Real Estate Investments

9 Months Ended

Sep. 30, 2012

The following table provides a summary of shopping centers acquired during the nine months ended September 30, 2012, including those acquired through our co-investment partnerships (in thousands):



Date Purchased	Property Name	City/State	Co-investment Partner	Ownership		Purchase Price	Debt Assumed, Net of Premiums (Discounts)	Intangible Assets	Intangible Liabilities
1/17/2012	Lake Grove Commons	Lake Grove, NY	GRI - Regency, LLC (GRIR)	40%	$	72,500	31,813	5,397	4,342
5/31/2012	Erwin Square	Durham, NC	Chartwell Property Group	55%		358	—	—	—
6/21/2012	Grand Ridge Plaza	Issaquah, WA	N/A	100%		11,761	12,810	2,274	139
8/31/2012	Balboa Mesa Shopping Center	San Diego, CA	N/A	100%		59,500	—	9,881	7,099
					$	144,119	44,623	17,552	11,580

On July 25, 2012, the Company sold a 15-property portfolio to an affiliate of Blackstone Real Estate Partners VII for total consideration of $321 million. As a result of entering into this agreement, the Company recognized a net impairment loss of $1.1 million and $19.1 million during the three and nine months ended September 30, 2012, respectively. The Company retained a $47.5 million equity method investment in the entity that owns the portfolio. As of September 30, 2012, this asset group did not meet the definition of discontinued operations, in accordance with FASB ASC Topic 205-20. This investment cannot be redeemed prior to the 12-month anniversary of the closing date. Following the 12-month anniversary, Regency may call for the redemption of its investment in whole or in part. Following the 18-month anniversary, either Regency or Blackstone may initiate the redemption of Regency’s investment, in whole or in part. Regency will not provide leasing or management services for the Portfolio after closing.

- Definition

The entire disclosure for certain real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures.

+ References

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Reference 12: http://www.xbrl.org/2003/role/presentationRef

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