tax benefits	0
Interest or penalties relating to income taxes expensed	0	0	0
Interest or penalties relating to income taxes accrued	$ 0	$ 0	$ 0

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2020USD ($)
Commitments and Contingencies Disclosure [Abstract]
Construction costs related to development and expansion	$ 1.5
Contractual Obligation	2.2
Special assessment bond	$ 12.2
Bond Financing Agreement, Amortization Period	20 years
Debt service payments	$ 8

Reorganization (Details)

Reorganization (Details) $ in Millions	12 Months Ended
	Dec. 31, 2019USD ($)
Management | One-time Termination Benefits
Restructuring Cost and Reserve [Line Items]
Severance costs	$ 0.6

Subsequent Events (Details)

Subsequent Events (Details) $ in Millions	Feb. 12, 2021USD ($)
Revolving Credit Facility | Subsequent Event
Subsequent Event [Line Items]
Line of Credit Facility, Current Borrowing Capacity	$ 100

Selected Quarterly Financial _3

Selected Quarterly Financial Data (Unaudited) Quarterly Results of Operations (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]
Total revenue	$ 47,722	$ 46,487	$ 44,627	$ 52,876	$ 58,098	$ 58,921	$ 57,361	$ 59,708	$ 191,712	$ 234,088	$ 260,622
Operating income	3,685	7,469	6,377	9,165	10,275	14,888	13,429	15,430	26,696	54,022	52,260
Net income (loss) attributable to RPT	(5,732)	(1,947)	(2,888)	334	72,730	5,445	2,893	10,443	(10,233)	91,511	17,619
Net loss available to common shareholders	$ (7,407)	$ (3,623)	$ (4,563)	$ (1,341)	$ 71,055	$ 3,769	$ 1,218	$ 8,768	$ (16,934)	$ 84,810	$ 10,918
Loss per common share, basic (in dollars per share)	$ (0.09)	$ (0.05)	$ (0.06)	$ (0.02)	$ 0.89	$ 0.05	$ 0.01	$ 0.11	$ (0.21)	$ 1.06	$ 0.13
Loss per common share, diluted (in dollars per share)	$ (0.09)	$ (0.05)	$ (0.06)	$ (0.02)	$ 0.83	$ 0.05	$ 0.01	$ 0.11	$ (0.21)	$ 1.04	$ 0.13

Schedule II - Valuation and Q_2

Schedule II - Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Allowance for Doubtful Accounts
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Year	$ 12,996	$ 1,037	$ 858	$ 1,374
Charged to Costs and Expenses	12,884	625	57
Charged to Other Accounts	(925)	(446)	(573)
Deductions	0	0	0
Balance at End of Year	12,996	1,037	858
Straight Line Rent Reserve
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Year	4,091	1,825	2,323	$ 2,667
Charged to Costs and Expenses	2,721	(492)	(337)
Charged to Other Accounts	(455)	(6)	(7)
Deductions	0	0	0
Balance at End of Year	$ 4,091	$ 1,825	$ 2,323

