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Note 2 - Operating Property Activities - Acquisition of Operating Properties (Details)
ft² in Thousands, $ in Thousands
9 Months Ended
Sep. 30, 2017
USD ($)
ft²
Purchase Price, Cash $ 226,861 [1]
Purchase Price, Debt Assumed 206,000
Purchase Price, Other 114,098 [2]
Purchase Price, Total $ 546,959
Purchase Price, GLA (Square Foot) | ft² 2,030 [3]
Plantation Commons [Member]  
Purchase Price, Cash [1],[4],[5]
Purchase Price, Debt Assumed [4],[5]
Purchase Price, Other 12,300 [2],[4],[5]
Purchase Price, Total $ 12,300 [4],[5]
Purchase Price, GLA (Square Foot) | ft² 60 [3],[4],[5]
Gordon Plaza [Member]  
Purchase Price, Cash [1],[4],[5]
Purchase Price, Debt Assumed [4],[5]
Purchase Price, Other 3,100 [2],[4],[5]
Purchase Price, Total $ 3,100 [4],[5]
Purchase Price, GLA (Square Foot) | ft² 184 [3],[4],[5]
Plaza Del Prado [Member]  
Purchase Price, Cash $ 39,063 [1]
Purchase Price, Debt Assumed
Purchase Price, Other [2]
Purchase Price, Total $ 39,063
Purchase Price, GLA (Square Foot) | ft² 142 [3]
Columbia Crossing Parcel [Member]  
Purchase Price, Cash $ 5,100 [1]
Purchase Price, Debt Assumed
Purchase Price, Other [2]
Purchase Price, Total $ 5,100
Purchase Price, GLA (Square Foot) | ft² 25 [3]
The District at Tustin Legacy [Member]  
Purchase Price, Cash [1],[5],[6]
Purchase Price, Debt Assumed 206,000 [5],[6]
Purchase Price, Other 98,698 [2],[5],[6]
Purchase Price, Total $ 304,698 [5],[6]
Purchase Price, GLA (Square Foot) | ft² 688 [3],[5],[6]
Jantzen Beach Center [Member]  
Purchase Price, Cash $ 131,927 [1]
Purchase Price, Debt Assumed
Purchase Price, Other [2]
Purchase Price, Total $ 131,927
Purchase Price, GLA (Square Foot) | ft² 722 [3]
Del Monte Plaza Parcel [Member]  
Purchase Price, Cash $ 24,152 [1]
Purchase Price, Debt Assumed
Purchase Price, Other [2]
Purchase Price, Total $ 24,152
Purchase Price, GLA (Square Foot) | ft² 83 [3]
Gateway Station Phase II [Member]  
Purchase Price, Cash $ 15,355 [1]
Purchase Price, Debt Assumed
Purchase Price, Other [2]
Purchase Price, Total $ 15,355
Purchase Price, GLA (Square Foot) | ft² 79 [3]
Jantzen Beach Center Parcel [Member]  
Purchase Price, Cash $ 6,279 [1]
Purchase Price, Debt Assumed
Purchase Price, Other [2]
Purchase Price, Total $ 6,279
Purchase Price, GLA (Square Foot) | ft² 25 [3]
Webster Square Outparcel [Member]  
Purchase Price, Cash $ 4,985 [1]
Purchase Price, Debt Assumed
Purchase Price, Other [2]
Purchase Price, Total $ 4,985
Purchase Price, GLA (Square Foot) | ft² 22 [3]
[1] The Company utilized an aggregate $115.9 million associated with Internal Revenue Code 1031 sales proceeds.
[2] Includes the Company's previously held equity interest investment.
[3] Gross leasable area ("GLA")
[4] The Company acquired from its partners, their ownership interest in properties that were held in joint ventures in which the Company had noncontrolling interests. The Company now has a controlling interest in these properties and has deemed these entities to be VIEs for which the Company is the primary beneficiary and now consolidates these assets.
[5] 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).
[6] 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.