Document_and_Entity_Informatio
Document and Entity Information Document (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Feb. 24, 2014 | Jun. 30, 2013 | |
Entity Information [Line Items] | ' | ' | ' |
Entity Registrant Name | 'CBL & ASSOCIATES PROPERTIES INC | ' | ' |
Entity Central Index Key | '0000910612 | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Filer Category | 'Large Accelerated Filer | ' | ' |
Document Type | '10-K | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Amendment Flag | 'false | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 170,266,519 | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Well-known Seasoned Issuer | 'Yes | ' | ' |
Entity Public Float | ' | ' | $3,567,059,127 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
CBL & Associates Properties, Inc. [Member] | ' | ' |
Real estate assets: | ' | ' |
Land | $858,619 | $905,339 |
Buildings and improvements | 7,125,512 | 7,228,293 |
Real estate investment property, at cost | 7,984,131 | 8,133,632 |
Accumulated depreciation | -2,056,357 | -1,972,031 |
Real estate investment property, net, before developments in progress | 5,927,774 | 6,161,601 |
Held for sale | 0 | 29,425 |
Developments in progress | 139,383 | 137,956 |
Net investment in real estate assets | 6,067,157 | 6,328,982 |
Cash and cash equivalents | 65,500 | 78,248 |
Receivables: | ' | ' |
Tenant, net of allowance for doubtful accounts | 79,899 | 78,963 |
Other, net of allowance for doubtful accounts | 23,343 | 8,467 |
Mortgage and other notes receivable | 30,424 | 25,967 |
Investments in unconsolidated affiliates | 277,146 | 259,810 |
Intangible lease assets and other assets | 242,502 | 309,299 |
Total assets | 6,785,971 | 7,089,736 |
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY/CAPITAL | ' | ' |
Mortgage and other indebtedness | 4,857,523 | 4,745,683 |
Accounts payable and accrued liabilities | 333,875 | 358,874 |
Total liabilities | 5,191,398 | 5,104,557 |
Commitments and contingencies | ' | ' |
Redeemable interests: | ' | ' |
Redeemable noncontrolling partnership interests | 34,639 | 40,248 |
Redeemable noncontrolling preferred joint venture interest | 0 | 423,834 |
Total redeemable interests | 34,639 | 464,082 |
Preferred Stock, $.01 par value, 15,000,000 shares authorized: | ' | ' |
7.375% Series D Cumulative Redeemable Preferred Stock, 1,815,000 shares outstanding | 18 | 18 |
6.625% Series E Cumulative Redeemable Preferred Stock, 690,000 shares outstanding | 7 | 7 |
Common Stock, $.01 par value, 350,000,000 shares authorized, 170,048,144 and 161,309,652 issued and outstanding in 2013 and 2012, respectively | 1,700 | 1,613 |
Additional paid-in capital | 1,967,644 | 1,773,630 |
Accumulated other comprehensive income | 6,325 | 6,986 |
Dividends in excess of cumulative earnings | -570,781 | -453,561 |
Total shareholders' equity | 1,404,913 | 1,328,693 |
Noncontrolling interests | 155,021 | 192,404 |
Total equity | 1,559,934 | 1,521,097 |
Common units: | ' | ' |
Total Liabilities, Redeemable Noncontrolling Interests and Equity/Capital | 6,785,971 | 7,089,736 |
CBL & Associates Limited Partnership [Member] | ' | ' |
Real estate assets: | ' | ' |
Land | 858,619 | 905,339 |
Buildings and improvements | 7,125,512 | 7,228,293 |
Real estate investment property, at cost | 7,984,131 | 8,133,632 |
Accumulated depreciation | -2,056,357 | -1,972,031 |
Real estate investment property, net, before developments in progress | 5,927,774 | 6,161,601 |
Held for sale | 0 | 29,425 |
Developments in progress | 139,383 | 137,956 |
Net investment in real estate assets | 6,067,157 | 6,328,982 |
Cash and cash equivalents | 65,486 | 78,244 |
Receivables: | ' | ' |
Tenant, net of allowance for doubtful accounts | 79,899 | 78,963 |
Other, net of allowance for doubtful accounts | 23,343 | 8,467 |
Mortgage and other notes receivable | 30,424 | 25,967 |
Investments in unconsolidated affiliates | 277,701 | 260,363 |
Intangible lease assets and other assets | 242,383 | 309,239 |
Total assets | 6,786,393 | 7,090,225 |
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY/CAPITAL | ' | ' |
Mortgage and other indebtedness | 4,857,523 | 4,745,683 |
Accounts payable and accrued liabilities | 333,876 | 358,800 |
Total liabilities | 5,191,399 | 5,104,483 |
Commitments and contingencies | ' | ' |
Redeemable interests: | ' | ' |
Redeemable noncontrolling interests | 5,883 | 6,413 |
Redeemable common units | 28,756 | 33,835 |
Redeemable noncontrolling preferred joint venture interest | 0 | 423,834 |
Total redeemable interests | 34,639 | 464,082 |
Preferred Stock, $.01 par value, 15,000,000 shares authorized: | ' | ' |
Accumulated other comprehensive income | 4,923 | 5,685 |
Partners' capital: | ' | ' |
Preferred units | 565,212 | 565,212 |
Common units: | ' | ' |
General partner | 9,866 | 9,904 |
Limited partners | 961,175 | 877,363 |
Total partners' capital | 1,541,176 | 1,458,164 |
Noncontrolling interests | 19,179 | 63,496 |
Total capital | 1,560,355 | 1,521,660 |
Total Liabilities, Redeemable Noncontrolling Interests and Equity/Capital | $6,786,393 | $7,090,225 |
Consolidated_Balance_Sheets_Co
Consolidated Balance Sheets Consolidated Balance Sheets Parenthetical - OP (CBL & Associates Limited Partnership [Member], USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
CBL & Associates Limited Partnership [Member] | ' | ' |
Allowance for doubtful accounts, premiums and other receivables | $2,379 | $1,977 |
Other receivables allowance for doubtful accounts | $1,241 | $1,270 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets Parenthetical - REIT (CBL & Associates Properties, Inc. [Member], USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Receivables: | ' | ' |
Allowance for doubtful accounts, premiums and other receivables | $2,379 | $1,977 |
Other receivables allowance for doubtful accounts | $1,241 | $1,270 |
Shareholders' equity: | ' | ' |
Preferred stock, par value (in dollars per share) | $0.01 | $0.01 |
Preferred stock, shares authorized | 15,000,000 | 15,000,000 |
Common stock, par value (in dollars per share) | $0.01 | $0.01 |
Common stock, shares authorized | 350,000,000 | 350,000,000 |
Common stock, shares issued | 170,048,144 | 161,309,652 |
Common stock, shares outstanding | 170,048,144 | 161,309,652 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations (USD $) | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
REVENUES: | ' | ' | ' |
Total revenues | $1,053,625 | $1,002,843 | ' |
OPERATING EXPENSES: | ' | ' | ' |
Income from operations | 330,765 | 369,921 | ' |
Income tax (provision) benefit | -1,305 | -1,404 | 269 |
Income from continuing operations | 115,317 | 186,049 | ' |
Gain (loss) on discontinued operations | 1,144 | 938 | -1 |
Net income | 110,370 | 174,519 | ' |
Net income attributable to noncontrolling interests in: | ' | ' | ' |
Net income attributable to the Company | 85,204 | 131,600 | ' |
Net income attributable to common shareholders | 40,312 | 84,089 | ' |
Basic per share/unit data attributable to common shareholders/unitholders: | ' | ' | ' |
Income from continuing operations, net of preferred dividends/distributions (in dollars per share) | $0.27 | $0.60 | ' |
Net income attributable to common shareholders/unitholders (in dollars per share) | $0.24 | $0.54 | ' |
Diluted per share/unit data attributable to common shareholders/unitholders: | ' | ' | ' |
Income from continuing operations, net of preferred dividends/distributions (in dollars per share) | $0.27 | $0.60 | ' |
Net income attributable to common shareholders/unitholders (in dollars per share) | $0.24 | $0.54 | ' |
Amounts attributable to common shareholders/unitholders: | ' | ' | ' |
Net income attributable to common shareholders/unitholders | 40,312 | 84,089 | ' |
CBL & Associates Properties, Inc. [Member] | ' | ' | ' |
REVENUES: | ' | ' | ' |
Minimum rents | 675,870 | 641,821 | 647,093 |
Percentage rents | 18,572 | 17,728 | 16,772 |
Other rents | 21,974 | 21,914 | 21,685 |
Tenant reimbursements | 290,097 | 279,280 | 292,594 |
Management, development and leasing fees | 12,439 | 10,772 | 6,934 |
Other | 34,673 | 31,328 | 34,821 |
Total revenues | 1,053,625 | 1,002,843 | 1,019,899 |
OPERATING EXPENSES: | ' | ' | ' |
Property operating | 151,127 | 138,533 | 142,431 |
Depreciation and amortization | 278,911 | 255,460 | 261,562 |
Real estate taxes | 88,701 | 87,871 | 89,317 |
Maintenance and repairs | 56,379 | 50,350 | 53,214 |
General and administrative | 48,867 | 51,251 | 44,751 |
Loss on impairment | 70,049 | 24,379 | 51,304 |
Other | 28,826 | 25,078 | 28,898 |
Total operating expenses | 722,860 | 632,922 | 671,477 |
Income from operations | 330,765 | 369,921 | 348,422 |
Interest and other income | 10,825 | 3,953 | 2,578 |
Interest expense | -231,856 | -242,357 | -262,608 |
Gain (loss) on extinguishment of debt | -9,108 | 265 | 1,029 |
Gain on investments | 2,400 | 45,072 | 0 |
Gain on sales of real estate assets | 1,980 | 2,286 | 59,396 |
Equity in earnings of unconsolidated affiliates | 11,616 | 8,313 | 6,138 |
Income tax (provision) benefit | -1,305 | -1,404 | 269 |
Income from continuing operations | 115,317 | 186,049 | 155,224 |
Operating income (loss) of discontinued operations | -6,091 | -12,468 | 29,771 |
Gain (loss) on discontinued operations | 1,144 | 938 | -1 |
Net income | 110,370 | 174,519 | 184,994 |
Net income attributable to noncontrolling interests in: | ' | ' | ' |
Noncontrolling Interest in Net Income (Loss) Operating Partnerships, Redeemable | -7,125 | -19,267 | -25,841 |
Net income attributable to noncontrolling interests | -18,041 | -23,652 | -25,217 |
Net income attributable to the Company | 85,204 | 131,600 | 133,936 |
Preferred dividends/distributions | -44,892 | -47,511 | -42,376 |
Net income attributable to common shareholders | 40,312 | 84,089 | 91,560 |
Basic per share/unit data attributable to common shareholders/unitholders: | ' | ' | ' |
Income from continuing operations, net of preferred dividends/distributions (in dollars per share) | $0.27 | $0.60 | $0.46 |
Discontinued operations (in dollars per share) | ($0.03) | ($0.06) | $0.16 |
Net income attributable to common shareholders/unitholders (in dollars per share) | $0.24 | $0.54 | $0.62 |
Weighted average common shares/units outstanding (in shares) | 167,027 | 154,762 | 148,289 |
Diluted per share/unit data attributable to common shareholders/unitholders: | ' | ' | ' |
Income from continuing operations, net of preferred dividends/distributions (in dollars per share) | $0.27 | $0.60 | $0.46 |
Discontinued operations (in dollars per share) | ($0.03) | ($0.06) | $0.16 |
Net income attributable to common shareholders/unitholders (in dollars per share) | $0.24 | $0.54 | $0.62 |
Weighted average common and potential dilutive common shares/units outstanding (in shares) | 167,027 | 154,807 | 148,334 |
Amounts attributable to common shareholders/unitholders: | ' | ' | ' |
Income from continuing operations, net of preferred dividends/distributions | 44,515 | 93,469 | 68,366 |
Discontinued operations | -4,203 | -9,380 | 23,194 |
Net income attributable to common shareholders/unitholders | 40,312 | 84,089 | 91,560 |
CBL & Associates Limited Partnership [Member] | ' | ' | ' |
REVENUES: | ' | ' | ' |
Minimum rents | 675,870 | 641,821 | 647,093 |
Percentage rents | 18,572 | 17,728 | 16,772 |
Other rents | 21,974 | 21,914 | 21,685 |
Tenant reimbursements | 290,097 | 279,280 | 292,594 |
Management, development and leasing fees | 12,439 | 10,772 | 6,934 |
Other | 34,673 | 31,328 | 34,821 |
Total revenues | 1,053,625 | 1,002,843 | 1,019,899 |
OPERATING EXPENSES: | ' | ' | ' |
Property operating | 151,127 | 138,533 | 142,431 |
Depreciation and amortization | 278,911 | 255,460 | 261,562 |
Real estate taxes | 88,701 | 87,871 | 89,317 |
Maintenance and repairs | 56,379 | 50,350 | 53,214 |
General and administrative | 48,867 | 51,251 | 44,751 |
Loss on impairment | 70,049 | 24,379 | 51,304 |
Other | 28,826 | 25,078 | 28,898 |
Total operating expenses | 722,860 | 632,922 | 671,477 |
Income from operations | 330,765 | 369,921 | 348,422 |
Interest and other income | 10,825 | 3,953 | 2,578 |
Interest expense | -231,856 | -242,357 | -262,608 |
Gain (loss) on extinguishment of debt | -9,108 | 265 | 1,029 |
Gain on investments | 2,400 | 45,072 | 0 |
Gain on sales of real estate assets | 1,980 | 2,286 | 59,396 |
Equity in earnings of unconsolidated affiliates | 11,616 | 8,313 | 6,138 |
Income tax (provision) benefit | -1,305 | -1,404 | 269 |
Income from continuing operations | 115,317 | 186,049 | 155,224 |
Operating income (loss) of discontinued operations | -6,091 | -12,468 | 29,771 |
Gain (loss) on discontinued operations | 1,144 | 938 | -1 |
Net income | 110,370 | 174,519 | 184,994 |
Net income attributable to noncontrolling interests in: | ' | ' | ' |
Net income attributable to noncontrolling interests | -18,041 | -23,652 | -25,217 |
Net income attributable to the Company | 92,329 | 150,867 | 159,777 |
Preferred dividends/distributions | -44,892 | -47,511 | -42,376 |
Net income attributable to common shareholders | 47,437 | 103,356 | 117,401 |
Basic per share/unit data attributable to common shareholders/unitholders: | ' | ' | ' |
Income from continuing operations, net of preferred dividends/distributions (in dollars per share) | $0.26 | $0.59 | $0.49 |
Discontinued operations (in dollars per share) | ($0.02) | ($0.05) | $0.13 |
Net income attributable to common shareholders/unitholders (in dollars per share) | $0.24 | $0.54 | $0.62 |
Weighted average common shares/units outstanding (in shares) | 196,572 | 190,223 | 190,335 |
Diluted per share/unit data attributable to common shareholders/unitholders: | ' | ' | ' |
Income from continuing operations, net of preferred dividends/distributions (in dollars per share) | $0.26 | $0.59 | $0.49 |
Discontinued operations (in dollars per share) | ($0.02) | ($0.05) | $0.13 |
Net income attributable to common shareholders/unitholders (in dollars per share) | $0.24 | $0.54 | $0.62 |
Weighted average common and potential dilutive common shares/units outstanding (in shares) | 196,572 | 190,268 | 190,380 |
Amounts attributable to common shareholders/unitholders: | ' | ' | ' |
Income from continuing operations, net of preferred dividends/distributions | 51,640 | 112,736 | 94,207 |
Discontinued operations | -4,203 | -9,380 | 23,194 |
Net income attributable to common shareholders/unitholders | $47,437 | $103,356 | $117,401 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (USD $) | 12 Months Ended | |||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Limited Partnership [Member] | CBL & Associates Limited Partnership [Member] | CBL & Associates Limited Partnership [Member] | |
Net income | $110,370 | $174,519 | $184,994 | $110,370 | $174,519 | $184,994 |
Other comprehensive income (loss): | ' | ' | ' | ' | ' | ' |
Unrealized holding gain (loss) on available-for-sale securities | -2,583 | 4,426 | -214 | -2,583 | 4,426 | -214 |
Reclassification to net income of realized (gain) loss on available-for-sale securities | 0 | -224 | 22 | 0 | -224 | 22 |
Unrealized gain (loss) on hedging instruments | 1,815 | -207 | -5,521 | 1,815 | -207 | -5,521 |
Total other comprehensive income (loss) | -768 | 3,995 | -5,713 | -768 | 3,995 | -5,713 |
Comprehensive income | 109,602 | 178,514 | 179,281 | 109,602 | 178,514 | 179,281 |
Comprehensive income attributable to noncontrolling interests in: | ' | ' | ' | ' | ' | ' |
Operating Partnership | -7,018 | -19,701 | -24,558 | ' | ' | ' |
Other consolidated subsidiaries | -18,041 | -23,652 | -25,217 | -18,041 | -23,652 | -25,217 |
Comprehensive income attributable to the Company | $84,543 | $135,161 | $129,506 | $91,561 | $154,862 | $154,064 |
Consolidated_Statements_of_Equ
Consolidated Statements of Equity (USD $) | Total | Series E Preferred Stock [Member] | Accumulated Deficit [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Limited Partnership [Member] | CBL & Associates Limited Partnership [Member] | CBL & Associates Limited Partnership [Member] | CBL & Associates Limited Partnership [Member] | CBL & Associates Limited Partnership [Member] | CBL & Associates Limited Partnership [Member] | CBL & Associates Limited Partnership [Member] | CBL & Associates Limited Partnership [Member] | CBL & Associates Limited Partnership [Member] | CBL & Associates Limited Partnership [Member] | CBL & Associates Limited Partnership [Member] | CBL & Associates Limited Partnership [Member] | CBL & Associates Limited Partnership [Member] | CBL & Associates Limited Partnership [Member] | CBL & Associates Limited Partnership [Member] | CBL & Associates Limited Partnership [Member] | CBL & Associates Limited Partnership [Member] | CBL & Associates Limited Partnership [Member] | CBL & Associates Limited Partnership [Member] | CBL & Associates Limited Partnership [Member] | CBL & Associates Limited Partnership [Member] | CBL & Associates Limited Partnership [Member] | CBL & Associates Limited Partnership [Member] | CBL & Associates Limited Partnership [Member] | CBL & Associates Limited Partnership [Member] | CBL & Associates Limited Partnership [Member] | CBL & Associates Limited Partnership [Member] | CBL & Associates Limited Partnership [Member] | CBL & Associates Limited Partnership [Member] | CBL & Associates Limited Partnership [Member] | CBL & Associates Limited Partnership [Member] | CBL & Associates Limited Partnership [Member] | CBL & Associates Limited Partnership [Member] | CBL & Associates Limited Partnership [Member] | CBL & Associates Limited Partnership [Member] | CBL & Associates Limited Partnership [Member] |
In Thousands, except Share data, unless otherwise specified | USD ($) | Series C Preferred Stock [Member] | USD ($) | Shopping Center Properties [Member] | Series C Preferred Stock [Member] | Series E Preferred Stock [Member] | Redeemable Noncontrolling Partnership Interests [Member] | Preferred Stock [Member] | Preferred Stock [Member] | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-In Capital [Member] | Additional Paid-In Capital [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Accumulated Deficit [Member] | Accumulated Deficit [Member] | Total Shareholders' Equity [Member] | Total Shareholders' Equity [Member] | Noncontrolling Interests [Member] | Noncontrolling Interests [Member] | USD ($) | Shopping Center Properties [Member] | Series C Preferred Stock [Member] | Preferred Units [Member] | Common Units [Member] | Restricted Common Stock [Member] | Common Units and Restricted Common Units [Member] | Redeemable Partnership Interests [Member] | Redeemable Common Units [Member] | Redeemable Common Units [Member] | Total Redeemable Partnership Interests [Member] | Total Redeemable Partnership Interests [Member] | Preferred Units [Member] | Preferred Units [Member] | Preferred Units [Member] | Common Units [Member] | Common Units [Member] | Common Units [Member] | Common Units [Member] | General Partner [Member] | General Partner [Member] | General Partner [Member] | Limited Partners [Member] | Limited Partners [Member] | Limited Partners [Member] | Limited Partners [Member] | Limited Partners [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Total Partners' Capital [Member] | Total Partners' Capital [Member] | Total Partners' Capital [Member] | Total Partners' Capital [Member] | Total Partners' Capital [Member] | Total Partners' Capital [Member] | Noncontrolling Interests [Member] | Noncontrolling Interests [Member] | |
USD ($) | USD ($) | USD ($) | USD ($) | Series C Preferred Stock [Member] | Series E Preferred Stock [Member] | USD ($) | USD ($) | Series C Preferred Stock [Member] | USD ($) | USD ($) | Series C Preferred Stock [Member] | USD ($) | Series C Preferred Stock [Member] | USD ($) | Shopping Center Properties [Member] | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | Common Units [Member] | USD ($) | Common Units [Member] | USD ($) | Series C Preferred Stock [Member] | USD ($) | Restricted Common Stock [Member] | Common Units and Restricted Common Units [Member] | USD ($) | Series C Preferred Stock [Member] | Common Units [Member] | USD ($) | Series C Preferred Stock [Member] | Common Units [Member] | Restricted Common Stock [Member] | Common Units and Restricted Common Units [Member] | USD ($) | USD ($) | Series C Preferred Stock [Member] | Preferred Units [Member] | Common Units [Member] | Restricted Common Stock [Member] | Common Units and Restricted Common Units [Member] | USD ($) | Shopping Center Properties [Member] | |||||||||
USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | ||||||||||||||||||||||||||||||||||||||
Balance, partners' capital at Dec. 31, 2010 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1,524,039 | ' | ' | ' | ' | ' | ' | $6,309 | $28,070 | ' | $34,379 | ' | $509,719 | ' | ' | ' | ' | ' | ' | $10,685 | ' | ' | $990,177 | ' | ' | ' | ' | $7,376 | $1,517,957 | ' | ' | ' | ' | ' | $6,082 | ' |
Balance, shareholders' equity at Dec. 31, 2010 | ' | ' | ' | 1,523,943 | ' | ' | ' | ' | 23 | ' | ' | 1,479 | 1,657,507 | ' | 7,855 | -366,526 | ' | 1,300,338 | ' | 223,605 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance, partners' capital units at Dec. 31, 2010 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 22,750,000 | ' | ' | 190,065,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Redeemable common units | ' | ' | ' | ' | ' | ' | ' | 32,271 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income (loss) | ' | ' | ' | 159,409 | ' | ' | ' | 4,940 | ' | ' | ' | ' | ' | ' | ' | 133,936 | ' | 133,936 | ' | 25,473 | ' | 159,409 | ' | ' | ' | ' | ' | ' | 3,982 | 958 | ' | 4,940 | ' | 42,376 | ' | ' | ' | ' | ' | ' | 1,255 | ' | ' | 115,185 | ' | ' | ' | ' | ' | 158,816 | ' | ' | ' | ' | ' | 593 | ' |
Other comprehensive loss | ' | ' | ' | -5,665 | ' | ' | ' | -48 | ' | ' | ' | ' | ' | ' | -4,430 | ' | ' | -4,430 | ' | -1,235 | ' | -5,665 | ' | ' | ' | ' | ' | ' | ' | -48 | ' | -48 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -5,665 | -5,665 | ' | ' | ' | ' | ' | ' | ' |
Redemption of units, value | -5,869 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common units, shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 190,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common units | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 278 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 278 | ' | ' | ' | ' | ' | 278 | ' | ' | ' | ' | ' | ' | ' |
Conversion of 12,466,000, 125,100, and 9,807,013 operating partnership special common units to shares of common stock | 729 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | 728 | ' | ' | ' | ' | 729 | ' | -729 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividends declared - common stock | ' | ' | ' | -124,615 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -124,615 | ' | -124,615 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividends declared - preferred stock | ' | ' | ' | -42,376 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -42,376 | ' | -42,376 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of 8,772,114, 232,560 and 190,812 shares of common stock and restricted common stock | ' | ' | ' | 278 | ' | ' | ' | ' | ' | ' | ' | 2 | 276 | ' | ' | ' | ' | 278 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Distributions declared | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -42,376 | -164,387 | ' | ' | ' | ' | -4,457 | ' | -4,457 | ' | ' | -42,376 | ' | ' | ' | ' | ' | ' | -1,771 | ' | ' | -162,616 | ' | ' | ' | ' | ' | -42,376 | -164,387 | ' | ' | ' | ' |
Cancellation of common units and restricted common stock, shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -16,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cancellation of common units and restricted common stock, value | ' | ' | ' | -125 | ' | ' | ' | ' | ' | ' | ' | ' | -125 | ' | ' | ' | ' | -125 | ' | ' | ' | -125 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -125 | ' | ' | ' | ' | ' | -125 | ' | ' | ' | ' | ' | ' | ' |
Issuance of shares of common stock (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 141,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Contributions from CBL related to exercises of stock options | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,955 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,955 | ' | ' | ' | ' | ' | 1,955 | ' | ' | ' | ' | ' | ' | ' |
Exercise of stock options | ' | ' | ' | 1,955 | ' | ' | ' | ' | ' | ' | ' | 2 | 1,953 | ' | ' | ' | ' | 1,955 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accrual under deferred compensation arrangements | ' | ' | ' | 56 | ' | ' | ' | ' | ' | ' | ' | ' | 56 | ' | ' | ' | ' | 56 | ' | ' | ' | 56 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | ' | ' | 55 | ' | ' | ' | ' | ' | 56 | ' | ' | ' | ' | ' | ' | ' |
Amortization of deferred compensation | ' | ' | ' | 1,629 | ' | ' | ' | ' | ' | ' | ' | ' | 1,629 | ' | ' | ' | ' | 1,629 | ' | ' | ' | 1,613 | ' | ' | ' | ' | ' | ' | ' | 16 | ' | 16 | ' | ' | ' | ' | ' | ' | ' | ' | 17 | ' | ' | 1,596 | ' | ' | ' | ' | ' | 1,613 | ' | ' | ' | ' | ' | ' | ' |
Allocation of partners' capital | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2,989 | ' | ' | ' | ' | ' | ' | ' | 2,989 | ' | 2,989 | ' | ' | ' | ' | ' | ' | ' | ' | -21 | ' | ' | -2,968 | ' | ' | ' | ' | ' | -2,989 | ' | ' | ' | ' | ' | ' | ' |
Adjustment for noncontrolling interests | ' | ' | ' | -3,005 | ' | ' | ' | 3,005 | ' | ' | ' | ' | -5,205 | ' | ' | ' | ' | -5,205 | ' | 2,200 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Adjustment to record redeemable noncontrolling interests at redemption value | ' | ' | ' | 1,108 | ' | ' | ' | -1,108 | ' | ' | ' | ' | 1,108 | ' | ' | ' | ' | 1,108 | ' | ' | ' | 1,108 | ' | ' | ' | ' | ' | ' | 384 | -1,492 | ' | -1,108 | ' | ' | ' | ' | ' | ' | ' | ' | 12 | ' | ' | 1,096 | ' | ' | ' | ' | ' | 1,108 | ' | ' | ' | ' | ' | ' | ' |
Distributions to noncontrolling interests | ' | ' | ' | -44,239 | ' | ' | ' | -8,897 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -44,239 | ' | -4,433 | ' | ' | ' | ' | ' | ' | -4,440 | ' | ' | -4,440 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -4,433 | ' |
Contributions from noncontrolling interests | ' | ' | ' | 2,038 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,038 | ' | 2,038 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,038 | ' |
Balance, partners' capital at Dec. 31, 2011 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,470,521 | ' | ' | ' | ' | ' | ' | 6,235 | 26,036 | ' | 32,271 | ' | 509,719 | ' | ' | ' | ' | ' | ' | 10,178 | ' | ' | 944,633 | ' | ' | ' | ' | 1,711 | 1,466,241 | ' | ' | ' | ' | ' | 4,280 | ' |
Balance, shareholders' equity at Dec. 31, 2011 | ' | ' | ' | 1,470,391 | ' | ' | ' | ' | 23 | ' | ' | 1,484 | 1,657,927 | ' | 3,425 | -399,581 | ' | 1,263,278 | ' | 207,113 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance, partners' capital units at Dec. 31, 2011 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 22,750,000 | ' | ' | 190,380,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Redeemable common units | ' | ' | ' | ' | ' | ' | ' | 40,248 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 33,835 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income (loss) | ' | ' | ' | 149,372 | ' | ' | ' | 4,445 | ' | ' | ' | ' | ' | ' | ' | 131,600 | ' | 131,600 | ' | 17,772 | ' | 149,372 | ' | ' | ' | ' | ' | ' | 3,597 | 848 | ' | 4,445 | ' | 43,738 | ' | ' | ' | ' | ' | ' | 1,616 | ' | ' | 104,665 | ' | ' | ' | ' | ' | 150,019 | ' | ' | ' | ' | ' | -647 | ' |
Other comprehensive loss | ' | ' | ' | 3,974 | ' | ' | ' | 21 | ' | ' | ' | ' | ' | ' | 3,561 | ' | ' | 3,561 | ' | 413 | ' | 3,974 | ' | ' | ' | ' | ' | ' | ' | 21 | ' | 21 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,974 | 3,974 | ' | ' | ' | ' | ' | ' | ' |
Issuance of 690,000 shares of Series E preferred stock in equity offering | ' | ' | ' | 166,720 | ' | ' | ' | ' | 7 | ' | ' | ' | 166,713 | ' | ' | ' | ' | 166,720 | ' | ' | ' | 166,720 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 166,720 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 166,720 | ' | ' | ' | ' | ' | ' | ' |
Redemption of units, shares | -224,628 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -4,600,000 | ' | ' | -627,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Redemption of units, value | -3,965 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -115,000 | ' | -9,429 | ' | ' | ' | ' | ' | ' | ' | ' | -111,227 | ' | ' | ' | ' | ' | ' | -41 | ' | ' | -3,732 | -9,429 | ' | ' | ' | ' | -115,000 | ' | -9,429 | ' | ' | ' | ' |
Redemption of Series C preferred stock | ' | ' | ' | ' | ' | -115,000 | ' | ' | ' | -5 | ' | ' | ' | -111,222 | ' | ' | -3,773 | ' | -115,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common units, shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 42,000 | 855,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common units | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 14,730 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 14,730 | ' | ' | ' | ' | ' | ' | 14,730 | ' | ' | ' | ' |
Issuance of 352,816, 42,484 and -0- common units under deferred compensation arrangement | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -615 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -615 | ' | ' | ' | ' | ' | -615 | ' | ' | ' | ' | ' | ' | ' |
Conversion of 12,466,000, 125,100, and 9,807,013 operating partnership special common units to shares of common stock | 59,738 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 125 | 59,613 | ' | ' | ' | ' | 59,738 | ' | -59,738 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of noncontrolling interest in Operating Partnership | ' | ' | ' | 14,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 14,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividends declared - common stock | ' | ' | ' | -138,069 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -138,069 | ' | -138,069 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividends declared - preferred stock | ' | ' | ' | -43,738 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -43,738 | ' | -43,738 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of 8,772,114, 232,560 and 190,812 shares of common stock and restricted common stock | ' | ' | ' | 730 | ' | ' | ' | ' | ' | ' | ' | 2 | 728 | ' | ' | ' | ' | 730 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Distributions declared | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -43,738 | -169,766 | ' | ' | ' | -4,685 | ' | -4,685 | ' | ' | ' | -43,738 | ' | ' | ' | ' | ' | ' | -1,771 | ' | ' | -167,995 | ' | ' | ' | ' | ' | -43,738 | -169,766 | ' | ' | ' | ' |
Cancellation of common units and restricted common stock, shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -39,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cancellation of common units and restricted common stock, value | ' | ' | ' | -633 | ' | ' | ' | ' | ' | ' | ' | ' | -633 | ' | ' | ' | ' | -633 | ' | ' | ' | ' | ' | ' | ' | ' | -633 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -633 | ' | ' | ' | ' | ' | ' | -633 | ' | ' | ' |
Issuance of shares of common stock (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 690,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,900,000 | ' | ' | 244,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Contributions from CBL related to exercises of stock options | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,454 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,454 | ' | ' | ' | ' | ' | 4,454 | ' | ' | ' | ' | ' | ' | ' |
Exercise of stock options | ' | ' | ' | 4,454 | ' | ' | ' | ' | ' | ' | ' | 2 | 4,452 | ' | ' | ' | ' | 4,454 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accrual under deferred compensation arrangements | ' | ' | ' | 44 | ' | ' | ' | ' | ' | ' | ' | ' | 44 | ' | ' | ' | ' | 44 | ' | ' | ' | 44 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | ' | ' | 43 | ' | ' | ' | ' | ' | 44 | ' | ' | ' | ' | ' | ' | ' |
Amortization of deferred compensation | ' | ' | ' | 3,863 | ' | ' | ' | ' | ' | ' | ' | ' | 3,863 | ' | ' | ' | ' | 3,863 | ' | ' | ' | 3,831 | ' | ' | ' | ' | ' | ' | ' | 32 | ' | 32 | ' | ' | ' | ' | ' | ' | ' | ' | 41 | ' | ' | 3,790 | ' | ' | ' | ' | ' | 3,831 | ' | ' | ' | ' | ' | ' | ' |
Accelerated vesting of share-based compensation | ' | ' | ' | -725 | ' | ' | ' | ' | ' | ' | ' | ' | -725 | ' | ' | ' | ' | -725 | ' | ' | ' | -719 | ' | ' | ' | ' | ' | ' | ' | -6 | ' | -6 | ' | ' | ' | ' | ' | ' | ' | ' | -8 | ' | ' | -711 | ' | ' | ' | ' | ' | -719 | ' | ' | ' | ' | ' | ' | ' |
Allocation of partners' capital | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3,171 | ' | ' | ' | ' | ' | ' | ' | 3,171 | ' | 3,171 | ' | ' | ' | ' | ' | ' | ' | ' | -18 | ' | ' | -3,153 | ' | ' | ' | ' | ' | -3,171 | ' | ' | ' | ' | ' | ' | ' |
Issuance of 42,484 common shares/units under deferred compensation arrangement | ' | ' | ' | -615 | ' | ' | ' | ' | ' | ' | ' | ' | -615 | ' | ' | ' | ' | -615 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Adjustment for noncontrolling interests | ' | ' | ' | -3,197 | ' | ' | ' | 3,197 | ' | ' | ' | ' | -3,360 | ' | ' | ' | ' | -3,360 | ' | 163 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Adjustment to record redeemable noncontrolling interests at redemption value | ' | ' | ' | -8,778 | ' | ' | ' | 8,778 | ' | ' | ' | ' | -3,155 | ' | ' | ' | ' | -3,155 | ' | -5,623 | ' | -8,778 | ' | ' | ' | ' | ' | ' | 360 | 8,418 | ' | 8,778 | ' | ' | ' | ' | ' | ' | ' | ' | -94 | ' | ' | -8,684 | ' | ' | ' | ' | ' | -8,778 | ' | ' | ' | ' | ' | ' | ' |
Distributions to noncontrolling interests | ' | ' | ' | -34,119 | ' | ' | ' | -8,464 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -34,119 | ' | -2,423 | ' | ' | ' | ' | ' | ' | -3,779 | ' | ' | -3,779 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2,423 | ' |
Contributions from noncontrolling interests | ' | ' | ' | 7,120 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7,120 | ' | 7,120 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7,120 | ' |
Purchase of noncontrolling interests in other consolidated subsidiaries | ' | ' | ' | 40,962 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 40,962 | ' | 40,962 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 40,962 | ' |
Purchase of noncontrolling interests in Operating Partnership | ' | ' | ' | -9,863 | 14,204 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -9,863 | 14,204 | ' | 14,204 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 14,204 |
Balance, partners' capital at Dec. 31, 2012 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,521,660 | ' | ' | ' | ' | ' | ' | 6,413 | 33,835 | ' | 40,248 | ' | 565,212 | ' | ' | ' | ' | ' | ' | 9,904 | ' | ' | 877,363 | ' | ' | ' | ' | 5,685 | 1,458,164 | ' | ' | ' | ' | ' | 63,496 | ' |
Balance, shareholders' equity at Dec. 31, 2012 | ' | ' | ' | 1,521,097 | ' | ' | ' | ' | 25 | ' | ' | 1,613 | 1,773,630 | ' | 6,986 | -453,561 | ' | 1,328,693 | ' | 192,404 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance, partners' capital units at Dec. 31, 2012 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25,050,000 | ' | ' | 190,855,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance, partners' capital at Sep. 30, 2012 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Redeemable common units | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 33,835 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Distributions declared | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -8,205 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance, partners' capital at Dec. 31, 2012 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,521,660 | ' | ' | ' | ' | ' | ' | 6,413 | 33,835 | ' | 40,248 | ' | 565,212 | ' | ' | ' | ' | ' | ' | 9,904 | ' | ' | 877,363 | ' | ' | ' | ' | 5,685 | 1,458,164 | ' | ' | ' | ' | ' | 63,496 | ' |
Balance, shareholders' equity at Dec. 31, 2012 | ' | ' | ' | 1,521,097 | ' | ' | ' | ' | ' | ' | ' | 1,613 | 1,773,630 | ' | 6,986 | -453,561 | ' | 1,328,693 | ' | 192,404 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance, partners' capital units at Dec. 31, 2012 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25,050,000 | ' | ' | 190,855,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Redeemable common units | ' | ' | ' | ' | ' | ' | ' | 34,639 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 28,756 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income (loss) | ' | ' | ' | 92,792 | ' | ' | ' | 2,941 | ' | ' | ' | ' | ' | ' | ' | 85,204 | ' | 85,204 | ' | 7,588 | ' | 92,792 | ' | ' | ' | ' | ' | ' | 2,565 | 376 | ' | 2,941 | ' | 44,892 | ' | ' | ' | ' | ' | ' | 491 | ' | ' | 46,570 | ' | ' | ' | ' | ' | 91,953 | ' | ' | ' | ' | ' | 839 | ' |
Other comprehensive loss | ' | ' | ' | -762 | ' | ' | ' | -6 | ' | ' | ' | ' | ' | ' | -661 | ' | ' | -661 | ' | -101 | ' | -762 | ' | ' | ' | ' | ' | ' | ' | -6 | ' | -6 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -762 | -762 | ' | ' | ' | ' | ' | ' | ' |
Redemption of redeemable noncontrolling preferred joint venture interest | ' | ' | ' | 10,000 | ' | ' | ' | ' | ' | ' | ' | ' | 10,000 | ' | ' | ' | ' | 10,000 | ' | ' | ' | 10,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 104 | ' | ' | 9,896 | ' | ' | ' | ' | ' | 10,000 | ' | ' | ' | ' | ' | ' | ' |
Issuance of common units, shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8,780,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common units | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 216,588 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 216,588 | ' | ' | ' | ' | ' | ' | 216,588 | ' | ' |
Conversion of 12,466,000, 125,100, and 9,807,013 operating partnership special common units to shares of common stock | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividends declared - common stock | ' | ' | ' | -157,532 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -157,532 | ' | -157,532 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividends declared - preferred stock | ' | ' | ' | -44,892 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -44,892 | ' | -44,892 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of 8,772,114, 232,560 and 190,812 shares of common stock and restricted common stock | ' | ' | ' | 216,663 | ' | ' | ' | ' | ' | ' | ' | 87 | 216,576 | ' | ' | ' | ' | 216,663 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Distributions declared | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -44,892 | -157,531 | ' | ' | ' | ' | ' | ' | ' | ' | ' | -44,892 | ' | ' | ' | ' | ' | ' | -1,851 | ' | ' | -155,680 | ' | ' | ' | ' | ' | -44,892 | -157,531 | ' | ' | ' | ' |
Cancellation of common units and restricted common stock, shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -42,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cancellation of common units and restricted common stock, value | ' | ' | ' | -720 | ' | ' | ' | ' | ' | ' | ' | ' | -720 | ' | ' | ' | ' | -720 | ' | ' | ' | -720 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -720 | ' | ' | ' | ' | ' | -720 | ' | ' | ' | ' | ' | ' | ' |
Accrual under deferred compensation arrangements | ' | ' | ' | -7,095 | ' | ' | ' | ' | ' | ' | ' | ' | -7,095 | ' | ' | ' | ' | -7,095 | ' | ' | ' | -7,095 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -74 | ' | ' | -7,021 | ' | ' | ' | ' | ' | -7,095 | ' | ' | ' | ' | ' | ' | ' |
Amortization of deferred compensation | ' | ' | ' | 2,704 | ' | ' | ' | ' | ' | ' | ' | ' | 2,704 | ' | ' | ' | ' | 2,704 | ' | ' | ' | 2,704 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 28 | ' | ' | 2,676 | ' | ' | ' | ' | ' | 2,704 | ' | ' | ' | ' | ' | ' | ' |
Allocation of partners' capital | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -4,676 | ' | ' | ' | ' | ' | ' | ' | 4,589 | ' | 4,589 | ' | ' | ' | ' | ' | ' | ' | ' | 1,425 | ' | ' | -6,158 | ' | ' | ' | ' | ' | -4,733 | ' | ' | ' | ' | ' | 57 | ' |
Adjustment for noncontrolling interests | ' | ' | ' | -4,534 | ' | ' | ' | 4,589 | ' | ' | ' | ' | -33,746 | ' | ' | ' | ' | -33,746 | ' | 29,212 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Adjustment to record redeemable noncontrolling interests at redemption value | ' | ' | ' | 7,012 | ' | ' | ' | -7,011 | ' | ' | ' | ' | 6,295 | ' | ' | ' | ' | 6,295 | ' | 717 | ' | 7,086 | ' | ' | ' | ' | ' | ' | -1,545 | -5,467 | ' | -7,012 | ' | ' | ' | ' | ' | ' | ' | ' | 148 | ' | ' | 6,938 | ' | ' | ' | ' | ' | 7,086 | ' | ' | ' | ' | ' | ' | ' |
Distributions to noncontrolling interests | ' | ' | ' | -39,885 | ' | ' | ' | -6,122 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -39,885 | ' | -39,885 | ' | ' | ' | ' | ' | ' | -1,550 | -4,571 | ' | -6,121 | ' | ' | ' | ' | ' | ' | ' | ' | -309 | ' | ' | -29,277 | ' | ' | ' | ' | ' | -29,586 | ' | ' | ' | ' | ' | -10,299 | ' |
Contributions from noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,530 | ' |
Purchase of noncontrolling interests in Operating Partnership | ' | ' | ' | ' | -41,444 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -41,444 | ' | -41,444 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -41,444 |
Balance, partners' capital at Dec. 31, 2013 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,560,355 | ' | ' | ' | ' | ' | ' | 5,883 | 28,756 | ' | 34,639 | ' | 565,212 | ' | ' | ' | ' | ' | ' | 9,866 | ' | ' | 961,175 | ' | ' | ' | ' | 4,923 | 1,541,176 | ' | ' | ' | ' | ' | 19,179 | ' |
Balance, shareholders' equity at Dec. 31, 2013 | ' | ' | ' | 1,559,934 | ' | ' | ' | ' | 25 | ' | ' | 1,700 | 1,967,644 | ' | 6,325 | -570,781 | ' | 1,404,913 | ' | 155,021 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance, partners' capital units at Dec. 31, 2013 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25,050,000 | ' | ' | 199,593,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance, partners' capital at Sep. 30, 2013 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Redeemable common units | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 28,756 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Distributions declared | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -8,861 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance, partners' capital at Dec. 31, 2013 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,560,355 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance, shareholders' equity at Dec. 31, 2013 | ' | ' | ' | ' | ' | ' | ' | ' | $25 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Consolidated_Statements_of_Equ1
Consolidated Statements of Equity Consolidated Statements of Equity (Parenthetical)(CBL & Associates Properties, Inc. [Member] Common Stock [Member]) | 12 Months Ended | |||||||
Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Common Stock and Restricted Common Stock [Member] | Common Stock and Restricted Common Stock [Member] | Common Stock and Restricted Common Stock [Member] | Restricted Common Stock [Member] | Restricted Common Stock [Member] | Restricted Common Stock [Member] | |||
Conversion of operating partnership special units into 12,466,000, 125,100, and 9,807,013 shares of common stock (in shares) | 12,466,000 | 125,100 | ' | ' | ' | ' | ' | ' |
Issuance of shares of common stock (in shares) | ' | ' | 8,772,114 | 232,560 | 190,812 | ' | ' | ' |
Cancellation of 39,779, 16,082, and 17,790 shares of restricted common stock (in shares) | ' | ' | ' | ' | ' | 41,661 | 39,779 | 16,082 |
Issuance of 42,484 shares of common stock under deferred compensation arrangement (in shares) | 42,484 | ' | ' | ' | ' | ' | ' | ' |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' | ' |
Net income | $110,370,000 | $174,519,000 | ' |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' |
(Gain) loss on discontinued operations | -1,144,000 | -938,000 | 1,000 |
Net realized (gain) loss on sale of available-for-sale securities | 0 | ' | 22,000 |
Change in deferred tax accounts | 1,823,000 | 3,095,000 | 5,695,000 |
CBL & Associates Properties, Inc. [Member] | ' | ' | ' |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' | ' |
Net income | 110,370,000 | 174,519,000 | 184,994,000 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' |
Depreciation and amortization | 285,549,000 | 268,634,000 | 276,370,000 |
Amortization of deferred finance costs, debt premiums and discounts | 4,783,000 | 7,896,000 | 10,239,000 |
Net amortization of intangible lease assets and liabilities | 63,000 | -1,263,000 | -906,000 |
Gain on sales of real estate assets | -1,980,000 | -5,323,000 | -59,396,000 |
(Gain) loss on discontinued operations | -1,144,000 | -938,000 | 1,000 |
Write-off of development projects | 334,000 | -39,000 | 94,000 |
Share-based compensation expense | 2,725,000 | 3,740,000 | 1,783,000 |
Net realized (gain) loss on sale of available-for-sale securities | 0 | -224,000 | 22,000 |
Write-down of mortgage and other notes receivable | 0 | 0 | 1,900,000 |
Gain on investments | -2,400,000 | -45,072,000 | 0 |
Loss on impairment from continuing operations | 70,049,000 | 24,379,000 | 51,304,000 |
Loss on impairment from discontinued operations | 5,234,000 | 26,461,000 | 7,425,000 |
Equity in earnings of unconsolidated affiliates | -11,616,000 | -8,313,000 | -6,138,000 |
Distributions of earnings from unconsolidated affiliates | 15,995,000 | 17,074,000 | 9,586,000 |
Provision for doubtful accounts | 1,816,000 | 1,523,000 | 1,743,000 |
Change in deferred tax accounts | 1,824,000 | 3,095,000 | -5,695,000 |
Changes in: | ' | ' | ' |
Tenant and other receivables | -12,358,000 | -2,150,000 | -5,986,000 |
Other assets | 5,928,000 | 2,136,000 | 6,084,000 |
Accounts payable and accrued liabilities | -19,529,000 | 15,645,000 | 875,000 |
Net cash provided by operating activities | 464,751,000 | 481,515,000 | 441,836,000 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' | ' |
Additions to real estate assets | -314,299,000 | -217,827,000 | -205,379,000 |
Acquisitions of real estate assets | -41,444,000 | -96,099,000 | -11,500,000 |
Additions to restricted cash | -7,592,000 | -1,063,000 | -14,719,000 |
(Additions) reductions to cash held in escrow | 15,000,000 | -15,000,000 | 0 |
Purchase of partners' interest in unconsolidated affiliates | 0 | -14,280,000 | 0 |
Proceeds from sales of real estate assets | 240,150,000 | 76,950,000 | 244,647,000 |
Proceeds from sales of investments in unconsolidated affiliates | 4,875,000 | 0 | 0 |
Additions to mortgage and other notes receivable | -2,700,000 | -3,584,000 | -15,173,000 |
Payments received on mortgage notes receivable | 5,672,000 | 3,002,000 | 7,479,000 |
Proceeds from sale of available-for-sale securities | 11,002,000 | 0 | 0 |
Additional investments in and advances to unconsolidated affiliates | -34,063,000 | -8,809,000 | -35,499,000 |
Distributions in excess of equity in earnings of unconsolidated affiliates | 11,310,000 | 43,173,000 | 17,907,000 |
Changes in other assets | -13,604,000 | -13,133,000 | -15,408,000 |
Net cash used in investing activities | -125,693,000 | -246,670,000 | -27,645,000 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' | ' |
Proceeds from mortgage and other indebtedness | 2,298,116,000 | 1,869,140,000 | 1,933,770,000 |
Principal payments on mortgage and other indebtedness | -2,179,541,000 | -1,884,935,000 | -2,086,461,000 |
Additions to deferred financing costs | -7,739,000 | -7,384,000 | -19,629,000 |
Prepayment fees on extinguishment of debt | -8,708,000 | 0 | 0 |
Proceeds from issuances of common stock | 209,547,000 | 172,000 | 179,000 |
Proceeds from issuances of preferred stock | 0 | 166,720,000 | 0 |
Purchase of noncontrolling interest in the Operating Partnership | 0 | 9,863,000 | 0 |
Redemption of preferred stock/units | 0 | -115,000,000 | 0 |
Proceeds from exercises of stock options | 0 | 4,454,000 | 1,955,000 |
Redemption of redeemable noncontrolling preferred joint venture interest | -408,577,000 | 0 | 0 |
Contributions from noncontrolling interests | 6,530,000 | 7,120,000 | 2,079,000 |
Distributions to noncontrolling interests | -65,187,000 | -65,635,000 | -75,468,000 |
Dividends paid to holders of preferred stock | -44,892,000 | -43,738,000 | -42,376,000 |
Dividends paid to common shareholders | -151,355,000 | -133,740,000 | -123,044,000 |
Net cash used in financing activities | -351,806,000 | -212,689,000 | -408,995,000 |
NET CHANGE IN CASH AND CASH EQUIVALENTS | -12,748,000 | 22,156,000 | 5,196,000 |
CASH AND CASH EQUIVALENTS, beginning of period | 78,248,000 | 56,092,000 | 50,896,000 |
CASH AND CASH EQUIVALENTS, end of period | 65,500,000 | 78,248,000 | 56,092,000 |
CBL & Associates Properties, Inc. [Member] | Continuing Operations [Member] | ' | ' | ' |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' |
(Gain) loss on extinguishment of debt | 9,108,000 | -265,000 | -1,029,000 |
CBL & Associates Properties, Inc. [Member] | Discontinued Operations [Member] | ' | ' | ' |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' |
(Gain) loss on extinguishment of debt | 0 | 0 | -31,434,000 |
CBL & Associates Limited Partnership [Member] | ' | ' | ' |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' | ' |
Net income | 110,370,000 | 174,519,000 | 184,994,000 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' |
Depreciation and amortization | 285,549,000 | 268,634,000 | 276,370,000 |
Amortization of deferred finance costs, debt premiums and discounts | 4,783,000 | 7,896,000 | 10,239,000 |
Net amortization of intangible lease assets and liabilities | 63,000 | -1,263,000 | -906,000 |
Gain on sales of real estate assets | -1,980,000 | -5,323,000 | -59,396,000 |
(Gain) loss on discontinued operations | -1,144,000 | -938,000 | 1,000 |
Write-off of development projects | 334,000 | -39,000 | 94,000 |
Share-based compensation expense | 2,725,000 | 3,740,000 | 1,783,000 |
Net realized (gain) loss on sale of available-for-sale securities | 0 | -224,000 | 22,000 |
Write-down of mortgage and other notes receivable | 0 | 0 | 1,900,000 |
Gain on investments | -2,400,000 | -45,072,000 | 0 |
Loss on impairment from continuing operations | 70,049,000 | 24,379,000 | 51,304,000 |
Loss on impairment from discontinued operations | 5,234,000 | 26,461,000 | 7,425,000 |
Equity in earnings of unconsolidated affiliates | -11,616,000 | -8,313,000 | -6,138,000 |
Distributions of earnings from unconsolidated affiliates | 15,995,000 | 17,074,000 | 9,586,000 |
Provision for doubtful accounts | 1,816,000 | 1,523,000 | 1,743,000 |
Change in deferred tax accounts | 1,824,000 | 3,095,000 | -5,695,000 |
Changes in: | ' | ' | ' |
Tenant and other receivables | -12,358,000 | -2,150,000 | -6,025,000 |
Other assets | 5,928,000 | 1,801,000 | 6,084,000 |
Accounts payable and accrued liabilities | -19,539,000 | 15,646,000 | 905,000 |
Net cash provided by operating activities | 464,741,000 | 481,181,000 | 441,827,000 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' | ' |
Additions to real estate assets | -314,299,000 | -217,827,000 | -205,379,000 |
Acquisitions of real estate assets | -41,444,000 | -96,099,000 | -11,500,000 |
Additions to restricted cash | -7,592,000 | -1,063,000 | -14,719,000 |
(Additions) reductions to cash held in escrow | 15,000,000 | -15,000,000 | 0 |
Purchase of partners' interest in unconsolidated affiliates | 0 | -14,280,000 | 0 |
Proceeds from sales of real estate assets | 240,150,000 | 76,950,000 | 244,647,000 |
Proceeds from sales of investments in unconsolidated affiliates | 4,875,000 | 0 | 0 |
Additions to mortgage and other notes receivable | -2,700,000 | -3,584,000 | -15,173,000 |
Payments received on mortgage notes receivable | 5,672,000 | 3,002,000 | 7,479,000 |
Proceeds from sale of available-for-sale securities | 11,002,000 | 0 | 0 |
Additional investments in and advances to unconsolidated affiliates | -34,063,000 | -8,809,000 | -35,499,000 |
Distributions in excess of equity in earnings of unconsolidated affiliates | 11,310,000 | 43,160,000 | 17,907,000 |
Changes in other assets | -13,604,000 | -13,133,000 | -15,408,000 |
Net cash used in investing activities | -125,693,000 | -246,683,000 | -27,645,000 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' | ' |
Proceeds from mortgage and other indebtedness | 2,298,116,000 | 1,869,140,000 | 1,933,770,000 |
Principal payments on mortgage and other indebtedness | -2,179,541,000 | -1,884,935,000 | -2,086,461,000 |
Additions to deferred financing costs | -7,739,000 | -7,384,000 | -19,629,000 |
Prepayment fees on extinguishment of debt | -8,708,000 | 0 | 0 |
Proceeds from issuances of common stock | 209,547,000 | 172,000 | 179,000 |
Proceeds from issuances of preferred stock | 0 | 167,078,000 | 0 |
Redemption of common units | 0 | -9,863,000 | 0 |
Redemption of preferred stock/units | 0 | -115,000,000 | 0 |
Proceeds from exercises of stock options | 0 | 4,454,000 | 1,955,000 |
Redemption of redeemable noncontrolling preferred joint venture interest | -408,577,000 | 0 | 0 |
Contributions from noncontrolling interests | 6,530,000 | 7,120,000 | 2,079,000 |
Distributions to noncontrolling interests | -65,187,000 | -26,899,000 | -29,518,000 |
Dividends paid to holders of preferred stock | -44,892,000 | -43,738,000 | -42,376,000 |
Dividends paid to common shareholders | -151,355,000 | -172,476,000 | -168,994,000 |
Net cash used in financing activities | -351,806,000 | -212,331,000 | -408,995,000 |
NET CHANGE IN CASH AND CASH EQUIVALENTS | -12,758,000 | 22,167,000 | 5,187,000 |
CASH AND CASH EQUIVALENTS, beginning of period | 78,244,000 | 56,077,000 | 50,890,000 |
CASH AND CASH EQUIVALENTS, end of period | 65,486,000 | 78,244,000 | 56,077,000 |
CBL & Associates Limited Partnership [Member] | Continuing Operations [Member] | ' | ' | ' |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' |
(Gain) loss on extinguishment of debt | 9,108,000 | -265,000 | -1,029,000 |
CBL & Associates Limited Partnership [Member] | Discontinued Operations [Member] | ' | ' | ' |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' |
(Gain) loss on extinguishment of debt | $0 | $0 | ($31,434,000) |
Organization
Organization | 12 Months Ended |
Dec. 31, 2013 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Organization | ' |
ORGANIZATION | |
CBL, a Delaware corporation, is a self-managed, self-administered, fully-integrated REIT that is engaged in the ownership, development, acquisition, leasing, management and operation of regional shopping malls, open-air centers, associated centers, community centers and office properties. Its Properties are located in 27 states, but are primarily in the southeastern and midwestern United States. | |
CBL conducts substantially all of its business through the Operating Partnership. As of December 31, 2013, the Operating Partnership owned controlling interests in 75 regional malls/open-air and outlet centers (including 1 mixed-use center), 25 associated centers (each located adjacent to a regional mall), 7 community centers and 8 office buildings, including CBL’s corporate office building. The Operating Partnership consolidates the financial statements of all entities in which it has a controlling financial interest or where it is the primary beneficiary of a VIE. At December 31, 2013, the Operating Partnership owned non-controlling interests in nine regional malls/ open-air centers, four associated centers, four community centers and five office buildings. Because one or more of the other partners have substantive participating rights, the Operating Partnership does not control these partnerships and joint ventures and, accordingly, accounts for these investments using the equity method. The Operating Partnership had controlling interests in two mall redevelopments and one outlet center, owned in a 65%/35% joint venture, under construction at December 31, 2013. The Operating Partnership had a noncontrolling interest in one community center development at December 31, 2013. The Operating Partnership also holds options to acquire certain development properties owned by third parties. | |
CBL is the 100% owner of two qualified REIT subsidiaries, CBL Holdings I, Inc. and CBL Holdings II, Inc. At December 31, 2013, CBL Holdings I, Inc., the sole general partner of the Operating Partnership, owned a 1.0% general partner interest in the Operating Partnership and CBL Holdings II, Inc. owned an 84.2% limited partner interest for a combined interest held by CBL of 85.2%. | |
The noncontrolling interest in the Operating Partnership is held by CBL & Associates, Inc., its shareholders and affiliates and certain senior officers of the Company (collectively "CBL's Predecessor"), all of which contributed their interests in certain real estate properties and joint ventures to the Operating Partnership in exchange for a limited partner interest when the Operating Partnership was formed in November 1993, and by various third parties. At December 31, 2013, CBL’s Predecessor owned a 9.1% limited partner interest and third parties owned a 5.7% limited partner interest in the Operating Partnership. CBL’s Predecessor also owned 3.4 million shares of the Company's common stock at December 31, 2013, for a total combined effective interest of 10.8% in the Operating Partnership. | |
The Operating Partnership conducts the Company's property management and development activities through its wholly-owned subsidiary, CBL & Associates Management, Inc. (the “Management Company”), to comply with certain requirements of the Internal Revenue Code. | |
As used herein, the term "Company" includes CBL & Associates Properties, Inc. and its subsidiaries, including CBL & Associates Limited Partnership and its subsidiaries, unless the context indicates otherwise. The term "Operating Partnership" refers to CBL & Associates Limited Partnership and its subsidiaries. |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 12 Months Ended | |||||||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||||||
Accounting Policies [Abstract] | ' | |||||||||||||||||||||||||||
Summary of Significant Accounting Policies | ' | |||||||||||||||||||||||||||
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | ||||||||||||||||||||||||||||
Basis of Presentation | ||||||||||||||||||||||||||||
This Form 10-K provides separate consolidated financial statements for the Company and the Operating Partnership. Due to the Company's ability as general partner to control the Operating Partnership, the Company consolidates the Operating Partnership within its consolidated financial statements for financial reporting purposes. The notes to consolidated financial statements apply to both the Company and the Operating Partnership, unless specifically noted otherwise. | ||||||||||||||||||||||||||||
The accompanying consolidated financial statements include the consolidated accounts of the Company, the Operating Partnership and their wholly owned subsidiaries, as well as entities in which the Company has a controlling financial interest or entities where the Company is deemed to be the primary beneficiary of a VIE. For entities in which the Company has less than a controlling financial interest or entities where the Company is not deemed to be the primary beneficiary of a VIE, the entities are accounted for using the equity method of accounting. Accordingly, the Company's share of the net earnings or losses of these entities is included in consolidated net income. The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). All intercompany transactions have been eliminated. | ||||||||||||||||||||||||||||
Certain historical amounts have been reclassified to conform to the current year presentation. The financial results of certain Properties are reported as discontinued operations in the consolidated financial statements. Except where noted, the information presented in the Notes to Consolidated Financial Statements excludes discontinued operations. | ||||||||||||||||||||||||||||
Accounting Guidance Adopted | ||||||||||||||||||||||||||||
In February 2013, the FASB issued ASU 2013-02. The objective of ASU 2013-02 is to improve reporting of reclassifications out of AOCI by presenting information about such reclassifications and their corresponding effect on net income primarily in one place, either on the face of the financial statements or in the notes. ASU 2013-02 requires an entity to disclose information by component for significant amounts reclassified out of AOCI if the amounts reclassified are required to be reclassified under GAAP to net income in their entirety in the same reporting period. For amounts not required under GAAP to be reclassified in their entirety to net income, an entity is required to cross-reference to other disclosures that provide additional details about those amounts. For public companies, this guidance was effective on a prospective basis for fiscal years, and interim periods within those years, beginning after December 15, 2012. ASU 2013-02 did not change the calculation of or amounts reported as net income and comprehensive income but did change the presentation of the components of AOCI reported in the Company's consolidated financial statements. | ||||||||||||||||||||||||||||
In July 2013, the FASB issued ASU 2013-10. ASU 2013-10 permits the OIS Rate, also referred to as the Fed Funds Effective Swap Rate, to be used as a U.S. benchmark for hedge accounting purposes, in addition to LIBOR and interest rates on direct U.S. Treasury obligations. The guidance also removes the restriction on using different benchmarks for similar hedges. ASU 2013-10 is effective prospectively for qualifying new or redesignated hedges entered into on or after July 17, 2013. The adoption of this guidance did not have a material effect on the Company's consolidated financial statements. | ||||||||||||||||||||||||||||
Accounting Pronouncements Not Yet Effective | ||||||||||||||||||||||||||||
In February 2013, the FASB issued ASU 2013-04. ASU 2013-04 addresses the diversity in practice related to the recognition, measurement and disclosure of certain obligations which are not addressed within existing GAAP guidance. Such obligations under the scope of ASU 2013-04 include debt arrangements, other contractual obligations, settled litigation and judicial rulings. The guidance requires an entity to measure these joint and several obligations as the sum of the amount the reporting entity agreed to pay on the basis of its arrangement among its co-obligors as well as any additional amount the reporting entity expects to pay on behalf of its co-obligors. ASU 2013-04 also requires an entity to disclose information about the nature and amount of these obligations. For public companies, ASU 2013-04 is effective on a retrospective basis for fiscal years, and interim periods within those years, beginning after December 15, 2013. The Company may elect to use hindsight for the comparative periods (if the Company changes its accounting as a result of the adoption of this guidance). Early adoption is permitted. The Company is evaluating the impact that this update may have on its consolidated financial statements. | ||||||||||||||||||||||||||||
In July 2013, the FASB issued ASU 2013-11. The objective of this update is to reduce the diversity in practice related to the presentation of certain unrecognized tax benefits. ASU 2013-11 provides that unrecognized tax benefits are to be presented as a reduction of a deferred tax asset for an NOL carryforward, a similar tax loss or a tax credit carryforward when settlement in this manner is available under the governing tax law. To the extent such an NOL carryforward, a similar tax loss or a tax credit carryforward is not available at the reporting date under the governing tax law to settle taxes that would result from the disallowance of the tax position or the entity does not intend to use the deferred tax asset for this purpose, the unrecognized tax benefit is to be recorded as a liability in the financial statements and should not be netted with a deferred tax asset. ASU 2013-11 is effective for public companies for fiscal years beginning after December 15, 2013 and interim periods within those years. The guidance should be applied prospectively to all unrecognized tax benefits that exist at the effective date. Early adoption and retrospective application are permitted. The Company is evaluating the impact that this update may have on its consolidated financial statements. | ||||||||||||||||||||||||||||
Real Estate Assets | ||||||||||||||||||||||||||||
The Company capitalizes predevelopment project costs paid to third parties. All previously capitalized predevelopment costs are expensed when it is no longer probable that the project will be completed. Once development of a project commences, all direct costs incurred to construct the project, including interest and real estate taxes, are capitalized. Additionally, certain general and administrative expenses are allocated to the projects and capitalized based on the amount of time applicable personnel work on the development project. Ordinary repairs and maintenance are expensed as incurred. Major replacements and improvements are capitalized and depreciated over their estimated useful lives. | ||||||||||||||||||||||||||||
All acquired real estate assets have been accounted for using the acquisition method of accounting and accordingly, the results of operations are included in the consolidated statements of operations from the respective dates of acquisition. The Company allocates the purchase price to (i) tangible assets, consisting of land, buildings and improvements, as if vacant, and tenant improvements, and (ii) identifiable intangible assets and liabilities, generally consisting of above-market leases, in-place leases and tenant relationships, which are included in other assets, and below-market leases, which are included in accounts payable and accrued liabilities. The Company uses estimates of fair value based on estimated cash flows, using appropriate discount rates, and other valuation techniques to allocate the purchase price to the acquired tangible and intangible assets. Liabilities assumed generally consist of mortgage debt on the real estate assets acquired. Assumed debt is recorded at its fair value based on estimated market interest rates at the date of acquisition. | ||||||||||||||||||||||||||||
Depreciation is computed on a straight-line basis over estimated lives of 40 years for buildings, 10 to 20 years for certain improvements and 7 to 10 years for equipment and fixtures. Tenant improvements are capitalized and depreciated on a straight-line basis over the term of the related lease. Lease-related intangibles from acquisitions of real estate assets are generally amortized over the remaining terms of the related leases. The amortization of above- and below-market leases is recorded as an adjustment to minimum rental revenue, while the amortization of all other lease-related intangibles is recorded as amortization expense. Any difference between the face value of the debt assumed and its fair value is amortized to interest expense over the remaining term of the debt using the effective interest method. | ||||||||||||||||||||||||||||
The Company’s intangibles and their balance sheet classifications as of December 31, 2013 and 2012, are summarized as follows: | ||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | |||||||||||||||||||||||||||
Cost | Accumulated | Cost | Accumulated | |||||||||||||||||||||||||
Amortization | Amortization | |||||||||||||||||||||||||||
Intangible lease assets and other assets: | ||||||||||||||||||||||||||||
Above-market leases | $ | 65,932 | $ | (41,230 | ) | $ | 69,360 | $ | (37,454 | ) | ||||||||||||||||||
In-place leases | 111,769 | (60,243 | ) | 117,631 | (46,767 | ) | ||||||||||||||||||||||
Tenant relationships | 27,381 | (4,004 | ) | 27,880 | (3,350 | ) | ||||||||||||||||||||||
Accounts payable and accrued liabilities: | ||||||||||||||||||||||||||||
Below-market leases | 101,901 | (64,046 | ) | 104,012 | (57,625 | ) | ||||||||||||||||||||||
These intangibles are related to specific tenant leases. Should a termination occur earlier than the date indicated in the lease, the related intangible assets or liabilities, if any, related to the lease are recorded as expense or income, as applicable. The total net amortization expense of the above intangibles was $19,030, $10,558 and $7,108 in 2013, 2012 and 2011, respectively. The estimated total net amortization expense for the next five succeeding years is $13,421 in 2014, $10,475 in 2015, $6,219 in 2016, $4,537 in 2017 and $2,079 in 2018. | ||||||||||||||||||||||||||||
Total interest expense capitalized was $4,889, $2,671 and $4,955 in 2013, 2012 and 2011, respectively. | ||||||||||||||||||||||||||||
Carrying Value of Long-Lived Assets | ||||||||||||||||||||||||||||
The Company evaluates the carrying value of long-lived assets to be held and used when events or changes in circumstances warrant such a review. The carrying value of a long-lived asset is considered impaired when its estimated future undiscounted cash flows are less than its carrying value. The Company estimates fair value using the undiscounted cash flows expected to be generated by each Property, which are based on a number of assumptions such as leasing expectations, operating budgets, estimated useful lives, future maintenance expenditures, intent to hold for use and capitalization rates. If it is determined that impairment has occurred, the amount of the impairment charge is equal to the excess of the asset’s carrying value over its estimated fair value. These assumptions are subject to economic and market uncertainties including, but not limited to, demand for space, competition for tenants, changes in market rental rates and costs to operate each Property. As these factors are difficult to predict and are subject to future events that may alter the assumptions used, the future cash flows estimated in the Company’s impairment analyses may not be achieved. See Note 4 and Note 15 for information related to the impairment of long-lived assets for 2013, 2012 and 2011. | ||||||||||||||||||||||||||||
Cash and Cash Equivalents | ||||||||||||||||||||||||||||
The Company considers all highly liquid investments with original maturities of three months or less as cash equivalents. | ||||||||||||||||||||||||||||
Restricted Cash | ||||||||||||||||||||||||||||
Restricted cash of $46,252 and $42,880 was included in intangible lease assets and other assets at December 31, 2013 and 2012, respectively. Restricted cash consists primarily of cash held in escrow accounts for debt service, insurance, real estate taxes, capital improvements and deferred maintenance as required by the terms of certain mortgage notes payable, as well as contributions from tenants to be used for future marketing activities. The Company’s restricted cash included $81 and $110 as of December 31, 2013 and 2012, respectively, related to funds held in a trust account for certain construction costs associated with our developments. | ||||||||||||||||||||||||||||
Allowance for Doubtful Accounts | ||||||||||||||||||||||||||||
The Company periodically performs a detailed review of amounts due from tenants to determine if accounts receivable balances are realizable based on factors affecting the collectability of those balances. The Company’s estimate of the allowance for doubtful accounts requires management to exercise significant judgment about the timing, frequency and severity of collection losses, which affects the allowance and net income. The Company recorded a provision for doubtful accounts of $1,253, $798 and $1,670 for 2013, 2012 and 2011, respectively. | ||||||||||||||||||||||||||||
Investments in Unconsolidated Affiliates | ||||||||||||||||||||||||||||
The Company evaluates its joint venture arrangements to determine whether they should be recorded on a consolidated basis. The percentage of ownership interest in the joint venture, an evaluation of control and whether a VIE exists are all considered in the Company’s consolidation assessment. | ||||||||||||||||||||||||||||
Initial investments in joint ventures that are in economic substance a capital contribution to the joint venture are recorded in an amount equal to the Company’s historical carryover basis in the real estate contributed. Initial investments in joint ventures that are in economic substance the sale of a portion of the Company’s interest in the real estate are accounted for as a contribution of real estate recorded in an amount equal to the Company’s historical carryover basis in the ownership percentage retained and as a sale of real estate with profit recognized to the extent of the other joint venturers’ interests in the joint venture. Profit recognition assumes the Company has no commitment to reinvest with respect to the percentage of the real estate sold and the accounting requirements of the full accrual method are met. | ||||||||||||||||||||||||||||
