Document And Entity Information
Document And Entity Information - USD ($) $ in Billions | 12 Months Ended | ||
Dec. 31, 2016 | Feb. 22, 2017 | Jun. 30, 2016 | |
Document Information [Line Items] | |||
Entity Registrant Name | KIMCO REALTY CORP | ||
Entity Central Index Key | 879,101 | ||
Trading Symbol | kim | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Filer Category | Large Accelerated Filer | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Well-known Seasoned Issuer | Yes | ||
Entity Common Stock, Shares Outstanding (in shares) | 425,629,020 | ||
Entity Public Float | $ 12.8 | ||
Document Type | 10-K | ||
Document Period End Date | Dec. 31, 2016 | ||
Document Fiscal Year Focus | 2,016 | ||
Document Fiscal Period Focus | FY | ||
Amendment Flag | false |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Dec. 31, 2016 | Dec. 31, 2015 | |
Rental property | |||
Land | $ 2,845,186,000 | $ 2,728,257,000 | |
Buildings and improvements | 8,827,861,000 | 8,661,362,000 | |
11,673,047,000 | 11,389,619,000 | ||
Less: accumulated depreciation and amortization | [1] | (2,278,292,000) | (2,115,320,000) |
9,394,755,000 | 9,274,299,000 | ||
Property Under Development | 335,028,000 | 179,190,000 | |
Real estate, net | 9,729,783,503 | 9,453,489,000 | |
Investments and advances in real estate joint ventures | 504,209,000 | 742,559,000 | |
Other real estate investments | 209,146,000 | 215,836,000 | |
Mortgages and other financing receivables | 23,197,000 | 23,824,000 | |
Cash and cash equivalents | 142,486,000 | 189,534,000 | |
Marketable securities | 8,101,000 | 7,565,000 | |
Accounts and notes receivable, net | 181,823,000 | 175,252,000 | |
Deferred charges and prepaid expenses | 147,694,000 | 152,349,000 | |
Other assets | 284,161,000 | 383,763,000 | |
Total assets | 11,230,600,000 | 11,344,171,000 | |
Liabilities: | |||
Notes payable | 3,927,251,000 | 3,761,328,000 | |
Mortgages payable | 1,139,117,000 | 1,614,982,000 | |
Accounts payable and accrued expenses | 145,751,000 | 150,059,000 | |
Dividends payable | 124,517,000 | 115,182,000 | |
Other liabilities | 404,137,000 | 433,960,000 | |
Total liabilities | 5,740,773,000 | 6,075,511,000 | |
Redeemable noncontrolling interests | 86,953,000 | 86,709,000 | |
Commitments and Contingencies | |||
Stockholders' equity: | |||
Preferred stock, $1.00 par value, authorized 6,029,100 shares, 32,000 shares issued and outstanding (in series) Aggregate liquidation preference $800,000 | 32,000 | 32,000 | |
Common stock, $.01 par value, authorized 750,000,000 shares issued and outstanding 425,034,113 and 413,430,756 shares, respectively | 4,250,000 | 4,134,000 | |
Paid-in capital | 5,922,958,000 | 5,608,881,000 | |
Cumulative distributions in excess of net income | (676,867,000) | (572,335,000) | |
Accumulated other comprehensive income | 5,766,000 | 5,588,000 | |
Total stockholders' equity | 5,256,139,000 | 5,046,300,000 | |
Noncontrolling interests | 146,735,000 | 135,651,000 | |
Total equity | 5,402,874,000 | 5,181,951,000 | |
Total liabilities and equity | $ 11,230,600,000 | $ 11,344,171,000 | |
[1] | At December 31, 2016 and 2015, the Company had accumulated amortization relating to in-place leases, tenant relationships and above-market leases aggregating $409,062 and $357,581, respectively. |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - USD ($) | Dec. 31, 2016 | Dec. 31, 2015 |
Preferred Stock, Par Value (in dollars per share) | $ 1 | $ 1 |
Preferred Stock, Shares Authorized (in shares) | 6,029,100 | 6,029,100 |
Preferred Stock, Shares Issued (in shares) | 32,000 | 32,000 |
Preferred Stock, Shares Outstanding (in shares) | 32,000 | 32,000 |
Preferred Stock, Aggregate Liquidation Preference | $ 800,000,000 | $ 800,000,000 |
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Common stock, shares authorized (in shares) | 750,000,000 | 750,000,000 |
Common stock, shares issued (in shares) | 425,034,113 | 413,430,756 |
Common stock, shares outstanding (in shares) | 425,034,113 | 413,430,756 |
Consolidated Statements of Inco
Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | ||
Revenues | ||||
Revenues from rental properties | $ 1,152,401 | $ 1,144,474 | $ 958,888 | |
Management and other fee income | 18,391 | 22,295 | 35,009 | |
Total revenues | 1,170,792 | 1,166,769 | 993,897 | |
Operating expenses | ||||
Rent | 10,993 | 12,347 | 14,250 | |
Real estate taxes | 146,615 | 147,150 | 124,670 | |
Operating and maintenance | 140,910 | 144,980 | 119,697 | |
General and administrative expenses | 117,302 | 122,735 | 122,201 | |
Provision for doubtful accounts | 5,563 | 6,075 | 4,882 | |
Impairment charges | 93,266 | 45,464 | 217,858 | |
Depreciation and amortization | 355,320 | 344,527 | 258,074 | |
Total operating expenses | 869,969 | 823,197 | 683,582 | |
Operating income | 300,823 | 343,572 | 310,315 | |
Other income/(expense) | ||||
Mortgage financing income | 1,634 | 2,940 | 3,129 | |
Interest, dividends and other investment income | 1,478 | 39,061 | 966 | |
Other expense, net | 2,313 | 2,234 | (8,544) | |
Interest expense | (192,549) | (218,891) | (203,759) | |
Early extinguishment of debt charges | (45,674) | |||
Income from continuing operations before income taxes, equity in income of joint ventures, gain on change in control of interests and equity in income from other real estate investments | 68,025 | 168,916 | 102,107 | |
Provision for income taxes, net | (72,545) | (60,230) | (22,438) | |
Equity in income of joint ventures, net | 218,714 | 480,395 | 159,560 | |
Gain on change in control of interests, net | 57,386 | 149,234 | 107,235 | |
Income from continuing operations | 299,353 | 774,405 | 384,506 | |
Discontinued operations | ||||
(Loss)/income from discontinued operating properties, net of tax | (15) | 36,780 | ||
Impairment/loss on operating properties, net of tax | (60) | (176,315) | ||
Gain on disposition of operating properties, net of tax | 190,520 | |||
(Loss)/income from discontinued operating properties | (75) | 50,985 | ||
Gain on sale of operating properties, net, net of tax | 86,785 | 125,813 | 389 | |
Net income | 386,138 | 900,143 | 435,880 | |
Net income attributable to noncontrolling interests | (7,288) | (6,028) | (11,879) | |
Net income attributable to the Company | 378,850 | 894,115 | 424,001 | |
Preferred stock redemption charges | (5,816) | |||
Preferred dividends | (46,220) | (57,084) | (58,294) | |
Net income available to the Company's common shareholders | $ 332,630 | $ 831,215 | $ 365,707 | |
Per common share: | ||||
-Basic (in dollars per share) | $ 0.79 | $ 2.01 | $ 0.77 | |
-Diluted (in dollars per share) | 0.79 | 2 | 0.77 | |
Net income available to the Company: | ||||
-Basic (in dollars per share) | 0.79 | 2.01 | 0.89 | |
-Diluted (in dollars per share) | $ 0.79 | $ 2 | $ 0.89 | |
Weighted average shares: | ||||
-Basic (in shares) | 418,402 | 411,319 | 409,088 | |
-Diluted (in shares) | [1] | 419,709 | 412,851 | 411,038 |
Amounts available to the Company's common shareholders: | ||||
Income from continuing operations | $ 332,630 | $ 831,290 | $ 316,839 | |
(Loss)/income from discontinued operations | (75) | 48,868 | ||
Net income | 332,630 | 831,215 | 365,707 | |
Joint Ventures [Member] | ||||
Other income/(expense) | ||||
Equity in income of joint ventures, net | 218,714 | 480,395 | 159,560 | |
Other Real Estate Investments [Member] | ||||
Operating expenses | ||||
Impairment charges | 5,300 | |||
Other income/(expense) | ||||
Equity in income of joint ventures, net | 27,773 | 36,090 | 38,042 | |
Continuing Operations [Member] | ||||
Operating expenses | ||||
Impairment charges | $ 93,266 | $ 45,383 | $ 39,808 | |
[1] | The effect of the assumed conversion of certain convertible units had an anti-dilutive effect upon the calculation of Income from continuing operations per share. Accordingly, the impact of such conversions has not been included in the determination of diluted earnings per share calculations. Additionally, there were 3,490,400, 5,300,680 and 7,137,120, stock options that were not dilutive as of December 31, 2016, 2015 and 2014, respectively. |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Net income | $ 386,138 | $ 900,143 | $ 435,880 |
Other comprehensive income: | |||
Change in unrealized gain on marketable securities | 8 | (45,799) | 20,202 |
Change in unrealized loss on interest rate swaps | 451 | (22) | (1,404) |
Change in foreign currency translation adjustment | (281) | 6,287 | 96,895 |
Other comprehensive income/(loss) | 178 | (39,534) | 115,693 |
Comprehensive income | 386,316 | 860,609 | 551,573 |
Comprehensive income attributable to noncontrolling interests | (7,288) | (6,028) | (17,468) |
Comprehensive income attributable to the Company | 379,028 | 854,581 | 534,105 |
Interest Rate Swap [Member] | |||
Other comprehensive income: | |||
Change in unrealized loss on interest rate swaps | $ 451 | $ (22) | $ (1,404) |
Consolidated Statements of Chan
Consolidated Statements of Changes in Equity - USD ($) $ in Thousands | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Parent [Member] | Noncontrolling Interest [Member] | Total |
Balance at the beginning of the year at Dec. 31, 2013 | $ (996,058) | $ (64,982) | $ 102 | $ 4,097 | $ 5,689,258 | $ 4,632,417 | $ 137,109 | $ 4,769,526 |
Balance (in shares) at Dec. 31, 2013 | 102,000 | 409,731,000 | ||||||
Noncontrolling Interest, Increase from Subsidiary Equity Issuance | 6,259 | 6,259 | ||||||
Comprehensive income: | ||||||||
Net income | 424,001 | 424,001 | 11,879 | 435,880 | ||||
Other comprehensive income, net of tax: | ||||||||
Change in unrealized gain on marketable securities | 20,202 | 20,202 | 20,202 | |||||
Change in unrealized loss on interest rate swaps | (1,404) | (1,404) | (1,404) | |||||
Change in foreign currency translation adjustment | 91,306 | 91,306 | 5,589 | 96,895 | ||||
Redeemable noncontrolling interests income | (6,335) | (6,335) | ||||||
Dividends | (434,521) | (434,521) | (434,521) | |||||
Distributions to noncontrolling interests | (26,755) | (26,755) | ||||||
Issuance of common stock (in shares) | 805,000 | |||||||
Issuance of common stock | $ 8 | 14,039 | 14,047 | 14,047 | ||||
Surrender of restricted stock (in shares) | (190,000) | |||||||
Surrender of common stock | $ (2) | (4,049) | (4,051) | $ (4,051) | ||||
Exercise of common stock options (in shares) | 1,474,000 | 1,474,432 | ||||||
Exercise of common stock options | $ 15 | 23,859 | 23,874 | $ 23,874 | ||||
Acquisition of noncontrolling interests | (294) | (294) | (766) | (1,060) | ||||
Amortization of equity awards | 9,208 | 9,208 | 9,208 | |||||
Balance at the end of the year at Dec. 31, 2014 | (1,006,578) | 45,122 | $ 102 | $ 4,118 | 5,732,021 | 4,774,785 | 126,980 | 4,901,765 |
Balance (in shares) at Dec. 31, 2014 | 102,000 | 411,820,000 | ||||||
Other comprehensive income, net of tax: | ||||||||
Noncontrolling Interest, Increase from Subsidiary Equity Issuance | 6,259 | 6,259 | ||||||
Noncontrolling Interest, Increase from Subsidiary Equity Issuance | 66,163 | 66,163 | ||||||
Net income | 894,115 | 894,115 | 6,028 | 900,143 | ||||
Change in unrealized gain on marketable securities | (45,799) | (45,799) | (45,799) | |||||
Change in unrealized loss on interest rate swaps | (22) | (22) | (22) | |||||
Change in foreign currency translation adjustment | 6,287 | 6,287 | 6,287 | |||||
Redeemable noncontrolling interests income | (7,061) | (7,061) | ||||||
Dividends | (459,872) | (459,872) | (459,872) | |||||
Distributions to noncontrolling interests | (8,539) | (8,539) | ||||||
Issuance of common stock (in shares) | 824,000 | |||||||
Issuance of common stock | $ 8 | 485 | 493 | 493 | ||||
Surrender of restricted stock (in shares) | (232,000) | |||||||
Surrender of common stock | $ (2) | (5,680) | (5,682) | $ (5,682) | ||||
Exercise of common stock options (in shares) | 1,019,000 | 1,019,240 | ||||||
Exercise of common stock options | $ 10 | 18,698 | 18,708 | $ 18,708 | ||||
Acquisition of noncontrolling interests | 262 | 262 | (47,920) | (47,658) | ||||
Amortization of equity awards | 14,032 | 14,032 | 14,032 | |||||
Balance at the end of the year at Dec. 31, 2015 | (572,335) | 5,588 | $ 32 | $ 4,134 | 5,608,881 | 5,046,300 | 135,651 | 5,181,951 |
Balance (in shares) at Dec. 31, 2015 | 32,000 | 413,431,000 | ||||||
Other comprehensive income, net of tax: | ||||||||
Noncontrolling Interest, Increase from Subsidiary Equity Issuance | 66,163 | 66,163 | ||||||
Sale of interests in investments, net of tax of $16.0 million | 23,993 | 23,993 | 23,993 | |||||
Redemption of preferred stock | $ (70) | (174,930) | (175,000) | (175,000) | ||||
Redemption of preferred stock (in shares) | (70,000) | |||||||
Noncontrolling Interest, Increase from Subsidiary Equity Issuance | 16,667 | 16,667 | ||||||
Net income | 378,850 | 378,850 | 7,288 | 386,138 | ||||
Change in unrealized gain on marketable securities | 8 | 8 | 8 | |||||
Change in unrealized loss on interest rate swaps | 451 | 451 | 451 | |||||
Change in foreign currency translation adjustment | (281) | (281) | (281) | |||||
Redeemable noncontrolling interests income | (4,349) | (4,349) | ||||||
Dividends | (483,382) | (483,382) | (483,382) | |||||
Distributions to noncontrolling interests | (8,522) | (8,522) | ||||||
Issuance of common stock (in shares) | 10,711,000 | |||||||
Issuance of common stock | $ 107 | 286,314 | 286,421 | 286,421 | ||||
Surrender of restricted stock (in shares) | (276,000) | |||||||
Surrender of common stock | $ (3) | (7,005) | (7,008) | $ (7,008) | ||||
Exercise of common stock options (in shares) | 1,168,000 | 1,167,819 | ||||||
Exercise of common stock options | $ 12 | 21,048 | 21,060 | $ 21,060 | ||||
Amortization of equity awards | 13,720 | 13,720 | 13,720 | |||||
Balance at the end of the year at Dec. 31, 2016 | (676,867) | 5,766 | $ 32 | $ 4,250 | 5,922,958 | 5,256,139 | 146,735 | 5,402,874 |
Balance (in shares) at Dec. 31, 2016 | 32,000 | 425,034,000 | ||||||
Other comprehensive income, net of tax: | ||||||||
Noncontrolling Interest, Increase from Subsidiary Equity Issuance | $ 16,667 | $ 16,667 |
Consolidated Statements of Cha7
Consolidated Statements of Changes in Equity (Parentheticals) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Series H Preferred Stock [Member] | |||
Dividends Per Depositary Share (in dollars per share) | $ 1.485 | $ 1.725 | |
Series I Preferred Stock [Member] | |||
Dividends Per Depositary Share (in dollars per share) | $ 1.50 | 1.50 | 1.50 |
Series J Preferred Stock [Member] | |||
Dividends Per Depositary Share (in dollars per share) | 1.375 | 1.375 | 1.375 |
Series K Preferred Stock [Member] | |||
Dividends Per Depositary Share (in dollars per share) | 1.40625 | $ 1.40625 | 1.40625 |
Additional Paid-in Capital [Member] | |||
Sale of interests in investments, tax | $ 16 | ||
Dividends Per Common Share (in dollars per share) | $ 1.035 | $ 0.975 | $ 0.915 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Cash flow from operating activities: | |||
Net income | $ 386,138 | $ 900,143 | $ 435,880 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation and amortization | 355,320 | 344,527 | 273,093 |
Impairment charges | 93,266 | 45,464 | 217,858 |
Deferred taxes | 55,068 | 4,498 | 15,128 |
Early extinguishment of debt charges | 45,674 | ||
Equity award expense | 19,071 | 18,465 | 17,879 |
Gain on sale of operating properties | (92,823) | (132,907) | (203,889) |
Gain on sale of marketable securities | (39,852) | ||
Gain on change in control of interests, net | (57,386) | (149,234) | (107,235) |
Equity in income of joint ventures, net | (218,714) | (480,395) | (159,560) |
Equity in income from other real estate investments, net | (27,773) | (36,090) | (38,042) |
Distributions from joint ventures and other real estate investments | 90,589 | 126,263 | 255,532 |
Change in accounts and notes receivable | (6,571) | (2,867) | (8,060) |
Change in accounts payable and accrued expenses | (7,886) | 164 | (1,095) |
Change in Canadian withholding tax receivable | 23,571 | (37,040) | |
Change in other operating assets and liabilities | (65,448) | (67,438) | (68,146) |
Net cash flow provided by operating activities | 592,096 | 493,701 | 629,343 |
Cash flow from investing activities: | |||
Acquisition of operating real estate and other related net assets | (203,190) | (661,423) | (384,828) |
Improvements to operating real estate | (143,489) | (166,670) | (131,795) |
Acquisition of real estate under development | (51,588) | (16,355) | (65,724) |
Improvements to real estate under development | (72,759) | (16,861) | (418) |
Investment in marketable securities | (2,466) | (257) | (11,445) |
Proceeds from sale/repayments of marketable securities | 1,937 | 76,170 | 3,780 |
Investments and advances to real estate joint ventures | (86,453) | (91,609) | (93,845) |
Reimbursements of investments and advances to real estate joint ventures | 71,656 | 94,053 | 222,590 |
Distributions from liquidation of real estate joint ventures | 138,475 | 373,833 | |
Return of investment from liquidation of real estate joint ventures | 191,902 | 88,672 | |
Investment in other real estate investments | (233) | (641) | (4,338) |
Reimbursements of investments and advances to other real estate investments | 11,019 | 40,556 | 16,312 |
Investment in mortgage loans receivable | (50,000) | ||
Collection of mortgage loans receivable | 921 | 55,145 | 8,302 |
Investment in other investments | (190,278) | ||
Reimbursements of other investments | 500 | ||
Proceeds from sale of operating properties | 304,600 | 437,030 | 612,748 |
Proceeds from sale of development properties | 4,551 | 5,366 | |
Net cash flow provided by investing activities | 165,383 | 21,365 | 126,705 |
Cash flow from financing activities: | |||
Principal payments on debt, excluding normal amortization | (700,853) | (555,627) | (327,963) |
Principal payments on rental property debt | (19,039) | (28,632) | (22,841) |
Proceeds from mortgage loan financings | 15,700 | ||
Proceeds/(repayments) under the unsecured revolving credit facility, net | 26,445 | (100,000) | (94,354) |
Proceeds from issuance of unsecured term loan/notes | 1,400,000 | 1,500,030 | 500,000 |
Repayments under unsecured term loan/notes | (1,261,850) | (750,000) | (370,842) |
Financing origination costs | (25,679) | (19,017) | (11,911) |
Payment of early extinguishment of debt charges | (45,674) | 0 | 0 |
Change in tenants' security deposits | 1,367 | 2,116 | |
Contributions from noncontrolling interests | 106,154 | 1,917 | |
Conversion/distribution of noncontrolling interests | (12,594) | (55,753) | (3,201) |
Dividends paid | (474,045) | (455,833) | (427,873) |
Proceeds from issuance of stock | 307,395 | 18,708 | 23,874 |
Redemption of preferred stock | (175,000) | ||
Net cash flow used for financing activities | (804,527) | (512,854) | (717,494) |
Change in cash and cash equivalents | (47,048) | 2,212 | 38,554 |
Cash and cash equivalents, beginning of year | 189,534 | 187,322 | 148,768 |
Cash and cash equivalents, end of year | 142,486 | 189,534 | 187,322 |
Interest paid during the year including payment of early extinguishment of debt charges of $45,674, $0 and $0, respectively (net of capitalized interest of $9,247, $5,618 and $2,383, respectively) | 252,482 | 232,950 | 207,632 |
Income taxes paid during the year (net of refunds received of $113,934, $0 and $0, respectively) | $ 6,090 | $ 100,366 | $ 23,292 |
Consolidated Statements of Cas9
Consolidated Statements of Cash Flows (Parentheticals) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Debt charges, early extinguishment | $ 45,674 | $ 0 | $ 0 |
Cash paid for capitalized interest | 9,247 | 5,618 | 2,383 |
Refunds received | $ 113,934 | $ 0 | $ 0 |
Note 1 - Summary of Significant
Note 1 - Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | 1. Summary of Significant Accounting Policies: Business Kimco Realty Corporation and subsidiaries (the "Company" or "Kimco"), affiliates and related real estate joint ventures are engaged principally in the ownership, management, development and operation of open-air shopping centers, which are anchored generally by discount department stores, grocery stores or drugstores. Additionally, the Company provides complementary services that capitalize on the Company’s established retail real estate expertise. The Company evaluates performance on a property specific or transactional basis and does not distinguish its principal business or group its operations on a geographical basis for purposes of measuring performance. Accordingly, the Company believes it has a single reportable segment for disclosure purposes in accordance with accounting principles generally accepted in the United States of America ("GAAP"). The Company elected status as a Real Estate Investment Trust (“REIT”) for federal income tax purposes beginning in its taxable year January 1, 1992 1999 January 1, 2001, may Effective August 1, 2016, 22 Principles of Consolidation and Estimates The accompanying Consolidated Financial Statements include the accounts of the Company. The Company’s subsidiaries include subsidiaries which are wholly-owned and all entities in which the Company has a controlling interest, including where the Company has been determined to be a primary beneficiary of a variable interest entity (“VIE”) in accordance with the Consolidation guidance of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”). All inter-company balances and transactions have been eliminated in consolidation. GAAP requires the Company's management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities and the reported amounts of revenues and expenses during a reporting period. The most significant assumptions and estimates relate to the valuation of real estate and related intangible assets and liabilities, equity method investments, other investments, including the assessment of impairments, as well as, depreciable lives, revenue recognition, the collectability of trade accounts receivable, realizability of deferred tax assets and the assessment of uncertain tax positions. Application of these assumptions requires the exercise of judgment as to future uncertainties, and, as a result, actual results could differ from these estimates. Subsequent Events The Company has evaluated subsequent events and transactions for potential recognition or disclosure in its consolidated financial statements (see Footnote 13 Real Estate Real estate assets are stated at cost, less accumulated depreciation and amortization. Upon acquisition of real estate operating properties, the Company estimates the fair value of acquired tangible assets (consisting of land, building, building improvements and tenant tenant one 2017 01, 805): December 31, 2017, In allocating the purchase price to identified intangible assets and liabilities of an acquired property, the value of above-market and below-market leases is estimated based on the present value of the difference between the contractual amounts, including fixed rate below-market lease renewal options, to be paid pursuant to the leases and management’s estimate of the market lease rates and other lease provisions (i.e., expense recapture, base rental changes, etc.) measured over a period equal to the estimated remaining term of the lease. The capitalized above-market or below-market intangible is amortized to rental income over the estimated remaining term of the respective leases, which includes the expected renewal option period for below-market leases. Mortgage debt discounts or premiums are amortized into interest expense over the remaining term of the related debt instrument. In determining the value of in-place leases, management considers current market conditions and costs to execute similar leases in arriving at an estimate of the carrying costs during the expected lease-up period from vacant to existing occupancy. In estimating carrying costs, management includes real estate taxes, insurance, other operating expenses, estimates of lost rental revenue during the expected lease-up periods and costs to execute similar leases including leasing commissions, legal and other related costs based on current market demand. The value assigned to in-place leases and tenant Depreciation and amortization are provided on the straight-line method over the estimated useful lives of the assets, as follows: Buildings and building improvements (in years) 15 to 50 Fixtures, leasehold and tenant (including certain identified intangible assets) Terms of leases or useful lives, whichever is shorter The Company periodically assesses the useful lives of its depreciable real estate assets, including those expected to be redeveloped in future periods, and accounts for any revisions prospectively. Expenditures for maintenance, repairs and demolition costs are charged to operations as incurred. Significant renovations and replacements, which improve or extend the life of the asset, are capitalized. The useful lives of amortizable intangible assets are evaluated each reporting period with any changes in estimated useful lives being accounted for over the revised remaining useful life. When a real estate asset is identified by management as held-for-sale, the Company ceases depreciation of the asset and estimates the fair value. If the fair value of the asset is less than the net book value of the asset, an adjustment to the carrying value would be recorded to reflect the estimated fair value of the property, less estimated costs of sale and the asset is classified as other assets. On a continuous basis, management assesses whether there are any indicators, including property operating performance, changes in anticipated holding period and general market conditions, that the value of the real estate properties (including any related amortizable intangible assets or liabilities) may Real Estate Under Development Real estate under development represents the development of open-air shopping center projects which the Company plans to hold as long-term investments. These properties are carried at cost. The cost of land and buildings under development includes specifically identifiable costs. The capitalized costs include pre-construction costs essential to the development of the property, development costs, construction costs, interest costs, real estate taxes, salaries and related costs of personnel directly involved and other costs incurred during the period of development. The Company ceases cost capitalization when the property is held available for occupancy and placed into service. This usually occurs upon substantial completion of all costs necessary to bring the property to the condition needed for its intended use, but no later than one may Investments in Unconsolidated Joint Ventures The Company accounts for its investments in unconsolidated joint ventures under the equity method of accounting as the Company exercises significant influence, but does not control these entities. These investments are recorded initially at cost and subsequently adjusted for cash contributions, distributions and our share of earnings and losses. Earnings or losses for each investment are recognized in accordance with each respective investment agreement and where applicable, based upon an allocation of the investment’s net assets at book value as if the investment was hypothetically liquidated at the end of each reporting period. The Company’s joint ventures and other real estate investments primarily consist of co-investments with institutional and other joint venture partners in open-air shopping center properties, consistent with its core business. These joint ventures typically obtain non-recourse third may December 31, 2016, To recognize the character of distributions from equity investees within its consolidated statements of cash flows, all distributions received are presumed to be returns on investment and classified as cash inflows from operating activities unless the Company’s cumulative distributions received less distributions received in prior periods that were determined to be returns of investment exceed its cumulative equity in earnings recognized by the investor (as adjusted for amortization of basis differences). When such an excess occurs, the current-period distribution up to this excess is considered a return of investment and classified as cash inflows from investing. On a continuous basis, management assesses whether there are any indicators, including the underlying investment property operating performance and general market conditions, that the value of the Company’s investments in unconsolidated joint ventures may The Company’s estimated fair values are based upon a discounted cash flow model for each joint venture that includes all estimated cash inflows and outflows over a specified holding period. Capitalization rates, discount rates and credit spreads utilized in these models are based upon rates that the Company believes to be within a reasonable range of current market rates. Other Real Estate Investments Other real estate investments primarily consist of preferred equity investments for which the Company provides capital to owners and developers of real estate. The Company typically accounts for its preferred equity investments on the equity method of accounting, whereby earnings for each investment are recognized in accordance with each respective investment agreement and based upon an allocation of the investment’s net assets at book value as if the investment was hypothetically liquidated at the end of each reporting period. On a continuous basis, management assesses whether there are any indicators, including the underlying investment property operating performance and general market conditions, that the value of the Company’s Other real estate investments may The Company’s estimated fair values are based upon a discounted cash flow model for each investment that includes all estimated cash inflows and outflows over a specified holding period and, where applicable, any estimated debt premiums. Capitalization rates, discount rates and credit spreads utilized in these models are based upon rates that the Company believes to be within a reasonable range of current market rates. Mortgages and Other Financing Receivables Mortgages and other financing receivables consist of loans acquired and loans originated by the Company. Borrowers of these loans are primarily experienced owners, operators or developers of commercial real estate. The Company’s loans are primarily mortgage loans that are collateralized by real estate. Mortgages and other financing receivables are recorded at stated principal amounts, net of any discount or premium or deferred loan origination costs or fees. The related discounts or premiums on mortgages and other loans purchased are amortized or accreted over the life of the related loan receivable. The Company defers certain loan origination and commitment fees, net of certain origination costs and amortizes them as an adjustment of the loan’s yield over the term of the related loan. On a quarterly basis, the Company reviews credit quality indicators such as (i) payment status to identify performing versus non-performing loans, (ii) changes affecting the underlying real estate collateral and (iii) national and regional economic factors. Interest income on performing loans is accrued as earned. A non-performing loan is placed on non-accrual status when it is probable that the borrower may 90 The Company has determined that it has one The Company considers a loan to be impaired when, based upon current information and events, it is probable that the Company will be unable to collect all amounts due under the existing contractual terms. A reserve allowance is established for an impaired loan when the estimated fair value of the underlying collateral (for collateralized loans) or the present value of expected future cash flows is lower than the carrying value of the loan. An internal valuation is performed generally using the income approach to estimate the fair value of the collateral at the time a loan is determined to be impaired. The model is updated if circumstances indicate a significant change in value has occurred. The Company does not provide for an additional allowance for loan losses based on the grouping of loans as the Company believes the characteristics of the loans are not sufficiently similar to allow an evaluation of these loans as a group for a possible loan loss allowance. As such, all of the Company’s loans are evaluated individually for impairment purposes. Cash and Cash Equivalents Cash and cash equivalents include demand deposits in banks, commercial paper and certificates of deposit with original maturities of three may, Marketable Securities The Company classifies its marketable equity securities as available-for-sale in accordance with the FASB’s Investments-Debt and Equity Securities guidance. These securities are carried at fair market value with unrealized gains and losses reported in stockholders’ equity as a component of Accumulated other comprehensive income ("AOCI"). Gains or losses on securities sold are based on the specific identification method and are recognized in Interest, dividends and other investment income on the Company’s Consolidated Statements of Income. All debt securities are generally classified as held-to-maturity because the Company has the positive intent and ability to hold the securities to maturity. It is more likely than not that the Company will not be required to sell the debt security before its anticipated recovery and the Company expects to recover the security’s entire amortized cost basis even if the entity does not intend to sell. Held-to-maturity securities are stated at amortized cost, adjusted for amortization of premiums and accretion of discounts to maturity. Debt securities which contain conversion features generally are classified as available-for-sale. On a continuous basis, management assesses whether there are any indicators that the value of the Company’s marketable securities may Deferred Leasing Costs Costs incurred in obtaining tenant Software Development Costs Expenditures for major software purchases and software developed for internal use are capitalized and amortized on a straight-line basis generally over a three five December 31, 2016 2015, $10.2 $16.1 $8.0 $10.7 $9.2 December 31, 2016, 2015 2014, Deferred Financing Costs Costs incurred in obtaining long-term financing, included in Notes Payable and Mortgages Payable in the accompanying Consolidated Balance Sheets, are amortized on a straight-line basis, which approximates the effective interest method, over the terms of the related debt agreements, as applicable. Revenue , Gain Recognition and Accounts Receivable Base rental revenues from rental properties are recognized on a straight-line basis over the terms of the related leases. Certain of these leases also provide for percentage rents based upon the level of sales achieved by the lessee. These percentage rents are recognized once the required sales level is achieved. Rental income may Management and other fee income consists of property management fees, leasing fees, property acquisition and disposition fees, development fees and asset management fees. These fees arise from contractual agreements with third Gains and losses from the sale of depreciated operating property and real estate under development projects are recognized using the full accrual method in accordance with the FASB’s real estate sales guidance, provided that various criteria relating to the terms of sale and subsequent involvement by the Company with the properties are met. Gains and losses on transfers of operating properties result from the sale of a partial interest in properties to unconsolidated joint ventures and are recognized using the partial sale provisions of the FASB’s real estate sales guidance. The Company makes estimates of the uncollectable accounts receivables related to base rents, straight-line rent, expense reimbursements and other revenues. The Company analyzes accounts receivable and historical bad debt levels, customer credit worthiness and current economic trends when evaluating the adequacy of the allowance for doubtful accounts. In addition, tenants Accounts and notes receivable in the accompanying Consolidated Balance Sheets are net of estimated unrecoverable amounts of $12.3 $13.9 December 31, 2016 2015, $11.9 $17.9 December 31, 2016 2015, Income Taxes The Company has made an election to qualify, and believes it is operating so as to qualify, as a REIT for federal income tax purposes. Accordingly, the Company generally will not be subject to federal income tax, provided that distributions to its stockholders equal at least the amount of its REIT taxable income as defined under Section 856 860 In connection with the RMA, which became effective January 1, 2001, Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry-forwards. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. The Company provides a valuation allowance for deferred tax assets for which it does not consider realization of such assets to be more likely than not. The Company reviews the need to establish a valuation allowance against deferred tax assets on a quarterly basis. The review includes an analysis of various factors, such as future reversals of existing taxable temporary differences, the capacity for the carryback or carryforward of any losses, the expected occurrence of future income or loss and available tax planning strategies. The Company applies the FASB’s guidance relating to uncertainty in income taxes recognized in a Company’s financial statements. Under this guidance the Company may fifty Foreign Currency Translation and Transactions Assets and liabilities of the Company’s foreign operations are translated using year-end exchange rates, and revenues and expenses are translated using exchange rates as determined throughout the year. Gains or losses resulting from translation are included in AOCI, as a separate component of the Company’s stockholders’ equity. Gains or losses resulting from foreign currency transactions are translated to local currency at the rates of exchange prevailing at the dates of the transactions. The effect of the transaction’s gain or loss is included in the caption Other income/(expense), net in the Consolidated Statements of Income. The Company is required to release cumulative translation adjustment (“CTA”) balances into earnings when the Company has substantially liquidated its investment in a foreign entity. Derivative/Financial Instruments The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risk through management of its core business activities. The Company manages economic risks, including interest rate, liquidity, and credit risk primarily by managing the amount, sources, and duration of its debt funding and the use of derivative financial instruments. Specifically, the Company may The Company measures its derivative instruments at fair value and records them in the Consolidated Balance Sheet as an asset or liability, depending on the Company’s rights or obligations under the applicable derivative contract. The accounting for changes in the fair value of the derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Derivatives may may The effective portion of the changes in fair value of derivatives designated and that qualify as cash flow hedges is recorded in AOCI and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. Any ineffective portion of the change in fair value of the derivatives is recognized directly in earnings. During 2016, 2015 2014, Noncontrolling Interests The Company accounts for noncontrolling interests in accordance with the Consolidation guidance and the Distinguishing Liabilities from Equity guidance issued by the FASB. Noncontrolling interests represent the portion of equity that the Company does not own in those entities it consolidates. The Company identifies its noncontrolling interests separately within the equity section on the Company’s Consolidated Balance Sheets. The amounts of consolidated net earnings attributable to the Company and to the noncontrolling interests are presented separately on the Company’s Consolidated Statements of Income. Noncontrolling interests also includes amounts related to partnership units issued by consolidated subsidiaries of the Company in connection with certain property acquisitions. These units have a stated redemption value or a defined redemption amount based upon the trading price of the Company’s common stock and provides the unit holders various rates of return during the holding period. The unit holders generally have the right to redeem their units for cash at any time after one The Company evaluates the terms of the partnership units issued in accordance with the FASB’s Distinguishing Liabilities from Equity guidance. Units which embody an unconditional obligation requiring the Company to redeem the units for cash after a specified or determinable date (or dates) or upon the occurrence of an event that is not solely within the control of the issuer are determined to be contingently redeemable under this guidance and are included as Redeemable noncontrolling interest and classified within the mezzanine section between Total liabilities and Stockholders’ equity on the Company’s Consolidated Balance Sheets. Convertible units for which the Company has the option to settle redemption amounts in cash or Common Stock are included in the caption Noncontrolling interest within the equity section on the Company’s Consolidated Balance Sheets. Earnings Per Share The following table sets forth the reconciliation of earnings and the weighted-average number of shares used in the calculation of basic and diluted earnings per share (amounts presented in thousands, except per share data): For the year ended December 31, 201 6 201 5 201 4 Computation of Basic Earnings Per Share: Income from continuing operations $ 299,353 $ 774,405 $ 384,506 Gain on sale of operating properties, net, net of tax 86,785 125,813 389 Net income attributable to noncontrolling interests (7,288 ) (6,028 ) (11,879 ) Discontinued operations attributable to noncontrolling interests - - 2,117 Preferred stock redemption charges - (5,816 ) - Preferred stock dividends (46,220 ) (57,084 ) (58,294 ) Income from continuing operations available to the common Shareholders 332,630 831,290 316,839 Earnings attributable to participating securities (2,018 ) (4,134 ) (1,749 ) Income from continuing operations available to common Shareholders 330,612 827,156 315,090 (Loss)/income from discontinued operations attributable to the Company - (75 ) 48,868 Net income available to the Company’s common shareholders for basic earnings per share $ 330,612 $ 827,081 $ 363,958 Weighted average common shares outstanding – basic 418,402 411,319 409,088 Basic Earnings Per Share Available to the Company’s Common Shareholders: Income from continuing operations $ 0.79 $ 2.01 $ 0.77 Income from discontinued operations - - 0.12 Net income $ 0.79 $ 2.01 $ 0.89 Computation of Diluted Earnings Per Share: Income from continuing operations available to common shareholders $ 330,612 $ 827,156 $ 315,090 (Loss)/income from discontinued operations attributable to the Company - (75 ) 48,868 Distributions on convertible units - 192 529 Net income available to the Company’s common shareholders for diluted earnings per share $ 330,612 $ 827,273 $ 364,487 Weighted average common shares outstanding – basic 418,402 411,319 409,088 Effect of dilutive securities (a): Equity awards 1,307 1,414 1,227 Assumed conversion of convertible units - 118 723 Shares for diluted earnings per common share 419,709 412,851 411,038 Diluted Earnings Per Share Available to the Company’s Common Shareholders: Income from continuing operations $ 0.79 $ 2.00 $ 0.77 Income from discontinued operations - - 0.12 Net income $ 0.79 $ 2.00 $ 0.89 (a) The effect of the assumed conversion of certain convertible units had an anti-dilutive effect upon the calculation of Income from continuing operations per share. Accordingly, the impact of such conversions has not been included in the determination of diluted earnings per share calculations. Additionally, there were 3,490,400, 5,300,680 7,137,120 December 31, 2016, 2015 2014, The Company's unvested restricted share awards contain non-forfeitable rights to distributions or distribution equivalents. The impact of the unvested restricted share awards on earnings per share has been calculated using the two Stock Compensation The Company maintains two 1998 2010 “2010 47,000,000 May 1, 2012, 2010 10,000,000 three five ten 100% fourth fifth three, four five ten 20% fifth one three may The Company accounts for equity awards in accordance with the FASB’s Stock Compensation guidance which requires that all share based payments to employees, be recognized in the Statement of Income over the service period based on their fair values. Fair value is determined, depending on the type of award, using either the Black-Scholes option pricing formula or the Monte Carlo method, both of which are intended to estimate the fair value of the awards at the grant date (see Footnote 21 In January 2017, 2017 01, 805): 2017 01”). December 15, 2017, 2017 01 December 31, 2017, 360, 805 In August 2016, 2016 15, 230): 2016 15”). eight January 1, 2018, 2016 15 September 30, 2016. 2016 15, September 30, 2016, 2016 15 2016 15 In June 2016, 2016 13, 326): 2016 13”). 2016 13 December 15, 2019, 2016 13 In March 2016, 2016 09, 718): 2016 09"). December 15, 2016, 2016 09 In February 2016, 2016 02, 842) 2016 02”), 12 12 2016 02 840). January 1, 2019, 2016 02 2016 02 2016 02. In February 2015, 2015 02, 810): 2015 02”). 2015 02 (1) (2) (3) 2015 02 2015 02 December 15, 2015. 2015 02 In August 2014, 2014 15, 205 40): 2014 15”), one 2014 15 December 15, 2016 2014 15 In May 2014, 2014 09, 606) 2014 09"). 2014 09 2014 09, may 2014 09 first December 15, 2016, August 2015, 2015 14, 606): 2015 14”), 2014 09 one first December 15, 2017. March 2016, 2016 08, 606): April 2016, 2016 10, 606): May 2016, 2016 12, 606): 2014 09 2014 09 tenants 2014 09 |
Note 2 - Real Estate
Note 2 - Real Estate | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Real Estate Disclosure [Text Block] | 2. Real Estate: The Company’s components of Rental property consist of the following (in thousands): December 31, 201 6 201 5 Land $ 2,786,255 $ 2,660,722 Undeveloped land 58,931 67,535 Buildings and improvements: Buildings 5,790,681 5,643,629 Building improvements 1,562,439 1,559,652 Tenant improvements 733,993 727,036 Fixtures and leasehold improvements 47,199 47,055 Above-market leases 150,207 155,451 In-place leases and tenant relationships 543,342 528,539 11,673,047 11,389,619 Accumulated depreciation and amortization (1) (2,278,292 ) (2,115,320 ) Total $ 9,394,755 $ 9,274,299 (1) At December 31, 2016 2015, tenant $409,062 $357,581, In addition, at December 31, 2016 2015, $292.6 $291.7 $193.9 $193.7 The Company’s amortization associated with above-market and below-market leases for the years ended December 31, 2016, 2015 2014, $21.4 $18.5 $13.5 tenant December 31, 2016, 2015 2014 $66.6 $68.3 $41.2 The estimated net amortization income/(expense) associated with the Company’s above-market and below-market leases, tenant five 2017 2018 2019 2020 202 1 Above-market and below-market leases amortization, net $ 10.7 $ 10.8 $ 11.3 $ 11.5 $ 11.5 In-place leases and tenant relationships amortization $ (46.5 ) $ (34.1 ) $ (26.3 ) $ (19.3 ) $ (15.4 ) |
Note 3 - Property Acquisitions,
Note 3 - Property Acquisitions, Developments and Other Investments | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Business Combination Disclosure [Text Block] | 3. Property Acquisitions, Developments and Other Investments: Acquisition of Operating Properties During the year ended December 31, 2016, Purchase Price Property Name Location Month Acquired Cash* Debt Assumed Other** Total GLA*** Jericho Atrium Jericho, NY Apr-16 $ 29,750 $ - $ - $ 29,750 147 Oakwood Plaza Hollywood, FL (1) Apr-16 53,412 100,000 61,588 215,000 899 Webster Square North Nashua, NH Jul-16 8,200 - - 8,200 21 Gateway Plaza Mill Creek, WA (1) Jul-16 493 17,500 - 17,993 97 Kentlands Market Square Gaithersburg, MD Aug-16 61,826 33,174 - 95,000 221 GEPT Portfolio (4 properties) Various (1) Sep-16 79,974 76,989 10,882 167,845 681 Coulter Avenue (2 parcels) Ardmore, PA Various 6,750 - - 6,750 20 KimPru Portfolio (2 properties) Various (1) Oct-16 15,505 35,700 3,218 54,423 234 Hamden Mart Hamden, CT (1) Nov-16 - 21,369 29,294 50,663 345 $ 255,910 $ 284,732 $ 104,982 $ 645,624 2,665 * The Company utilized $66.0 §1031 ** Includes the Company’s previously held equity interest investment. *** Gross leasable area ("GLA") (1) The Company acquired from its partners their ownership interest in properties that were held in joint ventures in which the Company had noncontrolling interests. The Company evaluated these transactions pursuant to the FASB’s Consolidation guidance and as a result, recognized gains on change in control of interests resulting from the fair value adjustments associated with the Company’s previously held equity interests, which are included in the purchase price above in Other. The Company’s previous ownership interests and gains on change in control of interests recognized as a result of these transactions are as follows (in millions): Property Name Previous Ownership Interest Gain on change in control of interests, net Oakwood Plaza 55.0 % $ 46.5 Gateway Plaza 15.0 % - GEPT Portfolio (4 properties) 15.0 % 6.6 KimPru Portfolio (2 properties) 15.0 % 0.8 Hamden Mart 47.95 % 3.5 $ 57.4 During the year ended December 31, 2015, Purchase Price Property Name Location Month Acquired Cash* Debt Assumed Other ** Total GLA** * Elmont Plaza Elmont, NY (1) Jan-15 $ 2,400 $ - $ 3,358 $ 5,758 13 Garden State Pavilion Parcel Cherry Hill, NJ Jan-15 16,300 - - 16,300 111 Kimstone Portfolio (39 properties) Various (1) Feb-15 513,513 637,976 236,011 1,387,500 5,631 Copperfield Village Houston, TX Feb-15 18,700 20,800 - 39,500 165 Snowden Square Parcel Columbia, MD Mar-15 4,868 - - 4,868 25 Dulles Town Crossing Parcel Sterling, VA Mar-15 4,830 - - 4,830 9 Flagler Park S.C. Miami, FL Mar-15 1,875 - - 1,875 5 West Farms Parcel New Britain, CT Apr-15 6,200 - - 6,200 24 Milleridge Inn Jericho, NY Apr-15 7,500 - - 7,500 - Woodgrove Festival (2 Parcels) Woodridge, IL Jun-15 5,611 - - 5,611 12 Montgomery Plaza Fort Worth, TX (1) Jul-15 34,522 29,311 9,044 72,877 291 125 Coulter Avenue Parcel Ardmore, PA Sep-15 1,925 - - 1,925 6 Conroe Marketplace Conroe, TX (1) Oct-15 18,546 42,350 3,104 64,000 289 Laurel Plaza Laurel, MD Oct-15 1,200 - - 1,200 4 District Heights District Heights, MD (1) Nov-15 13,140 13,255 950 27,345 91 Village on the Park Aurora, CO Nov-15 824 - - 824 10 Christown Mall Phoenix, AZ Nov-15 51,351 63,899 - 115,250 833 Washington St. Plaza Parcels Brighton, MA Dec-15 8,750 - - 8,750 - $ 712,055 $ 807,591 $ 252,467 $ 1,772,113 7,519 * The Company utilized $89.5 §1031 ** Includes the Company’s previously held equity interest investment. *** Gross leasable area ("GLA") (1) The Company acquired from its partners their ownership interest in properties that were held in joint ventures in which the Company had noncontrolling interests. The Company evaluated these transactions pursuant to the FASB’s Consolidation guidance and as a result, recognized gains on change in control of interests resulting from the fair value adjustments associated with the Company’s previously held equity interests, which are included in the purchase price above in Other. The Company’s previous ownership interests and gains on change in control of interests recognized as a result of these transactions are as follows (in millions): Property Name Previous Ownership Interest Gain on change in control of interests, net Elmont Plaza 50.0 % $ (0.2 ) Kimstone Portfolio (39 properties) 33.3 % 140.0 Montgomery Plaza 20.0 % 6.3 Conroe Marketplace 15.0 % 2.4 District Heights 15.0 % 0.7 $ 149.2 Included in the Company’s Consolidated Statements of Income are $23.8 $112.2 $75.3 December 31, 2016, 2015 2014, Purchase Price Allocations The purchase price for acquisitions is preliminarily allocated to real estate and related intangible assets acquired and liabilities assumed, as applicable, in accordance with our accounting policies for business combinations. The purchase price allocations and related accounting is finalized upon completion of the Company’s valuation studies. Accordingly, the fair values allocated to these assets and liabilities are subject to revision. The Company records allocation adjustments, where applicable, when purchase price allocations are finalized. The preliminary allocations, allocation adjustments and revised allocations for properties acquired during the year ended December 31, 2016, Preliminary Allocation Allocation Adjustments Revised Allocation as of December 31, 2016 Weighted-Average Amortization Period (in Years) Land $ 179,150 $ (13,352 ) $ 165,798 - Buildings 309,493 69,581 379,074 50.0 Above-market leases 11,982 (4,304 ) 7,678 8.1 Below-market leases (31,903 ) (4,327 ) (36,230 ) 19.1 In-place leases 44,094 (4,162 ) 39,932 6.4 Building improvements 124,105 (40,194 ) 83,911 45.0 Tenant improvements 12,788 (2,548 ) 10,240 7.1 Mortgage fair value adjustment (4,292 ) (694 ) (4,986 ) 4.1 Other assets 234 - 234 - Other liabilities (27 ) - (27 ) - Net assets acquired $ 645,624 $ - $ 645,624 The allocation adjustments and revised allocations for properties acquired during the year ended December 31, 2015, Allocation as of December 31, 2015 Allocation Adjustments Revised Allocation as of December 31, 2016 Weighted-Average Amortization Period (in Years) Land $ 444,626 $ 33,918 $ 478,544 - Buildings 1,063,124 (7,980 ) 1,055,144 50.0 Above-market leases 34,182 (2,133 ) 32,049 7.2 Below-market leases (74,997 ) (6,306 ) (81,303 ) 17.7 In-place leases 125,993 1,425 127,418 4.7 Building improvements 169,116 (20,724 ) 148,392 45.0 Tenant improvements 34,814 1,800 36,614 6.1 Mortgage fair value adjustment (27,615 ) - (27,615 ) 3.0 Other assets 3,058 - 3,058 - Other liabilities (188 ) - (188 ) - Net assets acquired $ 1,772,113 $ - $ 1,772,113 Other Investments During the year ended December 31, 2015, 50.0% $23.0 January 2016, January 2016, $11.5 December 31, 2015. $8.4 $14.6 During the year ended December 31, 2015, three $30.0 Pro Forma Financial Information (Unaudited) As discussed above, the Company and certain of its subsidiaries acquired interests in certain operating properties during 2016 2015. December 31, 2016 2015, December 31, 2016 2015, 2014 2013. may Year ended December 31, 201 6 201 5 201 4 Revenues from rental properties $ 1,174.9 $ 1,198.6 $ 1,097.8 Net income $ 397.7 $ 921.6 $ 521.9 Net income available to the Company $ 344.2 $ 852.6 $ 451.7 Net income available to the Company per common share: Basic $ 0.82 $ 2.07 $ 1.10 Diluted $ 0.82 $ 2.07 $ 1.10 |
Note 4 - Real Estate Under Deve
Note 4 - Real Estate Under Development | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Real Estate Under Development [Text Block] | 4. Real Estate Under Development : The Company is engaged in various real estate under development projects, which will be held as long-term investments by the Company. As of December 31, 2016, six 2.2 $514.0 The costs incurred to date for these real estate under development projects are as follows (in thousands): December 31, Property Name Location 2016 2015 Grand Parkway Marketplace Spring, TX $ 94,841 $ 42,032 Dania Pointe (1) Dania Beach, FL 107,113 - Promenade at Christiana New Castle, DE 25,521 16,063 Owings Mills Owings Mills, MD 25,119 8,640 Avenues Walk Jacksonville, FL 73,048 77,544 Staten Island Plaza (2) Staten Island, NY 9,386 - Shoppes at Wynnewood (3) Lower Merion, PA - 34,911 $ 335,028 $ 179,190 (1) During the year ended December 31, 2016, 55.0% $84.2 (2) Land held for future development. (3) During the year ended December 31, 2016, $38.0 During 2016 2015, three two two $13.8 $20.7 |
Note 5 - Dispositions of Real E
Note 5 - Dispositions of Real Estate and Assets Held-for-sale | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Mergers, Acquisitions and Dispositions Disclosures [Text Block] | 5. Dispositions of Real Estate and Assets Held - for - Sale Operating Real Estate During 2016, 30 two $378.7 $86.8 $37.2 $10.0 During 2015, 89 eight $492.5 $143.6 $10.2 $2.3 Additionally, during 2015, $51.3 $19.6 $1.8 During 2014, 90 $833.5 27 $203.3 $178.0 $92.9 $52.7 three 250 7% 2015. Land Sales During 2016, 2015 2014, six, 13 three $3.9 $31.5 $5.1 $1.9 $4.3 $3.5 December 31, 2016, 2015 2014, Held-for-Sale At December 31, 2016, two 121.9 $9.2 51.1 $3.5 third one 25.8 $1.3 |
Note 6 - Discontinued Operation
Note 6 - Discontinued Operations | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] | 6. Discontinued Operations: The components of Income from discontinued operations for the years ended December 31, 2015 2014 2014, December 31, 2014 201 5 201 4 Discontinued operations: Revenues from rental properties $ 124 $ 71,906 Rental property expenses (49 ) (16,657 ) Depreciation and amortization - (15,019 ) Provision for doubtful accounts (57 ) (719 ) Interest expense - (1,823 ) Income from other real estate investments - 680 Other expense, net (12 ) (756 ) Income from discontinued operating properties, before income taxes 6 37,612 Impairment of property carrying value, before income taxes (1) (82 ) (178,048 ) Gain on disposition of operating properties, before income taxes - 203,271 Benefit/(provision) for income taxes 1 (11,850 ) (Loss)/income from discontinued operating properties (75 ) 50,985 Net income attributable to noncontrolling interests - (2,117 ) (Loss)/income from discontinued operations attributable to the Company $ (75 ) $ 48,868 (1) December 31, 2014, $92.9 |
Note 7 - Impairments
Note 7 - Impairments | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Asset Impairment Charges [Text Block] | 7 . Impairments: Management assesses on a continuous basis whether there are any indicators, including property operating performance, changes in anticipated holding period and general market conditions, that the value of the Company’s assets (including any related amortizable intangible assets or liabilities) may During 2014, 16 The Company’s efforts to market certain assets and management’s assessment as to the likelihood and timing of such potential transactions and/or the property hold period resulted in the Company recognizing impairment charges for the years ended December 31, 2016, 2015 2014 201 6 201 5 201 4 Impairment of property carrying values* (1) (2) (3) $ 93.3 $ 30.3 $ 33.3 Impairment of investments in other real estate investments* (4) - 5.3 1.7 Impairment of marketable securities and other investments* (5) - 9.8 4.8 Total Impairment charges included in operating expenses 93.3 45.4 39.8 Cumulative foreign currency translation loss included in discontinued operations (6) - - 92.9 Impairment of property carrying values included in discontinued operations** - 0.1 85.1 Total gross impairment charges 93.3 45.5 217.8 Noncontrolling interests (0.4 ) (5.6 ) (0.4 ) Income tax benefit included in discontinued operations - - (1.7 ) Income tax benefit (21.1 ) (9.0 ) (6.1 ) Total net impairment charges $ 71.8 $ 30.9 $ 209.6 * See Footnote 16 **See Footnotes 5 6 of the Notes to Consolidated Financial Statements above for additional disclosure (1) During 2016, $93.3 $21.1 $0.4 22 (2) During 2015, $30.3 $5.4 $5.6 (3) During 2014, $33.3 $6.1 $0.3 (4) Impairment charges primarily based upon review of residual values, sales prices and debt maturity status and the likelihood of foreclosure of certain underlying properties within the Company’s preferred equity investments, during 2015 2014. (5) During 2015 2014, (6) Due to the substantial liquidation of its investment in Mexico, the Company recognized a loss from foreign currency translation related to consolidated properties in the amount of $92.9 $5.8 In addition to the impairment charges above, the Company recognized pretax impairment charges during 2016, 2015 2014 $15.0 $22.2 $54.5 $47.3 8 The Company will continue to assess the value of its assets on an on-going basis. Based on these assessments, the Company may one may |
Note 8 - Investment and Advance
Note 8 - Investment and Advances in Real Estate Joint Ventures | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Investments and Advances In Real Estate Joint Ventures [Text Block] | 8. Investment and Advances in Real Estate Joint Ventures: The Company and its subsidiaries have investments and advances in various real estate joint ventures. These joint ventures are engaged primarily in the operation of shopping centers which are either owned or held under long-term operating leases. The Company and the joint venture partners have joint approval rights for major decisions, including those regarding property operations. As such, the Company holds noncontrolling interests in these joint ventures and accounts for them under the equity method of accounting. As of December 31, 2016 2015, 135 191 26.2 35.4 December 31, 2016 2015 As of December 31 , 2016 As of December 31 , 2015 Venture Ownership Interest Number of Properties The Company's Investment Ownership Interest Number of Properties The Company's Investment Prudential Investment Program (“KimPru” and “KimPru II”) (1) (2) 15.0% 48 $ 182.5 15.0% 53 $ 175.5 Kimco Income Opportunity Portfolio (“KIR”) (2) 48.6% 45 145.2 48.6% 47 131.0 Canada Pension Plan Investment Board (“CPP”) (2) (3) 55.0% 5 111.8 55.0% 7 195.6 Other Institutional Programs (2) Various 2 0.4 Various 9 5.2 Other Joint Venture Programs (4) Various 34 60.4 Various 40 64.0 Canadian Properties 50.0% 1 3.9 Various 35 171.3 Total 135 $ 504.2 191 $ 742.6 (1) Represents four four three (2) The Company manages these joint venture investments and, where applicable, earns acquisition fees, leasing commissions, property management fees, asset management fees and construction management fees. (3) During the year ended December 31, 2016, $27.5 (4) Includes five The table below presents the Company’s share of net income for these investments which is included in the Company’s Consolidated Statements of Income under Equity in income of joint ventures, net for the years ended December 31, 2016, 2015 2014 Year Ended December 31, 2016 2015 2014 KimPru and KimPru II $ 16.4 $ 7.1 $ 8.1 KIR 44.0 41.0 26.5 CPP 7.7 9.6 7.1 Other Institutional Programs 1.1 4.7 28.8 Other Joint Venture Programs 3.9 14.2 49.7 Canadian Properties 145.6 403.8 39.4 Total $ 218.7 $ 480.4 $ 159.6 During 2016, 45 one $1.1 $151.2 December 31, 2016. 2016, nine one $590.1 3 4 During 2015, 98 11 $1.8 $380.6 December 31, 2015. 2015, 43 $1.6 3 During 2014, 37 $811.7 $96.0 December 31, 2014. 2014, 34 $1.0 The table below presents debt balances within the Company’s joint venture investments for which the Company held noncontrolling ownership interests at December 31, 2016 2015 As of December 31 , 2016 As of December 31, 2015 Venture Mortgages and Notes Payable Weighted Average Interest Rate Weighted Average Remaining Term (months)* Mortgages and Notes Payable Weighted Average Interest Rate Weighted Average Remaining Term (months)* KimPru and KimPru II $ 647.4 3.07 % 67.5 $ 777.1 5.54 % 12.6 KIR 746.5 4.64 % 54.9 811.6 4.64 % 62.3 CPP 84.8 2.17 % 16.0 109.9 5.25 % 3.5 Other Institutional Programs 94.7 4.09 % 19.0 218.5 4.92 % 20.5 Other Joint Venture Programs 482.1 5.67 % 24.5 540.7 5.61 % 36.1 Canadian Properties 7.5 4.70 % 9.1 341.3 4.64 % 56.4 Total $ 2,063.0 $ 2,799.1 * Average remaining term includes extensions Summarized financial information for the Company’s investment and advances in real estate joint ventures is as follows (in millions): December 31, 201 6 2015 Assets: Real estate, net $ 3,741.9 $ 4,855.5 Other assets 224.6 279.3 $ 3,966.5 $ 5,134.8 Liabilities and Partners’/Members’ Capital: Notes payable $ 214.5 $ 29.7 Mortgages payable and construction loans 1,848.5 2,769.4 Other liabilities 82.3 119.6 Noncontrolling interests 15.9 16.2 Partners’/Members’ capital 1,805.3 2,199.9 $ 3,966.5 $ 5,134.8 Year Ended December 31, 201 6 2015 2014 Revenues from rental properties $ 597.5 $ 842.5 $ 1,059.9 Operating expenses (178.1 ) (265.9 ) (333.5 ) Interest expense (117.3 ) (202.8 ) (247.3 ) Depreciation and amortization (138.1 ) (191.9 ) (260.0 ) Impairment charges (38.6 ) (63.4 ) (23.1 ) Other income/(expense), net 20.1 4.4 (14.4 ) (452.0 ) (719.6 ) (878.3 ) Income from continuing operations 145.5 122.9 181.6 Discontinued Operations: Income from discontinued operations - - 2.8 Impairment on dispositions of properties - - (3.8 ) Gain on dispositions of properties - - 471.1 - - 470.1 Gain on sale of operating properties 296.2 1,166.7 - Net income $ 441.7 $ 1,289.6 $ 651.7 Other liabilities included in the Company’s accompanying Consolidated Balance Sheets include accounts with certain real estate joint ventures totaling $11.0 $12.6 December 31, 2016 2015, may The Company’s maximum exposure to losses associated with its unconsolidated joint ventures is primarily limited to its carrying value in these investments. Generally, such investments contain operating properties and the Company has determined these entities do not contain the characteristics of a VIE. As of December 31, 2016 2015, $504.2 $742.6 |
Note 9 - Other Real Estate Inve
Note 9 - Other Real Estate Investments | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Other Real Estate Investments and Other Assets [Text Block] | 9. Other Real Estate Investments: Preferred Equity Capital – The Company previously provided capital to owners and developers of real estate properties through its Preferred Equity program. The Company’s maximum exposure to losses associated with its preferred equity investments is primarily limited to its net investment. As of December 31, 2016, $193.7 365 346 December 31, 2016, $27.5 $10.5 five December 31, 2015, $199.9 421 385 December 31, 2015, $27.0 $9.3 nine As of December 31, 2016, $427.4 one eight 4.19% 10.47%. Summarized financial information relating to the Company’s preferred equity investments is as follows (in millions): December 31, 201 6 2015 Assets: Real estate, net $ 187.0 $ 258.0 Other assets 587.1 628.3 $ 774.1 $ 886.3 Liabilities and Partners’/Members’ Capital: Notes and mortgages payable $ 454.7 $ 563.7 Other liabilities 8.3 12.9 Partners’/Members’ capital 311.1 309.7 $ 774.1 $ 886.3 Year Ended December 31, 201 6 2015 2014 Revenues from rental properties $ 102.6 $ 122.1 $ 146.0 Operating expenses (27.4 ) (35.6 ) (47.0 ) Interest expense (26.7 ) (35.7 ) (47.1 ) Depreciation and amortization (6.7 ) (11.4 ) (19.2 ) Other expense, net (11.5 ) (9.2 ) (7.2 ) Income from continuing operations 30.3 30.2 25.5 Discontinued Operations: Gain on disposition of properties - - 31.5 - - 31.5 Gain on sale of operating properties 5.3 6.0 - Net income $ 35.6 $ 36.2 $ 57.0 Kimsouth – Kimsouth Realty Inc. (“Kimsouth”) is a wholly-owned subsidiary of the Company. KRS AB Acquisition, LLC (the “ABS Venture”) is a subsidiary of Kimsouth that has a noncontrolling interest in AB Acquisition, LLC (“AB Acquisition”), a joint venture which owns Albertsons Inc. (“Albertsons”) and NAI Group Holdings Inc. (“NAI”). The Company holds a controlling interest in the ABS Venture and consolidates this entity. During January 2015, two $85.3 two $105.0 $100.0 January 2017, 14.35% 9.8% 4.3% 2,200 33 $190.3 $65.0 $24.0 $16.0 |
Note 10 - Variable Interest Ent
Note 10 - Variable Interest Entities | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | 10. Variable Interest Entities : Consolidated Operating Properties Included within the Company’s consolidated operating properties at December 31, 2016, 21 At December 31, 2016, $902.0 $174.2 The majority of the operations of these VIEs are funded with cash flows generated from the properties. The Company has not provided financial support to any of these VIEs that it was not previously contractually required to provide, which consists primarily of funding any capital expenditures, including tenant may Consolidated Real Estate Under Development Projects Included within the Company’s real estate under development projects at December 31, 2016, two At December 31, 2016, $183.1 $2.3 Substantially all of the projected development costs to be funded for these development projects, aggregating $68.7 Unconsolidated Redevelopment Investment Included in the Company’s joint venture investments at December 31, 2016, As of December 31, 2016, $7.4 $7.4 |
