Document And Entity Information
Document And Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2020 | Feb. 11, 2021 | Jun. 30, 2020 | |
Document Information [Line Items] | |||
Entity Central Index Key | 0000879101 | ||
Entity Registrant Name | KIMCO REALTY CORP | ||
Amendment Flag | false | ||
Current Fiscal Year End Date | --12-31 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2020 | ||
Document Type | 10-K | ||
Document Annual Report | true | ||
Document Period End Date | Dec. 31, 2020 | ||
Document Transition Report | false | ||
Entity File Number | 1-10899 | ||
Entity Incorporation, State or Country Code | MD | ||
Entity Tax Identification Number | 13-2744380 | ||
Entity Address, Address Line One | 500 North Broadway, Suite 201 | ||
Entity Address, City or Town | Jericho | ||
Entity Address, State or Province | NY | ||
Entity Address, Postal Zip Code | 11753 | ||
City Area Code | 516 | ||
Local Phone Number | 869-9000 | ||
Entity Well-known Seasoned Issuer | Yes | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Large Accelerated Filer | ||
Entity Small Business | false | ||
Entity Emerging Growth Company | false | ||
Entity Shell Company | false | ||
Entity Public Float | $ 5,400,000,000 | ||
Entity Common Stock, Shares Outstanding | 432,439,820 | ||
Class M Cumulative Redeemable Preferred Stock [Member] | |||
Document Information [Line Items] | |||
Title of 12(b) Security | Depositary Shares, each representing one-thousandth of a share of 5.250% Class M CumulativeĀ Redeemable Preferred Stock, $1.00 par value per share. | ||
Trading Symbol | KIMprM | ||
Security Exchange Name | NYSE | ||
Class L Cumulative Redeemable Preferred Stock [Member] | |||
Document Information [Line Items] | |||
Title of 12(b) Security | Depositary Shares, each representing one-thousandth of a share of 5.125% Class L Cumulative Redeemable, Preferred Stock, $1.00 par value per share. | ||
Trading Symbol | KIMprL | ||
Security Exchange Name | NYSE | ||
Common Stock [Member] | |||
Document Information [Line Items] | |||
Title of 12(b) Security | Common Stock, par value $.01 per share. | ||
Trading Symbol | KIM | ||
Security Exchange Name | NYSE |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019 | |
Assets: | |||
Land | $ 2,781,888 | $ 2,788,155 | |
Building and improvements | 9,281,267 | 8,920,951 | |
Real estate | 12,063,155 | 11,709,106 | |
Less: accumulated depreciation and amortization | [1] | (2,717,114) | (2,500,053) |
Total real estate, net | 9,346,041 | 9,209,053 | |
Investments in and advances to real estate joint ventures | 590,700 | 578,100 | |
Cash and cash equivalents | 293,188 | 123,947 | |
Marketable securities | 706,954 | 9,353 | |
Accounts and notes receivable, net | 219,248 | 218,689 | |
Deferred charges and prepaid expenses | 135,967 | 150,330 | |
Operating lease right-of-use assets, net | 102,369 | 99,125 | |
Other assets | 97,225 | 194,682 | |
Total assets | [2] | 11,614,498 | 10,997,867 |
Liabilities: | |||
Notes payable, net | 5,044,208 | 4,831,759 | |
Mortgages and construction loan payable, net | 311,272 | 484,008 | |
Accounts payable and accrued expenses | 146,457 | 170,082 | |
Dividends payable | 5,366 | 126,274 | |
Operating lease liabilities | 96,619 | 92,711 | |
Other liabilities | 324,538 | 346,183 | |
Total liabilities | [3] | 5,928,460 | 6,051,017 |
Redeemable noncontrolling interests | 15,784 | 17,943 | |
Commitments and contingencies (Footnote 20) | |||
Stockholders' equity: | |||
Preferred stock, $1.00 par value, authorized 7,054,000 shares; Issued and outstanding (in series) 19,580 shares; Aggregate liquidation preference $489,500 | 20 | 20 | |
Common stock, $.01 par value, authorized 750,000,000 shares; issued and outstanding 432,518,743, and 431,814,951 shares, respectively | 4,325 | 4,318 | |
Paid-in capital | 5,766,511 | 5,765,233 | |
Cumulative distributions in excess of net income | (162,812) | (904,679) | |
Total stockholders' equity | 5,608,044 | 4,864,892 | |
Noncontrolling interests | 62,210 | 64,015 | |
Total equity | 5,670,254 | 4,928,907 | |
Total liabilities and equity | 11,614,498 | 10,997,867 | |
Real Estate Under Development [Member] | |||
Assets: | |||
Real estate under development | 5,672 | 220,170 | |
Investments in and Advances to Real Estate Joint Ventures [Member] | |||
Assets: | |||
Investments in and advances to real estate joint ventures | 590,694 | 578,118 | |
Other Real Estate Investments [Member] | |||
Assets: | |||
Other real estate investments | $ 117,140 | $ 194,400 | |
[1] | At December 31, 2020 and 2019, the Company had accumulated amortization relating to in-place leases and above-market leases aggregating $499,022 and $485,040, respectively. | ||
[2] | Includes restricted assets of consolidated variable interest entities ("VIEs") at December 31, 2020 and December 31, 2019 of $102,482 and $245,489, respectively. See Footnote 10 of the Notes to Consolidated Financial Statements. | ||
[3] | Includes non-recourse liabilities of consolidated VIEs at December 31, 2020 and December 31, 2019 of $62,076 and $153,436, respectively. See Footnote 10 of the Notes to Consolidated Financial Statements. |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019 | |
Total assets | [1] | $ 11,614,498 | $ 10,997,867 |
Total liabilities | [2] | $ 5,928,460 | $ 6,051,017 |
Preferred stock, par value (in dollars per share) | $ 1 | $ 1 | |
Preferred stock, shares authorized (in shares) | 7,054,000 | 7,054,000 | |
Preferred stock, shares issued (in shares) | 19,580 | 19,580 | |
Preferred stock, shares outstanding (in shares) | 19,580 | 19,580 | |
Preferred stock, liquidation preference | $ 489,500 | $ 489,500 | |
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 | |
Common stock, shares authorized (in shares) | 750,000,000 | 750,000,000 | |
Common stock, shares issued (in shares) | 432,518,743 | 431,814,951 | |
Common stock, shares outstanding (in shares) | 432,518,743 | 431,814,951 | |
Variable Interest Entity, Primary Beneficiary [Member] | Nonrecourse [Member] | |||
Total liabilities | $ 62,100 | $ 153,400 | |
Variable Interest Entity, Primary Beneficiary [Member] | Asset Pledged as Collateral [Member] | |||
Total assets | $ 102,500 | $ 245,500 | |
[1] | Includes restricted assets of consolidated variable interest entities ("VIEs") at December 31, 2020 and December 31, 2019 of $102,482 and $245,489, respectively. See Footnote 10 of the Notes to Consolidated Financial Statements. | ||
[2] | Includes non-recourse liabilities of consolidated VIEs at December 31, 2020 and December 31, 2019 of $62,076 and $153,436, respectively. See Footnote 10 of the Notes to Consolidated Financial Statements. |
Consolidated Statements of Inco
Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | ||
Revenues | ||||
Revenues from rental properties, net | $ 1,044,888 | $ 1,142,334 | $ 1,149,603 | |
Management and other fee income | 13,005 | 16,550 | 15,159 | |
Total revenues | 1,057,893 | 1,158,884 | 1,164,762 | |
Operating expenses | ||||
Rent | (11,270) | (11,311) | (10,929) | |
Real estate taxes | (157,661) | (153,659) | (153,336) | |
Operating and maintenance | (174,038) | (171,981) | (164,294) | |
General and administrative | (93,217) | (96,942) | (87,797) | |
Provision for doubtful accounts | 0 | 0 | (6,253) | |
Impairment charges | 6,624 | 48,743 | 79,207 | |
Depreciation and amortization | (288,955) | (277,879) | (310,380) | |
Total operating expenses | (731,765) | (760,515) | (812,196) | |
Gain on sale of properties/change in control of interests | 6,484 | 79,218 | 229,840 | |
Operating income | 332,612 | 477,587 | 582,406 | |
Other income/(expense) | ||||
Other income, net | 4,119 | 10,985 | 16,528 | |
Gain/(loss) on marketable securities, net | 594,753 | 829 | (3,487) | |
Gain on sale of cost method investment | 190,832 | 0 | 0 | |
Interest expense | (186,904) | (177,395) | (183,339) | |
Early extinguishment of debt charges | (7,538) | 0 | (12,762) | |
Income before income taxes, net, equity in income of joint ventures, net, and equity in income from other real estate investments, net | 927,874 | 312,006 | 399,346 | |
(Provision)/benefit for income taxes, net | (978) | 3,317 | (1,600) | |
Net income | 1,002,877 | 413,561 | 498,463 | |
Net income attributable to noncontrolling interests | (2,044) | (2,956) | (668) | |
Net income attributable to the Company | 1,000,833 | 410,605 | 497,795 | |
Preferred stock redemption charges | 0 | (18,528) | 0 | |
Preferred dividends | (25,416) | (52,089) | (58,191) | |
Net income available to the Company's common shareholders | $ 975,417 | $ 339,988 | $ 439,604 | |
Per common share: | ||||
-Basic (in dollars per share) | $ 2.26 | $ 0.80 | $ 1.02 | |
-Diluted (in dollars per share) | $ 2.25 | $ 0.80 | $ 1.02 | |
Weighted average shares: | ||||
-Basic (in shares) | 429,950 | 420,370 | 420,641 | |
-Diluted (in shares) | [1] | 431,633 | 421,799 | 421,379 |
Joint Ventures [Member] | ||||
Other income/(expense) | ||||
Equity in income | $ 47,353 | $ 72,162 | $ 71,617 | |
Other Real Estate Investments [Member] | ||||
Other income/(expense) | ||||
Equity in income | $ 28,628 | $ 26,076 | $ 29,100 | |
[1] | The effect of the assumed conversion of certain convertible units had an anti-dilutive effect upon the calculation of Income from continuing operations per share. Accordingly, the impact of such conversions has not been included in the determination of diluted earnings per share calculations. Additionally, there were 1.2 million, 0.5 million and 1.3 million stock options that were not dilutive as of December 31, 2020, 2019 and 2018, respectively. |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Net income | $ 1,002,877 | $ 413,561 | $ 498,463 |
Other comprehensive income: | |||
Change in unrealized value on interest rate swaps | 0 | 0 | 344 |
Other comprehensive income | 0 | 0 | 344 |
Comprehensive income | 1,002,877 | 413,561 | 498,807 |
Comprehensive income attributable to noncontrolling interests | (2,044) | (2,956) | (668) |
Comprehensive income attributable to the Company | $ 1,000,833 | $ 410,605 | $ 498,139 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Equity - USD ($) $ in Thousands | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Parent [Member] | Noncontrolling Interest [Member] | Total |
Balance at Dec. 31, 2017 | $ (754,375) | $ (344) | $ 41 | $ 4,256 | $ 6,152,764 | $ 5,402,342 | $ 127,903 | $ 5,530,245 |
Balance (in shares) at Dec. 31, 2017 | 41,000 | 425,646,000 | ||||||
Contributions/deemed contributions from noncontrolling interests | 0 | 0 | $ 0 | $ 0 | 0 | 0 | 109 | 109 |
Net (loss)/income | 497,795 | 0 | 0 | 0 | 0 | 497,795 | 668 | 498,463 |
Change in unrealized value on interest rate swaps | 0 | 344 | 0 | 0 | 0 | 344 | 0 | 344 |
Redeemable noncontrolling interests income | 0 | 0 | 0 | 0 | 0 | 0 | (373) | (373) |
Dividends declared to common and preferred shares | (531,127) | 0 | 0 | 0 | 0 | (531,127) | 0 | (531,127) |
Distributions to noncontrolling interests | 0 | 0 | 0 | 0 | 0 | 0 | (2,663) | (2,663) |
Issuance of common stock | 0 | 0 | $ 0 | $ 11 | (11) | 0 | 0 | 0 |
Issuance of common stock (in shares) | 0 | 1,101,000 | ||||||
Issuance of preferred stock | 0 | 0 | $ 2 | $ 0 | 33,112 | 33,114 | 0 | 33,114 |
Issuance of preferred stock (in shares) | 2,000 | 0 | ||||||
Repurchase of common stock | 0 | 0 | $ 0 | $ (51) | (75,075) | (75,126) | 0 | $ (75,126) |
Repurchase of common stock (in shares) | 0 | (5,100,000) | (278,566) | |||||
Surrender of restricted stock | 0 | 0 | $ 0 | $ (3) | (4,357) | (4,360) | 0 | $ (4,360) |
Surrender of restricted stock (in shares) | 0 | (300,000) | ||||||
Exercise of common stock options | 0 | 0 | $ 0 | $ 1 | 591 | 592 | 0 | $ 592 |
Exercise of common stock options (in shares) | 0 | 42,000 | 42,259 | |||||
Amortization of equity awards | 0 | 0 | $ 0 | $ 0 | 16,548 | 16,548 | 0 | $ 16,548 |
Acquisition/deconsolidation of noncontrolling interests | 0 | 0 | 0 | 0 | 1,203 | 1,203 | (48,395) | (47,192) |
Adjustment of redeemable noncontrolling interests to estimated fair value | 0 | 0 | 0 | 0 | (7,521) | (7,521) | 0 | (7,521) |
Adjustment of redeemable noncontrolling interests to estimated fair value | 0 | 0 | 0 | 0 | 7,521 | 7,521 | 0 | 7,521 |
Balance at Dec. 31, 2018 | (787,707) | 0 | $ 43 | $ 4,214 | 6,117,254 | 5,333,804 | 77,249 | 5,411,053 |
Balance (in shares) at Dec. 31, 2018 | 43,000 | 421,389,000 | ||||||
Net (loss)/income | 410,605 | 0 | $ 0 | $ 0 | 0 | 410,605 | 2,956 | 413,561 |
Change in unrealized value on interest rate swaps | 0 | |||||||
Redeemable noncontrolling interests income | 0 | 0 | 0 | 0 | 0 | 0 | (358) | (358) |
Dividends declared to common and preferred shares | (527,577) | 0 | 0 | 0 | 0 | (527,577) | 0 | (527,577) |
Distributions to noncontrolling interests | 0 | 0 | 0 | 0 | 0 | 0 | (10,638) | (10,638) |
Issuance of common stock | 0 | 0 | $ 0 | $ 105 | 200,028 | 200,133 | 0 | $ 200,133 |
Issuance of common stock (in shares) | 0 | 10,399,000 | ||||||
Repurchase of common stock (in shares) | (223,609) | |||||||
Surrender of restricted stock | 0 | 0 | $ 0 | $ (3) | (4,027) | (4,030) | 0 | $ (4,030) |
Surrender of restricted stock (in shares) | 0 | (242,000) | ||||||
Exercise of common stock options | 0 | 0 | $ 0 | $ 2 | 3,878 | 3,880 | 0 | $ 3,880 |
Exercise of common stock options (in shares) | 0 | 269,000 | 268,856 | |||||
Amortization of equity awards | 0 | 0 | $ 0 | $ 0 | 19,083 | 19,083 | 0 | $ 19,083 |
Acquisition/deconsolidation of noncontrolling interests | 0 | 0 | 0 | 0 | 3,994 | 3,994 | (5,194) | (1,200) |
Redemption of preferred stock | 0 | 0 | $ (23) | $ 0 | (574,977) | (575,000) | 0 | (575,000) |
Redemption of preferred stock (in shares) | (23,000) | 0 | ||||||
Balance at Dec. 31, 2019 | (904,679) | 0 | $ 20 | $ 4,318 | 5,765,233 | 4,864,892 | 64,015 | 4,928,907 |
Balance (in shares) at Dec. 31, 2019 | 20,000 | 431,815,000 | ||||||
Contributions/deemed contributions from noncontrolling interests | 0 | 0 | $ 0 | $ 0 | 0 | 0 | 149 | 149 |
Net (loss)/income | 1,000,833 | 0 | 0 | 0 | 0 | 1,000,833 | 2,044 | 1,002,877 |
Change in unrealized value on interest rate swaps | 0 | |||||||
Redeemable noncontrolling interests income | 0 | 0 | 0 | 0 | 0 | 0 | (1,022) | (1,022) |
Dividends declared to common and preferred shares | (258,966) | 0 | 0 | 0 | 0 | (258,966) | 0 | (258,966) |
Distributions to noncontrolling interests | 0 | 0 | 0 | 0 | 0 | 0 | (1,705) | (1,705) |
Issuance of common stock | 0 | 0 | $ 0 | $ 9 | (9) | 0 | 0 | $ 0 |
Issuance of common stock (in shares) | 0 | 944,000 | ||||||
Repurchase of common stock (in shares) | (294,346) | |||||||
Surrender of restricted stock | 0 | 0 | $ 0 | $ (3) | (5,392) | (5,395) | 0 | $ (5,395) |
Surrender of restricted stock (in shares) | 0 | (303,000) | ||||||
Exercise of common stock options | 0 | 0 | $ 0 | $ 1 | 980 | 981 | 0 | $ 981 |
Exercise of common stock options (in shares) | 0 | 63,000 | 63,365 | |||||
Amortization of equity awards | 0 | 0 | $ 0 | $ 0 | 22,887 | 22,887 | 0 | $ 22,887 |
Acquisition/deconsolidation of noncontrolling interests | 0 | 0 | 0 | 0 | (19,348) | (19,348) | (1,271) | (20,619) |
Adjustment of redeemable noncontrolling interests to estimated fair value | 0 | 0 | 0 | 0 | (2,160) | (2,160) | 0 | (2,160) |
Adjustment of redeemable noncontrolling interests to estimated fair value | 0 | 0 | 0 | 0 | 2,160 | 2,160 | 0 | 2,160 |
Balance at Dec. 31, 2020 | $ (162,812) | $ 0 | $ 20 | $ 4,325 | $ 5,766,511 | $ 5,608,044 | $ 62,210 | $ 5,670,254 |
Balance (in shares) at Dec. 31, 2020 | 20,000 | 432,519,000 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Cash flow from operating activities: | |||
Net income | $ 1,002,877 | $ 413,561 | $ 498,463 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation and amortization | 288,955 | 277,879 | 310,380 |
Impairment charges | 6,624 | 48,743 | 79,207 |
Early extinguishment of debt charges | 7,538 | 0 | 12,762 |
Equity award expense | 23,685 | 20,200 | 18,221 |
Gain on sale of operating properties/change in control of interests | (6,484) | (79,218) | (229,840) |
(Gain)/loss on marketable securities, net | (594,753) | (829) | 3,487 |
Gain on sale of cost method investment | (190,832) | 0 | 0 |
Distributions from joint ventures and other real estate investments | 149,022 | 93,877 | 104,626 |
Change in accounts and notes receivable | (559) | (34,160) | 5,229 |
Change in accounts payable and accrued expenses | 5,576 | (3,611) | (9,175) |
Change in other operating assets and liabilities | (25,755) | (54,576) | (54,707) |
Net cash flow provided by operating activities | 589,913 | 583,628 | 637,936 |
Cash flow from investing activities: | |||
Acquisition of operating real estate and other related net assets | (12,644) | (1,957) | (5,407) |
Improvements to operating real estate | (221,278) | (324,821) | (290,874) |
Acquisition of real estate under development | 0 | 0 | (4,592) |
Improvements to real estate under development | (22,358) | (118,841) | (235,988) |
Investment in marketable securities | 0 | (244) | (63) |
Proceeds from sale/repayments of marketable securities | 931 | 2,023 | 957 |
Proceeds from sale of cost method investment | 227,270 | 0 | 0 |
Investments in and advances to real estate joint ventures | (15,882) | (27,665) | (36,139) |
Reimbursements of investments in and advances to real estate joint ventures | 4,499 | 21,759 | 21,127 |
Investment in and advances to other real estate investments | (14,918) | (12,816) | (524) |
Reimbursements of investments in and advances to other real estate investments | 13,435 | 5,960 | 12,878 |
Investment in other financing receivable | (25,000) | (48) | (125) |
Collection of mortgage loans receivable | 177 | 10,449 | 22,299 |
Investment in other investments | (500) | (2,500) | (857) |
Proceeds from sale of properties | 30,545 | 324,280 | 754,731 |
Proceeds from insurance casualty claims | 2,450 | 4,000 | 16,222 |
Net cash flow (used for)/provided by investing activities | (33,273) | (120,421) | 253,645 |
Cash flow from financing activities: | |||
Principal payments on debt, excluding normal amortization of rental property debt | (158,556) | (6,539) | (204,746) |
Principal payments on rental property debt | (10,693) | (12,212) | (13,113) |
Proceeds from mortgage and construction loan financings | 0 | 16,028 | 50,972 |
(Repayments)/proceeds from the unsecured revolving credit facility, net | (200,000) | 100,000 | 92,254 |
Financing origination costs | (18,040) | (7,707) | (1,221) |
Payment of early extinguishment of debt charges | (7,538) | (1,531) | (13,308) |
Contributions from noncontrolling interests | 149 | 0 | 109 |
Redemption/distribution of noncontrolling interests | (23,345) | (15,134) | (6,660) |
Dividends paid | (379,874) | (531,565) | (529,756) |
Proceeds from issuance of stock, net | 981 | 204,012 | 33,705 |
Redemption of preferred stock | 0 | (575,000) | 0 |
Repurchase of common stock | 0 | 0 | (75,126) |
Change in other financing liabilities | (5,578) | (3,193) | (4,528) |
Net cash flow used for financing activities | (387,399) | (482,841) | (986,513) |
Net change in cash and cash equivalents | 169,241 | (19,634) | (94,932) |
Cash and cash equivalents, beginning of year | 123,947 | 143,581 | 238,513 |
Cash and cash equivalents, end of year | 293,188 | 123,947 | 143,581 |
Interest paid during the year including payment of early extinguishment of debt charges of $7,538, $1,531 and $13,308, respectively (net of capitalized interest of $13,683, $15,690 and $17,549, respectively) | 183,558 | 169,026 | 199,701 |
Income taxes paid/(received) during the year (net of refunds received of $47, $3,452 and $1,007, respectively) | 747 | (1,106) | 514 |
Senior Unsecured Notes [Member] | |||
Cash flow from financing activities: | |||
Proceeds from issuance of unsecured debt | 900,000 | 350,000 | 0 |
Repayments of unsecured debt | (484,905) | 0 | (315,095) |
Term Loan [Member] | |||
Cash flow from financing activities: | |||
Proceeds from issuance of unsecured debt | 590,000 | 0 | 0 |
Repayments of unsecured debt | (590,000) | 0 | 0 |
Joint Ventures [Member] | |||
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Equity in income | (47,353) | (72,162) | (71,617) |
Other Real Estate Investments [Member] | |||
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Equity in income | $ (28,628) | $ (26,076) | $ (29,100) |
Consolidated Statements of Ca_2
Consolidated Statements of Cash Flows (Parentheticals) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Cash paid for capitalized interest | $ 13,683 | $ 15,690 | $ 17,549 |
Early extinguishment of debt charges | 7,538 | 1,531 | 13,308 |
Income tax refunds | $ 47 | $ 3,452 | $ 1,007 |
Note 1 - Summary of Significant
Note 1 - Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | 1. Summary of Significant Accounting Policies: Business and Organization The Company operates as a Real Estate Investment Trust (āREITā) and is engaged principally in the ownership, management, development and operation of open-air shopping centers, which are anchored primarily by grocery stores, off-price retailers, discounters or service-oriented tenants. Additionally, the Company provides complementary services that capitalize on the Companyās established retail real estate expertise. The Company evaluates performance on a property specific or transactional basis and does not The Company has elected to be taxed as a REIT for federal income tax purposes under the Internal Revenue Code of 1986, Coronavirus Disease 2019 19" The COVID- 19 19 not 19 19 19. The COVID- 19 19 19 not 19. 19 19 Basis of Presentation The accompanying Consolidated Financial Statements include the accounts of the Company. The Companyās subsidiaries include subsidiaries which are wholly owned or which the Company has a controlling interest, including where the Company has been determined to be a primary beneficiary of a variable interest entity (āVIEā) in accordance with the consolidation guidance of the Financial Accounting Standards Board (āFASBā) Accounting Standards Codification (āASCā). All inter-company balances and transactions have been eliminated in consolidation. Use of Estimates GAAP requires the Company's management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities and the reported amounts of revenues and expenses during a reporting period. The most significant assumptions and estimates relate to the valuation of real estate and related intangible assets and liabilities, equity method investments, other investments, including the assessment of impairments, as well as, depreciable lives, revenue recognition, the collectability of trade accounts receivable, realizability of deferred tax assets and the assessment of uncertain tax positions. Application of these assumptions requires the exercise of judgment as to future uncertainties, and, as a result, actual results could differ from these estimates. Subsequent Events The Company has evaluated subsequent events and transactions for potential recognition or disclosure in its consolidated financial statements. Real Estate Real estate assets are stated at cost, less accumulated depreciation and amortization. Upon acquisition of real estate operating properties, the Company estimates the fair value of acquired tangible assets (consisting of land, building, building improvements and tenant improvements) and identified intangible assets and liabilities (consisting of above-market and below-market leases, in-place leases and tenant relationships, where applicable), assumed debt and redeemable units issued at the date of acquisition, based on evaluation of information and estimates available at that date. Fair value is determined based on a market approach, which contemplates the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Acquisitions of operating properties are categorized as asset acquisitions and as such the Company capitalizes the acquisition costs associated with these acquisitions. In allocating the purchase price to identified intangible assets and liabilities of an acquired property, the value of above-market and below-market leases is estimated based on the present value of the difference between the contractual amounts, including fixed rate below-market lease renewal options, to be paid pursuant to the leases and managementās estimate of the market lease rates and other lease provisions (i.e., expense recapture, base rental changes, etc.) measured over a period equal to the estimated remaining term of the lease. The capitalized above-market or below-market intangible is amortized to rental income over the estimated remaining term of the respective leases, which includes the expected renewal option period for below-market leases. Mortgage debt discounts or premiums are amortized into interest expense over the remaining term of the related debt instrument. In determining the value of in-place leases, management considers current market conditions and costs to execute similar leases in arriving at an estimate of the carrying costs during the expected lease-up period from vacant to existing occupancy. In estimating carrying costs, management includes real estate taxes, insurance, other operating expenses, estimates of lost rental revenue during the expected lease-up periods and costs to execute similar leases including leasing commissions, legal and other related costs based on current market demand. The value assigned to in-place leases and tenant relationships is amortized over the estimated remaining term of the leases. If a lease were to be terminated prior to its scheduled expiration, all unamortized costs relating to that lease would be written off. Depreciation and amortization are provided on the straight-line method over the estimated useful lives of the assets, as follows: Buildings and building improvements (in years) 5 to 50 Fixtures, leasehold and tenant improvements (including certain identified intangible assets) Terms of leases or useful lives, whichever is shorter The Company periodically assesses the useful lives of its depreciable real estate assets, including those expected to be redeveloped in future periods, and accounts for any revisions prospectively. Expenditures for maintenance, repairs and demolition costs are charged to operations as incurred. Significant renovations and replacements, which improve or extend the life of the asset, are capitalized. The useful lives of amortizable intangible assets are evaluated each reporting period with any changes in estimated useful lives being accounted for over the revised remaining useful life. When a real estate asset is identified by management as held-for-sale, the Company ceases depreciation of the asset and estimates the fair value. If the fair value of the asset, less cost to sell, is less than the net book value of the asset, an adjustment to the carrying value would be recorded to reflect the estimated fair value of the property, less estimated costs of sale and the asset is classified as other assets. On a continuous basis, management assesses whether there are any indicators, including property operating performance, changes in anticipated holding period and general market conditions, that the value of the real estate properties (including any related amortizable intangible assets or liabilities) may third third not third Real Estate Under Development Real estate under development represents the development of open-air shopping center projects, which may no one may Investments in Unconsolidated Joint Ventures The Company accounts for its investments in unconsolidated joint ventures under the equity method of accounting as the Company exercises significant influence, but does not The Companyās joint ventures primarily consist of co-investments with institutional and other joint venture partners in open-air shopping center properties, consistent with its core business. These joint ventures typically obtain non-recourse third may December 31, 2020, not To recognize the character of distributions from equity investees within its Consolidated Statements of Cash Flows, all distributions received are presumed to be returns on investment and classified as cash inflows from operating activities unless the Companyās cumulative distributions received less distributions received in prior periods that were determined to be returns of investment exceed its cumulative equity in earnings recognized by the investor (as adjusted for amortization of basis differences). When such an excess occurs, the current-period distribution up to this excess is considered a return of investment and classified as cash inflows from investing. On a continuous basis, management assesses whether there are any indicators, including the underlying investment property operating performance and general market conditions, that the value of the Companyās investments in unconsolidated joint ventures may Other Real Estate Investments and Other Assets Other real estate investments primarily consist of preferred equity investments for which the Company provides capital to owners and developers of real estate. The Company typically accounts for its preferred equity investments on the equity method of accounting, whereby earnings for each investment are recognized in accordance with each respective investment agreement and based upon an allocation of the investmentās net assets at book value as if the investment was hypothetically liquidated at the end of each reporting period. On a continuous basis, management assesses whether there are any indicators, including the underlying investment property operating performance and general market conditions, that the value of the Companyās Other real estate investments may The Companyās estimated fair values are based upon a discounted cash flow model for each investment that includes all estimated cash inflows and outflows over a specified holding period and, where applicable, any estimated debt premiums. Capitalization rates, discount rates and credit spreads utilized in these models are based upon rates that the Company believes to be within a reasonable range of current market rates. Other assets include investments for which the Company applies the cost method of accounting. The Company recognizes as income distributions from net accumulated earnings of the investee since the date of acquisition. The net accumulated earnings of an investee subsequent to the date of investment are recognized by the Company only to the extent distributed by the investee. Distributions received in excess of earnings subsequent to the date of investment are considered a return of investment and are recorded as reductions of cost of the investment. Cash and Cash Equivalents Cash and cash equivalents include demand deposits in banks, commercial paper and certificates of deposit with original maturities of three may, Mortgages and Other Financing Receivables Mortgages and other financing receivables consist of loans acquired and loans originated by the Company, which are included within Other assets on the Company's Consolidated Balance Sheets. Borrowers of these loans are primarily experienced owners, operators or developers of commercial real estate. The Companyās loans are primarily mortgage loans that are collateralized by real estate. Mortgages and other financing receivables are recorded at stated principal amounts, net of any discount or premium or deferred loan origination costs or fees. The related discounts or premiums on mortgages and other loans purchased are amortized or accreted over the life of the related loan receivable. The Company defers certain loan origination and commitment fees, net of certain origination costs and amortizes them as an adjustment of the loanās yield over the term of the related loan. On January 1, 2020, 2016 13 Financial Instruments ā Credit Losses (Topic 326 January 1, 2020 326 On a quarterly basis, the Company reviews credit quality indicators such as (i) payment status to identify performing versus non-performing loans, (ii) changes affecting the underlying real estate collateral and (iii) national and regional economic factors. The Company has determined that it has one Interest income on performing loans is accrued as earned. A non-performing loan is placed on non-accrual status when it is probable that the borrower may Marketable Securities The Company classifies its marketable equity securities as available-for-sale in accordance with the FASBās Investments-Debt and Equity Securities guidance. In accordance with ASU 2016 01, Financial Instrumentsā Overall (Subtopic 825 10 Deferred Leasing Costs Effective January 1, 2019, 2016 02, Leases (Topic 842 2016 02ā 2016 02 Software Development Costs Expenditures for major software purchases and software developed for internal use are capitalized and amortized on a straight-line basis generally over a period of three ten December 31, 2020, 2019, December 31, 2020, 2019 2018, Deferred Financing Costs Costs incurred in obtaining long-term financing, included in Notes payable, net and Mortgages and construction loan payable, net in the accompanying Consolidated Balance Sheets, are amortized on a straight-line basis, which approximates the effective interest method, over the terms of the related debt agreements, as applicable. Revenue , Trade Accounts Receivable and Gain Recognition The Company determines the proper amount of revenue to be recognized in accordance with ASU 2014 09, Revenue from Contracts with Customers (Topic 606 606ā December 31, 2020, no The Companyās primary source of revenues are derived from lease agreements which fall under the scope of ASU 2016 02, Leases (Topic 842 842ā 606, 606 Revenues from rental properties , net Revenues from rental properties, net are comprised of minimum base rent, percentage rent, lease termination fee income, amortization of above-market and below-market rent adjustments and straight-line rent adjustments. The Company accounts for lease and non-lease components, as combined components under Topic 842. Base rental revenues from rental properties are recognized on a straight-line basis over the terms of the related leases. Certain of these leases also provide for percentage rents based upon the level of sales achieved by the lessee. These percentage rents are recognized once the required sales level is achieved. Rental income may Also included in Revenues from rental properties, net are ancillary income and TIF income. Ancillary income is derived through various agreements relating to parking lots, clothing bins, temporary storage, vending machines, ATMs, trash bins and trash collections, seasonal leases, etc. The majority of the revenue derived from these sources is through lease agreements/arrangements and is recognized in accordance with the lease terms described in the lease. The Company has TIF agreements with certain municipalities and receives payments in accordance with the agreements. TIF reimbursement income is recognized on a cash basis when received. Management and other fee income Property management fees, property acquisition and disposition fees, construction management fees, leasing fees and asset management fees all fall within the scope of Topic 606. third Leasing fee income is recognized as a single performance obligation primarily upon the rent commencement date. The Company believes the leasing services it provides are similar for each available space leased and none Property acquisition and disposition fees are recognized when the Company satisfies a performance obligation by acquiring a property or transferring control of a property. These fees are billed subsequent to the acquisition or sale of the property and payment is due upon receipt. Construction management fees are recognized as a single performance obligation (managing the construction of the project) composed of a series of distinct services. The Company believes that the overall service of construction management is substantially the same each day and has the same pattern of performance over the term of the agreement. As a result, each day of service represents a performance obligation satisfied at that point in time. These fees are based on the amount spent on the construction at the end of each period for services performed during that period, primarily billed to the customer monthly with payment due upon receipt. Trade Accounts Receivable The Company reviews its trade accounts receivable, including its straight-line rent receivable, related to base rents, straight-line rent, expense reimbursements and other revenues for collectability. When evaluating the probability of the collection of the lesseeās total accounts receivable, including the corresponding straight-line rent receivable balance on a lease-by-lease basis; the Company considered the effects COVID- 19 January 1, 2019, 842, 842, not may Since the outbreak of the COVID- 19 19 19 December 31, 2020, 19 six 18 Gains on sale of properties/change in control of interests On January 1, 2018, 2017 05, Other IncomeāGains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610 20 610ā 610 Leases The FASB issued Topic 842, 840, Leases The Company adopted this standard effective January 1, 2019 842 842 not not not Lessor The Company accounts for non-lease components and related lease components combined under Topic 842, 2018 11, Leases Targeted Improvements 2018 11ā 842 840, not not 842 third no not not In April 2020, Topic 842 840: 19 842, 19 19 may not 19 19 not Some concessions will provide a deferral of payments with no none (i) Account for the concessions as if no (ii) Account for the deferred payments as variable lease payments. The Company has elected to apply the modification relief as described in (i) above to the lease concessions it has entered into during the year ended December 31, 2020, 19 Lessee The Companyās leases where it is the lessee primarily consist of ground leases and administrative office leases. ROU assets represent the Companyās right to use an underlying asset for the lease term and lease liabilities represent the Companyās obligation to make lease payments arising from the lease. ROU assets and lease liabilities are recognized at the commencement date of the lease and are based on the present value of lease payments over the lease term. The Company utilized an incremental borrowing rate based on the information available at adoption of Topic 842 not not 11 Income Taxes The Company elected to qualify as a REIT for federal income tax purposes commencing with its taxable year January 1, 1992 not 856 860 The Company maintains certain subsidiaries which made joint elections with the Company to be treated as taxable REIT subsidiaries (āTRSsā), which permit the Company to engage through such TRSs in certain business activities that the REIT may not may not not Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. The Company provides a valuation allowance for deferred tax assets for which it does not not. The Company reviews the need to establish a valuation allowance against deferred tax assets on a quarterly basis. The review includes an analysis of various factors, such as future reversals of existing taxable temporary differences, the capacity for the carryback or carryforward of any losses, the expected occurrence of future income or loss and available tax planning strategies. The Company applies the FASBās guidance relating to uncertainty in income taxes recognized in a Companyās financial statements. Under this guidance the Company may not fifty Noncontrolling Interests The Company accounts for noncontrolling interests in accordance with the Consolidation guidance and the Distinguishing Liabilities from Equity guidance issued by the FASB. Noncontrolling interests represent the portion of equity that the Company does not Noncontrolling interests also include amounts related to partnership units issued by consolidated subsidiaries of the Company in connection with certain property acquisitions. These units have a stated redemption value or a defined redemption amount based upon the trading price of the Companyās common stock and provides the unit holders various rates of return during the holding period. The unit holders generally have the right to redeem their units for cash at any time after one The Company evaluates the terms of the partnership units issued in accordance with the FASBās Distinguishing Liabilities from Equity guidance. Convertible units for which the Company has the option to settle redemption amounts in cash or common stock are included in the caption Noncontrolling interests within the equity section on the Companyās Consolidated Balance Sheets. Units which embody a conditional obligation requiring the Company to redeem the units for cash after a specified or determinable date (or dates) or upon the occurrence of an event that is not Contingently redeemable noncontrolling interests are recorded at fair value upon issuance. Any change in the fair value or redemption value of these noncontrolling interests is subsequently recognized through Paid-in capital on the Companyās Consolidated Balance Sheets and is included in the Companyās computation of earnings per share (see Footnote 23 Stock Compensation In May 2020, 2020 ā2020 2010 March 2020. 2020 fourth fifth four five ten fifth one three may 2020 The Company accounts for equity awards in accordance with the FASBās Stock Compensation guidance which requires that all share-based payments to employees be recognized in the Statements of Income over the service period based on their fair values. Fair value of performance awards is determined using the Monte Carlo method, which is intended to estimate the fair value of the awards at the grant date (see Footnote 21 Reclassifications Certain amounts in the prior periods have been reclassified in order to conform to the current periodās presentation. For comparative purposes, the Company reclassified (i) $9.4 million of marketable securities from Other assets to Marketable securities on the Companyās Consolidated Balance Sheets at December 31, 2019 December 31, 2019 2018, New Accounting Pronouncements The following table represents ASUs to the FASBās ASCs that, as of December 31, 2020, not not adoption, where permitted: ASU Description Effective Date Effect on the financial statements or other significant matters ASU 2020 01, 321 323 815 321, 323, 815 The amendments clarify the interaction between the accounting for equity securities, equity method investments, and certain derivative instruments. This ASU, among other things, clarifies that an entity should consider observable transactions that require a company to either apply or discontinue the equity method of accounting under Topic 323 321 January 1, 2021; The adoption of this ASU is not The following ASUs to the FASBās ASCs have been adopted by the Company as of the date listed: ASU Description Adoption Date Effect on the financial ASU 2020 04, 848 This ASU is intended to provide temporary optional expedients and exceptions to GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens related to the expected market transition from the London Interbank Offered Rate ("LIBOR") and other interbank offered rates to alternative reference rates. This guidance is effective immediately, and the Company may December 31, 2022. The adoption of this ASU did not ASU 2020 03, This ASU improves and clarifies various financial instruments topics. The ASU includes seven The amendment is divided into issues 1 7 The Company adopted issues 1 7 not ASU 2018 17, 810 The amendment to Topic 810 (i) Applying the variable interest entity (VIE) guidance to private companies under common control, and (ii) Considering indirect interests held through related parties under common control, for determining whether fees paid to decision makers and service providers are variable interests. This update improves the accounting for those areas, thereby improving general purpose financial reporting. Retrospective adoption is required. January 1, 2020; The adoption of this ASU did not ASU 2018 15, 350 40 The amendment aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. January 1, 2020; The adoption of this ASU did not ASU 2018 13, 820 The amendment modifies the disclosure requirements for fair value measurements in Topic 820, Conceptual Framework for Financial Reporting ā Chapter 8: Notes to Financial Statements January 1, 2020; The adoption of this ASU did not ASU 2016 13, 326 ASU 2018 19, 326, ASU 2019 05, 326 ASU 2019 11, 326, The new guidance introduces a new model for estimating credit losses for certain types of financial instruments, including loans receivable, held-to-maturity debt securities, and net investments in direct financing leases, amongst other financial instruments. ASU 2016 13 In November 2018, 2018 19, 842 In May 2019, 2019 05, 2016 13 2016 13, 326 203 825 10.4. not 2016 13. 2016 13. In November 2019, 2019 11, January 1, 2020; The Company adopted this standard using the modified retrospective method. While the Companyās mortgages and other financing receivables are impacted by this ASU, the adoption did not |
Note 2 - Real Estate
Note 2 - Real Estate | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Real Estate Disclosure [Text Block] | 2. Real Estate: The Companyās components of Real estate, net consist of the following (in thousands): December 31, 20 20 201 9 Land: Developed land $ 2,758,936 $ 2,759,232 Undeveloped land 22,952 28,923 Total land 2,781,888 2,788,155 Buildings and improvements: Buildings 5,911,602 5,661,306 Building improvements 1,918,641 1,840,580 Tenant improvements 820,027 771,498 Fixtures and leasehold improvements 32,123 31,563 Above-market leases 125,858 128,854 In-place leases 473,016 487,150 Total buildings and improvements 9,281,267 8,920,951 Real estate 12,063,155 11,709,106 Accumulated depreciation and amortization (1) (2,717,114 ) (2,500,053 ) Total real estate, net $ 9,346,041 $ 9,209,053 ( 1 At December 31, 2020 2019, In addition, at December 31, 2020 2019, The Companyās amortization associated with above-market and below-market leases for the years ended December 31, 2020, 2019 2018 December 31, 2020, 2019 2018 The estimated net amortization income/(expense) associated with the Companyās above-market and below-market leases and in-place leases for the next five 2021 2022 2023 2024 2025 Above-market and below-market leases amortization, net $ 12.1 $ 12.2 $ 11.3 $ 11.0 $ 11.2 In-place leases amortization $ (23.1 ) $ (17.8 ) $ (13.5 ) $ (10.3 ) $ (7.5 ) |
Note 3 - Property Acquisitions,
Note 3 - Property Acquisitions, Developments and Other Investments | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Business Combination Disclosure [Text Block] | 3. Property Acquisitions and Other Investments: Acquisition /Consolidation of Operating Properties During the year ended December 31, 2020, Purchase Price Property Name Location Month Acquired Cash GLA* North Valley Parcel Peoria, AZ Feb-20 $ 7,073 9 During the year ended December 31, 2019, Purchase Price Property Name Location Month Cash* Debt Other Total GLA Bell Camino Out-parcel Sun City, AZ Jan-19 $ 5,678 $ - $ - $ 5,678 45 Gateway at Donner Pass Out-parcel Truckee, CA Jan-19 13,527 - - 13,527 40 Rancho Penasquitos Out-parcel San Diego, CA Jan-19 12,064 - - 12,064 40 Linwood Square (1) Indianapolis, IN Dec-19 1,957 5,389 4,543 11,889 165 $ 33,226 $ 5,389 $ 4,543 $ 43,158 290 * The Company utilized an aggregate $36.1 million associated with Internal Revenue Code 26 Ā§1031 ** Includes the Companyās previously held equity interest investment, net of noncontrolling interest of the remaining partners. ( 1 The Company acquired a partnerās ownership interest in a property which was held in a joint venture in which the Company had a noncontrolling interest. The Company now has a 69.5% controlling interest in this property and has deemed this entity to be a VIE for which the Company is the primary beneficiary and consolidates the asset. The Company evaluated this transaction pursuant to the FASBās Consolidation guidance and, as a result, recognized a gain on change in control of interests of $0.1 million resulting from the fair value adjustment associated with the Companyās previously held equity interest, which are included in the purchase price above in Other Consideration. Included in the Companyās Consolidated Statements of Income are $0.4 million and $1.4 million in total revenues from the date of acquisition through December 31, 2020 2019, Purchase Price Allocations The purchase price for these acquisitions is allocated to real estate and related intangible assets acquired and liabilities assumed, as applicable, in accordance with our accounting policies for asset acquisitions. The purchase price allocations for properties acquired/consolidated during the years ended December 31, 2020 2019, Allocation as of 2 0 Weighted- Average Useful (in Years) Allocation as of Weighted- Average Useful (in Years) Land $ 935 n/a $ 11,852 n/a Buildings 4,610 50.0 21,075 50.0 Building improvements 221 45.0 3,703 45.0 Tenant improvements 382 19.4 2,234 16.9 In-place leases 925 19.4 4,921 18.2 Above-market leases - n/a 203 9.0 Below-market leases - n/a (765 ) 12.0 Other assets - n/a 850 n/a Other liabilities - n/a (915 ) n/a Net assets acquired/consolidated $ 7,073 $ 43,158 |
Note 4 - Real Estate Under Deve
Note 4 - Real Estate Under Development | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Real Estate Under Development [Text Block] | 4. Real Estate Under Development : The Company had a real estate development project located in Dania Beach, FL for long-term investment. During June 2020, December 31, 2020, one During 2019, |
Note 5 - Dispositions of Real E
Note 5 - Dispositions of Real Estate | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Mergers, Acquisitions and Dispositions Disclosures [Text Block] | 5. D ispositions of Real Estate Real Estate The table below summarizes the Companyās disposition activity relating to operating properties and parcels, in separate transactions (dollars in millions): Year Ended December 31, 2020 2019 (1) 2018 Aggregate sales price/gross fair value $ 31.8 $ 344.7 $ 1,164.3 Gain on sale of properties/change in control of interests $ 6.5 $ 79.2 $ 229.8 Number of operating properties sold/deconsolidated 3 20 54 Number of parcels sold 4 9 7 ( 1 Includes the parcel sale at Dania Pointe, noted above in Footnote 4 Included in the table above, during the year ended December 31, 2018, no 2017 05 January 1, 2018 ( 1 Land S ales During 2018, December 31, 2018. |
Note 6 - Impairments
Note 6 - Impairments | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Asset Impairment Charges [Text Block] | 6. Impairments Management assesses on a continuous basis whether there are any indicators, including property operating performance, changes in anticipated holding period, general market conditions and delays of or change in plans for development, that the value of the Companyās assets (including any related amortizable intangible assets or liabilities) may The Company has a capital recycling program which provides for the disposition of certain properties, typically of lesser quality assets in less desirable locations. The Company adjusted the anticipated hold period for these properties and as a result the Company recognized impairment charges on certain operating properties (see Footnote 16 The Companyās efforts to market certain assets and managementās assessment as to the likelihood and timing of such potential transactions and/or the property hold period resulted in the Company recognizing impairment charges for the years ended December 31, 2020, 2019 2018 20 20 201 9 201 8 Properties marketed for sale (1) $ 5.5 $ 12.5 $ 59.5 Properties disposed/deeded in lieu/foreclosed (2) 1.1 36.2 19.7 Total net impairment charges $ 6.6 $ 48.7 $ 79.2 ( 1 These impairment charges relate to adjustments to property carrying values for properties which the Company has marketed for sale as part of its capital recycling program and as such has adjusted the anticipated hold periods for such properties. During December 2018, no ( 2 Amounts relate to dispositions/deeds in lieu/foreclosures during the respective years shown. In addition to the impairment charges above, the Company recognized impairment charges during 2020, 2019 2018 7 The COVID- 19 19 |
Note 7 - Investments In and Adv
Note 7 - Investments In and Advances to Real Estate Joint Ventures | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Investments and Advances In Real Estate Joint Ventures [Text Block] | 7. Investment in and Advances to Real Estate Joint Ventures The Company has investments in and advances to various real estate joint ventures. These joint ventures are engaged primarily in the operation of shopping centers which are either owned or held under long-term operating leases. The Company and the joint venture partners have joint approval rights for major decisions, including those regarding property operations. As such, the Company holds noncontrolling interests in these joint ventures and accounts for them under the equity method of accounting. The table below presents unconsolidated joint venture investments for which the Company held an ownership interest at December 31, 2020 2019 The Company's Investment Ownership December 31, Joint Venture Interest 2020 2019 Prudential Investment Program (1) (2) 15.0 % $ 175.1 $ 169.5 Kimco Income Opportunity Portfolio (āKIRā) (2) 48.6 % 177.4 175.0 Canada Pension Plan Investment Board (āCPPā) (2) 55.0 % 159.7 151.7 Other Joint Venture Programs Various 78.5 81.9 Total* $ 590.7 $ 578.1 * Representing 97 property interests and 21.2 million square feet of GLA, as of December 31, 2020, December 31, 2019. ( 1 Represents three three ( 2 The Company manages these joint venture investments and, where applicable, earns acquisition fees, leasing commissions, property management fees, asset management fees and construction management fees. The table below presents the Companyās share of net income for these investments which is included in Equity in income of joint ventures, net on the Companyās Consolidated Statements of Income (in millions): Year Ended December 31, 20 20 201 9 201 8 Prudential Investment Program (1) $ 9.0 $ 10.4 $ 15.2 KIR 30.5 50.3 38.7 CPP 5.6 5.8 5.1 Other Joint Venture Programs (2) 2.3 5.7 12.6 Total $ 47.4 $ 72.2 $ 71.6 ( 1 During the year ended December 31, 2019, ( 2 During the year ended December 31, 2018, December 31, 2018, During 2019, nine December 31, 2019. During 2018, December 31, 2018. The table below presents debt balances within the Companyās unconsolidated joint venture investments for which the Company held noncontrolling ownership interests at December 31, 2020 2019 December 31, 20 20 December 31, 201 9 Joint Venture Mortgages and Weighted Weighted Mortgages and , N et Weighted Weighted (months)* Prudential Investment Program $ 495.8 2.05 % 37.2 $ 538.1 3.46 % 46.8 KIR 536.9 3.87 % 25.3 556.0 4.39 % 28.4 CPP 84.9 3.25 % 30.0 84.8 3.25 % 42.0 Other Joint Venture Programs 423.4 3.41 % 86.7 415.2 3.87 % 80.9 Total $ 1,541.0 $ 1,594.1 * Average remaining term includes extensions KIR ā The Company holds a 48.6% noncontrolling limited partnership interest in KIR and has a master management agreement whereby the Company performs services for fees relating to the management, operation, supervision and maintenance of the joint venture properties. The Companyās equity in income from KIR for the year ended December 31, 2019 10% December 31, 2020 2019 Assets: Real estate, net $ 787.1 $ 788.7 Other assets 75.3 83.6 Total Assets $ 862.4 $ 872.3 Liabilities and Membersā Capital: Notes payable, net $ 91.5 $ - Mortgages payable, net 445.4 556.0 Other liabilities 17.4 16.3 Membersā capital 308.1 300.0 Total Liabilities and Members' Capital $ 862.4 $ 872.3 Year Ended December 31, 2020 2019 2018 Revenues, net $ 173.9 $ 193.6 $ 197.2 Operating expenses (49.5 ) (51.0 ) (53.3 ) Depreciation and amortization (36.9 ) (38.0 ) (42.2 ) Gain on sale of properties - 32.2 13.5 Interest expense (23.8 ) (28.2 ) (33.3 ) Other expense, net (1.6 ) (1.1 ) (1.5 ) Net income $ 62.1 $ 107.5 $ 80.4 Summarized financial information for the Companyās investment in and advances to all other real estate joint ventures is as follows (in millions): December 31, 2020 2019 Assets: Real estate, net $ 2,549.2 $ 2,596.9 Other assets 179.0 140.3 Total Assets $ 2,728.2 $ 2,737.2 Liabilities and Membersā Capital: Notes payable, net $ 199.8 $ 199.8 Mortgages payable, net 804.3 838.3 Other liabilities 53.6 59.5 Noncontrolling interests 18.3 17.7 Membersā capital 1,652.2 1,621.9 Total Liabilities and Members' Capital $ 2,728.2 $ 2,737.2 Year Ended December 31, 2020 2019 2018 Revenues, net $ 282.4 $ 317.6 $ 309.1 Operating expenses (101.9 ) (99.4 ) (92.8 ) Impairment charges (4.4 ) (39.5 ) (20.7 ) Depreciation and amortization (75.0 ) (76.9 ) (80.3 ) Gain on sale of properties 0.2 15.0 46.8 Interest expense (31.2 ) (47.1 ) (46.8 ) Other expense, net (10.8 ) (14.2 ) (2.9 ) Net income $ 59.3 $ 55.5 $ 112.4 Other liabilities included in the Companyās accompanying Consolidated Balance Sheets include investments in certain real estate joint ventures totaling $3.7 million and $3.5 million at December 31, 2020 2019, may The Companyās maximum exposure to losses associated with its unconsolidated joint ventures is primarily limited to its carrying value in these investments. Generally, such investments contain operating properties and the Company has determined these entities do not December 31, 2020 2019, The Company will continue to monitor the economic, financial, and social conditions resulting from the COVID- 19 |
Note 8 - Other Real Estate Inve
Note 8 - Other Real Estate Investments | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Other Real Estate Investments and Other Assets [Text Block] | 8. Other Real Estate Investments : Preferred Equity Capital ā The Company has provided capital to owners and developers of real estate properties and loans through its Preferred Equity program. The Companyās maximum exposure to losses associated with its preferred equity investments is primarily limited to its net investment. As of December 31, 2020, December 31, 2020, December 31, 2019, December 31, 2019, In December 2020, December 31, 2020, As of December 31, 2020, one four Summarized financial information relating to the Companyās preferred equity investments is as follows (in millions): December 31, 20 20 2019 Assets: Real estate, net $ 95.7 $ 91.6 Other assets 216.5 484.6 Total Assets $ 312.2 $ 576.2 Liabilities and Partnersā/Membersā Capital: Mortgages payable, net $ 146.7 $ 236.1 Other liabilities 4.5 2.6 Partnersā/Membersā capital 161.0 337.5 Total Liabilities and Partnersā/Members' Capital $ 312.2 $ 576.2 Year Ended December 31, 2020 2019 2018 Revenues $ 44.6 $ 66.6 $ 77.0 Operating expenses (11.1 ) (16.0 ) (15.5 ) Depreciation and amortization (2.9 ) (3.2 ) (4.3 ) Gain on sale of properties 0.2 13.6 1.9 Interest expense (7.0 ) (11.9 ) (16.9 ) Other expense, net (4.0 ) (7.9 ) (8.2 ) Net income $ 19.8 $ 41.2 $ 34.0 |
Note 9 - Marketable Securities
Note 9 - Marketable Securities | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | 9. M arketable Securities The amortized cost and unrealized gains/(losses), net of marketable securities as of December 31, 2020 2019, As of December 31 , 2020 As of December 31, 2019 Marketable securities: Amortized cost (1) $ 114,531 $ 12,064 Unrealized gains/(losses), net (1) 592,423 (2,711 ) Total fair value $ 706,954 $ 9,353 ( 1 See Albertsons Companies, Inc. discussion below. During the years ended December 31, 2020 2019, 16 Albertsons Companies, Inc. (āACIā) The Company owned 9.29% of the common stock of ACI, one December 31, 2019. June 2020, On June 25, 2020, June 26, 2020. December 31, 2020, December 31, 2020, During October 2020, 1 November 10, 2020 October 26, 2020. December 31, 2020, |
Note 10 - Variable Interest Ent
