Real Estate And Accumulated Depreciation

12 Months Ended

Dec. 31, 2018

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]

Real Estate and Accumulated Depreciation

	Initial Cost to Company						Gross Amounts Carried at Close of Period
Description	Land		Building and Improvements		Cost Capitalized Subsequent  to Acquisition		Land		Building and Improvements		Total (1)		Accumulated Depreciation			Total Costs, Net of Accumulated Depreciation		Encumbrances (2)			Date of Acquisition / Construction
Centers:
10-Federal Shopping Center	$	1,791	$	7,470	$	1,285	$	1,791	$	8,755	$	10,546	$	(7,572	)	$	2,974	$	(6,302	)	03/20/2008
580 Market Place	3,892		15,570		3,949		3,889		19,522		23,411		(9,164		)	14,247		(14,939		)	04/02/2001
8000 Sunset Strip Shopping Center	18,320		73,431		7,853		18,320		81,284		99,604		(16,428		)	83,176		—			06/27/2012
Alabama Shepherd Shopping Center	637		2,026		8,127		1,062		9,728		10,790		(5,802		)	4,988		—			04/30/2004
Argyle Village Shopping Center	4,524		18,103		5,674		4,526		23,775		28,301		(10,914		)	17,387		—			11/30/2001
Avent Ferry Shopping Center	1,952		7,814		1,355		1,952		9,169		11,121		(4,079		)	7,042		—			04/04/2002
Baybrook Gateway	10,623		30,307		4,712		10,623		35,019		45,642		(4,795		)	40,847		—			02/04/2015
Bellaire Blvd. Shopping Center	124		37		936		1,011		86		1,097		(43		)	1,054		—			11/13/2008
Blalock Market at I-10	—		4,730		2,075		—		6,805		6,805		(5,466		)	1,339		—			12/31/1990
Boca Lyons Plaza	3,676		14,706		5,724		3,651		20,455		24,106		(8,567		)	15,539		—			08/17/2001
Broadway Marketplace	898		3,637		2,170		906		5,799		6,705		(3,677		)	3,028		—			12/16/1993
Brookwood Marketplace	7,050		15,134		7,354		7,511		22,027		29,538		(6,899		)	22,639		—			08/22/2006
Brownsville Commons	1,333		5,536		583		1,333		6,119		7,452		(2,006		)	5,446		—			05/22/2006
Bull City Market	930		6,651		898		930		7,549		8,479		(2,657		)	5,822		(3,325		)	06/10/2005
Cambrian Park Plaza	48,803		1,089		115		48,851		1,156		50,007		(966		)	49,041		—			02/27/2015
Camelback Village Square	—		8,720		1,360		—		10,080		10,080		(6,183		)	3,897		—			09/30/1994
Camp Creek Marketplace II	6,169		32,036		3,402		4,697		36,910		41,607		(11,276		)	30,331		—			08/22/2006
Capital Square	1,852		7,406		1,543		1,852		8,949		10,801		(4,433		)	6,368		—			04/04/2002
Centerwood Plaza	915		3,659		3,552		914		7,212		8,126		(3,310		)	4,816		—			04/02/2001
Charleston Commons Shopping Center	23,230		36,877		3,604		23,210		40,501		63,711		(13,221		)	50,490		—			12/20/2006
Chino Hills Marketplace	7,218		28,872		12,949		7,234		41,805		49,039		(22,076		)	26,963		—			08/20/2002
Citadel Building	3,236		6,168		9,000		534		17,870		18,404		(14,929		)	3,475		—			12/30/1975
College Park Shopping Center	2,201		8,845		7,267		2,641		15,672		18,313		(12,047		)	6,266		(11,475		)	11/16/1998
Colonial Plaza	10,806		43,234		16,010		10,813		59,237		70,050		(31,238		)	38,812		—			02/21/2001
Countryside Centre	15,523		29,818		10,502		15,559		40,284		55,843		(15,032		)	40,811		—			07/06/2007
Creekside Center	1,732		6,929		2,790		1,730		9,721		11,451		(4,853		)	6,598		(7,189		)	04/02/2001
Crossing At Stonegate	6,400		23,384		325		6,400		23,709		30,109		(2,073		)	28,036		(13,953		)	02/12/2016