Note 11 - Mortgages and Other F
Note 11 - Mortgages and Other Financing Receivables | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | 11. Mortgages and Other Financing Receivables: The Company has various mortgages and other financing receivables which consist of loans acquired and loans originated by the Company. For a complete listing of the Company’s mortgages and other financing receivables at December 31, 2016, 10 The following table reconciles mortgage loans and other financing receivables from January 1, 2014 December 31, 2016 201 6 2015 2014 Balance at January 1, $ 23,824 $ 74,013 $ 30,243 Additions: New mortgage loans - 5,730 52,728 Write-off of loan discounts - - 286 Foreign currency translation 397 - - Amortization of loan discounts 112 112 126 Deductions: Loan repayments - (53,646 ) (7,330 ) Charge off/foreign currency translation (213 ) (884 ) (1,066 ) Collections of principal (921 ) (1,499 ) (972 ) Amortization of loan costs (2 ) (2 ) (2 ) Balance at December 31, $ 23,197 $ 23,824 $ 74,013 The Company reviews payment status to identify performing versus non-performing loans. As of December 31, 2016, 12 |
Note 12 - Marketable Securities
Note 12 - Marketable Securities | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | 12. Marketable Securities: The amortized cost and gross unrealized gains/(losses) of securities available-for-sale and held-to-maturity at December 31, 2016 2015, December 31, 201 6 Amortized Cost Gross Unrealized Gains Total Available-for-sale: Equity securities $ 6,096 $ 406 $ 6,502 Held-to-maturity: Debt securities 1,599 - 1,599 Total marketable securities $ 7,695 $ 406 $ 8,101 December 31, 201 5 Amortized Cost Gross Unrealized Gains/ ( Losses ) Total Available-for-sale: Equity securities $ 5,511 $ 398 $ 5,909 Held-to-maturity: Debt securities 1,656 (1 ) 1,655 Total marketable securities $ 7,167 $ 397 $ 7,564 During 2015, $76.2 $39.9 As of December 31, 2016, five may may |
Note 13 - Notes Payable
Note 13 - Notes Payable | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | 13. Notes Payable: As of December 31, 2016 2015 Balance at 12/31/1 6 Interest Rate Range (Low) Interest Rate Range (High) Maturity Date Range (Low) Maturity Date Range (High) Senior Unsecured Notes $ 3,400.0 2.70% 6.88% Oct-2019 Dec-2046 Medium Term Notes (“MTN”) 300.0 4.30% 4.30% Feb-2018 Feb-2018 Term Loan (a) 250.0 (a) (a) Jan-2017 Jan-2017 Credit Facility (b) 25.0 (b) (b) Mar-2018 (b) Mar-2018 (b) Deferred financing costs, net (47.7 ) - - - - $ 3,927.3 Balance at 12/31/1 5 Interest Rate Range (Low) Interest Rate Range (High) Maturity Date Range (Low) Maturity Date Range (High) Senior Unsecured Notes $ 2,290.9 3.13% 6.88% May-2017 Apr-2045 MTN 600.0 4.30% 5.78% Mar-2016 Feb-2018 Term Loan (a) 650.0 (a) (a) Jan-2017 Jan-2017 Canadian Notes Payable 251.8 3.86% 5.99% Apr-2018 Aug-2020 Credit Facility (b) - (b) (b) Mar-2018 (b) Mar-2018 (b) Deferred financing costs, net (31.4 ) - - - - $ 3,761.3 (a) Interest rate is equal to LIBOR + 0.95% (1.60% 1.37% December 31, 2016 2015, January 2017, $250.0 (b) Interest rate is equal to LIBOR + 0.925% (1.67% 1.35% December 31, 2016 2015, February 2017, $2.25 March 2021 two six 87.5 The weighted-average interest rate for all unsecured notes payable is 3.58% December 31, 2016. $47.7 December 31, 2016, 2017, $250.0; 2018, $325.0; 2019, $300.0; 2020, $0.0; 2021, $500.0 $2,600.0. During the years ended December 31, 2016 2015, Type Date Paid Maturity Date Amount Repaid (USD) Interest Rate Canadian Notes Payable (1) Aug-16 (1) $ 270.9 (1) Senior Unsecured Note (2) Aug-16 May-17 $ 290.9 5.70% MTN Mar-16 Mar-16 $ 300.0 5.783% MTN Nov-15 Nov-15 $ 150.0 5.584% Senior Unsecured Note Sep-15 Sep-15 $ 100.0 5.25% MTN Feb-15 Feb-15 $ 100.0 4.904% (1) On August 26, 2016, $150.0 5.99% April 2018 $200.0 3.855% August 2020. $34.1 $26.3 (2) The Company recorded an early extinguishment of debt charge of $10.2 Senior Unsecured Notes / MTN – The Company’s supplemental indentures governing its MTN and Senior Unsecured Notes contain covenants whereby the Company is subject to maintaining (a) certain maximum leverage ratios on both unsecured senior corporate and secured debt, minimum debt service coverage ratios and minimum equity levels, (b) certain debt service ratios and (c) certain asset to debt ratios. In addition, the Company is restricted from paying dividends in amounts that exceed by more than $26.0 December 31, 2016. Interest on the Company’s fixed-rate senior unsecured notes and medium term notes is payable semi-annually in arrears. Proceeds from these issuances were primarily used for the acquisition of shopping centers, the expansion and improvement of properties in the Company’s portfolio and the repayment of certain debt obligations of the Company. The Company had a MTN program pursuant to which it offered for sale its senior unsecured debt for any general corporate purposes, including (i) funding specific liquidity requirements in its business, including property acquisitions, development and redevelopment costs and (ii) managing the Company's debt maturities. During the years ended December 31, 2016 2015, Date Issued Maturity Date Amount Issued Interest Rate Nov-16 Mar-24 $ 400.0 2.7% Nov-16 Dec-46 $ 350.0 4.125% Aug-16 Oct-26 $ 500.0 2.8% May-16 Apr-45 $ 150.0 4.25% Oct-15 Nov-22 $ 500.0 3.40% Mar-15 Apr-45 $ 350.0 4.25% The Company used the net proceeds from these issuances, after the underwriting discounts and related offering costs, for general corporate purposes, including to pre-fund near-term debt maturities or to reduce borrowings under the Company’s revolving credit facility. Credit Facility – The Company had a $1.75 March 2018 two six March 2019. $2.25 92.5 (1.67% December 31, 2016) $500 December 31, 2016. December 31, 2016, $25.0 $0.7 In February 2017, $2.25 March 2021, two six March 2022. 87.5 $2.75 $1.75 March 2018. $500.0 Term Loan - During January 2015, $650.0 January 2017 three one (95 December 31, 2016) (1.60% December 31, 2016). $400.0 April 2015 two one 105 November 2016, $400.0 December 31, 2016, $250.0 December 31, 2016. January 2017, $250.0 |
Note 14 - Mortgages Payable
Note 14 - Mortgages Payable | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Mortgage Notes Payable Disclosure [Text Block] | 14. Mortgages Payable: During 2016, $289.0 10 $4.3 $703.0 $2.1 47 $9.2 Additionally, during 2016, $25.6 $0.4 $3.1 During 2015, $835.2 38 $27.6 $557.0 $1.4 27 Mortgages payable, collateralized by certain shopping center properties (see Financial Statement Schedule III included in this annual report on Form 10 tenants' 2031. 135 (1.91% December 31, 2016) 9.75% 4.94% December 31, 2016). $27.7 $3.0 December 31, 2016, 2017, $462.4; 2018, $124.4; 2019, $115.9; 2020, $101.2; 2021, $145.4 $165.1. |
Note 15 - Noncontrolling Intere
Note 15 - Noncontrolling Interests | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Noncontrolling Interest Disclosure [Text Block] | 15. Noncontrolling Interests: Noncontrolling interests represent the portion of equity that the Company does not own in those entities it consolidates as a result of having a controlling interest or determined that the Company was the primary beneficiary of a VIE in accordance with the provisions of the FASB’s Consolidation guidance. The Company accounts and reports for noncontrolling interests in accordance with the Consolidation guidance and the Distinguishing Liabilities from Equity guidance issued by the FASB. The Company identifies its noncontrolling interests separately within the equity section on the Company’s Consolidated Balance Sheets. Units that are determined to be contingently redeemable are classified as Redeemable noncontrolling interests and presented in the mezzanine section between Total liabilities and Stockholder’s equity on the Company’s Consolidated Balance Sheets. The amounts of consolidated net income attributable to the Company and to the noncontrolling interests are presented separately on the Company’s Consolidated Statements of Income. The Company owns seven $158.6 $45.8 $233.0 $13.5 $15.1 $86.2 $88.9 December 31, 2016 2015, December 31, 2016 2015: Type Par Value Per Unit Number of Units Remaining Return Per Annum Preferred A Units (1) $ 1.00 79,642,697 5.0% Class B-1 Preferred Units (2) $ 10,000 189 7.0% Class B-2 Preferred Units (1) $ 10,000 42 7.0% Class C DownReit Units (2) $ 30.52 52,797 Equal to the Company’s common stock dividend (1) These units are redeemable for cash by the holder or callable by the Company and are included in Redeemable noncontrolling interests on the Company’s Consolidated Balance Sheets. (2) These units are redeemable for cash by the holder or at the Company’s option, shares of the Company’s common stock, based upon the conversion calculation as defined in the agreement. These units are included in Noncontrolling interests on the Company’s Consolidated Balance Sheets. The Company owns a shopping center located in Bay Shore, NY, which was acquired in 2006 647,758 $37.24 1:1. April 3, 2026, 2007, 30,000 $1.1 December 31, 2016 2015, $26.5 Noncontrolling interests also includes 138,015 2006 $5.3 $0.3 1:1. January 2017. The following table presents the change in the redemption value of the Redeemable noncontrolling interests for the years ended December 31, 2016 2015 201 6 201 5 Balance at January 1, $ 86,709 $ 91,480 Income (1) 4,349 7,061 Distribution (4,105 ) (5,922 ) Conversion of redeemable units - (5,910 ) Balance at December 31, $ 86,953 $ 86,709 (1) Includes $1.0 December 31, 2015. During the year ended December 31, 2015, three $31.6 $25.2 December 31, 2015, $6.4 2015. |
Note 16 - Fair Value Disclosure
Note 16 - Fair Value Disclosure of Financial Instruments | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | 16. Fair Value Disclosure of Financial Instruments: All financial instruments of the Company are reflected in the accompanying Consolidated Balance Sheets at amounts which, in management’s estimation, based upon an interpretation of available market information and valuation methodologies, reasonably approximate their fair values except those listed below, for which fair values are disclosed. The valuation method used to estimate fair value for fixed-rate and variable-rate debt is based on discounted cash flow analyses, with assumptions that include credit spreads, market yield curves, trading activity, loan amounts and debt maturities. The fair values for marketable securities are based on published values, securities dealers’ estimated market values or comparable market sales. Such fair value estimates are not necessarily indicative of the amounts that would be realized upon disposition. As a basis for considering market participant assumptions in fair value measurements, the FASB’s Fair Value Measurements and Disclosures guidance establishes a fair value hierarchy that distinguishes between market participant assumptions based on market data obtained from sources independent of the reporting entity (observable inputs that are classified within Levels 1 2 3 The following are financial instruments for which the Company’s estimate of fair value differs from the carrying amounts (in thousands): December 31, 201 6 201 5 Carrying Amounts Estimated Fair Value Carrying Amounts Estimated Fair Value Marketable securities (1) $ 8,101 $ 8,101 $ 7,565 $ 7,564 Notes payable (2) $ 3,927,251 $ 3,890,797 $ 3,761,328 $ 3,820,205 Mortgages payable (3) $ 1,139,117 $ 1,141,047 $ 1,614,982 $ 1,629,760 (1) As of December 31, 2016 2015, $6.5 $5.9 1 $1.6 $1.7 3 (2) The Company determined that its valuation of the Senior Unsecured Notes and MTNs were classified within Level 2 3 (3) The Company determined that its valuation of these Mortgages payable was classified within Level 3 The Company has certain financial instruments that must be measured under the FASB’s Fair Value Measurements and Disclosures guidance, including available for sale securities. The Company currently does not have non-financial assets and non-financial liabilities that are required to be measured at fair value on a recurring basis. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability. The Company from time to time has used interest rate swaps to manage its interest rate risk. The fair values of interest rate swaps are determined using the market standard methodology of netting the discounted future fixed cash receipts (or payments) and the discounted expected variable cash payments (or receipts). The variable cash payments (or receipts) are based on an expectation of future interest rates (forward curves) derived from observable market interest rate curves. Based on these inputs, the Company has determined that interest rate swap valuations are classified within Level 2 The tables below present the Company’s financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2016 2015, Balance at December 31, 201 6 Level 1 Level 2 Level 3 Assets: Marketable equity securities $ 6,502 $ 6,502 $ - $ - Liabilities: Interest rate swaps $ 975 $ - $ 975 $ - Balance at December 31, 201 5 Level 1 Level 2 Level 3 Assets: Marketable equity securities $ 5,909 $ 5,909 $ - $ - Liabilities: Interest rate swaps $ 1,426 $ - $ 1,426 $ - Assets measured at fair value on a non-recurring basis at December 31, 2016 2015 Balance at December 31, 201 6 Level 1 Level 2 Level 3 Real estate $ 117,930 $ - $ - $ 117,930 Balance at December 31, 201 5 Level 1 Level 2 Level 3 Real estate $ 52,439 $ - $ - $ 52,439 During the year ended December 31, 2016, $93.3 third 7.75% 9.00% 9.25% 12.17% 3 During the year ended December 31, 2015, $45.5 $0.1 $20.2 $10.2 $9.0 $5.3 $0.8 The Company’s estimated fair values for the year ended December 31, 2015, third $5.7 $20.2 December 31, 2015), third $8.9 $20.2 December 31, 2015) $5.6 $20.2 December 31, 2015). 8.25% 8.5% 9.25% 9.75% Based on these inputs the Company determined that its valuation of these investments was classified within Level 3 |
Note 17 - Preferred Stock, Comm
Note 17 - Preferred Stock, Common Stock and Convertible Unit Transactions | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | 17. Preferred Stock, Common Stock and Convertible Unit Transactions : Preferred Stock The Company’s outstanding Preferred Stock is detailed below (in thousands, except share information and par values): As of December 31, 2016 and 201 5 Series of Preferred Stock Shares Authorized Shares Issued and Outstanding Liquidation Preference Dividend Rate Annual Dividend per Depositary Share Par Value Series I 18,400 16,000 $ 400,000 6.00 % $ 1.50000 $ 1.00 Series J 9,000 9,000 225,000 5.50 % $ 1.37500 $ 1.00 Series K 8,050 7,000 175,000 5.625 % $ 1.40625 $ 1.00 35,450 32,000 $ 800,000 Series of Preferred Stock Date Issued Depositary Shares Issued Fractional Interest per Share Net Proceeds, After Expenses (in millions) Offering/ Redemption Price Optional Redemption Date Series I 3/20/2012 16,000,000 1/1000 $ 387.2 $ 25.00 3/20/2017 Series J 7/25/2012 9,000,000 1/1000 $ 217.8 $ 25.00 7/25/2017 Series K 12/7/2012 7,000,000 1/1000 $ 169.1 $ 25.00 12/7/2017 The following Preferred Stock series was redeemed during the year ended December 31, 2015: Series of Preferred Stock Date Issued Depositary Shares Issued Redemption Amount (in millions) Offering/ Redemption Price Optional Redemption Date Actual Redemption Date Series H (1) 8/30/2010 7,000,000 $ 175.0 $ 25.00 8/30/2015 11/25/2015 (1) In connection with this redemption the Company recorded a non-cash charge of $5.8 $5.8 December 31, 2015. The Company’s Preferred Stock Depositary Shares for all series are not convertible or exchangeable for any other property or securities of the Company. Voting Rights - The Class I Preferred Stock, Class J Preferred Stock and Class K Preferred Stock rank pari passu as to voting rights, priority for receiving dividends and liquidation preference as set forth below. As to any matter on which the Class I, J, or K Preferred Stock may 1,000 1,000 may may 1,000 1,000 one Liquidation Rights In the event of any liquidation, dissolution or winding up of the affairs of the Company, preferred stock holders are entitled to be paid, out of the assets of the Company legally available for distribution to its stockholders, a liquidation preference of $25,000.00 $25,000.00 $25,000.00 ($25.00 Common Stock During February 2015, may $0.01 $500.0 may 415 1933, December 31, 2016, 9,806,377 $285.2 $2.9 December 31, 2016 $211.9 The Company, from time to time, repurchases shares of its common stock in amounts that offset new issuances of common shares in connection with the exercise of stock options or the issuance of restricted stock awards. These share repurchases may 2016, 2015 2014, 257,477 179,696 128,147 Convertible Units The Company has various types of convertible units that were issued in connection with the purchase of operating properties (see Footnote 15 December 31, 2016, $24.1 0.9 |
Note 18 - Supplemental Schedule
Note 18 - Supplemental Schedule of Non-cash Investing / Financing Activities | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Cash Flow, Supplemental Disclosures [Text Block] | 18. Supplemental Schedule of Non-Cash Investing/Financing Activities: The following schedule summarizes the non-cash investing and financing activities of the Company for the years ended December 31, 2016, 2015 2014 201 6 201 5 201 4 Acquisition of real estate interests by assumption of mortgage debt $ 33,174 $ 84,699 $ 210,232 Acquisition of real estate interests by issuance of redeemable units $ - $ - $ 8,219 Acquisition of real estate interests through proceeds held in escrow $ 66,044 $ 89,504 $ 179,387 Proceeds held in escrow through sale of real estate interests $ 66,044 $ 71,623 $ 197,270 Disposition of real estate interests by assignment of debt $ - $ 47,742 $ - Disposition of real estate interests through the issuance of mortgage receivable $ - $ 5,730 $ 2,728 Disposition of real estate interests by foreclosure of debt $ 22,080 $ - $ - Forgiveness of debt due to foreclosure $ 26,000 $ - $ - Investment in real estate joint venture through contribution of real estate $ - $ - $ 35,080 Decrease of noncontrolling interests through sale of real estate $ - $ - $ 17,650 Increase in capital expenditures accrual $ 15,078 $ 8,581 $ 12,622 Issuance of common stock $ 85 $ 493 $ 14,047 Surrender of common stock $ (7,008 ) $ (5,682 ) $ (4,051 ) Declaration of dividends paid in succeeding period $ 124,517 $ 115,182 $ 111,143 Consolidation of Joint Ventures: Increase in real estate and other assets $ 407,813 $ 1,039,335 $ 687,538 Increase in mortgages payable, other liabilities and noncontrolling interests $ 268,194 $ 750,135 $ 492,318 |
Note 19 - Transactions with Rel
Note 19 - Transactions with Related Parties | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | 19. Transactions with Related Parties: The Company provides management services for shopping centers owned principally by affiliated entities and various real estate joint ventures in which certain stockholders of the Company have economic interests. Such services are performed pursuant to management agreements which provide for fees based upon a percentage of gross revenues from the properties and other direct costs incurred in connection with management of the centers. Substantially all of the Management and other fee income on the Company’s Consolidated Statements of Income constitute fees earned from affiliated entities. Reference is made to Footnotes 3, 8 9 Ripco Real Estate Corp. (“Ripco”) business activities include serving as a leasing agent and representative for national and regional retailers including Target, Best Buy, Kohl’s and many others, providing real estate brokerage services and principal real estate investing. Mr. Todd Cooper, an officer and 50% 2016, 2015 2014, $0.2 $0.6 $0.3 tenants ProHEALTH is a multi-specialty physician group practice offering one two December 31, 2016, 2015 2014 $0.4 $0.4 $0.1 During January 2015, $100.0 14.35% 9.8% 4.3% third 0.25% 9 |
Note 20 - Commitments and Conti
Note 20 - Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | 20. Commitments and Contingencies: Operations The Company and its subsidiaries are primarily engaged in the operation of shopping centers that are either owned or held under long-term leases that expire at various dates through 2115. tenants 5 25 tenants' 98% three December 31, 2016, 2015 2014. The minimum revenues from rental properties under the terms of all non-cancelable tenant 2017, $834.6; 2018, $755.9; 2019, $664.1; 2020, $567.7; 2021, $471.5 $1,971.7. Base rental revenues from rental properties are recognized on a straight-line basis over the terms of the related leases. The difference between the amount of rental income contracted through leases and rental income recognized on a straight-line basis before allowances for the years ended December 31, 2016, 2015 2014 $16.5 $14.8 $8.4 Minimum rental payments to be made by the Company under the terms of all non-cancelable operating ground leases for future years are as follows (in millions): 2017, $10.3; 2018, $9.9; 2019, $9.2; 2020, $8.6; 2021, $8.3 $143.0. Letters of Credit The Company has issued letters of credit in connection with the completion and repayment guarantees for loans encumbering certain of the Company’s development and redevelopment projects and guaranty of payment related to the Company’s insurance program. At December 31, 2016, $40.8 Other In connection with the construction of its development and redevelopment projects and related infrastructure, certain public agencies require posting of performance and surety bonds to guarantee that the Company’s obligations are satisfied. These bonds expire upon the completion of the improvements and infrastructure. As of December 31, 2016, $30.1 On January 28, 2013, 3678), The Company is subject to various other legal proceedings and claims that arise in the ordinary course of business. Management believes that the final outcome of such matters will not have a material adverse effect on the financial position, results of operations or liquidity of the Company as of December 31, 2016. |
Note 21 - Incentive Plans
Note 21 - Incentive Plans | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | 21. Incentive Plans: The Company accounts for equity awards in accordance with FASB’s Compensation – Stock Compensation guidance which requires that all share based payments to employees, including grants of employee stock options, restricted stock and performance shares, be recognized in the Statement of Income over the service period based on their fair values. Fair value is determined, depending on the type of award, using either the Black-Scholes option pricing formula or the Monte Carlo method for performance shares, both of which are intended to estimate the fair value of the awards at the grant date. Fair value of restricted shares is calculated based on the price on the date of grant. The Company recognized expense associated with its equity awards of $19.1 $18.5 $17.9 December 31, 2016, 2015 2014, December 31, 2016, $31.1 3.3 10,015,040, 9,095,416 9,251,021, December 31, 2016, 2015 2014, Stock Options During 2016, 2015 2014, not December 31, 2016, 2015 2014 Shares Weighted-Average Exercise Price Per Share Aggregate Intrinsic Value (in millions) Options outstanding, January 1, 2014 15,374,145 $ 28.79 $ 13.1 Exercised (1,474,432 ) $ 16.19 $ 9.4 Forfeited (2,005,952 ) $ 28.68 Options outstanding, December 31, 2014 11,893,761 $ 30.23 $ 29.8 Exercised (1,019,240 ) $ 18.36 $ 7.4 Forfeited (1,862,080 ) $ 32.55 Options outstanding, December 31, 2015 9,012,441 $ 31.09 $ 27.4 Exercised (1,167,819 ) $ 18.03 $ 12.4 Forfeited (1,830,893 ) $ 39.69 Options outstanding, December 31, 2016 6,013,729 $ 32.09 $ 12.1 Options exercisable (fully vested) - December 31, 2014 10,159,570 $ 31.96 $ 19.9 December 31, 2015 7,617,882 $ 32.90 $ 20.0 December 31, 2016 5,144,416 $ 32.56 $ 11.3 The exercise prices for options outstanding as of December 31, 2016, $11.54 $53.14 December 31, 2016 2.4 December 31, 2016, 2.3 December 31, 2016, 6.2 December 31, 2016, 225,695 $21.54 $0.8 $21.1 $18.7 $23.9 December 31, 2016, 2015 2014, Restricted Stock Information with respect to restricted stock under the Plan for the years ended December 31, 2016, 2015 2014 201 6 201 5 2014 Restricted stock outstanding as of January 1, 1,712,534 1,911,145 1,591,082 Granted 756,530 729,160 804,465 Vested (520,539 ) (875,202 ) (418,309 ) Forfeited (17,793 ) (52,569 ) (66,093 ) Restricted stock outstanding as of December 31, 1,930,732 1,712,534 1,911,145 Restricted shares have the same voting rights as the Company’s common stock and are entitled to a cash dividend per share equal to the Company’s common dividend which is taxable as ordinary income to the holder. The dividends paid on restricted shares were $2.2 $1.8 $1.5 December 31, 2016, 2015 2014, December 31, 2016, 2015 2014 $26.15, $25.98 $21.60, Performance Shares As of December 31, 2016, 2015 2014, 197,249, 202,754 171,400, December 31, 2016, 2015 2014 $28.60, $27.87 $22.65, 2016, 2015 2014 201 6 201 5 201 4 Stock price $ 26.29 $ 26.83 $ 21.49 Dividend yield (1) 0 % 0 % 0 % Risk-free rate 0.87 % 0.98 % 0.65 % Volatility 18.80 % 16.81 % 25.93 % Term of the award (years) 2.88 1.88, 2.88 0.88, 1.88, 2.88 (1) Total Shareholder Returns, as used in the performance share awards computation, are measured based on cumulative dividend stock prices, as such a zero Other The Company maintains a 401(k) 5% December 31, 2016. $2.0 $2.1 $2.2 December 31, 2016, 2015 2014, The Company recognized severance costs associated with employee terminations during the years ended December 31, 2016, 2015 2014, $1.7 $4.8 $6.3 |
Note 22 - Income Taxes
Note 22 - Income Taxes | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | 22. Income Taxes: The Company elected to qualify as a REIT in accordance with the Code commencing with its taxable year which began January 1, 1992. 90% may four Reconciliation between GAAP Net Income and Federal Taxable Income The following table reconciles GAAP net income to taxable income for the years ended December 31, 2016, 2015 2014 201 6 201 5 201 4 (Estimated) (Actual) (Actual) GAAP net income attributable to the Company $ 378,850 $ 894,115 $ 424,001 GAAP net loss/(income) of taxable REIT Subsidiaries 2,414 (6,073 ) (13,110 ) GAAP net income from REIT operations (a) 381,264 888,042 410,891 Net book depreciation in excess of tax depreciation 73,409 21,515 24,890 Capitalized leasing/legal commissions (11,894 ) (14,246 ) (13,576 ) Deferred/prepaid/above-market and below-market rents, net (35,230 ) (32,848 ) (17,967 ) Fair market value debt amortization (15,953 ) (19,723 ) (6,236 ) Restricted stock (4,490 ) (3,094 ) (1,078 ) Book/tax differences from non-qualified stock options (11,301 ) (4,786 ) (5,144 ) Book/tax differences from investments in real estate joint ventures (4,205 ) (294 ) 8,614 Book/tax difference on sale of properties (75,445 ) (64,270 ) (146,173 ) Foreign income tax from capital gains - 5,873 - Cumulative foreign currency translation adjustment & deferred tax adjustment 3,267 - 139,976 Book adjustment to property carrying values and marketable equity securities 29,042 4,484 62,817 Taxable currency exchange loss, net (6,775 ) (47,297 ) (100,602 ) Tangible property regulations deduction (b) (58,000 ) (126,957 ) - Dividends from taxable REIT subsidiaries - 647 67,590 GAAP change in control gain (57,386 ) (149,407 ) (107,235 ) Valuation allowance against net deferred tax assets (see discussion below) 40,097 - - Other book/tax differences, net (9,505 ) (3,618 ) (16,100 ) Adjusted REIT taxable income $ 236,895 $ 454,021 $ 300,667 Certain amounts in the prior periods have been reclassified to conform to the current year presentation, in the table above. (a) All adjustments to "GAAP net income from REIT operations" are net of amounts attributable to noncontrolling interest and taxable REIT subsidiaries. (b) In September 2013, 2015 $85.9 Characterization of Distributions The following characterizes distributions paid for tax purposes for the years ended December 31, 2016, 2015 2014, 201 6 2015 2014 Preferred H Dividends Ordinary income $ - - $ - - $ 6,762 56 % Capital gain - - 13,417 100 % 5,313 44 % $ - - $ 13,417 100 % $ 12,075 100 % Preferred I Dividends Ordinary income $ 16,320 68 % $ - - $ 13,440 56 % Capital gain 7,680 32 % 24,000 100 % 10,560 44 % $ 24,000 100 % $ 24,000 100 % $ 24,000 100 % Preferred J Dividends Ordinary income $ 8,415 68 % $ - - $ 6,930 56 % Capital gain 3,960 32 % 12,375 100 % 5,445 44 % $ 12,375 100 % $ 12,375 100 % $ 12,375 100 % Preferred K Dividends Ordinary income $ 6,694 68 % $ - - $ 5,513 56 % Capital gain 3,150 32 % 9,844 100 % 4,331 44 % $ 9,844 100 % $ 9,844 100 % $ 9,844 100 % Common Dividends Ordinary income $ 263,892 62 % $ - - $ 132,498 36 % Capital gain 127,689 30 % 394,400 100 % 103,054 28 % Return of capital 34,050 8 % - - 132,498 36 % $ 425,631 100 % $ 394,400 100 % $ 368,050 100 % Total dividends distributed for tax purposes $ 471,850 $ 454,036 $ 426,344 For the years ended December 31, 2016, 2015 2014 Taxable REIT Subsidiaries and Taxable Entities The Company is subject to federal, state and local income taxes on income reported through its TRS activities, which include wholly-owned subsidiaries of the Company. The Company’s TRSs included KRS, FNC Realty Corporation, Kimco Insurance Company (collectively “KRS Consolidated”) and the consolidated entity, Blue Ridge Real Estate Company/Big Boulder Corporation. As part of the Company’s overall strategy to simplify its business model, the Company merged KRS, a TRS holding REIT-qualifying real estate and the Company’s investment in Albertsons, into a wholly-owned LLC and KRS was dissolved effective August 1, 2016. The Company is also subject to local non-U.S. taxes on certain investments located outside the U.S. In general, under local country law applicable to the entity ownership structures the Company has in place and applicable tax treaties, the repatriation of cash to the Company from its subsidiaries and joint ventures in Canada, Puerto Rico and Mexico generally is not subject to withholding tax. The Company is subject to and includes in its tax provision non-U.S. income taxes on certain investments located in jurisdictions outside the U.S. These investments are held by the Company at the REIT level and not in the Company’s taxable REIT subsidiary. Accordingly, the Company does not expect a U.S. income tax impact associated with the repatriation of undistributed earnings from the Company’s foreign subsidiaries. Income taxes have been provided for on the asset and liability method as required by the FASB’s Income Tax guidance. Under the asset and liability method, deferred income taxes are recognized for the temporary differences between the financial reporting basis and the tax basis of taxable assets and liabilities. The Company’s pre-tax book (loss)/income and benefit/(provision) for income taxes relating to the Company’s TRS and taxable entities which have been consolidated for accounting reporting purposes, for the years ended December 31, 2016, 2015 2014, 201 6 201 5 201 4 (Loss)/income before income taxes – U.S. $ (23,810 ) $ 23,729 $ 22,176 Benefit/(provision) for income taxes, net: Federal: Current 2,199 (638 ) (522 ) Deferred (45,097 ) (7,355 ) (7,156 ) Federal tax provision (42,898 ) (7,993 ) (7,678 ) State and local: Current 1,057 (2,535 ) (165 ) Deferred (8,812 ) (1,474 ) (1,223 ) State tax provision (7,755 ) (4,009 ) (1,388 ) Total tax provision – U.S. (50,653 ) (12,002 ) (9,066 ) Net (loss)/income from U.S. taxable REIT subsidiaries $ (74,463 ) $ 11,727 $ 13,110 Income before taxes – Non-U.S. $ 138,253 $ 381,999 $ 116,184 (Provision)/benefit for Non-U.S. income taxes: Current (1) $ (24,393 ) $ (58,365 ) $ (18,131 ) Deferred (3,537 ) 4,331 (6,749 ) Non-U.S. tax provision $ (27,930 ) $ (54,034 ) $ (24,880 ) (1) For the years ended December 31, 2016 2015 $24.9 $53.5 (Provision)/ benefit differ from the amounts computed by applying the statutory federal income tax rate to taxable income before income taxes as follows (in thousands): 201 6 201 5 201 4 Federal provision at statutory tax rate (35%) (1) $ (47,155 ) $ (8,304 ) $ (7,762 ) State and local provision, net of federal benefit (2) (3,498 ) (3,698 ) (1,304 ) Total tax provision – U.S. $ (50,653 ) $ (12,002 ) $ (9,066 ) (1) December 31, 2016, $55.6 (2) December 31, 2016, $7.9 Deferred Tax Assets, Liabilities and Valuation Allowances The Company’s deferred tax assets and liabilities at December 31, 2016 2015, 201 6 201 5 Deferred tax assets: Tax/GAAP basis differences $ 63,167 $ 49,601 Net operating losses (1) 44,833 40,100 Related party deferred losses 952 1,549 Tax credit carryforwards (2) 5,368 5,304 Capital loss carryforwards 3,659 4,593 Charitable contribution carryforwards 35 22 Non-U.S. tax/GAAP basis differences 513 4,555 Valuation allowance – U.S. (95,126 ) (25,045 ) Valuation allowance – Non-U.S. - (2,860 ) Total deferred tax assets 23,401 77,819 Deferred tax liabilities – U.S. (19,599 ) (19,326 ) Deferred tax liabilities – Non-U.S. (559 ) (3,493 ) Net deferred tax assets $ 3,243 $ 55,000 (1) Expiration dates ranging from 2021 2033. (2) Expiration dates ranging from 2027 2034 $3.1 The major differences between the GAAP basis of accounting and the basis of accounting used for federal and state income tax reporting consist of impairment charges recorded for GAAP purposes, but not recognized for tax purposes, depreciation and amortization, rental revenue recognized on the straight line method for GAAP, reserves for doubtful accounts, differences in GAAP and tax basis of assets sold, and the period in which certain gains were recognized for tax purposes, but not yet recognized under GAAP. Deferred tax assets and deferred tax liabilities are included in the captions Other assets and Other liabilities on the accompanying Consolidated Balance Sheets at December 31, 2016 2015. August 1, 2016, $20.6 $20.6 $44.0 December 31, 2015, $19.7 $19.7 $70.3 Under GAAP a reduction of the carrying amounts of deferred tax assets by a valuation allowance is required, if, based on the evidence available, it is more likely than not (a likelihood of more than 50 $63.5 The Company prepared an analysis of the tax basis built-in tax gain or built-in loss inherent in each asset acquired from KRS in the Merger. Assets of a TRS that become REIT assets in a merger transaction of the type entered into by the Company and KRS are subject to corporate tax on the aggregate net built-in gain (built-in gains in excess of built-in losses) during a recognition period. Accordingly, the Company is subject to corporate-level taxation on the aggregate net built-in gain from the sale of KRS assets within 60 60 60 Uncertain Tax Positions The Company is subject to income tax in certain jurisdictions outside the U.S., principally Canada and Mexico. The statute of limitations on assessment of tax varies from three seven December 31, 2016, 12 The liability for uncertain tax benefits principally consists of estimated foreign, federal and state income tax liabilities in years for which the statute of limitations is open. Open years range from 2010 2016 December 31, 2016 2015 201 6 201 5 Balance at January 1, $ 4,263 $ 4,649 Increases for tax positions related to current year 41 1,084 Increase for tax position due to ASU 2013-11 4,930 - Decreases relating to settlements with taxing authorities (2,000 ) - Reductions due to lapsed statute of limitations (2,272 ) (1,470 ) Balance at December 31, $ 4,962 $ 4,263 The Company previously had unrecognized tax benefits reported as deferred tax assets primarily related to book to tax timing differences for depreciation expense on its Canadian real estate operating properties. With respect to the Company’s uncertain tax positions in Canada and in accordance with ASU 2013 11 Income Taxes (Topic 740): 2013 11”), December 31, 2016, December 31, 2016, $4.9 The Company and its subsidiaries had been under audit by the U.S. Internal Revenue Service (“IRS”) with respect to taxable years 2004 2009. 482 100 857(b)(7) $40.9 2009 2016, $0.1 $2.0 In August 2016, 2010 $33.7 $16.5 $11.4 |
Note 23 - Accumulated Other Com
Note 23 - Accumulated Other Comprehensive Income | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Accumulated Other Comprehensive Income (Loss) Disclosure [Text Block] | 23. Accumulated Other Comprehensive Income: The following table displays the change in the components of AOCI for the years ended December 31, 2016 2015: Foreign Currency Translation Adjustments Unrealized Gains on Available-for- Sale Investments Unrealized Gain/(Loss) on Interest Rate Swaps Total Balance as of January 1, 2016 $ 6,616 $ 398 $ (1,426 ) $ 5,588 Other comprehensive income before reclassifications (281 ) 8 451 178 Amounts reclassified from AOCI - - - - Net current-period other comprehensive income (281 ) 8 451 178 Balance as of December 31, 2016 $ 6,335 $ 406 $ (975 ) $ 5,766 Foreign Currency Translation Adjustments Unrealized Gains on Available-for- Sale Investments Unrealized Gain/(Loss) on Interest Rate Swaps Total Balance as of January 1, 2015 $ 329 $ 46,197 $ (1,404 ) $ 45,122 Other comprehensive income before reclassifications (12,493 ) (5,946 ) (22 ) (18,461 ) Amounts reclassified from AOCI 18,780 (1) (39,853 )(2) - (21,073 ) Net current-period other comprehensive income 6,287 (45,799 ) (22 ) (39,534 ) Balance as of December 31, 2015 $ 6,616 $ 398 $ (1,426 ) $ 5,588 (1) During 2015, $19.6 $0.8 (2) Amounts reclassified to Interest, dividends and other investment income on the Company’s Consolidated Statements of Income. At December 31, 2016, $6.3 2015, may, |
Note 24 - Supplemental Financia
Note 24 - Supplemental Financial Information | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Quarterly Financial Information [Text Block] | 24. Supplemental Financial Information: The following represents the quarterly results of income, expressed in thousands except per share amounts, for each quarter during the years 2016 2015: 201 6 (Unaudited) Mar. 31 Jun . 30 Sept. 30 Dec. 31 Revenues from rental properties $ 293,091 $ 287,115 $ 279,286 $ 292,909 Net income/(loss) attributable to the Company $ 140,713 $ 203,409 $ (43,545 ) $ 78,273 Net income/(loss) per common share: Basic $ 0.31 $ 0.46 $ (0.13 ) $ 0.16 Diluted $ 0.31 $ 0.46 $ (0.13 ) $ 0.16 201 5 (Unaudited) Mar. 31 Jun . 30 Sept. 30 Dec. 31 Revenues from rental properties $ 275,506 $ 289,080 $ 283,387 $ 296,501 Net income attributable to the Company $ 310,342 $ 127,000 $ 77,572 $ 379,201 Net income per common share: Basic $ 0.72 $ 0.27 $ 0.15 $ 0.87 Diluted $ 0.71 $ 0.27 $ 0.15 $ 0.87 |
Note 25 - Captive Insurance Com
Note 25 - Captive Insurance Company | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Captive Insurance Disclosure [Text Block] | 25. Captive Insurance Company : In October 2007, third third may third may tenants KIC assumes occurrence basis general liability coverage for the Company and its affiliates under the terms of a reinsurance agreement entered into by KIC and the reinsurance provider. From October 1, 2007 October 1, 2017, 100% first $250,000 $7.8 $11.5 9.5% 12.2% September 30, 2008 September 30, 2017. As of December 31, 2016 2015, $23.0 December 31, 2016, February 15, 2018, one Activity in the liability for unpaid losses and loss adjustment expenses for the years ended December 31, 2016 2015, 201 6 201 5 Balance at the beginning of the year $ 20,046 $ 18,078 Incurred related to: Current year 6,247 7,469 Prior years (67 ) 652 Total incurred 6,180 8,121 Paid related to: Current year (962 ) (1,214 ) Prior years (5,749 ) (4,939 ) Total paid (6,711 ) (6,153 ) Balance at the end of the year $ 19,515 $ 20,046 For the years ended December 31, 2016 2015, $0.1 $0.7 |
Schedule II - Valuation and Qua
Schedule II - Valuation and Qualifying Accounts | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Schedule of Valuation and Qualifying Accounts Disclosure [Text Block] | SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS For Years Ended December 31, 2016, 2015 2014 (in thousands) Balance at beginning of period Charged to expenses Adjustments to valuation accounts Deductions Balance at end of period Year Ended December 31, 2016 Allowance for uncollectable accounts $ 13,918 $ 5,249 $ - $ (6,894 ) $ 12,273 Allowance for deferred tax asset $ 27,905 $ - $ 67,221 $ - $ 95,126 Year Ended December 31, 2015 Allowance for uncollectable accounts $ 10,368 $ 7,333 $ - $ (3,783 ) $ 13,918 Allowance for deferred tax asset $ 34,302 $ - $ (6,397 ) $ - $ 27,905 Year Ended December 31, 2014 Allowance for uncollectable accounts $ 10,771 $ 3,886 $ - $ (4,289 ) $ 10,368 Allowance for deferred tax asset $ 63,712 $ - $ (29,410 ) $ - $ 34,302 |
Schedule III - Real Estate and
Schedule III - Real Estate and Accumulated Depreciation | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Text Block] | KIMCO REALTY CORPORATION AND SUBSIDIARIES SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION December 31, 2016 INITIAL COST TOTAL COST, BUILDING SUBSEQUENT BUILDING ACCUMULATED NET OF ACCUMULATED DATE OF DATE OF LAND & IMPROVEMENT TO ACQUISITION LAND & IMPROVEMENT TOTAL DEPRECIATION DEPRECIATION ENCUMBRANCES ACQUISITION(A) CONSTRUCTION(C) KEY BANK BUILDING 1,500,000 40,486,755 (12,256,024) 672,719 29,058,012 29,730,731 18,250,563 11,480,168 - 2006 THE GROVE 18,951,763 6,403,809 2,321,874 6,793,454 20,883,992 27,677,446 6,572,921 21,104,525 - 2007 EL MIRAGE 6,786,441 503,987 130,064 6,786,441 634,051 7,420,492 73,155 7,347,337 - 2008 TALAVI TOWN CENTER 8,046,677 17,291,542 394,536 8,046,677 17,686,078 25,732,755 10,390,068 15,342,687 - 2007 MESA PAVILIONS NORTH 6,060,018 35,955,005 24,517 6,060,018 35,979,522 42,039,540 7,909,208 34,130,332 - 2009 MESA RIVERVIEW 15,000,000 - 139,963,982 307,992 154,655,990 154,963,982 48,059,971 106,904,011 - 2005 MESA PAVILLIONS - SOUTH - 148,508 99,649 - 248,157 248,157 96,454 151,703 - 2011 METRO SQUARE 4,101,017 16,410,632 1,249,341 4,101,017 17,659,973 21,760,990 8,377,898 13,383,092 - 1998 HAYDEN PLAZA NORTH 2,015,726 4,126,509 5,114,019 2,015,726 9,240,528 11,256,254 4,030,084 7,226,170 - 1998 PLAZA DEL SOL 5,324,502 21,269,943 2,164,169 4,577,870 24,180,744 28,758,614 8,268,728 20,489,886 - 1998 PLAZA MOUNTAINSIDE 2,450,341 9,802,046 1,809,711 2,450,341 11,611,757 14,062,098 5,707,659 8,354,439 - 1997 VILLAGE CROSSROADS 5,662,554 24,981,223 607,424 5,662,554 25,588,647 31,251,201 4,248,058 27,003,143 - 2011 NORTH VALLEY 6,861,564 18,200,901 6,140,408 3,861,272 27,341,601 31,202,873 4,277,047 26,925,826 - 2011 CHRISTOWN SPECTRUM 33,831,349 91,004,070 12,655,279 76,638,512 60,852,186 137,490,698 5,027,963 132,462,735 63,919,515 2015 ASANTE RETAIL CENTER 8,702,635 3,405,683 2,866,807 11,039,471 3,935,654 14,975,125 422,495 14,552,630 - 2004 SURPRISE SPECTRUM 4,138,760 94,572 1,035 4,138,760 95,607 4,234,367 11,331 4,223,036 - 2008 BELL CAMINO CENTER 2,427,465 6,439,065 209,620 2,427,465 6,648,685 9,076,150 1,662,105 7,414,045 - 2012 COLLEGE PARK SHOPPING CENTER 3,276,952 7,741,323 937,255 3,276,952 8,678,578 11,955,530 2,032,716 9,922,814 - 2011 COSTCO PLAZA - 541 4,995,639 19,982,557 454,041 4,995,639 20,436,598 25,432,237 9,919,333 15,512,904 - 1998 BROOKHURST CENTER 10,492,714 31,357,513 - 10,492,715 31,357,512 41,850,227 170,330 41,679,897 - 2016 LAKEWOOD PLAZA 1,294,176 3,669,266 (90,654) - 4,872,788 4,872,788 1,253,991 3,618,797 - 2014 MADISON PLAZA 5,874,396 23,476,190 2,639,269 5,874,395 26,115,460 31,989,855 11,883,068 20,106,787 - 1998 BROADWAY PLAZA - 544 6,460,743 25,863,153 12,015,147 6,460,743 37,878,300 44,339,043 15,834,816 28,504,227 - 1998 CORONA HILLS PLAZA 13,360,965 53,373,453 7,747,951 13,360,965 61,121,404 74,482,369 30,140,783 44,341,586 - 1998 280 METRO CENTER 38,734,566 94,903,404 978,329 38,734,567 95,881,732 134,616,299 8,594,553 126,021,746 - 2015 LABAND VILLAGE SHOPPING CENTER 5,600,000 13,289,347 161,263 5,607,237 13,443,373 19,050,610 7,224,966 11,825,644 8,089,040 2008 CUPERTINO VILLAGE 19,886,099 46,534,919 21,651,908 19,886,099 68,186,827 88,072,926 18,539,471 69,533,455 - 2006 NORTH COUNTY PLAZA 10,205,305 28,934,219 (1,428,787) 20,894,811 16,815,926 37,710,737 2,511,204 35,199,533 - 2014 CHICO CROSSROADS 9,975,810 30,534,524 1,278,945 9,985,651 31,803,628 41,789,279 8,872,060 32,917,219 - 2008 CHICO EAST & ESPLANADE(RALEYS) 2,508,716 12,886,184 (1,312,384) 2,284,856 11,797,660 14,082,516 687,471 13,395,045 3,994,238 2015 CORONA HILLS MARKETPLACE 9,727,446 24,778,390 667,593 9,727,446 25,445,983 35,173,429 8,199,536 26,973,893 - 2007 RIVER PARK CROSSING 4,324,000 18,018,653 1,136,480 4,324,000 19,155,133 23,479,133 3,859,696 19,619,437 - 2009 CREEKSIDE CENTER 3,870,823 11,562,580 - 3,870,823 11,562,580 15,433,403 62,601 15,370,802 - 2016 GOLD COUNTRY CENTER 3,272,212 7,864,878 29,687 3,278,290 7,888,487 11,166,777 3,425,408 7,741,369 - 2008 LA MIRADA THEATRE CENTER 8,816,741 35,259,965 (3,469,732) 6,888,680 33,718,294 40,606,974 14,838,975 25,767,999 - 1998 KENNETH HAHN PLAZA 4,114,863 7,660,855 880,557 4,114,863 8,541,412 12,656,275 3,046,335 9,609,940 - 2010 LA VERNE TOWN CENTER 8,414,328 23,856,418 10,840,420 16,362,169 26,748,997 43,111,166 2,401,901 40,709,265 - 2014 LINCOLN HILLS TOWN CENTER 8,228,587 26,127,322 28,378 8,228,586 26,155,701 34,384,287 2,281,415 32,102,872 24,416,451 2015 NOVATO FAIR S.C. 9,259,778 15,599,790 723,259 9,259,778 16,323,049 25,582,827 5,779,281 19,803,546 - 2009 SOUTH NAPA MARKET PLACE 1,100,000 22,159,086 20,615,121 23,119,071 20,755,136 43,874,207 9,867,595 34,006,612 - 2006 PLAZA DI NORTHRIDGE 12,900,000 40,574,842 892,428 12,900,000 41,467,270 54,367,270 14,601,761 39,765,509 - 2005 LINDA MAR SHPPING CENTER 16,548,592 37,521,194 1,418,767 16,548,592 38,939,961 55,488,553 5,972,288 49,516,265 - 2014 POWAY CITY CENTRE 5,854,585 13,792,470 8,378,985 7,247,813 20,778,227 28,026,040 8,030,783 19,995,257 - 2005 REDWOOD CITY PLAZA 2,552,000 6,215,168 5,900,877 2,552,000 12,116,045 14,668,045 1,083,976 13,584,069 - 2009 STANFORD RANCH 10,583,764 30,007,231 (1,670,000) 9,982,626 28,938,369 38,920,995 2,938,618 35,982,377 14,751,853 2014 TYLER STREET PLAZA 3,020,883 7,811,339 (12,456) 3,200,516 7,619,250 10,819,766 2,612,860 8,206,906 - 2008 CROCKER RANCH 7,526,146 24,877,611 16,984 7,526,146 24,894,595 32,420,741 1,545,850 30,874,891 11,237,112 2015 HOME DEPOT PLAZA 4,592,364 18,345,258 - 4,592,365 18,345,257 22,937,622 8,870,544 14,067,078 - 1998 SANTEE TROLLEY SQUARE 40,208,683 62,963,757 535,614 40,208,683 63,499,371 103,708,054 13,018,268 90,689,786 - 2015 SAN/DIEGO CARMEL MOUNTAIN 5,322,600 8,873,991 88,334 5,322,600 8,962,325 14,284,925 2,125,865 12,159,060 - 2009 FULTON MARKET PLACE 2,966,018 6,920,710 1,237,558 2,966,018 8,158,268 11,124,286 2,988,086 8,136,200 - 2005 MARIGOLD SHOPPING CENTER 15,300,000 25,563,978 4,183,111 15,300,000 29,747,089 45,047,089 14,620,807 30,426,282 - 2005 CANYON SQUARE PLAZA 2,648,112 13,876,095 978,581 2,648,112 14,854,676 17,502,788 2,484,006 15,018,782 - 2013 BLACK MOUNTAIN VILLAGE 4,678,015 11,913,344 684,763 4,678,014 12,598,108 17,276,122 4,228,513 13,047,609 - 2007 RANCHO PENASQUITOS TOWNE CTR I 14,851,595 20,342,165 304,024 14,851,595 20,646,189 35,497,784 1,745,657 33,752,127 14,384,811 2015 RANCHO PENASQUITOS TWN CTR. II 12,944,972 20,323,961 177,977 12,944,972 20,501,938 33,446,910 1,794,662 31,652,248 11,038,466 2015 CITY HEIGHTS 10,687,472 28,324,896 (752,643) 13,908,563 24,351,162 38,259,725 2,778,412 35,481,313 - 2012 TRUCKEE CROSSROADS 2,140,000 8,255,753 1,146,729 2,140,000 9,402,482 11,542,482 5,382,067 6,160,415 2,340,536 2006 GATEWAY AT DONNER PASS 4,515,688 8,318,667 226,813 4,515,688 8,545,480 13,061,168 997,166 12,064,002 2,719,649 2015 WESTLAKE SHOPPING CENTER 16,174,307 64,818,562 99,467,618 16,174,307 164,286,180 180,460,487 48,298,485 132,162,002 - 2002 LAKEWOOD VILLAGE 8,597,100 24,374,615 (1,241,442) 11,683,364 20,046,909 31,730,273 2,648,966 29,081,307 - 2014 SAVI RANCH 7,295,646 29,752,511 126,568 7,295,646 29,879,079 37,174,725 4,753,605 32,421,120 - 2012 VILLAGE ON THE PARK 2,194,463 8,885,987 9,224,144 3,018,391 17,286,203 20,304,594 5,791,482 14,513,112 - 1998 QUINCY PLACE S.C. 1,148,317 4,608,249 1,611,804 1,148,318 6,220,052 7,368,370 2,869,681 4,498,689 - 1998 EAST BANK S.C. 1,500,568 6,180,103 1,873,781 1,500,568 8,053,884 9,554,452 3,620,475 5,933,977 - 1998 NORTHRIDGE SHOPPING CENTER 4,932,690 16,496,176 1,722,954 8,934,385 14,217,435 23,151,820 1,758,919 21,392,901 - 2013 SPRING CREEK S.C. 1,423,260 5,718,813 (1,654,650) 603,270 4,884,153 5,487,423 3,549,720 1,937,703 - 1998 DENVER WEST 38TH STREET 161,167 646,983 69 161,167 647,052 808,219 313,795 494,424 - 1998 ENGLEWOOD PLAZA 805,837 3,232,650 442,081 805,836 3,674,732 4,480,568 1,798,011 2,682,557 - 1998 FORT COLLINS S.C. 1,253,497 7,625,278 1,599,607 1,253,496 9,224,886 10,478,382 3,647,392 6,830,990 - 2000 GREELEY COMMONS 3,313,095 20,069,559 104,137 3,313,095 20,173,696 23,486,791 3,605,618 19,881,173 - 2012 HIGHLANDS RANCH VILLAGE S.C. 8,135,427 21,579,936 (659,420) 5,337,081 23,718,862 29,055,943 3,641,248 25,414,695 - 2011 VILLAGE CENTER WEST 2,010,519 8,361,085 60,687 2,010,520 8,421,771 10,432,291 1,248,737 9,183,554 5,503,328 2011 HIGHLANDS RANCH II 3,514,837 11,755,916 204,961 3,514,837 11,960,877 15,475,714 2,272,093 13,203,621 - 2013 HIGHLANDS RANCH PARCEL 1,140,000 2,660,000 64,239 1,140,000 2,724,239 3,864,239 120,726 3,743,513 - 2014 HERITAGE WEST S.C. 1,526,576 6,124,074 1,126,064 1,526,576 7,250,138 8,776,714 3,320,154 5,456,560 - 1998 MARKET AT SOUTHPARK 9,782,769 20,779,522 264,140 9,782,769 21,043,662 30,826,431 3,881,881 26,944,550 - 2011 NEWTOWN S.C. - 15,635,442 - - 15,635,442 15,635,442 1,421,090 14,214,352 8,502,201 2014 WEST FARM SHOPPING CENTER 5,805,969 23,348,024 14,403,752 7,585,116 35,972,629 43,557,745 13,063,627 30,494,118 - 1998 HAMDEN MART 13,668,167 40,890,166 - 13,668,167 40,890,166 54,558,333 221,050 54,337,283 22,404,073 2016 HOME DEPOT PLAZA 7,704,968 30,797,640 2,712,557 7,704,968 33,510,197 41,215,165 13,564,341 27,650,824 - 1998 WILTON RIVER PARK SHOPPING CTR 7,154,585 27,509,279 (224,537) 7,154,585 27,284,742 34,439,327 3,581,639 30,857,688 - 2012 BRIGHT HORIZONS 1,211,748 4,610,610 9,499 1,211,748 4,620,109 5,831,857 684,714 5,147,143 - 2012 WILTON CAMPUS 10,168,872 31,893,016 254,233 10,168,872 32,147,249 42,316,121 6,500,963 35,815,158 - 2013 CAMDEN SQUARE 122,741 66,738 4,309,722 3,024,375 1,474,826 4,499,201 155,208 4,343,993 - 2003 PROMENADE AT CHRISTIANA 14,371,686 - 11,148,877 25,520,563 - 25,520,563 - 25,520,563 - 2014 BRANDYWINE COMMONS - 36,057,487 (505,731) - 35,551,756 35,551,756 3,276,507 32,275,249 - 2014 CAMINO SQUARE 573,875 2,295,501 2,665,024 733,875 4,800,525 5,534,400 3,636,784 1,897,616 - 1992 BONITA GRANDE CROSSINGS 3,370,941 8,179,481 52,500 3,370,941 8,231,981 11,602,922 668,033 10,934,889 - 2015 HOLLYWOOD VIDEO BONITA GRANDE 341,958 771,935 - 341,958 771,935 1,113,893 68,673 1,045,220 - 2015 CORAL SQUARE PROMENADE 710,000 2,842,907 3,993,496 710,000 6,836,403 7,546,403 3,565,857 3,980,546 - 1994 MAPLEWOOD PLAZA 1,649,000 6,626,301 1,161,119 1,649,000 7,787,420 9,436,420 3,541,619 5,894,801 - 1997 CURLEW CROSSING SHOPPING CTR 5,315,955 12,529,467 2,107,472 5,315,954 14,636,940 19,952,894 5,461,751 14,491,143 - 2005 SHOPS AT SANTA BARBARA PHASE 1 743,463 5,373,994 - 743,463 5,373,994 6,117,457 462,609 5,654,848 - 2015 SHOPS AT SANTA BARBARA PHASE 2 331,692 2,488,832 - 331,692 2,488,832 2,820,524 200,524 2,620,000 - 2015 SHOPS AT SANTA BARBARA PHASE 3 329,726 2,358,700 (12,082) 329,726 2,346,618 2,676,344 217,112 2,459,232 - 2015 CORAL POINTE S.C. 2,411,608 20,507,735 (25,164) 2,411,608 20,482,571 22,894,179 1,580,664 21,313,515 - 2015 PUBLIX AT ADDISON 3,211,156 6,747,895 - 3,211,156 6,747,895 9,959,051 350,697 9,608,354 - 2015 ADDISON CENTER PROF.BUILDING 802,789 1,310,012 (45,779) 802,789 1,264,233 2,067,022 75,322 1,991,700 - 2015 DANIA POINTE 105,113,024 - 2,000,000 107,113,024 - 107,113,024 - 107,113,024 - 2016 FT.LAUDERDALE/CYPRESS CREEK 14,258,760 28,042,390 2,415,038 14,258,760 30,457,428 44,716,188 9,171,140 35,545,048 - 2009 HOMESTEAD-WACHTEL LAND LEASE 150,000 - - 150,000 - 150,000 - 150,000 - 2013 OAKWOOD PLAZA NORTH 35,300,961 141,731,019 - 35,300,961 141,731,019 177,031,980 4,333,815 172,698,165 100,000,000 2016 OAKWOOD PLAZA SOUTH 11,126,610 40,592,103 - 11,126,610 40,592,103 51,718,713 1,487,871 50,230,842 - 2016 OAKWOOD BUSINESS CTR-BLDG 1 6,792,500 18,662,565 3,027,668 6,792,500 21,690,233 28,482,733 5,592,134 22,890,599 - 2009 AMELIA CONCOURSE 7,600,000 - 2,508,435 676,791 9,431,644 10,108,435 2,819,327 7,289,108 - 2003 KIMCO AVENUES WALK, LLC 26,984,546 - 47,260,955 29,784,056 44,461,445 74,245,501 63,344 74,182,157 - 2005 DUVAL STATION S.C. 1,807,792 11,863,692 114,840 1,807,792 11,978,532 13,786,324 828,285 12,958,039 - 2015 RIVERPLACE SHOPPING CTR. 7,503,282 31,011,027 1,375,379 7,200,050 32,689,638 39,889,688 8,655,946 31,233,742 - 2010 MERCHANTS WALK 2,580,816 10,366,090 6,496,524 2,580,816 16,862,614 19,443,430 7,283,589 12,159,841 - 2001 WAL-MART PLAZA 293,686 792,119 1,726,636 293,686 2,518,755 2,812,441 2,210,865 601,576 - 1968 LEESBURG SHOPS - 171,636 193,651 - 365,287 365,287 365,287 - - 1969 TRI-CITY PLAZA 2,832,296 11,329,185 19,606,325 2,832,296 30,935,510 33,767,806 2,730,210 31,037,596 - 1992 FT LAUDERDALE #1, FL 1,002,733 2,602,415 12,831,516 1,774,443 14,662,221 16,436,664 9,613,856 6,822,808 - 1974 LAKE WALES S.C. 601,052 - - 601,052 - 601,052 - 601,052 - 2009 NASA PLAZA - 1,754,000 2,653,265 - 4,407,265 4,407,265 3,243,997 1,163,268 - 1968 GROVE GATE S.C. 365,893 1,049,172 1,207,100 365,893 2,256,272 2,622,165 1,959,640 662,525 - 1968 CHEVRON OUTPARCEL 530,570 1,253,410 - 530,570 1,253,410 1,783,980 334,762 1,449,218 - 2010 IVES DAIRY CROSSING 732,914 4,080,460 11,065,138 732,914 15,145,598 15,878,512 9,101,199 6,777,313 - 1985 MILLER ROAD S.C. 1,138,082 4,552,327 4,535,416 1,138,082 9,087,743 10,225,825 5,760,824 4,465,001 - 1986 TRI-CITIES SHOPPING PLAZA 1,011,000 4,062,890 3,190,909 1,011,000 7,253,799 8,264,799 596,772 7,668,027 - 1997 KENDALE LAKES PLAZA 18,491,461 28,496,001 (2,055,786) 15,362,227 29,569,449 44,931,676 6,605,625 38,326,051 - 2009 PLANTATION CROSSING 7,524,800 - (5,003,280) 2,008,617 512,903 2,521,520 91,054 2,430,466 - 2005 CENTRE OF MERRITT 1,806,275 9,592,435 - 1,806,275 9,592,435 11,398,710 623,343 10,775,367 - 2015 MILLER WEST PLAZA 6,725,660 10,661,420 - 6,725,660 10,661,420 17,387,080 774,598 16,612,482 - 2015 CORSICA SQUARE S.C. 7,225,100 10,757,386 112,000 7,225,100 10,869,386 18,094,486 918,110 17,176,376 10,840,743 2015 MILTON, FL 1,275,593 - - 1,275,593 - 1,275,593 - 1,275,593 - 2007 FLAGLER PARK 26,162,980 80,737,041 3,482,952 26,725,480 83,657,493 110,382,973 20,442,791 89,940,182 - 2007 PARK HILL PLAZA 10,763,612 19,264,248 187,262 10,763,612 19,451,510 30,215,122 3,784,223 26,430,899 - 2011 WINN DIXIE-MIAMI 2,989,640 9,410,360 (51,872) 3,544,297 8,803,831 12,348,128 677,157 11,670,971 - 2013 MARATHON SHOPPING CENTER 2,412,929 8,069,450 1,013,493 1,514,731 9,981,141 11,495,872 1,112,710 10,383,162 - 2013 SODO S.C. - 68,139,271 8,283,273 142,195 76,280,349 76,422,544 16,306,907 60,115,637 - 2008 RENAISSANCE CENTER 9,104,379 36,540,873 14,913,118 9,122,758 51,435,612 60,558,370 17,171,361 43,387,009 - 1998 MILLENIA PLAZA PHASE II 7,711,000 20,702,992 1,650,193 7,698,200 22,365,985 30,064,185 7,880,425 22,183,760 - 2009 RIVERSIDE LANDINGS S.C. 3,512,202 14,439,668 96,924 3,512,202 14,536,592 18,048,794 1,012,519 17,036,275 - 2015 GRAND OAKS VILLAGE 7,409,319 19,653,869 (627,365) 5,846,339 20,589,484 26,435,823 3,451,536 22,984,287 - 2011 LOWES S.C. 1,620,203 - 40,689 954,876 706,016 1,660,892 125,514 1,535,378 - 2007 POMPANO POINTE S.C. 10,516,500 10,469,592 530,900 10,516,500 11,000,492 21,516,992 456,268 21,060,724 - 2012 UNIVERSITY TOWN CENTER 5,515,265 13,041,400 426,693 5,515,265 13,468,093 18,983,358 2,378,907 16,604,451 - 2011 PALM BEACH GARDENS 2,764,953 11,059,812 668,875 2,764,953 11,728,687 14,493,640 1,551,717 12,941,923 - 2009 OAK TREE PLAZA - 917,360 1,562,941 - 2,480,301 2,480,301 1,264,152 1,216,149 - 1968 TUTTLEBEE PLAZA 254,961 828,465 2,142,270 254,961 2,970,735 3,225,696 2,193,861 1,031,835 - 2008 SOUTH MIAMI S.C. 1,280,440 5,133,825 3,121,059 1,280,440 8,254,884 9,535,324 4,254,038 5,281,286 - 1995 CARROLLWOOD COMMONS 5,220,445 16,884,228 2,339,166 5,220,445 19,223,394 24,443,839 8,996,615 15,447,224 - 1997 VILLAGE COMMONS SHOPPING CENT. 2,192,331 8,774,158 2,760,666 2,192,331 11,534,824 13,727,155 5,417,404 8,309,751 - 1998 MISSION BELL SHOPPING CENTER 5,056,426 11,843,119 8,634,466 5,067,033 20,466,978 25,534,011 6,509,898 19,024,113 - 2004 VILLAGE COMMONS S.C. 2,026,423 5,106,476 1,923,704 2,026,423 7,030,180 9,056,603 1,236,632 7,819,971 - 2013 BELMART PLAZA 1,656,097 3,394,420 5,585,602 1,656,097 8,980,022 10,636,119 403,154 10,232,965 - 2014 AUGUSTA SQUARE 1,482,564 5,928,122 2,007,334 1,482,564 7,935,456 9,418,020 4,260,861 5,157,159 - 1995 MARKET AT HAYNES BRIDGE 4,880,659 21,549,424 1,238,043 4,889,863 22,778,263 27,668,126 6,751,969 20,916,157 - 2008 EMBRY VILLAGE 18,147,054 33,009,514 908,584 18,160,525 33,904,627 52,065,152 17,260,605 34,804,547 - 2008 PERIMETER EXPO PROPERTY 14,770,275 44,295,457 - 14,770,275 44,295,457 59,065,732 477,748 58,587,984 40,983,821 2016 RIVERWALK MARKETPLACE 3,512,202 18,862,571 - 3,512,202 18,862,571 22,374,773 995,324 21,379,449 - 2015 VILLAGE SHOPPES-FLOWERY BRANCH 4,444,148 10,510,657 303,983 4,444,148 10,814,640 15,258,788 2,395,174 12,863,614 - 2011 LAWRENCEVILLE MARKET 8,878,266 29,691,191 (44,182) 9,060,436 29,464,839 38,525,275 4,125,715 34,399,560 - 2013 FIVE FORKS CROSSING 2,363,848 7,906,257 372,465 2,363,848 8,278,722 10,642,570 1,646,665 8,995,905 - 2013 BRAELINN VILLAGE 7,314,719 20,738,792 1,149,049 6,342,926 22,859,634 29,202,560 2,185,264 27,017,296 - 2014 SAVANNAH CENTER 2,052,270 8,232,978 3,599,399 2,052,270 11,832,377 13,884,647 6,520,291 7,364,356 - 1993 CHATHAM PLAZA 13,390,238 35,115,882 2,092,634 13,403,262 37,195,492 50,598,754 12,496,124 38,102,630 - 2008 CLIVE PLAZA 500,525 2,002,101 - 500,525 2,002,101 2,502,626 1,073,777 1,428,849 - 1996 DUBUQUE CENTER - 2,152,476 239,217 - 2,391,693 2,391,693 1,516,782 874,911 - 1997 TREASURE VALLEY 6,501,240 - (4,284,637) 1,110,530 1,106,073 2,216,603 127,733 2,088,870 - 2005 BLOOMINGTON COMMONS 805,521 2,222,353 4,494,864 805,521 6,717,217 7,522,738 4,816,390 2,706,348 - 1972 87TH STREET CENTER - 2,687,046 8,092,727 6,992,648 3,787,125 10,779,773 2,284,313 8,495,460 - 1997 ELSTON CHICAGO 1,010,374 5,692,212 498,828 1,010,374 6,191,040 7,201,414 2,763,188 4,438,226 - 1997 DOWNERS PARK PLAZA 2,510,455 10,164,494 1,967,032 2,510,455 12,131,526 14,641,981 5,418,098 9,223,883 - 1999 DOWNERS PARK PLAZA 811,778 4,322,956 3,348,460 811,778 7,671,416 8,483,194 3,600,499 4,882,695 - 1997 TOWN & COUNTRY S.C. 842,555 2,108,674 2,767,311 500,927 5,217,613 5,718,540 3,320,591 2,397,949 - 1972 FAIRVIEW CITY CENTRE - 11,866,880 12,943,654 1,900,000 22,910,534 24,810,534 1,853,323 22,957,211 - 1998 SHOPS AT KILDEER 5,259,542 28,141,501 2,486,761 5,259,542 30,628,262 35,887,804 4,422,498 31,465,306 - 2013 MOUNT PROSPECT CENTER 1,017,345 6,572,176 4,047,329 1,017,345 10,619,505 11,636,850 5,762,647 5,874,203 - 1997 MUNDELEIN SHOPPING CENTER 1,127,720 5,826,129 136,968 1,129,634 5,961,183 7,090,817 2,800,456 4,290,361 - 1998 MARKETPLACE OF OAKLAWN - 678,668 108,483 - 787,151 787,151 714,718 72,433 - 1998 OAK LAWN CENTER 1,530,111 8,776,631 666,590 1,530,111 9,443,221 10,973,332 4,656,435 6,316,897 - 1997 22ND STREET PLAZA 1,527,188 8,679,108 4,081,004 1,527,188 12,760,112 14,287,300 5,611,968 8,675,332 - 1997 ROCKFORD CROSSINGS 4,575,990 11,654,022 (2,628,093) 3,816,080 9,785,839 13,601,919 3,208,253 10,393,666 - 2008 SKOKIE POINTE - 2,276,360 9,487,443 2,628,440 9,135,363 11,763,803 3,686,787 8,077,016 - 1997 HAWTHORN HILLS SQUARE 6,783,928 33,033,624 4,028,883 6,783,928 37,062,507 43,846,435 6,266,665 37,579,770 19,375,231 2012 WOODGROVE FESTIVAL 5,049,149 20,822,993 5,130,768 4,805,866 26,197,044 31,002,910 12,562,704 18,440,206 - 1998 GROVE PARCEL 907,291 2,240,810 - 907,291 2,240,810 3,148,101 216,402 2,931,699 - 2016 WOODRIDGE PAD 702,757 1,746,223 - 702,757 1,746,223 2,448,980 81,704 2,367,276 - 2016 GREENWOOD S.C. 423,371 1,883,421 10,388,475 1,801,822 10,893,445 12,695,267 4,145,861 8,549,406 - 1970 SOUTH PARK S.C. 1,675,031 6,848,209 6,362,777 1,551,079 13,334,938 14,886,017 7,913,763 6,972,254 - 1993 CENTRE AT WESTBANK 9,554,230 24,401,082 1,070,226 9,329,880 25,695,658 35,025,538 8,296,073 26,729,465 18,533,743 2008 AMBASSADOR PLAZA 1,803,672 4,260,966 251,561 1,796,972 4,519,227 6,316,199 1,186,224 5,129,975 4,374,638 2010 EAST SIDE PLAZA 3,295,799 7,785,942 180,773 3,295,635 7,966,879 11,262,514 2,197,127 9,065,387 - 2010 ABINGTON PLAZA 10,457,183 494,652 - 10,457,183 494,652 10,951,835 89,429 10,862,406 4,387,721 2014 WASHINGTON ST.PLAZA 11,007,593 5,652,368 8,851,085 12,957,593 12,553,453 25,511,046 878,925 24,632,121 5,914,448 2014 MEMORIAL PLAZA 16,411,388 27,553,908 323,380 16,411,388 27,877,288 44,288,676 2,467,356 41,821,320 16,309,360 2014 MAIN ST. PLAZA 555,898 2,139,494 - 555,898 2,139,494 2,695,392 215,377 2,480,015 1,375,084 2014 MORRISSEY PLAZA 4,097,251 3,751,068 - 4,097,251 3,751,068 7,848,319 505,455 7,342,864 3,150,546 2014 GLENDALE SQUARE 4,698,891 7,141,090 133,070 4,698,891 7,274,160 11,973,051 920,547 11,052,504 5,647,196 2014 FALMOUTH PLAZA 2,361,071 13,065,817 334,684 2,361,071 13,400,501 15,761,572 1,276,155 14,485,417 7,946,761 2014 WAVERLY PLAZA 1,215,005 3,622,911 5,426 1,203,205 3,640,137 4,843,342 443,908 4,399,434 2,317,720 2014 BARRINGTON PLAZA S.C. 642,170 2,547,830 7,667,513 751,124 10,106,389 10,857,513 4,923,540 5,933,973 - 1994 FESTIVAL OF HYANNIS S.C. 15,038,197 40,682,853 948,247 15,038,197 41,631,100 56,669,297 5,524,945 51,144,352 - 2014 FELLSWAY PLAZA 5,300,388 11,013,543 92,558 5,300,388 11,106,101 16,406,489 1,145,971 15,260,518 6,742,131 2014 DEL ALBA PLAZA 3,163,033 8,967,874 19,995 3,163,033 8,987,869 12,150,902 665,099 11,485,803 7,942,609 2014 NORTH QUINCY PLAZA 6,332,542 17,954,110 (782,383) 3,894,436 19,609,833 23,504,269 1,591,805 21,912,464 - 2014 ADAMS PLAZA 2,089,363 3,226,648 248,359 2,089,363 3,475,007 5,564,370 307,934 5,256,436 1,870,765 2014 BROADWAY PLAZA 6,485,065 343,422 - 6,485,065 343,422 6,828,487 67,420 6,761,067 2,870,966 2014 SHREWSBURY S.C. 1,284,168 5,284,853 5,466,855 1,284,168 10,751,708 12,035,876 4,277,257 7,758,619 - 2000 VINNIN SQUARE PLAZA 5,545,425 16,324,060 (214,252) 5,545,425 16,109,808 21,655,233 2,032,293 19,622,940 9,173,706 2014 PARADISE PLAZA 4,183,038 12,194,885 536,224 4,183,038 12,731,109 16,914,147 1,470,800 15,443,347 8,865,650 2014 BELMONT PLAZA 11,104,983 848,844 - 11,104,983 848,844 11,953,827 112,244 11,841,583 5,237,954 2014 VINNIN SQUARE IN-LINE 582,228 2,094,560 (109,616) 582,228 1,984,944 2,567,172 196,341 2,370,831 - 2014 LINDEN PLAZA 4,628,215 3,535,431 437,334 4,628,215 3,972,765 8,600,980 555,369 8,045,611 3,527,131 2014 NORTH AVE. PLAZA 1,163,875 1,194,673 15,933 1,163,875 1,210,606 2,374,481 149,740 2,224,741 897,489 2014 WASHINGTON ST. S.C. 7,380,918 9,987,119 391,907 7,380,918 10,379,026 17,759,944 887,059 16,872,885 6,286,514 2014 MILL ST. PLAZA 4,195,024 6,203,410 205,071 4,195,024 6,408,481 10,603,505 821,636 9,781,869 4,110,675 2014 FULLERTON PLAZA 14,237,901 6,743,980 (352,777) 14,237,901 6,391,203 20,629,104 855,593 19,773,511 12,551,399 2014 GREENBRIER S.C. 8,891,468 30,304,760 (48,812) 8,891,468 30,255,948 39,147,416 2,842,793 36,304,623 12,488,817 2014 INGLESIDE S.C. 10,416,726 17,889,235 (156,601) 10,416,726 17,732,634 28,149,360 2,186,844 25,962,516 19,320,814 2014 ROLLING ROAD PLAZA 2,510,395 11,930,217 (82,994) 2,508,715 11,848,903 14,357,618 904,646 13,452,972 - 2015 SECURITY SQUARE SHOPPING CTR. 5,342,463 15,147,024 (3,355,446) 4,572,639 12,561,402 17,134,041 1,269,556 15,864,485 16,221,870 2014 WILKENS BELTWAY PLAZA 9,948,235 22,125,942 147,794 9,948,235 22,273,736 32,221,971 2,730,525 29,491,446 - 2014 YORK ROAD PLAZA 4,276,715 37,205,757 29,473 4,276,715 37,235,230 41,511,945 3,247,427 38,264,518 - 2014 PUTTY HILL PLAZA 4,192,152 11,112,111 456,319 4,192,152 11,568,430 15,760,582 2,153,516 13,607,066 - 2013 SNOWDEN SQUARE S.C. 1,929,402 4,557,934 5,155,349 3,326,422 8,316,263 11,642,685 1,213,234 10,429,451 - 2012 COLUMBIA CROSSING 3,612,550 34,344,509 159,554 3,612,550 34,504,063 38,116,613 2,323,495 35,793,118 - 2015 DORSEY'S SEARCH VILLAGE CENTER 6,321,963 27,996,087 (33,532) 6,321,963 27,962,555 34,284,518 1,673,230 32,611,288 - 2015 HICKORY RIDGE 7,183,646 26,947,776 469,483 7,183,646 27,417,259 34,600,905 2,333,408 32,267,497 - 2015 HICKORY RIDGE (SUNOCO) 543,197 2,122,234 - 543,197 2,122,234 2,665,431 174,802 2,490,629 - 2015 KINGS CONTRIVANCE 9,308,349 31,759,940 289,751 9,308,349 32,049,691 41,358,040 2,880,736 38,477,304 23,036,820 2014 HARPER'S CHOICE 8,429,284 18,373,994 246,478 8,429,284 18,620,472 27,049,756 1,475,298 25,574,458 - 2015 WILDE LAKE 1,468,038 5,869,862 22,579,270 2,577,073 27,340,097 29,917,170 8,351,586 21,565,584 - 2002 RIVERHILL VILLAGE CENTER 16,825,496 23,282,222 156,233 16,825,496 23,438,455 40,263,951 2,955,172 37,308,779 22,686,843 2014 OLD BRANCH PLAZA 39,779 130,716 2,026,165 121,747 2,074,913 2,196,660 246,706 1,949,954 - 2003 COLUMBIA CROSSING OUTPARCELS 1,279,200 2,870,800 13,977,613 4,597,200 13,530,413 18,127,613 1,993,683 16,133,930 - 2011 COLUMBIA CROSSING II SHOP.CTR. 3,137,628 19,868,075 2,625,989 3,137,628 22,494,064 25,631,692 3,667,910 21,963,782 - 2013 SHOPS AT DISTRICT HEIGHTS 8,165,638 21,970,661 (1,396,775) 7,298,215 21,441,309 28,739,524 754,538 27,984,986 14,005,190 2015 ENCHANTED FOREST S.C. 20,123,946 34,345,102 145,118 20,123,946 34,490,220 54,614,166 4,157,739 50,456,427 - 2014 SHOPPES AT EASTON 6,523,713 16,402,204 93,697 6,523,713 16,495,901 23,019,614 1,549,799 21,469,815 - 2014 VILLAGES AT URBANA 3,190,074 6,067 13,493,944 4,828,774 11,861,311 16,690,085 1,531,750 15,158,335 - 2003 GAITHERSBURG S.C. 244,890 6,787,534 384,231 244,890 7,171,765 7,416,655 3,110,363 4,306,292 - 1999 KENTLANDS MARKET SQUARE 20,167,048 84,615,052 - 20,167,048 84,615,052 104,782,100 1,569,436 103,212,664 34,521,793 2016 SHAWAN PLAZA 4,466,000 20,222,367 (1,451,885) 4,466,000 18,770,482 23,236,482 10,346,400 12,890,082 4,270,079 2008 LAUREL PLAZA 349,562 1,398,250 3,704,961 1,571,288 3,881,485 5,452,773 1,731,567 3,721,206 - 1995 LAUREL PLAZA 274,580 1,100,968 173,969 274,580 1,274,937 1,549,517 1,156,349 393,168 - 1972 NORTH EAST STATION 8,219,613 9,536,990 (4,446,037) 5,593,160 7,717,406 13,310,566 1,127,040 12,183,526 8,276,083 2014 OWINGS MILLS THEATER/RSTRNTS 23,378,543 1,089,760 16,500,314 39,856,836 1,111,781 40,968,617 67,754 40,900,863 - 2015 CENTRE COURT-RETAIL/BANK 1,035,359 7,785,830 (76,204) 1,035,359 7,709,626 8,744,985 1,175,696 7,569,289 1,907,905 2011 CENTRE COURT-GIANT 3,854,099 12,769,628 - 3,854,099 12,769,628 16,623,727 2,045,590 14,578,137 6,208,957 2011 CENTRE COURT-OLD COURT/COURTYD 2,279,177 5,284,577 (177) 2,279,177 5,284,400 7,563,577 913,182 6,650,395 - 2011 RADCLIFFE CENTER 12,042,713 21,187,946 - 12,042,713 21,187,946 33,230,659 2,067,536 31,163,123 - 2014 TIMONIUM CROSSING 2,525,377 14,862,817 339,960 2,525,377 15,202,777 17,728,154 1,626,614 16,101,540 14,623,506 2014 TIMONIUM SQUARE 6,000,000 24,282,998 14,483,175 7,331,195 37,434,978 44,766,173 15,649,683 29,116,490 - 2003 TOWSON PLACE 43,886,876 101,764,931 613,012 43,270,792 102,994,027 146,264,819 16,147,159 130,117,660 - 2012 MALLSIDE PLAZA 6,930,996 18,148,727 (1,781,449) 5,956,485 17,341,789 23,298,274 6,672,789 16,625,485 - 2008 WHITE LAKE COMMONS 2,300,050 9,249,607 3,264,058 2,300,050 12,513,665 14,813,715 6,292,985 8,520,730 - 1996 DOWNTOWN FARMINGTON CENTER 1,098,426 4,525,723 4,277,242 1,098,426 8,802,965 9,901,391 3,010,957 6,890,434 - 1993 FLINT - VACANT LAND 101,424 - - 101,424 - 101,424 - 101,424 - 2012 CENTURY PLAZA 178,785 925,818 1,224,093 178,785 2,149,911 2,328,696 1,593,653 735,043 - 1968 CROSS CREEK S.C. 1,451,397 5,806,263 647,769 1,451,397 6,454,032 7,905,429 3,662,287 4,243,142 - 1993 GREEN ORCHARD SHOPPING CENTER 3,682,478 14,730,060 5,711,459 3,682,478 20,441,519 24,123,997 9,908,388 14,215,609 - 1993 THE FOUNTAINS AT ARBOR LAKES 28,585,296 66,699,024 13,287,679 29,485,296 79,086,703 108,571,999 24,480,182 84,091,817 - 2006 ROSEVILLE PLAZA 132,842 957,340 9,736,267 1,675,667 9,150,782 10,826,449 1,457,654 9,368,795 - 2005 CREVE COUER SHOPPING CENTER 1,044,598 5,475,623 896,084 960,814 6,455,491 7,416,305 2,959,637 4,456,668 - 1998 NORTH POINT SHOPPING CENTER 1,935,380 7,800,746 933,471 1,935,380 8,734,217 10,669,597 4,077,420 6,592,177 - 1998 KIRKWOOD CROSSING - 9,704,005 14,512,599 - 24,216,604 24,216,604 14,603,879 9,612,725 - 1998 LEMAY S.C. 125,879 503,510 3,846,838 451,155 4,025,072 4,476,227 1,662,327 2,813,900 - 1974 GRAVOIS PLAZA 1,032,416 4,455,514 11,033,266 1,032,413 15,488,783 16,521,196 9,021,664 7,499,532 - 2008 HOME DEPOT PLAZA 431,960 - 758,855 431,960 758,855 1,190,815 307,406 883,409 - 1998 PRIMROSE MARKET PLACE 2,745,595 10,985,778 8,433,741 2,904,022 19,261,092 22,165,114 10,101,312 12,063,802 - 1994 PRIMROSE MARKETPLACE 905,674 3,666,386 5,261,809 905,674 8,928,195 9,833,869 3,206,994 6,626,875 127,225 2002 CENTER POINT S.C. - 550,204 - - 550,204 550,204 357,716 192,488 - 1998 KINGS HIGHWAY S.C. 809,087 4,430,514 2,781,299 809,087 7,211,813 8,020,900 3,372,037 4,648,863 - 1998 OVERLAND CROSSING - 4,928,677 759,896 - 5,688,573 5,688,573 3,156,042 2,532,531 - 1997 CAVE SPRINGS S.C. 1,182,194 7,423,459 7,110,186 1,563,694 14,152,145 15,715,839 10,167,687 5,548,152 - 1997 SPRINGFIELD S.C. - 608,793 11,012,797 8,800,000 2,821,590 11,621,590 1,260,636 10,360,954 - 1998 OVERLOOK VILLAGE 8,276,500 17,249,587 212,226 8,276,500 17,461,813 25,738,313 3,204,115 22,534,198 - 2012 WOODLAWN MARKETPLACE 919,251 3,570,981 2,621,647 919,251 6,192,628 7,111,879 3,174,870 3,937,009 - 2008 TYVOLA SQUARE - 4,736,345 6,968,268 - 11,704,613 11,704,613 8,870,713 2,833,900 - 1986 CROSSROADS PLAZA 767,864 3,098,881 1,233,350 767,864 4,332,231 5,100,095 1,574,024 3,526,071 - 2000 JETTON VILLAGE SHOPPES 3,875,224 10,292,231 263,116 2,143,695 12,286,876 14,430,571 1,761,917 12,668,654 - 2011 MOUNTAIN ISLAND MARKETPLACE 3,318,587 7,331,413 736,014 3,818,587 7,567,427 11,386,014 1,291,311 10,094,703 - 2012 WOODLAWN SHOPPING CENTER 2,010,725 5,833,626 1,550,109 2,010,725 7,383,735 9,394,460 946,605 8,447,855 - 2012 CROSSROADS PLAZA 13,405,529 86,455,763 (540,910) 13,405,529 85,914,853 99,320,382 11,613,154 87,707,228 70,739,527 2014 QUAIL CORNERS 7,318,321 26,675,644 1,326,080 7,318,321 28,001,724 35,320,045 2,468,557 32,851,488 16,975,639 2014 OAKCREEK VILLAGE 1,882,800 7,551,576 2,333,493 1,882,800 9,885,069 11,767,869 5,331,393 6,436,476 - 1996 DAVIDSON COMMONS 2,978,533 12,859,867 194,020 2,978,533 13,053,887 16,032,420 1,849,478 14,182,942 - 2012 SENATE/HILLSBOROUGH CROSSI 519,395 - - 519,395 - 519,395 - 519,395 - 2003 PARK PLACE SC 5,461,478 16,163,494 320,144 5,469,809 16,475,307 21,945,116 6,841,674 15,103,442 - 2008 MOORESVILLE CROSSING 12,013,727 30,604,173 109,598 11,625,801 31,101,697 42,727,498 10,220,209 32,507,289 - 2007 PLEASANT VALLEY PROMENADE 5,208,885 20,885,792 13,796,952 5,208,885 34,682,744 39,891,629 19,390,497 20,501,132 - 1993 WAKEFIELD COMMONS III 6,506,450 - (5,120,646) 1,843,341 (457,537) 1,385,804 221,296 1,164,508 - 2001 WAKEFIELD CROSSINGS 3,413,932 - (3,017,959) 336,236 59,737 395,973 6,960 389,013 - 2001 BRENNAN STATION 7,749,751 20,556,891 (700,646) 6,321,923 21,284,073 27,605,996 4,474,520 23,131,476 - 2011 BRENNAN STATION OUTPARCEL 627,906 1,665,576 (93,482) 450,232 1,749,768 2,200,000 347,904 1,852,096 - 2011 CLOVERDALE PLAZA 540,667 719,655 6,879,635 540,667 7,599,290 8,139,957 3,978,961 4,160,996 - 1969 WEBSTER SQUARE 11,683,145 41,708,383 5,174,840 11,683,145 46,883,223 58,566,368 5,143,811 53,422,557 - 2014 WEBSTER SQUARE NORTH 2,163,138 6,511,424 - 2,163,138 6,511,424 8,674,562 199,146 8,475,416 - 2016 ROCKINGHAM PLAZA-SHAWS PARCEL 2,660,915 10,643,660 14,302,905 3,148,715 24,458,765 27,607,480 11,447,997 16,159,483 - 2008 SHOP RITE PLAZA 2,417,583 6,364,094 1,599,403 2,417,583 7,963,497 10,381,080 7,151,851 3,229,229 - 1985 MARLTON PLAZA - 4,318,534 114,215 - 4,432,749 4,432,749 2,269,505 2,163,244 - 1996 HILLVIEW SHOPPING CENTER 16,007,647 32,607,423 (1,517,229) 16,007,647 31,090,194 47,097,841 3,404,107 43,693,734 25,096,230 2014 GARDEN STATE PAVILIONS 7,530,709 10,801,949 20,360,667 12,203,841 26,489,484 38,693,325 5,290,027 33,403,298 - 2011 CLARK SHOPRITE 70 CENTRAL AVE 3,496,673 11,693,769 994,829 13,959,593 2,225,678 16,185,271 515,706 15,669,565 - 2013 COMMERCE CENTER WEST 385,760 1,290,080 160,534 793,595 1,042,779 1,836,374 218,405 1,617,969 - 2013 COMMERCE CENTER EAST 1,518,930 5,079,690 1,753,865 7,235,196 1,117,289 8,352,485 270,427 8,082,058 - 2013 CENTRAL PLAZA 3,170,465 10,602,845 (186,938) 5,145,167 8,441,205 13,586,372 1,389,217 12,197,155 - 2013 EAST WINDSOR VILLAGE 9,335,011 23,777,978 (728,416) 9,335,011 23,049,562 32,384,573 5,463,964 26,920,609 - 2008 HOLMDEL TOWNE CENTER 10,824,624 43,301,494 7,797,435 10,824,624 51,098,929 61,923,553 18,456,550 43,467,003 - 2002 COMMONS AT HOLMDEL 16,537,556 38,759,952 3,395,971 16,537,556 42,155,923 58,693,479 16,134,863 42,558,616 - 2004 PLAZA AT HILLSDALE 7,601,596 6,994,196 544,603 7,601,596 7,538,799 15,140,395 782,960 14,357,435 6,021,151 2014 MAPLE SHADE - 9,95 |
