Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2018 | Feb. 13, 2019 | Jun. 30, 2018 | |
Entity Information [Line Items] | |||
Document Type | 10-K | ||
Amendment Flag | false | ||
Document Period End Date | Dec. 31, 2018 | ||
Document Fiscal Year Focus | 2,018 | ||
Document Fiscal Period Focus | FY | ||
Entity Registrant Name | REGENCY CENTERS CORP | ||
Entity Central Index Key | 910,606 | ||
Entity well-known seasoned filer | Yes | ||
Entity voluntary filer | No | ||
Entity Shell Company | 0 | ||
Entity Current Reporting Status | Yes | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Filer Category | Large Accelerated Filer | ||
Entity Emerging Growth Company | false | ||
Entity Small Business | false | ||
Entity Common Stock Shares Outstanding | 167,506,148 | ||
Public Float | $ 10,398,575,500 | ||
Partnership Interest [Member] | |||
Entity Information [Line Items] | |||
Entity Registrant Name | REGENCY CENTERS LP | ||
Entity Central Index Key | 1,066,247 | ||
Entity Filer Category | Accelerated Filer |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Document Fiscal Year Focus | 2,018 | |
Assets | ||
Acquired lease intangible assets, less accumulated amortization of $219,689 and $148,280 at December 31, 2018 and 2017, respectively (note 6) | $ 387,069 | $ 478,826 |
Liabilities: | ||
Notes payable (note 8) | 3,006,478 | 2,971,715 |
Unsecured Debt | 708,734 | 623,262 |
Parent Company [Member] | ||
Real Estate Investment Property, at Cost | 10,863,162 | 10,892,821 |
Assets | ||
Less: accumulated depreciation | 1,535,444 | 1,339,771 |
Total Cost Net of Accumulated Depreciation | 9,327,718 | 9,553,050 |
Equity Method Investments | 463,001 | 386,304 |
Real Estate Held-for-sale | 60,516 | 0 |
Cash and cash equivalents | 42,532 | 45,370 |
Restricted cash | 2,658 | 4,011 |
Accounts and Notes Receivable, Net | 172,359 | 170,985 |
Deferred Costs, Leasing, Net | 84,983 | 80,044 |
Acquired lease intangible assets, less accumulated amortization of $219,689 and $148,280 at December 31, 2018 and 2017, respectively (note 6) | 387,069 | 478,826 |
Other assets (note 5) | 403,827 | 427,127 |
Total assets | 10,944,663 | 11,145,717 |
Liabilities: | ||
Notes payable (note 8) | 3,006,478 | 2,971,715 |
Unsecured Debt | 708,734 | 623,262 |
Accounts payable and other liabilities | 224,807 | 234,272 |
Acquired lease intangible liabilities, less accumulated amortization of $92,746 and $56,550 at December 31, 2018 and 2017, respectively (note 6) | 496,726 | 537,401 |
Tenants’ security, escrow deposits and prepaid rent | 57,750 | 46,013 |
Total liabilities | 4,494,495 | 4,412,663 |
Commitments and contingencies (notes 15 and 16) | 0 | 0 |
Stockholders’ equity (note 11): | ||
Common stock $0.01 par value per share, 220,000,000 shares authorized; 167,904,593 and 171,364,908 shares issued at December 31, 2018 and 2017, respectively | 1,679 | 1,714 |
Treasury Stock, Value | 19,834 | 18,307 |
Additional paid-in capital | 7,672,517 | 7,873,104 |
Accumulated other comprehensive loss | (927) | (6,289) |
Distributions in excess of net income | (1,255,465) | (1,158,170) |
Total stockholders’ equity | 6,397,970 | 6,692,052 |
Noncontrolling interests (note 11): | ||
Noncontrolling Interest in Operating Partnerships | 10,666 | 10,907 |
Limited partners’ interests in consolidated partnerships | 41,532 | 30,095 |
Total noncontrolling interests | 52,198 | 41,002 |
Total equity | 6,450,168 | 6,733,054 |
Total liabilities and equity | 10,944,663 | 11,145,717 |
Partnership Interest [Member] | ||
Real Estate Investment Property, at Cost | 10,863,162 | 10,892,821 |
Assets | ||
Less: accumulated depreciation | 1,535,444 | 1,339,771 |
Total Cost Net of Accumulated Depreciation | 9,327,718 | 9,553,050 |
Equity Method Investments | 463,001 | 386,304 |
Real Estate Held-for-sale | 60,516 | 0 |
Cash and cash equivalents | 42,532 | 45,370 |
Restricted cash | 2,658 | 4,011 |
Accounts and Notes Receivable, Net | 172,359 | 170,985 |
Deferred Costs, Leasing, Net | 84,983 | 80,044 |
Acquired lease intangible assets, less accumulated amortization of $219,689 and $148,280 at December 31, 2018 and 2017, respectively (note 6) | 387,069 | 478,826 |
Other assets (note 5) | 403,827 | 427,127 |
Total assets | 10,944,663 | 11,145,717 |
Liabilities: | ||
Notes payable (note 8) | 3,006,478 | 2,971,715 |
Unsecured Debt | 708,734 | 623,262 |
Accounts payable and other liabilities | 224,807 | 234,272 |
Acquired lease intangible liabilities, less accumulated amortization of $92,746 and $56,550 at December 31, 2018 and 2017, respectively (note 6) | 496,726 | 537,401 |
Tenants’ security, escrow deposits and prepaid rent | 57,750 | 46,013 |
Total liabilities | 4,494,495 | 4,412,663 |
Commitments and contingencies (notes 15 and 16) | 0 | 0 |
Stockholders’ equity (note 11): | ||
General partner; 167,904,593 and 171,364,908 units outstanding at December 31, 2018 and 2017, respectively | 6,398,897 | 6,698,341 |
Limited Partners' Capital Account | 10,666 | 10,907 |
Accumulated other comprehensive loss | (927) | (6,289) |
Total partners’ capital | 6,408,636 | 6,702,959 |
Noncontrolling interests (note 11): | ||
Limited partners’ interests in consolidated partnerships | 41,532 | 30,095 |
Total noncontrolling interests | 41,532 | 30,095 |
Total equity | 6,450,168 | 6,733,054 |
Total liabilities and equity | $ 10,944,663 | $ 11,145,717 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Accumulated amortization of acquired lease intangible assets | $ 219,689 | $ 148,280 |
General Partners' Capital Account, Units Outstanding | 167,904,593 | 171,365,000 |
Limited Partners' Capital Account, Units Outstanding | 350,000 | 350,000 |
Parent Company [Member] | ||
Deferred costs accumulated amortization | $ 101,093 | $ 93,291 |
Accumulated amortization of acquired lease intangible assets | 219,689 | 148,280 |
Accumulated accretion of acquired lease intangible liabilities | $ 92,746 | $ 56,550 |
Preferred stock, par value per share | $ 0.01 | $ 0.01 |
Preferred stock, shares authorized | 30,000,000 | 30,000,000 |
Preferred units of Series 3-5, units issued | 0 | 0 |
Preferred units of Series 3-5, units outstanding | 0 | 0 |
Preferred stock, liquidation preferences per share | $ 25 | $ 25 |
Common stock, par value per share | $ 0.01 | $ 0.01 |
Common stock, shares authorized | 220,000,000 | 220,000,000 |
Common Stock, Shares, Issued | 167,904,593 | 171,364,908 |
Treasury stock, shares held at cost | 390,163 | 366,628 |
Exchangeable operating partnership units aggregate redemption value | $ 20,532 | $ 24,406 |
Partnership Interest [Member] | ||
Deferred costs accumulated amortization | 101,093 | 93,291 |
Accumulated amortization of acquired lease intangible assets | 219,689 | 148,280 |
Accumulated accretion of acquired lease intangible liabilities | $ 92,746 | $ 56,550 |
Preferred stock, par value per share | $ 0.01 | $ 0.01 |
Preferred units of Series 3-5, units issued | 0 | 0 |
Preferred units of Series 3-5, units outstanding | 0 | 0 |
Preferred stock, liquidation preferences per share | $ 25 | $ 25 |
General Partners' Capital Account, Units Outstanding | 167,904,000 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Document Fiscal Year Focus | 2,018 | ||
Other expense (income) [Abstract] | |||
Equity in income of investments in real estate partnerships (note 4) | $ 42,974 | $ 43,341 | $ 56,518 |
Federal Income Tax Expense (Benefit), Continuing Operations | 522 | (9,647) | (153) |
Gain (Loss) on Sale of Properties, Net of Applicable Income Taxes | (28,343) | (27,432) | (47,321) |
Parent Company [Member] | |||
Revenues: | |||
Minimum rent | 818,483 | 728,078 | 444,305 |
Percentage rent | 7,486 | 6,635 | 4,128 |
Revenue from Contract with Customer, Including Assessed Tax | 266,512 | 223,455 | 140,611 |
Property Management Fee Revenue | 28,494 | 26,158 | 25,327 |
Total revenues | 1,120,975 | 984,326 | 614,371 |
Operating expenses: | |||
Depreciation and amortization | 359,688 | 334,201 | 162,327 |
Direct Costs of Leased and Rented Property or Equipment | 168,034 | 143,990 | 95,022 |
General and administrative | 65,491 | 67,624 | 65,327 |
Real estate taxes | 137,856 | 109,723 | 66,395 |
Other operating expenses | 9,737 | 89,225 | 14,081 |
Total operating expenses | 740,806 | 744,763 | 403,152 |
Other expense (income) [Abstract] | |||
Interest Expense | 148,456 | 132,629 | 90,712 |
Asset Impairment Charges | 38,437 | 0 | 4,200 |
Early extinguishment of debt | 11,172 | 12,449 | 14,240 |
Net investment loss (income) | (1,096) | 3,985 | 1,672 |
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net | 0 | 0 | 40,586 |
Nonoperating Income (Expense) | (170,818) | (113,661) | (100,745) |
Income from operations before equity in income of investments in real estate partnerships and income taxes | 209,351 | 125,902 | 110,474 |
Equity in income of investments in real estate partnerships (note 4) | 42,974 | 43,341 | 56,518 |
Federal Income Tax Expense (Benefit), Continuing Operations | 0 | (9,737) | 0 |
Gain (Loss) on Sale of Properties, Net of Applicable Income Taxes | (28,343) | (27,432) | (47,321) |
Net income | 252,325 | 178,980 | 166,992 |
Noncontrolling interests: | |||
Noncontrolling Interest in Net Income (Loss) Operating Partnerships, Nonredeemable | (525) | (388) | (257) |
Noncontrolling Interest in Net Income (Loss) Limited Partnerships, Nonredeemable | (2,673) | (2,515) | (1,813) |
Income attributable to noncontrolling interests | (3,198) | (2,903) | (2,070) |
Net income attributable to the Company | 249,127 | 176,077 | 164,922 |
Preferred stock dividends and issuance costs | 0 | (16,128) | (21,062) |
Net Income (Loss) Available to Common Stockholders, Basic | $ 249,127 | $ 159,949 | $ 143,860 |
Continuing operations (in dollars per share) | $ 1.47 | $ 1 | $ 1.43 |
Continuing operations (in dollars per share) | $ 1.46 | $ 1 | $ 1.42 |
Partnership Interest [Member] | |||
Revenues: | |||
Minimum rent | $ 818,483 | $ 728,078 | $ 444,305 |
Percentage rent | 7,486 | 6,635 | 4,128 |
Revenue from Contract with Customer, Including Assessed Tax | 266,512 | 223,455 | 140,611 |
Property Management Fee Revenue | 28,494 | 26,158 | 25,327 |
Total revenues | 1,120,975 | 984,326 | 614,371 |
Operating expenses: | |||
Depreciation and amortization | 359,688 | 334,201 | 162,327 |
Direct Costs of Leased and Rented Property or Equipment | 168,034 | 143,990 | 95,022 |
General and administrative | 65,491 | 67,624 | 65,327 |
Real estate taxes | 137,856 | 109,723 | 66,395 |
Other operating expenses | 9,737 | 89,225 | 14,081 |
Total operating expenses | 740,806 | 744,763 | 403,152 |
Other expense (income) [Abstract] | |||
Interest Expense | 148,456 | 132,629 | 90,712 |
Asset Impairment Charges | 38,437 | 0 | 4,200 |
Early extinguishment of debt | 11,172 | 12,449 | 14,240 |
Net investment loss (income) | (1,096) | 3,985 | 1,672 |
Gain (Loss) on Derivative Instruments, Net, Pretax | 0 | 0 | 40,586 |
Nonoperating Income (Expense) | (170,818) | (113,661) | (100,745) |
Income from operations before equity in income of investments in real estate partnerships and income taxes | 209,351 | 125,902 | 110,474 |
Equity in income of investments in real estate partnerships (note 4) | 42,974 | 43,341 | 56,518 |
Federal Income Tax Expense (Benefit), Continuing Operations | 0 | (9,737) | 0 |
Gain (Loss) on Sale of Properties, Net of Applicable Income Taxes | (28,343) | (27,432) | (47,321) |
Net income | 252,325 | 178,980 | 166,992 |
Noncontrolling interests: | |||
Noncontrolling Interest in Net Income (Loss) Limited Partnerships, Nonredeemable | (2,673) | (2,515) | (1,813) |
Income attributable to noncontrolling interests | (2,673) | (2,515) | (1,813) |
Net income attributable to the Company | 249,652 | 176,465 | 165,179 |
Preferred unit distributions | 0 | (16,128) | (21,062) |
Net Income (Loss) Allocated to General Partners | $ 249,652 | $ 160,337 | $ 144,117 |
Continuing operations (in dollars per share) | $ 1.47 | $ 1 | $ 1.43 |
Continuing operations (in dollars per share) | $ 1.46 | $ 1 | $ 1.42 |
Consolidated Statements of Op_2
Consolidated Statements of Operations (Parenthetical) - USD ($) | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Parent Company [Member] | |||
Trading Securities, Change in Unrealized Holding Gain (Loss) | $ (3,314) | $ 1,136 | $ 773 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Document Fiscal Year Focus | 2,018 | ||
Other comprehensive income: | |||
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax | $ 0 | $ 0 | $ (20,945) |
Parent Company [Member] | |||
Net income | 252,325 | 178,980 | 166,992 |
Other comprehensive income: | |||
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax | 402 | 1,151 | (10,332) |
Reclassification adjustment of derivative instruments included in net income | 5,342 | 11,103 | 51,139 |
Other Comprehensive Income (Loss), Securities, Available-for-sale, Adjustment, before Tax | (95) | (8) | 24 |
Other comprehensive income | 5,649 | 12,246 | 40,831 |
Comprehensive income | 257,974 | 191,226 | 207,823 |
Less: comprehensive income attributable to noncontrolling interests: | |||
Net income attributable to noncontrolling interests | 3,198 | 2,903 | 2,070 |
Other Comprehensive (Income) Loss, Net of Tax, Portion Attributable to Noncontrolling Interest | 299 | 189 | 484 |
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | 3,497 | 3,092 | 2,554 |
Comprehensive income attributable to the Company | 254,477 | 188,134 | 205,269 |
Partnership Interest [Member] | |||
Net income | 252,325 | 178,980 | 166,992 |
Other comprehensive income: | |||
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax | 402 | 1,151 | (10,332) |
Reclassification adjustment of derivative instruments included in net income | 5,342 | 11,103 | 51,139 |
Other Comprehensive Income (Loss), Securities, Available-for-sale, Adjustment, before Tax | (95) | (8) | 24 |
Other comprehensive income | 5,649 | 12,246 | 40,831 |
Comprehensive income | 257,974 | 191,226 | 207,823 |
Less: comprehensive income attributable to noncontrolling interests: | |||
Net income attributable to noncontrolling interests | 2,673 | 2,515 | 1,813 |
Other Comprehensive (Income) Loss, Net of Tax, Portion Attributable to Noncontrolling Interest | 288 | 168 | 426 |
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | 2,961 | 2,683 | 2,239 |
Comprehensive income attributable to the Company | $ 255,013 | $ 188,543 | $ 205,584 |
Consolidated Statement of Chang
Consolidated Statement of Changes in Equity - USD ($) $ in Thousands | Parent Company [Member] | Preferred StockParent Company [Member] | Common StockParent Company [Member] | Treasury StockParent Company [Member] | Additional Paid-in Capital [Member]Parent Company [Member] | AOCI Attributable to Parent [Member] | AOCI Attributable to Parent [Member]Parent Company [Member] | Distributions in Excess of Net IncomeParent Company [Member] | Total Stockholders' Equity [Member]Parent Company [Member] | Noncontrolling Interest Exchangeable Operating Partnership Units [Member]Parent Company [Member] | Noncontrolling Interests in Limited Partners Interest in Consolidated Partnerships [Member]Parent Company [Member] | Noncontrolling Interest [Member]Parent Company [Member] | Common StockParent Company [Member] | Common StockPreferred StockParent Company [Member] | Common StockCommon StockParent Company [Member] | Common StockTreasury StockParent Company [Member] | Common StockAdditional Paid-in Capital [Member]Parent Company [Member] | Common StockAOCI Attributable to Parent [Member]Parent Company [Member] | Common StockDistributions in Excess of Net IncomeParent Company [Member] | Common StockTotal Stockholders' Equity [Member]Parent Company [Member] | Common StockNoncontrolling Interest Exchangeable Operating Partnership Units [Member]Parent Company [Member] | Common StockNoncontrolling Interests in Limited Partners Interest in Consolidated Partnerships [Member]Parent Company [Member] | Common StockNoncontrolling Interest [Member]Parent Company [Member] | Equity One Inc. [Member]Parent Company [Member] | Equity One Inc. [Member]Preferred StockParent Company [Member] | Equity One Inc. [Member]Common StockParent Company [Member] | Equity One Inc. [Member]Treasury StockParent Company [Member] | Equity One Inc. [Member]Additional Paid-in Capital [Member]Parent Company [Member] | Equity One Inc. [Member]AOCI Attributable to Parent [Member]Parent Company [Member] | Equity One Inc. [Member]Distributions in Excess of Net IncomeParent Company [Member] | Equity One Inc. [Member]Total Stockholders' Equity [Member]Parent Company [Member] | Equity One Inc. [Member]Noncontrolling Interest Exchangeable Operating Partnership Units [Member]Parent Company [Member] | Equity One Inc. [Member]Noncontrolling Interests in Limited Partners Interest in Consolidated Partnerships [Member]Parent Company [Member] | Equity One Inc. [Member]Noncontrolling Interest [Member]Parent Company [Member] |
Beginning balance at Dec. 31, 2015 | $ (2,082,620) | $ (325,000) | $ (972) | $ 19,658 | $ (2,742,508) | $ 58,693 | $ 936,020 | $ (2,054,109) | $ 1,975 | $ (30,486) | $ (28,511) | |||||||||||||||||||||||
Other comprehensive income: | ||||||||||||||||||||||||||||||||||
Net income | 166,992 | 0 | 0 | 0 | 0 | 0 | 164,922 | 257 | 1,813 | |||||||||||||||||||||||||
Net Income (Loss) Attributable to Noncontrolling Interest | 2,070 | |||||||||||||||||||||||||||||||||
Net Income (Loss) Attributable to Parent | 164,922 | |||||||||||||||||||||||||||||||||
Current period other comprehensive income, net | 40,831 | 0 | 0 | 0 | 0 | $ 40,347 | 40,347 | 0 | 40,347 | 58 | 426 | |||||||||||||||||||||||
Other Comprehensive (Income) Loss, Net of Tax, Portion Attributable to Noncontrolling Interest | 484 | |||||||||||||||||||||||||||||||||
Adjustments to Additional Paid in Capital, Share-based Compensation, Other Long-term Incentive Plans, Requisite Service Period Recognition | 0 | 0 | 0 | 2,596 | (2,596) | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
Restricted stock issued, net of amortization | 13,421 | 0 | 2 | 0 | 13,419 | 0 | 0 | 13,421 | 0 | 0 | 0 | |||||||||||||||||||||||
Adjustments Related to Tax Withholding for Share-based Compensation | $ 7,789 | $ 0 | $ 0 | $ 0 | $ 7,789 | $ 0 | $ 0 | $ 7,789 | $ 0 | $ 0 | $ 0 | |||||||||||||||||||||||
Stock Issued During Period, Value, Dividend Reinvestment Plan | 1,070 | 1,070 | 0 | 0 | 0 | 1,070 | 0 | 0 | 1,070 | 0 | 0 | 0 | ||||||||||||||||||||||
Common stock issued for stock offerings, net of issuance costs | (548,920) | 0 | (71) | 0 | (548,849) | 0 | 0 | (548,920) | 0 | 0 | 0 | |||||||||||||||||||||||
Partners' Capital Account, Redemptions | 0 | 0 | 0 | 0 | 538 | 0 | 0 | 538 | 0 | (538) | (538) | |||||||||||||||||||||||
Contributions from partners | 8,760 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,760 | 8,760 | |||||||||||||||||||||||
Partners' Capital Account, Distributions | 6,855 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,855 | 6,855 | |||||||||||||||||||||||
Cash dividends declared: | ||||||||||||||||||||||||||||||||||
Preferred stock/unit | (21,062) | 0 | 0 | 0 | 0 | 0 | 21,062 | (21,062) | 0 | 0 | 0 | |||||||||||||||||||||||
Common stock/unit | (202,406) | 0 | 0 | 0 | 0 | 0 | (202,099) | (202,099) | (307) | 0 | (307) | |||||||||||||||||||||||
Ending Balance at Dec. 31, 2016 | (2,624,502) | (325,000) | (1,045) | 17,062 | (3,294,923) | 18,346 | 994,259 | (2,591,301) | 1,967 | (35,168) | (33,201) | |||||||||||||||||||||||
Other comprehensive income: | ||||||||||||||||||||||||||||||||||
Net income | 178,980 | 0 | 0 | 0 | 0 | 0 | 176,077 | 388 | 2,515 | |||||||||||||||||||||||||
Net Income (Loss) Attributable to Noncontrolling Interest | 2,903 | |||||||||||||||||||||||||||||||||
Net Income (Loss) Attributable to Parent | 176,077 | |||||||||||||||||||||||||||||||||
Current period other comprehensive income, net | 12,246 | 0 | 0 | 0 | 0 | 12,057 | 12,057 | 0 | 12,057 | 21 | 168 | |||||||||||||||||||||||
Other Comprehensive (Income) Loss, Net of Tax, Portion Attributable to Noncontrolling Interest | 189 | |||||||||||||||||||||||||||||||||
Adjustments to Additional Paid in Capital, Share-based Compensation, Other Long-term Incentive Plans, Requisite Service Period Recognition | (9) | 0 | 0 | (1,245) | 1,236 | 0 | 0 | (9) | 0 | 0 | 0 | |||||||||||||||||||||||
Restricted stock issued, net of amortization | 15,295 | 0 | 2 | 0 | 15,293 | 0 | 0 | 15,295 | 0 | 0 | 0 | $ 7,951 | $ 0 | $ 1 | $ 0 | $ 7,950 | $ 0 | $ 0 | $ 7,951 | $ 0 | $ 0 | $ 0 | ||||||||||||
Adjustments Related to Tax Withholding for Share-based Compensation | 18,346 | 0 | (1) | 0 | 18,345 | 0 | 0 | 18,346 | 0 | 0 | 0 | |||||||||||||||||||||||
Stock Issued During Period, Value, Dividend Reinvestment Plan | 1,210 | 1,210 | 0 | 0 | 0 | 1,210 | 0 | 0 | 1,210 | 0 | 0 | 0 | ||||||||||||||||||||||
Common stock issued for stock offerings, net of issuance costs | (4,560,477) | 0 | (667) | 0 | (4,559,810) | 0 | 0 | (4,560,477) | 0 | 0 | 0 | |||||||||||||||||||||||
Partners' Capital Account, Redemptions | 0 | 0 | 0 | 0 | (72) | 0 | 0 | (72) | 0 | 72 | 72 | |||||||||||||||||||||||
Stock Redeemed or Called During Period, Value | (325,000) | (325,000) | 0 | 0 | (11,099) | 0 | (11,099) | (325,000) | 0 | 0 | 0 | |||||||||||||||||||||||
Contributions from partners | 13,478 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13,100 | 378 | 13,478 | |||||||||||||||||||||||
Partners' Capital Account, Distributions | 8,206 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,206 | 8,206 | |||||||||||||||||||||||
Cash dividends declared: | ||||||||||||||||||||||||||||||||||
Preferred stock/unit | (5,029) | 0 | 0 | 0 | 0 | 0 | 5,029 | (5,029) | 0 | 0 | 0 | |||||||||||||||||||||||
Common stock/unit | (324,495) | 0 | 0 | 0 | 0 | 0 | (323,860) | (323,860) | (635) | 0 | (635) | |||||||||||||||||||||||
Ending Balance at Dec. 31, 2017 | (6,733,054) | 0 | (1,714) | 18,307 | (7,873,104) | 6,289 | 1,158,170 | (6,692,052) | (10,907) | (30,095) | (41,002) | |||||||||||||||||||||||
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets | 30,903 | 0 | 0 | 0 | 0 | 12 | 12 | 30,901 | 0 | 2 | 2 | |||||||||||||||||||||||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Adjusted Balance | 6,763,957 | 0 | 1,714 | (18,307) | 7,873,104 | (6,277) | (1,127,281) | 6,722,953 | 10,907 | 30,097 | 41,004 | |||||||||||||||||||||||
Other comprehensive income: | ||||||||||||||||||||||||||||||||||
Net income | 252,325 | 0 | 0 | 0 | 0 | 0 | 249,127 | 525 | 2,673 | |||||||||||||||||||||||||
Net Income (Loss) Attributable to Noncontrolling Interest | 3,198 | |||||||||||||||||||||||||||||||||
Net Income (Loss) Attributable to Parent | 249,127 | |||||||||||||||||||||||||||||||||
Current period other comprehensive income, net | 5,649 | 0 | 0 | 0 | 0 | $ 5,350 | 5,350 | 0 | 5,350 | 11 | 288 | |||||||||||||||||||||||
Other Comprehensive (Income) Loss, Net of Tax, Portion Attributable to Noncontrolling Interest | 299 | |||||||||||||||||||||||||||||||||
Adjustments to Additional Paid in Capital, Share-based Compensation, Other Long-term Incentive Plans, Requisite Service Period Recognition | 13 | 0 | 0 | 1,527 | 1,514 | 0 | 0 | 13 | 0 | 0 | 0 | |||||||||||||||||||||||
Restricted stock issued, net of amortization | 16,745 | 0 | 2 | 0 | 16,743 | 0 | 0 | 16,745 | 0 | 0 | 0 | |||||||||||||||||||||||
Adjustments Related to Tax Withholding for Share-based Compensation | 6,373 | 0 | 0 | 6,373 | 0 | 0 | 6,373 | 0 | 0 | 0 | ||||||||||||||||||||||||
Stock Issued During Period, Value, Dividend Reinvestment Plan | 1,333 | 1,333 | 0 | 0 | 0 | 1,333 | 0 | 0 | 1,333 | 0 | 0 | 0 | ||||||||||||||||||||||
Common stock issued for stock offerings, net of issuance costs | $ (10) | $ 0 | $ 0 | $ 0 | $ (10) | $ 0 | $ 0 | $ (10) | $ 0 | $ 0 | $ 0 | |||||||||||||||||||||||
Stock Repurchased and Retired During Period, Value | (213,851) | 0 | (37) | 0 | (213,814) | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||
Contributions from partners | 13,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13,000 | 13,000 | |||||||||||||||||||||||
Partners' Capital Account, Distributions | 4,526 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,526 | 4,526 | |||||||||||||||||||||||
Cash dividends declared: | ||||||||||||||||||||||||||||||||||
Common stock/unit | (378,088) | 0 | 0 | 0 | 0 | 0 | (377,311) | (377,311) | (777) | 0 | (777) | |||||||||||||||||||||||
Ending Balance at Dec. 31, 2018 | $ (6,450,168) | $ 0 | $ (1,679) | $ 19,834 | $ (7,672,517) | $ 927 | $ 1,255,465 | $ (6,397,970) | $ (10,666) | $ (41,532) | $ (52,198) |
Consolidated Statement of Cha_2
Consolidated Statement of Changes in Equity (Parenthetical) - $ / shares | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Parent Company [Member] | |||
Common stock/unit per share | $ 2.22 | $ 2.10 | $ 2 |
Consolidated Statement of Cha_3
Consolidated Statement of Changes in Partnership Capital Statement - Partnership Interest [Member] - USD ($) $ in Thousands | Total | AOCI Attributable to Parent [Member] | Partners Capital Total [Member] | Noncontrolling Interest [Member] | General Partner [Member] | Limited Partner [Member] | Equity One Inc. [Member] | Equity One Inc. [Member]AOCI Attributable to Parent [Member] | Equity One Inc. [Member]Partners Capital Total [Member] | Equity One Inc. [Member]Noncontrolling Interest [Member] | Equity One Inc. [Member]General Partner [Member] | Equity One Inc. [Member]Limited Partner [Member] |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | $ 2,082,620 | $ (58,693) | $ 2,052,134 | $ 30,486 | $ 2,112,802 | $ (1,975) | ||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | 166,992 | 0 | 165,179 | 1,813 | 164,922 | 257 | ||||||
Current period other comprehensive income, net | 40,831 | 40,347 | 40,405 | 0 | 58 | |||||||
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest | 426 | |||||||||||
Partners' Capital Account, Contributions | 8,760 | 0 | 0 | 8,760 | 0 | 0 | ||||||
Partners' Capital Account, Distributions | 209,261 | 0 | 202,406 | 6,855 | 202,099 | 307 | ||||||
Partners' Capital Account, Redemptions | 0 | 0 | (538) | 538 | (538) | 0 | ||||||
Dividends, Preferred Stock, Cash | 21,062 | 0 | (21,062) | 0 | (21,062) | 0 | ||||||
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures | 13,421 | 0 | 13,421 | 0 | 13,421 | 0 | ||||||
Common unit issued as a result of common stock issued by Parent Company, net of purchases | 542,201 | 0 | 542,201 | 0 | 542,201 | 0 | ||||||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | 2,624,502 | (18,346) | 2,589,334 | 35,168 | 2,609,647 | (1,967) | ||||||
Stock Redeemed or Called During Period, Value | (325,000) | 0 | (325,000) | 0 | (325,000) | 0 | ||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | 178,980 | 0 | 176,465 | 2,515 | 176,077 | 388 | ||||||
Current period other comprehensive income, net | 12,246 | 12,057 | 12,078 | 0 | 21 | |||||||
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest | 168 | |||||||||||
Adjustments to Additional Paid in Capital, Share-based Compensation, Other Long-term Incentive Plans, Requisite Service Period Recognition | (9) | 0 | (9) | 0 | (9) | 0 | ||||||
Partners' Capital Account, Contributions | 13,478 | 0 | 13,100 | 378 | 0 | 13,100 | ||||||
Partners' Capital Account, Distributions | 332,701 | 0 | 324,495 | 8,206 | 323,860 | 635 | ||||||
Partners' Capital Account, Redemptions | 0 | 0 | 72 | (72) | 72 | 0 | ||||||
Dividends, Preferred Stock, Cash | 5,029 | 0 | (5,029) | 0 | (5,029) | 0 | ||||||
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures | 15,295 | 0 | 15,295 | 0 | 15,295 | 0 | $ 7,951 | $ 0 | $ 7,951 | $ 0 | $ 7,951 | $ 0 |
Common unit issued as a result of common stock issued by Parent Company, net of purchases | 4,543,341 | 0 | 4,543,341 | 0 | 4,543,341 | 0 | ||||||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | 6,733,054 | (6,289) | 6,702,959 | 30,095 | 6,698,341 | 10,907 | ||||||
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets | 30,903 | 12 | 30,901 | 2 | 30,889 | 0 | ||||||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Adjusted Balance | 6,763,957 | (6,277) | 6,733,860 | 30,097 | 6,729,230 | 10,907 | ||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | 252,325 | 0 | 249,652 | 2,673 | 249,127 | 525 | ||||||
Current period other comprehensive income, net | 5,649 | 5,350 | 5,361 | 0 | 11 | |||||||
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest | 288 | |||||||||||
Adjustments to Additional Paid in Capital, Share-based Compensation, Other Long-term Incentive Plans, Requisite Service Period Recognition | (13) | 0 | (13) | 0 | (13) | 0 | ||||||
Partners' Capital Account, Contributions | 13,000 | 0 | 0 | 13,000 | 0 | 0 | ||||||
Partners' Capital Account, Distributions | 382,614 | 0 | 378,088 | 4,526 | 377,311 | 777 | ||||||
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures | 16,745 | 0 | 16,745 | 0 | 16,745 | 0 | ||||||
Common unit issued as a result of common stock issued by Parent Company, net of purchases | (5,030) | 0 | (5,030) | 0 | (5,030) | 0 | ||||||
Common unit repurchased and retired as a result of common stock repurchased and retired by Parent Company | (213,851) | 0 | (213,851) | 0 | (213,851) | 0 | ||||||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | $ 6,450,168 | $ (927) | $ 6,408,636 | $ 41,532 | $ 6,398,897 | $ 10,666 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Document Fiscal Year Focus | 2,018 | ||
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Equity in income of investments in real estate partnerships | $ (42,974) | $ (43,341) | $ (56,518) |
Impairment of Real Estate | 31,041 | 0 | 1,700 |
Deferred income tax expense (benefit) of taxable REIT subsidiary | (5,145) | (10,815) | 0 |
Changes in assets and liabilities: | |||
Straight-line rent receivable, net | (105,677) | (93,284) | |
Parent Company [Member] | |||
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | 45,190 | 49,381 | 17,879 |
Cash flows from operating activities: | |||
Net income | 252,325 | 178,980 | 166,992 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation and amortization | 359,688 | 334,201 | 162,327 |
Amortization of deferred loan costs and debt premiums | 10,476 | 9,509 | 9,762 |
(Accretion) and amortization of above and below market lease intangibles, net | (33,330) | (23,144) | (3,879) |
Stock-based compensation, net of capitalization | 13,635 | 20,549 | 10,652 |
Equity in income of investments in real estate partnerships | (42,974) | (43,341) | (56,518) |
Gain Loss On Sale Of Properties Including Discontinued Operations | (28,343) | (27,432) | (47,321) |
Asset Impairment Charges | 38,437 | 0 | 4,200 |
Early extinguishment of debt | 11,172 | 12,449 | 14,240 |
Deferred income tax expense (benefit) of taxable REIT subsidiary | 0 | (9,737) | 0 |
Proceeds from Equity Method Investment, Distribution | 54,266 | 53,502 | 50,361 |
Gain on derivative instruments | 0 | 76 | 0 |
Deferred compensation expense | (1,085) | 3,844 | 1,655 |
Net Realized and Unrealized Gain (Loss) on Trading Securities | (1,177) | 3,837 | 1,673 |
Changes in assets and liabilities: | |||
Tenant and other receivables, net | (26,374) | (26,081) | (8,800) |
Deferred leasing costs | (8,366) | (14,448) | (10,349) |
Other assets (note 5) | (1,410) | 9,536 | 673 |
Increase (Decrease) in Other Accounts Payable and Accrued Liabilities | (760) | (2,114) | 5,419 |
Tenants’ security, escrow deposits and prepaid rent | 11,793 | (2,728) | (564) |
Net cash provided by operating activities | 610,327 | 469,784 | 297,177 |
Cash flows from investing activities: | |||
Acquisition of operating real estate | (85,289) | (124,727) | (333,220) |
Payments for (Proceeds from) Deposits on Real Estate Acquisitions | 0 | 4,917 | 750 |
Payments to Acquire Businesses, Net of Cash Acquired | 0 | (646,790) | 0 |
Real estate development and capital improvements | (226,191) | (346,857) | (233,451) |
Proceeds from sale of real estate investments | 250,445 | 110,015 | 135,161 |
Payments for (Proceeds from) Loans Receivable | 15,648 | (5,236) | 0 |
Investments in real estate partnerships | (74,238) | (23,529) | (37,879) |
Proceeds from Equity Method Investment, Distribution, Return of Capital | 14,647 | 36,603 | 58,810 |
Payments for (Proceeds from) Other Investing Activities | 531 | 365 | 330 |
Acquisition of investment securities | (23,164) | (23,535) | (55,223) |
Proceeds from sale of investment securities | 21,587 | 21,378 | 57,590 |
Net Cash Provided by (Used in) Investing Activities | (106,024) | (1,007,230) | (408,632) |
Cash flows from financing activities: | |||
Proceeds from Issuance of Common Stock | 0 | 88,458 | 548,920 |
Payments Related to Tax Withholding for Share-based Compensation | (6,772) | (18,649) | (7,984) |
Proceeds from sale of treasury stock | 99 | 100 | 957 |
Payments for Repurchase of Common Stock | 0 | 0 | 29 |
Payments for Repurchase of Shares in Repurchase Program | (213,851) | 0 | 0 |
Redemption of preferred stock and partnership units | 0 | (325,000) | 0 |
Proceeds from (Payments to) Noncontrolling Interests | (4,526) | (8,139) | (4,213) |
Payments of Ordinary Dividends, Noncontrolling Interest | (777) | (635) | (307) |
Dividends paid to common stockholders | (375,978) | (322,650) | (201,029) |
Dividends paid to preferred stockholders | 0 | (5,029) | (21,062) |
Repayment of fixed rate unsecured notes | (150,000) | 0 | (300,000) |
Proceeds from Issuance of Unsecured Debt | 299,511 | 953,115 | 0 |
Proceeds from unsecured credit facilities | 575,000 | 1,100,000 | 460,000 |
Repayment of unsecured credit facilities | (490,000) | (755,000) | (345,000) |
Proceeds from notes payable | 1,740 | 131,069 | 53,446 |
Repayment of notes payable | (113,037) | (232,839) | (72,803) |
Repayments of Secured Debt | 9,964 | 10,162 | 5,860 |
Payment of loan costs | (9,448) | (13,271) | (2,233) |
Payment for Debt Extinguishment or Debt Prepayment Cost | (10,491) | (12,420) | (14,092) |
Net cash (used in) provided by financing activities | (508,494) | 568,948 | 88,711 |
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect | (4,191) | 31,502 | (22,744) |
Supplemental disclosure of cash flow information: | |||
Cash paid for interest (net of capitalized interest of $000, $6,078, and $3,686 in 2014, 2013, and 2012, respectively) | 136,645 | 109,956 | 82,950 |
Income Taxes Paid | (5,455) | 269 | 0 |
Supplemental disclosure of non-cash transactions: | |||
Stock Issued During Period, Value, Conversion of Units | 0 | 13,100 | 0 |
Mortgage loans assumed for the acquisition of real estate | 9,700 | 27,000 | 0 |
Unrealized Gain (Loss) on Securities | (206) | (8) | 24 |
Stock Issued During Period, Value, Dividend Reinvestment Plan | 1,333 | 1,210 | 1,070 |
Contributions from limited partners in consolidated partnerships, net | 13,000 | 186 | 8,755 |
Common stock issued for dividend reinvestment in trust | 841 | 557 | 728 |
Stock-based compensation capitalized | 3,509 | 3,210 | 2,963 |
Contribution of stock awards into trust | 1,314 | 1,372 | 1,538 |
Distribution of stock held in trust | 524 | 677 | 4,114 |
Deconsolidation of consolidated partnership, Real estate, net | 0 | 0 | 14,144 |
Deconsolidation of consolidated partnership, Return of capital | 0 | 0 | (3,355) |
Deconsolidation of consolidated partnership, Mortgage Notes Payable | 0 | 0 | (9,415) |
Deconsolidation of consolidated partnership, Other assets and liabilities | 0 | 0 | 571 |
Deconsolidation of consolidated partnership, Noncontrolling Interest | 0 | 0 | (2,099) |
Partnership Interest [Member] | |||
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | 45,190 | 49,381 | 17,879 |
Cash flows from operating activities: | |||
Net income | 252,325 | 178,980 | 166,992 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation and amortization | 359,688 | 334,201 | 162,327 |
Amortization of deferred loan costs and debt premiums | 10,476 | 9,509 | 9,762 |
(Accretion) and amortization of above and below market lease intangibles, net | (33,330) | (23,144) | (3,879) |
Stock-based compensation, net of capitalization | 13,635 | 20,549 | 10,652 |
Equity in income of investments in real estate partnerships | (42,974) | (43,341) | (56,518) |
Gain Loss On Sale Of Properties Including Discontinued Operations | (28,343) | (27,432) | (47,321) |
Impairment of Real Estate | 38,437 | 0 | 4,200 |
Asset Impairment Charges | 38,437 | 0 | 4,200 |
Early extinguishment of debt | 11,172 | 12,449 | 14,240 |
Deferred income tax expense (benefit) of taxable REIT subsidiary | 0 | (9,737) | 0 |
Proceeds from Equity Method Investment, Distribution | 54,266 | 53,502 | 50,361 |
Gain on derivative instruments | 0 | 76 | 0 |
Deferred compensation expense | (1,085) | 3,844 | 1,655 |
Net Realized and Unrealized Gain (Loss) on Trading Securities | (1,177) | 3,837 | 1,673 |
Changes in assets and liabilities: | |||
Tenant and other receivables, net | (26,374) | (26,081) | (8,800) |
Deferred leasing costs | (8,366) | (14,448) | (10,349) |
Other assets (note 5) | (1,410) | 9,536 | 673 |
Accounts payable and other liabilities | (760) | (2,114) | 5,419 |
Tenants’ security, escrow deposits and prepaid rent | 11,793 | (2,728) | (564) |
Net cash provided by operating activities | 610,327 | 469,784 | 297,177 |
Cash flows from investing activities: | |||
Acquisition of operating real estate | (85,289) | (124,727) | (333,220) |
Payments for (Proceeds from) Deposits on Real Estate Acquisitions | 0 | 4,917 | 750 |
Payments to Acquire Businesses, Net of Cash Acquired | 0 | (646,790) | 0 |
Real estate development and capital improvements | (226,191) | (346,857) | (233,451) |
Proceeds from sale of real estate investments | 250,445 | 110,015 | 135,161 |
Payments for (Proceeds from) Loans Receivable | 15,648 | (5,236) | 0 |
Investments in real estate partnerships | (74,238) | (23,529) | (37,879) |
Proceeds from Equity Method Investment, Distribution, Return of Capital | 14,647 | 36,603 | 58,810 |
Payments for (Proceeds from) Other Investing Activities | 531 | 365 | 330 |
Acquisition of investment securities | (23,164) | (23,535) | (55,223) |
Proceeds from sale of investment securities | 21,587 | 21,378 | 57,590 |
Net Cash Provided by (Used in) Investing Activities | (106,024) | (1,007,230) | (408,632) |
Proceeds from Issuance of Common Limited Partners Units | 0 | 88,458 | 548,920 |
Cash flows from financing activities: | |||
Payments Related to Tax Withholding for Share-based Compensation | (6,772) | (18,649) | (7,984) |
Proceeds from sale of treasury stock | 99 | 100 | 957 |
Payments for Repurchase of Common Stock | 0 | 0 | 29 |
Payments for Repurchase of Shares in Repurchase Program | (213,851) | 0 | 0 |
Redemption of preferred stock and partnership units | 0 | (325,000) | 0 |
Proceeds from (Payments to) Noncontrolling Interests | (4,526) | (8,139) | (4,213) |
Dividends paid to common stockholders | (376,755) | (323,285) | (201,336) |
Dividends paid to preferred stockholders | 0 | (5,029) | (21,062) |
Repayment of fixed rate unsecured notes | (150,000) | 0 | (300,000) |
Proceeds from Issuance of Unsecured Debt | 299,511 | 953,115 | 0 |
Proceeds from unsecured credit facilities | 575,000 | 1,100,000 | 460,000 |
Repayment of unsecured credit facilities | (490,000) | (755,000) | (345,000) |
Proceeds from notes payable | 1,740 | 131,069 | 53,446 |
Repayment of notes payable | (113,037) | (232,839) | (72,803) |
Repayments of Secured Debt | 9,964 | 10,162 | 5,860 |
Payment of loan costs | (9,448) | (13,271) | (2,233) |
Payment for Debt Extinguishment or Debt Prepayment Cost | (10,491) | (12,420) | (14,092) |
Net cash (used in) provided by financing activities | (508,494) | 568,948 | 88,711 |
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect | (4,191) | 31,502 | (22,744) |
Supplemental disclosure of cash flow information: | |||
Cash paid for interest (net of capitalized interest of $000, $6,078, and $3,686 in 2014, 2013, and 2012, respectively) | 136,645 | 109,956 | 82,950 |
Income Taxes Paid | (5,455) | (269) | 0 |
Supplemental disclosure of non-cash transactions: | |||
Stock Issued During Period, Value, Conversion of Units | 0 | 13,100 | 0 |
Mortgage loans assumed for the acquisition of real estate | 9,700 | 27,000 | 0 |
Unrealized Gain (Loss) on Securities | (206) | (8) | 24 |
Stock Issued During Period, Value, Dividend Reinvestment Plan | 1,333 | 1,210 | 1,070 |
Contributions from limited partners in consolidated partnerships, net | 13,000 | 186 | 8,755 |
Common stock issued for dividend reinvestment in trust | 841 | 557 | 728 |
Stock-based compensation capitalized | 3,509 | 3,210 | 2,963 |
Contribution of stock awards into trust | 1,314 | 1,372 | 1,538 |
Distribution of stock held in trust | 524 | 677 | 4,114 |
Deconsolidation of consolidated partnership, Real estate, net | 0 | 0 | 14,144 |
Deconsolidation of consolidated partnership, Return of capital | 0 | 0 | (3,355) |
Deconsolidation of consolidated partnership, Mortgage Notes Payable | 0 | 0 | (9,415) |
Deconsolidation of consolidated partnership, Other assets and liabilities | 0 | 0 | 571 |
Deconsolidation of consolidated partnership, Noncontrolling Interest | 0 | 0 | (2,099) |
Common Stock | Parent Company [Member] | |||
Supplemental disclosure of non-cash transactions: | |||
Stock Issued During Period, Value, Dividend Reinvestment Plan | 1,333 | 1,210 | 1,070 |
Equity One Inc. [Member] | |||
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Stock-based compensation, net of capitalization | 0 | 7,931 | 0 |
Equity One Inc. [Member] | Partnership Interest [Member] | |||
Supplemental disclosure of non-cash transactions: | |||
Mortgage loans assumed for the acquisition of real estate | 0 | 757,399 | 0 |
Common stock exchanged for Equity One shares | $ 0 | $ 4,471,808 | $ 0 |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2018 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Summary of Significant Accounting Policies | Organization and Principles of Consolidation General Regency Centers Corporation (the “Parent Company”) began its operations as a REIT in 1993 and is the general partner of Regency Centers, L.P. (the “Operating Partnership”). The Parent Company engages in the ownership, management, leasing, acquisition, development and redevelopment of shopping centers through the Operating Partnership, and has no other assets other than through its investment in the Operating Partnership. The Parent Company's only liabilities are $500 million of unsecured notes, which are co-issued and guaranteed by the Operating Partnership. The Parent Company guarantees all of the unsecured debt of the Operating Partnership. As of December 31, 2018 , the Parent Company, the Operating Partnership, and their controlled subsidiaries on a consolidated basis (the "Company” or “Regency”) owned 305 properties and held partial interests in an additional 120 properties through unconsolidated Investments in real estate partnerships (also referred to as "joint ventures" or "co-investment partnerships"). On March 1, 2017, Regency completed its merger with Equity One, whereby Equity One merged with and into Regency, with Regency continuing as the surviving public company. Under the terms of the Merger Agreement, each Equity One stockholder received 0.45 of a newly issued share of Regency common stock for each share of Equity One common stock owned immediately prior to the effective time of the merger, resulting in the issuance of approximately $65.5 million shares of Regency common stock to effect the merger. Estimates, Risks, and Uncertainties The preparation of the consolidated financial statements in conformity with U.S. GAAP requires the Company's management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of commitments and contingent assets and liabilities, at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The most significant estimates in the Company's financial statements relate to the net carrying values of its real estate investments, collectability of accounts receivable and straight line rent receivable, goodwill, and acquired lease intangible assets and acquired lease intangible liabilities. It is possible that the estimates and assumptions that have been utilized in the preparation of the consolidated financial statements could change significantly if economic conditions were to weaken. Consolidation The accompanying consolidated financial statements include the accounts of the Parent Company, the Operating Partnership, its wholly-owned subsidiaries, and consolidated partnerships in which the Company has a controlling interest. Investments in real estate partnerships not controlled by the Company are accounted for under the equity method. All significant inter-company balances and transactions are eliminated in the consolidated financial statements. The Company consolidates properties that are wholly owned or properties where it owns less than 100%, but which it controls. Control is determined using an evaluation based on accounting standards related to the consolidation of VIEs and voting interest entities. For joint ventures that are determined to be a VIE, the Company consolidates the entity where it is deemed to be the primary beneficiary. Determination of the primary beneficiary is based on whether an entity has (1) the power to direct the activities of the VIE that most significantly impact the entity's economic performance, and (2) the obligation to absorb losses of the entity that could potentially be significant to the VIE or the right to receive benefits from the entity that could potentially be significant to the VIE. Ownership of the Parent Company The Parent Company has a single class of common stock outstanding. Ownership of the Operating Partnership The Operating Partnership's capital includes general and limited common Partnership Units. As of December 31, 2018 , the Parent Company owned approximately 99.8% , or 167,904,593 , of the 168,254,495 outstanding common Partnership Units of the Operating Partnership, with the remaining limited common Partnership Units held by third parties ("Exchangeable operating partnership units" or "EOP units"). The Parent Company serves as general partner of the Operating Partnership. The EOP unit holders have limited rights over the Operating Partnership such that they do not have the power to direct the activities of the Operating Partnership. Accordingly, the Operating Partnership is considered a VIE, and the Parent Company, which consolidates it, is the primary beneficiary. The Parent Company's only investment is the Operating Partnership. Net income and distributions of the Operating Partnership are allocable to the general and limited common Partnership Units in accordance with their ownership percentages. Real Estate Partnerships Regency has a partial ownership interest in 133 properties through partnerships, of which 13 are consolidated. Regency's partners include institutional investors, other real estate developers and/or operators, and individual parties who had a role in Regency sourcing transactions for development and investment (the "Partners" or "limited partners"). Regency has a variable interest in these entities through its equity interests. As managing member, Regency maintains the books and records and typically provides leasing and property management to the partnerships. The Partners’ level of involvement in these partnerships varies from protective decisions (debt, bankruptcy, selling primary asset(s) of business) to involvement in approving leases, operating budgets, and capital budgets. The assets of these partnerships are restricted to the use of the partnerships and cannot be used by general creditors of the Company. And similarly, the obligations of these partnerships can only be settled by the assets of these partnerships. • Those partnerships for which the Partners are involved in the day to day decisions and do not have any other aspects that would cause them to be considered VIEs, are evaluated for consolidation using the voting interest model. ◦ Those partnerships in which Regency has a controlling financial interest are consolidated and the limited partners’ ownership interest and share of net income is recorded as noncontrolling interest. ◦ Those partnerships in which Regency does not have a controlling financial interest are accounted for using the equity method and Regency's ownership interest is recognized through single-line presentation as Investments in real estate partnerships, in the Consolidated Balance Sheet, and Equity in income of investments in real estate partnerships, in the Consolidated Statements of Operations. Cash distributions of earnings from operations from Investments in real estate partnerships are presented in Cash flows provided by operating activities in the accompanying Consolidated Statements of Cash Flows. Cash distributions from the sale of a property or loan proceeds received from the placement of debt on a property included in Investments in real estate partnerships are presented in Cash flows provided by investing activities in the accompanying Consolidated Statements of Cash Flows. Distributed proceeds from debt refinancing and real estate sales in excess of Regency's carrying value of its investment has resulted in a negative investment balance for one partnership, which is recorded within Accounts payable and other liabilities in the Consolidated Balance Sheets. The net difference in the carrying amount of investments in real estate partnerships and the underlying equity in net assets is accreted to earnings and recorded in Equity in income of investments in real estate partnerships in the accompanying Consolidated Statements of Operations over the expected useful lives of the properties and other intangible assets, which range in lives from 10 to 40 years. • Those partnerships for which the Partners only have protective rights are considered VIEs under ASC Topic 810, Consolidation . Regency is the primary beneficiary of these VIEs as Regency has power over these partnerships and they operate primarily for the benefit of Regency. As such, Regency consolidates these entities and reports the limited partners’ interest as noncontrolling interests. The majority of the operations of the VIEs are funded with cash flows generated by the properties, or in the case of developments, with capital contributions or third party construction loans. Regency does not provide financial support to the VIEs. The major classes of assets, liabilities, and noncontrolling equity interests held by the Company's VIEs, exclusive of the Operating Partnership as a whole, are as follows: (in thousands) December 31, 2018 December 31, 2017 Assets Net real estate investments $112,085 172,736 Cash and cash equivalents 7,309 4,993 Liabilities Notes payable 18,432 16,551 Equity Limited partners’ interests in consolidated partnerships 30,280 17,572 Noncontrolling Interests Noncontrolling Interests of the Parent Company The consolidated financial statements of the Parent Company include the following ownership interests held by owners other than the common stockholders of the Parent Company: (i) the limited Partnership Units in the Operating Partnership held by third parties ("Exchangeable operating partnership units") and (ii) the minority-owned interest held by third parties in consolidated partnerships (“Limited partners' interests in consolidated partnerships”). The Parent Company has included all of these noncontrolling interests in permanent equity, separate from the Parent Company's stockholders' equity, in the accompanying Consolidated Balance Sheets and Consolidated Statements of Equity. The portion of net income or comprehensive income attributable to these noncontrolling interests is included in net income and comprehensive income in the accompanying Consolidated Statements of Operations and Consolidated Statements of Comprehensive Income of the Parent Company. In accordance with ASC Topic 480, Distinguishing Liabilities from Equity , securities that are redeemable for cash or other assets at the option of the holder, not solely within the control of the issuer, are to be classified as redeemable noncontrolling interests outside of permanent equity in the Consolidated Balance Sheets. The Parent Company has evaluated the conditions as specified under ASC Topic 480 as it relates to exchangeable operating partnership units outstanding and concluded that it has the right to satisfy the redemption requirements of the units by delivering unregistered common stock. Each outstanding exchangeable operating partnership unit is exchangeable for one share of common stock of the Parent Company, and the unit holder cannot require redemption in cash or other assets. Limited partners' interests in consolidated partnerships are not redeemable by the holders. The Parent Company also evaluated its fiduciary duties to itself, its shareholders, and, as the managing general partner of the Operating Partnership, to the Operating Partnership, and concluded its fiduciary duties are not in conflict with each other or the underlying agreements. Therefore, the Parent Company classifies such units and interests as permanent equity in the accompanying Consolidated Balance Sheets and Consolidated Statements of Equity. Noncontrolling Interests of the Operating Partnership The Operating Partnership has determined that limited partners' interests in consolidated partnerships are noncontrolling interests. Subject to certain conditions and pursuant to the terms of the agreement, the Company generally has the right, but not the obligation, to purchase the other member’s interest or sell its own interest in these consolidated partnerships. The Operating Partnership has included these noncontrolling interests in permanent capital, separate from partners' capital, in the accompanying Consolidated Balance Sheets and Consolidated Statements of Capital. The portion of net income (loss) or comprehensive income (loss) attributable to these noncontrolling interests is included in net income and comprehensive income in the accompanying Consolidated Statements of Operations and Consolidated Statements Comprehensive Income of the Operating Partnership. (b) Revenues and Tenant Receivable Leasing Revenue and Receivables The Company leases space to tenants under agreements with varying terms. Leases are accounted for as operating leases with minimum rent recognized on a straight-line basis over the term of the lease regardless of when payments are due. When the Company is the owner of the leasehold improvements, recognition of straight-line lease revenue commences when the lessee is given possession of the leased space upon completion of tenant improvements. However, when the leasehold improvements are owned by the tenant, the lease inception date is the date the tenant obtains possession of the leased space for purposes of constructing its leasehold improvements. More than half of all of the lease agreements with anchor tenants contain provisions that provide for additional rents based on tenants' sales volume ("percentage rent"). Percentage rents are recognized when the tenants achieve the specified targets as defined in their lease agreements. Most all lease agreements contain provisions for reimbursement of the tenants' share of real estate taxes, insurance and CAM costs. Recovery of real estate taxes, insurance, and CAM costs are recognized as the respective costs are incurred in accordance with the lease agreements. The following table represents the components of Tenant and other receivables, net in the accompanying Consolidated Balance Sheets: December 31, (in thousands) 2018 2017 Billed tenant receivables $ 25,590 25,329 Accrued CAM, insurance and tax reimbursements 25,305 14,825 Other receivables 30,953 34,472 Straight-line rent receivables 105,677 93,284 Notes receivable — 15,803 Less: allowance for doubtful accounts (10,100 ) (8,040 ) Less: straight-line rent reserves (5,066 ) (4,688 ) Total tenant and other receivables, net $ 172,359 170,985 The Company estimates the collectibility of the accounts receivable related to base rents, straight-line rents, expense reimbursements, and other revenue taking into consideration the Company's historical write-off experience, tenant credit-worthiness, current economic trends, and remaining lease terms . The Company recorded the following provisions for doubtful accounts: Year ended December 31, (in thousands) 2018 2017 2016 Gross provision for doubtful accounts $ 4,993 3,992 1,705 Provision for straight line rent reserve $ 1,741 1,129 2,271 Real Estate Sales On January 1, 2018, the Company adopted the new accounting guidance for sales of nonfinancial assets (“Subtopic 610-20”), as discussed further in the section below, Recent Accounting Pronouncements. Upon adoption of the new standard, the Company's accounting policy for real estate sales subject to Subtopic 610-20 has been updated. Effective January 1, 2018, the Company derecognizes real estate and recognizes a gain or loss on sales of real estate when a contract exists and control of the property has transferred to the buyer. Control of the property, including controlling financial interest, is generally considered to transfer upon closing through transfer of the legal title and possession of the property. Any retained noncontrolling interest is measured at fair value. This change in accounting policy resulted in the recognition, through opening retained earnings on January 1, 2018, of $30.9 million of previously deferred gains from property sales to the Company's Investments in real estate partnerships. Prior to January 1, 2018, the Company recognized profits from sales of real estate under the full accrual method by the Company when: (i) a sale was consummated; (ii) the buyer's initial and continuing investment was adequate to demonstrate a commitment to pay for the property; (iii) the Company's receivable, if applicable, was not subject to future subordination; (iv) the Company had transferred to the buyer the usual risks and rewards of ownership; and (v) the Company did not have substantial continuing involvement with the property. Management Services On January 1, 2018, the Company adopted the new accounting guidance for revenue recognition (Topic 606 Revenue from Contracts with Customers , “Topic 606”), as discussed further in the section below, Recent Accounting Pronouncements. Upon adoption of the new standard, certain of the Company's significant accounting policies subject to Topic 606 have been updated. The Company adopted Topic 606 using a modified retrospective approach and applied the transition practical expedients allowed by the standard. Additionally, the Company does not need to estimate variable consideration to recognize revenue and was able to apply the practical expedient related to the remaining performance obligations, because all of its performance obligations are: • satisfied at a point in time, • part of a contract that has an original expected duration of one year or less, or • considered to be a series of performance obligations where variable consideration is allocated entirely to a wholly unsatisfied distinct day of service that forms part of the series. Subsequent to the adoption of Topic 606, the Company recognizes revenue when or as control of the promised services are transferred to its customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services. The following is a description of the Company's revenue from contracts with customers which is in the scope of Topic 606. Property and Asset Management Services The Company is engaged under agreements with its joint venture partnerships, which are generally perpetual in nature and cancellable through unanimous partner approval, absent an event of default. Under these agreements, the Company is to provide asset management, property management, and leasing services for the joint ventures' shopping centers. The fees are market-based, generally calculated as a percentage of either revenues earned or the estimated values of the properties managed or the proceeds received, and are recognized over the monthly or quarterly periods as services are rendered. Property management and asset management services represent a series of distinct daily services. Accordingly, the Company satisfies its performance obligation as service is rendered each day and the variability associated with that compensation is resolved each day. Amounts due from the partnerships for such services are paid during the month following the monthly or quarterly service periods. Several of the Company’s partnership agreements provide for incentive payments, generally referred to as “promotes” or “earnouts,” to Regency for appreciation in property values in Regency's capacity as manager. The terms of these promotes are based on appreciation in real estate value over designated time intervals. The Company evaluates its expected promote payout at each reporting period, which generally does not result in revenue recognition until the measurement period has completed, when the amount can be reasonably determined and the amount is not probable of significant reversal. The Company did not recognize any promote revenue during the years ended December 31, 2018 , 2017 , or 2016 . Leasing Services Leasing service fees are based on a percentage of the total rent due under the lease. The leasing service is considered performed upon successful execution of an acceptable tenant lease for the joint ventures’ shopping centers, at which time revenue is recognized. Payment of the first half of the fee is generally due upon lease execution and the second half is generally due upon tenant opening or rent payments commencing. Transaction Services The Company also receives transaction fees, as contractually agreed upon with each joint venture, which include acquisition fees, disposition fees, and financing service fees. Control of these services is generally transferred at the time the related transaction closes, which is the point in time when the Company recognizes the related fee revenue. Any unpaid amounts related to transaction-based fees are included in Tenant and other receivables, net, within the Consolidated Balance Sheets. All income from management service contracts is included within Management, transaction and other fees on the Consolidated Statements of Operations, as follows: Year ended December 31, (in thousands) Timing of satisfaction of performance obligations 2018 2017 2016 Property management services Over time $ 14,663 13,917 13,075 Asset management services Over time 7,213 7,090 6,746 Leasing services Point in time 4,044 3,573 4,285 Other transaction fees Point in time 2,574 1,578 1,221 Total management, transaction, and other fees $ 28,494 26,158 25,327 The accounts receivable for management services, which is included within Tenant and other receivables, net, in the accompanying Consolidated Balance Sheets, are $12.5 million and $8.7 million, as of December 31, 2018 and 2017 . (c) Real Estate Investments The following table details the components of Real estate assets in the Consolidated Balance Sheets: (in thousands) December 31, 2018 December 31, 2017 Land $ 4,205,445 4,235,032 Land improvements 613,847 556,140 Buildings 5,088,102 4,999,378 Building and tenant improvements 901,596 787,880 Construction in progress 54,172 314,391 Total real estate assets $ 10,863,162 10,892,821 Capitalization and Depreciation Maintenance and repairs that do not improve or extend the useful lives of the respective assets are recorded in operating and maintenance expense. As part of the leasing process, the Company may provide the lessee with an allowance for the construction of leasehold improvements. These leasehold improvements are capitalized and recorded as tenant improvements, and depreciated over the shorter of the useful life of the improvements or the remaining lease term. If the allowance represents a payment for a purpose other than funding leasehold improvements, or in the event the Company is not considered the owner of the improvements, the allowance is considered to be a lease incentive and is recognized over the lease term as a reduction of minimum rent. Factors considered during this evaluation include, among other things, who holds legal title to the improvements as well as other controlling rights provided by the lease agreement and provisions for substantiation of such costs (e.g. unilateral control of the tenant space during the build-out process). Determination of the appropriate accounting for the payment of a tenant allowance is made on a lease-by-lease basis, considering the facts and circumstances of the individual tenant lease. Depreciation is computed using the straight-line method over estimated useful lives of approximately 15 years for land improvements, 40 years for buildings and improvements, and the shorter of the useful life or the remaining lease term subject to a maximum of 10 years for tenant improvements, and three to seven years for furniture and equipment. Development Costs Land, buildings, and improvements are recorded at cost. All specifically identifiable costs related to development activities are capitalized into Real estate assets in the accompanying Consolidated Balance Sheets, and are included in Construction in progress within the above table. The capitalized costs include pre-development costs essential to the development of the property, development costs, construction costs, interest costs, real estate taxes, and allocated direct employee costs incurred during the period of development. Interest costs are capitalized into each development project based upon applying the Company's weighted average borrowing rate to that portion of the actual development costs expended. The Company discontinues interest and real estate tax capitalization when the property is no longer being developed or is available for occupancy upon substantial completion of tenant improvements, but in no event would the Company capitalize interest on the project beyond 12 months after substantial completion of the building shell. Pre-development costs represent the costs the Company incurs prior to land acquisition including contract deposits, as well as legal, engineering, and other external professional fees related to evaluating the feasibility of developing a shopping center. As of December 31, 2018 and 2017 , the Company had deposits of approximately $550,000 and $3.5 million , respectively, included in Construction in progress. If the Company determines that the development of a particular shopping center is no longer probable, any related pre-development costs previously capitalized are immediately expensed. During the years ended December 31, 2018 , 2017 , and 2016 , the Company expensed pre-development costs of approximately $1.9 million , $1.5 million , and $1.5 million , respectively, in Other operating expenses in the accompanying Consolidated Statements of Operations. Acquisitions Through June 30, 2017, the Company and its real estate partnerships accounted for operating property acquisitions as business combinations using the acquisition method. Effective July 1, 2017, upon the adoption of Accounting Standards Update ("ASU") 2017-01: Business Combinations (Topic 805) - Clarifying the Definition of a Business , operating property acquisitions are generally considered asset acquisitions. The Company expenses transaction costs associated with business combinations in the period incurred and capitalizes transaction costs associated with asset acquisitions. Both business combinations and asset acquisitions require that the Company recognize and measure the identifiable assets acquired, the liabilities assumed, and any noncontrolling interest in the operating property acquired ("acquiree"). The Company's methodology includes estimating an “as-if vacant” fair value of the physical property, which includes land, building, and improvements. In addition, the Company determines the estimated fair value of identifiable intangible assets and liabilities, considering the following categories: (i) value of in-place leases, and (ii) above and below-market value of in-place leases. The value of in-place leases is estimated based on the value associated with the costs avoided in originating leases compared to the acquired in-place leases as well as the value associated with lost rental and recovery revenue during the assumed lease-up period. The value of in-place leases is recorded to Depreciation and amortization expense in the Consolidated Statements of Operations over the remaining expected term of the respective leases. Above-market and below-market in-place lease values for acquired properties are recorded based on the present value of the difference between (i) the contractual amounts to be paid pursuant to the in-place leases and (ii) management's estimate of fair market lease rates for comparable in-place leases, measured over a period equal to the remaining non-cancelable term of the lease, including below-market renewal options, if applicable. The value of above-market leases is amortized as a reduction of minimum rent over the remaining terms of the respective leases and the value of below-market leases is accreted to minimum rent over the remaining terms of the respective leases, including below-market renewal options, if applicable. The Company does not assign value to customer relationship intangibles if it has pre-existing business relationships with the major retailers at the acquired property since they do not provide incremental value over the Company's existing relationships. Held for Sale The Company classifies land, an operating property, or a property in development as held-for-sale upon satisfaction of the following criteria: (i) management commits to a plan to sell a property (or group of properties), (ii) the property is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such properties, (iii) an active program to locate a buyer and other actions required to complete the plan to sell the property have been initiated, (iv) the sale of the property is probable and transfer of the asset is expected to be completed within one year, (v) the property is being actively marketed for sale, and (vi) actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn. Properties held-for-sale are carried at the lower of cost or fair value less costs to sell. Impairment We evaluate whether there are any indicators, including property operating performance and general market conditions, that the value of the real estate properties (including any related amortizable intangible assets or liabilities) may not be recoverable. For those properties with such indicators, management evaluates recoverability of the property's carrying amount. Through the evaluation, we compare the current carrying value of the asset to the estimated undiscounted cash flows that are directly associated with the use and ultimate disposition of the asset. Our estimated cash flows are based on several key assumptions, including rental rates, costs of tenant improvements, leasing commissions, anticipated hold period, and assumptions regarding the residual value upon disposition, including the exit capitalization rate. These key assumptions are subjective in nature and could differ materially from actual results. Changes in our disposition strategy or changes in the marketplace may alter the hold period of an asset or asset group which may result in an impairment loss and such loss could be material to the Company's financial condition or operating performance. To the extent that the carrying value of the asset exceeds the estimated undiscounted cash flows, an impairment loss is recognized equal to the excess of carrying value over fair value. If such indicators are not identified, management will not assess the recoverability of a property's carrying value. If a property previously classified as held and used is changed to held-for-sale, the Company estimates fair value, less expected costs to sell, which could cause the Company to determine that the property is impaired. The fair value of real estate assets is subjective and is determined through comparable sales information and other market data if available, or through use of an income approach such as the direct capitalization method or the traditional discounted cash flow approach. Such cash flow projections consider factors such as expected future operating income, trends and prospects, as well as the effects of demand, competition and other factors, and therefore is subject to management judgment and changes in those factors could impact the determination of fair value. In estimating the fair value of undeveloped land, the Company generally uses market data and comparable sales information. A loss in value of investments in real estate partnerships under the equity method of accounting, other than a temporary decline, must be recognized in the period in which the loss occurs. If management identifies indicators that the value of the Company's investment in real estate partnerships may be impaired, it evaluates the investment by calculating the fair value of the investment by discounting estimated future cash flows over the expected term of the investment. Tax Basis The net book basis of the Company's real estate assets exceeds the net tax basis by approximately $2.8 billion at both December 31, 2018 and 2017 , primarily due to the tax free merger with Equity One and inheriting lower carryover tax basis. (d) Cash and Cash Equivalents and Restricted Cash Any instruments which have an original maturity of 90 days or less when purchased are considered cash equivalents. As of December 31, 2018 and 2017 , $2.7 million and $4.0 million , respectively, of cash was restricted through escrow agreements and certain mortgage loans, and are presented as Restricted cash in the Consolidated Balance Sheets. (e) Other Assets Goodwill Goodwill represents the excess of the purchase price consideration for the Equity One merger over the fair value of the assets acquired and liabilities assumed. The Company accounts for goodwill in accordance with ASC Topic 350, Intangibles |