	Initial Cost to Company						Gross Amounts Carried at Close of Period
Description	Land		Building and Improvements		Cost Capitalized Subsequent  to Acquisition		Land		Building and Improvements		Total (1)		Accumulated Depreciation			Total Costs, Net of Accumulated Depreciation		Encumbrances (2)			Date of Acquisition / Construction
Cypress Pointe	$	3,468	$	8,700	$	1,239	$	3,793	$	9,614	$	13,407	$	(6,684	)	$	6,723	$	—		04/04/2002
Deerfield Mall	10,522		94,321		4,929		27,806		81,966		109,772		(7,313		)	102,459		—			05/05/2016
Desert Village Shopping Center	3,362		14,969		2,253		3,362		17,222		20,584		(4,118		)	16,466		—			10/28/2010
Edgewater Marketplace	4,821		11,225		691		4,821		11,916		16,737		(3,039		)	13,698		—			11/19/2010
El Camino Promenade	4,431		20,557		4,919		4,429		25,478		29,907		(10,927		)	18,980		—			05/21/2004
Embassy Lakes Shopping Center	2,803		11,268		2,433		2,803		13,701		16,504		(5,560		)	10,944		—			12/18/2002
Entrada de Oro Plaza Shopping Center	6,041		10,511		2,144		6,115		12,581		18,696		(4,724		)	13,972		—			01/22/2007
Epic Village St. Augustine	283		1,171		4,092		320		5,226		5,546		(3,826		)	1,720		—			09/30/2009
Falls Pointe Shopping Center	3,535		14,289		1,482		3,542		15,764		19,306		(6,319		)	12,987		—			12/17/2002
Festival on Jefferson Court	5,041		13,983		4,069		5,022		18,071		23,093		(7,599		)	15,494		—			12/22/2004
Fiesta Trails	8,825		32,790		11,811		11,267		42,159		53,426		(15,862		)	37,564		—			09/30/2003
Fountain Plaza	1,319		5,276		1,918		1,095		7,418		8,513		(4,761		)	3,752		—			03/10/1994
Francisco Center	1,999		7,997		4,373		2,403		11,966		14,369		(8,662		)	5,707		(10,423		)	11/16/1998
Freedom Centre	2,929		15,302		6,037		6,944		17,324		24,268		(7,328		)	16,940		—			06/23/2006
Galleria Shopping Center	10,795		10,339		8,778		10,504		19,408		29,912		(6,074		)	23,838		—			12/11/2006
Galveston Place	2,713		5,522		5,957		3,279		10,913		14,192		(8,888		)	5,304		—			11/30/1983
Gateway Plaza	4,812		19,249		5,481		4,808		24,734		29,542		(11,531		)	18,011		(23,000		)	04/02/2001
Grayson Commons	3,180		9,023		617		3,163		9,657		12,820		(3,456		)	9,364		(4,248		)	11/09/2004
Greenhouse Marketplace	4,607		22,771		4,214		4,750		26,842		31,592		(11,047		)	20,545		—			01/28/2004
Griggs Road Shopping Center	257		2,303		378		257		2,681		2,938		(1,841		)	1,097		—			03/20/2008
Harrisburg Plaza	1,278		3,924		1,165		1,278		5,089		6,367		(4,350		)	2,017		(9,667		)	03/20/2008
HEB - Dairy Ashford & Memorial	1,717		4,234		—		1,717		4,234		5,951		(1,286		)	4,665		—			03/06/2012
Heights Plaza Shopping Center	58		699		2,604		1,055		2,306		3,361		(1,724		)	1,637		—			06/30/1995
High House Crossing	2,576		10,305		582		2,576		10,887		13,463		(4,768		)	8,695		—			04/04/2002
Highland Square	—		—		1,960		—		1,960		1,960		(655		)	1,305		—			10/06/1959
Hilltop Village Center	3,196		7,234		53,854		3,960		60,324		64,284		(18,649		)	45,635		—			01/01/2016
Hope Valley Commons	2,439		8,487		483		2,439		8,970		11,409		(2,149		)	9,260		—			08/31/2010
I45/Telephone Rd.	678		11,182		533		678		11,715		12,393		(6,853		)	5,540		(11,667		)	03/20/2008
Independence Plaza I & II	19,351		31,627		2,497		19,351		34,124		53,475		(8,697		)	44,778		(14,090		)	06/11/2013
Jess Ranch Marketplace	8,750		25,560		667		8,750		26,227		34,977		(6,024		)	28,953		—			12/23/2013
Jess Ranch Marketplace Phase III	8,431		21,470		446		8,431		21,916		30,347		(5,078		)	25,269		—			12/23/2013
Lakeside Marketplace	6,064		22,989		3,159		6,150		26,062		32,212		(9,546		)	22,666		—			08/22/2006

