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Investments in Unconsolidated Joint Ventures (Tables)
 6 Months Ended
Jun. 30, 2011
Notes to Financial Statements [Abstract]  
Beneficial Interests In Joint Ventures
Shopping Center
Ownership as of
June 30, 2011 and
December 31, 2010
Arizona Mills
50%
Fair Oaks
50
The Mall at Millenia
50
Stamford Town Center
50
Sunvalley
50
Waterside Shops
25
Westfarms
79
Combined Financial Information
 
June 30 2011
 
December 31

2010
Assets:
 
 
 
Properties
$
1,097,724


 
$
1,092,916


Accumulated depreciation and amortization
(432,423
)
 
(417,712
)
 
$
665,301


 
$
675,204


Cash and cash equivalents
20,408


 
21,339


Accounts and notes receivable, less allowance for doubtful accounts of $1,443 and $1,471 in 2011 and 2010
18,813


 
26,288


Deferred charges and other assets
17,965


 
18,891


 
$
722,487


 
$
741,722


 
 
 
 
Liabilities and accumulated deficiency in assets:
 


 
 


Notes payable
$
1,119,746


 
$
1,125,618


Accounts payable and other liabilities
33,641


 
37,292


TRG's accumulated deficiency in assets
(228,961
)
 
(224,636
)
Unconsolidated Joint Venture Partners' accumulated deficiency in assets
(201,939
)
 
(196,552
)
 
$
722,487


 
$
741,722


 
 
 
 
TRG's accumulated deficiency in assets (above)
$
(228,961
)
 
$
(224,636
)
TRG basis adjustments, including elimination of intercompany profit
68,013


 
68,682


TCO's additional basis
61,775


 
62,747


Net Investment in Unconsolidated Joint Ventures
$
(99,173
)
 
$
(93,207
)
Distributions in excess of investments in and net income of Unconsolidated Joint Ventures
173,093


 
170,329


Investment in Unconsolidated Joint Ventures
$
73,920


 
$
77,122




 
Three Months Ended June 30
 
Six Months Ended June 30
 
2011
 
2010
 
2011
 
2010
Revenues
$
62,918


 
$
63,722


 
$
126,277


 
$
127,062


Maintenance, taxes, utilities, promotion, and other operating expenses
$
20,769


 
$
22,845


 
$
41,006


 
$
43,675


Interest expense
13,949


 
15,916


 
29,545


 
31,734


Depreciation and amortization
8,952


 
8,880


 
18,137


 
18,172


Total operating costs
$
43,670


 
$
47,641


 
$
88,688


 
$
93,581


Nonoperating income
5


 
(11
)
 
10


 
1


Net income
$
19,253


 
$
16,070


 
$
37,599


 
$
33,482


 
 
 
 
 
 
 
 
Net income attributable to TRG
$
10,825


 
$
9,345


 
$
21,294


 
$
19,238


Realized intercompany profit, net of depreciation on TRG’s basis adjustments
546


 
646


 
710


 
975


Depreciation of TCO's additional basis
(485
)
 
(486
)
 
(972
)
 
(973
)
Equity in income of Unconsolidated Joint Ventures
$
10,886


 
$
9,505


 
$
21,032


 
$
19,240


 
 
 
 
 
 
 
 
Beneficial interest in Unconsolidated Joint Ventures’ operations:
 


 
 


 
 


 
 


Revenues less maintenance, taxes, utilities, promotion, and other operating expenses
$
23,511


 
$
23,076


 
$
47,220


 
$
46,491


Interest expense
(7,247
)
 
(8,248
)
 
(15,324
)
 
(16,450
)
Depreciation and amortization
(5,378
)
 
(5,323
)
 
(10,864
)
 
(10,801
)
Equity in income of Unconsolidated Joint Ventures
$
10,886


 
$
9,505


 
$
21,032


 
$
19,240