Schedule IV - Mortgage Loans on
Schedule IV - Mortgage Loans on Real Estate | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Mortgage Loans on Real Estate, by Loan Disclosure [Text Block] | KIMCO REALTY CORPORATION AND SUBSIDIARIES Schedule IV - Mortgage Loans on Real Estate As of December 31, 2016 (in thousands) Type of Loan/Borrower Description Location (c) Interest Accrual Rates Interest Payment Rates Final Maturity Date Periodic Payment Terms (a) Prior Liens Face Amount of Mortgages or Maximum Available Credit (b) Carrying Amount of Mortgages (b) (c) Mortgage Loans: Borrower A Retail Toronto, ON 5.00% 5.00% 7/31/2017 P& I - $ 5,730 $ 5,314 Borrower B Retail Westport, CT 6.50% 6.50% 3/4/2033 I - $ 5,014 $ 5,014 Borrower C Retail Las Vegas, NV 12.00% 12.00% 5/14/2033 I - $ 3,075 $ 3,075 Borrower D Retail Miami, FL 7.57% 7.57% 6/1/2019 P& I - $ 3,966 $ 2,078 Borrower E Retail Miami, FL 7.57% 7.57% 6/1/2019 P& I - $ 4,201 $ 2,037 Borrower F Retail Miami, FL 7.57% 7.57% 6/1/2019 P& I - $ 3,678 $ 1,923 Borrower G Nonretail Oakbrook Terrace, IL 6.00% 6.00% 12/9/2024 I - $ 1,950 $ 1,950 - Individually < 3% (d) (e) (e) (f) - 2,922 1,393 30,536 22,784 Other: Individually < 3% Nonretail 2.28% 2.28% 4/1/2027 600 407 Capitalized loan costs - 6 Total $ 31,136 $ 23,197 (a) I = Interest only; P&I = Principal & Interest (b) The instruments actual cash flows are denominated in U.S. dollars and Canadian dollars as indicated by the geographic location above (c) The aggregate cost for Federal income tax purposes is $23.2 (d) Comprised of four $0.2 $0.4 (e) Interest rates range from 6.88% 9.00% (f) Maturity dates range from October 19, 2019 December 1, 2030 For a reconciliation of mortgage and other financing receivables from January 1, 2014 December 31, 2016 11 10 The Company feels it is not practicable to estimate the fair value of each receivable as quoted market prices are not available. The cost of obtaining an independent valuation on these assets is deemed excessive considering the materiality of the total receivables. |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2016 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Business Kimco Realty Corporation and subsidiaries (the "Company" or "Kimco"), affiliates and related real estate joint ventures are engaged principally in the ownership, management, development and operation of open-air shopping centers, which are anchored generally by discount department stores, grocery stores or drugstores. Additionally, the Company provides complementary services that capitalize on the Company’s established retail real estate expertise. The Company evaluates performance on a property specific or transactional basis and does not distinguish its principal business or group its operations on a geographical basis for purposes of measuring performance. Accordingly, the Company believes it has a single reportable segment for disclosure purposes in accordance with accounting principles generally accepted in the United States of America ("GAAP"). The Company elected status as a Real Estate Investment Trust (“REIT”) for federal income tax purposes beginning in its taxable year January 1, 1992 1999 January 1, 2001, may Effective August 1, 2016, 22 |
Consolidation, Policy [Policy Text Block] | Principles of Consolidation and Estimates The accompanying Consolidated Financial Statements include the accounts of the Company. The Company’s subsidiaries include subsidiaries which are wholly-owned and all entities in which the Company has a controlling interest, including where the Company has been determined to be a primary beneficiary of a variable interest entity (“VIE”) in accordance with the Consolidation guidance of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”). All inter-company balances and transactions have been eliminated in consolidation. GAAP requires the Company's management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities and the reported amounts of revenues and expenses during a reporting period. The most significant assumptions and estimates relate to the valuation of real estate and related intangible assets and liabilities, equity method investments, other investments, including the assessment of impairments, as well as, depreciable lives, revenue recognition, the collectability of trade accounts receivable, realizability of deferred tax assets and the assessment of uncertain tax positions. Application of these assumptions requires the exercise of judgment as to future uncertainties, and, as a result, actual results could differ from these estimates. |
Subsequent Events, Policy [Policy Text Block] | Subsequent Events The Company has evaluated subsequent events and transactions for potential recognition or disclosure in its consolidated financial statements (see Footnote 13 |
Real Estate, Policy [Policy Text Block] | Real Estate Real estate assets are stated at cost, less accumulated depreciation and amortization. Upon acquisition of real estate operating properties, the Company estimates the fair value of acquired tangible assets (consisting of land, building, building improvements and tenant tenant one 2017 01, 805): December 31, 2017, In allocating the purchase price to identified intangible assets and liabilities of an acquired property, the value of above-market and below-market leases is estimated based on the present value of the difference between the contractual amounts, including fixed rate below-market lease renewal options, to be paid pursuant to the leases and management’s estimate of the market lease rates and other lease provisions (i.e., expense recapture, base rental changes, etc.) measured over a period equal to the estimated remaining term of the lease. The capitalized above-market or below-market intangible is amortized to rental income over the estimated remaining term of the respective leases, which includes the expected renewal option period for below-market leases. Mortgage debt discounts or premiums are amortized into interest expense over the remaining term of the related debt instrument. In determining the value of in-place leases, management considers current market conditions and costs to execute similar leases in arriving at an estimate of the carrying costs during the expected lease-up period from vacant to existing occupancy. In estimating carrying costs, management includes real estate taxes, insurance, other operating expenses, estimates of lost rental revenue during the expected lease-up periods and costs to execute similar leases including leasing commissions, legal and other related costs based on current market demand. The value assigned to in-place leases and tenant Depreciation and amortization are provided on the straight-line method over the estimated useful lives of the assets, as follows: Buildings and building improvements (in years) 15 to 50 Fixtures, leasehold and tenant improvements (including certain identified intangible assets) Terms of leases or useful lives, whichever is shorter The Company periodically assesses the useful lives of its depreciable real estate assets, including those expected to be redeveloped in future periods, and accounts for any revisions prospectively. Expenditures for maintenance, repairs and demolition costs are charged to operations as incurred. Significant renovations and replacements, which improve or extend the life of the asset, are capitalized. The useful lives of amortizable intangible assets are evaluated each reporting period with any changes in estimated useful lives being accounted for over the revised remaining useful life. When a real estate asset is identified by management as held-for-sale, the Company ceases depreciation of the asset and estimates the fair value. If the fair value of the asset is less than the net book value of the asset, an adjustment to the carrying value would be recorded to reflect the estimated fair value of the property, less estimated costs of sale and the asset is classified as other assets. On a continuous basis, management assesses whether there are any indicators, including property operating performance, changes in anticipated holding period and general market conditions, that the value of the real estate properties (including any related amortizable intangible assets or liabilities) may |
Real Estate Held for Development and Sale, Policy [Policy Text Block] | Real Estate Under Development Real estate under development represents the development of open-air shopping center projects which the Company plans to hold as long-term investments. These properties are carried at cost. The cost of land and buildings under development includes specifically identifiable costs. The capitalized costs include pre-construction costs essential to the development of the property, development costs, construction costs, interest costs, real estate taxes, salaries and related costs of personnel directly involved and other costs incurred during the period of development. The Company ceases cost capitalization when the property is held available for occupancy and placed into service. This usually occurs upon substantial completion of all costs necessary to bring the property to the condition needed for its intended use, but no later than one may |
Equity and Cost Method Investments, Policy [Policy Text Block] | Investments in Unconsolidated Joint Ventures The Company accounts for its investments in unconsolidated joint ventures under the equity method of accounting as the Company exercises significant influence, but does not control these entities. These investments are recorded initially at cost and subsequently adjusted for cash contributions, distributions and our share of earnings and losses. Earnings or losses for each investment are recognized in accordance with each respective investment agreement and where applicable, based upon an allocation of the investment’s net assets at book value as if the investment was hypothetically liquidated at the end of each reporting period. The Company’s joint ventures and other real estate investments primarily consist of co-investments with institutional and other joint venture partners in open-air shopping center properties, consistent with its core business. These joint ventures typically obtain non-recourse third may December 31, 2016, To recognize the character of distributions from equity investees within its consolidated statements of cash flows, all distributions received are presumed to be returns on investment and classified as cash inflows from operating activities unless the Company’s cumulative distributions received less distributions received in prior periods that were determined to be returns of investment exceed its cumulative equity in earnings recognized by the investor (as adjusted for amortization of basis differences). When such an excess occurs, the current-period distribution up to this excess is considered a return of investment and classified as cash inflows from investing. On a continuous basis, management assesses whether there are any indicators, including the underlying investment property operating performance and general market conditions, that the value of the Company’s investments in unconsolidated joint ventures may The Company’s estimated fair values are based upon a discounted cash flow model for each joint venture that includes all estimated cash inflows and outflows over a specified holding period. Capitalization rates, discount rates and credit spreads utilized in these models are based upon rates that the Company believes to be within a reasonable range of current market rates. |
Investment, Policy [Policy Text Block] | Other Real Estate Investments Other real estate investments primarily consist of preferred equity investments for which the Company provides capital to owners and developers of real estate. The Company typically accounts for its preferred equity investments on the equity method of accounting, whereby earnings for each investment are recognized in accordance with each respective investment agreement and based upon an allocation of the investment’s net assets at book value as if the investment was hypothetically liquidated at the end of each reporting period. On a continuous basis, management assesses whether there are any indicators, including the underlying investment property operating performance and general market conditions, that the value of the Company’s Other real estate investments may The Company’s estimated fair values are based upon a discounted cash flow model for each investment that includes all estimated cash inflows and outflows over a specified holding period and, where applicable, any estimated debt premiums. Capitalization rates, discount rates and credit spreads utilized in these models are based upon rates that the Company believes to be within a reasonable range of current market rates. |
Finance, Loans and Leases Receivable, Policy [Policy Text Block] | Mortgages and Other Financing Receivables Mortgages and other financing receivables consist of loans acquired and loans originated by the Company. Borrowers of these loans are primarily experienced owners, operators or developers of commercial real estate. The Company’s loans are primarily mortgage loans that are collateralized by real estate. Mortgages and other financing receivables are recorded at stated principal amounts, net of any discount or premium or deferred loan origination costs or fees. The related discounts or premiums on mortgages and other loans purchased are amortized or accreted over the life of the related loan receivable. The Company defers certain loan origination and commitment fees, net of certain origination costs and amortizes them as an adjustment of the loan’s yield over the term of the related loan. On a quarterly basis, the Company reviews credit quality indicators such as (i) payment status to identify performing versus non-performing loans, (ii) changes affecting the underlying real estate collateral and (iii) national and regional economic factors. Interest income on performing loans is accrued as earned. A non-performing loan is placed on non-accrual status when it is probable that the borrower may 90 The Company has determined that it has one The Company considers a loan to be impaired when, based upon current information and events, it is probable that the Company will be unable to collect all amounts due under the existing contractual terms. A reserve allowance is established for an impaired loan when the estimated fair value of the underlying collateral (for collateralized loans) or the present value of expected future cash flows is lower than the carrying value of the loan. An internal valuation is performed generally using the income approach to estimate the fair value of the collateral at the time a loan is determined to be impaired. The model is updated if circumstances indicate a significant change in value has occurred. The Company does not provide for an additional allowance for loan losses based on the grouping of loans as the Company believes the characteristics of the loans are not sufficiently similar to allow an evaluation of these loans as a group for a possible loan loss allowance. As such, all of the Company’s loans are evaluated individually for impairment purposes. |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and Cash Equivalents Cash and cash equivalents include demand deposits in banks, commercial paper and certificates of deposit with original maturities of three may, |
Marketable Securities, Policy [Policy Text Block] | Marketable Securities The Company classifies its marketable equity securities as available-for-sale in accordance with the FASB’s Investments-Debt and Equity Securities guidance. These securities are carried at fair market value with unrealized gains and losses reported in stockholders’ equity as a component of Accumulated other comprehensive income ("AOCI"). Gains or losses on securities sold are based on the specific identification method and are recognized in Interest, dividends and other investment income on the Company’s Consolidated Statements of Income. All debt securities are generally classified as held-to-maturity because the Company has the positive intent and ability to hold the securities to maturity. It is more likely than not that the Company will not be required to sell the debt security before its anticipated recovery and the Company expects to recover the security’s entire amortized cost basis even if the entity does not intend to sell. Held-to-maturity securities are stated at amortized cost, adjusted for amortization of premiums and accretion of discounts to maturity. Debt securities which contain conversion features generally are classified as available-for-sale. On a continuous basis, management assesses whether there are any indicators that the value of the Company’s marketable securities may |
Deferred Charges, Policy [Policy Text Block] | Deferred Leasing Costs Costs incurred in obtaining tenant Software Development Costs Expenditures for major software purchases and software developed for internal use are capitalized and amortized on a straight-line basis generally over a three five December 31, 2016 2015, $10.2 $16.1 $8.0 $10.7 $9.2 December 31, 2016, 2015 2014, Deferred Financing Costs Costs incurred in obtaining long-term financing, included in Notes Payable and Mortgages Payable in the accompanying Consolidated Balance Sheets, are amortized on a straight-line basis, which approximates the effective interest method, over the terms of the related debt agreements, as applicable. |
Revenue Recognition, Policy [Policy Text Block] | Revenue , Gain Recognition and Accounts Receivable Base rental revenues from rental properties are recognized on a straight-line basis over the terms of the related leases. Certain of these leases also provide for percentage rents based upon the level of sales achieved by the lessee. These percentage rents are recognized once the required sales level is achieved. Rental income may Management and other fee income consists of property management fees, leasing fees, property acquisition and disposition fees, development fees and asset management fees. These fees arise from contractual agreements with third Gains and losses from the sale of depreciated operating property and real estate under development projects are recognized using the full accrual method in accordance with the FASB’s real estate sales guidance, provided that various criteria relating to the terms of sale and subsequent involvement by the Company with the properties are met. Gains and losses on transfers of operating properties result from the sale of a partial interest in properties to unconsolidated joint ventures and are recognized using the partial sale provisions of the FASB’s real estate sales guidance. The Company makes estimates of the uncollectable accounts receivables related to base rents, straight-line rent, expense reimbursements and other revenues. The Company analyzes accounts receivable and historical bad debt levels, customer credit worthiness and current economic trends when evaluating the adequacy of the allowance for doubtful accounts. In addition, tenants Accounts and notes receivable in the accompanying Consolidated Balance Sheets are net of estimated unrecoverable amounts of $12.3 $13.9 December 31, 2016 2015, $11.9 $17.9 December 31, 2016 2015, |
Income Tax, Policy [Policy Text Block] | Income Taxes The Company has made an election to qualify, and believes it is operating so as to qualify, as a REIT for federal income tax purposes. Accordingly, the Company generally will not be subject to federal income tax, provided that distributions to its stockholders equal at least the amount of its REIT taxable income as defined under Section 856 860 In connection with the RMA, which became effective January 1, 2001, Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry-forwards. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. The Company provides a valuation allowance for deferred tax assets for which it does not consider realization of such assets to be more likely than not. The Company reviews the need to establish a valuation allowance against deferred tax assets on a quarterly basis. The review includes an analysis of various factors, such as future reversals of existing taxable temporary differences, the capacity for the carryback or carryforward of any losses, the expected occurrence of future income or loss and available tax planning strategies. The Company applies the FASB’s guidance relating to uncertainty in income taxes recognized in a Company’s financial statements. Under this guidance the Company may fifty |
Foreign Currency Transactions and Translations Policy [Policy Text Block] | Foreign Currency Translation and Transactions Assets and liabilities of the Company’s foreign operations are translated using year-end exchange rates, and revenues and expenses are translated using exchange rates as determined throughout the year. Gains or losses resulting from translation are included in AOCI, as a separate component of the Company’s stockholders’ equity. Gains or losses resulting from foreign currency transactions are translated to local currency at the rates of exchange prevailing at the dates of the transactions. The effect of the transaction’s gain or loss is included in the caption Other income/(expense), net in the Consolidated Statements of Income. The Company is required to release cumulative translation adjustment (“CTA”) balances into earnings when the Company has substantially liquidated its investment in a foreign entity. |
Derivatives, Policy [Policy Text Block] | Derivative/Financial Instruments The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risk through management of its core business activities. The Company manages economic risks, including interest rate, liquidity, and credit risk primarily by managing the amount, sources, and duration of its debt funding and the use of derivative financial instruments. Specifically, the Company may The Company measures its derivative instruments at fair value and records them in the Consolidated Balance Sheet as an asset or liability, depending on the Company’s rights or obligations under the applicable derivative contract. The accounting for changes in the fair value of the derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Derivatives may may The effective portion of the changes in fair value of derivatives designated and that qualify as cash flow hedges is recorded in AOCI and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. Any ineffective portion of the change in fair value of the derivatives is recognized directly in earnings. During 2016, 2015 2014, no |
Consolidation, Subsidiaries or Other Investments, Consolidated Entities, Policy [Policy Text Block] | Noncontrolling Interests The Company accounts for noncontrolling interests in accordance with the Consolidation guidance and the Distinguishing Liabilities from Equity guidance issued by the FASB. Noncontrolling interests represent the portion of equity that the Company does not own in those entities it consolidates. The Company identifies its noncontrolling interests separately within the equity section on the Company’s Consolidated Balance Sheets. The amounts of consolidated net earnings attributable to the Company and to the noncontrolling interests are presented separately on the Company’s Consolidated Statements of Income. Noncontrolling interests also includes amounts related to partnership units issued by consolidated subsidiaries of the Company in connection with certain property acquisitions. These units have a stated redemption value or a defined redemption amount based upon the trading price of the Company’s common stock and provides the unit holders various rates of return during the holding period. The unit holders generally have the right to redeem their units for cash at any time after one The Company evaluates the terms of the partnership units issued in accordance with the FASB’s Distinguishing Liabilities from Equity guidance. Units which embody an unconditional obligation requiring the Company to redeem the units for cash after a specified or determinable date (or dates) or upon the occurrence of an event that is not solely within the control of the issuer are determined to be contingently redeemable under this guidance and are included as Redeemable noncontrolling interest and classified within the mezzanine section between Total liabilities and Stockholders’ equity on the Company’s Consolidated Balance Sheets. Convertible units for which the Company has the option to settle redemption amounts in cash or Common Stock are included in the caption Noncontrolling interest within the equity section on the Company’s Consolidated Balance Sheets. |
Earnings Per Share, Policy [Policy Text Block] | Earnings Per Share The following table sets forth the reconciliation of earnings and the weighted-average number of shares used in the calculation of basic and diluted earnings per share (amounts presented in thousands, except per share data): For the year ended December 31, 201 6 201 5 201 4 Computation of Basic Earnings Per Share: Income from continuing operations $ 299,353 $ 774,405 $ 384,506 Gain on sale of operating properties, net, net of tax 86,785 125,813 389 Net income attributable to noncontrolling interests (7,288 ) (6,028 ) (11,879 ) Discontinued operations attributable to noncontrolling interests - - 2,117 Preferred stock redemption charges - (5,816 ) - Preferred stock dividends (46,220 ) (57,084 ) (58,294 ) Income from continuing operations available to the common Shareholders 332,630 831,290 316,839 Earnings attributable to participating securities (2,018 ) (4,134 ) (1,749 ) Income from continuing operations available to common Shareholders 330,612 827,156 315,090 (Loss)/income from discontinued operations attributable to the Company - (75 ) 48,868 Net income available to the Company’s common shareholders for basic earnings per share $ 330,612 $ 827,081 $ 363,958 Weighted average common shares outstanding – basic 418,402 411,319 409,088 Basic Earnings Per Share Available to the Company’s Common Shareholders: Income from continuing operations $ 0.79 $ 2.01 $ 0.77 Income from discontinued operations - - 0.12 Net income $ 0.79 $ 2.01 $ 0.89 Computation of Diluted Earnings Per Share: Income from continuing operations available to common shareholders $ 330,612 $ 827,156 $ 315,090 (Loss)/income from discontinued operations attributable to the Company - (75 ) 48,868 Distributions on convertible units - 192 529 Net income available to the Company’s common shareholders for diluted earnings per share $ 330,612 $ 827,273 $ 364,487 Weighted average common shares outstanding – basic 418,402 411,319 409,088 Effect of dilutive securities (a): Equity awards 1,307 1,414 1,227 Assumed conversion of convertible units - 118 723 Shares for diluted earnings per common share 419,709 412,851 411,038 Diluted Earnings Per Share Available to the Company’s Common Shareholders: Income from continuing operations $ 0.79 $ 2.00 $ 0.77 Income from discontinued operations - - 0.12 Net income $ 0.79 $ 2.00 $ 0.89 (a) The effect of the assumed conversion of certain convertible units had an anti-dilutive effect upon the calculation of Income from continuing operations per share. Accordingly, the impact of such conversions has not been included in the determination of diluted earnings per share calculations. Additionally, there were 3,490,400, 5,300,680 7,137,120 December 31, 2016, 2015 2014, The Company's unvested restricted share awards contain non-forfeitable rights to distributions or distribution equivalents. The impact of the unvested restricted share awards on earnings per share has been calculated using the two |
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | Stock Compensation The Company maintains two 1998 2010 “2010 47,000,000 May 1, 2012, 2010 10,000,000 three five ten 100% fourth fifth three, four five ten 20% fifth one three may The Company accounts for equity awards in accordance with the FASB’s Stock Compensation guidance which requires that all share based payments to employees, be recognized in the Statement of Income over the service period based on their fair values. Fair value is determined, depending on the type of award, using either the Black-Scholes option pricing formula or the Monte Carlo method, both of which are intended to estimate the fair value of the awards at the grant date (see Footnote 21 |
New Accounting Pronouncements, Policy [Policy Text Block] | New Accounting Pronouncements In January 2017, 2017 01, 805): 2017 01”). December 15, 2017, 2017 01 December 31, 2017, 360, 805 In August 2016, 2016 15, 230): 2016 15”). eight January 1, 2018, 2016 15 September 30, 2016. 2016 15, September 30, 2016, 2016 15 2016 15 In June 2016, 2016 13, 326): 2016 13”). 2016 13 December 15, 2019, 2016 13 In March 2016, 2016 09, 718): 2016 09"). December 15, 2016, 2016 09 In February 2016, 2016 02, 842) 2016 02”), 12 12 2016 02 840). January 1, 2019, 2016 02 2016 02 2016 02. In February 2015, 2015 02, 810): 2015 02”). 2015 02 (1) (2) (3) 2015 02 2015 02 December 15, 2015. 2015 02 In August 2014, 2014 15, 205 40): 2014 15”), one 2014 15 December 15, 2016 2014 15 In May 2014, 2014 09, 606) 2014 09"). 2014 09 2014 09, may 2014 09 first December 15, 2016, August 2015, 2015 14, 606): 2015 14”), 2014 09 one first December 15, 2017. March 2016, 2016 08, 606): April 2016, 2016 10, 606): May 2016, 2016 12, 606): 2014 09 2014 09 tenants 2014 09 |
Note 1 - Summary of Significa39
Note 1 - Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | For the year ended December 31, 201 6 201 5 201 4 Computation of Basic Earnings Per Share: Income from continuing operations $ 299,353 $ 774,405 $ 384,506 Gain on sale of operating properties, net, net of tax 86,785 125,813 389 Net income attributable to noncontrolling interests (7,288 ) (6,028 ) (11,879 ) Discontinued operations attributable to noncontrolling interests - - 2,117 Preferred stock redemption charges - (5,816 ) - Preferred stock dividends (46,220 ) (57,084 ) (58,294 ) Income from continuing operations available to the common Shareholders 332,630 831,290 316,839 Earnings attributable to participating securities (2,018 ) (4,134 ) (1,749 ) Income from continuing operations available to common Shareholders 330,612 827,156 315,090 (Loss)/income from discontinued operations attributable to the Company - (75 ) 48,868 Net income available to the Company’s common shareholders for basic earnings per share $ 330,612 $ 827,081 $ 363,958 Weighted average common shares outstanding – basic 418,402 411,319 409,088 Basic Earnings Per Share Available to the Company’s Common Shareholders: Income from continuing operations $ 0.79 $ 2.01 $ 0.77 Income from discontinued operations - - 0.12 Net income $ 0.79 $ 2.01 $ 0.89 Computation of Diluted Earnings Per Share: Income from continuing operations available to common shareholders $ 330,612 $ 827,156 $ 315,090 (Loss)/income from discontinued operations attributable to the Company - (75 ) 48,868 Distributions on convertible units - 192 529 Net income available to the Company’s common shareholders for diluted earnings per share $ 330,612 $ 827,273 $ 364,487 Weighted average common shares outstanding – basic 418,402 411,319 409,088 Effect of dilutive securities (a): Equity awards 1,307 1,414 1,227 Assumed conversion of convertible units - 118 723 Shares for diluted earnings per common share 419,709 412,851 411,038 Diluted Earnings Per Share Available to the Company’s Common Shareholders: Income from continuing operations $ 0.79 $ 2.00 $ 0.77 Income from discontinued operations - - 0.12 Net income $ 0.79 $ 2.00 $ 0.89 |
Note 2 - Real Estate (Tables)
Note 2 - Real Estate (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Property Subject to or Available for Operating Lease [Table Text Block] | December 31, 201 6 201 5 Land $ 2,786,255 $ 2,660,722 Undeveloped land 58,931 67,535 Buildings and improvements: Buildings 5,790,681 5,643,629 Building improvements 1,562,439 1,559,652 Tenant improvements 733,993 727,036 Fixtures and leasehold improvements 47,199 47,055 Above-market leases 150,207 155,451 In-place leases and tenant relationships 543,342 528,539 11,673,047 11,389,619 Accumulated depreciation and amortization (1) (2,278,292 ) (2,115,320 ) Total $ 9,394,755 $ 9,274,299 |
Above and Below Market Lease Tenant Relationships Future Amortization Income Expense [Table Text Block] | 2017 2018 2019 2020 202 1 Above-market and below-market leases amortization, net $ 10.7 $ 10.8 $ 11.3 $ 11.5 $ 11.5 In-place leases and tenant relationships amortization $ (46.5 ) $ (34.1 ) $ (26.3 ) $ (19.3 ) $ (15.4 ) |
Note 3 - Property Acquisition41
Note 3 - Property Acquisitions, Developments and Other Investments (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | Purchase Price Property Name Location Month Acquired Cash* Debt Assumed Other** Total GLA*** Jericho Atrium Jericho, NY Apr-16 $ 29,750 $ - $ - $ 29,750 147 Oakwood Plaza Hollywood, FL (1) Apr-16 53,412 100,000 61,588 215,000 899 Webster Square North Nashua, NH Jul-16 8,200 - - 8,200 21 Gateway Plaza Mill Creek, WA (1) Jul-16 493 17,500 - 17,993 97 Kentlands Market Square Gaithersburg, MD Aug-16 61,826 33,174 - 95,000 221 GEPT Portfolio (4 properties) Various (1) Sep-16 79,974 76,989 10,882 167,845 681 Coulter Avenue (2 parcels) Ardmore, PA Various 6,750 - - 6,750 20 KimPru Portfolio (2 properties) Various (1) Oct-16 15,505 35,700 3,218 54,423 234 Hamden Mart Hamden, CT (1) Nov-16 - 21,369 29,294 50,663 345 $ 255,910 $ 284,732 $ 104,982 $ 645,624 2,665 Purchase Price Property Name Location Month Acquired Cash* Debt Assumed Other ** Total GLA** * Elmont Plaza Elmont, NY (1) Jan-15 $ 2,400 $ - $ 3,358 $ 5,758 13 Garden State Pavilion Parcel Cherry Hill, NJ Jan-15 16,300 - - 16,300 111 Kimstone Portfolio (39 properties) Various (1) Feb-15 513,513 637,976 236,011 1,387,500 5,631 Copperfield Village Houston, TX Feb-15 18,700 20,800 - 39,500 165 Snowden Square Parcel Columbia, MD Mar-15 4,868 - - 4,868 25 Dulles Town Crossing Parcel Sterling, VA Mar-15 4,830 - - 4,830 9 Flagler Park S.C. Miami, FL Mar-15 1,875 - - 1,875 5 West Farms Parcel New Britain, CT Apr-15 6,200 - - 6,200 24 Milleridge Inn Jericho, NY Apr-15 7,500 - - 7,500 - Woodgrove Festival (2 Parcels) Woodridge, IL Jun-15 5,611 - - 5,611 12 Montgomery Plaza Fort Worth, TX (1) Jul-15 34,522 29,311 9,044 72,877 291 125 Coulter Avenue Parcel Ardmore, PA Sep-15 1,925 - - 1,925 6 Conroe Marketplace Conroe, TX (1) Oct-15 18,546 42,350 3,104 64,000 289 Laurel Plaza Laurel, MD Oct-15 1,200 - - 1,200 4 District Heights District Heights, MD (1) Nov-15 13,140 13,255 950 27,345 91 Village on the Park Aurora, CO Nov-15 824 - - 824 10 Christown Mall Phoenix, AZ Nov-15 51,351 63,899 - 115,250 833 Washington St. Plaza Parcels Brighton, MA Dec-15 8,750 - - 8,750 - $ 712,055 $ 807,591 $ 252,467 $ 1,772,113 7,519 |
Previous Ownership Interest [Table Text Block] | Property Name Previous Ownership Interest Gain on change in control of interests, net Oakwood Plaza 55.0 % $ 46.5 Gateway Plaza 15.0 % - GEPT Portfolio (4 properties) 15.0 % 6.6 KimPru Portfolio (2 properties) 15.0 % 0.8 Hamden Mart 47.95 % 3.5 $ 57.4 Property Name Previous Ownership Interest Gain on change in control of interests, net Elmont Plaza 50.0 % $ (0.2 ) Kimstone Portfolio (39 properties) 33.3 % 140.0 Montgomery Plaza 20.0 % 6.3 Conroe Marketplace 15.0 % 2.4 District Heights 15.0 % 0.7 $ 149.2 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | Preliminary Allocation Allocation Adjustments Revised Allocation as of December 31, 2016 Weighted-Average Amortization Period (in Years) Land $ 179,150 $ (13,352 ) $ 165,798 - Buildings 309,493 69,581 379,074 50.0 Above-market leases 11,982 (4,304 ) 7,678 8.1 Below-market leases (31,903 ) (4,327 ) (36,230 ) 19.1 In-place leases 44,094 (4,162 ) 39,932 6.4 Building improvements 124,105 (40,194 ) 83,911 45.0 Tenant improvements 12,788 (2,548 ) 10,240 7.1 Mortgage fair value adjustment (4,292 ) (694 ) (4,986 ) 4.1 Other assets 234 - 234 - Other liabilities (27 ) - (27 ) - Net assets acquired $ 645,624 $ - $ 645,624 Allocation as of December 31, 2015 Allocation Adjustments Revised Allocation as of December 31, 2016 Weighted-Average Amortization Period (in Years) Land $ 444,626 $ 33,918 $ 478,544 - Buildings 1,063,124 (7,980 ) 1,055,144 50.0 Above-market leases 34,182 (2,133 ) 32,049 7.2 Below-market leases (74,997 ) (6,306 ) (81,303 ) 17.7 In-place leases 125,993 1,425 127,418 4.7 Building improvements 169,116 (20,724 ) 148,392 45.0 Tenant improvements 34,814 1,800 36,614 6.1 Mortgage fair value adjustment (27,615 ) - (27,615 ) 3.0 Other assets 3,058 - 3,058 - Other liabilities (188 ) - (188 ) - Net assets acquired $ 1,772,113 $ - $ 1,772,113 |
Business Acquisition, Pro Forma Information [Table Text Block] | Year ended December 31, 201 6 201 5 201 4 Revenues from rental properties $ 1,174.9 $ 1,198.6 $ 1,097.8 Net income $ 397.7 $ 921.6 $ 521.9 Net income available to the Company $ 344.2 $ 852.6 $ 451.7 Net income available to the Company per common share: Basic $ 0.82 $ 2.07 $ 1.10 Diluted $ 0.82 $ 2.07 $ 1.10 |
Note 4 - Real Estate Under De42
Note 4 - Real Estate Under Development (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Real Estate Held for Development [Table Text Block] | December 31, Property Name Location 2016 2015 Grand Parkway Marketplace Spring, TX $ 94,841 $ 42,032 Dania Pointe (1) Dania Beach, FL 107,113 - Promenade at Christiana New Castle, DE 25,521 16,063 Owings Mills Owings Mills, MD 25,119 8,640 Avenues Walk Jacksonville, FL 73,048 77,544 Staten Island Plaza (2) Staten Island, NY 9,386 - Shoppes at Wynnewood (3) Lower Merion, PA - 34,911 $ 335,028 $ 179,190 |
Note 6 - Discontinued Operati43
Note 6 - Discontinued Operations (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Disposal Groups, Including Discontinued Operations [Table Text Block] | 201 5 201 4 Discontinued operations: Revenues from rental properties $ 124 $ 71,906 Rental property expenses (49 ) (16,657 ) Depreciation and amortization - (15,019 ) Provision for doubtful accounts (57 ) (719 ) Interest expense - (1,823 ) Income from other real estate investments - 680 Other expense, net (12 ) (756 ) Income from discontinued operating properties, before income taxes 6 37,612 Impairment of property carrying value, before income taxes (1) (82 ) (178,048 ) Gain on disposition of operating properties, before income taxes - 203,271 Benefit/(provision) for income taxes 1 (11,850 ) (Loss)/income from discontinued operating properties (75 ) 50,985 Net income attributable to noncontrolling interests - (2,117 ) (Loss)/income from discontinued operations attributable to the Company $ (75 ) $ 48,868 |
Note 7 - Impairments (Tables)
Note 7 - Impairments (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Details of Impairment of Long-Lived Assets Held and Used by Asset [Table Text Block] | 201 6 201 5 201 4 Impairment of property carrying values* (1) (2) (3) $ 93.3 $ 30.3 $ 33.3 Impairment of investments in other real estate investments* (4) - 5.3 1.7 Impairment of marketable securities and other investments* (5) - 9.8 4.8 Total Impairment charges included in operating expenses 93.3 45.4 39.8 Cumulative foreign currency translation loss included in discontinued operations (6) - - 92.9 Impairment of property carrying values included in discontinued operations** - 0.1 85.1 Total gross impairment charges 93.3 45.5 217.8 Noncontrolling interests (0.4 ) (5.6 ) (0.4 ) Income tax benefit included in discontinued operations - - (1.7 ) Income tax benefit (21.1 ) (9.0 ) (6.1 ) Total net impairment charges $ 71.8 $ 30.9 $ 209.6 |
Note 8 - Investment and Advan45
Note 8 - Investment and Advances in Real Estate Joint Ventures (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Equity Method Investments [Table Text Block] | As of December 31 , 2016 As of December 31 , 2015 Venture Ownership Interest Number of Properties The Company's Investment Ownership Interest Number of Properties The Company's Investment Prudential Investment Program (“KimPru” and “KimPru II”) (1) (2) 15.0% 48 $ 182.5 15.0% 53 $ 175.5 Kimco Income Opportunity Portfolio (“KIR”) (2) 48.6% 45 145.2 48.6% 47 131.0 Canada Pension Plan Investment Board (“CPP”) (2) (3) 55.0% 5 111.8 55.0% 7 195.6 Other Institutional Programs (2) Various 2 0.4 Various 9 5.2 Other Joint Venture Programs (4) Various 34 60.4 Various 40 64.0 Canadian Properties 50.0% 1 3.9 Various 35 171.3 Total 135 $ 504.2 191 $ 742.6 |
Joint Venture Investments Accounted For Under The Equity Method Debt Details [Table Text Block] | As of December 31 , 2016 As of December 31, 2015 Venture Mortgages and Notes Payable Weighted Average Interest Rate Weighted Average Remaining Term (months)* Mortgages and Notes Payable Weighted Average Interest Rate Weighted Average Remaining Term (months)* KimPru and KimPru II $ 647.4 3.07 % 67.5 $ 777.1 5.54 % 12.6 KIR 746.5 4.64 % 54.9 811.6 4.64 % 62.3 CPP 84.8 2.17 % 16.0 109.9 5.25 % 3.5 Other Institutional Programs 94.7 4.09 % 19.0 218.5 4.92 % 20.5 Other Joint Venture Programs 482.1 5.67 % 24.5 540.7 5.61 % 36.1 Canadian Properties 7.5 4.70 % 9.1 341.3 4.64 % 56.4 Total $ 2,063.0 $ 2,799.1 |
Investments in and Advances to Affiliates [Table Text Block] | December 31, 201 6 2015 Assets: Real estate, net $ 3,741.9 $ 4,855.5 Other assets 224.6 279.3 $ 3,966.5 $ 5,134.8 Liabilities and Partners’/Members’ Capital: Notes payable $ 214.5 $ 29.7 Mortgages payable and construction loans 1,848.5 2,769.4 Other liabilities 82.3 119.6 Noncontrolling interests 15.9 16.2 Partners’/Members’ capital 1,805.3 2,199.9 $ 3,966.5 $ 5,134.8 |
Schedule of Investments in and Advances to Affiliates, Schedule of Investments [Table Text Block] | Year Ended December 31, 201 6 2015 2014 Revenues from rental properties $ 597.5 $ 842.5 $ 1,059.9 Operating expenses (178.1 ) (265.9 ) (333.5 ) Interest expense (117.3 ) (202.8 ) (247.3 ) Depreciation and amortization (138.1 ) (191.9 ) (260.0 ) Impairment charges (38.6 ) (63.4 ) (23.1 ) Other income/(expense), net 20.1 4.4 (14.4 ) (452.0 ) (719.6 ) (878.3 ) Income from continuing operations 145.5 122.9 181.6 Discontinued Operations: Income from discontinued operations - - 2.8 Impairment on dispositions of properties - - (3.8 ) Gain on dispositions of properties - - 471.1 - - 470.1 Gain on sale of operating properties 296.2 1,166.7 - Net income $ 441.7 $ 1,289.6 $ 651.7 |
Income [Member] | |
Notes Tables | |
Equity Method Investments [Table Text Block] | Year Ended December 31, 2016 2015 2014 KimPru and KimPru II $ 16.4 $ 7.1 $ 8.1 KIR 44.0 41.0 26.5 CPP 7.7 9.6 7.1 Other Institutional Programs 1.1 4.7 28.8 Other Joint Venture Programs 3.9 14.2 49.7 Canadian Properties 145.6 403.8 39.4 Total $ 218.7 $ 480.4 $ 159.6 |
Note 9 - Other Real Estate In46
Note 9 - Other Real Estate Investments (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Real Estate Investment Financial Statements, Disclosure [Table Text Block] | December 31, 201 6 2015 Assets: Real estate, net $ 187.0 $ 258.0 Other assets 587.1 628.3 $ 774.1 $ 886.3 Liabilities and Partners’/Members’ Capital: Notes and mortgages payable $ 454.7 $ 563.7 Other liabilities 8.3 12.9 Partners’/Members’ capital 311.1 309.7 $ 774.1 $ 886.3 |
Preferred Equity Investments, Income Statement [Table Text Block] | Year Ended December 31, 201 6 2015 2014 Revenues from rental properties $ 102.6 $ 122.1 $ 146.0 Operating expenses (27.4 ) (35.6 ) (47.0 ) Interest expense (26.7 ) (35.7 ) (47.1 ) Depreciation and amortization (6.7 ) (11.4 ) (19.2 ) Other expense, net (11.5 ) (9.2 ) (7.2 ) Income from continuing operations 30.3 30.2 25.5 Discontinued Operations: Gain on disposition of properties - - 31.5 - - 31.5 Gain on sale of operating properties 5.3 6.0 - Net income $ 35.6 $ 36.2 $ 57.0 |
Note 11 - Mortgages and Other47
Note 11 - Mortgages and Other Financing Receivables (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | 201 6 2015 2014 Balance at January 1, $ 23,824 $ 74,013 $ 30,243 Additions: New mortgage loans - 5,730 52,728 Write-off of loan discounts - - 286 Foreign currency translation 397 - - Amortization of loan discounts 112 112 126 Deductions: Loan repayments - (53,646 ) (7,330 ) Charge off/foreign currency translation (213 ) (884 ) (1,066 ) Collections of principal (921 ) (1,499 ) (972 ) Amortization of loan costs (2 ) (2 ) (2 ) Balance at December 31, $ 23,197 $ 23,824 $ 74,013 |
Note 12 - Marketable Securiti48
Note 12 - Marketable Securities (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Marketable Securities [Table Text Block] | December 31, 201 6 Amortized Cost Gross Unrealized Gains Total Available-for-sale: Equity securities $ 6,096 $ 406 $ 6,502 Held-to-maturity: Debt securities 1,599 - 1,599 Total marketable securities $ 7,695 $ 406 $ 8,101 December 31, 201 5 Amortized Cost Gross Unrealized Gains/ ( Losses ) Total Available-for-sale: Equity securities $ 5,511 $ 398 $ 5,909 Held-to-maturity: Debt securities 1,656 (1 ) 1,655 Total marketable securities $ 7,167 $ 397 $ 7,564 |
Note 13 - Notes Payable (Tables
Note 13 - Notes Payable (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Long-term Debt Instruments [Table Text Block] | Balance at 12/31/1 6 Interest Rate Range (Low) Interest Rate Range (High) Maturity Date Range (Low) Maturity Date Range (High) Senior Unsecured Notes $ 3,400.0 2.70% 6.88% Oct-2019 Dec-2046 Medium Term Notes (“MTN”) 300.0 4.30% 4.30% Feb-2018 Feb-2018 Term Loan (a) 250.0 (a) (a) Jan-2017 Jan-2017 Credit Facility (b) 25.0 (b) (b) Mar-2018 (b) Mar-2018 (b) Deferred financing costs, net (47.7 ) - - - - $ 3,927.3 Balance at 12/31/1 5 Interest Rate Range (Low) Interest Rate Range (High) Maturity Date Range (Low) Maturity Date Range (High) Senior Unsecured Notes $ 2,290.9 3.13% 6.88% May-2017 Apr-2045 MTN 600.0 4.30% 5.78% Mar-2016 Feb-2018 Term Loan (a) 650.0 (a) (a) Jan-2017 Jan-2017 Canadian Notes Payable 251.8 3.86% 5.99% Apr-2018 Aug-2020 Credit Facility (b) - (b) (b) Mar-2018 (b) Mar-2018 (b) Deferred financing costs, net (31.4 ) - - - - $ 3,761.3 |
Schedule of Debt [Table Text Block] | Type Date Paid Maturity Date Amount Repaid (USD) Interest Rate Canadian Notes Payable (1) Aug-16 (1) $ 270.9 (1) Senior Unsecured Note (2) Aug-16 May-17 $ 290.9 5.70% MTN Mar-16 Mar-16 $ 300.0 5.783% MTN Nov-15 Nov-15 $ 150.0 5.584% Senior Unsecured Note Sep-15 Sep-15 $ 100.0 5.25% MTN Feb-15 Feb-15 $ 100.0 4.904% |
Schedule of Debt Issuance [Table Text Block] | Date Issued Maturity Date Amount Issued Interest Rate Nov-16 Mar-24 $ 400.0 2.7% Nov-16 Dec-46 $ 350.0 4.125% Aug-16 Oct-26 $ 500.0 2.8% May-16 Apr-45 $ 150.0 4.25% Oct-15 Nov-22 $ 500.0 3.40% Mar-15 Apr-45 $ 350.0 4.25% |
Note 15 - Noncontrolling Inte50
Note 15 - Noncontrolling Interests (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Convertible Non-convertible Units [Table Text Block] | Type Par Value Per Unit Number of Units Remaining Return Per Annum Preferred A Units (1) $ 1.00 79,642,697 5.0% Class B-1 Preferred Units (2) $ 10,000 189 7.0% Class B-2 Preferred Units (1) $ 10,000 42 7.0% Class C DownReit Units (2) $ 30.52 52,797 Equal to the Company’s common stock dividend |
Redeemable Noncontrolling Interest [Table Text Block] | 201 6 201 5 Balance at January 1, $ 86,709 $ 91,480 Income (1) 4,349 7,061 Distribution (4,105 ) (5,922 ) Conversion of redeemable units - (5,910 ) Balance at December 31, $ 86,953 $ 86,709 |
Note 16 - Fair Value Disclosu51
Note 16 - Fair Value Disclosure of Financial Instruments (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Fair Value, by Balance Sheet Grouping [Table Text Block] | December 31, 201 6 201 5 Carrying Amounts Estimated Fair Value Carrying Amounts Estimated Fair Value Marketable securities (1) $ 8,101 $ 8,101 $ 7,565 $ 7,564 Notes payable (2) $ 3,927,251 $ 3,890,797 $ 3,761,328 $ 3,820,205 Mortgages payable (3) $ 1,139,117 $ 1,141,047 $ 1,614,982 $ 1,629,760 |
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block] | Balance at December 31, 201 6 Level 1 Level 2 Level 3 Assets: Marketable equity securities $ 6,502 $ 6,502 $ - $ - Liabilities: Interest rate swaps $ 975 $ - $ 975 $ - Balance at December 31, 201 5 Level 1 Level 2 Level 3 Assets: Marketable equity securities $ 5,909 $ 5,909 $ - $ - Liabilities: Interest rate swaps $ 1,426 $ - $ 1,426 $ - Balance at December 31, 201 6 Level 1 Level 2 Level 3 Real estate $ 117,930 $ - $ - $ 117,930 Balance at December 31, 201 5 Level 1 Level 2 Level 3 Real estate $ 52,439 $ - $ - $ 52,439 |
Note 17 - Preferred Stock, Co52
Note 17 - Preferred Stock, Common Stock and Convertible Unit Transactions (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Stockholders Equity [Table Text Block] | As of December 31, 2016 and 201 5 Series of Preferred Stock Shares Authorized Shares Issued and Outstanding Liquidation Preference Dividend Rate Annual Dividend per Depositary Share Par Value Series I 18,400 16,000 $ 400,000 6.00 % $ 1.50000 $ 1.00 Series J 9,000 9,000 225,000 5.50 % $ 1.37500 $ 1.00 Series K 8,050 7,000 175,000 5.625 % $ 1.40625 $ 1.00 35,450 32,000 $ 800,000 |
Preferred Stock Redeemed [Member] | |
Notes Tables | |
Schedule of Stockholders Equity [Table Text Block] | Series of Preferred Stock Date Issued Depositary Shares Issued Redemption Amount (in millions) Offering/ Redemption Price Optional Redemption Date Actual Redemption Date Series H (1) 8/30/2010 7,000,000 $ 175.0 $ 25.00 8/30/2015 11/25/2015 |
Preferred Stock Issued [Member] | |
Notes Tables | |
Schedule of Stockholders Equity [Table Text Block] | Series of Preferred Stock Date Issued Depositary Shares Issued Fractional Interest per Share Net Proceeds, After Expenses (in millions) Offering/ Redemption Price Optional Redemption Date Series I 3/20/2012 16,000,000 1/1000 $ 387.2 $ 25.00 3/20/2017 Series J 7/25/2012 9,000,000 1/1000 $ 217.8 $ 25.00 7/25/2017 Series K 12/7/2012 7,000,000 1/1000 $ 169.1 $ 25.00 12/7/2017 |
Note 18 - Supplemental Schedu53
Note 18 - Supplemental Schedule of Non-cash Investing / Financing Activities (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block] | 201 6 201 5 201 4 Acquisition of real estate interests by assumption of mortgage debt $ 33,174 $ 84,699 $ 210,232 Acquisition of real estate interests by issuance of redeemable units $ - $ - $ 8,219 Acquisition of real estate interests through proceeds held in escrow $ 66,044 $ 89,504 $ 179,387 Proceeds held in escrow through sale of real estate interests $ 66,044 $ 71,623 $ 197,270 Disposition of real estate interests by assignment of debt $ - $ 47,742 $ - Disposition of real estate interests through the issuance of mortgage receivable $ - $ 5,730 $ 2,728 Disposition of real estate interests by foreclosure of debt $ 22,080 $ - $ - Forgiveness of debt due to foreclosure $ 26,000 $ - $ - Investment in real estate joint venture through contribution of real estate $ - $ - $ 35,080 Decrease of noncontrolling interests through sale of real estate $ - $ - $ 17,650 Increase in capital expenditures accrual $ 15,078 $ 8,581 $ 12,622 Issuance of common stock $ 85 $ 493 $ 14,047 Surrender of common stock $ (7,008 ) $ (5,682 ) $ (4,051 ) Declaration of dividends paid in succeeding period $ 124,517 $ 115,182 $ 111,143 Consolidation of Joint Ventures: Increase in real estate and other assets $ 407,813 $ 1,039,335 $ 687,538 Increase in mortgages payable, other liabilities and noncontrolling interests $ 268,194 $ 750,135 $ 492,318 |
Note 21 - Incentive Plans (Tabl
Note 21 - Incentive Plans (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | Shares Weighted-Average Exercise Price Per Share Aggregate Intrinsic Value (in millions) Options outstanding, January 1, 2014 15,374,145 $ 28.79 $ 13.1 Exercised (1,474,432 ) $ 16.19 $ 9.4 Forfeited (2,005,952 ) $ 28.68 Options outstanding, December 31, 2014 11,893,761 $ 30.23 $ 29.8 Exercised (1,019,240 ) $ 18.36 $ 7.4 Forfeited (1,862,080 ) $ 32.55 Options outstanding, December 31, 2015 9,012,441 $ 31.09 $ 27.4 Exercised (1,167,819 ) $ 18.03 $ 12.4 Forfeited (1,830,893 ) $ 39.69 Options outstanding, December 31, 2016 6,013,729 $ 32.09 $ 12.1 Options exercisable (fully vested) - December 31, 2014 10,159,570 $ 31.96 $ 19.9 December 31, 2015 7,617,882 $ 32.90 $ 20.0 December 31, 2016 5,144,416 $ 32.56 $ 11.3 |
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block] | 201 6 201 5 2014 Restricted stock outstanding as of January 1, 1,712,534 1,911,145 1,591,082 Granted 756,530 729,160 804,465 Vested (520,539 ) (875,202 ) (418,309 ) Forfeited (17,793 ) (52,569 ) (66,093 ) Restricted stock outstanding as of December 31, 1,930,732 1,712,534 1,911,145 |
Performance Shares [Member] | |
Notes Tables | |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | 201 6 201 5 201 4 Stock price $ 26.29 $ 26.83 $ 21.49 Dividend yield (1) 0 % 0 % 0 % Risk-free rate 0.87 % 0.98 % 0.65 % Volatility 18.80 % 16.81 % 25.93 % Term of the award (years) 2.88 1.88, 2.88 0.88, 1.88, 2.88 |
Note 22 - Income Taxes (Tables)
Note 22 - Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Book to Tax Reconciliation [Table Text Block] | 201 6 201 5 201 4 (Estimated) (Actual) (Actual) GAAP net income attributable to the Company $ 378,850 $ 894,115 $ 424,001 GAAP net loss/(income) of taxable REIT Subsidiaries 2,414 (6,073 ) (13,110 ) GAAP net income from REIT operations (a) 381,264 888,042 410,891 Net book depreciation in excess of tax depreciation 73,409 21,515 24,890 Capitalized leasing/legal commissions (11,894 ) (14,246 ) (13,576 ) Deferred/prepaid/above-market and below-market rents, net (35,230 ) (32,848 ) (17,967 ) Fair market value debt amortization (15,953 ) (19,723 ) (6,236 ) Restricted stock (4,490 ) (3,094 ) (1,078 ) Book/tax differences from non-qualified stock options (11,301 ) (4,786 ) (5,144 ) Book/tax differences from investments in real estate joint ventures (4,205 ) (294 ) 8,614 Book/tax difference on sale of properties (75,445 ) (64,270 ) (146,173 ) Foreign income tax from capital gains - 5,873 - Cumulative foreign currency translation adjustment & deferred tax adjustment 3,267 - 139,976 Book adjustment to property carrying values and marketable equity securities 29,042 4,484 62,817 Taxable currency exchange loss, net (6,775 ) (47,297 ) (100,602 ) Tangible property regulations deduction (b) (58,000 ) (126,957 ) - Dividends from taxable REIT subsidiaries - 647 67,590 GAAP change in control gain (57,386 ) (149,407 ) (107,235 ) Valuation allowance against net deferred tax assets (see discussion below) 40,097 - - Other book/tax differences, net (9,505 ) (3,618 ) (16,100 ) Adjusted REIT taxable income $ 236,895 $ 454,021 $ 300,667 |
Taxable Characteristics of Distributions Paid [Table Text Block] | 201 6 2015 2014 Preferred H Dividends Ordinary income $ - - $ - - $ 6,762 56 % Capital gain - - 13,417 100 % 5,313 44 % $ - - $ 13,417 100 % $ 12,075 100 % Preferred I Dividends Ordinary income $ 16,320 68 % $ - - $ 13,440 56 % Capital gain 7,680 32 % 24,000 100 % 10,560 44 % $ 24,000 100 % $ 24,000 100 % $ 24,000 100 % Preferred J Dividends Ordinary income $ 8,415 68 % $ - - $ 6,930 56 % Capital gain 3,960 32 % 12,375 100 % 5,445 44 % $ 12,375 100 % $ 12,375 100 % $ 12,375 100 % Preferred K Dividends Ordinary income $ 6,694 68 % $ - - $ 5,513 56 % Capital gain 3,150 32 % 9,844 100 % 4,331 44 % $ 9,844 100 % $ 9,844 100 % $ 9,844 100 % Common Dividends Ordinary income $ 263,892 62 % $ - - $ 132,498 36 % Capital gain 127,689 30 % 394,400 100 % 103,054 28 % Return of capital 34,050 8 % - - 132,498 36 % $ 425,631 100 % $ 394,400 100 % $ 368,050 100 % Total dividends distributed for tax purposes $ 471,850 $ 454,036 $ 426,344 |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | 201 6 201 5 201 4 (Loss)/income before income taxes – U.S. $ (23,810 ) $ 23,729 $ 22,176 Benefit/(provision) for income taxes, net: Federal: Current 2,199 (638 ) (522 ) Deferred (45,097 ) (7,355 ) (7,156 ) Federal tax provision (42,898 ) (7,993 ) (7,678 ) State and local: Current 1,057 (2,535 ) (165 ) Deferred (8,812 ) (1,474 ) (1,223 ) State tax provision (7,755 ) (4,009 ) (1,388 ) Total tax provision – U.S. (50,653 ) (12,002 ) (9,066 ) Net (loss)/income from U.S. taxable REIT subsidiaries $ (74,463 ) $ 11,727 $ 13,110 Income before taxes – Non-U.S. $ 138,253 $ 381,999 $ 116,184 (Provision)/benefit for Non-U.S. income taxes: Current (1) $ (24,393 ) $ (58,365 ) $ (18,131 ) Deferred (3,537 ) 4,331 (6,749 ) Non-U.S. tax provision $ (27,930 ) $ (54,034 ) $ (24,880 ) |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | 201 6 201 5 201 4 Federal provision at statutory tax rate (35%) (1) $ (47,155 ) $ (8,304 ) $ (7,762 ) State and local provision, net of federal benefit (2) (3,498 ) (3,698 ) (1,304 ) Total tax provision – U.S. $ (50,653 ) $ (12,002 ) $ (9,066 ) |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | 201 6 201 5 Deferred tax assets: Tax/GAAP basis differences $ 63,167 $ 49,601 Net operating losses (1) 44,833 40,100 Related party deferred losses 952 1,549 Tax credit carryforwards (2) 5,368 5,304 Capital loss carryforwards 3,659 4,593 Charitable contribution carryforwards 35 22 Non-U.S. tax/GAAP basis differences 513 4,555 Valuation allowance – U.S. (95,126 ) (25,045 ) Valuation allowance – Non-U.S. - (2,860 ) Total deferred tax assets 23,401 77,819 Deferred tax liabilities – U.S. (19,599 ) (19,326 ) Deferred tax liabilities – Non-U.S. (559 ) (3,493 ) Net deferred tax assets $ 3,243 $ 55,000 |
Summary of Income Tax Contingencies [Table Text Block] | 201 6 201 5 Balance at January 1, $ 4,263 $ 4,649 Increases for tax positions related to current year 41 1,084 Increase for tax position due to ASU 2013-11 4,930 - Decreases relating to settlements with taxing authorities (2,000 ) - Reductions due to lapsed statute of limitations (2,272 ) (1,470 ) Balance at December 31, $ 4,962 $ 4,263 |
Note 23 - Accumulated Other C56
Note 23 - Accumulated Other Comprehensive Income (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | Foreign Currency Translation Adjustments Unrealized Gains on Available-for- Sale Investments Unrealized Gain/(Loss) on Interest Rate Swaps Total Balance as of January 1, 2016 $ 6,616 $ 398 $ (1,426 ) $ 5,588 Other comprehensive income before reclassifications (281 ) 8 451 178 Amounts reclassified from AOCI - - - - Net current-period other comprehensive income (281 ) 8 451 178 Balance as of December 31, 2016 $ 6,335 $ 406 $ (975 ) $ 5,766 Foreign Currency Translation Adjustments Unrealized Gains on Available-for- Sale Investments Unrealized Gain/(Loss) on Interest Rate Swaps Total Balance as of January 1, 2015 $ 329 $ 46,197 $ (1,404 ) $ 45,122 Other comprehensive income before reclassifications (12,493 ) (5,946 ) (22 ) (18,461 ) Amounts reclassified from AOCI 18,780 (1) (39,853 )(2) - (21,073 ) Net current-period other comprehensive income 6,287 (45,799 ) (22 ) (39,534 ) Balance as of December 31, 2015 $ 6,616 $ 398 $ (1,426 ) $ 5,588 |
Note 24 - Supplemental Financ57
Note 24 - Supplemental Financial Information (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Quarterly Financial Information [Table Text Block] | 201 6 (Unaudited) Mar. 31 Jun . 30 Sept. 30 Dec. 31 Revenues from rental properties $ 293,091 $ 287,115 $ 279,286 $ 292,909 Net income/(loss) attributable to the Company $ 140,713 $ 203,409 $ (43,545 ) $ 78,273 Net income/(loss) per common share: Basic $ 0.31 $ 0.46 $ (0.13 ) $ 0.16 Diluted $ 0.31 $ 0.46 $ (0.13 ) $ 0.16 201 5 (Unaudited) Mar. 31 Jun . 30 Sept. 30 Dec. 31 Revenues from rental properties $ 275,506 $ 289,080 $ 283,387 $ 296,501 Net income attributable to the Company $ 310,342 $ 127,000 $ 77,572 $ 379,201 Net income per common share: Basic $ 0.72 $ 0.27 $ 0.15 $ 0.87 Diluted $ 0.71 $ 0.27 $ 0.15 $ 0.87 |
Note 25 - Captive Insurance C58
Note 25 - Captive Insurance Company (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Unpaid Losses and Loss Adjustments [Table Text Block] | 201 6 201 5 Balance at the beginning of the year $ 20,046 $ 18,078 Incurred related to: Current year 6,247 7,469 Prior years (67 ) 652 Total incurred 6,180 8,121 Paid related to: Current year (962 ) (1,214 ) Prior years (5,749 ) (4,939 ) Total paid (6,711 ) (6,153 ) Balance at the end of the year $ 19,515 $ 20,046 |
Schedule II - Valuation and Q59
Schedule II - Valuation and Qualifying Accounts (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Summary of Valuation Allowance [Table Text Block] | Balance at beginning of period Charged to expenses Adjustments to valuation accounts Deductions Balance at end of period Year Ended December 31, 2016 Allowance for uncollectable accounts $ 13,918 $ 5,249 $ - $ (6,894 ) $ 12,273 Allowance for deferred tax asset $ 27,905 $ - $ 67,221 $ - $ 95,126 Year Ended December 31, 2015 Allowance for uncollectable accounts $ 10,368 $ 7,333 $ - $ (3,783 ) $ 13,918 Allowance for deferred tax asset $ 34,302 $ - $ (6,397 ) $ - $ 27,905 Year Ended December 31, 2014 Allowance for uncollectable accounts $ 10,771 $ 3,886 $ - $ (4,289 ) $ 10,368 Allowance for deferred tax asset $ 63,712 $ - $ (29,410 ) $ - $ 34,302 |
Schedule III - Real Estate an60
