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Note 2 - Operating Property Activities (Detail) - Acquisitions Details (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
sqft
Dec. 31, 2011
sqft
Jan. 31, 2012
Woodbridge S.C. [Member]
sqft
Jan. 31, 2012
Bell Camino Center [Member]
sqft
Feb. 29, 2012
Olympia West Outparcel [Member]
sqft
Mar. 31, 2012
Frontier Village [Member]
sqft
Mar. 31, 2012
Silverdale S.C. [Member]
sqft
Jan. 31, 2012
Various 31 Properties [Member]
sqft
Jan. 31, 2012
Duncan, SC [Member]
sqft
Mar. 31, 2012
Various 30 Properties [Member]
sqft
Mar. 31, 2012
Peru, IL [Member]
sqft
Apr. 30, 2012
Towson Place [Member]
sqft
May 31, 2012
Prien Lake Outparcel [Member]
sqft
Jun. 30, 2012
Devon Village [Member]
sqft
Jun. 30, 2012
Various, NC [Member]
sqft
Purchase Price (Cash) $ 270,715   $ 9,000 $ 4,185 $ 1,200 $ 12,231 [1] $ 8,335 [1] $ 30,753 [2] $ 1,048 [3] $ 39,493 [2] $ 995 [3] $ 69,375 [4] $ 1,800 $ 28,550 $ 63,750
Purchase Price (Debt Assumed) 116,735     4,210   30,900 [1] 24,000 [1]         57,625 [4]      
Purchase Price (Total) $ 387,450   $ 9,000 $ 8,395 $ 1,200 $ 43,131 [1] $ 32,335 [1] $ 30,753 [2] $ 1,048 [3] $ 39,493 [2] $ 995 [3] $ 127,000 [4] $ 1,800 $ 28,550 $ 63,750
GLA (in Square feet) 1,863,000 [5] 84,400,000 97,000 [5] 63,000 [5] 6,000 [5] 195,000 [1],[5] 170,000 [1],[5] 83,000 [2],[5] 3,000 [3],[5] 107,000 [2],[5] 4,000 [3],[5] 680,000 [4],[5] 8,000 [5] 79,000 [5] 368,000 [5]
[1] These properties were acquired from a joint venture in which the Company has a 15% noncontrolling interest. The Company evaluated these transactions pursuant to the FASB's Consolidation guidance and as such recognized an aggregate gain of $2.0 million from the fair value adjustment associated with its original ownership due to a change in control and is included in Equity in income of joint ventures, net on the Company's Condensed Consolidated Statements of Income.
[2] Acquired an aggregate of 61 parcels net leased to restaurants through a consolidated joint venture, in which the Company has a 99.1% controlling interest.
[3] Acquired an aggregate of two parcels net leased to restaurants through a consolidated joint venture, in which the Company has a 92.0% controlling interest.
[4] This property was acquired from a joint venture in which the Company had a 30% noncontrolling interest. The Company evaluated this transaction pursuant to the FASB's Consolidation guidance and as such recognized a gain of $12.1 million from the fair value adjustment associated with its original ownership due to a change in control. In addition, the Company recognized promote income of $1.1 million in connection with this transaction. The gain and promote income are included in Equity in income of joint ventures, net on the Company's Condensed Consolidated Statements of Income. Additionally, the debt assumed in connection with this transaction of $57.6 million was repaid in May 2012.
[5] Gross leasable area ("GLA")