XML 67 R39.htm IDEA: XBRL DOCUMENT v2.3.0.15
Investments in and Advances To Joint Ventures (Details 1) (USD $)
In Thousands
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Dec. 31, 2009
Sep. 30, 2011
Sep. 30, 2010
Condensed Combined Statements of Operations     
Revenues from operations$ 196,448$ 192,992 $ 590,092$ 583,514
Operating expenses111,73761,220 254,611239,510
Impairment charges51,245 170,90068,45759,277
Depreciation and amortization56,24953,052 166,496159,705
Interest expense58,16952,014 175,218161,488
Loss from continuing operations(48,043)(12,598) (10,952)(70,202)
Discontinued operations:     
(Loss) gain on disposition of real estate, net of tax(8,033)889 (15,052)(2,602)
Non-controlling interests(3,693)(1,450) (3,512)(38,380)
Net loss attributable to unconsolidated joint ventures(42,989)(14,310) (21,060)(125,132)
Unconsolidated Joint Ventures [Member]
     
Condensed Combined Statements of Operations     
Revenues from operations174,735160,440 518,279479,095
Operating expenses57,98857,847 172,669181,256
Impairment charges63,04165 63,04165
Depreciation and amortization45,21146,247 140,501138,789
Interest expense56,57452,532 170,580169,330
Total expenses222,814156,691 546,791489,440
(Loss) income before tax expense and discontinued operations(48,079)3,749 (28,512)(10,345)
Income tax expense (primarily Sonae Sierra Brasil), net(9,434)(4,114) (26,963)(13,947)
Loss from continuing operations(57,513)(365) (55,475)(24,292)
Discontinued operations:     
[DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax]228(7,583) (244)(19,742)
Gain on debt forgiveness0  2,976 
(Loss) gain on disposition of real estate, net of tax(593)(13,340) 21,300(25,303)
Gain loss before gain loss on disposition of real estate net(57,878)(21,288) (31,443)(69,337)
Gain on disposition of real estate, net 0  17
Net loss(57,878)(21,288) (31,443)(69,320)
Non-controlling interests(6,570)10 (11,564)(253)
Net loss attributable to unconsolidated joint ventures(64,448)(21,278) (43,007)(69,573)
Company's share of equity in net loss of joint ventures$ (6,199)$ (4,193) $ 14,240$ (4,362)