Segment Information (Tables)

12 Months Ended

Dec. 31, 2014

Segment Reporting [Abstract]

Summary of Company's Shopping Centers

The operating segment information for the years ended December 2013 and 2012 has been restated to conform to the current presentation.  The following table summarizes the Company’s shopping centers:

	December 31,
	2014		2013		2012
Shopping centers owned		415		416		452
Joint venture shopping centers owned		189		173		209

Company's Reportable Segments

The tables below present information about the Company’s reportable operating segments and reflect the impact of discontinued operations (Note 13) (in thousands):

	For the Year Ended December 31, 2014
	Shopping Centers			Loan Investments			Other			Total
Total revenues	$	985,479		$	196					$	985,675
Operating expenses(A)		(310,180	)		(102	)					(310,282	)
Net operating income		675,299			94						675,393
Depreciation and amortization		(402,825	)								(402,825	)
Interest income					15,927						15,927
Other income (expense), net					(500	)	$	(11,762	)		(12,262	)
Unallocated expenses(B)								(323,459	)		(323,459	)
Equity in net income of joint ventures		10,989									10,989
Impairment of joint venture investments		(30,652	)								(30,652	)
Gain on sale and change in control of interests, net		87,996									87,996
Income from continuing operations										$	21,107
As of December 31, 2014:
Total gross real estate assets	$	10,335,785								$	10,335,785
Notes receivable, net(C)				$	357,754		$	(301,509	)	$	56,245

	For the Year Ended December 31, 2013
	Shopping Centers			Loan Investments			Other			Total
Total revenues	$	829,890		$	45					$	829,935
Operating expenses(A)		(257,771	)		(452	)					(258,223	)
Net operating income (loss)		572,119			(407	)					571,712
Depreciation and amortization		(296,560	)								(296,560	)
Interest income					23,541						23,541
Other income (expense), net							$	(6,408	)		(6,408	)
Unallocated expenses(B)								(296,611	)		(296,611	)
Equity in net (loss) income of joint ventures		(10,020	)					16,839			6,819
Impairment of joint venture investments		(980	)								(980	)
Gain on sale and change in control of interests, net		19,906									19,906
Income from continuing operations										$	21,419
As of December 31, 2013:
Total gross real estate assets	$	10,228,061								$	10,228,061
Notes receivable, net(C)				$	143,989		$	(65,651	)	$	78,338

	For the Year Ended December 31, 2012
	Shopping Centers			Loan Investments			Other			Total
Total revenues	$	707,070		$	17					$	707,087
Operating expenses(A)		(254,405	)		(597	)					(255,002	)
Net operating income (loss)		452,665			(580	)					452,085
Depreciation and amortization		(219,902	)								(219,902	)
Interest income					15,800						15,800
Other income (expense), net					(4,300	)	$	(13,506	)	$	(17,806	)
Unallocated expenses(B)								(288,711	)		(288,711	)
Equity in net (loss) income of joint ventures		(2,570	)					37,820			35,250
Impairment of joint venture investments		(26,671	)								(26,671	)
Gain on sale and change in control of interests, net		78,127									78,127
Income from continuing operations										$	28,172
As of December 31, 2012:
Total gross real estate assets	$	8,639,111								$	8,639,111
Notes receivable, net(C)				$	246,907		$	(178,189	)	$	68,718

(A) Includes impairment charges of $29.2 million, $19.0 million and $46.8 million for the years ended December 31, 2014, 2013 and 2012, respectively.  

(B) Unallocated expenses consist of General and Administrative expenses, Interest Expense, Loss on Debt Retirement, Net 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 sheets.