XML 52 R14.htm IDEA: XBRL DOCUMENT v2.4.0.8
Cash Flow Information
9 Months Ended
Sep. 30, 2014
Supplemental Cash Flow Elements [Abstract]  
Cash Flow Information
CASH FLOW INFORMATION

Cash paid for interest was $55.8 million (net of capitalized interest of $0.5 million) and $73.1 million (net of capitalized interest of $0.6 million) for the nine months ended September 30, 2014 and 2013, respectively.

In our statement of cash flows, we show cash flows on our revolving facilities on a net basis. Aggregate borrowings on our revolving facilities were $140.0 million and $432.5 million for the nine months ended September 30, 2014 and 2013, respectively. Aggregate paydowns were $270.0 million and $342.5 million for the nine months ended September 30, 2014 and 2013, respectively.

In July 2014, we entered into a 50/50 joint venture with The Macerich Company to redevelop The Gallery at Market East in Philadelphia, Pennsylvania. We contributed and sold real estate assets to the venture and Macerich acquired its interest in the venture and real estate from us. In connection with the transaction, we reclassified the retained assets of The Gallery at Market East of approximately $106.9 million from Operating Properties to the line item, “Investments in partnerships, at equity.”