Real Estate Investments
Real Estate Investments | 12 Months Ended |
Dec. 31, 2018 | |
Real Estate [Abstract] | |
Real Estate Disclosure [Text Block] | 2. Real Estate Investments Acquisitions The following tables detail the shopping centers acquired or land acquired or leased for development. (in thousands) December 31, 2018 Date Purchased Property Name City/State Property Type Purchase Price Debt Assumed, Net of Premiums Intangible Assets Intangible Liabilities 01/10/18 Hewlett Crossing I & II Hewlett, NY Operating $ 30,900 9,700 3,114 1,868 04/03/18 Rivertowns Square Dobbs Ferry, NY Operating 68,933 — 4,993 5,554 12/14/18 Pablo Plaza (1) Jacksonville, FL Operating 1,310 — — — 12/27/18 The Village at Hunter's Lake Tampa, FL Development 1,812 — — — 12/31/18 Carytown Exchange (2) Richmond, VA Development 13,284 — 264 — Total property acquisitions $ 116,239 9,700 8,371 7,422 (1) The Company purchased a 5,000 square foot building adjacent to the Company's existing operating Pablo Plaza for redevelopment. (2) The Company closed on the Carytown Exchange development, with a partner contributing land valued at $13 million which is recorded within Limited partners' interest in consolidated partnerships in the accompanying Consolidated Balance Sheets. Regency is contributing the capital to fund the development, which is currently estimated to be approximately $26 million. (in thousands) December 31, 2017 Date Purchased Property Name City/State Property Type Purchase Price Debt Assumed, Net of Premiums Intangible Assets Intangible Liabilities 03/06/17 The Field at Commonwealth Chantilly, VA Development $ 9,500 — — — 03/08/17 Pinecrest Place (1) Miami, FL Development — — — — 04/13/17 Mellody Farm (2) Chicago, IL Development 26,200 — — — 06/28/17 Concord outparcel (3) Miami, FL Operating 350 — — — 07/20/17 Aventura Square outparcel (4) Miami, FL Operating 1,750 — 90 9 11/15/17 Indigo Square Mount Pleasant, SC Development 3,900 — — — 12/21/17 Scripps Ranch Marketplace San Diego, CA Operating 81,600 27,000 4,997 9,551 12/28/17 Roosevelt Square Seattle, WA Operating 68,084 — 3,842 8,002 Total property acquisitions $ 191,384 27,000 8,929 17,562 (1) The Company leased 10.67 acres for a ground up development. (2) The Operating Partnership issued 195,732 partnership units valued at $13.1 million as partial consideration for the purchase price. (3) The Company purchased a 0.67 acre vacant outparcel adjacent to the Company's existing operating Concord Shopping Plaza. (4) The Company purchased a 0.06 acre outparcel improved with a leased building adjacent to the Company's existing operating Aventura Square. Equity One Merger General On March 1, 2017, Regency completed its merger with Equity One, a NYSE listed shopping center company, whereby Equity One merged with and into Regency, with Regency continuing as the surviving public company. Under the terms of the Merger Agreement, each Equity One stockholder received 0.45 of a newly issued share of Regency common stock for each share of Equity One common stock owned immediately prior to the effective time of the merger resulting in approximately 65.5 million Regency common shares being issued to effect the merger. The following table provides the components that make up the total purchase price for the Equity One merger: (in thousands, except stock price) Purchase Price Shares of common stock issued for merger 65,379 Closing stock price on March 1, 2017 $ 68.40 Value of common stock issued for merger $ 4,471,808 Other cash payments 721,297 Total purchase price $ 5,193,105 As part of the merger, Regency acquired 121 properties, including 8 properties held through co-investment partnerships. The consolidated net assets and results of operations of Equity One are included in the consolidated financial statements from the closing date, March 1, 2017, going forward and resulted in the following impact to Revenues and Net income attributable to common stockholders: (in thousands) Year ended December 31, 2017 Increase in total revenues $ 337,761 Increase in net income attributable to common stockholders $ 81,766 The Company incurred $80.7 million and $6.5 million , respectively, of merger-related transaction costs during the years ended December 31, 2017 and 2016 , which are recorded in Other operating expenses in the accompanying Consolidated Statements of Operations, and are not reflected in the table above. Final Purchase Price Allocation of Merger The Equity One merger has been accounted for using the acquisition method of accounting in accordance with ASC Topic 805, Business Combinations , which requires, among other things, that the assets acquired and liabilities assumed be recognized at their acquisition date fair values and allows a measurement period, not to exceed one year from the acquisition date, to finalize the acquisition date fair values. The merger closed on March 1, 2017, and the Company finalized its purchase price allocation by March 1, 2018. The acquired assets and assumed liabilities of an acquired operating property generally include, but are not limited to: land, buildings and improvements, identified tangible and intangible assets and liabilities associated with in-place leases, including tenant improvements, leasing costs, value of above-market and below-market leases, and value of acquired in-place leases. This methodology requires estimating an “as-if vacant” fair value of the physical property, which includes land, building, and improvements and also determining the estimated fair value of identifiable intangible assets and liabilities, considering the following categories: (i) value of in-place leases, and (ii) above and below-market value of in-place leases, and deferred taxes related to the book tax difference created through purchase accounting. The excess of the purchase price consideration over the fair value of assets acquired and liabilities assumed resulted in goodwill in the business combination. The goodwill is not deductible for tax purposes. The fair value of the acquired operating properties is based on a valuation prepared by Regency with assistance of a third party valuation specialist. The third party used stabilized NOI and market specific capitalization and discount rates as the primary inputs in determining the fair value of the real estate assets. Management reviewed the inputs used by the third party specialist as well as the allocation of the purchase price to ensure reasonableness and that the procedures were performed in accordance with management's policy. Management and the third party valuation specialist have prepared their fair value estimates for each of the operating properties acquired, and completed the purchase price allocation during the measurement period. The following table summarizes the final purchase price allocation based on the Company's valuation, including estimates and assumptions of the acquisition date fair value of the tangible and intangible assets acquired and liabilities assumed: (in thousands) Final Purchase Price Allocation Land $ 2,865,053 Building and improvements 2,619,163 Construction in progress 68,744 Properties held for sale 19,600 Investments in unconsolidated real estate partnerships 99,666 Real estate assets 5,672,226 Cash, accounts receivable and other assets 112,909 Intangible assets 458,877 Goodwill 332,384 Total assets acquired 6,576,396 Notes payable 757,399 Accounts payable, accrued expenses, and other liabilities 122,217 Lease intangible liabilities 503,675 Total liabilities assumed 1,383,291 Total purchase price $ 5,193,105 The allocation of the purchase price described above requires a significant amount of judgment and represents management's best estimate of the fair value as of the acquisition date. The following table details the weighted average amortization and net accretion periods, in years, of the major classes of intangible assets and intangible liabilities arising from the Equity One merger: (in years) Weighted Average Amortization Period Assets: In-place leases 10.8 Above-market leases 7.8 Below-market ground leases 55.3 Liabilities: Below-market leases 24.9 Pro forma Information (unaudited) The following unaudited pro forma financial data includes the incremental revenues, operating expenses, depreciation and amortization, and costs of the Equity One acquisition as if it had occurred on January 1, 2016: Year ended December 31, (in thousands, except per share data) 2017 2016 Total revenues $ 1,052,221 1,006,367 Income from operations (1) 281,393 63,907 Net income attributable to common stockholders (1) 262,270 40,868 Income per common share - basic 1.54 0.25 Income per common share - diluted 1.54 0.25 (1) The pro forma earnings for the year ended December 31, 2017, were adjusted to exclude $103.6 million of merger costs, as if they had occurred during 2016. The pro forma financial data is not necessarily indicative of what the actual results of operations would have been assuming the transaction had been completed as set forth above, nor does it purport to represent the results of operations for future periods. |
Dispositions
Dispositions | 12 Months Ended |
Dec. 31, 2018 | |
Discontinued Operations and Disposal Groups [Abstract] | |
Discontinued Operations | 3. Property Dispositions Dispositions The following table provides a summary of consolidated shopping centers and land parcels disposed of: Year ended December 31, (in thousands, except number sold data) 2018 2017 2016 Net proceeds from sale of real estate investments $ 250,445 110,015 135,161 '(1) Gain on sale of real estate, net of tax $ 28,343 27,432 47,321 Provision for impairment of real estate sold $ 31,041 — 1,700 Number of operating properties sold 10 6 11 Number of land parcels sold 9 9 16 (1) Includes cash deposits received in the previous year. At December 31, 2018 , the Company also had four properties classified as Properties held for sale on the Consolidated Balance Sheets, which have sold or are expected to sell subsequent to December 31, 2018 . |
Investments in Real Estate Part
Investments in Real Estate Partnerships | 12 Months Ended |
Dec. 31, 2018 | |
Equity Method Investments and Joint Ventures [Abstract] | |
Investments in Real Estate Partnerships | Investments in Real Estate Partnerships The Company invests in real estate partnerships, which consist of the following: December 31, 2018 (in thousands) Regency's Ownership Number of Properties Total Investment Total Assets of the Partnership The Company's Share of Net Income of the Partnership Net Income of the Partnership GRI - Regency, LLC (GRIR) 40.00% 70 $ 189,381 1,646,448 29,614 74,139 New York Common Retirement Fund (NYC) 30.00% 6 54,250 277,626 490 2,239 Columbia Regency Retail Partners, LLC (Columbia I) 20.00% 7 13,625 141,807 1,311 6,650 Columbia Regency Partners II, LLC (Columbia II) 20.00% 13 38,110 377,121 4,673 23,367 Cameron Village, LLC (Cameron) 30.00% 1 11,169 98,633 943 3,177 RegCal, LLC (RegCal) 25.00% 7 31,235 139,844 1,542 6,167 US Regency Retail I, LLC (USAA) 20.01% 7 — 89,524 937 4,685 Other investments in real estate partnerships 9.375% - 50.00% 9 125,231 456,828 3,464 8,661 Total investments in real estate partnerships 120 $ 463,001 3,227,831 42,974 129,085 December 31, 2017 (in thousands) Regency's Ownership Number of Properties Total Investment Total Assets of the Partnership The Company's Share of Net Income of the Partnership Net Income of the Partnership GRI - Regency, LLC (GRIR) 40.00% 70 $ 198,521 1,656,068 27,440 69,211 New York Common Retirement Fund (NYC) 30.00% 6 53,277 284,412 686 2,757 Columbia Regency Retail Partners, LLC (Columbia I) 20.00% 6 7,057 130,836 3,620 18,233 Columbia Regency Partners II, LLC (Columbia II) 20.00% 12 13,720 329,992 1,530 7,690 Cameron Village, LLC (Cameron) 30.00% 1 11,784 99,808 850 2,917 RegCal, LLC (RegCal) 25.00% 7 27,829 138,717 1,403 5,613 US Regency Retail I, LLC (USAA) 20.01% 7 — 90,900 4,456 22,299 Other investments in real estate partnerships 50.00% 6 74,116 154,987 3,356 11,238 Total investments in real estate partnerships 115 $ 386,304 2,885,720 43,341 139,958 The summarized balance sheet information for the investments in real estate partnerships, on a combined basis, is as follows: December 31, (in thousands) 2018 2017 Investments in real estate, net $ 3,001,481 2,682,578 Acquired lease intangible assets, net 57,053 54,021 Other assets 169,297 149,121 Total assets $ 3,227,831 2,885,720 Notes payable $ 1,609,647 1,514,729 Acquired lease intangible liabilities, net 49,501 42,466 Other liabilities 90,577 70,498 Capital - Regency 498,852 445,068 Capital - Third parties 979,254 812,959 Total liabilities and capital $ 3,227,831 2,885,720 The following table reconciles the Company's capital recorded by the unconsolidated partnerships to the Company's investments in real estate partnerships reported in the accompanying consolidated balance sheet: December 31, (in thousands) 2018 2017 Capital - Regency $ 498,852 445,068 Basis difference (38,064 ) (37,852 ) Negative investment in USAA (1) 3,513 11,290 Impairment of investment in real estate partnerships (1,300 ) (1,300 ) Restricted Gain Method deferral (2) — (30,902 ) Investments in real estate partnerships $ 463,001 386,304 (1) The USAA partnership has distributed proceeds from debt refinancing and real estate sales in excess of Regency's carrying value of its investment resulting in a negative investment balance, which is recorded within Accounts payable and other liabilities in the Consolidated Balance Sheets. (2) Upon adoption of ASU 2017-05 (ASC Subtopic 610-20) on January 1, 2018, the Company recognized $30.9 million of previously deferred gains through opening retained earnings, as discussed in note 1 to the Consolidated Financial Statements. The revenues and expenses for the investments in real estate partnerships, on a combined basis, are summarized as follows: Year ended December 31, (in thousands) 2018 2017 2016 Total revenues $ 414,631 396,596 364,087 Operating expenses: Depreciation and amortization 99,847 99,327 99,252 Operating and maintenance 66,299 58,283 52,725 General and administrative 5,697 5,582 5,342 Real estate taxes 54,119 49,904 42,813 Other operating expenses 1,003 2,923 2,356 Total operating expenses $ 226,965 216,019 202,488 Other expense (income): Interest expense, net 73,508 73,244 69,193 Gain on sale of real estate (16,624 ) (34,276 ) (70,907 ) Early extinguishment of debt — — 69 Other expense (income) 1,697 1,651 2,197 Total other expense (income) 58,581 40,619 552 Net income of the Partnerships $ 129,085 139,958 161,047 The Company's share of net income of the Partnerships $ 42,974 43,341 56,518 Acquisitions The following table provides a summary of shopping centers and land parcels acquired through our unconsolidated real estate partnerships: (in thousands) Year ended December 31, 2018 Date Purchased Property Name City/State Property Type Co-investment Partner Ownership % Purchase Price Debt Assumed, Net of Premiums Intangible Assets Intangible Liabilities 01/02/18 Ballard Blocks I Seattle, WA Operating Other 49.90% $ 54,500 — 3,668 2,350 01/02/18 Ballard Blocks II Seattle, WA Development Other 49.90% 4,000 — — — 01/05/18 The District at Metuchen Metuchen, NJ Operating Columbia II 20.00% 33,830 — 3,147 1,905 05/18/18 Crossroads Commons II Boulder, CO Operating Columbia I 20.00% 10,500 — 447 769 09/07/18 Ridgewood Shopping Center Raleigh, NC Operating Columbia II 20.00% 45,800 10,233 3,372 2,278 12/17/18 Shoppes at Bartram Park Jacksonville, FL Operating (1) Other 50.00% 984 — — — 12/14/18 Town and Country Center Los Angeles, CA Operating Other 9.38% 197,248 90,000 3,255 5,650 Total property acquisitions $ 346,862 100,233 13,889 12,952 (1) Land parcels purchased as additions to the existing operating property. (in thousands) Year ended December 31, 2017 Date Purchased Property Name City/State Property Type Co-investment Partner Ownership % Purchase Price Debt Assumed, Net of Premiums Intangible Assets Intangible Liabilities 10/11/17 Midtown East Raleigh, NC Development Other 50.00% $ 15,075 — — — Total property acquisitions $ 15,075 — — — Dispositions The following table provides a summary of shopping centers and land parcels disposed of through our unconsolidated real estate partnerships: Year ended December 31, (in thousands) 2018 2017 2016 Proceeds from sale of real estate investments $ 27,144 73,122 174,090 Gain on sale of real estate $ 16,624 34,276 70,907 The Company's share of gain on sale of real estate $ 3,608 6,591 25,003 Number of operating properties sold 1 3 10 Number of land out-parcels sold 2 1 1 Notes Payable Scheduled principal repayments on notes payable held by our unconsolidated investments in real estate partnerships as of December 31, 2018 were as follows: Scheduled Principal Payments and Maturities by Year: Scheduled Mortgage Loan Maturities Unsecured Total Regency’s 2019 $ 20,062 65,939 — 86,001 22,294 2020 17,043 326,583 — 343,626 101,841 2021 11,048 269,942 19,635 300,625 104,375 2022 7,811 170,702 — 178,513 68,417 2023 2,989 171,608 — 174,597 65,096 Beyond 5 Years 7,353 529,637 — 536,990 175,032 Net unamortized loan costs, debt premium / (discount) — (10,705 ) — (10,705 ) (3,082 ) Total notes payable $ 66,306 1,523,706 19,635 1,609,647 533,973 These fixed and variable rate loans are all non-recourse, and mature through 2034, with 92.4% having a weighted average fixed interest rate of 4.6%. The remaining notes payable float over LIBOR and had a weighted average variable interest rate of 4.6% at December 31, 2018. Maturing loans will be repaid from proceeds from refinancing, partner capital contributions, or a combination thereof. The Company is obligated to contribute its pro-rata share to fund maturities if the loans are not refinanced, and it has the capacity to do so from existing cash balances, availability on its line of credit, and operating cash flows. The Company believes that its partners are financially sound and have sufficient capital or access thereto to fund future capital requirements. In the event that a co-investment partner was unable to fund its share of the capital requirements of the co-investment partnership, the Company would have the right, but not the obligation, to loan the defaulting partner the amount of its capital call. Management fee income In addition to earning our pro-rata share of net income or loss in each of these co-investment partnerships, we receive fees, as follows: Year ended December 31, (in thousands) 2018 2017 2016 Asset management, property management, leasing, and investment and financing services $ 27,873 25,260 24,595 |
Acquired Lease Intangibles
Acquired Lease Intangibles | 12 Months Ended |
Dec. 31, 2018 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Acquired Lease Intangible | Acquired Lease Intangibles The Company had the following acquired lease intangibles: December 31, (in thousands) 2018 2017 In-place leases $ 457,379 470,315 Above-market leases 57,294 64,625 Below-market ground leases 92,085 92,166 Total intangible assets $ 606,758 627,106 Accumulated amortization (219,689 ) (148,280 ) Acquired lease intangible assets, net $ 387,069 478,826 Below-market leases $ 584,371 588,850 Above-market ground leases 5,101 5,101 Total intangible liabilities 589,472 593,951 Accumulated amortization (92,746 ) (56,550 ) Acquired lease intangible liabilities, net $ 496,726 537,401 The following table provides a summary of amortization and net accretion amounts from acquired lease intangibles: Year ended December 31, Line item in Consolidated Statements of Operations (in thousands) 2018 2017 2016 In-place lease amortization $ 76,649 88,284 11,533 Depreciation and amortization Above-market lease amortization 10,433 9,443 1,742 Minimum rent Below-market ground lease amortization 1,688 1,886 1,111 Operating and maintenance Acquired lease intangible asset amortization $ 88,770 99,613 14,386 Below-market lease amortization $ 45,561 34,786 6,827 Minimum rent Above-market ground lease amortization 94 136 167 Operating and maintenance Acquired lease intangible liability amortization $ 45,655 34,922 6,994 The estimated aggregate amortization and net accretion amounts from acquired lease intangibles for the next five years are as follows: (in thousands) In Process Year Ending December 31, Net accretion of Above / Below market lease intangibles Amortization of In-place lease intangibles Net amortization of Below / Above ground lease intangibles 2019 $ 27,768 53,506 1,554 2020 26,646 40,528 1,554 2021 25,986 32,344 1,554 2022 24,239 24,692 1,554 2023 23,499 19,605 1,554 |
Income Taxes
Income Taxes | 12 Months Ended |
Dec. 31, 2018 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | Income Taxes The Company has elected to be taxed as a REIT under the applicable provisions of the Code with certain of its subsidiaries treated as TRS entities, which are subject to federal and state income taxes. The following table summarizes the tax status of dividends paid on our common shares: Year ended December 31, (in thousands) 2018 2017 2016 Dividend per share $2.22 2.10 2.00 Ordinary income 98% 86% 53% Capital gain —% 10% 8% Return of capital —% 4% 39% Qualified dividend income 2% —% —% Section 199A dividend 98% —% —% Our consolidated expense (benefit) for income taxes for the years ended December 31, 2018, 2017, and 2016 was as follows: Year ended December 31, (in thousands) 2018 2017 2016 Income tax expense (benefit): Current $ 5,667 1,168 (153 ) Deferred (5,145 ) (10,815 ) — Total income tax expense (benefit) (1) $ 522 (9,647 ) (153 ) (1) Includes $706,000 and $90,000 of tax expense presented within Other operating expenses during the year ended December 31, 2018 and 2017, respectively. Additionally, $184,000 and $153,000 of tax benefit is presented within Gain on sale of real estate (or Provision for impairment), net of tax, during the years ended December 31, 2018 and 2016, respectively. The TRS entities are subject to federal and state income taxes and file separate tax returns. Income tax expense (benefit) differed from the amounts computed by applying the U.S. Federal income tax rate to pretax income of the TRS entities, as follows: Year ended December 31, (in thousands) 2018 2017 2016 Computed expected tax expense (benefit) $ (584 ) 1,190 933 State income tax, net of federal benefit 636 108 56 Valuation allowance (392 ) (1,512 ) (1,239 ) Tax rate change — (9,737 ) — Permanent items 1,067 — — All other items (205 ) 304 97 Total income tax expense (benefit) (1) 522 (9,647 ) (153 ) Income tax expense (benefit) attributable to operations (1) $ 522 (9,647 ) (153 ) (1) Includes $706,000 and $90,000 of tax expense presented within Other operating expenses during the year ended December 31, 2018 and 2017, respectively. Additionally, $184,000 and $153,000 of tax benefit is presented within Gain on sale of real estate (or Provision for impairment), net of tax, during the years ended December 31, 2018 and 2016, respectively. The tax effects of temporary differences and carryforwards (included in Accounts payable and other liabilities in the accompanying Consolidated Balance Sheets) are summarized as follows: December 31, (in thousands) 2018 2017 Deferred tax assets Provision for impairment 3,785 3,785 Deferred interest expense 2,617 2,754 Capitalized costs under Section 263A 713 729 Net operating loss carryforward 166 373 Other 2,123 2,297 Deferred tax assets 9,404 9,938 Valuation allowance (7,907 ) (8,300 ) Deferred tax assets, net 1,497 1,638 Deferred tax liabilities Straight line rent (565 ) (528 ) Fixed assets (14,829 ) (19,757 ) Other — (7 ) Deferred tax liabilities (15,394 ) (20,292 ) Net deferred tax liabilities $ (13,897 ) (18,654 ) The net deferred tax liability decreased during 2018 primarily due to the sale of properties at the TRS entities. Due to uncertainty regarding the realization of certain deferred tax assets, the Company previously established valuation allowances, primarily in connection with the deferred interest and NOL carryforwards related to certain TRSs. As of December 31, 2018, the minimal projected future taxable income and unpredictable nature of potential property sales with built in losses support the conclusion that it is still more likely than not that some of the deferred tax assets will not be realized. |
Notes Payable and Unsecured Cre
Notes Payable and Unsecured Credit Facilities | 12 Months Ended |
Dec. 31, 2018 | |
Debt Disclosure [Abstract] | |
Notes Payable and Unsecured Credit Facilities | Notes Payable and Unsecured Credit Facilities The Company’s outstanding debt consists of the following: Maturing Through Weighted Average Contractual Rate Weighted Average Effective Rate December 31, (in thousands) 2018 2017 Notes payable: Fixed rate mortgage loans 10/1/2036 4.8% 4.3% $ 403,306 520,193 Variable rate mortgage loans (1) 6/2/2027 3.5% 3.7% 127,850 125,866 Fixed rate unsecured public and private debt 2/1/2047 4.0% 4.4% 2,475,322 2,325,656 Total notes payable $ 3,006,478 2,971,715 Unsecured credit facilities: Line of Credit (2) 3/23/2022 3.4% 3.5% 145,000 60,000 Term Loans 1/5/2022 2.4% 2.5% 563,734 563,262 Total unsecured credit facilities $ 708,734 623,262 Total debt outstanding $ 3,715,212 3,594,977 (1) Includes five mortgages, whose interest varies on LIBOR based formulas. Three of these variable rate loans have interest rate swaps in place to fix the interest rates at a range of 2.8% to 4.1%. (2) Maturity is subject to two six month extensions as the Company's option. The weighted average contractual and effective interest rates for the Line are calculated based on a fully drawn Line balance. Notes Payable Notes payable consist of mortgage loans secured by properties and unsecured public and private debt. Mortgage loans may be prepaid, but could be subject to yield maintenance premiums, and are generally due in monthly installments of principal and interest or interest only. Unsecured public debt may be prepaid subject to accrued and unpaid interest through the proposed redemption date and a make-whole premium. Interest on unsecured public and private debt is payable semi-annually. The Company is required to comply with certain financial covenants for its unsecured public debt as defined in the indenture agreements such as the following ratios: Consolidated Debt to Consolidated Assets, Consolidated Secured Debt to Consolidated Assets, Consolidated Income for Debt Service to Consolidated Debt Service, and Unencumbered Consolidated Assets to Unsecured Consolidated Debt. As of December 31, 2018 , management of the Company believes it is in compliance with all financial covenants for its unsecured public debt. Unsecured Credit Facilities The Company has an unsecured line of credit commitment (the "Line") and unsecured term loans (the "Term Loans") under separate credit agreements with a syndicate of banks. The Line has a borrowing capacity of $1.25 billion , which is reduced by the balance of outstanding borrowings and commitments under outstanding letters of credit. The Line bears interest at a variable rate of LIBOR plus 0.875% and is subject to a commitment fee of 0.15% , both of which are based on the Company's corporate credit rating. The Term Loans bear interest at a variable rate based on LIBOR plus 0.95% and have interest rate swaps in place to fix the interest, as discussed further in note 9. The Company is required to comply with certain financial covenants as defined in the Line and Term Loan credit agreements, such as Ratio of Indebtedness to Total Asset Value ("TAV"), Ratio of Unsecured Indebtedness to Unencumbered Asset Value, Ratio of Adjusted EBITDA to Fixed Charges, Ratio of Secured Indebtedness to TAV, Ratio of Unencumbered Net Operating Income to Unsecured Interest Expense, and other covenants customary with this type of unsecured financing. As of December 31, 2018 , management of the Company believes it is in compliance with all financial covenants for the Line and Term Loans. Scheduled principal payments and maturities on notes payable and unsecured credit facilities were as follows: (in thousands) December 31, 2018 Scheduled Principal Payments and Maturities by Year: Scheduled Mortgage Unsecured Maturities (1) Total 2019 $ 9,518 13,216 — 22,734 2020 11,287 78,580 300,000 389,867 2021 11,599 77,060 250,000 338,659 2022 11,798 5,848 710,000 727,646 2023 10,043 59,375 — 69,418 Beyond 5 Years 27,013 209,845 1,950,000 2,186,858 Unamortized debt premium/(discount) and issuance costs — 5,974 (25,944 ) (19,970 ) Total notes payable $ 81,258 449,898 3,184,056 3,715,212 (1) Includes unsecured public and private debt and unsecured credit facilities. The Company has $13.2 million of debt maturing over the next twelve months, which is in the form of a non-recourse mortgage loan. The Company currently intends to payoff the maturing balance and leave the property unencumbered. The Company has sufficient capacity on its Line to repay the maturing debt, if necessary. |
Derivative Financial Instrument
Derivative Financial Instruments | 12 Months Ended |
Dec. 31, 2018 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivative Financial Instruments | Derivative Financial Instruments The following table summarizes the terms and fair values of the Company's derivative financial instruments, as well as their classification on the Consolidated Balance Sheets: Fair Value at December 31, (in thousands) Assets (Liabilities) (1) Effective Date Maturity Date Notional Amount Bank Pays Variable Rate of Regency Pays Fixed Rate of 2018 2017 12/6/18 6/28/19 $ 250,000 30 year U.S. Treasury 3.147% $ (5,491 ) — 4/3/17 12/2/20 300,000 1 Month LIBOR with Floor 1.824% 3,759 1,804 8/1/16 1/5/22 265,000 1 Month LIBOR with Floor 1.053% 10,838 10,744 4/7/16 4/1/23 20,000 1 Month LIBOR 1.303% 880 801 12/1/16 11/1/23 33,000 1 Month LIBOR 1.490% 1,376 1,166 6/2/17 6/2/27 37,500 1 Month LIBOR with Floor 2.366% 629 (177 ) Total derivative financial instruments $ 11,991 14,338 (1) Derivatives in an asset position are included within Other assets in the accompanying Consolidated Balance Sheets, while those in a liability position are included within Accounts payable and other liabilities. These derivative financial instruments are all interest rate swaps, which are designated and qualify as cash flow hedges. The Company does not use derivatives for trading or speculative purposes and, as of December 31, 2018 , does not have any derivatives that are not designated as hedges. The Company has master netting agreements; however, the Company generally does not have multiple derivatives subject to a single master netting agreement with the same counterparties and none are offset in the accompanying Consolidated Balance Sheets. The changes in the fair value of derivatives designated and qualifying as cash flow hedges are recorded in accumulated other comprehensive income ("AOCI") and subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. The following table represents the effect of the derivative financial instruments on the accompanying consolidated financial statements: Location and Amount of Gain (Loss) Recognized in OCI on Derivative Location and Amount of Gain (Loss) Reclassified from AOCI into Income Total amounts presented in the Consolidated Statements of Operations in which the effects of cash flow hedges are recorded Year ended December 31, Year ended December 31, Year ended December 31, (in thousands) 2018 2017 2016 2018 2017 2016 2018 2017 2016 Interest rate swaps $ 402 1,151 10,613 Interest expense $ (5,342 ) (11,103 ) (10,553 ) Interest expense, net $ (148,456 ) (132,629 ) (90,712 ) Interest rate swaps $ — — (20,945 ) Loss on derivative instruments (1) $ — — (40,586 ) Loss on derivative instruments (1) $ — — 40,586 (1) During 2016, the Company completed an equity offering, rather than its previously expected issuance of new fixed rate debt, to fund the repayment of maturing debt and to settle the forward starting swaps entered in contemplation of the previously anticipated new debt transaction. As a result of the equity offering, the Company believed that the issuance of new fixed rate debt within the remaining period of the forward starting swaps was probable not to occur. Accordingly, the Company ceased hedge accounting and reclassified the $40.6 million paid to settle the forward starting swaps from Accumulated other comprehensive income to earnings during 2016. As of December 31, 2018 , the Company expects $867,000 of net deferred losses on derivative instruments in AOCI, including the Company's share from its Investments in real estate partnerships, to be reclassified into earnings during the next 12 months. Included in the reclass is $7.4 million which is related to previously settled swaps on the Company's ten year fixed rate unsecured debt. |
Fair Value Measurements
Fair Value Measurements | 12 Months Ended |
Dec. 31, 2018 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurements | Fair Value Measurements (a) Disclosure of Fair Value of Financial Instruments All financial instruments of the Company are reflected in the accompanying Consolidated Balance Sheets at amounts which, in management's estimation, reasonably approximates their fair values, except for the following: December 31, 2018 2017 (in thousands) Carrying Amount Fair Value Carrying Amount Fair Value Financial assets: Notes receivable (1) $ — — $ 15,803 15,660 Financial liabilities: Notes payable $ 3,006,478 2,961,769 $ 2,971,715 3,058,044 Unsecured credit facilities $ 708,734 710,902 $ 623,262 625,000 (1) Notes receivable are included in Tenant and other receivables, net on the Consolidated Balance Sheets. The above fair values represent management's estimate of the amounts that would be received from selling those assets or that would be paid to transfer those liabilities in an orderly transaction between market participants as of December 31, 2018 and 2017 . These fair value measurements maximize the use of observable inputs. However, in situations where there is little, if any, market activity for the asset or liability at the measurement date, the fair value measurement reflects the Company's own judgments about the assumptions that market participants would use in pricing the asset or liability. The Company develops its judgments based on the best information available at the measurement date, including expected cash flows, appropriately risk-adjusted discount rates, and available observable and unobservable inputs. Service providers involved in fair value measurements are evaluated for competency and qualifications on an ongoing basis. As considerable judgment is often necessary to estimate the fair value of these financial instruments, the fair values presented above are not necessarily indicative of amounts that will be realized upon disposition of the financial instruments. (b) Fair Value Measurements The following financial instruments are measured at fair value on a recurring basis: Securities The Company has investments in marketable securities that are included within other assets on the accompanying Consolidated Balance Sheets. The fair value of the securities was determined using quoted prices in active markets, which are considered Level 1 inputs of the fair value hierarchy. Changes in the value of securities are recorded within Net investment loss (income) in the accompanying Consolidated Statements of Operations, and includes unrealized losses (gains) of $3,314 , ($1,136) , and ($773) for the years ended December 31, 2018 , 2017 , and 2016 , respectively. Available-for-Sale Debt Securities Available-for-sale debt securities consist of investments in certificates of deposit and corporate bonds, and are recorded at fair value using matrix pricing methods to estimate fair value, which are considered Level 2 inputs of the fair value hierarchy. Unrealized gains or losses on these debt securities are recognized through other comprehensive income. Interest Rate Derivatives The fair value of the Company's interest rate derivatives is determined using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves and implied volatilities. The Company incorporates credit valuation adjustments to appropriately reflect both its own nonperformance risk and the respective counterparty's nonperformance risk in the fair value measurements. Although the Company has determined that the majority of the inputs used to value its derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with its derivatives utilize Level 3 inputs, such as estimates of current credit spreads, to evaluate the likelihood of default by the Company and its counterparties. The Company has assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative positions and has determined that the credit valuation adjustments are not significant to the overall valuation of its interest rate swaps. As a result, the Company determined that its interest rate swaps valuation in its entirety is classified in Level 2 of the fair value hierarchy. The following table presents the placement in the fair value hierarchy of assets and liabilities that are measured at fair value on a recurring basis: Fair Value Measurements as of December 31, 2018 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs (in thousands) Balance (Level 1) (Level 2) (Level 3) Assets: Securities $ 33,354 33,354 — — Available-for-sale debt securities 7,933 — 7,933 — Interest rate derivatives 17,482 — 17,482 — Total $ 58,769 33,354 25,415 — Liabilities: Interest rate derivatives $ (5,491 ) — (5,491 ) — Fair Value Measurements as of December 31, 2017 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs (in thousands) Balance (Level 1) (Level 2) (Level 3) Assets: Securities $ 31,662 31,662 — — Available-for-sale debt securities 9,974 — 9,974 — Interest rate derivatives 14,515 — 14,515 — Total $ 56,151 31,662 24,489 — Liabilities: Interest rate derivatives $ (177 ) — (177 ) — The following tables present the placement in the fair value hierarchy of assets and liabilities that are measured at fair value on a non-recurring basis: Fair Value Measurements as of December 31, 2018 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Total Gains (in thousands) Balance (Level 1) (Level 2) (Level 3) (Losses) Properties held for sale 42,760 — 42,760 — (6,579 ) During the year ended December 31, 2018 , the Company recognized a $38.4 million provision for impairment, net of tax, which included $31.8 million on real estate sold or held and used and $6.6 million on the above three properties classified as held for sale. The impairment of the real estate assets was determined based on the expected selling price as compared to the Company's carrying value of its investment. There were no assets measured at fair value on a nonrecurring basis as of December 31, 2017 . |
Equity and Capital
Equity and Capital | 12 Months Ended |
Dec. 31, 2018 | |
Equity and Capital [Abstract] | |
Equity and Capital | Equity and Capital Common Stock of the Parent Company At the Market ("ATM") Program Under the Parent Company's ATM equity offering program, the Parent Company may sell up to $500.0 million of common stock at prices determined by the market at the time of sale. There were no shares issued under the ATM equity program during the years ended December 31, 2018 or 2017 . As of December 31, 2018 , all $500.0 million of common stock remained available for issuance under this ATM equity program. Share Repurchase Program On February 7, 2018, the Company's Board authorized a common share repurchase program under which the Company may purchase, from time to time, up to a maximum of $250 million of shares of its outstanding common stock through open market purchases and/or in privately negotiated transactions. Any shares purchased will be retired. The timing and actual number of shares purchased under the program depend upon marketplace conditions and other factors. The program remains subject to the discretion of the Board. Through the date of filing, the Company has repurchased $246.5 million of shares. The program was scheduled to expire on February 6, 2020 ; however, the program was closed upon the authorization by the Company's Board of a new share repurchase program, as further discussed below. Share Repurchase Program - Subsequent Event On February 5, 2019, the Company's Board authorized a new common share repurchase program under which the Company, may purchase, from time to time, up to a maximum of $250 million of shares of its outstanding common stock through open market purchases and/or in privately negotiated transactions. Any shares purchased will be retired. The program is set to expire on February 4, 2020 . The timing and actual number of shares purchased under the program depend upon marketplace conditions and other factors. The program remains subject to the discretion of the Board. Transfer of Listing On October 25, 2018, the Company's Board approved the transfer of the Company's common stock from listing on NYSE to NASDAQ. The last day of trading on the NYSE was November 12, 2018. The Company's common stock commenced trading on NASDAQ on November 13, 2018, and continues to trade under the stock symbol "REG". Common Units of the Operating Partnership Common units were issued to or redeemed from the Parent Company in relation to the Parent Company's issuance or repurchase of common stock, as discussed above. General Partners The Parent Company, as general partner, owned the following Partnership Units outstanding: December 31, (in thousands) 2018 2017 Partnership units owned by the general partner 167,904 171,365 Partnership units owned by the limited partners 350 350 Total partnership units outstanding 168,254 171,715 Percentage of partnership units owned by the general partner 99.8% 99.8% Accumulated Other Comprehensive Income (Loss) The following table presents changes in the balances of each component of AOCI: Controlling Interest Noncontrolling Interest Total (in thousands) Cash Flow Hedges Unrealized gain (loss) on Available-For-Sale Securities AOCI Cash Flow Hedges Unrealized gain (loss) on Available-For-Sale Securities AOCI AOCI Balance as of December 31, 2015 $ (58,650 ) (43 ) (58,693 ) (785 ) — (785 ) (59,478 ) Other comprehensive income before reclassifications (10,587 ) 24 (10,563 ) 255 — 255 (10,308 ) Amounts reclassified from accumulated other comprehensive income 50,910 — 50,910 229 — 229 51,139 Current period other comprehensive income, net 40,323 24 40,347 484 — 484 40,831 Balance as of December 31, 2016 $ (18,327 ) (19 ) (18,346 ) (301 ) — (301 ) (18,647 ) Other comprehensive income before reclassifications 1,134 (8 ) 1,126 17 — 17 1,143 Amounts reclassified from accumulated other comprehensive income 10,931 — 10,931 172 — 172 11,103 Current period other comprehensive income, net 12,065 (8 ) 12,057 189 — 189 12,246 Balance as of December 31, 2017 $ (6,262 ) (27 ) (6,289 ) (112 ) — (112 ) (6,401 ) Opening adjustment due to change in accounting policy (1) 12 — 12 2 — 2 14 Adjusted balance as of January 1, 2018 (6,250 ) (27 ) (6,277 ) (110 ) — (110 ) (6,387 ) Other comprehensive income before reclassifications 131 (95 ) 36 271 — 271 307 Amounts reclassified from accumulated other comprehensive income 5,314 — 5,314 28 — 28 5,342 Current period other comprehensive income, net 5,445 (95 ) 5,350 299 — 299 5,649 Balance as of December 31, 2018 $ (805 ) (122 ) (927 ) 189 — 189 (738 ) (1) Upon adoption of ASU 2017-12, the Company recognized the immaterial adjustment to opening retained earnings and AOCI for previously recognized hedge ineffectiveness from off-market hedges, as further discussed in note 1. |
Earnings per Share and Unit
Earnings per Share and Unit | 12 Months Ended |
Dec. 31, 2018 | |
Earnings per Share and Unit [Abstract] | |
Earnings per Share and Unit | Earnings per Share and Unit Parent Company Earnings per Share The following summarizes the calculation of basic and diluted earnings per share: Year ended December 31, (in thousands, except per share data) 2018 2017 2016 Numerator: Income from operations attributable to common stockholders - basic $ 249,127 159,949 143,860 Income from operations attributable to common stockholders - diluted $ 249,127 159,949 143,860 Denominator: Weighted average common shares outstanding for basic EPS 169,724 159,536 100,863 Weighted average common shares outstanding for diluted EPS (1) 170,100 159,960 (2) 101,285 (2) Income per common share – basic $ 1.47 1.00 1.43 Income per common share – diluted $ 1.46 1.00 1.42 (1) Includes the dilutive impact of unvested restricted stock. (2) Using the treasury stock method, weighted average common shares outstanding for basic and diluted earnings per share excludes 1.3 million shares issuable under the forward equity offering outstanding during 2017 and 2016, as they would be anti-dilutive. Income allocated to noncontrolling interests of the Operating Partnership has been excluded from the numerator and exchangeable Operating Partnership units have been omitted from the denominator for the purpose of computing diluted earnings per share since the effect of including these amounts in the numerator and denominator would be anti-dilutive. Weighted average exchangeable Operating Partnership units outstanding for the years ended December 31, 2018 , 2017, and 2016 were 349,902 , 295,054 , and 154,170 respectively. Operating Partnership Earnings per Unit The following summarizes the calculation of basic and diluted earnings per unit: Year ended December 31, (in thousands, except per share data) 2018 2017 2016 Numerator: Income from operations attributable to common unit holders - basic $ 249,652 160,337 144,117 Income from operations attributable to common unit holders - diluted $ 249,652 160,337 144,117 Denominator: Weighted average common units outstanding for basic EPU 170,074 159,831 101,017 Weighted average common units outstanding for diluted EPU (1) 170,450 160,255 (2) 101,439 (2) Income per common unit – basic $ 1.47 1.00 1.43 Income per common unit – diluted $ 1.46 1.00 1.42 (1) Includes the dilutive impact of unvested restricted stock. (2) Using the treasury stock method, weighted average common shares outstanding for basic and diluted earnings per share excludes 1.3 million shares issuable under the forward equity offering outstanding during 2017 and 2016, as they would be anti-dilutive. |
Operating Leases
Operating Leases | 12 Months Ended |
Dec. 31, 2018 | |
Leases [Abstract] | |
Operating Leases | Operating Leases The Company's properties are leased to tenants under operating leases. Our leases for tenant space under 10,000 square feet generally have initial terms ranging from three to seven years. Leases greater than 10,000 square feet generally have initial lease terms in excess of five years, mostly comprised of anchor tenants. Many of the anchor leases contain provisions allowing the tenant the option of extending the term of the lease at expiration. Future minimum rents under non-cancelable operating leases as of December 31, 2018 , excluding both tenant reimbursements of operating expenses and additional percentage rent based on tenants' sales, are as follows: In Process Year Ending December 31, Future Minimum Rents (in thousands) 2019 $ 761,151 2020 693,848 2021 608,587 2022 516,369 2023 414,424 Thereafter 1,691,203 Total $ 4,685,582 The shopping centers' tenants primarily include national and regional supermarkets, drug stores, discount department stores, restaurants, and other retailers and, consequently, the credit risk is concentrated in the retail industry. Grocer anchor tenants represent approximately 18.0% of pro-rata annual base rent. There were no tenants that individually represented more than 5% of the Company's total annualized base rent. The Company has shopping centers that are subject to non-cancelable, long-term ground leases where a third party owns the underlying land and has leased the land to the Company to construct and/or operate a shopping center. Ground leases expire through the year 2101 , and in most cases, provide for renewal options. Buildings and improvements constructed on the leased land are capitalized and depreciated over the shorter of the useful life of the improvements or the lease term. In addition, the Company has non-cancelable operating leases pertaining to office space from which it conducts its business. Office leases expire through the year 2029 , and in most cases, provide for renewal options. Leasehold improvements are capitalized as tenant improvements, included in Other assets in the Consolidated Balance Sheets, and depreciated over the shorter of the useful life of the improvements or the lease term. Operating lease expense under the Company's ground and office leases was $19.1 million , $18.4 million , and $13.1 million for the years ended December 31, 2018 , 2017 , and 2016 , respectively. The following table summarizes the future obligations under non-cancelable operating leases as of December 31, 2018 : In Process Year Ending December 31, Future Obligations (in thousands) 2019 $ 15,077 2020 14,733 2021 13,893 2022 13,151 2023 12,558 Thereafter 467,706 Total $ 537,118 |
Commitments and Contingencies
Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2018 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | Commitments and Contingencies Litigation The Company is involved in litigation on a number of matters and is subject to certain claims, which arise in the normal course of business, none of which, in the opinion of management, is expected to have a material adverse effect on the Company's consolidated financial position, results of operations, or liquidity. Legal fees are expensed as incurred. Environmental The Company is also subject to numerous environmental laws and regulations as they apply to real estate pertaining to chemicals used by the dry cleaning industry, the existence of asbestos in older shopping centers, and underground petroleum storage tanks. The Company believes that the ultimate disposition of currently known environmental matters will not have a material effect on its financial position, liquidity, or operations. The Company can give no assurance that existing environmental studies with respect to the shopping centers have revealed all potential environmental contaminants or liabilities; that any previous owner, occupant or tenant did not create any material environmental condition not known to it; that the current environmental condition of the shopping centers will not be affected by tenants and occupants, by the condition of nearby properties, or by unrelated third parties; or that changes in applicable environmental laws and regulations or their interpretation will not result in additional material environmental liability to the Company. Letters of Credit The Company has the right to issue letters of credit under the Line up to an amount not to exceed $50.0 million , which reduces the credit availability under the Line. These letters of credit are primarily issued as collateral on behalf of its captive insurance program and to facilitate the construction of development projects. As of both December 31, 2018 and 2017 , the Company had $9.4 million in letters of credit outstanding. Purchase Commitments The Company enters purchase and sale agreements to buy or sell real estate assets in the normal course of business, which generally provide limited recourse if either party ends the contract. In addition, at December 31, 2018 , the Company has a commitment to purchase up to an additional 90.6% ownership interest in an operating shopping center by December 2019 and currently expects to acquire an additional 25.6% interest by that date. |
Summary of Quarterly Financial
Summary of Quarterly Financial Data | 12 Months Ended |
Dec. 31, 2018 | |
Quarterly Financial Information Disclosure [Abstract] | |
Summary of Quarterly Financial Data | Summary of Quarterly Financial Data (Unaudited) The following table summarizes selected Quarterly Financial Data for the Company on a historical basis for the years ended December 31, 2018 and 2017 : (in thousands except per share and per unit data) First Quarter Second Quarter Third Quarter Fourth Quarter Year ended December 31, 2018 Operating Data: Revenue $ 276,693 281,412 278,310 284,560 Net income attributable to common stockholders $ 52,660 47,841 69,722 78,904 Net income attributable to exchangeable operating partnership units 111 100 147 167 Net income attributable to common unit holders $ 52,771 47,941 69,869 79,071 Net income attributable to common stock and unit holders per share and unit: Basic $ 0.31 0.28 0.41 0.47 Diluted $ 0.31 0.28 0.41 0.46 Year ended December 31, 2017 Operating Data: Revenue $ 196,131 261,305 262,141 264,749 Net (loss) income attributable to common stockholders $ (33,223 ) 48,368 59,666 85,138 Net (loss) income attributable to exchangeable operating partnership units (19 ) 104 132 171 Net (loss) income attributable to common unit holders $ (33,242 ) 48,472 59,798 85,309 Net (loss) income attributable to common stock and unit holders per share and unit: Basic $ (0.26 ) 0.28 0.35 0.50 Diluted $ (0.26 ) 0.28 0.35 0.50 |
Schedule III - Consolidated Rea
Schedule III - Consolidated Real Estate and Accumulated Depreciation | 12 Months Ended |
Dec. 31, 2018 | |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract] | |
