Real Estate Investments (Tables)

9 Months Ended

Sep. 30, 2016

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]

The following table details the weighted average amortization and net accretion periods, in years, of the major classes of intangible assets and intangible liabilities arising from the Market Common Clarendon acquisition:



		Nine months ended
(in years)		September 30, 2016
Assets:
In-place leases		7.4
Liabilities:
Acquired lease intangible liabilities		7.9

Business Acquisition, Pro Forma Information [Table Text Block]

The results of operations from acquisitions are included in the Consolidated Statements of Operations beginning on the acquisition date. Results of operations related to the material acquisition of Market Common Clarendon resulted in the following impact to Revenues and Net income attributable to common stockholders for the three and nine months ended September 30, 2016, as follows:



	September 30, 2016
(in thousands)	Three months ended		Nine months ended
Increase in total revenues	$	4,333	6,620
Increase (decrease) in net income attributable to common stockholders ⁽¹⁾	1,490		(130	)

⁽¹⁾ Includes $59,000 and $1.5 million of transaction costs during the three and nine months ended September 30, 2016, respectively, which are recorded in Other operating expenses in the accompanying Consolidated Statements of Operations.

The following unaudited pro forma financial data includes the incremental revenues, operating expenses, depreciation and amortization, and costs of financing the Market Common Clarendon acquisition as if it had occurred on January 1, 2015:



		(Pro Forma)			(Pro Forma)
		Three months ended September 30,			Nine months ended September 30,
(in thousands, except per share data)		2016		2015	2016	2015
Total revenues		$	152,768	146,908	462,562	438,273
Income from operations	⁽¹⁾	1,592		33,010	85,153	96,496
Net income attributable to common stockholders	⁽¹⁾	5,363		54,761	90,808	113,091
Income per common share - basic		$	0.05	0.57	0.89	1.17
Income per common share - diluted		0.05		0.57	0.89	1.16

⁽¹⁾ The pro forma earnings for the three and nine months ended September 30, 2016 were adjusted to exclude $59,000 and $1.5 million, respectively, of acquisition costs, while 2015 pro forma earnings were adjusted to include those costs during the first quarter of 2015.

The pro forma financial data is not necessarily indicative of what the actual results of operations would have been assuming the transaction had been completed as set forth above, nor does it purport to represent the results of operations for future periods.

Schedule of business acquisitions



(in thousands)		Nine months ended September 30, 2016
Date Purchased	Property Name	City/State	Property Type	Ownership	Purchase Price	Debt Assumed, Net of Premiums	Intangible Assets	Intangible Liabilities
2/22/16	Garden City Park	Garden City Park, NY	Operating	100%	$17,300	—	10,171	2,940
3/4/16	The Market at Springwoods Village ⁽¹⁾	Houston, TX	Development	53%	17,994	—	—	—
5/16/16	Market Common Clarendon	Arlington, VA	Operating	100%	280,500	—	15,428	15,662
7/15/2016	Klahanie Shopping Center	Sammamish, WA	Operating	100%	35,988	—	2,264	539
8/4/2016	The Village at Tustin Legacy	Tustin, CA	Development	100%	18,800	—	—	—
Total property acquisitions					$370,582	—	27,863	19,141
⁽¹⁾ Regency acquired a 53% controlling interest in the Market at Springwoods Village partnership to develop a shopping center on land contributed by the partner. As a result of consolidation, the Company recorded the partner's non-controlling interest of $8.4 million in Limited partners' interests in consolidated partnerships in the accompanying Consolidated Balance Sheets.
(in thousands)		Nine months ended September 30, 2015
Date Purchased	Property Name	City/State	Property Type	Ownership	Purchase Price	Debt Assumed, Net of Premiums	Intangible Assets	Intangible Liabilities
9/1/15	University Commons	Boca Raton, FL	Operating	100%	$80,500	42,799	64,482	14,039