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Mortgage and Other Indebtedness (Tables)
 9 Months Ended
Sep. 30, 2013
Debt Disclosure [Abstract]  
Schedule of mortgage and other indebtedness
Mortgage and other indebtedness consisted of the following:
 
September 30, 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)
$
3,498,825

 
5.56%
 
$
3,776,245

 
5.42%
Financing method obligation (3)
18,264

 
8.00%
 
18,264

 
8.00%
Total fixed-rate debt
3,517,089

 
5.57%
 
3,794,509

 
5.43%
Variable-rate debt:
 

 
 
 
 

 
 
Non-recourse term loans on operating properties
134,119

 
3.16%
 
123,875

 
3.36%
Recourse term loans on operating properties
51,960

 
1.89%
 
97,682

 
1.78%
Construction loans
49,641

 
2.93%
 
15,366

 
2.96%
Unsecured lines of credit
664,908

 
1.58%
 
475,626

 
2.07%
Secured line of credit (4)
—

 
—%
 
10,625

 
2.46%
Unsecured term loans
450,000

 
1.72%
 
228,000

 
1.82%
Total variable-rate debt
1,350,628

 
1.85%
 
951,174

 
2.20%
Total
$
4,867,717

 
4.54%
 
$
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 $110,875 as of September 30, 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 September 30, 2013 and December 31, 2012.
(3)
This amount represents the noncontrolling partner's equity contribution 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 September 30, 2013:     
 
 
 
Total
Capacity
 
 
Total
Outstanding
 
Maturity
Date
 
Extended
Maturity
Date
Facility A
 
$
600,000

 
$
509,525

(1) 
November 2015
 
November 2016
First Tennessee
 
100,000

 
31,000

 
February 2016
 
N/A
Facility B
 
600,000

 
124,383

(2) 
November 2016
 
November 2017
 
 
$
1,300,000

 
$
664,908

 
 
 
 
(1) There was an additional $475 outstanding on this facility as of September 30, 2013 for letters of credit. Up to $50,000 of the capacity on this facility can be used for letters of credit.
(2) There was an additional $617 outstanding on this facility as of September 30, 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 September 30, 2013:
Ratio
 
Required
 
Actual
Debt to total asset value
 
< 60%
 
52.7%
Ratio of unencumbered asset value to unsecured indebtedness
 
> 1.60x
 
2.43x
Ratio of unencumbered NOI to unsecured interest expense
 
> 1.75x
 
7.61x
Ratio of EBITDA to fixed charges (debt service)
 
> 1.50x
 
2.15x
Schedule of principal repayments
As of September 30, 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
$
45,898

2014
219,148

2015
1,108,496

2016
943,779

2017
550,777

Thereafter
1,988,573

 
4,856,671

Net unamortized premiums
11,046

 
$
4,867,717
Schedule of interest rate derivatives designated as cash flow hedges of interest rate risk
As of September 30, 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
 
$
122,750

Interest Rate Swaps
 
4
 
$
110,875
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
9/30/2013
 
Fair
Value at
12/31/12
 
Maturity
Date
Cap
 
Intangible lease assets
and other assets
 
$122,750
(amortizing
to $122,375)
 
3-month
LIBOR
 
5.000%
 
$
—

 
$
—

 
Jan 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pay fixed/ Receive
 variable Swap
 
Accounts payable and
accrued liabilities
 
$53,599
(amortizing
to $48,337)
 
1-month
LIBOR
 
2.149%
 
$
(2,111
)
 
$
(2,775
)
 
Apr 2016
Pay fixed/ Receive
   variable Swap
 
Accounts payable and
accrued liabilities
 
$33,559
(amortizing
to $30,276)
 
1-month
LIBOR
 
2.187%
 
(1,351
)
 
(1,776
)
 
Apr 2016
Pay fixed/ Receive
   variable Swap
 
Accounts payable and
accrued liabilities
 
$12,546
(amortizing
to $11,313)
 
1-month
LIBOR
 
2.142%
 
(492
)
 
(647
)
 
Apr 2016
Pay fixed/ Receive
   variable Swap
 
Accounts payable and
accrued liabilities
 
$11,171
(amortizing
to $10,083)
 
1-month
LIBOR
 
2.236%
 
(463
)
 
(607
)
 
Apr 2016
 
 
 
 
 
 
 
 
 
 
$
(4,417
)
 
$
(5,805
)
 
 
Schedule of gain (loss) recognized in other comprehensive income (loss)

 
 
 
Gain (Loss)
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 September 30,
 
 
Three Months
Ended September 30,
 
 
Three Months
Ended September 30,
 
2013
 
2012
 
 
2013
 
2012
 
 
2013
 
2012
Interest rate contracts
 
$
117

 
$
(234
)
 
Interest
Expense
 
$
(568
)
 
$
(567
)
 
Interest
Expense
 
$
—

 
$
—



 
 
 
Gain (Loss)
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
 
Nine Months Ended
September 30,
 
 
Nine Months Ended
September 30,
 
 
Nine Months Ended
September 30,
 
2013
 
2012
 
 
2013
 
2012
 
 
2013
 
2012
Interest rate contracts
 
$
1,398

 
$
(715
)
 
Interest
Expense
 
$
(1,687
)
 
$
(1,696
)
 
Interest
Expense
 
$
—

 
$
—