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Commitments and Contingencies
3 Months Ended
Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies
Commitments and Contingencies

Construction Costs

In connection with the development and expansion of various shopping centers as of March 31, 2015, we had entered into agreements for construction costs of approximately $10.1 million.

Litigation

We are currently involved in certain litigation arising in the ordinary course of business; however, we do not believe that any of this litigation will have a material effect on our consolidated financial statements.

Leases   

Operating Leases

We lease office space for our corporate headquarters under an operating lease that expires in August 2019 and have an operating lease for land at one of our shopping centers.

Capital Leases

We have a ground lease at Buttermilk Towne Center which we have recorded as a capital lease. 

We recognized rent expense related to the operating and capital leases of $0.2 million and $0.3 million for the the three months ended March 31, 2015 and 2014, respectively.