Document And Entity Information
Document And Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2019 | Feb. 05, 2020 | Jun. 28, 2019 | |
Document Information [Line Items] | |||
Entity Central Index Key | 0000879101 | ||
Entity Registrant Name | KIMCO REALTY CORP | ||
Amendment Flag | false | ||
Current Fiscal Year End Date | --12-31 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2019 | ||
Document Type | 10-K | ||
Document Annual Report | true | ||
Document Period End Date | Dec. 31, 2019 | ||
Document Transition Report | false | ||
Entity File Number | 1-10899 | ||
Entity Incorporation, State or Country Code | MD | ||
Entity Tax Identification Number | 13-2744380 | ||
Entity Address, Address Line One | 500 North Broadway, Suite 201 | ||
Entity Address, City or Town | Jericho | ||
Entity Address, State or Province | NY | ||
Entity Address, Postal Zip Code | 11753 | ||
City Area Code | 516 | ||
Local Phone Number | 869-9000 | ||
Entity Well-known Seasoned Issuer | Yes | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Large Accelerated Filer | ||
Entity Small Business | false | ||
Entity Emerging Growth Company | false | ||
Entity Shell Company | false | ||
Entity Public Float | $ 7,600,000,000 | ||
Entity Common Stock, Shares Outstanding | 431,820,951 | ||
Class M Cumulative Redeemable Preferred Stock [Member] | |||
Document Information [Line Items] | |||
Title of 12(b) Security | Depositary Shares, each representing one-thousandth of a share of 5.250% Class M CumulativeĀ Redeemable Preferred Stock, $1.00 par value per share | ||
Trading Symbol | KIMprM | ||
Security Exchange Name | NYSE | ||
Class L Cumulative Redeemable Preferred Stock [Member] | |||
Document Information [Line Items] | |||
Title of 12(b) Security | Depositary Shares, each representing one-thousandth of a share of 5.125% Class L Cumulative Redeemable, Preferred Stock, $1.00 par value per share | ||
Trading Symbol | KIMprL | ||
Security Exchange Name | NYSE | ||
Common Stock 1 [Member] | |||
Document Information [Line Items] | |||
Title of 12(b) Security | Common Stock, par value $.01 per share | ||
Trading Symbol | KIM | ||
Security Exchange Name | NYSE |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 | |
Assets: | |||
Land | $ 2,788,155 | $ 2,822,691 | |
Building and improvements | 8,920,951 | 8,813,115 | |
Real estate | 11,709,106 | 11,635,806 | |
Less: accumulated depreciation and amortization | [1] | (2,500,053) | (2,385,287) |
Total real estate, net | 9,209,053 | 9,250,519 | |
Real estate under development | [2] | 220,170 | |
Investments in and advances to real estate joint ventures | 578,100 | 570,900 | |
Cash and cash equivalents | 123,947 | 143,581 | |
Accounts and notes receivable, net | 218,689 | 184,528 | |
Deferred charges and prepaid expenses | 150,330 | 156,155 | |
Operating lease right-of-use assets, net | 99,125 | 0 | |
Other assets | 204,035 | 259,888 | |
Total assets | [3] | 10,997,867 | 10,999,100 |
Liabilities: | |||
Notes payable, net | 4,831,759 | 4,381,456 | |
Mortgages and construction loan payable, net | 484,008 | 492,416 | |
Accounts payable and accrued expenses | 170,082 | 174,903 | |
Dividends payable | 126,274 | 130,262 | |
Operating lease liabilities | 92,711 | 0 | |
Other liabilities | 346,183 | 385,328 | |
Total liabilities | [4] | 6,051,017 | 5,564,365 |
Redeemable noncontrolling interests | 17,943 | 23,682 | |
Commitments and contingencies (Footnote 19) | |||
Stockholders' equity: | |||
Preferred stock, $1.00 par value, authorized 7,054,000 shares; undesignated 6,019,240, and 5,996,240 shares, respectively; Issued and outstanding (in series) 19,580, and 42,580 shares, respectively. Aggregate liquidation preference $489,500, and $1,064,500, respectively | 20 | 43 | |
Common stock, $.01 par value, authorized 750,000,000 shares; issued and outstanding 431,814,951, and 421,388,879 shares, respectively | 4,318 | 4,214 | |
Paid-in capital | 5,765,233 | 6,117,254 | |
Cumulative distributions in excess of net income | (904,679) | (787,707) | |
Total stockholders' equity | 4,864,892 | 5,333,804 | |
Noncontrolling interests | 64,015 | 77,249 | |
Total equity | 4,928,907 | 5,411,053 | |
Total liabilities and equity | 10,997,867 | 10,999,100 | |
Real Estate Under Development [Member] | |||
Assets: | |||
Real estate under development | 220,170 | 241,384 | |
Investments in and Advances to Real Estate Joint Ventures [Member] | |||
Assets: | |||
Investments in and advances to real estate joint ventures | 578,118 | 570,922 | |
Other Real Estate Investments [Member] | |||
Assets: | |||
Other real estate investments | $ 194,400 | $ 192,123 | |
[1] | At December 31, 2018 and 2017, the Company had accumulated amortization relating to in-place leases, tenant relationships and above-market leases aggregating $466,576 and $459,211, respectively. | ||
[2] | Includes capitalized costs of interest, real estate taxes, insurance, legal costs and payroll of $21.3 million and $24.9 million, as of December 31, 2019 and 2018, respectively. | ||
[3] | Includes restricted assets of consolidated variable interest entities ("VIEs") at December 31, 2019 and December 31, 2018 of $245,489 and $239,012, respectively. See Footnote 9 of the Notes to Consolidated Financial Statements. | ||
[4] | Includes non-recourse liabilities of consolidated VIEs at December 31, 2019 and December 31, 2018 of $153,436 and $143,186, respectively. See Footnote 9 of the Notes to Consolidated Financial Statements. |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 |
Assets of consolidated variable interest entities | $ 245,489 | $ 239,012 |
Liabilities of consolidated variable interest entities | $ 153,436 | $ 143,186 |
Preferred stock, par value (in dollars per share) | $ 1 | $ 1 |
Preferred stock, shares authorized (in shares) | 7,054,000 | 7,054,000 |
Preferred stock, shares issued (in shares) | 19,580 | 42,580 |
Preferred stock, shares outstanding (in shares) | 19,580 | 42,580 |
Preferred stock, liquidation preference | $ 489,500 | $ 1,064,500 |
Preferred stock, undesignated (in shares) | 6,019,240 | 5,996,240 |
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) | 431,814,951 | 421,388,879 |
Common stock, shares outstanding (in shares) | 431,814,951 | 421,388,879 |
Consolidated Statements of Inco
Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | ||
Revenues | ||||
Revenues from rental properties | $ 1,142,334 | $ 1,149,603 | $ 1,183,785 | |
Revenue | 16,550 | 15,159 | 17,049 | |
Total revenues | 1,158,884 | 1,164,762 | 1,200,834 | |
Operating expenses | ||||
Rent | (11,311) | (10,929) | (11,145) | |
Real estate taxes | (153,659) | (153,336) | (157,196) | |
Operating and maintenance | (171,981) | (164,294) | (169,552) | |
General and administrative | (96,942) | (87,797) | (91,690) | |
Provision for doubtful accounts | 0 | (6,253) | (5,630) | |
Impairment charges | 48,743 | 79,207 | 67,331 | |
Depreciation and amortization | (277,879) | (310,380) | (360,811) | |
Total operating expenses | (760,515) | (812,196) | (863,355) | |
Gain on sale of properties/change in control of interests | 79,218 | 229,840 | 93,538 | |
Operating income | 477,587 | 582,406 | 431,017 | |
Other income/(expense) | ||||
Other income, net | 11,814 | 13,041 | 2,559 | |
Interest expense | (177,395) | (183,339) | (191,956) | |
Early extinguishment of debt charges | 0 | (12,762) | (1,753) | |
Income before income taxes, net, equity in income of joint ventures, net, gain on change in control of joint venture interests and equity in income from other real estate investments, net | 312,006 | 399,346 | 239,867 | |
Benefit/(provision) for income taxes, net | 3,317 | (1,600) | 880 | |
Gain on change in control of joint venture interests | 0 | 0 | 71,160 | |
Net income | 413,561 | 498,463 | 439,671 | |
Net income attributable to noncontrolling interests | (2,956) | (668) | (13,596) | |
Net income attributable to the Company | 410,605 | 497,795 | 426,075 | |
Preferred stock redemption charges | (18,528) | 0 | (7,014) | |
Preferred dividends | (52,089) | (58,191) | (46,600) | |
Net income available to the Company's common shareholders | $ 339,988 | $ 439,604 | $ 372,461 | |
Per common share: | ||||
-Basic (in dollars per share) | $ 0.80 | $ 1.02 | $ 0.87 | |
-Diluted (in dollars per share) | $ 0.80 | $ 1.02 | $ 0.87 | |
Weighted average shares: | ||||
-Basic (in shares) | 420,370 | 420,641 | 423,614 | |
-Diluted (in shares) | [1] | 421,799 | 421,379 | 424,019 |
Joint Ventures [Member] | ||||
Other income/(expense) | ||||
Equity in income | $ 72,162 | $ 71,617 | $ 60,763 | |
Other Real Estate Investments [Member] | ||||
Other income/(expense) | ||||
Equity in income | $ 26,076 | $ 29,100 | $ 67,001 | |
[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 0.5 million, 1.3 million and 3.1 million stock options that were not dilutive as of December 31, 2019, 2018 and 2017, respectively. |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Net income | $ 413,561 | $ 498,463 | $ 439,671 |
Other comprehensive income: | |||
Change in unrealized gains/losses related to available-for-sale securities | 0 | 0 | (1,542) |
Change in unrealized value on interest rate swaps | 0 | 344 | 631 |
Change in foreign currency translation adjustments | 0 | 0 | (6,335) |
Other comprehensive income/(loss) | 0 | 344 | (7,246) |
Comprehensive income | 413,561 | 498,807 | 432,425 |
Comprehensive income attributable to noncontrolling interests | (2,956) | (668) | (13,596) |
Comprehensive income attributable to the Company | $ 410,605 | $ 498,139 | $ 418,829 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Equity - USD ($) $ in Thousands | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Parent [Member] | Noncontrolling Interest [Member] | Total |
Balance at Dec. 31, 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 | ||||||
Contributions/deemed contributions from noncontrolling interests | 0 | 0 | $ 0 | $ 0 | 0 | 0 | 48,877 | 48,877 |
Net income | 426,075 | 0 | 0 | 0 | 0 | 426,075 | 13,596 | 439,671 |
Change in unrealized gains/losses related to available-for-sale securities | 0 | (1,542) | 0 | 0 | 0 | (1,542) | 0 | (1,542) |
Change in unrealized value on interest rate swaps | 0 | 631 | 0 | 0 | 0 | 631 | 0 | 631 |
Change in foreign currency translation adjustments | 0 | (6,335) | 0 | 0 | 0 | (6,335) | 0 | (6,335) |
Redeemable noncontrolling interests income | 0 | 0 | 0 | 0 | 0 | 0 | (1,297) | (1,297) |
Dividends declared to common and preferred shares | (510,545) | 0 | 0 | 0 | 0 | (510,545) | 0 | (510,545) |
Distributions to noncontrolling interests | 0 | 0 | 0 | 0 | 0 | 0 | (13,995) | (13,995) |
Issuance of common stock | 0 | 0 | $ 0 | $ 8 | (8) | 0 | 0 | 0 |
Issuance of common stock (in shares) | 0 | 776,000 | ||||||
Issuance of preferred stock | 0 | 0 | $ 18 | $ 0 | 439,401 | 439,419 | 0 | 439,419 |
Issuance of preferred stock (in shares) | 18,000 | 0 | ||||||
Surrender of restricted stock | 0 | 0 | $ 0 | $ (2) | (5,697) | (5,699) | 0 | (5,699) |
Surrender of restricted stock (in shares) | 0 | (248,000) | ||||||
Exercise of common stock options | 0 | 0 | $ 0 | $ 0 | 1,526 | 1,526 | 0 | $ 1,526 |
Exercise of common stock options (in shares) | 0 | 84,000 | 83,863 | |||||
Amortization of equity awards | 0 | 0 | $ 0 | $ 0 | 18,983 | 18,983 | 0 | $ 18,983 |
Redemption of preferred stock | 0 | 0 | $ (9) | $ 0 | (224,991) | (225,000) | 0 | $ (225,000) |
Redemption of preferred stock (in shares) | (9,000) | 0 | ||||||
Repurchase of common stock (in shares) | (232,304) | |||||||
Balance at Dec. 31, 2017 | (761,337) | (1,480) | $ 41 | $ 4,256 | 6,152,764 | 5,394,244 | 127,903 | $ 5,522,147 |
Balance (in shares) at Dec. 31, 2017 | 41,000 | 425,646,000 | ||||||
Redemption/conversion of noncontrolling interests | Accounting Standards Update 2017-05 [Member] | 8,098 | 0 | $ 0 | $ 0 | 0 | 8,098 | 0 | 8,098 |
Redemption/conversion of noncontrolling interests | Accounting Standards Update 2016-01 [Member] | (1,136) | 1,136 | 0 | 0 | 0 | 0 | 0 | 0 |
Redemption/conversion of noncontrolling interests | 0 | 0 | 0 | 0 | 592 | 592 | (66,013) | (65,421) |
Contributions/deemed contributions from noncontrolling interests | 0 | 0 | 0 | 0 | 0 | 0 | 109 | 109 |
Net income | 497,795 | 0 | 0 | 0 | 0 | 497,795 | 668 | 498,463 |
Change in unrealized gains/losses related to available-for-sale securities | 0 | |||||||
Change in unrealized value on interest rate swaps | 0 | 344 | 0 | 0 | 0 | 344 | 0 | 344 |
Change in foreign currency translation adjustments | 0 | |||||||
Redeemable noncontrolling interests income | 0 | 0 | 0 | 0 | 0 | 0 | (373) | (373) |
Dividends declared to common and preferred shares | (531,127) | 0 | 0 | 0 | 0 | (531,127) | 0 | (531,127) |
Distributions to noncontrolling interests | 0 | 0 | 0 | 0 | 0 | 0 | (2,663) | (2,663) |
Issuance of common stock | 0 | 0 | $ 0 | $ 11 | (11) | 0 | 0 | 0 |
Issuance of common stock (in shares) | 0 | 1,101,000 | ||||||
Issuance of preferred stock | 0 | 0 | $ 2 | $ 0 | 33,112 | 33,114 | 0 | 33,114 |
Issuance of preferred stock (in shares) | 2,000 | 0 | ||||||
Surrender of restricted stock | 0 | 0 | $ 0 | $ (3) | (4,357) | (4,360) | 0 | (4,360) |
Surrender of restricted stock (in shares) | 0 | (300,000) | ||||||
Exercise of common stock options | 0 | 0 | $ 0 | $ 1 | 591 | 592 | 0 | $ 592 |
Exercise of common stock options (in shares) | 0 | 42,000 | 42,259 | |||||
Amortization of equity awards | 0 | 0 | $ 0 | $ 0 | 16,548 | 16,548 | 0 | $ 16,548 |
Redemption/conversion of noncontrolling interests | Accounting Standards Update 2017-05 [Member] | 8,098 | 0 | 0 | 0 | 0 | 8,098 | 0 | 8,098 |
Redemption/conversion of noncontrolling interests | Accounting Standards Update 2016-01 [Member] | (1,136) | 1,136 | 0 | 0 | 0 | 0 | 0 | 0 |
Redemption/conversion of noncontrolling interests | 0 | 0 | 0 | 0 | 592 | 592 | (66,013) | (65,421) |
Impact of change in accounting principles (Accounting Standards Update 2017-05 [Member]) at Dec. 31, 2017 | 8,098 | 0 | 0 | 0 | 0 | 8,098 | 0 | 8,098 |
Impact of change in accounting principles (Accounting Standards Update 2016-01 [Member]) at Dec. 31, 2017 | (1,136) | 1,136 | 0 | 0 | 0 | 0 | 0 | 0 |
Impact of change in accounting principles at Dec. 31, 2017 | 0 | 0 | 0 | 0 | 592 | 592 | (66,013) | (65,421) |
Balance at Dec. 31, 2017 | (754,375) | (344) | 41 | 4,256 | 6,152,764 | 5,402,342 | 127,903 | 5,530,245 |
Repurchase of common stock | 0 | 0 | $ 0 | $ (51) | (75,075) | (75,126) | 0 | $ (75,126) |
Repurchase of common stock (in shares) | 0 | (5,100,000) | (278,566) | |||||
Acquisition/deconsolidation of noncontrolling interests | 0 | 0 | $ 0 | $ 0 | 1,203 | 1,203 | (48,395) | $ (47,192) |
Adjustment of redeemable noncontrolling interests to estimated fair value | 0 | 0 | 0 | 0 | (7,521) | (7,521) | 0 | (7,521) |
Balance at Dec. 31, 2018 | (787,707) | 0 | $ 43 | $ 4,214 | 6,117,254 | 5,333,804 | 77,249 | 5,411,053 |
Balance (in shares) at Dec. 31, 2018 | 43,000 | 421,389,000 | ||||||
Net income | 410,605 | 0 | $ 0 | $ 0 | 0 | 410,605 | 2,956 | 413,561 |
Change in unrealized gains/losses related to available-for-sale securities | 0 | |||||||
Change in unrealized value on interest rate swaps | 0 | |||||||
Change in foreign currency translation adjustments | 0 | |||||||
Redeemable noncontrolling interests income | 0 | 0 | 0 | 0 | 0 | 0 | (358) | (358) |
Dividends declared to common and preferred shares | (527,577) | 0 | 0 | 0 | 0 | (527,577) | 0 | (527,577) |
Distributions to noncontrolling interests | 0 | 0 | 0 | 0 | 0 | 0 | (10,638) | (10,638) |
Issuance of common stock | 0 | 0 | $ 0 | $ 105 | 200,028 | 200,133 | 0 | 200,133 |
Issuance of common stock (in shares) | 0 | 10,398,000 | ||||||
Surrender of restricted stock | 0 | 0 | $ 0 | $ (3) | (4,027) | (4,030) | 0 | (4,030) |
Surrender of restricted stock (in shares) | 0 | (242,000) | ||||||
Exercise of common stock options | 0 | 0 | $ 0 | $ 2 | 3,878 | 3,880 | 0 | $ 3,880 |
Exercise of common stock options (in shares) | 0 | 269,000 | 268,856 | |||||
Amortization of equity awards | 0 | 0 | $ 0 | $ 0 | 19,083 | 19,083 | 0 | $ 19,083 |
Redemption of preferred stock | 0 | 0 | $ (23) | $ 0 | (574,977) | (575,000) | 0 | $ (575,000) |
Redemption of preferred stock (in shares) | (23,000) | 0 | ||||||
Repurchase of common stock (in shares) | (223,609) | |||||||
Acquisition/deconsolidation of noncontrolling interests | 0 | 0 | $ 0 | $ 0 | 3,994 | 3,994 | (5,194) | $ (1,200) |
Balance at Dec. 31, 2019 | $ (904,679) | $ 0 | $ 20 | $ 4,318 | $ 5,765,233 | $ 4,864,892 | $ 64,015 | $ 4,928,907 |
Balance (in shares) at Dec. 31, 2019 | 20,000 | 431,814,000 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Cash flow from operating activities: | |||
Net income | $ 413,561 | $ 498,463 | $ 439,671 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation and amortization | 277,879 | 310,380 | 360,811 |
Impairment charges | 48,743 | 79,207 | 67,331 |
Deferred taxes | 0 | 0 | 807 |
Early extinguishment of debt charges | 0 | 12,762 | 1,753 |
Equity award expense | 20,200 | 18,221 | 21,563 |
Gain on sale of properties/change in control of interests | (79,218) | (229,840) | (93,538) |
Gain on change in control of joint venture interests | 0 | 0 | (71,160) |
Distributions from joint ventures and other real estate investments | 93,877 | 104,626 | 58,189 |
Change in accounts and notes receivable | (34,160) | 5,229 | (7,934) |
Change in accounts payable and accrued expenses | (3,611) | (9,175) | 4,417 |
Change in Canadian withholding tax receivable | 0 | 0 | 12,996 |
Change in other operating assets and liabilities | (55,405) | (51,220) | (52,961) |
Net cash flow provided by operating activities | 583,628 | 637,936 | 614,181 |
Cash flow from investing activities: | |||
Acquisition of operating real estate and other related net assets | (1,957) | (5,407) | (153,854) |
Improvements to operating real estate | (324,821) | (290,874) | (206,800) |
Acquisition of real estate under development | 0 | (4,592) | (10,010) |
Improvements to real estate under development | (118,841) | (235,988) | (160,257) |
Investment in marketable securities | (244) | (63) | (9,822) |
Proceeds from sale/repayments of marketable securities | 2,023 | 957 | 3,146 |
Investments in and advances to real estate joint ventures | (27,665) | (36,139) | (35,291) |
Reimbursements of investments in and advances to real estate joint ventures | 21,759 | 21,127 | 55,839 |
Investment in and advances to other real estate investments | (12,816) | (524) | (666) |
Reimbursements of investments in and advances to other real estate investments | 5,960 | 12,878 | 40,709 |
Investment in other financing receivable | (48) | (125) | 0 |
Collection of mortgage loans receivable | 10,449 | 22,299 | 1,405 |
Investment in other investments | (2,500) | (857) | 0 |
Proceeds from sale of operating properties | 324,280 | 754,731 | 181,321 |
Proceeds from insurance casualty claims | 4,000 | 16,222 | 0 |
Net cash flow provided by/(used for) investing activities | (120,421) | 253,645 | (294,280) |
Cash flow from financing activities: | |||
Principal payments on debt, excluding normal amortization of rental property debt | (6,539) | (204,746) | (687,117) |
Principal payments on rental property debt | (12,212) | (13,113) | (15,186) |
Proceeds from mortgage and construction loan financings | 16,028 | 50,972 | 206,000 |
Proceeds/(repayments) under the unsecured revolving credit facility, net | 100,000 | 92,254 | (17,143) |
Proceeds from issuance of unsecured notes | 350,000 | 0 | 1,250,000 |
Repayments under unsecured notes/term loan | 0 | (315,095) | (550,000) |
Financing origination costs | (7,707) | (1,221) | (23,305) |
Payment of early extinguishment of debt charges | (1,531) | (13,308) | (2,631) |
Contributions from noncontrolling interests | 0 | 109 | 1,422 |
Redemption/distribution of noncontrolling interests | (15,134) | (6,660) | (96,599) |
Dividends paid | (531,565) | (529,756) | (506,172) |
Proceeds from issuance of stock, net | 204,012 | 33,705 | 440,946 |
Redemption of preferred stock | (575,000) | 0 | (225,000) |
Repurchase of common stock | 0 | (75,126) | 0 |
Change in other financing liabilities | (3,193) | (4,528) | 911 |
Net cash flow used for financing activities | (482,841) | (986,513) | (223,874) |
Net change in cash and cash equivalents | (19,634) | (94,932) | 96,027 |
Cash and cash equivalents, beginning of year | 143,581 | 238,513 | 142,486 |
Cash and cash equivalents, end of year | 123,947 | 143,581 | 238,513 |
Interest paid during the year including payment of early extinguishment of debt charges of $1,531, $13,308 and $2,631, respectively (net of capitalized interest of $15,690, $17,549 and $14,480, respectively) | 169,026 | 199,701 | 192,155 |
Income taxes (received)/paid during the year (net of refunds received of $3,452, $1,007 and $16,118, respectively) | (1,106) | 514 | (14,456) |
Joint Ventures [Member] | |||
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Equity in income | (72,162) | (71,617) | (60,763) |
Other Real Estate Investments [Member] | |||
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Equity in income | $ (26,076) | $ (29,100) | $ (67,001) |
Consolidated Statements of Ca_2
Consolidated Statements of Cash Flows (Parentheticals) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Cash paid for capitalized interest | $ 15,690 | $ 17,549 | $ 14,480 |
Early extinguishment of debt charges | $ 1,531 | $ 13,308 | $ 2,631 |
Note 1 - Summary of Significant
Note 1 - Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | 1. Summary of Significant Accounting Policies: Business and Organization Kimco Realty Corporation and its subsidiaries (the "Company" or "Kimco"), operate as a Real Estate Investment Trust (āREITā) and are engaged principally in the ownership, management, development and operation of open-air shopping centers, which are anchored generally by grocery stores, off-price retailers, discounters or service-oriented tenants. Additionally, the Company provides complementary services that capitalize on the Companyās established retail real estate expertise. The Company evaluates performance on a property specific or transactional basis and does not The Company has elected to be taxed as a REIT for federal income tax purposes under the Internal Revenue Code of 1986, Basis of Presentation The accompanying Consolidated Financial Statements include the accounts of the Company. The Companyās subsidiaries include subsidiaries which are wholly owned or which the Company has a controlling interest, including where the Company has been determined to be a primary beneficiary of a variable interest entity (āVIEā) in accordance with the consolidation guidance of the Financial Accounting Standards Board (āFASBā) Accounting Standards Codification (āASCā). All inter-company balances and transactions have been eliminated in consolidation. Use of Estimates GAAP requires the Company's management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities and the reported amounts of revenues and expenses during a reporting period. The most significant assumptions and estimates relate to the valuation of real estate and related intangible assets and liabilities, equity method investments, other investments, including the assessment of impairments, as well as, depreciable lives, revenue recognition, 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 improvements) and identified intangible assets and liabilities (consisting of above-market and below-market leases, in-place leases and tenant relationships, where applicable), assumed debt and redeemable units issued at the date of acquisition, based on evaluation of information and estimates available at that date. Fair value is determined based on a market approach, which contemplates the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Acquisitions of operating properties are categorized as asset acquisitions and as such the Company capitalizes the acquisition costs associated with these acquisitions. 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 managementās 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 relationships is amortized over the estimated remaining term of the leases. If a lease were to be terminated prior to its scheduled expiration, all unamortized costs relating to that lease would be written off. Depreciation and amortization are provided on the straight-line method over the estimated useful lives of the assets, as follows: Buildings and building improvements (in years) 5 to 50 Fixtures, leasehold and tenant improvements (including certain identified intangible assets) Terms of leases or useful lives, whichever is shorter The 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, less cost to sell, is less than the net book value of the asset, an adjustment to the carrying value would be recorded to reflect the estimated fair value of the property, less estimated costs of sale and the asset is classified as other assets. On a continuous basis, management assesses whether there are any indicators, including property operating performance, changes in anticipated holding period and general market conditions, that the value of the real estate properties (including any related amortizable intangible assets or liabilities) may third third not third Real Estate Under Development Real estate under development represents the development of open-air shopping center projects, which may no one may Investments in Unconsolidated Joint Ventures The Company accounts for its investments in unconsolidated joint ventures under the equity method of accounting as the Company exercises significant influence but does not The Companyās joint ventures primarily consist of co-investments with institutional and other joint venture partners in open-air shopping center properties, consistent with its core business. These joint ventures typically obtain non-recourse third may December 31, 2019, not To recognize the character of distributions from equity investees within its Consolidated Statements of Cash Flows, all distributions received are presumed to be returns on investment and classified as cash inflows from operating activities unless the Companyās 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 Companyās investments in unconsolidated joint ventures may The Companyās 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 and Other Assets 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 investmentās 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 Companyās Other real estate investments may The Companyās 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. Other assets include investments for which the Company applies the cost method of accounting. The Company recognizes as income distributions from net accumulated earnings of the investee since the date of acquisition. The net accumulated earnings of an investee subsequent to the date of investment are recognized by the Company only to the extent distributed by the investee. Distributions received in excess of earnings subsequent to the date of investment are considered a return of investment and are recorded as reductions of cost of the investment. For the periods presented, there have been no may not 11 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, 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 Companyās 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 loanās 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 The Company has determined that it has one portfolio segment, primarily represented by loans collateralized by real estate, whereby it determines, as needed, reserves for loan losses on an asset-specific basis. The reserve for loan losses reflects management's estimate of loan losses as of the balance sheet date. The reserve is increased through loan loss expense and is decreased by charge-offs when losses are confirmed through the receipt of assets such as cash or via ownership control of the underlying collateral in full satisfaction of the loan upon foreclosure or when significant collection efforts have ceased. 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 not Marketable Securities The Company classifies its marketable equity securities as available-for-sale in accordance with the FASBās Investments-Debt and Equity Securities guidance. On January 1, 2018, 2016 01, Financial Instrumentsā Overall (Subtopic 825 10 2016 01ā 2016 01, 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 not not On a continuous basis, management assesses whether there are any indicators that the value of the Companyās marketable securities may Deferred Leasing Costs Effective January 1, 2019, 2016 02, Leases (Topic 842 2016 02ā 2016 02, Software Development Costs Expenditures for major software purchases and software developed for internal use are capitalized and amortized on a straight-line basis generally over a three five December 31, 2019 2018, December 31, 2019, 2018 2017, Deferred Financing Costs Costs incurred in obtaining long-term financing, included in Notes payable, net and Mortgages and construction loan payable, net in the accompanying Consolidated Balance Sheets, are amortized on a straight-line basis, which approximates the effective interest method, over the terms of the related debt agreements, as applicable. Revenue , Trade Accounts Receivable and Gain Recognition On January 1, 2018, 2014 09, Revenue from Contracts with Customers (Topic 606 606ā January 1, 2018, not not January 1, 2018, 606, not 605 December 31, 2019, no not The Companyās primary source of revenues are derived from lease agreements which fall under the scope of ASU 2016 02, Leases (Topic 842 842ā 606, 606 Revenues from rental properties , net Revenues from rental properties, net are comprised of minimum base rent, percentage rent, lease termination fee income, amortization of above-market and below-market rent adjustments and straight-line rent adjustments. Upon the adoption of Topic 842, 842. Base rental revenues from rental properties are recognized on a straight-line basis over the terms of the related leases. Certain of these leases also provide for percentage rents based upon the level of sales achieved by the lessee. These percentage rents are recognized once the required sales level is achieved. Rental income may Also included in Revenues from rental properties, net are ancillary income and TIF income. Ancillary income is derived through various agreements relating to parking lots, clothing bins, temporary storage, vending machines, ATMs, trash bins and trash collections, seasonal leases, etc. The majority of the revenue derived from these sources are through lease agreements/arrangements and are recognized in accordance with the lease terms described in the lease. The Company has TIF agreements with certain municipalities and receives payments in accordance with the agreements. TIF reimbursement income is recognized on a cash basis when received. Management and other fee income Property management fees, property acquisition and disposition fees, construction management fees, leasing fees and asset management fees all fall within the scope of Topic 606. third Leasing fee income is recognized as a single performance obligation primarily upon the rent commencement date. The Company believes the leasing services it provides are similar for each available space leased and none Property acquisition and disposition fees are recognized when the Company satisfies a performance obligation by acquiring a property or transferring control of a property. These fees are billed subsequent to the acquisition or sale of the property and payment is due upon receipt. Construction management fees are recognized as a single performance obligation (managing the construction of the project) composed of a series of distinct services. The Company believes that the overall service of construction management is substantially the same each day and has the same pattern of performance over the term of the agreement. As a result, each day of service represents a performance obligation satisfied at that point in time. These fees are based on the amount spent on the construction at the end of each period for services performed during that period, primarily billed to the customer monthly and terms for payment are payment due upon receipt. Trade Accounts Receivable The Company reviews its trade accounts receivable, including its straight-line rent receivable, related to base rents, straight-line rent, expense reimbursements and other revenues for collectability. The Company analyzes its accounts receivable, customer credit worthiness and current economic trends when evaluating the adequacy of the collectability of the lesseeās total accounts receivable balance on a lease by lease basis. In addition, tenants in bankruptcy are analyzed and considerations are made in connection with the expected recovery of pre-petition and post-petition bankruptcy claims. Effective January 1, 2019, 842, not Gains on sales of properties/change in control of interests On January 1, 2018, 2017 05, Other IncomeāGains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610 20 610ā 610 January 1, 2018. 610 In accordance with its election to apply the modified retrospective approach for all contracts, the Company recorded a cumulative-effect adjustment of $8.1 million to its beginning retained earnings as of January 1, 2018, December 31, 2017, two 2017 05, Leases The FASB issued Topic 842, 840, Leases The Company adopted this standard effective January 1, 2019 842 842 not not not Lessor In July 2018, 2018 11, Leases - Targeted Improvements 2018 11ā 2018 11 842 606 842 As a lessor, the Companyās recognition of rental revenue under the new standard remained mainly consistent with recognition of rental revenue under the previous guidance, Topic 840, not not 842 third no not not Lessee The Companyās leases where it is the lessee primarily consist of ground leases and administrative office leases. ROU assets represent the Companyās right to use an underlying asset for the lease term and lease liabilities represent the Companyās obligation to make lease payments arising from the lease. ROU assets and lease liabilities are recognized at the commencement date of the lease and are based on the present value of lease payments over the lease term. The Company utilized an incremental borrowing rate based on the information available at adoption of Topic 842 not not 842, 10 Income Taxes The Company elected to qualify as a REIT for federal income tax purposes commencing with its taxable year January 1, 1992 not 856 860 The Company maintains certain subsidiaries which made joint elections with the Company to be treated as taxable REIT subsidiaries ("TRSs"), which permit the Company to engage through such TRSs in certain business activities that the REIT may not may not not Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit 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 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 FASBās guidance relating to uncertainty in income taxes recognized in a Companyās financial statements. Under this guidance the Company may not fifty Noncontrolling Interests The Company accounts for noncontrolling interests in accordance with the Consolidation guidance and the Distinguishing Liabilities from Equity guidance issued by the FASB. Noncontrolling interests represent the portion of equity that the Company does not Noncontrolling interests also include amounts related to partnership units issued by consolidated subsidiaries of the Company in connection with certain property acquisitions. These units have a stated redemption value or a defined redemption amount based upon the trading price of the Companyās 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 FASBās Distinguishing Liabilities from Equity guidance. Convertible units for which the Company has the option to settle redemption amounts in cash or common stock are included in the caption Noncontrolling interests within the equity section on the Companyās Consolidated Balance Sheets. Units which embody a conditional obligation requiring the Company to redeem the units for cash after a specified or determinable date (or dates) or upon the occurrence of an event that is not Contingently redeemable noncontrolling interests are recorded at fair value upon issuance. Any change in the fair value or redemption value of these noncontrolling interests is subsequently recognized through Paid-in capital on the Companyās Consolidated Balance Sheets and is included in the Companyās computation of earnings per share (see Footnote 22 Stock Compensation The Company maintains two equity participation plans, the Second Amended and Restated 1998 2010 ā2010 May 1, 2012, 2010 not three five ten fourth fifth four five ten fifth one three may The Company accounts for equity awards in accordance with the FASBās Stock Compensation guidance which requires that all share-based payments to employees be recognized in the Statements of Income over the service period based on their fair values. Fair value 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 20 Reclassifications Certain amounts in the prior periods have been reclassified in order to conform to the current periodās presentation. In conjunction with the adoption of Topic 842 December 31, 2018 2017: not 842 New Accounting Pronouncements - The following table represents ASUs to the FASBās ASCs that, as of December 31, 2019, not not ASU Description Effective Date Effect on the financial statements or other significant matters ASU 2018 17, 810 The amendment to Topic 810 (i) Applying the variable interest entity (VIE) guidance to private companies under common control, and (ii) Considering indirect interests held through related parties under common control, and for determining whether fees paid to decision makers and service providers are variable interests. This update improves the accounting for those areas, thereby improving general purpose financial reporting. Retrospective adoption is required. January 1, 2020; The adoption of this ASU is not ASU 2018 15, 350 40 The amendment aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. January 1, 2020; The adoption of this ASU is not ASU 2018 13, 820 The amendment modifies the disclosure requirements for fair value measurements in Topic 820, Conceptual Framework for Financial Reporting ā Chapter 8: Notes to Financial Statements January 1, 2020; The adoption of this ASU is not ASU 2016 13, 326 ASU 2018 19, 326, ASU 2019 05, 326 The new guidance introduces a new model for estimating credit losses for certain types of financial instruments, including loans receivable, held-to-maturity debt securities, and net investments in direct financing leases, amongst other financial instruments. ASU 2016 13 In November 2018, 2018 19, 842 In May 2019, 2019 05, 2016 13 2016 13, 326 203 825 10.4. not 2016 13. 2016 13. January 1, 2020; The adoption of this ASU is not The following ASUs to the FASBās ASCs have been adopted by the Company as of the date listed: ASU Description Adoption Date Effect on the financial statements or other significant matters ASU 2019 07, No. 33 10532, 33 10231 33 10442, In July 2019, 2019 07 Effective upon issuance ( July 2019) The eliminated or amended disclosures did not ASU 2016 02, 842 ASU 2018 01, 842 842 ASU 2018 10, 842, ASU 2018 11, 842 ASU 2018 20, 842 ASU 2019 01, 842 This ASU sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract (i.e. lessees and lessors). The new standard requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not 12 12 2016 02 840 In January 2018, 2018 01, 842 not not 840 842. In July 2018, 2018 10, Additionally, during July 2018, 2018 11, not 606 842 In December 2018, 2018 20, not third In February 2019, 2019 01, January 1, 2019 The Company adopted this standard using the modified retrospective approach. The Company has identified certain leases and accounting policies which the adoption impacted, including its ground leases, administrative office leases, initial leasing costs and non-lease components. See Leases policy above for further details. (i) Determining the fair value of the underlying asset by lessors that are not (ii) Presentation on the statement of cash flows for sales-type and direct financing leases; and (iii) Transition disclosures related to Topic 250, |
Note 2 - Real Estate
Note 2 - Real Estate | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Real Estate Disclosure [Text Block] | 2. Real Estate: The Companyās components of Real estate, net consist of the following (in thousands): December 31, 201 9 201 8 Land: Developed land $ 2,759,232 $ 2,783,959 Undeveloped land 28,923 38,732 Total land 2,788,155 2,822,691 Buildings and improvements: Buildings 5,661,306 5,697,269 Building improvements 1,840,580 1,696,440 Tenant improvements 771,498 730,623 Fixtures and leasehold improvements 31,563 42,635 Above-market leases 128,854 133,913 In-place leases and tenant relationships 487,150 512,235 Total buildings and improvements 8,920,951 8,813,115 Real estate 11,709,106 11,635,806 Accumulated depreciation and amortization (1) (2,500,053 ) (2,385,287 ) Total real estate, net $ 9,209,053 $ 9,250,519 ( 1 At December 31, 2019 2018, In addition, at December 31, 2019 2018, The Companyās amortization associated with above-market and below-market leases for the years ended December 31, 2019, 2018 2017 December 31, 2019, 2018 2017 The estimated net amortization income/(expense) associated with the Companyās above-market and below-market leases, tenant relationships and in-place leases for the next five 20 20 202 1 202 2 202 3 202 4 Above-market and below-market leases amortization, net $ 12.7 $ 12.5 $ 12.8 $ 11.8 $ 11.4 In-place leases and tenant relationships amortization $ (30.8 ) $ (23.4 ) $ (18.0 ) $ (13.7 ) $ (10.3 ) |
Note 3 - Property Acquisitions,
Note 3 - Property Acquisitions, Developments and Other Investments | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Business Combination Disclosure [Text Block] | 3. Property Acquisitions: Acquisition /Consolidation of Operating Properties During the year ended December 31, 2019, Month Purchase Price Property Name Acquired/Location Consolidated Cash* Debt Other Consideration*** Total GLA** Bell Camino Out-parcel Sun City, AZ Jan-19 $ 5,678 $ - $ - $ 5,678 45 Gateway at Donner Pass Out-parcel Truckee, CA Jan-19 13,527 - - 13,527 40 Rancho Penasquitos Out-parcel San Diego, CA Jan-19 12,064 - - 12,064 40 Linwood Square (1) Indianapolis, IN Dec-19 1,957 5,389 4,543 11,889 165 $ 33,226 $ 5,389 $ 4,543 $ 43,158 290 * The Company utilized an aggregate $36.1 million associated with Internal Revenue Code 26 Ā§1031 ** Gross leasable area ("GLA") *** Includes the Company's previously held equity interest investment, net of noncontrolling interest of the remaining partners. ( 1 The Company acquired a partner's ownership interest in a property which was held in a joint venture in which the Company had a noncontrolling interest. The Company now has a 69.5% controlling interest in this property and has deemed this entity to be a VIE for which the Company is the primary beneficiary and consolidates the asset. The Company evaluated this transaction pursuant to the FASBās Consolidation guidance and, as a result, recognized a gain on change in control of interests of $0.1 million resulting from the fair value adjustment associated with the Companyās previously held equity interest, which are included in the purchase price above in Other Consideration. During the year ended December 31, 2018, Included in the Companyās Consolidated Statements of Income are $1.4 million, $0 million and $31.0 million in total revenues from the date of acquisition through December 31, 2019, 2018 2017, Purchase Price Allocations The purchase price for these acquisitions is allocated to real estate and related intangible assets acquired and liabilities assumed, as applicable, in accordance with our accounting policies for asset acquisitions. The purchase price allocations for properties acquired/consolidated during the year ended December 31, 2019, Allocation as of December 31, 201 9 Weighted-Average Amortization Period (in Years) Land $ 11,852 n/a Buildings 21,075 50.0 Building improvements 3,703 45.0 Tenant improvements 2,234 16.9 In-place leases 4,921 18.2 Above-market leases 203 9.0 Below-market leases (765 ) 12.0 Total assets 850 n/a Total liabilities (915 ) n/a Net assets acquired/consolidated $ 43,158 |
Note 4 - Real Estate Under Deve
Note 4 - Real Estate Under Development | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Real Estate Under Development [Text Block] | 4. Real Estate Under Development : The Company's real estate under development projects and their related costs as of December 31, 2019 December 31, Property Name Location 201 9 201 8 Dania Pointe (1) Dania Beach, FL $ 220,170 $ 152,111 Mill Station (2) Owings Mills, MD - 55,771 Promenade at Christiana (3) New Castle, DE - 33,502 Total* $ 220,170 $ 241,384 * Includes capitalized costs of interest, real estate taxes, insurance, legal costs and payroll of $21.3 million and $24.9 million, as of December 31, 2019 2018, ( 1 During 2019, ( 2 During 2019, ( 3 During 2019, December 31, 2019. During 2019 2018, |
Note 5 - Dispositions of Real E
Note 5 - Dispositions of Real Estate and Assets Held-for-sale | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Mergers, Acquisitions and Dispositions Disclosures [Text Block] | 5. D ispositions of Real Estate Real Estate The table below summarizes the Companyās disposition activity relating to operating properties and parcels, in separate transactions (dollars in millions): Year Ended December 31 , 201 9 * 201 8 201 7 Aggregate sales price/gross fair value $ 344.7 $ 1,164.3 $ 352.2 Gain on sale of operating properties/change in control of interests $ 79.2 $ 229.8 $ 93.5 Number of operating properties sold/deconsolidated 20 54 25 Number of out-parcels sold 9 7 9 * Includes the land parcel sale at Dania Pointe, noted above in Footnote 4 Included in the table above, during the year ended December 31, 2018, no 2017 05 January 1, 2018 ( 1 Land S ales During 2018, December 31, 2018. |
Note 6 - Impairments
Note 6 - Impairments | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Asset Impairment Charges [Text Block] | 6. Impairments Management assesses on a continuous basis whether there are any indicators, including property operating performance, changes in anticipated holding period, general market conditions and delays of or change in plans for development, that the value of the Companyās assets (including any related amortizable intangible assets or liabilities) may The Company has an active capital recycling program which provides for the disposition of certain properties, typically of lesser quality assets in less desirable locations. The Company has adjusted the anticipated hold period for these properties and as a result the Company recognized impairment charges on certain operating properties (see Footnote 15 The Companyās efforts to market certain assets and managementās 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, 2019, 2018 2017 201 9 201 8 201 7 Properties marketed for sale (1) (2) $ 12.5 $ 59.5 $ 34.0 Properties disposed /deeded in lieu/foreclosed(3) 36.2 19.7 17.1 Properties held and used (4) - - 16.2 Total net impairment charges* $ 48.7 $ 79.2 $ 67.3 * See Footnote 15 ( 1 These impairment charges relate to adjustments to property carrying values for properties which the Company has marketed for sale as part of its active capital recycling program and as such has adjusted the anticipated hold periods for such properties. ( 2 During December 2018, no ( 3 Amounts relate to dispositions/deeds in lieu/foreclosures during the respective years shown. ( 4 During 2017, In addition to the impairment charges above, the Company recognized impairment charges during 2019, 2018 2017 7 |
Note 7 - Investment In and Adva
Note 7 - Investment In and Advances to Real Estate Joint Ventures | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Investments and Advances In Real Estate Joint Ventures [Text Block] | 7. Investment in and Advances to Real Estate Joint Ventures The Company has investments in and advances to various real estate joint ventures. These joint ventures are engaged primarily in the operation of shopping centers which are either owned or held under long-term operating leases. The Company and the joint venture partners have joint approval rights for major decisions, including those regarding property operations. As such, the Company holds noncontrolling interests in these joint ventures and accounts for them under the equity method of accounting. The table below presents unconsolidated joint venture investments for which the Company held an ownership interest at December 31, 2019 2018 The Company's Investment Ownership as of December 31, Joint Venture Interest 2019 2018 Prudential Investment Program (1) (2) 15.0% $ 169.5 $ 175.2 Kimco Income Opportunity Portfolio (āKIRā) (2) 48.6% 175.0 167.2 Canada Pension Plan Investment Board (āCPPā) (2) 55.0% 151.7 135.0 Other Joint Venture Programs (3) Various 81.9 93.5 Total* $ 578.1 $ 570.9 * Representing 98 property interests and 21.3 million square feet of GLA, as of December 31, 2019, December 31, 2018. ( 1 Represents four four 2019. ( 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 March 2018, no The table below presents the Companyās share of net income for these investments which is included in Equity in income of joint ventures, net on the Companyās Consolidated Statements of Income (in millions): Year Ended December 31, 201 9 201 8 201 7 Prudential Investment Program (1) $ 10.4 $ 15.2 $ 13.0 KIR 50.3 38.7 36.7 CPP 5.8 5.1 7.2 Other Joint Venture Programs (2) (3) (4) (5) 5.7 12.6 3.9 Total $ 72.2 $ 71.6 $ 60.8 ( 1 During the year ended December 31, 2019, ( 2 During the year ended December 31, 2018, ( 3 During the year ended December 31, 2018, ( 4 During the year ended December 31, 2017, 2017. ( 5 During the year ended December 31, 2017, During 2019, December 31, 2019. During 2018, December 31, 2018. During 2017, one December 31, 2017. 2017, three The table below presents debt balances within the Companyās unconsolidated joint venture investments for which the Company held noncontrolling ownership interests at December 31, 2019 2018 December 31, 201 9 December 31, 201 8 Joint Venture Mortgages and Notes Payable, Net Weighted Average Interest Rate Weighted Average Remaining Term (months)* Mortgages and Notes Payable , N et Weighted Average Interest Rate Weighted Average Remaining Term (months)* Prudential Investment Program $ 538.1 3.46 % 46.8 $ 572.6 4.29 % 49.0 KIR 556.0 4.39 % 28.4 651.4 4.43 % 40.4 CPP 84.8 3.25 % 42.0 84.4 3.85 % 54.0 Other Joint Venture Programs 415.2 3.87 % 80.9 474.2 4.26 % 78.6 Total $ 1,594.1 $ 1,782.6 * Average remaining term includes extensions KIR ā The Company holds a 48.6% noncontrolling limited partnership interest in KIR and has a master management agreement whereby the Company performs services for fees relating to the management, operation, supervision and maintenance of the joint venture properties. The Companyās equity in income from KIR for the year ended December 31, 2019 10% December 31, 201 9 201 8 Assets: Real estate, net $ 788.7 $ 848.7 Other assets 83.6 98.5 Total Assets $ 872.3 $ 947.2 Liabilities and Partnersā/Membersā Capital: Notes payable, net $ - $ 73.0 Mortgages payable, net 556.0 578.5 Other liabilities 16.3 20.0 Membersā capital 300.0 275.7 Total Liabilities and Partners'/Members Capital $ 872.3 $ 947.2 Year Ended December 31, 201 9 2018 201 7 Revenues $ 193.6 $ 197.2 $ 198.9 Operating expenses (51.0 ) (53.3 ) (55.5 ) Depreciation and amortization (38.0 ) (42.2 ) (39.4 ) Gain on sale of operating properties 32.2 13.5 9.0 Interest expense (28.2 ) (33.3 ) (35.3 ) Other expense, net (1.1 ) (1.5 ) (1.5 ) Net income $ 107.5 $ 80.4 $ 76.2 Summarized financial information for the Companyās investment in and advances to all other real estate joint ventures is as follows (in millions): December 31, 201 9 201 8 Assets: Real estate, net $ 2,596.9 $ 2,725.4 Other assets 140.3 128.5 Total Assets $ 2,737.2 $ 2,853.9 Liabilities and Partnersā/Membersā Capital: Notes payable, net $ 199.8 $ 199.7 Mortgages payable, net 838.3 931.4 Other liabilities 59.5 42.4 Noncontrolling interests 17.7 16.8 Partnersā/Membersā capital 1,621.9 1,663.6 Total Liabilities and Partners'/Members Capital $ 2,737.2 $ 2,853.9 Year Ended December 31, 2019 2018 2017 Revenues $ 317.6 $ 309.1 $ 317.1 Operating expenses (99.4 ) (92.8 ) (95.1 ) Impairment charges (39.5 ) (20.7 ) (12.8 ) Depreciation and amortization (76.9 ) (80.3 ) (76.8 ) Gain on sale of operating properties 15.0 46.8 17.0 Interest expense (47.1 ) (46.8 ) (46.6 ) Other (expense)/income, net (14.2 ) (2.9 ) (1.5 ) Net income $ 55.5 $ 112.4 $ 101.3 Other liabilities included in the Companyās accompanying Consolidated Balance Sheets include accounts with certain real estate joint ventures totaling $3.5 million and $2.5 million at December 31, 2019 2018, may The Companyās maximum exposure to losses associated with its unconsolidated joint ventures is primarily limited to its carrying value in these investments. Generally, such investments contain operating properties and the Company has determined these entities do not December 31, 2019 2018, |
Note 8 - Other Real Estate Inve
Note 8 - Other Real Estate Investments | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Other Real Estate Investments and Other Assets [Text Block] | 8. Other Real Estate Investments : Preferred Equity Capital ā The Company previously provided capital to owners and developers of real estate properties through its Preferred Equity program. The Companyās maximum exposure to losses associated with its preferred equity investments is primarily limited to its net investment. As of December 31, 2019, December 31, 2019, December 31, 2018, December 31, 2018, As of December 31, 2019, seven five Summarized financial information relating to the Companyās preferred equity investments is as follows (in millions): December 31, 201 9 201 8 Assets: Real estate, net $ 91.6 $ 110.4 Other assets 484.6 578.8 Total Assets $ 576.2 $ 689.2 Liabilities and Partnersā/Membersā Capital: Mortgages payable, net $ 236.1 $ 314.0 Other liabilities 2.6 3.0 Partnersā/Membersā capital 337.5 372.2 Total Liabilities and Partners'/Members Capital $ 576.2 $ 689.2 Year Ended December 31, 201 9 201 8 201 7 Revenues $ 66.6 $ 77.0 $ 75.4 Operating expenses (16.0 ) (15.5 ) (14.7 ) Depreciation and amortization (3.2 ) (4.3 ) (4.6 ) Gain on sale of operating properties 13.6 1.9 4.3 Interest expense (11.9 ) (16.9 ) (20.4 ) Other expense, net (7.9 ) (8.2 ) (5.9 ) Net income $ 41.2 $ 34.0 $ 34.1 |
Note 9 - Variable Interest Enti
Note 9 - Variable Interest Entities ("VIE") | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | 9. Variable Interest Entities (āVIEā) Included within the Companyās operating properties at December 31, 2019 2018, 23 not not December 31, 2019, December 31, 2018, The majority of the operations of these VIEs are funded with cash flows generated from the properties. The Company has not not may Additionally, included within the Companyās real estate development projects at December 31, 2019 2018, not not December 31, 2019, December 31, 2018, Substantially all the projected remaining development costs to be funded for this real estate development project, aggregating $40.0 million, will be funded with capital contributions from the Company, when contractually obligated. The Company has not not All liabilities of these VIEs are non-recourse to the Company (āVIE Liabilitiesā). The assets of the unencumbered VIEs are not third December 31, 201 9 December 31, 201 8 Number of unencumbered VIEs 19 20 Number of encumbered VIEs 4 4 Total number of consolidated VIEs 23 24 Restricted Assets: Real estate, net $ 228.9 $ 229.2 Cash and cash equivalents 9.2 4.4 Accounts and notes receivable, net 3.8 2.1 Other assets 3.6 3.3 Total Restricted Assets $ 245.5 $ 239.0 VIE Liabilities: Mortgages and construction loan payable, net $ 104.5 $ 83.8 Other liabilities 48.9 59.4 Total VIE Liabilities $ 153.4 $ 143.2 |
Note 10 - Leases
Note 10 - Leases | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Lessee, Operating Leases [Text Block] | 10. Leases The Company adopted Topic 842, January 1, 2019, 1 842 one not not December 31, 2019. may not December 31, 2019. The components of the Companyās lease expense, which are included in rent expense and general and administrative expense on the Companyās Consolidated Statements of Income, were as follows (in thousands): As of December 31, 2019 Lease cost: Operating lease cost $ 12,630 Variable lease cost 2,038 Total lease cost $ 14,668 The table below reconciles the undiscounted cash flows for each of the first five Year End ing December 31, 2020 $ 10,715 2021 10,499 2022 9,906 2023 9,918 2024 9,016 Thereafter 128,589 Total minimum lease payments $ 178,643 Less imputed interest (85,932 ) Total operating lease liabilities $ 92,711 The future minimum lease payments to be paid by the Company under noncancelable operating leases as of December 31, 2018, 2018 10 December 31, 2018, Year End ing December 31, 2019 $ 12,206 2020 9,901 2021 9,716 2022 9,236 2023 8,936 Thereafter 115,788 Total minimum lease payments $ 165,783 |
Note 11 - Other Assets
Note 11 - Other Assets | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Other Assets Disclosure [Text Block] | 11. Other Assets 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 Companyās mortgages and other financing receivables at December 31, 2019, 10 The following table reconciles mortgage loans and other financing receivables from January 1, 2017 December 31, 2019 ( 201 9 201 8 201 7 Balance at January 1, $ 14,448 $ 21,838 $ 23,197 Additions: New mortgage loans 3,750 14,825 - Additions under existing mortgage loans 48 - - Foreign currency translation - 116 385 Amortization of loan discounts 33 125 112 Deductions: Loan repayments (10,136 ) (21,012 ) - Charge off/foreign currency translation - (155 ) (449 ) Collections of principal (313 ) (1,287 ) (1,405 ) Amortization of loan costs (1 ) (2 ) (2 ) Balance at December 31, $ 7,829 $ 14,448 $ 21,838 The Company reviews payment status to identify performing versus non-performing loans. As of December 31, 2019, seven Albertsons ā The Company owns 9.48% of the common stock of Albertsons Companies, Inc. ("ACI"), one December 31,2019, no may Held-for-Sale - At December 31, 2018, two third no December 31, 2019. |
Note 12 - Notes Payable
