Document And Entity Information
Document And Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2021 | Feb. 10, 2022 | Jun. 30, 2021 | |
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 | 2021 | ||
Document Type | 10-K | ||
Document Annual Report | true | ||
Document Period End Date | Dec. 31, 2021 | ||
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 | $ 8,800,000,000 | ||
Entity Common Stock, Shares Outstanding | 616,719,061 | ||
Auditor Name | PricewaterhouseCoopers LLP | ||
Auditor Location | New York, New York | ||
Auditor Firm ID | 238 | ||
ICFR Auditor Attestation Flag | true | ||
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 5.250% Class M Cumulative Redeemable Preferred Stock, $1.00 par value per share. | ||
Trading Symbol | KIMprM | ||
Security Exchange Name | NYSE | ||
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 5.125% 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, 2021 | Dec. 31, 2020 | ||
Assets: | ||||
Land | $ 3,978,775 | $ 2,781,888 | ||
Building and improvements | 14,067,824 | 9,281,267 | ||
Real estate | 18,046,599 | 12,063,155 | ||
Less: accumulated depreciation and amortization | [1] | (3,010,699) | (2,717,114) | |
Total real estate, net | 15,035,900 | 9,346,041 | ||
Investments in and advances to real estate joint ventures | 1,000,000 | 590,700 | ||
Cash and cash equivalents | 334,663 | 293,188 | ||
Marketable securities | 1,211,739 | 706,954 | ||
Accounts and notes receivable, net | 254,677 | 219,248 | ||
Deferred charges and prepaid expenses | 144,461 | 135,967 | ||
Operating lease right-of-use assets, net | 147,458 | 102,369 | ||
Other assets | 195,715 | 97,225 | ||
Total assets | [2] | 18,459,199 | 11,614,498 | |
Liabilities: | ||||
Notes payable, net | 7,027,050 | 5,044,208 | ||
Mortgages payable, net | 448,652 | 311,272 | ||
Accounts payable and accrued expenses | 220,308 | 146,457 | ||
Dividends payable | 5,366 | 5,366 | ||
Operating lease liabilities | 123,779 | [3] | 96,619 | |
Other liabilities | 510,382 | 324,538 | ||
Total liabilities | [4] | 8,335,537 | 5,928,460 | |
Redeemable noncontrolling interests | 13,480 | 15,784 | ||
Commitments and contingencies (Footnote 21) | ||||
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 616,658,593, and 432,518,743 shares, respectively | 6,167 | 4,325 | ||
Paid-in capital | 9,591,871 | 5,766,511 | ||
Retained earnings | 299,115 | |||
Cumulative distributions in excess of net income | (162,812) | |||
Accumulated other comprehensive income | 2,216 | 0 | ||
Total stockholders' equity | 9,899,389 | 5,608,044 | ||
Noncontrolling interests | 210,793 | 62,210 | ||
Total equity | 10,110,182 | 5,670,254 | ||
Total liabilities and equity | 18,459,199 | 11,614,498 | ||
Real Estate Under Development [Member] | ||||
Assets: | ||||
Real estate under development | 5,672 | 5,672 | ||
Investments in and Advances to Real Estate Joint Ventures [Member] | ||||
Assets: | ||||
Investments in and advances to real estate joint ventures | 1,006,899 | 590,694 | ||
Other Real Estate Investments [Member] | ||||
Assets: | ||||
Other investments | $ 122,015 | $ 117,140 | ||
[1] | At December 31, 2021 and 2020, the Company had accumulated amortization relating to in-place leases and above-market leases aggregating $569,648 and $499,022, respectively. | |||
[2] | Includes restricted assets of consolidated variable interest entities (“VIEs”) at December 31, 2021 and December 31, 2020 of $227,858 and $102,482, respectively. See Footnote 11 of the Notes to Consolidated Financial Statements. | |||
[3] | Operating lease liabilities are included in Operating lease liabilities and financing lease liabilities are included in Other liabilities on the Company’s Consolidated Balance Sheets. | |||
[4] | Includes non-recourse liabilities of consolidated VIEs at December 31, 2021 and December 31, 2020 of $153,924 and $62,076, respectively. See Footnote 11 of the Notes to Consolidated Financial Statements. |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 | |
Total assets | [1] | $ 18,459,199 | $ 11,614,498 |
Total liabilities | [2] | $ 8,335,537 | $ 5,928,460 |
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) | 616,658,593 | 432,518,743 | |
Common stock, shares outstanding (in shares) | 616,658,593 | 432,518,743 | |
Variable Interest Entity, Primary Beneficiary [Member] | Nonrecourse [Member] | |||
Total liabilities | $ 153,924 | $ 62,076 | |
Variable Interest Entity, Primary Beneficiary [Member] | Asset Pledged as Collateral [Member] | |||
Total assets | $ 227,858 | $ 102,482 | |
[1] | Includes restricted assets of consolidated variable interest entities (“VIEs”) at December 31, 2021 and December 31, 2020 of $227,858 and $102,482, respectively. See Footnote 11 of the Notes to Consolidated Financial Statements. | ||
[2] | Includes non-recourse liabilities of consolidated VIEs at December 31, 2021 and December 31, 2020 of $153,924 and $62,076, respectively. See Footnote 11 of the Notes to Consolidated Financial Statements. |
Consolidated Statements of Inco
Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | ||
Revenues | ||||
Revenues from rental properties, net | $ 1,349,702 | $ 1,044,888 | $ 1,142,334 | |
Management and other fee income | 14,883 | 13,005 | 16,550 | |
Total revenues | 1,364,585 | 1,057,893 | 1,158,884 | |
Operating expenses | ||||
Rent | (13,773) | (11,270) | (11,311) | |
Real estate taxes | (181,256) | (157,661) | (153,659) | |
Operating and maintenance | (222,882) | (174,038) | (171,981) | |
General and administrative | (104,121) | (93,217) | (96,942) | |
Impairment charges | 3,597 | 6,624 | 48,743 | |
Merger charges | (50,191) | 0 | 0 | |
Depreciation and amortization | (395,320) | (288,955) | (277,879) | |
Total operating expenses | (971,140) | (731,765) | (760,515) | |
Gain on sale of properties | 30,841 | 6,484 | 79,218 | |
Operating income | 424,286 | 332,612 | 477,587 | |
Other income/(expense) | ||||
Other income, net | 19,810 | 4,119 | 10,985 | |
Gain on marketable securities, net | 505,163 | 594,753 | 829 | |
Gain on sale of cost method investment | 0 | 190,832 | 0 | |
Interest expense | (204,133) | (186,904) | (177,395) | |
Early extinguishment of debt charges | 0 | (7,538) | 0 | |
Income before income taxes, net, equity in income of joint ventures, net, and equity in income from other investments, net | 745,126 | 927,874 | 312,006 | |
(Provision)/benefit for income taxes, net | (3,380) | (978) | 3,317 | |
Net income | 849,696 | 1,002,877 | 413,561 | |
Net income attributable to noncontrolling interests | (5,637) | (2,044) | (2,956) | |
Net income attributable to the Company | 844,059 | 1,000,833 | 410,605 | |
Preferred stock redemption charges | 0 | 0 | (18,528) | |
Preferred dividends | (25,416) | (25,416) | (52,089) | |
Net income available to the Company's common shareholders | $ 818,643 | $ 975,417 | $ 339,988 | |
Per common share: | ||||
-Basic (in dollars per share) | $ 1.61 | $ 2.26 | $ 0.80 | |
-Diluted (in dollars per share) | $ 1.60 | $ 2.25 | $ 0.80 | |
Weighted average shares: | ||||
-Basic (in shares) | 506,248 | 429,950 | 420,370 | |
-Diluted (in shares) | [1] | 511,385 | 431,633 | 421,799 |
Joint Ventures [Member] | ||||
Other income/(expense) | ||||
Equity in income, net | $ 84,778 | $ 47,353 | $ 72,162 | |
Other Real Estate Investments [Member] | ||||
Other income/(expense) | ||||
Equity in income, net | $ 23,172 | $ 28,628 | $ 26,076 | |
[1] | The effect of the assumed conversion of certain convertible units had an anti-dilutive effect upon the calculation of Net income/(loss) available to the Company’s common shareholders per share. Accordingly, the impact of such conversions has not been included in the determination of diluted earnings per share calculations. Additionally, there were 0.5 million and 1.2 million stock options that were not dilutive as of September 30, 2021 and 2020, respectively, and 2.5 million shares of restricted stock that were not dilutive for the three months ended September 30, 2020. |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Net income | $ 849,696 | $ 1,002,877 | $ 413,561 |
Other comprehensive income: | |||
Change in unrealized gains related to defined benefit plan | 2,216 | 0 | 0 |
Other comprehensive income | 2,216 | 0 | 0 |
Comprehensive income | 851,912 | 1,002,877 | 413,561 |
Comprehensive income attributable to noncontrolling interests | (5,637) | (2,044) | (2,956) |
Comprehensive income attributable to the Company | $ 846,275 | $ 1,000,833 | $ 410,605 |
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, 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 income | 410,605 | 0 | $ 0 | $ 0 | 0 | 410,605 | 2,956 | 413,561 | |
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 | |||||||
Surrender of restricted common stock | 0 | 0 | $ 0 | $ (3) | (4,027) | (4,030) | 0 | (4,030) | |
Surrender of restricted common 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 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 | |||||||
Redeemable noncontrolling interests income | 0 | 0 | $ 0 | $ 0 | 0 | 0 | 358 | 358 | |
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 | |||||||
Net income | 1,000,833 | 0 | $ 0 | $ 0 | 0 | 1,000,833 | 2,044 | 1,002,877 | |
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 | |||||||
Surrender of restricted common stock | 0 | 0 | $ 0 | $ (3) | (5,392) | (5,395) | 0 | (5,395) | |
Surrender of restricted common 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 of noncontrolling interests | 0 | 0 | 0 | 0 | (19,348) | (19,348) | (1,271) | (20,619) | |
Contributions from noncontrolling interests | 0 | 0 | 0 | 0 | 0 | 0 | 149 | 149 | |
Adjustment of redeemable noncontrolling interests to estimated fair value | 0 | 0 | 0 | 0 | 2,160 | 2,160 | 0 | 2,160 | |
Redeemable noncontrolling interests income | 0 | 0 | 0 | 0 | 0 | 0 | 1,022 | 1,022 | |
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 | |||||||
Net income | 844,059 | 0 | $ 0 | $ 0 | 0 | 844,059 | 5,637 | 849,696 | |
Redeemable noncontrolling interests income | 0 | 0 | 0 | 0 | 0 | 0 | 751 | 751 | |
Dividends declared to common and preferred shares | (382,132) | 0 | 0 | 0 | 0 | (382,132) | 0 | (382,132) | |
Distributions to noncontrolling interests | 0 | 0 | 0 | 0 | 0 | 0 | (28,707) | (28,707) | |
Issuance of common stock | 0 | 0 | $ 0 | $ 50 | 76,879 | 76,929 | 0 | 76,929 | |
Issuance of common stock (in shares) | 0 | 4,958,000 | |||||||
Exercise of common stock options | 0 | 0 | $ 0 | $ 3 | 6,057 | 6,060 | 0 | $ 6,060 | |
Exercise of common stock options (in shares) | 0 | 316,000 | 315,750 | ||||||
Amortization of equity awards | 0 | 0 | $ 0 | $ 0 | 22,543 | 22,543 | 0 | $ 22,543 | |
Adjustment of redeemable noncontrolling interests to estimated fair value | 0 | 0 | 0 | 0 | 2,304 | 2,304 | 0 | 2,304 | |
Change in unrealized gains related to defined benefit plan | 0 | 2,216 | 0 | 0 | 0 | 2,216 | 0 | 2,216 | |
Redeemable noncontrolling interests income | 0 | 0 | 0 | 0 | 0 | 0 | (751) | (751) | |
Issuance of common stock for merger | [1] | 0 | 0 | $ 0 | $ 1,799 | 3,736,936 | 3,738,735 | 0 | 3,738,735 |
Issuance of common stock for merger (in shares) | [1] | 0 | 179,920,000 | ||||||
Surrender of common stock for taxes | 0 | 0 | $ 0 | $ (11) | (20,898) | (20,909) | 0 | (20,909) | |
Surrender of common stock for taxes (in shares) | 0 | (1,127,000) | |||||||
Noncontrolling interests assumed from the merger (1) | [1] | 0 | 0 | $ 0 | $ 0 | 0 | 0 | 177,039 | 177,039 |
Redemption/conversion of noncontrolling interests | 0 | 0 | $ 0 | $ 1 | 1,539 | 1,540 | (4,635) | (3,095) | |
Redemption/conversion of noncontrolling interests (in shares) | 0 | 73,000 | |||||||
Balance at Dec. 31, 2021 | $ 299,115 | $ 2,216 | $ 20 | $ 6,167 | $ 9,591,871 | $ 9,899,389 | $ 210,793 | $ 10,110,182 | |
Balance (in shares) at Dec. 31, 2021 | 20,000 | 616,659,000 | |||||||
[1] | See Footnotes 1 and 2 of the Notes to Consolidated Financial Statements for further details. |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Cash flow from operating activities: | |||
Net income | $ 849,696 | $ 1,002,877 | $ 413,561 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation and amortization | 395,320 | 288,955 | 277,879 |
Impairment charges | 3,597 | 6,624 | 48,743 |
Early extinguishment of debt charges | 0 | 7,538 | 0 |
Equity award expense | 23,150 | 23,685 | 20,200 |
Gain on sale of properties | (30,841) | (6,484) | (79,218) |
Gain on marketable securities, net | (505,163) | (594,753) | (829) |
Gain on sale of cost method investment | 0 | (190,832) | 0 |
Distributions from joint ventures and other investments | 91,507 | 149,022 | 93,877 |
Change in accounts and notes receivable, net | (18,079) | (559) | (34,160) |
Change in accounts payable and accrued expenses | (104,712) | 5,576 | (3,611) |
Change in other operating assets and liabilities, net | 22,350 | (25,755) | (54,576) |
Net cash flow provided by operating activities | 618,875 | 589,913 | 583,628 |
Cash flow from investing activities: | |||
Acquisition of operating real estate and other related net assets | (355,953) | (12,644) | (1,957) |
Improvements to operating real estate | (163,699) | (221,278) | (324,821) |
Improvements to real estate under development | 0 | (22,358) | (118,841) |
Acquisition of Weingarten Realty Investors, net of cash acquired of $56,451 | (263,973) | 0 | 0 |
Investment in marketable securities | 0 | 0 | (244) |
Proceeds from sale/repayments of marketable securities | 377 | 931 | 2,023 |
Proceeds from sale of cost method investment | 0 | 227,270 | 0 |
Investments in and advances to real estate joint ventures | (12,571) | (15,882) | (27,665) |
Reimbursements of investments in and advances to real estate joint ventures | 47,862 | 4,499 | 21,759 |
Investments in and advances to other investments | (67,090) | (15,418) | (15,316) |
Reimbursements of investments in and advances to other investments | 64,068 | 13,435 | 5,960 |
Investment in other financing receivable | (41,897) | (25,000) | (48) |
Collection of mortgage loans receivable | 13,776 | 177 | 10,449 |
Proceeds from sale of properties | 302,841 | 30,545 | 324,280 |
Proceeds from insurance casualty claims | 0 | 2,450 | 4,000 |
Net cash flow used for investing activities | (476,259) | (33,273) | (120,421) |
Cash flow from financing activities: | |||
Principal payments on debt, excluding normal amortization of rental property debt | (229,288) | (158,556) | (6,539) |
Principal payments on rental property debt | (10,622) | (10,693) | (12,212) |
Proceeds from mortgage and construction loan financings | 0 | 0 | 16,028 |
(Repayments)/proceeds from the unsecured revolving credit facility, net | 0 | (200,000) | 100,000 |
Financing origination costs | (8,197) | (18,040) | (7,707) |
Payment of early extinguishment of debt charges | 0 | (7,538) | (1,531) |
Contributions from noncontrolling interests | 0 | 149 | 0 |
Redemption/distribution of noncontrolling interests | (34,610) | (23,345) | (15,134) |
Dividends paid | (382,132) | (379,874) | (531,565) |
Proceeds from issuance of stock, net | 82,989 | 981 | 204,012 |
Redemption of preferred stock | 0 | 0 | (575,000) |
Shares repurchased for employee tax withholding on equity awards | (20,842) | (5,379) | (3,971) |
Change in tenants' security deposits | 1,561 | (199) | 778 |
Net cash flow used for financing activities | (101,141) | (387,399) | (482,841) |
Net change in cash, cash equivalents and restricted cash | 41,475 | 169,241 | (19,634) |
Cash, cash equivalents and restricted cash, beginning of year | 293,188 | 123,947 | 143,581 |
Cash, cash equivalents and restricted cash, end of year | 334,663 | 293,188 | 123,947 |
Interest paid during the year including payment of early extinguishment of debt charges of $0, $7,538 and $1,531, respectively (net of capitalized interest of $583, $13,683 and $15,690, respectively) | 197,947 | 183,558 | 169,026 |
Income taxes paid/(received) during the year (net of refunds received of $0, $47 and $3,452, respectively) | 1,961 | 747 | (1,106) |
Senior Unsecured Notes [Member] | |||
Cash flow from financing activities: | |||
Proceeds from issuance of unsecured debt | 500,000 | 900,000 | 350,000 |
Repayments of unsecured debt | 0 | (484,905) | 0 |
Term Loan [Member] | |||
Cash flow from financing activities: | |||
Proceeds from issuance of unsecured debt | 0 | 590,000 | 0 |
Repayments of unsecured debt | 0 | (590,000) | 0 |
Joint Ventures [Member] | |||
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Equity in income, net | (84,778) | (47,353) | (72,162) |
Other Real Estate Investments [Member] | |||
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Equity in income, net | $ (23,172) | $ (28,628) | $ (26,076) |
Consolidated Statements of Ca_2
Consolidated Statements of Cash Flows (Parentheticals) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Early extinguishment of debt charges payments | $ 0 | $ 7,538 | $ 1,531 |
Cash paid for capitalized interest | 583 | 13,683 | 15,690 |
Refunds received | $ 0 | $ 47 | $ 3,452 |
Note 1 - Summary of Significant
Note 1 - Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2021 | |
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 (“REIT”) 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 Company’s 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, Weingarten Merger On August 3, 2021, April 15, 2021. On July 15, 2021, August 2, 2021 July 28, 2021 no December 31, 2021, 2 Coronavirus Disease 2019 19” The COVID- 19 19 not 19 19 19. The development and distribution of COVID- 19 19 The COVID- 19 19 19 19 19 Although the Company continues to see an increase in collections of rental payments, the effects COVID- 19 Basis of Presentation The accompanying Consolidated Financial Statements include the accounts of the Company. The Company’s 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 (“VIE”) in accordance with the consolidation guidance of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”). 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, and the collectability of trade accounts receivable. 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 (see Footnote 14 Real Estate Real estate assets are stated at cost, less accumulated depreciation and amortization. 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 Company evaluates each acquisition transaction to determine whether the acquired asset meets the definition of a business and therefore accounted for as a business combination or if the acquisition transaction should be accounted for as an asset acquisition. Under Business Combinations (Topic 805 not not When substantially all of the fair value is not In both a business combination and an asset acquisition, the Company allocates the purchase price of acquired properties to tangible and identifiable intangible assets or liabilities based on their respective fair values. The fair value of any tangible real estate assets acquired is determined by valuing the building as if it were vacant, and the fair value is then allocated to land, buildings, and improvements based on available information including replacement cost, appraisal or using net operating income capitalization rates, discounted cash flow analysis or similar fair value models. Fair value estimates are also made using significant assumptions such as capitalization rates, discount rates, fair market lease rates, land values per square foot and other market data. Estimates of future cash flows are based on a number of factors including the historical operating results, known and anticipated trends, and market and economic conditions. Tangible assets may may 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 management’s estimate of the market lease rates and other lease provisions (e.g., expense recapture, base rental changes) 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. 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. 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 difference between the fair value and the face value of debt assumed, if any, in connection with an acquisition is recorded as a premium or discount and is amortized on a straight-line basis, which approximates the effective interest method, over the terms of the related debt agreements. The fair value of debt is estimated based upon contractual future cash flows discounted using borrowing spreads and market interest rates that would have been available for debt with similar terms and maturities. 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 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 Company’s 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, 2021, 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 Company’s 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. In a business combination, the fair value of the Company’s investment in an unconsolidated joint venture is calculated using the fair value of the real estate held by the joint venture, which are valued using similar methods as described in the Company’s Real Estate policy above, offset by the fair value of the debt on the property which is then multiplied by the Company’s equity ownership percentage. 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 Company’s investments in unconsolidated joint ventures may Other Investments Other 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 investment’s 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 Company’s Other investments may The Company’s 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. Cash, Cash Equivalents and Restricted Cash Cash and cash equivalents include demand deposits in banks, commercial paper and certificates of deposit with original maturities of three may, Restricted cash is deposits held or restricted for a specific use. The Company had restricted cash totaling $9.0 million and $0.2 million at December 31, 2021 2020, December 31, 2021. Marketable Securities The Company classifies its marketable equity securities as available-for-sale in accordance with the FASB’s Investments-Debt and Equity Securities guidance. In accordance with ASC Topic 825 Financial Instruments 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 Company’s 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 loan’s yield over the term of the related loan. On January 1, 2020, 2016 13 Financial Instruments Credit Losses (Topic 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 Other Assets Other assets include Series B tax increment revenue bonds issued by the Sheridan Redevelopment Agency in connection with the development of a project in Sheridan, Colorado which were acquired in connection with the Merger, which mature on December 15, 2039. The held to maturity bonds are evaluated for credit losses based on discounted estimated future cash flows. Any future receipts in excess of the amortized basis will be recognized as revenue when received. The credit risk associated with the amortized value of these bonds is deemed as low risk as the bonds are earmarked for repayments from a government entity which are funded through sales and property taxes. At December 31, 2021, no Deferred Leasing Costs Initial direct leasing costs include commissions paid to third Internal employee compensation, payroll-related benefits and certain external legal fees are considered indirect costs associated with the execution of lease agreements. These indirect leasing costs are expensed in accordance with ASU 2016 02, Leases (Topic 842 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, 2021 2020, December 31, 2021, 2020 2019, Deferred Financing Costs Costs incurred in obtaining long-term financing, included in Notes payable, net and Mortgages 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 606 606” December 31, 2021, no The Company’s primary source of revenues are derived from lease agreements which fall under the scope of ASU 2016 02, Leases (Topic 842 842” 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 lessee’s 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, 450 Contingencies not may Since the outbreak of the COVID- 19 19 six 18 Gains on sale of properties Gains and losses from the sale and/or transfer of nonfinancial assets, such as real estate property, are to be recognized when control of the asset transfers to the buyer, which will occur when the buyer has the ability to direct the use of or obtain substantially all of the remaining benefits from the asset. This generally occurs when the transaction closes and consideration is exchanged for control of the property. Leases The Company accounts for its leases in accordance with ASU 2016 02 . Lessor In April 2020, Topic 842 840: 19 842, 19 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 as a lessor has elected to apply the modification relief as described in (i) above to the lease concessions it has entered into during the years ended December 31, 2021 2020 19 Lessee The Company’s leases where it is the lessee primarily consist of ground leases and administrative office leases. The Company classifies leases based on whether the arrangement is effectively a purchase of the underlying asset. Leases that transfer control of the underlying asset to a lessee are classified as finance leases and all other leases as operating leases. ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. In connection with the Merger, the Company acquired two properties under finance leasing arrangements that consists of variable lease payments with a bargain purchase option which are included in Other assets, on the Company’s Consolidated Balance Sheets. ROU assets and lease liabilities are recognized at the commencement date of the lease and liabilities are determined based on the estimated present value of the Company’s minimum lease payments under its lease agreements. Variable lease payments are excluded from the lease liabilities and corresponding ROU assets, as they are recognized in the period in which the obligation for those payments is incurred. Certain of the Company’s leases have renewal options for which the Company assesses whether it is reasonably certain the Company will exercise these renewal options. Lease payments associated with renewal options that the Company is reasonably certain will be exercised are included in the measurement of the lease liabilities and corresponding ROU assets. 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 12 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 (“TRSs”), 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 FASB’s guidance relating to uncertainty in income taxes recognized in a Company’s 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 Company’s 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 FASB’s 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 Company’s 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 In a business combination, the fair value of the noncontrolling interest in a consolidated joint venture is calculated using the fair value of the real estate held by the joint venture, which are valued using similar methods as described in the Company’s Real Estate policy above, offset by the fair value of the debt on the property which is then multiplied by the partners’ noncontrolling share. 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 Company’s Consolidated Balance Sheets and is included in the Company’s computation of earnings per share (see Footnote 27 Stock Compensation In May 2020, 2020 “2020 2010 March 2020. 2020 fourth fifth four five ten fifth one three may 2020 The Company accounts for equity awards in accordance with the FASB’s 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 22 Reclassifications Certain amounts in the prior period have been reclassified in order to conform to the current period’s presentation. For comparative purposes for the years ended December 31, 2020 2019, New Accounting Pronouncements The following table represents ASUs to the FASB’s ASCs that, as of December 31, 2021, not not ASU Description Effective Date Effect on the financial statements or other significant matters ASU 2021 08, 805 The amendments in this update require acquiring entities to apply Topic 606 805. January 1, 2023; The adoption of this ASU is not ASU 2021 05, 842 This ASU amends the lessor lease classification in ASC 842 not not 842 1 January 1, 2022 The adoption of this ASU is not The following ASUs to the FASB’s ASCs have been adopted by the Company as of the date listed: ASU Description Adoption 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 did not |
Note 2 - Weingarten Merger
Note 2 - Weingarten Merger | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Business Combination Disclosure [Text Block] | 4. Property Acquisitions: Acquisition/Consolidation of Operating Properties During the year ended December 31, 2021, 2 Purchase Price Property Name Location Month Acquired/ Consolidated Cash Debt Other Total GLA* Distribution Center #1 (1) Lancaster, CA Jan-21 $ 58,723 $ - $ 11,277 $ 70,000 927 Distribution Center #2 (1) Woodland, CA Jan-21 27,589 - 6,411 34,000 508 Jamestown Portfolio (6 properties) (2) Various Oct-21 172,899 170,000 87,094 429,993 1,226 KimPru Portfolio (2 properties) (2) Various Oct-21 61,705 64,169 15,212 141,086 478 Columbia Crossing Parcel Columbia, MD Oct-21 12,600 - - 12,600 45 Centro Arlington (2) Arlington, VA Nov-21 24,178 - 184,850 209,028 72 $ 357,694 $ 234,169 $ 304,844 $ 896,707 3,256 * Gross leasable area ("GLA") ( 1 Other consists of the fair value of the assets acquired which exceeded the purchase price upon closing. The transaction was a sale-leaseback with the seller which resulted in the recognition of a prepayment of rent of $17.7 million in accordance with ASC 842, 16 ( 2 Other includes the Company’s previously held equity investments and net gains on change in control. The Company evaluated these transactions pursuant to the FASB’s Consolidation guidance and as a result, recognized net gains on change in control of interests of $5.0 million, in aggregate, resulting from the fair value adjustments associated with the Company’s previously held equity interests, which are included in Equity in income of joint ventures, net on the Company’s Consolidated Statements of Income. The Company previously held an ownership interest of 30.0% in Jamestown Portfolio, 15.0% in KimPru Portfolio and 90.0% in Centro Arlington. 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 Included in the Company’s Consolidated Statements of Income are $10.3 million and $0.4 million in total revenues from the date of acquisition through December 31, 2021 2020, 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, 2021 2020, Allocation as of December 31, 2021 Weighted- Average Useful Life (in Years) Allocation as of December 31, 2020 Weighted- Average Useful Life (in Years) Land $ 154,320 n/a $ 935 n/a Buildings 679,646 50.0 4,610 50.0 Building improvements 18,476 45.0 221 45.0 Tenant improvements 16,391 8.5 382 19.4 In-place leases 48,648 9.1 925 19.4 Above-market leases 6,581 6.5 - - Below-market leases (39,712 ) 38.9 - - Other assets 21,331 n/a - n/a Other liabilities (8,974 ) n/a - n/a Net assets acquired/consolidated $ 896,707 $ 7,073 |
Weingarten Realty Investors [Member] | |
Notes to Financial Statements | |
Business Combination Disclosure [Text Block] | 2. Weingarten Merger Overview On August 3, 2021, August 3, 2021, not third August 3, 2021 Weingarten common shares outstanding as of August 3, 2021 127,784,006 Exchange ratio 1.408 Kimco common stock issued 179,919,880 The following table presents the purchase price and the total value of stock consideration paid by Kimco at the close of the Merger (in thousands except share price of Kimco common stock): Price of Kimco Common Stock Equity Consideration Given (Kimco Shares Issued) Calculated Value of Weingarten Consideration Cash Consideration * Total Value of Consideration As of August 3, 2021 $ 20.78 179,920 $ 3,738,735 $ 320,424 $ 4,059,159 * Amounts include additional consideration of $39.3 million relating to reimbursements paid by the Company to Weingarten at the closing of the Merger for transaction costs incurred by Weingarten. As a result of the Merger, Kimco acquired 149 properties, including 30 held through joint venture programs. The consolidated net assets and results of operations of Weingarten are included in the consolidated financial statements from the closing date, August 3, 2021. Purchase Price Allocation In accordance with ASC 805 10, The fair value of the real estate assets acquired were determined using either (i) a direct capitalization method, (ii) a discounted cash flow analysis or (iii) estimated sales prices from signed contracts or letters of intent from third 3 The discounted cash flow analyses were based on estimated future cash flow projections that utilize discount rates, terminal capitalization rates and planned capital expenditures. These estimates approximate the inputs the Company believes would be utilized by market participants in assessing fair value. The estimates of future cash flow projections are based on a number of factors, including historical operating results, estimated growth rates, known and anticipated trends, fair market lease rates and market/economic conditions. Capitalization and discount rates utilized to derive the fair values ranged from 6.0% to 8.25% and 6.75% to 9.0%, respectively. The Company allocates the purchase price of acquired properties to tangible and identifiable intangible assets or liabilities based on their respective fair values. The fair value of any tangible real estate assets acquired is determined by valuing the building as if it were vacant, and the fair value is then allocated to land, buildings and improvements. The Company values above and below-market lease intangibles based on estimates of market rent compared to contractual rents over expected lease terms using an appropriate discount rate. In-place leases are valued based on the costs to obtain new leases and an estimate of lost revenues and expenses over an anticipated lease up term. The Company determined that this valuation methodology is classified within Level 2 3 The Company determined the fair value of its unsecured debt using current market-based pricing and interest rate yields for similar debt instruments. The Company determined the fair value of secured debt assumed by calculating the net present value of the scheduled debt service payments using current market-based terms for interest rates for debt with similar terms that the Company believes it could obtain on similar structures and maturities. For the fair value of secured debt assumed, weighted average credit spreads utilized were 3.33% 2 3 The following table summarizes the final purchase price allocation, including the acquisition date fair value of the tangible and intangible assets acquired and liabilities assumed (in thousands): Purchase Price Allocation Land $ 1,174,407 Building and improvements 4,040,244 In-place leases 370,685 Above-market leases 42,133 Real estate assets 5,627,469 Investments in and advances to real estate joint ventures 585,382 Cash, accounts receivable and other assets 241,582 Total assets acquired 6,454,433 Notes payable (1,497,632 ) Mortgages payable (317,671 ) Accounts payable and other liabilities (283,559 ) Below-market leases (119,373 ) Noncontrolling interests (177,039 ) Total liabilities assumed (2,395,274 ) Total purchase price $ 4,059,159 The following table details the weighted average amortization periods, in years, of the purchase price allocated to real estate and related intangible assets and liabilities acquired arising from the Merger: Weighted Average Amortization Period (in Years) Land n/a Building 50.0 Building improvements 45.0 Tenant improvements 7.1 Fixtures and leasehold improvements 6.2 In-place leases 5.6 Above-market leases 10.1 Below-market leases 31.5 Right-of-use intangible assets 30.9 Fair market value of debt adjustment 3.7 Revenues from rental properties, net and Net income available to the Company’s common shareholders in the Company’s Consolidated Statements of Income includes revenues of $198.3 million and net income of $25.8 million (excluding $50.2 million of merger related charges), respectively, resulting from the Merger for the year ended December 31, 2021. Pro forma Information (Unaudited) The pro forma financial information set forth below is based upon the Company’s historical Consolidated Statements of Income for the years ended December 31, 2021 2020, January 1, 2020. may not Year Ended December 31, 2021 2020 Revenues from rental properties, net $ 2,341.4 $ 2,234.9 Net income (1) $ 1,114.6 $ 1,193.1 Net income available to the Company’s common shareholders (1) $ 1,084.1 $ 1,166.3 ( 1 The pro forma earnings for the year ended December 31, 2021 December 31, 2020 |
Note 3 - Real Estate
Note 3 - Real Estate | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Real Estate Disclosure [Text Block] | 3. Real Estate: The Company’s components of Real estate, net consist of the following (in thousands): December 31, 2021 2020 Land: Developed land $ 3,962,447 $ 2,758,936 Undeveloped land 16,328 22,952 Total land 3,978,775 2,781,888 Buildings and improvements: Buildings 10,042,225 5,911,602 Building improvements 1,999,319 1,918,641 Tenant improvements 987,216 820,027 Fixtures and leasehold improvements 31,421 32,123 Above-market leases 166,840 125,858 In-place leases 840,803 473,016 Total buildings and improvements 14,067,824 9,281,267 Real estate 18,046,599 12,063,155 Accumulated depreciation and amortization (1) (3,010,699 ) (2,717,114 ) Total real estate, net $ 15,035,900 $ 9,346,041 ( 1 At December 31, 2021 2020, In addition, at December 31, 2021 2020, The Company’s amortization associated with above-market and below-market leases for the years ended December 31, 2021, 2020 2019 December 31, 2021, 2020 2019 The estimated net amortization income/(expense) associated with the Company’s above-market and below-market leases and in-place leases for the next five 2022 2023 2024 2025 2026 Above-market and below-market leases amortization, net $ 14.5 $ 14.5 $ 14.3 $ 13.9 $ 14.1 In-place leases amortization $ (138.6 ) $ (95.4 ) $ (66.3 ) $ (44.9 ) $ (31.0 ) Real Estate Under Development As of December 31, 2021 2020, |
Note 4 - Property Acquisitions
Note 4 - Property Acquisitions | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Business Combination Disclosure [Text Block] | 4. Property Acquisitions: Acquisition/Consolidation of Operating Properties During the year ended December 31, 2021, 2 Purchase Price Property Name Location Month Acquired/ Consolidated Cash Debt Other Total GLA* Distribution Center #1 (1) Lancaster, CA Jan-21 $ 58,723 $ - $ 11,277 $ 70,000 927 Distribution Center #2 (1) Woodland, CA Jan-21 27,589 - 6,411 34,000 508 Jamestown Portfolio (6 properties) (2) Various Oct-21 172,899 170,000 87,094 429,993 1,226 KimPru Portfolio (2 properties) (2) Various Oct-21 61,705 64,169 15,212 141,086 478 Columbia Crossing Parcel Columbia, MD Oct-21 12,600 - - 12,600 45 Centro Arlington (2) Arlington, VA Nov-21 24,178 - 184,850 209,028 72 $ 357,694 $ 234,169 $ 304,844 $ 896,707 3,256 * Gross leasable area ("GLA") ( 1 Other consists of the fair value of the assets acquired which exceeded the purchase price upon closing. The transaction was a sale-leaseback with the seller which resulted in the recognition of a prepayment of rent of $17.7 million in accordance with ASC 842, 16 ( 2 Other includes the Company’s previously held equity investments and net gains on change in control. The Company evaluated these transactions pursuant to the FASB’s Consolidation guidance and as a result, recognized net gains on change in control of interests of $5.0 million, in aggregate, resulting from the fair value adjustments associated with the Company’s previously held equity interests, which are included in Equity in income of joint ventures, net on the Company’s Consolidated Statements of Income. The Company previously held an ownership interest of 30.0% in Jamestown Portfolio, 15.0% in KimPru Portfolio and 90.0% in Centro Arlington. 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 Included in the Company’s Consolidated Statements of Income are $10.3 million and $0.4 million in total revenues from the date of acquisition through December 31, 2021 2020, 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, 2021 2020, Allocation as of December 31, 2021 Weighted- Average Useful Life (in Years) Allocation as of December 31, 2020 Weighted- Average Useful Life (in Years) Land $ 154,320 n/a $ 935 n/a Buildings 679,646 50.0 4,610 50.0 Building improvements 18,476 45.0 221 45.0 Tenant improvements 16,391 8.5 382 19.4 In-place leases 48,648 9.1 925 19.4 Above-market leases 6,581 6.5 - - Below-market leases (39,712 ) 38.9 - - Other assets 21,331 n/a - n/a Other liabilities (8,974 ) n/a - n/a Net assets acquired/consolidated $ 896,707 $ 7,073 |
Note 5 - Dispositions of Real E
Note 5 - Dispositions of Real Estate | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Mergers, Acquisitions and Dispositions Disclosures [Text Block] | 5. Dispositions of Real Estate The table below summarizes the Company’s disposition activity relating to operating properties and parcels, in separate transactions (dollars in millions): Year Ended December 31, 2021 (1) 2020 2019 (2) Aggregate sales price/gross fair value $ 612.4 $ 31.8 $ 344.7 Gain on sale of properties (3) $ 30.8 $ 6.5 $ 79.2 Number of operating properties sold/deconsolidated 13 3 20 Number of parcels sold 10 4 9 ( 1 During 2021, no six ( 2 Includes the sale of a land parcel at a development project located in Dania Beach, FL for a sales price of $32.5 million, which resulted in a gain of $4.3 million. ( 3 Before noncontrolling interests of $3.0 million and taxes of $2.2 million, after utilization of net operating loss carryforwards, for the year ended December 31, 2021. |
Note 6 - Impairments
Note 6 - Impairments | 12 Months Ended |
Dec. 31, 2021 | |
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 Company’s 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 17 The Company’s efforts to market certain assets and management’s 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, 2021, 2020 2019 2021 2020 2019 Properties marketed for sale (1) $ 2.7 $ 5.5 $ 12.5 Properties disposed/deeded in lieu/foreclosed (2) - 1.1 36.2 Other impairments (3) 0.9 - - Total net impairment charges $ 3.6 $ 6.6 $ 48.7 ( 1 Amounts 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. ( 2 Amounts relate to dispositions/deeds in lieu/foreclosures during the respective years shown. ( 3 Amounts relate to a cost method investment during the respective years shown. The Company also recognized its share of impairment charges related to certain properties within various unconsolidated joint ventures in which the Company holds noncontrolling interests. The Company’s share of these impairment charges were $2.9 million, $0.8 million and $5.6 million for the years ended December 31, 2021, 2020 2019, 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, 2021 | |
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 Company manages certain of 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 unconsolidated joint venture investments for which the Company held an ownership interest at December 31, 2021 2020 The Company's Investment Ownership December 31, Joint Venture Interest 2021 2020 Prudential Investment Program 15.0% $ 163.0 $ 175.1 Kimco Income Opportunity Portfolio (“KIR”) 48.6% 186.0 177.4 Canada Pension Plan Investment Board (“CPP”) 55.0% 165.1 159.7 Other Institutional Joint Ventures (1) (2) Various 281.8 - Other Joint Venture Programs (1) Various 211.0 78.5 Total* $ 1,006.9 $ 590.7 * Representing 120 property interests and 24.7 million square feet of GLA, as of December 31, 2021, December 31, 2020. ( 1 In connection with the Merger, the Company acquired ownership in 9 unconsolidated joint ventures, which have a fair market value of $586.2 million at the time of Merger. These joint ventures represented 30 property interests and 4.4 million square feet of GLA. ( 2 During 2021, 5 The table below presents the Company’s share of net income for these investments which is included in Equity in income of joint ventures, net on the Company’s Consolidated Statements of Income (in millions): Year Ended December 31, 2021 2020 2019 Prudential Investment Program (1) $ 17.5 $ 9.0 $ 10.4 KIR 36.9 30.5 50.3 CPP 9.2 5.6 5.8 Other Institutional Joint Ventures 1.7 - - Other Joint Venture Programs 19.5 2.3 5.7 Total $ 84.8 $ 47.4 $ 72.2 ( 1 During the year ended December 31, 2019, During 2021, December 31, 2021. In addition, during 2021, 4 During 2019, nine December 31, 2019. The table below presents debt balances within the Company’s unconsolidated joint venture investments for which the Company held noncontrolling ownership interests at December 31, 2021 2020 December 31, 2021 December 31, 2020 Joint Venture Mortgages and Notes Payable, Net Weighted Average Interest Rate Weighted Average Remaining Term (months)* Mortgages and Notes Payable, Net Weighted Average Interest Rate Weighted Average Remaining Term (months)* Prudential Investment Program $ 426.9 2.02 % 45.6 $ 495.8 2.05 % 37.2 KIR 492.6 2.55 % 27.9 536.9 3.87 % 25.3 CPP 84.2 1.85 % 55.0 84.9 3.25 % 30.0 Other Institutional Joint Ventures (1) 232.9 1.65 % 59.7 - - - Other Joint Venture Programs (1) 402.1 3.58 % 83.0 423.4 3.41 % 86.7 Total $ 1,638.7 $ 1,541.0 * Average remaining term includes extensions ( 1 As of the date of the Merger, the Company acquired ownership in 9 KIR – 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 Company’s equity in income from KIR for the year ended December 31, 2019, 10% December 31, 2021 2020 Assets: Real estate, net $ 769.4 $ 787.1 Other assets, net 68.2 75.3 Total Assets $ 837.6 $ 862.4 Liabilities and Members’ Capital: Notes payable, net $ 258.8 $ 91.5 Mortgages payable, net 233.7 445.4 Other liabilities 16.2 17.4 Members’ capital 328.9 308.1 Total Liabilities and Members’ Capital $ 837.6 $ 862.4 Year Ended December 31, 2021 2020 2019 Revenues, net $ 186.6 $ 173.9 $ 193.6 Operating expenses (51.3 ) (49.5 ) (51.0 ) Depreciation and amortization (40.3 ) (36.9 ) (38.0 ) Gain on sale of properties - - 32.2 Interest expense (18.1 ) (23.8 ) (28.2 ) Other expense, net (2.1 ) (1.6 ) (1.1 ) Net income $ 74.8 $ 62.1 $ 107.5 Summarized financial information for the Company’s investment in and advances to all other real estate joint ventures is as follows (in millions): December 31, 2021 2020 Assets: Real estate, net $ 3,619.4 $ 2,549.2 Other assets, net 193.8 179.0 Total Assets $ 3,813.2 $ 2,728.2 Liabilities and Members’ Capital: Notes payable, net $ 199.0 $ 199.8 Mortgages payable, net 947.2 804.3 Other liabilities 73.8 53.6 Noncontrolling interests 32.6 18.3 Members’ capital 2,560.6 1,652.2 Total Liabilities and Members’ Capital $ 3,813.2 $ 2,728.2 Year Ended December 31, 2021 2020 2019 Revenues, net $ 340.3 $ 282.4 $ 317.6 Operating expenses (111.7 ) (101.9 ) (99.4 ) Impairment charges (23.5 ) (4.4 ) (39.5 ) Depreciation and amortization (97.2 ) (75.0 ) (76.9 ) Gain on sale of properties 61.5 0.2 15.0 Interest expense (27.6 ) (31.2 ) (47.1 ) Other expense, net (0.9 ) (10.8 ) (14.2 ) Net income $ 140.9 $ 59.3 $ 55.5 Other liabilities included in the Company’s accompanying Consolidated Balance Sheets include investments in certain real estate joint ventures totaling $4.8 million and $3.7 million at December 31, 2021 2020, may The Company’s 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, 2021 2020, The Company will continue to monitor the economic, financial, and social conditions resulting from the COVID- 19 |
Note 8 - Other Investments
Note 8 - Other Investments | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Other Real Estate Investments and Other Assets [Text Block] | 8. Other Investments: The Company has provided capital to owners and developers of real estate properties and loans through its Preferred Equity program. The Company’s maximum exposure to losses associated with its preferred equity investments is primarily limited to its net investment. As of December 31, 2021, December 31, 2021, December 31, 2020, December 31, 2020, During 2021, four During 2020, As of December 31, 2021, two 2.5 Summarized financial information relating to the Company’s preferred equity investments is as follows (in millions): December 31, 2021 2020 Assets: Real estate, net $ 317.3 $ 95.7 Other assets 131.1 216.5 Total Assets $ 448.4 $ 312.2 Liabilities and Partners’/Members’ Capital: Mortgages payable, net $ 240.7 $ 146.7 Other liabilities 15.9 4.5 Partners’/Members’ capital 191.8 161.0 Total Liabilities and Partners’/Members’ Capital $ 448.4 $ 312.2 Year Ended December 31, 2021 2020 2019 Revenues $ 54.0 $ 44.6 $ 66.6 Operating expenses (21.7 ) (11.1 ) (16.0 ) Depreciation and amortization (2.9 ) (2.9 ) (3.2 ) Gain on sale of properties - 0.2 13.6 Interest expense (9.1 ) (7.0 ) (11.9 ) Other expense, net 0.5 (4.0 ) (7.9 ) Net income $ 19.8 $ 19.8 $ 41.2 |
Note 9 - Marketable Securities
Note 9 - Marketable Securities | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | 9. Marketable Securities The amortized cost and unrealized gains, net of marketable securities as of December 31, 2021 2020, As of December 31, 2021 As of December 31, 2020 Marketable securities: Amortized cost $ 114,159 $ 114,531 Unrealized gains, net 1,097,580 592,423 Total fair value $ 1,211,739 $ 706,954 During the years ended December 31, 2021 2020, 17 In addition, during the years ended December 31, 2021 2020, Albertsons Companies, Inc. ( ACI ) The Company owned 9.29% of the common stock of ACI, one June 2020, On June 25, 2020, June 26, 2020. December 31, 2021, December 31, 2021 2020, |
Note 10 - Accounts and Notes Re
Note 10 - Accounts and Notes Receivable | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Financing Receivables [Text Block] | 10. Accounts and Notes Receivable The components of Accounts and notes receivable, net of potentially uncollectible amounts as of December 31, 2021 2020, As of December 31, 2021 As of December 31, 2020 Billed tenant receivables $ 20,970 $ 25,428 Unbilled common area maintenance, insurance and tax 55,283 35,982 Deferred rent receivables 5,029 17,328 Other receivables 15,725 4,880 Straight-line rent receivables 157,670 135,630 Total accounts and notes receivable, net $ 254,677 $ 219,248 |
Note 11 - Variable Interest Ent
Note 11 - Variable Interest Entities ("VIE") | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | 11. Variable Interest Entities ( VIE ) Included within the Company’s operating properties at December 31, 2021 2020, August 2021, not not December 31, 2021, December 31, 2020, The majority of the operations of these VIEs are funded with cash flows generated from the properties. The Company has not not may All liabilities of these VIEs are non-recourse to the Company (“VIE Liabilities”). The assets of the unencumbered VIEs are not third December 31, 2021 December 31, 2020 Number of unencumbered VIEs 30 19 Number of encumbered VIEs 4 3 Total number of consolidated VIEs 34 22 Restricted Assets: Real estate, net $ 222.9 $ 97.7 Cash and cash equivalents 2.0 1.8 Accounts and notes receivable, net 2.0 1.9 Other assets 1.0 1.1 Total Restricted Assets $ 227.9 $ 102.5 VIE Liabilities: Mortgages payable, net $ 78.9 $ 36.5 Accounts payable and accrued expenses 11.8 5.2 Operating lease liabilities 6.7 5.5 Other liabilities 56.5 14.9 Total VIE Liabilities $ 153.9 $ 62.1 |
Note 12 - Leases
Note 12 - Leases | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Lessee, Operating Leases [Text Block] | 12. Leases Lessor Leases The Company’s primary source of revenues is derived from lease agreements, which includes rental income and expense reimbursement. The Company’s 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 Company’s lease income, which is included in Revenue from rental properties, net on the Company’s Consolidated Statements of Operations, as either fixed or variable lease income based on the criteria specified in ASC 842, December 31, 2021 2020, Year Ended December 31, 2021 2020 2019 Lease income: Fixed lease income (1) $ 1,045,888 $ 871,151 $ 880,694 Variable lease income (2) 264,040 232,272 246,226 Above-market and below-market leases amortization, net 14,843 22,515 20,010 Adjustments for potentially uncollectible revenues and disputed amounts (3) 24,931 (81,050 ) (4,596 ) Total lease income $ 1,349,702 $ 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 The amounts represent adjustments associated with potentially uncollectible revenues and disputed amounts primarily due to the COVID- 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, 2021, 2020 2019 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 2120. five three December 31, 2021, 2020 2019. 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 2022 2023 2024 2025 2026 Thereafter Minimum revenues $ 1,186.1 $ 1,066.7 $ 922.6 $ 780.2 $ 636.4 $ 2,779.2 Lessee Leases The Company currently leases real estate space under non-cancelable operating lease agreements for ground leases and administrative office leases. The Company’s operating leases have remaining lease terms ranging from one In connection with the Merger, the Company obtained $32.6 million of operating right-of-use assets in exchange for new operating lease liabilities related to six two The weighted-average remaining non-cancelable lease term and weighted-average discount rates for the Company’s operating and finance leases as of December 31, 2021 Operating Leases Finance Leases Weighted-average remaining lease term (in years) 25.6 2.0 Weighted-average discount rate 6.62 % 4.44 % The components of the Company’s lease expense, which are included in interest expense, rent expense and general and administrative expense on the Company’s Consolidated Statements of Operations for the years ended December 31, 2021 2020, Year Ended December 31, 2021 2020 2019 Lease cost: Finance lease cost $ 569 $ - $ - Operating lease cost 11,637 10,371 12,630 Variable lease cost 3,972 2,852 2,038 Total lease cost $ 16,178 $ 13,223 $ 14,668 The table below reconciles the undiscounted cash flows for each of the first five Year Ending December 31, Operating Leases Financing Leases (1) 2022 $ 12,688 $ 1,709 2023 12,716 22,987 2024 11,894 - 2025 11,395 - 2026 10,742 - Thereafter 215,413 - Total minimum lease payments $ 274,848 $ 24,696 Less imputed interest (151,069 ) (1,956 ) Total lease liabilities (2) $ 123,779 $ 22,740 ( 1 Includes bargain purchase options exercisable in 2023 two ( 2 Operating lease liabilities are included in Operating lease liabilities and financing lease liabilities are included in Other liabilities on the Company’s Consolidated Balance Sheets. |
Note 13 - Other Assets
Note 13 - Other Assets | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Other Assets Disclosure [Text Block] | 13. Other Assets Assets Held-For-Sale At December 31, 2021, 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 Company’s mortgages and other financing receivables at December 31, 2021, 10 The following table reconciles mortgage loans and other financing receivables from January 1, 2019 December 31, 2021 ( 2021 2020 2019 Balance at January 1, $ 32,246 $ 7,829 $ 14,448 Additions: New mortgage and other loans (1) 55,307 25,500 3,750 Additions under existing mortgage loans - - 48 Amortization of loan discounts - - 33 Deductions: Loan repayments (13,646 ) (25 ) (10,136 ) Collections of principal (130 ) (152 ) (313 ) Allowance for credit losses (370 ) (906 ) - Other adjustments (305 ) - (1 ) Balance at December 31, $ 73,102 $ 32,246 $ 7,829 ( 1 During 2021, The Company reviews payment status to identify performing versus non-performing loans. As of December 31, 2021, |
Note 14 - Notes Payable
Note 14 - Notes Payable | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | 14. Notes Payable As of December 31, 2021 2020 Carrying Amount at December 31, Interest Rate at December 31, Maturity Date at December 31, 2021 2020 2021 2020 2021 Senior unsecured notes $ 7,002.1 $ 5,100.0 1.90% - 6.88 % 1.90% - 4.45 % Oct-2022– Oct 2049 Credit facility (1) - - 0.87 % 0.91 % Mar-2024 Fair value debt adjustments, net 81.0 - n/a n/a n/a Deferred financing costs, net (2) (56.0 ) (55.8 ) n/a n/a n/a $ 7,027.1 $ 5,044.2 3.35%* 3.33%* * Weighted-average interest rate ( 1 Accrues interest at a rate of LIBOR plus 0.765%. ( 2 As of December 31, 2021 2020, In connection with the Merger, the Company assumed senior unsecured notes aggregating $1.5 billion (including fair market value adjustment of $95.6 million), which have scheduled maturity dates ranging from October 2022 August 2028 During the years ended December 31, 2021 2020, Date Issued Maturity Date Amount Issued Interest Rate Sept-2021 Dec-2031 $ 500.0 2.25 % Aug-2020 Mar-2028 $ 400.0 1.90 % Jul-2020 (1) Oct-2030 $ 500.0 2.70 % ( 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 Company’s Consolidated Statements of Income. On February 15, 2022, November 2022. March 2, 2022 In addition, in February 2022, April 2032 The scheduled maturities of all notes payable excluding unamortized fair value debt adjustments of $81.0 million and unamortized debt issuance costs of $56.0 million, as of December 31, 2021, 2022 2023 2024 2025 2026 Thereafter Total Principal payments $ 799.4 $ 649.7 $ 646.2 $ 740.5 $ 773.0 $ 3,393.3 $ 7,002.1 The Company’s 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 therein, 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, 2021. Interest on the Company’s 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 Company’s 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, 2021), December 31, 2021, no |
Note 15 - Mortgages Payable
Note 15 - Mortgages Payable | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Mortgage Notes Payable Disclosure [Text Block] | 15. Mortgages Payable Mortgages, collateralized by certain shopping center properties (see Financial Statement Schedule III included in this annual report on Form 10 As of December 31, 2021 2020, Carrying Amount at December 31, Interest Rate at December 31, Maturity Date at December 31, 2021 2020 2021 2020 2021 Mortgages payable $ 439.2 $ 308.4 3.23% - 7.23 % 3.23% - 7.23 % Apr-2022 – Jul-2029 Fair value debt adjustments, net 10.8 3.5 n/a n/a n/a Deferred financing costs, net (1.3 ) (0.6 ) n/a n/a n/a $ 448.7 $ 311.3 4.12%* 4.73%* * Weighted-average interest rate During 2021, no In addition, in connection with the Merger, the Company assumed mortgage debt of $317.7 million (including fair market value adjustment of $11.0 million) that encumber 16 operating properties, which have scheduled maturity dates ranging from April 2022 August 2038 During 2020, four The scheduled principal payments (excluding any extension options available to the Company) of all mortgages payable, excluding unamortized fair value debt adjustments of $10.8 million and unamortized debt issuance costs of $1.3 million, as of December 31, 2021, 2022 2023 2024 2025 2026 Thereafter Total Principal payments $ 124.5 $ 63.6 $ 8.1 $ 54.3 $ 5.4 $ 183.3 $ 439.2 |
Note 16 - Noncontrolling Intere
Note 16 - Noncontrolling Interests and Redeemable Noncontrolling Interests | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Noncontrolling Interest Disclosure [Text Block] | 16. 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, 2021 2020, December 31, 2021: 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 Company’s common stock dividend ( 1 These units are redeemable for cash by the holder or at the Company’s option, shares of the Company’s common stock, based upon the conversion calculation as defined in the agreement. These units are included in Noncontrolling interests on the Company’s 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. 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, 2021 2020, Noncontrolling interests also includes 138,015 convertible units issued during 2006 1:1. In connection with the Merger, the Company acquired two 1:1. 2021, December 31, 2021, In addition, the Company acquired ownership interests in eight 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 Stockholder’s equity on the Company’s Consolidated Balance Sheets. The following table presents the change in the redemption value of the Redeemable noncontrolling interests for the years ended December 31, 2021 2020 2021 2020 Balance at January 1, $ 15,784 $ 17,943 Fair value allocation to partnership interest (1) 2,068 - Income 751 1,022 Distributions (1) (2,819 ) (1,021 ) Adjustment to estimated redemption value (2) (2,304 ) (2,160 ) Balance at December 31, $ 13,480 $ 15,784 ( 1 During January 2021, two 4 June 2021, ( 2 The Company recorded an adjustment to the estimated redemption fair market value of a noncontrolling interest in accordance with the provisions of the respective joint venture agreement and ASC 480, Accounting for Redeemable Equity Instruments 3 |
Note 17 - Fair Value Disclosure
Note 17 - Fair Value Disclosure of Financial Instruments | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | 17. Fair Value Disclosure of Financial Instruments All financial instruments of the Company are reflected in the accompanying Consolidated Balance Sheets at amounts which, in management’s 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 dealers’ 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 FASB’s 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 Company’s estimate of fair value differs from the carrying amounts (in thousands): December 31, 2021 2020 Carrying Amounts Estimated Fair Value Carrying Amounts Estimated Fair Value Notes payable, net (1) $ 7,027,050 $ 7,330,723 $ 5,044,208 $ 5,486,953 Mortgages payable, net (2) $ 448,652 $ 449,758 $ 311,272 $ 312,933 ( 1 The Company determined that the valuation of its Senior Unsecured Notes were classified within Level 2 3 2 December 31, 2021 2020, ( 2 The Company determined that its valuation of these mortgages payable was classified within Level 3 The Company has certain financial instruments that must be measured under the FASB’s 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 of the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. The 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 Company’s financial assets measured at fair value on a recurring basis as of December 31, 2021 2020, Balance at December 31, 2021 Level 1 Level 2 Level 3 Assets: Marketable equity securities $ 1,211,739 $ 1,211,739 $ - $ - Balance at December 31, 2020 Level 1 Level 2 Level 3 Assets: Marketable equity securities $ 706,954 $ 706,954 $ - $ - Assets measured at fair value on a non-recurring basis at December 31, 2021 2020 Balance at December 31, 2021 Level 1 Level 2 Level 3 Other investments $ 9,834 $ - $ - $ 9,834 Balance at December 31, 2020 Level 1 Level 2 Level 3 Real estate $ 24,899 $ - $ - $ 24,899 Other investments $ 5,464 $ - $ - $ 5,464 The Company’s estimated fair values of these assets were primarily based upon estimated sales prices from signed contracts or letters of intent from third not third 3 |
Note 18 - Preferred Stock, Comm
Note 18 - Preferred Stock, Common Stock and Convertible Unit Transactions | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | 18. Preferred Stock, Common Stock and Convertible Unit Transactions Preferred Stock The Company’s outstanding Preferred Stock is detailed below (in thousands, except share data and par values): As of December 31, 2021 and 2020 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 Company’s 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 Company’s common stock or any other capital stock that ranks junior to the preferred stock as to liquidation rights. Common Stock During August 2021, may may 415 1933, may one 2021, December 31, 2021, In connection with the Merger, each Weingarten common share, issued and outstanding immediately prior to the effective time of the Merger, was converted into 1.408 shares of newly issued shares of Kimco common stock, resulting in approximately 179.9 million common shares being issued in connection with the Merger. The Company has a share repurchase program, which is scheduled to expire February 29, 2024. may not December 31, 2021 2020. December 31, 2021, 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 2021, 2020 2019, Convertible Units The Company has various types of convertible units that were issued in connection with the purchase of operating properties (see Footnote 16 not December 31, 2021, Dividends Declared The following table provides a summary of the dividends declared per share: Year Ended December 31, 2021 2020 2019 Common Stock $ 0.68000 $ 0.54000 $ 1.12000 Class I Depositary Shares $ - $ - $ 0.99583 Class J Depositary Shares $ - $ - $ 1.37500 Class K Depositary Shares $ - $ - $ 0.93359 Class L Depositary Shares $ 1.28125 $ 1.28125 $ 1.28125 Class M Depositary Shares $ 1.31250 $ 1.31250 $ 1.31250 |