Schedule III - Summary of Rea_2

Schedule III - Summary of Real Estate and Accumulated Depreciation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 85,254
Initial Cost to Company, Land	361,216
Initial Cost to Company, Building & Improvements	1,184,296
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	310,037
Gross Amounts at which Carried at Close of Period, Land	351,614
Gross Amounts at which Carried at Close of Period, Building & Improvements	1,503,935
Gross Amounts at which Carried at Close of Period, Total	1,855,549	$ 1,860,382	$ 2,078,995	$ 2,189,022
Accumulated Depreciation	392,301	$ 352,006	$ 358,195	$ 351,632
Bridgewater Falls
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	52,274
Initial Cost to Company, Land	9,831
Initial Cost to Company, Building & Improvements	76,446
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	594
Gross Amounts at which Carried at Close of Period, Land	9,831
Gross Amounts at which Carried at Close of Period, Building & Improvements	77,040
Gross Amounts at which Carried at Close of Period, Total	86,871
Accumulated Depreciation	$ 15,259
Date Acquired	2014
Buttermilk Towne Center
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	13,249
Initial Cost to Company, Building & Improvements	21,103
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	2,671
Gross Amounts at which Carried at Close of Period, Land	13,249
Gross Amounts at which Carried at Close of Period, Building & Improvements	23,774
Gross Amounts at which Carried at Close of Period, Total	37,023
Accumulated Depreciation	$ 5,335
Date Acquired	2014
Centennial Shops
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	0
Initial Cost to Company, Building & Improvements	29,639
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	581
Gross Amounts at which Carried at Close of Period, Land	0
Gross Amounts at which Carried at Close of Period, Building & Improvements	30,220
Gross Amounts at which Carried at Close of Period, Total	30,220
Accumulated Depreciation	$ 4,519
Date Acquired	2016
Central Plaza
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	10,250
Initial Cost to Company, Building & Improvements	10,909
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	2,295
Gross Amounts at which Carried at Close of Period, Land	10,250
Gross Amounts at which Carried at Close of Period, Building & Improvements	13,204
Gross Amounts at which Carried at Close of Period, Total	23,454
Accumulated Depreciation	$ 3,217
Date Acquired	2012
Clinton Pointe
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	1,175
Initial Cost to Company, Building & Improvements	10,499
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	1,902
Gross Amounts at which Carried at Close of Period, Land	1,176
Gross Amounts at which Carried at Close of Period, Building & Improvements	12,400
Gross Amounts at which Carried at Close of Period, Total	13,576
Accumulated Depreciation	$ 4,968
Date Acquired	2003
Crofton Centre
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	8,012
Initial Cost to Company, Building & Improvements	22,774
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	925
Gross Amounts at which Carried at Close of Period, Land	8,012
Gross Amounts at which Carried at Close of Period, Building & Improvements	23,699
Gross Amounts at which Carried at Close of Period, Total	31,711
Accumulated Depreciation	$ 3,937
Date Acquired	2015
Cypress Point
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	2,968
Initial Cost to Company, Building & Improvements	17,637
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	2,269
Gross Amounts at which Carried at Close of Period, Land	2,968
Gross Amounts at which Carried at Close of Period, Building & Improvements	19,906
Gross Amounts at which Carried at Close of Period, Total	22,874
Accumulated Depreciation	$ 4,390
Date Acquired	2013
Deer Creek Shopping Center
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	6,070
Initial Cost to Company, Building & Improvements	18,105
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	1,818
Gross Amounts at which Carried at Close of Period, Land	6,070
Gross Amounts at which Carried at Close of Period, Building & Improvements	19,923
Gross Amounts at which Carried at Close of Period, Total	25,993
Accumulated Depreciation	$ 4,589
Date Acquired	2013
Deer Grove Centre
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	8,408
Initial Cost to Company, Building & Improvements	8,197
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	6,207
Gross Amounts at which Carried at Close of Period, Land	8,408
Gross Amounts at which Carried at Close of Period, Building & Improvements	14,404
Gross Amounts at which Carried at Close of Period, Total	22,812
Accumulated Depreciation	$ 4,813
Date Acquired	2013
Deerfield Towne Center
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	6,868
Initial Cost to Company, Building & Improvements	78,551
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	12,695
Gross Amounts at which Carried at Close of Period, Land	6,868
Gross Amounts at which Carried at Close of Period, Building & Improvements	91,246
Gross Amounts at which Carried at Close of Period, Total	98,114
Accumulated Depreciation	$ 20,458
Date Acquired	2013
Front Range Village
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	19,413
Initial Cost to Company, Building & Improvements	80,600
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	15,618
Gross Amounts at which Carried at Close of Period, Land	19,414
Gross Amounts at which Carried at Close of Period, Building & Improvements	96,217
Gross Amounts at which Carried at Close of Period, Total	115,631
Accumulated Depreciation	$ 15,979