The Company accounts for its investment in joint ventures where it owns a non-controlling interest or where it is not the primary beneficiary of a VIE using the equity method of accounting. Under the equity method, the Company’s cost of investment is adjusted for its share of equity in the earnings of the unconsolidated affiliate and reduced by distributions received. Generally, distributions of cash flows from operations and capital events are first made to partners to pay cumulative unpaid preferences on unreturned capital balances and then to the partners in accordance with the terms of the joint venture agreements. | ||||||||||||||||||||||||||||
Any differences between the cost of the Company’s investment in an unconsolidated affiliate and its underlying equity as reflected in the unconsolidated affiliate’s financial statements generally result from costs of the Company’s investment that are not reflected on the unconsolidated affiliate’s financial statements, capitalized interest on its investment and the Company’s share of development and leasing fees that are paid by the unconsolidated affiliate to the Company for development and leasing services provided to the unconsolidated affiliate during any development periods. At December 31, 2013 and 2012, the components of the net difference between the Company’s investment in unconsolidated affiliates and the underlying equity of unconsolidated affiliates, which are amortized over a period equal to the useful life of the unconsolidated affiliates' asset/liability that is related to the basis difference, was $14,650 and $11,674, respectively. | ||||||||||||||||||||||||||||
On a periodic basis, the Company assesses whether there are any indicators that the fair value of the Company's investments in unconsolidated affiliates may be impaired. An investment is impaired only if the Company’s estimate of the fair value of the investment is less than the carrying value of the investment and such decline in value is deemed to be other than temporary. To the extent impairment has occurred, the loss is measured as the excess of the carrying amount of the investment over the estimated fair value of the investment. The Company's estimates of fair value for each investment are based on a number of assumptions that are subject to economic and market uncertainties including, but not limited to, demand for space, competition for tenants, changes in market rental rates, and operating costs. As these factors are difficult to predict and are subject to future events that may alter the Company’s assumptions, the fair values estimated in the impairment analyses may not be realized. | ||||||||||||||||||||||||||||
No impairments of investments in unconsolidated affiliates were recorded in 2013, 2012 and 2011. | ||||||||||||||||||||||||||||
Deferred Financing Costs | ||||||||||||||||||||||||||||
Net deferred financing costs of $25,061 and $24,821 were included in intangible lease assets and other assets at December 31, 2013 and 2012, respectively. Deferred financing costs include fees and costs incurred to obtain financing and are amortized on a straight-line basis to interest expense over the terms of the related indebtedness. Amortization expense was $7,468, $10,263 and $11,744 in 2013, 2012 and 2011, respectively. Accumulated amortization was $14,656 and $8,932 as of December 31, 2013 and 2012, respectively. | ||||||||||||||||||||||||||||
Marketable Securities | ||||||||||||||||||||||||||||
Intangible lease assets and other assets include marketable securities consisting of corporate equity securities and bonds that are classified as available-for-sale. Unrealized gains and losses on available-for-sale securities that are deemed to be temporary in nature are recorded as a component of accumulated other comprehensive income (loss) ("AOCI/L") in redeemable noncontrolling interests, shareholders’ equity and partners' capital, and noncontrolling interests. Realized gains and losses are recorded in other income. Gains or losses on securities sold are based on the specific identification method. The Company did not recognize any realized gains or losses related to sales of marketable securities in 2013. The Company recognized net realized gains on sales of available-for-sale securities of $224 in 2012 and net realized losses on sales of available-for-sale securities of $22 in 2011. | ||||||||||||||||||||||||||||
If a decline in the value of an investment is deemed to be other than temporary, the investment is written down to fair value and an impairment loss is recognized in the current period to the extent of the decline in value. In determining when a decline in fair value below cost of an investment in marketable securities is other-than-temporary, the following factors, among others, are evaluated: | ||||||||||||||||||||||||||||
• | the probability of recovery; | |||||||||||||||||||||||||||
• | the Company’s ability and intent to retain the security for a sufficient period of time for it to recover; | |||||||||||||||||||||||||||
• | the significance of the decline in value; | |||||||||||||||||||||||||||
• | the time period during which there has been a significant decline in value; | |||||||||||||||||||||||||||
• | current and future business prospects and trends of earnings; | |||||||||||||||||||||||||||
• | relevant industry conditions and trends relative to their historical cycles; and | |||||||||||||||||||||||||||
• | market conditions. | |||||||||||||||||||||||||||
There were no other-than-temporary impairments of marketable securities incurred during 2013, 2012 and 2011. The following is a summary of the marketable securities held by the Company as of December 31, 2013 and 2012: | ||||||||||||||||||||||||||||
Gross Unrealized | ||||||||||||||||||||||||||||
Adjusted Cost | Gains | Losses | Fair Value | |||||||||||||||||||||||||
December 31, 2013: | ||||||||||||||||||||||||||||
Common stocks | $ | 4,195 | $ | 9,778 | $ | — | $ | 13,973 | ||||||||||||||||||||
December 31, 2012: | ||||||||||||||||||||||||||||
Common stocks | $ | 4,195 | $ | 12,361 | $ | — | $ | 16,556 | ||||||||||||||||||||
Government and government sponsored entities | 11,123 | — | — | 11,123 | ||||||||||||||||||||||||
$ | 15,318 | $ | 12,361 | $ | — | $ | 27,679 | |||||||||||||||||||||
Interest Rate Hedging Instruments | ||||||||||||||||||||||||||||
The Company recognizes its derivative financial instruments in either accounts payable and accrued liabilities or intangible lease assets and other assets, as applicable, in the consolidated balance sheets and measures those instruments at fair value. The accounting for changes in the fair value (i.e., gain or loss) of a derivative depends on whether it has been designated and qualifies as part of a hedging relationship, and further, on the type of hedging relationship. To qualify as a hedging instrument, a derivative must pass prescribed effectiveness tests, performed quarterly using both qualitative and quantitative methods. The Company has entered into derivative agreements as of December 31, 2013 and 2012 that qualify as hedging instruments and were designated, based upon the exposure being hedged, as cash flow hedges. The fair value of these cash flow hedges as of December 31, 2013 and 2012 was $4,007 and $5,805, respectively, and is included in accounts payable and accrued liabilities in the accompanying consolidated balance sheets. To the extent they are effective, changes in the fair values of cash flow hedges are reported in other comprehensive income (loss) and reclassified into earnings in the same period or periods during which the hedged item affects earnings. The ineffective portion of the hedge, if any, is recognized in current earnings during the period of change in fair value. The gain or loss on the termination of an effective cash flow hedge is reported in other comprehensive income (loss) and reclassified into earnings in the same period or periods during which the hedged item affects earnings. The Company also assesses the credit risk that the counterparty will not perform according to the terms of the contract. | ||||||||||||||||||||||||||||
See Notes 6 and 15 for additional information regarding the Company’s interest rate hedging instruments. | ||||||||||||||||||||||||||||
Revenue Recognition | ||||||||||||||||||||||||||||
Minimum rental revenue from operating leases is recognized on a straight-line basis over the initial terms of the related leases. Certain tenants are required to pay percentage rent if their sales volumes exceed thresholds specified in their lease agreements. Percentage rent is recognized as revenue when the thresholds are achieved and the amounts become determinable. | ||||||||||||||||||||||||||||
The Company receives reimbursements from tenants for real estate taxes, insurance, common area maintenance and other recoverable operating expenses as provided in the lease agreements. Tenant reimbursements are recognized when earned in accordance with the tenant lease agreements. Tenant reimbursements related to certain capital expenditures are billed to tenants over periods of 5 to 15 years and are recognized as revenue in accordance with underlying lease terms. | ||||||||||||||||||||||||||||
The Company receives management, leasing and development fees from third parties and unconsolidated affiliates. Management fees are charged as a percentage of revenues (as defined in the management agreement) and are recognized as revenue when earned. Development fees are recognized as revenue on a pro rata basis over the development period. Leasing fees are charged for newly executed leases and lease renewals and are recognized as revenue when earned. Development and leasing fees received from an unconsolidated affiliate during the development period are recognized as revenue only to the extent of the third-party partner’s ownership interest. Development and leasing fees during the development period, to the extent of the Company’s ownership interest, are recorded as a reduction to the Company’s investment in the unconsolidated affiliate. | ||||||||||||||||||||||||||||
Gain on Sales of Real Estate Assets | ||||||||||||||||||||||||||||
Gain on sales of real estate assets is recognized when it is determined that the sale has been consummated, the buyer’s initial and continuing investment is adequate, the Company’s receivable, if any, is not subject to future subordination, and the buyer has assumed the usual risks and rewards of ownership of the asset. When the Company has an ownership interest in the buyer, gain is recognized to the extent of the third party partner’s ownership interest and the portion of the gain attributable to the Company’s ownership interest is deferred. | ||||||||||||||||||||||||||||
Income Taxes | ||||||||||||||||||||||||||||
The Company is qualified as a REIT under the provisions of the Internal Revenue Code. To maintain qualification as a REIT, the Company is required to distribute at least 90% of its taxable income to shareholders and meet certain other requirements. | ||||||||||||||||||||||||||||
As a REIT, the Company is generally not liable for federal corporate income taxes. If the Company fails to qualify as a REIT in any taxable year, the Company will be subject to federal and state income taxes on its taxable income at regular corporate tax rates. Even if the Company maintains its qualification as a REIT, the Company may be subject to certain state and local taxes on its income and property, and to federal income and excise taxes on its undistributed income. State tax expense was $3,570, $3,530 and $3,766 during 2013, 2012 and 2011, respectively. | ||||||||||||||||||||||||||||
The Company has also elected taxable REIT subsidiary status for some of its subsidiaries. This enables the Company to receive income and provide services that would otherwise be impermissible for REITs. For these entities, deferred tax assets and liabilities are established for temporary differences between the financial reporting basis and the tax basis of assets and liabilities at the enacted tax rates expected to be in effect when the temporary differences reverse. A valuation allowance for deferred tax assets is provided if the Company believes all or some portion of the deferred tax asset may not be realized. An increase or decrease in the valuation allowance that results from the change in circumstances that causes a change in our judgment about the realizability of the related deferred tax asset is included in income or expense, as applicable. The Company recorded an income tax provision of $1,305 and $1,404 in 2013 and 2012, respectively, and an income tax benefit of $269 in 2011. The income tax provision in 2013 consisted of a current income tax benefit of $518 and a deferred income tax provision of $1,823. The income tax provision in 2012 consisted of a current income tax benefit of $1,691 and a deferred income tax provision of $3,095. The income tax benefit in 2011 consisted of a current income tax provision of $5,426 and a deferred income tax benefit of $5,695, | ||||||||||||||||||||||||||||
The Company had a net deferred tax asset of $4,893 and $6,607 at December 31, 2013 and 2012, respectively. The net deferred tax asset at December 31, 2013 and 2012 is included in intangible lease assets and other assets and primarily consisted of operating expense accruals and differences between book and tax depreciation. As of December 31, 2013, tax years that generally remain subject to examination by the Company’s major tax jurisdictions include 2010, 2011, 2012 and 2013. | ||||||||||||||||||||||||||||
The Company reports any income tax penalties attributable to its properties as property operating expenses and any corporate-related income tax penalties as general and administrative expenses in its statement of operations. In addition, any interest incurred on tax assessments is reported as interest expense. The Company reported nominal interest and penalty amounts in 2013, 2012 and 2011. | ||||||||||||||||||||||||||||
Concentration of Credit Risk | ||||||||||||||||||||||||||||
The Company’s tenants include national, regional and local retailers. Financial instruments that subject the Company to concentrations of credit risk consist primarily of tenant receivables. The Company generally does not obtain collateral or other security to support financial instruments subject to credit risk, but monitors the credit standing of tenants. | ||||||||||||||||||||||||||||
The Company derives a substantial portion of its rental income from various national and regional retail companies; however, no single tenant collectively accounted for more than 3.4% of the Company’s total revenues in 2013, 2012 or 2011. | ||||||||||||||||||||||||||||
Earnings Per Share and Earnings per Unit | ||||||||||||||||||||||||||||
See Note 7 for information regarding significant CBL equity offerings that affected per share and per unit amounts for each period presented. | ||||||||||||||||||||||||||||
Earnings per Share of the Company | ||||||||||||||||||||||||||||
Basic earnings per share ("EPS") is computed by dividing net income attributable to common shareholders by the weighted-average number of common shares outstanding for the period. Diluted EPS assumes the issuance of common stock for all potential dilutive common shares outstanding. The limited partners’ rights to convert their noncontrolling interests in the Operating Partnership into shares of common stock are not dilutive. | ||||||||||||||||||||||||||||
The following summarizes the impact of potential dilutive common shares on the denominator used to compute EPS: | ||||||||||||||||||||||||||||
Year Ended December 31, | ||||||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||||||
Denominator – basic | 167,027 | 154,762 | 148,289 | |||||||||||||||||||||||||
Stock options | — | 3 | 3 | |||||||||||||||||||||||||
Deemed shares related to deferred compensation arrangements | — | 42 | 42 | |||||||||||||||||||||||||
Denominator – diluted | 167,027 | 154,807 | 148,334 | |||||||||||||||||||||||||
There were no outstanding stock options in 2013. There were no anti-dilutive shares related to stock options in 2012. For the year ended December 31, 2011, 23,000 shares related to stock options were excluded from the computation of diluted EPS because the effect of including the stock options would have been anti-dilutive. | ||||||||||||||||||||||||||||
Earnings per Unit of the Operating Partnership | ||||||||||||||||||||||||||||
Basic earnings per unit ("EPU") is computed by dividing net income attributable to common unitholders by the weighted-average number of common units outstanding for the period. Diluted EPU assumes the issuance of common units for all potential dilutive common units outstanding. | ||||||||||||||||||||||||||||
The following summarizes the impact of potential dilutive common units on the denominator used to compute EPU: | ||||||||||||||||||||||||||||
Year Ended December 31, | ||||||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||||||
Denominator – basic | 196,572 | 190,223 | 190,335 | |||||||||||||||||||||||||
Stock options | — | 3 | 3 | |||||||||||||||||||||||||
Deemed units related to deferred compensation arrangements | — | 42 | 42 | |||||||||||||||||||||||||
Denominator – diluted | 196,572 | 190,268 | 190,380 | |||||||||||||||||||||||||
Comprehensive Income | ||||||||||||||||||||||||||||
Accumulated Other Comprehensive Income of the Company | ||||||||||||||||||||||||||||
Comprehensive income of the Company includes all changes in redeemable noncontrolling interests and total equity during the period, except those resulting from investments by shareholders and partners, distributions to shareholders and partners and redemption valuation adjustments. Other comprehensive income (loss) (“OCI/L”) includes changes in unrealized gains (losses) on available-for-sale securities and interest rate hedge agreements. | ||||||||||||||||||||||||||||
The changes in the components of AOCI for the years ended December 31, 2013 and 2012 are as follows: | ||||||||||||||||||||||||||||
Redeemable | The Company | Noncontrolling Interests | ||||||||||||||||||||||||||
Noncontrolling | ||||||||||||||||||||||||||||
Interests | ||||||||||||||||||||||||||||
Unrealized Gains (Losses) | ||||||||||||||||||||||||||||
Hedging Agreements | Available-for-Sale Securities | Hedging Agreements | Available-for-Sale Securities | Hedging Agreements | Available-for-Sale Securities | Total | ||||||||||||||||||||||
Beginning balance, January 1, 2012 | $ | 377 | $ | 328 | $ | (2,628 | ) | $ | 6,053 | $ | (3,488 | ) | $ | 1,775 | $ | 2,417 | ||||||||||||
OCI before reclassifications | (4 | ) | 23 | 2,139 | 3,510 | (75 | ) | 445 | 6,038 | |||||||||||||||||||
Amounts reclassified from AOCI (1) | — | 2 | (2,267 | ) | 179 | — | 43 | (2,043 | ) | |||||||||||||||||||
Net year-to-date period OCI | (4 | ) | 25 | (128 | ) | 3,689 | (75 | ) | 488 | 3,995 | ||||||||||||||||||
Ending balance, December 31, 2012 | 373 | 353 | (2,756 | ) | 9,742 | (3,563 | ) | 2,263 | 6,412 | |||||||||||||||||||
OCI before reclassifications | 14 | (20 | ) | 3,839 | (2,203 | ) | 259 | $ | (360 | ) | 1,529 | |||||||||||||||||
Amounts reclassified from AOCI (1) | — | — | (2,297 | ) | — | — | — | (2,297 | ) | |||||||||||||||||||
Net year-to-date period OCI | 14 | (20 | ) | 1,542 | (2,203 | ) | 259 | (360 | ) | (768 | ) | |||||||||||||||||
Ending balance, December 31, 2013 | $ | 387 | $ | 333 | $ | (1,214 | ) | $ | 7,539 | $ | (3,304 | ) | $ | 1,903 | $ | 5,644 | ||||||||||||
(1) Reclassified $2,297 and $2,267 of interest on cash flow hedges to Interest Expense in the consolidated statements of operations for the years ended December 31, 2013 and 2012, respectively. Reclassified $224 realized gain on available-for-sale securities to Interest and Other Income in the consolidated statements of operations for the year ended December 31, 2012. | ||||||||||||||||||||||||||||
Accumulated Other Comprehensive Income of the Operating Partnership | ||||||||||||||||||||||||||||
Comprehensive income of the Operating Partnership includes all changes in redeemable common units and partners' capital during the period, except those resulting from investments by unitholders, distributions to unitholders and redemption valuation adjustments. OCI/L includes changes in unrealized gains (losses) on available-for-sale securities and interest rate hedge agreements. | ||||||||||||||||||||||||||||
The changes in the components of AOCI for the years ended December 31, 2013 and 2012 are as follows: | ||||||||||||||||||||||||||||
Redeemable | Partners' | |||||||||||||||||||||||||||
Common | Capital | |||||||||||||||||||||||||||
Units | ||||||||||||||||||||||||||||
Unrealized Gains (Losses) | ||||||||||||||||||||||||||||
Hedging Agreements | Available-for-Sale Securities | Hedging Agreements | Available-for-Sale Securities | Total | ||||||||||||||||||||||||
Beginning balance, January 1, 2012 | $ | 377 | $ | 328 | $ | (6,116 | ) | $ | 7,828 | $ | 2,417 | |||||||||||||||||
OCI before reclassifications | (4 | ) | 23 | 2,064 | 3,955 | 6,038 | ||||||||||||||||||||||
Amounts reclassified from AOCI (1) | — | 2 | (2,267 | ) | 222 | (2,043 | ) | |||||||||||||||||||||
Net year-to-date period OCI | (4 | ) | 25 | (203 | ) | 4,177 | 3,995 | |||||||||||||||||||||
Ending balance, December 31, 2012 | 373 | 353 | (6,319 | ) | 12,005 | 6,412 | ||||||||||||||||||||||
OCI before reclassifications | 14 | (20 | ) | 4,098 | (2,563 | ) | 1,529 | |||||||||||||||||||||
Amounts reclassified from AOCI (1) | — | — | (2,297 | ) | — | (2,297 | ) | |||||||||||||||||||||
Net year-to-date period OCI | 14 | (20 | ) | 1,801 | (2,563 | ) | (768 | ) | ||||||||||||||||||||
Ending balance, December 31, 2013 | $ | 387 | $ | 333 | $ | (4,518 | ) | $ | 9,442 | 5,644 | ||||||||||||||||||
(1) Reclassified $2,297 and $2,267 of interest on cash flow hedges to Interest Expense in the consolidated statements of operations for the years ended December 31, 2013 and 2012, respectively. Reclassified $224 realized gain on available-for-sale securities to Interest and Other Income in the consolidated statements of operations for the year ended December 31, 2012. | ||||||||||||||||||||||||||||
Use of Estimates | ||||||||||||||||||||||||||||
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reported period. Actual results could differ from those estimates. |
Acquisitions
Acquisitions | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Business Combinations [Abstract] | ' | ||||||||||||||||||||||||
Acquisitions | ' | ||||||||||||||||||||||||
ACQUISITIONS | |||||||||||||||||||||||||
The Company includes the results of operations of real estate assets acquired in the consolidated statements of operations from the date of the related acquisition. The pro forma effect of these acquisitions was not material. The following is a summary of the Company's acquisitions since January 1, 2011: | |||||||||||||||||||||||||
Purchase Date | Property | Property | Location | Ownership | Cash | Debt | Other | Purchase | |||||||||||||||||
Type | Percentage | Assumed | Price | ||||||||||||||||||||||
Acquired | |||||||||||||||||||||||||
2013 Acquisition: | |||||||||||||||||||||||||
April | Kirkwood Mall (1) | Mall | Bismarck, ND | 51.00% | $ | 41,378 | $ | 20,587 | $ | — | $ | 61,965 | |||||||||||||
2012 Acquisitions: | |||||||||||||||||||||||||
December | Imperial Valley Mall (2) | Mall | El Centro, CA | 40.00% | $ | 15,500 | $ | 21,018 | $ | — | $ | 36,518 | |||||||||||||
December | Kirkwood Mall (1) | Mall | Bismarck, ND | 49.00% | 39,754 | 19,781 | — | 59,535 | |||||||||||||||||
May | Dakota Square Mall (3) | Mall | Minot, ND | 100.00% | 32,474 | 59,001 | — | 91,475 | |||||||||||||||||
April | The Outlet Shoppes at Gettysburg (4) | Mall | Gettysburg, PA | 50.00% | — | 20,315 | 4,522 | 24,837 | |||||||||||||||||
April | The Outlet Shoppes at El Paso (5) | Mall | El Paso, TX | 75.00% | 35,456 | 50,193 | — | 85,649 | |||||||||||||||||
$ | 123,184 | $ | 170,308 | $ | 4,522 | $ | 298,014 | ||||||||||||||||||
2011 Acquisition: | |||||||||||||||||||||||||
September | Northgate Mall | Mall | Chattanooga, TN | 100.00% | $ | 11,500 | $ | — | $ | — | $ | 11,500 | |||||||||||||
(1) The Company acquired a 49.0% joint venture interest in Kirkwood Mall in December 2012. The cash paid was based on a total value of $121,500 including a $40,368 non-recourse loan. The Company executed an agreement to acquire the remaining 51.0% interest within 90 days subject to lender approval to assume the loan, which bears interest at a fixed rate of 5.75% and matures in April 2018. As the loan bears interest at an above-market rate, the Company recorded a debt premium of $2,970, computed using an estimated market interest rate of 4.25%. In accordance with its executed agreement, the Company acquired the remaining 51.0% interest in Kirkwood Mall in April 2013. As described in Note 8, the Company consolidated this joint venture as of December 31, 2013 and 2012. | |||||||||||||||||||||||||
(2) The Company acquired the remaining 40% interests in Imperial Valley Mall L.P., Imperial Valley Peripheral L.P. and Imperial Valley Commons L.P. from its joint venture partner. Imperial Valley Commons, L.P. was classified as a VIE and was accounted for on a consolidated basis as the Company was deemed to be the primary beneficiary. Imperial Valley Mall L.P. and Imperial Valley Peripheral L.P. were unconsolidated affiliates accounted for using the equity method of accounting. We recorded a gain on investment of $45,072 related to the acquisition of our joint venture partner's interest and all three joint ventures are accounted for on a consolidated basis as of the purchase date. See Note 5 for additional information. | |||||||||||||||||||||||||
(3) The $59,001 non-recourse loan bears interest at a fixed rate of 6.23% and matures in November 2016. The Company recorded a debt premium of $3,040, computed using an estimated market rate of 4.75%, since the debt assumed was at an above-market interest rate compared to similar debt instruments at the date of acquisition. | |||||||||||||||||||||||||
(4) The Company and its noncontrolling interest partner exercised their rights under the terms of a mezzanine loan agreement with the borrower, which owned The Outlet Shoppes at Gettysburg, to convert a $4,522 mezzanine loan into a member interest in the outlet shopping center. The $40,631 of debt assumed, of which the Company's 50.0% share is $20,315, bears interest at a fixed rate of 5.87% and matures in February 2016. | |||||||||||||||||||||||||
(5) The Company also acquired a 50.0% interest in outparcel land adjacent to the outlet shopping center for $3,864 in addition to the $31,592 paid for the 75.0% share of the outlet shopping center . See Note 5. The amount paid for the Company's 75.0% and 50.0% interests was based on a total value of $116,775 including the assumption of a $66,924 non-recourse loan, which bears interest at a fixed rate of 7.06% and matures in December 2017. The debt assumed was at an above-average interest rate compared to similar debt instruments at the date of acquisition, so the Company recorded a debt premium of $7,700 (of which $5,775 represents the Company's 75.0% share), computed using an estimated market interest rate of 4.75%. The entity that owned The Outlet Shoppers at El Paso used a portion of the cash proceeds to repay a $9,150 mezzanine loan provided by the Company, of which the Company's share was $6,862. After considering the repayment of the mezzanine loan to the Company, the net consideration paid by the Company in connection with this transaction was $28,594. | |||||||||||||||||||||||||
The following table summarizes the final allocations of the estimated fair values of the assets acquired and liabilities assumed as of the respective acquisition dates for the Properties listed above: | |||||||||||||||||||||||||
2012 | 2011 | ||||||||||||||||||||||||
Land | $ | 87,869 | $ | 2,330 | |||||||||||||||||||||
Buildings and improvements | 379,763 | 8,220 | |||||||||||||||||||||||
Investments in unconsolidated affiliates | 3,864 | — | |||||||||||||||||||||||
Tenant improvements | 15,328 | — | |||||||||||||||||||||||
Above-market leases | 15,359 | 2,030 | |||||||||||||||||||||||
In-place leases | 65,814 | 1,570 | |||||||||||||||||||||||
Total assets | 567,997 | 14,150 | |||||||||||||||||||||||
Mortgage note payables assumed | (259,470 | ) | — | ||||||||||||||||||||||
Debt premium | (15,334 | ) | — | ||||||||||||||||||||||
Below-market leases | (39,698 | ) | (2,650 | ) | |||||||||||||||||||||
Noncontrolling interest | (60,295 | ) | — | ||||||||||||||||||||||
Value of Company's interest in joint ventures | (65,494 | ) | — | ||||||||||||||||||||||
Net assets acquired | $ | 127,706 | $ | 11,500 | |||||||||||||||||||||
Discontinued_Operations
Discontinued Operations | 12 Months Ended | ||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||
Discontinued Operations and Disposal Groups [Abstract] | ' | ||||||||||||||||||
Discontinued Operations | ' | ||||||||||||||||||
DISCONTINUED OPERATIONS | |||||||||||||||||||
The results of operations of the Properties described below, as well as any gains or impairment losses related to those Properties, are included in discontinued operations for all periods presented, as applicable. Net proceeds from these sales were used to reduce the outstanding balances on the Company's credit facilities, with the exception of proceeds from the sales of Westridge Square and Oak Hollow Mall. See below for further explanation. The following is a summary of the Company's dispositions since January 1, 2011: | |||||||||||||||||||
Sales Price | Gain/ | ||||||||||||||||||
(Loss) | |||||||||||||||||||
Sales Date | Property | Property Type | Location | Gross | Net | ||||||||||||||
2013 Activity: | |||||||||||||||||||
Aug-13 | Georgia Square & Georgia Square Plaza, Panama City Mall & The Shoppes at Panama City, RiverGate Mall and Village at RiverGate (1) | Mall & Associated Center | Athens, GA | $ | 176,000 | $ | 171,977 | $ | (19 | ) | |||||||||
Panama City, FL | |||||||||||||||||||
Nashville, TN | |||||||||||||||||||
Mar-13 | 1500 Sunday Drive | Office Building | Raleigh, NC | 8,300 | 7,862 | (549 | ) | ||||||||||||
Mar-13 | Peninsula I & II | Office Building | Newport News, VA | 5,250 | 5,121 | 598 | |||||||||||||
Jan-13 | Lake Point & SunTrust (2) | Office Building | Greensboro, NC | 30,875 | 30,490 | 823 | |||||||||||||
Dec-08 | 706 & 708 Green Valley Road (3) | Office Building | Greensboro, NC | 281 | |||||||||||||||
Various (4) | 10 | ||||||||||||||||||
$ | 220,425 | $ | 215,450 | $ | 1,144 | ||||||||||||||
2012 Activity: | |||||||||||||||||||
Dec-12 | Willowbrook Plaza (5) | Community Center | Houston, TX | $ | 24,450 | $ | 24,171 | $ | — | ||||||||||
Oct-12 | Towne Mall (6) | Mall | Franklin, OH | 950 | 892 | (3 | ) | ||||||||||||
Oct-12 | Hickory Hollow Mall (7) | Mall | Antioch, TN | 1,000 | 966 | (6 | ) | ||||||||||||
Jul-12 | Massard Crossing | Community Center | Fort Smith, AR | 7,803 | 7,432 | 98 | |||||||||||||
Mar-12 | Settlers Ridge - Phase II (8) | Community Center | Robinson Township, PA | 19,144 | 18,951 | 883 | |||||||||||||
Jan-12 | Oak Hollow Square (9) | Community Center | High Point, NC | 14,247 | 13,796 | (1 | ) | ||||||||||||
Various (4) | (33 | ) | |||||||||||||||||
$ | 67,594 | $ | 66,208 | $ | 938 | ||||||||||||||
2011 Activity: | |||||||||||||||||||
Nov-11 | Westridge Square (10) | Community Center | Greensboro, NC | $ | 26,125 | 25,768 | $ | (160 | ) | ||||||||||
Feb-11 | Oak Hollow Mall (11) | Mall | High Point, NC | 9,000 | 8,847 | 6 | |||||||||||||
Dec-10 | Settler's Ridge - Phase I | Community Center | Robinson Township, PA | 67 | |||||||||||||||
Oct-10 | Pemberton Square | Mall | Vicksburg, MS | 39 | |||||||||||||||
Various (4) | 47 | ||||||||||||||||||
$ | 35,125 | $ | 34,615 | $ | (1 | ) | |||||||||||||
-1 | A loss on impairment of $5,234 was recorded in the third quarter of 2013 to write down the book value of these six Properties sold in a portfolio sale to the net sales price. | ||||||||||||||||||
-2 | Classified as held for sale as of December 31, 2012. | ||||||||||||||||||
-3 | Recognition of gain that was deferred in December 2008 upon repayment of the notes receivable for a portion of the sales price. | ||||||||||||||||||
-4 | Reflects subsequent true-ups for settlement of estimated expenses based on actual amounts for sales that occurred in prior periods. | ||||||||||||||||||
-5 | A loss on impairment of $17,743 was recorded in the third quarter of 2012 to write down the book value of this Property to its then estimated fair value. | ||||||||||||||||||
-6 | A loss on impairment of $419 was recorded in the third quarter of 2012 to write down the book value of this Property to expected sales price. | ||||||||||||||||||
-7 | A loss on impairment of $8,047 was recorded in the third quarter of 2012 to write down the book value of this Property to expected sales price. | ||||||||||||||||||
-8 | A loss on impairment of $4,457 was recorded in the second quarter of 2011 to write down the book value of this Property to its then estimated fair value. | ||||||||||||||||||
-9 | A loss on impairment of $255 was recorded in the first quarter of 2012 related to the true-up of certain estimated amounts to actual amounts. Additionally, the Company wrote down the depreciated book value of this Property to the estimated sales price and recorded a loss on impairment of $729 in the fourth quarter of 2011. | ||||||||||||||||||
-10 | Proceeds from the sale were used to reduce the outstanding borrowings on the unsecured term facility used to acquire the Starmount Properties. | ||||||||||||||||||
-11 | Net proceeds from the sale were used to retire the outstanding principal balance and accrued interest of $40,281 on the non-recourse loan secured by the Property in accordance with the lender’s agreement to modify the outstanding principal balance and accrued interest to equal the net sales price for the Property and, as a result, the Company recorded a gain on extinguishment of debt of $31,434 in the first quarter of 2011. The Company also recorded a loss on impairment in the first quarter of 2011 of $2,746 to write down the book value of the Property to the net sales price. In the second quarter of 2010, the Company recorded a loss on impairment of $25,435 related to the Property to write down its depreciated book value to its then estimated fair value. | ||||||||||||||||||
Total revenues of the Properties that are included in discontinued operations were $15,468, $43,911 and $50,696 in 2013, 2012 and 2011, respectively. The total net investment in real estate assets at the time of sale for the Properties sold during 2013 was $219,833. There were no outstanding loans on any of the Properties sold during 2013. Discontinued operations for the years ended December 31, 2013, 2012 and 2011 also include true-ups of estimated expense to actual amounts for Properties sold during previous years. |
Unconsolidated_Affiliates_and_
Unconsolidated Affiliates and Cost Method Investments | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Equity Method Investments and Joint Ventures [Abstract] | ' | |||||||||||
Unconsolidated Affiliates, Noncontrolling Interests, and Cost Method Investments | ' | |||||||||||
UNCONSOLIDATED AFFILIATES AND COST METHOD INVESTMENTS | ||||||||||||
Unconsolidated Affiliates | ||||||||||||
At December 31, 2013, the Company had investments in the following 17 entities, which are accounted for using the equity method of accounting: | ||||||||||||
Joint Venture | Property Name | Company's | ||||||||||
Interest | ||||||||||||
CBL/T-C, LLC | CoolSprings Galleria, Oak Park Mall, West County Center and Pearland Town Center | 60.3 | % | |||||||||
CBL-TRS Joint Venture, LLC | Friendly Center, The Shops at Friendly Center and a portfolio of four office buildings | 50 | % | |||||||||
CBL-TRS Joint Venture II, LLC | Renaissance Center | 50 | % | |||||||||
El Paso Outlet Outparcels, LLC | The Outlet Shoppes at El Paso (vacant land) | 50 | % | |||||||||
Fremaux Town Center JV, LLC | Fremaux Town Center | 65 | % | |||||||||
Governor’s Square IB | Governor’s Plaza | 50 | % | |||||||||
Governor’s Square Company | Governor’s Square | 47.5 | % | |||||||||
High Pointe Commons, LP | High Pointe Commons | 50 | % | |||||||||
High Pointe Commons II-HAP, LP | High Pointe Commons - Christmas Tree Shop | 50 | % | |||||||||
JG Gulf Coast Town Center LLC | Gulf Coast Town Center | 50 | % | |||||||||
Kentucky Oaks Mall Company | Kentucky Oaks Mall | 50 | % | |||||||||
Mall of South Carolina L.P. | Coastal Grand—Myrtle Beach | 50 | % | |||||||||
Mall of South Carolina Outparcel L.P. | Coastal Grand—Myrtle Beach (Coastal Grand Crossing and vacant land) | 50 | % | |||||||||
Port Orange I, LLC | The Pavilion at Port Orange Phase I and one office building | 50 | % | |||||||||
Triangle Town Member LLC | Triangle Town Center, Triangle Town Commons and Triangle Town Place | 50 | % | |||||||||
West Melbourne I, LLC | Hammock Landing Phases I and II | 50 | % | |||||||||
York Town Center, LP | York Town Center | 50 | % | |||||||||
Although the Company had majority ownership of certain joint ventures during 2013, 2012 and 2011, it evaluated the investments and concluded that the other partners or owners in these joint ventures had substantive participating rights, such as approvals of: | ||||||||||||
• | the pro forma for the development and construction of the project and any material deviations or modifications thereto; | |||||||||||
• | the site plan and any material deviations or modifications thereto; | |||||||||||
• | the conceptual design of the project and the initial plans and specifications for the project and any material deviations or modifications thereto; | |||||||||||
• | any acquisition/construction loans or any permanent financings/refinancings; | |||||||||||
• | the annual operating budgets and any material deviations or modifications thereto; | |||||||||||
• | the initial leasing plan and leasing parameters and any material deviations or modifications thereto; and | |||||||||||
• | any material acquisitions or dispositions with respect to the project. | |||||||||||
As a result of the joint control over these joint ventures, the Company accounts for these investments using the equity method of accounting. | ||||||||||||
Condensed combined financial statement information of these unconsolidated affiliates is as follows: | ||||||||||||
December 31, | ||||||||||||
2013 | 2012 | |||||||||||
ASSETS: | ||||||||||||
Investment in real estate assets | $ | 2,167,227 | $ | 2,143,187 | ||||||||
Accumulated depreciation | (555,174 | ) | (492,864 | ) | ||||||||
1,612,053 | 1,650,323 | |||||||||||
Developments in progress | 103,161 | 21,809 | ||||||||||
Net investment in real estate assets | 1,715,214 | 1,672,132 | ||||||||||
Other assets | 168,799 | 175,540 | ||||||||||
Total assets | $ | 1,884,013 | $ | 1,847,672 | ||||||||
LIABILITIES: | ||||||||||||
Mortgage and other indebtedness | $ | 1,468,422 | $ | 1,456,622 | ||||||||
Other liabilities | 48,203 | 48,538 | ||||||||||
Total liabilities | 1,516,625 | 1,505,160 | ||||||||||
OWNERS' EQUITY: | ||||||||||||
The Company | 213,664 | 196,694 | ||||||||||
Other investors | 153,724 | 145,818 | ||||||||||
Total owners' equity | 367,388 | 342,512 | ||||||||||
Total liabilities and owners’ equity | $ | 1,884,013 | $ | 1,847,672 | ||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Revenues | $ | 243,215 | $ | 251,628 | $ | 177,222 | ||||||
Depreciation and amortization | (76,323 | ) | (82,534 | ) | (58,538 | ) | ||||||
Other operating expenses | (72,166 | ) | (76,567 | ) | (53,417 | ) | ||||||
Income from operations | 94,726 | 92,527 | 65,267 | |||||||||
Interest income | 1,359 | 1,365 | 1,420 | |||||||||
Interest expense | (76,934 | ) | (84,421 | ) | (59,972 | ) | ||||||
Gain on sales of real estate assets | 102 | 2,063 | 1,744 | |||||||||
Net income | $ | 19,253 | $ | 11,534 | $ | 8,459 | ||||||
Financings | ||||||||||||
The following table presents the loan activity of the Company's unconsolidated affiliates since January 1, 2012: | ||||||||||||
Date | Property | Stated | Maturity Date (1) | Amount Financed | ||||||||
Interest | or Extended | |||||||||||
Rate | ||||||||||||
2013 Activity: | ||||||||||||
December | The Pavilion at Port Orange - Phase I (2) | LIBOR + 2.0% | Nov-15 | $ | 62,600 | |||||||
December | Hammock Landing - Phase I (3) | LIBOR + 2.0% | Nov-15 | 41,068 | ||||||||
December | Hammock Landing - Phase II (4) | LIBOR + 2.25% | Nov-15 | 10,757 | ||||||||
March | Renaissance Center - Phase II (5) | 3.49% | Apr-23 | 16,000 | ||||||||
March | Friendly Center (6) | 3.48% | Apr-23 | 100,000 | ||||||||
March | Fremaux Town Center - Phase I (7) | LIBOR + 2.125% | Mar-16 | 46,000 | ||||||||
2012 Activity: | ||||||||||||
December | West County Center (8) | 3.40% | Dec-22 | $ | 190,000 | |||||||
July | Gulf Coast Town Center - Phase III (9) | LIBOR + 2.5% | Jul-15 | 7,000 | ||||||||
February | York Town Center (10) | 4.90% | Feb-22 | 38,000 | ||||||||
March | The Pavilion at Port Orange (11) | LIBOR + 3.5% | Mar-14 | 64,950 | ||||||||
(1) Excludes any extension options. | ||||||||||||
-2 | The construction loan was extended and modified to reduce the capacity from $64,950 to $62,600, reduce the interest rate from a variable-rate of LIBOR + 3.5% to a variable-rate of LIBOR + 2.0% and extend the maturity date. The loan has two one-year extension options, which are at the joint venture's election, for an outside maturity date of November 2017. The Company has guaranteed 25% of the construction loan. | |||||||||||
-3 | The loan was amended and restated to extend the maturity date and reduce the interest rate from a variable-rate of LIBOR + 3.5% to a variable-rate of LIBOR + 2.0%. The loan has two one-year extension options, which are at the joint venture's election, for an outside maturity date of November 2017. The Company has guaranteed 25% of the loan. | |||||||||||
-4 | A new construction loan to build a Carmike Cinema has two one-year extension options, which are at the joint venture's election, for an outside maturity date of November 2017. Upon completion of the construction and opening of the Carmike Cinema, the Company's guaranty will be reduced from 100% to 25% and the loan will bear interest at a variable-rate of LIBOR + 2.0%. | |||||||||||
(5) Net proceeds from the loan were used to retire a $15,700 loan that was scheduled to mature in April 2013. | ||||||||||||
-6 | Net proceeds from the loan were used to retire four loans, scheduled to mature in April 2013 and with an aggregate balance of $100,000, that were secured by Friendly Center, Friendly Center Office Building, First National Bank Building, Green Valley Office Building, First Citizens Bank Building, Wachovia Office Building and Bank of America Building. | |||||||||||
-7 | The construction loan has two one-year extension options, which are at the joint venture's election, for an outside maturity date of March 2018. The Company has guaranteed 100% of the construction loan. | |||||||||||
-8 | Net proceeds of $189,687 were used to retire the outstanding borrowings of $142,235 under the previous loan and excess proceeds were distributed 50/50 to the Company and its joint venture partner. | |||||||||||
-9 | Net proceeds from the loan were distributed to the Company in accordance with the terms of the joint venture agreement and were used to reduce the outstanding balances on the Company's credit facilities. The Company has guaranteed 100% of the loan. | |||||||||||
-10 | Net proceeds from the loan, plus cash on hand, were used to retire a $39,379 loan that was scheduled to mature in March 2012. | |||||||||||
-11 | The construction loan was extended and modified to remove a 1% LIBOR floor and reduce the capacity from $98,883 to $64,950. The joint venture paid $3,332 to reduce the outstanding balance on the loan to the new capacity amount. There is a one-year extension option on the loan, which is at the joint venture's election, for an outside maturity date of March 2015. The Company has guaranteed 100% of the construction loan. See Note (3) above for information on the extension and modification of this loan in December 2013. | |||||||||||
All of the debt on the Properties owned by the unconsolidated affiliates listed above is non-recourse, except for West Melbourne, Port Orange, High Pointe Commons, Gulf Coast - Phase III and Fremaux. See Note 14 for a description of guarantees the Company has issued related to certain unconsolidated affiliates. | ||||||||||||
See Note 19 for a subsequent event related to the Fremaux construction loan. | ||||||||||||
Fremaux Town Center JV, LLC | ||||||||||||
In January 2013, the Company formed a 65/35 joint venture, Fremaux, to develop, own and operate Fremaux Town Center, a community center development located in Slidell, LA. Construction began in March 2013 on the first phase with completion expected in spring 2014. The partners contributed aggregate initial equity of $20,500, of which the Company's contribution was $18,450. Following the initial formation of Fremaux, all required future contributions will be funded on a 65/35 pro rata basis. | ||||||||||||
Imperial Valley Mall L.P, Imperial Valley Peripheral L.P., Imperial Valley Commons L.P. | ||||||||||||
In December 2012, the Company acquired the remaining 40.0% interests in Imperial Valley Mall L.P. and Imperial Valley Peripheral L.P., which owns vacant land adjacent to Imperial Valley Mall in El Centro, CA, from its joint venture partner. The results of operations of Imperial Valley Mall L.P. and Imperial Valley Peripheral L.P. through the acquisition date are included in the table above using the equity method of accounting. From the date of acquisition, the results of operations of Imperial Valley Mall L.P. and Imperial Valley Peripheral L.P. are accounted for on a consolidated basis. The Company also acquired the joint venture partner's 40.0% interest in Imperial Valley Commons L.P., a VIE that owns land adjacent to Imperial Valley Mall. Imperial Valley Commons L.P. was consolidated as a VIE as of December 31, 2012 and continues to be accounted for on a consolidated basis as a wholly-owned entity as of December 31, 2013. See Note 3 for further information. | ||||||||||||
El Paso Outlet Outparcels, LLC | ||||||||||||
In April 2012, the Company acquired a 50.0% interest in a joint venture, El Paso Outlet Outparcels, LLC, simultaneously with the acquisition of a 75.0% interest in The Outlet Shoppes at El Paso (see Note 3). The Company's investment was $3,864. The remaining 50.0% interest is owned by affiliates of Horizon Group Properties. El Paso Outlet Outparcels, LLC owns land adjacent to The Outlet Shoppes at El Paso. The terms of the joint venture agreement provide that voting rights, capital contributions and distributions of cash flows will be on a pari passu basis in accordance with the ownership percentages. | ||||||||||||
CBL/T-C, LLC | ||||||||||||
In October 2011, the Company entered into a joint venture, CBL/T-C with TIAA-CREF. The Company contributed its interests in CoolSprings Galleria and West County Center, as well as a partial interest in Oak Park Mall, and TIAA-CREF contributed cash of $222,242. The contributed interests were encumbered by a total of $359,334 in mortgage loans. CBL/T-C used a portion of the contributed cash to acquire Pearland Town Center and the remaining interest in Oak Park Mall from the Company for an aggregate purchase price, including transaction costs, of $381,730, consisting of $207,410 in cash and the assumption of a mortgage loan of $174,320. The Company received $5,526 of cash from CBL/T-C for reimbursement of pre-formation expenditures. The Company used $204,210 of the proceeds, net of closing costs and expenses, received from these transactions to repay outstanding borrowings on its secured lines of credit. | ||||||||||||
The Company and TIAA-CREF each own a 50% interest with respect to the CoolSprings Galleria, Oak Park Mall and West County Center Properties. The terms of the joint venture agreement provide that, with respect to these Properties, voting rights, capital contributions and distributions of cash flows will be on a pari passu basis in accordance with ownership percentages. The Company and TIAA-CREF own 88% and 12% interests, respectively, in Pearland Town Center. The terms of the joint venture agreement provide that all major decisions, as defined, pertaining to Pearland Town Center require the approval of holders of 90% of the interests in Pearland Town Center and that capital contributions will be made on a pro rata basis in accordance with ownership percentages. The terms of the joint venture also provide that distributions of cash from Pearland Town Center will be made first to TIAA-CREF until it has received a preferred return equal to 8.0%, second to the Company until it has received a preferred return equal to 8.0% and then to the Company and TIAA-CREF pro rata according to ownership interests. Beginning on the second anniversary of CBL/T-C's formation, after TIAA-CREF receives its preferred return, TIAA-CREF will receive distributions until its aggregate unreturned contributions are reduced to $6,000, before any cash distributions are eligible to be made to the Company. Also beginning on the second anniversary of CBL/T-C's formation, after TIAA-CREF has received its preferred return and its unreturned contributions are reduced to $6,000, and after the Company receives its preferred return, all remaining cash distributions will be made to the Company until its aggregate unreturned contributions are reduced to $44,000. Once the Company's aggregate unreturned contributions are reduced to $44,000, all remaining distributions will be made to the Company and TIAA-CREF on a pro rata basis according to the ownership percentages. | ||||||||||||
The terms of the joint venture also provide that between the second and third anniversaries of CBL/T-C's formation, the Company may elect to purchase TIAA-CREF's interest in Pearland Town Center for a purchase price equal to the greater of (i) the fair value of TIAA-CREF's interest in Pearland Town Center as determined by an appraisal or (ii) TIAA-CREF's invested capital plus a preferred return equal to 8.0%. | ||||||||||||
The Company has accounted for the formation of CBL/T-C as the sale of a partial interest in the combined CoolSprings Galleria, Oak Park Mall and West County Center Properties and recognized a gain on sale of real estate of $54,327 in 2011, which included the impact of a reserve for future capital expenditures that the Company must fund related to parking decks at West County Center in the amount of $26,439. The Company recorded its investment in CBL/T-C under the equity method of accounting at $116,397, which represented its combined remaining 50% cost basis in the CoolSprings Galleria, Oak Park Mall and West County Center Properties. | ||||||||||||
The Company determined that CBL/T-C's interest in Pearland Town Center represents a variable interest in such specified assets of a VIE and have accounted for the Pearland Town Center Property separately from the combined CoolSprings Galleria, Oak Park Mall and West County Center Properties discussed above. The Company determined that, because it has the option to acquire TIAA-CREF's interest in Pearland Town Center in the future, it did not qualify as a partial sale and therefore, has accounted for the $18,264 contributed by TIAA-CREF attributable to Pearland Town Center as a financing. This amount is included in mortgage and other indebtedness in the accompanying consolidated balance sheets. Under the financing method, the Company continues to account for Pearland Town Center on a consolidated basis. | ||||||||||||
Cost Method Investments | ||||||||||||
The Company owns a 6.2% noncontrolling interest in subsidiaries of Jinsheng Group (“Jinsheng”), an established mall operating and real estate development company located in Nanjing, China. As of December 31, 2013, Jinsheng owns controlling interests in eight home furnishing shopping malls. | ||||||||||||
Prior to May 2013, the Company also held a secured convertible promissory note secured by 16,565,534 Series 2 Ordinary Shares of Jinsheng (which equated to a 2.275% ownership interest). The secured note was non-interest bearing and was amended by the Company and Jinsheng to extend to May 30, 2013 the Company's right to convert the outstanding amount of the secured note into 16,565,534 Series A-2 Preferred Shares of Jinsheng. The Company exercised its right to demand payment of the note and received payment from Jinsheng in May 2013. See Note 15 for additional information about the secured note. | ||||||||||||
The Company accounts for its noncontrolling interest in Jinsheng using the cost method because the Company does not exercise significant influence over Jinsheng and there is no readily determinable market value of Jinsheng’s shares since they are not publicly traded. The noncontrolling interest and the secured note are reflected as investment in unconsolidated affiliates in the accompanying consolidated balance sheets. |
Mortgage_and_Other_Indebtednes
Mortgage and Other Indebtedness | 12 Months Ended | ||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||||||||
Debt Disclosure [Abstract] | ' | ||||||||||||||||||||||||||||||||||
Mortgage and Other Indebtedness | ' | ||||||||||||||||||||||||||||||||||
MORTGAGE AND OTHER INDEBTEDNESS | |||||||||||||||||||||||||||||||||||
Debt of the Company | |||||||||||||||||||||||||||||||||||
All of the Company's debt is held directly or indirectly by the Operating Partnership. | |||||||||||||||||||||||||||||||||||
CBL is a limited guarantor of the 5.250% senior notes, issued by the Operating Partnership in November 2013, for losses suffered solely by reason of fraud or willful misrepresentation by the Operating Partnership or its affiliates. The Company also provides a limited guarantee of the Operating Partnership's obligations with respect to its unsecured credit facilities and two unsecured term loans as of December 31, 2013. | |||||||||||||||||||||||||||||||||||
CBL also has guaranteed 100% of the debt secured by The Promenade in D'Ilberville, MS, which had a balance of $51,300 at December 31, 2013. | |||||||||||||||||||||||||||||||||||
Debt of the Operating Partnership | |||||||||||||||||||||||||||||||||||
Mortgage and other indebtedness consisted of the following: | |||||||||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||||||||
Amount | Weighted | Amount | Weighted | ||||||||||||||||||||||||||||||||
Average | Average | ||||||||||||||||||||||||||||||||||
Interest | Interest | ||||||||||||||||||||||||||||||||||
Rate (1) | Rate (1) | ||||||||||||||||||||||||||||||||||
Fixed-rate debt: | |||||||||||||||||||||||||||||||||||
Non-recourse loans on operating properties (2) | $ | 3,527,830 | 5.54% | $ | 3,776,245 | 5.42% | |||||||||||||||||||||||||||||
Senior unsecured notes (3) | 445,374 | 5.25% | — | —% | |||||||||||||||||||||||||||||||
Financing method obligation (4) | 17,570 | 8.00% | 18,264 | 8.00% | |||||||||||||||||||||||||||||||
Total fixed-rate debt | 3,990,774 | 5.52% | 3,794,509 | 5.43% | |||||||||||||||||||||||||||||||
Variable-rate debt: | |||||||||||||||||||||||||||||||||||
Non-recourse term loans on operating properties | 133,712 | 3.14% | 123,875 | 3.36% | |||||||||||||||||||||||||||||||
Recourse term loans on operating properties | 51,300 | 1.87% | 97,682 | 1.78% | |||||||||||||||||||||||||||||||
Construction loans | 2,983 | 2.17% | 15,366 | 2.96% | |||||||||||||||||||||||||||||||
Unsecured lines of credit | 228,754 | 1.57% | 475,626 | 2.07% | |||||||||||||||||||||||||||||||
Secured line of credit (5) | — | —% | 10,625 | 2.46% | |||||||||||||||||||||||||||||||
Unsecured term loans | 450,000 | 1.71% | 228,000 | 1.82% | |||||||||||||||||||||||||||||||
Total variable-rate debt | 866,749 | 1.91% | 951,174 | 2.20% | |||||||||||||||||||||||||||||||
Total | $ | 4,857,523 | 4.88% | $ | 4,745,683 | 4.79% | |||||||||||||||||||||||||||||
-1 | Weighted-average interest rate includes the effect of debt premiums (discounts), but excludes amortization of deferred financing costs. | ||||||||||||||||||||||||||||||||||
-2 | The Operating Partnership has four interest rate swaps on notional amounts totaling $109,830 as of December 31, 2013 and $113,885 as of December 31, 2012 related to four variable-rate loans on operating Properties to effectively fix the interest rates on the respective loans. Therefore, these amounts are reflected in fixed-rate debt at December 31, 2013 and 2012. | ||||||||||||||||||||||||||||||||||
-3 | In November 2013, the Operating Partnership issued $450,000 of senior unsecured notes in a public offering. The balance at December 31, 2013 includes a discount of $4,626 recorded upon issuance. See below for additional information. | ||||||||||||||||||||||||||||||||||
-4 | This amount represents the noncontrolling partner's equity contribution related to Pearland Town Center that is accounted for as a financing due to certain terms of the CBL/T-C joint venture agreement. See Note 5 for further information. | ||||||||||||||||||||||||||||||||||
-5 | The Company converted its secured line of credit to an unsecured line of credit in February 2013. | ||||||||||||||||||||||||||||||||||
Non-recourse and recourse term loans include loans that are secured by Properties owned by the Company that have a net carrying value of $4,126,555 at December 31, 2013. | |||||||||||||||||||||||||||||||||||
Senior Unsecured Notes | |||||||||||||||||||||||||||||||||||
In November 2013, the Operating Partnership issued $450,000 of senior unsecured notes that bear interest at 5.250% payable semiannually beginning June 1, 2014 and mature on December 1, 2023 ("the Notes"). The interest rate will be subject to an increase ranging from 0.25% to 1.00% from time to time if, on or after January 1, 2016 and prior to January 1, 2020, the ratio of secured debt to total assets of the Company, as defined, is greater than 40% but less than 45%. The Notes are redeemable at the Operating Partnership's election, in whole or in part from time to time, on not less than 30 days notice to the holders of the Notes to be redeemed. The Notes may be redeemed prior to September 1, 2023 for cash, at a redemption price equal to the greater of (1) 100% of the aggregate principal amount of the Notes to be redeemed or (2) an amount equal to the sum of the present values of the remaining scheduled payments of principal and interest on the Notes to be redeemed, discounted to the redemption date on a semi-annual basis at the treasury rate, as defined, plus 0.40%, plus accrued and unpaid interest. On or after September 1, 2023, the Notes are redeemable for cash at a redemption price equal to 100% of the aggregate principal amount of the Notes to be redeemed plus accrued and unpaid interest. After deducting underwriting and other offering expenses of $4,152 and a discount of $4,626, the net proceeds from the sale of the Notes was $441,222, which the Operating Partnership used to reduce the outstanding balances on its credit facilities. | |||||||||||||||||||||||||||||||||||
Unsecured Lines of Credit | |||||||||||||||||||||||||||||||||||
The Company has three unsecured credit facilities that are used for retirement of secured loans, repayment of term loans, working capital, construction and acquisition purposes, as well as issuances of letters of credit. | |||||||||||||||||||||||||||||||||||
Wells Fargo Bank NA serves as the administrative agent for a syndicate of financial institutions for our two unsecured $600.0 million credit facilities ("Facility A" and "Facility B") for an aggregate amount of $1.2 billion. Facility A matures in November 2015 and has a one-year extension option for an outside maturity date of November 2016. Facility B matures in November 2016 and has a one-year extension option for an outside maturity date of November 2017. The extension options on both facilities are at the Company's election, subject to continued compliance with the terms of the facilities, and have a one-time extension fee of 0.20% of the commitment amount of each credit facility. | |||||||||||||||||||||||||||||||||||
In the first quarter of 2013, the Company amended and restated its $105,000 secured credit facility with First Tennessee Bank, NA. The facility was converted from secured to unsecured with a capacity of $100,000 and a maturity date of February 2016. | |||||||||||||||||||||||||||||||||||
Prior to May 14, 2013, borrowings under the three unsecured lines of credit bore interest at LIBOR plus a spread ranging from 155 to 210 basis points based on the Company’s leverage ratio. The Company also paid annual unused facility fees, on a quarterly basis, at rates of either 0.25% or 0.30% based on any unused commitment of each facility. In May 2013, the Company obtained an investment grade rating from Moody's and, effective May 14, 2013, made a one-time irrevocable election to use its credit rating to determine the interest rate on each facility. Under the credit rating election, each facility now bears interest at LIBOR plus a spread of 100 to 175 basis points. In July 2013, the Company received an IDR of BBB- with a stable outlook and a senior unsecured notes rating of BBB- from Fitch. As of December 31, 2013, the Company's interest rate based on its credit ratings from Moody's and Fitch is LIBOR plus 140 basis points. Additionally, the Company pays an annual facility fee that ranges from 0.15% to 0.35% of the total capacity of each facility rather than the unused commitment fees as described above. As of December 31, 2013, the annual facility fee is 0.30%. The three unsecured lines of credit had a weighted-average interest rate of 1.57% at December 31, 2013. | |||||||||||||||||||||||||||||||||||
The following summarizes certain information about the Company's unsecured lines of credit as of December 31, 2013: | |||||||||||||||||||||||||||||||||||
Total | Total | Maturity | Extended | ||||||||||||||||||||||||||||||||
Capacity | Outstanding | Date | Maturity | ||||||||||||||||||||||||||||||||
Date | |||||||||||||||||||||||||||||||||||
Facility A | $ | 600,000 | $ | 99,371 | -1 | Nov-15 | Nov-16 | ||||||||||||||||||||||||||||
First Tennessee | 100,000 | 5,000 | Feb-16 | N/A | |||||||||||||||||||||||||||||||
Facility B | 600,000 | 124,383 | -2 | Nov-16 | Nov-17 | ||||||||||||||||||||||||||||||
$ | 1,300,000 | $ | 228,754 | ||||||||||||||||||||||||||||||||
-1 | There was an additional $2,000 outstanding on this facility as of December 31, 2013 for letters of credit. Up to $50,000 of the capacity on this facility can be used for letters of credit. | ||||||||||||||||||||||||||||||||||
-2 | There was an additional $617 outstanding on this facility as of December 31, 2013 for letters of credit. Up to $50,000 of the capacity on this facility can be used for letters of credit. | ||||||||||||||||||||||||||||||||||
Secured Line of Credit | |||||||||||||||||||||||||||||||||||
In the first quarter of 2013, the Company amended and restated its $105,000 secured credit facility to convert it to an unsecured credit facility as described above. | |||||||||||||||||||||||||||||||||||
Unsecured Term Loans | |||||||||||||||||||||||||||||||||||
In the third quarter of 2013, the Company closed on a five-year $400,000 unsecured term loan. Net proceeds from the term loan were used to reduce outstanding balances on the Company's credit facilities. The loan bears interest at a variable-rate of LIBOR plus 150 basis points based on the Company's current credit ratings and has a maturity date of July 2018. At December 31, 2013, the outstanding borrowings of $400,000 had an interest rate of 1.67%. | |||||||||||||||||||||||||||||||||||
In the first quarter of 2013, under the terms of the Company's amended and restated agreement with First Tennessee Bank, NA, the Company obtained a $50,000 unsecured term loan that bears interest at a variable-rate of LIBOR plus 190 basis points and matures in February 2018. At December 31, 2013, the outstanding borrowings of $50,000 had a weighted-average interest rate of 2.07%. | |||||||||||||||||||||||||||||||||||
The Company had an unsecured term loan of $228,000 that bore interest at LIBOR plus a margin of 1.50% to 1.80% based on the Company’s leverage ratio, as defined in the loan agreement. The Company retired the unsecured term loan at its April 2013 maturity date with borrowings from the Company's credit facilities. | |||||||||||||||||||||||||||||||||||
Fixed-Rate Debt | |||||||||||||||||||||||||||||||||||
As of December 31, 2013, fixed-rate loans on operating Properties bear interest at stated rates ranging from 4.54% to 8.50%. Outstanding borrowings under fixed-rate loans include net unamortized debt premiums of $10,315 that were recorded when the Company assumed debt to acquire real estate assets that was at a net above-market interest rate compared to similar debt instruments at the date of acquisition. Fixed-rate loans on operating Properties generally provide for monthly payments of principal and/or interest and mature at various dates through November 2023, with a weighted average maturity of 4.8 years. | |||||||||||||||||||||||||||||||||||
The following table presents the fixed-rate loans that are secured by the related Properties, that have been entered into since January 1, 2012: | |||||||||||||||||||||||||||||||||||
Date | Property | Stated | Maturity Date (1) | Amount | |||||||||||||||||||||||||||||||
Interest | Financed | ||||||||||||||||||||||||||||||||||
Rate | or Extended (2) | ||||||||||||||||||||||||||||||||||
2013 Activity: | |||||||||||||||||||||||||||||||||||
October | The Outlet Shoppes at Atlanta (3) | 4.90% | Nov-23 | $ | 80,000 | ||||||||||||||||||||||||||||||
2012 Activity: | |||||||||||||||||||||||||||||||||||
June | WestGate Mall (4) | 4.99% | Jul-22 | $ | 40,000 | ||||||||||||||||||||||||||||||
May | Fashion Square Mall (4) | 4.95% | Jun-22 | 42,000 | |||||||||||||||||||||||||||||||
May | Jefferson Mall (4) | 4.75% | Jun-22 | 71,190 | |||||||||||||||||||||||||||||||
May | Southpark Mall (5) | 4.85% | Jun-22 | 67,000 | |||||||||||||||||||||||||||||||
May | CBL Center I and II (6) | 5.00% | Jun-22 | 22,000 | |||||||||||||||||||||||||||||||
April | Arbor Place (4) | 5.10% | May-22 | 122,000 | |||||||||||||||||||||||||||||||
March | Northwoods Mall (4) | 5.08% | Apr-22 | 73,000 | |||||||||||||||||||||||||||||||
-1 | Excludes any extension options. | ||||||||||||||||||||||||||||||||||
-2 | Net proceeds were used to reduce the outstanding balances on the Company's credit facilities unless otherwise noted. | ||||||||||||||||||||||||||||||||||
-3 | The consolidated joint venture, Atlanta Outlet Shoppes, LLC, closed on the non-recourse loan. Net proceeds from the non-recourse mortgage loan were used to repay a $53,080 recourse construction loan. This Property is owned in a consolidated joint venture and the Company's share of the remaining excess proceeds were used to reduce outstanding balances on the Company's credit facilities. | ||||||||||||||||||||||||||||||||||
-4 | The CMBS loan is non-recourse. | ||||||||||||||||||||||||||||||||||
-5 | Net proceeds from this CMBS loan were used to retire an existing loan with a balance of $30,763 secured by Southpark Mall and to reduce outstanding balances on the Company's credit facilities. | ||||||||||||||||||||||||||||||||||
-6 | The non-recourse loan with an insurance company was used to reduce outstanding balances on the Company's credit facilities, which had been used in April 2012 and February 2012 to retire the outstanding balances on the maturing loans on CBL Centers II and I of $9,078 and $12,818, respectively. | ||||||||||||||||||||||||||||||||||
The Company has repaid the following fixed-rate loans, secured by the related Properties, since January 1, 2012: | |||||||||||||||||||||||||||||||||||
Date | Property | Interest | Scheduled | Principal | |||||||||||||||||||||||||||||||
Rate at | Maturity Date | Balance | |||||||||||||||||||||||||||||||||
Repayment Date | Repaid (1) | ||||||||||||||||||||||||||||||||||
2013 Activity: | |||||||||||||||||||||||||||||||||||
December | Northpark Mall | 5.75% | Mar-14 | $ | 32,684 | ||||||||||||||||||||||||||||||
June | Mid Rivers Mall (2) | 5.88% | May-21 | 88,410 | |||||||||||||||||||||||||||||||
April | South County Center (3) | 4.96% | Oct-13 | 71,740 | |||||||||||||||||||||||||||||||
January | Westmoreland Mall | 5.05% | Mar-13 | 63,639 | |||||||||||||||||||||||||||||||
2012 Activity: | |||||||||||||||||||||||||||||||||||
October | Monroeville Mall | 5.73% | Jan-13 | $ | 106,895 | ||||||||||||||||||||||||||||||
May | Southpark Mall (4) | 7.00% | May-12 | 30,763 | |||||||||||||||||||||||||||||||
April | CBL Center II | 4.50% | Feb-13 | 9,078 | |||||||||||||||||||||||||||||||
March | Arbor Place, Jefferson Mall, The Landing at Arbor Place, Old Hickory Mall, WestGate Mall | 6.50%-6.51% | Jul-12 | 180,022 | |||||||||||||||||||||||||||||||
February | CBL Center I | 6.25% | Aug-12 | 12,818 | |||||||||||||||||||||||||||||||
February | The Courtyard at Hickory Hollow, Hickory Hollow Mall (5) | 6.00% | Oct-18 | 25,962 | |||||||||||||||||||||||||||||||
February | Fashion Square Mall, Northwoods Mall, Randolph Mall, Regency Mall | 6.50%-6.51% | Jul-12 | 141,235 | |||||||||||||||||||||||||||||||
January | Massard Crossing, Pemberton Plaza, Willowbrook Plaza (5) | 7.54% | Feb-12 | 34,349 | |||||||||||||||||||||||||||||||
-1 | The Company retired the loans with borrowings from its credit facilities unless otherwise noted. | ||||||||||||||||||||||||||||||||||
-2 | The Company recorded an $8,936 loss on extinguishment of debt, which consisted of a $8,708 prepayment fee and $228 of unamortized debt issuance costs. | ||||||||||||||||||||||||||||||||||
-3 | The Company recorded a loss on extinguishment of debt of $172 from the write-off of an unamortized discount. | ||||||||||||||||||||||||||||||||||
-4 | Proceeds from a new loan on Southpark Mall that closed in May 2012 were used to retire the existing loan. | ||||||||||||||||||||||||||||||||||
-5 | Hickory Hollow Mall, Massard Crossing and Willowbrook Plaza were sold and are included in discontinued operations. See Note 4 for further information. | ||||||||||||||||||||||||||||||||||
In the third quarter of 2013, the lender of the non-recourse mortgage loan secured by Citadel Mall in Charleston, SC sent a formal notice of default and initiated foreclosure proceedings. Citadel Mall generates insufficient income levels to cover the debt service on the mortgage, which had a balance of $68,169 at December 31, 2013 and a contractual maturity date of April 2017. In the second quarter of 2013, the lender on the loan began receiving the net operating cash flows of the property each month in lieu of scheduled monthly mortgage payments. A foreclosure sale occurred in January 2014. See Note 19 for additional information. | |||||||||||||||||||||||||||||||||||
During the third quarter of 2012, the Company retired a $44,480 loan, which was secured by a regional mall, with borrowings from the Company's credit facilities. The loan was scheduled to mature in 2012. The Company recorded a gain on extinguishment of debt of $178 related to the early retirement of this debt. | |||||||||||||||||||||||||||||||||||
In the first quarter of 2012, the lender of the non-recourse mortgage loan secured by Columbia Place in Columbia, SC notified the Company that the loan had been placed in default. Columbia Place generates insufficient income levels to cover the debt service on the mortgage, which had a balance of $27,265 at December 31, 2013, and a contractual maturity date of September 2013. The lender on the loan receives the net operating cash flows of the property each month in lieu of scheduled monthly mortgage payments. The Property is currently in the foreclosure process. | |||||||||||||||||||||||||||||||||||
See Note 19 for information related to an operating Property loan that was placed in default subsequent to December 31, 2013. | |||||||||||||||||||||||||||||||||||
Variable-Rate Debt | |||||||||||||||||||||||||||||||||||
Recourse term loans for the Company’s operating Properties bear interest at variable interest rates indexed to the LIBOR rate. At December 31, 2013, interest rates on such recourse loans varied from 1.87% to 3.25%. These loans mature at various dates from December 2014 to December 2016, with a weighted average maturity of 2.42 years, and several have extension options of up to two years. | |||||||||||||||||||||||||||||||||||