	Initial Cost to Company							Gross Amounts Carried at Close of Period
Description	Land		Building and Improvements		Cost Capitalized Subsequent  to Acquisition			Land		Building and Improvements		Total (1)		Accumulated Depreciation			Total Costs, Net of Accumulated Depreciation		Encumbrances (2)			Date of Acquisition / Construction
Largo Mall	$	10,817	$	40,906	$	8,187		$	10,810	$	49,100	$	59,910	$	(19,291	)	$	40,619	$	—		03/01/2004
Laveen Village Marketplace	1,190		—		4,935			1,006		5,119		6,125		(3,387		)	2,738		—			08/15/2003
League City Plaza	1,918		7,592		1,515			2,261		8,764		11,025		(5,643		)	5,382		—			03/20/2008
Leesville Towne Centre	7,183		17,162		1,811			7,223		18,933		26,156		(7,411		)	18,745		—			01/30/2004
Lowry Town Center	1,889		23,165		281			1,889		23,446		25,335		(1,579		)	23,756		—			09/14/2016
Madera Village Shopping Center	3,788		13,507		1,491			3,816		14,970		18,786		(5,134		)	13,652		—			03/13/2007
Market at Westchase Shopping Center	1,199		5,821		3,681			1,415		9,286		10,701		(6,510		)	4,191		—			02/15/1991
Markham West Shopping Center	2,694		10,777		6,254			2,696		17,029		19,725		(9,525		)	10,200		—			09/18/1998
Mendenhall Commons	2,655		9,165		1,055			2,677		10,198		12,875		(3,610		)	9,265		—			11/13/2008
Menifee Town Center	1,827		7,307		5,731			1,824		13,041		14,865		(5,802		)	9,063		—			04/02/2001
Monte Vista Village Center	1,485		58		5,962			755		6,750		7,505		(4,418		)	3,087		—			12/31/2004
Mueller Regional Retail Center	10,382		56,303		1,559			10,382		57,862		68,244		(13,502		)	54,742		—			10/03/2013
North Creek Plaza	6,915		25,625		5,695			6,954		31,281		38,235		(13,186		)	25,049		—			08/19/2004
North Towne Plaza	960		3,928		9,470			879		13,479		14,358		(9,173		)	5,185		—			02/15/1990
North Towne Plaza	6,646		99		(5,553		)	259		933		1,192		(627		)	565		—			04/01/2010
Northbrook Shopping Center	1,629		4,489		3,992			1,713		8,397		10,110		(6,869		)	3,241		(8,792		)	11/06/1967
Northwoods Shopping Center	1,768		7,071		758			1,772		7,825		9,597		(3,444		)	6,153		—			04/04/2002
Nottingham Commons	19,523		2,398		20,213			19,664		22,470		42,134		(3,330		)	38,804		—			01/01/2017
Oak Forest Shopping Center	760		2,726		6,712			1,358		8,840		10,198		(6,419		)	3,779		(7,358		)	12/30/1976
Oak Grove Market Center	5,758		10,508		1,178			5,861		11,583		17,444		(3,923		)	13,521		—			06/15/2007
Oracle Wetmore Shopping Center	24,686		26,878		7,868			13,813		45,619		59,432		(15,057		)	44,375		—			01/22/2007
Overton Park Plaza	9,266		37,789		16,416			9,264		54,207		63,471		(22,619		)	40,852		—			10/24/2003
Parliament Square II	2		10		1,183			3		1,192		1,195		(1,032		)	163		—			06/24/2005
Perimeter Village	29,701		42,337		4,724			34,404		42,358		76,762		(15,349		)	61,413		(30,481		)	07/03/2007
Phillips Crossing	—		1		28,491			872		27,620		28,492		(15,219		)	13,273		—			09/30/2009
Phoenix Office Building	1,696		3,255		1,630			1,773		4,808		6,581		(2,107		)	4,474		—			01/31/2007
Pike Center	—		40,537		3,314			—		43,851		43,851		(12,425		)	31,426		—			08/14/2012
Plantation Centre	3,463		14,821		2,127			3,471		16,940		20,411		(6,665		)	13,746		—			08/19/2004
Prospector's Plaza	3,746		14,985		5,742			3,716		20,757		24,473		(9,379		)	15,094		—			04/02/2001
Pueblo Anozira Shopping Center	2,750		11,000		5,330			2,768		16,312		19,080		(10,500		)	8,580		(13,977		)	06/16/1994
Raintree Ranch Center	11,442		595		18,182			10,983		19,236		30,219		(12,257		)	17,962		—			03/31/2008
Rancho San Marcos Village	3,533		14,138		5,490			3,887		19,274		23,161		(8,348		)	14,813		—			02/26/2003