Date Acquired	2014
Heritage Place
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	13,899
Initial Cost to Company, Building & Improvements	22,506
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	3,424
Gross Amounts at which Carried at Close of Period, Land	13,899
Gross Amounts at which Carried at Close of Period, Building & Improvements	25,930
Gross Amounts at which Carried at Close of Period, Total	39,829
Accumulated Depreciation	$ 8,044
Date Acquired	2011
Holcomb Center
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	658
Initial Cost to Company, Building & Improvements	5,953
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	8,031
Gross Amounts at which Carried at Close of Period, Land	658
Gross Amounts at which Carried at Close of Period, Building & Improvements	13,984
Gross Amounts at which Carried at Close of Period, Total	14,642
Accumulated Depreciation	$ 6,426
Date Acquired	1996
Hunters Square
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	7,673
Initial Cost to Company, Building & Improvements	52,774
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	6,302
Gross Amounts at which Carried at Close of Period, Land	7,652
Gross Amounts at which Carried at Close of Period, Building & Improvements	59,097
Gross Amounts at which Carried at Close of Period, Total	66,749
Accumulated Depreciation	$ 13,753
Date Acquired	2013
Lakehills Plaza
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	17,987
Initial Cost to Company, Building & Improvements	12,828
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	58
Gross Amounts at which Carried at Close of Period, Land	17,987
Gross Amounts at which Carried at Close of Period, Building & Improvements	12,886
Gross Amounts at which Carried at Close of Period, Total	30,873
Accumulated Depreciation	$ 619
Date Acquired	2019
Lakeland Park Center
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	15,365
Initial Cost to Company, Building & Improvements	0
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	41,567
Gross Amounts at which Carried at Close of Period, Land	16,864
Gross Amounts at which Carried at Close of Period, Building & Improvements	40,068
Gross Amounts at which Carried at Close of Period, Total	56,932
Accumulated Depreciation	$ 8,537
Date Acquired	2008
Marketplace of Delray
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	7,922
Initial Cost to Company, Building & Improvements	18,910
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	2,947
Gross Amounts at which Carried at Close of Period, Land	7,922
Gross Amounts at which Carried at Close of Period, Building & Improvements	21,857
Gross Amounts at which Carried at Close of Period, Total	29,779
Accumulated Depreciation	$ 5,289
Date Acquired	2013
Market Plaza
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	9,391
Initial Cost to Company, Building & Improvements	22,682
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	1
Gross Amounts at which Carried at Close of Period, Land	9,391
Gross Amounts at which Carried at Close of Period, Building & Improvements	22,683
Gross Amounts at which Carried at Close of Period, Total	32,074
Accumulated Depreciation	$ 3,605
Date Acquired	2015
Merchants' Square
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	4,997
Initial Cost to Company, Building & Improvements	18,346
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	5,658
Gross Amounts at which Carried at Close of Period, Land	4,997
Gross Amounts at which Carried at Close of Period, Building & Improvements	24,004
Gross Amounts at which Carried at Close of Period, Total	29,001
Accumulated Depreciation	$ 7,669
Date Acquired	2010
Mount Prospect Plaza
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	11,633
Initial Cost to Company, Building & Improvements	21,767
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	2,907
Gross Amounts at which Carried at Close of Period, Land	9,601
Gross Amounts at which Carried at Close of Period, Building & Improvements	26,706
Gross Amounts at which Carried at Close of Period, Total	36,307
Accumulated Depreciation	$ 6,158
Date Acquired	2013
Nagawaukee Shopping Center
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 4,811
Initial Cost to Company, Land	7,549
Initial Cost to Company, Building & Improvements	30,898
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	3,973
Gross Amounts at which Carried at Close of Period, Land	7,517
Gross Amounts at which Carried at Close of Period, Building & Improvements	34,903
Gross Amounts at which Carried at Close of Period, Total	42,420
Accumulated Depreciation	7,720
Olentangy Plaza
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	4,283
Initial Cost to Company, Building & Improvements	20,774
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	4,025
Gross Amounts at which Carried at Close of Period, Land	4,283
Gross Amounts at which Carried at Close of Period, Building & Improvements	24,799
Gross Amounts at which Carried at Close of Period, Total	29,082
Accumulated Depreciation	$ 4,268
Date Acquired	2015
Parkway Shops
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	3,145
Initial Cost to Company, Building & Improvements	0
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	22,956
Gross Amounts at which Carried at Close of Period, Land	5,902
Gross Amounts at which Carried at Close of Period, Building & Improvements	20,199
Gross Amounts at which Carried at Close of Period, Total	26,101
Accumulated Depreciation	$ 4,282
Date Acquired	2008
Peachtree Hill
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	7,517
Initial Cost to Company, Building & Improvements	17,062
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	(878)