Note 12 - Notes Payable | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | 12. Notes Payable As of December 31, 2019 2018 Carrying Amount at December 31, Interest Rate at December 31, Maturity Date at 201 9 2018 201 9 201 8 December 31, 201 9 Senior unsecured notes $ 4,684.9 $ 4,334.9 2.70% - 4.45% 2.70% - 6.88% May-2021ā Oct 2049 Credit facility 200.0 100.0 (a) (a) Mar-2021 Deferred financing costs, net (53.1 ) (53.4 ) n/a n/a n/a $ 4,831.8 $ 4,381.5 3.46%* 3.48%* * Weighted-average interest rate (a) Accrues interest at a rate of LIBOR plus 0.875% (2.64% and 3.31% at December 31, 2019 2018, During the year ended December 31, 2019, Date Issued Maturity Date Amount Issued Interest Rate Aug-19 Oct-49 $ 350.0 3.70% During the year ended December 31, 2018, Type Date Paid Amount Repaid Interest Rate Maturity Date Senior unsecured notes (1) Aug-18 $ 300.0 6.875% Oct-19 Senior unsecured notes (2) Jun-18 & Jul-18 $ 15.1 3.200% May-21 ( 1 The Company recorded an early extinguishment of debt charge of $12.8 million resulting from the early repayment of these notes. ( 2 Represents partial repayments. As of December 31, 2018, The scheduled maturities of all notes payable excluding unamortized debt issuance costs of $53.1 million, as of December 31, 2019, 20 20 202 1 202 2 202 3 202 4 Thereafter Total Principal payments $ - $ 684.9 $ 500.0 $ 350.0 $ 400.0 $ 2,950.0 $ 4,884.9 The Companyās supplemental indentures governing its Senior Unsecured Notes contain covenants whereby the Company is subject to maintaining (a) certain maximum leverage ratios on both unsecured senior corporate and secured debt, minimum debt service coverage ratios and minimum equity levels, (b) certain debt service ratios and (c) certain asset to debt ratios. In addition, the Company is restricted from paying dividends in amounts that exceed by more than $26.0 million the funds from operations, as defined, generated through the end of the calendar quarter most recently completed prior to the declaration of such dividend; however, this dividend limitation does not December 31, 2019. Interest on the Companyās fixed-rate Senior Unsecured Notes is payable semi-annually in arrears. Proceeds from these issuances were primarily used for the acquisition of shopping centers, the expansion and improvement of properties in the Companyās portfolio and the repayment of certain debt obligations of the Company. Credit Facility The Company has a $2.25 billion unsecured revolving credit facility (the āCredit Facilityā) with a group of banks, which is scheduled to expire in March 2021, two six March 2022. December 31, 2019), December 31, 2019. December 31, 2019, |
Note 13 - Mortgages and Constru
Note 13 - Mortgages and Construction Loan Payable | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Mortgage Notes Payable Disclosure [Text Block] | 13. Mortgages and Construction Loan Payable 10 In August 2018, one August 2020, six six August 2023, December 31, 2019), December 31, 2019, December 31, 2019, As of December 31, 2019 2018, Carrying Amount at December 31, Interest Rate at December 31, Maturity Date at 201 9 201 8 201 9 201 8 December 31, 201 9 Mortgages payable $ 410.6 $ 430.8 3.23% - 7.23% 3.23% - 9.75% May-2020 ā Apr-2028 Construction loan payable 67.0 51.0 3.56% 4.23% Aug-2020 Fair value debt adjustments, net 7.9 13.1 n/a n/a n/a Deferred financing costs, net (1.5 ) (2.5 ) n/a n/a n/a $ 484.0 $ 492.4 4.97%* 4.89%* * Weighted-average interest rate During 2019, three 2019, During 2018, no During 2018, The scheduled principal payments (excluding any extension options available to the Company) of all mortgages and construction loans payable, excluding unamortized fair value debt adjustments of $7.9 million and unamortized debt issuance costs of $1.5 million, as of December 31, 2019, 2020 2021 2022 2023 202 4 Thereafter Total Principal payments $ 169.3 $ 144.8 $ 144.5 $ 15.1 $ 1.7 $ 2.2 $ 477.6 |
Note 14 - Noncontrolling Intere
Note 14 - Noncontrolling Interests/Redeemable Noncontrolling Interests | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Noncontrolling Interest Disclosure [Text Block] | 14. Noncontrolling Interests/Redeemable Noncontrolling Interests Noncontrolling interests represent the portion of equity that the Company does not December 31, 2019, 3 Noncontrolling interests The Company owns seven shopping center properties located throughout Puerto Rico. These properties were acquired partially through the issuance of $158.6 million of non-convertible units and $45.8 million of convertible units. Noncontrolling interests related to these acquisitions totaled $233.0 million of units, including premiums of $13.5 million and a fair market value adjustment of $15.1 million (collectively, the "Units"). Since the acquisition date the Company has redeemed a substantial portion of these units. As of December 31, 2019 2018, $5.2 December 31, 2019: Type Par Value Per Unit Number of Units Remaining Return Per Annum Class B-1 Preferred Units (1) $ 10,000 189 7.0% Class B-2 Preferred Units (2) $ 10,000 42 7.0% Class C DownReit Units (1) $ 30.52 52,797 Equal to the Companyās common stock dividend ( 1 These units are redeemable for cash by the holder or at the Companyās option, shares of the Companyās common stock, based upon the conversion calculation as defined in the agreement. These units are included in Noncontrolling interests on the Companyās Consolidated Balance Sheets. ( 2 These units are redeemable for cash by the holder or callable by the Company and are included in Redeemable noncontrolling interests on the Companyās Consolidated Balance Sheets. The Company owns a shopping center located in Bay Shore, NY, which was acquired in 2006 1:1. April 3, 2026, 2007, 2019 2018, 30 December 31, 2019 2018, Noncontrolling interests also includes 138,015 convertible units issued during 2006 1:1. Redeemable noncontrolling interests Included within noncontrolling interests are units that were determined to be contingently redeemable that are classified as Redeemable noncontrolling interests and presented in the mezzanine section between Total liabilities and Stockholderās equity on the Companyās Consolidated Balance Sheets. The following table presents the change in the redemption value of the Redeemable noncontrolling interests for the years ended December 31, 2019 2018 20 1 9 201 8 Balance at January 1, $ 23,682 $ 16,143 Income 358 373 Distributions (345 ) (355 ) Redemption of redeemable units (1) (5,752 ) - Adjustment to estimated redemption value (2) - 7,521 Balance at December 31, $ 17,943 $ 23,682 ( 1 During 2019, ( 2 During the year ended December 31, 2018, 480 3 December 31, 2019. |
Note 15 - Fair Value Disclosure
Note 15 - Fair Value Disclosure of Financial Instruments | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | 15. Fair Value Disclosure of Financial Instruments All financial instruments of the Company are reflected in the accompanying Consolidated Balance Sheets at amounts which, in managementās 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 dealersā estimated market values or comparable market sales. Such fair value estimates are not As a basis for considering market participant assumptions in fair value measurements, the FASBās 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 Companyās estimate of fair value differs from the carrying amounts (in thousands): December 31, 201 9 201 8 Carrying Amounts Estimated Fair Value Carrying Amounts Estimated Fair Value Notes payable, net (1) $ 4,831,759 $ 4,983,763 $ 4,381,456 $ 4,126,450 Mortgages and construction loan payable, net (2) $ 484,008 $ 486,042 $ 492,416 $ 486,341 ( 1 The Company determined that the valuation of its Senior Unsecured Notes were classified within Level 2 3 2 December 31, 2019 2018, 3 December 31, 2019 2018, ( 2 The Company determined that its valuation of these Mortgages payable was classified within Level 3 The Company has certain financial instruments that must be measured under the FASBās Fair Value Measurements and Disclosures guidance, including available for sale securities. The Company currently does not In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level 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 Companyās 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 Companyās financial assets measured at fair value on a recurring basis as of December 31, 2019 2018, Balance at December 31, 201 9 Level 1 Level 2 Level 3 Assets: Marketable equity securities (1) $ 9,353 $ 9,353 $ - $ - Balance at December 31, 201 8 Level 1 Level 2 Level 3 Assets: Marketable equity securities (1) $ 9,045 $ 9,045 $ - $ - ( 1 Included in Other Assets on the Company's Consolidated Balance Sheets. Assets measured at fair value on a non-recurring basis at December 31, 2019 2018 Balance at December 31, 201 9 Level 1 Level 2 Level 3 Real estate $ 39,510 $ - $ - $ 39,510 Other real estate investments $ 32,974 $ - $ - $ 32,974 Balance at December 31, 2018 Level 1 Level 2 Level 3 Real estate $ 99,693 $ - $ - $ 99,693 Investments in real estate joint ventures (1) $ 62,429 $ - $ - $ 62,429 ( 1 Fair value measurement as of date of deconsolidation. See Footnotes 5 7 During the year ended December 31, 2019, third not third 3 During the year ended December 31, 2018, third third not third 3 The property carrying value impairment charges resulted from the Companyās efforts to market certain assets and managementās assessment as to the likelihood and timing of such potential transactions. |
Note 16 - Preferred Stock, Comm
Note 16 - Preferred Stock, Common Stock and Convertible Unit Transactions | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | 16. Preferred Stock, Common Stock and Convertible Unit Transactions Preferred Stock The Companyās outstanding Preferred Stock is detailed below (in thousands, except share data and par values): As of December 31, 201 9 Class of Preferred Stock Shares Authorized Shares Issued and Outstanding Liquidation Preference (in thousands) Dividend Rate Annual Dividend per Depositary Share Par Value Optional Redemption Date Class L 10,350 9,000 $ 225,000 5.125 % $ 1.28125 $ 1.00 8/16/2022 Class M 10,580 10,580 264,500 5.250 % $ 1.31250 $ 1.00 12/20/2022 19,580 $ 489,500 As of December 31, 201 8 Class of Preferred Stock Shares Authorized Shares Issued and Outstanding Liquidation Preference (in thousands) Dividend Rate Annual Dividend per Depositary Share Par Value Optional Redemption Date Class I 18,400 7,000 $ 175,000 6.000 % $ 1.50000 $ 1.00 3/20/2017 Class J 9,000 9,000 225,000 5.500 % $ 1.37500 $ 1.00 7/25/2017 Class K 8,050 7,000 175,000 5.625 % $ 1.40625 $ 1.00 12/7/2017 Class L 10,350 9,000 225,000 5.125 % $ 1.28125 $ 1.00 8/16/2022 Class M (1) 10,580 10,580 264,500 5.250 % $ 1.31250 $ 1.00 12/20/2022 42,580 $ 1,064,500 ( 1 During January 2018, one December 31, 2019: Class of Preferred Stock Redemption Date Depositary Shares Redeemed Redemption Price per Depositary Share Redemption Amount (in millions) Redemption Charges (in millions) (1) Class J 12/31/2019 9,000,000 $ 25.00 $ 225.0 $ 7.1 Class I 9/14/2019 7,000,000 $ 25.00 $ 175.0 $ 5.5 Class K 9/14/2019 7,000,000 $ 25.00 $ 175.0 $ 5.9 ( 1 Redemption charges resulting from the difference between the redemption amount and the carrying amount of the respective preferred stock class on the Companyās Consolidated Balance Sheets are accounted for in accordance with the FASBās guidance on Distinguishing Liabilities from Equity. These charges were subtracted from net income attributable to the Company to arrive at net income available to the Companyās common shareholders and used in the calculation of earnings per share. The Companyās Preferred Stock Depositary Shares for all classes are not Voting Rights - The Class L and M Preferred Stock rank pari passu as to voting rights, priority for receiving dividends and liquidation preference as set forth below. As to any matter on which the Class L or M Preferred Stock may may may 1,000 1,000 Liquidation Rights In the event of any liquidation, dissolution or winding up of the affairs of the Company, preferred stock holders are entitled to be paid, out of the assets of the Company legally available for distribution to its stockholders, a liquidation preference of $25,000 per share of Class L Preferred Stock and $25,000 per share of Class M Preferred Stock ($25.00 per each Class L and Class M Depositary Share), plus an amount equal to any accrued and unpaid dividends to the date of payment, before any distribution of assets is made to holders of the Companyās common stock or any other capital stock that ranks junior to the preferred stock as to liquidation rights. Common Stock During September 2019, may may 415 1933, December 31, 2019, December 31, 2019, During February 2018, two may not December 31, 2019. December 31, 2018, December 31, 2019, February 2020, two February 2022. The Company, from time to time, repurchases shares of its common stock in amounts that offset new issuances of common stock relating to the exercise of stock options or the issuance of restricted stock awards. These repurchases may 2019, 2018 2017, Convertible Units The Company has various types of convertible units that were issued in connection with the purchase of operating properties (see Footnote 14 not December 31, 2019, Dividends Declared The following table provides a summary of the dividends declared per share: Year Ended December 31, 2019 2018 2017 Common Stock $ 1.12000 $ 1.12000 $ 1.09000 Class I Depositary Shares $ 0.99583 $ 1.50000 $ 1.50000 Class I Depositary Shares Redeemed $ - $ - $ 0.96250 Class J Depositary Shares $ 1.37500 $ 1.37500 $ 1.37500 Class K Depositary Shares $ 0.93359 $ 1.40625 $ 1.40625 Class L Depositary Shares $ 1.28125 $ 1.28125 $ 0.48047 Class M Depositary Shares $ 1.31250 $ 1.31250 $ 0.04010 |
Note 17 - Supplemental Schedule
Note 17 - Supplemental Schedule of Non-cash Investing / Financing Activities | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Cash Flow, Supplemental Disclosures [Text Block] | 17. 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, 2019, 2018 2017 201 9 201 8 201 7 Acquisition of real estate interests by assumption of mortgage debt $ - $ - $ 45,299 Acquisition of real estate interests through proceeds held in escrow $ 36,076 $ - $ 162,396 Proceeds deposited in escrow through sale of real estate interests $ 5,106 $ 41,949 $ 162,396 Disposition of real estate interests through the issuance of mortgage receivable $ 3,750 $ 14,700 $ - Disposition of real estate interests by a deed in lieu/foreclosure of debt $ 3,892 $ 7,444 $ - Forgiveness of debt due to a deed in lieu/foreclosure $ 6,905 $ 12,415 $ - Capital expenditures accrual $ 65,900 $ 60,611 $ 74,123 Surrender of restricted common stock $ 4,030 $ 4,360 $ 5,699 Declaration of dividends paid in succeeding period $ 126,274 $ 130,262 $ 128,892 Change in noncontrolling interest due to liquidation of partnership $ - $ - $ 64,948 Increase in redeemable noncontrolling interestsā carrying amount $ - $ 7,521 $ - Deemed contribution from noncontrolling interest $ - $ - $ 10,000 Consolidation of Joint Ventures: Increase in real estate and other assets, net $ 7,884 $ - $ 325,981 Increase in mortgages payable, other liabilities and noncontrolling interests $ 7,747 $ - $ 258,626 Deconsolidation of Joint Ventures: Decrease in real estate and other assets $ - $ 300,299 $ - Increase in investments in and advances to real estate joint ventures $ - $ 62,429 $ - Decrease in mortgages and construction loan payable, other liabilities and noncontrolling interests $ - $ 248,274 $ - |
Note 18 - Transactions With Rel
Note 18 - Transactions With Related Parties | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | 18. 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 Companyās Consolidated Statements of Income constitute fees earned from affiliated entities. Reference is made to Footnotes 3 7 Ripco Ripco Real Estate Corp. (āRipcoā) business activities include serving as a leasing agent and representative for national and regional retailers including Target, Best Buy, Kohlās and many others, providing real estate brokerage services and principal real estate investing. Todd Cooper, an officer and 50% shareholder of Ripco, is a son of Milton Cooper, Executive Chairman of the Board of Directors of the Company. During 2019, 2018 2017, ProHEALTH ProHEALTH is a multi-specialty physician group practice offering one December 31, 2019, no December 31, 2018 2017. |
Note 19 - Commitments and Conti
Note 19 - Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | 19. Commitments and Contingencies Operations The Company is primarily engaged in the operation of shopping centers that are either owned or held under long-term leases that expire at various dates through 2109. three December 31, 2019, 2018 2017. The minimum revenues expected to be received by the Company from rental properties under the terms of all non-cancelable tenant leases for future years, assuming no 2020 2021 2022 2023 202 4 Thereafter Minimum revenues $ 827.4 $ 773.6 $ 680.9 $ 582.0 $ 485.4 $ 2,658.1 Base rental revenues from rental properties are recognized on a straight-line basis over the terms of the related leases. The difference between the amount of rental income contracted through leases and rental income recognized on a straight-line basis for the years ended December 31, 2019, 2018 2017 Letters of Credit The Company has issued letters of credit in connection with the completion and repayment guarantees for loans encumbering certain of the Companyās development and redevelopment projects and guaranty of payment related to the Companyās insurance program. At December 31, 2019, 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 Companyās obligations are satisfied. These bonds expire upon the completion of the improvements and infrastructure. As of December 31, 2019, The Company is subject to various other legal proceedings and claims that arise in the ordinary course of business. Management believes that the final outcome of such matters will not December 31, 2019. |
Note 20 - Incentive Plans
Note 20 - Incentive Plans | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Share-based Payment Arrangement [Text Block] | 20. Incentive Plans The Company accounts for equity awards in accordance with FASBās Compensation ā 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 Statements of Income over the service period based on their fair values. Fair value is determined, depending on the type of award, using either the Monte Carlo method for performance shares or the Black-Scholes option pricing formula, both of which are intended to estimate the fair value of the awards at the grant date. Fair value of restricted shares is based on the price on the date of grant. The Company recognized expense associated with its equity awards of $20.2 million, $18.2 million and $21.6 million, for the years ended December 31, 2019, 2018 2017, December 31, 2019, 2010 December 31, 2019, 2010 Stock Options During 2019, 2018 2017, not December 31, 2019, 2018 2017 Shares Weighted-Average Exercise Price Per Share Aggregate Intrinsic V alue (in millions) Options outstanding, January 1, 2017 6,013,729 $ 32.09 $ 12.1 Exercised (83,863 ) $ 18.20 $ 3.4 Forfeited (2,464,920 ) $ 35.91 Options outstanding, December 31, 2017 3,464,946 $ 27.81 $ - Exercised (42,259 ) $ 14.00 $ 0.1 Forfeited (1,781,321 ) $ 36.53 Options outstanding, December 31, 2018 1,641,366 $ 18.78 $ 0.4 Exercised (268,856 ) $ 14.43 $ 1.1 Forfeited (74,574 ) $ 20.24 Options outstanding, December 31, 2019 1,297,936 $ 19.60 $ 2.0 Options exercisable (fully vested) - December 31, 2017 3,464,946 $ 27.81 $ 4.0 December 31, 2018 1,641,366 $ 18.78 $ 0.4 December 31, 2019 1,297,936 $ 19.60 $ 2.0 The exercise price per share for options outstanding as of December 31, 2019 December 31, 2019, December 31, 2019 December 31, 2019, 2018 2017, Restricted Stock Information with respect to restricted stock under the Plan for the years ended December 31, 2019, 2018 2017 201 9 201 8 201 7 Restricted stock outstanding as of January 1, 2,104,914 1,777,429 1,930,732 Granted (1) 884,170 1,100,590 646,142 Vested (603,148 ) (751,201 ) (783,872 ) Forfeited (18,093 ) (21,904 ) (15,573 ) Restricted stock outstanding as of December 31, 2,367,843 2,104,914 1,777,429 ( 1 The weighted-average grant date fair value for restricted stock issued during the years ended December 31, 2019, 2018 2017 Restricted shares have the same voting rights as the Companyās common stock and are entitled to a cash dividend per share equal to the Companyās common dividend which is taxable as ordinary income to the holder. For the years ended December 31, 2019, 2018 2017, Performance Shares Information with respect to performance share awards under the Plan for the years ended December 31, 2019, 2018 2017 201 9 201 8 201 7 Performance share awards outstanding as of January 1, 433,230 235,950 197,249 Granted (1) 407,080 297,450 135,780 Vested (2) (135,780 ) (100,170 ) (97,079 ) Performance share awards outstanding as of December 31, 704,530 433,230 235,950 ( 1 The weighted-average grant date fair value for performance shares issued during the years ended December 31, 2019, 2018 2017 ( 2 For the years ended December 31, 2019, 2018 2017, The more significant assumptions underlying the determination of fair values for these performance awards granted during 2019, 2018 2017 201 9 201 8 201 7 Stock price $ 17.81 $ 14.99 $ 24.91 Dividend yield (1) 0 % 0 % 0 % Risk-free rate 2.52 % 2.39 % 1.45 % Volatility (2) 24.55 % 22.90 % 18.93 % Term of the award (years) 2.88 2.85 2.88 ( 1 Total Shareholder Returns, as used in the performance share awards computation, are measured based on cumulative dividend stock prices, as such a zero ( 2 Volatility is based on the annualized standard deviation of the daily logarithmic returns on dividend-adjusted closing prices over the look-back period based on the term of the award. Other The Company maintains a 401 December 31, 2019. December 31, 2019, 2018 2017, The Company recognized severance costs associated with employee terminations during the years ended December 31, 2019, 2018 2017, |
Note 21 - Income Taxes
Note 21 - Income Taxes | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | 21. Income Taxes The Company elected to qualify as a REIT in accordance with the Code commencing with its taxable year which began January 1, 1992. not may not four Reconciliation between GAAP Net Income and Federal Taxable Income The following table reconciles GAAP net income to taxable income for the years ended December 31, 2019, 2018 2017 201 9 2018 2017 (Estimated) ( Actual ) (Actual) GAAP net income attributable to the Company $ 410,605 $ 497,795 $ 426,075 GAAP net loss/(income) attributable to TRSs 1,117 (2,436 ) (12,406 ) GAAP net income from REIT operations (1) 411,722 495,359 413,669 Net book depreciation in excess of tax depreciation 56,094 46,754 122,043 Capitalized leasing/legal commissions - (15,268 ) (7,102 ) Deferred/prepaid/above-market and below-market rents, net (33,518 ) (23,466 ) (29,364 ) Fair market value debt amortization (4,412 ) (5,268 ) (8,495 ) Book/tax differences from executive compensation (2) 6,026 5,460 2,396 Book/tax differences from non-qualified stock options (1,121 ) (112 ) (172 ) Book/tax differences from investments in and advances to real estate joint ventures (606 ) 26,263 (24,992 ) Book/tax differences from sale of properties 18,692 (13,612 ) (86,629 ) Book adjustment to property carrying values and marketable equity securities 31,980 59,866 51,309 Taxable currency exchange gains/(losses), net (33 ) 929 (780 ) Tangible property regulation deduction - (40,361 ) (52,809 ) GAAP gain on change in control of joint venture interests (137 ) (6,800 ) (71,160 ) Dividends from TRSs 3,331 526 1,226 Other book/tax differences, net (3,166 ) 775 2,056 Adjusted REIT taxable income $ 484,852 $ 527,045 $ 311,196 Certain amounts in the prior periods have been reclassified to conform to the current year presentation, in the table above. ( 1 All adjustments to "GAAP net income from REIT operations" are net of amounts attributable to noncontrolling interests and TRSs. ( 2 In accordance with the Tax Cuts and Jobs Act, effective for tax years beginning on January 1, 2018, 162 $1.0 three Characterization of Distributions The following characterizes distributions paid for tax purposes for the years ended December 31, 2019, 2018 2017, 201 9 201 8 201 7 Preferred I Dividends Ordinary income $ 7,389 77 % $ 5,565 53 % $ 21,636 96 % Capital gain 2,207 23 % 4,935 47 % 902 4 % $ 9,596 100 % $ 10,500 100 % $ 22,538 100 % Preferred J Dividends Ordinary income $ 11,541 77 % $ 6,559 53 % $ 11,880 96 % Capital gain 3,447 23 % 5,816 47 % 495 4 % $ 14,988 100 % $ 12,375 100 % $ 12,375 100 % Preferred K Dividends Ordinary income $ 6,927 77 % $ 5,217 53 % $ 9,450 96 % Capital gain 2,069 23 % 4,627 47 % 394 4 % $ 8,996 100 % $ 9,844 100 % $ 9,844 100 % Preferred L Dividends Ordinary income $ 8,879 77 % $ 6,111 53 % $ 1,814 96 % Capital gain 2,652 23 % 5,420 47 % 76 4 % $ 11,531 100 % $ 11,531 100 % $ 1,890 100 % Preferred M Dividends Ordinary income $ 10,692 77 % $ 6,031 53 % $ - - Capital gain 3,194 23 % 5,348 47 % - - $ 13,886 100 % $ 11,379 100 % $ - - Common Dividends Ordinary income $ 328,726 70 % $ 235,642 50 % $ 260,573 57 % Capital gain 98,618 21 % 212,077 45 % 9,143 2 % Return of capital 42,265 9 % 23,564 5 % 187,430 41 % $ 469,609 100 % $ 471,283 100 % $ 457,146 100 % Total dividends distributed for tax purposes $ 528,606 $ 526,912 $ 503,793 For the years ended December 31, 2019, 2018 2017 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 Companyās TRSs include Kimco Realty Services II, Inc. (āKRSā), FNC Realty Corporation, Kimco Insurance Company (collectively āKRS Consolidatedā) and the consolidated entity, Blue Ridge Real Estate Company/Big Boulder Corporation. On December 22, 2017, January 1, 2018, 35% 740, 2017. 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 not not Income taxes are accounted for under the asset and liability method. Deferred income taxes are recognized for the temporary differences between the financial reporting basis and the tax basis of taxable assets and liabilities. The Companyās pre-tax book income/(loss) and (provision)/benefit for income taxes relating to the Companyās TRSs and taxable entities which have been consolidated for accounting reporting purposes, for the years ended December 31, 2019, 2018 2017, 201 9 201 8 2017 (Loss)/income before income taxes ā U.S. $ (1,682 ) $ 4,331 $ 1,487 Benefit/(provision) for income taxes, net: Federal: Current 3,362 (1,221 ) (704 ) Deferred (349 ) (1,198 ) (632 ) Federal tax benefit/(provision) 3,013 (2,419 ) (1,336 ) State and local: Current (26 ) (43 ) (66 ) Deferred (19 ) (414 ) (190 ) State tax provision (45 ) (457 ) (256 ) Total tax benefit/(provision) ā U.S. 2,968 (2,876 ) (1,592 ) Net income/(loss) from U.S. TRSs $ 1,286 $ 1,455 $ (105 ) (Loss)/income before taxes ā Non-U.S. $ (599 ) $ 2,384 $ (11,483 ) (Provision)/benefit for Non-U.S. income taxes: Current $ (69 ) $ 1,634 $ 2,425 Deferred 418 (358 ) 47 Non-U.S. tax benefit $ 349 $ 1,276 $ 2,472 Provision for income taxes differs from the amounts computed by applying the statutory federal income tax rate to taxable income before income taxes as follows (in thousands): 201 9 201 8 201 7 Federal benefit/(provision) at statutory tax rate* (1) (3) $ 3,010 $ (2,490 ) $ (520 ) State and local provision, net of federal benefit (2) (42 ) (386 ) (1,072 ) Total tax benefit/(provision) ā U.S. $ 2,968 $ (2,876 ) $ (1,592 ) * Federal statutory tax rate of 21% December 31, 2019 2018 December 31, 2017. ( 1 The year ended December 31, 2018 ( 2 The year ended December 31, 2018 ( 3 The year ended December 31, 2019 Deferred Tax Assets, Liabilities and Valuation Allowances The Companyās deferred tax assets and liabilities at December 31, 2019 2018, 201 9 201 8 Deferred tax assets: Tax/GAAP basis differences $ 29,618 $ 28,865 Net operating losses (1) 20,917 20,947 Tax credit carryforwards (2) 2,340 6,064 Capital loss carryforwards 2,270 2,270 Related party deferred losses 619 619 Charitable contribution carryforwards 23 23 Valuation allowance (42,703 ) (45,413 ) Total deferred tax assets 13,084 13,375 Deferred tax liabilities (12,844 ) (12,768 ) Net deferred tax assets $ 240 $ 607 ( 1 Expiration dates ranging from 2021 2032. ( 2 Expiration dates ranging from 2027 2035 2018 not 2019. The major differences between the GAAP basis of accounting and the basis of accounting used for federal and state income tax reporting consist of impairment charges recorded for GAAP purposes, but not not Deferred tax assets and deferred tax liabilities are included in the captions Other assets and Other liabilities on the Company's Consolidated Balance Sheets at December 31, 2019 2018. Under GAAP a reduction of the carrying amounts of deferred tax assets by a valuation allowance is required, if, based on the evidence available, it is more likely than not 50% not not August 1, 2016, not not The Company prepared an analysis of the tax basis built-in tax gain or built-in loss inherent in each asset acquired from KRSI in the Merger. Assets of a TRS that become REIT assets in a merger transaction of the type entered into by the Company and KRSI are subject to corporate tax on the aggregate net built-in gain (built-in gains in excess of built-in losses) during a recognition period. Accordingly, the Company is subject to corporate-level taxation on the aggregate net built-in gain from the sale of KRSI assets within 60 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 not not December 31, 2019, 12 The liability for uncertain tax benefits principally consists of estimated foreign tax liabilities in years for which the statute of limitations is open. Open years range from 2010 2018 December 31, 2019 2018 201 9 201 8 Balance at January 1, $ 2,806 $ 3,991 Changes in tax positions related to current year (1) 16 (250 ) Reductions due to lapsed statute of limitations (434 ) (935 ) Balance at December 31, $ 2,388 $ 2,806 ( 1 Amounts relate to increases/(decreases) from foreign currency translation adjustments. During August 2016, 35 four 35 2007 2008. September 2018 no April 2019, November December 2019, 25 35 $17.9 not 10 not |
Note 22 - Earnings Per Share
Note 22 - Earnings Per Share | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 22. 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 9 2018 2017 Computation of Basic and Diluted Earnings Per Share: Net income available to the Company's common shareholders $ 339,988 $ 439,604 $ 372,461 Change in estimated redemption value of redeemable noncontrolling interests - (7,521 ) - Earnings attributable to participating securities (2,599 ) (2,375 ) (2,132 ) Net income available to the Companyās common shareholders for basic earnings per share 337,389 429,708 370,329 Distributions on convertible units 30 99 - Net income available to the Companyās common shareholders for diluted earnings per share $ 337,419 $ 429,807 $ 370,329 Weighted average common shares outstanding ā basic 420,370 420,641 423,614 Effect of dilutive securities (1): Equity awards 1,365 628 405 Assumed conversion of convertible units 64 110 - Weighted average common shares outstanding ā diluted 421,799 421,379 424,019 Net income available to the Company's common shareholders: Basic earnings per share $ 0.80 $ 1.02 $ 0.87 Diluted earnings per share $ 0.80 $ 1.02 $ 0.87 ( 1 The effect of the assumed conversion of certain convertible units had an anti-dilutive effect upon the calculation of Income from continuing operations per share. Accordingly, the impact of such conversions has not not December 31, 2019, 2018 2017, 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 |
Note 23 - Supplemental Financia
Note 23 - Supplemental Financial Information (Unaudited) | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Quarterly Financial Information [Text Block] | 23. Supplemental Financial Information (Unaudited) : The following represents the quarterly results of operations, expressed in thousands except per share amounts, for the years ended December 31, 2019 2018: 201 9 First Quarter Second Quarter Third Quarter Fourth Quarter Revenues $ 295,010 $ 284,873 $ 282,871 $ 296,130 Net income attributable to the Company $ 116,169 $ 101,027 $ 83,990 $ 109,419 Net income per common share: Basic $ 0.24 $ 0.20 $ 0.14 $ 0.22 Diluted $ 0.24 $ 0.20 $ 0.14 $ 0.22 201 8 First Quarter Second Quarter Third Quarter Fourth Quarter Revenues $ 304,078 $ 293,403 $ 283,080 $ 284,201 Net income attributable to the Company $ 144,090 $ 165,386 $ 100,158 $ 88,161 Net income per common share: Basic $ 0.30 $ 0.36 $ 0.19 $ 0.17 Diluted $ 0.30 $ 0.36 $ 0.19 $ 0.17 |
Note 24 - Captive Insurance Com
Note 24 - Captive Insurance Company | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Captive Insurance Disclosure [Text Block] | 24. Captive Insurance Company : In October 2007, third third may third may KIC assumes occurrence basis general liability coverage ( not From October 1, 2007 October 1, 2020, first September 30, 2008 September 30, 2020. not As of December 31, 2019 2018, December 31, 2019, February 15, 2020, one Activity in the liability for unpaid losses and loss adjustment expenses for the years ended December 31, 2019 2018, 201 9 201 8 Balance at the beginning of the year $ 16,130 $ 18,965 Incurred related to: Current year 5,331 5,236 Prior years (1,948 ) (2,653 ) Total incurred 3,383 2,583 Paid related to: Current year (256 ) (683 ) Prior years (3,593 ) (4,735 ) Total paid (3,849 ) (5,418 ) Balance at the end of the year $ 15,664 $ 16,130 For the years ended December 31, 2019 2018, |
Schedule II - Valuation and Qua
Schedule II - Valuation and Qualifying Accounts | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
SEC Schedule, 12-09, Schedule of Valuation and Qualifying Accounts Disclosure [Text Block] | SCHEDULE II ā VALUATION AND QUALIFYING ACCOUNTS For Years Ended December 31, 2019, 2018 2017 (in thousands) Balance at beginning of period Charged to expenses Adjustments to valuation accounts Deductions Balance at end of period Year Ended December 31, 2019 Allowance for deferred tax asset $ 45,413 $ - $ (2,710 ) $ - $ 42,703 Year Ended December 31, 2018 Allowance for uncollectable accounts (1) $ 17,066 $ 9,254 $ - $ (5,882 ) $ 20,438 Allowance for deferred tax asset $ 54,155 $ - $ (8,742 ) $ - $ 45,413 Year Ended December 31, 2017 Allowance for uncollectable accounts (1) $ 24,175 $ 6,641 $ - $ (13,750 ) $ 17,066 Allowance for deferred tax asset $ 95,126 $ - $ (40,971 ) $ - $ 54,155 ( 1 Includes allowances on accounts receivable and straight-line rents. |
Schedule III - Real Estate and
Schedule III - Real Estate and Accumulated Depreciation | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Text Block] | KIMCO REALTY CORPORATION AND SUBSIDIARIES SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION December 31, 2019 INITIAL COST COST DESCRIPTION State LAND BUILDING AND IMPROVEMENTS CAPITALIZED SUBSEQUENT TO ACQUISITION (1) LAND BUILDING AND IMPROVEMENTS TOTAL ACCUMULATED DEPRECIATION TOTAL COST, NET OF ACCUMULATED DEPRECIATION ENCUMBRANCES (2) DATE OF ACQUISITION(A) CONSTRUCTION(C) SHOPPING CENTERS MESA RIVERVIEW AZ 15,000,000 - 143,355,726 307,992 158,047,734 158,355,726 64,312,335 94,043,391 - 2005(C) METRO SQUARE AZ 4,101,017 16,410,632 2,302,017 4,101,017 18,712,649 22,813,666 9,876,683 12,936,983 - 1998(A) PLAZA DEL SOL AZ 5,324,501 21,269,943 1,600,778 4,577,869 23,617,353 28,195,222 9,771,579 18,423,643 - 1998(A) PLAZA AT MOUNTAINSIDE AZ 2,450,341 9,802,046 2,451,010 2,450,341 12,253,056 14,703,397 6,977,925 7,725,472 - 1997(A) VILLAGE CROSSROADS AZ 5,662,554 24,981,223 1,265,298 5,662,554 26,246,521 31,909,075 6,323,449 25,585,626 - 2011(A) NORTH VALLEY AZ 6,861,564 18,200,901 6,082,402 3,861,272 27,283,595 31,144,867 5,595,396 25,549,471 - 2011(A) CHRISTOWN SPECTRUM AZ 33,831,348 91,004,070 18,373,348 76,638,511 66,570,255 143,208,766 14,743,804 128,464,962 - 2015(A) BELL CAMINO CENTER AZ 2,427,465 6,439,065 689,471 2,427,465 7,128,536 9,556,001 2,215,168 7,340,833 - 2012(A) BELL CAMINO-SAFEWAY PARCEL AZ 1,104,233 4,574,035 - 1,104,233 4,574,035 5,678,268 133,306 5,544,962 - 2019(A) COLLEGE PARK SHOPPING CENTER AZ 3,276,951 7,741,323 1,275,173 3,276,951 9,016,496 12,293,447 2,862,725 9,430,722 - 2011(A) COSTCO PLAZA - 541 CA 4,995,639 19,982,557 569,752 4,995,639 20,552,309 25,547,948 11,562,681 13,985,267 - 1998(A) BROOKHURST CENTER CA 10,492,714 31,357,512 3,524,807 22,299,852 23,075,181 45,375,033 3,894,609 41,480,424 - 2016(A) LAKEWOOD PLAZA CA 1,294,176 3,669,266 (3,445,611) - 1,517,831 1,517,831 727,962 789,869 - 2014(A) MADISON PLAZA CA 5,874,396 23,476,190 2,511,994 5,874,396 25,988,184 31,862,580 13,026,896 18,835,684 - 1998(A) CORONA HILLS PLAZA CA 13,360,965 53,373,453 10,875,821 13,360,965 64,249,274 77,610,239 36,069,787 41,540,452 - 1998(A) 280 METRO CENTER CA 38,734,566 94,903,403 267,577 38,734,566 95,170,980 133,905,546 13,194,581 120,710,965 - 2015(A) LABAND VILLAGE SHOPPING CENTER CA 5,600,000 13,289,347 (858,589) 5,607,237 12,423,521 18,030,758 6,418,166 11,612,592 - 2008(A) CUPERTINO VILLAGE CA 19,886,099 46,534,919 26,582,719 19,886,099 73,117,638 93,003,737 22,253,195 70,750,542 - 2006(A) NORTH COUNTY PLAZA CA 10,205,305 28,934,219 (490,889) 20,894,811 17,753,824 38,648,635 4,168,260 34,480,375 - 2014(A) CHICO CROSSROADS CA 9,975,810 30,534,524 (5,581,834) 9,985,652 24,942,848 34,928,500 10,428,979 24,499,521 - 2008(A) CREEKSIDE CENTER CA 3,870,823 11,562,580 179,527 5,154,061 10,458,869 15,612,930 1,455,396 14,157,534 - 2016(A) LA MIRADA THEATRE CENTER CA 8,816,741 35,25 (689,279) 6,888,680 36,498,747 43,387,427 18,514,444 24,872,983 - 1998(A) KENNETH HAHN PLAZA CA 4,114,863 7,660,855 (1,796,476) - 9,979,242 9,979,242 3,563,777 6,415,465 - 2010(A) LA VERNE TOWN CENTER CA 8,414,328 23,856,418 12,183,413 16,362,169 28,091,990 44,454,159 5,248,265 39,205,894 - 2014(A) LINCOLN HILLS TOWN CENTER CA 8,228,587 26,127,322 477,068 8,228,587 26,604,390 34,832,977 4,928,028 29,904,949 - 2015(A) NOVATO FAIR S.C. CA 9,259,778 15,599,790 1,179,252 9,259,778 16,779,042 26,038,820 6,806,338 19,232,482 - 2009(A) SOUTH NAPA MARKET PLACE CA 1,100,000 22,159,086 20,969,254 23,119,071 21,109,269 44,228,340 12,816,370 31,411,970 - 2006(A) PLAZA DI NORTHRIDGE CA 12,900,000 40,574,842 1,285,181 12,900,000 41,860,023 54,760,023 15,380,373 39,379,650 - 2005(A) LINDA MAR SHOPPING CENTER CA 16,548,592 37,521,194 4,065,640 16,548,592 41,586,834 58,135,426 9,090,842 49,044,584 - 2014(A) POWAY CITY CENTRE CA 5,854,585 13,792,470 9,133,189 7,247,814 21,532,430 28,780,244 9,484,235 19,296,009 - 2005(A) REDWOOD CITY PLAZA CA 2,552,000 6,215,168 5,942,958 2,552,000 12,158,126 14,710,126 2,223,780 12,486,346 - 2009(A) STANFORD RANCH CA 10,583,764 30,007,231 2,825,590 9,982,626 33,433,959 43,416,585 5,229,353 38,187,232 13,021,617 2014(A) CROCKER RANCH CA 7,526,146 24,877,611 104,542 7,526,146 24,982,153 32,508,299 3,987,122 28,521,177 8,766,823 2015(A) HOME DEPOT PLAZA CA 4,592,364 18,345,257 17,200 4,592,364 18,362,457 22,954,821 10,315,399 12,639,422 - 1998(A) SANTEE TROLLEY SQUARE CA 40,208,683 62,963,757 411,257 40,208,683 63,375,014 103,583,697 17,986,945 85,596,752 - 2015(A) SAN DIEGO CARMEL MOUNTAIN CA 5,322,600 8,873,991 244,224 5,322,600 9,118,215 14,440,815 2,681,379 11,759,436 - 2009(A) FULTON MARKET PLACE CA 2,966,018 6,920,710 16,282,569 6,279,753 19,889,544 26,169,297 4,441,853 21,727,444 - 2005(A) BLACK MOUNTAIN VILLAGE CA 4,678,015 11,913,344 964,215 4,678,015 12,877,559 17,555,574 5,059,703 12,495,871 - 2007(A) RANCHO PENASQUITOS TOWNE CTR I CA 14,851,595 20,342,165 728,359 14,851,595 21,070,524 35,922,119 3,463,773 32,458,346 12,842,710 2015(A) RANCHO PENASQUITOS-VONS PROP. CA 2,917,963 9,145,905 - 2,917,963 9,145,905 12,063,868 248,246 11,815,622 - 2019(A) RANCHO PENASQUITOS TWN CTR II CA 12,944,972 20,323,961 728,718 12,944,972 21,052,679 33,997,651 3,472,979 30,524,672 9,855,105 2015(A) CITY HEIGHTS CA 10,687,472 28,324,896 (676,206) 13,908,563 24,427,599 38,336,162 4,541,708 33,794,454 - 2012(A) TRUCKEE CROSSROADS CA 2,140,000 28,324,896 (18,556,146) 2,140,000 9,768,750 11,908,750 5,931,012 5,977,738 1,492,324 2006(A) GATEWAY AT DONNER PASS CA 4,515,688 8,318,667 14,132,153 8,759,279 18,207,229 26,966,508 1,926,037 25,040,471 - 2015(A) WESTLAKE SHOPPING CENTER CA 16,174,307 64,818,562 103,332,384 16,174,307 168,150,946 184,325,253 61,003,852 123,321,401 - 2002(A) LAKEWOOD VILLAGE CA 8,597,100 24,374,615 (870,415) 11,683,364 20,417,936 32,101,300 4,854,875 27,246,425 - 2014(A) WHITTWOOD TOWN CENTER CA 57,135,695 105,814,560 2,249,451 57,138,906 108,060,800 165,199,706 12,185,715 153,013,991 43,665,459 2017(A) VILLAGE ON THE PARK CO 2,194,463 8,885,987 16,704,873 3,018,391 24,766,932 27,785,323 6,314,280 21,471,043 - 1998(A) QUINCY PLACE S.C. CO 1,148,317 4,608,249 2,568,067 1,148,317 7,176,316 8,324,633 3,734,528 4,590,105 - 1998(A) EAST BANK S.C. CO 1,500,568 6,180,103 4,613,710 1,500,568 10,793,813 12,294,381 4,180,188 8,114,193 - 1998(A) NORTHRIDGE SHOPPING CENTER CO 4,932,690 16,496,175 2,107,365 8,934,385 14,601,845 23,536,230 2,950,869 20,585,361 - 2013(A) DENVER WEST 38TH STREET CO 161,167 646,983 412,472 161,167 1,059,455 1,220,622 363,563 857,059 - 1998(A) ENGLEWOOD PLAZA CO 805,837 3,232,650 897,656 805,837 4,130,306 4,936,143 2,219,070 2,717,073 - 1998(A) GREELEY COMMONS CO 3,313,095 20,069,559 1,525,944 3,313,095 21,595,503 24,908,598 4,986,795 19,921,803 - 2012(A) HIGHLANDS RANCH VILLAGE S.C. CO 8,135,427 21,579,936 457,168 5,337,081 24,835,450 30,172,531 5,073,713 25,098,818 - 2011(A) VILLAGE CENTER WEST CO 2,010,519 8,361,084 729,196 2,010,519 9,090,280 11,100,799 1,826,199 9,274,600 - 2011(A) HIGHLANDS RANCH II CO 3,514,837 11,755,916 822,188 3,514,837 12,578,104 16,092,941 3,304,340 12,788,601 - 2013(A) VILLAGE CENTER - HIGHLAND RANCH CO 1,140,000 2,660,000 283,724 1,140,000 2,943,724 4,083,724 396,713 3,687,011 - 2014(A) HERITAGE WEST S.C. CO 1,526,576 6,124,074 2,309,547 1,526,576 8,433,621 9,960,197 4,093,180 5,867,017 - 1998(A) MARKET AT SOUTHPARK CO 9,782,769 20,779,522 3,115,099 9,782,769 23,894,621 33,677,390 5,308,497 28,368,893 - 2011(A) NEWTOWN S.C. CT - 15,635,442 419,521 - 16,054,963 16,054,963 2,516,815 13,538,148 7,366,380 2014(A) WEST FARM SHOPPING CENTER CT 5,805,969 23,348,024 18,702,013 7,585,116 40,270,890 47,856,006 17,447,864 30,408,142 - 1998(A) HAMDEN MART CT 13,668,167 40,890,166 5,769,128 14,225,573 46,101,888 60,327,461 7,544,067 52,783,394 19,666,094 2016(A) HOME DEPOT PLAZA CT 7,704,968 30,797,640 3,627,240 7,704,968 34,424,880 42,129,848 17,116,263 25,013,585 - 1998(A) WILTON RIVER PARK SHOPPING CTR CT 7,154,585 27,509,279 236,837 7,154,584 27,746,117 34,900,701 5,598,301 29,302,400 - 2012(A) BRIGHT HORIZONS CT 1,211,748 4,610,610 82,937 1,211,748 4,693,547 5,905,295 1,154,633 4,750,662 - 2012(A) WILTON CAMPUS CT 10,168,872 31,893,016 2,642,528 10,168,872 34,535,544 44,704,416 9,258,360 35,446,056 - 2013(A) CAMDEN SQUARE DE 122,741 66,738 4,680,370 3,024,375 1,845,474 4,869,849 232,710 4,637,139 - 2003(A) PROMENADE AT CHRISTIANA DE 14,371,686 - 8,497,354 9,600,000 13,269,040 22,869,040 91,925 22,777,115 - 2014(C) BRANDYWINE COMMONS DE - 36,057,487 (936,597) - 35,120,890 35,120,890 6,318,402 28,802,488 - 2014(A) CAMINO SQUARE FL 573,875 2,295,501 3,654,326 733,875 5,789,827 6,523,702 3,872,616 2,651,086 - 1992(A) CORAL SQUARE PROMENADE FL 710,000 2,842,907 4,125,500 710,000 6,968,407 7,678,407 4,231,686 3,446,721 - 1994(A) MAPLEWOOD PLAZA FL 1,649,000 6,626,301 1,668,185 1,649,000 8,294,486 9,943,486 4,367,202 5,576,284 - 1997(A) CURLEW CROSSING SHOPPING CTR FL 5,315,955 12,529,467 2,745,007 5,315,955 15,274,474 20,590,429 6,660,355 13,930,074 - 2005(A) SHOPS AT SANTA BARBARA PHASE 1 FL 743,463 5,373,994 220,269 743,463 5,594,263 6,337,726 927,828 5,409,898 - 2015(A) SHOPS AT SANTA BARBARA PHASE 2 FL 331,692 2,488,832 - 331,692 2,488,832 2,820,524 476,559 2,343,965 - 2015(A) SHOPS AT SANTA BARBARA PHASE 3 FL 329,726 2,358,700 61,618 329,726 2,420,318 2,750,044 406,125 2,343,919 - 2015(A) CORAL POINTE S.C. FL 2,411,608 20,507,735 609,267 2,411,608 21,117,002 23,528,610 3,507,027 20,021,583 - 2015(A) DANIA POINTE FL 105,113,024 - 31,366,749 26,093,655 110,386,118 136,479,773 2,197,976 134,281,797 66,616,007 2016(C) DANIA POINTE - PHASE II (3) FL - - 220,170,209 220,170,209 - 220,170,209 - 220,170,209 - 2018(C) FT.LAUDERDALE/CYPRESS CREEK FL 14,258,760 28,042,390 3,348,067 14,258,760 31,390,457 45,649,217 10,756,266 34,892,951 - 2009(A) HOMESTEAD-WACHTEL LAND LEASE FL 150,000 - - 150,000 - 150,000 - 150,000 - 2013(A) OAKWOOD PLAZA NORTH FL 35,300,961 141,731,019 (247,550) 35,300,961 141,483,469 176,784,430 18,280,715 158,503,715 - 2016(A) OAKWOOD PLAZA SOUTH FL 11,126,609 40,592,103 (66,541) 11,126,609 40,525,562 51,652,171 5,587,292 46,064,879 - 2016(A) OAKWOOD BUSINESS CTR-BLDG 1 FL 6,792,500 18,662,565 3,041,822 6,792,500 21,704,387 28,496,887 7,048,519 21,448,368 - 2009(A) KIMCO AVENUES WALK, LLC FL 26,984,546 - (16,224,546) 10,760,000 - 10,760,000 - 10,760,000 - 2005(C) AVENUES WALK FL 8,169,933 20,173,468 (22,001,328) 1,724,923 4,617,150 6,342,073 695,547 5,646,526 - 2017(A) RIVERPLACE SHOPPING CTR. FL 7,503,282 31,011,027 1,749,978 7,200,050 33,064,237 40,264,287 10,699,610 29,564,677 - 2010(A) MERCHANTS WALK FL 2,580,816 10,366,090 7,229,782 2,580,816 17,595,872 20,176,688 9,916,015 10,260,673 - 2001(A) CENTER AT MISSOURI AVENUE FL 293,686 792,119 7,099,628 293,686 7,891,747 8,185,433 2,071,410 6,114,023 - 1968(C) TRI-CITY PLAZA FL 2,832,296 11,329,185 21,442,891 2,832,296 32,772,076 35,604,372 5,532,131 30,072,241 - 1992(A) FT LAUDERDALE #1, FL FL 1,002,733 2,602,415 15,896,939 1,774,443 17,727,644 19,502,087 10,597,404 8,904,683 - 1974(C) NASA PLAZA FL - 1,754,000 3,628,604 - 5,382,604 5,382,604 4,033,444 1,349,160 - 1968(C) GROVE GATE S.C. FL 365,893 1,049,172 792,700 365,893 1,841,872 2,207,765 1,612,685 595,080 - 1968(C) CHEVRON OUTPARCEL FL 530,570 1,253,410 - 530,570 1,253,410 1,783,980 399,973 1,384,007 - 2010(A) IVES DAIRY CROSSING FL 732,914 4,080,460 11,481,385 720,852 15,573,907 16,294,759 10,101,875 6,192,884 - 1985(A) MILLER ROAD S.C. FL 1,138,082 4,552,327 4,653,437 1,138,082 9,205,764 10,343,846 6,117,126 4,226,720 - 1986(A) KENDALE LAKES PLAZA FL 18,491,461 28,496,001 (1,055,271) 15,362,227 30,569,964 45,932,191 8,641,957 37,290,234 - 2009(A) MILLER WEST PLAZA FL 6,725,660 10,661,419 262,552 6,725,660 10,923,971 17,649,631 1,881,268 15,768,363 - 2015(A) CORSICA SQUARE S.C. FL 7,225,100 10,757,386 229,242 7,225,100 10,986,628 18,211,728 1,918,131 16,293,597 - 2015(A) FLAGLER PARK FL 26,162,980 80,737,041 5,890,698 26,725,480 86,065,239 112,790,719 26,385,431 86,405,288 - 2007(A) PARK HILL PLAZA FL 10,763,612 19,264,248 575,278 10,763,612 19,839,526 30,603,138 5,078,780 25,524,358 - 2011(A) WINN DIXIE-MIAMI FL 2,989,640 9,410,360 (49,372) 3,544,297 8,806,331 12,350,628 1,336,013 11,014,615 - 2013(A) MARATHON SHOPPING CENTER FL 2,412,929 8,069,450 1,668,751 1,514,731 10,636,399 12,151,130 2,077,857 10,073,273 - 2013(A) SODO S.C. FL - 68,139,271 8,716,773 142,195 76,713,849 76,856,044 23,323,001 53,533,043 - 2008(A) RENAISSANCE CENTER FL 9,104,379 36,540,873 16,566,544 9,122,758 53,089,038 62,211,796 22,188,576 40,023,220 - 1998(A) MILLENIA PLAZA PHASE II FL 7,711,000 20,702,992 3,978,678 7,698,200 24,694,470 32,392,670 9,237,336 23,155,334 - 2009(A) RIVERSIDE LANDINGS S.C. FL 3,512,202 14,439,668 261,172 3,512,202 14,700,840 18,213,042 2,466,991 15,746,051 - 2015(A) GRAND OAKS VILLAGE FL 7,409,319 19,653,869 (524,484) 5,846,339 20,692,365 26,538,704 4,787,099 21,751,605 - 2011(A) PLANTATION CROSSING FL 2,782,030 8,077,260 3,880,495 2,782,030 11,957,755 14,739,785 1,169,770 13,570,015 - 2017(A) POMPANO POINTE S.C. FL 10,516,500 14,355,836 530,900 10,516,500 14,886,736 25,403,236 1,555,793 23,847,443 - 2012(A) UNIVERSITY TOWN CENTER FL 5,515,265 13,041,400 536,347 5,515,265 13,577,747 19,093,012 3,651,349 15,441,663 - 2011(A) OAK TREE PLAZA FL - 917,360 2,363,288 - 3,280,648 3,280,648 2,466,662 813,986 - 1968(C) TUTTLEBEE PLAZA FL 254,961 828,465 1,894,395 254,961 2,722,860 2,977,821 2,005,443 972,378 - 2008(A) SOUTH MIAMI S.C. FL 1,280,440 5,133,825 3,700,918 1,280,440 8,834,743 10,115,183 5,024,803 5,090,380 - 1995(A) CARROLLWOOD COMMONS FL 5,220,445 16,884,228 3,582,050 5,220,445 20,466,278 25,686,723 10,679,896 15,006,827 - 1997(A) VILLAGE COMMONS SHOPPING CENTER FL 2,192,331 8,774,158 5,402,331 2,192,331 14,176,489 16,368,820 6,664,538 9,704,282 - 1998(A) MISSION BELL SHOPPING CENTER FL 5,056,426 11,843,119 8,691,774 5,067,033 20,524,286 25,591,319 7,720,542 17,870,777 - 2004(A) VILLAGE COMMONS S.C. FL 2,026,423 5,106,476 2,055,527 2,026,423 7,162,003 9,188,426 1,761,345 7,427,081 - 2013(A) BELMART PLAZA FL 1,656,097 3,394,420 5,696,706 1,656,097 9,091,126 10,747,223 1,182,873 9,564,350 - 2014(A) MARKET AT HAYNES BRIDGE GA 4,880,659 21,549,424 1,217,935 4,889,863 22,758,155 27,648,018 8,152,912 19,495,106 - 2008(A) EMBRY VILLAGE GA 18,147,054 33,009,514 2,530,958 18,160,525 35,527,001 53,687,526 23,478,491 30,209,035 - 2008(A) PERIMETER EXPO PROPERTY GA 14,770,275 44,295,457 2,531,961 16,142,152 45,455,541 61,597,693 5,833,798 55,763,895 - 2016(A) RIVERWALK MARKETPLACE GA 3,512,202 18,862,571 50,327 3,512,202 18,912,898 22,425,100 2,404,623 20,020,477 - 2015(A) LAWRENCEVILLE MARKET GA 8,878,266 29,691,191 351,863 9,060,436 29,860,884 38,921,320 6,907,281 32,014,039 - 2013(A) BRAELINN VILLAGE GA 7,314,719 20,738,792 (903,523) 3,731,347 23,418,641 27,149,988 3,931,754 23,218,234 - 2014(A) SAVANNAH CENTER GA 2,052,270 8,232,978 4,972,212 2,052,270 13,205,190 15,257,460 7,627,683 7,629,777 - 1993(A) CHATHAM PLAZA GA 13,390,238 35,115,882 1,469,797 13,403,262 36,572,655 49,975,917 13,919,506 36,056,411 - 2008(A) CLIVE PLAZA IA 500,525 2,002,101 - 500,525 2,002,101 2,502,626 1,227,784 1,274,842 - 1996(A) PLAZA DEL PRADO IL 10,203,960 28,409,786 1,856,215 10,203,960 30,266,001 40,469,961 4,466,628 36,003,333 - 2017(A) SKOKIE POINTE IL - 2,276,360 9,564,305 2,628,440 9,212,225 11,840,665 4,416,043 7,424,622 - 1997(A) HAWTHORN HILLS SQUARE IL 6,783,928 33,033,624 3,243,517 6,783,928 36,277,141 43,061,069 9,571,068 33,490,001 - 2012(A) LINWOOD SQUARE IN 3,411,037 8,686,773 43,397 3,411,037 8,730,170 12,141,207 45,531 12,095,676 5,366,055 2019(A) GREENWOOD S.C. IN 423,371 1,883,421 20,567,821 1,640,748 21,233,865 22,874,613 3,727,289 19,147,324 - 1970(C) ABINGTON PLAZA MA 10,457,183 494,652 - 10,457,183 494,652 10,951,835 190,036 10,761,799 3,845,668 2014(A) WASHINGTON ST.PLAZA MA 11,007,593 5,652,368 9,648,118 12,957,593 13,350,486 26,308,079 2,690,296 23,617,783 5,352,958 2014(A) MEMORIAL PLAZA MA 16,411,388 27,553,908 966,332 16,411,388 28,520,240 44,931,628 4,481,485 40,450,143 14,761,027 2014(A) MAIN ST. PLAZA MA 555,898 2,139,494 - 555,898 2,139,494 2,695,392 457,676 2,237,716 1,216,922 2014(A) MORRISSEY PLAZA MA 4,097,251 3,751,068 (856,076) 4,097,251 2,894,992 6,992,243 326,811 6,665,432 2,788,169 2014(A) GLENDALE SQUARE MA 4,698,891 7,141,090 276,270 4,698,891 7,417,360 12,116,251 1,533,969 10,582,282 5,111,077 2014(A) FALMOUTH PLAZA MA 2,361,071 13,065,817 1,303,452 2,361,071 14,369,269 16,730,340 2,534,330 14,196,010 7,192,333 2014(A) WAVERLY PLAZA MA 1,215,005 3,622,911 312,795 1,203,205 3,947,506 5,150,711 841,633 4,309,078 2,051,134 2014(A) FESTIVAL OF HYANNIS S.C. MA 15,038,197 40,682,853 2,115,022 15,038,197 42,797,875 57,836,072 9,012,213 48,823,859 - 2014(A) FELLSWAY PLAZA MA 5,300,388 11,013,543 764,656 5,300,388 11,778,199 17,078,587 1,745,026 15,333,561 6,102,064 2014(A) NORTH QUINCY PLAZA MA 6,332,542 17,954,110 (601,375) 3,894,436 19,790,841 23,685,277 3,222,927 20,462,350 - 2014(A) ADAMS PLAZA MA 2,089,363 3,226,648 20,048 2,089,363 3,246,696 5,336,059 623,192 4,712,867 1,693,163 2014(A) BROADWAY PLAZA MA 6,485,065 343,422 - 6,485,065 343,422 6,828,487 143,268 6,685,219 2,598,411 2014(A) VINNIN SQUARE PLAZA MA 5,545,425 16,324,060 30,357 5,545,425 16,354,417 21,899,842 3,856,485 18,043,357 8,118,542 2014(A) PARADISE PLAZA MA 4,183,038 12,194,885 1,637,923 4,183,038 13,832,808 18,015,846 2,974,790 15,041,056 7,845,921 2014(A) BELMONT PLAZA MA 11,104,983 848,844 - 11,104,983 848,844 11,953,827 238,518 11,715,309 4,635,484 2014(A) VINNIN SQUARE IN-LINE MA 582,228 2,094,560 (38,716) 582,228 2,055,844 2,638,072 325,114 2,312,958 - 2014(A) LINDEN PLAZA MA 4,628,215 3,535,431 578,353 4,628,215 4,113,784 8,741,999 1,173,955 7,568,044 3,192,283 2014(A) NORTH AVE. PLAZA MA 1,163,875 1,194,673 23,933 1,163,875 1,218,606 2,382,481 318,197 2,064,284 812,286 2014(A) WASHINGTON ST. S.C. MA 7,380,918 9,987,119 2,057,448 7,380,918 12,044,567 19,425,485 1,985,891 17,439,594 5,563,436 2014(A) MILL ST. PLAZA MA 4,195,024 6,203,410 554,628 4,195,024 6,758,038 10,953,062 1,362,547 9,590,515 3,637,862 2014(A) FULLERTON PLAZA MD 14,237,901 6,743,980 8,192,823 14,237,901 14,936,803 29,174,704 1,864,141 27,310,563 - 2014(A) GREENBRIER S.C. MD 8,891,468 30,304,760 329,475 8,891,468 30,634,235 39,525,703 5,077,149 34,448,554 - 2014(A) INGLESIDE S.C. MD 10,416,726 17,889,235 302,317 10,416,726 18,191,552 28,608,278 3,610,361 24,997,917 - 2014(A) WILKENS BELTWAY PLAZA MD 9,948,235 22,125,942 1,495,965 9,948,235 23,621,907 33,570,142 3,820,091 29,750,051 - 2014(A) YORK ROAD PLAZA MD 4,276,715 37,205,757 191,525 4,276,715 37,397,282 41,673,997 5,805,450 35,868,547 - 2014(A) PUTTY HILL PLAZA MD 4,192,152 11,112,111 542,155 4,192,152 11,654,266 15,846,418 3,301,528 12,544,890 - 2013(A) SNOWDEN SQUARE S.C. MD 1,929,402 4,557,934 5,155,349 3,326,422 8,316,263 11,642,685 2,083,927 9,558,758 - 2012(A) COLUMBIA CROSSING MD 3,612,550 34,344,509 1,244,651 3,612,550 35,589,160 39,201,710 5,131,563 34,070,147 - 2015(A) DORSEY'S SEARCH VILLAGE CENTER MD 6,321,963 27,996,087 286,078 6,321,963 28,282,165 34,604,128 3,959,963 30,644,165 - 2015(A) HICKORY RIDGE MD 7,183,646 26,947,776 653,628 7,183,646 27,601,404 34,785,050 4,092,540 30,692,510 - 2015(A) HICKORY RIDGE (SUNOCO) MD 543,197 2,122,234 - 543,197 2,122,234 2,665,431 413,179 2,252,252 - 2015(A) KINGS CONTRIVANCE MD 9,308,349 31,759,940 956,829 9,308,349 32,716,769 42,025,118 5,801,943 36,223,175 - 2014(A) HARPER'S CHOICE MD 8,429,284 18,373,994 888,226 8,429,284 19,262,220 27,691,504 3,232,809 24,458,695 - 2015(A) WILDE LAKE MD 1,468,038 5,869,862 26,110,759 2,577,073 30,871,586 33,448,659 10,439,013 23,009,646 - 2002(A) RIVERHILL VILLAGE CENTER MD 16,825,496 23,282,222 249,700 16,825,496 23,531,922 40,357,418 5,095,140 35,262,278 - 2014(A) COLUMBIA CROSSING OUTPARCELS MD 1,279,200 2,870,800 20,602,841 6,147,248 18,605,593 24,752,841 3,793,940 20,958,901 - 2011(A) COLUMBIA CROSSING II SHOP.CTR. MD 3,137,628 19,868,075 4,393,578 3,137,628 24,261,653 27,399,281 3,581,753 23,817,528 - 2013(A) SHOPS AT DISTRICT HEIGHTS MD 8,165,638 21,970,661 (1,330,335) 7,298,215 21,507,749 28,805,964 2,658,063 26,147,901 12,771,539 2015(A) ENCHANTED FOREST S.C. MD 20,123,946 34,345,102 902,976 20,123,946 35,248,078 55,372,024 6,614,004 48,758,020 - 2014(A) SHOPPES AT EASTON MD 6,523,713 16,402,204 (2,463,057) 6,523,713 13,939,147 20,462,860 2,899,366 17,563,494 - 2014(A) VILLAGES AT URBANA MD 3,190,074 6,067 19,360,692 4,828,774 17,728,059 22,556,833 2,517,436 20,039,397 - 2003(A) GAITHERSBURG S.C. MD 244,890 6,787,534 1,682,724 244,890 8,470,258 8,715,148 4,082,460 4,632,688 - 1999(A) KENTLANDS MARKET SQUARE MD 20,167,048 84,615,052 14,891,942 20,167,048 99,506,994 119,674,042 9,413,156 110,260,886 31,311,666 2016(A) SHAWAN PLAZA MD 4,466,000 20,222,367 30,616 4,466,000 20,252,983 24,718,983 12,381,043 12,337,940 - 2008(A) LAUREL PLAZA MD 349,562 1,398,250 5,257,691 1,571,288 5,434,215 7,005,503 2,351,484 4,654,019 - 1995(A) LAUREL PLAZA MD 274,580 1,100,968 173,969 274,580 1,274,937 1,549,517 1,207,785 341,732 - 1972(C) MILL STATION THEATER/RSTRNTS MD 23,378,543 1,089,760 (3,672,367) 14,737,597 6,058,339 20,795,936 601,666 20,194,270 - 2016(C) MILL STATION DEVELOPMENT MD 21,320,924 - 61,182,938 16,075,820 66,428,042 82,503,862 - 82,503,862 - 2015(C) CENTRE COURT-RETAIL/BANK MD 1,035,359 7,785,830 139,567 1,035,359 7,925,397 8,960,756 1,601,160 7,359,596 1,259,796 2011(A) CENTRE COURT-GIANT MD 3,854,099 12,769,628 95,541 3,854,099 12,865,169 16,719,268 3,103,844 13,615,424 4,987,211 2011(A) CENTRE COURT-OLD COURT/COURTYD MD 2,279,177 5,284,577 34,036 2,279,177 5,318,613 7,597,790 1,215,445 6,382,345 - 2011(A) RADCLIFFE CENTER MD 12,042,713 21,187,946 26,723 12,042,713 21,214,669 33,257,382 4,040,116 29,217,266 - 2014(A) TIMONIUM CROSSING MD 2,525,377 14,862,817 467,571 2,525,377 15,330,388 17,855,765 2,640,116 15,215,649 - 2014(A) TIMONIUM SQUARE MD 6,000,000 24,282,998 14,192,960 7,331,195 37,144,763 44,475,958 17,499,083 26,976,875 - 2003(A) TOWSON PLACE MD 43,886,876 101,764,931 4,058,439 43,270,792 106,439,454 149,710,246 24,823,118 124,887,128 - 2012(A) CENTURY PLAZA MI 178,785 925,818 731,597 95,905 1,740,295 1,836,200 832,327 1,003,873 - 1968(C) THE FOUNTAINS AT ARBOR LAKES MN 28,585,296 66,699,024 14,197,546 29,485,296 79,996,570 109,481,866 32,150,146 77,331,720 - 2006(A) CENTER POINT S.C. MO - 550,204 - - 550,204 550,204 550,203 1 - 1998(A) WOODLAWN MARKETPLACE NC 919,251 3,570,981 2,740,450 919,251 6,311,431 7,230,682 4,056,057 3,174,625 - 2008(A) TYVOLA SQUARE NC - 4,736,345 8,378,073 - 13,114,418 13,114,418 9,792,167 3,322,251 - 1986(A) CROSSROADS PLAZA NC 767,864 3,098,881 1,233,350 767,864 4,332,231 5,100,095 2,084,338 3,015,757 - 2000(A) JETTON VILLAGE SHOPPES NC 3,875,224 10,292,231 493,876 2,143,695 12,517,636 14,661,331 2,816,709 11,844,622 - 2011(A) MOUNTAIN ISLAND MARKETPLACE NC 3,318,587 7,331,413 702,336 3,818,587 7,533,749 11,352,336 1,700,111 9,652,225 - 2012(A) WOODLAWN SHOPPING CENTER NC 2,010,725 5,833,626 2,093,863 2,010,725 7,927,489 9,938,214 1,746,407 8,191,807 - 2012(A) CROSSROADS PLAZA NC 13,405,529 86,455,763 (822,704) 13,405,529 85,633,059 99,038,588 17,053,576 81,985,012 - 2014(A) QUAIL CORNERS NC 7,318,321 26,675,644 1,932,338 7,318,321 28,607,982 35,926,303 4,694,476 31,231,827 15,220,049 2014(A) DAVIDSON COMMONS NC 2,978,533 12,859,867 558,592 2,978,533 13,418,459 16,396,992 2,870,768 13,526,224 - 2012(A) PARK PLACE SC NC 5,461,478 16,163,494 4,175,099 5,469,809 20,330,262 25,800,071 7,536,466 18,263,605 - 2008(A) MOORESVILLE CROSSING NC 12,013,727 30,604,173 531,732 11,625,801 31,523,831 43,149,632 12,597,563 30,552,069 - 2007(A) PLEASANT VALLEY PROMENADE NC 5,208,885 20,885,792 22,010,083 5,208,885 42,895,875 48,104,760 21,500,267 26,604,493 - 1993(A) BRENNAN STATION NC 7,749,751 20,556,891 (327,874) 6,321,923 21,656,845 27,978,768 6,222,776 21,755,992 - 2011(A) BRENNAN STATION OUTPARCEL NC 627,906 1,665,576 (186,984) 450,232 1,656,266 2,106,498 374,808 1,731,690 - 2011(A) CLOVERDALE PLAZA NC 540,667 719,655 7,554,126 540,667 8,273,781 8,814,448 3,997,454 4,816,994 - 1969(C) WEBSTER SQUARE NH 11,683,145 41,708,383 7,437,545 11,683,145 49,145,928 60,829,073 9,061,478 51,767,595 - 2014(A) WEBSTER SQUARE - DSW NH 1,346,391 3,638,397 131,388 1,346,391 3,769,785 5,116,176 447,893 4,668,283 - 2017(A) WEBSTER SQUARE NORTH NH 2,163,138 6,511,424 131,176 2,163,138 6,642,600 8,805,738 1,234,333 7,571,405 - 2016(A) ROCKINGHAM PLAZA NH 2,660,915 10,643,660 23,910,947 3,148,715 34,066,807 37,215,522 13,671,663 23,543,859 - 2008(A) SHOP RITE PLAZA NJ 2,417,583 6,364,094 1,595,616 2,417,583 7,959,710 10,377,293 7,402,608 2,974,685 - 1985(C) MARLTON PLAZA NJ - 4,318,534 153,375 - 4,471,909 4,471,909 2,610,173 1,861,736 - 1996(A) HILLVIEW SHOPPING CENTER NJ 16,007,647 32,607,423 (330,854) 16,007,647 32,276,569 48,284,216 5,693,981 42,590,235 - 2014(A) GARDEN STATE PAVILIONS NJ 7,530,709 10,801,949 20,841,974 12,203,841 26,970,791 39,174,632 8,213,444 30,961,188 - 2011(A) CLARK SHOPRITE 70 CENTRAL AVE NJ 3,496,673 11,693,769 994,829 13,959,593 2,225,678 16,185,271 1,004,269 15,181,002 - 2013(A) COMMERCE CENTER WEST NJ 385,760 1,290,080 160,534 793,595 1,042,779 1,836,374 272,544 1,563,830 - 2013(A) COMMERCE CENTER EAST NJ 1,518,930 5,079,690 1,753,865 7,235,196 1,117,289 8,352,485 526,620 7,825,865 - 2013(A) CENTRAL PLAZA NJ 3,170,465 10,602,845 34,941 5,145,167 8,663,084 13,808,251 2,647,579 11,160,672 - 2013(A) EAST WINDSOR VILLAGE NJ 9,335,011 23,777,978 249,699 9,335,011 24,027,677 33,362,688 7,442,802 25,919,886 - 2008(A) HOLMDEL TOWNE CENTER NJ 10,824,624 43,301,494 10,776,136 10,824,624 54,077,630 64,902,254 23,625,835 41,276,419 - 2002(A) COMMONS AT HOLMDEL NJ 16,537,556 38,759,952 4,219,623 16,537,556 42,979,575 59,517,131 18,321,594 41,195,537 - 2004(A) PLAZA AT HILLSDALE NJ 7,601,596 6,994,196 1,564,519 7,601,596 8,558,715 16,160,311 1,728,385 14,431,926 5,449,532 2014(A) MAPLE SHADE NJ - 9,957,611 2,247,570 - 12,205,181 12,205,181 3,154,532 9,050,649 - 2009(A) PLAZA AT SHORT HILLS NJ 20,155,471 11,061,984 741,742 20,155,471 11,803,726 31,959,197 2,720,127 29,239,070 8,603,595 2014(A) NORTH BRUNSWICK PLAZA NJ 3,204,978 12,819,912 27,583,563 3,204,978 40,403,475 43,608,453 21,614,149 21,994,304 - 1994(A) PISCATAWAY TOWN CENTER NJ 3,851,839 15,410,851 1,739,905 3,851,839 17,150,756 21,002,595 9,432,153 11,570,442 - 1998(A) RIDGEWOOD S.C. NJ 450,000 2,106,566 1,241,414 450,000 3,347,980 3,797,980 1,926,707 1,871,273 - 1993(A) UNION CRESCENT III NJ 7,895,483 3,010,640 28,965,399 8,696,579 31,174,943 39,871,522 17,736,590 22,134,932 - 2007(A) WESTMONT PLAZA NJ 601,655 2,404,604 13,669,028 601,655 16,073,632 16,675,287 7,625,888 9,049,399 - 1994(A) WILLOWBROOK PLAZA NJ 15,320,436 40,996,874 10,547,715 15,320,436 51,544,589 66,865,025 8,361,323 58,503,702 - 2009(A) DEL MONTE PLAZA NV 2,489,429 5,590,415 535,415 2,210,000 6,405,259 8,615,259 3,613,396 5,001,863 1,657,182 2006(A) DEL MONTE PLAZA ANCHOR PARCEL NV 6,512,745 17,599,602 135,899 6,520,017 17,728,229 24,248,246 1,542,524 22,705,722 - 2017(A) REDFIELD PROMENADE NV 4,415,339 32,035,192 724,982 4,415,339 32,760,174 37,175,513 7,946,397 29,229,116 - 2015(A) MCQUEEN CROSSINGS NV 5,017,431 20,779,024 326,357 5,017,431 21,105,381 26,122,812 5,030,679 21,092,133 - 2015(A) GALENA JUNCTION NV 8,931,027 17,503,387 223,293 8,931,027 17,726,680 26,657,707 3,682,910 22,974,797 - 2015(A) D'ANDREA MARKETPLACE NV 11,556,067 29,435,364 564,122 11,556,067 29,999,486 41,555,553 9,693,650 31,861,903 - 2007(A) SPARKS MERCANTILE NV 6,221,614 17,069,172 137,785 6,221,614 17,206,957 23,428,571 3,508,976 19,919,595 - 2015(A) BRIDGEHAMPTON COMMONS-W&E SIDE NY 1,811,752 3,107,232 34,209,472 1,858,188 37,270,268 39,128,456 22,584,128 16,544,328 - 1972(C) OCEAN PLAZA NY 564,097 2,268,768 19,003 564,097 2,287,771 2,851,868 978,043 1,873,825 - 2003(A) KINGS HIGHWAY NY 2,743,820 6,811,268 2,235,709 2,743,820 9,046,977 11,790,797 3,875,659 7,915,138 - 2004(A) RALPH AVENUE PLAZA NY 4,414,466 11,339,857 3,912,149 4,414,467 15,252,005 19,666,472 5,848,083 13,818,389 - 2004(A) BELLMORE S.C. NY 1,272,269 3,183,547 1,590,605 1,272,269 4,774,152 6,046,421 2,106,726 3,939,695 - 2004(A) MARKET AT BAY SHORE NY 12,359,621 30,707,802 6,324,935 12,359,621 37,032,737 49,392,358 14,679,424 34,712,934 11,947,237 2006(A) KEY FOOD - ATLANTIC AVE NY 2,272,500 5,624,589 509,260 4,808,822 3,597,527 8,406,349 825,449 7,580,900 - 2012(A) VETERANS MEMORIAL PLAZA NY 5,968,082 23,243,404 19,513,618 5,980,130 42,744,974 48,725,104 16,101,074 32,624,030 - 1998(A) BIRCHWOOD PLAZA COMMACK NY 3,630,000 4,774,791 1,240,489 3,630,000 6,015,280 9,645,280 2,147,985 7,497,295 - 2007(A) ELMONT S.C. NY 3,011,658 7,606,066 6,171,045 3,011,658 13,777,111 16,788,769 4,209,847 12,578,922 - 2004(A) ELMSFORD CENTER 1 NY 4,134,273 1,193,084 - 4,134,273 1,193,084 5,327,357 224,999 5,102,358 - 2013(A) ELMSFORD CENTER 2 NY 4,076,403 15,598,504 1,118,941 4,245,442 16,548,406 20,793,848 3,619,110 17,174,738 - 2013(A) FRANKLIN SQUARE S.C. NY 1,078,541 2,516,581 4,164,568 1,078,541 6,681,149 7,759,690 2,951,140 4,808,550 - 2004(A) AIRPORT PLAZA NY 22,711,189 107,011,500 3,428,747 22,711,189 110,440,247 133,151,436 19,869,415 113,282,021 - 2015(A) KISSENA BOULEVARD SHOPPING CTR NY 11,610,000 2,933,487 1,333,988 11,610,000 4,267,475 15,877,475 1,172,285 14,705,190 - 2007(A) HAMPTON BAYS PLAZA NY 1,495,105 5,979,320 3,369,604 1,495,105 9,348,924 10,844,029 7,953,033 2,890,996 - 1989(A) HICKSVILLE PLAZA NY 3,542,739 8,266,375 2,505,434 3,542,739 10,771,809 14,314,548 4,005,114 10,309,434 - 2004(A) TURNPIKE PLAZA NY 2,471,832 5,839,416 809,085 2,471,832 6,648,501 9,120,333 2,001,327 7,119,006 - 2011(A) JERICHO COMMONS SOUTH NY 12,368,330 33,071,495 3,475,118 12,368,330 36,546,613 48,914,943 12,776,532 36,138,411 5,984,769 2007(A) 501 NORTH BROADWAY NY - 1,175,543 (59,268) - 1,116,275 1,116,275 443,930 672,345 - 2007(A) MILLERIDGE INN NY 7,500,330 481,316 (48,741) 7,500,000 432,905 7,932,905 40,404 7,892,501 - 2015(A) FAMILY DOLLAR UNION TURNPIKE NY 909,000 2,249,775 258,033 1,056,709 2,360,099 3,416,808 557,337 2,859,471 - 2012(A) LITTLE NECK PLAZA NY 3,277,254 13,161,218 5,986,742 3,277,253 19,147,961 22,425,214 8,211,840 14,213,374 - 2003(A) KEY FOOD - 21ST STREET NY 1,090,800 2,699,730 (159,449) 1,669,153 1,961,928 3,631,081 367,863 3,263,218 - 2012(A) MANHASSET CENTER NY 4,567,003 19,165,808 31,678,891 3,471,939 51,939,763 55,411,702 27,124,630 28,287,072 - 1999(A) MANHASSET CENTER(residential) NY 950,000 - - 950,000 - 950,000 - 950,000 - 2012(A) MASPETH QUEENS-DUANE READE NY 1,872,013 4,827,940 1,036,886 1,872,013 5,864,826 7,736,839 2,267,372 5,469,467 1,733,522 2004(A) NORTH MASSAPEQUA S.C. NY 1,880,816 4,388,549 (1,964,468) - 4,304,897 4,304,897 4,304,897 - - 2004(A) MINEOLA CROSSINGS NY 4,150,000 7,520,692 381,643 4,150,000 7,902,335 12,052,335 2,532,702 9,519,633 - 2007(A) SMITHTOWN PLAZA NY 3,528,000 7,364,098 553,338 3,528,000 7,917,436 11,445,436 3,300,345 8,145,091 - 2009(A) MANETTO HILL PLAZA NY 263,693 584,031 11,067,210 263,693 11,651,241 11,914,934 7,066,502 4,848,432 - 1969(C) SYOSSET S.C. NY 106,655 76,197 2,090,616 106,655 2,166,813 2,273,468 1,214,338 1,059,130 - 1990(C) RICHMOND S.C. NY 2,280,000 9,027,951 21,469,643 2,280,000 30,497,594 32,777,594 15,094,149 17,683,445 - 1989(A) GREENRIDGE PLAZA NY 2,940,000 11,811,964 7,448,048 3,148,424 19,051,588 22,200,012 9,066,807 13,133,205 - 1997(A) THE BOULEVARD NY 28,723,536 38,232,267 143,859,701 28,723,536 182,091,968 210,815,504 14,518,223 196,297,281 - 2006(A) FOREST AVENUE PLAZA NY 4,558,592 10,441,408 731,386 4,558,592 11,172,794 15,731,386 4,256,254 11,475,132 - 2005(A) INDEPENDENCE PLAZA NY 12,279,093 34,813,852 (458,904) 16,131,632 30,502,409 46,634,041 7,329,258 39,304,783 - 2014(A) KEY FOOD - CENTRAL AVE. NY 2,787,600 6,899,310 (394,910) 2,603,321 6,688,679 9,292,000 1,311,346 7,980,654 - 2012(A) WHITE PLAINS S.C. NY 1,777,775 4,453,894 2,611,810 1,777,775 7,065,704 8,843,479 2,719,153 6,124,326 - 2004(A) CHAMPION FOOD SUPERMARKET NY 757,500 1,874,813 (24,388) 2,241,118 366,807 2,607,925 188,665 2,419,260 - 2012(A) SHOPRITE S.C. NY 871,977 3,487,909 - 871,977 3,487,909 4,359,886 2,420,656 1,939,230 - 1998(A) ROMAINE PLAZA NY 782,459 1,825,737 588,133 782,459 2,413,870 3,196,329 870,113 2,326,216 - 2005(A) OREGON TRAIL CENTER OR 5,802,422 12,622,879 556,817 5,802,422 13,179,696 18,982,118 5,401,640 13,580,478 - 2009(A) JANTZEN BEACH CENTER OR 57,575,244 102,844,429 356,274 57,588,287 103,187,660 160,775,947 11,112,219 149,663,728 - 2017(A) SUBURBAN SQUARE PA 70,679,871 166,351,381 66,736,035 71,279,871 232,487,416 303,767,287 55,876,122 247,891,165 - 2007(A) CENT |
