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Segment Information (Tables)
3 Months Ended
Mar. 31, 2012
Segment Information [Abstract]  
Company's combined shopping and office properties portfolios
                 
    March 31,  
    2012     2011  

Shopping centers owned

    420       476  

Unconsolidated joint ventures

    172       191  

Consolidated joint ventures

    2       3  

States (A)

    38       41  

Office properties

    4       5  

States

    2       3  

 

(A) Excludes shopping centers owned in Puerto Rico and Brazil.
Company's reportable segments
                                         
    Three-Month Period Ended March 31, 2012  
    Other
Investments
    Shopping
Centers
    Brazil Equity
Investment
    Other     Total  

Total revenues

  $ 1,131     $ 194,240                     $ 195,371  

Operating expenses

    (500     (72,919 )(A)                       (73,419
   

 

 

   

 

 

                   

 

 

 

Net operating income

    631       121,321                       121,952  

Unallocated expenses (B)

                          $ (141,606     (141,606

Equity in net (loss) income of joint ventures

            (659   $ 8,907               8,248  

Impairment of joint venture investments

                                    (560
                                   

 

 

 

Loss from continuing operations

                                  $ (11,966
                                   

 

 

 

Total gross real estate assets

  $ 47,511     $ 8,234,810                     $ 8,282,321  
   

 

 

   

 

 

                   

 

 

 

 

                                         
    Three-Month Period Ended March 31, 2011  
    Other
Investments
    Shopping
Centers
    Brazil Equity
Investment
    Other     Total  

Total revenues

  $ 1,306     $ 190,965                     $ 192,271  

Operating expenses

    (422     (64,134 )(A)                       (64,556
   

 

 

   

 

 

                   

 

 

 

Net operating income

    884       126,831                       127,715  

Unallocated expenses (B)

                          $ (92,329     (92,329

Equity in net (loss) income of joint ventures

            (2,978   $ 4,952               1,974  

Impairment of joint venture investments

                                    (35
                                   

 

 

 

Income from continuing operations

                                  $ 37,325  
                                   

 

 

 

Total gross real estate assets

  $ 47,762     $ 8,448,981                     $ 8,496,743  
   

 

 

   

 

 

                   

 

 

 

 

(A) Includes impairment charges of $13.5 million and $3.8 million for the three-month periods ended March 31, 2012 and 2011, respectively.
(B) Unallocated expenses consist of general and administrative, depreciation and amortization, other income/expense, gain on change of control of interests and tax benefit/expense as listed in the condensed consolidated statements of operations.