LEASES (Tables)

12 Months Ended

Dec. 31, 2014

Operating Leased Assets [Line Items]

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

Minimum future lease payments due in each of the next five years and thereafter are as follows:

(in thousands of dollars) For the Year Ending December 31,	Operating Leases		Ground Leases
2015	$	2,089	$	167
2016	1,861		167
2017	1,680		167
2018	1,547		150
2019	1,168		79
2020 and thereafter	—		1,497
	$	8,345	$	2,227

Leases Disclosure [Text Block]

LEASES

As Lessor

Our retail properties are leased to tenants under operating leases with various expiration dates ranging through 2095. Future minimum rent under noncancelable operating leases with terms greater than one year is as follows:

(in thousands of dollars) For the Year Ending December 31,
2015	$	239,516
2016	204,139
2017	169,321
2018	141,865
2019	114,389
2020 and thereafter	399,892
	$	1,269,122

The total future minimum rent as presented does not include amounts that may be received as tenant reimbursements for certain operating costs or contingent amounts that may be received as percentage rent.

As Lessee

We have operating leases for our corporate office space (see note 10) and for various computer, office and mall equipment. Furthermore, we are the lessee under third-party ground leases for portions of the land at four of our properties (Crossroads Mall, Exton Square Mall, Plymouth Meeting Mall and Uniontown Mall). Total amounts expensed relating to such leases were $2.3 million, $2.5 million and $3.2 million for the years ended December 31, 2014, 2013 and 2012, respectively. We account for ground rent and capital lease expense on a straight line basis. Minimum future lease payments due in each of the next five years and thereafter are as follows:

(in thousands of dollars) For the Year Ending December 31,	Operating Leases		Ground Leases
2015	$	2,089	$	167
2016	1,861		167
2017	1,680		167
2018	1,547		150
2019	1,168		79
2020 and thereafter	—		1,497
	$	8,345	$	2,227

Schedule Of Future Minimum Lease Payments Receivable On Noncancelable Operating Leases [Table Text Block]

Our retail properties are leased to tenants under operating leases with various expiration dates ranging through 2095. Future minimum rent under noncancelable operating leases with terms greater than one year is as follows:

(in thousands of dollars) For the Year Ending December 31,
2015	$	239,516
2016	204,139
2017	169,321
2018	141,865
2019	114,389
2020 and thereafter	399,892
	$	1,269,122