Real Estate (Tables)

12 Months Ended

Dec. 31, 2017

Summary of real estate investments and related encumbrances

A summary of our real estate investments and related encumbrances is as follows:



	Cost		Accumulated Depreciation and Amortization			Encumbrances
	(In thousands)
December 31, 2017
Retail and mixed-use properties	$	7,500,929	$	(1,821,046	)	$	470,720
Retail properties under capital leases	123,346		(46,140		)	71,556
Residential	10,786		(9,358		)	20,785
	$	7,635,061	$	(1,876,544	)	$	563,061
December 31, 2016
Retail and mixed-use properties	$	6,621,170	$	(1,677,938	)	$	449,896
Retail properties under capital leases	127,359		(42,308		)	71,590
Residential	10,544		(8,988		)	21,221
	$	6,759,073	$	(1,729,234	)	$	542,707

Retail and mixed-use properties includes the residential portion of Assembly Row, Bethesda Row, Chelsea Commons, Congressional Plaza, Pike & Rose, Santana Row, and Towson Residential (Flats @ 703). The residential property investment is our investment in Rollingwood Apartments.

Signficant property acquisition - Primestor

Additional information on the properties is listed below:



Property	City/State	GLA
		(in square feet)
Azalea	South Gate, CA	222,000
Bell Gardens	Bell Gardens, CA	330,000
La Alameda	Walnut Park, CA	245,000
Olivo at Mission Hills (1)	Mission Hills, CA	155,000
Plaza Del Sol	South El Monte, CA	48,000
Plaza Pacoima	Pacoima, CA	204,000
Sylmar Towne Center	Sylmar, CA	148,000
		1,352,000

(1) Property is currently being redeveloped. GLA reflects approximate square footage once the property is open and operating.

Pro Forma Information, Primestor acquisition

The pro forma financial information is presented for informational purposes only and may not be indicative of what actual results of income would have been, nor does it represent the results of income for future periods.



	Year Ended December 31,
	2017		2016
	(in millions) (unaudited)

Total revenue	$	872.9	$	826.6
Net income available for common shareholders	284.6		244.3