Note 19 - Supplemental Schedule
Note 19 - Supplemental Schedule of Non-cash Investing / Financing Activities | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Cash Flow, Supplemental Disclosures [Text Block] | 19. 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, 2021, 2020 2019 2021 2020 2019 Acquisition of real estate interests through proceeds held in escrow $ - $ - $ 36,076 Proceeds deposited in escrow through sale of real estate interests $ - $ - $ 5,106 Disposition of real estate interests through the issuance of mortgage receivable $ - $ - $ 3,750 Disposition of real estate interests by a deed in lieu/foreclosure of debt $ - $ - $ 3,892 Forgiveness of debt due to a deed in lieu/foreclosure $ - $ - $ 6,905 Capital expenditures accrual $ 34,651 $ 37,411 $ 65,900 Surrender of common stock $ 20,909 $ 5,395 $ 4,030 Declaration of dividends paid in succeeding period $ 5,366 $ 5,366 $ 126,274 Decrease in redeemable noncontrolling interests’ carrying amount $ (2,304 ) $ (2,160 ) $ - Lease liabilities arising from obtaining operating right-of-use assets $ 553 $ - $ - Allocation of fair value to noncontrolling interests $ 2,068 $ - $ - Purchase price fair value adjustment to prepaid rent $ 15,620 $ - $ - Decrease in noncontrolling interests from redemption of units for common stock $ 1,540 $ - $ - Weingarten Merger: Real estate assets $ 5,627,469 $ - $ - Investments in and advances to real estate joint ventures $ 585,382 $ - $ - Notes payable $ (1,497,632 ) $ - $ - Mortgages payable $ (317,671 ) $ - $ - Below-market leases $ (119,373 ) $ - $ - Noncontrolling interests $ (177,039 ) $ - $ - Other assets and liabilities, net $ (154,775 ) $ - $ - Lease liabilities arising from obtaining operating right-of-use assets $ 32,569 $ - $ - Lease liabilities arising from obtaining financing right-of-use assets $ 23,026 $ - $ - Common stock issued in exchange for Weingarten common shares $ (3,738,735 ) $ - $ - Consolidation of Joint Ventures: Increase in real estate and other assets, net $ 506,266 $ - $ 7,884 Increase in mortgages payable, other liabilities and noncontrolling interests $ 234,091 $ - $ 7,747 Deconsolidation of Joint Venture: Decrease in real estate and other assets, net $ 300,099 $ - $ - Decrease in mortgages payable and other liabilities $ 170,000 $ - $ - The following table provides a reconciliation of cash, cash equivalents and restricted cash recorded on the Company’s Consolidated Balance Sheets to the Company’s Consolidated Statements of Cash Flows (in thousands): As of December 31, 2021 As of December 31, 2020 Cash and cash equivalents $ 325,631 $ 292,953 Restricted cash 9,032 235 Total cash, cash equivalents and restricted cash $ 334,663 $ 293,188 |
Note 20 - Transactions With Rel
Note 20 - Transactions With Related Parties | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | 20. 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 Company’s Consolidated Statements of Income constitute fees earned from affiliated entities. Reference is made to Footnote 7 Ripco Ripco Real Estate Corp. (“Ripco”) business activities include serving as a leasing agent and representative for national and regional retailers including Target, Best Buy, Kohl’s 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 2021, 2020 2019, Fifth Wall During 2021, December 31, 2021. October 2021, |
Note 21 - Commitments and Conti
Note 21 - Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | 21. 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 Company’s redevelopment projects and guaranty of payment related to the Company’s insurance program. At December 31, 2021, Funding Commitments The Company has two December 31, 2021. December 31, 2021. 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 Company’s obligations are satisfied. These bonds expire upon the completion of the improvements and infrastructure. As of December 31, 2021, In connection with the Merger, the Company now provides a guaranty for the payment of any debt service shortfalls on the Sheridan Redevelopment Agency issued Series A bonds which are tax increment revenue bonds issued in connection with a development project in Sheridan, Colorado. These tax increment revenue bonds have a balance of $49.7 million outstanding at December 31, 2021. may 2040. 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, 2021. |
Note 22 - Incentive Plans
Note 22 - Incentive Plans | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Share-based Payment Arrangement [Text Block] | 22. Incentive Plans In May 2020, 2020 “2020 2010 “2010 2020 March 2020. 2020 December 31, 2021, 2020 The Company accounts for equity awards in accordance with FASB’s Compensation – 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 $23.2 million, $23.7 million and $20.2 million, for the years ended December 31, 2021, 2020 2019, December 31, 2021, Stock Options During 2021, 2020 2019, not 2010 December 31, 2021, 2020 2019 Shares Weighted-Average Exercise Price Per Share Aggregate Intrinsic Value (in millions) Options outstanding, January 1, 2019 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 $ - Exercised (315,750 ) $ 19.19 $ 1.1 Forfeited (357,816 ) $ 19.01 Options outstanding, December 31, 2021 488,755 $ 21.48 $ 1.5 Options exercisable (fully vested) - December 31, 2019 1,297,936 $ 19.60 $ 2.0 December 31, 2020 1,162,321 $ 20.03 $ - December 31, 2021 488,755 $ 21.48 $ 1.5 The exercise price per share for options outstanding as of December 31, 2021 December 31, 2021, December 31, 2021 2010 December 31, 2021, 2020 2019, Restricted Stock Information with respect to restricted stock under the Plan for the years ended December 31, 2021, 2020 2019 2021 2020 2019 Restricted stock outstanding as of January 1, 2,394,825 2,367,843 2,104,914 Granted (1) 754,560 820,150 884,170 Vested (759,665 ) (784,120 ) (603,148 ) Forfeited (42,112 ) (9,048 ) (18,093 ) Restricted stock outstanding as of December 31, 2,347,608 2,394,825 2,367,843 ( 1 The weighted-average grant date fair value for restricted stock issued during the years ended December 31, 2021, 2020 2019 Restricted shares have the same voting rights as the Company’s common stock and are entitled to a cash dividend per share equal to the Company’s common dividend which is taxable as ordinary income to the holder. For the years ended December 31, 2021, 2020 2019, Performance Shares Information with respect to performance share awards under the 2010 December 31, 2021, 2020 2019 2021 2020 2019 Performance share awards outstanding as of January 1, 913,800 704,530 433,230 Granted (1) 545,380 506,720 407,080 Vested (2) (407,080 ) (297,450 ) (135,780 ) Performance share awards outstanding as of December 31, 1,052,100 913,800 704,530 ( 1 The weighted-average grant date fair value for performance shares issued during the years ended December 31, 2021, 2020 2019 ( 2 For the years ended December 31, 2021, 2020 2019, The more significant assumptions underlying the determination of fair values for these performance awards granted during 2021, 2020 2019 2021 2020 2019 Stock price $ 17.87 $ 18.93 $ 17.81 Dividend yield (1) 0 % 0 % 0 % Risk-free rate 0.20 % 1.42 % 2.52 % Volatility (2) 48.41 % 24.67 % 24.55 % Term of the award (years) 2.86 2.88 2.88 ( 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, 2021. December 31, 2021, 2020 2019, The Company recognized severance costs associated with employee retirements and terminations during the years ended December 31, 2021, 2020 2019, |
Note 23 - Defined Benefit Plan
Note 23 - Defined Benefit Plan | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Defined Benefit Plan [Text Block] | 23. Defined Benefit Plan: As part of the Merger, the Company assumed sponsorship of Weingarten’s noncontributory qualified cash balance retirement plan (“the Benefit Plan”). At the date of the Merger, the Benefit Plan was frozen and as a result no not December 31, 2021. January 1, 2021. The following table summarizes the measurement changes in the Benefit Plan’s projected benefit obligation, plan assets and funded status, as well as the components of net periodic benefit costs, including key assumptions, from the date of the Merger through December 31, 2021 ( 2021 Change in Projected Benefit Obligation: Benefit obligation at date of the Merger $ 73,081 Interest cost 762 Settlement payments (29,107 ) Actuarial gain (6,831 ) Benefit payments (910 ) Benefit obligation at December 31, 2021 $ 36,995 Change in Plan Assets: Fair value of plan assets at date of the Merger $ 74,025 Actual return on plan assets 642 Settlement payments (30,104 ) Benefit payments (910 ) Fair value of plan assets at December 31, 2021 $ 43,653 Funded status at December 31, 2021 (included in Other assets) $ 6,658 Accumulated benefit obligation $ 36,995 Net gain recognized in other comprehensive income $ 2,216 The components of net periodic benefit income, included in Other income, net in the Company’s Consolidated Statements of Income for the year ended December 31, 2021 2021 Interest cost $ (750 ) Expected return on plan assets 2,125 Settlement gain 2,216 Total net periodic benefit income $ 3,591 The weighted-average assumptions used to determine the benefit obligation as of December 31, 2021 Discount rate 2.43 % Salary scale increases N/A Interest credit rate for cash balance plan 4.50 % The selection of the discount rate is made annually after comparison to yields based on high quality fixed-income investments. The long-term rate of return is a composite rate for the Benefit Plan. It is derived as the sum of the percentages invested in each principal asset class included in the portfolio multiplied by their respective expected rates of return. The Company considered the historical returns and the future expectations for returns for each asset class, as well as the target asset allocation of the Benefit Plan portfolio. This analysis resulted in the selection of 7.00% as the long-term rate of return assumption for the year ended December 31, 2021. No contributions are anticipated to be made to the Benefit Plan during 2022. 10 2022 2023 2024 2025 2026 2027 - 2031 Benefit payments $ 19.5 $ 2.3 $ 2.3 $ 2.3 $ 2.2 $ 10.4 The Benefit Plan’s investment policy is to address the long-term needs of the Benefit Plan and consider the risk tolerances of participants, to select appropriate investments to be offered by the Benefit Plan and to establish procedures for monitoring and evaluating the performance of the investments of the Benefit Plan. The Benefit Plan’s overall objectives for selecting and monitoring investment options are (i) to promote and optimize retirement wealth accumulation, (ii) to provide a full range of asset classes and investment options that are intended to help diversify the portfolio to maximize return within reasonable and prudent levels of risk, (iii) to control costs of administering the Benefit Plan and (iv) to manage the investments held by the Benefit Plan. The selection of investment options is determined using criteria based on the following characteristics: fund history, relative performance, investment style, portfolio structure, manager tenure, minimum assets, expenses and operation considerations. Investment options selected for use in the Benefit Plan are reviewed at least on a semi-annual basis to evaluate material changes from the selection criteria. Asset allocation is used to determine how the investment portfolio should be split between stocks, bonds and cash. The asset allocation decision is influenced by investment time horizon; risk tolerance; and investment return objectives. The primary factor in establishing asset allocation is demographics of the Benefit Plan. A broad market diversification model is used in considering all these factors, and the percentage allocation to each investment category may The fair value of plan assets was determined based on publicly quoted market prices for identical assets as of the December 31, 2021, 1 Fair Value Asset Allocation Cash and short-term investments $ 26,246 60.1 % Large company funds 7,130 16.3 % Mid company funds 662 1.5 % Small company funds 1,958 4.5 % International funds 1,972 4.5 % Fixed income funds 4,260 9.8 % Growth funds 1,425 3.3 % Total $ 43,653 100.0 % Concentrations of risk within the equity portfolio are investments classified within the following sectors: technology, healthcare, consumer cyclical goods, financial services, and communication services, which represent approximately 24%, 15%, 14%, 14% and 11% of total equity investments, respectively. |
Note 24 - Income Taxes
Note 24 - Income Taxes | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | 24. 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, 2021, 2020 2019 2021 2020 2019 (Estimated) (Actual) (Actual) GAAP net income attributable to the Company $ 844,059 $ 1,000,833 $ 410,605 GAAP net (income)/loss attributable to TRSs (24,502 ) (956 ) 1,119 GAAP net income from REIT operations (1) 819,557 999,877 411,724 Net book depreciation in excess of tax depreciation 70,792 (55,072 ) 55,903 Deferred/prepaid/above-market and below-market rents, net (33,580 ) (16,632 ) (33,287 ) Fair market value debt amortization (18,079 ) (3,847 ) (4,510 ) Book/tax differences from executive compensation 19,882 10,388 6,026 Book/tax differences from non-qualified stock options (1,069 ) (231 ) (1,121 ) Book/tax differences from defined benefit plan (2,948 ) - - Book/tax differences from investments in and advances to real estate joint ventures 25,502 40,176 4,837 Book/tax differences from sale of properties (51,951 ) (10,547 ) (13,830 ) Book/tax differences from accounts receivable (19,971 ) 44,193 1,573 Book adjustment to property carrying values and marketable equity securities (499,996 ) (589,698 ) 37,709 Taxable currency exchange gain/(loss), net 882 (29 ) (33 ) Tangible property regulation deduction - (48,194 ) - GAAP gain on change in control of joint venture interests (5,607 ) - (137 ) Dividends from TRSs 23,314 2 3,331 Severance accrual (5,358 ) 5,874 (475 ) Other book/tax differences, net (2) (21,955 ) 802 (3,946 ) Adjusted REIT taxable income $ 299,415 $ 377,062 $ 463,764 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 Includes Merger related costs of $20.7 million for the year ended December 31, 2021. Characterization of Distributions The following characterizes distributions paid for tax purposes for the years ended December 31, 2021, 2020 2019, 2021 2020 2019 Preferred I Dividends Ordinary income $ - - $ - - $ 7,389 77 % Capital gain - - - - 2,207 23 % $ - - $ - - $ 9,596 100 % Preferred J Dividends Ordinary income $ - - $ - - $ 11,541 77 % Capital gain - - - - 3,447 23 % $ - - $ - - $ 14,988 100 % Preferred K Dividends Ordinary income $ - - $ - - $ 6,927 77 % Capital gain - - - - 2,069 23 % $ - - $ - - $ 8,996 100 % Preferred L Dividends Ordinary income $ 11,185 97 % $ 4,382 38 % $ 8,879 77 % Capital gain 346 3 % 7,149 62 % 2,652 23 % $ 11,531 100 % $ 11,531 100 % $ 11,531 100 % Preferred M Dividends Ordinary income $ 13,469 97 % $ 5,277 38 % $ 10,692 77 % Capital gain 417 3 % 8,609 62 % 3,194 23 % $ 13,886 100 % $ 13,886 100 % $ 13,886 100 % Common Dividends Ordinary income $ 273,272 77 % $ 133,849 38 % $ 328,726 70 % Capital gain 10,647 3 % 214,863 61 % 98,618 21 % Return of capital 70,980 20 % 3,522 1 % 42,265 9 % $ 354,899 100 % $ 352,234 100 % $ 469,609 100 % Total dividends distributed for tax purposes $ 380,316 $ 377,651 $ 528,606 For the years ended December 31, 2021, 2020 2019 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 Company’s TRSs include Kimco Realty Services II, Inc. (“KRS”), FNC Realty Corporation, Kimco Insurance Company (collectively “KRS Consolidated”) and the consolidated entity, Blue Ridge Real Estate Company/Big Boulder Corporation. In connection with the Merger, the Company acquired Weingarten Investment Inc. (“WII”), a TRS of Weingarten. The Company is 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 Company’s pre-tax book income/(loss) and (provision)/benefit for income taxes relating to the Company’s TRSs and taxable entities which have been consolidated for accounting reporting purposes, for the years ended December 31, 2021, 2020 2019, 2021 2020 2019 Income/(loss) before income taxes – U.S. $ 26,421 $ 1,051 $ (1,682 ) (Provision)/benefit for income taxes, net: Federal: Current (2,656 ) (482 ) 3,362 Deferred 312 539 (349 ) Federal tax (provision)/benefit (2,344 ) 57 3,013 State and local: Current (456 ) (48 ) (26 ) Deferred 48 34 (19 ) State and local tax provision (408 ) (14 ) (45 ) Total tax (provision)/benefit – U.S. (2,752 ) 43 2,968 Net income from U.S. TRSs $ 23,669 $ 1,094 $ 1,286 Loss before taxes – Non-U.S. $ (63 ) $ (64 ) $ (599 ) (Provision)/benefit for Non-U.S. income taxes: Current $ - $ 479 $ (69 ) Deferred (529 ) - 418 Non-U.S. tax (provision)/benefit $ (529 ) $ 479 $ 349 In addition, the Company’s Provision for income taxes, net includes $0.1 million and $1.5 million of estimated state and local tax provision related to the REIT operations during the years ended December 31, 2021 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): 2021 2020 2019 Federal (provision)/benefit at statutory tax rate (1) $ (5,548 ) $ (221 ) $ 3,010 State and local provision, net of federal benefit (2) 2,796 (1,236 ) (42 ) Total tax (provision)/benefit – U.S. $ (2,752 ) $ (1,457 ) $ 2,968 ( 1 The year ended December 31, 2019 ( 2 The year ended December 31, 2020 Deferred Tax Assets, Liabilities and Valuation Allowances The Company’s deferred tax assets and liabilities at December 31, 2021 2020, 2021 2020 Deferred tax assets: Tax/GAAP basis differences $ 3,286 $ 29,105 Net operating losses (1) 4,580 17,885 Tax credit carryforwards (2) 2,340 2,340 Related party deferred losses - 619 Charitable contribution carryforwards - 23 Valuation allowance (4,067 ) (36,957 ) Total deferred tax assets 6,139 13,015 Deferred tax liabilities (8,058 ) (12,765 ) Net deferred tax (liabilities)/assets $ (1,919 ) $ 250 ( 1 Net operating losses expire in 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 Company’s Consolidated Balance Sheets at December 31, 2021 2020. 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 TRS 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 August 1, 2021, no 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, 2021 2020, not December 31, 2021, 12 In August 2016, 36 32 4 32 2007 2008. no no September 2018 April 2019, fourth 2019, 36 18 one 35 fourth 2021, 5 no no not |
Note 25 - Captive Insurance Com
Note 25 - Captive Insurance Company | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Captive Insurance Disclosure [Text Block] | 25. Captive Insurance Company: In October 2007, third third may third may not From October 1, 2007 December 31, 2021, first September 30, 2008 February 1, 2023. not In connection with the Merger, the Company acquired U.S. Fire & Indemnity Company (“US Fire”), a capitve insurance company which was wholly owned by Weingarten. US Fire began providing direct coverage to Weingarten with limits of $100,000 per occurrence for all other perils except for flood, named windstorm and earthquake, which had a $5,000,000 annual aggregate. The coverage was cancelled upon the effective date of the Merger. In addition, US Fire assumed general liability coverage from a third December 15, 2021, As of December 31, 2021, Activity in the liability for unpaid losses and loss adjustment expenses for the years ended December 31, 2021 2020, 2021 2020 Balance at the beginning of the year $ 13,742 $ 15,664 Incurred related to: Current year 5,375 3,693 Prior years (1) 5,281 (179 ) Total incurred 10,656 3,514 Paid related to: Current year (759 ) (450 ) Prior years (3,984 ) (4,986 ) Total paid (4,743 ) (5,436 ) Balance at the end of the year $ 19,655 $ 13,742 ( 1 During 2021, 2020, |
Note 26 - Accumulated Other Com
Note 26 - Accumulated Other Comprehensive Income ("AOCI") | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Comprehensive Income (Loss) Note [Text Block] | 26. Accumulated Other Comprehensive Income ( AOCI ): The following table displays the change in the components of AOCI for the year ended December 31, 2021: Unrealized Gains Related to Defined Benefit Plan Balance as of January 1, 2021 $ - Other comprehensive income before reclassifications 2,216 Amounts reclassified from AOCI - Net current-period other comprehensive income 2,216 Balance as of December 31, 2021 $ 2,216 |
Note 27 - Earnings Per Share
Note 27 - Earnings Per Share | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 27. 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, 2021 2020 2019 Computation of Basic and Diluted Earnings Per Share: Net income available to the Company's common shareholders $ 818,643 $ 975,417 $ 339,988 Change in estimated redemption value of redeemable noncontrolling interests 2,304 2,160 - Earnings attributable to participating securities (5,346 ) (6,347 ) (2,599 ) Net income available to the Company’s common shareholders for basic earnings per share 815,601 971,230 337,389 Distributions on convertible units 3,087 161 30 Net income available to the Company’s common shareholders for diluted earnings per share $ 818,688 $ 971,391 $ 337,419 Weighted average common shares outstanding – basic 506,248 429,950 420,370 Effect of dilutive securities (1): Equity awards 2,422 1,475 1,365 Assumed conversion of convertible units 2,715 208 64 Weighted average common shares outstanding – diluted 511,385 431,633 421,799 Net income available to the Company's common shareholders: Basic earnings per share $ 1.61 $ 2.26 $ 0.80 Diluted earnings per share $ 1.60 $ 2.25 $ 0.80 ( 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, 2021, 2020 2019, 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 |
Schedule II - Valuation and Qua
Schedule II - Valuation and Qualifying Accounts | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
SEC Schedule, 12-09, Schedule of Valuation and Qualifying Accounts Disclosure [Text Block] | SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS For Years Ended December 31, 2021, 2020 2019 Balance at beginning of period Charged to expenses Adjustments to valuation accounts Deductions Balance at end of period Year Ended December 31, 2021 Allowance for uncollectable accounts (1) $ 22,377 $ - $ - $ (14,038 ) $ 8,339 Allowance for deferred tax asset $ 36,957 $ - $ (32,890 ) $ - $ 4,067 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 ( 1 Includes allowances on accounts receivable and straight-line rents. |
Schedule III - Real Estate and
Schedule III - Real Estate and Accumulated Depreciation | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Text Block] | SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION December 31, 2021 (in thousands) INITIAL COST COST CAPITALIZED SUBSEQUENT TO TOTAL COST, NET OF DATE OF DESCRIPTION State LAND BUILDING AND IMPROVEMENTS ACQUISITION (1) LAND BUILDING AND IMPROVEMENTS TOTAL ACCUMULATED DEPRECIATION ACCUMULATED DEPRECIATION ENCUMBRANCES (2) ACQUISITION(A) CONSTRUCTION(C) SHOPPING CENTERS ARCADIA BILTMORE PLAZA AZ $ 850 $ 1,212 $ - $ 850 $ 1,212 $ 2,062 $ 56 $ 2,006 $ - 2021(A) BELL CAMINO CENTER AZ 2,427 6,439 956 2,427 7,395 9,822 2,580 7,242 - 2012(A) BELL CAMINO-SAFEWAY PARCEL AZ 1,104 4,574 - 1,104 4,574 5,678 400 5,278 - 2019(A) BROADWAY MARKETPLACE AZ 3,517 10,303 1 3,518 10,303 13,821 334 13,487 - 2021(A) CAMELBACK MILLER PLAZA AZ 6,236 29,230 425 6,237 29,654 35,891 859 35,032 - 2021(A) CAMELBACK VILLAGE SQUARE AZ - 13,038 - - 13,038 13,038 383 12,655 - 2021(A) CHRISTOWN SPECTRUM AZ 33,831 91,004 14,816 76,639 63,012 139,651 17,396 122,255 - 2015(A) COLLEGE PARK SHOPPING CENTER AZ 3,277 7,741 1,233 3,277 8,974 12,251 3,382 8,869 - 2011(A) DESERT VILLAGE AZ 6,465 22,025 18 6,465 22,043 28,508 682 27,826 - 2021(A) ENTRADA DE ORO PLAZA AZ 5,700 11,044 33 5,700 11,077 16,777 401 16,376 - 2021(A) FOUNTAIN PLAZA AZ 4,794 20,373 - 4,794 20,373 25,167 369 24,798 - 2021(A) MADERA VILLAGE AZ 3,980 8,110 (35 ) 3,980 8,075 12,055 215 11,840 - 2021(A) MADISON VILLAGE MARKETPLACE AZ 4,090 18,343 107 4,090 18,450 22,540 515 22,025 - 2021(A) MESA RIVERVIEW AZ 15,000 - 141,984 308 156,676 156,984 71,657 85,327 - 2005(C) METRO SQUARE AZ 4,101 16,411 2,391 4,101 18,802 22,903 11,070 11,833 - 1998(A) MONTE VISTA VILLAGE CENTER AZ 4,064 8,344 4 4,064 8,348 12,412 208 12,204 - 2021(A) NORTH VALLEY AZ 6,862 18,201 14,501 4,796 34,768 39,564 7,283 32,281 - 2011(A) PLAZA AT MOUNTAINSIDE AZ 2,450 9,802 2,444 2,450 12,246 14,696 7,755 6,941 - 1997(A) PLAZA DEL SOL AZ 5,325 21,270 1,766 4,578 23,783 28,361 10,966 17,395 - 1998(A) PUEBLO ANOZIRA AZ 7,734 27,063 39 7,734 27,102 34,836 728 34,108 12,617 2021(A) RAINTREE RANCH CENTER AZ 7,720 30,743 11 7,720 30,754 38,474 663 37,811 - 2021(A) RED MOUNTAIN GATEWAY AZ 4,653 10,410 (55 ) 4,653 10,355 15,008 463 14,545 - 2021(A) SCOTTSDALE HORIZON AZ 8,191 36,728 56 8,191 36,784 44,975 953 44,022 - 2021(A) SCOTTSDALE WATERFRONT AZ 15,872 30,112 - 15,872 30,112 45,984 753 45,231 - 2021(A) SHOPPES AT BEARS PATH AZ 3,445 2,874 - 3,445 2,874 6,319 155 6,164 - 2021(A) SQUAW PEAK PLAZA AZ 2,515 17,021 - 2,515 17,021 19,536 455 19,081 - 2021(A) VILLAGE CROSSROADS AZ 5,663 24,981 1,221 5,663 26,202 31,865 7,730 24,135 - 2011(A) 280 METRO CENTER CA 38,735 94,903 80 38,735 94,983 133,718 17,862 115,856 - 2015(A) 580 MARKET PLACE CA 12,769 48,768 14 12,769 48,782 61,551 894 60,657 - 2021(A) 8000 SUNSET STRIP S.C. CA 43,012 85,115 779 43,012 85,894 128,906 2,801 126,105 - 2021(A) AAA BUILDING AT STEVENS CREEK CA 1,661 3,114 - 1,661 3,114 4,775 57 4,718 - 2021(A) ANAHEIM PLAZA CA 34,228 73,765 261 34,228 74,026 108,254 1,366 106,888 - 2021(A) BLACK MOUNTAIN VILLAGE CA 4,678 11,913 2,066 4,678 13,979 18,657 5,628 13,029 - 2007(A) BROOKHURST CENTER CA 10,493 31,358 4,279 22,300 23,830 46,130 5,758 40,372 - 2016(A) BROOKVALE SHOPPING CENTER CA 14,050 19,771 14 14,050 19,785 33,835 326 33,509 - 2021(A) CAMBRIAN PARK PLAZA CA 41,258 2,015 459 41,258 2,474 43,732 1,314 42,418 - 2021(A) CENTERWOOD PLAZA CA 10,981 10,702 (13 ) 10,981 10,689 21,670 287 21,383 - 2021(A) CHICO CROSSROADS CA 9,976 30,535 (5,301 ) 7,905 27,305 35,210 11,630 23,580 - 2008(A) CHINO HILLS MARKETPLACE CA 17,702 72,529 64 17,702 72,593 90,295 1,821 88,474 - 2021(A) CITY HEIGHTS CA 10,687 28,325 (500 ) 13,909 24,603 38,512 5,788 32,724 - 2012(A) CORONA HILLS PLAZA CA 13,361 53,373 11,568 13,361 64,941 78,302 39,950 38,352 - 1998(A) COSTCO PLAZA - 541 CA 4,996 19,983 593 4,996 20,576 25,572 12,605 12,967 - 1998(A) CREEKSIDE CENTER CA 3,871 11,563 532 5,154 10,812 15,966 1,737 14,229 - 2016(A) CROCKER RANCH CA 7,526 24,878 109 7,526 24,987 32,513 5,297 27,216 - 2015(A) CUPERTINO VILLAGE CA 19,886 46,535 27,312 19,886 73,847 93,733 25,083 68,650 - 2006(A) EL CAMINO PROMENADE CA 7,372 37,592 61 7,372 37,653 45,025 741 44,284 - 2021(A) FREEDOM CENTRE CA 8,933 18,622 107 8,933 18,729 27,662 555 27,107 - 2021(A) FULTON MARKET PLACE CA 2,966 6,921 16,632 6,280 20,239 26,519 5,671 20,848 - 2005(A) GATEWAY AT DONNER PASS CA 4,516 8,319 14,359 8,759 18,435 27,194 2,937 24,257 - 2015(A) GATEWAY PLAZA CA 18,372 65,851 - 18,372 65,851 84,223 1,475 82,748 24,298 2021(A) GREENHOUSE MARKETPLACE CA 10,976 27,721 - 10,976 27,721 38,697 881 37,816 - 2021(A) GREENHOUSE MARKETPLACE II CA 5,346 7,188 (16 ) 5,346 7,172 12,518 252 12,266 - 2021(A) HOME DEPOT PLAZA CA 4,592 18,345 - 4,592 18,345 22,937 11,256 11,681 - 1998(A) KENNETH HAHN PLAZA CA 4,115 7,661 (840 ) - 10,936 10,936 4,410 6,526 - 2010(A) LA MIRADA THEATRE CENTER CA 8,817 35,260 (296 ) 6,889 36,892 43,781 21,432 22,349 - 1998(A) LA VERNE TOWN CENTER CA 8,414 23,856 12,491 16,362 28,399 44,761 7,210 37,551 - 2014(A) LABAND VILLAGE SHOPPING CENTER CA 5,600 13,289 (1,026 ) 5,607 12,256 17,863 6,726 11,137 - 2008(A) LAKEWOOD PLAZA CA 1,294 3,669 (3,415 ) - 1,548 1,548 926 622 - 2014(A) LAKEWOOD VILLAGE CA 8,597 24,375 (589 ) 11,683 20,700 32,383 5,960 26,423 - 2014(A) LINCOLN HILLS TOWN CENTER CA 8,229 26,127 518 8,229 26,645 34,874 6,696 28,178 - 2015(A) LINDA MAR SHOPPING CENTER CA 16,549 37,521 5,185 16,549 42,706 59,255 11,151 48,104 - 2014(A) MADISON PLAZA CA 5,874 23,476 4,861 5,874 28,337 34,211 14,694 19,517 - 1998(A) NORTH COUNTY PLAZA CA 10,205 28,934 14 20,895 18,258 39,153 4,908 34,245 - 2014(A) NOVATO FAIR S.C. CA 9,260 15,600 1,965 9,260 17,565 26,825 7,553 19,272 - 2009(A) ON THE CORNER AT STEVENS CREEK CA 1,825 4,641 - 1,825 4,641 6,466 146 6,320 - 2021(A) PLAZA DI NORTHRIDGE CA 12,900 40,575 1,007 12,900 41,582 54,482 16,930 37,552 - 2005(A) POWAY CITY CENTRE CA 5,855 13,792 9,165 7,248 21,564 28,812 10,680 18,132 - 2005(A) RANCHO PENASQUITOS TOWNE CTR I CA 14,852 20,342 758 14,852 21,100 35,952 4,609 31,343 - 2015(A) RANCHO PENASQUITOS TWN CTR II CA 12,945 20,324 795 12,945 21,119 34,064 4,456 29,608 - 2015(A) RANCHO PENASQUITOS-VONS PROP. CA 2,918 9,146 - 2,918 9,146 12,064 745 11,319 - 2019(A) RANCHO SAN MARCOS VILLAGE CA 9,050 29,357 131 9,050 29,488 38,538 616 37,922 - 2021(A) REDWOOD CITY PLAZA CA 2,552 6,215 5,961 2,552 12,176 14,728 2,984 11,744 - 2009(A) SAN DIEGO CARMEL MOUNTAIN CA 5,323 8,874 (1,956 ) 5,323 6,918 12,241 2,447 9,794 - 2009(A) SAN MARCOS PLAZA CA 1,883 12,044 812 1,883 12,856 14,739 307 14,432 - 2021(A) SANTEE TROLLEY SQUARE CA 40,209 62,964 (311 ) 40,209 62,653 102,862 20,184 82,678 - 2015(A) SILVER CREEK PLAZA CA 33,541 53,176 (24 ) 33,541 53,152 86,693 1,185 85,508 - 2021(A) SOUTH NAPA MARKET PLACE CA 1,100 22,159 21,406 23,119 21,546 44,665 13,513 31,152 - 2006(A) SOUTHAMPTON CENTER CA 10,289 64,096 108 10,289 64,204 74,493 1,389 73,104 20,852 2021(A) STANFORD RANCH CA 10,584 30,007 2,882 9,983 33,490 43,473 6,964 36,509 - 2014(A) STEVENS CREEK CENTRAL S.C. CA 41,818 45,886 26 41,818 45,912 87,730 1,188 86,542 - 2021(A) STONY POINT PLAZA CA 10,361 38,054 (31 ) 10,361 38,023 48,384 945 47,439 - 2021(A) TRUCKEE CROSSROADS CA 2,140 28,325 (18,544 ) 2,140 9,781 11,921 6,231 5,690 839 2006(A) WESTLAKE SHOPPING CENTER CA 16,174 64,819 108,258 16,174 173,077 189,251 68,985 120,266 - 2002(A) WESTMINSTER CENTER CA 60,428 64,973 69 60,428 65,042 125,470 3,557 121,913 50,022 2021(A) WHITTWOOD TOWN CENTER CA 57,136 105,815 3,807 57,139 109,619 166,758 21,469 145,289 - 2017(A) CROSSING AT STONEGATE CO 11,909 33,111 37 11,909 33,148 45,057 730 44,327 - 2021(A) DENVER WEST 38TH STREET CO 161 647 455 161 1,102 1,263 598 665 - 1998(A) EAST BANK S.C. CO 1,501 6,180 4,941 1,501 11,121 12,622 4,637 7,985 - 1998(A) EDGEWATER MARKETPLACE CO 7,807 32,706 70 7,807 32,776 40,583 548 40,035 - 2021(A) ENGLEWOOD PLAZA CO 806 3,233 991 806 4,224 5,030 2,426 2,604 - 1998(A) GREELEY COMMONS CO 3,313 20,070 1,896 3,313 21,966 25,279 6,031 19,248 - 2012(A) HERITAGE WEST S.C. CO 1,527 6,124 2,562 1,527 8,686 10,213 4,810 5,403 - 1998(A) HIGHLANDS RANCH II CO 3,515 11,756 1,211 3,515 12,967 16,482 3,949 12,533 - 2013(A) HIGHLANDS RANCH VILLAGE S.C. CO 8,135 21,580 1,147 5,337 25,525 30,862 6,338 24,524 - 2011(A) LOWRY TOWN CENTER CO 3,271 32,685 116 3,271 32,801 36,072 704 35,368 - 2021(A) MARKET AT SOUTHPARK CO 9,783 20,780 4,943 9,783 25,723 35,506 6,694 28,812 - 2011(A) NORTHRIDGE SHOPPING CENTER CO 4,933 16,496 2,839 8,934 15,334 24,268 3,918 20,350 - 2013(A) QUINCY PLACE S.C. CO 1,148 4,608 2,540 1,148 7,148 8,296 4,352 3,944 - 1998(A) RIVER POINT AT SHERIDAN CO 13,223 30,444 646 13,223 31,090 44,313 1,385 42,928 - 2021(A) RIVER POINT AT SHERIDAN II CO 1,255 4,231 - 1,255 4,231 5,486 94 5,392 - 2021(A) VILLAGE CENTER - HIGHLAND RANCH CO 1,140 2,660 284 1,140 2,944 4,084 609 3,475 - 2014(A) VILLAGE CENTER WEST CO 2,011 8,361 641 2,011 9,002 11,013 2,204 8,809 - 2011(A) VILLAGE ON THE PARK CO 2,194 8,886 19,894 3,018 27,956 30,974 7,874 23,100 - 1998(A) BRIGHT HORIZONS CT 1,212 4,611 83 1,212 4,694 5,906 1,484 4,422 - 2012(A) HAMDEN MART CT 13,668 40,890 6,338 14,226 46,670 60,896 10,853 50,043 17,705 2016(A) HOME DEPOT PLAZA CT 7,705 30,798 3,803 7,705 34,601 42,306 19,570 22,736 - 1998(A) NEWTOWN S.C. CT - 15,635 420 - 16,055 16,055 3,211 12,844 - 2014(A) WEST FARM SHOPPING CENTER CT 5,806 23,348 19,621 7,585 41,190 48,775 20,543 28,232 - 1998(A) WILTON CAMPUS CT 10,169 31,893 2,858 10,169 34,751 44,920 10,220 34,700 - 2013(A) WILTON RIVER PARK SHOPPING CTR CT 7,155 27,509 609 7,155 28,118 35,273 7,129 28,144 - 2012(A) BRANDYWINE COMMONS DE - 36,057 (936 ) - 35,121 35,121 8,055 27,066 - 2014(A) CAMDEN SQUARE DE 123 67 4,732 3,024 1,898 4,922 284 4,638 - 2003(A) PROMENADE AT CHRISTIANA DE 14,372 - 6,116 8,340 12,148 20,488 624 19,864 - 2014(C) ARGYLE VILLAGE FL 5,228 36,814 (10 ) 5,228 36,804 42,032 972 41,060 - 2021(A) BELMART PLAZA FL 1,656 3,394 5,722 1,656 9,116 10,772 1,738 9,034 - 2014(A) BOCA LYONS PLAZA FL 13,280 37,751 29 13,280 37,780 51,060 751 50,309 - 2021(A) CAMINO SQUARE FL 574 2,296 (413 ) 734 1,723 2,457 - 2,457 - 1992(A) CARROLLWOOD COMMONS FL 5,220 16,884 3,870 5,220 20,754 25,974 11,873 14,101 - 1997(A) CENTER AT MISSOURI AVENUE FL 294 792 7,412 294 8,204 8,498 2,556 5,942 - 1968(C) CHEVRON OUTPARCEL FL 531 1,253 - 531 1,253 1,784 443 1,341 - 2010(A) COLONIAL PLAZA FL 25,516 54,604 3,762 25,516 58,366 83,882 1,938 81,944 - 2021(A) CORAL POINTE S.C. FL 2,412 20,508 582 2,412 21,090 23,502 4,529 18,973 - 2015(A) CORAL SQUARE PROMENADE FL 710 2,843 4,136 710 6,979 7,689 4,640 3,049 - 1994(A) CORSICA SQUARE S.C. FL 7,225 10,757 292 7,225 11,049 18,274 2,508 15,766 - 2015(A) COUNTRYSIDE CENTRE FL 11,116 41,581 322 11,116 41,903 53,019 1,447 51,572 - 2021(A) CURLEW CROSSING SHOPPING CTR FL 5,316 12,529 3,004 5,316 15,533 20,849 7,404 13,445 - 2005(A) DANIA POINTE FL 105,113 - 34,796 26,094 113,815 139,909 7,264 132,645 - 2016(C) DANIA POINTE - PHASE II (3) FL - - 261,609 26,550 235,059 261,609 7,406 254,203 - 2016(C) EMBASSY LAKES FL 6,565 18,104 - 6,565 18,104 24,669 357 24,312 - 2021(A) FLAGLER PARK FL 26,163 80,737 6,449 26,725 86,624 113,349 30,326 83,023 - 2007(A) FT LAUDERDALE #1, FL FL 1,003 2,602 16,713 1,774 18,544 20,318 11,768 8,550 - 1974(C) FT. LAUDERDALE/CYPRESS CREEK FL 14,259 28,042 4,135 14,259 32,177 46,436 12,733 33,703 - 2009(A) GRAND OAKS VILLAGE FL 7,409 19,654 (36 ) 5,846 21,181 27,027 5,717 21,310 - 2011(A) GROVE GATE S.C. FL 366 1,049 793 366 1,842 2,208 1,658 550 - 1968(C) IVES DAIRY CROSSING FL 733 4,080 11,483 721 15,575 16,296 10,671 5,625 - 1985(A) KENDALE LAKES PLAZA FL 18,491 28,496 (785 ) 15,362 30,840 46,202 10,356 35,846 - 2009(A) LARGO PLAZA FL 23,571 63,604 84 23,571 63,688 87,259 1,917 85,342 - 2021(A) MAPLEWOOD PLAZA FL 1,649 6,626 1,883 1,649 8,509 10,158 4,991 5,167 - 1997(A) MARATHON SHOPPING CENTER FL 2,413 8,069 1,634 1,515 10,601 12,116 2,620 9,496 - 2013(A) MERCHANTS WALK FL 2,581 10,366 10,577 2,581 20,943 23,524 11,594 11,930 - 2001(A) MILLENIA PLAZA PHASE II FL 7,711 20,703 4,994 7,698 25,710 33,408 10,303 23,105 - 2009(A) MILLER ROAD S.C. FL 1,138 4,552 4,682 1,138 9,234 10,372 6,344 4,028 - 1986(A) MILLER WEST PLAZA FL 6,726 10,661 312 6,726 10,973 17,699 2,427 15,272 - 2015(A) MISSION BELL SHOPPING CENTER FL 5,056 11,843 8,727 5,067 20,559 25,626 8,468 17,158 - 2004(A) NASA PLAZA FL - 1,754 4,682 - 6,436 6,436 4,381 2,055 - 1968(C) OAK TREE PLAZA FL - 917 2,533 - 3,450 3,450 2,727 723 - 1968(C) OAKWOOD BUSINESS CTR-BLDG 1 FL 6,793 18,663 3,578 6,793 22,241 29,034 8,378 20,656 - 2009(A) OAKWOOD PLAZA NORTH FL 35,301 141,731 (716 ) 35,301 141,015 176,316 23,678 152,638 - 2016(A) OAKWOOD PLAZA SOUTH FL 11,127 40,592 (155 ) 11,127 40,437 51,564 7,552 44,012 - 2016(A) PALMS AT TOWN & COUNTRY FL 30,137 94,674 2 30,137 94,676 124,813 2,195 122,618 - 2021(A) PALMS AT TOWN & COUNTRY LIFESTYLE FL 26,597 92,088 46 26,597 92,134 118,731 2,231 116,500 - 2021(A) PARK HILL PLAZA FL 10,764 19,264 1,214 10,764 20,478 31,242 5,703 25,539 - 2011(A) PHILLIPS CROSSING FL - 53,536 51 - 53,587 53,587 1,114 52,473 - 2021(A) PLANTATION CROSSING FL 2,782 8,077 2,633 2,782 10,710 13,492 1,750 11,742 - 2017(A) POMPANO POINTE S.C. FL 10,517 14,356 628 10,517 14,984 25,501 2,410 23,091 - 2012(A) RENAISSANCE CENTER FL 9,104 36,541 14,476 9,123 50,998 60,121 24,146 35,975 - 1998(A) RIVERPLACE SHOPPING CTR. FL 7,503 31,011 2,167 7,200 33,481 40,681 12,073 28,608 - 2010(A) RIVERSIDE LANDINGS S.C. FL 3,512 14,440 454 3,512 14,894 18,406 3,108 15,298 - 2015(A) SEA RANCH CENTRE FL 3,298 21,259 48 3,298 21,307 24,605 512 24,093 - 2021(A) SHOPPES AT DEERFIELD FL 19,069 69,485 20 19,069 69,505 88,574 1,843 86,731 - 2021(A) SHOPPES AT DEERFIELD II FL 788 6,388 - 788 6,388 7,176 123 7,053 - 2021(A) SHOPS AT SANTA BARBARA PHASE 1 FL 743 5,374 243 743 5,617 6,360 1,215 5,145 - 2015(A) SHOPS AT SANTA BARBARA PHASE 2 FL 332 2,489 46 332 2,535 2,867 585 2,282 - 2015(A) SHOPS AT SANTA BARBARA PHASE 3 FL 330 2,359 49 330 2,408 2,738 510 2,228 - 2015(A) SODO S.C. FL - 68,139 5,733 142 73,730 73,872 24,057 49,815 - 2008(A) SOUTH MIAMI S.C. FL 1,280 5,134 4,664 1,280 9,798 11,078 5,550 5,528 - 1995(A) SUNSET 19 S.C. FL 12,460 55,354 - 12,460 55,354 67,814 1,438 66,376 - 2021(A) TJ MAXX PLAZA FL 10,341 38,660 72 10,341 38,732 49,073 918 48,155 - 2021(A) TRI-CITY PLAZA FL 2,832 11,329 23,671 2,832 35,000 37,832 7,793 30,039 - 1992(A) TUTTLEBEE PLAZA FL 255 828 2,478 255 3,306 3,561 2,269 1,292 - 2008(A) UNIVERSITY TOWN CENTER FL 5,515 13,041 683 5,515 13,724 19,239 4,583 14,656 - 2011(A) VILLAGE COMMONS S.C. FL 2,026 5,106 2,056 2,026 7,162 9,188 2,114 7,074 - 2013(A) VILLAGE COMMONS SHOPPING CENTER FL 2,192 8,774 5,510 2,192 14,284 16,476 7,721 8,755 - 1998(A) VILLAGE GREEN CENTER FL 11,405 13,466 - 11,405 13,466 24,871 391 24,480 17,753 2021(A) VIZCAYA SQUARE FL 5,773 20,965 - 5,773 20,965 26,738 515 26,223 - 2021(A) WELLINGTON GREEN COMMONS FL 19,528 32,521 - 19,528 32,521 52,049 726 51,323 16,066 2021(A) WELLINGTON GREEN PAD SITES FL 3,854 1,777 1,007 3,854 2,784 6,638 84 6,554 - 2021(A) WINN DIXIE-MIAMI FL 2,990 9,410 (52 ) 3,544 8,804 12,348 1,775 10,573 - 2013(A) WINTER PARK CORNERS FL 5,191 42,530 11 5,191 42,541 47,732 729 47,003 - 2021(A) BRAELINN VILLAGE GA 7,315 20,739 (569 ) 3,731 23,754 27,485 5,398 22,087 - 2014(A) BROWNSVILLE COMMONS GA 593 5,488 - 593 5,488 6,081 142 5,939 - 2021(A) CAMP CREEK MARKETPLACE II GA 4,441 38,596 - 4,441 38,596 43,037 1,205 41,832 - 2021(A) CHATHAM PLAZA GA 13,390 35,116 1,976 13,403 37,079 50,482 15,020 35,462 - 2008(A) EMBRY VILLAGE GA 18,147 33,010 4,422 18,161 37,418 55,579 24,425 31,154 - 2008(A) GRAYSON COMMONS GA 2,600 13,358 - 2,600 13,358 15,958 574 15,384 3,011 2021(A) LAKESIDE MARKETPLACE GA 2,238 28,579 149 2,238 28,728 30,966 702 30,264 - 2021(A) LAWRENCEVILLE MARKET GA 8,878 29,691 1,084 9,060 30,593 39,653 8,800 30,853 - 2013(A) MARKET AT HAYNES BRIDGE GA 4,881 21,549 1,656 4,890 23,196 28,086 9,130 18,956 - 2008(A) PERIMETER EXPO PROPERTY GA 14,770 44,295 2,489 16,142 45,412 61,554 8,687 52,867 - 2016(A) PERIMETER VILLAGE GA 5,418 67,522 - 5,418 67,522 72,940 1,531 71,409 27,757 2021(A) RIVERWALK MARKETPLACE GA 3,512 18,863 148 3,512 19,011 22,523 3,436 19,087 - 2015(A) ROSWELL CORNERS GA 4,536 47,054 - 4,536 47,054 51,590 965 50,625 - 2021(A) ROSWELL CROSSING GA 6,270 45,338 - 6,270 45,338 51,608 989 50,619 - 2021(A) SAVANNAH CENTER GA 2,052 8,233 5,538 2,052 13,771 15,823 8,711 7,112 - 1993(A) THOMPSON BRIDGE COMMONS GA 414 1,576 - 414 1,576 1,990 19 1,971 - 2021(A) CLIVE PLAZA IA 501 2,002 - 501 2,002 2,503 1,330 1,173 - 1996(A) HAWTHORN HILLS SQUARE IL 6,784 33,034 3,258 6,784 36,292 43,076 11,681 31,395 - 2012(A) PLAZA DEL PRADO IL 10,204 28,410 1,923 10,204 30,333 40,537 6,104 34,433 - 2017(A) SKOKIE POINTE IL - 2,276 9,713 2,628 9,361 11,989 4,931 7,058 - 1997(A) GREENWOOD S.C. IN 423 1,883 20,577 1,641 21,242 22,883 4,931 17,952 - 1970(C) LINWOOD SQUARE IN 3,411 8,687 888 3,411 9,575 12,986 715 12,271 4,805 2019(A) FESTIVAL ON JEFFERSON COURT KY 5,627 26,790 225 5,627 27,015 32,642 827 31,815 - 2021(A) ADAMS PLAZA MA 2,089 3,227 179 2,089 3,406 5,495 824 4,671 - 2014(A) BROADWAY PLAZA MA 6,485 343 - 6,485 343 6,828 194 6,634 - 2014(A) FALMOUTH PLAZA MA 2,361 13,066 1,819 2,361 14,885 17,246 3,239 14,007 - 2014(A) FELLSWAY PLAZA MA 5,300 11,014 1,203 5,300 12,217 17,517 2,482 15,035 - 2014(A) FESTIVAL OF HYANNIS S.C. MA 15,038 40,683 1,818 15,038 42,501 57,539 10,767 46,772 - 2014(A) GLENDALE SQUARE MA 4,699 7,141 393 4,699 7,534 12,233 1,907 10,326 - 2014(A) LINDEN PLAZA MA 4,628 3,535 607 4,628 4,142 8,770 1,562 7,208 - 2014(A) MAIN ST. PLAZA MA 556 2,139 (33 ) 523 2,139 2,662 619 2,043 - 2014(A) MEMORIAL PLAZA MA 16,411 27,554 1,008 16,411 28,562 44,973 5,762 39,211 - 2014(A) MILL ST. PLAZA MA 4,195 6,203 471 4,195 6,674 10,869 1,544 9,325 - 2014(A) MORRISSEY PLAZA MA 4,097 3,751 1,587 4,097 5,338 9,435 442 8,993 - 2014(A) NORTH AVE. PLAZA MA 1,164 1,195 32 1,164 1,227 2,391 431 1,960 - 2014(A) NORTH QUINCY PLAZA MA 6,333 17,954 (275 ) 3,894 20,118 24,012 4,057 19,955 - 2014(A) PARADISE PLAZA MA 4,183 12,195 1,815 4,183 14,010 18,193 3,732 14,461 - 2014(A) VINNIN SQUARE IN-LINE MA 582 2,095 (78 ) 582 2,017 2,599 377 2,222 - 2014(A) VINNIN SQUARE PLAZA MA 5,545 16,324 356 5,545 16,680 22,225 4,743 17,482 - 2014(A) WASHINGTON ST. PLAZA MA 11,008 5,652 9,872 12,958 13,574 26,532 3,898 22,634 - 2014(A) WASHINGTON ST. S.C. MA 7,381 9,987 2,096 7,381 12,083 19,464 2,747 16,717 - 2014(A) WAVERLY PLAZA MA 1,215 3,623 321 1,203 3,956 5,159 1,021 4,138 - 2014(A) CENTRE COURT-GIANT MD 3,854 12,770 127 3,854 12,897 16,751 3,835 12,916 4,029 2011(A) CENTRE COURT-OLD COURT/COURTYD MD 2,279 5,285 43 2,279 5,328 7,607 1,443 6,164 - 2011(A) CENTRE COURT-RETAIL/BANK MD 1,035 7,786 285 1,035 8,071 9,106 2,003 7,103 754 2011(A) COLUMBIA CROSSING MD 3,613 34,345 1,719 3,613 36,064 39,677 6,711 32,966 - 2015(A) COLUMBIA CROSSING II SHOP.CTR. MD 3,138 19,868 4,561 3,138 24,429 27,567 4,869 22,698 - 2013(A) COLUMBIA CROSSING OUTPARCELS MD 1,279 2,871 33,379 9,980 27,549 37,529 5,067 32,462 - 2011(A) DORSEY'S SEARCH VILLAGE CENTER MD 6,322 27,996 663 6,322 28,659 34,981 5,266 29,715 - 2015(A) ENCHANTED FOREST S.C. MD 20,124 34,345 772 20,124 35,117 55,241 7,824 47,417 - 2014(A) FULLERTON PLAZA MD 14,238 6,744 10,579 14,238 17,323 31,561 3,097 28,464 - 2014(A) GAITHERSBURG S.C. MD 245 6,788 2,028 245 8,816 9,061 4,751 4,310 - 1999(A) GREENBRIER S.C. MD 8,891 30,305 904 8,891 31,209 40,100 6,552 33,548 - 2014(A) HARPER'S CHOICE MD 8,429 18,374 1,699 8,429 20,073 28,502 4,142 24,360 - 2015(A) HICKORY RIDGE MD 7,184 26,948 1,101 7,184 28,049 35,233 5,174 30,059 - 2015(A) HICKORY RIDGE (SUNOCO) MD 543 2,122 - 543 2,122 2,665 490 2,175 - 2015(A) INGLESIDE S.C. MD 10,417 17,889 510 10,417 18,399 28,816 4,492 24,324 - 2014(A) KENTLANDS MARKET SQUARE MD 20,167 84,615 18,335 20,167 102,950 123,117 14,255 108,862 - 2016(A) KINGS CONTRIVANCE MD 9,308 31,760 1,351 9,308 33,111 42,419 7,837 34,582 - 2014(A) LAUREL PLAZA MD 350 1,398 6,607 1,571 6,784 8,355 2,863 5,492 - 1995(A) LAUREL PLAZA MD 275 1,101 174 275 1,275 1,550 1,242 308 - 1972(C) MILL STATION DEVELOPMENT MD 21,321 - 62,742 16,076 67,987 84,063 2,726 81,337 - 2015(C) MILL STATION THEATER/RSTRNTS MD 23,379 1,090 (3,688 ) 14,738 6,043 20,781 1,428 19,353 - 2016(C) PIKE CENTER MD - 61,389 9 - 61,398 61,398 981 60,417 - 2021(A) PUTTY HILL PLAZA MD 4,192 11,112 795 4,192 11,907 16,099 3,800 12,299 - 2013(A) RADCLIFFE CENTER MD 12,043 21,188 (128 ) 12,043 21,060 33,103 5,106 27,997 - 2014(A) RIVERHILL VILLAGE CENTER MD 16,825 23,282 511 16,825 23,793 40,618 6,146 34,472 - 2014(A) SHAWAN PLAZA MD 4,466 20,222 (182 ) 4,466 20,040 24,506 13,178 11,328 - 2008(A) SHOPPES AT EASTON MD 6,524 16,402 (2,697 ) 5,630 14,599 20,229 3,637 16,592 - 2014(A) SHOPS AT DISTRICT HEIGHTS MD 8,166 21,971 (1,376 ) 7,298 21,463 28,761 3,677 25,084 - 2015(A) SNOWDEN SQUARE S.C. MD 1,929 4,558 5,155 3,326 8,316 11,642 2,378 9,264 - 2012(A) TIMONIUM CROSSING MD 2,525 14,863 852 2,525 15,715 18,240 3,253 14,987 - 2014(A) TIMONIUM SQUARE MD 6,000 24,283 14,185 7,311 37,157 44,468 19,119 25,349 - 2003(A) TOWSON PLACE MD 43,887 101,765 5,468 43,271 107,849 151,120 28,733 122,387 - 2012(A) VILLAGES AT URBANA MD 3,190 6 20,188 4,829 18,555 23,384 3,565 19,819 - 2003(A) WILDE LAKE MD 1,468 5,870 26,645 2,577 31,406 33,983 12,054 21,929 - 2002(A) WILKENS BELTWAY PLAZA MD 9,948 22,126 2,094 9,948 24,220 34,168 5,023 29,145 - 2014(A) YORK ROAD PLAZA MD 4,277 37,206 416 4,277 37,622 41,899 7,339 34,560 - 2014(A) CENTURY PLAZA MI 179 926 1,030 96 2,039 2,135 1,010 1,125 - 1968(C) THE FOUNTAINS AT ARBOR LAKES MN 28,585 66,699 14,655 29,485 80,454 109,939 35,630 74,309 - 2006(A) CENTER POINT S.C. MO - 550 - - 550 550 550 - - 1998(A) BRENNAN STATION NC 7,750 20,557 229 6,322 22,214 28,536 7,151 21,385 - 2011(A) BRENNAN STATION OUTPARCEL NC 628 1,666 (188 ) 450 1,656 2,106 455 1,651 - 2011(A) CAPITAL SQUARE NC 3,528 12,159 - 3,528 12,159 15,687 401 15,286 - 2021(A) CLOVERDALE PLAZA NC 541 720 7,680 541 8,400 8,941 4,520 4,421 - 1969(C) CROSSROADS PLAZA NC 768 3,099 1,233 768 4,332 5,100 2,424 2,676 - 2000(A) CROSSROADS PLAZA NC 13,406 86,456 281 13,406 86,737 100,143 19,910 80,233 - 2014(A) DAVIDSON COMMONS NC 2,979 12,860 446 2,979 13,306 16,285 3,581 12,704 - 2012(A) FALLS POINTE NC 4,049 27,415 - 4,049 27,415 31,464 545 30,919 - 2021(A) HIGH HOUSE CROSSING NC 3,604 10,950 86 3,604 11,036 14,640 385 14,255 - 2021(A) HOPE VALLEY COMMONS NC 3,743 16,808 - 3,743 16,808 20,551 361 20,190 - 2021(A) JETTON VILLAGE SHOPPES NC 3,875 10,292 622 2,144 12,645 14,789 3,431 11,358 - 2011(A) LEESVILLE TOWNE CENTRE NC 5,693 37,053 (108 ) 5,693 36,945 42,638 666 41,972 - 2021(A) MOORESVILLE CROSSING NC 12,014 30,604 500 11,626 31,492 43,118 13,845 29,273 - 2007(A) NORTHWOODS S.C. NC 2,696 9,397 - 2,696 9,397 12,093 278 11,815 - 2021(A) PARK PLACE SC NC 5,461 16,163 4,894 5,470 21,048 26,518 9,191 17,327 - 2008(A) PLEASANT VALLEY PROMENADE NC 5,209 20,886 22,926 5,209 43,812 49,021 24,173 24,848 - 1993(A) QUAIL CORNERS NC 7,318 26,676 1,825 7,318 28,501 35,819 5,989 29,830 14,023 2014(A) SIX FORKS S.C. NC - 78,366 24 - 78,390 78,390 1,857 76,533 - 2021(A) STONEHENGE MARKET NC 3,848 37,900 - 3,848 37,900 41,748 624 41,124 - 2021(A) TYVOLA SQUARE NC - 4,736 8,911 - 13,647 13,647 10,547 3,100 - 1986(A) WOODLAWN MARKETPLACE NC 919 3,571 3,174 919 6,745 7,664 4,654 3,010 - 2008(A) WOODLAWN SHOPPING CENTER NC 2,011 5,834 2,156 2,011 7,990 10,001 2,328 7,673 - 2012(A) ROCKINGHAM PLAZA NH 2,661 10,644 24,026 3,149 34,182 37,331 16,298 21,033 - 2008(A) WEBSTER SQUARE NH 11,683 41,708 6,180 11,683 47,888 59,571 10,271 49,300 - 2014(A) WEBSTER SQUARE - DSW NH 1,346 3,638 132 1,346 3,770 5,116 733 4,383 - 2017(A) WEBSTER SQUARE NORTH NH 2,163 6,511 132 2,163 6,643 8,806 1,528 7,278 - 2016(A) CENTRAL PLAZA NJ 3,170 10,603 2,051 5,145 10,679 15,824 3,490 12,334 - 2013(A) CLARK SHOPRITE 70 CENTRAL AVE NJ 3,497 11,694 995 13,960 2,226 16,186 1,330 14,856 - 2013(A) COMMERCE CENTER EAST NJ 1,519 5,080 1,753 7,235 1,117 8,352 697 7,655 - 2013(A) COMMERCE CENTER WEST NJ 386 1,290 161 794 1,043 1,837 309 1,528 - 2013(A) COMMONS AT HOLMDEL NJ 16,538 38,760 8,641 16,538 47,401 63,939 20,078 43,861 - 2004(A) EAST WINDSOR VILLAGE NJ 9,335 23,778 694 9,335 24,472 33,807 8,927 24,880 - 2008(A) GARDEN STATE PAVILIONS NJ 7,531 10,802 21,623 12,204 27,752 39,956 10,594 29,362 - 2011(A) HILLVIEW SHOPPING CENTER NJ 16,008 32,607 1,870 16,008 34,477 50,485 6,941 43,544 - 2014(A) HOLMDEL TOWNE CENTER NJ 10,825 43,301 11,442 10,825 54,743 65,568 27,535 38,033 - 2002(A) MAPLE SHADE NJ - 9,958 2,301 - 12,259 12,259 3,893 8,366 - 2009(A) MARLTON PLAZA NJ - 4,319 153 - 4,472 4,472 2,841 1,631 - 1996(A) NORTH BRUNSWICK PLAZA NJ 3,205 12,820 29,278 3,205 42,098 45,303 23,881 21,422 - 1994(A) PISCATAWAY TOWN CENTER NJ 3,852 15,411 1,636 3,852 17,047 20,899 10,236 10,663 - 1998(A) PLAZA AT HILLSDALE NJ 7,602 6,994 1,655 7,602 8,649 16,251 2,371 13,880 - 2014(A) PLAZA AT SHORT HILLS NJ 20,155 11,062 526 20,155 11,588 31,743 3,109 28,634 - 2014(A) RIDGEWOOD S.C. NJ 450 2,107 1,303 450 3,410 3,860 2,139 1,721 - 1993(A) SHOP RITE PLAZA NJ 2,418 6,364 2,690 2,418 9,054 11,472 7,539 3,933 - 1985(C) UNION CRESCENT III NJ 7,895 3,011 28,966 8,697 31,175 39,872 20,691 19,181 - 2007(A) WESTMONT PLAZA NJ 602 2,405 13,926 602 16,331 16,933 8,784 8,149 - 1994(A) WILLOWBROOK PLAZA NJ 15,320 40,997 10,704 15,320 51,701 67,021 10,970 56,051 - 2009(A) NORTH TOWNE PLAZA - ALBUQUERQUE NM 3,598 33,327 64 3,598 33,391 36,989 972 36,017 - 2021(A) CHARLESTON COMMONS NV 29,704 24,267 85 29,704 24,352 54,056 1,318 52,738 - 2021(A) COLLEGE PARK S.C.-N LAS VEGAS NV 2,100 18,413 - 2,100 18,413 20,513 621 19,892 - 2021(A) D'ANDREA MARKETPLACE NV 11,556 29,435 599 11,556 30,034 41,590 11,333 30,257 - 2007(A) DEL MONTE PLAZA NV 2,489 5,590 248 2,210 6,117 8,327 3,503 4,824 931 2006(A) DEL MONTE PLAZA ANCHOR PARCEL NV 6,513 17,600 156 6,520 17,749 24,269 2,733 21,536 - 2017(A) FRANCISCO CENTER NV 1,800 10,085 37 1,800 10,122 11,922 370 11,552 - 2021(A) GALENA JUNCTION NV 8,931 17,503 976 8,931 18,479 27,410 4,791 22,619 - 2015(A) MCQUEEN CROSSINGS NV 5,017 20,779 1,058 5,017 21,837 26,854 6,949 19,905 - 2015(A) RANCHO TOWNE & COUNTRY NV 7,785 13,364 - 7,785 13,364 21,149 421 20,728 - 2021(A) REDFIELD PROMENADE NV 4,415 32,035 907 4,415 32,942 37,357 10,264 27,093 - 2015(A) SPARKS MERCANTILE NV 6,222 17,069 419 6,222 17,488 23,710 4,709 19,001 - 2015(A) 501 NORTH BROADWAY NY - 1,176 (60 ) - 1,116 1,116 501 615 - 2007(A) AIRPORT PLAZA NY 22,711 107,012 6,450 22,711 113,462 136,173 25,807 110,366 - 2015(A) BELLMORE S.C. NY 1,272 3,184 1,712 1,272 4,896 6,168 2,504 3,664 - 2004(A) BIRCHWOOD PLAZA COMMACK NY 3,630 4,775 1,358 3,630 6,133 9,763 2,417 7,346 - 2007(A) BRIDGEHAMPTON COMMONS-W&E SIDE NY 1,812 3,107 40,364 1,858 43,425 45,283 25,183 20,100 - 1972(C) CHAMPION FOOD SUPERMARKET NY 758 1,875 (25 ) 2,241 367 2,608 243 2,365 - 2012(A) ELMONT S.C. NY 3,012 7,606 6,718 3,012 14,324 17,336 4,958 12,378 - 2004(A) ELMSFORD CENTER 1 NY 4,134 1,193 - 4,134 1,193 5,327 296 5,031 - 2013(A) ELMSFORD CENTER 2 NY 4,076 15,599 1,118 4,245 16,548 20,793 4,784 16,009 - 2013(A) FAMILY DOLLAR UNION TURNPIKE NY 909 2,250 258 1,057 2,360 3,417 654 2,763 - 2012(A) FOREST AVENUE PLAZA NY 4,559 10,441 3,084 4,559 13,525 18,084 4,703 13,381 - 2005(A) FRANKLIN SQUARE S.C. NY 1,079 2,517 3,588 1,079 6,105 7,184 2,365 4,819 - 2004(A) GREENRIDGE PLAZA NY 2,940 11,812 7,502 3,148 19,106 22,254 10,529 11,725 - 1997(A) HAMPTON BAYS PLAZA NY 1,495 5,979 3,439 1,495 9,418 10,913 8,421 2,492 - 1989(A) HICKSVILLE PLAZA NY 3,543 8,266 2,571 3,543 10,837 14,380 4,737 9,643 - 2004(A) INDEPENDENCE PLAZA NY 12,279 34,814 (155 ) 16,132 30,806 46,938 8,980 37,958 - 2014(A) JERICHO COMMONS SOUTH NY 12,368 33,071 3,587 12,368 36,658 49,026 14,301 34,725 3,567 2007(A) KEY FOOD - 21ST STREET NY 1,091 2,700 (165 ) 1,669 1,957 3,626 473 3,153 - 2012(A) KEY FOOD - ATLANTIC AVE NY 2,273 5,625 509 4,809 3,598 8,407 1,061 7,346 - 2012(A) KEY FOOD - CENTRAL AVE. NY 2,788 6,899 (395 ) 2,603 6,689 9,292 1,686 7,606 - 2012(A) KINGS HIGHWAY NY 2,744 6,811 2,266 2,744 9,077 11,821 4,308 7,513 - 2004(A) KISSENA BOULEVARD SHOPPING CTR NY 11,610 2,933 1,608 11,610 4,541 16,151 1,297 14,854 - 2007(A) LITTLE NECK PLAZA NY 3,277 13,161 6,151 3,277 19,312 22,589 9,599 12,990 - 2003(A) MANETTO HILL PLAZA NY 264 584 15,940 264 16,524 16,788 7,613 9,175 - 1969(C) MANHASSET CENTER NY 4,567 19,166 33,383 3,472 53,644 57,116 30,942 26,174 - 1999(A) MARKET AT BAY SHORE NY 12,360 30,708 6,720 12,360 37,428 49,788 16,564 33,224 11,979 2006(A) MASPETH QUEENS-DUANE READE NY 1,872 4,828 1,037 1,872 5,865 7,737 2,474 5,263 - 2004(A) MILLERIDGE INN NY 7,500 481 (48 ) 7,500 433 7,933 58 7,875 - 2015(A) MINEOLA CROSSINGS NY 4,150 7,521 377 4,150 7,898 12,048 2,841 9,207 - 2007(A) NORTH MASSAPEQUA S.C. NY 1,881 4,389 (1,887 ) - 4,383 4,383 4,317 66 - 2004(A) OCEAN PLAZA NY 564 2,269 19 564 2,288 2,852 1,095 1,757 - 2003(A) RALPH AVENUE PLAZA NY 4,414 11,340 4,037 4,414 15,377 19,791 6,509 13,282 - 2004(A) RICHMOND S.C. NY 2,280 9,028 21,538 2,280 30,566 32,846 16,976 15,870 - 1989(A) ROMAINE PLAZA NY 782 1,826 594 782 2,420 3,202 1,039 2,163 - 2005(A) SHOPRITE S.C. NY 872 3,488 - 872 3,488 4,360 2,600 1,760 - 1998(A) SMITHTOWN PLAZA NY 3,528 7,364 561 3,437 8,016 11,453 3,697 7,756 - 2009(A) SYOSSET S.C. NY 107 76 2,267 107 2,343 2,450 1,356 1,094 - 1990(C) THE BOULEVARD NY 28,724 38,232 233,215 28,724 271,447 300,171 20,132 280,039 - 2006(A) TURNPIKE PLAZA NY 2,472 5,839 1,046 2,472 6,885 9,357 2,363 6,994 - 2011(A) VETERANS MEMORIAL PLAZA NY 5,968 23,243 20,820 5,980 44,051 50,031 18,877 31,154 - 1998(A) WHITE PLAINS S.C. NY 1,778 4,454 2,894 1,778 7,348 9,126 2,892 6,234 - 2004(A) JANTZEN BEACH CENTER OR 57,575 102,844 494 57,588 103,325 160,913 19,131 141,782 - 2017(A) OREGON TRAIL CENTER OR 5,802 12,623 641 5,802 13,264 19,066 6,152 12,914 - 2009(A) CENTER SQUARE SHOPPING CENTER PA 732 2,928 1,264 691 4,233 4,924 3,054 1,870 - 1996(A) CRANBERRY TOWNSHIP-PARCEL 1&2 PA 10,271 30,770 1,898 6,070 36,869 42,939 6,536 36,403 - 2016(A) CROSSROADS PLAZA PA 789 3,155 13,983 976 16,951 17,927 11,272 6,655 - 1986(A) DEVON VILLAGE PA 4,856 25,847 (387 ) 4,856 25,460 30,316 7,865 22,451 - 2012(A) FRANKFORD AVENUE S.C. PA 732 2,928 - 732 2,928 3,660 1,902 1,758 - 1996(A) HARRISBURG EAST SHOPPING CTR. PA 453 6,665 11,650 3,003 15,765 18,768 9,185 9,583 - 2002(A) HOLIDAY CENTER PA 7,727 20,014 (4,846 ) 6,098 16,797 22,895 5,070 17,825 - 2015(A) HORSHAM POINT PA 3,813 18,189 95 3,813 18,284 22,097 3,434 18,663 - 2015(A) LINCOLN SQUARE PA 90,479 - 75,216 10,533 155,162 165,695 10,299 155,396 - 2017(C) NORRITON SQUARE PA 686 2,665 4,342 774 6,919 7,693 5,369 2,324 - 1984(A) POCONO PLAZA PA 1,050 2,373 18,004 1,050 20,377 21,427 2,216 19,211 - 1973(C) SHOPPES AT WYNNEWOOD PA 7,479 - 3,676 7,479 3,676 11,155 523 10,632 - 2015(C) SHREWSBURY SQUARE S.C. PA 8,066 16,998 (2,109 ) 6,172 16,783 22,955 3,839 19,116 - 2014(A) SPRINGFIELD S.C. PA 920 4,982 13,543 920 18,525 19,445 12,111 7,334 - 1983(A) SUBURBAN SQUARE PA 70,680 166,351 82,114 71,280 247,865 319,145 66,410 252,735 - 2007(A) TOWNSHIP LINE S.C. PA 732 2,928 - 732 2,928 3,660 1,902 1,758 - 1996(A) WAYNE PLAZA PA 6,128 15,605 751 6,136 16,348 22,484 6,130 16,354 - 2008(A) WEXFORD PLAZA PA 6,414 9,775 10,954 6,299 20,844 27,143 6,481 20,662 - 2010(A) WHITEHALL MALL PA - 5,196 - - 5,196 5,196 3,375 1,821 - 1996(A) WHITELAND TOWN CENTER PA 732 2,928 59 732 2,987 3,719 1,949 1,770 - 1996(A) WHOLE FOODS AT WYNNEWOOD PA 15,042 - 11,785 13,772 13,055 26,827 1,371 25,456 - 2014(C) LOS COLOBOS - BUILDERS SQUARE PR 4,405 9,628 (538 ) 4,461 9,034 13,495 8,375 5,120 - 2006(A) LOS COLOBOS - KMART PR 4,595 10,120 (1,127 ) 4,402 9,186 13,588 8,406 5,182 - 2006(A) LOS COLOBOS I PR 12,891 26,047 553 13,613 25,878 39,491 13,443 26,048 - 2006(A) LOS COLOBOS II PR 14,894 30,681 1,025 15,142 31,458 46,600 16,337 30,263 - 2006(A) MANATI VILLA MARIA SC PR 2,781 5,673 1,794 2,607 7,641 10,248 4,501 5,747 - 2006(A) PLAZA CENTRO - COSTCO PR 3,628 10,752 (455 ) 3,866 10,059 13,925 5,279 8,646 - 2006(A) PLAZA CENTRO - MALL PR 19,873 58,719 2,543 19,408 61,727 81,135 28,023 53,112 - 2006(A) PLAZA CENTRO - RETAIL PR 5,936 16,510 362 6,026 16,782 22,808 7,631 15,177 - 2006(A) PLAZA CENTRO - SAM'S CLUB PR 6,643 20,225 (1,170 ) 6,520 19,178 25,698 17,974 7,724 - 2006(A) PONCE TOWNE CENTER PR 14,433 28,449 5,238 14,903 33,217 48,120 20,674 27,446 - 2006(A) REXVILLE TOWN CENTER PR 24,873 48,688 7,647 25,678 55,530 81,208 34,411 46,797 - 2006(A) TRUJILLO ALTO PLAZA PR 12,054 24,446 4,909 12,289 29,120 41,409 16,509 24,900 - |
Schedule IV - Mortgage Loans on
Schedule IV - Mortgage Loans on Real Estate | 12 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Text Block] | SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE As of December 31, 2021 (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 Mesa, AZ 12.00 % Aug-21 I $ - $ 500 $ 500 $ 500 Pompano, FL 12.00 % Dec-22 I - 25,000 25,000 - Jacksonville, FL 10.00 % Nov-26 I - 15,000 15,000 - San Antonio, TX 12.50 % Sep-27 I - 21,500 21,500 - Las Vegas, NV 12.00 % May-33 I - 3,075 3,075 - Las Vegas, NV 7.00 % Oct-53 I - 3,410 3,410 - Nonretail Commack, NY 7.41 % Oct-26 P&I - 1,354 211 - Melbourne, FL 6.88 % Dec-30 P&I - 500 226 - Other Financing Loans: Nonretail Borrower A 5.00 % Apr-22 P&I - 175 105 - Borrower B 7.00 % Mar-31 P&I - 397 375 - Borrower C 8.00 % Jun-22 I - 5,000 5,000 - Allowance for Credit losses: (1,300 ) $ - $ 75,911 $ 73,102 $ 500 (a) I = Interest only; P&I = Principal & Interest. (b) The aggregate cost for Federal income tax purposes was approximately $73.1 million as of December 31, 2021. For a reconciliation of mortgage and other financing receivables from January 1, 2019 December 31, 2021, 13 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, 2021 | |
Accounting Policies [Abstract] | |
Business and Organization, Policy [Policy Text Block] | Business and Organization The Company operates as a Real Estate Investment Trust (“REIT”) 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 Company’s 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, |
Weingarten Merger [Policy Text Block] | Weingarten Merger On August 3, 2021, April 15, 2021. On July 15, 2021, August 2, 2021 July 28, 2021 no December 31, 2021, 2 |
Coronavirus Disease 2019 [Policy Text Block] | Coronavirus Disease 2019 19” The COVID- 19 19 not 19 19 19. The development and distribution of COVID- 19 19 The COVID- 19 19 19 19 19 Although the Company continues to see an increase in collections of rental payments, the effects COVID- 19 |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation The accompanying Consolidated Financial Statements include the accounts of the Company. The Company’s 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 (“VIE”) in accordance with the consolidation guidance of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”). 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, and the collectability of trade accounts receivable. 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 (see Footnote 14 |
Real Estate, Policy [Policy Text Block] | Real Estate Real estate assets are stated at cost, less accumulated depreciation and amortization. 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 Company evaluates each acquisition transaction to determine whether the acquired asset meets the definition of a business and therefore accounted for as a business combination or if the acquisition transaction should be accounted for as an asset acquisition. Under Business Combinations (Topic 805 not not When substantially all of the fair value is not In both a business combination and an asset acquisition, the Company allocates the purchase price of acquired properties to tangible and identifiable intangible assets or liabilities based on their respective fair values. The fair value of any tangible real estate assets acquired is determined by valuing the building as if it were vacant, and the fair value is then allocated to land, buildings, and improvements based on available information including replacement cost, appraisal or using net operating income capitalization rates, discounted cash flow analysis or similar fair value models. Fair value estimates are also made using significant assumptions such as capitalization rates, discount rates, fair market lease rates, land values per square foot and other market data. Estimates of future cash flows are based on a number of factors including the historical operating results, known and anticipated trends, and market and economic conditions. Tangible assets may may 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 management’s estimate of the market lease rates and other lease provisions (e.g., expense recapture, base rental changes) 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. 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. 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 difference between the fair value and the face value of debt assumed, if any, in connection with an acquisition is recorded as a premium or discount and is amortized on a straight-line basis, which approximates the effective interest method, over the terms of the related debt agreements. The fair value of debt is estimated based upon contractual future cash flows discounted using borrowing spreads and market interest rates that would have been available for debt with similar terms and maturities. 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 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 Method Investments [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 Company’s 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, 2021, 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 Company’s 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. In a business combination, the fair value of the Company’s investment in an unconsolidated joint venture is calculated using the fair value of the real estate held by the joint venture, which are valued using similar methods as described in the Company’s Real Estate policy above, offset by the fair value of the debt on the property which is then multiplied by the Company’s equity ownership percentage. 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 Company’s investments in unconsolidated joint ventures may |
Investment, Policy [Policy Text Block] | Other Investments Other 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 investment’s 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 Company’s Other investments may The Company’s 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. |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash, Cash Equivalents and Restricted Cash Cash and cash equivalents include demand deposits in banks, commercial paper and certificates of deposit with original maturities of three may, Restricted cash is deposits held or restricted for a specific use. The Company had restricted cash totaling $9.0 million and $0.2 million at December 31, 2021 2020, December 31, 2021. |
Marketable Securities, Policy [Policy Text Block] | Marketable Securities The Company classifies its marketable equity securities as available-for-sale in accordance with the FASB’s Investments-Debt and Equity Securities guidance. In accordance with ASC Topic 825 Financial Instruments |
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 Company’s 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 loan’s yield over the term of the related loan. On January 1, 2020, 2016 13 Financial Instruments Credit Losses (Topic 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 |
Deferred Charges, Policy [Policy Text Block] | Deferred Leasing Costs Initial direct leasing costs include commissions paid to third Internal employee compensation, payroll-related benefits and certain external legal fees are considered indirect costs associated with the execution of lease agreements. These indirect leasing costs are expensed in accordance with ASU 2016 02, Leases (Topic 842 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, 2021 2020, December 31, 2021, 2020 2019, Deferred Financing Costs Costs incurred in obtaining long-term financing, included in Notes payable, net and Mortgages 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 606 606” December 31, 2021, no The Company’s primary source of revenues are derived from lease agreements which fall under the scope of ASU 2016 02, Leases (Topic 842 842” 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 lessee’s 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, 450 Contingencies not may Since the outbreak of the COVID- 19 19 six 18 Gains on sale of properties Gains and losses from the sale and/or transfer of nonfinancial assets, such as real estate property, are to be recognized when control of the asset transfers to the buyer, which will occur when the buyer has the ability to direct the use of or obtain substantially all of the remaining benefits from the asset. This generally occurs when the transaction closes and consideration is exchanged for control of the property. |