The following table presents the variable-rate loans that are secured by the related Properties that have been entered into since January 1, 2012: | |||||||||||||||||||||||||||||||||||
Date | Property | Stated | Maturity Date (1) | Amount Financed | |||||||||||||||||||||||||||||||
Interest | or Extended (2) | ||||||||||||||||||||||||||||||||||
Rate | |||||||||||||||||||||||||||||||||||
2013 Activity: | |||||||||||||||||||||||||||||||||||
June | Statesboro Crossing (3) | LIBOR + 1.8% | Jun-16 | $ | 11,400 | ||||||||||||||||||||||||||||||
2012 Activity: | |||||||||||||||||||||||||||||||||||
April | Statesboro Crossing (4) | LIBOR + 1.0% | Feb-13 | $ | 13,568 | ||||||||||||||||||||||||||||||
-1 | Excludes any extension options. | ||||||||||||||||||||||||||||||||||
-2 | Proceeds were used to reduce the balances on the Company's credit facilities unless otherwise noted. | ||||||||||||||||||||||||||||||||||
-3 | The non-recourse loan has two one-year extension options, which are at the Company's option, for an outside maturity date of June 2018. | ||||||||||||||||||||||||||||||||||
-4 | The recourse loan was extended and modified to reduce the capacity from $20,911 to equal the outstanding balance of $13,568 and extend the maturity date. | ||||||||||||||||||||||||||||||||||
The Company has repaid the following variable-rate loans that were secured by the related Properties, since January 1, 2012: | |||||||||||||||||||||||||||||||||||
Date | Property | Interest | Scheduled | Principal | |||||||||||||||||||||||||||||||
Rate at | Maturity Date | Balance | |||||||||||||||||||||||||||||||||
Repayment Date | Repaid (1) | ||||||||||||||||||||||||||||||||||
2013 Activity: | |||||||||||||||||||||||||||||||||||
September | The Forum at Grandview | 3.19% | Sep-13 | $ | 10,200 | ||||||||||||||||||||||||||||||
July | Alamance Crossing West | 3.20% | Dec-13 | 16,000 | |||||||||||||||||||||||||||||||
February | Statesboro Crossing | 1.21% | Feb-13 | 13,460 | |||||||||||||||||||||||||||||||
2012 Activity: | |||||||||||||||||||||||||||||||||||
September | RiverGate Mall | 3.47% | Sep-12 | $ | 77,500 | ||||||||||||||||||||||||||||||
-1 | The Company retired the loans with borrowings from its credit facilities. | ||||||||||||||||||||||||||||||||||
See Note 19 for information on an operating Property loan that was retired subsequent to December 31, 2013. | |||||||||||||||||||||||||||||||||||
Construction Loans | |||||||||||||||||||||||||||||||||||
2013 Activity | |||||||||||||||||||||||||||||||||||
In the fourth quarter of 2013, the Company retired a $53,080 variable-rate recourse construction loan, secured by The Outlet Shoppes at Atlanta, with proceeds from a $80,000 non-recourse mortgage loan. | |||||||||||||||||||||||||||||||||||
In August 2013, Louisville Outlet Shoppes, LLC obtained a construction loan for the development of The Outlet Shoppes at Louisville in Louisville, KY that allows for borrowings up to $60,200 and bears interest at LIBOR plus 200 basis points. The loan matures in August 2016 and has two one-year extension options, which are at the consolidated joint venture's election, for an outside maturity date of August 2018. The Company has guaranteed 100% of the loan. The construction loan had an outstanding balance of $2,983 at December 31, 2013. | |||||||||||||||||||||||||||||||||||
2012 Activity | |||||||||||||||||||||||||||||||||||
In the third quarter of 2012, the Company retired a $2,023 land loan, secured by The Forum at Grandview in Madison, MS, with borrowings from the Company's secured credit facilities. The loan was scheduled to mature in September 2012. | |||||||||||||||||||||||||||||||||||
In the second quarter of 2012, the Company entered into a 75%/25% joint venture, Atlanta Outlet Shoppes, LLC, with a third party to develop, own and operate The Outlet Shoppes at Atlanta, an outlet center development located in Woodstock, GA. In August 2012, the joint venture closed on a construction loan with a maximum capacity of $69,823 that bears interest at LIBOR plus a margin of 275 basis points. The loan matures in August 2015 and has two one-year extensions available, which are at the joint venture's option. The loan was retired in the fourth quarter of 2013. The Company had guaranteed 100% of this loan. | |||||||||||||||||||||||||||||||||||
Covenants and Restrictions | |||||||||||||||||||||||||||||||||||
The agreements for the unsecured lines of credit, the Notes and unsecured term loans contain, among other restrictions, certain financial covenants including the maintenance of certain financial coverage ratios, minimum net worth requirements, minimum unencumbered asset and interest ratios, maximum secured indebtedness ratios, maximum total indebtedness ratios and limitations on cash flow distributions. The Company believes that it was in compliance with all covenants and restrictions at December 31, 2013. | |||||||||||||||||||||||||||||||||||
Unsecured Lines of Credit and Unsecured Term Loans | |||||||||||||||||||||||||||||||||||
The following presents the Company's compliance with key covenant ratios, as defined, of the credit facilities and term loans as of December 31, 2013: | |||||||||||||||||||||||||||||||||||
Ratio | Required | Actual | |||||||||||||||||||||||||||||||||
Debt to total asset value | < 60% | 51.60% | |||||||||||||||||||||||||||||||||
Ratio of unencumbered asset value to unsecured indebtedness | > 1.60x | 2.51x | |||||||||||||||||||||||||||||||||
Ratio of unencumbered NOI to unsecured interest expense | > 1.75x | 6.15x | |||||||||||||||||||||||||||||||||
Ratio of EBITDA to fixed charges (debt service) | > 1.50x | 2.20x | |||||||||||||||||||||||||||||||||
The agreements for the unsecured credit facilities and unsecured term loans described above contain default provisions customary for transactions of this nature (with applicable customary grace periods). Additionally, any default in the payment of any recourse indebtedness greater than or equal to $50,000 or any non-recourse indebtedness greater than $150,000 (for the Company's ownership share) of CBL, the Operating Partnership or any Subsidiary, as defined, will constitute an event of default under the agreements for the credit facilities. The credit facilities also restrict the Company's ability to enter into any transaction that could result in certain changes in its ownership or structure as described under the heading “Change of Control/Change in Management” in the agreements for the credit facilities. Prior to the Company obtaining an investment grade rating in May 2013, the obligations of the Company under the agreements were unconditionally guaranteed, jointly and severally, by any subsidiary of the Company to the extent such subsidiary was a material subsidiary and was not otherwise an excluded subsidiary, as defined in the agreements. Once the Company obtained an investment grade rating, guarantees by material subsidiaries were no longer required by the agreements. | |||||||||||||||||||||||||||||||||||
Senior Unsecured Notes | |||||||||||||||||||||||||||||||||||
The following presents the Company's compliance with key covenant ratios, as defined, of the Notes as of December 31, 2013: | |||||||||||||||||||||||||||||||||||
Ratio | Required | Actual | |||||||||||||||||||||||||||||||||
Total debt to total assets | < 60% | 54.70% | |||||||||||||||||||||||||||||||||
Secured debt to total assets | <45% (1) | 41.30% | |||||||||||||||||||||||||||||||||
Total unencumbered assets to unsecured debt | >150% | 244.90% | |||||||||||||||||||||||||||||||||
Consolidated income available for debt service to annual debt service charge | > 1.50x | 3.20x | |||||||||||||||||||||||||||||||||
-1 | On January 1, 2020 and thereafter, secured debt to total assets must be less than 40%. | ||||||||||||||||||||||||||||||||||
The agreements for the Notes described above contain default provisions customary for transactions of this nature (with applicable customary grace periods). Additionally, any default in the payment of any recourse indebtedness greater than or equal to $50,000 of the Operating Partnership will constitute an event of default under the Notes. | |||||||||||||||||||||||||||||||||||
Other | |||||||||||||||||||||||||||||||||||
Several of the Company’s malls/open-air centers, associated centers and community centers, in addition to the corporate office building, are owned by special purpose entities that are included in the Company’s consolidated financial statements. The sole business purpose of the special purpose entities is to own and operate these Properties. The real estate and other assets owned by these special purpose entities are restricted under the loan agreements in that they are not available to settle other debts of the Company. However, so long as the loans are not under an event of default, as defined in the loan agreements, the cash flows from these Properties, after payments of debt service, operating expenses and reserves, are available for distribution to the Company. | |||||||||||||||||||||||||||||||||||
Scheduled Principal Payments | |||||||||||||||||||||||||||||||||||
As of December 31, 2013, the scheduled principal amortization and balloon payments of the Company’s consolidated debt, excluding extensions available at the Company’s option, on all mortgage and other indebtedness, including construction loans and lines of credit, are as follows: | |||||||||||||||||||||||||||||||||||
2014 | $ | 284,205 | |||||||||||||||||||||||||||||||||
2015 | 631,704 | ||||||||||||||||||||||||||||||||||
2016 | 922,095 | ||||||||||||||||||||||||||||||||||
2017 | 552,514 | ||||||||||||||||||||||||||||||||||
2018 | 671,936 | ||||||||||||||||||||||||||||||||||
Thereafter | 1,789,380 | ||||||||||||||||||||||||||||||||||
4,851,834 | |||||||||||||||||||||||||||||||||||
Net unamortized premiums | 5,689 | ||||||||||||||||||||||||||||||||||
$ | 4,857,523 | ||||||||||||||||||||||||||||||||||
Of the $284,205 of scheduled principal payments in 2014, $164,700 relates to the maturing principal balances of two operating Property loans, $17,570 relates to the financing method obligation associated with Pearland Town Center, $74,670 represents scheduled principal amortization and $27,265 relates to the principal balance of one operating Property loan secured by Columbia Place with a maturity date of September 2013. One maturing operating Property loan with a principal balance of $51,300 outstanding as of December 31, 2013 has an extension available at the Company’s option, leaving one loan maturity in 2014 of $113,400 that the Company intends to retire or refinance. The servicer for the loan secured by Columbia Place is proceeding with foreclosure which the Company anticipates will occur during the second quarter of 2014. Subsequent to December 31, 2013, the Company retired one operating Property loan secured by St. Clair Square, with a balance of $122,375 as of December 31, 2013, which was scheduled to mature in 2016. | |||||||||||||||||||||||||||||||||||
The Company has extension options available at its election, subject to continued compliance with the terms of the facilities, related to the maturities of its unsecured credit facilities. The credit facilities may be used to retire loans maturing in 2014 as well as to provide additional flexibility for liquidity purposes. | |||||||||||||||||||||||||||||||||||
Interest Rate Hedging Instruments | |||||||||||||||||||||||||||||||||||
The Company records its derivative instruments in its consolidated balance sheets at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the derivative has been designated as a hedge and, if so, whether the hedge has met the criteria necessary to apply hedge accounting. | |||||||||||||||||||||||||||||||||||
The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish these objectives, the Company primarily uses interest rate swaps and caps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges 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. Interest rate caps designated as cash flow hedges involve the receipt of variable-rate amounts from a counterparty if interest rates rise above the strike rate on the contract in exchange for an up-front premium. | |||||||||||||||||||||||||||||||||||
The effective portion of changes in the fair value of derivatives designated as, and that qualify as, cash flow hedges is recorded in AOCI/L and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. Such derivatives were used to hedge the variable cash flows associated with variable-rate debt. | |||||||||||||||||||||||||||||||||||
In the first quarter of 2012, the Company entered into a $125,000 interest rate cap agreement (amortizing to $122,375) to hedge the risk of changes in cash flows on the borrowings of one of its Properties equal to the cap notional. The interest rate cap protected the Company from increases in the hedged cash flows attributable to overall changes in 3-month LIBOR above the strike rate of the cap on the debt. The strike rate associated with the interest rate cap was 5.0%. The cap matured in January 2014. | |||||||||||||||||||||||||||||||||||
As of December 31, 2013, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk: | |||||||||||||||||||||||||||||||||||
Interest Rate | Number of | Notional | |||||||||||||||||||||||||||||||||
Derivative | Instruments | Amount | |||||||||||||||||||||||||||||||||
Interest Rate Cap | 1 | $ | 122,375 | ||||||||||||||||||||||||||||||||
Interest Rate Swaps | 4 | $ | 109,830 | ||||||||||||||||||||||||||||||||
The following tables provide further information relating to the Company’s interest rate derivatives that were designated as cash flow hedges of interest rate risk as of December 31, 2013 and 2012: | |||||||||||||||||||||||||||||||||||
Instrument Type | Location in | Notional | Designated | Strike | Fair Value at 12/31/13 | Fair Value at 12/31/12 | Maturity | ||||||||||||||||||||||||||||
Consolidated | Amount | Benchmark | Rate | Date | |||||||||||||||||||||||||||||||
Balance Sheet | Interest | ||||||||||||||||||||||||||||||||||
Rate | |||||||||||||||||||||||||||||||||||
Cap | Intangible lease assets | $ 122,375 | 3-month | 5 | % | $ | — | $ | — | Jan-14 | |||||||||||||||||||||||||
and other assets | (amortizing | LIBOR | |||||||||||||||||||||||||||||||||
to $122,375) | |||||||||||||||||||||||||||||||||||
Pay fixed/ Receive | Accounts payable and | $ 53,093 | 1-month | 2.149 | % | $ | (1,915 | ) | $ | (2,775 | ) | Apr-16 | |||||||||||||||||||||||
variable Swap | accrued liabilities | (amortizing | LIBOR | ||||||||||||||||||||||||||||||||
to $48,337) | |||||||||||||||||||||||||||||||||||
Pay fixed/ Receive | Accounts payable and | $ 33,243 | 1-month | 2.187 | % | (1,226 | ) | (1,776 | ) | Apr-16 | |||||||||||||||||||||||||
variable Swap | accrued liabilities | (amortizing | LIBOR | ||||||||||||||||||||||||||||||||
to $30,276) | |||||||||||||||||||||||||||||||||||
Pay fixed/ Receive | Accounts payable and | $ 12,427 | 1-month | 2.142 | % | (446 | ) | (647 | ) | Apr-16 | |||||||||||||||||||||||||
variable Swap | accrued liabilities | (amortizing | LIBOR | ||||||||||||||||||||||||||||||||
to $11,313) | |||||||||||||||||||||||||||||||||||
Pay fixed/ Receive | Accounts payable and | $ 11,067 | 1-month | 2.236 | % | (420 | ) | (607 | ) | Apr-16 | |||||||||||||||||||||||||
variable Swap | accrued liabilities | (amortizing | LIBOR | ||||||||||||||||||||||||||||||||
to $10,083) | |||||||||||||||||||||||||||||||||||
$ | (4,007 | ) | $ | (5,805 | ) | ||||||||||||||||||||||||||||||
Hedging Instrument | Gain (Loss) Recognized in OCI/L | Location of Losses Reclassified from AOCI/L into Earnings (Effective Portion) | Loss Recognized in Earnings | Location of Gain (Loss) Recognized in Earnings (Ineffective Portion) | Gain | ||||||||||||||||||||||||||||||
(Effective Portion) | (Effective Portion) | Recognized in | |||||||||||||||||||||||||||||||||
Earnings | |||||||||||||||||||||||||||||||||||
(Ineffective Portion) | |||||||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | 2013 | 2012 | 2011 | 2013 | 2012 | 2011 | |||||||||||||||||||||||||||
Interest rate contracts | $ | 1,815 | $ | (207 | ) | $ | (5,521 | ) | Interest Expense | $ | (2,297 | ) | $ | (2,267 | ) | $ | (1,904 | ) | Interest Expense | $ | — | $ | — | $ | — | ||||||||||
As of December 31, 2013, the Company expects to reclassify approximately $2,118 of losses currently reported in AOCI to interest expense within the next twelve months due to the amortization of its outstanding interest rate contracts. Fluctuations in fair values of these derivatives between December 31, 2013 and the respective dates of termination will vary the projected reclassification amount. | |||||||||||||||||||||||||||||||||||
See Notes 2 and 15 for additional information regarding the Company’s interest rate hedging instruments. |
Shareholders_Equity_and_Partne
Shareholders' Equity and Partners' Capital | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | ||||||||||||||||
Equity [Abstract] | ' | |||||||||||||||
Stockholders' Equity and Partners' Capital | ' | |||||||||||||||
SHAREHOLDERS’ EQUITY AND PARTNERS' CAPITAL | ||||||||||||||||
Common Stock and Common Units | ||||||||||||||||
The Company's authorized common stock consists of 350,000,000 shares at $0.01 par value per share. The Company had 170,048,144 and 161,309,652 shares of common stock issued and outstanding as of December 31, 2013 and 2012, respectively. | ||||||||||||||||
Partners in the Operating Partnership hold their ownership through common and special common units of limited partnership interest, hereinafter referred to as "common units." A common unit and a share of CBL's common stock have essentially the same economic characteristics, as they effectively participate equally in the net income and distributions of the Operating Partnership. For each share of common stock issued by CBL, the Operating Partnership has issued a corresponding number of common units to CBL in exchange for the proceeds from the stock issuance. The Operating Partnership had 199,593,731 and 190,855,239 common units outstanding as of December 31, 2013 and 2012, respectively. | ||||||||||||||||
Each limited partner in the Operating Partnership has the right to exchange all or a portion of its common units for shares of CBL's common stock, or at CBL's election, their cash equivalent. When an exchange for common stock occurs, CBL assumes the limited partner's common units in the Operating Partnership. The number of shares of common stock received by a limited partner of the Operating Partnership upon exercise of its exchange rights will be equal, on a one-for-one basis, to the number of common units exchanged by the limited partner. If CBL elects to pay cash, the amount of cash paid by the Operating Partnership to redeem the limited partner's common units will be based on the five-day trailing average of the trading price at the time of exercise of the shares of common stock that would otherwise have been received by the limited partner in the exchange. Neither the common units nor the shares of common stock of CBL are subject to any right of mandatory redemption. | ||||||||||||||||
At-The-Market Equity Program | ||||||||||||||||
On March 1, 2013, the Company entered into separate controlled equity offering sales agreements (collectively, the "Sales Agreements") with a number of sales agents to sell shares of the Company's common stock, having an aggregate offering price of up to $300,000, from time to time in ATM equity offerings (as defined in Rule 415 of the Securities Act of 1933, as amended) or in negotiated transactions (the "ATM program"). In accordance with the Sales Agreements, the Company will set the parameters for the sales of shares, including the number of shares to be issued, the time period during which sales are to be made and any minimum price below which sales may not be made. The Sales Agreements provide that the sales agents will be entitled to compensation for their services at a mutually agreed commission rate not to exceed 2.0% of the gross proceeds from the sales of shares sold through the ATM program. For each share of common stock issued by the Company, the Operating Partnership issues a corresponding number of common units of limited partnership interest to the Company in exchange for the contribution of the proceeds from the stock issuance. The Company includes only share issuances that have settled in the calculation of shares outstanding at the end of each period. | ||||||||||||||||
The following table summarizes issuances of common stock sold through the ATM program since inception through December 31, 2013: | ||||||||||||||||
Number of Shares | Gross | Net | Weighted-average | |||||||||||||
Settled | Proceeds | Proceeds | Sales Price | |||||||||||||
2013:00:00 | ||||||||||||||||
First quarter | 1,889,105 | $ | 44,459 | $ | 43,904 | $ | 23.53 | |||||||||
Second quarter | 6,530,193 | 167,034 | 165,692 | 25.58 | ||||||||||||
Total | 8,419,298 | $ | 211,493 | $ | 209,596 | $ | 25.12 | |||||||||
The proceeds from these sales were used to reduce the balances on the Company's credit facilities. Since the commencement of the ATM program, the Company has issued 8,419,298 shares of common stock and approximately $88,507 remains available that may be sold under this program. Actual future sales will depend on a variety of factors including but not limited to market conditions, the trading price of the Company's common stock and the Company's capital needs. The Company has no obligation to sell the remaining shares available under the ATM program. | ||||||||||||||||
Common Unit Activity | ||||||||||||||||
During 2013, no holders of common units exercised their conversion rights. | ||||||||||||||||
During 2012, holders of 12,690,628 common units of limited partnership interest in the Operating Partnership exercised their conversion rights. CBL elected to pay cash of $3,965 for 224,628 common units and to issue 12,466,000 shares of common stock in exchange for the remaining common units. | ||||||||||||||||
During the 2011, holders of 401,324 common units exercised their conversion rights. CBL elected to pay cash of $5,869 for these units in the first quarter of 2012. | ||||||||||||||||
Preferred Stock and Preferred Units | ||||||||||||||||
The Company's authorized preferred stock consists of 15,000,000 shares at $0.01 par value per share. A description of the Company's cumulative redeemable preferred stock is listed below. The Operating Partnership issues an equivalent number of preferred units to CBL in exchange for the contribution of the proceeds from CBL to the Operating Partnership when CBL issues preferred stock. The preferred units generally have the same terms and economic characteristics as the corresponding series of preferred stock. | ||||||||||||||||
In October 2012, CBL completed an underwritten public offering of 6,900,000 depositary shares, each representing 1/10th of a share of its newly designated 6.625% Series E Preferred Stock at $25.00 per depositary share. CBL contributed net proceeds from the offering of $166,636, after deducting the underwriting discount and offering expenses to the Operating Partnership in exchange for 690,000 Series E Preferred Units of the Operating Partnership. A portion of the net proceeds from this offering were used to redeem all CBL's Series C Preferred Stock with an aggregate liquidation preference of $115,000 and $891 related to accrued and unpaid dividends for an aggregate redemption amount of $115,891. The remaining net proceeds of $50,745 were used to reduce outstanding balances on the Operating Partnership's credit facilities. The Series E Preferred Stock has a liquidation preference of $250.00 per share ($25.00 per depositary share). The dividends on the Series E Preferred Stock are cumulative, accrue from the date of issuance and are payable quarterly in arrears at a rate of $16.5625 per share ($1.65625 per depositary share) per annum. The Company may not redeem the Series E Preferred Stock before October 12, 2017, except in limited circumstances to preserve CBL's REIT status or in connection with a change of control. On or after October 12, 2017, the Company may, at its option, redeem the Series E Preferred Stock in whole at any time or in part from time to time by paying $25.00 per depositary share, plus any accrued and unpaid dividends up to, but not including, the date of redemption. The Series E Preferred Stock generally has no stated maturity and will not be subject to any sinking fund or mandatory redemption. The Series E Preferred Stock is not convertible into any of the Company's securities, except under certain circumstances in connection with a change of control. Owners of the depositary shares representing Series E Preferred Stock generally have no voting rights except under dividend default. | ||||||||||||||||
The Company had 18,150,000 depositary shares, each representing 1/10th of a share of the Company's 7.375% Series D Preferred Stock with a par value of $0.01 per share, outstanding as of December 31, 2013 and 2012. The Series D Preferred Stock has a liquidation preference of $250.00 per share ($25.00 per depositary share). The dividends on the Series D Preferred Stock are cumulative, accrue from the date of issuance and are payable quarterly in arrears at a rate of $18.4375 per share ($1.84375 per depositary share) per annum. The Series D Preferred Stock has no stated maturity, is not subject to any sinking fund or mandatory redemption, and is not convertible into any other securities of the Company. The Company may redeem shares, in whole or in part, at any time for a cash redemption price of $250.00 per share ($25.00 per depositary share) plus accrued and unpaid dividends. | ||||||||||||||||
On November 5, 2012, the Company redeemed all 460,000 Series C Shares and all outstanding depositary shares, each representing 1/10th of a Series C Share for $115,891. The Company recorded a charge to preferred dividends of $3,773 upon redemption to write off direct issuance costs related to the Series C Shares and underlying depositary shares. | ||||||||||||||||
Dividends - CBL | ||||||||||||||||
CBL paid first, second and third quarter 2013 cash dividends on its common stock of $0.23 per share on April 16th, July 16th and October 16th 2013, respectively. On November 25, 2013, CBL's Board of Directors declared a fourth quarter cash dividend of $0.245 per share that was paid on January 15, 2014, to shareholders of record as of December 30, 2013. The dividend declared in the fourth quarter of 2013, totaling $41,662, is included in accounts payable and accrued liabilities at December 31, 2013. The total dividend included in accounts payable and accrued liabilities at December 31, 2012 was $35,485. | ||||||||||||||||
The allocations of dividends declared and paid for income tax purposes are as follows: | ||||||||||||||||
Year Ended December 31, | ||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||
Dividends declared: | ||||||||||||||||
Common stock | $ | 0.98 | $ | 0.83 | $ | 0.84 | ||||||||||
Series C preferred stock | $ | — | $ | 14.53 | (1) | $ | 19.38 | |||||||||
Series D preferred stock | $ | 18.44 | $ | 18.44 | $ | 18.44 | ||||||||||
Series E preferred stock | $ | 16.56 | $ | 3.91 | (2) | $ | — | |||||||||
Allocations: | ||||||||||||||||
Common stock | ||||||||||||||||
Ordinary income | 100 | % | 100 | % | 100 | % | ||||||||||
Capital gains 25% rate | — | % | — | % | — | % | ||||||||||
Return of capital | — | % | — | % | — | % | ||||||||||
Total | 100 | % | 100 | % | 100 | % | ||||||||||
Preferred stock (3) | ||||||||||||||||
Ordinary income | 100 | % | 100 | % | 100 | % | ||||||||||
Capital gains 25% rate | — | % | — | % | — | % | ||||||||||
Total | 100 | % | 100 | % | 100 | % | ||||||||||
-1 | Represents the three regular quarterly dividends paid in 2012, prior to the redemption on November 5, 2012. | |||||||||||||||
-2 | Represents dividends for the partial quarter covering October 5, 2012 through December 31, 2012. | |||||||||||||||
-3 | The allocations for income tax purposes are the same for each series of preferred stock for each period presented. | |||||||||||||||
Distributions - The Operating Partnership | ||||||||||||||||
The Operating Partnership paid first, second and third quarter 2013 cash distributions on its redeemable common units and common units of $0.7322 and $0.2374 per share, respectively, on April 16th, July 16th and October 16th 2013, respectively. On November 25, 2013, the Operating Partnership declared a fourth quarter cash distribution on its redeemable common units and common units of $0.7322 of $0.2552 per share, respectively, that was paid on January 15, 2014. The distribution declared in the fourth quarter of 2013, totaling $8,861, is included in accounts payable and accrued liabilities at December 31, 2013. The total dividend included in accounts payable and accrued liabilities at December 31, 2012 was $8,205. |
Redeemable_Interests_and_Nonco
Redeemable Interests and Noncontrolling Interests | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Redeemable Noncontrolling Interests and Noncontrolling Interests [Abstract] | ' | |||||||
Redeemable Interests and Noncontrolling Interests | ' | |||||||
REDEEMABLE INTERESTS AND NONCONTROLLING INTERESTS | ||||||||
Redeemable Noncontrolling Interests and Noncontrolling Interests of the Company | ||||||||
Partnership Interests in the Operating Partnership that Are Not Owned by the Company | ||||||||
The common units that the Company does not own are reflected in the Company's consolidated balance sheets as redeemable noncontrolling interest and noncontrolling interests in the Operating Partnership. | ||||||||
Series S Special Common Units | ||||||||
Redeemable noncontrolling interest includes a noncontrolling partnership interest in the Operating Partnership for which the partnership agreement includes redemption provisions that may require the Operating Partnership to redeem the partnership interest for real property. In July 2004, the Operating Partnership issued 1,560,940 Series S special common units (“S-SCUs”), all of which are outstanding as of December 31, 2013, in connection with the acquisition of Monroeville Mall. Under the terms of the Operating Partnership’s limited partnership agreement, the holder of the S-SCUs has the right to exchange all or a portion of its partnership interest for shares of the Company’s common stock or, at the Company’s election, their cash equivalent. The holder has the additional right to, at any time after the seventh anniversary of the issuance of the S-SCUs, require the Operating Partnership to acquire a qualifying property and distribute it to the holder in exchange for the S-SCUs. Generally, the acquisition price of the qualifying property cannot be more than the lesser of the consideration that would be received in a normal exchange, as discussed above, or $20,000, subject to certain limited exceptions. Should the consideration that would be received in a normal exchange exceed the maximum property acquisition price as described in the preceding sentence, the excess portion of its partnership interest could be exchanged for shares of the Company’s stock or, at the Company’s election, their cash equivalent. The S-SCUs received a minimum distribution of $2.53825 per unit per year for the first five years, and receive a minimum distribution of $2.92875 per unit per year thereafter. | ||||||||
Series L Special Common Units | ||||||||
In June 2005, the Operating Partnership issued 571,700 L-SCUs, all of which are outstanding as of December 31, 2013, in connection with the acquisition of Laurel Park Place. The L-SCUs receive a minimum distribution of $0.7572 per unit per quarter ($3.0288 per unit per year). Upon the earlier to occur of June 1, 2020, or when the distribution on the common units exceeds $0.7572 per unit for four consecutive calendar quarters, the L-SCUs will thereafter receive a distribution equal to the amount paid on the common units. In December 2012, the Operating Partnership issued 622,278 common units valued at $14,000 to acquire the remaining 30% noncontrolling interest in Laurel Park Place. The $14,000 value of the noncontrolling interest was recorded as a deferred purchase liability in Accounts Payable and Accrued Liabilities on the Company's consolidated balance sheet upon the original acquisition of Laurel Park Place in 2005. | ||||||||
Series K Special Common Units | ||||||||
In November 2005, the Operating Partnership issued 1,144,924 K-SCUs, all of which are outstanding as of December 31, 2013, in connection with the acquisition of Oak Park Mall, Eastland Mall and Hickory Point Mall. The K-SCUs received a dividend at a rate of 6.0%, or $2.85 per K-SCU, for the first year following the close of the transaction and receive a dividend at a rate of 6.25%, or $2.96875 per K-SCU, thereafter. When the quarterly distribution on the Operating Partnership’s common units exceeds the quarterly K-SCU distribution for four consecutive quarters, the K-SCUs will receive distributions at the rate equal to that paid on the Operating Partnership’s common units. At any time following the first anniversary of the closing date, the holders of the K-SCUs may exchange them, on a one-for-one basis, for shares of the Company’s common stock or, at the Company’s election, their cash equivalent. | ||||||||
Series J Special Common Units | ||||||||
During 2011, a holder of 125,100 J-SCU's exercised its conversion rights. The Company was requested to exchange common stock for these units, and elected to do so. Additionally during 2011, the Operating Partnership converted 15,435,754 J-SCUs, which represented all of the outstanding J-SCUs, to common units pursuant to its rights to do so. Prior to the conversion the J-SCUs received a minimum distribution equal to $0.3628125 per unit per quarter ($1.45125 per unit per year), subject to certain adjustments if the distribution on the common units was equal to or less than $0.21875 for four consecutive quarters. After March 31, 2011, the common units issued in the conversion receive a distribution equal to that paid on all other common units. | ||||||||
Outstanding rights to convert redeemable noncontrolling interests and noncontrolling interests in the Operating Partnership to common stock were held by the following parties at December 31, 2013 and 2012: | ||||||||
December 31, | ||||||||
2013 | 2012 | |||||||
CBL’s Predecessor | 18,172,690 | 18,172,690 | ||||||
Third parties | 11,372,897 | 11,372,897 | ||||||
29,545,587 | 29,545,587 | |||||||
The assets and liabilities allocated to the Operating Partnership’s redeemable noncontrolling interest and noncontrolling interests are based on their ownership percentages of the Operating Partnership at December 31, 2013 and 2012. The ownership percentages are determined by dividing the number of common units held by each of the redeemable noncontrolling interest and the noncontrolling interests at December 31, 2013 and 2012 by the total common units outstanding at December 31, 2013 and 2012, respectively. The redeemable noncontrolling interest ownership percentage in assets and liabilities of the Operating Partnership was 0.8% at December 31, 2013 and 2012. The noncontrolling interest ownership percentage in assets and liabilities of the Operating Partnership was 14.7% at December 31, 2013 and 2012. | ||||||||
Income is allocated to the Operating Partnership’s redeemable noncontrolling interest and noncontrolling interests based on their weighted average ownership during the year. The ownership percentages are determined by dividing the weighted average number of common units held by each of the redeemable noncontrolling interest and noncontrolling interests by the total weighted average number of common units outstanding during the year. | ||||||||
A change in the number of shares of common stock or common units changes the percentage ownership of all partners of the Operating Partnership. A common unit is considered to be equivalent to a share of common stock since it generally is exchangeable for shares of the Company’s common stock or, at the Company’s election, their cash equivalent. As a result, an allocation is made between redeemable noncontrolling interest, shareholders’ equity and noncontrolling interests in the Operating Partnership in the Company's accompanying balance sheets to reflect the change in ownership of the Operating Partnership’s underlying equity when there is a change in the number of shares and/or common units outstanding. During 2013, 2012 and 2011, the Company allocated $4,589, $3,197 and $3,005, respectively, from shareholders’ equity to redeemable noncontrolling interest. During 2013, 2012 and 2011, the Company allocated $29,212, $163 and $2,200, respectively, from shareholders' equity to noncontrolling interest. | ||||||||
The total redeemable noncontrolling interest in the Operating Partnership was $28,756 and $33,835 at December 31, 2013 and 2012, respectively. The total noncontrolling interest in the Operating Partnership was $135,843 and $128,907 at December 31, 2013 and 2012, respectively. | ||||||||
Redeemable Noncontrolling Interests and Noncontrolling Interests in Other Consolidated Subsidiaries | ||||||||
Redeemable noncontrolling interests includes the aggregate noncontrolling ownership interest in five of the Company’s other consolidated subsidiaries that is held by third parties and for which the related partnership agreements contain redemption provisions at the holder’s election that allow for redemption through cash and/or properties. The total redeemable noncontrolling interests in other consolidated subsidiaries was $5,883 and $430,247 at December 31, 2013 and 2012, respectively. | ||||||||
The redeemable noncontrolling interests in other consolidated subsidiaries includes the third party interest in the Company’s subsidiary that provides security and maintenance services and also included, prior to their redemption by us in September 2013, the perpetual PJV units issued to Westfield for its preferred interest in CWJV, a Company-controlled entity, consisting of four of the Company’s other consolidated subsidiaries. Activity related to the redeemable noncontrolling preferred joint venture interest represented by the PJV units is as follows: | ||||||||
Year Ended December 31, | ||||||||
2013 | 2012 | |||||||
Beginning Balance | $ | 423,834 | $ | 423,834 | ||||
Net income attributable to redeemable noncontrolling preferred joint venture interest | 14,637 | 20,686 | ||||||
Distributions to redeemable noncontrolling preferred joint venture interest | (19,894 | ) | (20,686 | ) | ||||
Reduction to preferred liquidation value of PJV units | (10,000 | ) | — | |||||
Redemption of noncontrolling preferred joint venture interest | (408,577 | ) | — | |||||
Ending Balance | $ | — | $ | 423,834 | ||||
See Note 14 for additional information regarding the PJV units. | ||||||||
The Company had 24 and 26 other consolidated subsidiaries at December 31, 2013 and 2012, respectively, that had noncontrolling interests held by third parties and for which the related partnership agreements either do not include redemption provisions or are subject to redemption provisions that do not require classification outside of permanent equity. The total noncontrolling interests in other consolidated subsidiaries was $19,179 and $63,497 at December 31, 2013 and 2012, respectively. | ||||||||
The assets and liabilities allocated to the redeemable noncontrolling interests and noncontrolling interests in other consolidated subsidiaries are based on the third parties’ ownership percentages in each subsidiary at December 31, 2013 and 2012. Income is allocated to the redeemable noncontrolling interests and noncontrolling interests in other consolidated subsidiaries based on the third parties’ weighted average ownership in each subsidiary during the year. | ||||||||
Redeemable Interests and Noncontrolling Interests of the Operating Partnership | ||||||||
The aggregate noncontrolling ownership interest in five of the Company’s other consolidated subsidiaries described above that are reflected as redeemable noncontrolling interest in the Company's consolidated balance sheets is also reflected as redeemable noncontrolling interest in the Operating Partnership's consolidated balance sheets. | ||||||||
The S-SCUs described above that are reflected as redeemable noncontrolling interests in the Company's consolidated balance sheets are reflected as redeemable common units in the Operating Partnership's consolidated balance sheets. | ||||||||
The redeemable noncontrolling preferred joint venture interest represented by the PJV units as described above that is reflected as noncontrolling preferred joint venture interest in the Company's consolidated balance sheets is also reflected as redeemable noncontrolling preferred joint venture interest in the Operating Partnership's consolidated balance sheets. | ||||||||
The noncontrolling interests in other consolidated subsidiaries that are held by third parties that are reflected as a component of noncontrolling interests in the Company's consolidated balance sheets comprise the entire amount that is reflected as noncontrolling interests in the Operating Partnership's consolidated balance sheets. | ||||||||
Variable Interest Entities | ||||||||
Triangle Town Member LLC | ||||||||
The Company holds a 50% ownership interest in this joint venture. In 2013, the Company reconsidered the entity’s status, and has determined that its investment in this joint venture represents an interest in a VIE. The entity is under joint control, and therefore the Company continues to account for it as an unconsolidated affiliate using the equity method of accounting. At December 31, 2013 and 2012, this joint venture had total assets of $111,865 and $117,388, respectively, and a mortgage note payable of $179,336 and $183,291, respectively. | ||||||||
JG Gulf Coast Town Center LLC | ||||||||
The Company holds a 50% ownership interest in this joint venture. In 2013, the Company reconsidered the entity’s status, and has determined that its investment in this joint venture represents an interest in a VIE. The entity is under joint control, and therefore the Company continues to account for it as an unconsolidated affiliate using the equity method of accounting. At December 31, 2013 and 2012, this joint venture had total assets of $156,591 and $165,050, respectively, and total notes payable of $197,058 and $197,586, respectively. | ||||||||
West Melbourne I, LLC | ||||||||
The Company holds a 50% ownership interest in this joint venture. In 2013, the Company reconsidered the entity’s status, and has determined that its investment in this joint venture represents an interest in a VIE. The entity is under joint control, and therefore the Company continues to account for it as an unconsolidated affiliate using the equity method of accounting. At December 31, 2013 and 2012, this joint venture had total assets of $84,423 and $84,047, respectively, and total notes payable of $45,541 and $45,352, respectively. | ||||||||
The Promenade D’Iberville, LLC | ||||||||
The Company holds an 85% ownership interest in this joint venture. In 2013, the Company reconsidered the entity’s status, and has determined that its investment in this joint venture represents an interest in a VIE. The Company is the primary beneficiary because of its power to direct the activities of the joint venture that most significantly impact the joint venture’s economic performance as well as the obligation to absorb losses or right to receive benefits from the VIE that could be significant. Therefore, the Company continues to account for the entity on a consolidated basis in the accompanying consolidated financial statements with the interests of the third party reflected as a noncontrolling interest. At December 31, 2013 and 2012, this joint venture had total assets of $93,415 and $103,407, respectively, and a mortgage note payable of $51,300 and$58,000, respectively. | ||||||||
Louisville Outlet Shoppes, LLC | ||||||||
In the second quarter of 2013, the Company entered into a joint venture, Louisville Outlet Shoppes, LLC, with a third party to develop, own and operate The Outlet Shoppes at Louisville located in Simpsonville, KY. Construction began in June | ||||||||
2013 with completion expected in summer 2014. The Company holds a 65% ownership interest in the joint venture. The Company determined that its investment in this joint venture represents an interest in a VIE and that the Company is the primary beneficiary because of its power to direct activities of the joint venture that most significantly impact the joint venture's economic performance as well as the obligation to absorb losses or right to receive benefits from the VIE that could be significant. As a result, the joint venture is presented in the accompanying consolidated financial statements as of December 31, 2013 on a consolidated basis, with the interests of the third party reflected as a noncontrolling interest. At December 31, 2013, this joint venture had total assets of $28,112 and a construction loan with an outstanding balance of $2,983. | ||||||||
Kirkwood Mall Mezz, LLC | ||||||||
In the fourth quarter of 2012, the Company acquired a 49% ownership interest in Kirkwood Mall Mezz, LLC, which owned Kirkwood Mall located in Bismarck, ND. The Company determined that its investment in this joint venture represented an interest in a VIE and that the Company was the primary beneficiary since under the terms of the agreement the Company's equity investment was at risk while the third party had a fixed price for which it would sell its remaining 51% equity interest to the Company. As a result, the joint venture was presented in the accompanying consolidated financial statements as of December 31, 2012 on a consolidated basis, with the interests of the third party reflected as a noncontrolling interest. In accordance with its executed agreement, the Company acquired the remaining 51% interest in April 2013 and assumed $40,368 of non-recourse debt. Following the Company's acquisition of the noncontrolling interest in April 2013, this joint venture is now wholly-owned, and is no longer a VIE. | ||||||||
Gettysburg Outlet Holding, LLC | ||||||||
In the second quarter of 2012, the Company entered into a joint venture, Gettysburg Outlet Center Holding LLC, with a third party to develop, own, and operate The Outlet Shoppes at Gettysburg. The Company holds a 50% ownership interest in this joint venture. The Company determined that its investment in this joint venture represents an interest in a VIE and that the Company is the primary beneficiary since it has the power to direct activities of the joint venture that most significantly impact the joint venture's economic performance as well as the obligation to absorb losses or right to receive benefits from the VIE that could be significant. As a result, the joint venture is presented in the accompanying consolidated financial statements as of December 31, 2013 and 2012 on a consolidated basis, with the interests of the third party reflected as a noncontrolling interest. At December 31, 2013 and 2012, this joint venture had total assets of $41,582 and $45,047, respectively, and a mortgage note payable of $39,437 and $40,170, respectively. | ||||||||
El Paso Outlet Center Holding, LLC | ||||||||
In the second quarter of 2012, the Company entered into a joint venture, El Paso Outlet Center Holding, LLC, with a third party to develop, own, and operate The Outlet Shoppes at El Paso. The Company holds a 75% ownership interest in the joint venture. The Company determined that its investment in this joint venture represents an interest in a VIE and that the Company is the primary beneficiary since it has the power to direct activities of the joint venture that most significantly impact the joint venture's economic performance as well as the obligation to absorb losses or the right to receive benefits from the VIE that could be significant. As a result, the joint venture is presented in the accompanying consolidated financial statements as of December 31, 2013 and 2012 on a consolidated basis, with the interests of the third party reflected as a noncontrolling interest. At December 31, 2013 and 2012, this joint venture had total assets of $114,579 and $121,499, respectively, and a mortgage note payable of $65,465 and $66,367, respectively. | ||||||||
Imperial Valley Commons, L.P. | ||||||||
In the fourth quarter of 2012, the Company completed its acquisition of the 40% noncontrolling interest in Imperial Valley Commons, L.P. The Company previously had a 60% ownership interest in the joint venture with a third party for the potential development of Imperial Valley Commons, a community retail shopping center in El Centro, CA. The Company determined that its investment represented an interest in a VIE and that the Company was the primary beneficiary since it had the ability to direct the activities of the joint venture that most significantly impacted the joint venture’s economic performance as well as the obligation to absorb losses or right to receive benefits from the VIE that could be significant. As a result, the joint venture was presented in the accompanying consolidated financial statements as of December 31, 2011 on a consolidated basis, with any interests of the third party reflected as noncontrolling interest. At December 31, 2011, this joint venture had total assets of $26,680 and was not encumbered. Following the Company's acquisition of the noncontrolling interest in December 2012, this subsidiary is now wholly-owned, and is no longer a VIE. |
Minimum_Rents
Minimum Rents | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Operating Leases, Future Minimum Payments Receivable [Abstract] | ' | |||
Minimum Rents | ' | |||
MINIMUM RENTS | ||||
The Company receives rental income by leasing retail shopping center space under operating leases. Future minimum rents are scheduled to be received under non-cancellable tenant leases at December 31, 2013, as follows: | ||||
2014 | $ | 605,325 | ||
2015 | 538,039 | |||
2016 | 466,957 | |||
2017 | 395,155 | |||
2018 | 315,861 | |||
Thereafter | 1,085,988 | |||
$ | 3,407,325 | |||
Future minimum rents do not include percentage rents or tenant reimbursements that may become due. |
Mortgage_and_Other_Notes_Recei
Mortgage and Other Notes Receivable | 12 Months Ended |
Dec. 31, 2013 | |
Mortgage and Other Notes Receivable [Abstract] | ' |
Mortgage and Other Notes Receivable | ' |
MORTGAGE AND OTHER NOTES RECEIVABLE | |
Each of the Company's mortgage notes receivable is collateralized by either a first mortgage, a second mortgage or by an assignment of 100% of the partnership interests that own the real estate assets. Other notes receivable include amounts due from tenants or government sponsored districts and unsecured notes received from third parties as whole or partial consideration for property or investments. Interest rates on mortgage and other notes receivable range from 2.7% to 10.0%, with a weighted average interest rate of 6.47% and 7.33% at December 31, 2013 and 2012, respectively. Maturities of these notes receivable range from May 2014 to January 2047. | |
In the fourth quarter of 2013, the Company received a $7,430 promissory note in conjunction with the sale of a land parcel. The note receivable bears interest of 5.0% and fully amortizes through its maturity date in November 2023. See Note 14 for additional information. | |
In the second quarter of 2013, Mortgage Holdings, LLC, a subsidiary of the Company, entered into a $2,700 loan agreement with an affiliate of Horizon Group Properties, Inc. ("Horizon"), the Company's noncontrolling interest partner in The Outlet Shoppes at Atlanta. The note receivable bears interest of 7.0% through its maturity date in May 2015 and is secured by Horizon's interest in The Outlet Shoppes at Atlanta. | |
In the first quarter of 2013, Woodstock GA Investments, LLC, a joint venture in which the Company owns a 75.0% interest, received $3,525 of the balance on its $6,581 note receivable with an entity that owns an interest in land in Woodstock, GA, adjacent to the site of The Outlet Shoppes at Atlanta. The loan was made in the second quarter of 2012 and bears interest of 10.0% through its maturity date in May 2014. The loan is secured by the entity's interest in the adjacent land. | |
In the third quarter of 2011, the Company and a noncontrolling interest investor purchased a mezzanine loan with a face amount of $5,879 for $5,300, which represented a discount of $579. The borrower under the mezzanine loan was an entity that owned The Outlet Shoppes at Gettysburg, an outlet shopping center located in Gettysburg, PA. The loan bore interest at the greater of LIBOR plus 900 basis points or 10% and matured on February 2016. The terms of the mezzanine loan agreement provided that the Company and its noncontrolling interest investor could, subject to approval of the senior lender, convert the mezzanine loan into equity of the borrower. Upon conversion, the Company and noncontrolling investor would own 50.0% and 12.6%, respectively, of the borrower. The terms also provided that the Company could elect to acquire an additional 10% interest in the borrower for a total interest of 60%. In the second quarter of 2012, the Company and its noncontrolling interest partner exercised their rights under the terms of the agreement with the borrower and converted the mezzanine loan into a member interest in the outlet shopping center. See Note 3 for additional information. | |
In the fourth quarter of 2011, the Company entered into a loan agreement pursuant to which the Company loaned $9,150 to an entity that owned The Outlet Shoppes at El Paso, an outlet shopping center located in El Paso, TX. The note receivable bore interest of 13.0% through June 2013, and thereafter, at the greater of 13.0% or LIBOR plus 900 basis points. The loan matured upon the earlier of (i) 60 days prior to the maturity date of the senior loan on the outlet shopping center or (ii) the date on which the senior loan was fully repaid. The terms of the loan agreement provided that if the Company did not elect to acquire a 75% interest in the borrower, the Company could convert the loan into a non-voting common interest in the borrower, subject to the approval of the senior lender. In the second quarter of 2012, the Company acquired a 75.0% interest in the outlet shopping center and the borrower used a portion of the proceeds to repay the $9,150 mezzanine loan to the Company. See Note 3 for additional information. | |
The Company reviews its mortgage and other notes receivable to determine if the balances are realizable based on factors affecting the collectability of those balances. Factors may include credit quality, timeliness of required periodic payments, past due status and management discussions with obligors. As of December 31, 2013, the Company believes that its mortgage and other notes receivable balance of $30,424 is fully collectable. |
Segment_Information
Segment Information | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||||||
Segment Information | ' | ||||||||||||||||||||
SEGMENT INFORMATION | |||||||||||||||||||||
The Company measures performance and allocates resources according to property type, which is determined based on certain criteria such as type of tenants, capital requirements, economic risks, leasing terms, and short- and long-term returns on capital. Rental income and tenant reimbursements from tenant leases provide the majority of revenues from all segments. The accounting policies of the reportable segments are the same as those described in Note 2. Information on the Company’s reportable segments is presented as follows, restated for discontinued operations in all periods presented: | |||||||||||||||||||||
Year Ended December 31, 2013 | Malls | Associated | Community | All | Total | ||||||||||||||||
Centers | Centers | Other (1) | |||||||||||||||||||
Revenues | $ | 930,081 | $ | 41,726 | $ | 17,937 | $ | 63,881 | $ | 1,053,625 | |||||||||||
Property operating expenses (2) | (300,172 | ) | (10,298 | ) | (3,568 | ) | 17,831 | (296,207 | ) | ||||||||||||
Interest expense | (206,779 | ) | (8,148 | ) | (2,397 | ) | (14,532 | ) | (231,856 | ) | |||||||||||
Other expense | — | — | — | (28,826 | ) | (28,826 | ) | ||||||||||||||
Gain on sales of real estate assets | 295 | — | 452 | 1,233 | 1,980 | ||||||||||||||||
Segment profit | $ | 423,425 | $ | 23,280 | $ | 12,424 | $ | 39,587 | $ | 498,716 | |||||||||||
Depreciation and amortization expense | (278,911 | ) | |||||||||||||||||||
General and administrative expense | (48,867 | ) | |||||||||||||||||||
Interest and other income | 10,825 | ||||||||||||||||||||
Loss on extinguishment of debt | (9,108 | ) | |||||||||||||||||||
Loss on impairment | (70,049 | ) | |||||||||||||||||||
Gain on investment | 2,400 | ||||||||||||||||||||
Equity in earnings of unconsolidated affiliates | 11,616 | ||||||||||||||||||||
Income tax provision | (1,305 | ) | |||||||||||||||||||
Income from continuing operations | $ | 115,317 | |||||||||||||||||||
Total assets | $ | 5,917,437 | $ | 274,234 | $ | 222,576 | $ | 371,724 | $ | 6,785,971 | |||||||||||
Capital expenditures (3) | $ | 203,210 | $ | 10,718 | $ | 8,052 | $ | 126,803 | $ | 348,783 | |||||||||||
Year Ended December 31, 2012 | Malls | Associated | Community | All | Total | ||||||||||||||||
Centers | Centers | Other (1) | |||||||||||||||||||
Revenues | $ | 901,249 | $ | 40,212 | $ | 13,361 | $ | 48,021 | $ | 1,002,843 | |||||||||||
Property operating expenses (2) | (286,919 | ) | (9,933 | ) | (3,219 | ) | 23,317 | (276,754 | ) | ||||||||||||
Interest expense | (214,216 | ) | (8,449 | ) | (2,517 | ) | (17,175 | ) | (242,357 | ) | |||||||||||
Other expense | (12 | ) | — | — | (25,066 | ) | (25,078 | ) | |||||||||||||
Gain on sales of real estate assets | 1,188 | 202 | 608 | 288 | 2,286 | ||||||||||||||||
Segment profit | $ | 401,290 | $ | 22,032 | $ | 8,233 | $ | 29,385 | 460,940 | ||||||||||||
Depreciation and amortization expense | (255,460 | ) | |||||||||||||||||||
General and administrative expense | (51,251 | ) | |||||||||||||||||||
Interest and other income | 3,953 | ||||||||||||||||||||
Gain on extinguishment of debt | 265 | ||||||||||||||||||||
Loss on impairment of real estate | (24,379 | ) | |||||||||||||||||||
Gain on investment | 45,072 | ||||||||||||||||||||
Equity in earnings of unconsolidated affiliates | 8,313 | ||||||||||||||||||||
Income tax provision | (1,404 | ) | |||||||||||||||||||
Income from continuing operations | $ | 186,049 | |||||||||||||||||||
Total assets | $ | 6,213,801 | $ | 302,225 | $ | 203,261 | $ | 370,449 | $ | 7,089,736 | |||||||||||
Capital expenditures (3) | $ | 608,190 | $ | 6,630 | $ | 13,884 | $ | 76,319 | $ | 705,023 | |||||||||||
Year Ended December 31, 2011 | Malls | Associated | Community | All | Total | ||||||||||||||||
Centers | Centers | Other (1) | |||||||||||||||||||
Revenues | $ | 922,529 | $ | 38,909 | $ | 12,036 | $ | 46,425 | $ | 1,019,899 | |||||||||||
Property operating expenses (2) | (294,937 | ) | (9,687 | ) | (3,122 | ) | 22,784 | (284,962 | ) | ||||||||||||
Interest expense | (229,056 | ) | (8,516 | ) | (4,478 | ) | (20,558 | ) | (262,608 | ) | |||||||||||
Other expense | — | (400 | ) | — | (28,498 | ) | (28,898 | ) | |||||||||||||
Gain on sales of real estate assets | 57,621 | 301 | 1,193 | 281 | 59,396 | ||||||||||||||||
Segment profit | $ | 456,157 | $ | 20,607 | $ | 5,629 | $ | 20,434 | 502,827 | ||||||||||||
Depreciation and amortization expense | (261,562 | ) | |||||||||||||||||||
General and administrative expense | (44,751 | ) | |||||||||||||||||||
Interest and other income | 2,578 | ||||||||||||||||||||
Gain on extinguishment of debt | 1,029 | ||||||||||||||||||||
Loss on impairment of real estate | (51,304 | ) | |||||||||||||||||||
Equity in earnings of unconsolidated affiliates | 6,138 | ||||||||||||||||||||
Income tax benefit | 269 | ||||||||||||||||||||
Income from continuing operations | $ | 155,224 | |||||||||||||||||||
Total assets | $ | 5,954,414 | $ | 308,858 | $ | 265,675 | $ | 190,481 | $ | 6,719,428 | |||||||||||
Capital expenditures (3) | $ | 265,478 | $ | 213,364 | $ | 21,452 | $ | 16,984 | $ | 517,278 | |||||||||||
-1 | The All Other category includes mortgage and other notes receivable, office buildings, the Management Company and the Company’s subsidiary that provides security and maintenance services. | ||||||||||||||||||||
-2 | Property operating expenses include property operating, real estate taxes and maintenance and repairs. | ||||||||||||||||||||
-3 | Amounts include acquisitions of real estate assets and investments in unconsolidated affiliates. Developments in progress are included in the All Other category. |
Supplemental_and_Noncash_Infor
Supplemental and Noncash Information | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Supplemental Cash Flow Information [Abstract] | ' | |||||||||||
Supplemental and Noncash Information | ' | |||||||||||
SUPPLEMENTAL AND NONCASH INFORMATION | ||||||||||||
The Company paid cash for interest, net of amounts capitalized, in the amount of $223,793, $233,220 and $265,430 during 2013, 2012 and 2011, respectively. | ||||||||||||
The Company’s noncash investing and financing activities for 2013, 2012 and 2011 were as follows: | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Accrued dividends and distributions payable | $ | 50,523 | $ | 43,689 | $ | 41,717 | ||||||
Additions to real estate assets accrued but not yet paid | 20,625 | 22,468 | 21,771 | |||||||||
Reduction to preferred liquidation value of PJV units | 10,000 | — | — | |||||||||
Discount on issuance of 5.250% Senior Notes due 2023 | (4,626 | ) | — | — | ||||||||
Trade-in allowance - aircraft | 2,800 | — | — | |||||||||
Notes receivable from sale of land | 7,430 | — | — | |||||||||
Issuance of noncontrolling interests in Operating Partnership | — | 14,000 | — | |||||||||
Conversion of Operating Partnership units to common stock | — | 59,738 | 729 | |||||||||
Addition to real estate assets from conversion of note receivable | — | 4,522 | — | |||||||||
Assumption of mortgage notes payable in acquisitions | — | 220,634 | — | |||||||||
Consolidation of joint venture: | ||||||||||||
Decrease in investment in unconsolidated affiliates | — | (15,643 | ) | — | ||||||||
Increase in real estate assets | — | 111,407 | — | |||||||||
Increase in intangible lease and other assets | — | 18,426 | — | |||||||||
Increase in mortgage and other indebtedness | — | 54,169 | — | |||||||||
Deconsolidation of joint ventures: | ||||||||||||
Decrease in real estate assets | — | — | 365,971 | |||||||||
Decrease in intangible lease and other assets | — | — | 26,798 | |||||||||
Decrease in mortgage notes payable | — | — | (266,224 | ) | ||||||||
Increase in investment in unconsolidated affiliates | — | — | (123,651 | ) | ||||||||
Decrease in accounts payable and accrued liabilities | — | — | (4,395 | ) | ||||||||
Additions to real estate assets from forgiveness of mortgage note receivable | — | — | 2,235 | |||||||||
Related_Party_Transactions
Related Party Transactions | 12 Months Ended |
Dec. 31, 2013 | |
Related Party Transactions [Abstract] | ' |
Related Party Transactions | ' |
RELATED PARTY TRANSACTIONS | |
Certain executive officers of the Company and members of the immediate family of Charles B. Lebovitz, Chairman of the Board of the Company, collectively have a significant noncontrolling interest in EMJ, a construction company that the Company engaged to build substantially all of the Company’s development Properties. The Company paid approximately $27,106, $49,153 and $59,668 to EMJ in 2013, 2012 and 2011, respectively, for construction and development activities. The Company had accounts payable to EMJ of $2,345 and $2,096 at December 31, 2013 and 2012, respectively. | |
Certain executive officers of the Company also collectively had a significant noncontrolling interest in Electrical and Mechanical Group, Inc. (“EMG”), a company to which EMJ subcontracted a portion of its services for the Company. The Company had also engaged EMG directly for certain services. EMJ paid approximately $15 and $981 to EMG in 2012 and 2011, respectively, for such subcontracted services. The Company paid approximately, $0 and $86, respectively, directly to EMG in 2012 and 2011 for services which EMG performed directly for the Company. EMG was dissolved in 2012. | |
The Management Company provides management, development and leasing services to the Company’s unconsolidated affiliates and other affiliated partnerships. Revenues recognized for these services amounted to $7,886, $7,531 and $4,822 in 2013, 2012 and 2011, respectively. |
Contingencies
Contingencies | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Commitments and Contingencies Disclosure [Abstract] | ' | |||
Contingencies | ' | |||
CONTINGENCIES | ||||
Litigation | ||||
The Company is currently involved in certain litigation that arises in the ordinary course of business, most of which is expected to be covered by liability insurance. Management makes assumptions and estimates concerning the likelihood and amount of any potential loss relating to these matters using the latest information available. The Company records a liability for litigation if an unfavorable outcome is probable and the amount of loss or range of loss can be reasonably estimated. If an unfavorable outcome is probable and a reasonable estimate of the loss is a range, the Company accrues the best estimate within the range. If no amount within the range is a better estimate than any other amount, the Company accrues the minimum amount within the range. If an unfavorable outcome is probable but the amount of the loss cannot be reasonably estimated, the Company discloses the nature of the litigation and indicates that an estimate of the loss or range of loss cannot be made. If an unfavorable outcome is reasonably possible and the estimated loss is material, the Company discloses the nature and estimate of the possible loss of the litigation. The Company does not disclose information with respect to litigation where an unfavorable outcome is considered to be remote or where the estimated loss would not be material. Based on current expectations, such matters, both individually and in the aggregate, are not expected to have a material adverse effect on the liquidity, results of operations, business or financial condition of the Company. | ||||
On March 11, 2010, TPD, a subsidiary of the Company, filed the Mississippi Case, against M Hanna, Gallet & Associates, Inc., LA Ash, Inc., EMJ and JEA (f/k/a Jacksonville Electric Authority), seeking damages for alleged property damage and related damages occurring at a shopping center development in D'Iberville, Mississippi. EMJ filed an answer and counterclaim denying liability and seeking to recover from TPD the retainage of approximately $327 allegedly owed under the construction contract. Kohl's was granted permission to intervene in the Mississippi Case and, on April 13, 2011, filed a cross-claim against TPD alleging that TPD is liable to Kohl's for unspecified damages resulting from the actions of the defendants and for the failure to perform the obligations of TPD under a Site Development Agreement with Kohl's. Kohl's also made a claim against the Company based on the Company's guarantee of the performance of TPD under the Site Development Agreement. Although, based on information currently available, the Company believes the likelihood of an unfavorable outcome related to the claims made by EMJ and Kohl's against the Company in connection with the Mississippi case is remote, the Company is providing disclosure of this litigation due to the related party relationship between the Company and EMJ described below. In August 2013, TPD received a partial settlement of $8,240 from certain of the defendants in the Mississippi Case described above. Litigation continues with other defendants in the matter, and trial is scheduled for the September 2014 jury term. See Note 19 for information on a partial settlement received subsequent to December 31, 2013. | ||||
TPD also has filed claims under several insurance policies in connection with this matter, and there are three pending lawsuits relating to insurance coverage. On October 8, 2010, First Mercury filed an action in the United States District Court for the Eastern District of Texas against M Hanna and TPD seeking a declaratory judgment concerning coverage under a liability insurance policy issued by First Mercury to M Hanna. That case was dismissed for lack of federal jurisdiction and refiled in Texas state court. On June 13, 2011, TPD filed the Tennessee Case against National Union and EMJ seeking a declaratory judgment regarding coverage under a liability insurance policy issued by National Union to EMJ and recovery of damages arising out of National Union's breach of its obligations. In March 2012, Zurich American and Zurich American of Illinois, which also have issued liability insurance policies to EMJ, intervened in the Tennessee Case and the case was set for trial on October 29, 2013 but, currently, the trial date has been extended while the parties mediate the case. The first mediation session took place on January 14-15, 2014, and the second session is scheduled for March 18-19, 2014. On February 14, 2012, TPD filed claims in the United States District Court for the Southern District of Mississippi against Factory Mutual Insurance Company and Federal Insurance Company seeking a declaratory judgment concerning coverage under certain builders risk and property insurance policies issued by those respective insurers to the Company. | ||||
Certain executive officers of the Company and members of the immediate family of Charles B. Lebovitz, Chairman of the Board of the Company, collectively have a significant noncontrolling interest in EMJ, a major national construction company that the Company engaged to build a substantial number of the Company's Properties. EMJ is one of the defendants in the Mississippi Case and in the Tennessee Case described above. | ||||
Environmental Contingencies | ||||
The Company evaluates potential loss contingencies related to environmental matters using the same criteria described above related to litigation matters. Based on current information, an unfavorable outcome concerning such environmental matters, both individually and in the aggregate, is considered to be reasonably possible. However, the Company believes its maximum potential exposure to loss would not be material to its results of operations or financial condition. The Company has a master insurance policy that provides coverage through 2022 for certain environmental claims up to $10,000 per occurrence and up to$50,000 in the aggregate, subject to deductibles and certain exclusions. | ||||
Other Contingencies | ||||
In September 2013, the Company redeemed all outstanding perpetual PJV units of its joint venture, CWJV with Westfield using borrowings from the Company's lines of credit. The PJV units, originally issued in 2007 as part of the acquisition of four malls in St. Louis, MO by CWJV, were redeemed for $412,986, which consisted of $408,577 for the PJV units and $4,409 for accrued and unpaid preferred returns. In accordance with the joint venture agreement, the redemption amount represented a $10,000 reduction to the preferred liquidation value of the PJV units of $418,577. The $10,000 reduction has been recorded as an increase in additional paid-in capital of the Company and as an increase to partners' capital of the Operating Partnership. | ||||
