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Mortgage Loans On Real Estate
 12 Months Ended
Dec. 31, 2012
Mortgage Loans on Real Estate [Abstract]  
Mortgage Loans On Real Estate
Schedule IV
WEINGARTEN REALTY INVESTORS
MORTGAGE LOANS ON REAL ESTATE
DECEMBER 31, 2012
(Amounts in thousands)
 
State
 
Interest
Rate
 
Final
Maturity
Date
 
Periodic
Payment
Terms
 
Face
Amount of
Mortgages
 
Carrying
Amount of
Mortgages
(1)
 
Principal
Amount of
Loans
Subject to
Delinquent
Principal
or Interest
(2)
Shopping Centers:
 
 
 
 
 
 
 
 
 
 
 
 
 
First Mortgages:
 
 
 
 
 
 
 
 
 
 
 
 
 
363-410 Burma, LLC
TN
 
6.50%
 
03/01/2013
 
$213 Annual P&I
 
$
2,291

 
$
2,291

 
 
College Park Realty
Company
NV
 
7.00%
 
10/31/2053
 
At Maturity
 
3,410

 
3,410

 
 
American National
Insurance Company
TX
 
5.95%
 
01/01/2014
 
$136 Annual P&I
 
1,405

 
1,405

 
 
Construction Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
WRI Alliance Riley
Venture-Tranche A
CA
 
5.34%
 
01/01/2014
 
$4,175 Annual P&I
 
55,434

 
55,434

 
 
WRI Alliance Riley
Venture-Tranche B
CA
 
10.00%
 
01/01/2014
 
$157 Annual P&I
 
740

 
740

 
 
Weingarten I-4 Clermont
Landing, LLC
FL
 
2.92%
 
06/30/2014
 
$779 Annual P&I
 
12,254

 
12,254

 
 
Weingarten Miller
Equiwest Salt Lake, LLC
UT
 
7.22%
 
11/19/2012
 
At Maturity
 
16,128

 
16,128

 
$
16,128

Total Mortgage Loans on
Real Estate
 
 
 
 
 
 
 
 
$
91,662

 
$
91,662

 
$
16,128

 
 
(1)
The aggregate cost at December 31, 2012 for federal income tax purposes is $91.7 million, and there are no prior liens to be disclosed.
(2)
The repayment of this note is being negotiated, and we do not expect to incur a loss associated with this transaction.
Changes in mortgage loans are summarized below (in thousands):
 
Year Ended December 31,
 
2012
 
2011
 
2010
Balance, Beginning of Year
$
159,916

 
$
192,092

 
$
267,222

New Loans
—

 
—

 
4,912

Additions to Existing Loans (1)
734

 
4,161

 
11,961

Collections/Reductions of Principal
(68,988
)
 
(14,464
)
 
(20,124
)
Reduction of Principal due to Business Combination (2)
—

 
(21,873
)
 
(71,879
)
Balance, End of Year
$
91,662

 
$
159,916

 
$
192,092

 
 
(1)
The caption above, “Additions to Existing Loans” also includes accrued interest.
(2)
Effective April 13, 2011, we acquired our partner’s 50% interest in an unconsolidated real estate joint venture related to a development property in Palm Coast, Florida. Effective April 1, 2010, we assumed control of two 50%-owned unconsolidated real estate joint ventures related to a development project in Sheridan, Colorado, which had previously been accounted for under the equity method. The notes associated with these transactions are reported as a reduction in the preceding table for the respective years. For 2011, see Note 23 for additional information.