Schedule III Changes in Real Estate and Accum Deprec (Tables)

12 Months Ended

Dec. 31, 2011

Real Estate and Accumulated Depreciation [Line Items]

Real Estate Disclosure [Text Block]

Real Estate Investments

Acquisitions

The following table provides a summary of shopping centers acquired during the year ended December 31, 2011 (in thousands):

Date Purchased	Property Name	City/State		Purchase Price	Debt Assumed, Net of Premiums	Intangible Assets	Intangible Liabilities
6/2/2011	Ocala Corners	Tallahassee, FL	$	11,129	5,937	1,724	2,558
8/18/2011	Oak Shade Town Center	Davis, CA		34,871	12,456	2,320	1,658
9/26/2011	Tech Ridge Center	Austin, TX		55,400	12,899	4,519	936
			$	101,400	31,292	8,563	5,152

In addition to the above shopping center acquisitions, on May 4, 2011, the Company entered into an agreement with the DESCO Group ("DESCO") to redeem its entire 16.35% interest in Macquarie CountryWide-Regency-DESCO, LLC ("MCWR-DESCO"). The agreement allowed for a distribution-in-kind ("DIK") of the assets in the co-investment partnership. The assets were distributed as 100% ownership interests to DESCO and to Regency after a selection process, as provided for by the agreement. Regency selected four assets, all in the St. Louis market. The properties which the Company received through the DIK were recorded at the carrying value of the Company's equity investment of $18.8 million. Additionally, as part of the agreement, Regency received a $5.0 million disposition fee at closing on May 4, 2011 to buyout its asset, property, and leasing management contracts, and received $1.0 million for transition services provided through 2011.

The following table provides a summary of shopping centers acquired during the year ended December 31, 2010 (in thousands):

Date Purchased	Property Name	City/State		Purchase Price	Debt Assumed, Net of Premiums	Intangible Assets	Intangible Liabilities
9/1/2010	Glen Oak Plaza	Glenview, IL	$	18,000	7,880	1,508	562
12/15/2010	Willow Festival	Northbrook, IL		64,000	49,505	9,173	1,534
			$	82,000	57,385	10,681	2,096

The acquisitions were accounted for as purchase business combinations and the results are included in the consolidated financial statements from the date of acquisition. During the years ended December 31, 2011 and 2010, the Company expensed approximately $707,000 and $448,000, respectively, of acquisition-related costs in connection with these property acquisitions, which are included in other operating expenses in the accompanying Consolidated Statements of Operations. The Company had no acquisition activity, other than through its investments in real estate partnerships during 2009. The actual, or pro-forma, impact of these acquired properties is not considered significant to the Company's operating results for the years ended December 31, 2011 and 2010.

The changes in total real estate assets for the years ended December 31, 2011, 2010, and 2009 are as follows:

	2011			2010		2009
Balance, beginning of year	$	3,989,154		3,933,778		4,042,487
Developed or acquired properties	198,836			93,759		180,346
Improvements	21,727			18,772		15,617
Sale of properties	(92,872		)	(14,503	)	(150,792	)
Properties held for sale	—			—		(19,647	)
Properties reclassed to held for use	—			—		(30,296	)
Provision for impairment	(14,933		)	(42,652	)	(103,937	)
Balance, end of year	$	4,101,912		3,989,154		3,933,778

Real Estate and Accumulated Depreciation Disclosure [Text Block]

The changes in accumulated depreciation for the years ended December 31, 2011, 2010, and 2009 are as follows:

	2011			2010		2009
Balance, beginning of year	$	700,878		622,163		554,595
Depreciation for year	107,932			99,554		97,019
Sale of properties	(14,101		)	(2,052	)	(31,792	)
Accumulated depreciation related to properties held for sale	—			—		(3,066	)
Accumulated depreciation related to properties reclassed to held for use	—			—		5,407
Provision for impairment	(3,090		)	(18,787	)	—
Balance, end of year	$	791,619		700,878		622,163