Mortgage and Other Indebtedness (Tables)

3 Months Ended

Mar. 31, 2013

Debt Disclosure [Abstract]

Schedule of mortgage and other indebtedness

Mortgage and other indebtedness consisted of the following:

	March 31, 2013				December 31, 2012
	Amount		Weighted- Average Interest Rate (1)		Amount		Weighted- Average Interest Rate (1)
Fixed-rate debt:
Non-recourse loans on operating properties (2)	$	3,694,381	5.43	%	$	3,776,245	5.42	%
Financing method obligation (3)	18,264		8.00	%	18,264		8.00	%
Total fixed-rate debt	3,712,645		5.44	%	3,794,509		5.43	%
Variable-rate debt:
Non-recourse term loans on operating properties	123,500		3.28	%	123,875		3.36	%
Recourse term loans on operating properties	79,980		2.33	%	97,682		1.78	%
Construction loans	28,114		2.95	%	15,366		2.96	%
Unsecured lines of credit	458,282		2.06	%	475,626		2.07	%
Secured line of credit (4)	—		—	%	10,625		2.46	%
Unsecured term loans	278,000		1.86	%	228,000		1.82	%
Total variable-rate debt	967,876		2.21	%	951,174		2.20	%
Total	$	4,680,521	4.77	%	$	4,745,683	4.79	%

(1) Weighted-average interest rate includes the effect of debt premiums (discounts), but excludes amortization of deferred financing costs.

(2) The Company has four interest rate swaps on notional amounts totaling $112,846 as of March 31, 2013 and $113,885 as of December 31, 2012 related to four variable-rate loans on operating properties to effectively fix the interest rate on the respective loans.  Therefore, these amounts are reflected in fixed-rate debt at March 31, 2013 and December 31, 2012.

(3) This amount represents the noncontrolling partner's equity contributions related to Pearland Town Center that is accounted for as a financing due to certain terms of the CBL/T-C, LLC joint venture agreement.

(4) The Company converted its secured line of credit to unsecured in February 2013.

Schedule of Line of Credit Facilities [Table Text Block]

The following summarizes certain information about the Company's unsecured lines of credit as of March 31, 2013:     

	Total Capacity		Total Outstanding			Maturity Date	Extended Maturity Date
Facility A	$	600,000	$	300,297	(1)	November 2015	November 2016
First Tennessee	100,000		10,179			February 2016	N/A
Facility B	600,000		147,806			November 2016	November 2017
	$	1,300,000	$	458,282

(1) There was an additional $825 outstanding on this facility as of March 31, 2013 for letters of credit. Up to $50,000 of the capacity on this facility can be used for letters of credit.

Schedule of Covenant Compliance [Table Text Block]

The following presents the Company's compliance with key unsecured debt covenant compliance ratios as of March 31, 2013:

Ratio	Required	Actual
Debt to total asset value	< 60%	51.7%
Ratio of unencumbered asset value to unsecured indebtedness	> 1.60x	3.52x
Ratio of unencumbered NOI to unsecured interest expense	> 1.75x	7.72x
Ratio of EBITDA to fixed charges (debt service)	> 1.50x	2.05x

Schedule of principal repayments

As of March 31, 2013, the scheduled principal amortization and balloon payments of the Company’s consolidated debt, excluding extensions available at the Company’s option, on all mortgage and other indebtedness, including construction loans and lines of credit, are as follows: 

2013	$	417,904
2014	220,984
2015	879,696
2016	927,500
2017	552,682
Thereafter	1,669,379
	4,668,145
Net unamortized premiums	12,376
	$	4,680,521

Schedule of interest rate derivatives designated as cash flow hedges of interest rate risk

As of March 31, 2013, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk:

Interest Rate Derivative	Number of Instruments	Notional Amount Outstanding
Interest Rate Cap	1	$	123,500
Interest Rate Swaps	4	$	112,846

Schedule of pay fixed/receive variable swap

Instrument Type	Location in Condensed Consolidated Balance Sheet	Notional Amount Outstanding	Designated Benchmark Interest Rate	Strike Rate	Fair Value at 3/31/2013			Fair Value at 12/31/12			Maturity Date
Cap	Intangible lease assets and other assets	$123,500 (amortizing to $122,375)	3-month LIBOR	5.000%	$	—		$	—		Jan 2014
Pay fixed/ Receive  variable Swap	Accounts payable and accrued liabilities	$54,554 (amortizing to $48,337)	1-month LIBOR	2.149%	$	(2,644	)	$	(2,775	)	Apr 2016
Pay fixed/ Receive    variable Swap	Accounts payable and accrued liabilities	$34,155 (amortizing to $30,276)	1-month LIBOR	2.187%	(1,691		)	(1,776		)	Apr 2016
Pay fixed/ Receive    variable Swap	Accounts payable and accrued liabilities	$12,769 (amortizing to $11,313)	1-month LIBOR	2.142%	(616		)	(647		)	Apr 2016
Pay fixed/ Receive    variable Swap	Accounts payable and accrued liabilities	$11,368 (amortizing to $10,083)	1-month LIBOR	2.236%	(578		)	(607		)	Apr 2016
					$	(5,529	)	$	(5,805	)

Schedule of gain (loss) recognized in other comprehensive income (loss)

	Gain Recognized in OCI/L (Effective Portion)				Location of Losses Reclassified from AOCI into Earnings(Effective  Portion)	Loss Recognized in Earnings (Effective Portion)						Location of Gain Recognized in Earnings (Ineffective  Portion)	Gain Recognized in Earnings (Ineffective Portion)
Hedging Instrument	Three Months Ended March 31,					Three Months Ended March 31,							Three Months Ended March 31,
	2013		2012			2013			2012				2013		2012
Interest rate contracts	$	276	$	284	Interest Expense	$	(557	)	$	(562	)	Interest Expense	$	—	$	—