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Investments in Unconsolidated Joint Ventures (Tables)
9 Months Ended
Sep. 30, 2011
Notes to Financial Statements [Abstract] 
Equity Method Investment Summarized Financial Information Text Block
 
September 30 2011
 
December 31
2010
Assets:
 
 
 
Properties
$
1,103,915

 
$
1,092,916

Accumulated depreciation and amortization
(439,692
)
 
(417,712
)
 
$
664,223

 
$
675,204

Cash and cash equivalents
18,688

 
21,339

Accounts and notes receivable, less allowance for doubtful accounts of $1,562 and $1,471 in 2011 and 2010
19,812

 
26,288

Deferred charges and other assets
20,258

 
18,891

 
$
722,981

 
$
741,722

 
 
 
 
Liabilities and accumulated deficiency in assets:
 

 
 

Notes payable
$
1,141,851

 
$
1,125,618

Accounts payable and other liabilities
52,217

 
37,292

TRG's accumulated deficiency in assets
(248,498
)
 
(224,636
)
Unconsolidated Joint Venture Partners' accumulated deficiency in assets
(222,589
)
 
(196,552
)
 
$
722,981

 
$
741,722

 
 
 
 
TRG's accumulated deficiency in assets (above)
$
(248,498
)
 
$
(224,636
)
TRG basis adjustments, including elimination of intercompany profit
67,763

 
68,682

TCO's additional basis
61,288

 
62,747

Net Investment in Unconsolidated Joint Ventures
$
(119,447
)
 
$
(93,207
)
Distributions in excess of investments in and net income of Unconsolidated Joint Ventures
193,353

 
170,329

Investment in Unconsolidated Joint Ventures
$
73,906

 
$
77,122


 
Three Months Ended September 30
 
Nine Months Ended September 30
 
2011
 
2010
 
2011
 
2010
Revenues
$
64,886

 
$
65,775

 
$
191,163

 
$
192,837

Maintenance, taxes, utilities, promotion, and other operating expenses
$
20,810

 
$
22,557

 
$
61,816

 
$
66,232

Interest expense
15,619

 
16,141

 
45,164

 
47,875

Depreciation and amortization
9,111

 
9,611

 
27,248

 
27,783

Total operating costs
$
45,540

 
$
48,309

 
$
134,228

 
$
141,890

Nonoperating income
111

 
2

 
121

 
3

Net income
$
19,457

 
$
17,468

 
$
57,056

 
$
50,950

 
 
 
 
 
 
 
 
Net income attributable to TRG
$
10,979

 
$
10,069

 
$
32,273

 
$
29,307

Realized intercompany profit, net of depreciation on TRG’s basis adjustments
467

 
391

 
1,177

 
1,366

Depreciation of TCO's additional basis
(488
)
 
(487
)
 
(1,460
)
 
(1,460
)
Equity in income of Unconsolidated Joint Ventures
$
10,958

 
$
9,973

 
$
31,990

 
$
29,213

 
 
 
 
 
 
 
 
Beneficial interest in Unconsolidated Joint Ventures’ operations:
 

 
 

 
 

 
 

Revenues less maintenance, taxes, utilities, promotion, and other operating expenses
$
24,527

 
$
24,064

 
$
71,746

 
$
70,555

Interest expense
(8,082
)
 
(8,360
)
 
(23,406
)
 
(24,810
)
Depreciation and amortization
(5,487
)
 
(5,731
)
 
(16,350
)
 
(16,532
)
Equity in income of Unconsolidated Joint Ventures
$
10,958

 
$
9,973

 
$
31,990

 
$
29,213

Beneficial Interests In Joint Ventures
Shopping Center
Ownership as of
September 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