SITE Centers (SITC) 10-Q 3 Nov 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Oct. 26, 2017
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Trading Symbol	DDR
Entity Registrant Name	DDR CORP
Entity Central Index Key	894,315
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		368,464,703

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Assets
Land	$ 1,903,805	$ 1,990,406
Buildings	6,002,788	6,412,532
Fixtures and tenant improvements	673,738	735,685
Total real estate rental property	8,580,331	9,138,623
Less: Accumulated depreciation	(1,942,051)	(1,996,176)
Real estate rental property, net	6,638,280	7,142,447
Construction in progress and land	116,746	105,435
Total real estate assets, net	6,755,026	7,247,882
Investments in and advances to joint ventures, net	434,952	454,131
Cash and cash equivalents	18,268	30,430
Restricted cash	1,826	8,795
Accounts receivable, net	176,561	121,367
Notes receivable, net	19,591	49,503
Other assets, net	234,473	285,410
Total assets	7,640,697	8,197,518
Unsecured indebtedness:
Senior notes	2,809,404	2,913,217
Unsecured term loan	397,858	398,399
Revolving credit facilities	60,000	0
Total unsecured indebtedness	3,267,262	3,311,616
Secured indebtedness:
Secured term loan	0	199,843
Mortgage indebtedness	750,269	982,509
Total secured indebtedness	750,269	1,182,352
Total indebtedness	4,017,531	4,493,968
Accounts payable and other liabilities	355,731	382,293
Dividends payable	78,419	75,245
Total liabilities	4,451,681	4,951,506
Commitments and contingencies
DDR Equity
Common shares, with par value, $0.10 stated value; 600,000,000 shares authorized; 367,823,362 and 366,298,335 shares issued at September 30, 2017 and December 31, 2016, respectively	36,782	36,630
Additional paid-in capital	5,505,855	5,487,212
Accumulated distributions in excess of net income	(2,886,547)	(2,632,327)
Deferred compensation obligation	10,381	15,149
Accumulated other comprehensive loss	(1,471)	(4,192)
Less: Common shares in treasury at cost: 676,419 and 947,893 shares at September 30, 2017 and December 31, 2016, respectively	(9,907)	(14,957)
Total DDR shareholders' equity	3,180,093	3,237,515
Non-controlling interests	8,923	8,497
Total equity	3,189,016	3,246,012
Total liabilities and equity	7,640,697	8,197,518
Class A Cumulative Redeemable Preferred Shares [Member]
DDR Equity
Cumulative redeemable preferred shares	175,000	0
Class J Cumulative Redeemable Preferred Shares [Member]
DDR Equity
Cumulative redeemable preferred shares	200,000	200,000
Class K Cumulative Redeemable Preferred Shares [Member]
DDR Equity
Cumulative redeemable preferred shares	$ 150,000	$ 150,000

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Common shares, par value	$ 0.10	$ 0.10
Common shares, shares authorized	600,000,000	600,000,000
Common shares, shares issued	367,823,362	366,298,335
Treasury at cost	676,419	947,893
Class A Cumulative Redeemable Preferred Shares [Member]
Cumulative redeemable preferred shares, liquidation value	$ 500
Cumulative redeemable preferred shares, shares authorized	750,000
Cumulative redeemable preferred shares, shares issued	350,000
Cumulative redeemable preferred shares, shares outstanding	350,000
Preferred stock dividend rate	6.375%
Cumulative redeemable preferred shares, par value
Class J Cumulative Redeemable Preferred Shares [Member]
Cumulative redeemable preferred shares, liquidation value	$ 500	$ 500
Cumulative redeemable preferred shares, shares authorized	750,000	750,000
Cumulative redeemable preferred shares, shares issued	400,000	400,000
Cumulative redeemable preferred shares, shares outstanding	400,000	400,000
Preferred stock dividend rate	6.50%	6.50%
Cumulative redeemable preferred shares, par value
Class K Cumulative Redeemable Preferred Shares [Member]
Cumulative redeemable preferred shares, liquidation value	$ 500	$ 500
Cumulative redeemable preferred shares, shares authorized	750,000	750,000
Cumulative redeemable preferred shares, shares issued	300,000	300,000
Cumulative redeemable preferred shares, shares outstanding	300,000	300,000
Preferred stock dividend rate	6.25%	6.25%
Cumulative redeemable preferred shares, par value

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Revenues from operations:
Minimum rents	$ 153,925	$ 177,844	$ 485,777	$ 533,275
Percentage and overage rents	1,016	1,193	4,538	4,783
Recoveries from tenants	51,368	59,743	164,477	182,718
Fee and other income	21,115	15,020	49,240	44,768
Total revenue from operations	227,424	253,800	704,032	765,544
Rental operation expenses:
Operating and maintenance	28,950	32,012	94,091	104,600
Real estate taxes	30,618	36,157	98,691	108,475
Impairment charges	10,284	104,877	60,353	104,877
Hurricane casualty and impairment loss	6,089	0	6,089	0
General and administrative	16,425	18,785	70,253	55,160
Depreciation and amortization	85,210	95,451	266,370	290,051
Total rental operation expenses	177,576	287,282	595,847	663,163
Other income (expense):
Interest income	6,807	9,304	22,365	27,800
Interest expense	(46,296)	(53,940)	(147,031)	(165,849)
Other income (expense), net	(64,340)	(384)	(65,298)	3,470
Total other income (expense)	(103,829)	(45,020)	(189,964)	(134,579)
Loss before earnings from equity method investments and other items	(53,981)	(78,502)	(81,779)	(32,198)
Equity in net income (loss) of joint ventures	4,811	(1,457)	2,429	14,081
Adjustment (reserve) of preferred equity interests	15,377	0	(60,623)	0
Loss on sale and change in control of interests, net	0	(1,087)	0	(1,087)
Loss before tax expense	(33,793)	(81,046)	(139,973)	(19,204)
Tax expense of taxable REIT subsidiaries and state franchise and income taxes	(9,267)	(398)	(9,963)	(1,101)
Income (loss) from continuing operations	(43,060)	(81,444)	(149,936)	(20,305)
Gain on disposition of real estate, net	44,291	21,368	127,017	47,470
Net income (loss)	1,231	(60,076)	(22,919)	27,165
Income attributable to non-controlling interests, net	(248)	(284)	(728)	(894)
Net income (loss) attributable to DDR	983	(60,360)	(23,647)	26,271
Preferred dividends	(8,383)	(5,594)	(20,376)	(16,781)
Net (loss) income attributable to common shareholders	$ (7,400)	$ (65,954)	$ (44,023)	$ 9,490
Per share data:
Basic	$ (0.02)	$ (0.18)	$ (0.12)	$ 0.02
Diluted	$ (0.02)	$ (0.18)	$ (0.12)	$ 0.02

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Statement Of Income And Comprehensive Income [Abstract]
Net income (loss)	$ 1,231	$ (60,076)	$ (22,919)	$ 27,165
Other comprehensive income:
Foreign currency translation	802	(103)	1,339	572
Change in fair value of interest-rate contracts	206	574	995	950
Change in cash flow hedges reclassed to earnings	335	172	712	516
Total other comprehensive income	1,343	643	3,046	2,038
Comprehensive income (loss)	2,574	(59,433)	(19,873)	29,203
Comprehensive income attributable to non-controlling interests:
Allocation of net income	(248)	(284)	(728)	(894)
Foreign currency translation	(182)	29	(325)	(239)
Total comprehensive income attributable to non-controlling interests	(430)	(255)	(1,053)	(1,133)
Total comprehensive income (loss) attributable to DDR	$ 2,144	$ (59,688)	$ (20,926)	$ 28,070

CONSOLIDATED STATEMENT OF EQUIT

CONSOLIDATED STATEMENT OF EQUITY - 9 months ended Sep. 30, 2017 - USD ($) $ in Thousands	Total	Preferred Shares	Common Shares	Additional Paid-in Capital	Accumulated Distributions in Excess of Net Income	Deferred Compensation Obligation	Accumulated Other Comprehensive Loss	Treasury Stock at Cost	Non-Controlling Interests
Beginning Balance at Dec. 31, 2016	$ 3,246,012	$ 350,000	$ 36,630	$ 5,487,212	$ (2,632,327)	$ 15,149	$ (4,192)	$ (14,957)	$ 8,497
Issuance of common shares related to stock plans	17,681	0	152	17,529	0	0	0	0	0
Issuance of preferred shares	168,882	175,000	0	(6,118)	0	0	0	0	0
Stock-based compensation, net	7,514	0	0	7,232	0	(4,768)	0	5,050	0
Distributions to non-controlling interests	(627)	0	0	0	0	0	0	0	(627)
Dividends declared-common shares	(209,763)	0	0	0	(209,763)	0	0	0	0
Dividends declared-preferred shares	(20,810)	0	0	0	(20,810)	0	0	0	0
Comprehensive (loss) income	(19,873)	0	0	0	(23,647)	0	2,721	0	1,053
Ending Balance at Sep. 30, 2017	$ 3,189,016	$ 525,000	$ 36,782	$ 5,505,855	$ (2,886,547)	$ 10,381	$ (1,471)	$ (9,907)	$ 8,923

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Cash flow from operating activities:
Net (loss) income	$ (22,919)	$ 27,165
Adjustments to reconcile net (loss) income to net cash flow provided by operating activities:
Depreciation and amortization	266,370	290,051
Stock-based compensation	9,537	5,444
Amortization and write-off of debt issuance costs and fair market value of debt adjustments	5,959	1,605
Loss on extinguishment of debt	63,204	0
Equity in net income of joint ventures	(2,429)	(14,081)
Reserve of preferred equity interests, net	60,623	0
Net loss on sale and change in control of interests	0	1,087
Operating cash distributions from joint ventures	6,235	5,921
Gain on disposition of real estate	(127,017)	(47,470)
Impairment charges	65,453	104,877
Valuation allowance of prepaid tax asset	8,777	0
Assumption of buildings due to lease terminations	(8,585)	0
Change in notes receivable accrued interest	(3,168)	(7,937)
Net change in accounts receivable	(190)	81
Net change in accounts payable and accrued expenses	2,514	(3,045)
Net change in other operating assets and liabilities	(22,131)	(12,676)
Total adjustments	325,152	323,857
Net cash flow provided by operating activities	302,233	351,022
Cash flow from investing activities:
Real estate acquired, net of liabilities and cash assumed	(86,079)	(145,975)
Real estate developed and improvements to operating real estate	(89,753)	(134,810)
Proceeds from disposition of real estate	454,715	296,224
Equity contributions to joint ventures	(69,149)	(1,452)
Distributions from unconsolidated joint ventures	21,781	22,307
Repayment of joint venture advances, net	7,476	0
Issuance of notes receivable	0	(6,801)
Repayment of notes receivable	31,068	4,934
Net cash flow provided by investing activities	270,059	34,427
Cash flow from financing activities:
Proceeds from revolving credit facilities, net	60,000	100,000
Proceeds from issuance of senior notes, net of offering expenses	791,220	0
Repayment of senior notes	(958,509)	(240,000)
Repayment of term loan and mortgage debt	(434,240)	(33,089)
Payment of debt issuance costs	(6,704)	(41)
Proceeds from issuance of preferred shares, net of offering expenses	168,881	0
Issuance of common shares in conjunction with equity award plans and dividend reinvestment plan	15,953	8,105
Distributions to non-controlling interests and redeemable operating partnership units	(626)	(830)
Dividends paid	(227,399)	(218,762)
Net cash flow used for financing activities	(591,424)	(384,617)
Effect of foreign exchange rate changes on cash and cash equivalents	1	2
Net (decrease) increase in cash, cash equivalents and restricted cash	(19,132)	832
Cash, cash equivalents and restricted cash, beginning of period	39,225	32,520
Cash, cash equivalents and restricted cash, end of period	$ 20,094	$ 33,354

