XML 51 R39.htm IDEA: XBRL DOCUMENT v3.8.0.1
Note 2 - Operating Property Activities (Details Textual)
ft² in Thousands
1 Months Ended 9 Months Ended
Sep. 30, 2017
USD ($)
ft²
Sep. 30, 2017
USD ($)
ft²
Sep. 30, 2016
USD ($)
Dec. 31, 2016
USD ($)
Proceeds from Delayed Tax Exempt Exchange   $ 115,900,000    
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual   17,800,000 $ 12,100,000  
Asset Impairment Charges   $ 34,280,000 $ 68,126,000  
Number of Properties Held-for-Sale   1    
Real Estate Held-for-sale $ 14,900,000 $ 14,900,000    
Real Estate Investment Property, Accumulated Depreciation $ 2,458,806,000 $ 2,458,806,000   $ 2,278,292,000
Gross Leasable Area | ft² [1] 2,030 2,030    
Properties Affected By Hurricane Maria [Member] | PUERTO RICO        
Number of Real Estate Properties 7 7    
Maximum Coverage per Property Damage Claim $ 62,000,000      
Maximum Coverage per Business Interruption Claim 39,300,000      
Business Interruption Insurance, Deductible $ 1,200,000      
Gross Leasable Area | ft² 2,500 2,500    
Operating Properties Varying in Impact by Hurricane Maria [Member] | PUERTO RICO        
Number of Real Estate Properties 5 5    
Operating Properties Less Impacted by Hurricane Maria [Member] | PUERTO RICO        
Number of Real Estate Properties 2 2    
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member]        
Proceeds from Sale of Real Estate   $ 230,200,000    
Gains (Losses) on Sales of Investment Real Estate   62,100,000    
Asset Impairment Charges   $ 13,000,000    
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | Consolidated Operating Properties [Member]        
Number of Properties Disposed of   15    
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | Land Parcels [Member]        
Number of Properties Disposed of   8    
Disposal Group, Held-for-sale, Not Discontinued Operations [Member]        
Asset Impairment Charges   $ 16,200,000    
Real Estate Investment Property, Accumulated Depreciation $ 2,900,000 2,900,000    
Disposal Group, Expected to Market for Sale, Not Discontinued Operations [Member]        
Asset Impairment Charges   $ 5,100,000    
The District at Tustin Legacy [Member]        
Business Combination, Step Acquisition, Equity Interest in Acquiree, Including Subsequent Acquisition, Percentage 54.27% 54.27%    
Gross Leasable Area | ft² [1],[2],[3] 688 688    
[1] Gross leasable area ("GLA")
[2] Effective April 1, 2017, the Company and its partner amended its joint venture agreement relating to the Company's investment in this property. As a result of this amendment, the Company now controls the entity and consolidates the property. This entity is deemed to be a VIE for which the Company is the primary beneficiary.
[3] The Company evaluated these transactions pursuant to the FASB's Consolidation guidance and as a result, recognized gains on change in control of interests resulting from the fair value adjustments associated with the Company's previously held equity interests, which are included in the purchase price above in Other Consideration. The Company’s current ownership interests and gains on change in control of interests recognized as a result of these transactions are as follows (in thousands): Property Name Current Ownership Interest Gain on change in control of interests Plantation Commons 76.25% $9,793 Gordon Plaza 40.62% 395 The District at Tustin Legacy (a) 60,972 $71,160 (a) The Company's share of this investment is subject to change as a result of a waterfall computation which is dependent upon property cash flows (54.27% as of date of consolidation).