Leases [Policy Text Block] | Leases The Company accounts for its leases in accordance with ASU 2016 02 . Lessor In April 2020, Topic 842 840: 19 842, 19 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 as a lessor has elected to apply the modification relief as described in (i) above to the lease concessions it has entered into during the years ended December 31, 2021 2020 19 Lessee The Company’s leases where it is the lessee primarily consist of ground leases and administrative office leases. The Company classifies leases based on whether the arrangement is effectively a purchase of the underlying asset. Leases that transfer control of the underlying asset to a lessee are classified as finance leases and all other leases as operating leases. ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. In connection with the Merger, the Company acquired two properties under finance leasing arrangements that consists of variable lease payments with a bargain purchase option which are included in Other assets, on the Company’s Consolidated Balance Sheets. ROU assets and lease liabilities are recognized at the commencement date of the lease and liabilities are determined based on the estimated present value of the Company’s minimum lease payments under its lease agreements. Variable lease payments are excluded from the lease liabilities and corresponding ROU assets, as they are recognized in the period in which the obligation for those payments is incurred. Certain of the Company’s leases have renewal options for which the Company assesses whether it is reasonably certain the Company will exercise these renewal options. Lease payments associated with renewal options that the Company is reasonably certain will be exercised are included in the measurement of the lease liabilities and corresponding ROU assets. 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 12 |
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 (“TRSs”), 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 FASB’s guidance relating to uncertainty in income taxes recognized in a Company’s 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 Company’s 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 FASB’s 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 Company’s 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 In a business combination, the fair value of the noncontrolling interest in a consolidated joint venture is calculated using the fair value of the real estate held by the joint venture, which are valued using similar methods as described in the Company’s Real Estate policy above, offset by the fair value of the debt on the property which is then multiplied by the partners’ noncontrolling share. 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 Company’s Consolidated Balance Sheets and is included in the Company’s computation of earnings per share (see Footnote 27 |
Share-based Payment Arrangement [Policy Text Block] | Stock Compensation In May 2020, 2020 “2020 2010 March 2020. 2020 fourth fifth four five ten fifth one three may 2020 The Company accounts for equity awards in accordance with the FASB’s 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 22 |
Reclassification, Comparability Adjustment [Policy Text Block] | Reclassifications Certain amounts in the prior period have been reclassified in order to conform to the current period’s presentation. For comparative purposes for the years ended December 31, 2020 2019, |
New Accounting Pronouncements, Policy [Policy Text Block] | New Accounting Pronouncements The following table represents ASUs to the FASB’s ASCs that, as of December 31, 2021, not not ASU Description Effective Date Effect on the financial statements or other significant matters ASU 2021 08, 805 The amendments in this update require acquiring entities to apply Topic 606 805. January 1, 2023; The adoption of this ASU is not ASU 2021 05, 842 This ASU amends the lessor lease classification in ASC 842 not not 842 1 January 1, 2022 The adoption of this ASU is not The following ASUs to the FASB’s ASCs have been adopted by the Company as of the date listed: ASU Description Adoption 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 did not |
Note 2 - Weingarten Merger (Tab
Note 2 - Weingarten Merger (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Schedule of Business Acquisitions by Acquisition, Equity Interest Issued or Issuable [Table Text Block] | Weingarten common shares outstanding as of August 3, 2021 127,784,006 Exchange ratio 1.408 Kimco common stock issued 179,919,880 |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | Purchase Price Property Name Location Month Acquired/ Consolidated Cash Debt Other Total GLA* Distribution Center #1 (1) Lancaster, CA Jan-21 $ 58,723 $ - $ 11,277 $ 70,000 927 Distribution Center #2 (1) Woodland, CA Jan-21 27,589 - 6,411 34,000 508 Jamestown Portfolio (6 properties) (2) Various Oct-21 172,899 170,000 87,094 429,993 1,226 KimPru Portfolio (2 properties) (2) Various Oct-21 61,705 64,169 15,212 141,086 478 Columbia Crossing Parcel Columbia, MD Oct-21 12,600 - - 12,600 45 Centro Arlington (2) Arlington, VA Nov-21 24,178 - 184,850 209,028 72 $ 357,694 $ 234,169 $ 304,844 $ 896,707 3,256 Purchase Price Property Name Location Month Acquired Cash GLA North Valley Parcel Peoria, AZ Feb-20 $ 7,073 9 |
Business Acquisition, Pro Forma Information [Table Text Block] | Year Ended December 31, 2021 2020 Revenues from rental properties, net $ 2,341.4 $ 2,234.9 Net income (1) $ 1,114.6 $ 1,193.1 Net income available to the Company’s common shareholders (1) $ 1,084.1 $ 1,166.3 |
Weingarten Realty Investors [Member] | |
Notes Tables | |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | Price of Kimco Common Stock Equity Consideration Given (Kimco Shares Issued) Calculated Value of Weingarten Consideration Cash Consideration * Total Value of Consideration As of August 3, 2021 $ 20.78 179,920 $ 3,738,735 $ 320,424 $ 4,059,159 Purchase Price Allocation Land $ 1,174,407 Building and improvements 4,040,244 In-place leases 370,685 Above-market leases 42,133 Real estate assets 5,627,469 Investments in and advances to real estate joint ventures 585,382 Cash, accounts receivable and other assets 241,582 Total assets acquired 6,454,433 Notes payable (1,497,632 ) Mortgages payable (317,671 ) Accounts payable and other liabilities (283,559 ) Below-market leases (119,373 ) Noncontrolling interests (177,039 ) Total liabilities assumed (2,395,274 ) Total purchase price $ 4,059,159 Weighted Average Amortization Period (in Years) Land n/a Building 50.0 Building improvements 45.0 Tenant improvements 7.1 Fixtures and leasehold improvements 6.2 In-place leases 5.6 Above-market leases 10.1 Below-market leases 31.5 Right-of-use intangible assets 30.9 Fair market value of debt adjustment 3.7 |
Note 3 - Real Estate (Tables)
Note 3 - Real Estate (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Table Text Block] | December 31, 2021 2020 Land: Developed land $ 3,962,447 $ 2,758,936 Undeveloped land 16,328 22,952 Total land 3,978,775 2,781,888 Buildings and improvements: Buildings 10,042,225 5,911,602 Building improvements 1,999,319 1,918,641 Tenant improvements 987,216 820,027 Fixtures and leasehold improvements 31,421 32,123 Above-market leases 166,840 125,858 In-place leases 840,803 473,016 Total buildings and improvements 14,067,824 9,281,267 Real estate 18,046,599 12,063,155 Accumulated depreciation and amortization (1) (3,010,699 ) (2,717,114 ) Total real estate, net $ 15,035,900 $ 9,346,041 |
Above and Below Market Lease Tenant Relationships Future Amortization Income Expense [Table Text Block] | 2022 2023 2024 2025 2026 Above-market and below-market leases amortization, net $ 14.5 $ 14.5 $ 14.3 $ 13.9 $ 14.1 In-place leases amortization $ (138.6 ) $ (95.4 ) $ (66.3 ) $ (44.9 ) $ (31.0 ) |
Note 4 - Property Acquisitions
Note 4 - Property Acquisitions (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | Purchase Price Property Name Location Month Acquired/ Consolidated Cash Debt Other Total GLA* Distribution Center #1 (1) Lancaster, CA Jan-21 $ 58,723 $ - $ 11,277 $ 70,000 927 Distribution Center #2 (1) Woodland, CA Jan-21 27,589 - 6,411 34,000 508 Jamestown Portfolio (6 properties) (2) Various Oct-21 172,899 170,000 87,094 429,993 1,226 KimPru Portfolio (2 properties) (2) Various Oct-21 61,705 64,169 15,212 141,086 478 Columbia Crossing Parcel Columbia, MD Oct-21 12,600 - - 12,600 45 Centro Arlington (2) Arlington, VA Nov-21 24,178 - 184,850 209,028 72 $ 357,694 $ 234,169 $ 304,844 $ 896,707 3,256 Purchase Price Property Name Location Month Acquired Cash GLA North Valley Parcel Peoria, AZ Feb-20 $ 7,073 9 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | Allocation as of December 31, 2021 Weighted- Average Useful Life (in Years) Allocation as of December 31, 2020 Weighted- Average Useful Life (in Years) Land $ 154,320 n/a $ 935 n/a Buildings 679,646 50.0 4,610 50.0 Building improvements 18,476 45.0 221 45.0 Tenant improvements 16,391 8.5 382 19.4 In-place leases 48,648 9.1 925 19.4 Above-market leases 6,581 6.5 - - Below-market leases (39,712 ) 38.9 - - Other assets 21,331 n/a - n/a Other liabilities (8,974 ) n/a - n/a Net assets acquired/consolidated $ 896,707 $ 7,073 |
Note 5 - Dispositions of Real_2
Note 5 - Dispositions of Real Estate (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Disposal Groups, Including Discontinued Operations [Table Text Block] | Year Ended December 31, 2021 (1) 2020 2019 (2) Aggregate sales price/gross fair value $ 612.4 $ 31.8 $ 344.7 Gain on sale of properties (3) $ 30.8 $ 6.5 $ 79.2 Number of operating properties sold/deconsolidated 13 3 20 Number of parcels sold 10 4 9 |
Note 6 - Impairments (Tables)
Note 6 - Impairments (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Details of Impairment of Long-Lived Assets Held and Used by Asset [Table Text Block] | 2021 2020 2019 Properties marketed for sale (1) $ 2.7 $ 5.5 $ 12.5 Properties disposed/deeded in lieu/foreclosed (2) - 1.1 36.2 Other impairments (3) 0.9 - - Total net impairment charges $ 3.6 $ 6.6 $ 48.7 |
Note 7 - Investments In and A_2
Note 7 - Investments In and Advances to Real Estate Joint Ventures (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Equity Method Investments [Table Text Block] | The Company's Investment Ownership December 31, Joint Venture Interest 2021 2020 Prudential Investment Program 15.0% $ 163.0 $ 175.1 Kimco Income Opportunity Portfolio (“KIR”) 48.6% 186.0 177.4 Canada Pension Plan Investment Board (“CPP”) 55.0% 165.1 159.7 Other Institutional Joint Ventures (1) (2) Various 281.8 - Other Joint Venture Programs (1) Various 211.0 78.5 Total* $ 1,006.9 $ 590.7 |
Joint Venture Investments Accounted For Under The Equity Method Debt Details [Table Text Block] | December 31, 2021 December 31, 2020 Joint Venture Mortgages and Notes Payable, Net Weighted Average Interest Rate Weighted Average Remaining Term (months)* Mortgages and Notes Payable, Net Weighted Average Interest Rate Weighted Average Remaining Term (months)* Prudential Investment Program $ 426.9 2.02 % 45.6 $ 495.8 2.05 % 37.2 KIR 492.6 2.55 % 27.9 536.9 3.87 % 25.3 CPP 84.2 1.85 % 55.0 84.9 3.25 % 30.0 Other Institutional Joint Ventures (1) 232.9 1.65 % 59.7 - - - Other Joint Venture Programs (1) 402.1 3.58 % 83.0 423.4 3.41 % 86.7 Total $ 1,638.7 $ 1,541.0 |
Investments in and Advances to Affiliates [Table Text Block] | December 31, 2021 2020 Assets: Real estate, net $ 769.4 $ 787.1 Other assets, net 68.2 75.3 Total Assets $ 837.6 $ 862.4 Liabilities and Members’ Capital: Notes payable, net $ 258.8 $ 91.5 Mortgages payable, net 233.7 445.4 Other liabilities 16.2 17.4 Members’ capital 328.9 308.1 Total Liabilities and Members’ Capital $ 837.6 $ 862.4 December 31, 2021 2020 Assets: Real estate, net $ 3,619.4 $ 2,549.2 Other assets, net 193.8 179.0 Total Assets $ 3,813.2 $ 2,728.2 Liabilities and Members’ Capital: Notes payable, net $ 199.0 $ 199.8 Mortgages payable, net 947.2 804.3 Other liabilities 73.8 53.6 Noncontrolling interests 32.6 18.3 Members’ capital 2,560.6 1,652.2 Total Liabilities and Members’ Capital $ 3,813.2 $ 2,728.2 |
Schedule of Investments in and Advances to Affiliates, Schedule of Investments [Table Text Block] | Year Ended December 31, 2021 2020 2019 Revenues, net $ 186.6 $ 173.9 $ 193.6 Operating expenses (51.3 ) (49.5 ) (51.0 ) Depreciation and amortization (40.3 ) (36.9 ) (38.0 ) Gain on sale of properties - - 32.2 Interest expense (18.1 ) (23.8 ) (28.2 ) Other expense, net (2.1 ) (1.6 ) (1.1 ) Net income $ 74.8 $ 62.1 $ 107.5 Year Ended December 31, 2021 2020 2019 Revenues, net $ 340.3 $ 282.4 $ 317.6 Operating expenses (111.7 ) (101.9 ) (99.4 ) Impairment charges (23.5 ) (4.4 ) (39.5 ) Depreciation and amortization (97.2 ) (75.0 ) (76.9 ) Gain on sale of properties 61.5 0.2 15.0 Interest expense (27.6 ) (31.2 ) (47.1 ) Other expense, net (0.9 ) (10.8 ) (14.2 ) Net income $ 140.9 $ 59.3 $ 55.5 |
Income [Member] | |
Notes Tables | |
Equity Method Investments [Table Text Block] | Year Ended December 31, 2021 2020 2019 Prudential Investment Program (1) $ 17.5 $ 9.0 $ 10.4 KIR 36.9 30.5 50.3 CPP 9.2 5.6 5.8 Other Institutional Joint Ventures 1.7 - - Other Joint Venture Programs 19.5 2.3 5.7 Total $ 84.8 $ 47.4 $ 72.2 |
Note 8 - Other Investments (Tab
Note 8 - Other Investments (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Real Estate Investment Financial Statements, Disclosure [Table Text Block] | December 31, 2021 2020 Assets: Real estate, net $ 317.3 $ 95.7 Other assets 131.1 216.5 Total Assets $ 448.4 $ 312.2 Liabilities and Partners’/Members’ Capital: Mortgages payable, net $ 240.7 $ 146.7 Other liabilities 15.9 4.5 Partners’/Members’ capital 191.8 161.0 Total Liabilities and Partners’/Members’ Capital $ 448.4 $ 312.2 |
Preferred Equity Investments, Income Statement [Table Text Block] | Year Ended December 31, 2021 2020 2019 Revenues $ 54.0 $ 44.6 $ 66.6 Operating expenses (21.7 ) (11.1 ) (16.0 ) Depreciation and amortization (2.9 ) (2.9 ) (3.2 ) Gain on sale of properties - 0.2 13.6 Interest expense (9.1 ) (7.0 ) (11.9 ) Other expense, net 0.5 (4.0 ) (7.9 ) Net income $ 19.8 $ 19.8 $ 41.2 |
Note 9 - Marketable Securities
Note 9 - Marketable Securities (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Marketable Securities [Table Text Block] | As of December 31, 2021 As of December 31, 2020 Marketable securities: Amortized cost $ 114,159 $ 114,531 Unrealized gains, net 1,097,580 592,423 Total fair value $ 1,211,739 $ 706,954 |
Note 10 - Accounts and Notes _2
Note 10 - Accounts and Notes Receivable (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | As of December 31, 2021 As of December 31, 2020 Billed tenant receivables $ 20,970 $ 25,428 Unbilled common area maintenance, insurance and tax 55,283 35,982 Deferred rent receivables 5,029 17,328 Other receivables 15,725 4,880 Straight-line rent receivables 157,670 135,630 Total accounts and notes receivable, net $ 254,677 $ 219,248 |
Note 11 - Variable Interest E_2
Note 11 - Variable Interest Entities ("VIE") (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Schedule of Variable Interest Entities [Table Text Block] | December 31, 2021 December 31, 2020 Number of unencumbered VIEs 30 19 Number of encumbered VIEs 4 3 Total number of consolidated VIEs 34 22 Restricted Assets: Real estate, net $ 222.9 $ 97.7 Cash and cash equivalents 2.0 1.8 Accounts and notes receivable, net 2.0 1.9 Other assets 1.0 1.1 Total Restricted Assets $ 227.9 $ 102.5 VIE Liabilities: Mortgages payable, net $ 78.9 $ 36.5 Accounts payable and accrued expenses 11.8 5.2 Operating lease liabilities 6.7 5.5 Other liabilities 56.5 14.9 Total VIE Liabilities $ 153.9 $ 62.1 |
Note 12 - Leases (Tables)
Note 12 - Leases (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Operating Lease, Lease Income [Table Text Block] | Year Ended December 31, 2021 2020 2019 Lease income: Fixed lease income (1) $ 1,045,888 $ 871,151 $ 880,694 Variable lease income (2) 264,040 232,272 246,226 Above-market and below-market leases amortization, net 14,843 22,515 20,010 Adjustments for potentially uncollectible revenues and disputed amounts (3) 24,931 (81,050 ) (4,596 ) Total lease income $ 1,349,702 $ 1,044,888 $ 1,142,334 |
Lessor, Operating Lease, Payment to be Received, Fiscal Year Maturity [Table Text Block] | 2022 2023 2024 2025 2026 Thereafter Minimum revenues $ 1,186.1 $ 1,066.7 $ 922.6 $ 780.2 $ 636.4 $ 2,779.2 |
Lease, Cost [Table Text Block] | Operating Leases Finance Leases Weighted-average remaining lease term (in years) 25.6 2.0 Weighted-average discount rate 6.62 % 4.44 % Year Ended December 31, 2021 2020 2019 Lease cost: Finance lease cost $ 569 $ - $ - Operating lease cost 11,637 10,371 12,630 Variable lease cost 3,972 2,852 2,038 Total lease cost $ 16,178 $ 13,223 $ 14,668 |
Lessee, Operating Lease, Maturity [Table Text Block] | Year Ending December 31, Operating Leases Financing Leases (1) 2022 $ 12,688 $ 1,709 2023 12,716 22,987 2024 11,894 - 2025 11,395 - 2026 10,742 - Thereafter 215,413 - Total minimum lease payments $ 274,848 $ 24,696 Less imputed interest (151,069 ) (1,956 ) Total lease liabilities (2) $ 123,779 $ 22,740 |
Note 13 - Other Assets (Tables)
Note 13 - Other Assets (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Schedule of Issued and Acquired Mortgage Loans and Other Financing Receivables [Table Text Block] | 2021 2020 2019 Balance at January 1, $ 32,246 $ 7,829 $ 14,448 Additions: New mortgage and other loans (1) 55,307 25,500 3,750 Additions under existing mortgage loans - - 48 Amortization of loan discounts - - 33 Deductions: Loan repayments (13,646 ) (25 ) (10,136 ) Collections of principal (130 ) (152 ) (313 ) Allowance for credit losses (370 ) (906 ) - Other adjustments (305 ) - (1 ) Balance at December 31, $ 73,102 $ 32,246 $ 7,829 |
Note 14 - Notes Payable (Tables
Note 14 - Notes Payable (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
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 Sept-2021 Dec-2031 $ 500.0 2.25 % Aug-2020 Mar-2028 $ 400.0 1.90 % Jul-2020 (1) Oct-2030 $ 500.0 2.70 % |
Notes Payable [Member] | |
Notes Tables | |
Schedule of Debt [Table Text Block] | Carrying Amount at December 31, Interest Rate at December 31, Maturity Date at December 31, 2021 2020 2021 2020 2021 Senior unsecured notes $ 7,002.1 $ 5,100.0 1.90% - 6.88 % 1.90% - 4.45 % Oct-2022– Oct 2049 Credit facility (1) - - 0.87 % 0.91 % Mar-2024 Fair value debt adjustments, net 81.0 - n/a n/a n/a Deferred financing costs, net (2) (56.0 ) (55.8 ) n/a n/a n/a $ 7,027.1 $ 5,044.2 3.35%* 3.33%* |
Unsecured Debt [Member] | |
Notes Tables | |
Schedule of Maturities of Long-term Debt [Table Text Block] | 2022 2023 2024 2025 2026 Thereafter Total Principal payments $ 799.4 $ 649.7 $ 646.2 $ 740.5 $ 773.0 $ 3,393.3 $ 7,002.1 |
Note 15 - Mortgages Payable (Ta
Note 15 - Mortgages Payable (Tables) - Mortgages [Member] | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Schedule of Long-term Debt Instruments [Table Text Block] | Carrying Amount at December 31, Interest Rate at December 31, Maturity Date at December 31, 2021 2020 2021 2020 2021 Mortgages payable $ 439.2 $ 308.4 3.23% - 7.23 % 3.23% - 7.23 % Apr-2022 – Jul-2029 Fair value debt adjustments, net 10.8 3.5 n/a n/a n/a Deferred financing costs, net (1.3 ) (0.6 ) n/a n/a n/a $ 448.7 $ 311.3 4.12%* 4.73%* |
Schedule of Maturities of Long-term Debt [Table Text Block] | 2022 2023 2024 2025 2026 Thereafter Total Principal payments $ 124.5 $ 63.6 $ 8.1 $ 54.3 $ 5.4 $ 183.3 $ 439.2 |
Note 16 - Noncontrolling Inte_2
Note 16 - Noncontrolling Interests and Redeemable Noncontrolling Interests (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
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 Company’s common stock dividend |
Redeemable Noncontrolling Interest [Table Text Block] | 2021 2020 Balance at January 1, $ 15,784 $ 17,943 Fair value allocation to partnership interest (1) 2,068 - Income 751 1,022 Distributions (1) (2,819 ) (1,021 ) Adjustment to estimated redemption value (2) (2,304 ) (2,160 ) Balance at December 31, $ 13,480 $ 15,784 |
Note 17 - Fair Value Disclosu_2
Note 17 - Fair Value Disclosure of Financial Instruments (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Fair Value, by Balance Sheet Grouping [Table Text Block] | December 31, 2021 2020 Carrying Amounts Estimated Fair Value Carrying Amounts Estimated Fair Value Notes payable, net (1) $ 7,027,050 $ 7,330,723 $ 5,044,208 $ 5,486,953 Mortgages payable, net (2) $ 448,652 $ 449,758 $ 311,272 $ 312,933 |
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block] | Balance at December 31, 2021 Level 1 Level 2 Level 3 Assets: Marketable equity securities $ 1,211,739 $ 1,211,739 $ - $ - Balance at December 31, 2020 Level 1 Level 2 Level 3 Assets: Marketable equity securities $ 706,954 $ 706,954 $ - $ - Balance at December 31, 2021 Level 1 Level 2 Level 3 Other investments $ 9,834 $ - $ - $ 9,834 Balance at December 31, 2020 Level 1 Level 2 Level 3 Real estate $ 24,899 $ - $ - $ 24,899 Other investments $ 5,464 $ - $ - $ 5,464 |
Note 18 - Preferred Stock, Co_2
Note 18 - Preferred Stock, Common Stock and Convertible Unit Transactions (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Schedule of Stockholders Equity [Table Text Block] | As of December 31, 2021 and 2020 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, 2021 2020 2019 Common Stock $ 0.68000 $ 0.54000 $ 1.12000 Class I Depositary Shares $ - $ - $ 0.99583 Class J Depositary Shares $ - $ - $ 1.37500 Class K Depositary Shares $ - $ - $ 0.93359 Class L Depositary Shares $ 1.28125 $ 1.28125 $ 1.28125 Class M Depositary Shares $ 1.31250 $ 1.31250 $ 1.31250 |
Note 19 - Supplemental Schedu_2
Note 19 - Supplemental Schedule of Non-cash Investing / Financing Activities (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block] | 2021 2020 2019 Acquisition of real estate interests through proceeds held in escrow $ - $ - $ 36,076 Proceeds deposited in escrow through sale of real estate interests $ - $ - $ 5,106 Disposition of real estate interests through the issuance of mortgage receivable $ - $ - $ 3,750 Disposition of real estate interests by a deed in lieu/foreclosure of debt $ - $ - $ 3,892 Forgiveness of debt due to a deed in lieu/foreclosure $ - $ - $ 6,905 Capital expenditures accrual $ 34,651 $ 37,411 $ 65,900 Surrender of common stock $ 20,909 $ 5,395 $ 4,030 Declaration of dividends paid in succeeding period $ 5,366 $ 5,366 $ 126,274 Decrease in redeemable noncontrolling interests’ carrying amount $ (2,304 ) $ (2,160 ) $ - Lease liabilities arising from obtaining operating right-of-use assets $ 553 $ - $ - Allocation of fair value to noncontrolling interests $ 2,068 $ - $ - Purchase price fair value adjustment to prepaid rent $ 15,620 $ - $ - Decrease in noncontrolling interests from redemption of units for common stock $ 1,540 $ - $ - Weingarten Merger: Real estate assets $ 5,627,469 $ - $ - Investments in and advances to real estate joint ventures $ 585,382 $ - $ - Notes payable $ (1,497,632 ) $ - $ - Mortgages payable $ (317,671 ) $ - $ - Below-market leases $ (119,373 ) $ - $ - Noncontrolling interests $ (177,039 ) $ - $ - Other assets and liabilities, net $ (154,775 ) $ - $ - Lease liabilities arising from obtaining operating right-of-use assets $ 32,569 $ - $ - Lease liabilities arising from obtaining financing right-of-use assets $ 23,026 $ - $ - Common stock issued in exchange for Weingarten common shares $ (3,738,735 ) $ - $ - Consolidation of Joint Ventures: Increase in real estate and other assets, net $ 506,266 $ - $ 7,884 Increase in mortgages payable, other liabilities and noncontrolling interests $ 234,091 $ - $ 7,747 Deconsolidation of Joint Venture: Decrease in real estate and other assets, net $ 300,099 $ - $ - Decrease in mortgages payable and other liabilities $ 170,000 $ - $ - |
Reconciliation of Cash, Cash Equivalents and Restricted Cash [Table Text Block] | As of December 31, 2021 As of December 31, 2020 Cash and cash equivalents $ 325,631 $ 292,953 Restricted cash 9,032 235 Total cash, cash equivalents and restricted cash $ 334,663 $ 293,188 |
Note 22 - Incentive Plans (Tabl
Note 22 - Incentive Plans (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Share-based Payment Arrangement, Option, Activity [Table Text Block] | Shares Weighted-Average Exercise Price Per Share Aggregate Intrinsic Value (in millions) Options outstanding, January 1, 2019 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 $ - Exercised (315,750 ) $ 19.19 $ 1.1 Forfeited (357,816 ) $ 19.01 Options outstanding, December 31, 2021 488,755 $ 21.48 $ 1.5 Options exercisable (fully vested) - December 31, 2019 1,297,936 $ 19.60 $ 2.0 December 31, 2020 1,162,321 $ 20.03 $ - December 31, 2021 488,755 $ 21.48 $ 1.5 |
Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block] | 2021 2020 2019 Restricted stock outstanding as of January 1, 2,394,825 2,367,843 2,104,914 Granted (1) 754,560 820,150 884,170 Vested (759,665 ) (784,120 ) (603,148 ) Forfeited (42,112 ) (9,048 ) (18,093 ) Restricted stock outstanding as of December 31, 2,347,608 2,394,825 2,367,843 |
Share-based Payment Arrangement, Performance Shares, Outstanding Activity [Table Text Block] | 2021 2020 2019 Performance share awards outstanding as of January 1, 913,800 704,530 433,230 Granted (1) 545,380 506,720 407,080 Vested (2) (407,080 ) (297,450 ) (135,780 ) Performance share awards outstanding as of December 31, 1,052,100 913,800 704,530 |
Performance Shares [Member] | |
Notes Tables | |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | 2021 2020 2019 Stock price $ 17.87 $ 18.93 $ 17.81 Dividend yield (1) 0 % 0 % 0 % Risk-free rate 0.20 % 1.42 % 2.52 % Volatility (2) 48.41 % 24.67 % 24.55 % Term of the award (years) 2.86 2.88 2.88 |
Note 23 - Defined Benefit Plan
Note 23 - Defined Benefit Plan (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan [Table Text Block] | 2021 Change in Projected Benefit Obligation: Benefit obligation at date of the Merger $ 73,081 Interest cost 762 Settlement payments (29,107 ) Actuarial gain (6,831 ) Benefit payments (910 ) Benefit obligation at December 31, 2021 $ 36,995 Change in Plan Assets: Fair value of plan assets at date of the Merger $ 74,025 Actual return on plan assets 642 Settlement payments (30,104 ) Benefit payments (910 ) Fair value of plan assets at December 31, 2021 $ 43,653 Funded status at December 31, 2021 (included in Other assets) $ 6,658 Accumulated benefit obligation $ 36,995 Net gain recognized in other comprehensive income $ 2,216 |
Schedule of Net Benefit Costs [Table Text Block] | 2021 Interest cost $ (750 ) Expected return on plan assets 2,125 Settlement gain 2,216 Total net periodic benefit income $ 3,591 |
Defined Benefit Plan, Assumptions [Table Text Block] | Discount rate 2.43 % Salary scale increases N/A Interest credit rate for cash balance plan 4.50 % |
Schedule of Expected Benefit Payments [Table Text Block] | 2022 2023 2024 2025 2026 2027 - 2031 Benefit payments $ 19.5 $ 2.3 $ 2.3 $ 2.3 $ 2.2 $ 10.4 |
Defined Benefit Plan, Plan Assets, Allocation [Table Text Block] | Fair Value Asset Allocation Cash and short-term investments $ 26,246 60.1 % Large company funds 7,130 16.3 % Mid company funds 662 1.5 % Small company funds 1,958 4.5 % International funds 1,972 4.5 % Fixed income funds 4,260 9.8 % Growth funds 1,425 3.3 % Total $ 43,653 100.0 % |
Note 24 - Income Taxes (Tables)
Note 24 - Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Book to Tax Reconciliation [Table Text Block] | 2021 2020 2019 (Estimated) (Actual) (Actual) GAAP net income attributable to the Company $ 844,059 $ 1,000,833 $ 410,605 GAAP net (income)/loss attributable to TRSs (24,502 ) (956 ) 1,119 GAAP net income from REIT operations (1) 819,557 999,877 411,724 Net book depreciation in excess of tax depreciation 70,792 (55,072 ) 55,903 Deferred/prepaid/above-market and below-market rents, net (33,580 ) (16,632 ) (33,287 ) Fair market value debt amortization (18,079 ) (3,847 ) (4,510 ) Book/tax differences from executive compensation 19,882 10,388 6,026 Book/tax differences from non-qualified stock options (1,069 ) (231 ) (1,121 ) Book/tax differences from defined benefit plan (2,948 ) - - Book/tax differences from investments in and advances to real estate joint ventures 25,502 40,176 4,837 Book/tax differences from sale of properties (51,951 ) (10,547 ) (13,830 ) Book/tax differences from accounts receivable (19,971 ) 44,193 1,573 Book adjustment to property carrying values and marketable equity securities (499,996 ) (589,698 ) 37,709 Taxable currency exchange gain/(loss), net 882 (29 ) (33 ) Tangible property regulation deduction - (48,194 ) - GAAP gain on change in control of joint venture interests (5,607 ) - (137 ) Dividends from TRSs 23,314 2 3,331 Severance accrual (5,358 ) 5,874 (475 ) Other book/tax differences, net (2) (21,955 ) 802 (3,946 ) Adjusted REIT taxable income $ 299,415 $ 377,062 $ 463,764 |
Taxable Characteristics of Distributions Paid [Table Text Block] | 2021 2020 2019 Preferred I Dividends Ordinary income $ - - $ - - $ 7,389 77 % Capital gain - - - - 2,207 23 % $ - - $ - - $ 9,596 100 % Preferred J Dividends Ordinary income $ - - $ - - $ 11,541 77 % Capital gain - - - - 3,447 23 % $ - - $ - - $ 14,988 100 % Preferred K Dividends Ordinary income $ - - $ - - $ 6,927 77 % Capital gain - - - - 2,069 23 % $ - - $ - - $ 8,996 100 % Preferred L Dividends Ordinary income $ 11,185 97 % $ 4,382 38 % $ 8,879 77 % Capital gain 346 3 % 7,149 62 % 2,652 23 % $ 11,531 100 % $ 11,531 100 % $ 11,531 100 % Preferred M Dividends Ordinary income $ 13,469 97 % $ 5,277 38 % $ 10,692 77 % Capital gain 417 3 % 8,609 62 % 3,194 23 % $ 13,886 100 % $ 13,886 100 % $ 13,886 100 % Common Dividends Ordinary income $ 273,272 77 % $ 133,849 38 % $ 328,726 70 % Capital gain 10,647 3 % 214,863 61 % 98,618 21 % Return of capital 70,980 20 % 3,522 1 % 42,265 9 % $ 354,899 100 % $ 352,234 100 % $ 469,609 100 % Total dividends distributed for tax purposes $ 380,316 $ 377,651 $ 528,606 |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | 2021 2020 2019 Income/(loss) before income taxes – U.S. $ 26,421 $ 1,051 $ (1,682 ) (Provision)/benefit for income taxes, net: Federal: Current (2,656 ) (482 ) 3,362 Deferred 312 539 (349 ) Federal tax (provision)/benefit (2,344 ) 57 3,013 State and local: Current (456 ) (48 ) (26 ) Deferred 48 34 (19 ) State and local tax provision (408 ) (14 ) (45 ) Total tax (provision)/benefit – U.S. (2,752 ) 43 2,968 Net income from U.S. TRSs $ 23,669 $ 1,094 $ 1,286 Loss before taxes – Non-U.S. $ (63 ) $ (64 ) $ (599 ) (Provision)/benefit for Non-U.S. income taxes: Current $ - $ 479 $ (69 ) Deferred (529 ) - 418 Non-U.S. tax (provision)/benefit $ (529 ) $ 479 $ 349 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | 2021 2020 2019 Federal (provision)/benefit at statutory tax rate (1) $ (5,548 ) $ (221 ) $ 3,010 State and local provision, net of federal benefit (2) 2,796 (1,236 ) (42 ) Total tax (provision)/benefit – U.S. $ (2,752 ) $ (1,457 ) $ 2,968 |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | 2021 2020 Deferred tax assets: Tax/GAAP basis differences $ 3,286 $ 29,105 Net operating losses (1) 4,580 17,885 Tax credit carryforwards (2) 2,340 2,340 Related party deferred losses - 619 Charitable contribution carryforwards - 23 Valuation allowance (4,067 ) (36,957 ) Total deferred tax assets 6,139 13,015 Deferred tax liabilities (8,058 ) (12,765 ) Net deferred tax (liabilities)/assets $ (1,919 ) $ 250 |
Note 25 - Captive Insurance C_2
Note 25 - Captive Insurance Company (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Schedule of Unpaid Losses and Loss Adjustments [Table Text Block] | 2021 2020 Balance at the beginning of the year $ 13,742 $ 15,664 Incurred related to: Current year 5,375 3,693 Prior years (1) 5,281 (179 ) Total incurred 10,656 3,514 Paid related to: Current year (759 ) (450 ) Prior years (3,984 ) (4,986 ) Total paid (4,743 ) (5,436 ) Balance at the end of the year $ 19,655 $ 13,742 |
Note 26 - Accumulated Other C_2
Note 26 - Accumulated Other Comprehensive Income ("AOCI") (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | Unrealized Gains Related to Defined Benefit Plan Balance as of January 1, 2021 $ - Other comprehensive income before reclassifications 2,216 Amounts reclassified from AOCI - Net current-period other comprehensive income 2,216 Balance as of December 31, 2021 $ 2,216 |
Note 27 - Earnings Per Share (T
Note 27 - Earnings Per Share (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | For the Year Ended December 31, 2021 2020 2019 Computation of Basic and Diluted Earnings Per Share: Net income available to the Company's common shareholders $ 818,643 $ 975,417 $ 339,988 Change in estimated redemption value of redeemable noncontrolling interests 2,304 2,160 - Earnings attributable to participating securities (5,346 ) (6,347 ) (2,599 ) Net income available to the Company’s common shareholders for basic earnings per share 815,601 971,230 337,389 Distributions on convertible units 3,087 161 30 Net income available to the Company’s common shareholders for diluted earnings per share $ 818,688 $ 971,391 $ 337,419 Weighted average common shares outstanding – basic 506,248 429,950 420,370 Effect of dilutive securities (1): Equity awards 2,422 1,475 1,365 Assumed conversion of convertible units 2,715 208 64 Weighted average common shares outstanding – diluted 511,385 431,633 421,799 Net income available to the Company's common shareholders: Basic earnings per share $ 1.61 $ 2.26 $ 0.80 Diluted earnings per share $ 1.60 $ 2.25 $ 0.80 |
Schedule II - Valuation and Q_2
Schedule II - Valuation and Qualifying Accounts (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
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, 2021 Allowance for uncollectable accounts (1) $ 22,377 $ - $ - $ (14,038 ) $ 8,339 Allowance for deferred tax asset $ 36,957 $ - $ (32,890 ) $ - $ 4,067 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 |
Schedule III - Real Estate an_2
Schedule III - Real Estate and Accumulated Depreciation (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Schedule of Real Estate Properties [Table Text Block] | INITIAL COST COST CAPITALIZED SUBSEQUENT TO TOTAL COST, NET OF DATE OF DESCRIPTION State LAND BUILDING AND IMPROVEMENTS ACQUISITION (1) LAND BUILDING AND IMPROVEMENTS TOTAL ACCUMULATED DEPRECIATION ACCUMULATED DEPRECIATION ENCUMBRANCES (2) ACQUISITION(A) CONSTRUCTION(C) SHOPPING CENTERS ARCADIA BILTMORE PLAZA AZ $ 850 $ 1,212 $ - $ 850 $ 1,212 $ 2,062 $ 56 $ 2,006 $ - 2021(A) BELL CAMINO CENTER AZ 2,427 6,439 956 2,427 7,395 9,822 2,580 7,242 - 2012(A) BELL CAMINO-SAFEWAY PARCEL AZ 1,104 4,574 - 1,104 4,574 5,678 400 5,278 - 2019(A) BROADWAY MARKETPLACE AZ 3,517 10,303 1 3,518 10,303 13,821 334 13,487 - 2021(A) CAMELBACK MILLER PLAZA AZ 6,236 29,230 425 6,237 29,654 35,891 859 35,032 - 2021(A) CAMELBACK VILLAGE SQUARE AZ - 13,038 - - 13,038 13,038 383 12,655 - 2021(A) CHRISTOWN SPECTRUM AZ 33,831 91,004 14,816 76,639 63,012 139,651 17,396 122,255 - 2015(A) COLLEGE PARK SHOPPING CENTER AZ 3,277 7,741 1,233 3,277 8,974 12,251 3,382 8,869 - 2011(A) DESERT VILLAGE AZ 6,465 22,025 18 6,465 22,043 28,508 682 27,826 - 2021(A) ENTRADA DE ORO PLAZA AZ 5,700 11,044 33 5,700 11,077 16,777 401 16,376 - 2021(A) FOUNTAIN PLAZA AZ 4,794 20,373 - 4,794 20,373 25,167 369 24,798 - 2021(A) MADERA VILLAGE AZ 3,980 8,110 (35 ) 3,980 8,075 12,055 215 11,840 - 2021(A) MADISON VILLAGE MARKETPLACE AZ 4,090 18,343 107 4,090 18,450 22,540 515 22,025 - 2021(A) MESA RIVERVIEW AZ 15,000 - 141,984 308 156,676 156,984 71,657 85,327 - 2005(C) METRO SQUARE AZ 4,101 16,411 2,391 4,101 18,802 22,903 11,070 11,833 - 1998(A) MONTE VISTA VILLAGE CENTER AZ 4,064 8,344 4 4,064 8,348 12,412 208 12,204 - 2021(A) NORTH VALLEY AZ 6,862 18,201 14,501 4,796 34,768 39,564 7,283 32,281 - 2011(A) PLAZA AT MOUNTAINSIDE AZ 2,450 9,802 2,444 2,450 12,246 14,696 7,755 6,941 - 1997(A) PLAZA DEL SOL AZ 5,325 21,270 1,766 4,578 23,783 28,361 10,966 17,395 - 1998(A) PUEBLO ANOZIRA AZ 7,734 27,063 39 7,734 27,102 34,836 728 34,108 12,617 2021(A) RAINTREE RANCH CENTER AZ 7,720 30,743 11 7,720 30,754 38,474 663 37,811 - 2021(A) RED MOUNTAIN GATEWAY AZ 4,653 10,410 (55 ) 4,653 10,355 15,008 463 14,545 - 2021(A) SCOTTSDALE HORIZON AZ 8,191 36,728 56 8,191 36,784 44,975 953 44,022 - 2021(A) SCOTTSDALE WATERFRONT AZ 15,872 30,112 - 15,872 30,112 45,984 753 45,231 - 2021(A) SHOPPES AT BEARS PATH AZ 3,445 2,874 - 3,445 2,874 6,319 155 6,164 - 2021(A) SQUAW PEAK PLAZA AZ 2,515 17,021 - 2,515 17,021 19,536 455 19,081 - 2021(A) VILLAGE CROSSROADS AZ 5,663 24,981 1,221 5,663 26,202 31,865 7,730 24,135 - 2011(A) 280 METRO CENTER CA 38,735 94,903 80 38,735 94,983 133,718 17,862 115,856 - 2015(A) 580 MARKET PLACE CA 12,769 48,768 14 12,769 48,782 61,551 894 60,657 - 2021(A) 8000 SUNSET STRIP S.C. CA 43,012 85,115 779 43,012 85,894 128,906 2,801 126,105 - 2021(A) AAA BUILDING AT STEVENS CREEK CA 1,661 3,114 - 1,661 3,114 4,775 57 4,718 - 2021(A) ANAHEIM PLAZA CA 34,228 73,765 261 34,228 74,026 108,254 1,366 106,888 - 2021(A) BLACK MOUNTAIN VILLAGE CA 4,678 11,913 2,066 4,678 13,979 18,657 5,628 13,029 - 2007(A) BROOKHURST CENTER CA 10,493 31,358 4,279 22,300 23,830 46,130 5,758 40,372 - 2016(A) BROOKVALE SHOPPING CENTER CA 14,050 19,771 14 14,050 19,785 33,835 326 33,509 - 2021(A) CAMBRIAN PARK PLAZA CA 41,258 2,015 459 41,258 2,474 43,732 1,314 42,418 - 2021(A) CENTERWOOD PLAZA CA 10,981 10,702 (13 ) 10,981 10,689 21,670 287 21,383 - 2021(A) CHICO CROSSROADS CA 9,976 30,535 (5,301 ) 7,905 27,305 35,210 11,630 23,580 - 2008(A) CHINO HILLS MARKETPLACE CA 17,702 72,529 64 17,702 72,593 90,295 1,821 88,474 - 2021(A) CITY HEIGHTS CA 10,687 28,325 (500 ) 13,909 24,603 38,512 5,788 32,724 - 2012(A) CORONA HILLS PLAZA CA 13,361 53,373 11,568 13,361 64,941 78,302 39,950 38,352 - 1998(A) COSTCO PLAZA - 541 CA 4,996 19,983 593 4,996 20,576 25,572 12,605 12,967 - 1998(A) CREEKSIDE CENTER CA 3,871 11,563 532 5,154 10,812 15,966 1,737 14,229 - 2016(A) CROCKER RANCH CA 7,526 24,878 109 7,526 24,987 32,513 5,297 27,216 - 2015(A) CUPERTINO VILLAGE CA 19,886 46,535 27,312 19,886 73,847 93,733 25,083 68,650 - 2006(A) EL CAMINO PROMENADE CA 7,372 37,592 61 7,372 37,653 45,025 741 44,284 - 2021(A) FREEDOM CENTRE CA 8,933 18,622 107 8,933 18,729 27,662 555 27,107 - 2021(A) FULTON MARKET PLACE CA 2,966 6,921 16,632 6,280 20,239 26,519 5,671 20,848 - 2005(A) GATEWAY AT DONNER PASS CA 4,516 8,319 14,359 8,759 18,435 27,194 2,937 24,257 - 2015(A) GATEWAY PLAZA CA 18,372 65,851 - 18,372 65,851 84,223 1,475 82,748 24,298 2021(A) GREENHOUSE MARKETPLACE CA 10,976 27,721 - 10,976 27,721 38,697 881 37,816 - 2021(A) GREENHOUSE MARKETPLACE II CA 5,346 7,188 (16 ) 5,346 7,172 12,518 252 12,266 - 2021(A) HOME DEPOT PLAZA CA 4,592 18,345 - 4,592 18,345 22,937 11,256 11,681 - 1998(A) KENNETH HAHN PLAZA CA 4,115 7,661 (840 ) - 10,936 10,936 4,410 6,526 - 2010(A) LA MIRADA THEATRE CENTER CA 8,817 35,260 (296 ) 6,889 36,892 43,781 21,432 22,349 - 1998(A) LA VERNE TOWN CENTER CA 8,414 23,856 12,491 16,362 28,399 44,761 7,210 37,551 - 2014(A) LABAND VILLAGE SHOPPING CENTER CA 5,600 13,289 (1,026 ) 5,607 12,256 17,863 6,726 11,137 - 2008(A) LAKEWOOD PLAZA CA 1,294 3,669 (3,415 ) - 1,548 1,548 926 622 - 2014(A) LAKEWOOD VILLAGE CA 8,597 24,375 (589 ) 11,683 20,700 32,383 5,960 26,423 - 2014(A) LINCOLN HILLS TOWN CENTER CA 8,229 26,127 518 8,229 26,645 34,874 6,696 28,178 - 2015(A) LINDA MAR SHOPPING CENTER CA 16,549 37,521 5,185 16,549 42,706 59,255 11,151 48,104 - 2014(A) MADISON PLAZA CA 5,874 23,476 4,861 5,874 28,337 34,211 14,694 19,517 - 1998(A) NORTH COUNTY PLAZA CA 10,205 28,934 14 20,895 18,258 39,153 4,908 34,245 - 2014(A) NOVATO FAIR S.C. CA 9,260 15,600 1,965 9,260 17,565 26,825 7,553 19,272 - 2009(A) ON THE CORNER AT STEVENS CREEK CA 1,825 4,641 - 1,825 4,641 6,466 146 6,320 - 2021(A) PLAZA DI NORTHRIDGE CA 12,900 40,575 1,007 12,900 41,582 54,482 16,930 37,552 - 2005(A) POWAY CITY CENTRE CA 5,855 13,792 9,165 7,248 21,564 28,812 10,680 18,132 - 2005(A) RANCHO PENASQUITOS TOWNE CTR I CA 14,852 20,342 758 14,852 21,100 35,952 4,609 31,343 - 2015(A) RANCHO PENASQUITOS TWN CTR II CA 12,945 20,324 795 12,945 21,119 34,064 4,456 29,608 - 2015(A) RANCHO PENASQUITOS-VONS PROP. CA 2,918 9,146 - 2,918 9,146 12,064 745 11,319 - 2019(A) RANCHO SAN MARCOS VILLAGE CA 9,050 29,357 131 9,050 29,488 38,538 616 37,922 - 2021(A) REDWOOD CITY PLAZA CA 2,552 6,215 5,961 2,552 12,176 14,728 2,984 11,744 - 2009(A) SAN DIEGO CARMEL MOUNTAIN CA 5,323 8,874 (1,956 ) 5,323 6,918 12,241 2,447 9,794 - 2009(A) SAN MARCOS PLAZA CA 1,883 12,044 812 1,883 12,856 14,739 307 14,432 - 2021(A) SANTEE TROLLEY SQUARE CA 40,209 62,964 (311 ) 40,209 62,653 102,862 20,184 82,678 - 2015(A) SILVER CREEK PLAZA CA 33,541 53,176 (24 ) 33,541 53,152 86,693 1,185 85,508 - 2021(A) SOUTH NAPA MARKET PLACE CA 1,100 22,159 21,406 23,119 21,546 44,665 13,513 31,152 - 2006(A) SOUTHAMPTON CENTER CA 10,289 64,096 108 10,289 64,204 74,493 1,389 73,104 20,852 2021(A) STANFORD RANCH CA 10,584 30,007 2,882 9,983 33,490 43,473 6,964 36,509 - 2014(A) STEVENS CREEK CENTRAL S.C. CA 41,818 45,886 26 41,818 45,912 87,730 1,188 86,542 - 2021(A) STONY POINT PLAZA CA 10,361 38,054 (31 ) 10,361 38,023 48,384 945 47,439 - 2021(A) TRUCKEE CROSSROADS CA 2,140 28,325 (18,544 ) 2,140 9,781 11,921 6,231 5,690 839 2006(A) WESTLAKE SHOPPING CENTER CA 16,174 64,819 108,258 16,174 173,077 189,251 68,985 120,266 - 2002(A) WESTMINSTER CENTER CA 60,428 64,973 69 60,428 65,042 125,470 3,557 121,913 50,022 2021(A) WHITTWOOD TOWN CENTER CA 57,136 105,815 3,807 57,139 109,619 166,758 21,469 145,289 - 2017(A) CROSSING AT STONEGATE CO 11,909 33,111 37 11,909 33,148 45,057 730 44,327 - 2021(A) DENVER WEST 38TH STREET CO 161 647 455 161 1,102 1,263 598 665 - 1998(A) EAST BANK S.C. CO 1,501 6,180 4,941 1,501 11,121 12,622 4,637 7,985 - 1998(A) EDGEWATER MARKETPLACE CO 7,807 32,706 70 7,807 32,776 40,583 548 40,035 - 2021(A) ENGLEWOOD PLAZA CO 806 3,233 991 806 4,224 5,030 2,426 2,604 - 1998(A) GREELEY COMMONS CO 3,313 20,070 1,896 3,313 21,966 25,279 6,031 19,248 - 2012(A) HERITAGE WEST S.C. CO 1,527 6,124 2,562 1,527 8,686 10,213 4,810 5,403 - 1998(A) HIGHLANDS RANCH II CO 3,515 11,756 1,211 3,515 12,967 16,482 3,949 12,533 - 2013(A) HIGHLANDS RANCH VILLAGE S.C. CO 8,135 21,580 1,147 5,337 25,525 30,862 6,338 24,524 - 2011(A) LOWRY TOWN CENTER CO 3,271 32,685 116 3,271 32,801 36,072 704 35,368 - 2021(A) MARKET AT SOUTHPARK CO 9,783 20,780 4,943 9,783 25,723 35,506 6,694 28,812 - 2011(A) NORTHRIDGE SHOPPING CENTER CO 4,933 16,496 2,839 8,934 15,334 24,268 3,918 20,350 - 2013(A) QUINCY PLACE S.C. CO 1,148 4,608 2,540 1,148 7,148 8,296 4,352 3,944 - 1998(A) RIVER POINT AT SHERIDAN CO 13,223 30,444 646 13,223 31,090 44,313 1,385 42,928 - 2021(A) RIVER POINT AT SHERIDAN II CO 1,255 4,231 - 1,255 4,231 5,486 94 5,392 - 2021(A) VILLAGE CENTER - HIGHLAND RANCH CO 1,140 2,660 284 1,140 2,944 4,084 609 3,475 - 2014(A) VILLAGE CENTER WEST CO 2,011 8,361 641 2,011 9,002 11,013 2,204 8,809 - 2011(A) VILLAGE ON THE PARK CO 2,194 8,886 19,894 3,018 27,956 30,974 7,874 23,100 - 1998(A) BRIGHT HORIZONS CT 1,212 4,611 83 1,212 4,694 5,906 1,484 4,422 - 2012(A) HAMDEN MART CT 13,668 40,890 6,338 14,226 46,670 60,896 10,853 50,043 17,705 2016(A) HOME DEPOT PLAZA CT 7,705 30,798 3,803 7,705 34,601 42,306 19,570 22,736 - 1998(A) NEWTOWN S.C. CT - 15,635 420 - 16,055 16,055 3,211 12,844 - 2014(A) WEST FARM SHOPPING CENTER CT 5,806 23,348 19,621 7,585 41,190 48,775 20,543 28,232 - 1998(A) WILTON CAMPUS CT 10,169 31,893 2,858 10,169 34,751 44,920 10,220 34,700 - 2013(A) WILTON RIVER PARK SHOPPING CTR CT 7,155 27,509 609 7,155 28,118 35,273 7,129 28,144 - 2012(A) BRANDYWINE COMMONS DE - 36,057 (936 ) - 35,121 35,121 8,055 27,066 - 2014(A) CAMDEN SQUARE DE 123 67 4,732 3,024 1,898 4,922 284 4,638 - 2003(A) PROMENADE AT CHRISTIANA DE 14,372 - 6,116 8,340 12,148 20,488 624 19,864 - 2014(C) ARGYLE VILLAGE FL 5,228 36,814 (10 ) 5,228 36,804 42,032 972 41,060 - 2021(A) BELMART PLAZA FL 1,656 3,394 5,722 1,656 9,116 10,772 1,738 9,034 - 2014(A) BOCA LYONS PLAZA FL 13,280 37,751 29 13,280 37,780 51,060 751 50,309 - 2021(A) CAMINO SQUARE FL 574 2,296 (413 ) 734 1,723 2,457 - 2,457 - 1992(A) CARROLLWOOD COMMONS FL 5,220 16,884 3,870 5,220 20,754 25,974 11,873 14,101 - 1997(A) CENTER AT MISSOURI AVENUE FL 294 792 7,412 294 8,204 8,498 2,556 5,942 - 1968(C) CHEVRON OUTPARCEL FL 531 1,253 - 531 1,253 1,784 443 1,341 - 2010(A) COLONIAL PLAZA FL 25,516 54,604 3,762 25,516 58,366 83,882 1,938 81,944 - 2021(A) CORAL POINTE S.C. FL 2,412 20,508 582 2,412 21,090 23,502 4,529 18,973 - 2015(A) CORAL SQUARE PROMENADE FL 710 2,843 4,136 710 6,979 7,689 4,640 3,049 - 1994(A) CORSICA SQUARE S.C. FL 7,225 10,757 292 7,225 11,049 18,274 2,508 15,766 - 2015(A) COUNTRYSIDE CENTRE FL 11,116 41,581 322 11,116 41,903 53,019 1,447 51,572 - 2021(A) CURLEW CROSSING SHOPPING CTR FL 5,316 12,529 3,004 5,316 15,533 20,849 7,404 13,445 - 2005(A) DANIA POINTE FL 105,113 - 34,796 26,094 113,815 139,909 7,264 132,645 - 2016(C) DANIA POINTE - PHASE II (3) FL - - 261,609 26,550 235,059 261,609 7,406 254,203 - 2016(C) EMBASSY LAKES FL 6,565 18,104 - 6,565 18,104 24,669 357 24,312 - 2021(A) FLAGLER PARK FL 26,163 80,737 6,449 26,725 86,624 113,349 30,326 83,023 - 2007(A) FT LAUDERDALE #1, FL FL 1,003 2,602 16,713 1,774 18,544 20,318 11,768 8,550 - 1974(C) FT. LAUDERDALE/CYPRESS CREEK FL 14,259 28,042 4,135 14,259 32,177 46,436 12,733 33,703 - 2009(A) GRAND OAKS VILLAGE FL 7,409 19,654 (36 ) 5,846 21,181 27,027 5,717 21,310 - 2011(A) GROVE GATE S.C. FL 366 1,049 793 366 1,842 2,208 1,658 550 - 1968(C) IVES DAIRY CROSSING FL 733 4,080 11,483 721 15,575 16,296 10,671 5,625 - 1985(A) KENDALE LAKES PLAZA FL 18,491 28,496 (785 ) 15,362 30,840 46,202 10,356 35,846 - 2009(A) LARGO PLAZA FL 23,571 63,604 84 23,571 63,688 87,259 1,917 85,342 - 2021(A) MAPLEWOOD PLAZA FL 1,649 6,626 1,883 1,649 8,509 10,158 4,991 5,167 - 1997(A) MARATHON SHOPPING CENTER FL 2,413 8,069 1,634 1,515 10,601 12,116 2,620 9,496 - 2013(A) MERCHANTS WALK FL 2,581 10,366 10,577 2,581 20,943 23,524 11,594 11,930 - 2001(A) MILLENIA PLAZA PHASE II FL 7,711 20,703 4,994 7,698 25,710 33,408 10,303 23,105 - 2009(A) MILLER ROAD S.C. FL 1,138 4,552 4,682 1,138 9,234 10,372 6,344 4,028 - 1986(A) MILLER WEST PLAZA FL 6,726 10,661 312 6,726 10,973 17,699 2,427 15,272 - 2015(A) MISSION BELL SHOPPING CENTER FL 5,056 11,843 8,727 5,067 20,559 25,626 8,468 17,158 - 2004(A) NASA PLAZA FL - 1,754 4,682 - 6,436 6,436 4,381 2,055 - 1968(C) OAK TREE PLAZA FL - 917 2,533 - 3,450 3,450 2,727 723 - 1968(C) OAKWOOD BUSINESS CTR-BLDG 1 FL 6,793 18,663 3,578 6,793 22,241 29,034 8,378 20,656 - 2009(A) OAKWOOD PLAZA NORTH FL 35,301 141,731 (716 ) 35,301 141,015 176,316 23,678 152,638 - 2016(A) OAKWOOD PLAZA SOUTH FL 11,127 40,592 (155 ) 11,127 40,437 51,564 7,552 44,012 - 2016(A) PALMS AT TOWN & COUNTRY FL 30,137 94,674 2 30,137 94,676 124,813 2,195 122,618 - 2021(A) PALMS AT TOWN & COUNTRY LIFESTYLE FL 26,597 92,088 46 26,597 92,134 118,731 2,231 116,500 - 2021(A) PARK HILL PLAZA FL 10,764 19,264 1,214 10,764 20,478 31,242 5,703 25,539 - 2011(A) PHILLIPS CROSSING FL - 53,536 51 - 53,587 53,587 1,114 52,473 - 2021(A) PLANTATION CROSSING FL 2,782 8,077 2,633 2,782 10,710 13,492 1,750 11,742 - 2017(A) POMPANO POINTE S.C. FL 10,517 14,356 628 10,517 14,984 25,501 2,410 23,091 - 2012(A) RENAISSANCE CENTER FL 9,104 36,541 14,476 9,123 50,998 60,121 24,146 35,975 - 1998(A) RIVERPLACE SHOPPING CTR. FL 7,503 31,011 2,167 7,200 33,481 40,681 12,073 28,608 - 2010(A) RIVERSIDE LANDINGS S.C. FL 3,512 14,440 454 3,512 14,894 18,406 3,108 15,298 - 2015(A) SEA RANCH CENTRE FL 3,298 21,259 48 3,298 21,307 24,605 512 24,093 - 2021(A) SHOPPES AT DEERFIELD FL 19,069 69,485 20 19,069 69,505 88,574 1,843 86,731 - 2021(A) SHOPPES AT DEERFIELD II FL 788 6,388 - 788 6,388 7,176 123 7,053 - 2021(A) SHOPS AT SANTA BARBARA PHASE 1 FL 743 5,374 243 743 5,617 6,360 1,215 5,145 - 2015(A) SHOPS AT SANTA BARBARA PHASE 2 FL 332 2,489 46 332 2,535 2,867 585 2,282 - 2015(A) SHOPS AT SANTA BARBARA PHASE 3 FL 330 2,359 49 330 2,408 2,738 510 2,228 - 2015(A) SODO S.C. FL - 68,139 5,733 142 73,730 73,872 24,057 49,815 - 2008(A) SOUTH MIAMI S.C. FL 1,280 5,134 4,664 1,280 9,798 11,078 5,550 5,528 - 1995(A) SUNSET 19 S.C. FL 12,460 55,354 - 12,460 55,354 67,814 1,438 66,376 - 2021(A) TJ MAXX PLAZA FL 10,341 38,660 72 10,341 38,732 49,073 918 48,155 - 2021(A) TRI-CITY PLAZA FL 2,832 11,329 23,671 2,832 35,000 37,832 7,793 30,039 - 1992(A) TUTTLEBEE PLAZA FL 255 828 2,478 255 3,306 3,561 2,269 1,292 - 2008(A) UNIVERSITY TOWN CENTER FL 5,515 13,041 683 5,515 13,724 19,239 4,583 14,656 - 2011(A) VILLAGE COMMONS S.C. FL 2,026 5,106 2,056 2,026 7,162 9,188 2,114 7,074 - 2013(A) VILLAGE COMMONS SHOPPING CENTER FL 2,192 8,774 5,510 2,192 14,284 16,476 7,721 8,755 - 1998(A) VILLAGE GREEN CENTER FL 11,405 13,466 - 11,405 13,466 24,871 391 24,480 17,753 2021(A) VIZCAYA SQUARE FL 5,773 20,965 - 5,773 20,965 26,738 515 26,223 - 2021(A) WELLINGTON GREEN COMMONS FL 19,528 32,521 - 19,528 32,521 52,049 726 51,323 16,066 2021(A) WELLINGTON GREEN PAD SITES FL 3,854 1,777 1,007 3,854 2,784 6,638 84 6,554 - 2021(A) WINN DIXIE-MIAMI FL 2,990 9,410 (52 ) 3,544 8,804 12,348 1,775 10,573 - 2013(A) WINTER PARK CORNERS FL 5,191 42,530 11 5,191 42,541 47,732 729 47,003 - 2021(A) BRAELINN VILLAGE GA 7,315 20,739 (569 ) 3,731 23,754 27,485 5,398 22,087 - 2014(A) BROWNSVILLE COMMONS GA 593 5,488 - 593 5,488 6,081 142 5,939 - 2021(A) CAMP CREEK MARKETPLACE II GA 4,441 38,596 - 4,441 38,596 43,037 1,205 41,832 - 2021(A) CHATHAM PLAZA GA 13,390 35,116 1,976 13,403 37,079 50,482 15,020 35,462 - 2008(A) EMBRY VILLAGE GA 18,147 33,010 4,422 18,161 37,418 55,579 24,425 31,154 - 2008(A) GRAYSON COMMONS GA 2,600 13,358 - 2,600 13,358 15,958 574 15,384 3,011 2021(A) LAKESIDE MARKETPLACE GA 2,238 28,579 149 2,238 28,728 30,966 702 30,264 - 2021(A) LAWRENCEVILLE MARKET GA 8,878 29,691 1,084 9,060 30,593 39,653 8,800 30,853 - 2013(A) MARKET AT HAYNES BRIDGE GA 4,881 21,549 1,656 4,890 23,196 28,086 9,130 18,956 - 2008(A) PERIMETER EXPO PROPERTY GA 14,770 44,295 2,489 16,142 45,412 61,554 8,687 52,867 - 2016(A) PERIMETER VILLAGE GA 5,418 67,522 - 5,418 67,522 72,940 1,531 71,409 27,757 2021(A) RIVERWALK MARKETPLACE GA 3,512 18,863 148 3,512 19,011 22,523 3,436 19,087 - 2015(A) ROSWELL CORNERS GA 4,536 47,054 - 4,536 47,054 51,590 965 50,625 - 2021(A) ROSWELL CROSSING GA 6,270 45,338 - 6,270 45,338 51,608 989 50,619 - 2021(A) SAVANNAH CENTER GA 2,052 8,233 5,538 2,052 13,771 15,823 8,711 7,112 - 1993(A) THOMPSON BRIDGE COMMONS GA 414 1,576 - 414 1,576 1,990 19 1,971 - 2021(A) CLIVE PLAZA IA 501 2,002 - 501 2,002 2,503 1,330 1,173 - 1996(A) HAWTHORN HILLS SQUARE IL 6,784 33,034 3,258 6,784 36,292 43,076 11,681 31,395 - 2012(A) PLAZA DEL PRADO IL 10,204 28,410 1,923 10,204 30,333 40,537 6,104 34,433 - 2017(A) SKOKIE POINTE IL - 2,276 9,713 2,628 9,361 11,989 4,931 7,058 - 1997(A) GREENWOOD S.C. IN 423 1,883 20,577 1,641 21,242 22,883 4,931 17,952 - 1970(C) LINWOOD SQUARE IN 3,411 8,687 888 3,411 9,575 12,986 715 12,271 4,805 2019(A) FESTIVAL ON JEFFERSON COURT KY 5,627 26,790 225 5,627 27,015 32,642 827 31,815 - 2021(A) ADAMS PLAZA MA 2,089 3,227 179 2,089 3,406 5,495 824 4,671 - 2014(A) BROADWAY PLAZA MA 6,485 343 - 6,485 343 6,828 194 6,634 - 2014(A) FALMOUTH PLAZA MA 2,361 13,066 1,819 2,361 14,885 17,246 3,239 14,007 - 2014(A) FELLSWAY PLAZA MA 5,300 11,014 1,203 5,300 12,217 17,517 2,482 15,035 - 2014(A) FESTIVAL OF HYANNIS S.C. MA 15,038 40,683 1,818 15,038 42,501 57,539 10,767 46,772 - 2014(A) GLENDALE SQUARE MA 4,699 7,141 393 4,699 7,534 12,233 1,907 10,326 - 2014(A) LINDEN PLAZA MA 4,628 3,535 607 4,628 4,142 8,770 1,562 7,208 - 2014(A) MAIN ST. PLAZA MA 556 2,139 (33 ) 523 2,139 2,662 619 2,043 - 2014(A) MEMORIAL PLAZA MA 16,411 27,554 1,008 16,411 28,562 44,973 5,762 39,211 - 2014(A) MILL ST. PLAZA MA 4,195 6,203 471 4,195 6,674 10,869 1,544 9,325 - 2014(A) MORRISSEY PLAZA MA 4,097 3,751 1,587 4,097 5,338 9,435 442 8,993 - 2014(A) NORTH AVE. PLAZA MA 1,164 1,195 32 1,164 1,227 2,391 431 1,960 - 2014(A) NORTH QUINCY PLAZA MA 6,333 17,954 (275 ) 3,894 20,118 24,012 4,057 19,955 - 2014(A) PARADISE PLAZA MA 4,183 12,195 1,815 4,183 14,010 18,193 3,732 14,461 - 2014(A) VINNIN SQUARE IN-LINE MA 582 2,095 (78 ) 582 2,017 2,599 377 2,222 - 2014(A) VINNIN SQUARE PLAZA MA 5,545 16,324 356 5,545 16,680 22,225 4,743 17,482 - 2014(A) WASHINGTON ST. PLAZA MA 11,008 5,652 9,872 12,958 13,574 26,532 3,898 22,634 - 2014(A) WASHINGTON ST. S.C. MA 7,381 9,987 2,096 7,381 12,083 19,464 2,747 16,717 - 2014(A) WAVERLY PLAZA MA 1,215 3,623 321 1,203 3,956 5,159 1,021 4,138 - 2014(A) CENTRE COURT-GIANT MD 3,854 12,770 127 3,854 12,897 16,751 3,835 12,916 4,029 2011(A) CENTRE COURT-OLD COURT/COURTYD MD 2,279 5,285 43 2,279 5,328 7,607 1,443 6,164 - 2011(A) CENTRE COURT-RETAIL/BANK MD 1,035 7,786 285 1,035 8,071 9,106 2,003 7,103 754 2011(A) COLUMBIA CROSSING MD 3,613 34,345 1,719 3,613 36,064 39,677 6,711 32,966 - 2015(A) COLUMBIA CROSSING II SHOP.CTR. MD 3,138 19,868 4,561 3,138 24,429 27,567 4,869 22,698 - 2013(A) COLUMBIA CROSSING OUTPARCELS MD 1,279 2,871 33,379 9,980 27,549 37,529 5,067 32,462 - 2011(A) DORSEY'S SEARCH VILLAGE CENTER MD 6,322 27,996 663 6,322 28,659 34,981 5,266 29,715 - 2015(A) ENCHANTED FOREST S.C. MD 20,124 34,345 772 20,124 35,117 55,241 7,824 47,417 - 2014(A) FULLERTON PLAZA MD 14,238 6,744 10,579 14,238 17,323 31,561 3,097 28,464 - 2014(A) GAITHERSBURG S.C. MD 245 6,788 2,028 245 8,816 9,061 4,751 4,310 - 1999(A) GREENBRIER S.C. MD 8,891 30,305 904 8,891 31,209 40,100 6,552 33,548 - 2014(A) HARPER'S CHOICE MD 8,429 18,374 1,699 8,429 20,073 28,502 4,142 24,360 - 2015(A) HICKORY RIDGE MD 7,184 26,948 1,101 7,184 28,049 35,233 5,174 30,059 - 2015(A) HICKORY RIDGE (SUNOCO) MD 543 2,122 - 543 2,122 2,665 490 2,175 - 2015(A) INGLESIDE S.C. MD 10,417 17,889 510 10,417 18,399 28,816 4,492 24,324 - 2014(A) KENTLANDS MARKET SQUARE MD 20,167 84,615 18,335 20,167 102,950 123,117 14,255 108,862 - 2016(A) KINGS CONTRIVANCE MD 9,308 31,760 1,351 9,308 33,111 42,419 7,837 34,582 - 2014(A) LAUREL PLAZA MD 350 1,398 6,607 1,571 6,784 8,355 2,863 5,492 - 1995(A) LAUREL PLAZA MD 275 1,101 174 275 1,275 1,550 1,242 308 - 1972(C) MILL STATION DEVELOPMENT MD 21,321 - 62,742 16,076 67,987 84,063 2,726 81,337 - 2015(C) MILL STATION THEATER/RSTRNTS MD 23,379 1,090 (3,688 ) 14,738 6,043 20,781 1,428 19,353 - 2016(C) PIKE CENTER MD - 61,389 9 - 61,398 61,398 981 60,417 - 2021(A) PUTTY HILL PLAZA MD 4,192 11,112 795 4,192 11,907 16,099 3,800 12,299 - 2013(A) RADCLIFFE CENTER MD 12,043 21,188 (128 ) 12,043 21,060 33,103 5,106 27,997 - 2014(A) RIVERHILL VILLAGE CENTER MD 16,825 23,282 511 16,825 23,793 40,618 6,146 34,472 - 2014(A) SHAWAN PLAZA MD 4,466 20,222 (182 ) 4,466 20,040 24,506 13,178 11,328 - 2008(A) SHOPPES AT EASTON MD 6,524 16,402 (2,697 ) 5,630 14,599 20,229 3,637 16,592 - 2014(A) SHOPS AT DISTRICT HEIGHTS MD 8,166 21,971 (1,376 ) 7,298 21,463 28,761 3,677 25,084 - 2015(A) SNOWDEN SQUARE S.C. MD 1,929 4,558 5,155 3,326 8,316 11,642 2,378 9,264 - 2012(A) TIMONIUM CROSSING MD 2,525 14,863 852 2,525 15,715 18,240 3,253 14,987 - 2014(A) TIMONIUM SQUARE MD 6,000 24,283 14,185 7,311 37,157 44,468 19,119 25,349 - 2003(A) TOWSON PLACE MD 43,887 101,765 5,468 43,271 107,849 151,120 28,733 122,387 - 2012(A) VILLAGES AT URBANA MD 3,190 6 20,188 4,829 18,555 23,384 3,565 19,819 - 2003(A) WILDE LAKE MD 1,468 5,870 26,645 2,577 31,406 33,983 12,054 21,929 - 2002(A) WILKENS BELTWAY PLAZA MD 9,948 22,126 2,094 9,948 24,220 34,168 5,023 29,145 - 2014(A) YORK ROAD PLAZA MD 4,277 37,206 416 4,277 37,622 41,899 7,339 34,560 - 2014(A) CENTURY PLAZA MI 179 926 1,030 96 2,039 2,135 1,010 1,125 - 1968(C) THE FOUNTAINS AT ARBOR LAKES MN 28,585 66,699 14,655 29,485 80,454 109,939 35,630 74,309 - 2006(A) CENTER POINT S.C. MO - 550 - - 550 550 550 - - 1998(A) BRENNAN STATION NC 7,750 20,557 229 6,322 22,214 28,536 7,151 21,385 - 2011(A) BRENNAN STATION OUTPARCEL NC 628 1,666 (188 ) 450 1,656 2,106 455 1,651 - 2011(A) CAPITAL SQUARE NC 3,528 12,159 - 3,528 12,159 15,687 401 15,286 - 2021(A) CLOVERDALE PLAZA NC 541 720 7,680 541 8,400 8,941 4,520 4,421 - 1969(C) CROSSROADS PLAZA NC 768 3,099 1,233 768 4,332 5,100 2,424 2,676 - 2000(A) CROSSROADS PLAZA NC 13,406 86,456 281 13,406 86,737 100,143 19,910 80,233 - 2014(A) DAVIDSON COMMONS NC 2,979 12,860 446 2,979 13,306 16,285 3,581 12,704 - 2012(A) FALLS POINTE NC 4,049 27,415 - 4,049 27,415 31,464 545 30,919 - 2021(A) HIGH HOUSE CROSSING NC 3,604 10,950 86 3,604 11,036 14,640 385 14,255 - 2021(A) HOPE VALLEY COMMONS NC 3,743 16,808 - 3,743 16,808 20,551 361 20,190 - 2021(A) JETTON VILLAGE SHOPPES NC 3,875 10,292 622 2,144 12,645 14,789 3,431 11,358 - 2011(A) LEESVILLE TOWNE CENTRE NC 5,693 37,053 (108 ) 5,693 36,945 42,638 666 41,972 - 2021(A) MOORESVILLE CROSSING NC 12,014 30,604 500 11,626 31,492 43,118 13,845 29,273 - 2007(A) NORTHWOODS S.C. NC 2,696 9,397 - 2,696 9,397 12,093 278 11,815 - 2021(A) PARK PLACE SC NC 5,461 16,163 4,894 5,470 21,048 26,518 9,191 17,327 - 2008(A) PLEASANT VALLEY PROMENADE NC 5,209 20,886 22,926 5,209 43,812 49,021 24,173 24,848 - 1993(A) QUAIL CORNERS NC 7,318 26,676 1,825 7,318 28,501 35,819 5,989 29,830 14,023 2014(A) SIX FORKS S.C. NC - 78,366 24 - 78,390 78,390 1,857 76,533 - 2021(A) STONEHENGE MARKET NC 3,848 37,900 - 3,848 37,900 41,748 624 41,124 - 2021(A) TYVOLA SQUARE NC - 4,736 8,911 - 13,647 13,647 10,547 3,100 - 1986(A) WOODLAWN MARKETPLACE NC 919 3,571 3,174 919 6,745 7,664 4,654 3,010 - 2008(A) WOODLAWN SHOPPING CENTER NC 2,011 5,834 2,156 2,011 7,990 10,001 2,328 7,673 - 2012(A) ROCKINGHAM PLAZA NH 2,661 10,644 24,026 3,149 34,182 37,331 16,298 21,033 - 2008(A) WEBSTER SQUARE NH 11,683 41,708 6,180 11,683 47,888 59,571 10,271 49,300 - 2014(A) WEBSTER SQUARE - DSW NH 1,346 3,638 132 1,346 3,770 5,116 733 4,383 - 2017(A) WEBSTER SQUARE NORTH NH 2,163 6,511 132 2,163 6,643 8,806 1,528 7,278 - 2016(A) CENTRAL PLAZA NJ 3,170 10,603 2,051 5,145 10,679 15,824 3,490 12,334 - 2013(A) CLARK SHOPRITE 70 CENTRAL AVE NJ 3,497 11,694 995 13,960 2,226 16,186 1,330 14,856 - 2013(A) COMMERCE CENTER EAST NJ 1,519 5,080 1,753 7,235 1,117 8,352 697 7,655 - 2013(A) COMMERCE CENTER WEST NJ 386 1,290 161 794 1,043 1,837 309 1,528 - 2013(A) COMMONS AT HOLMDEL NJ 16,538 38,760 8,641 16,538 47,401 63,939 20,078 43,861 - 2004(A) EAST WINDSOR VILLAGE NJ 9,335 23,778 694 9,335 24,472 33,807 8,927 24,880 - 2008(A) GARDEN STATE PAVILIONS NJ 7,531 10,802 21,623 12,204 27,752 39,956 10,594 29,362 - 2011(A) HILLVIEW SHOPPING CENTER NJ 16,008 32,607 1,870 16,008 34,477 50,485 6,941 43,544 - 2014(A) HOLMDEL TOWNE CENTER NJ 10,825 43,301 11,442 10,825 54,743 65,568 27,535 38,033 - 2002(A) MAPLE SHADE NJ - 9,958 2,301 - 12,259 12,259 3,893 8,366 - 2009(A) MARLTON PLAZA NJ - 4,319 153 - 4,472 4,472 2,841 1,631 - 1996(A) NORTH BRUNSWICK PLAZA NJ 3,205 12,820 29,278 3,205 42,098 45,303 23,881 21,422 - 1994(A) PISCATAWAY TOWN CENTER NJ 3,852 15,411 1,636 3,852 17,047 20,899 10,236 10,663 - 1998(A) PLAZA AT HILLSDALE NJ 7,602 6,994 1,655 7,602 8,649 16,251 2,371 13,880 - 2014(A) PLAZA AT SHORT HILLS NJ 20,155 11,062 526 20,155 11,588 31,743 3,109 28,634 - 2014(A) RIDGEWOOD S.C. NJ 450 2,107 1,303 450 3,410 3,860 2,139 1,721 - 1993(A) SHOP RITE PLAZA NJ 2,418 6,364 2,690 2,418 9,054 11,472 7,539 3,933 - 1985(C) UNION CRESCENT III NJ 7,895 3,011 28,966 8,697 31,175 39,872 20,691 19,181 - 2007(A) WESTMONT PLAZA NJ 602 2,405 13,926 602 16,331 16,933 8,784 8,149 - 1994(A) WILLOWBROOK PLAZA NJ 15,320 40,997 10,704 15,320 51,701 67,021 10,970 56,051 - 2009(A) NORTH TOWNE PLAZA - ALBUQUERQUE NM 3,598 33,327 64 3,598 33,391 36,989 972 36,017 - 2021(A) CHARLESTON COMMONS NV 29,704 24,267 85 29,704 24,352 54,056 1,318 52,738 - 2021(A) COLLEGE PARK S.C.-N LAS VEGAS NV 2,100 18,413 - 2,100 18,413 20,513 621 19,892 - 2021(A) D'ANDREA MARKETPLACE NV 11,556 29,435 599 11,556 30,034 41,590 11,333 30,257 - 2007(A) DEL MONTE PLAZA NV 2,489 5,590 248 2,210 6,117 8,327 3,503 4,824 931 2006(A) DEL MONTE PLAZA ANCHOR PARCEL NV 6,513 17,600 156 6,520 17,749 24,269 2,733 21,536 - 2017(A) FRANCISCO CENTER NV 1,800 10,085 37 1,800 10,122 11,922 370 11,552 - 2021(A) GALENA JUNCTION NV 8,931 17,503 976 8,931 18,479 27,410 4,791 22,619 - 2015(A) MCQUEEN CROSSINGS NV 5,017 20,779 1,058 5,017 21,837 26,854 6,949 19,905 - 2015(A) RANCHO TOWNE & COUNTRY NV 7,785 13,364 - 7,785 13,364 21,149 421 20,728 - 2021(A) REDFIELD PROMENADE NV 4,415 32,035 907 4,415 32,942 37,357 10,264 27,093 - 2015(A) SPARKS MERCANTILE NV 6,222 17,069 419 6,222 17,488 23,710 4,709 19,001 - 2015(A) 501 NORTH BROADWAY NY - 1,176 (60 ) - 1,116 1,116 501 615 - 2007(A) AIRPORT PLAZA NY 22,711 107,012 6,450 22,711 113,462 136,173 25,807 110,366 - 2015(A) BELLMORE S.C. NY 1,272 3,184 1,712 1,272 4,896 6,168 2,504 3,664 - 2004(A) BIRCHWOOD PLAZA COMMACK NY 3,630 4,775 1,358 3,630 6,133 9,763 2,417 7,346 - 2007(A) BRIDGEHAMPTON COMMONS-W&E SIDE NY 1,812 3,107 40,364 1,858 43,425 45,283 25,183 20,100 - 1972(C) CHAMPION FOOD SUPERMARKET NY 758 1,875 (25 ) 2,241 367 2,608 243 2,365 - 2012(A) ELMONT S.C. NY 3,012 7,606 6,718 3,012 14,324 17,336 4,958 12,378 - 2004(A) ELMSFORD CENTER 1 NY 4,134 1,193 - 4,134 1,193 5,327 296 5,031 - 2013(A) ELMSFORD CENTER 2 NY 4,076 15,599 1,118 4,245 16,548 20,793 4,784 16,009 - 2013(A) FAMILY DOLLAR UNION TURNPIKE NY 909 2,250 258 1,057 2,360 3,417 654 2,763 - 2012(A) FOREST AVENUE PLAZA NY 4,559 10,441 3,084 4,559 13,525 18,084 4,703 13,381 - 2005(A) FRANKLIN SQUARE S.C. NY 1,079 2,517 3,588 1,079 6,105 7,184 2,365 4,819 - 2004(A) GREENRIDGE PLAZA NY 2,940 11,812 7,502 3,148 19,106 22,254 10,529 11,725 - 1997(A) HAMPTON BAYS PLAZA NY 1,495 5,979 3,439 1,495 9,418 10,913 8,421 2,492 - 1989(A) HICKSVILLE PLAZA NY 3,543 8,266 2,571 3,543 10,837 14,380 4,737 9,643 - 2004(A) INDEPENDENCE PLAZA NY 12,279 34,814 (155 ) 16,132 30,806 46,938 8,980 37,958 - 2014(A) JERICHO COMMONS SOUTH NY 12,368 33,071 3,587 12,368 36,658 49,026 14,301 34,725 3,567 2007(A) KEY FOOD - 21ST STREET NY 1,091 2,700 (165 ) 1,669 1,957 3,626 473 3,153 - 2012(A) KEY FOOD - ATLANTIC AVE NY 2,273 5,625 509 4,809 3,598 8,407 1,061 7,346 - 2012(A) KEY FOOD - CENTRAL AVE. NY 2,788 6,899 (395 ) 2,603 6,689 9,292 1,686 7,606 - 2012(A) KINGS HIGHWAY NY 2,744 6,811 2,266 2,744 9,077 11,821 4,308 7,513 - 2004(A) KISSENA BOULEVARD SHOPPING CTR NY 11,610 2,933 1,608 11,610 4,541 16,151 1,297 14,854 - 2007(A) LITTLE NECK PLAZA NY 3,277 13,161 6,151 3,277 19,312 22,589 9,599 12,990 - 2003(A) MANETTO HILL PLAZA NY 264 584 15,940 264 16,524 16,788 7,613 9,175 - 1969(C) MANHASSET CENTER NY 4,567 19,166 33,383 3,472 53,644 57,116 30,942 26,174 - 1999(A) MARKET AT BAY SHORE NY 12,360 30,708 6,720 12,360 37,428 49,788 16,564 33,224 11,979 2006(A) MASPETH QUEENS-DUANE READE NY 1,872 4,828 1,037 1,872 5,865 7,737 2,474 5,263 - 2004(A) MILLERIDGE INN NY 7,500 481 (48 ) 7,500 433 7,933 58 7,875 - 2015(A) MINEOLA CROSSINGS NY 4,150 7,521 377 4,150 7,898 12,048 2,841 9,207 - 2007(A) NORTH MASSAPEQUA S.C. NY 1,881 4,389 (1,887 ) - 4,383 4,383 4,317 66 - 2004(A) OCEAN PLAZA NY 564 2,269 19 564 2,288 2,852 1,095 1,757 - 2003(A) RALPH AVENUE PLAZA NY 4,414 11,340 4,037 4,414 15,377 19,791 6,509 13,282 - 2004(A) RICHMOND S.C. NY 2,280 9,028 21,538 2,280 30,566 32,846 16,976 15,870 - 1989(A) ROMAINE PLAZA NY 782 1,826 594 782 2,420 3,202 1,039 2,163 - 2005(A) SHOPRITE S.C. NY 872 3,488 - 872 3,488 4,360 2,600 1,760 - 1998(A) SMITHTOWN PLAZA NY 3,528 7,364 561 3,437 8,016 11,453 3,697 7,756 - 2009(A) SYOSSET S.C. NY 107 76 2,267 107 2,343 2,450 1,356 1,094 - 1990(C) THE BOULEVARD NY 28,724 38,232 233,215 28,724 271,447 300,171 20,132 280,039 - 2006(A) TURNPIKE PLAZA NY 2,472 5,839 1,046 2,472 6,885 9,357 2,363 6,994 - 2011(A) VETERANS MEMORIAL PLAZA NY 5,968 23,243 20,820 5,980 44,051 50,031 18,877 31,154 - 1998(A) WHITE PLAINS S.C. NY 1,778 4,454 2,894 1,778 7,348 9,126 2,892 6,234 - 2004(A) JANTZEN BEACH CENTER OR 57,575 102,844 494 57,588 103,325 160,913 19,131 141,782 - 2017(A) OREGON TRAIL CENTER OR 5,802 12,623 641 5,802 13,264 19,066 6,152 12,914 - 2009(A) CENTER SQUARE SHOPPING CENTER PA 732 2,928 1,264 691 4,233 4,924 3,054 1,870 - 1996(A) CRANBERRY TOWNSHIP-PARCEL 1&2 PA 10,271 30,770 1,898 6,070 36,869 42,939 6,536 36,403 - 2016(A) CROSSROADS PLAZA PA 789 3,155 13,983 976 16,951 17,927 11,272 6,655 - 1986(A) DEVON VILLAGE PA 4,856 25,847 (387 ) 4,856 25,460 30,316 7,865 22,451 - 2012(A) FRANKFORD AVENUE S.C. PA 732 2,928 - 732 2,928 3,660 1,902 1,758 - 1996(A) HARRISBURG EAST SHOPPING CTR. PA 453 6,665 11,650 3,003 15,765 18,768 9,185 9,583 - 2002(A) HOLIDAY CENTER PA 7,727 20,014 (4,846 ) 6,098 16,797 22,895 5,070 17,825 - 2015(A) HORSHAM POINT PA 3,813 18,189 95 3,813 18,284 22,097 3,434 18,663 - 2015(A) LINCOLN SQUARE PA 90,479 - 75,216 10,533 155,162 165,695 10,299 155,396 - 2017(C) NORRITON SQUARE PA 686 2,665 4,342 774 6,919 7,693 5,369 2,324 - 1984(A) POCONO PLAZA PA 1,050 2,373 18,004 1,050 20,377 21,427 2,216 19,211 - 1973(C) SHOPPES AT WYNNEWOOD PA 7,479 - 3,676 7,479 3,676 11,155 523 10,632 - 2015(C) SHREWSBURY SQUARE S.C. PA 8,066 16,998 (2,109 ) 6,172 16,783 22,955 3,839 19,116 - 2014(A) SPRINGFIELD S.C. PA 920 4,982 13,543 920 18,525 19,445 12,111 7,334 - 1983(A) SUBURBAN SQUARE PA 70,680 166,351 82,114 71,280 247,865 319,145 66,410 252,735 - 2007(A) TOWNSHIP LINE S.C. PA 732 2,928 - 732 2,928 3,660 1,902 1,758 - 1996(A) WAYNE PLAZA PA 6,128 15,605 751 6,136 16,348 22,484 6,130 16,354 - 2008(A) WEXFORD PLAZA PA 6,414 9,775 10,954 6,299 20,844 27,143 6,481 20,662 - 2010(A) WHITEHALL MALL PA - 5,196 - - 5,196 5,196 3,375 1,821 - 1996(A) WHITELAND TOWN CENTER PA 732 2,928 59 732 2,987 3,719 1,949 1,770 - 1996(A) WHOLE FOODS AT WYNNEWOOD PA 15,042 - 11,785 13,772 13,055 26,827 1,371 25,456 - 2014(C) LOS COLOBOS - BUILDERS SQUARE PR 4,405 9,628 (538 ) 4,461 9,034 13,495 8,375 5,120 - 2006(A) LOS COLOBOS - KMART PR 4,595 10,120 (1,127 ) 4,402 9,186 13,588 8,406 5,182 - 2006(A) LOS COLOBOS I PR 12,891 26,047 553 13,613 25,878 39,491 13,443 26,048 - 2006(A) LOS COLOBOS II PR 14,894 30,681 1,025 15,142 31,458 46,600 16,337 30,263 - 2006(A) MANATI VILLA MARIA SC PR 2,781 5,673 1,794 2,607 7,641 10,248 4,501 5,747 - 2006(A) PLAZA CENTRO - COSTCO PR 3,628 10,752 (455 ) 3,866 10,059 13,925 5,279 8,646 - 2006(A) PLAZA CENTRO - MALL PR 19,873 58,719 2,543 19,408 61,727 81,135 28,023 53,112 - 2006(A) PLAZA CENTRO - RETAIL PR 5,936 16,510 362 6,026 16,782 22,808 7,631 15,177 - 2006(A) PLAZA CENTRO - SAM'S CLUB PR 6,643 20,225 (1,170 ) 6,520 19,178 25,698 17,974 7,724 - 2006(A) PONCE TOWNE CENTER PR 14,433 28,449 5,238 14,903 33,217 48,120 20,674 27,446 - 2006(A) REXVILLE TOWN CENTER PR 24,873 48,688 7,647 25,678 55,530 81,208 34,411 46,797 - 2006(A) TRUJILLO ALTO PLAZA PR 12,054 24,446 4,909 12,289 29,120 41,409 16,509 24,900 - 2006(A) WESTERN PLAZA - MAYAGUEZ ONE PR 10,858 12,253 794 11,242 12,663 23,905 10,248 13, |