Note 10 - Variable Interest Entities ("VIE") | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | 10. Variable Interest Entities (āVIEā) Included within the Companyās operating properties at December 31, 2020 2019, not not December 31, 2020, December 31, 2019, The majority of the operations of these VIEs are funded with cash flows generated from the properties. The Company has not not may Additionally, included within the Companyās real estate development projects at 2019, one not not December 31, 2019, December 31, 2020, no All liabilities of these VIEs are non-recourse to the Company (āVIE Liabilitiesā). The assets of the unencumbered VIEs are not third December 31, 20 20 December 31, 201 9 Number of unencumbered VIEs 19 19 Number of encumbered VIEs 3 4 Total number of consolidated VIEs 22 23 Restricted Assets: Real estate, net $ 97.7 $ 228.9 Cash and cash equivalents 1.8 9.2 Accounts and notes receivable, net 1.9 3.8 Other assets 1.1 3.6 Total Restricted Assets $ 102.5 $ 245.5 VIE Liabilities: Mortgages and construction loan payable, net $ 36.5 $ 104.5 Accounts payable and accrued expenses 5.2 7.1 Operating lease liabilities 5.5 5.6 Other liabilities 14.9 36.2 Total VIE Liabilities $ 62.1 $ 153.4 |
Note 11 - Leases
Note 11 - Leases | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Lessee, Operating Leases [Text Block] | 11. Leases Lessor Leases The Companyās primary source of revenues is derived from lease agreements, which includes rental income and expense reimbursement. The Companyās lease income is comprised of minimum base rent, expense reimbursements, percentage rent, lease termination fee income, ancillary income, amortization of above-market and below-market rent adjustments and straight-line rent adjustments. The disaggregation of the Companyās lease income, which is included in Revenue from rental properties on the Companyās Consolidated Statements of Operations, as either fixed or variable lease income based on the criteria specified in ASC 842, December 31, 2020 2019, Year Ended December 31, 2020 2019 Lease income: Fixed lease income (1) $ 804,107 $ 880,214 Variable lease income (2) 218,266 242,110 Above-market and below-market leases amortization, net 22,515 20,010 Total lease income (3) $ 1,044,888 $ 1,142,334 ( 1 Includes minimum base rents, expense reimbursements, ancillary income and straight-line rent adjustments. ( 2 Includes minimum base rents, expense reimbursements, percentage rent, lease termination fee income and ancillary income. ( 3 During 2020, 19 Base rental revenues from rental properties are recognized on a straight-line basis over the terms of the related leases. The difference between the amount of rental income contracted through leases and rental income recognized on a straight-line basis for the years ended December 31, 2020, 2019 2018 The Company is primarily engaged in the operation of shopping centers that are either owned or held under long-term leases that expire at various dates through 2072. five three December 31, 2020, 2019 2018. The minimum revenues expected to be received by the Company from rental properties under the terms of all non-cancelable tenant leases for future years, assuming no 202 1 202 2 202 3 202 4 202 5 Thereafter Minimum revenues $ 848.8 $ 741.0 $ 645.3 $ 549.9 $ 457.8 $ 2,403.3 Lessee Leases The Company adopted Topic 842, January 1, 2019, 1 842 one not not December 31, 2020. The Companyās operating lease liabilities are determined based on the estimated present value of the Companyās minimum lease payments under its lease agreements. The discount rate used to determine the lease liabilities is based on the estimated incremental borrowing rate on a lease by lease basis. When calculating the incremental borrowing rates, the Company utilized data from (i) its recent debt issuances, (ii) publicly available data for instruments with similar characteristics, (iii) observable mortgage rates and (iv) unlevered property yields and discount rates. The Company then applied adjustments to account for considerations related to term and security that may not December 31, 2020, December 31, 2020, The components of the Companyās lease expense, which are included in rent expense and general and administrative expense on the Companyās Consolidated Statements of Income, were as follows (in thousands): Year Ended December 31, 2020 2019 Lease cost: Operating lease cost $ 10,371 12,630 Variable lease cost 2,852 2,038 Total lease cost $ 13,223 14,668 The table below reconciles the undiscounted cash flows for each of the first five Year Ending December 31, 2021 $ 11,209 2022 10,596 2023 10,623 2024 9,801 2025 9,285 Thereafter 128,795 Total minimum lease payments $ 180,309 Less imputed interest (83,690 ) Total operating lease liabilities $ 96,619 |
Note 12 - Other Assets
Note 12 - Other Assets | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Other Assets Disclosure [Text Block] | 12. Other Assets Mortgages and Other Financing Receivables The Company has various mortgages and other financing receivables which consist of loans acquired and loans originated by the Company. For a complete listing of the Companyās mortgages and other financing receivables at December 31, 2020, 10 The following table reconciles mortgage loans and other financing receivables from January 1, 2018 December 31, 2020 ( 20 20 201 9 201 8 Balance at January 1, $ 7,829 $ 14,448 $ 21,838 Additions: New mortgage and other loans 25,500 3,750 14,825 Additions under existing mortgage loans - 48 - Foreign currency translation - - 116 Amortization of loan discounts - 33 125 Deductions: Loan repayments (25 ) (10,136 ) (21,012 ) Collections of principal (152 ) (313 ) (1,287 ) Charge off/foreign currency translation - - (155 ) Allowance for credit losses (906 ) - - Amortization of loan costs - (1 ) (2 ) Balance at December 31, $ 32,246 $ 7,829 $ 14,448 The Company reviews payment status to identify performing versus non-performing loans. As of December 31, 2020, eight |
Note 13 - Notes Payable
Note 13 - Notes Payable | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | 13. Notes Payable As of December 31, 2020 2019 Carrying Amount at December 31, Interest Rate at December 31, Maturity Date at 20 20 201 9 20 20 201 9 December 31, 20 20 Senior unsecured notes $ 5,100.0 $ 4,684.9 1.90% - 4.45 % 2.70% - 4.45 % Nov-2022ā Oct 2049 Credit facility - 200.0 (1 ) (2 ) Mar-2024 Deferred financing costs, net (3) (55.8 ) (53.1 ) n/a n/a n/a $ 5,044.2 $ 4,831.8 3.33%* 3.46%* * Weighted-average interest rate ( 1 Accrues interest at a rate of LIBOR plus 0.765% (0.91% at December 31, 2020). ( 2 Accrued interest at a rate of LIBOR plus 0.875% (2.64% at December 31, 2019). ( 3 As of December 31, 2020, During the years ended December 31, 2020 2019, Date Issued Maturity Date Amount Issued Interest Rate Aug-2020 Mar-2028 $ 400.0 1.90 % Jul-2020 (1) Oct-2030 $ 500.0 2.70 % Aug-2019 Oct-2049 $ 350.0 3.70 % ( 1 In July 2020, four 2018 three During the year ended December 31, 2020, Date Paid Maturity Date Amount Repaid Interest Rate Jul-2020 & Aug-2020 (1) May-2021 $ 484.9 3.20 % ( 1 The Company incurred a prepayment charge of $7.5 million, which is included in Early extinguishment of debt charges on the Companyās Consolidated Statements of Income. The scheduled maturities of all notes payable excluding unamortized debt issuance costs of $55.8 million, as of December 31, 2020, 202 1 202 2 202 3 202 4 202 5 Thereafter Total Principal payments $ - $ 500.0 $ 350.0 $ 400.0 $ 500.0 $ 3,350.0 $ 5,100.0 The Companyās supplemental indentures governing its Senior Unsecured Notes contain covenants whereby the Company is subject to maintaining (a) certain maximum leverage ratios on both unsecured senior corporate and secured debt, minimum debt service coverage ratios and minimum equity levels, (b) certain debt service ratios and (c) certain asset to debt ratios. In addition, the Company is restricted from paying dividends in amounts that exceed by more than $26.0 million the funds from operations, as defined, generated through the end of the calendar quarter most recently completed prior to the declaration of such dividend; however, this dividend limitation does not December 31, 2020. Interest on the Companyās fixed-rate Senior Unsecured Notes is payable semi-annually in arrears. Proceeds from these issuances were primarily used for the acquisition of shopping centers, the expansion and improvement of properties in the Companyās portfolio and the repayment of certain debt obligations of the Company. Term Loan On April 1, 2020, April 2021, one April 2022. July 2020, Credit Facility In February 2020, March 2024, two six March 2025. one December 31, 2020), December 31, 2020, no $0.3 |
Note 14 - Mortgages and Constru
Note 14 - Mortgages and Construction Loan Payable | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Mortgage Notes Payable Disclosure [Text Block] | 14. Mortgages and Construction Loan Payable 10 As of December 31, 2020 2019, Carrying Amount at December 31, Interest Rate at December 31, Maturity Date at 20 20 201 9 20 20 201 9 December 31, 20 20 Mortgages payable $ 308.4 $ 410.6 3.23% - 7.23 % 3.23% - 7.23 % Apr-2021 ā Apr-2028 Construction loan payable (1) - 67.0 n/a 3.56 % n/a Fair value debt adjustments, net 3.5 7.9 n/a n/a n/a Deferred financing costs, net (0.6 ) (1.5 ) n/a n/a n/a $ 311.3 $ 484.0 4.73%* 4.97%* * Weighted-average interest rate ( 1 Accrued interest at a rate of LIBOR plus 1.80% (3.56% as of December 31, 2019). January 2020, During 2020, four During 2019, three 2019, The scheduled principal payments (excluding any extension options available to the Company) of all mortgages payable, excluding unamortized fair value debt adjustments of $3.5 million and unamortized debt issuance costs of $0.6 million, as of December 31, 2020, 202 1 202 2 202 3 202 4 202 5 Thereafter Total Principal payments $ 144.9 $ 144.4 $ 15.1 $ 1.7 $ 0.6 $ 1.7 $ 308.4 |
Note 15 - Noncontrolling Intere
Note 15 - Noncontrolling Interests and Redeemable Noncontrolling Interests | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Noncontrolling Interest Disclosure [Text Block] | 15. Noncontrolling Interests and Redeemable Noncontrolling Interests Noncontrolling interests represent the portion of equity that the Company does not Noncontrolling interests The Company owns seven December 31, 2020 2019, December 31, 2020: Type Par Value Per Unit Number of Units Remaining Return Per Annum Class B-1 Preferred Units (1) $ 10,000 189 7.0% Class B-2 Preferred Units (2) $ 10,000 42 7.0% Class C DownReit Units (1) $ 30.52 52,797 Equal to the Companyās common stock dividend ( 1 These units are redeemable for cash by the holder or at the Companyās option, shares of the Companyās common stock, based upon the conversion calculation as defined in the agreement. These units are included in Noncontrolling interests on the Companyās Consolidated Balance Sheets. ( 2 These units are redeemable for cash by the holder or callable by the Company and are included in Redeemable noncontrolling interests on the Companyās Consolidated Balance Sheets. The Company owns a shopping center located in Bay Shore, NY, which was acquired in 2006 1:1. April 3, 2026, 2007, 2019 2018, 30 December 31, 2020 2019, Noncontrolling interests also includes 138,015 convertible units issued during 2006 1:1. During the year ended December 31, 2020, two no one Redeemable noncontrolling interests Included within noncontrolling interests are units that were determined to be contingently redeemable that are classified as Redeemable noncontrolling interests and presented in the mezzanine section between Total liabilities and Stockholderās equity on the Companyās Consolidated Balance Sheets. The following table presents the change in the redemption value of the Redeemable noncontrolling interests for the years ended December 31, 2020 2019 20 20 201 9 Balance at January 1, $ 17,943 $ 23,682 Income 1,022 358 Distributions (1,021 ) (345 ) Redemption of redeemable units (1) - (5,752 ) Adjustment to estimated redemption value (2) (2,160 ) - Balance at December 31, $ 15,784 $ 17,943 ( 1 During 2019, ( 2 During the year ended December 31, 2020, 480 3 December 31, 2019. |
Note 16 - Fair Value Disclosure
Note 16 - Fair Value Disclosure of Financial Instruments | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | 16. Fair Value Disclosure of Financial Instruments All financial instruments of the Company are reflected in the accompanying Consolidated Balance Sheets at amounts which, in managementās estimation, based upon an interpretation of available market information and valuation methodologies, reasonably approximate their fair values except those listed below, for which fair values are disclosed. The valuation method used to estimate fair value for fixed-rate and variable-rate debt is based on discounted cash flow analyses, with assumptions that include credit spreads, market yield curves, trading activity, loan amounts and debt maturities. The fair values for marketable securities are based on published values, securities dealersā estimated market values or comparable market sales. Such fair value estimates are not As a basis for considering market participant assumptions in fair value measurements, the FASBās Fair Value Measurements and Disclosures guidance establishes a fair value hierarchy that distinguishes between market participant assumptions based on market data obtained from sources independent of the reporting entity (observable inputs that are classified within Levels 1 2 3 The following are financial instruments for which the Companyās estimate of fair value differs from the carrying amounts (in thousands): December 31, 20 20 201 9 Carrying Amounts Estimated Fair Value Carrying Amounts Estimated Fair Value Notes payable, net (1) $ 5,044,208 $ 5,486,953 $ 4,831,759 $ 4,983,763 Mortgages and construction loan payable, net (2) $ 311,272 $ 312,933 $ 484,008 $ 486,042 ( 1 The Company determined that the valuation of its Senior Unsecured Notes were classified within Level 2 3 2 December 31, 2020 2019, 3 December 31, 2019, ( 2 The Company determined that its valuation of these mortgages and construction loan payable was classified within Level 3 The Company has certain financial instruments that must be measured under the FASBās Fair Value Measurements and Disclosures guidance, including available for sale securities. The Company currently does not In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Companyās assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. The Company from time to time has used interest rate swaps to manage its interest rate risk. The fair values of interest rate swaps are determined using the market standard methodology of netting the discounted future fixed cash receipts (or payments) and the discounted expected variable cash payments (or receipts). The variable cash payments (or receipts) are based on an expectation of future interest rates (forward curves) derived from observable market interest rate curves. Based on these inputs, the Company has determined that interest rate swap valuations are classified within Level 2 The tables below present the Companyās financial assets measured at fair value on a recurring basis as of December 31, 2020 2019, Balance at December 31, 20 20 Level 1 Level 2 Level 3 Assets: Marketable equity securities $ 706,954 $ 706,954 $ - $ - Balance at December 31, 201 9 Level 1 Level 2 Level 3 Assets: Marketable equity securities $ 9,353 $ 9,353 $ - $ - Assets measured at fair value on a non-recurring basis at December 31, 2020 2019 Balance at December 31, 20 20 Level 1 Level 2 Level 3 Real estate $ 24,899 $ - $ - $ 24,899 Other real estate investments $ 5,464 $ - $ - $ 5,464 Balance at December 31, 201 9 Level 1 Level 2 Level 3 Real estate $ 39,510 $ - $ - $ 39,510 Other real estate investments $ 32,974 $ - $ - $ 32,974 During the year ended December 31, 2020, third 3 During the year ended December 31, 2019, third not third 3 The property carrying value impairment charges resulted from the Companyās efforts to market certain assets and managementās assessment as to the likelihood and timing of such potential transactions. |
Note 17 - Preferred Stock, Comm
Note 17 - Preferred Stock, Common Stock and Convertible Unit Transactions | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | 17. Preferred Stock, Common Stock and Convertible Unit Transactions Preferred Stock The Companyās outstanding Preferred Stock is detailed below (in thousands, except share data and par values): As of December 31, 20 20 and 2019 Class of Preferred Stock Shares Authorized Shares Issued and Outstanding Liquidation Preference (in thousands) Dividend Rate Annual Dividend per Depositary Share Par Value Optional Redemption Date Class L 10,350 9,000 $ 225,000 5.125 % $ 1.28125 $ 1.00 8/16/2022 Class M 10,580 10,580 264,500 5.250 % $ 1.31250 $ 1.00 12/20/2022 19,580 $ 489,500 The following Preferred Stock classes were redeemed during the year ended December 31, 2019: Class of Preferred Stock Redemption Date Depositary Shares Redeemed Redemption Price per Depositary Share Redemption Amount (in millions) Redemption Charges (in millions) (1) Class J 12/31/2019 9,000,000 $ 25.00 $ 225.0 $ 7.1 Class I 9/14/2019 7,000,000 $ 25.00 $ 175.0 $ 5.5 Class K 9/14/2019 7,000,000 $ 25.00 $ 175.0 $ 5.9 ( 1 Redemption charges resulting from the difference between the redemption amount and the carrying amount of the respective preferred stock class on the Companyās Consolidated Balance Sheets are accounted for in accordance with the FASBās guidance on Distinguishing Liabilities from Equity. These charges were subtracted from net income attributable to the Company to arrive at net income available to the Companyās common shareholders and used in the calculation of earnings per share. The Companyās Preferred Stock Depositary Shares for all classes are not Voting Rights - The Class L and M Preferred Stock rank pari passu as to voting rights, priority for receiving dividends and liquidation preference as set forth below. As to any matter on which the Class L or M Preferred Stock may may may 1,000 1,000 Liquidation Rights In the event of any liquidation, dissolution or winding up of the affairs of the Company, preferred stock holders are entitled to be paid, out of the assets of the Company legally available for distribution to its stockholders, a liquidation preference of $25,000 per share of Class L Preferred Stock and $25,000 per share of Class M Preferred Stock ($25.00 per each Class L and Class M Depositary Share), plus an amount equal to any accrued and unpaid dividends to the date of payment, before any distribution of assets is made to holders of the Companyās common stock or any other capital stock that ranks junior to the preferred stock as to liquidation rights. Common Stock During September 2019, may may 415 1933, December 31, 2019, not December 31, 2020. December 31, 2020. During February 2020, two February 2022. may not December 31, 2020 2019. December 31, 2020, The Company, from time to time, repurchases shares of its common stock in amounts that offset new issuances of common stock relating to the exercise of stock options or the issuance of restricted stock awards. These repurchases may 2020, 2019 2018, Convertible Units The Company has various types of convertible units that were issued in connection with the purchase of operating properties (see Footnote 15 not December 31, 2020, Dividends Declared The following table provides a summary of the dividends declared per share: Year Ended December 31, 2020 2019 2018 Common Stock $ 0.54000 $ 1.12000 $ 1.12000 Class I Depositary Shares $ - $ 0.99583 $ 1.50000 Class J Depositary Shares $ - $ 1.37500 $ 1.37500 Class K Depositary Shares $ - $ 0.93359 $ 1.40625 Class L Depositary Shares $ 1.28125 $ 1.28125 $ 1.28125 Class M Depositary Shares $ 1.31250 $ 1.31250 $ 1.31250 |
Note 18 - Supplemental Schedule
Note 18 - Supplemental Schedule of Non-cash Investing / Financing Activities | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Cash Flow, Supplemental Disclosures [Text Block] | 18. Supplemental Schedule of Non-Cash Investing/Financing Activities The following schedule summarizes the non-cash investing and financing activities of the Company for the years ended December 31, 2020, 2019 2018 20 20 201 9 201 8 Acquisition of real estate interests through proceeds held in escrow $ - $ 36,076 $ - Proceeds deposited in escrow through sale of real estate interests $ - $ 5,106 $ 41,949 Disposition of real estate interests through the issuance of mortgage receivable $ - $ 3,750 $ 14,700 Disposition of real estate interests by a deed in lieu/foreclosure of debt $ - $ 3,892 $ 7,444 Forgiveness of debt due to a deed in lieu/foreclosure $ - $ 6,905 $ 12,415 Capital expenditures accrual $ 37,411 $ 65,900 $ 60,611 Surrender of restricted common stock $ 5,395 $ 4,030 $ 4,360 Declaration of dividends paid in succeeding period $ 5,366 $ 126,274 $ 130,262 (Decrease)/increase in redeemable noncontrolling interestsā carrying amount $ (2,160 ) $ - $ 7,521 Consolidation of Joint Ventures: Increase in real estate and other assets, net $ - $ 7,884 $ - Increase in mortgages payable, other liabilities and noncontrolling interests $ - $ 7,747 $ - Deconsolidation of Joint Ventures: Decrease in real estate and other assets $ - $ - $ 300,299 Increase in investments in and advances to real estate joint ventures $ - $ - $ 62,429 Decrease in mortgages and construction loan payable, other liabilities and noncontrolling interests $ - $ - $ 248,274 |
Note 19 - Transactions With Rel
Note 19 - Transactions With Related Parties | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | 19. Transactions with Related Parties The Company provides management services for shopping centers owned principally by affiliated entities and various real estate joint ventures in which certain stockholders of the Company have economic interests. Such services are performed pursuant to management agreements which provide for fees based upon a percentage of gross revenues from the properties and other direct costs incurred in connection with management of the centers. Substantially all of the Management and other fee income on the Companyās Consolidated Statements of Income constitute fees earned from affiliated entities. Reference is made to Footnotes 3 7 Ripco Ripco Real Estate Corp. (āRipcoā) business activities include serving as a leasing agent and representative for national and regional retailers including Target, Best Buy, Kohlās and many others, providing real estate brokerage services and principal real estate investing. Todd Cooper, an officer and 50% shareholder of Ripco, is a son of Milton Cooper, Executive Chairman of the Board of Directors of the Company. During 2020, 2019 2018, |
Note 20 - Commitments and Conti
Note 20 - Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | 20. Commitments and Contingencies Letters of Credit The Company has issued letters of credit in connection with the completion and repayment guarantees primarily on certain of the Companyās redevelopment projects and guaranty of payment related to the Companyās insurance program. At December 31, 2020, Other In connection with the construction of its development and redevelopment projects and related infrastructure, certain public agencies require posting of performance and surety bonds to guarantee that the Companyās obligations are satisfied. These bonds expire upon the completion of the improvements and infrastructure. As of December 31, 2020, The Company is subject to various other legal proceedings and claims that arise in the ordinary course of business. Management believes that the final outcome of such matters will not December 31, 2020. |
Note 21 - Incentive Plans
Note 21 - Incentive Plans | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Share-based Payment Arrangement [Text Block] | 21. Incentive Plans In May 2020, 2020 ā2020 2010 "2010 2020 March 2020. 2020 December 31, 2020, 2020 The Company accounts for equity awards in accordance with FASBās Compensation ā Stock Compensation guidance which requires that all share-based payments to employees, including grants of employee stock options, restricted stock and performance shares, be recognized in the Consolidated Statements of Income over the service period based on their fair values. Fair value of performance awards is determined using the Monte Carlo method, which is intended to estimate the fair value of the awards at the grant date. Fair value of restricted shares is based on the price on the date of grant. The Company recognized expense associated with its equity awards of $23.7 million, $20.2 million and $18.2 million, for the years ended December 31, 2020, 2019 2018, December 31, 2020, Stock Options During 2020, 2019 2018, not 2010 December 31, 2020, 2019 2018 Shares Weighted-Average Exercise Price Per Share Aggregate Intrinsic V alue (in millions) Options outstanding, January 1, 2018 3,464,946 $ 27.81 $ - Exercised (42,259 ) $ 14.00 $ 0.1 Forfeited (1,781,321 ) $ 36.53 Options outstanding, December 31, 2018 1,641,366 $ 18.78 $ 0.4 Exercised (268,856 ) $ 14.43 $ 1.1 Forfeited (74,574 ) $ 20.24 Options outstanding, December 31, 2019 1,297,936 $ 19.60 $ 2.0 Exercised (63,365 ) $ 15.48 $ 0.2 Forfeited (72,250 ) $ 16.20 Options outstanding, December 31, 2020 1,162,321 $ 20.03 $ - Options exercisable (fully vested) - December 31, 2018 1,641,366 $ 18.78 $ 0.4 December 31, 2019 1,297,936 $ 19.60 $ 2.0 December 31, 2020 1,162,321 $ 20.03 $ - The exercise price per share for options outstanding as of December 31, 2020 December 31, 2020, December 31, 2020 2010 December 31, 2020, 2019 2018, Restricted Stock Information with respect to restricted stock under the Plan for the years ended December 31, 2020, 2019 2018 2020 2019 2018 Restricted stock outstanding as of January 1, 2,367,843 2,104,914 1,777,429 Granted (1) 820,150 884,170 1,100,590 Vested (784,120 ) (603,148 ) (751,201 ) Forfeited (9,048 ) (18,093 ) (21,904 ) Restricted stock outstanding as of December 31, 2,394,825 2,367,843 2,104,914 ( 1 The weighted-average grant date fair value for restricted stock issued during the years ended December 31, 2020, 2019 2018 Restricted shares have the same voting rights as the Companyās common stock and are entitled to a cash dividend per share equal to the Companyās common dividend which is taxable as ordinary income to the holder. For the years ended December 31, 2020, 2019 2018, Performance Shares Information with respect to performance share awards under the 2010 December 31, 2020, 2019 2018 20 20 2019 201 8 Performance share awards outstanding as of January 1, 704,530 433,230 235,950 Granted (1) 506,720 407,080 297,450 Vested (2) (297,450 ) (135,780 ) (100,170 ) Performance share awards outstanding as of December 31, 913,800 704,530 433,230 ( 1 The weighted-average grant date fair value for performance shares issued during the years ended December 31, 2020, 2019 2018 ( 2 For the years ended December 31, 2020, 2019 2018, The more significant assumptions underlying the determination of fair values for these performance awards granted during 2020, 2019 2018 2020 2019 2018 Stock price $ 18.93 $ 17.81 $ 14.99 Dividend yield (1) 0 % 0 % 0 % Risk-free rate 1.42 % 2.52 % 2.39 % Volatility (2) 24.67 % 24.55 % 22.90 % Term of the award (years) 2.88 2.88 2.85 ( 1 Total Shareholder Returns, as used in the performance share awards computation, are measured based on cumulative dividend stock prices, as such a zero ( 2 Volatility is based on the annualized standard deviation of the daily logarithmic returns on dividend-adjusted closing prices over the look-back period based on the term of the award. Other The Company maintains a 401 December 31, 2020. December 31, 2020, 2019 2018, The Company recognized severance costs associated with employee retirements and terminations during the years ended December 31, 2020, 2019 2018, |
Note 22 - Income Taxes
Note 22 - Income Taxes | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | 22. Income Taxes The Company elected to qualify as a REIT in accordance with the Code commencing with its taxable year which began January 1, 1992. not not four Reconciliation between GAAP Net Income and Federal Taxable Income The following table reconciles GAAP net income to taxable income for the years ended December 31, 2020, 2019 2018 20 20 201 9 201 8 (Estimated) ( Actual ) (Actual) GAAP net income attributable to the Company $ 1,000,833 $ 410,605 $ 497,795 GAAP net (income)/loss attributable to TRSs (960 ) 1,119 (2,436 ) GAAP net income from REIT operations (1) 999,873 411,724 495,359 Net book depreciation in excess of tax depreciation (61,272 ) 55,903 46,754 Capitalized leasing/legal commissions - - (15,268 ) Deferred/prepaid/above-market and below-market rents, net (16,891 ) (33,287 ) (23,466 ) Fair market value debt amortization (3,847 ) (4,510 ) (5,268 ) Book/tax differences from executive compensation (2) 10,388 6,026 5,460 Book/tax differences from non-qualified stock options (231 ) (1,121 ) (112 ) Book/tax differences from investments in and advances to real estate joint ventures 45,782 4,837 22,263 Book/tax differences from sale of properties (10,494 ) (13,830 ) (13,612 ) Book/tax differences from accounts receivable 45,175 1,573 1,636 Book adjustment to property carrying values and marketable equity securities (588,777 ) 37,709 59,866 Taxable currency exchange (loss)/gain, net (29 ) (33 ) 929 Tangible property regulation deduction (50,597 ) - (40,361 ) GAAP gain on change in control of joint venture interests - (137 ) (6,800 ) Dividends from TRSs 2 3,331 526 Severance accrual 6,425 (475 ) 913 Other book/tax differences, net (1,097 ) (3,946 ) (1,774 ) Adjusted REIT taxable income $ 374,410 $ 463,764 $ 527,045 Certain amounts in the prior periods have been reclassified to conform to the current year presentation, in the table above. ( 1 All adjustments to "GAAP net income from REIT operations" are net of amounts attributable to noncontrolling interests and TRSs. ( 2 In accordance with the Tax Cuts and Jobs Act, effective for tax years beginning on January 1, 2018, 162 $1.0 three Characterization of Distributions The following characterizes distributions paid for tax purposes for the years ended December 31, 2020, 2019 2018, 20 20 2019 201 8 Preferred I Dividends Ordinary income $ - - $ 7,389 77 % $ 5,565 53 % Capital gain - - 2,207 23 % 4,935 47 % $ - - $ 9,596 100 % $ 10,500 100 % Preferred J Dividends Ordinary income $ - - $ 11,541 77 % $ 6,559 53 % Capital gain - - 3,447 23 % 5,816 47 % $ - - $ 14,988 100 % $ 12,375 100 % Preferred K Dividends Ordinary income $ - - $ 6,927 77 % $ 5,217 53 % Capital gain - - 2,069 23 % 4,627 47 % $ - - $ 8,996 100 % $ 9,844 100 % Preferred L Dividends Ordinary income $ 4,382 38 % $ 8,879 77 % $ 6,111 53 % Capital gain 7,149 62 % 2,652 23 % 5,420 47 % $ 11,531 100 % $ 11,531 100 % $ 11,531 100 % Preferred M Dividends Ordinary income $ 5,277 38 % $ 10,692 77 % $ 6,031 53 % Capital gain 8,609 62 % 3,194 23 % 5,348 47 % $ 13,886 100 % $ 13,886 100 % $ 11,379 100 % Common Dividends Ordinary income $ 133,849 38 % $ 328,726 70 % $ 235,642 50 % Capital gain 214,863 61 % 98,618 21 % 212,077 45 % Return of capital 3,522 1 % 42,265 9 % 23,564 5 % $ 352,234 100 % $ 469,609 100 % $ 471,283 100 % Total dividends distributed for tax purposes $ 377,651 $ 528,606 $ 526,912 For the years ended December 31, 2020, 2019 2018 Taxable REIT Subsidiaries and Taxable Entities The Company is subject to federal, state and local income taxes on income reported through its TRS activities, which include wholly owned subsidiaries of the Company. The Companyās TRSs include Kimco Realty Services II, Inc. (āKRSā), FNC Realty Corporation, Kimco Insurance Company (collectively āKRS Consolidatedā) and the consolidated entity, Blue Ridge Real Estate Company/Big Boulder Corporation. On December 22, 2017, January 1, 2018, 35% The Company is also subject to local non-U.S. taxes on certain investments located outside the U.S. In general, under local country law applicable to the entity ownership structures the Company has in place and applicable tax treaties, the repatriation of cash to the Company from its subsidiaries and joint ventures in Canada, Puerto Rico and Mexico generally is not not not Income taxes are accounted for under the asset and liability method. Deferred income taxes are recognized for the temporary differences between the financial reporting basis and the tax basis of taxable assets and liabilities. The Companyās pre-tax book income/(loss) and (provision)/benefit for income taxes relating to the Companyās TRSs and taxable entities which have been consolidated for accounting reporting purposes, for the years ended December 31, 2020, 2019 2018, 20 20 201 9 201 8 Income/(loss) before income taxes ā U.S. $ 1,051 $ (1,682 ) $ 4,331 (Provision)/benefit for income taxes, net: Federal: Current (482 ) 3,362 (1,221 ) Deferred 539 (349 ) (1,198 ) Federal tax benefit/(provision) 57 3,013 (2,419 ) State and local: Current (48 ) (26 ) (43 ) Deferred 34 (19 ) (414 ) State and local tax provision (14 ) (45 ) (457 ) Total tax benefit/(provision)ā U.S. 43 2,968 (2,876 ) Net income from U.S. TRSs $ 1,094 $ 1,286 $ 1,455 (Loss)/income before taxes ā Non-U.S. $ (64 ) $ (599 ) $ 2,384 Benefit/(provision) for Non-U.S. income taxes: Current $ 479 $ (69 ) $ 1,634 Deferred - 418 (358 ) Non-U.S. tax benefit $ 479 $ 349 $ 1,276 In addition, the Companyās (Provision)/benefit for income taxes, net includes $1.5 million of estimated state and local tax provision related to the REIT operations during the year ended December 31, 2020. (Provision)/benefit for income taxes, net differs from the amounts computed by applying the statutory federal income tax rate to taxable income before income taxes as follows (in thousands): 2020 2019 2018 Federal (provision)/benefit at statutory tax rate (1) (2) $ (221 ) $ 3,010 $ (2,490 ) State and local provision, net of federal benefit (3) (4) (1,236 ) (42 ) (386 ) Total tax (provision)/benefit ā U.S. $ (1,457 ) $ 2,968 $ (2,876 ) ( 1 The year ended December 31, 2019 ( 2 The year ended December 31, 2018 ( 3 The year ended December 31, 2018 ( 4 The year ended December 31, 2020 Deferred Tax Assets, Liabilities and Valuation Allowances The Companyās deferred tax assets and liabilities at December 31, 2020 2019, 2020 2019 Deferred tax assets: Tax/GAAP basis differences $ 29,105 $ 29,618 Net operating losses (1) 17,885 20,917 Tax credit carryforwards (2) 2,340 2,340 Capital loss carryforwards - 2,270 Related party deferred losses 619 619 Charitable contribution carryforwards 23 23 Valuation allowance (36,957 ) (42,703 ) Total deferred tax assets 13,015 13,084 Deferred tax liabilities (12,765 ) (12,844 ) Net deferred tax assets $ 250 $ 240 ( 1 Expiration dates ranging from 2021 2032. ( 2 Expiration dates ranging from 2027 2035. The major differences between the GAAP basis of accounting and the basis of accounting used for federal and state income tax reporting consist of impairment charges recorded for GAAP purposes, but not not Deferred tax assets and deferred tax liabilities are included in the captions Other assets and Other liabilities on the Companyās Consolidated Balance Sheets at December 31, 2020 2019. Under GAAP a reduction of the carrying amounts of deferred tax assets by a valuation allowance is required, if, based on the evidence available, it is more likely than not 50% not not August 1, 2016, not not The Company prepared an analysis of the tax basis built-in tax gain or built-in loss inherent in each asset acquired from KRSI in the Merger. Assets of a TRS that become REIT assets in a merger transaction of the type entered into by the Company and KRSI are subject to corporate tax on the aggregate net built-in gain (built-in gains in excess of built-in losses) during a recognition period. Accordingly, the Company is subject to corporate-level taxation on the aggregate net built-in gain from the sale of KRSI assets within 60 August 1, 2021. 60 60 Uncertain Tax Positions The Company is subject to income tax in certain jurisdictions outside the U.S., principally Canada and Mexico. The statute of limitations on assessment of tax varies from three seven not December 31, 2020 2019, not December 31, 2020, 12 During August 2016, 35 four 35 2007 2008. September 2018 no April 2019, fourth 2019, 34 35 not 34 not 18 eight one five seven |
Note 23 - Earnings Per Share
Note 23 - Earnings Per Share | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 23. Earnings Per Share : The following table sets forth the reconciliation of earnings and the weighted-average number of shares used in the calculation of basic and diluted earnings per share (amounts presented in thousands, except per share data): For the Year Ended December 31, 20 20 201 9 2018 Computation of Basic and Diluted Earnings Per Share: Net income available to the Company's common shareholders $ 975,417 $ 339,988 $ 439,604 Change in estimated redemption value of redeemable noncontrolling interests 2,160 - (7,521 ) Earnings attributable to participating securities (6,347 ) (2,599 ) (2,375 ) Net income available to the Companyās common shareholders for basic earnings per share 971,230 337,389 429,708 Distributions on convertible units 161 30 99 Net income available to the Companyās common shareholders for diluted earnings per share $ 971,391 $ 337,419 $ 429,807 Weighted average common shares outstanding ā basic 429,950 420,370 420,641 Effect of dilutive securities (1): Equity awards 1,475 1,365 628 Assumed conversion of convertible units 208 64 110 Weighted average common shares outstanding ā diluted 431,633 421,799 421,379 Net income available to the Company's common shareholders: Basic earnings per share $ 2.26 $ 0.80 $ 1.02 Diluted earnings per share $ 2.25 $ 0.80 $ 1.02 ( 1 The effect of the assumed conversion of certain convertible units had an anti-dilutive effect upon the calculation of Income from continuing operations per share. Accordingly, the impact of such conversions has not not December 31, 2020, 2019 2018, The Company's unvested restricted share awards contain non-forfeitable rights to distributions or distribution equivalents. The impact of the unvested restricted share awards on earnings per share has been calculated using the two |
Note 24 - Supplemental Financia
Note 24 - Supplemental Financial Information (Unaudited) | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Quarterly Financial Information [Text Block] | 24. Supplemental Financial Information (Unaudited) : The following represents the quarterly results of operations, expressed in thousands except per share amounts, for the years ended December 31, 2020 2019: 20 20 First Quarter Second Quarter Third Quarter Fourth Quarter Revenues $ 289,744 $ 238,916 $ 259,792 $ 269,441 Net income/(loss) attributable to the Company $ 90,100 $ 747,893 $ (38,394 ) $ 201,234 Net income/(loss) per common share: Basic $ 0.19 $ 1.71 $ (0.10 ) $ 0.46 Diluted $ 0.19 $ 1.71 $ (0.10 ) $ 0.45 2019 First Quarter Second Quarter Third Quarter Fourth Quarter Revenues $ 295,010 $ 284,873 $ 282,871 $ 296,130 Net income attributable to the Company $ 116,169 $ 101,027 $ 83,990 $ 109,419 Net income per common share: Basic $ 0.24 $ 0.20 $ 0.14 $ 0.22 Diluted $ 0.24 $ 0.20 $ 0.14 $ 0.22 |
Note 25 - Captive Insurance Com
Note 25 - Captive Insurance Company | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Captive Insurance Disclosure [Text Block] | 25. Captive Insurance Company : In October 2007, third third may third may KIC assumes occurrence basis general liability coverage ( not From October 1, 2007 February 1, 2022, first September 30, 2008 January 31, 2022. not As of December 31, 2020 2019, December 31, 2020, February 15, 2022, one Activity in the liability for unpaid losses and loss adjustment expenses for the years ended December 31, 2020 2019, 20 20 201 9 Balance at the beginning of the year $ 15,664 $ 16,130 Incurred related to: Current year 3,693 5,331 Prior years (179 ) (1,948 ) Total incurred 3,514 3,383 Paid related to: Current year (450 ) (256 ) Prior years (4,986 ) (3,593 ) Total paid (5,436 ) (3,849 ) Balance at the end of the year $ 13,742 $ 15,664 For the years ended December 31, 2020 2019, |
Schedule II - Valuation and Qua
Schedule II - Valuation and Qualifying Accounts | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
SEC Schedule, 12-09, Schedule of Valuation and Qualifying Accounts Disclosure [Text Block] | SCHEDULE II ā VALUATION AND QUALIFYING ACCOUNTS For Years Ended December 31, 2020, 2019 2018 (in thousands) Balance at beginning of period Charged to expenses Adjustments to valuation accounts Deductions Balance at end of period Year Ended December 31, 2020 Allowance for uncollectable accounts (1) $ - $ 22,377 $ - $ - $ 22,377 Allowance for deferred tax asset $ 42,703 $ - $ (5,746 ) $ - $ 36,957 Year Ended December 31, 2019 Allowance for deferred tax asset $ 45,413 $ - $ (2,710 ) $ - $ 42,703 Year Ended December 31, 2018 Allowance for uncollectable accounts (1) $ 17,066 $ 9,254 $ - $ (5,882 ) $ 20,438 Allowance for deferred tax asset $ 54,155 $ - $ (8,742 ) $ - $ 45,413 ( 1 Includes allowances on accounts receivable and straight-line rents. Effective January 1, 2019, 842, not December 31, 2020. 1 |
Schedule III - Real Estate and
Schedule III - Real Estate and Accumulated Depreciation | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Text Block] | KIMCO REALTY CORPORATION AND SUBSIDIARIES SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION December 31, 2020 INITIAL COST COST DESCRIPTION State LAND BUILDING AND IMPROVEMENTS CAPITALIZED SUBSEQUENT TO ACQUISITION (1) LAND BUILDING AND IMPROVEMENTS TOTAL ACCUMULATED DEPRECIATION TOTAL COST, NET OF ACCUMULATED DEPRECIATION ENCUMBRANCES (2) DATE OF ACQUISITION(A) CONSTRUCTION(C) SHOPPING CENTERS MESA RIVERVIEW AZ $ 15,000,000 $ - $ 141,972,408 $ 307,992 $ 156,664,416 $ 156,972,408 $ 68,633,902 $ 88,338,506 $ - 2005(C) METRO SQUARE AZ 4,101,017 16,410,632 2,314,745 4,101,017 18,725,377 22,826,394 10,470,777 12,355,617 - 1998(A) PLAZA DEL SOL AZ 5,324,501 21,269,943 1,737,972 4,577,869 23,754,547 28,332,416 10,370,222 17,962,194 - 1998(A) PLAZA AT MOUNTAINSIDE AZ 2,450,341 9,802,046 2,579,807 2,450,341 12,381,853 14,832,194 7,419,681 7,412,513 - 1997(A) VILLAGE CROSSROADS AZ 5,662,554 24,981,223 1,462,414 5,662,554 26,443,637 32,106,191 7,107,669 24,998,522 - 2011(A) NORTH VALLEY AZ 6,861,564 18,200,901 14,138,211 4,795,887 34,404,789 39,200,676 6,409,375 32,791,301 - 2011(A) CHRISTOWN SPECTRUM AZ 33,831,348 91,004,070 15,484,366 76,638,511 63,681,273 140,319,784 16,572,377 123,747,407 - 2015(A) BELL CAMINO CENTER AZ 2,427,465 6,439,065 743,337 2,427,465 7,182,402 9,609,867 2,395,920 7,213,947 - 2012(A) BELL CAMINO-SAFEWAY PARCEL AZ 1,104,233 4,574,035 - 1,104,233 4,574,035 5,678,268 266,612 5,411,656 - 2019(A) COLLEGE PARK SHOPPING CENTER AZ 3,276,951 7,741,323 1,254,123 3,276,951 8,995,446 12,272,397 3,107,501 9,164,896 - 2011(A) COSTCO PLAZA - 541 CA 4,995,639 19,982,557 635,604 4,995,639 20,618,161 25,613,800 12,120,321 13,493,479 - 1998(A) BROOKHURST CENTER CA 10,492,714 31,357,512 3,715,948 22,299,852 23,266,322 45,566,174 4,959,573 40,606,601 - 2016(A) LAKEWOOD PLAZA CA 1,294,176 3,669,266 (3,460,895 ) - 1,502,547 1,502,547 808,624 693,923 - 2014(A) MADISON PLAZA CA 5,874,396 23,476,190 2,952,818 5,874,396 26,429,008 32,303,404 13,814,083 18,489,321 - 1998(A) CORONA HILLS PLAZA CA 13,360,965 53,373,453 11,403,307 13,360,965 64,776,760 78,137,725 38,081,116 40,056,609 - 1998(A) 280 METRO CENTER CA 38,734,566 94,903,403 (592,830 ) 38,734,566 94,310,573 133,045,139 15,257,750 117,787,389 - 2015(A) LABAND VILLAGE SHOPPING CENTER CA 5,600,000 13,289,347 (779,122 ) 5,607,237 12,502,988 18,110,225 6,680,205 11,430,020 - 2008(A) CUPERTINO VILLAGE CA 19,886,099 46,534,919 27,016,568 19,886,099 73,551,487 93,437,586 23,685,282 69,752,304 - 2006(A) NORTH COUNTY PLAZA CA 10,205,305 28,934,219 (573,812 ) 20,894,811 17,670,901 38,565,712 4,321,014 34,244,698 - 2014(A) CHICO CROSSROADS CA 9,975,810 30,534,524 (5,299,139 ) 7,904,664 27,306,531 35,211,195 11,082,448 24,128,747 - 2008(A) CREEKSIDE CENTER CA 3,870,823 11,562,580 93,113 5,154,061 10,372,455 15,526,516 1,756,296 13,770,220 - 2016(A) LA MIRADA THEATRE CENTER CA 8,816,741 35,259,965 (524,191 ) 6,888,680 36,663,835 43,552,515 19,965,688 23,586,827 - 1998(A) KENNETH HAHN PLAZA CA 4,114,863 7,660,855 (1,485,684 ) - 10,290,034 10,290,034 3,960,027 6,330,007 - 2010(A) LA VERNE TOWN CENTER CA 8,414,328 23,856,418 12,419,259 16,362,169 28,327,836 44,690,005 6,265,348 38,424,657 - 2014(A) LINCOLN HILLS TOWN CENTER CA 8,228,587 26,127,322 517,347 8,228,587 26,644,669 34,873,256 5,834,151 29,039,105 - 2015(A) NOVATO FAIR S.C. CA 9,259,778 15,599,790 1,111,086 9,259,778 16,710,876 25,970,654 7,080,576 18,890,078 - 2009(A) SOUTH NAPA MARKET PLACE CA 1,100,000 22,159,086 21,176,771 23,119,071 21,316,786 44,435,857 13,153,433 31,282,424 - 2006(A) PLAZA DI NORTHRIDGE CA 12,900,000 40,574,842 1,577,797 12,900,000 42,152,639 55,052,639 16,379,505 38,673,134 - 2005(A) LINDA MAR SHOPPING CENTER CA 16,548,592 37,521,194 4,485,646 16,548,592 42,006,840 58,555,432 10,108,349 48,447,083 - 2014(A) POWAY CITY CENTRE CA 5,854,585 13,792,470 9,147,403 7,247,814 21,546,644 28,794,458 10,081,446 18,713,012 - 2005(A) REDWOOD CITY PLAZA CA 2,552,000 6,215,168 5,960,677 2,552,000 12,175,845 14,727,845 2,603,714 12,124,131 - 2009(A) STANFORD RANCH CA 10,583,764 30,007,231 2,838,540 9,982,626 33,446,909 43,429,535 6,092,715 37,336,820 - 2014(A) CROCKER RANCH CA 7,526,146 24,877,611 109,359 7,526,146 24,986,970 32,513,116 4,657,462 27,855,654 - 2015(A) HOME DEPOT PLAZA CA 4,592,364 18,345,257 - 4,592,364 18,345,257 22,937,621 10,785,790 12,151,831 - 1998(A) SANTEE TROLLEY SQUARE CA 40,208,683 62,963,757 162,067 40,208,683 63,125,824 103,334,507 19,336,901 83,997,606 - 2015(A) SAN DIEGO CARMEL MOUNTAIN CA 5,322,600 8,873,991 249,367 5,322,600 9,123,358 14,445,958 2,878,796 11,567,162 - 2009(A) FULTON MARKET PLACE CA 2,966,018 6,920,710 16,341,782 6,279,753 19,948,757 26,228,510 5,045,869 21,182,641 - 2005(A) BLACK MOUNTAIN VILLAGE CA 4,678,015 11,913,344 1,025,682 4,678,015 12,939,026 17,617,041 5,368,087 12,248,954 - 2007(A) RANCHO PENASQUITOS TOWNE CTR I CA 14,851,595 20,342,165 749,219 14,851,595 21,091,384 35,942,979 4,071,392 31,871,587 12,300,999 2015(A) RANCHO PENASQUITOS-VONS PROP. CA 2,917,963 9,145,905 - 2,917,963 9,145,905 12,063,868 496,491 11,567,377 - 2019(A) RANCHO PENASQUITOS TWN CTR II CA 12,944,972 20,323,961 879,910 12,944,972 21,203,871 34,148,843 4,061,510 30,087,333 9,439,412 2015(A) CITY HEIGHTS CA 10,687,472 28,324,896 (660,448 ) 13,908,563 24,443,357 38,351,920 5,194,029 33,157,891 - 2012(A) TRUCKEE CROSSROADS CA 2,140,000 28,324,896 (18,568,797 ) 2,140,000 9,756,099 11,896,099 6,079,361 5,816,738 1,174,985 2006(A) GATEWAY AT DONNER PASS CA 4,515,688 8,318,667 14,159,803 8,759,279 18,234,879 26,994,158 2,455,571 24,538,587 - 2015(A) WESTLAKE SHOPPING CENTER CA 16,174,307 64,818,562 108,227,850 16,174,307 173,046,412 189,220,719 64,977,407 124,243,312 - 2002(A) LAKEWOOD VILLAGE CA 8,597,100 24,374,615 (737,945 ) 11,683,364 20,550,406 32,233,770 5,342,946 26,890,824 - 2014(A) WHITTWOOD TOWN CENTER CA 57,135,695 105,814,560 2,701,687 57,138,906 108,513,036 165,651,942 17,050,427 148,601,515 - 2017(A) VILLAGE ON THE PARK CO 2,194,463 8,885,987 19,579,292 3,018,391 27,641,351 30,659,742 6,989,480 23,670,262 - 1998(A) QUINCY PLACE S.C. CO 1,148,317 4,608,249 2,477,122 1,148,317 7,085,371 8,233,688 4,047,202 4,186,486 - 1998(A) EAST BANK S.C. CO 1,500,568 6,180,103 4,172,042 1,500,568 10,352,145 11,852,713 4,249,543 7,603,170 - 1998(A) NORTHRIDGE SHOPPING CENTER CO 4,932,690 16,496,175 2,580,342 8,934,385 15,074,822 24,009,207 3,409,543 20,599,664 - 2013(A) DENVER WEST 38TH STREET CO 161,167 646,983 537,408 161,167 1,184,391 1,345,558 439,311 906,247 - 1998(A) ENGLEWOOD PLAZA CO 805,837 3,232,650 847,870 805,837 4,080,520 4,886,357 2,301,980 2,584,377 - 1998(A) GREELEY COMMONS CO 3,313,095 20,069,559 988,236 3,313,095 21,057,795 24,370,890 5,653,339 18,717,551 - 2012(A) HIGHLANDS RANCH VILLAGE S.C. CO 8,135,427 21,579,936 979,317 5,337,081 25,357,599 30,694,680 5,667,515 25,027,165 - 2011(A) VILLAGE CENTER WEST CO 2,010,519 8,361,084 732,679 2,010,519 9,093,763 11,104,282 2,042,056 9,062,226 - 2011(A) HIGHLANDS RANCH II CO 3,514,837 11,755,916 1,092,200 3,514,837 12,848,116 16,362,953 3,628,295 12,734,658 - 2013(A) VILLAGE CENTER - HIGHLAND RANCH CO 1,140,000 2,660,000 283,724 1,140,000 2,943,724 4,083,724 503,051 3,580,673 - 2014(A) HERITAGE WEST S.C. CO 1,526,576 6,124,074 2,561,187 1,526,576 8,685,261 10,211,837 4,442,899 5,768,938 - 1998(A) MARKET AT SOUTHPARK CO 9,782,769 20,779,522 4,039,213 9,782,769 24,818,735 34,601,504 5,964,950 28,636,554 - 2011(A) NEWTOWN S.C. CT - 15,635,442 422,382 - 16,057,824 16,057,824 2,863,894 13,193,930 7,092,420 2014(A) WEST FARM SHOPPING CENTER CT 5,805,969 23,348,024 18,635,677 7,585,116 40,204,554 47,789,670 18,936,585 28,853,085 - 1998(A) HAMDEN MART CT 13,668,167 40,890,166 6,186,421 14,225,573 46,519,181 60,744,754 9,347,255 51,397,499 18,702,173 2016(A) HOME DEPOT PLAZA CT 7,704,968 30,797,640 3,735,630 7,704,968 34,533,270 42,238,238 18,353,747 23,884,491 - 1998(A) WILTON RIVER PARK SHOPPING CTR CT 7,154,585 27,509,279 463,679 7,154,584 27,972,959 35,127,543 6,339,046 28,788,497 - 2012(A) BRIGHT HORIZONS CT 1,211,748 4,610,610 82,937 1,211,748 4,693,547 5,905,295 1,319,102 4,586,193 - 2012(A) WILTON CAMPUS CT 10,168,872 31,893,016 2,519,298 10,168,872 34,412,314 44,581,186 9,509,306 35,071,880 - 2013(A) CAMDEN SQUARE DE 122,741 66,738 4,706,775 3,024,375 1,871,879 4,896,254 258,544 4,637,710 - 2003(A) PROMENADE AT CHRISTIANA DE 14,371,686 - 5,572,067 8,340,000 11,603,753 19,943,753 368,010 19,575,743 - 2014(C) BRANDYWINE COMMONS DE - 36,057,487 (936,597 ) - 35,120,890 35,120,890 7,205,034 27,915,856 - 2014(A) CAMINO SQUARE FL 573,875 2,295,501 4,082,742 733,875 6,218,243 6,952,118 3,872,616 3,079,502 - 1992(A) CORAL SQUARE PROMENADE FL 710,000 2,842,907 4,136,076 710,000 6,978,983 7,688,983 4,459,575 3,229,408 - 1994(A) MAPLEWOOD PLAZA FL 1,649,000 6,626,301 1,705,947 1,649,000 8,332,248 9,981,248 4,674,375 5,306,873 - 1997(A) CURLEW CROSSING SHOPPING CTR FL 5,315,955 12,529,467 2,813,703 5,315,955 15,343,170 20,659,125 7,039,766 13,619,359 - 2005(A) SHOPS AT SANTA BARBARA PHASE 1 FL 743,463 5,373,994 228,008 743,463 5,602,002 6,345,465 1,069,668 5,275,797 - 2015(A) SHOPS AT SANTA BARBARA PHASE 2 FL 331,692 2,488,832 1,192 331,692 2,490,024 2,821,716 532,753 2,288,963 - 2015(A) SHOPS AT SANTA BARBARA PHASE 3 FL 329,726 2,358,700 42,155 329,726 2,400,855 2,730,581 454,553 2,276,028 - 2015(A) CORAL POINTE S.C. FL 2,411,608 20,507,735 569,441 2,411,608 21,077,176 23,488,784 4,003,288 19,485,496 - 2015(A) DANIA POINTE FL 105,113,024 - 31,723,302 26,093,655 110,742,671 136,836,326 4,664,445 132,171,881 - 2016(C) DANIA POINTE - PHASE II (3) FL - - 247,984,913 26,550,097 221,434,816 247,984,913 1,892,669 246,092,244 - 2016(C) FT. LAUDERDALE/CYPRESS CREEK FL 14,258,760 28,042,390 3,939,979 14,258,760 31,982,369 46,241,129 11,727,431 34,513,698 - 2009(A) HOMESTEAD-WACHTEL LAND LEASE FL 150,000 - - 150,000 - 150,000 - 150,000 - 2013(A) OAKWOOD PLAZA NORTH FL 35,300,961 141,731,019 (1,370,766 ) 35,300,961 140,360,253 175,661,214 20,355,563 155,305,651 - 2016(A) OAKWOOD PLAZA SOUTH FL 11,126,609 40,592,103 (246,505 ) 11,126,609 40,345,598 51,472,207 6,611,972 44,860,235 - 2016(A) OAKWOOD BUSINESS CTR-BLDG 1 FL 6,792,500 18,662,565 3,551,354 6,792,500 22,213,919 29,006,419 7,714,837 21,291,582 - 2009(A) KIMCO AVENUES WALK, LLC FL 26,984,546 - (26,984,546 ) - - - - - - 2005(C) AVENUES WALK FL 8,169,933 20,173,468 (23,528,330 ) 1,724,923 3,090,148 4,815,071 840,654 3,974,417 - 2005(A) RIVERPLACE SHOPPING CTR. FL 7,503,282 31,011,027 1,814,464 7,200,050 33,128,723 40,328,773 11,232,617 29,096,156 - 2010(A) MERCHANTS WALK FL 2,580,816 10,366,090 7,368,336 2,580,816 17,734,426 20,315,242 10,728,462 9,586,780 - 2001(A) CENTER AT MISSOURI AVENUE FL 293,686 792,119 7,118,160 293,686 7,910,279 8,203,965 2,300,235 5,903,730 - 1968(C) TRI-CITY PLAZA FL 2,832,296 11,329,185 22,339,491 2,832,296 33,668,676 36,500,972 6,588,438 29,912,534 - 1992(A) FT LAUDERDALE #1, FL FL 1,002,733 2,602,415 16,317,140 1,774,443 18,147,845 19,922,288 11,145,558 8,776,730 - 1974(C) NASA PLAZA FL - 1,754,000 4,213,164 - 5,967,164 5,967,164 4,209,825 1,757,339 - 1968(C) GROVE GATE S.C. FL 365,893 1,049,172 792,700 365,893 1,841,872 2,207,765 1,635,124 572,641 - 1968(C) CHEVRON OUTPARCEL FL 530,570 1,253,410 - 530,570 1,253,410 1,783,980 421,710 1,362,270 - 2010(A) IVES DAIRY CROSSING FL 732,914 4,080,460 11,492,230 720,852 15,584,752 16,305,604 10,440,914 5,864,690 - 1985(A) MILLER ROAD S.C. FL 1,138,082 4,552,327 4,674,664 1,138,082 9,226,991 10,365,073 6,228,031 4,137,042 - 1986(A) KENDALE LAKES PLAZA FL 18,491,461 28,496,001 (879,918 ) 15,362,227 30,745,317 46,107,544 9,463,083 36,644,461 - 2009(A) MILLER WEST PLAZA FL 6,725,660 10,661,419 306,630 6,725,660 10,968,049 17,693,709 2,134,901 15,558,808 - 2015(A) CORSICA SQUARE S.C. FL 7,225,100 10,757,386 230,745 7,225,100 10,988,131 18,213,231 2,240,758 15,972,473 - 2015(A) FLAGLER PARK FL 26,162,980 80,737,041 5,928,731 26,725,480 86,103,272 112,828,752 28,361,884 84,466,868 - 2007(A) PARK HILL PLAZA FL 10,763,612 19,264,248 582,539 10,763,612 19,846,787 30,610,399 5,515,131 25,095,268 - 2011(A) WINN DIXIE-MIAMI FL 2,989,640 9,410,360 (39,311 ) 3,544,297 8,816,392 12,360,689 1,555,631 10,805,058 - 2013(A) MARATHON SHOPPING CENTER FL 2,412,929 8,069,450 1,718,812 1,514,731 10,686,460 12,201,191 2,354,222 9,846,969 - 2013(A) SODO S.C. FL - 68,139,271 5,164,765 142,195 73,161,841 73,304,036 22,173,175 51,130,861 - 2008(A) RENAISSANCE CENTER FL 9,104,379 36,540,873 14,592,305 9,122,758 51,114,799 60,237,557 22,646,257 37,591,300 - 1998(A) MILLENIA PLAZA PHASE II FL 7,711,000 20,702,992 4,039,168 7,698,200 24,754,960 32,453,160 9,874,781 22,578,379 - 2009(A) RIVERSIDE LANDINGS S.C. FL 3,512,202 14,439,668 213,561 3,512,202 14,653,229 18,165,431 2,763,566 15,401,865 - 2015(A) GRAND OAKS VILLAGE FL 7,409,319 19,653,869 (297,561 ) 5,846,339 20,919,288 26,765,627 5,083,559 21,682,068 - 2011(A) PLANTATION CROSSING FL 2,782,030 8,077,260 2,640,749 2,782,030 10,718,009 13,500,039 1,373,969 12,126,070 - 2017(A) POMPANO POINTE S.C. FL 10,516,500 14,355,836 621,788 10,516,500 14,977,624 25,494,124 1,977,772 23,516,352 - 2012(A) UNIVERSITY TOWN CENTER FL 5,515,265 13,041,400 586,635 5,515,265 13,628,035 19,143,300 4,111,906 15,031,394 - 2011(A) OAK TREE PLAZA FL - 917,360 2,363,288 - 3,280,648 3,280,648 2,595,366 685,282 - 1968(C) TUTTLEBEE PLAZA FL 254,961 828,465 2,411,902 254,961 3,240,367 3,495,328 2,144,975 1,350,353 - 2008(A) SOUTH MIAMI S.C. FL 1,280,440 5,133,825 4,104,074 1,280,440 9,237,899 10,518,339 5,287,907 5,230,432 - 1995(A) CARROLLWOOD COMMONS FL 5,220,445 16,884,228 3,667,030 5,220,445 20,551,258 25,771,703 11,262,828 14,508,875 - 1997(A) VILLAGE COMMONS SHOPPING CENTER FL 2,192,331 8,774,158 5,296,264 2,192,331 14,070,422 16,262,753 7,186,002 9,076,751 - 1998(A) MISSION BELL SHOPPING CENTER FL 5,056,426 11,843,119 8,691,083 5,067,033 20,523,595 25,590,628 8,085,673 17,504,955 - 2004(A) VILLAGE COMMONS S.C. FL 2,026,423 5,106,476 2,055,527 2,026,423 7,162,003 9,188,426 1,937,635 7,250,791 - 2013(A) BELMART PLAZA FL 1,656,097 3,394,420 5,706,042 1,656,097 9,100,462 10,756,559 1,459,253 9,297,306 - 2014(A) MARKET AT HAYNES BRIDGE GA 4,880,659 21,549,424 1,704,882 4,889,863 23,245,102 28,134,965 8,683,617 19,451,348 - 2008(A) EMBRY VILLAGE GA 18,147,054 33,009,514 4,019,275 18,160,525 37,015,318 55,175,843 23,875,485 31,300,358 - 2008(A) PERIMETER EXPO PROPERTY GA 14,770,275 44,295,457 2,599,355 16,142,152 45,522,935 61,665,087 7,403,344 54,261,743 - 2016(A) RIVERWALK MARKETPLACE GA 3,512,202 18,862,571 148,516 3,512,202 19,011,087 22,523,289 2,917,737 19,605,552 - 2015(A) LAWRENCEVILLE MARKET GA 8,878,266 29,691,191 622,527 9,060,436 30,131,548 39,191,984 7,787,394 31,404,590 - 2013(A) BRAELINN VILLAGE GA 7,314,719 20,738,792 (640,739 ) 3,731,347 23,681,425 27,412,772 4,671,502 22,741,270 - 2014(A) SAVANNAH CENTER GA 2,052,270 8,232,978 5,113,919 2,052,270 13,346,897 15,399,167 8,141,518 7,257,649 - 1993(A) CHATHAM PLAZA GA 13,390,238 35,115,882 1,800,894 13,403,262 36,903,752 50,307,014 14,226,534 36,080,480 - 2008(A) CLIVE PLAZA IA 500,525 2,002,101 - 500,525 2,002,101 2,502,626 1,279,120 1,223,506 - 1996(A) PLAZA DEL PRADO IL 10,203,960 28,409,786 1,939,277 10,203,960 30,349,063 40,553,023 5,309,044 35,243,979 - 2017(A) SKOKIE POINTE IL - 2,276,360 9,726,150 2,628,440 9,374,070 12,002,510 4,664,817 7,337,693 - 1997(A) HAWTHORN HILLS SQUARE IL 6,783,928 33,033,624 3,162,458 6,783,928 36,196,082 42,980,010 10,739,688 32,240,322 - 2012(A) LINWOOD SQUARE IN 3,411,037 8,686,773 521,823 3,411,037 9,208,596 12,619,633 352,898 12,266,735 5,092,103 2019(A) GREENWOOD S.C. IN 423,371 1,883,421 20,568,420 1,640,748 21,234,464 22,875,212 4,329,891 18,545,321 - 1970(C) ABINGTON PLAZA MA 10,457,183 494,652 - 10,457,183 494,652 10,951,835 223,572 10,728,263 3,765,696 2014(A) WASHINGTON ST. PLAZA MA 11,007,593 5,652,368 9,672,304 12,957,593 13,374,672 26,332,265 3,294,086 23,038,179 5,154,370 2014(A) MEMORIAL PLAZA MA 16,411,388 27,553,908 997,520 16,411,388 28,551,428 44,962,816 5,181,269 39,781,547 14,213,412 2014(A) MAIN ST. PLAZA MA 555,898 2,139,494 - 555,898 2,139,494 2,695,392 538,443 2,156,949 1,160,478 2014(A) MORRISSEY PLAZA MA 4,097,251 3,751,068 (695,389 ) 4,097,251 3,055,679 7,152,930 384,484 6,768,446 2,658,847 2014(A) GLENDALE SQUARE MA 4,698,891 7,141,090 309,805 4,698,891 7,450,895 12,149,786 1,717,907 10,431,879 4,921,462 2014(A) FALMOUTH PLAZA MA 2,361,071 13,065,817 1,520,888 2,361,071 14,586,705 16,947,776 2,866,682 14,081,094 6,925,506 2014(A) WAVERLY PLAZA MA 1,215,005 3,622,911 321,467 1,203,205 3,956,178 5,159,383 930,755 4,228,628 1,955,997 2014(A) FESTIVAL OF HYANNIS S.C. MA 15,038,197 40,682,853 1,846,621 15,038,197 42,529,474 57,567,671 9,845,267 47,722,404 - 2014(A) FELLSWAY PLAZA MA 5,300,388 11,013,543 829,830 5,300,388 11,843,373 17,143,761 2,042,477 15,101,284 5,875,685 2014(A) NORTH QUINCY PLAZA MA 6,332,542 17,954,110 (274,381 ) 3,894,436 20,117,835 24,012,271 3,635,148 20,377,123 - 2014(A) ADAMS PLAZA MA 2,089,363 3,226,648 12,409 2,089,363 3,239,057 5,328,420 720,682 4,607,738 1,630,349 2014(A) BROADWAY PLAZA MA 6,485,065 343,422 - 6,485,065 343,422 6,828,487 168,551 6,659,936 2,502,014 2014(A) VINNIN SQUARE PLAZA MA 5,545,425 16,324,060 260,662 5,545,425 16,584,722 22,130,147 4,292,574 17,837,573 7,741,985 2014(A) PARADISE PLAZA MA 4,183,038 12,194,885 1,709,987 4,183,038 13,904,872 18,087,910 3,349,943 14,737,967 7,482,010 2014(A) BELMONT PLAZA MA 11,104,983 848,844 - 11,104,983 848,844 11,953,827 280,609 11,673,218 4,420,480 2014(A) VINNIN SQUARE IN-LINE MA 582,228 2,094,560 (77,429 ) 582,228 2,017,131 2,599,359 331,833 2,267,526 - 2014(A) LINDEN PLAZA MA 4,628,215 3,535,431 587,609 4,628,215 4,123,040 8,751,255 1,367,574 7,383,681 3,073,854 2014(A) NORTH AVE. PLAZA MA 1,163,875 1,194,673 23,933 1,163,875 1,218,606 2,382,481 374,350 2,008,131 782,152 2014(A) WASHINGTON ST. S.C. MA 7,380,918 9,987,119 2,095,754 7,380,918 12,082,873 19,463,791 2,364,023 17,099,768 5,305,390 2014(A) MILL ST. PLAZA MA 4,195,024 6,203,410 770,252 4,195,024 6,973,662 11,168,686 1,589,436 9,579,250 3,469,130 2014(A) FULLERTON PLAZA MD 14,237,901 6,743,980 10,130,358 14,237,901 16,874,338 31,112,239 2,474,848 28,637,391 - 2014(A) GREENBRIER S.C. MD 8,891,468 30,304,760 701,346 8,891,468 31,006,106 39,897,574 5,857,157 34,040,417 - 2014(A) INGLESIDE S.C. MD 10,416,726 17,889,235 509,491 10,416,726 18,398,726 28,815,452 4,046,004 24,769,448 - 2014(A) WILKENS BELTWAY PLAZA MD 9,948,235 22,125,942 1,851,406 9,948,235 23,977,348 33,925,583 4,457,688 29,467,895 - 2014(A) YORK ROAD PLAZA MD 4,276,715 37,205,757 114,563 4,276,715 37,320,320 41,597,035 6,484,982 35,112,053 - 2014(A) PUTTY HILL PLAZA MD 4,192,152 11,112,111 733,222 4,192,152 11,845,333 16,037,485 3,547,695 12,489,790 - 2013(A) SNOWDEN SQUARE S.C. MD 1,929,402 4,557,934 5,155,349 3,326,422 8,316,263 11,642,685 2,231,141 9,411,544 - 2012(A) COLUMBIA CROSSING MD 3,612,550 34,344,509 1,787,039 3,612,550 36,131,548 39,744,098 5,834,713 33,909,385 - 2015(A) DORSEY'S SEARCH VILLAGE CENTER MD 6,321,963 27,996,087 611,622 6,321,963 28,607,709 34,929,672 4,639,954 30,289,718 - 2015(A) HICKORY RIDGE MD 7,183,646 26,947,776 914,701 7,183,646 27,862,477 35,046,123 4,640,497 30,405,626 - 2015(A) HICKORY RIDGE (SUNOCO) MD 543,197 2,122,234 - 543,197 2,122,234 2,665,431 451,540 2,213,891 - 2015(A) KINGS CONTRIVANCE MD 9,308,349 31,759,940 1,178,679 9,308,349 32,938,619 42,246,968 6,798,215 35,448,753 - 2014(A) HARPER'S CHOICE MD 8,429,284 18,373,994 1,589,307 8,429,284 19,963,301 28,392,585 3,687,980 24,704,605 - 2015(A) WILDE LAKE MD 1,468,038 5,869,862 26,647,784 2,577,073 31,408,611 33,985,684 11,231,674 22,754,010 - 2002(A) RIVERHILL VILLAGE CENTER MD 16,825,496 23,282,222 349,435 16,825,496 23,631,657 40,457,153 5,600,696 34,856,457 - 2014(A) COLUMBIA CROSSING OUTPARCELS MD 1,279,200 2,870,800 20,602,841 6,147,248 18,605,593 24,752,841 4,414,835 20,338,006 - 2011(A) COLUMBIA CROSSING II SHOP.CTR. MD 3,137,628 19,868,075 4,766,798 3,137,628 24,634,873 27,772,501 4,338,021 23,434,480 - 2013(A) SHOPS AT DISTRICT HEIGHTS MD 8,165,638 21,970,661 (1,325,546 ) 7,298,215 21,512,538 28,810,753 3,210,633 25,600,120 12,338,092 2015(A) ENCHANTED FOREST S.C. MD 20,123,946 34,345,102 888,894 20,123,946 35,233,996 55,357,942 7,250,636 48,107,306 - 2014(A) SHOPPES AT EASTON MD 6,523,713 16,402,204 (2,771,003 ) 5,630,344 14,524,570 20,154,914 3,284,581 16,870,333 - 2014(A) VILLAGES AT URBANA MD 3,190,074 6,067 20,089,141 4,828,774 18,456,508 23,285,282 3,028,180 20,257,102 - 2003(A) GAITHERSBURG S.C. MD 244,890 6,787,534 1,752,884 244,890 8,540,418 8,785,308 4,419,147 4,366,161 - 1999(A) KENTLANDS MARKET SQUARE MD 20,167,048 84,615,052 16,531,901 20,167,048 101,146,953 121,314,001 12,019,870 109,294,131 30,173,767 2016(A) SHAWAN PLAZA MD 4,466,000 20,222,367 55,327 4,466,000 20,277,694 24,743,694 12,607,792 12,135,902 - 2008(A) LAUREL PLAZA MD 349,562 1,398,250 6,143,718 1,571,288 6,320,242 7,891,530 2,539,591 5,351,939 - 1995(A) LAUREL PLAZA MD 274,580 1,100,968 173,969 274,580 1,274,937 1,549,517 1,224,930 324,587 - 1972(C) MILL STATION THEATER/RSTRNTS MD 23,378,543 1,089,760 (3,729,443 ) 14,737,597 6,001,263 20,738,860 1,012,354 19,726,506 - 2016(C) MILL STATION DEVELOPMENT MD 21,320,924 - 60,489,404 16,075,820 65,734,508 81,810,328 1,424,791 80,385,537 - 2015(C) CENTRE COURT-RETAIL/BANK MD 1,035,359 7,785,830 284,760 1,035,359 8,070,590 9,105,949 1,777,184 7,328,765 1,015,043 2011(A) CENTRE COURT-GIANT MD 3,854,099 12,769,628 95,541 3,854,099 12,865,169 16,719,268 3,468,165 13,251,103 4,523,800 2011(A) CENTRE COURT-OLD COURT/COURTYD MD 2,279,177 5,284,577 25,704 2,279,177 5,310,281 7,589,458 1,325,769 6,263,689 - 2011(A) RADCLIFFE CENTER MD 12,042,713 21,187,946 116,844 12,042,713 21,304,790 33,347,503 4,689,967 28,657,536 - 2014(A) TIMONIUM CROSSING MD 2,525,377 14,862,817 473,059 2,525,377 15,335,876 17,861,253 2,997,785 14,863,468 - 2014(A) TIMONIUM SQUARE MD 6,000,000 24,282,998 14,325,728 7,331,195 37,277,531 44,608,726 18,502,141 26,106,585 - 2003(A) TOWSON PLACE MD 43,886,876 101,764,931 3,884,323 43,270,792 106,265,338 149,536,130 26,241,065 123,295,065 - 2012(A) CENTURY PLAZA MI 178,785 925,818 1,030,295 95,905 2,038,993 2,134,898 906,461 1,228,437 - 1968(C) THE FOUNTAINS AT ARBOR LAKES MN 28,585,296 66,699,024 14,322,042 29,485,296 80,121,066 109,606,362 33,928,214 75,678,148 - 2006(A) CENTER POINT S.C. MO - 550,204 - - 550,204 550,204 550,203 1 - 1998(A) WOODLAWN MARKETPLACE NC 919,251 3,570,981 2,820,130 919,251 6,391,111 7,310,362 4,346,540 2,963,822 - 2008(A) TYVOLA SQUARE NC - 4,736,345 8,698,903 - 13,435,248 13,435,248 10,155,373 3,279,875 - 1986(A) CROSSROADS PLAZA NC 767,864 3,098,881 1,233,350 767,864 4,332,231 5,100,095 2,254,286 2,845,809 - 2000(A) JETTON VILLAGE SHOPPES NC 3,875,224 10,292,231 584,327 2,143,695 12,608,087 14,751,782 3,131,442 11,620,340 - 2011(A) WOODLAWN SHOPPING CENTER NC 2,010,725 5,833,626 2,156,743 2,010,725 7,990,369 10,001,094 2,034,144 7,966,950 - 2012(A) CROSSROADS PLAZA NC 13,405,529 86,455,763 (427,297 ) 13,405,529 86,028,466 99,433,995 17,934,602 81,499,393 - 2014(A) QUAIL CORNERS NC 7,318,321 26,675,644 1,952,511 7,318,321 28,628,155 35,946,476 5,386,660 30,559,816 14,633,727 2014(A) DAVIDSON COMMONS NC 2,978,533 12,859,867 508,757 2,978,533 13,368,624 16,347,157 3,220,173 13,126,984 - 2012(A) PARK PLACE SC NC 5,461,478 16,163,494 4,889,191 5,469,809 21,044,354 26,514,163 8,383,687 18,130,476 - 2008(A) MOORESVILLE CROSSING NC 12,013,727 30,604,173 489,919 11,625,801 31,482,018 43,107,819 13,207,170 29,900,649 - 2007(A) PLEASANT VALLEY PROMENADE NC 5,208,885 20,885,792 22,521,186 5,208,885 43,406,978 48,615,863 22,878,409 25,737,454 - 1993(A) BRENNAN STATION NC 7,749,751 20,556,891 (344,091 ) 6,321,923 21,640,628 27,962,551 6,651,035 21,311,516 - 2011(A) BRENNAN STATION OUTPARCEL NC 627,906 1,665,576 (186,984 ) 450,232 1,656,266 2,106,498 415,017 1,691,481 - 2011(A) CLOVERDALE PLAZA NC 540,667 719,655 7,535,398 540,667 8,255,053 8,795,720 4,249,108 4,546,612 - 1969(C) WEBSTER SQUARE NH 11,683,145 41,708,383 5,914,072 11,683,145 47,622,455 59,305,600 9,058,889 50,246,711 - 2014(A) WEBSTER SQUARE - DSW NH 1,346,391 3,638,397 131,388 1,346,391 3,769,785 5,116,176 647,828 4,468,348 - 2017(A) WEBSTER SQUARE NORTH NH 2,163,138 6,511,424 131,176 2,163,138 6,642,600 8,805,738 1,381,090 7,424,648 - 2016(A) ROCKINGHAM PLAZA NH 2,660,915 10,643,660 23,991,703 3,148,715 34,147,563 37,296,278 14,966,093 22,330,185 - 2008(A) SHOP RITE PLAZA NJ 2,417,583 6,364,094 2,431,917 2,417,583 8,796,011 11,213,594 7,441,574 3,772,020 - 1985(C) MARLTON PLAZA NJ - 4,318,534 153,375 - 4,471,909 4,471,909 2,725,754 1,746,155 - 1996(A) HILLVIEW SHOPPING CENTER NJ 16,007,647 32,607,423 1,019,256 16,007,647 33,626,679 49,634,326 6,168,310 43,466,016 - 2014(A) GARDEN STATE PAVILIONS NJ 7,530,709 10,801,949 21,436,057 12,203,841 27,564,874 39,768,715 9,364,390 30,404,325 - 2011(A) CLARK SHOPRITE 70 CENTRAL AVE NJ 3,496,673 11,693,769 994,829 13,959,593 2,225,678 16,185,271 1,167,124 15,018,147 - 2013(A) COMMERCE CENTER WEST NJ 385,760 1,290,080 160,534 793,595 1,042,779 1,836,374 290,590 1,545,784 - 2013(A) COMMERCE CENTER EAST NJ 1,518,930 5,079,690 1,753,865 7,235,196 1,117,289 8,352,485 612,018 7,740,467 - 2013(A) CENTRAL PLAZA NJ 3,170,465 10,602,845 525,936 5,145,167 9,154,079 14,299,246 3,001,578 11,297,668 - 2013(A) EAST WINDSOR VILLAGE NJ 9,335,011 23,777,978 589,083 9,335,011 24,367,061 33,702,072 8,138,835 25,563,237 - 2008(A) HOLMDEL TOWNE CENTER NJ 10,824,624 43,301,494 11,331,077 10,824,624 54,632,571 65,457,195 25,600,909 39,856,286 - 2002(A) COMMONS AT HOLMDEL NJ 16,537,556 38,759,952 4,784,343 16,537,556 43,544,295 60,081,851 19,179,428 40,902,423 - 2004(A) PLAZA AT HILLSDALE NJ 7,601,596 6,994,196 1,654,977 7,601,596 8,649,173 16,250,769 2,060,745 14,190,024 5,247,361 2014(A) MAPLE SHADE NJ - 9,957,611 2,301,448 - 12,259,059 12,259,059 3,520,275 8,738,784 - 2009(A) PLAZA AT SHORT HILLS NJ 20,155,471 11,061,984 682,452 20,155,471 11,744,436 31,899,907 3,088,919 28,810,988 8,204,541 2014(A) NORTH BRUNSWICK PLAZA NJ 3,204,978 12,819,912 27,492,467 3,204,978 40,312,379 43,517,357 22,739,677 20,777,680 - 1994(A) PISCATAWAY TOWN CENTER NJ 3,851,839 15,410,851 1,584,216 3,851,839 16,995,067 20,846,906 9,721,766 11,125,140 - 1998(A) RIDGEWOOD S.C. NJ 450,000 2,106,566 1,303,621 450,000 3,410,187 3,860,187 2,030,829 1,829,358 - 1993(A) UNION CRESCENT III NJ 7,895,483 3,010,640 28,965,399 8,696,579 31,174,943 39,871,522 19,213,708 20,657,814 - 2007(A) WESTMONT PLAZA NJ 601,655 2,404,604 13,565,153 601,655 15,969,757 16,571,412 8,135,948 8,435,464 - 1994(A) WILLOWBROOK PLAZA NJ 15,320,436 40,996,874 10,703,829 15,320,436 51,700,703 67,021,139 9,659,601 57,361,538 - 2009(A) DEL MONTE PLAZA NV 2,489,429 5,590,415 223,460 2,210,000 6,093,304 8,303,304 3,385,368 4,917,936 1,304,805 2006(A) DEL MONTE PLAZA ANCHOR PARCEL NV 6,512,745 17,599,602 140,485 6,520,017 17,732,815 24,252,832 2,167,329 22,085,503 - 2017(A) REDFIELD PROMENADE NV 4,415,339 32,035,192 599,966 4,415,339 32,635,158 37,050,497 8,995,513 28,054,984 - 2015(A) MCQUEEN CROSSINGS NV 5,017,431 20,779,024 992,583 5,017,431 21,771,607 26,789,038 5,860,311 20,928,727 - 2015(A) GALENA JUNCTION NV 8,931,027 17,503,387 1,033,505 8,931,027 18,536,892 27,467,919 4,134,549 23,333,370 - 2015(A) D'ANDREA MARKETPLACE NV 11,556,067 29,435,364 572,971 11,556,067 30,008,335 41,564,402 10,536,928 31,027,474 - 2007(A) SPARKS MERCANTILE NV 6,221,614 17,069,172 165,610 6,221,614 17,234,782 23,456,396 4,070,976 19,385,420 - 2015(A) BRIDGEHAMPTON COMMONS-W&E SIDE NY 1,811,752 3,107,232 36,206,904 1,858,188 39,267,700 41,125,888 23,913,758 17,212,130 - 1972(C) OCEAN PLAZA NY 564,097 2,268,768 19,003 564,097 2,287,771 2,851,868 1,036,522 1,815,346 - 2003(A) KINGS HIGHWAY NY 2,743,820 6,811,268 2,265,409 2,743,820 9,076,677 11,820,497 4,090,894 7,729,603 - 2004(A) RALPH AVENUE PLAZA NY 4,414,466 11,339,857 3,964,235 4,414,467 15,304,091 19,718,558 6,174,728 13,543,830 - 2004(A) BELLMORE S.C. NY 1,272,269 3,183,547 1,683,700 1,272,269 4,867,247 6,139,516 2,300,481 3,839,035 - 2004(A) MARKET AT BAY SHORE NY 12,359,621 30,707,802 6,641,498 12,359,621 37,349,300 49,708,921 15,631,737 34,077,184 11,963,066 2006(A) KEY FOOD - ATLANTIC AVE NY 2,272,500 5,624,589 509,260 4,808,822 3,597,527 8,406,349 943,371 7,462,978 - 2012(A) VETERANS MEMORIAL PLAZA NY 5,968,082 23,243,404 20,546,639 5,980,130 43,777,995 49,758,125 17,498,760 32,259,365 - 1998(A) BIRCHWOOD PLAZA COMMACK NY 3,630,000 4,774,791 1,246,823 3,630,000 6,021,614 9,651,614 2,282,408 7,369,206 - 2007(A) ELMONT S.C. NY 3,011,658 7,606,066 6,517,563 3,011,658 14,123,629 17,135,287 4,574,649 12,560,638 - 2004(A) ELMSFORD CENTER 1 NY 4,134,273 1,193,084 - 4,134,273 1,193,084 5,327,357 260,525 5,066,832 - 2013(A) ELMSFORD CENTER 2 NY 4,076,403 15,598,504 1,118,941 4,245,442 16,548,406 20,793,848 4,201,443 16,592,405 - 2013(A) FRANKLIN SQUARE S.C. NY 1,078,541 2,516,581 4,169,428 1,078,541 6,686,009 7,764,550 3,213,769 4,550,781 - 2004(A) AIRPORT PLAZA NY 22,711,189 107,011,500 6,011,483 22,711,189 113,022,983 135,734,172 22,738,108 112,996,064 - 2015(A) KISSENA BOULEVARD SHOPPING CTR NY 11,610,000 2,933,487 1,590,377 11,610,000 4,523,864 16,133,864 1,226,049 14,907,815 - 2007(A) HAMPTON BAYS PLAZA NY 1,495,105 5,979,320 3,426,833 1,495,105 9,406,153 10,901,258 8,247,555 2,653,703 - 1989(A) HICKSVILLE PLAZA NY 3,542,739 8,266,375 2,544,652 3,542,739 10,811,027 14,353,766 4,371,522 9,982,244 - 2004(A) TURNPIKE PLAZA NY 2,471,832 5,839,416 811,116 2,471,832 6,650,532 9,122,364 2,177,657 6,944,707 - 2011(A) JERICHO COMMONS SOUTH NY 12,368,330 33,071,495 3,602,303 12,368,330 36,673,798 49,042,128 13,606,878 35,435,250 4,820,223 2007(A) 501 NORTH BROADWAY NY - 1,175,543 (57,618 ) - 1,117,925 1,117,925 472,289 645,636 - 2007(A) MILLERIDGE INN NY 7,500,330 481,316 (47,091 ) 7,500,000 434,555 7,934,555 49,063 7,885,492 - 2015(A) FAMILY DOLLAR UNION TURNPIKE NY 909,000 2,249,775 258,033 1,056,709 2,360,099 3,416,808 605,446 2,811,362 - 2012(A) LITTLE NECK PLAZA NY 3,277,254 13,161,218 6,062,939 3,277,253 19,224,158 22,501,411 8,903,016 13,598,395 - 2003(A) KEY FOOD - 21ST STREET NY 1,090,800 2,699,730 (159,449 ) 1,669,153 1,961,928 3,631,081 420,415 3,210,666 - 2012(A) MANHASSET CENTER NY 4,567,003 19,165,808 32,485,753 3,471,939 52,746,625 56,218,564 29,031,993 27,186,571 - 1999(A) MANHASSET CENTER (RESIDENTIAL) NY 950,000 - - 950,000 - 950,000 - 950,000 - 2012(A) MASPETH QUEENS-DUANE READE NY 1,872,013 4,827,940 1,036,886 1,872,013 5,864,826 7,736,839 2,370,655 5,366,184 1,746,452 2004(A) NORTH MASSAPEQUA S.C. NY 1,880,816 4,388,549 (1,914,768 ) - 4,354,597 4,354,597 4,307,791 46,806 - 2004(A) MINEOLA CROSSINGS NY 4,150,000 7,520,692 213,964 4,150,000 7,734,656 11,884,656 2,686,165 9,198,491 - 2007(A) SMITHTOWN PLAZA NY 3,528,000 7,364,098 511,572 3,436,722 7,966,948 11,403,670 3,500,080 7,903,590 - 2009(A) MANETTO HILL PLAZA NY 263,693 584,031 11,511,460 263,693 12,095,491 12,359,184 7,350,118 5,009,066 - 1969(C) SYOSSET S.C. NY 106,655 76,197 2,182,636 106,655 2,258,833 2,365,488 1,280,288 1,085,200 - 1990(C) RICHMOND S.C. NY 2,280,000 9,027,951 21,728,940 2,280,000 30,756,891 33,036,891 16,232,406 16,804,485 - 1989(A) GREENRIDGE PLAZA NY 2,940,000 11,811,964 7,524,470 3,148,424 19,128,010 22,276,434 9,834,444 12,441,990 - 1997(A) THE BOULEVARD NY 28,723,536 38,232,267 216,796,203 28,723,536 255,028,470 283,752,006 14,816,320 268,935,686 - 2006(A) FOREST AVENUE PLAZA NY 4,558,592 10,441,408 903,215 4,558,592 11,344,623 15,903,215 4,441,308 11,461,907 - 2005(A) INDEPENDENCE PLAZA NY 12,279,093 34,813,852 (259,700 ) 16,131,632 30,701,613 46,833,245 8,214,132 38,619,113 - 2014(A) KEY FOOD - CENTRAL AVE. NY 2,787,600 6,899,310 (394,910 ) 2,603,321 6,688,679 9,292,000 1,498,681 7,793,319 - 2012(A) WHITE PLAINS S.C. NY 1,777,775 4,453,894 2,520,991 1,777,775 6,974,885 8,752,660 2,724,711 6,027,949 - 2004(A) CHAMPION FOOD SUPERMARKET NY 757,500 1,874,813 (24,388 ) 2,241,118 366,807 2,607,925 215,617 2,392,308 - 2012(A) SHOPRITE S.C. NY 871,977 3,487,909 - 871,977 3,487,909 4,359,886 2,510,089 1,849,797 - 1998(A) ROMAINE PLAZA NY 782,459 1,825,737 588,133 782,459 2,413,870 3,196,329 954,512 2,241,817 - 2005(A) OREGON TRAIL CENTER OR 5,802,422 12,622,879 443,736 5,802,422 13,066,615 18,869,037 5,748,725 13,120,312 - 2009(A) JANTZEN BEACH CENTER OR 57,575,244 102,844,429 302,414 57,588,287 103,133,800 160,722,087 15,219,539 145,502,548 - 2017(A) SUBURBAN SQUARE PA 70,679,871 166,351,381 74,923,585 71,279,871 240,674,966 311,954,837 61,032,081 250,922,756 - 2007(A) CENTER SQUARE SHOPPING CENTER PA 731,888 2,927,551 1,250 |
Schedule IV - Mortgage Loans on
Schedule IV - Mortgage Loans on Real Estate | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Text Block] | KIMCO REALTY CORPORATION AND SUBSIDIARIES SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE As of December 31, 2020 (in thousands) Description Interest Rate Final Maturity Date Periodic Payment Terms (a) Prior Liens Original Face Amount of Mortgages Carrying Amount of Mortgages (b) Principal Amount of Loans Subject to Delinquent Principal or Interest Mortgage Loans: Retail Las Vegas, NV 12.00 % May-33 I $ - $ 3,075 $ 3,075 $ - Walker, MI 4.00 % Dec-24 P& I - 3,750 3,671 - Pompano, FL 12.00 % Dec-22 I 25,000 25,000 - Mesa, AZ 12.00 % Aug-21 I 500 500 - Nonretail Commack, NY 7.41 % Oct-26 P& I - 1,354 256 - Melbourne, FL 6.88 % Dec-30 P&I 500 244 - Other Financing Loans: Nonretail Borrower A 2.28 % Apr-27 P& I 600 305 - Borrower B 5.00 % May-20 P&I 175 125 - Allowance for Credit losses: - (930 ) - $ - $ 34,954 $ 32,246 $ - (a) I = Interest only; P&I = Principal & Interest. (b) The aggregate cost for Federal income tax purposes was approximately $32.2 million as of December 31, 2020. For a reconciliation of mortgage and other financing receivables from January 1, 2018 December 31, 2020, 12 10 The Company feels it is not not The cost of obtaining an independent valuation on these assets is deemed excessive considering the materiality of the total receivables. |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2020 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation The accompanying Consolidated Financial Statements include the accounts of the Company. The Companyās subsidiaries include subsidiaries which are wholly owned or which the Company has a controlling interest, including where the Company has been determined to be a primary beneficiary of a variable interest entity (āVIEā) in accordance with the consolidation guidance of the Financial Accounting Standards Board (āFASBā) Accounting Standards Codification (āASCā). All inter-company balances and transactions have been eliminated in consolidation. |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates GAAP requires the Company's management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities and the reported amounts of revenues and expenses during a reporting period. The most significant assumptions and estimates relate to the valuation of real estate and related intangible assets and liabilities, equity method investments, other investments, including the assessment of impairments, as well as, depreciable lives, revenue recognition, the collectability of trade accounts receivable, realizability of deferred tax assets and the assessment of uncertain tax positions. Application of these assumptions requires the exercise of judgment as to future uncertainties, and, as a result, actual results could differ from these estimates. |
Subsequent Events, Policy [Policy Text Block] | Subsequent Events The Company has evaluated subsequent events and transactions for potential recognition or disclosure in its consolidated financial statements. |
Real Estate, Policy [Policy Text Block] | Real Estate Real estate assets are stated at cost, less accumulated depreciation and amortization. Upon acquisition of real estate operating properties, the Company estimates the fair value of acquired tangible assets (consisting of land, building, building improvements and tenant improvements) and identified intangible assets and liabilities (consisting of above-market and below-market leases, in-place leases and tenant relationships, where applicable), assumed debt and redeemable units issued at the date of acquisition, based on evaluation of information and estimates available at that date. Fair value is determined based on a market approach, which contemplates the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Acquisitions of operating properties are categorized as asset acquisitions and as such the Company capitalizes the acquisition costs associated with these acquisitions. In allocating the purchase price to identified intangible assets and liabilities of an acquired property, the value of above-market and below-market leases is estimated based on the present value of the difference between the contractual amounts, including fixed rate below-market lease renewal options, to be paid pursuant to the leases and managementās estimate of the market lease rates and other lease provisions (i.e., expense recapture, base rental changes, etc.) measured over a period equal to the estimated remaining term of the lease. The capitalized above-market or below-market intangible is amortized to rental income over the estimated remaining term of the respective leases, which includes the expected renewal option period for below-market leases. Mortgage debt discounts or premiums are amortized into interest expense over the remaining term of the related debt instrument. In determining the value of in-place leases, management considers current market conditions and costs to execute similar leases in arriving at an estimate of the carrying costs during the expected lease-up period from vacant to existing occupancy. In estimating carrying costs, management includes real estate taxes, insurance, other operating expenses, estimates of lost rental revenue during the expected lease-up periods and costs to execute similar leases including leasing commissions, legal and other related costs based on current market demand. The value assigned to in-place leases and tenant relationships is amortized over the estimated remaining term of the leases. If a lease were to be terminated prior to its scheduled expiration, all unamortized costs relating to that lease would be written off. Depreciation and amortization are provided on the straight-line method over the estimated useful lives of the assets, as follows: Buildings and building improvements (in years) 5 to 50 Fixtures, leasehold and tenant improvements (including certain identified intangible assets) Terms of leases or useful lives, whichever is shorter The Company periodically assesses the useful lives of its depreciable real estate assets, including those expected to be redeveloped in future periods, and accounts for any revisions prospectively. Expenditures for maintenance, repairs and demolition costs are charged to operations as incurred. Significant renovations and replacements, which improve or extend the life of the asset, are capitalized. The useful lives of amortizable intangible assets are evaluated each reporting period with any changes in estimated useful lives being accounted for over the revised remaining useful life. When a real estate asset is identified by management as held-for-sale, the Company ceases depreciation of the asset and estimates the fair value. If the fair value of the asset, less cost to sell, is less than the net book value of the asset, an adjustment to the carrying value would be recorded to reflect the estimated fair value of the property, less estimated costs of sale and the asset is classified as other assets. On a continuous basis, management assesses whether there are any indicators, including property operating performance, changes in anticipated holding period and general market conditions, that the value of the real estate properties (including any related amortizable intangible assets or liabilities) may third third not third |
Real Estate Held for Development and Sale, Policy [Policy Text Block] | Real Estate Under Development Real estate under development represents the development of open-air shopping center projects, which may no one may |
Equity and Cost Method Investments, Policy [Policy Text Block] | Investments in Unconsolidated Joint Ventures The Company accounts for its investments in unconsolidated joint ventures under the equity method of accounting as the Company exercises significant influence, but does not The Companyās joint ventures primarily consist of co-investments with institutional and other joint venture partners in open-air shopping center properties, consistent with its core business. These joint ventures typically obtain non-recourse third may December 31, 2020, not To recognize the character of distributions from equity investees within its Consolidated Statements of Cash Flows, all distributions received are presumed to be returns on investment and classified as cash inflows from operating activities unless the Companyās cumulative distributions received less distributions received in prior periods that were determined to be returns of investment exceed its cumulative equity in earnings recognized by the investor (as adjusted for amortization of basis differences). When such an excess occurs, the current-period distribution up to this excess is considered a return of investment and classified as cash inflows from investing. On a continuous basis, management assesses whether there are any indicators, including the underlying investment property operating performance and general market conditions, that the value of the Companyās investments in unconsolidated joint ventures may |
Investment, Policy [Policy Text Block] | Other Real Estate Investments and Other Assets Other real estate investments primarily consist of preferred equity investments for which the Company provides capital to owners and developers of real estate. The Company typically accounts for its preferred equity investments on the equity method of accounting, whereby earnings for each investment are recognized in accordance with each respective investment agreement and based upon an allocation of the investmentās net assets at book value as if the investment was hypothetically liquidated at the end of each reporting period. On a continuous basis, management assesses whether there are any indicators, including the underlying investment property operating performance and general market conditions, that the value of the Companyās Other real estate investments may The Companyās estimated fair values are based upon a discounted cash flow model for each investment that includes all estimated cash inflows and outflows over a specified holding period and, where applicable, any estimated debt premiums. Capitalization rates, discount rates and credit spreads utilized in these models are based upon rates that the Company believes to be within a reasonable range of current market rates. Other assets include investments for which the Company applies the cost method of accounting. The Company recognizes as income distributions from net accumulated earnings of the investee since the date of acquisition. The net accumulated earnings of an investee subsequent to the date of investment are recognized by the Company only to the extent distributed by the investee. Distributions received in excess of earnings subsequent to the date of investment are considered a return of investment and are recorded as reductions of cost of the investment. |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and Cash Equivalents Cash and cash equivalents include demand deposits in banks, commercial paper and certificates of deposit with original maturities of three may, |
Financing Receivable [Policy Text Block] | Mortgages and Other Financing Receivables Mortgages and other financing receivables consist of loans acquired and loans originated by the Company, which are included within Other assets on the Company's Consolidated Balance Sheets. Borrowers of these loans are primarily experienced owners, operators or developers of commercial real estate. The Companyās loans are primarily mortgage loans that are collateralized by real estate. Mortgages and other financing receivables are recorded at stated principal amounts, net of any discount or premium or deferred loan origination costs or fees. The related discounts or premiums on mortgages and other loans purchased are amortized or accreted over the life of the related loan receivable. The Company defers certain loan origination and commitment fees, net of certain origination costs and amortizes them as an adjustment of the loanās yield over the term of the related loan. On January 1, 2020, 2016 13 Financial Instruments ā Credit Losses (Topic 326 January 1, 2020 326 On a quarterly basis, the Company reviews credit quality indicators such as (i) payment status to identify performing versus non-performing loans, (ii) changes affecting the underlying real estate collateral and (iii) national and regional economic factors. The Company has determined that it has one Interest income on performing loans is accrued as earned. A non-performing loan is placed on non-accrual status when it is probable that the borrower may |
Marketable Securities, Policy [Policy Text Block] | Marketable Securities The Company classifies its marketable equity securities as available-for-sale in accordance with the FASBās Investments-Debt and Equity Securities guidance. In accordance with ASU 2016 01, Financial Instrumentsā Overall (Subtopic 825 10 |
Deferred Charges, Policy [Policy Text Block] | Deferred Leasing Costs Effective January 1, 2019, 2016 02, Leases (Topic 842 2016 02ā 2016 02 Software Development Costs Expenditures for major software purchases and software developed for internal use are capitalized and amortized on a straight-line basis generally over a period of three ten December 31, 2020, 2019, December 31, 2020, 2019 2018, Deferred Financing Costs Costs incurred in obtaining long-term financing, included in Notes payable, net and Mortgages and construction loan payable, net in the accompanying Consolidated Balance Sheets, are amortized on a straight-line basis, which approximates the effective interest method, over the terms of the related debt agreements, as applicable. |
Revenue [Policy Text Block] | Revenue , Trade Accounts Receivable and Gain Recognition The Company determines the proper amount of revenue to be recognized in accordance with ASU 2014 09, Revenue from Contracts with Customers (Topic 606 606ā December 31, 2020, no The Companyās primary source of revenues are derived from lease agreements which fall under the scope of ASU 2016 02, Leases (Topic 842 842ā 606, 606 Revenues from rental properties , net Revenues from rental properties, net are comprised of minimum base rent, percentage rent, lease termination fee income, amortization of above-market and below-market rent adjustments and straight-line rent adjustments. The Company accounts for lease and non-lease components, as combined components under Topic 842. Base rental revenues from rental properties are recognized on a straight-line basis over the terms of the related leases. Certain of these leases also provide for percentage rents based upon the level of sales achieved by the lessee. These percentage rents are recognized once the required sales level is achieved. Rental income may Also included in Revenues from rental properties, net are ancillary income and TIF income. Ancillary income is derived through various agreements relating to parking lots, clothing bins, temporary storage, vending machines, ATMs, trash bins and trash collections, seasonal leases, etc. The majority of the revenue derived from these sources is through lease agreements/arrangements and is recognized in accordance with the lease terms described in the lease. The Company has TIF agreements with certain municipalities and receives payments in accordance with the agreements. TIF reimbursement income is recognized on a cash basis when received. Management and other fee income Property management fees, property acquisition and disposition fees, construction management fees, leasing fees and asset management fees all fall within the scope of Topic 606. third Leasing fee income is recognized as a single performance obligation primarily upon the rent commencement date. The Company believes the leasing services it provides are similar for each available space leased and none Property acquisition and disposition fees are recognized when the Company satisfies a performance obligation by acquiring a property or transferring control of a property. These fees are billed subsequent to the acquisition or sale of the property and payment is due upon receipt. Construction management fees are recognized as a single performance obligation (managing the construction of the project) composed of a series of distinct services. The Company believes that the overall service of construction management is substantially the same each day and has the same pattern of performance over the term of the agreement. As a result, each day of service represents a performance obligation satisfied at that point in time. These fees are based on the amount spent on the construction at the end of each period for services performed during that period, primarily billed to the customer monthly with payment due upon receipt. Trade Accounts Receivable The Company reviews its trade accounts receivable, including its straight-line rent receivable, related to base rents, straight-line rent, expense reimbursements and other revenues for collectability. When evaluating the probability of the collection of the lesseeās total accounts receivable, including the corresponding straight-line rent receivable balance on a lease-by-lease basis; the Company considered the effects COVID- 19 January 1, 2019, 842, 842, not may Since the outbreak of the COVID- 19 19 19 December 31, 2020, 19 six 18 Gains on sale of properties/change in control of interests On January 1, 2018, 2017 05, Other IncomeāGains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610 20 610ā 610 |
Leases [Policy Text Block] | Leases The FASB issued Topic 842, 840, Leases The Company adopted this standard effective January 1, 2019 842 842 not not not Lessor The Company accounts for non-lease components and related lease components combined under Topic 842, 2018 11, Leases Targeted Improvements 2018 11ā 842 840, not not 842 third no not not In April 2020, Topic 842 840: 19 842, 19 19 may not 19 19 not Some concessions will provide a deferral of payments with no none (i) Account for the concessions as if no (ii) Account for the deferred payments as variable lease payments. The Company has elected to apply the modification relief as described in (i) above to the lease concessions it has entered into during the year ended December 31, 2020, 19 Lessee The Companyās leases where it is the lessee primarily consist of ground leases and administrative office leases. ROU assets represent the Companyās right to use an underlying asset for the lease term and lease liabilities represent the Companyās obligation to make lease payments arising from the lease. ROU assets and lease liabilities are recognized at the commencement date of the lease and are based on the present value of lease payments over the lease term. The Company utilized an incremental borrowing rate based on the information available at adoption of Topic 842 not not 11 |
Income Tax, Policy [Policy Text Block] | Income Taxes The Company elected to qualify as a REIT for federal income tax purposes commencing with its taxable year January 1, 1992 not 856 860 The Company maintains certain subsidiaries which made joint elections with the Company to be treated as taxable REIT subsidiaries (āTRSsā), which permit the Company to engage through such TRSs in certain business activities that the REIT may not may not not Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. The Company provides a valuation allowance for deferred tax assets for which it does not not. The Company reviews the need to establish a valuation allowance against deferred tax assets on a quarterly basis. The review includes an analysis of various factors, such as future reversals of existing taxable temporary differences, the capacity for the carryback or carryforward of any losses, the expected occurrence of future income or loss and available tax planning strategies. The Company applies the FASBās guidance relating to uncertainty in income taxes recognized in a Companyās financial statements. Under this guidance the Company may not fifty |
Consolidation, Subsidiaries or Other Investments, Consolidated Entities, Policy [Policy Text Block] | Noncontrolling Interests The Company accounts for noncontrolling interests in accordance with the Consolidation guidance and the Distinguishing Liabilities from Equity guidance issued by the FASB. Noncontrolling interests represent the portion of equity that the Company does not Noncontrolling interests also include amounts related to partnership units issued by consolidated subsidiaries of the Company in connection with certain property acquisitions. These units have a stated redemption value or a defined redemption amount based upon the trading price of the Companyās common stock and provides the unit holders various rates of return during the holding period. The unit holders generally have the right to redeem their units for cash at any time after one The Company evaluates the terms of the partnership units issued in accordance with the FASBās Distinguishing Liabilities from Equity guidance. Convertible units for which the Company has the option to settle redemption amounts in cash or common stock are included in the caption Noncontrolling interests within the equity section on the Companyās Consolidated Balance Sheets. Units which embody a conditional obligation requiring the Company to redeem the units for cash after a specified or determinable date (or dates) or upon the occurrence of an event that is not Contingently redeemable noncontrolling interests are recorded at fair value upon issuance. Any change in the fair value or redemption value of these noncontrolling interests is subsequently recognized through Paid-in capital on the Companyās Consolidated Balance Sheets and is included in the Companyās computation of earnings per share (see Footnote 23 |
Share-based Payment Arrangement [Policy Text Block] | Stock Compensation In May 2020, 2020 ā2020 2010 March 2020. 2020 fourth fifth four five ten fifth one three may 2020 The Company accounts for equity awards in accordance with the FASBās Stock Compensation guidance which requires that all share-based payments to employees be recognized in the Statements of Income over the service period based on their fair values. Fair value of performance awards is determined using the Monte Carlo method, which is intended to estimate the fair value of the awards at the grant date (see Footnote 21 |
Reclassification, Comparability Adjustment [Policy Text Block] | Reclassifications Certain amounts in the prior periods have been reclassified in order to conform to the current periodās presentation. For comparative purposes, the Company reclassified (i) $9.4 million of marketable securities from Other assets to Marketable securities on the Companyās Consolidated Balance Sheets at December 31, 2019 December 31, 2019 2018, |
New Accounting Pronouncements, Policy [Policy Text Block] | New Accounting Pronouncements The following table represents ASUs to the FASBās ASCs that, as of December 31, 2020, not not adoption, where permitted: ASU Description Effective Date Effect on the financial statements or other significant matters ASU 2020 01, 321 323 815 321, 323, 815 The amendments clarify the interaction between the accounting for equity securities, equity method investments, and certain derivative instruments. This ASU, among other things, clarifies that an entity should consider observable transactions that require a company to either apply or discontinue the equity method of accounting under Topic 323 321 January 1, 2021; The adoption of this ASU is not The following ASUs to the FASBās ASCs have been adopted by the Company as of the date listed: ASU Description Adoption Date Effect on the financial ASU 2020 04, 848 This ASU is intended to provide temporary optional expedients and exceptions to GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens related to the expected market transition from the London Interbank Offered Rate ("LIBOR") and other interbank offered rates to alternative reference rates. This guidance is effective immediately, and the Company may December 31, 2022. The adoption of this ASU did not ASU 2020 03, This ASU improves and clarifies various financial instruments topics. The ASU includes seven The amendment is divided into issues 1 7 The Company adopted issues 1 7 not ASU 2018 17, 810 The amendment to Topic 810 (i) Applying the variable interest entity (VIE) guidance to private companies under common control, and (ii) Considering indirect interests held through related parties under common control, for determining whether fees paid to decision makers and service providers are variable interests. This update improves the accounting for those areas, thereby improving general purpose financial reporting. Retrospective adoption is required. January 1, 2020; The adoption of this ASU did not ASU 2018 15, 350 40 The amendment aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. January 1, 2020; The adoption of this ASU did not ASU 2018 13, 820 The amendment modifies the disclosure requirements for fair value measurements in Topic 820, Conceptual Framework for Financial Reporting ā Chapter 8: Notes to Financial Statements January 1, 2020; The adoption of this ASU did not ASU 2016 13, 326 ASU 2018 19, 326, ASU 2019 05, 326 ASU 2019 11, 326, The new guidance introduces a new model for estimating credit losses for certain types of financial instruments, including loans receivable, held-to-maturity debt securities, and net investments in direct financing leases, amongst other financial instruments. ASU 2016 13 In November 2018, 2018 19, 842 In May 2019, 2019 05, 2016 13 2016 13, 326 203 825 10.4. not 2016 13. 2016 13. In November 2019, 2019 11, January 1, 2020; The Company adopted this standard using the modified retrospective method. While the Companyās mortgages and other financing receivables are impacted by this ASU, the adoption did not |
Note 2 - Real Estate (Tables)
Note 2 - Real Estate (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Schedule of Property Subject to or Available for Operating Lease [Table Text Block] | December 31, 20 20 201 9 Land: Developed land $ 2,758,936 $ 2,759,232 Undeveloped land 22,952 28,923 Total land 2,781,888 2,788,155 Buildings and improvements: Buildings 5,911,602 5,661,306 Building improvements 1,918,641 1,840,580 Tenant improvements 820,027 771,498 Fixtures and leasehold improvements 32,123 31,563 Above-market leases 125,858 128,854 In-place leases 473,016 487,150 Total buildings and improvements 9,281,267 8,920,951 Real estate 12,063,155 11,709,106 Accumulated depreciation and amortization (1) (2,717,114 ) (2,500,053 ) Total real estate, net $ 9,346,041 $ 9,209,053 |
Above and Below Market Lease Tenant Relationships Future Amortization Income Expense [Table Text Block] | 2021 2022 2023 2024 2025 Above-market and below-market leases amortization, net $ 12.1 $ 12.2 $ 11.3 $ 11.0 $ 11.2 In-place leases amortization $ (23.1 ) $ (17.8 ) $ (13.5 ) $ (10.3 ) $ (7.5 ) |
Note 3 - Property Acquisition_2
Note 3 - Property Acquisitions, Developments and Other Investments (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | Purchase Price Property Name Location Month Acquired Cash GLA* North Valley Parcel Peoria, AZ Feb-20 $ 7,073 9 Purchase Price Property Name Location Month Cash* Debt Other Total GLA Bell Camino Out-parcel Sun City, AZ Jan-19 $ 5,678 $ - $ - $ 5,678 45 Gateway at Donner Pass Out-parcel Truckee, CA Jan-19 13,527 - - 13,527 40 Rancho Penasquitos Out-parcel San Diego, CA Jan-19 12,064 - - 12,064 40 Linwood Square (1) Indianapolis, IN Dec-19 1,957 5,389 4,543 11,889 165 $ 33,226 $ 5,389 $ 4,543 $ 43,158 290 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | Allocation as of 2 0 Weighted- Average Useful (in Years) Allocation as of Weighted- Average Useful (in Years) Land $ 935 n/a $ 11,852 n/a Buildings 4,610 50.0 21,075 50.0 Building improvements 221 45.0 3,703 45.0 Tenant improvements 382 19.4 2,234 16.9 In-place leases 925 19.4 4,921 18.2 Above-market leases - n/a 203 9.0 Below-market leases - n/a (765 ) 12.0 Other assets - n/a 850 n/a Other liabilities - n/a (915 ) n/a Net assets acquired/consolidated $ 7,073 $ 43,158 |
Note 5 - Dispositions of Real_2
Note 5 - Dispositions of Real Estate (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Disposal Groups, Including Discontinued Operations [Table Text Block] | Year Ended December 31, 2020 2019 (1) 2018 Aggregate sales price/gross fair value $ 31.8 $ 344.7 $ 1,164.3 Gain on sale of properties/change in control of interests $ 6.5 $ 79.2 $ 229.8 Number of operating properties sold/deconsolidated 3 20 54 Number of parcels sold 4 9 7 |
Note 6 - Impairments (Tables)
Note 6 - Impairments (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Details of Impairment of Long-Lived Assets Held and Used by Asset [Table Text Block] | 20 20 201 9 201 8 Properties marketed for sale (1) $ 5.5 $ 12.5 $ 59.5 Properties disposed/deeded in lieu/foreclosed (2) 1.1 36.2 19.7 Total net impairment charges $ 6.6 $ 48.7 $ 79.2 |
Note 7 - Investments In and A_2
Note 7 - Investments In and Advances to Real Estate Joint Ventures (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Equity Method Investments [Table Text Block] | The Company's Investment Ownership December 31, Joint Venture Interest 2020 2019 Prudential Investment Program (1) (2) 15.0 % $ 175.1 $ 169.5 Kimco Income Opportunity Portfolio (āKIRā) (2) 48.6 % 177.4 175.0 Canada Pension Plan Investment Board (āCPPā) (2) 55.0 % 159.7 151.7 Other Joint Venture Programs Various 78.5 81.9 Total* $ 590.7 $ 578.1 |
Joint Venture Investments Accounted For Under The Equity Method Debt Details [Table Text Block] | December 31, 20 20 December 31, 201 9 Joint Venture Mortgages and Weighted Weighted Mortgages and , N et Weighted Weighted (months)* Prudential Investment Program $ 495.8 2.05 % 37.2 $ 538.1 3.46 % 46.8 KIR 536.9 3.87 % 25.3 556.0 4.39 % 28.4 CPP 84.9 3.25 % 30.0 84.8 3.25 % 42.0 Other Joint Venture Programs 423.4 3.41 % 86.7 415.2 3.87 % 80.9 Total $ 1,541.0 $ 1,594.1 |
Investments in and Advances to Affiliates [Table Text Block] | December 31, 2020 2019 Assets: Real estate, net $ 787.1 $ 788.7 Other assets 75.3 83.6 Total Assets $ 862.4 $ 872.3 Liabilities and Membersā Capital: Notes payable, net $ 91.5 $ - Mortgages payable, net 445.4 556.0 Other liabilities 17.4 16.3 Membersā capital 308.1 300.0 Total Liabilities and Members' Capital $ 862.4 $ 872.3 December 31, 2020 2019 Assets: Real estate, net $ 2,549.2 $ 2,596.9 Other assets 179.0 140.3 Total Assets $ 2,728.2 $ 2,737.2 Liabilities and Membersā Capital: Notes payable, net $ 199.8 $ 199.8 Mortgages payable, net 804.3 838.3 Other liabilities 53.6 59.5 Noncontrolling interests 18.3 17.7 Membersā capital 1,652.2 1,621.9 Total Liabilities and Members' Capital $ 2,728.2 $ 2,737.2 |
Schedule of Investments in and Advances to Affiliates, Schedule of Investments [Table Text Block] | Year Ended December 31, 2020 2019 2018 Revenues, net $ 173.9 $ 193.6 $ 197.2 Operating expenses (49.5 ) (51.0 ) (53.3 ) Depreciation and amortization (36.9 ) (38.0 ) (42.2 ) Gain on sale of properties - 32.2 13.5 Interest expense (23.8 ) (28.2 ) (33.3 ) Other expense, net (1.6 ) (1.1 ) (1.5 ) Net income $ 62.1 $ 107.5 $ 80.4 Year Ended December 31, 2020 2019 2018 Revenues, net $ 282.4 $ 317.6 $ 309.1 Operating expenses (101.9 ) (99.4 ) (92.8 ) Impairment charges (4.4 ) (39.5 ) (20.7 ) Depreciation and amortization (75.0 ) (76.9 ) (80.3 ) Gain on sale of properties 0.2 15.0 46.8 Interest expense (31.2 ) (47.1 ) (46.8 ) Other expense, net (10.8 ) (14.2 ) (2.9 ) Net income $ 59.3 $ 55.5 $ 112.4 |
Income [Member] | |
Notes Tables | |
Equity Method Investments [Table Text Block] | Year Ended December 31, 20 20 201 9 201 8 Prudential Investment Program (1) $ 9.0 $ 10.4 $ 15.2 KIR 30.5 50.3 38.7 CPP 5.6 5.8 5.1 Other Joint Venture Programs (2) 2.3 5.7 12.6 Total $ 47.4 $ 72.2 $ 71.6 |
Note 8 - Other Real Estate In_2
Note 8 - Other Real Estate Investments (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Real Estate Investment Financial Statements, Disclosure [Table Text Block] | December 31, 20 20 2019 Assets: Real estate, net $ 95.7 $ 91.6 Other assets 216.5 484.6 Total Assets $ 312.2 $ 576.2 Liabilities and Partnersā/Membersā Capital: Mortgages payable, net $ 146.7 $ 236.1 Other liabilities 4.5 2.6 Partnersā/Membersā capital 161.0 337.5 Total Liabilities and Partnersā/Members' Capital $ 312.2 $ 576.2 |
Preferred Equity Investments, Income Statement [Table Text Block] | Year Ended December 31, 2020 2019 2018 Revenues $ 44.6 $ 66.6 $ 77.0 Operating expenses (11.1 ) (16.0 ) (15.5 ) Depreciation and amortization (2.9 ) (3.2 ) (4.3 ) Gain on sale of properties 0.2 13.6 1.9 Interest expense (7.0 ) (11.9 ) (16.9 ) Other expense, net (4.0 ) (7.9 ) (8.2 ) Net income $ 19.8 $ 41.2 $ 34.0 |
Note 9 - Marketable Securities
Note 9 - Marketable Securities (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Marketable Securities [Table Text Block] | As of December 31 , 2020 As of December 31, 2019 Marketable securities: Amortized cost (1) $ 114,531 $ 12,064 Unrealized gains/(losses), net (1) 592,423 (2,711 ) Total fair value $ 706,954 $ 9,353 |
Note 10 - Variable Interest E_2
Note 10 - Variable Interest Entities ("VIE") (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Schedule of Variable Interest Entities [Table Text Block] | December 31, 20 20 December 31, 201 9 Number of unencumbered VIEs 19 19 Number of encumbered VIEs 3 4 Total number of consolidated VIEs 22 23 Restricted Assets: Real estate, net $ 97.7 $ 228.9 Cash and cash equivalents 1.8 9.2 Accounts and notes receivable, net 1.9 3.8 Other assets 1.1 3.6 Total Restricted Assets $ 102.5 $ 245.5 VIE Liabilities: Mortgages and construction loan payable, net $ 36.5 $ 104.5 Accounts payable and accrued expenses 5.2 7.1 Operating lease liabilities 5.5 5.6 Other liabilities 14.9 36.2 Total VIE Liabilities $ 62.1 $ 153.4 |
Note 11 - Leases (Tables)
Note 11 - Leases (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Operating Lease, Lease Income [Table Text Block] | Year Ended December 31, 2020 2019 Lease income: Fixed lease income (1) $ 804,107 $ 880,214 Variable lease income (2) 218,266 242,110 Above-market and below-market leases amortization, net 22,515 20,010 Total lease income (3) $ 1,044,888 $ 1,142,334 |
Lessor, Operating Lease, Payment to be Received, Fiscal Year Maturity [Table Text Block] | 202 1 202 2 202 3 202 4 202 5 Thereafter Minimum revenues $ 848.8 $ 741.0 $ 645.3 $ 549.9 $ 457.8 $ 2,403.3 |
Lease, Cost [Table Text Block] | Year Ended December 31, 2020 2019 Lease cost: Operating lease cost $ 10,371 12,630 Variable lease cost 2,852 2,038 Total lease cost $ 13,223 14,668 |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | Year Ending December 31, 2021 $ 11,209 2022 10,596 2023 10,623 2024 9,801 2025 9,285 Thereafter 128,795 Total minimum lease payments $ 180,309 Less imputed interest (83,690 ) Total operating lease liabilities $ 96,619 |
Note 12 - Other Assets (Tables)
Note 12 - Other Assets (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | 20 20 201 9 201 8 Balance at January 1, $ 7,829 $ 14,448 $ 21,838 Additions: New mortgage and other loans 25,500 3,750 14,825 Additions under existing mortgage loans - 48 - Foreign currency translation - - 116 Amortization of loan discounts - 33 125 Deductions: Loan repayments (25 ) (10,136 ) (21,012 ) Collections of principal (152 ) (313 ) (1,287 ) Charge off/foreign currency translation - - (155 ) Allowance for credit losses (906 ) - - Amortization of loan costs - (1 ) (2 ) Balance at December 31, $ 32,246 $ 7,829 $ 14,448 |
Note 13 - Notes Payable (Tables
Note 13 - Notes Payable (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Schedule of Debt [Table Text Block] | Date Paid Maturity Date Amount Repaid Interest Rate Jul-2020 & Aug-2020 (1) May-2021 $ 484.9 3.20 % |
Schedule of Debt Issuance [Table Text Block] | Date Issued Maturity Date Amount Issued Interest Rate Aug-2020 Mar-2028 $ 400.0 1.90 % Jul-2020 (1) Oct-2030 $ 500.0 2.70 % Aug-2019 Oct-2049 $ 350.0 3.70 % |
Notes Payable [Member] | |
Notes Tables | |
Schedule of Debt [Table Text Block] | Carrying Amount at December 31, Interest Rate at December 31, Maturity Date at 20 20 201 9 20 20 201 9 December 31, 20 20 Senior unsecured notes $ 5,100.0 $ 4,684.9 1.90% - 4.45 % 2.70% - 4.45 % Nov-2022ā Oct 2049 Credit facility - 200.0 (1 ) (2 ) Mar-2024 Deferred financing costs, net (3) (55.8 ) (53.1 ) n/a n/a n/a $ 5,044.2 $ 4,831.8 3.33%* 3.46%* |
Unsecured Debt [Member] | |
Notes Tables | |
Schedule of Maturities of Long-term Debt [Table Text Block] | 202 1 202 2 202 3 202 4 202 5 Thereafter Total Principal payments $ - $ 500.0 $ 350.0 $ 400.0 $ 500.0 $ 3,350.0 $ 5,100.0 |
Note 14 - Mortgages and Const_2
Note 14 - Mortgages and Construction Loan Payable (Tables) - Mortgages [Member] | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Schedule of Long-term Debt Instruments [Table Text Block] | Carrying Amount at December 31, Interest Rate at December 31, Maturity Date at 20 20 201 9 20 20 201 9 December 31, 20 20 Mortgages payable $ 308.4 $ 410.6 3.23% - 7.23 % 3.23% - 7.23 % Apr-2021 ā Apr-2028 Construction loan payable (1) - 67.0 n/a 3.56 % n/a Fair value debt adjustments, net 3.5 7.9 n/a n/a n/a Deferred financing costs, net (0.6 ) (1.5 ) n/a n/a n/a $ 311.3 $ 484.0 4.73%* 4.97%* |
Schedule of Maturities of Long-term Debt [Table Text Block] | 202 1 202 2 202 3 202 4 202 5 Thereafter Total Principal payments $ 144.9 $ 144.4 $ 15.1 $ 1.7 $ 0.6 $ 1.7 $ 308.4 |
Note 15 - Noncontrolling Inte_2
Note 15 - Noncontrolling Interests and Redeemable Noncontrolling Interests (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Convertible Non-convertible Units [Table Text Block] | Type Par Value Per Unit Number of Units Remaining Return Per Annum Class B-1 Preferred Units (1) $ 10,000 189 7.0% Class B-2 Preferred Units (2) $ 10,000 42 7.0% Class C DownReit Units (1) $ 30.52 52,797 Equal to the Companyās common stock dividend |
Redeemable Noncontrolling Interest [Table Text Block] | 20 20 201 9 Balance at January 1, $ 17,943 $ 23,682 Income 1,022 358 Distributions (1,021 ) (345 ) Redemption of redeemable units (1) - (5,752 ) Adjustment to estimated redemption value (2) (2,160 ) - Balance at December 31, $ 15,784 $ 17,943 |
Note 16 - Fair Value Disclosu_2
Note 16 - Fair Value Disclosure of Financial Instruments (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Fair Value, by Balance Sheet Grouping [Table Text Block] | December 31, 20 20 201 9 Carrying Amounts Estimated Fair Value Carrying Amounts Estimated Fair Value Notes payable, net (1) $ 5,044,208 $ 5,486,953 $ 4,831,759 $ 4,983,763 Mortgages and construction loan payable, net (2) $ 311,272 $ 312,933 $ 484,008 $ 486,042 |
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block] | Balance at December 31, 20 20 Level 1 Level 2 Level 3 Assets: Marketable equity securities $ 706,954 $ 706,954 $ - $ - Balance at December 31, 201 9 Level 1 Level 2 Level 3 Assets: Marketable equity securities $ 9,353 $ 9,353 $ - $ - Balance at December 31, 20 20 Level 1 Level 2 Level 3 Real estate $ 24,899 $ - $ - $ 24,899 Other real estate investments $ 5,464 $ - $ - $ 5,464 Balance at December 31, 201 9 Level 1 Level 2 Level 3 Real estate $ 39,510 $ - $ - $ 39,510 Other real estate investments $ 32,974 $ - $ - $ 32,974 |
Note 17 - Preferred Stock, Co_2
Note 17 - Preferred Stock, Common Stock and Convertible Unit Transactions (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Schedule of Stockholders Equity [Table Text Block] | As of December 31, 20 20 and 2019 Class of Preferred Stock Shares Authorized Shares Issued and Outstanding Liquidation Preference (in thousands) Dividend Rate Annual Dividend per Depositary Share Par Value Optional Redemption Date Class L 10,350 9,000 $ 225,000 5.125 % $ 1.28125 $ 1.00 8/16/2022 Class M 10,580 10,580 264,500 5.250 % $ 1.31250 $ 1.00 12/20/2022 19,580 $ 489,500 |
Dividends Declared [Table Text Block] | Year Ended December 31, 2020 2019 2018 Common Stock $ 0.54000 $ 1.12000 $ 1.12000 Class I Depositary Shares $ - $ 0.99583 $ 1.50000 Class J Depositary Shares $ - $ 1.37500 $ 1.37500 Class K Depositary Shares $ - $ 0.93359 $ 1.40625 Class L Depositary Shares $ 1.28125 $ 1.28125 $ 1.28125 Class M Depositary Shares $ 1.31250 $ 1.31250 $ 1.31250 |
Preferred Stock Redeemed [Member] | |
Notes Tables | |
Schedule of Stockholders Equity [Table Text Block] | Class of Preferred Stock Redemption Date Depositary Shares Redeemed Redemption Price per Depositary Share Redemption Amount (in millions) Redemption Charges (in millions) (1) Class J 12/31/2019 9,000,000 $ 25.00 $ 225.0 $ 7.1 Class I 9/14/2019 7,000,000 $ 25.00 $ 175.0 $ 5.5 Class K 9/14/2019 7,000,000 $ 25.00 $ 175.0 $ 5.9 |
Note 18 - Supplemental Schedu_2
Note 18 - Supplemental Schedule of Non-cash Investing / Financing Activities (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block] | 20 20 201 9 201 8 Acquisition of real estate interests through proceeds held in escrow $ - $ 36,076 $ - Proceeds deposited in escrow through sale of real estate interests $ - $ 5,106 $ 41,949 Disposition of real estate interests through the issuance of mortgage receivable $ - $ 3,750 $ 14,700 Disposition of real estate interests by a deed in lieu/foreclosure of debt $ - $ 3,892 $ 7,444 Forgiveness of debt due to a deed in lieu/foreclosure $ - $ 6,905 $ 12,415 Capital expenditures accrual $ 37,411 $ 65,900 $ 60,611 Surrender of restricted common stock $ 5,395 $ 4,030 $ 4,360 Declaration of dividends paid in succeeding period $ 5,366 $ 126,274 $ 130,262 (Decrease)/increase in redeemable noncontrolling interestsā carrying amount $ (2,160 ) $ - $ 7,521 Consolidation of Joint Ventures: Increase in real estate and other assets, net $ - $ 7,884 $ - Increase in mortgages payable, other liabilities and noncontrolling interests $ - $ 7,747 $ - Deconsolidation of Joint Ventures: Decrease in real estate and other assets $ - $ - $ 300,299 Increase in investments in and advances to real estate joint ventures $ - $ - $ 62,429 Decrease in mortgages and construction loan payable, other liabilities and noncontrolling interests $ - $ - $ 248,274 |
Note 21 - Incentive Plans (Tabl
Note 21 - Incentive Plans (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Share-based Payment Arrangement, Option, Activity [Table Text Block] | Shares Weighted-Average Exercise Price Per Share Aggregate Intrinsic V alue (in millions) Options outstanding, January 1, 2018 3,464,946 $ 27.81 $ - Exercised (42,259 ) $ 14.00 $ 0.1 Forfeited (1,781,321 ) $ 36.53 Options outstanding, December 31, 2018 1,641,366 $ 18.78 $ 0.4 Exercised (268,856 ) $ 14.43 $ 1.1 Forfeited (74,574 ) $ 20.24 Options outstanding, December 31, 2019 1,297,936 $ 19.60 $ 2.0 Exercised (63,365 ) $ 15.48 $ 0.2 Forfeited (72,250 ) $ 16.20 Options outstanding, December 31, 2020 1,162,321 $ 20.03 $ - Options exercisable (fully vested) - December 31, 2018 1,641,366 $ 18.78 $ 0.4 December 31, 2019 1,297,936 $ 19.60 $ 2.0 December 31, 2020 1,162,321 $ 20.03 $ - |
Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block] | 2020 2019 2018 Restricted stock outstanding as of January 1, 2,367,843 2,104,914 1,777,429 Granted (1) 820,150 884,170 1,100,590 Vested (784,120 ) (603,148 ) (751,201 ) Forfeited (9,048 ) (18,093 ) (21,904 ) Restricted stock outstanding as of December 31, 2,394,825 2,367,843 2,104,914 |
Share-based Payment Arrangement, Performance Shares, Outstanding Activity [Table Text Block] | 20 20 2019 201 8 Performance share awards outstanding as of January 1, 704,530 433,230 235,950 Granted (1) 506,720 407,080 297,450 Vested (2) (297,450 ) (135,780 ) (100,170 ) Performance share awards outstanding as of December 31, 913,800 704,530 433,230 |
Performance Shares [Member] | |
Notes Tables | |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | 2020 2019 2018 Stock price $ 18.93 $ 17.81 $ 14.99 Dividend yield (1) 0 % 0 % 0 % Risk-free rate 1.42 % 2.52 % 2.39 % Volatility (2) 24.67 % 24.55 % 22.90 % Term of the award (years) 2.88 2.88 2.85 |
Note 22 - Income Taxes (Tables)
Note 22 - Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Book to Tax Reconciliation [Table Text Block] | 20 20 201 9 201 8 (Estimated) ( Actual ) (Actual) GAAP net income attributable to the Company $ 1,000,833 $ 410,605 $ 497,795 GAAP net (income)/loss attributable to TRSs (960 ) 1,119 (2,436 ) GAAP net income from REIT operations (1) 999,873 411,724 495,359 Net book depreciation in excess of tax depreciation (61,272 ) 55,903 46,754 Capitalized leasing/legal commissions - - (15,268 ) Deferred/prepaid/above-market and below-market rents, net (16,891 ) (33,287 ) (23,466 ) Fair market value debt amortization (3,847 ) (4,510 ) (5,268 ) Book/tax differences from executive compensation (2) 10,388 6,026 5,460 Book/tax differences from non-qualified stock options (231 ) (1,121 ) (112 ) Book/tax differences from investments in and advances to real estate joint ventures 45,782 4,837 22,263 Book/tax differences from sale of properties (10,494 ) (13,830 ) (13,612 ) Book/tax differences from accounts receivable 45,175 1,573 1,636 Book adjustment to property carrying values and marketable equity securities (588,777 ) 37,709 59,866 Taxable currency exchange (loss)/gain, net (29 ) (33 ) 929 Tangible property regulation deduction (50,597 ) - (40,361 ) GAAP gain on change in control of joint venture interests - (137 ) (6,800 ) Dividends from TRSs 2 3,331 526 Severance accrual 6,425 (475 ) 913 Other book/tax differences, net (1,097 ) (3,946 ) (1,774 ) Adjusted REIT taxable income $ 374,410 $ 463,764 $ 527,045 |
