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Segment Information (Tables)
12 Months Ended
Dec. 31, 2011
Segment Information [Abstract]  
Company's combined shopping and office properties portfolios

                         
    December 31,  
    2011     2010     2009  

Shopping centers owned

    432       478       567  

Unconsolidated joint ventures

    177       189       223  

Consolidated joint ventures

    2       3       34  

States (A)

    38       39       43  

Office properties

    5       6       6  

States

    3       4       4  

 

(A) Excludes shopping centers owned in Puerto Rico and Brazil.
Company's reportable segments

                                         
    For the Year Ended December 31, 2011  
    Other
Investments
    Shopping
Centers
    Brazil Equity
Investments
    Other     Total  

Total revenues

  $ 5,499     $ 765,519                     $ 771,018  

Operating expenses (A)

    (1,692     (335,920                     (337,612
   

 

 

   

 

 

                   

 

 

 

Net operating income

    3,807       429,599                       433,406  

Unallocated expenses (B)

                          $ (486,801     (486,801

Equity in net (loss) income of joint ventures

            (6,747   $ 20,481               13,734  

Impairment of joint venture investments

                                    (2,921
                                   

 

 

 

Loss from continuing operations

                                  $ (42,582
                                   

 

 

 

Total gross real estate assets

  $ 47,722     $ 8,222,384                     $ 8,270,106  
   

 

 

   

 

 

                   

 

 

 
   
    For the Year Ended December 31, 2010  
    Other
Investments
    Shopping
Centers
    Brazil Equity
Investment
    Other     Total  

Total revenues

  $ 5,190     $ 757,867                     $ 763,057  

Operating expenses (A)

    (2,056     (315,149                     (317,205
   

 

 

   

 

 

                   

 

 

 

Net operating income

    3,134       442,718                       445,852  

Unallocated expenses (B)

                          $ (615,275     (615,275

Equity in net (loss) income of joint ventures

            (4,958   $ 10,558               5,600  

Impairment of joint venture investments

                                    (227
                                   

 

 

 

Loss from continuing operations

                                  $ (164,050
                                   

 

 

 

Total gross real estate assets

  $ 49,607     $ 8,361,632                     $ 8,411,239  
   

 

 

   

 

 

                   

 

 

 
    For the Year Ended December 31, 2009  
    Other
Investments
    Shopping
Centers
    Brazil  Equity
Investment
    Other     Total  

Total revenues

  $ 5,358     $ 750,628                     $ 755,986  

Operating expenses (A)

    (2,331     (232,940                     (235,271
   

 

 

   

 

 

                   

 

 

 

Net operating income

    3,027       517,688                       520,715  

Unallocated expenses (B)

                          $ (557,254     (557,254

Equity in net (loss) income of joint ventures

            (19,239   $ 9,506               (9,733

Impairment of joint venture investments

                                    (184,584
                                   

 

 

 

Loss from continuing operations

                                  $ (230,856
                                   

 

 

 

Total gross real estate assets

  $ 49,637     $ 8,773,300                     $ 8,822,937  
   

 

 

   

 

 

                   

 

 

 

 

(A) Includes impairment charges of $101.8 million, $84.8 million and $12.7 million for the years ended December 31, 2011, 2010 and 2009, respectively.

 

(B) Unallocated expenses consist of general and administrative expenses, interest income, interest expense, other income/expense, tax benefit/expense and depreciation and amortization as listed in the consolidated statements of operations.