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Real Estate Investments
3 Months Ended
Mar. 31, 2013
Business Combinations [Abstract]  
Real Estate Investments
Real Estate Investments

There were no shopping centers acquired during the three months ended March 31, 2013.

On March 20, 2013, the Company entered into a liquidation agreement with Macquarie Countrywide (US) No. 2, LLC ("CQR") to redeem its 24.95% interest through dissolution of the Macquarie CountryWide-Regency III, LLC (MCWR III) co-investment partnership through a distribution-in-kind ("DIK"). The assets of the partnership were distributed as 100% ownership interests to CQR and Regency after a selection process, as provided for by the agreement. Regency selected one asset, Hilltop Village, which was recorded at the carrying value of the Company's equity investment in MCWR III, net of deferred gain, on the date of dissolution of $7.7 million, including a $7.5 million mortgage assumed.