Notes Receivable (Tables)

3 Months Ended

Mar. 31, 2012

Notes Receivable [Abstract]

Components of notes receivable

	March 31, 2012		December 31, 2011
Loans receivable (A)	$	85.6	$	84.5
Other notes		3.0		3.0
Tax Increment Financing Bonds (“TIF Bonds”) (B)		6.5		6.4
	$	95.1	$	93.9

(A) Amounts exclude notes receivable and advances from unconsolidated joint ventures including those that were in default and reserved at March 31, 2012 and December 31, 2011.

(B) Principal and interest are payable solely from the incremental real estate taxes, if any, generated by the respective shopping center and development project pursuant to the terms of the financing agreement.

Loans receivable on real estate

	2012		2011
Balance at January 1	$	84,541	$	103,704
Additions:
New mortgage loans		75		—
Interest		793		633
Accretion of discount		202		191
Balance at March 31	$	85,611	$	104,528