Gross Amounts at which Carried at Close of Period, Land	6,926
Gross Amounts at which Carried at Close of Period, Building & Improvements	16,775
Gross Amounts at which Carried at Close of Period, Total	23,701
Accumulated Depreciation	$ 2,604
Date Acquired	2015
Promenade at Pleasant Hill
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	3,891
Initial Cost to Company, Building & Improvements	22,520
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	6,871
Gross Amounts at which Carried at Close of Period, Land	3,440
Gross Amounts at which Carried at Close of Period, Building & Improvements	29,842
Gross Amounts at which Carried at Close of Period, Total	33,282
Accumulated Depreciation	$ 12,304
Date Acquired	2004
Providence Marketplace
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	22,171
Initial Cost to Company, Building & Improvements	85,657
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	937
Gross Amounts at which Carried at Close of Period, Land	22,171
Gross Amounts at which Carried at Close of Period, Building & Improvements	86,594
Gross Amounts at which Carried at Close of Period, Total	108,765
Accumulated Depreciation	$ 11,476
Date Acquired	2017
River City Marketplace
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	19,768
Initial Cost to Company, Building & Improvements	73,859
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	12,413
Gross Amounts at which Carried at Close of Period, Land	11,194
Gross Amounts at which Carried at Close of Period, Building & Improvements	94,846
Gross Amounts at which Carried at Close of Period, Total	106,040
Accumulated Depreciation	$ 34,448
Date Acquired	2005
Rivertowne Square
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	954
Initial Cost to Company, Building & Improvements	8,587
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	2,677
Gross Amounts at which Carried at Close of Period, Land	954
Gross Amounts at which Carried at Close of Period, Building & Improvements	11,264
Gross Amounts at which Carried at Close of Period, Total	12,218
Accumulated Depreciation	$ 5,273
Date Acquired	1998
Shoppes of Lakeland
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	5,503
Initial Cost to Company, Building & Improvements	20,236
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	1,061
Gross Amounts at which Carried at Close of Period, Land	5,503
Gross Amounts at which Carried at Close of Period, Building & Improvements	21,297
Gross Amounts at which Carried at Close of Period, Total	26,800
Accumulated Depreciation	$ 4,981
Date Acquired	1996
Southfield Plaza
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	1,121
Initial Cost to Company, Building & Improvements	10,777
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	1,368
Gross Amounts at which Carried at Close of Period, Land	1,121
Gross Amounts at which Carried at Close of Period, Building & Improvements	12,145
Gross Amounts at which Carried at Close of Period, Total	13,266
Accumulated Depreciation	$ 8,006
Date Acquired	1996
Spring Meadows Place
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	2,646
Initial Cost to Company, Building & Improvements	16,758
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	15,813
Gross Amounts at which Carried at Close of Period, Land	4,539
Gross Amounts at which Carried at Close of Period, Building & Improvements	30,678
Gross Amounts at which Carried at Close of Period, Total	35,217
Accumulated Depreciation	$ 13,997
Date Acquired	1996
Tel-Twelve
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	3,819
Initial Cost to Company, Building & Improvements	43,181
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	31,568
Gross Amounts at which Carried at Close of Period, Land	3,819
Gross Amounts at which Carried at Close of Period, Building & Improvements	74,749
Gross Amounts at which Carried at Close of Period, Total	78,568
Accumulated Depreciation	$ 39,710
Date Acquired	1996
The Shops on Lane Avenue
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 28,169
Initial Cost to Company, Land	4,848
Initial Cost to Company, Building & Improvements	51,273
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	5,402
Gross Amounts at which Carried at Close of Period, Land	4,848
Gross Amounts at which Carried at Close of Period, Building & Improvements	56,675
Gross Amounts at which Carried at Close of Period, Total	61,523
Accumulated Depreciation	$ 8,551
Date Acquired	2015
Treasure Coast Commons
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	2,924
Initial Cost to Company, Building & Improvements	10,644
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	708
Gross Amounts at which Carried at Close of Period, Land	2,924
Gross Amounts at which Carried at Close of Period, Building & Improvements	11,352
Gross Amounts at which Carried at Close of Period, Total	14,276
Accumulated Depreciation	$ 2,806
Date Acquired	2013
Troy Marketplace
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	8,371
Initial Cost to Company, Building & Improvements	29,333
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	12,250
Gross Amounts at which Carried at Close of Period, Land	9,966
Gross Amounts at which Carried at Close of Period, Building & Improvements	39,988
Gross Amounts at which Carried at Close of Period, Total	49,954
Accumulated Depreciation	$ 9,061
Date Acquired	2013
Village Lakes Shopping Center
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	862
Initial Cost to Company, Building & Improvements	7,768
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	7,675
Gross Amounts at which Carried at Close of Period, Land	862
Gross Amounts at which Carried at Close of Period, Building & Improvements	15,443