Schedule III - Real Estate and Accumulated Depreciation (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Real Estate Properties [Table Text Block] | INITIAL COST TOTAL COST, BUILDING SUBSEQUENT BUILDING ACCUMULATED NET OF ACCUMULATED DATE OF DATE OF LAND & IMPROVEMENT TO ACQUISITION LAND & IMPROVEMENT TOTAL DEPRECIATION DEPRECIATION ENCUMBRANCES ACQUISITION(A) CONSTRUCTION(C) KEY BANK BUILDING 1,500,000 40,486,755 (12,256,024) 672,719 29,058,012 29,730,731 18,250,563 11,480,168 - 2006 THE GROVE 18,951,763 6,403,809 2,321,874 6,793,454 20,883,992 27,677,446 6,572,921 21,104,525 - 2007 EL MIRAGE 6,786,441 503,987 130,064 6,786,441 634,051 7,420,492 73,155 7,347,337 - 2008 TALAVI TOWN CENTER 8,046,677 17,291,542 394,536 8,046,677 17,686,078 25,732,755 10,390,068 15,342,687 - 2007 MESA PAVILIONS NORTH 6,060,018 35,955,005 24,517 6,060,018 35,979,522 42,039,540 7,909,208 34,130,332 - 2009 MESA RIVERVIEW 15,000,000 - 139,963,982 307,992 154,655,990 154,963,982 48,059,971 106,904,011 - 2005 MESA PAVILLIONS - SOUTH - 148,508 99,649 - 248,157 248,157 96,454 151,703 - 2011 METRO SQUARE 4,101,017 16,410,632 1,249,341 4,101,017 17,659,973 21,760,990 8,377,898 13,383,092 - 1998 HAYDEN PLAZA NORTH 2,015,726 4,126,509 5,114,019 2,015,726 9,240,528 11,256,254 4,030,084 7,226,170 - 1998 PLAZA DEL SOL 5,324,502 21,269,943 2,164,169 4,577,870 24,180,744 28,758,614 8,268,728 20,489,886 - 1998 PLAZA MOUNTAINSIDE 2,450,341 9,802,046 1,809,711 2,450,341 11,611,757 14,062,098 5,707,659 8,354,439 - 1997 VILLAGE CROSSROADS 5,662,554 24,981,223 607,424 5,662,554 25,588,647 31,251,201 4,248,058 27,003,143 - 2011 NORTH VALLEY 6,861,564 18,200,901 6,140,408 3,861,272 27,341,601 31,202,873 4,277,047 26,925,826 - 2011 CHRISTOWN SPECTRUM 33,831,349 91,004,070 12,655,279 76,638,512 60,852,186 137,490,698 5,027,963 132,462,735 63,919,515 2015 ASANTE RETAIL CENTER 8,702,635 3,405,683 2,866,807 11,039,471 3,935,654 14,975,125 422,495 14,552,630 - 2004 SURPRISE SPECTRUM 4,138,760 94,572 1,035 4,138,760 95,607 4,234,367 11,331 4,223,036 - 2008 BELL CAMINO CENTER 2,427,465 6,439,065 209,620 2,427,465 6,648,685 9,076,150 1,662,105 7,414,045 - 2012 COLLEGE PARK SHOPPING CENTER 3,276,952 7,741,323 937,255 3,276,952 8,678,578 11,955,530 2,032,716 9,922,814 - 2011 COSTCO PLAZA - 541 4,995,639 19,982,557 454,041 4,995,639 20,436,598 25,432,237 9,919,333 15,512,904 - 1998 BROOKHURST CENTER 10,492,714 31,357,513 - 10,492,715 31,357,512 41,850,227 170,330 41,679,897 - 2016 LAKEWOOD PLAZA 1,294,176 3,669,266 (90,654) - 4,872,788 4,872,788 1,253,991 3,618,797 - 2014 MADISON PLAZA 5,874,396 23,476,190 2,639,269 5,874,395 26,115,460 31,989,855 11,883,068 20,106,787 - 1998 BROADWAY PLAZA - 544 6,460,743 25,863,153 12,015,147 6,460,743 37,878,300 44,339,043 15,834,816 28,504,227 - 1998 CORONA HILLS PLAZA 13,360,965 53,373,453 7,747,951 13,360,965 61,121,404 74,482,369 30,140,783 44,341,586 - 1998 280 METRO CENTER 38,734,566 94,903,404 978,329 38,734,567 95,881,732 134,616,299 8,594,553 126,021,746 - 2015 LABAND VILLAGE SHOPPING CENTER 5,600,000 13,289,347 161,263 5,607,237 13,443,373 19,050,610 7,224,966 11,825,644 8,089,040 2008 CUPERTINO VILLAGE 19,886,099 46,534,919 21,651,908 19,886,099 68,186,827 88,072,926 18,539,471 69,533,455 - 2006 NORTH COUNTY PLAZA 10,205,305 28,934,219 (1,428,787) 20,894,811 16,815,926 37,710,737 2,511,204 35,199,533 - 2014 CHICO CROSSROADS 9,975,810 30,534,524 1,278,945 9,985,651 31,803,628 41,789,279 8,872,060 32,917,219 - 2008 CHICO EAST & ESPLANADE(RALEYS) 2,508,716 12,886,184 (1,312,384) 2,284,856 11,797,660 14,082,516 687,471 13,395,045 3,994,238 2015 CORONA HILLS MARKETPLACE 9,727,446 24,778,390 667,593 9,727,446 25,445,983 35,173,429 8,199,536 26,973,893 - 2007 RIVER PARK CROSSING 4,324,000 18,018,653 1,136,480 4,324,000 19,155,133 23,479,133 3,859,696 19,619,437 - 2009 CREEKSIDE CENTER 3,870,823 11,562,580 - 3,870,823 11,562,580 15,433,403 62,601 15,370,802 - 2016 GOLD COUNTRY CENTER 3,272,212 7,864,878 29,687 3,278,290 7,888,487 11,166,777 3,425,408 7,741,369 - 2008 LA MIRADA THEATRE CENTER 8,816,741 35,259,965 (3,469,732) 6,888,680 33,718,294 40,606,974 14,838,975 25,767,999 - 1998 KENNETH HAHN PLAZA 4,114,863 7,660,855 880,557 4,114,863 8,541,412 12,656,275 3,046,335 9,609,940 - 2010 LA VERNE TOWN CENTER 8,414,328 23,856,418 10,840,420 16,362,169 26,748,997 43,111,166 2,401,901 40,709,265 - 2014 LINCOLN HILLS TOWN CENTER 8,228,587 26,127,322 28,378 8,228,586 26,155,701 34,384,287 2,281,415 32,102,872 24,416,451 2015 NOVATO FAIR S.C. 9,259,778 15,599,790 723,259 9,259,778 16,323,049 25,582,827 5,779,281 19,803,546 - 2009 SOUTH NAPA MARKET PLACE 1,100,000 22,159,086 20,615,121 23,119,071 20,755,136 43,874,207 9,867,595 34,006,612 - 2006 PLAZA DI NORTHRIDGE 12,900,000 40,574,842 892,428 12,900,000 41,467,270 54,367,270 14,601,761 39,765,509 - 2005 LINDA MAR SHPPING CENTER 16,548,592 37,521,194 1,418,767 16,548,592 38,939,961 55,488,553 5,972,288 49,516,265 - 2014 POWAY CITY CENTRE 5,854,585 13,792,470 8,378,985 7,247,813 20,778,227 28,026,040 8,030,783 19,995,257 - 2005 REDWOOD CITY PLAZA 2,552,000 6,215,168 5,900,877 2,552,000 12,116,045 14,668,045 1,083,976 13,584,069 - 2009 STANFORD RANCH 10,583,764 30,007,231 (1,670,000) 9,982,626 28,938,369 38,920,995 2,938,618 35,982,377 14,751,853 2014 TYLER STREET PLAZA 3,020,883 7,811,339 (12,456) 3,200,516 7,619,250 10,819,766 2,612,860 8,206,906 - 2008 CROCKER RANCH 7,526,146 24,877,611 16,984 7,526,146 24,894,595 32,420,741 1,545,850 30,874,891 11,237,112 2015 HOME DEPOT PLAZA 4,592,364 18,345,258 - 4,592,365 18,345,257 22,937,622 8,870,544 14,067,078 - 1998 SANTEE TROLLEY SQUARE 40,208,683 62,963,757 535,614 40,208,683 63,499,371 103,708,054 13,018,268 90,689,786 - 2015 SAN/DIEGO CARMEL MOUNTAIN 5,322,600 8,873,991 88,334 5,322,600 8,962,325 14,284,925 2,125,865 12,159,060 - 2009 FULTON MARKET PLACE 2,966,018 6,920,710 1,237,558 2,966,018 8,158,268 11,124,286 2,988,086 8,136,200 - 2005 MARIGOLD SHOPPING CENTER 15,300,000 25,563,978 4,183,111 15,300,000 29,747,089 45,047,089 14,620,807 30,426,282 - 2005 CANYON SQUARE PLAZA 2,648,112 13,876,095 978,581 2,648,112 14,854,676 17,502,788 2,484,006 15,018,782 - 2013 BLACK MOUNTAIN VILLAGE 4,678,015 11,913,344 684,763 4,678,014 12,598,108 17,276,122 4,228,513 13,047,609 - 2007 RANCHO PENASQUITOS TOWNE CTR I 14,851,595 20,342,165 304,024 14,851,595 20,646,189 35,497,784 1,745,657 33,752,127 14,384,811 2015 RANCHO PENASQUITOS TWN CTR. II 12,944,972 20,323,961 177,977 12,944,972 20,501,938 33,446,910 1,794,662 31,652,248 11,038,466 2015 CITY HEIGHTS 10,687,472 28,324,896 (752,643) 13,908,563 24,351,162 38,259,725 2,778,412 35,481,313 - 2012 TRUCKEE CROSSROADS 2,140,000 8,255,753 1,146,729 2,140,000 9,402,482 11,542,482 5,382,067 6,160,415 2,340,536 2006 GATEWAY AT DONNER PASS 4,515,688 8,318,667 226,813 4,515,688 8,545,480 13,061,168 997,166 12,064,002 2,719,649 2015 WESTLAKE SHOPPING CENTER 16,174,307 64,818,562 99,467,618 16,174,307 164,286,180 180,460,487 48,298,485 132,162,002 - 2002 LAKEWOOD VILLAGE 8,597,100 24,374,615 (1,241,442) 11,683,364 20,046,909 31,730,273 2,648,966 29,081,307 - 2014 SAVI RANCH 7,295,646 29,752,511 126,568 7,295,646 29,879,079 37,174,725 4,753,605 32,421,120 - 2012 VILLAGE ON THE PARK 2,194,463 8,885,987 9,224,144 3,018,391 17,286,203 20,304,594 5,791,482 14,513,112 - 1998 QUINCY PLACE S.C. 1,148,317 4,608,249 1,611,804 1,148,318 6,220,052 7,368,370 2,869,681 4,498,689 - 1998 EAST BANK S.C. 1,500,568 6,180,103 1,873,781 1,500,568 8,053,884 9,554,452 3,620,475 5,933,977 - 1998 NORTHRIDGE SHOPPING CENTER 4,932,690 16,496,176 1,722,954 8,934,385 14,217,435 23,151,820 1,758,919 21,392,901 - 2013 SPRING CREEK S.C. 1,423,260 5,718,813 (1,654,650) 603,270 4,884,153 5,487,423 3,549,720 1,937,703 - 1998 DENVER WEST 38TH STREET 161,167 646,983 69 161,167 647,052 808,219 313,795 494,424 - 1998 ENGLEWOOD PLAZA 805,837 3,232,650 442,081 805,836 3,674,732 4,480,568 1,798,011 2,682,557 - 1998 FORT COLLINS S.C. 1,253,497 7,625,278 1,599,607 1,253,496 9,224,886 10,478,382 3,647,392 6,830,990 - 2000 GREELEY COMMONS 3,313,095 20,069,559 104,137 3,313,095 20,173,696 23,486,791 3,605,618 19,881,173 - 2012 HIGHLANDS RANCH VILLAGE S.C. 8,135,427 21,579,936 (659,420) 5,337,081 23,718,862 29,055,943 3,641,248 25,414,695 - 2011 VILLAGE CENTER WEST 2,010,519 8,361,085 60,687 2,010,520 8,421,771 10,432,291 1,248,737 9,183,554 5,503,328 2011 HIGHLANDS RANCH II 3,514,837 11,755,916 204,961 3,514,837 11,960,877 15,475,714 2,272,093 13,203,621 - 2013 HIGHLANDS RANCH PARCEL 1,140,000 2,660,000 64,239 1,140,000 2,724,239 3,864,239 120,726 3,743,513 - 2014 HERITAGE WEST S.C. 1,526,576 6,124,074 1,126,064 1,526,576 7,250,138 8,776,714 3,320,154 5,456,560 - 1998 MARKET AT SOUTHPARK 9,782,769 20,779,522 264,140 9,782,769 21,043,662 30,826,431 3,881,881 26,944,550 - 2011 NEWTOWN S.C. - 15,635,442 - - 15,635,442 15,635,442 1,421,090 14,214,352 8,502,201 2014 WEST FARM SHOPPING CENTER 5,805,969 23,348,024 14,403,752 7,585,116 35,972,629 43,557,745 13,063,627 30,494,118 - 1998 HAMDEN MART 13,668,167 40,890,166 - 13,668,167 40,890,166 54,558,333 221,050 54,337,283 22,404,073 2016 HOME DEPOT PLAZA 7,704,968 30,797,640 2,712,557 7,704,968 33,510,197 41,215,165 13,564,341 27,650,824 - 1998 WILTON RIVER PARK SHOPPING CTR 7,154,585 27,509,279 (224,537) 7,154,585 27,284,742 34,439,327 3,581,639 30,857,688 - 2012 BRIGHT HORIZONS 1,211,748 4,610,610 9,499 1,211,748 4,620,109 5,831,857 684,714 5,147,143 - 2012 WILTON CAMPUS 10,168,872 31,893,016 254,233 10,168,872 32,147,249 42,316,121 6,500,963 35,815,158 - 2013 CAMDEN SQUARE 122,741 66,738 4,309,722 3,024,375 1,474,826 4,499,201 155,208 4,343,993 - 2003 PROMENADE AT CHRISTIANA 14,371,686 - 11,148,877 25,520,563 - 25,520,563 - 25,520,563 - 2014 BRANDYWINE COMMONS - 36,057,487 (505,731) - 35,551,756 35,551,756 3,276,507 32,275,249 - 2014 CAMINO SQUARE 573,875 2,295,501 2,665,024 733,875 4,800,525 5,534,400 3,636,784 1,897,616 - 1992 BONITA GRANDE CROSSINGS 3,370,941 8,179,481 52,500 3,370,941 8,231,981 11,602,922 668,033 10,934,889 - 2015 HOLLYWOOD VIDEO BONITA GRANDE 341,958 771,935 - 341,958 771,935 1,113,893 68,673 1,045,220 - 2015 CORAL SQUARE PROMENADE 710,000 2,842,907 3,993,496 710,000 6,836,403 7,546,403 3,565,857 3,980,546 - 1994 MAPLEWOOD PLAZA 1,649,000 6,626,301 1,161,119 1,649,000 7,787,420 9,436,420 3,541,619 5,894,801 - 1997 CURLEW CROSSING SHOPPING CTR 5,315,955 12,529,467 2,107,472 5,315,954 14,636,940 19,952,894 5,461,751 14,491,143 - 2005 SHOPS AT SANTA BARBARA PHASE 1 743,463 5,373,994 - 743,463 5,373,994 6,117,457 462,609 5,654,848 - 2015 SHOPS AT SANTA BARBARA PHASE 2 331,692 2,488,832 - 331,692 2,488,832 2,820,524 200,524 2,620,000 - 2015 SHOPS AT SANTA BARBARA PHASE 3 329,726 2,358,700 (12,082) 329,726 2,346,618 2,676,344 217,112 2,459,232 - 2015 CORAL POINTE S.C. 2,411,608 20,507,735 (25,164) 2,411,608 20,482,571 22,894,179 1,580,664 21,313,515 - 2015 PUBLIX AT ADDISON 3,211,156 6,747,895 - 3,211,156 6,747,895 9,959,051 350,697 9,608,354 - 2015 ADDISON CENTER PROF.BUILDING 802,789 1,310,012 (45,779) 802,789 1,264,233 2,067,022 75,322 1,991,700 - 2015 DANIA POINTE 105,113,024 - 2,000,000 107,113,024 - 107,113,024 - 107,113,024 - 2016 FT.LAUDERDALE/CYPRESS CREEK 14,258,760 28,042,390 2,415,038 14,258,760 30,457,428 44,716,188 9,171,140 35,545,048 - 2009 HOMESTEAD-WACHTEL LAND LEASE 150,000 - - 150,000 - 150,000 - 150,000 - 2013 OAKWOOD PLAZA NORTH 35,300,961 141,731,019 - 35,300,961 141,731,019 177,031,980 4,333,815 172,698,165 100,000,000 2016 OAKWOOD PLAZA SOUTH 11,126,610 40,592,103 - 11,126,610 40,592,103 51,718,713 1,487,871 50,230,842 - 2016 OAKWOOD BUSINESS CTR-BLDG 1 6,792,500 18,662,565 3,027,668 6,792,500 21,690,233 28,482,733 5,592,134 22,890,599 - 2009 AMELIA CONCOURSE 7,600,000 - 2,508,435 676,791 9,431,644 10,108,435 2,819,327 7,289,108 - 2003 KIMCO AVENUES WALK, LLC 26,984,546 - 47,260,955 29,784,056 44,461,445 74,245,501 63,344 74,182,157 - 2005 DUVAL STATION S.C. 1,807,792 11,863,692 114,840 1,807,792 11,978,532 13,786,324 828,285 12,958,039 - 2015 RIVERPLACE SHOPPING CTR. 7,503,282 31,011,027 1,375,379 7,200,050 32,689,638 39,889,688 8,655,946 31,233,742 - 2010 MERCHANTS WALK 2,580,816 10,366,090 6,496,524 2,580,816 16,862,614 19,443,430 7,283,589 12,159,841 - 2001 WAL-MART PLAZA 293,686 792,119 1,726,636 293,686 2,518,755 2,812,441 2,210,865 601,576 - 1968 LEESBURG SHOPS - 171,636 193,651 - 365,287 365,287 365,287 - - 1969 TRI-CITY PLAZA 2,832,296 11,329,185 19,606,325 2,832,296 30,935,510 33,767,806 2,730,210 31,037,596 - 1992 FT LAUDERDALE #1, FL 1,002,733 2,602,415 12,831,516 1,774,443 14,662,221 16,436,664 9,613,856 6,822,808 - 1974 LAKE WALES S.C. 601,052 - - 601,052 - 601,052 - 601,052 - 2009 NASA PLAZA - 1,754,000 2,653,265 - 4,407,265 4,407,265 3,243,997 1,163,268 - 1968 GROVE GATE S.C. 365,893 1,049,172 1,207,100 365,893 2,256,272 2,622,165 1,959,640 662,525 - 1968 CHEVRON OUTPARCEL 530,570 1,253,410 - 530,570 1,253,410 1,783,980 334,762 1,449,218 - 2010 IVES DAIRY CROSSING 732,914 4,080,460 11,065,138 732,914 15,145,598 15,878,512 9,101,199 6,777,313 - 1985 MILLER ROAD S.C. 1,138,082 4,552,327 4,535,416 1,138,082 9,087,743 10,225,825 5,760,824 4,465,001 - 1986 TRI-CITIES SHOPPING PLAZA 1,011,000 4,062,890 3,190,909 1,011,000 7,253,799 8,264,799 596,772 7,668,027 - 1997 KENDALE LAKES PLAZA 18,491,461 28,496,001 (2,055,786) 15,362,227 29,569,449 44,931,676 6,605,625 38,326,051 - 2009 PLANTATION CROSSING 7,524,800 - (5,003,280) 2,008,617 512,903 2,521,520 91,054 2,430,466 - 2005 CENTRE OF MERRITT 1,806,275 9,592,435 - 1,806,275 9,592,435 11,398,710 623,343 10,775,367 - 2015 MILLER WEST PLAZA 6,725,660 10,661,420 - 6,725,660 10,661,420 17,387,080 774,598 16,612,482 - 2015 CORSICA SQUARE S.C. 7,225,100 10,757,386 112,000 7,225,100 10,869,386 18,094,486 918,110 17,176,376 10,840,743 2015 MILTON, FL 1,275,593 - - 1,275,593 - 1,275,593 - 1,275,593 - 2007 FLAGLER PARK 26,162,980 80,737,041 3,482,952 26,725,480 83,657,493 110,382,973 20,442,791 89,940,182 - 2007 PARK HILL PLAZA 10,763,612 19,264,248 187,262 10,763,612 19,451,510 30,215,122 3,784,223 26,430,899 - 2011 WINN DIXIE-MIAMI 2,989,640 9,410,360 (51,872) 3,544,297 8,803,831 12,348,128 677,157 11,670,971 - 2013 MARATHON SHOPPING CENTER 2,412,929 8,069,450 1,013,493 1,514,731 9,981,141 11,495,872 1,112,710 10,383,162 - 2013 SODO S.C. - 68,139,271 8,283,273 142,195 76,280,349 76,422,544 16,306,907 60,115,637 - 2008 RENAISSANCE CENTER 9,104,379 36,540,873 14,913,118 9,122,758 51,435,612 60,558,370 17,171,361 43,387,009 - 1998 MILLENIA PLAZA PHASE II 7,711,000 20,702,992 1,650,193 7,698,200 22,365,985 30,064,185 7,880,425 22,183,760 - 2009 RIVERSIDE LANDINGS S.C. 3,512,202 14,439,668 96,924 3,512,202 14,536,592 18,048,794 1,012,519 17,036,275 - 2015 GRAND OAKS VILLAGE 7,409,319 19,653,869 (627,365) 5,846,339 20,589,484 26,435,823 3,451,536 22,984,287 - 2011 LOWES S.C. 1,620,203 - 40,689 954,876 706,016 1,660,892 125,514 1,535,378 - 2007 POMPANO POINTE S.C. 10,516,500 10,469,592 530,900 10,516,500 11,000,492 21,516,992 456,268 21,060,724 - 2012 UNIVERSITY TOWN CENTER 5,515,265 13,041,400 426,693 5,515,265 13,468,093 18,983,358 2,378,907 16,604,451 - 2011 PALM BEACH GARDENS 2,764,953 11,059,812 668,875 2,764,953 11,728,687 14,493,640 1,551,717 12,941,923 - 2009 OAK TREE PLAZA - 917,360 1,562,941 - 2,480,301 2,480,301 1,264,152 1,216,149 - 1968 TUTTLEBEE PLAZA 254,961 828,465 2,142,270 254,961 2,970,735 3,225,696 2,193,861 1,031,835 - 2008 SOUTH MIAMI S.C. 1,280,440 5,133,825 3,121,059 1,280,440 8,254,884 9,535,324 4,254,038 5,281,286 - 1995 CARROLLWOOD COMMONS 5,220,445 16,884,228 2,339,166 5,220,445 19,223,394 24,443,839 8,996,615 15,447,224 - 1997 VILLAGE COMMONS SHOPPING CENT. 2,192,331 8,774,158 2,760,666 2,192,331 11,534,824 13,727,155 5,417,404 8,309,751 - 1998 MISSION BELL SHOPPING CENTER 5,056,426 11,843,119 8,634,466 5,067,033 20,466,978 25,534,011 6,509,898 19,024,113 - 2004 VILLAGE COMMONS S.C. 2,026,423 5,106,476 1,923,704 2,026,423 7,030,180 9,056,603 1,236,632 7,819,971 - 2013 BELMART PLAZA 1,656,097 3,394,420 5,585,602 1,656,097 8,980,022 10,636,119 403,154 10,232,965 - 2014 AUGUSTA SQUARE 1,482,564 5,928,122 2,007,334 1,482,564 7,935,456 9,418,020 4,260,861 5,157,159 - 1995 MARKET AT HAYNES BRIDGE 4,880,659 21,549,424 1,238,043 4,889,863 22,778,263 27,668,126 6,751,969 20,916,157 - 2008 EMBRY VILLAGE 18,147,054 33,009,514 908,584 18,160,525 33,904,627 52,065,152 17,260,605 34,804,547 - 2008 PERIMETER EXPO PROPERTY 14,770,275 44,295,457 - 14,770,275 44,295,457 59,065,732 477,748 58,587,984 40,983,821 2016 RIVERWALK MARKETPLACE 3,512,202 18,862,571 - 3,512,202 18,862,571 22,374,773 995,324 21,379,449 - 2015 VILLAGE SHOPPES-FLOWERY BRANCH 4,444,148 10,510,657 303,983 4,444,148 10,814,640 15,258,788 2,395,174 12,863,614 - 2011 LAWRENCEVILLE MARKET 8,878,266 29,691,191 (44,182) 9,060,436 29,464,839 38,525,275 4,125,715 34,399,560 - 2013 FIVE FORKS CROSSING 2,363,848 7,906,257 372,465 2,363,848 8,278,722 10,642,570 1,646,665 8,995,905 - 2013 BRAELINN VILLAGE 7,314,719 20,738,792 1,149,049 6,342,926 22,859,634 29,202,560 2,185,264 27,017,296 - 2014 SAVANNAH CENTER 2,052,270 8,232,978 3,599,399 2,052,270 11,832,377 13,884,647 6,520,291 7,364,356 - 1993 CHATHAM PLAZA 13,390,238 35,115,882 2,092,634 13,403,262 37,195,492 50,598,754 12,496,124 38,102,630 - 2008 CLIVE PLAZA 500,525 2,002,101 - 500,525 2,002,101 2,502,626 1,073,777 1,428,849 - 1996 DUBUQUE CENTER - 2,152,476 239,217 - 2,391,693 2,391,693 1,516,782 874,911 - 1997 TREASURE VALLEY 6,501,240 - (4,284,637) 1,110,530 1,106,073 2,216,603 127,733 2,088,870 - 2005 BLOOMINGTON COMMONS 805,521 2,222,353 4,494,864 805,521 6,717,217 7,522,738 4,816,390 2,706,348 - 1972 87TH STREET CENTER - 2,687,046 8,092,727 6,992,648 3,787,125 10,779,773 2,284,313 8,495,460 - 1997 ELSTON CHICAGO 1,010,374 5,692,212 498,828 1,010,374 6,191,040 7,201,414 2,763,188 4,438,226 - 1997 DOWNERS PARK PLAZA 2,510,455 10,164,494 1,967,032 2,510,455 12,131,526 14,641,981 5,418,098 9,223,883 - 1999 DOWNERS PARK PLAZA 811,778 4,322,956 3,348,460 811,778 7,671,416 8,483,194 3,600,499 4,882,695 - 1997 TOWN & COUNTRY S.C. 842,555 2,108,674 2,767,311 500,927 5,217,613 5,718,540 3,320,591 2,397,949 - 1972 FAIRVIEW CITY CENTRE - 11,866,880 12,943,654 1,900,000 22,910,534 24,810,534 1,853,323 22,957,211 - 1998 SHOPS AT KILDEER 5,259,542 28,141,501 2,486,761 5,259,542 30,628,262 35,887,804 4,422,498 31,465,306 - 2013 MOUNT PROSPECT CENTER 1,017,345 6,572,176 4,047,329 1,017,345 10,619,505 11,636,850 5,762,647 5,874,203 - 1997 MUNDELEIN SHOPPING CENTER 1,127,720 5,826,129 136,968 1,129,634 5,961,183 7,090,817 2,800,456 4,290,361 - 1998 MARKETPLACE OF OAKLAWN - 678,668 108,483 - 787,151 787,151 714,718 72,433 - 1998 OAK LAWN CENTER 1,530,111 8,776,631 666,590 1,530,111 9,443,221 10,973,332 4,656,435 6,316,897 - 1997 22ND STREET PLAZA 1,527,188 8,679,108 4,081,004 1,527,188 12,760,112 14,287,300 5,611,968 8,675,332 - 1997 ROCKFORD CROSSINGS 4,575,990 11,654,022 (2,628,093) 3,816,080 9,785,839 13,601,919 3,208,253 10,393,666 - 2008 SKOKIE POINTE - 2,276,360 9,487,443 2,628,440 9,135,363 11,763,803 3,686,787 8,077,016 - 1997 HAWTHORN HILLS SQUARE 6,783,928 33,033,624 4,028,883 6,783,928 37,062,507 43,846,435 6,266,665 37,579,770 19,375,231 2012 WOODGROVE FESTIVAL 5,049,149 20,822,993 5,130,768 4,805,866 26,197,044 31,002,910 12,562,704 18,440,206 - 1998 GROVE PARCEL 907,291 2,240,810 - 907,291 2,240,810 3,148,101 216,402 2,931,699 - 2016 WOODRIDGE PAD 702,757 1,746,223 - 702,757 1,746,223 2,448,980 81,704 2,367,276 - 2016 GREENWOOD S.C. 423,371 1,883,421 10,388,475 1,801,822 10,893,445 12,695,267 4,145,861 8,549,406 - 1970 SOUTH PARK S.C. 1,675,031 6,848,209 6,362,777 1,551,079 13,334,938 14,886,017 7,913,763 6,972,254 - 1993 CENTRE AT WESTBANK 9,554,230 24,401,082 1,070,226 9,329,880 25,695,658 35,025,538 8,296,073 26,729,465 18,533,743 2008 AMBASSADOR PLAZA 1,803,672 4,260,966 251,561 1,796,972 4,519,227 6,316,199 1,186,224 5,129,975 4,374,638 2010 EAST SIDE PLAZA 3,295,799 7,785,942 180,773 3,295,635 7,966,879 11,262,514 2,197,127 9,065,387 - 2010 ABINGTON PLAZA 10,457,183 494,652 - 10,457,183 494,652 10,951,835 89,429 10,862,406 4,387,721 2014 WASHINGTON ST.PLAZA 11,007,593 5,652,368 8,851,085 12,957,593 12,553,453 25,511,046 878,925 24,632,121 5,914,448 2014 MEMORIAL PLAZA 16,411,388 27,553,908 323,380 16,411,388 27,877,288 44,288,676 2,467,356 41,821,320 16,309,360 2014 MAIN ST. PLAZA 555,898 2,139,494 - 555,898 2,139,494 2,695,392 215,377 2,480,015 1,375,084 2014 MORRISSEY PLAZA 4,097,251 3,751,068 - 4,097,251 3,751,068 7,848,319 505,455 7,342,864 3,150,546 2014 GLENDALE SQUARE 4,698,891 7,141,090 133,070 4,698,891 7,274,160 11,973,051 920,547 11,052,504 5,647,196 2014 FALMOUTH PLAZA 2,361,071 13,065,817 334,684 2,361,071 13,400,501 15,761,572 1,276,155 14,485,417 7,946,761 2014 WAVERLY PLAZA 1,215,005 3,622,911 5,426 1,203,205 3,640,137 4,843,342 443,908 4,399,434 2,317,720 2014 BARRINGTON PLAZA S.C. 642,170 2,547,830 7,667,513 751,124 10,106,389 10,857,513 4,923,540 5,933,973 - 1994 FESTIVAL OF HYANNIS S.C. 15,038,197 40,682,853 948,247 15,038,197 41,631,100 56,669,297 5,524,945 51,144,352 - 2014 FELLSWAY PLAZA 5,300,388 11,013,543 92,558 5,300,388 11,106,101 16,406,489 1,145,971 15,260,518 6,742,131 2014 DEL ALBA PLAZA 3,163,033 8,967,874 19,995 3,163,033 8,987,869 12,150,902 665,099 11,485,803 7,942,609 2014 NORTH QUINCY PLAZA 6,332,542 17,954,110 (782,383) 3,894,436 19,609,833 23,504,269 1,591,805 21,912,464 - 2014 ADAMS PLAZA 2,089,363 3,226,648 248,359 2,089,363 3,475,007 5,564,370 307,934 5,256,436 1,870,765 2014 BROADWAY PLAZA 6,485,065 343,422 - 6,485,065 343,422 6,828,487 67,420 6,761,067 2,870,966 2014 SHREWSBURY S.C. 1,284,168 5,284,853 5,466,855 1,284,168 10,751,708 12,035,876 4,277,257 7,758,619 - 2000 VINNIN SQUARE PLAZA 5,545,425 16,324,060 (214,252) 5,545,425 16,109,808 21,655,233 2,032,293 19,622,940 9,173,706 2014 PARADISE PLAZA 4,183,038 12,194,885 536,224 4,183,038 12,731,109 16,914,147 1,470,800 15,443,347 8,865,650 2014 BELMONT PLAZA 11,104,983 848,844 - 11,104,983 848,844 11,953,827 112,244 11,841,583 5,237,954 2014 VINNIN SQUARE IN-LINE 582,228 2,094,560 (109,616) 582,228 1,984,944 2,567,172 196,341 2,370,831 - 2014 LINDEN PLAZA 4,628,215 3,535,431 437,334 4,628,215 3,972,765 8,600,980 555,369 8,045,611 3,527,131 2014 NORTH AVE. PLAZA 1,163,875 1,194,673 15,933 1,163,875 1,210,606 2,374,481 149,740 2,224,741 897,489 2014 WASHINGTON ST. S.C. 7,380,918 9,987,119 391,907 7,380,918 10,379,026 17,759,944 887,059 16,872,885 6,286,514 2014 MILL ST. PLAZA 4,195,024 6,203,410 205,071 4,195,024 6,408,481 10,603,505 821,636 9,781,869 4,110,675 2014 FULLERTON PLAZA 14,237,901 6,743,980 (352,777) 14,237,901 6,391,203 20,629,104 855,593 19,773,511 12,551,399 2014 GREENBRIER S.C. 8,891,468 30,304,760 (48,812) 8,891,468 30,255,948 39,147,416 2,842,793 36,304,623 12,488,817 2014 INGLESIDE S.C. 10,416,726 17,889,235 (156,601) 10,416,726 17,732,634 28,149,360 2,186,844 25,962,516 19,320,814 2014 ROLLING ROAD PLAZA 2,510,395 11,930,217 (82,994) 2,508,715 11,848,903 14,357,618 904,646 13,452,972 - 2015 SECURITY SQUARE SHOPPING CTR. 5,342,463 15,147,024 (3,355,446) 4,572,639 12,561,402 17,134,041 1,269,556 15,864,485 16,221,870 2014 WILKENS BELTWAY PLAZA 9,948,235 22,125,942 147,794 9,948,235 22,273,736 32,221,971 2,730,525 29,491,446 - 2014 YORK ROAD PLAZA 4,276,715 37,205,757 29,473 4,276,715 37,235,230 41,511,945 3,247,427 38,264,518 - 2014 PUTTY HILL PLAZA 4,192,152 11,112,111 456,319 4,192,152 11,568,430 15,760,582 2,153,516 13,607,066 - 2013 SNOWDEN SQUARE S.C. 1,929,402 4,557,934 5,155,349 3,326,422 8,316,263 11,642,685 1,213,234 10,429,451 - 2012 COLUMBIA CROSSING 3,612,550 34,344,509 159,554 3,612,550 34,504,063 38,116,613 2,323,495 35,793,118 - 2015 DORSEY'S SEARCH VILLAGE CENTER 6,321,963 27,996,087 (33,532) 6,321,963 27,962,555 34,284,518 1,673,230 32,611,288 - 2015 HICKORY RIDGE 7,183,646 26,947,776 469,483 7,183,646 27,417,259 34,600,905 2,333,408 32,267,497 - 2015 HICKORY RIDGE (SUNOCO) 543,197 2,122,234 - 543,197 2,122,234 2,665,431 174,802 2,490,629 - 2015 KINGS CONTRIVANCE 9,308,349 31,759,940 289,751 9,308,349 32,049,691 41,358,040 2,880,736 38,477,304 23,036,820 2014 HARPER'S CHOICE 8,429,284 18,373,994 246,478 8,429,284 18,620,472 27,049,756 1,475,298 25,574,458 - 2015 WILDE LAKE 1,468,038 5,869,862 22,579,270 2,577,073 27,340,097 29,917,170 8,351,586 21,565,584 - 2002 RIVERHILL VILLAGE CENTER 16,825,496 23,282,222 156,233 16,825,496 23,438,455 40,263,951 2,955,172 37,308,779 22,686,843 2014 OLD BRANCH PLAZA 39,779 130,716 2,026,165 121,747 2,074,913 2,196,660 246,706 1,949,954 - 2003 COLUMBIA CROSSING OUTPARCELS 1,279,200 2,870,800 13,977,613 4,597,200 13,530,413 18,127,613 1,993,683 16,133,930 - 2011 COLUMBIA CROSSING II SHOP.CTR. 3,137,628 19,868,075 2,625,989 3,137,628 22,494,064 25,631,692 3,667,910 21,963,782 - 2013 SHOPS AT DISTRICT HEIGHTS 8,165,638 21,970,661 (1,396,775) 7,298,215 21,441,309 28,739,524 754,538 27,984,986 14,005,190 2015 ENCHANTED FOREST S.C. 20,123,946 34,345,102 145,118 20,123,946 34,490,220 54,614,166 4,157,739 50,456,427 - 2014 SHOPPES AT EASTON 6,523,713 16,402,204 93,697 6,523,713 16,495,901 23,019,614 1,549,799 21,469,815 - 2014 VILLAGES AT URBANA 3,190,074 6,067 13,493,944 4,828,774 11,861,311 16,690,085 1,531,750 15,158,335 - 2003 GAITHERSBURG S.C. 244,890 6,787,534 384,231 244,890 7,171,765 7,416,655 3,110,363 4,306,292 - 1999 KENTLANDS MARKET SQUARE 20,167,048 84,615,052 - 20,167,048 84,615,052 104,782,100 1,569,436 103,212,664 34,521,793 2016 SHAWAN PLAZA 4,466,000 20,222,367 (1,451,885) 4,466,000 18,770,482 23,236,482 10,346,400 12,890,082 4,270,079 2008 LAUREL PLAZA 349,562 1,398,250 3,704,961 1,571,288 3,881,485 5,452,773 1,731,567 3,721,206 - 1995 LAUREL PLAZA 274,580 1,100,968 173,969 274,580 1,274,937 1,549,517 1,156,349 393,168 - 1972 NORTH EAST STATION 8,219,613 9,536,990 (4,446,037) 5,593,160 7,717,406 13,310,566 1,127,040 12,183,526 8,276,083 2014 OWINGS MILLS THEATER/RSTRNTS 23,378,543 1,089,760 16,500,314 39,856,836 1,111,781 40,968,617 67,754 40,900,863 - 2015 CENTRE COURT-RETAIL/BANK 1,035,359 7,785,830 (76,204) 1,035,359 7,709,626 8,744,985 1,175,696 7,569,289 1,907,905 2011 CENTRE COURT-GIANT 3,854,099 12,769,628 - 3,854,099 12,769,628 16,623,727 2,045,590 14,578,137 6,208,957 2011 CENTRE COURT-OLD COURT/COURTYD 2,279,177 5,284,577 (177) 2,279,177 5,284,400 7,563,577 913,182 6,650,395 - 2011 RADCLIFFE CENTER 12,042,713 21,187,946 - 12,042,713 21,187,946 33,230,659 2,067,536 31,163,123 - 2014 TIMONIUM CROSSING 2,525,377 14,862,817 339,960 2,525,377 15,202,777 17,728,154 1,626,614 16,101,540 14,623,506 2014 TIMONIUM SQUARE 6,000,000 24,282,998 14,483,175 7,331,195 37,434,978 44,766,173 15,649,683 29,116,490 - 2003 TOWSON PLACE 43,886,876 101,764,931 613,012 43,270,792 102,994,027 146,264,819 16,147,159 130,117,660 - 2012 MALLSIDE PLAZA 6,930,996 18,148,727 (1,781,449) 5,956,485 17,341,789 23,298,274 6,672,789 16,625,485 - 2008 WHITE LAKE COMMONS 2,300,050 9,249,607 3,264,058 2,300,050 12,513,665 14,813,715 6,292,985 8,520,730 - 1996 DOWNTOWN FARMINGTON CENTER 1,098,426 4,525,723 4,277,242 1,098,426 8,802,965 9,901,391 3,010,957 6,890,434 - 1993 FLINT - VACANT LAND 101,424 - - 101,424 - 101,424 - 101,424 - 2012 CENTURY PLAZA 178,785 925,818 1,224,093 178,785 2,149,911 2,328,696 1,593,653 735,043 - 1968 CROSS CREEK S.C. 1,451,397 5,806,263 647,769 1,451,397 6,454,032 7,905,429 3,662,287 4,243,142 - 1993 GREEN ORCHARD SHOPPING CENTER 3,682,478 14,730,060 5,711,459 3,682,478 20,441,519 24,123,997 9,908,388 14,215,609 - 1993 THE FOUNTAINS AT ARBOR LAKES 28,585,296 66,699,024 13,287,679 29,485,296 79,086,703 108,571,999 24,480,182 84,091,817 - 2006 ROSEVILLE PLAZA 132,842 957,340 9,736,267 1,675,667 9,150,782 10,826,449 1,457,654 9,368,795 - 2005 CREVE COUER SHOPPING CENTER 1,044,598 5,475,623 896,084 960,814 6,455,491 7,416,305 2,959,637 4,456,668 - 1998 NORTH POINT SHOPPING CENTER 1,935,380 7,800,746 933,471 1,935,380 8,734,217 10,669,597 4,077,420 6,592,177 - 1998 KIRKWOOD CROSSING - 9,704,005 14,512,599 - 24,216,604 24,216,604 14,603,879 9,612,725 - 1998 LEMAY S.C. 125,879 503,510 3,846,838 451,155 4,025,072 4,476,227 1,662,327 2,813,900 - 1974 GRAVOIS PLAZA 1,032,416 4,455,514 11,033,266 1,032,413 15,488,783 16,521,196 9,021,664 7,499,532 - 2008 HOME DEPOT PLAZA 431,960 - 758,855 431,960 758,855 1,190,815 307,406 883,409 - 1998 PRIMROSE MARKET PLACE 2,745,595 10,985,778 8,433,741 2,904,022 19,261,092 22,165,114 10,101,312 12,063,802 - 1994 PRIMROSE MARKETPLACE 905,674 3,666,386 5,261,809 905,674 8,928,195 9,833,869 3,206,994 6,626,875 127,225 2002 CENTER POINT S.C. - 550,204 - - 550,204 550,204 357,716 192,488 - 1998 KINGS HIGHWAY S.C. 809,087 4,430,514 2,781,299 809,087 7,211,813 8,020,900 3,372,037 4,648,863 - 1998 OVERLAND CROSSING - 4,928,677 759,896 - 5,688,573 5,688,573 3,156,042 2,532,531 - 1997 CAVE SPRINGS S.C. 1,182,194 7,423,459 7,110,186 1,563,694 14,152,145 15,715,839 10,167,687 5,548,152 - 1997 SPRINGFIELD S.C. - 608,793 11,012,797 8,800,000 2,821,590 11,621,590 1,260,636 10,360,954 - 1998 OVERLOOK VILLAGE 8,276,500 17,249,587 212,226 8,276,500 17,461,813 25,738,313 3,204,115 22,534,198 - 2012 WOODLAWN MARKETPLACE 919,251 3,570,981 2,621,647 919,251 6,192,628 7,111,879 3,174,870 3,937,009 - 2008 TYVOLA SQUARE - 4,736,345 6,968,268 - 11,704,613 11,704,613 8,870,713 2,833,900 - 1986 CROSSROADS PLAZA 767,864 3,098,881 1,233,350 767,864 4,332,231 5,100,095 1,574,024 3,526,071 - 2000 JETTON VILLAGE SHOPPES 3,875,224 10,292,231 263,116 2,143,695 12,286,876 14,430,571 1,761,917 12,668,654 - 2011 MOUNTAIN ISLAND MARKETPLACE 3,318,587 7,331,413 736,014 3,818,587 7,567,427 11,386,014 1,291,311 10,094,703 - 2012 WOODLAWN SHOPPING CENTER 2,010,725 5,833,626 1,550,109 2,010,725 7,383,735 9,394,460 946,605 8,447,855 - 2012 CROSSROADS PLAZA 13,405,529 86,455,763 (540,910) 13,405,529 85,914,853 99,320,382 11,613,154 87,707,228 70,739,527 2014 QUAIL CORNERS 7,318,321 26,675,644 1,326,080 7,318,321 28,001,724 35,320,045 2,468,557 32,851,488 16,975,639 2014 OAKCREEK VILLAGE 1,882,800 7,551,576 2,333,493 1,882,800 9,885,069 11,767,869 5,331,393 6,436,476 - 1996 DAVIDSON COMMONS 2,978,533 12,859,867 194,020 2,978,533 13,053,887 16,032,420 1,849,478 14,182,942 - 2012 SENATE/HILLSBOROUGH CROSSI 519,395 - - 519,395 - 519,395 - 519,395 - 2003 PARK PLACE SC 5,461,478 16,163,494 320,144 5,469,809 16,475,307 21,945,116 6,841,674 15,103,442 - 2008 MOORESVILLE CROSSING 12,013,727 30,604,173 109,598 11,625,801 31,101,697 42,727,498 10,220,209 32,507,289 - 2007 PLEASANT VALLEY PROMENADE 5,208,885 20,885,792 13,796,952 5,208,885 34,682,744 39,891,629 19,390,497 20,501,132 - 1993 WAKEFIELD COMMONS III 6,506,450 - (5,120,646) 1,843,341 (457,537) 1,385,804 221,296 1,164,508 - 2001 WAKEFIELD CROSSINGS 3,413,932 - (3,017,959) 336,236 59,737 395,973 6,960 389,013 - 2001 BRENNAN STATION 7,749,751 20,556,891 (700,646) 6,321,923 21,284,073 27,605,996 4,474,520 23,131,476 - 2011 BRENNAN STATION OUTPARCEL 627,906 1,665,576 (93,482) 450,232 1,749,768 2,200,000 347,904 1,852,096 - 2011 CLOVERDALE PLAZA 540,667 719,655 6,879,635 540,667 7,599,290 8,139,957 3,978,961 4,160,996 - 1969 WEBSTER SQUARE 11,683,145 41,708,383 5,174,840 11,683,145 46,883,223 58,566,368 5,143,811 53,422,557 - 2014 WEBSTER SQUARE NORTH 2,163,138 6,511,424 - 2,163,138 6,511,424 8,674,562 199,146 8,475,416 - 2016 ROCKINGHAM PLAZA-SHAWS PARCEL 2,660,915 10,643,660 14,302,905 3,148,715 24,458,765 27,607,480 11,447,997 16,159,483 - 2008 SHOP RITE PLAZA 2,417,583 6,364,094 1,599,403 2,417,583 7,963,497 10,381,080 7,151,851 3,229,229 - 1985 MARLTON PLAZA - 4,318,534 114,215 - 4,432,749 4,432,749 2,269,505 2,163,244 - 1996 HILLVIEW SHOPPING CENTER 16,007,647 32,607,423 (1,517,229) 16,007,647 31,090,194 47,097,841 3,404,107 43,693,734 25,096,230 2014 GARDEN STATE PAVILIONS 7,530,709 10,801,949 20,360,667 12,203,841 26,489,484 38,693,325 5,290,027 33,403,298 - 2011 CLARK SHOPRITE 70 CENTRAL AVE 3,496,673 11,693,769 994,829 13,959,593 2,225,678 16,185,271 515,706 15,669,565 - 2013 COMMERCE CENTER WEST 385,760 1,290,080 160,534 793,595 1,042,779 1,836,374 218,405 1,617,969 - 2013 COMMERCE CENTER EAST 1,518,930 5,079,690 1,753,865 7,235,196 1,117,289 8,352,485 270,427 8,082,058 - 2013 CENTRAL PLAZA 3,170,465 10,602,845 (186,938) 5,145,167 8,441,205 13,586,372 1,389,217 12,197,155 - 2013 EAST WINDSOR VILLAGE 9,335,011 23,777,978 (728,416) 9,335,011 23,049,562 32,384,573 5,463,964 26,920,609 - 2008 HOLMDEL TOWNE CENTER 10,824,624 43,301,494 7,797,435 10,824,624 51,098,929 61,923,553 18,456,550 43,467,003 - 2002 COMMONS AT HOLMDEL 16,537,556 38,759,952 3,395,971 16,537,556 42,155,923 58,693,479 16,134,863 42,558,616 - 2004 PLAZA AT HILLSDALE 7,601,596 6,994,196 544,603 7,601,596 7,538,799 15,140,395 782,960 14,357,435 6,021,151 2014 MAPLE SHADE - 9,957,611 (845,234) - 9,112,377 9,112,377 916,239 8,196,138 - 2009 PLAZA AT SHORT HILLS 20,155,471 11,061,984 36,110 20 |
SEC Schedule III, Depreciation and Amortization [Table Text Block] | Buildings and building improvements (in years) 15 to 50 Fixtures, building and leasehold improvements Terms of leases or useful lives, whichever is shorter (including certain identified intangible assets) |
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Table Text Block] | 2016 2015 2014 Balance, beginning of period $ 11,568,809,126 $ 10,018,225,775 $ 9,123,343,869 Acquisitions 181,719,189 278,401,182 548,553,619 Improvements 217,668,292 191,662,698 134,921,993 Transfers from (to) unconsolidated joint ventures 615,511,560 1,673,542,610 1,065,330,540 Sales (391,758,149 ) (507,185,370 ) (781,200,981 ) Assets held for sale (12,608,829 ) (587,007 ) - Adjustment of fully depreciated asset (80,660,536 ) (56,774,522 ) (8,628,954 ) Adjustment of property carrying values (91,204,249 ) (18,432,226 ) (32,935,408 ) Change in exchange rate 598,744 (10,044,014 ) (31,158,903 ) Balance, end of period $ 12,008,075,148 $ 11,568,809,126 $ 10,018,225,775 2016 2015 2014 Balance, beginning of period $ 2,115,319,888 $ 1,955,405,720 $ 1,878,680,836 Depreciation for year 344,179,201 333,948,605 256,088,382 Transfers from (to) unconsolidated joint ventures - - - Sales (97,063,934 ) (116,864,875 ) (167,458,882 ) Adjustment of fully depreciated asset (80,660,536 ) (56,774,522 ) (8,628,954 ) Assets held for sale (3,482,974 ) - - Change in exchange rate - (395,040 ) (3,275,662 ) Balance, end of period $ 2,278,291,645 $ 2,115,319,888 $ 1,955,405,720 |
Schedule IV - Mortgage Loans 61
Schedule IV - Mortgage Loans on Real Estate (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Participating Mortgage Loans [Table Text Block] | Type of Loan/Borrower Description Location (c) Interest Accrual Rates Interest Payment Rates Final Maturity Date Periodic Payment Terms (a) Prior Liens Face Amount of Mortgages or Maximum Available Credit (b) Carrying Amount of Mortgages (b) (c) Mortgage Loans: Borrower A Retail Toronto, ON 5.00% 5.00% 7/31/2017 P& I - $ 5,730 $ 5,314 Borrower B Retail Westport, CT 6.50% 6.50% 3/4/2033 I - $ 5,014 $ 5,014 Borrower C Retail Las Vegas, NV 12.00% 12.00% 5/14/2033 I - $ 3,075 $ 3,075 Borrower D Retail Miami, FL 7.57% 7.57% 6/1/2019 P& I - $ 3,966 $ 2,078 Borrower E Retail Miami, FL 7.57% 7.57% 6/1/2019 P& I - $ 4,201 $ 2,037 Borrower F Retail Miami, FL 7.57% 7.57% 6/1/2019 P& I - $ 3,678 $ 1,923 Borrower G Nonretail Oakbrook Terrace, IL 6.00% 6.00% 12/9/2024 I - $ 1,950 $ 1,950 - Individually < 3% (d) (e) (e) (f) - 2,922 1,393 30,536 22,784 Other: Individually < 3% Nonretail 2.28% 2.28% 4/1/2027 600 407 Capitalized loan costs - 6 Total $ 31,136 $ 23,197 |
Note 1 - Summary of Significa62
Note 1 - Summary of Significant Accounting Policies (Details Textual) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016USD ($)shares | Dec. 31, 2015USD ($)shares | Dec. 31, 2014USD ($)shares | |
Financing Receivable Past Due Term | 90 days | ||
Number of Portfolio Segments | 1 | ||
Capitalized Computer Software, Net | $ 10,200 | $ 16,100 | |
Capitalized Computer Software, Amortization | $ 8,000 | $ 10,700 | $ 9,200 |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | shares | 3,490,400 | 5,300,680 | 7,137,120 |
Number of Equity Participation Plans | 2 | ||
Amount of Ineffectiveness on Net Investment Hedges | $ 0 | $ 0 | $ 0 |
Employee Stock Option [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period | 10 years | ||
Restricted Stock [Member] | i [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 100.00% | ||
Restricted Stock [Member] | ii [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 4 years | ||
Restricted Stock [Member] | iii [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 10 years | ||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 20.00% | ||
Prior Plan [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | shares | 47,000,000 | ||
The 2010 Plan [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | shares | 10,000,000 | ||
Billed Accounts Receivable [Member] | |||
Allowance for Doubtful Accounts Receivable | $ 12,300 | 13,900 | |
Straight-line Rent Receivable [Member] | |||
Allowance for Doubtful Accounts Receivable | $ 11,900 | $ 17,900 | |
Construction Completion [Member] | |||
Number of Years | 1 year | ||
After Issuance [Member] | |||
Number of Years | 1 year | ||
Maximum [Member] | |||
Real Estate Acquisition, Fair Value Measurement, Adjustment Period | 1 year | ||
Maximum [Member] | Employee Stock Option [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 5 years | ||
Maximum [Member] | Restricted Stock [Member] | ii [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 5 years | ||
Maximum [Member] | Performance Shares [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 3 years | ||
Maximum [Member] | Computer Software, Intangible Asset [Member] | |||
Finite-Lived Intangible Asset, Useful Life | 5 years | ||
Maximum [Member] | Building and Building Improvements [Member] | |||
Property, Plant and Equipment, Useful Life | 50 years | ||
Minimum [Member] | Employee Stock Option [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 3 years | ||
Minimum [Member] | Restricted Stock [Member] | ii [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 3 years | ||
Minimum [Member] | Performance Shares [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 1 year | ||
Minimum [Member] | Computer Software, Intangible Asset [Member] | |||
Finite-Lived Intangible Asset, Useful Life | 3 years | ||
Minimum [Member] | Building and Building Improvements [Member] | |||
Property, Plant and Equipment, Useful Life | 15 years |
Note 1 - Summary of Significa63
Note 1 - Summary of Significant Accounting Policies - Reconciliation of Earnings/(Loss) and the Weighted Average Number of Shares (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | 12 Months Ended | ||||||||||
Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Mar. 31, 2016 | Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | ||
Income from continuing operations | $ 299,353 | $ 774,405 | $ 384,506 | |||||||||
Gain on sale of operating properties, net, net of tax | 86,785 | 125,813 | 389 | |||||||||
Net income attributable to noncontrolling interests | (7,288) | (6,028) | (11,879) | |||||||||
Discontinued operations attributable to noncontrolling interests | 2,117 | |||||||||||
Preferred stock redemption charges | (5,816) | |||||||||||
Preferred dividends | (46,220) | (57,084) | (58,294) | |||||||||
Income from continuing operations available to the common Shareholders | 332,630 | 831,290 | 316,839 | |||||||||
Earnings attributable to participating securities | (2,018) | (4,134) | (1,749) | |||||||||
Income from continuing operations available to common Shareholders | 330,612 | 827,156 | 315,090 | |||||||||
(Loss)/income from discontinued operations | (75) | 48,868 | ||||||||||
Net income available to the Company’s common shareholders for basic earnings per share | $ 330,612 | $ 827,081 | $ 363,958 | |||||||||
Weighted average common shares outstanding – basic (in shares) | 418,402 | 411,319 | 409,088 | |||||||||
-Basic (in dollars per share) | $ 0.79 | $ 2.01 | $ 0.77 | |||||||||
Income from discontinued operations (in dollars per share) | 0.12 | |||||||||||
Basic (in dollars per share) | $ 0.16 | $ (0.13) | $ 0.46 | $ 0.31 | $ 0.87 | $ 0.15 | $ 0.27 | $ 0.72 | $ 0.79 | $ 2.01 | $ 0.89 | |
Distributions on convertible units | $ 192 | $ 529 | ||||||||||
Net income available to the Company’s common shareholders for diluted earnings per share | $ 330,612 | $ 827,273 | $ 364,487 | |||||||||
Effect of dilutive securities (a): Equity awards (in shares) | [1] | 1,307 | 1,414 | 1,227 | ||||||||
Assumed conversion of convertible units (in shares) | [1] | 118 | 723 | |||||||||
Shares for diluted earnings per common share (in shares) | [1] | 419,709 | 412,851 | 411,038 | ||||||||
-Diluted (in dollars per share) | $ 0.79 | $ 2 | $ 0.77 | |||||||||
Income from discontinued operations (in dollars per share) | 0.12 | |||||||||||
Diluted (in dollars per share) | $ 0.16 | $ (0.13) | $ 0.46 | $ 0.31 | $ 0.87 | $ 0.15 | $ 0.27 | $ 0.71 | $ 0.79 | $ 2 | $ 0.89 | |
[1] | The effect of the assumed conversion of certain convertible units had an anti-dilutive effect upon the calculation of Income from continuing operations per share. Accordingly, the impact of such conversions has not been included in the determination of diluted earnings per share calculations. Additionally, there were 3,490,400, 5,300,680 and 7,137,120, stock options that were not dilutive as of December 31, 2016, 2015 and 2014, respectively. |
Note 2 - Real Estate (Details T
Note 2 - Real Estate (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Off-market Lease, Unfavorable | $ 292,600 | $ 291,700 | |
Below Market Rents [Member] | |||
Finite-Lived Intangible Assets, Accumulated Amortization | 193,900 | 193,700 | |
Above and Below Market Leases [Member] | |||
Amortization of above and below Market Leases | 21,400 | 18,500 | $ 13,500 |
Leases in Place and Tenant Relationships [Member] | |||
Amortization | 66,600 | 68,300 | $ 41,200 |
Other Rental Property [Member] | |||
Finite-Lived Intangible Assets, Accumulated Amortization | $ 409,062 | $ 357,581 |
Note 2 - Real Estate - Componen
Note 2 - Real Estate - Components of Rental Property (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 | |
Land | $ 2,845,186 | $ 2,728,257 | |
Buildings and improvements: | |||
Buildings and improvements | 8,827,861 | 8,661,362 | |
Above-market leases | 150,207 | 155,451 | |
In-place leases and tenant relationships | 543,342 | 528,539 | |
11,673,047 | 11,389,619 | ||
Accumulated depreciation and amortization (1) | [1] | (2,278,292) | (2,115,320) |
Total | 9,394,755 | 9,274,299 | |
Land [Member] | |||
Land | 2,786,255 | 2,660,722 | |
Undeveloped Land [Member] | |||
Land | 58,931 | 67,535 | |
Building [Member] | |||
Buildings and improvements: | |||
Buildings and improvements | 5,790,681 | 5,643,629 | |
Building Improvements [Member] | |||
Buildings and improvements: | |||
Buildings and improvements | 1,562,439 | 1,559,652 | |
Tenant Improvements [Member] | |||
Buildings and improvements: | |||
Buildings and improvements | 733,993 | 727,036 | |
Fixtures And Leasehold Improvements [Member] | |||
Buildings and improvements: | |||
Buildings and improvements | $ 47,199 | $ 47,055 | |
[1] | At December 31, 2016 and 2015, the Company had accumulated amortization relating to in-place leases, tenant relationships and above-market leases aggregating $409,062 and $357,581, respectively. |
Note 2 - Real Estate - Estimate
Note 2 - Real Estate - Estimated Net Amortization Income (Expense) (Details) $ in Millions | Dec. 31, 2016USD ($) |
Above-market and below-market leases amortization, net, 2017 | $ 10.7 |
Above-market and below-market leases amortization, net, 2018 | 10.8 |
Above-market and below-market leases amortization, net, 2019 | 11.3 |
Above-market and below-market leases amortization, net, 2020 | 11.5 |
Above-market and below-market leases amortization, net, 2021 | 11.5 |
In-place Lease and Tenant Relationships [Member] | |
In-place leases and tenant relationships amortization, 2017 | (46.5) |
In-place leases and tenant relationships amortization, 2018 | (34.1) |
In-place leases and tenant relationships amortization, 2019 | (26.3) |
In-place leases and tenant relationships amortization, 2020 | (19.3) |
In-place leases and tenant relationships amortization, 2021 | $ (15.4) |
Note 3 - Property Acquisition67
Note 3 - Property Acquisitions, Developments and Other Investments (Details Textual) $ in Thousands | 12 Months Ended | ||||
Dec. 31, 2016USD ($) | Dec. 31, 2015USD ($) | Dec. 31, 2014USD ($) | |||
Proceeds from Delayed Tax Exempt Exchange | $ 66,000 | $ 89,500 | |||
Real Estate Revenue From Acquisitions During Period | 23,800 | $ 112,200 | $ 75,300 | ||
Business Acquisition, Percentage of Voting Interests Acquired | 50.00% | ||||
Payments to Acquire Businesses, Gross | 255,910 | [1] | $ 712,055 | [2] | |
Number of Land Parcels Acquired | 3 | ||||
Payments to Acquire Real Estate | $ 203,190 | $ 661,423 | $ 384,828 | ||
Land Parcels [Member] | |||||
Payments to Acquire Real Estate | 30,000 | ||||
Real Estate Under Development [Member] | |||||
Business Combination, Separately Recognized Transactions, Assets Recognized | 8,400 | ||||
Operating Real Estate [Member] | |||||
Business Combination, Separately Recognized Transactions, Assets Recognized | 14,600 | ||||
Property Held in Joint [Member] | |||||
Payments to Acquire Businesses, Gross | 23,000 | ||||
Property Held in Joint [Member] | Other Liabilities [Member] | |||||
Business Combination, Separately Recognized Transactions, Liabilities Recognized | $ 11,500 | ||||
[1] | The Company utilized $66.0 million associated with Internal Revenue Code 1031 sales proceeds. | ||||
[2] | The Company utilized $89.5 million associated with Internal Revenue Code 1031 sales proceeds. |
Note 3 - Property Acquisition68
Note 3 - Property Acquisitions, Developments and Other Investments - Acquisition of Operating Properties (Details) ft² in Thousands, $ in Thousands | 12 Months Ended | ||||
Dec. 31, 2016USD ($)ft² | Dec. 31, 2015USD ($)ft² | ||||
Purchase Price Cash | $ 255,910 | [1] | $ 712,055 | [2] | |
Purchase Price Debt Acquired | 284,732 | 807,591 | |||
Purchase Price Other | [3] | 104,982 | 252,467 | ||
Purchase Price Total | $ 645,624 | $ 1,772,113 | |||
Purchase Price GLA (Square Foot) (Square Foot) | ft² | [4] | 2,665 | 7,519 | ||
Jericho Atrium [Member] | |||||
Purchase Price Cash | [1] | $ 29,750 | |||
Purchase Price Debt Acquired | |||||
Purchase Price Other | [3] | ||||
Purchase Price Total | $ 29,750 | ||||
Purchase Price GLA (Square Foot) (Square Foot) | ft² | [1],[4] | 147 | |||
Elmont Plaza [Member] | |||||
Purchase Price Cash | [2],[5] | $ 2,400 | |||
Purchase Price Debt Acquired | [5] | ||||
Purchase Price Other | [3],[5] | 3,358 | |||
Purchase Price Total | [5] | $ 5,758 | |||
Purchase Price GLA (Square Foot) (Square Foot) | ft² | [4],[5] | 13 | |||
Oakwood Plaza North [Member] | |||||
Purchase Price Cash | [1],[5] | $ 53,412 | |||
Purchase Price Debt Acquired | [5] | 100,000 | |||
Purchase Price Other | [3],[5] | 61,588 | |||
Purchase Price Total | [5] | $ 215,000 | |||
Purchase Price GLA (Square Foot) (Square Foot) | ft² | [4],[5] | 899 | |||
Garden State Pavilions [Member] | |||||
Purchase Price Cash | [2] | $ 16,300 | |||
Purchase Price Debt Acquired | |||||
Purchase Price Other | [3],[5] | ||||
Purchase Price Total | $ 16,300 | ||||
Purchase Price GLA (Square Foot) (Square Foot) | ft² | [4] | 111 | |||
Webster Square North [Member] | |||||
Purchase Price Cash | [1] | $ 8,200 | |||
Purchase Price Debt Acquired | |||||
Purchase Price Other | [3] | ||||
Purchase Price Total | $ 8,200 | ||||
Purchase Price GLA (Square Foot) (Square Foot) | ft² | [4] | 21 | |||
Kimstone [Member] | |||||
Purchase Price Cash | [2],[5] | $ 513,513 | |||
Purchase Price Debt Acquired | [5] | 637,976 | |||
Purchase Price Other | [3],[5] | 236,011 | |||
Purchase Price Total | [5] | $ 1,387,500 | |||
Purchase Price GLA (Square Foot) (Square Foot) | ft² | [4],[5] | 5,631 | |||
Gateway Plaza [Member] | |||||
Purchase Price Cash | [1],[5] | $ 493 | |||
Purchase Price Debt Acquired | [5] | 17,500 | |||
Purchase Price Other | [3],[5] | ||||
Purchase Price Total | [5] | $ 17,993 | |||
Purchase Price GLA (Square Foot) (Square Foot) | ft² | [4],[5] | 97 | |||
Copperfield Village [Member] | |||||
Purchase Price Cash | [2] | $ 18,700 | |||
Purchase Price Debt Acquired | 20,800 | ||||
Purchase Price Other | [3] | ||||
Purchase Price Total | $ 39,500 | ||||
Purchase Price GLA (Square Foot) (Square Foot) | ft² | [4] | 165 | |||
Kentlands Market Square [Member] | |||||
Purchase Price Cash | [1] | $ 61,826 | |||
Purchase Price Debt Acquired | 33,174 | ||||
Purchase Price Other | [3] | ||||
Purchase Price Total | $ 95,000 | ||||
Purchase Price GLA (Square Foot) (Square Foot) | ft² | [4] | 221 | |||
Snowden Square [Member] | |||||
Purchase Price Cash | [2] | $ 4,868 | |||
Purchase Price Debt Acquired | |||||
Purchase Price Other | [3] | ||||
Purchase Price Total | $ 4,868 | ||||
Purchase Price GLA (Square Foot) (Square Foot) | ft² | [4] | 25 | |||
GEPT Portfolio [Member] | |||||
Purchase Price Cash | [1],[5] | $ 79,974 | |||
Purchase Price Debt Acquired | [5] | 76,989 | |||
Purchase Price Other | [3],[5] | 10,882 | |||
Purchase Price Total | [5] | $ 167,845 | |||
Purchase Price GLA (Square Foot) (Square Foot) | ft² | [4],[5] | 681 | |||
Dulles Town Crossing [Member] | |||||
Purchase Price Cash | [2] | $ 4,830 | |||
Purchase Price Debt Acquired | |||||
Purchase Price Other | [3] | ||||
Purchase Price Total | $ 4,830 | ||||
Purchase Price GLA (Square Foot) (Square Foot) | ft² | [4] | 9 | |||
Coulter Ave. Parcel [Member] | |||||
Purchase Price Cash | [1] | $ 6,750 | |||
Purchase Price Debt Acquired | |||||
Purchase Price Other | [3] | ||||
Purchase Price Total | $ 6,750 | ||||
Purchase Price GLA (Square Foot) (Square Foot) | ft² | [4] | 20 | |||
Flagler Park S.C. [Member] | |||||
Purchase Price Cash | [2] | $ 1,875 | |||
Purchase Price Debt Acquired | |||||
Purchase Price Other | [3] | ||||
Purchase Price Total | $ 1,875 | ||||
Purchase Price GLA (Square Foot) (Square Foot) | ft² | [4] | 5 | |||
Kim Pru [Member] | |||||
Purchase Price Cash | [1],[5] | $ 15,505 | |||
Purchase Price Debt Acquired | [5] | 35,700 | |||
Purchase Price Other | [3],[5] | 3,218 | |||
Purchase Price Total | [5] | $ 54,423 | |||
Purchase Price GLA (Square Foot) (Square Foot) | ft² | [4],[5] | 234 | |||
West Farms Parcel [Member] | |||||
Purchase Price Cash | [2] | $ 6,200 | |||
Purchase Price Debt Acquired | |||||
Purchase Price Other | [3] | ||||
Purchase Price Total | $ 6,200 | ||||
Purchase Price GLA (Square Foot) (Square Foot) | ft² | [4] | 24 | |||
Hamden Mart [Member] | |||||
Purchase Price Cash | [1],[5] | ||||
Purchase Price Debt Acquired | [5] | 21,369 | |||
Purchase Price Other | [3],[5] | 29,294 | |||
Purchase Price Total | [5] | $ 50,663 | |||
Purchase Price GLA (Square Foot) (Square Foot) | ft² | [4],[5] | 345 | |||
Milleridge Inn [Member] | |||||
Purchase Price Cash | [2] | $ 7,500 | |||
Purchase Price Debt Acquired | |||||
Purchase Price Other | [3] | ||||
Purchase Price Total | $ 7,500 | ||||
Purchase Price GLA (Square Foot) (Square Foot) | ft² | [4] | ||||
Woodgrove Festival [Member] | |||||
Purchase Price Cash | [2] | $ 5,611 | |||
Purchase Price Debt Acquired | |||||
Purchase Price Other | [3] | ||||
Purchase Price Total | $ 5,611 | ||||
Purchase Price GLA (Square Foot) (Square Foot) | ft² | [4] | 12 | |||
Montgomery Plaza [Member] | |||||
Purchase Price Cash | [2],[5] | $ 34,522 | |||
Purchase Price Debt Acquired | [5] | 29,311 | |||
Purchase Price Other | [3],[5] | 9,044 | |||
Purchase Price Total | [5] | $ 72,877 | |||
Purchase Price GLA (Square Foot) (Square Foot) | ft² | [4] | 291 | |||
Coulter Avenue 125 [Member] | |||||
Purchase Price Cash | [2] | $ 1,925 | |||
Purchase Price Debt Acquired | |||||
Purchase Price Other | [3] | ||||
Purchase Price Total | $ 1,925 | ||||
Purchase Price GLA (Square Foot) (Square Foot) | ft² | [4] | 6 | |||
Conroe Marketplace [Member] | |||||
Purchase Price Cash | [2],[5] | $ 18,546 | |||
Purchase Price Debt Acquired | [5] | 42,350 | |||
Purchase Price Other | [3],[5] | 3,104 | |||
Purchase Price Total | [5] | $ 64,000 | |||
Purchase Price GLA (Square Foot) (Square Foot) | ft² | [4] | 289 | |||
Laurel Plaza [Member] | |||||
Purchase Price Cash | [2] | $ 1,200 | |||
Purchase Price Debt Acquired | |||||
Purchase Price Other | [3] | ||||
Purchase Price Total | $ 1,200 | ||||
Purchase Price GLA (Square Foot) (Square Foot) | ft² | [4] | 4 | |||
Shops at District Heights [Member] | |||||
Purchase Price Cash | [2],[5] | $ 13,140 | |||
Purchase Price Debt Acquired | [5] | 13,255 | |||
Purchase Price Other | [3],[5] | 950 | |||
Purchase Price Total | [5] | $ 27,345 | |||
Purchase Price GLA (Square Foot) (Square Foot) | ft² | [4] | 91 | |||
Village on the Park [Member] | |||||
Purchase Price Cash | [2] | $ 824 | |||
Purchase Price Debt Acquired | |||||
Purchase Price Other | [3] | ||||
Purchase Price Total | $ 824 | ||||
Purchase Price GLA (Square Foot) (Square Foot) | ft² | [4] | 10 | |||
Christown Mall [Member] | |||||
Purchase Price Cash | [2] | $ 51,351 | |||
Purchase Price Debt Acquired | 63,899 | ||||
Purchase Price Other | [3] | ||||
Purchase Price Total | $ 115,250 | ||||
Purchase Price GLA (Square Foot) (Square Foot) | ft² | [4] | 833 | |||
Washington St. Plaza [Member] | |||||
Purchase Price Cash | [2] | $ 8,750 | |||
Purchase Price Debt Acquired | |||||
Purchase Price Other | [3] | ||||
Purchase Price Total | $ 8,750 | ||||
Purchase Price GLA (Square Foot) (Square Foot) | ft² | [4] | ||||
[1] | The Company utilized $66.0 million associated with Internal Revenue Code 1031 sales proceeds. | ||||
[2] | The Company utilized $89.5 million associated with Internal Revenue Code 1031 sales proceeds. | ||||
[3] | Includes the Company's previously held equity interest investment. | ||||
[4] | Gross leasable area ("GLA") | ||||
[5] | The Company acquired from its partners their ownership interest in properties that were held in joint ventures in which the Company had noncontrolling interests. The Company evaluated these transactions pursuant to the FASB's Consolidation guidance and as a result, recognized gains on change in control of interests resulting from the fair value adjustments associated with the Company's previously held equity interests, which are included in the purchase price above in Other. The Company's previous ownership interests and gains on change in control of interests recognized as a result of these transactions are as follows (in millions): |
Note 3 - Property Acquisition69
Note 3 - Property Acquisitions, Developments and Other Investments - Previous Ownership Interest and Gain on Change of Interest (Details) - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Gain on change in control of interests, net | $ 57.4 | $ 149.2 |
Oakwood Plaza North [Member] | ||
Previous ownership interest | 55.00% | |
Gain on change in control of interests, net | $ 46.5 | |
Elmont Plaza [Member] | ||
Previous ownership interest | 50.00% | |
Gain on change in control of interests, net | $ (0.2) | |
Gateway Plaza [Member] | ||
Previous ownership interest | 15.00% | |
Gain on change in control of interests, net | ||
Kimstone [Member] | ||
Previous ownership interest | 33.30% | |
Gain on change in control of interests, net | $ 140 | |
GEPT Portfolio [Member] | ||
Previous ownership interest | 15.00% | |
Gain on change in control of interests, net | $ 6.6 | |
Montgomery Plaza [Member] | ||
Previous ownership interest | 20.00% | |
Gain on change in control of interests, net | $ 6.3 | |
Kim Pru [Member] | ||
Previous ownership interest | 15.00% | |
Gain on change in control of interests, net | $ 0.8 | |
Conroe Marketplace [Member] | ||
Previous ownership interest | 15.00% | |
Gain on change in control of interests, net | $ 2.4 | |
Hamden Mart [Member] | ||
Previous ownership interest | 47.95% | |
Gain on change in control of interests, net | $ 3.5 | |
Shops at District Heights [Member] | ||
Previous ownership interest | 15.00% | |
Gain on change in control of interests, net | $ 0.7 |
Note 3 - Property Acquisition70
Note 3 - Property Acquisitions, Developments and Other Investments - Purchase Price Allocation (Details) - USD ($) | 12 Months Ended | ||||
Dec. 31, 2016 | Dec. 31, 2015 | ||||
Allocation | $ (4,986,000) | $ (27,615,000) | |||
Weighted-average amortization period (Year) | 4 years 36 days | 3 years | |||
Allocation | $ 234,000 | $ 3,058,000 | |||
Allocation | (27,000) | (188,000) | |||
Allocation | 645,624,000 | 1,772,113,000 | |||
Above Market Leases [Member] | |||||
Allocation | $ 7,678,000 | $ 32,049,000 | |||
Weighted-average amortization period (Year) | 8 years 36 days | 7 years 73 days | |||
Below Market Leases [Member] | |||||
Allocation | $ (36,230) | $ (81,303,000) | |||
Weighted-average amortization period (Year) | 19 years 36 days | 17 years 255 days | |||
Leases, Acquired-in-Place [Member] | |||||
Allocation | $ 39,932,000 | $ 127,418,000 | |||
Weighted-average amortization period (Year) | 6 years 146 days | 4 years 255 days | |||
Tenant Improvements [Member] | |||||
Allocation | $ 10,240,000 | $ 36,614,000 | |||
Weighted-average amortization period (Year) | 7 years 36 days | 6 years 36 days | |||
Preliminary Allocation [Member] | |||||
Allocation | $ (4,292,000) | $ (27,615,000) | |||
Allocation | 234,000 | 3,058,000 | |||
Allocation | (27,000) | (188,000) | |||
Allocation | 645,624,000 | 1,772,113,000 | |||
Preliminary Allocation [Member] | Above Market Leases [Member] | |||||
Allocation | 11,982,000 | 34,182,000 | |||
Preliminary Allocation [Member] | Below Market Leases [Member] | |||||
Allocation | (31,903,000) | (74,997,000) | |||
Preliminary Allocation [Member] | Leases, Acquired-in-Place [Member] | |||||
Allocation | 44,094,000 | 125,993,000 | |||
Preliminary Allocation [Member] | Tenant Improvements [Member] | |||||
Allocation | 12,788,000 | 34,814,000 | |||
Allocation Adjustments [Member] | |||||
Allocation adjustments | [1] | (694,000) | |||
Allocation Adjustments [Member] | Above Market Leases [Member] | |||||
Allocation adjustments | (4,304,000) | [1] | (2,133,000) | [2] | |
Allocation Adjustments [Member] | Below Market Leases [Member] | |||||
Allocation adjustments | (4,327,000) | [1] | (6,306,000) | [2] | |
Allocation Adjustments [Member] | Leases, Acquired-in-Place [Member] | |||||
Allocation adjustments | (4,162,000) | [1] | 1,425,000 | [2] | |
Allocation Adjustments [Member] | Tenant Improvements [Member] | |||||
Allocation adjustments | (2,548,000) | [1] | 1,800,000 | [2] | |
Land [Member] | |||||
Allocation | 165,798,000 | 478,544,000 | |||
Land [Member] | Preliminary Allocation [Member] | |||||
Allocation | 179,150,000 | 444,626,000 | |||
Land [Member] | Allocation Adjustments [Member] | |||||
Allocation adjustments | (13,352,000) | [1] | 33,918,000 | [2] | |
Building [Member] | |||||
Allocation | $ 379,074,000 | $ 1,055,144,000 | |||
Weighted-average amortization period (Year) | 50 years | 50 years | |||
Building [Member] | Preliminary Allocation [Member] | |||||
Allocation | $ 309,493,000 | $ 1,063,124,000 | |||
Building [Member] | Allocation Adjustments [Member] | |||||
Allocation adjustments | 69,581,000 | [1] | (7,980,000) | [2] | |
Building Improvements [Member] | |||||
Allocation | $ 83,911,000 | $ 148,392,000 | |||
Weighted-average amortization period (Year) | 45 years | 45 years | |||
Building Improvements [Member] | Preliminary Allocation [Member] | |||||
Allocation | $ 124,105,000 | $ 169,116,000 | |||
Building Improvements [Member] | Allocation Adjustments [Member] | |||||
Allocation adjustments | $ (40,194,000) | [1] | $ (20,724,000) | [2] | |
[1] | In accordance with ASU 2015-16, which eliminated the requirement to restate prior period financial statements for measurement period adjustments relating to purchase price allocations, the Company adjusted the preliminary allocation amounts recorded for properties acquired during 2016. The impact of these allocation adjustments on the Company's tangible and intangible assets and liabilities are reflected in the table above. | ||||
[2] | In accordance with the Company&#8217;s adoption of ASU 2015-16, which eliminates the requirement to restate prior period financial statements for measurement period adjustments relating to purchase price allocations, the Company adjusted the preliminary allocation amounts recorded for properties acquired during 2015. The impact of these allocation adjustments on the Company's tangible and intangible assets and liabilities are reflected in the table above. |
Note 3 - Property Acquisition71
Note 3 - Property Acquisitions, Developments and Other Investments - Pro Forma Information (Details) - USD ($) $ / shares in Units, $ in Millions | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Revenues from rental properties | $ 1,174.9 | $ 1,198.6 | $ 1,097.8 |
Net income | 397.7 | 921.6 | 521.9 |
Net income available to the Company | $ 344.2 | $ 852.6 | $ 451.7 |
Basic (in dollars per share) | $ 0.82 | $ 2.07 | $ 1.10 |
Diluted (in dollars per share) | $ 0.82 | $ 2.07 | $ 1.10 |
Note 4 - Real Estate Under De72
Note 4 - Real Estate Under Development (Details Textual) ft² in Thousands | 12 Months Ended | |||||
Dec. 31, 2016USD ($)ft² | Dec. 31, 2015USD ($)ft² | Dec. 31, 2014USD ($) | ||||
Gross Leasable Area | ft² | [1] | 2,665 | 7,519 | |||
Real Estate Investment Property, Net | $ 9,729,783,503 | $ 9,453,489,000 | ||||
Payments to Acquire Businesses, Gross | 255,910,000 | [2] | 712,055,000 | [3] | ||
Payments to Acquire Real Estate | $ 203,190,000 | $ 661,423,000 | $ 384,828,000 | |||
Real Estate Under Development [Member] | ||||||
Number of Real Estate Properties | 6 | |||||
Gross Leasable Area | ft² | 2,200 | |||||
Real Estate Investment Property, Net | $ 514,000,000 | |||||
Business Combination, Step Acquisition, Equity Interest in Acquiree, Percentage | 55.00% | |||||
Payments to Acquire Businesses, Gross | $ 84,200,000 | |||||
Real Estate Under Development, Completed [Member] | ||||||
Real Estate Investment Property, Net | $ 38,000,000 | |||||
Acquired Land [Member] | ||||||
Number of Real Estate Properties | 3 | 2 | ||||
Payments to Acquire Real Estate | $ 13,800,000 | $ 20,700,000 | ||||
[1] | Gross leasable area ("GLA") | |||||
[2] | The Company utilized $66.0 million associated with Internal Revenue Code 1031 sales proceeds. | |||||
[3] | The Company utilized $89.5 million associated with Internal Revenue Code 1031 sales proceeds. |
Note 4 - Real Estate Under De73
Note 4 - Real Estate Under Development - Costs Incurred for Real Estate Development (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 | |
Property Under Development | $ 335,028 | $ 179,190 | |
Grand Parkway Marketplace [Member] | |||
Property Under Development | 94,841 | 42,032 | |
Dania Pointe [Member] | |||
Property Under Development | [1] | 107,113 | |
Promenade at Christiana [Member] | |||
Property Under Development | 25,521 | 16,063 | |
Owings Mills [Member] | |||
Property Under Development | 25,119 | 8,640 | |
Avenues Walk [Member] | |||
Property Under Development | 73,048 | 77,544 | |
Staten Island Plaza [Member] | |||
Property Under Development | [2] | 9,386 | |
Shoppes at Wynnewood [Member] | |||
Property Under Development | [3] | $ 34,911 | |
[1] | During the year ended December 31, 2016, the Company acquired from its partner the remaining ownership interest in a property that was held in a joint venture in which the Company has a 55.0% noncontrolling interest for a gross purchase price of $84.2 million. The Company evaluated this transaction pursuant to the FASB's Consolidation guidance and as a result, no gain on change in control of interest was recognized as there was no fair value adjustment associated with the Company's previously held equity interest. Based upon the Company's intent to develop the property, the Company allocated the gross purchase price to Real estate under development on the Company's Consolidated Balance Sheets. | ||
[2] | Land held for future development | ||
[3] | During the year ended December 31, 2016, a development project, aggregating $38.0 million, was completed and reclassified into Land and Building and improvements on the Company's Consolidated Balance Sheets. |
Note 5 - Dispositions of Real74
Note 5 - Dispositions of Real Estate and Assets Held-for-sale (Details Textual) $ in Thousands, MXN in Millions | 12 Months Ended | |||||
Dec. 31, 2016USD ($) | Dec. 31, 2016MXN | Dec. 31, 2015USD ($) | Dec. 31, 2014USD ($) | Dec. 31, 2016MXN | ||
Income Tax Expense (Benefit) | $ (72,545) | $ (60,230) | $ (22,438) | |||
Foreign Currency Transaction Gain (Loss), Realized | [1] | (92,900) | ||||
Financing Receivable, Net | $ 52,700 | |||||
Real Estate Investment Property, Accumulated Depreciation | [2] | $ 2,278,292 | $ 2,115,320 | |||
Maximum [Member] | ||||||
Debt Instrument, Interest Rate, Stated Percentage | 7.00% | |||||
Latin America [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||||||
Debt Instrument, Basis Spread on Variable Rate | 2.50% | |||||
Disposed Operating Properties [Member] | ||||||
Number of Real Estate Properties | 90 | |||||
Disposed Operating Properties [Member] | Latin America [Member] | ||||||
Number of Real Estate Properties | 27 | |||||
Operating Properties [Member] | ||||||
Sales of Real Estate | $ 833,500 | |||||
Impairment of Real Estate | 178,000 | |||||
Operating Properties [Member] | Initial Dispositions [Member] | ||||||
Gain (Loss) on Sale of Properties | 203,300 | |||||
Operating Properties [Member] | MEXICO | ||||||
Foreign Currency Transaction Gain (Loss), Realized | $ 92,900 | |||||
Disposed Operating Properties [Member] | ||||||
Number of Real Estate Properties | 30 | 89 | 30 | |||
Disposed Out-parcels [Member] | ||||||
Number of Real Estate Properties | 2 | 8 | 2 | |||
Disposed Operating Properties and Out-parcels [Member] | ||||||
Sales of Real Estate | $ 378,700 | $ 492,500 | ||||
Gain (Loss) on Sale of Properties | 86,800 | 143,600 | ||||
Impairment of Real Estate | 37,200 | 10,200 | ||||
Income Tax Expense (Benefit) | $ 10,000 | 2,300 | ||||
Operating Property in Chile [Member] | ||||||
Sales of Real Estate | 51,300 | |||||
Gain (Loss) on Sale of Properties | 1,800 | |||||
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, before Tax | $ (19,600) | |||||
Land Parcels [Member] | ||||||
Number of Real Estate Properties | 6 | 13 | 3 | 6 | ||
Sales of Real Estate | $ 3,900 | $ 31,500 | $ 5,100 | |||
Gain (Loss) on Sale of Properties | $ 1,900 | $ 4,300 | $ 3,500 | |||
Real Estate Held-for-sale [Member] | MEXICO | Disposal Group, Held-for-sale, Not Discontinued Operations [Member] | ||||||
Number of Real Estate Properties | 2 | 2 | ||||
Impairment of Real Estate | $ 1,300 | MXN 25.8 | ||||
Real Estate Held-for-sale | 9,200 | MXN 121.9 | ||||
Real Estate Investment Property, Accumulated Depreciation | $ 3,500 | MXN 51.1 | ||||
[1] | Due to the substantial liquidation of its investment in Mexico, the Company recognized a loss from foreign currency translation related to consolidated properties in the amount of $92.9 million, before noncontrolling interest of $5.8 million. | |||||
[2] | At December 31, 2016 and 2015, the Company had accumulated amortization relating to in-place leases, tenant relationships and above-market leases aggregating $409,062 and $357,581, respectively. |
Note 6 - Discontinued Operati75
Note 6 - Discontinued Operations (Details Textual) - USD ($) $ in Millions | 12 Months Ended | |||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | ||
Foreign Currency Transaction Gain (Loss), Realized | [1] | $ (92.9) | ||
[1] | Due to the substantial liquidation of its investment in Mexico, the Company recognized a loss from foreign currency translation related to consolidated properties in the amount of $92.9 million, before noncontrolling interest of $5.8 million. |
Note 6 - Discontinued Operati76
Note 6 - Discontinued Operations - Income From Discontinued Operations (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | ||
Revenues from rental properties | $ 124 | $ 71,906 | ||
Rental property expenses | (49) | (16,657) | ||
Depreciation and amortization | (15,019) | |||
Provision for doubtful accounts | (57) | (719) | ||
Interest expense | (1,823) | |||
Income from other real estate investments | 680 | |||
Income from discontinued operating properties, before income taxes | 6 | 37,612 | ||
Impairment of property carrying value, before income taxes (1) | [1] | (82) | (178,048) | |
Gain on disposition of operating properties, before income taxes | 203,271 | |||
Benefit/(provision) for income taxes | 1 | (11,850) | ||
(Loss)/income from discontinued operating properties | (75) | 50,985 | ||
Net income attributable to noncontrolling interests | (2,117) | |||
(Loss)/income from discontinued operations attributable to the Company | (75) | 48,868 | ||
Other [Member] | ||||
Other expense, net | $ (12) | $ (756) | ||
[1] | The year ended December 31, 2014, includes $92.9 million related to the release of a cumulative foreign currency translation loss due to the Company's substantial liquidation of its investment in Mexico. |
Note 7 - Impairments (Details T
Note 7 - Impairments (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Asset Impairment Charges | $ 93,266 | $ 45,464 | $ 217,858 |
Income Tax Expense (Benefit) | (72,545) | (60,230) | (22,438) |
Equity Method Investments [Member] | |||
Impairment of Real Estate | 15,000 | 22,200 | 54,500 |
Accumulated Foreign Currency Adjustment Attributable to Noncontrolling Interest [Member] | MEXICO | |||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | (92,900) | ||
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax | (5,800) | ||
Accumulated Foreign Currency Adjustment Attributable to Noncontrolling Interest [Member] | MEXICO | Equity in Income of Joint Ventures [Member] | |||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 47,300 | ||
Before Income Tax Benefit and Noncontrolling Interest [Member] | |||
Asset Impairment Charges | 93,300 | 30,300 | 33,300 |
Income Tax Benefit Amount [Member] | |||
Income Tax Expense (Benefit) | 21,100 | 5,400 | 6,100 |
Noncontrolling Interest Amount [Member] | |||
Income (Loss) Attributable to Noncontrolling Interest | $ 400 | $ 5,600 | $ 300 |
Note 7 - Impairments - Asset Im
Note 7 - Impairments - Asset Impairment Charges (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | ||
Impairment of marketable securities and other investments* (5) | [1],[2] | $ 9,800 | $ 4,800 | |
Impairment charges | 93,266 | 45,464 | 217,858 | |
Cumulative foreign currency translation loss included in discontinued operations (6) | [3] | 92,900 | ||
Income tax benefit | (72,545) | (60,230) | (22,438) | |
Net [Member] | ||||