Nature of Business and Financia

Nature of Business and Financial Statement Presentation	9 Months Ended
	Sep. 30, 2017
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Nature of Business and Financial Statement Presentation	1. Nature of Business and Financial Statement Presentation Nature of Business DDR Corp. and its related consolidated real estate subsidiaries (collectively, the “Company” or “DDR”) and unconsolidated joint ventures are primarily engaged in the business of acquiring, owning, developing, redeveloping, expanding, leasing, financing and managing shopping centers. Unless otherwise provided, references herein to the Company or DDR include DDR Corp. and its wholly-owned subsidiaries and consolidated joint ventures. The Company’s tenant base primarily includes national and regional retail chains and local retailers. Consequently, the Company’s credit risk is concentrated in the retail industry. Use of Estimates in Preparation of Financial Statements The preparation of financial statements in conformity with generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities and the reported amounts of revenues and expenses during the year. Actual results could differ from those estimates. Reclassifications Certain reclassifications have been made to the Company’s 2016 financial statements to conform to the 2017 presentation. Unaudited Interim Financial Statements These financial statements have been prepared by the Company in accordance with GAAP for interim financial information and the applicable rules and regulations of the Securities and Exchange Commission. Accordingly, they do not include all information and footnotes required by GAAP for complete financial statements. However, in the opinion of management, the interim financial statements include all adjustments, consisting of only normal recurring adjustments, necessary for a fair statement of the results of the periods presented. The results of operations for the three and nine months ended September 30, 2017 and 2016, are not necessarily indicative of the results that may be expected for the full year. These condensed consolidated financial statements should be read in conjunction with the Company’s audited financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016 . Principles of Consolidation The consolidated financial statements include the results of the Company and all entities in which the Company has a controlling interest or has been determined to be the primary beneficiary of a variable interest entity (“VIE”). All significant inter-company balances and transactions have been eliminated in consolidation. Investments in real estate joint ventures in which the Company has the ability to exercise significant influence, but does not have financial or operating control, are accounted for using the equity method of accounting. Accordingly, the Company’s share of the earnings (or loss) of these joint ventures is included in consolidated net income (loss). The Company has two unconsolidated joint ventures included in the Company’s joint venture investments that are considered VIEs for which the Company is not the primary beneficiary. The Company’s maximum exposure to losses associated with these VIEs is limited to its aggregate investment, which was $334.0 million and $405.4 million as of September 30, 2017 and December 31, 2016, respectively. Statements of Cash Flows and Supplemental Disclosure of Non-Cash Investing and Financing Information Non-cash investing and financing activities are summarized as follows (in millions): Nine Months Ended September 30, 2017 2016 Accounts payable related to construction in progress $ 11.4 $ 15.8 Assumption of buildings due to lease termination 8.6 — Receivable and reduction of real estate assets, net related to hurricane casualty 59.7 — Dividends declared 78.4 75.2 Common Shares The Company declared common share dividends of $0.19 per share and $0.57 per share for both the three and nine months ended September 30, 2017 and 2016, respectively. Fee and Other Income Fee and other income was composed of the following (in thousands): Three Months Nine Months Ended September 30, Ended September 30, 2017 2016 2017 2016 Management and other fee income $ 7,291 $ 8,562 $ 25,517 $ 28,205 Ancillary and other property income 4,428 4,761 13,421 13,378 Lease termination fees 9,380 1,684 10,188 3,129 Other 16 13 114 56 Total fee and other income $ 21,115 $ 15,020 $ 49,240 $ 44,768 New Accounting Standards Adopted Business Combinations In September 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2015-16, Business Combinations (Topic 805) have an adjustment to provisional amounts recognized. The guidance requires that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. Any adjustments should be calculated as if the accounting had been completed at the acquisition date. The guidance is effective for public companies for fiscal years beginning after December 15, 2016. In addition, in January 2017, the FASB issued ASU No. 2017-01, Business Combinations (Topic 805) - Clarifying the Definition of a Business . ASU No. 2017-01 clarifies the definition and provides a more robust framework to use in determining when a set of assets and activities constitutes a business. ASU No. 2017-01 is intended to provide guidance when evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The guidance is effective for public companies for fiscal years beginning after December 15, 2017. Early adoption is permitted for both standards. Application of the guidance is prospective. The Company adopted the standards effective January 1, 2017, with respect to its asset acquisitions. Under these new standards, the Company’s purchase of a shopping center is expected to be classified as an acquisition of an asset and not classified as an acquisition of a business. Transaction costs from the acquisition of a business are expensed as incurred, in contrast to transaction costs from the acquisition of an asset, which are capitalized to real estate assets upon acquisition. As a result of these new standards, the majority of the transaction costs incurred related to the acquisition of shopping centers are capitalized to real estate assets (Note This change did not have a material impact on the Company’s financial statements. Statement of Cash Flows In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments. Statement of Cash Flows (Topic 230: Restricted Cash The Company adopted the updated standards effective January 1, 2017. The adoption of these standards modified the Company's 2017 presentation of certain activities within the consolidated statements of cash flows and related disclosures. New Accounting Standards to Be Adopted Revenue Recognition In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers Most significantly for the real estate industry, leasing transactions are not within the scope of the new standard. A majority of the Company’s tenant-related revenue is recognized pursuant to lease agreements and will be governed by the recently issued leasing guidance discussed below. The Company completed its assessment of ASU No. 2014-09 and has concluded that the guidance will not have a material impact on the method of revenue recognition, excluding tenant-related revenue with respect to leasing transactions. The Company anticipates that upon adoption of ASU No. 2014-09, the recognition of lease commission income earned pursuant to its management agreements with unconsolidated joint ventures most likely will be accelerated into an earlier quarter than recognized in current GAAP. The majority of the Company’s lease commission income is recognized 50% upon lease execution and 50% upon tenant rent commencement. Under the new standard, the Company anticipates that a lease commission will be recognized in its entirety upon lease execution. This revenue is not considered material to the Company’s consolidated financial statements. Accounting for Leases In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). Leases The Company is in the process of evaluating the impact that the adoption of ASU No. 2016-02 will have on its consolidated financial statements and disclosures. The Company has currently identified several areas within its accounting policies it believes could be impacted by the new standard. The Company may have a change in presentation on its consolidated statement of operations with regards to Recoveries from Tenants, which includes reimbursements from tenants for certain operating expenses, real estate taxes and insurance. Tenant expense reimbursements with a service obligation are not covered within the scope of ASU No. 2016-02. The Company also has certain lease arrangements with its tenants for space at its shopping centers in which the contractual amounts due under the lease by the lessee are not allocated between the rental and expense reimbursement components (“Gross Leases”). The aggregate revenue earned under Gross Leases is presented as Minimum Rents in the consolidated statements of operations. As a result, the Company anticipates it will be required to bifurcate the presentation of certain expense reimbursements as well as allocate the fair value of the embedded revenue associated with these reimbursements for Gross Leases, which represent an immaterial portion of the Company’s lease portfolio, and separately present such amounts in its consolidated statements of operations based upon materiality. The Company intends to adopt the practicable expedient method in applying this standard to Gross Leases entered into or modified after the effective date of the standard. In addition, the Company has ground lease agreements in which the Company is the lessee for land underneath all or a portion of the buildings at five shopping centers. Currently, the Company accounts for these arrangements as operating leases. Under the new standard, the Company will record its rights and obligations under these leases as an asset and liability on its consolidated balance sheets. The Company is currently in the process of evaluating the inputs required to calculate the amount that will be recorded on its balance sheet for each ground lease. Lastly, this standard impacts the lessor’s ability to capitalize costs related to the leasing of vacant space. However, the Company does not believe this change regarding capitalization will have a material impact on its consolidated financial statements.

Investments in and Advances to

Investments in and Advances to Joint Ventures	9 Months Ended
	Sep. 30, 2017
Equity Method Investments And Joint Ventures [Abstract]
Investments in and Advances to Joint Ventures	2. Investments in and Advances to Joint Ventures At September 30, 2017 and December 31, 2016, the Company had ownership interests in various unconsolidated joint ventures that had an investment in 142 and 151 shopping center properties, respectively. Condensed combined financial information of the Company’s unconsolidated joint venture investments is as follows (in thousands): September 30, 2017 December 31, 2016 Condensed Combined Balance Sheets Land $ 1,250,276 $ 1,287,675 Buildings 3,238,956 3,376,720 Fixtures and tenant improvements 212,529 203,824 4,701,761 4,868,219 Less: Accumulated depreciation (957,207 ) (884,356 ) 3,744,554 3,983,863 Construction in progress and land 56,381 56,983 Real estate, net 3,800,935 4,040,846 Cash and restricted cash 117,211 50,378 Receivables, net 53,199 50,685 Other assets, net 205,436 248,664 $ 4,176,781 $ 4,390,573 Mortgage debt $ 2,698,105 $ 3,034,399 Notes and accrued interest payable to the Company 2,626 1,584 Other liabilities 195,817 206,949 2,896,548 3,242,932 Redeemable preferred equity – 392,479 393,338 Accumulated equity 887,754 754,303 $ 4,176,781 $ 4,390,573 Company's share of accumulated equity $ 134,001 $ 97,977 Redeemable preferred equity, net 327,309 393,338 Basis differentials (26,103 ) (36,117 ) Deferred development fees, net of portion related to the Company's interest (2,881 ) (2,651 ) Amounts payable to the Company 2,626 1,584 Investments in and Advances to Joint Ventures, net $ 434,952 $ 454,131 Three Months Nine Months Ended September 30, Ended September 30, 2017 2016 2017 2016 Condensed Combined Statements of Operations Revenues from operations $ 126,992 $ 127,676 $ 380,568 $ 384,476 Expenses from operations: Operating expenses 36,041 35,547 110,400 110,176 Impairment charges 2,160 13,598 82,667 13,598 Depreciation and amortization 45,291 47,955 137,976 146,011 Interest expense 24,276 33,567 83,410 100,208 Preferred share expense 8,307 8,438 24,674 25,007 Other (income) expense, net 6,577 5,829 22,204 17,959 122,652 144,934 461,331 412,959 Income (loss) from continuing operations 4,340 (17,258 ) (80,763 ) (28,483 ) Gain on disposition of real estate, net 31,740 658 30,764 54,255 Net income (loss) attributable to unconsolidated joint ventures $ 36,080 $ (16,600 ) $ (49,999 ) $ 25,772 Company's share of equity in net income (loss) of joint ventures $ 3,819 $ (1,755 ) $ (2,570 ) $ 10,336 Basis differential adjustments (A) 992 298 4,999 3,745 Equity in net income (loss) of joint ventures $ 4,811 $ (1,457 ) $ 2,429 $ 14,081 (A) The difference between the Company’s share of net income (loss), as reported above, and the amounts included in the Company’s consolidated statements of operations is attributable to the amortization of basis differentials, unrecognized preferred PIK, the recognition of deferred gains, differences in gain (loss) on sale of certain assets recognized due to the basis differentials and other than temporary impairment charges. Service fees and income earned by the Company through management, financing, leasing and development activities performed related to all of the Company’s unconsolidated joint ventures are as follows (in millions): Three Months Nine Months Ended September 30, Ended September 30, 2017 2016 2017 2016 Management and other fees $ 5.3 $ 6.3 $ 18.9 $ 22.2 Interest income 6.3 8.4 20.1 25.0 Development fees and leasing commissions 1.8 2.2 6.2 5.9 The Company’s joint venture agreements generally include provisions whereby each partner has the right to trigger a purchase or sale of its interest in the joint venture or to initiate a purchase or sale of the properties after a certain number of years or if either party is in default of the joint venture agreements. The Company is not obligated to purchase the interests of its outside joint venture partners under these provisions. BRE DDR Retail Holdings Joint Ventures The Company’s two unconsolidated investments with The Blackstone Group L.P. (“Blackstone”), BRE DDR Retail Holdings III (“BRE DDR III”) and BRE DDR Retail Holdings IV (“BRE DDR IV” and, together with BRE DDR III, the “BRE DDR Joint Ventures”), have substantially similar terms and are summarized as follows (in millions, except properties owned): Common Equity Preferred Investment (Principal) Properties Owned Formation Initial Initial September 30, 2017 Net of Reserve Inception September 30, 2017 BRE DDR III Oct 2014 $ 19.6 $ 300.0 $ 314.5 $ 262.7 70 42 BRE DDR IV Dec 2015 12.9 82.6 67.1 58.3 6 6 $ 382.6 $ 381.6 $ 321.0 An affiliate of Blackstone is the managing member and effectively owns 95% of the common equity of each of the two BRE DDR Joint Ventures, and consolidated affiliates of DDR effectively own the remaining 5%. The Company provides leasing and property management services to all of the joint venture properties. The Company cannot be removed as the property and leasing manager until the preferred equity, as discussed below, is redeemed in full (except for certain specified events). The Company’s preferred interests are entitled to certain preferential cumulative distributions payable out of operating cash flows and certain capital proceeds pursuant to the terms and conditions of the preferred investments. The preferred distributions are recognized as Interest Income within the Company’s consolidated statements of operations and are classified as a note receivable in Investments in and Advances to Joint Ventures on the Company’s consolidated balance sheets. Blackstone has the right to defer up to 23.5% of the preferred fixed distributions as a payment in kind distribution or “PIK.” The preferred investments have an annual distribution rate of 8.5% including any deferred and unpaid preferred distributions. Blackstone has made this PIK deferral election since the formation of both joint ventures. The cash portion of the preferred fixed distributions is generally payable first out of operating cash flows and is current for both BRE DDR Joint Ventures. The Company has no expectation that the cash portion of the preferred fixed distribution will become impaired. The unpaid preferred investment (and any accrued distributions) is payable (1) at Blackstone’s option, in whole or in part, subject to early redemption premiums in certain circumstances during the first three years of the joint ventures; (2) at varying equity sharing levels with the common members under certain circumstances including specified financial covenants, upon a sale of properties over a certain threshold; (3) at DDR’s option after seven years (2021 for BRE DDR III and 2022 for BRE DDR IV); and (4) upon the incurrence of additional indebtedness by the joint ventures in excess of a certain threshold. Specifically, for BRE DDR III as of September 30, 2017, based upon the cumulative asset sales, net asset sale proceeds will be allocated at 51.9% to the preferred member. For BRE DDR IV, the preferred investment is collateralized by assets in which DDR has a 5% common equity interest for 95% of the value and by an additional three assets in which DDR has a nominal interest. The repayment of the BRE DDR IV preferred investment prior to 2022 is first subject to a remaining minimum net asset sales threshold of $4.9 million, of which $1.1 million is allocated to the preferred member. The net asset sale proceeds generated thereafter are expected to be available to repay the preferred member. In the first quarter of 2017, the Company recorded a valuation allowance on each of the BRE DDR III and BRE DDR IV preferred investment interests of $70.0 million and $6.0 million, respectively, or $76.0 million in the aggregate. The valuation allowances were triggered late in the first quarter by an increase in the estimated market capitalization rates for the underlying real estate collateral of the investments. The values of open air shopping centers anchored by big box national retailers, particularly in secondary markets, have been under increasing pressure and most recently decreased due to the continued perceived threat of internet retail competition and recent tenant bankruptcies. Several large national retailers filed for bankruptcy in March and April 2017. A majority of the shopping centers collateralizing the preferred investments are those which have been most impacted by the rising capitalization rates. These factors have also reduced the number of potential investors and well-capitalized buyers for these types of assets. The managing member of the two joint ventures exercises significant influence over the timing of asset sales. Due to the Company’s expectation regarding the likely timing of asset sales, the valuation of the Company’s investments considers how management believes a third-party market participant would value the securities in the current higher capitalization rate environment. As a result, the investments were impaired to reflect the risk that the securities are not repaid in full in advance of the Company’s redemption rights in 2021 and 2022. The Company reassessed the aggregate valuation allowance at September 30, 2017, and based upon actual timing and values of recent property sales as well as current market assumptions, the Company adjusted the allowance on each of the BRE DDR III and BRE DDR IV preferred investment interests by a reduction of $18.1 million and an increase of $2.7 million, respectively, or $15.4 million in the aggregate, resulting in a net valuation allowance of $60.6 million. The valuation allowance is recorded as Reserve/Adjustment of Preferred Equity Interests on the Company’s consolidated statements of operations. The Company will continue to monitor the investments and related valuation allowance which could be increased or decreased in future periods, as appropriate. As discussed above, the preferred 8.5% distribution rate has two components, a cash interest rate of 6.5% and an accrued PIK of 2.0%. As a result of the valuation allowances recorded, effective in March 2017, the Company no longer recognizes as interest income the 2.0% PIK (aggregating $4.5 million at September 30, 2017). Although Blackstone has the right to change its payment election, the Company expects future preferred distributions to continue to include the PIK component. The recognition of the PIK interest income will be reevaluated based upon any future adjustments to the aggregate valuation allowance, as appropriate. DDRM Properties (formerly DDR Domestic Retail Fund I) In June 2017, the Company and an affiliate of Madison International Realty (“Madison”) recapitalized a joint venture with 52 shopping centers previously owned by the Company and various partners through the DDR Domestic Retail Fund I, totaling $1.05 billion. Madison International Real Estate Liquidity Fund VI, an investment fund managed by Madison, acquired 80% of the common equity and an affiliate of the Company retained its 20% interest. This ownership structure is consistent with the structure of the joint venture prior to the recapitalization. In addition, the Company will continue to provide leasing and management services. The recapitalization included the repayment of all outstanding mortgage debt previously held by the joint venture, a majority of which was scheduled to mature in July 2017. The joint venture obtained new mortgage loan financing aggregating $706.7 million (of which the Company’s pro rata share is $141.3 million) collateralized by the 52 assets with a maturity date of July 2022, including extensions. The Company contributed $46.9 million in cash to fund its pro rata share of the recapitalization and related debt refinancing. The remaining three assets not involved in the recapitalization were distributed to the existing partners of DDR Domestic Retail Fund I at the aggregate book value of $74.0 million (of which the Company’s pro rata share was $14.8 million) and contributed to a new joint venture with the same ownership structure, DDR Manatee Liquidating Holdco I. The Company retained a 20% interest in the joint venture and will continue to provide leasing and management services. The assets in the joint venture are unencumbered. Disposition of Shopping Centers From January 1, 2017 to September 30, 2017, the BRE DDR Retail Holdings III joint venture sold eight assets for an aggregate sales price of $164.3 million and recorded a gain on sale of $30.9 million. The DDRTC Core Retail Fund joint venture sold one asset for $17.7 million. The Company’s prorate share of the aggregate gain form these sales was $2.0 million.