Schedule IV - Mortgage Loans on
Schedule IV - Mortgage Loans on Real Estate | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Text Block] | SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE As of December 31, 2019 (in thousands) Description Interest Rate Final Maturity Date Periodic Payment Terms (a) Prior Liens Original Face Amount of Mortgages Carrying Amount of Mortgages (b) Principal Amount of Loans Subject to Delinquent Principal or Interest Mortgage Loans: Retail Las Vegas, NV 12.00% May-33 I - 3,075 3,075 - Walker, MI 4.00% Dec-24 P& I - 3,750 3,750 Nonretail Commack, NY 7.41% Oct-26 P& I - 1,354 301 Melbourne, FL 6.88% Dec-30 P&I 500 261 $ - $ 8,679 $ 7,387 $ - Other Financing Loans: Nonretail Charlie Browns License 2.28% Apr-27 P& I 600 291 RONA Capital Partners 6.20% May-20 P&I 175 150 $ - $ 9,454 $ 7,828 $ - (a) I = Interest only; P&I = Principal & Interest. (b) The aggregate cost for Federal income tax purposes was approximately $7.8 million as of December 31, 2019. For a reconciliation of mortgage and other financing receivables from January 1, 2017 December 31, 2019, 10 10 The Company feels it is not not The cost of obtaining an independent valuation on these assets is deemed excessive considering the materiality of the total receivables. |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2019 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation The accompanying Consolidated Financial Statements include the accounts of the Company. The Companyās subsidiaries include subsidiaries which are wholly owned or which the Company has a controlling interest, including where the Company has been determined to be a primary beneficiary of a variable interest entity (āVIEā) in accordance with the consolidation guidance of the Financial Accounting Standards Board (āFASBā) Accounting Standards Codification (āASCā). All inter-company balances and transactions have been eliminated in consolidation. |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates GAAP requires the Company's management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities and the reported amounts of revenues and expenses during a reporting period. The most significant assumptions and estimates relate to the valuation of real estate and related intangible assets and liabilities, equity method investments, other investments, including the assessment of impairments, as well as, depreciable lives, revenue recognition, 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 improvements) and identified intangible assets and liabilities (consisting of above-market and below-market leases, in-place leases and tenant relationships, where applicable), assumed debt and redeemable units issued at the date of acquisition, based on evaluation of information and estimates available at that date. Fair value is determined based on a market approach, which contemplates the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Acquisitions of operating properties are categorized as asset acquisitions and as such the Company capitalizes the acquisition costs associated with these acquisitions. 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 managementās 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 relationships is amortized over the estimated remaining term of the leases. If a lease were to be terminated prior to its scheduled expiration, all unamortized costs relating to that lease would be written off. Depreciation and amortization are provided on the straight-line method over the estimated useful lives of the assets, as follows: Buildings and building improvements (in years) 5 to 50 Fixtures, leasehold and tenant improvements (including certain identified intangible assets) Terms of leases or useful lives, whichever is shorter The 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, less cost to sell, is less than the net book value of the asset, an adjustment to the carrying value would be recorded to reflect the estimated fair value of the property, less estimated costs of sale and the asset is classified as other assets. On a continuous basis, management assesses whether there are any indicators, including property operating performance, changes in anticipated holding period and general market conditions, that the value of the real estate properties (including any related amortizable intangible assets or liabilities) may third third not third |
Real Estate Held for Development and Sale, Policy [Policy Text Block] | Real Estate Under Development Real estate under development represents the development of open-air shopping center projects, which may no one may |
Equity 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 The Companyās joint ventures primarily consist of co-investments with institutional and other joint venture partners in open-air shopping center properties, consistent with its core business. These joint ventures typically obtain non-recourse third may December 31, 2019, not To recognize the character of distributions from equity investees within its Consolidated Statements of Cash Flows, all distributions received are presumed to be returns on investment and classified as cash inflows from operating activities unless the Companyās 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 Companyās investments in unconsolidated joint ventures may The Companyās 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 and Other Assets 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 investmentās 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 Companyās Other real estate investments may The Companyās 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. Other assets include investments for which the Company applies the cost method of accounting. The Company recognizes as income distributions from net accumulated earnings of the investee since the date of acquisition. The net accumulated earnings of an investee subsequent to the date of investment are recognized by the Company only to the extent distributed by the investee. Distributions received in excess of earnings subsequent to the date of investment are considered a return of investment and are recorded as reductions of cost of the investment. For the periods presented, there have been no may not 11 |
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, |
Financing Receivable [Policy Text Block] | Mortgages and Other Financing Receivables Mortgages and other financing receivables consist of loans acquired and loans originated by the Company. Borrowers of these loans are primarily experienced owners, operators or developers of commercial real estate. The Companyās 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 loanās 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 The Company has determined that it has one portfolio segment, primarily represented by loans collateralized by real estate, whereby it determines, as needed, reserves for loan losses on an asset-specific basis. The reserve for loan losses reflects management's estimate of loan losses as of the balance sheet date. The reserve is increased through loan loss expense and is decreased by charge-offs when losses are confirmed through the receipt of assets such as cash or via ownership control of the underlying collateral in full satisfaction of the loan upon foreclosure or when significant collection efforts have ceased. 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 not |
Marketable Securities, Policy [Policy Text Block] | Marketable Securities The Company classifies its marketable equity securities as available-for-sale in accordance with the FASBās Investments-Debt and Equity Securities guidance. On January 1, 2018, 2016 01, Financial Instrumentsā Overall (Subtopic 825 10 2016 01ā 2016 01, 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 not not On a continuous basis, management assesses whether there are any indicators that the value of the Companyās marketable securities may |
Deferred Charges, Policy [Policy Text Block] | Deferred Leasing Costs Effective January 1, 2019, 2016 02, Leases (Topic 842 2016 02ā 2016 02, Software Development Costs Expenditures for major software purchases and software developed for internal use are capitalized and amortized on a straight-line basis generally over a three five December 31, 2019 2018, December 31, 2019, 2018 2017, Deferred Financing Costs Costs incurred in obtaining long-term financing, included in Notes payable, net and Mortgages and construction loan payable, net in the accompanying Consolidated Balance Sheets, are amortized on a straight-line basis, which approximates the effective interest method, over the terms of the related debt agreements, as applicable. |
Revenue [Policy Text Block] | Revenue , Trade Accounts Receivable and Gain Recognition On January 1, 2018, 2014 09, Revenue from Contracts with Customers (Topic 606 606ā January 1, 2018, not not January 1, 2018, 606, not 605 December 31, 2019, no not The Companyās primary source of revenues are derived from lease agreements which fall under the scope of ASU 2016 02, Leases (Topic 842 842ā 606, 606 Revenues from rental properties , net Revenues from rental properties, net are comprised of minimum base rent, percentage rent, lease termination fee income, amortization of above-market and below-market rent adjustments and straight-line rent adjustments. Upon the adoption of Topic 842, 842. Base rental revenues from rental properties are recognized on a straight-line basis over the terms of the related leases. Certain of these leases also provide for percentage rents based upon the level of sales achieved by the lessee. These percentage rents are recognized once the required sales level is achieved. Rental income may Also included in Revenues from rental properties, net are ancillary income and TIF income. Ancillary income is derived through various agreements relating to parking lots, clothing bins, temporary storage, vending machines, ATMs, trash bins and trash collections, seasonal leases, etc. The majority of the revenue derived from these sources are through lease agreements/arrangements and are recognized in accordance with the lease terms described in the lease. The Company has TIF agreements with certain municipalities and receives payments in accordance with the agreements. TIF reimbursement income is recognized on a cash basis when received. Management and other fee income Property management fees, property acquisition and disposition fees, construction management fees, leasing fees and asset management fees all fall within the scope of Topic 606. third Leasing fee income is recognized as a single performance obligation primarily upon the rent commencement date. The Company believes the leasing services it provides are similar for each available space leased and none Property acquisition and disposition fees are recognized when the Company satisfies a performance obligation by acquiring a property or transferring control of a property. These fees are billed subsequent to the acquisition or sale of the property and payment is due upon receipt. Construction management fees are recognized as a single performance obligation (managing the construction of the project) composed of a series of distinct services. The Company believes that the overall service of construction management is substantially the same each day and has the same pattern of performance over the term of the agreement. As a result, each day of service represents a performance obligation satisfied at that point in time. These fees are based on the amount spent on the construction at the end of each period for services performed during that period, primarily billed to the customer monthly and terms for payment are payment due upon receipt. Trade Accounts Receivable The Company reviews its trade accounts receivable, including its straight-line rent receivable, related to base rents, straight-line rent, expense reimbursements and other revenues for collectability. The Company analyzes its accounts receivable, customer credit worthiness and current economic trends when evaluating the adequacy of the collectability of the lesseeās total accounts receivable balance on a lease by lease basis. In addition, tenants in bankruptcy are analyzed and considerations are made in connection with the expected recovery of pre-petition and post-petition bankruptcy claims. Effective January 1, 2019, 842, not Gains on sales of properties/change in control of interests On January 1, 2018, 2017 05, Other IncomeāGains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610 20 610ā 610 January 1, 2018. 610 In accordance with its election to apply the modified retrospective approach for all contracts, the Company recorded a cumulative-effect adjustment of $8.1 million to its beginning retained earnings as of January 1, 2018, December 31, 2017, two 2017 05, |
Leases [Policy Text Block] | Leases The FASB issued Topic 842, 840, Leases The Company adopted this standard effective January 1, 2019 842 842 not not not Lessor In July 2018, 2018 11, Leases - Targeted Improvements 2018 11ā 2018 11 842 606 842 As a lessor, the Companyās recognition of rental revenue under the new standard remained mainly consistent with recognition of rental revenue under the previous guidance, Topic 840, not not 842 third no not not Lessee The Companyās leases where it is the lessee primarily consist of ground leases and administrative office leases. ROU assets represent the Companyās right to use an underlying asset for the lease term and lease liabilities represent the Companyās obligation to make lease payments arising from the lease. ROU assets and lease liabilities are recognized at the commencement date of the lease and are based on the present value of lease payments over the lease term. The Company utilized an incremental borrowing rate based on the information available at adoption of Topic 842 not not 842, 10 |
Income Tax, Policy [Policy Text Block] | Income Taxes The Company elected to qualify as a REIT for federal income tax purposes commencing with its taxable year January 1, 1992 not 856 860 The Company maintains certain subsidiaries which made joint elections with the Company to be treated as taxable REIT subsidiaries ("TRSs"), which permit the Company to engage through such TRSs in certain business activities that the REIT may not may not not Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit 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 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 FASBās guidance relating to uncertainty in income taxes recognized in a Companyās financial statements. Under this guidance the Company may not fifty |
Consolidation, Subsidiaries or Other Investments, Consolidated Entities, Policy [Policy Text Block] | Noncontrolling Interests The Company accounts for noncontrolling interests in accordance with the Consolidation guidance and the Distinguishing Liabilities from Equity guidance issued by the FASB. Noncontrolling interests represent the portion of equity that the Company does not Noncontrolling interests also include amounts related to partnership units issued by consolidated subsidiaries of the Company in connection with certain property acquisitions. These units have a stated redemption value or a defined redemption amount based upon the trading price of the Companyās 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 FASBās Distinguishing Liabilities from Equity guidance. Convertible units for which the Company has the option to settle redemption amounts in cash or common stock are included in the caption Noncontrolling interests within the equity section on the Companyās Consolidated Balance Sheets. Units which embody a conditional obligation requiring the Company to redeem the units for cash after a specified or determinable date (or dates) or upon the occurrence of an event that is not Contingently redeemable noncontrolling interests are recorded at fair value upon issuance. Any change in the fair value or redemption value of these noncontrolling interests is subsequently recognized through Paid-in capital on the Companyās Consolidated Balance Sheets and is included in the Companyās computation of earnings per share (see Footnote 22 |
Share-based Payment Arrangement [Policy Text Block] | Stock Compensation The Company maintains two equity participation plans, the Second Amended and Restated 1998 2010 ā2010 May 1, 2012, 2010 not three five ten fourth fifth four five ten fifth one three may The Company accounts for equity awards in accordance with the FASBās Stock Compensation guidance which requires that all share-based payments to employees be recognized in the Statements of Income over the service period based on their fair values. Fair value 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 20 |
Reclassification, Policy [Policy Text Block] | Reclassifications Certain amounts in the prior periods have been reclassified in order to conform to the current periodās presentation. In conjunction with the adoption of Topic 842 December 31, 2018 2017: not 842 |
New Accounting Pronouncements, Policy [Policy Text Block] | New Accounting Pronouncements - The following table represents ASUs to the FASBās ASCs that, as of December 31, 2019, not not ASU Description Effective Date Effect on the financial statements or other significant matters ASU 2018 17, 810 The amendment to Topic 810 (i) Applying the variable interest entity (VIE) guidance to private companies under common control, and (ii) Considering indirect interests held through related parties under common control, and for determining whether fees paid to decision makers and service providers are variable interests. This update improves the accounting for those areas, thereby improving general purpose financial reporting. Retrospective adoption is required. January 1, 2020; The adoption of this ASU is not ASU 2018 15, 350 40 The amendment aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. January 1, 2020; The adoption of this ASU is not ASU 2018 13, 820 The amendment modifies the disclosure requirements for fair value measurements in Topic 820, Conceptual Framework for Financial Reporting ā Chapter 8: Notes to Financial Statements January 1, 2020; The adoption of this ASU is not ASU 2016 13, 326 ASU 2018 19, 326, ASU 2019 05, 326 The new guidance introduces a new model for estimating credit losses for certain types of financial instruments, including loans receivable, held-to-maturity debt securities, and net investments in direct financing leases, amongst other financial instruments. ASU 2016 13 In November 2018, 2018 19, 842 In May 2019, 2019 05, 2016 13 2016 13, 326 203 825 10.4. not 2016 13. 2016 13. January 1, 2020; The adoption of this ASU is not The following ASUs to the FASBās ASCs have been adopted by the Company as of the date listed: ASU Description Adoption Date Effect on the financial statements or other significant matters ASU 2019 07, No. 33 10532, 33 10231 33 10442, In July 2019, 2019 07 Effective upon issuance ( July 2019) The eliminated or amended disclosures did not ASU 2016 02, 842 ASU 2018 01, 842 842 ASU 2018 10, 842, ASU 2018 11, 842 ASU 2018 20, 842 ASU 2019 01, 842 This ASU sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract (i.e. lessees and lessors). The new standard requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not 12 12 2016 02 840 In January 2018, 2018 01, 842 not not 840 842. In July 2018, 2018 10, Additionally, during July 2018, 2018 11, not 606 842 In December 2018, 2018 20, not third In February 2019, 2019 01, January 1, 2019 The Company adopted this standard using the modified retrospective approach. The Company has identified certain leases and accounting policies which the adoption impacted, including its ground leases, administrative office leases, initial leasing costs and non-lease components. See Leases policy above for further details. (i) Determining the fair value of the underlying asset by lessors that are not (ii) Presentation on the statement of cash flows for sales-type and direct financing leases; and (iii) Transition disclosures related to Topic 250, |
Note 2 - Real Estate (Tables)
Note 2 - Real Estate (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Schedule of Property Subject to or Available for Operating Lease [Table Text Block] | December 31, 201 9 201 8 Land: Developed land $ 2,759,232 $ 2,783,959 Undeveloped land 28,923 38,732 Total land 2,788,155 2,822,691 Buildings and improvements: Buildings 5,661,306 5,697,269 Building improvements 1,840,580 1,696,440 Tenant improvements 771,498 730,623 Fixtures and leasehold improvements 31,563 42,635 Above-market leases 128,854 133,913 In-place leases and tenant relationships 487,150 512,235 Total buildings and improvements 8,920,951 8,813,115 Real estate 11,709,106 11,635,806 Accumulated depreciation and amortization (1) (2,500,053 ) (2,385,287 ) Total real estate, net $ 9,209,053 $ 9,250,519 |
Above and Below Market Lease Tenant Relationships Future Amortization Income Expense [Table Text Block] | 20 20 202 1 202 2 202 3 202 4 Above-market and below-market leases amortization, net $ 12.7 $ 12.5 $ 12.8 $ 11.8 $ 11.4 In-place leases and tenant relationships amortization $ (30.8 ) $ (23.4 ) $ (18.0 ) $ (13.7 ) $ (10.3 ) |
Note 3 - Property Acquisition_2
Note 3 - Property Acquisitions, Developments and Other Investments (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | Month Purchase Price Property Name Acquired/Location Consolidated Cash* Debt Other Consideration*** Total GLA** Bell Camino Out-parcel Sun City, AZ Jan-19 $ 5,678 $ - $ - $ 5,678 45 Gateway at Donner Pass Out-parcel Truckee, CA Jan-19 13,527 - - 13,527 40 Rancho Penasquitos Out-parcel San Diego, CA Jan-19 12,064 - - 12,064 40 Linwood Square (1) Indianapolis, IN Dec-19 1,957 5,389 4,543 11,889 165 $ 33,226 $ 5,389 $ 4,543 $ 43,158 290 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | Allocation as of December 31, 201 9 Weighted-Average Amortization Period (in Years) Land $ 11,852 n/a Buildings 21,075 50.0 Building improvements 3,703 45.0 Tenant improvements 2,234 16.9 In-place leases 4,921 18.2 Above-market leases 203 9.0 Below-market leases (765 ) 12.0 Total assets 850 n/a Total liabilities (915 ) n/a Net assets acquired/consolidated $ 43,158 |
Note 4 - Real Estate Under De_2
Note 4 - Real Estate Under Development (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Real Estate Held for Development [Table Text Block] | December 31, Property Name Location 201 9 201 8 Dania Pointe (1) Dania Beach, FL $ 220,170 $ 152,111 Mill Station (2) Owings Mills, MD - 55,771 Promenade at Christiana (3) New Castle, DE - 33,502 Total* $ 220,170 $ 241,384 |
Note 5 - Dispositions of Real_2
Note 5 - Dispositions of Real Estate and Assets Held-for-sale (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Disposal Groups, Including Discontinued Operations [Table Text Block] | Year Ended December 31 , 201 9 * 201 8 201 7 Aggregate sales price/gross fair value $ 344.7 $ 1,164.3 $ 352.2 Gain on sale of operating properties/change in control of interests $ 79.2 $ 229.8 $ 93.5 Number of operating properties sold/deconsolidated 20 54 25 Number of out-parcels sold 9 7 9 |
Note 6 - Impairments (Tables)
Note 6 - Impairments (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Details of Impairment of Long-Lived Assets Held and Used by Asset [Table Text Block] | 201 9 201 8 201 7 Properties marketed for sale (1) (2) $ 12.5 $ 59.5 $ 34.0 Properties disposed /deeded in lieu/foreclosed(3) 36.2 19.7 17.1 Properties held and used (4) - - 16.2 Total net impairment charges* $ 48.7 $ 79.2 $ 67.3 |
Note 7 - Investment In and Ad_2
Note 7 - Investment In and Advances to Real Estate Joint Ventures (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Equity Method Investments [Table Text Block] | The Company's Investment Ownership as of December 31, Joint Venture Interest 2019 2018 Prudential Investment Program (1) (2) 15.0% $ 169.5 $ 175.2 Kimco Income Opportunity Portfolio (āKIRā) (2) 48.6% 175.0 167.2 Canada Pension Plan Investment Board (āCPPā) (2) 55.0% 151.7 135.0 Other Joint Venture Programs (3) Various 81.9 93.5 Total* $ 578.1 $ 570.9 |
Joint Venture Investments Accounted For Under The Equity Method Debt Details [Table Text Block] | December 31, 201 9 December 31, 201 8 Joint Venture Mortgages and Notes Payable, Net Weighted Average Interest Rate Weighted Average Remaining Term (months)* Mortgages and Notes Payable , N et Weighted Average Interest Rate Weighted Average Remaining Term (months)* Prudential Investment Program $ 538.1 3.46 % 46.8 $ 572.6 4.29 % 49.0 KIR 556.0 4.39 % 28.4 651.4 4.43 % 40.4 CPP 84.8 3.25 % 42.0 84.4 3.85 % 54.0 Other Joint Venture Programs 415.2 3.87 % 80.9 474.2 4.26 % 78.6 Total $ 1,594.1 $ 1,782.6 |
Investments in and Advances to Affiliates [Table Text Block] | December 31, 201 9 201 8 Assets: Real estate, net $ 788.7 $ 848.7 Other assets 83.6 98.5 Total Assets $ 872.3 $ 947.2 Liabilities and Partnersā/Membersā Capital: Notes payable, net $ - $ 73.0 Mortgages payable, net 556.0 578.5 Other liabilities 16.3 20.0 Membersā capital 300.0 275.7 Total Liabilities and Partners'/Members Capital $ 872.3 $ 947.2 December 31, 201 9 201 8 Assets: Real estate, net $ 2,596.9 $ 2,725.4 Other assets 140.3 128.5 Total Assets $ 2,737.2 $ 2,853.9 Liabilities and Partnersā/Membersā Capital: Notes payable, net $ 199.8 $ 199.7 Mortgages payable, net 838.3 931.4 Other liabilities 59.5 42.4 Noncontrolling interests 17.7 16.8 Partnersā/Membersā capital 1,621.9 1,663.6 Total Liabilities and Partners'/Members Capital $ 2,737.2 $ 2,853.9 |
Schedule of Investments in and Advances to Affiliates, Schedule of Investments [Table Text Block] | Year Ended December 31, 201 9 2018 201 7 Revenues $ 193.6 $ 197.2 $ 198.9 Operating expenses (51.0 ) (53.3 ) (55.5 ) Depreciation and amortization (38.0 ) (42.2 ) (39.4 ) Gain on sale of operating properties 32.2 13.5 9.0 Interest expense (28.2 ) (33.3 ) (35.3 ) Other expense, net (1.1 ) (1.5 ) (1.5 ) Net income $ 107.5 $ 80.4 $ 76.2 Year Ended December 31, 2019 2018 2017 Revenues $ 317.6 $ 309.1 $ 317.1 Operating expenses (99.4 ) (92.8 ) (95.1 ) Impairment charges (39.5 ) (20.7 ) (12.8 ) Depreciation and amortization (76.9 ) (80.3 ) (76.8 ) Gain on sale of operating properties 15.0 46.8 17.0 Interest expense (47.1 ) (46.8 ) (46.6 ) Other (expense)/income, net (14.2 ) (2.9 ) (1.5 ) Net income $ 55.5 $ 112.4 $ 101.3 |
Income [Member] | |
Notes Tables | |
Equity Method Investments [Table Text Block] | Year Ended December 31, 201 9 201 8 201 7 Prudential Investment Program (1) $ 10.4 $ 15.2 $ 13.0 KIR 50.3 38.7 36.7 CPP 5.8 5.1 7.2 Other Joint Venture Programs (2) (3) (4) (5) 5.7 12.6 3.9 Total $ 72.2 $ 71.6 $ 60.8 |
Note 8 - Other Real Estate In_2
Note 8 - Other Real Estate Investments (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Real Estate Investment Financial Statements, Disclosure [Table Text Block] | December 31, 201 9 201 8 Assets: Real estate, net $ 91.6 $ 110.4 Other assets 484.6 578.8 Total Assets $ 576.2 $ 689.2 Liabilities and Partnersā/Membersā Capital: Mortgages payable, net $ 236.1 $ 314.0 Other liabilities 2.6 3.0 Partnersā/Membersā capital 337.5 372.2 Total Liabilities and Partners'/Members Capital $ 576.2 $ 689.2 |
Preferred Equity Investments, Income Statement [Table Text Block] | Year Ended December 31, 201 9 201 8 201 7 Revenues $ 66.6 $ 77.0 $ 75.4 Operating expenses (16.0 ) (15.5 ) (14.7 ) Depreciation and amortization (3.2 ) (4.3 ) (4.6 ) Gain on sale of operating properties 13.6 1.9 4.3 Interest expense (11.9 ) (16.9 ) (20.4 ) Other expense, net (7.9 ) (8.2 ) (5.9 ) Net income $ 41.2 $ 34.0 $ 34.1 |
Note 9 - Variable Interest En_2
Note 9 - Variable Interest Entities ("VIE") (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Schedule of Variable Interest Entities [Table Text Block] | December 31, 201 9 December 31, 201 8 Number of unencumbered VIEs 19 20 Number of encumbered VIEs 4 4 Total number of consolidated VIEs 23 24 Restricted Assets: Real estate, net $ 228.9 $ 229.2 Cash and cash equivalents 9.2 4.4 Accounts and notes receivable, net 3.8 2.1 Other assets 3.6 3.3 Total Restricted Assets $ 245.5 $ 239.0 VIE Liabilities: Mortgages and construction loan payable, net $ 104.5 $ 83.8 Other liabilities 48.9 59.4 Total VIE Liabilities $ 153.4 $ 143.2 |
Note 10 - Leases (Tables)
Note 10 - Leases (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Lease, Cost [Table Text Block] | As of December 31, 2019 Lease cost: Operating lease cost $ 12,630 Variable lease cost 2,038 Total lease cost $ 14,668 |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | Year End ing December 31, 2020 $ 10,715 2021 10,499 2022 9,906 2023 9,918 2024 9,016 Thereafter 128,589 Total minimum lease payments $ 178,643 Less imputed interest (85,932 ) Total operating lease liabilities $ 92,711 |
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] | Year End ing December 31, 2019 $ 12,206 2020 9,901 2021 9,716 2022 9,236 2023 8,936 Thereafter 115,788 Total minimum lease payments $ 165,783 |
Note 11 - Other Assets (Tables)
Note 11 - Other Assets (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | 201 9 201 8 201 7 Balance at January 1, $ 14,448 $ 21,838 $ 23,197 Additions: New mortgage loans 3,750 14,825 - Additions under existing mortgage loans 48 - - Foreign currency translation - 116 385 Amortization of loan discounts 33 125 112 Deductions: Loan repayments (10,136 ) (21,012 ) - Charge off/foreign currency translation - (155 ) (449 ) Collections of principal (313 ) (1,287 ) (1,405 ) Amortization of loan costs (1 ) (2 ) (2 ) Balance at December 31, $ 7,829 $ 14,448 $ 21,838 |
Note 12 - Notes Payable (Tables
Note 12 - Notes Payable (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Schedule of Debt [Table Text Block] | Type Date Paid Amount Repaid Interest Rate Maturity Date Senior unsecured notes (1) Aug-18 $ 300.0 6.875% Oct-19 Senior unsecured notes (2) Jun-18 & Jul-18 $ 15.1 3.200% May-21 |
Schedule of Debt Issuance [Table Text Block] | Date Issued Maturity Date Amount Issued Interest Rate Aug-19 Oct-49 $ 350.0 3.70% |
Notes Payable [Member] | |
Notes Tables | |
Schedule of Debt [Table Text Block] | Carrying Amount at December 31, Interest Rate at December 31, Maturity Date at 201 9 2018 201 9 201 8 December 31, 201 9 Senior unsecured notes $ 4,684.9 $ 4,334.9 2.70% - 4.45% 2.70% - 6.88% May-2021ā Oct 2049 Credit facility 200.0 100.0 (a) (a) Mar-2021 Deferred financing costs, net (53.1 ) (53.4 ) n/a n/a n/a $ 4,831.8 $ 4,381.5 3.46%* 3.48%* |
Unsecured Debt [Member] | |
Notes Tables | |
Schedule of Maturities of Long-term Debt [Table Text Block] | 20 20 202 1 202 2 202 3 202 4 Thereafter Total Principal payments $ - $ 684.9 $ 500.0 $ 350.0 $ 400.0 $ 2,950.0 $ 4,884.9 |
Note 13 - Mortgages and Const_2
Note 13 - Mortgages and Construction Loan Payable (Tables) - Mortgages [Member] | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Schedule of Long-term Debt Instruments [Table Text Block] | Carrying Amount at December 31, Interest Rate at December 31, Maturity Date at 201 9 201 8 201 9 201 8 December 31, 201 9 Mortgages payable $ 410.6 $ 430.8 3.23% - 7.23% 3.23% - 9.75% May-2020 ā Apr-2028 Construction loan payable 67.0 51.0 3.56% 4.23% Aug-2020 Fair value debt adjustments, net 7.9 13.1 n/a n/a n/a Deferred financing costs, net (1.5 ) (2.5 ) n/a n/a n/a $ 484.0 $ 492.4 4.97%* 4.89%* |
Schedule of Maturities of Long-term Debt [Table Text Block] | 2020 2021 2022 2023 202 4 Thereafter Total Principal payments $ 169.3 $ 144.8 $ 144.5 $ 15.1 $ 1.7 $ 2.2 $ 477.6 |
Note 14 - Noncontrolling Inte_2
Note 14 - Noncontrolling Interests/Redeemable Noncontrolling Interests (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Convertible Non-convertible Units [Table Text Block] | Type Par Value Per Unit Number of Units Remaining Return Per Annum Class B-1 Preferred Units (1) $ 10,000 189 7.0% Class B-2 Preferred Units (2) $ 10,000 42 7.0% Class C DownReit Units (1) $ 30.52 52,797 Equal to the Companyās common stock dividend |
Redeemable Noncontrolling Interest [Table Text Block] | 20 1 9 201 8 Balance at January 1, $ 23,682 $ 16,143 Income 358 373 Distributions (345 ) (355 ) Redemption of redeemable units (1) (5,752 ) - Adjustment to estimated redemption value (2) - 7,521 Balance at December 31, $ 17,943 $ 23,682 |
Note 15 - Fair Value Disclosu_2
Note 15 - Fair Value Disclosure of Financial Instruments (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Fair Value, by Balance Sheet Grouping [Table Text Block] | December 31, 201 9 201 8 Carrying Amounts Estimated Fair Value Carrying Amounts Estimated Fair Value Notes payable, net (1) $ 4,831,759 $ 4,983,763 $ 4,381,456 $ 4,126,450 Mortgages and construction loan payable, net (2) $ 484,008 $ 486,042 $ 492,416 $ 486,341 |
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block] | Balance at December 31, 201 9 Level 1 Level 2 Level 3 Assets: Marketable equity securities (1) $ 9,353 $ 9,353 $ - $ - Balance at December 31, 201 8 Level 1 Level 2 Level 3 Assets: Marketable equity securities (1) $ 9,045 $ 9,045 $ - $ - Balance at December 31, 201 9 Level 1 Level 2 Level 3 Real estate $ 39,510 $ - $ - $ 39,510 Other real estate investments $ 32,974 $ - $ - $ 32,974 Balance at December 31, 2018 Level 1 Level 2 Level 3 Real estate $ 99,693 $ - $ - $ 99,693 Investments in real estate joint ventures (1) $ 62,429 $ - $ - $ 62,429 |
Note 16 - Preferred Stock, Co_2
Note 16 - Preferred Stock, Common Stock and Convertible Unit Transactions (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Schedule of Stockholders Equity [Table Text Block] | As of December 31, 201 9 Class of Preferred Stock Shares Authorized Shares Issued and Outstanding Liquidation Preference (in thousands) Dividend Rate Annual Dividend per Depositary Share Par Value Optional Redemption Date Class L 10,350 9,000 $ 225,000 5.125 % $ 1.28125 $ 1.00 8/16/2022 Class M 10,580 10,580 264,500 5.250 % $ 1.31250 $ 1.00 12/20/2022 19,580 $ 489,500 As of December 31, 201 8 Class of Preferred Stock Shares Authorized Shares Issued and Outstanding Liquidation Preference (in thousands) Dividend Rate Annual Dividend per Depositary Share Par Value Optional Redemption Date Class I 18,400 7,000 $ 175,000 6.000 % $ 1.50000 $ 1.00 3/20/2017 Class J 9,000 9,000 225,000 5.500 % $ 1.37500 $ 1.00 7/25/2017 Class K 8,050 7,000 175,000 5.625 % $ 1.40625 $ 1.00 12/7/2017 Class L 10,350 9,000 225,000 5.125 % $ 1.28125 $ 1.00 8/16/2022 Class M (1) 10,580 10,580 264,500 5.250 % $ 1.31250 $ 1.00 12/20/2022 42,580 $ 1,064,500 |
Dividends Declared [Table Text Block] | Year Ended December 31, 2019 2018 2017 Common Stock $ 1.12000 $ 1.12000 $ 1.09000 Class I Depositary Shares $ 0.99583 $ 1.50000 $ 1.50000 Class I Depositary Shares Redeemed $ - $ - $ 0.96250 Class J Depositary Shares $ 1.37500 $ 1.37500 $ 1.37500 Class K Depositary Shares $ 0.93359 $ 1.40625 $ 1.40625 Class L Depositary Shares $ 1.28125 $ 1.28125 $ 0.48047 Class M Depositary Shares $ 1.31250 $ 1.31250 $ 0.04010 |
Preferred Stock Redeemed [Member] | |
Notes Tables | |
Schedule of Stockholders Equity [Table Text Block] | Class of Preferred Stock Redemption Date Depositary Shares Redeemed Redemption Price per Depositary Share Redemption Amount (in millions) Redemption Charges (in millions) (1) Class J 12/31/2019 9,000,000 $ 25.00 $ 225.0 $ 7.1 Class I 9/14/2019 7,000,000 $ 25.00 $ 175.0 $ 5.5 Class K 9/14/2019 7,000,000 $ 25.00 $ 175.0 $ 5.9 |
Note 17 - Supplemental Schedu_2
Note 17 - Supplemental Schedule of Non-cash Investing / Financing Activities (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block] | 201 9 201 8 201 7 Acquisition of real estate interests by assumption of mortgage debt $ - $ - $ 45,299 Acquisition of real estate interests through proceeds held in escrow $ 36,076 $ - $ 162,396 Proceeds deposited in escrow through sale of real estate interests $ 5,106 $ 41,949 $ 162,396 Disposition of real estate interests through the issuance of mortgage receivable $ 3,750 $ 14,700 $ - Disposition of real estate interests by a deed in lieu/foreclosure of debt $ 3,892 $ 7,444 $ - Forgiveness of debt due to a deed in lieu/foreclosure $ 6,905 $ 12,415 $ - Capital expenditures accrual $ 65,900 $ 60,611 $ 74,123 Surrender of restricted common stock $ 4,030 $ 4,360 $ 5,699 Declaration of dividends paid in succeeding period $ 126,274 $ 130,262 $ 128,892 Change in noncontrolling interest due to liquidation of partnership $ - $ - $ 64,948 Increase in redeemable noncontrolling interestsā carrying amount $ - $ 7,521 $ - Deemed contribution from noncontrolling interest $ - $ - $ 10,000 Consolidation of Joint Ventures: Increase in real estate and other assets, net $ 7,884 $ - $ 325,981 Increase in mortgages payable, other liabilities and noncontrolling interests $ 7,747 $ - $ 258,626 Deconsolidation of Joint Ventures: Decrease in real estate and other assets $ - $ 300,299 $ - Increase in investments in and advances to real estate joint ventures $ - $ 62,429 $ - Decrease in mortgages and construction loan payable, other liabilities and noncontrolling interests $ - $ 248,274 $ - |
Note 19 - Commitments and Con_2
Note 19 - Commitments and Contingencies (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Lessor, Operating Lease, Payments to be Received, Maturity [Table Text Block] | 2020 2021 2022 2023 202 4 Thereafter Minimum revenues $ 827.4 $ 773.6 $ 680.9 $ 582.0 $ 485.4 $ 2,658.1 |
Note 20 - Incentive Plans (Tabl
Note 20 - Incentive Plans (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Share-based Payment Arrangement, Option, Activity [Table Text Block] | Shares Weighted-Average Exercise Price Per Share Aggregate Intrinsic V alue (in millions) Options outstanding, January 1, 2017 6,013,729 $ 32.09 $ 12.1 Exercised (83,863 ) $ 18.20 $ 3.4 Forfeited (2,464,920 ) $ 35.91 Options outstanding, December 31, 2017 3,464,946 $ 27.81 $ - Exercised (42,259 ) $ 14.00 $ 0.1 Forfeited (1,781,321 ) $ 36.53 Options outstanding, December 31, 2018 1,641,366 $ 18.78 $ 0.4 Exercised (268,856 ) $ 14.43 $ 1.1 Forfeited (74,574 ) $ 20.24 Options outstanding, December 31, 2019 1,297,936 $ 19.60 $ 2.0 Options exercisable (fully vested) - December 31, 2017 3,464,946 $ 27.81 $ 4.0 December 31, 2018 1,641,366 $ 18.78 $ 0.4 December 31, 2019 1,297,936 $ 19.60 $ 2.0 |
Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block] | 201 9 201 8 201 7 Restricted stock outstanding as of January 1, 2,104,914 1,777,429 1,930,732 Granted (1) 884,170 1,100,590 646,142 Vested (603,148 ) (751,201 ) (783,872 ) Forfeited (18,093 ) (21,904 ) (15,573 ) Restricted stock outstanding as of December 31, 2,367,843 2,104,914 1,777,429 |
Share-based Payment Arrangement, Performance Shares, Outstanding Activity [Table Text Block] | 201 9 201 8 201 7 Performance share awards outstanding as of January 1, 433,230 235,950 197,249 Granted (1) 407,080 297,450 135,780 Vested (2) (135,780 ) (100,170 ) (97,079 ) Performance share awards outstanding as of December 31, 704,530 433,230 235,950 |
Performance Shares [Member] | |
Notes Tables | |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | 201 9 201 8 201 7 Stock price $ 17.81 $ 14.99 $ 24.91 Dividend yield (1) 0 % 0 % 0 % Risk-free rate 2.52 % 2.39 % 1.45 % Volatility (2) 24.55 % 22.90 % 18.93 % Term of the award (years) 2.88 2.85 2.88 |
Note 21 - Income Taxes (Tables)
Note 21 - Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Book to Tax Reconciliation [Table Text Block] | 201 9 2018 2017 (Estimated) ( Actual ) (Actual) GAAP net income attributable to the Company $ 410,605 $ 497,795 $ 426,075 GAAP net loss/(income) attributable to TRSs 1,117 (2,436 ) (12,406 ) GAAP net income from REIT operations (1) 411,722 495,359 413,669 Net book depreciation in excess of tax depreciation 56,094 46,754 122,043 Capitalized leasing/legal commissions - (15,268 ) (7,102 ) Deferred/prepaid/above-market and below-market rents, net (33,518 ) (23,466 ) (29,364 ) Fair market value debt amortization (4,412 ) (5,268 ) (8,495 ) Book/tax differences from executive compensation (2) 6,026 5,460 2,396 Book/tax differences from non-qualified stock options (1,121 ) (112 ) (172 ) Book/tax differences from investments in and advances to real estate joint ventures (606 ) 26,263 (24,992 ) Book/tax differences from sale of properties 18,692 (13,612 ) (86,629 ) Book adjustment to property carrying values and marketable equity securities 31,980 59,866 51,309 Taxable currency exchange gains/(losses), net (33 ) 929 (780 ) Tangible property regulation deduction - (40,361 ) (52,809 ) GAAP gain on change in control of joint venture interests (137 ) (6,800 ) (71,160 ) Dividends from TRSs 3,331 526 1,226 Other book/tax differences, net (3,166 ) 775 2,056 Adjusted REIT taxable income $ 484,852 $ 527,045 $ 311,196 |
Taxable Characteristics of Distributions Paid [Table Text Block] | 201 9 201 8 201 7 Preferred I Dividends Ordinary income $ 7,389 77 % $ 5,565 53 % $ 21,636 96 % Capital gain 2,207 23 % 4,935 47 % 902 4 % $ 9,596 100 % $ 10,500 100 % $ 22,538 100 % Preferred J Dividends Ordinary income $ 11,541 77 % $ 6,559 53 % $ 11,880 96 % Capital gain 3,447 23 % 5,816 47 % 495 4 % $ 14,988 100 % $ 12,375 100 % $ 12,375 100 % Preferred K Dividends Ordinary income $ 6,927 77 % $ 5,217 53 % $ 9,450 96 % Capital gain 2,069 23 % 4,627 47 % 394 4 % $ 8,996 100 % $ 9,844 100 % $ 9,844 100 % Preferred L Dividends Ordinary income $ 8,879 77 % $ 6,111 53 % $ 1,814 96 % Capital gain 2,652 23 % 5,420 47 % 76 4 % $ 11,531 100 % $ 11,531 100 % $ 1,890 100 % Preferred M Dividends Ordinary income $ 10,692 77 % $ 6,031 53 % $ - - Capital gain 3,194 23 % 5,348 47 % - - $ 13,886 100 % $ 11,379 100 % $ - - Common Dividends Ordinary income $ 328,726 70 % $ 235,642 50 % $ 260,573 57 % Capital gain 98,618 21 % 212,077 45 % 9,143 2 % Return of capital 42,265 9 % 23,564 5 % 187,430 41 % $ 469,609 100 % $ 471,283 100 % $ 457,146 100 % Total dividends distributed for tax purposes $ 528,606 $ 526,912 $ 503,793 |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | 201 9 201 8 2017 (Loss)/income before income taxes ā U.S. $ (1,682 ) $ 4,331 $ 1,487 Benefit/(provision) for income taxes, net: Federal: Current 3,362 (1,221 ) (704 ) Deferred (349 ) (1,198 ) (632 ) Federal tax benefit/(provision) 3,013 (2,419 ) (1,336 ) State and local: Current (26 ) (43 ) (66 ) Deferred (19 ) (414 ) (190 ) State tax provision (45 ) (457 ) (256 ) Total tax benefit/(provision) ā U.S. 2,968 (2,876 ) (1,592 ) Net income/(loss) from U.S. TRSs $ 1,286 $ 1,455 $ (105 ) (Loss)/income before taxes ā Non-U.S. $ (599 ) $ 2,384 $ (11,483 ) (Provision)/benefit for Non-U.S. income taxes: Current $ (69 ) $ 1,634 $ 2,425 Deferred 418 (358 ) 47 Non-U.S. tax benefit $ 349 $ 1,276 $ 2,472 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | 201 9 201 8 201 7 Federal benefit/(provision) at statutory tax rate* (1) (3) $ 3,010 $ (2,490 ) $ (520 ) State and local provision, net of federal benefit (2) (42 ) (386 ) (1,072 ) Total tax benefit/(provision) ā U.S. $ 2,968 $ (2,876 ) $ (1,592 ) |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | 201 9 201 8 Deferred tax assets: Tax/GAAP basis differences $ 29,618 $ 28,865 Net operating losses (1) 20,917 20,947 Tax credit carryforwards (2) 2,340 6,064 Capital loss carryforwards 2,270 2,270 Related party deferred losses 619 619 Charitable contribution carryforwards 23 23 Valuation allowance (42,703 ) (45,413 ) Total deferred tax assets 13,084 13,375 Deferred tax liabilities (12,844 ) (12,768 ) Net deferred tax assets $ 240 $ 607 |
Summary of Income Tax Contingencies [Table Text Block] | 201 9 201 8 Balance at January 1, $ 2,806 $ 3,991 Changes in tax positions related to current year (1) 16 (250 ) Reductions due to lapsed statute of limitations (434 ) (935 ) Balance at December 31, $ 2,388 $ 2,806 |
Note 22 - Earnings Per Share (T
Note 22 - Earnings Per Share (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | For the Year Ended December 31, 201 9 2018 2017 Computation of Basic and Diluted Earnings Per Share: Net income available to the Company's common shareholders $ 339,988 $ 439,604 $ 372,461 Change in estimated redemption value of redeemable noncontrolling interests - (7,521 ) - Earnings attributable to participating securities (2,599 ) (2,375 ) (2,132 ) Net income available to the Companyās common shareholders for basic earnings per share 337,389 429,708 370,329 Distributions on convertible units 30 99 - Net income available to the Companyās common shareholders for diluted earnings per share $ 337,419 $ 429,807 $ 370,329 Weighted average common shares outstanding ā basic 420,370 420,641 423,614 Effect of dilutive securities (1): Equity awards 1,365 628 405 Assumed conversion of convertible units 64 110 - Weighted average common shares outstanding ā diluted 421,799 421,379 424,019 Net income available to the Company's common shareholders: Basic earnings per share $ 0.80 $ 1.02 $ 0.87 Diluted earnings per share $ 0.80 $ 1.02 $ 0.87 |
Note 23 - Supplemental Financ_2
Note 23 - Supplemental Financial Information (Unaudited) (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Quarterly Financial Information [Table Text Block] | 201 9 First Quarter Second Quarter Third Quarter Fourth Quarter Revenues $ 295,010 $ 284,873 $ 282,871 $ 296,130 Net income attributable to the Company $ 116,169 $ 101,027 $ 83,990 $ 109,419 Net income per common share: Basic $ 0.24 $ 0.20 $ 0.14 $ 0.22 Diluted $ 0.24 $ 0.20 $ 0.14 $ 0.22 201 8 First Quarter Second Quarter Third Quarter Fourth Quarter Revenues $ 304,078 $ 293,403 $ 283,080 $ 284,201 Net income attributable to the Company $ 144,090 $ 165,386 $ 100,158 $ 88,161 Net income per common share: Basic $ 0.30 $ 0.36 $ 0.19 $ 0.17 Diluted $ 0.30 $ 0.36 $ 0.19 $ 0.17 |
Note 24 - Captive Insurance C_2
Note 24 - Captive Insurance Company (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Schedule of Unpaid Losses and Loss Adjustments [Table Text Block] | 201 9 201 8 Balance at the beginning of the year $ 16,130 $ 18,965 Incurred related to: Current year 5,331 5,236 Prior years (1,948 ) (2,653 ) Total incurred 3,383 2,583 Paid related to: Current year (256 ) (683 ) Prior years (3,593 ) (4,735 ) Total paid (3,849 ) (5,418 ) Balance at the end of the year $ 15,664 $ 16,130 |
Schedule II - Valuation and Q_2
Schedule II - Valuation and Qualifying Accounts (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
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, 2019 Allowance for deferred tax asset $ 45,413 $ - $ (2,710 ) $ - $ 42,703 Year Ended December 31, 2018 Allowance for uncollectable accounts (1) $ 17,066 $ 9,254 $ - $ (5,882 ) $ 20,438 Allowance for deferred tax asset $ 54,155 $ - $ (8,742 ) $ - $ 45,413 Year Ended December 31, 2017 Allowance for uncollectable accounts (1) $ 24,175 $ 6,641 $ - $ (13,750 ) $ 17,066 Allowance for deferred tax asset $ 95,126 $ - $ (40,971 ) $ - $ 54,155 |
Schedule III - Real Estate an_2