Prior to the September 2013 redemption, the terms of the joint venture agreement required that CWJV pay an annual preferred distribution at a rate of 5.0% on the preferred liquidation value of the PJV units of CWJV that were held by Westfield. Westfield had the right to have all or a portion of the PJV units redeemed by CWJV with either cash or property owned by CWJV, in each case for a net equity amount equal to the preferred liquidation value of the PJV units. At any time after January 1, 2013, Westfield could propose that CWJV acquire certain qualifying property that would be used to redeem the PJV units at their preferred liquidation value. If CWJV did not redeem the PJV units with such qualifying property, then the annual preferred distribution rate on the PJV units would increase to 9.0% beginning July 1, 2013. The Company had the right, but not the obligation, to offer to redeem the PJV units from January 31, 2013 through January 31, 2015 at their preferred liquidation value, plus accrued and unpaid distributions. The Company amended the joint venture agreement with Westfield in September 2012 to provide that, if the Company exercised its right to offer to redeem the PJV units on or before August 1, 2013, then the preferred liquidation value would be reduced by $10,000 so long as Westfield did not reject the offer and the redemption closed on or before September 30, 2013. | ||||
Guarantees | ||||
The Company may guarantee the debt of a joint venture primarily because it allows the joint venture to obtain funding at a lower cost than could be obtained otherwise. This results in a higher return for the joint venture on its investment, and a higher return on the Company’s investment in the joint venture. The Company may receive a fee from the joint venture for providing the guaranty. Additionally, when the Company issues a guaranty, the terms of the joint venture agreement typically provide that the Company may receive indemnification from the joint venture or have the ability to increase its ownership interest. | ||||
The Company owned a parcel of land in Lee's Summit, MO that it ground leased to a third party development company that developed and operates a shopping center on the land parcel. The Company had guaranteed 27% of the third party’s loans of which the maximum guaranteed amount represented 27% of the loans' capacity. The Company included an obligation of $192 in the accompanying consolidated balance sheet as of December 31, 2012 to reflect the estimated fair value of the guaranty. In November 2013, the Company sold the land parcel to the third party development company for $22,430. The Company received $15,000 in cash and a promissory note of $7,430 from the third party development company's parent. See Note 10 for additional information about the note receivable. In conjunction with the land sale, the Company's ground lease with the third party development company terminated, releasing the Company from its 27% guaranty, and the Company removed the $192 obligation from its consolidated balance sheet as of December 31, 2013. | ||||
The Company has guaranteed construction and land loans for Phases I and II of West Melbourne, an unconsolidated affiliate in which the Company owns a 50% interest. West Melbourne developed and operates Hammock Landing, a community center in West Melbourne, FL. Both loans were extended and modified in December 2013 and have maturity dates of November 2015 with two one-year extensions. The guaranty on the Phase I construction loan was reduced from 100% to 25% in the fourth quarter of 2013. The total amount outstanding on the Phase I loan at December 31, 2013 was $41,011, of which $10,253 represents the maximum guaranteed amount. The guaranty on the Phase II land loan will be reduced from 100% to 25% once the construction of a Carmike Cinema is complete and the theater is operational. The total amount outstanding on the Phase II loan at December 31, 2013 was $4,530 and the maximum guaranteed amount on the loan is $10,757. The guarantees will expire upon repayment of the debt. In the accompanying consolidated balance sheets, the Company reduced its obligation of $478 as of December 31, 2012 to $130 as of December 31, 2013 to reflect the estimated fair value of these guarantees. | ||||
The Company has guaranteed the construction loan of Port Orange, an unconsolidated affiliate in which the Company owns a 50% interest. Port Orange developed and operates The Pavilion at Port Orange, a community center in Port Orange, FL. In the fourth quarter of 2013, the guaranty was reduced from 100% to 25%. In December 2013, the loan was modified and extended to mature in November 2015 and has two one-year extension options available. The total amount outstanding at December 31, 2013 on the loan was $62,559, of which the maximum guaranteed amount is $15,640 . The guaranty will expire upon repayment of the debt. In the accompanying consolidated balance sheets, the Company reduced its obligation of $961 as of December 31, 2012 to $157 as of December 31, 2013 to reflect the estimated fair value of this guaranty. | ||||
The Company has guaranteed the lease performance of YTC, an unconsolidated affiliate in which it owns a 50% interest, under the terms of an agreement with a third party that owns property as part of York Town Center. Under the terms of that agreement, YTC is obligated to cause performance of the third party’s obligations as landlord under its lease with its sole tenant, including, but not limited to, provisions such as co-tenancy and exclusivity requirements. Should YTC fail to cause performance, then the tenant under the third party landlord’s lease may pursue certain remedies ranging from rights to terminate its lease to receiving reductions in rent. The Company has guaranteed YTC’s performance under this agreement up to a maximum of $22,000, which decreases by $800 annually until the guaranteed amount is reduced to $10,000. The guaranty expires on December 31, 2020. The maximum guaranteed obligation was $16,400 as of December 31, 2013. The Company entered into an agreement with its joint venture partner under which the joint venture partner has agreed to reimburse the Company 50% of any amounts it is obligated to fund under the guaranty. The Company did not record an obligation for this guaranty because it determined that the fair value of the guaranty was not material as of December 31, 2013 and 2012. | ||||
In July 2012, the Company guaranteed 100% of a term loan for Gulf Coast, an unconsolidated affiliate in which the Company owns a 50% interest, of which the maximum guaranteed amount is $6,258. The loan is for the third phase expansion of Gulf Coast Town Center, a shopping center located in Ft. Myers, FL. The total amount outstanding as of December 31, 2013 on the loan was $6,258. The guaranty will expire upon repayment of the debt. The loan matures in July 2015. The Company did not record an obligation for this guaranty because it determined that the fair value of the guaranty was not material as of December 31, 2013 and 2012. | ||||
In March 2013, the Company guaranteed 100% of a construction loan for Fremaux, an unconsolidated affiliate in which the Company owns a 65% interest, of which the maximum guaranteed amount is $46,000. The loan is for the development of Fremaux Town Center, a community center located in Slidell, LA. The total amount outstanding at December 31, 2013 on the loan was $25,800. The guaranty will expire upon repayment of the debt. The loan matures in March 2016 and has two one-year extension options for an outside maturity date of March 2018. The Company received a 1% fee for this guaranty when the loan was issued in March 2013 and has included an obligation of $460 in the accompanying consolidated balance sheet as of December 31, 2013 to reflect the estimated fair value of this guaranty. | ||||
See Note 19 for subsequent event related to Fremaux. | ||||
Performance Bonds | ||||
The Company has issued various bonds that it would have to satisfy in the event of non-performance. The total amount outstanding on these bonds was $23,513 and $29,211 at December 31, 2013 and 2012, respectively. | ||||
Ground Leases | ||||
The Company is the lessee of land at certain of its Properties under long-term operating leases, which include scheduled increases in minimum rents. The Company recognizes these scheduled rent increases on a straight-line basis over the initial lease terms. Most leases have initial terms of at least 20 years and contain one or more renewal options, generally for a minimum of 5- or 10-year periods. Lease expense recognized in the consolidated statements of operations for 2013, 2012 and 2011 was $1,371, $1,169 and $1,967, respectively. | ||||
The future obligations under these operating leases at December 31, 2013, are as follows: | ||||
2014 | $ | 766 | ||
2015 | 772 | |||
2016 | 789 | |||
2017 | 789 | |||
2018 | 798 | |||
Thereafter | 27,657 | |||
$ | 31,571 | |||
Fair_Value_Measurements
Fair Value Measurements | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||||
Fair Value Measurements | ' | |||||||||||||||||||
FAIR VALUE MEASUREMENTS | ||||||||||||||||||||
The Company has categorized its financial assets and financial liabilities that are recorded at fair value into a hierarchy in accordance with Accounting Standards Codification ("ASC") 820, Fair Value Measurements and Disclosure, ("ASC 820") based on whether the inputs to valuation techniques are observable or unobservable. The fair value hierarchy contains three levels of inputs that may be used to measure fair value as follows: | ||||||||||||||||||||
Level 1 – Inputs represent quoted prices in active markets for identical assets and liabilities as of the measurement date. | ||||||||||||||||||||
Level 2 – Inputs, other than those included in Level 1, represent observable measurements for similar instruments in active markets, or identical or similar instruments in markets that are not active, and observable measurements or market data for instruments with substantially the full term of the asset or liability. | ||||||||||||||||||||
Level 3 – Inputs represent unobservable measurements, supported by little, if any, market activity, and require considerable assumptions that are significant to the fair value of the asset or liability. Market valuations must often be determined using discounted cash flow methodologies, pricing models or similar techniques based on the Company’s assumptions and best judgment. | ||||||||||||||||||||
The asset or liability's fair value within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Under ASC 820, fair value measurements are determined based on the assumptions that market participants would use in pricing the asset or liability in an orderly transaction at the measurement date. Valuation techniques used maximize the use of observable inputs and minimize the use of unobservable inputs and consider assumptions such as inherent risk, transfer restrictions and risk of nonperformance. | ||||||||||||||||||||
Fair Value Measurements on a Recurring Basis | ||||||||||||||||||||
The following tables set forth information regarding the Company’s financial instruments that are measured at fair value on a recurring basis in the accompanying consolidated balance sheets as of December 31, 2013 and 2012: | ||||||||||||||||||||
Fair Value Measurements at Reporting Date Using | ||||||||||||||||||||
Fair Value at December 31, 2013 | Quoted Prices in Active Markets | Significant | Significant Unobservable | |||||||||||||||||
for Identical | Other | Inputs (Level 3) | ||||||||||||||||||
Assets (Level 1) | Observable | |||||||||||||||||||
Inputs (Level 2) | ||||||||||||||||||||
Assets: | ||||||||||||||||||||
Available-for-sale securities | $ | 13,973 | $ | 13,973 | $ | — | $ | — | ||||||||||||
Interest rate cap | — | — | — | — | ||||||||||||||||
Liabilities: | ||||||||||||||||||||
Interest rate swaps | $ | 4,007 | $ | — | $ | 4,007 | $ | — | ||||||||||||
Fair Value Measurements at Reporting Date Using | ||||||||||||||||||||
Fair Value at December 31, 2012 | Quoted Prices in Active Markets | Significant | Significant Unobservable | |||||||||||||||||
for Identical | Other | Inputs (Level 3) | ||||||||||||||||||
Assets (Level 1) | Observable | |||||||||||||||||||
Inputs (Level 2) | ||||||||||||||||||||
Assets: | ||||||||||||||||||||
Available-for-sale securities | $ | 27,679 | $ | 16,556 | $ | — | $ | 11,123 | ||||||||||||
Privately-held debt and equity securities | 2,475 | — | — | 2,475 | ||||||||||||||||
Interest rate cap | — | — | — | — | ||||||||||||||||
Liabilities: | ||||||||||||||||||||
Interest rate swaps | $ | 5,805 | $ | — | $ | 5,805 | $ | — | ||||||||||||
The Company recognizes transfers in and out of every level at the end of each reporting period. There were no transfers between Levels 1, 2 or 3 during the years ended December 31, 2013 and 2012. | ||||||||||||||||||||
Intangible lease assets and other assets in the consolidated balance sheets include marketable securities consisting of corporate equity securities and bonds that are classified as available-for-sale. Net unrealized gains and losses on available-for-sale securities that are deemed to be temporary in nature are recorded as a component of AOCI in redeemable noncontrolling interests, shareholders’ equity and partners' capital, and noncontrolling interests. The Company did not recognize any realized gains or losses related to sales of marketable securities during the year ended December 31, 2013. The Company recognized realized gains of $224 and realized losses of $22 related to sales of marketable securities during the years ended December 31, 2012 and 2011, respectively. During the years ended December 31, 2013, 2012 and 2011, the Company did not recognize any write-downs for other-than-temporary impairments. The fair values of the Company’s available-for-sale securities are based on quoted market prices and are classified under Level 1. Tax increment financing bonds ("TIF bonds") which were classified as Level 3 as of December 31, 2012, were redeemed in January 2013. See Note 2 for a summary of the available-for-sale securities held by the Company. | ||||||||||||||||||||
The Company uses interest rate swaps and caps to mitigate the effect of interest rate movements on its variable-rate debt. The Company had four interest rate swaps and one interest rate cap as of December 31, 2013 and 2012, that qualify as hedging instruments and are designated as cash flow hedges. The interest rate cap is included in intangible lease assets and other assets and the interest rate swaps are reflected in accounts payable and accrued liabilities in the accompanying consolidated balance sheets. The swaps and cap have predominantly met the effectiveness test criteria since inception and changes in their fair values are, thus, primarily reported in OCI/L and are reclassified into earnings in the same period or periods during which the hedged item affects earnings. The fair values of the Company’s interest rate hedges, classified under Level 2, are determined based on prevailing market data for contracts with matching durations, current and anticipated LIBOR information, consideration of the Company’s credit standing, credit risk of the counterparties and reasonable estimates about relevant future market conditions. See Notes 2 and 6 for additional information regarding the Company’s interest rate hedging instruments. | ||||||||||||||||||||
The carrying values of cash and cash equivalents, receivables, accounts payable and accrued liabilities are reasonable estimates of their fair values because of the short-term nature of these financial instruments. Based on the interest rates for similar financial instruments, the carrying value of mortgage and other notes receivable is a reasonable estimate of fair value. The estimated fair value of mortgage and other indebtedness was $5,126,300 and $5,058,411 at December 31, 2013 and 2012, respectively. The fair value was calculated using Level 2 inputs by discounting future cash flows for mortgage and other indebtedness using estimated market rates at which similar loans would be made currently. The carrying amount of mortgage and other indebtedness was $4,857,523 and $4,745,683 at December 31, 2013 and 2012, respectively. | ||||||||||||||||||||
Prior to February 2013, the Company held TIF bonds, which had a 2028 maturity date and were received in a private placement as consideration for infrastructure improvements made by the Company related to the development of a community center. The Company had the intent and ability to hold the TIF bonds through the recovery period. The Company adjusted the bonds to their net realizable value as of December 31, 2012 and they were redeemed in January 2013. Due to the significant unobservable estimates and assumptions used in the valuation of the TIF bonds, such as the forecasted growth in sales and lack of marketability discount, the Company had classified the TIF bonds under Level 3 in the fair value hierarchy. | ||||||||||||||||||||
The following table provides a reconciliation of changes between the beginning and ending balances of the TIF bonds (Level 3): | ||||||||||||||||||||
Year Ended December 31, | ||||||||||||||||||||
Available-for-sale securities (Level 3): | 2013 | 2012 | ||||||||||||||||||
Balance, beginning of period | $ | 11,123 | $ | 11,829 | ||||||||||||||||
Redemption of TIF bonds | (11,002 | ) | — | |||||||||||||||||
Reclassification adjustment AOCI | — | 1,542 | ||||||||||||||||||
Transfer out of Level 3 (1) | (121 | ) | (2,248 | ) | ||||||||||||||||
Balance, end of period | $ | — | $ | 11,123 | ||||||||||||||||
-1 | The TIF bonds were adjusted to their net realizable value as of December 31, 2012 and redeemed in January 2013. The difference in estimate was recorded as a transfer to long-lived assets. | |||||||||||||||||||
Prior to May 2013, the Company held a secured convertible promissory note from Jinsheng, in which the Company also holds a cost-method investment. See Note 5 for additional information. The secured convertible note was non-interest bearing and secured by shares of Jinsheng. Since the secured convertible note was non-interest bearing and there was no active market for Jinsheng’s debt, the Company performed a probability-weighted discounted cash flow analysis for its valuation as of December 31, 2012 using various sale, redemption and initial public offering ("IPO") exit strategies. The fair value analysis as of December 31, 2012 forecasted a 0% to 10% reduction in estimated cash flows. Sale and IPO scenarios employed capitalization rates ranging from 10% to 12% which were discounted 20% for lack of marketability. Due to the significant unobservable estimates and assumptions used in the valuation of the note, such as revenue estimates and the lack of marketability discount, the Company had classified it under Level 3 in the fair value hierarchy. The Company exercised its right to demand payment of the note and received $4,875 from Jinsheng in May 2013, recognizing a realized gain of $2,400. The Company had previously recorded a $2,400 other-than-temporary impairment related to the Jinsheng note in 2009 due to China's declining real estate market. | ||||||||||||||||||||
The following table provides a reconciliation of changes between the beginning and ending balances of the Jinsheng note (Level 3): | ||||||||||||||||||||
Year Ended December 31, | ||||||||||||||||||||
Privately-held debt and equity securities (Level 3): | 2013 | 2012 | ||||||||||||||||||
Balance, beginning of period | $ | 2,475 | $ | 2,475 | ||||||||||||||||
Net settlement | (4,875 | ) | — | |||||||||||||||||
Realized gain recorded in earnings | 2,400 | — | ||||||||||||||||||
Balance, end of period | $ | — | $ | 2,475 | ||||||||||||||||
Fair Value Measurements on a Nonrecurring Basis | ||||||||||||||||||||
The Company measures the fair value of certain long-lived assets on a nonrecurring basis, through quarterly impairment testing or when events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable. The Company considers both quantitative and qualitative factors in its impairment analysis of long-lived assets. Significant quantitative factors include historical and forecasted information for each Property such as NOI, occupancy statistics and sales levels. Significant qualitative factors used include market conditions, age and condition of the Property and tenant mix. Due to the significant unobservable estimates and assumptions used in the valuation of long-lived assets that experience impairment, the Company classifies such long-lived assets under Level 3 in the fair value hierarchy. The fair value analysis as of December 31, 2013 used various probability-weighted scenarios comparing each Property's net book value to the sum of its estimated fair value. Assumptions included up to a 10-year holding period with a sale at the end of the holding period, capitalization rates ranging from 10% to 12% and an estimated sales cost of 1%. See Note 2 for additional information describing the Company's impairment review process. | ||||||||||||||||||||
The following table sets forth information regarding the Company’s assets that are measured at fair value on a nonrecurring basis and related impairment charges for the years ended December 31, 2013 and 2012: | ||||||||||||||||||||
Fair Value Measurements at Reporting Date Using | ||||||||||||||||||||
Total | Quoted Prices in Active | Significant | Significant | Total Losses | ||||||||||||||||
Markets | Other | Unobservable | ||||||||||||||||||
for Identical | Observable | Inputs (Level 3) | ||||||||||||||||||
Assets (Level 1) | Inputs (Level 2) | |||||||||||||||||||
2013:00:00 | ||||||||||||||||||||
Long-lived assets | $ | 31,900 | $ | — | $ | — | $ | 31,900 | $ | 67,665 | ||||||||||
2012:00:00 | ||||||||||||||||||||
Long-lived assets | $ | 8,173 | $ | — | $ | — | $ | 8,173 | $ | 23,315 | ||||||||||
Long-lived Assets Measured at Fair Value in 2013 | ||||||||||||||||||||
During the year ended December 31, 2013, the Company wrote down two Properties to their estimated fair value. As part of the Company's quarterly impairment review process, the Company recorded a non-cash impairment of real estate of $47,212 in the fourth quarter of 2013 to write-down the depreciated book value of Madison Square Mall, located in Huntsville, AL, from $55,212 to an estimated fair value of $8,000 as of December 31, 2013. Additionally, in accordance with the Company's quarterly impairment review process, the Company recorded a non-cash impairment of real estate of $20,453 in the second quarter of 2013 related to Citadel Mall, located in Charleston, SC, to write-down the depreciated book value of $44,353 to its estimated fair value of $23,900 as of June 30, 2013. The Mall experienced declining cash flows which were insufficient to cover the debt service on the mortgage secured by the Property. See Note 19 for information on the foreclosure of Citadel Mall subsequent to December 31, 2013. | ||||||||||||||||||||
A reconciliation of each Property's carrying values for the year ended December 31, 2013 is as follows: | ||||||||||||||||||||
Madison | Citadel Mall (2) | Total | ||||||||||||||||||
Square (1) | ||||||||||||||||||||
Beginning carrying value, January 1, 2013 | $ | 57,231 | $ | 45,178 | $ | 102,409 | ||||||||||||||
Capital expenditures | 5 | 262 | 267 | |||||||||||||||||
Depreciation expense | (2,024 | ) | (1,380 | ) | (3,404 | ) | ||||||||||||||
Loss on impairment of real estate | (47,212 | ) | (20,453 | ) | (67,665 | ) | ||||||||||||||
Ending carrying value, December 31, 2013 | $ | 8,000 | $ | 23,607 | $ | 31,607 | ||||||||||||||
(1) The revenues of Madison Square accounted for approximately 0.7% of total consolidated revenues for the year ended December 31, 2013. | ||||||||||||||||||||
(2) The revenues of Citadel Mall accounted for approximately 0.6% of total consolidated revenues for the year ended December 31, 2013. | ||||||||||||||||||||
Long-lived Assets Measured at Fair Value in 2012 | ||||||||||||||||||||
During the year ended December 31, 2012, the Company recorded write-downs related to two Properties. In conjunction with the Company's acquisition of the remaining 40.0% interest in Imperial Valley Commons L.P., a joint venture in which the Company held a 60.0% ownership interest, the Company recorded a non-cash impairment of real estate of $20,315 in the fourth quarter of 2012 to write-down the book value of vacant land available for the future expansion of Imperial Valley Commons, located in El Centro, CA, from $25,645 to its estimated fair value of $5,330. Development of this asset has been negatively impacted by recent economic conditions and other competition in the market area that have affected pre-development leasing activity. Additionally, in the third quarter of 2012, in accordance with the Company's quarterly impairment review process, the Company recorded a non-cash impairment of real estate of $3,000 related to The Courtyard at Hickory Hollow, an associated center located in Antioch, TN, to write-down the depreciated book value as of September 30, 2012 from $5,843 to an estimated fair value of $2,843 as of the same date. | ||||||||||||||||||||
A reconciliation of each Property's carrying values for the year ended December 31, 2012 is as follows: | ||||||||||||||||||||
Imperial Valley | The Courtyard | Total | ||||||||||||||||||
Commons L.P. (1) | at Hickory | |||||||||||||||||||
Hollow (2) | ||||||||||||||||||||
Beginning carrying value, January 1, 2012 | $ | 25,403 | $ | 5,754 | $ | 31,157 | ||||||||||||||
Capital expenditures | 264 | 644 | 908 | |||||||||||||||||
Depreciation expense | (22 | ) | (124 | ) | (146 | ) | ||||||||||||||
Loss on impairment of real estate | (20,315 | ) | (3,000 | ) | (23,315 | ) | ||||||||||||||
Ending carrying value, December 31, 2012 | $ | 5,330 | $ | 3,274 | $ | 8,604 | ||||||||||||||
(1) Imperial Valley Commons L.P. had no revenue for the year ended December 31, 2012 because it consists of land available for expansion. | ||||||||||||||||||||
(2) The revenues of The Courtyard at Hickory Hollow accounted for approximately 0.03% of total consolidated revenues for the year ended December 31, 2012. | ||||||||||||||||||||
Other Impairment Losses | ||||||||||||||||||||
2013 | ||||||||||||||||||||
During the year ended December 31, 2013, the Company recorded an impairment of real estate of $1,799 related to the sale of an outparcel that was sold for net proceeds after sales costs of $4,292, which was less than its carrying amount of $6,091. Additionally, the Company recorded a non-cash impairment of $585 to write-down the depreciated book value of the corporate airplane owned by the Management Company to its fair value at its trade-in date. | ||||||||||||||||||||
2012 | ||||||||||||||||||||
During the year ended December 31, 2012, the Company recorded an impairment of real estate of $1,064 related to the sale of three outparcels for total net proceeds after sales costs of $1,186, which were less than their total carrying amounts of $2,250. | ||||||||||||||||||||
2011 | ||||||||||||||||||||
During the year ended December 31, 2011, the Company recorded an impairment of real estate of $621 related to an outparcel that was sold for net proceeds after sales costs of $1,477, which was less than its carrying amount of $2,098. Additionally, in accordance with the Company's impairment review process, the Company recorded a non-cash impairment of real estate of $50,683 in the third quarter of 2011 to write-down the depreciated book value of Columbia Place, a mall located in Columbia, SC to an estimated fair value of $6,063 as of September 30, 2011. Columbia Place experienced declining cash flows as a result of changes in property-specific market conditions, which were further exacerbated by economic conditions that negatively impacted leasing activity and occupancy. The loan secured by Columbia Place is currently in default and the Company anticipates foreclosure proceedings will be complete by the end of the second quarter of 2014. |
ShareBased_Compensation
Share-Based Compensation | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Share-based Compensation [Abstract] | ' | ||||||
Share-Based Compensation | ' | ||||||
SHARE-BASED COMPENSATION | |||||||
As of December 31, 2013, there were two share-based compensation plans under which the Company has outstanding awards, the 2012 Plan and the 1993 Plan, as defined below. The Compensation Committee of the Board of Directors (the “Committee”) administers the plans. The Company can elect to make new awards under one of these plans, the CBL & Associates Properties, Inc. 2012 Stock Incentive Plan ("the 2012 Plan"), which was approved by the Company's shareholders in May 2012. The 2012 Plan permits the Company to issue stock options and common stock to selected officers, employees and non-employee directors of the Company up to a total of 10,400,000 shares. The Company did not issue any new awards under the CBL & Associates Properties, Inc. Second Amended and Restated Stock Incentive Plan ("the 1993 Plan"), which was approved by the Company's shareholders in May 2003, between the adoption of the 2012 Plan to replace the 1993 Plan in May 2012 and the termination of the 1993 Plan (as to new awards) on May 5, 2013. As the primary operating subsidiary of the Company, the Operating Partnership participates in and bears the compensation expense associated with the Company's share-based compensation plans. | |||||||
The share-based compensation cost that was charged against income for the plans was $2,682, $3,704 and $1,687 for 2013, 2012 and 2011, respectively. Share-based compensation cost resulting from share-based awards is recorded at the Management Company, which is a taxable entity. Share-based compensation cost capitalized as part of real estate assets was $202, $128 and $166 in 2013, 2012 and 2011, respectively. | |||||||
Stock Options | |||||||
Stock options issued under the plans allow for the purchase of common stock at the fair market value of the stock on the date of grant. Stock options granted to officers and employees vest and become exercisable in equal installments on each of the first five anniversaries of the date of grant and expire 10 years after the date of grant. Stock options granted to independent directors are fully vested upon grant; however, the independent directors may not sell, pledge or otherwise transfer their stock options during their board term or for one year thereafter. No stock options have been granted since 2002. | |||||||
There was no activity related to stock options in 2013 as all outstanding options were either exercised or canceled during 2012. The total intrinsic value of options exercised during 2012 and 2011 was $177 and $509, respectively. | |||||||
Stock Awards | |||||||
Under the plans, common stock may be awarded either alone, in addition to, or in tandem with other stock awards granted under the plans. The Committee has the authority to determine eligible persons to whom common stock will be awarded, the number of shares to be awarded and the duration of the vesting period, as defined. Generally, an award of common stock vests either immediately at grant, in equal installments over a period of five years or in one installment at the end of periods up to five years. Stock awarded to independent directors is fully vested upon grant; however, the independent directors may not transfer such shares during their board term. The Committee may also provide for the issuance of common stock under the plans on a deferred basis pursuant to deferred compensation arrangements. The fair value of common stock awarded under the plans is determined based on the market price of the Company’s common stock on the grant date and the related compensation expense is recognized over the vesting period on a straight-line basis. | |||||||
A summary of the status of the Company’s stock awards as of December 31, 2013, and changes during the year ended December 31, 2013, is presented below: | |||||||
Shares | Weighted | ||||||
Average | |||||||
Grant-Date | |||||||
Fair Value | |||||||
Nonvested at January 1, 2013 | 346,860 | $ | 17.06 | ||||
Granted | 352,816 | $ | 20.17 | ||||
Vested | (209,470 | ) | $ | 18.41 | |||
Forfeited | (11,990 | ) | $ | 18.45 | |||
Nonvested at December 31, 2013 | 478,216 | $ | 18.72 | ||||
The weighted average grant-date fair value of shares granted during 2013, 2012 and 2011 was $20.17, $19.09 and $17.48, respectively. The total fair value of shares vested during 2013, 2012 and 2011 was $4,305, $4,573 and $1,276, respectively. | |||||||
As of December 31, 2013, there was $7,518 of total unrecognized compensation cost related to nonvested stock awards granted under the plans, which is expected to be recognized over a weighted average period of 3.9 years. In February 2014, the Company granted 208,450 shares of restricted stock to its employees that will vest over the next five years. |
Employee_Benefit_Plans
Employee Benefit Plans | 12 Months Ended |
Dec. 31, 2013 | |
Compensation and Retirement Disclosure [Abstract] | ' |
Employee Benefit Plans | ' |
EMPLOYEE BENEFIT PLANS | |
401(k) Plan | |
The Management Company maintains a 401(k) profit sharing plan, which is qualified under Section 401(a) and Section 401(k) of the Code to cover employees of the Management Company. All employees who have attained the age of 21 and have completed at least 90 days of service are eligible to participate in the plan. The plan provides for employer matching contributions on behalf of each participant equal to 50% of the portion of such participant’s contribution that does not exceed 2.5% of such participant’s compensation for the plan year. Additionally, the Management Company has the discretion to make additional profit-sharing-type contributions not related to participant elective contributions. Total contributions by the Management Company were $933, $929 and $820 in 2013, 2012 and 2011, respectively. | |
Employee Stock Purchase Plan | |
The Company maintains an employee stock purchase plan that allows eligible employees to acquire shares of the Company’s common stock in the open market without incurring brokerage or transaction fees. Under the plan, eligible employees make payroll deductions that are used to purchase shares of the Company’s common stock. The shares are purchased at the prevailing market price of the stock at the time of purchase. | |
Deferred Compensation Arrangements | |
The Company has entered into an agreement with an officer that allows the officer to defer receipt of selected salary increases and/or bonus compensation for periods ranging from 5 to 10 years. The deferred compensation arrangement provides that bonus compensation is deferred in the form of a note payable to the officer. Interest accumulates on these notes at 5.0%. When an arrangement terminates, the note payable plus accrued interest is paid to the officer in cash. At December 31, 2013 and 2012, the Company had notes payable, including accrued interest, of $169 and $124, respectively, related to this arrangement. |
Quarterly_Information_Unaudite
Quarterly Information (Unaudited) | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | |||||||||||||||||||
Quarterly Information (Unaudited) | ' | |||||||||||||||||||
QUARTERLY INFORMATION (UNAUDITED) | ||||||||||||||||||||
The following quarterly information differs from previously reported amounts due to the reclassifications of the results of operations of certain long-lived assets to discontinued operations for all periods presented. See Note 4 for further information. | ||||||||||||||||||||
Year Ended December 31, 2013 | First | Second | Third | Fourth | Total (1) | |||||||||||||||
Quarter | Quarter | Quarter | Quarter | |||||||||||||||||
Total revenues | $ | 258,482 | $ | 255,584 | $ | 257,550 | $ | 282,009 | $ | 1,053,625 | ||||||||||
Income from operations (2) | 93,607 | 77,081 | 97,709 | 62,368 | 330,765 | |||||||||||||||
Income from continuing operations (3) | 37,845 | 16,255 | 52,234 | 8,983 | 115,317 | |||||||||||||||
Discontinued operations | 2,040 | 1,984 | (8,057 | ) | (914 | ) | (4,947 | ) | ||||||||||||
Net income | 39,885 | 18,239 | 44,177 | 8,069 | 110,370 | |||||||||||||||
Net income attributable to the Company | 30,313 | 11,724 | 34,324 | 8,843 | 85,204 | |||||||||||||||
Net income (loss) attributable to common shareholders | 19,090 | 501 | 23,101 | (2,380 | ) | 40,312 | ||||||||||||||
Basic per share data attributable to common shareholders: | ||||||||||||||||||||
Income (loss) from continuing operations, net of preferred dividends | $ | 0.11 | $ | (0.01 | ) | $ | 0.18 | $ | (0.01 | ) | $ | 0.27 | ||||||||
Net income (loss) attributable to common shareholders | $ | 0.12 | $ | 0 | $ | 0.14 | $ | (0.01 | ) | $ | 0.24 | |||||||||
Diluted per share data attributable to common shareholders: | ||||||||||||||||||||
Income (loss) from continuing operations, net of preferred dividends | $ | 0.11 | $ | (0.01 | ) | $ | 0.18 | $ | (0.01 | ) | $ | 0.27 | ||||||||
Net income (loss) attributable to common shareholders | $ | 0.12 | $ | 0 | $ | 0.14 | $ | (0.01 | ) | $ | 0.24 | |||||||||
Year Ended December 31, 2012 | First | Second | Third | Fourth | Total (1) | |||||||||||||||
Quarter | Quarter | Quarter | Quarter | |||||||||||||||||
Total revenues | $ | 238,894 | $ | 244,516 | $ | 249,185 | $ | 270,248 | $ | 1,002,843 | ||||||||||
Income from operations | 89,271 | 92,232 | 94,409 | 94,009 | 369,921 | |||||||||||||||
Income from continuing operations (4) | 32,768 | 34,674 | 36,166 | 82,441 | 186,049 | |||||||||||||||
Discontinued operations | 3,783 | 4,719 | (23,674 | ) | 3,642 | (11,530 | ) | |||||||||||||
Net income | 36,551 | 39,393 | 12,492 | 86,083 | 174,519 | |||||||||||||||
Net income attributable to the Company | 26,049 | 29,391 | 8,074 | 68,086 | 131,600 | |||||||||||||||
Net income (loss) attributable to common shareholders | 15,455 | 18,797 | (2,520 | ) | 52,357 | 84,089 | ||||||||||||||
Basic per share data attributable to common shareholders: | ||||||||||||||||||||
Income from continuing operations, net of preferred dividends | $ | 0.08 | $ | 0.1 | $ | 0.11 | $ | 0.31 | $ | 0.6 | ||||||||||
Net income (loss) attributable to common shareholders | $ | 0.1 | $ | 0.12 | $ | (0.02 | ) | $ | 0.33 | $ | 0.54 | |||||||||
Diluted per share data attributable to common shareholders: | ||||||||||||||||||||
Income from continuing operations, net of preferred dividends | $ | 0.08 | $ | 0.1 | $ | 0.11 | $ | 0.31 | $ | 0.6 | ||||||||||
Net income (loss) attributable to common shareholders | $ | 0.1 | $ | 0.12 | $ | (0.02 | ) | $ | 0.33 | $ | 0.54 | |||||||||
-1 | The sum of quarterly earnings per share may differ from annual earnings per share due to rounding. | |||||||||||||||||||
-2 | Income from operations for the quarters ended June 30, 2013 and December 31, 2013 includes a $20,453 and $47,212 loss on impairment of real estate related to Citadel Mall and Madison Square, respectively (see Note 15). | |||||||||||||||||||
-3 | Income from continuing operations for the quarter ended June 30, 2013 includes a $9,108 loss on extinguishment of debt, which was primarily due to a $8,708 prepayment fee, and a $2,400 gain on investment related to the repayment by Jinsheng of a note receivable (see Note 6 and Note 15). Income from continuing operations for the quarter ended September 30, 2013 includes a partial litigation settlement of $8,240 (see Note 14). | |||||||||||||||||||
-4 | Income from continuing operations for the quarter ended December 31, 2012 includes a $45,072 gain on investment related to the Company's acquisition of a joint venture partner's interest in one Property (see Note 3). |
Subsequent_Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2013 | |
Subsequent Events [Abstract] | ' |
Subsequent Events | ' |
SUBSEQUENT EVENTS | |
In February 2014, the lender of the non-recourse mortgage loan secured by Chapel Hill Mall in Akron, OH notified the Company that the loan had been placed in default. Chapel Hill Mall generates insufficient income levels to cover the debt service on the mortgage, which had a balance of $68,681 at December 31, 2013. | |
In February 2014, the Company received a partial settlement of $800 from certain of the defendants in the matter described in Note 14. Litigation continues with other defendants in the matter. | |
In February 2014, Fremaux amended and restated its loan agreement to increase the capacity on its construction loan from $46,000 to $47,291 for additional development costs related to Fremaux Town Center. | |
In January 2014, the Company retired an operating property loan, with a principal balance of $122,375 outstanding as of December 31, 2013, with borrowings from its credit facilities. The loan was secured by St. Clair Square in Fairview Heights, IL. The Company paid a prepayment fee of $1,249 in connection with the early retirement of this loan, which was scheduled to mature in December 2016. | |
In January 2014, the foreclosure of Citadel Mall was complete and the lender received the deed to the Property in satisfaction of the non-recourse debt, which had a balance of $68,169 as of December 31, 2013. The Company expects to recognize a gain of approximately $44,564 related to the extinguishment of this debt in the first quarter of 2014. |
Schedule_II_Valuation_and_Qual
Schedule II - Valuation and Qualifying Accounts | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Valuation and Qualifying Accounts [Abstract] | ' | |||||||||||
Valuation and Qualifying Accounts | ' | |||||||||||
Schedule II | ||||||||||||
CBL & ASSOCIATES PROPERTIES, INC. | ||||||||||||
CBL & ASSOCIATES LIMITED PARTNERSHIP | ||||||||||||
VALUATION AND QUALIFYING ACCOUNTS | ||||||||||||
(In thousands) | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Tenant receivables - allowance for doubtful accounts: | ||||||||||||
Balance, beginning of year | $ | 1,977 | $ | 1,760 | $ | 3,167 | ||||||
Additions in allowance charged to expense | 1,253 | 798 | 1,670 | |||||||||
Transfer to other receivables - allowance | — | — | (1,400 | ) | ||||||||
Bad debts charged against allowance | (851 | ) | (581 | ) | (1,677 | ) | ||||||
Balance, end of year | $ | 2,379 | $ | 1,977 | $ | 1,760 | ||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Other receivables - allowance for doubtful accounts: | ||||||||||||
Balance, beginning of year | $ | 1,270 | $ | 1,400 | $ | — | ||||||
Additions in allowance charged to expense | — | — | — | |||||||||
Transfer from tenant receivables - allowance | — | — | 1,400 | |||||||||
Bad debts charged against allowance | (29 | ) | (130 | ) | — | |||||||
Balance, end of year | $ | 1,241 | $ | 1,270 | $ | 1,400 | ||||||
Schedule_III_Real_Estate_Asset
Schedule III - Real Estate Assets and Accumulated Depreciation | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||||||||||||
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract] | ' | ||||||||||||||||||||||||||||||||||||||
Real Estate Assets and Accumulated Depreciation | ' | ||||||||||||||||||||||||||||||||||||||
Initial Cost(A) | Gross Amounts at Which Carried at Close of Period | ||||||||||||||||||||||||||||||||||||||
Description /Location | Encumbrances | Land | Buildings and Improvements | Costs | Sales of Outparcel | Land | Buildings and Improvements | Total (C) | Accumulated Depreciation (D) | Date of Construction | |||||||||||||||||||||||||||||
(B) | Capitalized Subsequent to Acquisition | Land | / Acquisition | ||||||||||||||||||||||||||||||||||||
MALLS: | |||||||||||||||||||||||||||||||||||||||
Acadiana Mall, Lafayette, LA | 134,933 | 22,511 | 145,769 | 14,875 | — | 22,511 | 160,644 | 183,155 | (57,868 | ) | 2005 | ||||||||||||||||||||||||||||
Alamance Crossing, Burlington, NC | 49,350 | 20,853 | 63,105 | 39,269 | (2,528 | ) | 18,325 | 102,374 | 120,699 | (20,199 | ) | 2007 | |||||||||||||||||||||||||||
Arbor Place, Douglasville, GA | 119,319 | 7,862 | 95,330 | 24,280 | — | 7,862 | 119,610 | 127,472 | (48,683 | ) | 1998-1999 | ||||||||||||||||||||||||||||
Asheville Mall, Asheville, NC | 74,819 | 7,139 | 58,747 | 49,461 | (805 | ) | 6,334 | 108,208 | 114,542 | (41,478 | ) | 1998 | |||||||||||||||||||||||||||
Bonita Lakes Mall, Meridian, MS | — | 4,924 | 31,933 | 6,700 | (985 | ) | 4,924 | 37,648 | 42,572 | (16,505 | ) | 1997 | |||||||||||||||||||||||||||
Brookfield Square, Brookfield, WI | 90,117 | 8,996 | 84,250 | 45,413 | (18 | ) | 9,170 | 129,471 | 138,641 | (46,005 | ) | 2001 | |||||||||||||||||||||||||||
Burnsville Center, Burnsville, MN | 77,565 | 12,804 | 71,355 | 52,440 | (1,157 | ) | 16,102 | 119,340 | 135,442 | (44,771 | ) | 1998 | |||||||||||||||||||||||||||
Cary Towne Center, Cary, NC | 53,679 | 23,688 | 74,432 | 27,383 | — | 23,701 | 101,802 | 125,503 | (33,569 | ) | 2001 | ||||||||||||||||||||||||||||
Chapel Hill Mall, Akron, OH | 68,681 | 6,578 | 68,043 | 13,764 | — | 6,578 | 81,807 | 88,385 | (22,428 | ) | 2004 | ||||||||||||||||||||||||||||
CherryVale Mall, Rockford, IL | 80,364 | 11,892 | 63,973 | 54,905 | (1,667 | ) | 11,608 | 117,495 | 129,103 | (36,086 | ) | 2001 | |||||||||||||||||||||||||||
Chesterfield Mall, Chesterfield, MO | 140,000 | 11,083 | 282,140 | 2,433 | — | 11,083 | 284,573 | 295,656 | (58,711 | ) | 2007 | ||||||||||||||||||||||||||||
Citadel Mall, Charleston, SC | 68,169 | 10,990 | 44,008 | (30,065 | ) | (1,289 | ) | 4,926 | 18,718 | 23,644 | (461 | ) | 2001 | ||||||||||||||||||||||||||
College Square, Morristown, TN | — | 2,954 | 17,787 | 22,847 | (88 | ) | 2,866 | 40,634 | 43,500 | (18,915 | ) | 1987-1988 | |||||||||||||||||||||||||||
Columbia Place, Columbia, SC | 27,265 | 1,526 | 52,348 | (47,218 | ) | (423 | ) | 1,103 | 5,130 | 6,233 | (476 | ) | 2002 | ||||||||||||||||||||||||||
Cross Creek Mall, Fayetteville, NC | 133,964 | 19,155 | 104,353 | 31,147 | — | 20,169 | 134,486 | 154,655 | (32,559 | ) | 2003 | ||||||||||||||||||||||||||||
Dakota Square Mall, Minot, ND | 57,642 | 4,552 | 87,625 | 2,296 | — | 4,552 | 89,921 | 94,473 | (4,401 | ) | 2012 | ||||||||||||||||||||||||||||
Eastland Mall, Bloomington, IL | 59,400 | 5,746 | 75,893 | 7,255 | (754 | ) | 5,304 | 82,836 | 88,140 | (24,442 | ) | 2005 | |||||||||||||||||||||||||||
East Towne Mall, Madison, WI | 68,539 | 4,496 | 63,867 | 41,566 | (366 | ) | 4,130 | 105,433 | 109,563 | (35,160 | ) | 2002 | |||||||||||||||||||||||||||
EastGate Mall , Cincinnati, OH | 41,101 | 13,046 | 44,949 | 26,666 | (1,017 | ) | 12,029 | 71,615 | 83,644 | (23,936 | ) | 2001 | |||||||||||||||||||||||||||
Fashion Square, Saginaw, MI | 40,675 | 15,218 | 64,970 | 11,513 | — | 15,218 | 76,483 | 91,701 | (26,199 | ) | 2001 | ||||||||||||||||||||||||||||
Fayette Mall, Lexington, KY | 175,318 | 25,194 | 84,267 | 72,269 | 11 | 25,205 | 156,536 | 181,741 | (41,777 | ) | 2001 | ||||||||||||||||||||||||||||
Frontier Mall , Cheyenne, WY | — | 2,681 | 15,858 | 18,654 | — | 2,681 | 34,512 | 37,193 | (18,867 | ) | 1984-1985 | ||||||||||||||||||||||||||||
Foothills Mall, Maryville, TN | — | 5,558 | 25,244 | 11,652 | — | 5,558 | 36,896 | 42,454 | (22,010 | ) | 1996 | ||||||||||||||||||||||||||||
Greenbrier Mall, Chesapeake, VA | 75,543 | 3,181 | 107,355 | 12,887 | (626 | ) | 2,555 | 120,242 | 122,797 | (30,140 | ) | 2004 | |||||||||||||||||||||||||||
Hamilton Place, Chattanooga, TN | 103,888 | 3,532 | 42,623 | 39,866 | (441 | ) | 3,091 | 82,489 | 85,580 | (41,954 | ) | 2007 | |||||||||||||||||||||||||||
Hanes Mall, Winston-Salem, NC | 153,977 | 17,176 | 133,376 | 45,635 | (948 | ) | 16,808 | 178,431 | 195,239 | (57,508 | ) | 2001 | |||||||||||||||||||||||||||
Harford Mall, Bel Air, MD | — | 8,699 | 45,704 | 21,590 | — | 8,699 | 67,294 | 75,993 | (19,236 | ) | 2003 | ||||||||||||||||||||||||||||
Hickory Point, (Forsyth) Decatur, IL | 29,005 | 10,731 | 31,728 | 12,450 | (293 | ) | 10,439 | 44,177 | 54,616 | (14,573 | ) | 2005 | |||||||||||||||||||||||||||
Honey Creek Mall, Terre Haute, IN | 29,988 | 3,108 | 83,358 | 12,367 | — | 3,108 | 95,725 | 98,833 | (24,809 | ) | 2004 | ||||||||||||||||||||||||||||
Imperial Valley Mall, El Centro, CA | 51,278 | 35,378 | 70,549 | 160 | — | 35,378 | 70,709 | 106,087 | (2,478 | ) | 2012 | ||||||||||||||||||||||||||||
Janesville Mall, Janesville, WI | 3,797 | 8,074 | 26,009 | 8,035 | — | 8,074 | 34,044 | 42,118 | (13,258 | ) | 1998 | ||||||||||||||||||||||||||||
Jefferson Mall, Louisville, KY | 69,599 | 13,125 | 40,234 | 23,653 | (521 | ) | 12,604 | 63,887 | 76,491 | (20,828 | ) | 2001 | |||||||||||||||||||||||||||
Kirkwood Mall , Bismarck ND | 39,778 | 3,368 | 118,945 | 963 | — | 3,368 | 119,908 | 123,276 | (3,902 | ) | 2012 | ||||||||||||||||||||||||||||
Initial Cost(A) | Gross Amounts at Which Carried at Close of Period | ||||||||||||||||||||||||||||||||||||||
Description /Location | Encumbrances | Land | Buildings and Improvements | Costs | Sales of Outparcel | Land | Buildings and Improvements | Total (C) | Accumulated Depreciation (D) | Date of Construction | |||||||||||||||||||||||||||||
(B) | Capitalized Subsequent to Acquisition | Land | / Acquisition | ||||||||||||||||||||||||||||||||||||
The Lakes Mall, Muskegon, MI | — | 3,328 | 42,366 | 11,398 | — | 3,328 | 53,764 | 57,092 | (21,896 | ) | 2000-2001 | ||||||||||||||||||||||||||||
Lakeshore Mall, Sebring, FL | — | 1,443 | 28,819 | 7,210 | (169 | ) | 1,274 | 36,029 | 37,303 | (18,182 | ) | 1991-1992 | |||||||||||||||||||||||||||
Laurel Park Place, Livonia, MI | — | 13,289 | 92,579 | 10,005 | — | 13,289 | 102,584 | 115,873 | (32,705 | ) | 2005 | ||||||||||||||||||||||||||||
Layton Hills Mall, Layton, UT | 96,433 | 20,464 | 99,836 | 12,569 | (275 | ) | 20,189 | 112,405 | 132,594 | (31,971 | ) | 2005 | |||||||||||||||||||||||||||
Madison Square, Huntsville, AL | — | 17,596 | 39,186 | (48,810 | ) | — | 2,550 | 5,422 | 7,972 | — | 1984 | ||||||||||||||||||||||||||||
Mall del Norte, Laredo, TX | 113,400 | 21,734 | 142,049 | 49,273 | — | 21,734 | 191,322 | 213,056 | (57,901 | ) | 2004 | ||||||||||||||||||||||||||||
Meridian Mall , Lansing, MI | — | 529 | 103,678 | 67,057 | — | 2,232 | 169,032 | 171,264 | (66,114 | ) | 1998 | ||||||||||||||||||||||||||||
Midland Mall, Midland, MI | 33,894 | 10,321 | 29,429 | 9,591 | — | 10,321 | 39,020 | 49,341 | (14,725 | ) | 2001 | ||||||||||||||||||||||||||||
Mid Rivers Mall, St. Peters, MO | — | 16,384 | 170,582 | 12,798 | — | 16,384 | 183,380 | 199,764 | (37,655 | ) | 2007 | ||||||||||||||||||||||||||||
Monroeville Mall, Pittsburgh, PA | — | 22,195 | 177,214 | 56,942 | — | 24,716 | 231,635 | 256,351 | (55,932 | ) | 2004 | ||||||||||||||||||||||||||||
Northgate Mall, Chattanooga, TN | — | 2,330 | 8,960 | 10,406 | — | 2,330 | 19,366 | 21,696 | (1,167 | ) | 2011 | ||||||||||||||||||||||||||||
Northpark Mall, Joplin, MO | — | 9,977 | 65,481 | 33,633 | — | 10,962 | 98,129 | 109,091 | (30,191 | ) | 2004 | ||||||||||||||||||||||||||||
Northwoods Mall, Charleston, SC | 71,294 | 14,867 | 49,647 | 19,460 | (2,339 | ) | 12,528 | 69,107 | 81,635 | (23,035 | ) | 2001 | |||||||||||||||||||||||||||
Old Hickory Mall, Jackson, TN | — | 15,527 | 29,413 | 6,508 | — | 15,527 | 35,921 | 51,448 | (12,958 | ) | 2001 | ||||||||||||||||||||||||||||
The Outlet Shoppes at Atlanta, Woodstock, GA | 79,902 | 7,186 | 96,640 | (42,216 | ) | — | 7,186 | 54,424 | 61,610 | (1,220 | ) | 2013 | |||||||||||||||||||||||||||
The Outlet Shoppes at El Paso, El Paso, TX | 65,465 | 9,239 | 96,640 | 1,218 | — | 9,239 | 97,858 | 107,097 | (6,677 | ) | 2012 | ||||||||||||||||||||||||||||
The Outlet Shoppes at Gettysburg, Gettysburg, PA | 39,437 | 20,953 | 22,180 | 463 | — | 20,953 | 22,643 | 43,596 | (2,154 | ) | 2012 | ||||||||||||||||||||||||||||
The Outlet Shoppes at Oklahoma City, Oklahoma City, OK | 57,812 | 8,364 | 50,268 | 11,778 | — | 8,368 | 62,042 | 70,410 | (9,788 | ) | 2011 | ||||||||||||||||||||||||||||
Parkdale Mall, Beaumont, TX | 89,991 | 23,850 | 47,390 | 49,644 | (307 | ) | 23,543 | 97,034 | 120,577 | (30,350 | ) | 2001 | |||||||||||||||||||||||||||
Park Plaza Mall, Little Rock, AR | 93,909 | 6,297 | 81,638 | 35,254 | — | 6,304 | 116,885 | 123,189 | (38,851 | ) | 2004 | ||||||||||||||||||||||||||||
Parkway Place, Huntsville, AL | 39,433 | 6,364 | 67,067 | 1,883 | — | 6,364 | 68,950 | 75,314 | (8,585 | ) | 2010 | ||||||||||||||||||||||||||||
Pearland Town Center, Pearland, TX | 17,570 | 16,300 | 108,615 | 13,849 | (366 | ) | 15,443 | 122,955 | 138,398 | (27,284 | ) | 2008 | |||||||||||||||||||||||||||
Post Oak Mall, College Station, TX | — | 3,936 | 48,948 | 12,167 | (327 | ) | 3,608 | 61,116 | 64,724 | (27,005 | ) | 1984-1985 | |||||||||||||||||||||||||||
Randolph Mall, Asheboro, NC | — | 4,547 | 13,927 | 10,442 | — | 4,547 | 24,369 | 28,916 | (7,888 | ) | 2001 | ||||||||||||||||||||||||||||
Regency Mall, Racine, WI | — | 3,384 | 36,839 | 15,238 | — | 4,244 | 51,217 | 55,461 | (18,577 | ) | 2001 | ||||||||||||||||||||||||||||
Richland Mall, Waco, TX | — | 9,874 | 34,793 | 9,243 | — | 9,887 | 44,023 | 53,910 | (14,581 | ) | 2002 | ||||||||||||||||||||||||||||
River Ridge Mall, Lynchburg, VA | — | 4,824 | 59,052 | 12,413 | (94 | ) | 4,731 | 71,464 | 76,195 | (15,738 | ) | 2003 | |||||||||||||||||||||||||||
South County Center, St. Louis, MO | — | 15,754 | 159,249 | 13,775 | — | 15,754 | 173,024 | 188,778 | (34,169 | ) | 2007 | ||||||||||||||||||||||||||||
Southaven Towne Center, Southaven, MS | 40,929 | 8,255 | 29,380 | 13,207 | — | 8,478 | 42,364 | 50,842 | (12,820 | ) | 2005 | ||||||||||||||||||||||||||||
Southpark Mall, Colonial Heights, VA | 65,531 | 9,501 | 73,262 | 30,190 | — | 11,282 | 101,671 | 112,953 | (28,350 | ) | 2003 | ||||||||||||||||||||||||||||
Stroud Mall, Stroudsburg, PA | 33,243 | 14,711 | 23,936 | 21,252 | — | 14,711 | 45,188 | 59,899 | (14,846 | ) | 1998 | ||||||||||||||||||||||||||||
St. Clair Square, Fairview Heights, IL | 122,375 | 11,027 | 75,620 | 33,946 | — | 11,027 | 109,566 | 120,593 | (43,297 | ) | 1996 | ||||||||||||||||||||||||||||
Sunrise Mall, Brownsville, TX | — | 11,156 | 59,047 | (1,662 | ) | — | 11,156 | 57,385 | 68,541 | (16,532 | ) | 2003 | |||||||||||||||||||||||||||
Initial Cost(A) | Gross Amounts at Which Carried at Close of Period | ||||||||||||||||||||||||||||||||||||||
Description /Location | Encumbrances | Land | Buildings and Improvements | Costs | Sales of Outparcel | Land | Buildings and Improvements | Total (C) | Accumulated Depreciation (D) | Date of Construction | |||||||||||||||||||||||||||||
(B) | Capitalized Subsequent to Acquisition | Land | / Acquisition | ||||||||||||||||||||||||||||||||||||
Turtle Creek Mall , Hattiesburg, MS | — | 2,345 | 26,418 | 19,057 | — | 3,535 | 44,285 | 47,820 | (19,671 | ) | 1993-1995 | ||||||||||||||||||||||||||||
Valley View Mall, Roanoke, VA | 61,027 | 15,985 | 77,771 | 17,615 | — | 15,999 | 95,372 | 111,371 | (25,501 | ) | 2003 | ||||||||||||||||||||||||||||
Volusia Mall, Daytona Beach, FL | 51,586 | 2,526 | 120,242 | 15,885 | — | 6,431 | 132,222 | 138,653 | (32,570 | ) | 2004 | ||||||||||||||||||||||||||||
Walnut Square, Dalton, GA | — | 50 | 15,138 | 16,746 | — | 50 | 31,884 | 31,934 | (17,164 | ) | 1984-1985 | ||||||||||||||||||||||||||||
Wausau Center, Wausau, WI | 18,790 | 5,231 | 24,705 | 16,901 | (5,231 | ) | — | 41,606 | 41,606 | (16,347 | ) | 2001 | |||||||||||||||||||||||||||
West Towne Mall, Madison, WI | 96,811 | 9,545 | 83,084 | 44,443 | — | 9,545 | 127,527 | 137,072 | (40,435 | ) | 2002 | ||||||||||||||||||||||||||||
WestGate Mall, Spartanburg, SC | 38,818 | 2,149 | 23,257 | 45,178 | (432 | ) | 1,742 | 68,410 | 70,152 | (32,855 | ) | 1995 | |||||||||||||||||||||||||||
Westmoreland Mall, Greensburg, PA | — | 4,621 | 84,215 | 15,056 | — | 4,621 | 99,271 | 103,892 | (32,316 | ) | 2002 | ||||||||||||||||||||||||||||
York Galleria, York, PA | 53,093 | 5,757 | 63,316 | 9,176 | — | 5,757 | 72,492 | 78,249 | (27,200 | ) | 1995 | ||||||||||||||||||||||||||||
ASSOCIATED CENTERS: | |||||||||||||||||||||||||||||||||||||||
Annex at Monroeville, Monroeville, PA | — | 716 | 29,496 | (707 | ) | — | 716 | 28,789 | 29,505 | (6,846 | ) | 2004 | |||||||||||||||||||||||||||
Bonita Lakes Crossing, Meridian, MS | — | 794 | 4,786 | 8,679 | — | 794 | 13,465 | 14,259 | (5,286 | ) | 1997 | ||||||||||||||||||||||||||||
Chapel Hill Suburban, Akron, OH | — | 925 | 2,520 | 935 | — | 925 | 3,455 | 4,380 | (948 | ) | 2004 | ||||||||||||||||||||||||||||
CoolSprings Crossing, Nashville, TN | 12,427 | 2,803 | 14,985 | 4,549 | — | 3,554 | 18,783 | 22,337 | (10,576 | ) | 1991-1993 | ||||||||||||||||||||||||||||
Courtyard at Hickory Hollow, Nashville, TN | — | 3,314 | 2,771 | (2,099 | ) | (231 | ) | 1,500 | 2,255 | 3,755 | (142 | ) | 1998 | ||||||||||||||||||||||||||
EastGate Crossing, Cincinnati, OH | 15,024 | 707 | 2,424 | 7,963 | (11 | ) | 696 | 10,387 | 11,083 | (3,149 | ) | 2001 | |||||||||||||||||||||||||||
Foothills Plaza, Maryville, TN | — | 269 | 4,092 | 1,478 | — | 289 | 5,550 | 5,839 | (3,466 | ) | 1984-1988 | ||||||||||||||||||||||||||||
Frontier Square, Cheyenne, WY | — | 346 | 684 | 374 | (86 | ) | 260 | 1,058 | 1,318 | (595 | ) | 1985 | |||||||||||||||||||||||||||
Gunbarrel Pointe, Chattanooga, TN | 11,067 | 4,170 | 10,874 | 3,380 | — | 4,170 | 14,254 | 18,424 | (4,451 | ) | 2000 | ||||||||||||||||||||||||||||
Hamilton Corner, Chattanooga, TN | 15,289 | 630 | 5,532 | 5,845 | — | 734 | 11,273 | 12,007 | (5,483 | ) | 1986-1987 | ||||||||||||||||||||||||||||
Hamilton Crossing, Chattanooga, TN | 10,075 | 4,014 | 5,906 | 6,705 | (1,370 | ) | 2,644 | 12,611 | 15,255 | (5,691 | ) | 1987 | |||||||||||||||||||||||||||
Harford Annex , Bel Air, MD | — | 2,854 | 9,718 | 853 | — | 2,854 | 10,571 | 13,425 | (2,629 | ) | 2003 | ||||||||||||||||||||||||||||
The Landing at Arbor Place, Douglasville, GA | — | 4,993 | 14,330 | 1,487 | (748 | ) | 4,245 | 15,817 | 20,062 | (7,248 | ) | 1998-1999 | |||||||||||||||||||||||||||
Layton Hills Convenience Center, Layton Hills, UT | — | — | 8 | 954 | — | — | 962 | 962 | (273 | ) | 2005 | ||||||||||||||||||||||||||||
Layton Hills Plaza, Layton Hills, UT | — | — | 2 | 299 | — | — | 301 | 301 | (133 | ) | 2005 | ||||||||||||||||||||||||||||
Madison Plaza , Huntsville, AL | — | 473 | 2,888 | 3,678 | — | 473 | 6,566 | 7,039 | (4,052 | ) | 1984 | ||||||||||||||||||||||||||||
The Plaza at Fayette, Lexington, KY | 39,833 | 9,531 | 27,646 | 4,191 | — | 9,531 | 31,837 | 41,368 | (8,294 | ) | 2006 | ||||||||||||||||||||||||||||
Parkdale Crossing, Beaumont, TX | — | 2,994 | 7,408 | 2,088 | (355 | ) | 2,639 | 9,496 | 12,135 | (2,720 | ) | 2002 | |||||||||||||||||||||||||||
The Shoppes At Hamilton Place, Chattanooga, TN | — | 4,894 | 11,700 | 1,407 | — | 4,894 | 13,107 | 18,001 | (3,384 | ) | 2003 | ||||||||||||||||||||||||||||
Sunrise Commons, Brownsville, TX | — | 1,013 | 7,525 | 1,108 | — | 1,013 | 8,633 | 9,646 | (2,311 | ) | 2003 | ||||||||||||||||||||||||||||
The Shoppes at St. Clair Square, Fairview Heights, IL | 20,187 | 8,250 | 23,623 | 460 | (5,044 | ) | 3,206 | 24,083 | 27,289 | (6,419 | ) | 2007 | |||||||||||||||||||||||||||
The Terrace, Chattanooga, TN | 13,963 | 4,166 | 9,929 | 8,097 | — | 6,536 | 15,656 | 22,192 | (4,320 | ) | 1997 | ||||||||||||||||||||||||||||
West Towne Crossing, Madison, WI | — | 1,151 | 2,955 | 312 | — | 1,151 | 3,267 | 4,418 | (1,013 | ) | 1998 | ||||||||||||||||||||||||||||
Initial Cost(A) | Gross Amounts at Which Carried at Close of Period | ||||||||||||||||||||||||||||||||||||||
Description /Location | Encumbrances | Land | Buildings and Improvements | Costs | Sales of Outparcel | Land | Buildings and Improvements | Total (C) | Accumulated Depreciation (D) | Date of Construction | |||||||||||||||||||||||||||||
(B) | Capitalized Subsequent to Acquisition | Land | / Acquisition | ||||||||||||||||||||||||||||||||||||
WestGate Crossing, Spartanburg, SC | — | 1,082 | 3,422 | 6,180 | — | 1,082 | 9,602 | 10,684 | (3,563 | ) | 1997 | ||||||||||||||||||||||||||||
Westmoreland Crossing, Greensburg, PA | — | 2,898 | 21,167 | 8,955 | — | 2,898 | 30,122 | 33,020 | (8,271 | ) | 2002 | ||||||||||||||||||||||||||||
COMMUNITY CENTERS: | |||||||||||||||||||||||||||||||||||||||
Cobblestone Village, Palm Coast, FL | — | 6,082 | 12,070 | (567 | ) | (220 | ) | 4,296 | 13,069 | 17,365 | (2,123 | ) | 2007 | ||||||||||||||||||||||||||
The Crossing at Marshalls Creek, Marshalls Creek, PA | — | 6,456 | 15,351 | — | — | 6,456 | 15,351 | 21,807 | (286 | ) | 2013 | ||||||||||||||||||||||||||||
The Promenade, D'lberville, MS | 51,300 | 16,278 | 48,806 | 14,529 | (706 | ) | 15,879 | 63,028 | 78,907 | (8,088 | ) | 2009 | |||||||||||||||||||||||||||
The Forum at Grand View, Madison , MS | — | 9,234 | 17,285 | 14,710 | (288 | ) | 9,048 | 31,893 | 40,941 | (2,148 | ) | 2010 | |||||||||||||||||||||||||||
Pemberton Plaza, Vicksburg, MS | — | 1,284 | 1,379 | 431 | — | 1,284 | 1,810 | 3,094 | (578 | ) | 2004 | ||||||||||||||||||||||||||||
Statesboro Crossing, Statesboro, GA | 11,337 | 2,855 | 17,805 | 362 | (235 | ) | 2,840 | 17,947 | 20,787 | (2,982 | ) | 2008 | |||||||||||||||||||||||||||
Waynesville Commons, Waynesville, NC | — | 3,511 | 6,141 | 13 | — | 3,511 | 6,154 | 9,665 | (220 | ) | 2008 | ||||||||||||||||||||||||||||
OFFICE BUILDINGS: | |||||||||||||||||||||||||||||||||||||||
840 Greenbrier Circle, Chesapeake, VA | — | 2,096 | 3,091 | (102 | ) | — | 2,096 | 2,989 | 5,085 | (743 | ) | 2007 | |||||||||||||||||||||||||||
850 Greenbrier Circle, Chesapeake, VA | — | 3,154 | 6,881 | (345 | ) | — | 3,154 | 6,536 | 9,690 | (1,225 | ) | 2007 | |||||||||||||||||||||||||||
CBL Center, Chattanooga, TN | 21,095 | 140 | 24,675 | (12 | ) | — | 140 | 24,663 | 24,803 | (12,273 | ) | 2001 | |||||||||||||||||||||||||||
CBL Center II, Chattanooga, TN | — | — | 13,648 | 1,039 | — | — | 14,687 | 14,687 | (3,283 | ) | 2008 | ||||||||||||||||||||||||||||
Oak Branch Business Center, Greensboro, NC | — | 535 | 2,192 | (151 | ) | — | 535 | 2,041 | 2,576 | (436 | ) | 2007 | |||||||||||||||||||||||||||
One Oyster Point, Newport News, VA | — | 1,822 | 3,623 | 2 | — | 1,822 | 3,625 | 5,447 | (610 | ) | 2007 | ||||||||||||||||||||||||||||
Pearland Hotel, Pearland, TX | — | — | 16,149 | 328 | — | — | 16,477 | 16,477 | (3,019 | ) | 2008 | ||||||||||||||||||||||||||||
Pearland Office, Pearland, TX | — | — | 7,849 | 1,341 | — | — | 9,190 | 9,190 | (662 | ) | 2009 | ||||||||||||||||||||||||||||
Pearland Residential Mgmt, Pearland, TX | — | — | 9,666 | 9 | — | — | 9,675 | 9,675 | (1,456 | ) | 2008 | ||||||||||||||||||||||||||||
Two Oyster Point, Newport News, VA | — | 1,543 | 3,974 | 359 | — | 1,543 | 4,333 | 5,876 | (1,191 | ) | 2007 | ||||||||||||||||||||||||||||
DISPOSITIONS: | |||||||||||||||||||||||||||||||||||||||
1500 Sunday Drive, Raleigh, NC | — | 812 | 8,872 | (9,684 | ) | — | — | — | — | — | 2007 | ||||||||||||||||||||||||||||
General Cinema, Athens, GA | — | 100 | 1,082 | (1,182 | ) | — | — | — | — | — | 1984 | ||||||||||||||||||||||||||||
Georgia Square , Athens, GA | — | 2,982 | 31,071 | (34,053 | ) | — | — | — | — | — | 1984 | ||||||||||||||||||||||||||||
Lake Point Office Building, Greensboro, NC | — | 1,435 | 14,261 | (15,696 | ) | — | — | — | — | 2007 | |||||||||||||||||||||||||||||
Panama City Mall, Panama City, FL | — | 9,017 | 37,454 | (46,471 | ) | — | — | — | — | — | 2002 | ||||||||||||||||||||||||||||
Peninsula Business Center I, Newport News | — | 887 | 1,440 | (2,327 | ) | — | — | — | — | — | 2007 | ||||||||||||||||||||||||||||
Peninsula Business Center II, Newport News | — | 1,654 | 873 | (2,527 | ) | — | — | — | — | — | 2007 | ||||||||||||||||||||||||||||
RiverGate Mall, Nashville, TN | — | 17,896 | 86,767 | (104,663 | ) | — | — | — | — | — | 1998 | ||||||||||||||||||||||||||||
Summit Fair land, Lee's Summit, MO | — | 10,992 | — | (10,992 | ) | — | — | — | — | — | 2010 | ||||||||||||||||||||||||||||
Initial Cost(A) | Gross Amounts at Which Carried at Close of Period | ||||||||||||||||||||||||||||||||||||||
Description /Location | Encumbrances | Land | Buildings and Improvements | Costs | Sales of Outparcel | Land | Buildings and Improvements | Total (C) | Accumulated Depreciation (D) | Date of Construction | |||||||||||||||||||||||||||||
(B) | Capitalized Subsequent to Acquisition | Land | / Acquisition | ||||||||||||||||||||||||||||||||||||
SunTrust Bank Building, Greensboro, NC | — | 941 | 18,417 | (19,358 | ) | — | — | — | — | — | 2007 | ||||||||||||||||||||||||||||
The Shoppes at Panama City Mall, Panama City, FL | — | 1,010 | 8,294 | (9,304 | ) | — | — | — | — | — | 2004 | ||||||||||||||||||||||||||||
Village at RiverGate, Nashville, TN | — | 2,641 | 2,808 | (5,449 | ) | — | — | — | — | — | 1998 | ||||||||||||||||||||||||||||
Other (E) | 2,983 | 1,489 | 2,651 | 56 | (214 | ) | 1,279 | 2,703 | 3,982 | (2,376 | ) | ||||||||||||||||||||||||||||
Developments in progress consisting of construction | — | — | 139,383 | — | — | — | 139,383 | 139,383 | — | ||||||||||||||||||||||||||||||
and Development Properties | |||||||||||||||||||||||||||||||||||||||
TOTALS | $ | 3,723,076 | $ | 939,366 | $ | 5,992,352 | $ | 1,224,759 | $ | (32,963 | ) | $ | 858,619 | $ | 7,264,895 | $ | 8,123,514 | $ | (2,056,357 | ) | |||||||||||||||||||
(A) | Initial cost represents the total cost capitalized including carrying cost at the end of the first fiscal year in which the property opened or was acquired. | ||||||||||||||||||||||||||||||||||||||
(B) | Encumbrances represent the face amount of the mortgage and other indebtedness balance at December 31, 2013, excluding debt premium or discount. | ||||||||||||||||||||||||||||||||||||||
(C) | The aggregate cost of land and buildings and improvements for federal income tax purposes is approximately $7.865 billion. | ||||||||||||||||||||||||||||||||||||||
(D) | Depreciation for all properties is computed over the useful life which is generally 40 years for buildings, 10-20 years for certain improvements and 7-10 years for equipment and fixtures. | ||||||||||||||||||||||||||||||||||||||
(E) | Includes non-property mortgages and unsecured credit line mortgages. | ||||||||||||||||||||||||||||||||||||||
CBL & ASSOCIATES PROPERTIES, INC. | |||||||||||||||||||||||||||||||||||||||
REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION | |||||||||||||||||||||||||||||||||||||||
The changes in real estate assets and accumulated depreciation for the years ending December 31, 2013, 2012, and 2011 are set forth below (in thousands): | |||||||||||||||||||||||||||||||||||||||
Year Ended December 31, | |||||||||||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||||
REAL ESTATE ASSETS: | |||||||||||||||||||||||||||||||||||||||
Balance at beginning of period | $ | 8,301,013 | $ | 7,767,819 | $ | 8,611,331 | |||||||||||||||||||||||||||||||||
Additions during the period: | |||||||||||||||||||||||||||||||||||||||
Additions and improvements | 282,664 | 217,161 | 201,359 | ||||||||||||||||||||||||||||||||||||
Acquisitions of real estate assets | 29,912 | 474,623 | 11,197 | ||||||||||||||||||||||||||||||||||||
Deductions during the period: | |||||||||||||||||||||||||||||||||||||||
Disposals, deconsolidations and accumulated depreciation on impairments | (412,976 | ) | (108,554 | ) | (999,685 | ) | |||||||||||||||||||||||||||||||||
Transfers from real estate assets | (8,031 | ) | 808 | (476 | ) | ||||||||||||||||||||||||||||||||||
Impairment of real estate assets | (69,068 | ) | (50,844 | ) | (55,907 | ) | |||||||||||||||||||||||||||||||||
Balance at end of period | $ | 8,123,514 | $ | 8,301,013 | $ | 7,767,819 | |||||||||||||||||||||||||||||||||
ACCUMULATED DEPRECIATION: | |||||||||||||||||||||||||||||||||||||||
Balance at beginning of period | $ | 1,972,031 | $ | 1,762,149 | $ | 1,721,194 | |||||||||||||||||||||||||||||||||
Depreciation expense | 253,142 | 247,702 | 260,847 | ||||||||||||||||||||||||||||||||||||
Accumulated depreciation on real estate assets sold, retired, impaired or deconsolidated | (168,816 | ) | (37,820 | ) | (219,892 | ) | |||||||||||||||||||||||||||||||||
Balance at end of period | $ | 2,056,357 | $ | 1,972,031 | $ | 1,762,149 | |||||||||||||||||||||||||||||||||
Schedule_IV_Mortgage_Notes_Rec
Schedule IV - Mortgage Notes Receivable on Real Estate | 12 Months Ended | |||||||||||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||||||||||
Mortgage Loans on Real Estate [Abstract] | ' | |||||||||||||||||||||||||||||||
Mortgage Notes Receivable on Real Estate | ' | |||||||||||||||||||||||||||||||
Schedule IV | ||||||||||||||||||||||||||||||||
CBL & ASSOCIATES PROPERTIES, INC. | ||||||||||||||||||||||||||||||||
CBL & ASSOCIATES LIMITED PARTNERSHIP | ||||||||||||||||||||||||||||||||
MORTGAGE NOTES RECEIVABLE ON REAL ESTATE | ||||||||||||||||||||||||||||||||
At December 31, 2013 | ||||||||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||||||
Name Of Center/Location | Interest | Final Maturity Date | Monthly | Balloon Payment | Prior | Face | Carrying | Principal | ||||||||||||||||||||||||
Rate | Payment | At | Liens | Amount Of | Amount Of | Amount Of | ||||||||||||||||||||||||||
Amount (1) | Maturity | Mortgage | Mortgage (2) | Mortgage | ||||||||||||||||||||||||||||
Subject To | ||||||||||||||||||||||||||||||||
Delinquent | ||||||||||||||||||||||||||||||||
Principal | ||||||||||||||||||||||||||||||||
Or Interest | ||||||||||||||||||||||||||||||||
FIRST MORTGAGES: | ||||||||||||||||||||||||||||||||
Coastal Grand-Myrtle Beach - Myrtle Beach, SC | 7.75 | % | Oct-14 | $ | 58 | (3 | ) | $ | 9,000 | None | $ | 9,000 | $ | 9,000 | $ | — | ||||||||||||||||
One Park Place - Chattanooga, TN | 5 | % | May-22 | 21 | — | None | 3,200 | 1,738 | — | |||||||||||||||||||||||
Village Square - Houghton Lake, MI and Village at Wexford - Cadillac, MI | 4.5 | % | -4 | Mar-15 | 10 | (3 | ) | 2,600 | None | 2,627 | 2,600 | — | ||||||||||||||||||||
OTHER | 2.67% - | -5 | Dec-2016/ | 17 | 3,340 | 5,782 | 5,782 | — | ||||||||||||||||||||||||
9.50% | Jan-2047 | |||||||||||||||||||||||||||||||
$ | 106 | $ | 14,940 | $ | 20,609 | $ | 19,120 | $ | — | |||||||||||||||||||||||
(1) Equal monthly installments comprised of principal and interest, unless otherwise noted. | ||||||||||||||||||||||||||||||||
(2) The aggregate carrying value for federal income tax purposes was $19,120 at December 31, 2013. | ||||||||||||||||||||||||||||||||
(3) Payment represents interest only. | ||||||||||||||||||||||||||||||||
(4) Interest rate increases to 4.75% on April 1, 2014. | ||||||||||||||||||||||||||||||||
(5) Mortgage notes receivable aggregated in Other include a variable-rate note that bears interest at prime plus 2.0%, currently at 5.25%, and a variable-rate note that bears interest at LIBOR plus 2.50%. | ||||||||||||||||||||||||||||||||
The changes in mortgage notes receivable were as follows (in thousands): | ||||||||||||||||||||||||||||||||
Year Ended December 31, | ||||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||||||||||
Beginning balance | $ | 19,383 | $ | 34,239 | $ | 30,519 | ||||||||||||||||||||||||||
Additions | — | — | 15,334 | |||||||||||||||||||||||||||||
Receipt of land in lieu of payment | — | — | (2,235 | ) | ||||||||||||||||||||||||||||
Non-cash transfer | — | (12,741 | ) | — | ||||||||||||||||||||||||||||
Write-off of uncollectable amounts | — | — | (1,900 | ) | ||||||||||||||||||||||||||||
Payments | (263 | ) | (2,115 | ) | (7,479 | ) | ||||||||||||||||||||||||||
Ending balance | $ | 19,120 | $ | 19,383 | $ | 34,239 | ||||||||||||||||||||||||||
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 12 Months Ended | |
Dec. 31, 2013 | ||
Accounting Policies [Abstract] | ' | |
Basis of Presentation | ' | |
Basis of Presentation | ||
This Form 10-K provides separate consolidated financial statements for the Company and the Operating Partnership. Due to the Company's ability as general partner to control the Operating Partnership, the Company consolidates the Operating Partnership within its consolidated financial statements for financial reporting purposes. The notes to consolidated financial statements apply to both the Company and the Operating Partnership, unless specifically noted otherwise. | ||
The accompanying consolidated financial statements include the consolidated accounts of the Company, the Operating Partnership and their wholly owned subsidiaries, as well as entities in which the Company has a controlling financial interest or entities where the Company is deemed to be the primary beneficiary of a VIE. For entities in which the Company has less than a controlling financial interest or entities where the Company is not deemed to be the primary beneficiary of a VIE, the entities are accounted for using the equity method of accounting. Accordingly, the Company's share of the net earnings or losses of these entities is included in consolidated net income. The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). All intercompany transactions have been eliminated. | ||
Certain historical amounts have been reclassified to conform to the current year presentation. The financial results of certain Properties are reported as discontinued operations in the consolidated financial statements. Except where noted, the information presented in the Notes to Consolidated Financial Statements excludes discontinued operations. | ||
Accounting Guidance Adopted | ' | |
Accounting Guidance Adopted | ||
