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Note 11 - Mortgages Payable
9 Months Ended
Sep. 30, 2012
Debt Disclosure [Text Block]
11. Mortgages Payable

During the nine months ended September 30, 2012, the Company (i) assumed $163.4 million of individual non-recourse mortgage debt relating to the acquisition of six operating properties, including an increase of $4.2 million associated with fair value debt adjustments, (ii) paid off $212.1 million of mortgage debt that encumbered 14 properties and (iii) assigned three mortgages aggregating $13.7 million in connection with property dispositions.

Mortgages payable, collateralized by certain shopping center properties and related tenants' leases, are generally due in monthly installments of principal and/or interest, which mature at various dates through 2031. Interest rates range from LIBOR (0.21% as of September 30, 2012) to 9.75% (weighted-average interest rate of 6.16% as of September 30, 2012).  The scheduled principal payments (excluding any extension options available to the Company) of all mortgages payable, excluding unamortized fair value debt adjustments of $9.8 million, as of September 30, 2012, were as follows (in millions): 2012, $31.7; 2013, $123.0; 2014, $225.2; 2015, $131.8; 2016, $233.7; and thereafter, $260.1.