Acquisitions and Discontinued Operations (Notes)

6 Months Ended

Jun. 30, 2013

Acquisitions and Discontinued Operations [Abstract]

Business Combination Disclosure [Text Block]

Acquisitions

The pro forma effect of the acquisitions described below was not material.

In April 2013, the Company acquired the remaining 51% noncontrolling interest in Kirkwood Mall in Bismarck, ND. See Note 5 for additional information.

The following table summarizes the final allocation of the estimated fair values of the assets acquired and liabilities assumed as of the respective acquisition dates for the Company's 2012 acquisitions, consisting of a 75% interest in The Outlet Shoppes at El Paso, a 50% interest in The Outlet Shoppes at Gettysburg, Dakota Square Mall, a 49% interest in Kirkwood Mall, and the remaining 40% interests in Imperial Valley:

	Preliminary Purchase Price Allocation			Adjustments (1)			Final Purchase Price Allocation
Land	$	88,066		$	(197	)	$	87,869
Buildings and improvements	378,550			1,213			379,763
Investments in unconsolidated affiliates	3,864			—			3,864
Tenant improvements	15,429			(101		)	15,328
Above-market leases	15,451			(92		)	15,359
In-place leases	67,112			(1,298		)	65,814
Total assets	568,472			(475		)	567,997
Mortgage note payables assumed	(259,470		)	—			(259,470		)
Debt premium	(15,334		)	—			(15,334		)
Below-market leases	(40,173		)	475			(39,698		)
Noncontrolling interest	(60,295		)	—			(60,295		)
Value of Company's interest in joint ventures	(65,494		)	—			(65,494		)
Net assets acquired	$	127,706		$	—		$	127,706
(1) Represents adjustments to Dakota Square based on final valuation report.

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

Discontinued Operations

The results of operations of the properties described below, as well as any gains or impairment losses related to those properties, are included in discontinued operations for all periods presented, as applicable. Net proceeds from these sales were used to reduce the outstanding balances on the Company's credit facilities. The following is a summary of the Company's dispositions since January 1, 2012:

				Sales Price				Gain/ (Loss)
Sales Date	Property	Property Type	Location	Gross		Net
March 2013	1500 Sunday Drive	Office Building	Raleigh, NC	$	8,300	$	7,862	$	(549	)
March 2013	Peninsula I & II (1)	Office Building	Newport News, VA	5,250		5,121		598
January 2013	Lake Point & Suntrust	Office Building	Greensboro, NC	30,875		30,490		823
			2013 Activity	$	44,425	$	43,473	$	872
December 2012	Willowbrook Plaza (2)	Community Center	Houston, TX	$	24,450	$	24,171	$	—
October 2012	Towne Mall (3)	Mall	Franklin, OH	950		892		—
October 2012	Hickory Hollow Mall (4)	Mall	Antioch, TN	1,000		966		—
July 2012	Massard Crossing	Community Center	Fort Smith, AR	7,803		7,432		—
March 2012	Settlers Ridge - Phase II	Community Center	Robinson Township, PA	19,144		18,951		867
January 2012	Oak Hollow Square (5)	Community Center	High Point, NC	14,247		13,796		(1		)
November 2011	Westridge Square (6)	Community Center	Greensboro, NC					29
			2012 Activity	$	67,594	$	66,208	$	895

(1) Classified as held for sale as of December 31, 2012.

(2) Loss on impairment of $17,743 recorded in the third quarter of 2012 to write down the book value of this property to its then estimated fair value.

(3) Loss on impairment of $419 recorded in the third quarter of 2012 to write down the book value of this property to expected sales price.

(4) Loss on impairment of $8,047 recorded in the third quarter of 2012 to write down the book value of this property to expected sales price.

(5) Loss on impairment of $255 recorded in the first quarter of 2012 related to the true-up of certain estimated amounts to actual amounts.

(6) Reflects subsequent true-up for settlement of estimated expenses based on actual amounts.

Total revenues of the properties described above that are included in discontinued operations were $3 and $3,754 for the three months ended June 30, 2013 and 2012, respectively, and $450 and $8,367 for the six months ended June 30, 2013 and 2012, respectively. The total net investment in real estate assets at the time of sale for the office buildings sold during the six months ended June 30, 2013 was $42,693. There were no outstanding mortgage loans for any of the office buildings that were sold during the six months ended June 30, 2013. Discontinued operations for the three and six month periods ended June 30, 2013 and 2012 also include settlements of estimated expenses based on actual amounts for properties sold during previous periods.