Gross Amounts at which Carried at Close of Period, Total	16,305
Accumulated Depreciation	$ 7,926
Date Acquired	1997
Vista Plaza
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	3,667
Initial Cost to Company, Building & Improvements	16,769
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	501
Gross Amounts at which Carried at Close of Period, Land	3,667
Gross Amounts at which Carried at Close of Period, Building & Improvements	17,270
Gross Amounts at which Carried at Close of Period, Total	20,937
Accumulated Depreciation	$ 4,032
Date Acquired	2013
Webster Place
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	28,410
Initial Cost to Company, Building & Improvements	21,752
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	(2,145)
Gross Amounts at which Carried at Close of Period, Land	28,410
Gross Amounts at which Carried at Close of Period, Building & Improvements	19,607
Gross Amounts at which Carried at Close of Period, Total	48,017
Accumulated Depreciation	$ 2,097
Date Acquired	2017
West Broward
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	5,339
Initial Cost to Company, Building & Improvements	11,521
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	741
Gross Amounts at which Carried at Close of Period, Land	5,339
Gross Amounts at which Carried at Close of Period, Building & Improvements	12,262
Gross Amounts at which Carried at Close of Period, Total	17,601
Accumulated Depreciation	$ 2,448
Date Acquired	2013
West Allis Towne Centre
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	1,866
Initial Cost to Company, Building & Improvements	16,789
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	16,280
Gross Amounts at which Carried at Close of Period, Land	1,866
Gross Amounts at which Carried at Close of Period, Building & Improvements	33,069
Gross Amounts at which Carried at Close of Period, Total	34,935
Accumulated Depreciation	$ 14,513
Date Acquired	1996
West Oaks I
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	1,058
Initial Cost to Company, Building & Improvements	17,173
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	20,899
Gross Amounts at which Carried at Close of Period, Land	2,826
Gross Amounts at which Carried at Close of Period, Building & Improvements	36,304
Gross Amounts at which Carried at Close of Period, Total	39,130
Accumulated Depreciation	12,060
West Oaks II
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	1,391
Initial Cost to Company, Building & Improvements	12,519
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	9,034
Gross Amounts at which Carried at Close of Period, Land	1,391
Gross Amounts at which Carried at Close of Period, Building & Improvements	21,553
Gross Amounts at which Carried at Close of Period, Total	22,944
Accumulated Depreciation	$ 11,560
Date Acquired	1996
Winchester Center
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	5,667
Initial Cost to Company, Building & Improvements	18,559
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	6,015
Gross Amounts at which Carried at Close of Period, Land	5,667
Gross Amounts at which Carried at Close of Period, Building & Improvements	24,574
Gross Amounts at which Carried at Close of Period, Total	30,241
Accumulated Depreciation	$ 5,443
Date Acquired	2013
Woodbury Lakes
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	10,411
Initial Cost to Company, Building & Improvements	55,635
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	27,296
Gross Amounts at which Carried at Close of Period, Land	10,411
Gross Amounts at which Carried at Close of Period, Building & Improvements	82,931
Gross Amounts at which Carried at Close of Period, Total	93,342
Accumulated Depreciation	$ 15,148
Date Acquired	2014
Land Held for Future Development
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	28,266
Initial Cost to Company, Building & Improvements	14,026
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	(15,873)
Gross Amounts at which Carried at Close of Period, Land	20,851
Gross Amounts at which Carried at Close of Period, Building & Improvements	5,568
Gross Amounts at which Carried at Close of Period, Total	26,419
Accumulated Depreciation	$ 23
Period One | Nagawaukee Shopping Center
Real Estate and Accumulated Depreciation [Line Items]
Date Acquired	2012
Period One | West Oaks I
Real Estate and Accumulated Depreciation [Line Items]
Date Acquired	1996
Period Two | Nagawaukee Shopping Center
Real Estate and Accumulated Depreciation [Line Items]
Date Acquired	2013
Period Two | West Oaks I
Real Estate and Accumulated Depreciation [Line Items]
Date Acquired	2018

Schedule III - Summary Real Est

Schedule III - Summary Real Estate and Accumulated Depreciation - Real Estate Investment and Accumulated Depreciation Roll Forward (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Reconciliation of total real estate carrying value:
Balance at beginning of year	$ 1,860,382	$ 2,078,995	$ 2,189,022
Acquisition	0	30,814	6,427
Improvements	18,663	42,824	68,914
Cost of real estate sold/written off	(22,898)	(292,251)	(171,718)
Impairment	(598)	0	(13,650)
Balance at end of year	1,855,549	1,860,382	2,078,995
Reconciliation of accumulated depreciation:
Balance at beginning of year	352,006	358,195	351,632
Depreciation Expense	54,253	58,662	63,524
Cost of real estate sold/written off	(13,958)	(64,851)	(56,961)
Balance at end of year	392,301	352,006	358,195
Aggregate cost for federal income tax purposes	$ 1,923,056	$ 1,905,041	$ 2,128,169

Uncategorized Items - rpt-20201

Label	Element	Value
Accounting Standards Update [Extensible List]	us-gaap_AccountingStandardsUpdateExtensibleList	us-gaap:AccountingStandardsUpdate201705Member