UNSECURED BANK CREDIT FACILITIES	12 Months Ended
UNSECURED BANK CREDIT FACILITIES	Dec. 31, 2014
Line of Credit Facility [Abstract]
UNSECURED BANK CREDIT FACILITIES	EastGroup has a $225 million unsecured revolving credit facility with a group of nine banks that matures in January 2017. The credit facility contains options for a one-year extension (at the Company's election) and a $100 million expansion (with agreement by all parties). The interest rate on each tranche is usually reset on a monthly basis and as of December 31, 2014, was LIBOR plus 117.5 basis points with an annual facility fee of 22.5 basis points. The margin and facility fee are subject to changes in the Company's credit ratings. At December 31, 2014, the weighted average interest rate was 1.334% on a balance of $90,000,000. The Company had an additional $135,000,000 remaining on the unsecured bank credit facility at that date. The Company also has a $25 million unsecured revolving credit facility with PNC Bank, N.A. that matures in January 2017. This credit facility automatically extends for one year if the extension option in the $225 million revolving credit facility is exercised. The interest rate is reset on a daily basis and as of December 31, 2014, was LIBOR plus 117.5 basis points with an annual facility fee of 22.5 basis points. The margin and facility fee are subject to changes in the Company's credit ratings. At December 31, 2014, the interest rate was 1.346% on a balance of $9,401,000. The Company had an additional $15,599,000 remaining on the unsecured bank credit facility at that date. Average unsecured bank credit facilities borrowings were $96,162,000 in 2014 compared to $112,971,000 in 2013 with weighted average interest rates of 1.92% in 2014 compared to 1.87% in 2013. Weighted average interest rates (including amortization of loan costs) were 2.35% for 2014 and 2.23% for 2013. Amortization of unsecured bank credit facilities costs was $413,000, $410,000 and $342,000 for 2014, 2013 and 2012, respectively. The Company’s unsecured bank credit facilities have certain restrictive covenants, such as maintaining debt service coverage and leverage ratios and maintaining insurance coverage, and the Company was in compliance with all of its debt covenants at December 31, 2014.

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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