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Note 2 - Operating Property Activities (Detail) - Acquisitions (USD $)
In Thousands, unless otherwise specified
Sep. 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
Jul. 31, 2012
Lake Jackson [Member]
sqft
Jul. 31, 2012
Woodlawn S.C. [Member]
sqft
Jul. 31, 2012
Columbia Crossing [Member]
sqft
Jul. 31, 2012
Pompano Beach [Member]
sqft
Jul. 31, 2012
Various 6 Properties [Member]
sqft
Aug. 31, 2012
Wilton S.C. [Member]
sqft
Aug. 31, 2012
Hawthorne Hills S. C. [Member]
sqft
Purchase Price (Cash) $ 349,390   $ 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 $ 5,500 [5] $ 7,050 $ 11,060 $ 12,180 [6] $ 8,111 [2] $ 18,800 $ 15,974
Purchase Price (Debt Assumed) 159,198     4,210   30,900 [1] 24,000 [1]         57,625 [4]                 20,900 21,563
Purchase Price (Total) $ 508,588   $ 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 $ 5,500 [5] $ 7,050 $ 11,060 $ 12,180 [6] $ 8,111 [2] $ 39,700 $ 37,537
GLA (in Square feet) 2,493,000 [7] 84,400,000 97,000 [7] 63,000 [7] 6,000 [7] 195,000 [1],[7] 170,000 [1],[7] 83,000 [2],[7] 3,000 [3],[7] 107,000 [2],[7] 4,000 [3],[7] 680,000 [4],[7] 8,000 [7] 79,000 [7] 368,000 [7] 35,000 [5],[7] 137,000 [7] 69,000 [7] 81,000 [6],[7] 19,000 [2],[7] 96,000 [7] 193,000 [7]
[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 which is included in Equity in income of joint ventures, net on the Company's Condensed Consolidated Statements of Income.
[2] Acquired an aggregate of 67 parcels net leased to restaurants through a consolidated joint venture, in which the Company has a 99.1% controlling interest. During July 2012, the Company purchased the remaining 0.9% interest for $0.7 million.
[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. During July 2012, the Company sold 4% of its interest for $0.1 million. The Company continues to have a controlling interest in the joint venture and therefore continues to consolidate this investment.
[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] The Company acquired this property from a preferred equity investment in which the Company held a noncontrolling interest. The Company evaluated this transaction pursuant to the FASB's Consolidation guidance. This transaction resulted in a change in control with no gain or loss recognized.
[6] This property was acquired from a joint venture in which the Company had a 50% noncontrolling interest. The Company evaluated this transaction pursuant to the FASB's Consolidation guidance. This transaction resulted in a change in control with no gain or loss recognized.
[7] Gross leasable area ("GLA")