	Initial Cost to Company							Gross Amounts Carried at Close of Period
Description	Land		Building and Improvements		Cost Capitalized Subsequent  to Acquisition			Land		Building and Improvements		Total (1)		Accumulated Depreciation			Total Costs, Net of Accumulated Depreciation		Encumbrances (2)			Date of Acquisition / Construction
Rancho Towne & Country	$	1,161	$	4,647	$	790		$	1,166	$	5,432	$	6,598	$	(3,325	)	$	3,273	$	—		10/16/1995
Randalls Center/Kings Crossing	3,570		8,147		658			3,585		8,790		12,375		(5,756		)	6,619		—			11/13/2008
Red Mountain Gateway	2,166		89		12,719			3,317		11,657		14,974		(5,377		)	9,597		—			12/31/2003
Reynolds Crossing	4,276		9,186		359			4,276		9,545		13,821		(3,002		)	10,819		—			09/14/2006
Richmond Square	1,993		953		13,598			14,512		2,032		16,544		(1,340		)	15,204		—			12/31/1996
Ridgeway Trace	26,629		544		25,736			16,100		36,809		52,909		(15,831		)	37,078		—			11/09/2006
River Oaks Shopping Center - East	1,354		1,946		357			1,363		2,294		3,657		(2,019		)	1,638		—			12/04/1992
River Oaks Shopping Center - West	3,534		17,741		60,185			4,210		77,250		81,460		(27,702		)	53,758		—			12/04/1992
River Point at Sheridan	28,898		4,042		17,601			10,659		39,882		50,541		(13,164		)	37,377		—			04/01/2010
Roswell Corners	6,136		21,447		6,375			7,134		26,824		33,958		(9,373		)	24,585		—			06/24/2004
Roswell Crossing Shopping Center	7,625		18,573		1,332			7,625		19,905		27,530		(5,882		)	21,648		—			07/18/2012
San Marcos Plaza	1,360		5,439		1,014			1,358		6,455		7,813		(2,885		)	4,928		—			04/02/2001
Scottsdale Horizon	—		3,241		39,512			12,914		29,839		42,753		(5,981		)	36,772		—			01/22/2007
Scottsdale Waterfront	10,281		40,374		560			21,586		29,629		51,215		(2,016		)	49,199		—			08/17/2016
Sea Ranch Centre	11,977		4,219		2,055			11,977		6,274		18,251		(1,763		)	16,488		—			03/06/2013
Shoppes at Bears Path	3,252		5,503		1,645			3,290		7,110		10,400		(2,709		)	7,691		—			03/13/2007
Shoppes at Memorial Villages	1,417		4,786		9,593			3,332		12,464		15,796		(8,903		)	6,893		—			01/11/2012
Shoppes of South Semoran	5,339		9,785		(1,315		)	5,672		8,137		13,809		(2,708		)	11,101		—			08/31/2007
Shops at Kirby Drive	1,201		945		288			1,202		1,232		2,434		(531		)	1,903		—			05/27/2008
Shops at Three Corners	6,215		9,303		11,319			10,587		16,250		26,837		(11,345		)	15,492		—			12/31/1989
Silver Creek Plaza	3,231		12,924		6,608			3,228		19,535		22,763		(8,018		)	14,745		(14,024		)	04/02/2001
Six Forks Shopping Center	6,678		26,759		6,668			6,728		33,377		40,105		(15,403		)	24,702		—			04/04/2002
Southampton Center	4,337		17,349		3,271			4,333		20,624		24,957		(10,006		)	14,951		(19,750		)	04/02/2001
Southgate Shopping Center	232		8,389		783			231		9,173		9,404		(6,022		)	3,382		(6,467		)	03/20/2008
Squaw Peak Plaza	816		3,266		3,514			818		6,778		7,596		(4,086		)	3,510		—			12/20/1994
Stella Link Shopping Center	2,830		1,841		88			2,897		1,862		4,759		(1,637		)	3,122		—			07/10/1970
Stonehenge Market	4,740		19,001		2,494			4,740		21,495		26,235		(9,999		)	16,236		—			04/04/2002
Stony Point Plaza	3,489		13,957		11,302			3,453		25,295		28,748		(12,307		)	16,441		(10,614		)	04/02/2001
Sunset 19 Shopping Center	5,519		22,076		22,589			6,010		44,174		50,184		(11,610		)	38,574		—			10/29/2001
The Centre at Post Oak	13,731		115		24,998			17,822		21,022		38,844		(13,954		)	24,890		—			12/31/1996
The Commons at Dexter Lake	4,946		18,948		3,557			4,988		22,463		27,451		(9,404		)	18,047		—			11/13/2008
The Palms at Town & Country	56,833		195,203		6,518			79,673		178,881		258,554		(14,307		)	244,247		—			07/27/2016