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] | 2021 2020 2019 Balance, beginning of period $ 12,068,827 $ 11,929,276 $ 11,877,190 Additions during period: Acquisitions 5,765,363 10,449 43,971 Improvements 153,698 210,390 404,211 Transfers from unconsolidated joint ventures 785,334 - - Deductions during period: Sales and assets held-for-sale (205,057 ) (30,764 ) (307,608 ) Transfers to operating lease right-of-use assets, net - - (8,526 ) Transfers to unconsolidated joint ventures (433,829 ) - - Adjustment for fully depreciated assets (82,065 ) (45,042 ) (43,081 ) Adjustment of property carrying values - (5,482 ) (36,881 ) Balance, end of period $ 18,052,271 $ 12,068,827 $ 11,929,276 |
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Table Text Block] | 2021 2020 2019 Balance, beginning of period $ 2,717,114 $ 2,500,053 $ 2,385,288 Additions during period: Depreciation for year 378,416 265,144 260,534 Deductions during period: Sales and assets held-for-sale (2,766 ) (3,041 ) (88,080 ) Transfers to operating lease right-of-use assets, net - - (1,342 ) Adjustment for fully depreciated assets/other (82,065 ) (45,042 ) (56,347 ) Balance, end of period $ 3,010,699 $ 2,717,114 $ 2,500,053 |
Schedule IV - Mortgage Loans _2
Schedule IV - Mortgage Loans on Real Estate (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
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 Mesa, AZ 12.00 % Aug-21 I $ - $ 500 $ 500 $ 500 Pompano, FL 12.00 % Dec-22 I - 25,000 25,000 - Jacksonville, FL 10.00 % Nov-26 I - 15,000 15,000 - San Antonio, TX 12.50 % Sep-27 I - 21,500 21,500 - Las Vegas, NV 12.00 % May-33 I - 3,075 3,075 - Las Vegas, NV 7.00 % Oct-53 I - 3,410 3,410 - Nonretail Commack, NY 7.41 % Oct-26 P&I - 1,354 211 - Melbourne, FL 6.88 % Dec-30 P&I - 500 226 - Other Financing Loans: Nonretail Borrower A 5.00 % Apr-22 P&I - 175 105 - Borrower B 7.00 % Mar-31 P&I - 397 375 - Borrower C 8.00 % Jun-22 I - 5,000 5,000 - Allowance for Credit losses: (1,300 ) $ - $ 75,911 $ 73,102 $ 500 |
Note 1 - Summary of Significa_2
Note 1 - Summary of Significant Accounting Policies (Details Textual) $ / shares in Units, $ in Thousands | Aug. 03, 2021shares | Jul. 15, 2021$ / sharesshares | Apr. 15, 2021$ / sharesshares | Dec. 31, 2021USD ($)shares | Dec. 31, 2020USD ($) | Dec. 31, 2019USD ($) |
Business Combination, Acquisition Related Costs | $ 50,191 | $ 0 | $ 0 | |||
Real Estate Under Development Period After Completion Cessation of Cost Capitalization (Year) | 1 year | |||||
Restricted Cash, Total | $ 9,000 | 200 | ||||
Number of Portfolio Segments | 1 | |||||
Financing Receivable Past Due Term (Day) | 90 days | |||||
Capitalized Computer Software, Net, Ending Balance | $ 18,400 | 19,100 | ||||
Capitalized Computer Software, Amortization | 3,100 | 3,200 | 1,700 | |||
Payment, Tax Withholding, Share-based Payment Arrangement | 20,842 | 5,379 | 3,971 | |||
Proceeds from Change in Tenants' Security Deposits | $ 1,561 | (199) | 778 | |||
Revision of Prior Period, Reclassification, Adjustment [Member] | ||||||
Increase (Decrease) in Other Loans | 5,600 | 3,200 | ||||
Payment, Tax Withholding, Share-based Payment Arrangement | 5,400 | 4,000 | ||||
Proceeds from Change in Tenants' Security Deposits | $ 200 | $ (800) | ||||
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 | |||||
Tax Increment Revenue Bonds [Member] | ||||||
Debt Securities, Held-to-maturity, Allowance for Credit Loss, Ending Balance | $ 0 | |||||
Investment Cash Held as Collateral for Letters of Credit [Member] | ||||||
Restricted Cash, Total | $ 6,500 | |||||
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 | |||||
Weingarten Realty Investors [Member] | ||||||
Dividends Payable, Amount Per Share (in dollars per share) | $ / shares | $ 0.69 | |||||
Dividends Payable, Date to be Paid | Aug. 2, 2021 | |||||
Dividends Payable, Date of Record | Jul. 28, 2021 | |||||
Weingarten Realty Investors [Member] | ||||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares Per Each Acquired Company Share (in shares) | shares | 1.408 | 1.408 | 1.408 | |||
Business Combination, Consideration Transferred, Cash Per Each Acquired Company Share (in dollars per share) | $ / shares | $ 2.20 | $ 2.89 | ||||
Business Combination, Acquisition Related Costs | $ 50,200 | |||||
Number of Properties Associated with Finance Leases Obtained in Business Acquisition | 2 |
Note 2 - Weingarten Merger (Det
Note 2 - Weingarten Merger (Details Textual) $ / shares in Units, $ in Thousands | Aug. 03, 2021USD ($)$ / sharesshares | Jul. 15, 2021shares | Apr. 15, 2021shares | Dec. 31, 2021USD ($) | Dec. 31, 2020USD ($) | Dec. 31, 2019USD ($) |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net, Total | $ 896,707 | $ 7,073 | ||||
Business Combination, Acquisition Related Costs | $ 50,191 | $ 0 | $ 0 | |||
Measurement Input, Credit Spread [Member] | Weighted Average [Member] | Secured Debt [Member] | ||||||
Long-term Debt, Measurement Input | 0.0333 | |||||
Measurement Input, Variable Rate [Member] | Secured Debt [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||||||
Debt Instrument, Measurement Input | 0.0214 | |||||
Weingarten Realty Investors [Member] | ||||||
Business Combination, Consideration Transferred, Total | $ 4,059,159 | |||||
Payments to Acquire Businesses, Gross | $ 281,100 | |||||
Business Acquisition, Share Price (in dollars per share) | $ / shares | $ 20.78 | |||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares Per Each Acquired Company Share (in shares) | shares | 1.408 | 1.408 | 1.408 | |||
Business Combination, Reimbursements Paid to Acquiree | $ 39,300 | |||||
Number of Properties Acquired | 149 | |||||
Properties Acquired, Number Held Through Joint Venture Programs | 30 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net, Total | $ 4,100,000 | |||||
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual | $ 198,300 | |||||
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual | 25,800 | |||||
Business Combination, Acquisition Related Costs | $ 50,200 | |||||
Weingarten Realty Investors [Member] | Measurement Input, Cap Rate [Member] | Valuation, Income Approach [Member] | Minimum [Member] | ||||||
Real Estate, Measurement Input | 0.045 | |||||
Weingarten Realty Investors [Member] | Measurement Input, Cap Rate [Member] | Valuation, Income Approach [Member] | Maximum [Member] | ||||||
Real Estate, Measurement Input | 0.095 | |||||
Weingarten Realty Investors [Member] | Measurement Input, Cap Rate [Member] | Valuation Technique, Discounted Cash Flow [Member] | Minimum [Member] | ||||||
Real Estate, Measurement Input | 0.060 | |||||
Weingarten Realty Investors [Member] | Measurement Input, Cap Rate [Member] | Valuation Technique, Discounted Cash Flow [Member] | Maximum [Member] | ||||||
Real Estate, Measurement Input | 0.0825 | |||||
Weingarten Realty Investors [Member] | Measurement Input, Discount Rate [Member] | Valuation Technique, Discounted Cash Flow [Member] | Minimum [Member] | ||||||
Real Estate, Measurement Input | 0.0675 | |||||
Weingarten Realty Investors [Member] | Measurement Input, Discount Rate [Member] | Valuation Technique, Discounted Cash Flow [Member] | Maximum [Member] | ||||||
Real Estate, Measurement Input | 0.090 |
Note 2 - Weingarten Merger - WR
Note 2 - Weingarten Merger - WRI Common Shares Converted to Kimco Common Shares (Details) - Weingarten Realty Investors [Member] - shares | Aug. 03, 2021 | Jul. 15, 2021 | Apr. 15, 2021 |
Weingarten common shares outstanding as of August 3, 2021 (in shares) | 127,784,006 | ||
Exchange ratio (in shares) | 1.408 | 1.408 | 1.408 |
Kimco common stock issued (in shares) | 179,919,880 |
Note 2 - Weingarten Merger - In
Note 2 - Weingarten Merger - Information Regarding Consideration Transferred, Purchase Price Allocation, and Asset Lives (Details) - USD ($) $ / shares in Units, $ in Thousands | Aug. 03, 2021 | Dec. 31, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Right-of-use intangible assets (Year) | 25 years 7 months 6 days | 25 years 7 months 6 days | ||||
Leases, Acquired-in-Place [Member] | ||||||
Intangible | $ 48,648 | $ 48,648 | $ 925 | |||
Intangible assets, weighted average amortization period (Year) | 9 years 1 month 6 days | 19 years 4 months 24 days | ||||
Above Market Leases [Member] | ||||||
Intangible | 6,581 | $ 6,581 | $ 0 | |||
Intangible assets, weighted average amortization period (Year) | 6 years 6 months | |||||
Tenant Improvements [Member] | ||||||
Intangible | 16,391 | $ 16,391 | $ 382 | |||
Intangible assets, weighted average amortization period (Year) | 8 years 6 months | 19 years 4 months 24 days | ||||
Building [Member] | ||||||
Weighted-average amortization period, Property Plant and Equipment (Year) | 50 years | 50 years | ||||
Building Improvements [Member] | ||||||
Weighted-average amortization period, Property Plant and Equipment (Year) | 45 years | 45 years | ||||
Below-market Leases [Member] | ||||||
Intangible | 39,712 | $ 39,712 | $ 0 | |||
Intangible assets, weighted average amortization period (Year) | 38 years 10 months 24 days | |||||
Weingarten Realty Investors [Member] | ||||||
Price of Kimco Common Stock (in dollars per share) | $ 20.78 | |||||
Kimco common stock issued (in shares) | 179,919,880 | |||||
Calculated Value of WRI Consideration | $ 3,738,735 | |||||
Cash Consideration | [1] | 320,424 | ||||
Total Value of Consideration | 4,059,159 | |||||
Land | 1,174,407 | |||||
Building and improvements | 4,040,244 | |||||
Real estate assets | 5,627,469 | |||||
Investments in and advances to real estate joint ventures | 585,382 | 585,382 | $ 585,382 | 0 | $ 0 | |
Cash, accounts receivable and other assets | 241,582 | |||||
Total assets acquired | 6,454,433 | |||||
Notes payable | (1,497,632) | (1,497,632) | (1,497,632) | 0 | 0 | |
Mortgages payable | (317,671) | (317,671) | (317,671) | 0 | 0 | |
Accounts payable and other liabilities | (283,559) | |||||
Below-market leases | (119,373) | (119,373) | (119,373) | 0 | 0 | |
Noncontrolling interests | (177,039) | $ (177,039) | $ (177,039) | $ 0 | $ 0 | |
Total liabilities assumed | (2,395,274) | |||||
Total purchase price | 4,059,159 | |||||
Right-of-use intangible assets (Year) | 30 years 10 months 24 days | 30 years 10 months 24 days | ||||
Fair market value of debt adjustment (Year) | 3 years 8 months 12 days | |||||
Weingarten Realty Investors [Member] | Leases, Acquired-in-Place [Member] | ||||||
Intangible | 370,685 | |||||
Intangible assets, weighted average amortization period (Year) | 5 years 7 months 6 days | |||||
Weingarten Realty Investors [Member] | Above Market Leases [Member] | ||||||
Intangible | $ 42,133 | |||||
Intangible assets, weighted average amortization period (Year) | 10 years 1 month 6 days | |||||
Weingarten Realty Investors [Member] | Tenant Improvements [Member] | ||||||
Weighted-average amortization period, Property Plant and Equipment (Year) | 7 years 1 month 6 days | |||||
Weingarten Realty Investors [Member] | Building [Member] | ||||||
Weighted-average amortization period, Property Plant and Equipment (Year) | 50 years | |||||
Weingarten Realty Investors [Member] | Building Improvements [Member] | ||||||
Weighted-average amortization period, Property Plant and Equipment (Year) | 45 years | |||||
Weingarten Realty Investors [Member] | Fixtures and Leasehold Improvements [Member] | ||||||
Weighted-average amortization period, Property Plant and Equipment (Year) | 6 years 2 months 12 days | |||||
Weingarten Realty Investors [Member] | Below-market Leases [Member] | ||||||
Weighted-average amortization period, Property Plant and Equipment (Year) | 31 years 6 months | |||||
[1] | Amounts include additional consideration of $39.3 million relating to reimbursements paid by the Company to Weingarten at the closing of the Merger for transaction costs incurred by Weingarten. |
Note 2 - Weingarten Merger - Pr
Note 2 - Weingarten Merger - Pro Forma Information (Details) - Weingarten Realty Investors [Member] - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | ||
Revenues from rental properties, net | $ 2,341.4 | $ 2,234.9 | |
Net income | [1] | 1,114.6 | 1,193.1 |
Net income available to the Company’s common shareholders (1) | [1] | $ 1,084.1 | $ 1,166.3 |
[1] | The pro forma earnings for the year ended December 31, 2021 were adjusted to exclude $50.2 million of merger costs while the pro forma earnings for the year ended December 31, 2020 were adjusted to include $50.2 million of merger costs incurred. |
Note 3 - Real Estate (Details T
Note 3 - Real Estate (Details Textual) - USD ($) | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Off-market Lease, Unfavorable | $ 336,600,000 | $ 231,300,000 | |
In-place Leases, Tenant Relationships and Above-market Leases [Member] | |||
Finite-Lived Intangible Assets, Accumulated Amortization | 569,648 | 499,022 | |
Below Market Rents [Member] | |||
Finite-Lived Intangible Assets, Accumulated Amortization | 227,500,000 | 219,600,000 | |
Above and Below Market Leases [Member] | |||
Amortization of above and below Market Leases | 14,800,000 | 22,500,000 | $ 20,000,000 |
In-place Leases and Tenant Relationships [Member] | |||
Amortization of above and below Market Leases | $ 80,100,000 | $ 26,300,000 | $ 33,100,000 |
Note 3 - Real Estate - Componen
Note 3 - Real Estate - Components of Rental Property (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 | |
Land | $ 3,978,775 | $ 2,781,888 | |
Buildings and improvements | 14,067,824 | 9,281,267 | |
Real estate | 18,046,599 | 12,063,155 | |
Accumulated depreciation and amortization (1) | [1] | (3,010,699) | (2,717,114) |
Total real estate, net | 15,035,900 | 9,346,041 | |
Land [Member] | |||
Land | 3,962,447 | 2,758,936 | |
Undeveloped Land [Member] | |||
Land | 16,328 | 22,952 | |
Building [Member] | |||
Buildings and improvements | 10,042,225 | 5,911,602 | |
Building Improvements [Member] | |||
Buildings and improvements | 1,999,319 | 1,918,641 | |
Tenant Improvements [Member] | |||
Buildings and improvements | 987,216 | 820,027 | |
Fixtures and Leasehold Improvements [Member] | |||
Buildings and improvements | 31,421 | 32,123 | |
Above Market Leases [Member] | |||
Buildings and improvements | 166,840 | 125,858 | |
In-place Leases [Member] | |||
Buildings and improvements | $ 840,803 | $ 473,016 | |
[1] | At December 31, 2021 and 2020, the Company had accumulated amortization relating to in-place leases and above-market leases aggregating $569,648 and $499,022, respectively. |
Note 3 - Real Estate - Estimate
Note 3 - Real Estate - Estimated Net Amortization Income (Expense) (Details) $ in Millions | Dec. 31, 2021USD ($) |
Above-market and below-market leases amortization, net, 2022 | $ 14.5 |
Above-market and below-market leases amortization, net, 2023 | 14.5 |
Above-market and below-market leases amortization, net, 2024 | 14.3 |
Above-market and below-market leases amortization, net, 2025 | 13.9 |
Above-market and below-market leases amortization, net, 2026 | 14.1 |
In-place Leases [Member] | |
In-place leases amortization, 2022 | (138.6) |
In-place leases amortization, 2023 | (95.4) |
In-place leases amortization, 2024 | (66.3) |
In-place leases amortization, 2025 | (44.9) |
In-place leases amortization, 2026 | $ (31) |
Note 4 - Property Acquisition_2
Note 4 - Property Acquisitions (Details Textual) - USD ($) $ in Millions | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Oct. 31, 2021 | Sep. 30, 2021 | |
Prepaid Rent | $ 17.7 | |||
Real Estate Revenue From Acquisitions During Period | 10.3 | $ 0.4 | ||
Jamestown [Member] | ||||
Equity Method Investment, Ownership Percentage | 30.00% | |||
Kim Pru [Member] | ||||
Equity Method Investment, Ownership Percentage | 15.00% | |||
Centro Arlington [Member] | ||||
Equity Method Investment, Ownership Percentage | 90.00% | |||
Equity in Income of Joint Ventures, Net [Member] | ||||
Gain (Loss) on Change of Control of Equity Investments | $ 5 |
Note 4 - Property Acquisition_3
Note 4 - Property Acquisitions - Acquisition of Operating Properties (Details) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021USD ($)ft² | Dec. 31, 2020USD ($)ft² | ||
Purchase price, cash | $ 357,694 | ||
Purchase price, debt | 234,169 | ||
Purchase price, other consideration | 304,844 | ||
Purchase price, total | $ 896,707 | ||
GLA (Square Foot) | ft² | [1] | 3,256 | |
Purchase Price Cash | $ 357,694 | ||
Jamestown [Member] | |||
Purchase price, cash | 172,899 | ||
Purchase price, debt | [2] | 170,000 | |
Purchase price, other consideration | [2] | 87,094 | |
Purchase price, total | [2] | $ 429,993 | |
GLA (Square Foot) | ft² | [1],[2] | 1,226 | |
Purchase Price Cash | $ 172,899 | ||
Kim Pru [Member] | |||
Purchase price, cash | 61,705 | ||
Purchase price, debt | [2] | 64,169 | |
Purchase price, other consideration | [2] | 15,212 | |
Purchase price, total | [2] | $ 141,086 | |
GLA (Square Foot) | ft² | [1],[2] | 478 | |
Purchase Price Cash | $ 61,705 | ||
Columbia Crossing [Member] | |||
Purchase price, cash | 12,600 | ||
Purchase price, debt | 0 | ||
Purchase price, other consideration | 0 | ||
Purchase price, total | $ 12,600 | ||
GLA (Square Foot) | ft² | [1] | 45 | |
Purchase Price Cash | $ 12,600 | ||
Centro Arlington [Member] | |||
Purchase price, cash | 24,178 | ||
Purchase price, debt | [2] | 0 | |
Purchase price, other consideration | [2] | 184,850 | |
Purchase price, total | [2] | $ 209,028 | |
GLA (Square Foot) | ft² | [1],[2] | 72 | |
Purchase Price Cash | $ 24,178 | ||
Distribution Center 1 [Member] | Lancaster, CA [Member] | |||
Purchase price, cash | 58,723 | ||
Purchase price, debt | [3] | 0 | |
Purchase price, other consideration | [3] | 11,277 | |
Purchase price, total | [3] | $ 70,000 | |
GLA (Square Foot) | ft² | [1],[3] | 927 | |
Purchase Price Cash | $ 58,723 | ||
North Valley Parcel [Member] | |||
Purchase price, cash | $ 7,073 | ||
GLA (Square Foot) | ft² | [1] | 9,000 | |
Purchase Price Cash | $ 7,073 | ||
Distribution Center 2 [Member] | Woodland, CA [Member] | |||
Purchase price, cash | 27,589 | ||
Purchase price, debt | [3] | 0 | |
Purchase price, other consideration | [3] | 6,411 | |
Purchase price, total | [3] | $ 34,000 | |
GLA (Square Foot) | ft² | [1],[3] | 508 | |
Purchase Price Cash | $ 27,589 | ||
[1] | Gross leasable area ("GLA") | ||
[2] | Other includes the Company’s previously held equity investments and net gains on change in control. The Company evaluated these transactions pursuant to the FASB’s Consolidation guidance and as a result, recognized net gains on change in control of interests of $5.0 million, in aggregate, resulting from the fair value adjustments associated with the Company’s previously held equity interests, which are included in Equity in income of joint ventures, net on the Company’s Consolidated Statements of Income. The Company previously held an ownership interest of 30.0% in Jamestown Portfolio, 15.0% in KimPru Portfolio and 90.0% in Centro Arlington. | ||
[3] | Other consists of the fair value of the assets acquired which exceeded the purchase price upon closing. The transaction was a sale-leaseback with the seller which resulted in the recognition of a prepayment of rent of $17.7 million in accordance with ASC 842, Leases at closing. The prepayment of rent was amortized over the initial term of the lease through Revenues from rental properties, net on the Company's Consolidated Statements of Operations. See Footnote 16 of the Company’s Consolidated Financial Statements for additional discussion regarding fair value allocation of partnership interest for noncontrolling interests. |
Note 4 - Property Acquisition_4
Note 4 - Property Acquisitions - Purchase Price Allocation (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Other assets | $ 21,331 | $ 0 |
Other liabilities | (8,974) | 0 |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net, Total | 896,707 | 7,073 |
Tenant Improvements [Member] | ||
Intangible | $ 16,391 | $ 382 |
Weighted-average amortization period, finite-lived in tangibles (Year) | 8 years 6 months | 19 years 4 months 24 days |
Allocation, finite-lived in tangibles | $ (16,391) | $ (382) |
Leases, Acquired-in-Place [Member] | ||
Intangible | $ 48,648 | $ 925 |
Weighted-average amortization period, finite-lived in tangibles (Year) | 9 years 1 month 6 days | 19 years 4 months 24 days |
Allocation, finite-lived in tangibles | $ (48,648) | $ (925) |
Above Market Leases [Member] | ||
Intangible | $ 6,581 | 0 |
Weighted-average amortization period, finite-lived in tangibles (Year) | 6 years 6 months | |
Allocation, finite-lived in tangibles | $ (6,581) | 0 |
Land [Member] | ||
Allocation, Property Plant and Equipment | 154,320 | 935 |
Building [Member] | ||
Allocation, Property Plant and Equipment | $ 679,646 | $ 4,610 |
Weighted-average amortization period, Property Plant and Equipment (Year) | 50 years | 50 years |
Building Improvements [Member] | ||
Allocation, Property Plant and Equipment | $ 18,476 | $ 221 |
Weighted-average amortization period, Property Plant and Equipment (Year) | 45 years | 45 years |
Below-market Leases [Member] | ||
Intangible | $ 39,712 | $ 0 |
Weighted-average amortization period, finite-lived in tangibles (Year) | 38 years 10 months 24 days | |
Allocation, finite-lived in tangibles | $ (39,712) | $ 0 |
Note 5 - Dispositions of Real_3
Note 5 - Dispositions of Real Estate (Details Textual) $ in Millions | 1 Months Ended | 2 Months Ended | 12 Months Ended | |||||
Oct. 31, 2021 | Dec. 31, 2021USD ($) | Dec. 31, 2021USD ($) | Dec. 31, 2020USD ($) | Dec. 31, 2019USD ($) | [2] | |||
Disposal Group, Including Discontinued Operation, Consideration | $ 612.4 | [1] | $ 612.4 | [1] | $ 31.8 | $ 344.7 | ||
Equity Method Investments | $ 1,000 | 1,000 | $ 590.7 | |||||
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, Net of Tax, Attributable to Noncontrolling Interest | 3 | |||||||
Discontinued Operation, Tax Effect of Gain (Loss) from Disposal of Discontinued Operation | 2.2 | |||||||
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | ||||||||
Proceeds from Sale of Real Estate, Total | 32.5 | |||||||
Gains (Losses) on Sales of Investment Real Estate | $ 4.3 | |||||||
Joint Venture with BREIT [Member] | ||||||||
Equity Method Investment, Ownership Percentage | 50.00% | 50.00% | ||||||
Equity Method Investments | $ 130.1 | $ 130.1 | ||||||
Non-recouse Mortgage Debt Related to Property Deconsolidated [Member] | ||||||||
Debt Instrument, Increase (Decrease), Net, Total | $ (170) | (170) | ||||||
Jamestown [Member] | ||||||||
Number of Real Estate Properties, Interest Disposed of or Transferred | 6 | |||||||
Disposal Group, Including Discontinued Operation, Consideration | $ 425.8 | $ 425.8 | ||||||
Deconsolidation, Gain (Loss), Amount | $ 0.4 | |||||||
Jamestown [Member] | ||||||||
Business Acquisition, Percentage of Voting Interests Acquired | 70.00% | |||||||
Number of Real Estate Properties, Remaining Interest Acquired | 6 | |||||||
[1] | During 2021, the Company purchased its partner’s 70.0% remaining interest in Jamestown Portfolio, which is comprised of six property interests. The Company then entered into a joint venture with Blackstone Real Estate Income Trust, Inc. (“BREIT”) in which it contributed these six properties for a gross sales price of $425.8 million, including $170.0 million of non-recourse mortgage debt. As a result, the Company no longer consolidates these six property interests and recognized a loss on change in control of interests of $0.4 million. The Company has a 50.0% investment in this joint venture ($130.1 million as of the date of deconsolidation), included in Investments in and advances to real estate joint ventures on the Company’s Consolidated Balance Sheets. | |||||||
[2] | Includes the sale of a land parcel at a development project located in Dania Beach, FL for a sales price of $32.5 million, which resulted in a gain of $4.3 million. |
Note 5 - Dispositions of Real_4
Note 5 - Dispositions of Real Estate - Disposition Activity (Details) $ in Millions | 12 Months Ended | |||||
Dec. 31, 2021USD ($) | [1] | Dec. 31, 2020USD ($) | Dec. 31, 2019USD ($) | [2] | ||
Aggregate sales price/gross fair value | $ 612.4 | $ 31.8 | $ 344.7 | |||
Number of operating properties sold/deconsolidated | 13 | 3 | 20 | |||
Disposition Activity Relating to Consolidated Operating Properties and Parcels [Member] | ||||||
Gain on sale of properties | [3] | $ 30.8 | $ 6.5 | $ 79.2 | ||
Number of parcels sold | 10 | 4 | 9 | |||
[1] | During 2021, the Company purchased its partner’s 70.0% remaining interest in Jamestown Portfolio, which is comprised of six property interests. The Company then entered into a joint venture with Blackstone Real Estate Income Trust, Inc. (“BREIT”) in which it contributed these six properties for a gross sales price of $425.8 million, including $170.0 million of non-recourse mortgage debt. As a result, the Company no longer consolidates these six property interests and recognized a loss on change in control of interests of $0.4 million. The Company has a 50.0% investment in this joint venture ($130.1 million as of the date of deconsolidation), included in Investments in and advances to real estate joint ventures on the Company’s Consolidated Balance Sheets. | |||||
[2] | Includes the sale of a land parcel at a development project located in Dania Beach, FL for a sales price of $32.5 million, which resulted in a gain of $4.3 million. | |||||
[3] | Before noncontrolling interests of $3.0 million and taxes of $2.2 million, after utilization of net operating loss carryforwards, for the year ended December 31, 2021. |
Note 6 - Impairments (Details T
Note 6 - Impairments (Details Textual) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Equity Method Investments [Member] | |||
Impairment of Real Estate | $ 2.9 | $ 0.8 | $ 5.6 |
Note 6 - Impairments - Asset Im
Note 6 - Impairments - Asset Impairment Charges (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | ||
Gross property impairment charges | $ 3,597 | $ 6,624 | $ 48,743 | |
Total net impairment charges | 3,600 | 6,600 | 48,700 | |
Properties Marketed for Sale [Member] | ||||
Gross property impairment charges | [1] | 2,700 | 5,500 | 12,500 |
Disposed Operating Properties [Member] | ||||
Gross property impairment charges | [2] | 0 | 1,100 | 36,200 |
Cost Method Investment [Member] | ||||
Gross property impairment charges | [3] | $ 900 | $ 0 | $ 0 |
[1] | Amounts 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. | |||
[2] | Amounts relate to dispositions/deeds in lieu/foreclosures during the respective years shown. | |||
[3] | Amounts relate to a cost method investment 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) $ in Thousands | 1 Months Ended | 12 Months Ended | ||||
Oct. 31, 2021USD ($) | Dec. 31, 2021USD ($)ft² | Dec. 31, 2020USD ($)ft² | Dec. 31, 2019USD ($) | Aug. 03, 2021USD ($)ft² | ||
Gross Leasable Area (Square Foot) | ft² | [1] | 3,256 | ||||
Joint Venture, Number of Property Interests | 6 | |||||
Payments to Acquire Interest in Joint Venture | $ 425,800 | $ 12,571 | $ 15,882 | $ 27,665 | ||
Other Liabilities, Total | 510,382 | 324,538 | ||||
Equity Method Investments | $ 1,000,000 | $ 590,700 | ||||
Weingarten Realty Investors [Member] | ||||||
Secured Debt Assumed by Joint Ventures in Business Combination, Including Fair Market Value Adjustment | $ 191,500 | |||||
Secured Debt Assumed by Joint Ventures in Business Combination, Fair Market Value Adjustment | $ 800 | |||||
Prudential Investment Program [Member] | ||||||
Tangible Asset Impairment Charges, Total | 29,900 | |||||
All Equity Method Investments [Member] | ||||||
Number of Real Estate Properties | 120 | 97 | ||||
Gross Leasable Area (Square Foot) | ft² | 24.7 | 21,200,000 | ||||
Unconsolidated Joint Ventures Acquired in Weingarten Merger [Member] | ||||||
Number of Real Estate Properties | 30 | |||||
Gross Leasable Area (Square Foot) | ft² | 4,400,000 | |||||
Number of Joint Ventures | 9 | |||||
Joint Ventures, Fair Market Value | $ 586,200 | |||||
Prudential Investment Program [Member] | ||||||
Tangible Asset Impairment Charges, Total | $ 3,700 | |||||
Real Estate Joint Ventures [Member] | Operating Properties [Member] | ||||||
Number of Real Estate Properties, Interest Disposed of or Transferred | 4 | 9 | ||||
Number of Land Parcels Sold | 1 | |||||
Equity Method Investment, Sales Price | $ 88,900 | $ 247,400 | ||||
Equity Method Investment, Realized Gain (Loss) on Disposal, Total | $ 9,900 | $ 14,400 | ||||
Number of Real Estate Properties, Remaining Interest Acquired | 9 | |||||
Real Estate Investments, Net, Total | $ 780,100 | |||||
Gain (Loss) on Change of Control of Equity Investments | 5,000 | |||||
KIR [Member] | ||||||
Equity Method Investment, Ownership Percentage | 48.60% | |||||
Other Joint Venture Programs [Member] | ||||||
Other Liabilities, Total | $ 4,800 | $ 3,700 | ||||
[1] | Gross leasable area ("GLA") |
Note 7 - Investments In and A_4
Note 7 - Investments In and Advances to Real Estate Joint Ventures - Investment Details (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
The company's investment | $ 18,052,271 | $ 12,068,827 | $ 11,929,276 | $ 11,877,190 | |
Kim Pru and Kim Pru II [Member] | |||||
Average ownership interest | 15.00% | ||||
The company's investment | $ 163,000 | 175,100 | |||
Kimco Income Fund [Member] | |||||
Average ownership interest | 48.60% | ||||
The company's investment | $ 186,000 | 177,400 | |||
CPP [Member] | |||||
Average ownership interest | 55.00% | ||||
The company's investment | $ 165,100 | 159,700 | |||
Other Institutional Joint Ventures [Member] | |||||
The company's investment | [1],[2] | 281,800 | 0 | ||
Other Joint Venture Programs [Member] | |||||
The company's investment | [2] | 211,000 | 78,500 | ||
All Equity Method Investments [Member] | |||||
The company's investment | [3] | $ 1,006,900 | $ 590,700 | ||
[1] | During 2021, the Company entered into a new joint venture with BREIT in which it contributed six properties for a gross sales price of $425.8 million. See Footnote 5 of the Notes to Consolidated Financial Statements for the operating properties disposed by the Company. | ||||
[2] | In connection with the Merger, the Company acquired ownership in 9 unconsolidated joint ventures, which have a fair market value of $586.2 million at the time of Merger. These joint ventures represented 30 property interests and 4.4 million square feet of GLA. | ||||
[3] | Representing 120 property interests and 24.7 million square feet of GLA, as of December 31, 2021, and 97 property interests and 21.2 million square feet of GLA, as of December 31, 2020. |
Note 7 - Investments In and A_5
Note 7 - Investments In and Advances to Real Estate Joint Ventures - The Company's Share of Net Income/(Loss) (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | ||
Prudential Investment Program [Member] | ||||
Income of joint ventures, net | [1] | $ 17,500 | $ 9,000 | $ 10,400 |
KIR [Member] | ||||
Income of joint ventures, net | 36,900 | 30,500 | 50,300 | |
CPP [Member] | ||||
Income of joint ventures, net | 9,200 | 5,600 | 5,800 | |
Other Institutional Joint Ventures [Member] | ||||
Income of joint ventures, net | 1,700 | 0 | 0 | |
Other Joint Venture Programs [Member] | ||||
Income of joint ventures, net | 19,500 | 2,300 | 5,700 | |
Joint Ventures [Member] | ||||
Income of joint ventures, net | $ 84,778 | $ 47,353 | $ 72,162 | |
[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 $3.7 million. |
Note 7 - Investments In and A_6
Note 7 - Investments In and Advances to Real Estate Joint Ventures - Joint Venture Investments Accounted for Under the Equity Method, Debt Details (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | ||
Mortgage and notes payable | $ 1,638.7 | $ 1,541 | |
Prudential Investment Program [Member] | |||
Mortgage and notes payable | $ 426.9 | $ 495.8 | |
Weighted average interest rate | 2.02% | 2.05% | |
Weighted average remaining term (Month) | [1] | 45 months 18 days | 37 months 6 days |
KIR [Member] | |||
Mortgage and notes payable | $ 492.6 | $ 536.9 | |
Weighted average interest rate | 2.55% | 3.87% | |
Weighted average remaining term (Month) | [1] | 27 months 27 days | 25 months 9 days |
CPP [Member] | |||
Mortgage and notes payable | $ 84.2 | $ 84.9 | |
Weighted average interest rate | 1.85% | 3.25% | |
Weighted average remaining term (Month) | [1] | 55 months | 30 months |
Other Institutional Joint Ventures [Member] | |||
Mortgage and notes payable | [2] | $ 232.9 | $ 0 |
Weighted average interest rate | [2] | 1.65% | 0.00% |
Weighted average remaining term (Month) | [1],[2] | 59 months 21 days | |
Other Joint Venture Programs [Member] | |||
Mortgage and notes payable | [2] | $ 402.1 | $ 423.4 |
Weighted average interest rate | [2] | 3.58% | 3.41% |
Weighted average remaining term (Month) | [1],[2] | 83 months | 86 months 21 days |
[1] | Average remaining term includes extensions | ||
[2] | As of the date of the Merger, the Company acquired ownership in 9 unconsolidated joint ventures, which had an aggregate $191.5 million of secured debt (including a fair market value adjustment of $0.8 million). |
Note 7 - Investment and Advance
Note 7 - Investment and Advances in Real Estate Joint Ventures - Investment and Advances to Real Estate Joint Ventures - Balance Sheets (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Total real estate, net | $ 15,035,900 | $ 9,346,041 | |||
Other assets | 195,715 | 97,225 | |||
Assets, Total | [1] | 18,459,199 | 11,614,498 | ||
Notes payable, net | 7,027,050 | 5,044,208 | |||
Secured Debt, Total | 448,652 | 311,272 | |||
Other Liabilities, Total | 510,382 | 324,538 | |||
Members’ capital | 9,899,389 | 5,608,044 | |||
Total Liabilities and Members’ Capital | 18,459,199 | 11,614,498 | |||
Stockholders' Equity Attributable to Noncontrolling Interest, Ending Balance | 210,793 | 62,210 | |||
Members’ capital | 10,110,182 | 5,670,254 | $ 4,928,907 | $ 5,411,053 | |
KIR [Member] | Equity Method Investment, Nonconsolidated Investee or Group of Investees [Member] | |||||
Total real estate, net | 769,400 | 787,100 | |||
Other assets | 68,200 | 75,300 | |||
Assets, Total | 837,600 | 862,400 | |||
Notes payable, net | 258,800 | 91,500 | |||
Secured Debt, Total | 233,700 | 445,400 | |||
Other Liabilities, Total | 16,200 | 17,400 | |||
Members’ capital | 328,900 | 308,100 | |||
Total Liabilities and Members’ Capital | 837,600 | 862,400 | |||
Excluding KIR [Member] | Equity Method Investment, Nonconsolidated Investee or Group of Investees [Member] | |||||
Total real estate, net | 3,619,400 | 2,549,200 | |||
Other assets | 193,800 | 179,000 | |||
Assets, Total | 3,813,200 | 2,728,200 | |||
Notes payable, net | 199,000 | 199,800 | |||
Secured Debt, Total | 947,200 | 804,300 | |||
Other Liabilities, Total | 73,800 | 53,600 | |||
Total Liabilities and Members’ Capital | 3,813,200 | 2,728,200 | |||
Stockholders' Equity Attributable to Noncontrolling Interest, Ending Balance | 32,600 | 18,300 | |||
Members’ capital | $ 2,560,600 | $ 1,652,200 | |||
[1] | Includes restricted assets of consolidated variable interest entities (“VIEs”) at December 31, 2021 and December 31, 2020 of $227,858 and $102,482, respectively. See Footnote 11 of the Notes to Consolidated Financial Statements. |
Note 7 - Investment and Advan_2
Note 7 - Investment and Advances in Real Estate Joint Ventures - Investment and Advances to Real Estate Joint Ventures - Income Statements (Details) - USD ($) $ in Thousands | 12 Months Ended | 24 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2020 | |
Revenues, net | $ 1,364,585 | $ 1,057,893 | $ 1,158,884 | |
Operating expenses | (971,140) | (731,765) | (760,515) | |
Depreciation and amortization | (395,320) | (288,955) | (277,879) | |
Interest expense | (204,133) | (186,904) | (177,395) | |
Other expense, net | 19,810 | 4,119 | 10,985 | |
Net income | 844,059 | 1,000,833 | 410,605 | |
Impairment charges | (3,597) | (6,624) | (48,743) | |
Net income | 849,696 | 1,002,877 | 413,561 | |
KIR [Member] | Equity Method Investment, Nonconsolidated Investee or Group of Investees [Member] | ||||
Revenues, net | 186,600 | 193,600 | $ 173,900 | |
Operating expenses | (51,300) | (51,000) | (49,500) | |
Depreciation and amortization | (40,300) | (38,000) | (36,900) | |
Gain on sale of properties | 0 | 32,200 | 0 | |
Interest expense | (18,100) | (28,200) | (23,800) | |
Other expense, net | (2,100) | (1,100) | (1,600) | |
Net income | 74,800 | 107,500 | $ 62,100 | |
Excluding KIR [Member] | Equity Method Investment, Nonconsolidated Investee or Group of Investees [Member] | ||||
Revenues, net | 340,300 | 282,400 | 317,600 | |
Operating expenses | (111,700) | (101,900) | (99,400) | |
Depreciation and amortization | (97,200) | (75,000) | (76,900) | |
Gain on sale of properties | 61,500 | 200 | 15,000 | |
Interest expense | (27,600) | (31,200) | (47,100) | |
Other expense, net | (900) | (10,800) | (14,200) | |
Impairment charges | (23,500) | (4,400) | (39,500) | |
Net income | $ 140,900 | $ 59,300 | $ 55,500 |
Note 8 - Other Investments (Det
Note 8 - Other Investments (Details Textual) $ in Thousands | 12 Months Ended | |
Dec. 31, 2021USD ($) | Dec. 31, 2020USD ($) | |
Equity Method Investments | $ 1,000,000 | $ 590,700 |
Secured Debt, Total | 448,652 | 311,272 |
Preferred Equity Investments [Member] | ||
Equity Method Investments | $ 98,700 | $ 98,200 |
Number of Real Estate Properties | 39 | 113 |
Income (Loss) from Equity Method Investments, Total | $ 21,400 | $ 28,400 |
Equity Method Investment, Realized Gain (Loss) on Disposal, Total | 8,600 | 13,700 |
Payments to Acquire Equity Method Investments | 60,700 | |
Secured Debt, Total | 237,400 | |
Long-term Debt, Fair Value | $ 3,300 | |
Preferred Equity Investments [Member] | Minimum [Member] | ||
Debt Instrument, Term (Month) | 2 months | |
Debt Instrument, Interest Rate, Stated Percentage | 4.19% | |
Preferred Equity Investments [Member] | Maximum [Member] | ||
Debt Instrument, Term (Month) | 2 years 6 months | |
Debt Instrument, Interest Rate, Stated Percentage | 8.88% | |
Preferred Equity Investments [Member] | San Antonio, Texas [Member] | ||
Payments to Acquire Equity Method Investments | $ 54,900 | |
Preferred Equity Investments [Member] | Property in Queens, NY [Member] | ||
Payments to Acquire Equity Method Investments | $ 10,000 | |
Preferred Equity Investments [Member] | Leased Properties [Member] | ||
Number of Real Estate Properties | 28 | 103 |
Note 8 - Other Investments - Pr
Note 8 - Other Investments - Preferred Equity Investments - Balance Sheet Disclosures (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 | |
Total real estate, net | $ 15,035,900 | $ 9,346,041 | |
Other assets | 195,715 | 97,225 | |
Assets, Total | [1] | 18,459,199 | 11,614,498 |
Secured Debt, Total | 448,652 | 311,272 | |
Other Liabilities, Total | 510,382 | 324,538 | |
Members’ capital | 9,899,389 | 5,608,044 | |
Total Liabilities and Members’ Capital | 18,459,199 | 11,614,498 | |
Preferred Equity Investments [Member] | |||
Secured Debt, Total | 237,400 | ||
Preferred Equity Investments [Member] | Equity Method Investment, Nonconsolidated Investee or Group of Investees [Member] | |||
Total real estate, net | 317,300 | 95,700 | |
Other assets | 131,100 | 216,500 | |
Assets, Total | 448,400 | 312,200 | |
Secured Debt, Total | 240,700 | 146,700 | |
Other Liabilities, Total | 15,900 | 4,500 | |
Members’ capital | 191,800 | 161,000 | |
Total Liabilities and Members’ Capital | $ 448,400 | $ 312,200 | |
[1] | Includes restricted assets of consolidated variable interest entities (“VIEs”) at December 31, 2021 and December 31, 2020 of $227,858 and $102,482, respectively. See Footnote 11 of the Notes to Consolidated Financial Statements. |
Note 8 - Other Investments - _2
Note 8 - Other Investments - Preferred Equity Investments - Income Statement Disclosures (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Revenues, net | $ 1,364,585 | $ 1,057,893 | $ 1,158,884 |
Operating expenses | (971,140) | (731,765) | (760,515) |
Depreciation and amortization | (395,320) | (288,955) | (277,879) |
Interest expense | (204,133) | (186,904) | (177,395) |
Other expense, net | 19,810 | 4,119 | 10,985 |
Net income | 849,696 | 1,002,877 | 413,561 |
Equity Method Investment, Nonconsolidated Investee or Group of Investees [Member] | Preferred Equity Investments [Member] | |||
Revenues, net | 54,000 | 44,600 | 66,600 |
Operating expenses | (21,700) | (11,100) | (16,000) |
Depreciation and amortization | (2,900) | (2,900) | (3,200) |
Gain on sale of properties | 0 | 200 | 13,600 |
Interest expense | (9,100) | (7,000) | (11,900) |
Other expense, net | 500 | (4,000) | (7,900) |
Net income | $ 19,800 | $ 19,800 | $ 41,200 |
Note 9 - Marketable Securitie_2
Note 9 - Marketable Securities (Details Textual) - USD ($) $ / shares in Units, $ in Thousands, shares in Millions | Jun. 25, 2020 | Jun. 30, 2020 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Marketable Securities, Gain (Loss), Total | $ 505,163 | $ 594,753 | $ 829 | ||
Investment Income, Dividend | 17,000 | 4,100 | |||
Proceeds from Sale of Cost Method Investments | 0 | 227,270 | 0 | ||
Realized Investment Gains (Losses), Total | 0 | 190,832 | $ 0 | ||
Marketable Securities, Total | $ 1,211,739 | 706,954 | |||
Albertsons Companies, Inc [Member] | |||||
Proceeds from Issuance of Convertible Preferred Stock | $ 1,680,000 | ||||
Percentage of Ownership to Be Purchased | 17.50% | ||||
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 | $ 1,200,000 | 700,400 | |||
Marketable Securities, Unrealized Gain (Loss), Total | 1,100,000 | $ 596,800 | |||
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, 2021 | Dec. 31, 2020 |
Amortized cost | $ 114,159 | $ 114,531 |
Unrealized gains, net | 1,097,580 | 592,423 |
Marketable securities | $ 1,211,739 | $ 706,954 |
Note 10 - Accounts and Notes _3
Note 10 - Accounts and Notes Receivable - Components of Accounts and Notes Receivable (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Billed tenant receivables | $ 20,970 | $ 25,428 |
Unbilled common area maintenance, insurance and tax | 55,283 | 35,982 |
Deferred rent receivables | 5,029 | 17,328 |
Other receivables | 15,725 | 4,880 |
Straight-line rent receivables | 157,670 | 135,630 |
Total accounts and notes receivable, net | $ 254,677 | $ 219,248 |
Note 11 - Variable Interest E_3
Note 11 - Variable Interest Entities ("VIE") (Details Textual) $ in Thousands | Aug. 03, 2021 | Dec. 31, 2021USD ($) | Dec. 31, 2020USD ($) | |
Assets, Total | [1] | $ 18,459,199 | $ 11,614,498 | |
Liabilities, Total | [2] | $ 8,335,537 | $ 5,928,460 | |
Variable Interest Entity, Primary Beneficiary [Member] | ||||
Variable Interest Entity, Number of Entities | 34 | 22 | ||
Consolidated Operating Properties [Member] | ||||
Variable Interest Entity, Number of Entities | 34 | 22 | ||
Consolidated Operating Properties [Member] | Variable Interest Entity, Primary Beneficiary [Member] | ||||
Assets, Total | $ 1,600,000 | $ 1,000,000 | ||
Liabilities, Total | $ 153,900,000 | $ 62,100,000 | ||
Consolidated Operating Properties [Member] | Weingarten Realty Investors [Member] | ||||
Variable Interest Entity, Number of Entities Acquired During the Period | 11 | |||
[1] | Includes restricted assets of consolidated variable interest entities (“VIEs”) at December 31, 2021 and December 31, 2020 of $227,858 and $102,482, respectively. See Footnote 11 of the Notes to Consolidated Financial Statements. | |||
[2] | Includes non-recourse liabilities of consolidated VIEs at December 31, 2021 and December 31, 2020 of $153,924 and $62,076, respectively. See Footnote 11 of the Notes to Consolidated Financial Statements. |
Note 11 - Variable Interest E_4
Note 11 - Variable Interest Entities ("VIE") - Summary of Restricted Assets and VIE Liabilities (Details) $ in Thousands | Dec. 31, 2021USD ($) | Dec. 31, 2020USD ($) | ||
Real estate, net | $ 15,035,900 | $ 9,346,041 | ||
Cash and cash equivalents | 325,631 | 292,953 | ||
Accounts and notes receivable, net | 254,677 | 219,248 | ||
Other assets | 195,715 | 97,225 | ||
Assets, Total | [1] | 18,459,199 | 11,614,498 | |
Secured Debt, Total | 448,652 | 311,272 | ||
Accounts payable and accrued expenses | 220,308 | 146,457 | ||
Operating lease liabilities | 123,779 | [2] | 96,619 | |
Other Liabilities, Total | 510,382 | 324,538 | ||
Liabilities, Total | [3] | $ 8,335,537 | $ 5,928,460 | |
Variable Interest Entity, Unencumbered [Member] | ||||
Number of consolidated VIEs | 30 | 19 | ||
Variable Interest Entity, Encumbered by Third Party Non-resource Mortgage Debt [Member] | ||||
Number of consolidated VIEs | 4 | 3 | ||
Variable Interest Entity, Primary Beneficiary [Member] | ||||
Number of consolidated VIEs | 34 | 22 | ||
Variable Interest Entity, Primary Beneficiary [Member] | Nonrecourse [Member] | ||||
Secured Debt, Total | $ 78,900 | $ 36,500 | ||
Accounts payable and accrued expenses | 11,800 | 5,200 | ||
Operating lease liabilities | 6,700 | 5,500 | ||
Other Liabilities, Total | 56,500 | 14,900 | ||
Liabilities, Total | 153,924 | 62,076 | ||
Variable Interest Entity, Primary Beneficiary [Member] | Asset Pledged as Collateral [Member] | ||||
Real estate, net | 222,900 | 97,700 | ||
Cash and cash equivalents | 2,000 | 1,800 | ||
Accounts and notes receivable, net | 2,000 | 1,900 | ||
Other assets | 1,000 | 1,100 | ||
Assets, Total | $ 227,858 | $ 102,482 | ||
[1] | Includes restricted assets of consolidated variable interest entities (“VIEs”) at December 31, 2021 and December 31, 2020 of $227,858 and $102,482, respectively. See Footnote 11 of the Notes to Consolidated Financial Statements. | |||
[2] | Operating lease liabilities are included in Operating lease liabilities and financing lease liabilities are included in Other liabilities on the Company’s Consolidated Balance Sheets. | |||
[3] | Includes non-recourse liabilities of consolidated VIEs at December 31, 2021 and December 31, 2020 of $153,924 and $62,076, respectively. See Footnote 11 of the Notes to Consolidated Financial Statements. |
Note 12 - Leases (Details Textu
Note 12 - Leases (Details Textual) $ in Thousands | Aug. 03, 2021USD ($) | Dec. 31, 2021USD ($) | Dec. 31, 2020USD ($) | Dec. 31, 2019USD ($) |
Difference Between Rental Income Contracted and Rental Income Recognized | $ 20,800 | $ (6,900) | $ 17,200 | |
Weingarten Realty Investors [Member] | ||||
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability | $ 32,600 | 32,569 | 0 | 0 |
Number of Properties Associated with Operating Leases Obtained in Business Acquisition | 6 | |||
Number of Properties Associated with Finance Leases Obtained in Business Acquisition | 2 | |||
Right-of-Use Asset Obtained in Exchange for Finance Lease Liability | $ 23,000 | $ 23,026 | $ 0 | $ 0 |
Maximum [Member] | ||||
Lessee, Operating Lease, Remaining Lease Term (Year) | 64 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% | 98.00% | 98.00% |
Note 12 - Leases - Lease Income
Note 12 - Leases - Lease Income (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | ||
Fixed lease income | [1] | $ 1,045,888 | $ 871,151 | $ 880,694 |
Variable lease income | [2] | 264,040 | 232,272 | 246,226 |
Above-market and below-market leases amortization, net | 14,843 | 22,515 | 20,010 | |
Total lease income | 1,349,702 | 1,044,888 | 1,142,334 | |
COVID 19 [Member] | ||||
Adjustments for potentially uncollectible revenues and disputed amounts | [3] | $ 24,931 | $ (81,050) | $ (4,596) |
[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] | The amounts represent adjustments associated with potentially uncollectible revenues and disputed amounts primarily due to the COVID-19 pandemic. |
Note 12 - Leases - Minimum Reve
Note 12 - Leases - Minimum Revenues (Details) $ in Millions | Dec. 31, 2021USD ($) |
2022 | $ 1,186.1 |
2023 | 1,066.7 |
2024 | 922.6 |
2025 | 780.2 |
2026 | 636.4 |
Thereafter | $ 2,779.2 |
Note 12 - Leases - Lease Cost (
Note 12 - Leases - Lease Cost (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | ||
Right-of-use intangible assets (Year) | 25 years 7 months 6 days | |||
Weighted-average remaining lease term, finance leases (Year) | 2 years | |||
Weighted-average discount rate, operating leases | 6.62% | |||
Weighted-average discount rate, finance leases | 4.44% | |||
Finance lease cost | [1] | $ 569 | $ 0 | $ 0 |
Operating lease cost | 11,637 | 10,371 | 12,630 | |
Variable lease cost | 3,972 | 2,852 | 2,038 | |
Total lease cost | $ 16,178 | $ 13,223 | $ 14,668 | |
[1] | Relates to interest expense on finance lease liabilities, which were acquired in connection with the Merger. |
Note 12 - Leases - Future Minim
Note 12 - Leases - Future Minimum Lease payments (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 | ||
2022, operating lease | $ 12,688 | |||
2022, finance lease | [1] | 1,709 | ||
2023, operating lease | 12,716 | |||
2023, finance lease | [1] | 22,987 | ||
2024, operating lease | 11,894 | |||
2024, finance lease | [1] | 0 | ||
2025, operating lease | 11,395 | |||
2025, finance lease | [1] | 0 | ||
2026, operating lease | 10,742 | |||
2026, finance lease | [1] | 0 | ||
Thereafter, operating lease | 215,413 | |||
Thereafter, finance lease | [1] | 0 | ||
Total minimum lease payments, operating lease | 274,848 | |||
Total minimum lease payments, finance lease | [1] | 24,696 | ||
Less imputed interest, operating lease | (151,069) | |||
Less imputed interest, finance lease | [1] | (1,956) | ||
Total lease liabilities, operating lease | 123,779 | [2] | $ 96,619 | |
Total lease liabilities, finance lease | [1],[2] | $ 22,740 | ||
[1] | Includes bargain purchase options exercisable in 2023 related to two properties. | |||
[2] | Operating lease liabilities are included in Operating lease liabilities and financing lease liabilities are included in Other liabilities on the Company’s Consolidated Balance Sheets. |
Note 13 - Other Assets (Details
Note 13 - Other Assets (Details Textual) $ in Millions | Dec. 31, 2021USD ($) | Aug. 03, 2021USD ($) |
Property Held-for-sale, Net Carrying Amount | $ 13.7 | |
Number of Loans | 11 | |
Performing Financial Instruments [Member] | ||
Number of Loans | 10 | |
Nonperforming Financial Instruments [Member] | ||
Number of Loans | 1 | |
Weingarten Realty Investors [Member] | ||
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed, Mortgage Loans Receivable | $ 13.4 |
Note 13 - Other Assets - Mortga
Note 13 - Other Assets - Mortgage Loans and Other Financing Receivables (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | ||
Balance | $ 32,246 | $ 7,829 | $ 14,448 | |
New mortgage and other loans (1) | [1] | 55,307 | 25,500 | 3,750 |
Additions under existing mortgage loans | 0 | 0 | 48 | |
Amortization of loan discounts | 0 | 0 | 33 | |
Loan repayments | (13,646) | (25) | (10,136) | |
Collections of principal | (130) | (152) | (313) | |
Allowance for credit losses | (370) | (906) | 0 | |
Other adjustments | (305) | 0 | (1) | |
Balance | $ 73,102 | $ 32,246 | $ 7,829 | |
[1] | During 2021, the Company acquired $13.4 million of mortgage loan receivables in connection with the Merger. |
Note 14 - Notes Payable (Detail
Note 14 - Notes Payable (Details Textual) - USD ($) $ in Thousands | Feb. 15, 2022 | Aug. 03, 2021 | Apr. 01, 2020 | Feb. 29, 2020 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Feb. 01, 2022 | Jan. 31, 2020 |
Gain (Loss) on Extinguishment of Debt, Total | $ 0 | $ (7,538) | $ 0 | ||||||
Debt Covenants Dividend Payment Restriction Maximum Payment | $ 26,000 | ||||||||
Senior Unsecured Notes [Member] | Subsequent Event [Member] | |||||||||
Debt Instrument, Interest Rate, Stated Percentage | 3.40% | 3.20% | |||||||
Debt Instrument, Redemption Amount | $ 500,000 | ||||||||
Debt Instrument, Redemption, Prepayment Charges | $ 6,500 | ||||||||
Debt Instrument, Face Amount | $ 600,000 | ||||||||
Term Loan [Member] | |||||||||
Debt Instrument, Face Amount | $ 590,000 | ||||||||
Debt Instrument, Covenant, Additional Amount Through an Accordion Feature | $ 750,000 | ||||||||
Senior Unsecured Notes Assumed in the Weingarten Acquisition [Member] | |||||||||
Noncash or Part Noncash Acquisition, Debt Assumed | $ 1,500,000 | ||||||||
Liabilities, Fair Value Adjustment | $ 95,600 | ||||||||
Senior Unsecured Notes Assumed in the Weingarten Acquisition [Member] | Minimum [Member] | |||||||||
Debt Instrument, Interest Rate, Stated Percentage | 3.25% | ||||||||
Senior Unsecured Notes Assumed in the Weingarten Acquisition [Member] | Maximum [Member] | |||||||||
Debt Instrument, Interest Rate, Stated Percentage | 6.88% | ||||||||
Unsecured Debt [Member] | |||||||||
Debt Issuance Costs, Net, Total | 56,000 | ||||||||
Liabilities, Fair Value Adjustment | $ 81,000 | ||||||||
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% | ||||||||
Line of Credit Facility, Current Borrowing Capacity | $ 2,000,000 | $ 2,250,000 | |||||||
Debt Instrument, Increase (Decrease) In Effective Interest Rate | (0.01%) | ||||||||
Debt Instrument, Interest Rate, Effective Percentage | 0.87% | ||||||||
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 | $ 4,000 | $ 5,600 | |||||||
Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | |||||||||
Debt Instrument, Basis Spread on Variable Rate | 0.765% | ||||||||
Letter of Credit [Member] | |||||||||
Long-term Line of Credit, Total | $ 1,900 |
Note 14 - Notes Payable - Notes
Note 14 - Notes Payable - Notes Payable (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | ||
Balance, Net | $ 7,027.1 | $ 5,044.2 | |
Weighted Average [Member] | |||
Interest Rate | [1] | 3.35% | 3.33% |
Notes Payable [Member] | |||
Fair value debt adjustments, net | $ 81 | $ 0 | |
Deferred financing costs, net (2) | [2] | (56) | (55.8) |
Unsecured Debt [Member] | |||
Gross Balance | 7,002.1 | ||
Fair value debt adjustments, net | 81 | ||
Unsecured Debt [Member] | Notes Payable [Member] | |||
Gross Balance | $ 7,002.1 | $ 5,100 | |
Unsecured Debt [Member] | Notes Payable [Member] | Minimum [Member] | |||
Interest Rate | 1.90% | 1.90% | |
Unsecured Debt [Member] | Notes Payable [Member] | Maximum [Member] | |||
Interest Rate | 6.88% | 4.45% | |
Line of Credit [Member] | Notes Payable [Member] | |||
Gross Balance | [3] | $ 0 | $ 0 |
Line of Credit [Member] | Notes Payable [Member] | Weighted Average [Member] | |||
Interest Rate | [3] | 0.87% | 0.91% |
[1] | Weighted-average interest rate | ||
[2] | As of December 31, 2021 and 2020, the Company had $4.0 million and $5.6 million of deferred financing costs, net related to the Credit Facility that are included in Other assets on the Company’s Consolidated Balance Sheets, respectively. | ||
[3] | Accrues interest at a rate of LIBOR plus 0.765%. |
Note 14 - Notes Payable - Senio
Note 14 - Notes Payable - Senior Unsecured Notes Issuance (Details) $ in Billions | Dec. 31, 2021USD ($) | |
Senior Unsecured Notes 1 [Member] | ||
Amount Issued | $ 0.5 | |
Interest Rate | 2.25% | |
Senior Unsecured Notes 2 [Member] | ||
Amount Issued | $ 0.4 | |
Interest Rate | 1.90% | |
Senior Unsecured Notes 3 [Member] | ||
Amount Issued | $ 0.5 | [1] |
Interest Rate | 2.70% | [1] |
[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 14 - Notes Payable - Repai
Note 14 - 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 14 - Notes Payable - Matur
Note 14 - Notes Payable - Maturities of All Unsecured Notes Payable (Details) - Unsecured Debt [Member] $ in Millions | Dec. 31, 2021USD ($) |
2022 | $ 799.4 |
2023 | 649.7 |
2024 | 646.2 |
2025 | 740.5 |
2026 | 773 |
Thereafter | 3,393.3 |
Total | $ 7,002.1 |
Note 15 - Mortgages Payable (De
Note 15 - Mortgages Payable (Details Textual) $ in Millions | Aug. 03, 2021USD ($) | Dec. 31, 2021USD ($) | Dec. 31, 2021USD ($) | Dec. 31, 2020USD ($) | |
Nonrecourse Mortages Assumed Through Consolidation [Member] | |||||
Noncash or Part Noncash Acquisition, Debt Assumed | $ 234.1 | ||||
Number of Real Estate Properties | 9 | 9 | |||
Mortgage Debt Encumbered Operating Property [Member] | |||||
Number of Real Estate Properties | 28 | 28 | 4 | ||
Repayments of Long-term Debt, Total | $ 230.5 | $ 92 | |||
Liabilities, Fair Value Adjustment | $ 1.2 | 0.4 | |||
Non-recouse Mortgage Debt Related to Property Deconsolidated [Member] | |||||
Number of Real Estate Properties | 6 | 6 | |||
Debt Instrument, Increase (Decrease), Net, Total | $ (170) | $ (170) | |||
Mortgage Debt Assumed in the Weingarten Acquisition [Member] | |||||
Noncash or Part Noncash Acquisition, Debt Assumed | $ 317.7 | ||||
Liabilities, Fair Value Adjustment | $ 11 | ||||
Number of Encumbered Operating Properties | 16 | ||||
Mortgage Debt Assumed in the Weingarten Acquisition [Member] | Minimum [Member] | |||||
Debt Instrument, Interest Rate, Stated Percentage | 3.50% | ||||
Mortgage Debt Assumed in the Weingarten Acquisition [Member] | Maximum [Member] | |||||
Debt Instrument, Interest Rate, Stated Percentage | 6.95% | ||||
Mortgages [Member] | |||||
Debt Instrument, Interest Rate, Stated Percentage | [1] | 4.12% | 4.12% | ||
Debt Instrument, Unamortized Discount (Premium), Net, Total | $ 10.8 | $ 10.8 | |||
Debt Issuance Costs, Net, Total | $ 1.3 | $ 1.3 | $ 0.6 | ||
Mortgages [Member] | Minimum [Member] | |||||
Debt Instrument, Interest Rate, Stated Percentage | 3.23% | 3.23% | 3.23% | ||
Mortgages [Member] | Maximum [Member] | |||||
Debt Instrument, Interest Rate, Stated Percentage | 7.23% | 7.23% | 7.23% | ||
[1] | Weighted-average interest rate |
Note 15 - Mortgages Payable - M
Note 15 - Mortgages Payable - Mortgages Payable (Details) - USD ($) $ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | |
Balance, Net | $ 7,027.1 | $ 5,044.2 | |
Weighted Average [Member] | |||
Interest Rate | [1] | 3.35% | 3.33% |
Mortgages [Member] | |||
Gross Balance | $ 439.2 | $ 308.4 | |
Interest Rate | [1] | 4.12% | |
Fair value debt adjustments, net | $ 10.8 | 3.5 | |
Deferred financing costs, net | (1.3) | (0.6) | |
Balance, Net | $ 448.7 | $ 311.3 | |
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] | 4.73% | |
[1] | Weighted-average interest rate |
Note 15 - Mortgages Payable -_2
Note 15 - Mortgages Payable - Maturities of All Mortgages Payable (Details) - Mortgages Payable and Construction Loans [Member] $ in Millions | Dec. 31, 2021USD ($) |
2022 | $ 124.5 |
2023 | 63.6 |
2024 | 8.1 |
2025 | 54.3 |
2026 | 5.4 |
Thereafter | 183.3 |
Total | $ 439.2 |
Note 16 - Noncontrolling Inte_3
Note 16 - Noncontrolling Interests and Redeemable Noncontrolling Interests (Details Textual) $ / shares in Units, $ in Thousands | Aug. 03, 2021USD ($)shares | Jun. 30, 2021USD ($) | Jan. 31, 2021USD ($) | Dec. 31, 2021USD ($)shares | 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 | ||||||||||
Redeemable Noncontrolling Interest, Equity, Carrying Amount, Total | $ 13,480 | 15,784 | $ 17,943 | ||||||||
Payments to Noncontrolling Interests | 20,600 | ||||||||||
Adjustments to Additional Paid in Capital, Other | $ 19,300 | ||||||||||
Asset Acquisition, Consideration Transferred, Total | $ 896,707 | ||||||||||
Number of Properties Sold | 13 | [1] | 3 | 20 | [2] | ||||||
Disposal Group, Including Discontinued Operation, Consideration | $ 612,400 | [1] | $ 31,800 | $ 344,700 | [2] | ||||||
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 | ||||||||||
KIM RDC, LLC [Member] | Variable Interest Entity, Primary Beneficiary [Member] | Discontinued Operations, Disposed of by Sale [Member] | Disposal of Two Operating Properties [Member] | |||||||||||
Number of Properties Sold | 2 | ||||||||||
Disposal Group, Including Discontinued Operation, Consideration | $ 108,000 | ||||||||||
KIM RDC, LLC [Member] | Variable Interest Entity, Primary Beneficiary [Member] | Operating Properties [Member] | |||||||||||
Asset Acquisition, Consideration Transferred, Total | $ 104,000 | ||||||||||
KPR [Member] | Discontinued Operations, Disposed of by Sale [Member] | Disposal of Two Operating Properties [Member] | |||||||||||
Distribution Made to Limited Partner, Cash Distributions Paid | $ 2,100 | ||||||||||
Consolidated Joint Ventures Structured as DownREIT Partnerships [Member] | |||||||||||
Non-controlling Interest, Units Redeemed (in shares) | shares | 73,466 | ||||||||||
Non-controlling Interest, Cumulative Par Value | $ 1,700 | ||||||||||
Stock Issued During Period, Shares, Redemption/ Conversion of Noncontrolling Interests (in shares) | shares | 73,466 | ||||||||||
Joint Venture with KP Lancewood [Member] | KIM RDC, LLC [Member] | |||||||||||
Noncontrolling Interest, Ownership Percentage by Parent | 100.00% | ||||||||||
Weingarten Realty Investors [Member] | Consolidated Joint Ventures Structured as DownREIT Partnerships [Member] | |||||||||||
