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Real Estate Investments (Tables) (Wholly Owned Properties [Member])
12 Months Ended
Dec. 31, 2012
Wholly Owned Properties [Member]
 
Business Acquisition [Line Items]  
Schedule of Business Acquisitions, by Acquisition [Table Text Block]
The following table provides a summary of shopping centers acquired during the year ended December 31, 2012 (in thousands):
Date Purchased
Property Name
City/State
 
Purchase Price
Debt Assumed, Net of Premiums
Intangible Assets
Intangible Liabilities
Contingent Liabilities (1)
5/31/2012
Shops at Erwin Mill (2)
Durham, NC
$
358





6/21/2012
Grand Ridge Plaza (3)
Issaquah, WA
 
11,761

12,810

2,346

144


8/31/2012
Balboa Mesa Shopping Center
San Diego, CA
 
59,500


9,711

6,977

145

12/21/2012
Sandy Springs
Sandy Springs, GA
 
35,250

17,657

2,761

1,386

60

12/27/2012
Uptown District
San Diego, CA
 
81,115


5,833

1,154

4,058

 
 
 
$
187,984

30,467

20,651

9,661

4,263


(1) These balances represent environmental liability contingencies, which were measured at fair value at the acquisition date.
(2) Shops at Erwin Mill was acquired on May 31, 2012 for a total purchase price of $5.8 million and included both an operating component and a development component. The Company completed a purchase price allocation at the date of acquisition and determined that approximately $358,000 related to the existing operating center, with the remaining balance allocated to properties in development at the time of acquisition.
(3) Grand Ridge Plaza was acquired on June 21, 2012 for a total purchase price of $20.0 million and included both an operating component and a development component. The Company completed a purchase price allocation at the date of acquisition and determined that $11.8 million related to the existing operating center, with the remaining balance allocated to properties in development at the time of acquisition.
The following table provides a summary of shopping centers acquired during the year ended December 31, 2011 (in thousands):
Date Purchased
Property Name
City/State
 
Purchase Price
Debt Assumed, Net of Premiums
Intangible Assets
Intangible Liabilities
Contingent Liabilities
6/2/2011
Ocala Corners
Tallahassee, FL
$
11,129

5,937

1,724

2,558


8/18/2011
Oak Shade Town Center
Davis, CA
 
34,871

12,456

2,320

1,658


9/26/2011
Tech Ridge Center
Austin, TX
 
55,400

12,899

4,519

936


 
 
 
$
101,400

31,292

8,563

5,152