Schedule III - Real Estate and Accumulated Depreciation (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Schedule of Real Estate Properties [Table Text Block] | INITIAL COST COST DESCRIPTION State LAND BUILDING AND IMPROVEMENTS CAPITALIZED SUBSEQUENT TO ACQUISITION (1) LAND BUILDING AND IMPROVEMENTS TOTAL ACCUMULATED DEPRECIATION TOTAL COST, NET OF ACCUMULATED DEPRECIATION ENCUMBRANCES (2) DATE OF ACQUISITION(A) CONSTRUCTION(C) SHOPPING CENTERS MESA RIVERVIEW AZ 15,000,000 - 143,355,726 307,992 158,047,734 158,355,726 64,312,335 94,043,391 - 2005(C) METRO SQUARE AZ 4,101,017 16,410,632 2,302,017 4,101,017 18,712,649 22,813,666 9,876,683 12,936,983 - 1998(A) PLAZA DEL SOL AZ 5,324,501 21,269,943 1,600,778 4,577,869 23,617,353 28,195,222 9,771,579 18,423,643 - 1998(A) PLAZA AT MOUNTAINSIDE AZ 2,450,341 9,802,046 2,451,010 2,450,341 12,253,056 14,703,397 6,977,925 7,725,472 - 1997(A) VILLAGE CROSSROADS AZ 5,662,554 24,981,223 1,265,298 5,662,554 26,246,521 31,909,075 6,323,449 25,585,626 - 2011(A) NORTH VALLEY AZ 6,861,564 18,200,901 6,082,402 3,861,272 27,283,595 31,144,867 5,595,396 25,549,471 - 2011(A) CHRISTOWN SPECTRUM AZ 33,831,348 91,004,070 18,373,348 76,638,511 66,570,255 143,208,766 14,743,804 128,464,962 - 2015(A) BELL CAMINO CENTER AZ 2,427,465 6,439,065 689,471 2,427,465 7,128,536 9,556,001 2,215,168 7,340,833 - 2012(A) BELL CAMINO-SAFEWAY PARCEL AZ 1,104,233 4,574,035 - 1,104,233 4,574,035 5,678,268 133,306 5,544,962 - 2019(A) COLLEGE PARK SHOPPING CENTER AZ 3,276,951 7,741,323 1,275,173 3,276,951 9,016,496 12,293,447 2,862,725 9,430,722 - 2011(A) COSTCO PLAZA - 541 CA 4,995,639 19,982,557 569,752 4,995,639 20,552,309 25,547,948 11,562,681 13,985,267 - 1998(A) BROOKHURST CENTER CA 10,492,714 31,357,512 3,524,807 22,299,852 23,075,181 45,375,033 3,894,609 41,480,424 - 2016(A) LAKEWOOD PLAZA CA 1,294,176 3,669,266 (3,445,611) - 1,517,831 1,517,831 727,962 789,869 - 2014(A) MADISON PLAZA CA 5,874,396 23,476,190 2,511,994 5,874,396 25,988,184 31,862,580 13,026,896 18,835,684 - 1998(A) CORONA HILLS PLAZA CA 13,360,965 53,373,453 10,875,821 13,360,965 64,249,274 77,610,239 36,069,787 41,540,452 - 1998(A) 280 METRO CENTER CA 38,734,566 94,903,403 267,577 38,734,566 95,170,980 133,905,546 13,194,581 120,710,965 - 2015(A) LABAND VILLAGE SHOPPING CENTER CA 5,600,000 13,289,347 (858,589) 5,607,237 12,423,521 18,030,758 6,418,166 11,612,592 - 2008(A) CUPERTINO VILLAGE CA 19,886,099 46,534,919 26,582,719 19,886,099 73,117,638 93,003,737 22,253,195 70,750,542 - 2006(A) NORTH COUNTY PLAZA CA 10,205,305 28,934,219 (490,889) 20,894,811 17,753,824 38,648,635 4,168,260 34,480,375 - 2014(A) CHICO CROSSROADS CA 9,975,810 30,534,524 (5,581,834) 9,985,652 24,942,848 34,928,500 10,428,979 24,499,521 - 2008(A) CREEKSIDE CENTER CA 3,870,823 11,562,580 179,527 5,154,061 10,458,869 15,612,930 1,455,396 14,157,534 - 2016(A) LA MIRADA THEATRE CENTER CA 8,816,741 35,25 (689,279) 6,888,680 36,498,747 43,387,427 18,514,444 24,872,983 - 1998(A) KENNETH HAHN PLAZA CA 4,114,863 7,660,855 (1,796,476) - 9,979,242 9,979,242 3,563,777 6,415,465 - 2010(A) LA VERNE TOWN CENTER CA 8,414,328 23,856,418 12,183,413 16,362,169 28,091,990 44,454,159 5,248,265 39,205,894 - 2014(A) LINCOLN HILLS TOWN CENTER CA 8,228,587 26,127,322 477,068 8,228,587 26,604,390 34,832,977 4,928,028 29,904,949 - 2015(A) NOVATO FAIR S.C. CA 9,259,778 15,599,790 1,179,252 9,259,778 16,779,042 26,038,820 6,806,338 19,232,482 - 2009(A) SOUTH NAPA MARKET PLACE CA 1,100,000 22,159,086 20,969,254 23,119,071 21,109,269 44,228,340 12,816,370 31,411,970 - 2006(A) PLAZA DI NORTHRIDGE CA 12,900,000 40,574,842 1,285,181 12,900,000 41,860,023 54,760,023 15,380,373 39,379,650 - 2005(A) LINDA MAR SHOPPING CENTER CA 16,548,592 37,521,194 4,065,640 16,548,592 41,586,834 58,135,426 9,090,842 49,044,584 - 2014(A) POWAY CITY CENTRE CA 5,854,585 13,792,470 9,133,189 7,247,814 21,532,430 28,780,244 9,484,235 19,296,009 - 2005(A) REDWOOD CITY PLAZA CA 2,552,000 6,215,168 5,942,958 2,552,000 12,158,126 14,710,126 2,223,780 12,486,346 - 2009(A) STANFORD RANCH CA 10,583,764 30,007,231 2,825,590 9,982,626 33,433,959 43,416,585 5,229,353 38,187,232 13,021,617 2014(A) CROCKER RANCH CA 7,526,146 24,877,611 104,542 7,526,146 24,982,153 32,508,299 3,987,122 28,521,177 8,766,823 2015(A) HOME DEPOT PLAZA CA 4,592,364 18,345,257 17,200 4,592,364 18,362,457 22,954,821 10,315,399 12,639,422 - 1998(A) SANTEE TROLLEY SQUARE CA 40,208,683 62,963,757 411,257 40,208,683 63,375,014 103,583,697 17,986,945 85,596,752 - 2015(A) SAN DIEGO CARMEL MOUNTAIN CA 5,322,600 8,873,991 244,224 5,322,600 9,118,215 14,440,815 2,681,379 11,759,436 - 2009(A) FULTON MARKET PLACE CA 2,966,018 6,920,710 16,282,569 6,279,753 19,889,544 26,169,297 4,441,853 21,727,444 - 2005(A) BLACK MOUNTAIN VILLAGE CA 4,678,015 11,913,344 964,215 4,678,015 12,877,559 17,555,574 5,059,703 12,495,871 - 2007(A) RANCHO PENASQUITOS TOWNE CTR I CA 14,851,595 20,342,165 728,359 14,851,595 21,070,524 35,922,119 3,463,773 32,458,346 12,842,710 2015(A) RANCHO PENASQUITOS-VONS PROP. CA 2,917,963 9,145,905 - 2,917,963 9,145,905 12,063,868 248,246 11,815,622 - 2019(A) RANCHO PENASQUITOS TWN CTR II CA 12,944,972 20,323,961 728,718 12,944,972 21,052,679 33,997,651 3,472,979 30,524,672 9,855,105 2015(A) CITY HEIGHTS CA 10,687,472 28,324,896 (676,206) 13,908,563 24,427,599 38,336,162 4,541,708 33,794,454 - 2012(A) TRUCKEE CROSSROADS CA 2,140,000 28,324,896 (18,556,146) 2,140,000 9,768,750 11,908,750 5,931,012 5,977,738 1,492,324 2006(A) GATEWAY AT DONNER PASS CA 4,515,688 8,318,667 14,132,153 8,759,279 18,207,229 26,966,508 1,926,037 25,040,471 - 2015(A) WESTLAKE SHOPPING CENTER CA 16,174,307 64,818,562 103,332,384 16,174,307 168,150,946 184,325,253 61,003,852 123,321,401 - 2002(A) LAKEWOOD VILLAGE CA 8,597,100 24,374,615 (870,415) 11,683,364 20,417,936 32,101,300 4,854,875 27,246,425 - 2014(A) WHITTWOOD TOWN CENTER CA 57,135,695 105,814,560 2,249,451 57,138,906 108,060,800 165,199,706 12,185,715 153,013,991 43,665,459 2017(A) VILLAGE ON THE PARK CO 2,194,463 8,885,987 16,704,873 3,018,391 24,766,932 27,785,323 6,314,280 21,471,043 - 1998(A) QUINCY PLACE S.C. CO 1,148,317 4,608,249 2,568,067 1,148,317 7,176,316 8,324,633 3,734,528 4,590,105 - 1998(A) EAST BANK S.C. CO 1,500,568 6,180,103 4,613,710 1,500,568 10,793,813 12,294,381 4,180,188 8,114,193 - 1998(A) NORTHRIDGE SHOPPING CENTER CO 4,932,690 16,496,175 2,107,365 8,934,385 14,601,845 23,536,230 2,950,869 20,585,361 - 2013(A) DENVER WEST 38TH STREET CO 161,167 646,983 412,472 161,167 1,059,455 1,220,622 363,563 857,059 - 1998(A) ENGLEWOOD PLAZA CO 805,837 3,232,650 897,656 805,837 4,130,306 4,936,143 2,219,070 2,717,073 - 1998(A) GREELEY COMMONS CO 3,313,095 20,069,559 1,525,944 3,313,095 21,595,503 24,908,598 4,986,795 19,921,803 - 2012(A) HIGHLANDS RANCH VILLAGE S.C. CO 8,135,427 21,579,936 457,168 5,337,081 24,835,450 30,172,531 5,073,713 25,098,818 - 2011(A) VILLAGE CENTER WEST CO 2,010,519 8,361,084 729,196 2,010,519 9,090,280 11,100,799 1,826,199 9,274,600 - 2011(A) HIGHLANDS RANCH II CO 3,514,837 11,755,916 822,188 3,514,837 12,578,104 16,092,941 3,304,340 12,788,601 - 2013(A) VILLAGE CENTER - HIGHLAND RANCH CO 1,140,000 2,660,000 283,724 1,140,000 2,943,724 4,083,724 396,713 3,687,011 - 2014(A) HERITAGE WEST S.C. CO 1,526,576 6,124,074 2,309,547 1,526,576 8,433,621 9,960,197 4,093,180 5,867,017 - 1998(A) MARKET AT SOUTHPARK CO 9,782,769 20,779,522 3,115,099 9,782,769 23,894,621 33,677,390 5,308,497 28,368,893 - 2011(A) NEWTOWN S.C. CT - 15,635,442 419,521 - 16,054,963 16,054,963 2,516,815 13,538,148 7,366,380 2014(A) WEST FARM SHOPPING CENTER CT 5,805,969 23,348,024 18,702,013 7,585,116 40,270,890 47,856,006 17,447,864 30,408,142 - 1998(A) HAMDEN MART CT 13,668,167 40,890,166 5,769,128 14,225,573 46,101,888 60,327,461 7,544,067 52,783,394 19,666,094 2016(A) HOME DEPOT PLAZA CT 7,704,968 30,797,640 3,627,240 7,704,968 34,424,880 42,129,848 17,116,263 25,013,585 - 1998(A) WILTON RIVER PARK SHOPPING CTR CT 7,154,585 27,509,279 236,837 7,154,584 27,746,117 34,900,701 5,598,301 29,302,400 - 2012(A) BRIGHT HORIZONS CT 1,211,748 4,610,610 82,937 1,211,748 4,693,547 5,905,295 1,154,633 4,750,662 - 2012(A) WILTON CAMPUS CT 10,168,872 31,893,016 2,642,528 10,168,872 34,535,544 44,704,416 9,258,360 35,446,056 - 2013(A) CAMDEN SQUARE DE 122,741 66,738 4,680,370 3,024,375 1,845,474 4,869,849 232,710 4,637,139 - 2003(A) PROMENADE AT CHRISTIANA DE 14,371,686 - 8,497,354 9,600,000 13,269,040 22,869,040 91,925 22,777,115 - 2014(C) BRANDYWINE COMMONS DE - 36,057,487 (936,597) - 35,120,890 35,120,890 6,318,402 28,802,488 - 2014(A) CAMINO SQUARE FL 573,875 2,295,501 3,654,326 733,875 5,789,827 6,523,702 3,872,616 2,651,086 - 1992(A) CORAL SQUARE PROMENADE FL 710,000 2,842,907 4,125,500 710,000 6,968,407 7,678,407 4,231,686 3,446,721 - 1994(A) MAPLEWOOD PLAZA FL 1,649,000 6,626,301 1,668,185 1,649,000 8,294,486 9,943,486 4,367,202 5,576,284 - 1997(A) CURLEW CROSSING SHOPPING CTR FL 5,315,955 12,529,467 2,745,007 5,315,955 15,274,474 20,590,429 6,660,355 13,930,074 - 2005(A) SHOPS AT SANTA BARBARA PHASE 1 FL 743,463 5,373,994 220,269 743,463 5,594,263 6,337,726 927,828 5,409,898 - 2015(A) SHOPS AT SANTA BARBARA PHASE 2 FL 331,692 2,488,832 - 331,692 2,488,832 2,820,524 476,559 2,343,965 - 2015(A) SHOPS AT SANTA BARBARA PHASE 3 FL 329,726 2,358,700 61,618 329,726 2,420,318 2,750,044 406,125 2,343,919 - 2015(A) CORAL POINTE S.C. FL 2,411,608 20,507,735 609,267 2,411,608 21,117,002 23,528,610 3,507,027 20,021,583 - 2015(A) DANIA POINTE FL 105,113,024 - 31,366,749 26,093,655 110,386,118 136,479,773 2,197,976 134,281,797 66,616,007 2016(C) DANIA POINTE - PHASE II (3) FL - - 220,170,209 220,170,209 - 220,170,209 - 220,170,209 - 2018(C) FT.LAUDERDALE/CYPRESS CREEK FL 14,258,760 28,042,390 3,348,067 14,258,760 31,390,457 45,649,217 10,756,266 34,892,951 - 2009(A) HOMESTEAD-WACHTEL LAND LEASE FL 150,000 - - 150,000 - 150,000 - 150,000 - 2013(A) OAKWOOD PLAZA NORTH FL 35,300,961 141,731,019 (247,550) 35,300,961 141,483,469 176,784,430 18,280,715 158,503,715 - 2016(A) OAKWOOD PLAZA SOUTH FL 11,126,609 40,592,103 (66,541) 11,126,609 40,525,562 51,652,171 5,587,292 46,064,879 - 2016(A) OAKWOOD BUSINESS CTR-BLDG 1 FL 6,792,500 18,662,565 3,041,822 6,792,500 21,704,387 28,496,887 7,048,519 21,448,368 - 2009(A) KIMCO AVENUES WALK, LLC FL 26,984,546 - (16,224,546) 10,760,000 - 10,760,000 - 10,760,000 - 2005(C) AVENUES WALK FL 8,169,933 20,173,468 (22,001,328) 1,724,923 4,617,150 6,342,073 695,547 5,646,526 - 2017(A) RIVERPLACE SHOPPING CTR. FL 7,503,282 31,011,027 1,749,978 7,200,050 33,064,237 40,264,287 10,699,610 29,564,677 - 2010(A) MERCHANTS WALK FL 2,580,816 10,366,090 7,229,782 2,580,816 17,595,872 20,176,688 9,916,015 10,260,673 - 2001(A) CENTER AT MISSOURI AVENUE FL 293,686 792,119 7,099,628 293,686 7,891,747 8,185,433 2,071,410 6,114,023 - 1968(C) TRI-CITY PLAZA FL 2,832,296 11,329,185 21,442,891 2,832,296 32,772,076 35,604,372 5,532,131 30,072,241 - 1992(A) FT LAUDERDALE #1, FL FL 1,002,733 2,602,415 15,896,939 1,774,443 17,727,644 19,502,087 10,597,404 8,904,683 - 1974(C) NASA PLAZA FL - 1,754,000 3,628,604 - 5,382,604 5,382,604 4,033,444 1,349,160 - 1968(C) GROVE GATE S.C. FL 365,893 1,049,172 792,700 365,893 1,841,872 2,207,765 1,612,685 595,080 - 1968(C) CHEVRON OUTPARCEL FL 530,570 1,253,410 - 530,570 1,253,410 1,783,980 399,973 1,384,007 - 2010(A) IVES DAIRY CROSSING FL 732,914 4,080,460 11,481,385 720,852 15,573,907 16,294,759 10,101,875 6,192,884 - 1985(A) MILLER ROAD S.C. FL 1,138,082 4,552,327 4,653,437 1,138,082 9,205,764 10,343,846 6,117,126 4,226,720 - 1986(A) KENDALE LAKES PLAZA FL 18,491,461 28,496,001 (1,055,271) 15,362,227 30,569,964 45,932,191 8,641,957 37,290,234 - 2009(A) MILLER WEST PLAZA FL 6,725,660 10,661,419 262,552 6,725,660 10,923,971 17,649,631 1,881,268 15,768,363 - 2015(A) CORSICA SQUARE S.C. FL 7,225,100 10,757,386 229,242 7,225,100 10,986,628 18,211,728 1,918,131 16,293,597 - 2015(A) FLAGLER PARK FL 26,162,980 80,737,041 5,890,698 26,725,480 86,065,239 112,790,719 26,385,431 86,405,288 - 2007(A) PARK HILL PLAZA FL 10,763,612 19,264,248 575,278 10,763,612 19,839,526 30,603,138 5,078,780 25,524,358 - 2011(A) WINN DIXIE-MIAMI FL 2,989,640 9,410,360 (49,372) 3,544,297 8,806,331 12,350,628 1,336,013 11,014,615 - 2013(A) MARATHON SHOPPING CENTER FL 2,412,929 8,069,450 1,668,751 1,514,731 10,636,399 12,151,130 2,077,857 10,073,273 - 2013(A) SODO S.C. FL - 68,139,271 8,716,773 142,195 76,713,849 76,856,044 23,323,001 53,533,043 - 2008(A) RENAISSANCE CENTER FL 9,104,379 36,540,873 16,566,544 9,122,758 53,089,038 62,211,796 22,188,576 40,023,220 - 1998(A) MILLENIA PLAZA PHASE II FL 7,711,000 20,702,992 3,978,678 7,698,200 24,694,470 32,392,670 9,237,336 23,155,334 - 2009(A) RIVERSIDE LANDINGS S.C. FL 3,512,202 14,439,668 261,172 3,512,202 14,700,840 18,213,042 2,466,991 15,746,051 - 2015(A) GRAND OAKS VILLAGE FL 7,409,319 19,653,869 (524,484) 5,846,339 20,692,365 26,538,704 4,787,099 21,751,605 - 2011(A) PLANTATION CROSSING FL 2,782,030 8,077,260 3,880,495 2,782,030 11,957,755 14,739,785 1,169,770 13,570,015 - 2017(A) POMPANO POINTE S.C. FL 10,516,500 14,355,836 530,900 10,516,500 14,886,736 25,403,236 1,555,793 23,847,443 - 2012(A) UNIVERSITY TOWN CENTER FL 5,515,265 13,041,400 536,347 5,515,265 13,577,747 19,093,012 3,651,349 15,441,663 - 2011(A) OAK TREE PLAZA FL - 917,360 2,363,288 - 3,280,648 3,280,648 2,466,662 813,986 - 1968(C) TUTTLEBEE PLAZA FL 254,961 828,465 1,894,395 254,961 2,722,860 2,977,821 2,005,443 972,378 - 2008(A) SOUTH MIAMI S.C. FL 1,280,440 5,133,825 3,700,918 1,280,440 8,834,743 10,115,183 5,024,803 5,090,380 - 1995(A) CARROLLWOOD COMMONS FL 5,220,445 16,884,228 3,582,050 5,220,445 20,466,278 25,686,723 10,679,896 15,006,827 - 1997(A) VILLAGE COMMONS SHOPPING CENTER FL 2,192,331 8,774,158 5,402,331 2,192,331 14,176,489 16,368,820 6,664,538 9,704,282 - 1998(A) MISSION BELL SHOPPING CENTER FL 5,056,426 11,843,119 8,691,774 5,067,033 20,524,286 25,591,319 7,720,542 17,870,777 - 2004(A) VILLAGE COMMONS S.C. FL 2,026,423 5,106,476 2,055,527 2,026,423 7,162,003 9,188,426 1,761,345 7,427,081 - 2013(A) BELMART PLAZA FL 1,656,097 3,394,420 5,696,706 1,656,097 9,091,126 10,747,223 1,182,873 9,564,350 - 2014(A) MARKET AT HAYNES BRIDGE GA 4,880,659 21,549,424 1,217,935 4,889,863 22,758,155 27,648,018 8,152,912 19,495,106 - 2008(A) EMBRY VILLAGE GA 18,147,054 33,009,514 2,530,958 18,160,525 35,527,001 53,687,526 23,478,491 30,209,035 - 2008(A) PERIMETER EXPO PROPERTY GA 14,770,275 44,295,457 2,531,961 16,142,152 45,455,541 61,597,693 5,833,798 55,763,895 - 2016(A) RIVERWALK MARKETPLACE GA 3,512,202 18,862,571 50,327 3,512,202 18,912,898 22,425,100 2,404,623 20,020,477 - 2015(A) LAWRENCEVILLE MARKET GA 8,878,266 29,691,191 351,863 9,060,436 29,860,884 38,921,320 6,907,281 32,014,039 - 2013(A) BRAELINN VILLAGE GA 7,314,719 20,738,792 (903,523) 3,731,347 23,418,641 27,149,988 3,931,754 23,218,234 - 2014(A) SAVANNAH CENTER GA 2,052,270 8,232,978 4,972,212 2,052,270 13,205,190 15,257,460 7,627,683 7,629,777 - 1993(A) CHATHAM PLAZA GA 13,390,238 35,115,882 1,469,797 13,403,262 36,572,655 49,975,917 13,919,506 36,056,411 - 2008(A) CLIVE PLAZA IA 500,525 2,002,101 - 500,525 2,002,101 2,502,626 1,227,784 1,274,842 - 1996(A) PLAZA DEL PRADO IL 10,203,960 28,409,786 1,856,215 10,203,960 30,266,001 40,469,961 4,466,628 36,003,333 - 2017(A) SKOKIE POINTE IL - 2,276,360 9,564,305 2,628,440 9,212,225 11,840,665 4,416,043 7,424,622 - 1997(A) HAWTHORN HILLS SQUARE IL 6,783,928 33,033,624 3,243,517 6,783,928 36,277,141 43,061,069 9,571,068 33,490,001 - 2012(A) LINWOOD SQUARE IN 3,411,037 8,686,773 43,397 3,411,037 8,730,170 12,141,207 45,531 12,095,676 5,366,055 2019(A) GREENWOOD S.C. IN 423,371 1,883,421 20,567,821 1,640,748 21,233,865 22,874,613 3,727,289 19,147,324 - 1970(C) ABINGTON PLAZA MA 10,457,183 494,652 - 10,457,183 494,652 10,951,835 190,036 10,761,799 3,845,668 2014(A) WASHINGTON ST.PLAZA MA 11,007,593 5,652,368 9,648,118 12,957,593 13,350,486 26,308,079 2,690,296 23,617,783 5,352,958 2014(A) MEMORIAL PLAZA MA 16,411,388 27,553,908 966,332 16,411,388 28,520,240 44,931,628 4,481,485 40,450,143 14,761,027 2014(A) MAIN ST. PLAZA MA 555,898 2,139,494 - 555,898 2,139,494 2,695,392 457,676 2,237,716 1,216,922 2014(A) MORRISSEY PLAZA MA 4,097,251 3,751,068 (856,076) 4,097,251 2,894,992 6,992,243 326,811 6,665,432 2,788,169 2014(A) GLENDALE SQUARE MA 4,698,891 7,141,090 276,270 4,698,891 7,417,360 12,116,251 1,533,969 10,582,282 5,111,077 2014(A) FALMOUTH PLAZA MA 2,361,071 13,065,817 1,303,452 2,361,071 14,369,269 16,730,340 2,534,330 14,196,010 7,192,333 2014(A) WAVERLY PLAZA MA 1,215,005 3,622,911 312,795 1,203,205 3,947,506 5,150,711 841,633 4,309,078 2,051,134 2014(A) FESTIVAL OF HYANNIS S.C. MA 15,038,197 40,682,853 2,115,022 15,038,197 42,797,875 57,836,072 9,012,213 48,823,859 - 2014(A) FELLSWAY PLAZA MA 5,300,388 11,013,543 764,656 5,300,388 11,778,199 17,078,587 1,745,026 15,333,561 6,102,064 2014(A) NORTH QUINCY PLAZA MA 6,332,542 17,954,110 (601,375) 3,894,436 19,790,841 23,685,277 3,222,927 20,462,350 - 2014(A) ADAMS PLAZA MA 2,089,363 3,226,648 20,048 2,089,363 3,246,696 5,336,059 623,192 4,712,867 1,693,163 2014(A) BROADWAY PLAZA MA 6,485,065 343,422 - 6,485,065 343,422 6,828,487 143,268 6,685,219 2,598,411 2014(A) VINNIN SQUARE PLAZA MA 5,545,425 16,324,060 30,357 5,545,425 16,354,417 21,899,842 3,856,485 18,043,357 8,118,542 2014(A) PARADISE PLAZA MA 4,183,038 12,194,885 1,637,923 4,183,038 13,832,808 18,015,846 2,974,790 15,041,056 7,845,921 2014(A) BELMONT PLAZA MA 11,104,983 848,844 - 11,104,983 848,844 11,953,827 238,518 11,715,309 4,635,484 2014(A) VINNIN SQUARE IN-LINE MA 582,228 2,094,560 (38,716) 582,228 2,055,844 2,638,072 325,114 2,312,958 - 2014(A) LINDEN PLAZA MA 4,628,215 3,535,431 578,353 4,628,215 4,113,784 8,741,999 1,173,955 7,568,044 3,192,283 2014(A) NORTH AVE. PLAZA MA 1,163,875 1,194,673 23,933 1,163,875 1,218,606 2,382,481 318,197 2,064,284 812,286 2014(A) WASHINGTON ST. S.C. MA 7,380,918 9,987,119 2,057,448 7,380,918 12,044,567 19,425,485 1,985,891 17,439,594 5,563,436 2014(A) MILL ST. PLAZA MA 4,195,024 6,203,410 554,628 4,195,024 6,758,038 10,953,062 1,362,547 9,590,515 3,637,862 2014(A) FULLERTON PLAZA MD 14,237,901 6,743,980 8,192,823 14,237,901 14,936,803 29,174,704 1,864,141 27,310,563 - 2014(A) GREENBRIER S.C. MD 8,891,468 30,304,760 329,475 8,891,468 30,634,235 39,525,703 5,077,149 34,448,554 - 2014(A) INGLESIDE S.C. MD 10,416,726 17,889,235 302,317 10,416,726 18,191,552 28,608,278 3,610,361 24,997,917 - 2014(A) WILKENS BELTWAY PLAZA MD 9,948,235 22,125,942 1,495,965 9,948,235 23,621,907 33,570,142 3,820,091 29,750,051 - 2014(A) YORK ROAD PLAZA MD 4,276,715 37,205,757 191,525 4,276,715 37,397,282 41,673,997 5,805,450 35,868,547 - 2014(A) PUTTY HILL PLAZA MD 4,192,152 11,112,111 542,155 4,192,152 11,654,266 15,846,418 3,301,528 12,544,890 - 2013(A) SNOWDEN SQUARE S.C. MD 1,929,402 4,557,934 5,155,349 3,326,422 8,316,263 11,642,685 2,083,927 9,558,758 - 2012(A) COLUMBIA CROSSING MD 3,612,550 34,344,509 1,244,651 3,612,550 35,589,160 39,201,710 5,131,563 34,070,147 - 2015(A) DORSEY'S SEARCH VILLAGE CENTER MD 6,321,963 27,996,087 286,078 6,321,963 28,282,165 34,604,128 3,959,963 30,644,165 - 2015(A) HICKORY RIDGE MD 7,183,646 26,947,776 653,628 7,183,646 27,601,404 34,785,050 4,092,540 30,692,510 - 2015(A) HICKORY RIDGE (SUNOCO) MD 543,197 2,122,234 - 543,197 2,122,234 2,665,431 413,179 2,252,252 - 2015(A) KINGS CONTRIVANCE MD 9,308,349 31,759,940 956,829 9,308,349 32,716,769 42,025,118 5,801,943 36,223,175 - 2014(A) HARPER'S CHOICE MD 8,429,284 18,373,994 888,226 8,429,284 19,262,220 27,691,504 3,232,809 24,458,695 - 2015(A) WILDE LAKE MD 1,468,038 5,869,862 26,110,759 2,577,073 30,871,586 33,448,659 10,439,013 23,009,646 - 2002(A) RIVERHILL VILLAGE CENTER MD 16,825,496 23,282,222 249,700 16,825,496 23,531,922 40,357,418 5,095,140 35,262,278 - 2014(A) COLUMBIA CROSSING OUTPARCELS MD 1,279,200 2,870,800 20,602,841 6,147,248 18,605,593 24,752,841 3,793,940 20,958,901 - 2011(A) COLUMBIA CROSSING II SHOP.CTR. MD 3,137,628 19,868,075 4,393,578 3,137,628 24,261,653 27,399,281 3,581,753 23,817,528 - 2013(A) SHOPS AT DISTRICT HEIGHTS MD 8,165,638 21,970,661 (1,330,335) 7,298,215 21,507,749 28,805,964 2,658,063 26,147,901 12,771,539 2015(A) ENCHANTED FOREST S.C. MD 20,123,946 34,345,102 902,976 20,123,946 35,248,078 55,372,024 6,614,004 48,758,020 - 2014(A) SHOPPES AT EASTON MD 6,523,713 16,402,204 (2,463,057) 6,523,713 13,939,147 20,462,860 2,899,366 17,563,494 - 2014(A) VILLAGES AT URBANA MD 3,190,074 6,067 19,360,692 4,828,774 17,728,059 22,556,833 2,517,436 20,039,397 - 2003(A) GAITHERSBURG S.C. MD 244,890 6,787,534 1,682,724 244,890 8,470,258 8,715,148 4,082,460 4,632,688 - 1999(A) KENTLANDS MARKET SQUARE MD 20,167,048 84,615,052 14,891,942 20,167,048 99,506,994 119,674,042 9,413,156 110,260,886 31,311,666 2016(A) SHAWAN PLAZA MD 4,466,000 20,222,367 30,616 4,466,000 20,252,983 24,718,983 12,381,043 12,337,940 - 2008(A) LAUREL PLAZA MD 349,562 1,398,250 5,257,691 1,571,288 5,434,215 7,005,503 2,351,484 4,654,019 - 1995(A) LAUREL PLAZA MD 274,580 1,100,968 173,969 274,580 1,274,937 1,549,517 1,207,785 341,732 - 1972(C) MILL STATION THEATER/RSTRNTS MD 23,378,543 1,089,760 (3,672,367) 14,737,597 6,058,339 20,795,936 601,666 20,194,270 - 2016(C) MILL STATION DEVELOPMENT MD 21,320,924 - 61,182,938 16,075,820 66,428,042 82,503,862 - 82,503,862 - 2015(C) CENTRE COURT-RETAIL/BANK MD 1,035,359 7,785,830 139,567 1,035,359 7,925,397 8,960,756 1,601,160 7,359,596 1,259,796 2011(A) CENTRE COURT-GIANT MD 3,854,099 12,769,628 95,541 3,854,099 12,865,169 16,719,268 3,103,844 13,615,424 4,987,211 2011(A) CENTRE COURT-OLD COURT/COURTYD MD 2,279,177 5,284,577 34,036 2,279,177 5,318,613 7,597,790 1,215,445 6,382,345 - 2011(A) RADCLIFFE CENTER MD 12,042,713 21,187,946 26,723 12,042,713 21,214,669 33,257,382 4,040,116 29,217,266 - 2014(A) TIMONIUM CROSSING MD 2,525,377 14,862,817 467,571 2,525,377 15,330,388 17,855,765 2,640,116 15,215,649 - 2014(A) TIMONIUM SQUARE MD 6,000,000 24,282,998 14,192,960 7,331,195 37,144,763 44,475,958 17,499,083 26,976,875 - 2003(A) TOWSON PLACE MD 43,886,876 101,764,931 4,058,439 43,270,792 106,439,454 149,710,246 24,823,118 124,887,128 - 2012(A) CENTURY PLAZA MI 178,785 925,818 731,597 95,905 1,740,295 1,836,200 832,327 1,003,873 - 1968(C) THE FOUNTAINS AT ARBOR LAKES MN 28,585,296 66,699,024 14,197,546 29,485,296 79,996,570 109,481,866 32,150,146 77,331,720 - 2006(A) CENTER POINT S.C. MO - 550,204 - - 550,204 550,204 550,203 1 - 1998(A) WOODLAWN MARKETPLACE NC 919,251 3,570,981 2,740,450 919,251 6,311,431 7,230,682 4,056,057 3,174,625 - 2008(A) TYVOLA SQUARE NC - 4,736,345 8,378,073 - 13,114,418 13,114,418 9,792,167 3,322,251 - 1986(A) CROSSROADS PLAZA NC 767,864 3,098,881 1,233,350 767,864 4,332,231 5,100,095 2,084,338 3,015,757 - 2000(A) JETTON VILLAGE SHOPPES NC 3,875,224 10,292,231 493,876 2,143,695 12,517,636 14,661,331 2,816,709 11,844,622 - 2011(A) MOUNTAIN ISLAND MARKETPLACE NC 3,318,587 7,331,413 702,336 3,818,587 7,533,749 11,352,336 1,700,111 9,652,225 - 2012(A) WOODLAWN SHOPPING CENTER NC 2,010,725 5,833,626 2,093,863 2,010,725 7,927,489 9,938,214 1,746,407 8,191,807 - 2012(A) CROSSROADS PLAZA NC 13,405,529 86,455,763 (822,704) 13,405,529 85,633,059 99,038,588 17,053,576 81,985,012 - 2014(A) QUAIL CORNERS NC 7,318,321 26,675,644 1,932,338 7,318,321 28,607,982 35,926,303 4,694,476 31,231,827 15,220,049 2014(A) DAVIDSON COMMONS NC 2,978,533 12,859,867 558,592 2,978,533 13,418,459 16,396,992 2,870,768 13,526,224 - 2012(A) PARK PLACE SC NC 5,461,478 16,163,494 4,175,099 5,469,809 20,330,262 25,800,071 7,536,466 18,263,605 - 2008(A) MOORESVILLE CROSSING NC 12,013,727 30,604,173 531,732 11,625,801 31,523,831 43,149,632 12,597,563 30,552,069 - 2007(A) PLEASANT VALLEY PROMENADE NC 5,208,885 20,885,792 22,010,083 5,208,885 42,895,875 48,104,760 21,500,267 26,604,493 - 1993(A) BRENNAN STATION NC 7,749,751 20,556,891 (327,874) 6,321,923 21,656,845 27,978,768 6,222,776 21,755,992 - 2011(A) BRENNAN STATION OUTPARCEL NC 627,906 1,665,576 (186,984) 450,232 1,656,266 2,106,498 374,808 1,731,690 - 2011(A) CLOVERDALE PLAZA NC 540,667 719,655 7,554,126 540,667 8,273,781 8,814,448 3,997,454 4,816,994 - 1969(C) WEBSTER SQUARE NH 11,683,145 41,708,383 7,437,545 11,683,145 49,145,928 60,829,073 9,061,478 51,767,595 - 2014(A) WEBSTER SQUARE - DSW NH 1,346,391 3,638,397 131,388 1,346,391 3,769,785 5,116,176 447,893 4,668,283 - 2017(A) WEBSTER SQUARE NORTH NH 2,163,138 6,511,424 131,176 2,163,138 6,642,600 8,805,738 1,234,333 7,571,405 - 2016(A) ROCKINGHAM PLAZA NH 2,660,915 10,643,660 23,910,947 3,148,715 34,066,807 37,215,522 13,671,663 23,543,859 - 2008(A) SHOP RITE PLAZA NJ 2,417,583 6,364,094 1,595,616 2,417,583 7,959,710 10,377,293 7,402,608 2,974,685 - 1985(C) MARLTON PLAZA NJ - 4,318,534 153,375 - 4,471,909 4,471,909 2,610,173 1,861,736 - 1996(A) HILLVIEW SHOPPING CENTER NJ 16,007,647 32,607,423 (330,854) 16,007,647 32,276,569 48,284,216 5,693,981 42,590,235 - 2014(A) GARDEN STATE PAVILIONS NJ 7,530,709 10,801,949 20,841,974 12,203,841 26,970,791 39,174,632 8,213,444 30,961,188 - 2011(A) CLARK SHOPRITE 70 CENTRAL AVE NJ 3,496,673 11,693,769 994,829 13,959,593 2,225,678 16,185,271 1,004,269 15,181,002 - 2013(A) COMMERCE CENTER WEST NJ 385,760 1,290,080 160,534 793,595 1,042,779 1,836,374 272,544 1,563,830 - 2013(A) COMMERCE CENTER EAST NJ 1,518,930 5,079,690 1,753,865 7,235,196 1,117,289 8,352,485 526,620 7,825,865 - 2013(A) CENTRAL PLAZA NJ 3,170,465 10,602,845 34,941 5,145,167 8,663,084 13,808,251 2,647,579 11,160,672 - 2013(A) EAST WINDSOR VILLAGE NJ 9,335,011 23,777,978 249,699 9,335,011 24,027,677 33,362,688 7,442,802 25,919,886 - 2008(A) HOLMDEL TOWNE CENTER NJ 10,824,624 43,301,494 10,776,136 10,824,624 54,077,630 64,902,254 23,625,835 41,276,419 - 2002(A) COMMONS AT HOLMDEL NJ 16,537,556 38,759,952 4,219,623 16,537,556 42,979,575 59,517,131 18,321,594 41,195,537 - 2004(A) PLAZA AT HILLSDALE NJ 7,601,596 6,994,196 1,564,519 7,601,596 8,558,715 16,160,311 1,728,385 14,431,926 5,449,532 2014(A) MAPLE SHADE NJ - 9,957,611 2,247,570 - 12,205,181 12,205,181 3,154,532 9,050,649 - 2009(A) PLAZA AT SHORT HILLS NJ 20,155,471 11,061,984 741,742 20,155,471 11,803,726 31,959,197 2,720,127 29,239,070 8,603,595 2014(A) NORTH BRUNSWICK PLAZA NJ 3,204,978 12,819,912 27,583,563 3,204,978 40,403,475 43,608,453 21,614,149 21,994,304 - 1994(A) PISCATAWAY TOWN CENTER NJ 3,851,839 15,410,851 1,739,905 3,851,839 17,150,756 21,002,595 9,432,153 11,570,442 - 1998(A) RIDGEWOOD S.C. NJ 450,000 2,106,566 1,241,414 450,000 3,347,980 3,797,980 1,926,707 1,871,273 - 1993(A) UNION CRESCENT III NJ 7,895,483 3,010,640 28,965,399 8,696,579 31,174,943 39,871,522 17,736,590 22,134,932 - 2007(A) WESTMONT PLAZA NJ 601,655 2,404,604 13,669,028 601,655 16,073,632 16,675,287 7,625,888 9,049,399 - 1994(A) WILLOWBROOK PLAZA NJ 15,320,436 40,996,874 10,547,715 15,320,436 51,544,589 66,865,025 8,361,323 58,503,702 - 2009(A) DEL MONTE PLAZA NV 2,489,429 5,590,415 535,415 2,210,000 6,405,259 8,615,259 3,613,396 5,001,863 1,657,182 2006(A) DEL MONTE PLAZA ANCHOR PARCEL NV 6,512,745 17,599,602 135,899 6,520,017 17,728,229 24,248,246 1,542,524 22,705,722 - 2017(A) REDFIELD PROMENADE NV 4,415,339 32,035,192 724,982 4,415,339 32,760,174 37,175,513 7,946,397 29,229,116 - 2015(A) MCQUEEN CROSSINGS NV 5,017,431 20,779,024 326,357 5,017,431 21,105,381 26,122,812 5,030,679 21,092,133 - 2015(A) GALENA JUNCTION NV 8,931,027 17,503,387 223,293 8,931,027 17,726,680 26,657,707 3,682,910 22,974,797 - 2015(A) D'ANDREA MARKETPLACE NV 11,556,067 29,435,364 564,122 11,556,067 29,999,486 41,555,553 9,693,650 31,861,903 - 2007(A) SPARKS MERCANTILE NV 6,221,614 17,069,172 137,785 6,221,614 17,206,957 23,428,571 3,508,976 19,919,595 - 2015(A) BRIDGEHAMPTON COMMONS-W&E SIDE NY 1,811,752 3,107,232 34,209,472 1,858,188 37,270,268 39,128,456 22,584,128 16,544,328 - 1972(C) OCEAN PLAZA NY 564,097 2,268,768 19,003 564,097 2,287,771 2,851,868 978,043 1,873,825 - 2003(A) KINGS HIGHWAY NY 2,743,820 6,811,268 2,235,709 2,743,820 9,046,977 11,790,797 3,875,659 7,915,138 - 2004(A) RALPH AVENUE PLAZA NY 4,414,466 11,339,857 3,912,149 4,414,467 15,252,005 19,666,472 5,848,083 13,818,389 - 2004(A) BELLMORE S.C. NY 1,272,269 3,183,547 1,590,605 1,272,269 4,774,152 6,046,421 2,106,726 3,939,695 - 2004(A) MARKET AT BAY SHORE NY 12,359,621 30,707,802 6,324,935 12,359,621 37,032,737 49,392,358 14,679,424 34,712,934 11,947,237 2006(A) KEY FOOD - ATLANTIC AVE NY 2,272,500 5,624,589 509,260 4,808,822 3,597,527 8,406,349 825,449 7,580,900 - 2012(A) VETERANS MEMORIAL PLAZA NY 5,968,082 23,243,404 19,513,618 5,980,130 42,744,974 48,725,104 16,101,074 32,624,030 - 1998(A) BIRCHWOOD PLAZA COMMACK NY 3,630,000 4,774,791 1,240,489 3,630,000 6,015,280 9,645,280 2,147,985 7,497,295 - 2007(A) ELMONT S.C. NY 3,011,658 7,606,066 6,171,045 3,011,658 13,777,111 16,788,769 4,209,847 12,578,922 - 2004(A) ELMSFORD CENTER 1 NY 4,134,273 1,193,084 - 4,134,273 1,193,084 5,327,357 224,999 5,102,358 - 2013(A) ELMSFORD CENTER 2 NY 4,076,403 15,598,504 1,118,941 4,245,442 16,548,406 20,793,848 3,619,110 17,174,738 - 2013(A) FRANKLIN SQUARE S.C. NY 1,078,541 2,516,581 4,164,568 1,078,541 6,681,149 7,759,690 2,951,140 4,808,550 - 2004(A) AIRPORT PLAZA NY 22,711,189 107,011,500 3,428,747 22,711,189 110,440,247 133,151,436 19,869,415 113,282,021 - 2015(A) KISSENA BOULEVARD SHOPPING CTR NY 11,610,000 2,933,487 1,333,988 11,610,000 4,267,475 15,877,475 1,172,285 14,705,190 - 2007(A) HAMPTON BAYS PLAZA NY 1,495,105 5,979,320 3,369,604 1,495,105 9,348,924 10,844,029 7,953,033 2,890,996 - 1989(A) HICKSVILLE PLAZA NY 3,542,739 8,266,375 2,505,434 3,542,739 10,771,809 14,314,548 4,005,114 10,309,434 - 2004(A) TURNPIKE PLAZA NY 2,471,832 5,839,416 809,085 2,471,832 6,648,501 9,120,333 2,001,327 7,119,006 - 2011(A) JERICHO COMMONS SOUTH NY 12,368,330 33,071,495 3,475,118 12,368,330 36,546,613 48,914,943 12,776,532 36,138,411 5,984,769 2007(A) 501 NORTH BROADWAY NY - 1,175,543 (59,268) - 1,116,275 1,116,275 443,930 672,345 - 2007(A) MILLERIDGE INN NY 7,500,330 481,316 (48,741) 7,500,000 432,905 7,932,905 40,404 7,892,501 - 2015(A) FAMILY DOLLAR UNION TURNPIKE NY 909,000 2,249,775 258,033 1,056,709 2,360,099 3,416,808 557,337 2,859,471 - 2012(A) LITTLE NECK PLAZA NY 3,277,254 13,161,218 5,986,742 3,277,253 19,147,961 22,425,214 8,211,840 14,213,374 - 2003(A) KEY FOOD - 21ST STREET NY 1,090,800 2,699,730 (159,449) 1,669,153 1,961,928 3,631,081 367,863 3,263,218 - 2012(A) MANHASSET CENTER NY 4,567,003 19,165,808 31,678,891 3,471,939 51,939,763 55,411,702 27,124,630 28,287,072 - 1999(A) MANHASSET CENTER(residential) NY 950,000 - - 950,000 - 950,000 - 950,000 - 2012(A) MASPETH QUEENS-DUANE READE NY 1,872,013 4,827,940 1,036,886 1,872,013 5,864,826 7,736,839 2,267,372 5,469,467 1,733,522 2004(A) NORTH MASSAPEQUA S.C. NY 1,880,816 4,388,549 (1,964,468) - 4,304,897 4,304,897 4,304,897 - - 2004(A) MINEOLA CROSSINGS NY 4,150,000 7,520,692 381,643 4,150,000 7,902,335 12,052,335 2,532,702 9,519,633 - 2007(A) SMITHTOWN PLAZA NY 3,528,000 7,364,098 553,338 3,528,000 7,917,436 11,445,436 3,300,345 8,145,091 - 2009(A) MANETTO HILL PLAZA NY 263,693 584,031 11,067,210 263,693 11,651,241 11,914,934 7,066,502 4,848,432 - 1969(C) SYOSSET S.C. NY 106,655 76,197 2,090,616 106,655 2,166,813 2,273,468 1,214,338 1,059,130 - 1990(C) RICHMOND S.C. NY 2,280,000 9,027,951 21,469,643 2,280,000 30,497,594 32,777,594 15,094,149 17,683,445 - 1989(A) GREENRIDGE PLAZA NY 2,940,000 11,811,964 7,448,048 3,148,424 19,051,588 22,200,012 9,066,807 13,133,205 - 1997(A) THE BOULEVARD NY 28,723,536 38,232,267 143,859,701 28,723,536 182,091,968 210,815,504 14,518,223 196,297,281 - 2006(A) FOREST AVENUE PLAZA NY 4,558,592 10,441,408 731,386 4,558,592 11,172,794 15,731,386 4,256,254 11,475,132 - 2005(A) INDEPENDENCE PLAZA NY 12,279,093 34,813,852 (458,904) 16,131,632 30,502,409 46,634,041 7,329,258 39,304,783 - 2014(A) KEY FOOD - CENTRAL AVE. NY 2,787,600 6,899,310 (394,910) 2,603,321 6,688,679 9,292,000 1,311,346 7,980,654 - 2012(A) WHITE PLAINS S.C. NY 1,777,775 4,453,894 2,611,810 1,777,775 7,065,704 8,843,479 2,719,153 6,124,326 - 2004(A) CHAMPION FOOD SUPERMARKET NY 757,500 1,874,813 (24,388) 2,241,118 366,807 2,607,925 188,665 2,419,260 - 2012(A) SHOPRITE S.C. NY 871,977 3,487,909 - 871,977 3,487,909 4,359,886 2,420,656 1,939,230 - 1998(A) ROMAINE PLAZA NY 782,459 1,825,737 588,133 782,459 2,413,870 3,196,329 870,113 2,326,216 - 2005(A) OREGON TRAIL CENTER OR 5,802,422 12,622,879 556,817 5,802,422 13,179,696 18,982,118 5,401,640 13,580,478 - 2009(A) JANTZEN BEACH CENTER OR 57,575,244 102,844,429 356,274 57,588,287 103,187,660 160,775,947 11,112,219 149,663,728 - 2017(A) SUBURBAN SQUARE PA 70,679,871 166,351,381 66,736,035 71,279,871 232,487,416 303,767,287 55,876,122 247,891,165 - 2007(A) CENTER SQUARE SHOPPING CENTER PA 731,888 2,927,551 1,232,400 691,297 4,200,542 4,891,839 2,897,007 1,994,832 - 1996(A) W |
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Table Text Block] | 2019 2018 2017 Balance, beginning of period $ 11,877,190,495 $ 12,653,444,998 $ 12,008,075,148 Additions during period: Acquisitions 43,970,631 3,420,020 438,125,265 Improvements 404,210,910 554,408,568 414,955,609 Transfers from unconsolidated joint ventures - - 329,194,717 Change in exchange rate - - 1,035,816 Deductions during period: Sales (190,859,948 ) (767,246,512 ) (315,954,464 ) Transfers to operating lease right-of-use assets, net (8,525,554 ) - - Transfers to unconsolidated joint ventures - (315,728,832 ) - Assets held for sale (116,747,783 ) (69,741,938 ) (56,187,719 ) Adjustment for fully depreciated assets (43,080,882 ) (72,992,791 ) (107,660,366 ) Adjustment of property carrying values (36,881,416 ) (108,373,018 ) (58,139,008 ) Balance, end of period $ 11,929,276,453 $ 11,877,190,495 $ 12,653,444,998 |
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Table Text Block] | 2019 2018 2017 Balance, beginning of period $ 2,385,287,743 $ 2,433,052,747 $ 2,278,291,645 Additions during period: Depreciation for year 260,533,557 293,667,298 368,919,387 Deductions during period: Sales (55,437,757 ) (239,277,690 ) (86,798,173 ) Transfers to operating lease liabilities (1,342,030 ) - - Transfers to unconsolidated joint ventures - (11,634,554 ) - Assets held for sale (32,642,081 ) (17,527,267 ) (19,699,746 ) Adjustment for fully depreciated assets/other (56,346,790 ) (72,992,791 ) (107,660,366 ) Balance, end of period $ 2,500,052,642 $ 2,385,287,743 $ 2,433,052,747 |
Schedule IV - Mortgage Loans _2
Schedule IV - Mortgage Loans on Real Estate (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Schedule of Participating Mortgage Loans [Table Text Block] | Description Interest Rate Final Maturity Date Periodic Payment Terms (a) Prior Liens Original Face Amount of Mortgages Carrying Amount of Mortgages (b) Principal Amount of Loans Subject to Delinquent Principal or Interest Mortgage Loans: Retail Las Vegas, NV 12.00% May-33 I - 3,075 3,075 - Walker, MI 4.00% Dec-24 P& I - 3,750 3,750 Nonretail Commack, NY 7.41% Oct-26 P& I - 1,354 301 Melbourne, FL 6.88% Dec-30 P&I 500 261 $ - $ 8,679 $ 7,387 $ - Other Financing Loans: Nonretail Charlie Browns License 2.28% Apr-27 P& I 600 291 RONA Capital Partners 6.20% May-20 P&I 175 150 $ - $ 9,454 $ 7,828 $ - |
Note 1 - Summary of Significa_2
Note 1 - Summary of Significant Accounting Policies (Details Textual) $ in Thousands | 12 Months Ended | ||||
Dec. 31, 2019USD ($)shares | Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | Jan. 01, 2019USD ($) | Jan. 01, 2018USD ($) | |
Real Estate Under Development Period After Completion Cessation of Cost Capitalization | 1 year | ||||
Financing Receivable Past Due Term | 90 years | ||||
Number of Portfolio Segments | 1 | ||||
Capitalized Computer Software, Net, Ending Balance | $ 14,500 | $ 4,300 | |||
Capitalized Computer Software, Amortization | 1,700 | 5,300 | $ 4,600 | ||
Contract with Customer, Liability, Total | 0 | ||||
Contract with Customer, Asset, after Allowance for Credit Loss, Total | 0 | ||||
Cumulative Effect of New Accounting Principle in Period of Adoption | (65,421) | ||||
Disposal Group, Deferred Gain on Disposal | 8,100 | ||||
Operating Lease, Right-of-Use Asset | 99,125 | 0 | |||
Operating Lease, Liability, Total | $ 92,711 | 0 | |||
Number of Equity Participation Plans | 2 | ||||
Revenue from Contract with Customer, Including Assessed Tax | $ 16,550 | 15,159 | 17,049 | ||
Operating Lease, Lease Income, Total | $ 1,142,334 | 1,149,603 | 1,183,785 | ||
Share-based Payment Arrangement, Option [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period | 10 years | ||||
Restricted Stock [Member] | Share-based Compensation Award, Vesting on Fourth or Fifth Anniversary [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 100.00% | ||||
Restricted Stock [Member] | Share-based Payment Arrangement, Tranche Two [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 4 years | ||||
Restricted Stock [Member] | Share-based Payment Arrangement, Tranche Three [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 5 years | ||||
Restricted Stock [Member] | Share-based Compensation Award, Vesting After the Fifth Anniversary [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting 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 | ||||
Investments in and Advances to Real Estate Joint Ventures [Member] | |||||
Disposal Group, Deferred Gain on Disposal | 6,900 | ||||
Other Liabilities [Member] | |||||
Disposal Group, Deferred Gain on Disposal | 1,200 | ||||
Retained Earnings [Member] | |||||
Cumulative Effect of New Accounting Principle in Period of Adoption | 0 | ||||
After Issuance [Member] | |||||
Redeemable Noncontrolling Units Redemption Period | 1 year | ||||
Accounting Standards Update 2017-05 [Member] | |||||
Cumulative Effect of New Accounting Principle in Period of Adoption | 8,098 | ||||
Accounting Standards Update 2017-05 [Member] | Retained Earnings [Member] | |||||
Cumulative Effect of New Accounting Principle in Period of Adoption | 8,098 | $ 8,100 | |||
Accounting Standards Update 2016-02 [Member] | |||||
Operating Lease, Right-of-Use Asset | $ 106,000 | ||||
Intangible Assets, Net (Excluding Goodwill), Total | 7,300 | ||||
Operating Lease, Liability, Total | $ 98,700 | ||||
Accounting Standards Update 2014-09 [Member] | Reimbursement Income [Member] | |||||
Revenue from Contract with Customer, Including Assessed Tax | (246,400) | (247,600) | |||
Operating Lease, Lease Income, Total | 246,400 | 247,600 | |||
Accounting Standards Update 2014-09 [Member] | Other Rental Property Income [Member] | |||||
Revenue from Contract with Customer, Including Assessed Tax | (20,900) | (23,600) | |||
Operating Lease, Lease Income, Total | $ 20,900 | $ 23,600 | |||
Minimum [Member] | Share-based Payment Arrangement, Option [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 | ||||
Maximum [Member] | Share-based Payment Arrangement, Option [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 | ||||
Building and Building Improvements [Member] | Minimum [Member] | |||||
Property, Plant and Equipment, Useful Life | 5 years | ||||
Building and Building Improvements [Member] | Maximum [Member] | |||||
Property, Plant and Equipment, Useful Life | 50 years |
Note 2 - Real Estate (Details T
Note 2 - Real Estate (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Off-market Lease, Unfavorable | $ 259,300 | $ 288,400 | |
In-place Leases, Tenant Relationships and Above-market Leases [Member] | |||
Finite-Lived Intangible Assets, Accumulated Amortization | 485,040 | 466,576 | |
Below Market Rents [Member] | |||
Finite-Lived Intangible Assets, Accumulated Amortization | 207,000 | 196,400 | |
Above and Below Market Leases [Member] | |||
Amortization of above and below Market Leases | 20,000 | 14,900 | $ 15,500 |
Leases in Place and Tenant Relationships [Member] | |||
Amortization of above and below Market Leases | $ 33,100 | $ 47,400 | $ 62,700 |
Note 2 - Real Estate - Componen
Note 2 - Real Estate - Components of Rental Property (Details) - USD ($) $ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 | |
Land | $ 2,788,155 | $ 2,822,691 | |
Buildings and improvements | 8,920,951 | 8,813,115 | |
Real estate | 11,709,106 | 11,635,806 | |
Accumulated depreciation and amortization (1) | [1] | (2,500,053) | (2,385,287) |
Real Estate Investment Property, Net, Total | 9,209,053 | 9,250,519 | |
Land [Member] | |||
Land | 2,759,232 | 2,783,959 | |
Undeveloped Land [Member] | |||
Land | 28,923 | 38,732 | |
Building [Member] | |||
Buildings and improvements | 5,661,306 | 5,697,269 | |
Building Improvements [Member] | |||
Buildings and improvements | 1,840,580 | 1,696,440 | |
Tenant Improvements [Member] | |||
Buildings and improvements | 771,498 | 730,623 | |
Fixtures And Leasehold Improvements [Member] | |||
Buildings and improvements | 31,563 | 42,635 | |
Above Market Leases [Member] | |||
Buildings and improvements | 128,854 | 133,913 | |
In-place Leases and Tenant Relationships [Member] | |||
Buildings and improvements | $ 487,150 | $ 512,235 | |
[1] | At December 31, 2018 and 2017, the Company had accumulated amortization relating to in-place leases, tenant relationships and above-market leases aggregating $466,576 and $459,211, respectively. |
Note 2 - Real Estate - Estimate
Note 2 - Real Estate - Estimated Net Amortization Income (Expense) (Details) $ in Millions | Dec. 31, 2019USD ($) |
Above-market and below-market leases amortization, net, 2020 | $ 12.7 |
Above-market and below-market leases amortization, net, 2021 | 12.5 |
Above-market and below-market leases amortization, net, 2022 | 12.8 |
Above-market and below-market leases amortization, net, 2023 | 11.8 |
Above-market and below-market leases amortization, net, 2024 | 11.4 |
In-place Lease and Tenant Relationships [Member] | |
In-place leases and tenant relationships amortization, 2020 | (30.8) |
In-place leases and tenant relationships amortization, 2021 | (23.4) |
In-place leases and tenant relationships amortization, 2022 | (18) |
In-place leases and tenant relationships amortization, 2023 | (13.7) |
In-place leases and tenant relationships amortization, 2024 | $ (10.3) |
Note 3 - Property Acquisition_3
Note 3 - Property Acquisitions, Developments and Other Investments (Details Textual) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2019USD ($) | Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | |
Proceeds from Delayed Tax Exempt Exchange | $ 36,100 | ||
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain | 0 | $ 0 | $ 71,160 |
Real Estate Revenue From Acquisitions During Period | $ 1,400 | $ 0 | $ 31,000 |
Land Parcels Adjacent to Shopping Center Located in Ardmore, PA and Elmont, NY [Member] | |||
Number of Land Parcels Acquired | 2 | ||
Payments to Acquire Real Estate, Total | $ 5,400 | ||
Linwood Square [Member] | |||
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage | 69.50% | ||
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain | $ 100 |
Note 3 - Property Acquisition_4
Note 3 - Property Acquisitions, Developments and Other Investments - Acquisition of Operating Properties (Details) ftĀ² in Thousands, $ in Thousands | 12 Months Ended | |
Dec. 31, 2019USD ($)ftĀ² | ||
Purchase Price Cash | $ 33,226 | [1] |
Purchase Price Total | $ 43,158 | |
Purchase Price GLA (Square Foot) (Square Foot) | ftĀ² | 290 | [2] |
Purchase Price Debt Acquired | $ 5,389 | |
Purchase Price Other | 4,543 | [3] |
Bell Camino Out-parcel [Member] | ||
Purchase Price Cash | 5,678 | [1] |
Purchase Price Total | $ 5,678 | |
Purchase Price GLA (Square Foot) (Square Foot) | ftĀ² | 45 | [2] |
Gateway at Donner Pass Out-parcel [Member] | ||
Purchase Price Cash | $ 13,527 | [1] |
Purchase Price Total | $ 13,527 | |
Purchase Price GLA (Square Foot) (Square Foot) | ftĀ² | 40 | [2] |
Rancho Penasquitos Out-parcel [Member] | ||
Purchase Price Cash | $ 12,064 | [1] |
Purchase Price Total | $ 12,064 | |
Purchase Price GLA (Square Foot) (Square Foot) | ftĀ² | 40 | [2] |
Linwood Square [Member] | ||
Purchase Price Cash | $ 1,957 | [1],[4] |
Purchase Price Total | $ 11,889 | [4] |
Purchase Price GLA (Square Foot) (Square Foot) | ftĀ² | 165 | [2],[4] |
Purchase Price Debt Acquired | $ 5,389 | [4] |
Purchase Price Other | $ 4,543 | [3],[4] |
[1] | The Company utilized an aggregate $36.1 million associated with Internal Revenue Code 26 U.S.C. Ā§1031 sales proceeds. | |
[2] | Gross leasable area ("GLA") | |
[3] | Includes the Company's previously held equity interest investment, net of noncontrolling interest of the remaining partners. | |
[4] | The Company acquired a partner's ownership interest in a property which was held in a joint venture in which the Company had a noncontrolling interest. The Company now has a 69.51% controlling interest in this property and has deemed this entity to be a VIE for which the Company is the primary beneficiary and consolidates the asset. The Company evaluated this transaction pursuant to the FASB's Consolidation guidance and, as a result, recognized a gain on change in control of interests of $0.1 million resulting from the fair value adjustment associated with the Company's previously held equity interest, which are included in the purchase price above in Other Consideration. |
Note 3 - Property Acquisition_5
Note 3 - Property Acquisitions, Developments and Other Investments - Purchase Price Allocation (Details) $ in Thousands | 12 Months Ended |
Dec. 31, 2019USD ($) | |
Allocation | $ 850 |
Allocation | (915) |
Allocation | 43,158 |
Tenant Improvements [Member] | |
Allocation | $ 2,234 |
Weighted-average amortization period (Year) | 16 years 10 months 24 days |
Leases, Acquired-in-Place [Member] | |
Allocation | $ 4,921 |
Weighted-average amortization period (Year) | 18 years 2 months 12 days |
Above Market Leases [Member] | |
Allocation | $ 203 |
Weighted-average amortization period (Year) | 9 years |
Below Market Leases [Member] | |
Allocation | $ (765) |
Weighted-average amortization period (Year) | 12 years |
Land [Member] | |
Allocation | $ 11,852 |
Building [Member] | |
Allocation | $ 21,075 |
Weighted-average amortization period (Year) | 50 years |
Building Improvements [Member] | |
Allocation | $ 3,703 |
Weighted-average amortization period (Year) | 45 years |
Note 4 - Real Estate Under De_3
Note 4 - Real Estate Under Development (Details Textual) | 12 Months Ended | ||
Dec. 31, 2019USD ($) | Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | |
Real Estate Under Development, Capitalized Costs of Interest, Real Estate Taxes, Insurance, Legal Costs and Payroll | $ 21,300,000 | $ 24,900,000 | |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Cost of Investment in Real Estate Sold | 190,859,948 | 767,246,512 | $ 315,954,464 |
Total Net Gain Loss on Sale of Operating Properties | 79,218,000 | 229,840,000 | $ 93,538,000 |
Real Estate Investment Property, Net, Total | 9,209,053,000 | 9,250,519,000 | |
Impairment of Real Estate | 48,700,000 | 79,200,000 | |
Real Estate Inventory, Capitalized Interest Costs Incurred | 9,400,000 | 13,900,000 | |
Real Estate Development Projects, Real Estate Taxes and Insurance Capitalized | 1,300,000 | 2,600,000 | |
Real Estate Development Projects, Payroll Costs Capitalized | 1,200,000 | $ 1,900,000 | |
Dania Pointe [Member] | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Cost of Investment in Real Estate Sold | 32,500,000 | ||
Total Net Gain Loss on Sale of Operating Properties | 4,300,000 | ||
Mill Station [Member] | |||
Real Estate Investment Property, Net, Total | 80,500,000 | ||
Real Estate Inventory, Capitalized Interest Costs, Ending Balance | 9,200,000 | ||
Promenade at Christiana [Member] | |||
Impairment of Real Estate | $ 11,500,000 | ||
Real Estate Under Development [Member] | |||
Number of Real Estate Properties | 2,018 |
Note 4 - Real Estate Under De_4
Note 4 - Real Estate Under Development - Costs Incurred for Real Estate Development (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | |
Property Under Development | [1] | $ 220,170 | $ 241,384 |
Dania Pointe [Member] | |||
Property Under Development | [2] | 220,170 | 152,111 |
Mill Station [Member] | |||
Property Under Development | [3] | 0 | 55,771 |
Promenade at Christiana [Member] | |||
Property Under Development | [4] | $ 0 | $ 33,502 |
[1] | Includes capitalized costs of interest, real estate taxes, insurance, legal costs and payroll of $21.3 million and $24.9 million, as of December 31, 2019 and 2018, respectively. | ||
[2] | During 2019, the Company sold a land parcel at this development project for a sales price of $32.5 million, which resulted in a gain of $4.3 million, which is included in Gain on sale of operating properties/change in control of interests on the Companyās Consolidated Statements of Income. | ||
[3] | During 2019, this development project, aggregating $80.5 million (including capitalized costs of $9.2 million), was placed in service and primarily reclassified to Land and Building and improvements on the Company's Consolidated Balance Sheets. | ||
[4] | During 2019, the Company reclassified this project to Land and Building and improvements on the Company's Consolidated Balance Sheets, as a result of the Company's intention to discontinue development of this project and to market it for sale as is. The as is value, estimated fair value, was below the carrying value and as such, the Company recorded an impairment charge of $11.5 million during the year ended December 31, 2019. |
Note 5 - Dispositions of Real_3
Note 5 - Dispositions of Real Estate and Assets Held-for-sale (Details Textual) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018USD ($) | Dec. 31, 2019USD ($) | Mar. 31, 2018USD ($) | |
Equity Method Investments | $ 570.9 | $ 578.1 | |
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | |||
Proceeds from Sale of Real Estate, Total | 9.7 | ||
Gains (Losses) on Sales of Investment Real Estate | $ 6.3 | ||
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | Consolidated Operating Properties [Member] | |||
Number of Properties Disposed of | 10 | ||
Investment in Unconsolidated Property, Unconsolidated 2017 [Member] | |||
Equity Method Investments | $ 62.4 | $ 62.4 | |
Equity Method Investment, Ownership Percentage | 54.80% | ||
Gain on Sale of Operating Properties/ Change in Controls of Interests [Member] | Accounting Standards Update 2017-05 [Member] | |||
Deconsolidation, Gain (Loss), Amount | $ 6.8 | ||
Non-recouse Mortgage Debt Related to Property Deconsolidated [Member] | |||
Debt Instrument, Increase (Decrease), Net, Total | 206 | ||
Sold Portion of Investment in Consolidated Operating Property [Member] | |||
Disposal Group, Including Discontinued Operation, Consideration | 320 | ||
Noncontrolling Interest, Decrease from Deconsolidation | $ 43.8 |
Note 5 - Dispositions of Real_4
Note 5 - Dispositions of Real Estate and Assets Held-for-sale - Disposition Activity (Details) - Disposition Activity Relating to Consolidated Operating Properties and Parcels [Member] $ in Millions | 12 Months Ended | |||
Dec. 31, 2019USD ($) | [1] | Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | |
Aggregate sales price/gross fair value | $ 344.7 | $ 1,164.3 | $ 352.2 | |
Gain on sale of operating properties/change in control of interests | $ 79.2 | $ 229.8 | $ 93.5 | |
Number of operating properties sold/deconsolidated | 20 | 54 | 25 | |
Number of out-parcels sold | 9 | 7 | 9 | |
[1] | Includes the land parcel sale at Dania Pointe, noted above in Footnote 4 of the Notes to Consolidated Financial Statements. |
Note 6 - Impairments (Details T
Note 6 - Impairments (Details Textual) - USD ($) $ in Thousands | 1 Months Ended | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Asset Impairment Charges, Total | $ 48,743 | $ 79,207 | $ 67,331 | |
Impairment of Real Estate | 48,700 | 79,200 | ||
Equity Method Investments [Member] | ||||
Impairment of Real Estate | $ 5,600 | $ 6,900 | 4,800 | |
Properties Marketed for Sale [Member] | ||||
Asset Impairment Charges, Total | $ 41,000 | |||
Impaired Due to Unfavorable Local Market Conditions [Member] | ||||
Asset Impairment Charges, Total | $ 16,200 |
Note 6 - Impairments - Asset Im
Note 6 - Impairments - Asset Impairment Charges (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | ||
Asset Impairment Charges, Total | $ 48,743 | $ 79,207 | $ 67,331 | |
Total net impairment charges* | [1] | 48,700 | 79,200 | 67,300 |
Properties Marketed for Sale [Member] | ||||
Asset Impairment Charges, Total | [2],[3] | 12,500 | 59,500 | 34,000 |
Disposed Operating Properties [Member] | ||||
Asset Impairment Charges, Total | [4] | 36,200 | 19,700 | 17,100 |
Properties Held and Used [Member] | ||||
Asset Impairment Charges, Total | [5] | $ 0 | $ 0 | $ 16,200 |
[1] | See Footnote 15 of the Notes to Consolidated Financial Statements for additional disclosure on fair value. | |||
[2] | During December 2018, the Company recognized an impairment charge of $41.0 million related to a development project located in Jacksonville, FL, for which the Company no longer intends to develop. The Company is marketing the property as is for sale. | |||
[3] | These impairment charges relate to adjustments to property carrying values for properties which the Company has marketed for sale as part of its active capital recycling program and as such has adjusted the anticipated hold periods for such properties. | |||
[4] | Amounts relate to dispositions/deeds in lieu/foreclosures during the respective years shown. | |||
[5] | During 2017, the Company recognized an impairment charge of $16.2 million related to a property for which the Company had re-evaluated its long-term plan for the property due to unfavorable local market conditions. |
Note 7 - Investment In and Ad_3
Note 7 - Investment In and Advances to Real Estate Joint Ventures (Details Textual) ftĀ² in Thousands, $ in Thousands, a in Millions | 12 Months Ended | ||||
Dec. 31, 2019USD ($)ftĀ² | Dec. 31, 2018USD ($)a | Dec. 31, 2017USD ($) | Mar. 31, 2018USD ($) | ||
Gross Leasable Area | ftĀ² | [1] | 290 | |||
Equity Method Investments | $ 578,100 | $ 570,900 | |||
Proceeds from Equity Method Investment, Distribution | 93,877 | 104,626 | $ 58,189 | ||
Business Combination, Consideration Transferred, Total | 43,158 | ||||
Other Liabilities, Total | 346,183 | $ 385,328 | |||
Accumulated Foreign Currency Adjustment Attributable to Noncontrolling Interest [Member] | CANADA | |||||
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax, Total | (4,800) | ||||
Prudential Investment Program [Member] | |||||
Tangible Asset Impairment Charges, Total | $ 29,900 | ||||
All Equity Method Investments [Member] | |||||
Number of Real Estate Properties | 98 | 109 | |||
Gross Leasable Area | 21,300 | 23.2 | |||
Kim Pru and Kim Pru II [Member] | |||||
Number of Joint Ventures | 4 | ||||
Number Of Accounts | 4 | ||||
Equity Method Investment, Ownership Percentage | [2],[3] | 15.00% | |||
Investment in Unconsolidated Property, Unconsolidated 2017 [Member] | |||||
Equity Method Investments | $ 62,400 | $ 62,400 | |||
Equity Method Investment, Ownership Percentage | 54.80% | ||||
Prudential Investment Program [Member] | |||||
Tangible Asset Impairment Charges, Total | $ 3,700 | ||||
Other Joint Venture Programs [Member] | |||||
Proceeds from Equity Method Investment, Distribution | $ 3,600 | ||||
Impairment of Long-Lived Assets to be Disposed of | 5,200 | $ 3,400 | |||
Other Liabilities, Total | $ 3,500 | $ 2,500 | |||
Real Estate Joint Ventures [Member] | Operating Properties [Member] | |||||
Number of Real Estate Properties, Interest Disposed of or Transferred | 9 | 11 | 13 | ||
Equity Method Investment, Sales Price | $ 247,400 | $ 213,500 | $ 180,800 | ||
Equity Method Investment, Realized Gain (Loss) on Disposal, Total | $ 14,400 | $ 18,500 | $ 7,500 | ||
Number of Real Estate Properties, Remaining Interest Acquired | 3 | ||||
Business Combination, Consideration Transferred, Total | $ 320,100 | ||||
KIR [Member] | |||||
Equity Method Investment, Ownership Percentage | 48.60% | ||||
[1] | Gross leasable area ("GLA") | ||||
[2] | Represents four separate joint ventures, with four separate accounts managed by Prudential Global Investment Management. One of these ventures disposed of all its properties during 2019. | ||||
[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. |
Note 7 - Investments In and Adv
Note 7 - Investments In and Advances to Real Estate Joint Ventures - Investment Details (Details) - USD ($) | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
The company's investment | $ 11,929,276,453 | $ 11,877,190,495 | $ 12,653,444,998 | $ 12,008,075,148 | |
Kim Pru and Kim Pru II [Member] | |||||
Average ownership interest | [1],[2] | 15.00% | |||
The company's investment | [1],[2] | $ 169,500,000 | 175,200,000 | ||
Kimco Income Fund [Member] | |||||
Average ownership interest | [2] | 48.60% | |||
The company's investment | [2] | $ 175,000,000 | 167,200,000 | ||
CPP [Member] | |||||
Average ownership interest | [2] | 55.00% | |||
The company's investment | [2] | $ 151,700,000 | 135,000,000 | ||
Other Joint Venture Programs [Member] | |||||
The company's investment | [3] | 81,900,000 | 93,500,000 | ||
All Equity Method Investments [Member] | |||||
The company's investment | [4] | $ 578,100,000 | $ 570,900,000 | ||
[1] | Represents four separate joint ventures, with four separate accounts managed by Prudential Global Investment Management. One of these ventures disposed of all its properties during 2019. | ||||
[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 March 2018, the Company sold a portion of its investment in an operating property to its partner and amended the partnership agreement to provide for joint control of the entity. As a result of the amendment, the Company no longer consolidates the entity. As of the date of deconsolidation, the Company had an investment in this unconsolidated property of $62.4 million. | ||||
[4] | Representing 98 property interests and 21.3 million square feet of GLA, as of December 31, 2019, and 109 property interests and 23.2 million square feet of GLA, as of December 31, 2018. |
Note 7 - Investments In and A_2
Note 7 - Investments In and Advances to Real Estate Joint Ventures - The Company's Share of Net Income/(Loss) (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | ||
Prudential Investment Program [Member] | ||||
Income of joint ventures, net | [1] | $ 10,400 | $ 15,200 | $ 13,000 |
KIR [Member] | ||||
Income of joint ventures, net | 50,300 | 38,700 | 36,700 | |
CPP [Member] | ||||
Income of joint ventures, net | 5,800 | 5,100 | 7,200 | |
Other Joint Venture Programs [Member] | ||||
Income of joint ventures, net | [2],[3],[4],[5] | 5,700 | 12,600 | 3,900 |
Joint Ventures [Member] | ||||
Income of joint ventures, net | $ 72,162 | $ 71,617 | $ 60,763 | |
[1] | During the year ended December 31, 2019, the Prudential Investment Program recognized an impairment charge on a property of $29.9 million, of which the Company's share was $3.7 million. | |||
[2] | During the year ended December 31, 2017, a joint venture recognized an impairment charge related to the pending sale of a property, of which the Company's share was $3.4 million. | |||
[3] | During the year ended December 31, 2017, the Company recognized a cumulative foreign currency translation loss of $4.8 million due to the substantial liquidation of the Company's investments in Canada during 2017. | |||
[4] | During the year ended December 31, 2018, a joint venture investment distributed cash proceeds resulting from the refinancing of an existing loan of which the Company's share was $3.6 million. This distribution was in excess of the Company's carrying basis in this joint venture investment and to that extent was recognized as income. | |||
[5] | During the year ended December 31, 2018, a joint venture recognized an impairment charge related to the pending foreclosure of a property, of which the Company's share was $5.2 million. |
Note 7 - Investments In and A_3
Note 7 - Investments In and Advances to Real Estate Joint Ventures - Joint Venture Investments Accounted for Under the Equity Method, Debt Details (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | ||
Mortgage and notes payable | $ 1,594.1 | $ 1,782.6 | |
Prudential Investment Program [Member] | |||
Mortgage and notes payable | $ 538.1 | $ 572.6 | |
Weighted average interest rate | 3.46% | 4.29% | |
Weighted average remaining term (Year) | [1] | 46 years 9 months 18 days | 49 years |
KIR [Member] | |||
Mortgage and notes payable | $ 556 | $ 651.4 | |
Weighted average interest rate | 4.39% | 4.43% | |
Weighted average remaining term (Year) | [1] | 28 months 12 days | 40 months 12 days |
CPP [Member] | |||
Mortgage and notes payable | $ 84.8 | $ 84.4 | |
Weighted average interest rate | 3.25% | 3.85% | |
Weighted average remaining term (Year) | [1] | 42 months | 54 months |
Other Joint Venture Programs [Member] | |||
Mortgage and notes payable | $ 415.2 | $ 474.2 | |
Weighted average interest rate | 3.87% | 4.26% | |
Weighted average remaining term (Year) | [1] | 80 months 27 days | 78 months 18 days |
[1] | Average remaining term includes extensions |
Note 7 - Investment and Advance
Note 7 - Investment and Advances in Real Estate Joint Ventures - Investment and Advances to Real Estate Joint Ventures - Balance Sheets (Details) - USD ($) $ in Millions | Dec. 31, 2019 | Dec. 31, 2018 |
KIR [Member] | ||
Assets | $ 872.3 | $ 947.2 |
Membersā capital | 300 | 275.7 |
Total Liabilities and Partners'/Members Capital | 872.3 | 947.2 |
Excluding KIR and Rio Can [Member] | ||
Assets | 2,737.2 | 2,853.9 |
Membersā capital | 1,621.9 | 1,663.6 |
Total Liabilities and Partners'/Members Capital | 2,737.2 | 2,853.9 |
Noncontrolling interests | 17.7 | 16.8 |
Real Estate [Member] | KIR [Member] | ||
Assets | 788.7 | 848.7 |
Real Estate [Member] | Excluding KIR and Rio Can [Member] | ||
Assets | 2,596.9 | 2,725.4 |
Other Assets [Member] | KIR [Member] | ||
Assets | 83.6 | 98.5 |
Other Assets [Member] | Excluding KIR and Rio Can [Member] | ||
Assets | 140.3 | 128.5 |
Notes Payable [Member] | KIR [Member] | ||
Liabilities | 0 | 73 |
Notes Payable [Member] | Excluding KIR and Rio Can [Member] | ||
Liabilities | 199.8 | 199.7 |
Mortgages Payable [Member] | KIR [Member] | ||
Liabilities | 556 | 578.5 |
Mortgages Payable [Member] | Excluding KIR and Rio Can [Member] | ||
Liabilities | 838.3 | 931.4 |
Other Liabilities [Member] | KIR [Member] | ||
Liabilities | 16.3 | 20 |
Other Liabilities [Member] | Excluding KIR and Rio Can [Member] | ||
Liabilities | $ 59.5 | $ 42.4 |
Note 7 - Investment and Advan_2
Note 7 - Investment and Advances in Real Estate Joint Ventures - Investment and Advances to Real Estate Joint Ventures - Income Statements (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
KIR [Member] | |||
Revenues | $ 193.6 | $ 197.2 | $ 198.9 |
Operating expenses | (51) | (53.3) | (55.5) |
Depreciation and amortization | (38) | (42.2) | (39.4) |
Gain on sale of operating properties | 32.2 | 13.5 | 9 |
Interest expense | (28.2) | (33.3) | (35.3) |
Other expense, net | (1.1) | (1.5) | (1.5) |
Net income | 107.5 | 80.4 | 76.2 |