In February 2013, the FASB issued ASU 2013-02. The objective of ASU 2013-02 is to improve reporting of reclassifications out of AOCI by presenting information about such reclassifications and their corresponding effect on net income primarily in one place, either on the face of the financial statements or in the notes. ASU 2013-02 requires an entity to disclose information by component for significant amounts reclassified out of AOCI if the amounts reclassified are required to be reclassified under GAAP to net income in their entirety in the same reporting period. For amounts not required under GAAP to be reclassified in their entirety to net income, an entity is required to cross-reference to other disclosures that provide additional details about those amounts. For public companies, this guidance was effective on a prospective basis for fiscal years, and interim periods within those years, beginning after December 15, 2012. ASU 2013-02 did not change the calculation of or amounts reported as net income and comprehensive income but did change the presentation of the components of AOCI reported in the Company's consolidated financial statements. | ||
In July 2013, the FASB issued ASU 2013-10. ASU 2013-10 permits the OIS Rate, also referred to as the Fed Funds Effective Swap Rate, to be used as a U.S. benchmark for hedge accounting purposes, in addition to LIBOR and interest rates on direct U.S. Treasury obligations. The guidance also removes the restriction on using different benchmarks for similar hedges. ASU 2013-10 is effective prospectively for qualifying new or redesignated hedges entered into on or after July 17, 2013. The adoption of this guidance did not have a material effect on the Company's consolidated financial statements. | ||
Accounting Pronouncements Not Yet Effective | ' | |
Accounting Pronouncements Not Yet Effective | ||
In February 2013, the FASB issued ASU 2013-04. ASU 2013-04 addresses the diversity in practice related to the recognition, measurement and disclosure of certain obligations which are not addressed within existing GAAP guidance. Such obligations under the scope of ASU 2013-04 include debt arrangements, other contractual obligations, settled litigation and judicial rulings. The guidance requires an entity to measure these joint and several obligations as the sum of the amount the reporting entity agreed to pay on the basis of its arrangement among its co-obligors as well as any additional amount the reporting entity expects to pay on behalf of its co-obligors. ASU 2013-04 also requires an entity to disclose information about the nature and amount of these obligations. For public companies, ASU 2013-04 is effective on a retrospective basis for fiscal years, and interim periods within those years, beginning after December 15, 2013. The Company may elect to use hindsight for the comparative periods (if the Company changes its accounting as a result of the adoption of this guidance). Early adoption is permitted. The Company is evaluating the impact that this update may have on its consolidated financial statements. | ||
In July 2013, the FASB issued ASU 2013-11. The objective of this update is to reduce the diversity in practice related to the presentation of certain unrecognized tax benefits. ASU 2013-11 provides that unrecognized tax benefits are to be presented as a reduction of a deferred tax asset for an NOL carryforward, a similar tax loss or a tax credit carryforward when settlement in this manner is available under the governing tax law. To the extent such an NOL carryforward, a similar tax loss or a tax credit carryforward is not available at the reporting date under the governing tax law to settle taxes that would result from the disallowance of the tax position or the entity does not intend to use the deferred tax asset for this purpose, the unrecognized tax benefit is to be recorded as a liability in the financial statements and should not be netted with a deferred tax asset. ASU 2013-11 is effective for public companies for fiscal years beginning after December 15, 2013 and interim periods within those years. The guidance should be applied prospectively to all unrecognized tax benefits that exist at the effective date. Early adoption and retrospective application are permitted. The Company is evaluating the impact that this update may have on its consolidated financial statements. | ||
Real Estate Assets | ' | |
Real Estate Assets | ||
The Company capitalizes predevelopment project costs paid to third parties. All previously capitalized predevelopment costs are expensed when it is no longer probable that the project will be completed. Once development of a project commences, all direct costs incurred to construct the project, including interest and real estate taxes, are capitalized. Additionally, certain general and administrative expenses are allocated to the projects and capitalized based on the amount of time applicable personnel work on the development project. Ordinary repairs and maintenance are expensed as incurred. Major replacements and improvements are capitalized and depreciated over their estimated useful lives. | ||
All acquired real estate assets have been accounted for using the acquisition method of accounting and accordingly, the results of operations are included in the consolidated statements of operations from the respective dates of acquisition. The Company allocates the purchase price to (i) tangible assets, consisting of land, buildings and improvements, as if vacant, and tenant improvements, and (ii) identifiable intangible assets and liabilities, generally consisting of above-market leases, in-place leases and tenant relationships, which are included in other assets, and below-market leases, which are included in accounts payable and accrued liabilities. The Company uses estimates of fair value based on estimated cash flows, using appropriate discount rates, and other valuation techniques to allocate the purchase price to the acquired tangible and intangible assets. Liabilities assumed generally consist of mortgage debt on the real estate assets acquired. Assumed debt is recorded at its fair value based on estimated market interest rates at the date of acquisition. | ||
Depreciation is computed on a straight-line basis over estimated lives of 40 years for buildings, 10 to 20 years for certain improvements and 7 to 10 years for equipment and fixtures. Tenant improvements are capitalized and depreciated on a straight-line basis over the term of the related lease. Lease-related intangibles from acquisitions of real estate assets are generally amortized over the remaining terms of the related leases. The amortization of above- and below-market leases is recorded as an adjustment to minimum rental revenue, while the amortization of all other lease-related intangibles is recorded as amortization expense. Any difference between the face value of the debt assumed and its fair value is amortized to interest expense over the remaining term of the debt using the effective interest method. | ||
Carrying Value of Long-Lived Assets | ' | |
Carrying Value of Long-Lived Assets | ||
The Company evaluates the carrying value of long-lived assets to be held and used when events or changes in circumstances warrant such a review. The carrying value of a long-lived asset is considered impaired when its estimated future undiscounted cash flows are less than its carrying value. The Company estimates fair value using the undiscounted cash flows expected to be generated by each Property, which are based on a number of assumptions such as leasing expectations, operating budgets, estimated useful lives, future maintenance expenditures, intent to hold for use and capitalization rates. If it is determined that impairment has occurred, the amount of the impairment charge is equal to the excess of the asset’s carrying value over its estimated fair value. These assumptions are subject to economic and market uncertainties including, but not limited to, demand for space, competition for tenants, changes in market rental rates and costs to operate each Property. As these factors are difficult to predict and are subject to future events that may alter the assumptions used, the future cash flows estimated in the Company’s impairment analyses may not be achieved. See Note 4 and Note 15 for information related to the impairment of long-lived assets for 2013, 2012 and 2011. | ||
Cash and Cash Equivalents | ' | |
Cash and Cash Equivalents | ||
The Company considers all highly liquid investments with original maturities of three months or less as cash equivalents. | ||
Restricted Cash | ' | |
Restricted Cash | ||
Restricted cash of $46,252 and $42,880 was included in intangible lease assets and other assets at December 31, 2013 and 2012, respectively. Restricted cash consists primarily of cash held in escrow accounts for debt service, insurance, real estate taxes, capital improvements and deferred maintenance as required by the terms of certain mortgage notes payable, as well as contributions from tenants to be used for future marketing activities. The Company’s restricted cash included $81 and $110 as of December 31, 2013 and 2012, respectively, related to funds held in a trust account for certain construction costs associated with our developments. | ||
Allowance for Double Accounts | ' | |
Allowance for Doubtful Accounts | ||
The Company periodically performs a detailed review of amounts due from tenants to determine if accounts receivable balances are realizable based on factors affecting the collectability of those balances. The Company’s estimate of the allowance for doubtful accounts requires management to exercise significant judgment about the timing, frequency and severity of collection losses, which affects the allowance and net income. The Company recorded a provision for doubtful accounts of $1,253, $798 and $1,670 for 2013, 2012 and 2011, respectively. | ||
Investments in Unconsolidated Affiliates | ' | |
Investments in Unconsolidated Affiliates | ||
The Company evaluates its joint venture arrangements to determine whether they should be recorded on a consolidated basis. The percentage of ownership interest in the joint venture, an evaluation of control and whether a VIE exists are all considered in the Company’s consolidation assessment. | ||
Initial investments in joint ventures that are in economic substance a capital contribution to the joint venture are recorded in an amount equal to the Company’s historical carryover basis in the real estate contributed. Initial investments in joint ventures that are in economic substance the sale of a portion of the Company’s interest in the real estate are accounted for as a contribution of real estate recorded in an amount equal to the Company’s historical carryover basis in the ownership percentage retained and as a sale of real estate with profit recognized to the extent of the other joint venturers’ interests in the joint venture. Profit recognition assumes the Company has no commitment to reinvest with respect to the percentage of the real estate sold and the accounting requirements of the full accrual method are met. | ||
The Company accounts for its investment in joint ventures where it owns a non-controlling interest or where it is not the primary beneficiary of a VIE using the equity method of accounting. Under the equity method, the Company’s cost of investment is adjusted for its share of equity in the earnings of the unconsolidated affiliate and reduced by distributions received. Generally, distributions of cash flows from operations and capital events are first made to partners to pay cumulative unpaid preferences on unreturned capital balances and then to the partners in accordance with the terms of the joint venture agreements. | ||
Any differences between the cost of the Company’s investment in an unconsolidated affiliate and its underlying equity as reflected in the unconsolidated affiliate’s financial statements generally result from costs of the Company’s investment that are not reflected on the unconsolidated affiliate’s financial statements, capitalized interest on its investment and the Company’s share of development and leasing fees that are paid by the unconsolidated affiliate to the Company for development and leasing services provided to the unconsolidated affiliate during any development periods. At December 31, 2013 and 2012, the components of the net difference between the Company’s investment in unconsolidated affiliates and the underlying equity of unconsolidated affiliates, which are amortized over a period equal to the useful life of the unconsolidated affiliates' asset/liability that is related to the basis difference, was $14,650 and $11,674, respectively. | ||
On a periodic basis, the Company assesses whether there are any indicators that the fair value of the Company's investments in unconsolidated affiliates may be impaired. An investment is impaired only if the Company’s estimate of the fair value of the investment is less than the carrying value of the investment and such decline in value is deemed to be other than temporary. To the extent impairment has occurred, the loss is measured as the excess of the carrying amount of the investment over the estimated fair value of the investment. The Company's estimates of fair value for each investment are based on a number of assumptions that are subject to economic and market uncertainties including, but not limited to, demand for space, competition for tenants, changes in market rental rates, and operating costs. As these factors are difficult to predict and are subject to future events that may alter the Company’s assumptions, the fair values estimated in the impairment analyses may not be realized. | ||
No impairments of investments in unconsolidated affiliates were recorded in 2013, 2012 and 2011. | ||
Deferred Financing Costs | ' | |
Deferred Financing Costs | ||
Net deferred financing costs of $25,061 and $24,821 were included in intangible lease assets and other assets at December 31, 2013 and 2012, respectively. Deferred financing costs include fees and costs incurred to obtain financing and are amortized on a straight-line basis to interest expense over the terms of the related indebtedness. Amortization expense was $7,468, $10,263 and $11,744 in 2013, 2012 and 2011, respectively. Accumulated amortization was $14,656 and $8,932 as of December 31, 2013 and 2012, respectively. | ||
Marketable Securities | ' | |
Marketable Securities | ||
Intangible lease assets and other assets include marketable securities consisting of corporate equity securities and bonds that are classified as available-for-sale. Unrealized gains and losses on available-for-sale securities that are deemed to be temporary in nature are recorded as a component of accumulated other comprehensive income (loss) ("AOCI/L") in redeemable noncontrolling interests, shareholders’ equity and partners' capital, and noncontrolling interests. Realized gains and losses are recorded in other income. Gains or losses on securities sold are based on the specific identification method. The Company did not recognize any realized gains or losses related to sales of marketable securities in 2013. The Company recognized net realized gains on sales of available-for-sale securities of $224 in 2012 and net realized losses on sales of available-for-sale securities of $22 in 2011. | ||
If a decline in the value of an investment is deemed to be other than temporary, the investment is written down to fair value and an impairment loss is recognized in the current period to the extent of the decline in value. In determining when a decline in fair value below cost of an investment in marketable securities is other-than-temporary, the following factors, among others, are evaluated: | ||
• | the probability of recovery; | |
• | the Company’s ability and intent to retain the security for a sufficient period of time for it to recover; | |
• | the significance of the decline in value; | |
• | the time period during which there has been a significant decline in value; | |
• | current and future business prospects and trends of earnings; | |
• | relevant industry conditions and trends relative to their historical cycles; and | |
• | market conditions. | |
There were no other-than-temporary impairments of marketable securities incurred during 2013, 2012 and 2011. | ||
Interest Rate Hedging Instruments | ' | |
Interest Rate Hedging Instruments | ||
The Company recognizes its derivative financial instruments in either accounts payable and accrued liabilities or intangible lease assets and other assets, as applicable, in the consolidated balance sheets and measures those instruments at fair value. The accounting for changes in the fair value (i.e., gain or loss) of a derivative depends on whether it has been designated and qualifies as part of a hedging relationship, and further, on the type of hedging relationship. To qualify as a hedging instrument, a derivative must pass prescribed effectiveness tests, performed quarterly using both qualitative and quantitative methods. The Company has entered into derivative agreements as of December 31, 2013 and 2012 that qualify as hedging instruments and were designated, based upon the exposure being hedged, as cash flow hedges. The fair value of these cash flow hedges as of December 31, 2013 and 2012 was $4,007 and $5,805, respectively, and is included in accounts payable and accrued liabilities in the accompanying consolidated balance sheets. To the extent they are effective, changes in the fair values of cash flow hedges are reported in other comprehensive income (loss) and reclassified into earnings in the same period or periods during which the hedged item affects earnings. The ineffective portion of the hedge, if any, is recognized in current earnings during the period of change in fair value. The gain or loss on the termination of an effective cash flow hedge is reported in other comprehensive income (loss) and reclassified into earnings in the same period or periods during which the hedged item affects earnings. The Company also assesses the credit risk that the counterparty will not perform according to the terms of the contract. | ||
Revenue Recognition | ' | |
Revenue Recognition | ||
Minimum rental revenue from operating leases is recognized on a straight-line basis over the initial terms of the related leases. Certain tenants are required to pay percentage rent if their sales volumes exceed thresholds specified in their lease agreements. Percentage rent is recognized as revenue when the thresholds are achieved and the amounts become determinable. | ||
The Company receives reimbursements from tenants for real estate taxes, insurance, common area maintenance and other recoverable operating expenses as provided in the lease agreements. Tenant reimbursements are recognized when earned in accordance with the tenant lease agreements. Tenant reimbursements related to certain capital expenditures are billed to tenants over periods of 5 to 15 years and are recognized as revenue in accordance with underlying lease terms. | ||
The Company receives management, leasing and development fees from third parties and unconsolidated affiliates. Management fees are charged as a percentage of revenues (as defined in the management agreement) and are recognized as revenue when earned. Development fees are recognized as revenue on a pro rata basis over the development period. Leasing fees are charged for newly executed leases and lease renewals and are recognized as revenue when earned. Development and leasing fees received from an unconsolidated affiliate during the development period are recognized as revenue only to the extent of the third-party partner’s ownership interest. Development and leasing fees during the development period, to the extent of the Company’s ownership interest, are recorded as a reduction to the Company’s investment in the unconsolidated affiliate. | ||
Gains on Sales of Real Estate Assets | ' | |
Gain on Sales of Real Estate Assets | ||
Gain on sales of real estate assets is recognized when it is determined that the sale has been consummated, the buyer’s initial and continuing investment is adequate, the Company’s receivable, if any, is not subject to future subordination, and the buyer has assumed the usual risks and rewards of ownership of the asset. When the Company has an ownership interest in the buyer, gain is recognized to the extent of the third party partner’s ownership interest and the portion of the gain attributable to the Company’s ownership interest is deferred. | ||
Income Taxes | ' | |
Income Taxes | ||
The Company is qualified as a REIT under the provisions of the Internal Revenue Code. To maintain qualification as a REIT, the Company is required to distribute at least 90% of its taxable income to shareholders and meet certain other requirements. | ||
As a REIT, the Company is generally not liable for federal corporate income taxes. If the Company fails to qualify as a REIT in any taxable year, the Company will be subject to federal and state income taxes on its taxable income at regular corporate tax rates. Even if the Company maintains its qualification as a REIT, the Company may be subject to certain state and local taxes on its income and property, and to federal income and excise taxes on its undistributed income. State tax expense was $3,570, $3,530 and $3,766 during 2013, 2012 and 2011, respectively. | ||
The Company has also elected taxable REIT subsidiary status for some of its subsidiaries. This enables the Company to receive income and provide services that would otherwise be impermissible for REITs. For these entities, deferred tax assets and liabilities are established for temporary differences between the financial reporting basis and the tax basis of assets and liabilities at the enacted tax rates expected to be in effect when the temporary differences reverse. A valuation allowance for deferred tax assets is provided if the Company believes all or some portion of the deferred tax asset may not be realized. An increase or decrease in the valuation allowance that results from the change in circumstances that causes a change in our judgment about the realizability of the related deferred tax asset is included in income or expense, as applicable. The Company recorded an income tax provision of $1,305 and $1,404 in 2013 and 2012, respectively, and an income tax benefit of $269 in 2011. The income tax provision in 2013 consisted of a current income tax benefit of $518 and a deferred income tax provision of $1,823. The income tax provision in 2012 consisted of a current income tax benefit of $1,691 and a deferred income tax provision of $3,095. The income tax benefit in 2011 consisted of a current income tax provision of $5,426 and a deferred income tax benefit of $5,695, | ||
The Company had a net deferred tax asset of $4,893 and $6,607 at December 31, 2013 and 2012, respectively. The net deferred tax asset at December 31, 2013 and 2012 is included in intangible lease assets and other assets and primarily consisted of operating expense accruals and differences between book and tax depreciation. As of December 31, 2013, tax years that generally remain subject to examination by the Company’s major tax jurisdictions include 2010, 2011, 2012 and 2013. | ||
The Company reports any income tax penalties attributable to its properties as property operating expenses and any corporate-related income tax penalties as general and administrative expenses in its statement of operations. In addition, any interest incurred on tax assessments is reported as interest expense. The Company reported nominal interest and penalty amounts in 2013, 2012 and 2011. | ||
Concentration of Credit Risk | ' | |
Concentration of Credit Risk | ||
The Company’s tenants include national, regional and local retailers. Financial instruments that subject the Company to concentrations of credit risk consist primarily of tenant receivables. The Company generally does not obtain collateral or other security to support financial instruments subject to credit risk, but monitors the credit standing of tenants. | ||
The Company derives a substantial portion of its rental income from various national and regional retail companies; however, no single tenant collectively accounted for more than 3.4% of the Company’s total revenues in 2013, 2012 or 2011. | ||
Earnings Per Share | ' | |
Earnings per Share of the Company | ||
Basic earnings per share ("EPS") is computed by dividing net income attributable to common shareholders by the weighted-average number of common shares outstanding for the period. Diluted EPS assumes the issuance of common stock for all potential dilutive common shares outstanding. The limited partners’ rights to convert their noncontrolling interests in the Operating Partnership into shares of common stock are not dilutive. | ||
Earnings per Unit of the Operating Partnership | ||
Basic earnings per unit ("EPU") is computed by dividing net income attributable to common unitholders by the weighted-average number of common units outstanding for the period. Diluted EPU assumes the issuance of common units for all potential dilutive common units outstanding. | ||
Accumulated Other Comprehensive Income | ' | |
Accumulated Other Comprehensive Income of the Company | ||
Comprehensive income of the Company includes all changes in redeemable noncontrolling interests and total equity during the period, except those resulting from investments by shareholders and partners, distributions to shareholders and partners and redemption valuation adjustments. Other comprehensive income (loss) (“OCI/L”) includes changes in unrealized gains (losses) on available-for-sale securities and interest rate hedge agreements. | ||
Accumulated Other Comprehensive Income of the Operating Partnership | ||
Comprehensive income of the Operating Partnership includes all changes in redeemable common units and partners' capital during the period, except those resulting from investments by unitholders, distributions to unitholders and redemption valuation adjustments. OCI/L includes changes in unrealized gains (losses) on available-for-sale securities and interest rate hedge agreements. | ||
Use of Estimates | ' | |
Use of Estimates | ||
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reported period. Actual results could differ from those estimates. |
Summary_of_Significant_Account2
Summary of Significant Accounting Policies (Tables) | 12 Months Ended | |||||||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | |||||||||||||||||||||||||||
Schedule of Intangible Assets and Balance Sheet Classifications | ' | |||||||||||||||||||||||||||
The Company’s intangibles and their balance sheet classifications as of December 31, 2013 and 2012, are summarized as follows: | ||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | |||||||||||||||||||||||||||
Cost | Accumulated | Cost | Accumulated | |||||||||||||||||||||||||
Amortization | Amortization | |||||||||||||||||||||||||||
Intangible lease assets and other assets: | ||||||||||||||||||||||||||||
Above-market leases | $ | 65,932 | $ | (41,230 | ) | $ | 69,360 | $ | (37,454 | ) | ||||||||||||||||||
In-place leases | 111,769 | (60,243 | ) | 117,631 | (46,767 | ) | ||||||||||||||||||||||
Tenant relationships | 27,381 | (4,004 | ) | 27,880 | (3,350 | ) | ||||||||||||||||||||||
Accounts payable and accrued liabilities: | ||||||||||||||||||||||||||||
Below-market leases | 101,901 | (64,046 | ) | 104,012 | (57,625 | ) | ||||||||||||||||||||||
Summary of Equity Securities | ' | |||||||||||||||||||||||||||
The following is a summary of the marketable securities held by the Company as of December 31, 2013 and 2012: | ||||||||||||||||||||||||||||
Gross Unrealized | ||||||||||||||||||||||||||||
Adjusted Cost | Gains | Losses | Fair Value | |||||||||||||||||||||||||
December 31, 2013: | ||||||||||||||||||||||||||||
Common stocks | $ | 4,195 | $ | 9,778 | $ | — | $ | 13,973 | ||||||||||||||||||||
December 31, 2012: | ||||||||||||||||||||||||||||
Common stocks | $ | 4,195 | $ | 12,361 | $ | — | $ | 16,556 | ||||||||||||||||||||
Government and government sponsored entities | 11,123 | — | — | 11,123 | ||||||||||||||||||||||||
$ | 15,318 | $ | 12,361 | $ | — | $ | 27,679 | |||||||||||||||||||||
Summary of Impact of Potential Dilutive Common Shares on the Denominator Used to Compute Earnings Per Share | ' | |||||||||||||||||||||||||||
The following summarizes the impact of potential dilutive common units on the denominator used to compute EPU: | ||||||||||||||||||||||||||||
Year Ended December 31, | ||||||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||||||
Denominator – basic | 196,572 | 190,223 | 190,335 | |||||||||||||||||||||||||
Stock options | — | 3 | 3 | |||||||||||||||||||||||||
Deemed units related to deferred compensation arrangements | — | 42 | 42 | |||||||||||||||||||||||||
Denominator – diluted | 196,572 | 190,268 | 190,380 | |||||||||||||||||||||||||
The following summarizes the impact of potential dilutive common shares on the denominator used to compute EPS: | ||||||||||||||||||||||||||||
Year Ended December 31, | ||||||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||||||
Denominator – basic | 167,027 | 154,762 | 148,289 | |||||||||||||||||||||||||
Stock options | — | 3 | 3 | |||||||||||||||||||||||||
Deemed shares related to deferred compensation arrangements | — | 42 | 42 | |||||||||||||||||||||||||
Denominator – diluted | 167,027 | 154,807 | 148,334 | |||||||||||||||||||||||||
Components of Accumulated Other Comprehensive Income (Loss) | ' | |||||||||||||||||||||||||||
The changes in the components of AOCI for the years ended December 31, 2013 and 2012 are as follows: | ||||||||||||||||||||||||||||
Redeemable | The Company | Noncontrolling Interests | ||||||||||||||||||||||||||
Noncontrolling | ||||||||||||||||||||||||||||
Interests | ||||||||||||||||||||||||||||
Unrealized Gains (Losses) | ||||||||||||||||||||||||||||
Hedging Agreements | Available-for-Sale Securities | Hedging Agreements | Available-for-Sale Securities | Hedging Agreements | Available-for-Sale Securities | Total | ||||||||||||||||||||||
Beginning balance, January 1, 2012 | $ | 377 | $ | 328 | $ | (2,628 | ) | $ | 6,053 | $ | (3,488 | ) | $ | 1,775 | $ | 2,417 | ||||||||||||
OCI before reclassifications | (4 | ) | 23 | 2,139 | 3,510 | (75 | ) | 445 | 6,038 | |||||||||||||||||||
Amounts reclassified from AOCI (1) | — | 2 | (2,267 | ) | 179 | — | 43 | (2,043 | ) | |||||||||||||||||||
Net year-to-date period OCI | (4 | ) | 25 | (128 | ) | 3,689 | (75 | ) | 488 | 3,995 | ||||||||||||||||||
Ending balance, December 31, 2012 | 373 | 353 | (2,756 | ) | 9,742 | (3,563 | ) | 2,263 | 6,412 | |||||||||||||||||||
OCI before reclassifications | 14 | (20 | ) | 3,839 | (2,203 | ) | 259 | $ | (360 | ) | 1,529 | |||||||||||||||||
Amounts reclassified from AOCI (1) | — | — | (2,297 | ) | — | — | — | (2,297 | ) | |||||||||||||||||||
Net year-to-date period OCI | 14 | (20 | ) | 1,542 | (2,203 | ) | 259 | (360 | ) | (768 | ) | |||||||||||||||||
Ending balance, December 31, 2013 | $ | 387 | $ | 333 | $ | (1,214 | ) | $ | 7,539 | $ | (3,304 | ) | $ | 1,903 | $ | 5,644 | ||||||||||||
(1) Reclassified $2,297 and $2,267 of interest on cash flow hedges to Interest Expense in the consolidated statements of operations for the years ended December 31, 2013 and 2012, respectively. Reclassified $224 realized gain on available-for-sale securities to Interest and Other Income in the consolidated statements of operations for the year ended December 31, 2012. | ||||||||||||||||||||||||||||
CBL & Associates Limited Partnership [Member] | ' | |||||||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | |||||||||||||||||||||||||||
Components of Accumulated Other Comprehensive Income (Loss) | ' | |||||||||||||||||||||||||||
The changes in the components of AOCI for the years ended December 31, 2013 and 2012 are as follows: | ||||||||||||||||||||||||||||
Redeemable | Partners' | |||||||||||||||||||||||||||
Common | Capital | |||||||||||||||||||||||||||
Units | ||||||||||||||||||||||||||||
Unrealized Gains (Losses) | ||||||||||||||||||||||||||||
Hedging Agreements | Available-for-Sale Securities | Hedging Agreements | Available-for-Sale Securities | Total | ||||||||||||||||||||||||
Beginning balance, January 1, 2012 | $ | 377 | $ | 328 | $ | (6,116 | ) | $ | 7,828 | $ | 2,417 | |||||||||||||||||
OCI before reclassifications | (4 | ) | 23 | 2,064 | 3,955 | 6,038 | ||||||||||||||||||||||
Amounts reclassified from AOCI (1) | — | 2 | (2,267 | ) | 222 | (2,043 | ) | |||||||||||||||||||||
Net year-to-date period OCI | (4 | ) | 25 | (203 | ) | 4,177 | 3,995 | |||||||||||||||||||||
Ending balance, December 31, 2012 | 373 | 353 | (6,319 | ) | 12,005 | 6,412 | ||||||||||||||||||||||
OCI before reclassifications | 14 | (20 | ) | 4,098 | (2,563 | ) | 1,529 | |||||||||||||||||||||
Amounts reclassified from AOCI (1) | — | — | (2,297 | ) | — | (2,297 | ) | |||||||||||||||||||||
Net year-to-date period OCI | 14 | (20 | ) | 1,801 | (2,563 | ) | (768 | ) | ||||||||||||||||||||
Ending balance, December 31, 2013 | $ | 387 | $ | 333 | $ | (4,518 | ) | $ | 9,442 | 5,644 | ||||||||||||||||||
(1) Reclassified $2,297 and $2,267 of interest on cash flow hedges to Interest Expense in the consolidated statements of operations for the years ended December 31, 2013 and 2012, respectively. Reclassified $224 realized gain on available-for-sale securities to Interest and Other Income in the consolidated statements of operations for the year ended December 31, 2012. |
Acquisitions_Tables
Acquisitions (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Business Combinations [Abstract] | ' | ||||||||||||||||||||||||
Schedule of Business Acquisitions | ' | ||||||||||||||||||||||||
The following is a summary of the Company's acquisitions since January 1, 2011: | |||||||||||||||||||||||||
Purchase Date | Property | Property | Location | Ownership | Cash | Debt | Other | Purchase | |||||||||||||||||
Type | Percentage | Assumed | Price | ||||||||||||||||||||||
Acquired | |||||||||||||||||||||||||
2013 Acquisition: | |||||||||||||||||||||||||
April | Kirkwood Mall (1) | Mall | Bismarck, ND | 51.00% | $ | 41,378 | $ | 20,587 | $ | — | $ | 61,965 | |||||||||||||
2012 Acquisitions: | |||||||||||||||||||||||||
December | Imperial Valley Mall (2) | Mall | El Centro, CA | 40.00% | $ | 15,500 | $ | 21,018 | $ | — | $ | 36,518 | |||||||||||||
December | Kirkwood Mall (1) | Mall | Bismarck, ND | 49.00% | 39,754 | 19,781 | — | 59,535 | |||||||||||||||||
May | Dakota Square Mall (3) | Mall | Minot, ND | 100.00% | 32,474 | 59,001 | — | 91,475 | |||||||||||||||||
April | The Outlet Shoppes at Gettysburg (4) | Mall | Gettysburg, PA | 50.00% | — | 20,315 | 4,522 | 24,837 | |||||||||||||||||
April | The Outlet Shoppes at El Paso (5) | Mall | El Paso, TX | 75.00% | 35,456 | 50,193 | — | 85,649 | |||||||||||||||||
$ | 123,184 | $ | 170,308 | $ | 4,522 | $ | 298,014 | ||||||||||||||||||
2011 Acquisition: | |||||||||||||||||||||||||
September | Northgate Mall | Mall | Chattanooga, TN | 100.00% | $ | 11,500 | $ | — | $ | — | $ | 11,500 | |||||||||||||
(1) The Company acquired a 49.0% joint venture interest in Kirkwood Mall in December 2012. The cash paid was based on a total value of $121,500 including a $40,368 non-recourse loan. The Company executed an agreement to acquire the remaining 51.0% interest within 90 days subject to lender approval to assume the loan, which bears interest at a fixed rate of 5.75% and matures in April 2018. As the loan bears interest at an above-market rate, the Company recorded a debt premium of $2,970, computed using an estimated market interest rate of 4.25%. In accordance with its executed agreement, the Company acquired the remaining 51.0% interest in Kirkwood Mall in April 2013. As described in Note 8, the Company consolidated this joint venture as of December 31, 2013 and 2012. | |||||||||||||||||||||||||
(2) The Company acquired the remaining 40% interests in Imperial Valley Mall L.P., Imperial Valley Peripheral L.P. and Imperial Valley Commons L.P. from its joint venture partner. Imperial Valley Commons, L.P. was classified as a VIE and was accounted for on a consolidated basis as the Company was deemed to be the primary beneficiary. Imperial Valley Mall L.P. and Imperial Valley Peripheral L.P. were unconsolidated affiliates accounted for using the equity method of accounting. We recorded a gain on investment of $45,072 related to the acquisition of our joint venture partner's interest and all three joint ventures are accounted for on a consolidated basis as of the purchase date. See Note 5 for additional information. | |||||||||||||||||||||||||
(3) The $59,001 non-recourse loan bears interest at a fixed rate of 6.23% and matures in November 2016. The Company recorded a debt premium of $3,040, computed using an estimated market rate of 4.75%, since the debt assumed was at an above-market interest rate compared to similar debt instruments at the date of acquisition. | |||||||||||||||||||||||||
(4) The Company and its noncontrolling interest partner exercised their rights under the terms of a mezzanine loan agreement with the borrower, which owned The Outlet Shoppes at Gettysburg, to convert a $4,522 mezzanine loan into a member interest in the outlet shopping center. The $40,631 of debt assumed, of which the Company's 50.0% share is $20,315, bears interest at a fixed rate of 5.87% and matures in February 2016. | |||||||||||||||||||||||||
(5) The Company also acquired a 50.0% interest in outparcel land adjacent to the outlet shopping center for $3,864 in addition to the $31,592 paid for the 75.0% share of the outlet shopping center . See Note 5. The amount paid for the Company's 75.0% and 50.0% interests was based on a total value of $116,775 including the assumption of a $66,924 non-recourse loan, which bears interest at a fixed rate of 7.06% and matures in December 2017. The debt assumed was at an above-average interest rate compared to similar debt instruments at the date of acquisition, so the Company recorded a debt premium of $7,700 (of which $5,775 represents the Company's 75.0% share), computed using an estimated market interest rate of 4.75%. The entity that owned The Outlet Shoppers at El Paso used a portion of the cash proceeds to repay a $9,150 mezzanine loan provided by the Company, of which the Company's share was $6,862. After considering the repayment of the mezzanine loan to the Company, the net consideration paid by the Company in connection with this transaction was $28,594. | |||||||||||||||||||||||||
Schedule of Estimated Fair Values of Assets Acquired and Liabilities Assumed | ' | ||||||||||||||||||||||||
The following table summarizes the final allocations of the estimated fair values of the assets acquired and liabilities assumed as of the respective acquisition dates for the Properties listed above: | |||||||||||||||||||||||||
2012 | 2011 | ||||||||||||||||||||||||
Land | $ | 87,869 | $ | 2,330 | |||||||||||||||||||||
Buildings and improvements | 379,763 | 8,220 | |||||||||||||||||||||||
Investments in unconsolidated affiliates | 3,864 | — | |||||||||||||||||||||||
Tenant improvements | 15,328 | — | |||||||||||||||||||||||
Above-market leases | 15,359 | 2,030 | |||||||||||||||||||||||
In-place leases | 65,814 | 1,570 | |||||||||||||||||||||||
Total assets | 567,997 | 14,150 | |||||||||||||||||||||||
Mortgage note payables assumed | (259,470 | ) | — | ||||||||||||||||||||||
Debt premium | (15,334 | ) | — | ||||||||||||||||||||||
Below-market leases | (39,698 | ) | (2,650 | ) | |||||||||||||||||||||
Noncontrolling interest | (60,295 | ) | — | ||||||||||||||||||||||
Value of Company's interest in joint ventures | (65,494 | ) | — | ||||||||||||||||||||||
Net assets acquired | $ | 127,706 | $ | 11,500 | |||||||||||||||||||||
Discontinued_Operations_Tables
Discontinued Operations (Tables) | 12 Months Ended | ||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||
Discontinued Operations and Disposal Groups [Abstract] | ' | ||||||||||||||||||
Summary of Dispositions | ' | ||||||||||||||||||
The following is a summary of the Company's dispositions since January 1, 2011: | |||||||||||||||||||
Sales Price | Gain/ | ||||||||||||||||||
(Loss) | |||||||||||||||||||
Sales Date | Property | Property Type | Location | Gross | Net | ||||||||||||||
2013 Activity: | |||||||||||||||||||
Aug-13 | Georgia Square & Georgia Square Plaza, Panama City Mall & The Shoppes at Panama City, RiverGate Mall and Village at RiverGate (1) | Mall & Associated Center | Athens, GA | $ | 176,000 | $ | 171,977 | $ | (19 | ) | |||||||||
Panama City, FL | |||||||||||||||||||
Nashville, TN | |||||||||||||||||||
Mar-13 | 1500 Sunday Drive | Office Building | Raleigh, NC | 8,300 | 7,862 | (549 | ) | ||||||||||||
Mar-13 | Peninsula I & II | Office Building | Newport News, VA | 5,250 | 5,121 | 598 | |||||||||||||
Jan-13 | Lake Point & SunTrust (2) | Office Building | Greensboro, NC | 30,875 | 30,490 | 823 | |||||||||||||
Dec-08 | 706 & 708 Green Valley Road (3) | Office Building | Greensboro, NC | 281 | |||||||||||||||
Various (4) | 10 | ||||||||||||||||||
$ | 220,425 | $ | 215,450 | $ | 1,144 | ||||||||||||||
2012 Activity: | |||||||||||||||||||
Dec-12 | Willowbrook Plaza (5) | Community Center | Houston, TX | $ | 24,450 | $ | 24,171 | $ | — | ||||||||||
Oct-12 | Towne Mall (6) | Mall | Franklin, OH | 950 | 892 | (3 | ) | ||||||||||||
Oct-12 | Hickory Hollow Mall (7) | Mall | Antioch, TN | 1,000 | 966 | (6 | ) | ||||||||||||
Jul-12 | Massard Crossing | Community Center | Fort Smith, AR | 7,803 | 7,432 | 98 | |||||||||||||
Mar-12 | Settlers Ridge - Phase II (8) | Community Center | Robinson Township, PA | 19,144 | 18,951 | 883 | |||||||||||||
Jan-12 | Oak Hollow Square (9) | Community Center | High Point, NC | 14,247 | 13,796 | (1 | ) | ||||||||||||
Various (4) | (33 | ) | |||||||||||||||||
$ | 67,594 | $ | 66,208 | $ | 938 | ||||||||||||||
2011 Activity: | |||||||||||||||||||
Nov-11 | Westridge Square (10) | Community Center | Greensboro, NC | $ | 26,125 | 25,768 | $ | (160 | ) | ||||||||||
Feb-11 | Oak Hollow Mall (11) | Mall | High Point, NC | 9,000 | 8,847 | 6 | |||||||||||||
Dec-10 | Settler's Ridge - Phase I | Community Center | Robinson Township, PA | 67 | |||||||||||||||
Oct-10 | Pemberton Square | Mall | Vicksburg, MS | 39 | |||||||||||||||
Various (4) | 47 | ||||||||||||||||||
$ | 35,125 | $ | 34,615 | $ | (1 | ) | |||||||||||||
-1 | A loss on impairment of $5,234 was recorded in the third quarter of 2013 to write down the book value of these six Properties sold in a portfolio sale to the net sales price. | ||||||||||||||||||
-2 | Classified as held for sale as of December 31, 2012. | ||||||||||||||||||
-3 | Recognition of gain that was deferred in December 2008 upon repayment of the notes receivable for a portion of the sales price. | ||||||||||||||||||
-4 | Reflects subsequent true-ups for settlement of estimated expenses based on actual amounts for sales that occurred in prior periods. | ||||||||||||||||||
-5 | A loss on impairment of $17,743 was recorded in the third quarter of 2012 to write down the book value of this Property to its then estimated fair value. | ||||||||||||||||||
-6 | A loss on impairment of $419 was recorded in the third quarter of 2012 to write down the book value of this Property to expected sales price. | ||||||||||||||||||
-7 | A loss on impairment of $8,047 was recorded in the third quarter of 2012 to write down the book value of this Property to expected sales price. | ||||||||||||||||||
-8 | A loss on impairment of $4,457 was recorded in the second quarter of 2011 to write down the book value of this Property to its then estimated fair value. | ||||||||||||||||||
-9 | A loss on impairment of $255 was recorded in the first quarter of 2012 related to the true-up of certain estimated amounts to actual amounts. Additionally, the Company wrote down the depreciated book value of this Property to the estimated sales price and recorded a loss on impairment of $729 in the fourth quarter of 2011. | ||||||||||||||||||
-10 | Proceeds from the sale were used to reduce the outstanding borrowings on the unsecured term facility used to acquire the Starmount Properties. | ||||||||||||||||||
-11 | Net proceeds from the sale were used to retire the outstanding principal balance and accrued interest of $40,281 on the non-recourse loan secured by the Property in accordance with the lender’s agreement to modify the outstanding principal balance and accrued interest to equal the net sales price for the Property and, as a result, the Company recorded a gain on extinguishment of debt of $31,434 in the first quarter of 2011. The Company also recorded a loss on impairment in the first quarter of 2011 of $2,746 to write down the book value of the Property to the net sales price. In the second quarter of 2010, the Company recorded a loss on impairment of $25,435 related to the Property to write down its depreciated book value to its then estimated fair value. |
Unconsolidated_Affiliates_and_1
Unconsolidated Affiliates and Cost Method Investments (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Equity Method Investments and Joint Ventures [Abstract] | ' | |||||||||||
Investments Accounted for using the Equity method of Accounting | ' | |||||||||||
At December 31, 2013, the Company had investments in the following 17 entities, which are accounted for using the equity method of accounting: | ||||||||||||
Joint Venture | Property Name | Company's | ||||||||||
Interest | ||||||||||||
CBL/T-C, LLC | CoolSprings Galleria, Oak Park Mall, West County Center and Pearland Town Center | 60.3 | % | |||||||||
CBL-TRS Joint Venture, LLC | Friendly Center, The Shops at Friendly Center and a portfolio of four office buildings | 50 | % | |||||||||
CBL-TRS Joint Venture II, LLC | Renaissance Center | 50 | % | |||||||||
El Paso Outlet Outparcels, LLC | The Outlet Shoppes at El Paso (vacant land) | 50 | % | |||||||||
Fremaux Town Center JV, LLC | Fremaux Town Center | 65 | % | |||||||||
Governor’s Square IB | Governor’s Plaza | 50 | % | |||||||||
Governor’s Square Company | Governor’s Square | 47.5 | % | |||||||||
High Pointe Commons, LP | High Pointe Commons | 50 | % | |||||||||
High Pointe Commons II-HAP, LP | High Pointe Commons - Christmas Tree Shop | 50 | % | |||||||||
JG Gulf Coast Town Center LLC | Gulf Coast Town Center | 50 | % | |||||||||
Kentucky Oaks Mall Company | Kentucky Oaks Mall | 50 | % | |||||||||
Mall of South Carolina L.P. | Coastal Grand—Myrtle Beach | 50 | % | |||||||||
Mall of South Carolina Outparcel L.P. | Coastal Grand—Myrtle Beach (Coastal Grand Crossing and vacant land) | 50 | % | |||||||||
Port Orange I, LLC | The Pavilion at Port Orange Phase I and one office building | 50 | % | |||||||||
Triangle Town Member LLC | Triangle Town Center, Triangle Town Commons and Triangle Town Place | 50 | % | |||||||||
West Melbourne I, LLC | Hammock Landing Phases I and II | 50 | % | |||||||||
York Town Center, LP | York Town Center | 50 | % | |||||||||
Condensed combined financial statement information - unconsolidated affiliates | ' | |||||||||||
Condensed combined financial statement information of these unconsolidated affiliates is as follows: | ||||||||||||
December 31, | ||||||||||||
2013 | 2012 | |||||||||||
ASSETS: | ||||||||||||
Investment in real estate assets | $ | 2,167,227 | $ | 2,143,187 | ||||||||
Accumulated depreciation | (555,174 | ) | (492,864 | ) | ||||||||
1,612,053 | 1,650,323 | |||||||||||
Developments in progress | 103,161 | 21,809 | ||||||||||
Net investment in real estate assets | 1,715,214 | 1,672,132 | ||||||||||
Other assets | 168,799 | 175,540 | ||||||||||
Total assets | $ | 1,884,013 | $ | 1,847,672 | ||||||||
LIABILITIES: | ||||||||||||
Mortgage and other indebtedness | $ | 1,468,422 | $ | 1,456,622 | ||||||||
Other liabilities | 48,203 | 48,538 | ||||||||||
Total liabilities | 1,516,625 | 1,505,160 | ||||||||||
OWNERS' EQUITY: | ||||||||||||
The Company | 213,664 | 196,694 | ||||||||||
Other investors | 153,724 | 145,818 | ||||||||||
Total owners' equity | 367,388 | 342,512 | ||||||||||
Total liabilities and owners’ equity | $ | 1,884,013 | $ | 1,847,672 | ||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Revenues | $ | 243,215 | $ | 251,628 | $ | 177,222 | ||||||
Depreciation and amortization | (76,323 | ) | (82,534 | ) | (58,538 | ) | ||||||
Other operating expenses | (72,166 | ) | (76,567 | ) | (53,417 | ) | ||||||
Income from operations | 94,726 | 92,527 | 65,267 | |||||||||
Interest income | 1,359 | 1,365 | 1,420 | |||||||||
Interest expense | (76,934 | ) | (84,421 | ) | (59,972 | ) | ||||||
Gain on sales of real estate assets | 102 | 2,063 | 1,744 | |||||||||
Net income | $ | 19,253 | $ | 11,534 | $ | 8,459 | ||||||
Financings | ||||||||||||
The following table presents the loan activity of the Company's unconsolidated affiliates since January 1, 2012: | ||||||||||||
Date | Property | Stated | Maturity Date (1) | Amount Financed | ||||||||
Interest | or Extended | |||||||||||
Rate | ||||||||||||
2013 Activity: | ||||||||||||
December | The Pavilion at Port Orange - Phase I (2) | LIBOR + 2.0% | Nov-15 | $ | 62,600 | |||||||
December | Hammock Landing - Phase I (3) | LIBOR + 2.0% | Nov-15 | 41,068 | ||||||||
December | Hammock Landing - Phase II (4) | LIBOR + 2.25% | Nov-15 | 10,757 | ||||||||
March | Renaissance Center - Phase II (5) | 3.49% | Apr-23 | 16,000 | ||||||||
March | Friendly Center (6) | 3.48% | Apr-23 | 100,000 | ||||||||
March | Fremaux Town Center - Phase I (7) | LIBOR + 2.125% | Mar-16 | 46,000 | ||||||||
2012 Activity: | ||||||||||||
December | West County Center (8) | 3.40% | Dec-22 | $ | 190,000 | |||||||
July | Gulf Coast Town Center - Phase III (9) | LIBOR + 2.5% | Jul-15 | 7,000 | ||||||||
February | York Town Center (10) | 4.90% | Feb-22 | 38,000 | ||||||||
March | The Pavilion at Port Orange (11) | LIBOR + 3.5% | Mar-14 | 64,950 | ||||||||
(1) Excludes any extension options. | ||||||||||||
-2 | The construction loan was extended and modified to reduce the capacity from $64,950 to $62,600, reduce the interest rate from a variable-rate of LIBOR + 3.5% to a variable-rate of LIBOR + 2.0% and extend the maturity date. The loan has two one-year extension options, which are at the joint venture's election, for an outside maturity date of November 2017. The Company has guaranteed 25% of the construction loan. | |||||||||||
-3 | The loan was amended and restated to extend the maturity date and reduce the interest rate from a variable-rate of LIBOR + 3.5% to a variable-rate of LIBOR + 2.0%. The loan has two one-year extension options, which are at the joint venture's election, for an outside maturity date of November 2017. The Company has guaranteed 25% of the loan. | |||||||||||
-4 | A new construction loan to build a Carmike Cinema has two one-year extension options, which are at the joint venture's election, for an outside maturity date of November 2017. Upon completion of the construction and opening of the Carmike Cinema, the Company's guaranty will be reduced from 100% to 25% and the loan will bear interest at a variable-rate of LIBOR + 2.0%. | |||||||||||
(5) Net proceeds from the loan were used to retire a $15,700 loan that was scheduled to mature in April 2013. | ||||||||||||
-6 | Net proceeds from the loan were used to retire four loans, scheduled to mature in April 2013 and with an aggregate balance of $100,000, that were secured by Friendly Center, Friendly Center Office Building, First National Bank Building, Green Valley Office Building, First Citizens Bank Building, Wachovia Office Building and Bank of America Building. | |||||||||||
-7 | The construction loan has two one-year extension options, which are at the joint venture's election, for an outside maturity date of March 2018. The Company has guaranteed 100% of the construction loan. | |||||||||||
-8 | Net proceeds of $189,687 were used to retire the outstanding borrowings of $142,235 under the previous loan and excess proceeds were distributed 50/50 to the Company and its joint venture partner. | |||||||||||
-9 | Net proceeds from the loan were distributed to the Company in accordance with the terms of the joint venture agreement and were used to reduce the outstanding balances on the Company's credit facilities. The Company has guaranteed 100% of the loan. | |||||||||||
-10 | Net proceeds from the loan, plus cash on hand, were used to retire a $39,379 loan that was scheduled to mature in March 2012. | |||||||||||
-11 | The construction loan was extended and modified to remove a 1% LIBOR floor and reduce the capacity from $98,883 to $64,950. The joint venture paid $3,332 to reduce the outstanding balance on the loan to the new capacity amount. There is a one-year extension option on the loan, which is at the joint venture's election, for an outside maturity date of March 2015. The Company has guaranteed 100% of the construction loan. See Note (3) above for information on the extension and modification of this loan in December 2013. |
Mortgage_and_Other_Indebtednes1
Mortgage and Other Indebtedness (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||||||||
Debt Disclosure [Abstract] | ' | ||||||||||||||||||||||||||||||||||
Schedule of mortgage and other indebtedness | ' | ||||||||||||||||||||||||||||||||||
Mortgage and other indebtedness consisted of the following: | |||||||||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||||||||
Amount | Weighted | Amount | Weighted | ||||||||||||||||||||||||||||||||
Average | Average | ||||||||||||||||||||||||||||||||||
Interest | Interest | ||||||||||||||||||||||||||||||||||
Rate (1) | Rate (1) | ||||||||||||||||||||||||||||||||||
Fixed-rate debt: | |||||||||||||||||||||||||||||||||||
Non-recourse loans on operating properties (2) | $ | 3,527,830 | 5.54% | $ | 3,776,245 | 5.42% | |||||||||||||||||||||||||||||
Senior unsecured notes (3) | 445,374 | 5.25% | — | —% | |||||||||||||||||||||||||||||||
Financing method obligation (4) | 17,570 | 8.00% | 18,264 | 8.00% | |||||||||||||||||||||||||||||||
Total fixed-rate debt | 3,990,774 | 5.52% | 3,794,509 | 5.43% | |||||||||||||||||||||||||||||||
Variable-rate debt: | |||||||||||||||||||||||||||||||||||
Non-recourse term loans on operating properties | 133,712 | 3.14% | 123,875 | 3.36% | |||||||||||||||||||||||||||||||
Recourse term loans on operating properties | 51,300 | 1.87% | 97,682 | 1.78% | |||||||||||||||||||||||||||||||
Construction loans | 2,983 | 2.17% | 15,366 | 2.96% | |||||||||||||||||||||||||||||||
Unsecured lines of credit | 228,754 | 1.57% | 475,626 | 2.07% | |||||||||||||||||||||||||||||||
Secured line of credit (5) | — | —% | 10,625 | 2.46% | |||||||||||||||||||||||||||||||
Unsecured term loans | 450,000 | 1.71% | 228,000 | 1.82% | |||||||||||||||||||||||||||||||
Total variable-rate debt | 866,749 | 1.91% | 951,174 | 2.20% | |||||||||||||||||||||||||||||||
Total | $ | 4,857,523 | 4.88% | $ | 4,745,683 | 4.79% | |||||||||||||||||||||||||||||
-1 | Weighted-average interest rate includes the effect of debt premiums (discounts), but excludes amortization of deferred financing costs. | ||||||||||||||||||||||||||||||||||
-2 | The Operating Partnership has four interest rate swaps on notional amounts totaling $109,830 as of December 31, 2013 and $113,885 as of December 31, 2012 related to four variable-rate loans on operating Properties to effectively fix the interest rates on the respective loans. Therefore, these amounts are reflected in fixed-rate debt at December 31, 2013 and 2012. | ||||||||||||||||||||||||||||||||||
-3 | In November 2013, the Operating Partnership issued $450,000 of senior unsecured notes in a public offering. The balance at December 31, 2013 includes a discount of $4,626 recorded upon issuance. See below for additional information. | ||||||||||||||||||||||||||||||||||
-4 | This amount represents the noncontrolling partner's equity contribution related to Pearland Town Center that is accounted for as a financing due to certain terms of the CBL/T-C joint venture agreement. See Note 5 for further information. | ||||||||||||||||||||||||||||||||||
-5 | The Company converted its secured line of credit to an unsecured line of credit in February 2013. | ||||||||||||||||||||||||||||||||||
Schedule of unsecured lines of credit | ' | ||||||||||||||||||||||||||||||||||
The following summarizes certain information about the Company's unsecured lines of credit as of December 31, 2013: | |||||||||||||||||||||||||||||||||||
Total | Total | Maturity | Extended | ||||||||||||||||||||||||||||||||
Capacity | Outstanding | Date | Maturity | ||||||||||||||||||||||||||||||||
Date | |||||||||||||||||||||||||||||||||||
Facility A | $ | 600,000 | $ | 99,371 | -1 | Nov-15 | Nov-16 | ||||||||||||||||||||||||||||
First Tennessee | 100,000 | 5,000 | Feb-16 | N/A | |||||||||||||||||||||||||||||||
Facility B | 600,000 | 124,383 | -2 | Nov-16 | Nov-17 | ||||||||||||||||||||||||||||||
$ | 1,300,000 | $ | 228,754 | ||||||||||||||||||||||||||||||||
-1 | There was an additional $2,000 outstanding on this facility as of December 31, 2013 for letters of credit. Up to $50,000 of the capacity on this facility can be used for letters of credit. | ||||||||||||||||||||||||||||||||||
-2 | There was an additional $617 outstanding on this facility as of December 31, 2013 for letters of credit. Up to $50,000 of the capacity on this facility can be used for letters of credit. | ||||||||||||||||||||||||||||||||||
Schedule of fixed rate loans | ' | ||||||||||||||||||||||||||||||||||
The following table presents the fixed-rate loans that are secured by the related Properties, that have been entered into since January 1, 2012: | |||||||||||||||||||||||||||||||||||
Date | Property | Stated | Maturity Date (1) | Amount | |||||||||||||||||||||||||||||||
Interest | Financed | ||||||||||||||||||||||||||||||||||
Rate | or Extended (2) | ||||||||||||||||||||||||||||||||||
2013 Activity: | |||||||||||||||||||||||||||||||||||
October | The Outlet Shoppes at Atlanta (3) | 4.90% | Nov-23 | $ | 80,000 | ||||||||||||||||||||||||||||||
2012 Activity: | |||||||||||||||||||||||||||||||||||
June | WestGate Mall (4) | 4.99% | Jul-22 | $ | 40,000 | ||||||||||||||||||||||||||||||
May | Fashion Square Mall (4) | 4.95% | Jun-22 | 42,000 | |||||||||||||||||||||||||||||||
May | Jefferson Mall (4) | 4.75% | Jun-22 | 71,190 | |||||||||||||||||||||||||||||||
May | Southpark Mall (5) | 4.85% | Jun-22 | 67,000 | |||||||||||||||||||||||||||||||
May | CBL Center I and II (6) | 5.00% | Jun-22 | 22,000 | |||||||||||||||||||||||||||||||
April | Arbor Place (4) | 5.10% | May-22 | 122,000 | |||||||||||||||||||||||||||||||
March | Northwoods Mall (4) | 5.08% | Apr-22 | 73,000 | |||||||||||||||||||||||||||||||
-1 | Excludes any extension options. | ||||||||||||||||||||||||||||||||||
-2 | Net proceeds were used to reduce the outstanding balances on the Company's credit facilities unless otherwise noted. | ||||||||||||||||||||||||||||||||||
-3 | The consolidated joint venture, Atlanta Outlet Shoppes, LLC, closed on the non-recourse loan. Net proceeds from the non-recourse mortgage loan were used to repay a $53,080 recourse construction loan. This Property is owned in a consolidated joint venture and the Company's share of the remaining excess proceeds were used to reduce outstanding balances on the Company's credit facilities. | ||||||||||||||||||||||||||||||||||
-4 | The CMBS loan is non-recourse. | ||||||||||||||||||||||||||||||||||
-5 | Net proceeds from this CMBS loan were used to retire an existing loan with a balance of $30,763 secured by Southpark Mall and to reduce outstanding balances on the Company's credit facilities. | ||||||||||||||||||||||||||||||||||
-6 | The non-recourse loan with an insurance company was used to reduce outstanding balances on the Company's credit facilities, which had been used in April 2012 and February 2012 to retire the outstanding balances on the maturing loans on CBL Centers II and I of $9,078 and $12,818, respectively. | ||||||||||||||||||||||||||||||||||
The Company has repaid the following fixed-rate loans, secured by the related Properties, since January 1, 2012: | |||||||||||||||||||||||||||||||||||
Date | Property | Interest | Scheduled | Principal | |||||||||||||||||||||||||||||||
Rate at | Maturity Date | Balance | |||||||||||||||||||||||||||||||||
Repayment Date | Repaid (1) | ||||||||||||||||||||||||||||||||||
2013 Activity: | |||||||||||||||||||||||||||||||||||
December | Northpark Mall | 5.75% | Mar-14 | $ | 32,684 | ||||||||||||||||||||||||||||||
June | Mid Rivers Mall (2) | 5.88% | May-21 | 88,410 | |||||||||||||||||||||||||||||||
April | South County Center (3) | 4.96% | Oct-13 | 71,740 | |||||||||||||||||||||||||||||||
January | Westmoreland Mall | 5.05% | Mar-13 | 63,639 | |||||||||||||||||||||||||||||||
2012 Activity: | |||||||||||||||||||||||||||||||||||
October | Monroeville Mall | 5.73% | Jan-13 | $ | 106,895 | ||||||||||||||||||||||||||||||
May | Southpark Mall (4) | 7.00% | May-12 | 30,763 | |||||||||||||||||||||||||||||||
April | CBL Center II | 4.50% | Feb-13 | 9,078 | |||||||||||||||||||||||||||||||
March | Arbor Place, Jefferson Mall, The Landing at Arbor Place, Old Hickory Mall, WestGate Mall | 6.50%-6.51% | Jul-12 | 180,022 | |||||||||||||||||||||||||||||||
February | CBL Center I | 6.25% | Aug-12 | 12,818 | |||||||||||||||||||||||||||||||
February | The Courtyard at Hickory Hollow, Hickory Hollow Mall (5) | 6.00% | Oct-18 | 25,962 | |||||||||||||||||||||||||||||||
February | Fashion Square Mall, Northwoods Mall, Randolph Mall, Regency Mall | 6.50%-6.51% | Jul-12 | 141,235 | |||||||||||||||||||||||||||||||
January | Massard Crossing, Pemberton Plaza, Willowbrook Plaza (5) | 7.54% | Feb-12 | 34,349 | |||||||||||||||||||||||||||||||
-1 | The Company retired the loans with borrowings from its credit facilities unless otherwise noted. | ||||||||||||||||||||||||||||||||||
-2 | The Company recorded an $8,936 loss on extinguishment of debt, which consisted of a $8,708 prepayment fee and $228 of unamortized debt issuance costs. | ||||||||||||||||||||||||||||||||||
-3 | The Company recorded a loss on extinguishment of debt of $172 from the write-off of an unamortized discount. | ||||||||||||||||||||||||||||||||||
-4 | Proceeds from a new loan on Southpark Mall that closed in May 2012 were used to retire the existing loan. | ||||||||||||||||||||||||||||||||||
-5 | Hickory Hollow Mall, Massard Crossing and Willowbrook Plaza were sold and are included in discontinued operations. See Note 4 for further information. | ||||||||||||||||||||||||||||||||||
Schedule of variable rate loans | ' | ||||||||||||||||||||||||||||||||||
The following table presents the variable-rate loans that are secured by the related Properties that have been entered into since January 1, 2012: | |||||||||||||||||||||||||||||||||||
Date | Property | Stated | Maturity Date (1) | Amount Financed | |||||||||||||||||||||||||||||||
Interest | or Extended (2) | ||||||||||||||||||||||||||||||||||
Rate | |||||||||||||||||||||||||||||||||||
2013 Activity: | |||||||||||||||||||||||||||||||||||
June | Statesboro Crossing (3) | LIBOR + 1.8% | Jun-16 | $ | 11,400 | ||||||||||||||||||||||||||||||
2012 Activity: | |||||||||||||||||||||||||||||||||||
April | Statesboro Crossing (4) | LIBOR + 1.0% | Feb-13 | $ | 13,568 | ||||||||||||||||||||||||||||||
-1 | Excludes any extension options. | ||||||||||||||||||||||||||||||||||
-2 | Proceeds were used to reduce the balances on the Company's credit facilities unless otherwise noted. | ||||||||||||||||||||||||||||||||||
-3 | The non-recourse loan has two one-year extension options, which are at the Company's option, for an outside maturity date of June 2018. | ||||||||||||||||||||||||||||||||||
-4 | The recourse loan was extended and modified to reduce the capacity from $20,911 to equal the outstanding balance of $13,568 and extend the maturity date. | ||||||||||||||||||||||||||||||||||
The Company has repaid the following variable-rate loans that were secured by the related Properties, since January 1, 2012: | |||||||||||||||||||||||||||||||||||
Date | Property | Interest | Scheduled | Principal | |||||||||||||||||||||||||||||||
Rate at | Maturity Date | Balance | |||||||||||||||||||||||||||||||||
Repayment Date | Repaid (1) | ||||||||||||||||||||||||||||||||||
2013 Activity: | |||||||||||||||||||||||||||||||||||
September | The Forum at Grandview | 3.19% | Sep-13 | $ | 10,200 | ||||||||||||||||||||||||||||||
July | Alamance Crossing West | 3.20% | Dec-13 | 16,000 | |||||||||||||||||||||||||||||||
February | Statesboro Crossing | 1.21% | Feb-13 | 13,460 | |||||||||||||||||||||||||||||||
2012 Activity: | |||||||||||||||||||||||||||||||||||
September | RiverGate Mall | 3.47% | Sep-12 | $ | 77,500 | ||||||||||||||||||||||||||||||
-1 | The Company retired the loans with borrowings from its credit facilities. | ||||||||||||||||||||||||||||||||||
Schedule of covenant compliance | ' | ||||||||||||||||||||||||||||||||||
The following presents the Company's compliance with key covenant ratios, as defined, of the Notes as of December 31, 2013: | |||||||||||||||||||||||||||||||||||
Ratio | Required | Actual | |||||||||||||||||||||||||||||||||
Total debt to total assets | < 60% | 54.70% | |||||||||||||||||||||||||||||||||
Secured debt to total assets | <45% (1) | 41.30% | |||||||||||||||||||||||||||||||||
Total unencumbered assets to unsecured debt | >150% | 244.90% | |||||||||||||||||||||||||||||||||
Consolidated income available for debt service to annual debt service charge | > 1.50x | 3.20x | |||||||||||||||||||||||||||||||||
-1 | On January 1, 2020 and thereafter, secured debt to total assets must be less than 40%. | ||||||||||||||||||||||||||||||||||
The following presents the Company's compliance with key covenant ratios, as defined, of the credit facilities and term loans as of December 31, 2013: | |||||||||||||||||||||||||||||||||||
Ratio | Required | Actual | |||||||||||||||||||||||||||||||||
Debt to total asset value | < 60% | 51.60% | |||||||||||||||||||||||||||||||||
Ratio of unencumbered asset value to unsecured indebtedness | > 1.60x | 2.51x | |||||||||||||||||||||||||||||||||
Ratio of unencumbered NOI to unsecured interest expense | > 1.75x | 6.15x | |||||||||||||||||||||||||||||||||
Ratio of EBITDA to fixed charges (debt service) | > 1.50x | 2.20x | |||||||||||||||||||||||||||||||||
Schedule of principal repayments | ' | ||||||||||||||||||||||||||||||||||
As of December 31, 2013, the scheduled principal amortization and balloon payments of the Company’s consolidated debt, excluding extensions available at the Company’s option, on all mortgage and other indebtedness, including construction loans and lines of credit, are as follows: | |||||||||||||||||||||||||||||||||||
2014 | $ | 284,205 | |||||||||||||||||||||||||||||||||
2015 | 631,704 | ||||||||||||||||||||||||||||||||||
2016 | 922,095 | ||||||||||||||||||||||||||||||||||
2017 | 552,514 | ||||||||||||||||||||||||||||||||||
2018 | 671,936 | ||||||||||||||||||||||||||||||||||
Thereafter | 1,789,380 | ||||||||||||||||||||||||||||||||||
4,851,834 | |||||||||||||||||||||||||||||||||||
Net unamortized premiums | 5,689 | ||||||||||||||||||||||||||||||||||
$ | 4,857,523 | ||||||||||||||||||||||||||||||||||
Schedule of interest rate derivatives designated as cash flow hedges of interest rate risk | ' | ||||||||||||||||||||||||||||||||||
As of December 31, 2013, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk: | |||||||||||||||||||||||||||||||||||
Interest Rate | Number of | Notional | |||||||||||||||||||||||||||||||||
Derivative | Instruments | Amount | |||||||||||||||||||||||||||||||||
Interest Rate Cap | 1 | $ | 122,375 | ||||||||||||||||||||||||||||||||
Interest Rate Swaps | 4 | $ | 109,830 | ||||||||||||||||||||||||||||||||
Schedule of pay fixed/receive variable swap | ' | ||||||||||||||||||||||||||||||||||
The following tables provide further information relating to the Company’s interest rate derivatives that were designated as cash flow hedges of interest rate risk as of December 31, 2013 and 2012: | |||||||||||||||||||||||||||||||||||
Instrument Type | Location in | Notional | Designated | Strike | Fair Value at 12/31/13 | Fair Value at 12/31/12 | Maturity | ||||||||||||||||||||||||||||
Consolidated | Amount | Benchmark | Rate | Date | |||||||||||||||||||||||||||||||
Balance Sheet | Interest | ||||||||||||||||||||||||||||||||||
Rate | |||||||||||||||||||||||||||||||||||
Cap | Intangible lease assets | $ 122,375 | 3-month | 5 | % | $ | — | $ | — | Jan-14 | |||||||||||||||||||||||||
and other assets | (amortizing | LIBOR | |||||||||||||||||||||||||||||||||
to $122,375) | |||||||||||||||||||||||||||||||||||
Pay fixed/ Receive | Accounts payable and | $ 53,093 | 1-month | 2.149 | % | $ | (1,915 | ) | $ | (2,775 | ) | Apr-16 | |||||||||||||||||||||||
variable Swap | accrued liabilities | (amortizing | LIBOR | ||||||||||||||||||||||||||||||||
to $48,337) | |||||||||||||||||||||||||||||||||||
Pay fixed/ Receive | Accounts payable and | $ 33,243 | 1-month | 2.187 | % | (1,226 | ) | (1,776 | ) | Apr-16 | |||||||||||||||||||||||||
variable Swap | accrued liabilities | (amortizing | LIBOR | ||||||||||||||||||||||||||||||||
to $30,276) | |||||||||||||||||||||||||||||||||||
Pay fixed/ Receive | Accounts payable and | $ 12,427 | 1-month | 2.142 | % | (446 | ) | (647 | ) | Apr-16 | |||||||||||||||||||||||||
variable Swap | accrued liabilities | (amortizing | LIBOR | ||||||||||||||||||||||||||||||||
to $11,313) | |||||||||||||||||||||||||||||||||||
Pay fixed/ Receive | Accounts payable and | $ 11,067 | 1-month | 2.236 | % | (420 | ) | (607 | ) | Apr-16 | |||||||||||||||||||||||||
variable Swap | accrued liabilities | (amortizing | LIBOR | ||||||||||||||||||||||||||||||||
to $10,083) | |||||||||||||||||||||||||||||||||||
$ | (4,007 | ) | $ | (5,805 | ) | ||||||||||||||||||||||||||||||
Schedule of gain (loss) recognized in other comprehensive income (loss) | ' | ||||||||||||||||||||||||||||||||||
Hedging Instrument | Gain (Loss) Recognized in OCI/L | Location of Losses Reclassified from AOCI/L into Earnings (Effective Portion) | Loss Recognized in Earnings | Location of Gain (Loss) Recognized in Earnings (Ineffective Portion) | Gain | ||||||||||||||||||||||||||||||
(Effective Portion) | (Effective Portion) | Recognized in | |||||||||||||||||||||||||||||||||
Earnings | |||||||||||||||||||||||||||||||||||
(Ineffective Portion) | |||||||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | 2013 | 2012 | 2011 | 2013 | 2012 | 2011 | |||||||||||||||||||||||||||
Interest rate contracts | $ | 1,815 | $ | (207 | ) | $ | (5,521 | ) | Interest Expense | $ | (2,297 | ) | $ | (2,267 | ) | $ | (1,904 | ) | Interest Expense | $ | — | $ | — | $ | — | ||||||||||
Shareholders_Equity_and_Partne1
Shareholders' Equity and Partners' Capital (Tables) | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | ||||||||||||||||
Equity [Abstract] | ' | |||||||||||||||
Schedule for Issuance of Common Stock Sold | ' | |||||||||||||||
The following table summarizes issuances of common stock sold through the ATM program since inception through December 31, 2013: | ||||||||||||||||
Number of Shares | Gross | Net | Weighted-average | |||||||||||||
Settled | Proceeds | Proceeds | Sales Price | |||||||||||||
2013:00:00 | ||||||||||||||||
First quarter | 1,889,105 | $ | 44,459 | $ | 43,904 | $ | 23.53 | |||||||||
Second quarter | 6,530,193 | 167,034 | 165,692 | 25.58 | ||||||||||||
Total | 8,419,298 | $ | 211,493 | $ | 209,596 | $ | 25.12 | |||||||||
Schedule of Dividends Declared and Paid For Income Tax Purposes | ' | |||||||||||||||
The allocations of dividends declared and paid for income tax purposes are as follows: | ||||||||||||||||
Year Ended December 31, | ||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||
Dividends declared: | ||||||||||||||||
Common stock | $ | 0.98 | $ | 0.83 | $ | 0.84 | ||||||||||
Series C preferred stock | $ | — | $ | 14.53 | (1) | $ | 19.38 | |||||||||
Series D preferred stock | $ | 18.44 | $ | 18.44 | $ | 18.44 | ||||||||||
Series E preferred stock | $ | 16.56 | $ | 3.91 | (2) | $ | — | |||||||||
Allocations: | ||||||||||||||||
Common stock | ||||||||||||||||
Ordinary income | 100 | % | 100 | % | 100 | % | ||||||||||
Capital gains 25% rate | — | % | — | % | — | % | ||||||||||
Return of capital | — | % | — | % | — | % | ||||||||||
Total | 100 | % | 100 | % | 100 | % | ||||||||||
Preferred stock (3) | ||||||||||||||||
Ordinary income | 100 | % | 100 | % | 100 | % | ||||||||||
Capital gains 25% rate | — | % | — | % | — | % | ||||||||||
Total | 100 | % | 100 | % | 100 | % | ||||||||||
-1 | Represents the three regular quarterly dividends paid in 2012, prior to the redemption on November 5, 2012. | |||||||||||||||