Consolidated Real Estate and Accumulated Depreciation | REGENCY CENTERS CORPORATION AND REGENCY CENTERS, L.P. Initial Cost Total Cost Net Cost Shopping Centers (1) Land & Land Improvements Building & Improvements Cost Capitalized Subsequent to Acquisition (2) Land & Land Improvements Building & Improvements Total Accumulated Depreciation Net of Accumulated Depreciation Mortgages 101 7th Avenue $ 48,340 34,895 — 48,340 34,895 83,235 1,834 81,401 — 1175 Third Avenue 40,560 25,617 — 40,560 25,617 66,177 1,371 64,806 — 1225-1239 Second Ave 23,033 17,173 45 23,033 17,218 40,251 989 39,262 — 200 Potrero 4,860 2,251 125 4,860 2,376 7,236 102 7,134 — 22 Crescent Road 2,198 272 — 2,198 272 2,470 39 2,431 — 4S Commons Town Center 30,760 35,830 1,286 30,812 37,064 67,876 24,513 43,363 85,000 90-30 Metropolitan Avenue 16,614 24,171 18 16,614 24,189 40,803 1,381 39,422 — 91 Danbury Road 732 851 — 732 851 1,583 67 1,516 — Alafaya Village 3,004 5,852 109 3,004 5,961 8,965 465 8,500 — Amerige Heights Town Center 10,109 11,288 735 10,109 12,023 22,132 4,804 17,328 — Anastasia Plaza 9,065 — 688 3,338 6,415 9,753 2,593 7,160 — Ashford Place 2,584 9,865 1,142 2,584 11,007 13,591 7,666 5,925 — Atlantic Village 4,282 18,827 697 4,282 19,524 23,806 1,502 22,304 — Aventura Shopping Center 2,751 10,459 10,926 9,407 14,729 24,136 943 23,193 — Aventura Square 88,098 20,771 1,706 89,657 20,918 110,575 1,529 109,046 7,083 Balboa Mesa Shopping Center 23,074 33,838 14,059 27,758 43,213 70,971 11,900 59,071 — Banco Popular Building 2,160 1,137 (33 ) 2,160 1,104 3,264 70 3,194 — Belleview Square 8,132 9,756 2,975 8,323 12,540 20,863 7,949 12,914 — Belmont Chase 13,881 17,193 (600 ) 14,372 16,102 30,474 3,637 26,837 — Berkshire Commons 2,295 9,551 2,630 2,965 11,511 14,476 7,763 6,713 — Bird 107 Plaza 10,371 5,136 21 10,371 5,157 15,528 423 15,105 — Bird Ludlam 42,663 38,481 285 42,663 38,766 81,429 2,649 78,780 — Black Rock 22,251 20,815 630 22,251 21,445 43,696 4,310 39,386 20,000 Bloomingdale Square 3,940 14,912 1,480 4,471 15,861 20,332 8,851 11,481 — Bluffs Square Shoppes 7,431 12,053 874 7,431 12,927 20,358 1,203 19,155 — Boca Village Square 43,888 9,726 (34 ) 43,888 9,692 53,580 981 52,599 — Boulevard Center 3,659 10,787 2,434 3,659 13,221 16,880 7,085 9,795 — Boynton Lakes Plaza 2,628 11,236 4,988 3,606 15,246 18,852 7,406 11,446 — Boynton Plaza 12,879 20,713 160 12,879 20,873 33,752 1,533 32,219 — Brentwood Plaza 2,788 3,473 333 2,788 3,806 6,594 1,391 5,203 — Briarcliff La Vista 694 3,292 495 694 3,787 4,481 2,884 1,597 — Briarcliff Village 4,597 24,836 2,504 4,597 27,340 31,937 18,513 13,424 — REGENCY CENTERS CORPORATION AND REGENCY CENTERS, L.P. Initial Cost Total Cost Net Cost Shopping Centers (1) Land & Land Improvements Building & Improvements Cost Capitalized Subsequent to Acquisition (2) Land & Land Improvements Building & Improvements Total Accumulated Depreciation Net of Accumulated Depreciation Mortgages Brick Walk 25,299 41,995 1,328 25,299 43,323 68,622 6,810 61,812 33,000 BridgeMill Market 7,521 13,306 292 7,522 13,597 21,119 1,184 19,935 5,109 Bridgeton 3,033 8,137 548 3,067 8,651 11,718 2,595 9,123 — Brighten Park 3,983 18,687 11,471 4,234 29,907 34,141 15,933 18,208 — Broadway Plaza 40,723 42,170 1,385 40,723 43,555 84,278 2,641 81,637 — Brooklyn Station on Riverside 7,019 8,688 99 7,019 8,787 15,806 1,470 14,336 — Brookside Plaza 35,161 17,494 198 35,161 17,692 52,853 1,885 50,968 — Buckhead Court 1,417 7,432 3,856 1,417 11,288 12,705 6,929 5,776 — Buckhead Station 70,411 36,518 616 70,448 37,097 107,545 3,109 104,436 — Buckley Square 2,970 5,978 1,212 2,970 7,190 10,160 4,268 5,892 — Caligo Crossing 2,459 4,897 (7 ) 2,546 4,803 7,349 2,823 4,526 — Cambridge Square 774 4,347 803 774 5,150 5,924 3,274 2,650 — Carmel Commons 2,466 12,548 5,456 3,422 17,048 20,470 9,810 10,660 — Carriage Gate 833 4,974 3,381 1,302 7,886 9,188 6,065 3,123 — Carytown Exchange 4,378 1,328 — 4,378 1,328 5,706 — 5,706 — Cashmere Corners 3,187 9,397 203 3,187 9,600 12,787 878 11,909 — Centerplace of Greeley III 6,661 11,502 206 5,694 12,675 18,369 4,885 13,484 — Charlotte Square 1,141 6,845 552 1,141 7,397 8,538 697 7,841 — Chasewood Plaza 4,612 20,829 5,555 6,876 24,120 30,996 17,147 13,849 — Chastain Square 30,074 12,644 1,340 30,074 13,984 44,058 1,344 42,714 — Cherry Grove 3,533 15,862 4,501 3,533 20,363 23,896 10,370 13,526 — Chimney Rock 25,666 46,782 — 25,666 46,782 72,448 2,587 69,861 — Circle Center West 22,930 9,028 74 22,930 9,102 32,032 739 31,293 9,864 CityLine Market 12,208 15,839 153 12,306 15,894 28,200 2,264 25,936 — CityLine Market Phase II 2,744 3,081 — 2,744 3,081 5,825 369 5,456 — Clayton Valley Shopping Center 24,189 35,422 2,814 24,538 37,887 62,425 24,506 37,919 — Clocktower Plaza Shopping Ctr 49,630 19,624 127 49,630 19,751 69,381 1,312 68,069 — Clybourn Commons 15,056 5,594 334 15,056 5,928 20,984 1,192 19,792 — Cochran's Crossing 13,154 12,315 1,522 13,154 13,837 26,991 9,801 17,190 — Compo Acres Shopping Center 28,627 10,395 608 28,627 11,003 39,630 681 38,949 — Concord Shopping Plaza 30,819 36,506 637 31,272 36,690 67,962 2,410 65,552 27,750 Copps Hill Plaza 29,515 40,673 203 29,514 40,877 70,391 2,842 67,549 13,293 REGENCY CENTERS CORPORATION AND REGENCY CENTERS, L.P. Initial Cost Total Cost Net Cost Shopping Centers (1) Land & Land Improvements Building & Improvements Cost Capitalized Subsequent to Acquisition (2) Land & Land Improvements Building & Improvements Total Accumulated Depreciation Net of Accumulated Depreciation Mortgages Coral Reef Shopping Center 14,922 15,200 565 14,922 15,765 30,687 1,100 29,587 — Corkscrew Village 8,407 8,004 600 8,407 8,604 17,011 3,466 13,545 — Cornerstone Square 1,772 6,944 1,682 1,772 8,626 10,398 5,619 4,779 — Corvallis Market Center 6,674 12,244 456 6,696 12,678 19,374 5,825 13,549 — Costa Verde Center 12,740 26,868 1,693 12,798 28,503 41,301 16,188 25,113 — Countryside Shops 17,982 35,574 13,934 23,038 44,452 67,490 2,691 64,799 — Courtyard Shopping Center 5,867 4 3 5,867 7 5,874 2 5,872 — Culver Center 108,841 32,308 565 108,841 32,873 141,714 2,548 139,166 — Danbury Green 30,303 19,255 122 30,303 19,377 49,680 1,317 48,363 — Dardenne Crossing 4,194 4,005 393 4,343 4,249 8,592 1,814 6,778 — Darinor Plaza 693 32,140 688 711 32,810 33,521 2,235 31,286 — Diablo Plaza 5,300 8,181 1,641 5,300 9,822 15,122 5,258 9,864 — Dunwoody Village 3,342 15,934 4,512 3,342 20,446 23,788 14,284 9,504 — East Pointe 1,730 7,189 2,090 1,941 9,068 11,009 5,570 5,439 — El Camino Shopping Center 7,600 11,538 13,155 10,266 22,027 32,293 7,581 24,712 — El Cerrito Plaza 11,025 27,371 2,092 11,025 29,463 40,488 10,480 30,008 — El Norte Parkway Plaza 2,834 7,370 3,373 3,263 10,314 13,577 5,399 8,178 — Elmwood Oaks Shopping Center 5,427 9,255 386 5,427 9,641 15,068 1,152 13,916 — Encina Grande 5,040 11,572 19,531 10,086 26,057 36,143 11,152 24,991 — Fairfield Center 6,731 29,420 752 6,731 30,172 36,903 4,574 32,329 — Falcon Marketplace 1,340 4,168 162 1,340 4,330 5,670 2,240 3,430 — Fellsway Plaza 30,712 7,327 10,105 34,923 13,221 48,144 5,014 43,130 37,500 Fenton Marketplace 2,298 8,510 (8,151 ) 512 2,145 2,657 853 1,804 — Fleming Island 3,077 11,587 3,006 3,111 14,559 17,670 7,823 9,847 — Folsom Prairie City Crossing 4,164 13,032 620 4,164 13,652 17,816 6,271 11,545 — Fountain Square 29,650 28,984 39 29,712 28,961 58,673 6,477 52,196 — French Valley Village Center 11,924 16,856 266 11,822 17,224 29,046 12,220 16,826 — Friars Mission Center 6,660 28,021 1,810 6,660 29,831 36,491 15,045 21,446 — Gardens Square 2,136 8,273 620 2,136 8,893 11,029 5,000 6,029 — Gateway 101 24,971 9,113 (1,302 ) 24,971 7,811 32,782 3,219 29,563 — Gateway Shopping Center 52,665 7,134 9,603 55,346 14,056 69,402 15,180 54,222 — Gelson's Westlake Market Plaza 3,157 11,153 5,793 4,654 15,449 20,103 6,837 13,266 — REGENCY CENTERS CORPORATION AND REGENCY CENTERS, L.P. Initial Cost Total Cost Net Cost Shopping Centers (1) Land & Land Improvements Building & Improvements Cost Capitalized Subsequent to Acquisition (2) Land & Land Improvements Building & Improvements Total Accumulated Depreciation Net of Accumulated Depreciation Mortgages Glen Oak Plaza 4,103 12,951 863 4,103 13,814 17,917 3,858 14,059 — Glengary Shoppes 9,120 11,541 14 9,120 11,555 20,675 1,046 19,629 — Glenwood Village 1,194 5,381 311 1,194 5,692 6,886 4,288 2,598 — Golden Hills Plaza 12,699 18,482 3,680 11,518 23,343 34,861 8,807 26,054 — Grand Ridge Plaza 24,208 61,033 6,106 24,918 66,429 91,347 17,134 74,213 — Greenwood Shopping Centre 7,777 24,829 375 7,777 25,204 32,981 1,865 31,116 — Hammocks Town Center 28,764 25,113 (19 ) 28,764 25,094 53,858 2,149 51,709 — Hancock 8,232 28,260 2,056 8,232 30,316 38,548 16,351 22,197 — Harpeth Village Fieldstone 2,284 9,443 620 2,284 10,063 12,347 5,293 7,054 — Harris Crossing 7,199 3,687 (1,615 ) 5,508 3,763 9,271 2,425 6,846 — Heritage Plaza 12,390 26,097 14,098 12,215 40,370 52,585 17,549 35,036 — Hershey 7 808 9 7 817 824 430 394 — Hewlett Crossing I & II 11,850 18,205 680 11,850 18,885 30,735 603 30,132 9,559 Hibernia Pavilion 4,929 5,065 162 4,929 5,227 10,156 2,970 7,186 — Hickory Creek Plaza 5,629 4,564 445 5,629 5,009 10,638 4,263 6,375 — Hillcrest Village 1,600 1,909 51 1,600 1,960 3,560 997 2,563 — Hilltop Village 2,995 4,581 3,593 3,104 8,065 11,169 2,296 8,873 — Hinsdale 5,734 16,709 11,498 8,343 25,598 33,941 12,666 21,275 — Holly Park 8,975 23,799 (112 ) 8,828 23,834 32,662 4,366 28,296 — Homestead McDonald's 2,229 — — 2,229 — 2,229 15 2,214 — Howell Mill Village 5,157 14,279 2,692 5,157 16,971 22,128 6,226 15,902 — Hyde Park 9,809 39,905 3,522 9,809 43,427 53,236 25,026 28,210 — Indian Springs Center 24,974 25,903 204 25,034 26,047 51,081 3,988 47,093 — Inglewood Plaza 1,300 2,159 657 1,300 2,816 4,116 1,496 2,620 — Jefferson Square 5,167 6,445 (7,219 ) 1,894 2,499 4,393 797 3,596 — Keller Town Center 2,294 12,841 666 2,404 13,397 15,801 6,787 9,014 — Kent Place 4,855 3,586 938 5,269 4,110 9,379 986 8,393 8,250 Kirkman Shoppes 9,364 26,243 540 9,367 26,780 36,147 1,827 34,320 — Kirkwood Commons 6,772 16,224 838 6,802 17,032 23,834 4,539 19,295 8,742 Klahanie Shopping Center 14,451 20,089 490 14,451 20,579 35,030 1,906 33,124 — Kroger New Albany Center 3,844 6,599 1,278 3,844 7,877 11,721 5,472 6,249 — Lake Mary Centre 24,036 57,476 576 24,036 58,052 82,088 4,546 77,542 — REGENCY CENTERS CORPORATION AND REGENCY CENTERS, L.P. Initial Cost Total Cost Net Cost Shopping Centers (1) Land & Land Improvements Building & Improvements Cost Capitalized Subsequent to Acquisition (2) Land & Land Improvements Building & Improvements Total Accumulated Depreciation Net of Accumulated Depreciation Mortgages Lake Pine Plaza 2,008 7,632 767 2,029 8,378 10,407 4,554 5,853 — Lantana Outparcels 3,710 1,004 — 3,710 1,004 4,714 157 4,557 — Lebanon/Legacy Center 3,913 7,874 689 3,913 8,563 12,476 5,903 6,573 — Littleton Square 2,030 8,859 (3,867 ) 2,423 4,599 7,022 2,186 4,836 — Lloyd King Center 1,779 10,060 1,213 1,779 11,273 13,052 6,224 6,828 — Lower Nazareth Commons 15,992 12,964 3,664 16,343 16,277 32,620 8,616 24,004 — Mandarin Landing 7,913 27,230 309 7,913 27,539 35,452 2,036 33,416 — Market at Colonnade Center 6,455 9,839 87 6,160 10,221 16,381 3,877 12,504 — Market at Preston Forest 4,400 11,445 1,291 4,400 12,736 17,136 6,915 10,221 — Market at Round Rock 2,000 9,676 6,543 1,996 16,223 18,219 9,577 8,642 — Market at Springwoods Village 12,712 12,351 — 12,712 12,351 25,063 988 24,075 10,309 Market Common Clarendon 154,932 126,328 712 154,932 127,040 281,972 14,928 267,044 — Marketplace at Briargate 1,706 4,885 87 1,727 4,951 6,678 2,668 4,010 — Mellody Farm 34,866 54,861 — 34,866 54,861 89,727 725 89,002 — Millhopper Shopping Center 1,073 5,358 5,980 1,901 10,510 12,411 6,906 5,505 — Mockingbird Commons 3,000 10,728 2,176 3,000 12,904 15,904 6,447 9,457 — Monument Jackson Creek 2,999 6,765 807 2,999 7,572 10,571 5,563 5,008 — Morningside Plaza 4,300 13,951 868 4,300 14,819 19,119 7,812 11,307 — Murryhill Marketplace 2,670 18,401 13,193 2,903 31,361 34,264 12,791 21,473 — Naples Walk 18,173 13,554 1,126 18,173 14,680 32,853 6,193 26,660 — Newberry Square 2,412 10,150 834 2,412 10,984 13,396 8,302 5,094 — Newland Center 12,500 10,697 8,247 16,192 15,252 31,444 7,894 23,550 — Nocatee Town Center 10,124 8,691 7,358 10,582 15,591 26,173 5,312 20,861 — North Hills 4,900 19,774 1,372 4,900 21,146 26,046 11,108 14,938 — Northgate Marketplace 5,668 13,727 (52 ) 4,995 14,348 19,343 4,786 14,557 — Northgate Marketplace Phase II 12,189 30,160 — 12,189 30,160 42,349 3,105 39,244 — Northgate Plaza (Maxtown Road) 1,769 6,652 4,899 2,840 10,480 13,320 4,766 8,554 — Northgate Square 5,011 8,692 1,073 5,011 9,765 14,776 4,086 10,690 — Northlake Village 2,662 11,284 1,717 2,686 12,977 15,663 6,661 9,002 — Oak Shade Town Center 6,591 28,966 670 6,591 29,636 36,227 8,020 28,207 7,570 Oakbrook Plaza 4,000 6,668 5,316 4,756 11,228 15,984 4,182 11,802 — Oakleaf Commons 3,503 11,671 256 3,190 12,240 15,430 5,844 9,586 — REGENCY CENTERS CORPORATION AND REGENCY CENTERS, L.P. Initial Cost Total Cost Net Cost Shopping Centers (1) Land & Land Improvements Building & Improvements Cost Capitalized Subsequent to Acquisition (2) Land & Land Improvements Building & Improvements Total Accumulated Depreciation Net of Accumulated Depreciation Mortgages Ocala Corners 1,816 10,515 522 1,816 11,037 12,853 3,764 9,089 4,148 Old St Augustine Plaza 2,368 11,405 7,771 3,178 18,366 21,544 7,068 14,476 — Pablo Plaza 11,894 21,407 2,322 12,596 23,027 35,623 3,338 32,285 — Paces Ferry Plaza 2,812 12,639 14,626 8,318 21,759 30,077 8,439 21,638 — Panther Creek 14,414 14,748 4,935 15,212 18,885 34,097 12,667 21,430 — Pavilion 15,626 22,124 446 15,626 22,570 38,196 1,848 36,348 — Peartree Village 5,197 19,746 873 5,197 20,619 25,816 12,325 13,491 — Persimmons Place 25,975 38,114 187 26,692 37,584 64,276 7,514 56,762 — Piedmont Peachtree Crossing 45,502 16,642 128 45,502 16,770 62,272 1,471 60,801 — Pike Creek 5,153 20,652 2,555 5,251 23,109 28,360 12,453 15,907 — Pine Island 21,086 28,123 2,432 21,086 30,555 51,641 2,772 48,869 — Pine Lake Village 6,300 10,991 1,287 6,300 12,278 18,578 6,458 12,120 — Pine Ridge Square 13,951 23,147 210 13,951 23,357 37,308 1,730 35,578 — Pine Tree Plaza 668 6,220 626 668 6,846 7,514 3,682 3,832 — Pinecrest Place 3,753 12,310 — 3,753 12,310 16,063 453 15,610 — Plaza Escuela 24,829 104,395 174 24,829 104,569 129,398 5,472 123,926 — Plaza Hermosa 4,200 10,109 3,045 4,202 13,152 17,354 6,595 10,759 — Pleasanton Plaza 21,839 24,743 85 21,839 24,828 46,667 1,789 44,878 — Point 50 (Formerly Fairfax Shopping Center) 15,239 11,367 (16,447 ) 10,159 — 10,159 — 10,159 — Point Royale Shopping Center 18,201 14,889 6,158 19,372 19,876 39,248 1,762 37,486 — Post Road Plaza 15,240 5,196 152 15,240 5,348 20,588 371 20,217 — Potrero Center 133,422 116,758 — 133,422 116,758 250,180 6,259 243,921 — Powell Street Plaza 8,248 30,716 2,422 8,248 33,138 41,386 15,488 25,898 — Powers Ferry Square 3,687 17,965 9,403 5,752 25,303 31,055 15,774 15,281 — Powers Ferry Village 1,191 4,672 538 1,191 5,210 6,401 3,820 2,581 — Preston Oaks 763 30,438 1,014 763 31,452 32,215 5,265 26,950 — Prestonbrook 7,069 8,622 573 7,069 9,195 16,264 6,732 9,532 — Prosperity Centre 11,682 26,215 (38 ) 11,681 26,178 37,859 1,953 35,906 — Ralphs Circle Center 20,939 6,317 (21 ) 20,939 6,296 27,235 552 26,683 — Red Bank Village 10,336 9,505 1,964 10,539 11,266 21,805 2,957 18,848 — Regency Commons 3,917 3,616 307 3,917 3,923 7,840 2,525 5,315 — REGENCY CENTERS CORPORATION AND REGENCY CENTERS, L.P. Initial Cost Total Cost Net Cost Shopping Centers (1) Land & Land Improvements Building & Improvements Cost Capitalized Subsequent to Acquisition (2) Land & Land Improvements Building & Improvements Total Accumulated Depreciation Net of Accumulated Depreciation Mortgages Regency Square 4,770 25,191 6,281 5,060 31,182 36,242 23,967 12,275 — Rivertowns Square 15,505 52,505 586 15,719 52,877 68,596 1,198 67,398 — Rona Plaza 1,500 4,917 259 1,500 5,176 6,676 2,983 3,693 — Roosevelt Square 40,371 32,108 1,324 40,382 33,421 73,803 1,017 72,786 — Russell Ridge 2,234 6,903 1,373 2,234 8,276 10,510 5,116 5,394 — Ryanwood Square 10,581 10,044 27 10,581 10,071 20,652 974 19,678 — Salerno Village 1,355 — — 1,355 — 1,355 9 1,346 — Sammamish-Highlands 9,300 8,075 8,180 9,592 15,963 25,555 8,286 17,269 — San Carlos Marketplace 36,006 57,886 (6 ) 36,006 57,880 93,886 3,151 90,735 — San Leandro Plaza 1,300 8,226 615 1,300 8,841 10,141 4,594 5,547 — Sandy Springs 6,889 28,056 2,874 6,889 30,930 37,819 6,539 31,280 — Sawgrass Promenade 10,846 12,525 132 10,846 12,657 23,503 1,099 22,404 — Scripps Ranch Marketplace 59,949 26,334 306 59,949 26,640 86,589 1,018 85,571 27,000 Sequoia Station 9,100 18,356 1,791 9,100 20,147 29,247 10,437 18,810 — Serramonte Center 390,106 172,652 54,176 409,772 207,162 616,934 13,114 603,820 — Shaw's at Plymouth 3,968 8,367 — 3,968 8,367 12,335 666 11,669 — Sheridan Plaza 82,260 97,273 651 82,260 97,924 180,184 6,814 173,370 — Sherwood Crossings 2,731 6,360 1,176 2,731 7,536 10,267 3,175 7,092 — Shoppes 104 11,193 — 2,351 7,021 6,523 13,544 2,456 11,088 — Shoppes at Homestead 5,420 9,450 2,064 5,420 11,514 16,934 5,859 11,075 — Shoppes at Lago Mar 8,323 11,347 (36 ) 8,323 11,311 19,634 985 18,649 — Shoppes at Sunlake Centre 16,643 15,091 195 16,643 15,286 31,929 1,475 30,454 — Shoppes of Grande Oak 5,091 5,985 489 5,091 6,474 11,565 5,067 6,498 — Shoppes of Jonathan's Landing 4,474 5,628 149 4,474 5,777 10,251 459 9,792 — Shoppes of Oakbrook 20,538 42,992 465 20,538 43,457 63,995 2,987 61,008 4,626 Shoppes of Silver Lakes 17,529 21,829 (68 ) 17,529 21,761 39,290 1,812 37,478 — Shoppes of Sunset 2,860 1,316 (21 ) 2,860 1,295 4,155 146 4,009 — Shoppes of Sunset II 2,834 715 9 2,834 724 3,558 123 3,435 — Shops at County Center 9,957 11,296 925 10,254 11,924 22,178 8,699 13,479 — Shops at Erwin Mill 9,082 6,124 246 9,082 6,370 15,452 2,243 13,209 10,000 Shops at John's Creek 1,863 2,014 (334 ) 1,501 2,042 3,543 1,334 2,209 — REGENCY CENTERS CORPORATION AND REGENCY CENTERS, L.P. Initial Cost Total Cost Net Cost Shopping Centers (1) Land & Land Improvements Building & Improvements Cost Capitalized Subsequent to Acquisition (2) Land & Land Improvements Building & Improvements Total Accumulated Depreciation Net of Accumulated Depreciation Mortgages Shops at Mira Vista 11,691 9,026 137 11,691 9,163 20,854 1,779 19,075 225 Shops at Quail Creek 1,487 7,717 454 1,458 8,200 9,658 3,436 6,222 — Shops at Saugus 19,201 17,984 (120 ) 18,811 18,254 37,065 9,213 27,852 — Shops at Skylake 84,586 39,342 1,270 85,117 40,081 125,198 3,516 121,682 — Shops on Main 17,020 27,055 10,252 18,555 35,772 54,327 7,634 46,693 — Siegen Village 6,462 11,834 268 6,462 12,102 18,564 1,452 17,112 — Sope Creek Crossing 2,985 12,001 3,027 3,332 14,681 18,013 8,109 9,904 — South Bay Village 11,714 15,580 1,739 11,776 17,257 29,033 3,955 25,078 — South Beach Regional 28,188 53,405 490 28,188 53,895 82,083 4,240 77,843 — South Point 6,563 7,939 25 6,563 7,964 14,527 675 13,852 — Southbury Green 26,661 34,325 1,685 26,686 35,985 62,671 2,358 60,313 — Southcenter 1,300 12,750 2,088 1,300 14,838 16,138 7,568 8,570 — Southpark at Cinco Ranch 18,395 11,306 7,371 21,438 15,634 37,072 5,238 31,834 — SouthPoint Crossing 4,412 12,235 1,049 4,382 13,314 17,696 6,882 10,814 — Starke 71 1,683 7 71 1,690 1,761 771 990 — Star's at Cambridge 31,082 13,520 — 31,082 13,520 44,602 919 43,683 — Star's at Quincy 27,003 9,425 — 27,003 9,425 36,428 1,011 35,417 — Star's at West Roxbury 21,973 13,386 (9 ) 21,973 13,377 35,350 922 34,428 — Sterling Ridge 12,846 12,162 826 12,846 12,988 25,834 9,596 16,238 — Stroh Ranch 4,280 8,189 659 4,280 8,848 13,128 6,276 6,852 — Suncoast Crossing 9,030 10,764 4,569 13,374 10,989 24,363 6,337 18,026 — Talega Village Center 22,415 12,054 39 22,415 12,093 34,508 930 33,578 — Tamarac Town Square 12,584 9,221 (5 ) 12,584 9,216 21,800 919 20,881 — Tanasbourne Market 3,269 10,861 (272 ) 3,269 10,589 13,858 4,958 8,900 — Tassajara Crossing 8,560 15,464 1,630 8,560 17,094 25,654 8,550 17,104 — Tech Ridge Center 12,945 37,169 (14 ) 12,945 37,155 50,100 13,800 36,300 5,694 The Abbot (Formerly The Collection at Harvard Square) 72,910 6,086 14 72,910 6,100 79,010 1,984 77,026 — The Field at Commonwealth 25,328 15,490 — 25,328 15,490 40,818 814 40,004 — The Gallery at Westbury Plaza 108,653 216,771 885 108,653 217,656 326,309 12,808 313,501 — The Hub Hillcrest Market 18,773 61,906 5,059 19,611 66,127 85,738 12,181 73,557 — The Marketplace Shopping Center 10,927 36,052 161 10,927 36,213 47,140 2,382 44,758 — REGENCY CENTERS CORPORATION AND REGENCY CENTERS, L.P. Initial Cost Total Cost Net Cost Shopping Centers (1) Land & Land Improvements Building & Improvements Cost Capitalized Subsequent to Acquisition (2) Land & Land Improvements Building & Improvements Total Accumulated Depreciation Net of Accumulated Depreciation Mortgages The Plaza at St. Lucie West 1,718 6,204 (6 ) 1,718 6,198 7,916 442 7,474 — The Point at Garden City Park 741 9,764 5,444 2,518 13,431 15,949 1,331 14,618 — The Shops at Hampton Oaks 843 372 61 843 433 1,276 54 1,222 — The Shops at Stonewall 27,511 22,123 8,787 28,633 29,788 58,421 17,319 41,102 — The Village at Riverstone 20,645 11,155 — 20,645 11,155 31,800 173 31,627 — The Village Center 43,597 16,428 502 44,070 16,457 60,527 1,261 59,266 13,434 Town and Country 4,664 5,207 27 4,664 5,234 9,898 635 9,263 — Town Square 883 8,132 378 883 8,510 9,393 5,030 4,363 — Treasure Coast Plaza 7,553 21,554 378 7,553 21,932 29,485 1,609 27,876 2,746 Tustin Legacy 13,836 23,856 — 13,836 23,856 37,692 1,420 36,272 — Twin City Plaza 17,245 44,225 2,295 17,263 46,502 63,765 16,382 47,383 — Twin Peaks 5,200 25,827 1,866 5,200 27,693 32,893 13,947 18,946 — Unigold Shopping Center 5,490 5,144 6,320 5,561 11,393 16,954 810 16,144 — University Commons 4,070 30,785 5 4,070 30,790 34,860 4,234 30,626 36,425 Valencia Crossroads 17,921 17,659 1,207 17,921 18,866 36,787 15,823 20,964 — Village at La Floresta 13,140 20,571 (272 ) 13,156 20,283 33,439 3,342 30,097 — Village at Lee Airpark 11,099 12,968 3,485 12,007 15,545 27,552 8,952 18,600 — Village Center 3,885 14,131 8,974 5,480 21,510 26,990 9,461 17,529 — Vons Circle Center 49,037 22,618 88 49,037 22,706 71,743 1,651 70,092 7,699 Walker Center 3,840 7,232 4,151 3,878 11,345 15,223 6,572 8,651 — Walmart Norwalk 20,394 21,261 — 20,394 21,261 41,655 1,709 39,946 — Waterstone Plaza 5,498 13,500 12 5,498 13,512 19,010 978 18,032 — Welleby Plaza 1,496 7,787 1,504 1,496 9,291 10,787 7,434 3,353 — Wellington Town Square 2,041 12,131 111 2,041 12,242 14,283 7,157 7,126 — West Bird Plaza 12,934 18,594 (5 ) 12,934 18,589 31,523 1,355 30,168 — West Chester Plaza 1,857 7,572 483 1,857 8,055 9,912 5,566 4,346 — West Lake Shopping Center 10,561 9,792 (16 ) 10,561 9,776 20,337 1,007 19,330 — West Park Plaza 5,840 5,759 1,590 5,840 7,349 13,189 4,117 9,072 — Westbury Plaza 116,129 51,460 3,082 116,129 54,542 170,671 4,695 165,976 88,000 Westchase 5,302 8,273 964 5,302 9,237 14,539 3,582 10,957 — Westchester Commons 3,366 11,751 10,722 4,894 20,945 25,839 7,287 18,552 — Westlake Village Plaza 7,043 27,195 29,943 17,602 46,579 64,181 22,831 41,350 — REGENCY CENTERS CORPORATION AND REGENCY CENTERS, L.P. Initial Cost Total Cost Net Cost Shopping Centers (1) Land & Land Improvements Building & Improvements Cost Capitalized Subsequent to Acquisition (2) Land & Land Improvements Building & Improvements Total Accumulated Depreciation Net of Accumulated Depreciation Mortgages Westport Plaza 9,035 7,455 9 9,035 7,464 16,499 668 15,831 2,651 Westwood - Manor Care 12,808 2,420 — 12,808 2,420 15,228 120 15,108 — Westwood Shopping Center 115,051 19,095 — 115,051 19,095 134,146 4,478 129,668 — Westwood Village 19,933 25,301 (2,075 ) 18,733 24,426 43,159 13,177 29,982 — Whole Foods at Swampscott 7,399 8,322 — 7,399 8,322 15,721 574 15,147 — Williamsburg at Dunwoody 7,435 3,721 563 7,444 4,275 11,719 455 11,264 — Willow Festival 1,954 56,501 2,994 1,976 59,473 61,449 14,757 46,692 39,505 Willow Oaks Crossing 6,664 7,833 6 6,664 7,839 14,503 1,538 12,965 — Willows Shopping Center 51,964 78,029 592 51,992 78,593 130,585 4,851 125,734 — Woodcroft Shopping Center 1,419 6,284 1,078 1,421 7,360 8,781 4,526 4,255 — Woodman Van Nuys 5,500 7,195 293 5,500 7,488 12,988 3,953 9,035 — Woodmen Plaza 7,621 11,018 920 7,621 11,938 19,559 10,631 8,928 — Woodside Central 3,500 9,288 537 3,489 9,836 13,325 5,134 8,191 — Young Circle Shopping Center 5,986 10,394 9 5,986 10,403 16,389 789 15,600 — Corporate Assets — — 1,667 — 1,667 1,667 1,615 52 — Land held for future development 37,520 — (6,636 ) 30,875 9 30,884 2 30,882 — Construction in progress — — 54,172 — 54,172 54,172 — 54,172 — $ 4,736,970 5,495,990 630,202 4,819,292 6,043,870 10,863,162 1,535,444 9,327,718 525,182 (1) See Item 2, Properties for geographic location and year each operating property was acquired. (2) The negative balance for costs capitalized subsequent to acquisition could include out-parcels sold, provision for loss recorded, and demolition of part of the property for redevelopment. See accompanying report of independent registered public accounting firm. Depreciation and amortization of the Company's investment in buildings and improvements reflected in the statements of operations is calculated over the estimated useful lives of the assets, which are up to 40 years. The aggregate cost for federal income tax purposes was approximately $8.7 billion at December 31, 2018 . The changes in total real estate assets for the years ended December 31, 2018 , 2017 , and 2016 are as follows (in thousands): 2018 2017 2016 Beginning balance $ 10,892,821 4,933,499 4,545,900 Acquired properties and land 113,911 5,772,265 370,010 Developments and improvements 198,005 273,871 148,904 Sale of properties (277,270 ) (86,814 ) (126,855 ) Properties held for sale (59,438 ) — — Provision for impairment (4,867 ) — (4,460 ) Ending balance $ 10,863,162 10,892,821 4,933,499 The changes in accumulated depreciation for the years ended December 31, 2018 , 2017 , and 2016 are as follows (in thousands): 2018 2017 2016 Beginning balance $ 1,339,771 1,124,391 1,043,787 Depreciation expense 249,489 222,395 115,355 Sale of properties (45,901 ) (7,015 ) (32,791 ) Accumulated depreciation related to properties held for sale (7,729 ) — — Provision for impairment (186 ) — (1,960 ) Ending balance $ 1,535,444 1,339,771 1,124,391 |
Stock-Based Compensation (Notes
Stock-Based Compensation (Notes) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | Stock-Based Compensation The Company recorded stock-based compensation in general and administrative expenses in the accompanying Consolidated Statements of Operations, the components of which are further described below: Year ended December 31, (in thousands) 2018 2017 2016 Restricted stock (1) $ 16,745 15,525 13,422 Directors' fees paid in common stock (1) 399 303 193 Capitalized stock-based compensation (2) (3,509 ) (3,210 ) (2,963 ) Stock based compensation attributable to post-combination service from Equity One merger — 7,931 — Stock-based compensation, net of capitalization $ 13,635 20,549 10,652 (1) Includes amortization of the grant date fair value of restricted stock awards over the respective vesting periods. (2) Includes compensation expense specifically identifiable to development and leasing activities. The Company established its Long Term Omnibus Plan (the "Plan") under which the Board of Directors may grant stock options and other stock-based awards to officers, directors, and other key employees. The Plan allows the Company to issue up to 4.1 million shares in the form of the Parent Company's common stock or stock options. As of December 31, 2018 , there were 1.2 million shares available for grant under the Plan either through stock options or restricted stock. Restricted Stock Awards The Company grants restricted stock under the Plan to its employees as a form of long-term compensation and retention. The terms of each restricted stock grant vary depending upon the participant's responsibilities and position within the Company. The Company's stock grants can be categorized as either time-based awards, performance-based awards, or market-based awards. All awards are valued at fair value, earn dividends throughout the vesting period, and have no voting rights. Fair value is measured using the grant date market price for all time-based or performance-based awards. Market based awards are valued using a Monte Carlo simulation to estimate the fair value based on the probability of satisfying the market conditions and the projected stock price at the time of payout, discounted to the valuation date over a three year performance period. Assumptions include historic volatility over the previous three year period, risk-free interest rates, and Regency's historic daily return as compared to the market index. Since the award payout includes dividend equivalents and the total shareholder return includes the value of dividends, no dividend yield assumption is required for the valuation. Compensation expense is measured at the grant date and recognized on a straight-line basis over the requisite vesting period for the entire award. The following table summarizes non-vested restricted stock activity: Year ended December 31, 2018 Number of Shares Intrinsic Value Weighted Average Grant Price Non-vested as of December 31, 2017 570,077 Time-based awards granted (1) (4) 130,584 $61.66 Performance-based awards granted (2) (4) 14,935 $62.57 Market-based awards granted (3) (4) 113,126 $65.74 Change in market-based awards earned for performance (3) 64,330 $60.34 Vested (5) (287,331 ) $60.23 Forfeited (10,550 ) $68.65 Non-vested as of December 31, 2018 (6) 595,171 $34,925 (1) Time-based awards vest beginning on the first anniversary following the grant date over a three or four year service period. These grants are subject only to continued employment and are not dependent on future performance measures. Accordingly, if such vesting criteria are not met, compensation cost previously recognized would be reversed. (2) Performance-based awards are earned subject to future performance measurements. Once the performance criteria are achieved and the actual number of shares earned is determined, shares vest over a required service period. The Company considers the likelihood of meeting the performance criteria based upon management's estimates from which it determines the amounts recognized as expense on a periodic basis. (3) Market-based awards are earned dependent upon the Company's total shareholder return in relation to the shareholder return of a NAREIT index over a three-year period. Once the performance criteria are met and the actual number of shares earned is determined, the shares are immediately vested and distributed. The probability of meeting the criteria is considered when calculating the estimated fair value on the date of grant using a Monte Carlo simulation. These awards are accounted for as awards with market criteria, with compensation cost recognized over the service period, regardless of whether the performance criteria are achieved and the awards are ultimately earned. The significant assumptions underlying determination of fair values for market-based awards granted were as follows: Year ended December 31, 2018 2017 2016 Volatility 19.20% 18.00% 18.50% Risk free interest rate 2.26% 1.48% 0.88% (4) The weighted-average grant price for restricted stock granted during the years is summarized below: Year ended December 31, 2018 2017 2016 Weighted-average grant price for restricted stock $ 63.50 $ 72.05 $ 79.40 (5) The total intrinsic value of restricted stock vested during the years is summarized below (in thousands): Year ended December 31, 2018 2017 2016 Intrinsic value of restricted stock vested $ 17,306 $ 14,376 $ 15,400 (6) As of December 31, 2018, there was $13.1 million of unrecognized compensation cost related to non-vested restricted stock granted under the Parent Company's Plan. When recognized, this compensation results in additional paid in capital in the accompanying Consolidated Statements of Equity of the Parent Company and in general partner preferred and common units in the accompanying Consolidated Statements of Capital of the Operating Partnership. This unrecognized compensation cost is expected to be recognized over the next three years. The Company issues new restricted stock from its authorized shares available at the date of grant. |
Saving and Retirement Plans (No
Saving and Retirement Plans (Notes) | 12 Months Ended |
Dec. 31, 2018 | |
Retirement Benefits [Abstract] | |
Compensation and Employee Benefit Plans [Text Block] | Saving and Retirement Plans 401(k) Retirement Plan The Company maintains a 401(k) retirement plan covering substantially all employees and permits participants to defer eligible compensation up to the maximum allowable amount determined by the IRS. This deferred compensation, together with Company matching contributions equal to 100% of employee deferrals up to a maximum of $5,000 of their eligible compensation, is fully vested and funded as of December 31, 2018 . Additionally, an annual profit sharing contribution may be made, which vests over a three year period. Costs for Company contributions to the plan totaled $3.9 million , $4.1 million and $3.3 million for the years ended December 31, 2018 , 2017 , and 2016 , respectively. Non-Qualified Deferred Compensation Plan The Company maintains a non-qualified deferred compensation plan (“NQDCP”), which allows select employees and directors to defer part or all of their cash bonus, director fees, and vested restricted stock awards. All contributions into the participants' accounts are fully vested upon contribution to the NQDCP and are deposited in a Rabbi trust. The following table reflects the balances of the assets and deferred compensation liabilities of the Rabbi trust in the accompanying Consolidated Balance Sheets: Non Qualified Deferred Compensation Plan Component (1) Year ended December 31, (in thousands) 2018 2017 Assets: Trading securities held in trust (2) $ 31,351 31,662 Liabilities: Accounts payable and other liabilities $ 31,166 31,383 (1) Assets and liabilities of the Rabbi trust are exclusive of the shares of the Company's common stock. (2) Included within Other assets in the accompanying Consolidated Balance Sheets. Realized and unrealized gains and losses on securities held in the NQDCP are recognized within Net investment income in the accompanying Consolidated Statements of Operations. Changes in participant obligations, which is based on changes in the value of their investment elections, is recognized within General and administrative expenses within the accompanying Consolidated Statements of Operations. Investments in shares of the Company's common stock are included, at cost, as treasury stock in the accompanying Consolidated Balance Sheets of the Parent Company and as a reduction of general partner capital in the accompanying Consolidated Balance Sheets of the Operating Partnership. The participant's deferred compensation liability attributable to the participants' investments in shares of the Company's common stock are included, at cost, within additional paid in capital in the accompanying Consolidated Balance Sheets of the Parent Company and as a reduction of general partner capital in the accompanying Consolidated Balance Sheets of the Operating Partnership. Changes in participant account balances related to the Regency common stock fund are recorded directly within stockholders' equity. |
Other Assets (Notes)
Other Assets (Notes) | 12 Months Ended |
Dec. 31, 2018 | |
Other Assets [Abstract] | |
Other Assets Disclosure [Text Block] | (e) Other Assets Goodwill Goodwill represents the excess of the purchase price consideration for the Equity One merger over the fair value of the assets acquired and liabilities assumed. The Company accounts for goodwill in accordance with ASC Topic 350, Intangibles - Goodwill and Othe r, and allocates its goodwill to its reporting units, which have been determined to be at the individual property level. The Company performs an impairment evaluation of its goodwill at least annually, in November of each year, or more frequently as triggers occur. The goodwill impairment evaluation is completed using either a qualitative or quantitative approach. Under a qualitative approach, the impairment review for goodwill consists of an assessment of whether it is more-likely-than-not that the reporting unit’s fair value is less than its carrying value, including goodwill. If a qualitative approach indicates it is more likely-than-not that the estimated carrying value of a reporting unit (including goodwill) exceeds its fair value, or if the Company chooses to bypass the qualitative approach for any reporting unit, the Company will perform the quantitative approach described below. The quantitative approach consists of estimating the fair value of each reporting unit using discounted projected future cash flows and comparing those estimated fair values with the carrying values, which include the allocated goodwill. If the estimated fair value is less than the carrying value, the Company would then recognize a goodwill impairment charge for the amount by which the carrying amount exceeds the reporting unit's fair value, not to exceed the total amount of goodwill allocated to that reporting unit. Investments The Company determines the appropriate classification of its investments in debt and equity securities at the time of purchase and reevaluates such determinations at each balance sheet date. The fair value of securities is determined using quoted market prices. Debt securities are classified as held to maturity when the Company has the positive intent and ability to hold the securities to maturity. Debt securities that are bought and held principally for the purpose of selling them in the near term are classified as trading securities and are reported at fair value, with unrealized gains and losses recognized through earnings in Investment income in the Consolidated Statements of Operations. Debt securities not classified as held to maturity or as trading, are classified as available-for-sale, and are carried at fair value, with the unrealized gains and losses, net of tax, included in the determination of comprehensive income and reported in the Consolidated Statements of Comprehensive Income. Equity securities with readily determinable fair values are measured at fair value with changes in the fair value recognized through net income and presented within Investment income in the Consolidated Statements of Operations. Other Assets The following table represents the components of Other assets in the accompanying Consolidated Balance Sheets: (in thousands) December 31, 2018 December 31, 2017 Goodwill $ 314,143 331,884 Investments 41,287 41,636 Prepaid and other 17,937 30,332 Derivative assets 17,482 14,515 Furniture, fixtures, and equipment, net 6,127 6,123 Deferred financing costs, net 6,851 2,637 Total other assets $ 403,827 427,127 The following table presents the goodwill balances and activity during the year to date periods ended: (in thousands) December 31, 2018 December 31, 2017 Goodwill Accumulated Impairment Losses Total Goodwill Accumulated Impairment Losses Total Beginning of year balance $ 331,884 — 331,884 — — — Goodwill resulting from Equity One merger 500 — 500 331,884 — 331,884 Goodwill allocated to Provision for impairment — (12,628 ) (12,628 ) — — — Goodwill allocated to Properties held for sale (1,159 ) — (1,159 ) — — — Goodwill associated with disposed reporting units: Goodwill allocated to Provision for impairment (9,913 ) 9,913 — — — — Goodwill allocated to Gain on sale of real estate (4,454 ) — (4,454 ) — — — End of year balance $ 316,858 (2,715 ) 314,143 331,884 — 331,884 During the year ended December 31, 2018 , the Company recognized a $38.4 million provision for impairment, net of tax, on seven operating properties that sold or are expected to sell, including $12.6 million of goodwill. As the Company identifies properties ("reporting units") that no longer meet its investment criteria, it will evaluate the property for potential sale. A decision to sell a reporting unit results in the need to evaluate its goodwill for recoverability and may result in impairment. If events occur that trigger an impairment evaluation at multiple reporting units, a goodwill impairment may be significant. |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2018 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Estimates, Risks and Uncertainties | Estimates, Risks, and Uncertainties The preparation of the consolidated financial statements in conformity with U.S. GAAP requires the Company's management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of commitments and contingent assets and liabilities, at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The most significant estimates in the Company's financial statements relate to the net carrying values of its real estate investments, collectability of accounts receivable and straight line rent receivable, goodwill, and acquired lease intangible assets and acquired lease intangible liabilities. It is possible that the estimates and assumptions that have been utilized in the preparation of the consolidated financial statements could change significantly if economic conditions were to weaken. |
Consolidation | Consolidation The accompanying consolidated financial statements include the accounts of the Parent Company, the Operating Partnership, its wholly-owned subsidiaries, and consolidated partnerships in which the Company has a controlling interest. Investments in real estate partnerships not controlled by the Company are accounted for under the equity method. All significant inter-company balances and transactions are eliminated in the consolidated financial statements. The Company consolidates properties that are wholly owned or properties where it owns less than 100%, but which it controls. Control is determined using an evaluation based on accounting standards related to the consolidation of VIEs and voting interest entities. For joint ventures that are determined to be a VIE, the Company consolidates the entity where it is deemed to be the primary beneficiary. Determination of the primary beneficiary is based on whether an entity has (1) the power to direct the activities of the VIE that most significantly impact the entity's economic performance, and (2) the obligation to absorb losses of the entity that could potentially be significant to the VIE or the right to receive benefits from the entity that could potentially be significant to the VIE. Ownership of the Parent Company The Parent Company has a single class of common stock outstanding. Ownership of the Operating Partnership The Operating Partnership's capital includes general and limited common Partnership Units. As of December 31, 2018 , the Parent Company owned approximately 99.8% , or 167,904,593 , of the 168,254,495 outstanding common Partnership Units of the Operating Partnership, with the remaining limited common Partnership Units held by third parties ("Exchangeable operating partnership units" or "EOP units"). The Parent Company serves as general partner of the Operating Partnership. The EOP unit holders have limited rights over the Operating Partnership such that they do not have the power to direct the activities of the Operating Partnership. Accordingly, the Operating Partnership is considered a VIE, and the Parent Company, which consolidates it, is the primary beneficiary. The Parent Company's only investment is the Operating Partnership. Net income and distributions of the Operating Partnership are allocable to the general and limited common Partnership Units in accordance with their ownership percentages. |
Schedule of Variable Interest Entities [Table Text Block] | The major classes of assets, liabilities, and noncontrolling equity interests held by the Company's VIEs, exclusive of the Operating Partnership as a whole, are as follows: (in thousands) December 31, 2018 December 31, 2017 Assets Net real estate investments $112,085 172,736 Cash and cash equivalents 7,309 4,993 Liabilities Notes payable 18,432 16,551 Equity Limited partners’ interests in consolidated partnerships 30,280 17,572 |
Investments in Real Estate Partnerships | Real Estate Partnerships Regency has a partial ownership interest in 133 properties through partnerships, of which 13 are consolidated. Regency's partners include institutional investors, other real estate developers and/or operators, and individual parties who had a role in Regency sourcing transactions for development and investment (the "Partners" or "limited partners"). Regency has a variable interest in these entities through its equity interests. As managing member, Regency maintains the books and records and typically provides leasing and property management to the partnerships. The Partners’ level of involvement in these partnerships varies from protective decisions (debt, bankruptcy, selling primary asset(s) of business) to involvement in approving leases, operating budgets, and capital budgets. The assets of these partnerships are restricted to the use of the partnerships and cannot be used by general creditors of the Company. And similarly, the obligations of these partnerships can only be settled by the assets of these partnerships. • Those partnerships for which the Partners are involved in the day to day decisions and do not have any other aspects that would cause them to be considered VIEs, are evaluated for consolidation using the voting interest model. ◦ Those partnerships in which Regency has a controlling financial interest are consolidated and the limited partners’ ownership interest and share of net income is recorded as noncontrolling interest. ◦ Those partnerships in which Regency does not have a controlling financial interest are accounted for using the equity method and Regency's ownership interest is recognized through single-line presentation as Investments in real estate partnerships, in the Consolidated Balance Sheet, and Equity in income of investments in real estate partnerships, in the Consolidated Statements of Operations. Cash distributions of earnings from operations from Investments in real estate partnerships are presented in Cash flows provided by operating activities in the accompanying Consolidated Statements of Cash Flows. Cash distributions from the sale of a property or loan proceeds received from the placement of debt on a property included in Investments in real estate partnerships are presented in Cash flows provided by investing activities in the accompanying Consolidated Statements of Cash Flows. Distributed proceeds from debt refinancing and real estate sales in excess of Regency's carrying value of its investment has resulted in a negative investment balance for one partnership, which is recorded within Accounts payable and other liabilities in the Consolidated Balance Sheets. The net difference in the carrying amount of investments in real estate partnerships and the underlying equity in net assets is accreted to earnings and recorded in Equity in income of investments in real estate partnerships in the accompanying Consolidated Statements of Operations over the expected useful lives of the properties and other intangible assets, which range in lives from 10 to 40 years. • Those partnerships for which the Partners only have protective rights are considered VIEs under ASC Topic 810, Consolidation . Regency is the primary beneficiary of these VIEs as Regency has power over these partnerships and they operate primarily for the benefit of Regency. As such, Regency consolidates these entities and reports the limited partners’ interest as noncontrolling interests. The majority of the operations of the VIEs are funded with cash flows generated by the properties, or in the case of developments, with capital contributions or third party construction loans. Regency does not provide financial support to the VIEs. The major classes of assets, liabilities, and noncontrolling equity interests held by the Company's VIEs, exclusive of the Operating Partnership as a whole, are as follows: (in thousands) December 31, 2018 December 31, 2017 Assets Net real estate investments $112,085 172,736 Cash and cash equivalents 7,309 4,993 Liabilities Notes payable 18,432 16,551 Equity Limited partners’ interests in consolidated partnerships 30,280 17,572 Noncontrolling Interests Noncontrolling Interests of the Parent Company The consolidated financial statements of the Parent Company include the following ownership interests held by owners other than the common stockholders of the Parent Company: (i) the limited Partnership Units in the Operating Partnership held by third parties ("Exchangeable operating partnership units") and (ii) the minority-owned interest held by third parties in consolidated partnerships (“Limited partners' interests in consolidated partnerships”). The Parent Company has included all of these noncontrolling interests in permanent equity, separate from the Parent Company's stockholders' equity, in the accompanying Consolidated Balance Sheets and Consolidated Statements of Equity. The portion of net income or comprehensive income attributable to these noncontrolling interests is included in net income and comprehensive income in the accompanying Consolidated Statements of Operations and Consolidated Statements of Comprehensive Income of the Parent Company. In accordance with ASC Topic 480, Distinguishing Liabilities from Equity , securities that are redeemable for cash or other assets at the option of the holder, not solely within the control of the issuer, are to be classified as redeemable noncontrolling interests outside of permanent equity in the Consolidated Balance Sheets. The Parent Company has evaluated the conditions as specified under ASC Topic 480 as it relates to exchangeable operating partnership units outstanding and concluded that it has the right to satisfy the redemption requirements of the units by delivering unregistered common stock. Each outstanding exchangeable operating partnership unit is exchangeable for one share of common stock of the Parent Company, and the unit holder cannot require redemption in cash or other assets. Limited partners' interests in consolidated partnerships are not redeemable by the holders. The Parent Company also evaluated its fiduciary duties to itself, its shareholders, and, as the managing general partner of the Operating Partnership, to the Operating Partnership, and concluded its fiduciary duties are not in conflict with each other or the underlying agreements. Therefore, the Parent Company classifies such units and interests as permanent equity in the accompanying Consolidated Balance Sheets and Consolidated Statements of Equity. Noncontrolling Interests of the Operating Partnership The Operating Partnership has determined that limited partners' interests in consolidated partnerships are noncontrolling interests. Subject to certain conditions and pursuant to the terms of the agreement, the Company generally has the right, but not the obligation, to purchase the other member’s interest or sell its own interest in these consolidated partnerships. The Operating Partnership has included these noncontrolling interests in permanent capital, separate from partners' capital, in the accompanying Consolidated Balance Sheets and Consolidated Statements of Capital. The portion of net income (loss) or comprehensive income (loss) attributable to these noncontrolling interests is included in net income and comprehensive income in the accompanying Consolidated Statements of Operations and Consolidated Statements Comprehensive Income of the Operating Partnership. |
Receivables, Trade and Other Accounts Receivable, Allowance for Doubtful Accounts, Policy [Policy Text Block] | The following table represents the components of Tenant and other receivables, net in the accompanying Consolidated Balance Sheets: December 31, (in thousands) 2018 2017 Billed tenant receivables $ 25,590 25,329 Accrued CAM, insurance and tax reimbursements 25,305 14,825 Other receivables 30,953 34,472 Straight-line rent receivables 105,677 93,284 Notes receivable — 15,803 Less: allowance for doubtful accounts (10,100 ) (8,040 ) Less: straight-line rent reserves (5,066 ) (4,688 ) Total tenant and other receivables, net $ 172,359 170,985 |
Provisions for Doubtful Accounts [Table Text Block] | The Company recorded the following provisions for doubtful accounts: Year ended December 31, (in thousands) 2018 2017 2016 Gross provision for doubtful accounts $ 4,993 3,992 1,705 Provision for straight line rent reserve $ 1,741 1,129 2,271 |
Revenues | Revenues and Tenant Receivable Leasing Revenue and Receivables The Company leases space to tenants under agreements with varying terms. Leases are accounted for as operating leases with minimum rent recognized on a straight-line basis over the term of the lease regardless of when payments are due. When the Company is the owner of the leasehold improvements, recognition of straight-line lease revenue commences when the lessee is given possession of the leased space upon completion of tenant improvements. However, when the leasehold improvements are owned by the tenant, the lease inception date is the date the tenant obtains possession of the leased space for purposes of constructing its leasehold improvements. More than half of all of the lease agreements with anchor tenants contain provisions that provide for additional rents based on tenants' sales volume ("percentage rent"). Percentage rents are recognized when the tenants achieve the specified targets as defined in their lease agreements. Most all lease agreements contain provisions for reimbursement of the tenants' share of real estate taxes, insurance and CAM costs. Recovery of real estate taxes, insurance, and CAM costs are recognized as the respective costs are incurred in accordance with the lease agreements. The following table represents the components of Tenant and other receivables, net in the accompanying Consolidated Balance Sheets: December 31, (in thousands) 2018 2017 Billed tenant receivables $ 25,590 25,329 Accrued CAM, insurance and tax reimbursements 25,305 14,825 Other receivables 30,953 34,472 Straight-line rent receivables 105,677 93,284 Notes receivable — 15,803 Less: allowance for doubtful accounts (10,100 ) (8,040 ) Less: straight-line rent reserves (5,066 ) (4,688 ) Total tenant and other receivables, net $ 172,359 170,985 The Company estimates the collectibility of the accounts receivable related to base rents, straight-line rents, expense reimbursements, and other revenue taking into consideration the Company's historical write-off experience, tenant credit-worthiness, current economic trends, and remaining lease terms . The Company recorded the following provisions for doubtful accounts: Year ended December 31, (in thousands) 2018 2017 2016 Gross provision for doubtful accounts $ 4,993 3,992 1,705 Provision for straight line rent reserve $ 1,741 1,129 2,271 Real Estate Sales On January 1, 2018, the Company adopted the new accounting guidance for sales of nonfinancial assets (“Subtopic 610-20”), as discussed further in the section below, Recent Accounting Pronouncements. Upon adoption of the new standard, the Company's accounting policy for real estate sales subject to Subtopic 610-20 has been updated. Effective January 1, 2018, the Company derecognizes real estate and recognizes a gain or loss on sales of real estate when a contract exists and control of the property has transferred to the buyer. Control of the property, including controlling financial interest, is generally considered to transfer upon closing through transfer of the legal title and possession of the property. Any retained noncontrolling interest is measured at fair value. This change in accounting policy resulted in the recognition, through opening retained earnings on January 1, 2018, of $30.9 million of previously deferred gains from property sales to the Company's Investments in real estate partnerships. Prior to January 1, 2018, the Company recognized profits from sales of real estate under the full accrual method by the Company when: (i) a sale was consummated; (ii) the buyer's initial and continuing investment was adequate to demonstrate a commitment to pay for the property; (iii) the Company's receivable, if applicable, was not subject to future subordination; (iv) the Company had transferred to the buyer the usual risks and rewards of ownership; and (v) the Company did not have substantial continuing involvement with the property. Management Services On January 1, 2018, the Company adopted the new accounting guidance for revenue recognition (Topic 606 Revenue from Contracts with Customers , “Topic 606”), as discussed further in the section below, Recent Accounting Pronouncements. Upon adoption of the new standard, certain of the Company's significant accounting policies subject to Topic 606 have been updated. The Company adopted Topic 606 using a modified retrospective approach and applied the transition practical expedients allowed by the standard. Additionally, the Company does not need to estimate variable consideration to recognize revenue and was able to apply the practical expedient related to the remaining performance obligations, because all of its performance obligations are: • satisfied at a point in time, • part of a contract that has an original expected duration of one year or less, or • considered to be a series of performance obligations where variable consideration is allocated entirely to a wholly unsatisfied distinct day of service that forms part of the series. Subsequent to the adoption of Topic 606, the Company recognizes revenue when or as control of the promised services are transferred to its customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services. The following is a description of the Company's revenue from contracts with customers which is in the scope of Topic 606. Property and Asset Management Services The Company is engaged under agreements with its joint venture partnerships, which are generally perpetual in nature and cancellable through unanimous partner approval, absent an event of default. Under these agreements, the Company is to provide asset management, property management, and leasing services for the joint ventures' shopping centers. The fees are market-based, generally calculated as a percentage of either revenues earned or the estimated values of the properties managed or the proceeds received, and are recognized over the monthly or quarterly periods as services are rendered. Property management and asset management services represent a series of distinct daily services. Accordingly, the Company satisfies its performance obligation as service is rendered each day and the variability associated with that compensation is resolved each day. Amounts due from the partnerships for such services are paid during the month following the monthly or quarterly service periods. Several of the Company’s partnership agreements provide for incentive payments, generally referred to as “promotes” or “earnouts,” to Regency for appreciation in property values in Regency's capacity as manager. The terms of these promotes are based on appreciation in real estate value over designated time intervals. The Company evaluates its expected promote payout at each reporting period, which generally does not result in revenue recognition until the measurement period has completed, when the amount can be reasonably determined and the amount is not probable of significant reversal. The Company did not recognize any promote revenue during the years ended December 31, 2018 , 2017 , or 2016 . Leasing Services Leasing service fees are based on a percentage of the total rent due under the lease. The leasing service is considered performed upon successful execution of an acceptable tenant lease for the joint ventures’ shopping centers, at which time revenue is recognized. Payment of the first half of the fee is generally due upon lease execution and the second half is generally due upon tenant opening or rent payments commencing. Transaction Services The Company also receives transaction fees, as contractually agreed upon with each joint venture, which include acquisition fees, disposition fees, and financing service fees. Control of these services is generally transferred at the time the related transaction closes, which is the point in time when the Company recognizes the related fee revenue. Any unpaid amounts related to transaction-based fees are included in Tenant and other receivables, net, within the Consolidated Balance Sheets. All income from management service contracts is included within Management, transaction and other fees on the Consolidated Statements of Operations, as follows: Year ended December 31, (in thousands) Timing of satisfaction of performance obligations 2018 2017 2016 Property management services Over time $ 14,663 13,917 13,075 Asset management services Over time 7,213 7,090 6,746 Leasing services Point in time 4,044 3,573 4,285 Other transaction fees Point in time 2,574 1,578 1,221 Total management, transaction, and other fees $ 28,494 26,158 25,327 The accounts receivable for management services, which is included within Tenant and other receivables, net, in the accompanying Consolidated Balance Sheets, are $12.5 million and $8.7 million, as of December 31, 2018 and 2017 . |
Property, Plant and Equipment [Table Text Block] | The following table details the components of Real estate assets in the Consolidated Balance Sheets: (in thousands) December 31, 2018 December 31, 2017 Land $ 4,205,445 4,235,032 Land improvements 613,847 556,140 Buildings 5,088,102 4,999,378 Building and tenant improvements 901,596 787,880 Construction in progress 54,172 314,391 Total real estate assets $ 10,863,162 10,892,821 |
Real Estate Investments | Real Estate Investments The following table details the components of Real estate assets in the Consolidated Balance Sheets: (in thousands) December 31, 2018 December 31, 2017 Land $ 4,205,445 4,235,032 Land improvements 613,847 556,140 Buildings 5,088,102 4,999,378 Building and tenant improvements 901,596 787,880 Construction in progress 54,172 314,391 Total real estate assets $ 10,863,162 10,892,821 Capitalization and Depreciation Maintenance and repairs that do not improve or extend the useful lives of the respective assets are recorded in operating and maintenance expense. As part of the leasing process, the Company may provide the lessee with an allowance for the construction of leasehold improvements. These leasehold improvements are capitalized and recorded as tenant improvements, and depreciated over the shorter of the useful life of the improvements or the remaining lease term. If the allowance represents a payment for a purpose other than funding leasehold improvements, or in the event the Company is not considered the owner of the improvements, the allowance is considered to be a lease incentive and is recognized over the lease term as a reduction of minimum rent. Factors considered during this evaluation include, among other things, who holds legal title to the improvements as well as other controlling rights provided by the lease agreement and provisions for substantiation of such costs (e.g. unilateral control of the tenant space during the build-out process). Determination of the appropriate accounting for the payment of a tenant allowance is made on a lease-by-lease basis, considering the facts and circumstances of the individual tenant lease. Depreciation is computed using the straight-line method over estimated useful lives of approximately 15 years for land improvements, 40 years for buildings and improvements, and the shorter of the useful life or the remaining lease term subject to a maximum of 10 years for tenant improvements, and three to seven years for furniture and equipment. Development Costs Land, buildings, and improvements are recorded at cost. All specifically identifiable costs related to development activities are capitalized into Real estate assets in the accompanying Consolidated Balance Sheets, and are included in Construction in progress within the above table. The capitalized costs include pre-development costs essential to the development of the property, development costs, construction costs, interest costs, real estate taxes, and allocated direct employee costs incurred during the period of development. Interest costs are capitalized into each development project based upon applying the Company's weighted average borrowing rate to that portion of the actual development costs expended. The Company discontinues interest and real estate tax capitalization when the property is no longer being developed or is available for occupancy upon substantial completion of tenant improvements, but in no event would the Company capitalize interest on the project beyond 12 months after substantial completion of the building shell. Pre-development costs represent the costs the Company incurs prior to land acquisition including contract deposits, as well as legal, engineering, and other external professional fees related to evaluating the feasibility of developing a shopping center. As of December 31, 2018 and 2017 , the Company had deposits of approximately $550,000 and $3.5 million , respectively, included in Construction in progress. If the Company determines that the development of a particular shopping center is no longer probable, any related pre-development costs previously capitalized are immediately expensed. During the years ended December 31, 2018 , 2017 , and 2016 , the Company expensed pre-development costs of approximately $1.9 million , $1.5 million , and $1.5 million , respectively, in Other operating expenses in the accompanying Consolidated Statements of Operations. Acquisitions Through June 30, 2017, the Company and its real estate partnerships accounted for operating property acquisitions as business combinations using the acquisition method. Effective July 1, 2017, upon the adoption of Accounting Standards Update ("ASU") 2017-01: Business Combinations (Topic 805) - Clarifying the Definition of a Business , operating property acquisitions are generally considered asset acquisitions. The Company expenses transaction costs associated with business combinations in the period incurred and capitalizes transaction costs associated with asset acquisitions. Both business combinations and asset acquisitions require that the Company recognize and measure the identifiable assets acquired, the liabilities assumed, and any noncontrolling interest in the operating property acquired ("acquiree"). The Company's methodology includes estimating an “as-if vacant” fair value of the physical property, which includes land, building, and improvements. In addition, the Company determines the estimated fair value of identifiable intangible assets and liabilities, considering the following categories: (i) value of in-place leases, and (ii) above and below-market value of in-place leases. The value of in-place leases is estimated based on the value associated with the costs avoided in originating leases compared to the acquired in-place leases as well as the value associated with lost rental and recovery revenue during the assumed lease-up period. The value of in-place leases is recorded to Depreciation and amortization expense in the Consolidated Statements of Operations over the remaining expected term of the respective leases. Above-market and below-market in-place lease values for acquired properties are recorded based on the present value of the difference between (i) the contractual amounts to be paid pursuant to the in-place leases and (ii) management's estimate of fair market lease rates for comparable in-place leases, measured over a period equal to the remaining non-cancelable term of the lease, including below-market renewal options, if applicable. The value of above-market leases is amortized as a reduction of minimum rent over the remaining terms of the respective leases and the value of below-market leases is accreted to minimum rent over the remaining terms of the respective leases, including below-market renewal options, if applicable. The Company does not assign value to customer relationship intangibles if it has pre-existing business relationships with the major retailers at the acquired property since they do not provide incremental value over the Company's existing relationships. Held for Sale The Company classifies land, an operating property, or a property in development as held-for-sale upon satisfaction of the following criteria: (i) management commits to a plan to sell a property (or group of properties), (ii) the property is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such properties, (iii) an active program to locate a buyer and other actions required to complete the plan to sell the property have been initiated, (iv) the sale of the property is probable and transfer of the asset is expected to be completed within one year, (v) the property is being actively marketed for sale, and (vi) actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn. Properties held-for-sale are carried at the lower of cost or fair value less costs to sell. Impairment We evaluate whether there are any indicators, including property operating performance and general market conditions, that the value of the real estate properties (including any related amortizable intangible assets or liabilities) may not be recoverable. For those properties with such indicators, management evaluates recoverability of the property's carrying amount. Through the evaluation, we compare the current carrying value of the asset to the estimated undiscounted cash flows that are directly associated with the use and ultimate disposition of the asset. Our estimated cash flows are based on several key assumptions, including rental rates, costs of tenant improvements, leasing commissions, anticipated hold period, and assumptions regarding the residual value upon disposition, including the exit capitalization rate. These key assumptions are subjective in nature and could differ materially from actual results. Changes in our disposition strategy or changes in the marketplace may alter the hold period of an asset or asset group which may result in an impairment loss and such loss could be material to the Company's financial condition or operating performance. To the extent that the carrying value of the asset exceeds the estimated undiscounted cash flows, an impairment loss is recognized equal to the excess of carrying value over fair value. If such indicators are not identified, management will not assess the recoverability of a property's carrying value. If a property previously classified as held and used is changed to held-for-sale, the Company estimates fair value, less expected costs to sell, which could cause the Company to determine that the property is impaired. The fair value of real estate assets is subjective and is determined through comparable sales information and other market data if available, or through use of an income approach such as the direct capitalization method or the traditional discounted cash flow approach. Such cash flow projections consider factors such as expected future operating income, trends and prospects, as well as the effects of demand, competition and other factors, and therefore is subject to management judgment and changes in those factors could impact the determination of fair value. In estimating the fair value of undeveloped land, the Company generally uses market data and comparable sales information. A loss in value of investments in real estate partnerships under the equity method of accounting, other than a temporary decline, must be recognized in the period in which the loss occurs. If management identifies indicators that the value of the Company's investment in real estate partnerships may be impaired, it evaluates the investment by calculating the fair value of the investment by discounting estimated future cash flows over the expected term of the investment. Tax Basis The net book basis of the Company's real estate assets exceeds the net tax basis by approximately $2.8 billion at both December 31, 2018 and 2017 , primarily due to the tax free merger with Equity One and inheriting lower carryover tax basis. |
Cash and Cash Equivalents | Cash and Cash Equivalents and Restricted Cash Any instruments which have an original maturity of 90 days or less when purchased are considered cash equivalents. As of December 31, 2018 and 2017 , $2.7 million and $4.0 million , respectively, of cash was restricted through escrow agreements and certain mortgage loans, and are presented as Restricted cash in the Consolidated Balance Sheets. |
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block] | Goodwill Goodwill represents the excess of the purchase price consideration for the Equity One merger over the fair value of the assets acquired and liabilities assumed. The Company accounts for goodwill in accordance with ASC Topic 350, Intangibles - Goodwill and Othe r, and allocates its goodwill to its reporting units, which have been determined to be at the individual property level. The Company performs an impairment evaluation of its goodwill at least annually, in November of each year, or more frequently as triggers occur. The goodwill impairment evaluation is completed using either a qualitative or quantitative approach. Under a qualitative approach, the impairment review for goodwill consists of an assessment of whether it is more-likely-than-not that the reporting unit’s fair value is less than its carrying value, including goodwill. If a qualitative approach indicates it is more likely-than-not that the estimated carrying value of a reporting unit (including goodwill) exceeds its fair value, or if the Company chooses to bypass the qualitative approach for any reporting unit, the Company will perform the quantitative approach described below. The quantitative approach consists of estimating the fair value of each reporting unit using discounted projected future cash flows and comparing those estimated fair values with the carrying values, which include the allocated goodwill. If the estimated fair value is less than the carrying value, the Company would then recognize a goodwill impairment charge for the amount by which the carrying amount exceeds the reporting unit's fair value, not to exceed the total amount of goodwill allocated to that reporting unit. |
