XML 57 R41.htm IDEA: XBRL DOCUMENT v3.3.1.900
Note 3 - Property Acquisitions, Developments and Other Investments (Tables)
12 Months Ended
Dec. 31, 2015
Business Combinations [Abstract]  
Schedule of Business Acquisitions, by Acquisition [Table Text Block]
        Purchase Price  

Property Name

Location

Month

Acquired

 

Cash*

   

Debt

Assumed

   

Other ***

   

Total

   

GLA**

 

Elmont Plaza

Elmont, NY (1)

Jan-15

  $ 2,400     $ -     $ 3,358     $ 5,758       13  

Garden State Pavilion Parcel

Cherry Hill, NJ

Jan-15

    16,300       -       -       16,300       111  

Kimstone Portfolio (39 properties)

Various (1)

Feb-15

    513,513       637,976       236,011       1,387,500       5,631  

Copperfield Village

Houston, TX

Feb-15

    18,700       20,800       -       39,500       165  

Snowden Square Parcel

Columbia, MD

Mar-15

    4,868       -       -       4,868       25  

Dulles Town Crossing Parcel

Sterling, VA

Mar-15

    4,830       -       -       4,830       9  

Flagler Park S.C.

Miami, FL

Mar-15

    1,875       -       -       1,875       5  

West Farms Parcel

New Britain, CT

Apr-15

    6,200       -       -       6,200       24  

Milleridge Inn

Jericho, NY

Apr-15

    7,500       -       -       7,500       -  

Woodgrove Festival (2 Parcels)

Woodridge, IL

Jun-15

    5,611       -       -       5,611       12  

Montgomery Plaza

Fort Worth , TX (1)

Jul-15

    34,522       29,311       9,044       72,877       291  

125 Coulter Avenue Parcel

Ardmore, PA

Sep-15

    1,925       -       -       1,925       6  

Conroe Marketplace

Conroe, TX (1)

Oct-15

    18,546       42,350       3,104       64,000       289  

Laurel Plaza

Laurel , MD

Oct-15

    1,200       -       -       1,200       4  

District Heights

District Heights, MD (1)

Nov-15

    13,140       13,255       950       27,345       91  

Village on the Park

Aurora , CO

Nov-15

    824       -       -       824       10  

Christown Mall

Phoenix , AZ

Nov-15

    51,351       63,899       -       115,250       833  

Washington St. Plaza Parcels

Brighton, MA

Dec-15

    8,750       -       -       8,750       -  
        $ 712,055     $ 807,591     $ 252,467     $ 1,772,113       7,519  
       

Purchase Price

 

Property Name

Location

Month

Acquired

 

Cash*

   

Debt
Assumed

   

Other***

   

Total

   

GLA**

 

North Valley Leasehold

Peoria, AZ

Jan-14

  $ 3,000     $ -     $ -     $ 3,000       -  

LaSalle Properties (3 properties)

Various (1)

Jan-14

    62,239       23,269       7,642       93,150       316  

Harrisburg Land Parcel

Harrisburg, PA

Jan-14

    2,550       -       -       2,550       -  

Crossroads Plaza

Cary, NC

Feb-14

    18,691       72,309       -       91,000       489  

Quail Corners

Charlotte, NC (2)

Mar-14

    9,398       17,409       4,943       31,750       110  

KIF 1 Portfolio (12 properties)

Various (1)

Apr-14

    128,699       157,010       122,291       408,000       1,589  

Fountain at Arbor Lakes (2 Parcels)

Maple Grove, MN

Apr-14

    900       -       -       900       -  

Boston Portfolio (24 properties)

Various

Apr-14

    149,486       120,514       -       270,000       1,426  

Vinnin Square

Swampscott, MA

May-14

    2,550       -       -       2,550       6  

SEB Portfolio (10 properties)

Various (1)

Jul-14

    69,261       193,600       12,911       275,772       1,415  

Highlands Ranch Parcel

Highlands Ranch, CO

Sep-14

    3,800       -       -       3,800       10  

BIG Portfolios (7 properties)

Various (1)

Oct-14

    -       118,439       76,511       194,950       1,148  

Springfield S.C.

Springfield, MO

Nov-14

    8,800       -       -       8,800       210  

North Quincy Plaza

Quincy, MA (1)

Dec-14

    20,470       -       2,530       23,000       81  

Belmart Plaza

West Palm Beach, FL (1)

Dec-14

    3,208       -       2,807       6,015       77  

Braelinn Village

Peachtree City, GA

Dec-14

    27,000       -       -       27,000       227  
        $ 510,052     $ 702,550     $ 229,635     $ 1,442,237       7,104  
Previous Ownership Interest [Table Text Block]

Property Name

 

Previous

Ownership

Interest

   

Gain on change

in control of

interests, net

 

Elmont Plaza

    50.0 %   $ (0.2 )

Kimstone Portfolio (39 properties)

    33.3 %     140.0  

Montgomery Plaza

    20.0 %     6.3  

Conroe Marketplace

    15.0 %     2.4  

District Heights

    15.0 %     0.7  
            $ 149.2  

Property Name

 

Previous

Ownership

Interest

   

Gain on change

in control of

interests, net

 

LaSalle Properties (3 properties)

    11.0 %   $ 3.7  

KIF 1 Portfolio (12 properties)

    39.1 %     65.6  

SEB Portfolio (10 properties)

    15.0 %     14.4  

BIG Portfolios (7 properties)

    50.1 %     19.5  

North Quincy Plaza

    11.0 %     2.2  

Belmart Plaza

    21.5 %     1.8  
            $ 107.2  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
   

Preliminary

Allocation

   

Allocation

Adjustments

(1)

   

Revised Allocation
as of December 31,

2015 

   

Weighted-Average Amortization Period

(in Years)

 

Land

  $ 482,422     $ (37,796 )   $ 444,626       -  

Buildings

    973,747       89,377       1,063,124       50.0  

Above market leases

    35,948       (1,766 )     34,182       7.2  

Below market leases

    (79,868 )     4,871       (74,997 )     17.7  

In-place leases

    180,069       (54,076 )     125,993       4.7  

Building improvements

    177,944       (8,828 )     169,116       45.0  

Tenant improvements

    26,596       8,218       34,814       6.1  

Mortgage fair value adjustment

    (27,615 )     -       (27,615 )     3.0  

Other assets

    3,058       -       3,058       -  

Other liabilities

    (188 )     -       (188 )     -  

Net assets acquired

  $ 1,772,113     $ -     $ 1,772,113          

Land

  $ 414,879  

Buildings

    679,753  

Above market leases

    30,307  

Below market leases

    (81,362 )

In-place leases

    113,513  

Building improvements

    290,882  

Tenant improvements

    26,536  

Mortgage fair value adjustment

    (39,368 )

Other assets

    7,097  

Other liabilities

    -  

Net assets acquired

  $ 1,442,237