Acquisitions

Acquisitions	9 Months Ended
	Sep. 30, 2017
Business Combinations [Abstract]
Acquisitions	3. Acquisitions In January 2017, the Company acquired one shopping center in Chicago, Illinois, for $81.0 million. This acquisition was accounted for as an asset acquisition and the fair value was allocated as follows (in thousands): Weighted-Average Amortization Period (in Years) Land $ 23,588 N/A Buildings 35,659 (A) Tenant improvements 8,565 (A) In-place leases (including lease origination costs and fair market value of leases) 7,051 16.0 Tenant relations 6,934 16.3 Other assets 419 N/A 82,216 Less: Below-market leases (1,872 ) 20.0 Less: Other liabilities assumed (581 ) N/A Net assets acquired $ 79,763 (A) Depreciated in accordance with the Company’s policy. Total consideration for the acquisition was paid in cash. The costs related to the acquisition of this asset were capitalized to real estate assets (Note 1). Included in the Company’s consolidated statements of operations are $5.1 million in total revenues from the date of acquisition through September 30, 2017, for the acquired property.

Notes Receivable

Notes Receivable	9 Months Ended
	Sep. 30, 2017
Receivables [Abstract]
Notes Receivable	4. Notes Receivable The Company has notes receivable, including accrued interest, that are collateralized by certain rights in development projects, partnership interests, sponsor guaranties and/or real estate assets, some of which are subordinate to other financings. At September 30, 2017, the Company’s loans outstanding had maturity dates ranging from June 2019 to June 2023 at an interest rate of 9.0%. At September 30, 2017, the Company did not have any loans outstanding that were past due. The following table reconciles the loans receivable on real estate (in thousands): 2017 2016 Balance at January 1 $ 49,488 $ 41,988 Additions: New mortgage loans — 6,802 Interest 1,826 2,306 Accretion of discount 269 773 Deductions: Collections of principal and interest (A) (32,004 ) (7,090 ) Balance at September 30 $ 19,579 $ 44,779 (A) In April 2017, a loan receivable of $30.6 million with a maturity date of September 2017 was repaid in full.

Other Assets, Net

Other Assets, Net	9 Months Ended
	Sep. 30, 2017
Other Assets [Abstract]
Other Assets, Net	5. Other Assets, Net Other assets consist of the following (in thousands): September 30, 2017 December 31, 2016 Intangible assets: In-place leases, net $ 79,257 $ 99,600 Above-market leases, net 16,100 20,405 Lease origination costs 10,976 12,931 Tenant relations, net 93,153 108,662 Total intangible assets, net (A) 199,486 241,598 Other assets: Prepaid expenses (B) 18,870 26,842 Other assets 1,992 6,274 Deposits 5,766 5,965 Deferred charges, net 8,359 4,731 Total other assets, net $ 234,473 $ 285,410 (A) The Company recorded amortization expense related to its intangibles, excluding above- and below-market leases, of $14.4 million and $13.9 million for the three months ended September 30, 2017 and 2016, respectively, and $47.0 million and $54.6 million for the nine months ended September 30, 2017 and 2016, respectively.

Revolving Credit Facilities

Revolving Credit Facilities	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Revolving Credit Facilities	6. Revolving Credit Facilities The following table discloses certain information regarding the Company’s Revolving Credit Facilities (as defined below) (in millions): Carrying Value at September 30, 2017 Weighted-Average Interest Rate (A) at September 30, 2017 Maturity Date Unsecured Credit Facility $ 60.0 2.2% September 2021 PNC Facility — N/A September 2021 (A) Interest rate on variable-rate debt was calculated using the base rate and spreads in effect at September 30, 2017. In September 2017, the Company amended and restated its unsecured revolving credit facility with a syndicate of financial institutions, arranged by J.P. Morgan Chase Bank, N.A., Wells Fargo Securities, LLC, Citizens Bank, N.A., RBC Capital Markets and U.S. Bank National Association (the “Unsecured Credit Facility”). The Unsecured Credit Facility was amended to increase borrowings of up to $950 million from $750 million and to extend the maturity date to September 2021, if certain financial covenants are maintained. The amendment also provided for two six-month options to extend the maturity to September 2022 upon the Company’s request and increased the accordion feature for expansion of availability up to $1.45 billion from $1.25 billion, provided that new or existing lenders agree to the existing terms of the facility and increase their commitment level. The Unsecured Credit Facility includes a competitive bid option on periodic interest rates for up to 50% of the facility. The Unsecured Credit Facility also provides for an annual facility fee, which was 20 basis points on the entire facility at September 30, 2017. The Company also maintains a $50 million unsecured revolving credit facility with PNC Bank, National Association (the “PNC Facility” and, together with the Unsecured Credit Facility, the “Revolving Credit Facilities”). The PNC Facility was also amended in September 2017 to reflect substantially the same terms as amended in the Unsecured Credit Facility. The Company’s borrowings under the Revolving Credit Facilities bear interest at variable rates at the Company’s election, based on either LIBOR, plus a specified spread (1.0% at September 30, 2017) or the Prime Rate, as defined in the respective facility. The specified spreads vary depending on the Company’s long-term senior unsecured debt rating from Moody’s Investors Service, Inc. and S&P Global Ratings and their successors. The Company is required to comply with certain covenants under the Revolving Credit Facilities relating to total outstanding indebtedness, secured indebtedness, value of unencumbered real estate assets and fixed charge coverage. The Company was in compliance with these financial covenants at September 30, 2017.

Unsecured Indebtedness

Unsecured Indebtedness	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Unsecured Indebtedness	7. Unsecured Indebtedness Senior Notes In August 2017, the Company issued $350.0 million aggregate principal amount of 3.900% senior unsecured notes due August 2024. An effective discount of $1.0 million was recorded. Total fees, including underwriting discounts, incurred by the Company were $2.9 million. In May 2017, the Company issued $450.0 million aggregate principal amount of 4.700% senior unsecured notes due June 2027. An effective discount of $0.8 million was recorded. Total fees, including underwriting discounts, incurred by the Company were $4.0 million. In September 2017, the Company repaid all of its 7.875% senior unsecured notes due September 2020 with an aggregate principal amount outstanding of $300.0 million. In connection with the redemption of the senior unsecured notes due September 2020, the Company paid a make-whole amount of $51.2 million. In July 2017, the Company repaid all of its 4.75% senior unsecured notes due April 2018 with an aggregate principal amount outstanding of $300.0 million. In connection with the redemption of the senior unsecured notes due April 2018, the Company paid a make-whole amount of $7.3 million. These make-whole amounts are included in Other income (expense), net, in the Company’s consolidated statements of operations. Unsecured Term Loan In September 2017, the Company amended its $400 million unsecured term loan with Wells Fargo Bank, National Association, as administrative agent, and PNC Bank, National Association and KeyBank National Association, as syndication agents (the “Unsecured Term Loan”). As a result, the maturity date of $200 million of Tranche A loans under the Unsecured Term Loan was extended to January 2018, with two one-year extension options upon the Company’s request, provided certain conditions are satisfied and the maturity date for the remaining $200 million of Tranche B loans under the facility was extended to January 2023. The Company may increase the amount of the facility provided that lenders agree to certain terms. The interest rate remains unchanged at variable rates based on LIBOR as defined in the loan agreements, plus a specified spread based on the Company’s long-term senior unsecured debt rating (1.1% at September 30, 2017). Scheduled Principal Repayments The Company’s scheduled principal repayments, after reflecting the 2017 refinancings and repayments, are presented in Liquidity, Capital Resources and Financing Activities section of Management’s Discussion and Analysis included herein.

Financial Instruments and Fair

Financial Instruments and Fair Value Measurements	9 Months Ended
	Sep. 30, 2017
Fair Value Disclosures [Abstract]
Financial Instruments and Fair Value Measurements	8. Financial Instruments and Fair Value Measurements The following methods and assumptions were used by the Company in estimating fair value disclosures of financial instruments: Notes Receivable and Advances to Affiliates The fair value is estimated using a discounted cash flow analysis in which the Company uses unobservable inputs such as market interest rates determined by the loan to value and market capitalization rates related to the underlying collateral at which management believes similar loans would be made and classified as Level 3 in the fair value hierarchy. The fair value of these notes was approximately $348.7 million and $445.2 million at September 30, 2017 and December 31, 2016, respectively, as compared to the carrying amounts of $347.3 million and $443.3 million, respectively. Debt The fair market value of senior notes is determined using the trading price of the Company’s public debt. The fair market value for all other debt is estimated using a discounted cash flow technique that incorporates future contractual interest and principal payments and a market interest yield curve with adjustments for duration, optionality and risk profile, including the Company’s non-performance risk and loan to value. The Company’s senior notes and all other debt are classified as Level 2 and Level 3, respectively, in the fair value hierarchy. Considerable judgment is necessary to develop estimated fair values of financial instruments. Accordingly, the estimates presented are not necessarily indicative of the amounts the Company could realize on disposition of the financial instruments. Debt instruments with carrying values that are different than estimated fair values are summarized as follows (in thousands): September 30, 2017 December 31, 2016 Carrying Amount Fair Value Carrying Amount Fair Value Senior Notes $ 2,809,404 $ 2,896,258 $ 2,913,217 $ 3,056,896 Revolving Credit Facilities and term loans 457,858 460,782 598,242 601,131 Mortgage Indebtedness 750,269 771,052 982,509 1,012,869 $ 4,017,531 $ 4,128,092 $ 4,493,968 $ 4,670,896

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2017
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	9. Commitments and Contingencies Hurricane Casualty and Impairment Loss In September 2017, Hurricane Irma made landfall in both Puerto Rico and Florida, and Hurricane Maria made landfall in Puerto Rico. The Company’s Florida assets were minimally impacted by Hurricane Irma, with the majority of repair costs related to debris removal. At September 30, 2017, the Company owned 12 assets in Puerto Rico, aggregating 4.4 million square feet of Company-owned GLA. One of the 12 assets (Plaza Palma Real, consisting of approximately 0.4 million of Company-owned GLA) was severely damaged; it is currently not operational, except for one tenant, and is not expected to open for the foreseeable future. The other 11 assets incurred varying degrees of damage, including some tenant spaces currently untenantable. The damage consisted primarily of roof and HVAC system damage and water intrusion. As of October 31, 2017, nine of these assets had partial to full utility power and were available for occupancy by some tenants, although due to the damage, portions of these properties remain unavailable for occupancy. With respect to the Company’s anchor spaces comprising greater than 25,000 square feet of GLA in Puerto Rico, 24, or 73% of such tenants, had utility or generator power and were open as of October 31, 2017, including six of seven Walmart stores, a Sam's Club, both Home Depot stores, all three Sears/Kmart and all five grocery stores (including Pueblo, Econo and Selectos Supermarket). The Company has completed debris removal, roof repairs, interior building mitigation, repairs to building exteriors and repairs to mechanical systems to prevent further water intrusion and related damages at its Puerto Rico shopping centers and continues to assess the scope of necessary repairs. The schedule of additional repair work, as well as the ability to turn over space to tenants, is highly dependent on the full restoration of utilities at all of its shopping centers in Puerto Rico, and the availability of building materials, supplies and skilled labor. The Company does not currently know when full utility service will be restored at the shopping centers with partial or no service, or the extent of the services that will be provided in the interim, if any. As such, the Company is unable to estimate when repair work will be completed or when the remaining tenants will reopen for business. The Company maintains insurance on its assets in Puerto Rico with policy limits of approximately $330 million for both property damage and business interruption. The Company's insurance policies are subject to various terms and conditions, including a combined property damage and business interruption deductible of approximately $6.0 million. The Company expects that its casualty insurance and business interruption claims to include the costs to clean up, repair and rebuild, as well as lost revenue. The Company also expects to receive casualty insurance proceeds from certain U.S.-based anchor tenants that maintain property insurance of their Company-owned premises. The Company is unable to estimate the impact of potential increased costs associated with resource constraints in Puerto Rico relating to building materials, supplies and labor. The Company believes it maintains adequate insurance coverage on each of its properties and is working closely with the insurance carriers to obtain the maximum amount of insurance recovery provided under the policies. However, the Company can give no assurances as to the amounts of such claims, timing of payments and resolution of the claims. As of September 30, 2017, the estimated net book value of the property damage written off for damage to the Company’s Puerto Rico assets was $64.8 million. However, the Company is still assessing the impact of the hurricane on its properties, and the final net book value write-offs could vary significantly from this estimate. Any changes to this estimate will be recorded in the periods in which they are determined. The Company recorded a corresponding receivable of $59.7 million for estimated insurance recoveries related to the net book value of the property damage written off, as the Company believes it is probable that the insurance recovery, net of the deductible, will exceed the net book value of the damaged property. The receivable is recorded within Accounts Receivable on the Company’s consolidated balance sheet as of September 30, 2017. The net impact of $5.1 million representing the property damage insurance deductible is reflected as a hurricane casualty and impairment loss in the Company’s consolidated statements of operations for the three and nine months ended September 30, 2017. Based on current replacement cost estimates, insurance proceeds are expected to equal or exceed the net book value of the impacted assets; therefore, the Company does not expect to record a loss after insurance proceeds, excluding the impact of the deductible. The Company’s business interruption insurance covers lost revenue through the period of property restoration and for up to 365 days following completion of restoration. The Company recorded a reduction in rental revenues of $2.6 million for Hurricanes Irma and Maria for the three and nine months ended September 30, 2017, related to lost tenant revenue that is expected to be partially defrayed by insurance proceeds. The Company estimates the waiting period deductible for the business interruption claim to be $0.9 million for the period ended September 30, 2017. The Company will record revenue for covered business interruption in the period it determines that it is probable it will be compensated. This income recognition criteria will likely result in business interruption insurance recoveries being recorded in a period subsequent to the period that the Company experiences lost revenue from the damaged properties. In October 2017, the Company received an advance of approximately $2 million of insurance proceeds related to business interruption insurance claims. This advance has not been reflected in the third-quarter financial statements because it was received after the end of the period. At September 30, 2017, six of the Puerto Rico assets were encumbered by mortgage notes aggregating $264.8 million at a weighted-average interest rate of 4.9%. The Company has contacted the mortgage holders and is complying with all lender requirements and mortgage covenants. Accrued Expense The Company recorded separation charges aggregating $16.6 million for the nine months ended September 30, 2017. The aggregate charge included $9.4 million related to the March 2, 2017, executive management transition, which was the result of the termination without cause of several of the Company’s executives under the terms of their respective employment agreements. The remaining $7.2 million related to the elimination of 65 positions, including nine officer level roles, in April 2017 as part of organization changes to further centralize key operational decision-making. The total nine-month charge included stock-based compensation expense of approximately $4.5 million related to the acceleration of expense associated with the grant date fair value of the unvested stock-based awards. At September 30, 2017, approximately $1.4 million was included in accounts payable and accrued expenses related to the aggregate charges in the Company’s consolidated balance sheet.