Redeemable Units to Company Common Stock, Ratio | 1 | ||||||||||
Number of Operating Properties Acquired | 2 | ||||||||||
Redeemable Noncontrolling Interest, Equity, Fair Value, Total | $ 41,700 | ||||||||||
Weingarten Realty Investors [Member] | Raleigh Limited Partnership [Member] | |||||||||||
Non-controlling Interest, Units (in shares) | shares | 1,813,615 | ||||||||||
Weingarten Realty Investors [Member] | Madison Village Limited Partnership [Member] | |||||||||||
Non-controlling Interest, Units (in shares) | shares | 174,411 | ||||||||||
Weingarten Realty Investors [Member] | Consolidated Joint Ventures Other than DownREIT Partnerships [Member] | |||||||||||
Number of Operating Properties Acquired | 8 | ||||||||||
Redeemable Noncontrolling Interest, Equity, Fair Value, Total | $ 40,100 | ||||||||||
Noncontrolling Interest in Joint Ventures | $ 132,300 | ||||||||||
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 | 16,100 | |||||||||
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 | ||||||||||
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests | 1,300 | ||||||||||
Noncontrolling Interest [Member] | Consolidated Joint Ventures Structured as DownREIT Partnerships [Member] | |||||||||||
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests | 1,500 | ||||||||||
Additional Paid-in Capital [Member] | |||||||||||
Noncontrolling Interest, Increase from Subsidiary Equity Issuance | 0 | ||||||||||
Additional Paid-in Capital [Member] | Consolidated Joint Ventures Structured as DownREIT Partnerships [Member] | |||||||||||
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests | $ 1,500 | ||||||||||
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 2021, the Company purchased its partner’s 70.0% remaining interest in Jamestown Portfolio, which is comprised of six property interests. The Company then entered into a joint venture with Blackstone Real Estate Income Trust, Inc. (“BREIT”) in which it contributed these six properties for a gross sales price of $425.8 million, including $170.0 million of non-recourse mortgage debt. As a result, the Company no longer consolidates these six property interests and recognized a loss on change in control of interests of $0.4 million. The Company has a 50.0% investment in this joint venture ($130.1 million as of the date of deconsolidation), included in Investments in and advances to real estate joint ventures on the Company’s Consolidated Balance Sheets. | ||||||||||
[2] | Includes the sale of a land parcel at a development project located in Dania Beach, FL for a sales price of $32.5 million, which resulted in a gain of $4.3 million. |
Note 16 - Noncontrolling Inte_4
Note 16 - Noncontrolling Interests and Redeemable Noncontrolling Interests - Convertible Non-convertible Units (Details) | 12 Months Ended | |
Dec. 31, 2021$ / 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 Company’s option, shares of the Company’s common stock, based upon the conversion calculation as defined in the agreement. These units are included in Noncontrolling interests on the Company’s 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 16 - Noncontrolling Inte_5
Note 16 - Noncontrolling Interests and Redeemable Noncontrolling Interests - Redemption Value of the Redeemable Noncontrolling Interests (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | ||
Balance | $ 15,784 | $ 17,943 | |
Fair value allocation to partnership interest | [1] | 2,068 | 0 |
Income | 751 | 1,022 | |
Distributions | [1] | (2,819) | (1,021) |
Adjustment to estimated redemption value (2) | [2] | (2,304) | (2,160) |
Balance | $ 13,480 | $ 15,784 | |
[1] | During January 2021, KIM RDC, LLC (“KIM RDC”), a wholly owned subsidiary of the Company, and KP Lancewood LLC (“KPR Member”) entered into a joint venture agreement wherein KIM RDC has a 100% controlling interest and KPR Member is entitled to a profit participation. The joint venture acquired two operating properties for a gross fair value of $104.0 million (see Footnote 4 of the Company’s Consolidated Financial Statements). During June 2021, the two joint venture properties were sold for a combined sales price of $108.0 million of which the KPR Member received a distribution of $2.1 million. | ||
[2] | The Company recorded an adjustment to the estimated redemption fair market value of a noncontrolling interest in accordance with the provisions of the respective joint venture agreement and ASC 480, Accounting for Redeemable Equity Instruments. The Company assesses the fair market value of this noncontrolling interest on a recurring basis and determined that its valuation was classified within Level 3 of the fair value hierarchy. The estimated fair market value of this noncontrolling interest was based upon a discounted cash flow model, for which a capitalization rate of 5.50% and discount rate of 6.50% were utilized in the model based upon unobservable rates that the Company believes to be within a reasonable range of current market rates. |
Note 17 - Fair Value Disclosu_3
Note 17 - Fair Value Disclosure of Financial Instruments (Details Textual) - Estimate of Fair Value Measurement [Member] - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 | |
Notes Payable, Fair Value Disclosure | [1] | $ 7,330,723 | $ 5,486,953 |
Fair Value, Inputs, Level 2 [Member] | |||
Notes Payable, Fair Value Disclosure | $ 7,300,000 | $ 5,500,000 | |
[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, 2021 and 2020, were $7.3 billion and $5.5 billion, respectively. |
Note 17 - Fair Value Disclosu_4
Note 17 - Fair Value Disclosure of Financial Instruments - Estimate of Fair Value Differs From Carrying Amounts (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 | |
Mortgages [Member] | |||
Fair value debt adjustments, net | $ 10,800 | $ 3,500 | |
Reported Value Measurement [Member] | |||
Notes payable, net | [1] | 7,027,050 | 5,044,208 |
Reported Value Measurement [Member] | Mortgages [Member] | |||
Fair value debt adjustments, net | [2] | 448,652 | 311,272 |
Estimate of Fair Value Measurement [Member] | |||
Notes payable, net | [1] | 7,330,723 | 5,486,953 |
Estimate of Fair Value Measurement [Member] | Mortgages [Member] | |||
Fair value debt adjustments, net | [2] | $ 449,758 | $ 312,933 |
[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, 2021 and 2020, were $7.3 billion and $5.5 billion, respectively. | ||
[2] | The Company determined that its valuation of its mortgages loan were classified within Level 3 of the fair value hierarchy. |
Note 17 - Fair Value Disclosu_5
Note 17 - Fair Value Disclosure of Financial Instruments - Assets and Liabilities Measured at Fair Value on a Recurring and Nonrecurring Basis (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Fair Value, Nonrecurring [Member] | ||
Other investments | $ 9,834 | $ 5,464 |
Real estate | 24,899 | |
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Other investments | 0 | 0 |
Real estate | 0 | |
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Other investments | 0 | 0 |
Real estate | 0 | |
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Other investments | 9,834 | 5,464 |
Real estate | 24,899 | |
Fair Value, Recurring [Member] | ||
Marketable equity securities | 1,211,739 | 706,954 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Marketable equity securities | 1,211,739 | 706,954 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Marketable equity securities | $ 0 | |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Marketable equity securities | $ 0 |
Note 18 - Preferred Stock, Co_3
Note 18 - Preferred Stock, Common Stock and Convertible Unit Transactions (Details Textual) $ / shares in Units, $ in Thousands | Aug. 03, 2021shares | Jul. 15, 2021shares | Apr. 15, 2021shares | Sep. 30, 2019USD ($)$ / shares | Dec. 31, 2021USD ($)$ / sharesshares | Dec. 31, 2020USD ($)$ / sharesshares | Dec. 31, 2019shares |
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 | 1,084,953 | 294,346 | 223,609 | ||||
Stockholders' Equity Attributable to Noncontrolling Interest, Ending Balance | $ 210,793 | $ 62,210 | |||||
Partners' Capital Account, Units, Converted (in shares) | shares | 2,600,000 | ||||||
Share Repurchase Program [Member] | |||||||
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares | $ 0.01 | ||||||
Stock Repurchase Program, Authorized Amount | $ 300,000 | ||||||
Stock Repurchased During Period, Shares (in shares) | shares | 0 | 0 | |||||
Stock Repurchase Program, Remaining Authorized Repurchase Amount | $ 224,900 | ||||||
Weingarten Realty Investors [Member] | |||||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares Per Each Acquired Company Share (in shares) | shares | 1.408 | 1.408 | 1.408 | ||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares) | shares | 179,919,880 | ||||||
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 | 3,500,000 | ||||||
Proceeds from Issuance of Common Stock, Net | $ 76,900 | ||||||
Common Stock Available for Issuance, Value | $ 422,400 | ||||||
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 | $ 60,900 |
Note 18 - Preferred Stock, Co_4
Note 18 - Preferred Stock, Common Stock and Convertible Unit Transactions - Outstanding Preferred Stock (Details) - USD ($) $ / shares in Units, $ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
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 | |
Redeemable Preferred Stock [Member] | ||
Shares issued and outstanding (in shares) | 19,580 | |
Preferred stock, liquidation preference | $ 489.5 |
Note 18 - Preferred Stock, Co_5
Note 18 - Preferred Stock, Common Stock and Convertible Unit Transactions - Dividends Declared (Details) - $ / shares | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Common Stock (in dollars per share) | $ 0.68000 | $ 0.54000 | $ 1.12000 |
Series I Preferred Stock [Member] | |||
Preferred Shares (in dollars per share) | 0 | 0 | 0.99583 |
Series J Preferred Stock [Member] | |||
Preferred Shares (in dollars per share) | 0 | 0 | 1.37500 |
Series K Preferred Stock [Member] | |||
Preferred Shares (in dollars per share) | 0 | 0 | 0.93359 |
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 19 - Supplemental Schedu_3
Note 19 - Supplemental Schedule of Non-cash Investing / Financing Activities - Non-cash Investing and Financing Activities (Details) - USD ($) $ in Thousands | Aug. 03, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Acquisition of real estate interests through proceeds held in escrow | $ 0 | $ 0 | $ 36,076 | |
Proceeds deposited in escrow through sale of real estate interests | 0 | 0 | 5,106 | |
Disposition of real estate interests through the issuance of mortgage receivable | 0 | 0 | 3,750 | |
Disposition of real estate interests by a deed in lieu/foreclosure of debt | 0 | 0 | 3,892 | |
Forgiveness of debt due to a deed in lieu/foreclosure | 0 | 0 | 6,905 | |
Capital expenditures accrual | 34,651 | 37,411 | 65,900 | |
Surrender of common stock | 20,909 | 5,395 | 4,030 | |
Dividends payable | 5,366 | 5,366 | 126,274 | |
Decrease in redeemable noncontrolling interests’ carrying amount | (2,304) | (2,160) | 0 | |
Lease liabilities arising from obtaining operating right-of-use assets | 553 | 0 | 0 | |
Allocation of fair value to noncontrolling interests | 2,068 | 0 | 0 | |
Purchase price fair value adjustment to prepaid rent | 15,620 | 0 | 0 | |
Decrease in noncontrolling interests from redemption of units for common stock | 1,540 | 0 | 0 | |
Weingarten Merger: | ||||
Common stock issued in exchange for Weingarten common shares | (3,738,735) | 0 | 0 | |
Increase in real estate and other assets, net | 506,266 | 0 | 7,884 | |
Increase in mortgages payable, other liabilities and noncontrolling interests | 234,091 | 0 | 7,747 | |
Decrease in real estate and other assets, net | 300,099 | 0 | 0 | |
Decrease in mortgages payable and other liabilities | 170,000 | 0 | 0 | |
Weingarten Realty Investors [Member] | ||||
Weingarten Merger: | ||||
Real estate assets | 5,627,469 | 0 | 0 | |
Investments in and advances to real estate joint ventures | $ 585,382 | 585,382 | 0 | 0 |
Notes payable | (1,497,632) | (1,497,632) | 0 | 0 |
Mortgages payable | (317,671) | (317,671) | 0 | 0 |
Below-market leases | (119,373) | (119,373) | 0 | 0 |
Noncontrolling interests | (177,039) | (177,039) | 0 | 0 |
Other assets and liabilities, net | (154,775) | 0 | 0 | |
Lease liabilities arising from obtaining operating right-of-use assets | 32,600 | 32,569 | 0 | 0 |
Lease liabilities arising from obtaining financing right-of-use assets | $ 23,000 | $ 23,026 | $ 0 | $ 0 |
Note 19 - Supplemental Schedu_4
Note 19 - Supplemental Schedule of Non-cash Investing / Financing Activities - Reconciliation of Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Cash and cash equivalents | $ 325,631 | $ 292,953 |
Restricted cash | 9,032 | 235 |
Total cash, cash equivalents and restricted cash | $ 334,663 | $ 293,188 |
Note 20 - Transactions With R_2
Note 20 - Transactions With Related Parties (Details Textual) - USD ($) $ in Millions | 1 Months Ended | 12 Months Ended | ||
Sep. 30, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Fifth Wall's Climate Technology Fund [Member] | ||||
Equity Method Investment, Commitment Amount | $ 25 | |||
Payments to Acquire Equity Method Investments | $ 2.8 | |||
Ripco [Member] | ||||
Related Party Transaction, Amounts of Transaction | $ 0.4 | $ 0.5 | $ 0.4 | |
Officer [Member] | Ripco [Member] | ||||
Percentage of Ownership | 50.00% |
Note 21 - Commitments and Con_2
Note 21 - Commitments and Contingencies (Details Textual) $ in Millions | 12 Months Ended |
Dec. 31, 2021USD ($) | |
Letters of Credit Outstanding, Amount | $ 44.5 |
Performance and Surety Bonds | 12.7 |
Series A Bond [Member] | |
Special Assessment Bond, Total | 49.7 |
Two Investments with Funding Commitments [Member] | |
Equity Method Investment, Commitment Amount | 27 |
Payments to Acquire Equity Method Investments | 4.3 |
Equity Method Investment, Remaining Commitment | $ 22.7 |
Note 22 - Incentive Plans (Deta
Note 22 - Incentive Plans (Details Textual) - USD ($) $ / shares in Units, $ in Millions | 12 Months Ended | ||||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | May 31, 2020 | ||
Share-based Payment Arrangement, Expense | $ 23.2 | $ 23.7 | $ 20.2 | ||
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $ 36.5 | ||||
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 2 years 8 months 12 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) | $ 18.44 | ||||
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 | ||||
Proceeds from Stock Options Exercised | $ 6.1 | $ 1 | $ 3.9 | ||
Common Stock, Shares, Issued, Total (in shares) | 616,658,593 | 432,518,743 | |||
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent | 5.00% | ||||
Defined Contribution Plan, Cost | $ 2.4 | $ 2.3 | 2.2 | ||
Employee [Member] | |||||
Severance Costs | 14.4 | $ 8.7 | $ 2.6 | ||
Employee [Member] | Merger Charges [Member] | |||||
Severance Costs | $ 13.7 | ||||
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) | $ 17.81 | $ 18.67 | $ 18.03 | ||
Dividend, Share-based Payment Arrangement, Shares | $ 1.8 | $ 2.2 | $ 3 | ||
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) | $ 22.96 | $ 18.02 | $ 22 | ||
Common Stock, Shares, Issued, Total (in shares) | 814,160 | 594,900 | 104,551 | ||
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) | 8,500,000 | ||||
[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 22 - Incentive Plans - Sto
Note 22 - Incentive Plans - Stock Options Activity (Details) - USD ($) $ / shares in Units, $ in Millions | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Options outstanding (in shares) | 1,162,321 | 1,297,936 | 1,641,366 | |
Options outstanding, weighted average exercise price per share (in dollars per share) | $ 20.03 | $ 19.60 | $ 18.78 | |
Options outstanding, aggregate intrinsic value | $ 1.5 | $ 0 | $ 2 | $ 0.4 |
Options exercised, shares (in shares) | (315,750) | (63,365) | (268,856) | |
Options exercised, weighted average exercise price per share (in dollars per share) | $ 19.19 | $ 15.48 | $ 14.43 | |
Options exercised, aggregate intrinsic value | $ 1.1 | $ 0.2 | $ 1.1 | |
Options forfeited, shares (in shares) | (357,816) | (72,250) | (74,574) | |
Options forfeited, weighted average exercise price per share (in dollars per share) | $ 19.01 | $ 16.20 | $ 20.24 | |
Options outstanding, weighted average exercise price per share (in dollars per share) | $ 21.48 | $ 20.03 | $ 19.60 | $ 18.78 |
Options outstanding (in shares) | 488,755 | 1,162,321 | 1,297,936 | |
Options outstanding, weighted average exercise price per share (in dollars per share) | $ 21.48 | $ 20.03 | $ 19.60 | |
Options Exercisable, Shares (in shares) | 488,755 | 1,162,321 | 1,297,936 | |
Options exercisable, weighted average exercise price per share (in dollars per share) | $ 21.48 | $ 20.03 | $ 19.60 | |
Options exercisable, aggregate intrinsic value | $ 1.5 | $ 0 | $ 2 |
Note 22 - Incentive Plans - Res
Note 22 - Incentive Plans - Restricted Stock Activity (Details) - Restricted Stock [Member] - shares | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | ||
Restricted stock outstanding as of January 1, (in shares) | 2,394,825 | 2,367,843 | 2,104,914 | |
Granted (1) (in shares) | [1] | 754,560 | 820,150 | 884,170 |
Vested (in shares) | (759,665) | (784,120) | (603,148) | |
Forfeited (in shares) | (42,112) | (9,048) | (18,093) | |
Restricted stock outstanding as of December 31, (in shares) | 2,347,608 | 2,394,825 | 2,367,843 | |
[1] | The weighted-average grant date fair value for restricted stock issued during the years ended December 31, 2021, 2020 and 2019 were $17.81, $18.67 and $18.03, respectively. |
Note 22 - Incentive Plans - Per
Note 22 - Incentive Plans - Performance Shares Activity (Details) - Performance Shares [Member] - shares | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | ||
Restricted stock outstanding as of January 1, (in shares) | 913,800 | 704,530 | 433,230 | |
Granted (1) (in shares) | [1] | 545,380 | 506,720 | 407,080 |
Vested (in shares) | [2] | (407,080) | (297,450) | (135,780) |
Restricted stock outstanding as of December 31, (in shares) | 1,052,100 | 913,800 | 704,530 | |
[1] | The weighted-average grant date fair value for performance shares issued during the years ended December 31, 2021, 2020 and 2019 were $22.96, $18.02 and $22.00, respectively. | |||
[2] | For the years ended December 31, 2021, 2020 and 2019, the corresponding common stock equivalent of these vested awards were 814,160, 594,900 and 104,551 shares, respectively. |
Note 22 - Incentive Plans - P_2
Note 22 - Incentive Plans - Performance Shares Significant Fair Value Assumptions (Details) - Performance Shares [Member] - $ / shares | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | ||
Stock price (in dollars per share) | $ 17.87 | $ 18.93 | $ 17.81 | |
Dividend yield (1) | [1] | 0.00% | 0.00% | 0.00% |
Risk-free rate | 0.20% | 1.42% | 2.52% | |
Volatility (2) | [2] | 48.41% | 24.67% | 24.55% |
Term of the award (Year) | 2 years 10 months 9 days | 2 years 10 months 17 days | 2 years 10 months 17 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 23 - Defined Benefit Pla_2
Note 23 - Defined Benefit Plan (Details Textual) $ in Thousands | 12 Months Ended |
Dec. 31, 2021USD ($) | |
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage | 100.00% |
Technology Sector [Member] | |
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage | 24.00% |
Healthcare Sector [Member] | |
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage | 15.00% |
Consumer Cyclical Good [Member] | |
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage | 14.00% |
Financial Services Sector [Member] | |
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage | 14.00% |
Communication [Member] | |
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage | 11.00% |
The Weingarten Realty Noncontributory Qualified Cash Balance Retirement Plan [Member] | |
Defined Benefit Plan, Annual Additions to Each Participant's Account, Interest Credit, Percentage | 4.50% |
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets | 7.00% |
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year | $ 0 |
Note 23 - Defined Benefit Pla_3
Note 23 - Defined Benefit Plan - Changes in Projected Benefit Obligation, Plan Assets and Funded Status (Details) $ in Thousands | 5 Months Ended | 12 Months Ended |
Dec. 31, 2021USD ($) | Dec. 31, 2021USD ($) | |
Benefit obligation at date of the Merger | $ 73,081 | |
Interest cost | 762 | $ 750 |
Settlement payments | (29,107) | |
Actuarial gain | (6,831) | |
Benefit payments | (910) | |
Benefit obligation at December 31, 2021 | 36,995 | 36,995 |
Fair value of plan assets at date of the Merger | 74,025 | |
Actual return on plan assets | 642 | |
Settlement payments | (30,104) | |
Benefit payments | (910) | |
Fair value of plan assets at December 31, 2021 | 43,653 | 43,653 |
Funded status at December 31, 2021 (included in Other assets) | 6,658 | 6,658 |
Accumulated benefit obligation | 36,995 | $ 36,995 |
Net gain recognized in other comprehensive income | $ 2,216 |
Note 23 - Defined Benefit Pla_4
Note 23 - Defined Benefit Plan - Components of Net Periodic Benefit Income (Details) - USD ($) $ in Thousands | 5 Months Ended | 12 Months Ended |
Dec. 31, 2021 | Dec. 31, 2021 | |
Interest cost | $ (762) | $ (750) |
Expected return on plan assets | 2,125 | |
Settlement gain | 2,216 | |
Total net periodic benefit income | $ 3,591 |
Note 23 - Defined Benefit Pla_5
Note 23 - Defined Benefit Plan - Weighted-average Assumptions Used to Determine the Benefit Obligation, Defined Benefit Plan (Details) - The Weingarten Realty Noncontributory Qualified Cash Balance Retirement Plan [Member] | Dec. 31, 2021 |
Discount rate | 2.43% |
Interest credit rate for cash balance plan | 4.50% |
Note 23 - Defined Benefit Pla_6
Note 23 - Defined Benefit Plan - Expected Benefit Payments (Details) $ in Millions | Dec. 31, 2021USD ($) |
2022 | $ 19.5 |
2023 | 2.3 |
2024 | 2.3 |
2025 | 2.3 |
2026 | 2.2 |
2027-2031 | $ 10.4 |
Note 23 - Defined Benefit Plans
Note 23 - Defined Benefit Plans - Fair Value of Plan Assets, Defined Benefit Plan (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Aug. 03, 2021 |
Fair value of plan assets | $ 43,653 | $ 74,025 |
Asset allocation | 100.00% | |
Defined Benefit Plan, Cash [Member] | ||
Fair value of plan assets | $ 26,246 | |
Asset allocation | 60.10% | |
Large Company Funds [Member] | ||
Fair value of plan assets | $ 7,130 | |
Asset allocation | 16.30% | |
Mid Company Funds [Member] | ||
Fair value of plan assets | $ 662 | |
Asset allocation | 1.50% | |
Small Company Funds [Member] | ||
Fair value of plan assets | $ 1,958 | |
Asset allocation | 4.50% | |
International Funds [Member] | ||
Fair value of plan assets | $ 1,972 | |
Asset allocation | 4.50% | |
Fixed Income Funds [Member] | ||
Fair value of plan assets | $ 4,260 | |
Asset allocation | 9.80% | |
Growth Funds [Member] | ||
Fair value of plan assets | $ 1,425 | |
Asset allocation | 3.30% |
Note 24 - Income Taxes (Details
Note 24 - Income Taxes (Details Textual) - USD ($) $ in Millions | 1 Months Ended | 2 Months Ended | 3 Months Ended | 12 Months Ended | ||
Aug. 31, 2016 | Dec. 31, 2019 | Dec. 31, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Required Dividend Payout | 90.00% | 90.00% | ||||
Federal Income Tax Benefit from AMT Credit Refunds | $ 3.7 | |||||
Deferred Federal Income Tax Expense (Benefit) | $ (1.1) | |||||
Unrecognized Tax Benefits, Ending Balance | $ 1.4 | $ 1.4 | $ 1.5 | |||
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 Entity’s Share | $ 12.8 | |||||
Income Tax Examination, Estimate of Possible Loss | 45.5 | |||||
Income Tax Examination, Estimate of Possible Loss, Reporting Entity's Share | $ 41 | |||||
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 | 0.1 | $ 1.5 | ||||
Weingarten Realty Investors [Member] | ||||||
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount | $ 20.7 |
Note 24 - Income Taxes - GAAP N
Note 24 - Income Taxes - GAAP Net Income to Taxable Income Reconciliation (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | ||
Net income | $ 844,059 | $ 1,000,833 | $ 410,605 | |
Net book depreciation in excess of tax depreciation | 70,792 | (55,072) | 55,903 | |
Deferred/prepaid/above-market and below-market rents, net | (33,580) | (16,632) | (33,287) | |
Fair market value debt amortization | (18,079) | (3,847) | (4,510) | |
Book/tax differences from executive compensation | 19,882 | 10,388 | 6,026 | |
Book/tax differences from defined benefit plan | (2,948) | 0 | 0 | |
Book/tax differences from investments in and advances to real estate joint ventures | 25,502 | 40,176 | 4,837 | |
Book/tax differences from sale of properties | (51,951) | (10,547) | (13,830) | |
Book/tax differences from accounts receivable | (19,971) | 44,193 | 1,573 | |
Book adjustment to property carrying values and marketable equity securities | (499,996) | (589,698) | 37,709 | |
Taxable currency exchange gain/(loss), net | 882 | (29) | (33) | |
Tangible property regulation deduction | 0 | (48,194) | 0 | |
GAAP gain on change in control of joint venture interests | (5,607) | 0 | (137) | |
Dividends from TRSs | 23,314 | 2 | 3,331 | |
Severance accrual | (5,358) | 5,874 | (475) | |
Other book/tax differences, net (2) | [1] | (21,955) | 802 | (3,946) |
Adjusted REIT taxable income | 299,415 | 377,062 | 463,764 | |
Share-based Payment Arrangement, Option [Member] | ||||
Sharebased Compensation | (1,069) | (231) | (1,121) | |
GAAP Net Loss/(Income) of Taxable REIT Subsidiaries [Member] | ||||
Net income | (24,502) | (956) | 1,119 | |
GAAP Net Income From REIT Operations [Member] | ||||
Net income | [2] | $ 819,557 | $ 999,877 | $ 411,724 |
[1] | Includes Merger related costs of $20.7 million for the year ended December 31, 2021. | |||
[2] | All adjustments to "GAAP net income from REIT operations" are net of amounts attributable to noncontrolling interests and TRSs. |
Note 24 - Income Taxes - Taxabl
Note 24 - Income Taxes - Taxable Characteristics of Distributions Paid (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Dividends distributed, amount | $ 380,316 | $ 377,651 | $ 528,606 |
Series I Preferred Stock [Member] | |||
Ordinary income, amount | $ 0 | $ 0 | $ 7,389 |
Ordinary income, percent | 0.00% | 0.00% | 77.00% |
Capital gain, amount | $ 0 | $ 0 | $ 2,207 |
Capital gain, percent | 0.00% | 0.00% | 23.00% |
Dividends distributed, amount | $ 0 | $ 0 | $ 9,596 |
Dividends distributed, percent | 0.00% | 0.00% | 100.00% |
Series J Preferred Stock [Member] | |||
Ordinary income, amount | $ 0 | $ 0 | $ 11,541 |
Ordinary income, percent | 0.00% | 0.00% | 77.00% |
Capital gain, amount | $ 0 | $ 0 | $ 3,447 |
Capital gain, percent | 0.00% | 0.00% | 23.00% |
Dividends distributed, amount | $ 0 | $ 0 | $ 14,988 |
Dividends distributed, percent | 0.00% | 0.00% | 100.00% |
Series K Preferred Stock [Member] | |||
Ordinary income, amount | $ 0 | $ 0 | $ 6,927 |
Ordinary income, percent | 0.00% | 0.00% | 77.00% |
Capital gain, amount | $ 0 | $ 0 | $ 2,069 |
Capital gain, percent | 0.00% | 0.00% | 23.00% |
Dividends distributed, amount | $ 0 | $ 0 | $ 8,996 |
Dividends distributed, percent | 0.00% | 0.00% | 100.00% |
Series L Preferred Stock [Member] | |||
Ordinary income, amount | $ 11,185 | $ 4,382 | $ 8,879 |
Ordinary income, percent | 97.00% | 38.00% | 77.00% |
Capital gain, amount | $ 346 | $ 7,149 | $ 2,652 |
Capital gain, percent | 3.00% | 62.00% | 23.00% |
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 | $ 13,469 | $ 5,277 | $ 10,692 |
Ordinary income, percent | 97.00% | 38.00% | 77.00% |
Capital gain, amount | $ 417 | $ 8,609 | $ 3,194 |
Capital gain, percent | 3.00% | 62.00% | 23.00% |
Dividends distributed, amount | $ 13,886 | $ 13,886 | $ 13,886 |
Dividends distributed, percent | 100.00% | 100.00% | 100.00% |
Common Stock 1 [Member] | |||
Ordinary income, amount | $ 273,272 | $ 133,849 | $ 328,726 |
Ordinary income, percent | 77.00% | 38.00% | 70.00% |
Capital gain, amount | $ 10,647 | $ 214,863 | $ 98,618 |
Capital gain, percent | 3.00% | 61.00% | 21.00% |
Dividends distributed, amount | $ 354,899 | $ 352,234 | $ 469,609 |
Dividends distributed, percent | 100.00% | 100.00% | 100.00% |
Return of capital, amount | $ 70,980 | $ 3,522 | $ 42,265 |
Return of capital, percent | 20.00% | 1.00% | 9.00% |
Note 24 - Income Taxes - Taxa_2
Note 24 - Income Taxes - Taxable Income and Provisions for Income Taxes (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | ||
Income/(loss) before income taxes – U.S. | $ 26,421 | $ 1,051 | $ (1,682) | |
Deferred | (1,100) | |||
Federal tax (provision)/benefit | (2,752) | (1,457) | 2,968 | |
State and local tax provision | (408) | (14) | (45) | |
Total tax (provision)/benefit – U.S. | 3,380 | 978 | (3,317) | |
Net income | 849,696 | 1,002,877 | 413,561 | |
Loss before taxes – Non-U.S. | (63) | (64) | (599) | |
Taxable REIT Subsidiaries [Member] | ||||
Current | (2,656) | (482) | 3,362 | |
Deferred | 312 | 539 | (349) | |
Federal tax (provision)/benefit | (2,344) | 57 | 3,013 | |
Current | (456) | (48) | (26) | |
Deferred | 48 | 34 | (19) | |
Total tax (provision)/benefit – U.S. | (2,752) | 43 | 2,968 | |
Net income | 23,669 | 1,094 | 1,286 | |
Current | [1] | 0 | (479) | 69 |
Deferred | 529 | 0 | (418) | |
Non-U.S. tax (provision)/benefit | $ (529) | $ 479 | $ 349 | |
[1] | The year ended December 31, 2018 includes a charge of $1.6 million related to the recording of a deferred tax valuation allowance. |
Note 24 - Income Taxes - Statut
Note 24 - Income Taxes - Statutory Income Tax to Effective Income Tax Reconciliation (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | ||
Federal (provision)/benefit at statutory tax rate (1) | [1] | $ (5,548) | $ (221) | $ 3,010 |
State and local provision, net of federal benefit (2) | [2] | 2,796 | (1,236) | (42) |
Total tax (provision)/benefit – U.S. | $ (2,752) | $ (1,457) | $ 2,968 | |
[1] | 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. | |||
[2] | The year ended December 31, 2020 includes $1.5 million of estimated state and local tax provision related to the REIT operations. |
Note 24 - Income Taxes - Deferr
Note 24 - Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 | |
Deferred tax assets: | |||
Net operating losses (1) | [1] | $ 4,580 | $ 17,885 |
Tax credit carryforwards (2) | [2] | 2,340 | 2,340 |
Related party deferred losses | 0 | 619 | |
Charitable contribution carryforwards | 0 | 23 | |
Valuation allowance | (4,067) | (36,957) | |
Total deferred tax assets | 6,139 | 13,015 | |
Deferred tax liabilities | (8,058) | (12,765) | |
Net deferred tax (liabilities)/assets | (1,919) | ||
Net deferred tax assets | 250 | ||
Domestic Tax Authority [Member] | |||
Deferred tax assets: | |||
Tax/GAAP basis differences | $ 3,286 | $ 29,105 | |
[1] | Net operating losses expire in 2032. | ||
[2] | Expiration dates ranging from 2027 to 2035. |
Note 25 - Captive Insurance C_3
Note 25 - Captive Insurance Company (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Letters of Credit Outstanding, Amount | $ 44,500,000 | |
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 | 28,000,000 | |
Increase (Decrease) in Incurred Insurance Losses and Loss Adjustment Expenses | 5,300,000 | $ (200,000) |
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 | $ 11,500,000 | |
Captive Insurance, Obligations to Reinsurance Provider, Percent of Incurred Losses | 12.20% | |
U.S. Fire & Indemnity Company [Member] | Third Party Reinsurer [Member] | ||
Captive Insurance, Obligation Per Occurrence | $ 250,000 | |
Captive Insurance, Annual Aggregates Per Policy | 2,000,000 | |
U.S. Fire & Indemnity Company [Member] | All Perils Except Floods, Windstorm or Earthquake [Member] | ||
Captive Insurance, Obligation Per Occurrence | 100,000 | |
U.S. Fire & Indemnity Company [Member] | Floods, Windstorms or Earthquake [Member] | ||
Captive Insurance, Annual Aggregates Per Policy | $ 5,000,000 |
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, 2021 | Dec. 31, 2020 | ||
Balance at the beginning of the year | $ 13,742 | $ 15,664 | |
Incurred related to current year | 5,375 | 3,693 | |
Incurred related to prior years | [1] | 5,281 | (179) |
Total incurred | 10,656 | 3,514 | |
Paid related to current year | (759) | (450) | |
Paid related to prior years | (3,984) | (4,986) | |
Total paid | (4,743) | (5,436) | |
Balance at the end of the year | $ 19,655 | $ 13,742 | |
[1] | During 2021, the changes in estimates in insured events in the prior years, incurred losses and loss adjustment expenses resulted in an increase of $5.3 million primarily due to the liability incurred as a result of the Merger. During 2020, the changes in estimates in insured events in the prior years, incurred losses and loss adjustment expenses resulted in a decrease of $0.2 million primarily due to continued regular favorable loss development on the general liability coverage assumed. |
Note 26 - Accumulated Other C_3
Note 26 - Accumulated Other Comprehensive Income ("AOCI") - Changes in Components of AOCI (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Balance | $ 5,670,254 | $ 4,928,907 | $ 5,411,053 |
Other comprehensive income | 2,216 | 0 | 0 |
Balance | 10,110,182 | 5,670,254 | $ 4,928,907 |
Accumulated Defined Benefit Plans Adjustment Including Portion Attributable to Noncontrolling Interest [Member] | |||
Balance | 0 | ||
Other comprehensive income before reclassifications | 2,216 | ||
Amounts reclassified from AOCI | 0 | ||
Other comprehensive income | 2,216 | ||
Balance | $ 2,216 | $ 0 |
Note 27 - Earnings Per Share (D
Note 27 - Earnings Per Share (Details Textual) - shares shares in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Share-based Payment Arrangement, Option [Member] | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | 0 | 1,200 | 500 |
Note 27 - Earnings Per Share -
Note 27 - 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, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | ||
Net income available to the Company's common shareholders | $ 818,643 | $ 975,417 | $ 339,988 | |
Change in estimated redemption value of redeemable noncontrolling interests | 2,304 | 2,160 | 0 | |
Earnings attributable to participating securities | (5,346) | (6,347) | (2,599) | |
Net income available to the Company’s common shareholders for basic earnings per share | 815,601 | 971,230 | 337,389 | |
Distributions on convertible units | 3,087 | 161 | 30 | |
Net income available to the Company’s common shareholders for diluted earnings per share | $ 818,688 | $ 971,391 | $ 337,419 | |
Weighted average common shares outstanding – basic (in shares) | 506,248 | 429,950 | 420,370 | |
Equity awards (in shares) | [1] | 2,422 | 1,475 | 1,365 |
Assumed conversion of convertible units (in shares) | [1] | 2,715 | 208 | 64 |
Weighted average common shares outstanding – diluted (in shares) | [1] | 511,385 | 431,633 | 421,799 |
Basic earnings per share (in dollars per share) | $ 1.61 | $ 2.26 | $ 0.80 | |
Diluted earnings per share (in dollars per share) | $ 1.60 | $ 2.25 | $ 0.80 | |
[1] | The effect of the assumed conversion of certain convertible units had an anti-dilutive effect upon the calculation of Net income/(loss) available to the Company’s common shareholders per share. Accordingly, the impact of such conversions has not been included in the determination of diluted earnings per share calculations. Additionally, there were 0.5 million and 1.2 million stock options that were not dilutive as of September 30, 2021 and 2020, respectively, and 2.5 million shares of restricted stock that were not dilutive for the three months ended September 30, 2020. |
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, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | ||
SEC Schedule, 12-09, Allowance, Credit Loss [Member] | ||||
Balance at beginning of period | [1] | $ 22,377 | $ 0 | |
Charged to expenses | [1] | 0 | 22,377 | |
Adjustments to valuation accounts | [1] | 0 | 0 | |
Deductions | [1] | (14,038) | 0 | |
Balance at end of period | [1] | 8,339 | 22,377 | $ 0 |
SEC Schedule, 12-09, Valuation Allowance, Deferred Tax Asset [Member] | ||||
Balance at beginning of period | 36,957 | 42,703 | 45,413 | |
Charged to expenses | 0 | 0 | 0 | |
Adjustments to valuation accounts | (32,890) | (5,746) | (2,710) | |
Deductions | 0 | 0 | 0 | |
Balance at end of period | $ 4,067 | $ 36,957 | $ 42,703 | |
[1] | Includes allowances on accounts receivable and straight-line rents. |
Schedule III - Real Estate an_3
Schedule III - Real Estate and Accumulated Depreciation (Details Textual) $ in Billions | Dec. 31, 2021USD ($) |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Federal Income Tax Basis | $ 16.4 |
Schedule III - Real Estate an_4
Schedule III - Real Estate and Accumulated Depreciation - Real Estate and Accumulated Depreciation (Details) - USD ($) $ in Thousands | 12 Months Ended | ||||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | ||
INITIAL COST LAND | $ 4,054,026 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 11,581,408 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,416,837 | |||
LAND | 3,984,447 | ||||
BUILDING AND IMPROVEMENTS | 14,067,824 | ||||
TOTAL | 18,052,271 | $ 12,068,827 | $ 11,929,276 | $ 11,877,190 | |
ACCUMULATED DEPRECIATION | 3,010,699 | $ 2,717,114 | $ 2,500,053 | $ 2,385,288 | |
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 15,041,572 | ||||
ENCUMBRANCES | [2] | 448,652 | |||
Shopping Center [Member] | The 280 Metro Center [Member] | |||||
INITIAL COST LAND | 38,735 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 94,903 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 80 | |||
LAND | 38,735 | ||||
BUILDING AND IMPROVEMENTS | 94,983 | ||||
TOTAL | 133,718 | ||||
ACCUMULATED DEPRECIATION | 17,862 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 115,856 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Crossing at Stonegate [Member] | |||||
INITIAL COST LAND | 11,909 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 33,111 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 37 | |||
LAND | 11,909 | ||||
BUILDING AND IMPROVEMENTS | 33,148 | ||||
TOTAL | 45,057 | ||||
ACCUMULATED DEPRECIATION | 730 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 44,327 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Argyle Village [Member] | |||||
INITIAL COST LAND | 5,228 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 36,814 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (10) | |||
LAND | 5,228 | ||||
BUILDING AND IMPROVEMENTS | 36,804 | ||||
TOTAL | 42,032 | ||||
ACCUMULATED DEPRECIATION | 972 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 41,060 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Braelinn Village [Member] | |||||
INITIAL COST LAND | 7,315 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 20,739 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (569) | |||
LAND | 3,731 | ||||
BUILDING AND IMPROVEMENTS | 23,754 | ||||
TOTAL | 27,485 | ||||
ACCUMULATED DEPRECIATION | 5,398 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 22,087 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Centre Court - Giant [Member] | |||||
INITIAL COST LAND | 3,854 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 12,770 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 127 | |||
LAND | 3,854 | ||||
BUILDING AND IMPROVEMENTS | 12,897 | ||||
TOTAL | 16,751 | ||||
ACCUMULATED DEPRECIATION | 3,835 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 12,916 | ||||
ENCUMBRANCES | [2] | 4,029 | |||
Shopping Center [Member] | Century Plaza [Member] | |||||
INITIAL COST LAND | 179 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 926 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,030 | |||
LAND | 96 | ||||
BUILDING AND IMPROVEMENTS | 2,039 | ||||
TOTAL | 2,135 | ||||
ACCUMULATED DEPRECIATION | 1,010 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,125 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | 501 North Broadway [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,176 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (60) | |||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 1,116 | ||||
TOTAL | 1,116 | ||||
ACCUMULATED DEPRECIATION | 501 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 615 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Jantzen Beach Center [Member] | |||||
INITIAL COST LAND | 57,575 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 102,844 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 494 | |||
LAND | 57,588 | ||||
BUILDING AND IMPROVEMENTS | 103,325 | ||||
TOTAL | 160,913 | ||||
ACCUMULATED DEPRECIATION | 19,131 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 141,782 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Los Colobos - Kmart [Member] | |||||
INITIAL COST LAND | 4,595 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 10,120 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (1,127) | |||
LAND | 4,402 | ||||
BUILDING AND IMPROVEMENTS | 9,186 | ||||
TOTAL | 13,588 | ||||
ACCUMULATED DEPRECIATION | 8,406 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,182 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | The 10 -Federal S.C. [Member] | |||||
INITIAL COST LAND | 3,277 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 15,986 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 3,277 | ||||
BUILDING AND IMPROVEMENTS | 15,986 | ||||
TOTAL | 19,263 | ||||
ACCUMULATED DEPRECIATION | 492 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 18,771 | ||||
ENCUMBRANCES | [2] | 6,015 | |||
Shopping Center [Member] | Centro Arlington [Member] | |||||
INITIAL COST LAND | 3,937 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 35,103 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 3,937 | ||||
BUILDING AND IMPROVEMENTS | 35,103 | ||||
TOTAL | 39,040 | ||||
ACCUMULATED DEPRECIATION | 164 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 38,876 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Arcadia Biltmore Plaza [Member] | |||||
INITIAL COST LAND | 850 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,212 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [3] | 0 | |||
LAND | 850 | ||||
BUILDING AND IMPROVEMENTS | 1,212 | ||||
TOTAL | 2,062 | ||||
ACCUMULATED DEPRECIATION | 56 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,006 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | The 580 Marketplace [Member] | |||||
INITIAL COST LAND | 12,769 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 48,768 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 14 | |||
LAND | 12,769 | ||||
BUILDING AND IMPROVEMENTS | 48,782 | ||||
TOTAL | 61,551 | ||||
ACCUMULATED DEPRECIATION | 894 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 60,657 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Denver West 38th Street [Member] | |||||
INITIAL COST LAND | 161 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 647 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 455 | |||
LAND | 161 | ||||
BUILDING AND IMPROVEMENTS | 1,102 | ||||
TOTAL | 1,263 | ||||
ACCUMULATED DEPRECIATION | 598 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 665 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Belmart Plaza [Member] | |||||
INITIAL COST LAND | 1,656 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,394 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 5,722 | |||
LAND | 1,656 | ||||
BUILDING AND IMPROVEMENTS | 9,116 | ||||
TOTAL | 10,772 | ||||
ACCUMULATED DEPRECIATION | 1,738 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 9,034 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Brownsville Commons [Member] | |||||
INITIAL COST LAND | 593 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 5,488 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 593 | ||||
BUILDING AND IMPROVEMENTS | 5,488 | ||||
TOTAL | 6,081 | ||||
ACCUMULATED DEPRECIATION | 142 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,939 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Centre Court - Old Court/Courtyard [Member] | |||||
INITIAL COST LAND | 2,279 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 5,285 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 43 | |||
LAND | 2,279 | ||||
BUILDING AND IMPROVEMENTS | 5,328 | ||||
TOTAL | 7,607 | ||||
ACCUMULATED DEPRECIATION | 1,443 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 6,164 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | The Fountains at Arbor Lakes [Member] | |||||
INITIAL COST LAND | 28,585 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 66,699 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 14,655 | |||
LAND | 29,485 | ||||
BUILDING AND IMPROVEMENTS | 80,454 | ||||
TOTAL | 109,939 | ||||
ACCUMULATED DEPRECIATION | 35,630 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 74,309 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Airport Plaza [Member] | |||||
INITIAL COST LAND | 22,711 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 107,012 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 6,450 | |||
LAND | 22,711 | ||||
BUILDING AND IMPROVEMENTS | 113,462 | ||||
TOTAL | 136,173 | ||||
ACCUMULATED DEPRECIATION | 25,807 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 110,366 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Oregon Trail Center [Member] | |||||
INITIAL COST LAND | 5,802 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 12,623 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 641 | |||
LAND | 5,802 | ||||
BUILDING AND IMPROVEMENTS | 13,264 | ||||
TOTAL | 19,066 | ||||
ACCUMULATED DEPRECIATION | 6,152 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 12,914 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Los Colobos I [Member] | |||||
INITIAL COST LAND | 12,891 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 26,047 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 553 | |||
LAND | 13,613 | ||||
BUILDING AND IMPROVEMENTS | 25,878 | ||||
TOTAL | 39,491 | ||||
ACCUMULATED DEPRECIATION | 13,443 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 26,048 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | The 1934 West Gray [Member] | |||||
INITIAL COST LAND | 705 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,831 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (18) | |||
LAND | 705 | ||||
BUILDING AND IMPROVEMENTS | 4,813 | ||||
TOTAL | 5,518 | ||||
ACCUMULATED DEPRECIATION | 105 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,413 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Centro Arlington -Resi [Member] | |||||
INITIAL COST LAND | 15,012 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 155,639 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 29 | |||
LAND | 15,012 | ||||
BUILDING AND IMPROVEMENTS | 155,668 | ||||
TOTAL | 170,680 | ||||
ACCUMULATED DEPRECIATION | 520 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 170,160 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Bell Camino Center [Member] | |||||
INITIAL COST LAND | 2,427 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,439 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [3] | 956 | |||
LAND | 2,427 | ||||
BUILDING AND IMPROVEMENTS | 7,395 | ||||
TOTAL | 9,822 | ||||
ACCUMULATED DEPRECIATION | 2,580 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,242 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | The 800 Sunset Strip S.C. [Member] | |||||
INITIAL COST LAND | 43,012 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 85,115 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 779 | |||
LAND | 43,012 | ||||
BUILDING AND IMPROVEMENTS | 85,894 | ||||
TOTAL | 128,906 | ||||
ACCUMULATED DEPRECIATION | 2,801 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 126,105 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | East Bank S.C. [Member] | |||||
INITIAL COST LAND | 1,501 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,180 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 4,941 | |||
LAND | 1,501 | ||||
BUILDING AND IMPROVEMENTS | 11,121 | ||||
TOTAL | 12,622 | ||||
ACCUMULATED DEPRECIATION | 4,637 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,985 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Boca Lyons Plaza [Member] | |||||
INITIAL COST LAND | 13,280 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 37,751 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 29 | |||
LAND | 13,280 | ||||
BUILDING AND IMPROVEMENTS | 37,780 | ||||
TOTAL | 51,060 | ||||
ACCUMULATED DEPRECIATION | 751 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 50,309 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Camp Creek Marketplace II [Member] | |||||
INITIAL COST LAND | 4,441 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 38,596 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 4,441 | ||||
BUILDING AND IMPROVEMENTS | 38,596 | ||||
TOTAL | 43,037 | ||||
ACCUMULATED DEPRECIATION | 1,205 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 41,832 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Centre Court - Retail/Bank [Member] | |||||
INITIAL COST LAND | 1,035 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 7,786 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 285 | |||
LAND | 1,035 | ||||
BUILDING AND IMPROVEMENTS | 8,071 | ||||
TOTAL | 9,106 | ||||
ACCUMULATED DEPRECIATION | 2,003 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,103 | ||||
ENCUMBRANCES | [2] | 754 | |||
Shopping Center [Member] | Center Point S.C. [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 550 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 550 | ||||
TOTAL | 550 | ||||
ACCUMULATED DEPRECIATION | 550 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 0 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Bellmore S.C. [Member] | |||||
INITIAL COST LAND | 1,272 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,184 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,712 | |||
LAND | 1,272 | ||||
BUILDING AND IMPROVEMENTS | 4,896 | ||||
TOTAL | 6,168 | ||||
ACCUMULATED DEPRECIATION | 2,504 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 3,664 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Center Square Shopping Center [Member] | |||||
INITIAL COST LAND | 732 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,928 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,264 | |||
LAND | 691 | ||||
BUILDING AND IMPROVEMENTS | 4,233 | ||||
TOTAL | 4,924 | ||||
ACCUMULATED DEPRECIATION | 3,054 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,870 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Los Colobos II [Member] | |||||
INITIAL COST LAND | 14,894 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 30,681 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,025 | |||
LAND | 15,142 | ||||
BUILDING AND IMPROVEMENTS | 31,458 | ||||
TOTAL | 46,600 | ||||
ACCUMULATED DEPRECIATION | 16,337 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 30,263 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | The 1939 West Gray [Member] | |||||
INITIAL COST LAND | 269 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,731 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (7) | |||
LAND | 269 | ||||
BUILDING AND IMPROVEMENTS | 1,724 | ||||
TOTAL | 1,993 | ||||
ACCUMULATED DEPRECIATION | 33 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,960 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Docstone Commons [Member] | |||||
INITIAL COST LAND | 3,839 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 11,468 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 565 | |||
LAND | 3,904 | ||||
BUILDING AND IMPROVEMENTS | 11,968 | ||||
TOTAL | 15,872 | ||||
ACCUMULATED DEPRECIATION | 1,996 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 13,876 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | BELL Camino-Safeway Parcel [Member] | |||||
INITIAL COST LAND | 1,104 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,574 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [3] | 0 | |||
LAND | 1,104 | ||||
BUILDING AND IMPROVEMENTS | 4,574 | ||||
TOTAL | 5,678 | ||||
ACCUMULATED DEPRECIATION | 400 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,278 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Epic Village [Member] | |||||
INITIAL COST LAND | 26,163 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 80,737 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 6,449 | |||
LAND | 26,725 | ||||
BUILDING AND IMPROVEMENTS | 86,624 | ||||
TOTAL | 113,349 | ||||
ACCUMULATED DEPRECIATION | 30,326 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 83,023 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | AAA Building at Stevens Creek [Member] | |||||
INITIAL COST LAND | 1,661 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,114 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 1,661 | ||||
BUILDING AND IMPROVEMENTS | 3,114 | ||||
TOTAL | 4,775 | ||||
ACCUMULATED DEPRECIATION | 57 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 4,718 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Edgewater Marketplace [Member] | |||||
INITIAL COST LAND | 7,807 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 32,706 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 70 | |||
LAND | 7,807 | ||||
BUILDING AND IMPROVEMENTS | 32,776 | ||||
TOTAL | 40,583 | ||||
ACCUMULATED DEPRECIATION | 548 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 40,035 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Camino Square [Member] | |||||
INITIAL COST LAND | 574 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,296 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (413) | |||
LAND | 734 | ||||
BUILDING AND IMPROVEMENTS | 1,723 | ||||
TOTAL | 2,457 | ||||
ACCUMULATED DEPRECIATION | 0 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,457 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Chatham Plaza [Member] | |||||
INITIAL COST LAND | 13,390 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 35,116 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,976 | |||
LAND | 13,403 | ||||
BUILDING AND IMPROVEMENTS | 37,079 | ||||
TOTAL | 50,482 | ||||
ACCUMULATED DEPRECIATION | 15,020 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 35,462 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Columbia Crossing [Member] | |||||
INITIAL COST LAND | 3,613 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 34,345 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,719 | |||
LAND | 3,613 | ||||
BUILDING AND IMPROVEMENTS | 36,064 | ||||
TOTAL | 39,677 | ||||
ACCUMULATED DEPRECIATION | 6,711 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 32,966 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Brennan Station [Member] | |||||
INITIAL COST LAND | 7,750 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 20,557 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 229 | |||
LAND | 6,322 | ||||
BUILDING AND IMPROVEMENTS | 22,214 | ||||
TOTAL | 28,536 | ||||
ACCUMULATED DEPRECIATION | 7,151 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 21,385 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Birchwood Plaza Commack [Member] | |||||
INITIAL COST LAND | 3,630 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,775 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,358 | |||
LAND | 3,630 | ||||
BUILDING AND IMPROVEMENTS | 6,133 | ||||
TOTAL | 9,763 | ||||
ACCUMULATED DEPRECIATION | 2,417 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,346 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Cranberry Township - Parcel 1 and 2 [Member] | |||||
INITIAL COST LAND | 10,271 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 30,770 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,898 | |||
LAND | 6,070 | ||||
BUILDING AND IMPROVEMENTS | 36,869 | ||||
TOTAL | 42,939 | ||||
ACCUMULATED DEPRECIATION | 6,536 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 36,403 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Manati Villa Maria SC [Member] | |||||
INITIAL COST LAND | 2,781 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 5,673 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,794 | |||
LAND | 2,607 | ||||
BUILDING AND IMPROVEMENTS | 7,641 | ||||
TOTAL | 10,248 | ||||
ACCUMULATED DEPRECIATION | 4,501 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,747 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | The 43rd Street Chase Bank Bldg [Member] | |||||
INITIAL COST LAND | 497 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,703 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 497 | ||||
BUILDING AND IMPROVEMENTS | 1,703 | ||||
TOTAL | 2,200 | ||||
ACCUMULATED DEPRECIATION | 27 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,173 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Docstone O/P - Staples [Member] | |||||
INITIAL COST LAND | 1,425 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,318 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (828) | |||
LAND | 1,168 | ||||
BUILDING AND IMPROVEMENTS | 3,747 | ||||
TOTAL | 4,915 | ||||
ACCUMULATED DEPRECIATION | 868 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 4,047 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Broadway Marketplace [Member] | |||||
INITIAL COST LAND | 3,517 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 10,303 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [3] | 1 | |||
LAND | 3,518 | ||||
BUILDING AND IMPROVEMENTS | 10,303 | ||||
TOTAL | 13,821 | ||||
ACCUMULATED DEPRECIATION | 334 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 13,487 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Homestead-Wachtel Land Lease [Member] | |||||
INITIAL COST LAND | 733 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,080 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 11,483 | |||
LAND | 721 | ||||
BUILDING AND IMPROVEMENTS | 15,575 | ||||
TOTAL | 16,296 | ||||
ACCUMULATED DEPRECIATION | 10,671 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,625 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Anaheim Plaza [Member] | |||||
INITIAL COST LAND | 34,228 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 73,765 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 261 | |||
LAND | 34,228 | ||||
BUILDING AND IMPROVEMENTS | 74,026 | ||||
TOTAL | 108,254 | ||||
ACCUMULATED DEPRECIATION | 1,366 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 106,888 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Englewood Plaza [Member] | |||||
INITIAL COST LAND | 806 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,233 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 991 | |||
LAND | 806 | ||||
BUILDING AND IMPROVEMENTS | 4,224 | ||||
TOTAL | 5,030 | ||||
ACCUMULATED DEPRECIATION | 2,426 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,604 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Carrollwood Commons [Member] | |||||
INITIAL COST LAND | 5,220 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 16,884 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 3,870 | |||
LAND | 5,220 | ||||
BUILDING AND IMPROVEMENTS | 20,754 | ||||
TOTAL | 25,974 | ||||
ACCUMULATED DEPRECIATION | 11,873 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 14,101 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Embry Village [Member] | |||||
INITIAL COST LAND | 18,147 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 33,010 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 4,422 | |||
LAND | 18,161 | ||||
BUILDING AND IMPROVEMENTS | 37,418 | ||||
TOTAL | 55,579 | ||||
ACCUMULATED DEPRECIATION | 24,425 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 31,154 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Columbia Crossing II Shop Ctr, [Member] | |||||
INITIAL COST LAND | 3,138 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 19,868 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 4,561 | |||
LAND | 3,138 | ||||
BUILDING AND IMPROVEMENTS | 24,429 | ||||
TOTAL | 27,567 | ||||
ACCUMULATED DEPRECIATION | 4,869 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 22,698 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Brennan Station Outparcel [Member] | |||||
INITIAL COST LAND | 628 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,666 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (188) | |||
LAND | 450 | ||||
BUILDING AND IMPROVEMENTS | 1,656 | ||||
TOTAL | 2,106 | ||||
ACCUMULATED DEPRECIATION | 455 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,651 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Bridgehampton Commons - W&E Side [Member] | |||||
INITIAL COST LAND | 1,812 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,107 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 40,364 | |||
LAND | 1,858 | ||||
BUILDING AND IMPROVEMENTS | 43,425 | ||||
TOTAL | 45,283 | ||||
ACCUMULATED DEPRECIATION | 25,183 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 20,100 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Crossroads Plaza 3 [Member] | |||||
INITIAL COST LAND | 789 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,155 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 13,983 | |||
LAND | 976 | ||||
BUILDING AND IMPROVEMENTS | 16,951 | ||||
TOTAL | 17,927 | ||||
ACCUMULATED DEPRECIATION | 11,272 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 6,655 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Plaza Centro - Costco [Member] | |||||
INITIAL COST LAND | 3,628 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 10,752 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (455) | |||
LAND | 3,866 | ||||
BUILDING AND IMPROVEMENTS | 10,059 | ||||
TOTAL | 13,925 | ||||
ACCUMULATED DEPRECIATION | 5,279 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 8,646 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Accent Plaza [Member] | |||||
INITIAL COST LAND | 500 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,831 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 5 | |||
LAND | 500 | ||||
BUILDING AND IMPROVEMENTS | 2,836 | ||||
TOTAL | 3,336 | ||||
ACCUMULATED DEPRECIATION | 1,828 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,508 | ||||
Shopping Center [Member] | Dulles Town Crossing [Member] | |||||
INITIAL COST LAND | 53,285 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 104,176 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 321 | |||
LAND | 53,285 | ||||
BUILDING AND IMPROVEMENTS | 104,497 | ||||
TOTAL | 157,782 | ||||
ACCUMULATED DEPRECIATION | 25,869 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 131,913 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Camelback Miller Plaza [Member] | |||||
INITIAL COST LAND | 6,236 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 29,230 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [3] | 425 | |||
LAND | 6,237 | ||||
BUILDING AND IMPROVEMENTS | 29,654 | ||||
TOTAL | 35,891 | ||||
ACCUMULATED DEPRECIATION | 859 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 35,032 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Center of the Hills [Member] | |||||
INITIAL COST LAND | 2,924 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 11,706 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 3,983 | |||
LAND | 2,924 | ||||
BUILDING AND IMPROVEMENTS | 15,689 | ||||
TOTAL | 18,613 | ||||
ACCUMULATED DEPRECIATION | 7,671 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 10,942 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Black Mountain Village [Member] | |||||
INITIAL COST LAND | 4,678 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 11,913 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,066 | |||
LAND | 4,678 | ||||
BUILDING AND IMPROVEMENTS | 13,979 | ||||
TOTAL | 18,657 | ||||
ACCUMULATED DEPRECIATION | 5,628 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 13,029 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Greeley Commons [Member] | |||||
INITIAL COST LAND | 3,313 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 20,070 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,896 | |||