-2 | Represents dividends for the partial quarter covering October 5, 2012 through December 31, 2012. | |||||||||||||||
-3 | The allocations for income tax purposes are the same for each series of preferred stock for each period presented. |
Redeemable_Interests_and_Nonco1
Redeemable Interests and Noncontrolling Interests (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Redeemable Noncontrolling Interests and Noncontrolling Interests [Abstract] | ' | |||||||
Schedule of Redeemable Noncontrolling Interest Conversion Right | ' | |||||||
Outstanding rights to convert redeemable noncontrolling interests and noncontrolling interests in the Operating Partnership to common stock were held by the following parties at December 31, 2013 and 2012: | ||||||||
December 31, | ||||||||
2013 | 2012 | |||||||
CBL’s Predecessor | 18,172,690 | 18,172,690 | ||||||
Third parties | 11,372,897 | 11,372,897 | ||||||
29,545,587 | 29,545,587 | |||||||
Redeemable Noncontrolling Interest | ' | |||||||
Activity related to the redeemable noncontrolling preferred joint venture interest represented by the PJV units is as follows: | ||||||||
Year Ended December 31, | ||||||||
2013 | 2012 | |||||||
Beginning Balance | $ | 423,834 | $ | 423,834 | ||||
Net income attributable to redeemable noncontrolling preferred joint venture interest | 14,637 | 20,686 | ||||||
Distributions to redeemable noncontrolling preferred joint venture interest | (19,894 | ) | (20,686 | ) | ||||
Reduction to preferred liquidation value of PJV units | (10,000 | ) | — | |||||
Redemption of noncontrolling preferred joint venture interest | (408,577 | ) | — | |||||
Ending Balance | $ | — | $ | 423,834 | ||||
Minimum_Rents_Tables
Minimum Rents (Tables) | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Operating Leases, Future Minimum Payments Receivable [Abstract] | ' | |||
Schedule of Future Minimum Rents Scheduled to be Received Under Noncancellable Tenant Leases | ' | |||
Future minimum rents are scheduled to be received under non-cancellable tenant leases at December 31, 2013, as follows: | ||||
2014 | $ | 605,325 | ||
2015 | 538,039 | |||
2016 | 466,957 | |||
2017 | 395,155 | |||
2018 | 315,861 | |||
Thereafter | 1,085,988 | |||
$ | 3,407,325 | |||
Segment_Information_Tables
Segment Information (Tables) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||||||
Information on Reportable Segments | ' | ||||||||||||||||||||
Information on the Company’s reportable segments is presented as follows, restated for discontinued operations in all periods presented: | |||||||||||||||||||||
Year Ended December 31, 2013 | Malls | Associated | Community | All | Total | ||||||||||||||||
Centers | Centers | Other (1) | |||||||||||||||||||
Revenues | $ | 930,081 | $ | 41,726 | $ | 17,937 | $ | 63,881 | $ | 1,053,625 | |||||||||||
Property operating expenses (2) | (300,172 | ) | (10,298 | ) | (3,568 | ) | 17,831 | (296,207 | ) | ||||||||||||
Interest expense | (206,779 | ) | (8,148 | ) | (2,397 | ) | (14,532 | ) | (231,856 | ) | |||||||||||
Other expense | — | — | — | (28,826 | ) | (28,826 | ) | ||||||||||||||
Gain on sales of real estate assets | 295 | — | 452 | 1,233 | 1,980 | ||||||||||||||||
Segment profit | $ | 423,425 | $ | 23,280 | $ | 12,424 | $ | 39,587 | $ | 498,716 | |||||||||||
Depreciation and amortization expense | (278,911 | ) | |||||||||||||||||||
General and administrative expense | (48,867 | ) | |||||||||||||||||||
Interest and other income | 10,825 | ||||||||||||||||||||
Loss on extinguishment of debt | (9,108 | ) | |||||||||||||||||||
Loss on impairment | (70,049 | ) | |||||||||||||||||||
Gain on investment | 2,400 | ||||||||||||||||||||
Equity in earnings of unconsolidated affiliates | 11,616 | ||||||||||||||||||||
Income tax provision | (1,305 | ) | |||||||||||||||||||
Income from continuing operations | $ | 115,317 | |||||||||||||||||||
Total assets | $ | 5,917,437 | $ | 274,234 | $ | 222,576 | $ | 371,724 | $ | 6,785,971 | |||||||||||
Capital expenditures (3) | $ | 203,210 | $ | 10,718 | $ | 8,052 | $ | 126,803 | $ | 348,783 | |||||||||||
Year Ended December 31, 2012 | Malls | Associated | Community | All | Total | ||||||||||||||||
Centers | Centers | Other (1) | |||||||||||||||||||
Revenues | $ | 901,249 | $ | 40,212 | $ | 13,361 | $ | 48,021 | $ | 1,002,843 | |||||||||||
Property operating expenses (2) | (286,919 | ) | (9,933 | ) | (3,219 | ) | 23,317 | (276,754 | ) | ||||||||||||
Interest expense | (214,216 | ) | (8,449 | ) | (2,517 | ) | (17,175 | ) | (242,357 | ) | |||||||||||
Other expense | (12 | ) | — | — | (25,066 | ) | (25,078 | ) | |||||||||||||
Gain on sales of real estate assets | 1,188 | 202 | 608 | 288 | 2,286 | ||||||||||||||||
Segment profit | $ | 401,290 | $ | 22,032 | $ | 8,233 | $ | 29,385 | 460,940 | ||||||||||||
Depreciation and amortization expense | (255,460 | ) | |||||||||||||||||||
General and administrative expense | (51,251 | ) | |||||||||||||||||||
Interest and other income | 3,953 | ||||||||||||||||||||
Gain on extinguishment of debt | 265 | ||||||||||||||||||||
Loss on impairment of real estate | (24,379 | ) | |||||||||||||||||||
Gain on investment | 45,072 | ||||||||||||||||||||
Equity in earnings of unconsolidated affiliates | 8,313 | ||||||||||||||||||||
Income tax provision | (1,404 | ) | |||||||||||||||||||
Income from continuing operations | $ | 186,049 | |||||||||||||||||||
Total assets | $ | 6,213,801 | $ | 302,225 | $ | 203,261 | $ | 370,449 | $ | 7,089,736 | |||||||||||
Capital expenditures (3) | $ | 608,190 | $ | 6,630 | $ | 13,884 | $ | 76,319 | $ | 705,023 | |||||||||||
Year Ended December 31, 2011 | Malls | Associated | Community | All | Total | ||||||||||||||||
Centers | Centers | Other (1) | |||||||||||||||||||
Revenues | $ | 922,529 | $ | 38,909 | $ | 12,036 | $ | 46,425 | $ | 1,019,899 | |||||||||||
Property operating expenses (2) | (294,937 | ) | (9,687 | ) | (3,122 | ) | 22,784 | (284,962 | ) | ||||||||||||
Interest expense | (229,056 | ) | (8,516 | ) | (4,478 | ) | (20,558 | ) | (262,608 | ) | |||||||||||
Other expense | — | (400 | ) | — | (28,498 | ) | (28,898 | ) | |||||||||||||
Gain on sales of real estate assets | 57,621 | 301 | 1,193 | 281 | 59,396 | ||||||||||||||||
Segment profit | $ | 456,157 | $ | 20,607 | $ | 5,629 | $ | 20,434 | 502,827 | ||||||||||||
Depreciation and amortization expense | (261,562 | ) | |||||||||||||||||||
General and administrative expense | (44,751 | ) | |||||||||||||||||||
Interest and other income | 2,578 | ||||||||||||||||||||
Gain on extinguishment of debt | 1,029 | ||||||||||||||||||||
Loss on impairment of real estate | (51,304 | ) | |||||||||||||||||||
Equity in earnings of unconsolidated affiliates | 6,138 | ||||||||||||||||||||
Income tax benefit | 269 | ||||||||||||||||||||
Income from continuing operations | $ | 155,224 | |||||||||||||||||||
Total assets | $ | 5,954,414 | $ | 308,858 | $ | 265,675 | $ | 190,481 | $ | 6,719,428 | |||||||||||
Capital expenditures (3) | $ | 265,478 | $ | 213,364 | $ | 21,452 | $ | 16,984 | $ | 517,278 | |||||||||||
-1 | The All Other category includes mortgage and other notes receivable, office buildings, the Management Company and the Company’s subsidiary that provides security and maintenance services. | ||||||||||||||||||||
-2 | Property operating expenses include property operating, real estate taxes and maintenance and repairs. | ||||||||||||||||||||
-3 | Amounts include acquisitions of real estate assets and investments in unconsolidated affiliates. Developments in progress are included in the All Other category. |
Supplemental_and_Noncash_Infor1
Supplemental and Noncash Information (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Supplemental Cash Flow Information [Abstract] | ' | |||||||||||
Noncash Investing and Financing Activities | ' | |||||||||||
The Company’s noncash investing and financing activities for 2013, 2012 and 2011 were as follows: | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Accrued dividends and distributions payable | $ | 50,523 | $ | 43,689 | $ | 41,717 | ||||||
Additions to real estate assets accrued but not yet paid | 20,625 | 22,468 | 21,771 | |||||||||
Reduction to preferred liquidation value of PJV units | 10,000 | — | — | |||||||||
Discount on issuance of 5.250% Senior Notes due 2023 | (4,626 | ) | — | — | ||||||||
Trade-in allowance - aircraft | 2,800 | — | — | |||||||||
Notes receivable from sale of land | 7,430 | — | — | |||||||||
Issuance of noncontrolling interests in Operating Partnership | — | 14,000 | — | |||||||||
Conversion of Operating Partnership units to common stock | — | 59,738 | 729 | |||||||||
Addition to real estate assets from conversion of note receivable | — | 4,522 | — | |||||||||
Assumption of mortgage notes payable in acquisitions | — | 220,634 | — | |||||||||
Consolidation of joint venture: | ||||||||||||
Decrease in investment in unconsolidated affiliates | — | (15,643 | ) | — | ||||||||
Increase in real estate assets | — | 111,407 | — | |||||||||
Increase in intangible lease and other assets | — | 18,426 | — | |||||||||
Increase in mortgage and other indebtedness | — | 54,169 | — | |||||||||
Deconsolidation of joint ventures: | ||||||||||||
Decrease in real estate assets | — | — | 365,971 | |||||||||
Decrease in intangible lease and other assets | — | — | 26,798 | |||||||||
Decrease in mortgage notes payable | — | — | (266,224 | ) | ||||||||
Increase in investment in unconsolidated affiliates | — | — | (123,651 | ) | ||||||||
Decrease in accounts payable and accrued liabilities | — | — | (4,395 | ) | ||||||||
Additions to real estate assets from forgiveness of mortgage note receivable | — | — | 2,235 | |||||||||
Contingencies_Tables
Contingencies (Tables) | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Commitments and Contingencies Disclosure [Abstract] | ' | |||
Schedule of Future Obligations Under Operating Leases | ' | |||
The future obligations under these operating leases at December 31, 2013, are as follows: | ||||
2014 | $ | 766 | ||
2015 | 772 | |||
2016 | 789 | |||
2017 | 789 | |||
2018 | 798 | |||
Thereafter | 27,657 | |||
$ | 31,571 | |||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||||
Fair Value Measurements of Assets and Liabilities | ' | |||||||||||||||||||
The following tables set forth information regarding the Company’s financial instruments that are measured at fair value on a recurring basis in the accompanying consolidated balance sheets as of December 31, 2013 and 2012: | ||||||||||||||||||||
Fair Value Measurements at Reporting Date Using | ||||||||||||||||||||
Fair Value at December 31, 2013 | Quoted Prices in Active Markets | Significant | Significant Unobservable | |||||||||||||||||
for Identical | Other | Inputs (Level 3) | ||||||||||||||||||
Assets (Level 1) | Observable | |||||||||||||||||||
Inputs (Level 2) | ||||||||||||||||||||
Assets: | ||||||||||||||||||||
Available-for-sale securities | $ | 13,973 | $ | 13,973 | $ | — | $ | — | ||||||||||||
Interest rate cap | — | — | — | — | ||||||||||||||||
Liabilities: | ||||||||||||||||||||
Interest rate swaps | $ | 4,007 | $ | — | $ | 4,007 | $ | — | ||||||||||||
Fair Value Measurements at Reporting Date Using | ||||||||||||||||||||
Fair Value at December 31, 2012 | Quoted Prices in Active Markets | Significant | Significant Unobservable | |||||||||||||||||
for Identical | Other | Inputs (Level 3) | ||||||||||||||||||
Assets (Level 1) | Observable | |||||||||||||||||||
Inputs (Level 2) | ||||||||||||||||||||
Assets: | ||||||||||||||||||||
Available-for-sale securities | $ | 27,679 | $ | 16,556 | $ | — | $ | 11,123 | ||||||||||||
Privately-held debt and equity securities | 2,475 | — | — | 2,475 | ||||||||||||||||
Interest rate cap | — | — | — | — | ||||||||||||||||
Liabilities: | ||||||||||||||||||||
Interest rate swaps | $ | 5,805 | $ | — | $ | 5,805 | $ | — | ||||||||||||
Reconciliation of Available-for-sale Securities | ' | |||||||||||||||||||
The following table provides a reconciliation of changes between the beginning and ending balances of the TIF bonds (Level 3): | ||||||||||||||||||||
Year Ended December 31, | ||||||||||||||||||||
Available-for-sale securities (Level 3): | 2013 | 2012 | ||||||||||||||||||
Balance, beginning of period | $ | 11,123 | $ | 11,829 | ||||||||||||||||
Redemption of TIF bonds | (11,002 | ) | — | |||||||||||||||||
Reclassification adjustment AOCI | — | 1,542 | ||||||||||||||||||
Transfer out of Level 3 (1) | (121 | ) | (2,248 | ) | ||||||||||||||||
Balance, end of period | $ | — | $ | 11,123 | ||||||||||||||||
-1 | The TIF bonds were adjusted to their net realizable value as of December 31, 2012 and redeemed in January 2013. The difference in estimate was recorded as a transfer to long-lived assets. | |||||||||||||||||||
Reconciliation of Privately-held Debt and Equity Securities | ' | |||||||||||||||||||
The following table provides a reconciliation of changes between the beginning and ending balances of the Jinsheng note (Level 3): | ||||||||||||||||||||
Year Ended December 31, | ||||||||||||||||||||
Privately-held debt and equity securities (Level 3): | 2013 | 2012 | ||||||||||||||||||
Balance, beginning of period | $ | 2,475 | $ | 2,475 | ||||||||||||||||
Net settlement | (4,875 | ) | — | |||||||||||||||||
Realized gain recorded in earnings | 2,400 | — | ||||||||||||||||||
Balance, end of period | $ | — | $ | 2,475 | ||||||||||||||||
Schedule of Assets Measured at Fair Value on Nonrecurring Basis | ' | |||||||||||||||||||
The following table sets forth information regarding the Company’s assets that are measured at fair value on a nonrecurring basis and related impairment charges for the years ended December 31, 2013 and 2012: | ||||||||||||||||||||
Fair Value Measurements at Reporting Date Using | ||||||||||||||||||||
Total | Quoted Prices in Active | Significant | Significant | Total Losses | ||||||||||||||||
Markets | Other | Unobservable | ||||||||||||||||||
for Identical | Observable | Inputs (Level 3) | ||||||||||||||||||
Assets (Level 1) | Inputs (Level 2) | |||||||||||||||||||
2013:00:00 | ||||||||||||||||||||
Long-lived assets | $ | 31,900 | $ | — | $ | — | $ | 31,900 | $ | 67,665 | ||||||||||
2012:00:00 | ||||||||||||||||||||
Long-lived assets | $ | 8,173 | $ | — | $ | — | $ | 8,173 | $ | 23,315 | ||||||||||
Schedule of Changes in Level 3 | ' | |||||||||||||||||||
A reconciliation of each Property's carrying values for the year ended December 31, 2012 is as follows: | ||||||||||||||||||||
Imperial Valley | The Courtyard | Total | ||||||||||||||||||
Commons L.P. (1) | at Hickory | |||||||||||||||||||
Hollow (2) | ||||||||||||||||||||
Beginning carrying value, January 1, 2012 | $ | 25,403 | $ | 5,754 | $ | 31,157 | ||||||||||||||
Capital expenditures | 264 | 644 | 908 | |||||||||||||||||
Depreciation expense | (22 | ) | (124 | ) | (146 | ) | ||||||||||||||
Loss on impairment of real estate | (20,315 | ) | (3,000 | ) | (23,315 | ) | ||||||||||||||
Ending carrying value, December 31, 2012 | $ | 5,330 | $ | 3,274 | $ | 8,604 | ||||||||||||||
(1) Imperial Valley Commons L.P. had no revenue for the year ended December 31, 2012 because it consists of land available for expansion. | ||||||||||||||||||||
(2) The revenues of The Courtyard at Hickory Hollow accounted for approximately 0.03% of total consolidated revenues for the year ended December 31, 2012. | ||||||||||||||||||||
A reconciliation of each Property's carrying values for the year ended December 31, 2013 is as follows: | ||||||||||||||||||||
Madison | Citadel Mall (2) | Total | ||||||||||||||||||
Square (1) | ||||||||||||||||||||
Beginning carrying value, January 1, 2013 | $ | 57,231 | $ | 45,178 | $ | 102,409 | ||||||||||||||
Capital expenditures | 5 | 262 | 267 | |||||||||||||||||
Depreciation expense | (2,024 | ) | (1,380 | ) | (3,404 | ) | ||||||||||||||
Loss on impairment of real estate | (47,212 | ) | (20,453 | ) | (67,665 | ) | ||||||||||||||
Ending carrying value, December 31, 2013 | $ | 8,000 | $ | 23,607 | $ | 31,607 | ||||||||||||||
(1) The revenues of Madison Square accounted for approximately 0.7% of total consolidated revenues for the year ended December 31, 2013. | ||||||||||||||||||||
(2) The revenues of Citadel Mall accounted for approximately 0.6% of total consolidated revenues for the year ended December 31, 2013. |
ShareBased_Compensation_Tables
Share-Based Compensation (Tables) | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Share-based Compensation [Abstract] | ' | ||||||
Summary of Company Stock Awards | ' | ||||||
A summary of the status of the Company’s stock awards as of December 31, 2013, and changes during the year ended December 31, 2013, is presented below: | |||||||
Shares | Weighted | ||||||
Average | |||||||
Grant-Date | |||||||
Fair Value | |||||||
Nonvested at January 1, 2013 | 346,860 | $ | 17.06 | ||||
Granted | 352,816 | $ | 20.17 | ||||
Vested | (209,470 | ) | $ | 18.41 | |||
Forfeited | (11,990 | ) | $ | 18.45 | |||
Nonvested at December 31, 2013 | 478,216 | $ | 18.72 | ||||
Quarterly_Information_Unaudite1
Quarterly Information (Unaudited) (Tables) | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | |||||||||||||||||||
Schedule of Quarterly Information | ' | |||||||||||||||||||
The following quarterly information differs from previously reported amounts due to the reclassifications of the results of operations of certain long-lived assets to discontinued operations for all periods presented. See Note 4 for further information. | ||||||||||||||||||||
Year Ended December 31, 2013 | First | Second | Third | Fourth | Total (1) | |||||||||||||||
Quarter | Quarter | Quarter | Quarter | |||||||||||||||||
Total revenues | $ | 258,482 | $ | 255,584 | $ | 257,550 | $ | 282,009 | $ | 1,053,625 | ||||||||||
Income from operations (2) | 93,607 | 77,081 | 97,709 | 62,368 | 330,765 | |||||||||||||||
Income from continuing operations (3) | 37,845 | 16,255 | 52,234 | 8,983 | 115,317 | |||||||||||||||
Discontinued operations | 2,040 | 1,984 | (8,057 | ) | (914 | ) | (4,947 | ) | ||||||||||||
Net income | 39,885 | 18,239 | 44,177 | 8,069 | 110,370 | |||||||||||||||
Net income attributable to the Company | 30,313 | 11,724 | 34,324 | 8,843 | 85,204 | |||||||||||||||
Net income (loss) attributable to common shareholders | 19,090 | 501 | 23,101 | (2,380 | ) | 40,312 | ||||||||||||||
Basic per share data attributable to common shareholders: | ||||||||||||||||||||
Income (loss) from continuing operations, net of preferred dividends | $ | 0.11 | $ | (0.01 | ) | $ | 0.18 | $ | (0.01 | ) | $ | 0.27 | ||||||||
Net income (loss) attributable to common shareholders | $ | 0.12 | $ | 0 | $ | 0.14 | $ | (0.01 | ) | $ | 0.24 | |||||||||
Diluted per share data attributable to common shareholders: | ||||||||||||||||||||
Income (loss) from continuing operations, net of preferred dividends | $ | 0.11 | $ | (0.01 | ) | $ | 0.18 | $ | (0.01 | ) | $ | 0.27 | ||||||||
Net income (loss) attributable to common shareholders | $ | 0.12 | $ | 0 | $ | 0.14 | $ | (0.01 | ) | $ | 0.24 | |||||||||
Year Ended December 31, 2012 | First | Second | Third | Fourth | Total (1) | |||||||||||||||
Quarter | Quarter | Quarter | Quarter | |||||||||||||||||
Total revenues | $ | 238,894 | $ | 244,516 | $ | 249,185 | $ | 270,248 | $ | 1,002,843 | ||||||||||
Income from operations | 89,271 | 92,232 | 94,409 | 94,009 | 369,921 | |||||||||||||||
Income from continuing operations (4) | 32,768 | 34,674 | 36,166 | 82,441 | 186,049 | |||||||||||||||
Discontinued operations | 3,783 | 4,719 | (23,674 | ) | 3,642 | (11,530 | ) | |||||||||||||
Net income | 36,551 | 39,393 | 12,492 | 86,083 | 174,519 | |||||||||||||||
Net income attributable to the Company | 26,049 | 29,391 | 8,074 | 68,086 | 131,600 | |||||||||||||||
Net income (loss) attributable to common shareholders | 15,455 | 18,797 | (2,520 | ) | 52,357 | 84,089 | ||||||||||||||
Basic per share data attributable to common shareholders: | ||||||||||||||||||||
Income from continuing operations, net of preferred dividends | $ | 0.08 | $ | 0.1 | $ | 0.11 | $ | 0.31 | $ | 0.6 | ||||||||||
Net income (loss) attributable to common shareholders | $ | 0.1 | $ | 0.12 | $ | (0.02 | ) | $ | 0.33 | $ | 0.54 | |||||||||
Diluted per share data attributable to common shareholders: | ||||||||||||||||||||
Income from continuing operations, net of preferred dividends | $ | 0.08 | $ | 0.1 | $ | 0.11 | $ | 0.31 | $ | 0.6 | ||||||||||
Net income (loss) attributable to common shareholders | $ | 0.1 | $ | 0.12 | $ | (0.02 | ) | $ | 0.33 | $ | 0.54 | |||||||||
-1 | The sum of quarterly earnings per share may differ from annual earnings per share due to rounding. | |||||||||||||||||||
-2 | Income from operations for the quarters ended June 30, 2013 and December 31, 2013 includes a $20,453 and $47,212 loss on impairment of real estate related to Citadel Mall and Madison Square, respectively (see Note 15). | |||||||||||||||||||
-3 | Income from continuing operations for the quarter ended June 30, 2013 includes a $9,108 loss on extinguishment of debt, which was primarily due to a $8,708 prepayment fee, and a $2,400 gain on investment related to the repayment by Jinsheng of a note receivable (see Note 6 and Note 15). Income from continuing operations for the quarter ended September 30, 2013 includes a partial litigation settlement of $8,240 (see Note 14). | |||||||||||||||||||
-4 | Income from continuing operations for the quarter ended December 31, 2012 includes a $45,072 gain on investment related to the Company's acquisition of a joint venture partner's interest in one Property (see Note 3). |
Organization_Details
Organization (Details) | 12 Months Ended |
In Millions, unless otherwise specified | Dec. 31, 2013 |
Subsidiaries | |
States | |
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | ' |
Number of community centers in which interest is owned by the partnership | 1 |
Number of outlet centers under construction in which interest is owned by the partnership | 1 |
Number of mall redevelopments under construction | 2 |
Louisville Outlet Shoppes [Member] | ' |
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | ' |
Joint venture, ownership percentage | 35.00% |
Subsidiaries [Member] | ' |
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | ' |
Number of states in which entity operates | 27 |
Percentage ownership interest in qualified subsidiaries (in hundredths) | 100.00% |
Number of subsidiaries owned by the company | 2 |
Percentage ownership of the sole general partner in partnership (in hundredths) | 1.00% |
Percentage of limited partnership interest owned by CBL Holdings II, Inc. in the operating partnership (in hundredths) | 84.20% |
Combined percentage ownership by the subsidiaries in operating partnership (in hundredths) | 85.20% |
Parent [Member] | ' |
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | ' |
Number of regional malls/open-air centers in which interest is owned by the partnership | 75 |
Number of associated centers in which interest is owned by the partnership | 25 |
Number of community centers in which interest is owned by the partnership | 7 |
Number of office buildings in which interest is owned by the partnership | 8 |
Percentage ownership of the sole general partner in partnership (in hundredths) | 9.10% |
Percentage of non controlling limited partner interest of third parties in Operating partnership (in hundredth) | 5.70% |
Number of company's common stock owned by CBL's Predecessor (in shares) | 3.4 |
Total combined effective interest of CBL's Predecessor in Operating Partnership (in hundredths) | 10.80% |
Parent [Member] | Louisville Outlet Shoppes [Member] | Woodstock GA Investments LLC [Member] | ' |
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | ' |
Joint venture, ownership percentage | 65.00% |
Noncontrolling Interest [Member] | ' |
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | ' |
Number of regional malls/open-air centers in which interest is owned by the partnership | 9 |
Number of associated centers in which interest is owned by the partnership | 4 |
Number of community centers in which interest is owned by the partnership | 4 |
Number of office buildings in which interest is owned by the partnership | 5 |
Summary_of_Significant_Account3
Summary of Significant Accounting Policies (Real Estate Assets) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Net amortization expense of acquired intangibles | $19,030 | $10,558 | $7,108 |
Future amortization expense, 2014 | 13,421 | ' | ' |
Future amortization expense, 2015 | 10,475 | ' | ' |
Future amortization expense, 2016 | 6,219 | ' | ' |
Future amortization expense, 2017 | 4,537 | ' | ' |
Future amortization expense, 2018 | 2,079 | ' | ' |
Interest expense capitalized | 4,889 | 2,671 | 4,955 |
Intangible lease assets and other assets [Member] | Intangible Leases, Acquired-in-Place, Market Adjustment [Member] | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Intangible lease assets and liabilities, Cost | 65,932 | 69,360 | ' |
Intangible lease assets and liabilities, Accumulated Amortization | -41,230 | -37,454 | ' |
Intangible lease assets and other assets [Member] | Intangible Leases, Acquired-in-Place [Member] | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Intangible lease assets and liabilities, Cost | 111,769 | 117,631 | ' |
Intangible lease assets and liabilities, Accumulated Amortization | -60,243 | -46,767 | ' |
Intangible lease assets and other assets [Member] | Intangible Leases, Tenant Relationships [Member] | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Intangible lease assets and liabilities, Cost | 27,381 | 27,880 | ' |
Intangible lease assets and liabilities, Accumulated Amortization | -4,004 | -3,350 | ' |
Accounts payable and accrued liabilities [Member] | Intangible Leases, Acquired-in-Place, Market Adjustment [Member] | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Intangible lease assets and liabilities, Cost | 101,901 | 104,012 | ' |
Intangible lease assets and liabilities, Accumulated Amortization | ($64,046) | ($57,625) | ' |
Buildings [Member] | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Estimated useful life | '40 years | ' | ' |
Certain Improvements [Member] | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Estimated useful lives, description | '10 to 20 | ' | ' |
Certain Improvements [Member] | Minimum [Member] | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Estimated useful life | '10 years | ' | ' |
Certain Improvements [Member] | Maximum [Member] | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Estimated useful life | '20 years | ' | ' |
Equipment and Fixtures [Member] | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Estimated useful lives, description | '7 to 10 | ' | ' |
Equipment and Fixtures [Member] | Minimum [Member] | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Estimated useful life | '7 years | ' | ' |
Equipment and Fixtures [Member] | Maximum [Member] | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Estimated useful life | '10 years | ' | ' |
Summary_of_Significant_Account4
Summary of Significant Accounting Policies (Restricted Cash) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Restricted Cash and Cash Equivalents Items [Line Items] | ' | ' |
Restricted cash | $46,252 | $42,880 |
Funds held in trust account for certain construction costs [Member] | ' | ' |
Restricted Cash and Cash Equivalents Items [Line Items] | ' | ' |
Restricted cash | $81 | $110 |
Summary_of_Significant_Account5
Summary of Significant Accounting Policies (Allowance for Doubtful Accounts) (Details) (Allowance for Tenant Receivables [Member], USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Allowance for Tenant Receivables [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Provision for doubtful accounts | $1,253 | $798 | $1,670 |
Summary_of_Significant_Account6
Summary of Significant Accounting Policies (Investments in Unconsolidated Affiliates) (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Accounting Policies [Abstract] | ' | ' |
Net difference between investment and underlying equity in unconsolidated affiliates | $14,650 | $11,674 |
Summary_of_Significant_Account7
Summary of Significant Accounting Policies (Deferred Financing Costs) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Accounting Policies [Abstract] | ' | ' | ' |
Deferred financing costs | $25,061 | $24,821 | ' |
Amortization expense | 7,468 | 10,263 | 11,744 |
Accumulated amortization | $14,656 | $8,932 | ' |
Summary_of_Significant_Account8
Summary of Significant Accounting Policies (Marketable Securities) (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2011 | Dec. 31, 2012 | |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Net realized gain (loss) on available-for-sale securities | $0 | ($22,000) | ' |
Adjusted Cost | ' | ' | 15,318,000 |
Gross Unrealized Gains | ' | ' | 12,361,000 |
Gross Unrealized Losses | ' | ' | 0 |
Fair Value | ' | ' | 27,679,000 |
Common Stocks [Member] | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Adjusted Cost | 4,195,000 | ' | 4,195,000 |
Gross Unrealized Gains | 9,778,000 | ' | 12,361,000 |
Gross Unrealized Losses | 0 | ' | 0 |
Fair Value | 13,973,000 | ' | 16,556,000 |
Government and government sponsored entities [Member] | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Adjusted Cost | ' | ' | 11,123,000 |
Gross Unrealized Gains | ' | ' | 0 |
Gross Unrealized Losses | ' | ' | 0 |
Fair Value | ' | ' | $11,123,000 |
Summary_of_Significant_Account9
Summary of Significant Accounting Policies (Interest Rate Hedging Instruments) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Accounting Policies [Abstract] | ' | ' |
Fair value of cash flow hedges | ($4,007) | ($5,805) |
Recovered_Sheet1
Summary of Significant Accounting Policies (Revenue Recognition) (Details) | 12 Months Ended |
Dec. 31, 2013 | |
Accounting Policies [Abstract] | ' |
Tenant reimbursements period related to certain capital expenditures, minimum (in years) | '5 years |
Tenant reimbursements period related to certain capital expenditures, maximum (in years) | '15 years |
Recovered_Sheet2
Summary of Significant Accounting Policies (Income Taxes) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Accounting Policies [Abstract] | ' | ' | ' |
Percentage of taxable income required to be distributed to shareholders | 90.00% | ' | ' |
State tax expense | $3,570 | $3,530 | $3,766 |
Income tax provision (benefit) | 1,305 | 1,404 | -269 |
Current income tax provision (benefit) | -518 | 1,691 | 5,426 |
Deferred income tax provision (benefit) | 1,823 | 3,095 | 5,695 |
Net deferred tax asset | $4,893 | $6,607 | ' |
Recovered_Sheet3
Summary of Significant Accounting Policies (Concentration of Credit Risk) (Details) (Customer Concentration Risk [Member]) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Customer Concentration Risk [Member] | ' | ' | ' |
Concentration Risk [Line Items] | ' | ' | ' |
Concentration Risk, Percentage | 3.40% | 3.40% | 3.40% |
Recovered_Sheet4
Summary of Significant Accounting Policies (Earnings Per Share) (Details) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Stock Options [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Antidilutive securities excluded from computation of diluted earnings per share, stock options | 0 | 0 | 23,000 |
CBL & Associates Limited Partnership [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Denominator b basic | 196,572,000 | 190,223,000 | 190,335,000 |
Stock options | 0 | 3,000 | 3,000 |
Deemed shares related to deferred compensation arrangements | 0 | 42,000 | 42,000 |
Denominator b diluted | 196,572,000 | 190,268,000 | 190,380,000 |
CBL & Associates Properties, Inc. [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Denominator b basic | 167,027,000 | 154,762,000 | 148,289,000 |
Stock options | 0 | 3,000 | 3,000 |
Deemed shares related to deferred compensation arrangements | 0 | 42,000 | 42,000 |
Denominator b diluted | 167,027,000 | 154,807,000 | 148,334,000 |
Recovered_Sheet5
Summary of Significant Accounting Policies (Components of AOCI) (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ' | ' | ' |
Realized gain on available-for-sale securities, reclassified | $0 | ' | ($22,000) |
CBL & Associates Properties Inc [Member] | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ' | ' | ' |
Realized gain on available-for-sale securities, reclassified | ' | 224,000 | ' |
CBL & Associates Properties, Inc. [Member] | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ' | ' | ' |
Accumulated other comprehensive income (loss), beginning balance | 6,986,000 | ' | ' |
OCI before reclassifications | 1,529,000 | 6,038,000 | ' |
Amounts reclassified from AOCI | -2,297,000 | -2,043,000 | ' |
Net year-to-date period OCI | -762,000 | 3,974,000 | -5,665,000 |
Accumulated other comprehensive income (loss), ending balance | 6,325,000 | 6,986,000 | ' |
Accumulated other comprehensive income (loss), Total | 5,644,000 | 6,412,000 | 2,417,000 |
Net year-to-date period OCI, Total | -768,000 | 3,995,000 | -5,713,000 |
Realized gain on available-for-sale securities, reclassified | 0 | 224,000 | -22,000 |
CBL & Associates Properties, Inc. [Member] | Redeemable Noncontrolling Interest, Unrealized Gains (Losses), Hedging Agreements [Member] | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ' | ' | ' |
Accumulated other comprehensive income (loss), beginning balance | 373,000 | 377,000 | ' |
OCI before reclassifications | 14,000 | -4,000 | ' |
Amounts reclassified from AOCI | 0 | 0 | ' |
Net year-to-date period OCI | 14,000 | -4,000 | ' |
Accumulated other comprehensive income (loss), ending balance | 387,000 | 373,000 | ' |
CBL & Associates Properties, Inc. [Member] | Redeemable Noncontrolling Interest, Unrealized Gains (Losses), Available-for-Sale Securities [Member] | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ' | ' | ' |
Accumulated other comprehensive income (loss), beginning balance | 353,000 | 328,000 | ' |
OCI before reclassifications | -20,000 | 23,000 | ' |
Amounts reclassified from AOCI | 0 | 2,000 | ' |
Net year-to-date period OCI | -20,000 | 25,000 | ' |
Accumulated other comprehensive income (loss), ending balance | 333,000 | 353,000 | ' |
CBL & Associates Properties, Inc. [Member] | The Company, Unrealized Gains (Losses), Hedging Agreements [Member] | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ' | ' | ' |
Accumulated other comprehensive income (loss), beginning balance | -2,756,000 | -2,628,000 | ' |
OCI before reclassifications | 3,839,000 | 2,139,000 | ' |
Amounts reclassified from AOCI | -2,297,000 | -2,267,000 | ' |
Net year-to-date period OCI | 1,542,000 | -128,000 | ' |
Accumulated other comprehensive income (loss), ending balance | -1,214,000 | -2,756,000 | ' |
CBL & Associates Properties, Inc. [Member] | The Company, Unrealized Gains (Losses), Available-for-Sale Securities [Member] | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ' | ' | ' |
Accumulated other comprehensive income (loss), beginning balance | 9,742,000 | 6,053,000 | ' |
OCI before reclassifications | -2,203,000 | 3,510,000 | ' |
Amounts reclassified from AOCI | 0 | 179,000 | ' |
Net year-to-date period OCI | -2,203,000 | 3,689,000 | ' |
Accumulated other comprehensive income (loss), ending balance | 7,539,000 | 9,742,000 | ' |
CBL & Associates Properties, Inc. [Member] | Noncontrolling Interests, Unrealized Gains (Losses), Hedging Agreements [Member] | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ' | ' | ' |
Accumulated other comprehensive income (loss), beginning balance | -3,563,000 | -3,488,000 | ' |
OCI before reclassifications | 259,000 | -75,000 | ' |
Amounts reclassified from AOCI | 0 | 0 | ' |
Net year-to-date period OCI | 259,000 | -75,000 | ' |
Accumulated other comprehensive income (loss), ending balance | -3,304,000 | -3,563,000 | ' |
CBL & Associates Properties, Inc. [Member] | Noncontrolling Interests, Unrealized Gains (Losses), Available-for-Sale Securities [Member] | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ' | ' | ' |
Accumulated other comprehensive income (loss), beginning balance | 2,263,000 | 1,775,000 | ' |
OCI before reclassifications | -360,000 | 445,000 | ' |
Amounts reclassified from AOCI | 0 | 43,000 | ' |
Net year-to-date period OCI | -360,000 | 488,000 | ' |
Accumulated other comprehensive income (loss), ending balance | 1,903,000 | 2,263,000 | ' |
CBL & Associates Limited Partnership [Member] | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ' | ' | ' |
Accumulated other comprehensive income (loss), beginning balance | 5,685,000 | ' | ' |
OCI before reclassifications | 1,529,000 | 6,038,000 | ' |
Amounts reclassified from AOCI | -2,297,000 | -2,043,000 | ' |
Net year-to-date period OCI | -762,000 | 3,974,000 | -5,665,000 |
Accumulated other comprehensive income (loss), ending balance | 4,923,000 | 5,685,000 | ' |
Accumulated other comprehensive income (loss), Total | 5,644,000 | 6,412,000 | 2,417,000 |
Net year-to-date period OCI, Total | -768,000 | 3,995,000 | -5,713,000 |
Realized gain on available-for-sale securities, reclassified | 0 | 224,000 | -22,000 |
CBL & Associates Limited Partnership [Member] | Redeemable Common Units, Unrealized Gains (Losses), Hedging Agreements [Member] | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ' | ' | ' |
Accumulated other comprehensive income (loss), beginning balance | 373,000 | 377,000 | ' |
OCI before reclassifications | 14,000 | -4,000 | ' |
Amounts reclassified from AOCI | 0 | 0 | ' |
Net year-to-date period OCI | 14,000 | -4,000 | ' |
Accumulated other comprehensive income (loss), ending balance | 387,000 | 373,000 | ' |
CBL & Associates Limited Partnership [Member] | Redeemable Common Units, Unrealized Gains (Losses), Available-for-Sale Securities [Member] | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ' | ' | ' |
Accumulated other comprehensive income (loss), beginning balance | 353,000 | 328,000 | ' |
OCI before reclassifications | -20,000 | 23,000 | ' |
Amounts reclassified from AOCI | 0 | 2,000 | ' |
Net year-to-date period OCI | -20,000 | 25,000 | ' |
Accumulated other comprehensive income (loss), ending balance | 333,000 | 353,000 | ' |
CBL & Associates Limited Partnership [Member] | Partners' Capital, Unrealized Gains (Losses), Hedging Agreements [Member] | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ' | ' | ' |
Accumulated other comprehensive income (loss), beginning balance | -6,319,000 | -6,116,000 | ' |
OCI before reclassifications | 4,098,000 | 2,064,000 | ' |
Amounts reclassified from AOCI | -2,297,000 | -2,267,000 | ' |
Net year-to-date period OCI | 1,801,000 | -203,000 | ' |
Accumulated other comprehensive income (loss), ending balance | -4,518,000 | -6,319,000 | ' |
CBL & Associates Limited Partnership [Member] | Partners' Capital, Unrealized Gains (Losses), Available-for-Sale Securities [Member] | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ' | ' | ' |
Accumulated other comprehensive income (loss), beginning balance | 12,005,000 | 7,828,000 | ' |
OCI before reclassifications | -2,563,000 | 3,955,000 | ' |
Amounts reclassified from AOCI | 0 | 222,000 | ' |
Net year-to-date period OCI | -2,563,000 | 4,177,000 | ' |
Accumulated other comprehensive income (loss), ending balance | 9,442,000 | 12,005,000 | ' |
CBL And Associates Limited Partnership [Member] | The Company, Unrealized Gains (Losses), Hedging Agreements [Member] | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ' | ' | ' |
Amounts reclassified from AOCI | ($2,297,000) | ($2,267,000) | ' |
Acquisitions_Summary_Details
Acquisitions (Summary) (Details) (USD $) | 3 Months Ended | 12 Months Ended | 1 Months Ended | ||||||||||||||||||||
In Thousands, unless otherwise specified | Mar. 31, 2013 | Dec. 31, 2012 | Dec. 10, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Apr. 30, 2013 | Dec. 31, 2012 | 31-May-12 | Apr. 30, 2012 | Apr. 30, 2012 | Apr. 30, 2012 | Apr. 30, 2012 | Apr. 30, 2012 | Apr. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2011 | Apr. 30, 2012 | Apr. 30, 2013 | Dec. 31, 2012 | Dec. 27, 2012 | Apr. 30, 2012 |
CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | Kirkwood Mall [Member] | Kirkwood Mall [Member] | Dakota Square Mall [Member] | Outlet Shoppes at Gettysburg [Member] | Outlet Shoppes at Gettysburg [Member] | El Paso Outlet Outparcel Land [Member] | Outlet Shoppes at El Paso and El Paso Outparcels [Member] | Outlet Shoppes at El Paso [Member] | Outlet Shoppes at El Paso [Member] | Imperial Valley Mall [Member] | Northgate Mall [Member] | El Paso Outlet Shopping Center [Member] | Kirkwood Mall Mezz, LLC [Member] | Kirkwood Mall Mezz, LLC [Member] | Kirkwood Mall Mezz, LLC [Member] | Outlet Shoppes at El Paso [Member] | |||||
CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | joint_venture | |||||||||||||||||||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Business combination, ownership percentage | ' | ' | 30.00% | ' | ' | ' | ' | 51.00% | 49.00% | 100.00% | 50.00% | ' | 50.00% | ' | 75.00% | ' | 40.00% | 100.00% | ' | ' | ' | 49.00% | 75.00% |
Business combination, purchase price | ' | $127,706 | ' | $11,500 | ' | ' | ' | ' | ' | ' | ' | ' | ' | $116,775 | ' | ' | ' | ' | ' | $121,500 | ' | ' | ' |
Mortgage note payables assumed | ' | -259,470 | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 66,924 | 5,775 | ' | ' | ' | ' | ' | 40,368 | ' | ' |
Business combination, cash paid | ' | 123,184 | ' | ' | ' | ' | ' | 41,378 | 39,754 | 32,474 | 0 | ' | 3,864 | ' | 35,456 | ' | 15,500 | 11,500 | 31,592 | ' | ' | ' | ' |
Business combination, debt assumed | ' | 170,308 | ' | ' | ' | ' | ' | 20,587 | 19,781 | 59,001 | 40,631 | 20,315 | ' | ' | 50,193 | ' | 21,018 | 0 | ' | ' | ' | ' | ' |
Business combination, other | ' | 4,522 | ' | ' | ' | ' | ' | 0 | 0 | 0 | 4,522 | ' | ' | ' | 0 | ' | 0 | 0 | ' | ' | ' | ' | ' |
Significant Acquisitions and Disposals, Acquisition Costs or Sale Proceeds | ' | 298,014 | ' | ' | ' | ' | ' | 61,965 | 59,535 | 91,475 | 24,837 | ' | ' | ' | 85,649 | ' | 36,518 | 11,500 | ' | ' | ' | ' | ' |
Business combination, remeasurement gain recognized on interest owned prior to acquisition | ' | ' | ' | ' | 2,400 | 45,072 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 45,072 | ' | ' | ' | ' | ' | ' |
Number of joint ventures | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3 | ' | ' | ' | ' | ' | ' |
Fixed interest, percentage rate | ' | ' | ' | ' | ' | ' | ' | ' | 5.75% | 6.23% | 5.87% | ' | ' | 7.06% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Business Acquisition, Purchase Price Allocation, Mortgage Notes Payable Premium | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,040 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Unamortized Discount (Premium), Net | ' | ' | ' | ' | -5,689 | ' | ' | ' | 2,970 | ' | ' | ' | ' | 7,700 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Business Acquisition Mortgage Notes Payable Fair Value Interest Rate Assumed Percentage | ' | ' | ' | ' | ' | ' | ' | ' | 4.25% | 4.75% | ' | ' | ' | ' | 4.75% | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from loan repaid by acquiree | 3,525 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9,150 | 6,862 | ' | ' | ' | ' | ' | ' | ' |
Payments to acquire entity, net of cash acquired | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $28,594 | ' | ' | ' | ' | ' | ' | ' | ' |
Acquisitions_Assets_Acquired_L
Acquisitions (Assets Acquired Liabilities Assumed) (Details) (USD $) | Dec. 31, 2012 | Dec. 31, 2011 | Apr. 30, 2012 |
In Thousands, unless otherwise specified | Outlet Shoppes at El Paso and El Paso Outparcels [Member] | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract] | ' | ' | ' |
Land | $87,869 | $2,330 | ' |
Buildings and improvements | 379,763 | 8,220 | ' |
Investments in unconsolidated affiliates | 3,864 | 0 | ' |
Tenant improvements | 15,328 | 0 | ' |
Above-market leases | 15,359 | 2,030 | ' |
In-place leases | 65,814 | 1,570 | ' |
Total assets | 567,997 | 14,150 | ' |
Mortgage note payables assumed | 259,470 | 0 | -66,924 |
Debt premium | 15,334 | 0 | ' |
Below-market leases | 39,698 | 2,650 | ' |
Noncontrolling interest | 60,295 | 0 | ' |
Value of Company's interest in joint ventures | 65,494 | 0 | ' |
Net assets acquired | $127,706 | $11,500 | $116,775 |
Discontinued_Operations_Summar
Discontinued Operations (Summary) (Details) (USD $) | 3 Months Ended | 12 Months Ended | 1 Months Ended | 3 Months Ended | 1 Months Ended | 12 Months Ended | 1 Months Ended | 3 Months Ended | 1 Months Ended | 3 Months Ended | 1 Months Ended | 3 Months Ended | 1 Months Ended | 3 Months Ended | 1 Months Ended | 3 Months Ended | 1 Months Ended | 3 Months Ended | 12 Months Ended | ||||||||||||
In Thousands, unless otherwise specified | Jun. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Aug. 31, 2013 | Sep. 30, 2013 | Mar. 31, 2013 | Mar. 31, 2013 | Jan. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2012 | Sep. 30, 2012 | Oct. 31, 2012 | Sep. 30, 2012 | Oct. 31, 2012 | Sep. 30, 2012 | Jul. 31, 2012 | Mar. 31, 2012 | Jun. 30, 2011 | Jan. 31, 2012 | Mar. 31, 2012 | Dec. 31, 2011 | Nov. 30, 2011 | Feb. 28, 2011 | Mar. 31, 2011 | Jun. 30, 2010 | Dec. 31, 2011 | Dec. 31, 2011 |
Properties | Properties | Georgia Square, Panama City, and Rivergate [Member] | Georgia Square, Panama City, and Rivergate [Member] | 1500 Sunday Drive [Member] | Peninsula I and II [Member] | Lake Point and SunTrust [Member] | 706 and 708 Green Valley Road [Member] | Various [Member] | Various [Member] | Various [Member] | Willowbrook Plaza [Member] | Willowbrook Plaza [Member] | Towne Mall [Member] | Towne Mall [Member] | Hickory Hollow Mall [Member] | Hickory Hollow Mall [Member] | Massard Crossing [Member] | Settlers Ridge Phase II [Member] | Settlers Ridge Phase II [Member] | Oak Hollow Square [Member] | Oak Hollow Square [Member] | Oak Hollow Square [Member] | Westridge Square [Member] | Oak Hollow Mall [Member] | Oak Hollow Mall [Member] | Oak Hollow Mall [Member] | Settler's Ridge - Phase I [Member] | Pemberton Square [Member] | |||
Properties | |||||||||||||||||||||||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Discontinued operation, Sales Price, Gross | ' | $220,425 | $67,594 | $35,125 | $176,000 | ' | $8,300 | $5,250 | $30,875 | ' | ' | ' | ' | $24,450 | ' | $950 | ' | $1,000 | ' | $7,803 | $19,144 | ' | $14,247 | ' | ' | $26,125 | $9,000 | ' | ' | ' | ' |
Discontinued operation, Sales Price, Net | ' | 215,450 | 66,208 | 34,615 | 171,977 | ' | 7,862 | 5,121 | 30,490 | ' | ' | ' | ' | 24,171 | ' | 892 | ' | 966 | ' | 7,432 | 18,951 | ' | 13,796 | ' | ' | 25,768 | 8,847 | ' | ' | ' | ' |
Discontinued operation, Gain/(Loss) | ' | 1,144 | 938 | -1 | -19 | -5,234 | -549 | 598 | 823 | 281 | 10 | -33 | 47 | 0 | -17,743 | -3 | -419 | -6 | -8,047 | 98 | 883 | -4,457 | -1 | -255 | -729 | -160 | 6 | -2,746 | -25,435 | 67 | 39 |
Number of properties sold | ' | 2 | 2 | ' | 6 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Retirement of non-recourse loan and accrued interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 40,281 | ' | ' | ' | ' |
Gain on extinguishment of debt | $9,108 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $31,434 | ' | ' | ' |
Discontinued_Operations_Detail
Discontinued Operations (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' | ' | ' |
Revenues of discontinued operations | $15,468 | $43,911 | $50,696 |
Sold Centers in 2012 [Member] | ' | ' | ' |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' | ' | ' |
Real estate investment property, net | $219,833 | ' | ' |
Unconsolidated_Affiliates_and_2
Unconsolidated Affiliates and Cost Method Investments (Details) | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Jan. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 |
entities | CBL TC LLC [Member] | CBL-TRS Joint Venture LLC [Member] | CBL-TRS Joint Venture II LLC [Member] | El Paso Outlet Outparcels, LLC [Member] | Fremaux Town Center JV, LLC [Member] | Fremaux Town Center JV, LLC [Member] | Governors Square Ib [Member] | Governors Square Company [Member] | High Pointe Commons Lp [Member] | High Pointe Commons Ii Hap Lp [Member] | Kentucky Oaks Mall Company [Member] | Mall Of South Carolina L P [Member] | Mall Of South Carolina Outparcel L P [Member] | Port Orange I LLC [Member] | York Town Center LP [Member] | |
CoolSprings Galleria, Oak Park Mall, West County Center and Pearland Town Center [Member] | Friendly Center [Member] | Renaissance Center [Member] | The Outlet Shoppes at El Paso vacant land [Member] | Fremaux Town Center [Member] | Governor's Plaza [Member] | Governor's Square [Member] | High Point Commons [Member] | High Point Commons - Christmas Tree Shop [Member] | Kentucky Oaks Mall [Member] | Coastal Grand - MyrtleBeach [Member] | Coastal Grand, Myrtle Beach - Coastal Grand Crossing and Vacant Land [Member] | The Pavilion at Port Orange - Phase I [Member] | York Town Center [Member] | |||
Schedule of Equity Method Investments [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of entities - equity method of accounting | 17 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Joint venture, ownership percentage | ' | 60.30% | 50.00% | 50.00% | 50.00% | 35.00% | 65.00% | 50.00% | 47.50% | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% |
Unconsolidated_Affiliates_and_3
Unconsolidated Affiliates and Cost Method Investments (Summarized Financial Information) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Equity Method Investment, Summarized Financial Information, Balance Sheet [Abstract] | ' | ' | ' |
Investment in real estate assets | $2,167,227 | $2,143,187 | ' |
Accumulated depreciation | -555,174 | -492,864 | ' |
Investment in real estate, net | 1,612,053 | 1,650,323 | ' |
Developments in progress | 103,161 | 21,809 | ' |
Net investment in real estate assets | 1,715,214 | 1,672,132 | ' |
Other assets | 168,799 | 175,540 | ' |
Total assets | 1,884,013 | 1,847,672 | ' |
Mortgage and other indebtedness | 1,468,422 | 1,456,622 | ' |
Other liabilities | 48,203 | 48,538 | ' |
Total liabilities | 1,516,625 | 1,505,160 | ' |
The Company | 213,664 | 196,694 | ' |
Other investors | 153,724 | 145,818 | ' |
Total owners' equity | 367,388 | 342,512 | ' |
Total liabilities and ownersb equity | 1,884,013 | 1,847,672 | ' |
Equity Method Investment, Summarized Financial Information, Income Statement [Abstract] | ' | ' | ' |
Revenues | 243,215 | 251,628 | 177,222 |
Depreciation and amortization | -76,323 | -82,534 | -58,538 |
Other operating expenses | -72,166 | -76,567 | -53,417 |
Income from operations | 94,726 | 92,527 | 65,267 |
Interest income | 1,359 | 1,365 | 1,420 |
Interest expense | -76,934 | -84,421 | -59,972 |
Gain on sales of real estate assets | 102 | 2,063 | 1,744 |
Net income | $19,253 | $11,534 | $8,459 |
Unconsolidated_Affiliates_and_4
Unconsolidated Affiliates and Cost Method Investments Joint Venture Financings (Details) (USD $) | Jun. 30, 2012 | Sep. 30, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Nov. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Nov. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Mar. 31, 2013 | Mar. 31, 2013 | Mar. 31, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Jul. 31, 2012 | Jul. 31, 2012 | Feb. 29, 2012 | Feb. 29, 2012 | Jan. 31, 2012 | Feb. 29, 2012 |
LIBOR [Member] | The Pavilion at Port Orange - Phase I [Member] | The Pavilion at Port Orange - Phase I [Member] | The Pavilion at Port Orange - Phase I [Member] | The Pavilion at Port Orange - Phase I [Member] | Hammock Landing - Phase I [Member] | Hammock Landing - Phase I [Member] | Hammock Landing - Phase I [Member] | Hammock Landing - Phase II [Member] | Hammock Landing - Phase II [Member] | Hammock Landing - Phase II [Member] | Hammock Landing - Phase II [Member] | Renaissance Center - Phase II [Member] | Friendly Center [Member] | Fremaux Town Center - Phase I [Member] | Fremaux Town Center - Phase I [Member] | West County Center [Member] | West County Center [Member] | Gulf Coast Town Center - Phase III [Member] | Gulf Coast Town Center - Phase III [Member] | York Town Center [Member] | The Pavilion at Port Orange [Member] | The Pavilion at Port Orange [Member] | The Pavilion at Port Orange [Member] | ||
Extension_Options | LIBOR [Member] | LIBOR [Member] | LIBOR [Member] | Extension_Options | LIBOR [Member] | LIBOR [Member] | Extension_Options | Forecast [Member] | LIBOR [Member] | LIBOR [Member] | Loans | Extension_Options | LIBOR [Member] | LIBOR [Member] | LIBOR [Member] | ||||||||||
Fremaux Town Center [Member] | Forecast [Member] | ||||||||||||||||||||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amount Financed or Extended | ' | ' | $62,600,000 | ' | ' | ' | $41,068,000 | ' | ' | $10,757,000 | ' | ' | ' | $16,000,000 | $100,000,000 | $46,000,000 | ' | $190,000,000 | ' | $7,000,000 | ' | $38,000,000 | $64,950,000 | ' | ' |
Stated Interest Rate | 5.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.49% | 3.48% | ' | ' | ' | 3.40% | ' | ' | 4.90% | ' | ' | ' |
Basis spread on variable rate | ' | 9.00% | ' | 2.00% | 3.50% | 2.00% | ' | 2.00% | 3.50% | ' | ' | 2.25% | 2.00% | ' | ' | ' | 2.13% | ' | ' | ' | 2.50% | ' | ' | ' | 3.50% |
Number of one-year extension options available | ' | ' | 2 | ' | ' | ' | 2 | ' | ' | 2 | ' | ' | ' | ' | ' | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Extension option, term | ' | ' | '1 year | ' | ' | ' | '1 year | ' | ' | '1 year | ' | ' | ' | ' | ' | '1 year | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt guaranteed by Company (percent) | ' | ' | 25.00% | ' | ' | ' | 25.00% | ' | ' | 100.00% | 25.00% | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Retirement of loan | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15,700,000 | 100,000,000 | ' | ' | 142,235,000 | ' | ' | ' | 39,379,000 | 3,332,000 | ' | ' |
Number of loans retired | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from issuance of long-term debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 189,687,000 | ' | ' | ' | ' | ' | ' | ' |
Guarantors percentage obligation for construction loan | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | 100.00% | ' | ' |
Construction loan, stated interest rate, floor | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.00% |
Debt instrument, face value | $22,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $98,883,000 | ' |
Unconsolidated_Affiliates_and_5
Unconsolidated Affiliates and Cost Method Investments (Joint Ventures) (Details) (USD $) | 3 Months Ended | 12 Months Ended | 1 Months Ended | 1 Months Ended | 1 Months Ended | 1 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 1 Months Ended | 1 Months Ended | ||||||||||||||||||||
Mar. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 10, 2012 | Jun. 30, 2012 | Jan. 31, 2013 | Apr. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2013 | Oct. 31, 2011 | Feb. 29, 2012 | Dec. 31, 2013 | Apr. 30, 2012 | Apr. 30, 2012 | Oct. 31, 2011 | Oct. 31, 2011 | Dec. 31, 2011 | Oct. 31, 2011 | Oct. 31, 2011 | Oct. 31, 2011 | Dec. 31, 2011 | Oct. 31, 2011 | Jan. 31, 2013 | Dec. 31, 2013 | Apr. 30, 2012 | Apr. 30, 2012 | Jan. 31, 2013 | Jan. 31, 2013 | Jul. 31, 2012 | |
The Company [Member] | Outlet Shoppes at El Paso [Member] | Imperial Valley Mall [Member] | West County Center [Member] | West County Center [Member] | Pearland Town Center [Member] | York Town Center [Member] | The Pavilion at Port Orange - Phase I [Member] | Outlet Shoppes at El Paso [Member] | Outlet Shoppes at El Paso [Member] | CBL TC LLC [Member] | CBL TC LLC [Member] | CBL TC LLC [Member] | CBL TC LLC [Member] | CBL TC LLC [Member] | CBL TC LLC [Member] | CBL TC LLC [Member] | CBL TC LLC [Member] | Fremaux Town Center JV, LLC [Member] | El Paso Outlet Outparcels, LLC [Member] | El Paso Outlet Outparcels, LLC [Member] | El Paso Outlet Outparcels, LLC [Member] | Fremaux Town Center [Member] | Fremaux Town Center [Member] | JG Gulf Coast Town Center LLC [Member] | |||||||
TIAA-CREF [Member] | Extension_Options | TIAA-CREF [Member] | CoolSprings Galleria, Oak Park Mall and West County Center Interest [Member] | CoolSprings Galleria, Oak Park Mall and West County Center Interest [Member] | Pearland Town Center [Member] | Pearland Town Center [Member] | Pearland Town Center [Member] | Pearland town Center and Oak Park Mall Interest [Member] | The Outlet Shoppes at El Paso vacant land [Member] | The Outlet Shoppes at El Paso vacant land [Member] | The Outlet Shoppes at El Paso vacant land [Member] | The Company [Member] | |||||||||||||||||||
TIAA-CREF [Member] | TIAA-CREF [Member] | Horizon Group Properties [Member] | |||||||||||||||||||||||||||||
Schedule of Equity Method Investments [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, face value | ' | ' | ' | ' | ' | $22,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Guarantors percentage obligation for construction loan | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% |
Capital expenditures incurred but not yet paid | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 26,439,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investments in unconsolidated affiliates | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 116,397,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Contributions from noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 18,264,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Acquire controlling interests in shopping center properties | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 222,242,000 | ' | ' | ' | ' | ' | 207,410,000 | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, fixed interest rate (percent) | ' | ' | ' | ' | ' | 5.00% | ' | ' | ' | ' | 3.40% | ' | 4.90% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from issuance of long-term debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | 189,687,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Retirement of term loan | ' | ' | ' | ' | ' | ' | ' | ' | ' | 142,235,000 | ' | ' | 39,379,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Noncash or part noncash acquisition, debt assumed | ' | 0 | 220,634,000 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 359,334,000 | ' | ' | ' | ' | ' | 174,320,000 | ' | ' | ' | ' | ' | ' | ' |
Equity method investment, aggregate cost | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 381,730,000 | ' | ' | ' | ' | ' | ' | ' |
Proceeds from reimbursement of preformation expenditures from joint venture | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,526,000 | ' | ' | ' | ' | ' | ' | ' |
Repayments of lines of credit | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 204,210,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Joint venture, ownership percentage | ' | ' | ' | ' | ' | ' | 65.00% | ' | 60.00% | ' | ' | ' | ' | ' | ' | 75.00% | ' | ' | 50.00% | 50.00% | 88.00% | 12.00% | ' | ' | 35.00% | 50.00% | ' | 50.00% | ' | ' | ' |
Contributions from CBL related to exercises of stock options | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20,500,000 | 18,450,000 | ' |
Debt guaranteed by Company (percent) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amount Financed or Extended | ' | ' | ' | ' | ' | ' | ' | ' | ' | 190,000,000 | ' | ' | 38,000,000 | 62,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of one-year extension options available | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of shareholders consent required | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 90.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred return percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8.00% | 8.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gain on sales of real estate assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 54,327,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Aggregate unreturned contributions to coventurer before Company receives distributions, maximum | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Aggregate unreturned contributions to Company before distributions begin prorata, maximum | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 44,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Business acquisition, ownership percentage acquired | ' | ' | ' | ' | 30.00% | ' | ' | 75.00% | 40.00% | ' | ' | ' | ' | ' | 75.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | ' | ' | ' | ' |
Business combination, purchase price | ' | ' | 127,706,000 | 11,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,864,000 | ' | ' | ' | ' |
Proceeds from collection of notes receivable | $3,525,000 | ' | ' | ' | ' | ' | ' | $9,150,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unconsolidated_Affiliates_and_6
Unconsolidated Affiliates and Cost Method Investments (Cost Method Investments) (Details) (Jinsheng [Member]) | 12 Months Ended |
Dec. 31, 2013 | |
Malls | |
Jinsheng [Member] | ' |
Cost Method Investments [Abstract] | ' |
Percentage of ownership interest in Jinsheng (in hundredths) | 6.20% |
Number of malls owned by subsidiary | 8 |
Number of series 2 ordinary shares secured against convertible security notes | 16,565,534 |
Noncontrolling interest, increase in ownership percentage | 2.28% |
Mortgage_and_Other_Indebtednes2
Mortgage and Other Indebtedness (Details) (USD $) | 1 Months Ended | 3 Months Ended | 3 Months Ended | 12 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | 1 Months Ended | 1 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 1 Months Ended | 3 Months Ended | 12 Months Ended | 1 Months Ended | 1 Months Ended | 3 Months Ended | 1 Months Ended | 1 Months Ended | 3 Months Ended | 1 Months Ended | 3 Months Ended | 1 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 1 Months Ended | 1 Months Ended | 12 Months Ended | 1 Months Ended | 1 Months Ended | 1 Months Ended | 1 Months Ended | 1 Months Ended | 1 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Jan. 31, 2013 | Jun. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2011 | Dec. 31, 2013 | Feb. 22, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | 14-May-13 | Dec. 31, 2012 | 14-May-13 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Sep. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Mar. 31, 2013 | Dec. 31, 2013 | Jan. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Nov. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Aug. 31, 2013 | Feb. 28, 2013 | Apr. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Jun. 30, 2013 | Apr. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2013 | Jun. 30, 2013 | Apr. 30, 2013 | Jan. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Apr. 30, 2012 | Mar. 31, 2012 | Mar. 31, 2012 | Mar. 31, 2012 | Mar. 31, 2012 | Feb. 29, 2012 | Dec. 31, 2012 | 31-May-12 | Dec. 31, 2012 | 31-May-12 | Oct. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Oct. 31, 2013 | Aug. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2012 | Jun. 30, 2012 | Oct. 31, 2013 | Oct. 31, 2013 | Aug. 31, 2013 | Dec. 31, 2013 | Sep. 30, 2013 | Dec. 31, 2013 | Jun. 30, 2012 | Jun. 30, 2012 | 31-May-12 | 31-May-12 | 31-May-12 | 31-May-12 | Apr. 30, 2012 | Apr. 30, 2012 | Feb. 29, 2012 | Feb. 29, 2012 | Feb. 29, 2012 | Feb. 29, 2012 | Jan. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | |
Loans | Minimum [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | LIBOR [Member] | Secured Line of Credit 3 [Member] | Unsecured Line of Credit 4 FTB [Member] | Unsecured Line of Credit, Facility A [Member] | Unsecured Line of Credit, Facility A [Member] | Unsecured Line of Credit, First Tennessee [Member] | Unsecured Line of Credit, Facility B [Member] | Unsecured Line of Credit, Facility B [Member] | Unsecured Line of Credit, Facilities A and B [Member] | Unsecured lines of credit [Member] | Unsecured lines of credit [Member] | Unsecured lines of credit [Member] | Unsecured lines of credit [Member] | Unsecured lines of credit [Member] | Unsecured lines of credit [Member] | Unsecured lines of credit [Member] | Unsecured lines of credit [Member] | Unsecured lines of credit [Member] | Property Loan with Extension [Member] | Unsecured Term Loan 1 [Member] | Unsecured Term Loan 1 [Member] | Unsecured Term Loan 1 [Member] | Unsecured Term Loan 2 [Member] | Unsecured Term Loan 2 [Member] | Unsecured Term Loan 2 [Member] | Operating Property Loan [Member] | Operating Property Loan [Member] | Operating Property Loan [Member] | Fixed Rate Interest [Member] | Fixed Rate Interest [Member] | Variable Rate Interest Member [Member] | Variable Rate Interest Member [Member] | Non-recourse Loans on Operating Properties [Member] | Non-recourse Loans on Operating Properties [Member] | Non-recourse Loans on Operating Properties [Member] | Non-recourse Loans on Operating Properties [Member] | Senior Unsecured Notes [Member] | Senior Unsecured Notes [Member] | Senior Unsecured Notes [Member] | Senior Unsecured Notes [Member] | Senior Unsecured Notes [Member] | Senior Unsecured Notes [Member] | Senior Unsecured Notes [Member] | Senior Unsecured Notes [Member] | Senior Unsecured Notes [Member] | Recourse Term Loans on Operating Properties [Member] | Recourse Term Loans on Operating Properties [Member] | Recourse Term Loans on Operating Properties [Member] | Recourse Term Loans on Operating Properties [Member] | Recourse Term Loans on Operating Properties [Member] | Construction Loans [Member] | Construction Loans [Member] | Unsecured lines of credit [Member] | Unsecured lines of credit [Member] | Secured Lines of Credit [Member] | Secured Lines of Credit [Member] | Secured Lines of Credit [Member] | Unsecured Term Loans [Member] | Unsecured Term Loans [Member] | Unsecured Term Loans [Member] | Unsecured Term Loans [Member] | Unsecured Term Loans [Member] | Unsecured Term Loans [Member] | Recourse and Nonrecourse Term Loans Member [Member] | Fixed Rate Operating Loans [Member] | Fixed Rate Operating Loans [Member] | Fixed Rate Operating Loans [Member] | Variable Rate Debt [Member] | Variable Rate Debt [Member] | Variable Rate Debt [Member] | Northpark Mall [Member] | Statesboro Crossing [Member] | Statesboro Crossing [Member] | Statesboro Crossing [Member] | Statesboro Crossing [Member] | Statesboro Crossing [Member] | Statesboro Crossing [Member] | Statesboro Crossing [Member] | Statesboro Crossing [Member] | West County Center [Member] | West County Center [Member] | Mid Rivers Mall [Member] | South Country Center [Member] | Westmoreland Mall [Member] | The Promenade at Dlberville [Member] | CBL Center [Member] | CBL Center [Member] | Arbor Place Mall, Jefferson Mall, The Landing at Arbor Place, Old Hickory Mall, WestGate Mall [Member] | Arbor Place Mall, Jefferson Mall, The Landing at Arbor Place, Old Hickory Mall, WestGate Mall [Member] | Arbor Place Mall, Jefferson Mall, The Landing at Arbor Place, Old Hickory Mall, WestGate Mall [Member] | Northwoods Mall [Member] | CBL Center II [Member] | CBL Center II [Member] | Southpark Mall [Member] | Southpark Mall [Member] | Southpark Mall [Member] | Monroeville Mall [Member] | Regional Mall [Member] | Regional Mall [Member] | Citadel Mall [Member] | Columbia Place [Member] | Outlet Shoppes at Atlanta [Member] | Outlet Shoppes at Atlanta [Member] | Outlet Shoppes at Atlanta [Member] | Outlet Shoppes at Atlanta [Member] | Outlet Shoppes at Atlanta [Member] | Outlet Shoppes at Atlanta [Member] | Outlet Shoppes at Atlanta [Member] | Outlet Shoppes at Atlanta [Member] | Louisville Outlet Shoppes [Member] | Louisville Outlet Shoppes [Member] | Forum at Grandview [Member] | Forum at Grandview [Member] | WestGate Mall [Member] | WestGate Mall [Member] | Fashion Square Mall [Member] | Fashion Square Mall [Member] | Jefferson Mall [Member] | Jefferson Mall [Member] | Arbor Place [Member] | Arbor Place [Member] | The Courtyard at Hickory Grove, Hickory Hollow Mall [Member] | Fashion Square Mall, Northwoods Mall, Randolph Mall, Regency Mall [Member] | Fashion Square Mall, Northwoods Mall, Randolph Mall, Regency Mall [Member] | Fashion Square Mall, Northwoods Mall, Randolph Mall, Regency Mall [Member] | Massard Crossing, Pemberton Plaza, Willowbrook Plaza [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | |||||
Extension_Options | derivative_instruments | Wells Fargo Bank [Member] | Wells Fargo Bank [Member] | CreditLines | Minimum [Member] | Maximum [Member] | LIBOR [Member] | LIBOR [Member] | LIBOR [Member] | LIBOR [Member] | LIBOR [Member] | Wells Fargo Bank [Member] | Loans | LIBOR [Member] | LIBOR [Member] | Loans | Intends to retire or refinance [Member] | Fixed Rate Interest [Member] | Fixed Rate Interest [Member] | Variable Rate Interest Member [Member] | Variable Rate Interest Member [Member] | Minimum [Member] | Maximum [Member] | Treasury Rate [Member] | Fixed Rate Interest [Member] | Fixed Rate Interest [Member] | Fixed Rate Interest [Member] | Fixed Rate Interest [Member] | Fixed Rate Interest [Member] | Fixed Rate Interest [Member] | Variable Rate Interest Member [Member] | Variable Rate Interest Member [Member] | Variable Rate Interest Member [Member] | Variable Rate Interest Member [Member] | Variable Rate Interest Member [Member] | Variable Rate Interest Member [Member] | Wells Fargo Bank [Member] | Variable Rate Interest Member [Member] | Variable Rate Interest Member [Member] | Loans | Unsecured Term Loan 3 [Member] | Unsecured Term Loan 3 [Member] | Unsecured Term Loan 3 [Member] | Variable Rate Interest Member [Member] | Variable Rate Interest Member [Member] | Minimum [Member] | Maximum [Member] | Minimum [Member] | Maximum [Member] | Extension_Options | LIBOR [Member] | LIBOR [Member] | Minimum [Member] | Maximum [Member] | Fixed Rate Interest [Member] | Extension_Options | Woodstock GA Investments LLC [Member] | Parent [Member] | Fixed Rate Interest [Member] | Recourse Term Loans on Operating Properties [Member] | Extension_Options | Fixed Rate Interest [Member] | Fixed Rate Interest [Member] | Fixed Rate Interest [Member] | Fixed Rate Interest [Member] | Minimum [Member] | Maximum [Member] | Non-recourse Loans on Operating Properties [Member] | Non-recourse Loans on Operating Properties [Member] | Senior Unsecured Notes [Member] | Senior Unsecured Notes [Member] | Recourse Term Loans on Operating Properties [Member] | Recourse Term Loans on Operating Properties [Member] | Financing method obligation [Member] | Financing method obligation [Member] | Construction Loans [Member] | Construction Loans [Member] | Unsecured lines of credit [Member] | Unsecured lines of credit [Member] | Secured Lines of Credit [Member] | Secured Lines of Credit [Member] | Unsecured Term Loans [Member] | Unsecured Term Loans [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans | Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | Forecast [Member] | Forecast [Member] | Minimum [Member] | Maximum [Member] | CreditLines | Minimum [Member] | Maximum [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Forecast [Member] | Forecast [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of debt instruments | ' | ' | ' | ' | ' | ' | 4 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Number of Instruments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Property loan obligation guaranteed by Company (percent) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Mortgage and other indebtedness, fixed rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $27,265,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $3,990,774,000 | $3,794,509,000 | ' | $3,527,830,000 | $3,776,245,000 | $445,374,000 | $0 | ' | ' | $17,570,000 | $18,264,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Mortgage and other indebtedness, variable-rate debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 99,371,000 | ' | 5,000,000 | 124,383,000 | ' | ' | 228,754,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 228,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 51,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 866,749,000 | 951,174,000 | ' | 133,712,000 | 123,875,000 | ' | ' | 51,300,000 | 97,682,000 | ' | ' | 2,983,000 | 15,366,000 | 228,754,000 | 475,626,000 | 0 | 10,625,000 | 450,000,000 | 228,000,000 |