Impairment charges | 71,800 | 30,900 | 209,600 | |
Noncontrolling Interest [Member] | ||||
Noncontrolling interests | (400) | (5,600) | (400) | |
Discontinued Operations [Member] | ||||
Impairment charges | 100 | |||
Income tax benefit | (1,700) | |||
Operating Expense [Member] | ||||
Impairment charges | 93,300 | 45,400 | 39,800 | |
Impairment Charges [Member] | ||||
Income tax benefit | (21,100) | (9,000) | (6,100) | |
Other Real Estate Investments [Member] | ||||
Real estate | [2],[4] | 5,300 | 1,700 | |
Real estate | [2],[4] | 5,300 | 1,700 | |
Property Carrying Values [Member] | ||||
Real estate | [2],[5],[6],[7] | 93,300 | 30,300 | 33,300 |
Real estate | [2],[5],[6],[7] | 93,300 | 30,300 | 33,300 |
Property Carrying Values [Member] | Discontinued Operations [Member] | ||||
Real estate | [8] | 100 | 85,100 | |
Real estate | [8] | $ 100 | $ 85,100 | |
[1] | During 2015 and 2014, the Company reviewed the underlying cause of the decline in value of certain cost method investments, as well as the severity and the duration of the decline and determined that the decline was other-than-temporary. Impairment charges were recognized based upon the calculation of the investments' estimated fair value. | |||
[2] | See Footnote 16 of the Notes to Consolidated Financial Statements for additional disclosure on fair value | |||
[3] | Due to the substantial liquidation of its investment in Mexico, the Company recognized a loss from foreign currency translation related to consolidated properties in the amount of $92.9 million, before noncontrolling interest of $5.8 million. | |||
[4] | Impairment charges primarily based upon review of residual values, sales prices and debt maturity status and the likelihood of foreclosure of certain underlying properties within the Company's preferred equity investments, during 2015 and 2014. The Company believes it will not recover its investment in certain preferred equity investments and as such recorded full impairments on these investments. | |||
[5] | During 2014, the Company recognized aggregate impairment charges of $33.3 million, before an income tax benefit of $6.1 million and noncontrolling interests of $0.3 million. | |||
[6] | During 2015, the Company recognized aggregate impairment charges of $30.3 million, before an income tax benefit of $5.4 million and noncontrolling interests of $5.6 million. | |||
[7] | During 2016, the Company recognized aggregate impairment charges of $93.3 million, before an income tax benefit of $21.1 million and noncontrolling interests of $0.4 million, primarily related to sale of certain operating properties, certain properties maintained in the Company's TRS for which the hold period was re-evaluated in connection with the Merger (see Footnote 22 of the Notes to Consolidated Financial Statements for additional disclosure) and adjustments to property carrying values in connection with the Company's efforts to market certain properties and management's assessment as to the likelihood and timing of such potential transactions and the anticipated hold period for such properties. | |||
[8] | See Footnotes 5 & 6 of the Notes to Consolidated Financial Statements above for additional disclosure |
Note 8 - Investment and Advan79
Note 8 - Investment and Advances in Real Estate Joint Ventures (Details Textual) ft² in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2016USD ($)ft² | Dec. 31, 2015USD ($)ft² | Dec. 31, 2014USD ($) | ||
Gross Leasable Area | ft² | [1] | 2,665 | 7,519 | |
Number of Joint Ventures | 3 | |||
Business Combination, Consideration Transferred | $ 645,624 | $ 1,772,113 | ||
Other Liabilities | 404,137 | 433,960 | ||
Equity Method Investments | $ 504,209 | $ 742,559 | ||
All Equity Method Investments [Member] | ||||
Number of Real Estate Properties | 135 | 191 | ||
Gross Leasable Area | ft² | 26,200 | 35,400 | ||
Kim Pru and Kim Pru II [Member] | ||||
Number of Real Estate Properties | [2],[3] | 48 | 53 | |
Number of Joint Ventures | 4 | |||
Number Of Accounts | 4 | |||
Kim Pru [Member] | ||||
Number of Joint Ventures | 3 | |||
CPP [Member] | ||||
Number of Real Estate Properties | [3],[4] | 5 | 7 | |
CPP [Member] | Property Interest Adjacent to Existing Operating Property in Temecula, CA [Member] | ||||
Business Combination, Consideration Transferred | $ 27,500 | |||
Real Estate Joint Ventures [Member] | Land Parcels [Member] | ||||
Number of Real Estate Properties, Interest Disposed of or Transferred | 1 | 11 | ||
Real Estate Joint Ventures [Member] | Land Parcels [Member] | MEXICO | ||||
Number of Real Estate Properties | 5 | |||
Real Estate Joint Ventures [Member] | Operating Properties [Member] | ||||
Business Combination, Consideration Transferred | $ 590,100 | $ 1,600,000 | $ 1,000,000 | |
Number of Real Estate Properties, Interest Disposed of or Transferred | 45 | 98 | 37 | |
Equity Method Investment, Sales Price | $ 811,700 | |||
Equity Method Investment, Realized Gain (Loss) on Disposal | $ 96,000 | |||
Number of Real Estate Properties, Remaining Interest Acquired | 9 | 43 | 34 | |
Real Estate Joint Ventures [Member] | Operating Properties and Land Parcels [Member] | ||||
Equity Method Investment, Sales Price | $ 1,100,000 | $ 1,800,000 | ||
Equity Method Investment, Realized Gain (Loss) on Disposal | $ 151,200 | $ 380,600 | ||
Real Estate Joint Ventures [Member] | Development Properties [Member] | ||||
Number of Real Estate Properties, Remaining Interest Acquired | 1 | |||
Other Joint Venture Programs [Member] | ||||
Number of Real Estate Properties | [5] | 34 | 40 | |
Other Liabilities | $ 11,000 | $ 12,600 | ||
[1] | Gross leasable area ("GLA") | |||
[2] | Represents four separate joint ventures, with four separate accounts managed by Prudential Global Investment Management ("PGIM"), three of these ventures are collectively referred to as KimPru and the remaining venture is referred to as KimPru II. | |||
[3] | The Company manages these joint venture investments and, where applicable, earns acquisition fees, leasing commissions, property management fees, asset management fees and construction management fees. | |||
[4] | During the year ended December 31, 2016, CPP joint venture acquired a property interest adjacent to an existing operating property in Temecula, CA for a gross purchase price of $27.5 million. | |||
[5] | Includes five land parcels located in Mexico. |
Note 8 - Investment and Advan80
Note 8 - Investment and Advances in Real Estate Joint Ventures - Investment Details (Details) - USD ($) | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
The company's investment | $ 12,008,075,148 | $ 11,568,809,126 | $ 10,018,225,775 | $ 9,123,343,869 | |
Kim Pru and Kim Pru II [Member] | |||||
Average ownership interest | [1],[2] | 15.00% | 15.00% | ||
Number of properties | [1],[2] | 48 | 53 | ||
The company's investment | [1],[2] | $ 182,500,000 | $ 175,500,000 | ||
Kimco Income Fund [Member] | |||||
Average ownership interest | [2] | 48.60% | 48.60% | ||
Number of properties | [2] | 45 | 47 | ||
The company's investment | [2] | $ 145,200,000 | $ 131,000,000 | ||
CPP [Member] | |||||
Average ownership interest | [2],[3] | 55.00% | 55.00% | ||
Number of properties | [2],[3] | 5 | 7 | ||
The company's investment | [2],[3] | $ 111,800,000 | $ 195,600,000 | ||
Other Institutional Programs [Member] | |||||
Number of properties | [2] | 2 | 9 | ||
The company's investment | [2] | $ 400,000 | $ 5,200,000 | ||
Other Joint Venture Programs [Member] | |||||
Number of properties | [4] | 34 | 40 | ||
The company's investment | [4] | $ 60,400,000 | $ 64,000,000 | ||
Canadian Properties [Member] | |||||
Average ownership interest | 50.00% | ||||
Number of properties | 1 | 35 | |||
The company's investment | $ 3,900,000 | $ 171,300,000 | |||
All Equity Method Investments [Member] | |||||
Number of properties | 135 | 191 | |||
The company's investment | $ 504,200,000 | $ 742,600,000 | |||
[1] | Represents four separate joint ventures, with four separate accounts managed by Prudential Global Investment Management ("PGIM"), three of these ventures are collectively referred to as KimPru and the remaining venture is referred to as KimPru II. | ||||
[2] | The Company manages these joint venture investments and, where applicable, earns acquisition fees, leasing commissions, property management fees, asset management fees and construction management fees. | ||||
[3] | During the year ended December 31, 2016, CPP joint venture acquired a property interest adjacent to an existing operating property in Temecula, CA for a gross purchase price of $27.5 million. | ||||
[4] | Includes five land parcels located in Mexico. |
Note 8 - Investment and Advan81
Note 8 - Investment and Advances in Real Estate Joint Ventures - The Company's Share of Net Income/(Loss) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Income of joint ventures, net | $ 218,714 | $ 480,395 | $ 159,560 |
Kim Pru and Kim Pru II [Member] | |||
Income of joint ventures, net | 16,400 | 7,100 | 8,100 |
KIR [Member] | |||
Income of joint ventures, net | 44,000 | 41,000 | 26,500 |
CPP [Member] | |||
Income of joint ventures, net | 7,700 | 9,600 | 7,100 |
Other Institutional Programs [Member] | |||
Income of joint ventures, net | 1,100 | 4,700 | 28,800 |
Other Joint Venture Programs [Member] | |||
Income of joint ventures, net | 3,900 | 14,200 | 49,700 |
Canadian Properties [Member] | |||
Income of joint ventures, net | $ 145,600 | $ 403,800 | $ 39,400 |
Note 8 - Investment and Advan82
Note 8 - Investment and Advances in Real Estate Joint Ventures - Joint Venture Investments Accounted for Under the Equity Method, Debt Details (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | ||
Mortgage and notes payable | $ 2,063 | $ 2,799.1 | |
Kim Pru and Kim Pru II [Member] | |||
Mortgage and notes payable | $ 647.4 | $ 777.1 | |
Weighted average interest rate | 3.07% | 5.54% | |
Weighted average remaining term (Month) | [1] | 5 years 225 days | 1 year 18 days |
KIR [Member] | |||
Mortgage and notes payable | $ 746.5 | $ 811.6 | |
Weighted average interest rate | 4.64% | 4.64% | |
Weighted average remaining term (Month) | [1] | 4 years 207 days | 5 years 69 days |
CPP [Member] | |||
Mortgage and notes payable | $ 84.8 | $ 109.9 | |
Weighted average interest rate | 2.17% | 5.25% | |
Weighted average remaining term (Month) | [1] | 1 year 120 days | 105 days |
Other Institutional Programs [Member] | |||
Mortgage and notes payable | $ 94.7 | $ 218.5 | |
Weighted average interest rate | 4.09% | 4.92% | |
Weighted average remaining term (Month) | [1] | 1 year 210 days | 1 year 255 days |
Other Joint Venture Programs [Member] | |||
Mortgage and notes payable | $ 482.1 | $ 540.7 | |
Weighted average interest rate | 5.67% | 5.61% | |
Weighted average remaining term (Month) | [1] | 2 years 15 days | 3 years 3 days |
Canadian Properties [Member] | |||
Mortgage and notes payable | $ 7.5 | $ 341.3 | |
Weighted average interest rate | 4.70% | 4.64% | |
Weighted average remaining term (Month) | [1] | 273 days | 4 years 252 days |
[1] | Average remaining term includes extensions |
Note 8 - Investment and Advan83
Note 8 - Investment and Advances in Real Estate Joint Ventures - Investment and Advances to Real Estate Joint Ventures - Balance Sheets (Details) - Excluding KIR and Rio Can [Member] - USD ($) $ in Millions | Dec. 31, 2016 | Dec. 31, 2015 |
Assets | $ 3,966.5 | $ 5,134.8 |
Noncontrolling interests | 15.9 | 16.2 |
Partners’/Members’ capital | 1,805.3 | 2,199.9 |
3,966.5 | 5,134.8 | |
Real Estate [Member] | ||
Assets | 3,741.9 | 4,855.5 |
Other Assets [Member] | ||
Assets | 224.6 | 279.3 |
Notes Payable [Member] | ||
Liabilities | 214.5 | 29.7 |
Mortgages Payable and Construction Loans [Member] | ||
Liabilities | 1,848.5 | 2,769.4 |
Other Liabilities [Member] | ||
Liabilities | $ 82.3 | $ 119.6 |
Note 8 - Investment and Advan84
Note 8 - Investment and Advances in Real Estate Joint Ventures - Investment and Advances to Real Estate Joint Ventures - Income Statements (Details) - Excluding KIR and Rio Can [Member] - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Revenues from rental properties | $ 597.5 | $ 842.5 | $ 1,059.9 |
Operating expenses | (178.1) | (265.9) | (333.5) |
Interest expense | (117.3) | (202.8) | (247.3) |
Depreciation and amortization | (138.1) | (191.9) | (260) |
Impairment charges | (38.6) | (63.4) | (23.1) |
Other income/(expense), net | 20.1 | 4.4 | (14.4) |
(452) | (719.6) | (878.3) | |
Income from continuing operations | 145.5 | 122.9 | 181.6 |
Income from discontinued operations | 2.8 | ||
Impairment on dispositions of properties | (3.8) | ||
Gain on dispositions of properties | 471.1 | ||
470.1 | |||
Gain on sale of operating properties | 296.2 | 1,166.7 | |
Net income | $ 441.7 | $ 1,289.6 | $ 651.7 |
Note 9 - Other Real Estate In85
Note 9 - Other Real Estate Investments (Details Textual) $ in Thousands | 1 Months Ended | 12 Months Ended | ||
Jan. 31, 2015USD ($) | Dec. 31, 2016USD ($) | Dec. 31, 2015USD ($) | Dec. 31, 2014USD ($) | |
Equity Method Investments | $ 504,209 | $ 742,559 | ||
Income (Loss) from Equity Method Investments | 218,714 | 480,395 | $ 159,560 | |
Secured Debt | 1,139,117 | 1,614,982 | ||
Payments to Acquire Interest in Joint Venture | $ 86,453 | $ 91,609 | $ 93,845 | |
Albertsons, NAI and Safeway [Member] | ||||
Number of Stores | 2,200 | |||
Number of States in which Entity Operates | 33 | |||
Maximum [Member] | ||||
Debt Instrument, Interest Rate, Stated Percentage | 7.00% | |||
Preferred Equity Investments [Member] | ||||
Equity Method Investments | $ 199,900 | |||
Number of Real Estate Properties | 365 | 421 | ||
Income (Loss) from Equity Method Investments | $ 27,500 | $ 27,000 | ||
Equity Method Investment, Realized Gain (Loss) on Disposal | $ 10,500 | $ 9,300 | ||
Number of Capital Transactions | 5 | 9 | ||
Secured Debt | $ 427,400 | |||
Preferred Equity Investments [Member] | Minimum [Member] | ||||
Debt Instrument, Term | 30 days | |||
Debt Instrument, Interest Rate, Stated Percentage | 4.19% | |||
Preferred Equity Investments [Member] | Maximum [Member] | ||||
Debt Instrument, Term | 8 years | |||
Debt Instrument, Interest Rate, Stated Percentage | 10.47% | |||
Preferred Equity Investments [Member] | Leased Properties [Member] | ||||
Number of Real Estate Properties | 346 | 385 | ||
Preferred Equity Investments [Member] | Maximum Exposure [Member] | ||||
Equity Method Investments | $ 193,700 | |||
ABS Venture [Member] | ||||
Payments to Acquire Investments | $ 85,300 | |||
ABS Venture [Member] | Two Partners [Member] | ||||
Payments to Acquire Interest in Joint Venture | 105,000 | |||
ABS Venture [Member] | Colony [Member] | ||||
Payments to Acquire Interest in Joint Venture | $ 100,000 | |||
AB Acquisition [Member] | ||||
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners | 9.80% | |||
AB Acquisition [Member] | Colony [Member] | ||||
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners | 4.30% | 4.30% | ||
AB Acquisition [Member] | ABS Venture [Member] | ||||
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners | 14.35% | 14.35% | ||
AB Acquisition [Member] | Kimco [Member] | ||||
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners | 9.80% | |||
Safeway [Member] | ||||
Noncontrolling Interest Liability | $ 65,000 | |||
Cost Method Investments Increase (Decrease) In Additional Paid In Capital | 24,000 | |||
Cost Method Investment Deferred Tax Effect | 16,000 | |||
Safeway [Member] | Other Assets [Member] | ||||
Cost Method Investments | $ 190,300 |
Note 9 - Other Real Estate In86
Note 9 - Other Real Estate Investments - Preferred Equity Investments - Balance Sheet Disclosures (Details) - Preferred Equity Investments [Member] - USD ($) $ in Millions | Dec. 31, 2016 | Dec. 31, 2015 |
Assets: | ||
Assets | $ 774.1 | $ 886.3 |
Liabilities and Partners’/Members’ Capital: | ||
Partners’/Members’ capital | 311.1 | 309.7 |
774.1 | 886.3 | |
Real Estate, Net [Member] | ||
Assets: | ||
Assets | 187 | 258 |
Other Assets [Member] | ||
Assets: | ||
Assets | 587.1 | 628.3 |
Notes and Mortgage Payable [Member] | ||
Liabilities and Partners’/Members’ Capital: | ||
Liabilities | 454.7 | 563.7 |
Other Liabilities [Member] | ||
Liabilities and Partners’/Members’ Capital: | ||
Liabilities | $ 8.3 | $ 12.9 |
Note 9 - Other Real Estate In87
Note 9 - Other Real Estate Investments - Preferred Equity Investments - Income Statement Disclosures (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Mar. 31, 2016 | Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Revenues from rental properties | $ 292,909 | $ 279,286 | $ 287,115 | $ 293,091 | $ 296,501 | $ 283,387 | $ 289,080 | $ 275,506 | $ 1,152,401 | $ 1,144,474 | $ 958,888 |
Operating expenses | (869,969) | (823,197) | (683,582) | ||||||||
Interest expense | (192,549) | (218,891) | (203,759) | ||||||||
Depreciation and amortization | (355,320) | (344,527) | (258,074) | ||||||||
Other expense, net | 2,313 | 2,234 | (8,544) | ||||||||
Income from continuing operations | 300,823 | 343,572 | 310,315 | ||||||||
Discontinued Operations: | |||||||||||
6 | 37,612 | ||||||||||
Net (loss)/income from U.S. taxable REIT subsidiaries | 386,138 | 900,143 | 435,880 | ||||||||
Preferred Equity Investments [Member] | |||||||||||
Revenues from rental properties | 102,600 | 122,100 | 146,000 | ||||||||
Operating expenses | (27,400) | (35,600) | (47,000) | ||||||||
Interest expense | (26,700) | (35,700) | (47,100) | ||||||||
Depreciation and amortization | (6,700) | (11,400) | (19,200) | ||||||||
Other expense, net | (11,500) | (9,200) | (7,200) | ||||||||
Income from continuing operations | 30,300 | 30,200 | 25,500 | ||||||||
Discontinued Operations: | |||||||||||
Gain on disposition of properties | 31,500 | ||||||||||
31,500 | |||||||||||
Gain on sale of operating properties | 5,300 | 6,000 | |||||||||
Net (loss)/income from U.S. taxable REIT subsidiaries | $ 35,600 | $ 36,200 | $ 57,000 |
Note 10 - Variable Interest E88
Note 10 - Variable Interest Entities (Details Textual) $ in Millions | 12 Months Ended |
Dec. 31, 2016USD ($) | |
Consolidated Operating Properties [Member] | |
Variable Interest Entity, Number of Entities | 21 |
Variable Interest Entity, Consolidated, Carrying Amount, Assets | $ 902 |
Variable Interest Entity, Consolidated, Carrying Amount, Liabilities | 174.2 |
Real Estate Under Development [Member] | |
Variable Interest Entity, Consolidated, Carrying Amount, Assets | 183.1 |
Variable Interest Entity, Consolidated, Carrying Amount, Liabilities | $ 2.3 |
Number of Consolidated Entities | 2 |
Variable Interest Entity, Financial or Other Support, Amount | $ 68.7 |
Redevelopment [Member] | |
Variable Interest Entity, Financial or Other Support, Amount | 7.4 |
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount | $ 7.4 |
Note 11 - Mortgages and Other89
Note 11 - Mortgages and Other Financing Receivables (Details Textual) | 12 Months Ended |
Dec. 31, 2016 | |
Mortgage Loans on Real Estate, Number of Loans | 12 |
Note 11 - Mortgages and Other90
Note 11 - Mortgages and Other Financing Receivables - Mortgage Loans and Other Financing Receivables (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Balance at January 1 | $ 23,824 | $ 74,013 | $ 30,243 |
New mortgage loans | 5,730 | 52,728 | |
Balance at December 31 | 23,197 | 23,824 | 74,013 |
Write-off of Loan Discounts [Member] | |||
Other additions | 286 | ||
Foreign Currency Translation [Member] | |||
Other additions | 397 | ||
Amortization of Loan Discounts [Member] | |||
Other additions | 112 | 112 | 126 |
Loan Repayments [Member] | |||
Collections of principal | (53,646) | (7,330) | |
Charge Off/Foreign Currency Translation [Member] | |||
Other deductions | (213) | (884) | (1,066) |
Collections of Principal [Member] | |||
Collections of principal | (921) | (1,499) | (972) |
Amortization of Loan Costs [Member] | |||
Other deductions | $ (2) | $ (2) | $ (2) |
Note 12 - Marketable Securiti91
Note 12 - Marketable Securities (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Proceeds from Sale and Maturity of Marketable Securities | $ 1,937 | $ 76,170 | $ 3,780 |
Available-for-sale Securities, Gross Realized Gains | 39,900 | ||
Maximum [Member] | |||
Held-to-maturity Securities, Debt Maturities, Period | 5 years | ||
Certain Marketable Securities [Member] | |||
Proceeds from Sale and Maturity of Marketable Securities | $ 76,200 |
Note 12 - Marketable Securiti92
Note 12 - Marketable Securities - Marketable Securities (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Gross Unrealized Gains - Equity securities | $ 406 | $ 398 |
Marketable equity securities | 6,502 | 5,909 |
Gross Unrealized Gains - Debt securities | (1) | |
Estimated Fair Value - Debt securities | 1,599 | 1,655 |
Amortized Cost - Total marketable securities | 8,101 | 7,565 |
Gross Unrealized Gains - Total marketable securities | 406 | 397 |
Estimated Fair Value - Total marketable securities | 8,101 | 7,564 |
Amortized Cost [Member] | ||
Amortized Cost - Equity securities | 6,096 | 5,511 |
Amortized Cost - Debt securities | 1,599 | 1,656 |
Amortized Cost - Total marketable securities | $ 7,695 | $ 7,167 |
Note 13 - Notes Payable (Detail
Note 13 - Notes Payable (Details Textual) CAD in Millions | Aug. 26, 2016USD ($) | Aug. 26, 2016CAD | Feb. 24, 2017USD ($) | Jan. 31, 2017USD ($) | Nov. 30, 2016USD ($) | Aug. 31, 2016USD ($) | Jan. 31, 2015USD ($) | Dec. 31, 2017USD ($) | Dec. 31, 2016USD ($) | Dec. 31, 2015USD ($) | Dec. 31, 2014USD ($) | |
Gain (Loss) on Extinguishment of Debt | $ (45,674,000) | |||||||||||
Debt Covenants Dividend Payment Restriction Maximum Payment | 26,000,000 | |||||||||||
Line of Credit Facility Sub-limit | 500,000,000 | |||||||||||
Long-term Line of Credit | 25,000,000 | |||||||||||
Revolving Credit Facility [Member] | ||||||||||||
Line of Credit Facility, Current Borrowing Capacity | 1,750,000,000 | |||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | 2,250,000,000 | |||||||||||
Letter of Credit [Member] | ||||||||||||
Line of Credit Facility, Current Borrowing Capacity | 1,750,000,000 | |||||||||||
Long-term Line of Credit | $ 700,000 | |||||||||||
Subsequent Event [Member] | ||||||||||||
Line of Credit Facility Sub-limit | $ 500,000,000 | |||||||||||
Subsequent Event [Member] | Revolving Credit Facility [Member] | ||||||||||||
Line of Credit Facility, Current Borrowing Capacity | 2,250,000,000 | |||||||||||
Subsequent Event [Member] | Revolving Credit Facility [Member] | Credit Facility Accordion Feature [Member] | ||||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 2,750,000,000 | |||||||||||
London Interbank Offered Rate (LIBOR) [Member] | Subsequent Event [Member] | Revolving Credit Facility [Member] | ||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 0.875% | |||||||||||
Term Loan [Member] | ||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 1.60% | 1.37% | ||||||||||
Repayments of Long-term Debt | $ 400,000,000 | $ 400,000,000 | ||||||||||
Unsecured Debt | $ 650,000,000 | $ 250,000,000 | ||||||||||
Term Loan [Member] | Subsequent Event [Member] | ||||||||||||
Repayments of Long-term Debt | $ 250,000,000 | $ 250,000,000 | ||||||||||
Term Loan [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 0.95% | 1.05% | ||||||||||
Line of Credit [Member] | ||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 1.67% | 1.35% | ||||||||||
Line of Credit [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 0.925% | |||||||||||
Unsecured Debt [Member] | ||||||||||||
Debt, Weighted Average Interest Rate | 3.58% | |||||||||||
Debt Issuance Costs, Net | $ 47,700,000 | |||||||||||
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months | 250,000,000 | |||||||||||
Long-term Debt, Maturities, Repayments of Principal in Year Two | 325,000,000 | |||||||||||
Long-term Debt, Maturities, Repayments of Principal in Year Three | 300,000,000 | |||||||||||
Long-term Debt, Maturities, Repayments of Principal in Year Four | 0 | |||||||||||
Long-term Debt, Maturities, Repayments of Principal in Year Five | 500,000,000 | |||||||||||
Long-term Debt, Maturities, Repayments of Principal after Year Five | 2,600,000,000 | |||||||||||
Gain (Loss) on Extinguishment of Debt | $ (10,200,000) | |||||||||||
Canadian Notes Payable, Mature in April 2018 [Member] | ||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 5.99% | 5.99% | ||||||||||
Repayments of Long-term Debt | CAD | CAD 150 | |||||||||||
Canadian Notes Payable, Mature in August 2020 [Member] | ||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 3.855% | 3.855% | ||||||||||
Repayments of Long-term Debt | CAD | CAD 200 | |||||||||||
Canadian Notes Payable [Member] | ||||||||||||
Repayments of Long-term Debt | [1] | $ 270,900,000 | ||||||||||
Gain (Loss) on Extinguishment of Debt | $ (26,300,000) | CAD (34.1) | ||||||||||
[1] | On August 26, 2016, the redemption date, the Company repaid (i) its Canadian denominated ("CAD") $150.0 million 5.99% notes, which were scheduled to mature in April 2018 and (ii) its CAD $200.0 million 3.855% notes, which were scheduled to mature in August 2020. The Company recorded aggregate early extinguishment of debt charges of CAD $34.1 million (USD $26.3 million) resulting from the early repayment of these notes. |
Note 13 - Notes Payable - Notes
Note 13 - Notes Payable - Notes Payable (Details) - USD ($) $ in Millions | 12 Months Ended | ||||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |||
Deferred financing costs, net | $ (47.7) | $ (31.4) | |||
Balance, Net | 3,927.3 | 3,761.3 | |||
Maximum [Member] | |||||
Interest Rate | 7.00% | ||||
Unsecured Debt [Member] | |||||
Gross Balance | $ 3,400 | $ 2,290.9 | |||
Unsecured Debt [Member] | Minimum [Member] | |||||
Interest Rate | 2.70% | 3.13% | |||
Maturity Date | Oct2019 | May2017 | |||
Unsecured Debt [Member] | Maximum [Member] | |||||
Interest Rate | 6.88% | 6.88% | |||
Maturity Date | Dec2046 | Apr2045 | |||
Medium-term Notes [Member] | |||||
Gross Balance | $ 300 | $ 600 | |||
Medium-term Notes [Member] | Minimum [Member] | |||||
Interest Rate | 4.30% | 4.30% | |||
Maturity Date | Feb2018 | Mar2016 | |||
Medium-term Notes [Member] | Maximum [Member] | |||||
Interest Rate | 4.30% | 5.78% | |||
Maturity Date | Feb2018 | Feb2018 | |||
Term Loan [Member] | |||||
Gross Balance | $ 250 | [1] | $ 650 | ||
Interest Rate | 1.60% | 1.37% | |||
Term Loan [Member] | Minimum [Member] | |||||
Interest Rate | [1] | ||||
Maturity Date | [1] | Jan2017 | Jan2017 | ||
Term Loan [Member] | Maximum [Member] | |||||
Interest Rate | [1] | ||||
Maturity Date | [1] | Jan2017 | Jan2017 | ||
Line of Credit [Member] | |||||
Gross Balance | [2] | $ 25 | |||
Interest Rate | 1.67% | 1.35% | |||
Line of Credit [Member] | Minimum [Member] | |||||
Interest Rate | [2] | ||||
Maturity Date | [2] | Mar2018 | Mar-2018 (b) | ||
Line of Credit [Member] | Maximum [Member] | |||||
Interest Rate | [2] | ||||
Maturity Date | [2] | Mar2018 | Mar-2018 (b) | ||
Canadian Notes Payable [Member] | |||||
Gross Balance | $ 251.8 | ||||
Canadian Notes Payable [Member] | Minimum [Member] | |||||
Interest Rate | 3.86% | ||||
Maturity Date | Apr2018 | ||||
Canadian Notes Payable [Member] | Maximum [Member] | |||||
Interest Rate | 5.99% | ||||
Maturity Date | Aug2020 | ||||
[1] | Interest rate is equal to LIBOR + 0.95% (1.60% and 1.37% at December 31, 2016 and 2015, respectively). During January 2017, the Company repaid the $250.0 million outstanding balance on the Term Loan and terminated the agreement. | ||||
[2] | Interest rate is equal to LIBOR + 0.925% (1.67% and 1.35% at December 31, 2016 and 2015, respectively). During February 2017, the Company repaid the outstanding balance on the Credit Facility and terminated the agreement. The Company closed on a new $2.25 billion unsecured revolving credit facility which is scheduled to mature March 2021 with two six-month extension options at an interest rate of LIBOR plus 87.5 basis points. |
Note 13 - Notes and Mortgage Pa
Note 13 - Notes and Mortgage Payable - Note Repayments (Details) - USD ($) $ in Millions | 1 Months Ended | |||||
Aug. 31, 2016 | Mar. 31, 2016 | Nov. 30, 2015 | Sep. 30, 2015 | Feb. 28, 2015 | ||
Canadian Notes Payable [Member] | ||||||
Amount Repaid | [1] | $ 270.9 | ||||
Senior Note 1 [Member] | ||||||
Amount Repaid | [2] | $ 290.9 | ||||
Maturity Date | [2] | May17 | ||||
Interest Rate | [2] | 5.70% | ||||
Medium-term Note 1 [Member] | ||||||
Amount Repaid | $ 300 | |||||
Maturity Date | Mar16 | |||||
Interest Rate | 5.783% | |||||
Medium-term Note 2 [Member] | ||||||
Amount Repaid | $ 150 | |||||
Maturity Date | Nov15 | |||||
Interest Rate | 5.584% | |||||
Senior Note 2 [Member] | ||||||
Amount Repaid | $ 100 | |||||
Maturity Date | Sep15 | |||||
Interest Rate | 5.25% | |||||
Medium-term Note 3 [Member] | ||||||
Amount Repaid | $ 100 | |||||
Maturity Date | Feb15 | |||||
Interest Rate | 4.904% | |||||
[1] | On August 26, 2016, the redemption date, the Company repaid (i) its Canadian denominated ("CAD") $150.0 million 5.99% notes, which were scheduled to mature in April 2018 and (ii) its CAD $200.0 million 3.855% notes, which were scheduled to mature in August 2020. The Company recorded aggregate early extinguishment of debt charges of CAD $34.1 million (USD $26.3 million) resulting from the early repayment of these notes. | |||||
[2] | The Company recorded an early extinguishment of debt charge of $10.2 million resulting from the early repayment of this note. |
Note 13 - Notes Payable - Senio
Note 13 - Notes Payable - Senior Unsecured Notes Issuance (Details) | 12 Months Ended |
Dec. 31, 2016USD ($) | |
Senior Unsecured Notes 1 [Member] | |
Date Issued | Nov16 |
Maturity Date | Mar24 |
Amount Issued | $ 400,000,000 |
Interest Rate | 2.70% |
Senior Unsecured Notes 2 [Member] | |
Date Issued | Nov16 |
Maturity Date | Dec46 |
Amount Issued | $ 350,000,000 |
Interest Rate | 4.125% |
Senior Unsecured Notes 3 [Member] | |
Date Issued | Aug16 |
Maturity Date | Oct26 |
Amount Issued | $ 500,000,000 |
Interest Rate | 2.80% |
Senior Unsecured Notes 4 [Member] | |
Date Issued | May16 |
Maturity Date | Apr45 |
Amount Issued | $ 150,000,000 |
Interest Rate | 4.25% |
Senior Unsecured Notes 5 [Member] | |
Date Issued | Oct15 |
Maturity Date | Nov22 |
Amount Issued | $ 500,000,000 |
Interest Rate | 3.40% |
Senior Unsecured Notes 6 [Member] | |
Date Issued | Mar15 |
Maturity Date | Apr45 |
Amount Issued | $ 350,000,000 |
Interest Rate | 4.25% |
Note 14 - Mortgages Payable (De
Note 14 - Mortgages Payable (Details Textual) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016USD ($) | Dec. 31, 2015USD ($) | Dec. 31, 2014USD ($) | |
Gain (Loss) on Extinguishment of Debt | $ (45,674) | ||
Maximum [Member] | |||
Debt Instrument, Interest Rate, Stated Percentage | 7.00% | ||
Mortgages [Member] | |||
Number of Real Estate Properties | 47 | 27 | |
Long-term Debt, Fair Value | $ 2,100 | $ 1,400 | |
Repayments of Long-term Debt | 703,000 | 557,000 | |
Gain (Loss) on Extinguishment of Debt | (9,200) | ||
Debt Instrument, Increase (Decrease), Net | (25,600) | ||
Liabilities, Fair Value Adjustment | $ 400 | ||
Debt, Weighted Average Interest Rate | 4.94% | ||
Unamortized Fair Value Debt Adjustments | $ 27,700 | ||
Unamortized Debt Issuance Expense | 3,000 | ||
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months | 462,400 | ||
Long-term Debt, Maturities, Repayments of Principal in Year Two | 124,400 | ||
Long-term Debt, Maturities, Repayments of Principal in Year Three | 115,900 | ||
Long-term Debt, Maturities, Repayments of Principal in Year Four | 101,200 | ||
Long-term Debt, Maturities, Repayments of Principal in Year Five | 145,400 | ||
Long-term Debt, Maturities, Repayments of Principal after Year Five | $ 165,100 | ||
Mortgages [Member] | Minimum [Member] | |||
Debt Instrument, Interest Rate, Stated Percentage | 1.91% | ||
Mortgages [Member] | Maximum [Member] | |||
Debt Instrument, Interest Rate, Stated Percentage | 9.75% | ||
Mortgages [Member] | London Interbank Offered Rate (LIBOR) [Member] | |||
Debt Instrument, Basis Spread on Variable Rate | 1.35% | ||
Mortgages [Member] | Other Income (Expense), Net [Member] | |||
Gain on Forgiveness of Debt | $ 3,100 | ||
Mortgages [Member] | Fair Market Value Adjustment Amount [Member] | |||
Long-term Debt, Fair Value | 4,300 | 27,600 | |
Mortgages [Member] | Operating Properties [Member] | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt | $ 289,000 | $ 835,200 | |
Mortgages [Member] | Operating Properties [Member] | Acquired [Member] | |||
Number of Real Estate Properties | 10 | 38 |
Note 15 - Noncontrolling Inte98
Note 15 - Noncontrolling Interests (Details Textual) $ / shares in Units, $ in Thousands | 12 Months Ended | ||||
Dec. 31, 2016USD ($) | Dec. 31, 2015USD ($) | Dec. 31, 2014USD ($) | Dec. 31, 2007USD ($)shares | Dec. 31, 2006USD ($)$ / sharesshares | |
Noncontrolling Interest, Increase from Subsidiary Equity Issuance | $ 16,667 | $ 66,163 | $ 6,259 | ||
Redeemable Noncontrolling Interest, Equity, Carrying Amount | 86,953 | 86,709 | 91,480 | ||
Redeemable Units to Company Common Stock, Ratio | 1 | ||||
Redeemable Non-controlling Interest, Issuance Amount, Fair Value Remeasurement | $ 1,000 | ||||
Number of Joint Ventures | 3 | ||||
Payments to Acquire Additional Interest in Subsidiaries | $ 31,600 | ||||
Noncontrolling Interest, Period Increase (Decrease) | $ 17,650 | ||||
Adjustments to Additional Paid in Capital, Other | (6,400) | ||||
Remaining Interest in Joint Ventures [Member] | |||||
Noncontrolling Interest, Period Increase (Decrease) | (25,200) | ||||
Capital Units, Class B [Member] | |||||
Non-controlling Interest, Units Redeemed | shares | 30,000 | ||||
Non-controlling Interest, Cumulative Par Value | $ 1,100 | ||||
Class B Units [Member] | |||||
Non-controlling Interest, Units Issued | shares | 647,758 | ||||
Non-controlling Interest, Par Value | $ / shares | $ 37.24 | ||||
Remaining [Member] | |||||
Redeemable Noncontrolling Interest, Equity, Carrying Amount | 86,200 | 88,900 | |||
Convertible Units [Member] | |||||
Noncontrolling Interest, Increase from Subsidiary Equity Issuance | $ 5,300 | ||||
Non-controlling Interest, Units | shares | 138,015 | ||||
Convertible Units [Member] | Fair Market Value Adjustments [Member] | |||||
Unamortized Fair Value Debt Adjustments | $ 300 | ||||
Redeemable Units [Member] | |||||
Redeemable Noncontrolling Interest, Equity, Carrying Amount | $ 26,500 | $ 26,500 | |||
PUERTO RICO | |||||
Number of Real Estate Properties | 7 | ||||
Noncontrolling Interest, Increase from Subsidiary Equity Issuance | $ 233,000 | ||||
PUERTO RICO | Fair Market Value Adjustments [Member] | |||||
Noncontrolling Interest, Increase from Subsidiary Equity Issuance | 15,100 | ||||
PUERTO RICO | Non-convertible Units [Member] | |||||
Noncontrolling Interest, Increase from Subsidiary Equity Issuance | 158,600 | ||||
PUERTO RICO | Convertible Units [Member] | |||||
Noncontrolling Interest, Increase from Subsidiary Equity Issuance | 45,800 | ||||
PUERTO RICO | Premiums [Member] | |||||
Noncontrolling Interest, Increase from Subsidiary Equity Issuance | $ 13,500 |
Note 15 - Noncontrolling Inte99
Note 15 - Noncontrolling Interest - Convertible Non-convertible Units (Details) | 12 Months Ended | |
Dec. 31, 2016$ / sharesshares | ||
Preferred A Units [Member] | ||
Par Value Per Unit (in dollars per share) | $ / shares | $ 1 | [1] |
Number of Units Remaining (in shares) | shares | 79,642,697 | [1] |
Return Per Annum | 5.00% | [1] |
Class B-1 Preferred Units [Member] | ||
Par Value Per Unit (in dollars per share) | $ / shares | $ 10,000 | [2] |
Number of Units Remaining (in shares) | shares | 189 | [2] |
Return Per Annum | 7.00% | [2] |
Class B-2 Preferred Units [Member] | ||
Par Value Per Unit (in dollars per share) | $ / shares | $ 10,000 | [1] |
Number of Units Remaining (in shares) | shares | 42 | [1] |
Return Per Annum | 7.00% | [1] |
Class C DownReit Units [Member] | ||
Par Value Per Unit (in dollars per share) | $ / shares | $ 30.52 | [2] |
Number of Units Remaining (in shares) | shares | 52,797 | [2] |
[1] | These units are redeemable for cash by the holder or callable by the Company and are included in Redeemable noncontrolling interests on the Company's Consolidated Balance Sheets. | |
[2] | These units are redeemable for cash by the holder or at the Company's option, shares of the Company's common stock, based upon the conversion calculation as defined in the agreement. These units are included in Noncontrolling interests on the Company's Consolidated Balance Sheets. |
Note 15- Noncontrolling Interes
Note 15- Noncontrolling Interests - Redemption Value of the Redeemable Noncontrolling Interests (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | ||
Balance | $ 86,709 | $ 91,480 | |
Income (1) | [1] | 4,349 | 7,061 |
Distribution | (4,105) | (5,922) | |
Conversion of redeemable units | (5,910) | ||
Balance | $ 86,953 | $ 86,709 | |
[1] | Includes $1.0 million in fair market value remeasurement for the year ended December 31, 2015. |
Note 16 - Fair Value Disclos101
Note 16 - Fair Value Disclosure of Financial Instruments (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Marketable Securities | $ 8,101 | $ 7,565 | |
Asset Impairment Charges | $ 93,266 | 45,464 | $ 217,858 |
Cost-method Investments, Other than Temporary Impairment | 9,000 | ||
Debt Securities [Member] | |||
Asset Impairment Charges | 800 | ||
Other Real Estate Investments [Member] | |||
Asset Impairment Charges | 5,300 | ||
Sold Sites [Member] | |||
Asset Impairment Charges | 10,200 | ||
Discontinued Operations [Member] | |||
Asset Impairment Charges | $ 100 | ||
Minimum [Member] | |||
Fair Value Inputs, Cap Rate | 7.75% | 8.25% | |
Fair Value Inputs, Discount Rate | 9.25% | 9.25% | |
Maximum [Member] | |||
Fair Value Inputs, Cap Rate | 9.00% | 8.50% | |
Fair Value Inputs, Discount Rate | 12.17% | 9.75% | |
Fair Value, Estimate Not Practicable, Carrying (Reported) Amount [Member] | |||
Impairment of Real Estate | $ 93,300 | $ 20,200 | |
Fair Value, Inputs, Level 1 [Member] | |||
Marketable Securities | 6,500 | 5,900 | |
Impairment of Real Estate | 5,700 | ||
Fair Value, Inputs, Level 3 [Member] | |||
Marketable Securities | $ 1,600 | 1,700 | |
Impairment of Real Estate | 5,600 | ||
Fair Value, Inputs, Level 2 [Member] | |||
Impairment of Real Estate | $ 8,900 |
Note 16 - Fair Value Disclos102
Note 16 - Fair Value Disclosure of Financial Instruments - Estimate of Fair Value Differs From Carrying Amounts (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 | |
Mortgages [Member] | |||
Mortgages payable (3) | $ 2,100 | $ 1,400 | |
Reported Value Measurement [Member] | |||
Notes payable (2) | [1] | 3,927,251 | 3,761,328 |
Reported Value Measurement [Member] | Mortgages [Member] | |||
Mortgages payable (3) | [2] | 1,139,117 | 1,614,982 |
Reported Value Measurement [Member] | Marketable Securities [Member] | |||
Marketable securities (1) | [3] | 8,101 | 7,565 |
Estimate of Fair Value Measurement [Member] | |||
Notes payable (2) | [1] | 3,890,797 | 3,820,205 |
Estimate of Fair Value Measurement [Member] | Mortgages [Member] | |||
Mortgages payable (3) | [2] | 1,141,047 | 1,629,760 |
Estimate of Fair Value Measurement [Member] | Marketable Securities [Member] | |||
Marketable securities (1) | [3] | $ 8,101 | $ 7,564 |
[1] | The Company determined that its valuation of these Notes payable was classified within Level 2 of the fair value hierarchy. | ||
[2] | The Company determined that its valuation of these Mortgages payable was classified within Level 3 of the fair value hierarchy. | ||
[3] | As of December 31, 2016 and 2015, the Company determined that $6.5 million and $5.9 million, respectively, of the Marketable securities estimated fair value were classified within Level 1 of the fair value hierarchy and the remaining $1.6 million and $1.7 million, respectively, were classified within Level 3 of the fair value hierarchy. |
Note 16 - Fair Value Disclos103
Note 16 - Fair Value Disclosure of Financial Instruments - Assets and Liabilities Measured at Fair Value on a Recurring and Nonrecurring Basis (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 |
Marketable equity securities | $ 6,502 | $ 5,909 |
Fair Value, Measurements, Nonrecurring [Member] | ||
Real estate | 117,930 | 52,439 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Real estate | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Real estate | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Real estate | 117,930 | 52,439 |
Fair Value, Measurements, Recurring [Member] | ||
Marketable equity securities | 6,502 | 5,909 |
Interest rate swaps | 975 | 1,426 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Marketable equity securities | 6,502 | 5,909 |
Interest rate swaps | ||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Marketable equity securities | ||
Interest rate swaps | 975 | 1,426 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Marketable equity securities | ||
Interest rate swaps |
Note 17 - Preferred Stock, C104
Note 17 - Preferred Stock, Common Stock and Convertible Unit Transactions (Details Textual) | 1 Months Ended | 12 Months Ended | ||
Feb. 28, 2015USD ($)$ / shares | Dec. 31, 2016USD ($)$ / sharesshares | Dec. 31, 2015USD ($)$ / sharesshares | Dec. 31, 2014shares | |
Preferred Stock, Liquidation Preference, Value | $ 800,000,000 | $ 800,000,000 | ||
Common Stock, Par or Stated Value Per Share | $ / shares | $ 0.01 | $ 0.01 | ||
ATM Program, Amount Available | $ 211,900,000 | |||
Stock Repurchased During Period, Shares | shares | 257,477 | 179,696 | 128,147 | |
Stockholders' Equity Attributable to Noncontrolling Interest | $ 146,735,000 | $ 135,651,000 | ||
Partners' Capital Account, Units, Converted | shares | 900,000 | |||
ATM Program [Member] | ||||
Common Stock, Par or Stated Value Per Share | $ / shares | $ 0.01 | |||
Maximum Aggregate Sales Price | $ 500,000,000 | |||
Stock Issued During Period, Shares, New Issues | shares | 9,806,377 | |||
Proceeds from Issuance of Common Stock | $ 285,200,000 | |||
Payments of Stock Issuance Costs | $ 2,900,000 | |||
Redeemable Series H Preferred Stock [Member] | ||||
Preferred Stock, Liquidation Preference, Value | $ 5,800,000 | |||
Series I, J or K Preferred Stock [Member] | ||||
Number of Votes | 1,000 | |||
Number of Proxies | 1,000 | |||
Number of Votes, Depositary | 1 | |||
Series I Preferred Stock [Member] | ||||
Preferred Stock, Liquidation Preference, Value | $ 400,000,000 | |||
Preferred Stock, Liquidation Preference Per Share | $ / shares | $ 25,000 | |||
Stock Issued During Period, Shares, New Issues | shares | 16,000,000 | |||
Series J Preferred Stock [Member] | ||||
Preferred Stock, Liquidation Preference, Value | $ 225,000,000 | |||
Preferred Stock, Liquidation Preference Per Share | $ / shares | $ 25,000 | |||
Stock Issued During Period, Shares, New Issues | shares | 9,000,000 | |||
Series K Preferred Stock [Member] | ||||
Preferred Stock, Liquidation Preference, Value | $ 175,000,000 | |||
Preferred Stock, Liquidation Preference Per Share | $ / shares | $ 25,000 | |||
Stock Issued During Period, Shares, New Issues | shares | 7,000,000 | |||
Depositary Share [Member] | ||||
Preferred Stock, Liquidation Preference Per Share | $ / shares | $ 25 | |||
Convertible Units [Member] | ||||
Stockholders' Equity Attributable to Noncontrolling Interest | $ 24,100,000 |
Note 17 - Preferred Stock, C105
Note 17 - Preferred Stock, Common Stock and Convertible Unit Transactions - Outstanding Preferred Stock (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Shares authorized (in shares) | 6,029,100 | 6,029,100 |
Liquidation preference | $ 800,000,000 | $ 800,000,000 |
Par value (in dollars per share) | $ 1 | $ 1 |
Series I Preferred Stock [Member] | ||
Shares authorized (in shares) | 18,400 | |
Shares issued and outstanding (in shares) | 16,000 | |
Liquidation preference | $ 400,000,000 | |
Dividend rate | 6.00% | |
Annual dividend per depository share (in dollars per share) | $ 1.50 | |
Par value (in dollars per share) | $ 1 | |
Series J Preferred Stock [Member] | ||
Shares authorized (in shares) | 9,000 | |
Shares issued and outstanding (in shares) | 9,000 | |
Liquidation preference | $ 225,000,000 | |
Dividend rate | 5.50% | |
Annual dividend per depository share (in dollars per share) | $ 1.375 | |
Par value (in dollars per share) | $ 1 | |
Series K Preferred Stock [Member] | ||
Shares authorized (in shares) | 8,050 | |
Shares issued and outstanding (in shares) | 7,000 | |
Liquidation preference | $ 175,000,000 | |
Dividend rate | 5.625% | |
Annual dividend per depository share (in dollars per share) | $ 1.40625 | |
Par value (in dollars per share) | $ 1 | |
Total [Member] | ||
Shares authorized (in shares) | 35,450 | |
Shares issued and outstanding (in shares) | 32,000 | |
Liquidation preference | $ 800,000,000 |
Note 17 - Preferred Stock, C106
Note 17 - Preferred Stock, Common Stock and Convertible Unit Transactions - Preferred Stock Issued (Details) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Net Proceeds, After Expenses | $ 286,421 | $ 493 | $ 14,047 |
Series I Preferred Stock [Member] | |||
Depositary Shares Issued (in shares) | 16,000,000 | ||
Net Proceeds, After Expenses | $ 387,200 | ||
Offering/ Redemption Price (in dollars per share) | $ 25 | ||
Series J Preferred Stock [Member] | |||
Depositary Shares Issued (in shares) | 9,000,000 | ||
Net Proceeds, After Expenses | $ 217,800 | ||
Offering/ Redemption Price (in dollars per share) | $ 25 | ||
Series K Preferred Stock [Member] | |||
Depositary Shares Issued (in shares) | 7,000,000 | ||
Net Proceeds, After Expenses | $ 169,100 | ||
Offering/ Redemption Price (in dollars per share) | $ 25 |
Note 17 - Preferred Stock, C107
Note 17 - Preferred Stock, Common Stock and Convertible Unit Transactions - Preferred Stock Redeemed (Details) - Redeemable Series H Preferred Stock [Member] $ / shares in Units, $ in Millions | 12 Months Ended | |
Dec. 31, 2015USD ($)$ / sharesshares | [1] | |
Depositary Shares Issued (in shares) | shares | 7,000,000 | |
Redemption Amount | $ | $ 175 | |
Offering/ Redemption Price (in dollars per share) | $ / shares | $ 25 | |
[1] | In connection with this redemption the Company recorded a non-cash charge of $5.8 million resulting from the difference between the redemption amount and the carrying amount of the Class H Preferred Stock on the Company's Consolidated Balance Sheets in accordance with the FASB's guidance on Distinguishing Liabilities from Equity. The $5.8 million was subtracted from net income to arrive at net income available to common shareholders and is used in the calculation of earnings per share for the year ended December 31, 2015. |
Note 18 - Supplemental Sched108
Note 18 - Supplemental Schedule of Non-cash Investing / Financing Activities - Non-cash Investing and Financing Activities (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Acquisition of real estate interests by assumption of mortgage debt | $ 33,174 | $ 84,699 | $ 210,232 |
Acquisition of real estate interests by issuance of redeemable units | 8,219 | ||
Acquisition of real estate interests through proceeds held in escrow | 66,044 | 89,504 | 179,387 |
Proceeds held in escrow through sale of real estate interests | 66,044 | 71,623 | 197,270 |
Disposition of real estate interests by assignment of debt | 47,742 | ||
Disposition of real estate interests through the issuance of mortgage receivable | 5,730 | 2,728 | |
Disposition of real estate interests by foreclosure of debt | 22,080 | ||
Forgiveness of debt due to foreclosure | 26,000 | ||
Investment in real estate joint venture through contribution of real estate | 35,080 | ||
Decrease of noncontrolling interests through sale of real estate | 17,650 | ||
Increase in capital expenditures accrual | 15,078 | 8,581 | 12,622 |
Issuance of common stock | 85 | 493 | 14,047 |
Surrender of common stock | (7,008) | (5,682) | (4,051) |
Declaration of dividends paid in succeeding period | 124,517 | 115,182 | 111,143 |
Increase in real estate and other assets | 407,813 | 1,039,335 | 687,538 |
Increase in mortgages payable, other liabilities and noncontrolling interests | $ 268,194 | $ 750,135 | $ 492,318 |
Note 19 - Transactions with 109
Note 19 - Transactions with Related Parties (Details Textual) - USD ($) $ in Thousands | 1 Months Ended | 12 Months Ended | ||
Jan. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Payments to Acquire Interest in Joint Venture | $ 86,453 | $ 91,609 | $ 93,845 | |
ABS Venture [Member] | Colony [Member] | ||||
Payments to Acquire Interest in Joint Venture | $ 100,000 | |||
AB Acquisition [Member] | ||||
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners | 9.80% | |||
AB Acquisition [Member] | Colony [Member] | ||||
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners | 4.30% | 4.30% | ||
AB Acquisition [Member] | ABS Venture [Member] | ||||
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners | 14.35% | 14.35% | ||
AB Acquisition [Member] | Unrelated Third Party [Member] | ||||
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners | 0.25% | |||
Ripco [Member] | ||||
Related Party Transaction, Amounts of Transaction | $ 200 | $ 600 | 300 | |
Ripco [Member] | Officer [Member] | ||||
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners | 50.00% | |||
Prohealth [Member] | ||||
Property Subject to or Available for Operating Lease, Number of Units | 2 | |||
Prohealth [Member] | Annual Base Rent for Leased Properties [Member] | ||||
Related Party Transaction, Amounts of Transaction | $ 400 | $ 400 | $ 100 |
Note 20 - Commitments and Co110
Note 20 - Commitments and Contingencies (Details Textual) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Operating Leases, Future Minimum Payments Receivable, Current | $ 834.6 | ||
Operating Leases, Future Minimum Payments Receivable, in Two Years | 755.9 | ||
Operating Leases, Future Minimum Payments Receivable, in Three Years | 664.1 | ||
Operating Leases, Future Minimum Payments Receivable, in Four Years | 567.7 | ||
Operating Leases, Future Minimum Payments Receivable, in Five Years | 471.5 | ||
Operating Leases, Future Minimum Payments Receivable, Thereafter | 1,971.7 | ||
Straight Line Rent | 16.5 | $ 14.8 | $ 8.4 |
Operating Leases, Future Minimum Payments Due, Next Twelve Months | 10.3 | ||
Operating Leases, Future Minimum Payments, Due in Two Years | 9.9 | ||
Operating Leases, Future Minimum Payments, Due in Three Years | 9.2 | ||
Operating Leases, Future Minimum Payments, Due in Four Years | 8.6 | ||
Operating Leases, Future Minimum Payments, Due in Five Years | 8.3 | ||
Operating Leases, Future Minimum Payments, Due Thereafter | 143 | ||
Letters of Credit Outstanding, Amount | 40.8 | ||
Performance and Surety Bonds | $ 30.1 | ||
Revenues from Rental Property [Member] | Product Concentration Risk [Member] | |||
Concentration Risk, Percentage | 98.00% | 98.00% | 98.00% |
Minimum [Member] | |||
Lessor Leasing Arrangements, Operating Leases, Term of Contract | 5 years | ||
Maximum [Member] | |||
Lessor Leasing Arrangements, Operating Leases, Term of Contract | 25 years |
Note 21 - Incentive Plans (Deta
Note 21 - Incentive Plans (Details Textual) - USD ($) $ / shares in Units, $ in Millions | 12 Months Ended | |||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | ||
Allocated Share-based Compensation Expense | $ 19.1 | $ 18.5 | $ 17.9 | |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized | $ 31.1 | |||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 3 years 109 days | |||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 10,015,040 | 9,095,416 | 9,251,021 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 0 | 0 | 0 | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Lower Range Limit | $ 11.54 | |||
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Upper Range Limit | $ 53.14 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term | 2 years 146 days | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term | 2 years 109 days | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Remaining Contractual Term | 6 years 73 days | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number | 225,695 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price | $ 21.54 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value | $ 0.8 | |||
Employee Service Share-based Compensation, Cash Received from Exercise of Stock Options | $ 21.1 | $ 18.7 | $ 23.9 | |
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent | 5.00% | |||
Defined Contribution Plan, Cost Recognized | $ 2 | 2.1 | 2.2 | |
Employee [Member] | ||||
Severance Costs | 1.7 | 4.8 | 6.3 | |
Restricted Stock [Member] | ||||
Dividends, Share-based Compensation, Stock | $ 2.2 | $ 1.8 | $ 1.5 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ 26.15 | $ 25.98 | $ 21.60 | |
Performance Shares [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ 28.60 | $ 27.87 | $ 22.65 | |
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number | 197,249 | 202,754 | 171,400 | |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate | [1] | 0.00% | 0.00% | 0.00% |
[1] | Total Shareholder Returns, as used in the performance share awards computation, are measured based on cumulative dividend stock prices, as such a zero percent dividend yield is utilized. |
Note 21 - Incentive Plans - Sto
Note 21 - Incentive Plans - Stock Options Activity (Details) - USD ($) $ / shares in Units, $ in Millions | 12 Months Ended | |||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Options outstanding (in shares) | 9,012,441 | 11,893,761 | 15,374,145 | |
Options outstanding, weighted average exercise price per share (in dollars per share) | $ 31.09 | $ 30.23 | $ 28.79 | |
Options outstanding, aggregate intrinsic value | $ 12.1 | $ 27.4 | $ 29.8 | $ 13.1 |
Options exercised, shares (in shares) | (1,167,819) | (1,019,240) | (1,474,432) | |
Options exercised, weighted average exercise price per share (in dollars per share) | $ 18.03 | $ 18.36 | $ 16.19 | |
Options exercised, aggregate intrinsic value | $ 12.4 | $ 7.4 | $ 9.4 | |
Options forfeited, shares (in shares) | (1,830,893) | (1,862,080) | (2,005,952) | |
Options forfeited, weighted average exercise price per share (in dollars per share) | $ 39.69 | $ 32.55 | $ 28.68 | |
Options outstanding (in shares) | 6,013,729 | 9,012,441 | 11,893,761 | |
Options outstanding, weighted average exercise price per share (in dollars per share) | $ 32.09 | $ 31.09 | $ 30.23 | |
Options Exercisable, Shares (in shares) | 5,144,416 | 7,617,882 | 10,159,570 | |
Options exercisable, weighted average exercise price per share (in dollars per share) | $ 32.56 | $ 32.90 | $ 31.96 | |
Options exercisable, aggregate intrinsic value | $ 11.3 | $ 20 | $ 19.9 |
Note 21 - Incentive Plans - Res
Note 21 - Incentive Plans - Restricted Stock Activity (Details) - Restricted Stock [Member] - shares | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Restricted stock outstanding as of January 1, (in shares) | 1,712,534 | 1,911,145 | 1,591,082 |
Granted (in shares) | 756,530 | 729,160 | 804,465 |
Vested (in shares) | (520,539) | (875,202) | (418,309) |
Forfeited (in shares) | (17,793) | (52,569) | (66,093) |
Restricted stock outstanding as of December 31, (in shares) | 1,930,732 | 1,712,534 | 1,911,145 |
Note 21 - Incentive Plans - Per
Note 21 - Incentive Plans - Performance Shares Significant Fair Value Assumptions (Details) - Performance Shares [Member] - $ / shares | 12 Months Ended | |||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | ||
Stock price (in dollars per share) | $ 26.29 | $ 26.83 | $ 21.49 | |
Dividend yield (1) | [1] | 0.00% | 0.00% | 0.00% |
Risk-free rate | 0.87% | 0.98% | 0.65% | |
Volatility | 18.80% | 16.81% | 25.93% | |
Term of the award (years) (Year) | 2 years 321 days | 2 years 321 days | 2 years 321 days | |
Performance Share Issued 2 [Member] | ||||
Term of the award (years) (Year) | 1 year 321 days | 1 year 321 days | ||
Performance Shares Issued 1 [Member] | ||||
Term of the award (years) (Year) | 321 days | |||
[1] | Total Shareholder Returns, as used in the performance share awards computation, are measured based on cumulative dividend stock prices, as such a zero percent dividend yield is utilized. |
Note 22 - Income Taxes (Details
Note 22 - Income Taxes (Details Textual) - USD ($) $ in Thousands | 1 Months Ended | 12 Months Ended | |||
Aug. 31, 2016 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | Apr. 01, 2013 | |
Required Dividend Payout | 90.00% | ||||
Effective Income Tax Rate, Reconciliation Deductions, One-time Allowable Deduction | $ 85,900 | ||||
Deferred Tax Assets, Valuation Allowance | $ 55,600 | ||||
Deferred Tax Assets, Tax Credit Carryforwards, Alternative Minimum Tax | 3,100 | ||||
Taxable Income | 236,895 | 454,021 | $ 300,667 | ||
Unrecognized Tax Benefits | 4,962 | 4,263 | $ 4,649 | ||
CANADA | |||||
Unrecognized Tax Benefits | $ 4,900 | ||||
Latest Tax Year [Member] | |||||
Open Tax Year | 2,016 | ||||
KRS [Member] | |||||
Deferred Tax Assets, Valuation Allowance | $ 63,500 | ||||
Taxable Income | $ 20,600 | 19,700 | |||
Operating Loss Carryforwards | 44,000 | 70,300 | |||
State and Local Jurisdiction [Member] | |||||
Deferred Tax Assets, Valuation Allowance | 7,900 | ||||
Canada Revenue Agency [Member] | |||||
Current Foreign Tax Expense (Benefit) | $ 24,900 | 53,500 | |||
Internal Revenue Service (IRS) [Member] | Latest Tax Year [Member] | |||||
Income Tax Examination, Year under Examination | 2,009 | ||||
Internal Revenue Service (IRS) [Member] | Earliest Tax Year [Member] | |||||
Income Tax Examination, Year under Examination | 2,004 | ||||
Internal Revenue Service (IRS) [Member] | Tax Year 2009 [Member] | |||||
Income Tax Examination, Potential Penalty, Percent | 100.00% | ||||
Income Tax Examination, Penalties Expense | $ 40,900 | ||||
Income Tax Examination, Liability (Refund) Adjustment from Settlement with Taxing Authority | (100) | ||||
Unrecognized Tax Benefits, Increase Resulting from Settlements with Taxing Authorities | $ 2,000 | ||||
Mexican Tax Authority [Member] | Tax Year 2010 [Member] | |||||
Income Tax Examination, Year under Examination | 2,010 | ||||
Tax Assessment Estimated Tax Expense | $ 33,700 | ||||
Tax Assessment Estimated Interest Expense | 16,500 | ||||
Tax Assessment Estimated Penalties Expense | 11,400 | ||||
Taxes Payable | $ 0 | ||||
REIT Eligibility [Member] | |||||
Number of Years | 4 years | ||||
Used [Member] | KRS [Member] | |||||
Operating Loss Carryforwards | $ 20,600 | $ 19,700 |
Note 22 - Income Taxes - GAAP N
Note 22 - Income Taxes - GAAP Net Income/(Loss) to Taxable Income Reconciliation (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | ||||||||||
Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Mar. 31, 2016 | Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | ||
GAAP net income | $ 78,273 | $ (43,545) | $ 203,409 | $ 140,713 | $ 379,201 | $ 77,572 | $ 127,000 | $ 310,342 | $ 378,850 | $ 894,115 | $ 424,001 | |
Net book depreciation in excess of tax depreciation | 73,409 | 21,515 | 24,890 | |||||||||
Capitalized leasing/legal commissions | (11,894) | (14,246) | (13,576) | |||||||||
Deferred/prepaid/above-market and below-market rents, net | (35,230) | (32,848) | (17,967) | |||||||||
Fair market value debt amortization | (15,953) | (19,723) | (6,236) | |||||||||
Book/tax differences from investments in real estate joint ventures | (4,205) | (294) | 8,614 | |||||||||
Book/tax difference on sale of properties | (75,445) | (64,270) | (146,173) | |||||||||
Foreign income tax from capital gains | 5,873 | |||||||||||
Cumulative foreign currency translation adjustment & deferred tax adjustment | 3,267 | 139,976 | ||||||||||
Book adjustment to property carrying values and marketable equity securities | 29,042 | 4,484 | 62,817 | |||||||||
Taxable currency exchange loss, net | (6,775) | (47,297) | (100,602) | |||||||||
Tangible property regulations deduction (b) | [1] | (58,000) | (126,957) | |||||||||
Dividends from taxable REIT subsidiaries | 647 | 67,590 | ||||||||||
GAAP change in control gain | (57,386) | (149,407) | (107,235) | |||||||||
Valuation allowance against net deferred tax assets (see discussion below) | 40,097 | |||||||||||
Other book/tax differences, net | (9,505) | (3,618) | (16,100) | |||||||||
Adjusted REIT taxable income | 236,895 | 454,021 | 300,667 | |||||||||
Restricted Stock [Member] | ||||||||||||
Sharebased Compensation | (4,490) | (3,094) | (1,078) | |||||||||
Employee Stock Option [Member] | ||||||||||||
Sharebased Compensation | (11,301) | (4,786) | (5,144) | |||||||||
GAAP Net Loss/(Income) of Taxable REIT Subsidiaries [Member] | ||||||||||||
GAAP net loss/(income) of taxable REIT Subsidiaries | 2,414 | (6,073) | (13,110) | |||||||||
GAAP Net Income From REIT Operations [Member] | ||||||||||||
GAAP net income | [2] | $ 381,264 | $ 888,042 | $ 410,891 | ||||||||
[1] | In September 2013, the Internal Revenue Service released final Regulations governing when taxpayers like the Company must capitalize and depreciate costs for acquiring, maintaining, repairing and replacing tangible property and when taxpayers can deduct such costs. These Regulations permitted the Company to deduct certain types of expenditures that were previously required to be capitalized. The Regulations also allowed the Company to make a one-time election to immediately deduct certain amounts that were capitalized in previous years that are not required to be capitalized under the new Regulations. The Company elected to take its one-time allowable deduction in 2015, which totaled approximately $85.9 million. | |||||||||||
[2] | All adjustments to "GAAP net income from REIT operations" are net of amounts attributable to noncontrolling interest and taxable REIT subsidiaries. |
Note 22 - Income Taxes - Taxabl
Note 22 - Income Taxes - Taxable Characteristics of Distributions Paid (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Dividends distributed, amount | $ 471,850 | $ 454,036 | $ 426,344 |
Dividends distributed, percent | |||
Series H Preferred Stock [Member] | |||
Ordinary income, amount | $ 6,762 | ||
Ordinary income, percent | 56.00% | ||
Capital gain, amount | $ 13,417 | $ 5,313 | |
Capital gain, percent | 100.00% | 44.00% | |
Dividends distributed, amount | $ 13,417 | $ 12,075 | |
Dividends distributed, percent | 100.00% | 100.00% | |
Series I Preferred Stock [Member] | |||
Ordinary income, amount | $ 16,320 | $ 13,440 | |
Ordinary income, percent | 68.00% | 56.00% | |
Capital gain, amount | $ 7,680 | $ 24,000 | $ 10,560 |
Capital gain, percent | 32.00% | 100.00% | 44.00% |
Dividends distributed, amount | $ 24,000 | $ 24,000 | $ 24,000 |
Dividends distributed, percent | 100.00% | 100.00% | 100.00% |
Series J Preferred Stock [Member] | |||
Ordinary income, amount | $ 8,415 | $ 6,930 | |
Ordinary income, percent | 68.00% | 56.00% | |
Capital gain, amount | $ 3,960 | $ 12,375 | $ 5,445 |
Capital gain, percent | 32.00% | 100.00% | 44.00% |
Dividends distributed, amount | $ 12,375 | $ 12,375 | $ 12,375 |
Dividends distributed, percent | 100.00% | 100.00% | 100.00% |
Series K Preferred Stock [Member] | |||
Ordinary income, amount | $ 6,694 | $ 5,513 | |
Ordinary income, percent | 68.00% | 56.00% | |
Capital gain, amount | $ 3,150 | $ 9,844 | $ 4,331 |
Capital gain, percent | 32.00% | 100.00% | 44.00% |
Dividends distributed, amount | $ 9,844 | $ 9,844 | $ 9,844 |
Dividends distributed, percent | 100.00% | 100.00% | 100.00% |
Common Stock 1 [Member] | |||
Ordinary income, amount | $ 263,892 | $ 132,498 | |
Ordinary income, percent | 62.00% | 36.00% | |
Capital gain, amount | $ 127,689 | $ 394,400 | $ 103,054 |
Capital gain, percent | 30.00% | 100.00% | 28.00% |
Dividends distributed, amount | $ 425,631 | $ 394,400 | $ 368,050 |
Dividends distributed, percent | 100.00% | 100.00% | 100.00% |
Return of capital, amount | $ 34,050 | $ 132,498 | |
Return of capital, percent | 8.00% | 36.00% |
Note 22 - Income Taxes - Tax118
Note 22 - Income Taxes - Taxable Income and Provisions for Income Taxes (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | ||
(Loss)/income before income taxes – U.S. | $ (23,810) | $ 23,729 | $ 22,176 | |
Federal tax provision | (50,653) | (12,002) | (9,066) | |
Income tax benefit | (72,545) | (60,230) | (22,438) | |
Net (loss)/income from U.S. taxable REIT subsidiaries | 386,138 | 900,143 | 435,880 | |
Taxable REIT Subsidiaries [Member] | ||||
Current | 2,199 | (638) | (522) | |
Deferred | (45,097) | (7,355) | (7,156) | |
Federal tax provision | (42,898) | (7,993) | (7,678) | |
Current | 1,057 | (2,535) | (165) | |
Deferred | (8,812) | (1,474) | (1,223) | |
State tax provision | (7,755) | (4,009) | (1,388) | |
Income tax benefit | (50,653) | (12,002) | (9,066) | |
Net (loss)/income from U.S. taxable REIT subsidiaries | (74,463) | 11,727 | 13,110 | |
Income before taxes – Non-U.S. | 138,253 | 381,999 | 116,184 | |
Current (1) | [1] | (24,393) | (58,365) | (18,131) |
Deferred | (3,537) | 4,331 | (6,749) | |
Non-U.S. tax provision | $ (27,930) | $ (54,034) | $ (24,880) | |
[1] | For the years ended December 31, 2016 and 2015 includes $24.9 million and $53.5 million, respectively, in expense related to the sale of interests in properties located in Canada. |
Note 22 - Income Taxes - Statut
Note 22 - Income Taxes - Statutory Income Tax to Effective Income Tax Reconciliation (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | ||
Federal provision at statutory tax rate (35%) (1) | $ (47,155) | [1] | $ (8,304) | $ (7,762) |
State and local provision, net of federal benefit (2) | (3,498) | [2] | (3,698) | (1,304) |
Total tax provision – U.S. | $ (50,653) | $ (12,002) | $ (9,066) | |
[1] | For the year ended December 31, 2016, includes a $55.6 million charge related to the recording of a deferred tax valuation allowance. | |||
[2] | For the year ended December 31, 2016, includes a $7.9 million charge related to the recording of a deferred tax valuation allowance. |
Note 22 - Income Taxes - Deferr
Note 22 - Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 | |
Net operating losses (1) | [1] | $ 44,833 | $ 40,100 |
Related party deferred losses | 952 | 1,549 | |
Tax credit carryforwards (2) | [2] | 5,368 | 5,304 |
Capital loss carryforwards | 3,659 | 4,593 | |
Charitable contribution carryforwards | 35 | 22 | |
Valuation allowance | (55,600) | ||
Total deferred tax assets | 23,401 | 77,819 | |
Net deferred tax assets | 3,243 | 55,000 | |
Domestic Tax Authority [Member] | |||
Tax/GAAP basis differences | 63,167 | 49,601 | |
Valuation allowance | (95,126) | (25,045) | |
Deferred tax liabilities | (19,599) | (19,326) | |
Foreign Tax Authority [Member] | |||
Tax/GAAP basis differences | 513 | 4,555 | |
Valuation allowance | (2,860) | ||
Deferred tax liabilities | $ (559) | $ (3,493) | |
[1] | Expiration dates ranging from 2021 to 2033. | ||
[2] | Expiration dates ranging from 2027 to 2034 and includes alternative minimum tax credit carryovers of $3.1 million that do not expire. |
Note 22 - Income Taxes - Uncert
Note 22 - Income Taxes - Uncertain Tax Benefits Liability (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Balance at January 1, | $ 4,263 | $ 4,649 |
Increases for tax positions related to current year | 41 | 1,084 |
Increase for tax position due to ASU 2013-11 | 4,930 | |
Decreases relating to settlements with taxing authorities | (2,000) | |
Reductions due to lapsed statute of limitations | (2,272) | (1,470) |
Balance at December 31, | $ 4,962 | $ 4,263 |
Note 23 - Accumulated Other 122
Note 23 - Accumulated Other Comprehensive Income (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | ||
CANADA | |||
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax | $ 6,300 | ||
Accumulated Foreign Currency Adjustment Attributable to Parent [Member] | |||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | $ (18,780) | [1] | |
Gain on Disposition of Operating Properties Net of Tax [Member] | Accumulated Foreign Currency Adjustment Attributable to Parent [Member] | CHILE | |||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 19,600 | ||
Equity in Income of Joint Ventures, Net [Member] | Accumulated Foreign Currency Adjustment Attributable to Parent [Member] | CHILE | |||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | $ 800 | ||
[1] | During 2015, the Company recognized a cumulative foreign currency translation loss as a result of the liquidation of the Company's investment in Chile. Amounts were reclassified on the Company's Consolidated Statements of Income as follows (i) $19.6 million of loss was reclassified to Gain on sale of operating properties, net of tax, offset by (ii) $0.8 million of gain was reclassified to Equity in income of joint ventures, net. |