Marketable Securities, Policy [Policy Text Block] | Investments The Company determines the appropriate classification of its investments in debt and equity securities at the time of purchase and reevaluates such determinations at each balance sheet date. The fair value of securities is determined using quoted market prices. Debt securities are classified as held to maturity when the Company has the positive intent and ability to hold the securities to maturity. Debt securities that are bought and held principally for the purpose of selling them in the near term are classified as trading securities and are reported at fair value, with unrealized gains and losses recognized through earnings in Investment income in the Consolidated Statements of Operations. Debt securities not classified as held to maturity or as trading, are classified as available-for-sale, and are carried at fair value, with the unrealized gains and losses, net of tax, included in the determination of comprehensive income and reported in the Consolidated Statements of Comprehensive Income. Equity securities with readily determinable fair values are measured at fair value with changes in the fair value recognized through net income and presented within Investment income in the Consolidated Statements of Operations. |
Other Assets Disclosure [Text Block] | (e) Other Assets Goodwill Goodwill represents the excess of the purchase price consideration for the Equity One merger over the fair value of the assets acquired and liabilities assumed. The Company accounts for goodwill in accordance with ASC Topic 350, Intangibles - Goodwill and Othe r, and allocates its goodwill to its reporting units, which have been determined to be at the individual property level. The Company performs an impairment evaluation of its goodwill at least annually, in November of each year, or more frequently as triggers occur. The goodwill impairment evaluation is completed using either a qualitative or quantitative approach. Under a qualitative approach, the impairment review for goodwill consists of an assessment of whether it is more-likely-than-not that the reporting unit’s fair value is less than its carrying value, including goodwill. If a qualitative approach indicates it is more likely-than-not that the estimated carrying value of a reporting unit (including goodwill) exceeds its fair value, or if the Company chooses to bypass the qualitative approach for any reporting unit, the Company will perform the quantitative approach described below. The quantitative approach consists of estimating the fair value of each reporting unit using discounted projected future cash flows and comparing those estimated fair values with the carrying values, which include the allocated goodwill. If the estimated fair value is less than the carrying value, the Company would then recognize a goodwill impairment charge for the amount by which the carrying amount exceeds the reporting unit's fair value, not to exceed the total amount of goodwill allocated to that reporting unit. Investments The Company determines the appropriate classification of its investments in debt and equity securities at the time of purchase and reevaluates such determinations at each balance sheet date. The fair value of securities is determined using quoted market prices. Debt securities are classified as held to maturity when the Company has the positive intent and ability to hold the securities to maturity. Debt securities that are bought and held principally for the purpose of selling them in the near term are classified as trading securities and are reported at fair value, with unrealized gains and losses recognized through earnings in Investment income in the Consolidated Statements of Operations. Debt securities not classified as held to maturity or as trading, are classified as available-for-sale, and are carried at fair value, with the unrealized gains and losses, net of tax, included in the determination of comprehensive income and reported in the Consolidated Statements of Comprehensive Income. Equity securities with readily determinable fair values are measured at fair value with changes in the fair value recognized through net income and presented within Investment income in the Consolidated Statements of Operations. Other Assets The following table represents the components of Other assets in the accompanying Consolidated Balance Sheets: (in thousands) December 31, 2018 December 31, 2017 Goodwill $ 314,143 331,884 Investments 41,287 41,636 Prepaid and other 17,937 30,332 Derivative assets 17,482 14,515 Furniture, fixtures, and equipment, net 6,127 6,123 Deferred financing costs, net 6,851 2,637 Total other assets $ 403,827 427,127 The following table presents the goodwill balances and activity during the year to date periods ended: (in thousands) December 31, 2018 December 31, 2017 Goodwill Accumulated Impairment Losses Total Goodwill Accumulated Impairment Losses Total Beginning of year balance $ 331,884 — 331,884 — — — Goodwill resulting from Equity One merger 500 — 500 331,884 — 331,884 Goodwill allocated to Provision for impairment — (12,628 ) (12,628 ) — — — Goodwill allocated to Properties held for sale (1,159 ) — (1,159 ) — — — Goodwill associated with disposed reporting units: Goodwill allocated to Provision for impairment (9,913 ) 9,913 — — — — Goodwill allocated to Gain on sale of real estate (4,454 ) — (4,454 ) — — — End of year balance $ 316,858 (2,715 ) 314,143 331,884 — 331,884 During the year ended December 31, 2018 , the Company recognized a $38.4 million provision for impairment, net of tax, on seven operating properties that sold or are expected to sell, including $12.6 million of goodwill. As the Company identifies properties ("reporting units") that no longer meet its investment criteria, it will evaluate the property for potential sale. A decision to sell a reporting unit results in the need to evaluate its goodwill for recoverability and may result in impairment. If events occur that trigger an impairment evaluation at multiple reporting units, a goodwill impairment may be significant. |
Deferred Costs | Deferred Leasing Costs Deferred leasing costs consist of internal and external commissions and legal costs associated with leasing the Company's shopping centers, and are presented net of accumulated amortization. Such costs are amortized over the period through lease expiration. If the lease is terminated early, the remaining leasing costs are written off. See note 1(o), Recent Accounting Pronouncements, for expected changes in 2019 upon adoption of a new accounting standard. |
Derivative Financial Instruments | Derivative Financial Instruments The Company manages economic risks, including interest rate, liquidity, and credit risk primarily by managing the amount, sources, and duration of its debt funding and the use of derivative financial instruments. Specifically, the Company enters into derivative financial instruments to manage exposures that arise from business activities that result in the receipt or future payment of known and uncertain cash amounts, the amount of which are determined by interest rates. The Company's derivative financial instruments are used to manage differences in the amount, timing, and duration of the Company's known or expected cash payments principally related to the Company's borrowings. All derivative instruments, whether designated in hedging relationships or not, are recorded on the accompanying Consolidated Balance Sheets at their fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting, and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the earnings effect of the hedged forecasted transactions in a cash flow hedge. The Company may enter into derivative contracts that are intended to economically hedge certain risks, even though hedge accounting does not apply or the Company elects not to apply hedge accounting. The Company uses interest rate swaps to mitigate its interest rate risk on a related financial instrument or forecasted transaction, and the Company designates these interest rate swaps as cash flow hedges. Interest rate swaps designated as cash flow hedges generally involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. The Company also utilizes cash flow hedges to lock U.S. Treasury rates in anticipation of future fixed-rate debt issuances. The gains or losses resulting from changes in fair value of derivatives that qualify as cash flow hedges are recognized in Accumulated other comprehensive income (“AOCI”). Upon the settlement of a hedge, gains and losses remaining in AOCI are amortized through earnings over the underlying term of the hedged transaction. The cash receipts or payments related to interest rate swaps are presented in cash flows provided by operating activities in the accompanying Consolidated Statements of Cash Flows. The Company formally documents all relationships between hedging instruments and hedged items, as well as its risk management objectives and strategies for undertaking various hedge transactions. The Company assesses, both at inception of the hedge and on an ongoing basis, whether the derivatives that are used in hedging transactions are highly effective in offsetting changes in the cash flows and/or forecasted cash flows of the hedged items. In assessing the valuation of the hedges, the Company uses standard market conventions and techniques such as discounted cash flow analysis, option pricing models, and termination costs at each balance sheet date. All methods of assessing fair value result in a general approximation of value, and such value may never actually be realized. |
Income Taxes | Income Taxes The Parent Company believes it qualifies, and intends to continue to qualify, as a REIT under the Code. As a REIT, the Parent Company will generally not be subject to federal income tax, provided that distributions to its stockholders are at least equal to REIT taxable income. Each wholly-owned corporate subsidiary of the Operating Partnership has elected to be a TRS as defined in Section 856(l) of the Code. The TRS's are subject to federal and state income taxes and file separate tax returns. As a pass through entity, the Operating Partnership generally does not pay taxes, but its taxable income or loss is reported by its partners, of which the Parent Company, as general partner and approximately 99.8% owner, is allocated its pro-rata share of tax attributes. The Company accounts for income taxes related to its TRS’s under the asset and liability approach, which requires the recognition of the amount of taxes payable or refundable for the current year and deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in the financial statements. Under this method, deferred tax assets and liabilities are determined based on the differences between the financial statement and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The Company records net deferred tax assets to the extent it believes it is more likely than not that these assets will be realized. A valuation allowance is recorded to reduce deferred tax assets when it is believed that it is more likely than not that all or some portion of the deferred tax asset will not be realized. The Company considers all available positive and negative evidence, including forecasts of future taxable income, the reversal of other existing temporary differences, available net operating loss carryforwards, tax planning strategies and recent and projected results of operations in order to make that determination. In addition, tax positions are initially recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions shall initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts. The Company believes that it has appropriate support for the income tax positions taken and to be taken on its tax returns and that its accruals for tax liabilities are adequate for all open tax years ( 2015 and forward for federal and state) based on an assessment of many factors including past experience and interpretations of tax laws applied to the facts of each matter. The Tax Cuts and Jobs Act (the “Act”) was signed into law in December 2017. Key provisions in the Act have significant financial statement effects. These effects include remeasurement of deferred taxes, recognition of liabilities for taxes on mandatory deemed repatriation and certain other foreign income, and reassessment of the realizability of deferred tax assets. Because the asset and liability approach under ASC 740 requires companies to recognize the effect of tax law changes in the period of enactment, the effects were recognized in the Company's December 2017 financial statements, even though the effective date of the law for most provisions is January 1, 2018. The Company calculated the tax impact of the change in tax law. The revaluation of the deferred tax assets and liabilities at the appropriate tax rate resulted in a $9.7 million benefit recognized in earnings for 2017. To the extent that all information necessary was not available, prepared or analyzed, companies were allotted a measurement period to make adjustments for the effect of the law. The Company completed its analysis of the Act during 2018 and recorded an immaterial benefit in earnings. |
Earnings per Share and Unit | Earnings per Share and Unit Basic earnings per share of common stock and unit are computed based upon the weighted average number of common shares and units, respectively, outstanding during the period. Diluted earnings per share and unit reflect the conversion of obligations and the assumed exercises of securities including the effects of shares issuable under the Company's share-based payment arrangements, if dilutive. Dividends paid on the Company's share-based compensation awards are not participating securities as they are forfeitable. |
Stock-Based Compensation | Stock-Based Compensation The Company grants stock-based compensation to its employees and directors. The Company recognizes the cost of stock-based compensation based on the grant-date fair value of the award, which is expensed over the vesting period. When the Parent Company issues common stock as compensation, it receives a like number of common units from the Operating Partnership. The Company is committed to contributing to the Operating Partnership all proceeds from the share-based awards granted under the Parent Company's Long-Term Omnibus Plan (the “Plan”). Accordingly, the Parent Company's ownership in the Operating Partnership will increase based on the amount of proceeds contributed to the Operating Partnership for the common units it receives. As a result of the issuance of common units to the Parent Company for stock-based compensation, the Operating Partnership records the effect of stock-based compensation for awards of equity in the Parent Company. |
Segment Reporting | Segment Reporting The Company's business is investing in retail shopping centers through direct ownership or partnership interests. The Company actively manages its portfolio of retail shopping centers and may from time to time make decisions to sell lower performing properties or developments not meeting its long-term investment objectives. The proceeds from sales are generally reinvested into higher quality retail shopping centers, through acquisitions, new developments, or redevelopment of existing centers, which management believes will generate sustainable revenue growth and attractive returns. It is management's intent that all retail shopping centers will be owned or developed for investment purposes; however, the Company may decide to sell all or a portion of a development upon completion. The Company's revenues and net income are generated from the operation of its investment portfolio. The Company also earns fees for services provided to manage and lease retail shopping centers owned through joint ventures. The Company's portfolio is located throughout the United States. Management does not distinguish or group its operations on a geographical basis for purposes of allocating resources or capital. The Company reviews operating and financial data for each property on an individual basis; therefore, the Company defines an operating segment as its individual properties. The individual properties have been aggregated into one reportable segment based upon their similarities with regard to both the nature and economics of the centers, tenants and operational processes, as well as long-term average financial performance. |
Concentration Risk, Credit Risk, Policy [Policy Text Block] | (l) Business Concentration Grocer anchor tenants represent approximately 18% of pro-rata annual base rent. No single tenant accounts for 5% or more of revenue and none of the shopping centers are located outside the United States. |
Assets and Liabilities Measured at Fair Value | Fair Value of Assets and Liabilities Fair value is a market-based measurement, not an entity-specific measurement. Therefore, a fair value measurement is determined based on the assumptions that market participants would use in pricing the asset or liability. As a basis for considering market participant assumptions in fair value measurements, the Company uses a fair value hierarchy that distinguishes between market participant assumptions based on market data obtained from independent sources (observable inputs that are classified within Levels 1 and 2 of the hierarchy) and the Company's own assumptions about market participant assumptions (unobservable inputs classified within Level 3 of the hierarchy). The three levels of inputs used to measure fair value are as follows: • Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access. • Level 2 - Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. • Level 3 - Unobservable inputs for the asset or liability, which are typically based on the Company's own assumptions, as there is little, if any, related market activity. The Company also remeasures nonfinancial assets and nonfinancial liabilities, initially measured at fair value in a business combination or other new basis event, at fair value in subsequent periods if a remeasurement event occurs. |
Reclassifications [Text Block] | (n) Reclassifications Certain amounts included in the Consolidated Balance Sheets for 2017 have been reclassified to conform to the 2018 financial statement presentation as a result of changes in presentation of Real estate assets, at cost. |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies Recent Accounting Pronouncements (Policies) | 12 Months Ended |
Dec. 31, 2018 | |
Accounting Policies [Abstract] | |
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | (o) Recent Accounting Pronouncements The following table provides a brief description of recent accounting pronouncements and expected impact on our financial statements: Standard Description Date of adoption Effect on the financial statements or other significant matters Recently adopted: ASU 2017-12, August 2017, Targeted Improvements to Accounting for Hedging Activities This ASU provides updated guidance to better align a company’s financial reporting for hedging activities with the economic objectives of those activities. January 2018 The Company adopted this ASU using a modified retrospective transition method, which resulted in an immaterial adjustment to opening retained earnings and accumulated other comprehensive income for previously recognized hedge ineffectiveness from off-market hedges. ASU 2016-01, January 2016, Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities This ASU amends the guidance on equity securities with readily determinable fair values to no longer require classification as either trading or available-for-sale and now requires equity securities to be measured at fair value with changes in the fair value recognized through net income. Equity investments accounted for under the equity method are not included in the scope of this amendment. January 2018 The Company's adoption of this standard did not have a significant impact on its results of operations, financial condition or cash flows as the Company had, at January 1, 2018, an insignificant amount of equity securities within the scope of this standard. The adoption did not result in a material impact to the Company's fair value disclosures. ASU 2016-15, August 2016, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments This ASU makes eight targeted changes to how cash receipts and cash payments are presented and classified in the statement of cash flows. January 2018 The adoption of this ASU did not result in a change to the Company's Consolidated Statements of Cash Flows. Standard Description Date of adoption Effect on the financial statements or other significant matters ASU 2016-18, November 2016, Statement of Cash Flows (Topic 230): Restricted Cash This ASU requires entities to show the changes in the total of cash, cash equivalents, restricted cash, and restricted cash equivalents in the statement of cash flows. The amendments in this ASU are applied using a retrospective transition method to each period presented. January 2018 The adoption of this ASU resulted in a change to the classification and presentation of changes in restricted cash on its cash flow statement, which was not material. There was no change to the Company's financial condition or results of operations as a result of adopting this ASU. ASU 2017-05, February 2017, Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets (Subtopic 610-20) ASU 2017-05 clarifies that ASC 610-20 applies to all nonfinancial assets (including real estate) for which the counterparty is not a customer and requires an entity to derecognize a nonfinancial asset in a partial sale transaction when it ceases to have a controlling financial interest in the asset and has transferred control of the asset. Once an entity transfers control of the nonfinancial asset, the entity is required to measure any noncontrolling interest it receives or retains at fair value. January 2018 Sales of real estate assets are now accounted for under Subtopic 610-20, which provides for revenue recognition based on transfer of control. Standard Description Date of adoption Effect on the financial statements or other significant matters Revenue from Contracts with Customers (Topic 606) and related updates: Revenue from Contracts with Customers (Topic 606) ASU 2016-08, March 2016, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients Technical Corrections and Improvements Technical Corrections and Improvements to Topic 606 Revenue from Contracts With Customers In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) . The objective of Topic 606 is to establish a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers. It supersedes most of the existing revenue guidance, including industry-specific guidance. The core principal of this new standard is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In applying Topic 606, companies will perform a five-step analysis of transactions to determine when and how revenue is recognized. January 2018 The Company utilized the modified retrospective method of adoption, applying the standard to only 2018, and not restating prior periods presented in future financial statements. Standard Description Date of adoption Effect on the financial statements or other significant matters Not yet adopted: Leases (Topic 842) and related updates: Leases (Topic 842) Codification Improvements to Topic 842, Leases Targeted Improvements ASU 2018-20, December 2018, Leases (Topic 842): Narrow-Scope Improvements for Lessors Topic 842 amends the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheets. It also makes targeted changes to lessor accounting. January 2019 The Company continues to evaluate the impact this standard will have on its financial statements and related disclosures. Based on adoption and implementation efforts to date, management has identified expected changes from the new standard from its perspective as both a lessee and a lessor, as noted in the following pages. Standard Description Date of adoption Effect on the financial statements or other significant matters Topic 842, Leases (continued) Lessee Accounting: The new standard establishes a right-of-use model (“ROU”) that requires a lessee to recognize a ROU asset and lease liability on the balance sheet for all leases with a term longer than 12 months. Leases will be classified as finance or operating, with classification affecting the pattern and classification of expense recognition in the income statement. Standard Description Date of adoption Effect on the financial statements or other significant matters Topic 842, Leases (continued) Lessor Accounting: Capitalization of indirect internal leasing costs and legal costs will no longer be permitted upon the adoption of this standard, which will result in an increase in Total operating expenses in the Consolidated Statements of Operations in the period of adoption and prospectively. Standard Description Date of adoption Effect on the financial statements or other significant matters ASU 2018-15, August 2018, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract The amendments in this ASU align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license). The ASU provides further clarification of the appropriate presentation of capitalized costs, the period over which to recognize the expense, the presentation within the Statements of Operations and Statements of Cash Flows, and the disclosure requirements. January 2020 The Company is currently evaluating the accounting standard, but does not expect the adoption to have a material impact on its financial position, results of operations, or cash flows. ASU 2016-13, June 2016, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments This ASU replaces the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. January 2020 The Company is evaluating the alternative methods of adoption and the impact it will have on its financial statements and related disclosures. ASU 2018-13, August 2018, Fair Value Measurements (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement This ASU modifies the disclosure requirements for fair value measurements within the scope of Topic 820, Fair Value Measurement, including the removal and modification of certain existing disclosures, and the addition of new disclosures. January 2020 The Company is currently evaluating the impact of adopting this new accounting standard, which is expected to only impact fair value measurement disclosures and therefore should have minimal impact on the Company's financial position, results of operations, or cash flows. |
Summary of Significant Accoun_4
Summary of Significant Accounting Policies Receivables, Trade and Other Accounts Receivable (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Receivables, Trade and Other Accounts Receivable, Allowance for Doubtful Accounts, Policy [Policy Text Block] | The following table represents the components of Tenant and other receivables, net in the accompanying Consolidated Balance Sheets: December 31, (in thousands) 2018 2017 Billed tenant receivables $ 25,590 25,329 Accrued CAM, insurance and tax reimbursements 25,305 14,825 Other receivables 30,953 34,472 Straight-line rent receivables 105,677 93,284 Notes receivable — 15,803 Less: allowance for doubtful accounts (10,100 ) (8,040 ) Less: straight-line rent reserves (5,066 ) (4,688 ) Total tenant and other receivables, net $ 172,359 170,985 |
Summary of Significant Accoun_5
Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Schedule of management, transaction, and other fees [Line Items] | |
Schedule of Variable Interest Entities [Table Text Block] | The major classes of assets, liabilities, and noncontrolling equity interests held by the Company's VIEs, exclusive of the Operating Partnership as a whole, are as follows: (in thousands) December 31, 2018 December 31, 2017 Assets Net real estate investments $112,085 172,736 Cash and cash equivalents 7,309 4,993 Liabilities Notes payable 18,432 16,551 Equity Limited partners’ interests in consolidated partnerships 30,280 17,572 |
Revenue Recognition, Policy [Policy Text Block] | Revenues and Tenant Receivable Leasing Revenue and Receivables The Company leases space to tenants under agreements with varying terms. Leases are accounted for as operating leases with minimum rent recognized on a straight-line basis over the term of the lease regardless of when payments are due. When the Company is the owner of the leasehold improvements, recognition of straight-line lease revenue commences when the lessee is given possession of the leased space upon completion of tenant improvements. However, when the leasehold improvements are owned by the tenant, the lease inception date is the date the tenant obtains possession of the leased space for purposes of constructing its leasehold improvements. More than half of all of the lease agreements with anchor tenants contain provisions that provide for additional rents based on tenants' sales volume ("percentage rent"). Percentage rents are recognized when the tenants achieve the specified targets as defined in their lease agreements. Most all lease agreements contain provisions for reimbursement of the tenants' share of real estate taxes, insurance and CAM costs. Recovery of real estate taxes, insurance, and CAM costs are recognized as the respective costs are incurred in accordance with the lease agreements. The following table represents the components of Tenant and other receivables, net in the accompanying Consolidated Balance Sheets: December 31, (in thousands) 2018 2017 Billed tenant receivables $ 25,590 25,329 Accrued CAM, insurance and tax reimbursements 25,305 14,825 Other receivables 30,953 34,472 Straight-line rent receivables 105,677 93,284 Notes receivable — 15,803 Less: allowance for doubtful accounts (10,100 ) (8,040 ) Less: straight-line rent reserves (5,066 ) (4,688 ) Total tenant and other receivables, net $ 172,359 170,985 The Company estimates the collectibility of the accounts receivable related to base rents, straight-line rents, expense reimbursements, and other revenue taking into consideration the Company's historical write-off experience, tenant credit-worthiness, current economic trends, and remaining lease terms . The Company recorded the following provisions for doubtful accounts: Year ended December 31, (in thousands) 2018 2017 2016 Gross provision for doubtful accounts $ 4,993 3,992 1,705 Provision for straight line rent reserve $ 1,741 1,129 2,271 Real Estate Sales On January 1, 2018, the Company adopted the new accounting guidance for sales of nonfinancial assets (“Subtopic 610-20”), as discussed further in the section below, Recent Accounting Pronouncements. Upon adoption of the new standard, the Company's accounting policy for real estate sales subject to Subtopic 610-20 has been updated. Effective January 1, 2018, the Company derecognizes real estate and recognizes a gain or loss on sales of real estate when a contract exists and control of the property has transferred to the buyer. Control of the property, including controlling financial interest, is generally considered to transfer upon closing through transfer of the legal title and possession of the property. Any retained noncontrolling interest is measured at fair value. This change in accounting policy resulted in the recognition, through opening retained earnings on January 1, 2018, of $30.9 million of previously deferred gains from property sales to the Company's Investments in real estate partnerships. Prior to January 1, 2018, the Company recognized profits from sales of real estate under the full accrual method by the Company when: (i) a sale was consummated; (ii) the buyer's initial and continuing investment was adequate to demonstrate a commitment to pay for the property; (iii) the Company's receivable, if applicable, was not subject to future subordination; (iv) the Company had transferred to the buyer the usual risks and rewards of ownership; and (v) the Company did not have substantial continuing involvement with the property. Management Services On January 1, 2018, the Company adopted the new accounting guidance for revenue recognition (Topic 606 Revenue from Contracts with Customers , “Topic 606”), as discussed further in the section below, Recent Accounting Pronouncements. Upon adoption of the new standard, certain of the Company's significant accounting policies subject to Topic 606 have been updated. The Company adopted Topic 606 using a modified retrospective approach and applied the transition practical expedients allowed by the standard. Additionally, the Company does not need to estimate variable consideration to recognize revenue and was able to apply the practical expedient related to the remaining performance obligations, because all of its performance obligations are: • satisfied at a point in time, • part of a contract that has an original expected duration of one year or less, or • considered to be a series of performance obligations where variable consideration is allocated entirely to a wholly unsatisfied distinct day of service that forms part of the series. Subsequent to the adoption of Topic 606, the Company recognizes revenue when or as control of the promised services are transferred to its customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services. The following is a description of the Company's revenue from contracts with customers which is in the scope of Topic 606. Property and Asset Management Services The Company is engaged under agreements with its joint venture partnerships, which are generally perpetual in nature and cancellable through unanimous partner approval, absent an event of default. Under these agreements, the Company is to provide asset management, property management, and leasing services for the joint ventures' shopping centers. The fees are market-based, generally calculated as a percentage of either revenues earned or the estimated values of the properties managed or the proceeds received, and are recognized over the monthly or quarterly periods as services are rendered. Property management and asset management services represent a series of distinct daily services. Accordingly, the Company satisfies its performance obligation as service is rendered each day and the variability associated with that compensation is resolved each day. Amounts due from the partnerships for such services are paid during the month following the monthly or quarterly service periods. Several of the Company’s partnership agreements provide for incentive payments, generally referred to as “promotes” or “earnouts,” to Regency for appreciation in property values in Regency's capacity as manager. The terms of these promotes are based on appreciation in real estate value over designated time intervals. The Company evaluates its expected promote payout at each reporting period, which generally does not result in revenue recognition until the measurement period has completed, when the amount can be reasonably determined and the amount is not probable of significant reversal. The Company did not recognize any promote revenue during the years ended December 31, 2018 , 2017 , or 2016 . Leasing Services Leasing service fees are based on a percentage of the total rent due under the lease. The leasing service is considered performed upon successful execution of an acceptable tenant lease for the joint ventures’ shopping centers, at which time revenue is recognized. Payment of the first half of the fee is generally due upon lease execution and the second half is generally due upon tenant opening or rent payments commencing. Transaction Services The Company also receives transaction fees, as contractually agreed upon with each joint venture, which include acquisition fees, disposition fees, and financing service fees. Control of these services is generally transferred at the time the related transaction closes, which is the point in time when the Company recognizes the related fee revenue. Any unpaid amounts related to transaction-based fees are included in Tenant and other receivables, net, within the Consolidated Balance Sheets. All income from management service contracts is included within Management, transaction and other fees on the Consolidated Statements of Operations, as follows: Year ended December 31, (in thousands) Timing of satisfaction of performance obligations 2018 2017 2016 Property management services Over time $ 14,663 13,917 13,075 Asset management services Over time 7,213 7,090 6,746 Leasing services Point in time 4,044 3,573 4,285 Other transaction fees Point in time 2,574 1,578 1,221 Total management, transaction, and other fees $ 28,494 26,158 25,327 The accounts receivable for management services, which is included within Tenant and other receivables, net, in the accompanying Consolidated Balance Sheets, are $12.5 million and $8.7 million, as of December 31, 2018 and 2017 . |
Receivables, Trade and Other Accounts Receivable, Allowance for Doubtful Accounts, Policy [Policy Text Block] | The following table represents the components of Tenant and other receivables, net in the accompanying Consolidated Balance Sheets: December 31, (in thousands) 2018 2017 Billed tenant receivables $ 25,590 25,329 Accrued CAM, insurance and tax reimbursements 25,305 14,825 Other receivables 30,953 34,472 Straight-line rent receivables 105,677 93,284 Notes receivable — 15,803 Less: allowance for doubtful accounts (10,100 ) (8,040 ) Less: straight-line rent reserves (5,066 ) (4,688 ) Total tenant and other receivables, net $ 172,359 170,985 |
Provisions for Doubtful Accounts [Table Text Block] | The Company recorded the following provisions for doubtful accounts: Year ended December 31, (in thousands) 2018 2017 2016 Gross provision for doubtful accounts $ 4,993 3,992 1,705 Provision for straight line rent reserve $ 1,741 1,129 2,271 |
Schedule of Other Current Assets [Table Text Block] | (e) Other Assets Goodwill Goodwill represents the excess of the purchase price consideration for the Equity One merger over the fair value of the assets acquired and liabilities assumed. The Company accounts for goodwill in accordance with ASC Topic 350, Intangibles - Goodwill and Othe r, and allocates its goodwill to its reporting units, which have been determined to be at the individual property level. The Company performs an impairment evaluation of its goodwill at least annually, in November of each year, or more frequently as triggers occur. The goodwill impairment evaluation is completed using either a qualitative or quantitative approach. Under a qualitative approach, the impairment review for goodwill consists of an assessment of whether it is more-likely-than-not that the reporting unit’s fair value is less than its carrying value, including goodwill. If a qualitative approach indicates it is more likely-than-not that the estimated carrying value of a reporting unit (including goodwill) exceeds its fair value, or if the Company chooses to bypass the qualitative approach for any reporting unit, the Company will perform the quantitative approach described below. The quantitative approach consists of estimating the fair value of each reporting unit using discounted projected future cash flows and comparing those estimated fair values with the carrying values, which include the allocated goodwill. If the estimated fair value is less than the carrying value, the Company would then recognize a goodwill impairment charge for the amount by which the carrying amount exceeds the reporting unit's fair value, not to exceed the total amount of goodwill allocated to that reporting unit. Investments The Company determines the appropriate classification of its investments in debt and equity securities at the time of purchase and reevaluates such determinations at each balance sheet date. The fair value of securities is determined using quoted market prices. Debt securities are classified as held to maturity when the Company has the positive intent and ability to hold the securities to maturity. Debt securities that are bought and held principally for the purpose of selling them in the near term are classified as trading securities and are reported at fair value, with unrealized gains and losses recognized through earnings in Investment income in the Consolidated Statements of Operations. Debt securities not classified as held to maturity or as trading, are classified as available-for-sale, and are carried at fair value, with the unrealized gains and losses, net of tax, included in the determination of comprehensive income and reported in the Consolidated Statements of Comprehensive Income. Equity securities with readily determinable fair values are measured at fair value with changes in the fair value recognized through net income and presented within Investment income in the Consolidated Statements of Operations. Other Assets The following table represents the components of Other assets in the accompanying Consolidated Balance Sheets: (in thousands) December 31, 2018 December 31, 2017 Goodwill $ 314,143 331,884 Investments 41,287 41,636 Prepaid and other 17,937 30,332 Derivative assets 17,482 14,515 Furniture, fixtures, and equipment, net 6,127 6,123 Deferred financing costs, net 6,851 2,637 Total other assets $ 403,827 427,127 The following table presents the goodwill balances and activity during the year to date periods ended: (in thousands) December 31, 2018 December 31, 2017 Goodwill Accumulated Impairment Losses Total Goodwill Accumulated Impairment Losses Total Beginning of year balance $ 331,884 — 331,884 — — — Goodwill resulting from Equity One merger 500 — 500 331,884 — 331,884 Goodwill allocated to Provision for impairment — (12,628 ) (12,628 ) — — — Goodwill allocated to Properties held for sale (1,159 ) — (1,159 ) — — — Goodwill associated with disposed reporting units: Goodwill allocated to Provision for impairment (9,913 ) 9,913 — — — — Goodwill allocated to Gain on sale of real estate (4,454 ) — (4,454 ) — — — End of year balance $ 316,858 (2,715 ) 314,143 331,884 — 331,884 During the year ended December 31, 2018 , the Company recognized a $38.4 million provision for impairment, net of tax, on seven operating properties that sold or are expected to sell, including $12.6 million of goodwill. As the Company identifies properties ("reporting units") that no longer meet its investment criteria, it will evaluate the property for potential sale. A decision to sell a reporting unit results in the need to evaluate its goodwill for recoverability and may result in impairment. If events occur that trigger an impairment evaluation at multiple reporting units, a goodwill impairment may be significant. |
Schedule of Other Assets [Table Text Block] | The following table represents the components of Other assets in the accompanying Consolidated Balance Sheets: (in thousands) December 31, 2018 December 31, 2017 Goodwill $ 314,143 331,884 Investments 41,287 41,636 Prepaid and other 17,937 30,332 Derivative assets 17,482 14,515 Furniture, fixtures, and equipment, net 6,127 6,123 Deferred financing costs, net 6,851 2,637 Total other assets $ 403,827 427,127 |
Summary of Significant Accoun_6
Summary of Significant Accounting Policies Recent Accounting Pronouncements (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Accounting Policies [Abstract] | |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block] | Standard Description Date of adoption Effect on the financial statements or other significant matters Recently adopted: ASU 2017-12, August 2017, Targeted Improvements to Accounting for Hedging Activities This ASU provides updated guidance to better align a company’s financial reporting for hedging activities with the economic objectives of those activities. January 2018 The Company adopted this ASU using a modified retrospective transition method, which resulted in an immaterial adjustment to opening retained earnings and accumulated other comprehensive income for previously recognized hedge ineffectiveness from off-market hedges. ASU 2016-01, January 2016, Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities This ASU amends the guidance on equity securities with readily determinable fair values to no longer require classification as either trading or available-for-sale and now requires equity securities to be measured at fair value with changes in the fair value recognized through net income. Equity investments accounted for under the equity method are not included in the scope of this amendment. January 2018 The Company's adoption of this standard did not have a significant impact on its results of operations, financial condition or cash flows as the Company had, at January 1, 2018, an insignificant amount of equity securities within the scope of this standard. The adoption did not result in a material impact to the Company's fair value disclosures. ASU 2016-15, August 2016, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments This ASU makes eight targeted changes to how cash receipts and cash payments are presented and classified in the statement of cash flows. January 2018 The adoption of this ASU did not result in a change to the Company's Consolidated Statements of Cash Flows. Standard Description Date of adoption Effect on the financial statements or other significant matters ASU 2016-18, November 2016, Statement of Cash Flows (Topic 230): Restricted Cash This ASU requires entities to show the changes in the total of cash, cash equivalents, restricted cash, and restricted cash equivalents in the statement of cash flows. The amendments in this ASU are applied using a retrospective transition method to each period presented. January 2018 The adoption of this ASU resulted in a change to the classification and presentation of changes in restricted cash on its cash flow statement, which was not material. There was no change to the Company's financial condition or results of operations as a result of adopting this ASU. ASU 2017-05, February 2017, Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets (Subtopic 610-20) ASU 2017-05 clarifies that ASC 610-20 applies to all nonfinancial assets (including real estate) for which the counterparty is not a customer and requires an entity to derecognize a nonfinancial asset in a partial sale transaction when it ceases to have a controlling financial interest in the asset and has transferred control of the asset. Once an entity transfers control of the nonfinancial asset, the entity is required to measure any noncontrolling interest it receives or retains at fair value. January 2018 Sales of real estate assets are now accounted for under Subtopic 610-20, which provides for revenue recognition based on transfer of control. Standard Description Date of adoption Effect on the financial statements or other significant matters Revenue from Contracts with Customers (Topic 606) and related updates: Revenue from Contracts with Customers (Topic 606) ASU 2016-08, March 2016, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients Technical Corrections and Improvements Technical Corrections and Improvements to Topic 606 Revenue from Contracts With Customers In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) . The objective of Topic 606 is to establish a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers. It supersedes most of the existing revenue guidance, including industry-specific guidance. The core principal of this new standard is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In applying Topic 606, companies will perform a five-step analysis of transactions to determine when and how revenue is recognized. January 2018 The Company utilized the modified retrospective method of adoption, applying the standard to only 2018, and not restating prior periods presented in future financial statements. Standard Description Date of adoption Effect on the financial statements or other significant matters Not yet adopted: Leases (Topic 842) and related updates: Leases (Topic 842) Codification Improvements to Topic 842, Leases Targeted Improvements ASU 2018-20, December 2018, Leases (Topic 842): Narrow-Scope Improvements for Lessors Topic 842 amends the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheets. It also makes targeted changes to lessor accounting. January 2019 The Company continues to evaluate the impact this standard will have on its financial statements and related disclosures. Based on adoption and implementation efforts to date, management has identified expected changes from the new standard from its perspective as both a lessee and a lessor, as noted in the following pages. Standard Description Date of adoption Effect on the financial statements or other significant matters Topic 842, Leases (continued) Lessee Accounting: The new standard establishes a right-of-use model (“ROU”) that requires a lessee to recognize a ROU asset and lease liability on the balance sheet for all leases with a term longer than 12 months. Leases will be classified as finance or operating, with classification affecting the pattern and classification of expense recognition in the income statement. Standard Description Date of adoption Effect on the financial statements or other significant matters Topic 842, Leases (continued) Lessor Accounting: Capitalization of indirect internal leasing costs and legal costs will no longer be permitted upon the adoption of this standard, which will result in an increase in Total operating expenses in the Consolidated Statements of Operations in the period of adoption and prospectively. Standard Description Date of adoption Effect on the financial statements or other significant matters ASU 2018-15, August 2018, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract The amendments in this ASU align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license). The ASU provides further clarification of the appropriate presentation of capitalized costs, the period over which to recognize the expense, the presentation within the Statements of Operations and Statements of Cash Flows, and the disclosure requirements. January 2020 The Company is currently evaluating the accounting standard, but does not expect the adoption to have a material impact on its financial position, results of operations, or cash flows. ASU 2016-13, June 2016, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments This ASU replaces the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. January 2020 The Company is evaluating the alternative methods of adoption and the impact it will have on its financial statements and related disclosures. ASU 2018-13, August 2018, Fair Value Measurements (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement This ASU modifies the disclosure requirements for fair value measurements within the scope of Topic 820, Fair Value Measurement, including the removal and modification of certain existing disclosures, and the addition of new disclosures. January 2020 The Company is currently evaluating the impact of adopting this new accounting standard, which is expected to only impact fair value measurement disclosures and therefore should have minimal impact on the Company's financial position, results of operations, or cash flows. |
Real Estate Investments (Tables
Real Estate Investments (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Wholly Owned Properties [Member] | |
Business Acquisition [Line Items] | |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | (in thousands) December 31, 2018 Date Purchased Property Name City/State Property Type Purchase Price Debt Assumed, Net of Premiums Intangible Assets Intangible Liabilities 01/10/18 Hewlett Crossing I & II Hewlett, NY Operating $ 30,900 9,700 3,114 1,868 04/03/18 Rivertowns Square Dobbs Ferry, NY Operating 68,933 — 4,993 5,554 12/14/18 Pablo Plaza (1) Jacksonville, FL Operating 1,310 — — — 12/27/18 The Village at Hunter's Lake Tampa, FL Development 1,812 — — — 12/31/18 Carytown Exchange (2) Richmond, VA Development 13,284 — 264 — Total property acquisitions $ 116,239 9,700 8,371 7,422 (1) The Company purchased a 5,000 square foot building adjacent to the Company's existing operating Pablo Plaza for redevelopment. (2) The Company closed on the Carytown Exchange development, with a partner contributing land valued at $13 million which is recorded within Limited partners' interest in consolidated partnerships in the accompanying Consolidated Balance Sheets. Regency is contributing the capital to fund the development, which is currently estimated to be approximately $26 million. (in thousands) December 31, 2017 Date Purchased Property Name City/State Property Type Purchase Price Debt Assumed, Net of Premiums Intangible Assets Intangible Liabilities 03/06/17 The Field at Commonwealth Chantilly, VA Development $ 9,500 — — — 03/08/17 Pinecrest Place (1) Miami, FL Development — — — — 04/13/17 Mellody Farm (2) Chicago, IL Development 26,200 — — — 06/28/17 Concord outparcel (3) Miami, FL Operating 350 — — — 07/20/17 Aventura Square outparcel (4) Miami, FL Operating 1,750 — 90 9 11/15/17 Indigo Square Mount Pleasant, SC Development 3,900 — — — 12/21/17 Scripps Ranch Marketplace San Diego, CA Operating 81,600 27,000 4,997 9,551 12/28/17 Roosevelt Square Seattle, WA Operating 68,084 — 3,842 8,002 Total property acquisitions $ 191,384 27,000 8,929 17,562 (1) The Company leased 10.67 acres for a ground up development. (2) The Operating Partnership issued 195,732 partnership units valued at $13.1 million as partial consideration for the purchase price. (3) The Company purchased a 0.67 acre vacant outparcel adjacent to the Company's existing operating Concord Shopping Plaza. (4) The Company purchased a 0.06 acre outparcel improved with a leased building adjacent to the Company's existing operating Aventura Square. |
Equity One Inc. [Member] | |
Business Acquisition [Line Items] | |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | The following table provides the components that make up the total purchase price for the Equity One merger: (in thousands, except stock price) Purchase Price Shares of common stock issued for merger 65,379 Closing stock price on March 1, 2017 $ 68.40 Value of common stock issued for merger $ 4,471,808 Other cash payments 721,297 Total purchase price $ 5,193,105 |
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block] | The following table details the weighted average amortization and net accretion periods, in years, of the major classes of intangible assets and intangible liabilities arising from the Equity One merger: (in years) Weighted Average Amortization Period Assets: In-place leases 10.8 Above-market leases 7.8 Below-market ground leases 55.3 Liabilities: Below-market leases 24.9 |
Business Acquisition, Pro Forma Information [Table Text Block] | The consolidated net assets and results of operations of Equity One are included in the consolidated financial statements from the closing date, March 1, 2017, going forward and resulted in the following impact to Revenues and Net income attributable to common stockholders: (in thousands) Year ended December 31, 2017 Increase in total revenues $ 337,761 Increase in net income attributable to common stockholders $ 81,766 The Company incurred $80.7 million and $6.5 million , respectively, of merger-related transaction costs during the years ended December 31, 2017 and 2016 , which are recorded in Other operating expenses in the accompanying Consolidated Statements of Operations, and are not reflected in the table above. |
Pro Forma [Member] | Equity One Inc. [Member] | |
Business Acquisition [Line Items] | |
Business Acquisition, Pro Forma Information [Table Text Block] | Pro forma Information (unaudited) The following unaudited pro forma financial data includes the incremental revenues, operating expenses, depreciation and amortization, and costs of the Equity One acquisition as if it had occurred on January 1, 2016: Year ended December 31, (in thousands, except per share data) 2017 2016 Total revenues $ 1,052,221 1,006,367 Income from operations (1) 281,393 63,907 Net income attributable to common stockholders (1) 262,270 40,868 Income per common share - basic 1.54 0.25 Income per common share - diluted 1.54 0.25 (1) The pro forma earnings for the year ended December 31, 2017, were adjusted to exclude $103.6 million of merger costs, as if they had occurred during 2016. |
Provisional Purchase Price Allocation [Member] | Equity One Inc. [Member] | |
Business Acquisition [Line Items] | |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | The following table summarizes the final purchase price allocation based on the Company's valuation, including estimates and assumptions of the acquisition date fair value of the tangible and intangible assets acquired and liabilities assumed: (in thousands) Final Purchase Price Allocation Land $ 2,865,053 Building and improvements 2,619,163 Construction in progress 68,744 Properties held for sale 19,600 Investments in unconsolidated real estate partnerships 99,666 Real estate assets 5,672,226 Cash, accounts receivable and other assets 112,909 Intangible assets 458,877 Goodwill 332,384 Total assets acquired 6,576,396 Notes payable 757,399 Accounts payable, accrued expenses, and other liabilities 122,217 Lease intangible liabilities 503,675 Total liabilities assumed 1,383,291 Total purchase price $ 5,193,105 |
Dispositions (Tables)
Dispositions (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Discontinued Operations and Disposal Groups [Abstract] | |
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block] | The following table provides a summary of consolidated shopping centers and land parcels disposed of: Year ended December 31, (in thousands, except number sold data) 2018 2017 2016 Net proceeds from sale of real estate investments $ 250,445 110,015 135,161 '(1) Gain on sale of real estate, net of tax $ 28,343 27,432 47,321 Provision for impairment of real estate sold $ 31,041 — 1,700 Number of operating properties sold 10 6 11 Number of land parcels sold 9 9 16 (1) Includes cash deposits received in the previous year. At December 31, 2018 , the Company also had four properties classified as Properties held for sale on the Consolidated Balance Sheets, which have sold or are expected to sell subsequent to December 31, 2018 . |
Investments in Real Estate Pa_2
Investments in Real Estate Partnerships (Tables) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Schedule of Equity Method Investments [Line Items] | ||
Business dispositions unconsolidated co-investment partnership [Table Text Block] | The following table provides a summary of consolidated shopping centers and land parcels disposed of: Year ended December 31, (in thousands, except number sold data) 2018 2017 2016 Net proceeds from sale of real estate investments $ 250,445 110,015 135,161 '(1) Gain on sale of real estate, net of tax $ 28,343 27,432 47,321 Provision for impairment of real estate sold $ 31,041 — 1,700 Number of operating properties sold 10 6 11 Number of land parcels sold 9 9 16 (1) Includes cash deposits received in the previous year. At December 31, 2018 , the Company also had four properties classified as Properties held for sale on the Consolidated Balance Sheets, which have sold or are expected to sell subsequent to December 31, 2018 . | |
Schedule of Equity Method Investments [Table Text Block] | 4. Investments in Real Estate Partnerships The Company invests in real estate partnerships, which consist of the following: December 31, 2018 (in thousands) Regency's Ownership Number of Properties Total Investment Total Assets of the Partnership The Company's Share of Net Income of the Partnership Net Income of the Partnership GRI - Regency, LLC (GRIR) 40.00% 70 $ 189,381 1,646,448 29,614 74,139 New York Common Retirement Fund (NYC) 30.00% 6 54,250 277,626 490 2,239 Columbia Regency Retail Partners, LLC (Columbia I) 20.00% 7 13,625 141,807 1,311 6,650 Columbia Regency Partners II, LLC (Columbia II) 20.00% 13 38,110 377,121 4,673 23,367 Cameron Village, LLC (Cameron) 30.00% 1 11,169 98,633 943 3,177 RegCal, LLC (RegCal) 25.00% 7 31,235 139,844 1,542 6,167 US Regency Retail I, LLC (USAA) 20.01% 7 — 89,524 937 4,685 Other investments in real estate partnerships 9.375% - 50.00% 9 125,231 456,828 3,464 8,661 Total investments in real estate partnerships 120 $ 463,001 3,227,831 42,974 129,085 December 31, 2017 (in thousands) Regency's Ownership Number of Properties Total Investment Total Assets of the Partnership The Company's Share of Net Income of the Partnership Net Income of the Partnership GRI - Regency, LLC (GRIR) 40.00% 70 $ 198,521 1,656,068 27,440 69,211 New York Common Retirement Fund (NYC) 30.00% 6 53,277 284,412 686 2,757 Columbia Regency Retail Partners, LLC (Columbia I) 20.00% 6 7,057 130,836 3,620 18,233 Columbia Regency Partners II, LLC (Columbia II) 20.00% 12 13,720 329,992 1,530 7,690 Cameron Village, LLC (Cameron) 30.00% 1 11,784 99,808 850 2,917 RegCal, LLC (RegCal) 25.00% 7 27,829 138,717 1,403 5,613 US Regency Retail I, LLC (USAA) 20.01% 7 — 90,900 4,456 22,299 Other investments in real estate partnerships 50.00% 6 74,116 154,987 3,356 11,238 Total investments in real estate partnerships 115 $ 386,304 2,885,720 43,341 139,958 The summarized balance sheet information for the investments in real estate partnerships, on a combined basis, is as follows: December 31, (in thousands) 2018 2017 Investments in real estate, net $ 3,001,481 2,682,578 Acquired lease intangible assets, net 57,053 54,021 Other assets 169,297 149,121 Total assets $ 3,227,831 2,885,720 Notes payable $ 1,609,647 1,514,729 Acquired lease intangible liabilities, net 49,501 42,466 Other liabilities 90,577 70,498 Capital - Regency 498,852 445,068 Capital - Third parties 979,254 812,959 Total liabilities and capital $ 3,227,831 2,885,720 The following table reconciles the Company's capital recorded by the unconsolidated partnerships to the Company's investments in real estate partnerships reported in the accompanying consolidated balance sheet: December 31, (in thousands) 2018 2017 Capital - Regency $ 498,852 445,068 Basis difference (38,064 ) (37,852 ) Negative investment in USAA (1) 3,513 11,290 Impairment of investment in real estate partnerships (1,300 ) (1,300 ) Restricted Gain Method deferral (2) — (30,902 ) Investments in real estate partnerships $ 463,001 386,304 (1) The USAA partnership has distributed proceeds from debt refinancing and real estate sales in excess of Regency's carrying value of its investment resulting in a negative investment balance, which is recorded within Accounts payable and other liabilities in the Consolidated Balance Sheets. (2) Upon adoption of ASU 2017-05 (ASC Subtopic 610-20) on January 1, 2018, the Company recognized $30.9 million of previously deferred gains through opening retained earnings, as discussed in note 1 to the Consolidated Financial Statements. The revenues and expenses for the investments in real estate partnerships, on a combined basis, are summarized as follows: Year ended December 31, (in thousands) 2018 2017 2016 Total revenues $ 414,631 396,596 364,087 Operating expenses: Depreciation and amortization 99,847 99,327 99,252 Operating and maintenance 66,299 58,283 52,725 General and administrative 5,697 5,582 5,342 Real estate taxes 54,119 49,904 42,813 Other operating expenses 1,003 2,923 2,356 Total operating expenses $ 226,965 216,019 202,488 Other expense (income): Interest expense, net 73,508 73,244 69,193 Gain on sale of real estate (16,624 ) (34,276 ) (70,907 ) Early extinguishment of debt — — 69 Other expense (income) 1,697 1,651 2,197 Total other expense (income) 58,581 40,619 552 Net income of the Partnerships $ 129,085 139,958 161,047 The Company's share of net income of the Partnerships $ 42,974 43,341 56,518 Acquisitions The following table provides a summary of shopping centers and land parcels acquired through our unconsolidated real estate partnerships: (in thousands) Year ended December 31, 2018 Date Purchased Property Name City/State Property Type Co-investment Partner Ownership % Purchase Price Debt Assumed, Net of Premiums Intangible Assets Intangible Liabilities 01/02/18 Ballard Blocks I Seattle, WA Operating Other 49.90% $ 54,500 — 3,668 2,350 01/02/18 Ballard Blocks II Seattle, WA Development Other 49.90% 4,000 — — — 01/05/18 The District at Metuchen Metuchen, NJ Operating Columbia II 20.00% 33,830 — 3,147 1,905 05/18/18 Crossroads Commons II Boulder, CO Operating Columbia I 20.00% 10,500 — 447 769 09/07/18 Ridgewood Shopping Center Raleigh, NC Operating Columbia II 20.00% 45,800 10,233 3,372 2,278 12/17/18 Shoppes at Bartram Park Jacksonville, FL Operating (1) Other 50.00% 984 — — — 12/14/18 Town and Country Center Los Angeles, CA Operating Other 9.38% 197,248 90,000 3,255 5,650 Total property acquisitions $ 346,862 100,233 13,889 12,952 (1) Land parcels purchased as additions to the existing operating property. (in thousands) Year ended December 31, 2017 Date Purchased Property Name City/State Property Type Co-investment Partner Ownership % Purchase Price Debt Assumed, Net of Premiums Intangible Assets Intangible Liabilities 10/11/17 Midtown East Raleigh, NC Development Other 50.00% $ 15,075 — — — Total property acquisitions $ 15,075 — — — Dispositions The following table provides a summary of shopping centers and land parcels disposed of through our unconsolidated real estate partnerships: Year ended December 31, (in thousands) 2018 2017 2016 Proceeds from sale of real estate investments $ 27,144 73,122 174,090 Gain on sale of real estate $ 16,624 34,276 70,907 The Company's share of gain on sale of real estate $ 3,608 6,591 25,003 Number of operating properties sold 1 3 10 Number of land out-parcels sold 2 1 1 Notes Payable Scheduled principal repayments on notes payable held by our unconsolidated investments in real estate partnerships as of December 31, 2018 were as follows: Scheduled Principal Payments and Maturities by Year: Scheduled Mortgage Loan Maturities Unsecured Total Regency’s 2019 $ 20,062 65,939 — 86,001 22,294 2020 17,043 326,583 — 343,626 101,841 2021 11,048 269,942 19,635 300,625 104,375 2022 7,811 170,702 — 178,513 68,417 2023 2,989 171,608 — 174,597 65,096 Beyond 5 Years 7,353 529,637 — 536,990 175,032 Net unamortized loan costs, debt premium / (discount) — (10,705 ) — (10,705 ) (3,082 ) Total notes payable $ 66,306 1,523,706 19,635 1,609,647 533,973 These fixed and variable rate loans are all non-recourse, and mature through 2034, with 92.4% having a weighted average fixed interest rate of 4.6%. The remaining notes payable float over LIBOR and had a weighted average variable interest rate of 4.6% at December 31, 2018. Maturing loans will be repaid from proceeds from refinancing, partner capital contributions, or a combination thereof. The Company is obligated to contribute its pro-rata share to fund maturities if the loans are not refinanced, and it has the capacity to do so from existing cash balances, availability on its line of credit, and operating cash flows. The Company believes that its partners are financially sound and have sufficient capital or access thereto to fund future capital requirements. In the event that a co-investment partner was unable to fund its share of the capital requirements of the co-investment partnership, the Company would have the right, but not the obligation, to loan the defaulting partner the amount of its capital call. | |