Mortgage and other indebtedness | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 400,000,000 | ' | 50,000,000 | ' | ' | ' | 122,375,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,983,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,857,523,000 | 4,745,683,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Interest Rate at Period End | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.67% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted Average Interest Rate | ' | ' | 4.88% | 4.79% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.07% | ' | ' | ' | ' | ' | ' | ' | 5.52% | 5.43% | 1.91% | 2.20% | 5.54% | 5.42% | 3.14% | 3.36% | ' | 5.25% | ' | ' | ' | 5.25% | 0.00% | ' | ' | ' | 8.00% | 8.00% | 1.87% | 1.78% | 2.17% | 2.96% | 1.57% | 2.07% | ' | 0.00% | 2.46% | ' | ' | ' | ' | 1.71% | 1.82% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Increase in variable interest rate basis | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.25% | 1.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Secured debt to total assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 40.00% | 45.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Notice Required to Redeem Debt, Term | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '30 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Redemption Price, Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Issuance Cost | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,152,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Unamortized Discount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,626,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Basis spread on variable interest rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.40% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from Debt, Net of Issuance Costs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 441,222,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of instruments held | ' | ' | ' | ' | ' | ' | 4 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Notional amount of interest rate swaps held | ' | ' | ' | ' | ' | ' | 109,830,000 | 113,885,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Secured non-recourse and recourse term loans | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,126,555,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Secured credit facility, borrowing capacity | ' | ' | ' | ' | ' | ' | ' | ' | ' | 105,000,000 | 100,000,000 | 600,000,000 | 600,000,000 | 100,000,000 | 600,000,000 | 600,000,000 | ' | 1,300,000,000 | ' | ' | ' | ' | ' | ' | ' | 1,200,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Term | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '5 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Credit facility, period of extension option | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '1 year | ' | ' | '1 year | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Credit facility, extension fee percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.20% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Basis spread on variable rate | ' | ' | ' | ' | ' | ' | ' | ' | 9.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.40% | 1.00% | 1.55% | 1.75% | 2.10% | ' | ' | ' | ' | 1.50% | ' | ' | 1.90% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.50% | 1.80% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.80% | 1.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.75% | ' | ' | ' | ' | ' | ' | 2.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fixed interest, percentage rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4.54% | 8.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of credit facility, unused capacity, fee percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.25% | 0.30% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Credit facility, commitment fee percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.15% | 0.35% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Credit facility, facility fee percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.30% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted-average interest rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.57% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Credit facility, Maturity Date | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 13-Nov-15 | ' | 5-Feb-16 | 13-Nov-16 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Credit facility, Extended Maturity Date | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 13-Nov-16 | ' | ' | 13-Nov-17 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amount outstanding on letter of credit | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,000,000 | ' | ' | 617,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Additional secured and unsecured lines of credit with commitment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Retirement of term loan | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 32,684,000 | ' | 13,460,000 | ' | ' | ' | ' | ' | ' | 142,235,000 | ' | 88,410,000 | 71,740,000 | 63,639,000 | ' | 9,078,000 | ' | 180,022,000 | ' | ' | ' | 12,818,000 | 12,818,000 | 30,763,000 | 30,763,000 | ' | 106,895,000 | 44,480,000 | 178,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,200,000 | 2,023,000 | ' | ' | ' | ' | ' | ' | ' | ' | 25,962,000 | 141,235,000 | ' | ' | 34,349,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Guarantors percentage obligation for construction loan | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stated Interest Rate | ' | ' | ' | ' | 5.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5.75% | ' | 1.21% | ' | ' | ' | ' | ' | ' | ' | 3.40% | 5.88% | 4.96% | 5.05% | ' | ' | 4.50% | ' | 6.50% | 6.51% | 5.08% | 6.25% | ' | 7.00% | ' | 4.85% | 5.73% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4.90% | ' | ' | ' | 3.19% | ' | ' | 4.99% | ' | 4.95% | ' | 4.75% | ' | 5.10% | 6.00% | ' | 6.50% | 6.51% | 7.54% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gain (loss) on extinguishment of debt | ' | 9,108,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -8,936,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -9,108,000 | 265,000 | 1,029,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Prepayment fee | ' | 8,708,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8,708,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unamortized debt issuance costs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 228,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Impairment of unamortized debt discount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 172,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, maximum borrowing capacity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 13,568,000 | 13,568,000 | 20,911,000 | ' | 11,400,000 | ' | 190,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 73,000,000 | ' | ' | 67,000,000 | ' | ' | ' | ' | ' | ' | ' | 80,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 40,000,000 | ' | 42,000,000 | ' | 71,190,000 | ' | 122,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net unamortized premiums | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,315,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,689,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted average remaining term to maturity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '4 years 9 months 24 days | ' | ' | '2 years 5 months 1 day | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Repayments of long-term debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 53,080,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Extension option, term | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '2 years | ' | '1 year | ' | ' | ' | ' | '1 year | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '1 year | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Joint venture, ownership percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25.00% | 75.00% | ' | ' | ' | 35.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, face value | ' | ' | ' | ' | 22,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 400,000,000 | ' | ' | ' | 50,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 450,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 69,823,000 | ' | ' | ' | ' | 60,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of operating property loans | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | ' | ' | ' | ' | ' | ' | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
2014 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 51,300,000 | ' | ' | ' | ' | ' | ' | ' | 164,700,000 | 113,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 284,205,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Variable interest, percentage rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.87% | 3.25% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of one-year extension options available | ' | ' | ' | ' | ' | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 | ' | ' | ' | ' | ' | ' | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Non-recourse debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $68,169,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Mortgage_and_Other_Indebtednes3
Mortgage and Other Indebtedness, Covenants (Details) (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Non Recourse Loans On Operating Properties [Member] | ' |
Debt Instrument [Line Items] | ' |
Debt default threshold | $50,000,000 |
Recourse Term Loans on Operating Properties [Member] | ' |
Debt Instrument [Line Items] | ' |
Debt default threshold | $150,000,000 |
Senior Unsecured Notes [Member] | Minimum [Member] | Forecast [Member] | ' |
Debt Instrument [Line Items] | ' |
Secured debt to total assets | 40.00% |
Debt Covenant Requirement [Member] | Senior Unsecured Notes [Member] | ' |
Debt Instrument [Line Items] | ' |
Total debt to total assets | 60.00% |
Secured debt to total assets | 45.00% |
Total unencumbered assets to unsecured debt | 150.00% |
Consolidated income available for debt service to annual debt service charge | 150.00% |
Debt Covenant Requirement [Member] | Debt to total asset value [Member] | ' |
Debt Instrument [Line Items] | ' |
Debt to asset ratio, description | '< 60% |
Debt to asset ratio (percent) | 60.00% |
Debt Covenant Requirement [Member] | Ratio of unencumbered asset value to unsecured indebtedness [Domain] | ' |
Debt Instrument [Line Items] | ' |
Debt to asset ratio, description | '> 1.60x |
Debt to asset ratio (percent) | 160.00% |
Debt Covenant Requirement [Member] | Ratio of unencumbered NOI to unsecured interest expense [Member] | ' |
Debt Instrument [Line Items] | ' |
Debt to asset ratio, description | '> 1.75x |
Debt to asset ratio (percent) | 175.00% |
Debt Covenant Requirement [Member] | Ratio of EBITDA to fixed charges (debt service) [Member] | ' |
Debt Instrument [Line Items] | ' |
Debt to asset ratio, description | '> 1.50x |
Debt to asset ratio (percent) | 150.00% |
Debt Covenant Ratios Actual [Member] | Senior Unsecured Notes [Member] | ' |
Debt Instrument [Line Items] | ' |
Total debt to total assets | 54.70% |
Secured debt to total assets | 41.30% |
Total unencumbered assets to unsecured debt | 244.90% |
Consolidated income available for debt service to annual debt service charge | 323.00% |
Debt Covenant Ratios Actual [Member] | Debt to total asset value [Member] | ' |
Debt Instrument [Line Items] | ' |
Debt to asset ratio, description | '0.5162 |
Debt to asset ratio (percent) | 51.60% |
Debt Covenant Ratios Actual [Member] | Ratio of unencumbered asset value to unsecured indebtedness [Domain] | ' |
Debt Instrument [Line Items] | ' |
Debt to asset ratio, description | '2.51x |
Debt to asset ratio (percent) | 251.00% |
Debt Covenant Ratios Actual [Member] | Ratio of unencumbered NOI to unsecured interest expense [Member] | ' |
Debt Instrument [Line Items] | ' |
Debt to asset ratio, description | '6.15x |
Debt to asset ratio (percent) | 615.00% |
Debt Covenant Ratios Actual [Member] | Ratio of EBITDA to fixed charges (debt service) [Member] | ' |
Debt Instrument [Line Items] | ' |
Debt to asset ratio, description | '2.20x |
Debt to asset ratio (percent) | 220.00% |
Mortgage_and_Other_Indebtednes4
Mortgage and Other Indebtedness, Schedule Principal Payments (Details) (USD $) | 1 Months Ended | 0 Months Ended | |||||
In Thousands, unless otherwise specified | Jan. 31, 2013 | Jan. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 |
Loans | Operating Property Loan [Member] | Operating Property Loan [Member] | Principal Amortization [Member] | Property Loan with Extension [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | |
Loans | Loans | ||||||
Maturities of Long-term Debt [Abstract] | ' | ' | ' | ' | ' | ' | ' |
2014 | ' | ' | $164,700 | $74,670 | $51,300 | $284,205 | ' |
2015 | ' | ' | ' | ' | ' | 631,704 | ' |
2016 | ' | ' | ' | ' | ' | 922,095 | ' |
2017 | ' | ' | ' | ' | ' | 552,514 | ' |
2018 | ' | ' | ' | ' | ' | 671,936 | ' |
Thereafter | ' | ' | ' | ' | ' | 1,789,380 | ' |
Total | ' | ' | ' | ' | ' | 4,851,834 | ' |
Net unamortized premiums | ' | ' | ' | ' | ' | 5,689 | ' |
Mortgage and other indebtedness | ' | ' | $122,375 | ' | ' | $4,857,523 | $4,745,683 |
Number of operating property loans | 1 | 2 | ' | ' | 1 | ' | ' |
Mortgage_and_Other_Indebtednes5
Mortgage and Other Indebtedness, Derivative Instrument Risk (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | Interest Rate Cap [Member] | Interest Rate Cap [Member] | Interest Rate Cap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Pay fixed and receive variable swap 1 [Member] | Pay fixed and receive variable swap 1 [Member] | Pay fixed and receive variable swap 2 [Member] | Pay fixed and receive variable swap 2 [Member] | Pay fixed and receive variable swap 3 [Member] | Pay fixed and receive variable swap 3 [Member] | Pay fixed and receive variable swap 4 [Member] | Pay fixed and receive variable swap 4 [Member] | Interest Rate Contract [Member] | Interest Rate Contract [Member] | Interest Rate Contract [Member] | Interest Rate Contract [Member] | Interest Rate Contract [Member] | Interest Rate Contract [Member] | ||
derivative_instruments | derivative_instruments | Interest Expense [Member] | Interest Expense [Member] | Interest Expense [Member] | |||||||||||||||||
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of instruments held | ' | ' | 1 | ' | ' | 4 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Notional amount of interest rate swaps held | ' | ' | $122,375 | ' | $125,000 | $109,830 | $113,885 | $53,093 | ' | $33,243 | ' | $12,427 | ' | $11,067 | ' | ' | ' | ' | ' | ' | ' |
Amortizing interest rate swap | ' | ' | 122,375 | ' | ' | ' | ' | 48,337 | ' | 30,276 | ' | 11,313 | ' | 10,083 | ' | ' | ' | ' | ' | ' | ' |
Designated benchmark interest rate | ' | ' | '3-month LIBOR | ' | ' | ' | ' | '1-month LIBOR | ' | '1-month LIBOR | ' | '1-month LIBOR | ' | '1-month LIBOR | ' | ' | ' | ' | ' | ' | ' |
Strike rate | ' | ' | 5.00% | ' | ' | ' | ' | 2.15% | ' | 2.19% | ' | 2.14% | ' | 2.24% | ' | ' | ' | ' | ' | ' | ' |
Fair value | -4,007 | -5,805 | 0 | 0 | ' | ' | ' | -1,915 | -2,775 | -1,226 | -1,776 | -446 | -647 | -420 | -607 | ' | ' | ' | ' | ' | ' |
Maturity date | ' | ' | 1-Jan-14 | ' | ' | ' | ' | 1-Apr-16 | ' | 1-Apr-16 | ' | 1-Apr-16 | ' | 1-Apr-16 | ' | ' | ' | ' | ' | ' | ' |
Gain (Loss) Recognized in OCI/L (Effective Portion) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,815 | -207 | -5,521 | ' | ' | ' |
Loss Recognized in Earnings (Effective Portion) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2,297 | -2,267 | -1,904 |
Gain Recognized in Earnings (Ineffective Portion) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Reclassification of losses currently reported in accumulated other comprehensive income to interest expense in the next twelve months | $2,118 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Mortgage_and_Other_Indebtednes6
Mortgage and Other Indebtedness Mortgage and Other Indebtedness - Variable Rate Loans Financed or Extended (Details) (USD $) | 3 Months Ended | 1 Months Ended | 3 Months Ended | 12 Months Ended | 1 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2011 | Aug. 31, 2013 | Apr. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Jun. 30, 2013 | Apr. 30, 2012 |
LIBOR [Member] | Statesboro Crossing [Member] | Statesboro Crossing [Member] | Statesboro Crossing [Member] | Statesboro Crossing [Member] | Statesboro Crossing [Member] | Statesboro Crossing [Member] | Statesboro Crossing [Member] | |
Extension_Options | LIBOR [Member] | LIBOR [Member] | ||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Basis spread on variable rate | 9.00% | ' | ' | ' | ' | ' | 1.80% | 1.00% |
Amount Financed or Extended | ' | ' | $13,568 | $13,568 | $20,911 | ' | $11,400 | ' |
Number of one-year extension options available | ' | ' | ' | ' | ' | 2 | ' | ' |
Extension option, term | ' | '1 year | ' | ' | ' | '1 year | ' | ' |
Mortgage_and_Other_Indebtednes7
Mortgage and Other Indebtedness Mortgage and Other Indebtedness - Variable Rate Loans Repaid (Details) (USD $) | Jun. 30, 2012 | Sep. 30, 2013 | Dec. 31, 2013 | Jul. 31, 2013 | Feb. 28, 2013 | Sep. 30, 2012 | Jun. 30, 2013 |
In Thousands, unless otherwise specified | Forum at Grandview [Member] | Forum at Grandview [Member] | Alamance Crossing West [Member] | Statesboro Crossing [Member] | Rivergate Mall [Member] | Mid Rivers Mall [Member] | |
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Stated Interest Rate | 5.00% | 3.19% | ' | 3.20% | 1.21% | 3.47% | 5.88% |
Retirement of loan | ' | $10,200 | $2,023 | $16,000 | $13,460 | $77,500 | $88,410 |
Shareholders_Equity_and_Partne2
Shareholders' Equity and Partners' Capital (Details) (USD $) | 0 Months Ended | 3 Months Ended | 12 Months Ended | 0 Months Ended | 3 Months Ended | 12 Months Ended | 1 Months Ended | 3 Months Ended | 12 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||||||
In Thousands, except Share data, unless otherwise specified | Oct. 16, 2013 | Jul. 16, 2013 | Apr. 16, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Jan. 15, 2014 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Nov. 05, 2012 | Oct. 31, 2012 | Oct. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Oct. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Nov. 05, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Oct. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 |
Subsequent Event [Member] | Common Stock [Member] | Common Stock [Member] | Common Stock [Member] | Common Stock [Member] | Common Stock [Member] | Series C Preferred Stock [Member] | Series C Preferred Stock [Member] | Series C Preferred Stock [Member] | Series C Preferred Stock [Member] | Series C Preferred Stock [Member] | Series E Preferred Stock [Member] | Series E Preferred Stock [Member] | Series E Preferred Stock [Member] | Series E Preferred Stock [Member] | Series E Preferred Stock [Member] | Series E Preferred Stock [Member] | 7.375% Series D Cumulative Redeemable Preferred Stock [Member] | Series D Preferred Stock [Member] | Series D Preferred Stock [Member] | Series D Preferred Stock [Member] | Accumulated Deficit [Member] | Operating Partnership [Member] | Operating Partnership [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | Common Units [Member] | ||||||||
Per Depositary Share [Member] | Series C Preferred Stock [Member] | Series C Preferred Stock [Member] | Series C Preferred Stock [Member] | Series E Preferred Stock [Member] | Series E Preferred Stock [Member] | Series E Preferred Stock [Member] | Series D Preferred Stock [Member] | Series D Preferred Stock [Member] | Accumulated Deficit [Member] | Accumulated Deficit [Member] | Accumulated Deficit [Member] | Operating Partnership [Member] | |||||||||||||||||||||||||||||||||
Shareholders Equity [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allocation of Dividends Declared and Paid | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.98 | $0.83 | $0.84 | $0 | $14.53 | $19.38 | ' | ' | ' | ' | $16.56 | $3.91 | $0 | ' | ' | $18.44 | $18.44 | $18.44 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Redeemable noncontrolling interest, units exercised for conversion | ' | ' | ' | ' | 12,690,628 | 401,324 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Repurchased During Period, Value | ' | ' | ' | ' | $3,965 | $5,869 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Repurchased During Period, Shares | ' | ' | ' | ' | 224,628 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock issued following conversion of convertible securities | ' | ' | ' | ' | 12,466,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common Stock [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock, shares authorized | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 350,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 350,000,000 | 350,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock, par value (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.01 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.01 | $0.01 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock, shares outstanding | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 170,048,144 | 161,309,652 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 170,048,144 | 161,309,652 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common units outstanding | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 199,593,731 | 190,855,239 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred Stock [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred stock, shares authorized | ' | ' | ' | ' | ' | ' | 15,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15,000,000 | 15,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred stock, par value (in dollars per share) | ' | ' | ' | ' | ' | ' | $0.01 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.01 | $0.01 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred stock, liquidation preference per share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $250 | ' | ' | ' | ' | $250 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Public offering, shares issued | ' | ' | ' | ' | ' | ' | ' | ' | 6,530,193 | 1,889,105 | 8,419,298 | ' | ' | ' | ' | ' | ' | ' | 6,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 690,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred stock, liquidation preference (per share) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 115,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from issuances of preferred stock | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 166,636 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 166,720 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividends payable | ' | ' | ' | 35,485 | 35,485 | ' | 41,662 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 891 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred stock, redemption amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 115,891 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from (repayments of) lines of credit | ' | ' | ' | 50,745 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividends in arrears per depositary share (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1.66 | ' | ' | ' | ' | $1.84 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividend rate (in thousandths) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6.63% | ' | ' | ' | ' | ' | 7.38% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6.63% | 6.63% | 7.38% | 7.38% | ' | ' | ' | ' |
Depositary shares outstanding | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 18,150,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Depositary shares, liquidation preference (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $25 | $25 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividends in arrears per share (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $18.44 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred stock, shares outstanding (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 460,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | 690,000 | 690,000 | 1,815,000 | 1,815,000 | ' | ' | ' | ' |
Dividends, preferred stock | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $3,773 | ' | ' | $44,892 | $43,738 | $42,376 | ' | ' | ' | ' | ' | ' | ' | $44,892 | $43,738 | $42,376 | ' |
Dividends [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock cash dividends per share (in dollars per share) | $0.23 | $0.23 | $0.23 | ' | ' | ' | ' | $0.25 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Noncontrolling interest conversion, calculation of trailing average of trading price, term | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '5 days |
Shareholders_Equity_and_Partne3
Shareholders' Equity and Partners' Capital (Common Stock Sold) (Details) (Common Stock [Member], USD $) | 3 Months Ended | 12 Months Ended | ||
Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2013 | Mar. 01, 2013 | |
Common Stock [Member] | ' | ' | ' | ' |
Class of Stock [Line Items] | ' | ' | ' | ' |
Common stock offering, maximum aggregate price | ' | ' | ' | $300,000,000 |
Common stock offering, maximum commission fee (percent) | ' | ' | ' | 2.00% |
Number of Shares Settled | 6,530,193 | 1,889,105 | 8,419,298 | ' |
Gross Proceeds | 167,034,000 | 44,459,000 | 211,493,000 | ' |
Net Proceeds | 165,692,000 | 43,904,000 | 209,596,000 | ' |
Weighted-average Sales Price | $25.58 | $23.53 | $25.12 | ' |
Common stock offering, maximum remaining aggregate price | ' | ' | $88,507,000 | ' |
Shareholders_Equity_and_Partne4
Shareholders' Equity and Partners' Capital (Allocations of Dividends and Declared and Paid For Income Tax Purposes) (Details) (USD $) | 10 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||||
Nov. 04, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
quarterly_dividend_payment | Common Stock [Member] | Common Stock [Member] | Common Stock [Member] | Series C Preferred Stock [Member] | Series C Preferred Stock [Member] | Series C Preferred Stock [Member] | Series D Preferred Stock [Member] | Series D Preferred Stock [Member] | Series D Preferred Stock [Member] | Series E Preferred Stock [Member] | Series E Preferred Stock [Member] | Series E Preferred Stock [Member] | Preferred Stock [Member] | Preferred Stock [Member] | Preferred Stock [Member] | Ordinary Income [Member] | Ordinary Income [Member] | Ordinary Income [Member] | Ordinary Income [Member] | Ordinary Income [Member] | Ordinary Income [Member] | Capital Gains 25% rate [Member] | Capital Gains 25% rate [Member] | Capital Gains 25% rate [Member] | Capital Gains 25% rate [Member] | Capital Gains 25% rate [Member] | Capital Gains 25% rate [Member] | Return of Captial [Member] | Return of Captial [Member] | Return of Captial [Member] | |
Common Stock [Member] | Common Stock [Member] | Common Stock [Member] | Preferred Stock [Member] | Preferred Stock [Member] | Preferred Stock [Member] | Common Stock [Member] | Common Stock [Member] | Common Stock [Member] | Preferred Stock [Member] | Preferred Stock [Member] | Preferred Stock [Member] | Common Stock [Member] | Common Stock [Member] | Common Stock [Member] | |||||||||||||||||
Shareholders Equity [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividends declared | ' | $0.98 | $0.83 | $0.84 | $0 | $14.53 | $19.38 | $18.44 | $18.44 | $18.44 | $16.56 | $3.91 | $0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allocations | ' | 100.00% | 100.00% | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Number of quarterly dividend payments | 3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shareholders_Equity_and_Partne5
Shareholders' Equity and Partners' Capital (Distributions - Operating Partnership) (Details) (CBL & Associates Limited Partnership [Member], USD $) | 3 Months Ended | 12 Months Ended | |||||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Oct. 16, 2013 | Jul. 16, 2013 | Apr. 16, 2013 | Jan. 15, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Oct. 16, 2013 | Jul. 16, 2013 | Apr. 16, 2013 | Jan. 15, 2014 |
Redeemable Common Units [Member] | Redeemable Common Units [Member] | Redeemable Common Units [Member] | Redeemable Common Units [Member] | Common Units [Member] | Common Units [Member] | Common Units [Member] | Common Units [Member] | Common Units [Member] | Common Units [Member] | Common Units [Member] | |||
Subsequent Event [Member] | Subsequent Event [Member] | ||||||||||||
Distribution Made to Limited Partner [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash distributions paid | $8,861 | $8,205 | ' | ' | ' | ' | $157,531 | $169,766 | $164,387 | ' | ' | ' | ' |
Distributions declared, amount | ' | ' | $732.20 | $732.20 | $732.20 | $0.73 | ' | ' | ' | $237.40 | $237.40 | $237.40 | $0.26 |
Redeemable_Interests_and_Nonco2
Redeemable Interests and Noncontrolling Interests Operating Partnership (Details) (USD $) | 12 Months Ended | 12 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 1 Months Ended | ||||||||||||||||||||||||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 10, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 10, 2012 | Jun. 30, 2005 | Jul. 31, 2004 | Jun. 30, 2005 | Nov. 30, 2005 | Jun. 30, 2005 | Mar. 31, 2011 | Mar. 28, 2011 | Dec. 31, 2008 | Jul. 31, 2004 | Jul. 31, 2004 | Jun. 30, 2005 | Nov. 30, 2005 | Nov. 30, 2005 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 |
Operating Partnership [Member] | Operating Partnership [Member] | Operating Partnership [Member] | Operating Partnership [Member] | Operating Partnership [Member] | Operating Partnership [Member] | Operating Partnership [Member] | Operating Partnership [Member] | Operating Partnership [Member] | Operating Partnership [Member] | Operating Partnership [Member] | Operating Partnership [Member] | Operating Partnership [Member] | Operating Partnership [Member] | Operating Partnership [Member] | Operating Partnership [Member] | Operating Partnership [Member] | Operating Partnership [Member] | Operating Partnership [Member] | Operating Partnership [Member] | Operating Partnership [Member] | Operating Partnership [Member] | Operating Partnership [Member] | Operating Partnership [Member] | Operating Partnership [Member] | Other Consolidated Subsidiaries [Member] | Other Consolidated Subsidiaries [Member] | ||||
CBL's Predecessor [Member] | CBL's Predecessor [Member] | Third Parties [Member] | Third Parties [Member] | The Company [Member] | The Company [Member] | Common Units [Member] | Common Units [Member] | Common Units [Member] | S-SCUs [Member] | L-SCUs [Member] | K-SCUs [Member] | K-SCUs [Member] | J-SCUs [Member] | J-SCUs [Member] | First Five Years [Member] | First Five Years [Member] | After Five Years [Member] | Earlier of June 1, 2020 Or When Distribution Exceeds Minimum [Member] | First Year [Member] | After First Year [Member] | Prior to March 31, 2011 [Member] | |||||||||
Quarters | Quarters | S-SCUs [Member] | S-SCUs [Member] | S-SCUs [Member] | L-SCUs [Member] | K-SCUs [Member] | K-SCUs [Member] | J-SCUs [Member] | ||||||||||||||||||||||
Quarters | ||||||||||||||||||||||||||||||
Redeemable Noncontrolling Interest [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Limited partnership agreement, redemption right, conversion rate to common stock, per share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | ' | ' | ' |
Units of partnership interest | ' | ' | ' | 29,545,587,000 | 29,545,587,000 | ' | 18,172,690,000 | 18,172,690,000 | 11,372,897,000 | 11,372,897,000 | ' | ' | ' | ' | 622,278 | 1,560,940 | 571,700 | 1,144,924 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Partnership units, value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $14,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Limited partnership agreement, noncontrolling interest redemption right, acquisition price threshold of qualifying property | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Limited partnership agreement, annual distribution term, amount per unit | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $2.54 | $2.93 | $3.03 | ' | ' | $1.45 | ' | ' |
Limited partnership agreement, annual distribution term | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '5 years | ' | ' | ' | ' | ' | ' | ' | ' |
Limited partnership agreement, quarterly distribution term, amount per unit | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.76 | ' | ' | $0.36 | ' | ' |
Limited partnership agreement, condition to participate in distribution at common unit rate, number of consecutive quarters of distribution exceeding minimum | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4 | ' | 4 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Business acquisition, ownership percentage acquired | ' | ' | 30.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Noncontrolling interest conversion, calculation of trailing average of trading price, term | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '5 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Partnership unit, dividend rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6.00% | 6.25% | ' | ' | ' |
Partnership unit, dividends (in dollars per unit) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $2.85 | $2.97 | ' | ' | ' |
Redeemable noncontrolling interest, conversion rights exercised for common stock | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 125,100 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Redeemable noncontrolling interest, units converted to common | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15,435,754 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Distribution adjustment condition, common unit quarterly distribution benchmark per unit | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.22 | ' | ' |
Condition to distribution adjustment, number of consecutive quarters of common unit distribution under threshold | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4 | ' | ' |
Redeemable noncontrolling interest, units exercised for conversion | 12,690,628 | 401,324 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Units repurchased, value | 3,965 | 5,869 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Units repurchased, shares | 224,628 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Redeemable noncontrolling interest, ownership percentage by noncontrolling owners | ' | ' | ' | 0.80% | 0.80% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Noncontrolling interest, ownership percentage by noncontrolling owners | ' | ' | ' | 14.70% | 14.70% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Redeemable noncontrolling interest, allocation from (to) shareholders' equity, adjustment | ' | ' | ' | 4,589 | 3,197 | 3,005 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Noncontrolling interest, allocation from (to) Shareholders' Equity, adjustment | ' | ' | ' | 29,212 | 163 | 2,200 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Redeemable noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 28,756 | 33,835 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,883 | 430,247 |
Partners' capital attributable to noncontrolling interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $135,843 | $128,907 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock issued following conversion of convertible securities | 12,466,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Redeemable_Interests_and_Nonco3
Redeemable Interests and Noncontrolling Interests Other Consolidated Subsidiaries and Variable Interest Entities (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 10, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 27, 2012 | Dec. 27, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Apr. 30, 2012 |
In Thousands, unless otherwise specified | Subsidiaries | Subsidiaries | Other Consolidated Subsidiaries [Member] | Other Consolidated Subsidiaries [Member] | Contain Redemption Provisions [Member] | Triangle Town Member LLC [Member] | Triangle Town Member LLC [Member] | Triangle Town Member LLC [Member] | Triangle Town Member LLC [Member] | JG Gulf Coast Town Center LLC [Member] | JG Gulf Coast Town Center LLC [Member] | JG Gulf Coast Town Center LLC [Member] | JG Gulf Coast Town Center LLC [Member] | West Melbourne I LLC [Member] | West Melbourne I LLC [Member] | West Melbourne I LLC [Member] | West Melbourne I LLC [Member] | The Promenade D'iberville, LLC [Member] | The Promenade D'iberville, LLC [Member] | The Promenade D'iberville, LLC [Member] | The Promenade D'iberville, LLC [Member] | Louisville Outlet Shoppes [Member] | Louisville Outlet Shoppes [Member] | Kirkwood Mall Mezz, LLC [Member] | Kirkwood Mall Mezz, LLC [Member] | El Paso Outlet Center Holding, LLC [Member] | El Paso Outlet Center Holding, LLC [Member] | El Paso Outlet Center Holding, LLC [Member] | El Paso Outlet Center Holding, LLC [Member] | Imperial Valley Commons, L.P. [Member] | Gettysburg Outlet Holding, LLC [Member] | Gettysburg Outlet Holding, LLC [Member] | Gettysburg Outlet Holding, LLC [Member] | Gettysburg Outlet Holding, LLC [Member] | Outlet Shoppes at Gettysburg [Member] | PJV Units [Member] | PJV Units [Member] | Outlet Shoppes at El Paso [Member] | |
Subsidiaries | Mortgage Note Payable [Member] | Mortgage Note Payable [Member] | Notes Payable [Member] | Notes Payable [Member] | Notes Payable [Member] | Notes Payable [Member] | Mortgage Note Payable [Member] | Mortgage Note Payable [Member] | Construction Loan [Member] | Non-Recourse Debt [Member] | Mortgage Note Payable [Member] | Mortgage Note Payable [Member] | Mortgage Note Payable [Member] | Mortgage Note Payable [Member] | Other Consolidated Subsidiaries [Member] | Other Consolidated Subsidiaries [Member] | |||||||||||||||||||||||
Redeemable Noncontrolling Interest [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of other consolidated subsidiaries | 24 | 26 | ' | ' | ' | 5 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Redeemable noncontrolling interests | ' | ' | ' | $5,883 | $430,247 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Increase (Decrease) in Redeemable Noncontrolling Interest [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Redeemable noncontrolling preferred joint venture interest, beginning balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 423,834 | 423,834 | ' |
Net income attributable to redeemable noncontrolling preferred joint venture interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 14,637 | 20,686 | ' |
Distributions to redeemable noncontrolling preferred joint venture interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -19,894 | -20,686 | ' |
Reduction to preferred liquidation value of PJV units | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -10,000 | 0 | ' |
Redemption of noncontrolling preferred joint venture interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -408,577 | 0 | ' |
Redeemable noncontrolling preferred joint venture interest, ending balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 423,834 | ' |
Noncontrolling interests in other consolidated subsidiaries | ' | ' | ' | 19,179 | 63,497 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Business acquisition, ownership percentage acquired | ' | ' | 30.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 49.00% | ' | ' | ' | ' | ' | 40.00% | ' | ' | ' | ' | ' | ' | ' | 75.00% |
Business combination, prior equity interest in acquiree (percent) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 60.00% | ' | ' | ' | ' | ' | ' | ' | ' |
Joint venture partner interest, ownership percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 51.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Joint venture, ownership percentage | ' | ' | ' | ' | ' | ' | 50.00% | ' | ' | ' | 50.00% | ' | ' | ' | 50.00% | ' | ' | ' | 85.00% | ' | ' | ' | 65.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | ' | ' | ' |
Joint venture, total assets | ' | ' | ' | ' | ' | ' | 111,865 | 117,388 | ' | ' | 156,591 | 165,050 | ' | ' | 84,423 | 84,047 | ' | ' | 93,415 | 103,407 | ' | ' | 28,112 | ' | ' | ' | 114,579 | 121,499 | ' | ' | 26,680 | 41,582 | 45,047 | ' | ' | ' | ' | ' | ' |
Joint venture, debt | ' | ' | ' | ' | ' | ' | ' | ' | $179,336 | $183,291 | ' | ' | $197,058 | $197,586 | ' | ' | $45,541 | $45,352 | ' | ' | $51,300 | $58,000 | ' | $2,983 | ' | $40,368 | ' | ' | $65,465 | $66,367 | ' | ' | ' | $39,437 | $40,170 | ' | ' | ' | ' |
Minimum_Rents_Details
Minimum Rents (Details) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Operating Leases, Future Minimum Payments Receivable [Abstract] | ' |
2014 | $605,325 |
2015 | 538,039 |
2016 | 466,957 |
2017 | 395,155 |
2018 | 315,861 |
Thereafter | 1,085,988 |
Total | $3,407,325 |
Mortgage_and_Other_Notes_Recei1
Mortgage and Other Notes Receivable (Details) (USD $) | 3 Months Ended | 12 Months Ended | 3 Months Ended | 1 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | 21 Months Ended | 12 Months Ended | 1 Months Ended | 3 Months Ended | 1 Months Ended | 3 Months Ended | ||||||||||
In Thousands, unless otherwise specified | Mar. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 10, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2011 | Sep. 30, 2012 | Sep. 30, 2011 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Jun. 30, 2013 | Dec. 31, 2013 | 31-May-12 | Sep. 30, 2012 | Dec. 31, 2013 | Aug. 31, 2012 | Jun. 30, 2012 | Jun. 30, 2013 | Jun. 30, 2012 | Apr. 30, 2012 |
CBL & Associates Properties, Inc. [Member] | CBL & Associates Properties, Inc. [Member] | LIBOR [Member] | Mezzanine Loan [Member] | Mezzanine Loan [Member] | Outlet Shopping Center [Member] | Outlet Shopping Center [Member] | Outlet Shopping Center [Member] | Outlet Shopping Center [Member] | Woodstock GA Investments LLC [Member] | Woodstock GA Investments LLC [Member] | Noncontrolling Interest Investor [Member] | Land parcel [Member] | Outlet Shoppes at Atlanta [Member] | Outlet Shoppes at Atlanta [Member] | Outlet Shoppes at Atlanta [Member] | Outlet Shoppes at Atlanta [Member] | Outlet Shoppes at El Paso [Member] | ||||||
Mezzanine Loan [Member] | Parent [Member] | Horizon Group Properties [Member] | Woodstock GA Investments LLC [Member] | ||||||||||||||||||||
Mortgage and Other Notes Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of assignment of the partnership interest | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest rates on mortgage and other notes receivable range , minimum | ' | 2.67% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest rates on mortgage and other notes receivable range, maximum | ' | 10.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest rate | ' | 6.47% | 7.33% | ' | ' | ' | ' | ' | ' | 10.00% | ' | 13.00% | ' | 13.00% | 10.00% | ' | ' | 5.00% | ' | ' | 7.00% | ' | ' |
Decrease in investment in unconsolidated affiliates | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $7,430 | ' | ' | ' | ' | ' |
Loan receivable due from related party | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,700 | ' | ' |
Business acquisition, ownership percentage acquired | ' | ' | ' | 30.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 75.00% | ' | ' | ' | ' | ' | ' | ' | 75.00% |
Proceeds from collection of notes receivable | 3,525 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loan purchased, cost | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,300 | ' | ' | ' | ' | ' | 6,581 | ' | ' | ' | ' | ' | ' | ' |
Joint venture, ownership percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 75.00% | ' | 25.00% | ' |
Loan purchased, face amount | ' | ' | ' | ' | 9,150 | ' | ' | ' | ' | 5,879 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loan purchased, discount | ' | ' | ' | ' | ' | ' | ' | ' | ' | 579 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Basis spread on variable rate | ' | ' | ' | ' | ' | ' | ' | 9.00% | ' | ' | 9.00% | ' | ' | ' | ' | ' | ' | ' | 2.75% | ' | ' | ' | ' |
Ownership interest upon conversion | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | ' | ' | ' | ' | ' | ' | ' | 12.60% | ' | ' | ' | ' | ' | ' |
Additional ownership interest acquirable upon election | ' | ' | ' | ' | ' | ' | ' | ' | 10.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Potential ownership interest if additional election is made | ' | ' | ' | ' | ' | ' | ' | ' | 60.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loan agreement | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9,150 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loan receivable, maturity based on maturity of senior loan, term (days earlier) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '60 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ownership interest in borrower if optional ownership election is made | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 75.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Mortgage and other notes receivable balance, fully collectible | ' | ' | ' | ' | ' | $30,424 | $25,967 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment_Information_Details
Segment Information (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | $282,009 | $257,550 | $255,584 | $258,482 | $270,248 | $249,185 | $244,516 | $238,894 | $1,053,625 | $1,002,843 | ' |
Gain (loss) on extinguishment of debt | ' | ' | 9,108 | ' | ' | ' | ' | ' | ' | ' | ' |
Income tax provision | ' | ' | ' | ' | ' | ' | ' | ' | -1,305 | -1,404 | 269 |
Income from continuing operations | 8,983 | 52,234 | 16,255 | 37,845 | 82,441 | 36,166 | 34,674 | 32,768 | 115,317 | 186,049 | ' |
CBL & Associates Properties, Inc. [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 1,053,625 | 1,002,843 | 1,019,899 |
Property operating expenses | ' | ' | ' | ' | ' | ' | ' | ' | -296,207 | -276,754 | -284,962 |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | -231,856 | -242,357 | -262,608 |
Other expense | ' | ' | ' | ' | ' | ' | ' | ' | -28,826 | -25,078 | -28,898 |
Gain on sales of real estate assets | ' | ' | ' | ' | ' | ' | ' | ' | 1,980 | 2,286 | 59,396 |
Segment profit | ' | ' | ' | ' | ' | ' | ' | ' | 498,716 | 460,940 | 502,827 |
Depreciation and amortization expense | ' | ' | ' | ' | ' | ' | ' | ' | -278,911 | -255,460 | -261,562 |
General and administrative expense | ' | ' | ' | ' | ' | ' | ' | ' | -48,867 | -51,251 | -44,751 |
Interest and other income | ' | ' | ' | ' | ' | ' | ' | ' | 10,825 | 3,953 | 2,578 |
Gain (loss) on extinguishment of debt | ' | ' | ' | ' | ' | ' | ' | ' | -9,108 | 265 | 1,029 |
Loss on impairment | ' | ' | ' | ' | ' | ' | ' | ' | -70,049 | -24,379 | -51,304 |
Gain on investment | ' | ' | ' | ' | ' | ' | ' | ' | 2,400 | 45,072 | ' |
Equity in earnings of unconsolidated affiliates | ' | ' | ' | ' | ' | ' | ' | ' | 11,616 | 8,313 | 6,138 |
Income tax provision | ' | ' | ' | ' | ' | ' | ' | ' | -1,305 | -1,404 | 269 |
Income from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | 115,317 | 186,049 | 155,224 |
Total assets | 6,785,971 | ' | ' | ' | 7,089,736 | ' | ' | ' | 6,785,971 | 7,089,736 | 6,719,428 |
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 348,783 | 705,023 | 517,278 |
CBL & Associates Properties, Inc. [Member] | Malls [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 930,081 | 901,249 | 922,529 |
Property operating expenses | ' | ' | ' | ' | ' | ' | ' | ' | -300,172 | -286,919 | -294,937 |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | -206,779 | -214,216 | -229,056 |
Other expense | ' | ' | ' | ' | ' | ' | ' | ' | 0 | -12 | 0 |
Gain on sales of real estate assets | ' | ' | ' | ' | ' | ' | ' | ' | 295 | 1,188 | 57,621 |
Segment profit | ' | ' | ' | ' | ' | ' | ' | ' | 423,425 | 401,290 | 456,157 |
Total assets | 5,917,437 | ' | ' | ' | 6,213,801 | ' | ' | ' | 5,917,437 | 6,213,801 | 5,954,414 |
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 203,210 | 608,190 | 265,478 |
CBL & Associates Properties, Inc. [Member] | Associated Centers [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 41,726 | 40,212 | 38,909 |
Property operating expenses | ' | ' | ' | ' | ' | ' | ' | ' | -10,298 | -9,933 | -9,687 |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | -8,148 | -8,449 | -8,516 |
Other expense | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | -400 |
Gain on sales of real estate assets | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 202 | 301 |
Segment profit | ' | ' | ' | ' | ' | ' | ' | ' | 23,280 | 22,032 | 20,607 |
Total assets | 274,234 | ' | ' | ' | 302,225 | ' | ' | ' | 274,234 | 302,225 | 308,858 |
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 10,718 | 6,630 | 213,364 |
CBL & Associates Properties, Inc. [Member] | Community Centers [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 17,937 | 13,361 | 12,036 |
Property operating expenses | ' | ' | ' | ' | ' | ' | ' | ' | -3,568 | -3,219 | -3,122 |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | -2,397 | -2,517 | -4,478 |
Other expense | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Gain on sales of real estate assets | ' | ' | ' | ' | ' | ' | ' | ' | 452 | 608 | 1,193 |
Segment profit | ' | ' | ' | ' | ' | ' | ' | ' | 12,424 | 8,233 | 5,629 |
Total assets | 222,576 | ' | ' | ' | 203,261 | ' | ' | ' | 222,576 | 203,261 | 265,675 |
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 8,052 | 13,884 | 21,452 |
CBL & Associates Properties, Inc. [Member] | All Other [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 63,881 | 48,021 | 46,425 |
Property operating expenses | ' | ' | ' | ' | ' | ' | ' | ' | 17,831 | 23,317 | 22,784 |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | -14,532 | -17,175 | -20,558 |
Other expense | ' | ' | ' | ' | ' | ' | ' | ' | -28,826 | -25,066 | -28,498 |
Gain on sales of real estate assets | ' | ' | ' | ' | ' | ' | ' | ' | 1,233 | 288 | 281 |
Segment profit | ' | ' | ' | ' | ' | ' | ' | ' | 39,587 | 29,385 | 20,434 |
Total assets | 371,724 | ' | ' | ' | 370,449 | ' | ' | ' | 371,724 | 370,449 | 190,481 |
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | $126,803 | $76,319 | $16,984 |
Supplemental_and_Noncash_Infor2
Supplemental and Noncash Information (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Other Significant Noncash Transactions [Line Items] | ' | ' | ' |
Cash paid for interest, net of amounts capitalized | $223,793 | $233,220 | $265,430 |
Accrued dividends and distributions payable | 50,523 | 43,689 | 41,717 |
Additions to real estate assets accrued but not yet paid | 20,625 | 22,468 | 21,771 |
Reduction to preferred liquidation value of PJV units | 10,000 | 0 | 0 |
Discount on issuance of 5.250% Senior Notes due 2023 | -4,626 | 0 | 0 |
Weighted average interest rate | 4.88% | 4.79% | ' |
Trade-in allowance - aircraft | 2,800 | 0 | 0 |
Notes receivable from sale of land | 7,430 | 0 | 0 |
Issuance of noncontrolling interests in Operating Partnership | 0 | 14,000 | 0 |
Conversion of Operating Partnership units to common stock | 0 | 59,738 | 729 |
Addition to real estate assets from conversion of note receivable | 0 | 4,522 | 0 |
Increase in mortgage and other indebtedness | 0 | 220,634 | 0 |
Additions to real estate assets from forgiveness of mortgage note receivable | 0 | 0 | 2,235 |
Partnership Interest [Member] | Consolidation of Joint Venture [Member] | ' | ' | ' |
Other Significant Noncash Transactions [Line Items] | ' | ' | ' |
Increase in mortgage and other indebtedness | 0 | 54,169 | 0 |
Decrease in investment in unconsolidated affiliates | 0 | -15,643 | 0 |
Increase/decrease in real estate assets | 0 | 111,407 | 0 |
Increase in intangible lease and other assets | 0 | 18,426 | 0 |
Partnership Interest [Member] | Deconsolidation of Joint Venture [Member] | ' | ' | ' |
Other Significant Noncash Transactions [Line Items] | ' | ' | ' |
Increase/decrease in real estate assets | 0 | 0 | 365,971 |
Decrease in intangible lease and other assets | 0 | 0 | 26,798 |
Decrease in mortgage notes payable | 0 | 0 | -266,224 |
Increase in investment in unconsolidated affiliates | 0 | 0 | -123,651 |
Decrease in accounts payable and accrued liabilities | $0 | $0 | ($4,395) |
Senior Unsecured Notes [Member] | ' | ' | ' |
Other Significant Noncash Transactions [Line Items] | ' | ' | ' |
Weighted average interest rate | 5.25% | ' | ' |
Related_Party_Transactions_Det
Related Party Transactions (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Predecessor and Certain Officers [Member] | ' | ' | ' |
Related Party Transaction [Line Items] | ' | ' | ' |
Amounts paid in transaction | $27,106 | $49,153 | $59,668 |
Accounts payable to related party | 2,345 | 2,096 | ' |
Electrical And Mechanical Supplier Subcontractor [Member] | ' | ' | ' |
Related Party Transaction [Line Items] | ' | ' | ' |
Amounts paid in transaction | ' | 15 | 981 |
Electrical and Mechanical Supplier Direct [Member] | ' | ' | ' |
Related Party Transaction [Line Items] | ' | ' | ' |
Amounts paid in transaction | ' | 0 | 86 |
Unconsolidated Afflilate and Other Affliliated Partnerships [Member] | ' | ' | ' |
Related Party Transaction [Line Items] | ' | ' | ' |
Revenues recognized, from related party transactions | $7,886 | $7,531 | $4,822 |
Contingencies_Details
Contingencies (Details) (USD $) | 1 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 1 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | 12 Months Ended | 1 Months Ended | 3 Months Ended | 9 Months Ended | 1 Months Ended | 1 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | ||||||||||||||
Feb. 28, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Sep. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2007 | Nov. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Sep. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Jul. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Aug. 31, 2013 | Dec. 31, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2013 | Jan. 31, 2013 | Dec. 31, 2013 | |
Minimum [Member] | Maximum [Member] | CW Joint Venture [Member] | CW Joint Venture [Member] | CW Joint Venture [Member] | Lee Summit [Member] | Lee Summit [Member] | West Melbourne I LLC [Member] | West Melbourne I LLC [Member] | West Melbourne I LLC [Member] | West Melbourne I LLC [Member] | West Melbourne I LLC [Member] | West Melbourne I LLC [Member] | West Melbourne I LLC [Member] | Port Orange I LLC [Member] | Port Orange I LLC [Member] | Port Orange I LLC [Member] | Port Orange I LLC [Member] | JG Gulf Coast Town Center LLC [Member] | JG Gulf Coast Town Center LLC [Member] | York Town Center LP [Member] | Shopping Center, D'Iberville, Mississippi [Member] | Shopping Center, D'Iberville, Mississippi [Member] | PJV Units [Member] | Accrued and Unpaid Preferred Returns [Member] | Fremaux Town Center [Member] | Fremaux Town Center [Member] | Fremaux Town Center JV, LLC [Member] | Fremaux Town Center JV, LLC [Member] | |||||
Extension_Options | mall | Extension_Options | Extension_Options | Extension_Options | Forecast [Member] | Maximum Loan Guaranty Amount [Member] | Extension_Options | Extension_Options | The Promenade D'iberville, LLC [Member] | Pending Litigation [Member] | CW Joint Venture [Member] | CW Joint Venture [Member] | Fremaux Town Center JV, LLC [Member] | Fremaux Town Center JV, LLC [Member] | Fremaux Town Center [Member] | ||||||||||||||||||
The Promenade D'iberville, LLC [Member] | Extension_Options | ||||||||||||||||||||||||||||||||
Guarantor Obligations [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Retainage allegedly owed under the construction contract | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $327,000 | ' | ' | ' | ' | ' | ' |
Proceeds from legal settlements | 800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8,240,000 | ' | ' | ' | ' | ' | ' | ' |
Environmental liability insurance, maximum coverage per incident | ' | 10,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Environmental liability insurance, aggregate coverage limit | ' | 50,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of malls owned by subsidiary | ' | ' | ' | ' | ' | ' | ' | ' | 4 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Payments for repurchase of redeemable noncontrolling interest | ' | ' | ' | ' | ' | ' | 412,986,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 408,577,000 | 4,409,000 | ' | ' | ' | ' |
Annual preferred distribution (in hundredths) | ' | ' | ' | ' | ' | ' | ' | 5.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Reduction to preferred liquidation value of PJV units | ' | 10,000,000 | 0 | 0 | ' | ' | ' | 10,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Annual preferred distribution rate on PJV units increase (in hundredths) | ' | ' | ' | ' | ' | ' | ' | 9.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Excess added to aggregate preferred liquidation value on PJV units, maximum | ' | ' | ' | ' | ' | ' | ' | 418,577,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Guarantees [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Guaranteed percentage of the third party's construction loan and bond line of credit (the loans) (in hundredths) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 27.00% | ' | 25.00% | 100.00% | ' | ' | ' | ' | ' | 25.00% | 100.00% | ' | 100.00% | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' |
Initial maximum guaranteed amount of third party's construction loan | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15,640,000 | 15,640,000 | ' | ' | ' | 6,258,000 | 22,000,000 | ' | ' | ' | ' | 46,000,000 | ' | ' | ' |
Annual reductions to the guarantor's obligations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 800,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Guaranteed minimum exposure amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,000,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of interest owned in unconsolidated affiliate (in hundredths) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | 50.00% | ' | 50.00% | ' | ' | ' | 50.00% | 50.00% | ' | ' | ' | 50.00% | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' |
Total amount outstanding on the loans | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 62,559,000 | 62,559,000 | ' | ' | ' | 6,258,000 | ' | ' | ' | ' | ' | ' | 25,800,000 | ' | ' |
Number of one-year extension options available | ' | ' | ' | ' | 1 | ' | ' | ' | ' | ' | ' | 2 | 2 | ' | 2 | ' | ' | ' | 2 | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 | ' | ' |
Guaranteed amount of the outstanding loan | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 16,400,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Estimated fair value of guaranty | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 192,000 | 130,000 | 130,000 | ' | 130,000 | 478,000 | ' | ' | 157,000 | 157,000 | ' | 961,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Land disposed, sale price | ' | ' | ' | ' | ' | ' | ' | ' | ' | 22,430,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from sale of land | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Decrease in investment in unconsolidated affiliates | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7,430,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Construction loan | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 41,011,000 | 41,011,000 | ' | 41,011,000 | ' | ' | 10,253,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Guarantors Percentage Obligation for Land Loan | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | 25.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Land loan | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,530,000 | 4,530,000 | ' | 4,530,000 | ' | ' | 10,757,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of guaranty obligation agreed to be reimbursed by joint venture partner (in hundredths) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' |
Extension option, term | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '1 year | ' | ' | ' | ' | ' | ' | '1 year | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '1 year | ' | ' |
Loan guaranty, fee income (percent) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.00% | ' | ' | ' |
Long-term debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 460,000 | ' | ' |
Joint venture, ownership percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 35.00% | 65.00% |
Performance Bonds [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total outstanding amount on performance bonds | ' | 23,513,000 | 29,211,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Initial term of lease | ' | '20 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Term of renewal option | ' | ' | ' | ' | '5 years | '10 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Lease expense | ' | 1,371,000 | 1,169,000 | 1,967,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
2014 | ' | 766,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
2015 | ' | 772,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
2016 | ' | 789,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
2017 | ' | 789,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
2018 | ' | 798,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Thereafter | ' | 27,657,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total lease payments due | ' | $31,571,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair_Value_Measurements_Detail
Fair Value Measurements (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Assets: | ' | ' | ' |
Available-for-sale securities | ' | $27,679,000 | ' |
Liabilities: | ' | ' | ' |
Net realized gains and losses on sale of available-for-sale securities | 0 | ' | -22,000 |
Fair value of mortgage and other indebtedness | 5,126,300,000 | 5,058,411,000 | ' |
Discount rate | ' | 20.00% | ' |
Minimum [Member] | ' | ' | ' |
Liabilities: | ' | ' | ' |
Capitalization rate | ' | 10.00% | ' |
Maximum [Member] | ' | ' | ' |
Liabilities: | ' | ' | ' |
Capitalization rate | ' | 12.00% | ' |
CBL & Associates Properties, Inc. [Member] | ' | ' | ' |
Liabilities: | ' | ' | ' |
Net realized gains and losses on sale of available-for-sale securities | 0 | 224,000 | -22,000 |
Mortgage and other indebtedness | 4,857,523,000 | 4,745,683,000 | ' |
Fair Value, Measurements, Recurring [Member] | ' | ' | ' |
Assets: | ' | ' | ' |
Available-for-sale securities | 13,973,000 | 27,679,000 | ' |
Liabilities: | ' | ' | ' |
Interest rate swaps | 4,007,000 | 5,805,000 | ' |
Fair Value, Measurements, Recurring [Member] | Interest Rate Swap [Member] | ' | ' | ' |
Liabilities: | ' | ' | ' |
Number of instruments held | 4 | ' | ' |
Fair Value, Measurements, Recurring [Member] | Interest Rate Cap [Member] | ' | ' | ' |
Liabilities: | ' | ' | ' |
Number of instruments held | ' | 1 | ' |
Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ' | ' | ' |
Assets: | ' | ' | ' |
Available-for-sale securities | 13,973,000 | 16,556,000 | ' |
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' | ' |
Liabilities: | ' | ' | ' |
Interest rate swaps | 4,007,000 | 5,805,000 | ' |
Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' | ' |
Assets: | ' | ' | ' |
Available-for-sale securities | 0 | 11,123,000 | 11,829,000 |
Privately-held debt and equity securities | 0 | 2,475,000 | 2,475,000 |
Fair Value, Measurements, Recurring [Member] | Equity Securities [Member] | ' | ' | ' |
Assets: | ' | ' | ' |
Privately-held debt and equity securities | ' | 2,475,000 | ' |
Fair Value, Measurements, Recurring [Member] | Equity Securities [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' | ' |
Assets: | ' | ' | ' |
Privately-held debt and equity securities | ' | $2,475,000 | ' |
Fair_Value_Measurements_Reconc
Fair Value Measurements - Reconciliations (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2009 |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' |
Discount rate | ' | 20.00% | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ' | ' | ' |
Available-for-sale securities, end of period | ' | $27,679 | ' |
Minimum [Member] | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' |
Fair value analysis, reduction in estimated cash flows | ' | 0.00% | ' |
Maximum [Member] | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' |
Fair value analysis, reduction in estimated cash flows | ' | 10.00% | ' |
Fair Value, Measurements, Recurring [Member] | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ' | ' | ' |
Available-for-sale securities, end of period | 13,973 | 27,679 | ' |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' |
Other than temporary impairment loss on investments | ' | ' | 2,400 |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ' | ' | ' |
Available-for-sale securities, beginning of period | 11,123 | 11,829 | ' |
Redemption of TIF bonds | -11,002 | 0 | ' |
Reclassification adjustment AOCI | 0 | 1,542 | ' |
Transfer out of Level 3 | -121 | -2,248 | ' |
Available-for-sale securities, end of period | 0 | 11,123 | ' |
Privately-held debt and equity securities, beginning of period | 2,475 | 2,475 | ' |
Net settlement | -4,875 | 0 | ' |
Realized gain recorded in earnings | 2,400 | 0 | ' |
Privately held debt and equity securities, end of period | $0 | $2,475 | ' |
Fair_Value_Measurements_Nonrec
Fair Value Measurements - Nonrecurring Basis (Details) (USD $) | 12 Months Ended | 3 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | ||||||||||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Jun. 30, 2013 | Dec. 31, 2013 | Mar. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Sep. 30, 2011 | Dec. 31, 2013 | Sep. 30, 2011 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 |
Properties | Properties | Corporate Airplane [Member] | Madison Square Mall [Member] | Madison Square Mall [Member] | Madison Square Mall [Member] | Imperial Valley Commons, L.P. [Member] | Imperial Valley Commons, L.P. [Member] | Imperial Valley Commons, L.P. [Member] | Courtyard at Hickory Hollow [Member] | Citadel Mall [Member] | Citadel Mall [Member] | Citadel Mall [Member] | Madison Square and Citadel Mall [Member] | Imperial Valley Commons and The Courtyard at Hickory Hollow [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Measurements, Nonrecurring [Member] | Minimum [Member] | Maximum [Member] | Imperial Valley Mall [Member] | ||
Courtyard at Hickory Hollow [Member] | Courtyard at Hickory Hollow [Member] | Outparcel Sale [Member] | Outparcel Sale [Member] | Columbia Place [Member] | |||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Discount rate | ' | 20.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair value assumptions, expected holding period | '10 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Assumed capitalization rate used to determine fair value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10.00% | 12.00% | ' |
Fair value assumptions, estimated cost of sale | 1.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-lived assets fair value disclosure | ' | ' | ' | ' | ' | ' | ' | ' | $5,330 | $25,645 | ' | ' | ' | ' | ' | ' | $8,173 | ' | $31,900 | ' | ' | ' | ' | ' | ' | ' | ' |
Loss on impairment | ' | ' | ' | -1,799 | 47,212 | 47,212 | ' | ' | ' | ' | ' | 20,453 | ' | ' | ' | ' | 67,665 | 23,315 | ' | ' | ' | -621 | -1,064 | 50,683 | ' | ' | ' |
Number of properties written down | 2 | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Joint venture, ownership percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 60.00% |
Property Carrying Values [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-lived assets, beginning carrying value | ' | ' | ' | ' | ' | 57,231 | ' | 25,403 | ' | ' | 5,754 | ' | 45,178 | ' | 102,409 | 31,157 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Capital expenditures | ' | ' | ' | ' | ' | 5 | ' | 264 | ' | ' | 644 | ' | 262 | ' | 267 | 908 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Depreciation expense | ' | ' | ' | ' | ' | -2,024 | ' | -22 | ' | ' | -124 | ' | -1,380 | ' | -3,404 | -146 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loss on impairment of real estate | ' | ' | ' | ' | ' | -47,212 | ' | -20,315 | ' | ' | -3,000 | ' | -20,453 | ' | -67,665 | -23,315 | ' | ' | ' | 2,843 | 5,843 | ' | ' | ' | ' | ' | ' |
Long-lived assets, ending carrying value | ' | ' | ' | ' | 8,000 | 8,000 | ' | 5,330 | ' | ' | 3,274 | ' | 23,607 | ' | 31,607 | 8,604 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Concentration risk, percent of total revenue | ' | ' | ' | ' | ' | 0.70% | ' | ' | ' | ' | 0.03% | ' | 0.60% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Non-cash impairment of long-lived asset | ' | ' | ' | 585 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net proceeds from sale of real estate | 220,425 | 67,594 | 35,125 | 4,292 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,477 | 1,186 | ' | ' | ' | ' |
Real estate investment property, net | ' | ' | ' | $6,091 | $8,000 | $8,000 | $55,212 | ' | ' | ' | ' | $23,900 | ' | $44,353 | ' | ' | ' | ' | ' | ' | ' | $2,098 | $2,250 | $6,063 | ' | ' | ' |
ShareBased_Compensation_Detail
Share-Based Compensation (Details) (USD $) | 1 Months Ended | 12 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Feb. 28, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
installments | ||||
plan | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Number of share-based compensation plans | ' | 2 | ' | ' |
Number of shares authorized | ' | 10,400,000 | ' | ' |
Share-based compensation expense | ' | $2,682 | $3,704 | $1,687 |
Share-based compensation cost capitalized as part of real estate assets | ' | 202 | 128 | 166 |
Share-based compensation award, term to expiration | ' | '10 years | ' | ' |
Award vesting period | ' | '5 years | ' | ' |
Number of installments, at the end of award period | ' | 1 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract] | ' | ' | ' | ' |
Unrecognized compensation cost related to nonvested stock awards | ' | 7,518 | ' | ' |
Compensation cost to be recognized over a weighted average period | ' | '3 years 11 months | ' | ' |
Stock grants during the period | 208,450 | ' | ' | ' |
Stock Options [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Total intrinsic value | ' | ' | 177 | 509 |
Stock Awards [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | ' | ' | ' | ' |
Nonvested, beginning of period (in shares) | ' | 346,860 | ' | ' |
Granted (in shares) | ' | 352,816 | ' | ' |
Vested (in shares) | ' | -209,470 | ' | ' |
Forfeited (in shares) | ' | -11,990 | ' | ' |
Nonvested, end of period (in shares) | ' | 478,216 | 346,860 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract] | ' | ' | ' | ' |
Weighted average grant-date fair value, nonvested, beginning of period (in dollars per share) | ' | $18.72 | $17.06 | ' |
Weighted average grant-date fair value, granted (in dollars per share) | ' | $20.17 | $19.09 | $17.48 |
Weighted average grant-date fair value, vested (in dollars per share) | ' | $18.41 | ' | ' |
Weighted average grant-date fair value, forfeited (in dollars per share) | ' | $18.45 | ' | ' |
Total fair value of shares vested | ' | $4,305 | $4,573 | $1,276 |
Employee_Benefit_Plans_Details
Employee Benefit Plans (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ' | ' | ' |
Defined contribution plan, age of eligibility | '21 years | ' | ' |
Defined contribution plan, required service period prior to plan participation | '0 years 0 months 90 days | ' | ' |
Defined contribution plan, employer matching contribution (percent) | 50.00% | ' | ' |
Defined contribution plan, maximum annual contribution per employee (percent) | 2.50% | ' | ' |
Defined contribution plan, employer discretionary contribution amount | $933 | $929 | $820 |
Deferred compensation arrangement with individual, interest rate on notes payable | 5.00% | ' | ' |
Deferred compensation arrangement with individual, notes payable plus accrued interest | $169 | $124 | ' |
Minimum [Member] | ' | ' | ' |
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ' | ' | ' |
Deferred compensation arrangement with individual, minimum contractual term | '5 years | ' | ' |
Maximum [Member] | ' | ' | ' |
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ' | ' | ' |
Deferred compensation arrangement with individual, minimum contractual term | '10 years | ' | ' |
Quarterly_Information_Unaudite2
Quarterly Information (Unaudited) (Details) (USD $) | 1 Months Ended | 3 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | |||||||||||
In Thousands, except Per Share data, unless otherwise specified | Feb. 28, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Aug. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 26, 2012 |
Shopping Center, D'Iberville, Mississippi [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Citadel Mall [Member] | Madison Square [Member] | Madison Square [Member] | Imperial Valley Mall [Member] | ||||||||||||
The Promenade D'iberville, LLC [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | ||||||||||||||||
Real Estate Properties [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total revenues | ' | $282,009 | $257,550 | $255,584 | $258,482 | $270,248 | $249,185 | $244,516 | $238,894 | $1,053,625 | $1,002,843 | ' | ' | ' | ' | ' | ' | ' |
Income from operations | ' | 62,368 | 97,709 | 77,081 | 93,607 | 94,009 | 94,409 | 92,232 | 89,271 | 330,765 | 369,921 | ' | ' | ' | ' | ' | ' | ' |
Income from continuing operations | ' | 8,983 | 52,234 | 16,255 | 37,845 | 82,441 | 36,166 | 34,674 | 32,768 | 115,317 | 186,049 | ' | ' | ' | ' | ' | ' | ' |
Discontinued operations | ' | -914 | -8,057 | 1,984 | 2,040 | 3,642 | -23,674 | 4,719 | 3,783 | -4,947 | -11,530 | ' | ' | ' | ' | ' | ' | ' |