Note 23 - Accumulated Other 123
Note 23 - Accumulated Other Comprehensive Income - Components of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | ||
Balance at the beginning of the year | $ 5,181,951 | $ 4,901,765 | $ 4,769,526 | |
Balance at the end of the year | 5,402,874 | 5,181,951 | 4,901,765 | |
Accumulated Foreign Currency Adjustment Attributable to Parent [Member] | ||||
Balance at the beginning of the year | 6,616 | 329 | ||
Other comprehensive income before reclassifications | (281) | (12,493) | ||
Amounts reclassified from AOCI | 18,780 | [1] | ||
Net current-period other comprehensive income | (281) | 6,287 | ||
Balance at the end of the year | 6,335 | 6,616 | 329 | |
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member] | ||||
Balance at the beginning of the year | 398 | 46,197 | ||
Other comprehensive income before reclassifications | 8 | (5,946) | ||
Amounts reclassified from AOCI | (39,853) | [2] | ||
Net current-period other comprehensive income | 8 | (45,799) | ||
Balance at the end of the year | 406 | 398 | 46,197 | |
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member] | ||||
Balance at the beginning of the year | (1,426) | (1,404) | ||
Other comprehensive income before reclassifications | 451 | (22) | ||
Amounts reclassified from AOCI | ||||
Net current-period other comprehensive income | 451 | (22) | ||
Balance at the end of the year | (975) | (1,426) | (1,404) | |
AOCI Attributable to Parent [Member] | ||||
Balance at the beginning of the year | 5,588 | 45,122 | (64,982) | |
Other comprehensive income before reclassifications | 178 | (18,461) | ||
Amounts reclassified from AOCI | (21,073) | |||
Net current-period other comprehensive income | 178 | (39,534) | ||
Balance at the end of the year | $ 5,766 | $ 5,588 | $ 45,122 | |
[1] | During 2015, the Company recognized a cumulative foreign currency translation loss as a result of the liquidation of the Company's investment in Chile. Amounts were reclassified on the Company's Consolidated Statements of Income as follows (i) $19.6 million of loss was reclassified to Gain on sale of operating properties, net of tax, offset by (ii) $0.8 million of gain was reclassified to Equity in income of joint ventures, net. | |||
[2] | Amounts reclassified to Interest, dividends and other investment income on the Company's Consolidated Statements of Income. |
Note 24 - Supplemental Finan124
Note 24 - Supplemental Financial Information - Quarterly Results of Operations (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Mar. 31, 2016 | Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Revenues from rental properties | $ 292,909 | $ 279,286 | $ 287,115 | $ 293,091 | $ 296,501 | $ 283,387 | $ 289,080 | $ 275,506 | $ 1,152,401 | $ 1,144,474 | $ 958,888 |
Net income/(loss) attributable to the Company | $ 78,273 | $ (43,545) | $ 203,409 | $ 140,713 | $ 379,201 | $ 77,572 | $ 127,000 | $ 310,342 | $ 378,850 | $ 894,115 | $ 424,001 |
Basic (in dollars per share) | $ 0.16 | $ (0.13) | $ 0.46 | $ 0.31 | $ 0.87 | $ 0.15 | $ 0.27 | $ 0.72 | $ 0.79 | $ 2.01 | $ 0.89 |
Diluted (in dollars per share) | $ 0.16 | $ (0.13) | $ 0.46 | $ 0.31 | $ 0.87 | $ 0.15 | $ 0.27 | $ 0.71 | $ 0.79 | $ 2 | $ 0.89 |
Note 25 - Captive Insurance 125
Note 25 - Captive Insurance Company (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Letters of Credit Outstanding, Amount | $ 40,800,000 | |
Kimco Insurance Company [Member] | ||
Captive Insurance, Percentage of Occurance Risk Layer | 100.00% | |
Captive Insurance, Obligation Per Occurrence | $ 250,000 | |
Letters of Credit Outstanding, Amount | 23,000,000 | $ 23,000,000 |
Increase (Decrease) in Incurred Insurance Losses and Loss Adjustment Expenses | (100,000) | $ 700,000 |
Kimco Insurance Company [Member] | Minimum [Member] | ||
Captive Insurance, Annual Aggregates Per Policy | $ 7,800,000 | |
Captive Insurance, Obligations to Reinsurance Provider, Percent of Incurred Losses | 9.50% | |
Kimco Insurance Company [Member] | Maximum [Member] | ||
Captive Insurance, Annual Aggregates Per Policy | $ 11,500,000 | |
Captive Insurance, Obligations to Reinsurance Provider, Percent of Incurred Losses | 12.20% |
Note 25 - Captive Insurance 126
Note 25 - Captive Insurance Company - Activity in the Liability for Unpaid Losses and Loss Adjustment Expenses (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Balance at the beginning of the year | $ 20,046 | $ 18,078 |
Incurred related to current year | 6,247 | 7,469 |
Incurred related to prior years | (67) | 652 |
Total incurred | 6,180 | 8,121 |
Paid related to current year | (962) | (1,214) |
Paid related to prior years | (5,749) | (4,939) |
Total paid | (6,711) | (6,153) |
Balance at the end of the year | $ 19,515 | $ 20,046 |
Schedule II - Valuation and 127
Schedule II - Valuation and Qualifying Accounts - Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Allowance for Doubtful Accounts [Member] | |||
Balance at beginning of period | $ 13,918 | $ 10,368 | $ 10,771 |
Charged to expenses | 5,249 | 7,333 | 3,886 |
Deductions | (6,894) | (3,783) | (4,289) |
Balance at end of period | 12,273 | 13,918 | 10,368 |
Valuation Allowance of Deferred Tax Assets [Member] | |||
Balance at beginning of period | 27,905 | 34,302 | 63,712 |
Balance at end of period | 95,126 | 27,905 | 34,302 |
Adjustments to valuation accounts | $ 67,221 | $ (6,397) | $ (29,410) |
Schedule III - Real Estate a128
Schedule III - Real Estate and Accumulated Depreciation (Details Textual) $ in Billions | Dec. 31, 2016USD ($) |
SEC Schedule III, Real Estate, Federal Income Tax Basis | $ 9.6 |
Schedule III - Real Estate a129
Schedule III - Real Estate and Accumulated Depreciation - Real Estate and Accumulated Depreciation (Details) - USD ($) | 12 Months Ended | |||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Initial Cost - Land | $ 2,988,153,342 | |||
Initial Cost - Building & Improvement | 7,590,553,397 | |||
Subsequent to Acquisition | 1,429,368,409 | |||
Land | 3,130,217,410 | |||
Building & Improvement | 8,877,857,738 | |||
The company's investment | 12,008,075,148 | $ 11,568,809,126 | $ 10,018,225,775 | $ 9,123,343,869 |
Accumulated Depreciation | 2,278,291,645 | 2,115,319,888 | $ 1,955,405,720 | $ 1,878,680,836 |
Total Cost, Net of Accumulated Depreciation | 9,729,783,503 | $ 9,453,489,000 | ||
Encumbrances | 1,139,117,399 | |||
Key Bank Building [Member] | ||||
Initial Cost - Land | 1,500,000 | |||
Initial Cost - Building & Improvement | 40,486,755 | |||
Subsequent to Acquisition | (12,256,024) | |||
Land | 672,719 | |||
Building & Improvement | 29,058,012 | |||
The company's investment | 29,730,731 | |||
Accumulated Depreciation | 18,250,563 | |||
Total Cost, Net of Accumulated Depreciation | 11,480,168 | |||
Encumbrances | ||||
The Grove [Member] | ||||
Initial Cost - Land | 18,951,763 | |||
Initial Cost - Building & Improvement | 6,403,809 | |||
Subsequent to Acquisition | 2,321,874 | |||
Land | 6,793,454 | |||
Building & Improvement | 20,883,992 | |||
The company's investment | 27,677,446 | |||
Accumulated Depreciation | 6,572,921 | |||
Total Cost, Net of Accumulated Depreciation | 21,104,525 | |||
Encumbrances | ||||
El Mirage [Member] | ||||
Initial Cost - Land | 6,786,441 | |||
Initial Cost - Building & Improvement | 503,987 | |||
Subsequent to Acquisition | 130,064 | |||
Land | 6,786,441 | |||
Building & Improvement | 634,051 | |||
The company's investment | 7,420,492 | |||
Accumulated Depreciation | 73,155 | |||
Total Cost, Net of Accumulated Depreciation | 7,347,337 | |||
Encumbrances | ||||
Talavi Town Center [Member] | ||||
Initial Cost - Land | 8,046,677 | |||
Initial Cost - Building & Improvement | 17,291,542 | |||
Subsequent to Acquisition | 394,536 | |||
Land | 8,046,677 | |||
Building & Improvement | 17,686,078 | |||
The company's investment | 25,732,755 | |||
Accumulated Depreciation | 10,390,068 | |||
Total Cost, Net of Accumulated Depreciation | 15,342,687 | |||
Encumbrances | ||||
Mesa Pavilions North [Member] | ||||
Initial Cost - Land | 6,060,018 | |||
Initial Cost - Building & Improvement | 35,955,005 | |||
Subsequent to Acquisition | 24,517 | |||
Land | 6,060,018 | |||
Building & Improvement | 35,979,522 | |||
The company's investment | 42,039,540 | |||
Accumulated Depreciation | 7,909,208 | |||
Total Cost, Net of Accumulated Depreciation | 34,130,332 | |||
Encumbrances | ||||
Mesa Riverview [Member] | ||||
Initial Cost - Land | 15,000,000 | |||
Initial Cost - Building & Improvement | ||||
Subsequent to Acquisition | 139,963,982 | |||
Land | 307,992 | |||
Building & Improvement | 154,655,990 | |||
The company's investment | 154,963,982 | |||
Accumulated Depreciation | 48,059,971 | |||
Total Cost, Net of Accumulated Depreciation | 106,904,011 | |||
Encumbrances | ||||
Mesa Pavilions South [Member] | ||||
Initial Cost - Land | ||||
Initial Cost - Building & Improvement | 148,508 | |||
Subsequent to Acquisition | 99,649 | |||
Land | ||||
Building & Improvement | 248,157 | |||
The company's investment | 248,157 | |||
Accumulated Depreciation | 96,454 | |||
Total Cost, Net of Accumulated Depreciation | 151,703 | |||
Encumbrances | ||||
Metro Square [Member] | ||||
Initial Cost - Land | 4,101,017 | |||
Initial Cost - Building & Improvement | 16,410,632 | |||
Subsequent to Acquisition | 1,249,341 | |||
Land | 4,101,017 | |||
Building & Improvement | 17,659,973 | |||
The company's investment | 21,760,990 | |||
Accumulated Depreciation | 8,377,898 | |||
Total Cost, Net of Accumulated Depreciation | 13,383,092 | |||
Encumbrances | ||||
Hayden Plaza North [Member] | ||||
Initial Cost - Land | 2,015,726 | |||
Initial Cost - Building & Improvement | 4,126,509 | |||
Subsequent to Acquisition | 5,114,019 | |||
Land | 2,015,726 | |||
Building & Improvement | 9,240,528 | |||
The company's investment | 11,256,254 | |||
Accumulated Depreciation | 4,030,084 | |||
Total Cost, Net of Accumulated Depreciation | 7,226,170 | |||
Encumbrances | ||||
Plaza Del Sol [Member] | ||||
Initial Cost - Land | 5,324,502 | |||
Initial Cost - Building & Improvement | 21,269,943 | |||
Subsequent to Acquisition | 2,164,169 | |||
Land | 4,577,870 | |||
Building & Improvement | 24,180,744 | |||
The company's investment | 28,758,614 | |||
Accumulated Depreciation | 8,268,728 | |||
Total Cost, Net of Accumulated Depreciation | 20,489,886 | |||
Encumbrances | ||||
Plaza at Mountainside [Member] | ||||
Initial Cost - Land | 2,450,341 | |||
Initial Cost - Building & Improvement | 9,802,046 | |||
Subsequent to Acquisition | 1,809,711 | |||
Land | 2,450,341 | |||
Building & Improvement | 11,611,757 | |||
The company's investment | 14,062,098 | |||
Accumulated Depreciation | 5,707,659 | |||
Total Cost, Net of Accumulated Depreciation | 8,354,439 | |||
Encumbrances | ||||
Village Crossroads [Member] | ||||
Initial Cost - Land | 5,662,554 | |||
Initial Cost - Building & Improvement | 24,981,223 | |||
Subsequent to Acquisition | 607,424 | |||
Land | 5,662,554 | |||
Building & Improvement | 25,588,647 | |||
The company's investment | 31,251,201 | |||
Accumulated Depreciation | 4,248,058 | |||
Total Cost, Net of Accumulated Depreciation | 27,003,143 | |||
Encumbrances | ||||
North Valley [Member] | ||||
Initial Cost - Land | 6,861,564 | |||
Initial Cost - Building & Improvement | 18,200,901 | |||
Subsequent to Acquisition | 6,140,408 | |||
Land | 3,861,272 | |||
Building & Improvement | 27,341,601 | |||
The company's investment | 31,202,873 | |||
Accumulated Depreciation | 4,277,047 | |||
Total Cost, Net of Accumulated Depreciation | 26,925,826 | |||
Encumbrances | ||||
Christown Spectrum Mall [Member] | ||||
Initial Cost - Land | 33,831,349 | |||
Initial Cost - Building & Improvement | 91,004,070 | |||
Subsequent to Acquisition | 12,655,279 | |||
Land | 76,638,512 | |||
Building & Improvement | 60,852,186 | |||
The company's investment | 137,490,698 | |||
Accumulated Depreciation | 5,027,963 | |||
Total Cost, Net of Accumulated Depreciation | 132,462,735 | |||
Encumbrances | 63,919,515 | |||
Asante Retail Center [Member] | ||||
Initial Cost - Land | 8,702,635 | |||
Initial Cost - Building & Improvement | 3,405,683 | |||
Subsequent to Acquisition | 2,866,807 | |||
Land | 11,039,471 | |||
Building & Improvement | 3,935,654 | |||
The company's investment | 14,975,125 | |||
Accumulated Depreciation | 422,495 | |||
Total Cost, Net of Accumulated Depreciation | 14,552,630 | |||
Encumbrances | ||||
Surprise Spectrum [Member] | ||||
Initial Cost - Land | 4,138,760 | |||
Initial Cost - Building & Improvement | 94,572 | |||
Subsequent to Acquisition | 1,035 | |||
Land | 4,138,760 | |||
Building & Improvement | 95,607 | |||
The company's investment | 4,234,367 | |||
Accumulated Depreciation | 11,331 | |||
Total Cost, Net of Accumulated Depreciation | 4,223,036 | |||
Encumbrances | ||||
Bell Camino Center [Member] | ||||
Initial Cost - Land | 2,427,465 | |||
Initial Cost - Building & Improvement | 6,439,065 | |||
Subsequent to Acquisition | 209,620 | |||
Land | 2,427,465 | |||
Building & Improvement | 6,648,685 | |||
The company's investment | 9,076,150 | |||
Accumulated Depreciation | 1,662,105 | |||
Total Cost, Net of Accumulated Depreciation | 7,414,045 | |||
Encumbrances | ||||
College Park Shopping Center [Member] | ||||
Initial Cost - Land | 3,276,952 | |||
Initial Cost - Building & Improvement | 7,741,323 | |||
Subsequent to Acquisition | 937,255 | |||
Land | 3,276,952 | |||
Building & Improvement | 8,678,578 | |||
The company's investment | 11,955,530 | |||
Accumulated Depreciation | 2,032,716 | |||
Total Cost, Net of Accumulated Depreciation | 9,922,814 | |||
Encumbrances | ||||
Costco Plaza - 541 [Member] | ||||
Initial Cost - Land | 4,995,639 | |||
Initial Cost - Building & Improvement | 19,982,557 | |||
Subsequent to Acquisition | 454,041 | |||
Land | 4,995,639 | |||
Building & Improvement | 20,436,598 | |||
The company's investment | 25,432,237 | |||
Accumulated Depreciation | 9,919,333 | |||
Total Cost, Net of Accumulated Depreciation | 15,512,904 | |||
Encumbrances | ||||
Brookhurst Center [Member] | ||||
Initial Cost - Land | 10,492,714 | |||
Initial Cost - Building & Improvement | 31,357,513 | |||
Subsequent to Acquisition | ||||
Land | 10,492,715 | |||
Building & Improvement | 31,357,512 | |||
The company's investment | 41,850,227 | |||
Accumulated Depreciation | 170,330 | |||
Total Cost, Net of Accumulated Depreciation | 41,679,897 | |||
Encumbrances | ||||
Lakewood Plaza [Member] | ||||
Initial Cost - Land | 1,294,176 | |||
Initial Cost - Building & Improvement | 3,669,266 | |||
Subsequent to Acquisition | (90,654) | |||
Land | ||||
Building & Improvement | 4,872,788 | |||
The company's investment | 4,872,788 | |||
Accumulated Depreciation | 1,253,991 | |||
Total Cost, Net of Accumulated Depreciation | 3,618,797 | |||
Encumbrances | ||||
Madison Plaza [Member] | ||||
Initial Cost - Land | 5,874,396 | |||
Initial Cost - Building & Improvement | 23,476,190 | |||
Subsequent to Acquisition | 2,639,269 | |||
Land | 5,874,395 | |||
Building & Improvement | 26,115,460 | |||
The company's investment | 31,989,855 | |||
Accumulated Depreciation | 11,883,068 | |||
Total Cost, Net of Accumulated Depreciation | 20,106,787 | |||
Encumbrances | ||||
Broadway Plaza - 544 [Member] | ||||
Initial Cost - Land | 6,460,743 | |||
Initial Cost - Building & Improvement | 25,863,153 | |||
Subsequent to Acquisition | 12,015,147 | |||
Land | 6,460,743 | |||
Building & Improvement | 37,878,300 | |||
The company's investment | 44,339,043 | |||
Accumulated Depreciation | 15,834,816 | |||
Total Cost, Net of Accumulated Depreciation | 28,504,227 | |||
Encumbrances | ||||
Corona Hills Plaza [Member] | ||||
Initial Cost - Land | 13,360,965 | |||
Initial Cost - Building & Improvement | 53,373,453 | |||
Subsequent to Acquisition | 7,747,951 | |||
Land | 13,360,965 | |||
Building & Improvement | 61,121,404 | |||
The company's investment | 74,482,369 | |||
Accumulated Depreciation | 30,140,783 | |||
Total Cost, Net of Accumulated Depreciation | 44,341,586 | |||
Encumbrances | ||||
The 280 Metro Center [Member] | ||||
Initial Cost - Land | 38,734,566 | |||
Initial Cost - Building & Improvement | 94,903,404 | |||
Subsequent to Acquisition | 978,329 | |||
Land | 38,734,567 | |||
Building & Improvement | 95,881,732 | |||
The company's investment | 134,616,299 | |||
Accumulated Depreciation | 8,594,553 | |||
Total Cost, Net of Accumulated Depreciation | 126,021,746 | |||
Encumbrances | ||||
Laband Village Shopping Center [Member] | ||||
Initial Cost - Land | 5,600,000 | |||
Initial Cost - Building & Improvement | 13,289,347 | |||
Subsequent to Acquisition | 161,263 | |||
Land | 5,607,237 | |||
Building & Improvement | 13,443,373 | |||
The company's investment | 19,050,610 | |||
Accumulated Depreciation | 7,224,966 | |||
Total Cost, Net of Accumulated Depreciation | 11,825,644 | |||
Encumbrances | 8,089,040 | |||
Cupertino Village [Member] | ||||
Initial Cost - Land | 19,886,099 | |||
Initial Cost - Building & Improvement | 46,534,919 | |||
Subsequent to Acquisition | 21,651,908 | |||
Land | 19,886,099 | |||
Building & Improvement | 68,186,827 | |||
The company's investment | 88,072,926 | |||
Accumulated Depreciation | 18,539,471 | |||
Total Cost, Net of Accumulated Depreciation | 69,533,455 | |||
Encumbrances | ||||
North County Plaza [Member] | ||||
Initial Cost - Land | 10,205,305 | |||
Initial Cost - Building & Improvement | 28,934,219 | |||
Subsequent to Acquisition | (1,428,787) | |||
Land | 20,894,811 | |||
Building & Improvement | 16,815,926 | |||
The company's investment | 37,710,737 | |||
Accumulated Depreciation | 2,511,204 | |||
Total Cost, Net of Accumulated Depreciation | 35,199,533 | |||
Encumbrances | ||||
Chico Crossroads [Member] | ||||
Initial Cost - Land | 9,975,810 | |||
Initial Cost - Building & Improvement | 30,534,524 | |||
Subsequent to Acquisition | 1,278,945 | |||
Land | 9,985,651 | |||
Building & Improvement | 31,803,628 | |||
The company's investment | 41,789,279 | |||
Accumulated Depreciation | 8,872,060 | |||
Total Cost, Net of Accumulated Depreciation | 32,917,219 | |||
Encumbrances | ||||
Chico East & Esplanade (Raley's) [Member] | ||||
Initial Cost - Land | 2,508,716 | |||
Initial Cost - Building & Improvement | 12,886,184 | |||
Subsequent to Acquisition | (1,312,384) | |||
Land | 2,284,856 | |||
Building & Improvement | 11,797,660 | |||
The company's investment | 14,082,516 | |||
Accumulated Depreciation | 687,471 | |||
Total Cost, Net of Accumulated Depreciation | 13,395,045 | |||
Encumbrances | 3,994,238 | |||
Corona Hills Marketplace [Member] | ||||
Initial Cost - Land | 9,727,446 | |||
Initial Cost - Building & Improvement | 24,778,390 | |||
Subsequent to Acquisition | 667,593 | |||
Land | 9,727,446 | |||
Building & Improvement | 25,445,983 | |||
The company's investment | 35,173,429 | |||
Accumulated Depreciation | 8,199,536 | |||
Total Cost, Net of Accumulated Depreciation | 26,973,893 | |||
Encumbrances | ||||
River Park Crossing [Member] | ||||
Initial Cost - Land | 4,324,000 | |||
Initial Cost - Building & Improvement | 18,018,653 | |||
Subsequent to Acquisition | 1,136,480 | |||
Land | 4,324,000 | |||
Building & Improvement | 19,155,133 | |||
The company's investment | 23,479,133 | |||
Accumulated Depreciation | 3,859,696 | |||
Total Cost, Net of Accumulated Depreciation | 19,619,437 | |||
Encumbrances | ||||
Creekside Center [Member] | ||||
Initial Cost - Land | 3,870,823 | |||
Initial Cost - Building & Improvement | 11,562,580 | |||
Subsequent to Acquisition | ||||
Land | 3,870,823 | |||
Building & Improvement | 11,562,580 | |||
The company's investment | 15,433,403 | |||
Accumulated Depreciation | 62,601 | |||
Total Cost, Net of Accumulated Depreciation | 15,370,802 | |||
Encumbrances | ||||
Gold Country Center [Member] | ||||
Initial Cost - Land | 3,272,212 | |||
Initial Cost - Building & Improvement | 7,864,878 | |||
Subsequent to Acquisition | 29,687 | |||
Land | 3,278,290 | |||
Building & Improvement | 7,888,487 | |||
The company's investment | 11,166,777 | |||
Accumulated Depreciation | 3,425,408 | |||
Total Cost, Net of Accumulated Depreciation | 7,741,369 | |||
Encumbrances | ||||
La Mirada Theatre Center [Member] | ||||
Initial Cost - Land | 8,816,741 | |||
Initial Cost - Building & Improvement | 35,259,965 | |||
Subsequent to Acquisition | (3,469,732) | |||
Land | 6,888,680 | |||
Building & Improvement | 33,718,294 | |||
The company's investment | 40,606,974 | |||
Accumulated Depreciation | 14,838,975 | |||
Total Cost, Net of Accumulated Depreciation | 25,767,999 | |||
Encumbrances | ||||
Kenneth Kahn Plaza [Member] | ||||
Initial Cost - Land | 4,114,863 | |||
Initial Cost - Building & Improvement | 7,660,855 | |||
Subsequent to Acquisition | 880,557 | |||
Land | 4,114,863 | |||
Building & Improvement | 8,541,412 | |||
The company's investment | 12,656,275 | |||
Accumulated Depreciation | 3,046,335 | |||
Total Cost, Net of Accumulated Depreciation | 9,609,940 | |||
Encumbrances | ||||
La Verne Town Center [Member] | ||||
Initial Cost - Land | 8,414,328 | |||
Initial Cost - Building & Improvement | 23,856,418 | |||
Subsequent to Acquisition | 10,840,420 | |||
Land | 16,362,169 | |||
Building & Improvement | 26,748,997 | |||
The company's investment | 43,111,166 | |||
Accumulated Depreciation | 2,401,901 | |||
Total Cost, Net of Accumulated Depreciation | 40,709,265 | |||
Encumbrances | ||||
Lincoln Hills Town Center [Member] | ||||
Initial Cost - Land | 8,228,587 | |||
Initial Cost - Building & Improvement | 26,127,322 | |||
Subsequent to Acquisition | 28,378 | |||
Land | 8,228,586 | |||
Building & Improvement | 26,155,701 | |||
The company's investment | 34,384,287 | |||
Accumulated Depreciation | 2,281,415 | |||
Total Cost, Net of Accumulated Depreciation | 32,102,872 | |||
Encumbrances | 24,416,451 | |||
Novato Fair S.C. [Member] | ||||
Initial Cost - Land | 9,259,778 | |||
Initial Cost - Building & Improvement | 15,599,790 | |||
Subsequent to Acquisition | 723,259 | |||
Land | 9,259,778 | |||
Building & Improvement | 16,323,049 | |||
The company's investment | 25,582,827 | |||
Accumulated Depreciation | 5,779,281 | |||
Total Cost, Net of Accumulated Depreciation | 19,803,546 | |||
Encumbrances | ||||
South Napa Market Place [Member] | ||||
Initial Cost - Land | 1,100,000 | |||
Initial Cost - Building & Improvement | 22,159,086 | |||
Subsequent to Acquisition | 20,615,121 | |||
Land | 23,119,071 | |||
Building & Improvement | 20,755,136 | |||
The company's investment | 43,874,207 | |||
Accumulated Depreciation | 9,867,595 | |||
Total Cost, Net of Accumulated Depreciation | 34,006,612 | |||
Encumbrances | ||||
Plaza Di Northridge [Member] | ||||
Initial Cost - Land | 12,900,000 | |||
Initial Cost - Building & Improvement | 40,574,842 | |||
Subsequent to Acquisition | 892,428 | |||
Land | 12,900,000 | |||
Building & Improvement | 41,467,270 | |||
The company's investment | 54,367,270 | |||
Accumulated Depreciation | 14,601,761 | |||
Total Cost, Net of Accumulated Depreciation | 39,765,509 | |||
Encumbrances | ||||
Linda Mar Shipping Center [Member] | ||||
Initial Cost - Land | 16,548,592 | |||
Initial Cost - Building & Improvement | 37,521,194 | |||
Subsequent to Acquisition | 1,418,767 | |||
Land | 16,548,592 | |||
Building & Improvement | 38,939,961 | |||
The company's investment | 55,488,553 | |||
Accumulated Depreciation | 5,972,288 | |||
Total Cost, Net of Accumulated Depreciation | 49,516,265 | |||
Encumbrances | ||||
Poway City Centre [Member] | ||||
Initial Cost - Land | 5,854,585 | |||
Initial Cost - Building & Improvement | 13,792,470 | |||
Subsequent to Acquisition | 8,378,985 | |||
Land | 7,247,813 | |||
Building & Improvement | 20,778,227 | |||
The company's investment | 28,026,040 | |||
Accumulated Depreciation | 8,030,783 | |||
Total Cost, Net of Accumulated Depreciation | 19,995,257 | |||
Encumbrances | ||||
Redwood City Plaza [Member] | ||||
Initial Cost - Land | 2,552,000 | |||
Initial Cost - Building & Improvement | 6,215,168 | |||
Subsequent to Acquisition | 5,900,877 | |||
Land | 2,552,000 | |||
Building & Improvement | 12,116,045 | |||
The company's investment | 14,668,045 | |||
Accumulated Depreciation | 1,083,976 | |||
Total Cost, Net of Accumulated Depreciation | 13,584,069 | |||
Encumbrances | ||||
Stanford Ranch [Member] | ||||
Initial Cost - Land | 10,583,764 | |||
Initial Cost - Building & Improvement | 30,007,231 | |||
Subsequent to Acquisition | (1,670,000) | |||
Land | 9,982,626 | |||
Building & Improvement | 28,938,369 | |||
The company's investment | 38,920,995 | |||
Accumulated Depreciation | 2,938,618 | |||
Total Cost, Net of Accumulated Depreciation | 35,982,377 | |||
Encumbrances | 14,751,853 | |||
Tyler Street Plaza [Member] | ||||
Initial Cost - Land | 3,020,883 | |||
Initial Cost - Building & Improvement | 7,811,339 | |||
Subsequent to Acquisition | (12,456) | |||
Land | 3,200,516 | |||
Building & Improvement | 7,619,250 | |||
The company's investment | 10,819,766 | |||
Accumulated Depreciation | 2,612,860 | |||
Total Cost, Net of Accumulated Depreciation | 8,206,906 | |||
Encumbrances | ||||
Crocker Ranch [Member] | ||||
Initial Cost - Land | 7,526,146 | |||
Initial Cost - Building & Improvement | 24,877,611 | |||
Subsequent to Acquisition | 16,984 | |||
Land | 7,526,146 | |||
Building & Improvement | 24,894,595 | |||
The company's investment | 32,420,741 | |||
Accumulated Depreciation | 1,545,850 | |||
Total Cost, Net of Accumulated Depreciation | 30,874,891 | |||
Encumbrances | 11,237,112 | |||
Home Depot Plaza [Member] | ||||
Initial Cost - Land | 4,592,364 | |||
Initial Cost - Building & Improvement | 18,345,258 | |||
Subsequent to Acquisition | ||||
Land | 4,592,365 | |||
Building & Improvement | 18,345,257 | |||
The company's investment | 22,937,622 | |||
Accumulated Depreciation | 8,870,544 | |||
Total Cost, Net of Accumulated Depreciation | 14,067,078 | |||
Encumbrances | ||||
Santee Trolley Square [Member] | ||||
Initial Cost - Land | 40,208,683 | |||
Initial Cost - Building & Improvement | 62,963,757 | |||
Subsequent to Acquisition | 535,614 | |||
Land | 40,208,683 | |||
Building & Improvement | 63,499,371 | |||
The company's investment | 103,708,054 | |||
Accumulated Depreciation | 13,018,268 | |||
Total Cost, Net of Accumulated Depreciation | 90,689,786 | |||
Encumbrances | ||||
San Diego Carmel Mountain [Member] | ||||
Initial Cost - Land | 5,322,600 | |||
Initial Cost - Building & Improvement | 8,873,991 | |||
Subsequent to Acquisition | 88,334 | |||
Land | 5,322,600 | |||
Building & Improvement | 8,962,325 | |||
The company's investment | 14,284,925 | |||
Accumulated Depreciation | 2,125,865 | |||
Total Cost, Net of Accumulated Depreciation | 12,159,060 | |||
Encumbrances | ||||
Fulton Market Place [Member] | ||||
Initial Cost - Land | 2,966,018 | |||
Initial Cost - Building & Improvement | 6,920,710 | |||
Subsequent to Acquisition | 1,237,558 | |||
Land | 2,966,018 | |||
Building & Improvement | 8,158,268 | |||
The company's investment | 11,124,286 | |||
Accumulated Depreciation | 2,988,086 | |||
Total Cost, Net of Accumulated Depreciation | 8,136,200 | |||
Encumbrances | ||||
Marigold Shopping Center [Member] | ||||
Initial Cost - Land | 15,300,000 | |||
Initial Cost - Building & Improvement | 25,563,978 | |||
Subsequent to Acquisition | 4,183,111 | |||
Land | 15,300,000 | |||
Building & Improvement | 29,747,089 | |||
The company's investment | 45,047,089 | |||
Accumulated Depreciation | 14,620,807 | |||
Total Cost, Net of Accumulated Depreciation | 30,426,282 | |||
Encumbrances | ||||
Canyon Square Plaza [Member] | ||||
Initial Cost - Land | 2,648,112 | |||
Initial Cost - Building & Improvement | 13,876,095 | |||
Subsequent to Acquisition | 978,581 | |||
Land | 2,648,112 | |||
Building & Improvement | 14,854,676 | |||
The company's investment | 17,502,788 | |||
Accumulated Depreciation | 2,484,006 | |||
Total Cost, Net of Accumulated Depreciation | 15,018,782 | |||
Encumbrances | ||||
Black Mountain Village [Member] | ||||
Initial Cost - Land | 4,678,015 | |||
Initial Cost - Building & Improvement | 11,913,344 | |||
Subsequent to Acquisition | 684,763 | |||
Land | 4,678,014 | |||
Building & Improvement | 12,598,108 | |||
The company's investment | 17,276,122 | |||
Accumulated Depreciation | 4,228,513 | |||
Total Cost, Net of Accumulated Depreciation | 13,047,609 | |||
Encumbrances | ||||
Rancho Penasquitos Towne Ctr I [Member] | ||||
Initial Cost - Land | 14,851,595 | |||
Initial Cost - Building & Improvement | 20,342,165 | |||
Subsequent to Acquisition | 304,024 | |||
Land | 14,851,595 | |||
Building & Improvement | 20,646,189 | |||
The company's investment | 35,497,784 | |||
Accumulated Depreciation | 1,745,657 | |||
Total Cost, Net of Accumulated Depreciation | 33,752,127 | |||
Encumbrances | 14,384,811 | |||
Rancho Penasquitos Towne Ctr II [Member] | ||||
Initial Cost - Land | 12,944,972 | |||
Initial Cost - Building & Improvement | 20,323,961 | |||
Subsequent to Acquisition | 177,977 | |||
Land | 12,944,972 | |||
Building & Improvement | 20,501,938 | |||
The company's investment | 33,446,910 | |||
Accumulated Depreciation | 1,794,662 | |||
Total Cost, Net of Accumulated Depreciation | 31,652,248 | |||
Encumbrances | 11,038,466 | |||
City Heights [Member] | ||||
Initial Cost - Land | 10,687,472 | |||
Initial Cost - Building & Improvement | 28,324,896 | |||
Subsequent to Acquisition | (752,643) | |||
Land | 13,908,563 | |||
Building & Improvement | 24,351,162 | |||
The company's investment | 38,259,725 | |||
Accumulated Depreciation | 2,778,412 | |||
Total Cost, Net of Accumulated Depreciation | 35,481,313 | |||
Encumbrances | ||||
Truckee Crossroads [Member] | ||||
Initial Cost - Land | 2,140,000 | |||
Initial Cost - Building & Improvement | 8,255,753 | |||
Subsequent to Acquisition | 1,146,729 | |||
Land | 2,140,000 | |||
Building & Improvement | 9,402,482 | |||
The company's investment | 11,542,482 | |||
Accumulated Depreciation | 5,382,067 | |||
Total Cost, Net of Accumulated Depreciation | 6,160,415 | |||
Encumbrances | 2,340,536 | |||
Gateway at Donner Pass [Member] | ||||
Initial Cost - Land | 4,515,688 | |||
Initial Cost - Building & Improvement | 8,318,667 | |||
Subsequent to Acquisition | 226,813 | |||
Land | 4,515,688 | |||
Building & Improvement | 8,545,480 | |||
The company's investment | 13,061,168 | |||
Accumulated Depreciation | 997,166 | |||
Total Cost, Net of Accumulated Depreciation | 12,064,002 | |||
Encumbrances | 2,719,649 | |||
Westlake Shopping Center [Member] | ||||
Initial Cost - Land | 16,174,307 | |||
Initial Cost - Building & Improvement | 64,818,562 | |||
Subsequent to Acquisition | 99,467,618 | |||
Land | 16,174,307 | |||
Building & Improvement | 164,286,180 | |||
The company's investment | 180,460,487 | |||
Accumulated Depreciation | 48,298,485 | |||
Total Cost, Net of Accumulated Depreciation | 132,162,002 | |||
Encumbrances | ||||
Lakewood Village [Member] | ||||
Initial Cost - Land | 8,597,100 | |||
Initial Cost - Building & Improvement | 24,374,615 | |||
Subsequent to Acquisition | (1,241,442) | |||
Land | 11,683,364 | |||
Building & Improvement | 20,046,909 | |||
The company's investment | 31,730,273 | |||
Accumulated Depreciation | 2,648,966 | |||
Total Cost, Net of Accumulated Depreciation | 29,081,307 | |||
Encumbrances | ||||
Savi Ranch [Member] | ||||
Initial Cost - Land | 7,295,646 | |||
Initial Cost - Building & Improvement | 29,752,511 | |||
Subsequent to Acquisition | 126,568 | |||
Land | 7,295,646 | |||
Building & Improvement | 29,879,079 | |||
The company's investment | 37,174,725 | |||
Accumulated Depreciation | 4,753,605 | |||
Total Cost, Net of Accumulated Depreciation | 32,421,120 | |||
Encumbrances | ||||
Village on the Park [Member] | ||||
Initial Cost - Land | 2,194,463 | |||
Initial Cost - Building & Improvement | 8,885,987 | |||
Subsequent to Acquisition | 9,224,144 | |||
Land | 3,018,391 | |||
Building & Improvement | 17,286,203 | |||
The company's investment | 20,304,594 | |||
Accumulated Depreciation | 5,791,482 | |||
Total Cost, Net of Accumulated Depreciation | 14,513,112 | |||
Encumbrances | ||||
Quincy Place S.C. [Member] | ||||
Initial Cost - Land | 1,148,317 | |||
Initial Cost - Building & Improvement | 4,608,249 | |||
Subsequent to Acquisition | 1,611,804 | |||
Land | 1,148,318 | |||
Building & Improvement | 6,220,052 | |||
The company's investment | 7,368,370 | |||
Accumulated Depreciation | 2,869,681 | |||
Total Cost, Net of Accumulated Depreciation | 4,498,689 | |||
Encumbrances | ||||
East Bank S.C. [Member] | ||||
Initial Cost - Land | 1,500,568 | |||
Initial Cost - Building & Improvement | 6,180,103 | |||
Subsequent to Acquisition | 1,873,781 | |||
Land | 1,500,568 | |||
Building & Improvement | 8,053,884 | |||
The company's investment | 9,554,452 | |||
Accumulated Depreciation | 3,620,475 | |||
Total Cost, Net of Accumulated Depreciation | 5,933,977 | |||
Encumbrances | ||||
Northridge Shopping Center [Member] | ||||
Initial Cost - Land | 4,932,690 | |||
Initial Cost - Building & Improvement | 16,496,176 | |||
Subsequent to Acquisition | 1,722,954 | |||
Land | 8,934,385 | |||
Building & Improvement | 14,217,435 | |||
The company's investment | 23,151,820 | |||
Accumulated Depreciation | 1,758,919 | |||
Total Cost, Net of Accumulated Depreciation | 21,392,901 | |||
Encumbrances | ||||
Spring Creek S.C. [Member] | ||||
Initial Cost - Land | 1,423,260 | |||
Initial Cost - Building & Improvement | 5,718,813 | |||
Subsequent to Acquisition | (1,654,650) | |||
Land | 603,270 | |||
Building & Improvement | 4,884,153 | |||
The company's investment | 5,487,423 | |||
Accumulated Depreciation | 3,549,720 | |||
Total Cost, Net of Accumulated Depreciation | 1,937,703 | |||
Encumbrances | ||||
Denver West 38th Street [Member] | ||||
Initial Cost - Land | 161,167 | |||
Initial Cost - Building & Improvement | 646,983 | |||
Subsequent to Acquisition | 69 | |||
Land | 161,167 | |||
Building & Improvement | 647,052 | |||
The company's investment | 808,219 | |||
Accumulated Depreciation | 313,795 | |||
Total Cost, Net of Accumulated Depreciation | 494,424 | |||
Encumbrances | ||||
Englewood Plaza [Member] | ||||
Initial Cost - Land | 805,837 | |||
Initial Cost - Building & Improvement | 3,232,650 | |||
Subsequent to Acquisition | 442,081 | |||
Land | 805,836 | |||
Building & Improvement | 3,674,732 | |||
The company's investment | 4,480,568 | |||
Accumulated Depreciation | 1,798,011 | |||
Total Cost, Net of Accumulated Depreciation | 2,682,557 | |||
Encumbrances | ||||
Fort Collins S.C. [Member] | ||||
Initial Cost - Land | 1,253,497 | |||
Initial Cost - Building & Improvement | 7,625,278 | |||
Subsequent to Acquisition | 1,599,607 | |||
Land | 1,253,496 | |||
Building & Improvement | 9,224,886 | |||
The company's investment | 10,478,382 | |||
Accumulated Depreciation | 3,647,392 | |||
Total Cost, Net of Accumulated Depreciation | 6,830,990 | |||
Encumbrances | ||||
Greeley Commons [Member] | ||||
Initial Cost - Land | 3,313,095 | |||
Initial Cost - Building & Improvement | 20,069,559 | |||
Subsequent to Acquisition | 104,137 | |||
Land | 3,313,095 | |||
Building & Improvement | 20,173,696 | |||
The company's investment | 23,486,791 | |||
Accumulated Depreciation | 3,605,618 | |||
Total Cost, Net of Accumulated Depreciation | 19,881,173 | |||
Encumbrances | ||||
Highlands Ranch Village S.C. [Member] | ||||
Initial Cost - Land | 8,135,427 | |||
Initial Cost - Building & Improvement | 21,579,936 | |||
Subsequent to Acquisition | (659,420) | |||
Land | 5,337,081 | |||
Building & Improvement | 23,718,862 | |||
The company's investment | 29,055,943 | |||
Accumulated Depreciation | 3,641,248 | |||
Total Cost, Net of Accumulated Depreciation | 25,414,695 | |||
Encumbrances | ||||
Village Center West [Member] | ||||
Initial Cost - Land | 2,010,519 | |||
Initial Cost - Building & Improvement | 8,361,085 | |||
Subsequent to Acquisition | 60,687 | |||
Land | 2,010,520 | |||
Building & Improvement | 8,421,771 | |||
The company's investment | 10,432,291 | |||
Accumulated Depreciation | 1,248,737 | |||
Total Cost, Net of Accumulated Depreciation | 9,183,554 | |||
Encumbrances | 5,503,328 | |||
Highlands Ranch II [Member] | ||||
Initial Cost - Land | 3,514,837 | |||
Initial Cost - Building & Improvement | 11,755,916 | |||
Subsequent to Acquisition | 204,961 | |||
Land | 3,514,837 | |||
Building & Improvement | 11,960,877 | |||
The company's investment | 15,475,714 | |||
Accumulated Depreciation | 2,272,093 | |||
Total Cost, Net of Accumulated Depreciation | 13,203,621 | |||
Encumbrances | ||||
Highlands Ranch Parcel [Member] | ||||
Initial Cost - Land | 1,140,000 | |||
Initial Cost - Building & Improvement | 2,660,000 | |||
Subsequent to Acquisition | 64,239 | |||
Land | 1,140,000 | |||
Building & Improvement | 2,724,239 | |||
The company's investment | 3,864,239 | |||
Accumulated Depreciation | 120,726 | |||
Total Cost, Net of Accumulated Depreciation | 3,743,513 | |||
Encumbrances | ||||
Heritage West S.C. [Member] | ||||
Initial Cost - Land | 1,526,576 | |||
Initial Cost - Building & Improvement | 6,124,074 | |||
Subsequent to Acquisition | 1,126,064 | |||
Land | 1,526,576 | |||
Building & Improvement | 7,250,138 | |||
The company's investment | 8,776,714 | |||
Accumulated Depreciation | 3,320,154 | |||
Total Cost, Net of Accumulated Depreciation | 5,456,560 | |||
Encumbrances | ||||
Market at Southpark [Member] | ||||
Initial Cost - Land | 9,782,769 | |||
Initial Cost - Building & Improvement | 20,779,522 | |||
Subsequent to Acquisition | 264,140 | |||
Land | 9,782,769 | |||
Building & Improvement | 21,043,662 | |||
The company's investment | 30,826,431 | |||
Accumulated Depreciation | 3,881,881 | |||
Total Cost, Net of Accumulated Depreciation | 26,944,550 | |||
Encumbrances | ||||
Newtown S.C. [Member] | ||||
Initial Cost - Land | ||||
Initial Cost - Building & Improvement | 15,635,442 | |||
Subsequent to Acquisition | ||||
Land | ||||
Building & Improvement | 15,635,442 | |||
The company's investment | 15,635,442 | |||
Accumulated Depreciation | 1,421,090 | |||
Total Cost, Net of Accumulated Depreciation | 14,214,352 | |||
Encumbrances | 8,502,201 | |||
West Farm Shopping Center [Member] | ||||
Initial Cost - Land | 5,805,969 | |||
Initial Cost - Building & Improvement | 23,348,024 | |||
Subsequent to Acquisition | 14,403,752 | |||
Land | 7,585,116 | |||
Building & Improvement | 35,972,629 | |||
The company's investment | 43,557,745 | |||
Accumulated Depreciation | 13,063,627 | |||
Total Cost, Net of Accumulated Depreciation | 30,494,118 | |||
Encumbrances | ||||
Hamden Mart [Member] | ||||
Initial Cost - Land | 13,668,167 | |||
Initial Cost - Building & Improvement | 40,890,166 | |||
Subsequent to Acquisition | ||||
Land | 13,668,167 | |||
Building & Improvement | 40,890,166 | |||
The company's investment | 54,558,333 | |||
Accumulated Depreciation | 221,050 | |||
Total Cost, Net of Accumulated Depreciation | 54,337,283 | |||
Encumbrances | 22,404,073 | |||
Home Depot Plaza 2 [Member] | ||||
Initial Cost - Land | 7,704,968 | |||
Initial Cost - Building & Improvement | 30,797,640 | |||
Subsequent to Acquisition | 2,712,557 | |||
Land | 7,704,968 | |||
Building & Improvement | 33,510,197 | |||
The company's investment | 41,215,165 | |||
Accumulated Depreciation | 13,564,341 | |||
Total Cost, Net of Accumulated Depreciation | 27,650,824 | |||
Encumbrances | ||||
Wilton River Park Shopping Ctr [Member] | ||||
Initial Cost - Land | 7,154,585 | |||
Initial Cost - Building & Improvement | 27,509,279 | |||
Subsequent to Acquisition | (224,537) | |||
Land | 7,154,585 | |||
Building & Improvement | 27,284,742 | |||
The company's investment | 34,439,327 | |||
Accumulated Depreciation | 3,581,639 | |||
Total Cost, Net of Accumulated Depreciation | 30,857,688 | |||
Encumbrances | ||||
Bright Horizons [Member] | ||||
Initial Cost - Land | 1,211,748 | |||
Initial Cost - Building & Improvement | 4,610,610 | |||
Subsequent to Acquisition | 9,499 | |||
Land | 1,211,748 | |||
Building & Improvement | 4,620,109 | |||
The company's investment | 5,831,857 | |||
Accumulated Depreciation | 684,714 | |||
Total Cost, Net of Accumulated Depreciation | 5,147,143 | |||
Encumbrances | ||||
Wilton Campus [Member] | ||||
Initial Cost - Land | 10,168,872 | |||
Initial Cost - Building & Improvement | 31,893,016 | |||
Subsequent to Acquisition | 254,233 | |||
Land | 10,168,872 | |||
Building & Improvement | 32,147,249 | |||
The company's investment | 42,316,121 | |||
Accumulated Depreciation | 6,500,963 | |||
Total Cost, Net of Accumulated Depreciation | 35,815,158 | |||
Encumbrances | ||||
Camden Square [Member] | ||||
Initial Cost - Land | 122,741 | |||
Initial Cost - Building & Improvement | 66,738 | |||
Subsequent to Acquisition | 4,309,722 | |||
Land | 3,024,375 | |||
Building & Improvement | 1,474,826 | |||
The company's investment | 4,499,201 | |||
Accumulated Depreciation | 155,208 | |||
Total Cost, Net of Accumulated Depreciation | 4,343,993 | |||
Encumbrances | ||||
Promenade at Christiana [Member] | ||||
Initial Cost - Land | 14,371,686 | |||
Initial Cost - Building & Improvement | ||||
Subsequent to Acquisition | 11,148,877 | |||
Land | 25,520,563 | |||
Building & Improvement | ||||
The company's investment | 25,520,563 | |||
Accumulated Depreciation | ||||
Total Cost, Net of Accumulated Depreciation | 25,520,563 | |||
Encumbrances | ||||
Brandywine Commons [Member] | ||||
Initial Cost - Land | ||||
Initial Cost - Building & Improvement | 36,057,487 | |||
Subsequent to Acquisition | (505,731) | |||
Land | ||||
Building & Improvement | 35,551,756 | |||
The company's investment | 35,551,756 | |||
Accumulated Depreciation | 3,276,507 | |||
Total Cost, Net of Accumulated Depreciation | 32,275,249 | |||
Encumbrances | ||||
Camino Square [Member] | ||||
Initial Cost - Land | 573,875 | |||
Initial Cost - Building & Improvement | 2,295,501 | |||
Subsequent to Acquisition | 2,665,024 | |||
Land | 733,875 | |||
Building & Improvement | 4,800,525 | |||
The company's investment | 5,534,400 | |||
Accumulated Depreciation | 3,636,784 | |||
Total Cost, Net of Accumulated Depreciation | 1,897,616 | |||
Encumbrances | ||||
Bonita Grande Crossings [Member] | ||||
Initial Cost - Land | 3,370,941 | |||
Initial Cost - Building & Improvement | 8,179,481 | |||
Subsequent to Acquisition | 52,500 | |||
Land | 3,370,941 | |||
Building & Improvement | 8,231,981 | |||
The company's investment | 11,602,922 | |||
Accumulated Depreciation | 668,033 | |||
Total Cost, Net of Accumulated Depreciation | 10,934,889 | |||
Encumbrances | ||||
Hollywood Video Bonita Grande [Member] | ||||
Initial Cost - Land | 341,958 | |||
Initial Cost - Building & Improvement | 771,935 | |||
Subsequent to Acquisition | ||||
Land | 341,958 | |||
Building & Improvement | 771,935 | |||
The company's investment | 1,113,893 | |||
Accumulated Depreciation | 68,673 | |||
Total Cost, Net of Accumulated Depreciation | 1,045,220 | |||
Encumbrances | ||||
Coral Square Promenade [Member] | ||||
Initial Cost - Land | 710,000 | |||
Initial Cost - Building & Improvement | 2,842,907 | |||
Subsequent to Acquisition | 3,993,496 | |||
Land | 710,000 | |||
Building & Improvement | 6,836,403 | |||
The company's investment | 7,546,403 | |||
Accumulated Depreciation | 3,565,857 | |||
Total Cost, Net of Accumulated Depreciation | 3,980,546 | |||
Encumbrances | ||||
Maplewood Plaze [Member] | ||||
Initial Cost - Land | 1,649,000 | |||
Initial Cost - Building & Improvement | 6,626,301 | |||
Subsequent to Acquisition | 1,161,119 | |||
Land | 1,649,000 | |||
Building & Improvement | 7,787,420 | |||
The company's investment | 9,436,420 | |||
Accumulated Depreciation | 3,541,619 | |||
Total Cost, Net of Accumulated Depreciation | 5,894,801 | |||
Encumbrances | ||||
Curlew Crossing Shopping Ctr [Member] | ||||
Initial Cost - Land | 5,315,955 | |||
Initial Cost - Building & Improvement | 12,529,467 | |||
Subsequent to Acquisition | 2,107,472 | |||
Land | 5,315,954 | |||
Building & Improvement | 14,636,940 | |||
The company's investment | 19,952,894 | |||
Accumulated Depreciation | 5,461,751 | |||
Total Cost, Net of Accumulated Depreciation | 14,491,143 | |||
Encumbrances | ||||
Shops at Santa Barbara Phase 1 [Member] | ||||
Initial Cost - Land | 743,463 | |||
Initial Cost - Building & Improvement | 5,373,994 | |||
Subsequent to Acquisition | ||||
Land | 743,463 | |||
Building & Improvement | 5,373,994 | |||
The company's investment | 6,117,457 | |||
Accumulated Depreciation | 462,609 | |||
Total Cost, Net of Accumulated Depreciation | 5,654,848 | |||
Encumbrances | ||||
Shops at Santa Barbara Phase 2 [Member] | ||||
Initial Cost - Land | 331,692 | |||
Initial Cost - Building & Improvement | 2,488,832 | |||
Subsequent to Acquisition | ||||
Land | 331,692 | |||
Building & Improvement | 2,488,832 | |||
The company's investment | 2,820,524 | |||
Accumulated Depreciation | 200,524 | |||
Total Cost, Net of Accumulated Depreciation | 2,620,000 | |||
Encumbrances | ||||
Shops at Santa Barbara Phase 3 [Member] | ||||
Initial Cost - Land | 329,726 | |||
Initial Cost - Building & Improvement | 2,358,700 | |||
Subsequent to Acquisition | (12,082) | |||
Land | 329,726 | |||
Building & Improvement | 2,346,618 | |||
The company's investment | 2,676,344 | |||
Accumulated Depreciation | 217,112 | |||
Total Cost, Net of Accumulated Depreciation | 2,459,232 | |||
Encumbrances | ||||
Coral Pointe S.C. [Member] | ||||
Initial Cost - Land | 2,411,608 | |||
Initial Cost - Building & Improvement | 20,507,735 | |||
Subsequent to Acquisition | (25,164) | |||
Land | 2,411,608 | |||
Building & Improvement | 20,482,571 | |||
The company's investment | 22,894,179 | |||
Accumulated Depreciation | 1,580,664 | |||
Total Cost, Net of Accumulated Depreciation | 21,313,515 | |||
Encumbrances | ||||
Publix at Addison [Member] | ||||
Initial Cost - Land | 3,211,156 | |||
Initial Cost - Building & Improvement | 6,747,895 | |||
Subsequent to Acquisition | ||||
Land | 3,211,156 | |||
Building & Improvement | 6,747,895 | |||
The company's investment | 9,959,051 | |||
Accumulated Depreciation | 350,697 | |||
Total Cost, Net of Accumulated Depreciation | 9,608,354 | |||
Encumbrances | ||||
Addison Center Prof. Building [Member] | ||||
Initial Cost - Land | 802,789 | |||
Initial Cost - Building & Improvement | 1,310,012 | |||
Subsequent to Acquisition | (45,779) | |||
Land | 802,789 | |||
Building & Improvement | 1,264,233 | |||
The company's investment | 2,067,022 | |||
Accumulated Depreciation | 75,322 | |||
Total Cost, Net of Accumulated Depreciation | 1,991,700 | |||
Encumbrances | ||||
Dania Pointe [Member] | ||||
Initial Cost - Land | 105,113,024 | |||
Initial Cost - Building & Improvement | ||||
Subsequent to Acquisition | 2,000,000 | |||
Land | 107,113,024 | |||
Building & Improvement | ||||
The company's investment | 107,113,024 | |||
Accumulated Depreciation | ||||
Total Cost, Net of Accumulated Depreciation | 107,113,024 | |||
Encumbrances | ||||
Ft. Lauderdale/Cypress Creek [Member] | ||||
Initial Cost - Land | 14,258,760 | |||
Initial Cost - Building & Improvement | 28,042,390 | |||
Subsequent to Acquisition | 2,415,038 | |||
Land | 14,258,760 | |||
Building & Improvement | 30,457,428 | |||
The company's investment | 44,716,188 | |||
Accumulated Depreciation | 9,171,140 | |||
Total Cost, Net of Accumulated Depreciation | 35,545,048 | |||
Encumbrances | ||||
Homestead-Wachtel Land Lease [Member] | ||||
Initial Cost - Land | 150,000 | |||
Initial Cost - Building & Improvement | ||||
Subsequent to Acquisition | ||||
Land | 150,000 | |||
Building & Improvement | ||||
The company's investment | 150,000 | |||
Accumulated Depreciation | ||||
Total Cost, Net of Accumulated Depreciation | 150,000 | |||
Encumbrances | ||||
Oakwood Plaza North [Member] | ||||
Initial Cost - Land | 35,300,961 | |||
Initial Cost - Building & Improvement | 141,731,019 | |||
Subsequent to Acquisition | ||||
Land | 35,300,961 | |||
Building & Improvement | 141,731,019 | |||
The company's investment | 177,031,980 | |||
Accumulated Depreciation | 4,333,815 | |||
Total Cost, Net of Accumulated Depreciation | 172,698,165 | |||
Encumbrances | 100,000,000 | |||
Oakwood Plaza South [Member] | ||||
Initial Cost - Land | 11,126,610 | |||
Initial Cost - Building & Improvement | 40,592,103 | |||
Subsequent to Acquisition | ||||
Land | 11,126,610 | |||
Building & Improvement | 40,592,103 | |||
The company's investment | 51,718,713 | |||
Accumulated Depreciation | 1,487,871 | |||
Total Cost, Net of Accumulated Depreciation | 50,230,842 | |||
Encumbrances | ||||
Oakwood Business Ctr BDLG 1 [Member] | ||||
Initial Cost - Land | 6,792,500 | |||
Initial Cost - Building & Improvement | 18,662,565 | |||
Subsequent to Acquisition | 3,027,668 | |||
Land | 6,792,500 | |||
Building & Improvement | 21,690,233 | |||
The company's investment | 28,482,733 | |||
Accumulated Depreciation | 5,592,134 | |||
Total Cost, Net of Accumulated Depreciation | 22,890,599 | |||
Encumbrances | ||||
Amelia Concourse [Member] | ||||
Initial Cost - Land | 7,600,000 | |||
Initial Cost - Building & Improvement | ||||
Subsequent to Acquisition | 2,508,435 | |||
Land | 676,791 | |||
Building & Improvement | 9,431,644 | |||
The company's investment | 10,108,435 | |||
Accumulated Depreciation | 2,819,327 | |||
Total Cost, Net of Accumulated Depreciation | 7,289,108 | |||
Encumbrances | ||||
Kimco Avenues Walk, LLC [Member] | ||||
Initial Cost - Land | 26,984,546 | |||
Initial Cost - Building & Improvement | ||||
Subsequent to Acquisition | 47,260,955 | |||
Land | 29,784,056 | |||
Building & Improvement | 44,461,445 | |||
The company's investment | 74,245,501 | |||
Accumulated Depreciation | 63,344 | |||
Total Cost, Net of Accumulated Depreciation | 74,182,157 | |||
Encumbrances | ||||
Duval Station S.C. [Member] | ||||
Initial Cost - Land | 1,807,792 | |||
Initial Cost - Building & Improvement | 11,863,692 | |||
Subsequent to Acquisition | 114,840 | |||
Land | 1,807,792 | |||
Building & Improvement | 11,978,532 | |||
The company's investment | 13,786,324 | |||
Accumulated Depreciation | 828,285 | |||
Total Cost, Net of Accumulated Depreciation | 12,958,039 | |||
Encumbrances | ||||
Riverplace Shopping Ctr. [Member] | ||||
Initial Cost - Land | 7,503,282 | |||
Initial Cost - Building & Improvement | 31,011,027 | |||
Subsequent to Acquisition | 1,375,379 | |||
Land | 7,200,050 | |||
Building & Improvement | 32,689,638 | |||
The company's investment | 39,889,688 | |||
Accumulated Depreciation | 8,655,946 | |||
Total Cost, Net of Accumulated Depreciation | 31,233,742 | |||
Encumbrances | ||||
Merchants Walk [Member] | ||||
Initial Cost - Land | 2,580,816 | |||
Initial Cost - Building & Improvement | 10,366,090 | |||
Subsequent to Acquisition | 6,496,524 | |||
Land | 2,580,816 | |||
Building & Improvement | 16,862,614 | |||
The company's investment | 19,443,430 | |||
Accumulated Depreciation | 7,283,589 | |||
Total Cost, Net of Accumulated Depreciation | 12,159,841 | |||
Encumbrances | ||||
Wal-Mart Plaza [Member] | ||||
Initial Cost - Land | 293,686 | |||
Initial Cost - Building & Improvement | 792,119 | |||
Subsequent to Acquisition | 1,726,636 | |||
Land | 293,686 | |||
Building & Improvement | 2,518,755 | |||
The company's investment | 2,812,441 | |||
Accumulated Depreciation | 2,210,865 | |||
Total Cost, Net of Accumulated Depreciation | 601,576 | |||
Encumbrances | ||||
Leesburg Shops [Member] | ||||
Initial Cost - Land | ||||
Initial Cost - Building & Improvement | 171,636 | |||
Subsequent to Acquisition | 193,651 | |||
Land | ||||
Building & Improvement | 365,287 | |||
The company's investment | 365,287 | |||
Accumulated Depreciation | 365,287 | |||
Total Cost, Net of Accumulated Depreciation | ||||
Encumbrances | ||||
Tri-City Plaza [Member] | ||||
Initial Cost - Land | 2,832,296 | |||
Initial Cost - Building & Improvement | 11,329,185 | |||
Subsequent to Acquisition | 19,606,325 | |||
Land | 2,832,296 | |||
Building & Improvement | 30,935,510 | |||
The company's investment | 33,767,806 | |||
Accumulated Depreciation | 2,730,210 | |||
Total Cost, Net of Accumulated Depreciation | 31,037,596 | |||
Encumbrances | ||||
Ft. Lauderdale #1, FL [Member] | ||||
Initial Cost - Land | 1,002,733 | |||
Initial Cost - Building & Improvement | 2,602,415 | |||
Subsequent to Acquisition | 12,831,516 | |||
Land | 1,774,443 | |||
Building & Improvement | 14,662,221 | |||
The company's investment | 16,436,664 | |||
Accumulated Depreciation | 9,613,856 | |||
Total Cost, Net of Accumulated Depreciation | 6,822,808 | |||
Encumbrances | ||||
Lake Wales S.C. [Member] | ||||
Initial Cost - Land | 601,052 | |||
Initial Cost - Building & Improvement | ||||
Subsequent to Acquisition | ||||
Land | 601,052 | |||
Building & Improvement | ||||
The company's investment | 601,052 | |||
Accumulated Depreciation | ||||
Total Cost, Net of Accumulated Depreciation | 601,052 | |||
Encumbrances | ||||
NASA Plaza [Member] | ||||
Initial Cost - Land | ||||
Initial Cost - Building & Improvement | 1,754,000 | |||
Subsequent to Acquisition | 2,653,265 | |||
Land | ||||
Building & Improvement | 4,407,265 | |||
The company's investment | 4,407,265 | |||
Accumulated Depreciation | 3,243,997 | |||
Total Cost, Net of Accumulated Depreciation | 1,163,268 | |||
Encumbrances | ||||
Grove Gates S.C. [Member] | ||||
Initial Cost - Land | 365,893 | |||
Initial Cost - Building & Improvement | 1,049,172 | |||
Subsequent to Acquisition | 1,207,100 | |||
Land | 365,893 | |||
Building & Improvement | 2,256,272 | |||
The company's investment | 2,622,165 | |||
Accumulated Depreciation | 1,959,640 | |||
Total Cost, Net of Accumulated Depreciation | 662,525 | |||
Encumbrances | ||||
Chevron Outparcel [Member] | ||||
Initial Cost - Land | 530,570 | |||
Initial Cost - Building & Improvement | 1,253,410 | |||
Subsequent to Acquisition | ||||
Land | 530,570 | |||
Building & Improvement | 1,253,410 | |||
The company's investment | 1,783,980 | |||
Accumulated Depreciation | 334,762 | |||
Total Cost, Net of Accumulated Depreciation | 1,449,218 | |||
Encumbrances | ||||
Ives Dairy Crossing [Member] | ||||
Initial Cost - Land | 732,914 | |||
Initial Cost - Building & Improvement | 4,080,460 | |||
Subsequent to Acquisition | 11,065,138 | |||
Land | 732,914 | |||
Building & Improvement | 15,145,598 | |||
The company's investment | 15,878,512 | |||
Accumulated Depreciation | 9,101,199 | |||
Total Cost, Net of Accumulated Depreciation | 6,777,313 | |||
Encumbrances | ||||
Miller Road S.C. [Member] | ||||
Initial Cost - Land | 1,138,082 | |||
Initial Cost - Building & Improvement | 4,552,327 | |||
Subsequent to Acquisition | 4,535,416 | |||
Land | 1,138,082 | |||
Building & Improvement | 9,087,743 | |||
The company's investment | 10,225,825 | |||
Accumulated Depreciation | 5,760,824 | |||
Total Cost, Net of Accumulated Depreciation | 4,465,001 | |||
Encumbrances | ||||
Tri-Cities Shopping Plaza [Member] | ||||
Initial Cost - Land | 1,011,000 | |||
Initial Cost - Building & Improvement | 4,062,890 | |||
Subsequent to Acquisition | 3,190,909 | |||
Land | 1,011,000 | |||
Building & Improvement | 7,253,799 | |||
The company's investment | 8,264,799 | |||
Accumulated Depreciation | 596,772 | |||
Total Cost, Net of Accumulated Depreciation | 7,668,027 | |||
Encumbrances | ||||
Kendale Lakes Plaza [Member] | ||||
Initial Cost - Land | 18,491,461 | |||
Initial Cost - Building & Improvement | 28,496,001 | |||
Subsequent to Acquisition | (2,055,786) | |||
Land | 15,362,227 | |||
Building & Improvement | 29,569,449 | |||
The company's investment | 44,931,676 | |||
Accumulated Depreciation | 6,605,625 | |||
Total Cost, Net of Accumulated Depreciation | 38,326,051 | |||
Encumbrances | ||||
Plantation Crossing [Member] | ||||
Initial Cost - Land | 7,524,800 | |||
Initial Cost - Building & Improvement | ||||
Subsequent to Acquisition | (5,003,280) | |||
Land | 2,008,617 | |||
Building & Improvement | 512,903 | |||
The company's investment | 2,521,520 | |||
Accumulated Depreciation | 91,054 | |||
Total Cost, Net of Accumulated Depreciation | 2,430,466 | |||
Encumbrances | ||||
Centre of Merritt [Member] | ||||
Initial Cost - Land | 1,806,275 | |||
Initial Cost - Building & Improvement | 9,592,435 | |||
Subsequent to Acquisition | ||||
Land | 1,806,275 | |||
Building & Improvement | 9,592,435 | |||
The company's investment | 11,398,710 | |||
Accumulated Depreciation | 623,343 | |||
Total Cost, Net of Accumulated Depreciation | 10,775,367 | |||
Encumbrances | ||||
Miller West Plaza [Member] | ||||
Initial Cost - Land | 6,725,660 | |||
Initial Cost - Building & Improvement | 10,661,420 | |||
Subsequent to Acquisition | ||||
Land | 6,725,660 | |||
Building & Improvement | 10,661,420 | |||
The company's investment | 17,387,080 | |||
Accumulated Depreciation | 774,598 | |||
Total Cost, Net of Accumulated Depreciation | 16,612,482 | |||
Encumbrances | ||||
Corsica Square S.C. [Member] | ||||
Initial Cost - Land | 7,225,100 | |||
Initial Cost - Building & Improvement | 10,757,386 | |||
Subsequent to Acquisition | 112,000 | |||
Land | 7,225,100 | |||
Building & Improvement | 10,869,386 | |||
The company's investment | 18,094,486 | |||
Accumulated Depreciation | 918,110 | |||
Total Cost, Net of Accumulated Depreciation | 17,176,376 | |||
Encumbrances | 10,840,743 | |||
Milton, FL [Member] | ||||
Initial Cost - Land | 1,275,593 | |||
Initial Cost - Building & Improvement | ||||
Subsequent to Acquisition | ||||
Land | 1,275,593 | |||
Building & Improvement | ||||
The company's investment | 1,275,593 | |||
Accumulated Depreciation | ||||
Total Cost, Net of Accumulated Depreciation | 1,275,593 | |||
Encumbrances | ||||
Flagler Park [Member] | ||||
Initial Cost - Land | 26,162,980 | |||
Initial Cost - Building & Improvement | 80,737,041 | |||
Subsequent to Acquisition | 3,482,952 | |||
Land | 26,725,480 | |||
Building & Improvement | 83,657,493 | |||
The company's investment | 110,382,973 | |||
Accumulated Depreciation | 20,442,791 | |||
Total Cost, Net of Accumulated Depreciation | 89,940,182 | |||
Encumbrances | ||||
Parkhill Plaza [Member] | ||||
Initial Cost - Land | 10,763,612 | |||
Initial Cost - Building & Improvement | 19,264,248 | |||
Subsequent to Acquisition | 187,262 | |||
Land | 10,763,612 | |||
Building & Improvement | 19,451,510 | |||
The company's investment | 30,215,122 | |||
Accumulated Depreciation | 3,784,223 | |||
Total Cost, Net of Accumulated Depreciation | 26,430,899 | |||
Encumbrances | ||||
Winn Dixie-Miami [Member] | ||||
Initial Cost - Land | 2,989,640 | |||
Initial Cost - Building & Improvement | 9,410,360 | |||
Subsequent to Acquisition | (51,872) | |||
Land | 3,544,297 | |||
Building & Improvement | 8,803,831 | |||
The company's investment | 12,348,128 | |||
Accumulated Depreciation | 677,157 | |||
Total Cost, Net of Accumulated Depreciation | 11,670,971 | |||
Encumbrances | ||||
Marathon Shopping Center [Member] | ||||
Initial Cost - Land | 2,412,929 | |||
Initial Cost - Building & Improvement | 8,069,450 | |||
Subsequent to Acquisition | 1,013,493 | |||
Land | 1,514,731 | |||
Building & Improvement | 9,981,141 | |||
The company's investment | 11,495,872 | |||
Accumulated Depreciation | 1,112,710 | |||
Total Cost, Net of Accumulated Depreciation | 10,383,162 | |||
Encumbrances | ||||
Sodo S.C. [Member] | ||||
Initial Cost - Land | ||||
Initial Cost - Building & Improvement | 68,139,271 | |||
Subsequent to Acquisition | 8,283,273 | |||
Land | 142,195 | |||
Building & Improvement | 76,280,349 | |||
The company's investment | 76,422,544 | |||
Accumulated Depreciation | 16,306,907 | |||
Total Cost, Net of Accumulated Depreciation | 60,115,637 | |||
Encumbrances | ||||
Renaissance Center [Member] | ||||
Initial Cost - Land | 9,104,379 | |||
Initial Cost - Building & Improvement | 36,540,873 | |||
Subsequent to Acquisition | 14,913,118 | |||
Land | 9,122,758 | |||
Building & Improvement | 51,435,612 | |||
The company's investment | 60,558,370 | |||
Accumulated Depreciation | 17,171,361 | |||
Total Cost, Net of Accumulated Depreciation | 43,387,009 | |||
Encumbrances | ||||
MIllenia Plaza Phase II [Member] | ||||
Initial Cost - Land | 7,711,000 | |||
Initial Cost - Building & Improvement | 20,702,992 | |||
Subsequent to Acquisition | 1,650,193 | |||
Land | 7,698,200 | |||
Building & Improvement | 22,365,985 | |||
The company's investment | 30,064,185 | |||
Accumulated Depreciation | 7,880,425 | |||
Total Cost, Net of Accumulated Depreciation | 22,183,760 | |||
Encumbrances | ||||
Riverside Landings S.C. [Member] | ||||
Initial Cost - Land | 3,512,202 | |||
Initial Cost - Building & Improvement | 14,439,668 | |||
Subsequent to Acquisition | 96,924 | |||
Land | 3,512,202 | |||
Building & Improvement | 14,536,592 | |||
The company's investment | 18,048,794 | |||
Accumulated Depreciation | 1,012,519 | |||
Total Cost, Net of Accumulated Depreciation | 17,036,275 | |||
Encumbrances | ||||
Grand Oaks Village [Member] | ||||
Initial Cost - Land | 7,409,319 | |||
Initial Cost - Building & Improvement | 19,653,869 | |||
Subsequent to Acquisition | (627,365) | |||
Land | 5,846,339 | |||
Building & Improvement | 20,589,484 | |||
The company's investment | 26,435,823 | |||
Accumulated Depreciation | 3,451,536 | |||
Total Cost, Net of Accumulated Depreciation | 22,984,287 | |||
Encumbrances | ||||
Lowes S.C. [Member] | ||||
Initial Cost - Land | 1,620,203 | |||
Initial Cost - Building & Improvement | ||||
Subsequent to Acquisition | 40,689 | |||
Land | 954,876 | |||
Building & Improvement | 706,016 | |||
The company's investment | 1,660,892 | |||
Accumulated Depreciation | 125,514 | |||
Total Cost, Net of Accumulated Depreciation | 1,535,378 | |||
Encumbrances | ||||
Pompano Pointe S.C. [Member] | ||||
Initial Cost - Land | 10,516,500 | |||
Initial Cost - Building & Improvement | 10,469,592 | |||
Subsequent to Acquisition | 530,900 | |||
Land | 10,516,500 | |||
Building & Improvement | 11,000,492 | |||
The company's investment | 21,516,992 | |||
Accumulated Depreciation | 456,268 | |||
Total Cost, Net of Accumulated Depreciation | 21,060,724 | |||
Encumbrances | ||||
University Town Center [Member] | ||||
Initial Cost - Land | 5,515,265 | |||
Initial Cost - Building & Improvement | 13,041,400 | |||
Subsequent to Acquisition | 426,693 | |||
Land | 5,515,265 | |||
Building & Improvement | 13,468,093 | |||
The company's investment | 18,983,358 | |||
Accumulated Depreciation | 2,378,907 | |||
Total Cost, Net of Accumulated Depreciation | 16,604,451 | |||
Encumbrances | ||||
Palm Beach Gardens [Member] | ||||
Initial Cost - Land | 2,764,953 | |||
Initial Cost - Building & Improvement | 11,059,812 | |||
Subsequent to Acquisition | 668,875 | |||
Land | 2,764,953 | |||
Building & Improvement | 11,728,687 | |||
The company's investment | 14,493,640 | |||
Accumulated Depreciation | 1,551,717 | |||
Total Cost, Net of Accumulated Depreciation | 12,941,923 | |||
Encumbrances | ||||
Oak Tree Plaza [Member] | ||||
Initial Cost - Land | ||||
Initial Cost - Building & Improvement | 917,360 | |||
Subsequent to Acquisition | 1,562,941 | |||
Land | ||||
Building & Improvement | 2,480,301 | |||
The company's investment | 2,480,301 | |||
Accumulated Depreciation | 1,264,152 | |||
Total Cost, Net of Accumulated Depreciation | 1,216,149 | |||
Encumbrances | ||||
Tuttlebee Plaza [Member] | ||||
Initial Cost - Land | 254,961 | |||
Initial Cost - Building & Improvement | 828,465 | |||
Subsequent to Acquisition | 2,142,270 | |||
Land | 254,961 | |||
Building & Improvement | 2,970,735 | |||
The company's investment | 3,225,696 | |||
Accumulated Depreciation | 2,193,861 | |||
Total Cost, Net of Accumulated Depreciation | 1,031,835 | |||
Encumbrances | ||||
South Miami S.C. [Member] | ||||
Initial Cost - Land | 1,280,440 | |||
Initial Cost - Building & Improvement | 5,133,825 | |||
Subsequent to Acquisition | 3,121,059 | |||
Land | 1,280,440 | |||
Building & Improvement | 8,254,884 | |||
The company's investment | 9,535,324 | |||
Accumulated Depreciation | 4,254,038 | |||
Total Cost, Net of Accumulated Depreciation | 5,281,286 | |||
Encumbrances | ||||
Carrolwood Commons [Member] | ||||
Initial Cost - Land | 5,220,445 | |||
Initial Cost - Building & Improvement | 16,884,228 | |||
Subsequent to Acquisition | 2,339,166 | |||
Land | 5,220,445 | |||
Building & Improvement | 19,223,394 | |||
The company's investment | 24,443,839 | |||
Accumulated Depreciation | 8,996,615 | |||
Total Cost, Net of Accumulated Depreciation | 15,447,224 | |||
Encumbrances | ||||
Village Commons Shopping Center [Member] | ||||
Initial Cost - Land | 2,192,331 | |||
Initial Cost - Building & Improvement | 8,774,158 | |||
Subsequent to Acquisition | 2,760,666 | |||
Land | 2,192,331 | |||
Building & Improvement | 11,534,824 | |||
The company's investment | 13,727,155 | |||
Accumulated Depreciation | 5,417,404 | |||
Total Cost, Net of Accumulated Depreciation | 8,309,751 | |||
Encumbrances | ||||
Mission Bell Shopping Center [Member] | ||||
Initial Cost - Land | 5,056,426 | |||
Initial Cost - Building & Improvement | 11,843,119 | |||
Subsequent to Acquisition | 8,634,466 | |||
Land | 5,067,033 | |||
Building & Improvement | 20,466,978 | |||
The company's investment | 25,534,011 | |||
Accumulated Depreciation | 6,509,898 | |||
Total Cost, Net of Accumulated Depreciation | 19,024,113 | |||
Encumbrances | ||||
Village Commons S.C. [Member] | ||||
Initial Cost - Land | 2,026,423 | |||
Initial Cost - Building & Improvement | 5,106,476 | |||
Subsequent to Acquisition | 1,923,704 | |||
Land | 2,026,423 | |||
Building & Improvement | 7,030,180 | |||
The company's investment | 9,056,603 | |||
Accumulated Depreciation | 1,236,632 | |||
Total Cost, Net of Accumulated Depreciation | 7,819,971 | |||
Encumbrances | ||||
Belmart Plaza [Member] | ||||
Initial Cost - Land | 1,656,097 | |||
Initial Cost - Building & Improvement | 3,394,420 | |||
Subsequent to Acquisition | 5,585,602 | |||
Land | 1,656,097 | |||
Building & Improvement | 8,980,022 | |||
The company's investment | 10,636,119 | |||
Accumulated Depreciation | 403,154 | |||
Total Cost, Net of Accumulated Depreciation | 10,232,965 | |||
Encumbrances | ||||
Augusta Square [Member] | ||||
Initial Cost - Land | 1,482,564 | |||
Initial Cost - Building & Improvement | 5,928,122 | |||
Subsequent to Acquisition | 2,007,334 | |||
Land | 1,482,564 | |||
Building & Improvement | 7,935,456 | |||
The company's investment | 9,418,020 | |||
Accumulated Depreciation | 4,260,861 | |||
Total Cost, Net of Accumulated Depreciation | 5,157,159 | |||
Encumbrances | ||||
Market at Haynes Bridge [Member] | ||||
Initial Cost - Land | 4,880,659 | |||
Initial Cost - Building & Improvement | 21,549,424 | |||
Subsequent to Acquisition | 1,238,043 | |||
Land | 4,889,863 | |||
Building & Improvement | 22,778,263 | |||
The company's investment | 27,668,126 | |||
Accumulated Depreciation | 6,751,969 | |||
Total Cost, Net of Accumulated Depreciation | 20,916,157 | |||
Encumbrances | ||||
Embry Village [Member] | ||||
Initial Cost - Land | 18,147,054 | |||
Initial Cost - Building & Improvement | 33,009,514 | |||
Subsequent to Acquisition | 908,584 | |||
Land | 18,160,525 | |||
Building & Improvement | 33,904,627 | |||
The company's investment | 52,065,152 | |||
Accumulated Depreciation | 17,260,605 | |||
Total Cost, Net of Accumulated Depreciation | 34,804,547 | |||
Encumbrances | ||||
Perimeter Expo Property [Member] | ||||
Initial Cost - Land | 14,770,275 | |||
Initial Cost - Building & Improvement | 44,295,457 | |||
Subsequent to Acquisition | ||||
Land | 14,770,275 | |||
Building & Improvement | 44,295,457 | |||
The company's investment | 59,065,732 | |||
Accumulated Depreciation | 477,748 | |||
Total Cost, Net of Accumulated Depreciation | 58,587,984 | |||
Encumbrances | 40,983,821 | |||
Riverwalk Marketplace [Member] | ||||
Initial Cost - Land | 3,512,202 | |||
Initial Cost - Building & Improvement | 18,862,571 | |||
Subsequent to Acquisition | ||||
Land | 3,512,202 | |||
Building & Improvement | 18,862,571 | |||
The company's investment | 22,374,773 | |||
Accumulated Depreciation | 995,324 | |||
Total Cost, Net of Accumulated Depreciation | 21,379,449 | |||
Encumbrances | ||||
Village Shopes - Flowery Branch [Member] | ||||
Initial Cost - Land | 4,444,148 | |||
Initial Cost - Building & Improvement | 10,510,657 | |||
Subsequent to Acquisition | 303,983 | |||
Land | 4,444,148 | |||
Building & Improvement | 10,814,640 | |||
The company's investment | 15,258,788 | |||
Accumulated Depreciation | 2,395,174 | |||