Equity

Equity	9 Months Ended
	Sep. 30, 2017
Equity [Abstract]
Equity	10. Equity In June 2017, the Company issued $175.0 million aggregate liquidation preference of its newly designated 6.375% Class A cumulative redeemable preferred shares at a price of $500.00 per share (or $25.00 per depositary share) and incurred $6.1 million in issuance costs reflected in paid-in capital.

Other Comprehensive Loss

Other Comprehensive Loss	9 Months Ended
	Sep. 30, 2017
Equity [Abstract]
Other Comprehensive Loss	11 . Other Comprehensive Loss The changes in accumulated other comprehensive loss by component are as follows (in thousands): Gains on Cash Flow Hedges Foreign Currency Items Total Balance, December 31, 2016 $ (3,930 ) $ (262 ) $ (4,192 ) Other comprehensive income before reclassifications 995 1,014 2,009 Change in cash flow hedges reclassed to earnings (A) 712 — 712 Net current-period other comprehensive income 1,707 1,014 2,721 Balance, September 30, 2017 $ (2,223 ) $ 752 $ (1,471 ) (A) Includes amortization classified in Interest Expense of $0.7 million in the Company’s consolidated statement of operations for the nine months ended September 30, 2017, which was previously recognized in accumulated other comprehensive loss.

Impairment Charges and Reserves

Impairment Charges and Reserves	9 Months Ended
	Sep. 30, 2017
Asset Impairment Charges [Abstract]
Impairment Charges and Reserves	12 . Impairment Charges and Reserves In 2017, the Company recorded impairment charges and reserves based on the difference between the carrying value of the assets or investments and the estimated fair market value as follows (in millions): Three Months Nine Months Ended September 30, Ended September 30, 2017 2016 2017 2016 Assets marketed for sale (A) $ 8.5 $ 104.9 $ 49.5 $ 104.9 Undeveloped land previously held for development (A) 1.8 — 10.9 — Total continuing operations $ 10.3 $ 104.9 $ 60.4 $ 104.9 (Adjustment) reserve of preferred equity interests (B) (15.4 ) — 60.6 — Total impairment charges $ (5.1 ) $ 104.9 $ 121.0 $ 104.9 (A) Triggered by changes in asset hold-period assumptions and/or expected future cash flows. (B) As a result of an aggregate valuation allowance on its preferred equity interests in the BRE DDR Joint Ventures (Note 2). Items Measured at Fair Value on a Non-Recurring Basis The Company is required to assess the fair value of certain impaired consolidated and unconsolidated joint venture investments. The valuation of impaired real estate assets and investments is determined using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of each asset, as well as the income capitalization approach considering prevailing market capitalization rates, analysis of recent comparable sales transactions, actual sales negotiations and bona fide purchase offers received from third parties and/or consideration of the amount that currently would be required to replace the asset, as adjusted for obsolescence. In general, the Company considers multiple valuation techniques when measuring fair value of an investment. However, in certain circumstances, a single valuation technique may be appropriate. For operational real estate assets, the significant valuation assumptions included the capitalization rate used in the income capitalization valuation as well as the projected property net operating income. For projects under development or not at stabilization, the significant valuation assumptions included the discount rate, the timing and the estimated costs for the construction completion and project stabilization, projected net operating income and the exit capitalization rate. For the valuation of the preferred equity interests, the significant assumptions used in the discounted cash flow analysis included the discount rate, projected net operating income, the timing of the expected redemption and the exit capitalization rates. These valuations were calculated based on market conditions and assumptions made by management at the time the valuation adjustments and impairments were recorded, which may differ materially from actual results if market conditions or the underlying assumptions change. The following table presents information about the Company’s impairment charges on both financial and nonfinancial assets that were measured on a fair value basis for the nine months ended September 30, 2017. The table also indicates the fair value hierarchy of the valuation techniques used by the Company to determine such fair value (in millions). Fair Value Measurements Level 1 Level 2 Level 3 Total Total Losses September 30, 2017 Long-lived assets held and used $ — $ — $ 141.0 $ 141.0 $ 60.4 Preferred equity interests — — 327.3 327.3 60.6 The following table presents quantitative information about the significant unobservable inputs used by the Company to determine the fair value of non-recurring items (in millions, except price per acre (in thousands)): Quantitative Information about Level 3 Fair Value Measurements Fair Value at Range Description September 30, 2017 Valuation Technique Unobservable Inputs 2017 Impairment of consolidated assets $ 44.1 Indicative Bid (A) Contracted Price Indicative Bid (A) Contracted Price N/A 74.7 Income Capitalization Approach/ Sales Comparison Approach Market Capitalization Rate 9.75%–10% 14.8 Discounted Cash Flow Discount Rate 9% Terminal Capitalization Rate 10% 7.4 Sales Comparison Approach Price per Acre $50–$218 Reserve of preferred equity interests 327.3 Discounted Cash Flow Discount Rate 8.2%–8.8% Terminal Capitalization Rate 4.6%–11.2% NOI Growth Rate 1% (A) Fair value measurements based upon indicative bids were developed by third-party sources (including offers and comparable sales values), subject to the Company’s corroboration for reasonableness. The Company does not have access to certain unobservable inputs used by these third parties to determine these estimated fair values.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Earnings Per Share	13. Earnings Per Share The following table provides a reconciliation of net (loss) income from continuing operations and the number of common shares used in the computations of “basic” earnings per share (“EPS”), which utilizes the weighted-average number of common shares outstanding without regard to dilutive potential common shares, and “diluted” EPS, which includes all such shares (in thousands, except per share amounts): Three Months Nine Months Ended September 30, Ended September 30, 2017 2016 2017 2016 Numerators – Basic and Diluted Loss from continuing operations $ (43,060 ) $ (81,444 ) $ (149,936 ) $ (20,305 ) Plus: Gain on disposition of real estate 44,291 21,368 127,017 47,470 Plus: Income attributable to non-controlling interests (248 ) (284 ) (728 ) (894 ) Less: Preferred dividends (8,383 ) (5,594 ) (20,376 ) (16,781 ) Less: Earnings attributable to unvested shares and operating partnership units (241 ) (167 ) (743 ) (581 ) Net (loss) income attributable to common shareholders after allocation to participating securities $ (7,641 ) $ (66,121 ) $ (44,766 ) $ 8,909 Denominators – Number of Shares Basic — 367,686 365,508 367,039 365,062 Effect of dilutive securities — — — — 320 Diluted — 367,686 365,508 367,039 365,382 (Loss) Earnings Per Share: Basic $ (0.02 ) $ (0.18 ) $ (0.12 ) $ 0.02 Diluted $ (0.02 ) $ (0.18 ) $ (0.12 ) $ 0.02 Shares subject to issuance under the Company’s 2016 VSEP were not considered in the computation of diluted EPS for the three and nine months ended September 30, 2017 and 2016, as the calculation was anti-dilutive.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2017
Segment Reporting [Abstract]
Segment Information	14. Segment Information The tables below present information about the Company’s reportable operating segments (in thousands): Three Months Ended September 30, 2017 Shopping Centers Loan Investments Other Total Total revenues $ 227,409 $ 15 $ 227,424 Rental operation expenses (59,571 ) 3 (59,568 ) Net operating income 167,838 18 167,856 Impairment charges (10,284 ) (10,284 ) Depreciation and amortization (85,210 ) (85,210 ) Interest income 6,807 6,807 Other income (expense), net $ (64,340 ) (64,340 ) Unallocated expenses (A) (71,988 ) (71,988 ) Hurricane casualty and impairment loss (6,089 ) (6,089 ) Equity in net income of joint ventures 4,811 4,811 Adjustment of preferred equity interests 15,377 15,377 Loss from continuing operations $ (43,060 ) Three Months Ended September 30, 2016 Shopping Centers Loan Investments Other Total Total revenues $ 253,787 $ 13 $ 253,800 Rental operation expenses (68,107 ) (62 ) (68,169 ) Net operating income (loss) 185,680 (49 ) 185,631 Impairment charges (104,877 ) (104,877 ) Depreciation and amortization (95,451 ) (95,451 ) Interest income 9,304 9,304 Other income (expense), net $ (384 ) (384 ) Unallocated expenses (A) (73,123 ) (73,123 ) Equity in net loss of joint ventures (1,457 ) (1,457 ) Loss on sale and change in control of interests, net (1,087 ) (1,087 ) Loss from continuing operations $ (81,444 ) Nine Months Ended September 30, 2017 Shopping Centers Loan Investments Other Total Total revenues $ 703,989 $ 43 $ 704,032 Rental operation expenses (192,772 ) (10 ) (192,782 ) Net operating income 511,217 33 511,250 Impairment charges (60,353 ) (60,353 ) Depreciation and amortization (266,370 ) (266,370 ) Interest income 22,365 22,365 Other income (expense), net $ (65,298 ) (65,298 ) Unallocated expenses (A) (227,247 ) (227,247 ) Hurricane casualty and impairment loss (6,089 ) (6,089 ) Equity in net income of joint ventures 2,429 2,429 Reserve of preferred equity interests (60,623 ) (60,623 ) Loss from continuing operations $ (149,936 ) As of September 30, 2017: Total gross real estate assets $ 8,697,077 $ 8,697,077 Notes receivable, net (B) $ 346,888 $ (327,297 ) $ 19,591 Nine Months Ended September 30, 2016 Shopping Centers Loan Investments Other Total Total revenues $ 765,514 $ 30 $ 765,544 Rental operation expenses (212,857 ) (218 ) (213,075 ) Net operating income (loss) 552,657 (188 ) 552,469 Impairment charges (104,877 ) (104,877 ) Depreciation and amortization (290,051 ) (290,051 ) Interest income 27,800 27,800 Other income (expense), net $ 3,470 3,470 Unallocated expenses (A) (222,110 ) (222,110 ) Equity in net income of joint ventures 14,081 14,081 Loss on sale and change in control of interests, net (1,087 ) (1,087 ) Loss from continuing operations $ (20,305 ) As of September 30, 2016: Total gross real estate assets $ 9,911,432 $ 9,911,432 Notes receivable, net (B) $ 447,070 $ (402,247 ) $ 44,823 (A) Unallocated expenses consist of General and Administrative Expenses, Interest Expense and Tax Expense as listed in the Company’s consolidated statements of operations. (B) Amount includes loans to affiliates classified in Investments in and Advances to Joint Ventures on the Company’s consolidated balance sheets.