Excluding KIR and Rio Can [Member] | |||
Revenues | 317.6 | 309.1 | 317.1 |
Operating expenses | (99.4) | (92.8) | (95.1) |
Depreciation and amortization | (76.9) | (80.3) | (76.8) |
Gain on sale of operating properties | 15 | 46.8 | 17 |
Interest expense | (47.1) | (46.8) | (46.6) |
Other expense, net | (14.2) | (2.9) | (1.5) |
Net income | 55.5 | 112.4 | 101.3 |
Impairment charges | $ (39.5) | $ (20.7) | $ (12.8) |
Note 8 - Other Real Estate In_3
Note 8 - Other Real Estate Investments (Details Textual) $ in Thousands | 12 Months Ended | |
Dec. 31, 2019USD ($) | Dec. 31, 2018USD ($) | |
Equity Method Investments | $ 578,100 | $ 570,900 |
Secured Debt, Total | 484,008 | 492,416 |
Preferred Equity Investments [Member] | ||
Equity Method Investments | $ 175,300 | $ 176,300 |
Number of Real Estate Properties | 240 | 285 |
Income (Loss) from Equity Method Investments, Total | $ 25,800 | |
Equity Method Investment, Realized Gain (Loss) on Disposal, Total | $ 7,300 | |
Preferred Equity Investments [Member] | Leased Properties [Member] | ||
Number of Real Estate Properties | 230 | 273 |
Preferred Equity Investment [Member] | ||
Income (Loss) from Equity Method Investments, Total | $ 28,800 | |
Equity Method Investment, Realized Gain (Loss) on Disposal, Total | $ 10,600 | |
Secured Debt, Total | $ 236,100 | |
Long-term Debt, Fair Value | $ 9,300 | |
Preferred Equity Investment [Member] | Minimum [Member] | ||
Debt Instrument, Term | 7 months | |
Debt Instrument, Interest Rate, Stated Percentage | 4.19% | |
Preferred Equity Investment [Member] | Maximum [Member] | ||
Debt Instrument, Term | 5 years | |
Debt Instrument, Interest Rate, Stated Percentage | 10.47% |
Note 8 - Other Real Estate In_4
Note 8 - Other Real Estate Investments - Preferred Equity Investments - Balance Sheet Disclosures (Details) - Preferred Equity Investments [Member] - USD ($) $ in Millions | Dec. 31, 2019 | Dec. 31, 2018 |
Real estate, net | $ 91.6 | $ 110.4 |
Other assets | 484.6 | 578.8 |
Total Assets | 576.2 | 689.2 |
Mortgages payable, net | 236.1 | 314 |
Other liabilities | 2.6 | 3 |
Partnersā/Membersā capital | 337.5 | 372.2 |
Total Liabilities and Partners'/Members Capital | $ 576.2 | $ 689.2 |
Note 8 - Other Real Estate In_5
Note 8 - Other Real Estate Investments - Preferred Equity Investments - Income Statement Disclosures (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2019 | Sep. 30, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Revenues | $ 296,130 | $ 282,871 | $ 284,873 | $ 295,010 | $ 284,201 | $ 283,080 | $ 293,403 | $ 304,078 | $ 1,158,884 | $ 1,164,762 | $ 1,200,834 |
Operating expenses | (760,515) | (812,196) | (863,355) | ||||||||
Depreciation and amortization | (277,879) | (310,380) | (360,811) | ||||||||
Interest expense | (177,395) | (183,339) | (191,956) | ||||||||
Other expense, net | 11,814 | 13,041 | 2,559 | ||||||||
Net income | 413,561 | 498,463 | 439,671 | ||||||||
Preferred Equity Investments [Member] | |||||||||||
Revenues | 66,600 | 77,000 | 75,400 | ||||||||
Operating expenses | (16,000) | (15,500) | (14,700) | ||||||||
Depreciation and amortization | (3,200) | (4,300) | (4,600) | ||||||||
Gain on sale of operating properties | 13,600 | 1,900 | 4,300 | ||||||||
Interest expense | (11,900) | (16,900) | (20,400) | ||||||||
Other expense, net | (7,900) | (8,200) | (5,900) | ||||||||
Net income | $ 41,200 | $ 34,000 | $ 34,100 |
Note 9 - Variable Interest En_3
Note 9 - Variable Interest Entities ("VIE") (Details Textual) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2019USD ($) | Dec. 31, 2018USD ($) | ||
Variable Interest Entity, Number of Entities | 23 | 24 | |
Assets, Total | [1] | $ 10,997,867 | $ 10,999,100 |
Liabilities, Total | [2] | $ 6,051,017 | $ 5,564,365 |
Consolidated Operating Properties [Member] | |||
Variable Interest Entity, Number of Entities | 22 | 23 | |
Consolidated Operating Properties [Member] | Variable Interest Entity, Primary Beneficiary [Member] | |||
Assets, Total | $ 900,000 | $ 1,100,000 | |
Liabilities, Total | 70,900 | $ 75,200 | |
Real Estate Under Development [Member] | |||
Variable Interest Entity, Number of Entities | 1 | ||
Variable Interest Entity, Financial or Other Support, Amount | 40,000 | ||
Real Estate Under Development [Member] | Variable Interest Entity, Primary Beneficiary [Member] | |||
Assets, Total | 346,900 | $ 275,600 | |
Liabilities, Total | $ 82,500 | $ 68,000 | |
[1] | Includes restricted assets of consolidated variable interest entities ("VIEs") at December 31, 2019 and December 31, 2018 of $245,489 and $239,012, respectively. See Footnote 9 of the Notes to Consolidated Financial Statements. | ||
[2] | Includes non-recourse liabilities of consolidated VIEs at December 31, 2019 and December 31, 2018 of $153,436 and $143,186, respectively. See Footnote 9 of the Notes to Consolidated Financial Statements. |
Note 9 - Variable Interest En_4
Note 9 - Variable Interest Entities ("VIE") - Summary of Restricted Assets and VIE Liabilities (Details) $ in Thousands | Dec. 31, 2019USD ($) | Dec. 31, 2018USD ($) |
Number of consolidated VIEs | 23 | 24 |
Real estate, net | $ 228,900 | $ 229,200 |
Cash and cash equivalents | 9,200 | 4,400 |
Accounts and notes receivable, net | 3,800 | 2,100 |
Other assets | 3,600 | 3,300 |
Total Restricted Assets | 245,489 | 239,012 |
VIE Liabilities: | ||
Mortgages and construction loan payable, net | 104,500 | 83,800 |
Other liabilities | 48,900 | 59,400 |
Total VIE Liabilities | $ 153,436 | $ 143,186 |
Variable Interest Entity, Unencumbered [Member] | ||
Number of consolidated VIEs | 19 | 20 |
Variable Interest Entity, Encumbered by Third Party Non-resource Mortgage Debt [Member] | ||
Number of consolidated VIEs | 4 | 4 |
Note 10 - Leases (Details Textu
Note 10 - Leases (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Jan. 01, 2019 | Dec. 31, 2018 | |
Operating Lease, Right-of-Use Asset | $ 99,125 | $ 0 | |
Operating Lease, Liability, Total | $ 92,711 | $ 0 | |
Operating Lease, Weighted Average Remaining Lease Term | 21 years 1 month 6 days | ||
Operating Lease, Weighted Average Discount Rate, Percent | 6.65% | ||
Minimum [Member] | |||
Lessee, Operating Lease, Remaining Term of Contract | 1 year | ||
Maximum [Member] | |||
Lessee, Operating Lease, Remaining Term of Contract | 52 years | ||
Lessee, Operating Lease, Renewal Term | 75 years | ||
Accounting Standards Update 2016-02 [Member] | |||
Operating Lease, Right-of-Use Asset | $ 106,000 | ||
Operating Lease, Liability, Total | $ 98,700 |
Note 10 - Leases - Leases Cost
Note 10 - Leases - Leases Cost (Details) $ in Thousands | 12 Months Ended |
Dec. 31, 2019USD ($) | |
Operating lease cost | $ 12,630 |
Variable lease cost | 2,038 |
Total lease cost | $ 14,668 |
Note 10 - Leases - Future Minim
Note 10 - Leases - Future Minimum Lease payments (Details) - USD ($) $ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 |
2020 | $ 10,715 | |
2021 | 10,499 | |
2022 | 9,906 | |
2023 | 9,918 | |
2024 | 9,016 | |
Thereafter | 128,589 | |
Total minimum lease payments | 178,643 | |
Less imputed interest | (85,932) | |
Total operating lease liabilities | $ 92,711 | $ 0 |
Note 10 - Leases - Minimum Leas
Note 10 - Leases - Minimum Lease Payments (Details) $ in Thousands | Dec. 31, 2018USD ($) |
2019 | $ 12,206 |
2020 | 9,901 |
2021 | 9,716 |
2022 | 9,236 |
2023 | 8,936 |
Thereafter | 115,788 |
Total minimum lease payments | $ 165,783 |
Note 11 - Other Assets (Details
Note 11 - Other Assets (Details Textual) - USD ($) $ in Millions | Dec. 31, 2019 | Dec. 31, 2018 |
Disposal Group, Held-for-sale, Not Discontinued Operations [Member] | ||
Real Estate Held-for-sale | $ 17.2 | |
Real Estate Owned, Accumulated Depreciation | $ 5.5 | |
Albertsons Companies, Inc [Member] | ||
Percentage of Ownership | 9.48% | |
Albertstons Companies, Inc. [Member] | Other Assets [Member] | ||
Other Investments, Total | $ 140.2 |
Note 11 - Other Assets - Mortga
Note 11 - Other Assets - Mortgage Loans and Other Financing Receivables (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Balance | $ 14,448 | $ 21,838 | $ 23,197 |
New mortgage loans | 3,750 | 14,825 | 0 |
Balance | 7,829 | 14,448 | 21,838 |
Existing Mortgage Loan [Member] | |||
Other additions | 48 | 0 | 0 |
Foreign Currency Translation [Member] | |||
Other additions | 0 | 116 | 385 |
Amortization of Loan Discounts [Member] | |||
Other additions | 33 | 125 | 112 |
Loan Repayments [Member] | |||
Collections of principal | (10,136) | (21,012) | 0 |
Charge Off/Foreign Currency Translation [Member] | |||
Other deductions | 0 | (155) | (449) |
Collections of Principal [Member] | |||
Collections of principal | (313) | (1,287) | (1,405) |
Amortization of Loan Costs [Member] | |||
Other deductions | $ (1) | $ (2) | $ (2) |
Note 12 - Notes Payable (Detail
Note 12 - Notes Payable (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Gain (Loss) on Extinguishment of Debt, Total | $ 0 | $ (12,762) | $ (1,753) |
Notes Payable, Total | 4,831,759 | 4,381,456 | |
Debt Issuance Costs, Net, Total | 1,500 | ||
Debt Covenants Dividend Payment Restriction Maximum Payment | 26,000 | ||
Long-term Line of Credit, Total | 200,000 | ||
Senior Unsecured Note [Member] | |||
Gain (Loss) on Extinguishment of Debt, Total | (12,800) | ||
Notes Payable, Total | $ 484,900 | ||
Unsecured Debt [Member] | |||
Debt Issuance Costs, Net, Total | $ 53,100 | ||
Revolving Credit Facility [Member] | |||
Debt Instrument, Interest Rate, Effective Percentage | 2.64% | 3.31% | |
Line of Credit Facility, Current Borrowing Capacity | $ 2,250,000 | ||
Line of Credit Facility Sub-limit | 500,000 | ||
Revolving Credit Facility [Member] | Credit Facility Accordion Feature [Member] | |||
Line of Credit Facility, Maximum Borrowing Capacity | $ 2,750,000 | ||
Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | |||
Debt Instrument, Basis Spread on Variable Rate | 0.875% | ||
Letter of Credit [Member] | |||
Long-term Line of Credit, Total | $ 300 |
Note 12 - Notes Payable - Notes
Note 12 - Notes Payable - Notes Payable (Details) - USD ($) $ in Millions | Dec. 31, 2019 | Dec. 31, 2018 | |
Balance, Net | $ 4,831.8 | $ 4,381.5 | |
Weighted Average [Member] | |||
Interest Rate | [1] | 3.46% | 3.48% |
Notes Payable [Member] | |||
Deferred financing costs, net | $ (53.1) | $ (53.4) | |
Unsecured Debt [Member] | |||
Total | 4,884.9 | ||
Unsecured Debt [Member] | Notes Payable [Member] | |||
Total | $ 4,684.9 | $ 4,334.9 | |
Unsecured Debt [Member] | Notes Payable [Member] | Minimum [Member] | |||
Interest Rate | 2.70% | 2.70% | |
Unsecured Debt [Member] | Notes Payable [Member] | Maximum [Member] | |||
Interest Rate | 4.45% | 6.88% | |
Line of Credit [Member] | Notes Payable [Member] | |||
Total | $ 200 | $ 100 | |
[1] | Weighted-average interest rate |
Note 12 - Notes Payable - Senio
Note 12 - Notes Payable - Senior Unsecured Notes Issuance (Details) - Senior Unsecured Notes 1 [Member] $ in Millions | Dec. 31, 2019USD ($) |
Amount Issued | $ 350 |
Interest Rate | 3.70% |
Note 12 - Notes Payable - Repai
Note 12 - Notes Payable - Repaid Notes (Details) $ in Millions | 12 Months Ended | |
Dec. 31, 2019USD ($) | ||
Senior Note 1 [Member] | ||
Amount Repaid | $ 300 | [1] |
Interest Rate | 6.875% | [1] |
Senior Note 2 [Member] | ||
Amount Repaid | $ 15.1 | [2] |
Interest Rate | 3.20% | [2] |
[1] | The Company recorded an early extinguishment of debt charge of $12.8 million resulting from the early repayment of these notes. | |
[2] | Represents partial repayments. As of December 31, 2018, these notes had an outstanding balance of $484.9 million. |
Note 12 - Notes Payable - Matur
Note 12 - Notes Payable - Maturities of All Unsecured Notes Payable (Details) - Unsecured Debt [Member] $ in Millions | Dec. 31, 2019USD ($) |
2020 | $ 0 |
2021 | 684.9 |
2022 | 500 |
2023 | 350 |
2024 | 400 |
Thereafter | 2,950 |
Total | $ 4,884.9 |
Note 13 - Mortgages and Const_3
Note 13 - Mortgages and Construction Loan Payable (Details Textual) $ in Millions | 1 Months Ended | 12 Months Ended | |
Aug. 31, 2018USD ($) | Dec. 31, 2019USD ($) | Dec. 31, 2018USD ($) | |
Long-term Debt, Total | $ 4,831.8 | $ 4,381.5 | |
Gain (Loss) on Forgiveness of Debt | 4.3 | ||
Accrued Interest Extinguished | 3.4 | ||
Debt Instrument, Unamortized Discount (Premium), Net, Total | 7.9 | ||
Debt Issuance Costs, Net, Total | $ 1.5 | ||
Construction Loans [Member] | |||
Debt Instrument, Commitment | $ 67 | ||
Debt Instrument, Interest Rate, Effective Percentage | 3.56% | ||
Long-term Debt, Total | $ 67 | ||
Construction Loans [Member] | London Interbank Offered Rate (LIBOR) [Member] | |||
Debt Instrument, Basis Spread on Variable Rate | 1.80% | ||
Mortgage Debt Encumbered Operating Property [Member] | |||
Repayments of Long-term Debt, Total | 6.6 | ||
Debt Instrument, Increase (Decrease), Net, Total | (7) | ||
Liabilities, Fair Value Adjustment | (0.1) | ||
Debt Instrument, Decrease, Forgiveness | 2.8 | ||
Mortgages [Member] | |||
Long-term Debt, Total | 484 | 492.4 | |
Deconsolidation of Mortgage Loans | 206 | ||
Long-term Debt, Fair Value | 7.9 | 13.1 | |
Real Estate Disposed of Through Foreclosure | 12.4 | ||
Debt Issuance Costs, Net, Total | $ 1.5 | 2.5 | |
Mortgages [Member] | Encumbered Operating Properties [Member] | |||
Repayments of Long-term Debt, Total | 205.6 | ||
Long-term Debt, Fair Value | $ 0.9 | ||
Number of Real Estate Properties | 6 |
Note 13 - Mortgages and Const_4
Note 13 - Mortgages and Construction Loan Payable - Mortgages Payable (Details) - USD ($) $ in Millions | Dec. 31, 2019 | Dec. 31, 2018 | |
Deferred financing costs, net | $ (1.5) | ||
Balance, Net | $ 4,831.8 | $ 4,381.5 | |
Weighted Average [Member] | |||
Interest Rate | [1] | 3.46% | 3.48% |
Mortgages [Member] | |||
Total | $ 410.6 | $ 430.8 | |
Interest Rate | [1] | 4.97% | |
Fair value debt adjustments, net | $ 7.9 | 13.1 | |
Deferred financing costs, net | (1.5) | (2.5) | |
Balance, Net | $ 484 | $ 492.4 | |
Mortgages [Member] | Minimum [Member] | |||
Interest Rate | 3.23% | 3.23% | |
Mortgages [Member] | Maximum [Member] | |||
Interest Rate | 7.23% | 9.75% | |
Mortgages [Member] | Weighted Average [Member] | |||
Interest Rate | [1] | 4.89% | |
Construction Loans [Member] | |||
Total | $ 67 | $ 51 | |
Interest Rate | 3.56% | 4.23% | |
Balance, Net | $ 67 | ||
[1] | Weighted-average interest rate |
Note 13 - Mortgages and Const_5
Note 13 - Mortgages and Construction Loan Payable - Maturities of All Mortgages Payable (Details) - Mortgages Payable and Construction Loans [Member] $ in Millions | Dec. 31, 2018USD ($) |
2020 | $ 169.3 |
2021 | 144.8 |
2022 | 144.5 |
2023 | 15.1 |
2024 | 1.7 |
Thereafter | 2.2 |
Total | $ 477.6 |
Note 14 - Noncontrolling Inte_3
Note 14 - Noncontrolling Interests/Redeemable Noncontrolling Interests (Details Textual) $ / shares in Units, $ in Thousands | 12 Months Ended | |||||||
Dec. 31, 2019USD ($)shares | Dec. 31, 2018USD ($)shares | Dec. 31, 2017USD ($) | Dec. 31, 2007USD ($)shares | Dec. 31, 2006USD ($)$ / sharesshares | ||||
Noncontrolling Interest, Increase from Subsidiary Equity Issuance | $ 109 | $ 48,877 | ||||||
Redeemable Noncontrolling Interest, Equity, Carrying Amount, Total | $ 17,943 | 23,682 | 16,143 | |||||
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests | [1] | 5,752 | 0 | |||||
Noncontrolling Interest, Change in Redemption Value | 0 | [2] | $ 7,521 | [2] | $ 0 | |||
Measurement Input, Cap Rate [Member] | ||||||||
Noncontrolling Interest, Fair Value, Measurement Input | 5 | |||||||
Measurement Input, Discount Rate [Member] | ||||||||
Noncontrolling Interest, Fair Value, Measurement Input | 6 | |||||||
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] | ||||||||
Noncontrolling Interest, Increase from Subsidiary Equity Issuance | $ 300 | |||||||
Capital Units, Class B [Member] | ||||||||
Redeemable Noncontrolling Interest, Equity, Carrying Amount, Total | $ 16,200 | $ 24,300 | ||||||
Non-controlling Interest, Units Issued | shares | 647,758 | |||||||
Non-controlling Interest, Par Value | $ / shares | $ 37.24 | |||||||
Redeemable Units to Company Common Stock, Ratio | 1 | |||||||
Non-controlling Interest, Units Redeemed | shares | 188,951 | 25,970 | 30,000 | |||||
Non-controlling Interest, Cumulative Par Value | $ 8,000 | $ 1,100 | $ 1,100 | |||||
Cash Paid to Noncontrolling Interests to Settle Capital Units | $ 4,000 | 500 | ||||||
Class A Units [Member] | ||||||||
Minority Interest, Units Redeemed | shares | 5,223,313 | |||||||
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests | $ 5,800 | |||||||
PUERTO RICO | ||||||||
Number of Real Estate Properties | 7 | |||||||
Noncontrolling Interest, Increase from Subsidiary Equity Issuance | $ 233,000 | |||||||
Redeemable Noncontrolling Interest, Equity, Carrying Amount, Total | 5,200 | $ 5,200 | ||||||
PUERTO RICO | Fair Market Value Adjustments [Member] | ||||||||
Noncontrolling Interest, Increase from Subsidiary Equity Issuance | 15,100 | |||||||
PUERTO RICO | Non-convertible Units [Member] | ||||||||
Noncontrolling Interest, Increase from Subsidiary Equity Issuance | 158,600 | |||||||
PUERTO RICO | Convertible Units [Member] | ||||||||
Noncontrolling Interest, Increase from Subsidiary Equity Issuance | 45,800 | |||||||
PUERTO RICO | Premiums [Member] | ||||||||
Noncontrolling Interest, Increase from Subsidiary Equity Issuance | $ 13,500 | |||||||
[1] | During 2019, the Company redeemed all 5,223,313 Class A Units for a total redemption price of $5.8 million. | |||||||
[2] | During the year ended December 31, 2018, the Company recorded an adjustment of $7.5 million to the estimated redemption fair market value of this noncontrolling interest in accordance with the provisions of the joint venture agreement and ASC 480 ā Accounting for Redeemable Equity Instruments. The Company revalues the fair market value of this noncontrolling interest on a recurring basis and determined that its valuation was classified within Level 3 of the fair value hierarchy. The estimated fair market value of this noncontrolling interest was based upon a discounted cash flow model, for which a capitalization rate of 5.00% and discount rate of 6.00% were utilized in the model based upon unobservable rates that the Company believes to be within a reasonable range of current market rates. No adjustment to fair value was required during the year ended December 31, 2019. |
Note 14 - Noncontrolling Inte_4
Note 14 - Noncontrolling Interests - Convertible Non-convertible Units (Details) | 12 Months Ended | |
Dec. 31, 2019$ / sharesshares | ||
Class B-1 Preferred Units [Member] | ||
Par Value Per Unit (in dollars per share) | $ / shares | $ 10,000 | [1] |
Number of Units Remaining (in shares) | shares | 189 | [1] |
Return Per Annum | 7.00% | [1] |
Class B-2 Preferred Units [Member] | ||
Par Value Per Unit (in dollars per share) | $ / shares | $ 10,000 | [2] |
Number of Units Remaining (in shares) | shares | 42 | [2] |
Return Per Annum | 7.00% | [2] |
Class C DownReit Units [Member] | ||
Par Value Per Unit (in dollars per share) | $ / shares | $ 30.52 | [1] |
Number of Units Remaining (in shares) | shares | 52,797 | [1] |
[1] | These units are redeemable for cash by the holder or at the Company's option, shares of the Company's common stock, based upon the conversion calculation as defined in the agreement. These units are included in Noncontrolling interests on the Companyās Consolidated Balance Sheets. | |
[2] | These units are redeemable for cash by the holder or callable by the Company and are included in Redeemable noncontrolling interests on the Company's Consolidated Balance Sheets. |
Note 14 - Noncontrolling Inte_5
Note 14 - Noncontrolling Interests - Redemption Value of the Redeemable Noncontrolling Interests (Details) - USD ($) $ in Thousands | 12 Months Ended | |||||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | ||||
Balance | $ 23,682 | $ 16,143 | ||||
Income | 358 | 373 | ||||
Distributions | (345) | (355) | ||||
Redemption of redeemable units | [1] | (5,752) | 0 | |||
Adjustment to estimated redemption value | 0 | [2] | 7,521 | [2] | $ 0 | |
Balance | $ 17,943 | $ 23,682 | $ 16,143 | |||
[1] | During 2019, the Company redeemed all 5,223,313 Class A Units for a total redemption price of $5.8 million. | |||||
[2] | During the year ended December 31, 2018, the Company recorded an adjustment of $7.5 million to the estimated redemption fair market value of this noncontrolling interest in accordance with the provisions of the joint venture agreement and ASC 480 ā Accounting for Redeemable Equity Instruments. The Company revalues the fair market value of this noncontrolling interest on a recurring basis and determined that its valuation was classified within Level 3 of the fair value hierarchy. The estimated fair market value of this noncontrolling interest was based upon a discounted cash flow model, for which a capitalization rate of 5.00% and discount rate of 6.00% were utilized in the model based upon unobservable rates that the Company believes to be within a reasonable range of current market rates. No adjustment to fair value was required during the year ended December 31, 2019. |
Note 15 - Fair Value Disclosu_3
Note 15 - Fair Value Disclosure of Financial Instruments (Details Textual) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2019USD ($) | Dec. 31, 2018USD ($) | ||
Impairment of Real Estate | $ 48,700 | $ 79,200 | |
Measurement Input, Cap Rate [Member] | |||
Real Estate, Measurement Input | 0.1050 | ||
Measurement Input, Cap Rate [Member] | Minimum [Member] | |||
Real Estate, Measurement Input | 0.0850 | ||
Measurement Input, Cap Rate [Member] | Maximum [Member] | |||
Real Estate, Measurement Input | 0.0975 | ||
Measurement Input, Discount Rate [Member] | |||
Real Estate, Measurement Input | 0.1150 | ||
Measurement Input, Discount Rate [Member] | Minimum [Member] | |||
Real Estate, Measurement Input | 0.0925 | ||
Measurement Input, Discount Rate [Member] | Maximum [Member] | |||
Real Estate, Measurement Input | 0.1125 | ||
Estimate of Fair Value Measurement [Member] | |||
Notes Payable, Fair Value Disclosure | [1] | $ 4,983,763 | $ 4,126,450 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | |||
Notes Payable, Fair Value Disclosure | 4,800 | 4,000,000 | |
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member] | |||
Notes Payable, Fair Value Disclosure | $ 199,900 | $ 97,600 | |
[1] | The Company determined that the valuation of its Senior Unsecured Notes were classified within Level 2 of the fair value hierarchy and its Credit Facility was classified within Level 3 of the fair value hierarchy. The estimated fair value amounts classified as Level 2 as of December 31, 2019 and 2018, were $4.8 billion and $4.0 billion, respectively. The estimated fair value amounts classified as Level 3 as of December 31, 2019 and 2018, were $199.9 million and $97.6 million, respectively. |
Note 15 - Fair Value Disclosu_4
Note 15 - Fair Value Disclosure of Financial Instruments - Estimate of Fair Value Differs From Carrying Amounts (Details) - USD ($) $ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 | |
Mortgages [Member] | |||
Mortgages and construction loan payable, net (2) | $ 7,900 | $ 13,100 | |
Reported Value Measurement [Member] | |||
Notes payable, net (1) | [1] | 4,831,759 | 4,381,456 |
Reported Value Measurement [Member] | Mortgages [Member] | |||
Mortgages and construction loan payable, net (2) | [2] | 484,008 | 492,416 |
Estimate of Fair Value Measurement [Member] | |||
Notes payable, net (1) | [1] | 4,983,763 | 4,126,450 |
Estimate of Fair Value Measurement [Member] | Mortgages [Member] | |||
Mortgages and construction loan payable, net (2) | [2] | $ 486,042 | $ 486,341 |
[1] | The Company determined that the valuation of its Senior Unsecured Notes were classified within Level 2 of the fair value hierarchy and its Credit Facility was classified within Level 3 of the fair value hierarchy. The estimated fair value amounts classified as Level 2 as of December 31, 2019 and 2018, were $4.8 billion and $4.0 billion, respectively. The estimated fair value amounts classified as Level 3 as of December 31, 2019 and 2018, were $199.9 million and $97.6 million, respectively. | ||
[2] | The Company determined that its valuation of these Mortgages payable was classified within Level 3 of the fair value hierarchy. |
Note 15 - Fair Value Disclosu_5
Note 15 - Fair Value Disclosure of Financial Instruments - Assets and Liabilities Measured at Fair Value on a Recurring and Nonrecurring Basis (Details) - USD ($) $ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 | |
Fair Value, Nonrecurring [Member] | |||
Real estate | $ 39,510 | $ 99,693 | |
Other real estate investments | 32,974 | ||
Investments in real estate joint ventures (1) | [1] | 62,429 | |
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Real estate | 0 | 0 | |
Other real estate investments | 0 | ||
Investments in real estate joint ventures (1) | [1] | 0 | |
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Real estate | 0 | 0 | |
Other real estate investments | 0 | ||
Investments in real estate joint ventures (1) | [1] | 0 | |
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Real estate | 39,510 | 99,693 | |
Other real estate investments | 32,974 | ||
Investments in real estate joint ventures (1) | [1] | 62,429 | |
Fair Value, Recurring [Member] | |||
Marketable equity securities (1) | [2] | 9,353 | 9,045 |
Marketable equity securities (1) | [2] | 9,353 | 9,045 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Marketable equity securities (1) | [2] | 9,353 | 9,045 |
Marketable equity securities (1) | [2] | 9,353 | 9,045 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Marketable equity securities (1) | [2] | 0 | |
Marketable equity securities (1) | [2] | $ 0 | |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Marketable equity securities (1) | [2] | 0 | |
Marketable equity securities (1) | [2] | $ 0 | |
[1] | Fair value measurement as of date of deconsolidation. See Footnotes 5 and 7 to the Notes to the Consolidated Financial Statements. | ||
[2] | Included in Other Assets on the Company's Consolidated Balance Sheets. |
Note 16 - Preferred Stock, Co_3
Note 16 - Preferred Stock, Common Stock and Convertible Unit Transactions (Details Textual) $ / shares in Units, $ in Thousands | 1 Months Ended | 12 Months Ended | |||||
Feb. 24, 2020 | Sep. 30, 2019USD ($)$ / shares | Jan. 31, 2018USD ($)$ / sharesshares | Dec. 31, 2019USD ($)$ / sharesshares | Dec. 31, 2018USD ($)$ / sharesshares | Dec. 31, 2017shares | Feb. 22, 2018USD ($)$ / shares | |
Preferred Stock, Par or Stated Value Per Share | $ 1 | $ 1 | |||||
Common Stock, Par or Stated Value Per Share | $ 0.01 | $ 0.01 | |||||
Stock Repurchased During Period, Shares | shares | 223,609 | 278,566 | 232,304 | ||||
Stock Repurchased During Period, Value | $ | $ 75,126 | ||||||
Stockholders' Equity Attributable to Noncontrolling Interest, Ending Balance | $ | $ 64,015 | $ 77,249 | |||||
Partners' Capital Account, Units, Converted | shares | 600,000 | ||||||
Share Repurchase Program [Member] | |||||||
Common Stock, Par or Stated Value Per Share | $ 0.01 | ||||||
Stock Repurchase Program, Authorized Amount | $ | $ 300,000 | ||||||
Stock Repurchased During Period, Shares | shares | 0 | 5,100,000 | |||||
Stock Repurchased During Period, Value | $ | $ 75,100 | ||||||
Stock Repurchased During Period, Weighted Average Price | $ 14.72 | ||||||
Stock Repurchase Program, Remaining Authorized Repurchase Amount | $ | $ 224,900 | ||||||
Share Repurchase Program [Member] | Subsequent Event [Member] | |||||||
Stock Repurchase Program, Period in Force | 2 years | ||||||
ATM Program [Member] | |||||||
Stock Issued During Period, Shares, New Issues | shares | 9,514,544 | ||||||
Common Stock, Par or Stated Value Per Share | $ 0.01 | ||||||
Maximum Aggregate Sales Price | $ | $ 500,000 | ||||||
Proceeds from Issuance of Common Stock | $ | $ 200,100 | ||||||
Payments of Stock Issuance Costs | $ | $ 1,800 | ||||||
Sale of Stock, Number of Shares Available for Future Issuance | shares | 298,100,000 | ||||||
Series M Preferred Stock [Member] | |||||||
Stock Issued During Period, Shares, New Issues | shares | 1,380,000 | ||||||
Preferred stock, Fractional Interest in Share of Stock | 1.00% | ||||||
Preferred Stock, Dividend Rate, Percentage | 5.25% | 5.25% | |||||
Preferred Stock, Par or Stated Value Per Share | $ 1 | $ 1 | $ 1 | ||||
Proceeds from Issuance of Preferred Stock and Preference Stock | $ | $ 33,400 | ||||||
Series M Cumulative Redeemable Preferred Stock [Member] | |||||||
Preferred Stock, Dividend Rate, Percentage | 5.25% | ||||||
Series I, J, K, L or M Preferred Stock [Member] | |||||||
Number of Votes | 1,000 | ||||||
Number of Proxies | 1,000 | ||||||
Number of Votes, Depositary | 1 | ||||||
Series I Preferred Stock [Member] | |||||||
Preferred Stock, Dividend Rate, Percentage | 6.00% | ||||||
Preferred Stock, Par or Stated Value Per Share | $ 1 | ||||||
Preferred Stock, Liquidation Preference Per Share | $ 25,000 | ||||||
Series J Preferred Stock [Member] | |||||||
Preferred Stock, Dividend Rate, Percentage | 5.50% | ||||||
Preferred Stock, Par or Stated Value Per Share | $ 1 | ||||||
Preferred Stock, Liquidation Preference Per Share | 25,000 | ||||||
Depositary Share [Member] | |||||||
Preferred Stock, Liquidation Preference Per Share | $ 25 | ||||||
Convertible Units [Member] | |||||||
Stockholders' Equity Attributable to Noncontrolling Interest, Ending Balance | $ | $ 13,300 |
Note 16 - Preferred Stock, Co_4
Note 16 - Preferred Stock, Common Stock and Convertible Unit Transactions - Outstanding Preferred Stock (Details) - USD ($) $ / shares in Units, $ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Jan. 31, 2018 | |
Preferred stock, shares authorized (in shares) | 7,054,000 | 7,054,000 | |
Preferred stock, liquidation preference | $ 489.5 | $ 1,064.5 | |
Preferred stock, par value (in dollars per share) | $ 1 | $ 1 | |
Liquidation preference | $ 489.5 | $ 1,064.5 | |
Shares authorized (in shares) | 7,054,000 | 7,054,000 | |
Preferred Stock, Par or Stated Value Per Share | $ 1 | $ 1 | |
Series L Preferred Stock [Member] | |||
Preferred stock, shares authorized (in shares) | 10,350 | 10,350 | |
Shares issued and outstanding (in shares) | 9,000 | 9,000 | |
Preferred stock, liquidation preference | $ 225 | $ 225 | |
Dividend rate | 5.125% | 5.125% | |
Annual dividend per depository share (in dollars per share) | $ 1.28125 | $ 1.28125 | |
Preferred stock, par value (in dollars per share) | $ 1 | $ 1 | |
Shares issued and outstanding (in shares) | 9,000 | 9,000 | |
Liquidation preference | $ 225 | $ 225 | |
Shares authorized (in shares) | 10,350 | 10,350 | |
Preferred Stock, Dividend Rate, Percentage | 5.125% | 5.125% | |
Annual dividend per depository share (in dollars per share) | $ 1.28125 | $ 1.28125 | |
Preferred Stock, Par or Stated Value Per Share | $ 1 | $ 1 | |
Series I Preferred Stock [Member] | |||
Preferred stock, shares authorized (in shares) | 18,400 | ||
Shares issued and outstanding (in shares) | 7,000 | ||
Preferred stock, liquidation preference | $ 175 | ||
Dividend rate | 6.00% | ||
Annual dividend per depository share (in dollars per share) | $ 1.50000 | ||
Preferred stock, par value (in dollars per share) | $ 1 | ||
Shares issued and outstanding (in shares) | 7,000 | ||
Liquidation preference | $ 175 | ||
Shares authorized (in shares) | 18,400 | ||
Preferred Stock, Dividend Rate, Percentage | 6.00% | ||
Annual dividend per depository share (in dollars per share) | $ 1.50000 | ||
Preferred Stock, Par or Stated Value Per Share | $ 1 | ||
Series M Preferred Stock [Member] | |||
Preferred stock, shares authorized (in shares) | 10,580 | 10,580 | |
Shares issued and outstanding (in shares) | 10,580 | 10,580 | |
Preferred stock, liquidation preference | $ 264.5 | $ 264.5 | |
Dividend rate | 5.25% | 5.25% | |
Annual dividend per depository share (in dollars per share) | $ 1.31250 | $ 1.31250 | |
Preferred stock, par value (in dollars per share) | $ 1 | $ 1 | $ 1 |
Shares issued and outstanding (in shares) | 10,580 | 10,580 | |
Liquidation preference | $ 264.5 | $ 264.5 | |
Shares authorized (in shares) | 10,580 | 10,580 | |
Preferred Stock, Dividend Rate, Percentage | 5.25% | 5.25% | |
Annual dividend per depository share (in dollars per share) | $ 1.31250 | $ 1.31250 | |
Preferred Stock, Par or Stated Value Per Share | $ 1 | $ 1 | $ 1 |
Series J Preferred Stock [Member] | |||
Preferred stock, shares authorized (in shares) | 9,000 | ||
Shares issued and outstanding (in shares) | 9,000 | ||
Preferred stock, liquidation preference | $ 225 | ||
Dividend rate | 5.50% | ||
Annual dividend per depository share (in dollars per share) | $ 1.37500 | ||
Preferred stock, par value (in dollars per share) | $ 1 | ||
Shares issued and outstanding (in shares) | 9,000 | ||
Liquidation preference | $ 225 | ||
Shares authorized (in shares) | 9,000 | ||
Preferred Stock, Dividend Rate, Percentage | 5.50% | ||
Annual dividend per depository share (in dollars per share) | $ 1.37500 | ||
Preferred Stock, Par or Stated Value Per Share | $ 1 | ||
Series K Preferred Stock [Member] | |||
Preferred stock, shares authorized (in shares) | 8,050 | ||
Shares issued and outstanding (in shares) | 7,000 | ||
Preferred stock, liquidation preference | $ 175 | ||
Dividend rate | 5.625% | ||
Annual dividend per depository share (in dollars per share) | $ 1.40625 | ||
Preferred stock, par value (in dollars per share) | $ 1 | ||
Shares issued and outstanding (in shares) | 7,000 | ||
Liquidation preference | $ 175 | ||
Shares authorized (in shares) | 8,050 | ||
Preferred Stock, Dividend Rate, Percentage | 5.625% | ||
Annual dividend per depository share (in dollars per share) | $ 1.40625 | ||
Preferred Stock, Par or Stated Value Per Share | $ 1 | ||
Total [Member] | |||
Shares issued and outstanding (in shares) | 19,580 | 42,580 | |
Preferred stock, liquidation preference | $ 489.5 | $ 1,064.5 | |
Shares issued and outstanding (in shares) | 19,580 | 42,580 | |
Liquidation preference | $ 489.5 | $ 1,064.5 |
Note 16 - Preferred Stock, Co_5
Note 16 - Preferred Stock, Common Stock and Convertible Unit Transactions - Preferred Stock Redeemed (Details) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | ||
Redemption Charges | $ 18,528 | $ 0 | $ 7,014 | |
Series J Preferred Stock [Member] | ||||
Depositary Shares Redeemed (in shares) | 9,000,000 | |||
Redemption Price (in dollars per share) | $ 25 | |||
Redemption Amount | $ 225,000 | |||
Redemption Charges | $ 7,100 | |||
Series I Preferred Stock [Member] | ||||
Depositary Shares Redeemed (in shares) | 7,000,000 | |||
Redemption Price (in dollars per share) | $ 25 | |||
Redemption Amount | $ 175,000 | |||
Redemption Charges | [1] | $ 5,500 | ||
Series K Preferred Stock [Member] | ||||
Depositary Shares Redeemed (in shares) | 7,000,000 | |||
Redemption Price (in dollars per share) | $ 25 | |||
Redemption Amount | $ 175,000 | |||
Redemption Charges | [1] | $ 5,900 | ||
[1] | Redemption charges resulting from the difference between the redemption amount and the carrying amount of the respective preferred stock class on the Company's Condensed Consolidated Balance Sheets are accounted for in accordance with the FASB's guidance on Distinguishing Liabilities from Equity. These charges were subtracted from net income attributable to the Company to arrive at net income available to the Company's common shareholders and used in the calculation of earnings per share. |
Note 16 - Preferred Stock, Co_6
Note 16 - Preferred Stock, Common Stock and Convertible Unit Transactions - Dividends Declared (Details) - $ / shares | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Common Stock (in dollars per share) | $ 1.12000 | $ 1.12000 | $ 1.09000 |
Series I Preferred Stock [Member] | |||
Preferred Shares (in dollars per share) | 0.99583 | 1.50000 | 1.50000 |
Series I Preferred Stock Redeemed [Member] | |||
Preferred Shares (in dollars per share) | 0 | 0 | 0.96250 |
Series J Preferred Stock [Member] | |||
Preferred Shares (in dollars per share) | 1.37500 | 1.37500 | 1.37500 |
Series K Preferred Stock [Member] | |||
Preferred Shares (in dollars per share) | 0.93359 | 1.40625 | 1.40625 |
Series L Preferred Stock [Member] | |||
Preferred Shares (in dollars per share) | 1.28125 | 1.28125 | 0.48047 |
Series M Preferred Stock [Member] | |||
Preferred Shares (in dollars per share) | $ 1.31250 | $ 1.31250 | $ 0.04010 |
Note 17 - Supplemental Schedu_3
Note 17 - Supplemental Schedule of Non-cash Investing / Financing Activities - Non-cash Investing and Financing Activities (Details) - USD ($) $ in Thousands | 12 Months Ended | ||||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |||
Acquisition of real estate interests by assumption of mortgage debt | $ 0 | $ 0 | $ 45,299 | ||
Acquisition of real estate interests through proceeds held in escrow | 36,076 | 0 | 162,396 | ||
Proceeds deposited in escrow through sale of real estate interests | 5,106 | 41,949 | 162,396 | ||
Disposition of real estate interests through the issuance of mortgage receivable | 3,750 | 14,700 | 0 | ||
Disposition of real estate interests by a deed in lieu/foreclosure of debt | 3,892 | 7,444 | 0 | ||
Forgiveness of debt due to a deed in lieu/foreclosure | 6,905 | 12,415 | 0 | ||
Capital expenditures accrual | 65,900 | 60,611 | 74,123 | ||
Surrender of restricted common stock | 4,030 | 4,360 | 5,699 | ||
Dividends payable | 126,274 | 130,262 | 128,892 | ||
Change in noncontrolling interest due to liquidation of partnership | 0 | 0 | 64,948 | ||
Adjustment to estimated redemption value | 0 | [1] | 7,521 | [1] | 0 |
Deemed contribution from noncontrolling interest | 0 | 0 | 10,000 | ||
Increase in real estate and other assets, net | 7,884 | 0 | 325,981 | ||
Increase in mortgages payable, other liabilities and noncontrolling interests | 7,747 | 0 | 258,626 | ||
Decrease in real estate and other assets | 0 | 300,299 | 0 | ||
Increase in investments in and advances to real estate joint ventures | 0 | (62,429) | 0 | ||
Decrease in mortgages and construction loan payable, other liabilities and noncontrolling interests | $ 0 | $ 248,274 | $ 0 | ||
[1] | During the year ended December 31, 2018, the Company recorded an adjustment of $7.5 million to the estimated redemption fair market value of this noncontrolling interest in accordance with the provisions of the joint venture agreement and ASC 480 ā Accounting for Redeemable Equity Instruments. The Company revalues the fair market value of this noncontrolling interest on a recurring basis and determined that its valuation was classified within Level 3 of the fair value hierarchy. The estimated fair market value of this noncontrolling interest was based upon a discounted cash flow model, for which a capitalization rate of 5.00% and discount rate of 6.00% were utilized in the model based upon unobservable rates that the Company believes to be within a reasonable range of current market rates. No adjustment to fair value was required during the year ended December 31, 2019. |
Note 18 - Transactions With R_2
Note 18 - Transactions With Related Parties (Details Textual) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Ripco [Member] | |||
Related Party Transaction, Amounts of Transaction | $ 0.4 | $ 0.2 | $ 0.4 |
Prohealth [Member] | |||
Number of Properties Under Lease | 2 | ||
Prohealth [Member] | Annual Base Rent for Leased Properties [Member] | |||
Related Party Transaction, Amounts of Transaction | $ 0.4 | $ 0.4 | |
Officer [Member] | Ripco [Member] | |||
Percentage of Ownership | 50.00% |
Note 19 - Commitments and Con_3
Note 19 - Commitments and Contingencies (Details Textual) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Straight Line Rent | $ 17.2 | $ 13.6 | $ 15.7 |
Letters of Credit Outstanding, Amount | 40.8 | ||
Performance and Surety Bonds | $ 17.6 | ||
Revenues from Rental Property [Member] | Product Concentration Risk [Member] | |||
Concentration Risk, Percentage | 98.00% | 98.00% | 98.00% |
Minimum [Member] | |||
Lessor, Operating Lease, Term of Contract | 5 years | ||
Maximum [Member] | |||
Lessor, Operating Lease, Term of Contract | 25 years |
Note 19 - Commitments and Con_4
Note 19 - Commitments and Contingencies - Minimum Lease Revenues (Details) $ in Millions | Dec. 31, 2019USD ($) |
2020 | $ 827.4 |
2021 | 773.6 |
2022 | 680.9 |
2023 | 582 |
2024 | 485.4 |
Thereafter | $ 2,658.1 |
Note 20 - Incentive Plans (Deta
Note 20 - Incentive Plans (Details Textual) - USD ($) $ / shares in Units, $ in Millions | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | ||
Share-based Payment Arrangement, Expense | $ 20.2 | $ 18.2 | $ 21.6 | |
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $ 33.8 | |||
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition | 2 years 9 months 18 days | |||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 1.1 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 0 | 0 | 0 | |
Share-based Payment Arrangement, Option, Exercise Price Range, Upper Range Limit | $ 13.05 | $ 24.12 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term | 2 years 1 month 6 days | |||
Proceeds from Stock Options Exercised | $ 3.9 | $ 0.6 | $ 1.5 | |
Common Stock, Shares, Issued, Total | 431,814,951 | 421,388,879 | ||
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent | 5.00% | |||
Defined Contribution Plan, Cost | $ 2.2 | $ 2.2 | 2.1 | |
Employee [Member] | ||||
Severance Costs | $ 2.6 | $ 3.8 | $ 5.5 | |
Restricted Stock [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ 18.03 | $ 14.72 | $ 25.04 | |
Dividend, Share-based Payment Arrangement, Shares | $ 3 | $ 2.8 | $ 2.4 | |
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 | $ 22 | $ 15.40 | $ 23.35 | |
Common Stock, Shares, Issued, Total | 104,551 | 0 | 0 | |
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 20 - Incentive Plans - Sto
Note 20 - Incentive Plans - Stock Options Activity (Details) - USD ($) $ / shares in Units, $ in Millions | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Options outstanding (in shares) | 1,641,366 | 3,464,946 | 6,013,729 | |
Options outstanding, weighted average exercise price per share (in dollars per share) | $ 19.60 | $ 18.78 | $ 27.81 | $ 32.09 |
Options outstanding, aggregate intrinsic value | $ 2 | $ 0.4 | $ 0 | $ 12.1 |
Options exercised, shares (in shares) | (268,856) | (42,259) | (83,863) | |
Options exercised, weighted average exercise price per share (in dollars per share) | $ 14.43 | $ 14 | $ 18.20 | |
Options exercised, aggregate intrinsic value | $ 1.1 | $ 0.1 | $ 3.4 | |
Options forfeited, shares (in shares) | (74,574) | (1,781,321) | (2,464,920) | |
Options forfeited, weighted average exercise price per share (in dollars per share) | $ 20.24 | $ 36.53 | $ 35.91 | |
Options outstanding (in shares) | 1,297,936 | 1,641,366 | 3,464,946 | |
Options Exercisable, Shares (in shares) | 1,297,936 | 1,641,366 | 3,464,946 | |
Options exercisable, weighted average exercise price per share (in dollars per share) | $ 19.60 | $ 18.78 | $ 27.81 | |
Options exercisable, aggregate intrinsic value | $ 2 | $ 0.4 | $ 4 |
Note 20 - Incentive Plans - Res
Note 20 - Incentive Plans - Restricted Stock Activity (Details) - Restricted Stock [Member] - shares | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | ||
Restricted stock outstanding as of January 1, (in shares) | 2,104,914 | 1,777,429 | 1,930,732 | |
Granted (1) (in shares) | [1] | 884,170 | 1,100,590 | 646,142 |
Vested (in shares) | (603,148) | (751,201) | (783,872) | |
Forfeited (in shares) | (18,093) | (21,904) | (15,573) | |
Restricted stock outstanding as of December 31, (in shares) | 2,367,843 | 2,104,914 | 1,777,429 | |
[1] | The weighted-average grant date fair value for restricted stock issued during the years ended December 31, 2019, 2018 and 2017 were $18.03, $14.72 and $25.04, respectively. |
Note 20 - Incentive Plans - Per
Note 20 - Incentive Plans - Performance Shares Activity (Details) - Performance Shares [Member] - shares | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | ||
Restricted stock outstanding as of January 1, (in shares) | 433,230 | 235,950 | 197,249 | |
Granted (1) (in shares) | [1] | 407,080 | 297,450 | 135,780 |
Vested (in shares) | [2] | (135,780) | (100,170) | (97,079) |
Restricted stock outstanding as of December 31, (in shares) | 704,530 | 433,230 | 235,950 | |
[1] | The weighted-average grant date fair value for performance shares issued during the years ended December 31, 2019, 2018 and 2017 were $22.00, $15.40 and $23.35, respectively. | |||
[2] | For the years ended December 31, 2019, 2018 and 2017, the corresponding common stock equivalent of these vested awards were 104,551, 0 and 0 shares, respectively. |
Note 20 - Incentive Plans - P_2
Note 20 - Incentive Plans - Performance Shares Significant Fair Value Assumptions (Details) - Performance Shares [Member] - $ / shares | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | ||
Stock price (in dollars per share) | $ 17.81 | $ 14.99 | $ 24.91 | |
Dividend yield (1) | [1] | 0.00% | 0.00% | 0.00% |
Risk-free rate | 2.52% | 2.39% | 1.45% | |
Volatility (2) | [2] | 24.55% | 22.90% | 18.93% |
Term of the award (Year) | 2 years 10 months 17 days | 2 years 10 months 6 days | 2 years 10 months 17 days | |
[1] | Total Shareholder Returns, as used in the performance share awards computation, are measured based on cumulative dividend stock prices, as such a zero percent dividend yield is utilized. | |||
[2] | Volatility is based on the annualized standard deviation of the daily logarithmic returns on dividend-adjusted closing prices over the look-back period based on the term of the award. |
Note 21 - Income Taxes (Details
Note 21 - Income Taxes (Details Textual) - USD ($) $ in Millions | 1 Months Ended | 2 Months Ended | 12 Months Ended | ||
Aug. 31, 2016 | Dec. 31, 2019 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Required Dividend Payout | 90.00% | 90.00% | |||
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21.00% | 35.00% | |||
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability | $ 1.1 | ||||
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount | $ 1.6 | ||||
Federal Income Tax Benefit from AMT Credit Refunds | $ 3.7 | ||||
Deferred Federal Income Tax Expense (Benefit) | (1.1) | ||||
Deferred Tax Assets, Tax Credit Carryforwards, Alternative Minimum Tax | $ 3.5 | $ 3.5 | |||
Open Tax Year | 2010 2011 2012 2013 2014 2015 2016 2017 2018 | ||||
Mexican Tax Authority [Member] | |||||
Tax Assessment Estimated Penalties Expense | $ 52.6 | ||||
Tax Assessment, Estimated Penalties Expense, Amount Found to Be Improperly Assessed, Reporting Entityās Share | 14.7 | ||||
Tax Assessment, Estimated Penalties Expense, Amount Found to Be Improperly Assessed | $ 17.9 | ||||
Mexican Tax Authority [Member] | Tax Year 2010 [Member] | |||||
Income Tax Examination, Year under Examination | 2010 | ||||
Tax Assessment Estimated Tax Expense | $ 33.7 | ||||
Tax Assessment Estimated Interest Expense | 16.5 | ||||
Tax Assessment Estimated Penalties Expense | $ 11.4 | ||||
State and Local Jurisdiction [Member] | |||||
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount | $ 0.3 |
Note 21 - Income Taxes - GAAP N
Note 21 - Income Taxes - GAAP Net Income/(Loss) to Taxable Income Reconciliation (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | ||||||||||
Dec. 31, 2019 | Sep. 30, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | ||
GAAP net income (loss) | $ 109,419 | $ 83,990 | $ 101,027 | $ 116,169 | $ 88,161 | $ 100,158 | $ 165,386 | $ 144,090 | $ 410,605 | $ 497,795 | $ 426,075 | |
Net book depreciation in excess of tax depreciation | 56,094 | 46,754 | 122,043 | |||||||||
Capitalized leasing/legal commissions | 0 | (15,268) | (7,102) | |||||||||
Deferred/prepaid/above-market and below-market rents, net | (33,518) | (23,466) | (29,364) | |||||||||
Fair market value debt amortization | (4,412) | (5,268) | (8,495) | |||||||||
Book/tax differences from executive compensation (2) | [1] | 6,026 | 5,460 | 2,396 | ||||||||
Book/tax differences from investments in and advances to real estate joint ventures | (606) | 26,263 | (24,992) | |||||||||
Book/tax differences from sale of properties | 18,692 | (13,612) | (86,629) | |||||||||
Book adjustment to property carrying values and marketable equity securities | 31,980 | 59,866 | 51,309 | |||||||||
Taxable currency exchange gains/(losses), net | (33) | 929 | (780) | |||||||||
Tangible property regulation deduction | 0 | (40,361) | (52,809) | |||||||||
GAAP gain on change in control of joint venture interests | (137) | (6,800) | (71,160) | |||||||||
Dividends from TRSs | 3,331 | 526 | 1,226 | |||||||||
Other book/tax differences, net | (3,166) | 775 | 2,056 | |||||||||
Adjusted REIT taxable income | 484,852 | 527,045 | 311,196 | |||||||||
Share-based Payment Arrangement, Option [Member] | ||||||||||||
Sharebased Compensation | (1,121) | (112) | (172) | |||||||||
GAAP Net Loss/(Income) of Taxable REIT Subsidiaries [Member] | ||||||||||||
GAAP net income (loss) | 1,117 | (2,436) | (12,406) | |||||||||
GAAP Net Income From REIT Operations [Member] | ||||||||||||
GAAP net income (loss) | [2] | $ 411,722 | $ 495,359 | $ 413,669 | ||||||||
[1] | In accordance with the Tax Cuts and Jobs Act, effective for tax years beginning on January 1, 2018, Section 162(m) of the Code a $1.0 million limit per executive was placed on the amount a company can deduct for executive compensation for each of their CEO, CFO and the other three most highly paid executives. | |||||||||||
[2] | All adjustments to "GAAP net income from REIT operations" are net of amounts attributable to noncontrolling interests and TRSs. |
Note 21 - Income Taxes - Taxabl
Note 21 - Income Taxes - Taxable Characteristics of Distributions Paid (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Dividends distributed, amount | $ 528,606 | $ 526,912 | $ 503,793 |
Series I Preferred Stock [Member] | |||
Ordinary income, amount | $ 7,389 | $ 5,565 | $ 21,636 |
Ordinary income, percent | 77.00% | 53.00% | 96.00% |
Capital gain, amount | $ 2,207 | $ 4,935 | $ 902 |
Capital gain, percent | 23.00% | 47.00% | 4.00% |
Dividends distributed, amount | $ 9,596 | $ 10,500 | $ 22,538 |
Dividends distributed, percent | 100.00% | 100.00% | 100.00% |
Series J Preferred Stock [Member] | |||
Ordinary income, amount | $ 11,541 | $ 6,559 | $ 11,880 |
Ordinary income, percent | 77.00% | 53.00% | 96.00% |
Capital gain, amount | $ 3,447 | $ 5,816 | $ 495 |
Capital gain, percent | 23.00% | 47.00% | 4.00% |
Dividends distributed, amount | $ 14,988 | $ 12,375 | $ 12,375 |
Dividends distributed, percent | 100.00% | 100.00% | 100.00% |
Series K Preferred Stock [Member] | |||
Ordinary income, amount | $ 6,927 | $ 5,217 | $ 9,450 |
Ordinary income, percent | 77.00% | 53.00% | 96.00% |
Capital gain, amount | $ 2,069 | $ 4,627 | $ 394 |
Capital gain, percent | 23.00% | 47.00% | 4.00% |
Dividends distributed, amount | $ 8,996 | $ 9,844 | $ 9,844 |
Dividends distributed, percent | 100.00% | 100.00% | 100.00% |
Series L Preferred Stock [Member] | |||
Ordinary income, amount | $ 8,879 | $ 6,111 | $ 1,814 |
Ordinary income, percent | 77.00% | 53.00% | 96.00% |
Capital gain, amount | $ 2,652 | $ 5,420 | $ 76 |
Capital gain, percent | 23.00% | 47.00% | 4.00% |
Dividends distributed, amount | $ 11,531 | $ 11,531 | $ 1,890 |
Dividends distributed, percent | 100.00% | 100.00% | 100.00% |
Series M Preferred Stock [Member] | |||
Ordinary income, amount | $ 10,692 | $ 6,031 | $ 0 |
Ordinary income, percent | 77.00% | 53.00% | 0.00% |
Capital gain, amount | $ 3,194 | $ 5,348 | $ 0 |
Capital gain, percent | 23.00% | 47.00% | 0.00% |
Dividends distributed, amount | $ 13,886 | $ 11,379 | $ 0 |
Dividends distributed, percent | 100.00% | 100.00% | 0.00% |
Common Stock 1 [Member] | |||
Ordinary income, amount | $ 328,726 | $ 235,642 | $ 260,573 |
Ordinary income, percent | 70.00% | 50.00% | 57.00% |
Capital gain, amount | $ 98,618 | $ 212,077 | $ 9,143 |
Capital gain, percent | 21.00% | 45.00% | 2.00% |
Dividends distributed, amount | $ 469,609 | $ 471,283 | $ 457,146 |
Dividends distributed, percent | 100.00% | 100.00% | 100.00% |
Return of capital, amount | $ 42,265 | $ 23,564 | $ 187,430 |
Return of capital, percent | 9.00% | 5.00% | 41.00% |
Note 21 - Income Taxes - Taxa_2
Note 21 - Income Taxes - Taxable Income and Provisions for Income Taxes (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | ||
(Loss)/income before income taxes ā U.S. | $ (1,682) | $ 4,331 | $ 1,487 | |
Deferred | (1,100) | |||
Federal tax benefit/(provision) | 2,968 | (2,876) | (1,592) | |
Total tax benefit/(provision) ā U.S. | (3,317) | 1,600 | (880) | |
Net income | 413,561 | 498,463 | 439,671 | |
Taxable REIT Subsidiaries [Member] | ||||
Current | 3,362 | (1,221) | (704) | |
Deferred | (349) | (1,198) | (632) | |
Federal tax benefit/(provision) | 3,013 | (2,419) | (1,336) | |
Current | (26) | (43) | (66) | |
Deferred | (19) | (414) | (190) | |
State tax provision | (45) | (457) | (256) | |
Total tax benefit/(provision) ā U.S. | 2,968 | (2,876) | (1,592) | |
Net income | 1,286 | 1,455 | (105) | |
(Loss)/income before taxes ā Non-U.S. | (599) | 2,384 | (11,483) | |
Current | [1] | 69 | (1,634) | (2,425) |
Deferred | (418) | 358 | (47) | |
Non-U.S. tax benefit | $ 349 | $ 1,276 | $ 2,472 | |
[1] | The year ended December 31, 2018 includes a charge of $1.6 million related to the recording of a deferred tax valuation allowance. |
Note 21 - Income Taxes - Statut
Note 21 - Income Taxes - Statutory Income Tax to Effective Income Tax Reconciliation (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | ||
Federal benefit/(provision) at statutory tax rate* (1) (3) | [1],[2],[3] | $ 3,010 | $ (2,490) | $ (520) |
State and local provision, net of federal benefit (2) | [4] | (42) | (386) | (1,072) |
Total tax benefit/(provision) ā U.S. | $ 2,968 | $ (2,876) | $ (1,592) | |
[1] | Federal statutory tax rate of 21% for the years ended December 31, 2019 and 2018 and federal statutory tax rate of 35% for the years ended December 31, 2017. | |||
[2] | The year ended December 31, 2018 includes a charge of $1.6 million related to the recording of a deferred tax valuation allowance. | |||
[3] | The year ended December 31, 2019 includes a tax benefit from AMT Credit refunds of $3.7 million and $3.1 million related to the recording of a deferred tax valuation allowance. | |||
[4] | The year ended December 31, 2018 includes a charge of $0.3 million related to the recording of a deferred tax valuation allowance. |
Note 21 - Income Taxes - Deferr
Note 21 - Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 | |
Deferred tax assets: | |||
Net operating losses (1) | [1] | $ 20,917 | $ 20,947 |
Tax credit carryforwards (2) | [2] | 2,340 | 6,064 |
Capital loss carryforwards | 2,270 | 2,270 | |
Related party deferred losses | 619 | 619 | |
Charitable contribution carryforwards | 23 | 23 | |
Valuation allowance | (42,703) | (45,413) | |
Total deferred tax assets | 13,084 | 13,375 | |
Deferred tax liabilities | (12,844) | (12,768) | |
Net deferred tax assets | 240 | 607 | |
Domestic Tax Authority [Member] | |||
Deferred tax assets: | |||
Tax/GAAP basis differences | $ 29,618 | $ 28,865 | |
[1] | Expiration dates ranging from 2021 to 2032. | ||
[2] | Expiration dates ranging from 2027 to 2035 and tax year 2018 includes alternative minimum tax credit carryovers of $3.5 million that did not expire. The alternative minimum tax credits were recognized in 2019. |
Note 21 - Income Taxes - Uncert
Note 21 - Income Taxes - Uncertain Tax Benefits Liability (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | ||
Balance | $ 2,806 | $ 3,991 | |
Changes in tax positions related to current year | [1] | 16 | (250) |
Reductions due to lapsed statute of limitations | (434) | (935) | |
Balance | $ 2,388 | $ 2,806 | |
[1] | Amounts relate to increases/(decreases) from foreign currency translation adjustments. |
Note 22 - Earnings Per Share (D
Note 22 - Earnings Per Share (Details Textual) - shares shares in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Share-based Payment Arrangement, Option [Member] | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 0.5 | 1.3 | 3.1 |
Note 22 - Earnings Per Share -
Note 22 - Earnings Per Share - Reconciliation of Earnings (Loss) and the Weighted Average Number of Shares (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | ||
Net income available to the Company's common shareholders | $ 339,988 | $ 439,604 | $ 372,461 | |
Change in estimated redemption value of redeemable noncontrolling interests | 0 | (7,521) | 0 | |
Earnings attributable to participating securities | (2,599) | (2,375) | (2,132) | |
Net income available to the Companyās common shareholders for basic earnings per share | 337,389 | 429,708 | 370,329 | |
Distributions on convertible units | 30 | 99 | 0 | |
Net income available to the Companyās common shareholders for diluted earnings per share | $ 337,419 | $ 429,807 | $ 370,329 | |
Weighted average common shares outstanding ā basic (in shares) | 420,370 | 420,641 | 423,614 | |
Equity awards (in shares) | [1] | 1,365 | 628 | 405 |
Assumed conversion of convertible units (in shares) | [1] | 64 | 110 | 0 |
Weighted average common shares outstanding ā diluted (in shares) | [1] | 421,799 | 421,379 | 424,019 |
Basic earnings per share (in dollars per share) | $ 0.80 | $ 1.02 | $ 0.87 | |
Diluted earnings per share (in dollars per share) | $ 0.80 | $ 1.02 | $ 0.87 | |
[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 0.5 million, 1.3 million and 3.1 million stock options that were not dilutive as of December 31, 2019, 2018 and 2017, respectively. |
Note 23 - Supplemental Financ_3
Note 23 - Supplemental Financial Information (Unaudited) - Quarterly Results of Operations (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2019 | Sep. 30, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Revenues | $ 296,130 | $ 282,871 | $ 284,873 | $ 295,010 | $ 284,201 | $ 283,080 | $ 293,403 | $ 304,078 | $ 1,158,884 | $ 1,164,762 | $ 1,200,834 |
Net income attributable to the Company | $ 109,419 | $ 83,990 | $ 101,027 | $ 116,169 | $ 88,161 | $ 100,158 | $ 165,386 | $ 144,090 | $ 410,605 | $ 497,795 | $ 426,075 |
Basic (in dollars per share) | $ 0.22 | $ 0.14 | $ 0.20 | $ 0.24 | $ 0.17 | $ 0.19 | $ 0.36 | $ 0.30 | |||
Diluted (in dollars per share) | $ 0.22 | $ 0.14 | $ 0.20 | $ 0.24 | $ 0.17 | $ 0.19 | $ 0.36 | $ 0.30 |
Note 24 - Captive Insurance C_3
Note 24 - Captive Insurance Company (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
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 | 21,500,000 | $ 23,000,000 |
Increase (Decrease) in Incurred Insurance Losses and Loss Adjustment Expenses | (1,900,000) | $ (2,700,000) |
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 | 8.00% | |
Kimco Insurance Company [Member] | Maximum [Member] | ||
Captive Insurance, Annual Aggregates Per Policy | $ 11,100,000 | |
Captive Insurance, Obligations to Reinsurance Provider, Percent of Incurred Losses | 12.20% |
Note 24 - Captive Insurance C_4