Total Cost, Net of Accumulated Depreciation | 12,863,614 | |||
Encumbrances | ||||
Lawrenceville Market [Member] | ||||
Initial Cost - Land | 8,878,266 | |||
Initial Cost - Building & Improvement | 29,691,191 | |||
Subsequent to Acquisition | (44,182) | |||
Land | 9,060,436 | |||
Building & Improvement | 29,464,839 | |||
The company's investment | 38,525,275 | |||
Accumulated Depreciation | 4,125,715 | |||
Total Cost, Net of Accumulated Depreciation | 34,399,560 | |||
Encumbrances | ||||
Five Forks Crossing [Member] | ||||
Initial Cost - Land | 2,363,848 | |||
Initial Cost - Building & Improvement | 7,906,257 | |||
Subsequent to Acquisition | 372,465 | |||
Land | 2,363,848 | |||
Building & Improvement | 8,278,722 | |||
The company's investment | 10,642,570 | |||
Accumulated Depreciation | 1,646,665 | |||
Total Cost, Net of Accumulated Depreciation | 8,995,905 | |||
Encumbrances | ||||
Braelinn Village [Member] | ||||
Initial Cost - Land | 7,314,719 | |||
Initial Cost - Building & Improvement | 20,738,792 | |||
Subsequent to Acquisition | 1,149,049 | |||
Land | 6,342,926 | |||
Building & Improvement | 22,859,634 | |||
The company's investment | 29,202,560 | |||
Accumulated Depreciation | 2,185,264 | |||
Total Cost, Net of Accumulated Depreciation | 27,017,296 | |||
Encumbrances | ||||
Savannah Center [Member] | ||||
Initial Cost - Land | 2,052,270 | |||
Initial Cost - Building & Improvement | 8,232,978 | |||
Subsequent to Acquisition | 3,599,399 | |||
Land | 2,052,270 | |||
Building & Improvement | 11,832,377 | |||
The company's investment | 13,884,647 | |||
Accumulated Depreciation | 6,520,291 | |||
Total Cost, Net of Accumulated Depreciation | 7,364,356 | |||
Encumbrances | ||||
Chatham Plaza [Member] | ||||
Initial Cost - Land | 13,390,238 | |||
Initial Cost - Building & Improvement | 35,115,882 | |||
Subsequent to Acquisition | 2,092,634 | |||
Land | 13,403,262 | |||
Building & Improvement | 37,195,492 | |||
The company's investment | 50,598,754 | |||
Accumulated Depreciation | 12,496,124 | |||
Total Cost, Net of Accumulated Depreciation | 38,102,630 | |||
Encumbrances | ||||
Clive Plaza [Member] | ||||
Initial Cost - Land | 500,525 | |||
Initial Cost - Building & Improvement | 2,002,101 | |||
Subsequent to Acquisition | ||||
Land | 500,525 | |||
Building & Improvement | 2,002,101 | |||
The company's investment | 2,502,626 | |||
Accumulated Depreciation | 1,073,777 | |||
Total Cost, Net of Accumulated Depreciation | 1,428,849 | |||
Encumbrances | ||||
Dubuque Center [Member] | ||||
Initial Cost - Land | ||||
Initial Cost - Building & Improvement | 2,152,476 | |||
Subsequent to Acquisition | 239,217 | |||
Land | ||||
Building & Improvement | 2,391,693 | |||
The company's investment | 2,391,693 | |||
Accumulated Depreciation | 1,516,782 | |||
Total Cost, Net of Accumulated Depreciation | 874,911 | |||
Encumbrances | ||||
Treasure Valley [Member] | ||||
Initial Cost - Land | 6,501,240 | |||
Initial Cost - Building & Improvement | ||||
Subsequent to Acquisition | (4,284,637) | |||
Land | 1,110,530 | |||
Building & Improvement | 1,106,073 | |||
The company's investment | 2,216,603 | |||
Accumulated Depreciation | 127,733 | |||
Total Cost, Net of Accumulated Depreciation | 2,088,870 | |||
Encumbrances | ||||
Bloomington Commons [Member] | ||||
Initial Cost - Land | 805,521 | |||
Initial Cost - Building & Improvement | 2,222,353 | |||
Subsequent to Acquisition | 4,494,864 | |||
Land | 805,521 | |||
Building & Improvement | 6,717,217 | |||
The company's investment | 7,522,738 | |||
Accumulated Depreciation | 4,816,390 | |||
Total Cost, Net of Accumulated Depreciation | 2,706,348 | |||
Encumbrances | ||||
The 87th Street Center [Member] | ||||
Initial Cost - Land | ||||
Initial Cost - Building & Improvement | 2,687,046 | |||
Subsequent to Acquisition | 8,092,727 | |||
Land | 6,992,648 | |||
Building & Improvement | 3,787,125 | |||
The company's investment | 10,779,773 | |||
Accumulated Depreciation | 2,284,313 | |||
Total Cost, Net of Accumulated Depreciation | 8,495,460 | |||
Encumbrances | ||||
Elston Chicago [Member] | ||||
Initial Cost - Land | 1,010,374 | |||
Initial Cost - Building & Improvement | 5,692,212 | |||
Subsequent to Acquisition | 498,828 | |||
Land | 1,010,374 | |||
Building & Improvement | 6,191,040 | |||
The company's investment | 7,201,414 | |||
Accumulated Depreciation | 2,763,188 | |||
Total Cost, Net of Accumulated Depreciation | 4,438,226 | |||
Encumbrances | ||||
Downers Park Plaza [Member] | ||||
Initial Cost - Land | 2,510,455 | |||
Initial Cost - Building & Improvement | 10,164,494 | |||
Subsequent to Acquisition | 1,967,032 | |||
Land | 2,510,455 | |||
Building & Improvement | 12,131,526 | |||
The company's investment | 14,641,981 | |||
Accumulated Depreciation | 5,418,098 | |||
Total Cost, Net of Accumulated Depreciation | 9,223,883 | |||
Encumbrances | ||||
Downers Park Plaza 2 [Member] | ||||
Initial Cost - Land | 811,778 | |||
Initial Cost - Building & Improvement | 4,322,956 | |||
Subsequent to Acquisition | 3,348,460 | |||
Land | 811,778 | |||
Building & Improvement | 7,671,416 | |||
The company's investment | 8,483,194 | |||
Accumulated Depreciation | 3,600,499 | |||
Total Cost, Net of Accumulated Depreciation | 4,882,695 | |||
Encumbrances | ||||
Town & Country S.C. [Member] | ||||
Initial Cost - Land | 842,555 | |||
Initial Cost - Building & Improvement | 2,108,674 | |||
Subsequent to Acquisition | 2,767,311 | |||
Land | 500,927 | |||
Building & Improvement | 5,217,613 | |||
The company's investment | 5,718,540 | |||
Accumulated Depreciation | 3,320,591 | |||
Total Cost, Net of Accumulated Depreciation | 2,397,949 | |||
Encumbrances | ||||
Fairview City Centre [Member] | ||||
Initial Cost - Land | ||||
Initial Cost - Building & Improvement | 11,866,880 | |||
Subsequent to Acquisition | 12,943,654 | |||
Land | 1,900,000 | |||
Building & Improvement | 22,910,534 | |||
The company's investment | 24,810,534 | |||
Accumulated Depreciation | 1,853,323 | |||
Total Cost, Net of Accumulated Depreciation | 22,957,211 | |||
Encumbrances | ||||
Shops at Kildeer [Member] | ||||
Initial Cost - Land | 5,259,542 | |||
Initial Cost - Building & Improvement | 28,141,501 | |||
Subsequent to Acquisition | 2,486,761 | |||
Land | 5,259,542 | |||
Building & Improvement | 30,628,262 | |||
The company's investment | 35,887,804 | |||
Accumulated Depreciation | 4,422,498 | |||
Total Cost, Net of Accumulated Depreciation | 31,465,306 | |||
Encumbrances | ||||
Mount Prospect Center [Member] | ||||
Initial Cost - Land | 1,017,345 | |||
Initial Cost - Building & Improvement | 6,572,176 | |||
Subsequent to Acquisition | 4,047,329 | |||
Land | 1,017,345 | |||
Building & Improvement | 10,619,505 | |||
The company's investment | 11,636,850 | |||
Accumulated Depreciation | 5,762,647 | |||
Total Cost, Net of Accumulated Depreciation | 5,874,203 | |||
Encumbrances | ||||
Mundelein Shopping Center [Member] | ||||
Initial Cost - Land | 1,127,720 | |||
Initial Cost - Building & Improvement | 5,826,129 | |||
Subsequent to Acquisition | 136,968 | |||
Land | 1,129,634 | |||
Building & Improvement | 5,961,183 | |||
The company's investment | 7,090,817 | |||
Accumulated Depreciation | 2,800,456 | |||
Total Cost, Net of Accumulated Depreciation | 4,290,361 | |||
Encumbrances | ||||
Marketplace of Oaklawn [Member] | ||||
Initial Cost - Land | ||||
Initial Cost - Building & Improvement | 678,668 | |||
Subsequent to Acquisition | 108,483 | |||
Land | ||||
Building & Improvement | 787,151 | |||
The company's investment | 787,151 | |||
Accumulated Depreciation | 714,718 | |||
Total Cost, Net of Accumulated Depreciation | 72,433 | |||
Encumbrances | ||||
Oak Lawn Center [Member] | ||||
Initial Cost - Land | 1,530,111 | |||
Initial Cost - Building & Improvement | 8,776,631 | |||
Subsequent to Acquisition | 666,590 | |||
Land | 1,530,111 | |||
Building & Improvement | 9,443,221 | |||
The company's investment | 10,973,332 | |||
Accumulated Depreciation | 4,656,435 | |||
Total Cost, Net of Accumulated Depreciation | 6,316,897 | |||
Encumbrances | ||||
The 22nd Street Plaza [Member] | ||||
Initial Cost - Land | 1,527,188 | |||
Initial Cost - Building & Improvement | 8,679,108 | |||
Subsequent to Acquisition | 4,081,004 | |||
Land | 1,527,188 | |||
Building & Improvement | 12,760,112 | |||
The company's investment | 14,287,300 | |||
Accumulated Depreciation | 5,611,968 | |||
Total Cost, Net of Accumulated Depreciation | 8,675,332 | |||
Encumbrances | ||||
Rockford Crossings [Member] | ||||
Initial Cost - Land | 4,575,990 | |||
Initial Cost - Building & Improvement | 11,654,022 | |||
Subsequent to Acquisition | (2,628,093) | |||
Land | 3,816,080 | |||
Building & Improvement | 9,785,839 | |||
The company's investment | 13,601,919 | |||
Accumulated Depreciation | 3,208,253 | |||
Total Cost, Net of Accumulated Depreciation | 10,393,666 | |||
Encumbrances | ||||
Skokie Pointe [Member] | ||||
Initial Cost - Land | ||||
Initial Cost - Building & Improvement | 2,276,360 | |||
Subsequent to Acquisition | 9,487,443 | |||
Land | 2,628,440 | |||
Building & Improvement | 9,135,363 | |||
The company's investment | 11,763,803 | |||
Accumulated Depreciation | 3,686,787 | |||
Total Cost, Net of Accumulated Depreciation | 8,077,016 | |||
Encumbrances | ||||
Hawthorn Hills Square [Member] | ||||
Initial Cost - Land | 6,783,928 | |||
Initial Cost - Building & Improvement | 33,033,624 | |||
Subsequent to Acquisition | 4,028,883 | |||
Land | 6,783,928 | |||
Building & Improvement | 37,062,507 | |||
The company's investment | 43,846,435 | |||
Accumulated Depreciation | 6,266,665 | |||
Total Cost, Net of Accumulated Depreciation | 37,579,770 | |||
Encumbrances | 19,375,231 | |||
Woodgrove Festival [Member] | ||||
Initial Cost - Land | 5,049,149 | |||
Initial Cost - Building & Improvement | 20,822,993 | |||
Subsequent to Acquisition | 5,130,768 | |||
Land | 4,805,866 | |||
Building & Improvement | 26,197,044 | |||
The company's investment | 31,002,910 | |||
Accumulated Depreciation | 12,562,704 | |||
Total Cost, Net of Accumulated Depreciation | 18,440,206 | |||
Encumbrances | ||||
Grove Parcel [Member] | ||||
Initial Cost - Land | 907,291 | |||
Initial Cost - Building & Improvement | 2,240,810 | |||
Subsequent to Acquisition | ||||
Land | 907,291 | |||
Building & Improvement | 2,240,810 | |||
The company's investment | 3,148,101 | |||
Accumulated Depreciation | 216,402 | |||
Total Cost, Net of Accumulated Depreciation | 2,931,699 | |||
Encumbrances | ||||
Woodridge Pad [Member] | ||||
Initial Cost - Land | 702,757 | |||
Initial Cost - Building & Improvement | 1,746,223 | |||
Subsequent to Acquisition | ||||
Land | 702,757 | |||
Building & Improvement | 1,746,223 | |||
The company's investment | 2,448,980 | |||
Accumulated Depreciation | 81,704 | |||
Total Cost, Net of Accumulated Depreciation | 2,367,276 | |||
Encumbrances | ||||
Greenwood S.C. [Member] | ||||
Initial Cost - Land | 423,371 | |||
Initial Cost - Building & Improvement | 1,883,421 | |||
Subsequent to Acquisition | 10,388,475 | |||
Land | 1,801,822 | |||
Building & Improvement | 10,893,445 | |||
The company's investment | 12,695,267 | |||
Accumulated Depreciation | 4,145,861 | |||
Total Cost, Net of Accumulated Depreciation | 8,549,406 | |||
Encumbrances | ||||
South Park S.C. [Member] | ||||
Initial Cost - Land | 1,675,031 | |||
Initial Cost - Building & Improvement | 6,848,209 | |||
Subsequent to Acquisition | 6,362,777 | |||
Land | 1,551,079 | |||
Building & Improvement | 13,334,938 | |||
The company's investment | 14,886,017 | |||
Accumulated Depreciation | 7,913,763 | |||
Total Cost, Net of Accumulated Depreciation | 6,972,254 | |||
Encumbrances | ||||
Centre at Westbank [Member] | ||||
Initial Cost - Land | 9,554,230 | |||
Initial Cost - Building & Improvement | 24,401,082 | |||
Subsequent to Acquisition | 1,070,226 | |||
Land | 9,329,880 | |||
Building & Improvement | 25,695,658 | |||
The company's investment | 35,025,538 | |||
Accumulated Depreciation | 8,296,073 | |||
Total Cost, Net of Accumulated Depreciation | 26,729,465 | |||
Encumbrances | 18,533,743 | |||
Ambassador Plaza [Member] | ||||
Initial Cost - Land | 1,803,672 | |||
Initial Cost - Building & Improvement | 4,260,966 | |||
Subsequent to Acquisition | 251,561 | |||
Land | 1,796,972 | |||
Building & Improvement | 4,519,227 | |||
The company's investment | 6,316,199 | |||
Accumulated Depreciation | 1,186,224 | |||
Total Cost, Net of Accumulated Depreciation | 5,129,975 | |||
Encumbrances | 4,374,638 | |||
East Side Plaza [Member] | ||||
Initial Cost - Land | 3,295,799 | |||
Initial Cost - Building & Improvement | 7,785,942 | |||
Subsequent to Acquisition | 180,773 | |||
Land | 3,295,635 | |||
Building & Improvement | 7,966,879 | |||
The company's investment | 11,262,514 | |||
Accumulated Depreciation | 2,197,127 | |||
Total Cost, Net of Accumulated Depreciation | 9,065,387 | |||
Encumbrances | ||||
Abington Plaza [Member] | ||||
Initial Cost - Land | 10,457,183 | |||
Initial Cost - Building & Improvement | 494,652 | |||
Subsequent to Acquisition | ||||
Land | 10,457,183 | |||
Building & Improvement | 494,652 | |||
The company's investment | 10,951,835 | |||
Accumulated Depreciation | 89,429 | |||
Total Cost, Net of Accumulated Depreciation | 10,862,406 | |||
Encumbrances | 4,387,721 | |||
Washington St. Plaza [Member] | ||||
Initial Cost - Land | 11,007,593 | |||
Initial Cost - Building & Improvement | 5,652,368 | |||
Subsequent to Acquisition | 8,851,085 | |||
Land | 12,957,593 | |||
Building & Improvement | 12,553,453 | |||
The company's investment | 25,511,046 | |||
Accumulated Depreciation | 878,925 | |||
Total Cost, Net of Accumulated Depreciation | 24,632,121 | |||
Encumbrances | 5,914,448 | |||
Memorial Plaza [Member] | ||||
Initial Cost - Land | 16,411,388 | |||
Initial Cost - Building & Improvement | 27,553,908 | |||
Subsequent to Acquisition | 323,380 | |||
Land | 16,411,388 | |||
Building & Improvement | 27,877,288 | |||
The company's investment | 44,288,676 | |||
Accumulated Depreciation | 2,467,356 | |||
Total Cost, Net of Accumulated Depreciation | 41,821,320 | |||
Encumbrances | 16,309,360 | |||
Main St. Plaza [Member] | ||||
Initial Cost - Land | 555,898 | |||
Initial Cost - Building & Improvement | 2,139,494 | |||
Subsequent to Acquisition | ||||
Land | 555,898 | |||
Building & Improvement | 2,139,494 | |||
The company's investment | 2,695,392 | |||
Accumulated Depreciation | 215,377 | |||
Total Cost, Net of Accumulated Depreciation | 2,480,015 | |||
Encumbrances | 1,375,084 | |||
Morrissey Plaza [Member] | ||||
Initial Cost - Land | 4,097,251 | |||
Initial Cost - Building & Improvement | 3,751,068 | |||
Subsequent to Acquisition | ||||
Land | 4,097,251 | |||
Building & Improvement | 3,751,068 | |||
The company's investment | 7,848,319 | |||
Accumulated Depreciation | 505,455 | |||
Total Cost, Net of Accumulated Depreciation | 7,342,864 | |||
Encumbrances | 3,150,546 | |||
Glendale Square [Member] | ||||
Initial Cost - Land | 4,698,891 | |||
Initial Cost - Building & Improvement | 7,141,090 | |||
Subsequent to Acquisition | 133,070 | |||
Land | 4,698,891 | |||
Building & Improvement | 7,274,160 | |||
The company's investment | 11,973,051 | |||
Accumulated Depreciation | 920,547 | |||
Total Cost, Net of Accumulated Depreciation | 11,052,504 | |||
Encumbrances | 5,647,196 | |||
Falmouth Plaza [Member] | ||||
Initial Cost - Land | 2,361,071 | |||
Initial Cost - Building & Improvement | 13,065,817 | |||
Subsequent to Acquisition | 334,684 | |||
Land | 2,361,071 | |||
Building & Improvement | 13,400,501 | |||
The company's investment | 15,761,572 | |||
Accumulated Depreciation | 1,276,155 | |||
Total Cost, Net of Accumulated Depreciation | 14,485,417 | |||
Encumbrances | 7,946,761 | |||
Waverly Plaza [Member] | ||||
Initial Cost - Land | 1,215,005 | |||
Initial Cost - Building & Improvement | 3,622,911 | |||
Subsequent to Acquisition | 5,426 | |||
Land | 1,203,205 | |||
Building & Improvement | 3,640,137 | |||
The company's investment | 4,843,342 | |||
Accumulated Depreciation | 443,908 | |||
Total Cost, Net of Accumulated Depreciation | 4,399,434 | |||
Encumbrances | 2,317,720 | |||
Barrington Plaza S.C. [Member] | ||||
Initial Cost - Land | 642,170 | |||
Initial Cost - Building & Improvement | 2,547,830 | |||
Subsequent to Acquisition | 7,667,513 | |||
Land | 751,124 | |||
Building & Improvement | 10,106,389 | |||
The company's investment | 10,857,513 | |||
Accumulated Depreciation | 4,923,540 | |||
Total Cost, Net of Accumulated Depreciation | 5,933,973 | |||
Encumbrances | ||||
Festival of Hyannis S.C. [Member] | ||||
Initial Cost - Land | 15,038,197 | |||
Initial Cost - Building & Improvement | 40,682,853 | |||
Subsequent to Acquisition | 948,247 | |||
Land | 15,038,197 | |||
Building & Improvement | 41,631,100 | |||
The company's investment | 56,669,297 | |||
Accumulated Depreciation | 5,524,945 | |||
Total Cost, Net of Accumulated Depreciation | 51,144,352 | |||
Encumbrances | ||||
Fellsway Plaza [Member] | ||||
Initial Cost - Land | 5,300,388 | |||
Initial Cost - Building & Improvement | 11,013,543 | |||
Subsequent to Acquisition | 92,558 | |||
Land | 5,300,388 | |||
Building & Improvement | 11,106,101 | |||
The company's investment | 16,406,489 | |||
Accumulated Depreciation | 1,145,971 | |||
Total Cost, Net of Accumulated Depreciation | 15,260,518 | |||
Encumbrances | 6,742,131 | |||
Del Alba Plaza [Member] | ||||
Initial Cost - Land | 3,163,033 | |||
Initial Cost - Building & Improvement | 8,967,874 | |||
Subsequent to Acquisition | 19,995 | |||
Land | 3,163,033 | |||
Building & Improvement | 8,987,869 | |||
The company's investment | 12,150,902 | |||
Accumulated Depreciation | 665,099 | |||
Total Cost, Net of Accumulated Depreciation | 11,485,803 | |||
Encumbrances | 7,942,609 | |||
North Quincy Plaza [Member] | ||||
Initial Cost - Land | 6,332,542 | |||
Initial Cost - Building & Improvement | 17,954,110 | |||
Subsequent to Acquisition | (782,383) | |||
Land | 3,894,436 | |||
Building & Improvement | 19,609,833 | |||
The company's investment | 23,504,269 | |||
Accumulated Depreciation | 1,591,805 | |||
Total Cost, Net of Accumulated Depreciation | 21,912,464 | |||
Encumbrances | ||||
Adams Plaza [Member] | ||||
Initial Cost - Land | 2,089,363 | |||
Initial Cost - Building & Improvement | 3,226,648 | |||
Subsequent to Acquisition | 248,359 | |||
Land | 2,089,363 | |||
Building & Improvement | 3,475,007 | |||
The company's investment | 5,564,370 | |||
Accumulated Depreciation | 307,934 | |||
Total Cost, Net of Accumulated Depreciation | 5,256,436 | |||
Encumbrances | 1,870,765 | |||
Broadway Plaza [Member] | ||||
Initial Cost - Land | 6,485,065 | |||
Initial Cost - Building & Improvement | 343,422 | |||
Subsequent to Acquisition | ||||
Land | 6,485,065 | |||
Building & Improvement | 343,422 | |||
The company's investment | 6,828,487 | |||
Accumulated Depreciation | 67,420 | |||
Total Cost, Net of Accumulated Depreciation | 6,761,067 | |||
Encumbrances | 2,870,966 | |||
Shrewsbury S.C. [Member] | ||||
Initial Cost - Land | 1,284,168 | |||
Initial Cost - Building & Improvement | 5,284,853 | |||
Subsequent to Acquisition | 5,466,855 | |||
Land | 1,284,168 | |||
Building & Improvement | 10,751,708 | |||
The company's investment | 12,035,876 | |||
Accumulated Depreciation | 4,277,257 | |||
Total Cost, Net of Accumulated Depreciation | 7,758,619 | |||
Encumbrances | ||||
Vinnin Square Plaza [Member] | ||||
Initial Cost - Land | 5,545,425 | |||
Initial Cost - Building & Improvement | 16,324,060 | |||
Subsequent to Acquisition | (214,252) | |||
Land | 5,545,425 | |||
Building & Improvement | 16,109,808 | |||
The company's investment | 21,655,233 | |||
Accumulated Depreciation | 2,032,293 | |||
Total Cost, Net of Accumulated Depreciation | 19,622,940 | |||
Encumbrances | 9,173,706 | |||
Paradise Plaza [Member] | ||||
Initial Cost - Land | 4,183,038 | |||
Initial Cost - Building & Improvement | 12,194,885 | |||
Subsequent to Acquisition | 536,224 | |||
Land | 4,183,038 | |||
Building & Improvement | 12,731,109 | |||
The company's investment | 16,914,147 | |||
Accumulated Depreciation | 1,470,800 | |||
Total Cost, Net of Accumulated Depreciation | 15,443,347 | |||
Encumbrances | 8,865,650 | |||
Belmont Plaza [Member] | ||||
Initial Cost - Land | 11,104,983 | |||
Initial Cost - Building & Improvement | 848,844 | |||
Subsequent to Acquisition | ||||
Land | 11,104,983 | |||
Building & Improvement | 848,844 | |||
The company's investment | 11,953,827 | |||
Accumulated Depreciation | 112,244 | |||
Total Cost, Net of Accumulated Depreciation | 11,841,583 | |||
Encumbrances | 5,237,954 | |||
Vinnin Square In-line [Member] | ||||
Initial Cost - Land | 582,228 | |||
Initial Cost - Building & Improvement | 2,094,560 | |||
Subsequent to Acquisition | (109,616) | |||
Land | 582,228 | |||
Building & Improvement | 1,984,944 | |||
The company's investment | 2,567,172 | |||
Accumulated Depreciation | 196,341 | |||
Total Cost, Net of Accumulated Depreciation | 2,370,831 | |||
Encumbrances | ||||
Linden Plaza [Member] | ||||
Initial Cost - Land | 4,628,215 | |||
Initial Cost - Building & Improvement | 3,535,431 | |||
Subsequent to Acquisition | 437,334 | |||
Land | 4,628,215 | |||
Building & Improvement | 3,972,765 | |||
The company's investment | 8,600,980 | |||
Accumulated Depreciation | 555,369 | |||
Total Cost, Net of Accumulated Depreciation | 8,045,611 | |||
Encumbrances | 3,527,131 | |||
North Ave. Plaza [Member] | ||||
Initial Cost - Land | 1,163,875 | |||
Initial Cost - Building & Improvement | 1,194,673 | |||
Subsequent to Acquisition | 15,933 | |||
Land | 1,163,875 | |||
Building & Improvement | 1,210,606 | |||
The company's investment | 2,374,481 | |||
Accumulated Depreciation | 149,740 | |||
Total Cost, Net of Accumulated Depreciation | 2,224,741 | |||
Encumbrances | 897,489 | |||
Washington St. S.C. [Member] | ||||
Initial Cost - Land | 7,380,918 | |||
Initial Cost - Building & Improvement | 9,987,119 | |||
Subsequent to Acquisition | 391,907 | |||
Land | 7,380,918 | |||
Building & Improvement | 10,379,026 | |||
The company's investment | 17,759,944 | |||
Accumulated Depreciation | 887,059 | |||
Total Cost, Net of Accumulated Depreciation | 16,872,885 | |||
Encumbrances | 6,286,514 | |||
Mill St. Plaza [Member] | ||||
Initial Cost - Land | 4,195,024 | |||
Initial Cost - Building & Improvement | 6,203,410 | |||
Subsequent to Acquisition | 205,071 | |||
Land | 4,195,024 | |||
Building & Improvement | 6,408,481 | |||
The company's investment | 10,603,505 | |||
Accumulated Depreciation | 821,636 | |||
Total Cost, Net of Accumulated Depreciation | 9,781,869 | |||
Encumbrances | 4,110,675 | |||
Fullerton Plaza [Member] | ||||
Initial Cost - Land | 14,237,901 | |||
Initial Cost - Building & Improvement | 6,743,980 | |||
Subsequent to Acquisition | (352,777) | |||
Land | 14,237,901 | |||
Building & Improvement | 6,391,203 | |||
The company's investment | 20,629,104 | |||
Accumulated Depreciation | 855,593 | |||
Total Cost, Net of Accumulated Depreciation | 19,773,511 | |||
Encumbrances | 12,551,399 | |||
Greenbrier S.C. [Member] | ||||
Initial Cost - Land | 8,891,468 | |||
Initial Cost - Building & Improvement | 30,304,760 | |||
Subsequent to Acquisition | (48,812) | |||
Land | 8,891,468 | |||
Building & Improvement | 30,255,948 | |||
The company's investment | 39,147,416 | |||
Accumulated Depreciation | 2,842,793 | |||
Total Cost, Net of Accumulated Depreciation | 36,304,623 | |||
Encumbrances | 12,488,817 | |||
Ingleside S.C. [Member] | ||||
Initial Cost - Land | 10,416,726 | |||
Initial Cost - Building & Improvement | 17,889,235 | |||
Subsequent to Acquisition | (156,601) | |||
Land | 10,416,726 | |||
Building & Improvement | 17,732,634 | |||
The company's investment | 28,149,360 | |||
Accumulated Depreciation | 2,186,844 | |||
Total Cost, Net of Accumulated Depreciation | 25,962,516 | |||
Encumbrances | 19,320,814 | |||
Rolling Road Plaza [Member] | ||||
Initial Cost - Land | 2,510,395 | |||
Initial Cost - Building & Improvement | 11,930,217 | |||
Subsequent to Acquisition | (82,994) | |||
Land | 2,508,715 | |||
Building & Improvement | 11,848,903 | |||
The company's investment | 14,357,618 | |||
Accumulated Depreciation | 904,646 | |||
Total Cost, Net of Accumulated Depreciation | 13,452,972 | |||
Encumbrances | ||||
Security Square Shopping Ctr. [Member] | ||||
Initial Cost - Land | 5,342,463 | |||
Initial Cost - Building & Improvement | 15,147,024 | |||
Subsequent to Acquisition | (3,355,446) | |||
Land | 4,572,639 | |||
Building & Improvement | 12,561,402 | |||
The company's investment | 17,134,041 | |||
Accumulated Depreciation | 1,269,556 | |||
Total Cost, Net of Accumulated Depreciation | 15,864,485 | |||
Encumbrances | 16,221,870 | |||
Wilkens Beltway Plaza [Member] | ||||
Initial Cost - Land | 9,948,235 | |||
Initial Cost - Building & Improvement | 22,125,942 | |||
Subsequent to Acquisition | 147,794 | |||
Land | 9,948,235 | |||
Building & Improvement | 22,273,736 | |||
The company's investment | 32,221,971 | |||
Accumulated Depreciation | 2,730,525 | |||
Total Cost, Net of Accumulated Depreciation | 29,491,446 | |||
Encumbrances | ||||
York Road Plaza [Member] | ||||
Initial Cost - Land | 4,276,715 | |||
Initial Cost - Building & Improvement | 37,205,757 | |||
Subsequent to Acquisition | 29,473 | |||
Land | 4,276,715 | |||
Building & Improvement | 37,235,230 | |||
The company's investment | 41,511,945 | |||
Accumulated Depreciation | 3,247,427 | |||
Total Cost, Net of Accumulated Depreciation | 38,264,518 | |||
Encumbrances | ||||
Putty Hill Plaza [Member] | ||||
Initial Cost - Land | 4,192,152 | |||
Initial Cost - Building & Improvement | 11,112,111 | |||
Subsequent to Acquisition | 456,319 | |||
Land | 4,192,152 | |||
Building & Improvement | 11,568,430 | |||
The company's investment | 15,760,582 | |||
Accumulated Depreciation | 2,153,516 | |||
Total Cost, Net of Accumulated Depreciation | 13,607,066 | |||
Encumbrances | ||||
Snowden Square S.C. [Member] | ||||
Initial Cost - Land | 1,929,402 | |||
Initial Cost - Building & Improvement | 4,557,934 | |||
Subsequent to Acquisition | 5,155,349 | |||
Land | 3,326,422 | |||
Building & Improvement | 8,316,263 | |||
The company's investment | 11,642,685 | |||
Accumulated Depreciation | 1,213,234 | |||
Total Cost, Net of Accumulated Depreciation | 10,429,451 | |||
Encumbrances | ||||
Columbia Crossing [Member] | ||||
Initial Cost - Land | 3,612,550 | |||
Initial Cost - Building & Improvement | 34,344,509 | |||
Subsequent to Acquisition | 159,554 | |||
Land | 3,612,550 | |||
Building & Improvement | 34,504,063 | |||
The company's investment | 38,116,613 | |||
Accumulated Depreciation | 2,323,495 | |||
Total Cost, Net of Accumulated Depreciation | 35,793,118 | |||
Encumbrances | ||||
Dorsey's Search Village Center [Member] | ||||
Initial Cost - Land | 6,321,963 | |||
Initial Cost - Building & Improvement | 27,996,087 | |||
Subsequent to Acquisition | (33,532) | |||
Land | 6,321,963 | |||
Building & Improvement | 27,962,555 | |||
The company's investment | 34,284,518 | |||
Accumulated Depreciation | 1,673,230 | |||
Total Cost, Net of Accumulated Depreciation | 32,611,288 | |||
Encumbrances | ||||
Hickory Ridge [Member] | ||||
Initial Cost - Land | 7,183,646 | |||
Initial Cost - Building & Improvement | 26,947,776 | |||
Subsequent to Acquisition | 469,483 | |||
Land | 7,183,646 | |||
Building & Improvement | 27,417,259 | |||
The company's investment | 34,600,905 | |||
Accumulated Depreciation | 2,333,408 | |||
Total Cost, Net of Accumulated Depreciation | 32,267,497 | |||
Encumbrances | ||||
Hickory Ridge (Sunoco) [Member] | ||||
Initial Cost - Land | 543,197 | |||
Initial Cost - Building & Improvement | 2,122,234 | |||
Subsequent to Acquisition | ||||
Land | 543,197 | |||
Building & Improvement | 2,122,234 | |||
The company's investment | 2,665,431 | |||
Accumulated Depreciation | 174,802 | |||
Total Cost, Net of Accumulated Depreciation | 2,490,629 | |||
Encumbrances | ||||
King's Contrivance [Member] | ||||
Initial Cost - Land | 9,308,349 | |||
Initial Cost - Building & Improvement | 31,759,940 | |||
Subsequent to Acquisition | 289,751 | |||
Land | 9,308,349 | |||
Building & Improvement | 32,049,691 | |||
The company's investment | 41,358,040 | |||
Accumulated Depreciation | 2,880,736 | |||
Total Cost, Net of Accumulated Depreciation | 38,477,304 | |||
Encumbrances | 23,036,820 | |||
Harper's Choice [Member] | ||||
Initial Cost - Land | 8,429,284 | |||
Initial Cost - Building & Improvement | 18,373,994 | |||
Subsequent to Acquisition | 246,478 | |||
Land | 8,429,284 | |||
Building & Improvement | 18,620,472 | |||
The company's investment | 27,049,756 | |||
Accumulated Depreciation | 1,475,298 | |||
Total Cost, Net of Accumulated Depreciation | 25,574,458 | |||
Encumbrances | ||||
Wilde Lake [Member] | ||||
Initial Cost - Land | 1,468,038 | |||
Initial Cost - Building & Improvement | 5,869,862 | |||
Subsequent to Acquisition | 22,579,270 | |||
Land | 2,577,073 | |||
Building & Improvement | 27,340,097 | |||
The company's investment | 29,917,170 | |||
Accumulated Depreciation | 8,351,586 | |||
Total Cost, Net of Accumulated Depreciation | 21,565,584 | |||
Encumbrances | ||||
Riverhill Village Center [Member] | ||||
Initial Cost - Land | 16,825,496 | |||
Initial Cost - Building & Improvement | 23,282,222 | |||
Subsequent to Acquisition | 156,233 | |||
Land | 16,825,496 | |||
Building & Improvement | 23,438,455 | |||
The company's investment | 40,263,951 | |||
Accumulated Depreciation | 2,955,172 | |||
Total Cost, Net of Accumulated Depreciation | 37,308,779 | |||
Encumbrances | 22,686,843 | |||
Old Branch Plaza [Member] | ||||
Initial Cost - Land | 39,779 | |||
Initial Cost - Building & Improvement | 130,716 | |||
Subsequent to Acquisition | 2,026,165 | |||
Land | 121,747 | |||
Building & Improvement | 2,074,913 | |||
The company's investment | 2,196,660 | |||
Accumulated Depreciation | 246,706 | |||
Total Cost, Net of Accumulated Depreciation | 1,949,954 | |||
Encumbrances | ||||
Columbia Crossing Outparcels [Member] | ||||
Initial Cost - Land | 1,279,200 | |||
Initial Cost - Building & Improvement | 2,870,800 | |||
Subsequent to Acquisition | 13,977,613 | |||
Land | 4,597,200 | |||
Building & Improvement | 13,530,413 | |||
The company's investment | 18,127,613 | |||
Accumulated Depreciation | 1,993,683 | |||
Total Cost, Net of Accumulated Depreciation | 16,133,930 | |||
Encumbrances | ||||
Columbia Crossing II Shop Ctr, [Member] | ||||
Initial Cost - Land | 3,137,628 | |||
Initial Cost - Building & Improvement | 19,868,075 | |||
Subsequent to Acquisition | 2,625,989 | |||
Land | 3,137,628 | |||
Building & Improvement | 22,494,064 | |||
The company's investment | 25,631,692 | |||
Accumulated Depreciation | 3,667,910 | |||
Total Cost, Net of Accumulated Depreciation | 21,963,782 | |||
Encumbrances | ||||
Shops at District Heights [Member] | ||||
Initial Cost - Land | 8,165,638 | |||
Initial Cost - Building & Improvement | 21,970,661 | |||
Subsequent to Acquisition | (1,396,775) | |||
Land | 7,298,215 | |||
Building & Improvement | 21,441,309 | |||
The company's investment | 28,739,524 | |||
Accumulated Depreciation | 754,538 | |||
Total Cost, Net of Accumulated Depreciation | 27,984,986 | |||
Encumbrances | 14,005,190 | |||
Enchanted Forest S.C. [Member] | ||||
Initial Cost - Land | 20,123,946 | |||
Initial Cost - Building & Improvement | 34,345,102 | |||
Subsequent to Acquisition | 145,118 | |||
Land | 20,123,946 | |||
Building & Improvement | 34,490,220 | |||
The company's investment | 54,614,166 | |||
Accumulated Depreciation | 4,157,739 | |||
Total Cost, Net of Accumulated Depreciation | 50,456,427 | |||
Encumbrances | ||||
Shoppes at Easton [Member] | ||||
Initial Cost - Land | 6,523,713 | |||
Initial Cost - Building & Improvement | 16,402,204 | |||
Subsequent to Acquisition | 93,697 | |||
Land | 6,523,713 | |||
Building & Improvement | 16,495,901 | |||
The company's investment | 23,019,614 | |||
Accumulated Depreciation | 1,549,799 | |||
Total Cost, Net of Accumulated Depreciation | 21,469,815 | |||
Encumbrances | ||||
Villages at Urbana [Member] | ||||
Initial Cost - Land | 3,190,074 | |||
Initial Cost - Building & Improvement | 6,067 | |||
Subsequent to Acquisition | 13,493,944 | |||
Land | 4,828,774 | |||
Building & Improvement | 11,861,311 | |||
The company's investment | 16,690,085 | |||
Accumulated Depreciation | 1,531,750 | |||
Total Cost, Net of Accumulated Depreciation | 15,158,335 | |||
Encumbrances | ||||
Gaithersburg S.C. [Member] | ||||
Initial Cost - Land | 244,890 | |||
Initial Cost - Building & Improvement | 6,787,534 | |||
Subsequent to Acquisition | 384,231 | |||
Land | 244,890 | |||
Building & Improvement | 7,171,765 | |||
The company's investment | 7,416,655 | |||
Accumulated Depreciation | 3,110,363 | |||
Total Cost, Net of Accumulated Depreciation | 4,306,292 | |||
Encumbrances | ||||
Kentlands Market Square [Member] | ||||
Initial Cost - Land | 20,167,048 | |||
Initial Cost - Building & Improvement | 84,615,052 | |||
Subsequent to Acquisition | ||||
Land | 20,167,048 | |||
Building & Improvement | 84,615,052 | |||
The company's investment | 104,782,100 | |||
Accumulated Depreciation | 1,569,436 | |||
Total Cost, Net of Accumulated Depreciation | 103,212,664 | |||
Encumbrances | 34,521,793 | |||
Shawan Plaza [Member] | ||||
Initial Cost - Land | 4,466,000 | |||
Initial Cost - Building & Improvement | 20,222,367 | |||
Subsequent to Acquisition | (1,451,885) | |||
Land | 4,466,000 | |||
Building & Improvement | 18,770,482 | |||
The company's investment | 23,236,482 | |||
Accumulated Depreciation | 10,346,400 | |||
Total Cost, Net of Accumulated Depreciation | 12,890,082 | |||
Encumbrances | 4,270,079 | |||
Laurel Plaza [Member] | ||||
Initial Cost - Land | 349,562 | |||
Initial Cost - Building & Improvement | 1,398,250 | |||
Subsequent to Acquisition | 3,704,961 | |||
Land | 1,571,288 | |||
Building & Improvement | 3,881,485 | |||
The company's investment | 5,452,773 | |||
Accumulated Depreciation | 1,731,567 | |||
Total Cost, Net of Accumulated Depreciation | 3,721,206 | |||
Encumbrances | ||||
Laurel Plaza 2 [Member] | ||||
Initial Cost - Land | 274,580 | |||
Initial Cost - Building & Improvement | 1,100,968 | |||
Subsequent to Acquisition | 173,969 | |||
Land | 274,580 | |||
Building & Improvement | 1,274,937 | |||
The company's investment | 1,549,517 | |||
Accumulated Depreciation | 1,156,349 | |||
Total Cost, Net of Accumulated Depreciation | 393,168 | |||
Encumbrances | ||||
North East Station [Member] | ||||
Initial Cost - Land | 8,219,613 | |||
Initial Cost - Building & Improvement | 9,536,990 | |||
Subsequent to Acquisition | (4,446,037) | |||
Land | 5,593,160 | |||
Building & Improvement | 7,717,406 | |||
The company's investment | 13,310,566 | |||
Accumulated Depreciation | 1,127,040 | |||
Total Cost, Net of Accumulated Depreciation | 12,183,526 | |||
Encumbrances | 8,276,083 | |||
Owings Mills Theater/Restaurants [Member] | ||||
Initial Cost - Land | 23,378,543 | |||
Initial Cost - Building & Improvement | 1,089,760 | |||
Subsequent to Acquisition | 16,500,314 | |||
Land | 39,856,836 | |||
Building & Improvement | 1,111,781 | |||
The company's investment | 40,968,617 | |||
Accumulated Depreciation | 67,754 | |||
Total Cost, Net of Accumulated Depreciation | 40,900,863 | |||
Encumbrances | ||||
Centre Court - Retail/Bank [Member] | ||||
Initial Cost - Land | 1,035,359 | |||
Initial Cost - Building & Improvement | 7,785,830 | |||
Subsequent to Acquisition | (76,204) | |||
Land | 1,035,359 | |||
Building & Improvement | 7,709,626 | |||
The company's investment | 8,744,985 | |||
Accumulated Depreciation | 1,175,696 | |||
Total Cost, Net of Accumulated Depreciation | 7,569,289 | |||
Encumbrances | 1,907,905 | |||
Centre Court - Giant [Member] | ||||
Initial Cost - Land | 3,854,099 | |||
Initial Cost - Building & Improvement | 12,769,628 | |||
Subsequent to Acquisition | ||||
Land | 3,854,099 | |||
Building & Improvement | 12,769,628 | |||
The company's investment | 16,623,727 | |||
Accumulated Depreciation | 2,045,590 | |||
Total Cost, Net of Accumulated Depreciation | 14,578,137 | |||
Encumbrances | 6,208,957 | |||
Centre Court - Old Court/Courtyard [Member] | ||||
Initial Cost - Land | 2,279,177 | |||
Initial Cost - Building & Improvement | 5,284,577 | |||
Subsequent to Acquisition | (177) | |||
Land | 2,279,177 | |||
Building & Improvement | 5,284,400 | |||
The company's investment | 7,563,577 | |||
Accumulated Depreciation | 913,182 | |||
Total Cost, Net of Accumulated Depreciation | 6,650,395 | |||
Encumbrances | ||||
Radcliffe Center [Member] | ||||
Initial Cost - Land | 12,042,713 | |||
Initial Cost - Building & Improvement | 21,187,946 | |||
Subsequent to Acquisition | ||||
Land | 12,042,713 | |||
Building & Improvement | 21,187,946 | |||
The company's investment | 33,230,659 | |||
Accumulated Depreciation | 2,067,536 | |||
Total Cost, Net of Accumulated Depreciation | 31,163,123 | |||
Encumbrances | ||||
Timonium Crossing [Member] | ||||
Initial Cost - Land | 2,525,377 | |||
Initial Cost - Building & Improvement | 14,862,817 | |||
Subsequent to Acquisition | 339,960 | |||
Land | 2,525,377 | |||
Building & Improvement | 15,202,777 | |||
The company's investment | 17,728,154 | |||
Accumulated Depreciation | 1,626,614 | |||
Total Cost, Net of Accumulated Depreciation | 16,101,540 | |||
Encumbrances | 14,623,506 | |||
Timonium Square [Member] | ||||
Initial Cost - Land | 6,000,000 | |||
Initial Cost - Building & Improvement | 24,282,998 | |||
Subsequent to Acquisition | 14,483,175 | |||
Land | 7,331,195 | |||
Building & Improvement | 37,434,978 | |||
The company's investment | 44,766,173 | |||
Accumulated Depreciation | 15,649,683 | |||
Total Cost, Net of Accumulated Depreciation | 29,116,490 | |||
Encumbrances | ||||
Towson Place [Member] | ||||
Initial Cost - Land | 43,886,876 | |||
Initial Cost - Building & Improvement | 101,764,931 | |||
Subsequent to Acquisition | 613,012 | |||
Land | 43,270,792 | |||
Building & Improvement | 102,994,027 | |||
The company's investment | 146,264,819 | |||
Accumulated Depreciation | 16,147,159 | |||
Total Cost, Net of Accumulated Depreciation | 130,117,660 | |||
Encumbrances | ||||
Mallside Plaza [Member] | ||||
Initial Cost - Land | 6,930,996 | |||
Initial Cost - Building & Improvement | 18,148,727 | |||
Subsequent to Acquisition | (1,781,449) | |||
Land | 5,956,485 | |||
Building & Improvement | 17,341,789 | |||
The company's investment | 23,298,274 | |||
Accumulated Depreciation | 6,672,789 | |||
Total Cost, Net of Accumulated Depreciation | 16,625,485 | |||
Encumbrances | ||||
White Lake Commons [Member] | ||||
Initial Cost - Land | 2,300,050 | |||
Initial Cost - Building & Improvement | 9,249,607 | |||
Subsequent to Acquisition | 3,264,058 | |||
Land | 2,300,050 | |||
Building & Improvement | 12,513,665 | |||
The company's investment | 14,813,715 | |||
Accumulated Depreciation | 6,292,985 | |||
Total Cost, Net of Accumulated Depreciation | 8,520,730 | |||
Encumbrances | ||||
Downtown Farmington Center [Member] | ||||
Initial Cost - Land | 1,098,426 | |||
Initial Cost - Building & Improvement | 4,525,723 | |||
Subsequent to Acquisition | 4,277,242 | |||
Land | 1,098,426 | |||
Building & Improvement | 8,802,965 | |||
The company's investment | 9,901,391 | |||
Accumulated Depreciation | 3,010,957 | |||
Total Cost, Net of Accumulated Depreciation | 6,890,434 | |||
Encumbrances | ||||
Flint - Vacant Land [Member] | ||||
Initial Cost - Land | 101,424 | |||
Initial Cost - Building & Improvement | ||||
Subsequent to Acquisition | ||||
Land | 101,424 | |||
Building & Improvement | ||||
The company's investment | 101,424 | |||
Accumulated Depreciation | ||||
Total Cost, Net of Accumulated Depreciation | 101,424 | |||
Encumbrances | ||||
Century Plaza [Member] | ||||
Initial Cost - Land | 178,785 | |||
Initial Cost - Building & Improvement | 925,818 | |||
Subsequent to Acquisition | 1,224,093 | |||
Land | 178,785 | |||
Building & Improvement | 2,149,911 | |||
The company's investment | 2,328,696 | |||
Accumulated Depreciation | 1,593,653 | |||
Total Cost, Net of Accumulated Depreciation | 735,043 | |||
Encumbrances | ||||
Cross Creek S.C. [Member] | ||||
Initial Cost - Land | 1,451,397 | |||
Initial Cost - Building & Improvement | 5,806,263 | |||
Subsequent to Acquisition | 647,769 | |||
Land | 1,451,397 | |||
Building & Improvement | 6,454,032 | |||
The company's investment | 7,905,429 | |||
Accumulated Depreciation | 3,662,287 | |||
Total Cost, Net of Accumulated Depreciation | 4,243,142 | |||
Encumbrances | ||||
Green Orchard Shopping Center [Member] | ||||
Initial Cost - Land | 3,682,478 | |||
Initial Cost - Building & Improvement | 14,730,060 | |||
Subsequent to Acquisition | 5,711,459 | |||
Land | 3,682,478 | |||
Building & Improvement | 20,441,519 | |||
The company's investment | 24,123,997 | |||
Accumulated Depreciation | 9,908,388 | |||
Total Cost, Net of Accumulated Depreciation | 14,215,609 | |||
Encumbrances | ||||
The Fountains at Arbor Lakes [Member] | ||||
Initial Cost - Land | 28,585,296 | |||
Initial Cost - Building & Improvement | 66,699,024 | |||
Subsequent to Acquisition | 13,287,679 | |||
Land | 29,485,296 | |||
Building & Improvement | 79,086,703 | |||
The company's investment | 108,571,999 | |||
Accumulated Depreciation | 24,480,182 | |||
Total Cost, Net of Accumulated Depreciation | 84,091,817 | |||
Encumbrances | ||||
Roseville Plaza [Member] | ||||
Initial Cost - Land | 132,842 | |||
Initial Cost - Building & Improvement | 957,340 | |||
Subsequent to Acquisition | 9,736,267 | |||
Land | 1,675,667 | |||
Building & Improvement | 9,150,782 | |||
The company's investment | 10,826,449 | |||
Accumulated Depreciation | 1,457,654 | |||
Total Cost, Net of Accumulated Depreciation | 9,368,795 | |||
Encumbrances | ||||
Creve Couer Shopping Center [Member] | ||||
Initial Cost - Land | 1,044,598 | |||
Initial Cost - Building & Improvement | 5,475,623 | |||
Subsequent to Acquisition | 896,084 | |||
Land | 960,814 | |||
Building & Improvement | 6,455,491 | |||
The company's investment | 7,416,305 | |||
Accumulated Depreciation | 2,959,637 | |||
Total Cost, Net of Accumulated Depreciation | 4,456,668 | |||
Encumbrances | ||||
North Point Shopping Center [Member] | ||||
Initial Cost - Land | 1,935,380 | |||
Initial Cost - Building & Improvement | 7,800,746 | |||
Subsequent to Acquisition | 933,471 | |||
Land | 1,935,380 | |||
Building & Improvement | 8,734,217 | |||
The company's investment | 10,669,597 | |||
Accumulated Depreciation | 4,077,420 | |||
Total Cost, Net of Accumulated Depreciation | 6,592,177 | |||
Encumbrances | ||||
Kirkwood Crossing [Member] | ||||
Initial Cost - Land | ||||
Initial Cost - Building & Improvement | 9,704,005 | |||
Subsequent to Acquisition | 14,512,599 | |||
Land | ||||
Building & Improvement | 24,216,604 | |||
The company's investment | 24,216,604 | |||
Accumulated Depreciation | 14,603,879 | |||
Total Cost, Net of Accumulated Depreciation | 9,612,725 | |||
Encumbrances | ||||
Lemay S.C. [Member] | ||||
Initial Cost - Land | 125,879 | |||
Initial Cost - Building & Improvement | 503,510 | |||
Subsequent to Acquisition | 3,846,838 | |||
Land | 451,155 | |||
Building & Improvement | 4,025,072 | |||
The company's investment | 4,476,227 | |||
Accumulated Depreciation | 1,662,327 | |||
Total Cost, Net of Accumulated Depreciation | 2,813,900 | |||
Encumbrances | ||||
Gravois Plaza [Member] | ||||
Initial Cost - Land | 1,032,416 | |||
Initial Cost - Building & Improvement | 4,455,514 | |||
Subsequent to Acquisition | 11,033,266 | |||
Land | 1,032,413 | |||
Building & Improvement | 15,488,783 | |||
The company's investment | 16,521,196 | |||
Accumulated Depreciation | 9,021,664 | |||
Total Cost, Net of Accumulated Depreciation | 7,499,532 | |||
Encumbrances | ||||
Home Depot Plaza 3 [Member] | ||||
Initial Cost - Land | 431,960 | |||
Initial Cost - Building & Improvement | ||||
Subsequent to Acquisition | 758,855 | |||
Land | 431,960 | |||
Building & Improvement | 758,855 | |||
The company's investment | 1,190,815 | |||
Accumulated Depreciation | 307,406 | |||
Total Cost, Net of Accumulated Depreciation | 883,409 | |||
Encumbrances | ||||
Primrose Market Place [Member] | ||||
Initial Cost - Land | 2,745,595 | |||
Initial Cost - Building & Improvement | 10,985,778 | |||
Subsequent to Acquisition | 8,433,741 | |||
Land | 2,904,022 | |||
Building & Improvement | 19,261,092 | |||
The company's investment | 22,165,114 | |||
Accumulated Depreciation | 10,101,312 | |||
Total Cost, Net of Accumulated Depreciation | 12,063,802 | |||
Encumbrances | ||||
Primrose Market Place 2 [Member] | ||||
Initial Cost - Land | 905,674 | |||
Initial Cost - Building & Improvement | 3,666,386 | |||
Subsequent to Acquisition | 5,261,809 | |||
Land | 905,674 | |||
Building & Improvement | 8,928,195 | |||
The company's investment | 9,833,869 | |||
Accumulated Depreciation | 3,206,994 | |||
Total Cost, Net of Accumulated Depreciation | 6,626,875 | |||
Encumbrances | 127,225 | |||
Center Point S.C. [Member] | ||||
Initial Cost - Land | ||||
Initial Cost - Building & Improvement | 550,204 | |||
Subsequent to Acquisition | ||||
Land | ||||
Building & Improvement | 550,204 | |||
The company's investment | 550,204 | |||
Accumulated Depreciation | 357,716 | |||
Total Cost, Net of Accumulated Depreciation | 192,488 | |||
Encumbrances | ||||
Kings Hightway S.C. [Member] | ||||
Initial Cost - Land | 809,087 | |||
Initial Cost - Building & Improvement | 4,430,514 | |||
Subsequent to Acquisition | 2,781,299 | |||
Land | 809,087 | |||
Building & Improvement | 7,211,813 | |||
The company's investment | 8,020,900 | |||
Accumulated Depreciation | 3,372,037 | |||
Total Cost, Net of Accumulated Depreciation | 4,648,863 | |||
Encumbrances | ||||
Overland Crossing [Member] | ||||
Initial Cost - Land | ||||
Initial Cost - Building & Improvement | 4,928,677 | |||
Subsequent to Acquisition | 759,896 | |||
Land | ||||
Building & Improvement | 5,688,573 | |||
The company's investment | 5,688,573 | |||
Accumulated Depreciation | 3,156,042 | |||
Total Cost, Net of Accumulated Depreciation | 2,532,531 | |||
Encumbrances | ||||
Cave Springs S.C. [Member] | ||||
Initial Cost - Land | 1,182,194 | |||
Initial Cost - Building & Improvement | 7,423,459 | |||
Subsequent to Acquisition | 7,110,186 | |||
Land | 1,563,694 | |||
Building & Improvement | 14,152,145 | |||
The company's investment | 15,715,839 | |||
Accumulated Depreciation | 10,167,687 | |||
Total Cost, Net of Accumulated Depreciation | 5,548,152 | |||
Encumbrances | ||||
Springfield S.C. [Member] | ||||
Initial Cost - Land | ||||
Initial Cost - Building & Improvement | 608,793 | |||
Subsequent to Acquisition | 11,012,797 | |||
Land | 8,800,000 | |||
Building & Improvement | 2,821,590 | |||
The company's investment | 11,621,590 | |||
Accumulated Depreciation | 1,260,636 | |||
Total Cost, Net of Accumulated Depreciation | 10,360,954 | |||
Encumbrances | ||||
Overlook Village [Member] | ||||
Initial Cost - Land | 8,276,500 | |||
Initial Cost - Building & Improvement | 17,249,587 | |||
Subsequent to Acquisition | 212,226 | |||
Land | 8,276,500 | |||
Building & Improvement | 17,461,813 | |||
The company's investment | 25,738,313 | |||
Accumulated Depreciation | 3,204,115 | |||
Total Cost, Net of Accumulated Depreciation | 22,534,198 | |||
Encumbrances | ||||
Woodlawn Marketplace [Member] | ||||
Initial Cost - Land | 919,251 | |||
Initial Cost - Building & Improvement | 3,570,981 | |||
Subsequent to Acquisition | 2,621,647 | |||
Land | 919,251 | |||
Building & Improvement | 6,192,628 | |||
The company's investment | 7,111,879 | |||
Accumulated Depreciation | 3,174,870 | |||
Total Cost, Net of Accumulated Depreciation | 3,937,009 | |||
Encumbrances | ||||
Tyvola Mall [Member] | ||||
Initial Cost - Land | ||||
Initial Cost - Building & Improvement | 4,736,345 | |||
Subsequent to Acquisition | 6,968,268 | |||
Land | ||||
Building & Improvement | 11,704,613 | |||
The company's investment | 11,704,613 | |||
Accumulated Depreciation | 8,870,713 | |||
Total Cost, Net of Accumulated Depreciation | 2,833,900 | |||
Encumbrances | ||||
Crossroads Plaza [Member] | ||||
Initial Cost - Land | 767,864 | |||
Initial Cost - Building & Improvement | 3,098,881 | |||
Subsequent to Acquisition | 1,233,350 | |||
Land | 767,864 | |||
Building & Improvement | 4,332,231 | |||
The company's investment | 5,100,095 | |||
Accumulated Depreciation | 1,574,024 | |||
Total Cost, Net of Accumulated Depreciation | 3,526,071 | |||
Encumbrances | ||||
Jetton Village Shoppers [Member] | ||||
Initial Cost - Land | 3,875,224 | |||
Initial Cost - Building & Improvement | 10,292,231 | |||
Subsequent to Acquisition | 263,116 | |||
Land | 2,143,695 | |||
Building & Improvement | 12,286,876 | |||
The company's investment | 14,430,571 | |||
Accumulated Depreciation | 1,761,917 | |||
Total Cost, Net of Accumulated Depreciation | 12,668,654 | |||
Encumbrances | ||||
Mountain Island Marketplace [Member] | ||||
Initial Cost - Land | 3,318,587 | |||
Initial Cost - Building & Improvement | 7,331,413 | |||
Subsequent to Acquisition | 736,014 | |||
Land | 3,818,587 | |||
Building & Improvement | 7,567,427 | |||
The company's investment | 11,386,014 | |||
Accumulated Depreciation | 1,291,311 | |||
Total Cost, Net of Accumulated Depreciation | 10,094,703 | |||
Encumbrances | ||||
Woodlawn Shopping Center [Member] | ||||
Initial Cost - Land | 2,010,725 | |||
Initial Cost - Building & Improvement | 5,833,626 | |||
Subsequent to Acquisition | 1,550,109 | |||
Land | 2,010,725 | |||
Building & Improvement | 7,383,735 | |||
The company's investment | 9,394,460 | |||
Accumulated Depreciation | 946,605 | |||
Total Cost, Net of Accumulated Depreciation | 8,447,855 | |||
Encumbrances | ||||
Crossroads Plaza 2 [Member] | ||||
Initial Cost - Land | 13,405,529 | |||
Initial Cost - Building & Improvement | 86,455,763 | |||
Subsequent to Acquisition | (540,910) | |||
Land | 13,405,529 | |||
Building & Improvement | 85,914,853 | |||
The company's investment | 99,320,382 | |||
Accumulated Depreciation | 11,613,154 | |||
Total Cost, Net of Accumulated Depreciation | 87,707,228 | |||
Encumbrances | 70,739,527 | |||
Quail Corners [Member] | ||||
Initial Cost - Land | 7,318,321 | |||
Initial Cost - Building & Improvement | 26,675,644 | |||
Subsequent to Acquisition | 1,326,080 | |||
Land | 7,318,321 | |||
Building & Improvement | 28,001,724 | |||
The company's investment | 35,320,045 | |||
Accumulated Depreciation | 2,468,557 | |||
Total Cost, Net of Accumulated Depreciation | 32,851,488 | |||
Encumbrances | 16,975,639 | |||
Oakcreek Village [Member] | ||||
Initial Cost - Land | 1,882,800 | |||
Initial Cost - Building & Improvement | 7,551,576 | |||
Subsequent to Acquisition | 2,333,493 | |||
Land | 1,882,800 | |||
Building & Improvement | 9,885,069 | |||
The company's investment | 11,767,869 | |||
Accumulated Depreciation | 5,331,393 | |||
Total Cost, Net of Accumulated Depreciation | 6,436,476 | |||
Encumbrances | ||||
Davidson Commons [Member] | ||||
Initial Cost - Land | 2,978,533 | |||
Initial Cost - Building & Improvement | 12,859,867 | |||
Subsequent to Acquisition | 194,020 | |||
Land | 2,978,533 | |||
Building & Improvement | 13,053,887 | |||
The company's investment | 16,032,420 | |||
Accumulated Depreciation | 1,849,478 | |||
Total Cost, Net of Accumulated Depreciation | 14,182,942 | |||
Encumbrances | ||||
Senate/Hillsborough Cross [Member] | ||||
Initial Cost - Land | 519,395 | |||
Initial Cost - Building & Improvement | ||||
Subsequent to Acquisition | ||||
Land | 519,395 | |||
Building & Improvement | ||||
The company's investment | 519,395 | |||
Accumulated Depreciation | ||||
Total Cost, Net of Accumulated Depreciation | 519,395 | |||
Encumbrances | ||||
Park Place SC [Member] | ||||
Initial Cost - Land | 5,461,478 | |||
Initial Cost - Building & Improvement | 16,163,494 | |||
Subsequent to Acquisition | 320,144 | |||
Land | 5,469,809 | |||
Building & Improvement | 16,475,307 | |||
The company's investment | 21,945,116 | |||
Accumulated Depreciation | 6,841,674 | |||
Total Cost, Net of Accumulated Depreciation | 15,103,442 | |||
Encumbrances | ||||
Mooresville Crossing [Member] | ||||
Initial Cost - Land | 12,013,727 | |||
Initial Cost - Building & Improvement | 30,604,173 | |||
Subsequent to Acquisition | 109,598 | |||
Land | 11,625,801 | |||
Building & Improvement | 31,101,697 | |||
The company's investment | 42,727,498 | |||
Accumulated Depreciation | 10,220,209 | |||
Total Cost, Net of Accumulated Depreciation | 32,507,289 | |||
Encumbrances | ||||
Pleasant Valley Promenade [Member] | ||||
Initial Cost - Land | 5,208,885 | |||
Initial Cost - Building & Improvement | 20,885,792 | |||
Subsequent to Acquisition | 13,796,952 | |||
Land | 5,208,885 | |||
Building & Improvement | 34,682,744 | |||
The company's investment | 39,891,629 | |||
Accumulated Depreciation | 19,390,497 | |||
Total Cost, Net of Accumulated Depreciation | 20,501,132 | |||
Encumbrances | ||||
Wakefield Commons III [Member] | ||||
Initial Cost - Land | 6,506,450 | |||
Initial Cost - Building & Improvement | ||||
Subsequent to Acquisition | (5,120,646) | |||
Land | 1,843,341 | |||
The company's investment | 1,385,804 | |||
Accumulated Depreciation | 221,296 | |||
Total Cost, Net of Accumulated Depreciation | 1,164,508 | |||
Encumbrances | ||||
Building & Improvement | (457,537) | |||
Wakefield Crossings [Member] | ||||
Initial Cost - Land | 3,413,932 | |||
Initial Cost - Building & Improvement | ||||
Subsequent to Acquisition | (3,017,959) | |||
Land | 336,236 | |||
Building & Improvement | 59,737 | |||
The company's investment | 395,973 | |||
Accumulated Depreciation | 6,960 | |||
Total Cost, Net of Accumulated Depreciation | 389,013 | |||
Encumbrances | ||||
Brennan Station [Member] | ||||
Initial Cost - Land | 7,749,751 | |||
Initial Cost - Building & Improvement | 20,556,891 | |||
Subsequent to Acquisition | (700,646) | |||
Land | 6,321,923 | |||
Building & Improvement | 21,284,073 | |||
The company's investment | 27,605,996 | |||
Accumulated Depreciation | 4,474,520 | |||
Total Cost, Net of Accumulated Depreciation | 23,131,476 | |||
Encumbrances | ||||
Brennan Station Outparcel [Member] | ||||
Initial Cost - Land | 627,906 | |||
Initial Cost - Building & Improvement | 1,665,576 | |||
Subsequent to Acquisition | (93,482) | |||
Land | 450,232 | |||
Building & Improvement | 1,749,768 | |||
The company's investment | 2,200,000 | |||
Accumulated Depreciation | 347,904 | |||
Total Cost, Net of Accumulated Depreciation | 1,852,096 | |||
Encumbrances | ||||
Cloverdale Plaza [Member] | ||||
Initial Cost - Land | 540,667 | |||
Initial Cost - Building & Improvement | 719,655 | |||
Subsequent to Acquisition | 6,879,635 | |||
Land | 540,667 | |||
Building & Improvement | 7,599,290 | |||
The company's investment | 8,139,957 | |||
Accumulated Depreciation | 3,978,961 | |||
Total Cost, Net of Accumulated Depreciation | 4,160,996 | |||
Encumbrances | ||||
Webster Square [Member] | ||||
Initial Cost - Land | 11,683,145 | |||
Initial Cost - Building & Improvement | 41,708,383 | |||
Subsequent to Acquisition | 5,174,840 | |||
Land | 11,683,145 | |||
Building & Improvement | 46,883,223 | |||
The company's investment | 58,566,368 | |||
Accumulated Depreciation | 5,143,811 | |||
Total Cost, Net of Accumulated Depreciation | 53,422,557 | |||
Encumbrances | ||||
Webster Square North [Member] | ||||
Initial Cost - Land | 2,163,138 | |||
Initial Cost - Building & Improvement | 6,511,424 | |||
Subsequent to Acquisition | ||||
Land | 2,163,138 | |||
Building & Improvement | 6,511,424 | |||
The company's investment | 8,674,562 | |||
Accumulated Depreciation | 199,146 | |||
Total Cost, Net of Accumulated Depreciation | 8,475,416 | |||
Encumbrances | ||||
Rockingham Mall - Shaws Land PCL [Member] | ||||
Initial Cost - Land | 2,660,915 | |||
Initial Cost - Building & Improvement | 10,643,660 | |||
Subsequent to Acquisition | 14,302,905 | |||
Land | 3,148,715 | |||
Building & Improvement | 24,458,765 | |||
The company's investment | 27,607,480 | |||
Accumulated Depreciation | 11,447,997 | |||
Total Cost, Net of Accumulated Depreciation | 16,159,483 | |||
Encumbrances | ||||
Shop Rite Plaza [Member] | ||||
Initial Cost - Land | 2,417,583 | |||
Initial Cost - Building & Improvement | 6,364,094 | |||
Subsequent to Acquisition | 1,599,403 | |||
Land | 2,417,583 | |||
Building & Improvement | 7,963,497 | |||
The company's investment | 10,381,080 | |||
Accumulated Depreciation | 7,151,851 | |||
Total Cost, Net of Accumulated Depreciation | 3,229,229 | |||
Encumbrances | ||||
Marlton Plaza [Member] | ||||
Initial Cost - Land | ||||
Initial Cost - Building & Improvement | 4,318,534 | |||
Subsequent to Acquisition | 114,215 | |||
Land | ||||
Building & Improvement | 4,432,749 | |||
The company's investment | 4,432,749 | |||
Accumulated Depreciation | 2,269,505 | |||
Total Cost, Net of Accumulated Depreciation | 2,163,244 | |||
Encumbrances | ||||
Hillview Shopping Center [Member] | ||||
Initial Cost - Land | 16,007,647 | |||
Initial Cost - Building & Improvement | 32,607,423 | |||
Subsequent to Acquisition | (1,517,229) | |||
Land | 16,007,647 | |||
Building & Improvement | 31,090,194 | |||
The company's investment | 47,097,841 | |||
Accumulated Depreciation | 3,404,107 | |||
Total Cost, Net of Accumulated Depreciation | 43,693,734 | |||
Encumbrances | 25,096,230 | |||
Garden State Pavilions [Member] | ||||
Initial Cost - Land | 7,530,709 | |||
Initial Cost - Building & Improvement | 10,801,949 | |||
Subsequent to Acquisition | 20,360,667 | |||
Land | 12,203,841 | |||
Building & Improvement | 26,489,484 | |||
The company's investment | 38,693,325 | |||
Accumulated Depreciation | 5,290,027 | |||
Total Cost, Net of Accumulated Depreciation | 33,403,298 | |||
Encumbrances | ||||
Clark Shoprite 70 Central Ave [Member] | ||||
Initial Cost - Land | 3,496,673 | |||
Initial Cost - Building & Improvement | 11,693,769 | |||
Subsequent to Acquisition | 994,829 | |||
Land | 13,959,593 | |||
Building & Improvement | 2,225,678 | |||
The company's investment | 16,185,271 | |||
Accumulated Depreciation | 515,706 | |||
Total Cost, Net of Accumulated Depreciation | 15,669,565 | |||
Encumbrances | ||||
Commerce Center West [Member] | ||||
Initial Cost - Land | 385,760 | |||
Initial Cost - Building & Improvement | 1,290,080 | |||
Subsequent to Acquisition | 160,534 | |||
Land | 793,595 | |||
Building & Improvement | 1,042,779 | |||
The company's investment | 1,836,374 | |||
Accumulated Depreciation | 218,405 | |||
Total Cost, Net of Accumulated Depreciation | 1,617,969 | |||
Encumbrances | ||||
Commerce Center East [Member] | ||||
Initial Cost - Land | 1,518,930 | |||
Initial Cost - Building & Improvement | 5,079,690 | |||
Subsequent to Acquisition | 1,753,865 | |||
Land | 7,235,196 | |||
Building & Improvement | 1,117,289 | |||
The company's investment | 8,352,485 | |||
Accumulated Depreciation | 270,427 | |||
Total Cost, Net of Accumulated Depreciation | 8,082,058 | |||
Encumbrances | ||||
Central Plaza [Member] | ||||
Initial Cost - Land | 3,170,465 | |||
Initial Cost - Building & Improvement | 10,602,845 | |||
Subsequent to Acquisition | (186,938) | |||
Land | 5,145,167 | |||
Building & Improvement | 8,441,205 | |||
The company's investment | 13,586,372 | |||
Accumulated Depreciation | 1,389,217 | |||
Total Cost, Net of Accumulated Depreciation | 12,197,155 | |||
Encumbrances | ||||
East Windsor Village [Member] | ||||
Initial Cost - Land | 9,335,011 | |||
Initial Cost - Building & Improvement | 23,777,978 | |||
Subsequent to Acquisition | (728,416) | |||
Land | 9,335,011 | |||
Building & Improvement | 23,049,562 | |||
The company's investment | 32,384,573 | |||
Accumulated Depreciation | 5,463,964 | |||
Total Cost, Net of Accumulated Depreciation | 26,920,609 | |||
Encumbrances | ||||
Holmdel Towne Center [Member] | ||||
Initial Cost - Land | 10,824,624 | |||
Initial Cost - Building & Improvement | 43,301,494 | |||
Subsequent to Acquisition | 7,797,435 | |||
Land | 10,824,624 | |||
Building & Improvement | 51,098,929 | |||
The company's investment | 61,923,553 | |||
Accumulated Depreciation | 18,456,550 | |||
Total Cost, Net of Accumulated Depreciation | 43,467,003 | |||
Encumbrances | ||||
Commons at Holmdel [Member] | ||||
Initial Cost - Land | 16,537,556 | |||
Initial Cost - Building & Improvement | 38,759,952 | |||
Subsequent to Acquisition | 3,395,971 | |||
Land | 16,537,556 | |||
Building & Improvement | 42,155,923 | |||
The company's investment | 58,693,479 | |||
Accumulated Depreciation | 16,134,863 | |||
Total Cost, Net of Accumulated Depreciation | 42,558,616 | |||
Encumbrances | ||||
Plaza at Hillsdale [Member] | ||||
Initial Cost - Land | 7,601,596 | |||
Initial Cost - Building & Improvement | 6,994,196 | |||
Subsequent to Acquisition | 544,603 | |||
Land | 7,601,596 | |||
Building & Improvement | 7,538,799 | |||
The company's investment | 15,140,395 | |||
Accumulated Depreciation | 782,960 | |||
Total Cost, Net of Accumulated Depreciation | 14,357,435 | |||
Encumbrances | 6,021,151 | |||
Maple Shade [Member] | ||||
Initial Cost - Land | ||||
Initial Cost - Building & Improvement | 9,957,611 | |||
Subsequent to Acquisition | (845,234) | |||
Land | ||||
Building & Improvement | 9,112,377 | |||
The company's investment | 9,112,377 | |||
Accumulated Depreciation | 916,239 | |||
Total Cost, Net of Accumulated Depreciation | 8,196,138 | |||
Encumbrances | ||||
Plaza at Short Hills [Member] | ||||
Initial Cost - Land | 20,155,471 | |||
Initial Cost - Building & Improvement | 11,061,984 | |||
Subsequent to Acquisition | 36,110 | |||
Land | 20,155,471 | |||
Building & Improvement | 11,098,094 | |||
The company's investment | 31,253,565 | |||
Accumulated Depreciation | 1,615,234 | |||
Total Cost, Net of Accumulated Depreciation | 29,638,331 | |||
Encumbrances | 9,721,798 | |||
North Brunswick Plaza [Member] | ||||
Initial Cost - Land | 3,204,978 | |||
Initial Cost - Building & Improvement | 12,819,912 | |||
Subsequent to Acquisition | 27,813,346 | |||
Land | 3,204,978 | |||
Building & Improvement | 40,633,258 | |||
The company's investment | 43,838,236 | |||
Accumulated Depreciation | 17,565,395 | |||
Total Cost, Net of Accumulated Depreciation | 26,272,841 | |||
Encumbrances | ||||
Piscataway Town Center [Member] | ||||
Initial Cost - Land | 3,851,839 | |||
Initial Cost - Building & Improvement | 15,410,851 | |||
Subsequent to Acquisition | 1,216,192 | |||
Land | 3,851,839 | |||
Building & Improvement | 16,627,043 | |||
The company's investment | 20,478,882 | |||
Accumulated Depreciation | 7,981,590 | |||
Total Cost, Net of Accumulated Depreciation | 12,497,292 | |||
Encumbrances | ||||
Ridgewood S.C. [Member] | ||||
Initial Cost - Land | 450,000 | |||
Initial Cost - Building & Improvement | 2,106,566 | |||
Subsequent to Acquisition | 1,068,571 | |||
Land | 450,000 | |||
Building & Improvement | 3,175,137 | |||
The company's investment | 3,625,137 | |||
Accumulated Depreciation | 1,651,823 | |||
Total Cost, Net of Accumulated Depreciation | 1,973,314 | |||
Encumbrances | ||||
Union Crescent III - Best Buy [Member] | ||||
Initial Cost - Land | 7,895,483 | |||
Initial Cost - Building & Improvement | 3,010,640 | |||
Subsequent to Acquisition | 28,918,367 | |||
Land | 8,696,579 | |||
Building & Improvement | 31,127,911 | |||
The company's investment | 39,824,490 | |||
Accumulated Depreciation | 12,610,403 | |||
Total Cost, Net of Accumulated Depreciation | 27,214,087 | |||
Encumbrances | ||||
Westmont Plaza [Member] | ||||
Initial Cost - Land | 601,655 | |||
Initial Cost - Building & Improvement | 2,404,604 | |||
Subsequent to Acquisition | 11,025,881 | |||
Land | 601,655 | |||
Building & Improvement | 13,430,485 | |||
The company's investment | 14,032,140 | |||
Accumulated Depreciation | 6,132,664 | |||
Total Cost, Net of Accumulated Depreciation | 7,899,476 | |||
Encumbrances | ||||
Willowbrook Plaza [Member] | ||||
Initial Cost - Land | 15,320,436 | |||
Initial Cost - Building & Improvement | 40,996,874 | |||
Subsequent to Acquisition | 3,368,891 | |||
Land | 15,320,436 | |||
Building & Improvement | 44,365,765 | |||
The company's investment | 59,686,201 | |||
Accumulated Depreciation | 5,917,315 | |||
Total Cost, Net of Accumulated Depreciation | 53,768,886 | |||
Encumbrances | ||||
Del Monte Plaza [Member] | ||||
Initial Cost - Land | 2,489,429 | |||
Initial Cost - Building & Improvement | 5,590,415 | |||
Subsequent to Acquisition | 561,061 | |||
Land | 2,210,000 | |||
Building & Improvement | 6,430,905 | |||
The company's investment | 8,640,905 | |||
Accumulated Depreciation | 3,033,951 | |||
Total Cost, Net of Accumulated Depreciation | 5,606,954 | |||
Encumbrances | 2,598,997 | |||
Redfield Promenade [Member] | ||||
Initial Cost - Land | 4,415,339 | |||
Initial Cost - Building & Improvement | 32,035,192 | |||
Subsequent to Acquisition | 81,095 | |||
Land | 4,415,339 | |||
Building & Improvement | 32,116,287 | |||
The company's investment | 36,531,626 | |||
Accumulated Depreciation | 3,116,035 | |||
Total Cost, Net of Accumulated Depreciation | 33,415,591 | |||
Encumbrances | ||||
McQueen Crossings [Member] | ||||
Initial Cost - Land | 5,017,431 | |||
Initial Cost - Building & Improvement | 20,779,024 | |||
Subsequent to Acquisition | 193,820 | |||
Land | 5,017,431 | |||
Building & Improvement | 20,972,844 | |||
The company's investment | 25,990,275 | |||
Accumulated Depreciation | 2,026,006 | |||
Total Cost, Net of Accumulated Depreciation | 23,964,269 | |||
Encumbrances | ||||
Galena Junction [Member] | ||||
Initial Cost - Land | 8,931,027 | |||
Initial Cost - Building & Improvement | 17,503,387 | |||
Subsequent to Acquisition | (14,107) | |||
Land | 8,931,027 | |||
Building & Improvement | 17,489,280 | |||
The company's investment | 26,420,307 | |||
Accumulated Depreciation | 1,715,262 | |||
Total Cost, Net of Accumulated Depreciation | 24,705,045 | |||
Encumbrances | 19,862,619 | |||
D'Andrea Marketplace [Member] | ||||
Initial Cost - Land | 11,556,067 | |||
Initial Cost - Building & Improvement | 29,435,364 | |||
Subsequent to Acquisition | 183,997 | |||
Land | 11,556,067 | |||
Building & Improvement | 29,619,361 | |||
The company's investment | 41,175,428 | |||
Accumulated Depreciation | 7,252,367 | |||
Total Cost, Net of Accumulated Depreciation | 33,923,061 | |||
Encumbrances | 11,828,709 | |||
Sparks Mercantile [Member] | ||||
Initial Cost - Land | 6,221,614 | |||
Initial Cost - Building & Improvement | 17,069,172 | |||
Subsequent to Acquisition | 35,957 | |||
Land | 6,221,614 | |||
Building & Improvement | 17,105,129 | |||
The company's investment | 23,326,743 | |||
Accumulated Depreciation | 1,639,300 | |||
Total Cost, Net of Accumulated Depreciation | 21,687,443 | |||
Encumbrances | 19,162,216 | |||
Bridgehampton Commons - W&E Side [Member] | ||||
Initial Cost - Land | 1,811,752 | |||
Initial Cost - Building & Improvement | 3,107,232 | |||
Subsequent to Acquisition | 27,119,033 | |||
Land | 1,858,188 | |||
Building & Improvement | 30,179,829 | |||
The company's investment | 32,038,017 | |||
Accumulated Depreciation | 19,471,600 | |||
Total Cost, Net of Accumulated Depreciation | 12,566,417 | |||
Encumbrances | ||||
Ocean Plaza [Member] | ||||
Initial Cost - Land | 564,097 | |||
Initial Cost - Building & Improvement | 2,268,768 | |||
Subsequent to Acquisition | 8,468 | |||
Land | 564,097 | |||
Building & Improvement | 2,277,236 | |||
The company's investment | 2,841,333 | |||
Accumulated Depreciation | 802,290 | |||
Total Cost, Net of Accumulated Depreciation | 2,039,043 | |||
Encumbrances | ||||
Kings Highway [Member] | ||||
Initial Cost - Land | 2,743,820 | |||
Initial Cost - Building & Improvement | 6,811,268 | |||
Subsequent to Acquisition | 1,841,513 | |||
Land | 2,743,820 | |||
Building & Improvement | 8,652,781 | |||
The company's investment | 11,396,601 | |||
Accumulated Depreciation | 3,199,221 | |||
Total Cost, Net of Accumulated Depreciation | 8,197,380 | |||
Encumbrances | ||||
Ralph Avenue Plaza [Member] | ||||
Initial Cost - Land | 4,414,466 | |||
Initial Cost - Building & Improvement | 11,339,857 | |||
Subsequent to Acquisition | 3,567,551 | |||
Land | 4,414,467 | |||
Building & Improvement | 14,907,407 | |||
The company's investment | 19,321,874 | |||
Accumulated Depreciation | 4,905,187 | |||
Total Cost, Net of Accumulated Depreciation | 14,416,687 | |||
Encumbrances | ||||
Bellmore S.C. [Member] | ||||
Initial Cost - Land | 1,272,269 | |||