Nature of Business and Financ22

Nature of Business and Financial Statement Presentation (Policies)	9 Months Ended
	Sep. 30, 2017
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Nature of Business	Nature of Business DDR Corp. and its related consolidated real estate subsidiaries (collectively, the “Company” or “DDR”) and unconsolidated joint ventures are primarily engaged in the business of acquiring, owning, developing, redeveloping, expanding, leasing, financing and managing shopping centers. Unless otherwise provided, references herein to the Company or DDR include DDR Corp. and its wholly-owned subsidiaries and consolidated joint ventures. The Company’s tenant base primarily includes national and regional retail chains and local retailers. Consequently, the Company’s credit risk is concentrated in the retail industry.
Use of Estimates in Preparation of Financial Statements	Use of Estimates in Preparation of Financial Statements The preparation of financial statements in conformity with generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities and the reported amounts of revenues and expenses during the year. Actual results could differ from those estimates.
Reclassifications	Reclassifications Certain reclassifications have been made to the Company’s 2016 financial statements to conform to the 2017 presentation.
Unaudited Interim Financial Statements	Unaudited Interim Financial Statements These financial statements have been prepared by the Company in accordance with GAAP for interim financial information and the applicable rules and regulations of the Securities and Exchange Commission. Accordingly, they do not include all information and footnotes required by GAAP for complete financial statements. However, in the opinion of management, the interim financial statements include all adjustments, consisting of only normal recurring adjustments, necessary for a fair statement of the results of the periods presented. The results of operations for the three and nine months ended September 30, 2017 and 2016, are not necessarily indicative of the results that may be expected for the full year. These condensed consolidated financial statements should be read in conjunction with the Company’s audited financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016 .
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the results of the Company and all entities in which the Company has a controlling interest or has been determined to be the primary beneficiary of a variable interest entity (“VIE”). All significant inter-company balances and transactions have been eliminated in consolidation. Investments in real estate joint ventures in which the Company has the ability to exercise significant influence, but does not have financial or operating control, are accounted for using the equity method of accounting. Accordingly, the Company’s share of the earnings (or loss) of these joint ventures is included in consolidated net income (loss). The Company has two unconsolidated joint ventures included in the Company’s joint venture investments that are considered VIEs for which the Company is not the primary beneficiary. The Company’s maximum exposure to losses associated with these VIEs is limited to its aggregate investment, which was $334.0 million and $405.4 million as of September 30, 2017 and December 31, 2016, respectively. Statements of Cash Flows and Supplemental Disclosure of Non-Cash Investing and Financing Information Non-cash investing and financing activities are summarized as follows (in millions): Nine Months Ended September 30, 2017 2016 Accounts payable related to construction in progress $ 11.4 $ 15.8 Assumption of buildings due to lease termination 8.6 — Receivable and reduction of real estate assets, net related to hurricane casualty 59.7 — Dividends declared 78.4 75.2 Common Shares The Company declared common share dividends of $0.19 per share and $0.57 per share for both the three and nine months ended September 30, 2017 and 2016, respectively. Fee and Other Income Fee and other income was composed of the following (in thousands): Three Months Nine Months Ended September 30, Ended September 30, 2017 2016 2017 2016 Management and other fee income $ 7,291 $ 8,562 $ 25,517 $ 28,205 Ancillary and other property income 4,428 4,761 13,421 13,378 Lease termination fees 9,380 1,684 10,188 3,129 Other 16 13 114 56 Total fee and other income $ 21,115 $ 15,020 $ 49,240 $ 44,768
New Accounting Standards Adopted and to Be Adopted	New Accounting Standards Adopted Business Combinations In September 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2015-16, Business Combinations (Topic 805) have an adjustment to provisional amounts recognized. The guidance requires that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. Any adjustments should be calculated as if the accounting had been completed at the acquisition date. The guidance is effective for public companies for fiscal years beginning after December 15, 2016. In addition, in January 2017, the FASB issued ASU No. 2017-01, Business Combinations (Topic 805) - Clarifying the Definition of a Business . ASU No. 2017-01 clarifies the definition and provides a more robust framework to use in determining when a set of assets and activities constitutes a business. ASU No. 2017-01 is intended to provide guidance when evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The guidance is effective for public companies for fiscal years beginning after December 15, 2017. Early adoption is permitted for both standards. Application of the guidance is prospective. The Company adopted the standards effective January 1, 2017, with respect to its asset acquisitions. Under these new standards, the Company’s purchase of a shopping center is expected to be classified as an acquisition of an asset and not classified as an acquisition of a business. Transaction costs from the acquisition of a business are expensed as incurred, in contrast to transaction costs from the acquisition of an asset, which are capitalized to real estate assets upon acquisition. As a result of these new standards, the majority of the transaction costs incurred related to the acquisition of shopping centers are capitalized to real estate assets (Note This change did not have a material impact on the Company’s financial statements. Statement of Cash Flows In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments. Statement of Cash Flows (Topic 230: Restricted Cash The Company adopted the updated standards effective January 1, 2017. The adoption of these standards modified the Company's 2017 presentation of certain activities within the consolidated statements of cash flows and related disclosures. New Accounting Standards to Be Adopted Revenue Recognition In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers Most significantly for the real estate industry, leasing transactions are not within the scope of the new standard. A majority of the Company’s tenant-related revenue is recognized pursuant to lease agreements and will be governed by the recently issued leasing guidance discussed below. The Company completed its assessment of ASU No. 2014-09 and has concluded that the guidance will not have a material impact on the method of revenue recognition, excluding tenant-related revenue with respect to leasing transactions. The Company anticipates that upon adoption of ASU No. 2014-09, the recognition of lease commission income earned pursuant to its management agreements with unconsolidated joint ventures most likely will be accelerated into an earlier quarter than recognized in current GAAP. The majority of the Company’s lease commission income is recognized 50% upon lease execution and 50% upon tenant rent commencement. Under the new standard, the Company anticipates that a lease commission will be recognized in its entirety upon lease execution. This revenue is not considered material to the Company’s consolidated financial statements. Accounting for Leases In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). Leases The Company is in the process of evaluating the impact that the adoption of ASU No. 2016-02 will have on its consolidated financial statements and disclosures. The Company has currently identified several areas within its accounting policies it believes could be impacted by the new standard. The Company may have a change in presentation on its consolidated statement of operations with regards to Recoveries from Tenants, which includes reimbursements from tenants for certain operating expenses, real estate taxes and insurance. Tenant expense reimbursements with a service obligation are not covered within the scope of ASU No. 2016-02. The Company also has certain lease arrangements with its tenants for space at its shopping centers in which the contractual amounts due under the lease by the lessee are not allocated between the rental and expense reimbursement components (“Gross Leases”). The aggregate revenue earned under Gross Leases is presented as Minimum Rents in the consolidated statements of operations. As a result, the Company anticipates it will be required to bifurcate the presentation of certain expense reimbursements as well as allocate the fair value of the embedded revenue associated with these reimbursements for Gross Leases, which represent an immaterial portion of the Company’s lease portfolio, and separately present such amounts in its consolidated statements of operations based upon materiality. The Company intends to adopt the practicable expedient method in applying this standard to Gross Leases entered into or modified after the effective date of the standard. In addition, the Company has ground lease agreements in which the Company is the lessee for land underneath all or a portion of the buildings at five shopping centers. Currently, the Company accounts for these arrangements as operating leases. Under the new standard, the Company will record its rights and obligations under these leases as an asset and liability on its consolidated balance sheets. The Company is currently in the process of evaluating the inputs required to calculate the amount that will be recorded on its balance sheet for each ground lease. Lastly, this standard impacts the lessor’s ability to capitalize costs related to the leasing of vacant space. However, the Company does not believe this change regarding capitalization will have a material impact on its consolidated financial statements.

Nature of Business and Financ23

Nature of Business and Financial Statement Presentation (Tables)	9 Months Ended
	Sep. 30, 2017
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Non-cash Investing and Financing Activities	Non-cash investing and financing activities are summarized as follows (in millions): Nine Months Ended September 30, 2017 2016 Accounts payable related to construction in progress $ 11.4 $ 15.8 Assumption of buildings due to lease termination 8.6 — Receivable and reduction of real estate assets, net related to hurricane casualty 59.7 — Dividends declared 78.4 75.2
Schedule of Fee and Other Income	Fee and other income was composed of the following (in thousands): Three Months Nine Months Ended September 30, Ended September 30, 2017 2016 2017 2016 Management and other fee income $ 7,291 $ 8,562 $ 25,517 $ 28,205 Ancillary and other property income 4,428 4,761 13,421 13,378 Lease termination fees 9,380 1,684 10,188 3,129 Other 16 13 114 56 Total fee and other income $ 21,115 $ 15,020 $ 49,240 $ 44,768

Investments in and Advances t24

Investments in and Advances to Joint Ventures (Tables)	9 Months Ended
	Sep. 30, 2017
Schedule Of Equity Method Investments [Line Items]
Service Fees and Income Earned by Company	Service fees and income earned by the Company through management, financing, leasing and development activities performed related to all of the Company’s unconsolidated joint ventures are as follows (in millions): Three Months Nine Months Ended September 30, Ended September 30, 2017 2016 2017 2016 Management and other fees $ 5.3 $ 6.3 $ 18.9 $ 22.2 Interest income 6.3 8.4 20.1 25.0 Development fees and leasing commissions 1.8 2.2 6.2 5.9
Summary of Terms For Unconsolidated Joint Ventures Investments	The Company’s two unconsolidated investments with The Blackstone Group L.P. (“Blackstone”), BRE DDR Retail Holdings III (“BRE DDR III”) and BRE DDR Retail Holdings IV (“BRE DDR IV” and, together with BRE DDR III, the “BRE DDR Joint Ventures”), have substantially similar terms and are summarized as follows (in millions, except properties owned): Common Equity Preferred Investment (Principal) Properties Owned Formation Initial Initial September 30, 2017 Net of Reserve Inception September 30, 2017 BRE DDR III Oct 2014 $ 19.6 $ 300.0 $ 314.5 $ 262.7 70 42 BRE DDR IV Dec 2015 12.9 82.6 67.1 58.3 6 6 $ 382.6 $ 381.6 $ 321.0
Unconsolidated Joint Ventures [Member]
Schedule Of Equity Method Investments [Line Items]
Condensed Combined Financial Information of Company's Unconsolidated Joint Venture Investments	Condensed combined financial information of the Company’s unconsolidated joint venture investments is as follows (in thousands): September 30, 2017 December 31, 2016 Condensed Combined Balance Sheets Land $ 1,250,276 $ 1,287,675 Buildings 3,238,956 3,376,720 Fixtures and tenant improvements 212,529 203,824 4,701,761 4,868,219 Less: Accumulated depreciation (957,207 ) (884,356 ) 3,744,554 3,983,863 Construction in progress and land 56,381 56,983 Real estate, net 3,800,935 4,040,846 Cash and restricted cash 117,211 50,378 Receivables, net 53,199 50,685 Other assets, net 205,436 248,664 $ 4,176,781 $ 4,390,573 Mortgage debt $ 2,698,105 $ 3,034,399 Notes and accrued interest payable to the Company 2,626 1,584 Other liabilities 195,817 206,949 2,896,548 3,242,932 Redeemable preferred equity – 392,479 393,338 Accumulated equity 887,754 754,303 $ 4,176,781 $ 4,390,573 Company's share of accumulated equity $ 134,001 $ 97,977 Redeemable preferred equity, net 327,309 393,338 Basis differentials (26,103 ) (36,117 ) Deferred development fees, net of portion related to the Company's interest (2,881 ) (2,651 ) Amounts payable to the Company 2,626 1,584 Investments in and Advances to Joint Ventures, net $ 434,952 $ 454,131
Condensed Combined Statements of Operations of Unconsolidated Joint Venture Investments	Three Months Nine Months Ended September 30, Ended September 30, 2017 2016 2017 2016 Condensed Combined Statements of Operations Revenues from operations $ 126,992 $ 127,676 $ 380,568 $ 384,476 Expenses from operations: Operating expenses 36,041 35,547 110,400 110,176 Impairment charges 2,160 13,598 82,667 13,598 Depreciation and amortization 45,291 47,955 137,976 146,011 Interest expense 24,276 33,567 83,410 100,208 Preferred share expense 8,307 8,438 24,674 25,007 Other (income) expense, net 6,577 5,829 22,204 17,959 122,652 144,934 461,331 412,959 Income (loss) from continuing operations 4,340 (17,258 ) (80,763 ) (28,483 ) Gain on disposition of real estate, net 31,740 658 30,764 54,255 Net income (loss) attributable to unconsolidated joint ventures $ 36,080 $ (16,600 ) $ (49,999 ) $ 25,772 Company's share of equity in net income (loss) of joint ventures $ 3,819 $ (1,755 ) $ (2,570 ) $ 10,336 Basis differential adjustments (A) 992 298 4,999 3,745 Equity in net income (loss) of joint ventures $ 4,811 $ (1,457 ) $ 2,429 $ 14,081 (A) The difference between the Company’s share of net income (loss), as reported above, and the amounts included in the Company’s consolidated statements of operations is attributable to the amortization of basis differentials, unrecognized preferred PIK, the recognition of deferred gains, differences in gain (loss) on sale of certain assets recognized due to the basis differentials and other than temporary impairment charges.

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2017
Business Combinations [Abstract]
Schedule of Acquisition Cost of Shopping Centers	This acquisition was accounted for as an asset acquisition and the fair value was allocated as follows (in thousands): Weighted-Average Amortization Period (in Years) Land $ 23,588 N/A Buildings 35,659 (A) Tenant improvements 8,565 (A) In-place leases (including lease origination costs and fair market value of leases) 7,051 16.0 Tenant relations 6,934 16.3 Other assets 419 N/A 82,216 Less: Below-market leases (1,872 ) 20.0 Less: Other liabilities assumed (581 ) N/A Net assets acquired $ 79,763 (A) Depreciated in accordance with the Company’s policy.

Notes Receivable (Tables)

Notes Receivable (Tables)	9 Months Ended
	Sep. 30, 2017
Receivables [Abstract]
Loans Receivable on Real Estate	The following table reconciles the loans receivable on real estate (in thousands): 2017 2016 Balance at January 1 $ 49,488 $ 41,988 Additions: New mortgage loans — 6,802 Interest 1,826 2,306 Accretion of discount 269 773 Deductions: Collections of principal and interest (A) (32,004 ) (7,090 ) Balance at September 30 $ 19,579 $ 44,779 1. In April 2017, a loan receivable of $30.6 million with a maturity date of September 2017 was repaid in full.

Other Assets, Net (Tables)

Other Assets, Net (Tables)	9 Months Ended
	Sep. 30, 2017
Other Assets [Abstract]
Components of Other Assets	Other assets consist of the following (in thousands): September 30, 2017 December 31, 2016 Intangible assets: In-place leases, net $ 79,257 $ 99,600 Above-market leases, net 16,100 20,405 Lease origination costs 10,976 12,931 Tenant relations, net 93,153 108,662 Total intangible assets, net (A) 199,486 241,598 Other assets: Prepaid expenses (B) 18,870 26,842 Other assets 1,992 6,274 Deposits 5,766 5,965 Deferred charges, net 8,359 4,731 Total other assets, net $ 234,473 $ 285,410 (A) The Company recorded amortization expense related to its intangibles, excluding above- and below-market leases, of $14.4 million and $13.9 million for the three months ended September 30, 2017 and 2016, respectively, and $47.0 million and $54.6 million for the nine months ended September 30, 2017 and 2016, respectively.

Revolving Credit Facilities (Ta

Revolving Credit Facilities (Tables)	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Information Regarding Company's Revolving Credit Facilities	The following table discloses certain information regarding the Company’s Revolving Credit Facilities (as defined below) (in millions): Carrying Value at September 30, 2017 Weighted-Average Interest Rate (A) at September 30, 2017 Maturity Date Unsecured Credit Facility $ 60.0 2.2% September 2021 PNC Facility — N/A September 2021 (A) Interest rate on variable-rate debt was calculated using the base rate and spreads in effect at September 30, 2017.

Financial Instruments and Fai29

Financial Instruments and Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2017
Fair Value Disclosures [Abstract]
Debt Instruments with Carrying Values Different than Estimated Fair Values	Debt instruments with carrying values that are different than estimated fair values are summarized as follows (in thousands): September 30, 2017 December 31, 2016 Carrying Amount Fair Value Carrying Amount Fair Value Senior Notes $ 2,809,404 $ 2,896,258 $ 2,913,217 $ 3,056,896 Revolving Credit Facilities and term loans 457,858 460,782 598,242 601,131 Mortgage Indebtedness 750,269 771,052 982,509 1,012,869 $ 4,017,531 $ 4,128,092 $ 4,493,968 $ 4,670,896

Other Comprehensive Loss (Table

Other Comprehensive Loss (Tables)	9 Months Ended
	Sep. 30, 2017
Equity [Abstract]
Changes in Accumulated Other Comprehensive Loss by Component	The changes in accumulated other comprehensive loss by component are as follows (in thousands): Gains on Cash Flow Hedges Foreign Currency Items Total Balance, December 31, 2016 $ (3,930 ) $ (262 ) $ (4,192 ) Other comprehensive income before reclassifications 995 1,014 2,009 Change in cash flow hedges reclassed to earnings (A) 712 — 712 Net current-period other comprehensive income 1,707 1,014 2,721 Balance, September 30, 2017 $ (2,223 ) $ 752 $ (1,471 ) (A) Includes amortization classified in Interest Expense of $0.7 million in the Company’s consolidated statement of operations for the nine months ended September 30, 2017, which was previously recognized in accumulated other comprehensive loss.