	Initial Cost to Company							Gross Amounts Carried at Close of Period
Description	Land		Building and Improvements		Cost Capitalized Subsequent  to Acquisition			Land		Building and Improvements		Total (1)		Accumulated Depreciation			Total Costs, Net of Accumulated Depreciation		Encumbrances (2)			Date of Acquisition / Construction
The Westside Center	$	14,952	$	10,350	$	494		$	14,952	$	10,844	$	25,796	$	(962	)	$	24,834	$	—		12/22/2015
Thompson Bridge Commons	604		—		625			513		716		1,229		(147		)	1,082		—			04/26/2005
Thousand Oaks Shopping Center	2,973		13,142		1,215			2,973		14,357		17,330		(5,914		)	11,416		(11,803		)	03/20/2008
TJ Maxx Plaza	3,400		19,283		4,042			3,430		23,295		26,725		(8,993		)	17,732		—			03/01/2004
Tomball Marketplace	9,616		262		26,467			6,726		29,619		36,345		(13,534		)	22,811		—			04/12/2006
Trenton Crossing/North McAllen	9,855		29,133		1,866			9,855		30,999		40,854		(3,136		)	37,718		—			08/31/2015
Valley Shopping Center	4,293		13,736		4,909			8,910		14,028		22,938		(3,772		)	19,166		—			04/07/2006
Vizcaya Square Shopping Center	3,044		12,226		2,536			3,044		14,762		17,806		(6,109		)	11,697		—			12/18/2002
Waterford Village	5,830		—		13,217			3,775		15,272		19,047		(7,486		)	11,561		—			06/11/2004
Wellington Green Commons & Pad	16,500		32,489		2,755			16,500		35,244		51,744		(3,643		)	48,101		(17,974		)	04/20/2015
West Jordan Town Center	4,306		17,776		(1,797		)	3,269		17,016		20,285		(7,677		)	12,608		—			12/19/2003
Westchase Shopping Center	3,085		7,920		13,629			3,189		21,445		24,634		(13,952		)	10,682		—			08/29/1978
Westhill Village Shopping Center	408		3,002		6,787			437		9,760		10,197		(5,974		)	4,223		—			05/01/1958
Westland Fair	27,562		10,506		(6,695		)	12,220		19,153		31,373		(10,718		)	20,655		—			12/29/2000
Westminster Center	11,215		44,871		9,752			11,204		54,634		65,838		(26,013		)	39,825		(47,250		)	04/02/2001
Winter Park Corners	2,159		8,636		10,203			2,280		18,718		20,998		(4,872		)	16,126		—			09/06/2001
	860,955		2,110,489		843,079			903,039		2,911,484		3,814,523		(1,074,051		)	2,740,472		(318,768		)
New Development:
West Alex	42,163		2,669		77,956			46,494		76,294		122,788		—			122,788		—			11/01/2016
The Whittaker	5,237		19,395		3,222			5,334		22,520		27,854		(569		)	27,285		—			03/24/2017
	47,400		22,064		81,178			51,828		98,814		150,642		(569		)	150,073		—
Miscellaneous (not to exceed 5% of total)	107,524		3,102		29,277			65,837		74,066		139,903		(33,568		)	106,335		—
Total of Portfolio	$	1,015,879	$	2,135,655	$	953,534		$	1,020,704	$	3,084,364	$	4,105,068	$	(1,108,188	)	$	2,996,880	$	(318,768	)