Note 24 - Captive Insurance Company - Activity in the Liability for Unpaid Losses and Loss Adjustment Expenses (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Balance at the beginning of the year | $ 16,130 | $ 18,965 |
Incurred related to current year | 5,331 | 5,236 |
Incurred related to prior years | (1,948) | (2,653) |
Total incurred | 3,383 | 2,583 |
Paid related to current year | (256) | (683) |
Paid related to prior years | (3,593) | (4,735) |
Total paid | (3,849) | (5,418) |
Balance at the end of the year | $ 15,664 | $ 16,130 |
Schedule II - Valuation and Q_3
Schedule II - Valuation and Qualifying Accounts - Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | ||
SEC Schedule, 12-09, Valuation Allowance, Deferred Tax Asset [Member] | ||||
Balance at beginning of period | $ 45,413 | $ 54,155 | $ 95,126 | |
Charged to expenses | 0 | 0 | 0 | |
Adjustments to valuation accounts | (2,710) | (8,742) | (40,971) | |
Deductions | 0 | 0 | 0 | |
Balance at end of period | 42,703 | 45,413 | 54,155 | |
SEC Schedule, 12-09, Allowance, Credit Loss [Member] | ||||
Balance at beginning of period | [1] | $ 20,438 | 17,066 | 24,175 |
Charged to expenses | [1] | 9,254 | 6,641 | |
Adjustments to valuation accounts | [1] | 0 | 0 | |
Deductions | [1] | (5,882) | (13,750) | |
Balance at end of period | [1] | $ 20,438 | $ 17,066 | |
[1] | Includes allowances on accounts receivable and straight-line rents. |
Schedule III - Real Estate an_3
Schedule III - Real Estate and Accumulated Depreciation (Details Textual) $ in Billions | 12 Months Ended |
Dec. 31, 2019USD ($) | |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Federal Income Tax Basis | $ 10 |
Buildings and Building Improvements Held For Investment [Member] | Minimum [Member] | |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Life Used for Depreciation | 5 years |
Buildings and Building Improvements Held For Investment [Member] | Maximum [Member] | |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Life Used for Depreciation | 50 years |
Schedule III - Real Estate an_4
Schedule III - Real Estate and Accumulated Depreciation - Real Estate and Accumulated Depreciation (Details) - USD ($) | 12 Months Ended | ||||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||
The company's investment | $ 11,929,276,453 | $ 11,877,190,495 | $ 12,653,444,998 | $ 12,008,075,148 | |
ACCUMULATED DEPRECIATION | 2,500,052,642 | 2,385,287,743 | 2,433,052,747 | 2,278,291,645 | |
TOTAL | 11,929,276,453 | $ 11,877,190,495 | $ 12,653,444,998 | $ 12,008,075,148 | |
Shopping Center [Member] | Poway City Centre [Member] | |||||
INITIAL COST LAND | 5,854,585 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 13,792,470 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 9,133,189 | |||
LAND | 7,247,814 | ||||
BUILDING AND IMPROVEMENTS | 21,532,430 | ||||
The company's investment | 28,780,244 | ||||
ACCUMULATED DEPRECIATION | 9,484,235 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 19,296,009 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 28,780,244 | ||||
Shopping Center [Member] | Dania Pointe Phase II [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1],[2] | 220,170,209 | |||
LAND | [2] | 220,170,209 | |||
BUILDING AND IMPROVEMENTS | 0 | ||||
The company's investment | [2] | 220,170,209 | |||
ACCUMULATED DEPRECIATION | 0 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | [2] | 220,170,209 | |||
ENCUMBRANCES | 0 | ||||
TOTAL | [2] | 220,170,209 | |||
Shopping Center [Member] | Hawthorn Hills Square [Member] | |||||
INITIAL COST LAND | 6,783,928 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 33,033,624 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 3,243,517 | |||
LAND | 6,783,928 | ||||
BUILDING AND IMPROVEMENTS | 36,277,141 | ||||
The company's investment | 43,061,069 | ||||
ACCUMULATED DEPRECIATION | 9,571,068 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 33,490,001 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 43,061,069 | ||||
Shopping Center [Member] | Shawan Plaza [Member] | |||||
INITIAL COST LAND | 4,466,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 20,222,367 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 30,616 | |||
LAND | 4,466,000 | ||||
BUILDING AND IMPROVEMENTS | 20,252,983 | ||||
The company's investment | 24,718,983 | ||||
ACCUMULATED DEPRECIATION | 12,381,043 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 12,337,940 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 24,718,983 | ||||
Shopping Center [Member] | Central Plaza [Member] | |||||
INITIAL COST LAND | 3,170,465 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 10,602,845 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 34,941 | |||
LAND | 5,145,167 | ||||
BUILDING AND IMPROVEMENTS | 8,663,084 | ||||
The company's investment | 13,808,251 | ||||
ACCUMULATED DEPRECIATION | 2,647,579 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 11,160,672 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 13,808,251 | ||||
Shopping Center [Member] | Manhasset Center [Member] | |||||
INITIAL COST LAND | 4,567,003 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 19,165,808 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 31,678,891 | |||
LAND | 3,471,939 | ||||
BUILDING AND IMPROVEMENTS | 51,939,763 | ||||
The company's investment | 55,411,702 | ||||
ACCUMULATED DEPRECIATION | 27,124,630 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 28,287,072 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 55,411,702 | ||||
Shopping Center [Member] | Springfield S.C. [Member] | |||||
INITIAL COST LAND | 919,998 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,981,589 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 13,139,952 | |||
LAND | 920,000 | ||||
BUILDING AND IMPROVEMENTS | 18,121,539 | ||||
The company's investment | 19,041,539 | ||||
ACCUMULATED DEPRECIATION | 10,902,022 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 8,139,517 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 19,041,539 | ||||
Shopping Center [Member] | Mesa Riverview [Member] | |||||
INITIAL COST LAND | 15,000,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 143,355,726 | |||
LAND | 307,992 | ||||
BUILDING AND IMPROVEMENTS | 158,047,734 | ||||
The company's investment | 158,355,726 | ||||
ACCUMULATED DEPRECIATION | 64,312,335 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 94,043,391 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 158,355,726 | ||||
Shopping Center [Member] | Redwood City Plaza [Member] | |||||
INITIAL COST LAND | 2,552,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,215,168 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 5,942,958 | |||
LAND | 2,552,000 | ||||
BUILDING AND IMPROVEMENTS | 12,158,126 | ||||
The company's investment | 14,710,126 | ||||
ACCUMULATED DEPRECIATION | 2,223,780 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 12,486,346 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 14,710,126 | ||||
Shopping Center [Member] | Ft. Lauderdale/Cypress Creek [Member] | |||||
INITIAL COST LAND | 14,258,760 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 28,042,390 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 3,348,067 | |||
LAND | 14,258,760 | ||||
BUILDING AND IMPROVEMENTS | 31,390,457 | ||||
The company's investment | 45,649,217 | ||||
ACCUMULATED DEPRECIATION | 10,756,266 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 34,892,951 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 45,649,217 | ||||
Shopping Center [Member] | Linwood Square [Member] | |||||
INITIAL COST LAND | 3,411,037 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 8,686,773 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 43,397 | |||
LAND | 3,411,037 | ||||
BUILDING AND IMPROVEMENTS | 8,730,170 | ||||
The company's investment | 12,141,207 | ||||
ACCUMULATED DEPRECIATION | 45,531 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 12,095,676 | ||||
ENCUMBRANCES | [3] | 5,366,055 | |||
TOTAL | 12,141,207 | ||||
Shopping Center [Member] | Laurel Plaza [Member] | |||||
INITIAL COST LAND | 349,562 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,398,250 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 5,257,691 | |||
LAND | 1,571,288 | ||||
BUILDING AND IMPROVEMENTS | 5,434,215 | ||||
The company's investment | 7,005,503 | ||||
ACCUMULATED DEPRECIATION | 2,351,484 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 4,654,019 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 7,005,503 | ||||
Shopping Center [Member] | East Windsor Village [Member] | |||||
INITIAL COST LAND | 9,335,011 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 23,777,978 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 249,699 | |||
LAND | 9,335,011 | ||||
BUILDING AND IMPROVEMENTS | 24,027,677 | ||||
The company's investment | 33,362,688 | ||||
ACCUMULATED DEPRECIATION | 7,442,802 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 25,919,886 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 33,362,688 | ||||
Shopping Center [Member] | Manhasset Center (Residential) [Member] | |||||
INITIAL COST LAND | 950,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 0 | ||||
LAND | 950,000 | ||||
BUILDING AND IMPROVEMENTS | 0 | ||||
The company's investment | 950,000 | ||||
ACCUMULATED DEPRECIATION | 0 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 950,000 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 950,000 | ||||
Shopping Center [Member] | Shrewsbury Square S.C. [Member] | |||||
INITIAL COST LAND | 8,066,107 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 16,997,997 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (2,115,840) | |||
LAND | 6,171,638 | ||||
BUILDING AND IMPROVEMENTS | 16,776,626 | ||||
The company's investment | 22,948,264 | ||||
ACCUMULATED DEPRECIATION | 2,993,529 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 19,954,735 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 22,948,264 | ||||
Shopping Center [Member] | Metro Square [Member] | |||||
INITIAL COST LAND | 4,101,017 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 16,410,632 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,302,017 | |||
LAND | 4,101,017 | ||||
BUILDING AND IMPROVEMENTS | 18,712,649 | ||||
The company's investment | 22,813,666 | ||||
ACCUMULATED DEPRECIATION | 9,876,683 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 12,936,983 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 22,813,666 | ||||
Shopping Center [Member] | Stanford Ranch [Member] | |||||
INITIAL COST LAND | 10,583,764 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 30,007,231 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,825,590 | |||
LAND | 9,982,626 | ||||
BUILDING AND IMPROVEMENTS | 33,433,959 | ||||
The company's investment | 43,416,585 | ||||
ACCUMULATED DEPRECIATION | 5,229,353 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 38,187,232 | ||||
ENCUMBRANCES | [3] | 13,021,617 | |||
TOTAL | 43,416,585 | ||||
Shopping Center [Member] | Homestead-Wachtel Land Lease [Member] | |||||
INITIAL COST LAND | 150,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 0 | ||||
LAND | 150,000 | ||||
BUILDING AND IMPROVEMENTS | 0 | ||||
The company's investment | 150,000 | ||||
ACCUMULATED DEPRECIATION | 0 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 150,000 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 150,000 | ||||
Shopping Center [Member] | Greenwood S.C. [Member] | |||||
INITIAL COST LAND | 423,371 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,883,421 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 20,567,821 | |||
LAND | 1,640,748 | ||||
BUILDING AND IMPROVEMENTS | 21,233,865 | ||||
The company's investment | 22,874,613 | ||||
ACCUMULATED DEPRECIATION | 3,727,289 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 19,147,324 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 22,874,613 | ||||
Shopping Center [Member] | Laurel Plaza 2 [Member] | |||||
INITIAL COST LAND | 274,580 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,100,968 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 173,969 | |||
LAND | 274,580 | ||||
BUILDING AND IMPROVEMENTS | 1,274,937 | ||||
The company's investment | 1,549,517 | ||||
ACCUMULATED DEPRECIATION | 1,207,785 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 341,732 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 1,549,517 | ||||
Shopping Center [Member] | Holmdel Towne Center [Member] | |||||
INITIAL COST LAND | 10,824,624 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 43,301,494 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 10,776,136 | |||
LAND | 10,824,624 | ||||
BUILDING AND IMPROVEMENTS | 54,077,630 | ||||
The company's investment | 64,902,254 | ||||
ACCUMULATED DEPRECIATION | 23,625,835 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 41,276,419 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 64,902,254 | ||||
Shopping Center [Member] | Maspeth Queens-Duane Reade [Member] | |||||
INITIAL COST LAND | 1,872,013 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,827,940 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,036,886 | |||
LAND | 1,872,013 | ||||
BUILDING AND IMPROVEMENTS | 5,864,826 | ||||
The company's investment | 7,736,839 | ||||
ACCUMULATED DEPRECIATION | 2,267,372 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,469,467 | ||||
ENCUMBRANCES | [3] | 1,733,522 | |||
TOTAL | 7,736,839 | ||||
Shopping Center [Member] | Whitehall Mall [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 5,195,577 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 0 | ||||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 5,195,577 | ||||
The company's investment | 5,195,577 | ||||
ACCUMULATED DEPRECIATION | 3,108,466 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,087,111 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 5,195,577 | ||||
Shopping Center [Member] | Plaza Del Sol [Member] | |||||
INITIAL COST LAND | 5,324,501 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 21,269,943 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,600,778 | |||
LAND | 4,577,869 | ||||
BUILDING AND IMPROVEMENTS | 23,617,353 | ||||
The company's investment | 28,195,222 | ||||
ACCUMULATED DEPRECIATION | 9,771,579 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 18,423,643 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 28,195,222 | ||||
Shopping Center [Member] | Crocker Ranch [Member] | |||||
INITIAL COST LAND | 7,526,146 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 24,877,611 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 104,542 | |||
LAND | 7,526,146 | ||||
BUILDING AND IMPROVEMENTS | 24,982,153 | ||||
The company's investment | 32,508,299 | ||||
ACCUMULATED DEPRECIATION | 3,987,122 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 28,521,177 | ||||
ENCUMBRANCES | [3] | 8,766,823 | |||
TOTAL | 32,508,299 | ||||
Shopping Center [Member] | Oakwood Plaza North [Member] | |||||
INITIAL COST LAND | 35,300,961 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 141,731,019 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (247,550) | |||
LAND | 35,300,961 | ||||
BUILDING AND IMPROVEMENTS | 141,483,469 | ||||
The company's investment | 176,784,430 | ||||
ACCUMULATED DEPRECIATION | 18,280,715 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 158,503,715 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 176,784,430 | ||||
Shopping Center [Member] | Abington Plaza [Member] | |||||
INITIAL COST LAND | 10,457,183 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 494,652 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 0 | ||||
LAND | 10,457,183 | ||||
BUILDING AND IMPROVEMENTS | 494,652 | ||||
The company's investment | 10,951,835 | ||||
ACCUMULATED DEPRECIATION | 190,036 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 10,761,799 | ||||
ENCUMBRANCES | [3] | 3,845,668 | |||
TOTAL | 10,951,835 | ||||
Shopping Center [Member] | Mill Station Theater/ Restaurants [Member] | |||||
INITIAL COST LAND | [2] | 23,378,543 | |||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,089,760 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (3,672,367) | |||
LAND | 14,737,597 | ||||
BUILDING AND IMPROVEMENTS | 6,058,339 | ||||
The company's investment | 20,795,936 | ||||
ACCUMULATED DEPRECIATION | 601,666 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 20,194,270 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 20,795,936 | ||||
Shopping Center [Member] | Commons at Holmdel [Member] | |||||
INITIAL COST LAND | 16,537,556 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 38,759,952 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 4,219,623 | |||
LAND | 16,537,556 | ||||
BUILDING AND IMPROVEMENTS | 42,979,575 | ||||
The company's investment | 59,517,131 | ||||
ACCUMULATED DEPRECIATION | 18,321,594 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 41,195,537 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 59,517,131 | ||||
Shopping Center [Member] | North Massapequa S.C. [Member] | |||||
INITIAL COST LAND | 1,880,816 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,388,549 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (1,964,468) | |||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 4,304,897 | ||||
The company's investment | 4,304,897 | ||||
ACCUMULATED DEPRECIATION | 4,304,897 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 0 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 4,304,897 | ||||
Shopping Center [Member] | Whole Foods at Wynnewood [Member] | |||||
INITIAL COST LAND | 15,042,165 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 11,784,771 | |||
LAND | 13,772,394 | ||||
BUILDING AND IMPROVEMENTS | 13,054,542 | ||||
The company's investment | 26,826,936 | ||||
ACCUMULATED DEPRECIATION | 848,449 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 25,978,487 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 26,826,936 | ||||
Shopping Center [Member] | Plaza at Mountainside [Member] | |||||
INITIAL COST LAND | 2,450,341 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 9,802,046 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,451,010 | |||
LAND | 2,450,341 | ||||
BUILDING AND IMPROVEMENTS | 12,253,056 | ||||
The company's investment | 14,703,397 | ||||
ACCUMULATED DEPRECIATION | 6,977,925 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,725,472 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 14,703,397 | ||||
Shopping Center [Member] | Home Depot Plaza [Member] | |||||
INITIAL COST LAND | 4,592,364 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 18,345,257 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 17,200 | |||
LAND | 4,592,364 | ||||
BUILDING AND IMPROVEMENTS | 18,362,457 | ||||
The company's investment | 22,954,821 | ||||
ACCUMULATED DEPRECIATION | 10,315,399 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 12,639,422 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 22,954,821 | ||||
Shopping Center [Member] | Oakwood Plaza South [Member] | |||||
INITIAL COST LAND | 11,126,609 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 40,592,103 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (66,541) | |||
LAND | 11,126,609 | ||||
BUILDING AND IMPROVEMENTS | 40,525,562 | ||||
The company's investment | 51,652,171 | ||||
ACCUMULATED DEPRECIATION | 5,587,292 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 46,064,879 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 51,652,171 | ||||
Shopping Center [Member] | Washington St. Plaza [Member] | |||||
INITIAL COST LAND | 11,007,593 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 5,652,368 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 9,648,118 | |||
LAND | 12,957,593 | ||||
BUILDING AND IMPROVEMENTS | 13,350,486 | ||||
The company's investment | 26,308,079 | ||||
ACCUMULATED DEPRECIATION | 2,690,296 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 23,617,783 | ||||
ENCUMBRANCES | [3] | 5,352,958 | |||
TOTAL | 26,308,079 | ||||
Shopping Center [Member] | Mill Station [Member] | |||||
INITIAL COST LAND | 21,320,924 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 61,182,938 | |||
LAND | 16,075,820 | ||||
BUILDING AND IMPROVEMENTS | 66,428,042 | ||||
The company's investment | 82,503,862 | ||||
ACCUMULATED DEPRECIATION | 0 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 82,503,862 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 82,503,862 | ||||
Shopping Center [Member] | Plaza at Hillsdale [Member] | |||||
INITIAL COST LAND | 7,601,596 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,994,196 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,564,519 | |||
LAND | 7,601,596 | ||||
BUILDING AND IMPROVEMENTS | 8,558,715 | ||||
The company's investment | 16,160,311 | ||||
ACCUMULATED DEPRECIATION | 1,728,385 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 14,431,926 | ||||
ENCUMBRANCES | [3] | 5,449,532 | |||
TOTAL | 16,160,311 | ||||
Shopping Center [Member] | Mineola Crossings [Member] | |||||
INITIAL COST LAND | 4,150,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 7,520,692 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 381,643 | |||
LAND | 4,150,000 | ||||
BUILDING AND IMPROVEMENTS | 7,902,335 | ||||
The company's investment | 12,052,335 | ||||
ACCUMULATED DEPRECIATION | 2,532,702 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 9,519,633 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 12,052,335 | ||||
Shopping Center [Member] | Shoppes at Wynnewood [Member] | |||||
INITIAL COST LAND | 7,478,907 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 3,591,425 | |||
LAND | 7,478,907 | ||||
BUILDING AND IMPROVEMENTS | 3,591,425 | ||||
The company's investment | 11,070,332 | ||||
ACCUMULATED DEPRECIATION | 321,184 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 10,749,148 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 11,070,332 | ||||
Shopping Center [Member] | Village Crossroads [Member] | |||||
INITIAL COST LAND | 5,662,554 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 24,981,223 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,265,298 | |||
LAND | 5,662,554 | ||||
BUILDING AND IMPROVEMENTS | 26,246,521 | ||||
The company's investment | 31,909,075 | ||||
ACCUMULATED DEPRECIATION | 6,323,449 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 25,585,626 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 31,909,075 | ||||
Shopping Center [Member] | Santee Trolley Square [Member] | |||||
INITIAL COST LAND | 40,208,683 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 62,963,757 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 411,257 | |||
LAND | 40,208,683 | ||||
BUILDING AND IMPROVEMENTS | 63,375,014 | ||||
The company's investment | 103,583,697 | ||||
ACCUMULATED DEPRECIATION | 17,986,945 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 85,596,752 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 103,583,697 | ||||
Shopping Center [Member] | Oakwood Business Ctr BDLG 1 [Member] | |||||
INITIAL COST LAND | 6,792,500 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 18,662,565 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 3,041,822 | |||
LAND | 6,792,500 | ||||
BUILDING AND IMPROVEMENTS | 21,704,387 | ||||
The company's investment | 28,496,887 | ||||
ACCUMULATED DEPRECIATION | 7,048,519 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 21,448,368 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 28,496,887 | ||||
Shopping Center [Member] | Memorial Plaza [Member] | |||||
INITIAL COST LAND | 16,411,388 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 27,553,908 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 966,332 | |||
LAND | 16,411,388 | ||||
BUILDING AND IMPROVEMENTS | 28,520,240 | ||||
The company's investment | 44,931,628 | ||||
ACCUMULATED DEPRECIATION | 4,481,485 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 40,450,143 | ||||
ENCUMBRANCES | [3] | 14,761,027 | |||
TOTAL | 44,931,628 | ||||
Shopping Center [Member] | Centre Court - Retail/Bank [Member] | |||||
INITIAL COST LAND | 1,035,359 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 7,785,830 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 139,567 | |||
LAND | 1,035,359 | ||||
BUILDING AND IMPROVEMENTS | 7,925,397 | ||||
The company's investment | 8,960,756 | ||||
ACCUMULATED DEPRECIATION | 1,601,160 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,359,596 | ||||
ENCUMBRANCES | [3] | 1,259,796 | |||
TOTAL | 8,960,756 | ||||
Shopping Center [Member] | Maple Shade [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 9,957,611 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,247,570 | |||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 12,205,181 | ||||
The company's investment | 12,205,181 | ||||
ACCUMULATED DEPRECIATION | 3,154,532 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 9,050,649 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 12,205,181 | ||||
Shopping Center [Member] | Smithtown Plaza [Member] | |||||
INITIAL COST LAND | 3,528,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 7,364,098 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 553,338 | |||
LAND | 3,528,000 | ||||
BUILDING AND IMPROVEMENTS | 7,917,436 | ||||
The company's investment | 11,445,436 | ||||
ACCUMULATED DEPRECIATION | 3,300,345 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 8,145,091 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 11,445,436 | ||||
Shopping Center [Member] | Rexville Town Center [Member] | |||||
INITIAL COST LAND | 24,872,982 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 48,688,161 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 9,052,394 | |||
LAND | 25,678,064 | ||||
BUILDING AND IMPROVEMENTS | 56,935,473 | ||||
The company's investment | 82,613,537 | ||||
ACCUMULATED DEPRECIATION | 34,082,939 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 48,530,598 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 82,613,537 | ||||
Shopping Center [Member] | North Valley [Member] | |||||
INITIAL COST LAND | 6,861,564 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 18,200,901 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 6,082,402 | |||
LAND | 3,861,272 | ||||
BUILDING AND IMPROVEMENTS | 27,283,595 | ||||
The company's investment | 31,144,867 | ||||
ACCUMULATED DEPRECIATION | 5,595,396 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 25,549,471 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 31,144,867 | ||||
Shopping Center [Member] | San Diego Carmel Mountain [Member] | |||||
INITIAL COST LAND | 5,322,600 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 8,873,991 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 244,224 | |||
LAND | 5,322,600 | ||||
BUILDING AND IMPROVEMENTS | 9,118,215 | ||||
The company's investment | 14,440,815 | ||||
ACCUMULATED DEPRECIATION | 2,681,379 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 11,759,436 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 14,440,815 | ||||
Shopping Center [Member] | Kimco Avenues Walk, LLC [Member] | |||||
INITIAL COST LAND | 26,984,546 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (16,224,546) | |||
LAND | 10,760,000 | ||||
BUILDING AND IMPROVEMENTS | 0 | ||||
The company's investment | 10,760,000 | ||||
ACCUMULATED DEPRECIATION | 0 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 10,760,000 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 10,760,000 | ||||
Shopping Center [Member] | Main St. Plaza [Member] | |||||
INITIAL COST LAND | 555,898 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,139,494 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 0 | ||||
LAND | 555,898 | ||||
BUILDING AND IMPROVEMENTS | 2,139,494 | ||||
The company's investment | 2,695,392 | ||||
ACCUMULATED DEPRECIATION | 457,676 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,237,716 | ||||
ENCUMBRANCES | [3] | 1,216,922 | |||
TOTAL | 2,695,392 | ||||
Shopping Center [Member] | Centre Court - Giant [Member] | |||||
INITIAL COST LAND | 3,854,099 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 12,769,628 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 95,541 | |||
LAND | 3,854,099 | ||||
BUILDING AND IMPROVEMENTS | 12,865,169 | ||||
The company's investment | 16,719,268 | ||||
ACCUMULATED DEPRECIATION | 3,103,844 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 13,615,424 | ||||
ENCUMBRANCES | [3] | 4,987,211 | |||
TOTAL | 16,719,268 | ||||
Shopping Center [Member] | Plaza at Short Hills [Member] | |||||
INITIAL COST LAND | 20,155,471 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 11,061,984 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 741,742 | |||
LAND | 20,155,471 | ||||
BUILDING AND IMPROVEMENTS | 11,803,726 | ||||
The company's investment | 31,959,197 | ||||
ACCUMULATED DEPRECIATION | 2,720,127 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 29,239,070 | ||||
ENCUMBRANCES | [3] | 8,603,595 | |||
TOTAL | 31,959,197 | ||||
Shopping Center [Member] | Manetto Hill Plaza [Member] | |||||
INITIAL COST LAND | 263,693 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 584,031 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 11,067,210 | |||
LAND | 263,693 | ||||
BUILDING AND IMPROVEMENTS | 11,651,241 | ||||
The company's investment | 11,914,934 | ||||
ACCUMULATED DEPRECIATION | 7,066,502 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 4,848,432 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 11,914,934 | ||||
Shopping Center [Member] | Plaza Centro - Costco [Member] | |||||
INITIAL COST LAND | 3,627,973 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 10,752,213 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,573,414 | |||
LAND | 3,866,206 | ||||
BUILDING AND IMPROVEMENTS | 12,087,394 | ||||
The company's investment | 15,953,600 | ||||
ACCUMULATED DEPRECIATION | 7,023,953 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 8,929,647 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 15,953,600 | ||||
Shopping Center [Member] | Christown Spectrum Mall [Member] | |||||
INITIAL COST LAND | 33,831,348 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 91,004,070 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 18,373,348 | |||
LAND | 76,638,511 | ||||
BUILDING AND IMPROVEMENTS | 66,570,255 | ||||
The company's investment | 143,208,766 | ||||
ACCUMULATED DEPRECIATION | 14,743,804 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 128,464,962 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 143,208,766 | ||||
Shopping Center [Member] | Fulton Market Place [Member] | |||||
INITIAL COST LAND | 2,966,018 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,920,710 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 16,282,569 | |||
LAND | 6,279,753 | ||||
BUILDING AND IMPROVEMENTS | 19,889,544 | ||||
The company's investment | 26,169,297 | ||||
ACCUMULATED DEPRECIATION | 4,441,853 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 21,727,444 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 26,169,297 | ||||
Shopping Center [Member] | Avenues Walk [Member] | |||||
INITIAL COST LAND | 8,169,933 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 20,173,468 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (22,001,328) | |||
LAND | 1,724,923 | ||||
BUILDING AND IMPROVEMENTS | 4,617,150 | ||||
The company's investment | 6,342,073 | ||||
ACCUMULATED DEPRECIATION | 695,547 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,646,526 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 6,342,073 | ||||
Shopping Center [Member] | Morrissey Plaza [Member] | |||||
INITIAL COST LAND | 4,097,251 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,751,068 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (856,076) | |||
LAND | 4,097,251 | ||||
BUILDING AND IMPROVEMENTS | 2,894,992 | ||||
The company's investment | 6,992,243 | ||||
ACCUMULATED DEPRECIATION | 326,811 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 6,665,432 | ||||
ENCUMBRANCES | [3] | 2,788,169 | |||
TOTAL | 6,992,243 | ||||
Shopping Center [Member] | Centre Court - Old Court/Courtyard [Member] | |||||
INITIAL COST LAND | 2,279,177 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 5,284,577 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 34,036 | |||
LAND | 2,279,177 | ||||
BUILDING AND IMPROVEMENTS | 5,318,613 | ||||
The company's investment | 7,597,790 | ||||
ACCUMULATED DEPRECIATION | 1,215,445 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 6,382,345 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 7,597,790 | ||||
Shopping Center [Member] | North Brunswick Plaza [Member] | |||||
INITIAL COST LAND | 3,204,978 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 12,819,912 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 27,583,563 | |||
LAND | 3,204,978 | ||||
BUILDING AND IMPROVEMENTS | 40,403,475 | ||||
The company's investment | 43,608,453 | ||||
ACCUMULATED DEPRECIATION | 21,614,149 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 21,994,304 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 43,608,453 | ||||
Shopping Center [Member] | Syosset S.C. [Member] | |||||
INITIAL COST LAND | 106,655 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 76,197 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,090,616 | |||
LAND | 106,655 | ||||
BUILDING AND IMPROVEMENTS | 2,166,813 | ||||
The company's investment | 2,273,468 | ||||
ACCUMULATED DEPRECIATION | 1,214,338 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,059,130 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 2,273,468 | ||||
Shopping Center [Member] | Plaza Centro - Mall [Member] | |||||
INITIAL COST LAND | 19,873,263 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 58,719,179 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 12,064,119 | |||
LAND | 19,408,112 | ||||
BUILDING AND IMPROVEMENTS | 71,248,449 | ||||
The company's investment | 90,656,561 | ||||
ACCUMULATED DEPRECIATION | 36,097,806 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 54,558,755 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 90,656,561 | ||||
Shopping Center [Member] | Bell Camino Center [Member] | |||||
INITIAL COST LAND | 2,427,465 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,439,065 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 689,471 | |||
LAND | 2,427,465 | ||||
BUILDING AND IMPROVEMENTS | 7,128,536 | ||||
The company's investment | 9,556,001 | ||||
ACCUMULATED DEPRECIATION | 2,215,168 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,340,833 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 9,556,001 | ||||
Shopping Center [Member] | Black Mountain Village [Member] | |||||
INITIAL COST LAND | 4,678,015 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 11,913,344 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 964,215 | |||
LAND | 4,678,015 | ||||
BUILDING AND IMPROVEMENTS | 12,877,559 | ||||
The company's investment | 17,555,574 | ||||
ACCUMULATED DEPRECIATION | 5,059,703 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 12,495,871 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 17,555,574 | ||||
Shopping Center [Member] | Riverplace Shopping Ctr. [Member] | |||||
INITIAL COST LAND | 7,503,282 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 31,011,027 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,749,978 | |||
LAND | 7,200,050 | ||||
BUILDING AND IMPROVEMENTS | 33,064,237 | ||||
The company's investment | 40,264,287 | ||||
ACCUMULATED DEPRECIATION | 10,699,610 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 29,564,677 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 40,264,287 | ||||
Shopping Center [Member] | Glendale Square [Member] | |||||
INITIAL COST LAND | 4,698,891 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 7,141,090 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 276,270 | |||
LAND | 4,698,891 | ||||
BUILDING AND IMPROVEMENTS | 7,417,360 | ||||
The company's investment | 12,116,251 | ||||
ACCUMULATED DEPRECIATION | 1,533,969 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 10,582,282 | ||||
ENCUMBRANCES | [3] | 5,111,077 | |||
TOTAL | 12,116,251 | ||||
Shopping Center [Member] | Radcliffe Center [Member] | |||||
INITIAL COST LAND | 12,042,713 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 21,187,946 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 26,723 | |||
LAND | 12,042,713 | ||||
BUILDING AND IMPROVEMENTS | 21,214,669 | ||||
The company's investment | 33,257,382 | ||||
ACCUMULATED DEPRECIATION | 4,040,116 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 29,217,266 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 33,257,382 | ||||
Shopping Center [Member] | Piscataway Town Center [Member] | |||||
INITIAL COST LAND | 3,851,839 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 15,410,851 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,739,905 | |||
LAND | 3,851,839 | ||||
BUILDING AND IMPROVEMENTS | 17,150,756 | ||||
The company's investment | 21,002,595 | ||||
ACCUMULATED DEPRECIATION | 9,432,153 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 11,570,442 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 21,002,595 | ||||
Shopping Center [Member] | Richmond S.C. [Member] | |||||
INITIAL COST LAND | 2,280,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 9,027,951 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 21,469,643 | |||
LAND | 2,280,000 | ||||
BUILDING AND IMPROVEMENTS | 30,497,594 | ||||
The company's investment | 32,777,594 | ||||
ACCUMULATED DEPRECIATION | 15,094,149 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 17,683,445 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 32,777,594 | ||||
Shopping Center [Member] | Plaza Centro - Retail [Member] | |||||
INITIAL COST LAND | 5,935,566 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 16,509,748 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 3,089,515 | |||
LAND | 6,026,070 | ||||
BUILDING AND IMPROVEMENTS | 19,508,759 | ||||
The company's investment | 25,534,829 | ||||
ACCUMULATED DEPRECIATION | 10,022,485 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 15,512,344 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 25,534,829 | ||||
Shopping Center [Member] | BELL Camino-Safeway Parcel [Member] | |||||
INITIAL COST LAND | 1,104,233 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,574,035 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 0 | ||||
LAND | 1,104,233 | ||||
BUILDING AND IMPROVEMENTS | 4,574,035 | ||||
The company's investment | 5,678,268 | ||||
ACCUMULATED DEPRECIATION | 133,306 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,544,962 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 5,678,268 | ||||
Shopping Center [Member] | Rancho Penasquitos Towne Ctr I [Member] | |||||
INITIAL COST LAND | 14,851,595 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 20,342,165 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 728,359 | |||
LAND | 14,851,595 | ||||
BUILDING AND IMPROVEMENTS | 21,070,524 | ||||
The company's investment | 35,922,119 | ||||
ACCUMULATED DEPRECIATION | 3,463,773 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 32,458,346 | ||||
ENCUMBRANCES | [3] | 12,842,710 | |||
TOTAL | 35,922,119 | ||||
Shopping Center [Member] | Merchants Walk [Member] | |||||
INITIAL COST LAND | 2,580,816 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 10,366,090 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 7,229,782 | |||
LAND | 2,580,816 | ||||
BUILDING AND IMPROVEMENTS | 17,595,872 | ||||
The company's investment | 20,176,688 | ||||
ACCUMULATED DEPRECIATION | 9,916,015 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 10,260,673 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 20,176,688 | ||||
Shopping Center [Member] | Falmouth Plaza [Member] | |||||
INITIAL COST LAND | 2,361,071 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 13,065,817 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,303,452 | |||
LAND | 2,361,071 | ||||
BUILDING AND IMPROVEMENTS | 14,369,269 | ||||
The company's investment | 16,730,340 | ||||
ACCUMULATED DEPRECIATION | 2,534,330 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 14,196,010 | ||||
ENCUMBRANCES | [3] | 7,192,333 | |||
TOTAL | 16,730,340 | ||||
Shopping Center [Member] | Timonium Crossing [Member] | |||||
INITIAL COST LAND | 2,525,377 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 14,862,817 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 467,571 | |||
LAND | 2,525,377 | ||||
BUILDING AND IMPROVEMENTS | 15,330,388 | ||||
The company's investment | 17,855,765 | ||||
ACCUMULATED DEPRECIATION | 2,640,116 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 15,215,649 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 17,855,765 | ||||
Shopping Center [Member] | Ridgewood S.C. [Member] | |||||
INITIAL COST LAND | 450,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,106,566 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,241,414 | |||
LAND | 450,000 | ||||
BUILDING AND IMPROVEMENTS | 3,347,980 | ||||
The company's investment | 3,797,980 | ||||
ACCUMULATED DEPRECIATION | 1,926,707 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,871,273 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 3,797,980 | ||||
Shopping Center [Member] | Greenridge Plaza [Member] | |||||
INITIAL COST LAND | 2,940,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 11,811,964 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 7,448,048 | |||
LAND | 3,148,424 | ||||
BUILDING AND IMPROVEMENTS | 19,051,588 | ||||
The company's investment | 22,200,012 | ||||
ACCUMULATED DEPRECIATION | 9,066,807 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 13,133,205 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 22,200,012 | ||||
Shopping Center [Member] | Plaza Centro - Sam's Club [Member] | |||||
INITIAL COST LAND | 6,643,224 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 20,224,758 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,766,593 | |||
LAND | 6,520,090 | ||||
BUILDING AND IMPROVEMENTS | 23,114,485 | ||||
The company's investment | 29,634,575 | ||||
ACCUMULATED DEPRECIATION | 21,787,949 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,846,626 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 29,634,575 | ||||
Shopping Center [Member] | College Park Shopping Center [Member] | |||||
INITIAL COST LAND | 3,276,951 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 7,741,323 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,275,173 | |||
LAND | 3,276,951 | ||||
BUILDING AND IMPROVEMENTS | 9,016,496 | ||||
The company's investment | 12,293,447 | ||||
ACCUMULATED DEPRECIATION | 2,862,725 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 9,430,722 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 12,293,447 | ||||
Shopping Center [Member] | Rancho Penasquitos-Vons Prop. [Member] | |||||
INITIAL COST LAND | 2,917,963 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 9,145,905 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 0 | ||||
LAND | 2,917,963 | ||||
BUILDING AND IMPROVEMENTS | 9,145,905 | ||||
The company's investment | 12,063,868 | ||||
ACCUMULATED DEPRECIATION | 248,246 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 11,815,622 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 12,063,868 | ||||
Shopping Center [Member] | Center at Missouri Avenue [Member] | |||||
INITIAL COST LAND | 293,686 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 792,119 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 7,099,628 | |||
LAND | 293,686 | ||||
BUILDING AND IMPROVEMENTS | 7,891,747 | ||||
The company's investment | 8,185,433 | ||||
ACCUMULATED DEPRECIATION | 2,071,410 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 6,114,023 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 8,185,433 | ||||
Shopping Center [Member] | Waverly Plaza [Member] | |||||
INITIAL COST LAND | 1,215,005 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,622,911 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 312,795 | |||
LAND | 1,203,205 | ||||
BUILDING AND IMPROVEMENTS | 3,947,506 | ||||
The company's investment | 5,150,711 | ||||
ACCUMULATED DEPRECIATION | 841,633 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 4,309,078 | ||||
ENCUMBRANCES | [3] | 2,051,134 | |||
TOTAL | 5,150,711 | ||||
Shopping Center [Member] | Timonium Square [Member] | |||||
INITIAL COST LAND | 6,000,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 24,282,998 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 14,192,960 | |||
LAND | 7,331,195 | ||||
BUILDING AND IMPROVEMENTS | 37,144,763 | ||||
The company's investment | 44,475,958 | ||||
ACCUMULATED DEPRECIATION | 17,499,083 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 26,976,875 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 44,475,958 | ||||
Shopping Center [Member] | Union Crescent III [Member] | |||||
INITIAL COST LAND | 7,895,483 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,010,640 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 28,965,399 | |||
LAND | 8,696,579 | ||||
BUILDING AND IMPROVEMENTS | 31,174,943 | ||||
The company's investment | 39,871,522 | ||||
ACCUMULATED DEPRECIATION | 17,736,590 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 22,134,932 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 39,871,522 | ||||
Shopping Center [Member] | The Boulevard [Member] | |||||
INITIAL COST LAND | 28,723,536 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 38,232,267 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 143,859,701 | |||
LAND | 28,723,536 | ||||
BUILDING AND IMPROVEMENTS | 182,091,968 | ||||
The company's investment | 210,815,504 | ||||
ACCUMULATED DEPRECIATION | 14,518,223 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 196,297,281 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 210,815,504 | ||||
Shopping Center [Member] | Los Colobos - Builders Square [Member] | |||||
INITIAL COST LAND | 4,404,593 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 9,627,903 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,283,497 | |||
LAND | 4,461,145 | ||||
BUILDING AND IMPROVEMENTS | 10,854,848 | ||||
The company's investment | 15,315,993 | ||||
ACCUMULATED DEPRECIATION | 9,938,420 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,377,573 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 15,315,993 | ||||
Shopping Center [Member] | Costco Plaza - 541 [Member] | |||||
INITIAL COST LAND | 4,995,639 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 19,982,557 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 569,752 | |||
LAND | 4,995,639 | ||||
BUILDING AND IMPROVEMENTS | 20,552,309 | ||||
The company's investment | 25,547,948 | ||||
ACCUMULATED DEPRECIATION | 11,562,681 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 13,985,267 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 25,547,948 | ||||
Shopping Center [Member] | Rancho Penasquitos Towne Ctr II [Member] | |||||
INITIAL COST LAND | 12,944,972 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 20,323,961 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 728,718 | |||
LAND | 12,944,972 | ||||
BUILDING AND IMPROVEMENTS | 21,052,679 | ||||
The company's investment | 33,997,651 | ||||
ACCUMULATED DEPRECIATION | 3,472,979 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 30,524,672 | ||||
ENCUMBRANCES | [3] | 9,855,105 | |||
TOTAL | 33,997,651 | ||||
Shopping Center [Member] | Tri-City Plaza [Member] | |||||
INITIAL COST LAND | 2,832,296 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 11,329,185 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 21,442,891 | |||
LAND | 2,832,296 | ||||
BUILDING AND IMPROVEMENTS | 32,772,076 | ||||
The company's investment | 35,604,372 | ||||
ACCUMULATED DEPRECIATION | 5,532,131 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 30,072,241 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 35,604,372 | ||||
Shopping Center [Member] | Festival of Hyannis S.C. [Member] | |||||
INITIAL COST LAND | 15,038,197 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 40,682,853 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,115,022 | |||
LAND | 15,038,197 | ||||
BUILDING AND IMPROVEMENTS | 42,797,875 | ||||
The company's investment | 57,836,072 | ||||
ACCUMULATED DEPRECIATION | 9,012,213 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 48,823,859 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 57,836,072 | ||||
Shopping Center [Member] | Towson Place [Member] | |||||
INITIAL COST LAND | 43,886,876 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 101,764,931 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 4,058,439 | |||
LAND | 43,270,792 | ||||
BUILDING AND IMPROVEMENTS | 106,439,454 | ||||
The company's investment | 149,710,246 | ||||
ACCUMULATED DEPRECIATION | 24,823,118 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 124,887,128 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 149,710,246 | ||||
Shopping Center [Member] | Westmont Plaza [Member] | |||||
INITIAL COST LAND | 601,655 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,404,604 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 13,669,028 | |||
LAND | 601,655 | ||||
BUILDING AND IMPROVEMENTS | 16,073,632 | ||||
The company's investment | 16,675,287 | ||||
ACCUMULATED DEPRECIATION | 7,625,888 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 9,049,399 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 16,675,287 | ||||
Shopping Center [Member] | Forest Avenue Plaza [Member] | |||||
INITIAL COST LAND | 4,558,592 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 10,441,408 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 731,386 | |||
LAND | 4,558,592 | ||||
BUILDING AND IMPROVEMENTS | 11,172,794 | ||||
The company's investment | 15,731,386 | ||||
ACCUMULATED DEPRECIATION | 4,256,254 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 11,475,132 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 15,731,386 | ||||
Shopping Center [Member] | Los Colobos - Kmart [Member] | |||||
INITIAL COST LAND | 4,594,944 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 10,120,147 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 789,782 | |||
LAND | 4,402,338 | ||||
BUILDING AND IMPROVEMENTS | 11,102,535 | ||||
The company's investment | 15,504,873 | ||||
ACCUMULATED DEPRECIATION | 10,061,131 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,443,742 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 15,504,873 | ||||
Shopping Center [Member] | Brookhurst Center [Member] | |||||
INITIAL COST LAND | 10,492,714 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 31,357,512 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 3,524,807 | |||
LAND | 22,299,852 | ||||
BUILDING AND IMPROVEMENTS | 23,075,181 | ||||
The company's investment | 45,375,033 | ||||
ACCUMULATED DEPRECIATION | 3,894,609 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 41,480,424 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 45,375,033 | ||||
Shopping Center [Member] | City Heights [Member] | |||||
INITIAL COST LAND | 10,687,472 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 28,324,896 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (676,206) | |||
LAND | 13,908,563 | ||||
BUILDING AND IMPROVEMENTS | 24,427,599 | ||||
The company's investment | 38,336,162 | ||||
ACCUMULATED DEPRECIATION | 4,541,708 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 33,794,454 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 38,336,162 | ||||
Shopping Center [Member] | Ft. Lauderdale #1, FL [Member] | |||||
INITIAL COST LAND | 1,002,733 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,602,415 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 15,896,939 | |||
LAND | 1,774,443 | ||||
BUILDING AND IMPROVEMENTS | 17,727,644 | ||||
The company's investment | 19,502,087 | ||||
ACCUMULATED DEPRECIATION | 10,597,404 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 8,904,683 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 19,502,087 | ||||
Shopping Center [Member] | Fellsway Plaza [Member] | |||||
INITIAL COST LAND | 5,300,388 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 11,013,543 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 764,656 | |||
LAND | 5,300,388 | ||||
BUILDING AND IMPROVEMENTS | 11,778,199 | ||||
The company's investment | 17,078,587 | ||||
ACCUMULATED DEPRECIATION | 1,745,026 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 15,333,561 | ||||
ENCUMBRANCES | [3] | 6,102,064 | |||
TOTAL | 17,078,587 | ||||
Shopping Center [Member] | Century Plaza [Member] | |||||
INITIAL COST LAND | 178,785 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 925,818 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 731,597 | |||
LAND | 95,905 | ||||
BUILDING AND IMPROVEMENTS | 1,740,295 | ||||
The company's investment | 1,836,200 | ||||
ACCUMULATED DEPRECIATION | 832,327 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,003,873 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 1,836,200 | ||||
Shopping Center [Member] | Willowbrook Plaza [Member] | |||||
INITIAL COST LAND | 15,320,436 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 40,996,874 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 10,547,715 | |||
LAND | 15,320,436 | ||||
BUILDING AND IMPROVEMENTS | 51,544,589 | ||||
The company's investment | 66,865,025 | ||||
ACCUMULATED DEPRECIATION | 8,361,323 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 58,503,702 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 66,865,025 | ||||
Shopping Center [Member] | Independence Plaza [Member] | |||||
INITIAL COST LAND | 12,279,093 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 34,813,852 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (458,904) | |||
LAND | 16,131,632 | ||||
BUILDING AND IMPROVEMENTS | 30,502,409 | ||||
The company's investment | 46,634,041 | ||||
ACCUMULATED DEPRECIATION | 7,329,258 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 39,304,783 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 46,634,041 | ||||
Shopping Center [Member] | Los Colobos I [Member] | |||||
INITIAL COST LAND | 12,890,882 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 26,046,669 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 5,215,237 | |||
LAND | 13,613,375 | ||||
BUILDING AND IMPROVEMENTS | 30,539,413 | ||||
The company's investment | 44,152,788 | ||||
ACCUMULATED DEPRECIATION | 17,236,568 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 26,916,220 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 44,152,788 | ||||
Shopping Center [Member] | Lakewood Plaza [Member] | |||||
INITIAL COST LAND | 1,294,176 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,669,266 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (3,445,611) | |||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 1,517,831 | ||||
The company's investment | 1,517,831 | ||||
ACCUMULATED DEPRECIATION | 727,962 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 789,869 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 1,517,831 | ||||
Shopping Center [Member] | Truckee Crossroads [Member] | |||||
INITIAL COST LAND | 2,140,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 28,324,896 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (18,556,146) | |||
LAND | 2,140,000 | ||||
BUILDING AND IMPROVEMENTS | 9,768,750 | ||||
The company's investment | 11,908,750 | ||||
ACCUMULATED DEPRECIATION | 5,931,012 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,977,738 | ||||
ENCUMBRANCES | [3] | 1,492,324 | |||
TOTAL | 11,908,750 | ||||
Shopping Center [Member] | NASA Plaza [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,754,000 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 3,628,604 | |||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 5,382,604 | ||||
The company's investment | 5,382,604 | ||||
ACCUMULATED DEPRECIATION | 4,033,444 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,349,160 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 5,382,604 | ||||
Shopping Center [Member] | North Quincy Plaza [Member] | |||||
INITIAL COST LAND | 6,332,542 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 17,954,110 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (601,375) | |||
LAND | 3,894,436 | ||||
BUILDING AND IMPROVEMENTS | 19,790,841 | ||||
The company's investment | 23,685,277 | ||||
ACCUMULATED DEPRECIATION | 3,222,927 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 20,462,350 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 23,685,277 | ||||
Shopping Center [Member] | The Fountains at Arbor Lakes [Member] | |||||
INITIAL COST LAND | 28,585,296 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 66,699,024 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 14,197,546 | |||
LAND | 29,485,296 | ||||
BUILDING AND IMPROVEMENTS | 79,996,570 | ||||
The company's investment | 109,481,866 | ||||
ACCUMULATED DEPRECIATION | 32,150,146 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 77,331,720 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 109,481,866 | ||||
Shopping Center [Member] | Del Monte Plaza [Member] | |||||
INITIAL COST LAND | 2,489,429 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 5,590,415 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 535,415 | |||
LAND | 2,210,000 | ||||
BUILDING AND IMPROVEMENTS | 6,405,259 | ||||
The company's investment | 8,615,259 | ||||
ACCUMULATED DEPRECIATION | 3,613,396 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,001,863 | ||||
ENCUMBRANCES | [3] | 1,657,182 | |||
TOTAL | 8,615,259 | ||||
Shopping Center [Member] | Key Food - Central Ave. [Member] | |||||
INITIAL COST LAND | 2,787,600 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,899,310 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (394,910) | |||
LAND | 2,603,321 | ||||
BUILDING AND IMPROVEMENTS | 6,688,679 | ||||
The company's investment | 9,292,000 | ||||
ACCUMULATED DEPRECIATION | 1,311,346 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,980,654 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 9,292,000 | ||||
Shopping Center [Member] | Los Colobos II [Member] | |||||
INITIAL COST LAND | 14,893,698 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 30,680,556 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 6,145,412 | |||
LAND | 15,142,300 | ||||
BUILDING AND IMPROVEMENTS | 36,577,366 | ||||
The company's investment | 51,719,666 | ||||
ACCUMULATED DEPRECIATION | 20,822,897 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 30,896,769 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 51,719,666 | ||||
Shopping Center [Member] | Madison Plaza [Member] | |||||
INITIAL COST LAND | 5,874,396 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 23,476,190 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,511,994 | |||
LAND | 5,874,396 | ||||
BUILDING AND IMPROVEMENTS | 25,988,184 | ||||
The company's investment | 31,862,580 | ||||
