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Notes Receivable (Tables)
6 Months Ended
Jun. 30, 2012
Notes Receivable [Abstract]  
Components of notes receivable
                 
    June 30,
2012
    December 31,
2011
 

Loans receivable (A)

  $ 54.3     $ 84.5  

Other notes

    3.0       3.0  

Tax Increment Financing Bonds (“TIF Bonds”) (B)

    5.2       6.4  
   

 

 

   

 

 

 
    $ 62.5     $ 93.9  
   

 

 

   

 

 

 

 

(A)

Amounts exclude notes receivable and advances to unconsolidated joint ventures including those that were in default and reserved at June 30, 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.