Taxable Characteristics of Distributions Paid [Table Text Block] | 20 20 2019 201 8 Preferred I Dividends Ordinary income $ - - $ 7,389 77 % $ 5,565 53 % Capital gain - - 2,207 23 % 4,935 47 % $ - - $ 9,596 100 % $ 10,500 100 % Preferred J Dividends Ordinary income $ - - $ 11,541 77 % $ 6,559 53 % Capital gain - - 3,447 23 % 5,816 47 % $ - - $ 14,988 100 % $ 12,375 100 % Preferred K Dividends Ordinary income $ - - $ 6,927 77 % $ 5,217 53 % Capital gain - - 2,069 23 % 4,627 47 % $ - - $ 8,996 100 % $ 9,844 100 % Preferred L Dividends Ordinary income $ 4,382 38 % $ 8,879 77 % $ 6,111 53 % Capital gain 7,149 62 % 2,652 23 % 5,420 47 % $ 11,531 100 % $ 11,531 100 % $ 11,531 100 % Preferred M Dividends Ordinary income $ 5,277 38 % $ 10,692 77 % $ 6,031 53 % Capital gain 8,609 62 % 3,194 23 % 5,348 47 % $ 13,886 100 % $ 13,886 100 % $ 11,379 100 % Common Dividends Ordinary income $ 133,849 38 % $ 328,726 70 % $ 235,642 50 % Capital gain 214,863 61 % 98,618 21 % 212,077 45 % Return of capital 3,522 1 % 42,265 9 % 23,564 5 % $ 352,234 100 % $ 469,609 100 % $ 471,283 100 % Total dividends distributed for tax purposes $ 377,651 $ 528,606 $ 526,912 |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | 20 20 201 9 201 8 Income/(loss) before income taxes ā U.S. $ 1,051 $ (1,682 ) $ 4,331 (Provision)/benefit for income taxes, net: Federal: Current (482 ) 3,362 (1,221 ) Deferred 539 (349 ) (1,198 ) Federal tax benefit/(provision) 57 3,013 (2,419 ) State and local: Current (48 ) (26 ) (43 ) Deferred 34 (19 ) (414 ) State and local tax provision (14 ) (45 ) (457 ) Total tax benefit/(provision)ā U.S. 43 2,968 (2,876 ) Net income from U.S. TRSs $ 1,094 $ 1,286 $ 1,455 (Loss)/income before taxes ā Non-U.S. $ (64 ) $ (599 ) $ 2,384 Benefit/(provision) for Non-U.S. income taxes: Current $ 479 $ (69 ) $ 1,634 Deferred - 418 (358 ) Non-U.S. tax benefit $ 479 $ 349 $ 1,276 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | 2020 2019 2018 Federal (provision)/benefit at statutory tax rate (1) (2) $ (221 ) $ 3,010 $ (2,490 ) State and local provision, net of federal benefit (3) (4) (1,236 ) (42 ) (386 ) Total tax (provision)/benefit ā U.S. $ (1,457 ) $ 2,968 $ (2,876 ) |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | 2020 2019 Deferred tax assets: Tax/GAAP basis differences $ 29,105 $ 29,618 Net operating losses (1) 17,885 20,917 Tax credit carryforwards (2) 2,340 2,340 Capital loss carryforwards - 2,270 Related party deferred losses 619 619 Charitable contribution carryforwards 23 23 Valuation allowance (36,957 ) (42,703 ) Total deferred tax assets 13,015 13,084 Deferred tax liabilities (12,765 ) (12,844 ) Net deferred tax assets $ 250 $ 240 |
Note 23 - Earnings Per Share (T
Note 23 - Earnings Per Share (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | For the Year Ended December 31, 20 20 201 9 2018 Computation of Basic and Diluted Earnings Per Share: Net income available to the Company's common shareholders $ 975,417 $ 339,988 $ 439,604 Change in estimated redemption value of redeemable noncontrolling interests 2,160 - (7,521 ) Earnings attributable to participating securities (6,347 ) (2,599 ) (2,375 ) Net income available to the Companyās common shareholders for basic earnings per share 971,230 337,389 429,708 Distributions on convertible units 161 30 99 Net income available to the Companyās common shareholders for diluted earnings per share $ 971,391 $ 337,419 $ 429,807 Weighted average common shares outstanding ā basic 429,950 420,370 420,641 Effect of dilutive securities (1): Equity awards 1,475 1,365 628 Assumed conversion of convertible units 208 64 110 Weighted average common shares outstanding ā diluted 431,633 421,799 421,379 Net income available to the Company's common shareholders: Basic earnings per share $ 2.26 $ 0.80 $ 1.02 Diluted earnings per share $ 2.25 $ 0.80 $ 1.02 |
Note 24 - Supplemental Financ_2
Note 24 - Supplemental Financial Information (Unaudited) (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Quarterly Financial Information [Table Text Block] | 20 20 First Quarter Second Quarter Third Quarter Fourth Quarter Revenues $ 289,744 $ 238,916 $ 259,792 $ 269,441 Net income/(loss) attributable to the Company $ 90,100 $ 747,893 $ (38,394 ) $ 201,234 Net income/(loss) per common share: Basic $ 0.19 $ 1.71 $ (0.10 ) $ 0.46 Diluted $ 0.19 $ 1.71 $ (0.10 ) $ 0.45 2019 First Quarter Second Quarter Third Quarter Fourth Quarter Revenues $ 295,010 $ 284,873 $ 282,871 $ 296,130 Net income attributable to the Company $ 116,169 $ 101,027 $ 83,990 $ 109,419 Net income per common share: Basic $ 0.24 $ 0.20 $ 0.14 $ 0.22 Diluted $ 0.24 $ 0.20 $ 0.14 $ 0.22 |
Note 25 - Captive Insurance C_2
Note 25 - Captive Insurance Company (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Schedule of Unpaid Losses and Loss Adjustments [Table Text Block] | 20 20 201 9 Balance at the beginning of the year $ 15,664 $ 16,130 Incurred related to: Current year 3,693 5,331 Prior years (179 ) (1,948 ) Total incurred 3,514 3,383 Paid related to: Current year (450 ) (256 ) Prior years (4,986 ) (3,593 ) Total paid (5,436 ) (3,849 ) Balance at the end of the year $ 13,742 $ 15,664 |
Schedule II - Valuation and Q_2
Schedule II - Valuation and Qualifying Accounts (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Summary of Valuation Allowance [Table Text Block] | Balance at beginning of period Charged to expenses Adjustments to valuation accounts Deductions Balance at end of period Year Ended December 31, 2020 Allowance for uncollectable accounts (1) $ - $ 22,377 $ - $ - $ 22,377 Allowance for deferred tax asset $ 42,703 $ - $ (5,746 ) $ - $ 36,957 Year Ended December 31, 2019 Allowance for deferred tax asset $ 45,413 $ - $ (2,710 ) $ - $ 42,703 Year Ended December 31, 2018 Allowance for uncollectable accounts (1) $ 17,066 $ 9,254 $ - $ (5,882 ) $ 20,438 Allowance for deferred tax asset $ 54,155 $ - $ (8,742 ) $ - $ 45,413 |
Schedule III - Real Estate an_2
Schedule III - Real Estate and Accumulated Depreciation (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Schedule of Real Estate Properties [Table Text Block] | INITIAL COST COST DESCRIPTION State LAND BUILDING AND IMPROVEMENTS CAPITALIZED SUBSEQUENT TO ACQUISITION (1) LAND BUILDING AND IMPROVEMENTS TOTAL ACCUMULATED DEPRECIATION TOTAL COST, NET OF ACCUMULATED DEPRECIATION ENCUMBRANCES (2) DATE OF ACQUISITION(A) CONSTRUCTION(C) SHOPPING CENTERS MESA RIVERVIEW AZ $ 15,000,000 $ - $ 141,972,408 $ 307,992 $ 156,664,416 $ 156,972,408 $ 68,633,902 $ 88,338,506 $ - 2005(C) METRO SQUARE AZ 4,101,017 16,410,632 2,314,745 4,101,017 18,725,377 22,826,394 10,470,777 12,355,617 - 1998(A) PLAZA DEL SOL AZ 5,324,501 21,269,943 1,737,972 4,577,869 23,754,547 28,332,416 10,370,222 17,962,194 - 1998(A) PLAZA AT MOUNTAINSIDE AZ 2,450,341 9,802,046 2,579,807 2,450,341 12,381,853 14,832,194 7,419,681 7,412,513 - 1997(A) VILLAGE CROSSROADS AZ 5,662,554 24,981,223 1,462,414 5,662,554 26,443,637 32,106,191 7,107,669 24,998,522 - 2011(A) NORTH VALLEY AZ 6,861,564 18,200,901 14,138,211 4,795,887 34,404,789 39,200,676 6,409,375 32,791,301 - 2011(A) CHRISTOWN SPECTRUM AZ 33,831,348 91,004,070 15,484,366 76,638,511 63,681,273 140,319,784 16,572,377 123,747,407 - 2015(A) BELL CAMINO CENTER AZ 2,427,465 6,439,065 743,337 2,427,465 7,182,402 9,609,867 2,395,920 7,213,947 - 2012(A) BELL CAMINO-SAFEWAY PARCEL AZ 1,104,233 4,574,035 - 1,104,233 4,574,035 5,678,268 266,612 5,411,656 - 2019(A) COLLEGE PARK SHOPPING CENTER AZ 3,276,951 7,741,323 1,254,123 3,276,951 8,995,446 12,272,397 3,107,501 9,164,896 - 2011(A) COSTCO PLAZA - 541 CA 4,995,639 19,982,557 635,604 4,995,639 20,618,161 25,613,800 12,120,321 13,493,479 - 1998(A) BROOKHURST CENTER CA 10,492,714 31,357,512 3,715,948 22,299,852 23,266,322 45,566,174 4,959,573 40,606,601 - 2016(A) LAKEWOOD PLAZA CA 1,294,176 3,669,266 (3,460,895 ) - 1,502,547 1,502,547 808,624 693,923 - 2014(A) MADISON PLAZA CA 5,874,396 23,476,190 2,952,818 5,874,396 26,429,008 32,303,404 13,814,083 18,489,321 - 1998(A) CORONA HILLS PLAZA CA 13,360,965 53,373,453 11,403,307 13,360,965 64,776,760 78,137,725 38,081,116 40,056,609 - 1998(A) 280 METRO CENTER CA 38,734,566 94,903,403 (592,830 ) 38,734,566 94,310,573 133,045,139 15,257,750 117,787,389 - 2015(A) LABAND VILLAGE SHOPPING CENTER CA 5,600,000 13,289,347 (779,122 ) 5,607,237 12,502,988 18,110,225 6,680,205 11,430,020 - 2008(A) CUPERTINO VILLAGE CA 19,886,099 46,534,919 27,016,568 19,886,099 73,551,487 93,437,586 23,685,282 69,752,304 - 2006(A) NORTH COUNTY PLAZA CA 10,205,305 28,934,219 (573,812 ) 20,894,811 17,670,901 38,565,712 4,321,014 34,244,698 - 2014(A) CHICO CROSSROADS CA 9,975,810 30,534,524 (5,299,139 ) 7,904,664 27,306,531 35,211,195 11,082,448 24,128,747 - 2008(A) CREEKSIDE CENTER CA 3,870,823 11,562,580 93,113 5,154,061 10,372,455 15,526,516 1,756,296 13,770,220 - 2016(A) LA MIRADA THEATRE CENTER CA 8,816,741 35,259,965 (524,191 ) 6,888,680 36,663,835 43,552,515 19,965,688 23,586,827 - 1998(A) KENNETH HAHN PLAZA CA 4,114,863 7,660,855 (1,485,684 ) - 10,290,034 10,290,034 3,960,027 6,330,007 - 2010(A) LA VERNE TOWN CENTER CA 8,414,328 23,856,418 12,419,259 16,362,169 28,327,836 44,690,005 6,265,348 38,424,657 - 2014(A) LINCOLN HILLS TOWN CENTER CA 8,228,587 26,127,322 517,347 8,228,587 26,644,669 34,873,256 5,834,151 29,039,105 - 2015(A) NOVATO FAIR S.C. CA 9,259,778 15,599,790 1,111,086 9,259,778 16,710,876 25,970,654 7,080,576 18,890,078 - 2009(A) SOUTH NAPA MARKET PLACE CA 1,100,000 22,159,086 21,176,771 23,119,071 21,316,786 44,435,857 13,153,433 31,282,424 - 2006(A) PLAZA DI NORTHRIDGE CA 12,900,000 40,574,842 1,577,797 12,900,000 42,152,639 55,052,639 16,379,505 38,673,134 - 2005(A) LINDA MAR SHOPPING CENTER CA 16,548,592 37,521,194 4,485,646 16,548,592 42,006,840 58,555,432 10,108,349 48,447,083 - 2014(A) POWAY CITY CENTRE CA 5,854,585 13,792,470 9,147,403 7,247,814 21,546,644 28,794,458 10,081,446 18,713,012 - 2005(A) REDWOOD CITY PLAZA CA 2,552,000 6,215,168 5,960,677 2,552,000 12,175,845 14,727,845 2,603,714 12,124,131 - 2009(A) STANFORD RANCH CA 10,583,764 30,007,231 2,838,540 9,982,626 33,446,909 43,429,535 6,092,715 37,336,820 - 2014(A) CROCKER RANCH CA 7,526,146 24,877,611 109,359 7,526,146 24,986,970 32,513,116 4,657,462 27,855,654 - 2015(A) HOME DEPOT PLAZA CA 4,592,364 18,345,257 - 4,592,364 18,345,257 22,937,621 10,785,790 12,151,831 - 1998(A) SANTEE TROLLEY SQUARE CA 40,208,683 62,963,757 162,067 40,208,683 63,125,824 103,334,507 19,336,901 83,997,606 - 2015(A) SAN DIEGO CARMEL MOUNTAIN CA 5,322,600 8,873,991 249,367 5,322,600 9,123,358 14,445,958 2,878,796 11,567,162 - 2009(A) FULTON MARKET PLACE CA 2,966,018 6,920,710 16,341,782 6,279,753 19,948,757 26,228,510 5,045,869 21,182,641 - 2005(A) BLACK MOUNTAIN VILLAGE CA 4,678,015 11,913,344 1,025,682 4,678,015 12,939,026 17,617,041 5,368,087 12,248,954 - 2007(A) RANCHO PENASQUITOS TOWNE CTR I CA 14,851,595 20,342,165 749,219 14,851,595 21,091,384 35,942,979 4,071,392 31,871,587 12,300,999 2015(A) RANCHO PENASQUITOS-VONS PROP. CA 2,917,963 9,145,905 - 2,917,963 9,145,905 12,063,868 496,491 11,567,377 - 2019(A) RANCHO PENASQUITOS TWN CTR II CA 12,944,972 20,323,961 879,910 12,944,972 21,203,871 34,148,843 4,061,510 30,087,333 9,439,412 2015(A) CITY HEIGHTS CA 10,687,472 28,324,896 (660,448 ) 13,908,563 24,443,357 38,351,920 5,194,029 33,157,891 - 2012(A) TRUCKEE CROSSROADS CA 2,140,000 28,324,896 (18,568,797 ) 2,140,000 9,756,099 11,896,099 6,079,361 5,816,738 1,174,985 2006(A) GATEWAY AT DONNER PASS CA 4,515,688 8,318,667 14,159,803 8,759,279 18,234,879 26,994,158 2,455,571 24,538,587 - 2015(A) WESTLAKE SHOPPING CENTER CA 16,174,307 64,818,562 108,227,850 16,174,307 173,046,412 189,220,719 64,977,407 124,243,312 - 2002(A) LAKEWOOD VILLAGE CA 8,597,100 24,374,615 (737,945 ) 11,683,364 20,550,406 32,233,770 5,342,946 26,890,824 - 2014(A) WHITTWOOD TOWN CENTER CA 57,135,695 105,814,560 2,701,687 57,138,906 108,513,036 165,651,942 17,050,427 148,601,515 - 2017(A) VILLAGE ON THE PARK CO 2,194,463 8,885,987 19,579,292 3,018,391 27,641,351 30,659,742 6,989,480 23,670,262 - 1998(A) QUINCY PLACE S.C. CO 1,148,317 4,608,249 2,477,122 1,148,317 7,085,371 8,233,688 4,047,202 4,186,486 - 1998(A) EAST BANK S.C. CO 1,500,568 6,180,103 4,172,042 1,500,568 10,352,145 11,852,713 4,249,543 7,603,170 - 1998(A) NORTHRIDGE SHOPPING CENTER CO 4,932,690 16,496,175 2,580,342 8,934,385 15,074,822 24,009,207 3,409,543 20,599,664 - 2013(A) DENVER WEST 38TH STREET CO 161,167 646,983 537,408 161,167 1,184,391 1,345,558 439,311 906,247 - 1998(A) ENGLEWOOD PLAZA CO 805,837 3,232,650 847,870 805,837 4,080,520 4,886,357 2,301,980 2,584,377 - 1998(A) GREELEY COMMONS CO 3,313,095 20,069,559 988,236 3,313,095 21,057,795 24,370,890 5,653,339 18,717,551 - 2012(A) HIGHLANDS RANCH VILLAGE S.C. CO 8,135,427 21,579,936 979,317 5,337,081 25,357,599 30,694,680 5,667,515 25,027,165 - 2011(A) VILLAGE CENTER WEST CO 2,010,519 8,361,084 732,679 2,010,519 9,093,763 11,104,282 2,042,056 9,062,226 - 2011(A) HIGHLANDS RANCH II CO 3,514,837 11,755,916 1,092,200 3,514,837 12,848,116 16,362,953 3,628,295 12,734,658 - 2013(A) VILLAGE CENTER - HIGHLAND RANCH CO 1,140,000 2,660,000 283,724 1,140,000 2,943,724 4,083,724 503,051 3,580,673 - 2014(A) HERITAGE WEST S.C. CO 1,526,576 6,124,074 2,561,187 1,526,576 8,685,261 10,211,837 4,442,899 5,768,938 - 1998(A) MARKET AT SOUTHPARK CO 9,782,769 20,779,522 4,039,213 9,782,769 24,818,735 34,601,504 5,964,950 28,636,554 - 2011(A) NEWTOWN S.C. CT - 15,635,442 422,382 - 16,057,824 16,057,824 2,863,894 13,193,930 7,092,420 2014(A) WEST FARM SHOPPING CENTER CT 5,805,969 23,348,024 18,635,677 7,585,116 40,204,554 47,789,670 18,936,585 28,853,085 - 1998(A) HAMDEN MART CT 13,668,167 40,890,166 6,186,421 14,225,573 46,519,181 60,744,754 9,347,255 51,397,499 18,702,173 2016(A) HOME DEPOT PLAZA CT 7,704,968 30,797,640 3,735,630 7,704,968 34,533,270 42,238,238 18,353,747 23,884,491 - 1998(A) WILTON RIVER PARK SHOPPING CTR CT 7,154,585 27,509,279 463,679 7,154,584 27,972,959 35,127,543 6,339,046 28,788,497 - 2012(A) BRIGHT HORIZONS CT 1,211,748 4,610,610 82,937 1,211,748 4,693,547 5,905,295 1,319,102 4,586,193 - 2012(A) WILTON CAMPUS CT 10,168,872 31,893,016 2,519,298 10,168,872 34,412,314 44,581,186 9,509,306 35,071,880 - 2013(A) CAMDEN SQUARE DE 122,741 66,738 4,706,775 3,024,375 1,871,879 4,896,254 258,544 4,637,710 - 2003(A) PROMENADE AT CHRISTIANA DE 14,371,686 - 5,572,067 8,340,000 11,603,753 19,943,753 368,010 19,575,743 - 2014(C) BRANDYWINE COMMONS DE - 36,057,487 (936,597 ) - 35,120,890 35,120,890 7,205,034 27,915,856 - 2014(A) CAMINO SQUARE FL 573,875 2,295,501 4,082,742 733,875 6,218,243 6,952,118 3,872,616 3,079,502 - 1992(A) CORAL SQUARE PROMENADE FL 710,000 2,842,907 4,136,076 710,000 6,978,983 7,688,983 4,459,575 3,229,408 - 1994(A) MAPLEWOOD PLAZA FL 1,649,000 6,626,301 1,705,947 1,649,000 8,332,248 9,981,248 4,674,375 5,306,873 - 1997(A) CURLEW CROSSING SHOPPING CTR FL 5,315,955 12,529,467 2,813,703 5,315,955 15,343,170 20,659,125 7,039,766 13,619,359 - 2005(A) SHOPS AT SANTA BARBARA PHASE 1 FL 743,463 5,373,994 228,008 743,463 5,602,002 6,345,465 1,069,668 5,275,797 - 2015(A) SHOPS AT SANTA BARBARA PHASE 2 FL 331,692 2,488,832 1,192 331,692 2,490,024 2,821,716 532,753 2,288,963 - 2015(A) SHOPS AT SANTA BARBARA PHASE 3 FL 329,726 2,358,700 42,155 329,726 2,400,855 2,730,581 454,553 2,276,028 - 2015(A) CORAL POINTE S.C. FL 2,411,608 20,507,735 569,441 2,411,608 21,077,176 23,488,784 4,003,288 19,485,496 - 2015(A) DANIA POINTE FL 105,113,024 - 31,723,302 26,093,655 110,742,671 136,836,326 4,664,445 132,171,881 - 2016(C) DANIA POINTE - PHASE II (3) FL - - 247,984,913 26,550,097 221,434,816 247,984,913 1,892,669 246,092,244 - 2016(C) FT. LAUDERDALE/CYPRESS CREEK FL 14,258,760 28,042,390 3,939,979 14,258,760 31,982,369 46,241,129 11,727,431 34,513,698 - 2009(A) HOMESTEAD-WACHTEL LAND LEASE FL 150,000 - - 150,000 - 150,000 - 150,000 - 2013(A) OAKWOOD PLAZA NORTH FL 35,300,961 141,731,019 (1,370,766 ) 35,300,961 140,360,253 175,661,214 20,355,563 155,305,651 - 2016(A) OAKWOOD PLAZA SOUTH FL 11,126,609 40,592,103 (246,505 ) 11,126,609 40,345,598 51,472,207 6,611,972 44,860,235 - 2016(A) OAKWOOD BUSINESS CTR-BLDG 1 FL 6,792,500 18,662,565 3,551,354 6,792,500 22,213,919 29,006,419 7,714,837 21,291,582 - 2009(A) KIMCO AVENUES WALK, LLC FL 26,984,546 - (26,984,546 ) - - - - - - 2005(C) AVENUES WALK FL 8,169,933 20,173,468 (23,528,330 ) 1,724,923 3,090,148 4,815,071 840,654 3,974,417 - 2005(A) RIVERPLACE SHOPPING CTR. FL 7,503,282 31,011,027 1,814,464 7,200,050 33,128,723 40,328,773 11,232,617 29,096,156 - 2010(A) MERCHANTS WALK FL 2,580,816 10,366,090 7,368,336 2,580,816 17,734,426 20,315,242 10,728,462 9,586,780 - 2001(A) CENTER AT MISSOURI AVENUE FL 293,686 792,119 7,118,160 293,686 7,910,279 8,203,965 2,300,235 5,903,730 - 1968(C) TRI-CITY PLAZA FL 2,832,296 11,329,185 22,339,491 2,832,296 33,668,676 36,500,972 6,588,438 29,912,534 - 1992(A) FT LAUDERDALE #1, FL FL 1,002,733 2,602,415 16,317,140 1,774,443 18,147,845 19,922,288 11,145,558 8,776,730 - 1974(C) NASA PLAZA FL - 1,754,000 4,213,164 - 5,967,164 5,967,164 4,209,825 1,757,339 - 1968(C) GROVE GATE S.C. FL 365,893 1,049,172 792,700 365,893 1,841,872 2,207,765 1,635,124 572,641 - 1968(C) CHEVRON OUTPARCEL FL 530,570 1,253,410 - 530,570 1,253,410 1,783,980 421,710 1,362,270 - 2010(A) IVES DAIRY CROSSING FL 732,914 4,080,460 11,492,230 720,852 15,584,752 16,305,604 10,440,914 5,864,690 - 1985(A) MILLER ROAD S.C. FL 1,138,082 4,552,327 4,674,664 1,138,082 9,226,991 10,365,073 6,228,031 4,137,042 - 1986(A) KENDALE LAKES PLAZA FL 18,491,461 28,496,001 (879,918 ) 15,362,227 30,745,317 46,107,544 9,463,083 36,644,461 - 2009(A) MILLER WEST PLAZA FL 6,725,660 10,661,419 306,630 6,725,660 10,968,049 17,693,709 2,134,901 15,558,808 - 2015(A) CORSICA SQUARE S.C. FL 7,225,100 10,757,386 230,745 7,225,100 10,988,131 18,213,231 2,240,758 15,972,473 - 2015(A) FLAGLER PARK FL 26,162,980 80,737,041 5,928,731 26,725,480 86,103,272 112,828,752 28,361,884 84,466,868 - 2007(A) PARK HILL PLAZA FL 10,763,612 19,264,248 582,539 10,763,612 19,846,787 30,610,399 5,515,131 25,095,268 - 2011(A) WINN DIXIE-MIAMI FL 2,989,640 9,410,360 (39,311 ) 3,544,297 8,816,392 12,360,689 1,555,631 10,805,058 - 2013(A) MARATHON SHOPPING CENTER FL 2,412,929 8,069,450 1,718,812 1,514,731 10,686,460 12,201,191 2,354,222 9,846,969 - 2013(A) SODO S.C. FL - 68,139,271 5,164,765 142,195 73,161,841 73,304,036 22,173,175 51,130,861 - 2008(A) RENAISSANCE CENTER FL 9,104,379 36,540,873 14,592,305 9,122,758 51,114,799 60,237,557 22,646,257 37,591,300 - 1998(A) MILLENIA PLAZA PHASE II FL 7,711,000 20,702,992 4,039,168 7,698,200 24,754,960 32,453,160 9,874,781 22,578,379 - 2009(A) RIVERSIDE LANDINGS S.C. FL 3,512,202 14,439,668 213,561 3,512,202 14,653,229 18,165,431 2,763,566 15,401,865 - 2015(A) GRAND OAKS VILLAGE FL 7,409,319 19,653,869 (297,561 ) 5,846,339 20,919,288 26,765,627 5,083,559 21,682,068 - 2011(A) PLANTATION CROSSING FL 2,782,030 8,077,260 2,640,749 2,782,030 10,718,009 13,500,039 1,373,969 12,126,070 - 2017(A) POMPANO POINTE S.C. FL 10,516,500 14,355,836 621,788 10,516,500 14,977,624 25,494,124 1,977,772 23,516,352 - 2012(A) UNIVERSITY TOWN CENTER FL 5,515,265 13,041,400 586,635 5,515,265 13,628,035 19,143,300 4,111,906 15,031,394 - 2011(A) OAK TREE PLAZA FL - 917,360 2,363,288 - 3,280,648 3,280,648 2,595,366 685,282 - 1968(C) TUTTLEBEE PLAZA FL 254,961 828,465 2,411,902 254,961 3,240,367 3,495,328 2,144,975 1,350,353 - 2008(A) SOUTH MIAMI S.C. FL 1,280,440 5,133,825 4,104,074 1,280,440 9,237,899 10,518,339 5,287,907 5,230,432 - 1995(A) CARROLLWOOD COMMONS FL 5,220,445 16,884,228 3,667,030 5,220,445 20,551,258 25,771,703 11,262,828 14,508,875 - 1997(A) VILLAGE COMMONS SHOPPING CENTER FL 2,192,331 8,774,158 5,296,264 2,192,331 14,070,422 16,262,753 7,186,002 9,076,751 - 1998(A) MISSION BELL SHOPPING CENTER FL 5,056,426 11,843,119 8,691,083 5,067,033 20,523,595 25,590,628 8,085,673 17,504,955 - 2004(A) VILLAGE COMMONS S.C. FL 2,026,423 5,106,476 2,055,527 2,026,423 7,162,003 9,188,426 1,937,635 7,250,791 - 2013(A) BELMART PLAZA FL 1,656,097 3,394,420 5,706,042 1,656,097 9,100,462 10,756,559 1,459,253 9,297,306 - 2014(A) MARKET AT HAYNES BRIDGE GA 4,880,659 21,549,424 1,704,882 4,889,863 23,245,102 28,134,965 8,683,617 19,451,348 - 2008(A) EMBRY VILLAGE GA 18,147,054 33,009,514 4,019,275 18,160,525 37,015,318 55,175,843 23,875,485 31,300,358 - 2008(A) PERIMETER EXPO PROPERTY GA 14,770,275 44,295,457 2,599,355 16,142,152 45,522,935 61,665,087 7,403,344 54,261,743 - 2016(A) RIVERWALK MARKETPLACE GA 3,512,202 18,862,571 148,516 3,512,202 19,011,087 22,523,289 2,917,737 19,605,552 - 2015(A) LAWRENCEVILLE MARKET GA 8,878,266 29,691,191 622,527 9,060,436 30,131,548 39,191,984 7,787,394 31,404,590 - 2013(A) BRAELINN VILLAGE GA 7,314,719 20,738,792 (640,739 ) 3,731,347 23,681,425 27,412,772 4,671,502 22,741,270 - 2014(A) SAVANNAH CENTER GA 2,052,270 8,232,978 5,113,919 2,052,270 13,346,897 15,399,167 8,141,518 7,257,649 - 1993(A) CHATHAM PLAZA GA 13,390,238 35,115,882 1,800,894 13,403,262 36,903,752 50,307,014 14,226,534 36,080,480 - 2008(A) CLIVE PLAZA IA 500,525 2,002,101 - 500,525 2,002,101 2,502,626 1,279,120 1,223,506 - 1996(A) PLAZA DEL PRADO IL 10,203,960 28,409,786 1,939,277 10,203,960 30,349,063 40,553,023 5,309,044 35,243,979 - 2017(A) SKOKIE POINTE IL - 2,276,360 9,726,150 2,628,440 9,374,070 12,002,510 4,664,817 7,337,693 - 1997(A) HAWTHORN HILLS SQUARE IL 6,783,928 33,033,624 3,162,458 6,783,928 36,196,082 42,980,010 10,739,688 32,240,322 - 2012(A) LINWOOD SQUARE IN 3,411,037 8,686,773 521,823 3,411,037 9,208,596 12,619,633 352,898 12,266,735 5,092,103 2019(A) GREENWOOD S.C. IN 423,371 1,883,421 20,568,420 1,640,748 21,234,464 22,875,212 4,329,891 18,545,321 - 1970(C) ABINGTON PLAZA MA 10,457,183 494,652 - 10,457,183 494,652 10,951,835 223,572 10,728,263 3,765,696 2014(A) WASHINGTON ST. PLAZA MA 11,007,593 5,652,368 9,672,304 12,957,593 13,374,672 26,332,265 3,294,086 23,038,179 5,154,370 2014(A) MEMORIAL PLAZA MA 16,411,388 27,553,908 997,520 16,411,388 28,551,428 44,962,816 5,181,269 39,781,547 14,213,412 2014(A) MAIN ST. PLAZA MA 555,898 2,139,494 - 555,898 2,139,494 2,695,392 538,443 2,156,949 1,160,478 2014(A) MORRISSEY PLAZA MA 4,097,251 3,751,068 (695,389 ) 4,097,251 3,055,679 7,152,930 384,484 6,768,446 2,658,847 2014(A) GLENDALE SQUARE MA 4,698,891 7,141,090 309,805 4,698,891 7,450,895 12,149,786 1,717,907 10,431,879 4,921,462 2014(A) FALMOUTH PLAZA MA 2,361,071 13,065,817 1,520,888 2,361,071 14,586,705 16,947,776 2,866,682 14,081,094 6,925,506 2014(A) WAVERLY PLAZA MA 1,215,005 3,622,911 321,467 1,203,205 3,956,178 5,159,383 930,755 4,228,628 1,955,997 2014(A) FESTIVAL OF HYANNIS S.C. MA 15,038,197 40,682,853 1,846,621 15,038,197 42,529,474 57,567,671 9,845,267 47,722,404 - 2014(A) FELLSWAY PLAZA MA 5,300,388 11,013,543 829,830 5,300,388 11,843,373 17,143,761 2,042,477 15,101,284 5,875,685 2014(A) NORTH QUINCY PLAZA MA 6,332,542 17,954,110 (274,381 ) 3,894,436 20,117,835 24,012,271 3,635,148 20,377,123 - 2014(A) ADAMS PLAZA MA 2,089,363 3,226,648 12,409 2,089,363 3,239,057 5,328,420 720,682 4,607,738 1,630,349 2014(A) BROADWAY PLAZA MA 6,485,065 343,422 - 6,485,065 343,422 6,828,487 168,551 6,659,936 2,502,014 2014(A) VINNIN SQUARE PLAZA MA 5,545,425 16,324,060 260,662 5,545,425 16,584,722 22,130,147 4,292,574 17,837,573 7,741,985 2014(A) PARADISE PLAZA MA 4,183,038 12,194,885 1,709,987 4,183,038 13,904,872 18,087,910 3,349,943 14,737,967 7,482,010 2014(A) BELMONT PLAZA MA 11,104,983 848,844 - 11,104,983 848,844 11,953,827 280,609 11,673,218 4,420,480 2014(A) VINNIN SQUARE IN-LINE MA 582,228 2,094,560 (77,429 ) 582,228 2,017,131 2,599,359 331,833 2,267,526 - 2014(A) LINDEN PLAZA MA 4,628,215 3,535,431 587,609 4,628,215 4,123,040 8,751,255 1,367,574 7,383,681 3,073,854 2014(A) NORTH AVE. PLAZA MA 1,163,875 1,194,673 23,933 1,163,875 1,218,606 2,382,481 374,350 2,008,131 782,152 2014(A) WASHINGTON ST. S.C. MA 7,380,918 9,987,119 2,095,754 7,380,918 12,082,873 19,463,791 2,364,023 17,099,768 5,305,390 2014(A) MILL ST. PLAZA MA 4,195,024 6,203,410 770,252 4,195,024 6,973,662 11,168,686 1,589,436 9,579,250 3,469,130 2014(A) FULLERTON PLAZA MD 14,237,901 6,743,980 10,130,358 14,237,901 16,874,338 31,112,239 2,474,848 28,637,391 - 2014(A) GREENBRIER S.C. MD 8,891,468 30,304,760 701,346 8,891,468 31,006,106 39,897,574 5,857,157 34,040,417 - 2014(A) INGLESIDE S.C. MD 10,416,726 17,889,235 509,491 10,416,726 18,398,726 28,815,452 4,046,004 24,769,448 - 2014(A) WILKENS BELTWAY PLAZA MD 9,948,235 22,125,942 1,851,406 9,948,235 23,977,348 33,925,583 4,457,688 29,467,895 - 2014(A) YORK ROAD PLAZA MD 4,276,715 37,205,757 114,563 4,276,715 37,320,320 41,597,035 6,484,982 35,112,053 - 2014(A) PUTTY HILL PLAZA MD 4,192,152 11,112,111 733,222 4,192,152 11,845,333 16,037,485 3,547,695 12,489,790 - 2013(A) SNOWDEN SQUARE S.C. MD 1,929,402 4,557,934 5,155,349 3,326,422 8,316,263 11,642,685 2,231,141 9,411,544 - 2012(A) COLUMBIA CROSSING MD 3,612,550 34,344,509 1,787,039 3,612,550 36,131,548 39,744,098 5,834,713 33,909,385 - 2015(A) DORSEY'S SEARCH VILLAGE CENTER MD 6,321,963 27,996,087 611,622 6,321,963 28,607,709 34,929,672 4,639,954 30,289,718 - 2015(A) HICKORY RIDGE MD 7,183,646 26,947,776 914,701 7,183,646 27,862,477 35,046,123 4,640,497 30,405,626 - 2015(A) HICKORY RIDGE (SUNOCO) MD 543,197 2,122,234 - 543,197 2,122,234 2,665,431 451,540 2,213,891 - 2015(A) KINGS CONTRIVANCE MD 9,308,349 31,759,940 1,178,679 9,308,349 32,938,619 42,246,968 6,798,215 35,448,753 - 2014(A) HARPER'S CHOICE MD 8,429,284 18,373,994 1,589,307 8,429,284 19,963,301 28,392,585 3,687,980 24,704,605 - 2015(A) WILDE LAKE MD 1,468,038 5,869,862 26,647,784 2,577,073 31,408,611 33,985,684 11,231,674 22,754,010 - 2002(A) RIVERHILL VILLAGE CENTER MD 16,825,496 23,282,222 349,435 16,825,496 23,631,657 40,457,153 5,600,696 34,856,457 - 2014(A) COLUMBIA CROSSING OUTPARCELS MD 1,279,200 2,870,800 20,602,841 6,147,248 18,605,593 24,752,841 4,414,835 20,338,006 - 2011(A) COLUMBIA CROSSING II SHOP.CTR. MD 3,137,628 19,868,075 4,766,798 3,137,628 24,634,873 27,772,501 4,338,021 23,434,480 - 2013(A) SHOPS AT DISTRICT HEIGHTS MD 8,165,638 21,970,661 (1,325,546 ) 7,298,215 21,512,538 28,810,753 3,210,633 25,600,120 12,338,092 2015(A) ENCHANTED FOREST S.C. MD 20,123,946 34,345,102 888,894 20,123,946 35,233,996 55,357,942 7,250,636 48,107,306 - 2014(A) SHOPPES AT EASTON MD 6,523,713 16,402,204 (2,771,003 ) 5,630,344 14,524,570 20,154,914 3,284,581 16,870,333 - 2014(A) VILLAGES AT URBANA MD 3,190,074 6,067 20,089,141 4,828,774 18,456,508 23,285,282 3,028,180 20,257,102 - 2003(A) GAITHERSBURG S.C. MD 244,890 6,787,534 1,752,884 244,890 8,540,418 8,785,308 4,419,147 4,366,161 - 1999(A) KENTLANDS MARKET SQUARE MD 20,167,048 84,615,052 16,531,901 20,167,048 101,146,953 121,314,001 12,019,870 109,294,131 30,173,767 2016(A) SHAWAN PLAZA MD 4,466,000 20,222,367 55,327 4,466,000 20,277,694 24,743,694 12,607,792 12,135,902 - 2008(A) LAUREL PLAZA MD 349,562 1,398,250 6,143,718 1,571,288 6,320,242 7,891,530 2,539,591 5,351,939 - 1995(A) LAUREL PLAZA MD 274,580 1,100,968 173,969 274,580 1,274,937 1,549,517 1,224,930 324,587 - 1972(C) MILL STATION THEATER/RSTRNTS MD 23,378,543 1,089,760 (3,729,443 ) 14,737,597 6,001,263 20,738,860 1,012,354 19,726,506 - 2016(C) MILL STATION DEVELOPMENT MD 21,320,924 - 60,489,404 16,075,820 65,734,508 81,810,328 1,424,791 80,385,537 - 2015(C) CENTRE COURT-RETAIL/BANK MD 1,035,359 7,785,830 284,760 1,035,359 8,070,590 9,105,949 1,777,184 7,328,765 1,015,043 2011(A) CENTRE COURT-GIANT MD 3,854,099 12,769,628 95,541 3,854,099 12,865,169 16,719,268 3,468,165 13,251,103 4,523,800 2011(A) CENTRE COURT-OLD COURT/COURTYD MD 2,279,177 5,284,577 25,704 2,279,177 5,310,281 7,589,458 1,325,769 6,263,689 - 2011(A) RADCLIFFE CENTER MD 12,042,713 21,187,946 116,844 12,042,713 21,304,790 33,347,503 4,689,967 28,657,536 - 2014(A) TIMONIUM CROSSING MD 2,525,377 14,862,817 473,059 2,525,377 15,335,876 17,861,253 2,997,785 14,863,468 - 2014(A) TIMONIUM SQUARE MD 6,000,000 24,282,998 14,325,728 7,331,195 37,277,531 44,608,726 18,502,141 26,106,585 - 2003(A) TOWSON PLACE MD 43,886,876 101,764,931 3,884,323 43,270,792 106,265,338 149,536,130 26,241,065 123,295,065 - 2012(A) CENTURY PLAZA MI 178,785 925,818 1,030,295 95,905 2,038,993 2,134,898 906,461 1,228,437 - 1968(C) THE FOUNTAINS AT ARBOR LAKES MN 28,585,296 66,699,024 14,322,042 29,485,296 80,121,066 109,606,362 33,928,214 75,678,148 - 2006(A) CENTER POINT S.C. MO - 550,204 - - 550,204 550,204 550,203 1 - 1998(A) WOODLAWN MARKETPLACE NC 919,251 3,570,981 2,820,130 919,251 6,391,111 7,310,362 4,346,540 2,963,822 - 2008(A) TYVOLA SQUARE NC - 4,736,345 8,698,903 - 13,435,248 13,435,248 10,155,373 3,279,875 - 1986(A) CROSSROADS PLAZA NC 767,864 3,098,881 1,233,350 767,864 4,332,231 5,100,095 2,254,286 2,845,809 - 2000(A) JETTON VILLAGE SHOPPES NC 3,875,224 10,292,231 584,327 2,143,695 12,608,087 14,751,782 3,131,442 11,620,340 - 2011(A) WOODLAWN SHOPPING CENTER NC 2,010,725 5,833,626 2,156,743 2,010,725 7,990,369 10,001,094 2,034,144 7,966,950 - 2012(A) CROSSROADS PLAZA NC 13,405,529 86,455,763 (427,297 ) 13,405,529 86,028,466 99,433,995 17,934,602 81,499,393 - 2014(A) QUAIL CORNERS NC 7,318,321 26,675,644 1,952,511 7,318,321 28,628,155 35,946,476 5,386,660 30,559,816 14,633,727 2014(A) DAVIDSON COMMONS NC 2,978,533 12,859,867 508,757 2,978,533 13,368,624 16,347,157 3,220,173 13,126,984 - 2012(A) PARK PLACE SC NC 5,461,478 16,163,494 4,889,191 5,469,809 21,044,354 26,514,163 8,383,687 18,130,476 - 2008(A) MOORESVILLE CROSSING NC 12,013,727 30,604,173 489,919 11,625,801 31,482,018 43,107,819 13,207,170 29,900,649 - 2007(A) PLEASANT VALLEY PROMENADE NC 5,208,885 20,885,792 22,521,186 5,208,885 43,406,978 48,615,863 22,878,409 25,737,454 - 1993(A) BRENNAN STATION NC 7,749,751 20,556,891 (344,091 ) 6,321,923 21,640,628 27,962,551 6,651,035 21,311,516 - 2011(A) BRENNAN STATION OUTPARCEL NC 627,906 1,665,576 (186,984 ) 450,232 1,656,266 2,106,498 415,017 1,691,481 - 2011(A) CLOVERDALE PLAZA NC 540,667 719,655 7,535,398 540,667 8,255,053 8,795,720 4,249,108 4,546,612 - 1969(C) WEBSTER SQUARE NH 11,683,145 41,708,383 5,914,072 11,683,145 47,622,455 59,305,600 9,058,889 50,246,711 - 2014(A) WEBSTER SQUARE - DSW NH 1,346,391 3,638,397 131,388 1,346,391 3,769,785 5,116,176 647,828 4,468,348 - 2017(A) WEBSTER SQUARE NORTH NH 2,163,138 6,511,424 131,176 2,163,138 6,642,600 8,805,738 1,381,090 7,424,648 - 2016(A) ROCKINGHAM PLAZA NH 2,660,915 10,643,660 23,991,703 3,148,715 34,147,563 37,296,278 14,966,093 22,330,185 - 2008(A) SHOP RITE PLAZA NJ 2,417,583 6,364,094 2,431,917 2,417,583 8,796,011 11,213,594 7,441,574 3,772,020 - 1985(C) MARLTON PLAZA NJ - 4,318,534 153,375 - 4,471,909 4,471,909 2,725,754 1,746,155 - 1996(A) HILLVIEW SHOPPING CENTER NJ 16,007,647 32,607,423 1,019,256 16,007,647 33,626,679 49,634,326 6,168,310 43,466,016 - 2014(A) GARDEN STATE PAVILIONS NJ 7,530,709 10,801,949 21,436,057 12,203,841 27,564,874 39,768,715 9,364,390 30,404,325 - 2011(A) CLARK SHOPRITE 70 CENTRAL AVE NJ 3,496,673 11,693,769 994,829 13,959,593 2,225,678 16,185,271 1,167,124 15,018,147 - 2013(A) COMMERCE CENTER WEST NJ 385,760 1,290,080 160,534 793,595 1,042,779 1,836,374 290,590 1,545,784 - 2013(A) COMMERCE CENTER EAST NJ 1,518,930 5,079,690 1,753,865 7,235,196 1,117,289 8,352,485 612,018 7,740,467 - 2013(A) CENTRAL PLAZA NJ 3,170,465 10,602,845 525,936 5,145,167 9,154,079 14,299,246 3,001,578 11,297,668 - 2013(A) EAST WINDSOR VILLAGE NJ 9,335,011 23,777,978 589,083 9,335,011 24,367,061 33,702,072 8,138,835 25,563,237 - 2008(A) HOLMDEL TOWNE CENTER NJ 10,824,624 43,301,494 11,331,077 10,824,624 54,632,571 65,457,195 25,600,909 39,856,286 - 2002(A) COMMONS AT HOLMDEL NJ 16,537,556 38,759,952 4,784,343 16,537,556 43,544,295 60,081,851 19,179,428 40,902,423 - 2004(A) PLAZA AT HILLSDALE NJ 7,601,596 6,994,196 1,654,977 7,601,596 8,649,173 16,250,769 2,060,745 14,190,024 5,247,361 2014(A) MAPLE SHADE NJ - 9,957,611 2,301,448 - 12,259,059 12,259,059 3,520,275 8,738,784 - 2009(A) PLAZA AT SHORT HILLS NJ 20,155,471 11,061,984 682,452 20,155,471 11,744,436 31,899,907 3,088,919 28,810,988 8,204,541 2014(A) NORTH BRUNSWICK PLAZA NJ 3,204,978 12,819,912 27,492,467 3,204,978 40,312,379 43,517,357 22,739,677 20,777,680 - 1994(A) PISCATAWAY TOWN CENTER NJ 3,851,839 15,410,851 1,584,216 3,851,839 16,995,067 20,846,906 9,721,766 11,125,140 - 1998(A) RIDGEWOOD S.C. NJ 450,000 2,106,566 1,303,621 450,000 3,410,187 3,860,187 2,030,829 1,829,358 - 1993(A) UNION CRESCENT III NJ 7,895,483 3,010,640 28,965,399 8,696,579 31,174,943 39,871,522 19,213,708 20,657,814 - 2007(A) WESTMONT PLAZA NJ 601,655 2,404,604 13,565,153 601,655 15,969,757 16,571,412 8,135,948 8,435,464 - 1994(A) WILLOWBROOK PLAZA NJ 15,320,436 40,996,874 10,703,829 15,320,436 51,700,703 67,021,139 9,659,601 57,361,538 - 2009(A) DEL MONTE PLAZA NV 2,489,429 5,590,415 223,460 2,210,000 6,093,304 8,303,304 3,385,368 4,917,936 1,304,805 2006(A) DEL MONTE PLAZA ANCHOR PARCEL NV 6,512,745 17,599,602 140,485 6,520,017 17,732,815 24,252,832 2,167,329 22,085,503 - 2017(A) REDFIELD PROMENADE NV 4,415,339 32,035,192 599,966 4,415,339 32,635,158 37,050,497 8,995,513 28,054,984 - 2015(A) MCQUEEN CROSSINGS NV 5,017,431 20,779,024 992,583 5,017,431 21,771,607 26,789,038 5,860,311 20,928,727 - 2015(A) GALENA JUNCTION NV 8,931,027 17,503,387 1,033,505 8,931,027 18,536,892 27,467,919 4,134,549 23,333,370 - 2015(A) D'ANDREA MARKETPLACE NV 11,556,067 29,435,364 572,971 11,556,067 30,008,335 41,564,402 10,536,928 31,027,474 - 2007(A) SPARKS MERCANTILE NV 6,221,614 17,069,172 165,610 6,221,614 17,234,782 23,456,396 4,070,976 19,385,420 - 2015(A) BRIDGEHAMPTON COMMONS-W&E SIDE NY 1,811,752 3,107,232 36,206,904 1,858,188 39,267,700 41,125,888 23,913,758 17,212,130 - 1972(C) OCEAN PLAZA NY 564,097 2,268,768 19,003 564,097 2,287,771 2,851,868 1,036,522 1,815,346 - 2003(A) KINGS HIGHWAY NY 2,743,820 6,811,268 2,265,409 2,743,820 9,076,677 11,820,497 4,090,894 7,729,603 - 2004(A) RALPH AVENUE PLAZA NY 4,414,466 11,339,857 3,964,235 4,414,467 15,304,091 19,718,558 6,174,728 13,543,830 - 2004(A) BELLMORE S.C. NY 1,272,269 3,183,547 1,683,700 1,272,269 4,867,247 6,139,516 2,300,481 3,839,035 - 2004(A) MARKET AT BAY SHORE NY 12,359,621 30,707,802 6,641,498 12,359,621 37,349,300 49,708,921 15,631,737 34,077,184 11,963,066 2006(A) KEY FOOD - ATLANTIC AVE NY 2,272,500 5,624,589 509,260 4,808,822 3,597,527 8,406,349 943,371 7,462,978 - 2012(A) VETERANS MEMORIAL PLAZA NY 5,968,082 23,243,404 20,546,639 5,980,130 43,777,995 49,758,125 17,498,760 32,259,365 - 1998(A) BIRCHWOOD PLAZA COMMACK NY 3,630,000 4,774,791 1,246,823 3,630,000 6,021,614 9,651,614 2,282,408 7,369,206 - 2007(A) ELMONT S.C. NY 3,011,658 7,606,066 6,517,563 3,011,658 14,123,629 17,135,287 4,574,649 12,560,638 - 2004(A) ELMSFORD CENTER 1 NY 4,134,273 1,193,084 - 4,134,273 1,193,084 5,327,357 260,525 5,066,832 - 2013(A) ELMSFORD CENTER 2 NY 4,076,403 15,598,504 1,118,941 4,245,442 16,548,406 20,793,848 4,201,443 16,592,405 - 2013(A) FRANKLIN SQUARE S.C. NY 1,078,541 2,516,581 4,169,428 1,078,541 6,686,009 7,764,550 3,213,769 4,550,781 - 2004(A) AIRPORT PLAZA NY 22,711,189 107,011,500 6,011,483 22,711,189 113,022,983 135,734,172 22,738,108 112,996,064 - 2015(A) KISSENA BOULEVARD SHOPPING CTR NY 11,610,000 2,933,487 1,590,377 11,610,000 4,523,864 16,133,864 1,226,049 14,907,815 - 2007(A) HAMPTON BAYS PLAZA NY 1,495,105 5,979,320 3,426,833 1,495,105 9,406,153 10,901,258 8,247,555 2,653,703 - 1989(A) HICKSVILLE PLAZA NY 3,542,739 8,266,375 2,544,652 3,542,739 10,811,027 14,353,766 4,371,522 9,982,244 - 2004(A) TURNPIKE PLAZA NY 2,471,832 5,839,416 811,116 2,471,832 6,650,532 9,122,364 2,177,657 6,944,707 - 2011(A) JERICHO COMMONS SOUTH NY 12,368,330 33,071,495 3,602,303 12,368,330 36,673,798 49,042,128 13,606,878 35,435,250 4,820,223 2007(A) 501 NORTH BROADWAY NY - 1,175,543 (57,618 ) - 1,117,925 1,117,925 472,289 645,636 - 2007(A) MILLERIDGE INN NY 7,500,330 481,316 (47,091 ) 7,500,000 434,555 7,934,555 49,063 7,885,492 - 2015(A) FAMILY DOLLAR UNION TURNPIKE NY 909,000 2,249,775 258,033 1,056,709 2,360,099 3,416,808 605,446 2,811,362 - 2012(A) LITTLE NECK PLAZA NY 3,277,254 13,161,218 6,062,939 3,277,253 19,224,158 22,501,411 8,903,016 13,598,395 - 2003(A) KEY FOOD - 21ST STREET NY 1,090,800 2,699,730 (159,449 ) 1,669,153 1,961,928 3,631,081 420,415 3,210,666 - 2012(A) MANHASSET CENTER NY 4,567,003 19,165,808 32,485,753 3,471,939 52,746,625 56,218,564 29,031,993 27,186,571 - 1999(A) MANHASSET CENTER (RESIDENTIAL) NY 950,000 - - 950,000 - 950,000 - 950,000 - 2012(A) MASPETH QUEENS-DUANE READE NY 1,872,013 4,827,940 1,036,886 1,872,013 5,864,826 7,736,839 2,370,655 5,366,184 1,746,452 2004(A) NORTH MASSAPEQUA S.C. NY 1,880,816 4,388,549 (1,914,768 ) - 4,354,597 4,354,597 4,307,791 46,806 - 2004(A) MINEOLA CROSSINGS NY 4,150,000 7,520,692 213,964 4,150,000 7,734,656 11,884,656 2,686,165 9,198,491 - 2007(A) SMITHTOWN PLAZA NY 3,528,000 7,364,098 511,572 3,436,722 7,966,948 11,403,670 3,500,080 7,903,590 - 2009(A) MANETTO HILL PLAZA NY 263,693 584,031 11,511,460 263,693 12,095,491 12,359,184 7,350,118 5,009,066 - 1969(C) SYOSSET S.C. NY 106,655 76,197 2,182,636 106,655 2,258,833 2,365,488 1,280,288 1,085,200 - 1990(C) RICHMOND S.C. NY 2,280,000 9,027,951 21,728,940 2,280,000 30,756,891 33,036,891 16,232,406 16,804,485 - 1989(A) GREENRIDGE PLAZA NY 2,940,000 11,811,964 7,524,470 3,148,424 19,128,010 22,276,434 9,834,444 12,441,990 - 1997(A) THE BOULEVARD NY 28,723,536 38,232,267 216,796,203 28,723,536 255,028,470 283,752,006 14,816,320 268,935,686 - 2006(A) FOREST AVENUE PLAZA NY 4,558,592 10,441,408 903,215 4,558,592 11,344,623 15,903,215 4,441,308 11,461,907 - 2005(A) INDEPENDENCE PLAZA NY 12,279,093 34,813,852 (259,700 ) 16,131,632 30,701,613 46,833,245 8,214,132 38,619,113 - 2014(A) KEY FOOD - CENTRAL AVE. NY 2,787,600 6,899,310 (394,910 ) 2,603,321 6,688,679 9,292,000 1,498,681 7,793,319 - 2012(A) WHITE PLAINS S.C. NY 1,777,775 4,453,894 2,520,991 1,777,775 6,974,885 8,752,660 2,724,711 6,027,949 - 2004(A) CHAMPION FOOD SUPERMARKET NY 757,500 1,874,813 (24,388 ) 2,241,118 366,807 2,607,925 215,617 2,392,308 - 2012(A) SHOPRITE S.C. NY 871,977 3,487,909 - 871,977 3,487,909 4,359,886 2,510,089 1,849,797 - 1998(A) ROMAINE PLAZA NY 782,459 1,825,737 588,133 782,459 2,413,870 3,196,329 954,512 2,241,817 - 2005(A) OREGON TRAIL CENTER OR 5,802,422 12,622,879 443,736 5,802,422 13,066,615 18,869,037 5,748,725 13,120,312 - 2009(A) JANTZEN BEACH CENTER OR 57,575,244 102,844,429 302,414 57,588,287 103,133,800 160,722,087 15,219,539 145,502,548 - 2017(A) SUBURBAN SQUARE PA 70,679,871 166,351,381 74,923,585 71,279,871 240,674,966 311,954,837 61,032,081 250,922,756 - 2007(A) CENTER SQUARE SHOPPING CENTER PA 731,888 2,927,551 1,250,946 691,297 4,219,088 4,910,385 2,975,444 1,934,941 - 1996(A) WAYNE PLAZA PA 6,127,623 15,605,012 586,306 6,135,670 |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Life Used for Depreciation [Table Text Block] | Buildings and building improvements (in years) 5 to 50 Fixtures, building and leasehold improvements (including certain identified intangible assets) Terms of leases or useful lives, whichever is shorter |
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Table Text Block] | 2020 2019 2018 Balance, beginning of period $ 11,929,276,453 $ 11,877,190,495 $ 12,653,444,998 Additions during period: Acquisitions 10,448,877 43,970,631 3,420,020 Improvements 210,389,543 404,210,910 554,408,568 Deductions during period: Sales and assets held-for-sale (30,764,579 ) (307,607,731 ) (836,988,450 ) Transfers to operating lease right-of-use assets, net - (8,525,554 ) - Transfers to unconsolidated joint ventures - - (315,728,832 ) Adjustment for fully depreciated assets (45,041,556 ) (43,080,882 ) (72,992,791 ) Adjustment of property carrying values (5,481,589 ) (36,881,416 ) (108,373,018 ) Balance, end of period $ 12,068,827,149 $ 11,929,276,453 $ 11,877,190,495 |
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Table Text Block] | 2020 2019 2018 Balance, beginning of period $ 2,500,052,642 $ 2,385,287,743 $ 2,433,052,747 Additions during period: Depreciation for year 265,143,630 260,533,557 293,667,298 Deductions during period: Sales and assets held-for-sale (3,041,189 ) (88,079,838 ) (256,804,957 ) Transfers to operating lease right-of-use assets, net - (1,342,030 ) - Transfers to unconsolidated joint ventures - - (11,634,554 ) Adjustment for fully depreciated assets/other (45,041,556 ) (56,346,790 ) (72,992,791 ) Balance, end of period $ 2,717,113,527 $ 2,500,052,642 $ 2,385,287,743 |
Schedule IV - Mortgage Loans _2
Schedule IV - Mortgage Loans on Real Estate (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Schedule of Participating Mortgage Loans [Table Text Block] | Description Interest Rate Final Maturity Date Periodic Payment Terms (a) Prior Liens Original Face Amount of Mortgages Carrying Amount of Mortgages (b) Principal Amount of Loans Subject to Delinquent Principal or Interest Mortgage Loans: Retail Las Vegas, NV 12.00 % May-33 I $ - $ 3,075 $ 3,075 $ - Walker, MI 4.00 % Dec-24 P& I - 3,750 3,671 - Pompano, FL 12.00 % Dec-22 I 25,000 25,000 - Mesa, AZ 12.00 % Aug-21 I 500 500 - Nonretail Commack, NY 7.41 % Oct-26 P& I - 1,354 256 - Melbourne, FL 6.88 % Dec-30 P&I 500 244 - Other Financing Loans: Nonretail Borrower A 2.28 % Apr-27 P& I 600 305 - Borrower B 5.00 % May-20 P&I 175 125 - Allowance for Credit losses: - (930 ) - $ - $ 34,954 $ 32,246 $ - |
Note 1 - Summary of Significa_2
Note 1 - Summary of Significant Accounting Policies (Details Textual) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2020USD ($)shares | Dec. 31, 2019USD ($) | Dec. 31, 2018USD ($) | |
Real Estate Under Development Period After Completion Cessation of Cost Capitalization (Year) | 1 year | ||
Number of Portfolio Segments | 1 | ||
Financing Receivable Past Due Term (Day) | 90 days | ||
Capitalized Computer Software, Net, Ending Balance | $ 19,100 | $ 14,500 | |
Capitalized Computer Software, Amortization | 3,200 | 1,700 | $ 5,300 |
Other Assets, Total | $ 97,225 | 194,682 | |
Revision of Prior Period, Reclassification, Adjustment [Member] | |||
Other Assets, Total | 9,400 | ||
Other Income | $ 800 | $ (3,500) | |
Restricted Stock [Member] | Share-based Compensation Award, Vesting on Fourth or Fifth Anniversary [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 100.00% | ||
Restricted Stock [Member] | Share-based Payment Arrangement, Tranche Two [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 4 years | ||
Restricted Stock [Member] | Share-based Payment Arrangement, Tranche Three [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 5 years | ||
Restricted Stock [Member] | Share-based Compensation Award, Vesting After the Fifth Anniversary [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 20.00% | ||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 10 years | ||
The 2010 Plan [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares) | shares | 10,000,000 | ||
COVID 19 [Member] | |||
Allowance for Loan and Lease Losses, Period Increase (Decrease), Total | $ 81,000 | ||
COVID 19 [Member] | Straight-Line Rent Receivables [Member] | |||
Accounts Receivable, Allowance for Credit Loss, Ending Balance | $ 15,200 | ||
Minimum [Member] | Performance Shares [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 1 year | ||
Minimum [Member] | Computer Software, Intangible Asset [Member] | |||
Finite-Lived Intangible Asset, Useful Life (Year) | 3 years | ||
Maximum [Member] | Performance Shares [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 3 years | ||
Maximum [Member] | Computer Software, Intangible Asset [Member] | |||
Finite-Lived Intangible Asset, Useful Life (Year) | 10 years | ||
Building and Building Improvements [Member] | Minimum [Member] | |||
Property, Plant and Equipment, Useful Life (Year) | 5 years | ||
Building and Building Improvements [Member] | Maximum [Member] | |||
Property, Plant and Equipment, Useful Life (Year) | 50 years |
Note 2 - Real Estate (Details T
Note 2 - Real Estate (Details Textual) - USD ($) | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Off-market Lease, Unfavorable | $ 231,300,000 | $ 259,300,000 | |
In-place Leases, Tenant Relationships and Above-market Leases [Member] | |||
Finite-Lived Intangible Assets, Accumulated Amortization | 499,022 | 485,040 | |
Below Market Rents [Member] | |||
Finite-Lived Intangible Assets, Accumulated Amortization | 219,600,000 | 207,000,000 | |
Above and Below Market Leases [Member] | |||
Amortization of above and below Market Leases | 22,500,000 | 20,000,000 | $ 14,900,000 |
In-place Leases and Tenant Relationships [Member] | |||
Amortization of above and below Market Leases | $ 26,300,000 | $ 33,100,000 | $ 47,400,000 |
Note 2 - Real Estate - Componen
Note 2 - Real Estate - Components of Rental Property (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019 | |
Land | $ 2,781,888 | $ 2,788,155 | |
Buildings and improvements | 9,281,267 | 8,920,951 | |
Real estate | 12,063,155 | 11,709,106 | |
Accumulated depreciation and amortization (1) | [1] | (2,717,114) | (2,500,053) |
Real Estate Investment Property, Net, Total | 9,346,041 | 9,209,053 | |
Land [Member] | |||
Land | 2,758,936 | 2,759,232 | |
Undeveloped Land [Member] | |||
Land | 22,952 | 28,923 | |
Building [Member] | |||
Buildings and improvements | 5,911,602 | 5,661,306 | |
Building Improvements [Member] | |||
Buildings and improvements | 1,918,641 | 1,840,580 | |
Tenant Improvements [Member] | |||
Buildings and improvements | 820,027 | 771,498 | |
Fixtures And Leasehold Improvements [Member] | |||
Buildings and improvements | 32,123 | 31,563 | |
Above Market Leases [Member] | |||
Buildings and improvements | 125,858 | 128,854 | |
In-place Leases [Member] | |||
Buildings and improvements | $ 473,016 | $ 487,150 | |
[1] | At December 31, 2020 and 2019, the Company had accumulated amortization relating to in-place leases and above-market leases aggregating $499,022 and $485,040, respectively. |
Note 2 - Real Estate - Estimate
Note 2 - Real Estate - Estimated Net Amortization Income (Expense) (Details) $ in Millions | Dec. 31, 2020USD ($) |
Above-market and below-market leases amortization, net, 2021 | $ 12.1 |
Above-market and below-market leases amortization, net, 2022 | 12.2 |
Above-market and below-market leases amortization, net, 2023 | 11.3 |
Above-market and below-market leases amortization, net, 2024 | 11 |
Above-market and below-market leases amortization, net, 2025 | 11.2 |
In-place Leases [Member] | |
In-place leases amortization, 2021 | (23.1) |
In-place leases amortization, 2022 | (17.8) |
In-place leases amortization, 2023 | (13.5) |
In-place leases amortization, 2024 | (10.3) |
In-place leases amortization, 2025 | $ (7.5) |
Note 3 - Property Acquisition_3
Note 3 - Property Acquisitions, Developments and Other Investments (Details Textual) - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Proceeds from Delayed Tax Exempt Exchange | $ 36.1 | |
Real Estate Revenue From Acquisitions During Period | $ 0.4 | $ 1.4 |
Linwood Square [Member] | ||
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage | 69.50% | |
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain | $ 0.1 |
Note 3 - Property Acquisition_4
Note 3 - Property Acquisitions, Developments and Other Investments - Acquisition of Operating Properties (Details) ftĀ² in Thousands, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2020USD ($)ftĀ² | Dec. 31, 2019USD ($)ftĀ² | ||
Purchase Price GLA (Square Foot) | ftĀ² | 290 | ||
Purchase Price Cash | [1] | $ 33,226 | |
Purchase Price Total | 43,158 | ||
Purchase Price Debt Acquired | 5,389 | ||
Purchase Price Other | [2] | $ 4,543 | |
Bell Camino Out-parcel [Member] | |||
Purchase Price GLA (Square Foot) | ftĀ² | 45 | ||
Purchase Price Cash | [1] | $ 5,678 | |
Purchase Price Total | $ 5,678 | ||
Gateway at Donner Pass Out-parcel [Member] | |||
Purchase Price GLA (Square Foot) | ftĀ² | 40 | ||
Purchase Price Cash | [1] | $ 13,527 | |
Purchase Price Total | $ 13,527 | ||
Rancho Penasquitos Out-parcel [Member] | |||
Purchase Price GLA (Square Foot) | ftĀ² | 40 | ||
Purchase Price Cash | [1] | $ 12,064 | |
Purchase Price Total | $ 12,064 | ||
Linwood Square [Member] | |||
Purchase Price GLA (Square Foot) | ftĀ² | [3] | 165 | |
Purchase Price Cash | [1],[3] | $ 1,957 | |
Purchase Price Total | [3] | 11,889 | |
Purchase Price Debt Acquired | [3] | 5,389 | |
Purchase Price Other | [2],[3] | $ 4,543 | |
North Valley Parcel [Member] | |||
Purchase Price Cash | $ 7,073 | ||
Purchase Price GLA (Square Foot) | ftĀ² | [4] | 9 | |
[1] | The Company utilized an aggregate $36.1 million associated with Internal Revenue Code 26 U.S.C. Ā§1031 sales proceeds. | ||
[2] | Includes the Company's previously held equity interest investment, net of noncontrolling interest of the remaining partners. | ||
[3] | The Company acquired a partner's ownership interest in a property which was held in a joint venture in which the Company had a noncontrolling interest. The Company now has a 69.5% controlling interest in this property and has deemed this entity to be a VIE for which the Company is the primary beneficiary and consolidates the asset. The Company evaluated this transaction pursuant to the FASB's Consolidation guidance and, as a result, recognized a gain on change in control of interests of $0.1 million resulting from the fair value adjustment associated with the Companyās previously held equity interest, which are included in the purchase price above in Other Consideration. | ||
[4] | Gross leasable area ("GLA") |
Note 3 - Property Acquisition_5
Note 3 - Property Acquisitions, Developments and Other Investments - Purchase Price Allocation (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Allocation | $ 0 | $ 850 |
Allocation | 0 | (915) |
Allocation | 7,073 | 43,158 |
Tenant Improvements [Member] | ||
Allocation | $ 382 | $ 2,234 |
Weighted-average amortization period (Year) | 19 years 4 months 24 days | 16 years 10 months 24 days |
Leases, Acquired-in-Place [Member] | ||
Allocation | $ 925 | $ 4,921 |
Weighted-average amortization period (Year) | 19 years 4 months 24 days | 18 years 2 months 12 days |
Above Market Leases [Member] | ||
Allocation | $ 0 | $ 203 |
Weighted-average amortization period (Year) | 9 years | |
Below Market Leases [Member] | ||
Allocation | 0 | $ (765) |
Weighted-average amortization period (Year) | 12 years | |
Land [Member] | ||
Allocation | 935 | $ 11,852 |
Building [Member] | ||
Allocation | $ 4,610 | $ 21,075 |
Weighted-average amortization period (Year) | 50 years | 50 years |
Building Improvements [Member] | ||
Allocation | $ 221 | $ 3,703 |
Weighted-average amortization period (Year) | 45 years | 45 years |
Note 4 - Real Estate Under De_2
Note 4 - Real Estate Under Development (Details Textual) - USD ($) | 12 Months Ended | |||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Jun. 30, 2020 | |
Development in Process | $ 229,900,000 | |||
Real Estate Inventory, Capitalized Interest Costs, Ending Balance | $ 31,200,000 | |||
Real Estate Investment Property, Net, Total | $ 9,346,041,000 | $ 9,209,053,000 | ||
Other Assets, Total | 97,225,000 | 194,682,000 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Cost of Investment in Real Estate Sold | 30,764,579 | 307,607,731 | $ 836,988,450 | |
Total Net Gain Loss on Sale of Operating Properties | 6,484,000 | 79,218,000 | $ 229,840,000 | |
Dania Pointe [Member] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Cost of Investment in Real Estate Sold | 32,500,000 | |||
Total Net Gain Loss on Sale of Operating Properties | $ 4,300,000 | |||
Reclassification from Development in Process to Operating Real Estate [Member] | ||||
Real Estate Investment Property, Net, Total | 228,800,000 | |||
Reclassification from Development in Process to Other Assets [Member] | ||||
Other Assets, Total | $ 1,100,000 |
Note 5 - Dispositions of Real_3
Note 5 - Dispositions of Real Estate (Details Textual) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018USD ($) | Dec. 31, 2020USD ($) | Dec. 31, 2019USD ($) | |
Equity Method Investments | $ 590.7 | $ 578.1 | |
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | |||
Proceeds from Sale of Real Estate, Total | $ 9.7 | ||
Gains (Losses) on Sales of Investment Real Estate | $ 6.3 | ||
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | Consolidated Operating Properties [Member] | |||
Number of Properties Disposed of | 10 | ||
Investment in Unconsolidated Property, Unconsolidated 2017 [Member] | |||
Equity Method Investments | $ 62.4 | ||
Equity Method Investment, Ownership Percentage | 54.80% | ||
Gain on Sale of Operating Properties/ Change in Controls of Interests [Member] | Accounting Standards Update 2017-05 [Member] | |||
Deconsolidation, Gain (Loss), Amount | $ 6.8 | ||
Non-recouse Mortgage Debt Related to Property Deconsolidated [Member] | |||
Debt Instrument, Increase (Decrease), Net, Total | 206 | ||
Sold Portion of Investment in Consolidated Operating Property [Member] | |||
Disposal Group, Including Discontinued Operation, Consideration | 320 | ||
Noncontrolling Interest, Decrease from Deconsolidation | $ 43.8 |
Note 5 - Dispositions of Real_4
Note 5 - Dispositions of Real Estate - Disposition Activity (Details) $ in Millions | 12 Months Ended | |||
Dec. 31, 2020USD ($) | Dec. 31, 2019USD ($) | [1] | Dec. 31, 2018USD ($) | |
Gain on sale of properties/change in control of interests | $ 6.5 | $ 79.2 | $ 229.8 | |
Disposition Activity Relating to Consolidated Operating Properties and Parcels [Member] | ||||
Aggregate sales price/gross fair value | $ 31.8 | $ 344.7 | $ 1,164.3 | |
Number of operating properties sold/deconsolidated | 3 | 20 | 54 | |
Number of parcels sold | 4 | 9 | 7 | |
[1] | Includes the land parcel sale at Dania Pointe, noted above in Footnote 4 of the Notes to Consolidated Financial Statements. |
Note 6 - Impairments (Details T
Note 6 - Impairments (Details Textual) - USD ($) $ in Thousands | 1 Months Ended | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Asset Impairment Charges, Total | $ 6,624 | $ 48,743 | $ 79,207 | |
Equity Method Investments [Member] | ||||
Impairment of Real Estate | $ 800 | $ 5,600 | $ 6,900 | |
Properties Marketed for Sale [Member] | ||||
Asset Impairment Charges, Total | $ 41,000 |
Note 6 - Impairments - Asset Im
Note 6 - Impairments - Asset Impairment Charges (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | ||
Asset Impairment Charges, Total | $ 6,624 | $ 48,743 | $ 79,207 | |
Total net impairment charges | [1] | 6,600 | 48,700 | 79,200 |
Properties Marketed for Sale [Member] | ||||
Asset Impairment Charges, Total | [2] | 5,500 | 12,500 | 59,500 |
Disposed Operating Properties [Member] | ||||
Asset Impairment Charges, Total | [3] | $ 1,100 | $ 36,200 | $ 19,700 |
[1] | See Footnote 16 of the Notes to Consolidated Financial Statements for additional disclosure on fair value. | |||
[2] | These impairment charges relate to adjustments to property carrying values for properties which the Company has marketed for sale as part of its capital recycling program and as such has adjusted the anticipated hold periods for such properties. During December 2018, the Company recognized an impairment charge of $41.0 million related to a development project located in Jacksonville, FL, which the Company had no longer intended to develop. The Company has sold portions of the property and is marketing the remainder of the property as is for sale. | |||
[3] | Amounts relate to dispositions/deeds in lieu/foreclosures during the respective years shown. |
Note 7 - Investments In and A_3
Note 7 - Investments In and Advances to Real Estate Joint Ventures (Details Textual) ftĀ² in Thousands, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2020USD ($)ftĀ² | Dec. 31, 2019USD ($)ftĀ² | Dec. 31, 2018USD ($) | |
Gross Leasable Area (Square Foot) | ftĀ² | 290 | ||
Proceeds from Equity Method Investment, Distribution | $ 149,022 | $ 93,877 | $ 104,626 |
Other Liabilities, Total | 324,538 | 346,183 | |
Equity Method Investments | $ 590,700 | 578,100 | |
Prudential Investment Program [Member] | |||
Tangible Asset Impairment Charges, Total | $ 29,900 | ||
All Equity Method Investments [Member] | |||
Number of Real Estate Properties | 97 | 98 | |
Gross Leasable Area (Square Foot) | ftĀ² | 21,200 | 21,300 | |
Prudential Investment Program [Member] | |||
Tangible Asset Impairment Charges, Total | $ 3,700 | ||
Other Joint Venture Programs [Member] | |||
Proceeds from Equity Method Investment, Distribution | 3,600 | ||
Impairment of Long-Lived Assets to be Disposed of | $ 5,200 | ||
Other Liabilities, Total | $ 3,700 | $ 3,500 | |
Real Estate Joint Ventures [Member] | Operating Properties [Member] | |||
Number of Real Estate Properties, Interest Disposed of or Transferred | 9 | 11 | |
Equity Method Investment, Sales Price | $ 247,400 | $ 213,500 | |
Equity Method Investment, Realized Gain (Loss) on Disposal, Total | $ 14,400 | $ 18,500 | |
KIR [Member] | |||
Equity Method Investment, Ownership Percentage | 48.60% |
Note 7 - Investments In and A_4
Note 7 - Investments In and Advances to Real Estate Joint Ventures - Investment Details (Details) - USD ($) | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
The company's investment | $ 12,068,827,149 | $ 11,929,276,453 | $ 11,877,190,495 | $ 12,653,444,998 | |
Kim Pru and Kim Pru II [Member] | |||||
Average ownership interest | [1],[2] | 15.00% | |||
The company's investment | [1],[2] | $ 175,100,000 | 169,500,000 | ||
Kimco Income Fund [Member] | |||||
Average ownership interest | [2] | 48.60% | |||
The company's investment | [2] | $ 177,400,000 | 175,000,000 | ||
CPP [Member] | |||||
Average ownership interest | [2] | 55.00% | |||
The company's investment | [2] | $ 159,700,000 | 151,700,000 | ||
Other Joint Venture Programs [Member] | |||||
The company's investment | 78,500,000 | 81,900,000 | |||
All Equity Method Investments [Member] | |||||
The company's investment | [3] | $ 590,700,000 | $ 578,100,000 | ||
[1] | Represents three separate joint ventures, with three separate accounts managed by Prudential Global Investment Management. | ||||
[2] | The Company manages these joint venture investments and, where applicable, earns acquisition fees, leasing commissions, property management fees, asset management fees and construction management fees. | ||||
[3] | Representing 97 property interests and 21.2 million square feet of GLA, as of December 31, 2020, and 98 property interests and 21.3 million square feet of GLA, as of December 31, 2019. |
Note 7 - Investments In and A_5
Note 7 - Investments In and Advances to Real Estate Joint Ventures - The Company's Share of Net Income/(Loss) (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | ||
Prudential Investment Program [Member] | ||||
Income of joint ventures, net | [1] | $ 9,000 | $ 10,400 | $ 15,200 |
KIR [Member] | ||||
Income of joint ventures, net | 30,500 | 50,300 | 38,700 | |
CPP [Member] | ||||
Income of joint ventures, net | 5,600 | 5,800 | 5,100 | |
Other Joint Venture Programs [Member] | ||||
Income of joint ventures, net | [2] | 2,300 | 5,700 | 12,600 |
Joint Ventures [Member] | ||||
Income of joint ventures, net | $ 47,353 | $ 72,162 | $ 71,617 | |
[1] | During the year ended December 31, 2019, the Prudential Investment Program recognized an impairment charge on a property of $29.9 million, of which the Company's share was $3.7 million. | |||
[2] | During the year ended December 31, 2018, a joint venture investment distributed cash proceeds resulting from the refinancing of an existing loan of which the Company's share was $3.6 million. This distribution was in excess of the Companyās carrying basis in this joint venture investment and to that extent was recognized as income. In addition, during the year ended December 31, 2018, a joint venture recognized an impairment charge related to the pending foreclosure of a property, of which the Companyās share was $5.2 million. |
Note 7 - Investments In and A_6
Note 7 - Investments In and Advances to Real Estate Joint Ventures - Joint Venture Investments Accounted for Under the Equity Method, Debt Details (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | ||
Mortgage and notes payable | $ 1,541 | $ 1,594.1 | |
Prudential Investment Program [Member] | |||
Mortgage and notes payable | $ 495.8 | $ 538.1 | |
Weighted average interest rate | 2.05% | 3.46% | |
Weighted average remaining term (Month) | [1] | 37 months 6 days | 46 months 24 days |
KIR [Member] | |||
Mortgage and notes payable | $ 536.9 | $ 556 | |
Weighted average interest rate | 3.87% | 4.39% | |
Weighted average remaining term (Month) | [1] | 25 months 9 days | 28 months 12 days |
CPP [Member] | |||
Mortgage and notes payable | $ 84.9 | $ 84.8 | |
Weighted average interest rate | 3.25% | 3.25% | |
