Schedule IV - Mortgage Loans on Real Estate

12 Months Ended

Dec. 31, 2015

Mortgage Loans on Real Estate [Abstract]

Schedule IV - Mortgage Loans on Real Estate

FEDERAL REALTY INVESTMENT TRUST SCHEDULE IV MORTGAGE LOANS ON REAL ESTATE Year Ended December 31, 2015 (Dollars in thousands)
Column A	Column B	Column C	Column D	Column E		Column F		Column G			Column H
Description of Lien	Interest Rate	Maturity Date	Periodic Payment Terms	Prior Liens		Face Amount of Mortgages		Carrying Amount of Mortgages(1)			Principal Amount of Loans Subject to delinquent Principal or Interest
Mortgage on retail buildings in Philadelphia, PA	8% or 10% based on timing of draws, plus participation	May 2021	Interest only monthly; balloon payment due at maturity	$	—	$	20,653	$	20,653	(2)	$	—
Mortgage on retail buildings in Philadelphia, PA	10% plus participation	May 2021	Interest only monthly; balloon payment due at maturity	—		9,250		9,250			—
Mortgage on retail building in Norwalk, CT	7%	June 2015	Interest only; balloon payment due at maturity	—		11,715		11,715			11,715		(3	)
				$	—	$	41,618	$	41,618		$	11,715

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(1) For Federal tax purposes, the aggregate tax basis is approximately $41.6 million as of December 31, 2015.

(2) This mortgage is available for up to $25.0 million.

(3) This note matured on June 30, 2015, is currently in default, and we have initiated foreclosure proceedings. The estimated net realizable value of the related collateral supports the carrying amount of the note.

FEDERAL REALTY INVESTMENT TRUST SCHEDULE IV MORTGAGE LOANS ON REAL ESTATE - CONTINUED Three Years Ended December 31, 2015 Reconciliation of Carrying Amount (in thousands)
Balance, December 31, 2012	$	55,648
Deductions during period:
Collection and satisfaction of loans	(1,057		)
Amortization of discount	564
Balance, December 31, 2013	55,155
Deductions during period:
Collection and satisfaction of loans	(4,778		)
Amortization of discount	611
Balance, December 31, 2014	50,988
Additions during period:
Issuance of loans	368
Deductions during period:
Collection and satisfaction of loans	(10,692		)
Amortization of discount	954
Balance, December 31, 2015	$	41,618