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Real Estate (Tables)
12 Months Ended
Dec. 31, 2018
Real Estate [Abstract]  
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, 2018
 
 
 
 
 
 
Retail and mixed-use properties
 
$
7,680,653

 
$
(2,000,274
)
 
$
454,053

Retail properties under capital leases
 
127,719

 
(49,216
)
 
71,519

Residential
 
11,100

 
(9,653
)
 
20,326

 
 
$
7,819,472

 
$
(2,059,143
)
 
$
545,898

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


The residential property investment is our investment in Rollingwood Apartments. All of other residential units are included in retail and mixed-use properties.
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