ACCUMULATED DEPRECIATION | 13,026,896 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 18,835,684 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 31,862,580 | ||||
Shopping Center [Member] | Gateway at Donner Pass [Member] | |||||
INITIAL COST LAND | 4,515,688 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 8,318,667 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 14,132,153 | |||
LAND | 8,759,279 | ||||
BUILDING AND IMPROVEMENTS | 18,207,229 | ||||
The company's investment | 26,966,508 | ||||
ACCUMULATED DEPRECIATION | 1,926,037 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 25,040,471 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 26,966,508 | ||||
Shopping Center [Member] | Grove Gates S.C. [Member] | |||||
INITIAL COST LAND | 365,893 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,049,172 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 792,700 | |||
LAND | 365,893 | ||||
BUILDING AND IMPROVEMENTS | 1,841,872 | ||||
The company's investment | 2,207,765 | ||||
ACCUMULATED DEPRECIATION | 1,612,685 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 595,080 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 2,207,765 | ||||
Shopping Center [Member] | Adams Plaza [Member] | |||||
INITIAL COST LAND | 2,089,363 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,226,648 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 20,048 | |||
LAND | 2,089,363 | ||||
BUILDING AND IMPROVEMENTS | 3,246,696 | ||||
The company's investment | 5,336,059 | ||||
ACCUMULATED DEPRECIATION | 623,192 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 4,712,867 | ||||
ENCUMBRANCES | [3] | 1,693,163 | |||
TOTAL | 5,336,059 | ||||
Shopping Center [Member] | Center Point S.C. [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 550,204 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 0 | ||||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 550,204 | ||||
The company's investment | 550,204 | ||||
ACCUMULATED DEPRECIATION | 550,203 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 550,204 | ||||
Shopping Center [Member] | Del Monte Plaza Anchor Parcel [Member] | |||||
INITIAL COST LAND | 6,512,745 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 17,599,602 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 135,899 | |||
LAND | 6,520,017 | ||||
BUILDING AND IMPROVEMENTS | 17,728,229 | ||||
The company's investment | 24,248,246 | ||||
ACCUMULATED DEPRECIATION | 1,542,524 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 22,705,722 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 24,248,246 | ||||
Shopping Center [Member] | White Plains S.C. [Member] | |||||
INITIAL COST LAND | 1,777,775 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,453,894 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,611,810 | |||
LAND | 1,777,775 | ||||
BUILDING AND IMPROVEMENTS | 7,065,704 | ||||
The company's investment | 8,843,479 | ||||
ACCUMULATED DEPRECIATION | 2,719,153 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 6,124,326 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 8,843,479 | ||||
Shopping Center [Member] | Western Plaza - Mayaquez One [Member] | |||||
INITIAL COST LAND | 10,857,773 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 12,252,522 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,528,575 | |||
LAND | 11,241,993 | ||||
BUILDING AND IMPROVEMENTS | 13,396,877 | ||||
The company's investment | 24,638,870 | ||||
ACCUMULATED DEPRECIATION | 10,229,309 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 14,409,561 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 24,638,870 | ||||
Shopping Center [Member] | Corona Hills Plaza [Member] | |||||
INITIAL COST LAND | 13,360,965 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 53,373,453 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 10,875,821 | |||
LAND | 13,360,965 | ||||
BUILDING AND IMPROVEMENTS | 64,249,274 | ||||
The company's investment | 77,610,239 | ||||
ACCUMULATED DEPRECIATION | 36,069,787 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 41,540,452 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 77,610,239 | ||||
Shopping Center [Member] | Westlake Shopping Center [Member] | |||||
INITIAL COST LAND | 16,174,307 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 64,818,562 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 103,332,384 | |||
LAND | 16,174,307 | ||||
BUILDING AND IMPROVEMENTS | 168,150,946 | ||||
The company's investment | 184,325,253 | ||||
ACCUMULATED DEPRECIATION | 61,003,852 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 123,321,401 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 184,325,253 | ||||
Shopping Center [Member] | Chevron Outparcel [Member] | |||||
INITIAL COST LAND | 530,570 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,253,410 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 0 | ||||
LAND | 530,570 | ||||
BUILDING AND IMPROVEMENTS | 1,253,410 | ||||
The company's investment | 1,783,980 | ||||
ACCUMULATED DEPRECIATION | 399,973 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,384,007 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 1,783,980 | ||||
Shopping Center [Member] | Broadway Plaza [Member] | |||||
INITIAL COST LAND | 6,485,065 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 343,422 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 0 | ||||
LAND | 6,485,065 | ||||
BUILDING AND IMPROVEMENTS | 343,422 | ||||
The company's investment | 6,828,487 | ||||
ACCUMULATED DEPRECIATION | 143,268 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 6,685,219 | ||||
ENCUMBRANCES | [3] | 2,598,411 | |||
TOTAL | 6,828,487 | ||||
Shopping Center [Member] | Woodlawn Marketplace [Member] | |||||
INITIAL COST LAND | 919,251 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,570,981 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,740,450 | |||
LAND | 919,251 | ||||
BUILDING AND IMPROVEMENTS | 6,311,431 | ||||
The company's investment | 7,230,682 | ||||
ACCUMULATED DEPRECIATION | 4,056,057 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 3,174,625 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 7,230,682 | ||||
Shopping Center [Member] | Redfield Promenade [Member] | |||||
INITIAL COST LAND | 4,415,339 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 32,035,192 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 724,982 | |||
LAND | 4,415,339 | ||||
BUILDING AND IMPROVEMENTS | 32,760,174 | ||||
The company's investment | 37,175,513 | ||||
ACCUMULATED DEPRECIATION | 7,946,397 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 29,229,116 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 37,175,513 | ||||
Shopping Center [Member] | Champion Food Supermarket [Member[ | |||||
INITIAL COST LAND | 757,500 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,874,813 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (24,388) | |||
LAND | 2,241,118 | ||||
BUILDING AND IMPROVEMENTS | 366,807 | ||||
The company's investment | 2,607,925 | ||||
ACCUMULATED DEPRECIATION | 188,665 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,419,260 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 2,607,925 | ||||
Shopping Center [Member] | Western Plaza - Mayaguez Two [Member] | |||||
INITIAL COST LAND | 16,874,345 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 19,911,045 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 4,301,304 | |||
LAND | 16,872,647 | ||||
BUILDING AND IMPROVEMENTS | 24,214,047 | ||||
The company's investment | 41,086,694 | ||||
ACCUMULATED DEPRECIATION | 17,186,095 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 23,900,599 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 41,086,694 | ||||
Shopping Center [Member] | The 280 Metro Center [Member] | |||||
INITIAL COST LAND | 38,734,566 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 94,903,403 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 267,577 | |||
LAND | 38,734,566 | ||||
BUILDING AND IMPROVEMENTS | 95,170,980 | ||||
The company's investment | 133,905,546 | ||||
ACCUMULATED DEPRECIATION | 13,194,581 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 120,710,965 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 133,905,546 | ||||
Shopping Center [Member] | Lakewood Village [Member] | |||||
INITIAL COST LAND | 8,597,100 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 24,374,615 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (870,415) | |||
LAND | 11,683,364 | ||||
BUILDING AND IMPROVEMENTS | 20,417,936 | ||||
The company's investment | 32,101,300 | ||||
ACCUMULATED DEPRECIATION | 4,854,875 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 27,246,425 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 32,101,300 | ||||
Shopping Center [Member] | Ives Dairy Crossing [Member] | |||||
INITIAL COST LAND | 732,914 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,080,460 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 11,481,385 | |||
LAND | 720,852 | ||||
BUILDING AND IMPROVEMENTS | 15,573,907 | ||||
The company's investment | 16,294,759 | ||||
ACCUMULATED DEPRECIATION | 10,101,875 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 6,192,884 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 16,294,759 | ||||
Shopping Center [Member] | Vinnin Square Plaza [Member] | |||||
INITIAL COST LAND | 5,545,425 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 16,324,060 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 30,357 | |||
LAND | 5,545,425 | ||||
BUILDING AND IMPROVEMENTS | 16,354,417 | ||||
The company's investment | 21,899,842 | ||||
ACCUMULATED DEPRECIATION | 3,856,485 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 18,043,357 | ||||
ENCUMBRANCES | [3] | 8,118,542 | |||
TOTAL | 21,899,842 | ||||
Shopping Center [Member] | Tyvola Mall [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,736,345 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 8,378,073 | |||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 13,114,418 | ||||
The company's investment | 13,114,418 | ||||
ACCUMULATED DEPRECIATION | 9,792,167 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 3,322,251 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 13,114,418 | ||||
Shopping Center [Member] | McQueen Crossings [Member] | |||||
INITIAL COST LAND | 5,017,431 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 20,779,024 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 326,357 | |||
LAND | 5,017,431 | ||||
BUILDING AND IMPROVEMENTS | 21,105,381 | ||||
The company's investment | 26,122,812 | ||||
ACCUMULATED DEPRECIATION | 5,030,679 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 21,092,133 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 26,122,812 | ||||
Shopping Center [Member] | Shoprite S.C. [Member] | |||||
INITIAL COST LAND | 871,977 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,487,909 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 0 | ||||
LAND | 871,977 | ||||
BUILDING AND IMPROVEMENTS | 3,487,909 | ||||
The company's investment | 4,359,886 | ||||
ACCUMULATED DEPRECIATION | 2,420,656 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,939,230 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 4,359,886 | ||||
Shopping Center [Member] | Manati Villa Maria SC [Member] | |||||
INITIAL COST LAND | 2,781,447 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 5,673,119 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,094,131 | |||
LAND | 2,606,588 | ||||
BUILDING AND IMPROVEMENTS | 7,942,109 | ||||
The company's investment | 10,548,697 | ||||
ACCUMULATED DEPRECIATION | 4,525,240 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 6,023,457 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 10,548,697 | ||||
Shopping Center [Member] | Laband Village Shopping Center [Member] | |||||
INITIAL COST LAND | 5,600,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 13,289,347 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (858,589) | |||
LAND | 5,607,237 | ||||
BUILDING AND IMPROVEMENTS | 12,423,521 | ||||
The company's investment | 18,030,758 | ||||
ACCUMULATED DEPRECIATION | 6,418,166 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 11,612,592 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 18,030,758 | ||||
Shopping Center [Member] | Whittwood Town Center [Member] | |||||
INITIAL COST LAND | 57,135,695 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 105,814,560 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,249,451 | |||
LAND | 57,138,906 | ||||
BUILDING AND IMPROVEMENTS | 108,060,800 | ||||
The company's investment | 165,199,706 | ||||
ACCUMULATED DEPRECIATION | 12,185,715 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 153,013,991 | ||||
ENCUMBRANCES | [3] | 43,665,459 | |||
TOTAL | 165,199,706 | ||||
Shopping Center [Member] | Miller Road S.C. [Member] | |||||
INITIAL COST LAND | 1,138,082 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,552,327 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 4,653,437 | |||
LAND | 1,138,082 | ||||
BUILDING AND IMPROVEMENTS | 9,205,764 | ||||
The company's investment | 10,343,846 | ||||
ACCUMULATED DEPRECIATION | 6,117,126 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 4,226,720 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 10,343,846 | ||||
Shopping Center [Member] | Paradise Plaza [Member] | |||||
INITIAL COST LAND | 4,183,038 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 12,194,885 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 1,637,923 | ||||
LAND | 4,183,038 | ||||
BUILDING AND IMPROVEMENTS | 13,832,808 | ||||
The company's investment | 18,015,846 | ||||
ACCUMULATED DEPRECIATION | 2,974,790 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 15,041,056 | ||||
ENCUMBRANCES | [3] | 7,845,921 | |||
TOTAL | 18,015,846 | ||||
Shopping Center [Member] | Crossroads Plaza [Member] | |||||
INITIAL COST LAND | 767,864 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,098,881 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 1,233,350 | ||||
LAND | 767,864 | ||||
BUILDING AND IMPROVEMENTS | 4,332,231 | ||||
The company's investment | 5,100,095 | ||||
ACCUMULATED DEPRECIATION | 2,084,338 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 3,015,757 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 5,100,095 | ||||
Shopping Center [Member] | Galena Junction [Member] | |||||
INITIAL COST LAND | 8,931,027 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 17,503,387 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 223,293 | ||||
LAND | 8,931,027 | ||||
BUILDING AND IMPROVEMENTS | 17,726,680 | ||||
The company's investment | 26,657,707 | ||||
ACCUMULATED DEPRECIATION | 3,682,910 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 22,974,797 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 26,657,707 | ||||
Shopping Center [Member] | Romaine Plaza [Member] | |||||
INITIAL COST LAND | 782,459 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,825,737 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 588,133 | ||||
LAND | 782,459 | ||||
BUILDING AND IMPROVEMENTS | 2,413,870 | ||||
The company's investment | 3,196,329 | ||||
ACCUMULATED DEPRECIATION | 870,113 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,326,216 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 3,196,329 | ||||
Shopping Center [Member] | Ponce Town Center [Member] | |||||
INITIAL COST LAND | 14,432,778 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 28,448,754 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 5,768,656 | |||
LAND | 14,903,024 | ||||
BUILDING AND IMPROVEMENTS | 33,747,164 | ||||
The company's investment | 48,650,188 | ||||
ACCUMULATED DEPRECIATION | 19,949,200 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 28,700,988 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 48,650,188 | ||||
Shopping Center [Member] | Cupertino Village [Member] | |||||
INITIAL COST LAND | 19,886,099 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 46,534,919 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 26,582,719 | |||
LAND | 19,886,099 | ||||
BUILDING AND IMPROVEMENTS | 73,117,638 | ||||
The company's investment | 93,003,737 | ||||
ACCUMULATED DEPRECIATION | 22,253,195 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 70,750,542 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 93,003,737 | ||||
Shopping Center [Member] | Village on the Park [Member] | |||||
INITIAL COST LAND | 2,194,463 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 8,885,987 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 16,704,873 | |||
LAND | 3,018,391 | ||||
BUILDING AND IMPROVEMENTS | 24,766,932 | ||||
The company's investment | 27,785,323 | ||||
ACCUMULATED DEPRECIATION | 6,314,280 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 21,471,043 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 27,785,323 | ||||
Shopping Center [Member] | Kendale Lakes Plaza [Member] | |||||
INITIAL COST LAND | 18,491,461 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 28,496,001 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (1,055,271) | |||
LAND | 15,362,227 | ||||
BUILDING AND IMPROVEMENTS | 30,569,964 | ||||
The company's investment | 45,932,191 | ||||
ACCUMULATED DEPRECIATION | 8,641,957 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 37,290,234 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 45,932,191 | ||||
Shopping Center [Member] | Belmont Plaza [Member] | |||||
INITIAL COST LAND | 11,104,983 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 848,844 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 0 | ||||
LAND | 11,104,983 | ||||
BUILDING AND IMPROVEMENTS | 848,844 | ||||
The company's investment | 11,953,827 | ||||
ACCUMULATED DEPRECIATION | 238,518 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 11,715,309 | ||||
ENCUMBRANCES | [3] | 4,635,484 | |||
TOTAL | 11,953,827 | ||||
Shopping Center [Member] | Jetton Village Shoppes [Member] | |||||
INITIAL COST LAND | 3,875,224 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 10,292,231 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 493,876 | |||
LAND | 2,143,695 | ||||
BUILDING AND IMPROVEMENTS | 12,517,636 | ||||
The company's investment | 14,661,331 | ||||
ACCUMULATED DEPRECIATION | 2,816,709 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 11,844,622 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 14,661,331 | ||||
Shopping Center [Member] | D'Andrea Marketplace [Member] | |||||
INITIAL COST LAND | 11,556,067 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 29,435,364 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 564,122 | |||
LAND | 11,556,067 | ||||
BUILDING AND IMPROVEMENTS | 29,999,486 | ||||
The company's investment | 41,555,553 | ||||
ACCUMULATED DEPRECIATION | 9,693,650 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 31,861,903 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 41,555,553 | ||||
Shopping Center [Member] | Oregon Trail Center [Member] | |||||
INITIAL COST LAND | 5,802,422 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 12,622,879 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 556,817 | |||
LAND | 5,802,422 | ||||
BUILDING AND IMPROVEMENTS | 13,179,696 | ||||
The company's investment | 18,982,118 | ||||
ACCUMULATED DEPRECIATION | 5,401,640 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 13,580,478 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 18,982,118 | ||||
Shopping Center [Member] | Trujillo Alto Plaza [Member] | |||||
INITIAL COST LAND | 12,053,673 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 24,445,858 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 4,160,691 | |||
LAND | 12,289,288 | ||||
BUILDING AND IMPROVEMENTS | 28,370,934 | ||||
The company's investment | 40,660,222 | ||||
ACCUMULATED DEPRECIATION | 16,191,666 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 24,468,556 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 40,660,222 | ||||
Shopping Center [Member] | North County Plaza [Member] | |||||
INITIAL COST LAND | 10,205,305 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 28,934,219 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (490,889) | |||
LAND | 20,894,811 | ||||
BUILDING AND IMPROVEMENTS | 17,753,824 | ||||
The company's investment | 38,648,635 | ||||
ACCUMULATED DEPRECIATION | 4,168,260 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 34,480,375 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 38,648,635 | ||||
Shopping Center [Member] | Quincy Place S.C. [Member] | |||||
INITIAL COST LAND | 1,148,317 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,608,249 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,568,067 | |||
LAND | 1,148,317 | ||||
BUILDING AND IMPROVEMENTS | 7,176,316 | ||||
The company's investment | 8,324,633 | ||||
ACCUMULATED DEPRECIATION | 3,734,528 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 4,590,105 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 8,324,633 | ||||
Shopping Center [Member] | Miller West Plaza [Member] | |||||
INITIAL COST LAND | 6,725,660 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 10,661,419 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 262,552 | |||
LAND | 6,725,660 | ||||
BUILDING AND IMPROVEMENTS | 10,923,971 | ||||
The company's investment | 17,649,631 | ||||
ACCUMULATED DEPRECIATION | 1,881,268 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 15,768,363 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 17,649,631 | ||||
Shopping Center [Member] | Vinnin Square In-line [Member] | |||||
INITIAL COST LAND | 582,228 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,094,560 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (38,716) | |||
LAND | 582,228 | ||||
BUILDING AND IMPROVEMENTS | 2,055,844 | ||||
The company's investment | 2,638,072 | ||||
ACCUMULATED DEPRECIATION | 325,114 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,312,958 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 2,638,072 | ||||
Shopping Center [Member] | Mountain Island Marketplace [Member] | |||||
INITIAL COST LAND | 3,318,587 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 7,331,413 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 702,336 | |||
LAND | 3,818,587 | ||||
BUILDING AND IMPROVEMENTS | 7,533,749 | ||||
The company's investment | 11,352,336 | ||||
ACCUMULATED DEPRECIATION | 1,700,111 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 9,652,225 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 11,352,336 | ||||
Shopping Center [Member] | Sparks Mercantile [Member] | |||||
INITIAL COST LAND | 6,221,614 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 17,069,172 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 137,785 | |||
LAND | 6,221,614 | ||||
BUILDING AND IMPROVEMENTS | 17,206,957 | ||||
The company's investment | 23,428,571 | ||||
ACCUMULATED DEPRECIATION | 3,508,976 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 19,919,595 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 23,428,571 | ||||
Shopping Center [Member] | Jantzen Beach Center [Member] | |||||
INITIAL COST LAND | 57,575,244 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 102,844,429 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 356,274 | |||
LAND | 57,588,287 | ||||
BUILDING AND IMPROVEMENTS | 103,187,660 | ||||
The company's investment | 160,775,947 | ||||
ACCUMULATED DEPRECIATION | 11,112,219 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 149,663,728 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 160,775,947 | ||||
Shopping Center [Member] | St. Andrews Center [Member] | |||||
INITIAL COST LAND | 730,164 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,132,092 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 19,228,255 | |||
LAND | 730,164 | ||||
BUILDING AND IMPROVEMENTS | 22,360,347 | ||||
The company's investment | 23,090,511 | ||||
ACCUMULATED DEPRECIATION | 11,976,196 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 11,114,315 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 23,090,511 | ||||
Shopping Center [Member] | Chico Crossroads [Member] | |||||
INITIAL COST LAND | 9,975,810 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 30,534,524 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (5,581,834) | |||
LAND | 9,985,652 | ||||
BUILDING AND IMPROVEMENTS | 24,942,848 | ||||
The company's investment | 34,928,500 | ||||
ACCUMULATED DEPRECIATION | 10,428,979 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 24,499,521 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 34,928,500 | ||||
Shopping Center [Member] | East Bank S.C. [Member] | |||||
INITIAL COST LAND | 1,500,568 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,180,103 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 4,613,710 | |||
LAND | 1,500,568 | ||||
BUILDING AND IMPROVEMENTS | 10,793,813 | ||||
The company's investment | 12,294,381 | ||||
ACCUMULATED DEPRECIATION | 4,180,188 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 8,114,193 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 12,294,381 | ||||
Shopping Center [Member] | Corsica Square S.C. [Member] | |||||
INITIAL COST LAND | 7,225,100 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 10,757,386 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 229,242 | |||
LAND | 7,225,100 | ||||
BUILDING AND IMPROVEMENTS | 10,986,628 | ||||
The company's investment | 18,211,728 | ||||
ACCUMULATED DEPRECIATION | 1,918,131 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 16,293,597 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 18,211,728 | ||||
Shopping Center [Member] | Linden Plaza [Member] | |||||
INITIAL COST LAND | 4,628,215 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,535,431 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 578,353 | |||
LAND | 4,628,215 | ||||
BUILDING AND IMPROVEMENTS | 4,113,784 | ||||
The company's investment | 8,741,999 | ||||
ACCUMULATED DEPRECIATION | 1,173,955 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,568,044 | ||||
ENCUMBRANCES | [3] | 3,192,283 | |||
TOTAL | 8,741,999 | ||||
Shopping Center [Member] | Woodlawn Shopping Center [Member] | |||||
INITIAL COST LAND | 2,010,725 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 5,833,626 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,093,863 | |||
LAND | 2,010,725 | ||||
BUILDING AND IMPROVEMENTS | 7,927,489 | ||||
The company's investment | 9,938,214 | ||||
ACCUMULATED DEPRECIATION | 1,746,407 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 8,191,807 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 9,938,214 | ||||
Shopping Center [Member] | Bridgehampton Commons - W&E Side [Member] | |||||
INITIAL COST LAND | 1,811,752 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,107,232 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 34,209,472 | |||
LAND | 1,858,188 | ||||
BUILDING AND IMPROVEMENTS | 37,270,268 | ||||
The company's investment | 39,128,456 | ||||
ACCUMULATED DEPRECIATION | 22,584,128 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 16,544,328 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 39,128,456 | ||||
Shopping Center [Member] | Suburban Square [Member] | |||||
INITIAL COST LAND | 70,679,871 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 166,351,381 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 66,736,035 | |||
LAND | 71,279,871 | ||||
BUILDING AND IMPROVEMENTS | 232,487,416 | ||||
The company's investment | 303,767,287 | ||||
ACCUMULATED DEPRECIATION | 55,876,122 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 247,891,165 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 303,767,287 | ||||
Shopping Center [Member] | Westwood Plaza [Member] | |||||
INITIAL COST LAND | 1,744,430 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,986,094 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 14,906,065 | |||
LAND | 1,726,833 | ||||
BUILDING AND IMPROVEMENTS | 21,909,756 | ||||
The company's investment | 23,636,589 | ||||
ACCUMULATED DEPRECIATION | 5,165,514 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 18,471,075 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 23,636,589 | ||||
Shopping Center [Member] | Creekside Center [Member] | |||||
INITIAL COST LAND | 3,870,823 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 11,562,580 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 179,527 | |||
LAND | 5,154,061 | ||||
BUILDING AND IMPROVEMENTS | 10,458,869 | ||||
The company's investment | 15,612,930 | ||||
ACCUMULATED DEPRECIATION | 1,455,396 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 14,157,534 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 15,612,930 | ||||
Shopping Center [Member] | Northridge Shopping Center [Member] | |||||
INITIAL COST LAND | 4,932,690 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 16,496,175 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,107,365 | |||
LAND | 8,934,385 | ||||
BUILDING AND IMPROVEMENTS | 14,601,845 | ||||
The company's investment | 23,536,230 | ||||
ACCUMULATED DEPRECIATION | 2,950,869 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 20,585,361 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 23,536,230 | ||||
Shopping Center [Member] | Flagler Park [Member] | |||||
INITIAL COST LAND | 26,162,980 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 80,737,041 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 5,890,698 | |||
LAND | 26,725,480 | ||||
BUILDING AND IMPROVEMENTS | 86,065,239 | ||||
The company's investment | 112,790,719 | ||||
ACCUMULATED DEPRECIATION | 26,385,431 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 86,405,288 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 112,790,719 | ||||
Shopping Center [Member] | North Ave. Plaza [Member] | |||||
INITIAL COST LAND | 1,163,875 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,194,673 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 23,933 | |||
LAND | 1,163,875 | ||||
BUILDING AND IMPROVEMENTS | 1,218,606 | ||||
The company's investment | 2,382,481 | ||||
ACCUMULATED DEPRECIATION | 318,197 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,064,284 | ||||
ENCUMBRANCES | [3] | 812,286 | |||
TOTAL | 2,382,481 | ||||
Shopping Center [Member] | Crossroads Plaza 2 [Member] | |||||
INITIAL COST LAND | 13,405,529 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 86,455,763 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (822,704) | |||
LAND | 13,405,529 | ||||
BUILDING AND IMPROVEMENTS | 85,633,059 | ||||
The company's investment | 99,038,588 | ||||
ACCUMULATED DEPRECIATION | 17,053,576 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 81,985,012 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 99,038,588 | ||||
Shopping Center [Member] | Ocean Plaza [Member] | |||||
INITIAL COST LAND | 564,097 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,268,768 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 19,003 | |||
LAND | 564,097 | ||||
BUILDING AND IMPROVEMENTS | 2,287,771 | ||||
The company's investment | 2,851,868 | ||||
ACCUMULATED DEPRECIATION | 978,043 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,873,825 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 2,851,868 | ||||
Shopping Center [Member] | Center Square Shopping Center [Member] | |||||
INITIAL COST LAND | 731,888 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,927,551 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,232,400 | |||
LAND | 691,297 | ||||
BUILDING AND IMPROVEMENTS | 4,200,542 | ||||
The company's investment | 4,891,839 | ||||
ACCUMULATED DEPRECIATION | 2,897,007 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,994,832 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 4,891,839 | ||||
Shopping Center [Member] | Woodruff Shopping Center [Member] | |||||
INITIAL COST LAND | 3,110,439 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 15,501,117 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,432,523 | |||
LAND | 3,465,199 | ||||
BUILDING AND IMPROVEMENTS | 16,578,880 | ||||
The company's investment | 20,044,079 | ||||
ACCUMULATED DEPRECIATION | 4,322,201 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 15,721,878 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 20,044,079 | ||||
Shopping Center [Member] | La Mirada Theatre Center [Member] | |||||
INITIAL COST LAND | 8,816,741 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (689,279) | |||
LAND | 6,888,680 | ||||
BUILDING AND IMPROVEMENTS | 36,498,747 | ||||
The company's investment | 43,387,427 | ||||
ACCUMULATED DEPRECIATION | 18,514,444 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 24,872,983 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 43,387,427 | ||||
Shopping Center [Member] | Denver West 38th Street [Member] | |||||
INITIAL COST LAND | 161,167 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 646,983 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 412,472 | |||
LAND | 161,167 | ||||
BUILDING AND IMPROVEMENTS | 1,059,455 | ||||
The company's investment | 1,220,622 | ||||
ACCUMULATED DEPRECIATION | 363,563 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 857,059 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 1,220,622 | ||||
Shopping Center [Member] | Parkhill Plaza [Member] | |||||
INITIAL COST LAND | 10,763,612 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 19,264,248 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 575,278 | |||
LAND | 10,763,612 | ||||
BUILDING AND IMPROVEMENTS | 19,839,526 | ||||
The company's investment | 30,603,138 | ||||
ACCUMULATED DEPRECIATION | 5,078,780 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 25,524,358 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 30,603,138 | ||||
Shopping Center [Member] | Washington St. S.C. [Member] | |||||
INITIAL COST LAND | 7,380,918 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 9,987,119 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,057,448 | |||
LAND | 7,380,918 | ||||
BUILDING AND IMPROVEMENTS | 12,044,567 | ||||
The company's investment | 19,425,485 | ||||
ACCUMULATED DEPRECIATION | 1,985,891 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 17,439,594 | ||||
ENCUMBRANCES | [3] | 5,563,436 | |||
TOTAL | 19,425,485 | ||||
Shopping Center [Member] | Quail Corners [Member] | |||||
INITIAL COST LAND | 7,318,321 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 26,675,644 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,932,338 | |||
LAND | 7,318,321 | ||||
BUILDING AND IMPROVEMENTS | 28,607,982 | ||||
The company's investment | 35,926,303 | ||||
ACCUMULATED DEPRECIATION | 4,694,476 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 31,231,827 | ||||
ENCUMBRANCES | [3] | 15,220,049 | |||
TOTAL | 35,926,303 | ||||
Shopping Center [Member] | Kings Highway [Member] | |||||
INITIAL COST LAND | 2,743,820 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,811,268 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,235,709 | |||
LAND | 2,743,820 | ||||
BUILDING AND IMPROVEMENTS | 9,046,977 | ||||
The company's investment | 11,790,797 | ||||
ACCUMULATED DEPRECIATION | 3,875,659 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,915,138 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 11,790,797 | ||||
Shopping Center [Member] | Wayne Plaza [Member] | |||||
INITIAL COST LAND | 6,127,623 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 15,605,012 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 657,984 | |||
LAND | 6,135,670 | ||||
BUILDING AND IMPROVEMENTS | 16,254,949 | ||||
The company's investment | 22,390,619 | ||||
ACCUMULATED DEPRECIATION | 5,417,332 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 16,973,287 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 22,390,619 | ||||
Shopping Center [Member] | Forest Park [Member] | |||||
INITIAL COST LAND | 1,920,241 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 9,544,875 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 346,991 | |||
LAND | 1,920,241 | ||||
BUILDING AND IMPROVEMENTS | 9,891,866 | ||||
The company's investment | 11,812,107 | ||||
ACCUMULATED DEPRECIATION | 2,004,610 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 9,807,497 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 11,812,107 | ||||
Shopping Center [Member] | Kenneth Hahn Plaza [Member] | |||||
INITIAL COST LAND | 4,114,863 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 7,660,855 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (1,796,476) | |||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 9,979,242 | ||||
The company's investment | 9,979,242 | ||||
ACCUMULATED DEPRECIATION | 3,563,777 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 6,415,465 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 9,979,242 | ||||
Shopping Center [Member] | Englewood Plaza [Member] | |||||
INITIAL COST LAND | 805,837 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,232,650 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 897,656 | |||
LAND | 805,837 | ||||
BUILDING AND IMPROVEMENTS | 4,130,306 | ||||
The company's investment | 4,936,143 | ||||
ACCUMULATED DEPRECIATION | 2,219,070 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,717,073 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 4,936,143 | ||||
Shopping Center [Member] | Winn Dixie-Miami [Member] | |||||
INITIAL COST LAND | 2,989,640 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 9,410,360 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (49,372) | |||
LAND | 3,544,297 | ||||
BUILDING AND IMPROVEMENTS | 8,806,331 | ||||
The company's investment | 12,350,628 | ||||
ACCUMULATED DEPRECIATION | 1,336,013 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 11,014,615 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 12,350,628 | ||||
Shopping Center [Member] | Mill St. Plaza [Member] | |||||
INITIAL COST LAND | 4,195,024 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,203,410 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 554,628 | |||
LAND | 4,195,024 | ||||
BUILDING AND IMPROVEMENTS | 6,758,038 | ||||
The company's investment | 10,953,062 | ||||
ACCUMULATED DEPRECIATION | 1,362,547 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 9,590,515 | ||||
ENCUMBRANCES | [3] | 3,637,862 | |||
TOTAL | 10,953,062 | ||||
Shopping Center [Member] | Davidson Commons [Member] | |||||
INITIAL COST LAND | 2,978,533 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 12,859,867 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 558,592 | |||
LAND | 2,978,533 | ||||
BUILDING AND IMPROVEMENTS | 13,418,459 | ||||
The company's investment | 16,396,992 | ||||
ACCUMULATED DEPRECIATION | 2,870,768 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 13,526,224 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 16,396,992 | ||||
Shopping Center [Member] | Ralph Avenue Plaza [Member] | |||||
INITIAL COST LAND | 4,414,466 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 11,339,857 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 3,912,149 | |||
LAND | 4,414,467 | ||||
BUILDING AND IMPROVEMENTS | 15,252,005 | ||||
The company's investment | 19,666,472 | ||||
ACCUMULATED DEPRECIATION | 5,848,083 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 13,818,389 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 19,666,472 | ||||
Shopping Center [Member] | Devon Village [Member] | |||||
INITIAL COST LAND | 4,856,379 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 25,846,910 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 4,290,119 | |||
LAND | 4,856,379 | ||||
BUILDING AND IMPROVEMENTS | 30,137,029 | ||||
The company's investment | 34,993,408 | ||||
ACCUMULATED DEPRECIATION | 8,540,901 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 26,452,507 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 34,993,408 | ||||
Shopping Center [Member] | Old Towne Village [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,133,904 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 4,225,635 | |||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 8,359,539 | ||||
The company's investment | 8,359,539 | ||||
ACCUMULATED DEPRECIATION | 6,305,704 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,053,835 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 8,359,539 | ||||
Shopping Center [Member] | La Verne Town Center [Member] | |||||
INITIAL COST LAND | 8,414,328 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 23,856,418 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 12,183,413 | |||
LAND | 16,362,169 | ||||
BUILDING AND IMPROVEMENTS | 28,091,990 | ||||
The company's investment | 44,454,159 | ||||
ACCUMULATED DEPRECIATION | 5,248,265 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 39,205,894 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 44,454,159 | ||||
Shopping Center [Member] | Greeley Commons [Member] | |||||
INITIAL COST LAND | 3,313,095 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 20,069,559 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,525,944 | |||
LAND | 3,313,095 | ||||
BUILDING AND IMPROVEMENTS | 21,595,503 | ||||
The company's investment | 24,908,598 | ||||
ACCUMULATED DEPRECIATION | 4,986,795 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 19,921,803 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 24,908,598 | ||||
Shopping Center [Member] | Marathon Shopping Center [Member] | |||||
INITIAL COST LAND | 2,412,929 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 8,069,450 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,668,751 | |||
LAND | 1,514,731 | ||||
BUILDING AND IMPROVEMENTS | 10,636,399 | ||||
The company's investment | 12,151,130 | ||||
ACCUMULATED DEPRECIATION | 2,077,857 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 10,073,273 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 12,151,130 | ||||
Shopping Center [Member] | Fullerton Plaza [Member] | |||||
INITIAL COST LAND | 14,237,901 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,743,980 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 8,192,823 | |||
LAND | 14,237,901 | ||||
BUILDING AND IMPROVEMENTS | 14,936,803 | ||||
The company's investment | 29,174,704 | ||||
ACCUMULATED DEPRECIATION | 1,864,141 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 27,310,563 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 29,174,704 | ||||
Shopping Center [Member] | Park Place SC [Member] | |||||
INITIAL COST LAND | 5,461,478 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 16,163,494 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 4,175,099 | |||
LAND | 5,469,809 | ||||
BUILDING AND IMPROVEMENTS | 20,330,262 | ||||
The company's investment | 25,800,071 | ||||
ACCUMULATED DEPRECIATION | 7,536,466 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 18,263,605 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 25,800,071 | ||||
Shopping Center [Member] | Bellmore S.C. [Member] | |||||
INITIAL COST LAND | 1,272,269 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,183,547 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,590,605 | |||
LAND | 1,272,269 | ||||
BUILDING AND IMPROVEMENTS | 4,774,152 | ||||
The company's investment | 6,046,421 | ||||
ACCUMULATED DEPRECIATION | 2,106,726 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 3,939,695 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 6,046,421 | ||||
Shopping Center [Member] | Pocono Plaza [Member] | |||||
INITIAL COST LAND | 1,050,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,372,628 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 15,196,868 | |||
LAND | 1,050,000 | ||||
BUILDING AND IMPROVEMENTS | 17,569,496 | ||||
The company's investment | 18,619,496 | ||||
ACCUMULATED DEPRECIATION | 1,393,096 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 17,226,400 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 18,619,496 | ||||
Shopping Center [Member] | Center of the Hills [Member] | |||||
INITIAL COST LAND | 2,923,585 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 11,706,145 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,807,467 | |||
LAND | 2,923,585 | ||||
BUILDING AND IMPROVEMENTS | 14,513,612 | ||||
The company's investment | 17,437,197 | ||||
ACCUMULATED DEPRECIATION | 6,518,477 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 10,918,720 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 17,437,197 | ||||
Shopping Center [Member] | Lincoln Hills Town Center [Member] | |||||
INITIAL COST LAND | 8,228,587 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 26,127,322 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 477,068 | |||
LAND | 8,228,587 | ||||
BUILDING AND IMPROVEMENTS | 26,604,390 | ||||
The company's investment | 34,832,977 | ||||
ACCUMULATED DEPRECIATION | 4,928,028 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 29,904,949 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 34,832,977 | ||||
Shopping Center [Member] | Highlands Ranch Village S.C. [Member] | |||||
INITIAL COST LAND | 8,135,427 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 21,579,936 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 457,168 | |||
LAND | 5,337,081 | ||||
BUILDING AND IMPROVEMENTS | 24,835,450 | ||||
The company's investment | 30,172,531 | ||||
ACCUMULATED DEPRECIATION | 5,073,713 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 25,098,818 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 30,172,531 | ||||
Shopping Center [Member] | Sodo S.C. [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 68,139,271 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 8,716,773 | |||
LAND | 142,195 | ||||
BUILDING AND IMPROVEMENTS | 76,713,849 | ||||
The company's investment | 76,856,044 | ||||
ACCUMULATED DEPRECIATION | 23,323,001 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 53,533,043 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 76,856,044 | ||||
Shopping Center [Member] | Greenbrier S.C. [Member] | |||||
INITIAL COST LAND | 8,891,468 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 30,304,760 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 329,475 | |||
LAND | 8,891,468 | ||||
BUILDING AND IMPROVEMENTS | 30,634,235 | ||||
The company's investment | 39,525,703 | ||||
ACCUMULATED DEPRECIATION | 5,077,149 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 34,448,554 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 39,525,703 | ||||
Shopping Center [Member] | Mooresville Crossing [Member] | |||||
INITIAL COST LAND | 12,013,727 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 30,604,173 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 531,732 | |||
LAND | 11,625,801 | ||||
BUILDING AND IMPROVEMENTS | 31,523,831 | ||||
The company's investment | 43,149,632 | ||||
ACCUMULATED DEPRECIATION | 12,597,563 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 30,552,069 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 43,149,632 | ||||
Shopping Center [Member] | Market at Bay Shore [Member] | |||||
INITIAL COST LAND | 12,359,621 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 30,707,802 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 6,324,935 | |||
LAND | 12,359,621 | ||||
BUILDING AND IMPROVEMENTS | 37,032,737 | ||||
The company's investment | 49,392,358 | ||||
ACCUMULATED DEPRECIATION | 14,679,424 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 34,712,934 | ||||
ENCUMBRANCES | [3] | 11,947,237 | |||
TOTAL | 49,392,358 | ||||
Shopping Center [Member] | Ridge Pike Plaza [Member] | |||||
INITIAL COST LAND | 1,525,337 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,251,732 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (3,539,296) | |||
LAND | 914,299 | ||||
BUILDING AND IMPROVEMENTS | 1,323,474 | ||||
The company's investment | 2,237,773 | ||||
ACCUMULATED DEPRECIATION | 1,211,807 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,025,966 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 2,237,773 | ||||
Shopping Center [Member] | Gateway Station [Member] | |||||
INITIAL COST LAND | 1,373,692 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 28,145,158 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 3,206,734 | |||
LAND | 1,374,880 | ||||
BUILDING AND IMPROVEMENTS | 31,350,704 | ||||
The company's investment | 32,725,584 | ||||
ACCUMULATED DEPRECIATION | 5,695,545 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 27,030,039 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 32,725,584 | ||||
Shopping Center [Member] | Novato Fair S.C. [Member] | |||||
INITIAL COST LAND | 9,259,778 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 15,599,790 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,179,252 | |||
LAND | 9,259,778 | ||||
BUILDING AND IMPROVEMENTS | 16,779,042 | ||||
The company's investment | 26,038,820 | ||||
ACCUMULATED DEPRECIATION | 6,806,338 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 19,232,482 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 26,038,820 | ||||
Shopping Center [Member] | Village Center West [Member] | |||||
INITIAL COST LAND | 2,010,519 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 8,361,084 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 729,196 | |||
LAND | 2,010,519 | ||||
BUILDING AND IMPROVEMENTS | 9,090,280 | ||||
The company's investment | 11,100,799 | ||||
ACCUMULATED DEPRECIATION | 1,826,199 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 9,274,600 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 11,100,799 | ||||
Shopping Center [Member] | Renaissance Center [Member] | |||||
INITIAL COST LAND | 9,104,379 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 36,540,873 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 16,566,544 | |||
LAND | 9,122,758 | ||||
BUILDING AND IMPROVEMENTS | 53,089,038 | ||||
The company's investment | 62,211,796 | ||||
ACCUMULATED DEPRECIATION | 22,188,576 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 40,023,220 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 62,211,796 | ||||
Shopping Center [Member] | Ingleside S.C. [Member] | |||||
INITIAL COST LAND | 10,416,726 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 17,889,235 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 302,317 | |||
LAND | 10,416,726 | ||||
BUILDING AND IMPROVEMENTS | 18,191,552 | ||||
The company's investment | 28,608,278 | ||||
ACCUMULATED DEPRECIATION | 3,610,361 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 24,997,917 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 28,608,278 | ||||
Shopping Center [Member] | Pleasant Valley Promenade [Member] | |||||
INITIAL COST LAND | 5,208,885 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 20,885,792 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 22,010,083 | |||
LAND | 5,208,885 | ||||
BUILDING AND IMPROVEMENTS | 42,895,875 | ||||
The company's investment | 48,104,760 | ||||
ACCUMULATED DEPRECIATION | 21,500,267 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 26,604,493 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 48,104,760 | ||||
Shopping Center [Member] | Key Food - Atlantic Ave [Member] | |||||
INITIAL COST LAND | 2,272,500 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 5,624,589 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 509,260 | |||
LAND | 4,808,822 | ||||
BUILDING AND IMPROVEMENTS | 3,597,527 | ||||
The company's investment | 8,406,349 | ||||
ACCUMULATED DEPRECIATION | 825,449 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,580,900 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 8,406,349 | ||||
Shopping Center [Member] | Whiteland Town Center [Member] | |||||
INITIAL COST LAND | 731,888 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,927,551 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 59,067 | |||
LAND | 731,888 | ||||
BUILDING AND IMPROVEMENTS | 2,986,618 | ||||
The company's investment | 3,718,506 | ||||
ACCUMULATED DEPRECIATION | 1,775,153 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,943,353 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 3,718,506 | ||||
Shopping Center [Member] | Las Tiendas Plaza [Member] | |||||
INITIAL COST LAND | 8,678,107 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 27,150,115 | |||
LAND | 7,943,925 | ||||
BUILDING AND IMPROVEMENTS | 27,884,297 | ||||
The company's investment | 35,828,222 | ||||
ACCUMULATED DEPRECIATION | 7,285,108 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 28,543,114 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 35,828,222 | ||||
Shopping Center [Member] | South Napa Market Place [Member] | |||||
INITIAL COST LAND | 1,100,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 22,159,086 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 20,969,254 | |||
LAND | 23,119,071 | ||||
BUILDING AND IMPROVEMENTS | 21,109,269 | ||||
The company's investment | 44,228,340 | ||||
ACCUMULATED DEPRECIATION | 12,816,370 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 31,411,970 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 44,228,340 | ||||
Shopping Center [Member] | Highlands Ranch II [Member] | |||||
INITIAL COST LAND | 3,514,837 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 11,755,916 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 822,188 | |||
LAND | 3,514,837 | ||||
BUILDING AND IMPROVEMENTS | 12,578,104 | ||||
The company's investment | 16,092,941 | ||||
ACCUMULATED DEPRECIATION | 3,304,340 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 12,788,601 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 16,092,941 | ||||
Shopping Center [Member] | MIllenia Plaza Phase II [Member] | |||||
INITIAL COST LAND | 7,711,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 20,702,992 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 3,978,678 | |||
LAND | 7,698,200 | ||||
BUILDING AND IMPROVEMENTS | 24,694,470 | ||||
The company's investment | 32,392,670 | ||||
ACCUMULATED DEPRECIATION | 9,237,336 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 23,155,334 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 32,392,670 | ||||
Shopping Center [Member] | Wilkens Beltway Plaza [Member] | |||||
INITIAL COST LAND | 9,948,235 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 22,125,942 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,495,965 | |||
LAND | 9,948,235 | ||||
BUILDING AND IMPROVEMENTS | 23,621,907 | ||||
The company's investment | 33,570,142 | ||||
ACCUMULATED DEPRECIATION | 3,820,091 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 29,750,051 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 33,570,142 | ||||
Shopping Center [Member] | Brennan Station [Member] | |||||
INITIAL COST LAND | 7,749,751 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 20,556,891 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (327,874) | |||
LAND | 6,321,923 | ||||
BUILDING AND IMPROVEMENTS | 21,656,845 | ||||
The company's investment | 27,978,768 | ||||
ACCUMULATED DEPRECIATION | 6,222,776 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 21,755,992 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 27,978,768 | ||||
Shopping Center [Member] | Veterans Memorial Plaza [Member] | |||||
INITIAL COST LAND | 5,968,082 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 23,243,404 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 19,513,618 | |||
LAND | 5,980,130 | ||||
BUILDING AND IMPROVEMENTS | 42,744,974 | ||||
The company's investment | 48,725,104 | ||||
ACCUMULATED DEPRECIATION | 16,101,074 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 32,624,030 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 48,725,104 | ||||
Shopping Center [Member] | Harrisburg East Shopping Ctr. [Member | |||||
INITIAL COST LAND | 452,888 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,665,238 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 11,377,170 | |||
LAND | 3,002,888 | ||||
BUILDING AND IMPROVEMENTS | 15,492,408 | ||||
The company's investment | 18,495,296 | ||||
ACCUMULATED DEPRECIATION | 8,033,261 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 10,462,035 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 18,495,296 | ||||
Shopping Center [Member] | Gateway Station Phase II [Member] | |||||
INITIAL COST LAND | 4,140,176 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 12,020,460 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 553,163 | |||
LAND | 4,143,385 | ||||
BUILDING AND IMPROVEMENTS | 12,570,414 | ||||
The company's investment | 16,713,799 | ||||
ACCUMULATED DEPRECIATION | 932,420 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 15,781,379 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 16,713,799 | ||||
Shopping Center [Member] | Plaza Di Northridge [Member] | |||||
INITIAL COST LAND | 12,900,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 40,574,842 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,285,181 | |||
LAND | 12,900,000 | ||||
BUILDING AND IMPROVEMENTS | 41,860,023 | ||||
The company's investment | 54,760,023 | ||||
ACCUMULATED DEPRECIATION | 15,380,373 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 39,379,650 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 54,760,023 | ||||
Shopping Center [Member] | Village Center - Highland Ranch [Member] | |||||
INITIAL COST LAND | 1,140,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,660,000 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 283,724 | |||
LAND | 1,140,000 | ||||
BUILDING AND IMPROVEMENTS | 2,943,724 | ||||
The company's investment | 4,083,724 | ||||
ACCUMULATED DEPRECIATION | 396,713 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 3,687,011 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 4,083,724 | ||||
Shopping Center [Member] | Riverside Landings S.C. [Member] | |||||
INITIAL COST LAND | 3,512,202 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 14,439,668 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 261,172 | |||
LAND | 3,512,202 | ||||
BUILDING AND IMPROVEMENTS | 14,700,840 | ||||
The company's investment | 18,213,042 | ||||
ACCUMULATED DEPRECIATION | 2,466,991 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 15,746,051 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 18,213,042 | ||||
Shopping Center [Member] | York Road Plaza [Member] | |||||
INITIAL COST LAND | 4,276,715 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 37,205,757 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 191,525 | |||
LAND | 4,276,715 | ||||
BUILDING AND IMPROVEMENTS | 37,397,282 | ||||
The company's investment | 41,673,997 | ||||
ACCUMULATED DEPRECIATION | 5,805,450 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 35,868,547 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 41,673,997 | ||||
Shopping Center [Member] | Brennan Station Outparcel [Member] | |||||
INITIAL COST LAND | 627,906 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,665,576 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (186,984) | |||
LAND | 450,232 | ||||
BUILDING AND IMPROVEMENTS | 1,656,266 | ||||
The company's investment | 2,106,498 | ||||