Schedule of Related Party Transactions [Table Text Block] | Management fee income In addition to earning our pro-rata share of net income or loss in each of these co-investment partnerships, we receive fees, as follows: Year ended December 31, (in thousands) 2018 2017 2016 Asset management, property management, leasing, and investment and financing services $ 27,873 25,260 24,595 | |
Unconsolidated Properties [Member] | ||
Schedule of Equity Method Investments [Line Items] | ||
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | (in thousands) Year ended December 31, 2018 Date Purchased Property Name City/State Property Type Co-investment Partner Ownership % Purchase Price Debt Assumed, Net of Premiums Intangible Assets Intangible Liabilities 01/02/18 Ballard Blocks I Seattle, WA Operating Other 49.90% $ 54,500 — 3,668 2,350 01/02/18 Ballard Blocks II Seattle, WA Development Other 49.90% 4,000 — — — 01/05/18 The District at Metuchen Metuchen, NJ Operating Columbia II 20.00% 33,830 — 3,147 1,905 05/18/18 Crossroads Commons II Boulder, CO Operating Columbia I 20.00% 10,500 — 447 769 09/07/18 Ridgewood Shopping Center Raleigh, NC Operating Columbia II 20.00% 45,800 10,233 3,372 2,278 12/17/18 Shoppes at Bartram Park Jacksonville, FL Operating (1) Other 50.00% 984 — — — 12/14/18 Town and Country Center Los Angeles, CA Operating Other 9.38% 197,248 90,000 3,255 5,650 Total property acquisitions $ 346,862 100,233 13,889 12,952 (1) Land parcels purchased as additions to the existing operating property. (in thousands) Year ended December 31, 2017 Date Purchased Property Name City/State Property Type Co-investment Partner Ownership % Purchase Price Debt Assumed, Net of Premiums Intangible Assets Intangible Liabilities 10/11/17 Midtown East Raleigh, NC Development Other 50.00% $ 15,075 — — — Total property acquisitions $ 15,075 — — — | |
Business dispositions unconsolidated co-investment partnership [Table Text Block] | Dispositions The following table provides a summary of shopping centers and land parcels disposed of through our unconsolidated real estate partnerships: Year ended December 31, (in thousands) 2018 2017 2016 Proceeds from sale of real estate investments $ 27,144 73,122 174,090 Gain on sale of real estate $ 16,624 34,276 70,907 The Company's share of gain on sale of real estate $ 3,608 6,591 25,003 Number of operating properties sold 1 3 10 Number of land out-parcels sold 2 1 1 |
Acquired Lease Intangibles (Ta
Acquired Lease Intangibles (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Schedule of Net Accumulated Amortization and Accretion | The Company had the following acquired lease intangibles: December 31, (in thousands) 2018 2017 In-place leases $ 457,379 470,315 Above-market leases 57,294 64,625 Below-market ground leases 92,085 92,166 Total intangible assets $ 606,758 627,106 Accumulated amortization (219,689 ) (148,280 ) Acquired lease intangible assets, net $ 387,069 478,826 Below-market leases $ 584,371 588,850 Above-market ground leases 5,101 5,101 Total intangible liabilities 589,472 593,951 Accumulated amortization (92,746 ) (56,550 ) Acquired lease intangible liabilities, net $ 496,726 537,401 The following table provides a summary of amortization and net accretion amounts from acquired lease intangibles: Year ended December 31, Line item in Consolidated Statements of Operations (in thousands) 2018 2017 2016 In-place lease amortization $ 76,649 88,284 11,533 Depreciation and amortization Above-market lease amortization 10,433 9,443 1,742 Minimum rent Below-market ground lease amortization 1,688 1,886 1,111 Operating and maintenance Acquired lease intangible asset amortization $ 88,770 99,613 14,386 Below-market lease amortization $ 45,561 34,786 6,827 Minimum rent Above-market ground lease amortization 94 136 167 Operating and maintenance Acquired lease intangible liability amortization $ 45,655 34,922 6,994 |
Schedule of Future Amortization Expense and Minimum Rent | The estimated aggregate amortization and net accretion amounts from acquired lease intangibles for the next five years are as follows: (in thousands) In Process Year Ending December 31, Net accretion of Above / Below market lease intangibles Amortization of In-place lease intangibles Net amortization of Below / Above ground lease intangibles 2019 $ 27,768 53,506 1,554 2020 26,646 40,528 1,554 2021 25,986 32,344 1,554 2022 24,239 24,692 1,554 2023 23,499 19,605 1,554 |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Income Tax Disclosure [Abstract] | |
Schedule of Tax Status of Dividends | The following table summarizes the tax status of dividends paid on our common shares: Year ended December 31, (in thousands) 2018 2017 2016 Dividend per share $2.22 2.10 2.00 Ordinary income 98% 86% 53% Capital gain —% 10% 8% Return of capital —% 4% 39% Qualified dividend income 2% —% —% Section 199A dividend 98% —% —% |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | Our consolidated expense (benefit) for income taxes for the years ended December 31, 2018, 2017, and 2016 was as follows: Year ended December 31, (in thousands) 2018 2017 2016 Income tax expense (benefit): Current $ 5,667 1,168 (153 ) Deferred (5,145 ) (10,815 ) — Total income tax expense (benefit) (1) $ 522 (9,647 ) (153 ) (1) Includes $706,000 and $90,000 of tax expense presented within Other operating expenses during the year ended December 31, 2018 and 2017, respectively. Additionally, $184,000 and $153,000 of tax benefit is presented within Gain on sale of real estate (or Provision for impairment), net of tax, during the years ended December 31, 2018 and 2016, respectively. |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | The TRS entities are subject to federal and state income taxes and file separate tax returns. Income tax expense (benefit) differed from the amounts computed by applying the U.S. Federal income tax rate to pretax income of the TRS entities, as follows: Year ended December 31, (in thousands) 2018 2017 2016 Computed expected tax expense (benefit) $ (584 ) 1,190 933 State income tax, net of federal benefit 636 108 56 Valuation allowance (392 ) (1,512 ) (1,239 ) Tax rate change — (9,737 ) — Permanent items 1,067 — — All other items (205 ) 304 97 Total income tax expense (benefit) (1) 522 (9,647 ) (153 ) Income tax expense (benefit) attributable to operations (1) $ 522 (9,647 ) (153 ) (1) Includes $706,000 and $90,000 of tax expense presented within Other operating expenses during the year ended December 31, 2018 and 2017, respectively. Additionally, $184,000 and $153,000 of tax benefit is presented within Gain on sale of real estate (or Provision for impairment), net of tax, during the years ended December 31, 2018 and 2016, respectively. |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | The tax effects of temporary differences and carryforwards (included in Accounts payable and other liabilities in the accompanying Consolidated Balance Sheets) are summarized as follows: December 31, (in thousands) 2018 2017 Deferred tax assets Provision for impairment 3,785 3,785 Deferred interest expense 2,617 2,754 Capitalized costs under Section 263A 713 729 Net operating loss carryforward 166 373 Other 2,123 2,297 Deferred tax assets 9,404 9,938 Valuation allowance (7,907 ) (8,300 ) Deferred tax assets, net 1,497 1,638 Deferred tax liabilities Straight line rent (565 ) (528 ) Fixed assets (14,829 ) (19,757 ) Other — (7 ) Deferred tax liabilities (15,394 ) (20,292 ) Net deferred tax liabilities $ (13,897 ) (18,654 ) |
Notes Payable and Unsecured C_2
Notes Payable and Unsecured Credit Facilities (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Debt Instrument [Line Items] | |
Schedule of Debt [Table Text Block] | The Company’s outstanding debt consists of the following: Maturing Through Weighted Average Contractual Rate Weighted Average Effective Rate December 31, (in thousands) 2018 2017 Notes payable: Fixed rate mortgage loans 10/1/2036 4.8% 4.3% $ 403,306 520,193 Variable rate mortgage loans (1) 6/2/2027 3.5% 3.7% 127,850 125,866 Fixed rate unsecured public and private debt 2/1/2047 4.0% 4.4% 2,475,322 2,325,656 Total notes payable $ 3,006,478 2,971,715 Unsecured credit facilities: Line of Credit (2) 3/23/2022 3.4% 3.5% 145,000 60,000 Term Loans 1/5/2022 2.4% 2.5% 563,734 563,262 Total unsecured credit facilities $ 708,734 623,262 Total debt outstanding $ 3,715,212 3,594,977 (1) Includes five mortgages, whose interest varies on LIBOR based formulas. Three of these variable rate loans have interest rate swaps in place to fix the interest rates at a range of 2.8% to 4.1%. (2) Maturity is subject to two six month extensions as the Company's option. The weighted average contractual and effective interest rates for the Line are calculated based on a fully drawn Line balance. |
Schedule of Maturities of Long-term Debt [Table Text Block] | Scheduled principal payments and maturities on notes payable and unsecured credit facilities were as follows: (in thousands) December 31, 2018 Scheduled Principal Payments and Maturities by Year: Scheduled Mortgage Unsecured Maturities (1) Total 2019 $ 9,518 13,216 — 22,734 2020 11,287 78,580 300,000 389,867 2021 11,599 77,060 250,000 338,659 2022 11,798 5,848 710,000 727,646 2023 10,043 59,375 — 69,418 Beyond 5 Years 27,013 209,845 1,950,000 2,186,858 Unamortized debt premium/(discount) and issuance costs — 5,974 (25,944 ) (19,970 ) Total notes payable $ 81,258 449,898 3,184,056 3,715,212 (1) Includes unsecured public and private debt and unsecured credit facilities. The Company has $13.2 million of debt maturing over the next twelve months, which is in the form of a non-recourse mortgage loan. |
Derivative Financial Instrume_2
Derivative Financial Instruments (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] | The following table summarizes the terms and fair values of the Company's derivative financial instruments, as well as their classification on the Consolidated Balance Sheets: Fair Value at December 31, (in thousands) Assets (Liabilities) (1) Effective Date Maturity Date Notional Amount Bank Pays Variable Rate of Regency Pays Fixed Rate of 2018 2017 12/6/18 6/28/19 $ 250,000 30 year U.S. Treasury 3.147% $ (5,491 ) — 4/3/17 12/2/20 300,000 1 Month LIBOR with Floor 1.824% 3,759 1,804 8/1/16 1/5/22 265,000 1 Month LIBOR with Floor 1.053% 10,838 10,744 4/7/16 4/1/23 20,000 1 Month LIBOR 1.303% 880 801 12/1/16 11/1/23 33,000 1 Month LIBOR 1.490% 1,376 1,166 6/2/17 6/2/27 37,500 1 Month LIBOR with Floor 2.366% 629 (177 ) Total derivative financial instruments $ 11,991 14,338 (1) Derivatives in an asset position are included within Other assets in the accompanying Consolidated Balance Sheets, while those in a liability position are included within Accounts payable and other liabilities. |
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block] | The following table represents the effect of the derivative financial instruments on the accompanying consolidated financial statements: Location and Amount of Gain (Loss) Recognized in OCI on Derivative Location and Amount of Gain (Loss) Reclassified from AOCI into Income Total amounts presented in the Consolidated Statements of Operations in which the effects of cash flow hedges are recorded Year ended December 31, Year ended December 31, Year ended December 31, (in thousands) 2018 2017 2016 2018 2017 2016 2018 2017 2016 Interest rate swaps $ 402 1,151 10,613 Interest expense $ (5,342 ) (11,103 ) (10,553 ) Interest expense, net $ (148,456 ) (132,629 ) (90,712 ) Interest rate swaps $ — — (20,945 ) Loss on derivative instruments (1) $ — — (40,586 ) Loss on derivative instruments (1) $ — — 40,586 (1) During 2016, the Company completed an equity offering, rather than its previously expected issuance of new fixed rate debt, to fund the repayment of maturing debt and to settle the forward starting swaps entered in contemplation of the previously anticipated new debt transaction. As a result of the equity offering, the Company believed that the issuance of new fixed rate debt within the remaining period of the forward starting swaps was probable not to occur. Accordingly, the Company ceased hedge accounting and reclassified the $40.6 million paid to settle the forward starting swaps from Accumulated other comprehensive income to earnings during 2016. |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Fair Value Disclosures [Abstract] | |
Fair Value, by Balance Sheet Grouping [Table Text Block] | All financial instruments of the Company are reflected in the accompanying Consolidated Balance Sheets at amounts which, in management's estimation, reasonably approximates their fair values, except for the following: December 31, 2018 2017 (in thousands) Carrying Amount Fair Value Carrying Amount Fair Value Financial assets: Notes receivable (1) $ — — $ 15,803 15,660 Financial liabilities: Notes payable $ 3,006,478 2,961,769 $ 2,971,715 3,058,044 Unsecured credit facilities $ 708,734 710,902 $ 623,262 625,000 (1) Notes receivable are included in Tenant and other receivables, net on the Consolidated Balance Sheets. |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | The following table presents the placement in the fair value hierarchy of assets and liabilities that are measured at fair value on a recurring basis: Fair Value Measurements as of December 31, 2018 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs (in thousands) Balance (Level 1) (Level 2) (Level 3) Assets: Securities $ 33,354 33,354 — — Available-for-sale debt securities 7,933 — 7,933 — Interest rate derivatives 17,482 — 17,482 — Total $ 58,769 33,354 25,415 — Liabilities: Interest rate derivatives $ (5,491 ) — (5,491 ) — Fair Value Measurements as of December 31, 2017 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs (in thousands) Balance (Level 1) (Level 2) (Level 3) Assets: Securities $ 31,662 31,662 — — Available-for-sale debt securities 9,974 — 9,974 — Interest rate derivatives 14,515 — 14,515 — Total $ 56,151 31,662 24,489 — Liabilities: Interest rate derivatives $ (177 ) — (177 ) — |
Equity and Capital (Tables)
Equity and Capital (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Equity and Capital [Abstract] | |
Schedule of Accumulated Other Comprehensive Income (Loss) | The following table presents changes in the balances of each component of AOCI: Controlling Interest Noncontrolling Interest Total (in thousands) Cash Flow Hedges Unrealized gain (loss) on Available-For-Sale Securities AOCI Cash Flow Hedges Unrealized gain (loss) on Available-For-Sale Securities AOCI AOCI Balance as of December 31, 2015 $ (58,650 ) (43 ) (58,693 ) (785 ) — (785 ) (59,478 ) Other comprehensive income before reclassifications (10,587 ) 24 (10,563 ) 255 — 255 (10,308 ) Amounts reclassified from accumulated other comprehensive income 50,910 — 50,910 229 — 229 51,139 Current period other comprehensive income, net 40,323 24 40,347 484 — 484 40,831 Balance as of December 31, 2016 $ (18,327 ) (19 ) (18,346 ) (301 ) — (301 ) (18,647 ) Other comprehensive income before reclassifications 1,134 (8 ) 1,126 17 — 17 1,143 Amounts reclassified from accumulated other comprehensive income 10,931 — 10,931 172 — 172 11,103 Current period other comprehensive income, net 12,065 (8 ) 12,057 189 — 189 12,246 Balance as of December 31, 2017 $ (6,262 ) (27 ) (6,289 ) (112 ) — (112 ) (6,401 ) Opening adjustment due to change in accounting policy (1) 12 — 12 2 — 2 14 Adjusted balance as of January 1, 2018 (6,250 ) (27 ) (6,277 ) (110 ) — (110 ) (6,387 ) Other comprehensive income before reclassifications 131 (95 ) 36 271 — 271 307 Amounts reclassified from accumulated other comprehensive income 5,314 — 5,314 28 — 28 5,342 Current period other comprehensive income, net 5,445 (95 ) 5,350 299 — 299 5,649 Balance as of December 31, 2018 $ (805 ) (122 ) (927 ) 189 — 189 (738 ) (1) Upon adoption of ASU 2017-12, the Company recognized the immaterial adjustment to opening retained earnings and AOCI for previously recognized hedge ineffectiveness from off-market hedges, as further discussed in note 1. |
Earnings per Share and Unit (Ta
Earnings per Share and Unit (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Parent Company [Member] | |
Schedule of Earnings Per Share, Basic and Diluted | Parent Company Earnings per Share The following summarizes the calculation of basic and diluted earnings per share: Year ended December 31, (in thousands, except per share data) 2018 2017 2016 Numerator: Income from operations attributable to common stockholders - basic $ 249,127 159,949 143,860 Income from operations attributable to common stockholders - diluted $ 249,127 159,949 143,860 Denominator: Weighted average common shares outstanding for basic EPS 169,724 159,536 100,863 Weighted average common shares outstanding for diluted EPS (1) 170,100 159,960 (2) 101,285 (2) Income per common share – basic $ 1.47 1.00 1.43 Income per common share – diluted $ 1.46 1.00 1.42 (1) Includes the dilutive impact of unvested restricted stock. (2) Using the treasury stock method, weighted average common shares outstanding for basic and diluted earnings per share excludes 1.3 million shares issuable under the forward equity offering outstanding during 2017 and 2016, as they would be anti-dilutive. |
Partnership Interest [Member] | |
Schedule of Earnings Per Share, Basic and Diluted | Operating Partnership Earnings per Unit The following summarizes the calculation of basic and diluted earnings per unit: Year ended December 31, (in thousands, except per share data) 2018 2017 2016 Numerator: Income from operations attributable to common unit holders - basic $ 249,652 160,337 144,117 Income from operations attributable to common unit holders - diluted $ 249,652 160,337 144,117 Denominator: Weighted average common units outstanding for basic EPU 170,074 159,831 101,017 Weighted average common units outstanding for diluted EPU (1) 170,450 160,255 (2) 101,439 (2) Income per common unit – basic $ 1.47 1.00 1.43 Income per common unit – diluted $ 1.46 1.00 1.42 (1) Includes the dilutive impact of unvested restricted stock. (2) Using the treasury stock method, weighted average common shares outstanding for basic and diluted earnings per share excludes 1.3 million shares issuable under the forward equity offering outstanding during 2017 and 2016, as they would be anti-dilutive. |
Operating Leases (Tables)
Operating Leases (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Operating Leased Assets [Line Items] | |
Schedule of Future Minimum Rental Payments for Operating Leases | Future minimum rents under non-cancelable operating leases as of December 31, 2018 , excluding both tenant reimbursements of operating expenses and additional percentage rent based on tenants' sales, are as follows: In Process Year Ending December 31, Future Minimum Rents (in thousands) 2019 $ 761,151 2020 693,848 2021 608,587 2022 516,369 2023 414,424 Thereafter 1,691,203 Total $ 4,685,582 |
Lease Agreements [Member] | |
Operating Leased Assets [Line Items] | |
Schedule of Future Minimum Rental Payments for Operating Leases | The following table summarizes the future obligations under non-cancelable operating leases as of December 31, 2018 : In Process Year Ending December 31, Future Obligations (in thousands) 2019 $ 15,077 2020 14,733 2021 13,893 2022 13,151 2023 12,558 Thereafter 467,706 Total $ 537,118 |
Summary of Quarterly Financia_2
Summary of Quarterly Financial Data (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Quarterly Financial Information Disclosure [Abstract] | |
Quarterly Financial Information [Table Text Block] | The following table summarizes selected Quarterly Financial Data for the Company on a historical basis for the years ended December 31, 2018 and 2017 : (in thousands except per share and per unit data) First Quarter Second Quarter Third Quarter Fourth Quarter Year ended December 31, 2018 Operating Data: Revenue $ 276,693 281,412 278,310 284,560 Net income attributable to common stockholders $ 52,660 47,841 69,722 78,904 Net income attributable to exchangeable operating partnership units 111 100 147 167 Net income attributable to common unit holders $ 52,771 47,941 69,869 79,071 Net income attributable to common stock and unit holders per share and unit: Basic $ 0.31 0.28 0.41 0.47 Diluted $ 0.31 0.28 0.41 0.46 Year ended December 31, 2017 Operating Data: Revenue $ 196,131 261,305 262,141 264,749 Net (loss) income attributable to common stockholders $ (33,223 ) 48,368 59,666 85,138 Net (loss) income attributable to exchangeable operating partnership units (19 ) 104 132 171 Net (loss) income attributable to common unit holders $ (33,242 ) 48,472 59,798 85,309 Net (loss) income attributable to common stock and unit holders per share and unit: Basic $ (0.26 ) 0.28 0.35 0.50 Diluted $ (0.26 ) 0.28 0.35 0.50 |
Stock-Based Compensation (Table
Stock-Based Compensation (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Schedule of Nonvested Share Activity [Table Text Block] | The following table summarizes non-vested restricted stock activity: Year ended December 31, 2018 Number of Shares Intrinsic Value Weighted Average Grant Price Non-vested as of December 31, 2017 570,077 Time-based awards granted (1) (4) 130,584 $61.66 Performance-based awards granted (2) (4) 14,935 $62.57 Market-based awards granted (3) (4) 113,126 $65.74 Change in market-based awards earned for performance (3) 64,330 $60.34 Vested (5) (287,331 ) $60.23 Forfeited (10,550 ) $68.65 Non-vested as of December 31, 2018 (6) 595,171 $34,925 (1) Time-based awards vest beginning on the first anniversary following the grant date over a three or four year service period. These grants are subject only to continued employment and are not dependent on future performance measures. Accordingly, if such vesting criteria are not met, compensation cost previously recognized would be reversed. (2) Performance-based awards are earned subject to future performance measurements. Once the performance criteria are achieved and the actual number of shares earned is determined, shares vest over a required service period. The Company considers the likelihood of meeting the performance criteria based upon management's estimates from which it determines the amounts recognized as expense on a periodic basis. (3) Market-based awards are earned dependent upon the Company's total shareholder return in relation to the shareholder return of a NAREIT index over a three-year period. Once the performance criteria are met and the actual number of shares earned is determined, the shares are immediately vested and distributed. The probability of meeting the criteria is considered when calculating the estimated fair value on the date of grant using a Monte Carlo simulation. These awards are accounted for as awards with market criteria, with compensation cost recognized over the service period, regardless of whether the performance criteria are achieved and the awards are ultimately earned. The significant assumptions underlying determination of fair values for market-based awards granted were as follows: Year ended December 31, 2018 2017 2016 Volatility 19.20% 18.00% 18.50% Risk free interest rate 2.26% 1.48% 0.88% (4) The weighted-average grant price for restricted stock granted during the years is summarized below: Year ended December 31, 2018 2017 2016 Weighted-average grant price for restricted stock $ 63.50 $ 72.05 $ 79.40 (5) The total intrinsic value of restricted stock vested during the years is summarized below (in thousands): Year ended December 31, 2018 2017 2016 Intrinsic value of restricted stock vested $ 17,306 $ 14,376 $ 15,400 (6) As of December 31, 2018, there was $13.1 million of unrecognized compensation cost related to non-vested restricted stock granted under the Parent Company's Plan. When recognized, this compensation results in additional paid in capital in the accompanying Consolidated Statements of Equity of the Parent Company and in general partner preferred and common units in the accompanying Consolidated Statements of Capital of the Operating Partnership. This unrecognized compensation cost is expected to be recognized over the next three years. The Company issues new restricted stock from its authorized shares available at the date of grant. |
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block] | The Company recorded stock-based compensation in general and administrative expenses in the accompanying Consolidated Statements of Operations, the components of which are further described below: Year ended December 31, (in thousands) 2018 2017 2016 Restricted stock (1) $ 16,745 15,525 13,422 Directors' fees paid in common stock (1) 399 303 193 Capitalized stock-based compensation (2) (3,509 ) (3,210 ) (2,963 ) Stock based compensation attributable to post-combination service from Equity One merger — 7,931 — Stock-based compensation, net of capitalization $ 13,635 20,549 10,652 (1) Includes amortization of the grant date fair value of restricted stock awards over the respective vesting periods. (2) Includes compensation expense specifically identifiable to development and leasing activities. The Company established its Long Term Omnibus Plan (the "Plan") under which the Board of Directors may grant stock options and other stock-based awards to officers, directors, and other key employees. The Plan allows the Company to issue up to 4.1 million shares in the form of the Parent Company's common stock or stock options. As of December 31, 2018 , there were 1.2 million shares available for grant under the Plan either through stock options or restricted stock. |
Saving and Retirement Plans (Ta
Saving and Retirement Plans (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items] | |
Deferred Compensation Arrangement with Individual Disclosure, Postretirement Benefits [Table Text Block] | The following table reflects the balances of the assets and deferred compensation liabilities of the Rabbi trust in the accompanying Consolidated Balance Sheets: Non Qualified Deferred Compensation Plan Component (1) Year ended December 31, (in thousands) 2018 2017 Assets: Trading securities held in trust (2) $ 31,351 31,662 Liabilities: Accounts payable and other liabilities $ 31,166 31,383 (1) Assets and liabilities of the Rabbi trust are exclusive of the shares of the Company's common stock. (2) Included within Other assets in the accompanying Consolidated Balance Sheets. |
Other Assets (Tables)
Other Assets (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Other Assets [Abstract] | |
Schedule of Other Assets [Table Text Block] | The following table represents the components of Other assets in the accompanying Consolidated Balance Sheets: (in thousands) December 31, 2018 December 31, 2017 Goodwill $ 314,143 331,884 Investments 41,287 41,636 Prepaid and other 17,937 30,332 Derivative assets 17,482 14,515 Furniture, fixtures, and equipment, net 6,127 6,123 Deferred financing costs, net 6,851 2,637 Total other assets $ 403,827 427,127 |
Schedule of Goodwill [Table Text Block] | The following table presents the goodwill balances and activity during the year to date periods ended: (in thousands) December 31, 2018 December 31, 2017 Goodwill Accumulated Impairment Losses Total Goodwill Accumulated Impairment Losses Total Beginning of year balance $ 331,884 — 331,884 — — — Goodwill resulting from Equity One merger 500 — 500 331,884 — 331,884 Goodwill allocated to Provision for impairment — (12,628 ) (12,628 ) — — — Goodwill allocated to Properties held for sale (1,159 ) — (1,159 ) — — — Goodwill associated with disposed reporting units: Goodwill allocated to Provision for impairment (9,913 ) 9,913 — — — — Goodwill allocated to Gain on sale of real estate (4,454 ) — (4,454 ) — — — End of year balance $ 316,858 (2,715 ) 314,143 331,884 — 331,884 |
Summary of Significant Accoun_7
Summary of Significant Accounting Policies - Organization and Principles of Consolidation (Details) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018USD ($)propertyretail_shopping_centershares | Dec. 31, 2017USD ($)shares | Dec. 31, 2016USD ($) | |
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | |||
Concentration Risk, Percentage | 18.00% | ||
Operations Commenced Date | Dec. 31, 1993 | ||
Document Fiscal Year Focus | 2,018 | ||
Parent Company, Ownership Percentage of Outstanding Common Partnership Units of Operating Partnership | 99.80% | 99.80% | |
General Partners' Capital Account, Units Outstanding | shares | 167,904,593 | 171,365,000 | |
Partners' Capital Account, Units | shares | 168,254,495 | 171,715,000 | |
Maximum Period Of TIme In Which Company Capitalizes Interest Costs | 12 months | ||
Tax Basis of Investments, Unrealized Appreciation (Depreciation), Net | $ 2,800,000 | ||
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount | $ 0 | 9,737 | $ 0 |
Provision for Doubtful Accounts | (10,100) | (8,040) | |
Straight Line Rent | 105,677 | 93,284 | |
Accrued CAM, Insurance and Tax Reimbursements | 25,305 | 14,825 | |
Parent Company [Member] | |||
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | |||
Restricted Cash and Cash Equivalents | $ 2,658 | 4,011 | |
Conversion of Stock, Conversion Ratio | 0.45 | ||
Stock Issued During Period, Shares, Acquisitions | shares | 65,500,000 | ||
Accounts and Notes Receivable, Net | $ 172,359 | 170,985 | |
Partnership Interest [Member] | |||
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | |||
General Partners' Capital Account, Units Outstanding | shares | 167,904,000 | ||
Restricted Cash and Cash Equivalents | $ 2,658 | 4,011 | |
Accounts and Notes Receivable, Net | $ 172,359 | 170,985 | |
Wholly Owned Properties [Member] | |||
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | |||
Number of Real Estate Properties | property | 305 | ||
Unconsolidated Properties [Member] | |||
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | |||
Number of Real Estate Properties | property | 120 | ||
Partially Owned Properties [Member] | |||
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | |||
Number of Real Estate Properties | retail_shopping_center | 133 | ||
Consolidated Properties [Member] | |||
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | |||
Number of Real Estate Properties | retail_shopping_center | 13 | ||
Minimum [Member] | |||
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | |||
Equity Method Investment, Accretion Period | 10 years | ||
Maximum [Member] | |||
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | |||
Concentration Risk, Percentage | 5.00% | ||
Equity Method Investment, Accretion Period | 40 years | ||
Building and Improvements [Member] | |||
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | |||
Property, Plant and Equipment, Useful Life | 40 years | ||
Tenant Improvements [Member] | |||
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | |||
Property, Plant and Equipment, Useful Life | 10 years | ||
Furniture and Fixtures [Member] | Minimum [Member] | |||
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | |||
Property, Plant and Equipment, Useful Life | 3 years | ||
Furniture and Fixtures [Member] | Maximum [Member] | |||
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | |||
Property, Plant and Equipment, Useful Life | 7 years | ||
Billed Tenant Receivables [Member] | |||
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | |||
Accounts and Notes Receivable, Net | $ 25,590 | 25,329 | |
Other Receivable [Member] | |||
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | |||
Accounts and Notes Receivable, Net | 30,953 | 34,472 | |
Notes Receivable [Member] | |||
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | |||
Accounts and Notes Receivable, Net | 0 | 15,803 | |
straight line rent [Member] | |||
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | |||
Provision for Doubtful Accounts | $ (5,066) | $ (4,688) |
Summary of Significant Accoun_8
Summary of Significant Accounting Policies - Properties in Development (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Property, Plant and Equipment [Line Items] | |||
Document Fiscal Year Focus | 2,018 | ||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | $ 630,202,000 | ||
Other Cost and Expense, Operating | 1,900,000 | $ 1,500,000 | $ 1,500,000 |
Refundable deposits - development | |||
Property, Plant and Equipment [Line Items] | |||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs | 550,000 | 3,500,000 | |
Parent Company [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Land | 4,205,445,000 | 4,235,032,000 | |
Land Improvements | 613,847,000 | 556,140,000 | |
Buildings | 5,088,102,000 | 4,999,378,000 | |
Building improvements | 901,596,000 | 787,880,000 | |
Development in Process | 54,172,000 | 314,391,000 | |
Real Estate Investment Property, at Cost | $ 10,863,162,000 | $ 10,892,821,000 |
Summary of Significant Accoun_9
Summary of Significant Accounting Policies Schedule of Variable Interest Entities (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Variable Interest Entity [Line Items] | ||
Variable Interest Entity, Consolidated, Carrying Amount, Liabilities | $ 18,432 | $ 16,551 |
Noncontrolling Interest in Variable Interest Entity | 30,280 | 17,572 |
Real Estate [Member] | ||
Variable Interest Entity [Line Items] | ||
Variable Interest Entity, Consolidated, Carrying Amount, Assets | 112,085 | 172,736 |
Cash and Cash Equivalents [Member] | ||
Variable Interest Entity [Line Items] | ||
Variable Interest Entity, Consolidated, Carrying Amount, Assets | $ 7,309 | $ 4,993 |
Summary of Significant Accou_10
Summary of Significant Accounting Policies Receivables, Trade and Other Accounts Receivalbe, Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Document Fiscal Year Focus | 2,018 | ||
Provision for Doubtful Accounts | $ 10,100 | $ 8,040 | |
Straight Line Rent | 105,677 | 93,284 | |
Tenant Reimbursements (Deprecated 2018-01-31) | 25,305 | 14,825 | |
Billed Tenant Receivables [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Accounts and Notes Receivable, Net | 25,590 | 25,329 | |
Other Receivable [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Accounts and Notes Receivable, Net | 30,953 | 34,472 | |
Notes Receivable [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Accounts and Notes Receivable, Net | 0 | 15,803 | |
straight line rent [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Provision for Doubtful Accounts | 5,066 | 4,688 | |
Parent Company [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Land | 4,205,445 | 4,235,032 | |
Property Management Fee Revenue | 28,494 | 26,158 | $ 25,327 |
Accounts and Notes Receivable, Net | 172,359 | 170,985 | |
Land Improvements | 613,847 | 556,140 | |
Buildings | 5,088,102 | 4,999,378 | |
Building improvements | 901,596 | 787,880 | |
Development in Process | 54,172 | 314,391 | |
Real Estate Investment Property, at Cost | 10,863,162 | 10,892,821 | |
Asset management services [Member] | Parent Company [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Property Management Fee Revenue | 7,213 | 7,090 | 6,746 |
Leasing services [Member] | Parent Company [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Property Management Fee Revenue | 4,044 | 3,573 | 4,285 |
Other transaction fees [Member] | Parent Company [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Property Management Fee Revenue | 2,574 | 1,578 | 1,221 |
Property management services [Member] | Parent Company [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Property Management Fee Revenue | $ 14,663 | $ 13,917 | $ 13,075 |
Summary of Significant Accou_11
Summary of Significant Accounting Policies Provision for Doubtful Accounts (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Document Fiscal Year Focus | 2,018 | ||
Allowance for Doubtful Accounts Receivable, Period Increase (Decrease) | $ 4,993 | $ 3,992 | $ 1,705 |
Provision for Loan and Lease Losses | $ 1,741 | $ 1,129 | $ 2,271 |
Summary of Significant Accou_12
Summary of Significant Accounting Policies Schedule of Other Current Assets (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Other Current Assets [Line Items] | |||
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Amount | $ 0 | $ 9,737 | $ 0 |
Document Fiscal Year Focus | 2,018 | ||
Goodwill | $ 314,143 | 331,884 | $ 0 |
Investments | 41,287 | 41,636 | |
Derivative Asset | 17,482 | 14,515 | |
Parent Company [Member] | |||
Other Current Assets [Line Items] | |||
Other Assets | $ 403,827 | $ 427,127 |
Summary of Significant Accou_13
Summary of Significant Accounting Policies Recent Accounting Pronouncements (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Accounting Standards Update 2017-05 [Member] | |||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets | $ 30,900 | ||
Salaries expense [Member] | Accounting Standards Update 2016-02 [Member] [Member] | |||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets | 6,500 | $ 10,400 | $ 10,500 |
Legal expense [Member] | Accounting Standards Update 2016-02 [Member] [Member] | |||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets | $ 1,600 | 1,200 | 700 |
Operating Activities [Member] | Accounting Standards Update 2016-18 [Member] | |||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets | 1,400 | 298,000 | |
Investing Activities [Member] | Accounting Standards Update 2016-18 [Member] | |||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets | $ 749,000 | $ 1,200 |
Real Estate Investments (Detail
Real Estate Investments (Details) $ / shares in Units, shares in Thousands, $ in Thousands | Mar. 01, 2017USD ($)property$ / sharesshares | Dec. 31, 2018USD ($)shares | Dec. 31, 2017USD ($) |
Business Acquisition [Line Items] | |||
Payments to Acquire Businesses, Gross | $ 116,239 | $ 191,384 | |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | $ 9,700 | $ 27,000 | |
Hewlett Crossing I & II [Member] | |||
Business Acquisition [Line Items] | |||
Business Acquisition, Effective Date of Acquisition | Jan. 10, 2018 | ||
Business Acquisition, Name of Acquired Entity | Hewlett Crossing I & II | ||
Business Acquisition Location, City and State | Hewlett, NY | ||
Business Acquisition, Property type | Operating | ||
Payments to Acquire Businesses, Gross | $ 30,900 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | $ 9,700 | ||
Equity One Inc. [Member] | |||
Business Acquisition [Line Items] | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | $ 1,383,291 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | $ 458,877 | ||
Stock Issued During Period, Shares, Acquisitions | shares | 65,379 | ||
Business Acquisition, Share Price | $ / shares | $ 68.40 | ||
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable | $ 4,471,808 | ||
Business Combination, Consideration Transferred, Other Cash Payments | 721,297 | ||
Business Combination, Consideration Transferred | $ 5,193,105 | ||
Number of real estate properties acquired | property | 121 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Land | $ 2,865,053 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Buildings | 2,619,163 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Properties in Development | 68,744 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Properties Held-for-sale | 19,600 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Investments in Unconsolidated Properties | 99,666 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Real Estate Assets | 5,672,226 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets | 112,909 | ||
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net | 332,384 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | 6,576,396 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt | 757,399 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable | 122,217 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Liabilities | 503,675 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net | $ 5,193,105 | ||
The Field at Commonwealth [Member] | |||
Business Acquisition [Line Items] | |||
Business Acquisition, Effective Date of Acquisition | Mar. 6, 2017 | ||
Business Acquisition, Name of Acquired Entity | The Field at Commonwealth | ||
Business Acquisition Location, City and State | Chantilly, VA | ||
Business Acquisition, Property type | Development | ||
Payments to Acquire Businesses, Gross | $ 9,500 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | $ 0 | ||
Pinecrest Place [Member] [Member] | |||
Business Acquisition [Line Items] | |||
Business Acquisition, Effective Date of Acquisition | Mar. 8, 2017 | ||
Business Acquisition, Name of Acquired Entity | Pinecrest Place (1) | ||
Business Acquisition Location, City and State | Miami, FL | ||
Business Acquisition, Property type | Development | ||
Payments to Acquire Businesses, Gross | $ 0 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | $ 0 | ||
Mellody Farm [Member] | |||
Business Acquisition [Line Items] | |||
Business Acquisition, Effective Date of Acquisition | Apr. 13, 2017 | ||
Business Acquisition, Name of Acquired Entity | Mellody Farm (2) | ||
Business Acquisition Location, City and State | Chicago, IL | ||
Business Acquisition, Property type | Development | ||
Payments to Acquire Businesses, Gross | $ 26,200 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | $ 0 | ||
Concord Outparcel [Member] | |||
Business Acquisition [Line Items] | |||
Business Acquisition, Effective Date of Acquisition | Jun. 28, 2017 | ||
Business Acquisition, Name of Acquired Entity | Concord outparcel (3) | ||
Business Acquisition Location, City and State | Miami, FL | ||
Business Acquisition, Property type | Operating | ||
Payments to Acquire Businesses, Gross | $ 350 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | $ 0 | ||
Aventura Square Outparcel [Member] | |||
Business Acquisition [Line Items] | |||
Business Acquisition, Effective Date of Acquisition | Jul. 20, 2017 | ||
Business Acquisition, Name of Acquired Entity | Aventura Square outparcel (4) | ||
Business Acquisition Location, City and State | Miami, FL | ||
Business Acquisition, Property type | Operating | ||
Payments to Acquire Businesses, Gross | $ 1,750 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | $ 0 | ||
Indigo Square [Member] | |||
Business Acquisition [Line Items] | |||
Business Acquisition, Effective Date of Acquisition | Nov. 15, 2017 | ||
Business Acquisition, Name of Acquired Entity | Indigo Square | ||
Business Acquisition Location, City and State | Mount Pleasant, SC | ||
Business Acquisition, Property type | Development | ||
Payments to Acquire Businesses, Gross | $ 3,900 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | $ 0 | ||
Scripps Ranch Marketplace [Member] | |||
Business Acquisition [Line Items] | |||
Business Acquisition, Effective Date of Acquisition | Dec. 21, 2017 | ||
Business Acquisition, Name of Acquired Entity | Scripps Ranch Marketplace | ||
Business Acquisition Location, City and State | San Diego, CA | ||
Business Acquisition, Property type | Operating | ||
Payments to Acquire Businesses, Gross | $ 81,600 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | $ 27,000 | ||
Roosevelt Square [Member] | |||
Business Acquisition [Line Items] | |||
Business Acquisition, Effective Date of Acquisition | Dec. 28, 2017 | ||
Business Acquisition, Name of Acquired Entity | Roosevelt Square | ||
Business Acquisition Location, City and State | Seattle, WA | ||
Business Acquisition, Property type | Operating | ||
Payments to Acquire Businesses, Gross | $ 68,084 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | 0 | ||
Rivertowns [Member] | |||
Business Acquisition [Line Items] | |||
Business Acquisition, Effective Date of Acquisition | Apr. 3, 2018 | ||
Business Acquisition, Name of Acquired Entity | Rivertowns Square | ||
Business Acquisition Location, City and State | Dobbs Ferry, NY | ||
Business Acquisition, Property type | Operating | ||
Payments to Acquire Businesses, Gross | $ 68,933 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | $ 0 | ||
Pablo Plaza [Member] | |||
Business Acquisition [Line Items] | |||
Business Acquisition, Effective Date of Acquisition | Dec. 14, 2018 | ||
Business Acquisition, Name of Acquired Entity | Pablo Plaza (1) | ||
Business Acquisition Location, City and State | Jacksonville, FL | ||
Business Acquisition, Property type | Operating | ||
Payments to Acquire Businesses, Gross | $ 1,310 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | $ 0 | ||
Village at Hunter's Lake [Member] | |||
Business Acquisition [Line Items] | |||
Business Acquisition, Effective Date of Acquisition | Dec. 27, 2018 | ||
Business Acquisition, Name of Acquired Entity | The Village at Hunter's Lake | ||
Business Acquisition Location, City and State | Tampa, FL | ||
Business Acquisition, Property type | Development | ||
Payments to Acquire Businesses, Gross | $ 1,812 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | $ 0 | ||
Carytown Exchange [Member] | |||
Business Acquisition [Line Items] | |||
Business Acquisition, Effective Date of Acquisition | Dec. 31, 2018 | ||
Business Acquisition, Name of Acquired Entity | Carytown Exchange (2) | ||
Business Acquisition Location, City and State | Richmond, VA | ||
Business Acquisition, Property type | Development | ||
Payments to Acquire Businesses, Gross | $ 13,284 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | 0 | ||
Partially Owned Properties [Member] | Equity One Inc. [Member] | |||
Business Acquisition [Line Items] | |||
Number of real estate properties acquired | property | 8 | ||
Off-Market Favorable Lease [Member] | |||
Business Acquisition [Line Items] | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 8,371 | 8,929 | |
Off-Market Favorable Lease [Member] | Hewlett Crossing I & II [Member] | |||
Business Acquisition [Line Items] | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 3,114 | ||
Off-Market Favorable Lease [Member] | The Field at Commonwealth [Member] | |||
Business Acquisition [Line Items] | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 0 | ||
Off-Market Favorable Lease [Member] | Pinecrest Place [Member] [Member] | |||
Business Acquisition [Line Items] | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 0 | ||
Off-Market Favorable Lease [Member] | Mellody Farm [Member] | |||
Business Acquisition [Line Items] | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 0 | ||
Off-Market Favorable Lease [Member] | Concord Outparcel [Member] | |||
Business Acquisition [Line Items] | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 0 | ||
Off-Market Favorable Lease [Member] | Aventura Square Outparcel [Member] | |||
Business Acquisition [Line Items] | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 90 | ||
Off-Market Favorable Lease [Member] | Indigo Square [Member] | |||
Business Acquisition [Line Items] | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 0 | ||
Off-Market Favorable Lease [Member] | Scripps Ranch Marketplace [Member] | |||
Business Acquisition [Line Items] | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 4,997 | ||
Off-Market Favorable Lease [Member] | Roosevelt Square [Member] | |||
Business Acquisition [Line Items] | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 3,842 | ||
Off-Market Favorable Lease [Member] | Rivertowns [Member] | |||
Business Acquisition [Line Items] | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 4,993 | ||
Off-Market Favorable Lease [Member] | Pablo Plaza [Member] | |||
Business Acquisition [Line Items] | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 0 | ||
Off-Market Favorable Lease [Member] | Village at Hunter's Lake [Member] | |||
Business Acquisition [Line Items] | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 0 | ||
Off-Market Favorable Lease [Member] | Carytown Exchange [Member] | |||
Business Acquisition [Line Items] | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | $ 264 | ||
Parent Company [Member] | |||
Business Acquisition [Line Items] | |||
Conversion of Stock, Conversion Ratio | 0.45 | ||
Stock Issued During Period, Shares, Acquisitions | shares | 65,500 | ||
Off-Market Lease, Unfavorable [Member] | |||
Business Acquisition [Line Items] | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | $ 7,422 | 17,562 | |
Off-Market Lease, Unfavorable [Member] | Hewlett Crossing I & II [Member] | |||
Business Acquisition [Line Items] | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 1,868 | ||
Off-Market Lease, Unfavorable [Member] | The Field at Commonwealth [Member] | |||
Business Acquisition [Line Items] | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 0 | ||
Off-Market Lease, Unfavorable [Member] | Pinecrest Place [Member] [Member] | |||
Business Acquisition [Line Items] | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 0 | ||
Off-Market Lease, Unfavorable [Member] | Mellody Farm [Member] | |||
Business Acquisition [Line Items] | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 0 | ||
Off-Market Lease, Unfavorable [Member] | Concord Outparcel [Member] | |||
Business Acquisition [Line Items] | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 0 | ||
Off-Market Lease, Unfavorable [Member] | Aventura Square Outparcel [Member] | |||
Business Acquisition [Line Items] | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 9 | ||
Off-Market Lease, Unfavorable [Member] | Indigo Square [Member] | |||
Business Acquisition [Line Items] | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 0 | ||
Off-Market Lease, Unfavorable [Member] | Scripps Ranch Marketplace [Member] | |||
Business Acquisition [Line Items] | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 9,551 | ||
Off-Market Lease, Unfavorable [Member] | Roosevelt Square [Member] | |||
Business Acquisition [Line Items] | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | $ 8,002 | ||
Off-Market Lease, Unfavorable [Member] | Rivertowns [Member] | |||
Business Acquisition [Line Items] | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 5,554 | ||
Off-Market Lease, Unfavorable [Member] | Pablo Plaza [Member] | |||
Business Acquisition [Line Items] | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 0 | ||
Off-Market Lease, Unfavorable [Member] | Village at Hunter's Lake [Member] | |||
Business Acquisition [Line Items] | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 0 | ||
Off-Market Lease, Unfavorable [Member] | Carytown Exchange [Member] | |||
Business Acquisition [Line Items] | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | $ 0 |
Real Estate Investments Proform
Real Estate Investments Proforma (Details) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Business Acquisition, Pro Forma Information [Line Items] | ||
Business Combination, Separately Recognized Transactions, Additional Disclosures, Acquisition Cost Expensed | $ 80,700 | $ 6,500 |
Document Fiscal Year Focus | 2,018 | |
Business Acquisition, Pro Forma Revenue | $ 1,052,221 | 1,006,367 |
Business Acquisition, Pro Forma Income (Loss) from Continuing Operations, Net of Tax | 281,393 | 63,907 |
Business Acquisition, Pro Forma Net Income (Loss) | $ 262,270 | $ 40,868 |
Business Acquisition, Pro Forma Earnings Per Share, Basic | $ 0.0154 | $ 0.0025 |
Business Acquisition, Pro Forma Earnings Per Share, Diluted | $ 0.0154 | $ 0.0025 |
Equity One Inc. [Member] | ||
Business Acquisition, Pro Forma Information [Line Items] | ||
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual | $ 337,761 | |
Business Combination, Pro Forma Information, Expenses of Acquiree since Acquisition Date, Actual | $ 81,766 |
Real Estate Investments Schedul
Real Estate Investments Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination (Details) - Equity One Inc. [Member] | Mar. 01, 2017 |
Leases, Acquired-in-Place [Member] | |
Acquired Finite-Lived Intangible Assets [Line Items] | |
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | 10 years 9 months 18 days |
Above Market Leases [Member] | |
Acquired Finite-Lived Intangible Assets [Line Items] | |
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | 7 years 9 months 18 days |
Below Market Ground Rent Lease [Member] [Member] | |
Acquired Finite-Lived Intangible Assets [Line Items] | |
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | 55 years 3 months 18 days |
Acquired Lease Intangible Liabilities [Member] | |
Acquired Finite-Lived Intangible Assets [Line Items] | |
Weighted Average Accretion Period of Intangible Liabilities | 24 years 10 months 24 days |
Dispositions (Details)
Dispositions (Details) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018USD ($)property | Dec. 31, 2017USD ($)property | Dec. 31, 2016USD ($)property | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||
Document Fiscal Year Focus | 2,018 | ||
Gain (Loss) on Sale of Properties, Net of Applicable Income Taxes | $ | $ 28,343 | $ 27,432 | $ 47,321 |
Impairment of Real Estate | $ | $ 31,041 | $ 0 | $ 1,700 |
Operating Segments [Member] | |||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||
Number of Real Estate Properties Sold | property | 10 | 6 | 11 |
Land [Member] | |||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||
Number of Real Estate Properties Sold | property | 9 | 9 | 16 |
Investments in Real Estate Pa_3
Investments in Real Estate Partnerships - Schedule of Investments in Real Estate Partnerships (Details) ratio in Thousands, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018USD ($)property | Dec. 31, 2017USD ($)property | Dec. 31, 2016USD ($) | |
Schedule of Equity Method Investments [Line Items] | |||
Real Estate Partnerships, Number of Properties | property | 120 | 115 | |
Investments in real estate partnerships | $ 463,001 | $ 386,304 | |
Total Assets of the Partnership | 3,227,831 | 2,885,720 | |
Net Income (Loss) of the Partnership | 129,085 | 139,958 | $ 161,047 |
Income (Loss) from Equity Method Investments | $ 42,974 | $ 43,341 | $ 56,518 |
GRI - Regency, LLC [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Ownership Percentage | 0.00% | 0.00% | |
Real Estate Partnerships, Number of Properties | property | 70 | 70 | |
Investments in real estate partnerships | $ 189,381 | $ 198,521 | |
Total Assets of the Partnership | 1,646,448 | 1,656,068 | |
Net Income (Loss) of the Partnership | 74,139 | 69,211 | |
Income (Loss) from Equity Method Investments | $ 29,614 | $ 27,440 | |
Macquarie Country Wide - Regency Iii, Llc [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Ownership Percentage | 0.00% | ||
Real Estate Partnerships, Number of Properties | property | 6 | ||
Investments in real estate partnerships | $ 53,277 | ||
Total Assets of the Partnership | 284,412 | ||
Net Income (Loss) of the Partnership | 2,757 | ||
Income (Loss) from Equity Method Investments | $ 686 | ||
Equity One JV Portfolio, LLC [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Ownership Percentage | 0.00% | ||
Real Estate Partnerships, Number of Properties | property | 6 | ||
Investments in real estate partnerships | $ 54,250 | ||
Total Assets of the Partnership | 277,626 | ||
Net Income (Loss) of the Partnership | 2,239 | ||
Income (Loss) from Equity Method Investments | $ 490 | ||
Columbia Regency Retail Partners, LLC [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Ownership Percentage | 0.00% | 0.00% | |
Real Estate Partnerships, Number of Properties | property | 7 | 6 | |
Investments in real estate partnerships | $ 13,625 | $ 7,057 | |
Total Assets of the Partnership | 141,807 | 130,836 | |
Net Income (Loss) of the Partnership | 6,650 | 18,233 | |
Income (Loss) from Equity Method Investments | $ 1,311 | $ 3,620 | |
Columbia Regency Partners II, LLC [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Ownership Percentage | 0.00% | 0.00% | |
Real Estate Partnerships, Number of Properties | property | 13 | 12 | |
Investments in real estate partnerships | $ 38,110 | $ 13,720 | |
Total Assets of the Partnership | 377,121 | 329,992 | |
Net Income (Loss) of the Partnership | 23,367 | 7,690 | |
Income (Loss) from Equity Method Investments | $ 4,673 | $ 1,530 | |
Cameron Village, LLC [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Ownership Percentage | 0.00% | 0.00% | |
Real Estate Partnerships, Number of Properties | property | 1 | 1 | |
Investments in real estate partnerships | $ 11,169 | $ 11,784 | |
Total Assets of the Partnership | 98,633 | 99,808 | |
Net Income (Loss) of the Partnership | 3,177 | 2,917 | |
Income (Loss) from Equity Method Investments | $ 943 | $ 850 | |
RegCal, LLC [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Ownership Percentage | 0.00% | 0.00% | |
Real Estate Partnerships, Number of Properties | property | 7 | 7 | |
Investments in real estate partnerships | $ 31,235 | $ 27,829 | |
Total Assets of the Partnership | 139,844 | 138,717 | |
Net Income (Loss) of the Partnership | 6,167 | 5,613 | |
Income (Loss) from Equity Method Investments | $ 1,542 | $ 1,403 | |
US Regency Retail 1, LLC [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Ownership Percentage | 0.00% | 0.00% | |
Real Estate Partnerships, Number of Properties | property | 7 | 7 | |
Investments in real estate partnerships | $ 0 | $ 0 | |
Total Assets of the Partnership | 89,524 | 90,900 | |
Net Income (Loss) of the Partnership | 4,685 | 22,299 | |
Income (Loss) from Equity Method Investments | $ 937 | $ 4,456 | |
Other Investments in Real Estate Partnerships [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Ownership Percentage | 0.00% | ||
Real Estate Partnerships, Number of Properties | 0 | 0 | |
Investments in real estate partnerships | $ 125,231 | $ 74,116 | |
Total Assets of the Partnership | 456,828 | 154,987 | |
Net Income (Loss) of the Partnership | 8,661 | 11,238 | |
Income (Loss) from Equity Method Investments | $ 3,464 | $ 3,356 | |
Minimum [Member] | Other Investments in Real Estate Partnerships [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Ownership Percentage | 0.00% | ||
Maximum [Member] | Other Investments in Real Estate Partnerships [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Ownership Percentage | 0.00% |
Investments in Real Estate Pa_4
Investments in Real Estate Partnerships - Balance Sheet Summarized Financial Information (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Schedule of Equity Method Investments [Line Items] | ||
Document Fiscal Year Focus | 2,018 | |
Investment in real estate, net | $ 3,001,481 | $ 2,682,578 |
Acquired lease intangible assets, net | 57,053 | 54,021 |
Other assets | 169,297 | 149,121 |
Total assets | 3,227,831 | 2,885,720 |
Notes payable | 1,609,647 | 1,514,729 |
Acquired lease intangible liabilities, net | 49,501 | 42,466 |
Other liabilities | 90,577 | 70,498 |
Capital - Regency | 498,852 | 445,068 |
Capital - Third parties | 979,254 | 812,959 |
Total liabilities and capital | 3,227,831 | 2,885,720 |
Investments in real estate partnerships (note 4) | 463,001 | 386,304 |
Impairment Losses Related to Real Estate Partnerships | (1,300) | (1,300) |
US Regency Retail 1, LLC [Member] | ||
Schedule of Equity Method Investments [Line Items] | ||
Total assets | 89,524 | 90,900 |
Investments in real estate partnerships (note 4) | 0 | 0 |
Basis Difference [Member] | ||
Schedule of Equity Method Investments [Line Items] | ||
Equity Method Investment, Difference Between Carrying Amount and Underlying Equity | (38,064) | (37,852) |
Restricted Gain Method Deferral [Member] | ||
Schedule of Equity Method Investments [Line Items] | ||
Equity Method Investment, Difference Between Carrying Amount and Underlying Equity | 0 | (30,902) |
Other Liabilities [Member] | US Regency Retail 1, LLC [Member] | ||
Schedule of Equity Method Investments [Line Items] | ||
Investments in real estate partnerships (note 4) | $ 3,513 | $ 11,290 |
Investments in Real Estate Pa_5
Investments in Real Estate Partnerships - Income Statment Summarized Financial Information (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Schedule of Equity Method Investments [Line Items] | |||
Document Fiscal Year Focus | 2,018 | ||
Revenues and expenses for the investments in real estate partnerships on a combined basis | |||
Total revenues | $ 414,631 | $ 396,596 | $ 364,087 |
Operating expenses: | |||
Depreciation and amortization | 99,847 | 99,327 | 99,252 |
Operating and maintenance | 66,299 | 58,283 | 52,725 |
General and administrative | 5,697 | 5,582 | 5,342 |
Real estate taxes | 54,119 | 49,904 | 42,813 |
Other expenses | 1,003 | 2,923 | 2,356 |
Total operating expenses | 226,965 | 216,019 | 202,488 |
Other expense (income): | |||
Interest expense, net | 73,508 | 73,244 | 69,193 |
Equity Method Investment, Summarized Financial Information, Gain Loss on Sale of Real Estate | 16,624 | 34,276 | 70,907 |
Loss (gain) on extinguishment of debt | 0 | 0 | 69 |
Other expense (income) | 1,697 | 1,651 | 2,197 |
Total other expense | 58,581 | 40,619 | 552 |
Net income (loss) | 129,085 | 139,958 | 161,047 |
Unconsolidated Properties [Member] | |||
Other expense (income): | |||
Income (Loss) from Equity Method Investments | $ 16,624 | $ 34,276 | $ 70,907 |
Investments in Real Estate Pa_6
Investments in Real Estate Partnerships - Schedule of Acquisitions by Real Estate Partnerships (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Business Acquisition [Line Items] | ||
Payments to Acquire Businesses, Gross | $ 116,239,000 | $ 191,384,000 |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | 9,700,000 | 27,000,000 |
Unconsolidated Properties [Member] | ||
Business Acquisition [Line Items] | ||
Payments to Acquire Businesses, Gross | 346,862,000 | 15,075,000 |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | $ 100,233,000 | $ 0 |
Unconsolidated Properties [Member] | Ballard Blocks I [Member] | ||
Business Acquisition [Line Items] | ||
Business Acquisition, Effective Date of Acquisition | Jan. 2, 2018 | |
Business Acquisition, Name of Acquired Entity | Ballard Blocks I | |
Business Acquisition Location, City and State | Seattle, WA | |
Business Acquisition, Description of Acquired Entity | Operating | |
Business Acquisition, Co-investment Partner | Other | |
Equity Method Investment, Ownership Percentage | 49.90% | |
Payments to Acquire Businesses, Gross | $ 54,500,000 | |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | $ 0 | |
Unconsolidated Properties [Member] | Ballard Blocks II [Member] | ||
Business Acquisition [Line Items] | ||
Business Acquisition, Effective Date of Acquisition | Jan. 2, 2018 | |
Business Acquisition, Name of Acquired Entity | Ballard Blocks II | |
Business Acquisition Location, City and State | Seattle, WA | |
Business Acquisition, Description of Acquired Entity | Development | |
Business Acquisition, Co-investment Partner | Other | |
Equity Method Investment, Ownership Percentage | 49.90% | |
Payments to Acquire Businesses, Gross | $ 4,000,000 | |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | $ 0 | |
Unconsolidated Properties [Member] | Metuchen [Member] | ||
Business Acquisition [Line Items] | ||
Business Acquisition, Effective Date of Acquisition | Jan. 5, 2018 | |
Business Acquisition, Name of Acquired Entity | The District at Metuchen | |
Business Acquisition Location, City and State | Metuchen, NJ | |
Business Acquisition, Description of Acquired Entity | Operating | |
Business Acquisition, Co-investment Partner | Columbia II | |
Equity Method Investment, Ownership Percentage | 20.00% | |
Payments to Acquire Businesses, Gross | $ 33,830,000 | |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | $ 0 | |
Unconsolidated Properties [Member] | Crossroad Commons II [Member] | ||
Business Acquisition [Line Items] | ||
Business Acquisition, Effective Date of Acquisition | May 18, 2018 | |
Business Acquisition, Name of Acquired Entity | Crossroads Commons II | |
Business Acquisition Location, City and State | Boulder, CO | |
Business Acquisition, Description of Acquired Entity | Operating | |
Business Acquisition, Co-investment Partner | Columbia I | |
Equity Method Investment, Ownership Percentage | 20.00% | |
Payments to Acquire Businesses, Gross | $ 10,500,000 | |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | $ 0 | |
Unconsolidated Properties [Member] | Ridgewood [Member] | ||
Business Acquisition [Line Items] | ||
Business Acquisition, Effective Date of Acquisition | Sep. 7, 2018 | |
Business Acquisition, Name of Acquired Entity | Ridgewood Shopping Center | |
Business Acquisition Location, City and State | Raleigh, NC | |
Business Acquisition, Description of Acquired Entity | Operating | |
Business Acquisition, Co-investment Partner | Columbia II | |
Equity Method Investment, Ownership Percentage | 20.00% | |
Payments to Acquire Businesses, Gross | $ 45,800,000 | |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | $ 10,233,000 | |
Unconsolidated Properties [Member] | Shoppes at Bartram Park [Member] | ||
Business Acquisition [Line Items] | ||
Business Acquisition, Effective Date of Acquisition | Dec. 17, 2018 | |
Business Acquisition, Name of Acquired Entity | Shoppes at Bartram Park | |
Business Acquisition Location, City and State | Jacksonville, FL | |
Business Acquisition, Description of Acquired Entity | Operating (1) | |
Business Acquisition, Co-investment Partner | Other | |
Equity Method Investment, Ownership Percentage | 50.00% | |
Payments to Acquire Businesses, Gross | $ 984,000 | |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | $ 0 | |
Unconsolidated Properties [Member] | Town and Country [Member] | ||
Business Acquisition [Line Items] | ||
Business Acquisition, Effective Date of Acquisition | Dec. 14, 2018 | |
Business Acquisition, Name of Acquired Entity | Town and Country Center | |
Business Acquisition Location, City and State | Los Angeles, CA | |
Business Acquisition, Description of Acquired Entity | Operating | |
Business Acquisition, Co-investment Partner | Other | |
Equity Method Investment, Ownership Percentage | 9.38% | |
Payments to Acquire Businesses, Gross | $ 197,248,000 | |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | 90,000,000 | |
Unconsolidated Properties [Member] | Midtown East [Member] | ||
Business Acquisition [Line Items] | ||
Business Acquisition, Effective Date of Acquisition | Oct. 11, 2017 | |
Business Acquisition, Name of Acquired Entity | Midtown East | |
Business Acquisition Location, City and State | Raleigh, NC | |
Business Acquisition, Description of Acquired Entity | Development | |
Business Acquisition, Co-investment Partner | Other | |
Equity Method Investment, Ownership Percentage | 50.00% | |
Payments to Acquire Businesses, Gross | $ 15,075,000 | |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | 0 | |
