Subsequent Events	6 Months Ended
Jun. 30, 2011
Subsequent Events [Abstract]
Subsequent Events	17. Subsequent Events Pursuant to the Subsequent Events Topic of the FASB ASC, we have evaluated subsequent events and transactions that occurred after our June 30, 2011 unaudited condensed consolidated balance sheet date for potential recognition or disclosure in our condensed consolidated financial statements. On July 5, 2011, we acquired a $45.0 million junior mezzanine loan which is indirectly secured by a portfolio of seven California shopping centers owned by a subsidiary of Centro Properties Group, which was recently acquired by an affiliate of Blackstone Real Estate Partners IV, L.P. The junior mezzanine loan matures on July 9, 2013, subject to the borrower’s ability to extend the maturity date for three additional one-year periods, and bears interest at a minimum rate of 9.21% per annum. The seven shopping centers which indirectly secure our loan also serve as collateral for a $120.0 million senior mortgage loan and a $60.0 million senior mezzanine loan and had an appraised value of approximately $272.0 million at the time we acquired our interest in the junior mezzanine loan. The junior mezzanine loan is subordinated in right of payment to the senior mezzanine loan and senior mortgage loan. On July 14, 2011, we acquired Ralph’s Circle Center, a 59,837 square foot shopping center located in Long Beach, California, for approximately $15.0 million. The purchase price was funded by cash on hand and borrowings under our line of credit. On July 29, 2011, we sold two operating properties for proceeds of $867,675. On August 1, 2011, we repaid, without penalty, $25.6 million in mortgage loans with interest rates ranging between 7.13% and 7.25%. On August 2, 2011, one of the bridge loans to the Vestar joint venture was repaid to us in full, resulting in proceeds of $22.3 million, including related accrued interest. Subsequent to June 30, 2011, we entered into contracts to acquire fee and joint venture interests in four retail centers for an aggregate purchase price of approximately $199.5 million, which includes the assumption of mortgages in the aggregate amount of approximately $91.4 million. Each of these acquisitions is past its due diligence period and, as such, deposits of $6.4 million are non-refundable except as otherwise provided in those contracts. We expect to fund the remaining purchase consideration using availability under our line of credit, proceeds from asset dispositions and from cash on hand. As of August 5, 2011, we have entered into contracts, some of which are still in the due diligence review period, to sell interests in commercial real estate for an aggregate sale price of $30.3 million, which amount includes $19.7 million of mortgage loans to be assumed by the purchasers. Additionally, one of our unconsolidated joint ventures has entered into a contract for the sale of a property for which we expect to receive proceeds of approximately $29.8 million.

17. Subsequent Events

Pursuant to the Subsequent Events Topic of the FASB ASC, we have evaluated subsequent events and transactions that occurred after our June 30, 2011 unaudited condensed consolidated balance sheet date for potential recognition or disclosure in our condensed consolidated financial statements.

On July 5, 2011, we acquired a $45.0 million junior mezzanine loan which is indirectly secured by a portfolio of seven California shopping centers owned by a subsidiary of Centro Properties Group, which was recently acquired by an affiliate of Blackstone Real Estate Partners IV, L.P. The junior mezzanine loan matures on July 9, 2013, subject to the borrower’s ability to extend the maturity date for three additional one-year periods, and bears interest at a minimum rate of 9.21% per annum. The seven shopping centers which indirectly secure our loan also serve as collateral for a $120.0 million senior mortgage loan and a $60.0 million senior mezzanine loan and had an appraised value of approximately $272.0 million at the time we acquired our interest in the junior mezzanine loan. The junior mezzanine loan is subordinated in right of payment to the senior mezzanine loan and senior mortgage loan.

On July 14, 2011, we acquired Ralph’s Circle Center, a 59,837 square foot shopping center located in Long Beach, California, for approximately $15.0 million. The purchase price was funded by cash on hand and borrowings under our line of credit.

On July 29, 2011, we sold two operating properties for proceeds of $867,675.

On August 1, 2011, we repaid, without penalty, $25.6 million in mortgage loans with interest rates ranging between 7.13% and 7.25%.

On August 2, 2011, one of the bridge loans to the Vestar joint venture was repaid to us in full, resulting in proceeds of $22.3 million, including related accrued interest.

Subsequent to June 30, 2011, we entered into contracts to acquire fee and joint venture interests in four retail centers for an aggregate purchase price of approximately $199.5 million, which includes the assumption of mortgages in the aggregate amount of approximately $91.4 million. Each of these acquisitions is past its due diligence period and, as such, deposits of $6.4 million are non-refundable except as otherwise provided in those contracts. We expect to fund the remaining purchase consideration using availability under our line of credit, proceeds from asset dispositions and from cash on hand.

As of August 5, 2011, we have entered into contracts, some of which are still in the due diligence review period, to sell interests in commercial real estate for an aggregate sale price of $30.3 million, which amount includes $19.7 million of mortgage loans to be assumed by the purchasers. Additionally, one of our unconsolidated joint ventures has entered into a contract for the sale of a property for which we expect to receive proceeds of approximately $29.8 million.