Impairment Charges and Reserv31

Impairment Charges and Reserves (Tables)	9 Months Ended
	Sep. 30, 2017
Asset Impairment Charges [Abstract]
Impairment Charges and Reserves on Assets or Investments	In 2017, the Company recorded impairment charges and reserves based on the difference between the carrying value of the assets or investments and the estimated fair market value as follows (in millions): Three Months Nine Months Ended September 30, Ended September 30, 2017 2016 2017 2016 Assets marketed for sale (A) $ 8.5 $ 104.9 $ 49.5 $ 104.9 Undeveloped land previously held for development (A) 1.8 — 10.9 — Total continuing operations $ 10.3 $ 104.9 $ 60.4 $ 104.9 (Adjustment) reserve of preferred equity interests (B) (15.4 ) — 60.6 — Total impairment charges $ (5.1 ) $ 104.9 $ 121.0 $ 104.9 (A) Triggered by changes in asset hold-period assumptions and/or expected future cash flows. (B) As a result of an aggregate valuation allowance on its preferred equity interests in the BRE DDR Joint Ventures (Note 2).
Impairment Charges Measured at Fair Value on Non-Recurring Basis	The following table presents information about the Company’s impairment charges on both financial and nonfinancial assets that were measured on a fair value basis for the nine months ended September 30, 2017. The table also indicates the fair value hierarchy of the valuation techniques used by the Company to determine such fair value (in millions). Fair Value Measurements Level 1 Level 2 Level 3 Total Total Losses September 30, 2017 Long-lived assets held and used $ — $ — $ 141.0 $ 141.0 $ 60.4 Preferred equity interests — — 327.3 327.3 60.6
Summary of Significant Unobservable Inputs	The following table presents quantitative information about the significant unobservable inputs used by the Company to determine the fair value of non-recurring items (in millions, except price per acre (in thousands)): Quantitative Information about Level 3 Fair Value Measurements Fair Value at Range Description September 30, 2017 Valuation Technique Unobservable Inputs 2017 Impairment of consolidated assets $ 44.1 Indicative Bid (A) Contracted Price Indicative Bid (A) Contracted Price N/A 74.7 Income Capitalization Approach/ Sales Comparison Approach Market Capitalization Rate 9.75%–10% 14.8 Discounted Cash Flow Discount Rate 9% Terminal Capitalization Rate 10% 7.4 Sales Comparison Approach Price per Acre $50–$218 Reserve of preferred equity interests 327.3 Discounted Cash Flow Discount Rate 8.2%–8.8% Terminal Capitalization Rate 4.6%–11.2% NOI Growth Rate 1% (A) Fair value measurements based upon indicative bids were developed by third-party sources (including offers and comparable sales values), subject to the Company’s corroboration for reasonableness. The Company does not have access to certain unobservable inputs used by these third parties to determine these estimated fair values.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Computation of Company's Earnings Per Share (EPS) and Reconciliation of Net (Loss) Income from Continuing Operations and Number of Common Shares Used in Computations of "Basic" EPS and "Diluted" EPS	The following table provides a reconciliation of net (loss) income from continuing operations and the number of common shares used in the computations of “basic” earnings per share (“EPS”), which utilizes the weighted-average number of common shares outstanding without regard to dilutive potential common shares, and “diluted” EPS, which includes all such shares (in thousands, except per share amounts): Three Months Nine Months Ended September 30, Ended September 30, 2017 2016 2017 2016 Numerators – Basic and Diluted Loss from continuing operations $ (43,060 ) $ (81,444 ) $ (149,936 ) $ (20,305 ) Plus: Gain on disposition of real estate 44,291 21,368 127,017 47,470 Plus: Income attributable to non-controlling interests (248 ) (284 ) (728 ) (894 ) Less: Preferred dividends (8,383 ) (5,594 ) (20,376 ) (16,781 ) Less: Earnings attributable to unvested shares and operating partnership units (241 ) (167 ) (743 ) (581 ) Net (loss) income attributable to common shareholders after allocation to participating securities $ (7,641 ) $ (66,121 ) $ (44,766 ) $ 8,909 Denominators – Number of Shares Basic — 367,686 365,508 367,039 365,062 Effect of dilutive securities — — — — 320 Diluted — 367,686 365,508 367,039 365,382 (Loss) Earnings Per Share: Basic $ (0.02 ) $ (0.18 ) $ (0.12 ) $ 0.02 Diluted $ (0.02 ) $ (0.18 ) $ (0.12 ) $ 0.02

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2017
Segment Reporting [Abstract]
Summary of Information about Company's Reportable Operating Segments	The tables below present information about the Company’s reportable operating segments (in thousands): Three Months Ended September 30, 2017 Shopping Centers Loan Investments Other Total Total revenues $ 227,409 $ 15 $ 227,424 Rental operation expenses (59,571 ) 3 (59,568 ) Net operating income 167,838 18 167,856 Impairment charges (10,284 ) (10,284 ) Depreciation and amortization (85,210 ) (85,210 ) Interest income 6,807 6,807 Other income (expense), net $ (64,340 ) (64,340 ) Unallocated expenses (A) (71,988 ) (71,988 ) Hurricane casualty and impairment loss (6,089 ) (6,089 ) Equity in net income of joint ventures 4,811 4,811 Adjustment of preferred equity interests 15,377 15,377 Loss from continuing operations $ (43,060 ) Three Months Ended September 30, 2016 Shopping Centers Loan Investments Other Total Total revenues $ 253,787 $ 13 $ 253,800 Rental operation expenses (68,107 ) (62 ) (68,169 ) Net operating income (loss) 185,680 (49 ) 185,631 Impairment charges (104,877 ) (104,877 ) Depreciation and amortization (95,451 ) (95,451 ) Interest income 9,304 9,304 Other income (expense), net $ (384 ) (384 ) Unallocated expenses (A) (73,123 ) (73,123 ) Equity in net loss of joint ventures (1,457 ) (1,457 ) Loss on sale and change in control of interests, net (1,087 ) (1,087 ) Loss from continuing operations $ (81,444 ) Nine Months Ended September 30, 2017 Shopping Centers Loan Investments Other Total Total revenues $ 703,989 $ 43 $ 704,032 Rental operation expenses (192,772 ) (10 ) (192,782 ) Net operating income 511,217 33 511,250 Impairment charges (60,353 ) (60,353 ) Depreciation and amortization (266,370 ) (266,370 ) Interest income 22,365 22,365 Other income (expense), net $ (65,298 ) (65,298 ) Unallocated expenses (A) (227,247 ) (227,247 ) Hurricane casualty and impairment loss (6,089 ) (6,089 ) Equity in net income of joint ventures 2,429 2,429 Reserve of preferred equity interests (60,623 ) (60,623 ) Loss from continuing operations $ (149,936 ) As of September 30, 2017: Total gross real estate assets $ 8,697,077 $ 8,697,077 Notes receivable, net (B) $ 346,888 $ (327,297 ) $ 19,591 Nine Months Ended September 30, 2016 Shopping Centers Loan Investments Other Total Total revenues $ 765,514 $ 30 $ 765,544 Rental operation expenses (212,857 ) (218 ) (213,075 ) Net operating income (loss) 552,657 (188 ) 552,469 Impairment charges (104,877 ) (104,877 ) Depreciation and amortization (290,051 ) (290,051 ) Interest income 27,800 27,800 Other income (expense), net $ 3,470 3,470 Unallocated expenses (A) (222,110 ) (222,110 ) Equity in net income of joint ventures 14,081 14,081 Loss on sale and change in control of interests, net (1,087 ) (1,087 ) Loss from continuing operations $ (20,305 ) As of September 30, 2016: Total gross real estate assets $ 9,911,432 $ 9,911,432 Notes receivable, net (B) $ 447,070 $ (402,247 ) $ 44,823 (A) Unallocated expenses consist of General and Administrative Expenses, Interest Expense and Tax Expense as listed in the Company’s consolidated statements of operations. (B) Amount includes loans to affiliates classified in Investments in and Advances to Joint Ventures on the Company’s consolidated balance sheets.

Nature of Business and Financ34

Nature of Business and Financial Statement Presentation - Additional Information (Detail) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017USD ($)$ / shares	Sep. 30, 2016$ / shares	Sep. 30, 2017USD ($)JointVenture$ / shares	Sep. 30, 2016$ / shares	Dec. 31, 2016USD ($)
Nature Of Business And Financial Statement Presentation [Line Items]
Maximum exposure to losses associated with VIEs | $	$ 334		$ 334		$ 405.4
Common share dividends declared per share | $ / shares	$ 0.19	$ 0.19	$ 0.57	$ 0.57
Percentage of lease commission income upon lease execution			50.00%
Percentage of lease commission income upon tenant rent commencement			50.00%
Variable Interest Entity, Not Primary Beneficiary [Member]
Nature Of Business And Financial Statement Presentation [Line Items]
Number of unconsolidated joint ventures | JointVenture			2

Nature of Business and Financ35

Nature of Business and Financial Statement Presentation - Non-cash Investing and Financing Activities (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Other Significant Noncash Transactions [Line Items]
Accounts payable related to construction in progress	$ 11,400	$ 15,800
Receivable and reduction of real estate assets, net related to hurricane casualty	59,700	0
Dividends declared	78,419	75,200	$ 75,245
Building [Member]
Other Significant Noncash Transactions [Line Items]
Assumption of buildings due to lease termination	$ 8,600	$ 0

Nature of Business and Financ36

Nature of Business and Financial Statement Presentation - Schedule of Fee and Other Income (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Income Statement [Abstract]
Management and other fee income	$ 7,291	$ 8,562	$ 25,517	$ 28,205
Ancillary and other property income	4,428	4,761	13,421	13,378
Lease termination fees	9,380	1,684	10,188	3,129
Other	16	13	114	56
Total fee and other income	$ 21,115	$ 15,020	$ 49,240	$ 44,768

Investments in and Advances t37

Investments in and Advances to Joint Ventures - Additional Information (Detail)	Sep. 30, 2017USD ($)ShoppingCenter	Jun. 30, 2017USD ($)Asset	Sep. 30, 2017USD ($)ShoppingCenterInvestmentAssets	Sep. 30, 2016USD ($)	Mar. 31, 2017USD ($)	Dec. 31, 2016ShoppingCenter
Schedule Of Equity Method Investments [Line Items]
Preferred investment interest valuation allowance	$ 60,600,000		$ 60,600,000		$ 76,000,000
Preferred investment interest adjusted valuation allowance	$ 15,400,000
Dividend, aggregate amount			4,500,000
Contribution			69,149,000	$ 1,452,000
Shopping Centers and Land [Member]
Schedule Of Equity Method Investments [Line Items]
Gain on sale of joint venture assets			$ 2,000,000
Unconsolidated Joint Ventures [Member]
Schedule Of Equity Method Investments [Line Items]
Shopping centers owned | ShoppingCenter	142		142			151
BRE DDR Joint Ventures [Member]
Schedule Of Equity Method Investments [Line Items]
Number of unconsolidated investments | Investment			2
Maximum preferred investment fixed distribution deferral	23.50%		23.50%
Redemption of preferred equity in full or in part at partners option			during the first three years
Redemption of preferred investment in full at company option			after seven years
Dividend, cash interest rate			6.50%
Dividend, accrued PIK interest rate			2.00%
BRE DDR Joint Ventures [Member] | Preferred Equity Fixed Dividend Rate [Member]
Schedule Of Equity Method Investments [Line Items]
Preferred equity fixed dividend rate per annum			8.50%
BRE DDR III [Member]
Schedule Of Equity Method Investments [Line Items]
Ownership interest of joint venture partner	95.00%		95.00%
Ownership interest in joint venture	5.00%		5.00%
Redemption of preferred investment in full at company option year			2,021
Preferred investment interest valuation allowance					70,000,000
Preferred investment interest adjusted valuation allowance	$ (18,100,000)
BRE DDR III [Member] | Shopping Centers and Land [Member]
Schedule Of Equity Method Investments [Line Items]
Number of properties sold | Assets			8
Proceeds from sale of joint venture assets			$ 164,300,000
Gain on sale of joint venture assets			$ 30,900,000
BRE DDR III [Member] | Preferred Equity [Member]
Schedule Of Equity Method Investments [Line Items]
Remaining net asset sale proceeds	51.90%
BRE DDR IV [Member]
Schedule Of Equity Method Investments [Line Items]
Ownership interest of joint venture partner	95.00%		95.00%
Ownership interest in joint venture	5.00%		5.00%
Redemption of preferred investment in full at company option year			2,022
Minimum net asset sales threshold payable	$ 4,900,000		$ 4,900,000
Preferred investment interest valuation allowance					$ 6,000,000
Preferred investment interest adjusted valuation allowance	$ 2,700,000
BRE DDR IV [Member] | Preferred Equity [Member]
Schedule Of Equity Method Investments [Line Items]
Number of assets with nominal interest | ShoppingCenter	3		3
Minimum net asset sales threshold payable	$ 1,100,000		$ 1,100,000
DDRM Properties [Member]
Schedule Of Equity Method Investments [Line Items]
Properties Owned | Asset		52
Transaction Value at 100%		$ 1,050,000,000
Percentage of ownership acquired/ transferred		80.00%
DDR interest		20.00%
New financing 100%		$ 706,700,000
DDR pro rata share new financing		$ 141,300,000
Debt instrument maturity date		2022-07
Contribution		$ 46,900,000
DDR Domestic Retail Fund I [Member]
Schedule Of Equity Method Investments [Line Items]
Properties Owned | Asset		3
DDR interest		20.00%
Aggregate book value		$ 74,000,000
Pro rata Aggregate book value		$ 14,800,000
DDRTC Core Retail Fund [Member] | Shopping Centers and Land [Member]
Schedule Of Equity Method Investments [Line Items]
Number of properties sold | Assets			1
Proceeds from sale of joint venture assets			$ 17,700,000

