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Note 2 - Operating Property Activities (Detail) - Acquisitions (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
sqft
Purchase Price (Cash) $ 66,275
Purchase Price (Debt Assumed) 126,295
Purchase Price (Other) 28,393
Purchase Price (Total) 220,963
GLA (in Square Feet) 1,063,000 [1]
Santee Trolley Square [Member]
 
Purchase Price (Cash) 26,863 [2]
Purchase Price (Debt Assumed) 48,456 [2]
Purchase Price (Other) 22,681 [2]
Purchase Price (Total) 98,000 [2]
GLA (in Square Feet) 311,000 [1],[2]
Shops at Kildeer [Member]
 
Purchase Price (Cash)    [3]
Purchase Price (Debt Assumed) 32,724 [3]
Purchase Price (Other)    [3]
Purchase Price (Total) 32,724 [3]
GLA (in Square Feet) 168,000 [1],[3]
Village Commons S.C. [Member]
 
Purchase Price (Cash) 7,100
Purchase Price (Total) 7,100
GLA (in Square Feet) 125,000 [1]
Putty Hill Plaza [Member]
 
Purchase Price (Cash) 4,592 [4]
Purchase Price (Debt Assumed) 9,115 [4]
Purchase Price (Other) 489 [4]
Purchase Price (Total) 14,196 [4]
GLA (in Square Feet) 91,000 [1],[4]
Columbia Crossing II S.C. [Member]
 
Purchase Price (Cash) 21,800
Purchase Price (Total) 21,800
GLA (in Square Feet) 101,000 [1]
Roseville Plaza [Member]
 
Purchase Price (Cash) 5,143
Purchase Price (Total) 5,143
GLA (in Square Feet) 80,000 [1]
Wilton River Park [Member]
 
Purchase Price (Cash) 777 [5]
Purchase Price (Debt Assumed) 36,000 [5]
Purchase Price (Other) 5,223 [5]
Purchase Price (Total) $ 42,000 [5]
GLA (in Square Feet) 187,000 [1],[5]
[1] Gross leasable area ("GLA")
[2] This property was acquired from a joint venture in which the Company had a 45% noncontrolling interest. The Company evaluated this transaction pursuant to the FASB's Consolidation guidance and as such recognized a gain of $22.7 million, before income tax, from the fair value adjustment associated with the Company's original ownership due to a change in control, which is reflected in the purchase price above in Other.
[3] This property was acquired from a joint venture in which the Company had a 19% 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.
[4] The Company acquired the remaining 80% interest in an operating property from an unconsolidated joint venture in which the Company had a 20% noncontrolling interest. The Company evaluated this transaction pursuant to the FASB's Consolidation guidance and as such recognized a gain of $0.5 million from the fair value adjustment associated with the Company's original ownership due to a change in control, which is reflected in the purchase price above in Other.
[5] The acquisition of this property included the issuance of $5.2 million of redeemable units, which are redeemable at the option of the holder after one year and earn a yield of 6% per annum, which is included in the purchase price above in Other. In connection with this transaction, the Company provided the sellers a $5.2 million loan at a rate of 6.5%, which is secured by the redeemable units.