Segment Information (Tables)

12 Months Ended

Dec. 31, 2012

Company's Combined Shopping and Office Properties Portfolios

The following table summarizes the Company’s shopping centers and office properties (none remaining at December 31, 2012). The table includes those assets located in Brazil:

	December 31,
	2012		2011		2010
Shopping centers owned		452		432		478
Unconsolidated joint ventures		206		177		189
Consolidated joint ventures		3		2		3
States(A)		39		38		39
Office properties		—		5		6
States		—		3		4

(A) Excludes shopping centers owned in Puerto Rico and Brazil.

Company's Reportable Segments

The tables below present information about the Company’s reportable operating segments and reflect the impact of discontinued operations (Note 12) (in thousands):

	For the Year Ended December 31, 2012
	Shopping Centers			Loan Investments			Brazil Equity Investment		Other			Total
Total revenues	$	800,358		$	17							$	800,375
Operating expenses(A)		(337,875	)		(597	)							(338,472	)
Net operating income (loss)		462,483			(580	)							461,903
Depreciation and amortization		(248,781	)										(248,781	)
Interest income					15,799								15,799
Other income (expense), net					(4,300	)			$	(13,580	)		(17,880	)
Gain on change in control and sale of interests, net		78,127											78,127
Unallocated expenses(B)										(312,523	)		(312,523	)
Equity in net (loss) income of joint ventures		(2,570	)				$	37,820					35,250
Impairment of joint venture investments													(26,671	)
Loss from continuing operations												$	(14,776	)
As of December 31, 2012:
Total gross real estate assets	$	8,639,111										$	8,639,111
Notes receivable, net				$	246,907				$	(178,189	)(C)	$	68,718
	For the Year Ended December 31, 2011
	Shopping Centers			Loan Investments			Brazil Equity Investment		Other			Total
Total revenues	$	749,742		$	87							$	749,829
Operating expenses(A)		(294,154	)		(13	)							(294,167	)
Net operating income		455,588			74								455,662
Depreciation and amortization		(215,928	)										(215,928	)
Interest income					9,832								9,832
Other income (expense), net					(5,000	)			$	(2	)		(5,002	)
Gain on change in control and sale of interests, net		25,170											25,170
Unallocated expenses(B)										(288,433	)		(288,433	)
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												$	(7,886	)
As of December 31, 2011:
Total gross real estate assets	$	8,222,384							$	47,722		$	8,270,106
Notes receivable, net				$	84,541				$	9,364		$	93,905
	For the Year Ended December 31, 2010
	Shopping Centers			Loan Investments			Brazil  Equity Investment		Other			Total
Total revenues	$	741,551		$	381							$	741,932
Operating expenses(A)		(306,890	)		(11	)							(306,901	)
Net operating income		434,661			370								435,031
Depreciation and amortization		(202,981	)										(202,981	)
Interest income					6,450				$	852			7,302
Other income (expense), net										(24,148	)		(24,148	)
Unallocated expenses(B)										(382,830	)		(382,830	)
Equity in net (loss) income of joint ventures		(4,958	)				$	10,558					5,600
Impairment of joint venture investments													(227	)
Loss from continuing operations												$	(162,253	)
As of December 31, 2010:
Total gross real estate assets	$	8,361,632							$	49,607		$	8,411,239
Notes receivable, net				$	103,705				$	16,625		$	120,330

(A) Includes impairment charges of $105.4 million, $67.9 million and $84.8 million for the years ended December 31, 2012, 2011 and 2010, respectively.

(B) Unallocated expenses consist of general and administrative expenses, interest expense, loss/gain on debt retirement, gain/loss on equity derivative instruments and tax expense as listed in the consolidated statements of operations.

(C) Amount includes loans to affiliates classified in Investments in and Advances to Joint Ventures on the consolidated balance sheet.