Unconsolidated Affiliates, Noncontrolling Interests and Cost Method Investments (Tables)

9 Months Ended

Sep. 30, 2012

Equity Method Investments and Joint Ventures [Abstract]

Investments Accounted for using the Equity method of Accounting

At September 30, 2012, the Company had investments in the following 18 entities, which are accounted for using the equity method of accounting:

Joint Venture	Property Name	Company's Interest
CBL/T-C, LLC	CoolSprings Galleria, Oak Park Mall, West County Center    and Pearland Town Center	60.3%
CBL-TRS Joint Venture, LLC	Friendly Center, The Shops at Friendly Center and a portfolio    of six office buildings	50.0%
CBL-TRS Joint Venture II, LLC	Renaissance Center	50.0%
El Paso Outlet Outparcels, LLC	The Outlet Shoppes at El Paso (vacant land)	50.0%
Governor’s Square IB	Governor’s Plaza	50.0%
Governor’s Square Company	Governor’s Square	47.5%
High Pointe Commons, LP	High Pointe Commons	50.0%
High Pointe Commons II-HAP, LP	High Pointe Commons - Christmas Tree Shop	50.0%
Imperial Valley Mall L.P.	Imperial Valley Mall	60.0%
Imperial Valley Peripheral L.P.	Imperial Valley Mall (vacant land)	60.0%
JG Gulf Coast Town Center LLC	Gulf Coast Town Center	50.0%
Kentucky Oaks Mall Company	Kentucky Oaks Mall	50.0%
Mall of South Carolina L.P.	Coastal Grand—Myrtle Beach	50.0%
Mall of South Carolina Outparcel L.P.	Coastal Grand—Myrtle Beach (Coastal Grand Crossing    and vacant land)	50.0%
Port Orange I, LLC	The Pavilion at Port Orange Phase I	50.0%
Triangle Town Member LLC	Triangle Town Center, Triangle Town Commons    and Triangle Town Place	50.0%
West Melbourne I, LLC	Hammock Landing Phases I and II	50.0%
York Town Center, LP	York Town Center	50.0%

Condensed combined financial statement information - unconsolidated affiliates

Condensed combined financial statement information of these unconsolidated affiliates is as follows:

	As of
ASSETS	September 30, 2012			December 31, 2011
Investment in real estate assets	$	2,226,364		$	2,239,160
Accumulated depreciation	(498,938		)	(447,121		)
	1,727,426			1,792,039
Developments in progress	23,499			19,640
Net investment in real estate assets	1,750,925			1,811,679
Other assets	180,600			190,465
Total assets	$	1,931,525		$	2,002,144
LIABILITIES
Mortgage and other indebtedness	$	1,467,038		$	1,478,601
Other liabilities	47,818			51,818
Total liabilities	1,514,856			1,530,419
OWNERS' EQUITY
The Company	252,048			267,136
Other investors	164,621			204,589
Total owners' equity	416,669			471,725
Total liabilities and owners' equity	$	1,931,525		$	2,002,144

	Total for the Three Months Ended September 30,						Company's Share for the Three Months Ended September 30,
	2012			2011			2012			2011
Revenues	$	61,821		$	37,290		$	32,803		$	20,683
Depreciation and amortization expense	(20,423		)	(12,481		)	(10,828		)	(7,020		)
Interest expense	(21,002		)	(12,903		)	(11,022		)	(7,195		)
Other operating expenses	(18,742		)	(10,842		)	(9,527		)	(5,599		)
Gain on sales of real estate assets	1,271			79			636			120
Net income	$	2,925		$	1,143		$	2,062		$	989

	Total for the Nine Months Ended September 30,						Company's Share for the Nine Months Ended September 30,
	2012			2011			2012			2011
Revenues	$	186,320		$	114,237		$	99,190		$	63,667
Depreciation and amortization expense	(61,907		)	(37,581		)	(32,877		)	(21,132		)
Interest expense	(63,199		)	(39,140		)	(33,289		)	(21,655		)
Other operating expenses	(55,765		)	(33,647		)	(28,474		)	(18,024		)
Gain on sales of real estate assets	1,701			1,744			851			1,366
Net income	$	7,150		$	5,613		$	5,401		$	4,222

In July 2012, JG Gulf Coast Town Center LLC ("Gulf Coast") closed on a three-year $7,000 loan with an institutional lender, secured by the third phase expansion of Gulf Coast Town Center, a shopping center located in Ft. Myers, FL. Interest on the loan is at LIBOR plus a margin of 2.5%. The Company has guaranteed 100.0% of this loan. Proceeds from the loan were distributed to the Company in accordance with the terms of the joint venture agreement and the Company used these funds to reduce the balance on its secured credit facilities.

In the second quarter of 2012, the Company acquired a 50.0% interest in a joint venture, El Paso Outlet Outparcels, LLC, simultaneously with the acquisition of a 75.0% interest in The Outlet Shoppes at El Paso (see Note 4). The Company's investment was $3,864. The remaining 50.0% interest is owned by affiliates of Horizon Group Properties. El Paso Outlet Outparcels, LLC owns land adjacent to The Outlet Shoppes at El Paso. The terms of the joint venture agreement provide that voting rights, capital contributions and distributions of cash flows will be on a pari passu basis in accordance with the ownership percentages.

Redeemable non-controlling preferred joint venture interest

 Activity related to the redeemable noncontrolling preferred joint venture interest represented by the PJV units is as follows:

	Nine Months Ended September 30,
	2012			2011
Beginning Balance	$	423,834		$	423,834
Net income attributable to redeemable noncontrolling      preferred joint venture interest	15,486			15,436
Distributions to redeemable noncontrolling      preferred joint venture interest	(15,486		)	(15,436		)
Ending Balance	$	423,834		$	423,834