Weighted average remaining term (Month) | [1] | 30 months | 42 months |
Other Joint Venture Programs [Member] | |||
Mortgage and notes payable | $ 423.4 | $ 415.2 | |
Weighted average interest rate | 3.41% | 3.87% | |
Weighted average remaining term (Month) | [1] | 86 months 21 days | 80 months 27 days |
[1] | Average remaining term includes extensions |
Note 7 - Investment and Advance
Note 7 - Investment and Advances in Real Estate Joint Ventures - Investment and Advances to Real Estate Joint Ventures - Balance Sheets (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Real Estate Investment Property, Net, Total | $ 9,346,041 | $ 9,209,053 | |||
Other Assets, Total | 97,225 | 194,682 | |||
Assets, Total | [1] | 11,614,498 | 10,997,867 | ||
Notes payable, net | 5,044,208 | 4,831,759 | |||
Secured Debt, Total | 311,272 | 484,008 | |||
Other Liabilities, Total | 324,538 | 346,183 | |||
Membersā capital | 5,608,044 | 4,864,892 | |||
Total Liabilities and Members' Capital | 11,614,498 | 10,997,867 | |||
Stockholders' Equity Attributable to Noncontrolling Interest, Ending Balance | 62,210 | 64,015 | |||
Membersā capital | 5,670,254 | 4,928,907 | $ 5,411,053 | $ 5,530,245 | |
KIR [Member] | Equity Method Investment, Nonconsolidated Investee or Group of Investees [Member] | |||||
Real Estate Investment Property, Net, Total | 787,100 | 788,700 | |||
Other Assets, Total | 75,300 | 83,600 | |||
Assets, Total | 862,400 | 872,300 | |||
Notes payable, net | 91,500 | 0 | |||
Secured Debt, Total | 445,400 | 556,000 | |||
Other Liabilities, Total | 17,400 | 16,300 | |||
Membersā capital | 308,100 | 300,000 | |||
Total Liabilities and Members' Capital | 862,400 | 872,300 | |||
Excluding KIR [Member] | Equity Method Investment, Nonconsolidated Investee or Group of Investees [Member] | |||||
Real Estate Investment Property, Net, Total | 2,549,200 | 2,596,900 | |||
Other Assets, Total | 179,000 | 140,300 | |||
Assets, Total | 2,728,200 | 2,737,200 | |||
Notes payable, net | 199,800 | 199,800 | |||
Secured Debt, Total | 804,300 | 838,300 | |||
Other Liabilities, Total | 53,600 | 59,500 | |||
Total Liabilities and Members' Capital | 2,728,200 | 2,737,200 | |||
Stockholders' Equity Attributable to Noncontrolling Interest, Ending Balance | 18,300 | 17,700 | |||
Membersā capital | $ 1,652,200 | $ 1,621,900 | |||
[1] | Includes restricted assets of consolidated variable interest entities ("VIEs") at December 31, 2020 and December 31, 2019 of $102,482 and $245,489, respectively. See Footnote 10 of the Notes to Consolidated Financial Statements. |
Note 7 - Investment and Advan_2
Note 7 - Investment and Advances in Real Estate Joint Ventures - Investment and Advances to Real Estate Joint Ventures - Income Statements (Details) - USD ($) $ 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 | |
Revenues, net | $ 269,441 | $ 259,792 | $ 238,916 | $ 289,744 | $ 296,130 | $ 282,871 | $ 284,873 | $ 295,010 | $ 1,057,893 | $ 1,158,884 | $ 1,164,762 |
Operating expenses | (731,765) | (760,515) | (812,196) | ||||||||
Depreciation and amortization | (288,955) | (277,879) | (310,380) | ||||||||
Interest expense | (186,904) | (177,395) | (183,339) | ||||||||
Other expense, net | 4,119 | 10,985 | 16,528 | ||||||||
Net income | $ 201,234 | $ (38,394) | $ 747,893 | $ 90,100 | $ 109,419 | $ 83,990 | $ 101,027 | $ 116,169 | 1,000,833 | 410,605 | 497,795 |
Impairment charges | (6,624) | (48,743) | (79,207) | ||||||||
Net income | 1,002,877 | 413,561 | 498,463 | ||||||||
KIR [Member] | Equity Method Investment, Nonconsolidated Investee or Group of Investees [Member] | |||||||||||
Revenues, net | 173,900 | 193,600 | 197,200 | ||||||||
Operating expenses | (49,500) | (51,000) | (53,300) | ||||||||
Depreciation and amortization | (36,900) | (38,000) | (42,200) | ||||||||
Gain on sale of properties | 0 | 32,200 | 13,500 | ||||||||
Interest expense | (23,800) | (28,200) | (33,300) | ||||||||
Other expense, net | (1,600) | (1,100) | (1,500) | ||||||||
Net income | 62,100 | 107,500 | 80,400 | ||||||||
Excluding KIR [Member] | Equity Method Investment, Nonconsolidated Investee or Group of Investees [Member] | |||||||||||
Revenues, net | 282,400 | 317,600 | 309,100 | ||||||||
Operating expenses | (101,900) | (99,400) | (92,800) | ||||||||
Depreciation and amortization | (75,000) | (76,900) | (80,300) | ||||||||
Gain on sale of properties | 200 | 15,000 | 46,800 | ||||||||
Interest expense | (31,200) | (47,100) | (46,800) | ||||||||
Other expense, net | (10,800) | (14,200) | (2,900) | ||||||||
Impairment charges | (4,400) | (39,500) | (20,700) | ||||||||
Net income | $ 59,300 | $ 55,500 | $ 112,400 |
Note 8 - Other Real Estate In_3
Note 8 - Other Real Estate Investments (Details Textual) $ in Thousands | 12 Months Ended | |
Dec. 31, 2020USD ($) | Dec. 31, 2019USD ($) | |
Equity Method Investments | $ 590,700 | $ 578,100 |
Secured Debt, Total | 311,272 | 484,008 |
Preferred Equity Investments [Member] | ||
Equity Method Investments | $ 98,200 | $ 175,300 |
Number of Real Estate Properties | 113 | 240 |
Income (Loss) from Equity Method Investments, Total | $ 28,400 | $ 25,800 |
Equity Method Investment, Realized Gain (Loss) on Disposal, Total | $ 13,700 | $ 7,300 |
Preferred Equity Investments [Member] | Minimum [Member] | ||
Debt Instrument, Term (Month) | 1 month | |
Debt Instrument, Interest Rate, Stated Percentage | 4.19% | |
Preferred Equity Investments [Member] | Maximum [Member] | ||
Debt Instrument, Term (Month) | 4 years | |
Debt Instrument, Interest Rate, Stated Percentage | 9.85% | |
Preferred Equity Investments [Member] | Leased Properties [Member] | ||
Number of Real Estate Properties | 103 | 230 |
Preferred Equity Investment [Member] | ||
Secured Debt, Total | $ 141,900 | |
Long-term Debt, Fair Value | 4,800 | |
Preferred Equity Investment [Member] | Property in Queens, NY [Member] | ||
Equity Method Investments | $ 10,100 | |
Equity Method Investment, Ownership Percentage | 71.43% |
Note 8 - Other Real Estate In_4
Note 8 - Other Real Estate Investments - Preferred Equity Investments - Balance Sheet Disclosures (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019 | |
Real Estate Investment Property, Net, Total | $ 9,346,041 | $ 9,209,053 | |
Other Assets, Total | 97,225 | 194,682 | |
Assets, Total | [1] | 11,614,498 | 10,997,867 |
Secured Debt, Total | 311,272 | 484,008 | |
Other Liabilities, Total | 324,538 | 346,183 | |
Membersā capital | 5,608,044 | 4,864,892 | |
Total Liabilities and Members' Capital | 11,614,498 | 10,997,867 | |
Preferred Equity Investments [Member] | Equity Method Investment, Nonconsolidated Investee or Group of Investees [Member] | |||
Real Estate Investment Property, Net, Total | 95,700 | 91,600 | |
Other Assets, Total | 216,500 | 484,600 | |
Assets, Total | 312,200 | 576,200 | |
Secured Debt, Total | 146,700 | 236,100 | |
Other Liabilities, Total | 4,500 | 2,600 | |
Membersā capital | 161,000 | 337,500 | |
Total Liabilities and Members' Capital | $ 312,200 | $ 576,200 | |
[1] | Includes restricted assets of consolidated variable interest entities ("VIEs") at December 31, 2020 and December 31, 2019 of $102,482 and $245,489, respectively. See Footnote 10 of the Notes to Consolidated Financial Statements. |
Note 8 - Other Real Estate In_5
Note 8 - Other Real Estate Investments - Preferred Equity Investments - Income Statement Disclosures (Details) - USD ($) $ 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 | |
Revenues, net | $ 269,441 | $ 259,792 | $ 238,916 | $ 289,744 | $ 296,130 | $ 282,871 | $ 284,873 | $ 295,010 | $ 1,057,893 | $ 1,158,884 | $ 1,164,762 |
Operating expenses | (731,765) | (760,515) | (812,196) | ||||||||
Depreciation and amortization | (288,955) | (277,879) | (310,380) | ||||||||
Interest expense | (186,904) | (177,395) | (183,339) | ||||||||
Other expense, net | 4,119 | 10,985 | 16,528 | ||||||||
Net income | 1,002,877 | 413,561 | 498,463 | ||||||||
Equity Method Investment, Nonconsolidated Investee or Group of Investees [Member] | Preferred Equity Investments [Member] | |||||||||||
Revenues, net | 44,600 | 66,600 | 77,000 | ||||||||
Operating expenses | (11,100) | (16,000) | (15,500) | ||||||||
Depreciation and amortization | (2,900) | (3,200) | (4,300) | ||||||||
Gain on sale of properties | 200 | 13,600 | 1,900 | ||||||||
Interest expense | (7,000) | (11,900) | (16,900) | ||||||||
Other expense, net | (4,000) | (7,900) | (8,200) | ||||||||
Net income | $ 19,800 | $ 41,200 | $ 34,000 |
Note 9 - Marketable Securitie_2
Note 9 - Marketable Securities (Details Textual) - USD ($) $ / shares in Units, $ in Thousands, shares in Millions | Jun. 25, 2020 | Oct. 31, 2020 | Jun. 30, 2020 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Marketable Securities, Gain (Loss), Total | $ 594,753 | $ 829 | $ (3,487) | |||
Proceeds from Sale of Cost Method Investments | 227,270 | 0 | 0 | |||
Realized Investment Gains (Losses), Total | 190,832 | 0 | $ 0 | |||
Marketable Securities, Total | $ 706,954 | $ 9,353 | ||||
Common Stock, Dividends, Per Share, Declared (in dollars per share) | $ 0.54000 | $ 1.12000 | $ 1.12000 | |||
Albertsons Companies, Inc [Member] | ||||||
Proceeds from Issuance of Convertible Preferred Stock | $ 1,680,000 | |||||
Percentage of Ownership to Be Purchased | 17.50% | |||||
Common Stock, Dividends, Per Share, Declared (in dollars per share) | $ 0.10 | |||||
Albertsons Companies, Inc [Member] | IPO [Member] | ||||||
Stock Issued During Period, Shares, New Issues (in shares) | 50 | |||||
Sale of Stock, Price Per Share (in dollars per share) | $ 16 | |||||
Albertsons Companies, Inc [Member] | Convertible Preferred Stock [Member] | ||||||
Stock Issued During Period, Value, New Issues | $ 1,750,000 | |||||
Albertsons Companies, Inc [Member] | ||||||
Percentage of Ownership in Cost Method Investment | 7.50% | 9.29% | ||||
Proceeds from Sale of Cost Method Investments | $ 71,400 | $ 156,100 | ||||
Realized Investment Gains (Losses), Total | $ 59,200 | $ 131,600 | ||||
Shares Sold in Cost Method Investments (in shares) | 4.7 | |||||
Investment Owned, Balance, Shares (in shares) | 39.8 | |||||
Marketable Securities, Total | $ 700,400 | |||||
Marketable Securities, Unrealized Gain (Loss), Total | 596,800 | |||||
Proceeds from Dividends Received | 4,000 | |||||
Albertsons Companies, Inc [Member] | Other Assets [Member] | ||||||
Other Investments and Securities, at Cost | $ 140,200 |
Note 9 - Marketable Securitie_3
Note 9 - Marketable Securities - Amortized Cost and Unrealized Gain (Loss) (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019 | |
Amortized cost (1) | [1] | $ 114,531 | $ 12,064 |
Unrealized gains/(losses), net (1) | [1] | 592,423 | (2,711) |
Marketable securities | $ 706,954 | $ 9,353 | |
[1] | See Albertsons Companies, Inc. discussion below. |
Note 10 - Variable Interest E_3
Note 10 - Variable Interest Entities ("VIE") (Details Textual) $ in Thousands | Dec. 31, 2020USD ($) | Dec. 31, 2019USD ($) | |
Assets, Total | [1] | $ 11,614,498 | $ 10,997,867 |
Liabilities, Total | [2] | $ 5,928,460 | $ 6,051,017 |
Variable Interest Entity, Primary Beneficiary [Member] | |||
Variable Interest Entity, Number of Entities | 22 | 23 | |
Consolidated Operating Properties [Member] | |||
Variable Interest Entity, Number of Entities | 22 | 22 | |
Consolidated Operating Properties [Member] | Variable Interest Entity, Primary Beneficiary [Member] | |||
Assets, Total | $ 1,000,000 | $ 900,000 | |
Liabilities, Total | $ 62,100 | $ 70,900 | |
Real Estate Under Development [Member] | |||
Variable Interest Entity, Number of Entities | 1 | ||
Real Estate Under Development [Member] | Variable Interest Entity, Primary Beneficiary [Member] | |||
Assets, Total | $ 346,900 | ||
Liabilities, Total | $ 82,500 | ||
[1] | Includes restricted assets of consolidated variable interest entities ("VIEs") at December 31, 2020 and December 31, 2019 of $102,482 and $245,489, respectively. See Footnote 10 of the Notes to Consolidated Financial Statements. | ||
[2] | Includes non-recourse liabilities of consolidated VIEs at December 31, 2020 and December 31, 2019 of $62,076 and $153,436, respectively. See Footnote 10 of the Notes to Consolidated Financial Statements. |
Note 10 - Variable Interest E_4
Note 10 - Variable Interest Entities ("VIE") - Summary of Restricted Assets and VIE Liabilities (Details) $ in Thousands | Dec. 31, 2020USD ($) | Dec. 31, 2019USD ($) | |
Real estate, net | $ 9,346,041 | $ 9,209,053 | |
Cash and cash equivalents | 293,188 | 123,947 | |
Accounts and notes receivable, net | 219,248 | 218,689 | |
Other Assets, Total | 97,225 | 194,682 | |
Assets, Total | [1] | 11,614,498 | 10,997,867 |
Secured Debt, Total | 311,272 | 484,008 | |
Accounts payable and accrued expenses | 146,457 | 170,082 | |
Operating Lease, Liability, Total | 96,619 | 92,711 | |
Other Liabilities, Total | 324,538 | 346,183 | |
Liabilities, Total | [2] | $ 5,928,460 | $ 6,051,017 |
Variable Interest Entity, Unencumbered [Member] | |||
Number of consolidated VIEs | 19 | 19 | |
Variable Interest Entity, Encumbered by Third Party Non-resource Mortgage Debt [Member] | |||
Number of consolidated VIEs | 3 | 4 | |
Variable Interest Entity, Primary Beneficiary [Member] | |||
Number of consolidated VIEs | 22 | 23 | |
Variable Interest Entity, Primary Beneficiary [Member] | Nonrecourse [Member] | |||
Secured Debt, Total | $ 36,500 | $ 104,500 | |
Accounts payable and accrued expenses | 5,200 | 7,100 | |
Operating Lease, Liability, Total | 5,500 | 5,600 | |
Other Liabilities, Total | 14,900 | 36,200 | |
Liabilities, Total | 62,100 | 153,400 | |
Variable Interest Entity, Primary Beneficiary [Member] | Asset Pledged as Collateral [Member] | |||
Real estate, net | 97,700 | 228,900 | |
Cash and cash equivalents | 1,800 | 9,200 | |
Accounts and notes receivable, net | 1,900 | 3,800 | |
Other Assets, Total | 1,100 | 3,600 | |
Assets, Total | $ 102,500 | $ 245,500 | |
[1] | Includes restricted assets of consolidated variable interest entities ("VIEs") at December 31, 2020 and December 31, 2019 of $102,482 and $245,489, respectively. See Footnote 10 of the Notes to Consolidated Financial Statements. | ||
[2] | Includes non-recourse liabilities of consolidated VIEs at December 31, 2020 and December 31, 2019 of $62,076 and $153,436, respectively. See Footnote 10 of the Notes to Consolidated Financial Statements. |
Note 11 - Leases (Details Textu
Note 11 - Leases (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Deferred Rent Credit | $ 6,900 | ||
Deferred Rent Receivables, Net | $ 17,200 | $ 13,600 | |
Operating Lease, Right-of-Use Asset | 102,369 | 99,125 | |
Operating Lease, Liability, Total | $ 96,619 | $ 92,711 | |
Operating Lease, Weighted Average Remaining Lease Term (Year) | 20 years 3 months 18 days | ||
Operating Lease, Weighted Average Discount Rate, Percent | 6.53% | ||
Accounting Standards Update 2016-02 [Member] | |||
Operating Lease, Right-of-Use Asset | $ 106,000 | ||
Operating Lease, Liability, Total | $ 98,700 | ||
Minimum [Member] | |||
Lessee, Operating Lease, Remaining Lease Term (Year) | 1 year | ||
Maximum [Member] | |||
Lessee, Operating Lease, Remaining Lease Term (Year) | 51 years | ||
Lessee, Operating Lease, Renewal Term (Year) | 75 years | ||
Shopping Centers [Member] | Minimum [Member] | |||
Lessor, Operating Lease, Term of Contract (Year) | 5 years | ||
Shopping Centers [Member] | Maximum [Member] | |||
Lessor, Operating Lease, Term of Contract (Year) | 25 years | ||
Annual Minimum Rentals Plus Incremental Rents [Member] | Rental Revenue [Member] | Customer Concentration Risk [Member] | |||
Concentration Risk, Percentage | 98.00% | ||
Annual Minimum Rentals Plus Incremental Rents [Member] | Revenue Benchmark [Member] | Customer Concentration Risk [Member] | |||
Concentration Risk, Percentage | 98.00% | 98.00% | |
New Ground Lease [Member] | |||
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability | $ 8,900 | ||
COVID 19 [Member] | |||
Allowance for Loan and Lease Losses, Period Increase (Decrease), Total | 81,000 | ||
COVID 19 [Member] | Straight-Line Rent Receivables [Member] | |||
Accounts Receivable, Allowance for Credit Loss, Ending Balance | $ 15,200 |
Note 11 - Leases - Lease Income
Note 11 - Leases - Lease Income (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended | ||||||
Sep. 30, 2020 | Sep. 30, 2019 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | ||||
Fixed lease income (1) | [1] | $ 804,107 | $ 880,214 | |||||
Variable lease income (2) | [2] | 218,266 | 242,110 | |||||
Above-market and below-market leases amortization, net | 22,515 | 20,010 | ||||||
Total lease income (3) | $ 1,044,888 | [3] | $ 1,142,334 | [3] | $ 1,044,888 | $ 1,142,334 | $ 1,149,603 | |
[1] | Includes minimum base rents, expense reimbursements, ancillary income and straight-line rent adjustments. | |||||||
[2] | Includes minimum base rents, expense reimbursements, percentage rent, lease termination fee income and ancillary income. | |||||||
[3] | During 2020, the Company's revenue was reduced by $81.0 million associated with potentially uncollectible revenues, including revenues from tenants that are being accounted for on a cash basis, and disputed amounts, which includes $15.2 million for straight-line rent receivables, primarily attributable to the COVID-19 pandemic. |
Note 11 - Leases - Minimum Reve
Note 11 - Leases - Minimum Revenues (Details) $ in Millions | Dec. 31, 2020USD ($) |
2021 | $ 848.8 |
2022 | 741 |
2023 | 645.3 |
2024 | 549.9 |
2025 | 457.8 |
Thereafter | $ 2,403.3 |
Note 11 - Leases - Leases Cost
Note 11 - Leases - Leases Cost (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Operating lease cost | $ 10,371 | $ 12,630 |
Variable lease cost | 2,852 | 2,038 |
Total lease cost | $ 13,223 | $ 14,668 |
Note 11 - Leases - Future Minim
Note 11 - Leases - Future Minimum Lease payments (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019 |
2021 | $ 11,209 | |
2022 | 10,596 | |
2023 | 10,623 | |
2024 | 9,801 | |
2025 | 9,285 | |
Thereafter | 128,795 | |
Total minimum lease payments | 180,309 | |
Less imputed interest | (83,690) | |
Total operating lease liabilities | $ 96,619 | $ 92,711 |
Note 12 - Other Assets (Details
Note 12 - Other Assets (Details Textual) | Dec. 31, 2020 |
Performing Financial Instruments [Member] | |
Number of Loans | 8 |
Note 12 - Other Assets - Mortga
Note 12 - Other Assets - Mortgage Loans and Other Financing Receivables (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Balance | $ 7,829 | $ 14,448 | $ 21,838 |
New mortgage and other loans | 25,500 | 3,750 | 14,825 |
Additions under existing mortgage loans | 0 | 48 | 0 |
Foreign currency translation | 0 | 0 | 116 |
Amortization of loan discounts | 0 | 33 | 125 |
Loan repayments | (25) | (10,136) | (21,012) |
Collections of principal | (152) | (313) | (1,287) |
Charge off/foreign currency translation | 0 | 0 | (155) |
Allowance for credit losses | (906) | 0 | 0 |
Amortization of loan costs | 0 | (1) | (2) |
Balance | $ 32,246 | $ 7,829 | $ 14,448 |
Note 13 - Notes Payable (Detail
Note 13 - Notes Payable (Details Textual) - USD ($) $ in Thousands | Apr. 01, 2020 | Feb. 29, 2020 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Jan. 31, 2020 |
Gain (Loss) on Extinguishment of Debt, Total | $ (7,538) | $ 0 | $ (12,762) | |||
Debt Covenants Dividend Payment Restriction Maximum Payment | 26,000 | |||||
Term Loan [Member] | ||||||
Debt Instrument, Face Amount | $ 590,000 | |||||
Debt Instrument, Covenant, Additional Amount Through an Accordion Feature | $ 750,000 | |||||
Unsecured Debt [Member] | ||||||
Debt Issuance Costs, Net, Total | $ 55,800 | |||||
London Interbank Offered Rate (LIBOR) [Member] | Term Loan [Member] | ||||||
Debt Instrument, Basis Spread on Variable Rate | 1.40% | |||||
Base Rate [Member] | Term Loan [Member] | ||||||
Debt Instrument, Basis Spread on Variable Rate | 0.40% | |||||
Revolving Credit Facility [Member] | ||||||
Debt Instrument, Basis Spread on Variable Rate | 0.765% | |||||
Debt Instrument, Interest Rate, Effective Percentage | 0.91% | 2.64% | ||||
Line of Credit Facility, Current Borrowing Capacity | $ 2,000,000 | $ 2,250,000 | ||||
Debt Instrument, Increase (Decrease) In Effective Interest Rate | (0.01%) | |||||
Long-term Line of Credit, Total | $ 0 | |||||
Revolving Credit Facility [Member] | Credit Facility Accordion Feature [Member] | ||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 2,750,000 | |||||
Revolving Credit Facility [Member] | Other Assets [Member] | ||||||
Debt Issuance Costs, Net, Total | $ 5,600 | |||||
Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||||||
Debt Instrument, Basis Spread on Variable Rate | 0.765% | 0.875% | ||||
Letter of Credit [Member] | ||||||
Long-term Line of Credit, Total | $ 300 |
Note 13 - Notes Payable - Notes
Note 13 - Notes Payable - Notes Payable (Details) - USD ($) $ in Millions | Dec. 31, 2020 | Dec. 31, 2019 | |
Balance, Net | $ 5,044.2 | $ 4,831.8 | |
Weighted Average [Member] | |||
Interest Rate | [1] | 3.33% | 3.46% |
Notes Payable [Member] | |||
Deferred financing costs, net (3) | [2] | $ (55.8) | $ (53.1) |
Unsecured Debt [Member] | |||
Gross Balance | 5,100 | ||
Unsecured Debt [Member] | Notes Payable [Member] | |||
Gross Balance | $ 5,100 | $ 4,684.9 | |
Unsecured Debt [Member] | Notes Payable [Member] | Minimum [Member] | |||
Interest Rate | 1.90% | 2.70% | |
Unsecured Debt [Member] | Notes Payable [Member] | Maximum [Member] | |||
Interest Rate | 4.45% | 4.45% | |
Line of Credit [Member] | Notes Payable [Member] | |||
Gross Balance | $ 0 | $ 200 | |
[1] | Weighted-average interest rate | ||
[2] | As of December 31, 2020, the Company had $5.6 million of deferred financing costs, net related to the Credit Facility that are included in Other assets on the Companyās Consolidated Balance Sheets. |
Note 13 - Notes Payable - Senio
Note 13 - Notes Payable - Senior Unsecured Notes Issuance (Details) $ in Millions | Dec. 31, 2020USD ($) | |
Senior Unsecured Notes 1 [Member] | ||
Amount Issued | $ 400 | |
Interest Rate | 1.90% | |
Senior Unsecured Notes 2 [Member] | ||
Amount Issued | $ 500 | [1] |
Interest Rate | 2.70% | [1] |
Senior Unsecured Notes 3 [Member] | ||
Amount Issued | $ 350 | |
Interest Rate | 3.70% | |
[1] | In July 2020, the Company issued unsecured notes (the "Green Bond"), of which the net proceeds from this offering are allocated to finance or refinance, in whole or in part, recently completed, existing or future Eligible Green Projects, in alignment with the four core components of the Green Bond Principles, 2018 as administered by the International Capital Market Association. Eligible Green Projects include projects with disbursements made in the three years preceding the issue date of the notes. |
Note 13 - Notes Payable - Repai
Note 13 - Notes Payable - Repaid Notes (Details) - Senior Note 1 [Member] $ in Millions | 12 Months Ended | |
Dec. 31, 2020USD ($) | [1] | |
Amount Repaid | $ 484.9 | |
Interest Rate | 3.20% | |
[1] | The Company incurred a prepayment charge of $7.5 million, which is included in Early extinguishment of debt charges on the Company's Consolidated Statements of Income. |
Note 13 - Notes Payable - Matur
Note 13 - Notes Payable - Maturities of All Unsecured Notes Payable (Details) - Unsecured Debt [Member] $ in Millions | Dec. 31, 2020USD ($) |
2021 | $ 0 |
2022 | 500 |
2023 | 350 |
2024 | 400 |
2025 | 500 |
Thereafter | 3,350 |
Total | $ 5,100 |
Note 14 - Mortgages and Const_3
Note 14 - Mortgages and Construction Loan Payable (Details Textual) $ in Millions | 1 Months Ended | 12 Months Ended | |
Jan. 31, 2020 | Dec. 31, 2020USD ($) | Dec. 31, 2019USD ($) | |
Debt Instrument, Unamortized Discount (Premium), Net, Total | $ 3.5 | ||
Construction Loans [Member] | |||
Debt Instrument, Interest Rate, Effective Percentage | 3.56% | ||
Construction Loans [Member] | London Interbank Offered Rate (LIBOR) [Member] | |||
Debt Instrument, Basis Spread on Variable Rate | 1.80% | ||
Mortgage Debt Encumbered Operating Property [Member] | |||
Repayments of Long-term Debt, Total | 92 | $ 6.6 | |
Liabilities, Fair Value Adjustment | $ 0.4 | $ 0.1 | |
Number of Real Estate Properties | 4 | 3 | |
Debt Instrument, Increase (Decrease), Net, Total | $ 7 | ||
Debt Instrument, Decrease, Forgiveness | 2.8 | ||
Mortgages [Member] | |||
Debt Issuance Costs, Net, Total | $ 0.6 | $ 1.5 |
Note 14 - Mortgages and Const_4
Note 14 - Mortgages and Construction Loan Payable - Mortgages Payable (Details) - USD ($) $ in Millions | Dec. 31, 2020 | Dec. 31, 2019 | |
Balance, Net | $ 5,044.2 | $ 4,831.8 | |
Weighted Average [Member] | |||
Interest Rate | [1] | 3.33% | 3.46% |
Mortgages [Member] | |||
Gross Balance | $ 308.4 | $ 410.6 | |
Interest Rate | [1] | 4.73% | |
Fair value debt adjustments, net | $ 3.5 | 7.9 | |
Deferred financing costs, net | (0.6) | (1.5) | |
Balance, Net | $ 311.3 | $ 484 | |
Mortgages [Member] | Minimum [Member] | |||
Interest Rate | 3.23% | 3.23% | |
Mortgages [Member] | Maximum [Member] | |||
Interest Rate | 7.23% | 7.23% | |
Mortgages [Member] | Weighted Average [Member] | |||
Interest Rate | [1] | 4.97% | |
Construction Loans [Member] | |||
Gross Balance | [2] | $ 0 | $ 67 |
Interest Rate | [2] | 3.56% | |
[1] | Weighted-average interest rate | ||
[2] | Accrued interest at a rate of LIBOR plus 1.80% (3.56% as of December 31, 2019). In January 2020, the construction loan had been was fully repaid. |
Note 14 - Mortgages and Const_5
Note 14 - Mortgages and Construction Loan Payable - Maturities of All Mortgages Payable (Details) - Mortgages Payable and Construction Loans [Member] $ in Millions | Dec. 31, 2020USD ($) |
2021 | $ 144.9 |
2022 | 144.4 |
2023 | 15.1 |
2024 | 1.7 |
2025 | 0.6 |
Thereafter | 1.7 |
Total | $ 308.4 |
Note 15 - Noncontrolling Inte_3
Note 15 - Noncontrolling Interests and Redeemable Noncontrolling Interests (Details Textual) $ / shares in Units, $ in Thousands | 12 Months Ended | |||||||
Dec. 31, 2020USD ($) | Dec. 31, 2019USD ($)shares | Dec. 31, 2018USD ($)shares | Dec. 31, 2007USD ($)shares | Dec. 31, 2006USD ($)$ / sharesshares | ||||
Noncontrolling Interest, Increase from Subsidiary Equity Issuance | $ 149 | $ 109 | ||||||
Redeemable Noncontrolling Interest, Equity, Carrying Amount, Total | 15,784 | $ 17,943 | 23,682 | |||||
Payments to Noncontrolling Interests | 20,600 | |||||||
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests | [1] | 0 | 5,752 | |||||
Adjustments to Additional Paid in Capital, Other | 19,300 | |||||||
Noncontrolling Interest, Change in Redemption Value | $ (2,160) | [2] | 0 | [2] | $ 7,521 | |||
Measurement Input, Cap Rate [Member] | ||||||||
Noncontrolling Interest, Fair Value, Measurement Input | 5.50 | |||||||
Measurement Input, Discount Rate [Member] | ||||||||
Noncontrolling Interest, Fair Value, Measurement Input | 6.50 | |||||||
Convertible Units [Member] | ||||||||
Noncontrolling Interest, Increase from Subsidiary Equity Issuance | $ 5,300 | |||||||
Non-controlling Interest, Units (in shares) | shares | 138,015 | |||||||
Convertible Units [Member] | Fair Market Value Adjustments [Member] | ||||||||
Noncontrolling Interest, Increase from Subsidiary Equity Issuance | $ 300 | |||||||
Capital Units, Class B [Member] | ||||||||
Redeemable Noncontrolling Interest, Equity, Carrying Amount, Total | $ 16,100 | $ 16,200 | ||||||
Non-controlling Interest, Units Issued (in shares) | shares | 647,758 | |||||||
Non-controlling Interest, Par Value (in dollars per share) | $ / shares | $ 37.24 | |||||||
Redeemable Units to Company Common Stock, Ratio | 1 | |||||||
Non-controlling Interest, Units Redeemed (in shares) | shares | 188,951 | 25,970 | 30,000 | |||||
Non-controlling Interest, Cumulative Par Value | $ 8,000 | $ 1,100 | $ 1,100 | |||||
Cash Paid to Noncontrolling Interests to Settle Capital Units | 4,000 | 500 | ||||||
Noncontrolling Interest [Member] | ||||||||
Noncontrolling Interest, Increase from Subsidiary Equity Issuance | 149 | $ 109 | ||||||
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests | $ 1,300 | |||||||
Class A Units [Member] | ||||||||
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests | $ 5,800 | |||||||
Minority Interest, Units Redeemed (in shares) | shares | 5,223,313 | |||||||
PUERTO RICO | ||||||||
Number of Real Estate Properties | 7 | |||||||
Noncontrolling Interest, Increase from Subsidiary Equity Issuance | $ 233,000 | |||||||
Redeemable Noncontrolling Interest, Equity, Carrying Amount, Total | 5,200 | $ 5,200 | ||||||
PUERTO RICO | Fair Market Value Adjustments [Member] | ||||||||
Noncontrolling Interest, Increase from Subsidiary Equity Issuance | 15,100 | |||||||
PUERTO RICO | Non-convertible Units [Member] | ||||||||
Noncontrolling Interest, Increase from Subsidiary Equity Issuance | 158,600 | |||||||
PUERTO RICO | Convertible Units [Member] | ||||||||
Noncontrolling Interest, Increase from Subsidiary Equity Issuance | 45,800 | |||||||
PUERTO RICO | Premiums [Member] | ||||||||
Noncontrolling Interest, Increase from Subsidiary Equity Issuance | $ 13,500 | |||||||
[1] | During 2019, the Company redeemed all 5,223,313 Class A Units for a total redemption price of $5.8 million. | |||||||
[2] | During the year ended December 31, 2020, the Company recorded an adjustment of $2.2 million to the estimated redemption fair market value of this noncontrolling interest in accordance with the provisions of the joint venture agreement and ASC 480 ā Accounting for Redeemable Equity Instruments. The Company assesses the fair market value of this noncontrolling interest on a recurring basis and determined that its valuation was classified within Level 3 of the fair value hierarchy. The estimated fair market value of this noncontrolling interest was based upon a discounted cash flow model, for which a capitalization rate of 5.50% and discount rate of 6.50% were utilized in the model based upon unobservable rates that the Company believes to be within a reasonable range of current market rates. No adjustment to fair value was required during the year ended December 31, 2019. |
Note 15 - Noncontrolling Inte_4
Note 15 - Noncontrolling Interests and Redeemable Noncontrolling Interests - Convertible Non-convertible Units (Details) | 12 Months Ended | |
Dec. 31, 2020$ / sharesshares | ||
Class B-1 Preferred Units [Member] | ||
Par Value Per Unit (in dollars per share) | $ / shares | $ 10,000 | [1] |
Number of Units Remaining (in shares) | shares | 189 | [1] |
Return Per Annum | 7.00% | [1] |
Class B-2 Preferred Units [Member] | ||
Par Value Per Unit (in dollars per share) | $ / shares | $ 10,000 | [2] |
Number of Units Remaining (in shares) | shares | 42 | [2] |
Return Per Annum | 7.00% | [2] |
Class C DownReit Units [Member] | ||
Par Value Per Unit (in dollars per share) | $ / shares | $ 30.52 | [1] |
Number of Units Remaining (in shares) | shares | 52,797 | [1] |
[1] | These units are redeemable for cash by the holder or at the Companyās option, shares of the Companyās common stock, based upon the conversion calculation as defined in the agreement. These units are included in Noncontrolling interests on the Companyās Consolidated Balance Sheets. | |
[2] | These units are redeemable for cash by the holder or callable by the Company and are included in Redeemable noncontrolling interests on the Company's Consolidated Balance Sheets. |
Note 15 - Noncontrolling Inte_5
Note 15 - Noncontrolling Interests and Redeemable Noncontrolling Interests - Redemption Value of the Redeemable Noncontrolling Interests (Details) - USD ($) $ in Thousands | 12 Months Ended | |||||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | ||||
Balance | $ 17,943 | $ 23,682 | ||||
Income | 1,022 | 358 | ||||
Distributions | (1,021) | (345) | ||||
Redemption of redeemable units (1) | [1] | 0 | (5,752) | |||
Adjustment to estimated redemption value (2) | (2,160) | [2] | 0 | [2] | $ 7,521 | |
Balance | $ 15,784 | $ 17,943 | $ 23,682 | |||
[1] | During 2019, the Company redeemed all 5,223,313 Class A Units for a total redemption price of $5.8 million. | |||||
[2] | During the year ended December 31, 2020, the Company recorded an adjustment of $2.2 million to the estimated redemption fair market value of this noncontrolling interest in accordance with the provisions of the joint venture agreement and ASC 480 ā Accounting for Redeemable Equity Instruments. The Company assesses the fair market value of this noncontrolling interest on a recurring basis and determined that its valuation was classified within Level 3 of the fair value hierarchy. The estimated fair market value of this noncontrolling interest was based upon a discounted cash flow model, for which a capitalization rate of 5.50% and discount rate of 6.50% were utilized in the model based upon unobservable rates that the Company believes to be within a reasonable range of current market rates. No adjustment to fair value was required during the year ended December 31, 2019. |
Note 16 - Fair Value Disclosu_3
Note 16 - Fair Value Disclosure of Financial Instruments (Details Textual) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2020USD ($) | Dec. 31, 2019USD ($) | Dec. 31, 2018USD ($) | ||
Asset Impairment Charges, Total | $ 6,624 | $ 48,743 | $ 79,207 | |
Measurement Input, Cap Rate [Member] | ||||
Real Estate, Measurement Input | 10.50 | |||
Measurement Input, Discount Rate [Member] | ||||
Real Estate, Measurement Input | 11.50 | |||
Estimate of Fair Value Measurement [Member] | ||||
Notes Payable, Fair Value Disclosure | [1] | 5,486,953 | $ 4,983,763 | |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | ||||
Notes Payable, Fair Value Disclosure | $ 5,500,000 | 4,800,000 | ||
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member] | ||||
Notes Payable, Fair Value Disclosure | $ 199,900 | |||
[1] | The Company determined that the valuation of its Senior Unsecured Notes were classified within Level 2 of the fair value hierarchy and its Credit Facility was classified within Level 3 of the fair value hierarchy. The estimated fair value amounts classified as Level 2 as of December 31, 2020 and 2019, were $5.5 billion and $4.8 billion, respectively. The estimated fair value amounts classified as Level 3 as of December 31, 2019, was $199.9 million. |
Note 16 - Fair Value Disclosu_4
Note 16 - Fair Value Disclosure of Financial Instruments - Estimate of Fair Value Differs From Carrying Amounts (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019 | |
Mortgages [Member] | |||
Mortgages and construction loan payable, net (2) | $ 3,500 | $ 7,900 | |
Reported Value Measurement [Member] | |||
Notes payable, net (1) | [1] | 5,044,208 | 4,831,759 |
Reported Value Measurement [Member] | Mortgages [Member] | |||
Mortgages and construction loan payable, net (2) | [2] | 311,272 | 484,008 |
Estimate of Fair Value Measurement [Member] | |||
Notes payable, net (1) | [1] | 5,486,953 | 4,983,763 |
Estimate of Fair Value Measurement [Member] | Mortgages [Member] | |||
Mortgages and construction loan payable, net (2) | [2] | $ 312,933 | $ 486,042 |
[1] | The Company determined that the valuation of its Senior Unsecured Notes were classified within Level 2 of the fair value hierarchy and its Credit Facility was classified within Level 3 of the fair value hierarchy. The estimated fair value amounts classified as Level 2 as of December 31, 2020 and 2019, were $5.5 billion and $4.8 billion, respectively. The estimated fair value amounts classified as Level 3 as of December 31, 2019, was $199.9 million. | ||
[2] | The Company determined that its valuation of these mortgages and construction loan payable was classified within Level 3 of the fair value hierarchy. |
Note 16 - Fair Value Disclosu_5
Note 16 - Fair Value Disclosure of Financial Instruments - Assets and Liabilities Measured at Fair Value on a Recurring and Nonrecurring Basis (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019 |
Fair Value, Nonrecurring [Member] | ||
Real estate | $ 24,899 | $ 39,510 |
Other real estate investments | 5,464 | 32,974 |
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Real estate | 0 | 0 |
Other real estate investments | 0 | 0 |
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Real estate | 0 | 0 |
Other real estate investments | 0 | 0 |
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Real estate | 24,899 | 39,510 |
Other real estate investments | 5,464 | 32,974 |
Fair Value, Recurring [Member] | ||
Marketable equity securities | 706,954 | 9,353 |
Marketable equity securities | 706,954 | 9,353 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Marketable equity securities | 706,954 | 9,353 |
Marketable equity securities | 706,954 | 9,353 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Marketable equity securities | 0 | |
Marketable equity securities | $ 0 | |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Marketable equity securities | 0 | |
Marketable equity securities | $ 0 |
Note 17 - Preferred Stock, Co_3
Note 17 - Preferred Stock, Common Stock and Convertible Unit Transactions (Details Textual) $ / shares in Units, $ in Thousands | 1 Months Ended | 12 Months Ended | ||
Sep. 30, 2019USD ($)$ / shares | Dec. 31, 2020USD ($)$ / sharesshares | Dec. 31, 2019USD ($)$ / sharesshares | Dec. 31, 2018shares | |
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares | $ 0.01 | $ 0.01 | ||
Stock Repurchased During Period, Shares (in shares) | shares | 294,346 | 223,609 | 278,566 | |
Stockholders' Equity Attributable to Noncontrolling Interest, Ending Balance | $ 62,210 | $ 64,015 | ||
Partners' Capital Account, Units, Converted (in shares) | shares | 700,000 | |||
Share Repurchase Program [Member] | ||||
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares | $ 0.01 | |||
Stock Repurchase Program, Remaining Authorized Repurchase Amount | $ 224,900 | |||
Stock Repurchase Program, Authorized Amount | $ 300,000 | |||
Stock Repurchased During Period, Shares (in shares) | shares | 0 | 0 | ||
ATM Program [Member] | ||||
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares | $ 0.01 | |||
Maximum Aggregate Sales Price | $ 500,000 | |||
Stock Issued During Period, Shares, New Issues (in shares) | shares | 0 | 9,514,544 | ||
Proceeds from Issuance of Common Stock | $ 200,100 | |||
Payments of Stock Issuance Costs | $ 1,800 | |||
Stock Repurchase Program, Remaining Authorized Repurchase Amount | $ 298,100 | |||
Series I, J, K, L or M Preferred Stock [Member] | ||||
Number of Votes | 1,000 | |||
Number of Proxies | 1,000 | |||
Number of Votes, Depositary | 1 | |||
Series I Preferred Stock [Member] | ||||
Preferred Stock, Liquidation Preference Per Share (in dollars per share) | $ / shares | $ 25,000 | |||
Series J Preferred Stock [Member] | ||||
Preferred Stock, Liquidation Preference Per Share (in dollars per share) | $ / shares | 25,000 | |||
Depositary Share [Member] | ||||
Preferred Stock, Liquidation Preference Per Share (in dollars per share) | $ / shares | $ 25 | |||
Convertible Units [Member] | ||||
Stockholders' Equity Attributable to Noncontrolling Interest, Ending Balance | $ 10,900 |
Note 17 - Preferred Stock, Co_4
Note 17 - Preferred Stock, Common Stock and Convertible Unit Transactions - Outstanding Preferred Stock (Details) - USD ($) $ / shares in Units, $ in Millions | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Preferred stock, shares authorized (in shares) | 7,054,000 | 7,054,000 |
Preferred stock, liquidation preference | $ 489.5 | $ 489.5 |
Preferred stock, par value (in dollars per share) | $ 1 | $ 1 |
Series L Preferred Stock [Member] | ||
Preferred stock, shares authorized (in shares) | 10,350 | |
Shares issued and outstanding (in shares) | 9,000 | |
Preferred stock, liquidation preference | $ 225 | |
Dividend rate | 5.125% | |
Annual dividend per depository share (in dollars per share) | $ 1.28125 | |
Preferred stock, par value (in dollars per share) | $ 1 | |
Series M Preferred Stock [Member] | ||
Preferred stock, shares authorized (in shares) | 10,580 | |
Shares issued and outstanding (in shares) | 10,580 | |
Preferred stock, liquidation preference | $ 264.5 | |
Dividend rate | 5.25% | |
Annual dividend per depository share (in dollars per share) | $ 1.31250 | |
Preferred stock, par value (in dollars per share) | $ 1 | |
Total [Member] | ||
Shares issued and outstanding (in shares) | 19,580 | |
Preferred stock, liquidation preference | $ 489.5 |
Note 17 - Preferred Stock, Co_5
Note 17 - Preferred Stock, Common Stock and Convertible Unit Transactions - Preferred Stock Redeemed (Details) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | ||
Redemption Charges | $ 0 | $ 18,528 | $ 0 | |
Series J Preferred Stock [Member] | ||||
Depositary Shares Redeemed (in shares) | 9,000,000 | |||
Redemption Price (in dollars per share) | $ 25 | |||
Redemption Amount | $ 225,000 | |||
Redemption Charges | [1] | $ 7,100 | ||
Series I Preferred Stock [Member] | ||||
Depositary Shares Redeemed (in shares) | 7,000,000 | |||
Redemption Price (in dollars per share) | $ 25 | |||
Redemption Amount | $ 175,000 | |||
Redemption Charges | [1] | $ 5,500 | ||
Series K Preferred Stock [Member] | ||||
Depositary Shares Redeemed (in shares) | 7,000,000 | |||
Redemption Price (in dollars per share) | $ 25 | |||
Redemption Amount | $ 175,000 | |||
Redemption Charges | [1] | $ 5,900 | ||
[1] | Redemption charges resulting from the difference between the redemption amount and the carrying amount of the respective preferred stock class on the Company's Condensed Consolidated Balance Sheets are accounted for in accordance with the FASB's guidance on Distinguishing Liabilities from Equity. These charges were subtracted from net income attributable to the Company to arrive at net income available to the Company's common shareholders and used in the calculation of earnings per share. |
Note 17 - Preferred Stock, Co_6
Note 17 - Preferred Stock, Common Stock and Convertible Unit Transactions - Dividends Declared (Details) - $ / shares | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Common Stock (in dollars per share) | $ 0.54000 | $ 1.12000 | $ 1.12000 |
Series I Preferred Stock [Member] | |||
Preferred Shares (in dollars per share) | 0 | 0.99583 | 1.50000 |
Series J Preferred Stock [Member] | |||
Preferred Shares (in dollars per share) | 0 | 1.37500 | 1.37500 |
Series K Preferred Stock [Member] | |||
Preferred Shares (in dollars per share) | 0 | 0.93359 | 1.40625 |
Series L Preferred Stock [Member] | |||
Preferred Shares (in dollars per share) | 1.28125 | 1.28125 | 1.28125 |
Series M Preferred Stock [Member] | |||
Preferred Shares (in dollars per share) | $ 1.31250 | $ 1.31250 | $ 1.31250 |
Note 18 - Supplemental Schedu_3
Note 18 - Supplemental Schedule of Non-cash Investing / Financing Activities - Non-cash Investing and Financing Activities (Details) - USD ($) $ in Thousands | 12 Months Ended | ||||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |||
Acquisition of real estate interests through proceeds held in escrow | $ 0 | $ 36,076 | $ 0 | ||
Proceeds deposited in escrow through sale of real estate interests | 0 | 5,106 | 41,949 | ||
Disposition of real estate interests through the issuance of mortgage receivable | 0 | 3,750 | 14,700 | ||
Disposition of real estate interests by a deed in lieu/foreclosure of debt | 0 | 3,892 | 7,444 | ||
Forgiveness of debt due to a deed in lieu/foreclosure | 0 | 6,905 | 12,415 | ||
Capital expenditures accrual | 37,411 | 65,900 | 60,611 | ||
Surrender of restricted common stock | 5,395 | 4,030 | 4,360 | ||
Dividends payable | 5,366 | 126,274 | 130,262 | ||
Adjustment to estimated redemption value (2) | (2,160) | [1] | 0 | [1] | 7,521 |
Increase in real estate and other assets, net | 0 | 7,884 | 0 | ||
Increase in mortgages payable, other liabilities and noncontrolling interests | 0 | 7,747 | 0 | ||
Decrease in real estate and other assets | 0 | 0 | 300,299 | ||
Increase in investments in and advances to real estate joint ventures | 0 | 0 | 62,429 | ||
Decrease in mortgages and construction loan payable, other liabilities and noncontrolling interests | $ 0 | $ 0 | $ 248,274 | ||
[1] | During the year ended December 31, 2020, the Company recorded an adjustment of $2.2 million to the estimated redemption fair market value of this noncontrolling interest in accordance with the provisions of the joint venture agreement and ASC 480 ā Accounting for Redeemable Equity Instruments. The Company assesses the fair market value of this noncontrolling interest on a recurring basis and determined that its valuation was classified within Level 3 of the fair value hierarchy. The estimated fair market value of this noncontrolling interest was based upon a discounted cash flow model, for which a capitalization rate of 5.50% and discount rate of 6.50% were utilized in the model based upon unobservable rates that the Company believes to be within a reasonable range of current market rates. No adjustment to fair value was required during the year ended December 31, 2019. |
Note 19 - Transactions With R_2
Note 19 - Transactions With Related Parties (Details Textual) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Ripco [Member] | |||
Related Party Transaction, Amounts of Transaction | $ 0.5 | $ 0.4 | $ 0.2 |
Officer [Member] | Ripco [Member] | |||
Percentage of Ownership | 50.00% |
Note 20 - Commitments and Con_2
Note 20 - Commitments and Contingencies (Details Textual) $ in Millions | Dec. 31, 2020USD ($) |
Letters of Credit Outstanding, Amount | $ 36.2 |
Performance and Surety Bonds | $ 16.3 |
Note 21 - Incentive Plans (Deta
Note 21 - Incentive Plans (Details Textual) - USD ($) $ / shares in Units, $ in Millions | 12 Months Ended | ||||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | May 31, 2020 | ||
Share-based Payment Arrangement, Expense | $ 23.7 | $ 20.2 | $ 18.2 | ||
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $ 34.4 | ||||
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 2 years 10 months 24 days | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) | 0 | 0 | 0 | ||
Share-based Payment Arrangement, Option, Exercise Price Range, Lower Range Limit (in dollars per share) | $ 15.09 | ||||
Share-based Payment Arrangement, Option, Exercise Price Range, Upper Range Limit (in dollars per share) | $ 24.12 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term (Year) | 1 year 4 months 24 days | ||||
Proceeds from Stock Options Exercised | $ 1 | $ 3.9 | $ 0.6 | ||
Common Stock, Shares, Issued, Total (in shares) | 432,518,743 | 431,814,951 | |||
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent | 5.00% | ||||
Defined Contribution Plan, Cost | $ 2.3 | $ 2.2 | 2.2 | ||
Employee [Member] | |||||
Severance Costs | $ 8.7 | $ 2.6 | $ 3.8 | ||
Restricted Stock [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share) | $ 18.67 | $ 18.03 | $ 14.72 | ||
Dividend, Share-based Payment Arrangement, Shares | $ 2.2 | $ 3 | $ 2.8 | ||
Performance Shares [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share) | $ 18.02 | $ 22 | $ 15.40 | ||
Common Stock, Shares, Issued, Total (in shares) | 594,900 | 104,551 | 0 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate | [1] | 0.00% | 0.00% | 0.00% | |
The 2020 Equity Participation Plan [Member] | |||||
Common Stock, Capital Shares Reserved for Future Issuance (in shares) | 10,000,000 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares) | 9,980,000 | ||||
[1] | Total Shareholder Returns, as used in the performance share awards computation, are measured based on cumulative dividend stock prices, as such a zero percent dividend yield is utilized. |
Note 21 - Incentive Plans - Sto
Note 21 - Incentive Plans - Stock Options Activity (Details) - USD ($) $ / shares in Units, $ in Millions | 12 Months Ended | |||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Options outstanding (in shares) | 1,297,936 | 1,641,366 | 3,464,946 | |
Options outstanding, weighted average exercise price per share (in dollars per share) | $ 20.03 | $ 19.60 | $ 18.78 | $ 27.81 |
Options outstanding, aggregate intrinsic value | $ 0 | $ 2 | $ 0.4 | $ 0 |
Options exercised, shares (in shares) | (63,365) | (268,856) | (42,259) | |
Options exercised, weighted average exercise price per share (in dollars per share) | $ 15.48 | $ 14.43 | $ 14 | |
Options exercised, aggregate intrinsic value | $ 0.2 | $ 1.1 | $ 0.1 | |
Options forfeited, shares (in shares) | (72,250) | (74,574) | (1,781,321) | |
Options forfeited, weighted average exercise price per share (in dollars per share) | $ 16.20 | $ 20.24 | $ 36.53 | |
Options outstanding (in shares) | 1,162,321 | 1,297,936 | 1,641,366 | |
Options Exercisable, Shares (in shares) | 1,162,321 | 1,297,936 | 1,641,366 | |
Options exercisable, weighted average exercise price per share (in dollars per share) | $ 20.03 | $ 19.60 | $ 18.78 | |
Options exercisable, aggregate intrinsic value | $ 0 | $ 2 | $ 0.4 |
Note 21 - Incentive Plans - Res
Note 21 - Incentive Plans - Restricted Stock Activity (Details) - Restricted Stock [Member] - shares | 12 Months Ended | |||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | ||
Restricted stock outstanding as of January 1, (in shares) | 2,367,843 | 2,104,914 | 1,777,429 | |
Granted (1) (in shares) | [1] | 820,150 | 884,170 | 1,100,590 |
Vested (in shares) | (784,120) | (603,148) | (751,201) | |
Forfeited (in shares) | (9,048) | (18,093) | (21,904) | |
Restricted stock outstanding as of December 31, (in shares) | 2,394,825 | 2,367,843 | 2,104,914 | |
[1] | The weighted-average grant date fair value for restricted stock issued during the years ended December 31, 2020, 2019 and 2018 were $18.67, $18.03 and $14.72, respectively. |
Note 21 - Incentive Plans - Per
Note 21 - Incentive Plans - Performance Shares Activity (Details) - Performance Shares [Member] - shares | 12 Months Ended | |||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | ||
Restricted stock outstanding as of January 1, (in shares) | 704,530 | 433,230 | 235,950 | |
Granted (1) (in shares) | [1] | 506,720 | 407,080 | 297,450 |
Vested (in shares) | [2] | (297,450) | (135,780) | (100,170) |
Restricted stock outstanding as of December 31, (in shares) | 913,800 | 704,530 | 433,230 | |
[1] | The weighted-average grant date fair value for performance shares issued during the years ended December 31, 2020, 2019 and 2018 were $18.02, $22.00 and $15.40, respectively. | |||
[2] | For the years ended December 31, 2020, 2019 and 2018, the corresponding common stock equivalent of these vested awards were 594,900, 104,551 and 0 shares, respectively. |
Note 21 - Incentive Plans - P_2
Note 21 - Incentive Plans - Performance Shares Significant Fair Value Assumptions (Details) - Performance Shares [Member] - $ / shares | 12 Months Ended | |||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | ||
Stock price (in dollars per share) | $ 18.93 | $ 17.81 | $ 14.99 | |
Dividend yield (1) | [1] | 0.00% | 0.00% | 0.00% |
Risk-free rate | 1.42% | 2.52% | 2.39% | |
Volatility (2) | [2] | 24.67% | 24.55% | 22.90% |
Term of the award (Year) | 2 years 10 months 17 days | 2 years 10 months 17 days | 2 years 10 months 6 days | |
[1] | Total Shareholder Returns, as used in the performance share awards computation, are measured based on cumulative dividend stock prices, as such a zero percent dividend yield is utilized. | |||
[2] | Volatility is based on the annualized standard deviation of the daily logarithmic returns on dividend-adjusted closing prices over the look-back period based on the term of the award. |
Note 22 - Income Taxes (Details
Note 22 - Income Taxes (Details Textual) - USD ($) $ in Millions | 1 Months Ended | 2 Months Ended | 12 Months Ended | ||
Aug. 31, 2016 | Dec. 31, 2019 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Required Dividend Payout | 90.00% | ||||
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21.00% | ||||
Federal Income Tax Benefit from AMT Credit Refunds | $ 3.7 | ||||
Deferred Federal Income Tax Expense (Benefit) | (1.1) | ||||
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount | $ 1.6 | ||||
Unrecognized Tax Benefits, Ending Balance | $ 2.4 | $ 1.5 | $ 2.4 | ||
Mexican Tax Authority [Member] | |||||
Tax Assessment Estimated Penalties Expense | $ 52.6 | ||||
Tax Assessment, Estimated Penalties Expense, Amount Found to Be Improperly Assessed | 16.1 | ||||
Tax Assessment, Estimated Penalties Expense, Amount Found to Be Improperly Assessed, Reporting Entityās Share | $ 12.8 | ||||
Mexican Tax Authority [Member] | Tax Year 2010 [Member] | |||||
Income Tax Examination, Year under Examination | 2010 | ||||
Tax Assessment Estimated Tax Expense | $ 33.7 | ||||
Tax Assessment Estimated Interest Expense | 16.5 | ||||
Tax Assessment Estimated Penalties Expense | $ 11.4 | ||||
State and Local Jurisdiction [Member] | |||||
Effective Income Tax Rate Reconciliation, Real Estate Investment Trust, Amount | $ 1.5 | ||||
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount | $ 0.3 |
Note 22 - Income Taxes - GAAP N
Note 22 - Income Taxes - GAAP Net Income to Taxable Income Reconciliation (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 | ||
Net income | $ 201,234 | $ (38,394) | $ 747,893 | $ 90,100 | $ 109,419 | $ 83,990 | $ 101,027 | $ 116,169 | $ 1,000,833 | $ 410,605 | $ 497,795 | |
Net book depreciation in excess of tax depreciation | (61,272) | 55,903 | 46,754 | |||||||||
Capitalized leasing/legal commissions | 0 | 0 | (15,268) | |||||||||
Deferred/prepaid/above-market and below-market rents, net | (16,891) | (33,287) | (23,466) | |||||||||
Fair market value debt amortization | (3,847) | (4,510) | (5,268) | |||||||||
Book/tax differences from executive compensation (2) | [1] | 10,388 | 6,026 | 5,460 | ||||||||
Book/tax differences from investments in and advances to real estate joint ventures | 45,782 | 4,837 | 22,263 | |||||||||
Book/tax differences from sale of properties | (10,494) | (13,830) | (13,612) | |||||||||
Book/tax differences from accounts receivable | 45,175 | 1,573 | 1,636 | |||||||||
Book adjustment to property carrying values and marketable equity securities | (588,777) | 37,709 | 59,866 | |||||||||
Taxable currency exchange (loss)/gain, net | (29) | (33) | 929 | |||||||||
Tangible property regulation deduction | (50,597) | 0 | (40,361) | |||||||||
GAAP gain on change in control of joint venture interests | 0 | (137) | (6,800) | |||||||||
Dividends from TRSs | 2 | 3,331 | 526 | |||||||||
Severance accrual | 6,425 | (475) | 913 | |||||||||
Other book/tax differences, net | (1,097) | (3,946) | (1,774) | |||||||||
Adjusted REIT taxable income | 374,410 | 463,764 | 527,045 | |||||||||
Share-based Payment Arrangement, Option [Member] | ||||||||||||
Sharebased Compensation | (231) | (1,121) | (112) | |||||||||
GAAP Net Loss/(Income) of Taxable REIT Subsidiaries [Member] | ||||||||||||
Net income | (960) | 1,119 | (2,436) | |||||||||
GAAP Net Income From REIT Operations [Member] | ||||||||||||
Net income | [2] | $ 999,873 | $ 411,724 | $ 495,359 | ||||||||
[1] | In accordance with the Tax Cuts and Jobs Act, effective for tax years beginning on January 1, 2018, Section 162(m) of the Code a $1.0 million limit per executive was placed on the amount a company can deduct for executive compensation for each of their CEO, CFO and the other three most highly paid executives. | |||||||||||
[2] | All adjustments to "GAAP net income from REIT operations" are net of amounts attributable to noncontrolling interests and TRSs. |
Note 22 - Income Taxes - Taxabl
Note 22 - Income Taxes - Taxable Characteristics of Distributions Paid (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Dividends distributed, amount | $ 377,651 | $ 528,606 | $ 526,912 |
Series I Preferred Stock [Member] | |||
Ordinary income, amount | $ 0 | $ 7,389 | $ 5,565 |
Ordinary income, percent | 0.00% | 77.00% | 53.00% |
Capital gain, amount | $ 0 | $ 2,207 | $ 4,935 |
Capital gain, percent | 0.00% | 23.00% | 47.00% |
Dividends distributed, amount | $ 0 | $ 9,596 | $ 10,500 |
Dividends distributed, percent | 0.00% | 100.00% | 100.00% |
Series J Preferred Stock [Member] | |||
Ordinary income, amount | $ 0 | $ 11,541 | $ 6,559 |
Ordinary income, percent | 0.00% | 77.00% | 53.00% |
Capital gain, amount | $ 0 | $ 3,447 | $ 5,816 |
Capital gain, percent | 0.00% | 23.00% | 47.00% |
Dividends distributed, amount | $ 0 | $ 14,988 | $ 12,375 |
Dividends distributed, percent | 0.00% | 100.00% | 100.00% |
Series K Preferred Stock [Member] | |||
Ordinary income, amount | $ 0 | $ 6,927 | $ 5,217 |
Ordinary income, percent | 0.00% | 77.00% | 53.00% |
Capital gain, amount | $ 0 | $ 2,069 | $ 4,627 |
Capital gain, percent | 0.00% | 23.00% | 47.00% |
Dividends distributed, amount | $ 0 | $ 8,996 | $ 9,844 |
Dividends distributed, percent | 0.00% | 100.00% | 100.00% |
Series L Preferred Stock [Member] | |||
Ordinary income, amount | $ 4,382 | $ 8,879 | $ 6,111 |
Ordinary income, percent | 38.00% | 77.00% | 53.00% |
Capital gain, amount | $ 7,149 | $ 2,652 | $ 5,420 |
Capital gain, percent | 62.00% | 23.00% | 47.00% |
Dividends distributed, amount | $ 11,531 | $ 11,531 | $ 11,531 |
Dividends distributed, percent | 100.00% | 100.00% | 100.00% |
Series M Preferred Stock [Member] | |||
Ordinary income, amount | $ 5,277 | $ 10,692 | $ 6,031 |
Ordinary income, percent | 38.00% | 77.00% | 53.00% |
Capital gain, amount | $ 8,609 | $ 3,194 | $ 5,348 |
Capital gain, percent | 62.00% | 23.00% | 47.00% |
Dividends distributed, amount | $ 13,886 | $ 13,886 | $ 11,379 |
Dividends distributed, percent | 100.00% | 100.00% | 100.00% |
Common Stock 1 [Member] | |||
Ordinary income, amount | $ 133,849 | $ 328,726 | $ 235,642 |
Ordinary income, percent | 38.00% | 70.00% | 50.00% |
Capital gain, amount | $ 214,863 | $ 98,618 | $ 212,077 |
Capital gain, percent | 61.00% | 21.00% | 45.00% |
Dividends distributed, amount | $ 352,234 | $ 469,609 | $ 471,283 |
Dividends distributed, percent | 100.00% | 100.00% | 100.00% |
Return of capital, amount | $ 3,522 | $ 42,265 | $ 23,564 |
Return of capital, percent | 1.00% | 9.00% | 5.00% |
Note 22 - Income Taxes - Taxa_2
Note 22 - Income Taxes - Taxable Income and Provisions for Income Taxes (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | ||
Income/(loss) before income taxes ā U.S. | $ 1,051 | $ (1,682) | $ 4,331 | |
Deferred | (1,100) | |||
Federal tax benefit/(provision) | (1,457) | 2,968 | (2,876) | |
State and local tax provision | (14) | (45) | (457) | |
Total tax benefit/(provision)ā U.S. | 978 | (3,317) | 1,600 | |
Net income | 1,002,877 | 413,561 | 498,463 | |
Taxable REIT Subsidiaries [Member] | ||||
Current | (482) | 3,362 | (1,221) | |
Deferred | 539 | (349) | (1,198) | |
Federal tax benefit/(provision) | 57 | 3,013 | (2,419) | |
Current | (48) | (26) | (43) | |
Deferred | 34 | (19) | (414) | |
Total tax benefit/(provision)ā U.S. | 43 | 2,968 | (2,876) | |
Net income | 1,094 | 1,286 | 1,455 | |
(Loss)/income before taxes ā Non-U.S. | (64) | (599) | 2,384 | |
Current | [1] | (479) | 69 | (1,634) |
Deferred | 0 | (418) | 358 | |
Non-U.S. tax benefit | $ 479 | $ 349 | $ 1,276 | |
[1] | The year ended December 31, 2018 includes a charge of $1.6 million related to the recording of a deferred tax valuation allowance. |
Note 22 - Income Taxes - Statut
Note 22 - Income Taxes - Statutory Income Tax to Effective Income Tax Reconciliation (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | ||
Federal (provision)/benefit at statutory tax rate (1) (2) | [1],[2] | $ (221) | $ 3,010 | $ (2,490) |
State and local provision, net of federal benefit (3) (4) | [3],[4] | (1,236) | (42) | (386) |
Total tax (provision)/benefit ā U.S. | $ (1,457) | $ 2,968 | $ (2,876) | |
[1] | The year ended December 31, 2018 includes a charge of $1.6 million related to the recording of a deferred tax valuation allowance. | |||
[2] | The year ended December 31, 2019 includes a tax benefit from AMT credit refunds of $3.7 million and $1.1 million related to the recording of a deferred tax valuation allowance. | |||
[3] | The year ended December 31, 2018 includes a charge of $0.3 million related to the recording of a deferred tax valuation allowance. | |||
[4] | The year ended December 31, 2020 includes $1.5 million of estimated state and local tax provision related to the REIT operations. |
Note 22 - Income Taxes - Deferr
