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Investment In Real Estate Joint Ventures And Partnerships (Tables)
6 Months Ended
Jun. 30, 2012
Equity Method Investment, Summarized Financial Information [Abstract]  
Combined Condensed Balance Sheets
Combined condensed financial information of these ventures (at 100%) is summarized as follows (in thousands):
 
 
June 30,
2012
 
December 31,
2011
Combined Condensed Balance Sheets
 
 
 
Property
$
1,933,796

 
$
2,108,745

Accumulated depreciation
(310,024
)
 
(296,496
)
Property, net
1,623,772

 
1,812,249

Other assets, net
169,644

 
173,130

Total
$
1,793,416

 
$
1,985,379

Debt, net (primarily mortgages payable)
$
551,012

 
$
556,920

Amounts payable to Weingarten Realty Investors and affiliates
106,952

 
170,007

Other liabilities, net
41,837

 
41,907

Total
699,801

 
768,834

Accumulated equity
1,093,615

 
1,216,545

Total
$
1,793,416

 
$
1,985,379

Combined Condensed Statements Of Operations
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
  
2012
 
2011
 
2012
 
2011
Combined Condensed Statements of Operations
 
 
 
 
 
 
 
Revenues, net
$
50,026

 
$
50,866

 
$
99,873

 
$
102,192

Expenses:
 
 
 
 
 
 
 
Depreciation and amortization
15,481

 
16,913

 
31,617

 
34,544

Interest, net
8,961

 
9,573

 
18,047

 
18,837

Operating
8,571

 
8,936

 
17,196

 
17,830

Real estate taxes, net
6,159

 
6,128

 
12,397

 
12,606

General and administrative
225

 
877

 
586

 
1,969

Provision for income taxes
95

 
116

 
168

 
201

Impairment loss
96,498

 

 
96,498

 
2,058

Total
135,990

 
42,543

 
176,509

 
88,045

Gain (loss) on sale of property
246

 

 
246

 
(21
)
Net (loss) income
$
(85,718
)
 
$
8,323

 
$
(76,390
)
 
$
14,126