Off-Market Favorable Lease [Member] | ||
Business Acquisition [Line Items] | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 8,371,000 | 8,929,000 |
Off-Market Favorable Lease [Member] | Unconsolidated Properties [Member] | ||
Business Acquisition [Line Items] | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 13,889,000 | 0 |
Off-Market Favorable Lease [Member] | Unconsolidated Properties [Member] | Ballard Blocks I [Member] | ||
Business Acquisition [Line Items] | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 3,668,000 | |
Off-Market Favorable Lease [Member] | Unconsolidated Properties [Member] | Ballard Blocks II [Member] | ||
Business Acquisition [Line Items] | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 0 | |
Off-Market Favorable Lease [Member] | Unconsolidated Properties [Member] | Metuchen [Member] | ||
Business Acquisition [Line Items] | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 3,147,000 | |
Off-Market Favorable Lease [Member] | Unconsolidated Properties [Member] | Crossroad Commons II [Member] | ||
Business Acquisition [Line Items] | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 447,000 | |
Off-Market Favorable Lease [Member] | Unconsolidated Properties [Member] | Ridgewood [Member] | ||
Business Acquisition [Line Items] | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 3,372,000 | |
Off-Market Favorable Lease [Member] | Unconsolidated Properties [Member] | Shoppes at Bartram Park [Member] | ||
Business Acquisition [Line Items] | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 0 | |
Off-Market Favorable Lease [Member] | Unconsolidated Properties [Member] | Town and Country [Member] | ||
Business Acquisition [Line Items] | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 3,255,000 | |
Off-Market Favorable Lease [Member] | Unconsolidated Properties [Member] | Midtown East [Member] | ||
Business Acquisition [Line Items] | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 0 | |
Off-Market Lease, Unfavorable [Member] | ||
Business Acquisition [Line Items] | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 7,422,000 | 17,562,000 |
Off-Market Lease, Unfavorable [Member] | Unconsolidated Properties [Member] | ||
Business Acquisition [Line Items] | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 12,952,000 | 0 |
Off-Market Lease, Unfavorable [Member] | Unconsolidated Properties [Member] | Ballard Blocks I [Member] | ||
Business Acquisition [Line Items] | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 2,350,000 | |
Off-Market Lease, Unfavorable [Member] | Unconsolidated Properties [Member] | Ballard Blocks II [Member] | ||
Business Acquisition [Line Items] | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 0 | |
Off-Market Lease, Unfavorable [Member] | Unconsolidated Properties [Member] | Metuchen [Member] | ||
Business Acquisition [Line Items] | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 1,905,000 | |
Off-Market Lease, Unfavorable [Member] | Unconsolidated Properties [Member] | Crossroad Commons II [Member] | ||
Business Acquisition [Line Items] | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 769,000 | |
Off-Market Lease, Unfavorable [Member] | Unconsolidated Properties [Member] | Ridgewood [Member] | ||
Business Acquisition [Line Items] | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 2,278,000 | |
Off-Market Lease, Unfavorable [Member] | Unconsolidated Properties [Member] | Shoppes at Bartram Park [Member] | ||
Business Acquisition [Line Items] | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 0 | |
Off-Market Lease, Unfavorable [Member] | Unconsolidated Properties [Member] | Town and Country [Member] | ||
Business Acquisition [Line Items] | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | $ 5,650,000 | |
Off-Market Lease, Unfavorable [Member] | Unconsolidated Properties [Member] | Midtown East [Member] | ||
Business Acquisition [Line Items] | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | $ 0 |
Investments in Real Estate Pa_7
Investments in Real Estate Partnerships - Schedule of Dispositions (Details) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018USD ($)property | Dec. 31, 2017USD ($)property | Dec. 31, 2016USD ($)property | |
Unconsolidated Properties [Member] | |||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||
Proceeds from Sale of Equity Method Investments | $ | $ 27,144 | $ 73,122 | $ 174,090 |
Equity Method Investment, Realized Gain (Loss) on Disposal | $ | 16,624 | 34,276 | 70,907 |
Equity Method Investment, Realized Gain (Loss) on Disposal, Parent Company's Share | $ | $ 3,608 | $ 6,591 | $ 25,003 |
Operating Segments [Member] | |||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||
Number of Real Estate Properties Sold | 10 | 6 | 11 |
Operating Segments [Member] | Unconsolidated Properties [Member] | |||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||
Number of Real Estate Properties Sold | 1 | 3 | 10 |
Land [Member] | |||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||
Number of Real Estate Properties Sold | 9 | 9 | 16 |
Land [Member] | Unconsolidated Properties [Member] | |||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||
Number of Real Estate Properties Sold | 2 | 1 | 1 |
Investments in Real Estate Pa_8
Investments in Real Estate Partnerships - Scheduled Principal Payments (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Schedule of Equity Method Investments [Line Items] | ||
2,017 | $ 22,734 | |
2,018 | 389,867 | |
2,019 | 338,659 | |
2,020 | 727,646 | |
2,021 | 69,418 | |
Beyond 5 Years | 2,186,858 | |
Unamortized debt discounts (premiums) | (19,970) | |
Long-term Debt | 3,715,212 | $ 3,594,977 |
Mortgages [Member] | ||
Schedule of Equity Method Investments [Line Items] | ||
Long-term Debt | 403,306 | 520,193 |
Mortgages [Member] | Scheduled Principal Payments [Member] | ||
Schedule of Equity Method Investments [Line Items] | ||
2,017 | 9,518 | |
2,018 | 11,287 | |
2,019 | 11,599 | |
2,020 | 11,798 | |
2,021 | 10,043 | |
Beyond 5 Years | 27,013 | |
Unamortized debt discounts (premiums) | 0 | |
Long-term Debt | 81,258 | |
Mortgages [Member] | Mortgage Loan Maturities [Member] | ||
Schedule of Equity Method Investments [Line Items] | ||
2,017 | 13,216 | |
2,018 | 78,580 | |
2,019 | 77,060 | |
2,020 | 5,848 | |
2,021 | 59,375 | |
Beyond 5 Years | 209,845 | |
Unamortized debt discounts (premiums) | 5,974 | |
Long-term Debt | 449,898 | |
Unsecured Debt [Member] | ||
Schedule of Equity Method Investments [Line Items] | ||
Long-term Debt | 2,475,322 | $ 2,325,656 |
Unsecured Debt [Member] | Unsecured Maturities [Member] | ||
Schedule of Equity Method Investments [Line Items] | ||
2,017 | 0 | |
2,018 | 300,000 | |
2,019 | 250,000 | |
2,020 | 710,000 | |
2,021 | 0 | |
Beyond 5 Years | 1,950,000 | |
Unamortized debt discounts (premiums) | (25,944) | |
Long-term Debt | 3,184,056 | |
Unconsolidated Investments in Partnership [Member] | ||
Schedule of Equity Method Investments [Line Items] | ||
2,017 | 86,001 | |
2,018 | 343,626 | |
2,019 | 300,625 | |
2,020 | 178,513 | |
2,021 | 174,597 | |
Beyond 5 Years | 536,990 | |
Unamortized debt discounts (premiums) | (10,705) | |
Long-term Debt | 1,609,647 | |
Unconsolidated Investments in Partnership [Member] | Mortgages [Member] | Scheduled Principal Payments [Member] | ||
Schedule of Equity Method Investments [Line Items] | ||
2,017 | 20,062 | |
2,018 | 17,043 | |
2,019 | 11,048 | |
2,020 | 7,811 | |
2,021 | 2,989 | |
Beyond 5 Years | 7,353 | |
Unamortized debt discounts (premiums) | 0 | |
Long-term Debt | 66,306 | |
Unconsolidated Investments in Partnership [Member] | Mortgages [Member] | Mortgage Loan Maturities [Member] | ||
Schedule of Equity Method Investments [Line Items] | ||
2,017 | 65,939 | |
2,018 | 326,583 | |
2,019 | 269,942 | |
2,020 | 170,702 | |
2,021 | 171,608 | |
Beyond 5 Years | 529,637 | |
Unamortized debt discounts (premiums) | (10,705) | |
Long-term Debt | 1,523,706 | |
Unconsolidated Investments in Partnership [Member] | Unsecured Debt [Member] | Unsecured Maturities [Member] | ||
Schedule of Equity Method Investments [Line Items] | ||
2,017 | 0 | |
2,018 | 0 | |
2,019 | 19,635 | |
2,020 | 0 | |
2,021 | 0 | |
Beyond 5 Years | 0 | |
Unamortized debt discounts (premiums) | 0 | |
Long-term Debt | 19,635 | |
Unconsolidated Investments in Partnership, Pro-Rata Share [Member] [Member] | ||
Schedule of Equity Method Investments [Line Items] | ||
2,017 | 22,294 | |
2,018 | 101,841 | |
2,019 | 104,375 | |
2,020 | 68,417 | |
2,021 | 65,096 | |
Beyond 5 Years | 175,032 | |
Unamortized debt discounts (premiums) | (3,082) | |
Long-term Debt | $ 533,973 |
Investments in Real Estate Pa_9
Investments in Real Estate Partnerships - Related Party Revenue (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Related Party Transaction [Line Items] | |||
Document Fiscal Year Focus | 2,018 | ||
Revenue from Related Parties | $ 27,873 | $ 25,260 | $ 24,595 |
Acquired Leases Intangibles (De
Acquired Leases Intangibles (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Finite-Lived Intangible Assets [Line Items] | |||
Finite-Lived Intangible Assets, Gross | $ 606,758 | $ 627,106 | |
Accumulated amortization | (219,689) | (148,280) | |
Acquired lease intangible assets, net of amortization | 387,069 | 478,826 | |
Finite LIved Intangible Liabilities | 589,472 | 593,951 | |
Finite-Lived Intangible Liabilities, Accumulated Accretion | (92,746) | (56,550) | |
Finite-Lived Intangible Assets, Amortization Expense | 88,770 | 99,613 | $ 14,386 |
Acquired lease intangible liability accretion | 45,655 | 34,922 | 6,994 |
Off-Market Lease, Unfavorable [Member] | |||
Finite-Lived Intangible Assets [Line Items] | |||
Finite Lived Intangible Liabilities, Gross | 584,371 | 588,850 | |
Acquired lease intangible liability accretion | 45,561 | 34,786 | 6,827 |
Above Market Ground Rent Lease [Member] | |||
Finite-Lived Intangible Assets [Line Items] | |||
Finite Lived Intangible Liabilities, Gross | 5,101 | 5,101 | |
Above Market Leases [Member] | |||
Finite-Lived Intangible Assets [Line Items] | |||
Acquired lease intangible liability accretion | 94 | 136 | 167 |
In-place leases, net | |||
Finite-Lived Intangible Assets [Line Items] | |||
Finite-Lived Intangible Assets, Gross | 457,379 | 470,315 | |
Finite-Lived Intangible Assets, Amortization Expense | 76,649 | 88,284 | 11,533 |
Above Market Leases [Member] | |||
Finite-Lived Intangible Assets [Line Items] | |||
Finite-Lived Intangible Assets, Gross | 57,294 | 64,625 | |
Finite-Lived Intangible Assets, Amortization Expense | 10,433 | 9,443 | 1,742 |
Above-market ground leases, net | |||
Finite-Lived Intangible Assets [Line Items] | |||
Finite-Lived Intangible Assets, Gross | 92,085 | 92,166 | |
Finite-Lived Intangible Assets, Amortization Expense | 1,688 | 1,886 | $ 1,111 |
Partnership Interest [Member] | |||
Finite-Lived Intangible Assets [Line Items] | |||
Accumulated amortization | (219,689) | (148,280) | |
Acquired lease intangible assets, net of amortization | 387,069 | 478,826 | |
Off-market Lease, Unfavorable | $ 496,726 | $ 537,401 |
Acquired Lease Intangibles Sche
Acquired Lease Intangibles Schedule of Future Amortization Expense and Minimum Rent (Details) $ in Thousands | 12 Months Ended |
Dec. 31, 2018USD ($) | |
Amortization Expense [Abstract] | |
2,016 | $ 53,506 |
Future Accretion, Year Two | 26,646 |
2,017 | 40,528 |
Future Accretion, Year Three | 25,986 |
2,018 | 32,344 |
Future Accretion, Year Four | 24,239 |
2,019 | 24,692 |
Future Accretion, Year Five | 23,499 |
2,020 | 19,605 |
Net Accretion [Abstract] | |
2,016 | 27,768 |
Above/Below Market Ground Lease [Member] | |
Amortization Expense [Abstract] | |
2,016 | 1,554 |
2,017 | 1,554 |
2,018 | 1,554 |
2,019 | 1,554 |
2,020 | $ 1,554 |
Income Taxes - Tax Status of Di
Income Taxes - Tax Status of Dividends (Details) - $ / shares | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Schedule of Tax Status of Dividends [Line Items] | |||
Document Fiscal Year Focus | 2,018 | ||
Ordinary income | 98.00% | 86.00% | 53.00% |
Capital gain | 0.00% | 10.00% | 8.00% |
Return of capital | 0.00% | 4.00% | 39.00% |
Allocation of Dividends, Qualified Dividend Income | 2.00% | 0.00% | 0.00% |
Allocation of Dividends, Section 199A Dividend | 98.00% | 0.00% | 0.00% |
Parent Company [Member] | |||
Schedule of Tax Status of Dividends [Line Items] | |||
Dividend per share | $ 2.22 | $ 2.10 | $ 2 |
Income Taxes - Tax Reconciliati
Income Taxes - Tax Reconciliation (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Schedule of Income Tax Rate Reconciliation [Line Items] | |||
Document Fiscal Year Focus | 2,018 | ||
Computed expected tax expense (benefit) | $ (584) | $ 1,190 | $ 933 |
State income tax, net of federal benefit | 636 | 108 | 56 |
Valuation allowance | (392) | (1,512) | (1,239) |
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Amount | 0 | 9,737 | 0 |
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount | 1,067 | 0 | 0 |
All other items | (205) | 304 | 97 |
Federal Income Tax Expense (Benefit), Continuing Operations | $ 522 | $ (9,647) | $ (153) |
Income Taxes - Deferred Taxes (
Income Taxes - Deferred Taxes (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Deferred Tax Assets, Net [Abstract] | ||
Provision for impairment | $ 3,785 | $ 3,785 |
Deferred interest expense | 2,617 | 2,754 |
Capitalized costs under Section 263A | (713) | (729) |
Operating Loss Carryforwards | 166 | 373 |
Other | 2,123 | 2,297 |
Deferred tax assets | 9,404 | 9,938 |
Valuation allowance | (7,907) | (8,300) |
Deferred tax assets, net | 1,497 | 1,638 |
Deferred Tax Liabilities, Net [Abstract] | ||
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Deferred Rent | (565) | (528) |
Fixed assets | (14,829) | (19,757) |
Deferred Tax Liabilities, Other | 0 | (7) |
Deferred tax liabilities | (15,394) | (20,292) |
Net deferred tax liabilities | $ (13,897) | $ (18,654) |
Income Taxes Income Taxes - Inc
Income Taxes Income Taxes - Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Schedule of Components of Income Tax Expense (Benefit) [Line Items] | |||
Current Income Tax Expense (Benefit) | $ 5,667 | $ 1,168 | $ (153) |
Deferred Income Tax Expense (Benefit) | (5,145) | (10,815) | 0 |
Federal Income Tax Expense (Benefit), Continuing Operations | $ 522 | $ (9,647) | $ (153) |
Notes Payable and Unsecured C_3
Notes Payable and Unsecured Credit Facilities (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Debt Instrument [Line Items] | ||
Long-term Debt | $ 3,715,212 | $ 3,594,977 |
Line of Credit Facility, Interest Rate Description | LIBOR plus 0.875% | |
Debt Instrument, Interest Rate Terms | LIBOR plus 0.95% | |
Maturities of Long-term Debt [Abstract] | ||
2,017 | $ 22,734 | |
2,018 | 389,867 | |
2,019 | 338,659 | |
2,020 | 727,646 | |
2,021 | 69,418 | |
Beyond 5 Years | 2,186,858 | |
Unamortized debt discounts (premiums) | $ (19,970) | |
Line of Credit Facility, Commitment Fee Amount | 0.15% | |
Accordion Feature [Member] | ||
Debt Instrument [Line Items] | ||
Line of Credit Facility, Maximum Borrowing Capacity | $ 1,250,000 | |
Contractual Rate [Member] | Line of Credit [Member] | ||
Debt Instrument [Line Items] | ||
Debt, Weighted Average Interest Rate | 3.40% | |
Contractual Rate [Member] | Revolving Credit Facility [Member] | ||
Debt Instrument [Line Items] | ||
Debt, Weighted Average Interest Rate | 2.40% | |
Effective Rate [Member] | Line of Credit [Member] | ||
Debt Instrument [Line Items] | ||
Debt Instrument, Interest Rate, Effective Percentage | 3.50% | |
Effective Rate [Member] | Revolving Credit Facility [Member] | ||
Debt Instrument [Line Items] | ||
Debt Instrument, Interest Rate, Effective Percentage | 2.50% | |
Fixed Rate Mortgage Loans [Member] | Contractual Rate [Member] | ||
Debt Instrument [Line Items] | ||
Debt, Weighted Average Interest Rate | 4.80% | |
Fixed Rate Mortgage Loans [Member] | Effective Rate [Member] | ||
Debt Instrument [Line Items] | ||
Debt Instrument, Interest Rate, Effective Percentage | 4.30% | |
Mortgages [Member] | ||
Debt Instrument [Line Items] | ||
Long-term Debt, Maturity Date | Oct. 1, 2036 | |
Long-term Debt | $ 403,306 | 520,193 |
Mortgages [Member] | Scheduled Principal Payments [Member] | ||
Debt Instrument [Line Items] | ||
Long-term Debt | 81,258 | |
Maturities of Long-term Debt [Abstract] | ||
2,017 | 9,518 | |
2,018 | 11,287 | |
2,019 | 11,599 | |
2,020 | 11,798 | |
2,021 | 10,043 | |
Beyond 5 Years | 27,013 | |
Unamortized debt discounts (premiums) | 0 | |
Mortgages [Member] | Mortgage Loan Maturities [Member] | ||
Debt Instrument [Line Items] | ||
Long-term Debt | 449,898 | |
Maturities of Long-term Debt [Abstract] | ||
2,017 | 13,216 | |
2,018 | 78,580 | |
2,019 | 77,060 | |
2,020 | 5,848 | |
2,021 | 59,375 | |
Beyond 5 Years | 209,845 | |
Unamortized debt discounts (premiums) | $ 5,974 | |
Mortgages [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||
Debt Instrument [Line Items] | ||
Long-term Debt, Maturity Date | Jun. 2, 2027 | |
Long-term Debt | $ 127,850 | 125,866 |
Variable Rate Mortgage Loans [Member] | Contractual Rate [Member] | ||
Debt Instrument [Line Items] | ||
Debt, Weighted Average Interest Rate | 3.50% | |
Variable Rate Mortgage Loans [Member] | Effective Rate [Member] | ||
Debt Instrument [Line Items] | ||
Debt Instrument, Interest Rate, Effective Percentage | 3.70% | |
Notes Payable to Banks [Member] | ||
Debt Instrument [Line Items] | ||
Long-term Debt | $ 3,006,478 | 2,971,715 |
Unsecured Debt [Member] | ||
Debt Instrument [Line Items] | ||
Long-term Debt, Maturity Date | Feb. 1, 2047 | |
Long-term Debt | $ 2,475,322 | 2,325,656 |
Long-term Line of Credit | 708,734 | 623,262 |
Unsecured Debt [Member] | Unsecured Maturities [Member] | ||
Debt Instrument [Line Items] | ||
Long-term Debt | 3,184,056 | |
Maturities of Long-term Debt [Abstract] | ||
2,017 | 0 | |
2,018 | 300,000 | |
2,019 | 250,000 | |
2,020 | 710,000 | |
2,021 | 0 | |
Beyond 5 Years | 1,950,000 | |
Unamortized debt discounts (premiums) | $ (25,944) | |
Unsecured Debt [Member] | Line of Credit [Member] | ||
Debt Instrument [Line Items] | ||
Line of Credit Facility, Expiration Date | Mar. 23, 2022 | |
Long-term Line of Credit | $ 145,000 | 60,000 |
Unsecured Debt [Member] | Revolving Credit Facility [Member] | ||
Debt Instrument [Line Items] | ||
Line of Credit Facility, Expiration Date | Jan. 5, 2022 | |
Long-term Line of Credit | $ 563,734 | $ 563,262 |
Unsecured Debt [Member] | Contractual Rate [Member] | ||
Debt Instrument [Line Items] | ||
Debt, Weighted Average Interest Rate | 4.00% | |
Unsecured Debt [Member] | Effective Rate [Member] | ||
Debt Instrument [Line Items] | ||
Debt Instrument, Interest Rate, Effective Percentage | 4.40% |
Derivative Financial Instrume_3
Derivative Financial Instruments - Fair Value of Derivatives (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Derivatives, Fair Value [Line Items] | ||
Document Fiscal Year Focus | 2,018 | |
Treasury Lock [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Derivative, Inception Date | Dec. 6, 2018 | |
Derivative, Maturity Date | Jun. 28, 2019 | |
Derivative, Notional Amount | $ 250,000 | |
Derivative, Underlying Basis | 30 year U.S. Treasury | |
Derivative, Fixed Interest Rate | 3.14667% | |
Interest Rate Cash Flow Hedge Asset at Fair Value | $ (5,491) | $ 0 |
Derivative @ 1.824% 300M [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Derivative, Inception Date | Apr. 3, 2017 | |
Derivative, Maturity Date | Dec. 2, 2020 | |
Derivative, Notional Amount | $ 300,000 | |
Derivative, Underlying Basis | 1 Month LIBOR with Floor | |
Derivative, Fixed Interest Rate | 1.824% | |
Interest Rate Cash Flow Hedge Asset at Fair Value | $ (3,759) | (1,804) |
Derivative @ 1.053% 265M [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Derivative, Inception Date | Aug. 1, 2016 | |
Derivative, Maturity Date | Jan. 5, 2022 | |
Derivative, Notional Amount | $ 265,000 | |
Derivative, Underlying Basis | 1 Month LIBOR with Floor | |
Derivative, Fixed Interest Rate | 1.053% | |
Interest Rate Cash Flow Hedge Asset at Fair Value | $ (10,838) | (10,744) |
Derivative @ 1.30250% 20.0M [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Derivative, Inception Date | Apr. 7, 2016 | |
Derivative, Maturity Date | Apr. 1, 2023 | |
Derivative, Notional Amount | $ 20,000 | |
Derivative, Underlying Basis | 1 Month LIBOR | |
Derivative, Fixed Interest Rate | 1.3025% | |
Interest Rate Cash Flow Hedge Asset at Fair Value | $ (880) | (801) |
Derivative @ 1.490% 33.0M [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Derivative, Inception Date | Dec. 1, 2016 | |
Derivative, Maturity Date | Nov. 1, 2023 | |
Derivative, Notional Amount | $ 33,000 | |
Derivative, Underlying Basis | 1 Month LIBOR | |
Derivative, Fixed Interest Rate | 1.49% | |
Interest Rate Cash Flow Hedge Asset at Fair Value | $ (1,376) | (1,166) |
Derivative @ 2.36600% 37.5K [Member] [Domain] | ||
Derivatives, Fair Value [Line Items] | ||
Derivative, Inception Date | Jun. 2, 2017 | |
Derivative, Maturity Date | Jun. 2, 2027 | |
Derivative, Notional Amount | $ 37,500 | |
Derivative, Underlying Basis | 1 Month LIBOR with Floor | |
Derivative, Fixed Interest Rate | 2.366% | |
Interest Rate Cash Flow Hedge Liability at Fair Value | $ 629 | 177 |
Fair Value, Measurements, Recurring [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Interest Rate Cash Flow Hedge Asset at Fair Value | (17,482) | (14,515) |
Interest Rate Cash Flow Hedge Liability at Fair Value | 5,491 | 177 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Interest Rate Cash Flow Hedge Asset at Fair Value | (17,482) | (14,515) |
Interest Rate Cash Flow Hedge Liability at Fair Value | 5,491 | 177 |
Interest Rate Cash Flow Hedge Derivative at Fair Value, Net | $ (11,991) | $ 14,338 |
Derivative Financial Instrume_4
Derivative Financial Instruments - Derivative Gains (Losses) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Derivative Instruments, Gain (Loss) [Line Items] | |||
Document Fiscal Year Focus | 2,018 | ||
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax | $ 0 | $ 0 | $ (20,945) |
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | 0 | 0 | (40,586) |
Cash Flow Hedging [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax | 402 | 1,151 | 10,613 |
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | (5,342) | (11,103) | (10,553) |
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net | $ (148,456) | $ (132,629) | $ (90,712) |
Derivative Financial Instrume_5
Derivative Financial Instruments - Additional Information (Details) | 12 Months Ended |
Dec. 31, 2018USD ($) | |
Derivative [Line Items] | |
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months | $ 867,000 |
Swap [Member] | |
Derivative [Line Items] | |
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months | $ 7,400,000 |
Fair Value Measurements - Fair
Fair Value Measurements - Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Document Fiscal Year Focus | 2,018 | |
Financing Receivable, Net | $ 0 | $ 15,803 |
Notes Payable | 3,006,478 | 2,971,715 |
Unsecured Debt | 708,734 | 623,262 |
Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Notes Receivable, Fair Value | 0 | 15,660 |
Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Notes Payable, Fair Value | 2,961,769 | 3,058,044 |
Fair Value, Inputs, Level 2 [Member] | Unsecured Credit Facilities [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Debt Instrument, Fair Value Disclosure | $ 710,902 | $ 625,000 |
Fair Value Measurements - Recur
Fair Value Measurements - Recurring and Nonrecurring Basis (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Impairment of Real Estate | $ (31,041) | $ 0 | $ (1,700) |
Fair Value, Measurements, Nonrecurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Total | 42,760 | ||
Impairment of Real Estate | (6,579) | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Total | 0 | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Total | 42,760 | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Total | 0 | ||
Fair Value, Measurements, Recurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Trading Securities, Fair Value Disclosure | 33,354 | 31,662 | |
Available-for-sale Securities | 7,933 | 9,974 | |
Interest Rate Cash Flow Hedge Asset at Fair Value | 17,482 | 14,515 | |
Total | 58,769 | 56,151 | |
Interest Rate Cash Flow Hedge Liability at Fair Value | (5,491) | (177) | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Trading Securities, Fair Value Disclosure | 33,354 | 31,662 | |
Available-for-sale Securities | 0 | 0 | |
Interest Rate Cash Flow Hedge Asset at Fair Value | 0 | 0 | |
Total | 33,354 | 31,662 | |
Interest Rate Cash Flow Hedge Liability at Fair Value | 0 | 0 | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Trading Securities, Fair Value Disclosure | 0 | 0 | |
Available-for-sale Securities | 7,933 | 9,974 | |
Interest Rate Cash Flow Hedge Asset at Fair Value | 17,482 | 14,515 | |
Total | 25,415 | 24,489 | |
Interest Rate Cash Flow Hedge Liability at Fair Value | (5,491) | (177) | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Trading Securities, Fair Value Disclosure | 0 | 0 | |
Available-for-sale Securities | 0 | 0 | |
Interest Rate Cash Flow Hedge Asset at Fair Value | 0 | 0 | |
Total | 0 | 0 | |
Interest Rate Cash Flow Hedge Liability at Fair Value | $ 0 | $ 0 |
Equity and Capital - Terms and
Equity and Capital - Terms and Conditions of Preferred and Common Stock (Details) | 1 Months Ended | 12 Months Ended | 24 Months Ended | |||||
Feb. 26, 2018USD ($) | Feb. 04, 2020 | Dec. 31, 2018USD ($)shares | Dec. 31, 2017USD ($)shares | Dec. 31, 2016USD ($) | Feb. 06, 2020 | Feb. 05, 2019USD ($) | Feb. 07, 2018USD ($) | |
Class of Stock [Line Items] | ||||||||
Amount avaiable for issuance | $ 500,000,000 | |||||||
Document Fiscal Year Focus | 2,018 | |||||||
Stock Repurchase Program, Number of Shares Authorized to be Repurchased | $ 250,000,000 | |||||||
Stock Repurchase Program Expiration Date | Feb. 6, 2020 | |||||||
Stock Repurchased During Period, Value | $ 246,500,000 | |||||||
Partnership Interest [Member] | ||||||||
Class of Stock [Line Items] | ||||||||
Preferred Stock, Shares Issued | shares | 0 | 0 | ||||||
Parent Company [Member] | ||||||||
Class of Stock [Line Items] | ||||||||
Preferred Stock, Shares Issued | shares | 0 | 0 | ||||||
Net proceeds from common stock issuance | $ 0 | $ 88,458,000 | $ 548,920,000 | |||||
Conversion of Stock, Conversion Ratio | 0.45 | |||||||
Stock Issued During Period, Shares, Acquisitions | shares | 65,500,000 | |||||||
Maximum [Member] | ||||||||
Class of Stock [Line Items] | ||||||||
Amount avaiable for issuance | $ 500,000,000 | |||||||
Subsequent Event [Member] | ||||||||
Class of Stock [Line Items] | ||||||||
Stock Repurchase Program, Number of Shares Authorized to be Repurchased | $ 250,000,000 | |||||||
Stock Repurchase Program Expiration Date | Feb. 4, 2020 |
Equity and Capital - Noncontrol
Equity and Capital - Noncontrolling Interest of Limited Partners (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Limited Partners' Capital Account [Line Items] | |||
Document Fiscal Year Focus | 2,018 | ||
General Partners' Capital Account, Units Outstanding | 167,904,593 | 171,365,000 | |
Limited Partners' Capital Account, Units Outstanding | 350,000 | 350,000 | |
Partners' Capital Account, Units | 168,254,495 | 171,715,000 | |
Parent Company, Ownership Percentage of Outstanding Common Partnership Units of Operating Partnership | 99.80% | 99.80% | |
Parent Company [Member] | |||
Limited Partners' Capital Account [Line Items] | |||
Partners' Capital Account, Contributions | $ 13,000 | $ 13,478 | $ 8,760 |
Parent Company [Member] | Noncontrolling Interest Exchangeable Operating Partnership Units [Member] | |||
Limited Partners' Capital Account [Line Items] | |||
Partners' Capital Account, Contributions | $ 0 | $ 13,100 | $ 0 |
Equity and Capital - Accumulate
Equity and Capital - Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Document Fiscal Year Focus | 2,018 | ||
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets | $ 12 | ||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | $ 5,314 | 10,931 | $ 50,910 |
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | |||
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning of Period | (6,262) | (18,327) | (58,650) |
Other Comprehensive Income (Loss), before Reclassifications, before Tax | 131 | 1,134 | (10,587) |
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 5,314 | 10,931 | 50,910 |
Current period other comprehensive income, net | 5,445 | 12,065 | 40,323 |
Accumulated Other Comprehensive Income (Loss), Net of Tax, End of Period | (805) | (6,262) | (18,327) |
Accumulated Net Unrealized Investment Gain (Loss) [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets | 0 | ||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 0 | 0 | 0 |
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | |||
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning of Period | (27) | (19) | (43) |
Other Comprehensive Income (Loss), before Reclassifications, before Tax | (95) | (8) | 24 |
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 0 | 0 | 0 |
Current period other comprehensive income, net | (95) | (8) | 24 |
Accumulated Other Comprehensive Income (Loss), Net of Tax, End of Period | (122) | (27) | (19) |
Accumulated Other Comprehensive Income (Loss) [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets | 12 | ||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 5,314 | 10,931 | 50,910 |
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | |||
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning of Period | (6,289) | (18,346) | (58,693) |
Other Comprehensive Income (Loss), before Reclassifications, before Tax | 36 | 1,126 | (10,563) |
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 5,314 | 10,931 | 50,910 |
Current period other comprehensive income, net | 5,350 | 12,057 | 40,347 |
Accumulated Other Comprehensive Income (Loss), Net of Tax, End of Period | (927) | (6,289) | (18,346) |
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Noncontrolling Interest [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets | 2 | ||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 28 | 172 | 229 |
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | |||
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning of Period | (112) | (301) | (785) |
Other Comprehensive Income (Loss), before Reclassifications, before Tax | 271 | 17 | 255 |
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 28 | 172 | 229 |
Current period other comprehensive income, net | 299 | 189 | 484 |
Accumulated Other Comprehensive Income (Loss), Net of Tax, End of Period | 189 | (112) | (301) |
Accumulated Net Investment Gain (Loss) Attributable to Noncontrolling Interest [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets | 0 | ||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 0 | 0 | 0 |
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | |||
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning of Period | 0 | 0 | 0 |
Other Comprehensive Income (Loss), before Reclassifications, before Tax | 0 | 0 | 0 |
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 0 | 0 | 0 |
Current period other comprehensive income, net | 0 | 0 | 0 |
Accumulated Other Comprehensive Income (Loss), Net of Tax, End of Period | 0 | 0 | 0 |
AOCI Attributable to Noncontrolling Interest [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets | 2 | ||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 28 | 172 | 229 |
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | |||
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning of Period | (112) | (301) | (785) |
Other Comprehensive Income (Loss), before Reclassifications, before Tax | 271 | 17 | 255 |
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 28 | 172 | 229 |
Current period other comprehensive income, net | 299 | 189 | 484 |
Accumulated Other Comprehensive Income (Loss), Net of Tax, End of Period | 189 | (112) | (301) |
AOCI Including Portion Attributable to Noncontrolling Interest [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets | 14 | ||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 5,342 | 11,103 | 51,139 |
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | |||
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning of Period | (6,401) | (18,647) | (59,478) |
Other Comprehensive Income (Loss), before Reclassifications, before Tax | 307 | 1,143 | (10,308) |
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 5,342 | 11,103 | 51,139 |
Current period other comprehensive income, net | 5,649 | 12,246 | 40,831 |
Accumulated Other Comprehensive Income (Loss), Net of Tax, End of Period | (738) | (6,401) | $ (18,647) |
Accounting Standards Update 2017-12 [Member] | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | |||
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning of Period | (6,250) | ||
Accumulated Other Comprehensive Income (Loss), Net of Tax, End of Period | (6,250) | ||
Accounting Standards Update 2017-12 [Member] | Accumulated Net Unrealized Investment Gain (Loss) [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | |||
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning of Period | (27) | ||
Accumulated Other Comprehensive Income (Loss), Net of Tax, End of Period | (27) | ||
Accounting Standards Update 2017-12 [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | |||
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning of Period | (6,277) | ||
Accumulated Other Comprehensive Income (Loss), Net of Tax, End of Period | (6,277) | ||
Accounting Standards Update 2017-12 [Member] | Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Noncontrolling Interest [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | |||
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning of Period | (110) | ||
Accumulated Other Comprehensive Income (Loss), Net of Tax, End of Period | (110) | ||
Accounting Standards Update 2017-12 [Member] | Accumulated Net Investment Gain (Loss) Attributable to Noncontrolling Interest [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | |||
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning of Period | 0 | ||
Accumulated Other Comprehensive Income (Loss), Net of Tax, End of Period | 0 | ||
Accounting Standards Update 2017-12 [Member] | AOCI Attributable to Noncontrolling Interest [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | |||
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning of Period | (110) | ||
Accumulated Other Comprehensive Income (Loss), Net of Tax, End of Period | (110) | ||
Accounting Standards Update 2017-12 [Member] | AOCI Including Portion Attributable to Noncontrolling Interest [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | |||
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning of Period | $ (6,387) | ||
Accumulated Other Comprehensive Income (Loss), Net of Tax, End of Period | $ (6,387) |
Earnings per Share and Unit (De
Earnings per Share and Unit (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items] | |||||||||||
Gain (Loss) on Sale of Properties, Net of Applicable Income Taxes | $ 28,343 | $ 27,432 | $ 47,321 | ||||||||
Document Fiscal Year Focus | 2,018 | ||||||||||
Numerator [Abstract] | |||||||||||
Net income (loss) attributable to common stockholders | $ 78,904 | $ 69,722 | $ 47,841 | $ 52,660 | $ 85,138 | $ 59,666 | $ 48,368 | $ (33,223) | |||
Income per common share - basic (note 13): | |||||||||||
Continuing operations (in dollars per share) | $ 0.47 | $ 0.41 | $ 0.28 | $ 0.31 | $ 0.50 | $ 0.35 | $ 0.28 | $ (0.26) | |||
Income per common share - diluted (note 13): | |||||||||||
Continuing operations (in dollars per share) | $ 0.50 | $ 0.35 | $ 0.28 | $ (0.26) | |||||||
Earnings Per Common Unit - Diluted [Abstract] | |||||||||||
Weighted Average Limited Partnership Units Outstanding, Basic | 349,902 | 295,054 | 154,170 | ||||||||
Parent Company [Member] | |||||||||||
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items] | |||||||||||
Gain (Loss) on Sale of Properties, Net of Applicable Income Taxes | $ 28,343 | $ 27,432 | $ 47,321 | ||||||||
Numerator [Abstract] | |||||||||||
Net income (loss) attributable to common stockholders | $ 249,127 | $ 159,949 | $ 143,860 | ||||||||
Denominator [Abstract] | |||||||||||
Weighted average common shares/units outstanding for basic EPS/EPU | 169,724,000 | 159,536,000 | 100,863,000 | ||||||||
Income per common share - basic (note 13): | |||||||||||
Continuing operations (in dollars per share) | $ 1.47 | $ 1 | $ 1.43 | ||||||||
Income per common share - diluted (note 13): | |||||||||||
Continuing operations (in dollars per share) | $ 1.46 | $ 1 | $ 1.42 | ||||||||
Earnings Per Common Unit - Diluted [Abstract] | |||||||||||
Weighted average common shares outstanding for diluted EPS (1) | 170,100,000 | 159,960,000 | 101,285,000 | ||||||||
Partnership Interest [Member] | |||||||||||
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items] | |||||||||||
Gain (Loss) on Sale of Properties, Net of Applicable Income Taxes | $ 28,343 | $ 27,432 | $ 47,321 | ||||||||
Denominator [Abstract] | |||||||||||
Weighted average common shares/units outstanding for basic EPS/EPU | 170,074,000 | 159,831,000 | 101,017,000 | ||||||||
Income per common share - basic (note 13): | |||||||||||
Continuing operations (in dollars per share) | $ 1.47 | $ 1 | $ 1.43 | ||||||||
Income per common share - diluted (note 13): | |||||||||||
Continuing operations (in dollars per share) | 1.46 | 1 | 1.42 | ||||||||
Earnings Per Common Unit, Basic [Abstract] | |||||||||||
Continuing operations (in dollars per share) | 1.47 | 1 | 1.43 | ||||||||
Earnings Per Common Unit - Diluted [Abstract] | |||||||||||
Continuing operations (in dollars per share) | $ 1.46 | $ 1 | $ 1.42 | ||||||||
Weighted average common shares outstanding for diluted EPS (1) | 170,450,000 | 160,255,000 | 101,439,000 | ||||||||
Continuing operations | Parent Company [Member] | |||||||||||
Numerator [Abstract] | |||||||||||
Net income (loss) attributable to common stockholders | $ 249,127 | $ 159,949 | $ 143,860 | ||||||||
Earnings Per Common Unit - Diluted [Abstract] | |||||||||||
Net Income (Loss) Available to Common Stockholders, Diluted | 249,127 | 159,949 | 143,860 | ||||||||
Continuing operations | Partnership Interest [Member] | |||||||||||
Numerator [Abstract] | |||||||||||
Net income (loss) attributable to common stockholders | 249,652 | 160,337 | 144,117 | ||||||||
Earnings Per Common Unit - Diluted [Abstract] | |||||||||||
Net Income (Loss) Available to Common Stockholders, Diluted | $ 249,652 | $ 160,337 | $ 144,117 |
Operating Leases - Lessor (Deta
Operating Leases - Lessor (Details) | 12 Months Ended | ||
Dec. 31, 2018USD ($)ft²employees | Dec. 31, 2017USD ($) | Dec. 31, 2016USD ($) | |
Operating Leases, Future Minimum Payments Receivable [Abstract] | |||
2,017 | $ 761,151 | ||
2,018 | 693,848 | ||
2,019 | 608,587 | ||
2,020 | 516,369 | ||
2,021 | 414,424 | ||
Thereafter | 1,691,203 | ||
Total | $ 4,685,582 | ||
Operating Leased Assets [Line Items] | |||
Customer Concentration Risk - Number | employees | 0 | ||
Concentration Risk, Percentage | 18.00% | ||
Ground Lease Expiration Date | 2,101 | ||
Office Lease Expiration Date | 2,029 | ||
Operating leases expenses | $ 19,100,000 | $ 18,400,000 | $ 13,100,000 |
Minimum [Member] | |||
Operating Leased Assets [Line Items] | |||
Operating leases, lease year range | 3 years | ||
Operating leases, lease year range for tenant space greater than 10,000 sq ft | 5 years | ||
Maximum [Member] | |||
Operating Leased Assets [Line Items] | |||
Operating leases, lease year range | 7 years | ||
Concentration Risk, Percentage | 5.00% | ||
Leases less than 10,000 sqft [Member] | |||
Operating Leased Assets [Line Items] | |||
Operating leases, tenant space terms | ft² | 10,000 | ||
Leases greater then 10,000sqft [Member] | |||
Operating Leased Assets [Line Items] | |||
Operating leases, tenant space terms | ft² | 10,000 |
Operating Leases - Lessee (Deta
Operating Leases - Lessee (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Operating Leases, Future Minimum Payments Due [Abstract] | |||
2,017 | $ 15,077 | ||
2,018 | 14,733 | ||
2,019 | 13,893 | ||
2,020 | 13,151 | ||
2,021 | 12,558 | ||
Thereafter | 467,706 | ||
Total | $ 537,118 | ||
Operating Leased Assets [Line Items] | |||
Office Lease Expiration Date | 2,029 | ||
Operating leases expenses | $ 19,100,000 | $ 18,400,000 | $ 13,100,000 |
Commitments and Contingencies L
Commitments and Contingencies Letters of Credit (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Line of Credit Facility [Line Items] | ||
Letters of Credit Outstanding, Amount | $ 9.4 | $ 9.4 |
Letter of Credit [Member] | ||
Line of Credit Facility [Line Items] | ||
Line of Credit Facility, Maximum Borrowing Capacity | $ 50 |
Commitments and Contingencies P
Commitments and Contingencies Purchase Commitments (Details) | 12 Months Ended |
Dec. 31, 2018 | |
Long-term Purchase Commitment [Line Items] | |
Long-term Purchase Commitment, Description | December 2,019 |
Maximum [Member] | |
Long-term Purchase Commitment [Line Items] | |
Noncontrolling Interest, Ownership Percentage by Parent | 90.60% |
Minimum [Member] | |
Long-term Purchase Commitment [Line Items] | |
Noncontrolling Interest, Ownership Percentage by Parent | 25.60% |
Summary of Quarterly Financia_3
Summary of Quarterly Financial Data (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | |||||||
Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | |
Revenues included in Discontinued Operations | $ 284,560 | $ 278,310 | $ 281,412 | $ 276,693 | $ 264,749 | $ 262,141 | $ 261,305 | $ 196,131 |
Noncontrolling Interest in Net Income (Loss) Operating Partnerships, Nonredeemable | 167 | 147 | 100 | 111 | 171 | 132 | 104 | (19) |
Net Income (Loss) Allocated to General Partners | $ 79,071 | $ 69,869 | $ 47,941 | $ 52,771 | $ 85,309 | $ 59,798 | $ 48,472 | $ (33,242) |
Income (Loss) from Continuing Operations, Per Basic Share | $ 0.47 | $ 0.41 | $ 0.28 | $ 0.31 | $ 0.50 | $ 0.35 | $ 0.28 | $ (0.26) |
Earnings Per Share, Diluted | $ 0.46 | $ 0.41 | $ 0.28 | $ 0.31 | ||||
Income (Loss) from Continuing Operations, Per Diluted Share | $ 0.50 | $ 0.35 | $ 0.28 | $ (0.26) |
Subsequent Events (Details)
Subsequent Events (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 12 Months Ended | ||||||||||
Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Mar. 01, 2017 | |
Subsequent Event [Line Items] | ||||||||||||
Debt Instrument, Interest Rate Terms | LIBOR plus 0.95% | |||||||||||
Net income (loss) attributable to common stockholders | $ 78,904 | $ 69,722 | $ 47,841 | $ 52,660 | $ 85,138 | $ 59,666 | $ 48,368 | $ (33,223) | ||||
Equity One Inc. [Member] | ||||||||||||
Subsequent Event [Line Items] | ||||||||||||
Business Acquisition, Share Price | $ 68.40 | |||||||||||
Parent Company [Member] | ||||||||||||
Subsequent Event [Line Items] | ||||||||||||
Repayment of fixed rate unsecured notes | $ 150,000 | $ 0 | $ 300,000 | |||||||||
Net income (loss) attributable to common stockholders | $ 249,127 | $ 159,949 | $ 143,860 | |||||||||
Preferred stock, liquidation preferences per share | $ 25 | $ 25 | $ 25 | $ 25 | ||||||||
Common Stock, Par or Stated Value Per Share | $ 0.01 | $ 0.01 | $ 0.01 | $ 0.01 |
Schedule III - Consolidated R_2
Schedule III - Consolidated Real Estate and Accumulated Depreciation (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2018 | |
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | $ 9,327,718 | |||
Initial Cost | ||||
Land | 4,736,970 | |||
Building & Improvements | 5,495,990 | |||
Costs Capitalized Subsequent to Acquisition | (630,202) | |||
Total Cost | ||||
Land | 4,819,292 | |||
Building & Improvements | 6,043,870 | |||
Total | $ 10,892,821 | $ 4,933,499 | $ 4,545,900 | 10,863,162 |
Accumulated Depreciation | $ 1,339,771 | 1,124,391 | 1,043,787 | 1,535,444 |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 525,182 | |||
Aggregate cost for Federal income tax purposes | 8,700,000 | |||
Document Fiscal Year Focus | 2,018 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | $ 10,863,162 | 10,892,821 | 4,933,499 | |
Acquired properties | 113,911 | 5,772,265 | 370,010 | |
Developments and improvements | 198,005 | 273,871 | 148,904 | |
Sale of properties | (277,270) | (86,814) | (126,855) | |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Write-down or Reserve, Amount | 4,867 | 0 | 4,460 | |
Ending balance | 10,892,821 | 4,933,499 | 4,545,900 | |
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Beginning balance | 1,339,771 | 1,124,391 | 1,043,787 | |
Depreciation expense | 249,489 | 222,395 | 115,355 | |
Sale of properties | (45,901) | (7,015) | (32,791) | |
Provision for impairment | (186) | 0 | (1,960) | |
Ending balance | 1,535,444 | 1,339,771 | 1,124,391 | |
South Point [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 13,852 | |||
Initial Cost | ||||
Land | 6,563 | |||
Building & Improvements | 7,939 | |||
Costs Capitalized Subsequent to Acquisition | (25) | |||
Total Cost | ||||
Land | 6,563 | |||
Building & Improvements | 7,964 | |||
Total | 14,527 | 14,527 | ||
Accumulated Depreciation | 675 | 675 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 14,527 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 675 | |||
Southbury Green [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 60,313 | |||
Initial Cost | ||||
Land | 26,661 | |||
Building & Improvements | 34,325 | |||
Costs Capitalized Subsequent to Acquisition | (1,685) | |||
Total Cost | ||||
Land | 26,686 | |||
Building & Improvements | 35,985 | |||
Total | 62,671 | 62,671 | ||
Accumulated Depreciation | 2,358 | 2,358 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 62,671 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 2,358 | |||
101 7th Avenue [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 81,401 | |||
Initial Cost | ||||
Land | 48,340 | |||
Building & Improvements | 34,895 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Total Cost | ||||
Land | 48,340 | |||
Building & Improvements | 34,895 | |||
Total | 83,235 | 83,235 | ||
Accumulated Depreciation | 1,834 | 1,834 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 83,235 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,834 | |||
1175 Third Avenue [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 64,806 | |||
Initial Cost | ||||
Land | 40,560 | |||
Building & Improvements | 25,617 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Total Cost | ||||
Land | 40,560 | |||
Building & Improvements | 25,617 | |||
Total | 66,177 | 66,177 | ||
Accumulated Depreciation | 1,371 | 1,371 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 66,177 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,371 | |||
1225-1239 Second Ave [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 39,262 | |||
Initial Cost | ||||
Land | 23,033 | |||
Building & Improvements | 17,173 | |||
Costs Capitalized Subsequent to Acquisition | (45) | |||
Total Cost | ||||
Land | 23,033 | |||
Building & Improvements | 17,218 | |||
Total | 40,251 | 40,251 | ||
Accumulated Depreciation | 989 | 989 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 40,251 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 989 | |||
200 Potrero [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 7,134 | |||
Initial Cost | ||||
Land | 4,860 | |||
Building & Improvements | 2,251 | |||
Costs Capitalized Subsequent to Acquisition | (125) | |||
Total Cost | ||||
Land | 4,860 | |||
Building & Improvements | 2,376 | |||
Total | 7,236 | 7,236 | ||
Accumulated Depreciation | 102 | 102 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 7,236 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 102 | |||
22 Crescent Road [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 2,431 | |||
Initial Cost | ||||
Land | 2,198 | |||
Building & Improvements | 272 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Total Cost | ||||
Land | 2,198 | |||
Building & Improvements | 272 | |||
Total | 2,470 | 2,470 | ||
Accumulated Depreciation | 39 | 39 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 2,470 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 39 | |||
4S Commons Town Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 43,363 | |||
Initial Cost | ||||
Land | 30,760 | |||
Building & Improvements | 35,830 | |||
Costs Capitalized Subsequent to Acquisition | (1,286) | |||
Total Cost | ||||
Land | 30,812 | |||
Building & Improvements | 37,064 | |||
Total | 67,876 | 67,876 | ||
Accumulated Depreciation | 24,513 | 24,513 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 85,000 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 67,876 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 24,513 | |||
90-30 Metropolitan Avenue [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 39,422 | |||
Initial Cost | ||||
Land | 16,614 | |||
Building & Improvements | 24,171 | |||
Costs Capitalized Subsequent to Acquisition | (18) | |||
Total Cost | ||||
Land | 16,614 | |||
Building & Improvements | 24,189 | |||
Total | 40,803 | 40,803 | ||
Accumulated Depreciation | 1,381 | 1,381 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 40,803 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,381 | |||
91 Danbury Road [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 1,516 | |||
Initial Cost | ||||
Land | 732 | |||
Building & Improvements | 851 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Total Cost | ||||
Land | 732 | |||
Building & Improvements | 851 | |||
Total | 1,583 | 1,583 | ||
Accumulated Depreciation | 67 | 67 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 1,583 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 67 | |||
Alafaya Village [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 8,500 | |||
Initial Cost | ||||
Land | 3,004 | |||
Building & Improvements | 5,852 | |||
Costs Capitalized Subsequent to Acquisition | (109) | |||
Total Cost | ||||
Land | 3,004 | |||
Building & Improvements | 5,961 | |||
Total | 8,965 | 8,965 | ||
Accumulated Depreciation | 465 | 465 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 8,965 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 465 | |||
Amerige Heights Town Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 17,328 | |||
Initial Cost | ||||
Land | 10,109 | |||
Building & Improvements | 11,288 | |||
Costs Capitalized Subsequent to Acquisition | (735) | |||
Total Cost | ||||
Land | 10,109 | |||
Building & Improvements | 12,023 | |||
Total | 22,132 | 22,132 | ||
Accumulated Depreciation | 4,804 | 4,804 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 22,132 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 4,804 | |||
Anastasia Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 7,160 | |||
Initial Cost | ||||
Land | 9,065 | |||
Building & Improvements | 0 | |||
Costs Capitalized Subsequent to Acquisition | (688) | |||
Total Cost | ||||
Land | 3,338 | |||
Building & Improvements | 6,415 | |||
Total | 9,753 | 9,753 | ||
Accumulated Depreciation | 2,593 | 2,593 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 9,753 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 2,593 | |||
Ashford Perimeter [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 5,925 | |||
Initial Cost | ||||
Land | 2,584 | |||
Building & Improvements | 9,865 | |||
Costs Capitalized Subsequent to Acquisition | (1,142) | |||
Total Cost | ||||
Land | 2,584 | |||
Building & Improvements | 11,007 | |||
Total | 13,591 | 13,591 | ||
Accumulated Depreciation | 7,666 | 7,666 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 13,591 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 7,666 | |||
Atlantic Village [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 22,304 | |||
Initial Cost | ||||
Land | 4,282 | |||
Building & Improvements | 18,827 | |||
Costs Capitalized Subsequent to Acquisition | (697) | |||
Total Cost | ||||
Land | 4,282 | |||
Building & Improvements | 19,524 | |||
Total | 23,806 | 23,806 | ||
Accumulated Depreciation | 1,502 | 1,502 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 23,806 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,502 | |||
Aventura Shopping Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 23,193 | |||
Initial Cost | ||||
Land | 2,751 | |||
Building & Improvements | 10,459 | |||
Costs Capitalized Subsequent to Acquisition | (10,926) | |||
Total Cost | ||||
Land | 9,407 | |||
Building & Improvements | 14,729 | |||
Total | 24,136 | 24,136 | ||
Accumulated Depreciation | 943 | 943 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 24,136 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 943 | |||
Aventura Square [Member] [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 109,046 | |||
Initial Cost | ||||
Land | 88,098 | |||
Building & Improvements | 20,771 | |||
Costs Capitalized Subsequent to Acquisition | (1,706) | |||
Total Cost | ||||
Land | 89,657 | |||
Building & Improvements | 20,918 | |||
Total | 110,575 | 110,575 | ||
Accumulated Depreciation | 1,529 | 1,529 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 7,083 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 110,575 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,529 | |||
Balboa Mesa Shopping Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 59,071 | |||
Initial Cost | ||||
Land | 23,074 | |||
Building & Improvements | 33,838 | |||
Costs Capitalized Subsequent to Acquisition | (14,059) | |||
Total Cost | ||||
Land | 27,758 | |||
Building & Improvements | 43,213 | |||
Total | 70,971 | 70,971 | ||
Accumulated Depreciation | 11,900 | 11,900 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 70,971 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 11,900 | |||
Banco Popular Building [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 3,194 | |||
Initial Cost | ||||
Land | 2,160 | |||
Building & Improvements | 1,137 | |||
Costs Capitalized Subsequent to Acquisition | 33 | |||
Total Cost | ||||
Land | 2,160 | |||
Building & Improvements | 1,104 | |||
Total | 3,264 | 3,264 | ||
Accumulated Depreciation | 70 | 70 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 3,264 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 70 | |||
Belleview Square [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 12,914 | |||
Initial Cost | ||||
Land | 8,132 | |||
Building & Improvements | 9,756 | |||
Costs Capitalized Subsequent to Acquisition | (2,975) | |||
Total Cost | ||||
Land | 8,323 | |||
Building & Improvements | 12,540 | |||
Total | 20,863 | 20,863 | ||
Accumulated Depreciation | 7,949 | 7,949 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 20,863 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 7,949 | |||
Belmont Chase [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 26,837 | |||
Initial Cost | ||||
Land | 13,881 | |||
Building & Improvements | 17,193 | |||
Costs Capitalized Subsequent to Acquisition | 600 | |||
Total Cost | ||||
Land | 14,372 | |||
Building & Improvements | 16,102 | |||
Total | 30,474 | 30,474 | ||
Accumulated Depreciation | 3,637 | 3,637 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 30,474 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 3,637 | |||
Berkshire Commons [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 6,713 | |||
Initial Cost | ||||
Land | 2,295 | |||
Building & Improvements | 9,551 | |||
Costs Capitalized Subsequent to Acquisition | (2,630) | |||
Total Cost | ||||
Land | 2,965 | |||
Building & Improvements | 11,511 | |||
Total | 14,476 | 14,476 | ||
Accumulated Depreciation | 7,763 | 7,763 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 14,476 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 7,763 | |||
Bird 107 Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 15,105 | |||
Initial Cost | ||||
Land | 10,371 | |||
Building & Improvements | 5,136 | |||
Costs Capitalized Subsequent to Acquisition | (21) | |||
Total Cost | ||||
Land | 10,371 | |||
Building & Improvements | 5,157 | |||
Total | 15,528 | 15,528 | ||
Accumulated Depreciation | 423 | 423 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 15,528 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 423 | |||
Bird Ludlam [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 78,780 | |||
Initial Cost | ||||
Land | 42,663 | |||
Building & Improvements | 38,481 | |||
Costs Capitalized Subsequent to Acquisition | (285) | |||
Total Cost | ||||
Land | 42,663 | |||
Building & Improvements | 38,766 | |||
Total | 81,429 | 81,429 | ||
Accumulated Depreciation | 2,649 | 2,649 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 81,429 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 2,649 | |||
Blackrock [Member] [Domain] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 39,386 | |||
Initial Cost | ||||
Land | 22,251 | |||
Building & Improvements | 20,815 | |||
Costs Capitalized Subsequent to Acquisition | (630) | |||
Total Cost | ||||
Land | 22,251 | |||
Building & Improvements | 21,445 | |||
Total | 43,696 | 43,696 | ||
Accumulated Depreciation | 4,310 | 4,310 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 20,000 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 43,696 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 4,310 | |||
Bloomingdale Square [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 11,481 | |||
Initial Cost | ||||
Land | 3,940 | |||
Building & Improvements | 14,912 | |||
Costs Capitalized Subsequent to Acquisition | (1,480) | |||
Total Cost | ||||
Land | 4,471 | |||
Building & Improvements | 15,861 | |||
Total | 20,332 | 20,332 | ||
Accumulated Depreciation | 8,851 | 8,851 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 20,332 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 8,851 | |||
Bluff Square Shoppes [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 19,155 | |||
Initial Cost | ||||
Land | 7,431 | |||
Building & Improvements | 12,053 | |||
Costs Capitalized Subsequent to Acquisition | (874) | |||
Total Cost | ||||
Land | 7,431 | |||
Building & Improvements | 12,927 | |||
Total | 20,358 | 20,358 | ||
Accumulated Depreciation | 1,203 | 1,203 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 20,358 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,203 | |||
Boca Village Square [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 52,599 | |||
Initial Cost | ||||
Land | 43,888 | |||
Building & Improvements | 9,726 | |||
Costs Capitalized Subsequent to Acquisition | 34 | |||
Total Cost | ||||
Land | 43,888 | |||
Building & Improvements | 9,692 | |||
Total | 53,580 | 53,580 | ||
Accumulated Depreciation | 981 | 981 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 53,580 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 981 | |||
Boulevard Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 9,795 | |||
Initial Cost | ||||
Land | 3,659 | |||
Building & Improvements | 10,787 | |||
Costs Capitalized Subsequent to Acquisition | (2,434) | |||
Total Cost | ||||
Land | 3,659 | |||
Building & Improvements | 13,221 | |||
Total | 16,880 | 16,880 | ||
Accumulated Depreciation | 7,085 | 7,085 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 16,880 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 7,085 | |||
Boynton Lakes Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 11,446 | |||
Initial Cost | ||||
Land | 2,628 | |||
Building & Improvements | 11,236 | |||
Costs Capitalized Subsequent to Acquisition | (4,988) | |||
Total Cost | ||||
Land | 3,606 | |||
Building & Improvements | 15,246 | |||
Total | 18,852 | 18,852 | ||
Accumulated Depreciation | 7,406 | 7,406 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 18,852 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 7,406 | |||
Boynton Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 32,219 | |||
Initial Cost | ||||
Land | 12,879 | |||
Building & Improvements | 20,713 | |||
Costs Capitalized Subsequent to Acquisition | (160) | |||
Total Cost | ||||
Land | 12,879 | |||
Building & Improvements | 20,873 | |||
Total | 33,752 | 33,752 | ||
Accumulated Depreciation | 1,533 | 1,533 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 33,752 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,533 | |||
Brentwood Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 5,203 | |||
Initial Cost | ||||
Land | 2,788 | |||
Building & Improvements | 3,473 | |||
Costs Capitalized Subsequent to Acquisition | (333) | |||
Total Cost | ||||
Land | 2,788 | |||
Building & Improvements | 3,806 | |||
Total | 6,594 | 6,594 | ||
Accumulated Depreciation | 1,391 | 1,391 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 6,594 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,391 | |||
Briarcliff La Vista [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 1,597 | |||
Initial Cost | ||||
Land | 694 | |||
Building & Improvements | 3,292 | |||
Costs Capitalized Subsequent to Acquisition | (495) | |||
Total Cost | ||||
Land | 694 | |||
Building & Improvements | 3,787 | |||
Total | 4,481 | 4,481 | ||
Accumulated Depreciation | 2,884 | 2,884 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 4,481 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 2,884 | |||
Briarcliff Village [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 13,424 | |||
Initial Cost | ||||
Land | 4,597 | |||
Building & Improvements | 24,836 | |||
Costs Capitalized Subsequent to Acquisition | (2,504) | |||
Total Cost | ||||
Land | 4,597 | |||
Building & Improvements | 27,340 | |||
Total | 31,937 | 31,937 | ||
Accumulated Depreciation | 18,513 | 18,513 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 31,937 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 18,513 | |||
Brickwalk [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 61,812 | |||
Initial Cost | ||||
Land | 25,299 | |||
Building & Improvements | 41,995 | |||
Costs Capitalized Subsequent to Acquisition | (1,328) | |||
Total Cost | ||||
Land | 25,299 | |||
Building & Improvements | 43,323 | |||
Total | 68,622 | 68,622 | ||
Accumulated Depreciation | 6,810 | 6,810 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 33,000 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 68,622 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 6,810 | |||
BridgeMill Market [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 19,935 | |||
Initial Cost | ||||
Land | 7,521 | |||
Building & Improvements | 13,306 | |||
Costs Capitalized Subsequent to Acquisition | (292) | |||
Total Cost | ||||
Land | 7,522 | |||
Building & Improvements | 13,597 | |||
Total | 21,119 | 21,119 | ||
Accumulated Depreciation | 1,184 | 1,184 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 5,109 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 21,119 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,184 | |||
Bridgeton [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 9,123 | |||
Initial Cost | ||||
Land | 3,033 | |||
Building & Improvements | 8,137 | |||
Costs Capitalized Subsequent to Acquisition | (548) | |||
Total Cost | ||||
Land | 3,067 | |||
Building & Improvements | 8,651 | |||
Total | 11,718 | 11,718 | ||
Accumulated Depreciation | 2,595 | 2,595 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 11,718 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 2,595 | |||
Brighten Park [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 18,208 | |||
Initial Cost | ||||
Land | 3,983 | |||
Building & Improvements | 18,687 | |||
Costs Capitalized Subsequent to Acquisition | (11,471) | |||
Total Cost | ||||
Land | 4,234 | |||
Building & Improvements | 29,907 | |||
Total | 34,141 | 34,141 | ||
Accumulated Depreciation | 15,933 | 15,933 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 34,141 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 15,933 | |||
Broadway Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 81,637 | |||
Initial Cost | ||||
Land | 40,723 | |||
Building & Improvements | 42,170 | |||
Costs Capitalized Subsequent to Acquisition | (1,385) | |||
Total Cost | ||||
Land | 40,723 | |||
Building & Improvements | 43,555 | |||
Total | 84,278 | 84,278 | ||
Accumulated Depreciation | 2,641 | 2,641 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 84,278 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 2,641 | |||
Brooklyn Station [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 14,336 | |||
Initial Cost | ||||
Land | 7,019 | |||
Building & Improvements | 8,688 | |||
Costs Capitalized Subsequent to Acquisition | (99) | |||
Total Cost | ||||
Land | 7,019 | |||
Building & Improvements | 8,787 | |||
Total | 15,806 | 15,806 | ||
Accumulated Depreciation | 1,470 | 1,470 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 15,806 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,470 | |||
Brookside Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 50,968 | |||
Initial Cost | ||||
Land | 35,161 | |||
Building & Improvements | 17,494 | |||
Costs Capitalized Subsequent to Acquisition | (198) | |||
Total Cost | ||||
Land | 35,161 | |||
Building & Improvements | 17,692 | |||
Total | 52,853 | 52,853 | ||
Accumulated Depreciation | 1,885 | 1,885 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 52,853 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,885 | |||
Buckhead Court [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 5,776 | |||
Initial Cost | ||||
Land | 1,417 | |||
Building & Improvements | 7,432 | |||
Costs Capitalized Subsequent to Acquisition | (3,856) | |||
Total Cost | ||||
Land | 1,417 | |||
Building & Improvements | 11,288 | |||
Total | 12,705 | 12,705 | ||
Accumulated Depreciation | 6,929 | 6,929 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 12,705 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 6,929 | |||
Buckhead Station [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 104,436 | |||
Initial Cost | ||||
Land | 70,411 | |||
Building & Improvements | 36,518 | |||
Costs Capitalized Subsequent to Acquisition | (616) | |||
Total Cost | ||||
Land | 70,448 | |||
Building & Improvements | 37,097 | |||
Total | 107,545 | 107,545 | ||
Accumulated Depreciation | 3,109 | 3,109 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 107,545 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 3,109 | |||
Buckley Square [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 5,892 | |||
Initial Cost | ||||
Land | 2,970 | |||
Building & Improvements | 5,978 | |||
Costs Capitalized Subsequent to Acquisition | (1,212) | |||
Total Cost | ||||
Land | 2,970 | |||
Building & Improvements | 7,190 | |||
Total | 10,160 | 10,160 | ||
Accumulated Depreciation | 4,268 | 4,268 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 10,160 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 4,268 | |||
Caligo Crossing [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 4,526 | |||
Initial Cost | ||||
Land | 2,459 | |||
Building & Improvements | 4,897 | |||
Costs Capitalized Subsequent to Acquisition | 7 | |||
Total Cost | ||||
Land | 2,546 | |||
Building & Improvements | 4,803 | |||
Total | 7,349 | 7,349 | ||
Accumulated Depreciation | 2,823 | 2,823 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 7,349 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 2,823 | |||
Cambridge Square [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 2,650 | |||
Initial Cost | ||||
Land | 774 | |||
Building & Improvements | 4,347 | |||
