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SUBSEQUENT EVENTS
9 Months Ended
Sep. 30, 2011
SubsequentEventsAbstract 
Subsequent Events
(18)  SUBSEQUENT EVENT

In October 2011, EastGroup executed an application for a $54 million, non-recourse first mortgage loan with a fixed interest rate of 4.09%, a 10-year term and a 20-year amortization schedule.  The loan, which will be secured by properties containing 1.4 million square feet, is expected to close in January 2012.  The Company plans to use the proceeds of this mortgage loan to reduce variable rate bank borrowings.