Net income | ' | 8,069 | 44,177 | 18,239 | 39,885 | 86,083 | 12,492 | 39,393 | 36,551 | 110,370 | 174,519 | ' | ' | ' | ' | ' | ' | ' |
Net income attributable to the Company | ' | 8,843 | 34,324 | 11,724 | 30,313 | 68,086 | 8,074 | 29,391 | 26,049 | 85,204 | 131,600 | ' | ' | ' | ' | ' | ' | ' |
Net income (loss) attributable to common shareholders | ' | -2,380 | 23,101 | 501 | 19,090 | 52,357 | -2,520 | 18,797 | 15,455 | 40,312 | 84,089 | ' | ' | ' | ' | ' | ' | ' |
Basic per share/unit data attributable to common shareholders/unitholders: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income from continuing operations, net of preferred dividends | ' | ($0.01) | $0.18 | ($0.01) | $0.11 | $0.31 | $0.11 | $0.10 | $0.08 | $0.27 | $0.60 | ' | ' | ' | ' | ' | ' | ' |
Net income (loss) attributable to common shareholders | ' | ($0.01) | $0.14 | $0 | $0.12 | $0.33 | ($0.02) | $0.12 | $0.10 | $0.24 | $0.54 | ' | ' | ' | ' | ' | ' | ' |
Diluted per share/unit data attributable to common shareholders/unitholders: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income from continuing operations, net of preferred dividends | ' | ($0.01) | $0.18 | ($0.01) | $0.11 | $0.31 | $0.11 | $0.10 | $0.08 | $0.27 | $0.60 | ' | ' | ' | ' | ' | ' | ' |
Net income (loss) attributable to common shareholders | ' | ($0.01) | $0.14 | $0 | $0.12 | $0.33 | ($0.02) | $0.12 | $0.10 | $0.24 | $0.54 | ' | ' | ' | ' | ' | ' | ' |
Loss on impairment of real estate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20,453 | 47,212 | 47,212 | ' |
Gain (loss) on extinguishment of debt | ' | ' | ' | 9,108 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Prepayment fee | ' | ' | ' | 8,708 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Realized gain recorded in earnings | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,400 | 0 | ' | ' | ' | ' |
Proceeds from legal settlements | 800 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8,240 | ' | ' | ' | ' | ' | ' |
Gain on investment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $45,072 |
Subsequent_Events_Details
Subsequent Events (Details) (USD $) | 1 Months Ended | 3 Months Ended | 1 Months Ended | 1 Months Ended | ||||
In Thousands, unless otherwise specified | Feb. 28, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | Mar. 31, 2013 | Dec. 31, 2013 | Feb. 28, 2014 | Jan. 31, 2014 | Jan. 31, 2014 |
Chapel Hill Mall [Member] | Fremaux Town Center - Phase I [Member] | Citadel Mall [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | |||
Mortgage Loan [Member] | Fremaux Town Center - Phase I [Member] | St. Clair Square [Member] | Citadel Mall [Member] | |||||
Subsequent Event [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Non-recourse debt | ' | ' | $68,681 | ' | $68,169 | ' | ' | ' |
Proceeds from partial legal settlement | 800 | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, maximum borrowing capacity | ' | ' | ' | 46,000 | ' | 47,291 | ' | ' |
Retirement of loan | ' | ' | ' | ' | ' | ' | 122,375 | ' |
Prepayment fees on extinguishment of debt | ' | ' | ' | ' | ' | ' | 1,249 | ' |
Gain on extinguishment of debt | ' | $9,108 | ' | ' | ' | ' | ' | $44,564 |
Schedule_II_Valuation_and_Qual1
Schedule II - Valuation and Qualifying Accounts (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Allowance for Tenant Receivables [Member] | ' | ' | ' |
Movement in Valuation Allowances and Reserves [Roll Forward] | ' | ' | ' |
Balance, beginning of year | $1,977 | $1,760 | $3,167 |
Additions in allowance charged to expense | 1,253 | 798 | 1,670 |
Transfer to/from other receivables - allowance | 0 | 0 | -1,400 |
Bad debts charged against allowance | -851 | -581 | -1,677 |
Balance, end of year | 2,379 | 1,977 | 1,760 |
Allowance for Other Receivables [Member] | ' | ' | ' |
Movement in Valuation Allowances and Reserves [Roll Forward] | ' | ' | ' |
Balance, beginning of year | 1,270 | 1,400 | 0 |
Additions in allowance charged to expense | 0 | 0 | 0 |
Transfer to/from other receivables - allowance | 0 | 0 | 1,400 |
Bad debts charged against allowance | -29 | -130 | 0 |
Balance, end of year | $1,241 | $1,270 | $1,400 |
Schedule_III_Real_Estate_Asset1
Schedule III - Real Estate Assets and Accumulated Depreciation (Details) (USD $) | 12 Months Ended | |||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | $3,723,076,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 939,366,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 5,992,352,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 1,224,759,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | -32,963,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 858,619,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 7,264,895,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 8,123,514,000 | 8,301,013,000 | 7,767,819,000 | 8,611,331,000 |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -2,056,357,000 | -1,972,031,000 | -1,762,149,000 | -1,721,194,000 |
Income Tax Basis [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Land and buildings and improvements, gross | 7,865,000,000 | ' | ' | ' |
Buildings [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Estimated useful life | '40 years | ' | ' | ' |
Certain Improvements [Member] | Maximum [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Estimated useful life | '20 years | ' | ' | ' |
Certain Improvements [Member] | Minimum [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Estimated useful life | '10 years | ' | ' | ' |
Equipment and Fixtures [Member] | Maximum [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Estimated useful life | '10 years | ' | ' | ' |
Equipment and Fixtures [Member] | Minimum [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Estimated useful life | '7 years | ' | ' | ' |
Sun Trust Bank Building [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 941,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 18,417,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | -19,358,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 0 | ' | ' | ' |
The Shoppes at Panama City [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,010,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 8,294,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | -9,304,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 0 | ' | ' | ' |
Village at Rivergate [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,641,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 2,808,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | -5,449,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 0 | ' | ' | ' |
Rivergate Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 17,896,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 86,767,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | -104,663,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 0 | ' | ' | ' |
Lees Summit Land [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 10,992,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | -10,992,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 0 | ' | ' | ' |
Alamance Crossing [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 49,350,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 20,853,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 63,105,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 39,269,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | -2,528,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 18,325,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 102,374,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 120,699,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -20,199,000 | ' | ' | ' |
1500 Sunday Drive [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 812,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 8,872,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | -9,684,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 0 | ' | ' | ' |
840 Greenbrier Circle [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,096,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 3,091,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | -102,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 2,096,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 2,989,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 5,085,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -743,000 | ' | ' | ' |
850 Greenbrier Circle [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 3,154,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 6,881,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | -345,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 3,154,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 6,536,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 9,690,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -1,225,000 | ' | ' | ' |
Arbor Place [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 119,319,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 7,862,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 95,330,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 24,280,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 7,862,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 119,610,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 127,472,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -48,683,000 | ' | ' | ' |
Asheville Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 74,819,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 7,139,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 58,747,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 49,461,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | -805,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 6,334,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 108,208,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 114,542,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -41,478,000 | ' | ' | ' |
Bonita Lakes Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 4,924,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 31,933,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 6,700,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | -985,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 4,924,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 37,648,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 42,572,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -16,505,000 | ' | ' | ' |
Brookfield Square [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 90,117,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 8,996,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 84,250,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 45,413,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | -18,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 9,170,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 129,471,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 138,641,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -46,005,000 | ' | ' | ' |
Burnsville Center [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 77,565,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 12,804,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 71,355,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 52,440,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | -1,157,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 16,102,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 119,340,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 135,442,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -44,771,000 | ' | ' | ' |
Cary Towne Center [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 53,679,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 23,688,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 74,432,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 27,383,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 23,701,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 101,802,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 125,503,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -33,569,000 | ' | ' | ' |
Chapel Hill Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 68,681,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 6,578,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 68,043,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 13,764,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 6,578,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 81,807,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 88,385,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -22,428,000 | ' | ' | ' |
Cherryvale Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 80,364,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 11,892,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 63,973,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 54,905,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | -1,667,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 11,608,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 117,495,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 129,103,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -36,086,000 | ' | ' | ' |
Chesterfield Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 140,000,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 11,083,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 282,140,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 2,433,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 11,083,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 284,573,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 295,656,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -58,711,000 | ' | ' | ' |
Citadel Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 68,169,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 10,990,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 44,008,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | -30,065,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | -1,289,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 4,926,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 18,718,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 23,644,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -461,000 | ' | ' | ' |
College Square [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,954,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 17,787,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 22,847,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | -88,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 2,866,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 40,634,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 43,500,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -18,915,000 | ' | ' | ' |
Columbia Place [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 27,265,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,526,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 52,348,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | -47,218,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | -423,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 1,103,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 5,130,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 6,233,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -476,000 | ' | ' | ' |
Cross Creek Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 133,964,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 19,155,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 104,353,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 31,147,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 20,169,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 134,486,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 154,655,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -32,559,000 | ' | ' | ' |
Dakota Square Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 57,642,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 4,552,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 87,625,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 2,296,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 4,552,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 89,921,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 94,473,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -4,401,000 | ' | ' | ' |
Eastland Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 59,400,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 5,746,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 75,893,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 7,255,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | -754,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 5,304,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 82,836,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 88,140,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -24,442,000 | ' | ' | ' |
East Towne Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 68,539,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 4,496,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 63,867,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 41,566,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | -366,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 4,130,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 105,433,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 109,563,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -35,160,000 | ' | ' | ' |
Eastgate Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 41,101,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 13,046,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 44,949,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 26,666,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | -1,017,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 12,029,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 71,615,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 83,644,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -23,936,000 | ' | ' | ' |
Fashion Square [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 40,675,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 15,218,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 64,970,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 11,513,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 15,218,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 76,483,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 91,701,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -26,199,000 | ' | ' | ' |
Fayette Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 175,318,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 25,194,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 84,267,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 72,269,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 11,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 25,205,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 156,536,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 181,741,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -41,777,000 | ' | ' | ' |
Frontier Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,681,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 15,858,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 18,654,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 2,681,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 34,512,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 37,193,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -18,867,000 | ' | ' | ' |
Foothills Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 5,558,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 25,244,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 11,652,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 5,558,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 36,896,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 42,454,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -22,010,000 | ' | ' | ' |
Greenbriar Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 75,543,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 3,181,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 107,355,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 12,887,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | -626,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 2,555,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 120,242,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 122,797,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -30,140,000 | ' | ' | ' |
Hamilton Place [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 103,888,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 3,532,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 42,623,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 39,866,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | -441,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 3,091,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 82,489,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 85,580,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -41,954,000 | ' | ' | ' |
Hanes Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 153,977,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 17,176,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 133,376,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 45,635,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | -948,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 16,808,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 178,431,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 195,239,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -57,508,000 | ' | ' | ' |
Harford Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 8,699,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 45,704,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 21,590,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 8,699,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 67,294,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 75,993,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -19,236,000 | ' | ' | ' |
Hickory Point [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 29,005,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 10,731,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 31,728,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 12,450,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | -293,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 10,439,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 44,177,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 54,616,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -14,573,000 | ' | ' | ' |
Honey Creek Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 29,988,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 3,108,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 83,358,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 12,367,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 3,108,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 95,725,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 98,833,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -24,809,000 | ' | ' | ' |
Imperial Valley Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 51,278,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 35,378,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 70,549,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 160,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 35,378,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 70,709,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 106,087,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -2,478,000 | ' | ' | ' |
Janesville Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 3,797,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 8,074,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 26,009,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 8,035,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 8,074,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 34,044,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 42,118,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -13,258,000 | ' | ' | ' |
Jefferson Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 69,599,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 13,125,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 40,234,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 23,653,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | -521,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 12,604,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 63,887,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 76,491,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -20,828,000 | ' | ' | ' |
Kirkwood Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 39,778,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 3,368,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 118,945,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 963,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 3,368,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 119,908,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 123,276,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -3,902,000 | ' | ' | ' |
The Lakes Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 3,328,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 42,366,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 11,398,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 3,328,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 53,764,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 57,092,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -21,896,000 | ' | ' | ' |
Lakeshore Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,443,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 28,819,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 7,210,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | -169,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 1,274,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 36,029,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 37,303,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -18,182,000 | ' | ' | ' |
Laurel Park [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 13,289,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 92,579,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 10,005,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 13,289,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 102,584,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 115,873,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -32,705,000 | ' | ' | ' |
Layton Hills Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 96,433,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 20,464,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 99,836,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 12,569,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | -275,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 20,189,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 112,405,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 132,594,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -31,971,000 | ' | ' | ' |
Madison Square [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 17,596,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 39,186,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | -48,810,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 2,550,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 5,422,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 7,972,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 0 | ' | ' | ' |
Mall Del Norte [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 113,400,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 21,734,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 142,049,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 49,273,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 21,734,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 191,322,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 213,056,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -57,901,000 | ' | ' | ' |
Acadiana Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 134,933,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 22,511,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 145,769,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 14,875,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 22,511,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 160,644,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 183,155,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -57,868,000 | ' | ' | ' |
Midland Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 529,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 103,678,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 67,057,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 2,232,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 169,032,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 171,264,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -66,114,000 | ' | ' | ' |
Mid Rivers Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 33,894,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 10,321,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 29,429,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 9,591,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 10,321,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 39,020,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 49,341,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -14,725,000 | ' | ' | ' |
Mid Rivers Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 16,384,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 170,582,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 12,798,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 16,384,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 183,380,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 199,764,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -37,655,000 | ' | ' | ' |
Monroeville Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 22,195,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 177,214,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 56,942,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 24,716,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 231,635,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 256,351,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -55,932,000 | ' | ' | ' |
Northgate Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,330,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 8,960,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 10,406,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 2,330,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 19,366,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 21,696,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -1,167,000 | ' | ' | ' |
Northwoods Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 9,977,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 65,481,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 33,633,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 10,962,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 98,129,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 109,091,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -30,191,000 | ' | ' | ' |
Northwoods Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 71,294,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 14,867,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 49,647,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 19,460,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | -2,339,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 12,528,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 69,107,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 81,635,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -23,035,000 | ' | ' | ' |
Old Hickory Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 15,527,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 29,413,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 6,508,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 15,527,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 35,921,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 51,448,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -12,958,000 | ' | ' | ' |
Outlet Shoppes at Atlanta [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 79,902,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 7,186,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 96,640,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | -42,216,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 7,186,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 54,424,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 61,610,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -1,220,000 | ' | ' | ' |
Outlet Shoppes at El Paso [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 65,465,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 9,239,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 96,640,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 1,218,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 9,239,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 97,858,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 107,097,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -6,677,000 | ' | ' | ' |
Outlet Shoppes at Gettysburg [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 39,437,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 20,953,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 22,180,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 463,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 20,953,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 22,643,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 43,596,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -2,154,000 | ' | ' | ' |
Outlet Shoppes at Oklahoma City [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 57,812,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 8,364,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 50,268,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 11,778,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 8,368,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 62,042,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 70,410,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -9,788,000 | ' | ' | ' |
Park Plaza Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 89,991,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 23,850,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 47,390,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 49,644,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | -307,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 23,543,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 97,034,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 120,577,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -30,350,000 | ' | ' | ' |
Park Plaza Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 93,909,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 6,297,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 81,638,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 35,254,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 6,304,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 116,885,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 123,189,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -38,851,000 | ' | ' | ' |
Pearland Town Center [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 39,433,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 6,364,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 67,067,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 1,883,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 6,364,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 68,950,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 75,314,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -8,585,000 | ' | ' | ' |
Pearland Town Center [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 17,570,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 16,300,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 108,615,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 13,849,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | -366,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 15,443,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 122,955,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 138,398,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -27,284,000 | ' | ' | ' |
Randolph Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 3,936,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 48,948,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 12,167,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | -327,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 3,608,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 61,116,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 64,724,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -27,005,000 | ' | ' | ' |
Regency Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 4,547,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 13,927,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 10,442,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 4,547,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 24,369,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 28,916,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -7,888,000 | ' | ' | ' |
Richland Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 3,384,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 36,839,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 15,238,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 4,244,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 51,217,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 55,461,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -18,577,000 | ' | ' | ' |
Rivergate Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 9,874,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 34,793,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 9,243,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 9,887,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 44,023,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 53,910,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -14,581,000 | ' | ' | ' |
River Ridge Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 4,824,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 59,052,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 12,413,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | -94,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 4,731,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 71,464,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 76,195,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -15,738,000 | ' | ' | ' |
South Country Center [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 15,754,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 159,249,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 13,775,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 15,754,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 173,024,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 188,778,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -34,169,000 | ' | ' | ' |
Southhaven Town Ctr [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 40,929,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 8,255,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 29,380,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 13,207,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 8,478,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 42,364,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 50,842,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -12,820,000 | ' | ' | ' |
Southpark Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 65,531,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 9,501,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 73,262,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 30,190,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 11,282,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 101,671,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 112,953,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -28,350,000 | ' | ' | ' |
Stroud Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 33,243,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 14,711,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 23,936,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 21,252,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 14,711,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 45,188,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 59,899,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -14,846,000 | ' | ' | ' |
St. Clair Square [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 122,375,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 11,027,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 75,620,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 33,946,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 11,027,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 109,566,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 120,593,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -43,297,000 | ' | ' | ' |
Sunrise Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 11,156,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 59,047,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | -1,662,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 11,156,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 57,385,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 68,541,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -16,532,000 | ' | ' | ' |
Turtle Creek Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,345,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 26,418,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 19,057,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 3,535,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 44,285,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 47,820,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -19,671,000 | ' | ' | ' |
Valley View [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 61,027,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 15,985,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 77,771,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 17,615,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 15,999,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 95,372,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 111,371,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -25,501,000 | ' | ' | ' |
Volusia Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 51,586,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,526,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 120,242,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 15,885,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 6,431,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 132,222,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 138,653,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -32,570,000 | ' | ' | ' |
Walnut Square [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 50,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 15,138,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 16,746,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 50,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 31,884,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 31,934,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -17,164,000 | ' | ' | ' |
Wasau Center [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 18,790,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 5,231,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 24,705,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 16,901,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | -5,231,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 41,606,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 41,606,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -16,347,000 | ' | ' | ' |
West Towne Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 96,811,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 9,545,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 83,084,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 44,443,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 9,545,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 127,527,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 137,072,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -40,435,000 | ' | ' | ' |
WestGate Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 38,818,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,149,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 23,257,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 45,178,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | -432,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 1,742,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 68,410,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 70,152,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -32,855,000 | ' | ' | ' |
Westmoreland Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 4,621,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 84,215,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 15,056,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 4,621,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 99,271,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 103,892,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -32,316,000 | ' | ' | ' |
York Galleria [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 53,093,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 5,757,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 63,316,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 9,176,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 5,757,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 72,492,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 78,249,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -27,200,000 | ' | ' | ' |
Annex at Monroeville Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 716,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 29,496,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | -707,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 716,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 28,789,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 29,505,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -6,846,000 | ' | ' | ' |
Bonita Crossing [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 794,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 4,786,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 8,679,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 794,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 13,465,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 14,259,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -5,286,000 | ' | ' | ' |
Chapel Hill Surban [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 925,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 2,520,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 935,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 925,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 3,455,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 4,380,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -948,000 | ' | ' | ' |
Coolsprings Crossing [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 12,427,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,803,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 14,985,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 4,549,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 3,554,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 18,783,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 22,337,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -10,576,000 | ' | ' | ' |
Courtyard at Hickory Hollow [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 3,314,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 2,771,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | -2,099,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | -231,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 1,500,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 2,255,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 3,755,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -142,000 | ' | ' | ' |
Eastgate Crossing [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 15,024,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 707,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 2,424,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 7,963,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | -11,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 696,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 10,387,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 11,083,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -3,149,000 | ' | ' | ' |
Foothills Plaza [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 269,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 4,092,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 1,478,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 289,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 5,550,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 5,839,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -3,466,000 | ' | ' | ' |
Frontier Square [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 346,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 684,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 374,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | -86,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 260,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 1,058,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 1,318,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -595,000 | ' | ' | ' |
Gunbarrel Pointe [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 11,067,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 4,170,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 10,874,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 3,380,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 4,170,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 14,254,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 18,424,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -4,451,000 | ' | ' | ' |
Hamilton Corner [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 15,289,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 630,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 5,532,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 5,845,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 734,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 11,273,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 12,007,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -5,483,000 | ' | ' | ' |
Hamilton Crossing [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 10,075,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 4,014,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 5,906,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 6,705,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | -1,370,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 2,644,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 12,611,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 15,255,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -5,691,000 | ' | ' | ' |
Harford Annex [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,854,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 9,718,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 853,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 2,854,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 10,571,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 13,425,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -2,629,000 | ' | ' | ' |
The Landing at Arbor Place [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 4,993,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 14,330,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 1,487,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | -748,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 4,245,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 15,817,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 20,062,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -7,248,000 | ' | ' | ' |
Layton Convenience Ctr [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 8,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 954,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 962,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 962,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -273,000 | ' | ' | ' |
Layton Hills Plaza [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 2,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 299,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 301,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 301,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -133,000 | ' | ' | ' |
Madison Plaza [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 473,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 2,888,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 3,678,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 473,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 6,566,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 7,039,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -4,052,000 | ' | ' | ' |
The Plaza at Fayette Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 39,833,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 9,531,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 27,646,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 4,191,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 9,531,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 31,837,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 41,368,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -8,294,000 | ' | ' | ' |
Parkdale Crossing [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,994,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 7,408,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 2,088,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | -355,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 2,639,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 9,496,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 12,135,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -2,720,000 | ' | ' | ' |
The Shoppes at Hamilton Place [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 4,894,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 11,700,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 1,407,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 4,894,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 13,107,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 18,001,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -3,384,000 | ' | ' | ' |
Sunrise Commons [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,013,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 7,525,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 1,108,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 1,013,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 8,633,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 9,646,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -2,311,000 | ' | ' | ' |
The Shoppes at St Clair [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 20,187,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 8,250,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 23,623,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 460,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | -5,044,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 3,206,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 24,083,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 27,289,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -6,419,000 | ' | ' | ' |
The Terrace [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 13,963,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 4,166,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 9,929,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 8,097,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 6,536,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 15,656,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 22,192,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -4,320,000 | ' | ' | ' |
West Towne Crossing [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,151,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 2,955,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 312,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 1,151,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 3,267,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 4,418,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -1,013,000 | ' | ' | ' |
WestGate Crossing [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,082,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 3,422,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 6,180,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 1,082,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 9,602,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 10,684,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -3,563,000 | ' | ' | ' |
Westmoreland South [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,898,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 21,167,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 8,955,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 2,898,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 30,122,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 33,020,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -8,271,000 | ' | ' | ' |
Cobblestone Village [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 6,082,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 12,070,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | -567,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | -220,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 4,296,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 13,069,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 17,365,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -2,123,000 | ' | ' | ' |
The Promenade at Dlberville [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 51,300,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 16,278,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 48,806,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 14,529,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | -706,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 15,879,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 63,028,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 78,907,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -8,088,000 | ' | ' | ' |
Forum at Grandview [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 9,234,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 17,285,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 14,710,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | -288,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 9,048,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 31,893,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 40,941,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -2,148,000 | ' | ' | ' |
Marshalls Creek [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 6,456,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 15,351,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 6,456,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 15,351,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 21,807,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -286,000 | ' | ' | ' |
Statesboro Crossing [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 11,337,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,855,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 17,805,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 362,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | -235,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 2,840,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 17,947,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 20,787,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -2,982,000 | ' | ' | ' |
Waynesville Commons [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 3,511,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 6,141,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 13,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 3,511,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 6,154,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 9,665,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -220,000 | ' | ' | ' |
Pemberton Plaza [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,284,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 1,379,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 431,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 1,284,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 1,810,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 3,094,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -578,000 | ' | ' | ' |
CBL Center [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 21,095,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 140,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 24,675,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | -12,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 140,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 24,663,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 24,803,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -12,273,000 | ' | ' | ' |
CBL Center II [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 13,648,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 1,039,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 14,687,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 14,687,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -3,283,000 | ' | ' | ' |
Oak Branch Business Center [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 535,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 2,192,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | -151,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 535,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 2,041,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 2,576,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -436,000 | ' | ' | ' |
One Oyster Point [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,822,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 3,623,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 2,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 1,822,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 3,625,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 5,447,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -610,000 | ' | ' | ' |
Pearland Hotel [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 16,149,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 328,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 16,477,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 16,477,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -3,019,000 | ' | ' | ' |
Pearland Office [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 7,849,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 1,341,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 9,190,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 9,190,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -662,000 | ' | ' | ' |
Pearland Residential Mgmt [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 9,666,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 9,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 9,675,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 9,675,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -1,456,000 | ' | ' | ' |
Two Oyster Point [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,543,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 3,974,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 359,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 1,543,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 4,333,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 5,876,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -1,191,000 | ' | ' | ' |
Other Land [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 2,983,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,489,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 2,651,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 56,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | -214,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 1,279,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 2,703,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 3,982,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | -2,376,000 | ' | ' | ' |
Development in Progress Consisting of Construction and Development Properties [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 139,383,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 139,383,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 139,383,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 0 | ' | ' | ' |
General Cinema [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 100,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 1,082,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | -1,182,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 0 | ' | ' | ' |
Georgia Square [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 2,982,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 31,071,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | -34,053,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 0 | ' | ' | ' |
Lake Point Office Build [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,435,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 14,261,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | -15,696,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 0 | ' | ' | ' |
Panama City Mall [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 9,017,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 37,454,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | -46,471,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 0 | ' | ' | ' |
Peninsula Business Center I [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 887,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 1,440,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | -2,327,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 0 | ' | ' | ' |
Peninsula Business Center II [Member] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' |
Real Estate and Accumulated Depreciation, Encumbrances | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,654,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 873,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition | -2,527,000 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Sale of Outparcel Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 0 | ' | ' | ' |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | $0 | ' | ' | ' |
Schedule_III_Real_Estate_Asset2
Schedule III - Real Estate Assets and Accumulated Depreciation Activity (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Reconciliation of Carrying Amount of Real Estate Investments and Accumulated Depreciation [Roll Forward] | ' | ' | ' |
Balance, end of period | $8,301,013 | $7,767,819 | $8,611,331 |
Additions and improvements | 282,664 | 217,161 | 201,359 |
Acquisitions of real estate assets | 29,912 | 474,623 | 11,197 |
Disposals, deconsolidations and accumulated depreciation on impairments | -412,976 | -108,554 | -999,685 |
Transfers from real estate assets | -8,031 | 808 | -476 |
Impairment of real estate assets | -69,068 | -50,844 | -55,907 |
Balance, end of period | 8,123,514 | 8,301,013 | 7,767,819 |
Accumulated depreciation, beginning of period | 1,972,031 | 1,762,149 | 1,721,194 |
Depreciation expense | 253,142 | 247,702 | 260,847 |
Accumulated depreciation on real estate assets sold, retired, or deconsolidated | -168,816 | -37,820 | -219,892 |
Accumulated depreciation, end of period | $2,056,357 | $1,972,031 | $1,762,149 |
Schedule_IV_Mortgage_Notes_Rec1
Schedule IV - Mortgage Notes Receivable on Real Estate (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Interest rate | 6.47% | 7.33% | ' |
Minimum interest rate in range | 2.67% | ' | ' |
Maximum interest rate in range | 10.00% | ' | ' |
Monthly payment amount | $106 | ' | ' |
Balloon payment at maturity | 14,940 | ' | ' |
Face amount of mortgages | 20,609 | ' | ' |
Federal income tax basis | 19,120 | ' | ' |
Principal amount of mortgage subject to delinquent principal or interest | 0 | ' | ' |
Debt instrument interest rate stated percentage increase after year two | 4.75% | ' | ' |
Movement in Mortgage Loans on Real Estate [Roll Forward] | ' | ' | ' |
Beginning balance | 19,383 | 34,239 | 30,519 |
Additions | 0 | 0 | 15,334 |
Receipt of land in lieu of payment | 0 | 0 | -2,235 |
Non-cash transfer | 0 | -12,741 | 0 |
Write-off of uncollectable amounts | 0 | 0 | -1,900 |
Payments | -263 | -2,115 | -7,479 |
Ending balance | 19,120 | 19,383 | 34,239 |
Other Mortgage, Type [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Interest rate description | '2.67% - 9.50% | ' | ' |
Minimum interest rate in range | 2.67% | ' | ' |
Maximum interest rate in range | 9.50% | ' | ' |
Monthly payment amount | 17 | ' | ' |
Balloon payment at maturity | 3,340 | ' | ' |
Face amount of mortgages | 5,782 | ' | ' |
Federal income tax basis | 5,782 | ' | ' |
Principal amount of mortgage subject to delinquent principal or interest | 0 | ' | ' |
Basis spread on variable rate | 2.00% | ' | ' |
Interest rate, current variable rate | 5.25% | ' | ' |
Coastal Grand - MyrtleBeach [Member] | First Mortgage [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Interest rate | 7.75% | ' | ' |
Monthly payment amount | 58 | ' | ' |
Balloon payment at maturity | 9,000 | ' | ' |
Face amount of mortgages | 9,000 | ' | ' |
Federal income tax basis | 9,000 | ' | ' |
Principal amount of mortgage subject to delinquent principal or interest | 0 | ' | ' |
One Park Place [Member] | First Mortgage [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Interest rate | 5.00% | ' | ' |
Monthly payment amount | 21 | ' | ' |
Balloon payment at maturity | 0 | ' | ' |
Face amount of mortgages | 3,200 | ' | ' |
Federal income tax basis | 1,738 | ' | ' |
Principal amount of mortgage subject to delinquent principal or interest | 0 | ' | ' |
Village Square, Houghton Lake and Cadillac [Member] | First Mortgage [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Interest rate | 4.50% | ' | ' |
Monthly payment amount | 10 | ' | ' |
Balloon payment at maturity | 2,600 | ' | ' |
Face amount of mortgages | 2,627 | ' | ' |
Federal income tax basis | 2,600 | ' | ' |
Principal amount of mortgage subject to delinquent principal or interest | $0 | ' | ' |
New Garden Crossing [Member] | First Mortgage [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Basis spread on variable rate | 2.50% | ' | ' |
Woodstock GA Investments LLC [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Interest rate | 10.00% | ' | ' |