LAND | 3,313 | ||||
BUILDING AND IMPROVEMENTS | 21,966 | ||||
TOTAL | 25,279 | ||||
ACCUMULATED DEPRECIATION | 6,031 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 19,248 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Center at Missouri Avenue [Member] | |||||
INITIAL COST LAND | 294 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 792 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 7,412 | |||
LAND | 294 | ||||
BUILDING AND IMPROVEMENTS | 8,204 | ||||
TOTAL | 8,498 | ||||
ACCUMULATED DEPRECIATION | 2,556 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,942 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Grayson Commons [Member] | |||||
INITIAL COST LAND | 2,600 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 13,358 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 2,600 | ||||
BUILDING AND IMPROVEMENTS | 13,358 | ||||
TOTAL | 15,958 | ||||
ACCUMULATED DEPRECIATION | 574 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 15,384 | ||||
ENCUMBRANCES | [2] | 3,011 | |||
Shopping Center [Member] | Columbia Crossing Outparcels [Member] | |||||
INITIAL COST LAND | 1,279 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,871 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 33,379 | |||
LAND | 9,980 | ||||
BUILDING AND IMPROVEMENTS | 27,549 | ||||
TOTAL | 37,529 | ||||
ACCUMULATED DEPRECIATION | 5,067 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 32,462 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Capital Square [Member] | |||||
INITIAL COST LAND | 3,528 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 12,159 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 3,528 | ||||
BUILDING AND IMPROVEMENTS | 12,159 | ||||
TOTAL | 15,687 | ||||
ACCUMULATED DEPRECIATION | 401 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 15,286 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Champion Food Supermarket [Member[ | |||||
INITIAL COST LAND | 758 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,875 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (25) | |||
LAND | 2,241 | ||||
BUILDING AND IMPROVEMENTS | 367 | ||||
TOTAL | 2,608 | ||||
ACCUMULATED DEPRECIATION | 243 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,365 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Devon Village [Member] | |||||
INITIAL COST LAND | 4,856 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 25,847 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (387) | |||
LAND | 4,856 | ||||
BUILDING AND IMPROVEMENTS | 25,460 | ||||
TOTAL | 30,316 | ||||
ACCUMULATED DEPRECIATION | 7,865 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 22,451 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Plaza Centro - Mall [Member] | |||||
INITIAL COST LAND | 19,873 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 58,719 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,543 | |||
LAND | 19,408 | ||||
BUILDING AND IMPROVEMENTS | 61,727 | ||||
TOTAL | 81,135 | ||||
ACCUMULATED DEPRECIATION | 28,023 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 53,112 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Alabama Shepherd S.C. [Member] | |||||
INITIAL COST LAND | 4,590 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 21,368 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2 | |||
LAND | 4,590 | ||||
BUILDING AND IMPROVEMENTS | 21,370 | ||||
TOTAL | 25,960 | ||||
ACCUMULATED DEPRECIATION | 746 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 25,214 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Gordon Plaza [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,331 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 5 | |||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 3,336 | ||||
TOTAL | 3,336 | ||||
ACCUMULATED DEPRECIATION | 530 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,806 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Camelback Village Square [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 13,038 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [3] | 0 | |||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 13,038 | ||||
TOTAL | 13,038 | ||||
ACCUMULATED DEPRECIATION | 383 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 12,655 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Brookhurst Center [Member] | |||||
INITIAL COST LAND | 10,493 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 31,358 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 4,279 | |||
LAND | 22,300 | ||||
BUILDING AND IMPROVEMENTS | 23,830 | ||||
TOTAL | 46,130 | ||||
ACCUMULATED DEPRECIATION | 5,758 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 40,372 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Heritage West S.C. [Member] | |||||
INITIAL COST LAND | 1,527 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,124 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,562 | |||
LAND | 1,527 | ||||
BUILDING AND IMPROVEMENTS | 8,686 | ||||
TOTAL | 10,213 | ||||
ACCUMULATED DEPRECIATION | 4,810 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,403 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Chevron Outparcel [Member] | |||||
INITIAL COST LAND | 531 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,253 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 531 | ||||
BUILDING AND IMPROVEMENTS | 1,253 | ||||
TOTAL | 1,784 | ||||
ACCUMULATED DEPRECIATION | 443 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,341 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Lakeside Marketplace [Member] | |||||
INITIAL COST LAND | 2,238 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 28,579 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 149 | |||
LAND | 2,238 | ||||
BUILDING AND IMPROVEMENTS | 28,728 | ||||
TOTAL | 30,966 | ||||
ACCUMULATED DEPRECIATION | 702 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 30,264 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Dorsey's Search Village Center [Member] | |||||
INITIAL COST LAND | 6,322 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 27,996 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 663 | |||
LAND | 6,322 | ||||
BUILDING AND IMPROVEMENTS | 28,659 | ||||
TOTAL | 34,981 | ||||
ACCUMULATED DEPRECIATION | 5,266 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 29,715 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Cloverdale Plaza [Member] | |||||
INITIAL COST LAND | 541 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 720 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 7,680 | |||
LAND | 541 | ||||
BUILDING AND IMPROVEMENTS | 8,400 | ||||
TOTAL | 8,941 | ||||
ACCUMULATED DEPRECIATION | 4,520 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 4,421 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Elmont S.C. [Member] | |||||
INITIAL COST LAND | 3,012 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 7,606 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 6,718 | |||
LAND | 3,012 | ||||
BUILDING AND IMPROVEMENTS | 14,324 | ||||
TOTAL | 17,336 | ||||
ACCUMULATED DEPRECIATION | 4,958 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 12,378 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Frankford Avenue S.C. [Member] | |||||
INITIAL COST LAND | 732 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,928 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 732 | ||||
BUILDING AND IMPROVEMENTS | 2,928 | ||||
TOTAL | 3,660 | ||||
ACCUMULATED DEPRECIATION | 1,902 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,758 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Plaza Centro - Retail [Member] | |||||
INITIAL COST LAND | 5,936 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 16,510 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 362 | |||
LAND | 6,026 | ||||
BUILDING AND IMPROVEMENTS | 16,782 | ||||
TOTAL | 22,808 | ||||
ACCUMULATED DEPRECIATION | 7,631 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 15,177 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Atascocita Commons Shop CTR [Member] | |||||
INITIAL COST LAND | 16,323 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 54,587 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (173) | |||
LAND | 15,641 | ||||
BUILDING AND IMPROVEMENTS | 55,096 | ||||
TOTAL | 70,737 | ||||
ACCUMULATED DEPRECIATION | 12,427 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 58,310 | ||||
Shopping Center [Member] | Hilltop Village Center [Member] | |||||
INITIAL COST LAND | 23,409 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 93,673 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 34 | |||
LAND | 23,409 | ||||
BUILDING AND IMPROVEMENTS | 93,707 | ||||
TOTAL | 117,116 | ||||
ACCUMULATED DEPRECIATION | 1,374 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 115,742 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Christown Spectrum Mall [Member] | |||||
INITIAL COST LAND | 33,831 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 91,004 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [3] | 14,816 | |||
LAND | 76,639 | ||||
BUILDING AND IMPROVEMENTS | 63,012 | ||||
TOTAL | 139,651 | ||||
ACCUMULATED DEPRECIATION | 17,396 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 122,255 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Brookvale Shopping Center [Member] | |||||
INITIAL COST LAND | 14,050 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 19,771 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 14 | |||
LAND | 14,050 | ||||
BUILDING AND IMPROVEMENTS | 19,785 | ||||
TOTAL | 33,835 | ||||
ACCUMULATED DEPRECIATION | 326 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 33,509 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Highlands Ranch II [Member] | |||||
INITIAL COST LAND | 3,515 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 11,756 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,211 | |||
LAND | 3,515 | ||||
BUILDING AND IMPROVEMENTS | 12,967 | ||||
TOTAL | 16,482 | ||||
ACCUMULATED DEPRECIATION | 3,949 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 12,533 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Colonial Plaza [Member] | |||||
INITIAL COST LAND | 25,516 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 54,604 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 3,762 | |||
LAND | 25,516 | ||||
BUILDING AND IMPROVEMENTS | 58,366 | ||||
TOTAL | 83,882 | ||||
ACCUMULATED DEPRECIATION | 1,938 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 81,944 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Lawrenceville Market [Member] | |||||
INITIAL COST LAND | 8,878 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 29,691 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,084 | |||
LAND | 9,060 | ||||
BUILDING AND IMPROVEMENTS | 30,593 | ||||
TOTAL | 39,653 | ||||
ACCUMULATED DEPRECIATION | 8,800 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 30,853 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Enchanted Forest S.C. [Member] | |||||
INITIAL COST LAND | 20,124 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 34,345 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 772 | |||
LAND | 20,124 | ||||
BUILDING AND IMPROVEMENTS | 35,117 | ||||
TOTAL | 55,241 | ||||
ACCUMULATED DEPRECIATION | 7,824 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 47,417 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Crossroads Plaza [Member] | |||||
INITIAL COST LAND | 768 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,099 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,233 | |||
LAND | 768 | ||||
BUILDING AND IMPROVEMENTS | 4,332 | ||||
TOTAL | 5,100 | ||||
ACCUMULATED DEPRECIATION | 2,424 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,676 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Elmsford Center 1 [Member] | |||||
INITIAL COST LAND | 4,134 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,193 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 4,134 | ||||
BUILDING AND IMPROVEMENTS | 1,193 | ||||
TOTAL | 5,327 | ||||
ACCUMULATED DEPRECIATION | 296 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,031 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Harrisburg East Shopping Ctr. [Member | |||||
INITIAL COST LAND | 453 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,665 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 11,650 | |||
LAND | 3,003 | ||||
BUILDING AND IMPROVEMENTS | 15,765 | ||||
TOTAL | 18,768 | ||||
ACCUMULATED DEPRECIATION | 9,185 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 9,583 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Plaza Centro - Sam's Club [Member] | |||||
INITIAL COST LAND | 6,643 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 20,225 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (1,170) | |||
LAND | 6,520 | ||||
BUILDING AND IMPROVEMENTS | 19,178 | ||||
TOTAL | 25,698 | ||||
ACCUMULATED DEPRECIATION | 17,974 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,724 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Baybrook Gateway [Member] | |||||
INITIAL COST LAND | 9,441 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 44,160 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 9,441 | ||||
BUILDING AND IMPROVEMENTS | 44,160 | ||||
TOTAL | 53,601 | ||||
ACCUMULATED DEPRECIATION | 1,401 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 52,200 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Old Town Plaza [Member] | |||||
INITIAL COST LAND | 4,500 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 41,570 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (14,866) | |||
LAND | 3,053 | ||||
BUILDING AND IMPROVEMENTS | 28,151 | ||||
TOTAL | 31,204 | ||||
ACCUMULATED DEPRECIATION | 7,871 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 23,333 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | College Park Shopping Center [Member] | |||||
INITIAL COST LAND | 3,277 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 7,741 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [3] | 1,233 | |||
LAND | 3,277 | ||||
BUILDING AND IMPROVEMENTS | 8,974 | ||||
TOTAL | 12,251 | ||||
ACCUMULATED DEPRECIATION | 3,382 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 8,869 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Cambrian Park Plaza [Member] | |||||
INITIAL COST LAND | 41,258 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,015 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 459 | |||
LAND | 41,258 | ||||
BUILDING AND IMPROVEMENTS | 2,474 | ||||
TOTAL | 43,732 | ||||
ACCUMULATED DEPRECIATION | 1,314 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 42,418 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Highlands Ranch Village S.C. [Member] | |||||
INITIAL COST LAND | 8,135 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 21,580 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,147 | |||
LAND | 5,337 | ||||
BUILDING AND IMPROVEMENTS | 25,525 | ||||
TOTAL | 30,862 | ||||
ACCUMULATED DEPRECIATION | 6,338 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 24,524 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Coral Pointe S.C. [Member] | |||||
INITIAL COST LAND | 2,412 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 20,508 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 582 | |||
LAND | 2,412 | ||||
BUILDING AND IMPROVEMENTS | 21,090 | ||||
TOTAL | 23,502 | ||||
ACCUMULATED DEPRECIATION | 4,529 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 18,973 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Market at Haynes Bridge [Member] | |||||
INITIAL COST LAND | 4,881 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 21,549 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,656 | |||
LAND | 4,890 | ||||
BUILDING AND IMPROVEMENTS | 23,196 | ||||
TOTAL | 28,086 | ||||
ACCUMULATED DEPRECIATION | 9,130 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 18,956 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Fullerton Plaza [Member] | |||||
INITIAL COST LAND | 14,238 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,744 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 10,579 | |||
LAND | 14,238 | ||||
BUILDING AND IMPROVEMENTS | 17,323 | ||||
TOTAL | 31,561 | ||||
ACCUMULATED DEPRECIATION | 3,097 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 28,464 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Crossroads Plaza 2 [Member] | |||||
INITIAL COST LAND | 13,406 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 86,456 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 281 | |||
LAND | 13,406 | ||||
BUILDING AND IMPROVEMENTS | 86,737 | ||||
TOTAL | 100,143 | ||||
ACCUMULATED DEPRECIATION | 19,910 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 80,233 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Elmsford Center 2 [Member] | |||||
INITIAL COST LAND | 4,076 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 15,599 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,118 | |||
LAND | 4,245 | ||||
BUILDING AND IMPROVEMENTS | 16,548 | ||||
TOTAL | 20,793 | ||||
ACCUMULATED DEPRECIATION | 4,784 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 16,009 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Holiday Center [Member] | |||||
INITIAL COST LAND | 7,727 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 20,014 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (4,846) | |||
LAND | 6,098 | ||||
BUILDING AND IMPROVEMENTS | 16,797 | ||||
TOTAL | 22,895 | ||||
ACCUMULATED DEPRECIATION | 5,070 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 17,825 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Ponce Town Center [Member] | |||||
INITIAL COST LAND | 14,433 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 28,449 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 5,238 | |||
LAND | 14,903 | ||||
BUILDING AND IMPROVEMENTS | 33,217 | ||||
TOTAL | 48,120 | ||||
ACCUMULATED DEPRECIATION | 20,674 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 27,446 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Bellaire Blvd S.C. [Member] | |||||
INITIAL COST LAND | 1,334 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 7,166 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2 | |||
LAND | 1,334 | ||||
BUILDING AND IMPROVEMENTS | 7,168 | ||||
TOTAL | 8,502 | ||||
ACCUMULATED DEPRECIATION | 128 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 8,374 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Potomac Run Plaza [Member] | |||||
INITIAL COST LAND | 27,370 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 48,451 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 3,587 | |||
LAND | 27,370 | ||||
BUILDING AND IMPROVEMENTS | 52,038 | ||||
TOTAL | 79,408 | ||||
ACCUMULATED DEPRECIATION | 17,953 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 61,455 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Desert Village [Member] | |||||
INITIAL COST LAND | 6,465 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 22,025 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [3] | 18 | |||
LAND | 6,465 | ||||
BUILDING AND IMPROVEMENTS | 22,043 | ||||
TOTAL | 28,508 | ||||
ACCUMULATED DEPRECIATION | 682 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 27,826 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Centerwood Plaza [Member] | |||||
INITIAL COST LAND | 10,981 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 10,702 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (13) | |||
LAND | 10,981 | ||||
BUILDING AND IMPROVEMENTS | 10,689 | ||||
TOTAL | 21,670 | ||||
ACCUMULATED DEPRECIATION | 287 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 21,383 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Lowry Town Center [Member] | |||||
INITIAL COST LAND | 3,271 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 32,685 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 116 | |||
LAND | 3,271 | ||||
BUILDING AND IMPROVEMENTS | 32,801 | ||||
TOTAL | 36,072 | ||||
ACCUMULATED DEPRECIATION | 704 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 35,368 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Coral Square Promenade [Member] | |||||
INITIAL COST LAND | 710 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,843 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 4,136 | |||
LAND | 710 | ||||
BUILDING AND IMPROVEMENTS | 6,979 | ||||
TOTAL | 7,689 | ||||
ACCUMULATED DEPRECIATION | 4,640 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 3,049 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Perimeter Expo Property [Member] | |||||
INITIAL COST LAND | 14,770 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 44,295 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,489 | |||
LAND | 16,142 | ||||
BUILDING AND IMPROVEMENTS | 45,412 | ||||
TOTAL | 61,554 | ||||
ACCUMULATED DEPRECIATION | 8,687 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 52,867 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Gaithersburg S.C. [Member] | |||||
INITIAL COST LAND | 245 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,788 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,028 | |||
LAND | 245 | ||||
BUILDING AND IMPROVEMENTS | 8,816 | ||||
TOTAL | 9,061 | ||||
ACCUMULATED DEPRECIATION | 4,751 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 4,310 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Davidson Commons [Member] | |||||
INITIAL COST LAND | 2,979 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 12,860 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 446 | |||
LAND | 2,979 | ||||
BUILDING AND IMPROVEMENTS | 13,306 | ||||
TOTAL | 16,285 | ||||
ACCUMULATED DEPRECIATION | 3,581 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 12,704 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Family Dollar Union Turnpike [Member] | |||||
INITIAL COST LAND | 909 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,250 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 258 | |||
LAND | 1,057 | ||||
BUILDING AND IMPROVEMENTS | 2,360 | ||||
TOTAL | 3,417 | ||||
ACCUMULATED DEPRECIATION | 654 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,763 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Horsham Point [Member] | |||||
INITIAL COST LAND | 3,813 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 18,189 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 95 | |||
LAND | 3,813 | ||||
BUILDING AND IMPROVEMENTS | 18,284 | ||||
TOTAL | 22,097 | ||||
ACCUMULATED DEPRECIATION | 3,434 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 18,663 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Rexville Town Center [Member] | |||||
INITIAL COST LAND | 24,873 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 48,688 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 7,647 | |||
LAND | 25,678 | ||||
BUILDING AND IMPROVEMENTS | 55,530 | ||||
TOTAL | 81,208 | ||||
ACCUMULATED DEPRECIATION | 34,411 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 46,797 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Blalock Market [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 17,283 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 15 | |||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 17,298 | ||||
TOTAL | 17,298 | ||||
ACCUMULATED DEPRECIATION | 545 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 16,753 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Stafford Marketplace [Member] | |||||
INITIAL COST LAND | 26,893 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 86,450 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 3,937 | |||
LAND | 26,893 | ||||
BUILDING AND IMPROVEMENTS | 90,387 | ||||
TOTAL | 117,280 | ||||
ACCUMULATED DEPRECIATION | 18,064 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 99,216 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Entrada De Oro Plaza [Member] | |||||
INITIAL COST LAND | 5,700 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 11,044 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [3] | 33 | |||
LAND | 5,700 | ||||
BUILDING AND IMPROVEMENTS | 11,077 | ||||
TOTAL | 16,777 | ||||
ACCUMULATED DEPRECIATION | 401 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 16,376 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Chico Crossroads [Member] | |||||
INITIAL COST LAND | 9,976 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 30,535 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (5,301) | |||
LAND | 7,905 | ||||
BUILDING AND IMPROVEMENTS | 27,305 | ||||
TOTAL | 35,210 | ||||
ACCUMULATED DEPRECIATION | 11,630 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 23,580 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Market at Southpark [Member] | |||||
INITIAL COST LAND | 9,783 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 20,780 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 4,943 | |||
LAND | 9,783 | ||||
BUILDING AND IMPROVEMENTS | 25,723 | ||||
TOTAL | 35,506 | ||||
ACCUMULATED DEPRECIATION | 6,694 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 28,812 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Corsica Square S.C. [Member] | |||||
INITIAL COST LAND | 7,225 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 10,757 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 292 | |||
LAND | 7,225 | ||||
BUILDING AND IMPROVEMENTS | 11,049 | ||||
TOTAL | 18,274 | ||||
ACCUMULATED DEPRECIATION | 2,508 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 15,766 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Perimeter Village [Member] | |||||
INITIAL COST LAND | 5,418 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 67,522 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 5,418 | ||||
BUILDING AND IMPROVEMENTS | 67,522 | ||||
TOTAL | 72,940 | ||||
ACCUMULATED DEPRECIATION | 1,531 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 71,409 | ||||
ENCUMBRANCES | [2] | 27,757 | |||
Shopping Center [Member] | Greenbrier S.C. [Member] | |||||
INITIAL COST LAND | 8,891 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 30,305 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 904 | |||
LAND | 8,891 | ||||
BUILDING AND IMPROVEMENTS | 31,209 | ||||
TOTAL | 40,100 | ||||
ACCUMULATED DEPRECIATION | 6,552 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 33,548 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Falls Pointe [Member] | |||||
INITIAL COST LAND | 4,049 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 27,415 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 4,049 | ||||
BUILDING AND IMPROVEMENTS | 27,415 | ||||
TOTAL | 31,464 | ||||
ACCUMULATED DEPRECIATION | 545 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 30,919 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Forest Avenue Plaza [Member] | |||||
INITIAL COST LAND | 4,559 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 10,441 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 3,084 | |||
LAND | 4,559 | ||||
BUILDING AND IMPROVEMENTS | 13,525 | ||||
TOTAL | 18,084 | ||||
ACCUMULATED DEPRECIATION | 4,703 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 13,381 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Lincoln Square [Member] | |||||
INITIAL COST LAND | 90,479 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 75,216 | |||
LAND | 10,533 | ||||
BUILDING AND IMPROVEMENTS | 155,162 | ||||
TOTAL | 165,695 | ||||
ACCUMULATED DEPRECIATION | 10,299 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 155,396 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Trujillo Alto Plaza [Member] | |||||
INITIAL COST LAND | 12,054 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 24,446 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 4,909 | |||
LAND | 12,289 | ||||
BUILDING AND IMPROVEMENTS | 29,120 | ||||
TOTAL | 41,409 | ||||
ACCUMULATED DEPRECIATION | 16,509 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 24,900 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Center at Baybrook [Member] | |||||
INITIAL COST LAND | 6,941 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 27,727 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 11,963 | |||
LAND | 6,928 | ||||
BUILDING AND IMPROVEMENTS | 39,703 | ||||
TOTAL | 46,631 | ||||
ACCUMULATED DEPRECIATION | 20,940 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 25,691 | ||||
Shopping Center [Member] | West Alex -Retail [Member] | |||||
INITIAL COST LAND | 6,043 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 55,434 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 6,043 | ||||
BUILDING AND IMPROVEMENTS | 55,434 | ||||
TOTAL | 61,477 | ||||
ACCUMULATED DEPRECIATION | 610 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 60,867 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Fountain Plaza [Member] | |||||
INITIAL COST LAND | 4,794 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 20,373 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [3] | 0 | |||
LAND | 4,794 | ||||
BUILDING AND IMPROVEMENTS | 20,373 | ||||
TOTAL | 25,167 | ||||
ACCUMULATED DEPRECIATION | 369 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 24,798 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Chino Hills Marketplace [Member] | |||||
INITIAL COST LAND | 17,702 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 72,529 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 64 | |||
LAND | 17,702 | ||||
BUILDING AND IMPROVEMENTS | 72,593 | ||||
TOTAL | 90,295 | ||||
ACCUMULATED DEPRECIATION | 1,821 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 88,474 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Northridge Shopping Center [Member] | |||||
INITIAL COST LAND | 4,933 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 16,496 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,839 | |||
LAND | 8,934 | ||||
BUILDING AND IMPROVEMENTS | 15,334 | ||||
TOTAL | 24,268 | ||||
ACCUMULATED DEPRECIATION | 3,918 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 20,350 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Countryside Centre [Member] | |||||
INITIAL COST LAND | 11,116 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 41,581 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 322 | |||
LAND | 11,116 | ||||
BUILDING AND IMPROVEMENTS | 41,903 | ||||
TOTAL | 53,019 | ||||
ACCUMULATED DEPRECIATION | 1,447 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 51,572 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Riverwalk Marketplace [Member] | |||||
INITIAL COST LAND | 3,512 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 18,863 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 148 | |||
LAND | 3,512 | ||||
BUILDING AND IMPROVEMENTS | 19,011 | ||||
TOTAL | 22,523 | ||||
ACCUMULATED DEPRECIATION | 3,436 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 19,087 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Harper's Choice [Member] | |||||
INITIAL COST LAND | 8,429 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 18,374 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,699 | |||
LAND | 8,429 | ||||
BUILDING AND IMPROVEMENTS | 20,073 | ||||
TOTAL | 28,502 | ||||
ACCUMULATED DEPRECIATION | 4,142 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 24,360 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | High House Crossing [Member] | |||||
INITIAL COST LAND | 3,604 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 10,950 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 86 | |||
LAND | 3,604 | ||||
BUILDING AND IMPROVEMENTS | 11,036 | ||||
TOTAL | 14,640 | ||||
ACCUMULATED DEPRECIATION | 385 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 14,255 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Franklin Square S.C. [Member] | |||||
INITIAL COST LAND | 1,079 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,517 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 3,588 | |||
LAND | 1,079 | ||||
BUILDING AND IMPROVEMENTS | 6,105 | ||||
TOTAL | 7,184 | ||||
ACCUMULATED DEPRECIATION | 2,365 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 4,819 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Norriton Square [Member] | |||||
INITIAL COST LAND | 686 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,665 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 4,342 | |||
LAND | 774 | ||||
BUILDING AND IMPROVEMENTS | 6,919 | ||||
TOTAL | 7,693 | ||||
ACCUMULATED DEPRECIATION | 5,369 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,324 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Western Plaza - Mayaquez One [Member] | |||||
INITIAL COST LAND | 10,858 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 12,253 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 794 | |||
LAND | 11,242 | ||||
BUILDING AND IMPROVEMENTS | 12,663 | ||||
TOTAL | 23,905 | ||||
ACCUMULATED DEPRECIATION | 10,248 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 13,657 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | West Alex -Office [Member] | |||||
INITIAL COST LAND | 1,479 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 10,458 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 1,479 | ||||
BUILDING AND IMPROVEMENTS | 10,458 | ||||
TOTAL | 11,937 | ||||
ACCUMULATED DEPRECIATION | 105 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 11,832 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Madera Village [Member] | |||||
INITIAL COST LAND | 3,980 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 8,110 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [3] | (35) | |||
LAND | 3,980 | ||||
BUILDING AND IMPROVEMENTS | 8,075 | ||||
TOTAL | 12,055 | ||||
ACCUMULATED DEPRECIATION | 215 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 11,840 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | City Heights [Member] | |||||
INITIAL COST LAND | 10,687 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 28,325 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (500) | |||
LAND | 13,909 | ||||
BUILDING AND IMPROVEMENTS | 24,603 | ||||
TOTAL | 38,512 | ||||
ACCUMULATED DEPRECIATION | 5,788 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 32,724 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Quincy Place S.C. [Member] | |||||
INITIAL COST LAND | 1,148 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,608 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,540 | |||
LAND | 1,148 | ||||
BUILDING AND IMPROVEMENTS | 7,148 | ||||
TOTAL | 8,296 | ||||
ACCUMULATED DEPRECIATION | 4,352 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 3,944 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Curlew Crossing Shopping Ctr [Member] | |||||
INITIAL COST LAND | 5,316 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 12,529 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 3,004 | |||
LAND | 5,316 | ||||
BUILDING AND IMPROVEMENTS | 15,533 | ||||
TOTAL | 20,849 | ||||
ACCUMULATED DEPRECIATION | 7,404 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 13,445 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Roswell Corners [Member] | |||||
INITIAL COST LAND | 4,536 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 47,054 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 4,536 | ||||
BUILDING AND IMPROVEMENTS | 47,054 | ||||
TOTAL | 51,590 | ||||
ACCUMULATED DEPRECIATION | 965 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 50,625 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Hickory Ridge [Member] | |||||
INITIAL COST LAND | 7,184 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 26,948 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,101 | |||
LAND | 7,184 | ||||
BUILDING AND IMPROVEMENTS | 28,049 | ||||
TOTAL | 35,233 | ||||
ACCUMULATED DEPRECIATION | 5,174 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 30,059 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Hope Valley Commons [Member] | |||||
INITIAL COST LAND | 3,743 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 16,808 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 3,743 | ||||
BUILDING AND IMPROVEMENTS | 16,808 | ||||
TOTAL | 20,551 | ||||
ACCUMULATED DEPRECIATION | 361 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 20,190 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Greenridge Plaza [Member] | |||||
INITIAL COST LAND | 2,940 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 11,812 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 7,502 | |||
LAND | 3,148 | ||||
BUILDING AND IMPROVEMENTS | 19,106 | ||||
TOTAL | 22,254 | ||||
ACCUMULATED DEPRECIATION | 10,529 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 11,725 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Pocono Plaza [Member] | |||||
INITIAL COST LAND | 1,050 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,373 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 18,004 | |||
LAND | 1,050 | ||||
BUILDING AND IMPROVEMENTS | 20,377 | ||||
TOTAL | 21,427 | ||||
ACCUMULATED DEPRECIATION | 2,216 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 19,211 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Western Plaza - Mayaguez Two [Member] | |||||
INITIAL COST LAND | 16,874 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 19,911 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 3,061 | |||
LAND | 16,873 | ||||
BUILDING AND IMPROVEMENTS | 22,973 | ||||
TOTAL | 39,846 | ||||
ACCUMULATED DEPRECIATION | 17,238 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 22,608 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Citadel Building [Member] | |||||
INITIAL COST LAND | 4,046 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 12,824 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 32 | |||
LAND | 4,046 | ||||
BUILDING AND IMPROVEMENTS | 12,856 | ||||
TOTAL | 16,902 | ||||
ACCUMULATED DEPRECIATION | 156 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 16,746 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | West Alex -Resi [Member] | |||||
INITIAL COST LAND | 15,892 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 65,282 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2 | |||
LAND | 15,892 | ||||
BUILDING AND IMPROVEMENTS | 65,284 | ||||
TOTAL | 81,176 | ||||
ACCUMULATED DEPRECIATION | 1,095 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 80,081 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Madison Village Marketplace [Member] | |||||
INITIAL COST LAND | 4,090 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 18,343 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [3] | 107 | |||
LAND | 4,090 | ||||
BUILDING AND IMPROVEMENTS | 18,450 | ||||
TOTAL | 22,540 | ||||
ACCUMULATED DEPRECIATION | 515 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 22,025 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Corona Hills Plaza [Member] | |||||
INITIAL COST LAND | 13,361 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 53,373 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 11,568 | |||
LAND | 13,361 | ||||
BUILDING AND IMPROVEMENTS | 64,941 | ||||
TOTAL | 78,302 | ||||
ACCUMULATED DEPRECIATION | 39,950 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 38,352 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | River Point at Sheridan [Member] | |||||
INITIAL COST LAND | 13,223 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 30,444 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 646 | |||
LAND | 13,223 | ||||
BUILDING AND IMPROVEMENTS | 31,090 | ||||
TOTAL | 44,313 | ||||
ACCUMULATED DEPRECIATION | 1,385 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 42,928 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Dania Pointe [Member] | |||||
INITIAL COST LAND | 105,113 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 34,796 | |||
LAND | 26,094 | ||||
BUILDING AND IMPROVEMENTS | 113,815 | ||||
TOTAL | 139,909 | ||||
ACCUMULATED DEPRECIATION | 7,264 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 132,645 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Roswell Crossing [Member] | |||||
INITIAL COST LAND | 6,270 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 45,338 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 6,270 | ||||
BUILDING AND IMPROVEMENTS | 45,338 | ||||
TOTAL | 51,608 | ||||
ACCUMULATED DEPRECIATION | 989 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 50,619 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Hickory Ridge (Sunoco) [Member] | |||||
INITIAL COST LAND | 543 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,122 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 543 | ||||
BUILDING AND IMPROVEMENTS | 2,122 | ||||
TOTAL | 2,665 | ||||
ACCUMULATED DEPRECIATION | 490 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,175 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Jetton Village Shoppes [Member] | |||||
INITIAL COST LAND | 3,875 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 10,292 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 622 | |||
LAND | 2,144 | ||||
BUILDING AND IMPROVEMENTS | 12,645 | ||||
TOTAL | 14,789 | ||||
ACCUMULATED DEPRECIATION | 3,431 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 11,358 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Hampton Bays Plaza [Member] | |||||
INITIAL COST LAND | 1,495 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 5,979 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 3,439 | |||
LAND | 1,495 | ||||
BUILDING AND IMPROVEMENTS | 9,418 | ||||
TOTAL | 10,913 | ||||
ACCUMULATED DEPRECIATION | 8,421 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,492 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Shoppes at Wynnewood [Member] | |||||
INITIAL COST LAND | 7,479 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 3,676 | |||
LAND | 7,479 | ||||
BUILDING AND IMPROVEMENTS | 3,676 | ||||
TOTAL | 11,155 | ||||
ACCUMULATED DEPRECIATION | 523 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 10,632 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Forest Park [Member] | |||||
INITIAL COST LAND | 1,920 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 9,545 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 485 | |||
LAND | 1,920 | ||||
BUILDING AND IMPROVEMENTS | 10,030 | ||||
TOTAL | 11,950 | ||||
ACCUMULATED DEPRECIATION | 2,575 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 9,375 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Conroe Marketplace [Member] | |||||
INITIAL COST LAND | 18,869 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 50,757 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (1,875) | |||
LAND | 10,842 | ||||
BUILDING AND IMPROVEMENTS | 56,909 | ||||
TOTAL | 67,751 | ||||
ACCUMULATED DEPRECIATION | 11,469 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 56,282 | ||||
Shopping Center [Member] | Auburn North [Member] | |||||
INITIAL COST LAND | 7,786 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 18,158 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 11,131 | |||
LAND | 7,786 | ||||
BUILDING AND IMPROVEMENTS | 29,289 | ||||
TOTAL | 37,075 | ||||
ACCUMULATED DEPRECIATION | 9,779 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 27,296 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Mesa Riverview [Member] | |||||
INITIAL COST LAND | 15,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [3] | 141,984 | |||
LAND | 308 | ||||
BUILDING AND IMPROVEMENTS | 156,676 | ||||
TOTAL | 156,984 | ||||
ACCUMULATED DEPRECIATION | 71,657 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 85,327 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Costco Plaza - 541 [Member] | |||||
INITIAL COST LAND | 4,996 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 19,983 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 593 | |||
LAND | 4,996 | ||||
BUILDING AND IMPROVEMENTS | 20,576 | ||||
TOTAL | 25,572 | ||||
ACCUMULATED DEPRECIATION | 12,605 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 12,967 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | River Point at Sheridan II [Member] | |||||
INITIAL COST LAND | 1,255 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,231 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 1,255 | ||||
BUILDING AND IMPROVEMENTS | 4,231 | ||||
TOTAL | 5,486 | ||||
ACCUMULATED DEPRECIATION | 94 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,392 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Dania Pointe Phase II [Member] | |||||
INITIAL COST LAND | [4] | 0 | |||
INITIAL COST BUILDING AND IMPROVEMENTS | [4] | 0 | |||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1],[4] | 261,609 | |||
LAND | [4] | 26,550 | |||
BUILDING AND IMPROVEMENTS | [4] | 235,059 | |||
TOTAL | [4] | 261,609 | |||
ACCUMULATED DEPRECIATION | [4] | 7,406 | |||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | [4] | 254,203 | |||
ENCUMBRANCES | [2],[4] | 0 | |||
Shopping Center [Member] | Savannah Center [Member] | |||||
INITIAL COST LAND | 2,052 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 8,233 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 5,538 | |||
LAND | 2,052 | ||||
BUILDING AND IMPROVEMENTS | 13,771 | ||||
TOTAL | 15,823 | ||||
ACCUMULATED DEPRECIATION | 8,711 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,112 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Ingleside S.C. [Member] | |||||
INITIAL COST LAND | 10,417 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 17,889 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 510 | |||
LAND | 10,417 | ||||
BUILDING AND IMPROVEMENTS | 18,399 | ||||
TOTAL | 28,816 | ||||
ACCUMULATED DEPRECIATION | 4,492 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 24,324 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Leesville Towne Centre [Member] | |||||
INITIAL COST LAND | 5,693 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 37,053 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (108) | |||
LAND | 5,693 | ||||
BUILDING AND IMPROVEMENTS | 36,945 | ||||
TOTAL | 42,638 | ||||
ACCUMULATED DEPRECIATION | 666 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 41,972 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Hicksville Plaza [Member] | |||||
INITIAL COST LAND | 3,543 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 8,266 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,571 | |||
LAND | 3,543 | ||||
BUILDING AND IMPROVEMENTS | 10,837 | ||||
TOTAL | 14,380 | ||||
ACCUMULATED DEPRECIATION | 4,737 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 9,643 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Shrewsbury Square S.C. [Member] | |||||
INITIAL COST LAND | 8,066 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 16,998 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (2,109) | |||
LAND | 6,172 | ||||
BUILDING AND IMPROVEMENTS | 16,783 | ||||
TOTAL | 22,955 | ||||
ACCUMULATED DEPRECIATION | 3,839 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 19,116 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | St. Andrews Center [Member] | |||||
INITIAL COST LAND | 730 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,132 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 21,812 | |||
LAND | 730 | ||||
BUILDING AND IMPROVEMENTS | 24,944 | ||||
TOTAL | 25,674 | ||||
ACCUMULATED DEPRECIATION | 12,735 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 12,939 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Copperfield Village Shop CTR [Member] | |||||
INITIAL COST LAND | 7,828 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 34,864 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 792 | |||
LAND | 7,828 | ||||
BUILDING AND IMPROVEMENTS | 35,656 | ||||
TOTAL | 43,484 | ||||
ACCUMULATED DEPRECIATION | 7,816 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 35,668 | ||||
Shopping Center [Member] | Covington Esplanade [Member] | |||||
INITIAL COST LAND | 6,009 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 47,941 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (36) | |||
LAND | 6,009 | ||||
BUILDING AND IMPROVEMENTS | 47,905 | ||||
TOTAL | 53,914 | ||||
ACCUMULATED DEPRECIATION | 651 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 53,263 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Metro Square [Member] | |||||
INITIAL COST LAND | 4,101 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 16,411 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [3] | 2,391 | |||
LAND | 4,101 | ||||
BUILDING AND IMPROVEMENTS | 18,802 | ||||
TOTAL | 22,903 | ||||
ACCUMULATED DEPRECIATION | 11,070 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 11,833 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Creekside Center [Member] | |||||
INITIAL COST LAND | 3,871 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 11,563 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 532 | |||
LAND | 5,154 | ||||
BUILDING AND IMPROVEMENTS | 10,812 | ||||
TOTAL | 15,966 | ||||
ACCUMULATED DEPRECIATION | 1,737 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 14,229 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Village Center - Highland Ranch [Member] | |||||
INITIAL COST LAND | 1,140 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,660 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 284 | |||
LAND | 1,140 | ||||
BUILDING AND IMPROVEMENTS | 2,944 | ||||
TOTAL | 4,084 | ||||
ACCUMULATED DEPRECIATION | 609 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 3,475 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Embassy Lakes [Member] | |||||
INITIAL COST LAND | 6,565 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 18,104 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 6,565 | ||||
BUILDING AND IMPROVEMENTS | 18,104 | ||||
TOTAL | 24,669 | ||||
ACCUMULATED DEPRECIATION | 357 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 24,312 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Thompson Bridge Commons [Member] | |||||
INITIAL COST LAND | 414 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,576 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 414 | ||||
BUILDING AND IMPROVEMENTS | 1,576 | ||||
TOTAL | 1,990 | ||||
ACCUMULATED DEPRECIATION | 19 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,971 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Kentlands Market Square [Member] | |||||
INITIAL COST LAND | 20,167 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 84,615 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 18,335 | |||
LAND | 20,167 | ||||
BUILDING AND IMPROVEMENTS | 102,950 | ||||
TOTAL | 123,117 | ||||
ACCUMULATED DEPRECIATION | 14,255 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 108,862 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Mooresville Crossing [Member] | |||||
INITIAL COST LAND | 12,014 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 30,604 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 500 | |||
LAND | 11,626 | ||||
BUILDING AND IMPROVEMENTS | 31,492 | ||||
TOTAL | 43,118 | ||||
ACCUMULATED DEPRECIATION | 13,845 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 29,273 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Independence Plaza [Member] | |||||
INITIAL COST LAND | 12,279 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 34,814 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (155) | |||
LAND | 16,132 | ||||
BUILDING AND IMPROVEMENTS | 30,806 | ||||
TOTAL | 46,938 | ||||
ACCUMULATED DEPRECIATION | 8,980 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 37,958 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Springfield S.C. [Member] | |||||
INITIAL COST LAND | 920 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,982 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 13,543 | |||
LAND | 920 | ||||
BUILDING AND IMPROVEMENTS | 18,525 | ||||
TOTAL | 19,445 | ||||
ACCUMULATED DEPRECIATION | 12,111 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,334 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Westwood Plaza [Member] | |||||
INITIAL COST LAND | 1,744 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,986 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 15,114 | |||
LAND | 1,727 | ||||
BUILDING AND IMPROVEMENTS | 22,117 | ||||
TOTAL | 23,844 | ||||
ACCUMULATED DEPRECIATION | 6,522 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 17,322 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Copperwood Village [Member] | |||||
INITIAL COST LAND | 13,848 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 84,184 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,307 | |||
LAND | 13,848 | ||||
BUILDING AND IMPROVEMENTS | 85,491 | ||||
TOTAL | 99,339 | ||||
ACCUMULATED DEPRECIATION | 18,111 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 81,228 | ||||
Shopping Center [Member] | Franklin Park Commons [Member] | |||||
INITIAL COST LAND | 5,419 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 11,989 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 7,996 | |||
LAND | 5,419 | ||||
BUILDING AND IMPROVEMENTS | 19,985 | ||||
TOTAL | 25,404 | ||||
ACCUMULATED DEPRECIATION | 4,055 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 21,349 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Monte Vista Village Center [Member] | |||||
INITIAL COST LAND | 4,064 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 8,344 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [3] | 4 | |||
LAND | 4,064 | ||||
BUILDING AND IMPROVEMENTS | 8,348 | ||||
TOTAL | 12,412 | ||||
ACCUMULATED DEPRECIATION | 208 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 12,204 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Crocker Ranch [Member] | |||||
INITIAL COST LAND | 7,526 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 24,878 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 109 | |||
LAND | 7,526 | ||||
BUILDING AND IMPROVEMENTS | 24,987 | ||||
TOTAL | 32,513 | ||||
ACCUMULATED DEPRECIATION | 5,297 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 27,216 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Village Center West [Member] | |||||
INITIAL COST LAND | 2,011 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 8,361 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 641 | |||
LAND | 2,011 | ||||
BUILDING AND IMPROVEMENTS | 9,002 | ||||
TOTAL | 11,013 | ||||
ACCUMULATED DEPRECIATION | 2,204 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 8,809 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Clive Plaza [Member] | |||||
INITIAL COST LAND | 501 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,002 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 501 | ||||
BUILDING AND IMPROVEMENTS | 2,002 | ||||
TOTAL | 2,503 | ||||
ACCUMULATED DEPRECIATION | 1,330 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,173 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | King's Contrivance [Member] | |||||
INITIAL COST LAND | 9,308 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 31,760 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,351 | |||
LAND | 9,308 | ||||
BUILDING AND IMPROVEMENTS | 33,111 | ||||
TOTAL | 42,419 | ||||
ACCUMULATED DEPRECIATION | 7,837 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 34,582 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Northwoods S.C. [Member] | |||||
INITIAL COST LAND | 2,696 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 9,397 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 2,696 | ||||
BUILDING AND IMPROVEMENTS | 9,397 | ||||
TOTAL | 12,093 | ||||
ACCUMULATED DEPRECIATION | 278 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 11,815 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Jericho Commons South [Member] | |||||
INITIAL COST LAND | 12,368 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 33,071 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 3,587 | |||
LAND | 12,368 | ||||
BUILDING AND IMPROVEMENTS | 36,658 | ||||
TOTAL | 49,026 | ||||
ACCUMULATED DEPRECIATION | 14,301 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 34,725 | ||||
ENCUMBRANCES | [2] | 3,567 | |||
Shopping Center [Member] | Suburban Square [Member] | |||||
INITIAL COST LAND | 70,680 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 166,351 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 82,114 | |||
LAND | 71,280 | ||||
BUILDING AND IMPROVEMENTS | 247,865 | ||||
TOTAL | 319,145 | ||||
ACCUMULATED DEPRECIATION | 66,410 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 252,735 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Woodruff Shopping Center [Member] | |||||
INITIAL COST LAND | 3,110 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 15,501 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,357 | |||
LAND | 3,465 | ||||
BUILDING AND IMPROVEMENTS | 16,503 | ||||
TOTAL | 19,968 | ||||
ACCUMULATED DEPRECIATION | 5,238 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 14,730 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Cypress Towne Center [Member] | |||||
INITIAL COST LAND | 6,034 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,910 | |||
LAND | 2,252 | ||||
BUILDING AND IMPROVEMENTS | 5,692 | ||||
TOTAL | 7,944 | ||||
ACCUMULATED DEPRECIATION | 1,715 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 6,229 | ||||
Shopping Center [Member] | Frontier Village Shopping CTR [Member] | |||||
INITIAL COST LAND | 10,751 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 44,861 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,651 | |||
LAND | 10,751 | ||||
BUILDING AND IMPROVEMENTS | 47,512 | ||||
TOTAL | 58,263 | ||||
ACCUMULATED DEPRECIATION | 9,972 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 48,291 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | North Valley [Member] | |||||
INITIAL COST LAND | 6,862 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 18,201 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [3] | 14,501 | |||
LAND | 4,796 | ||||
BUILDING AND IMPROVEMENTS | 34,768 | ||||
TOTAL | 39,564 | ||||
ACCUMULATED DEPRECIATION | 7,283 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 32,281 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Cupertino Village [Member] | |||||
INITIAL COST LAND | 19,886 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 46,535 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 27,312 | |||
LAND | 19,886 | ||||
BUILDING AND IMPROVEMENTS | 73,847 | ||||
TOTAL | 93,733 | ||||
ACCUMULATED DEPRECIATION | 25,083 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 68,650 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Village on the Park [Member] | |||||
INITIAL COST LAND | 2,194 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 8,886 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 19,894 | |||
LAND | 3,018 | ||||
BUILDING AND IMPROVEMENTS | 27,956 | ||||
TOTAL | 30,974 | ||||
ACCUMULATED DEPRECIATION | 7,874 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 23,100 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Ft. Lauderdale #1, FL [Member] | |||||
INITIAL COST LAND | 1,003 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,602 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 16,713 | |||
LAND | 1,774 | ||||
BUILDING AND IMPROVEMENTS | 18,544 | ||||
TOTAL | 20,318 | ||||
ACCUMULATED DEPRECIATION | 11,768 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 8,550 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Hawthorn Hills Square [Member] | |||||
INITIAL COST LAND | 6,784 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 33,034 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 3,258 | |||
LAND | 6,784 | ||||
BUILDING AND IMPROVEMENTS | 36,292 | ||||
TOTAL | 43,076 | ||||
ACCUMULATED DEPRECIATION | 11,681 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 31,395 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Laurel Plaza [Member] | |||||
INITIAL COST LAND | 350 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,398 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 6,607 | |||
LAND | 1,571 | ||||
BUILDING AND IMPROVEMENTS | 6,784 | ||||
TOTAL | 8,355 | ||||
ACCUMULATED DEPRECIATION | 2,863 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,492 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Park Place SC [Member] | |||||
INITIAL COST LAND | 5,461 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 16,163 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 4,894 | |||
LAND | 5,470 | ||||
BUILDING AND IMPROVEMENTS | 21,048 | ||||
TOTAL | 26,518 | ||||
ACCUMULATED DEPRECIATION | 9,191 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 17,327 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Key Food - 21st Street [Member] | |||||
INITIAL COST LAND | 1,091 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,700 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (165) | |||
LAND | 1,669 | ||||
BUILDING AND IMPROVEMENTS | 1,957 | ||||
TOTAL | 3,626 | ||||
ACCUMULATED DEPRECIATION | 473 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 3,153 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Township Line S.C. [Member] | |||||
INITIAL COST LAND | 732 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,928 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 732 | ||||
BUILDING AND IMPROVEMENTS | 2,928 | ||||
TOTAL | 3,660 | ||||
ACCUMULATED DEPRECIATION | 1,902 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,758 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Highland Square [Member] | |||||
INITIAL COST LAND | 1,302 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,130 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 1,302 | ||||
BUILDING AND IMPROVEMENTS | 2,130 | ||||
TOTAL | 3,432 | ||||
ACCUMULATED DEPRECIATION | 18 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 3,414 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Cypress Towne Center 2 [Member] | |||||
INITIAL COST LAND | 12,329 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 36,836 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,079 | |||
LAND | 8,644 | ||||
BUILDING AND IMPROVEMENTS | 41,600 | ||||
TOTAL | 50,244 | ||||
ACCUMULATED DEPRECIATION | 7,530 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 42,714 | ||||
Shopping Center [Member] | Gateway Shopping Center [Member] | |||||
INITIAL COST LAND | 6,938 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 11,270 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 9,340 | |||
LAND | 6,938 | ||||
BUILDING AND IMPROVEMENTS | 20,610 | ||||
TOTAL | 27,548 | ||||
ACCUMULATED DEPRECIATION | 3,022 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 24,526 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Plaza at Mountainside [Member] | |||||
INITIAL COST LAND | 2,450 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 9,802 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [3] | 2,444 | |||
LAND | 2,450 | ||||
BUILDING AND IMPROVEMENTS | 12,246 | ||||
TOTAL | 14,696 | ||||
ACCUMULATED DEPRECIATION | 7,755 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 6,941 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | El Camino Promenade [Member] | |||||
INITIAL COST LAND | 7,372 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 37,592 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 61 | |||
LAND | 7,372 | ||||
BUILDING AND IMPROVEMENTS | 37,653 | ||||
TOTAL | 45,025 | ||||
ACCUMULATED DEPRECIATION | 741 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 44,284 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Bright Horizons [Member] | |||||
INITIAL COST LAND | 1,212 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,611 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 83 | |||
LAND | 1,212 | ||||
BUILDING AND IMPROVEMENTS | 4,694 | ||||
TOTAL | 5,906 | ||||
ACCUMULATED DEPRECIATION | 1,484 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 4,422 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Ft. Lauderdale/Cypress Creek [Member] | |||||
INITIAL COST LAND | 14,259 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 28,042 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 4,135 | |||
LAND | 14,259 | ||||
BUILDING AND IMPROVEMENTS | 32,177 | ||||
TOTAL | 46,436 | ||||