___________________

(1) The book value of our net fixed asset exceeds the tax basis by approximately $211.0 million at December 31, 2018.

(2) Encumbrances do not include $17.7 million outstanding under fixed-rate mortgage debt associated with tenancy-in-common arrangements, $1.8 million of non-cash debt related items and $(1.0) million of deferred debt costs.

Depreciation is computed using the straight-line method, generally over estimated useful lives of 18-40 years for buildings and 10-20 years for parking lot surfacing and equipment. Tenant and leasehold improvements are depreciated over the remaining life of the lease or the useful life whichever is shorter.

The changes in total cost of the properties were as follows (in thousands):

	Year Ended December 31,
	2018			2017			2016
Balance at beginning of year	$	4,498,859		$	4,789,145		$	4,262,959
Additions at cost	164,150			137,462			654,513
Retirements or sales	(547,821		)	(334,105		)	(126,666		)
Property held for sale	—			(78,721		)	(1,563		)
Impairment loss	(10,120		)	(14,922		)	(98		)
Balance at end of year	$	4,105,068		$	4,498,859		$	4,789,145

The changes in accumulated depreciation were as follows (in thousands):

	Year Ended December 31,
	2018			2017			2016
Balance at beginning of year	$	1,166,126		$	1,184,546		$	1,087,642
Additions at cost	118,664			132,900			131,120
Retirements or sales	(176,602		)	(127,391		)	(33,132		)
Property held for sale	—			(23,929		)	(1,084		)
Balance at end of year	$	1,108,188		$	1,166,126		$	1,184,546