Costs Capitalized Subsequent to Acquisition | (803) | |||
Total Cost | ||||
Land | 774 | |||
Building & Improvements | 5,150 | |||
Total | 5,924 | 5,924 | ||
Accumulated Depreciation | 3,274 | 3,274 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 5,924 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 3,274 | |||
Carmel commons [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 10,660 | |||
Initial Cost | ||||
Land | 2,466 | |||
Building & Improvements | 12,548 | |||
Costs Capitalized Subsequent to Acquisition | (5,456) | |||
Total Cost | ||||
Land | 3,422 | |||
Building & Improvements | 17,048 | |||
Total | 20,470 | 20,470 | ||
Accumulated Depreciation | 9,810 | 9,810 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 20,470 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 9,810 | |||
Carriage Gate [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 3,123 | |||
Initial Cost | ||||
Land | 833 | |||
Building & Improvements | 4,974 | |||
Costs Capitalized Subsequent to Acquisition | (3,381) | |||
Total Cost | ||||
Land | 1,302 | |||
Building & Improvements | 7,886 | |||
Total | 9,188 | 9,188 | ||
Accumulated Depreciation | 6,065 | 6,065 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 9,188 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 6,065 | |||
Carytown Exchange [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 5,706 | |||
Initial Cost | ||||
Land | 4,378 | |||
Building & Improvements | 1,328 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Total Cost | ||||
Land | 4,378 | |||
Building & Improvements | 1,328 | |||
Total | 5,706 | 5,706 | ||
Accumulated Depreciation | 0 | 0 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 5,706 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 0 | |||
Cashmere Corners [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 11,909 | |||
Initial Cost | ||||
Land | 3,187 | |||
Building & Improvements | 9,397 | |||
Costs Capitalized Subsequent to Acquisition | (203) | |||
Total Cost | ||||
Land | 3,187 | |||
Building & Improvements | 9,600 | |||
Total | 12,787 | 12,787 | ||
Accumulated Depreciation | 878 | 878 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 12,787 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 878 | |||
Centerplace of Greeley III [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 13,484 | |||
Initial Cost | ||||
Land | 6,661 | |||
Building & Improvements | 11,502 | |||
Costs Capitalized Subsequent to Acquisition | (206) | |||
Total Cost | ||||
Land | 5,694 | |||
Building & Improvements | 12,675 | |||
Total | 18,369 | 18,369 | ||
Accumulated Depreciation | 4,885 | 4,885 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 18,369 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 4,885 | |||
Charlotte Square [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 7,841 | |||
Initial Cost | ||||
Land | 1,141 | |||
Building & Improvements | 6,845 | |||
Costs Capitalized Subsequent to Acquisition | (552) | |||
Total Cost | ||||
Land | 1,141 | |||
Building & Improvements | 7,397 | |||
Total | 8,538 | 8,538 | ||
Accumulated Depreciation | 697 | 697 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 8,538 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 697 | |||
Chasewood Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 13,849 | |||
Initial Cost | ||||
Land | 4,612 | |||
Building & Improvements | 20,829 | |||
Costs Capitalized Subsequent to Acquisition | (5,555) | |||
Total Cost | ||||
Land | 6,876 | |||
Building & Improvements | 24,120 | |||
Total | 30,996 | 30,996 | ||
Accumulated Depreciation | 17,147 | 17,147 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 30,996 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 17,147 | |||
Chastain Square [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 42,714 | |||
Initial Cost | ||||
Land | 30,074 | |||
Building & Improvements | 12,644 | |||
Costs Capitalized Subsequent to Acquisition | (1,340) | |||
Total Cost | ||||
Land | 30,074 | |||
Building & Improvements | 13,984 | |||
Total | 44,058 | 44,058 | ||
Accumulated Depreciation | 1,344 | 1,344 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 44,058 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,344 | |||
Cherry Grove [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 13,526 | |||
Initial Cost | ||||
Land | 3,533 | |||
Building & Improvements | 15,862 | |||
Costs Capitalized Subsequent to Acquisition | (4,501) | |||
Total Cost | ||||
Land | 3,533 | |||
Building & Improvements | 20,363 | |||
Total | 23,896 | 23,896 | ||
Accumulated Depreciation | 10,370 | 10,370 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 23,896 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 10,370 | |||
Cherry Grove [Member] [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 69,861 | |||
Initial Cost | ||||
Land | 25,666 | |||
Building & Improvements | 46,782 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Total Cost | ||||
Land | 25,666 | |||
Building & Improvements | 46,782 | |||
Total | 72,448 | 72,448 | ||
Accumulated Depreciation | 2,587 | 2,587 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 72,448 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 2,587 | |||
Circle Center West [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 31,293 | |||
Initial Cost | ||||
Land | 22,930 | |||
Building & Improvements | 9,028 | |||
Costs Capitalized Subsequent to Acquisition | (74) | |||
Total Cost | ||||
Land | 22,930 | |||
Building & Improvements | 9,102 | |||
Total | 32,032 | 32,032 | ||
Accumulated Depreciation | 739 | 739 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 9,864 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 32,032 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 739 | |||
City Line Market [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 25,936 | |||
Initial Cost | ||||
Land | 12,208 | |||
Building & Improvements | 15,839 | |||
Costs Capitalized Subsequent to Acquisition | (153) | |||
Total Cost | ||||
Land | 12,306 | |||
Building & Improvements | 15,894 | |||
Total | 28,200 | 28,200 | ||
Accumulated Depreciation | 2,264 | 2,264 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 28,200 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 2,264 | |||
CityLine Market Ph II [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 5,456 | |||
Initial Cost | ||||
Land | 2,744 | |||
Building & Improvements | 3,081 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Total Cost | ||||
Land | 2,744 | |||
Building & Improvements | 3,081 | |||
Total | 5,825 | 5,825 | ||
Accumulated Depreciation | 369 | 369 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 5,825 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 369 | |||
Clayton Valley Shopping Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 37,919 | |||
Initial Cost | ||||
Land | 24,189 | |||
Building & Improvements | 35,422 | |||
Costs Capitalized Subsequent to Acquisition | (2,814) | |||
Total Cost | ||||
Land | 24,538 | |||
Building & Improvements | 37,887 | |||
Total | 62,425 | 62,425 | ||
Accumulated Depreciation | 24,506 | 24,506 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 62,425 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 24,506 | |||
Clocktower Plaza Shopping Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 68,069 | |||
Initial Cost | ||||
Land | 49,630 | |||
Building & Improvements | 19,624 | |||
Costs Capitalized Subsequent to Acquisition | (127) | |||
Total Cost | ||||
Land | 49,630 | |||
Building & Improvements | 19,751 | |||
Total | 69,381 | 69,381 | ||
Accumulated Depreciation | 1,312 | 1,312 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 69,381 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,312 | |||
Clybourn Commons [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 19,792 | |||
Initial Cost | ||||
Land | 15,056 | |||
Building & Improvements | 5,594 | |||
Costs Capitalized Subsequent to Acquisition | (334) | |||
Total Cost | ||||
Land | 15,056 | |||
Building & Improvements | 5,928 | |||
Total | 20,984 | 20,984 | ||
Accumulated Depreciation | 1,192 | 1,192 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 20,984 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,192 | |||
Cochran's Crossing [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 17,190 | |||
Initial Cost | ||||
Land | 13,154 | |||
Building & Improvements | 12,315 | |||
Costs Capitalized Subsequent to Acquisition | (1,522) | |||
Total Cost | ||||
Land | 13,154 | |||
Building & Improvements | 13,837 | |||
Total | 26,991 | 26,991 | ||
Accumulated Depreciation | 9,801 | 9,801 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 26,991 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 9,801 | |||
Compo Acres Shopping Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 38,949 | |||
Initial Cost | ||||
Land | 28,627 | |||
Building & Improvements | 10,395 | |||
Costs Capitalized Subsequent to Acquisition | (608) | |||
Total Cost | ||||
Land | 28,627 | |||
Building & Improvements | 11,003 | |||
Total | 39,630 | 39,630 | ||
Accumulated Depreciation | 681 | 681 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 39,630 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 681 | |||
Concord Shopping Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 65,552 | |||
Initial Cost | ||||
Land | 30,819 | |||
Building & Improvements | 36,506 | |||
Costs Capitalized Subsequent to Acquisition | (637) | |||
Total Cost | ||||
Land | 31,272 | |||
Building & Improvements | 36,690 | |||
Total | 67,962 | 67,962 | ||
Accumulated Depreciation | 2,410 | 2,410 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 27,750 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 67,962 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 2,410 | |||
Copps Hill Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 67,549 | |||
Initial Cost | ||||
Land | 29,515 | |||
Building & Improvements | 40,673 | |||
Costs Capitalized Subsequent to Acquisition | (203) | |||
Total Cost | ||||
Land | 29,514 | |||
Building & Improvements | 40,877 | |||
Total | 70,391 | 70,391 | ||
Accumulated Depreciation | 2,842 | 2,842 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 13,293 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 70,391 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 2,842 | |||
Coral Reef Shopping Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 29,587 | |||
Initial Cost | ||||
Land | 14,922 | |||
Building & Improvements | 15,200 | |||
Costs Capitalized Subsequent to Acquisition | (565) | |||
Total Cost | ||||
Land | 14,922 | |||
Building & Improvements | 15,765 | |||
Total | 30,687 | 30,687 | ||
Accumulated Depreciation | 1,100 | 1,100 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 30,687 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,100 | |||
Corkscrew Village [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 13,545 | |||
Initial Cost | ||||
Land | 8,407 | |||
Building & Improvements | 8,004 | |||
Costs Capitalized Subsequent to Acquisition | (600) | |||
Total Cost | ||||
Land | 8,407 | |||
Building & Improvements | 8,604 | |||
Total | 17,011 | 17,011 | ||
Accumulated Depreciation | 3,466 | 3,466 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 17,011 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 3,466 | |||
Cornerstone Square [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 4,779 | |||
Initial Cost | ||||
Land | 1,772 | |||
Building & Improvements | 6,944 | |||
Costs Capitalized Subsequent to Acquisition | (1,682) | |||
Total Cost | ||||
Land | 1,772 | |||
Building & Improvements | 8,626 | |||
Total | 10,398 | 10,398 | ||
Accumulated Depreciation | 5,619 | 5,619 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 10,398 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 5,619 | |||
Corvallis Market Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 13,549 | |||
Initial Cost | ||||
Land | 6,674 | |||
Building & Improvements | 12,244 | |||
Costs Capitalized Subsequent to Acquisition | (456) | |||
Total Cost | ||||
Land | 6,696 | |||
Building & Improvements | 12,678 | |||
Total | 19,374 | 19,374 | ||
Accumulated Depreciation | 5,825 | 5,825 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 19,374 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 5,825 | |||
Costa Verde Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 25,113 | |||
Initial Cost | ||||
Land | 12,740 | |||
Building & Improvements | 26,868 | |||
Costs Capitalized Subsequent to Acquisition | (1,693) | |||
Total Cost | ||||
Land | 12,798 | |||
Building & Improvements | 28,503 | |||
Total | 41,301 | 41,301 | ||
Accumulated Depreciation | 16,188 | 16,188 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 41,301 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 16,188 | |||
Countryside Shops [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 64,799 | |||
Initial Cost | ||||
Land | 17,982 | |||
Building & Improvements | 35,574 | |||
Costs Capitalized Subsequent to Acquisition | (13,934) | |||
Total Cost | ||||
Land | 23,038 | |||
Building & Improvements | 44,452 | |||
Total | 67,490 | 67,490 | ||
Accumulated Depreciation | 2,691 | 2,691 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 67,490 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 2,691 | |||
Courtyard Landcom [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 5,872 | |||
Initial Cost | ||||
Land | 5,867 | |||
Building & Improvements | 4 | |||
Costs Capitalized Subsequent to Acquisition | (3) | |||
Total Cost | ||||
Land | 5,867 | |||
Building & Improvements | 7 | |||
Total | 5,874 | 5,874 | ||
Accumulated Depreciation | 2 | 2 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 5,874 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 2 | |||
Culver Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 139,166 | |||
Initial Cost | ||||
Land | 108,841 | |||
Building & Improvements | 32,308 | |||
Costs Capitalized Subsequent to Acquisition | (565) | |||
Total Cost | ||||
Land | 108,841 | |||
Building & Improvements | 32,873 | |||
Total | 141,714 | 141,714 | ||
Accumulated Depreciation | 2,548 | 2,548 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 141,714 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 2,548 | |||
Danbury Green [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 48,363 | |||
Initial Cost | ||||
Land | 30,303 | |||
Building & Improvements | 19,255 | |||
Costs Capitalized Subsequent to Acquisition | (122) | |||
Total Cost | ||||
Land | 30,303 | |||
Building & Improvements | 19,377 | |||
Total | 49,680 | 49,680 | ||
Accumulated Depreciation | 1,317 | 1,317 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 49,680 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,317 | |||
Dardenne Crossing [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 6,778 | |||
Initial Cost | ||||
Land | 4,194 | |||
Building & Improvements | 4,005 | |||
Costs Capitalized Subsequent to Acquisition | (393) | |||
Total Cost | ||||
Land | 4,343 | |||
Building & Improvements | 4,249 | |||
Total | 8,592 | 8,592 | ||
Accumulated Depreciation | 1,814 | 1,814 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 8,592 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,814 | |||
Delk Spectrum [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 31,286 | |||
Initial Cost | ||||
Land | 693 | |||
Building & Improvements | 32,140 | |||
Costs Capitalized Subsequent to Acquisition | (688) | |||
Total Cost | ||||
Land | 711 | |||
Building & Improvements | 32,810 | |||
Total | 33,521 | 33,521 | ||
Accumulated Depreciation | 2,235 | 2,235 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 33,521 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 2,235 | |||
Diablo Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 9,864 | |||
Initial Cost | ||||
Land | 5,300 | |||
Building & Improvements | 8,181 | |||
Costs Capitalized Subsequent to Acquisition | (1,641) | |||
Total Cost | ||||
Land | 5,300 | |||
Building & Improvements | 9,822 | |||
Total | 15,122 | 15,122 | ||
Accumulated Depreciation | 5,258 | 5,258 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 15,122 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 5,258 | |||
Dunwoody Village [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 9,504 | |||
Initial Cost | ||||
Land | 3,342 | |||
Building & Improvements | 15,934 | |||
Costs Capitalized Subsequent to Acquisition | (4,512) | |||
Total Cost | ||||
Land | 3,342 | |||
Building & Improvements | 20,446 | |||
Total | 23,788 | 23,788 | ||
Accumulated Depreciation | 14,284 | 14,284 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 23,788 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 14,284 | |||
East Pointe [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 5,439 | |||
Initial Cost | ||||
Land | 1,730 | |||
Building & Improvements | 7,189 | |||
Costs Capitalized Subsequent to Acquisition | (2,090) | |||
Total Cost | ||||
Land | 1,941 | |||
Building & Improvements | 9,068 | |||
Total | 11,009 | 11,009 | ||
Accumulated Depreciation | 5,570 | 5,570 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 11,009 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 5,570 | |||
El Camino Shopping Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 24,712 | |||
Initial Cost | ||||
Land | 7,600 | |||
Building & Improvements | 11,538 | |||
Costs Capitalized Subsequent to Acquisition | (13,155) | |||
Total Cost | ||||
Land | 10,266 | |||
Building & Improvements | 22,027 | |||
Total | 32,293 | 32,293 | ||
Accumulated Depreciation | 7,581 | 7,581 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 32,293 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 7,581 | |||
El Cerrito Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 30,008 | |||
Initial Cost | ||||
Land | 11,025 | |||
Building & Improvements | 27,371 | |||
Costs Capitalized Subsequent to Acquisition | (2,092) | |||
Total Cost | ||||
Land | 11,025 | |||
Building & Improvements | 29,463 | |||
Total | 40,488 | 40,488 | ||
Accumulated Depreciation | 10,480 | 10,480 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 40,488 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 10,480 | |||
El Norte Parkway Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 8,178 | |||
Initial Cost | ||||
Land | 2,834 | |||
Building & Improvements | 7,370 | |||
Costs Capitalized Subsequent to Acquisition | (3,373) | |||
Total Cost | ||||
Land | 3,263 | |||
Building & Improvements | 10,314 | |||
Total | 13,577 | 13,577 | ||
Accumulated Depreciation | 5,399 | 5,399 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 13,577 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 5,399 | |||
Elmwood Oaks Shopping Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 13,916 | |||
Initial Cost | ||||
Land | 5,427 | |||
Building & Improvements | 9,255 | |||
Costs Capitalized Subsequent to Acquisition | (386) | |||
Total Cost | ||||
Land | 5,427 | |||
Building & Improvements | 9,641 | |||
Total | 15,068 | 15,068 | ||
Accumulated Depreciation | 1,152 | 1,152 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 15,068 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,152 | |||
Encina Grande [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 24,991 | |||
Initial Cost | ||||
Land | 5,040 | |||
Building & Improvements | 11,572 | |||
Costs Capitalized Subsequent to Acquisition | (19,531) | |||
Total Cost | ||||
Land | 10,086 | |||
Building & Improvements | 26,057 | |||
Total | 36,143 | 36,143 | ||
Accumulated Depreciation | 11,152 | 11,152 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 36,143 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 11,152 | |||
Fairfield [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 32,329 | |||
Initial Cost | ||||
Land | 6,731 | |||
Building & Improvements | 29,420 | |||
Costs Capitalized Subsequent to Acquisition | (752) | |||
Total Cost | ||||
Land | 6,731 | |||
Building & Improvements | 30,172 | |||
Total | 36,903 | 36,903 | ||
Accumulated Depreciation | 4,574 | 4,574 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 36,903 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 4,574 | |||
Falcon [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 3,430 | |||
Initial Cost | ||||
Land | 1,340 | |||
Building & Improvements | 4,168 | |||
Costs Capitalized Subsequent to Acquisition | (162) | |||
Total Cost | ||||
Land | 1,340 | |||
Building & Improvements | 4,330 | |||
Total | 5,670 | 5,670 | ||
Accumulated Depreciation | 2,240 | 2,240 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 5,670 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 2,240 | |||
Fellsway Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 43,130 | |||
Initial Cost | ||||
Land | 30,712 | |||
Building & Improvements | 7,327 | |||
Costs Capitalized Subsequent to Acquisition | (10,105) | |||
Total Cost | ||||
Land | 34,923 | |||
Building & Improvements | 13,221 | |||
Total | 48,144 | 48,144 | ||
Accumulated Depreciation | 5,014 | 5,014 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 37,500 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 48,144 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 5,014 | |||
Fenton Marketplace [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 1,804 | |||
Initial Cost | ||||
Land | 2,298 | |||
Building & Improvements | 8,510 | |||
Costs Capitalized Subsequent to Acquisition | 8,151 | |||
Total Cost | ||||
Land | 512 | |||
Building & Improvements | 2,145 | |||
Total | 2,657 | 2,657 | ||
Accumulated Depreciation | 853 | 853 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 2,657 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 853 | |||
Fleming Island [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 9,847 | |||
Initial Cost | ||||
Land | 3,077 | |||
Building & Improvements | 11,587 | |||
Costs Capitalized Subsequent to Acquisition | (3,006) | |||
Total Cost | ||||
Land | 3,111 | |||
Building & Improvements | 14,559 | |||
Total | 17,670 | 17,670 | ||
Accumulated Depreciation | 7,823 | 7,823 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 17,670 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 7,823 | |||
Folsom Prairie City Crossing [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 11,545 | |||
Initial Cost | ||||
Land | 4,164 | |||
Building & Improvements | 13,032 | |||
Costs Capitalized Subsequent to Acquisition | (620) | |||
Total Cost | ||||
Land | 4,164 | |||
Building & Improvements | 13,652 | |||
Total | 17,816 | 17,816 | ||
Accumulated Depreciation | 6,271 | 6,271 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 17,816 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 6,271 | |||
Fountain Square [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 52,196 | |||
Initial Cost | ||||
Land | 29,650 | |||
Building & Improvements | 28,984 | |||
Costs Capitalized Subsequent to Acquisition | (39) | |||
Total Cost | ||||
Land | 29,712 | |||
Building & Improvements | 28,961 | |||
Total | 58,673 | 58,673 | ||
Accumulated Depreciation | 6,477 | 6,477 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 58,673 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 6,477 | |||
French Valley Village Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 16,826 | |||
Initial Cost | ||||
Land | 11,924 | |||
Building & Improvements | 16,856 | |||
Costs Capitalized Subsequent to Acquisition | (266) | |||
Total Cost | ||||
Land | 11,822 | |||
Building & Improvements | 17,224 | |||
Total | 29,046 | 29,046 | ||
Accumulated Depreciation | 12,220 | 12,220 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 29,046 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 12,220 | |||
Friars Mission Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 21,446 | |||
Initial Cost | ||||
Land | 6,660 | |||
Building & Improvements | 28,021 | |||
Costs Capitalized Subsequent to Acquisition | (1,810) | |||
Total Cost | ||||
Land | 6,660 | |||
Building & Improvements | 29,831 | |||
Total | 36,491 | 36,491 | ||
Accumulated Depreciation | 15,045 | 15,045 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 36,491 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 15,045 | |||
Gardens Square [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 6,029 | |||
Initial Cost | ||||
Land | 2,136 | |||
Building & Improvements | 8,273 | |||
Costs Capitalized Subsequent to Acquisition | (620) | |||
Total Cost | ||||
Land | 2,136 | |||
Building & Improvements | 8,893 | |||
Total | 11,029 | 11,029 | ||
Accumulated Depreciation | 5,000 | 5,000 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 11,029 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 5,000 | |||
Gateway 101 [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 29,563 | |||
Initial Cost | ||||
Land | 24,971 | |||
Building & Improvements | 9,113 | |||
Costs Capitalized Subsequent to Acquisition | 1,302 | |||
Total Cost | ||||
Land | 24,971 | |||
Building & Improvements | 7,811 | |||
Total | 32,782 | 32,782 | ||
Accumulated Depreciation | 3,219 | 3,219 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 32,782 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 3,219 | |||
Gateway Shopping Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 54,222 | |||
Initial Cost | ||||
Land | 52,665 | |||
Building & Improvements | 7,134 | |||
Costs Capitalized Subsequent to Acquisition | (9,603) | |||
Total Cost | ||||
Land | 55,346 | |||
Building & Improvements | 14,056 | |||
Total | 69,402 | 69,402 | ||
Accumulated Depreciation | 15,180 | 15,180 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 69,402 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 15,180 | |||
Gelson's Westlake Market Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 13,266 | |||
Initial Cost | ||||
Land | 3,157 | |||
Building & Improvements | 11,153 | |||
Costs Capitalized Subsequent to Acquisition | (5,793) | |||
Total Cost | ||||
Land | 4,654 | |||
Building & Improvements | 15,449 | |||
Total | 20,103 | 20,103 | ||
Accumulated Depreciation | 6,837 | 6,837 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 20,103 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 6,837 | |||
Glen Oak Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 14,059 | |||
Initial Cost | ||||
Land | 4,103 | |||
Building & Improvements | 12,951 | |||
Costs Capitalized Subsequent to Acquisition | (863) | |||
Total Cost | ||||
Land | 4,103 | |||
Building & Improvements | 13,814 | |||
Total | 17,917 | 17,917 | ||
Accumulated Depreciation | 3,858 | 3,858 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 17,917 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 3,858 | |||
Glengary Shoppes [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 19,629 | |||
Initial Cost | ||||
Land | 9,120 | |||
Building & Improvements | 11,541 | |||
Costs Capitalized Subsequent to Acquisition | (14) | |||
Total Cost | ||||
Land | 9,120 | |||
Building & Improvements | 11,555 | |||
Total | 20,675 | 20,675 | ||
Accumulated Depreciation | 1,046 | 1,046 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 20,675 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,046 | |||
Glenwood Village [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 2,598 | |||
Initial Cost | ||||
Land | 1,194 | |||
Building & Improvements | 5,381 | |||
Costs Capitalized Subsequent to Acquisition | (311) | |||
Total Cost | ||||
Land | 1,194 | |||
Building & Improvements | 5,692 | |||
Total | 6,886 | 6,886 | ||
Accumulated Depreciation | 4,288 | 4,288 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 6,886 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 4,288 | |||
Golden Hills Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 26,054 | |||
Initial Cost | ||||
Land | 12,699 | |||
Building & Improvements | 18,482 | |||
Costs Capitalized Subsequent to Acquisition | (3,680) | |||
Total Cost | ||||
Land | 11,518 | |||
Building & Improvements | 23,343 | |||
Total | 34,861 | 34,861 | ||
Accumulated Depreciation | 8,807 | 8,807 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 34,861 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 8,807 | |||
Grand Ridge Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 74,213 | |||
Initial Cost | ||||
Land | 24,208 | |||
Building & Improvements | 61,033 | |||
Costs Capitalized Subsequent to Acquisition | (6,106) | |||
Total Cost | ||||
Land | 24,918 | |||
Building & Improvements | 66,429 | |||
Total | 91,347 | 91,347 | ||
Accumulated Depreciation | 17,134 | 17,134 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 91,347 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 17,134 | |||
Greenwood Shpping Centre [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 31,116 | |||
Initial Cost | ||||
Land | 7,777 | |||
Building & Improvements | 24,829 | |||
Costs Capitalized Subsequent to Acquisition | (375) | |||
Total Cost | ||||
Land | 7,777 | |||
Building & Improvements | 25,204 | |||
Total | 32,981 | 32,981 | ||
Accumulated Depreciation | 1,865 | 1,865 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 32,981 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,865 | |||
Hammocks Town Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 51,709 | |||
Initial Cost | ||||
Land | 28,764 | |||
Building & Improvements | 25,113 | |||
Costs Capitalized Subsequent to Acquisition | 19 | |||
Total Cost | ||||
Land | 28,764 | |||
Building & Improvements | 25,094 | |||
Total | 53,858 | 53,858 | ||
Accumulated Depreciation | 2,149 | 2,149 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 53,858 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 2,149 | |||
Hancock [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 22,197 | |||
Initial Cost | ||||
Land | 8,232 | |||
Building & Improvements | 28,260 | |||
Costs Capitalized Subsequent to Acquisition | (2,056) | |||
Total Cost | ||||
Land | 8,232 | |||
Building & Improvements | 30,316 | |||
Total | 38,548 | 38,548 | ||
Accumulated Depreciation | 16,351 | 16,351 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 38,548 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 16,351 | |||
Harpeth Village Fieldstone [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 7,054 | |||
Initial Cost | ||||
Land | 2,284 | |||
Building & Improvements | 9,443 | |||
Costs Capitalized Subsequent to Acquisition | (620) | |||
Total Cost | ||||
Land | 2,284 | |||
Building & Improvements | 10,063 | |||
Total | 12,347 | 12,347 | ||
Accumulated Depreciation | 5,293 | 5,293 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 12,347 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 5,293 | |||
Harris Crossing [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 6,846 | |||
Initial Cost | ||||
Land | 7,199 | |||
Building & Improvements | 3,687 | |||
Costs Capitalized Subsequent to Acquisition | (1,615) | |||
Total Cost | ||||
Land | 5,508 | |||
Building & Improvements | 3,763 | |||
Total | 9,271 | 9,271 | ||
Accumulated Depreciation | 2,425 | 2,425 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 9,271 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 2,425 | |||
Heritage Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 35,036 | |||
Initial Cost | ||||
Land | 12,390 | |||
Building & Improvements | 26,097 | |||
Costs Capitalized Subsequent to Acquisition | (14,098) | |||
Total Cost | ||||
Land | 12,215 | |||
Building & Improvements | 40,370 | |||
Total | 52,585 | 52,585 | ||
Accumulated Depreciation | 17,549 | 17,549 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 52,585 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 17,549 | |||
Hershey [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 394 | |||
Initial Cost | ||||
Land | 7 | |||
Building & Improvements | 808 | |||
Costs Capitalized Subsequent to Acquisition | (9) | |||
Total Cost | ||||
Land | 7 | |||
Building & Improvements | 817 | |||
Total | 824 | 824 | ||
Accumulated Depreciation | 430 | 430 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 824 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 430 | |||
Hewlett Crossing I & II [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 30,132 | |||
Initial Cost | ||||
Land | 11,850 | |||
Building & Improvements | 18,205 | |||
Costs Capitalized Subsequent to Acquisition | (680) | |||
Total Cost | ||||
Land | 11,850 | |||
Building & Improvements | 18,885 | |||
Total | 30,735 | 30,735 | ||
Accumulated Depreciation | 603 | 603 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 9,559 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 30,735 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 603 | |||
Hibernia Pavilion [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 7,186 | |||
Initial Cost | ||||
Land | 4,929 | |||
Building & Improvements | 5,065 | |||
Costs Capitalized Subsequent to Acquisition | (162) | |||
Total Cost | ||||
Land | 4,929 | |||
Building & Improvements | 5,227 | |||
Total | 10,156 | 10,156 | ||
Accumulated Depreciation | 2,970 | 2,970 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 10,156 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 2,970 | |||
Hickory Creek Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 6,375 | |||
Initial Cost | ||||
Land | 5,629 | |||
Building & Improvements | 4,564 | |||
Costs Capitalized Subsequent to Acquisition | (445) | |||
Total Cost | ||||
Land | 5,629 | |||
Building & Improvements | 5,009 | |||
Total | 10,638 | 10,638 | ||
Accumulated Depreciation | 4,263 | 4,263 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 10,638 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 4,263 | |||
Hillcrest Village [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 2,563 | |||
Initial Cost | ||||
Land | 1,600 | |||
Building & Improvements | 1,909 | |||
Costs Capitalized Subsequent to Acquisition | (51) | |||
Total Cost | ||||
Land | 1,600 | |||
Building & Improvements | 1,960 | |||
Total | 3,560 | 3,560 | ||
Accumulated Depreciation | 997 | 997 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 3,560 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 997 | |||
Hilltop Village [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 8,873 | |||
Initial Cost | ||||
Land | 2,995 | |||
Building & Improvements | 4,581 | |||
Costs Capitalized Subsequent to Acquisition | (3,593) | |||
Total Cost | ||||
Land | 3,104 | |||
Building & Improvements | 8,065 | |||
Total | 11,169 | 11,169 | ||
Accumulated Depreciation | 2,296 | 2,296 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 11,169 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 2,296 | |||
Hinsdale [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 21,275 | |||
Initial Cost | ||||
Land | 5,734 | |||
Building & Improvements | 16,709 | |||
Costs Capitalized Subsequent to Acquisition | (11,498) | |||
Total Cost | ||||
Land | 8,343 | |||
Building & Improvements | 25,598 | |||
Total | 33,941 | 33,941 | ||
Accumulated Depreciation | 12,666 | 12,666 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 33,941 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 12,666 | |||
Holly Park [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 28,296 | |||
Initial Cost | ||||
Land | 8,975 | |||
Building & Improvements | 23,799 | |||
Costs Capitalized Subsequent to Acquisition | (112) | |||
Total Cost | ||||
Land | 8,828 | |||
Building & Improvements | 23,834 | |||
Total | 32,662 | 32,662 | ||
Accumulated Depreciation | 4,366 | 4,366 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 32,662 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 4,366 | |||
Homestead McDonald's [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 2,214 | |||
Initial Cost | ||||
Land | 2,229 | |||
Building & Improvements | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Total Cost | ||||
Land | 2,229 | |||
Building & Improvements | 0 | |||
Total | 2,229 | 2,229 | ||
Accumulated Depreciation | 15 | 15 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 2,229 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 15 | |||
Howell Mill Village [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 15,902 | |||
Initial Cost | ||||
Land | 5,157 | |||
Building & Improvements | 14,279 | |||
Costs Capitalized Subsequent to Acquisition | (2,692) | |||
Total Cost | ||||
Land | 5,157 | |||
Building & Improvements | 16,971 | |||
Total | 22,128 | 22,128 | ||
Accumulated Depreciation | 6,226 | 6,226 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 22,128 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 6,226 | |||
Hyde Park [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 28,210 | |||
Initial Cost | ||||
Land | 9,809 | |||
Building & Improvements | 39,905 | |||
Costs Capitalized Subsequent to Acquisition | (3,522) | |||
Total Cost | ||||
Land | 9,809 | |||
Building & Improvements | 43,427 | |||
Total | 53,236 | 53,236 | ||
Accumulated Depreciation | 25,026 | 25,026 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 53,236 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 25,026 | |||
Indian Springs [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 47,093 | |||
Initial Cost | ||||
Land | 24,974 | |||
Building & Improvements | 25,903 | |||
Costs Capitalized Subsequent to Acquisition | (204) | |||
Total Cost | ||||
Land | 25,034 | |||
Building & Improvements | 26,047 | |||
Total | 51,081 | 51,081 | ||
Accumulated Depreciation | 3,988 | 3,988 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 51,081 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 3,988 | |||
Inglewood Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 2,620 | |||
Initial Cost | ||||
Land | 1,300 | |||
Building & Improvements | 2,159 | |||
Costs Capitalized Subsequent to Acquisition | (657) | |||
Total Cost | ||||
Land | 1,300 | |||
Building & Improvements | 2,816 | |||
Total | 4,116 | 4,116 | ||
Accumulated Depreciation | 1,496 | 1,496 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 4,116 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,496 | |||
Jefferson Square [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 3,596 | |||
Initial Cost | ||||
Land | 5,167 | |||
Building & Improvements | 6,445 | |||
Costs Capitalized Subsequent to Acquisition | (7,219) | |||
Total Cost | ||||
Land | 1,894 | |||
Building & Improvements | 2,499 | |||
Total | 4,393 | 4,393 | ||
Accumulated Depreciation | 797 | 797 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 4,393 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 797 | |||
Keller Town Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 9,014 | |||
Initial Cost | ||||
Land | 2,294 | |||
Building & Improvements | 12,841 | |||
Costs Capitalized Subsequent to Acquisition | (666) | |||
Total Cost | ||||
Land | 2,404 | |||
Building & Improvements | 13,397 | |||
Total | 15,801 | 15,801 | ||
Accumulated Depreciation | 6,787 | 6,787 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 15,801 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 6,787 | |||
Kent Place [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 8,393 | |||
Initial Cost | ||||
Land | 4,855 | |||
Building & Improvements | 3,586 | |||
Costs Capitalized Subsequent to Acquisition | (938) | |||
Total Cost | ||||
Land | 5,269 | |||
Building & Improvements | 4,110 | |||
Total | 9,379 | 9,379 | ||
Accumulated Depreciation | 986 | 986 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 8,250 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 9,379 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 986 | |||
Kirkman Shoppes [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 34,320 | |||
Initial Cost | ||||
Land | 9,364 | |||
Building & Improvements | 26,243 | |||
Costs Capitalized Subsequent to Acquisition | (540) | |||
Total Cost | ||||
Land | 9,367 | |||
Building & Improvements | 26,780 | |||
Total | 36,147 | 36,147 | ||
Accumulated Depreciation | 1,827 | 1,827 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 36,147 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,827 | |||
Kirkwood Commons [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 19,295 | |||
Initial Cost | ||||
Land | 6,772 | |||
Building & Improvements | 16,224 | |||
Costs Capitalized Subsequent to Acquisition | (838) | |||
Total Cost | ||||
Land | 6,802 | |||
Building & Improvements | 17,032 | |||
Total | 23,834 | 23,834 | ||
Accumulated Depreciation | 4,539 | 4,539 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 8,742 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 23,834 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 4,539 | |||
Klahanie Shopping Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 33,124 | |||
Initial Cost | ||||
Land | 14,451 | |||
Building & Improvements | 20,089 | |||
Costs Capitalized Subsequent to Acquisition | (490) | |||
Total Cost | ||||
Land | 14,451 | |||
Building & Improvements | 20,579 | |||
Total | 35,030 | 35,030 | ||
Accumulated Depreciation | 1,906 | 1,906 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 35,030 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,906 | |||
Kroger New Albany Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 6,249 | |||
Initial Cost | ||||
Land | 3,844 | |||
Building & Improvements | 6,599 | |||
Costs Capitalized Subsequent to Acquisition | (1,278) | |||
Total Cost | ||||
Land | 3,844 | |||
Building & Improvements | 7,877 | |||
Total | 11,721 | 11,721 | ||
Accumulated Depreciation | 5,472 | 5,472 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 11,721 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 5,472 | |||
Lake mary Centre [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 77,542 | |||
Initial Cost | ||||
Land | 24,036 | |||
Building & Improvements | 57,476 | |||
Costs Capitalized Subsequent to Acquisition | (576) | |||
Total Cost | ||||
Land | 24,036 | |||
Building & Improvements | 58,052 | |||
Total | 82,088 | 82,088 | ||
Accumulated Depreciation | 4,546 | 4,546 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 82,088 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 4,546 | |||
Lake Pine Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 5,853 | |||
Initial Cost | ||||
Land | 2,008 | |||
Building & Improvements | 7,632 | |||
Costs Capitalized Subsequent to Acquisition | (767) | |||
Total Cost | ||||
Land | 2,029 | |||
Building & Improvements | 8,378 | |||
Total | 10,407 | 10,407 | ||
Accumulated Depreciation | 4,554 | 4,554 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 10,407 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 4,554 | |||
Lantana Outparcels [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 4,557 | |||
Initial Cost | ||||
Land | 3,710 | |||
Building & Improvements | 1,004 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Total Cost | ||||
Land | 3,710 | |||
Building & Improvements | 1,004 | |||
Total | 4,714 | 4,714 | ||
Accumulated Depreciation | 157 | 157 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 4,714 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 157 | |||
Lebanon Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 6,573 | |||
Initial Cost | ||||
Land | 3,913 | |||
Building & Improvements | 7,874 | |||
Costs Capitalized Subsequent to Acquisition | (689) | |||
Total Cost | ||||
Land | 3,913 | |||
Building & Improvements | 8,563 | |||
Total | 12,476 | 12,476 | ||
Accumulated Depreciation | 5,903 | 5,903 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 12,476 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 5,903 | |||
Littleton Square [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 4,836 | |||
Initial Cost | ||||
Land | 2,030 | |||
Building & Improvements | 8,859 | |||
Costs Capitalized Subsequent to Acquisition | 3,867 | |||
Total Cost | ||||
Land | 2,423 | |||
Building & Improvements | 4,599 | |||
Total | 7,022 | 7,022 | ||
Accumulated Depreciation | 2,186 | 2,186 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 7,022 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 2,186 | |||
Lloyd King Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 6,828 | |||
Initial Cost | ||||
Land | 1,779 | |||
Building & Improvements | 10,060 | |||
Costs Capitalized Subsequent to Acquisition | (1,213) | |||
Total Cost | ||||
Land | 1,779 | |||
Building & Improvements | 11,273 | |||
Total | 13,052 | 13,052 | ||
Accumulated Depreciation | 6,224 | 6,224 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 13,052 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 6,224 | |||
Lower Nazareth Commons [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 24,004 | |||
Initial Cost | ||||
Land | 15,992 | |||
Building & Improvements | 12,964 | |||
Costs Capitalized Subsequent to Acquisition | (3,664) | |||
Total Cost | ||||
Land | 16,343 | |||
Building & Improvements | 16,277 | |||
Total | 32,620 | 32,620 | ||
Accumulated Depreciation | 8,616 | 8,616 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 32,620 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 8,616 | |||
Mandarin Landing [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 33,416 | |||
Initial Cost | ||||
Land | 7,913 | |||
Building & Improvements | 27,230 | |||
Costs Capitalized Subsequent to Acquisition | (309) | |||
Total Cost | ||||
Land | 7,913 | |||
Building & Improvements | 27,539 | |||
Total | 35,452 | 35,452 | ||
Accumulated Depreciation | 2,036 | 2,036 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 35,452 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 2,036 | |||
Market at Colonnade Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 12,504 | |||
Initial Cost | ||||
Land | 6,455 | |||
Building & Improvements | 9,839 | |||
Costs Capitalized Subsequent to Acquisition | (87) | |||
Total Cost | ||||
Land | 6,160 | |||
Building & Improvements | 10,221 | |||
Total | 16,381 | 16,381 | ||
Accumulated Depreciation | 3,877 | 3,877 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 16,381 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 3,877 | |||
Market at Preston Forest [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 10,221 | |||
Initial Cost | ||||
Land | 4,400 | |||
Building & Improvements | 11,445 | |||
Costs Capitalized Subsequent to Acquisition | (1,291) | |||
Total Cost | ||||
Land | 4,400 | |||
Building & Improvements | 12,736 | |||
Total | 17,136 | 17,136 | ||
Accumulated Depreciation | 6,915 | 6,915 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 17,136 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 6,915 | |||
Market at Round Rock [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 8,642 | |||
Initial Cost | ||||
Land | 2,000 | |||
Building & Improvements | 9,676 | |||
Costs Capitalized Subsequent to Acquisition | (6,543) | |||
Total Cost | ||||
Land | 1,996 | |||
Building & Improvements | 16,223 | |||
Total | 18,219 | 18,219 | ||
Accumulated Depreciation | 9,577 | 9,577 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 18,219 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 9,577 | |||
The Market at Springwoods Village [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 24,075 | |||
Initial Cost | ||||
Land | 12,712 | |||
Building & Improvements | 12,351 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Total Cost | ||||
Land | 12,712 | |||
Building & Improvements | 12,351 | |||
Total | 25,063 | 25,063 | ||
Accumulated Depreciation | 988 | 988 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 10,309 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 25,063 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 988 | |||
Market Common Clarendon [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 267,044 | |||
Initial Cost | ||||
Land | 154,932 | |||
Building & Improvements | 126,328 | |||
Costs Capitalized Subsequent to Acquisition | (712) | |||
Total Cost | ||||
Land | 154,932 | |||
Building & Improvements | 127,040 | |||
Total | 281,972 | 281,972 | ||
Accumulated Depreciation | 14,928 | 14,928 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 281,972 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 14,928 | |||
Marketplace at Briargate [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 4,010 | |||
Initial Cost | ||||
Land | 1,706 | |||
Building & Improvements | 4,885 | |||
Costs Capitalized Subsequent to Acquisition | (87) | |||
Total Cost | ||||
Land | 1,727 | |||
Building & Improvements | 4,951 | |||
Total | 6,678 | 6,678 | ||
Accumulated Depreciation | 2,668 | 2,668 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 6,678 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 2,668 | |||
Mellody Farm [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 89,002 | |||
Initial Cost | ||||
Land | 34,866 | |||
Building & Improvements | 54,861 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Total Cost | ||||
Land | 34,866 | |||
Building & Improvements | 54,861 | |||
Total | 89,727 | 89,727 | ||
Accumulated Depreciation | 725 | 725 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 89,727 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 725 | |||
Millhopper Shopping Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 5,505 | |||
Initial Cost | ||||
Land | 1,073 | |||
Building & Improvements | 5,358 | |||
Costs Capitalized Subsequent to Acquisition | (5,980) | |||
Total Cost | ||||
Land | 1,901 | |||
Building & Improvements | 10,510 | |||
Total | 12,411 | 12,411 | ||
Accumulated Depreciation | 6,906 | 6,906 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 12,411 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 6,906 | |||
Mockingbird Common [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 9,457 | |||
Initial Cost | ||||
Land | 3,000 | |||
Building & Improvements | 10,728 | |||
Costs Capitalized Subsequent to Acquisition | (2,176) | |||
Total Cost | ||||
Land | 3,000 | |||
Building & Improvements | 12,904 | |||
Total | 15,904 | 15,904 | ||
Accumulated Depreciation | 6,447 | 6,447 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 15,904 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 6,447 | |||
Monument Jackson Creek [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 5,008 | |||
Initial Cost | ||||
Land | 2,999 | |||
Building & Improvements | 6,765 | |||
Costs Capitalized Subsequent to Acquisition | (807) | |||
Total Cost | ||||
Land | 2,999 | |||
Building & Improvements | 7,572 | |||
Total | 10,571 | 10,571 | ||
Accumulated Depreciation | 5,563 | 5,563 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 10,571 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 5,563 | |||
Morningside Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 11,307 | |||
Initial Cost | ||||
Land | 4,300 | |||
Building & Improvements | 13,951 | |||
Costs Capitalized Subsequent to Acquisition | (868) | |||
Total Cost | ||||
Land | 4,300 | |||
Building & Improvements | 14,819 | |||
Total | 19,119 | 19,119 | ||
Accumulated Depreciation | 7,812 | 7,812 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 19,119 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 7,812 | |||
Murrayhill Marketplace [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 21,473 | |||
Initial Cost | ||||
Land | 2,670 | |||
Building & Improvements | 18,401 | |||
Costs Capitalized Subsequent to Acquisition | (13,193) | |||
Total Cost | ||||
Land | 2,903 | |||
Building & Improvements | 31,361 | |||
Total | 34,264 | 34,264 | ||
Accumulated Depreciation | 12,791 | 12,791 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 34,264 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 12,791 | |||
Naples Walk [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 26,660 | |||
Initial Cost | ||||
Land | 18,173 | |||
Building & Improvements | 13,554 | |||
Costs Capitalized Subsequent to Acquisition | (1,126) | |||
Total Cost | ||||
Land | 18,173 | |||
Building & Improvements | 14,680 | |||
Total | 32,853 | 32,853 | ||
Accumulated Depreciation | 6,193 | 6,193 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 32,853 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 6,193 | |||
Newberry Square [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 5,094 | |||
Initial Cost | ||||
Land | 2,412 | |||
Building & Improvements | 10,150 | |||
Costs Capitalized Subsequent to Acquisition | (834) | |||
Total Cost | ||||
Land | 2,412 | |||
Building & Improvements | 10,984 | |||
Total | 13,396 | 13,396 | ||
Accumulated Depreciation | 8,302 | 8,302 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 13,396 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 8,302 | |||
Newland Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 23,550 | |||
Initial Cost | ||||
Land | 12,500 | |||
Building & Improvements | 10,697 | |||
Costs Capitalized Subsequent to Acquisition | (8,247) | |||
Total Cost | ||||
Land | 16,192 | |||
Building & Improvements | 15,252 | |||
Total | 31,444 | 31,444 | ||
Accumulated Depreciation | 7,894 | 7,894 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 31,444 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 7,894 | |||
Nocatee Town Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 20,861 | |||
Initial Cost | ||||
Land | 10,124 | |||
Building & Improvements | 8,691 | |||
Costs Capitalized Subsequent to Acquisition | (7,358) | |||
Total Cost | ||||
Land | 10,582 | |||
Building & Improvements | 15,591 | |||
Total | 26,173 | 26,173 | ||
Accumulated Depreciation | 5,312 | 5,312 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 26,173 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 5,312 | |||
North Hills [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 14,938 | |||
Initial Cost | ||||
Land | 4,900 | |||
Building & Improvements | 19,774 | |||
Costs Capitalized Subsequent to Acquisition | (1,372) | |||
Total Cost | ||||
Land | 4,900 | |||
Building & Improvements | 21,146 | |||
Total | 26,046 | 26,046 | ||
Accumulated Depreciation | 11,108 | 11,108 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 26,046 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 11,108 | |||
Northgate Marketplace [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 14,557 | |||
Initial Cost | ||||
Land | 5,668 | |||
Building & Improvements | 13,727 | |||
Costs Capitalized Subsequent to Acquisition | (52) | |||
Total Cost | ||||
Land | 4,995 | |||
Building & Improvements | 14,348 | |||
Total | 19,343 | 19,343 | ||
Accumulated Depreciation | 4,786 | 4,786 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 19,343 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 4,786 | |||
Northgate Ph II [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 39,244 | |||
Initial Cost | ||||
Land | 12,189 | |||
Building & Improvements | 30,160 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Total Cost | ||||
Land | 12,189 | |||
Building & Improvements | 30,160 | |||
Total | 42,349 | 42,349 | ||
Accumulated Depreciation | 3,105 | 3,105 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 42,349 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 3,105 | |||
Northgate Plaza (Maxtown Road) [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 8,554 | |||
Initial Cost | ||||
Land | 1,769 | |||
Building & Improvements | 6,652 | |||
Costs Capitalized Subsequent to Acquisition | 4,899 | |||
Total Cost | ||||
Land | 2,840 | |||
Building & Improvements | 10,480 | |||
Total | 13,320 | 13,320 | ||
Accumulated Depreciation | 4,766 | 4,766 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 13,320 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 4,766 | |||
Northgate Square [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 10,690 | |||
Initial Cost | ||||
Land | 5,011 | |||
Building & Improvements | 8,692 | |||
Costs Capitalized Subsequent to Acquisition | 1,073 | |||
Total Cost | ||||
Land | 5,011 | |||
Building & Improvements | 9,765 | |||
Total | 14,776 | 14,776 | ||
Accumulated Depreciation | 4,086 | 4,086 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 14,776 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 4,086 | |||
Northlake Village [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 9,002 | |||
Initial Cost | ||||
Land | 2,662 | |||
Building & Improvements | 11,284 | |||
Costs Capitalized Subsequent to Acquisition | 1,717 | |||
Total Cost | ||||
Land | 2,686 | |||
Building & Improvements | 12,977 | |||
Total | 15,663 | 15,663 | ||
Accumulated Depreciation | 6,661 | 6,661 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 15,663 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 6,661 | |||
Oak Shade Town Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 28,207 | |||
Initial Cost | ||||
Land | 6,591 | |||
Building & Improvements | 28,966 | |||
Costs Capitalized Subsequent to Acquisition | 670 | |||
Total Cost | ||||
Land | 6,591 | |||
Building & Improvements | 29,636 | |||
Total | 36,227 | 36,227 | ||
Accumulated Depreciation | 8,020 | 8,020 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 7,570 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 36,227 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 8,020 | |||
Oakbrook Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 11,802 | |||
Initial Cost | ||||
Land | 4,000 | |||
Building & Improvements | 6,668 | |||
Costs Capitalized Subsequent to Acquisition | 5,316 | |||
Total Cost | ||||
Land | 4,756 | |||
Building & Improvements | 11,228 | |||
Total | 15,984 | 15,984 | ||
Accumulated Depreciation | 4,182 | 4,182 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 15,984 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 4,182 | |||
Oakleaf Commons [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 9,586 | |||
Initial Cost | ||||
Land | 3,503 | |||
Building & Improvements | 11,671 | |||
Costs Capitalized Subsequent to Acquisition | 256 | |||
Total Cost | ||||
Land | 3,190 | |||
Building & Improvements | 12,240 | |||
Total | 15,430 | 15,430 | ||
Accumulated Depreciation | 5,844 | 5,844 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 15,430 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 5,844 | |||
Ocala Corners [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 9,089 | |||
Initial Cost | ||||
Land | 1,816 | |||
Building & Improvements | 10,515 | |||
Costs Capitalized Subsequent to Acquisition | 522 | |||
Total Cost | ||||
Land | 1,816 | |||
Building & Improvements | 11,037 | |||
Total | 12,853 | 12,853 | ||
Accumulated Depreciation | 3,764 | 3,764 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 4,148 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 12,853 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 3,764 | |||
Old St Augustine Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 14,476 | |||
Initial Cost | ||||
Land | 2,368 | |||
Building & Improvements | 11,405 | |||
Costs Capitalized Subsequent to Acquisition | 7,771 | |||
Total Cost | ||||
Land | 3,178 | |||
Building & Improvements | 18,366 | |||
Total | 21,544 | 21,544 | ||
Accumulated Depreciation | 7,068 | 7,068 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 21,544 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 7,068 | |||
Pablo Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 32,285 | |||
Initial Cost | ||||
Land | 11,894 | |||
Building & Improvements | 21,407 | |||
Costs Capitalized Subsequent to Acquisition | 2,322 | |||
Total Cost | ||||
Land | 12,596 | |||
Building & Improvements | 23,027 | |||
Total | 35,623 | 35,623 | ||
Accumulated Depreciation | 3,338 | 3,338 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 35,623 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 3,338 | |||
Paces Ferry Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 21,638 | |||
Initial Cost | ||||
Land | 2,812 | |||
Building & Improvements | 12,639 | |||
Costs Capitalized Subsequent to Acquisition | 14,626 | |||
Total Cost | ||||
Land | 8,318 | |||
Building & Improvements | 21,759 | |||
Total | 30,077 | 30,077 | ||
Accumulated Depreciation | 8,439 | 8,439 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 30,077 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 8,439 | |||
Panther Creek [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 21,430 | |||
Initial Cost | ||||
Land | 14,414 | |||
Building & Improvements | 14,748 | |||
Costs Capitalized Subsequent to Acquisition | 4,935 | |||
Total Cost | ||||
Land | 15,212 | |||
Building & Improvements | 18,885 | |||
Total | 34,097 | 34,097 | ||
Accumulated Depreciation | 12,667 | 12,667 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 34,097 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 12,667 | |||
Pavillion [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 36,348 | |||
Initial Cost | ||||
Land | 15,626 | |||
Building & Improvements | 22,124 | |||
Costs Capitalized Subsequent to Acquisition | 446 | |||
Total Cost | ||||
Land | 15,626 | |||
Building & Improvements | 22,570 | |||
Total | 38,196 | 38,196 | ||
Accumulated Depreciation | 1,848 | 1,848 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 38,196 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,848 | |||
Peartree Village [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 13,491 | |||
Initial Cost | ||||
Land | 5,197 | |||
Building & Improvements | 19,746 | |||
Costs Capitalized Subsequent to Acquisition | (873) | |||
Total Cost | ||||
Land | 5,197 | |||
Building & Improvements | 20,619 | |||
Total | 25,816 | 25,816 | ||
Accumulated Depreciation | 12,325 | 12,325 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 25,816 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 12,325 | |||
Persimmon Place [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 56,762 | |||
Initial Cost | ||||
Land | 25,975 | |||
Building & Improvements | 38,114 | |||
Costs Capitalized Subsequent to Acquisition | (187) | |||
Total Cost | ||||
Land | 26,692 | |||
Building & Improvements | 37,584 | |||
Total | 64,276 | 64,276 | ||
Accumulated Depreciation | 7,514 | 7,514 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 64,276 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 7,514 | |||
Piedmont Peachtree Crossing [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 60,801 | |||
Initial Cost | ||||
Land | 45,502 | |||
Building & Improvements | 16,642 | |||
Costs Capitalized Subsequent to Acquisition | (128) | |||
Total Cost | ||||
Land | 45,502 | |||
Building & Improvements | 16,770 | |||
Total | 62,272 | 62,272 | ||
Accumulated Depreciation | 1,471 | 1,471 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 62,272 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,471 | |||
Pike Creek [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 15,907 | |||
Initial Cost | ||||
Land | 5,153 | |||
Building & Improvements | 20,652 | |||
Costs Capitalized Subsequent to Acquisition | (2,555) | |||
Total Cost | ||||
Land | 5,251 | |||
Building & Improvements | 23,109 | |||
Total | 28,360 | 28,360 | ||
Accumulated Depreciation | 12,453 | 12,453 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 28,360 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 12,453 | |||
Pine Island [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 48,869 | |||
Initial Cost | ||||
Land | 21,086 | |||
Building & Improvements | 28,123 | |||
Costs Capitalized Subsequent to Acquisition | (2,432) | |||
Total Cost | ||||
Land | 21,086 | |||
Building & Improvements | 30,555 | |||
Total | 51,641 | 51,641 | ||
Accumulated Depreciation | 2,772 | 2,772 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 51,641 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 2,772 | |||
Pine Lake Village [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 12,120 | |||
Initial Cost | ||||
Land | 6,300 | |||
Building & Improvements | 10,991 | |||
Costs Capitalized Subsequent to Acquisition | (1,287) | |||
Total Cost | ||||
Land | 6,300 | |||
Building & Improvements | 12,278 | |||
Total | 18,578 | 18,578 | ||
Accumulated Depreciation | 6,458 | 6,458 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 18,578 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 6,458 | |||
Pine Ridge Square [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 35,578 | |||
Initial Cost | ||||
Land | 13,951 | |||
Building & Improvements | 23,147 | |||
Costs Capitalized Subsequent to Acquisition | (210) | |||
Total Cost | ||||
Land | 13,951 | |||
Building & Improvements | 23,357 | |||
Total | 37,308 | 37,308 | ||
Accumulated Depreciation | 1,730 | 1,730 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 37,308 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,730 | |||
Pine Tree Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 3,832 | |||
Initial Cost | ||||
Land | 668 | |||
Building & Improvements | 6,220 | |||
Costs Capitalized Subsequent to Acquisition | (626) | |||
Total Cost | ||||
Land | 668 | |||
Building & Improvements | 6,846 | |||
Total | 7,514 | 7,514 | ||
Accumulated Depreciation | 3,682 | 3,682 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 7,514 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 3,682 | |||
Pinecrest Place [Member] [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 15,610 | |||
Initial Cost | ||||
Land | 3,753 | |||
Building & Improvements | 12,310 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Total Cost | ||||
Land | 3,753 | |||
Building & Improvements | 12,310 | |||
Total | 16,063 | 16,063 | ||
Accumulated Depreciation | 453 | 453 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 16,063 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 453 | |||
Plaza Escuela [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 123,926 | |||
Initial Cost | ||||
Land | 24,829 | |||
Building & Improvements | 104,395 | |||
Costs Capitalized Subsequent to Acquisition | (174) | |||
Total Cost | ||||
Land | 24,829 | |||
Building & Improvements | 104,569 | |||
Total | 129,398 | 129,398 | ||
Accumulated Depreciation | 5,472 | 5,472 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 129,398 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 5,472 | |||
Plaza Hermosa [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 10,759 | |||
Initial Cost | ||||
Land | 4,200 | |||
Building & Improvements | 10,109 | |||
Costs Capitalized Subsequent to Acquisition | (3,045) | |||
Total Cost | ||||
Land | 4,202 | |||
Building & Improvements | 13,152 | |||
Total | 17,354 | 17,354 | ||
Accumulated Depreciation | 6,595 | 6,595 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 17,354 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 6,595 | |||
Pleasanton Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 44,878 | |||
Initial Cost | ||||
Land | 21,839 | |||
Building & Improvements | 24,743 | |||
Costs Capitalized Subsequent to Acquisition | (85) | |||
Total Cost | ||||
Land | 21,839 | |||
Building & Improvements | 24,828 | |||
Total | 46,667 | 46,667 | ||
Accumulated Depreciation | 1,789 | 1,789 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 46,667 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,789 | |||
Point 50 [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 10,159 | |||
Initial Cost | ||||
Land | 15,239 | |||
Building & Improvements | 11,367 | |||
Costs Capitalized Subsequent to Acquisition | 16,447 | |||
Total Cost | ||||
Land | 10,159 | |||
Building & Improvements | 0 | |||
Total | 10,159 | 10,159 | ||
Accumulated Depreciation | 0 | 0 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 10,159 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 0 | |||
Point Royale Shopping Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 37,486 | |||
Initial Cost | ||||
Land | 18,201 | |||
Building & Improvements | 14,889 | |||
Costs Capitalized Subsequent to Acquisition | (6,158) | |||
Total Cost | ||||
Land | 19,372 | |||
Building & Improvements | 19,876 | |||