Investments in and Advances t38

Investments in and Advances to Joint Ventures - Condensed Combined Financial Information of Company's Unconsolidated Joint Venture Investments (Detail) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Condensed Combined Balance Sheets
Land	$ 1,903,805	$ 1,990,406
Buildings	6,002,788	6,412,532
Fixtures and tenant improvements	673,738	735,685
Total real estate rental property	8,580,331	9,138,623
Less: Accumulated depreciation	(1,942,051)	(1,996,176)
Real estate rental property, net	6,638,280	7,142,447
Construction in progress and land	116,746	105,435
Total real estate assets, net	6,755,026	7,247,882
Other assets, net	234,473	285,410
Total assets	7,640,697	8,197,518
Mortgage debt	750,269	982,509
Total liabilities	4,451,681	4,951,506
Total liabilities and equity	7,640,697	8,197,518
Company's share of accumulated equity	134,001	97,977
Redeemable preferred equity, net	327,309	393,338
Basis differentials	(26,103)	(36,117)
Deferred development fees, net of portion related to the Company's interest	(2,881)	(2,651)
Amounts payable to the Company	2,626	1,584
Investments in and Advances to Joint Ventures, net	434,952	454,131
Unconsolidated Joint Ventures [Member]
Condensed Combined Balance Sheets
Land	1,250,276	1,287,675
Buildings	3,238,956	3,376,720
Fixtures and tenant improvements	212,529	203,824
Total real estate rental property	4,701,761	4,868,219
Less: Accumulated depreciation	(957,207)	(884,356)
Real estate rental property, net	3,744,554	3,983,863
Construction in progress and land	56,381	56,983
Total real estate assets, net	3,800,935	4,040,846
Cash and restricted cash	117,211	50,378
Receivables, net	53,199	50,685
Other assets, net	205,436	248,664
Total assets	4,176,781	4,390,573
Mortgage debt	2,698,105	3,034,399
Notes and accrued interest payable to the Company	2,626	1,584
Other liabilities	195,817	206,949
Total liabilities	2,896,548	3,242,932
Redeemable preferred equity – DDR	392,479	393,338
Accumulated equity	887,754	754,303
Total liabilities and equity	$ 4,176,781	$ 4,390,573

Investments in and Advances t39

Investments in and Advances to Joint Ventures - Condensed Combined Statements of Operations of Unconsolidated Joint Venture Investments (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Expenses from operations:
Operating expenses	$ 177,576	$ 287,282	$ 595,847	$ 663,163
Impairment charges	10,284	104,877	60,353	104,877
Depreciation and amortization	85,210	95,451	266,370	290,051
Interest expense	46,296	53,940	147,031	165,849
Other (income) expense, net	64,340	384	65,298	(3,470)
Income (loss) from continuing operations	(43,060)	(81,444)	(149,936)	(20,305)
Gain on disposition of real estate, net	44,291	21,368	127,017	47,470
Company's share of equity in net income (loss) of joint ventures	3,819	(1,755)	(2,570)	10,336
Basis differential adjustments	992	298	4,999	3,745
Equity in net income (loss) of joint ventures	4,811	(1,457)	2,429	14,081
Unconsolidated Joint Ventures [Member]
Condensed Combined Statements of Operations
Revenues from operations	126,992	127,676	380,568	384,476
Expenses from operations:
Operating expenses	36,041	35,547	110,400	110,176
Impairment charges	2,160	13,598	82,667	13,598
Depreciation and amortization	45,291	47,955	137,976	146,011
Interest expense	24,276	33,567	83,410	100,208
Preferred share expense	8,307	8,438	24,674	25,007
Other (income) expense, net	6,577	5,829	22,204	17,959
Total expenses	122,652	144,934	461,331	412,959
Income (loss) from continuing operations	4,340	(17,258)	(80,763)	(28,483)
Gain on disposition of real estate, net	31,740	658	30,764	54,255
Net income (loss) attributable to unconsolidated joint ventures	$ 36,080	$ (16,600)	$ (49,999)	$ 25,772

Investments in and Advances t40

Investments in and Advances to Joint Ventures - Service Fees and Income Earned by Company's Unconsolidated Joint Ventures (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Equity Method Investments And Joint Ventures [Abstract]
Management and other fees	$ 5.3	$ 6.3	$ 18.9	$ 22.2
Interest income	6.3	8.4	20.1	25
Development fees and leasing commissions	$ 1.8	$ 2.2	$ 6.2	$ 5.9

Investments in and Advances t41

Investments in and Advances to Joint Ventures - Summary of Terms For Unconsolidated Joint Ventures Investments (Detail) - BRE DDR Retail Holdings Joint Venture Acquisitions [Member] $ in Millions	9 Months Ended
	Sep. 30, 2017USD ($)ShoppingCenter	Dec. 31, 2015USD ($)ShoppingCenter	Oct. 31, 2014USD ($)ShoppingCenter
BRE DDR III [Member]
Schedule Of Equity Method Investments [Line Items]
Unconsolidated Joint Venture Partner Formation Date Month And Year	2014-10
Common Equity Initial			$ 19.6
Redeemable preferred equity – DDR	$ 314.5		$ 300
Preferred Investment, Net of Reserve	$ 262.7
Properties Owned | ShoppingCenter	42		70
BRE DDR IV [Member]
Schedule Of Equity Method Investments [Line Items]
Unconsolidated Joint Venture Partner Formation Date Month And Year	2015-12
Common Equity Initial		$ 12.9
Redeemable preferred equity – DDR	$ 67.1	$ 82.6
Preferred Investment, Net of Reserve	$ 58.3
Properties Owned | ShoppingCenter	6	6
BRE DDR III and IV [Member]
Schedule Of Equity Method Investments [Line Items]
Redeemable preferred equity – DDR	$ 381.6	$ 382.6
Preferred Investment, Net of Reserve	$ 321

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) $ in Millions	1 Months Ended	9 Months Ended
	Jan. 31, 2017USD ($)ShoppingCenter	Sep. 30, 2017USD ($)
Business Acquisition [Line Items]
Revenues from the date of acquisition		$ 5.1
Shopping Center [Member]
Business Acquisition [Line Items]
Number of business acquired | ShoppingCenter	1
Shopping Center [Member] | Chicago, IL [Member]
Business Acquisition [Line Items]
Business acquisitions value	$ 81

Acquisitions - Schedule of Acqu

Acquisitions - Schedule of Acquisition Cost of Shopping Centers (Detail) - Shopping Center Acquired [Member] $ in Thousands	9 Months Ended
	Sep. 30, 2017USD ($)
Business Acquisition [Line Items]
Land	$ 23,588
Buildings	35,659
Tenant improvements	8,565
Other assets	419
Assets acquired	82,216
Less: Below-market leases	(1,872)
Less: Other liabilities assumed	(581)
Net assets acquired	79,763
In-Place Leases (Including Lease Origination Costs and Fair Market Value of Leases) [Member]
Business Acquisition [Line Items]
Intangible assets acquired	$ 7,051
Weighted Average Amortization Period	16 years
Tenant Relations [Member]
Business Acquisition [Line Items]
Intangible assets acquired	$ 6,934
Weighted Average Amortization Period	16 years 3 months 18 days
Below-Market Leases [Member]
Business Acquisition [Line Items]
Weighted Average Amortization Period	20 years

Notes Receivable - Additional I

Notes Receivable - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2017
Mortgage Loans On Real Estate [Abstract]
Maturity Start Date	2019-06
Maturity End Date	2023-06
Interest Rate	9.00%

Notes Receivable - Loans Receiv

Notes Receivable - Loans Receivable on Real Estate (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Receivables [Abstract]
Balance at January 1	$ 49,488	$ 41,988
Additions:
New mortgage loans	0	6,802
Interest	1,826	2,306
Accretion of discount	269	773
Deductions:
Collections of principal and interest	(32,004)	(7,090)
Balance at September 30	$ 19,579	$ 44,779

Notes Receivable - Loans Rece46

Notes Receivable - Loans Receivable on Real Estate (Parenthetical) (Detail) - USD ($) $ in Thousands	1 Months Ended	9 Months Ended
	Apr. 30, 2017	Sep. 30, 2017	Sep. 30, 2016
Accounts Notes And Loans Receivable [Line Items]
Repayment of notes receivable	$ 30,600	$ 31,068	$ 4,934
Notes Receivable [Member]
Accounts Notes And Loans Receivable [Line Items]
Debt instrument maturity date	2017-09

Other Assets, Net - Components

Other Assets, Net - Components of Other Assets (Detail) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Intangible assets:
Total intangible assets, net	$ 199,486	$ 241,598
Other assets:
Prepaid expenses	18,870	26,842
Other assets	1,992	6,274
Deposits	5,766	5,965
Deferred charges, net	8,359	4,731
Total other assets, net	234,473	285,410
In-Place Leases, Net [Member]
Intangible assets:
Total intangible assets, net	79,257	99,600
Above-Market Leases, Net [Member]
Intangible assets:
Total intangible assets, net	16,100	20,405
Lease Origination Costs [Member]
Intangible assets:
Total intangible assets, net	10,976	12,931
Tenant Relations, Net [Member]
Intangible assets:
Total intangible assets, net	$ 93,153	$ 108,662

Other Assets, Net - Component48

Other Assets, Net - Components of Other Assets (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Mar. 31, 2017
Other Assets [Line Items]
Amortization expense	$ 14.4	$ 13.9	$ 47	$ 54.6
Aggregate valuation allowance	60.6		60.6		$ 76
Puerto Rico [Member]
Other Assets [Line Items]
Aggregate valuation allowance	8.8		8.8
Prepaid tax	$ 14.8		$ 14.8

Revolving Credit Facilities - I

Revolving Credit Facilities - Information Regarding Company's Revolving Credit Facilities (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Carrying Value	$ 60,000	$ 0
Revolving Credit Facility [Member] | Unsecured Debt [Member] | J.P. Morgan Chase Bank, N.A. and Wells Fargo Securities, LLC [Member]
Debt Instrument [Line Items]
Carrying Value	$ 60,000
Weighted-Average Interest Rate	2.20%
Lines of Credit Maturity Date	2021-09
Revolving Credit Facility [Member] | Unsecured Debt [Member] | PNC Bank National Association [Member]
Debt Instrument [Line Items]
Carrying Value	$ 0
Lines of Credit Maturity Date	2021-09

Revolving Credit Facilities - A

Revolving Credit Facilities - Additional Information (Detail) - Unsecured Debt [Member]	9 Months Ended
	Sep. 30, 2017USD ($)
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Covenant compliance	The Company was in compliance with these financial covenants at September 30, 2017.
Revolving Credit Facility [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Specified spread line of credit facility	1.00%
J.P. Morgan Chase Bank, N.A., Wells Fargo Securities, LLC, Citizens Bank, N.A., RBC Capital Markets and U.S. Bank National Association [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Unsecured revolving credit facility borrowing capacity	$ 750,000,000
Accordion feature	$ 1,250,000,000
Line of credit facility competitive bid option on periodic interest rates	up to 50% of the facility
Facility fee	0.20%
J.P. Morgan Chase Bank, N.A., Wells Fargo Securities, LLC, Citizens Bank, N.A., RBC Capital Markets and U.S. Bank National Association [Member] | Amended Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Lines of Credit Maturity Date	2021-09
Revolving credit facility maturity extension option	two six-month options to extend the maturity to September 2022 upon the Company’s request
J.P. Morgan Chase Bank, N.A., Wells Fargo Securities, LLC, Citizens Bank, N.A., RBC Capital Markets and U.S. Bank National Association [Member] | Maximum | Amended Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Unsecured revolving credit facility borrowing capacity	$ 950,000,000
Accordion feature	$ 1,450,000,000
PNC Bank National Association [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Lines of Credit Maturity Date	2021-09
PNC Bank National Association [Member] | Amended Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Unsecured revolving credit facility	$ 50,000,000

Unsecured Indebtedness - Additi

Unsecured Indebtedness - Additional Information (Detail) - USD ($) $ in Thousands	Sep. 30, 2017	Sep. 30, 2017	Aug. 31, 2017	Jul. 31, 2017	May 31, 2017	Sep. 30, 2017	Sep. 30, 2016
Debt Instrument [Line Items]
Repayment of senior notes						$ 958,509	$ 240,000
Unsecured Debt [Member] | Wells Fargo Bank National Association and PNC Bank National Association [Member] | Term Loan [Member]
Debt Instrument [Line Items]
Unsecured term loan	$ 400,000	$ 400,000				$ 400,000
Unsecured Debt [Member] | Wells Fargo Bank National Association and PNC Bank National Association [Member] | Term Loan [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Specified spread line of credit facility	1.10%
3.9% Senior Unsecured Notes Due August 2024 [Member]
Debt Instrument [Line Items]
Senior notes issued			$ 350,000
Debt instrument interest rate			3.90%
Debt instrument maturity date			2024-08
Debt instrument, unamortized discount			$ 1,000
Debt instrument, issuance costs			$ 2,900
4.7% Senior Unsecured Notes Due June 2027 [Member]
Debt Instrument [Line Items]
Senior notes issued					$ 450,000
Debt instrument interest rate					4.70%
Debt instrument maturity date					2027-06
Debt instrument, unamortized discount					$ 800
Debt instrument, issuance costs					$ 4,000
4.75% Senior Unsecured Notes Due April 2018 [Member]
Debt Instrument [Line Items]
Debt instrument interest rate				4.75%
Debt instrument maturity date				2018-04
Repayment of senior notes				$ 300,000
Payment on redemption of senior notes				$ 7,300
7.875% Senior Unsecured Notes Due September 2020 [Member]
Debt Instrument [Line Items]
Debt instrument interest rate	7.875%	7.875%				7.875%
Debt instrument maturity date		2020-09
Repayment of senior notes		$ 300,000
Payment on redemption of senior notes		51,200
Tranche A Loans [Member] | Unsecured Debt [Member] | Wells Fargo Bank National Association and PNC Bank National Association [Member] | Term Loan [Member]
Debt Instrument [Line Items]
Unsecured term loan	$ 200,000	$ 200,000				$ 200,000
Term loan maturity date		2018-01
Extension maturity period		with two one-year extension options
Tranche B Loans [Member] | Unsecured Debt [Member] | Wells Fargo Bank National Association and PNC Bank National Association [Member] | Term Loan [Member]
Debt Instrument [Line Items]
Unsecured term loan	$ 200,000	$ 200,000				$ 200,000
Term loan maturity date		2023-01

Financial Instruments and Fai52

Financial Instruments and Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Carrying amount of notes	$ 347.3	$ 443.3
Level 3 [Member]
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Approximate fair value of notes	$ 348.7	$ 445.2

Financial Instruments and Fai53

Financial Instruments and Fair Value Measurements - Debt Instruments with Carrying Values Different than Estimated Fair Values (Detail) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior notes	$ 2,809,404	$ 2,913,217
Revolving Credit Facilities and term loans	457,858	598,242
Mortgage indebtedness	750,269	982,509
Total indebtedness	4,017,531	4,493,968
Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior notes	2,896,258	3,056,896
Revolving Credit Facilities and term loans	460,782	601,131
Mortgage indebtedness	771,052	1,012,869
Total indebtedness	$ 4,128,092	$ 4,670,896

