Mortgage and Other Indebtedness (Tables)

6 Months Ended

Jun. 30, 2013

Debt Disclosure [Abstract]

Schedule of mortgage and other indebtedness

Mortgage and other indebtedness consisted of the following:

	June 30, 2013			December 31, 2012
	Amount		Weighted- Average Interest Rate (1)	Amount		Weighted- Average Interest Rate (1)
Fixed-rate debt:
Non-recourse loans on operating properties (2)	$	3,516,429	5.56%	$	3,776,245	5.42%
Financing method obligation (3)	18,264		8.00%	18,264		8.00%
Total fixed-rate debt	3,534,693		5.57%	3,794,509		5.43%
Variable-rate debt:
Non-recourse term loans on operating properties	134,525		3.00%	123,875		3.36%
Recourse term loans on operating properties	78,820		2.33%	97,682		1.78%
Construction loans	40,963		2.94%	15,366		2.96%
Unsecured lines of credit	783,394		1.60%	475,626		2.07%
Secured line of credit (4)	—		—%	10,625		2.46%
Unsecured term loans	50,000		2.09%	228,000		1.82%
Total variable-rate debt	1,087,702		1.90%	951,174		2.20%
Total	$	4,622,395	4.71%	$	4,745,683	4.79%

(1) Weighted-average interest rate includes the effect of debt premiums (discounts), but excludes amortization of deferred financing costs.

(2) The Company has four interest rate swaps on notional amounts totaling $111,881 as of June 30, 2013 and $113,885 as of December 31, 2012 related to four variable-rate loans on operating properties to effectively fix the interest rate on the respective loans.  Therefore, these amounts are reflected in fixed-rate debt at June 30, 2013 and December 31, 2012.

(3) This amount represents the noncontrolling partner's equity contributions related to Pearland Town Center that is accounted for as a financing due to certain terms of the CBL/T-C, LLC joint venture agreement.

(4) The Company converted its secured line of credit to unsecured in February 2013.

Schedule of Line of Credit Facilities [Table Text Block]

The following summarizes certain information about the Company's unsecured lines of credit as of June 30, 2013:     

	Total Capacity		Total Outstanding			Maturity Date	Extended Maturity Date
Facility A	$	600,000	$	300,297	(1)	November 2015	November 2016
First Tennessee	100,000		52,679			February 2016	N/A
Facility B	600,000		430,418		(2)	November 2016	November 2017
	$	1,300,000	$	783,394

(1) There was an additional $475 outstanding on this facility as of June 30, 2013 for letters of credit. Up to $50,000 of the capacity on this facility can be used for letters of credit.

(2) There was an additional $617 outstanding on this facility as of June 30, 2013 for letters of credit. Up to $50,000 of the capacity on this facility can be used for letters of credit.

Schedule of Covenant Compliance [Table Text Block]

The following presents the Company's compliance with key unsecured debt covenant compliance ratios as of June 30, 2013:

Ratio	Required	Actual
Debt to total asset value	< 60%	50.3%
Ratio of unencumbered asset value to unsecured indebtedness	> 1.60x	3.65x
Ratio of unencumbered NOI to unsecured interest expense	> 1.75x	8.80x
Ratio of EBITDA to fixed charges (debt service)	> 1.50x	2.09x

Schedule of principal repayments

As of June 30, 2013, the scheduled principal amortization and balloon payments of the Company’s consolidated debt, excluding extensions available at the Company’s option, on all mortgage and other indebtedness, including construction loans and lines of credit, are as follows: 

2013	$	89,731
2014	219,168
2015	890,611
2016	1,271,515
2017	550,368
Thereafter	1,589,235
	4,610,628
Net unamortized premiums	11,767
	$	4,622,395

Schedule of interest rate derivatives designated as cash flow hedges of interest rate risk

As of June 30, 2013, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk:

Interest Rate Derivative	Number of Instruments	Notional Amount Outstanding
Interest Rate Cap	1	$	123,125
Interest Rate Swaps	4	$	111,881

Schedule of pay fixed/receive variable swap

Instrument Type	Location in Condensed Consolidated Balance Sheet	Notional Amount Outstanding	Designated Benchmark Interest Rate	Strike Rate	Fair Value at 6/30/2013			Fair Value at 12/31/12			Maturity Date
Cap	Intangible lease assets and other assets	$123,125 (amortizing to $122,375)	3-month LIBOR	5.000%	$	—		$	—		Jan 2014
Pay fixed/ Receive  variable Swap	Accounts payable and accrued liabilities	$54,086 (amortizing to $48,337)	1-month LIBOR	2.149%	$	(2,162	)	$	(2,775	)	Apr 2016
Pay fixed/ Receive    variable Swap	Accounts payable and accrued liabilities	$33,863 (amortizing to $30,276)	1-month LIBOR	2.187%	(1,386		)	(1,776		)	Apr 2016
Pay fixed/ Receive    variable Swap	Accounts payable and accrued liabilities	$12,660 (amortizing to $11,313)	1-month LIBOR	2.142%	(504		)	(647		)	Apr 2016
Pay fixed/ Receive    variable Swap	Accounts payable and accrued liabilities	$11,272 (amortizing to $10,083)	1-month LIBOR	2.236%	(476		)	(607		)	Apr 2016
					$	(4,528	)	$	(5,805	)

Schedule of gain (loss) recognized in other comprehensive income (loss)

	Gain (Loss) Recognized in OCI/L (Effective Portion)					Location of Losses Reclassified from AOCI into Earnings (Effective  Portion)	Loss Recognized in Earnings (Effective Portion)						Location of Gain Recognized in Earnings (Ineffective Portion)	Gain Recognized in Earnings (Ineffective Portion)
Hedging Instrument	Three Months Ended June 30,						Three Months Ended June 30,							Three Months Ended June 30,
	2013		2012				2013			2012				2013		2012
Interest rate contracts	$	1,005	$	(765	)	Interest Expense	$	(562	)	$	(567	)	Interest Expense	$	—	$	—

	Gain (Loss) Recognized in OCI/L (Effective Portion)					Location of Losses Reclassified from AOCI into Earnings(Effective  Portion)	Loss Recognized in Earnings (Effective Portion)						Location of Gain Recognized in Earnings (Ineffective  Portion)	Gain Recognized in Earnings (Ineffective Portion)
Hedging Instrument	Six Months Ended June 30,						Six Months Ended June 30,							Six Months Ended June 30,
	2013		2012				2013			2012				2013		2012
Interest rate contracts	$	1,282	$	(481	)	Interest Expense	$	(1,119	)	$	(1,129	)	Interest Expense	$	—	$	—