Investments in and Advances to Joint Ventures (Tables)

6 Months Ended

Jun. 30, 2016

Schedule Of Equity Method Investments [Line Items]

Service Fees and Income Earned by Company

Service fees and income earned by the Company through management, leasing and development activities performed related to all of the Company’s unconsolidated joint ventures are as follows (in millions):

	Three Months				Six Months
	Ended June 30,				Ended June 30,
	2016		2015		2016		2015
Management and other fees	$	9.6	$	6.5	$	15.8	$	12.8
Development fees and leasing commissions		1.8		1.6		3.7		3.2
Interest income		8.3		6.4		16.6		12.7

Unconsolidated Joint Ventures [Member]

Schedule Of Equity Method Investments [Line Items]

Condensed Combined Financial Information of Company's Unconsolidated Joint Venture Investments

Condensed combined financial information of the Company’s unconsolidated joint venture investments is as follows (in thousands):

	June 30, 2016			December 31, 2015
Condensed Combined Balance Sheets
Land	$	1,306,704		$	1,343,889
Buildings		3,449,494			3,551,227
Fixtures and tenant improvements		192,647			191,581
		4,948,845			5,086,697
Less: Accumulated depreciation		(840,227	)		(817,235	)
		4,108,618			4,269,462
Land held for development and construction in progress		58,654			52,390
Real estate, net		4,167,272			4,321,852
Cash and restricted cash		69,815			58,916
Receivables, net		48,568			52,768
Other assets		286,501			318,546
	$	4,572,156		$	4,752,082
Mortgage debt	$	3,118,908		$	3,177,603
Notes and accrued interest payable to the Company		2,555			1,556
Other liabilities		223,109			219,799
		3,344,572			3,398,958
Redeemable preferred equity – DDR		400,203			395,156
Accumulated equity		827,381			957,968
	$	4,572,156		$	4,752,082
Company's share of accumulated equity	$	104,500		$	115,871
Redeemable preferred equity		400,203			395,156
Basis differentials		(39,325	)		(42,402	)
Deferred development fees, net of portion related to the Company's interest		(2,531	)		(2,449	)
Amounts payable to the Company		2,542			1,556
Investments in and Advances to Joint Ventures	$	465,389		$	467,732

Condensed Combined Statements of Operations of Unconsolidated Joint Venture Investments

	Three Months						Six Months
	Ended June 30,						Ended June 30,
	2016			2015			2016			2015
Condensed Combined Statements of Operations
Revenues from operations	$	128,890		$	133,066		$	256,800		$	270,666
Expenses from operations:
Operating expenses		36,973			36,090			74,629			75,056
Impairment charges		—			—			—			448
Depreciation and amortization		49,021			51,482			98,056			108,219
Interest expense		33,319			33,593			66,641			74,496
Preferred share expense		8,305			6,415			16,569			12,729
Other expense (income), net		6,319			6,126			12,130			12,195
		133,937			133,706			268,025			283,143
		(5,047	)		(640	)		(11,225	)		(12,477	)
Gain (loss) on disposition of real estate, net		114			(1,358	)		53,597			(1,571	)
Net (loss) income attributable to unconsolidated joint ventures	$	(4,933	)	$	(1,998	)	$	42,372		$	(14,048	)
Company's share of equity in net income of joint ventures	$	817		$	1,317		$	12,091		$	1,070
Basis differential adjustments(A)		300			325			3,447			633
Equity in net income of joint ventures	$	1,117		$	1,642		$	15,538		$	1,703

(A) The difference between the Company’s share of net income, as reported above, and the amounts included in the Company’s consolidated statements of operations is attributable to the amortization of basis differentials, the recognition of deferred gains and differences in gain (loss) on sale of certain assets recognized due to the basis differentials and other than temporary impairment charges.