Note 22 - Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019 | |
Deferred tax assets: | |||
Net operating losses (1) | [1] | $ 17,885 | $ 20,917 |
Tax credit carryforwards (2) | [2] | 2,340 | 2,340 |
Capital loss carryforwards | 0 | 2,270 | |
Related party deferred losses | 619 | 619 | |
Charitable contribution carryforwards | 23 | 23 | |
Valuation allowance | (36,957) | (42,703) | |
Total deferred tax assets | 13,015 | 13,084 | |
Deferred tax liabilities | (12,765) | (12,844) | |
Net deferred tax assets | 250 | 240 | |
Domestic Tax Authority [Member] | |||
Deferred tax assets: | |||
Tax/GAAP basis differences | $ 29,105 | $ 29,618 | |
[1] | Expiration dates ranging from 2021 to 2032. | ||
[2] | Expiration dates ranging from 2027 to 2035. |
Note 23 - Earnings Per Share (D
Note 23 - Earnings Per Share (Details Textual) - shares shares in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Share-based Payment Arrangement, Option [Member] | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | 1.2 | 0.5 | 1.3 |
Note 23 - Earnings Per Share -
Note 23 - Earnings Per Share - Reconciliation of Earnings (Loss) and the Weighted Average Number of Shares (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | ||
Net income available to the Company's common shareholders | $ 975,417 | $ 339,988 | $ 439,604 | |
Change in estimated redemption value of redeemable noncontrolling interests | 2,160 | 0 | (7,521) | |
Earnings attributable to participating securities | (6,347) | (2,599) | (2,375) | |
Net income available to the Companyās common shareholders for basic earnings per share | 971,230 | 337,389 | 429,708 | |
Distributions on convertible units | 161 | 30 | 99 | |
Net income available to the Companyās common shareholders for diluted earnings per share | $ 971,391 | $ 337,419 | $ 429,807 | |
Weighted average common shares outstanding ā basic (in shares) | 429,950 | 420,370 | 420,641 | |
Equity awards (in shares) | [1] | 1,475 | 1,365 | 628 |
Assumed conversion of convertible units (in shares) | [1] | 208 | 64 | 110 |
Weighted average common shares outstanding ā diluted (in shares) | [1] | 431,633 | 421,799 | 421,379 |
Basic earnings per share (in dollars per share) | $ 2.26 | $ 0.80 | $ 1.02 | |
Diluted earnings per share (in dollars per share) | $ 2.25 | $ 0.80 | $ 1.02 | |
[1] | The effect of the assumed conversion of certain convertible units had an anti-dilutive effect upon the calculation of Income from continuing operations per share. Accordingly, the impact of such conversions has not been included in the determination of diluted earnings per share calculations. Additionally, there were 1.2 million, 0.5 million and 1.3 million stock options that were not dilutive as of December 31, 2020, 2019 and 2018, respectively. |
Note 24 - Supplemental Financ_3
Note 24 - Supplemental Financial Information (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 | |
Revenues | $ 269,441 | $ 259,792 | $ 238,916 | $ 289,744 | $ 296,130 | $ 282,871 | $ 284,873 | $ 295,010 | $ 1,057,893 | $ 1,158,884 | $ 1,164,762 |
Net income/(loss) attributable to the Company | $ 201,234 | $ (38,394) | $ 747,893 | $ 90,100 | $ 109,419 | $ 83,990 | $ 101,027 | $ 116,169 | $ 1,000,833 | $ 410,605 | $ 497,795 |
Basic (in dollars per share) | $ 0.46 | $ (0.10) | $ 1.71 | $ 0.19 | $ 0.22 | $ 0.14 | $ 0.20 | $ 0.24 | |||
Diluted (in dollars per share) | $ 0.45 | $ (0.10) | $ 1.71 | $ 0.19 | $ 0.22 | $ 0.14 | $ 0.20 | $ 0.24 |
Note 25 - Captive Insurance C_3
Note 25 - Captive Insurance Company (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Letters of Credit Outstanding, Amount | $ 36,200,000 | |
Kimco Insurance Company [Member] | ||
Captive Insurance, Percentage of Occurance Risk Layer | 100.00% | |
Captive Insurance, Obligation Per Occurrence | $ 250,000 | |
Letters of Credit Outstanding, Amount | 21,500,000 | |
Increase (Decrease) in Incurred Insurance Losses and Loss Adjustment Expenses | (200,000) | $ (1,900,000) |
Kimco Insurance Company [Member] | Minimum [Member] | ||
Captive Insurance, Annual Aggregates Per Policy | $ 7,800,000 | |
Captive Insurance, Obligations to Reinsurance Provider, Percent of Incurred Losses | 8.00% | |
Kimco Insurance Company [Member] | Maximum [Member] | ||
Captive Insurance, Annual Aggregates Per Policy | $ 13,200,000 | |
Captive Insurance, Obligations to Reinsurance Provider, Percent of Incurred Losses | 12.20% |
Note 25 - Captive Insurance C_4
Note 25 - Captive Insurance Company - Activity in the Liability for Unpaid Losses and Loss Adjustment Expenses (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Balance at the beginning of the year | $ 15,664 | $ 16,130 |
Incurred related to current year | 3,693 | 5,331 |
Incurred related to prior years | (179) | (1,948) |
Total incurred | 3,514 | 3,383 |
Paid related to current year | (450) | (256) |
Paid related to prior years | (4,986) | (3,593) |
Total paid | (5,436) | (3,849) |
Balance at the end of the year | $ 13,742 | $ 15,664 |
Schedule II - Valuation and Q_3
Schedule II - Valuation and Qualifying Accounts - Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | ||
SEC Schedule, 12-09, Allowance, Credit Loss [Member] | ||||
Balance at beginning of period | [1] | $ 0 | $ 20,438 | $ 17,066 |
Charged to expenses | [1] | 22,377 | 9,254 | |
Adjustments to valuation accounts | [1] | 0 | 0 | |
Deductions | [1] | 0 | (5,882) | |
Balance at end of period | [1] | 22,377 | 0 | 20,438 |
SEC Schedule, 12-09, Valuation Allowance, Deferred Tax Asset [Member] | ||||
Balance at beginning of period | 42,703 | 45,413 | 54,155 | |
Charged to expenses | 0 | 0 | 0 | |
Adjustments to valuation accounts | (5,746) | (2,710) | (8,742) | |
Deductions | 0 | 0 | 0 | |
Balance at end of period | $ 36,957 | $ 42,703 | $ 45,413 | |
[1] | Includes allowances on accounts receivable and straight-line rents. Effective January 1, 2019, in accordance with the adoption of Topic 842, the Company includes provision for doubtful accounts in Revenues from rental properties, net on the Company's Consolidated Statements of Income. If a lessee's accounts receivable balance is considered uncollectible, these uncollectible lessee lease receivables would be recognized as a reduction in revenues and would not be considered an allowance. With this implementation, the Allowance for Uncollectible Accounts was re-characterized to be appropriately reflected as reductions in revenues for uncollectible amounts. In addition, the Company also recognizes a general reserve which is included for the year ended December 31, 2020. See Footnote 1 of the Notes to the Consolidated Financial Statements for additional disclosure. |
Schedule III - Real Estate an_3
Schedule III - Real Estate and Accumulated Depreciation (Details Textual) $ in Billions | Dec. 31, 2020USD ($) |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Federal Income Tax Basis | $ 10 |
Schedule III - Real Estate an_4
Schedule III - Real Estate and Accumulated Depreciation - Real Estate and Accumulated Depreciation (Details) - USD ($) | 12 Months Ended | ||||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | ||
INITIAL COST LAND | $ 2,899,246,680 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,892,573,684 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 2,277,006,785 | ||||
LAND | 2,787,559,893 | ||||
BUILDING AND IMPROVEMENTS | 9,281,267,256 | ||||
TOTAL | 12,068,827,149 | $ 11,929,276,453 | $ 11,877,190,495 | $ 12,653,444,998 | |
ACCUMULATED DEPRECIATION | 2,717,113,527 | $ 2,500,052,642 | $ 2,385,287,743 | $ 2,433,052,747 | |
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 9,351,713,622 | ||||
ENCUMBRANCES | 311,272,167 | ||||
Shopping Center [Member] | Costco Plaza - 541 [Member] | |||||
INITIAL COST LAND | 4,995,639 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 19,982,557 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 635,604 | ||||
LAND | 4,995,639 | ||||
BUILDING AND IMPROVEMENTS | 20,618,161 | ||||
TOTAL | 25,613,800 | ||||
ACCUMULATED DEPRECIATION | 12,120,321 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 13,493,479 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Village on the Park [Member] | |||||
INITIAL COST LAND | 2,194,463 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 8,885,987 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 19,579,292 | ||||
LAND | 3,018,391 | ||||
BUILDING AND IMPROVEMENTS | 27,641,351 | ||||
TOTAL | 30,659,742 | ||||
ACCUMULATED DEPRECIATION | 6,989,480 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 23,670,262 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Camino Square [Member] | |||||
INITIAL COST LAND | 573,875 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,295,501 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 4,082,742 | ||||
LAND | 733,875 | ||||
BUILDING AND IMPROVEMENTS | 6,218,243 | ||||
TOTAL | 6,952,118 | ||||
ACCUMULATED DEPRECIATION | 3,872,616 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 3,079,502 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Market at Haynes Bridge [Member] | |||||
INITIAL COST LAND | 4,880,659 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 21,549,424 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 1,704,882 | ||||
LAND | 4,889,863 | ||||
BUILDING AND IMPROVEMENTS | 23,245,102 | ||||
TOTAL | 28,134,965 | ||||
ACCUMULATED DEPRECIATION | 8,683,617 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 19,451,348 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Fullerton Plaza [Member] | |||||
INITIAL COST LAND | 14,237,901 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,743,980 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 10,130,358 | ||||
LAND | 14,237,901 | ||||
BUILDING AND IMPROVEMENTS | 16,874,338 | ||||
TOTAL | 31,112,239 | ||||
ACCUMULATED DEPRECIATION | 2,474,848 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 28,637,391 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Century Plaza [Member] | |||||
INITIAL COST LAND | 178,785 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 925,818 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 1,030,295 | ||||
LAND | 95,905 | ||||
BUILDING AND IMPROVEMENTS | 2,038,993 | ||||
TOTAL | 2,134,898 | ||||
ACCUMULATED DEPRECIATION | 906,461 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,228,437 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Bridgehampton Commons - W&E Side [Member] | |||||
INITIAL COST LAND | 1,811,752 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,107,232 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 36,206,904 | ||||
LAND | 1,858,188 | ||||
BUILDING AND IMPROVEMENTS | 39,267,700 | ||||
TOTAL | 41,125,888 | ||||
ACCUMULATED DEPRECIATION | 23,913,758 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 17,212,130 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Oregon Trail Center [Member] | |||||
INITIAL COST LAND | 5,802,422 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 12,622,879 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 443,736 | ||||
LAND | 5,802,422 | ||||
BUILDING AND IMPROVEMENTS | 13,066,615 | ||||
TOTAL | 18,869,037 | ||||
ACCUMULATED DEPRECIATION | 5,748,725 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 13,120,312 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Rexville Town Center [Member] | |||||
INITIAL COST LAND | 24,872,982 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 48,688,161 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 9,080,665 | ||||
LAND | 25,678,064 | ||||
BUILDING AND IMPROVEMENTS | 56,963,744 | ||||
TOTAL | 82,641,808 | ||||
ACCUMULATED DEPRECIATION | 34,972,961 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 47,668,847 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Center of the Hills [Member] | |||||
INITIAL COST LAND | 2,923,585 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 11,706,145 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 3,449,912 | ||||
LAND | 2,923,585 | ||||
BUILDING AND IMPROVEMENTS | 15,156,057 | ||||
TOTAL | 18,079,642 | ||||
ACCUMULATED DEPRECIATION | 7,055,163 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 11,024,479 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Burke Town Plaza [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 43,240,068 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (5,703,824) | ||||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 37,536,244 | ||||
TOTAL | 37,536,244 | ||||
ACCUMULATED DEPRECIATION | 7,567,540 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 29,968,704 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Mesa Riverview [Member] | |||||
INITIAL COST LAND | 15,000,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 141,972,408 | |||
LAND | 307,992 | ||||
BUILDING AND IMPROVEMENTS | 156,664,416 | ||||
TOTAL | 156,972,408 | ||||
ACCUMULATED DEPRECIATION | 68,633,902 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 88,338,506 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Brookhurst Center [Member] | |||||
INITIAL COST LAND | 10,492,714 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 31,357,512 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 3,715,948 | ||||
LAND | 22,299,852 | ||||
BUILDING AND IMPROVEMENTS | 23,266,322 | ||||
TOTAL | 45,566,174 | ||||
ACCUMULATED DEPRECIATION | 4,959,573 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 40,606,601 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Quincy Place S.C. [Member] | |||||
INITIAL COST LAND | 1,148,317 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,608,249 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 2,477,122 | ||||
LAND | 1,148,317 | ||||
BUILDING AND IMPROVEMENTS | 7,085,371 | ||||
TOTAL | 8,233,688 | ||||
ACCUMULATED DEPRECIATION | 4,047,202 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 4,186,486 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Coral Square Promenade [Member] | |||||
INITIAL COST LAND | 710,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,842,907 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 4,136,076 | ||||
LAND | 710,000 | ||||
BUILDING AND IMPROVEMENTS | 6,978,983 | ||||
TOTAL | 7,688,983 | ||||
ACCUMULATED DEPRECIATION | 4,459,575 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 3,229,408 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Embry Village [Member] | |||||
INITIAL COST LAND | 18,147,054 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 33,009,514 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 4,019,275 | ||||
LAND | 18,160,525 | ||||
BUILDING AND IMPROVEMENTS | 37,015,318 | ||||
TOTAL | 55,175,843 | ||||
ACCUMULATED DEPRECIATION | 23,875,485 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 31,300,358 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Greenbrier S.C. [Member] | |||||
INITIAL COST LAND | 8,891,468 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 30,304,760 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 701,346 | ||||
LAND | 8,891,468 | ||||
BUILDING AND IMPROVEMENTS | 31,006,106 | ||||
TOTAL | 39,897,574 | ||||
ACCUMULATED DEPRECIATION | 5,857,157 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 34,040,417 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | The Fountains at Arbor Lakes [Member] | |||||
INITIAL COST LAND | 28,585,296 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 66,699,024 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 14,322,042 | ||||
LAND | 29,485,296 | ||||
BUILDING AND IMPROVEMENTS | 80,121,066 | ||||
TOTAL | 109,606,362 | ||||
ACCUMULATED DEPRECIATION | 33,928,214 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 75,678,148 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Ocean Plaza [Member] | |||||
INITIAL COST LAND | 564,097 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,268,768 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 19,003 | ||||
LAND | 564,097 | ||||
BUILDING AND IMPROVEMENTS | 2,287,771 | ||||
TOTAL | 2,851,868 | ||||
ACCUMULATED DEPRECIATION | 1,036,522 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,815,346 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Jantzen Beach Center [Member] | |||||
INITIAL COST LAND | 57,575,244 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 102,844,429 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 302,414 | ||||
LAND | 57,588,287 | ||||
BUILDING AND IMPROVEMENTS | 103,133,800 | ||||
TOTAL | 160,722,087 | ||||
ACCUMULATED DEPRECIATION | 15,219,539 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 145,502,548 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Plaza Centro - Costco [Member] | |||||
INITIAL COST LAND | 3,627,973 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 10,752,213 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 1,573,414 | ||||
LAND | 3,866,206 | ||||
BUILDING AND IMPROVEMENTS | 12,087,394 | ||||
TOTAL | 15,953,600 | ||||
ACCUMULATED DEPRECIATION | 7,166,627 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 8,786,973 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Gateway Station [Member] | |||||
INITIAL COST LAND | 1,373,692 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 28,145,158 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 3,523,644 | ||||
LAND | 1,374,880 | ||||
BUILDING AND IMPROVEMENTS | 31,667,614 | ||||
TOTAL | 33,042,494 | ||||
ACCUMULATED DEPRECIATION | 6,629,432 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 26,413,062 | ||||
Shopping Center [Member] | Old Town Plaza [Member] | |||||
INITIAL COST LAND | 4,500,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 41,569,735 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (14,900,620) | ||||
LAND | 3,052,800 | ||||
BUILDING AND IMPROVEMENTS | 28,116,315 | ||||
TOTAL | 31,169,115 | ||||
ACCUMULATED DEPRECIATION | 7,366,595 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 23,802,520 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Metro Square [Member] | |||||
INITIAL COST LAND | 4,101,017 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 16,410,632 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,314,745 | |||
LAND | 4,101,017 | ||||
BUILDING AND IMPROVEMENTS | 18,725,377 | ||||
TOTAL | 22,826,394 | ||||
ACCUMULATED DEPRECIATION | 10,470,777 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 12,355,617 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Lakewood Plaza [Member] | |||||
INITIAL COST LAND | 1,294,176 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,669,266 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (3,460,895) | ||||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 1,502,547 | ||||
TOTAL | 1,502,547 | ||||
ACCUMULATED DEPRECIATION | 808,624 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 693,923 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | East Bank S.C. [Member] | |||||
INITIAL COST LAND | 1,500,568 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,180,103 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 4,172,042 | ||||
LAND | 1,500,568 | ||||
BUILDING AND IMPROVEMENTS | 10,352,145 | ||||
TOTAL | 11,852,713 | ||||
ACCUMULATED DEPRECIATION | 4,249,543 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,603,170 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Maplewood Plaza [Member] | |||||
INITIAL COST LAND | 1,649,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,626,301 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 1,705,947 | ||||
LAND | 1,649,000 | ||||
BUILDING AND IMPROVEMENTS | 8,332,248 | ||||
TOTAL | 9,981,248 | ||||
ACCUMULATED DEPRECIATION | 4,674,375 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,306,873 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Perimeter Expo Property [Member] | |||||
INITIAL COST LAND | 14,770,275 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 44,295,457 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 2,599,355 | ||||
LAND | 16,142,152 | ||||
BUILDING AND IMPROVEMENTS | 45,522,935 | ||||
TOTAL | 61,665,087 | ||||
ACCUMULATED DEPRECIATION | 7,403,344 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 54,261,743 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Ingleside S.C. [Member] | |||||
INITIAL COST LAND | 10,416,726 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 17,889,235 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 509,491 | ||||
LAND | 10,416,726 | ||||
BUILDING AND IMPROVEMENTS | 18,398,726 | ||||
TOTAL | 28,815,452 | ||||
ACCUMULATED DEPRECIATION | 4,046,004 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 24,769,448 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Center Point S.C. [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 550,204 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 0 | ||||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 550,204 | ||||
TOTAL | 550,204 | ||||
ACCUMULATED DEPRECIATION | 550,203 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Kings Highway [Member] | |||||
INITIAL COST LAND | 2,743,820 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,811,268 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 2,265,409 | ||||
LAND | 2,743,820 | ||||
BUILDING AND IMPROVEMENTS | 9,076,677 | ||||
TOTAL | 11,820,497 | ||||
ACCUMULATED DEPRECIATION | 4,090,894 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,729,603 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Suburban Square [Member] | |||||
INITIAL COST LAND | 70,679,871 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 166,351,381 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 74,923,585 | ||||
LAND | 71,279,871 | ||||
BUILDING AND IMPROVEMENTS | 240,674,966 | ||||
TOTAL | 311,954,837 | ||||
ACCUMULATED DEPRECIATION | 61,032,081 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 250,922,756 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Plaza Centro - Mall [Member] | |||||
INITIAL COST LAND | 19,873,263 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 58,719,179 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 12,289,331 | ||||
LAND | 19,408,112 | ||||
BUILDING AND IMPROVEMENTS | 71,473,661 | ||||
TOTAL | 90,881,773 | ||||
ACCUMULATED DEPRECIATION | 37,053,999 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 53,827,774 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Las Tiendas Plaza [Member] | |||||
INITIAL COST LAND | 8,678,107 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 27,279,792 | ||||
LAND | 7,943,925 | ||||
BUILDING AND IMPROVEMENTS | 28,013,974 | ||||
TOTAL | 35,957,899 | ||||
ACCUMULATED DEPRECIATION | 8,068,224 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 27,889,675 | ||||
Shopping Center [Member] | Potomac Run Plaza [Member] | |||||
INITIAL COST LAND | 27,369,515 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 48,451,209 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 3,497,101 | ||||
LAND | 27,369,515 | ||||
BUILDING AND IMPROVEMENTS | 51,948,310 | ||||
TOTAL | 79,317,825 | ||||
ACCUMULATED DEPRECIATION | 16,727,819 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 62,590,006 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Plaza Del Sol [Member] | |||||
INITIAL COST LAND | 5,324,501 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 21,269,943 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,737,972 | |||
LAND | 4,577,869 | ||||
BUILDING AND IMPROVEMENTS | 23,754,547 | ||||
TOTAL | 28,332,416 | ||||
ACCUMULATED DEPRECIATION | 10,370,222 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 17,962,194 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Madison Plaza [Member] | |||||
INITIAL COST LAND | 5,874,396 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 23,476,190 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 2,952,818 | ||||
LAND | 5,874,396 | ||||
BUILDING AND IMPROVEMENTS | 26,429,008 | ||||
TOTAL | 32,303,404 | ||||
ACCUMULATED DEPRECIATION | 13,814,083 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 18,489,321 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Northridge Shopping Center [Member] | |||||
INITIAL COST LAND | 4,932,690 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 16,496,175 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 2,580,342 | ||||
LAND | 8,934,385 | ||||
BUILDING AND IMPROVEMENTS | 15,074,822 | ||||
TOTAL | 24,009,207 | ||||
ACCUMULATED DEPRECIATION | 3,409,543 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 20,599,664 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Curlew Crossing Shopping Ctr [Member] | |||||
INITIAL COST LAND | 5,315,955 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 12,529,467 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 2,813,703 | ||||
LAND | 5,315,955 | ||||
BUILDING AND IMPROVEMENTS | 15,343,170 | ||||
TOTAL | 20,659,125 | ||||
ACCUMULATED DEPRECIATION | 7,039,766 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 13,619,359 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Riverwalk Marketplace [Member] | |||||
INITIAL COST LAND | 3,512,202 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 18,862,571 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 148,516 | ||||
LAND | 3,512,202 | ||||
BUILDING AND IMPROVEMENTS | 19,011,087 | ||||
TOTAL | 22,523,289 | ||||
ACCUMULATED DEPRECIATION | 2,917,737 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 19,605,552 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Wilkens Beltway Plaza [Member] | |||||
INITIAL COST LAND | 9,948,235 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 22,125,942 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 1,851,406 | ||||
LAND | 9,948,235 | ||||
BUILDING AND IMPROVEMENTS | 23,977,348 | ||||
TOTAL | 33,925,583 | ||||
ACCUMULATED DEPRECIATION | 4,457,688 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 29,467,895 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Woodlawn Marketplace [Member] | |||||
INITIAL COST LAND | 919,251 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,570,981 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 2,820,130 | ||||
LAND | 919,251 | ||||
BUILDING AND IMPROVEMENTS | 6,391,111 | ||||
TOTAL | 7,310,362 | ||||
ACCUMULATED DEPRECIATION | 4,346,540 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,963,822 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Ralph Avenue Plaza [Member] | |||||
INITIAL COST LAND | 4,414,466 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 11,339,857 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 3,964,235 | ||||
LAND | 4,414,467 | ||||
BUILDING AND IMPROVEMENTS | 15,304,091 | ||||
TOTAL | 19,718,558 | ||||
ACCUMULATED DEPRECIATION | 6,174,728 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 13,543,830 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Center Square Shopping Center [Member] | |||||
INITIAL COST LAND | 731,888 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,927,551 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 1,250,946 | ||||
LAND | 691,297 | ||||
BUILDING AND IMPROVEMENTS | 4,219,088 | ||||
TOTAL | 4,910,385 | ||||
ACCUMULATED DEPRECIATION | 2,975,444 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,934,941 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Plaza Centro - Retail [Member] | |||||
INITIAL COST LAND | 5,935,566 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 16,509,748 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 3,138,474 | ||||
LAND | 6,026,070 | ||||
BUILDING AND IMPROVEMENTS | 19,557,718 | ||||
TOTAL | 25,583,788 | ||||
ACCUMULATED DEPRECIATION | 10,286,307 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 15,297,481 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Gateway Station Phase II [Member] | |||||
INITIAL COST LAND | 4,140,176 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 12,020,460 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 713,259 | ||||
LAND | 4,143,385 | ||||
BUILDING AND IMPROVEMENTS | 12,730,510 | ||||
TOTAL | 16,873,895 | ||||
ACCUMULATED DEPRECIATION | 1,364,061 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 15,509,834 | ||||
Shopping Center [Member] | Dulles Town Crossing [Member] | |||||
INITIAL COST LAND | 53,285,116 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 104,175,738 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 238,695 | ||||
LAND | 53,285,116 | ||||
BUILDING AND IMPROVEMENTS | 104,414,433 | ||||
TOTAL | 157,699,549 | ||||
ACCUMULATED DEPRECIATION | 23,625,433 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 134,074,116 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Plaza at Mountainside [Member] | |||||
INITIAL COST LAND | 2,450,341 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 9,802,046 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,579,807 | |||
LAND | 2,450,341 | ||||
BUILDING AND IMPROVEMENTS | 12,381,853 | ||||
TOTAL | 14,832,194 | ||||
ACCUMULATED DEPRECIATION | 7,419,681 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,412,513 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Corona Hills Plaza [Member] | |||||
INITIAL COST LAND | 13,360,965 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 53,373,453 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 11,403,307 | ||||
LAND | 13,360,965 | ||||
BUILDING AND IMPROVEMENTS | 64,776,760 | ||||
TOTAL | 78,137,725 | ||||
ACCUMULATED DEPRECIATION | 38,081,116 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 40,056,609 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Denver West 38th Street [Member] | |||||
INITIAL COST LAND | 161,167 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 646,983 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 537,408 | ||||
LAND | 161,167 | ||||
BUILDING AND IMPROVEMENTS | 1,184,391 | ||||
TOTAL | 1,345,558 | ||||
ACCUMULATED DEPRECIATION | 439,311 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 906,247 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Shops at Santa Barbara Phase 1 [Member] | |||||
INITIAL COST LAND | 743,463 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 5,373,994 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 228,008 | ||||
LAND | 743,463 | ||||
BUILDING AND IMPROVEMENTS | 5,602,002 | ||||
TOTAL | 6,345,465 | ||||
ACCUMULATED DEPRECIATION | 1,069,668 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,275,797 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Lawrenceville Market [Member] | |||||
INITIAL COST LAND | 8,878,266 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 29,691,191 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 622,527 | ||||
LAND | 9,060,436 | ||||
BUILDING AND IMPROVEMENTS | 30,131,548 | ||||
TOTAL | 39,191,984 | ||||
ACCUMULATED DEPRECIATION | 7,787,394 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 31,404,590 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | York Road Plaza [Member] | |||||
INITIAL COST LAND | 4,276,715 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 37,205,757 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 114,563 | ||||
LAND | 4,276,715 | ||||
BUILDING AND IMPROVEMENTS | 37,320,320 | ||||
TOTAL | 41,597,035 | ||||
ACCUMULATED DEPRECIATION | 6,484,982 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 35,112,053 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Tyvola Mall [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,736,345 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 8,698,903 | ||||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 13,435,248 | ||||
TOTAL | 13,435,248 | ||||
ACCUMULATED DEPRECIATION | 10,155,373 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 3,279,875 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Bellmore S.C. [Member] | |||||
INITIAL COST LAND | 1,272,269 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,183,547 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 1,683,700 | ||||
LAND | 1,272,269 | ||||
BUILDING AND IMPROVEMENTS | 4,867,247 | ||||
TOTAL | 6,139,516 | ||||
ACCUMULATED DEPRECIATION | 2,300,481 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 3,839,035 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Wayne Plaza [Member] | |||||
INITIAL COST LAND | 6,127,623 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 15,605,012 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 586,306 | ||||
LAND | 6,135,670 | ||||
BUILDING AND IMPROVEMENTS | 16,183,271 | ||||
TOTAL | 22,318,941 | ||||
ACCUMULATED DEPRECIATION | 5,794,561 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 16,524,380 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Plaza Centro - Sam's Club [Member] | |||||
INITIAL COST LAND | 6,643,224 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 20,224,758 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 2,766,593 | ||||
LAND | 6,520,090 | ||||
BUILDING AND IMPROVEMENTS | 23,114,485 | ||||
TOTAL | 29,634,575 | ||||
ACCUMULATED DEPRECIATION | 21,857,777 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,776,798 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Conroe Marketplace [Member] | |||||
INITIAL COST LAND | 18,869,087 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 50,756,554 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (2,677,180) | ||||
LAND | 10,841,611 | ||||
BUILDING AND IMPROVEMENTS | 56,106,850 | ||||
TOTAL | 66,948,461 | ||||
ACCUMULATED DEPRECIATION | 10,104,958 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 56,843,503 | ||||
Shopping Center [Member] | Docstone Commons [Member] | |||||
INITIAL COST LAND | 3,839,249 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 11,468,264 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 475,814 | ||||
LAND | 3,903,963 | ||||
BUILDING AND IMPROVEMENTS | 11,879,364 | ||||
TOTAL | 15,783,327 | ||||
ACCUMULATED DEPRECIATION | 1,635,510 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 14,147,817 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Village Crossroads [Member] | |||||
INITIAL COST LAND | 5,662,554 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 24,981,223 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,462,414 | |||
LAND | 5,662,554 | ||||
BUILDING AND IMPROVEMENTS | 26,443,637 | ||||
TOTAL | 32,106,191 | ||||
ACCUMULATED DEPRECIATION | 7,107,669 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 24,998,522 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | The 280 Metro Center [Member] | |||||
INITIAL COST LAND | 38,734,566 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 94,903,403 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (592,830) | ||||
LAND | 38,734,566 | ||||
BUILDING AND IMPROVEMENTS | 94,310,573 | ||||
TOTAL | 133,045,139 | ||||
ACCUMULATED DEPRECIATION | 15,257,750 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 117,787,389 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Englewood Plaza [Member] | |||||
INITIAL COST LAND | 805,837 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,232,650 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 847,870 | ||||
LAND | 805,837 | ||||
BUILDING AND IMPROVEMENTS | 4,080,520 | ||||
TOTAL | 4,886,357 | ||||
ACCUMULATED DEPRECIATION | 2,301,980 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,584,377 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Shops at Santa Barbara Phase 2 [Member] | |||||
INITIAL COST LAND | 331,692 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,488,832 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 1,192 | ||||
LAND | 331,692 | ||||
BUILDING AND IMPROVEMENTS | 2,490,024 | ||||
TOTAL | 2,821,716 | ||||
ACCUMULATED DEPRECIATION | 532,753 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,288,963 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Braelinn Village [Member] | |||||
INITIAL COST LAND | 7,314,719 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 20,738,792 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (640,739) | ||||
LAND | 3,731,347 | ||||
BUILDING AND IMPROVEMENTS | 23,681,425 | ||||
TOTAL | 27,412,772 | ||||
ACCUMULATED DEPRECIATION | 4,671,502 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 22,741,270 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Putty Hill Plaza [Member] | |||||
INITIAL COST LAND | 4,192,152 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 11,112,111 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 733,222 | ||||
LAND | 4,192,152 | ||||
BUILDING AND IMPROVEMENTS | 11,845,333 | ||||
TOTAL | 16,037,485 | ||||
ACCUMULATED DEPRECIATION | 3,547,695 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 12,489,790 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Crossroads Plaza [Member] | |||||
INITIAL COST LAND | 767,864 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,098,881 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 1,233,350 | ||||
LAND | 767,864 | ||||
BUILDING AND IMPROVEMENTS | 4,332,231 | ||||
TOTAL | 5,100,095 | ||||
ACCUMULATED DEPRECIATION | 2,254,286 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,845,809 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Market at Bay Shore [Member] | |||||
INITIAL COST LAND | 12,359,621 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 30,707,802 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 6,641,498 | ||||
LAND | 12,359,621 | ||||
BUILDING AND IMPROVEMENTS | 37,349,300 | ||||
TOTAL | 49,708,921 | ||||
ACCUMULATED DEPRECIATION | 15,631,737 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 34,077,184 | ||||
ENCUMBRANCES | 11,963,066 | ||||
Shopping Center [Member] | Devon Village [Member] | |||||
INITIAL COST LAND | 4,856,379 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 25,846,910 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 4,251,183 | ||||
LAND | 4,856,379 | ||||
BUILDING AND IMPROVEMENTS | 30,098,093 | ||||
TOTAL | 34,954,472 | ||||
ACCUMULATED DEPRECIATION | 9,660,242 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 25,294,230 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Los Colobos - Builders Square [Member] | |||||
INITIAL COST LAND | 4,404,593 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 9,627,903 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 1,283,497 | ||||
LAND | 4,461,145 | ||||
BUILDING AND IMPROVEMENTS | 10,854,848 | ||||
TOTAL | 15,315,993 | ||||
ACCUMULATED DEPRECIATION | 10,091,418 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,224,575 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Montgomery Plaza [Member] | |||||
INITIAL COST LAND | 10,739,067 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 63,065,333 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (419,790) | ||||
LAND | 10,738,796 | ||||
BUILDING AND IMPROVEMENTS | 62,645,814 | ||||
TOTAL | 73,384,610 | ||||
ACCUMULATED DEPRECIATION | 13,416,364 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 59,968,246 | ||||
ENCUMBRANCES | 25,802,424 | ||||
Shopping Center [Member] | Docstone O/P - Staples [Member] | |||||
INITIAL COST LAND | 1,425,307 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,317,552 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (883,709) | ||||
LAND | 1,167,588 | ||||
BUILDING AND IMPROVEMENTS | 3,691,562 | ||||
TOTAL | 4,859,150 | ||||
ACCUMULATED DEPRECIATION | 700,794 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 4,158,356 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | North Valley [Member] | |||||
INITIAL COST LAND | 6,861,564 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 18,200,901 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 14,138,211 | |||
LAND | 4,795,887 | ||||
BUILDING AND IMPROVEMENTS | 34,404,789 | ||||
TOTAL | 39,200,676 | ||||
ACCUMULATED DEPRECIATION | 6,409,375 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 32,791,301 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Laband Village Shopping Center [Member] | |||||
INITIAL COST LAND | 5,600,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 13,289,347 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (779,122) | ||||
LAND | 5,607,237 | ||||
BUILDING AND IMPROVEMENTS | 12,502,988 | ||||
TOTAL | 18,110,225 | ||||
ACCUMULATED DEPRECIATION | 6,680,205 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 11,430,020 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Greeley Commons [Member] | |||||
INITIAL COST LAND | 3,313,095 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 20,069,559 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 988,236 | ||||
LAND | 3,313,095 | ||||
BUILDING AND IMPROVEMENTS | 21,057,795 | ||||
TOTAL | 24,370,890 | ||||
ACCUMULATED DEPRECIATION | 5,653,339 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 18,717,551 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Shops at Santa Barbara Phase 3 [Member] | |||||
INITIAL COST LAND | 329,726 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,358,700 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 42,155 | ||||
LAND | 329,726 | ||||
BUILDING AND IMPROVEMENTS | 2,400,855 | ||||
TOTAL | 2,730,581 | ||||
ACCUMULATED DEPRECIATION | 454,553 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,276,028 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Savannah Center [Member] | |||||
INITIAL COST LAND | 2,052,270 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 8,232,978 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 5,113,919 | ||||
LAND | 2,052,270 | ||||
BUILDING AND IMPROVEMENTS | 13,346,897 | ||||
TOTAL | 15,399,167 | ||||
ACCUMULATED DEPRECIATION | 8,141,518 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,257,649 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Snowden Square S.C. [Member] | |||||
INITIAL COST LAND | 1,929,402 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,557,934 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 5,155,349 | ||||
LAND | 3,326,422 | ||||
BUILDING AND IMPROVEMENTS | 8,316,263 | ||||
TOTAL | 11,642,685 | ||||
ACCUMULATED DEPRECIATION | 2,231,141 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 9,411,544 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Jetton Village Shoppes [Member] | |||||
INITIAL COST LAND | 3,875,224 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 10,292,231 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 584,327 | ||||
LAND | 2,143,695 | ||||
BUILDING AND IMPROVEMENTS | 12,608,087 | ||||
TOTAL | 14,751,782 | ||||
ACCUMULATED DEPRECIATION | 3,131,442 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 11,620,340 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Key Food - Atlantic Ave [Member] | |||||
INITIAL COST LAND | 2,272,500 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 5,624,589 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 509,260 | ||||
LAND | 4,808,822 | ||||
BUILDING AND IMPROVEMENTS | 3,597,527 | ||||
TOTAL | 8,406,349 | ||||
ACCUMULATED DEPRECIATION | 943,371 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,462,978 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Pocono Plaza [Member] | |||||
INITIAL COST LAND | 1,050,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,372,628 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 17,647,871 | ||||
LAND | 1,050,000 | ||||
BUILDING AND IMPROVEMENTS | 20,020,499 | ||||
TOTAL | 21,070,499 | ||||
ACCUMULATED DEPRECIATION | 1,782,425 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 19,288,074 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Los Colobos - Kmart [Member] | |||||
INITIAL COST LAND | 4,594,944 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 10,120,147 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 789,782 | ||||
LAND | 4,402,338 | ||||
BUILDING AND IMPROVEMENTS | 11,102,535 | ||||
TOTAL | 15,504,873 | ||||
ACCUMULATED DEPRECIATION | 10,210,113 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,294,760 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Preston Lebanon Crossing [Member] | |||||
INITIAL COST LAND | 13,552,180 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 28,427,070 | ||||
LAND | 12,163,694 | ||||
BUILDING AND IMPROVEMENTS | 29,815,556 | ||||
TOTAL | 41,979,250 | ||||
ACCUMULATED DEPRECIATION | 9,582,330 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 32,396,920 | ||||
Shopping Center [Member] | Stafford Marketplace [Member] | |||||
INITIAL COST LAND | 26,893,429 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 86,449,614 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 2,732,587 | ||||
LAND | 26,893,429 | ||||
BUILDING AND IMPROVEMENTS | 89,182,201 | ||||
TOTAL | 116,075,630 | ||||
ACCUMULATED DEPRECIATION | 15,949,336 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 100,126,294 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Christown Spectrum Mall [Member] | |||||
INITIAL COST LAND | 33,831,348 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 91,004,070 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 15,484,366 | |||
LAND | 76,638,511 | ||||
BUILDING AND IMPROVEMENTS | 63,681,273 | ||||
TOTAL | 140,319,784 | ||||
ACCUMULATED DEPRECIATION | 16,572,377 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 123,747,407 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Cupertino Village [Member] | |||||
INITIAL COST LAND | 19,886,099 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 46,534,919 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 27,016,568 | ||||
LAND | 19,886,099 | ||||
BUILDING AND IMPROVEMENTS | 73,551,487 | ||||
TOTAL | 93,437,586 | ||||
ACCUMULATED DEPRECIATION | 23,685,282 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 69,752,304 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Highlands Ranch Village S.C. [Member] | |||||
INITIAL COST LAND | 8,135,427 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 21,579,936 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 979,317 | ||||
LAND | 5,337,081 | ||||
BUILDING AND IMPROVEMENTS | 25,357,599 | ||||
TOTAL | 30,694,680 | ||||
ACCUMULATED DEPRECIATION | 5,667,515 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 25,027,165 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Coral Pointe S.C. [Member] | |||||
INITIAL COST LAND | 2,411,608 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 20,507,735 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 569,441 | ||||
LAND | 2,411,608 | ||||
BUILDING AND IMPROVEMENTS | 21,077,176 | ||||
TOTAL | 23,488,784 | ||||
ACCUMULATED DEPRECIATION | 4,003,288 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 19,485,496 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Chatham Plaza [Member] | |||||
INITIAL COST LAND | 13,390,238 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 35,115,882 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 1,800,894 | ||||
LAND | 13,403,262 | ||||
BUILDING AND IMPROVEMENTS | 36,903,752 | ||||
TOTAL | 50,307,014 | ||||
ACCUMULATED DEPRECIATION | 14,226,534 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 36,080,480 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Columbia Crossing [Member] | |||||
INITIAL COST LAND | 3,612,550 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 34,344,509 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 1,787,039 | ||||
LAND | 3,612,550 | ||||
BUILDING AND IMPROVEMENTS | 36,131,548 | ||||
TOTAL | 39,744,098 | ||||
ACCUMULATED DEPRECIATION | 5,834,713 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 33,909,385 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Woodlawn Shopping Center [Member] | |||||
INITIAL COST LAND | 2,010,725 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 5,833,626 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 2,156,743 | ||||
LAND | 2,010,725 | ||||
BUILDING AND IMPROVEMENTS | 7,990,369 | ||||
TOTAL | 10,001,094 | ||||
ACCUMULATED DEPRECIATION | 2,034,144 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,966,950 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Veterans Memorial Plaza [Member] | |||||
INITIAL COST LAND | 5,968,082 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 23,243,404 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 20,546,639 | ||||
LAND | 5,980,130 | ||||
BUILDING AND IMPROVEMENTS | 43,777,995 | ||||
TOTAL | 49,758,125 | ||||
ACCUMULATED DEPRECIATION | 17,498,760 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 32,259,365 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Whiteland Town Center [Member] | |||||
INITIAL COST LAND | 731,888 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,927,551 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 59,067 | ||||
LAND | 731,888 | ||||
BUILDING AND IMPROVEMENTS | 2,986,618 | ||||
TOTAL | 3,718,506 | ||||
ACCUMULATED DEPRECIATION | 1,862,032 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,856,474 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Los Colobos I [Member] | |||||
INITIAL COST LAND | 12,890,882 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 26,046,669 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 5,245,260 | ||||
LAND | 13,613,375 | ||||
BUILDING AND IMPROVEMENTS | 30,569,436 | ||||
TOTAL | 44,182,811 | ||||
ACCUMULATED DEPRECIATION | 17,840,722 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 26,342,089 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Lake Prairie Town Crossing [Member] | |||||
INITIAL COST LAND | 7,897,491 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 29,290,148 | ||||
LAND | 6,783,464 | ||||
BUILDING AND IMPROVEMENTS | 30,404,175 | ||||
TOTAL | 37,187,639 | ||||
ACCUMULATED DEPRECIATION | 7,739,383 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 29,448,256 | ||||
Shopping Center [Member] | Gordon Plaza [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,330,621 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (24,804) | ||||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 3,305,817 | ||||
TOTAL | 3,305,817 | ||||
ACCUMULATED DEPRECIATION | 420,083 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,885,734 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Bell Camino Center [Member] | |||||
INITIAL COST LAND | 2,427,465 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,439,065 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 743,337 | |||
LAND | 2,427,465 | ||||
BUILDING AND IMPROVEMENTS | 7,182,402 | ||||
TOTAL | 9,609,867 | ||||
ACCUMULATED DEPRECIATION | 2,395,920 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,213,947 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | North County Plaza [Member] | |||||
INITIAL COST LAND | 10,205,305 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 28,934,219 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (573,812) | ||||
LAND | 20,894,811 | ||||
BUILDING AND IMPROVEMENTS | 17,670,901 | ||||
TOTAL | 38,565,712 | ||||
ACCUMULATED DEPRECIATION | 4,321,014 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 34,244,698 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Village Center West [Member] | |||||
INITIAL COST LAND | 2,010,519 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 8,361,084 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 732,679 | ||||
LAND | 2,010,519 | ||||
BUILDING AND IMPROVEMENTS | 9,093,763 | ||||
TOTAL | 11,104,282 | ||||
ACCUMULATED DEPRECIATION | 2,042,056 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 9,062,226 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Dania Pointe [Member] | |||||
INITIAL COST LAND | 105,113,024 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 31,723,302 | ||||
LAND | 26,093,655 | ||||
BUILDING AND IMPROVEMENTS | 110,742,671 | ||||
TOTAL | 136,836,326 | ||||
ACCUMULATED DEPRECIATION | 4,664,445 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 132,171,881 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Clive Plaza [Member] | |||||
INITIAL COST LAND | 500,525 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,002,101 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 0 | ||||
LAND | 500,525 | ||||
BUILDING AND IMPROVEMENTS | 2,002,101 | ||||
TOTAL | 2,502,626 | ||||
ACCUMULATED DEPRECIATION | 1,279,120 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,223,506 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Dorsey's Search Village Center [Member] | |||||
INITIAL COST LAND | 6,321,963 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 27,996,087 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 611,622 | ||||
LAND | 6,321,963 | ||||
BUILDING AND IMPROVEMENTS | 28,607,709 | ||||
TOTAL | 34,929,672 | ||||
ACCUMULATED DEPRECIATION | 4,639,954 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 30,289,718 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Crossroads Plaza 2 [Member] | |||||
INITIAL COST LAND | 13,405,529 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 86,455,763 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (427,297) | ||||
LAND | 13,405,529 | ||||
BUILDING AND IMPROVEMENTS | 86,028,466 | ||||
TOTAL | 99,433,995 | ||||
ACCUMULATED DEPRECIATION | 17,934,602 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 81,499,393 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Birchwood Plaza Commack [Member] | |||||
INITIAL COST LAND | 3,630,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,774,791 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 1,246,823 | ||||
LAND | 3,630,000 | ||||
BUILDING AND IMPROVEMENTS | 6,021,614 | ||||
TOTAL | 9,651,614 | ||||
ACCUMULATED DEPRECIATION | 2,282,408 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,369,206 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Harrisburg East Shopping Ctr. [Member | |||||
INITIAL COST LAND | 452,888 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,665,238 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 11,507,124 | ||||
LAND | 3,002,888 | ||||
BUILDING AND IMPROVEMENTS | 15,622,362 | ||||
TOTAL | 18,625,250 | ||||
ACCUMULATED DEPRECIATION | 8,596,811 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 10,028,439 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Los Colobos II [Member] | |||||
INITIAL COST LAND | 14,893,698 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 30,680,556 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 6,570,218 | ||||
LAND | 15,142,300 | ||||
BUILDING AND IMPROVEMENTS | 37,002,172 | ||||
TOTAL | 52,144,472 | ||||
ACCUMULATED DEPRECIATION | 21,506,165 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 30,638,307 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Center at Baybrook [Member] | |||||
INITIAL COST LAND | 6,941,017 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 27,727,491 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 11,838,558 | ||||
LAND | 6,928,120 | ||||
BUILDING AND IMPROVEMENTS | 39,578,946 | ||||
TOTAL | 46,507,066 | ||||
ACCUMULATED DEPRECIATION | 19,845,688 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 26,661,378 | ||||
Shopping Center [Member] | Auburn North [Member] | |||||
INITIAL COST LAND | 7,785,841 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 18,157,625 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 9,756,591 | ||||
LAND | 7,785,841 | ||||
BUILDING AND IMPROVEMENTS | 27,914,216 | ||||
TOTAL | 35,700,057 | ||||
ACCUMULATED DEPRECIATION | 9,005,405 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 26,694,652 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | BELL Camino-Safeway Parcel [Member] | |||||
INITIAL COST LAND | 1,104,233 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,574,035 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 1,104,233 | ||||
BUILDING AND IMPROVEMENTS | 4,574,035 | ||||
TOTAL | 5,678,268 | ||||
ACCUMULATED DEPRECIATION | 266,612 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,411,656 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Chico Crossroads [Member] | |||||
INITIAL COST LAND | 9,975,810 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 30,534,524 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (5,299,139) | ||||
LAND | 7,904,664 | ||||
BUILDING AND IMPROVEMENTS | 27,306,531 | ||||
TOTAL | 35,211,195 | ||||
ACCUMULATED DEPRECIATION | 11,082,448 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 24,128,747 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Highlands Ranch II [Member] | |||||
INITIAL COST LAND | 3,514,837 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 11,755,916 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 1,092,200 | ||||
LAND | 3,514,837 | ||||
BUILDING AND IMPROVEMENTS | 12,848,116 | ||||
TOTAL | 16,362,953 | ||||
ACCUMULATED DEPRECIATION | 3,628,295 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 12,734,658 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Dania Pointe Phase II [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [3] | 247,984,913 | |||
LAND | 26,550,097 | ||||
BUILDING AND IMPROVEMENTS | 221,434,816 | ||||
TOTAL | 247,984,913 | ||||
ACCUMULATED DEPRECIATION | 1,892,669 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 246,092,244 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Plaza Del Prado [Member] | |||||
INITIAL COST LAND | 10,203,960 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 28,409,786 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 1,939,277 | ||||
LAND | 10,203,960 | ||||
BUILDING AND IMPROVEMENTS | 30,349,063 | ||||
TOTAL | 40,553,023 | ||||
ACCUMULATED DEPRECIATION | 5,309,044 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 35,243,979 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Hickory Ridge [Member] | |||||
INITIAL COST LAND | 7,183,646 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 26,947,776 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 914,701 | ||||
LAND | 7,183,646 | ||||
BUILDING AND IMPROVEMENTS | 27,862,477 | ||||
TOTAL | 35,046,123 | ||||
ACCUMULATED DEPRECIATION | 4,640,497 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 30,405,626 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Quail Corners [Member] | |||||
INITIAL COST LAND | 7,318,321 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 26,675,644 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 1,952,511 | ||||
LAND | 7,318,321 | ||||
BUILDING AND IMPROVEMENTS | 28,628,155 | ||||
TOTAL | 35,946,476 | ||||
ACCUMULATED DEPRECIATION | 5,386,660 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 30,559,816 | ||||
ENCUMBRANCES | 14,633,727 | ||||
Shopping Center [Member] | Elmont S.C. [Member] | |||||
INITIAL COST LAND | 3,011,658 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 7,606,066 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 6,517,563 | ||||
LAND | 3,011,658 | ||||
BUILDING AND IMPROVEMENTS | 14,123,629 | ||||
TOTAL | 17,135,287 | ||||
ACCUMULATED DEPRECIATION | 4,574,649 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 12,560,638 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Township Line S.C. [Member] | |||||
INITIAL COST LAND | 731,888 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,927,551 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 0 | ||||
LAND | 731,888 | ||||
BUILDING AND IMPROVEMENTS | 2,927,551 | ||||
TOTAL | 3,659,439 | ||||
ACCUMULATED DEPRECIATION | 1,826,592 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,832,847 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Western Plaza - Mayaquez One [Member] | |||||
INITIAL COST LAND | 10,857,773 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 12,252,522 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 1,528,575 | ||||
LAND | 11,241,993 | ||||
BUILDING AND IMPROVEMENTS | 13,396,877 | ||||
TOTAL | 24,638,870 | ||||
ACCUMULATED DEPRECIATION | 10,702,298 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 13,936,572 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Cypress Towne Center [Member] | |||||
INITIAL COST LAND | 6,033,932 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 1,692,407 | ||||
LAND | 2,251,666 | ||||
BUILDING AND IMPROVEMENTS | 5,474,673 | ||||
TOTAL | 7,726,339 | ||||
ACCUMULATED DEPRECIATION | 1,555,275 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 6,171,064 | ||||
Shopping Center [Member] | The Marketplace at Factoria [Member] | |||||
INITIAL COST LAND | 60,502,358 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 92,696,231 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 18,324,940 | ||||
LAND | 60,502,358 | ||||
BUILDING AND IMPROVEMENTS | 111,021,171 | ||||
TOTAL | 171,523,529 | ||||