ACCUMULATED DEPRECIATION | 12,733 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 33,703 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Plaza Del Prado [Member] | |||||
INITIAL COST LAND | 10,204 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 28,410 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,923 | |||
LAND | 10,204 | ||||
BUILDING AND IMPROVEMENTS | 30,333 | ||||
TOTAL | 40,537 | ||||
ACCUMULATED DEPRECIATION | 6,104 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 34,433 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Laurel Plaza 2 [Member] | |||||
INITIAL COST LAND | 275 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,101 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 174 | |||
LAND | 275 | ||||
BUILDING AND IMPROVEMENTS | 1,275 | ||||
TOTAL | 1,550 | ||||
ACCUMULATED DEPRECIATION | 1,242 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 308 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Pleasant Valley Promenade [Member] | |||||
INITIAL COST LAND | 5,209 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 20,886 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 22,926 | |||
LAND | 5,209 | ||||
BUILDING AND IMPROVEMENTS | 43,812 | ||||
TOTAL | 49,021 | ||||
ACCUMULATED DEPRECIATION | 24,173 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 24,848 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Key Food - Atlantic Ave [Member] | |||||
INITIAL COST LAND | 2,273 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 5,625 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 509 | |||
LAND | 4,809 | ||||
BUILDING AND IMPROVEMENTS | 3,598 | ||||
TOTAL | 8,407 | ||||
ACCUMULATED DEPRECIATION | 1,061 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,346 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Wayne Plaza [Member] | |||||
INITIAL COST LAND | 6,128 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 15,605 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 751 | |||
LAND | 6,136 | ||||
BUILDING AND IMPROVEMENTS | 16,348 | ||||
TOTAL | 22,484 | ||||
ACCUMULATED DEPRECIATION | 6,130 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 16,354 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Mendenhall Commons [Member] | |||||
INITIAL COST LAND | 1,272 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 14,826 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 1,272 | ||||
BUILDING AND IMPROVEMENTS | 14,826 | ||||
TOTAL | 16,098 | ||||
ACCUMULATED DEPRECIATION | 666 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 15,432 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Cypress Towne Center (Phase II) [Member] | |||||
INITIAL COST LAND | 2,061 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,158 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (1,361) | |||
LAND | 270 | ||||
BUILDING AND IMPROVEMENTS | 6,588 | ||||
TOTAL | 6,858 | ||||
ACCUMULATED DEPRECIATION | 1,726 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,132 | ||||
Shopping Center [Member] | Olympia West Outparcel [Member] | |||||
INITIAL COST LAND | 360 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 800 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 100 | |||
LAND | 360 | ||||
BUILDING AND IMPROVEMENTS | 900 | ||||
TOTAL | 1,260 | ||||
ACCUMULATED DEPRECIATION | 217 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,043 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Plaza Del Sol [Member] | |||||
INITIAL COST LAND | 5,325 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 21,270 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [3] | 1,766 | |||
LAND | 4,578 | ||||
BUILDING AND IMPROVEMENTS | 23,783 | ||||
TOTAL | 28,361 | ||||
ACCUMULATED DEPRECIATION | 10,966 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 17,395 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Freedom Centre [Member] | |||||
INITIAL COST LAND | 8,933 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 18,622 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 107 | |||
LAND | 8,933 | ||||
BUILDING AND IMPROVEMENTS | 18,729 | ||||
TOTAL | 27,662 | ||||
ACCUMULATED DEPRECIATION | 555 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 27,107 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Hamden Mart [Member] | |||||
INITIAL COST LAND | 13,668 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 40,890 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 6,338 | |||
LAND | 14,226 | ||||
BUILDING AND IMPROVEMENTS | 46,670 | ||||
TOTAL | 60,896 | ||||
ACCUMULATED DEPRECIATION | 10,853 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 50,043 | ||||
ENCUMBRANCES | [2] | 17,705 | |||
Shopping Center [Member] | Grand Oaks Village [Member] | |||||
INITIAL COST LAND | 7,409 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 19,654 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (36) | |||
LAND | 5,846 | ||||
BUILDING AND IMPROVEMENTS | 21,181 | ||||
TOTAL | 27,027 | ||||
ACCUMULATED DEPRECIATION | 5,717 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 21,310 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Skokie Pointe [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,276 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 9,713 | |||
LAND | 2,628 | ||||
BUILDING AND IMPROVEMENTS | 9,361 | ||||
TOTAL | 11,989 | ||||
ACCUMULATED DEPRECIATION | 4,931 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,058 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Mill Station [Member] | |||||
INITIAL COST LAND | 21,321 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 62,742 | |||
LAND | 16,076 | ||||
BUILDING AND IMPROVEMENTS | 67,987 | ||||
TOTAL | 84,063 | ||||
ACCUMULATED DEPRECIATION | 2,726 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 81,337 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Quail Corners [Member] | |||||
INITIAL COST LAND | 7,318 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 26,676 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,825 | |||
LAND | 7,318 | ||||
BUILDING AND IMPROVEMENTS | 28,501 | ||||
TOTAL | 35,819 | ||||
ACCUMULATED DEPRECIATION | 5,989 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 29,830 | ||||
ENCUMBRANCES | [2] | 14,023 | |||
Shopping Center [Member] | Key Food - Central Ave. [Member] | |||||
INITIAL COST LAND | 2,788 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,899 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (395) | |||
LAND | 2,603 | ||||
BUILDING AND IMPROVEMENTS | 6,689 | ||||
TOTAL | 9,292 | ||||
ACCUMULATED DEPRECIATION | 1,686 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,606 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Wexford Plaza [Member] | |||||
INITIAL COST LAND | 6,414 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 9,775 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 10,954 | |||
LAND | 6,299 | ||||
BUILDING AND IMPROVEMENTS | 20,844 | ||||
TOTAL | 27,143 | ||||
ACCUMULATED DEPRECIATION | 6,481 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 20,662 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Old Towne Village [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,134 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 4,602 | |||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 8,736 | ||||
TOTAL | 8,736 | ||||
ACCUMULATED DEPRECIATION | 6,589 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,147 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Driscoll at River Oaks -Resi [Member] | |||||
INITIAL COST LAND | 1,244 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 145,366 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 1,244 | ||||
BUILDING AND IMPROVEMENTS | 145,366 | ||||
TOTAL | 146,610 | ||||
ACCUMULATED DEPRECIATION | 1,357 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 145,253 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Silverdale Plaza [Member] | |||||
INITIAL COST LAND | 3,875 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 33,109 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 279 | |||
LAND | 3,756 | ||||
BUILDING AND IMPROVEMENTS | 33,507 | ||||
TOTAL | 37,263 | ||||
ACCUMULATED DEPRECIATION | 8,758 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 28,505 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Pueblo Anozira [Member] | |||||
INITIAL COST LAND | 7,734 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 27,063 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [3] | 39 | |||
LAND | 7,734 | ||||
BUILDING AND IMPROVEMENTS | 27,102 | ||||
TOTAL | 34,836 | ||||
ACCUMULATED DEPRECIATION | 728 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 34,108 | ||||
ENCUMBRANCES | [2] | 12,617 | |||
Shopping Center [Member] | Fulton Market Place [Member] | |||||
INITIAL COST LAND | 2,966 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,921 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 16,632 | |||
LAND | 6,280 | ||||
BUILDING AND IMPROVEMENTS | 20,239 | ||||
TOTAL | 26,519 | ||||
ACCUMULATED DEPRECIATION | 5,671 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 20,848 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Home Depot Plaza 2 [Member] | |||||
INITIAL COST LAND | 7,705 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 30,798 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 3,803 | |||
LAND | 7,705 | ||||
BUILDING AND IMPROVEMENTS | 34,601 | ||||
TOTAL | 42,306 | ||||
ACCUMULATED DEPRECIATION | 19,570 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 22,736 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Grove Gates S.C. [Member] | |||||
INITIAL COST LAND | 366 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,049 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 793 | |||
LAND | 366 | ||||
BUILDING AND IMPROVEMENTS | 1,842 | ||||
TOTAL | 2,208 | ||||
ACCUMULATED DEPRECIATION | 1,658 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 550 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Greenwood S.C. [Member] | |||||
INITIAL COST LAND | 423 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,883 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 20,577 | |||
LAND | 1,641 | ||||
BUILDING AND IMPROVEMENTS | 21,242 | ||||
TOTAL | 22,883 | ||||
ACCUMULATED DEPRECIATION | 4,931 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 17,952 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Mill Station Theater/ Restaurants [Member] | |||||
INITIAL COST LAND | 23,379 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,090 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (3,688) | |||
LAND | 14,738 | ||||
BUILDING AND IMPROVEMENTS | 6,043 | ||||
TOTAL | 20,781 | ||||
ACCUMULATED DEPRECIATION | 1,428 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 19,353 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Six Forks S.C. [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 78,366 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 24 | |||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 78,390 | ||||
TOTAL | 78,390 | ||||
ACCUMULATED DEPRECIATION | 1,857 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 76,533 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Kings Highway [Member] | |||||
INITIAL COST LAND | 2,744 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,811 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,266 | |||
LAND | 2,744 | ||||
BUILDING AND IMPROVEMENTS | 9,077 | ||||
TOTAL | 11,821 | ||||
ACCUMULATED DEPRECIATION | 4,308 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,513 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Whitehall Mall [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 5,196 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 5,196 | ||||
TOTAL | 5,196 | ||||
ACCUMULATED DEPRECIATION | 3,375 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,821 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | The Commons at Dexter Lake [Member] | |||||
INITIAL COST LAND | 1,554 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 14,649 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 1,554 | ||||
BUILDING AND IMPROVEMENTS | 14,649 | ||||
TOTAL | 16,203 | ||||
ACCUMULATED DEPRECIATION | 726 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 15,477 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Fiesta Target [Member] | |||||
INITIAL COST LAND | 6,766 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 7,334 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 38 | |||
LAND | 6,766 | ||||
BUILDING AND IMPROVEMENTS | 7,372 | ||||
TOTAL | 14,138 | ||||
ACCUMULATED DEPRECIATION | 205 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 13,933 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | The Marketplace at Factoria [Member] | |||||
INITIAL COST LAND | 60,502 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 92,696 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 11,888 | |||
LAND | 60,502 | ||||
BUILDING AND IMPROVEMENTS | 104,584 | ||||
TOTAL | 165,086 | ||||
ACCUMULATED DEPRECIATION | 26,424 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 138,662 | ||||
ENCUMBRANCES | [2] | 51,397 | |||
Shopping Center [Member] | Raintree Ranch Center [Member] | |||||
INITIAL COST LAND | 7,720 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 30,743 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [3] | 11 | |||
LAND | 7,720 | ||||
BUILDING AND IMPROVEMENTS | 30,754 | ||||
TOTAL | 38,474 | ||||
ACCUMULATED DEPRECIATION | 663 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 37,811 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Gateway at Donner Pass [Member] | |||||
INITIAL COST LAND | 4,516 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 8,319 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 14,359 | |||
LAND | 8,759 | ||||
BUILDING AND IMPROVEMENTS | 18,435 | ||||
TOTAL | 27,194 | ||||
ACCUMULATED DEPRECIATION | 2,937 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 24,257 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Newtown S.C. [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 15,635 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 420 | |||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 16,055 | ||||
TOTAL | 16,055 | ||||
ACCUMULATED DEPRECIATION | 3,211 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 12,844 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Linwood Square [Member] | |||||
INITIAL COST LAND | 3,411 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 8,687 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 888 | |||
LAND | 3,411 | ||||
BUILDING AND IMPROVEMENTS | 9,575 | ||||
TOTAL | 12,986 | ||||
ACCUMULATED DEPRECIATION | 715 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 12,271 | ||||
ENCUMBRANCES | [2] | 4,805 | |||
Shopping Center [Member] | Pike Center [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 61,389 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 9 | |||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 61,398 | ||||
TOTAL | 61,398 | ||||
ACCUMULATED DEPRECIATION | 981 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 60,417 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Stonehenge Market [Member] | |||||
INITIAL COST LAND | 3,848 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 37,900 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 3,848 | ||||
BUILDING AND IMPROVEMENTS | 37,900 | ||||
TOTAL | 41,748 | ||||
ACCUMULATED DEPRECIATION | 624 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 41,124 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Kissena Boulevard Shopping Ctr. [Member] | |||||
INITIAL COST LAND | 11,610 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,933 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,608 | |||
LAND | 11,610 | ||||
BUILDING AND IMPROVEMENTS | 4,541 | ||||
TOTAL | 16,151 | ||||
ACCUMULATED DEPRECIATION | 1,297 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 14,854 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Whiteland Town Center [Member] | |||||
INITIAL COST LAND | 732 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,928 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 59 | |||
LAND | 732 | ||||
BUILDING AND IMPROVEMENTS | 2,987 | ||||
TOTAL | 3,719 | ||||
ACCUMULATED DEPRECIATION | 1,949 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,770 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | The Commons at Dexter Lake II [Member] | |||||
INITIAL COST LAND | 567 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 8,874 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 567 | ||||
BUILDING AND IMPROVEMENTS | 8,874 | ||||
TOTAL | 9,441 | ||||
ACCUMULATED DEPRECIATION | 231 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 9,210 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Fiesta Trails [Member] | |||||
INITIAL COST LAND | 15,185 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 32,897 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 181 | |||
LAND | 15,185 | ||||
BUILDING AND IMPROVEMENTS | 33,078 | ||||
TOTAL | 48,263 | ||||
ACCUMULATED DEPRECIATION | 1,021 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 47,242 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | The Whittaker [Member] | |||||
INITIAL COST LAND | 15,799 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 23,508 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 15,799 | ||||
BUILDING AND IMPROVEMENTS | 23,508 | ||||
TOTAL | 39,307 | ||||
ACCUMULATED DEPRECIATION | 432 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 38,875 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Red Mountain Gateway [Member] | |||||
INITIAL COST LAND | 4,653 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 10,410 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [3] | (55) | |||
LAND | 4,653 | ||||
BUILDING AND IMPROVEMENTS | 10,355 | ||||
TOTAL | 15,008 | ||||
ACCUMULATED DEPRECIATION | 463 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 14,545 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Gateway Plaza [Member] | |||||
INITIAL COST LAND | 18,372 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 65,851 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 18,372 | ||||
BUILDING AND IMPROVEMENTS | 65,851 | ||||
TOTAL | 84,223 | ||||
ACCUMULATED DEPRECIATION | 1,475 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 82,748 | ||||
ENCUMBRANCES | [2] | 24,298 | |||
Shopping Center [Member] | West Farm Shopping Center [Member] | |||||
INITIAL COST LAND | 5,806 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 23,348 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 19,621 | |||
LAND | 7,585 | ||||
BUILDING AND IMPROVEMENTS | 41,190 | ||||
TOTAL | 48,775 | ||||
ACCUMULATED DEPRECIATION | 20,543 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 28,232 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Kendale Lakes Plaza [Member] | |||||
INITIAL COST LAND | 18,491 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 28,496 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (785) | |||
LAND | 15,362 | ||||
BUILDING AND IMPROVEMENTS | 30,840 | ||||
TOTAL | 46,202 | ||||
ACCUMULATED DEPRECIATION | 10,356 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 35,846 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Festival on Jefferson Court [Member] | |||||
INITIAL COST LAND | 5,627 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 26,790 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 225 | |||
LAND | 5,627 | ||||
BUILDING AND IMPROVEMENTS | 27,015 | ||||
TOTAL | 32,642 | ||||
ACCUMULATED DEPRECIATION | 827 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 31,815 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Putty Hill Plaza [Member] | |||||
INITIAL COST LAND | 4,192 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 11,112 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 795 | |||
LAND | 4,192 | ||||
BUILDING AND IMPROVEMENTS | 11,907 | ||||
TOTAL | 16,099 | ||||
ACCUMULATED DEPRECIATION | 3,800 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 12,299 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Tyvola Mall [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,736 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 8,911 | |||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 13,647 | ||||
TOTAL | 13,647 | ||||
ACCUMULATED DEPRECIATION | 10,547 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 3,100 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Little Neck Plaza [Member] | |||||
INITIAL COST LAND | 3,277 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 13,161 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 6,151 | |||
LAND | 3,277 | ||||
BUILDING AND IMPROVEMENTS | 19,312 | ||||
TOTAL | 22,589 | ||||
ACCUMULATED DEPRECIATION | 9,599 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 12,990 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Whole Foods at Wynnewood [Member] | |||||
INITIAL COST LAND | 15,042 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 11,785 | |||
LAND | 13,772 | ||||
BUILDING AND IMPROVEMENTS | 13,055 | ||||
TOTAL | 26,827 | ||||
ACCUMULATED DEPRECIATION | 1,371 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 25,456 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Galveston Place [Member] | |||||
INITIAL COST LAND | 1,661 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 28,288 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 377 | |||
LAND | 1,661 | ||||
BUILDING AND IMPROVEMENTS | 28,665 | ||||
TOTAL | 30,326 | ||||
ACCUMULATED DEPRECIATION | 606 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 29,720 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Scottsdale Horizon [Member] | |||||
INITIAL COST LAND | 8,191 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 36,728 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [3] | 56 | |||
LAND | 8,191 | ||||
BUILDING AND IMPROVEMENTS | 36,784 | ||||
TOTAL | 44,975 | ||||
ACCUMULATED DEPRECIATION | 953 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 44,022 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Greenhouse Marketplace [Member] | |||||
INITIAL COST LAND | 10,976 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 27,721 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 10,976 | ||||
BUILDING AND IMPROVEMENTS | 27,721 | ||||
TOTAL | 38,697 | ||||
ACCUMULATED DEPRECIATION | 881 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 37,816 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Wilton Campus [Member] | |||||
INITIAL COST LAND | 10,169 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 31,893 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,858 | |||
LAND | 10,169 | ||||
BUILDING AND IMPROVEMENTS | 34,751 | ||||
TOTAL | 44,920 | ||||
ACCUMULATED DEPRECIATION | 10,220 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 34,700 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Largo Plaza [Member] | |||||
INITIAL COST LAND | 23,571 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 63,604 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 84 | |||
LAND | 23,571 | ||||
BUILDING AND IMPROVEMENTS | 63,688 | ||||
TOTAL | 87,259 | ||||
ACCUMULATED DEPRECIATION | 1,917 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 85,342 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Adams Plaza [Member] | |||||
INITIAL COST LAND | 2,089 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,227 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 179 | |||
LAND | 2,089 | ||||
BUILDING AND IMPROVEMENTS | 3,406 | ||||
TOTAL | 5,495 | ||||
ACCUMULATED DEPRECIATION | 824 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 4,671 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Radcliffe Center [Member] | |||||
INITIAL COST LAND | 12,043 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 21,188 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (128) | |||
LAND | 12,043 | ||||
BUILDING AND IMPROVEMENTS | 21,060 | ||||
TOTAL | 33,103 | ||||
ACCUMULATED DEPRECIATION | 5,106 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 27,997 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Woodlawn Marketplace [Member] | |||||
INITIAL COST LAND | 919 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,571 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 3,174 | |||
LAND | 919 | ||||
BUILDING AND IMPROVEMENTS | 6,745 | ||||
TOTAL | 7,664 | ||||
ACCUMULATED DEPRECIATION | 4,654 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 3,010 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Manetto Hill Plaza [Member] | |||||
INITIAL COST LAND | 264 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 584 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 15,940 | |||
LAND | 264 | ||||
BUILDING AND IMPROVEMENTS | 16,524 | ||||
TOTAL | 16,788 | ||||
ACCUMULATED DEPRECIATION | 7,613 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 9,175 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Gateway Station [Member] | |||||
INITIAL COST LAND | 1,374 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 28,145 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 4,061 | |||
LAND | 1,375 | ||||
BUILDING AND IMPROVEMENTS | 32,205 | ||||
TOTAL | 33,580 | ||||
ACCUMULATED DEPRECIATION | 7,596 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 25,984 | ||||
Shopping Center [Member] | Scottsdale Waterfront [Member] | |||||
INITIAL COST LAND | 15,872 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 30,112 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [3] | 0 | |||
LAND | 15,872 | ||||
BUILDING AND IMPROVEMENTS | 30,112 | ||||
TOTAL | 45,984 | ||||
ACCUMULATED DEPRECIATION | 753 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 45,231 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Greenhouse Marketplace II [Member] | |||||
INITIAL COST LAND | 5,346 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 7,188 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (16) | |||
LAND | 5,346 | ||||
BUILDING AND IMPROVEMENTS | 7,172 | ||||
TOTAL | 12,518 | ||||
ACCUMULATED DEPRECIATION | 252 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 12,266 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Wilton River Park Shopping Ctr [Member] | |||||
INITIAL COST LAND | 7,155 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 27,509 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 609 | |||
LAND | 7,155 | ||||
BUILDING AND IMPROVEMENTS | 28,118 | ||||
TOTAL | 35,273 | ||||
ACCUMULATED DEPRECIATION | 7,129 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 28,144 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Maplewood Plaza [Member] | |||||
INITIAL COST LAND | 1,649 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,626 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,883 | |||
LAND | 1,649 | ||||
BUILDING AND IMPROVEMENTS | 8,509 | ||||
TOTAL | 10,158 | ||||
ACCUMULATED DEPRECIATION | 4,991 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,167 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Broadway Plaza [Member] | |||||
INITIAL COST LAND | 6,485 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 343 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 6,485 | ||||
BUILDING AND IMPROVEMENTS | 343 | ||||
TOTAL | 6,828 | ||||
ACCUMULATED DEPRECIATION | 194 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 6,634 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Riverhill Village Center [Member] | |||||
INITIAL COST LAND | 16,825 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 23,282 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 511 | |||
LAND | 16,825 | ||||
BUILDING AND IMPROVEMENTS | 23,793 | ||||
TOTAL | 40,618 | ||||
ACCUMULATED DEPRECIATION | 6,146 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 34,472 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Woodlawn Shopping Center [Member] | |||||
INITIAL COST LAND | 2,011 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 5,834 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,156 | |||
LAND | 2,011 | ||||
BUILDING AND IMPROVEMENTS | 7,990 | ||||
TOTAL | 10,001 | ||||
ACCUMULATED DEPRECIATION | 2,328 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,673 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Manhasset Center [Member] | |||||
INITIAL COST LAND | 4,567 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 19,166 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 33,383 | |||
LAND | 3,472 | ||||
BUILDING AND IMPROVEMENTS | 53,644 | ||||
TOTAL | 57,116 | ||||
ACCUMULATED DEPRECIATION | 30,942 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 26,174 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Gateway Station Phase II [Member] | |||||
INITIAL COST LAND | 4,140 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 12,020 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 954 | |||
LAND | 4,143 | ||||
BUILDING AND IMPROVEMENTS | 12,971 | ||||
TOTAL | 17,114 | ||||
ACCUMULATED DEPRECIATION | 1,821 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 15,293 | ||||
Shopping Center [Member] | Shoppes at Bears Path [Member] | |||||
INITIAL COST LAND | 3,445 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,874 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [3] | 0 | |||
LAND | 3,445 | ||||
BUILDING AND IMPROVEMENTS | 2,874 | ||||
TOTAL | 6,319 | ||||
ACCUMULATED DEPRECIATION | 155 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 6,164 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Home Depot Plaza [Member] | |||||
INITIAL COST LAND | 4,592 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 18,345 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 4,592 | ||||
BUILDING AND IMPROVEMENTS | 18,345 | ||||
TOTAL | 22,937 | ||||
ACCUMULATED DEPRECIATION | 11,256 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 11,681 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Brandywine Commons [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 36,057 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (936) | |||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 35,121 | ||||
TOTAL | 35,121 | ||||
ACCUMULATED DEPRECIATION | 8,055 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 27,066 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Marathon Shopping Center [Member] | |||||
INITIAL COST LAND | 2,413 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 8,069 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,634 | |||
LAND | 1,515 | ||||
BUILDING AND IMPROVEMENTS | 10,601 | ||||
TOTAL | 12,116 | ||||
ACCUMULATED DEPRECIATION | 2,620 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 9,496 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Falmouth Plaza [Member] | |||||
INITIAL COST LAND | 2,361 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 13,066 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,819 | |||
LAND | 2,361 | ||||
BUILDING AND IMPROVEMENTS | 14,885 | ||||
TOTAL | 17,246 | ||||
ACCUMULATED DEPRECIATION | 3,239 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 14,007 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Shawan Plaza [Member] | |||||
INITIAL COST LAND | 4,466 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 20,222 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (182) | |||
LAND | 4,466 | ||||
BUILDING AND IMPROVEMENTS | 20,040 | ||||
TOTAL | 24,506 | ||||
ACCUMULATED DEPRECIATION | 13,178 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 11,328 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Rockingham Plaza [Member] | |||||
INITIAL COST LAND | 2,661 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 10,644 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 24,026 | |||
LAND | 3,149 | ||||
BUILDING AND IMPROVEMENTS | 34,182 | ||||
TOTAL | 37,331 | ||||
ACCUMULATED DEPRECIATION | 16,298 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 21,033 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Market at Bay Shore [Member] | |||||
INITIAL COST LAND | 12,360 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 30,708 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 6,720 | |||
LAND | 12,360 | ||||
BUILDING AND IMPROVEMENTS | 37,428 | ||||
TOTAL | 49,788 | ||||
ACCUMULATED DEPRECIATION | 16,564 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 33,224 | ||||
ENCUMBRANCES | [2] | 11,979 | |||
Shopping Center [Member] | Grand Parkway Marketplace II [Member] | |||||
INITIAL COST LAND | 13,436 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 39,389 | |||
LAND | 12,298 | ||||
BUILDING AND IMPROVEMENTS | 40,527 | ||||
TOTAL | 52,825 | ||||
ACCUMULATED DEPRECIATION | 4,030 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 48,795 | ||||
Shopping Center [Member] | Squaw Peak Plaza [Member] | |||||
INITIAL COST LAND | 2,515 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 17,021 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [3] | 0 | |||
LAND | 2,515 | ||||
BUILDING AND IMPROVEMENTS | 17,021 | ||||
TOTAL | 19,536 | ||||
ACCUMULATED DEPRECIATION | 455 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 19,081 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Kenneth Hahn Plaza [Member] | |||||
INITIAL COST LAND | 4,115 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 7,661 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (840) | |||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 10,936 | ||||
TOTAL | 10,936 | ||||
ACCUMULATED DEPRECIATION | 4,410 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 6,526 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Camden Square [Member] | |||||
INITIAL COST LAND | 123 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 67 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 4,732 | |||
LAND | 3,024 | ||||
BUILDING AND IMPROVEMENTS | 1,898 | ||||
TOTAL | 4,922 | ||||
ACCUMULATED DEPRECIATION | 284 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 4,638 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Merchants Walk [Member] | |||||
INITIAL COST LAND | 2,581 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 10,366 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 10,577 | |||
LAND | 2,581 | ||||
BUILDING AND IMPROVEMENTS | 20,943 | ||||
TOTAL | 23,524 | ||||
ACCUMULATED DEPRECIATION | 11,594 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 11,930 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Fellsway Plaza [Member] | |||||
INITIAL COST LAND | 5,300 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 11,014 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,203 | |||
LAND | 5,300 | ||||
BUILDING AND IMPROVEMENTS | 12,217 | ||||
TOTAL | 17,517 | ||||
ACCUMULATED DEPRECIATION | 2,482 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 15,035 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Shoppes at Easton [Member] | |||||
INITIAL COST LAND | 6,524 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 16,402 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (2,697) | |||
LAND | 5,630 | ||||
BUILDING AND IMPROVEMENTS | 14,599 | ||||
TOTAL | 20,229 | ||||
ACCUMULATED DEPRECIATION | 3,637 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 16,592 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Webster Square [Member] | |||||
INITIAL COST LAND | 11,683 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 41,708 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 6,180 | |||
LAND | 11,683 | ||||
BUILDING AND IMPROVEMENTS | 47,888 | ||||
TOTAL | 59,571 | ||||
ACCUMULATED DEPRECIATION | 10,271 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 49,300 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Maspeth Queens-Duane Reade [Member] | |||||
INITIAL COST LAND | 1,872 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,828 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,037 | |||
LAND | 1,872 | ||||
BUILDING AND IMPROVEMENTS | 5,865 | ||||
TOTAL | 7,737 | ||||
ACCUMULATED DEPRECIATION | 2,474 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,263 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Grand Parkway Marketplace [Member] | |||||
INITIAL COST LAND | 25,364 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 68,228 | |||
LAND | 21,937 | ||||
BUILDING AND IMPROVEMENTS | 71,655 | ||||
TOTAL | 93,592 | ||||
ACCUMULATED DEPRECIATION | 7,336 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 86,256 | ||||
Shopping Center [Member] | Village Crossroads [Member] | |||||
INITIAL COST LAND | 5,663 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 24,981 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [3] | 1,221 | |||
LAND | 5,663 | ||||
BUILDING AND IMPROVEMENTS | 26,202 | ||||
TOTAL | 31,865 | ||||
ACCUMULATED DEPRECIATION | 7,730 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 24,135 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | La Mirada Theatre Center [Member] | |||||
INITIAL COST LAND | 8,817 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 35,260 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (296) | |||
LAND | 6,889 | ||||
BUILDING AND IMPROVEMENTS | 36,892 | ||||
TOTAL | 43,781 | ||||
ACCUMULATED DEPRECIATION | 21,432 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 22,349 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Promenade at Christiana [Member] | |||||
INITIAL COST LAND | 14,372 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 6,116 | |||
LAND | 8,340 | ||||
BUILDING AND IMPROVEMENTS | 12,148 | ||||
TOTAL | 20,488 | ||||
ACCUMULATED DEPRECIATION | 624 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 19,864 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | MIllenia Plaza Phase II [Member] | |||||
INITIAL COST LAND | 7,711 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 20,703 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 4,994 | |||
LAND | 7,698 | ||||
BUILDING AND IMPROVEMENTS | 25,710 | ||||
TOTAL | 33,408 | ||||
ACCUMULATED DEPRECIATION | 10,303 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 23,105 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Festival of Hyannis S.C. [Member] | |||||
INITIAL COST LAND | 15,038 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 40,683 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,818 | |||
LAND | 15,038 | ||||
BUILDING AND IMPROVEMENTS | 42,501 | ||||
TOTAL | 57,539 | ||||
ACCUMULATED DEPRECIATION | 10,767 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 46,772 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Shops at District Heights [Member] | |||||
INITIAL COST LAND | 8,166 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 21,971 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (1,376) | |||
LAND | 7,298 | ||||
BUILDING AND IMPROVEMENTS | 21,463 | ||||
TOTAL | 28,761 | ||||
ACCUMULATED DEPRECIATION | 3,677 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 25,084 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Webster Square - DSW [Member] | |||||
INITIAL COST LAND | 1,346 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,638 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 132 | |||
LAND | 1,346 | ||||
BUILDING AND IMPROVEMENTS | 3,770 | ||||
TOTAL | 5,116 | ||||
ACCUMULATED DEPRECIATION | 733 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 4,383 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Milleridge Inn [Member] | |||||
INITIAL COST LAND | 7,500 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 481 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (48) | |||
LAND | 7,500 | ||||
BUILDING AND IMPROVEMENTS | 433 | ||||
TOTAL | 7,933 | ||||
ACCUMULATED DEPRECIATION | 58 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,875 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Harrisburg Plaza [Member] | |||||
INITIAL COST LAND | 2,046 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 23,175 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 2,046 | ||||
BUILDING AND IMPROVEMENTS | 23,175 | ||||
TOTAL | 25,221 | ||||
ACCUMULATED DEPRECIATION | 556 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 24,665 | ||||
ENCUMBRANCES | [2] | 9,228 | |||
Shopping Center [Member] | La Verne Town Center [Member] | |||||
INITIAL COST LAND | 8,414 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 23,856 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 12,491 | |||
LAND | 16,362 | ||||
BUILDING AND IMPROVEMENTS | 28,399 | ||||
TOTAL | 44,761 | ||||
ACCUMULATED DEPRECIATION | 7,210 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 37,551 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Miller Road S.C. [Member] | |||||
INITIAL COST LAND | 1,138 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,552 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 4,682 | |||
LAND | 1,138 | ||||
BUILDING AND IMPROVEMENTS | 9,234 | ||||
TOTAL | 10,372 | ||||
ACCUMULATED DEPRECIATION | 6,344 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 4,028 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Glendale Square [Member] | |||||
INITIAL COST LAND | 4,699 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 7,141 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 393 | |||
LAND | 4,699 | ||||
BUILDING AND IMPROVEMENTS | 7,534 | ||||
TOTAL | 12,233 | ||||
ACCUMULATED DEPRECIATION | 1,907 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 10,326 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Snowden Square S.C. [Member] | |||||
INITIAL COST LAND | 1,929 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,558 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 5,155 | |||
LAND | 3,326 | ||||
BUILDING AND IMPROVEMENTS | 8,316 | ||||
TOTAL | 11,642 | ||||
ACCUMULATED DEPRECIATION | 2,378 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 9,264 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Webster Square North [Member] | |||||
INITIAL COST LAND | 2,163 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,511 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 132 | |||
LAND | 2,163 | ||||
BUILDING AND IMPROVEMENTS | 6,643 | ||||
TOTAL | 8,806 | ||||
ACCUMULATED DEPRECIATION | 1,528 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,278 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Mineola Crossings [Member] | |||||
INITIAL COST LAND | 4,150 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 7,521 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 377 | |||
LAND | 4,150 | ||||
BUILDING AND IMPROVEMENTS | 7,898 | ||||
TOTAL | 12,048 | ||||
ACCUMULATED DEPRECIATION | 2,841 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 9,207 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | HEB -Dairy Ashford & Memorial [Member] | |||||
INITIAL COST LAND | 1,076 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 5,324 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 1,076 | ||||
BUILDING AND IMPROVEMENTS | 5,324 | ||||
TOTAL | 6,400 | ||||
ACCUMULATED DEPRECIATION | 74 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 6,326 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Laband Village Shopping Center [Member] | |||||
INITIAL COST LAND | 5,600 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 13,289 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (1,026) | |||
LAND | 5,607 | ||||
BUILDING AND IMPROVEMENTS | 12,256 | ||||
TOTAL | 17,863 | ||||
ACCUMULATED DEPRECIATION | 6,726 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 11,137 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Miller West Plaza [Member] | |||||
INITIAL COST LAND | 6,726 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 10,661 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 312 | |||
LAND | 6,726 | ||||
BUILDING AND IMPROVEMENTS | 10,973 | ||||
TOTAL | 17,699 | ||||
ACCUMULATED DEPRECIATION | 2,427 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 15,272 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Linden Plaza [Member] | |||||
INITIAL COST LAND | 4,628 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,535 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 607 | |||
LAND | 4,628 | ||||
BUILDING AND IMPROVEMENTS | 4,142 | ||||
TOTAL | 8,770 | ||||
ACCUMULATED DEPRECIATION | 1,562 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,208 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Timonium Crossing [Member] | |||||
INITIAL COST LAND | 2,525 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 14,863 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 852 | |||
LAND | 2,525 | ||||
BUILDING AND IMPROVEMENTS | 15,715 | ||||
TOTAL | 18,240 | ||||
ACCUMULATED DEPRECIATION | 3,253 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 14,987 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Central Plaza [Member] | |||||
INITIAL COST LAND | 3,170 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 10,603 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,051 | |||
LAND | 5,145 | ||||
BUILDING AND IMPROVEMENTS | 10,679 | ||||
TOTAL | 15,824 | ||||
ACCUMULATED DEPRECIATION | 3,490 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 12,334 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | North Massapequa S.C. [Member] | |||||
INITIAL COST LAND | 1,881 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,389 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (1,887) | |||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 4,383 | ||||
TOTAL | 4,383 | ||||
ACCUMULATED DEPRECIATION | 4,317 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 66 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Heights Plaza [Member] | |||||
INITIAL COST LAND | 5,423 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 10,140 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 5,423 | ||||
BUILDING AND IMPROVEMENTS | 10,140 | ||||
TOTAL | 15,563 | ||||
ACCUMULATED DEPRECIATION | 381 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 15,182 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Lakewood Plaza [Member] | |||||
INITIAL COST LAND | 1,294 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,669 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (3,415) | |||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 1,548 | ||||
TOTAL | 1,548 | ||||
ACCUMULATED DEPRECIATION | 926 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 622 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Mission Bell Shopping Center [Member] | |||||
INITIAL COST LAND | 5,056 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 11,843 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 8,727 | |||
LAND | 5,067 | ||||
BUILDING AND IMPROVEMENTS | 20,559 | ||||
TOTAL | 25,626 | ||||
ACCUMULATED DEPRECIATION | 8,468 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 17,158 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Main St. Plaza [Member] | |||||
INITIAL COST LAND | 556 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,139 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (33) | |||
LAND | 523 | ||||
BUILDING AND IMPROVEMENTS | 2,139 | ||||
TOTAL | 2,662 | ||||
ACCUMULATED DEPRECIATION | 619 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,043 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Timonium Square [Member] | |||||
INITIAL COST LAND | 6,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 24,283 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 14,185 | |||
LAND | 7,311 | ||||
BUILDING AND IMPROVEMENTS | 37,157 | ||||
TOTAL | 44,468 | ||||
ACCUMULATED DEPRECIATION | 19,119 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 25,349 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Clark Shoprite 70 Central Ave [Member] | |||||
INITIAL COST LAND | 3,497 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 11,694 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 995 | |||
LAND | 13,960 | ||||
BUILDING AND IMPROVEMENTS | 2,226 | ||||
TOTAL | 16,186 | ||||
ACCUMULATED DEPRECIATION | 1,330 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 14,856 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Ocean Plaza [Member] | |||||
INITIAL COST LAND | 564 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,269 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 19 | |||
LAND | 564 | ||||
BUILDING AND IMPROVEMENTS | 2,288 | ||||
TOTAL | 2,852 | ||||
ACCUMULATED DEPRECIATION | 1,095 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,757 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | I45/ Telephone Rd. [Member] | |||||
INITIAL COST LAND | 3,944 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 25,878 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 3,944 | ||||
BUILDING AND IMPROVEMENTS | 25,878 | ||||
TOTAL | 29,822 | ||||
ACCUMULATED DEPRECIATION | 817 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 29,005 | ||||
ENCUMBRANCES | [2] | 11,136 | |||
Shopping Center [Member] | Lakewood Village [Member] | |||||
INITIAL COST LAND | 8,597 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 24,375 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (589) | |||
LAND | 11,683 | ||||
BUILDING AND IMPROVEMENTS | 20,700 | ||||
TOTAL | 32,383 | ||||
ACCUMULATED DEPRECIATION | 5,960 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 26,423 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | NASA Plaza [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,754 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 4,682 | |||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 6,436 | ||||
TOTAL | 6,436 | ||||
ACCUMULATED DEPRECIATION | 4,381 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,055 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Memorial Plaza [Member] | |||||
INITIAL COST LAND | 16,411 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 27,554 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,008 | |||
LAND | 16,411 | ||||
BUILDING AND IMPROVEMENTS | 28,562 | ||||
TOTAL | 44,973 | ||||
ACCUMULATED DEPRECIATION | 5,762 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 39,211 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Towson Place [Member] | |||||
INITIAL COST LAND | 43,887 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 101,765 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 5,468 | |||
LAND | 43,271 | ||||
BUILDING AND IMPROVEMENTS | 107,849 | ||||
TOTAL | 151,120 | ||||
ACCUMULATED DEPRECIATION | 28,733 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 122,387 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Commerce Center East [Member] | |||||
INITIAL COST LAND | 1,519 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 5,080 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,753 | |||
LAND | 7,235 | ||||
BUILDING AND IMPROVEMENTS | 1,117 | ||||
TOTAL | 8,352 | ||||
ACCUMULATED DEPRECIATION | 697 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,655 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Ralph Avenue Plaza [Member] | |||||
INITIAL COST LAND | 4,414 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 11,340 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 4,037 | |||
LAND | 4,414 | ||||
BUILDING AND IMPROVEMENTS | 15,377 | ||||
TOTAL | 19,791 | ||||
ACCUMULATED DEPRECIATION | 6,509 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 13,282 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Independence Plaza -Laredo [Member] | |||||
INITIAL COST LAND | 4,836 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 53,564 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 24 | |||
LAND | 4,836 | ||||
BUILDING AND IMPROVEMENTS | 53,588 | ||||
TOTAL | 58,424 | ||||
ACCUMULATED DEPRECIATION | 1,001 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 57,423 | ||||
ENCUMBRANCES | [2] | 11,285 | |||
Shopping Center [Member] | Lincoln Hills Town Center [Member] | |||||
INITIAL COST LAND | 8,229 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 26,127 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 518 | |||
LAND | 8,229 | ||||
BUILDING AND IMPROVEMENTS | 26,645 | ||||
TOTAL | 34,874 | ||||
ACCUMULATED DEPRECIATION | 6,696 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 28,178 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Oak Tree Plaza [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 917 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,533 | |||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 3,450 | ||||
TOTAL | 3,450 | ||||
ACCUMULATED DEPRECIATION | 2,727 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 723 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Mill St. Plaza [Member] | |||||
INITIAL COST LAND | 4,195 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,203 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 471 | |||
LAND | 4,195 | ||||
BUILDING AND IMPROVEMENTS | 6,674 | ||||
TOTAL | 10,869 | ||||
ACCUMULATED DEPRECIATION | 1,544 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 9,325 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Villages at Urbana [Member] | |||||
INITIAL COST LAND | 3,190 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 20,188 | |||
LAND | 4,829 | ||||
BUILDING AND IMPROVEMENTS | 18,555 | ||||
TOTAL | 23,384 | ||||
ACCUMULATED DEPRECIATION | 3,565 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 19,819 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Commerce Center West [Member] | |||||
INITIAL COST LAND | 386 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,290 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 161 | |||
LAND | 794 | ||||
BUILDING AND IMPROVEMENTS | 1,043 | ||||
TOTAL | 1,837 | ||||
ACCUMULATED DEPRECIATION | 309 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,528 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Richmond S.C. [Member] | |||||
INITIAL COST LAND | 2,280 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 9,028 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 21,538 | |||
LAND | 2,280 | ||||
BUILDING AND IMPROVEMENTS | 30,566 | ||||
TOTAL | 32,846 | ||||
ACCUMULATED DEPRECIATION | 16,976 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 15,870 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Independence Plaza II -Laredo [Member] | |||||
INITIAL COST LAND | 2,482 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 21,418 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 2,482 | ||||
BUILDING AND IMPROVEMENTS | 21,418 | ||||
TOTAL | 23,900 | ||||
ACCUMULATED DEPRECIATION | 672 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 23,228 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Linda Mar Shipping Center [Member] | |||||
INITIAL COST LAND | 16,549 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 37,521 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 5,185 | |||
LAND | 16,549 | ||||
BUILDING AND IMPROVEMENTS | 42,706 | ||||
TOTAL | 59,255 | ||||
ACCUMULATED DEPRECIATION | 11,151 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 48,104 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Oakwood Business Ctr BDLG 1 [Member] | |||||
INITIAL COST LAND | 6,793 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 18,663 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 3,578 | |||
LAND | 6,793 | ||||
BUILDING AND IMPROVEMENTS | 22,241 | ||||
TOTAL | 29,034 | ||||
ACCUMULATED DEPRECIATION | 8,378 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 20,656 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Morrissey Plaza [Member] | |||||
INITIAL COST LAND | 4,097 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,751 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,587 | |||
LAND | 4,097 | ||||
BUILDING AND IMPROVEMENTS | 5,338 | ||||
TOTAL | 9,435 | ||||
ACCUMULATED DEPRECIATION | 442 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 8,993 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Wilde Lake [Member] | |||||
INITIAL COST LAND | 1,468 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 5,870 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 26,645 | |||
LAND | 2,577 | ||||
BUILDING AND IMPROVEMENTS | 31,406 | ||||
TOTAL | 33,983 | ||||
ACCUMULATED DEPRECIATION | 12,054 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 21,929 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Commons at Holmdel [Member] | |||||
INITIAL COST LAND | 16,538 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 38,760 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 8,641 | |||
LAND | 16,538 | ||||
BUILDING AND IMPROVEMENTS | 47,401 | ||||
TOTAL | 63,939 | ||||
ACCUMULATED DEPRECIATION | 20,078 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 43,861 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Romaine Plaza [Member] | |||||
INITIAL COST LAND | 782 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,826 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 594 | |||
LAND | 782 | ||||
BUILDING AND IMPROVEMENTS | 2,420 | ||||
TOTAL | 3,202 | ||||
ACCUMULATED DEPRECIATION | 1,039 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,163 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Kroger Plaza [Member] | |||||
INITIAL COST LAND | 520 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,081 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,572 | |||
LAND | 520 | ||||
BUILDING AND IMPROVEMENTS | 3,653 | ||||
TOTAL | 4,173 | ||||
ACCUMULATED DEPRECIATION | 2,211 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,962 | ||||
Shopping Center [Member] | Madison Plaza [Member] | |||||
INITIAL COST LAND | 5,874 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 23,476 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 4,861 | |||
LAND | 5,874 | ||||
BUILDING AND IMPROVEMENTS | 28,337 | ||||
TOTAL | 34,211 | ||||
ACCUMULATED DEPRECIATION | 14,694 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 19,517 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Oakwood Plaza North [Member] | |||||
INITIAL COST LAND | 35,301 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 141,731 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (716) | |||
LAND | 35,301 | ||||
BUILDING AND IMPROVEMENTS | 141,015 | ||||
TOTAL | 176,316 | ||||
ACCUMULATED DEPRECIATION | 23,678 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 152,638 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | North Ave. Plaza [Member] | |||||
INITIAL COST LAND | 1,164 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,195 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 32 | |||
LAND | 1,164 | ||||
BUILDING AND IMPROVEMENTS | 1,227 | ||||
TOTAL | 2,391 | ||||
ACCUMULATED DEPRECIATION | 431 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,960 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Wilkens Beltway Plaza [Member] | |||||
INITIAL COST LAND | 9,948 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 22,126 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,094 | |||
LAND | 9,948 | ||||
BUILDING AND IMPROVEMENTS | 24,220 | ||||
TOTAL | 34,168 | ||||
ACCUMULATED DEPRECIATION | 5,023 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 29,145 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | East Windsor Village [Member] | |||||
INITIAL COST LAND | 9,335 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 23,778 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 694 | |||
LAND | 9,335 | ||||
BUILDING AND IMPROVEMENTS | 24,472 | ||||
TOTAL | 33,807 | ||||
ACCUMULATED DEPRECIATION | 8,927 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 24,880 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Shoprite S.C. [Member] | |||||
INITIAL COST LAND | 872 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,488 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 872 | ||||
BUILDING AND IMPROVEMENTS | 3,488 | ||||
TOTAL | 4,360 | ||||
ACCUMULATED DEPRECIATION | 2,600 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,760 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Lake Prairie Town Crossing [Member] | |||||
INITIAL COST LAND | 7,897 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 29,609 | |||
LAND | 6,783 | ||||
BUILDING AND IMPROVEMENTS | 30,723 | ||||
TOTAL | 37,506 | ||||
ACCUMULATED DEPRECIATION | 8,568 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 28,938 | ||||
Shopping Center [Member] | North County Plaza [Member] | |||||
INITIAL COST LAND | 10,205 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 28,934 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 14 | |||
LAND | 20,895 | ||||
BUILDING AND IMPROVEMENTS | 18,258 | ||||
TOTAL | 39,153 | ||||
ACCUMULATED DEPRECIATION | 4,908 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 34,245 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Oakwood Plaza South [Member] | |||||
INITIAL COST LAND | 11,127 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 40,592 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (155) | |||
LAND | 11,127 | ||||
BUILDING AND IMPROVEMENTS | 40,437 | ||||
TOTAL | 51,564 | ||||
ACCUMULATED DEPRECIATION | 7,552 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 44,012 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | North Quincy Plaza [Member] | |||||
INITIAL COST LAND | 6,333 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 17,954 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (275) | |||
LAND | 3,894 | ||||
BUILDING AND IMPROVEMENTS | 20,118 | ||||
TOTAL | 24,012 | ||||
ACCUMULATED DEPRECIATION | 4,057 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 19,955 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | York Road Plaza [Member] | |||||
INITIAL COST LAND | 4,277 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 37,206 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 416 | |||
LAND | 4,277 | ||||
BUILDING AND IMPROVEMENTS | 37,622 | ||||
TOTAL | 41,899 | ||||
ACCUMULATED DEPRECIATION | 7,339 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 34,560 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Garden State Pavilions [Member] | |||||
INITIAL COST LAND | 7,531 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 10,802 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 21,623 | |||
LAND | 12,204 | ||||
BUILDING AND IMPROVEMENTS | 27,752 | ||||
TOTAL | 39,956 | ||||
ACCUMULATED DEPRECIATION | 10,594 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 29,362 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Smithtown Plaza [Member] | |||||
INITIAL COST LAND | 3,528 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 7,364 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 561 | |||
LAND | 3,437 | ||||
BUILDING AND IMPROVEMENTS | 8,016 | ||||
TOTAL | 11,453 | ||||
ACCUMULATED DEPRECIATION | 3,697 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,756 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Las Tiendas Plaza [Member] | |||||
INITIAL COST LAND | 8,678 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 27,792 | |||
LAND | 7,944 | ||||
BUILDING AND IMPROVEMENTS | 28,526 | ||||
TOTAL | 36,470 | ||||
ACCUMULATED DEPRECIATION | 8,835 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 27,635 | ||||
Shopping Center [Member] | Novato Fair S.C. [Member] | |||||
INITIAL COST LAND | 9,260 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 15,600 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,965 | |||
LAND | 9,260 | ||||
BUILDING AND IMPROVEMENTS | 17,565 | ||||
TOTAL | 26,825 | ||||
ACCUMULATED DEPRECIATION | 7,553 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 19,272 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Palms at Town & Country [Member] | |||||
INITIAL COST LAND | 30,137 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 94,674 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2 | |||
LAND | 30,137 | ||||
BUILDING AND IMPROVEMENTS | 94,676 | ||||
TOTAL | 124,813 | ||||
ACCUMULATED DEPRECIATION | 2,195 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 122,618 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Paradise Plaza [Member] | |||||
INITIAL COST LAND | 4,183 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 12,195 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,815 | |||
