Subsequent Events

12 Months Ended

Dec. 31, 2013

Subsequent Events [Abstract]

Subsequent Events [Text Block]

16.           Subsequent Events

In January and February 2014, the Company granted a total of 81,082 shares of restricted stock to employees and associates under the 2005 Plan. The fair value of these grants approximate $2,325,000 and the restricted shares vest over a five year period based on continued service to the Company.

The Company completed the sale of the Kmart anchored community shopping center located in Ironwood, Michigan for approximately $5,000,000 on January 15, 2014.

On March 4, 2014, the Company declared a dividend of $.43 per share for the quarter ending March 31, 2014 for holders of record on March 31, 2014. The holders of OP Units are also entitled to an equal distribution per OP Unit held as of March 31, 2014. The amounts are to be paid on April 8, 2014.

The Company evaluates events occurring after the date of the financial statements for events requiring recording or disclosure in the financial statements. The company has evaluated subsequent events through the date the consolidated financial statements were issued.