ACCUMULATED DEPRECIATION | 25,535,366 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 145,988,163 | ||||
ENCUMBRANCES | 52,657,957 | ||||
Shopping Center [Member] | College Park Shopping Center [Member] | |||||
INITIAL COST LAND | 3,276,951 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 7,741,323 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,254,123 | |||
LAND | 3,276,951 | ||||
BUILDING AND IMPROVEMENTS | 8,995,446 | ||||
TOTAL | 12,272,397 | ||||
ACCUMULATED DEPRECIATION | 3,107,501 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 9,164,896 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Creekside Center [Member] | |||||
INITIAL COST LAND | 3,870,823 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 11,562,580 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 93,113 | ||||
LAND | 5,154,061 | ||||
BUILDING AND IMPROVEMENTS | 10,372,455 | ||||
TOTAL | 15,526,516 | ||||
ACCUMULATED DEPRECIATION | 1,756,296 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 13,770,220 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Village Center - Highland Ranch [Member] | |||||
INITIAL COST LAND | 1,140,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,660,000 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 283,724 | ||||
LAND | 1,140,000 | ||||
BUILDING AND IMPROVEMENTS | 2,943,724 | ||||
TOTAL | 4,083,724 | ||||
ACCUMULATED DEPRECIATION | 503,051 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 3,580,673 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Ft. Lauderdale/Cypress Creek [Member] | |||||
INITIAL COST LAND | 14,258,760 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 28,042,390 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 3,939,979 | ||||
LAND | 14,258,760 | ||||
BUILDING AND IMPROVEMENTS | 31,982,369 | ||||
TOTAL | 46,241,129 | ||||
ACCUMULATED DEPRECIATION | 11,727,431 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 34,513,698 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Skokie Pointe [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,276,360 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 9,726,150 | ||||
LAND | 2,628,440 | ||||
BUILDING AND IMPROVEMENTS | 9,374,070 | ||||
TOTAL | 12,002,510 | ||||
ACCUMULATED DEPRECIATION | 4,664,817 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,337,693 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Hickory Ridge (Sunoco) [Member] | |||||
INITIAL COST LAND | 543,197 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,122,234 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 0 | ||||
LAND | 543,197 | ||||
BUILDING AND IMPROVEMENTS | 2,122,234 | ||||
TOTAL | 2,665,431 | ||||
ACCUMULATED DEPRECIATION | 451,540 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,213,891 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Davidson Commons [Member] | |||||
INITIAL COST LAND | 2,978,533 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 12,859,867 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 508,757 | ||||
LAND | 2,978,533 | ||||
BUILDING AND IMPROVEMENTS | 13,368,624 | ||||
TOTAL | 16,347,157 | ||||
ACCUMULATED DEPRECIATION | 3,220,173 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 13,126,984 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Elmsford Center 1 [Member] | |||||
INITIAL COST LAND | 4,134,273 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,193,084 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 0 | ||||
LAND | 4,134,273 | ||||
BUILDING AND IMPROVEMENTS | 1,193,084 | ||||
TOTAL | 5,327,357 | ||||
ACCUMULATED DEPRECIATION | 260,525 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,066,832 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Horsham Point [Member] | |||||
INITIAL COST LAND | 3,813,247 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 18,189,450 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 94,638 | ||||
LAND | 3,813,247 | ||||
BUILDING AND IMPROVEMENTS | 18,284,088 | ||||
TOTAL | 22,097,335 | ||||
ACCUMULATED DEPRECIATION | 2,959,732 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 19,137,603 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Western Plaza - Mayaguez Two [Member] | |||||
INITIAL COST LAND | 16,874,345 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 19,911,045 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 3,937,678 | ||||
LAND | 16,872,647 | ||||
BUILDING AND IMPROVEMENTS | 23,850,421 | ||||
TOTAL | 40,723,068 | ||||
ACCUMULATED DEPRECIATION | 18,028,998 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 22,694,070 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Cypress Towne Center 2 [Member] | |||||
INITIAL COST LAND | 12,329,195 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 36,836,381 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 880,338 | ||||
LAND | 8,644,145 | ||||
BUILDING AND IMPROVEMENTS | 41,401,769 | ||||
TOTAL | 50,045,914 | ||||
ACCUMULATED DEPRECIATION | 6,516,916 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 43,528,998 | ||||
Shopping Center [Member] | Frontier Village Shopping CTR [Member] | |||||
INITIAL COST LAND | 10,750,863 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 44,860,769 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 2,616,046 | ||||
LAND | 10,750,863 | ||||
BUILDING AND IMPROVEMENTS | 47,476,815 | ||||
TOTAL | 58,227,678 | ||||
ACCUMULATED DEPRECIATION | 8,819,011 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 49,408,667 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | La Mirada Theatre Center [Member] | |||||
INITIAL COST LAND | 8,816,741 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 35,259,965 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (524,191) | ||||
LAND | 6,888,680 | ||||
BUILDING AND IMPROVEMENTS | 36,663,835 | ||||
TOTAL | 43,552,515 | ||||
ACCUMULATED DEPRECIATION | 19,965,688 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 23,586,827 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Heritage West S.C. [Member] | |||||
INITIAL COST LAND | 1,526,576 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,124,074 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 2,561,187 | ||||
LAND | 1,526,576 | ||||
BUILDING AND IMPROVEMENTS | 8,685,261 | ||||
TOTAL | 10,211,837 | ||||
ACCUMULATED DEPRECIATION | 4,442,899 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,768,938 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Homestead-Wachtel Land Lease [Member] | |||||
INITIAL COST LAND | 150,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 0 | ||||
LAND | 150,000 | ||||
BUILDING AND IMPROVEMENTS | 0 | ||||
TOTAL | 150,000 | ||||
ACCUMULATED DEPRECIATION | 0 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 150,000 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Hawthorn Hills Square [Member] | |||||
INITIAL COST LAND | 6,783,928 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 33,033,624 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 3,162,458 | ||||
LAND | 6,783,928 | ||||
BUILDING AND IMPROVEMENTS | 36,196,082 | ||||
TOTAL | 42,980,010 | ||||
ACCUMULATED DEPRECIATION | 10,739,688 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 32,240,322 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | King's Contrivance [Member] | |||||
INITIAL COST LAND | 9,308,349 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 31,759,940 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 1,178,679 | ||||
LAND | 9,308,349 | ||||
BUILDING AND IMPROVEMENTS | 32,938,619 | ||||
TOTAL | 42,246,968 | ||||
ACCUMULATED DEPRECIATION | 6,798,215 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 35,448,753 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Park Place SC [Member] | |||||
INITIAL COST LAND | 5,461,478 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 16,163,494 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 4,889,191 | ||||
LAND | 5,469,809 | ||||
BUILDING AND IMPROVEMENTS | 21,044,354 | ||||
TOTAL | 26,514,163 | ||||
ACCUMULATED DEPRECIATION | 8,383,687 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 18,130,476 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Elmsford Center 2 [Member] | |||||
INITIAL COST LAND | 4,076,403 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 15,598,504 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 1,118,941 | ||||
LAND | 4,245,442 | ||||
BUILDING AND IMPROVEMENTS | 16,548,406 | ||||
TOTAL | 20,793,848 | ||||
ACCUMULATED DEPRECIATION | 4,201,443 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 16,592,405 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Holiday Center [Member] | |||||
INITIAL COST LAND | 7,726,844 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 20,014,243 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (5,068,084) | ||||
LAND | 6,098,316 | ||||
BUILDING AND IMPROVEMENTS | 16,574,687 | ||||
TOTAL | 22,673,003 | ||||
ACCUMULATED DEPRECIATION | 4,697,416 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 17,975,587 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Manati Villa Maria SC [Member] | |||||
INITIAL COST LAND | 2,781,447 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 5,673,119 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 2,213,931 | ||||
LAND | 2,606,588 | ||||
BUILDING AND IMPROVEMENTS | 8,061,909 | ||||
TOTAL | 10,668,497 | ||||
ACCUMULATED DEPRECIATION | 4,764,999 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,903,498 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Cypress Towne Center (Phase II) [Member] | |||||
INITIAL COST LAND | 2,061,477 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,157,862 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (1,361,233) | ||||
LAND | 270,374 | ||||
BUILDING AND IMPROVEMENTS | 6,587,732 | ||||
TOTAL | 6,858,106 | ||||
ACCUMULATED DEPRECIATION | 1,402,130 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,455,976 | ||||
Shopping Center [Member] | Gateway Shopping Center [Member] | |||||
INITIAL COST LAND | 6,937,929 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 11,270,322 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 9,194,330 | ||||
LAND | 6,937,929 | ||||
BUILDING AND IMPROVEMENTS | 20,464,652 | ||||
TOTAL | 27,402,581 | ||||
ACCUMULATED DEPRECIATION | 2,343,891 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 25,058,690 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Kenneth Hahn Plaza [Member] | |||||
INITIAL COST LAND | 4,114,863 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 7,660,855 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (1,485,684) | ||||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 10,290,034 | ||||
TOTAL | 10,290,034 | ||||
ACCUMULATED DEPRECIATION | 3,960,027 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 6,330,007 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Market at Southpark [Member] | |||||
INITIAL COST LAND | 9,782,769 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 20,779,522 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 4,039,213 | ||||
LAND | 9,782,769 | ||||
BUILDING AND IMPROVEMENTS | 24,818,735 | ||||
TOTAL | 34,601,504 | ||||
ACCUMULATED DEPRECIATION | 5,964,950 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 28,636,554 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Oakwood Plaza North [Member] | |||||
INITIAL COST LAND | 35,300,961 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 141,731,019 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (1,370,766) | ||||
LAND | 35,300,961 | ||||
BUILDING AND IMPROVEMENTS | 140,360,253 | ||||
TOTAL | 175,661,214 | ||||
ACCUMULATED DEPRECIATION | 20,355,563 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 155,305,651 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Linwood Square [Member] | |||||
INITIAL COST LAND | 3,411,037 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 8,686,773 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 521,823 | ||||
LAND | 3,411,037 | ||||
BUILDING AND IMPROVEMENTS | 9,208,596 | ||||
TOTAL | 12,619,633 | ||||
ACCUMULATED DEPRECIATION | 352,898 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 12,266,735 | ||||
ENCUMBRANCES | 5,092,103 | ||||
Shopping Center [Member] | Harper's Choice [Member] | |||||
INITIAL COST LAND | 8,429,284 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 18,373,994 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 1,589,307 | ||||
LAND | 8,429,284 | ||||
BUILDING AND IMPROVEMENTS | 19,963,301 | ||||
TOTAL | 28,392,585 | ||||
ACCUMULATED DEPRECIATION | 3,687,980 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 24,704,605 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Mooresville Crossing [Member] | |||||
INITIAL COST LAND | 12,013,727 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 30,604,173 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 489,919 | ||||
LAND | 11,625,801 | ||||
BUILDING AND IMPROVEMENTS | 31,482,018 | ||||
TOTAL | 43,107,819 | ||||
ACCUMULATED DEPRECIATION | 13,207,170 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 29,900,649 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Franklin Square S.C. [Member] | |||||
INITIAL COST LAND | 1,078,541 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,516,581 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 4,169,428 | ||||
LAND | 1,078,541 | ||||
BUILDING AND IMPROVEMENTS | 6,686,009 | ||||
TOTAL | 7,764,550 | ||||
ACCUMULATED DEPRECIATION | 3,213,769 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 4,550,781 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Norriton Square [Member] | |||||
INITIAL COST LAND | 686,134 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,664,535 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 4,321,998 | ||||
LAND | 774,084 | ||||
BUILDING AND IMPROVEMENTS | 6,898,583 | ||||
TOTAL | 7,672,667 | ||||
ACCUMULATED DEPRECIATION | 5,187,771 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,484,896 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Ponce Town Center [Member] | |||||
INITIAL COST LAND | 14,432,778 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 28,448,754 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 6,185,025 | ||||
LAND | 14,903,024 | ||||
BUILDING AND IMPROVEMENTS | 34,163,533 | ||||
TOTAL | 49,066,557 | ||||
ACCUMULATED DEPRECIATION | 21,217,701 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 27,848,856 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | The Centre at Copperfield [Member] | |||||
INITIAL COST LAND | 6,723,267 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 22,524,551 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 539,011 | ||||
LAND | 6,723,357 | ||||
BUILDING AND IMPROVEMENTS | 23,063,472 | ||||
TOTAL | 29,786,829 | ||||
ACCUMULATED DEPRECIATION | 5,061,448 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 24,725,381 | ||||
Shopping Center [Member] | Olympia West Outparcel [Member] | |||||
INITIAL COST LAND | 360,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 799,640 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 100,360 | ||||
LAND | 360,000 | ||||
BUILDING AND IMPROVEMENTS | 900,000 | ||||
TOTAL | 1,260,000 | ||||
ACCUMULATED DEPRECIATION | 194,283 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,065,717 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | La Verne Town Center [Member] | |||||
INITIAL COST LAND | 8,414,328 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 23,856,418 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 12,419,259 | ||||
LAND | 16,362,169 | ||||
BUILDING AND IMPROVEMENTS | 28,327,836 | ||||
TOTAL | 44,690,005 | ||||
ACCUMULATED DEPRECIATION | 6,265,348 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 38,424,657 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Newtown S.C. [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 15,635,442 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 422,382 | ||||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 16,057,824 | ||||
TOTAL | 16,057,824 | ||||
ACCUMULATED DEPRECIATION | 2,863,894 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 13,193,930 | ||||
ENCUMBRANCES | 7,092,420 | ||||
Shopping Center [Member] | Oakwood Plaza South [Member] | |||||
INITIAL COST LAND | 11,126,609 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 40,592,103 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (246,505) | ||||
LAND | 11,126,609 | ||||
BUILDING AND IMPROVEMENTS | 40,345,598 | ||||
TOTAL | 51,472,207 | ||||
ACCUMULATED DEPRECIATION | 6,611,972 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 44,860,235 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Greenwood S.C. [Member] | |||||
INITIAL COST LAND | 423,371 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,883,421 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 20,568,420 | ||||
LAND | 1,640,748 | ||||
BUILDING AND IMPROVEMENTS | 21,234,464 | ||||
TOTAL | 22,875,212 | ||||
ACCUMULATED DEPRECIATION | 4,329,891 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 18,545,321 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Wilde Lake [Member] | |||||
INITIAL COST LAND | 1,468,038 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 5,869,862 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 26,647,784 | ||||
LAND | 2,577,073 | ||||
BUILDING AND IMPROVEMENTS | 31,408,611 | ||||
TOTAL | 33,985,684 | ||||
ACCUMULATED DEPRECIATION | 11,231,674 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 22,754,010 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Pleasant Valley Promenade [Member] | |||||
INITIAL COST LAND | 5,208,885 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 20,885,792 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 22,521,186 | ||||
LAND | 5,208,885 | ||||
BUILDING AND IMPROVEMENTS | 43,406,978 | ||||
TOTAL | 48,615,863 | ||||
ACCUMULATED DEPRECIATION | 22,878,409 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 25,737,454 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Airport Plaza [Member] | |||||
INITIAL COST LAND | 22,711,189 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 107,011,500 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 6,011,483 | ||||
LAND | 22,711,189 | ||||
BUILDING AND IMPROVEMENTS | 113,022,983 | ||||
TOTAL | 135,734,172 | ||||
ACCUMULATED DEPRECIATION | 22,738,108 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 112,996,064 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Frankford Avenue S.C. [Member] | |||||
INITIAL COST LAND | 731,888 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,927,551 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 0 | ||||
LAND | 731,888 | ||||
BUILDING AND IMPROVEMENTS | 2,927,551 | ||||
TOTAL | 3,659,439 | ||||
ACCUMULATED DEPRECIATION | 1,826,592 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,832,847 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Trujillo Alto Plaza [Member] | |||||
INITIAL COST LAND | 12,053,673 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 24,445,858 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 5,067,766 | ||||
LAND | 12,289,288 | ||||
BUILDING AND IMPROVEMENTS | 29,278,009 | ||||
TOTAL | 41,567,297 | ||||
ACCUMULATED DEPRECIATION | 16,579,676 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 24,987,621 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Copperwood Village [Member] | |||||
INITIAL COST LAND | 13,848,109 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 84,183,731 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 958,779 | ||||
LAND | 13,848,109 | ||||
BUILDING AND IMPROVEMENTS | 85,142,510 | ||||
TOTAL | 98,990,619 | ||||
ACCUMULATED DEPRECIATION | 16,417,993 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 82,572,626 | ||||
Shopping Center [Member] | Franklin Park Commons [Member] | |||||
INITIAL COST LAND | 5,418,825 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 11,988,657 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 7,413,488 | ||||
LAND | 5,418,825 | ||||
BUILDING AND IMPROVEMENTS | 19,402,145 | ||||
TOTAL | 24,820,970 | ||||
ACCUMULATED DEPRECIATION | 3,141,448 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 21,679,522 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Lincoln Hills Town Center [Member] | |||||
INITIAL COST LAND | 8,228,587 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 26,127,322 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 517,347 | ||||
LAND | 8,228,587 | ||||
BUILDING AND IMPROVEMENTS | 26,644,669 | ||||
TOTAL | 34,873,256 | ||||
ACCUMULATED DEPRECIATION | 5,834,151 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 29,039,105 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | West Farm Shopping Center [Member] | |||||
INITIAL COST LAND | 5,805,969 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 23,348,024 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 18,635,677 | ||||
LAND | 7,585,116 | ||||
BUILDING AND IMPROVEMENTS | 40,204,554 | ||||
TOTAL | 47,789,670 | ||||
ACCUMULATED DEPRECIATION | 18,936,585 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 28,853,085 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Oakwood Business Ctr BDLG 1 [Member] | |||||
INITIAL COST LAND | 6,792,500 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 18,662,565 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 3,551,354 | ||||
LAND | 6,792,500 | ||||
BUILDING AND IMPROVEMENTS | 22,213,919 | ||||
TOTAL | 29,006,419 | ||||
ACCUMULATED DEPRECIATION | 7,714,837 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 21,291,582 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Abington Plaza [Member] | |||||
INITIAL COST LAND | 10,457,183 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 494,652 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 0 | ||||
LAND | 10,457,183 | ||||
BUILDING AND IMPROVEMENTS | 494,652 | ||||
TOTAL | 10,951,835 | ||||
ACCUMULATED DEPRECIATION | 223,572 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 10,728,263 | ||||
ENCUMBRANCES | 3,765,696 | ||||
Shopping Center [Member] | Riverhill Village Center [Member] | |||||
INITIAL COST LAND | 16,825,496 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 23,282,222 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 349,435 | ||||
LAND | 16,825,496 | ||||
BUILDING AND IMPROVEMENTS | 23,631,657 | ||||
TOTAL | 40,457,153 | ||||
ACCUMULATED DEPRECIATION | 5,600,696 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 34,856,457 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Brennan Station [Member] | |||||
INITIAL COST LAND | 7,749,751 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 20,556,891 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (344,091) | ||||
LAND | 6,321,923 | ||||
BUILDING AND IMPROVEMENTS | 21,640,628 | ||||
TOTAL | 27,962,551 | ||||
ACCUMULATED DEPRECIATION | 6,651,035 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 21,311,516 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Kissena Boulevard Shopping Ctr. [Member] | |||||
INITIAL COST LAND | 11,610,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,933,487 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 1,590,377 | ||||
LAND | 11,610,000 | ||||
BUILDING AND IMPROVEMENTS | 4,523,864 | ||||
TOTAL | 16,133,864 | ||||
ACCUMULATED DEPRECIATION | 1,226,049 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 14,907,815 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Wexford Plaza [Member] | |||||
INITIAL COST LAND | 6,413,635 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 9,774,600 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 10,747,958 | ||||
LAND | 6,299,299 | ||||
BUILDING AND IMPROVEMENTS | 20,636,894 | ||||
TOTAL | 26,936,193 | ||||
ACCUMULATED DEPRECIATION | 5,794,499 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 21,141,694 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | St. Andrews Center [Member] | |||||
INITIAL COST LAND | 730,164 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,132,092 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 18,973,079 | ||||
LAND | 730,164 | ||||
BUILDING AND IMPROVEMENTS | 22,105,171 | ||||
TOTAL | 22,835,335 | ||||
ACCUMULATED DEPRECIATION | 12,320,513 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 10,514,822 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Atascocita Commons Shop CTR [Member] | |||||
INITIAL COST LAND | 16,322,636 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 54,587,066 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (717,990) | ||||
LAND | 15,640,837 | ||||
BUILDING AND IMPROVEMENTS | 54,550,875 | ||||
TOTAL | 70,191,712 | ||||
ACCUMULATED DEPRECIATION | 11,168,971 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 59,022,741 | ||||
Shopping Center [Member] | Silverdale Plaza [Member] | |||||
INITIAL COST LAND | 3,875,013 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 33,109,418 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 106,142 | ||||
LAND | 3,755,613 | ||||
BUILDING AND IMPROVEMENTS | 33,334,960 | ||||
TOTAL | 37,090,573 | ||||
ACCUMULATED DEPRECIATION | 7,944,735 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 29,145,838 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Novato Fair S.C. [Member] | |||||
INITIAL COST LAND | 9,259,778 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 15,599,790 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 1,111,086 | ||||
LAND | 9,259,778 | ||||
BUILDING AND IMPROVEMENTS | 16,710,876 | ||||
TOTAL | 25,970,654 | ||||
ACCUMULATED DEPRECIATION | 7,080,576 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 18,890,078 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Hamden Mart [Member] | |||||
INITIAL COST LAND | 13,668,167 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 40,890,166 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 6,186,421 | ||||
LAND | 14,225,573 | ||||
BUILDING AND IMPROVEMENTS | 46,519,181 | ||||
TOTAL | 60,744,754 | ||||
ACCUMULATED DEPRECIATION | 9,347,255 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 51,397,499 | ||||
ENCUMBRANCES | 18,702,173 | ||||
Shopping Center [Member] | Kimco Avenues Walk, LLC [Member] | |||||
INITIAL COST LAND | 26,984,546 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (26,984,546) | ||||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 0 | ||||
TOTAL | 0 | ||||
ACCUMULATED DEPRECIATION | 0 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 0 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Washington St. Plaza [Member] | |||||
INITIAL COST LAND | 11,007,593 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 5,652,368 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 9,672,304 | ||||
LAND | 12,957,593 | ||||
BUILDING AND IMPROVEMENTS | 13,374,672 | ||||
TOTAL | 26,332,265 | ||||
ACCUMULATED DEPRECIATION | 3,294,086 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 23,038,179 | ||||
ENCUMBRANCES | 5,154,370 | ||||
Shopping Center [Member] | Columbia Crossing Outparcels [Member] | |||||
INITIAL COST LAND | 1,279,200 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,870,800 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 20,602,841 | ||||
LAND | 6,147,248 | ||||
BUILDING AND IMPROVEMENTS | 18,605,593 | ||||
TOTAL | 24,752,841 | ||||
ACCUMULATED DEPRECIATION | 4,414,835 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 20,338,006 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Brennan Station Outparcel [Member] | |||||
INITIAL COST LAND | 627,906 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,665,576 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (186,984) | ||||
LAND | 450,232 | ||||
BUILDING AND IMPROVEMENTS | 1,656,266 | ||||
TOTAL | 2,106,498 | ||||
ACCUMULATED DEPRECIATION | 415,017 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,691,481 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Hampton Bays Plaza [Member] | |||||
INITIAL COST LAND | 1,495,105 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 5,979,320 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 3,426,833 | ||||
LAND | 1,495,105 | ||||
BUILDING AND IMPROVEMENTS | 9,406,153 | ||||
TOTAL | 10,901,258 | ||||
ACCUMULATED DEPRECIATION | 8,247,555 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,653,703 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Lincoln Square [Member] | |||||
INITIAL COST LAND | 90,478,522 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 74,705,539 | ||||
LAND | 10,532,804 | ||||
BUILDING AND IMPROVEMENTS | 154,651,257 | ||||
TOTAL | 165,184,061 | ||||
ACCUMULATED DEPRECIATION | 6,748,144 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 158,435,917 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Westwood Plaza [Member] | |||||
INITIAL COST LAND | 1,744,430 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,986,094 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 14,951,361 | ||||
LAND | 1,726,833 | ||||
BUILDING AND IMPROVEMENTS | 21,955,052 | ||||
TOTAL | 23,681,885 | ||||
ACCUMULATED DEPRECIATION | 5,836,373 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 17,845,512 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Tomball Crossings [Member] | |||||
INITIAL COST LAND | 8,517,427 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 28,484,450 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 969,146 | ||||
LAND | 7,964,894 | ||||
BUILDING AND IMPROVEMENTS | 30,006,129 | ||||
TOTAL | 37,971,023 | ||||
ACCUMULATED DEPRECIATION | 6,287,828 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 31,683,195 | ||||
Shopping Center [Member] | South Napa Market Place [Member] | |||||
INITIAL COST LAND | 1,100,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 22,159,086 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 21,176,771 | ||||
LAND | 23,119,071 | ||||
BUILDING AND IMPROVEMENTS | 21,316,786 | ||||
TOTAL | 44,435,857 | ||||
ACCUMULATED DEPRECIATION | 13,153,433 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 31,282,424 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Home Depot Plaza 2 [Member] | |||||
INITIAL COST LAND | 7,704,968 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 30,797,640 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 3,735,630 | ||||
LAND | 7,704,968 | ||||
BUILDING AND IMPROVEMENTS | 34,533,270 | ||||
TOTAL | 42,238,238 | ||||
ACCUMULATED DEPRECIATION | 18,353,747 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 23,884,491 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Avenues Walk [Member] | |||||
INITIAL COST LAND | 8,169,933 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 20,173,468 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (23,528,330) | ||||
LAND | 1,724,923 | ||||
BUILDING AND IMPROVEMENTS | 3,090,148 | ||||
TOTAL | 4,815,071 | ||||
ACCUMULATED DEPRECIATION | 840,654 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 3,974,417 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Memorial Plaza [Member] | |||||
INITIAL COST LAND | 16,411,388 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 27,553,908 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 997,520 | ||||
LAND | 16,411,388 | ||||
BUILDING AND IMPROVEMENTS | 28,551,428 | ||||
TOTAL | 44,962,816 | ||||
ACCUMULATED DEPRECIATION | 5,181,269 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 39,781,547 | ||||
ENCUMBRANCES | 14,213,412 | ||||
Shopping Center [Member] | Columbia Crossing II Shop Ctr, [Member] | |||||
INITIAL COST LAND | 3,137,628 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 19,868,075 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 4,766,798 | ||||
LAND | 3,137,628 | ||||
BUILDING AND IMPROVEMENTS | 24,634,873 | ||||
TOTAL | 27,772,501 | ||||
ACCUMULATED DEPRECIATION | 4,338,021 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 23,434,480 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Cloverdale Plaza [Member] | |||||
INITIAL COST LAND | 540,667 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 719,655 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 7,535,398 | ||||
LAND | 540,667 | ||||
BUILDING AND IMPROVEMENTS | 8,255,053 | ||||
TOTAL | 8,795,720 | ||||
ACCUMULATED DEPRECIATION | 4,249,108 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 4,546,612 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Hicksville Plaza [Member] | |||||
INITIAL COST LAND | 3,542,739 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 8,266,375 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 2,544,652 | ||||
LAND | 3,542,739 | ||||
BUILDING AND IMPROVEMENTS | 10,811,027 | ||||
TOTAL | 14,353,766 | ||||
ACCUMULATED DEPRECIATION | 4,371,522 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 9,982,244 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Cranberry Township - Parcel 1 and 2 [Member] | |||||
INITIAL COST LAND | 10,270,846 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 30,769,592 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 1,951,268 | ||||
LAND | 6,070,254 | ||||
BUILDING AND IMPROVEMENTS | 36,921,452 | ||||
TOTAL | 42,991,706 | ||||
ACCUMULATED DEPRECIATION | 5,726,438 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 37,265,268 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Woodruff Shopping Center [Member] | |||||
INITIAL COST LAND | 3,110,439 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 15,501,117 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 1,341,011 | ||||
LAND | 3,465,199 | ||||
BUILDING AND IMPROVEMENTS | 16,487,368 | ||||
TOTAL | 19,952,567 | ||||
ACCUMULATED DEPRECIATION | 4,746,300 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 15,206,267 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Copperfield Village Shop CTR [Member] | |||||
INITIAL COST LAND | 7,827,639 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 34,864,441 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 471,227 | ||||
LAND | 7,827,639 | ||||
BUILDING AND IMPROVEMENTS | 35,335,668 | ||||
TOTAL | 43,163,307 | ||||
ACCUMULATED DEPRECIATION | 6,876,844 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 36,286,463 | ||||
Shopping Center [Member] | Plaza Di Northridge [Member] | |||||
INITIAL COST LAND | 12,900,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 40,574,842 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 1,577,797 | ||||
LAND | 12,900,000 | ||||
BUILDING AND IMPROVEMENTS | 42,152,639 | ||||
TOTAL | 55,052,639 | ||||
ACCUMULATED DEPRECIATION | 16,379,505 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 38,673,134 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Wilton River Park Shopping Ctr [Member] | |||||
INITIAL COST LAND | 7,154,585 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 27,509,279 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 463,679 | ||||
LAND | 7,154,584 | ||||
BUILDING AND IMPROVEMENTS | 27,972,959 | ||||
TOTAL | 35,127,543 | ||||
ACCUMULATED DEPRECIATION | 6,339,046 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 28,788,497 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Riverplace Shopping Ctr. [Member] | |||||
INITIAL COST LAND | 7,503,282 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 31,011,027 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 1,814,464 | ||||
LAND | 7,200,050 | ||||
BUILDING AND IMPROVEMENTS | 33,128,723 | ||||
TOTAL | 40,328,773 | ||||
ACCUMULATED DEPRECIATION | 11,232,617 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 29,096,156 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Main St. Plaza [Member] | |||||
INITIAL COST LAND | 555,898 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,139,494 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 0 | ||||
LAND | 555,898 | ||||
BUILDING AND IMPROVEMENTS | 2,139,494 | ||||
TOTAL | 2,695,392 | ||||
ACCUMULATED DEPRECIATION | 538,443 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,156,949 | ||||
ENCUMBRANCES | 1,160,478 | ||||
Shopping Center [Member] | Shops at District Heights [Member] | |||||
INITIAL COST LAND | 8,165,638 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 21,970,661 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (1,325,546) | ||||
LAND | 7,298,215 | ||||
BUILDING AND IMPROVEMENTS | 21,512,538 | ||||
TOTAL | 28,810,753 | ||||
ACCUMULATED DEPRECIATION | 3,210,633 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 25,600,120 | ||||
ENCUMBRANCES | 12,338,092 | ||||
Shopping Center [Member] | Webster Square [Member] | |||||
INITIAL COST LAND | 11,683,145 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 41,708,383 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 5,914,072 | ||||
LAND | 11,683,145 | ||||
BUILDING AND IMPROVEMENTS | 47,622,455 | ||||
TOTAL | 59,305,600 | ||||
ACCUMULATED DEPRECIATION | 9,058,889 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 50,246,711 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Turnpike Plaza [Member] | |||||
INITIAL COST LAND | 2,471,832 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 5,839,416 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 811,116 | ||||
LAND | 2,471,832 | ||||
BUILDING AND IMPROVEMENTS | 6,650,532 | ||||
TOTAL | 9,122,364 | ||||
ACCUMULATED DEPRECIATION | 2,177,657 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 6,944,707 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Crossroads Plaza 3 [Member] | |||||
INITIAL COST LAND | 788,761 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,155,044 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 13,915,930 | ||||
LAND | 976,439 | ||||
BUILDING AND IMPROVEMENTS | 16,883,296 | ||||
TOTAL | 17,859,735 | ||||
ACCUMULATED DEPRECIATION | 10,937,138 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 6,922,597 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Forest Park [Member] | |||||
INITIAL COST LAND | 1,920,241 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 9,544,875 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 580,963 | ||||
LAND | 1,920,241 | ||||
BUILDING AND IMPROVEMENTS | 10,125,838 | ||||
TOTAL | 12,046,079 | ||||
ACCUMULATED DEPRECIATION | 2,336,596 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 9,709,483 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Kroger Plaza [Member] | |||||
INITIAL COST LAND | 520,340 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,081,356 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 1,477,184 | ||||
LAND | 520,340 | ||||
BUILDING AND IMPROVEMENTS | 3,558,540 | ||||
TOTAL | 4,078,880 | ||||
ACCUMULATED DEPRECIATION | 2,189,764 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,889,116 | ||||
Shopping Center [Member] | Linda Mar Shipping Center [Member] | |||||
INITIAL COST LAND | 16,548,592 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 37,521,194 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 4,485,646 | ||||
LAND | 16,548,592 | ||||
BUILDING AND IMPROVEMENTS | 42,006,840 | ||||
TOTAL | 58,555,432 | ||||
ACCUMULATED DEPRECIATION | 10,108,349 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 48,447,083 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Bright Horizons [Member] | |||||
INITIAL COST LAND | 1,211,748 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,610,610 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 82,937 | ||||
LAND | 1,211,748 | ||||
BUILDING AND IMPROVEMENTS | 4,693,547 | ||||
TOTAL | 5,905,295 | ||||
ACCUMULATED DEPRECIATION | 1,319,102 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 4,586,193 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Merchants Walk [Member] | |||||
INITIAL COST LAND | 2,580,816 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 10,366,090 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 7,368,336 | ||||
LAND | 2,580,816 | ||||
BUILDING AND IMPROVEMENTS | 17,734,426 | ||||
TOTAL | 20,315,242 | ||||
ACCUMULATED DEPRECIATION | 10,728,462 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 9,586,780 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Morrissey Plaza [Member] | |||||
INITIAL COST LAND | 4,097,251 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,751,068 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (695,389) | ||||
LAND | 4,097,251 | ||||
BUILDING AND IMPROVEMENTS | 3,055,679 | ||||
TOTAL | 7,152,930 | ||||
ACCUMULATED DEPRECIATION | 384,484 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 6,768,446 | ||||
ENCUMBRANCES | 2,658,847 | ||||
Shopping Center [Member] | Enchanted Forest S.C. [Member] | |||||
INITIAL COST LAND | 20,123,946 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 34,345,102 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 888,894 | ||||
LAND | 20,123,946 | ||||
BUILDING AND IMPROVEMENTS | 35,233,996 | ||||
TOTAL | 55,357,942 | ||||
ACCUMULATED DEPRECIATION | 7,250,636 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 48,107,306 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Webster Square - DSW [Member] | |||||
INITIAL COST LAND | 1,346,391 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,638,397 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 131,388 | ||||
LAND | 1,346,391 | ||||
BUILDING AND IMPROVEMENTS | 3,769,785 | ||||
TOTAL | 5,116,176 | ||||
ACCUMULATED DEPRECIATION | 647,828 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 4,468,348 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Jericho Commons South [Member] | |||||
INITIAL COST LAND | 12,368,330 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 33,071,495 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 3,602,303 | ||||
LAND | 12,368,330 | ||||
BUILDING AND IMPROVEMENTS | 36,673,798 | ||||
TOTAL | 49,042,128 | ||||
ACCUMULATED DEPRECIATION | 13,606,878 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 35,435,250 | ||||
ENCUMBRANCES | 4,820,223 | ||||
Shopping Center [Member] | Springfield S.C. [Member] | |||||
INITIAL COST LAND | 919,998 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,981,589 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 13,182,633 | ||||
LAND | 920,000 | ||||
BUILDING AND IMPROVEMENTS | 18,164,220 | ||||
TOTAL | 19,084,220 | ||||
ACCUMULATED DEPRECIATION | 11,534,171 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,550,049 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Old Towne Village [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,133,904 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 4,449,302 | ||||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 8,583,206 | ||||
TOTAL | 8,583,206 | ||||
ACCUMULATED DEPRECIATION | 6,444,263 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,138,943 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Accent Plaza [Member] | |||||
INITIAL COST LAND | 500,414 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,830,835 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 5,054 | ||||
LAND | 500,414 | ||||
BUILDING AND IMPROVEMENTS | 2,835,889 | ||||
TOTAL | 3,336,303 | ||||
ACCUMULATED DEPRECIATION | 1,754,962 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,581,341 | ||||
Shopping Center [Member] | Poway City Centre [Member] | |||||
INITIAL COST LAND | 5,854,585 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 13,792,470 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 9,147,403 | ||||
LAND | 7,247,814 | ||||
BUILDING AND IMPROVEMENTS | 21,546,644 | ||||
TOTAL | 28,794,458 | ||||
ACCUMULATED DEPRECIATION | 10,081,446 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 18,713,012 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Wilton Campus [Member] | |||||
INITIAL COST LAND | 10,168,872 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 31,893,016 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 2,519,298 | ||||
LAND | 10,168,872 | ||||
BUILDING AND IMPROVEMENTS | 34,412,314 | ||||
TOTAL | 44,581,186 | ||||
ACCUMULATED DEPRECIATION | 9,509,306 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 35,071,880 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Center at Missouri Avenue [Member] | |||||
INITIAL COST LAND | 293,686 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 792,119 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 7,118,160 | ||||
LAND | 293,686 | ||||
BUILDING AND IMPROVEMENTS | 7,910,279 | ||||
TOTAL | 8,203,965 | ||||
ACCUMULATED DEPRECIATION | 2,300,235 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,903,730 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Glendale Square [Member] | |||||
INITIAL COST LAND | 4,698,891 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 7,141,090 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 309,805 | ||||
LAND | 4,698,891 | ||||
BUILDING AND IMPROVEMENTS | 7,450,895 | ||||
TOTAL | 12,149,786 | ||||
ACCUMULATED DEPRECIATION | 1,717,907 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 10,431,879 | ||||
ENCUMBRANCES | 4,921,462 | ||||
Shopping Center [Member] | Shoppes at Easton [Member] | |||||
INITIAL COST LAND | 6,523,713 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 16,402,204 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (2,771,003) | ||||
LAND | 5,630,344 | ||||
BUILDING AND IMPROVEMENTS | 14,524,570 | ||||
TOTAL | 20,154,914 | ||||
ACCUMULATED DEPRECIATION | 3,284,581 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 16,870,333 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Webster Square North [Member] | |||||
INITIAL COST LAND | 2,163,138 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,511,424 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 131,176 | ||||
LAND | 2,163,138 | ||||
BUILDING AND IMPROVEMENTS | 6,642,600 | ||||
TOTAL | 8,805,738 | ||||
ACCUMULATED DEPRECIATION | 1,381,090 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,424,648 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | 501 North Broadway [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,175,543 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (57,618) | ||||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 1,117,925 | ||||
TOTAL | 1,117,925 | ||||
ACCUMULATED DEPRECIATION | 472,289 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 645,636 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Shrewsbury Square S.C. [Member] | |||||
INITIAL COST LAND | 8,066,107 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 16,997,997 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (2,098,623) | ||||
LAND | 6,171,638 | ||||
BUILDING AND IMPROVEMENTS | 16,793,843 | ||||
TOTAL | 22,965,481 | ||||
ACCUMULATED DEPRECIATION | 3,454,950 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 19,510,531 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Woodbridge Shopping Center [Member] | |||||
INITIAL COST LAND | 2,568,705 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,813,716 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 366,452 | ||||
LAND | 2,568,705 | ||||
BUILDING AND IMPROVEMENTS | 7,180,168 | ||||
TOTAL | 9,748,873 | ||||
ACCUMULATED DEPRECIATION | 2,117,065 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,631,808 | ||||
Shopping Center [Member] | Redwood City Plaza [Member] | |||||
INITIAL COST LAND | 2,552,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,215,168 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 5,960,677 | ||||
LAND | 2,552,000 | ||||
BUILDING AND IMPROVEMENTS | 12,175,845 | ||||
TOTAL | 14,727,845 | ||||
ACCUMULATED DEPRECIATION | 2,603,714 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 12,124,131 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Camden Square [Member] | |||||
INITIAL COST LAND | 122,741 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 66,738 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 4,706,775 | ||||
LAND | 3,024,375 | ||||
BUILDING AND IMPROVEMENTS | 1,871,879 | ||||
TOTAL | 4,896,254 | ||||
ACCUMULATED DEPRECIATION | 258,544 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 4,637,710 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Tri-City Plaza [Member] | |||||
INITIAL COST LAND | 2,832,296 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 11,329,185 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 22,339,491 | ||||
LAND | 2,832,296 | ||||
BUILDING AND IMPROVEMENTS | 33,668,676 | ||||
TOTAL | 36,500,972 | ||||
ACCUMULATED DEPRECIATION | 6,588,438 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 29,912,534 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Falmouth Plaza [Member] | |||||
INITIAL COST LAND | 2,361,071 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 13,065,817 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 1,520,888 | ||||
LAND | 2,361,071 | ||||
BUILDING AND IMPROVEMENTS | 14,586,705 | ||||
TOTAL | 16,947,776 | ||||
ACCUMULATED DEPRECIATION | 2,866,682 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 14,081,094 | ||||
ENCUMBRANCES | 6,925,506 | ||||
Shopping Center [Member] | Villages at Urbana [Member] | |||||
INITIAL COST LAND | 3,190,074 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,067 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 20,089,141 | ||||
LAND | 4,828,774 | ||||
BUILDING AND IMPROVEMENTS | 18,456,508 | ||||
TOTAL | 23,285,282 | ||||
ACCUMULATED DEPRECIATION | 3,028,180 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 20,257,102 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Rockingham Plaza [Member] | |||||
INITIAL COST LAND | 2,660,915 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 10,643,660 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 23,991,703 | ||||
LAND | 3,148,715 | ||||
BUILDING AND IMPROVEMENTS | 34,147,563 | ||||
TOTAL | 37,296,278 | ||||
ACCUMULATED DEPRECIATION | 14,966,093 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 22,330,185 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Milleridge Inn [Member] | |||||
INITIAL COST LAND | 7,500,330 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 481,316 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (47,091) | ||||
LAND | 7,500,000 | ||||
BUILDING AND IMPROVEMENTS | 434,555 | ||||
TOTAL | 7,934,555 | ||||
ACCUMULATED DEPRECIATION | 49,063 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,885,492 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Whitehall Mall [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 5,195,577 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 0 | ||||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 5,195,577 | ||||
TOTAL | 5,195,577 | ||||
ACCUMULATED DEPRECIATION | 3,241,685 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,953,892 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Grand Parkway Marketplace [Member] | |||||
INITIAL COST LAND | 25,363,548 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 68,335,804 | ||||
LAND | 21,937,009 | ||||
BUILDING AND IMPROVEMENTS | 71,762,343 | ||||
TOTAL | 93,699,352 | ||||
ACCUMULATED DEPRECIATION | 5,445,467 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 88,253,885 | ||||
Shopping Center [Member] | Stanford Ranch [Member] | |||||
INITIAL COST LAND | 10,583,764 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 30,007,231 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 2,838,540 | ||||
LAND | 9,982,626 | ||||
BUILDING AND IMPROVEMENTS | 33,446,909 | ||||
TOTAL | 43,429,535 | ||||
ACCUMULATED DEPRECIATION | 6,092,715 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 37,336,820 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Promenade at Christiana [Member] | |||||
INITIAL COST LAND | 14,371,686 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 5,572,067 | ||||
LAND | 8,340,000 | ||||
BUILDING AND IMPROVEMENTS | 11,603,753 | ||||
TOTAL | 19,943,753 | ||||
ACCUMULATED DEPRECIATION | 368,010 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 19,575,743 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Ft. Lauderdale #1, FL [Member] | |||||
INITIAL COST LAND | 1,002,733 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,602,415 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 16,317,140 | ||||
LAND | 1,774,443 | ||||
BUILDING AND IMPROVEMENTS | 18,147,845 | ||||
TOTAL | 19,922,288 | ||||
ACCUMULATED DEPRECIATION | 11,145,558 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 8,776,730 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Waverly Plaza [Member] | |||||
INITIAL COST LAND | 1,215,005 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,622,911 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 321,467 | ||||
LAND | 1,203,205 | ||||
BUILDING AND IMPROVEMENTS | 3,956,178 | ||||
TOTAL | 5,159,383 | ||||
ACCUMULATED DEPRECIATION | 930,755 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 4,228,628 | ||||
ENCUMBRANCES | 1,955,997 | ||||
Shopping Center [Member] | Gaithersburg S.C. [Member] | |||||
INITIAL COST LAND | 244,890 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,787,534 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 1,752,884 | ||||
LAND | 244,890 | ||||
BUILDING AND IMPROVEMENTS | 8,540,418 | ||||
TOTAL | 8,785,308 | ||||
ACCUMULATED DEPRECIATION | 4,419,147 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 4,366,161 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Shop Rite Plaza [Member] | |||||
INITIAL COST LAND | 2,417,583 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,364,094 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 2,431,917 | ||||
LAND | 2,417,583 | ||||
BUILDING AND IMPROVEMENTS | 8,796,011 | ||||
TOTAL | 11,213,594 | ||||
ACCUMULATED DEPRECIATION | 7,441,574 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 3,772,020 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Family Dollar Union Turnpike [Member] | |||||
INITIAL COST LAND | 909,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,249,775 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 258,033 | ||||
LAND | 1,056,709 | ||||
BUILDING AND IMPROVEMENTS | 2,360,099 | ||||
TOTAL | 3,416,808 | ||||
ACCUMULATED DEPRECIATION | 605,446 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,811,362 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Whole Foods at Wynnewood [Member] | |||||
INITIAL COST LAND | 15,042,165 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 11,784,771 | ||||
LAND | 13,772,394 | ||||
BUILDING AND IMPROVEMENTS | 13,054,542 | ||||
TOTAL | 26,826,936 | ||||
ACCUMULATED DEPRECIATION | 1,109,542 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 25,717,394 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Grand Parkway Marketplace II [Member] | |||||
INITIAL COST LAND | 13,436,447 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 39,317,517 | ||||
LAND | 12,556,112 | ||||
BUILDING AND IMPROVEMENTS | 40,197,852 | ||||
TOTAL | 52,753,964 | ||||
ACCUMULATED DEPRECIATION | 2,615,556 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 50,138,408 | ||||
Shopping Center [Member] | Crocker Ranch [Member] | |||||
INITIAL COST LAND | 7,526,146 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 24,877,611 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 109,359 | ||||
LAND | 7,526,146 | ||||
BUILDING AND IMPROVEMENTS | 24,986,970 | ||||
TOTAL | 32,513,116 | ||||
ACCUMULATED DEPRECIATION | 4,657,462 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 27,855,654 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Brandywine Commons [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 36,057,487 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (936,597) | ||||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 35,120,890 | ||||
TOTAL | 35,120,890 | ||||
ACCUMULATED DEPRECIATION | 7,205,034 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 27,915,856 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | NASA Plaza [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,754,000 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 4,213,164 | ||||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 5,967,164 | ||||
TOTAL | 5,967,164 | ||||
ACCUMULATED DEPRECIATION | 4,209,825 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,757,339 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Festival of Hyannis S.C. [Member] | |||||
INITIAL COST LAND | 15,038,197 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 40,682,853 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 1,846,621 | ||||
LAND | 15,038,197 | ||||
BUILDING AND IMPROVEMENTS | 42,529,474 | ||||
TOTAL | 57,567,671 | ||||
ACCUMULATED DEPRECIATION | 9,845,267 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 47,722,404 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Kentlands Market Square [Member] | |||||
INITIAL COST LAND | 20,167,048 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 84,615,052 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 16,531,901 | ||||
LAND | 20,167,048 | ||||
BUILDING AND IMPROVEMENTS | 101,146,953 | ||||
TOTAL | 121,314,001 | ||||
ACCUMULATED DEPRECIATION | 12,019,870 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 109,294,131 | ||||
ENCUMBRANCES | 30,173,767 | ||||
Shopping Center [Member] | Marlton Plaza [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,318,534 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 153,375 | ||||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 4,471,909 | ||||
TOTAL | 4,471,909 | ||||
ACCUMULATED DEPRECIATION | 2,725,754 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,746,155 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Little Neck Plaza [Member] | |||||
INITIAL COST LAND | 3,277,254 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 13,161,218 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 6,062,939 | ||||
LAND | 3,277,253 | ||||
BUILDING AND IMPROVEMENTS | 19,224,158 | ||||
TOTAL | 22,501,411 | ||||
ACCUMULATED DEPRECIATION | 8,903,016 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 13,598,395 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Shoppes at Wynnewood [Member] | |||||
INITIAL COST LAND | 7,478,907 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 3,684,674 | ||||
LAND | 7,478,907 | ||||
BUILDING AND IMPROVEMENTS | 3,684,674 | ||||
TOTAL | 11,163,581 | ||||
ACCUMULATED DEPRECIATION | 418,878 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 10,744,703 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Home Depot Plaza [Member] | |||||
INITIAL COST LAND | 4,592,364 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 18,345,257 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 0 | ||||
LAND | 4,592,364 | ||||
BUILDING AND IMPROVEMENTS | 18,345,257 | ||||
TOTAL | 22,937,621 | ||||
ACCUMULATED DEPRECIATION | 10,785,790 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 12,151,831 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Grove Gates S.C. [Member] | |||||
INITIAL COST LAND | 365,893 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,049,172 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 792,700 | ||||
LAND | 365,893 | ||||
BUILDING AND IMPROVEMENTS | 1,841,872 | ||||
TOTAL | 2,207,765 | ||||
ACCUMULATED DEPRECIATION | 1,635,124 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 572,641 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Fellsway Plaza [Member] | |||||
INITIAL COST LAND | 5,300,388 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 11,013,543 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 829,830 | ||||
LAND | 5,300,388 | ||||
BUILDING AND IMPROVEMENTS | 11,843,373 | ||||
TOTAL | 17,143,761 | ||||
ACCUMULATED DEPRECIATION | 2,042,477 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 15,101,284 | ||||
ENCUMBRANCES | 5,875,685 | ||||
Shopping Center [Member] | Shawan Plaza [Member] | |||||
INITIAL COST LAND | 4,466,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 20,222,367 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 55,327 | ||||
LAND | 4,466,000 | ||||
BUILDING AND IMPROVEMENTS | 20,277,694 | ||||
TOTAL | 24,743,694 | ||||
ACCUMULATED DEPRECIATION | 12,607,792 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 12,135,902 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Hillview Shopping Center [Member] | |||||
INITIAL COST LAND | 16,007,647 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 32,607,423 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 1,019,256 | ||||
LAND | 16,007,647 | ||||