ACCUMULATED DEPRECIATION | 374,808 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,731,690 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 2,106,498 | ||||
Shopping Center [Member] | Birchwood Plaza Commack [Member] | |||||
INITIAL COST LAND | 3,630,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,774,791 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,240,489 | |||
LAND | 3,630,000 | ||||
BUILDING AND IMPROVEMENTS | 6,015,280 | ||||
The company's investment | 9,645,280 | ||||
ACCUMULATED DEPRECIATION | 2,147,985 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,497,295 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 9,645,280 | ||||
Shopping Center [Member] | Township Line S.C. [Member] | |||||
INITIAL COST LAND | 731,888 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,927,551 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 0 | ||||
LAND | 731,888 | ||||
BUILDING AND IMPROVEMENTS | 2,927,551 | ||||
The company's investment | 3,659,439 | ||||
ACCUMULATED DEPRECIATION | 1,751,527 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,907,912 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 3,659,439 | ||||
Shopping Center [Member] | Conroe Marketplace [Member] | |||||
INITIAL COST LAND | 18,869,087 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 50,756,554 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (2,832,551) | |||
LAND | 10,841,611 | ||||
BUILDING AND IMPROVEMENTS | 55,951,479 | ||||
The company's investment | 66,793,090 | ||||
ACCUMULATED DEPRECIATION | 9,022,177 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 57,770,913 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 66,793,090 | ||||
Shopping Center [Member] | Linda Mar Shopping Center [Member] | |||||
INITIAL COST LAND | 16,548,592 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 37,521,194 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 4,065,640 | |||
LAND | 16,548,592 | ||||
BUILDING AND IMPROVEMENTS | 41,586,834 | ||||
The company's investment | 58,135,426 | ||||
ACCUMULATED DEPRECIATION | 9,090,842 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 49,044,584 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 58,135,426 | ||||
Shopping Center [Member] | Heritage West S.C. [Member] | |||||
INITIAL COST LAND | 1,526,576 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,124,074 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,309,547 | |||
LAND | 1,526,576 | ||||
BUILDING AND IMPROVEMENTS | 8,433,621 | ||||
The company's investment | 9,960,197 | ||||
ACCUMULATED DEPRECIATION | 4,093,180 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,867,017 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 9,960,197 | ||||
Shopping Center [Member] | Grand Oaks Village [Member] | |||||
INITIAL COST LAND | 7,409,319 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 19,653,869 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (524,484) | |||
LAND | 5,846,339 | ||||
BUILDING AND IMPROVEMENTS | 20,692,365 | ||||
The company's investment | 26,538,704 | ||||
ACCUMULATED DEPRECIATION | 4,787,099 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 21,751,605 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 26,538,704 | ||||
Shopping Center [Member] | Putty Hill Plaza [Member] | |||||
INITIAL COST LAND | 4,192,152 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 11,112,111 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 542,155 | |||
LAND | 4,192,152 | ||||
BUILDING AND IMPROVEMENTS | 11,654,266 | ||||
The company's investment | 15,846,418 | ||||
ACCUMULATED DEPRECIATION | 3,301,528 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 12,544,890 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 15,846,418 | ||||
Shopping Center [Member] | Cloverdale Plaza [Member] | |||||
INITIAL COST LAND | 540,667 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 719,655 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 7,554,126 | |||
LAND | 540,667 | ||||
BUILDING AND IMPROVEMENTS | 8,273,781 | ||||
The company's investment | 8,814,448 | ||||
ACCUMULATED DEPRECIATION | 3,997,454 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 4,816,994 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 8,814,448 | ||||
Shopping Center [Member] | Elmont S.C. [Member] | |||||
INITIAL COST LAND | 3,011,658 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 7,606,066 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 6,171,045 | |||
LAND | 3,011,658 | ||||
BUILDING AND IMPROVEMENTS | 13,777,111 | ||||
The company's investment | 16,788,769 | ||||
ACCUMULATED DEPRECIATION | 4,209,847 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 12,578,922 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 16,788,769 | ||||
Shopping Center [Member] | Horsham Point [Member] | |||||
INITIAL COST LAND | 3,813,247 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 18,189,450 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 126,327 | |||
LAND | 3,813,247 | ||||
BUILDING AND IMPROVEMENTS | 18,315,777 | ||||
The company's investment | 22,129,024 | ||||
ACCUMULATED DEPRECIATION | 2,500,336 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 19,628,688 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 22,129,024 | ||||
Shopping Center [Member] | Montgomery Plaza [Member] | |||||
INITIAL COST LAND | 10,739,067 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 63,065,333 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (80,216) | |||
LAND | 10,738,796 | ||||
BUILDING AND IMPROVEMENTS | 62,985,388 | ||||
The company's investment | 73,724,184 | ||||
ACCUMULATED DEPRECIATION | 11,999,283 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 61,724,901 | ||||
ENCUMBRANCES | [3] | 26,595,768 | |||
TOTAL | 73,724,184 | ||||
Shopping Center [Member] | Market at Southpark [Member] | |||||
INITIAL COST LAND | 9,782,769 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 20,779,522 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 3,115,099 | |||
LAND | 9,782,769 | ||||
BUILDING AND IMPROVEMENTS | 23,894,621 | ||||
The company's investment | 33,677,390 | ||||
ACCUMULATED DEPRECIATION | 5,308,497 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 28,368,893 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 33,677,390 | ||||
Shopping Center [Member] | Plantation Crossing [Member] | |||||
INITIAL COST LAND | 2,782,030 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 8,077,260 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 3,880,495 | |||
LAND | 2,782,030 | ||||
BUILDING AND IMPROVEMENTS | 11,957,755 | ||||
The company's investment | 14,739,785 | ||||
ACCUMULATED DEPRECIATION | 1,169,770 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 13,570,015 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 14,739,785 | ||||
Shopping Center [Member] | Snowden Square S.C. [Member] | |||||
INITIAL COST LAND | 1,929,402 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,557,934 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 5,155,349 | |||
LAND | 3,326,422 | ||||
BUILDING AND IMPROVEMENTS | 8,316,263 | ||||
The company's investment | 11,642,685 | ||||
ACCUMULATED DEPRECIATION | 2,083,927 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 9,558,758 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 11,642,685 | ||||
Shopping Center [Member] | Webster Square [Member] | |||||
INITIAL COST LAND | 11,683,145 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 41,708,383 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 7,437,545 | |||
LAND | 11,683,145 | ||||
BUILDING AND IMPROVEMENTS | 49,145,928 | ||||
The company's investment | 60,829,073 | ||||
ACCUMULATED DEPRECIATION | 9,061,478 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 51,767,595 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 60,829,073 | ||||
Shopping Center [Member] | Elmsford Center 1 [Member] | |||||
INITIAL COST LAND | 4,134,273 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,193,084 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 0 | ||||
LAND | 4,134,273 | ||||
BUILDING AND IMPROVEMENTS | 1,193,084 | ||||
The company's investment | 5,327,357 | ||||
ACCUMULATED DEPRECIATION | 224,999 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,102,358 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 5,327,357 | ||||
Shopping Center [Member] | Holiday Center [Member] | |||||
INITIAL COST LAND | 7,726,844 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 20,014,243 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (5,290,608) | |||
LAND | 6,098,316 | ||||
BUILDING AND IMPROVEMENTS | 16,352,163 | ||||
The company's investment | 22,450,479 | ||||
ACCUMULATED DEPRECIATION | 4,358,348 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 18,092,131 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 22,450,479 | ||||
Shopping Center [Member] | Preston Lebanon Crossing [Member] | |||||
INITIAL COST LAND | 13,552,180 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 28,236,289 | |||
LAND | 12,163,694 | ||||
BUILDING AND IMPROVEMENTS | 29,624,775 | ||||
The company's investment | 41,788,469 | ||||
ACCUMULATED DEPRECIATION | 8,736,842 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 33,051,627 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 41,788,469 | ||||
Shopping Center [Member] | Newtown S.C. [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 15,635,442 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 419,521 | |||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 16,054,963 | ||||
The company's investment | 16,054,963 | ||||
ACCUMULATED DEPRECIATION | 2,516,815 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 13,538,148 | ||||
ENCUMBRANCES | [3] | 7,366,380 | |||
TOTAL | 16,054,963 | ||||
Shopping Center [Member] | Pompano Pointe S.C. [Member] | |||||
INITIAL COST LAND | 10,516,500 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 14,355,836 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 530,900 | |||
LAND | 10,516,500 | ||||
BUILDING AND IMPROVEMENTS | 14,886,736 | ||||
The company's investment | 25,403,236 | ||||
ACCUMULATED DEPRECIATION | 1,555,793 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 23,847,443 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 25,403,236 | ||||
Shopping Center [Member] | Columbia Crossing [Member] | |||||
INITIAL COST LAND | 3,612,550 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 34,344,509 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,244,651 | |||
LAND | 3,612,550 | ||||
BUILDING AND IMPROVEMENTS | 35,589,160 | ||||
The company's investment | 39,201,710 | ||||
ACCUMULATED DEPRECIATION | 5,131,563 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 34,070,147 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 39,201,710 | ||||
Shopping Center [Member] | Webster Square - DSW [Member] | |||||
INITIAL COST LAND | 1,346,391 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,638,397 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 131,388 | |||
LAND | 1,346,391 | ||||
BUILDING AND IMPROVEMENTS | 3,769,785 | ||||
The company's investment | 5,116,176 | ||||
ACCUMULATED DEPRECIATION | 447,893 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 4,668,283 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 5,116,176 | ||||
Shopping Center [Member] | Elmsford Center 2 [Member] | |||||
INITIAL COST LAND | 4,076,403 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 15,598,504 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,118,941 | |||
LAND | 4,245,442 | ||||
BUILDING AND IMPROVEMENTS | 16,548,406 | ||||
The company's investment | 20,793,848 | ||||
ACCUMULATED DEPRECIATION | 3,619,110 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 17,174,738 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 20,793,848 | ||||
Shopping Center [Member] | Norriton Square [Member] | |||||
INITIAL COST LAND | 686,134 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,664,535 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 4,296,277 | |||
LAND | 774,084 | ||||
BUILDING AND IMPROVEMENTS | 6,872,862 | ||||
The company's investment | 7,646,946 | ||||
ACCUMULATED DEPRECIATION | 5,106,872 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,540,074 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 7,646,946 | ||||
Shopping Center [Member] | Lake Prairie Town Crossing [Member] | |||||
INITIAL COST LAND | 7,897,491 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 29,154,281 | |||
LAND | 6,783,464 | ||||
BUILDING AND IMPROVEMENTS | 30,268,308 | ||||
The company's investment | 37,051,772 | ||||
ACCUMULATED DEPRECIATION | 6,972,594 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 30,079,178 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 37,051,772 | ||||
Shopping Center [Member] | West Farm Shopping Center [Member] | |||||
INITIAL COST LAND | 5,805,969 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 23,348,024 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 18,702,013 | |||
LAND | 7,585,116 | ||||
BUILDING AND IMPROVEMENTS | 40,270,890 | ||||
The company's investment | 47,856,006 | ||||
ACCUMULATED DEPRECIATION | 17,447,864 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 30,408,142 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 47,856,006 | ||||
Shopping Center [Member] | University Town Center [Member] | |||||
INITIAL COST LAND | 5,515,265 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 13,041,400 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 536,347 | |||
LAND | 5,515,265 | ||||
BUILDING AND IMPROVEMENTS | 13,577,747 | ||||
The company's investment | 19,093,012 | ||||
ACCUMULATED DEPRECIATION | 3,651,349 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 15,441,663 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 19,093,012 | ||||
Shopping Center [Member] | Dorsey's Search Village Center [Member] | |||||
INITIAL COST LAND | 6,321,963 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 27,996,087 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 286,078 | |||
LAND | 6,321,963 | ||||
BUILDING AND IMPROVEMENTS | 28,282,165 | ||||
The company's investment | 34,604,128 | ||||
ACCUMULATED DEPRECIATION | 3,959,963 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 30,644,165 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 34,604,128 | ||||
Shopping Center [Member] | Webster Square North [Member] | |||||
INITIAL COST LAND | 2,163,138 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,511,424 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 131,176 | |||
LAND | 2,163,138 | ||||
BUILDING AND IMPROVEMENTS | 6,642,600 | ||||
The company's investment | 8,805,738 | ||||
ACCUMULATED DEPRECIATION | 1,234,333 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,571,405 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 8,805,738 | ||||
Shopping Center [Member] | Franklin Square S.C. [Member] | |||||
INITIAL COST LAND | 1,078,541 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,516,581 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 4,164,568 | |||
LAND | 1,078,541 | ||||
BUILDING AND IMPROVEMENTS | 6,681,149 | ||||
The company's investment | 7,759,690 | ||||
ACCUMULATED DEPRECIATION | 2,951,140 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 4,808,550 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 7,759,690 | ||||
Shopping Center [Member] | Frankford Avenue S.C. [Member] | |||||
INITIAL COST LAND | 731,888 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,927,551 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 0 | ||||
LAND | 731,888 | ||||
BUILDING AND IMPROVEMENTS | 2,927,551 | ||||
The company's investment | 3,659,439 | ||||
ACCUMULATED DEPRECIATION | 1,751,527 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,907,912 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 3,659,439 | ||||
Shopping Center [Member] | Center at Baybrook [Member] | |||||
INITIAL COST LAND | 6,941,017 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 27,727,491 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 12,216,842 | |||
LAND | 6,928,120 | ||||
BUILDING AND IMPROVEMENTS | 39,957,230 | ||||
The company's investment | 46,885,350 | ||||
ACCUMULATED DEPRECIATION | 19,040,838 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 27,844,512 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 46,885,350 | ||||
Shopping Center [Member] | Hamden Mart [Member] | |||||
INITIAL COST LAND | 13,668,167 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 40,890,166 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 5,769,128 | |||
LAND | 14,225,573 | ||||
BUILDING AND IMPROVEMENTS | 46,101,888 | ||||
The company's investment | 60,327,461 | ||||
ACCUMULATED DEPRECIATION | 7,544,067 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 52,783,394 | ||||
ENCUMBRANCES | [3] | 19,666,094 | |||
TOTAL | 60,327,461 | ||||
Shopping Center [Member] | Oak Tree Plaza [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 917,360 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,363,288 | |||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 3,280,648 | ||||
The company's investment | 3,280,648 | ||||
ACCUMULATED DEPRECIATION | 2,466,662 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 813,986 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 3,280,648 | ||||
Shopping Center [Member] | Hickory Ridge [Member] | |||||
INITIAL COST LAND | 7,183,646 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 26,947,776 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 653,628 | |||
LAND | 7,183,646 | ||||
BUILDING AND IMPROVEMENTS | 27,601,404 | ||||
The company's investment | 34,785,050 | ||||
ACCUMULATED DEPRECIATION | 4,092,540 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 30,692,510 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 34,785,050 | ||||
Shopping Center [Member] | Rockingham Plaza [Member] | |||||
INITIAL COST LAND | 2,660,915 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 10,643,660 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 23,910,947 | |||
LAND | 3,148,715 | ||||
BUILDING AND IMPROVEMENTS | 34,066,807 | ||||
The company's investment | 37,215,522 | ||||
ACCUMULATED DEPRECIATION | 13,671,663 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 23,543,859 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 37,215,522 | ||||
Shopping Center [Member] | Airport Plaza [Member] | |||||
INITIAL COST LAND | 22,711,189 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 107,011,500 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 3,428,747 | |||
LAND | 22,711,189 | ||||
BUILDING AND IMPROVEMENTS | 110,440,247 | ||||
The company's investment | 133,151,436 | ||||
ACCUMULATED DEPRECIATION | 19,869,415 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 113,282,021 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 133,151,436 | ||||
Shopping Center [Member] | Wexford Plaza [Member] | |||||
INITIAL COST LAND | 6,413,635 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 9,774,600 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 10,108,141 | |||
LAND | 6,299,299 | ||||
BUILDING AND IMPROVEMENTS | 19,997,077 | ||||
The company's investment | 26,296,376 | ||||
ACCUMULATED DEPRECIATION | 5,145,680 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 21,150,696 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 26,296,376 | ||||
Shopping Center [Member] | Cypress Towne Center [Member] | |||||
INITIAL COST LAND | 6,033,932 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,692,407 | |||
LAND | 2,251,666 | ||||
BUILDING AND IMPROVEMENTS | 5,474,673 | ||||
The company's investment | 7,726,339 | ||||
ACCUMULATED DEPRECIATION | 1,395,230 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 6,331,109 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 7,726,339 | ||||
Shopping Center [Member] | Home Depot Plaza 2 [Member] | |||||
INITIAL COST LAND | 7,704,968 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 30,797,640 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 3,627,240 | |||
LAND | 7,704,968 | ||||
BUILDING AND IMPROVEMENTS | 34,424,880 | ||||
The company's investment | 42,129,848 | ||||
ACCUMULATED DEPRECIATION | 17,116,263 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 25,013,585 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 42,129,848 | ||||
Shopping Center [Member] | Tuttlebee Plaza [Member] | |||||
INITIAL COST LAND | 254,961 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 828,465 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,894,395 | |||
LAND | 254,961 | ||||
BUILDING AND IMPROVEMENTS | 2,722,860 | ||||
The company's investment | 2,977,821 | ||||
ACCUMULATED DEPRECIATION | 2,005,443 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 972,378 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 2,977,821 | ||||
Shopping Center [Member] | Hickory Ridge (Sunoco) [Member] | |||||
INITIAL COST LAND | 543,197 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,122,234 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 0 | ||||
LAND | 543,197 | ||||
BUILDING AND IMPROVEMENTS | 2,122,234 | ||||
The company's investment | 2,665,431 | ||||
ACCUMULATED DEPRECIATION | 413,179 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,252,252 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 2,665,431 | ||||
Shopping Center [Member] | Shop Rite Plaza [Member] | |||||
INITIAL COST LAND | 2,417,583 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,364,094 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,595,616 | |||
LAND | 2,417,583 | ||||
BUILDING AND IMPROVEMENTS | 7,959,710 | ||||
The company's investment | 10,377,293 | ||||
ACCUMULATED DEPRECIATION | 7,402,608 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,974,685 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 10,377,293 | ||||
Shopping Center [Member] | Kissena Boulevard Shopping Ctr. [Member] | |||||
INITIAL COST LAND | 11,610,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,933,487 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,333,988 | |||
LAND | 11,610,000 | ||||
BUILDING AND IMPROVEMENTS | 4,267,475 | ||||
The company's investment | 15,877,475 | ||||
ACCUMULATED DEPRECIATION | 1,172,285 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 14,705,190 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 15,877,475 | ||||
Shopping Center [Member] | Lincoln Square [Member] | |||||
INITIAL COST LAND | 90,478,522 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 74,525,900 | |||
LAND | 10,532,804 | ||||
BUILDING AND IMPROVEMENTS | 154,471,618 | ||||
The company's investment | 165,004,422 | ||||
ACCUMULATED DEPRECIATION | 3,316,224 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 161,688,198 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 165,004,422 | ||||
Shopping Center [Member] | Cypress Towne Center 2 [Member] | |||||
INITIAL COST LAND | 12,329,195 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 36,836,381 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,284,624 | |||
LAND | 8,644,145 | ||||
BUILDING AND IMPROVEMENTS | 41,806,055 | ||||
The company's investment | 50,450,200 | ||||
ACCUMULATED DEPRECIATION | 5,402,128 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 45,048,072 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 50,450,200 | ||||
Shopping Center [Member] | Wilton River Park Shopping Ctr [Member] | |||||
INITIAL COST LAND | 7,154,585 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 27,509,279 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 236,837 | |||
LAND | 7,154,584 | ||||
BUILDING AND IMPROVEMENTS | 27,746,117 | ||||
The company's investment | 34,900,701 | ||||
ACCUMULATED DEPRECIATION | 5,598,301 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 29,302,400 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 34,900,701 | ||||
Shopping Center [Member] | South Miami S.C. [Member] | |||||
INITIAL COST LAND | 1,280,440 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 5,133,825 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 3,700,918 | |||
LAND | 1,280,440 | ||||
BUILDING AND IMPROVEMENTS | 8,834,743 | ||||
The company's investment | 10,115,183 | ||||
ACCUMULATED DEPRECIATION | 5,024,803 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,090,380 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 10,115,183 | ||||
Shopping Center [Member] | King's Contrivance [Member] | |||||
INITIAL COST LAND | 9,308,349 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 31,759,940 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 956,829 | |||
LAND | 9,308,349 | ||||
BUILDING AND IMPROVEMENTS | 32,716,769 | ||||
The company's investment | 42,025,118 | ||||
ACCUMULATED DEPRECIATION | 5,801,943 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 36,223,175 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 42,025,118 | ||||
Shopping Center [Member] | Marlton Plaza [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,318,534 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 153,375 | |||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 4,471,909 | ||||
The company's investment | 4,471,909 | ||||
ACCUMULATED DEPRECIATION | 2,610,173 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,861,736 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 4,471,909 | ||||
Shopping Center [Member] | Hampton Bays Plaza [Member] | |||||
INITIAL COST LAND | 1,495,105 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 5,979,320 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 3,369,604 | |||
LAND | 1,495,105 | ||||
BUILDING AND IMPROVEMENTS | 9,348,924 | ||||
The company's investment | 10,844,029 | ||||
ACCUMULATED DEPRECIATION | 7,953,033 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,890,996 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 10,844,029 | ||||
Shopping Center [Member] | Cranberry Township - Parcel 1 and 2 [Member] | |||||
INITIAL COST LAND | 10,270,846 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 30,769,592 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,910,644 | |||
LAND | 6,070,254 | ||||
BUILDING AND IMPROVEMENTS | 36,880,828 | ||||
The company's investment | 42,951,082 | ||||
ACCUMULATED DEPRECIATION | 4,426,455 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 38,524,627 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 42,951,082 | ||||
Shopping Center [Member] | Cypress Towne Center (Phase II) [Member] | |||||
INITIAL COST LAND | 2,061,477 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,157,862 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (1,361,233) | |||
LAND | 270,374 | ||||
BUILDING AND IMPROVEMENTS | 6,587,732 | ||||
The company's investment | 6,858,106 | ||||
ACCUMULATED DEPRECIATION | 1,078,562 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,779,544 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 6,858,106 | ||||
Shopping Center [Member] | Bright Horizons [Member] | |||||
INITIAL COST LAND | 1,211,748 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 4,610,610 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 82,937 | |||
LAND | 1,211,748 | ||||
BUILDING AND IMPROVEMENTS | 4,693,547 | ||||
The company's investment | 5,905,295 | ||||
ACCUMULATED DEPRECIATION | 1,154,633 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 4,750,662 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 5,905,295 | ||||
Shopping Center [Member] | Carrollwood Commons [Member] | |||||
INITIAL COST LAND | 5,220,445 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 16,884,228 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 3,582,050 | |||
LAND | 5,220,445 | ||||
BUILDING AND IMPROVEMENTS | 20,466,278 | ||||
The company's investment | 25,686,723 | ||||
ACCUMULATED DEPRECIATION | 10,679,896 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 15,006,827 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 25,686,723 | ||||
Shopping Center [Member] | Harper's Choice [Member] | |||||
INITIAL COST LAND | 8,429,284 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 18,373,994 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 888,226 | |||
LAND | 8,429,284 | ||||
BUILDING AND IMPROVEMENTS | 19,262,220 | ||||
The company's investment | 27,691,504 | ||||
ACCUMULATED DEPRECIATION | 3,232,809 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 24,458,695 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 27,691,504 | ||||
Shopping Center [Member] | Hillview Shopping Center [Member] | |||||
INITIAL COST LAND | 16,007,647 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 32,607,423 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (330,854) | |||
LAND | 16,007,647 | ||||
BUILDING AND IMPROVEMENTS | 32,276,569 | ||||
The company's investment | 48,284,216 | ||||
ACCUMULATED DEPRECIATION | 5,693,981 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 42,590,235 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 48,284,216 | ||||
Shopping Center [Member] | Hicksville Plaza [Member] | |||||
INITIAL COST LAND | 3,542,739 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 8,266,375 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,505,434 | |||
LAND | 3,542,739 | ||||
BUILDING AND IMPROVEMENTS | 10,771,809 | ||||
The company's investment | 14,314,548 | ||||
ACCUMULATED DEPRECIATION | 4,005,114 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 10,309,434 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 14,314,548 | ||||
Shopping Center [Member] | Crossroads Plaza 3 [Member] | |||||
INITIAL COST LAND | 788,761 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,155,044 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 13,367,748 | |||
LAND | 976,439 | ||||
BUILDING AND IMPROVEMENTS | 16,335,114 | ||||
The company's investment | 17,311,553 | ||||
ACCUMULATED DEPRECIATION | 10,580,044 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 6,731,509 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 17,311,553 | ||||
Shopping Center [Member] | Wilton Campus [Member] | |||||
INITIAL COST LAND | 10,168,872 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 31,893,016 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,642,528 | |||
LAND | 10,168,872 | ||||
BUILDING AND IMPROVEMENTS | 34,535,544 | ||||
The company's investment | 44,704,416 | ||||
ACCUMULATED DEPRECIATION | 9,258,360 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 35,446,056 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 44,704,416 | ||||
Shopping Center [Member] | Village Commons Shopping Center [Member] | |||||
INITIAL COST LAND | 2,192,331 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 8,774,158 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 5,402,331 | |||
LAND | 2,192,331 | ||||
BUILDING AND IMPROVEMENTS | 14,176,489 | ||||
The company's investment | 16,368,820 | ||||
ACCUMULATED DEPRECIATION | 6,664,538 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 9,704,282 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 16,368,820 | ||||
Shopping Center [Member] | Wilde Lake [Member] | |||||
INITIAL COST LAND | 1,468,038 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 5,869,862 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 26,110,759 | |||
LAND | 2,577,073 | ||||
BUILDING AND IMPROVEMENTS | 30,871,586 | ||||
The company's investment | 33,448,659 | ||||
ACCUMULATED DEPRECIATION | 10,439,013 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 23,009,646 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 33,448,659 | ||||
Shopping Center [Member] | Garden State Pavilions [Member] | |||||
INITIAL COST LAND | 7,530,709 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 10,801,949 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 20,841,974 | |||
LAND | 12,203,841 | ||||
BUILDING AND IMPROVEMENTS | 26,970,791 | ||||
The company's investment | 39,174,632 | ||||
ACCUMULATED DEPRECIATION | 8,213,444 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 30,961,188 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 39,174,632 | ||||
Shopping Center [Member] | Turnpike Plaza [Member] | |||||
INITIAL COST LAND | 2,471,832 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 5,839,416 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 809,085 | |||
LAND | 2,471,832 | ||||
BUILDING AND IMPROVEMENTS | 6,648,501 | ||||
The company's investment | 9,120,333 | ||||
ACCUMULATED DEPRECIATION | 2,001,327 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,119,006 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 9,120,333 | ||||
Shopping Center [Member] | Camden Square [Member] | |||||
INITIAL COST LAND | 122,741 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 66,738 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 4,680,370 | |||
LAND | 3,024,375 | ||||
BUILDING AND IMPROVEMENTS | 1,845,474 | ||||
The company's investment | 4,869,849 | ||||
ACCUMULATED DEPRECIATION | 232,710 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 4,637,139 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 4,869,849 | ||||
Shopping Center [Member] | Mission Bell Shopping Center [Member] | |||||
INITIAL COST LAND | 5,056,426 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 11,843,119 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 8,691,774 | |||
LAND | 5,067,033 | ||||
BUILDING AND IMPROVEMENTS | 20,524,286 | ||||
The company's investment | 25,591,319 | ||||
ACCUMULATED DEPRECIATION | 7,720,542 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 17,870,777 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 25,591,319 | ||||
Shopping Center [Member] | Riverhill Village Center [Member] | |||||
INITIAL COST LAND | 16,825,496 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 23,282,222 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 249,700 | |||
LAND | 16,825,496 | ||||
BUILDING AND IMPROVEMENTS | 23,531,922 | ||||
The company's investment | 40,357,418 | ||||
ACCUMULATED DEPRECIATION | 5,095,140 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 35,262,278 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 40,357,418 | ||||
Shopping Center [Member] | Clark Shoprite 70 Central Ave [Member] | |||||
INITIAL COST LAND | 3,496,673 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 11,693,769 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 994,829 | |||
LAND | 13,959,593 | ||||
BUILDING AND IMPROVEMENTS | 2,225,678 | ||||
The company's investment | 16,185,271 | ||||
ACCUMULATED DEPRECIATION | 1,004,269 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 15,181,002 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 16,185,271 | ||||
Shopping Center [Member] | Jericho Commons South [Member] | |||||
INITIAL COST LAND | 12,368,330 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 33,071,495 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 3,475,118 | |||
LAND | 12,368,330 | ||||
BUILDING AND IMPROVEMENTS | 36,546,613 | ||||
The company's investment | 48,914,943 | ||||
ACCUMULATED DEPRECIATION | 12,776,532 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 36,138,411 | ||||
ENCUMBRANCES | [3] | 5,984,769 | |||
TOTAL | 48,914,943 | ||||
Shopping Center [Member] | Promenade at Christiana [Member] | |||||
INITIAL COST LAND | [2] | 14,371,686 | |||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1],[2] | 8,497,354 | |||
LAND | [2] | 9,600,000 | |||
BUILDING AND IMPROVEMENTS | [2] | 13,269,040 | |||
The company's investment | [2] | 22,869,040 | |||
ACCUMULATED DEPRECIATION | [2] | 91,925 | |||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | [2] | 22,777,115 | |||
ENCUMBRANCES | 0 | ||||
TOTAL | [2] | 22,869,040 | |||
Shopping Center [Member] | Village Commons S.C. [Member] | |||||
INITIAL COST LAND | 2,026,423 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 5,106,476 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,055,527 | |||
LAND | 2,026,423 | ||||
BUILDING AND IMPROVEMENTS | 7,162,003 | ||||
The company's investment | 9,188,426 | ||||
ACCUMULATED DEPRECIATION | 1,761,345 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,427,081 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 9,188,426 | ||||
Shopping Center [Member] | Columbia Crossing Outparcels [Member] | |||||
INITIAL COST LAND | 1,279,200 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,870,800 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 20,602,841 | |||
LAND | 6,147,248 | ||||
BUILDING AND IMPROVEMENTS | 18,605,593 | ||||
The company's investment | 24,752,841 | ||||
ACCUMULATED DEPRECIATION | 3,793,940 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 20,958,901 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 24,752,841 | ||||
Shopping Center [Member] | Commerce Center West [Member] | |||||
INITIAL COST LAND | 385,760 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,290,080 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 160,534 | |||
LAND | 793,595 | ||||
BUILDING AND IMPROVEMENTS | 1,042,779 | ||||
The company's investment | 1,836,374 | ||||
ACCUMULATED DEPRECIATION | 272,544 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,563,830 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 1,836,374 | ||||
Shopping Center [Member] | 501 North Broadway [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 1,175,543 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (59,268) | |||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 1,116,275 | ||||
The company's investment | 1,116,275 | ||||
ACCUMULATED DEPRECIATION | 443,930 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 672,345 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 1,116,275 | ||||
Shopping Center [Member] | Brandywine Commons [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 36,057,487 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (936,597) | |||
LAND | 0 | ||||
BUILDING AND IMPROVEMENTS | 35,120,890 | ||||
The company's investment | 35,120,890 | ||||
ACCUMULATED DEPRECIATION | 6,318,402 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 28,802,488 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 35,120,890 | ||||
Shopping Center [Member] | Belmart Plaza [Member] | |||||
INITIAL COST LAND | 1,656,097 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 3,394,420 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 5,696,706 | |||
LAND | 1,656,097 | ||||
BUILDING AND IMPROVEMENTS | 9,091,126 | ||||
The company's investment | 10,747,223 | ||||
ACCUMULATED DEPRECIATION | 1,182,873 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 9,564,350 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 10,747,223 | ||||
Shopping Center [Member] | Columbia Crossing II Shop Ctr, [Member] | |||||
INITIAL COST LAND | 3,137,628 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 19,868,075 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 4,393,578 | |||
LAND | 3,137,628 | ||||
BUILDING AND IMPROVEMENTS | 24,261,653 | ||||
The company's investment | 27,399,281 | ||||
ACCUMULATED DEPRECIATION | 3,581,753 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 23,817,528 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 27,399,281 | ||||
Shopping Center [Member] | Commerce Center East [Member] | |||||
INITIAL COST LAND | 1,518,930 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 5,079,690 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,753,865 | |||
LAND | 7,235,196 | ||||
BUILDING AND IMPROVEMENTS | 1,117,289 | ||||
The company's investment | 8,352,485 | ||||
ACCUMULATED DEPRECIATION | 526,620 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,825,865 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 8,352,485 | ||||
Shopping Center [Member] | Milleridge Inn [Member] | |||||
INITIAL COST LAND | 7,500,330 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 481,316 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (48,741) | |||
LAND | 7,500,000 | ||||
BUILDING AND IMPROVEMENTS | 432,905 | ||||
The company's investment | 7,932,905 | ||||
ACCUMULATED DEPRECIATION | 40,404 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,892,501 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 7,932,905 | ||||
Shopping Center [Member] | Camino Square [Member] | |||||
INITIAL COST LAND | 573,875 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,295,501 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 3,654,326 | |||
LAND | 733,875 | ||||
BUILDING AND IMPROVEMENTS | 5,789,827 | ||||
The company's investment | 6,523,702 | ||||
ACCUMULATED DEPRECIATION | 3,872,616 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,651,086 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 6,523,702 | ||||
Shopping Center [Member] | Market at Haynes Bridge [Member] | |||||
INITIAL COST LAND | 4,880,659 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 21,549,424 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,217,935 | |||
LAND | 4,889,863 | ||||
BUILDING AND IMPROVEMENTS | 22,758,155 | ||||
The company's investment | 27,648,018 | ||||
ACCUMULATED DEPRECIATION | 8,152,912 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 19,495,106 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 27,648,018 | ||||
Shopping Center [Member] | Shops at District Heights [Member] | |||||
INITIAL COST LAND | 8,165,638 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 21,970,661 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (1,330,335) | |||
LAND | 7,298,215 | ||||
BUILDING AND IMPROVEMENTS | 21,507,749 | ||||
The company's investment | 28,805,964 | ||||
ACCUMULATED DEPRECIATION | 2,658,063 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 26,147,901 | ||||
ENCUMBRANCES | [3] | 12,771,539 | |||
TOTAL | 28,805,964 | ||||
Shopping Center [Member] | Family Dollar Union Turnpike [Member] | |||||
INITIAL COST LAND | 909,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,249,775 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 258,033 | |||
LAND | 1,056,709 | ||||
BUILDING AND IMPROVEMENTS | 2,360,099 | ||||
The company's investment | 3,416,808 | ||||
ACCUMULATED DEPRECIATION | 557,337 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,859,471 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 3,416,808 | ||||
Shopping Center [Member] | Coral Square Promenade [Member] | |||||
INITIAL COST LAND | 710,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,842,907 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 4,125,500 | |||
LAND | 710,000 | ||||
BUILDING AND IMPROVEMENTS | 6,968,407 | ||||
The company's investment | 7,678,407 | ||||
ACCUMULATED DEPRECIATION | 4,231,686 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 3,446,721 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 7,678,407 | ||||
Shopping Center [Member] | Embry Village [Member] | |||||
INITIAL COST LAND | 18,147,054 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 33,009,514 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,530,958 | |||
LAND | 18,160,525 | ||||
BUILDING AND IMPROVEMENTS | 35,527,001 | ||||
The company's investment | 53,687,526 | ||||
ACCUMULATED DEPRECIATION | 23,478,491 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 30,209,035 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 53,687,526 | ||||
Shopping Center [Member] | Enchanted Forest S.C. [Member] | |||||
INITIAL COST LAND | 20,123,946 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 34,345,102 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 902,976 | |||
LAND | 20,123,946 | ||||
BUILDING AND IMPROVEMENTS | 35,248,078 | ||||
The company's investment | 55,372,024 | ||||
ACCUMULATED DEPRECIATION | 6,614,004 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 48,758,020 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 55,372,024 | ||||
Shopping Center [Member] | Little Neck Plaza [Member] | |||||
INITIAL COST LAND | 3,277,254 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 13,161,218 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 5,986,742 | |||
LAND | 3,277,253 | ||||
BUILDING AND IMPROVEMENTS | 19,147,961 | ||||
The company's investment | 22,425,214 | ||||
ACCUMULATED DEPRECIATION | 8,211,840 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 14,213,374 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 22,425,214 | ||||
Shopping Center [Member] | Maplewood Plaza [Member] | |||||
INITIAL COST LAND | 1,649,000 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,626,301 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,668,185 | |||
LAND | 1,649,000 | ||||
BUILDING AND IMPROVEMENTS | 8,294,486 | ||||
The company's investment | 9,943,486 | ||||
ACCUMULATED DEPRECIATION | 4,367,202 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,576,284 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 9,943,486 | ||||
Shopping Center [Member] | Perimeter Expo Property [Member] | |||||
INITIAL COST LAND | 14,770,275 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 44,295,457 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,531,961 | |||
LAND | 16,142,152 | ||||
BUILDING AND IMPROVEMENTS | 45,455,541 | ||||
The company's investment | 61,597,693 | ||||
ACCUMULATED DEPRECIATION | 5,833,798 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 55,763,895 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 61,597,693 | ||||
Shopping Center [Member] | Shoppes at Easton [Member] | |||||
INITIAL COST LAND | 6,523,713 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 16,402,204 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (2,463,057) | |||
LAND | 6,523,713 | ||||
BUILDING AND IMPROVEMENTS | 13,939,147 | ||||
The company's investment | 20,462,860 | ||||
ACCUMULATED DEPRECIATION | 2,899,366 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 17,563,494 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 20,462,860 | ||||
Shopping Center [Member] | Key Food - 21st Street [Member] | |||||
INITIAL COST LAND | 1,090,800 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,699,730 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (159,449) | |||
LAND | 1,669,153 | ||||
BUILDING AND IMPROVEMENTS | 1,961,928 | ||||
The company's investment | 3,631,081 | ||||
ACCUMULATED DEPRECIATION | 367,863 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 3,263,218 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 3,631,081 | ||||
Shopping Center [Member] | Curlew Crossing Shopping Ctr [Member] | |||||
INITIAL COST LAND | 5,315,955 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 12,529,467 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 2,745,007 | |||
LAND | 5,315,955 | ||||
BUILDING AND IMPROVEMENTS | 15,274,474 | ||||
The company's investment | 20,590,429 | ||||
ACCUMULATED DEPRECIATION | 6,660,355 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 13,930,074 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 20,590,429 | ||||
Shopping Center [Member] | Riverwalk Marketplace [Member] | |||||
INITIAL COST LAND | 3,512,202 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 18,862,571 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 50,327 | |||
LAND | 3,512,202 | ||||
BUILDING AND IMPROVEMENTS | 18,912,898 | ||||
The company's investment | 22,425,100 | ||||
ACCUMULATED DEPRECIATION | 2,404,623 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 20,020,477 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 22,425,100 | ||||
Shopping Center [Member] | Villages at Urbana [Member] | |||||
INITIAL COST LAND | 3,190,074 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,067 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 19,360,692 | |||
LAND | 4,828,774 | ||||
BUILDING AND IMPROVEMENTS | 17,728,059 | ||||
The company's investment | 22,556,833 | ||||
ACCUMULATED DEPRECIATION | 2,517,436 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 20,039,397 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 22,556,833 | ||||
Shopping Center [Member] | Shops at Santa Barbara Phase 1 [Member] | |||||
INITIAL COST LAND | 743,463 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 5,373,994 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 220,269 | |||
LAND | 743,463 | ||||
BUILDING AND IMPROVEMENTS | 5,594,263 | ||||
The company's investment | 6,337,726 | ||||
ACCUMULATED DEPRECIATION | 927,828 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 5,409,898 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 6,337,726 | ||||
Shopping Center [Member] | Lawrenceville Market [Member] | |||||
INITIAL COST LAND | 8,878,266 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 29,691,191 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 351,863 | |||
LAND | 9,060,436 | ||||
BUILDING AND IMPROVEMENTS | 29,860,884 | ||||
The company's investment | 38,921,320 | ||||
ACCUMULATED DEPRECIATION | 6,907,281 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 32,014,039 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 38,921,320 | ||||
Shopping Center [Member] | Gaithersburg S.C. [Member] | |||||
INITIAL COST LAND | 244,890 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 6,787,534 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,682,724 | |||
LAND | 244,890 | ||||
BUILDING AND IMPROVEMENTS | 8,470,258 | ||||
The company's investment | 8,715,148 | ||||
ACCUMULATED DEPRECIATION | 4,082,460 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 4,632,688 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 8,715,148 | ||||
Shopping Center [Member] | Shops at Santa Barbara Phase 2 [Member] | |||||
INITIAL COST LAND | 331,692 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,488,832 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 0 | ||||
LAND | 331,692 | ||||
BUILDING AND IMPROVEMENTS | 2,488,832 | ||||
The company's investment | 2,820,524 | ||||
ACCUMULATED DEPRECIATION | 476,559 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,343,965 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 2,820,524 | ||||
Shopping Center [Member] | Braelinn Village [Member] | |||||
INITIAL COST LAND | 7,314,719 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 20,738,792 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | (903,523) | |||
LAND | 3,731,347 | ||||
BUILDING AND IMPROVEMENTS | 23,418,641 | ||||
The company's investment | 27,149,988 | ||||
ACCUMULATED DEPRECIATION | 3,931,754 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 23,218,234 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 27,149,988 | ||||
Shopping Center [Member] | Kentlands Market Square [Member] | |||||
INITIAL COST LAND | 20,167,048 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 84,615,052 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 14,891,942 | |||
LAND | 20,167,048 | ||||
BUILDING AND IMPROVEMENTS | 99,506,994 | ||||
The company's investment | 119,674,042 | ||||
ACCUMULATED DEPRECIATION | 9,413,156 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 110,260,886 | ||||
ENCUMBRANCES | [3] | 31,311,666 | |||
TOTAL | 119,674,042 | ||||
Shopping Center [Member] | Shops at Santa Barbara Phase 3 [Member] | |||||
INITIAL COST LAND | 329,726 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,358,700 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 61,618 | |||
LAND | 329,726 | ||||
BUILDING AND IMPROVEMENTS | 2,420,318 | ||||
The company's investment | 2,750,044 | ||||
ACCUMULATED DEPRECIATION | 406,125 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 2,343,919 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 2,750,044 | ||||
Shopping Center [Member] | Savannah Center [Member] | |||||
INITIAL COST LAND | 2,052,270 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 8,232,978 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 4,972,212 | |||
LAND | 2,052,270 | ||||
BUILDING AND IMPROVEMENTS | 13,205,190 | ||||
The company's investment | 15,257,460 | ||||
ACCUMULATED DEPRECIATION | 7,627,683 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,629,777 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 15,257,460 | ||||
Shopping Center [Member] | Coral Pointe S.C. [Member] | |||||
INITIAL COST LAND | 2,411,608 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 20,507,735 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 609,267 | |||
LAND | 2,411,608 | ||||
BUILDING AND IMPROVEMENTS | 21,117,002 | ||||
The company's investment | 23,528,610 | ||||
ACCUMULATED DEPRECIATION | 3,507,027 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 20,021,583 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 23,528,610 | ||||
Shopping Center [Member] | Chatham Plaza [Member] | |||||
INITIAL COST LAND | 13,390,238 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 35,115,882 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,469,797 | |||
LAND | 13,403,262 | ||||
BUILDING AND IMPROVEMENTS | 36,572,655 | ||||
The company's investment | 49,975,917 | ||||
ACCUMULATED DEPRECIATION | 13,919,506 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 36,056,411 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 49,975,917 | ||||
Shopping Center [Member] | Dania Pointe [Member] | |||||
INITIAL COST LAND | 105,113,024 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 0 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 31,366,749 | |||
LAND | 26,093,655 | ||||
BUILDING AND IMPROVEMENTS | 110,386,118 | ||||
The company's investment | 136,479,773 | ||||
ACCUMULATED DEPRECIATION | 2,197,976 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 134,281,797 | ||||
ENCUMBRANCES | [3] | 66,616,007 | |||
TOTAL | 136,479,773 | ||||
Shopping Center [Member] | Clive Plaza [Member] | |||||
INITIAL COST LAND | 500,525 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,002,101 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | 0 | ||||
LAND | 500,525 | ||||
BUILDING AND IMPROVEMENTS | 2,002,101 | ||||
The company's investment | 2,502,626 | ||||
ACCUMULATED DEPRECIATION | 1,227,784 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 1,274,842 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 2,502,626 | ||||
Shopping Center [Member] | Plaza Del Prado [Member] | |||||
INITIAL COST LAND | 10,203,960 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 28,409,786 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 1,856,215 | |||
LAND | 10,203,960 | ||||
BUILDING AND IMPROVEMENTS | 30,266,001 | ||||
The company's investment | 40,469,961 | ||||
ACCUMULATED DEPRECIATION | 4,466,628 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 36,003,333 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | 40,469,961 | ||||
Shopping Center [Member] | Skokie Pointe [Member] | |||||
INITIAL COST LAND | 0 | ||||
INITIAL COST BUILDING AND IMPROVEMENTS | 2,276,360 | ||||
COST CAPITALIZED SUBSEQUENT TO ACQUISITION | [1] | 9,564,305 | |||
LAND | 2,628,440 | ||||
BUILDING AND IMPROVEMENTS | 9,212,225 | ||||
The company's investment | 11,840,665 | ||||
ACCUMULATED DEPRECIATION | 4,416,043 | ||||
TOTAL COST, NET OF ACCUMULATED DEPRECIATION | 7,424,622 | ||||
ENCUMBRANCES | 0 | ||||
TOTAL | $ 11,840,665 | ||||
[1] | The negative balance for costs capitalized subsequent to acquisition could include parcels/out-parcels sold, assets held-for-sale, provision for losses and/or demolition of part of a property for redevelopment. | ||||
[2] | Shopping center includes active real estate under development project or land held for development. | ||||
[3] | Includes fair market value of debt adjustments, net and deferred financing costs, net. |
Schedule III - Real Estate an_5
Schedule III - Real Estate and Accumulated Depreciation - Changes in Real Estate Assets (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Balance, beginning of period | $ 11,877,190,495 | $ 12,653,444,998 | $ 12,008,075,148 |
Acquisitions | 43,970,631 | 3,420,020 | 438,125,265 |
Improvements | 404,210,910 | 554,408,568 | 414,955,609 |
Transfers from unconsolidated joint ventures | 0 | 0 | 329,194,717 |
Change in exchange rate | 0 | 0 | 1,035,816 |
Sales | (190,859,948) | (767,246,512) | (315,954,464) |
Transfers to operating lease right-of-use assets, net | (8,525,554) | 0 | 0 |
Transfers to unconsolidated joint ventures | 0 | (315,728,832) | 0 |
Assets held for sale | (116,747,783) | (69,741,938) | (56,187,719) |
Adjustment for fully depreciated assets | (43,080,882) | (72,992,791) | (107,660,366) |
Adjustment of property carrying values | (36,881,416) | (108,373,018) | (58,139,008) |
Balance, end of period | $ 11,929,276,453 | $ 11,877,190,495 | $ 12,653,444,998 |
Schedule III - Real Estate an_6
Schedule III - Real Estate and Accumulated Depreciation - Changes in Accumulated Depreciation (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Balance, beginning of period | $ 2,385,287,743 | $ 2,433,052,747 | $ 2,278,291,645 |
Depreciation for year | 260,533,557 | 293,667,298 | 368,919,387 |
Sales | (55,437,757) | (239,277,690) | (86,798,173) |
Transfers to operating lease liabilities | (1,342,030) | 0 | 0 |
Transfers to unconsolidated joint ventures | 0 | (11,634,554) | 0 |
Assets held for sale | (32,642,081) | (17,527,267) | (19,699,746) |
Adjustment for fully depreciated assets/other | (56,346,790) | (72,992,791) | (107,660,366) |
Balance, end of period | $ 2,500,052,642 | $ 2,385,287,743 | $ 2,433,052,747 |
Schedule IV - Mortgage Loans _3
Schedule IV - Mortgage Loans on Real Estate (Details Textual) $ in Millions | Dec. 31, 2019USD ($) |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Federal Income Tax Basis | $ 7.8 |
Schedule IV - Mortgage Loans _4
Schedule IV - Mortgage Loans on Real Estate - Mortgage Loans on Real Estate (Details) - USD ($) $ in Thousands | 12 Months Ended | ||||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||
Carrying amount | $ 7,829 | $ 14,448 | $ 21,838 | $ 23,197 | |
Mortgage Loans [Member] | |||||
Face amount | 8,679 | ||||
Carrying amount | [1] | 7,387 | |||
Other Financing Loans [Member] | |||||
Face amount | 9,454 | ||||
Carrying amount | [1] | $ 7,828 | |||
Retail Site [Member] | Las Vegas, NV [Member] | Borrower A [Member] | Mortgage Loans [Member] | |||||
Interest rate | 12.00% | ||||
Face amount | $ 3,075 | ||||
Carrying amount | [1] | $ 3,075 | |||
Retail Site [Member] | Walker, MI [Member] | Borrower B [Member] | Mortgage Loans [Member] | |||||
Interest rate | 4.00% | ||||
Face amount | $ 3,750 | ||||
Carrying amount | [1] | $ 3,750 | |||
Nonretail [Member] | Other Financing Loans [Member] | Charlie Browns License [Member] | |||||
Interest rate | 2.28% | ||||
Face amount | $ 600 | ||||
Carrying amount | [1] | $ 291 | |||
Nonretail [Member] | Other Financing Loans [Member] | RONA Capital Partners [Member] | |||||
Interest rate | 6.20% | ||||
Face amount | $ 175 | ||||
Carrying amount | [1] | $ 150 | |||
Nonretail [Member] | Commack, NY [Member] | Borrower C [Member] | Mortgage Loans [Member] | |||||
Interest rate | 7.41% | ||||
Face amount | $ 1,354 | ||||
Carrying amount | [1] | $ 301 | |||
Nonretail [Member] | Melbourne, FL [Member] | Borrower D [Member] | |||||
Interest rate | 6.88% | ||||
Face amount | $ 500 | ||||
Carrying amount | [1] | $ 261 | |||
[1] | The aggregate cost for Federal income tax purposes was approximately $7.8 million as of December 31, 2019. |