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Note 4 - Property Acquisitions, Developments and Other Investments (Detail) - Acquisition of Operating Properties (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Cash/Net Assets and Liabilities $ 256,652 $ 112,537
Debt Assumed 117,912 138,768
Total 374,564 251,305
GLA 2,488,000.0 1,725.0
Foothills Mall [Member]
   
Cash/Net Assets and Liabilities   9,063 [1]
Debt Assumed   77,162 [1]
Total   86,225 [1]
GLA   515.0 [1]
Kenneth Hahn [Member]
   
Cash/Net Assets and Liabilities   8,563 [2]
Debt Assumed      [2]
Total   8,563 [2]
GLA   165.0 [2]
Wexford [Member]
   
Cash/Net Assets and Liabilities   1,657 [3]
Debt Assumed   12,500 [3]
Total   14,157 [3]
GLA   142.0 [3]
Riverplace [Member]
   
Cash/Net Assets and Liabilities   35,560
Total   35,560
GLA   257.0
Cave Springs [Member]
   
Cash/Net Assets and Liabilities   510 [4]
Debt Assumed      [4]
Total   510 [4]
GLA      [4]
Woodruff Shopping Center [Member]
   
Cash/Net Assets and Liabilities   18,380
Total   18,380
GLA   116.0
Haverhill Plaza [Member]
   
Cash/Net Assets and Liabilities   3,307 [5]
Debt Assumed   7,099 [5]
Total   10,406 [5]
GLA   63 [5]
Midtown Commons [Member]
   
Cash/Net Assets and Liabilities   23,840
Total   23,840
GLA   137.0
Chevron Parcel [Member]
   
Cash/Net Assets and Liabilities   1,700 [4]
Debt Assumed      [4]
Total   1,700 [4]
GLA   2 [4]
Dunhill [Member]
   
Cash/Net Assets and Liabilities   9,957 [6]
Debt Assumed   42,007 [6]
Total   $ 51,964 [6]
GLA   328.0 [6]
[1] The Company acquired this property from a preferred equity investment in which the Company held a noncontrolling interest. There was no gain or loss recognized in connection with this change in control. The $77.2 million of assumed debt includes a decrease of approximately $3.8 million associated with a fair value debt adjustment relating to the property's purchase price allocation. During August 2010, the Company sold all of its interest in this property, see disposition discussion below.
[2] The Company acquired this property through the purchase of an additional ownership interest in a joint venture in which the Company had previously held an 11.25% noncontrolling ownership interest. As a result of this transaction the Company now holds a 75% controlling interest and consolidates this entity. There was no gain or loss recognized in connection with this change in control.
[3] The Company acquired this property from a joint venture in which the Company holds a 15% noncontrolling ownership interest. The debt assumed is a non-recourse mortgage which bears interest at a rate of 5.54% and is scheduled to mature in 2016. The mortgage also provides the lender with 50% of the excess cash flow, if any, up to $8.7 million after the Company receives its invested capital plus a stated return. There was no gain or loss recognized in connection with this change in control.
[4] The Company purchased these adjacent land parcels next to existing properties that the Company currently owns.
[5] The Company took over control of this property from a preferred equity investment in which the Company held a noncontrolling interest and therefore now consolidates this entity. There was no gain or loss recognized in connection with this change in control.
[6] The Company acquired these properties from three preferred equity investments in which the Company held noncontrolling interests. The $42.0 million of assumed debt includes a decrease of approximately $0.6 million associated with a fair value debt adjustment relating to the property's purchase price allocation. There were no gains or losses recognized in connection with these changes in control.