BUILDING AND IMPROVEMENTS | 33,626,679 | ||||
TOTAL | 49,634,326 | ||||
ACCUMULATED DEPRECIATION | 6,168,310 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 43,466,016 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Key Food - 21st Street [Member] | |||||
INITIAL COST LAND | 1,090,800 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,699,730 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (159,449) | ||||
LAND | 1,669,153 | ||||
BUILDING AND IMPROVEMENTS | 1,961,928 | ||||
TOTAL | 3,631,081 | ||||
ACCUMULATED DEPRECIATION | 420,415 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 3,210,666 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Santee Trolley Square [Member] | |||||
INITIAL COST LAND | 40,208,683 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 62,963,757 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 162,067 | ||||
LAND | 40,208,683 | ||||
BUILDING AND IMPROVEMENTS | 63,125,824 | ||||
TOTAL | 103,334,507 | ||||
ACCUMULATED DEPRECIATION | 19,336,901 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 83,997,606 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Chevron Outparcel [Member] | |||||
INITIAL COST LAND | 530,570 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,253,410 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 0 | ||||
LAND | 530,570 | ||||
BUILDING AND IMPROVEMENTS | 1,253,410 | ||||
TOTAL | 1,783,980 | ||||
ACCUMULATED DEPRECIATION | 421,710 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,362,270 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | North Quincy Plaza [Member] | |||||
INITIAL COST LAND | 6,332,542 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 17,954,110 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (274,381) | ||||
LAND | 3,894,436 | ||||
BUILDING AND IMPROVEMENTS | 20,117,835 | ||||
TOTAL | 24,012,271 | ||||
ACCUMULATED DEPRECIATION | 3,635,148 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 20,377,123 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Laurel Plaza [Member] | |||||
INITIAL COST LAND | 349,562 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,398,250 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 6,143,718 | ||||
LAND | 1,571,288 | ||||
BUILDING AND IMPROVEMENTS | 6,320,242 | ||||
TOTAL | 7,891,530 | ||||
ACCUMULATED DEPRECIATION | 2,539,591 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,351,939 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Garden State Pavilions [Member] | |||||
INITIAL COST LAND | 7,530,709 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 10,801,949 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 21,436,057 | ||||
LAND | 12,203,841 | ||||
BUILDING AND IMPROVEMENTS | 27,564,874 | ||||
TOTAL | 39,768,715 | ||||
ACCUMULATED DEPRECIATION | 9,364,390 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 30,404,325 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Manhasset Center [Member] | |||||
INITIAL COST LAND | 4,567,003 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 19,165,808 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 32,485,753 | ||||
LAND | 3,471,939 | ||||
BUILDING AND IMPROVEMENTS | 52,746,625 | ||||
TOTAL | 56,218,564 | ||||
ACCUMULATED DEPRECIATION | 29,031,993 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 27,186,571 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | San Diego Carmel Mountain [Member] | |||||
INITIAL COST LAND | 5,322,600 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 8,873,991 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 249,367 | ||||
LAND | 5,322,600 | ||||
BUILDING AND IMPROVEMENTS | 9,123,358 | ||||
TOTAL | 14,445,958 | ||||
ACCUMULATED DEPRECIATION | 2,878,796 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 11,567,162 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Ives Dairy Crossing [Member] | |||||
INITIAL COST LAND | 732,914 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,080,460 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 11,492,230 | ||||
LAND | 720,852 | ||||
BUILDING AND IMPROVEMENTS | 15,584,752 | ||||
TOTAL | 16,305,604 | ||||
ACCUMULATED DEPRECIATION | 10,440,914 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,864,690 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Adams Plaza [Member] | |||||
INITIAL COST LAND | 2,089,363 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,226,648 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 12,409 | ||||
LAND | 2,089,363 | ||||
BUILDING AND IMPROVEMENTS | 3,239,057 | ||||
TOTAL | 5,328,420 | ||||
ACCUMULATED DEPRECIATION | 720,682 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 4,607,738 | ||||
ENCUMBRANCES | 1,630,349 | ||||
Shopping Center [Member] | Laurel Plaza 2 [Member] | |||||
INITIAL COST LAND | 274,580 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,100,968 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 173,969 | ||||
LAND | 274,580 | ||||
BUILDING AND IMPROVEMENTS | 1,274,937 | ||||
TOTAL | 1,549,517 | ||||
ACCUMULATED DEPRECIATION | 1,224,930 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 324,587 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Clark Shoprite 70 Central Ave [Member] | |||||
INITIAL COST LAND | 3,496,673 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 11,693,769 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 994,829 | ||||
LAND | 13,959,593 | ||||
BUILDING AND IMPROVEMENTS | 2,225,678 | ||||
TOTAL | 16,185,271 | ||||
ACCUMULATED DEPRECIATION | 1,167,124 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 15,018,147 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Manhasset Center (Residential) [Member] | |||||
INITIAL COST LAND | 950,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 0 | ||||
LAND | 950,000 | ||||
BUILDING AND IMPROVEMENTS | 0 | ||||
TOTAL | 950,000 | ||||
ACCUMULATED DEPRECIATION | 0 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 950,000 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Fulton Market Place [Member] | |||||
INITIAL COST LAND | 2,966,018 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,920,710 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 16,341,782 | ||||
LAND | 6,279,753 | ||||
BUILDING AND IMPROVEMENTS | 19,948,757 | ||||
TOTAL | 26,228,510 | ||||
ACCUMULATED DEPRECIATION | 5,045,869 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 21,182,641 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Miller Road S.C. [Member] | |||||
INITIAL COST LAND | 1,138,082 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,552,327 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 4,674,664 | ||||
LAND | 1,138,082 | ||||
BUILDING AND IMPROVEMENTS | 9,226,991 | ||||
TOTAL | 10,365,073 | ||||
ACCUMULATED DEPRECIATION | 6,228,031 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 4,137,042 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Broadway Plaza [Member] | |||||
INITIAL COST LAND | 6,485,065 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 343,422 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 0 | ||||
LAND | 6,485,065 | ||||
BUILDING AND IMPROVEMENTS | 343,422 | ||||
TOTAL | 6,828,487 | ||||
ACCUMULATED DEPRECIATION | 168,551 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 6,659,936 | ||||
ENCUMBRANCES | 2,502,014 | ||||
Shopping Center [Member] | Mill Station Theater/ Restaurants [Member] | |||||
INITIAL COST LAND | 23,378,543 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,089,760 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (3,729,443) | ||||
LAND | 14,737,597 | ||||
BUILDING AND IMPROVEMENTS | 6,001,263 | ||||
TOTAL | 20,738,860 | ||||
ACCUMULATED DEPRECIATION | 1,012,354 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 19,726,506 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Commerce Center West [Member] | |||||
INITIAL COST LAND | 385,760 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,290,080 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 160,534 | ||||
LAND | 793,595 | ||||
BUILDING AND IMPROVEMENTS | 1,042,779 | ||||
TOTAL | 1,836,374 | ||||
ACCUMULATED DEPRECIATION | 290,590 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,545,784 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Maspeth Queens-Duane Reade [Member] | |||||
INITIAL COST LAND | 1,872,013 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,827,940 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 1,036,886 | ||||
LAND | 1,872,013 | ||||
BUILDING AND IMPROVEMENTS | 5,864,826 | ||||
TOTAL | 7,736,839 | ||||
ACCUMULATED DEPRECIATION | 2,370,655 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,366,184 | ||||
ENCUMBRANCES | 1,746,452 | ||||
Shopping Center [Member] | Black Mountain Village [Member] | |||||
INITIAL COST LAND | 4,678,015 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 11,913,344 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 1,025,682 | ||||
LAND | 4,678,015 | ||||
BUILDING AND IMPROVEMENTS | 12,939,026 | ||||
TOTAL | 17,617,041 | ||||
ACCUMULATED DEPRECIATION | 5,368,087 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 12,248,954 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Kendale Lakes Plaza [Member] | |||||
INITIAL COST LAND | 18,491,461 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 28,496,001 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (879,918) | ||||
LAND | 15,362,227 | ||||
BUILDING AND IMPROVEMENTS | 30,745,317 | ||||
TOTAL | 46,107,544 | ||||
ACCUMULATED DEPRECIATION | 9,463,083 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 36,644,461 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Vinnin Square Plaza [Member] | |||||
INITIAL COST LAND | 5,545,425 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 16,324,060 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 260,662 | ||||
LAND | 5,545,425 | ||||
BUILDING AND IMPROVEMENTS | 16,584,722 | ||||
TOTAL | 22,130,147 | ||||
ACCUMULATED DEPRECIATION | 4,292,574 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 17,837,573 | ||||
ENCUMBRANCES | 7,741,985 | ||||
Shopping Center [Member] | Mill Station [Member] | |||||
INITIAL COST LAND | 21,320,924 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 60,489,404 | ||||
LAND | 16,075,820 | ||||
BUILDING AND IMPROVEMENTS | 65,734,508 | ||||
TOTAL | 81,810,328 | ||||
ACCUMULATED DEPRECIATION | 1,424,791 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 80,385,537 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Commerce Center East [Member] | |||||
INITIAL COST LAND | 1,518,930 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 5,079,690 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 1,753,865 | ||||
LAND | 7,235,196 | ||||
BUILDING AND IMPROVEMENTS | 1,117,289 | ||||
TOTAL | 8,352,485 | ||||
ACCUMULATED DEPRECIATION | 612,018 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,740,467 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | North Massapequa S.C. [Member] | |||||
INITIAL COST LAND | 1,880,816 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,388,549 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (1,914,768) | ||||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 4,354,597 | ||||
TOTAL | 4,354,597 | ||||
ACCUMULATED DEPRECIATION | 4,307,791 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 46,806 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Rancho Penasquitos Towne Ctr I [Member] | |||||
INITIAL COST LAND | 14,851,595 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 20,342,165 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 749,219 | ||||
LAND | 14,851,595 | ||||
BUILDING AND IMPROVEMENTS | 21,091,384 | ||||
TOTAL | 35,942,979 | ||||
ACCUMULATED DEPRECIATION | 4,071,392 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 31,871,587 | ||||
ENCUMBRANCES | 12,300,999 | ||||
Shopping Center [Member] | Miller West Plaza [Member] | |||||
INITIAL COST LAND | 6,725,660 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 10,661,419 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 306,630 | ||||
LAND | 6,725,660 | ||||
BUILDING AND IMPROVEMENTS | 10,968,049 | ||||
TOTAL | 17,693,709 | ||||
ACCUMULATED DEPRECIATION | 2,134,901 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 15,558,808 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Paradise Plaza [Member] | |||||
INITIAL COST LAND | 4,183,038 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 12,194,885 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 1,709,987 | ||||
LAND | 4,183,038 | ||||
BUILDING AND IMPROVEMENTS | 13,904,872 | ||||
TOTAL | 18,087,910 | ||||
ACCUMULATED DEPRECIATION | 3,349,943 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 14,737,967 | ||||
ENCUMBRANCES | 7,482,010 | ||||
Shopping Center [Member] | Centre Court - Retail/Bank [Member] | |||||
INITIAL COST LAND | 1,035,359 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 7,785,830 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 284,760 | ||||
LAND | 1,035,359 | ||||
BUILDING AND IMPROVEMENTS | 8,070,590 | ||||
TOTAL | 9,105,949 | ||||
ACCUMULATED DEPRECIATION | 1,777,184 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,328,765 | ||||
ENCUMBRANCES | 1,015,043 | ||||
Shopping Center [Member] | Central Plaza [Member] | |||||
INITIAL COST LAND | 3,170,465 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 10,602,845 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 525,936 | ||||
LAND | 5,145,167 | ||||
BUILDING AND IMPROVEMENTS | 9,154,079 | ||||
TOTAL | 14,299,246 | ||||
ACCUMULATED DEPRECIATION | 3,001,578 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 11,297,668 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Mineola Crossings [Member] | |||||
INITIAL COST LAND | 4,150,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 7,520,692 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 213,964 | ||||
LAND | 4,150,000 | ||||
BUILDING AND IMPROVEMENTS | 7,734,656 | ||||
TOTAL | 11,884,656 | ||||
ACCUMULATED DEPRECIATION | 2,686,165 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 9,198,491 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Rancho Penasquitos-Vons Prop. [Member] | |||||
INITIAL COST LAND | 2,917,963 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 9,145,905 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 0 | ||||
LAND | 2,917,963 | ||||
BUILDING AND IMPROVEMENTS | 9,145,905 | ||||
TOTAL | 12,063,868 | ||||
ACCUMULATED DEPRECIATION | 496,491 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 11,567,377 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Corsica Square S.C. [Member] | |||||
INITIAL COST LAND | 7,225,100 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 10,757,386 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 230,745 | ||||
LAND | 7,225,100 | ||||
BUILDING AND IMPROVEMENTS | 10,988,131 | ||||
TOTAL | 18,213,231 | ||||
ACCUMULATED DEPRECIATION | 2,240,758 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 15,972,473 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Belmont Plaza [Member] | |||||
INITIAL COST LAND | 11,104,983 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 848,844 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 0 | ||||
LAND | 11,104,983 | ||||
BUILDING AND IMPROVEMENTS | 848,844 | ||||
TOTAL | 11,953,827 | ||||
ACCUMULATED DEPRECIATION | 280,609 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 11,673,218 | ||||
ENCUMBRANCES | 4,420,480 | ||||
Shopping Center [Member] | Centre Court - Giant [Member] | |||||
INITIAL COST LAND | 3,854,099 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 12,769,628 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 95,541 | ||||
LAND | 3,854,099 | ||||
BUILDING AND IMPROVEMENTS | 12,865,169 | ||||
TOTAL | 16,719,268 | ||||
ACCUMULATED DEPRECIATION | 3,468,165 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 13,251,103 | ||||
ENCUMBRANCES | 4,523,800 | ||||
Shopping Center [Member] | East Windsor Village [Member] | |||||
INITIAL COST LAND | 9,335,011 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 23,777,978 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 589,083 | ||||
LAND | 9,335,011 | ||||
BUILDING AND IMPROVEMENTS | 24,367,061 | ||||
TOTAL | 33,702,072 | ||||
ACCUMULATED DEPRECIATION | 8,138,835 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 25,563,237 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Smithtown Plaza [Member] | |||||
INITIAL COST LAND | 3,528,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 7,364,098 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 511,572 | ||||
LAND | 3,436,722 | ||||
BUILDING AND IMPROVEMENTS | 7,966,948 | ||||
TOTAL | 11,403,670 | ||||
ACCUMULATED DEPRECIATION | 3,500,080 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,903,590 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Rancho Penasquitos Towne Ctr II [Member] | |||||
INITIAL COST LAND | 12,944,972 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 20,323,961 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 879,910 | ||||
LAND | 12,944,972 | ||||
BUILDING AND IMPROVEMENTS | 21,203,871 | ||||
TOTAL | 34,148,843 | ||||
ACCUMULATED DEPRECIATION | 4,061,510 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 30,087,333 | ||||
ENCUMBRANCES | 9,439,412 | ||||
Shopping Center [Member] | Flagler Park [Member] | |||||
INITIAL COST LAND | 26,162,980 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 80,737,041 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 5,928,731 | ||||
LAND | 26,725,480 | ||||
BUILDING AND IMPROVEMENTS | 86,103,272 | ||||
TOTAL | 112,828,752 | ||||
ACCUMULATED DEPRECIATION | 28,361,884 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 84,466,868 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Vinnin Square In-line [Member] | |||||
INITIAL COST LAND | 582,228 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,094,560 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (77,429) | ||||
LAND | 582,228 | ||||
BUILDING AND IMPROVEMENTS | 2,017,131 | ||||
TOTAL | 2,599,359 | ||||
ACCUMULATED DEPRECIATION | 331,833 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,267,526 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Centre Court - Old Court/Courtyard [Member] | |||||
INITIAL COST LAND | 2,279,177 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 5,284,577 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 25,704 | ||||
LAND | 2,279,177 | ||||
BUILDING AND IMPROVEMENTS | 5,310,281 | ||||
TOTAL | 7,589,458 | ||||
ACCUMULATED DEPRECIATION | 1,325,769 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 6,263,689 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Holmdel Towne Center [Member] | |||||
INITIAL COST LAND | 10,824,624 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 43,301,494 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 11,331,077 | ||||
LAND | 10,824,624 | ||||
BUILDING AND IMPROVEMENTS | 54,632,571 | ||||
TOTAL | 65,457,195 | ||||
ACCUMULATED DEPRECIATION | 25,600,909 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 39,856,286 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Manetto Hill Plaza [Member] | |||||
INITIAL COST LAND | 263,693 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 584,031 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 11,511,460 | ||||
LAND | 263,693 | ||||
BUILDING AND IMPROVEMENTS | 12,095,491 | ||||
TOTAL | 12,359,184 | ||||
ACCUMULATED DEPRECIATION | 7,350,118 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,009,066 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | City Heights [Member] | |||||
INITIAL COST LAND | 10,687,472 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 28,324,896 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (660,448) | ||||
LAND | 13,908,563 | ||||
BUILDING AND IMPROVEMENTS | 24,443,357 | ||||
TOTAL | 38,351,920 | ||||
ACCUMULATED DEPRECIATION | 5,194,029 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 33,157,891 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Parkhill Plaza [Member] | |||||
INITIAL COST LAND | 10,763,612 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 19,264,248 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 582,539 | ||||
LAND | 10,763,612 | ||||
BUILDING AND IMPROVEMENTS | 19,846,787 | ||||
TOTAL | 30,610,399 | ||||
ACCUMULATED DEPRECIATION | 5,515,131 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 25,095,268 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Linden Plaza [Member] | |||||
INITIAL COST LAND | 4,628,215 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,535,431 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 587,609 | ||||
LAND | 4,628,215 | ||||
BUILDING AND IMPROVEMENTS | 4,123,040 | ||||
TOTAL | 8,751,255 | ||||
ACCUMULATED DEPRECIATION | 1,367,574 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,383,681 | ||||
ENCUMBRANCES | 3,073,854 | ||||
Shopping Center [Member] | Radcliffe Center [Member] | |||||
INITIAL COST LAND | 12,042,713 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 21,187,946 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 116,844 | ||||
LAND | 12,042,713 | ||||
BUILDING AND IMPROVEMENTS | 21,304,790 | ||||
TOTAL | 33,347,503 | ||||
ACCUMULATED DEPRECIATION | 4,689,967 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 28,657,536 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Commons at Holmdel [Member] | |||||
INITIAL COST LAND | 16,537,556 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 38,759,952 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 4,784,343 | ||||
LAND | 16,537,556 | ||||
BUILDING AND IMPROVEMENTS | 43,544,295 | ||||
TOTAL | 60,081,851 | ||||
ACCUMULATED DEPRECIATION | 19,179,428 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 40,902,423 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Syosset S.C. [Member] | |||||
INITIAL COST LAND | 106,655 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 76,197 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 2,182,636 | ||||
LAND | 106,655 | ||||
BUILDING AND IMPROVEMENTS | 2,258,833 | ||||
TOTAL | 2,365,488 | ||||
ACCUMULATED DEPRECIATION | 1,280,288 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,085,200 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Truckee Crossroads [Member] | |||||
INITIAL COST LAND | 2,140,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 28,324,896 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (18,568,797) | ||||
LAND | 2,140,000 | ||||
BUILDING AND IMPROVEMENTS | 9,756,099 | ||||
TOTAL | 11,896,099 | ||||
ACCUMULATED DEPRECIATION | 6,079,361 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,816,738 | ||||
ENCUMBRANCES | 1,174,985 | ||||
Shopping Center [Member] | Winn Dixie-Miami [Member] | |||||
INITIAL COST LAND | 2,989,640 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 9,410,360 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (39,311) | ||||
LAND | 3,544,297 | ||||
BUILDING AND IMPROVEMENTS | 8,816,392 | ||||
TOTAL | 12,360,689 | ||||
ACCUMULATED DEPRECIATION | 1,555,631 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 10,805,058 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | North Ave. Plaza [Member] | |||||
INITIAL COST LAND | 1,163,875 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,194,673 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 23,933 | ||||
LAND | 1,163,875 | ||||
BUILDING AND IMPROVEMENTS | 1,218,606 | ||||
TOTAL | 2,382,481 | ||||
ACCUMULATED DEPRECIATION | 374,350 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,008,131 | ||||
ENCUMBRANCES | 782,152 | ||||
Shopping Center [Member] | Timonium Crossing [Member] | |||||
INITIAL COST LAND | 2,525,377 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 14,862,817 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 473,059 | ||||
LAND | 2,525,377 | ||||
BUILDING AND IMPROVEMENTS | 15,335,876 | ||||
TOTAL | 17,861,253 | ||||
ACCUMULATED DEPRECIATION | 2,997,785 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 14,863,468 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Plaza at Hillsdale [Member] | |||||
INITIAL COST LAND | 7,601,596 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,994,196 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 1,654,977 | ||||
LAND | 7,601,596 | ||||
BUILDING AND IMPROVEMENTS | 8,649,173 | ||||
TOTAL | 16,250,769 | ||||
ACCUMULATED DEPRECIATION | 2,060,745 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 14,190,024 | ||||
ENCUMBRANCES | 5,247,361 | ||||
Shopping Center [Member] | Richmond S.C. [Member] | |||||
INITIAL COST LAND | 2,280,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 9,027,951 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 21,728,940 | ||||
LAND | 2,280,000 | ||||
BUILDING AND IMPROVEMENTS | 30,756,891 | ||||
TOTAL | 33,036,891 | ||||
ACCUMULATED DEPRECIATION | 16,232,406 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 16,804,485 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Gateway at Donner Pass [Member] | |||||
INITIAL COST LAND | 4,515,688 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 8,318,667 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 14,159,803 | ||||
LAND | 8,759,279 | ||||
BUILDING AND IMPROVEMENTS | 18,234,879 | ||||
TOTAL | 26,994,158 | ||||
ACCUMULATED DEPRECIATION | 2,455,571 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 24,538,587 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Marathon Shopping Center [Member] | |||||
INITIAL COST LAND | 2,412,929 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 8,069,450 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 1,718,812 | ||||
LAND | 1,514,731 | ||||
BUILDING AND IMPROVEMENTS | 10,686,460 | ||||
TOTAL | 12,201,191 | ||||
ACCUMULATED DEPRECIATION | 2,354,222 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 9,846,969 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Washington St. S.C. [Member] | |||||
INITIAL COST LAND | 7,380,918 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 9,987,119 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 2,095,754 | ||||
LAND | 7,380,918 | ||||
BUILDING AND IMPROVEMENTS | 12,082,873 | ||||
TOTAL | 19,463,791 | ||||
ACCUMULATED DEPRECIATION | 2,364,023 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 17,099,768 | ||||
ENCUMBRANCES | 5,305,390 | ||||
Shopping Center [Member] | Timonium Square [Member] | |||||
INITIAL COST LAND | 6,000,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 24,282,998 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 14,325,728 | ||||
LAND | 7,331,195 | ||||
BUILDING AND IMPROVEMENTS | 37,277,531 | ||||
TOTAL | 44,608,726 | ||||
ACCUMULATED DEPRECIATION | 18,502,141 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 26,106,585 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Maple Shade [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 9,957,611 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 2,301,448 | ||||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 12,259,059 | ||||
TOTAL | 12,259,059 | ||||
ACCUMULATED DEPRECIATION | 3,520,275 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 8,738,784 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Greenridge Plaza [Member] | |||||
INITIAL COST LAND | 2,940,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 11,811,964 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 7,524,470 | ||||
LAND | 3,148,424 | ||||
BUILDING AND IMPROVEMENTS | 19,128,010 | ||||
TOTAL | 22,276,434 | ||||
ACCUMULATED DEPRECIATION | 9,834,444 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 12,441,990 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Westlake Shopping Center [Member] | |||||
INITIAL COST LAND | 16,174,307 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 64,818,562 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 108,227,850 | ||||
LAND | 16,174,307 | ||||
BUILDING AND IMPROVEMENTS | 173,046,412 | ||||
TOTAL | 189,220,719 | ||||
ACCUMULATED DEPRECIATION | 64,977,407 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 124,243,312 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Sodo S.C. [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 68,139,271 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 5,164,765 | ||||
LAND | 142,195 | ||||
BUILDING AND IMPROVEMENTS | 73,161,841 | ||||
TOTAL | 73,304,036 | ||||
ACCUMULATED DEPRECIATION | 22,173,175 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 51,130,861 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Mill St. Plaza [Member] | |||||
INITIAL COST LAND | 4,195,024 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,203,410 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 770,252 | ||||
LAND | 4,195,024 | ||||
BUILDING AND IMPROVEMENTS | 6,973,662 | ||||
TOTAL | 11,168,686 | ||||
ACCUMULATED DEPRECIATION | 1,589,436 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 9,579,250 | ||||
ENCUMBRANCES | 3,469,130 | ||||
Shopping Center [Member] | Towson Place [Member] | |||||
INITIAL COST LAND | 43,886,876 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 101,764,931 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 3,884,323 | ||||
LAND | 43,270,792 | ||||
BUILDING AND IMPROVEMENTS | 106,265,338 | ||||
TOTAL | 149,536,130 | ||||
ACCUMULATED DEPRECIATION | 26,241,065 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 123,295,065 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Plaza at Short Hills [Member] | |||||
INITIAL COST LAND | 20,155,471 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 11,061,984 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 682,452 | ||||
LAND | 20,155,471 | ||||
BUILDING AND IMPROVEMENTS | 11,744,436 | ||||
TOTAL | 31,899,907 | ||||
ACCUMULATED DEPRECIATION | 3,088,919 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 28,810,988 | ||||
ENCUMBRANCES | 8,204,541 | ||||
Shopping Center [Member] | The Boulevard [Member] | |||||
INITIAL COST LAND | 28,723,536 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 38,232,267 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 216,796,203 | ||||
LAND | 28,723,536 | ||||
BUILDING AND IMPROVEMENTS | 255,028,470 | ||||
TOTAL | 283,752,006 | ||||
ACCUMULATED DEPRECIATION | 14,816,320 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 268,935,686 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Lakewood Village [Member] | |||||
INITIAL COST LAND | 8,597,100 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 24,374,615 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (737,945) | ||||
LAND | 11,683,364 | ||||
BUILDING AND IMPROVEMENTS | 20,550,406 | ||||
TOTAL | 32,233,770 | ||||
ACCUMULATED DEPRECIATION | 5,342,946 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 26,890,824 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Renaissance Center [Member] | |||||
INITIAL COST LAND | 9,104,379 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 36,540,873 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 14,592,305 | ||||
LAND | 9,122,758 | ||||
BUILDING AND IMPROVEMENTS | 51,114,799 | ||||
TOTAL | 60,237,557 | ||||
ACCUMULATED DEPRECIATION | 22,646,257 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 37,591,300 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | North Brunswick Plaza [Member] | |||||
INITIAL COST LAND | 3,204,978 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 12,819,912 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 27,492,467 | ||||
LAND | 3,204,978 | ||||
BUILDING AND IMPROVEMENTS | 40,312,379 | ||||
TOTAL | 43,517,357 | ||||
ACCUMULATED DEPRECIATION | 22,739,677 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 20,777,680 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Forest Avenue Plaza [Member] | |||||
INITIAL COST LAND | 4,558,592 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 10,441,408 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 903,215 | ||||
LAND | 4,558,592 | ||||
BUILDING AND IMPROVEMENTS | 11,344,623 | ||||
TOTAL | 15,903,215 | ||||
ACCUMULATED DEPRECIATION | 4,441,308 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 11,461,907 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Whittwood Town Center [Member] | |||||
INITIAL COST LAND | 57,135,695 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 105,814,560 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 2,701,687 | ||||
LAND | 57,138,906 | ||||
BUILDING AND IMPROVEMENTS | 108,513,036 | ||||
TOTAL | 165,651,942 | ||||
ACCUMULATED DEPRECIATION | 17,050,427 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 148,601,515 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | MIllenia Plaza Phase II [Member] | |||||
INITIAL COST LAND | 7,711,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 20,702,992 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 4,039,168 | ||||
LAND | 7,698,200 | ||||
BUILDING AND IMPROVEMENTS | 24,754,960 | ||||
TOTAL | 32,453,160 | ||||
ACCUMULATED DEPRECIATION | 9,874,781 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 22,578,379 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Piscataway Town Center [Member] | |||||
INITIAL COST LAND | 3,851,839 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 15,410,851 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 1,584,216 | ||||
LAND | 3,851,839 | ||||
BUILDING AND IMPROVEMENTS | 16,995,067 | ||||
TOTAL | 20,846,906 | ||||
ACCUMULATED DEPRECIATION | 9,721,766 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 11,125,140 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Independence Plaza [Member] | |||||
INITIAL COST LAND | 12,279,093 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 34,813,852 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (259,700) | ||||
LAND | 16,131,632 | ||||
BUILDING AND IMPROVEMENTS | 30,701,613 | ||||
TOTAL | 46,833,245 | ||||
ACCUMULATED DEPRECIATION | 8,214,132 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 38,619,113 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Riverside Landings S.C. [Member] | |||||
INITIAL COST LAND | 3,512,202 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 14,439,668 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 213,561 | ||||
LAND | 3,512,202 | ||||
BUILDING AND IMPROVEMENTS | 14,653,229 | ||||
TOTAL | 18,165,431 | ||||
ACCUMULATED DEPRECIATION | 2,763,566 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 15,401,865 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Ridgewood S.C. [Member] | |||||
INITIAL COST LAND | 450,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,106,566 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 1,303,621 | ||||
LAND | 450,000 | ||||
BUILDING AND IMPROVEMENTS | 3,410,187 | ||||
TOTAL | 3,860,187 | ||||
ACCUMULATED DEPRECIATION | 2,030,829 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,829,358 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Key Food - Central Ave. [Member] | |||||
INITIAL COST LAND | 2,787,600 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,899,310 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (394,910) | ||||
LAND | 2,603,321 | ||||
BUILDING AND IMPROVEMENTS | 6,688,679 | ||||
TOTAL | 9,292,000 | ||||
ACCUMULATED DEPRECIATION | 1,498,681 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,793,319 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Grand Oaks Village [Member] | |||||
INITIAL COST LAND | 7,409,319 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 19,653,869 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (297,561) | ||||
LAND | 5,846,339 | ||||
BUILDING AND IMPROVEMENTS | 20,919,288 | ||||
TOTAL | 26,765,627 | ||||
ACCUMULATED DEPRECIATION | 5,083,559 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 21,682,068 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Union Crescent III [Member] | |||||
INITIAL COST LAND | 7,895,483 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,010,640 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 28,965,399 | ||||
LAND | 8,696,579 | ||||
BUILDING AND IMPROVEMENTS | 31,174,943 | ||||
TOTAL | 39,871,522 | ||||
ACCUMULATED DEPRECIATION | 19,213,708 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 20,657,814 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | White Plains S.C. [Member] | |||||
INITIAL COST LAND | 1,777,775 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,453,894 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 2,520,991 | ||||
LAND | 1,777,775 | ||||
BUILDING AND IMPROVEMENTS | 6,974,885 | ||||
TOTAL | 8,752,660 | ||||
ACCUMULATED DEPRECIATION | 2,724,711 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 6,027,949 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Plantation Crossing [Member] | |||||
INITIAL COST LAND | 2,782,030 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 8,077,260 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 2,640,749 | ||||
LAND | 2,782,030 | ||||
BUILDING AND IMPROVEMENTS | 10,718,009 | ||||
TOTAL | 13,500,039 | ||||
ACCUMULATED DEPRECIATION | 1,373,969 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 12,126,070 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Westmont Plaza [Member] | |||||
INITIAL COST LAND | 601,655 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,404,604 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 13,565,153 | ||||
LAND | 601,655 | ||||
BUILDING AND IMPROVEMENTS | 15,969,757 | ||||
TOTAL | 16,571,412 | ||||
ACCUMULATED DEPRECIATION | 8,135,948 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 8,435,464 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Champion Food Supermarket [Member[ | |||||
INITIAL COST LAND | 757,500 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,874,813 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (24,388) | ||||
LAND | 2,241,118 | ||||
BUILDING AND IMPROVEMENTS | 366,807 | ||||
TOTAL | 2,607,925 | ||||
ACCUMULATED DEPRECIATION | 215,617 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,392,308 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Pompano Pointe S.C. [Member] | |||||
INITIAL COST LAND | 10,516,500 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 14,355,836 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 621,788 | ||||
LAND | 10,516,500 | ||||
BUILDING AND IMPROVEMENTS | 14,977,624 | ||||
TOTAL | 25,494,124 | ||||
ACCUMULATED DEPRECIATION | 1,977,772 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 23,516,352 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Willowbrook Plaza [Member] | |||||
INITIAL COST LAND | 15,320,436 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 40,996,874 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 10,703,829 | ||||
LAND | 15,320,436 | ||||
BUILDING AND IMPROVEMENTS | 51,700,703 | ||||
TOTAL | 67,021,139 | ||||
ACCUMULATED DEPRECIATION | 9,659,601 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 57,361,538 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Shoprite S.C. [Member] | |||||
INITIAL COST LAND | 871,977 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,487,909 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 0 | ||||
LAND | 871,977 | ||||
BUILDING AND IMPROVEMENTS | 3,487,909 | ||||
TOTAL | 4,359,886 | ||||
ACCUMULATED DEPRECIATION | 2,510,089 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,849,797 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | University Town Center [Member] | |||||
INITIAL COST LAND | 5,515,265 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 13,041,400 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 586,635 | ||||
LAND | 5,515,265 | ||||
BUILDING AND IMPROVEMENTS | 13,628,035 | ||||
TOTAL | 19,143,300 | ||||
ACCUMULATED DEPRECIATION | 4,111,906 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 15,031,394 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Del Monte Plaza [Member] | |||||
INITIAL COST LAND | 2,489,429 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 5,590,415 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 223,460 | ||||
LAND | 2,210,000 | ||||
BUILDING AND IMPROVEMENTS | 6,093,304 | ||||
TOTAL | 8,303,304 | ||||
ACCUMULATED DEPRECIATION | 3,385,368 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 4,917,936 | ||||
ENCUMBRANCES | 1,304,805 | ||||
Shopping Center [Member] | Romaine Plaza [Member] | |||||
INITIAL COST LAND | 782,459 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,825,737 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 588,133 | ||||
LAND | 782,459 | ||||
BUILDING AND IMPROVEMENTS | 2,413,870 | ||||
TOTAL | 3,196,329 | ||||
ACCUMULATED DEPRECIATION | 954,512 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,241,817 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Oak Tree Plaza [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 917,360 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 2,363,288 | ||||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 3,280,648 | ||||
TOTAL | 3,280,648 | ||||
ACCUMULATED DEPRECIATION | 2,595,366 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 685,282 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Del Monte Plaza Anchor Parcel [Member] | |||||
INITIAL COST LAND | 6,512,745 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 17,599,602 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 140,485 | ||||
LAND | 6,520,017 | ||||
BUILDING AND IMPROVEMENTS | 17,732,815 | ||||
TOTAL | 24,252,832 | ||||
ACCUMULATED DEPRECIATION | 2,167,329 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 22,085,503 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Tuttlebee Plaza [Member] | |||||
INITIAL COST LAND | 254,961 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 828,465 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 2,411,902 | ||||
LAND | 254,961 | ||||
BUILDING AND IMPROVEMENTS | 3,240,367 | ||||
TOTAL | 3,495,328 | ||||
ACCUMULATED DEPRECIATION | 2,144,975 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,350,353 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Redfield Promenade [Member] | |||||
INITIAL COST LAND | 4,415,339 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 32,035,192 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 599,966 | ||||
LAND | 4,415,339 | ||||
BUILDING AND IMPROVEMENTS | 32,635,158 | ||||
TOTAL | 37,050,497 | ||||
ACCUMULATED DEPRECIATION | 8,995,513 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 28,054,984 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | South Miami S.C. [Member] | |||||
INITIAL COST LAND | 1,280,440 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 5,133,825 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 4,104,074 | ||||
LAND | 1,280,440 | ||||
BUILDING AND IMPROVEMENTS | 9,237,899 | ||||
TOTAL | 10,518,339 | ||||
ACCUMULATED DEPRECIATION | 5,287,907 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,230,432 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | McQueen Crossings [Member] | |||||
INITIAL COST LAND | 5,017,431 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 20,779,024 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 992,583 | ||||
LAND | 5,017,431 | ||||
BUILDING AND IMPROVEMENTS | 21,771,607 | ||||
TOTAL | 26,789,038 | ||||
ACCUMULATED DEPRECIATION | 5,860,311 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 20,928,727 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Carrollwood Commons [Member] | |||||
INITIAL COST LAND | 5,220,445 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 16,884,228 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 3,667,030 | ||||
LAND | 5,220,445 | ||||
BUILDING AND IMPROVEMENTS | 20,551,258 | ||||
TOTAL | 25,771,703 | ||||
ACCUMULATED DEPRECIATION | 11,262,828 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 14,508,875 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Galena Junction [Member] | |||||
INITIAL COST LAND | 8,931,027 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 17,503,387 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 1,033,505 | ||||
LAND | 8,931,027 | ||||
BUILDING AND IMPROVEMENTS | 18,536,892 | ||||
TOTAL | 27,467,919 | ||||
ACCUMULATED DEPRECIATION | 4,134,549 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 23,333,370 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Village Commons Shopping Center [Member] | |||||
INITIAL COST LAND | 2,192,331 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 8,774,158 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 5,296,264 | ||||
LAND | 2,192,331 | ||||
BUILDING AND IMPROVEMENTS | 14,070,422 | ||||
TOTAL | 16,262,753 | ||||
ACCUMULATED DEPRECIATION | 7,186,002 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 9,076,751 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | D'Andrea Marketplace [Member] | |||||
INITIAL COST LAND | 11,556,067 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 29,435,364 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 572,971 | ||||
LAND | 11,556,067 | ||||
BUILDING AND IMPROVEMENTS | 30,008,335 | ||||
TOTAL | 41,564,402 | ||||
ACCUMULATED DEPRECIATION | 10,536,928 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 31,027,474 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Mission Bell Shopping Center [Member] | |||||
INITIAL COST LAND | 5,056,426 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 11,843,119 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 8,691,083 | ||||
LAND | 5,067,033 | ||||
BUILDING AND IMPROVEMENTS | 20,523,595 | ||||
TOTAL | 25,590,628 | ||||
ACCUMULATED DEPRECIATION | 8,085,673 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 17,504,955 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Sparks Mercantile [Member] | |||||
INITIAL COST LAND | 6,221,614 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 17,069,172 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 165,610 | ||||
LAND | 6,221,614 | ||||
BUILDING AND IMPROVEMENTS | 17,234,782 | ||||
TOTAL | 23,456,396 | ||||
ACCUMULATED DEPRECIATION | 4,070,976 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 19,385,420 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Village Commons S.C. [Member] | |||||
INITIAL COST LAND | 2,026,423 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 5,106,476 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 2,055,527 | ||||
LAND | 2,026,423 | ||||
BUILDING AND IMPROVEMENTS | 7,162,003 | ||||
TOTAL | 9,188,426 | ||||
ACCUMULATED DEPRECIATION | 1,937,635 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,250,791 | ||||
ENCUMBRANCES | 0 | ||||
Shopping Center [Member] | Belmart Plaza [Member] | |||||
INITIAL COST LAND | 1,656,097 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,394,420 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 5,706,042 | ||||
LAND | 1,656,097 | ||||
BUILDING AND IMPROVEMENTS | 9,100,462 | ||||
TOTAL | 10,756,559 | ||||
ACCUMULATED DEPRECIATION | 1,459,253 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 9,297,306 | ||||
ENCUMBRANCES | 0 | ||||
Other Property [Member] | Asante Retail Center [Member] | |||||
INITIAL COST LAND | 8,702,635 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,405,683 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (1,068,846) | ||||
LAND | 11,039,472 | ||||
BUILDING AND IMPROVEMENTS | 0 | ||||
TOTAL | 11,039,472 | ||||
ACCUMULATED DEPRECIATION | 0 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 11,039,472 | ||||
ENCUMBRANCES | 0 | ||||
Other Property [Member] | Surprise Spectrum [Member] | |||||
INITIAL COST LAND | 4,138,760 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 94,572 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (94,572) | ||||
LAND | 4,138,760 | ||||
BUILDING AND IMPROVEMENTS | 0 | ||||
TOTAL | 4,138,760 | ||||
ACCUMULATED DEPRECIATION | 0 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 4,138,760 | ||||
ENCUMBRANCES | 0 | ||||
Other Property [Member] | Lake Wales S.C. [Member] | |||||
INITIAL COST LAND | 601,052 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 0 | ||||
LAND | 601,052 | ||||
BUILDING AND IMPROVEMENTS | 0 | ||||
TOTAL | 601,052 | ||||
ACCUMULATED DEPRECIATION | 0 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 601,052 | ||||
ENCUMBRANCES | 0 | ||||
Other Property [Member] | Treasure Valley [Member] | |||||
INITIAL COST LAND | 6,501,240 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (5,520,565) | ||||
LAND | 519,811 | ||||
BUILDING AND IMPROVEMENTS | 460,864 | ||||
TOTAL | 980,675 | ||||
ACCUMULATED DEPRECIATION | 460,864 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 519,811 | ||||
ENCUMBRANCES | 0 | ||||
Other Property [Member] | Linwood - Indianapolis [Member]. | |||||
INITIAL COST LAND | 31,045 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 0 | ||||
LAND | 31,045 | ||||
BUILDING AND IMPROVEMENTS | 0 | ||||
TOTAL | 31,045 | ||||
ACCUMULATED DEPRECIATION | 0 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 31,045 | ||||
ENCUMBRANCES | 0 | ||||
Other Property [Member] | Flint - Vacant Land [Member] | |||||
INITIAL COST LAND | 101,424 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (10,000) | ||||
LAND | 91,424 | ||||
BUILDING AND IMPROVEMENTS | 0 | ||||
TOTAL | 91,424 | ||||
ACCUMULATED DEPRECIATION | 0 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 91,424 | ||||
ENCUMBRANCES | 0 | ||||
Other Property [Member] | Charlotte Sports & Fitness CTR [Member] | |||||
INITIAL COST LAND | 500,754 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,858,643 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 499,465 | ||||
LAND | 500,754 | ||||
BUILDING AND IMPROVEMENTS | 2,358,108 | ||||
TOTAL | 2,858,862 | ||||
ACCUMULATED DEPRECIATION | 1,973,093 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 885,769 | ||||
ENCUMBRANCES | 0 | ||||
Other Property [Member] | Wakefield Commons III [Member] | |||||
INITIAL COST LAND | 6,506,450 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (5,397,400) | ||||
LAND | 786,863 | ||||
BUILDING AND IMPROVEMENTS | 322,187 | ||||
TOTAL | 1,109,050 | ||||
ACCUMULATED DEPRECIATION | 250,982 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 858,068 | ||||
ENCUMBRANCES | 0 | ||||
Other Property [Member] | Wakefield Crossings [Member] | |||||
INITIAL COST LAND | 3,413,932 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (3,276,783) | ||||
LAND | 137,149 | ||||
BUILDING AND IMPROVEMENTS | 0 | ||||
TOTAL | 137,149 | ||||
ACCUMULATED DEPRECIATION | 0 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 137,149 | ||||
ENCUMBRANCES | 0 | ||||
Other Property [Member] | Hillsborough Promenade [Member] | |||||
INITIAL COST LAND | 11,886,809 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (6,632,045) | ||||
LAND | 5,006,054 | ||||
BUILDING AND IMPROVEMENTS | 248,710 | ||||
TOTAL | 5,254,764 | ||||
ACCUMULATED DEPRECIATION | 80,538 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,174,226 | ||||
ENCUMBRANCES | 0 | ||||
Other Property [Member] | Key Bank Building [Member] | |||||
INITIAL COST LAND | 1,500,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 40,486,755 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (7,862,326) | ||||
LAND | 668,637 | ||||
BUILDING AND IMPROVEMENTS | 33,455,792 | ||||
TOTAL | 34,124,429 | ||||
ACCUMULATED DEPRECIATION | 20,933,109 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 13,191,320 | ||||
ENCUMBRANCES | 0 | ||||
Other Property [Member] | Northport Land Parcel [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 14,460 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 81,983 | ||||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 96,443 | ||||
TOTAL | 96,443 | ||||
ACCUMULATED DEPRECIATION | 5,358 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 91,085 | ||||
ENCUMBRANCES | 0 | ||||
Other Property [Member] | Merry Lane (Parking Lot) [Member] | |||||
INITIAL COST LAND | 1,485,531 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,749 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 1,256,374 | ||||
LAND | 1,485,531 | ||||
BUILDING AND IMPROVEMENTS | 1,258,123 | ||||
TOTAL | 2,743,654 | ||||
ACCUMULATED DEPRECIATION | 0 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,743,654 | ||||
ENCUMBRANCES | 0 | ||||
Other Property [Member] | Jericho Atrium [Member] | |||||
INITIAL COST LAND | 10,624,099 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 20,065,496 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 3,657,027 | ||||
LAND | 10,624,099 | ||||
BUILDING AND IMPROVEMENTS | 23,722,523 | ||||
TOTAL | 34,346,622 | ||||
ACCUMULATED DEPRECIATION | 5,416,357 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 28,930,265 | ||||
ENCUMBRANCES | 0 | ||||
Other Property [Member] | Birchwood Park [Member] | |||||
INITIAL COST LAND | 3,507,162 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,126 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (2,434,201) | ||||
LAND | 1,077,087 | ||||
BUILDING AND IMPROVEMENTS | 0 | ||||
TOTAL | 1,077,087 | ||||
ACCUMULATED DEPRECIATION | 0 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,077,087 | ||||
ENCUMBRANCES | 0 | ||||
Other Property [Member] | High Park CTR Retail [Member] | |||||
INITIAL COST LAND | 3,783,875 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (3,298,325) | ||||
LAND | 485,550 | ||||
BUILDING AND IMPROVEMENTS | 0 | ||||
TOTAL | 485,550 | ||||
ACCUMULATED DEPRECIATION | 0 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 485,550 | ||||
ENCUMBRANCES | 0 | ||||
Other Property [Member] | McMinnville Plaza [Member] | |||||
INITIAL COST LAND | 4,062,327 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 211,379 | ||||
LAND | 4,062,327 | ||||
BUILDING AND IMPROVEMENTS | 211,379 | ||||
TOTAL | 4,273,706 | ||||
ACCUMULATED DEPRECIATION | 0 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 4,273,706 | ||||
ENCUMBRANCES | 0 | ||||
Other Property [Member] | 123 Coulter Avenue Parcel [Member] | |||||
INITIAL COST LAND | 577,630 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,348,019 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 15,812,264 | ||||
LAND | 16,795,296 | ||||
BUILDING AND IMPROVEMENTS | 942,617 | ||||
TOTAL | 17,737,913 | ||||
ACCUMULATED DEPRECIATION | 64,695 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 17,673,218 | ||||
ENCUMBRANCES | 0 | ||||
Other Property [Member] | Blue Ridge [Member] | |||||
INITIAL COST LAND | 12,346,900 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 71,529,796 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | (52,781,058) | ||||
LAND | 3,554,097 | ||||
BUILDING AND IMPROVEMENTS | 27,541,541 | ||||
TOTAL | 31,095,638 | ||||
ACCUMULATED DEPRECIATION | 19,549,577 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 11,546,061 | ||||
ENCUMBRANCES | 0 | ||||
Other Property [Member] | Balance of Portfolio [Member] | |||||
INITIAL COST LAND | [4] | 1,907,178 | |||
INITIAL COST BUILDING AND IMPROVEMENTS | [4] | 65,127,203 | |||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [4] | (24,810,900) | |||
LAND | [4] | 116 | |||
BUILDING AND IMPROVEMENTS | [4] | 42,223,365 | |||
TOTAL | [4] | 42,223,481 | |||
ACCUMULATED DEPRECIATION | [4] | 5,909,726 | |||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | [4] | 36,313,755 | |||
ENCUMBRANCES | [4] | $ 0 | |||
[1] | The negative balance for costs capitalized subsequent to acquisition could include parcels/out-parcels sold, assets held-for-sale, provision for losses and/or demolition of part of a property for redevelopment. | ||||
[2] | Includes fair market value of debt adjustments, net and deferred financing costs, net. | ||||
[3] | Shopping center includes active real estate under development project or land held for development. | ||||
[4] | Includes fixtures, leasehold improvements and other costs capitalized. |
Schedule III - Real Estate an_5
Schedule III - Real Estate and Accumulated Depreciation - Life Used for Depreciation (Details) | 12 Months Ended |
Dec. 31, 2020 | |
Buildings and Building Improvements Held for Investment [Member] | Minimum [Member] | |
Buildings and building improvements (in years) (Year) | 5 years |
Buildings and Building Improvements Held for Investment [Member] | Maximum [Member] | |
Buildings and building improvements (in years) (Year) | 50 years |
Fixtures, Building and Leasehold Improvements (Including Certain Identified Intangible Assets) [Member] | |
Fixtures, building and leasehold improvements (including certain identified intangible assets) | Terms of leases or useful lives, whichever is shorter |
Schedule III - Real Estate an_6
Schedule III - Real Estate and Accumulated Depreciation - Changes in Real Estate Assets (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Balance, beginning of period | $ 11,929,276,453 | $ 11,877,190,495 | $ 12,653,444,998 |
Acquisitions | 10,448,877 | 43,970,631 | 3,420,020 |
Improvements | 210,389,543 | 404,210,910 | 554,408,568 |
Sales and assets held-for-sale | (30,764,579) | (307,607,731) | (836,988,450) |
Transfers to operating lease right-of-use assets, net | 0 | (8,525,554) | 0 |
Transfers to unconsolidated joint ventures | 0 | 0 | (315,728,832) |
Adjustment for fully depreciated assets | (45,041,556) | (43,080,882) | (72,992,791) |
Adjustment of property carrying values | (5,481,589) | (36,881,416) | (108,373,018) |
Balance, end of period | $ 12,068,827,149 | $ 11,929,276,453 | $ 11,877,190,495 |
Schedule III - Real Estate an_7
Schedule III - Real Estate and Accumulated Depreciation - Changes in Accumulated Depreciation (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Balance, beginning of period | $ 2,500,052,642 | $ 2,385,287,743 | $ 2,433,052,747 |
Depreciation for year | 265,143,630 | 260,533,557 | 293,667,298 |
Sales and assets held-for-sale | (3,041,189) | (88,079,838) | (256,804,957) |
Transfers to operating lease right-of-use assets, net | 0 | (1,342,030) | 0 |
Transfers to unconsolidated joint ventures | 0 | 0 | (11,634,554) |
Adjustment for fully depreciated assets/other | (45,041,556) | (56,346,790) | (72,992,791) |
Balance, end of period | $ 2,717,113,527 | $ 2,500,052,642 | $ 2,385,287,743 |
Schedule IV - Mortgage Loans _3
Schedule IV - Mortgage Loans on Real Estate (Details Textual) $ in Millions | Dec. 31, 2020USD ($) |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Federal Income Tax Basis | $ 32.2 |
Schedule IV - Mortgage Loans _4
Schedule IV - Mortgage Loans on Real Estate - Mortgage Loans on Real Estate (Details) - USD ($) $ in Thousands | 12 Months Ended | ||||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | ||
Carrying amount | $ 32,246 | $ 7,829 | $ 14,448 | $ 21,838 | |
Mortgage Loans [Member] | |||||
Face amount | 34,954 | ||||
Carrying amount | [1] | 32,246 | |||
Allowance for Credit losses: | [1] | $ (930) | |||
Retail Site [Member] | Las Vegas, NV [Member] | Borrower A [Member] | Mortgage Loans [Member] | |||||
Interest rate | 12.00% | ||||
Face amount | $ 3,075 | ||||
Carrying amount | [1] | $ 3,075 | |||
Retail Site [Member] | Walker, MI [Member] | Borrower B [Member] | Mortgage Loans [Member] | |||||
Interest rate | 4.00% | ||||
Face amount | $ 3,750 | ||||
Carrying amount | [1] | $ 3,671 | |||
Retail Site [Member] | Pompano, FL [Member] | Borrower C [Member] | Mortgage Loans [Member] | |||||
Interest rate | 12.00% | ||||
Face amount | $ 25,000 | ||||
Carrying amount | [1] | $ 25,000 | |||
Retail Site [Member] | Mesa, AZ [Member] | Borrower D [Member] | Mortgage Loans [Member] | |||||
Interest rate | 12.00% | ||||
Face amount | $ 500 | ||||
Carrying amount | [1] | $ 500 | |||
Nonretail [Member] | Borrower A [Member] | Other Financing Loans [Member] | |||||
Interest rate | 2.28% | ||||
Face amount | $ 600 | ||||
Carrying amount | [1] | $ 305 | |||
Nonretail [Member] | Borrower B [Member] | Other Financing Loans [Member] | |||||
Interest rate | 5.00% | ||||
Face amount | $ 175 | ||||
Carrying amount | [1] | $ 125 | |||
Nonretail [Member] | Commack, NY [Member] | Borrower E [Member] | Mortgage Loans [Member] | |||||
Interest rate | 7.41% | ||||
Face amount | $ 1,354 | ||||
Carrying amount | [1] | $ 256 | |||
Nonretail [Member] | Melbourne, FL [Member] | Borrower F [Member] | Mortgage Loans [Member] | |||||
Interest rate | 6.88% | ||||
Face amount | $ 500 | ||||
Carrying amount | [1] | $ 244 | |||
[1] | The aggregate cost for Federal income tax purposes was approximately $32.2 million as of December 31, 2020. |