Initial Cost - Building & Improvement | 3,183,547 | |||
Subsequent to Acquisition | 1,590,605 | |||
Land | 1,272,269 | |||
Building & Improvement | 4,774,152 | |||
The company's investment | 6,046,421 | |||
Accumulated Depreciation | 1,531,268 | |||
Total Cost, Net of Accumulated Depreciation | 4,515,153 | |||
Encumbrances | ||||
Market at Bay Shore [Member] | ||||
Initial Cost - Land | 12,359,621 | |||
Initial Cost - Building & Improvement | 30,707,802 | |||
Subsequent to Acquisition | 2,883,868 | |||
Land | 12,359,621 | |||
Building & Improvement | 33,591,670 | |||
The company's investment | 45,951,291 | |||
Accumulated Depreciation | 11,418,553 | |||
Total Cost, Net of Accumulated Depreciation | 34,532,738 | |||
Encumbrances | 11,899,751 | |||
Key Food - Atlantic Ave [Member] | ||||
Initial Cost - Land | 2,272,500 | |||
Initial Cost - Building & Improvement | 5,624,589 | |||
Subsequent to Acquisition | 509,260 | |||
Land | 4,808,822 | |||
Building & Improvement | 3,597,527 | |||
The company's investment | 8,406,349 | |||
Accumulated Depreciation | 471,685 | |||
Total Cost, Net of Accumulated Depreciation | 7,934,664 | |||
Encumbrances | ||||
King Kullen Plaza [Member] | ||||
Initial Cost - Land | 5,968,082 | |||
Initial Cost - Building & Improvement | 23,243,404 | |||
Subsequent to Acquisition | 6,064,033 | |||
Land | 5,980,130 | |||
Building & Improvement | 29,295,389 | |||
The company's investment | 35,275,519 | |||
Accumulated Depreciation | 13,498,533 | |||
Total Cost, Net of Accumulated Depreciation | 21,776,986 | |||
Encumbrances | ||||
Birchwood Plaza Commack [Member] | ||||
Initial Cost - Land | 3,630,000 | |||
Initial Cost - Building & Improvement | 4,774,791 | |||
Subsequent to Acquisition | 1,073,476 | |||
Land | 3,630,000 | |||
Building & Improvement | 5,848,267 | |||
The company's investment | 9,478,267 | |||
Accumulated Depreciation | 1,743,532 | |||
Total Cost, Net of Accumulated Depreciation | 7,734,735 | |||
Encumbrances | ||||
Elmont S.C. [Member] | ||||
Initial Cost - Land | 3,011,658 | |||
Initial Cost - Building & Improvement | 7,606,066 | |||
Subsequent to Acquisition | 2,770,293 | |||
Land | 3,011,658 | |||
Building & Improvement | 10,376,359 | |||
The company's investment | 13,388,017 | |||
Accumulated Depreciation | 3,327,198 | |||
Total Cost, Net of Accumulated Depreciation | 10,060,819 | |||
Encumbrances | ||||
Northport Land Parcel [Member] | ||||
Initial Cost - Land | ||||
Initial Cost - Building & Improvement | 14,460 | |||
Subsequent to Acquisition | ||||
Land | ||||
Building & Improvement | 14,460 | |||
The company's investment | 14,460 | |||
Accumulated Depreciation | ||||
Total Cost, Net of Accumulated Depreciation | 14,460 | |||
Encumbrances | ||||
Elmont Plaza [Member] | ||||
Initial Cost - Land | ||||
Initial Cost - Building & Improvement | 5,119,714 | |||
Subsequent to Acquisition | ||||
Land | ||||
Building & Improvement | 5,119,714 | |||
The company's investment | 5,119,714 | |||
Accumulated Depreciation | 371,728 | |||
Total Cost, Net of Accumulated Depreciation | 4,747,986 | |||
Encumbrances | ||||
Elmsford Center 1 [Member] | ||||
Initial Cost - Land | 4,134,273 | |||
Initial Cost - Building & Improvement | 1,193,084 | |||
Subsequent to Acquisition | ||||
Land | 4,134,273 | |||
Building & Improvement | 1,193,084 | |||
The company's investment | 5,327,357 | |||
Accumulated Depreciation | 118,420 | |||
Total Cost, Net of Accumulated Depreciation | 5,208,937 | |||
Encumbrances | ||||
Elmsford Center 2 [Member] | ||||
Initial Cost - Land | 4,076,403 | |||
Initial Cost - Building & Improvement | 15,598,504 | |||
Subsequent to Acquisition | 949,902 | |||
Land | 4,076,403 | |||
Building & Improvement | 16,548,406 | |||
The company's investment | 20,624,809 | |||
Accumulated Depreciation | 1,872,113 | |||
Total Cost, Net of Accumulated Depreciation | 18,752,696 | |||
Encumbrances | ||||
Franklin Square S.C. [Member] | ||||
Initial Cost - Land | 1,078,541 | |||
Initial Cost - Building & Improvement | 2,516,581 | |||
Subsequent to Acquisition | 3,937,137 | |||
Land | 1,078,541 | |||
Building & Improvement | 6,453,718 | |||
The company's investment | 7,532,259 | |||
Accumulated Depreciation | 2,216,400 | |||
Total Cost, Net of Accumulated Depreciation | 5,315,859 | |||
Encumbrances | ||||
Airport Plaza [Member] | ||||
Initial Cost - Land | 22,711,189 | |||
Initial Cost - Building & Improvement | 107,011,500 | |||
Subsequent to Acquisition | 3,764,964 | |||
Land | 22,711,189 | |||
Building & Improvement | 110,776,464 | |||
The company's investment | 133,487,653 | |||
Accumulated Depreciation | 10,317,734 | |||
Total Cost, Net of Accumulated Depreciation | 123,169,919 | |||
Encumbrances | ||||
Kissena Boulevard Shopping Ctr. [Member] | ||||
Initial Cost - Land | 11,610,000 | |||
Initial Cost - Building & Improvement | 2,933,487 | |||
Subsequent to Acquisition | 147,329 | |||
Land | 11,610,000 | |||
Building & Improvement | 3,080,816 | |||
The company's investment | 14,690,816 | |||
Accumulated Depreciation | 1,012,304 | |||
Total Cost, Net of Accumulated Depreciation | 13,678,512 | |||
Encumbrances | ||||
Hampton Bays Plaza [Member] | ||||
Initial Cost - Land | 1,495,105 | |||
Initial Cost - Building & Improvement | 5,979,320 | |||
Subsequent to Acquisition | 3,533,406 | |||
Land | 1,495,105 | |||
Building & Improvement | 9,512,726 | |||
The company's investment | 11,007,831 | |||
Accumulated Depreciation | 6,950,371 | |||
Total Cost, Net of Accumulated Depreciation | 4,057,460 | |||
Encumbrances | ||||
Hicksville Plaza [Member] | ||||
Initial Cost - Land | 3,542,739 | |||
Initial Cost - Building & Improvement | 8,266,375 | |||
Subsequent to Acquisition | 3,095,524 | |||
Land | 3,542,739 | |||
Building & Improvement | 11,361,899 | |||
The company's investment | 14,904,638 | |||
Accumulated Depreciation | 3,700,135 | |||
Total Cost, Net of Accumulated Depreciation | 11,204,503 | |||
Encumbrances | ||||
Woodbury Centre [Member] | ||||
Initial Cost - Land | 4,314,991 | |||
Initial Cost - Building & Improvement | 32,585,508 | |||
Subsequent to Acquisition | 1,661,793 | |||
Land | 4,314,991 | |||
Building & Improvement | 34,247,301 | |||
The company's investment | 38,562,292 | |||
Accumulated Depreciation | 2,699,939 | |||
Total Cost, Net of Accumulated Depreciation | 35,862,353 | |||
Encumbrances | ||||
Turnpike Plaza [Member] | ||||
Initial Cost - Land | 2,471,832 | |||
Initial Cost - Building & Improvement | 5,839,416 | |||
Subsequent to Acquisition | 583,236 | |||
Land | 2,471,832 | |||
Building & Improvement | 6,422,652 | |||
The company's investment | 8,894,484 | |||
Accumulated Depreciation | 1,669,509 | |||
Total Cost, Net of Accumulated Depreciation | 7,224,975 | |||
Encumbrances | ||||
Jericho Commons South [Member] | ||||
Initial Cost - Land | 12,368,330 | |||
Initial Cost - Building & Improvement | 33,071,495 | |||
Subsequent to Acquisition | 721,082 | |||
Land | 12,368,330 | |||
Building & Improvement | 33,792,577 | |||
The company's investment | 46,160,907 | |||
Accumulated Depreciation | 9,612,581 | |||
Total Cost, Net of Accumulated Depreciation | 36,548,326 | |||
Encumbrances | 9,006,205 | |||
501 North Broadway [Member] | ||||
Initial Cost - Land | ||||
Initial Cost - Building & Improvement | 1,175,543 | |||
Subsequent to Acquisition | 197,738 | |||
Land | ||||
Building & Improvement | 1,373,281 | |||
The company's investment | 1,373,281 | |||
Accumulated Depreciation | 672,031 | |||
Total Cost, Net of Accumulated Depreciation | 701,250 | |||
Encumbrances | ||||
Merry Lane (Parking Lot) [Member] | ||||
Initial Cost - Land | 1,485,531 | |||
Initial Cost - Building & Improvement | 1,749 | |||
Subsequent to Acquisition | (1,749) | |||
Land | 1,485,531 | |||
Building & Improvement | ||||
The company's investment | 1,485,531 | |||
Accumulated Depreciation | ||||
Total Cost, Net of Accumulated Depreciation | 1,485,531 | |||
Encumbrances | ||||
Milleridge Inn [Member] | ||||
Initial Cost - Land | 7,500,330 | |||
Initial Cost - Building & Improvement | 481,316 | |||
Subsequent to Acquisition | 69,437 | |||
Land | 7,500,000 | |||
Building & Improvement | 551,083 | |||
The company's investment | 8,051,083 | |||
Accumulated Depreciation | 14,430 | |||
Total Cost, Net of Accumulated Depreciation | 8,036,653 | |||
Encumbrances | ||||
Jericho Atrium [Member] | ||||
Initial Cost - Land | 10,624,099 | |||
Initial Cost - Building & Improvement | 20,065,496 | |||
Subsequent to Acquisition | ||||
Land | 10,624,099 | |||
Building & Improvement | 20,065,496 | |||
The company's investment | 30,689,595 | |||
Accumulated Depreciation | 1,816,983 | |||
Total Cost, Net of Accumulated Depreciation | 28,872,612 | |||
Encumbrances | ||||
Family Dollar Union Turnpike [Member] | ||||
Initial Cost - Land | 909,000 | |||
Initial Cost - Building & Improvement | 2,249,775 | |||
Subsequent to Acquisition | 258,033 | |||
Land | 1,056,709 | |||
Building & Improvement | 2,360,099 | |||
The company's investment | 3,416,808 | |||
Accumulated Depreciation | 413,009 | |||
Total Cost, Net of Accumulated Depreciation | 3,003,799 | |||
Encumbrances | ||||
Little Neck Plaza [Member] | ||||
Initial Cost - Land | 3,277,254 | |||
Initial Cost - Building & Improvement | 13,161,218 | |||
Subsequent to Acquisition | 5,837,212 | |||
Land | 3,277,253 | |||
Building & Improvement | 18,998,431 | |||
The company's investment | 22,275,684 | |||
Accumulated Depreciation | 6,285,079 | |||
Total Cost, Net of Accumulated Depreciation | 15,990,605 | |||
Encumbrances | ||||
Key Food - 21st Street [Member] | ||||
Initial Cost - Land | 1,090,800 | |||
Initial Cost - Building & Improvement | 2,699,730 | |||
Subsequent to Acquisition | (159,449) | |||
Land | 1,669,153 | |||
Building & Improvement | 1,961,928 | |||
The company's investment | 3,631,081 | |||
Accumulated Depreciation | 210,207 | |||
Total Cost, Net of Accumulated Depreciation | 3,420,874 | |||
Encumbrances | ||||
Manhasset Center [Member] | ||||
Initial Cost - Land | 4,567,003 | |||
Initial Cost - Building & Improvement | 19,165,808 | |||
Subsequent to Acquisition | 29,214,394 | |||
Land | 3,471,939 | |||
Building & Improvement | 49,475,266 | |||
The company's investment | 52,947,205 | |||
Accumulated Depreciation | 21,514,253 | |||
Total Cost, Net of Accumulated Depreciation | 31,432,952 | |||
Encumbrances | ||||
Manhasset Center (Residential) [Member] | ||||
Initial Cost - Land | 950,000 | |||
Initial Cost - Building & Improvement | ||||
Subsequent to Acquisition | ||||
Land | 950,000 | |||
Building & Improvement | ||||
The company's investment | 950,000 | |||
Accumulated Depreciation | ||||
Total Cost, Net of Accumulated Depreciation | 950,000 | |||
Encumbrances | ||||
Maspeth Queens-Duane Reade [Member] | ||||
Initial Cost - Land | 1,872,013 | |||
Initial Cost - Building & Improvement | 4,827,940 | |||
Subsequent to Acquisition | 1,036,886 | |||
Land | 1,872,013 | |||
Building & Improvement | 5,864,826 | |||
The company's investment | 7,736,839 | |||
Accumulated Depreciation | 1,957,523 | |||
Total Cost, Net of Accumulated Depreciation | 5,779,316 | |||
Encumbrances | 1,677,019 | |||
North Massapequa S.C. [Member] | ||||
Initial Cost - Land | 1,880,816 | |||
Initial Cost - Building & Improvement | 4,388,549 | |||
Subsequent to Acquisition | 699,203 | |||
Land | 1,623,601 | |||
Building & Improvement | 5,344,967 | |||
The company's investment | 6,968,568 | |||
Accumulated Depreciation | 2,000,668 | |||
Total Cost, Net of Accumulated Depreciation | 4,967,900 | |||
Encumbrances | ||||
Mineola Shoppintg Center [Member] | ||||
Initial Cost - Land | 4,150,000 | |||
Initial Cost - Building & Improvement | 7,520,692 | |||
Subsequent to Acquisition | 224,517 | |||
Land | 4,150,000 | |||
Building & Improvement | 7,745,209 | |||
The company's investment | 11,895,209 | |||
Accumulated Depreciation | 1,943,416 | |||
Total Cost, Net of Accumulated Depreciation | 9,951,793 | |||
Encumbrances | ||||
Birchwood Park [Member] | ||||
Initial Cost - Land | 3,507,162 | |||
Initial Cost - Building & Improvement | 4,126 | |||
Subsequent to Acquisition | (1,510,445) | |||
Land | 2,000,000 | |||
Building & Improvement | 843 | |||
The company's investment | 2,000,843 | |||
Accumulated Depreciation | 843 | |||
Total Cost, Net of Accumulated Depreciation | 2,000,000 | |||
Encumbrances | ||||
Smithtown Plaza [Member] | ||||
Initial Cost - Land | 3,528,000 | |||
Initial Cost - Building & Improvement | 7,364,098 | |||
Subsequent to Acquisition | 414,233 | |||
Land | 3,528,000 | |||
Building & Improvement | 7,778,331 | |||
The company's investment | 11,306,331 | |||
Accumulated Depreciation | 2,258,789 | |||
Total Cost, Net of Accumulated Depreciation | 9,047,542 | |||
Encumbrances | ||||
Manetto Hill Plaza [Member] | ||||
Initial Cost - Land | 263,693 | |||
Initial Cost - Building & Improvement | 584,031 | |||
Subsequent to Acquisition | 10,227,903 | |||
Land | 263,693 | |||
Building & Improvement | 10,811,934 | |||
The company's investment | 11,075,627 | |||
Accumulated Depreciation | 6,176,092 | |||
Total Cost, Net of Accumulated Depreciation | 4,899,535 | |||
Encumbrances | ||||
Syosset S.C. [Member] | ||||
Initial Cost - Land | 106,655 | |||
Initial Cost - Building & Improvement | 76,197 | |||
Subsequent to Acquisition | 1,781,201 | |||
Land | 106,655 | |||
Building & Improvement | 1,857,398 | |||
The company's investment | 1,964,053 | |||
Accumulated Depreciation | 1,047,980 | |||
Total Cost, Net of Accumulated Depreciation | 916,073 | |||
Encumbrances | ||||
Richmond S.C. [Member] | ||||
Initial Cost - Land | 2,280,000 | |||
Initial Cost - Building & Improvement | 9,027,951 | |||
Subsequent to Acquisition | 12,459,766 | |||
Land | 2,280,000 | |||
Building & Improvement | 21,487,717 | |||
The company's investment | 23,767,717 | |||
Accumulated Depreciation | 12,038,465 | |||
Total Cost, Net of Accumulated Depreciation | 11,729,252 | |||
Encumbrances | ||||
Greenridge - Out Parcel [Member] | ||||
Initial Cost - Land | 2,940,000 | |||
Initial Cost - Building & Improvement | 11,811,964 | |||
Subsequent to Acquisition | 6,268,972 | |||
Land | 3,148,424 | |||
Building & Improvement | 17,872,512 | |||
The company's investment | 21,020,936 | |||
Accumulated Depreciation | 6,833,007 | |||
Total Cost, Net of Accumulated Depreciation | 14,187,929 | |||
Encumbrances | ||||
Staten Island Plaza [Member] | ||||
Initial Cost - Land | 5,600,744 | |||
Initial Cost - Building & Improvement | 6,788,460 | |||
Subsequent to Acquisition | (3,003,049) | |||
Land | 9,386,155 | |||
Building & Improvement | ||||
The company's investment | 9,386,155 | |||
Accumulated Depreciation | ||||
Total Cost, Net of Accumulated Depreciation | 9,386,155 | |||
Encumbrances | ||||
Hylan Plaza [Member] | ||||
Initial Cost - Land | 28,723,536 | |||
Initial Cost - Building & Improvement | 38,232,267 | |||
Subsequent to Acquisition | 36,986,741 | |||
Land | 28,723,536 | |||
Building & Improvement | 75,219,008 | |||
The company's investment | 103,942,544 | |||
Accumulated Depreciation | 38,896,894 | |||
Total Cost, Net of Accumulated Depreciation | 65,045,650 | |||
Encumbrances | ||||
Forest Avenue Plaza [Member] | ||||
Initial Cost - Land | 4,558,592 | |||
Initial Cost - Building & Improvement | 10,441,408 | |||
Subsequent to Acquisition | 155,848 | |||
Land | 4,558,592 | |||
Building & Improvement | 10,597,256 | |||
The company's investment | 15,155,848 | |||
Accumulated Depreciation | 3,701,092 | |||
Total Cost, Net of Accumulated Depreciation | 11,454,756 | |||
Encumbrances | ||||
Independence Plaza [Member] | ||||
Initial Cost - Land | 12,279,093 | |||
Initial Cost - Building & Improvement | 34,813,852 | |||
Subsequent to Acquisition | 215,399 | |||
Land | 16,131,632 | |||
Building & Improvement | 31,176,712 | |||
The company's investment | 47,308,344 | |||
Accumulated Depreciation | 5,877,127 | |||
Total Cost, Net of Accumulated Depreciation | 41,431,217 | |||
Encumbrances | 31,490,535 | |||
Key Food - Central Ave. [Member] | ||||
Initial Cost - Land | 2,787,600 | |||
Initial Cost - Building & Improvement | 6,899,310 | |||
Subsequent to Acquisition | (394,910) | |||
Land | 2,603,321 | |||
Building & Improvement | 6,688,679 | |||
The company's investment | 9,292,000 | |||
Accumulated Depreciation | 749,341 | |||
Total Cost, Net of Accumulated Depreciation | 8,542,659 | |||
Encumbrances | ||||
White Plains S.C. [Member] | ||||
Initial Cost - Land | 1,777,775 | |||
Initial Cost - Building & Improvement | 4,453,894 | |||
Subsequent to Acquisition | 2,471,597 | |||
Land | 1,777,775 | |||
Building & Improvement | 6,925,491 | |||
The company's investment | 8,703,266 | |||
Accumulated Depreciation | 2,246,846 | |||
Total Cost, Net of Accumulated Depreciation | 6,456,420 | |||
Encumbrances | ||||
Champion Food Supermarket [Member[ | ||||
Initial Cost - Land | 757,500 | |||
Initial Cost - Building & Improvement | 1,874,813 | |||
Subsequent to Acquisition | (24,388) | |||
Land | 2,241,118 | |||
Building & Improvement | 366,807 | |||
The company's investment | 2,607,925 | |||
Accumulated Depreciation | 107,809 | |||
Total Cost, Net of Accumulated Depreciation | 2,500,116 | |||
Encumbrances | ||||
Shoprite S.C. [Member] | ||||
Initial Cost - Land | 871,977 | |||
Initial Cost - Building & Improvement | 3,487,909 | |||
Subsequent to Acquisition | ||||
Land | 871,977 | |||
Building & Improvement | 3,487,909 | |||
The company's investment | 4,359,886 | |||
Accumulated Depreciation | 2,144,278 | |||
Total Cost, Net of Accumulated Depreciation | 2,215,608 | |||
Encumbrances | ||||
Romaine Plaza [Member] | ||||
Initial Cost - Land | 782,459 | |||
Initial Cost - Building & Improvement | 1,825,737 | |||
Subsequent to Acquisition | 588,133 | |||
Land | 782,459 | |||
Building & Improvement | 2,413,870 | |||
The company's investment | 3,196,329 | |||
Accumulated Depreciation | 616,916 | |||
Total Cost, Net of Accumulated Depreciation | 2,579,413 | |||
Encumbrances | ||||
Kent Center [Member] | ||||
Initial Cost - Land | 2,261,530 | |||
Initial Cost - Building & Improvement | ||||
Subsequent to Acquisition | (1,826,497) | |||
Land | 435,033 | |||
Building & Improvement | ||||
The company's investment | 435,033 | |||
Accumulated Depreciation | ||||
Total Cost, Net of Accumulated Depreciation | 435,033 | |||
Encumbrances | ||||
High Park CTR Retail [Member] | ||||
Initial Cost - Land | 3,783,875 | |||
Initial Cost - Building & Improvement | ||||
Subsequent to Acquisition | (2,778,460) | |||
Land | 921,704 | |||
Building & Improvement | 83,711 | |||
The company's investment | 1,005,415 | |||
Accumulated Depreciation | 24,910 | |||
Total Cost, Net of Accumulated Depreciation | 980,505 | |||
Encumbrances | ||||
Oregon Trail Center [Member] | ||||
Initial Cost - Land | 5,802,422 | |||
Initial Cost - Building & Improvement | 12,622,879 | |||
Subsequent to Acquisition | 590,069 | |||
Land | 5,802,422 | |||
Building & Improvement | 13,212,948 | |||
The company's investment | 19,015,370 | |||
Accumulated Depreciation | 4,770,972 | |||
Total Cost, Net of Accumulated Depreciation | 14,244,398 | |||
Encumbrances | ||||
Powell Valley Junction [Member] | ||||
Initial Cost - Land | 5,062,500 | |||
Initial Cost - Building & Improvement | 3,152,982 | |||
Subsequent to Acquisition | (2,508,712) | |||
Land | 2,035,125 | |||
Building & Improvement | 3,671,645 | |||
The company's investment | 5,706,770 | |||
Accumulated Depreciation | 1,406,074 | |||
Total Cost, Net of Accumulated Depreciation | 4,300,696 | |||
Encumbrances | ||||
Hospital Garage and Med. Office [Member] | ||||
Initial Cost - Land | ||||
Initial Cost - Building & Improvement | 30,061,177 | |||
Subsequent to Acquisition | 59,094 | |||
Land | ||||
Building & Improvement | 30,120,271 | |||
The company's investment | 30,120,271 | |||
Accumulated Depreciation | 8,509,839 | |||
Total Cost, Net of Accumulated Depreciation | 21,610,432 | |||
Encumbrances | ||||
Suburban Square [Member] | ||||
Initial Cost - Land | 70,679,871 | |||
Initial Cost - Building & Improvement | 166,351,381 | |||
Subsequent to Acquisition | 10,146,149 | |||
Land | 71,279,871 | |||
Building & Improvement | 175,897,530 | |||
The company's investment | 247,177,401 | |||
Accumulated Depreciation | 44,800,084 | |||
Total Cost, Net of Accumulated Depreciation | 202,377,317 | |||
Encumbrances | ||||
Coulter Ave. Parcel [Member] | ||||
Initial Cost - Land | 577,630 | |||
Initial Cost - Building & Improvement | 1,348,019 | |||
Subsequent to Acquisition | 6,720,666 | |||
Land | 8,645,796 | |||
Building & Improvement | 519 | |||
The company's investment | 8,646,315 | |||
Accumulated Depreciation | ||||
Total Cost, Net of Accumulated Depreciation | 8,646,315 | |||
Encumbrances | ||||
Chippewa Plaza [Member] | ||||
Initial Cost - Land | 2,881,525 | |||
Initial Cost - Building & Improvement | 11,526,101 | |||
Subsequent to Acquisition | 153,290 | |||
Land | 2,881,525 | |||
Building & Improvement | 11,679,391 | |||
The company's investment | 14,560,916 | |||
Accumulated Depreciation | 5,133,586 | |||
Total Cost, Net of Accumulated Depreciation | 9,427,330 | |||
Encumbrances | 1,931,697 | |||
Carnegie Plaza [Member] | ||||
Initial Cost - Land | ||||
Initial Cost - Building & Improvement | 3,298,908 | |||
Subsequent to Acquisition | 17,747 | |||
Land | ||||
Building & Improvement | 3,316,655 | |||
The company's investment | 3,316,655 | |||
Accumulated Depreciation | 1,445,722 | |||
Total Cost, Net of Accumulated Depreciation | 1,870,933 | |||
Encumbrances | ||||
Center Square Shopping Center [Member] | ||||
Initial Cost - Land | 731,888 | |||
Initial Cost - Building & Improvement | 2,927,551 | |||
Subsequent to Acquisition | 1,342,103 | |||
Land | 731,888 | |||
Building & Improvement | 4,269,654 | |||
The company's investment | 5,001,542 | |||
Accumulated Depreciation | 2,661,695 | |||
Total Cost, Net of Accumulated Depreciation | 2,339,847 | |||
Encumbrances | ||||
Wayne Plaza [Member] | ||||
Initial Cost - Land | 6,127,623 | |||
Initial Cost - Building & Improvement | 15,605,012 | |||
Subsequent to Acquisition | 400,438 | |||
Land | 6,135,670 | |||
Building & Improvement | 15,997,403 | |||
The company's investment | 22,133,073 | |||
Accumulated Depreciation | 3,985,695 | |||
Total Cost, Net of Accumulated Depreciation | 18,147,378 | |||
Encumbrances | ||||
Devon Village [Member] | ||||
Initial Cost - Land | 4,856,379 | |||
Initial Cost - Building & Improvement | 25,846,910 | |||
Subsequent to Acquisition | 3,995,839 | |||
Land | 4,856,379 | |||
Building & Improvement | 29,842,749 | |||
The company's investment | 34,699,128 | |||
Accumulated Depreciation | 5,029,943 | |||
Total Cost, Net of Accumulated Depreciation | 29,669,185 | |||
Encumbrances | ||||
Pocono Plaza [Member] | ||||
Initial Cost - Land | 1,050,000 | |||
Initial Cost - Building & Improvement | 2,372,628 | |||
Subsequent to Acquisition | 1,431,729 | |||
Land | 1,050,000 | |||
Building & Improvement | 3,804,357 | |||
The company's investment | 4,854,357 | |||
Accumulated Depreciation | 3,174,132 | |||
Total Cost, Net of Accumulated Depreciation | 1,680,225 | |||
Encumbrances | ||||
Ridge Pike Plaza [Member] | ||||
Initial Cost - Land | 1,525,337 | |||
Initial Cost - Building & Improvement | 4,251,732 | |||
Subsequent to Acquisition | (2,602,946) | |||
Land | 914,299 | |||
Building & Improvement | 2,259,824 | |||
The company's investment | 3,174,123 | |||
Accumulated Depreciation | 938,226 | |||
Total Cost, Net of Accumulated Depreciation | 2,235,897 | |||
Encumbrances | ||||
Whiteland - Hobby Lobby [Member] | ||||
Initial Cost - Land | 176,666 | |||
Initial Cost - Building & Improvement | 4,895,360 | |||
Subsequent to Acquisition | 1,447,703 | |||
Land | 176,666 | |||
Building & Improvement | 6,343,063 | |||
The company's investment | 6,519,729 | |||
Accumulated Depreciation | 2,192,866 | |||
Total Cost, Net of Accumulated Depreciation | 4,326,863 | |||
Encumbrances | ||||
Whiteland Town Center [Member] | ||||
Initial Cost - Land | 731,888 | |||
Initial Cost - Building & Improvement | 2,927,551 | |||
Subsequent to Acquisition | ||||
Land | 731,888 | |||
Building & Improvement | 2,927,551 | |||
The company's investment | 3,659,439 | |||
Accumulated Depreciation | 1,526,331 | |||
Total Cost, Net of Accumulated Depreciation | 2,133,108 | |||
Encumbrances | ||||
Eastwick Wellness Center [Member] | ||||
Initial Cost - Land | 889,001 | |||
Initial Cost - Building & Improvement | 2,762,888 | |||
Subsequent to Acquisition | 3,074,728 | |||
Land | 889,001 | |||
Building & Improvement | 5,837,616 | |||
The company's investment | 6,726,617 | |||
Accumulated Depreciation | 2,869,745 | |||
Total Cost, Net of Accumulated Depreciation | 3,856,872 | |||
Encumbrances | ||||
Harrisburg East Shopping Ctr. [Member | ||||
Initial Cost - Land | 452,888 | |||
Initial Cost - Building & Improvement | 6,665,238 | |||
Subsequent to Acquisition | 6,889,185 | |||
Land | 3,002,888 | |||
Building & Improvement | 11,004,423 | |||
The company's investment | 14,007,311 | |||
Accumulated Depreciation | 6,690,361 | |||
Total Cost, Net of Accumulated Depreciation | 7,316,950 | |||
Encumbrances | ||||
Township Line S.C. [Member] | ||||
Initial Cost - Land | 731,888 | |||
Initial Cost - Building & Improvement | 2,927,551 | |||
Subsequent to Acquisition | ||||
Land | 731,888 | |||
Building & Improvement | 2,927,551 | |||
The company's investment | 3,659,439 | |||
Accumulated Depreciation | 1,526,331 | |||
Total Cost, Net of Accumulated Depreciation | 2,133,108 | |||
Encumbrances | ||||
Horsham Point [Member] | ||||
Initial Cost - Land | 3,813,247 | |||
Initial Cost - Building & Improvement | 18,189,450 | |||
Subsequent to Acquisition | 45,820 | |||
Land | 3,813,247 | |||
Building & Improvement | 18,235,270 | |||
The company's investment | 22,048,517 | |||
Accumulated Depreciation | 1,141,314 | |||
Total Cost, Net of Accumulated Depreciation | 20,907,203 | |||
Encumbrances | ||||
Holiday Center [Member] | ||||
Initial Cost - Land | 7,726,844 | |||
Initial Cost - Building & Improvement | 20,014,243 | |||
Subsequent to Acquisition | 50,582 | |||
Land | 7,726,844 | |||
Building & Improvement | 20,064,825 | |||
The company's investment | 27,791,669 | |||
Accumulated Depreciation | 2,002,263 | |||
Total Cost, Net of Accumulated Depreciation | 25,789,406 | |||
Encumbrances | ||||
Norriton Square [Member] | ||||
Initial Cost - Land | 686,134 | |||
Initial Cost - Building & Improvement | 2,664,535 | |||
Subsequent to Acquisition | 3,817,458 | |||
Land | 774,084 | |||
Building & Improvement | 6,394,043 | |||
The company's investment | 7,168,127 | |||
Accumulated Depreciation | 4,679,752 | |||
Total Cost, Net of Accumulated Depreciation | 2,488,375 | |||
Encumbrances | ||||
New Kensington S.C. [Member] | ||||
Initial Cost - Land | 521,945 | |||
Initial Cost - Building & Improvement | 2,548,322 | |||
Subsequent to Acquisition | 862,730 | |||
Land | 521,945 | |||
Building & Improvement | 3,411,052 | |||
The company's investment | 3,932,997 | |||
Accumulated Depreciation | 3,125,467 | |||
Total Cost, Net of Accumulated Depreciation | 807,530 | |||
Encumbrances | ||||
Sears Hardware [Member] | ||||
Initial Cost - Land | 10,000 | |||
Initial Cost - Building & Improvement | ||||
Subsequent to Acquisition | ||||
Land | 10,000 | |||
Building & Improvement | ||||
The company's investment | 10,000 | |||
Accumulated Depreciation | ||||
Total Cost, Net of Accumulated Depreciation | 10,000 | |||
Encumbrances | ||||
Frankford Avenue S.C. [Member] | ||||
Initial Cost - Land | 731,888 | |||
Initial Cost - Building & Improvement | 2,927,551 | |||
Subsequent to Acquisition | ||||
Land | 731,888 | |||
Building & Improvement | 2,927,551 | |||
The company's investment | 3,659,439 | |||
Accumulated Depreciation | 1,526,331 | |||
Total Cost, Net of Accumulated Depreciation | 2,133,108 | |||
Encumbrances | ||||
Wexford Plaza [Member] | ||||
Initial Cost - Land | 6,413,635 | |||
Initial Cost - Building & Improvement | 9,774,600 | |||
Subsequent to Acquisition | 9,955,083 | |||
Land | 6,299,299 | |||
Building & Improvement | 19,844,019 | |||
The company's investment | 26,143,318 | |||
Accumulated Depreciation | 3,657,982 | |||
Total Cost, Net of Accumulated Depreciation | 22,485,336 | |||
Encumbrances | ||||
Cranberry Township - Parcel 1 and 2 [Member] | ||||
Initial Cost - Land | 10,270,846 | |||
Initial Cost - Building & Improvement | 30,769,592 | |||
Subsequent to Acquisition | ||||
Land | 10,270,846 | |||
Building & Improvement | 30,769,592 | |||
The company's investment | 41,040,438 | |||
Accumulated Depreciation | 333,570 | |||
Total Cost, Net of Accumulated Depreciation | 40,706,868 | |||
Encumbrances | 21,636,092 | |||
Crossroads Plaza 3 [Member] | ||||
Initial Cost - Land | 788,761 | |||
Initial Cost - Building & Improvement | 3,155,044 | |||
Subsequent to Acquisition | 12,759,977 | |||
Land | 976,439 | |||
Building & Improvement | 15,727,343 | |||
The company's investment | 16,703,782 | |||
Accumulated Depreciation | 9,633,622 | |||
Total Cost, Net of Accumulated Depreciation | 7,070,160 | |||
Encumbrances | ||||
Springfield S.C. 2 [Member] | ||||
Initial Cost - Land | 919,998 | |||
Initial Cost - Building & Improvement | 4,981,589 | |||
Subsequent to Acquisition | 12,704,250 | |||
Land | 920,000 | |||
Building & Improvement | 17,685,837 | |||
The company's investment | 18,605,837 | |||
Accumulated Depreciation | 9,073,040 | |||
Total Cost, Net of Accumulated Depreciation | 9,532,797 | |||
Encumbrances | ||||
Shrewsbury Square S.C. [Member] | ||||
Initial Cost - Land | 8,066,107 | |||
Initial Cost - Building & Improvement | 16,997,997 | |||
Subsequent to Acquisition | (1,648,173) | |||
Land | 6,534,966 | |||
Building & Improvement | 16,880,965 | |||
The company's investment | 23,415,931 | |||
Accumulated Depreciation | 1,804,686 | |||
Total Cost, Net of Accumulated Depreciation | 21,611,245 | |||
Encumbrances | ||||
Whitehall Mall [Member] | ||||
Initial Cost - Land | ||||
Initial Cost - Building & Improvement | 5,195,577 | |||
Subsequent to Acquisition | ||||
Land | ||||
Building & Improvement | 5,195,577 | |||
The company's investment | 5,195,577 | |||
Accumulated Depreciation | 2,708,806 | |||
Total Cost, Net of Accumulated Depreciation | 2,486,771 | |||
Encumbrances | ||||
Whole Foods at Wynnewood [Member] | ||||
Initial Cost - Land | 15,042,165 | |||
Initial Cost - Building & Improvement | ||||
Subsequent to Acquisition | 11,598,520 | |||
Land | 13,772,394 | |||
Building & Improvement | 12,868,291 | |||
The company's investment | 26,640,685 | |||
Accumulated Depreciation | 66,430 | |||
Total Cost, Net of Accumulated Depreciation | 26,574,255 | |||
Encumbrances | ||||
Shoppes at Wynnewood [Member] | ||||
Initial Cost - Land | 7,478,907 | |||
Initial Cost - Building & Improvement | ||||
Subsequent to Acquisition | 3,768,083 | |||
Land | 7,478,907 | |||
Building & Improvement | 3,768,083 | |||
The company's investment | 11,246,990 | |||
Accumulated Depreciation | 62,308 | |||
Total Cost, Net of Accumulated Depreciation | 11,184,682 | |||
Encumbrances | ||||
West Market St. Plaza [Member] | ||||
Initial Cost - Land | 188,562 | |||
Initial Cost - Building & Improvement | 1,158,307 | |||
Subsequent to Acquisition | 41,712 | |||
Land | 188,562 | |||
Building & Improvement | 1,200,019 | |||
The company's investment | 1,388,581 | |||
Accumulated Depreciation | 1,169,083 | |||
Total Cost, Net of Accumulated Depreciation | 219,498 | |||
Encumbrances | ||||
Rexville Town Center [Member] | ||||
Initial Cost - Land | 24,872,981 | |||
Initial Cost - Building & Improvement | 48,688,161 | |||
Subsequent to Acquisition | 8,014,056 | |||
Land | 25,678,064 | |||
Building & Improvement | 55,897,134 | |||
The company's investment | 81,575,198 | |||
Accumulated Depreciation | 32,302,168 | |||
Total Cost, Net of Accumulated Depreciation | 49,273,030 | |||
Encumbrances | ||||
Plaza Centro - Costco [Member] | ||||
Initial Cost - Land | 3,627,973 | |||
Initial Cost - Building & Improvement | 10,752,212 | |||
Subsequent to Acquisition | 1,535,656 | |||
Land | 3,866,206 | |||
Building & Improvement | 12,049,635 | |||
The company's investment | 15,915,841 | |||
Accumulated Depreciation | 6,391,287 | |||
Total Cost, Net of Accumulated Depreciation | 9,524,554 | |||
Encumbrances | ||||
Plaza Centro - Mall [Member] | ||||
Initial Cost - Land | 19,873,263 | |||
Initial Cost - Building & Improvement | 58,719,179 | |||
Subsequent to Acquisition | 7,545,697 | |||
Land | 19,408,112 | |||
Building & Improvement | 66,730,027 | |||
The company's investment | 86,138,139 | |||
Accumulated Depreciation | 35,105,932 | |||
Total Cost, Net of Accumulated Depreciation | 51,032,207 | |||
Encumbrances | ||||
Plaza Centro - Retail [Member] | ||||
Initial Cost - Land | 5,935,566 | |||
Initial Cost - Building & Improvement | 16,509,748 | |||
Subsequent to Acquisition | 2,695,750 | |||
Land | 6,026,070 | |||
Building & Improvement | 19,114,994 | |||
The company's investment | 25,141,064 | |||
Accumulated Depreciation | 9,984,894 | |||
Total Cost, Net of Accumulated Depreciation | 15,156,170 | |||
Encumbrances | ||||
Plaza Centro - Sam's Club [Member] | ||||
Initial Cost - Land | 6,643,224 | |||
Initial Cost - Building & Improvement | 20,224,758 | |||
Subsequent to Acquisition | 2,321,593 | |||
Land | 6,520,090 | |||
Building & Improvement | 22,669,485 | |||
The company's investment | 29,189,575 | |||
Accumulated Depreciation | 21,610,984 | |||
Total Cost, Net of Accumulated Depreciation | 7,578,591 | |||
Encumbrances | ||||
Los Colobos - Builders Square [Member] | ||||
Initial Cost - Land | 4,404,593 | |||
Initial Cost - Building & Improvement | 9,627,903 | |||
Subsequent to Acquisition | 1,361,338 | |||
Land | 4,461,145 | |||
Building & Improvement | 10,932,689 | |||
The company's investment | 15,393,834 | |||
Accumulated Depreciation | 9,024,387 | |||
Total Cost, Net of Accumulated Depreciation | 6,369,447 | |||
Encumbrances | ||||
Los Colobos - Kmart [Member] | ||||
Initial Cost - Land | 4,594,944 | |||
Initial Cost - Building & Improvement | 10,120,147 | |||
Subsequent to Acquisition | 726,279 | |||
Land | 4,402,338 | |||
Building & Improvement | 11,039,032 | |||
The company's investment | 15,441,370 | |||
Accumulated Depreciation | 9,386,129 | |||
Total Cost, Net of Accumulated Depreciation | 6,055,241 | |||
Encumbrances | ||||
Los Colobos I [Member] | ||||
Initial Cost - Land | 12,890,882 | |||
Initial Cost - Building & Improvement | 26,046,669 | |||
Subsequent to Acquisition | 3,697,161 | |||
Land | 13,613,375 | |||
Building & Improvement | 29,021,337 | |||
The company's investment | 42,634,712 | |||
Accumulated Depreciation | 15,652,923 | |||
Total Cost, Net of Accumulated Depreciation | 26,981,789 | |||
Encumbrances | ||||
Los Colobos II [Member] | ||||
Initial Cost - Land | 14,893,698 | |||
Initial Cost - Building & Improvement | 30,680,556 | |||
Subsequent to Acquisition | 5,857,364 | |||
Land | 15,142,300 | |||
Building & Improvement | 36,289,318 | |||
The company's investment | 51,431,618 | |||
Accumulated Depreciation | 18,829,986 | |||
Total Cost, Net of Accumulated Depreciation | 32,601,632 | |||
Encumbrances | ||||
Western Plaza - Mayaquez One [Member] | ||||
Initial Cost - Land | 10,857,773 | |||
Initial Cost - Building & Improvement | 12,252,522 | |||
Subsequent to Acquisition | 1,347,575 | |||
Land | 11,241,993 | |||
Building & Improvement | 13,215,877 | |||
The company's investment | 24,457,870 | |||
Accumulated Depreciation | 8,562,000 | |||
Total Cost, Net of Accumulated Depreciation | 15,895,870 | |||
Encumbrances | ||||
Western Plaza - Mayaguez Two [Member] | ||||
Initial Cost - Land | 16,874,345 | |||
Initial Cost - Building & Improvement | 19,911,045 | |||
Subsequent to Acquisition | 1,964,632 | |||
Land | 16,872,647 | |||
Building & Improvement | 21,877,375 | |||
The company's investment | 38,750,022 | |||
Accumulated Depreciation | 14,087,431 | |||
Total Cost, Net of Accumulated Depreciation | 24,662,591 | |||
Encumbrances | ||||
Manati Villa Maria SC [Member] | ||||
Initial Cost - Land | 2,781,447 | |||
Initial Cost - Building & Improvement | 5,673,119 | |||
Subsequent to Acquisition | 1,699,755 | |||
Land | 2,606,588 | |||
Building & Improvement | 7,547,733 | |||
The company's investment | 10,154,321 | |||
Accumulated Depreciation | 3,953,428 | |||
Total Cost, Net of Accumulated Depreciation | 6,200,893 | |||
Encumbrances | ||||
Ponce Town Center [Member] | ||||
Initial Cost - Land | 14,432,778 | |||
Initial Cost - Building & Improvement | 28,448,754 | |||
Subsequent to Acquisition | 4,875,507 | |||
Land | 14,903,024 | |||
Building & Improvement | 32,854,015 | |||
The company's investment | 47,757,039 | |||
Accumulated Depreciation | 15,091,421 | |||
Total Cost, Net of Accumulated Depreciation | 32,665,618 | |||
Encumbrances | ||||
Trujillo Alto Plaza [Member] | ||||
Initial Cost - Land | 12,053,673 | |||
Initial Cost - Building & Improvement | 24,445,858 | |||
Subsequent to Acquisition | 3,942,389 | |||
Land | 12,289,288 | |||
Building & Improvement | 28,152,632 | |||
The company's investment | 40,441,920 | |||
Accumulated Depreciation | 16,021,971 | |||
Total Cost, Net of Accumulated Depreciation | 24,419,949 | |||
Encumbrances | ||||
Marshall Plaza [Member] | ||||
Initial Cost - Land | 1,886,600 | |||
Initial Cost - Building & Improvement | 7,575,302 | |||
Subsequent to Acquisition | 1,797,067 | |||
Land | 1,886,600 | |||
Building & Improvement | 9,372,369 | |||
The company's investment | 11,258,969 | |||
Accumulated Depreciation | 4,569,037 | |||
Total Cost, Net of Accumulated Depreciation | 6,689,932 | |||
Encumbrances | ||||
St. Andrews Center [Member] | ||||
Initial Cost - Land | 730,164 | |||
Initial Cost - Building & Improvement | 3,132,092 | |||
Subsequent to Acquisition | 19,122,683 | |||
Land | 730,164 | |||
Building & Improvement | 22,254,775 | |||
The company's investment | 22,984,939 | |||
Accumulated Depreciation | 9,949,662 | |||
Total Cost, Net of Accumulated Depreciation | 13,035,277 | |||
Encumbrances | ||||
Westwood Plaza [Member] | ||||
Initial Cost - Land | 1,744,430 | |||
Initial Cost - Building & Improvement | 6,986,094 | |||
Subsequent to Acquisition | 6,970,136 | |||
Land | 1,726,833 | |||
Building & Improvement | 13,973,827 | |||
The company's investment | 15,700,660 | |||
Accumulated Depreciation | 4,352,208 | |||
Total Cost, Net of Accumulated Depreciation | 11,348,452 | |||
Encumbrances | ||||
Cherrydale Point [Member] | ||||
Initial Cost - Land | 5,801,948 | |||
Initial Cost - Building & Improvement | 32,055,019 | |||
Subsequent to Acquisition | 1,885,250 | |||
Land | 5,801,948 | |||
Building & Improvement | 33,940,269 | |||
The company's investment | 39,742,217 | |||
Accumulated Depreciation | 7,869,993 | |||
Total Cost, Net of Accumulated Depreciation | 31,872,224 | |||
Encumbrances | ||||
Woodruff Shopping Center [Member] | ||||
Initial Cost - Land | 3,110,439 | |||
Initial Cost - Building & Improvement | 15,501,117 | |||
Subsequent to Acquisition | 1,146,035 | |||
Land | 3,465,199 | |||
Building & Improvement | 16,292,392 | |||
The company's investment | 19,757,591 | |||
Accumulated Depreciation | 2,847,116 | |||
Total Cost, Net of Accumulated Depreciation | 16,910,475 | |||
Encumbrances | ||||
Forest Park [Member] | ||||
Initial Cost - Land | 1,920,241 | |||
Initial Cost - Building & Improvement | 9,544,875 | |||
Subsequent to Acquisition | 186,314 | |||
Land | 1,920,241 | |||
Building & Improvement | 9,731,189 | |||
The company's investment | 11,651,430 | |||
Accumulated Depreciation | 1,398,248 | |||
Total Cost, Net of Accumulated Depreciation | 10,253,182 | |||
Encumbrances | ||||
Old Towne Village [Member] | ||||
Initial Cost - Land | ||||
Initial Cost - Building & Improvement | 4,133,904 | |||
Subsequent to Acquisition | 4,003,667 | |||
Land | ||||
Building & Improvement | 8,137,571 | |||
The company's investment | 8,137,571 | |||
Accumulated Depreciation | 5,935,218 | |||
Total Cost, Net of Accumulated Depreciation | 2,202,353 | |||
Encumbrances | ||||
Hickory Ridge Commons [Member] | ||||
Initial Cost - Land | 596,347 | |||
Initial Cost - Building & Improvement | 2,545,033 | |||
Subsequent to Acquisition | (2,457,560) | |||
Land | 683,820 | |||
Building & Improvement | ||||
The company's investment | 683,820 | |||
Accumulated Depreciation | ||||
Total Cost, Net of Accumulated Depreciation | 683,820 | |||
Encumbrances | ||||
Center of the Hills [Member] | ||||
Initial Cost - Land | 2,923,585 | |||
Initial Cost - Building & Improvement | 11,706,145 | |||
Subsequent to Acquisition | 1,186,149 | |||
Land | 2,923,585 | |||
Building & Improvement | 12,892,294 | |||
The company's investment | 15,815,879 | |||
Accumulated Depreciation | 6,288,060 | |||
Total Cost, Net of Accumulated Depreciation | 9,527,819 | |||
Encumbrances | ||||
Dowlen Town Center II [Member] | ||||
Initial Cost - Land | 2,244,581 | |||
Initial Cost - Building & Improvement | ||||
Subsequent to Acquisition | (722,251) | |||
Land | 484,828 | |||
Building & Improvement | 1,037,502 | |||
The company's investment | 1,522,330 | |||
Accumulated Depreciation | 173,357 | |||
Total Cost, Net of Accumulated Depreciation | 1,348,973 | |||
Encumbrances | ||||
Gateway Station [Member] | ||||
Initial Cost - Land | 1,373,692 | |||
Initial Cost - Building & Improvement | 28,145,158 | |||
Subsequent to Acquisition | 137,320 | |||
Land | 1,374,880 | |||
Building & Improvement | 28,281,290 | |||
The company's investment | 29,656,170 | |||
Accumulated Depreciation | 3,653,199 | |||
Total Cost, Net of Accumulated Depreciation | 26,002,971 | |||
Encumbrances | ||||
Baytown Village S.C. [Member] | ||||
Initial Cost - Land | 500,422 | |||
Initial Cost - Building & Improvement | 2,431,651 | |||
Subsequent to Acquisition | 818,249 | |||
Land | 500,422 | |||
Building & Improvement | 3,249,900 | |||
The company's investment | 3,750,322 | |||
Accumulated Depreciation | 1,433,566 | |||
Total Cost, Net of Accumulated Depreciation | 2,316,756 | |||
Encumbrances | ||||
Las Tiendas Plaza [Member] | ||||
Initial Cost - Land | 8,678,107 | |||
Initial Cost - Building & Improvement | ||||
Subsequent to Acquisition | 27,525,578 | |||
Land | 7,943,925 | |||
Building & Improvement | 28,259,760 | |||
The company's investment | 36,203,685 | |||
Accumulated Depreciation | 5,068,574 | |||
Total Cost, Net of Accumulated Depreciation | 31,135,111 | |||
Encumbrances | ||||
Island Gate Plaza [Member] | ||||
Initial Cost - Land | ||||
Initial Cost - Building & Improvement | 944,562 | |||
Subsequent to Acquisition | 1,864,189 | |||
Land | ||||
Building & Improvement | 2,808,751 | |||
The company's investment | 2,808,751 | |||
Accumulated Depreciation | 976,939 | |||
Total Cost, Net of Accumulated Depreciation | 1,831,812 | |||
Encumbrances | ||||
Island Gate Plaza 2 [Member] | ||||
Initial Cost - Land | 4,343,000 | |||
Initial Cost - Building & Improvement | 4,723,215 | |||
Subsequent to Acquisition | 3,434,004 | |||
Land | 4,292,636 | |||
Building & Improvement | 8,207,583 | |||
The company's investment | 12,500,219 | |||
Accumulated Depreciation | 2,159,227 | |||
Total Cost, Net of Accumulated Depreciation | 10,340,992 | |||
Encumbrances | ||||
Conroe Marketplace [Member] | ||||
Initial Cost - Land | 18,869,087 | |||
Initial Cost - Building & Improvement | 50,756,554 | |||
Subsequent to Acquisition | (3,309,577) | |||
Land | 10,841,611 | |||
Building & Improvement | 55,474,453 | |||
The company's investment | 66,316,064 | |||
Accumulated Depreciation | 4,351,300 | |||
Total Cost, Net of Accumulated Depreciation | 61,964,764 | |||
Encumbrances | ||||
Montgomery Plaza [Member] | ||||
Initial Cost - Land | 10,739,067 | |||
Initial Cost - Building & Improvement | 63,065,333 | |||
Subsequent to Acquisition | (281,830) | |||
Land | 10,738,796 | |||
Building & Improvement | 62,783,774 | |||
The company's investment | 73,522,570 | |||
Accumulated Depreciation | 6,158,788 | |||
Total Cost, Net of Accumulated Depreciation | 67,363,782 | |||
Encumbrances | 28,821,667 | |||
Preston Lebanon Crossing [Member] | ||||
Initial Cost - Land | 13,552,180 | |||
Initial Cost - Building & Improvement | ||||
Subsequent to Acquisition | 26,717,900 | |||
Land | 12,163,694 | |||
Building & Improvement | 28,106,386 | |||
The company's investment | 40,270,080 | |||
Accumulated Depreciation | 5,930,870 | |||
Total Cost, Net of Accumulated Depreciation | 34,339,210 | |||
Encumbrances | ||||
Lake Prairie Town Crossing [Member] | ||||
Initial Cost - Land | 7,897,491 | |||
Initial Cost - Building & Improvement | ||||
Subsequent to Acquisition | 28,539,296 | |||
Land | 6,783,464 | |||
Building & Improvement | 29,653,323 | |||
The company's investment | 36,436,787 | |||
Accumulated Depreciation | 5,059,248 | |||
Total Cost, Net of Accumulated Depreciation | 31,377,539 | |||
Encumbrances | ||||
Center at Baybrook [Member] | ||||
Initial Cost - Land | 6,941,017 | |||
Initial Cost - Building & Improvement | 27,727,491 | |||
Subsequent to Acquisition | 8,890,735 | |||
Land | 6,928,120 | |||
Building & Improvement | 36,631,123 | |||
The company's investment | 43,559,243 | |||
Accumulated Depreciation | 15,483,311 | |||
Total Cost, Net of Accumulated Depreciation | 28,075,932 | |||
Encumbrances | ||||
Cypress Towne Center [Member] | ||||
Initial Cost - Land | 6,033,932 | |||
Initial Cost - Building & Improvement | ||||
Subsequent to Acquisition | 1,636,605 | |||
Land | 2,251,666 | |||
Building & Improvement | 5,418,871 | |||
The company's investment | 7,670,537 | |||
Accumulated Depreciation | 882,419 | |||
Total Cost, Net of Accumulated Depreciation | 6,788,118 | |||
Encumbrances | ||||
Cypress Towne Center 2 [Member] | ||||
Initial Cost - Land | 12,329,195 | |||
Initial Cost - Building & Improvement | 36,836,381 | |||
Subsequent to Acquisition | ||||
Land | 12,329,195 | |||
Building & Improvement | 36,836,381 | |||
The company's investment | 49,165,576 | |||
Accumulated Depreciation | 398,790 | |||
Total Cost, Net of Accumulated Depreciation | 48,766,786 | |||
Encumbrances | ||||
Cypress Towne Center (Phase II) [Member] | ||||
Initial Cost - Land | 2,061,477 | |||
Initial Cost - Building & Improvement | 6,157,862 | |||
Subsequent to Acquisition | ||||
Land | 2,061,477 | |||
Building & Improvement | 6,157,862 | |||
The company's investment | 8,219,339 | |||
Accumulated Depreciation | 66,679 | |||
Total Cost, Net of Accumulated Depreciation | 8,152,660 | |||
Encumbrances | ||||
The Centre at Copperfield [Member] | ||||
Initial Cost - Land | 6,723,267 | |||
Initial Cost - Building & Improvement | 22,524,551 | |||
Subsequent to Acquisition | 147,681 | |||
Land | 6,723,357 | |||
Building & Improvement | 22,672,142 | |||
The company's investment | 29,395,499 | |||
Accumulated Depreciation | 1,765,721 | |||
Total Cost, Net of Accumulated Depreciation | 27,629,778 | |||
Encumbrances | ||||
Copperwood Village [Member] | ||||
Initial Cost - Land | 13,848,109 | |||
Initial Cost - Building & Improvement | 84,183,731 | |||
Subsequent to Acquisition | 488,670 | |||
Land | 13,848,109 | |||
Building & Improvement | 84,672,401 | |||
The company's investment | 98,520,510 | |||
Accumulated Depreciation | 8,574,685 | |||
Total Cost, Net of Accumulated Depreciation | 89,945,825 | |||
Encumbrances | ||||
Atascocita Commons Shop CTR [Member] | ||||
Initial Cost - Land | 16,322,636 | |||
Initial Cost - Building & Improvement | 54,587,066 | |||
Subsequent to Acquisition | 640,629 | |||
Land | 16,099,004 | |||
Building & Improvement | 55,451,327 | |||
The company's investment | 71,550,331 | |||
Accumulated Depreciation | 6,426,983 | |||
Total Cost, Net of Accumulated Depreciation | 65,123,348 | |||
Encumbrances | 28,723,371 | |||
Tomball Crossings [Member] | ||||
Initial Cost - Land | 8,517,427 | |||
Initial Cost - Building & Improvement | 28,484,450 | |||
Subsequent to Acquisition | (22,511) | |||
Land | 7,964,894 | |||
Building & Improvement | 29,014,472 | |||
The company's investment | 36,979,366 | |||
Accumulated Depreciation | 3,597,691 | |||
Total Cost, Net of Accumulated Depreciation | 33,381,675 | |||
Encumbrances | ||||
Copperfield Village Shop CTR [Member] | ||||
Initial Cost - Land | 7,827,639 | |||
Initial Cost - Building & Improvement | 34,864,441 | |||
Subsequent to Acquisition | 140,205 | |||
Land | 7,827,639 | |||
Building & Improvement | 35,004,646 | |||
The company's investment | 42,832,285 | |||
Accumulated Depreciation | 2,785,358 | |||
Total Cost, Net of Accumulated Depreciation | 40,046,927 | |||
Encumbrances | ||||
Shops at Vista Ridge [Member] | ||||
Initial Cost - Land | 3,257,199 | |||
Initial Cost - Building & Improvement | 13,029,416 | |||
Subsequent to Acquisition | 2,198,969 | |||
Land | 3,257,199 | |||
Building & Improvement | 15,228,385 | |||
The company's investment | 18,485,584 | |||
Accumulated Depreciation | 6,908,102 | |||
Total Cost, Net of Accumulated Depreciation | 11,577,482 | |||
Encumbrances | ||||
Vista Ridge Plaza [Member] | ||||
Initial Cost - Land | 2,926,495 | |||
Initial Cost - Building & Improvement | 11,716,483 | |||
Subsequent to Acquisition | 2,584,098 | |||
Land | 2,926,495 | |||
Building & Improvement | 14,300,581 | |||
The company's investment | 17,227,076 | |||
Accumulated Depreciation | 6,722,152 | |||
Total Cost, Net of Accumulated Depreciation | 10,504,924 | |||
Encumbrances | ||||
Vista Ridge Plaza 2 [Member] | ||||
Initial Cost - Land | 2,276,575 | |||
Initial Cost - Building & Improvement | 9,106,300 | |||
Subsequent to Acquisition | 1,355,098 | |||
Land | 2,276,575 | |||
Building & Improvement | 10,461,398 | |||
The company's investment | 12,737,973 | |||
Accumulated Depreciation | 4,969,800 | |||
Total Cost, Net of Accumulated Depreciation | 7,768,173 | |||
Encumbrances | ||||
Kroger Plaza [Member] | ||||
Initial Cost - Land | 520,340 | |||
Initial Cost - Building & Improvement | 2,081,356 | |||
Subsequent to Acquisition | 1,359,284 | |||
Land | 520,340 | |||
Building & Improvement | 3,440,640 | |||
The company's investment | 3,960,980 | |||
Accumulated Depreciation | 1,790,106 | |||
Total Cost, Net of Accumulated Depreciation | 2,170,874 | |||
Encumbrances | ||||
Accent Plaza [Member] | ||||
Initial Cost - Land | 500,414 | |||
Initial Cost - Building & Improvement | 2,830,835 | |||
Subsequent to Acquisition | ||||
Land | 500,414 | |||
Building & Improvement | 2,830,835 | |||
The company's investment | 3,331,249 | |||
Accumulated Depreciation | 1,464,554 | |||
Total Cost, Net of Accumulated Depreciation | 1,866,695 | |||
Encumbrances | ||||
Southlake Oaks Phase II - 480 W. [Member] | ||||
Initial Cost - Land | 3,011,260 | |||
Initial Cost - Building & Improvement | 7,703,844 | |||
Subsequent to Acquisition | 103,968 | |||
Land | 3,016,617 | |||
Building & Improvement | 7,802,455 | |||
The company's investment | 10,819,072 | |||
Accumulated Depreciation | 2,611,864 | |||
Total Cost, Net of Accumulated Depreciation | 8,207,208 | |||
Encumbrances | ||||
Woodbridge Shopping Center [Member] | ||||
Initial Cost - Land | 2,568,705 | |||
Initial Cost - Building & Improvement | 6,813,716 | |||
Subsequent to Acquisition | 60,806 | |||
Land | 2,568,705 | |||
Building & Improvement | 6,874,522 | |||
The company's investment | 9,443,227 | |||
Accumulated Depreciation | 1,137,926 | |||
Total Cost, Net of Accumulated Depreciation | 8,305,301 | |||
Encumbrances | ||||
Grand Parkway Marketplace [Member] | ||||
Initial Cost - Land | 25,363,548 | |||
Initial Cost - Building & Improvement | ||||
Subsequent to Acquisition | 49,662,448 | |||
Land | 75,025,996 | |||
Building & Improvement | ||||
The company's investment | 75,025,996 | |||
Accumulated Depreciation | ||||
Total Cost, Net of Accumulated Depreciation | 75,025,996 | |||
Encumbrances | ||||
Grand Parkway Marketplace II [Member] | ||||
Initial Cost - Land | 13,436,447 | |||
Initial Cost - Building & Improvement | ||||
Subsequent to Acquisition | 6,378,376 | |||
Land | 19,814,823 | |||
Building & Improvement | ||||
The company's investment | 19,814,823 | |||
Accumulated Depreciation | ||||
Total Cost, Net of Accumulated Depreciation | 19,814,823 | |||
Encumbrances | ||||
Temple Towne Center [Member[ | ||||
Initial Cost - Land | 609,317 | |||
Initial Cost - Building & Improvement | 2,983,262 | |||
Subsequent to Acquisition | 1 | |||
Land | 609,317 | |||
Building & Improvement | 2,983,263 | |||
The company's investment | 3,592,580 | |||
Accumulated Depreciation | 258,770 | |||
Total Cost, Net of Accumulated Depreciation | 3,333,810 | |||
Encumbrances | ||||
Temple Towne Center II [Member] | ||||
Initial Cost - Land | 4,909,857 | |||
Initial Cost - Building & Improvement | 25,882,414 | |||
Subsequent to Acquisition | 24,910 | |||
Land | 4,909,857 | |||
Building & Improvement | 25,907,324 | |||
The company's investment | 30,817,181 | |||
Accumulated Depreciation | 3,096,902 | |||
Total Cost, Net of Accumulated Depreciation | 27,720,279 | |||
Encumbrances | ||||
Burke Town Plaza [Member] | ||||
Initial Cost - Land | ||||
Initial Cost - Building & Improvement | 43,240,068 | |||
Subsequent to Acquisition | (77,919) | |||
Land | ||||
Building & Improvement | 43,162,149 | |||
The company's investment | 43,162,149 | |||
Accumulated Depreciation | 4,705,503 | |||
Total Cost, Net of Accumulated Depreciation | 38,456,646 | |||
Encumbrances | ||||
Old Town Plaza [Member] | ||||
Initial Cost - Land | 4,500,000 | |||
Initial Cost - Building & Improvement | 41,569,735 | |||
Subsequent to Acquisition | (13,561,193) | |||
Land | 3,087,520 | |||
Building & Improvement | 29,421,022 | |||
The company's investment | 32,508,542 | |||
Accumulated Depreciation | 5,331,198 | |||
Total Cost, Net of Accumulated Depreciation | 27,177,344 | |||
Encumbrances | ||||
Skyline Village [Member] | ||||
Initial Cost - Land | 10,145,283 | |||
Initial Cost - Building & Improvement | 28,764,045 | |||
Subsequent to Acquisition | 119,265 | |||
Land | 10,573,875 | |||
Building & Improvement | 28,454,718 | |||
The company's investment | 39,028,593 | |||
Accumulated Depreciation | 2,408,808 | |||
Total Cost, Net of Accumulated Depreciation | 36,619,785 | |||
Encumbrances | 28,540,865 | |||
Sudley Towne Plaza [Member] | ||||
Initial Cost - Land | 4,114,293 | |||
Initial Cost - Building & Improvement | 15,988,465 | |||
Subsequent to Acquisition | (2,870) | |||
Land | 4,114,293 | |||
Building & Improvement | 15,985,595 | |||
The company's investment | 20,099,888 | |||
Accumulated Depreciation | 1,223,448 | |||
Total Cost, Net of Accumulated Depreciation | 18,876,440 | |||
Encumbrances | ||||
Burlington Coat Center [Member] | ||||
Initial Cost - Land | 670,500 | |||
Initial Cost - Building & Improvement | 2,751,375 | |||
Subsequent to Acquisition | 1,666,127 | |||
Land | 670,500 | |||
Building & Improvement | 4,417,502 | |||
The company's investment | 5,088,002 | |||
Accumulated Depreciation | 1,555,483 | |||
Total Cost, Net of Accumulated Depreciation | 3,532,519 | |||
Encumbrances | ||||
Towne Square [Member] | ||||
Initial Cost - Land | 8,499,373 | |||
Initial Cost - Building & Improvement | 24,302,141 | |||
Subsequent to Acquisition | 1,558,230 | |||
Land | 8,858,432 | |||
Building & Improvement | 25,501,312 | |||
The company's investment | 34,359,744 | |||
Accumulated Depreciation | 2,148,027 | |||
Total Cost, Net of Accumulated Depreciation | 32,211,717 | |||
Encumbrances | 24,915,548 | |||
Potomac Run Plaza [Member] | ||||
Initial Cost - Land | 27,369,515 | |||
Initial Cost - Building & Improvement | 48,451,209 | |||
Subsequent to Acquisition | (1,609,051) | |||
Land | 27,369,515 | |||
Building & Improvement | 46,842,158 | |||
The company's investment | 74,211,673 | |||
Accumulated Depreciation | 12,954,070 | |||
Total Cost, Net of Accumulated Depreciation | 61,257,603 | |||
Encumbrances | ||||
Dulles Town Crossing [Member] | ||||
Initial Cost - Land | 53,285,116 | |||
Initial Cost - Building & Improvement | 104,175,738 | |||
Subsequent to Acquisition | (400,522) | |||
Land | 53,285,116 | |||
Building & Improvement | 103,775,216 | |||
The company's investment | 157,060,332 | |||
Accumulated Depreciation | 11,215,337 | |||
Total Cost, Net of Accumulated Depreciation | 145,844,995 | |||
Encumbrances | ||||
Docstone Commons [Member] | ||||
Initial Cost - Land | 3,839,249 | |||
Initial Cost - Building & Improvement | 11,468,264 | |||
Subsequent to Acquisition | ||||
Land | 3,839,249 | |||
Building & Improvement | 11,468,264 | |||
The company's investment | 15,307,513 | |||
Accumulated Depreciation | 124,181 | |||
Total Cost, Net of Accumulated Depreciation | 15,183,332 | |||
Encumbrances | 11,123,972 | |||
Docstone O/P - Staples [Member] | ||||
Initial Cost - Land | 1,425,307 | |||
Initial Cost - Building & Improvement | 4,317,552 | |||
Subsequent to Acquisition | ||||
Land | 1,425,307 | |||
Building & Improvement | 4,317,552 | |||
The company's investment | 5,742,859 | |||
Accumulated Depreciation | 46,102 | |||
Total Cost, Net of Accumulated Depreciation | 5,696,757 | |||
Encumbrances | ||||
Stafford Marketplace [Member] | ||||
Initial Cost - Land | 26,893,429 | |||
Initial Cost - Building & Improvement | 86,449,614 | |||
Subsequent to Acquisition | 71,698 | |||
Land | 26,893,429 | |||
Building & Improvement | 86,521,312 | |||
The company's investment | 113,414,741 | |||
Accumulated Depreciation | 6,751,401 | |||
Total Cost, Net of Accumulated Depreciation | 106,663,340 | |||
Encumbrances | ||||
Auburn North [Member] | ||||
Initial Cost - Land | 7,785,841 | |||
Initial Cost - Building & Improvement | 18,157,625 | |||
Subsequent to Acquisition | 1,466,041 | |||
Land | 7,785,841 | |||
Building & Improvement | 19,623,666 | |||
The company's investment | 27,409,507 | |||
Accumulated Depreciation | 6,662,844 | |||
Total Cost, Net of Accumulated Depreciation | 20,746,663 | |||
Encumbrances | ||||
The Marketplace at Factoria [Member] | ||||
Initial Cost - Land | 60,502,358 | |||
Initial Cost - Building & Improvement | 92,696,231 | |||
Subsequent to Acquisition | 2,554,967 | |||
Land | 60,502,358 | |||
Building & Improvement | 95,251,198 | |||
The company's investment | 155,753,556 | |||
Accumulated Depreciation | 15,307,136 | |||
Total Cost, Net of Accumulated Depreciation | 140,446,420 | |||
Encumbrances | 56,633,213 | |||
Frontier Village Shopping CTR [Member] | ||||
Initial Cost - Land | 10,750,863 | |||
Initial Cost - Building & Improvement | 35,649,111 | |||
Subsequent to Acquisition | 96,299 | |||
Land | 10,750,863 | |||
Building & Improvement | 35,745,410 | |||
The company's investment | 46,496,273 | |||
Accumulated Depreciation | 5,383,855 | |||
Total Cost, Net of Accumulated Depreciation | 41,112,418 | |||
Encumbrances | ||||
Gateway Shopping Center [Member] | ||||
Initial Cost - Land | 6,937,929 | |||
Initial Cost - Building & Improvement | 11,270,322 | |||
Subsequent to Acquisition | ||||
Land | 6,937,929 | |||
Building & Improvement | 11,270,322 | |||
The company's investment | 18,208,251 | |||
Accumulated Depreciation | 241,160 | |||
Total Cost, Net of Accumulated Depreciation | 17,967,091 | |||
Encumbrances | ||||
Olympia West Outparcel [Member] | ||||
Initial Cost - Land | 360,000 | |||
Initial Cost - Building & Improvement | 799,640 | |||
Subsequent to Acquisition | 100,360 | |||
Land | 360,000 | |||
Building & Improvement | 900,000 | |||
The company's investment | 1,260,000 | |||
Accumulated Depreciation | 102,255 | |||
Total Cost, Net of Accumulated Depreciation | 1,157,745 | |||
Encumbrances | ||||
Franklin Park Commons [Member] | ||||
Initial Cost - Land | 5,418,825 | |||
Initial Cost - Building & Improvement | 11,988,657 | |||
Subsequent to Acquisition | 977,979 | |||
Land | 5,418,825 | |||
Building & Improvement | 12,966,636 | |||
The company's investment | 18,385,461 | |||
Accumulated Depreciation | 1,277,370 | |||
Total Cost, Net of Accumulated Depreciation | 17,108,091 | |||
Encumbrances | ||||
Silverdale Plaza [Member] | ||||
Initial Cost - Land | 3,875,013 | |||
Initial Cost - Building & Improvement | 32,272,736 | |||
Subsequent to Acquisition | 86,050 | |||
Land | 3,755,613 | |||
Building & Improvement | 32,478,186 | |||
The company's investment | 36,233,799 | |||
Accumulated Depreciation | 4,689,699 | |||
Total Cost, Net of Accumulated Depreciation | 31,544,100 | |||
Encumbrances | ||||
Blue Ridge [Member] | ||||
Initial Cost - Land | 12,346,900 | |||
Initial Cost - Building & Improvement | 71,529,796 | |||
Subsequent to Acquisition | (35,751,174) | |||
Land | 6,158,426 | |||
Building & Improvement | 41,967,096 | |||
The company's investment | 48,125,522 | |||
Accumulated Depreciation | 19,367,363 | |||
Total Cost, Net of Accumulated Depreciation | 28,758,159 | |||
Encumbrances | 6,870,989 | |||
Micro Properties [Member] | ||||
Initial Cost - Land | 24,206,390 | |||
Initial Cost - Building & Improvement | 56,481,576 | |||
Subsequent to Acquisition | (74,328,657) | |||
Land | 2,038,463 | |||
Building & Improvement | 4,320,846 | |||
The company's investment | 6,359,309 | |||
Accumulated Depreciation | 904,208 | |||
Total Cost, Net of Accumulated Depreciation | 5,455,101 | |||
Encumbrances | ||||
KRC North Loan IV, Inc [Member] | ||||
Initial Cost - Land | 23,516,663 | |||
Initial Cost - Building & Improvement | ||||
Subsequent to Acquisition | (5,308,827) | |||
Land | 18,207,836 | |||
Building & Improvement | ||||
The company's investment | 18,207,836 | |||
Accumulated Depreciation | ||||
Total Cost, Net of Accumulated Depreciation | 18,207,836 | |||
Encumbrances | ||||
Balance of Portfolio [Member] | ||||
Initial Cost - Land | 1,907,178 | |||
Initial Cost - Building & Improvement | 65,127,203 | |||
Subsequent to Acquisition | 6,458,145 | |||
Land | 13,419,726 | |||
Building & Improvement | 60,072,800 | |||
The company's investment | 73,492,526 | |||
Accumulated Depreciation | 37,230,123 | |||
Total Cost, Net of Accumulated Depreciation | 36,262,403 | |||
Encumbrances | $ 11,608,413 |
Schedule III - Real Estate a130
Schedule III - Real Estate and Accumulated Depreciation - Depreciation and Amortization (Details) - Buildings and Building Improvements Held For Investment [Member] | 12 Months Ended |
Dec. 31, 2016 | |
Minimum [Member] | |
Buildings and building improvements (in years) (Year) | 15 years |
Maximum [Member] | |
Buildings and building improvements (in years) (Year) | 50 years |
Schedule III - Real Estate a131
Schedule III - Real Estate and Accumulated Depreciation - Changes in Real Estate Assets (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Balance, beginning of period | $ 11,568,809,126 | $ 10,018,225,775 | $ 9,123,343,869 |
Acquisitions | 181,719,189 | 278,401,182 | 548,553,619 |
Improvements | 217,668,292 | 191,662,698 | 134,921,993 |
Transfers from (to) unconsolidated joint ventures | 615,511,560 | 1,673,542,610 | 1,065,330,540 |
Sales | (391,758,149) | (507,185,370) | (781,200,981) |
Assets held for sale | (12,608,829) | (587,007) | |
Adjustment of fully depreciated asset | (80,660,536) | (56,774,522) | (8,628,954) |
Adjustment of property carrying values | (91,204,249) | (18,432,226) | (32,935,408) |
Change in exchange rate | 598,744 | (10,044,014) | (31,158,903) |
Balance, end of period | 12,008,075,148 | 11,568,809,126 | 10,018,225,775 |
Balance, beginning of period | 2,115,319,888 | 1,955,405,720 | 1,878,680,836 |
Depreciation for year | 344,179,201 | 333,948,605 | 256,088,382 |
Transfers from (to) unconsolidated joint ventures | |||
Sales | (97,063,934) | (116,864,875) | (167,458,882) |
Adjustment of fully depreciated asset | (80,660,536) | (56,774,522) | (8,628,954) |
Assets held for sale | (3,482,974) | ||
Change in exchange rate | (395,040) | (3,275,662) | |
Balance, end of period | $ 2,278,291,645 | $ 2,115,319,888 | $ 1,955,405,720 |
Schedule IV - Mortgage Loans132
Schedule IV - Mortgage Loans on Real Estate (Details Textual) $ in Thousands | 12 Months Ended | |
Dec. 31, 2016USD ($) | ||
Mortgage Loans on Real Estate, Federal Income Tax Basis | $ 23,200 | |
Mortgage Loans on Real Estate, Number of Loans | 12 | |
Mortgage Loans on Real Estate, Face Amount of Mortgages | $ 31,136 | [1] |
Mortgages [Member] | ||
Mortgage Loans on Real Estate, Face Amount of Mortgages | $ 30,536 | [1] |
Individually Less Than 3% [Member] | Mortgages [Member] | ||
Mortgage Loans on Real Estate, Number of Loans | 4 | |
Mortgage Loans on Real Estate, Face Amount of Mortgages | $ 2,922 | [1] |
Mortgage Loans on Real Estate, Interest Rate | [2] | |
Mortgage Loans on Real Estate, Final Maturity Date | [3] | |
Individually Less Than 3% [Member] | Mortgages [Member] | Minimum [Member] | ||
Mortgage Loans on Real Estate, Face Amount of Mortgages | $ 200 | |
Mortgage Loans on Real Estate, Interest Rate | 6.88% | |
Mortgage Loans on Real Estate, Final Maturity Date | Oct. 19, 2019 | |
Individually Less Than 3% [Member] | Mortgages [Member] | Maximum [Member] | ||
Mortgage Loans on Real Estate, Face Amount of Mortgages | $ 400 | |
Mortgage Loans on Real Estate, Interest Rate | 9.00% | |
Mortgage Loans on Real Estate, Final Maturity Date | Dec. 1, 2030 | |
[1] | The instruments actual cash flows are denominated in U.S. dollars and Canadian dollars as indicated by the geographic location above | |
[2] | Interest rates range from 6.88% to 9.00% | |
[3] | Maturity dates range from October 19, 2019 to December 1, 2030 |
Schedule IV - Mortgage Loans133
Schedule IV - Mortgage Loans on Real Estate - Mortgage Loans on Real Estate (Details) $ in Thousands | 12 Months Ended | |
Dec. 31, 2016USD ($) | ||
Face Amount of Mortgages or Maximum Available Credit | $ 31,136 | [1] |
Carrying Amount of Mortgages | 23,197 | [1],[2] |
Capitalized loan costs | 6 | [1],[2] |
Mortgages [Member] | ||
Face Amount of Mortgages or Maximum Available Credit | 30,536 | [1] |
Carrying Amount of Mortgages | $ 22,784 | [1],[2] |
Borrower A [Member] | Mortgages [Member] | ||
Interest Accrual Rates | 5.00% | |
Interest Payment Rates | 5.00% | |
Final Maturity Date | Jul. 31, 2017 | |
Face Amount of Mortgages or Maximum Available Credit | $ 5,730 | [1] |
Carrying Amount of Mortgages | $ 5,314 | [1],[2] |
Borrower B [Member] | Mortgages [Member] | ||
Interest Accrual Rates | 6.50% | |
Interest Payment Rates | 6.50% | |
Final Maturity Date | Mar. 4, 2033 | |
Face Amount of Mortgages or Maximum Available Credit | $ 5,014 | [1] |
Carrying Amount of Mortgages | $ 5,014 | [1],[2] |
Borrower C [Member] | Mortgages [Member] | ||
Interest Accrual Rates | 12.00% | |
Interest Payment Rates | 12.00% | |
Final Maturity Date | May 14, 2033 | |
Face Amount of Mortgages or Maximum Available Credit | $ 3,075 | [1] |
Carrying Amount of Mortgages | $ 3,075 | [1],[2] |
Borrower D [Member] | Mortgages [Member] | ||
Interest Accrual Rates | 7.57% | |
Interest Payment Rates | 7.57% | |
Final Maturity Date | Jun. 1, 2019 | |
Face Amount of Mortgages or Maximum Available Credit | $ 3,966 | [1] |
Carrying Amount of Mortgages | $ 2,078 | [1],[2] |
Borrower E [Member] | Mortgages [Member] | ||
Interest Accrual Rates | 7.57% | |
Interest Payment Rates | 7.57% | |
Final Maturity Date | Jun. 1, 2019 | |
Face Amount of Mortgages or Maximum Available Credit | $ 4,201 | [1] |
Carrying Amount of Mortgages | $ 2,037 | [1],[2] |
Borrower F [Member] | Mortgages [Member] | ||
Interest Accrual Rates | 7.57% | |
Interest Payment Rates | 7.57% | |
Final Maturity Date | Jun. 1, 2019 | |
Face Amount of Mortgages or Maximum Available Credit | $ 3,678 | [1] |
Carrying Amount of Mortgages | $ 1,923 | [1],[2] |
Borrower G [Member] | Mortgages [Member] | ||
Interest Accrual Rates | 6.00% | |
Interest Payment Rates | 6.00% | |
Final Maturity Date | Dec. 9, 2024 | |
Face Amount of Mortgages or Maximum Available Credit | $ 1,950 | [1] |
Carrying Amount of Mortgages | $ 1,950 | [1],[2] |
Individually Less Than 3% [Member] | Mortgages [Member] | ||
Interest Accrual Rates | [3] | |
Interest Payment Rates | [3] | |
Final Maturity Date | [4] | |
Face Amount of Mortgages or Maximum Available Credit | $ 2,922 | [1] |
Carrying Amount of Mortgages | $ 1,393 | [1],[2] |
Individually Less Than 3% [Member] | Other Loans on Real Estate [Member] | ||
Interest Accrual Rates | 2.28% | |
Interest Payment Rates | 2.28% | |
Final Maturity Date | Apr. 1, 2027 | |
Face Amount of Mortgages or Maximum Available Credit | $ 600 | [1] |
Carrying Amount of Mortgages | $ 407 | [1],[2] |
[1] | The instruments actual cash flows are denominated in U.S. dollars and Canadian dollars as indicated by the geographic location above | |
[2] | The aggregate cost for Federal income tax purposes is $23.2 million | |
[3] | Interest rates range from 6.88% to 9.00% | |
[4] | Maturity dates range from October 19, 2019 to December 1, 2030 |