LAND | 4,183 | ||||
BUILDING AND IMPROVEMENTS | 14,010 | ||||
TOTAL | 18,193 | ||||
ACCUMULATED DEPRECIATION | 3,732 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 14,461 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Hillview Shopping Center [Member] | |||||
INITIAL COST LAND | 16,008 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 32,607 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,870 | |||
LAND | 16,008 | ||||
BUILDING AND IMPROVEMENTS | 34,477 | ||||
TOTAL | 50,485 | ||||
ACCUMULATED DEPRECIATION | 6,941 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 43,544 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Syosset S.C. [Member] | |||||
INITIAL COST LAND | 107 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 76 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,267 | |||
LAND | 107 | ||||
BUILDING AND IMPROVEMENTS | 2,343 | ||||
TOTAL | 2,450 | ||||
ACCUMULATED DEPRECIATION | 1,356 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,094 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Montgomery Plaza [Member] | |||||
INITIAL COST LAND | 10,739 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 63,065 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 217 | |||
LAND | 10,739 | ||||
BUILDING AND IMPROVEMENTS | 63,282 | ||||
TOTAL | 74,021 | ||||
ACCUMULATED DEPRECIATION | 14,928 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 59,093 | ||||
ENCUMBRANCES | [2] | 24,977 | |||
Shopping Center [Member] | On the Corner at Stevens Creek [Member] | |||||
INITIAL COST LAND | 1,825 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,641 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 1,825 | ||||
BUILDING AND IMPROVEMENTS | 4,641 | ||||
TOTAL | 6,466 | ||||
ACCUMULATED DEPRECIATION | 146 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 6,320 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Palms at Town & Country Lifestyle [Member] | |||||
INITIAL COST LAND | 26,597 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 92,088 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 46 | |||
LAND | 26,597 | ||||
BUILDING AND IMPROVEMENTS | 92,134 | ||||
TOTAL | 118,731 | ||||
ACCUMULATED DEPRECIATION | 2,231 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 116,500 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Vinnin Square In-line [Member] | |||||
INITIAL COST LAND | 582 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,095 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (78) | |||
LAND | 582 | ||||
BUILDING AND IMPROVEMENTS | 2,017 | ||||
TOTAL | 2,599 | ||||
ACCUMULATED DEPRECIATION | 377 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,222 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Holmdel Towne Center [Member] | |||||
INITIAL COST LAND | 10,825 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 43,301 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 11,442 | |||
LAND | 10,825 | ||||
BUILDING AND IMPROVEMENTS | 54,743 | ||||
TOTAL | 65,568 | ||||
ACCUMULATED DEPRECIATION | 27,535 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 38,033 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | The Boulevard [Member] | |||||
INITIAL COST LAND | 28,724 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 38,232 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 233,215 | |||
LAND | 28,724 | ||||
BUILDING AND IMPROVEMENTS | 271,447 | ||||
TOTAL | 300,171 | ||||
ACCUMULATED DEPRECIATION | 20,132 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 280,039 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Meuller Outparcel [Member] | |||||
INITIAL COST LAND | 150 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,351 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 30 | |||
LAND | 150 | ||||
BUILDING AND IMPROVEMENTS | 3,381 | ||||
TOTAL | 3,531 | ||||
ACCUMULATED DEPRECIATION | 57 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 3,474 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Plaza Di Northridge [Member] | |||||
INITIAL COST LAND | 12,900 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 40,575 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,007 | |||
LAND | 12,900 | ||||
BUILDING AND IMPROVEMENTS | 41,582 | ||||
TOTAL | 54,482 | ||||
ACCUMULATED DEPRECIATION | 16,930 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 37,552 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Parkhill Plaza [Member] | |||||
INITIAL COST LAND | 10,764 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 19,264 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,214 | |||
LAND | 10,764 | ||||
BUILDING AND IMPROVEMENTS | 20,478 | ||||
TOTAL | 31,242 | ||||
ACCUMULATED DEPRECIATION | 5,703 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 25,539 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Vinnin Square Plaza [Member] | |||||
INITIAL COST LAND | 5,545 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 16,324 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 356 | |||
LAND | 5,545 | ||||
BUILDING AND IMPROVEMENTS | 16,680 | ||||
TOTAL | 22,225 | ||||
ACCUMULATED DEPRECIATION | 4,743 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 17,482 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Maple Shade [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 9,958 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,301 | |||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 12,259 | ||||
TOTAL | 12,259 | ||||
ACCUMULATED DEPRECIATION | 3,893 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 8,366 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Turnpike Plaza [Member] | |||||
INITIAL COST LAND | 2,472 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 5,839 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,046 | |||
LAND | 2,472 | ||||
BUILDING AND IMPROVEMENTS | 6,885 | ||||
TOTAL | 9,357 | ||||
ACCUMULATED DEPRECIATION | 2,363 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 6,994 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Meuller Regional Retail Center [Member] | |||||
INITIAL COST LAND | 7,352 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 85,805 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 138 | |||
LAND | 7,352 | ||||
BUILDING AND IMPROVEMENTS | 85,943 | ||||
TOTAL | 93,295 | ||||
ACCUMULATED DEPRECIATION | 2,315 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 90,980 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Poway City Centre [Member] | |||||
INITIAL COST LAND | 5,855 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 13,792 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 9,165 | |||
LAND | 7,248 | ||||
BUILDING AND IMPROVEMENTS | 21,564 | ||||
TOTAL | 28,812 | ||||
ACCUMULATED DEPRECIATION | 10,680 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 18,132 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Phillips Crossing [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 53,536 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 51 | |||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 53,587 | ||||
TOTAL | 53,587 | ||||
ACCUMULATED DEPRECIATION | 1,114 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 52,473 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Washington St. Plaza [Member] | |||||
INITIAL COST LAND | 11,008 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 5,652 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 9,872 | |||
LAND | 12,958 | ||||
BUILDING AND IMPROVEMENTS | 13,574 | ||||
TOTAL | 26,532 | ||||
ACCUMULATED DEPRECIATION | 3,898 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 22,634 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Marlton Plaza [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,319 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 153 | |||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 4,472 | ||||
TOTAL | 4,472 | ||||
ACCUMULATED DEPRECIATION | 2,841 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,631 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Veterans Memorial Plaza [Member] | |||||
INITIAL COST LAND | 5,968 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 23,243 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 20,820 | |||
LAND | 5,980 | ||||
BUILDING AND IMPROVEMENTS | 44,051 | ||||
TOTAL | 50,031 | ||||
ACCUMULATED DEPRECIATION | 18,877 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 31,154 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | North Creek Plaza [Member] | |||||
INITIAL COST LAND | 5,044 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 34,756 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (17) | |||
LAND | 5,044 | ||||
BUILDING AND IMPROVEMENTS | 34,739 | ||||
TOTAL | 39,783 | ||||
ACCUMULATED DEPRECIATION | 1,096 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 38,687 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Rancho Penasquitos Towne Ctr I [Member] | |||||
INITIAL COST LAND | 14,852 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 20,342 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 758 | |||
LAND | 14,852 | ||||
BUILDING AND IMPROVEMENTS | 21,100 | ||||
TOTAL | 35,952 | ||||
ACCUMULATED DEPRECIATION | 4,609 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 31,343 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Plantation Crossing [Member] | |||||
INITIAL COST LAND | 2,782 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 8,077 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,633 | |||
LAND | 2,782 | ||||
BUILDING AND IMPROVEMENTS | 10,710 | ||||
TOTAL | 13,492 | ||||
ACCUMULATED DEPRECIATION | 1,750 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 11,742 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Washington St. S.C. [Member] | |||||
INITIAL COST LAND | 7,381 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 9,987 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,096 | |||
LAND | 7,381 | ||||
BUILDING AND IMPROVEMENTS | 12,083 | ||||
TOTAL | 19,464 | ||||
ACCUMULATED DEPRECIATION | 2,747 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 16,717 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | North Brunswick Plaza [Member] | |||||
INITIAL COST LAND | 3,205 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 12,820 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 29,278 | |||
LAND | 3,205 | ||||
BUILDING AND IMPROVEMENTS | 42,098 | ||||
TOTAL | 45,303 | ||||
ACCUMULATED DEPRECIATION | 23,881 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 21,422 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | White Plains S.C. [Member] | |||||
INITIAL COST LAND | 1,778 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,454 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,894 | |||
LAND | 1,778 | ||||
BUILDING AND IMPROVEMENTS | 7,348 | ||||
TOTAL | 9,126 | ||||
ACCUMULATED DEPRECIATION | 2,892 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 6,234 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Oak Forest [Member] | |||||
INITIAL COST LAND | 13,395 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 25,275 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 18 | |||
LAND | 13,395 | ||||
BUILDING AND IMPROVEMENTS | 25,293 | ||||
TOTAL | 38,688 | ||||
ACCUMULATED DEPRECIATION | 489 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 38,199 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Rancho Penasquitos Towne Ctr II [Member] | |||||
INITIAL COST LAND | 12,945 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 20,324 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 795 | |||
LAND | 12,945 | ||||
BUILDING AND IMPROVEMENTS | 21,119 | ||||
TOTAL | 34,064 | ||||
ACCUMULATED DEPRECIATION | 4,456 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 29,608 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Pompano Pointe S.C. [Member] | |||||
INITIAL COST LAND | 10,517 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 14,356 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 628 | |||
LAND | 10,517 | ||||
BUILDING AND IMPROVEMENTS | 14,984 | ||||
TOTAL | 25,501 | ||||
ACCUMULATED DEPRECIATION | 2,410 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 23,091 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Waverly Plaza [Member] | |||||
INITIAL COST LAND | 1,215 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,623 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 321 | |||
LAND | 1,203 | ||||
BUILDING AND IMPROVEMENTS | 3,956 | ||||
TOTAL | 5,159 | ||||
ACCUMULATED DEPRECIATION | 1,021 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 4,138 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Piscataway Town Center [Member] | |||||
INITIAL COST LAND | 3,852 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 15,411 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,636 | |||
LAND | 3,852 | ||||
BUILDING AND IMPROVEMENTS | 17,047 | ||||
TOTAL | 20,899 | ||||
ACCUMULATED DEPRECIATION | 10,236 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 10,663 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Plantation Centre [Member] | |||||
INITIAL COST LAND | 2,325 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 34,494 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 60 | |||
LAND | 2,325 | ||||
BUILDING AND IMPROVEMENTS | 34,554 | ||||
TOTAL | 36,879 | ||||
ACCUMULATED DEPRECIATION | 868 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 36,011 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Rancho Penasquitos-Vons Prop. [Member] | |||||
INITIAL COST LAND | 2,918 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 9,146 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 2,918 | ||||
BUILDING AND IMPROVEMENTS | 9,146 | ||||
TOTAL | 12,064 | ||||
ACCUMULATED DEPRECIATION | 745 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 11,319 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Renaissance Center [Member] | |||||
INITIAL COST LAND | 9,104 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 36,541 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 14,476 | |||
LAND | 9,123 | ||||
BUILDING AND IMPROVEMENTS | 50,998 | ||||
TOTAL | 60,121 | ||||
ACCUMULATED DEPRECIATION | 24,146 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 35,975 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Plaza at Hillsdale [Member] | |||||
INITIAL COST LAND | 7,602 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,994 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,655 | |||
LAND | 7,602 | ||||
BUILDING AND IMPROVEMENTS | 8,649 | ||||
TOTAL | 16,251 | ||||
ACCUMULATED DEPRECIATION | 2,371 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 13,880 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Preston Lebanon Crossing [Member] | |||||
INITIAL COST LAND | 13,552 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 28,098 | |||
LAND | 12,164 | ||||
BUILDING AND IMPROVEMENTS | 29,486 | ||||
TOTAL | 41,650 | ||||
ACCUMULATED DEPRECIATION | 10,198 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 31,452 | ||||
Shopping Center [Member] | Rancho San Marcos Village [Member] | |||||
INITIAL COST LAND | 9,050 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 29,357 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 131 | |||
LAND | 9,050 | ||||
BUILDING AND IMPROVEMENTS | 29,488 | ||||
TOTAL | 38,538 | ||||
ACCUMULATED DEPRECIATION | 616 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 37,922 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Riverplace Shopping Ctr. [Member] | |||||
INITIAL COST LAND | 7,503 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 31,011 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,167 | |||
LAND | 7,200 | ||||
BUILDING AND IMPROVEMENTS | 33,481 | ||||
TOTAL | 40,681 | ||||
ACCUMULATED DEPRECIATION | 12,073 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 28,608 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Plaza at Short Hills [Member] | |||||
INITIAL COST LAND | 20,155 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 11,062 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 526 | |||
LAND | 20,155 | ||||
BUILDING AND IMPROVEMENTS | 11,588 | ||||
TOTAL | 31,743 | ||||
ACCUMULATED DEPRECIATION | 3,109 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 28,634 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Randalls Center/ Kings Crossing [Member] | |||||
INITIAL COST LAND | 3,717 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 21,363 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 3,717 | ||||
BUILDING AND IMPROVEMENTS | 21,363 | ||||
TOTAL | 25,080 | ||||
ACCUMULATED DEPRECIATION | 512 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 24,568 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Redwood City Plaza [Member] | |||||
INITIAL COST LAND | 2,552 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,215 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 5,961 | |||
LAND | 2,552 | ||||
BUILDING AND IMPROVEMENTS | 12,176 | ||||
TOTAL | 14,728 | ||||
ACCUMULATED DEPRECIATION | 2,984 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 11,744 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Riverside Landings S.C. [Member] | |||||
INITIAL COST LAND | 3,512 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 14,440 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 454 | |||
LAND | 3,512 | ||||
BUILDING AND IMPROVEMENTS | 14,894 | ||||
TOTAL | 18,406 | ||||
ACCUMULATED DEPRECIATION | 3,108 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 15,298 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Ridgewood S.C. [Member] | |||||
INITIAL COST LAND | 450 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,107 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,303 | |||
LAND | 450 | ||||
BUILDING AND IMPROVEMENTS | 3,410 | ||||
TOTAL | 3,860 | ||||
ACCUMULATED DEPRECIATION | 2,139 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,721 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Richmond Square [Member] | |||||
INITIAL COST LAND | 7,568 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 15,432 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (253) | |||
LAND | 7,568 | ||||
BUILDING AND IMPROVEMENTS | 15,179 | ||||
TOTAL | 22,747 | ||||
ACCUMULATED DEPRECIATION | 209 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 22,538 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | San Diego Carmel Mountain [Member] | |||||
INITIAL COST LAND | 5,323 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 8,874 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (1,956) | |||
LAND | 5,323 | ||||
BUILDING AND IMPROVEMENTS | 6,918 | ||||
TOTAL | 12,241 | ||||
ACCUMULATED DEPRECIATION | 2,447 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 9,794 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Sea Ranch Centre [Member] | |||||
INITIAL COST LAND | 3,298 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 21,259 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 48 | |||
LAND | 3,298 | ||||
BUILDING AND IMPROVEMENTS | 21,307 | ||||
TOTAL | 24,605 | ||||
ACCUMULATED DEPRECIATION | 512 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 24,093 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Shop Rite Plaza [Member] | |||||
INITIAL COST LAND | 2,418 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,364 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,690 | |||
LAND | 2,418 | ||||
BUILDING AND IMPROVEMENTS | 9,054 | ||||
TOTAL | 11,472 | ||||
ACCUMULATED DEPRECIATION | 7,539 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 3,933 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | River Oaks S.C. East [Member] | |||||
INITIAL COST LAND | 5,766 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 13,882 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 3 | |||
LAND | 5,766 | ||||
BUILDING AND IMPROVEMENTS | 13,885 | ||||
TOTAL | 19,651 | ||||
ACCUMULATED DEPRECIATION | 339 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 19,312 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | San Marcos Plaza [Member] | |||||
INITIAL COST LAND | 1,883 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 12,044 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 812 | |||
LAND | 1,883 | ||||
BUILDING AND IMPROVEMENTS | 12,856 | ||||
TOTAL | 14,739 | ||||
ACCUMULATED DEPRECIATION | 307 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 14,432 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Shoppes at Deerfield [Member] | |||||
INITIAL COST LAND | 19,069 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 69,485 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 20 | |||
LAND | 19,069 | ||||
BUILDING AND IMPROVEMENTS | 69,505 | ||||
TOTAL | 88,574 | ||||
ACCUMULATED DEPRECIATION | 1,843 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 86,731 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Union Crescent III [Member] | |||||
INITIAL COST LAND | 7,895 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,011 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 28,966 | |||
LAND | 8,697 | ||||
BUILDING AND IMPROVEMENTS | 31,175 | ||||
TOTAL | 39,872 | ||||
ACCUMULATED DEPRECIATION | 20,691 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 19,181 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | River Oaks S.C. West [Member] | |||||
INITIAL COST LAND | 14,185 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 138,022 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 705 | |||
LAND | 14,185 | ||||
BUILDING AND IMPROVEMENTS | 138,727 | ||||
TOTAL | 152,912 | ||||
ACCUMULATED DEPRECIATION | 2,693 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 150,219 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Santee Trolley Square [Member] | |||||
INITIAL COST LAND | 40,209 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 62,964 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (311) | |||
LAND | 40,209 | ||||
BUILDING AND IMPROVEMENTS | 62,653 | ||||
TOTAL | 102,862 | ||||
ACCUMULATED DEPRECIATION | 20,184 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 82,678 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Shoppes at Deerfield II [Member] | |||||
INITIAL COST LAND | 788 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,388 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 788 | ||||
BUILDING AND IMPROVEMENTS | 6,388 | ||||
TOTAL | 7,176 | ||||
ACCUMULATED DEPRECIATION | 123 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,053 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Westmont Plaza [Member] | |||||
INITIAL COST LAND | 602 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,405 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 13,926 | |||
LAND | 602 | ||||
BUILDING AND IMPROVEMENTS | 16,331 | ||||
TOTAL | 16,933 | ||||
ACCUMULATED DEPRECIATION | 8,784 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 8,149 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Rock Prairie Marketplace [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 8,004 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 42 | |||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 8,046 | ||||
TOTAL | 8,046 | ||||
ACCUMULATED DEPRECIATION | 136 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,910 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Silver Creek Plaza [Member] | |||||
INITIAL COST LAND | 33,541 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 53,176 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (24) | |||
LAND | 33,541 | ||||
BUILDING AND IMPROVEMENTS | 53,152 | ||||
TOTAL | 86,693 | ||||
ACCUMULATED DEPRECIATION | 1,185 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 85,508 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Shops at Santa Barbara Phase 1 [Member] | |||||
INITIAL COST LAND | 743 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 5,374 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 243 | |||
LAND | 743 | ||||
BUILDING AND IMPROVEMENTS | 5,617 | ||||
TOTAL | 6,360 | ||||
ACCUMULATED DEPRECIATION | 1,215 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,145 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Willowbrook Plaza [Member] | |||||
INITIAL COST LAND | 15,320 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 40,997 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 10,704 | |||
LAND | 15,320 | ||||
BUILDING AND IMPROVEMENTS | 51,701 | ||||
TOTAL | 67,021 | ||||
ACCUMULATED DEPRECIATION | 10,970 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 56,051 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Shoppes at Memorial Villages [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 41,493 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 105 | |||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 41,598 | ||||
TOTAL | 41,598 | ||||
ACCUMULATED DEPRECIATION | 858 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 40,740 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | South Napa Market Place [Member] | |||||
INITIAL COST LAND | 1,100 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 22,159 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 21,406 | |||
LAND | 23,119 | ||||
BUILDING AND IMPROVEMENTS | 21,546 | ||||
TOTAL | 44,665 | ||||
ACCUMULATED DEPRECIATION | 13,513 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 31,152 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Shops at Santa Barbara Phase 2 [Member] | |||||
INITIAL COST LAND | 332 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,489 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 46 | |||
LAND | 332 | ||||
BUILDING AND IMPROVEMENTS | 2,535 | ||||
TOTAL | 2,867 | ||||
ACCUMULATED DEPRECIATION | 585 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,282 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | North Towne Plaza -Albuquerque [Member] | |||||
INITIAL COST LAND | 3,598 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 33,327 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 64 | |||
LAND | 3,598 | ||||
BUILDING AND IMPROVEMENTS | 33,391 | ||||
TOTAL | 36,989 | ||||
ACCUMULATED DEPRECIATION | 972 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 36,017 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Shops at Hilshire Village [Member] | |||||
INITIAL COST LAND | 11,206 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 19,092 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 12 | |||
LAND | 11,206 | ||||
BUILDING AND IMPROVEMENTS | 19,104 | ||||
TOTAL | 30,310 | ||||
ACCUMULATED DEPRECIATION | 496 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 29,814 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Southampton Center [Member] | |||||
INITIAL COST LAND | 10,289 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 64,096 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 108 | |||
LAND | 10,289 | ||||
BUILDING AND IMPROVEMENTS | 64,204 | ||||
TOTAL | 74,493 | ||||
ACCUMULATED DEPRECIATION | 1,389 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 73,104 | ||||
ENCUMBRANCES | [2] | 20,852 | |||
Shopping Center [Member] | Shops at Santa Barbara Phase 3 [Member] | |||||
INITIAL COST LAND | 330 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,359 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 49 | |||
LAND | 330 | ||||
BUILDING AND IMPROVEMENTS | 2,408 | ||||
TOTAL | 2,738 | ||||
ACCUMULATED DEPRECIATION | 510 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,228 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Charleston Commons [Member] | |||||
INITIAL COST LAND | 29,704 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 24,267 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 85 | |||
LAND | 29,704 | ||||
BUILDING AND IMPROVEMENTS | 24,352 | ||||
TOTAL | 54,056 | ||||
ACCUMULATED DEPRECIATION | 1,318 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 52,738 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Shops at Kirby Drive [Member] | |||||
INITIAL COST LAND | 969 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 5,031 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 969 | ||||
BUILDING AND IMPROVEMENTS | 5,031 | ||||
TOTAL | 6,000 | ||||
ACCUMULATED DEPRECIATION | 96 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,904 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Stanford Ranch [Member] | |||||
INITIAL COST LAND | 10,584 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 30,007 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,882 | |||
LAND | 9,983 | ||||
BUILDING AND IMPROVEMENTS | 33,490 | ||||
TOTAL | 43,473 | ||||
ACCUMULATED DEPRECIATION | 6,964 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 36,509 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Sodo S.C. [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 68,139 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 5,733 | |||
LAND | 142 | ||||
BUILDING AND IMPROVEMENTS | 73,730 | ||||
TOTAL | 73,872 | ||||
ACCUMULATED DEPRECIATION | 24,057 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 49,815 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | College Park S.C. -N Las Vegas [Member] | |||||
INITIAL COST LAND | 2,100 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 18,413 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 2,100 | ||||
BUILDING AND IMPROVEMENTS | 18,413 | ||||
TOTAL | 20,513 | ||||
ACCUMULATED DEPRECIATION | 621 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 19,892 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Shops at Three Corners [Member] | |||||
INITIAL COST LAND | 7,094 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 59,795 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (326) | |||
LAND | 7,094 | ||||
BUILDING AND IMPROVEMENTS | 59,469 | ||||
TOTAL | 66,563 | ||||
ACCUMULATED DEPRECIATION | 1,230 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 65,333 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Stevens Creek Central S.C. [Member] | |||||
INITIAL COST LAND | 41,818 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 45,886 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 26 | |||
LAND | 41,818 | ||||
BUILDING AND IMPROVEMENTS | 45,912 | ||||
TOTAL | 87,730 | ||||
ACCUMULATED DEPRECIATION | 1,188 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 86,542 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | South Miami S.C. [Member] | |||||
INITIAL COST LAND | 1,280 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 5,134 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 4,664 | |||
LAND | 1,280 | ||||
BUILDING AND IMPROVEMENTS | 9,798 | ||||
TOTAL | 11,078 | ||||
ACCUMULATED DEPRECIATION | 5,550 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,528 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | D'Andrea Marketplace [Member] | |||||
INITIAL COST LAND | 11,556 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 29,435 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 599 | |||
LAND | 11,556 | ||||
BUILDING AND IMPROVEMENTS | 30,034 | ||||
TOTAL | 41,590 | ||||
ACCUMULATED DEPRECIATION | 11,333 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 30,257 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Southgate S.C. [Member] | |||||
INITIAL COST LAND | 5,315 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 20,025 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 26 | |||
LAND | 5,315 | ||||
BUILDING AND IMPROVEMENTS | 20,051 | ||||
TOTAL | 25,366 | ||||
ACCUMULATED DEPRECIATION | 391 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 24,975 | ||||
ENCUMBRANCES | [2] | 6,173 | |||
Shopping Center [Member] | Stony Point Plaza [Member] | |||||
INITIAL COST LAND | 10,361 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 38,054 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (31) | |||
LAND | 10,361 | ||||
BUILDING AND IMPROVEMENTS | 38,023 | ||||
TOTAL | 48,384 | ||||
ACCUMULATED DEPRECIATION | 945 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 47,439 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Sunset 19 S.C. [Member] | |||||
INITIAL COST LAND | 12,460 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 55,354 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 12,460 | ||||
BUILDING AND IMPROVEMENTS | 55,354 | ||||
TOTAL | 67,814 | ||||
ACCUMULATED DEPRECIATION | 1,438 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 66,376 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Del Monte Plaza [Member] | |||||
INITIAL COST LAND | 2,489 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 5,590 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 248 | |||
LAND | 2,210 | ||||
BUILDING AND IMPROVEMENTS | 6,117 | ||||
TOTAL | 8,327 | ||||
ACCUMULATED DEPRECIATION | 3,503 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 4,824 | ||||
ENCUMBRANCES | [2] | 931 | |||
Shopping Center [Member] | Stevens Ranch [Member] | |||||
INITIAL COST LAND | 18,143 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,407 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 5 | |||
LAND | 18,143 | ||||
BUILDING AND IMPROVEMENTS | 6,412 | ||||
TOTAL | 24,555 | ||||
ACCUMULATED DEPRECIATION | 143 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 24,412 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Truckee Crossroads [Member] | |||||
INITIAL COST LAND | 2,140 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 28,325 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (18,544) | |||
LAND | 2,140 | ||||
BUILDING AND IMPROVEMENTS | 9,781 | ||||
TOTAL | 11,921 | ||||
ACCUMULATED DEPRECIATION | 6,231 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,690 | ||||
ENCUMBRANCES | [2] | 839 | |||
Shopping Center [Member] | TJ Maxx Plaza [Member] | |||||
INITIAL COST LAND | 10,341 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 38,660 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 72 | |||
LAND | 10,341 | ||||
BUILDING AND IMPROVEMENTS | 38,732 | ||||
TOTAL | 49,073 | ||||
ACCUMULATED DEPRECIATION | 918 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 48,155 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Del Monte Plaza Anchor Parcel [Member] | |||||
INITIAL COST LAND | 6,513 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 17,600 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 156 | |||
LAND | 6,520 | ||||
BUILDING AND IMPROVEMENTS | 17,749 | ||||
TOTAL | 24,269 | ||||
ACCUMULATED DEPRECIATION | 2,733 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 21,536 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | The Centre at Copperfield [Member] | |||||
INITIAL COST LAND | 6,723 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 22,525 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 569 | |||
LAND | 6,723 | ||||
BUILDING AND IMPROVEMENTS | 23,094 | ||||
TOTAL | 29,817 | ||||
ACCUMULATED DEPRECIATION | 5,683 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 24,134 | ||||
Shopping Center [Member] | Westlake Shopping Center [Member] | |||||
INITIAL COST LAND | 16,174 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 64,819 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 108,258 | |||
LAND | 16,174 | ||||
BUILDING AND IMPROVEMENTS | 173,077 | ||||
TOTAL | 189,251 | ||||
ACCUMULATED DEPRECIATION | 68,985 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 120,266 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Tri-City Plaza [Member] | |||||
INITIAL COST LAND | 2,832 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 11,329 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 23,671 | |||
LAND | 2,832 | ||||
BUILDING AND IMPROVEMENTS | 35,000 | ||||
TOTAL | 37,832 | ||||
ACCUMULATED DEPRECIATION | 7,793 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 30,039 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Francisco Center [Member] | |||||
INITIAL COST LAND | 1,800 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 10,085 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 37 | |||
LAND | 1,800 | ||||
BUILDING AND IMPROVEMENTS | 10,122 | ||||
TOTAL | 11,922 | ||||
ACCUMULATED DEPRECIATION | 370 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 11,552 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | The Centre at Post Oak [Member] | |||||
INITIAL COST LAND | 12,642 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 100,658 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 9 | |||
LAND | 12,642 | ||||
BUILDING AND IMPROVEMENTS | 100,667 | ||||
TOTAL | 113,309 | ||||
ACCUMULATED DEPRECIATION | 2,276 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 111,033 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Westminster Center [Member] | |||||
INITIAL COST LAND | 60,428 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 64,973 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 69 | |||
LAND | 60,428 | ||||
BUILDING AND IMPROVEMENTS | 65,042 | ||||
TOTAL | 125,470 | ||||
ACCUMULATED DEPRECIATION | 3,557 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 121,913 | ||||
ENCUMBRANCES | [2] | 50,022 | |||
Shopping Center [Member] | Tuttlebee Plaza [Member] | |||||
INITIAL COST LAND | 255 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 828 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,478 | |||
LAND | 255 | ||||
BUILDING AND IMPROVEMENTS | 3,306 | ||||
TOTAL | 3,561 | ||||
ACCUMULATED DEPRECIATION | 2,269 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,292 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Galena Junction [Member] | |||||
INITIAL COST LAND | 8,931 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 17,503 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 976 | |||
LAND | 8,931 | ||||
BUILDING AND IMPROVEMENTS | 18,479 | ||||
TOTAL | 27,410 | ||||
ACCUMULATED DEPRECIATION | 4,791 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 22,619 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | The Shoppes at Wilderness Oaks [Member] | |||||
INITIAL COST LAND | 4,359 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 8,964 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (552) | |||
LAND | 3,807 | ||||
BUILDING AND IMPROVEMENTS | 8,964 | ||||
TOTAL | 12,771 | ||||
ACCUMULATED DEPRECIATION | 101 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 12,670 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Whittwood Town Center [Member] | |||||
INITIAL COST LAND | 57,136 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 105,815 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 3,807 | |||
LAND | 57,139 | ||||
BUILDING AND IMPROVEMENTS | 109,619 | ||||
TOTAL | 166,758 | ||||
ACCUMULATED DEPRECIATION | 21,469 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 145,289 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | University Town Center [Member] | |||||
INITIAL COST LAND | 5,515 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 13,041 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 683 | |||
LAND | 5,515 | ||||
BUILDING AND IMPROVEMENTS | 13,724 | ||||
TOTAL | 19,239 | ||||
ACCUMULATED DEPRECIATION | 4,583 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 14,656 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | McQueen Crossings [Member] | |||||
INITIAL COST LAND | 5,017 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 20,779 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,058 | |||
LAND | 5,017 | ||||
BUILDING AND IMPROVEMENTS | 21,837 | ||||
TOTAL | 26,854 | ||||
ACCUMULATED DEPRECIATION | 6,949 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 19,905 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Thousand Oaks S.C. [Member] | |||||
INITIAL COST LAND | 4,384 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 26,176 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 4,384 | ||||
BUILDING AND IMPROVEMENTS | 26,176 | ||||
TOTAL | 30,560 | ||||
ACCUMULATED DEPRECIATION | 582 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 29,978 | ||||
ENCUMBRANCES | [2] | 11,267 | |||
Shopping Center [Member] | Village Commons S.C. [Member] | |||||
INITIAL COST LAND | 2,026 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 5,106 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,056 | |||
LAND | 2,026 | ||||
BUILDING AND IMPROVEMENTS | 7,162 | ||||
TOTAL | 9,188 | ||||
ACCUMULATED DEPRECIATION | 2,114 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,074 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Rancho Towne & Country [Member] | |||||
INITIAL COST LAND | 7,785 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 13,364 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 7,785 | ||||
BUILDING AND IMPROVEMENTS | 13,364 | ||||
TOTAL | 21,149 | ||||
ACCUMULATED DEPRECIATION | 421 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 20,728 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Tomball Crossings [Member] | |||||
INITIAL COST LAND | 8,517 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 28,484 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 916 | |||
LAND | 7,965 | ||||
BUILDING AND IMPROVEMENTS | 29,952 | ||||
TOTAL | 37,917 | ||||
ACCUMULATED DEPRECIATION | 6,729 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 31,188 | ||||
Shopping Center [Member] | Village Commons Shopping Center [Member] | |||||
INITIAL COST LAND | 2,192 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 8,774 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 5,510 | |||
LAND | 2,192 | ||||
BUILDING AND IMPROVEMENTS | 14,284 | ||||
TOTAL | 16,476 | ||||
ACCUMULATED DEPRECIATION | 7,721 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 8,755 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Redfield Promenade [Member] | |||||
INITIAL COST LAND | 4,415 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 32,035 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 907 | |||
LAND | 4,415 | ||||
BUILDING AND IMPROVEMENTS | 32,942 | ||||
TOTAL | 37,357 | ||||
ACCUMULATED DEPRECIATION | 10,264 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 27,093 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Tomball Marketplace [Member] | |||||
INITIAL COST LAND | 4,280 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 31,793 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 4,280 | ||||
BUILDING AND IMPROVEMENTS | 31,793 | ||||
TOTAL | 36,073 | ||||
ACCUMULATED DEPRECIATION | 951 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 35,122 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Village Green Center {Member] | |||||
INITIAL COST LAND | 11,405 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 13,466 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 11,405 | ||||
BUILDING AND IMPROVEMENTS | 13,466 | ||||
TOTAL | 24,871 | ||||
ACCUMULATED DEPRECIATION | 391 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 24,480 | ||||
ENCUMBRANCES | [2] | 17,753 | |||
Shopping Center [Member] | Sparks Mercantile [Member] | |||||
INITIAL COST LAND | 6,222 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 17,069 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 419 | |||
LAND | 6,222 | ||||
BUILDING AND IMPROVEMENTS | 17,488 | ||||
TOTAL | 23,710 | ||||
ACCUMULATED DEPRECIATION | 4,709 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 19,001 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Trenton Crossing -North Mcallen [Member] | |||||
INITIAL COST LAND | 6,279 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 29,686 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 42 | |||
LAND | 6,279 | ||||
BUILDING AND IMPROVEMENTS | 29,728 | ||||
TOTAL | 36,007 | ||||
ACCUMULATED DEPRECIATION | 1,043 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 34,964 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Vizcaya Square [Member] | |||||
INITIAL COST LAND | 5,773 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 20,965 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 5,773 | ||||
BUILDING AND IMPROVEMENTS | 20,965 | ||||
TOTAL | 26,738 | ||||
ACCUMULATED DEPRECIATION | 515 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 26,223 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Village Plaza at Bunker Hill [Member] | |||||
INITIAL COST LAND | 21,320 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 233,086 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 133 | |||
LAND | 21,320 | ||||
BUILDING AND IMPROVEMENTS | 233,219 | ||||
TOTAL | 254,539 | ||||
ACCUMULATED DEPRECIATION | 3,940 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 250,599 | ||||
ENCUMBRANCES | [2] | 71,711 | |||
Shopping Center [Member] | Wellington Green Commons [Member] | |||||
INITIAL COST LAND | 19,528 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 32,521 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 19,528 | ||||
BUILDING AND IMPROVEMENTS | 32,521 | ||||
TOTAL | 52,049 | ||||
ACCUMULATED DEPRECIATION | 726 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 51,323 | ||||
ENCUMBRANCES | [2] | 16,066 | |||
Shopping Center [Member] | Westchase S.C. [Member] | |||||
INITIAL COST LAND | 7,547 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 35,653 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 7,547 | ||||
BUILDING AND IMPROVEMENTS | 35,653 | ||||
TOTAL | 43,200 | ||||
ACCUMULATED DEPRECIATION | 890 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 42,310 | ||||
ENCUMBRANCES | [2] | 14,455 | |||
Shopping Center [Member] | Wellington Green Pad Sites [Member] | |||||
INITIAL COST LAND | 3,854 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,777 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,007 | |||
LAND | 3,854 | ||||
BUILDING AND IMPROVEMENTS | 2,784 | ||||
TOTAL | 6,638 | ||||
ACCUMULATED DEPRECIATION | 84 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 6,554 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Westhill Village [Member] | |||||
INITIAL COST LAND | 11,948 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 26,479 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 11,948 | ||||
BUILDING AND IMPROVEMENTS | 26,479 | ||||
TOTAL | 38,427 | ||||
ACCUMULATED DEPRECIATION | 732 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 37,695 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Winn Dixie-Miami [Member] | |||||
INITIAL COST LAND | 2,990 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 9,410 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (52) | |||
LAND | 3,544 | ||||
BUILDING AND IMPROVEMENTS | 8,804 | ||||
TOTAL | 12,348 | ||||
ACCUMULATED DEPRECIATION | 1,775 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 10,573 | ||||
ENCUMBRANCES | [2] | 0 | |||
Shopping Center [Member] | Woodbridge Shopping Center [Member] | |||||
INITIAL COST LAND | 2,569 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,814 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 500 | |||
LAND | 2,569 | ||||
BUILDING AND IMPROVEMENTS | 7,314 | ||||
TOTAL | 9,883 | ||||
ACCUMULATED DEPRECIATION | 2,384 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,499 | ||||
Shopping Center [Member] | Winter Park Corners [Member] | |||||
INITIAL COST LAND | 5,191 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 42,530 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 11 | |||
LAND | 5,191 | ||||
BUILDING AND IMPROVEMENTS | 42,541 | ||||
TOTAL | 47,732 | ||||
ACCUMULATED DEPRECIATION | 729 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 47,003 | ||||
ENCUMBRANCES | [2] | 0 | |||
Other Property [Member] | Asante Retail Center [Member] | |||||
INITIAL COST LAND | 8,703 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,406 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (1,070) | |||
LAND | 11,039 | ||||
BUILDING AND IMPROVEMENTS | 0 | ||||
TOTAL | 11,039 | ||||
ACCUMULATED DEPRECIATION | 0 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 11,039 | ||||
ENCUMBRANCES | [2] | 0 | |||
Other Property [Member] | Gladden Farms [Member] | |||||
INITIAL COST LAND | 4,010 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 4,010 | ||||
BUILDING AND IMPROVEMENTS | 0 | ||||
TOTAL | 4,010 | ||||
ACCUMULATED DEPRECIATION | 0 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 4,010 | ||||
ENCUMBRANCES | [2] | 0 | |||
Other Property [Member] | Epic Village [Member] | |||||
INITIAL COST LAND | 860 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 860 | ||||
BUILDING AND IMPROVEMENTS | 0 | ||||
TOTAL | 860 | ||||
ACCUMULATED DEPRECIATION | 0 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 860 | ||||
ENCUMBRANCES | [2] | 0 | |||
Other Property [Member] | Homestead-Wachtel Land Lease [Member] | |||||
INITIAL COST LAND | 150 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 150 | ||||
BUILDING AND IMPROVEMENTS | 0 | ||||
TOTAL | 150 | ||||
ACCUMULATED DEPRECIATION | 0 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 150 | ||||
ENCUMBRANCES | [2] | 0 | |||
Other Property [Member] | Palm Coast Landing Outparcels [Member] | |||||
INITIAL COST LAND | 1,460 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 1,460 | ||||
BUILDING AND IMPROVEMENTS | 0 | ||||
TOTAL | 1,460 | ||||
ACCUMULATED DEPRECIATION | 0 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,460 | ||||
ENCUMBRANCES | [2] | 0 | |||
Other Property [Member] | Lake Wales S.C. [Member] | |||||
INITIAL COST LAND | 601 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 601 | ||||
BUILDING AND IMPROVEMENTS | 0 | ||||
TOTAL | 601 | ||||
ACCUMULATED DEPRECIATION | 0 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 601 | ||||
ENCUMBRANCES | [2] | 0 | |||
Other Property [Member] | Treasure Valley [Member] | |||||
INITIAL COST LAND | 6,501 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (5,520) | |||
LAND | 520 | ||||
BUILDING AND IMPROVEMENTS | 461 | ||||
TOTAL | 981 | ||||
ACCUMULATED DEPRECIATION | 461 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 520 | ||||
ENCUMBRANCES | [2] | 0 | |||
Other Property [Member] | Linwood - Indianapolis [Member]. | |||||
INITIAL COST LAND | 31 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 31 | ||||
BUILDING AND IMPROVEMENTS | 0 | ||||
TOTAL | 31 | ||||
ACCUMULATED DEPRECIATION | 0 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 31 | ||||
ENCUMBRANCES | [2] | 0 | |||
Other Property [Member] | Flint - Vacant Land [Member] | |||||
INITIAL COST LAND | 101 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (10) | |||
LAND | 91 | ||||
BUILDING AND IMPROVEMENTS | 0 | ||||
TOTAL | 91 | ||||
ACCUMULATED DEPRECIATION | 0 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 91 | ||||
ENCUMBRANCES | [2] | 0 | |||
Other Property [Member] | Charlotte Sports & Fitness CTR [Member] | |||||
INITIAL COST LAND | 501 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,859 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 499 | |||
LAND | 501 | ||||
BUILDING AND IMPROVEMENTS | 2,358 | ||||
TOTAL | 2,859 | ||||
ACCUMULATED DEPRECIATION | 2,010 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 849 | ||||
ENCUMBRANCES | [2] | 0 | |||
Other Property [Member] | Surf City Crossing [Member] | |||||
INITIAL COST LAND | 5,260 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 5,260 | ||||
BUILDING AND IMPROVEMENTS | 0 | ||||
TOTAL | 5,260 | ||||
ACCUMULATED DEPRECIATION | 0 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,260 | ||||
ENCUMBRANCES | [2] | 0 | |||
Other Property [Member] | The Shoppes at Caveness Farms [Member] | |||||
INITIAL COST LAND | 5,470 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 5,470 | ||||
BUILDING AND IMPROVEMENTS | 0 | ||||
TOTAL | 5,470 | ||||
ACCUMULATED DEPRECIATION | 0 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,470 | ||||
ENCUMBRANCES | [2] | 0 | |||
Other Property [Member] | Wake Forest Crossing II -Land Only [Member] | |||||
INITIAL COST LAND | 520 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 520 | ||||
BUILDING AND IMPROVEMENTS | 0 | ||||
TOTAL | 520 | ||||
ACCUMULATED DEPRECIATION | 0 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 520 | ||||
ENCUMBRANCES | [2] | 0 | |||
Other Property [Member] | Wakefield Commons III [Member] | |||||
INITIAL COST LAND | 6,506 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (5,397) | |||
LAND | 787 | ||||
BUILDING AND IMPROVEMENTS | 322 | ||||
TOTAL | 1,109 | ||||
ACCUMULATED DEPRECIATION | 278 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 831 | ||||
ENCUMBRANCES | [2] | 0 | |||
Other Property [Member] | Wakefield Crossings [Member] | |||||
INITIAL COST LAND | 3,414 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (3,277) | |||
LAND | 137 | ||||
BUILDING AND IMPROVEMENTS | 0 | ||||
TOTAL | 137 | ||||
ACCUMULATED DEPRECIATION | 0 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 137 | ||||
ENCUMBRANCES | [2] | 0 | |||
Other Property [Member] | Hillsborough Promenade [Member] | |||||
INITIAL COST LAND | 11,887 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (6,632) | |||
LAND | 5,006 | ||||
BUILDING AND IMPROVEMENTS | 249 | ||||
TOTAL | 5,255 | ||||
ACCUMULATED DEPRECIATION | 97 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,158 | ||||
ENCUMBRANCES | [2] | 0 | |||
Other Property [Member] | Jericho Atrium [Member] | |||||
INITIAL COST LAND | 10,624 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 20,065 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 4,739 | |||
LAND | 10,624 | ||||
BUILDING AND IMPROVEMENTS | 24,804 | ||||
TOTAL | 35,428 | ||||
ACCUMULATED DEPRECIATION | 6,636 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 28,792 | ||||
ENCUMBRANCES | [2] | 0 | |||
Other Property [Member] | Key Bank Building [Member] | |||||
INITIAL COST LAND | 1,500 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 40,487 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (8,014) | |||
LAND | 669 | ||||
BUILDING AND IMPROVEMENTS | 33,304 | ||||
TOTAL | 33,973 | ||||
ACCUMULATED DEPRECIATION | 21,646 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 12,327 | ||||
ENCUMBRANCES | [2] | 0 | |||
Other Property [Member] | Manhasset Center (Residential) [Member] | |||||
INITIAL COST LAND | 950 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 950 | ||||
BUILDING AND IMPROVEMENTS | 0 | ||||
TOTAL | 950 | ||||
ACCUMULATED DEPRECIATION | 0 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 950 | ||||
ENCUMBRANCES | 0 | ||||
Other Property [Member] | Merry Lane (Parking Lot) [Member] | |||||
INITIAL COST LAND | 1,486 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,398 | |||
LAND | 1,486 | ||||
BUILDING AND IMPROVEMENTS | 1,400 | ||||
TOTAL | 2,886 | ||||
ACCUMULATED DEPRECIATION | 0 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,886 | ||||
ENCUMBRANCES | [2] | 0 | |||
Other Property [Member] | Northport Land Parcel [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 14 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 82 | |||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 96 | ||||
TOTAL | 96 | ||||
ACCUMULATED DEPRECIATION | 8 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 88 | ||||
ENCUMBRANCES | [2] | 0 | |||
Other Property [Member] | McMinnville Plaza [Member] | |||||
INITIAL COST LAND | 4,062 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 325 | |||
LAND | 4,062 | ||||
BUILDING AND IMPROVEMENTS | 325 | ||||
TOTAL | 4,387 | ||||
ACCUMULATED DEPRECIATION | 0 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 4,387 | ||||
ENCUMBRANCES | [2] | 0 | |||
Other Property [Member] | 123 Coulter Avenue Parcel [Member] | |||||
INITIAL COST LAND | 578 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,348 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 16,244 | |||
LAND | 16,795 | ||||
BUILDING AND IMPROVEMENTS | 1,375 | ||||
TOTAL | 18,170 | ||||
ACCUMULATED DEPRECIATION | 83 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 18,087 | ||||
ENCUMBRANCES | [2] | 0 | |||
Other Property [Member] | The 1935 West Gray [Member] | |||||
INITIAL COST LAND | 780 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 780 | ||||
BUILDING AND IMPROVEMENTS | 0 | ||||
TOTAL | 780 | ||||
ACCUMULATED DEPRECIATION | 0 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 780 | ||||
ENCUMBRANCES | [2] | 0 | |||
Other Property [Member] | The 2503 McCue LLC [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,287 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 2,287 | ||||
TOTAL | 2,287 | ||||
ACCUMULATED DEPRECIATION | 168 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,119 | ||||
ENCUMBRANCES | [2] | 0 | |||
Other Property [Member] | Cullen Blvd. and East Orem Dr. [Member] | |||||
INITIAL COST LAND | 1,590 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 1,590 | ||||
BUILDING AND IMPROVEMENTS | 0 | ||||
TOTAL | 1,590 | ||||
ACCUMULATED DEPRECIATION | 0 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,590 | ||||
ENCUMBRANCES | [2] | 0 | |||
Other Property [Member] | North Towne Plaza -Brownsville [Member] | |||||
INITIAL COST LAND | 1,517 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 1,517 | ||||
BUILDING AND IMPROVEMENTS | 0 | ||||
TOTAL | 1,517 | ||||
ACCUMULATED DEPRECIATION | 0 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,517 | ||||
ENCUMBRANCES | [2] | 0 | |||
Other Property [Member] | NW Freeway at Gessner [Member] | |||||
INITIAL COST LAND | 220 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 220 | ||||
BUILDING AND IMPROVEMENTS | 0 | ||||
TOTAL | 220 | ||||
ACCUMULATED DEPRECIATION | 0 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 220 | ||||
ENCUMBRANCES | [2] | 0 | |||
Other Property [Member] | Richmond Square -PAD [Member] | |||||
INITIAL COST LAND | 570 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 570 | ||||
BUILDING AND IMPROVEMENTS | 0 | ||||
TOTAL | 570 | ||||
ACCUMULATED DEPRECIATION | 0 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 570 | ||||
ENCUMBRANCES | [2] | 0 | |||
Other Property [Member] | Texas City Land [Member] | |||||
INITIAL COST LAND | 1,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 1,000 | ||||
BUILDING AND IMPROVEMENTS | 0 | ||||
TOTAL | 1,000 | ||||
ACCUMULATED DEPRECIATION | 0 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,000 | ||||
ENCUMBRANCES | [2] | 0 | |||
Other Property [Member] | Westover Square [Member] | |||||
INITIAL COST LAND | 1,520 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 1,520 | ||||
BUILDING AND IMPROVEMENTS | 0 | ||||
TOTAL | 1,520 | ||||
ACCUMULATED DEPRECIATION | 0 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,520 | ||||
ENCUMBRANCES | [2] | 0 | |||
Other Property [Member] | Westwood Center -Land Only [Member] | |||||
INITIAL COST LAND | 910 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 0 | |||
LAND | 910 | ||||
BUILDING AND IMPROVEMENTS | 0 | ||||
TOTAL | 910 | ||||
ACCUMULATED DEPRECIATION | 0 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 910 | ||||
ENCUMBRANCES | [2] | 0 | |||
Other Property [Member] | Blue Ridge [Member] | |||||
INITIAL COST LAND | 12,347 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 71,530 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (52,751) | |||
LAND | 3,537 | ||||
BUILDING AND IMPROVEMENTS | 27,589 | ||||
TOTAL | 31,126 | ||||
ACCUMULATED DEPRECIATION | 20,036 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 11,090 | ||||
ENCUMBRANCES | [2] | 0 | |||
Other Property [Member] | Balance of Portfolio [Member] | |||||
INITIAL COST LAND | [5] | 1,907 | |||
INITIAL COST BUILDING AND IMPROVEMENTS | [5] | 65,127 | |||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1],[5] | (31,994) | |||
LAND | [5] | 0 | |||
BUILDING AND IMPROVEMENTS | [5] | 35,040 | |||
TOTAL | [5] | 35,040 | |||
ACCUMULATED DEPRECIATION | [5] | 3,848 | |||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | [5] | 31,192 | |||
ENCUMBRANCES | [2],[5] | $ 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] | 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. | ||||
[4] | Shopping center includes land held for development. | ||||
[5] | 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, 2021 | |
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 ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Balance, beginning of period | $ 12,068,827 | $ 11,929,276 | $ 11,877,190 |
Acquisitions | 5,765,363 | 10,449 | 43,971 |
Improvements | 153,698 | 210,390 | 404,211 |
Transfers from unconsolidated joint ventures | 785,334 | 0 | 0 |
Sales and assets held-for-sale | (205,057) | (30,764) | (307,608) |
Transfers to operating lease right-of-use assets, net | 0 | 0 | (8,526) |
Transfers to unconsolidated joint ventures | (433,829) | 0 | 0 |
Adjustment for fully depreciated assets | (82,065) | (45,042) | (43,081) |
Adjustment of property carrying values | 0 | (5,482) | (36,881) |
Balance, end of period | $ 18,052,271 | $ 12,068,827 | $ 11,929,276 |
Schedule III - Real Estate an_7
Schedule III - Real Estate and Accumulated Depreciation - Changes in Accumulated Depreciation (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Balance, beginning of period | $ 2,717,114 | $ 2,500,053 | $ 2,385,288 |
Depreciation for year | 378,416 | 265,144 | 260,534 |
Sales and assets held-for-sale | (2,766) | (3,041) | (88,080) |
Transfers to operating lease right-of-use assets, net | 0 | 0 | (1,342) |
Adjustment for fully depreciated assets/other | (82,065) | (45,042) | (56,347) |
Balance, end of period | $ 3,010,699 | $ 2,717,114 | $ 2,500,053 |
Schedule IV - Mortgage Loans _3
Schedule IV - Mortgage Loans on Real Estate (Details Textual) $ in Millions | Dec. 31, 2021USD ($) |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Federal Income Tax Basis | $ 73.1 |
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, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | ||
Carrying amount | $ 73,102 | $ 32,246 | $ 7,829 | $ 14,448 | |
Mortgage Loans [Member] | |||||
Face amount | 75,911 | ||||
Carrying amount | [1] | 73,102 | |||
Principal Amount of Loans Subject to Delinquent Principal or Interest | 500 | ||||
Allowance for Credit losses: | [1] | $ (1,300) | |||
Retail Site [Member] | Mesa, AZ [Member] | Borrower A [Member] | Mortgage Loans [Member] | |||||
Interest rate | 12.00% | ||||
Face amount | $ 500 | ||||
Carrying amount | [1] | 500 | |||
Principal Amount of Loans Subject to Delinquent Principal or Interest | $ 500 | ||||
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] | Jacksonville, FL [Member] | Borrower D [Member] | Mortgage Loans [Member] | |||||
Interest rate | 10.00% | ||||
Face amount | $ 15,000 | ||||
Carrying amount | $ 15,000 | ||||
Retail Site [Member] | San Antonio, Texas [Member] | Borrower E [Member] | Mortgage Loans [Member] | |||||
Interest rate | 12.50% | ||||
Face amount | $ 21,500 | ||||
Carrying amount | $ 21,500 | ||||
Retail Site [Member] | Las Vegas, NV [Member] | Borrower F [Member] | Mortgage Loans [Member] | |||||
Interest rate | 12.00% | ||||
Face amount | $ 3,075 | ||||
Carrying amount | [1] | $ 3,075 | |||
Retail Site [Member] | Las Vegas, NV [Member] | Borrower G [Member] | Mortgage Loans [Member] | |||||
Interest rate | 7.00% | ||||
Face amount | $ 3,410 | ||||
Carrying amount | $ 3,410 | ||||
Nonretail [Member] | Borrower A [Member] | Other Financing Loans [Member] | |||||
Interest rate | 5.00% | ||||
Face amount | $ 175 | ||||
Carrying amount | [1] | $ 105 | |||
Nonretail [Member] | Borrower C [Member] | Other Financing Loans [Member] | |||||
Interest rate | 8.00% | ||||
Face amount | $ 5,000 | ||||
Carrying amount | $ 5,000 | ||||
Nonretail [Member] | Borrower B [Member] | Other Financing Loans [Member] | |||||
Interest rate | 7.00% | ||||
Face amount | $ 397 | ||||
Carrying amount | [1] | $ 375 | |||
Nonretail [Member] | Commack, NY [Member] | Borrower A [Member] | Mortgage Loans [Member] | |||||
Interest rate | 7.41% | ||||
Face amount | $ 1,354 | ||||
Carrying amount | [1] | $ 211 | |||
Nonretail [Member] | Melbourne, FL [Member] | Borrower B [Member] | Mortgage Loans [Member] | |||||
Interest rate | 6.88% | ||||
Face amount | $ 500 | ||||
Carrying amount | [1] | $ 226 | |||
[1] | The aggregate cost for Federal income tax purposes was approximately $32.2 million as of December 31, 2020. |