Total | 39,248 | 39,248 | ||
Accumulated Depreciation | 1,762 | 1,762 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 39,248 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,762 | |||
Post Road Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 20,217 | |||
Initial Cost | ||||
Land | 15,240 | |||
Building & Improvements | 5,196 | |||
Costs Capitalized Subsequent to Acquisition | (152) | |||
Total Cost | ||||
Land | 15,240 | |||
Building & Improvements | 5,348 | |||
Total | 20,588 | 20,588 | ||
Accumulated Depreciation | 371 | 371 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 20,588 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 371 | |||
Potrero Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 243,921 | |||
Initial Cost | ||||
Land | 133,422 | |||
Building & Improvements | 116,758 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Total Cost | ||||
Land | 133,422 | |||
Building & Improvements | 116,758 | |||
Total | 250,180 | 250,180 | ||
Accumulated Depreciation | 6,259 | 6,259 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 250,180 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 6,259 | |||
Powell Street Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 25,898 | |||
Initial Cost | ||||
Land | 8,248 | |||
Building & Improvements | 30,716 | |||
Costs Capitalized Subsequent to Acquisition | (2,422) | |||
Total Cost | ||||
Land | 8,248 | |||
Building & Improvements | 33,138 | |||
Total | 41,386 | 41,386 | ||
Accumulated Depreciation | 15,488 | 15,488 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 41,386 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 15,488 | |||
Powers Ferry Square [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 15,281 | |||
Initial Cost | ||||
Land | 3,687 | |||
Building & Improvements | 17,965 | |||
Costs Capitalized Subsequent to Acquisition | (9,403) | |||
Total Cost | ||||
Land | 5,752 | |||
Building & Improvements | 25,303 | |||
Total | 31,055 | 31,055 | ||
Accumulated Depreciation | 15,774 | 15,774 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 31,055 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 15,774 | |||
Powers Ferry Village [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 2,581 | |||
Initial Cost | ||||
Land | 1,191 | |||
Building & Improvements | 4,672 | |||
Costs Capitalized Subsequent to Acquisition | (538) | |||
Total Cost | ||||
Land | 1,191 | |||
Building & Improvements | 5,210 | |||
Total | 6,401 | 6,401 | ||
Accumulated Depreciation | 3,820 | 3,820 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 6,401 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 3,820 | |||
Preston Park [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 26,950 | |||
Initial Cost | ||||
Land | 763 | |||
Building & Improvements | 30,438 | |||
Costs Capitalized Subsequent to Acquisition | (1,014) | |||
Total Cost | ||||
Land | 763 | |||
Building & Improvements | 31,452 | |||
Total | 32,215 | 32,215 | ||
Accumulated Depreciation | 5,265 | 5,265 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 32,215 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 5,265 | |||
Prestonbrook [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 9,532 | |||
Initial Cost | ||||
Land | 7,069 | |||
Building & Improvements | 8,622 | |||
Costs Capitalized Subsequent to Acquisition | (573) | |||
Total Cost | ||||
Land | 7,069 | |||
Building & Improvements | 9,195 | |||
Total | 16,264 | 16,264 | ||
Accumulated Depreciation | 6,732 | 6,732 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 16,264 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 6,732 | |||
Prosperity Centre [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 35,906 | |||
Initial Cost | ||||
Land | 11,682 | |||
Building & Improvements | 26,215 | |||
Costs Capitalized Subsequent to Acquisition | 38 | |||
Total Cost | ||||
Land | 11,681 | |||
Building & Improvements | 26,178 | |||
Total | 37,859 | 37,859 | ||
Accumulated Depreciation | 1,953 | 1,953 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 37,859 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,953 | |||
Ralphs Circle Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 26,683 | |||
Initial Cost | ||||
Land | 20,939 | |||
Building & Improvements | 6,317 | |||
Costs Capitalized Subsequent to Acquisition | 21 | |||
Total Cost | ||||
Land | 20,939 | |||
Building & Improvements | 6,296 | |||
Total | 27,235 | 27,235 | ||
Accumulated Depreciation | 552 | 552 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 27,235 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 552 | |||
Red Bank [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 18,848 | |||
Initial Cost | ||||
Land | 10,336 | |||
Building & Improvements | 9,505 | |||
Costs Capitalized Subsequent to Acquisition | (1,964) | |||
Total Cost | ||||
Land | 10,539 | |||
Building & Improvements | 11,266 | |||
Total | 21,805 | 21,805 | ||
Accumulated Depreciation | 2,957 | 2,957 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 21,805 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 2,957 | |||
Regency Commons [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 5,315 | |||
Initial Cost | ||||
Land | 3,917 | |||
Building & Improvements | 3,616 | |||
Costs Capitalized Subsequent to Acquisition | (307) | |||
Total Cost | ||||
Land | 3,917 | |||
Building & Improvements | 3,923 | |||
Total | 7,840 | 7,840 | ||
Accumulated Depreciation | 2,525 | 2,525 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 7,840 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 2,525 | |||
Regency Square [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 12,275 | |||
Initial Cost | ||||
Land | 4,770 | |||
Building & Improvements | 25,191 | |||
Costs Capitalized Subsequent to Acquisition | (6,281) | |||
Total Cost | ||||
Land | 5,060 | |||
Building & Improvements | 31,182 | |||
Total | 36,242 | 36,242 | ||
Accumulated Depreciation | 23,967 | 23,967 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 36,242 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 23,967 | |||
Rivertowns [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 67,398 | |||
Initial Cost | ||||
Land | 15,505 | |||
Building & Improvements | 52,505 | |||
Costs Capitalized Subsequent to Acquisition | (586) | |||
Total Cost | ||||
Land | 15,719 | |||
Building & Improvements | 52,877 | |||
Total | 68,596 | 68,596 | ||
Accumulated Depreciation | 1,198 | 1,198 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 68,596 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,198 | |||
Rona Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 3,693 | |||
Initial Cost | ||||
Land | 1,500 | |||
Building & Improvements | 4,917 | |||
Costs Capitalized Subsequent to Acquisition | (259) | |||
Total Cost | ||||
Land | 1,500 | |||
Building & Improvements | 5,176 | |||
Total | 6,676 | 6,676 | ||
Accumulated Depreciation | 2,983 | 2,983 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 6,676 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 2,983 | |||
Roosevelt Square [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 72,786 | |||
Initial Cost | ||||
Land | 40,371 | |||
Building & Improvements | 32,108 | |||
Costs Capitalized Subsequent to Acquisition | (1,324) | |||
Total Cost | ||||
Land | 40,382 | |||
Building & Improvements | 33,421 | |||
Total | 73,803 | 73,803 | ||
Accumulated Depreciation | 1,017 | 1,017 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 73,803 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,017 | |||
San Leandro Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 5,547 | |||
Initial Cost | ||||
Land | 1,300 | |||
Building & Improvements | 8,226 | |||
Costs Capitalized Subsequent to Acquisition | (615) | |||
Total Cost | ||||
Land | 1,300 | |||
Building & Improvements | 8,841 | |||
Total | 10,141 | 10,141 | ||
Accumulated Depreciation | 4,594 | 4,594 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 10,141 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 4,594 | |||
Sandy Springs [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 31,280 | |||
Initial Cost | ||||
Land | 6,889 | |||
Building & Improvements | 28,056 | |||
Costs Capitalized Subsequent to Acquisition | (2,874) | |||
Total Cost | ||||
Land | 6,889 | |||
Building & Improvements | 30,930 | |||
Total | 37,819 | 37,819 | ||
Accumulated Depreciation | 6,539 | 6,539 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 37,819 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 6,539 | |||
Sawgrass Promenade [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 22,404 | |||
Initial Cost | ||||
Land | 10,846 | |||
Building & Improvements | 12,525 | |||
Costs Capitalized Subsequent to Acquisition | (132) | |||
Total Cost | ||||
Land | 10,846 | |||
Building & Improvements | 12,657 | |||
Total | 23,503 | 23,503 | ||
Accumulated Depreciation | 1,099 | 1,099 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 23,503 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,099 | |||
Saugus [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 85,571 | |||
Initial Cost | ||||
Land | 59,949 | |||
Building & Improvements | 26,334 | |||
Costs Capitalized Subsequent to Acquisition | (306) | |||
Total Cost | ||||
Land | 59,949 | |||
Building & Improvements | 26,640 | |||
Total | 86,589 | 86,589 | ||
Accumulated Depreciation | 1,018 | 1,018 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 27,000 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 86,589 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,018 | |||
Sequoia Station [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 18,810 | |||
Initial Cost | ||||
Land | 9,100 | |||
Building & Improvements | 18,356 | |||
Costs Capitalized Subsequent to Acquisition | (1,791) | |||
Total Cost | ||||
Land | 9,100 | |||
Building & Improvements | 20,147 | |||
Total | 29,247 | 29,247 | ||
Accumulated Depreciation | 10,437 | 10,437 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 29,247 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 10,437 | |||
Serramonte Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 603,820 | |||
Initial Cost | ||||
Land | 390,106 | |||
Building & Improvements | 172,652 | |||
Costs Capitalized Subsequent to Acquisition | (54,176) | |||
Total Cost | ||||
Land | 409,772 | |||
Building & Improvements | 207,162 | |||
Total | 616,934 | 616,934 | ||
Accumulated Depreciation | 13,114 | 13,114 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 616,934 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 13,114 | |||
Shaw's at Plymouth [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 11,669 | |||
Initial Cost | ||||
Land | 3,968 | |||
Building & Improvements | 8,367 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Total Cost | ||||
Land | 3,968 | |||
Building & Improvements | 8,367 | |||
Total | 12,335 | 12,335 | ||
Accumulated Depreciation | 666 | 666 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 12,335 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 666 | |||
Sheridan Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 173,370 | |||
Initial Cost | ||||
Land | 82,260 | |||
Building & Improvements | 97,273 | |||
Costs Capitalized Subsequent to Acquisition | (651) | |||
Total Cost | ||||
Land | 82,260 | |||
Building & Improvements | 97,924 | |||
Total | 180,184 | 180,184 | ||
Accumulated Depreciation | 6,814 | 6,814 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 180,184 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 6,814 | |||
Sherwood Market Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 7,092 | |||
Initial Cost | ||||
Land | 2,731 | |||
Building & Improvements | 6,360 | |||
Costs Capitalized Subsequent to Acquisition | (1,176) | |||
Total Cost | ||||
Land | 2,731 | |||
Building & Improvements | 7,536 | |||
Total | 10,267 | 10,267 | ||
Accumulated Depreciation | 3,175 | 3,175 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 10,267 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 3,175 | |||
Shoppes @ 104 [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 11,088 | |||
Initial Cost | ||||
Land | 11,193 | |||
Building & Improvements | 0 | |||
Costs Capitalized Subsequent to Acquisition | (2,351) | |||
Total Cost | ||||
Land | 7,021 | |||
Building & Improvements | 6,523 | |||
Total | 13,544 | 13,544 | ||
Accumulated Depreciation | 2,456 | 2,456 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 13,544 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 2,456 | |||
Loehmanns Plaza California [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 11,075 | |||
Initial Cost | ||||
Land | 5,420 | |||
Building & Improvements | 9,450 | |||
Costs Capitalized Subsequent to Acquisition | (2,064) | |||
Total Cost | ||||
Land | 5,420 | |||
Building & Improvements | 11,514 | |||
Total | 16,934 | 16,934 | ||
Accumulated Depreciation | 5,859 | 5,859 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 16,934 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 5,859 | |||
Shoppes at Lago Mar [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 18,649 | |||
Initial Cost | ||||
Land | 8,323 | |||
Building & Improvements | 11,347 | |||
Costs Capitalized Subsequent to Acquisition | 36 | |||
Total Cost | ||||
Land | 8,323 | |||
Building & Improvements | 11,311 | |||
Total | 19,634 | 19,634 | ||
Accumulated Depreciation | 985 | 985 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 19,634 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 985 | |||
Shoppes at Sunlake Centre [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 30,454 | |||
Initial Cost | ||||
Land | 16,643 | |||
Building & Improvements | 15,091 | |||
Costs Capitalized Subsequent to Acquisition | (195) | |||
Total Cost | ||||
Land | 16,643 | |||
Building & Improvements | 15,286 | |||
Total | 31,929 | 31,929 | ||
Accumulated Depreciation | 1,475 | 1,475 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 31,929 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,475 | |||
Shoppes of Grande Oak [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 6,498 | |||
Initial Cost | ||||
Land | 5,091 | |||
Building & Improvements | 5,985 | |||
Costs Capitalized Subsequent to Acquisition | (489) | |||
Total Cost | ||||
Land | 5,091 | |||
Building & Improvements | 6,474 | |||
Total | 11,565 | 11,565 | ||
Accumulated Depreciation | 5,067 | 5,067 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 11,565 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 5,067 | |||
Shoppes of Jonathan's Landing [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 9,792 | |||
Initial Cost | ||||
Land | 4,474 | |||
Building & Improvements | 5,628 | |||
Costs Capitalized Subsequent to Acquisition | (149) | |||
Total Cost | ||||
Land | 4,474 | |||
Building & Improvements | 5,777 | |||
Total | 10,251 | 10,251 | ||
Accumulated Depreciation | 459 | 459 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 10,251 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 459 | |||
Shoppes of Oakbrook [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 61,008 | |||
Initial Cost | ||||
Land | 20,538 | |||
Building & Improvements | 42,992 | |||
Costs Capitalized Subsequent to Acquisition | (465) | |||
Total Cost | ||||
Land | 20,538 | |||
Building & Improvements | 43,457 | |||
Total | 63,995 | 63,995 | ||
Accumulated Depreciation | 2,987 | 2,987 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 4,626 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 63,995 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 2,987 | |||
Shoppes of Silver Lakes [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 37,478 | |||
Initial Cost | ||||
Land | 17,529 | |||
Building & Improvements | 21,829 | |||
Costs Capitalized Subsequent to Acquisition | 68 | |||
Total Cost | ||||
Land | 17,529 | |||
Building & Improvements | 21,761 | |||
Total | 39,290 | 39,290 | ||
Accumulated Depreciation | 1,812 | 1,812 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 39,290 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,812 | |||
Shoppes of Sunset [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 4,009 | |||
Initial Cost | ||||
Land | 2,860 | |||
Building & Improvements | 1,316 | |||
Costs Capitalized Subsequent to Acquisition | 21 | |||
Total Cost | ||||
Land | 2,860 | |||
Building & Improvements | 1,295 | |||
Total | 4,155 | 4,155 | ||
Accumulated Depreciation | 146 | 146 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 4,155 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 146 | |||
Shoppes of Sunset II [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 3,435 | |||
Initial Cost | ||||
Land | 2,834 | |||
Building & Improvements | 715 | |||
Costs Capitalized Subsequent to Acquisition | (9) | |||
Total Cost | ||||
Land | 2,834 | |||
Building & Improvements | 724 | |||
Total | 3,558 | 3,558 | ||
Accumulated Depreciation | 123 | 123 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 3,558 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 123 | |||
Shops at County Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 13,479 | |||
Initial Cost | ||||
Land | 9,957 | |||
Building & Improvements | 11,296 | |||
Costs Capitalized Subsequent to Acquisition | (925) | |||
Total Cost | ||||
Land | 10,254 | |||
Building & Improvements | 11,924 | |||
Total | 22,178 | 22,178 | ||
Accumulated Depreciation | 8,699 | 8,699 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 22,178 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 8,699 | |||
Shops at Erwin Mill [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 13,209 | |||
Initial Cost | ||||
Land | 9,082 | |||
Building & Improvements | 6,124 | |||
Costs Capitalized Subsequent to Acquisition | (246) | |||
Total Cost | ||||
Land | 9,082 | |||
Building & Improvements | 6,370 | |||
Total | 15,452 | 15,452 | ||
Accumulated Depreciation | 2,243 | 2,243 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 10,000 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 15,452 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 2,243 | |||
Shops at Johns Creek [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 2,209 | |||
Initial Cost | ||||
Land | 1,863 | |||
Building & Improvements | 2,014 | |||
Costs Capitalized Subsequent to Acquisition | 334 | |||
Total Cost | ||||
Land | 1,501 | |||
Building & Improvements | 2,042 | |||
Total | 3,543 | 3,543 | ||
Accumulated Depreciation | 1,334 | 1,334 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 3,543 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,334 | |||
Shops at Mira Vista [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 19,075 | |||
Initial Cost | ||||
Land | 11,691 | |||
Building & Improvements | 9,026 | |||
Costs Capitalized Subsequent to Acquisition | (137) | |||
Total Cost | ||||
Land | 11,691 | |||
Building & Improvements | 9,163 | |||
Total | 20,854 | 20,854 | ||
Accumulated Depreciation | 1,779 | 1,779 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 225 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 20,854 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,779 | |||
Shops at Quail Creek [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 6,222 | |||
Initial Cost | ||||
Land | 1,487 | |||
Building & Improvements | 7,717 | |||
Costs Capitalized Subsequent to Acquisition | (454) | |||
Total Cost | ||||
Land | 1,458 | |||
Building & Improvements | 8,200 | |||
Total | 9,658 | 9,658 | ||
Accumulated Depreciation | 3,436 | 3,436 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 9,658 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 3,436 | |||
Shops on Main [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 46,693 | |||
Initial Cost | ||||
Land | 17,020 | |||
Building & Improvements | 27,055 | |||
Costs Capitalized Subsequent to Acquisition | (10,252) | |||
Total Cost | ||||
Land | 18,555 | |||
Building & Improvements | 35,772 | |||
Total | 54,327 | 54,327 | ||
Accumulated Depreciation | 7,634 | 7,634 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 54,327 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 7,634 | |||
Siegen Village [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 17,112 | |||
Initial Cost | ||||
Land | 6,462 | |||
Building & Improvements | 11,834 | |||
Costs Capitalized Subsequent to Acquisition | (268) | |||
Total Cost | ||||
Land | 6,462 | |||
Building & Improvements | 12,102 | |||
Total | 18,564 | 18,564 | ||
Accumulated Depreciation | 1,452 | 1,452 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 18,564 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,452 | |||
Delk Spectrum [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 9,904 | |||
Initial Cost | ||||
Land | 2,985 | |||
Building & Improvements | 12,001 | |||
Costs Capitalized Subsequent to Acquisition | (3,027) | |||
Total Cost | ||||
Land | 3,332 | |||
Building & Improvements | 14,681 | |||
Total | 18,013 | 18,013 | ||
Accumulated Depreciation | 8,109 | 8,109 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 18,013 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 8,109 | |||
South Bay Village [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 25,078 | |||
Initial Cost | ||||
Land | 11,714 | |||
Building & Improvements | 15,580 | |||
Costs Capitalized Subsequent to Acquisition | (1,739) | |||
Total Cost | ||||
Land | 11,776 | |||
Building & Improvements | 17,257 | |||
Total | 29,033 | 29,033 | ||
Accumulated Depreciation | 3,955 | 3,955 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 29,033 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 3,955 | |||
Southcenter [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 8,570 | |||
Initial Cost | ||||
Land | 1,300 | |||
Building & Improvements | 12,750 | |||
Costs Capitalized Subsequent to Acquisition | (2,088) | |||
Total Cost | ||||
Land | 1,300 | |||
Building & Improvements | 14,838 | |||
Total | 16,138 | 16,138 | ||
Accumulated Depreciation | 7,568 | 7,568 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 16,138 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 7,568 | |||
Southpark at Cinco Ranch [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 31,834 | |||
Initial Cost | ||||
Land | 18,395 | |||
Building & Improvements | 11,306 | |||
Costs Capitalized Subsequent to Acquisition | (7,371) | |||
Total Cost | ||||
Land | 21,438 | |||
Building & Improvements | 15,634 | |||
Total | 37,072 | 37,072 | ||
Accumulated Depreciation | 5,238 | 5,238 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 37,072 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 5,238 | |||
SouthPoint Crossing [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 10,814 | |||
Initial Cost | ||||
Land | 4,412 | |||
Building & Improvements | 12,235 | |||
Costs Capitalized Subsequent to Acquisition | (1,049) | |||
Total Cost | ||||
Land | 4,382 | |||
Building & Improvements | 13,314 | |||
Total | 17,696 | 17,696 | ||
Accumulated Depreciation | 6,882 | 6,882 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 17,696 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 6,882 | |||
Starke [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 990 | |||
Initial Cost | ||||
Land | 71 | |||
Building & Improvements | 1,683 | |||
Costs Capitalized Subsequent to Acquisition | (7) | |||
Total Cost | ||||
Land | 71 | |||
Building & Improvements | 1,690 | |||
Total | 1,761 | 1,761 | ||
Accumulated Depreciation | 771 | 771 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 1,761 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 771 | |||
Sterling Ridge [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 16,238 | |||
Initial Cost | ||||
Land | 12,846 | |||
Building & Improvements | 12,162 | |||
Costs Capitalized Subsequent to Acquisition | (826) | |||
Total Cost | ||||
Land | 12,846 | |||
Building & Improvements | 12,988 | |||
Total | 25,834 | 25,834 | ||
Accumulated Depreciation | 9,596 | 9,596 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 25,834 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 9,596 | |||
Stroh Ranch [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 6,852 | |||
Initial Cost | ||||
Land | 4,280 | |||
Building & Improvements | 8,189 | |||
Costs Capitalized Subsequent to Acquisition | (659) | |||
Total Cost | ||||
Land | 4,280 | |||
Building & Improvements | 8,848 | |||
Total | 13,128 | 13,128 | ||
Accumulated Depreciation | 6,276 | 6,276 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 13,128 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 6,276 | |||
Suncoast Crossing [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 18,026 | |||
Initial Cost | ||||
Land | 9,030 | |||
Building & Improvements | 10,764 | |||
Costs Capitalized Subsequent to Acquisition | (4,569) | |||
Total Cost | ||||
Land | 13,374 | |||
Building & Improvements | 10,989 | |||
Total | 24,363 | 24,363 | ||
Accumulated Depreciation | 6,337 | 6,337 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 24,363 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 6,337 | |||
Tanasbourne Market [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 8,900 | |||
Initial Cost | ||||
Land | 3,269 | |||
Building & Improvements | 10,861 | |||
Costs Capitalized Subsequent to Acquisition | (272) | |||
Total Cost | ||||
Land | 3,269 | |||
Building & Improvements | 10,589 | |||
Total | 13,858 | 13,858 | ||
Accumulated Depreciation | 4,958 | 4,958 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 13,858 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 4,958 | |||
Tassajara Crossing [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 17,104 | |||
Initial Cost | ||||
Land | 8,560 | |||
Building & Improvements | 15,464 | |||
Costs Capitalized Subsequent to Acquisition | (1,630) | |||
Total Cost | ||||
Land | 8,560 | |||
Building & Improvements | 17,094 | |||
Total | 25,654 | 25,654 | ||
Accumulated Depreciation | 8,550 | 8,550 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 25,654 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 8,550 | |||
Tech Ridge [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 36,300 | |||
Initial Cost | ||||
Land | 12,945 | |||
Building & Improvements | 37,169 | |||
Costs Capitalized Subsequent to Acquisition | 14 | |||
Total Cost | ||||
Land | 12,945 | |||
Building & Improvements | 37,155 | |||
Total | 50,100 | 50,100 | ||
Accumulated Depreciation | 13,800 | 13,800 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 5,694 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 50,100 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 13,800 | |||
The Hub Hillcrest Market [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 73,557 | |||
Initial Cost | ||||
Land | 18,773 | |||
Building & Improvements | 61,906 | |||
Costs Capitalized Subsequent to Acquisition | (5,059) | |||
Total Cost | ||||
Land | 19,611 | |||
Building & Improvements | 66,127 | |||
Total | 85,738 | 85,738 | ||
Accumulated Depreciation | 12,181 | 12,181 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 85,738 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 12,181 | |||
Town Square [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 4,363 | |||
Initial Cost | ||||
Land | 883 | |||
Building & Improvements | 8,132 | |||
Costs Capitalized Subsequent to Acquisition | (378) | |||
Total Cost | ||||
Land | 883 | |||
Building & Improvements | 8,510 | |||
Total | 9,393 | 9,393 | ||
Accumulated Depreciation | 5,030 | 5,030 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 9,393 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 5,030 | |||
Twin City Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 47,383 | |||
Initial Cost | ||||
Land | 17,245 | |||
Building & Improvements | 44,225 | |||
Costs Capitalized Subsequent to Acquisition | (2,295) | |||
Total Cost | ||||
Land | 17,263 | |||
Building & Improvements | 46,502 | |||
Total | 63,765 | 63,765 | ||
Accumulated Depreciation | 16,382 | 16,382 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 63,765 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 16,382 | |||
Twin Peaks [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 18,946 | |||
Initial Cost | ||||
Land | 5,200 | |||
Building & Improvements | 25,827 | |||
Costs Capitalized Subsequent to Acquisition | (1,866) | |||
Total Cost | ||||
Land | 5,200 | |||
Building & Improvements | 27,693 | |||
Total | 32,893 | 32,893 | ||
Accumulated Depreciation | 13,947 | 13,947 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 32,893 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 13,947 | |||
University Commons [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 30,626 | |||
Initial Cost | ||||
Land | 4,070 | |||
Building & Improvements | 30,785 | |||
Costs Capitalized Subsequent to Acquisition | (5) | |||
Total Cost | ||||
Land | 4,070 | |||
Building & Improvements | 30,790 | |||
Total | 34,860 | 34,860 | ||
Accumulated Depreciation | 4,234 | 4,234 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 36,425 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 34,860 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 4,234 | |||
South Bay Regional [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 77,843 | |||
Initial Cost | ||||
Land | 28,188 | |||
Building & Improvements | 53,405 | |||
Costs Capitalized Subsequent to Acquisition | (490) | |||
Total Cost | ||||
Land | 28,188 | |||
Building & Improvements | 53,895 | |||
Total | 82,083 | 82,083 | ||
Accumulated Depreciation | 4,240 | 4,240 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 82,083 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 4,240 | |||
Valencia Crossroads [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 20,964 | |||
Initial Cost | ||||
Land | 17,921 | |||
Building & Improvements | 17,659 | |||
Costs Capitalized Subsequent to Acquisition | (1,207) | |||
Total Cost | ||||
Land | 17,921 | |||
Building & Improvements | 18,866 | |||
Total | 36,787 | 36,787 | ||
Accumulated Depreciation | 15,823 | 15,823 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 36,787 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 15,823 | |||
Village at La Floresta [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 30,097 | |||
Initial Cost | ||||
Land | 13,140 | |||
Building & Improvements | 20,571 | |||
Costs Capitalized Subsequent to Acquisition | 272 | |||
Total Cost | ||||
Land | 13,156 | |||
Building & Improvements | 20,283 | |||
Total | 33,439 | 33,439 | ||
Accumulated Depreciation | 3,342 | 3,342 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 33,439 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 3,342 | |||
Village at Lee Airpark [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 18,600 | |||
Initial Cost | ||||
Land | 11,099 | |||
Building & Improvements | 12,968 | |||
Costs Capitalized Subsequent to Acquisition | (3,485) | |||
Total Cost | ||||
Land | 12,007 | |||
Building & Improvements | 15,545 | |||
Total | 27,552 | 27,552 | ||
Accumulated Depreciation | 8,952 | 8,952 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 27,552 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 8,952 | |||
Village Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 17,529 | |||
Initial Cost | ||||
Land | 3,885 | |||
Building & Improvements | 14,131 | |||
Costs Capitalized Subsequent to Acquisition | (8,974) | |||
Total Cost | ||||
Land | 5,480 | |||
Building & Improvements | 21,510 | |||
Total | 26,990 | 26,990 | ||
Accumulated Depreciation | 9,461 | 9,461 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 26,990 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 9,461 | |||
Walker Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 8,651 | |||
Initial Cost | ||||
Land | 3,840 | |||
Building & Improvements | 7,232 | |||
Costs Capitalized Subsequent to Acquisition | (4,151) | |||
Total Cost | ||||
Land | 3,878 | |||
Building & Improvements | 11,345 | |||
Total | 15,223 | 15,223 | ||
Accumulated Depreciation | 6,572 | 6,572 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 15,223 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 6,572 | |||
Star's at Cambridge [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 43,683 | |||
Initial Cost | ||||
Land | 31,082 | |||
Building & Improvements | 13,520 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Total Cost | ||||
Land | 31,082 | |||
Building & Improvements | 13,520 | |||
Total | 44,602 | 44,602 | ||
Accumulated Depreciation | 919 | 919 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 44,602 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 919 | |||
Star's at Quincy [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 35,417 | |||
Initial Cost | ||||
Land | 27,003 | |||
Building & Improvements | 9,425 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Total Cost | ||||
Land | 27,003 | |||
Building & Improvements | 9,425 | |||
Total | 36,428 | 36,428 | ||
Accumulated Depreciation | 1,011 | 1,011 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 36,428 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,011 | |||
Star's at West Roxbury [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 34,428 | |||
Initial Cost | ||||
Land | 21,973 | |||
Building & Improvements | 13,386 | |||
Costs Capitalized Subsequent to Acquisition | 9 | |||
Total Cost | ||||
Land | 21,973 | |||
Building & Improvements | 13,377 | |||
Total | 35,350 | 35,350 | ||
Accumulated Depreciation | 922 | 922 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 35,350 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 922 | |||
Welleby Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 3,353 | |||
Initial Cost | ||||
Land | 1,496 | |||
Building & Improvements | 7,787 | |||
Costs Capitalized Subsequent to Acquisition | (1,504) | |||
Total Cost | ||||
Land | 1,496 | |||
Building & Improvements | 9,291 | |||
Total | 10,787 | 10,787 | ||
Accumulated Depreciation | 7,434 | 7,434 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 10,787 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 7,434 | |||
Wellington Town Square [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 7,126 | |||
Initial Cost | ||||
Land | 2,041 | |||
Building & Improvements | 12,131 | |||
Costs Capitalized Subsequent to Acquisition | (111) | |||
Total Cost | ||||
Land | 2,041 | |||
Building & Improvements | 12,242 | |||
Total | 14,283 | 14,283 | ||
Accumulated Depreciation | 7,157 | 7,157 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 14,283 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 7,157 | |||
West Park Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 9,072 | |||
Initial Cost | ||||
Land | 5,840 | |||
Building & Improvements | 5,759 | |||
Costs Capitalized Subsequent to Acquisition | (1,590) | |||
Total Cost | ||||
Land | 5,840 | |||
Building & Improvements | 7,349 | |||
Total | 13,189 | 13,189 | ||
Accumulated Depreciation | 4,117 | 4,117 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 13,189 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 4,117 | |||
Westchase [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 10,957 | |||
Initial Cost | ||||
Land | 5,302 | |||
Building & Improvements | 8,273 | |||
Costs Capitalized Subsequent to Acquisition | (964) | |||
Total Cost | ||||
Land | 5,302 | |||
Building & Improvements | 9,237 | |||
Total | 14,539 | 14,539 | ||
Accumulated Depreciation | 3,582 | 3,582 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 14,539 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 3,582 | |||
Westchester Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 18,552 | |||
Initial Cost | ||||
Land | 3,366 | |||
Building & Improvements | 11,751 | |||
Costs Capitalized Subsequent to Acquisition | (10,722) | |||
Total Cost | ||||
Land | 4,894 | |||
Building & Improvements | 20,945 | |||
Total | 25,839 | 25,839 | ||
Accumulated Depreciation | 7,287 | 7,287 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 25,839 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 7,287 | |||
Talega Village Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 33,578 | |||
Initial Cost | ||||
Land | 22,415 | |||
Building & Improvements | 12,054 | |||
Costs Capitalized Subsequent to Acquisition | (39) | |||
Total Cost | ||||
Land | 22,415 | |||
Building & Improvements | 12,093 | |||
Total | 34,508 | 34,508 | ||
Accumulated Depreciation | 930 | 930 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 34,508 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 930 | |||
Tamarac Town Square [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 20,881 | |||
Initial Cost | ||||
Land | 12,584 | |||
Building & Improvements | 9,221 | |||
Costs Capitalized Subsequent to Acquisition | 5 | |||
Total Cost | ||||
Land | 12,584 | |||
Building & Improvements | 9,216 | |||
Total | 21,800 | 21,800 | ||
Accumulated Depreciation | 919 | 919 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 21,800 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 919 | |||
Westchester Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 4,346 | |||
Initial Cost | ||||
Land | 1,857 | |||
Building & Improvements | 7,572 | |||
Costs Capitalized Subsequent to Acquisition | (483) | |||
Total Cost | ||||
Land | 1,857 | |||
Building & Improvements | 8,055 | |||
Total | 9,912 | 9,912 | ||
Accumulated Depreciation | 5,566 | 5,566 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 9,912 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 5,566 | |||
Westlake Plaza and Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 41,350 | |||
Initial Cost | ||||
Land | 7,043 | |||
Building & Improvements | 27,195 | |||
Costs Capitalized Subsequent to Acquisition | (29,943) | |||
Total Cost | ||||
Land | 17,602 | |||
Building & Improvements | 46,579 | |||
Total | 64,181 | 64,181 | ||
Accumulated Depreciation | 22,831 | 22,831 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 64,181 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 22,831 | |||
Westwood Village [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 29,982 | |||
Initial Cost | ||||
Land | 19,933 | |||
Building & Improvements | 25,301 | |||
Costs Capitalized Subsequent to Acquisition | (2,075) | |||
Total Cost | ||||
Land | 18,733 | |||
Building & Improvements | 24,426 | |||
Total | 43,159 | 43,159 | ||
Accumulated Depreciation | 13,177 | 13,177 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 43,159 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 13,177 | |||
The Collection at Harvard Square [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 77,026 | |||
Initial Cost | ||||
Land | 72,910 | |||
Building & Improvements | 6,086 | |||
Costs Capitalized Subsequent to Acquisition | (14) | |||
Total Cost | ||||
Land | 72,910 | |||
Building & Improvements | 6,100 | |||
Total | 79,010 | 79,010 | ||
Accumulated Depreciation | 1,984 | 1,984 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 79,010 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,984 | |||
The Field at Commonwealth [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 40,004 | |||
Initial Cost | ||||
Land | 25,328 | |||
Building & Improvements | 15,490 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Total Cost | ||||
Land | 25,328 | |||
Building & Improvements | 15,490 | |||
Total | 40,818 | 40,818 | ||
Accumulated Depreciation | 814 | 814 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 40,818 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 814 | |||
The Gallery at Westbury Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 313,501 | |||
Initial Cost | ||||
Land | 108,653 | |||
Building & Improvements | 216,771 | |||
Costs Capitalized Subsequent to Acquisition | (885) | |||
Total Cost | ||||
Land | 108,653 | |||
Building & Improvements | 217,656 | |||
Total | 326,309 | 326,309 | ||
Accumulated Depreciation | 12,808 | 12,808 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 326,309 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 12,808 | |||
Willow Festival [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 46,692 | |||
Initial Cost | ||||
Land | 1,954 | |||
Building & Improvements | 56,501 | |||
Costs Capitalized Subsequent to Acquisition | (2,994) | |||
Total Cost | ||||
Land | 1,976 | |||
Building & Improvements | 59,473 | |||
Total | 61,449 | 61,449 | ||
Accumulated Depreciation | 14,757 | 14,757 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 39,505 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 61,449 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 14,757 | |||
The Marketplace Shopping Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 44,758 | |||
Initial Cost | ||||
Land | 10,927 | |||
Building & Improvements | 36,052 | |||
Costs Capitalized Subsequent to Acquisition | (161) | |||
Total Cost | ||||
Land | 10,927 | |||
Building & Improvements | 36,213 | |||
Total | 47,140 | 47,140 | ||
Accumulated Depreciation | 2,382 | 2,382 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 47,140 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 2,382 | |||
The Plaza at St. Lucie West [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 7,474 | |||
Initial Cost | ||||
Land | 1,718 | |||
Building & Improvements | 6,204 | |||
Costs Capitalized Subsequent to Acquisition | 6 | |||
Total Cost | ||||
Land | 1,718 | |||
Building & Improvements | 6,198 | |||
Total | 7,916 | 7,916 | ||
Accumulated Depreciation | 442 | 442 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 7,916 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 442 | |||
Garden City [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 14,618 | |||
Initial Cost | ||||
Land | 741 | |||
Building & Improvements | 9,764 | |||
Costs Capitalized Subsequent to Acquisition | (5,444) | |||
Total Cost | ||||
Land | 2,518 | |||
Building & Improvements | 13,431 | |||
Total | 15,949 | 15,949 | ||
Accumulated Depreciation | 1,331 | 1,331 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 15,949 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,331 | |||
The Shops at Hampton Oaks [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 1,222 | |||
Initial Cost | ||||
Land | 843 | |||
Building & Improvements | 372 | |||
Costs Capitalized Subsequent to Acquisition | (61) | |||
Total Cost | ||||
Land | 843 | |||
Building & Improvements | 433 | |||
Total | 1,276 | 1,276 | ||
Accumulated Depreciation | 54 | 54 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 1,276 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 54 | |||
The Village Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 59,266 | |||
Initial Cost | ||||
Land | 43,597 | |||
Building & Improvements | 16,428 | |||
Costs Capitalized Subsequent to Acquisition | (502) | |||
Total Cost | ||||
Land | 44,070 | |||
Building & Improvements | 16,457 | |||
Total | 60,527 | 60,527 | ||
Accumulated Depreciation | 1,261 | 1,261 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 13,434 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 60,527 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,261 | |||
Town and Country [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 9,263 | |||
Initial Cost | ||||
Land | 4,664 | |||
Building & Improvements | 5,207 | |||
Costs Capitalized Subsequent to Acquisition | (27) | |||
Total Cost | ||||
Land | 4,664 | |||
Building & Improvements | 5,234 | |||
Total | 9,898 | 9,898 | ||
Accumulated Depreciation | 635 | 635 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 9,898 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 635 | |||
Woodcroft Shopping Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 4,255 | |||
Initial Cost | ||||
Land | 1,419 | |||
Building & Improvements | 6,284 | |||
Costs Capitalized Subsequent to Acquisition | (1,078) | |||
Total Cost | ||||
Land | 1,421 | |||
Building & Improvements | 7,360 | |||
Total | 8,781 | 8,781 | ||
Accumulated Depreciation | 4,526 | 4,526 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 8,781 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 4,526 | |||
Treasure Coast Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 27,876 | |||
Initial Cost | ||||
Land | 7,553 | |||
Building & Improvements | 21,554 | |||
Costs Capitalized Subsequent to Acquisition | (378) | |||
Total Cost | ||||
Land | 7,553 | |||
Building & Improvements | 21,932 | |||
Total | 29,485 | 29,485 | ||
Accumulated Depreciation | 1,609 | 1,609 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 2,746 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 29,485 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,609 | |||
The Village at Tustin Legacy [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 36,272 | |||
Initial Cost | ||||
Land | 13,836 | |||
Building & Improvements | 23,856 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Total Cost | ||||
Land | 13,836 | |||
Building & Improvements | 23,856 | |||
Total | 37,692 | 37,692 | ||
Accumulated Depreciation | 1,420 | 1,420 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 37,692 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,420 | |||
Woodman Van Nuys [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 9,035 | |||
Initial Cost | ||||
Land | 5,500 | |||
Building & Improvements | 7,195 | |||
Costs Capitalized Subsequent to Acquisition | (293) | |||
Total Cost | ||||
Land | 5,500 | |||
Building & Improvements | 7,488 | |||
Total | 12,988 | 12,988 | ||
Accumulated Depreciation | 3,953 | 3,953 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 12,988 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 3,953 | |||
Woodmen Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 8,928 | |||
Initial Cost | ||||
Land | 7,621 | |||
Building & Improvements | 11,018 | |||
Costs Capitalized Subsequent to Acquisition | (920) | |||
Total Cost | ||||
Land | 7,621 | |||
Building & Improvements | 11,938 | |||
Total | 19,559 | 19,559 | ||
Accumulated Depreciation | 10,631 | 10,631 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 19,559 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 10,631 | |||
Unigold Shopping Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 16,144 | |||
Initial Cost | ||||
Land | 5,490 | |||
Building & Improvements | 5,144 | |||
Costs Capitalized Subsequent to Acquisition | (6,320) | |||
Total Cost | ||||
Land | 5,561 | |||
Building & Improvements | 11,393 | |||
Total | 16,954 | 16,954 | ||
Accumulated Depreciation | 810 | 810 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 16,954 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 810 | |||
Properties in Development [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 54,172 | |||
Initial Cost | ||||
Land | 0 | |||
Building & Improvements | 0 | |||
Costs Capitalized Subsequent to Acquisition | (54,172) | |||
Total Cost | ||||
Land | 0 | |||
Building & Improvements | 54,172 | |||
Total | 54,172 | 54,172 | ||
Accumulated Depreciation | 0 | 0 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 54,172 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 0 | |||
Russell Ridge [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 5,394 | |||
Initial Cost | ||||
Land | 2,234 | |||
Building & Improvements | 6,903 | |||
Costs Capitalized Subsequent to Acquisition | (1,373) | |||
Total Cost | ||||
Land | 2,234 | |||
Building & Improvements | 8,276 | |||
Total | 10,510 | 10,510 | ||
Accumulated Depreciation | 5,116 | 5,116 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 10,510 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 5,116 | |||
Ryanwood Square [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 19,678 | |||
Initial Cost | ||||
Land | 10,581 | |||
Building & Improvements | 10,044 | |||
Costs Capitalized Subsequent to Acquisition | (27) | |||
Total Cost | ||||
Land | 10,581 | |||
Building & Improvements | 10,071 | |||
Total | 20,652 | 20,652 | ||
Accumulated Depreciation | 974 | 974 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 20,652 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 974 | |||
Salerno Vilalge [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 1,346 | |||
Initial Cost | ||||
Land | 1,355 | |||
Building & Improvements | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Total Cost | ||||
Land | 1,355 | |||
Building & Improvements | 0 | |||
Total | 1,355 | 1,355 | ||
Accumulated Depreciation | 9 | 9 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 1,355 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 9 | |||
Sammamish-Highlands [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 17,269 | |||
Initial Cost | ||||
Land | 9,300 | |||
Building & Improvements | 8,075 | |||
Costs Capitalized Subsequent to Acquisition | (8,180) | |||
Total Cost | ||||
Land | 9,592 | |||
Building & Improvements | 15,963 | |||
Total | 25,555 | 25,555 | ||
Accumulated Depreciation | 8,286 | 8,286 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 25,555 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 8,286 | |||
Vons Circle Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 70,092 | |||
Initial Cost | ||||
Land | 49,037 | |||
Building & Improvements | 22,618 | |||
Costs Capitalized Subsequent to Acquisition | (88) | |||
Total Cost | ||||
Land | 49,037 | |||
Building & Improvements | 22,706 | |||
Total | 71,743 | 71,743 | ||
Accumulated Depreciation | 1,651 | 1,651 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 7,699 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 71,743 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,651 | |||
San Carlos Marketplace [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 90,735 | |||
Initial Cost | ||||
Land | 36,006 | |||
Building & Improvements | 57,886 | |||
Costs Capitalized Subsequent to Acquisition | 6 | |||
Total Cost | ||||
Land | 36,006 | |||
Building & Improvements | 57,880 | |||
Total | 93,886 | 93,886 | ||
Accumulated Depreciation | 3,151 | 3,151 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 93,886 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 3,151 | |||
Walmart Norwalk [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 39,946 | |||
Initial Cost | ||||
Land | 20,394 | |||
Building & Improvements | 21,261 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Total Cost | ||||
Land | 20,394 | |||
Building & Improvements | 21,261 | |||
Total | 41,655 | 41,655 | ||
Accumulated Depreciation | 1,709 | 1,709 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 41,655 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,709 | |||
Waterstone Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 18,032 | |||
Initial Cost | ||||
Land | 5,498 | |||
Building & Improvements | 13,500 | |||
Costs Capitalized Subsequent to Acquisition | (12) | |||
Total Cost | ||||
Land | 5,498 | |||
Building & Improvements | 13,512 | |||
Total | 19,010 | 19,010 | ||
Accumulated Depreciation | 978 | 978 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 19,010 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 978 | |||
Woodside Central [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 8,191 | |||
Initial Cost | ||||
Land | 3,500 | |||
Building & Improvements | 9,288 | |||
Costs Capitalized Subsequent to Acquisition | (537) | |||
Total Cost | ||||
Land | 3,489 | |||
Building & Improvements | 9,836 | |||
Total | 13,325 | 13,325 | ||
Accumulated Depreciation | 5,134 | 5,134 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 13,325 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 5,134 | |||
Corporately Held Assets [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 52 | |||
Initial Cost | ||||
Land | 0 | |||
Building & Improvements | 0 | |||
Costs Capitalized Subsequent to Acquisition | (1,667) | |||
Total Cost | ||||
Land | 0 | |||
Building & Improvements | 1,667 | |||
Total | 1,667 | 1,667 | ||
Accumulated Depreciation | 1,615 | 1,615 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 1,667 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,615 | |||
West Bird Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 30,168 | |||
Initial Cost | ||||
Land | 12,934 | |||
Building & Improvements | 18,594 | |||
Costs Capitalized Subsequent to Acquisition | 5 | |||
Total Cost | ||||
Land | 12,934 | |||
Building & Improvements | 18,589 | |||
Total | 31,523 | 31,523 | ||
Accumulated Depreciation | 1,355 | 1,355 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 31,523 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,355 | |||
West Lake Shopping Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 19,330 | |||
Initial Cost | ||||
Land | 10,561 | |||
Building & Improvements | 9,792 | |||
Costs Capitalized Subsequent to Acquisition | 16 | |||
Total Cost | ||||
Land | 10,561 | |||
Building & Improvements | 9,776 | |||
Total | 20,337 | 20,337 | ||
Accumulated Depreciation | 1,007 | 1,007 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 20,337 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,007 | |||
Land Held for Future Development [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 30,882 | |||
Initial Cost | ||||
Land | 37,520 | |||
Building & Improvements | 0 | |||
Costs Capitalized Subsequent to Acquisition | 6,636 | |||
Total Cost | ||||
Land | 30,875 | |||
Building & Improvements | 9 | |||
Total | 30,884 | 30,884 | ||
Accumulated Depreciation | 2 | 2 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 30,884 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 2 | |||
Westbury Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 165,976 | |||
Initial Cost | ||||
Land | 116,129 | |||
Building & Improvements | 51,460 | |||
Costs Capitalized Subsequent to Acquisition | (3,082) | |||
Total Cost | ||||
Land | 116,129 | |||
Building & Improvements | 54,542 | |||
Total | 170,671 | 170,671 | ||
Accumulated Depreciation | 4,695 | 4,695 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 88,000 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 170,671 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 4,695 | |||
Westport Plaza [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 15,831 | |||
Initial Cost | ||||
Land | 9,035 | |||
Building & Improvements | 7,455 | |||
Costs Capitalized Subsequent to Acquisition | (9) | |||
Total Cost | ||||
Land | 9,035 | |||
Building & Improvements | 7,464 | |||
Total | 16,499 | 16,499 | ||
Accumulated Depreciation | 668 | 668 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 2,651 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 16,499 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 668 | |||
Westwood - Manor Care [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 15,108 | |||
Initial Cost | ||||
Land | 12,808 | |||
Building & Improvements | 2,420 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Total Cost | ||||
Land | 12,808 | |||
Building & Improvements | 2,420 | |||
Total | 15,228 | 15,228 | ||
Accumulated Depreciation | 120 | 120 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 15,228 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 120 | |||
Westwood Shopping Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 129,668 | |||
Initial Cost | ||||
Land | 115,051 | |||
Building & Improvements | 19,095 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Total Cost | ||||
Land | 115,051 | |||
Building & Improvements | 19,095 | |||
Total | 134,146 | 134,146 | ||
Accumulated Depreciation | 4,478 | 4,478 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 134,146 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 4,478 | |||
Whole Foods at Swampscott [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 15,147 | |||
Initial Cost | ||||
Land | 7,399 | |||
Building & Improvements | 8,322 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Total Cost | ||||
Land | 7,399 | |||
Building & Improvements | 8,322 | |||
Total | 15,721 | 15,721 | ||
Accumulated Depreciation | 574 | 574 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 15,721 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 574 | |||
Williamsburg at Dunwoody [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 11,264 | |||
Initial Cost | ||||
Land | 7,435 | |||
Building & Improvements | 3,721 | |||
Costs Capitalized Subsequent to Acquisition | (563) | |||
Total Cost | ||||
Land | 7,444 | |||
Building & Improvements | 4,275 | |||
Total | 11,719 | 11,719 | ||
Accumulated Depreciation | 455 | 455 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 11,719 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 455 | |||
Willows Oaks Crossing [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 12,965 | |||
Initial Cost | ||||
Land | 6,664 | |||
Building & Improvements | 7,833 | |||
Costs Capitalized Subsequent to Acquisition | (6) | |||
Total Cost | ||||
Land | 6,664 | |||
Building & Improvements | 7,839 | |||
Total | 14,503 | 14,503 | ||
Accumulated Depreciation | 1,538 | 1,538 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 14,503 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 1,538 | |||
Willows Shopping Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 125,734 | |||
Initial Cost | ||||
Land | 51,964 | |||
Building & Improvements | 78,029 | |||
Costs Capitalized Subsequent to Acquisition | (592) | |||
Total Cost | ||||
Land | 51,992 | |||
Building & Improvements | 78,593 | |||
Total | 130,585 | 130,585 | ||
Accumulated Depreciation | 4,851 | 4,851 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 130,585 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 4,851 | |||
Young Circle Shopping Center [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 15,600 | |||
Initial Cost | ||||
Land | 5,986 | |||
Building & Improvements | 10,394 | |||
Costs Capitalized Subsequent to Acquisition | (9) | |||
Total Cost | ||||
Land | 5,986 | |||
Building & Improvements | 10,403 | |||
Total | 16,389 | 16,389 | ||
Accumulated Depreciation | 789 | 789 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 16,389 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 789 | |||
Shops at Saugus [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 27,852 | |||
Initial Cost | ||||
Land | 19,201 | |||
Building & Improvements | 17,984 | |||
Costs Capitalized Subsequent to Acquisition | 120 | |||
Total Cost | ||||
Land | 18,811 | |||
Building & Improvements | 18,254 | |||
Total | 37,065 | 37,065 | ||
Accumulated Depreciation | 9,213 | 9,213 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 37,065 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 9,213 | |||
Shops at Skylake [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 121,682 | |||
Initial Cost | ||||
Land | 84,586 | |||
Building & Improvements | 39,342 | |||
Costs Capitalized Subsequent to Acquisition | (1,270) | |||
Total Cost | ||||
Land | 85,117 | |||
Building & Improvements | 40,081 | |||
Total | 125,198 | 125,198 | ||
Accumulated Depreciation | 3,516 | 3,516 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 125,198 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 3,516 | |||
Shops at Stonewall [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 41,102 | |||
Initial Cost | ||||
Land | 27,511 | |||
Building & Improvements | 22,123 | |||
Costs Capitalized Subsequent to Acquisition | (8,787) | |||
Total Cost | ||||
Land | 28,633 | |||
Building & Improvements | 29,788 | |||
Total | 58,421 | 58,421 | ||
Accumulated Depreciation | 17,319 | 17,319 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 58,421 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | 17,319 | |||
The Village at Riverstone [Member] | ||||
Real Estate and Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net | 31,627 | |||
Initial Cost | ||||
Land | 20,645 | |||
Building & Improvements | 11,155 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Total Cost | ||||
Land | 20,645 | |||
Building & Improvements | 11,155 | |||
Total | 31,800 | 31,800 | ||
Accumulated Depreciation | 173 | 173 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | $ 0 | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ||||
Beginning balance | 31,800 | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Ending balance | $ 173 | |||
Building and Improvements [Member] | ||||
Total Cost | ||||
Property, Plant and Equipment, Useful Life | 40 years | |||
Disposal Group, Held-for-sale, Not Discontinued Operations [Member] | ||||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ||||
Provision for impairment | $ 0 | $ (7,729) | $ 0 |
Stock-Based Compensation Stock-
Stock-Based Compensation Stock-Based Compensation (Details) - USD ($) $ in Thousands, shares in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Employee Service Share-based Compensation, Allocation of Recognized Period Costs, Capitalized Amount | $ 3,509 | $ 3,210 | $ 2,963 |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 4.1 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 1.2 | ||
Restricted Stock [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Allocated Share-based Compensation Expense | $ 16,745 | 15,525 | 13,422 |
Common Stock | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Noninterest Expense Directors Fees | 399 | 303 | 193 |
Equity One Inc. [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Stock-based compensation, net of capitalization | 0 | 7,931 | 0 |
Parent Company [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Stock-based compensation, net of capitalization | $ 13,635 | $ 20,549 | $ 10,652 |
Stock-Based Compensation Restri
Stock-Based Compensation Restricted Stock (Details) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Document Fiscal Year Focus | 2,018 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate | 19.20% | 18.00% | 18.50% |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate | 2.26% | 1.48% | 0.88% |
Restricted Stock [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | 595,171 | 570,077 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | (287,331) | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value | $ 60.23 | ||
Stock Issued During Period, Shares, Restricted Stock Award, Forfeited | (10,550) | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value | $ 68.65 | ||
Non-Vested Restricted Stock Intrinsic Value | $ 34,925 | ||
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price | $ 63.50 | $ 72.05 | $ 79.40 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value | $ 17,306 | $ 14,376 | $ 15,400 |
Time Based Awards Granted [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 130,584 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ 61.66 | ||
Performance Based Awards Granted [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 14,935 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ 62.57 | ||
Market Based Awards Granted [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 113,126 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ 65.74 | ||
Change in Market Based Awards Granted [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 64,330 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ 60.34 |
Saving and Retirement Plans Non
Saving and Retirement Plans Non-Qualified Deferred Compensation Plan (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items] | ||
Document Fiscal Year Focus | 2,018 | |
Assets Held-in-trust | $ 31,351 | $ 31,662 |
Deferred Compensation Liability, Current and Noncurrent | $ 31,166 | $ 31,383 |
Saving and Retirement Plans 401
Saving and Retirement Plans 401K Retirement Plan (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Defined Benefit Plan Disclosure [Line Items] | |||
Profit Sharing Contribution, Vesting Period | 3 years | ||
Defined Contribution Plan, Cost | $ 3,900,000 | $ 4,100,000 | $ 3,300,000 |
Maximum [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Defined Contribution Plan, Employer Discretionary Contribution Amount | $ 5,000 |
Other Assets (Details)
Other Assets (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Schedule of Other Assets [Line Items] | |||
Impairment of Real Estate | $ 31,041 | $ 0 | $ 1,700 |
Investments | 41,287 | 41,636 | |
Other Prepaid Expense, Current | 17,937 | 30,332 | |
Derivative Asset | 17,482 | 14,515 | |
Property, Plant and Equipment, Net | 6,127 | 6,123 | |
Deferred Costs and Other Assets | 6,851 | 2,637 | |
Goodwill, Impairment Loss | (12,628) | 0 | |
Goodwill, Other Increase (Decrease) | 1,159 | 0 | |
Goodwill, Impaired, Accumulated Impairment Loss | 2,715 | 0 | 0 |
Goodwill, Gross | 316,858 | 331,884 | 0 |
Goodwill | 314,143 | 331,884 | $ 0 |
Equity One Inc. [Member] | |||
Schedule of Other Assets [Line Items] | |||
Goodwill, Purchase Accounting Adjustments | 500 | 331,884 | |
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | |||
Schedule of Other Assets [Line Items] | |||
Goodwill, Impairment Loss | 0 | 0 | |
Goodwill, Written off Related to Sale of Business Unit | (4,454) | 0 | |
Goodwill, Gross [Member] | |||
Schedule of Other Assets [Line Items] | |||
Goodwill, Impairment Loss | 0 | 0 | |
Goodwill, Other Increase (Decrease) | 1,159 | 0 | |
Goodwill, Gross [Member] | Equity One Inc. [Member] | |||
Schedule of Other Assets [Line Items] | |||
Goodwill, Purchase Accounting Adjustments | 500 | 331,884 | |
Goodwill, Gross [Member] | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | |||
Schedule of Other Assets [Line Items] | |||
Goodwill, Impairment Loss | (9,913) | 0 | |
Goodwill, Written off Related to Sale of Business Unit | (4,454) | 0 | |
Accumulated Impairment Losses [Member] | |||
Schedule of Other Assets [Line Items] | |||
Goodwill, Impairment Loss | (12,628) | 0 | |
Goodwill, Other Increase (Decrease) | 0 | 0 | |
Accumulated Impairment Losses [Member] | Equity One Inc. [Member] | |||
Schedule of Other Assets [Line Items] | |||
Goodwill, Purchase Accounting Adjustments | 0 | 0 | |
Accumulated Impairment Losses [Member] | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | |||
Schedule of Other Assets [Line Items] | |||
Goodwill, Impairment Loss | (9,913) | 0 | |
Goodwill, Written off Related to Sale of Business Unit | $ 0 | $ 0 |
Schedule of Goodwill (Details)
Schedule of Goodwill (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Goodwill [Line Items] | |||
Goodwill, Gross | $ 316,858 | $ 331,884 | $ 0 |
Goodwill, Impairment Loss | 12,628 | 0 | |
Goodwill, Other Increase (Decrease) | 1,159 | 0 | |
Goodwill, Impaired, Accumulated Impairment Loss | (2,715) | 0 | 0 |
Goodwill | 314,143 | 331,884 | $ 0 |
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | |||
Goodwill [Line Items] | |||
Goodwill, Impairment Loss | 0 | 0 | |
Goodwill, Written off Related to Sale of Business Unit | 4,454 | 0 | |
Goodwill, Gross [Member] | |||
Goodwill [Line Items] | |||
Goodwill, Impairment Loss | 0 | 0 | |
Goodwill, Other Increase (Decrease) | 1,159 | 0 | |
Goodwill, Gross [Member] | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | |||
Goodwill [Line Items] | |||
Goodwill, Impairment Loss | 9,913 | 0 | |
Goodwill, Written off Related to Sale of Business Unit | 4,454 | 0 | |
Accumulated Impairment Losses [Member] | |||
Goodwill [Line Items] | |||
Goodwill, Impairment Loss | 12,628 | 0 | |
Goodwill, Other Increase (Decrease) | 0 | 0 | |
Accumulated Impairment Losses [Member] | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | |||
Goodwill [Line Items] | |||
Goodwill, Impairment Loss | 9,913 | 0 | |
Goodwill, Written off Related to Sale of Business Unit | $ 0 | $ 0 |
Uncategorized Items - reg-20181
Label | Element | Value |
Partnership Interest [Member] | ||
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents | $ 40,623,000 |
Parent Company [Member] | ||
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents | $ 40,623,000 |