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) $ in Thousands	1 Months Ended	3 Months Ended	9 Months Ended
	Oct. 31, 2017USD ($)ft²ShoppingCenterStore	Sep. 30, 2017USD ($)ft²ShoppingCenter	Sep. 30, 2017USD ($)ft²ShoppingCenterPositionOfficer	Dec. 31, 2016USD ($)
Contingencies And Commitments [Line Items]
Mortgage indebtedness		$ 750,269	$ 750,269	$ 982,509
Employee Severance [Member]
Contingencies And Commitments [Line Items]
Separation charge			16,600
Stock-based compensation expense			4,500
Employee Severance [Member] | Accounts Payable and Accrued Expenses [Member]
Contingencies And Commitments [Line Items]
Accrued separation charge		$ 1,400	1,400
Employee Severance [Member] | Executive Management Transition [Member]
Contingencies And Commitments [Line Items]
Separation charge			9,400
Employee Severance [Member] | Elimination [Member]
Contingencies And Commitments [Line Items]
Separation charge			$ 7,200
Total number of positions eliminated including officer level | Position			65
Number of positions eliminated | Officer			9
Puerto Rico [Member]
Contingencies And Commitments [Line Items]
Number of properties owned | ShoppingCenter		12	12
Gross leasable area of properties owned | ft²		4,400,000	4,400,000
Number of properties owned that was severely damaged | ShoppingCenter		1	1
Insurance Policy Limit			$ 330,000
Hurricane casualty and impairment loss			$ 6,000
Number of properties encumbered by mortgage notes | ShoppingCenter		6	6
Mortgage indebtedness		$ 264,800	$ 264,800
Weighted average interest rate of mortgage notes		4.90%	4.90%
Puerto Rico [Member] | Subsequent Event [Member]
Contingencies And Commitments [Line Items]
Gross leasable area of anchor spaces | ft²	25,000
Puerto Rico [Member] | Hurricane Casualty and Impairment Loss [Member]
Contingencies And Commitments [Line Items]
Gross leasable area of properties owned that was severely damaged | ft²		400,000	400,000
Estimated net book value of the property damage written off		$ 64,800	$ 64,800
Estimated insurance recoveries receivable		59,700	59,700
Property damage insurance deductible		5,100	$ 5,100
Business interruption insurance coverage period after restoration			365 days
Business interruption insurance claim deductible		900	$ 900
Puerto Rico [Member] | Hurricane Casualty and Impairment Loss [Member] | Total Revenue From Operations [Member]
Contingencies And Commitments [Line Items]
Reduction in rental revenues		$ 2,600	$ 2,600
Puerto Rico [Member] | Hurricane Casualty and Impairment Loss [Member] | Subsequent Event [Member]
Contingencies And Commitments [Line Items]
Number of properties owned available for occupancy post catastrophe | ShoppingCenter	9
Percentage of tenants opened in anchor space properties post hurricanes	73.00%
Number of stores opened in anchor space properties post hurricanes | Store	24
Advance of insurance proceeds related to business interruption insurance claims	$ 2,000
Puerto Rico [Member] | Hurricane Casualty and Impairment Loss [Member] | Walmart [Member] | Subsequent Event [Member]
Contingencies And Commitments [Line Items]
Number of stores opened in anchor space properties post hurricanes | Store	6
Number of store in anchor space properties | Store	7
Puerto Rico [Member] | Hurricane Casualty and Impairment Loss [Member] | Sam's Club [Member] | Subsequent Event [Member]
Contingencies And Commitments [Line Items]
Number of stores opened in anchor space properties post hurricanes | Store	1
Puerto Rico [Member] | Hurricane Casualty and Impairment Loss [Member] | Home Depot [Member] | Subsequent Event [Member]
Contingencies And Commitments [Line Items]
Number of stores opened in anchor space properties post hurricanes | Store	2
Puerto Rico [Member] | Hurricane Casualty and Impairment Loss [Member] | Sears/Kmart [Member] | Subsequent Event [Member]
Contingencies And Commitments [Line Items]
Number of stores opened in anchor space properties post hurricanes | Store	3
Puerto Rico [Member] | Hurricane Casualty and Impairment Loss [Member] | Other Grocery Stores [Member] | Subsequent Event [Member]
Contingencies And Commitments [Line Items]
Number of stores opened in anchor space properties post hurricanes | Store	5

Equity - Additional Information

Equity - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	9 Months Ended
	Jun. 30, 2017	Sep. 30, 2017	Dec. 31, 2016
Class A Cumulative Redeemable Preferred Shares [Member]
Class Of Stock [Line Items]
Cumulative redeemable preferred shares	$ 175,000	$ 175,000	$ 0
Preferred stock dividend rate	6.375%	6.375%
Cumulative redeemable preferred shares, liquidation value	$ 500	$ 500
Shares issuance costs	$ 6,100
Class A Depositary Share [Member]
Class Of Stock [Line Items]
Cumulative redeemable preferred shares, liquidation value	$ 25

Other Comprehensive Loss - Chan

Other Comprehensive Loss - Changes in Accumulated Other Comprehensive Loss by Component (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance			$ 3,246,012
Total other comprehensive income	$ 1,343	$ 643	3,046	$ 2,038
Ending Balance	3,189,016		3,189,016
Gains on Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance			(3,930)
Other comprehensive income before reclassifications			995
Change in cash flow hedges reclassed to earnings			712
Total other comprehensive income			1,707
Ending Balance	(2,223)		(2,223)
Foreign Currency Items [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance			(262)
Other comprehensive income before reclassifications			1,014
Change in cash flow hedges reclassed to earnings			0
Total other comprehensive income			1,014
Ending Balance	752		752
Total [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance			(4,192)
Other comprehensive income before reclassifications			2,009
Change in cash flow hedges reclassed to earnings			712
Total other comprehensive income			2,721
Ending Balance	$ (1,471)		$ (1,471)

Other Comprehensive Loss - Ch57

Other Comprehensive Loss - Changes in Accumulated Other Comprehensive Loss by Component (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Accumulated Other Comprehensive Income Loss [Line Items]
Change in cash flow hedges reclassed to earnings	$ (335)	$ (172)	$ (712)	$ (516)
Interest Expense [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Change in cash flow hedges reclassed to earnings			$ 700

Impairment Charges and Reserv58

Impairment Charges and Reserves - Impairment Charges on Assets or Investments (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Impairment Charges And Impairment Of Joint Venture Investments [Abstract]
Assets marketed for sale	$ 8,500	$ 104,900	$ 49,500	$ 104,900
Total continuing operations	10,284	104,877	60,353	104,877
(Adjustment) reserve of preferred equity interests	(15,400)	0	60,600	0
Total impairment charges	(5,100)	104,900	121,000	104,900
Undeveloped Land [Member]
Impairment Charges And Impairment Of Joint Venture Investments [Abstract]
Undeveloped land previously held for development	$ 1,800	$ 0	$ 10,900	$ 0

Impairment Charges and Reserv59

Impairment Charges and Reserves - Impairment Charges Measured at Fair Value on Non-Recurring Basis (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Preferred equity interests, Total Losses	$ (15.4)	$ 0	$ 60.6	$ 0
Fair Value Measurements [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-lived assets held and used, Fair Value Measurements	141		141
Preferred equity interests, Fair Value Measurements	327.3		327.3
Long-lived assets held and used, Total Losses			60.4
Preferred equity interests, Total Losses			60.6
Fair Value Measurements [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-lived assets held and used, Fair Value Measurements	0		0
Preferred equity interests, Fair Value Measurements	0		0
Fair Value Measurements [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-lived assets held and used, Fair Value Measurements	0		0
Preferred equity interests, Fair Value Measurements	0		0
Fair Value Measurements [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-lived assets held and used, Fair Value Measurements	141		141
Preferred equity interests, Fair Value Measurements	$ 327.3		$ 327.3

Impairment Charges and Reserv60

Impairment Charges and Reserves - Summary of Significant Unobservable Inputs (Detail) - Fair Value Measurements [Member] $ in Millions	9 Months Ended
	Sep. 30, 2017USD ($)$ / a
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 141
Fair Value	327.3
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	141
Fair Value	327.3
Impairment of Consolidated Assets [Member] | Level 3 [Member] | Indicative Bid/Contracted Price [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	44.1
Impairment of Consolidated Assets [Member] | Level 3 [Member] | Income Capitalization/Sales Comparison Approach [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 74.7
Impairment of Consolidated Assets [Member] | Level 3 [Member] | Income Capitalization/Sales Comparison Approach [Member] | Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range	9.75%
Impairment of Consolidated Assets [Member] | Level 3 [Member] | Income Capitalization/Sales Comparison Approach [Member] | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range	10.00%
Impairment of Consolidated Assets [Member] | Level 3 [Member] | Discounted Cash Flow [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 14.8
Range	9.00%
Range	10.00%
Impairment of Consolidated Assets [Member] | Level 3 [Member] | Sales Comparison Approach [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 7.4
Impairment of Consolidated Assets [Member] | Level 3 [Member] | Sales Comparison Approach [Member] | Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Price per Acre, Range | $ / a	50
Impairment of Consolidated Assets [Member] | Level 3 [Member] | Sales Comparison Approach [Member] | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Price per Acre, Range | $ / a	218
Reserve of Preferred Equity Interests [Member] | Level 3 [Member] | Discounted Cash Flow [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 327.3
Range	1.00%
Reserve of Preferred Equity Interests [Member] | Level 3 [Member] | Discounted Cash Flow [Member] | Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range	8.20%
Range	4.60%
Reserve of Preferred Equity Interests [Member] | Level 3 [Member] | Discounted Cash Flow [Member] | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range	8.80%
Range	11.20%

Earnings Per Share - Computatio

Earnings Per Share - Computation of Company's Earnings Per Share (EPS) and Reconciliation of Net (Loss) Income from Continuing Operations and Number of Common Shares Used in Computations of "Basic" EPS and "Diluted" EPS (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Earnings Per Share [Abstract]
Loss from continuing operations	$ (43,060)	$ (81,444)	$ (149,936)	$ (20,305)
Plus: Gain on disposition of real estate	44,291	21,368	127,017	47,470
Income attributable to non-controlling interests, net	(248)	(284)	(728)	(894)
Less: Preferred dividends	(8,383)	(5,594)	(20,376)	(16,781)
Less: Earnings attributable to unvested shares and operating partnership units	(241)	(167)	(743)	(581)
Net (loss) income attributable to common shareholders after allocation to participating securities	$ (7,641)	$ (66,121)	$ (44,766)	$ 8,909
Denominators – Number of Shares
Basic—Average shares outstanding	367,686	365,508	367,039	365,062
Effect of dilutive securities—Stock options	0	0	0	320
Diluted—Average shares outstanding	367,686	365,508	367,039	365,382
(Loss) Earnings Per Share:
Basic	$ (0.02)	$ (0.18)	$ (0.12)	$ 0.02
Diluted	$ (0.02)	$ (0.18)	$ (0.12)	$ 0.02

Segment Information - Summary o

Segment Information - Summary of Information about Company's Reportable Operating Segments (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Segment Reporting Information [Line Items]
Total revenues	$ 227,424	$ 253,800	$ 704,032	$ 765,544
Rental operation expenses	(59,568)	(68,169)	(192,782)	(213,075)
Net operating income (loss)	167,856	185,631	511,250	552,469
Impairment charges	(10,284)	(104,877)	(60,353)	(104,877)
Depreciation and amortization	(85,210)	(95,451)	(266,370)	(290,051)
Interest income	6,807	9,304	22,365	27,800
Other income (expense), net	(64,340)	(384)	(65,298)	3,470
Unallocated expenses	(71,988)	(73,123)	(227,247)	(222,110)
Hurricane casualty and impairment loss	(6,089)	0	(6,089)	0
Equity in net income (loss) of joint ventures	4,811	(1,457)	2,429	14,081
Adjustment (reserve) of preferred equity interests	15,377	0	(60,623)	0
Loss on sale and change in control of interests, net	0	(1,087)	0	(1,087)
Income (loss) from continuing operations	(43,060)	(81,444)	(149,936)	(20,305)
Total gross real estate assets	8,697,077	9,911,432	8,697,077	9,911,432
Notes receivable, net	19,591	44,823	19,591	44,823	$ 49,503
Operating Segments [Member] | Shopping Center [Member]
Segment Reporting Information [Line Items]
Total revenues	227,409	253,787	703,989	765,514
Rental operation expenses	(59,571)	(68,107)	(192,772)	(212,857)
Net operating income (loss)	167,838	185,680	511,217	552,657
Impairment charges	(10,284)	(104,877)	(60,353)	(104,877)
Depreciation and amortization	(85,210)	(95,451)	(266,370)	(290,051)
Interest income	0	0	0	0
Other income (expense), net	0	0	0	0
Unallocated expenses	0	0	0	0
Hurricane casualty and impairment loss	(6,089)		(6,089)
Equity in net income (loss) of joint ventures	4,811	(1,457)	2,429	14,081
Adjustment (reserve) of preferred equity interests	0		0
Loss on sale and change in control of interests, net		(1,087)		(1,087)
Income (loss) from continuing operations	0	0	0	0
Total gross real estate assets	8,697,077	9,911,432	8,697,077	9,911,432
Notes receivable, net	0	0	0	0
Operating Segments [Member] | Loan Investments [Member]
Segment Reporting Information [Line Items]
Total revenues	15	13	43	30
Rental operation expenses	3	(62)	(10)	(218)
Net operating income (loss)	18	(49)	33	(188)
Impairment charges	0	0	0	0
Depreciation and amortization	0	0	0	0
Interest income	6,807	9,304	22,365	27,800
Other income (expense), net	0	0	0	0
Unallocated expenses	0	0	0	0
Hurricane casualty and impairment loss	0		0
Equity in net income (loss) of joint ventures	0	0	0	0
Adjustment (reserve) of preferred equity interests	15,377		(60,623)
Loss on sale and change in control of interests, net		0		0
Income (loss) from continuing operations	0	0	0	0
Total gross real estate assets	0	0	0	0
Notes receivable, net	346,888	447,070	346,888	447,070
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Rental operation expenses	0	0	0	0
Net operating income (loss)	0	0	0	0
Impairment charges	0	0	0	0
Depreciation and amortization	0	0	0	0
Interest income	0	0	0	0
Other income (expense), net	(64,340)	(384)	(65,298)	3,470
Unallocated expenses	(71,988)	(73,123)	(227,247)	(222,110)
Hurricane casualty and impairment loss	0		0
Equity in net income (loss) of joint ventures	0	0	0	0
Adjustment (reserve) of preferred equity interests	0		0
Loss on sale and change in control of interests, net		0		0
Income (loss) from continuing operations	0	0	0	0
Total gross real estate assets	0	0	0	0
Notes receivable, net	$ (327,297)	$ (402,247)	$ (327,297)	$ (402,247)