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Schedule III - Real Estate Assets and Accumulated Depreciation
 12 Months Ended
Dec. 31, 2013
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]  
Real Estate Assets and Accumulated Depreciation

 
 
 
 
Initial Cost(A)
 
 
 
 
 
Gross Amounts at Which Carried at Close of Period
 
 
Description /Location
 
Encumbrances
 (B)
 
Land
 
Buildings and Improvements
 
Costs
 Capitalized Subsequent to Acquisition
 
Sales of Outparcel
  Land
 
Land
 
Buildings and Improvements
 
Total (C)
 
Accumulated Depreciation (D)
 
 Date of Construction
 / Acquisition
 MALLS:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Acadiana Mall, Lafayette, LA
 
134,933

 
22,511

 
145,769

 
14,875

 
—

 
22,511

 
160,644

 
183,155

 
(57,868
)
 
2005
 Alamance Crossing, Burlington, NC
 
49,350

 
20,853

 
63,105

 
39,269

 
(2,528
)
 
18,325

 
102,374

 
120,699

 
(20,199
)
 
2007
 Arbor Place, Douglasville, GA
 
119,319

 
7,862

 
95,330

 
24,280

 
—

 
7,862

 
119,610

 
127,472

 
(48,683
)
 
1998-1999
 Asheville Mall, Asheville, NC
 
74,819

 
7,139

 
58,747

 
49,461

 
(805
)
 
6,334

 
108,208

 
114,542

 
(41,478
)
 
1998
 Bonita Lakes Mall, Meridian, MS
 
—

 
4,924

 
31,933

 
6,700

 
(985
)
 
4,924

 
37,648

 
42,572

 
(16,505
)
 
1997
 Brookfield Square, Brookfield, WI
 
90,117

 
8,996

 
84,250

 
45,413

 
(18
)
 
9,170

 
129,471

 
138,641

 
(46,005
)
 
2001
 Burnsville Center, Burnsville, MN
 
77,565

 
12,804

 
71,355

 
52,440

 
(1,157
)
 
16,102

 
119,340

 
135,442

 
(44,771
)
 
1998
 Cary Towne Center, Cary, NC
 
53,679

 
23,688

 
74,432

 
27,383

 
—

 
23,701

 
101,802

 
125,503

 
(33,569
)
 
2001
 Chapel Hill Mall, Akron, OH
 
68,681

 
6,578

 
68,043

 
13,764

 
—

 
6,578

 
81,807

 
88,385

 
(22,428
)
 
2004
 CherryVale Mall, Rockford, IL
 
80,364

 
11,892

 
63,973

 
54,905

 
(1,667
)
 
11,608

 
117,495

 
129,103

 
(36,086
)
 
2001
 Chesterfield Mall, Chesterfield, MO
 
140,000

 
11,083

 
282,140

 
2,433

 
—

 
11,083

 
284,573

 
295,656

 
(58,711
)
 
2007
 Citadel Mall, Charleston, SC
 
68,169

 
10,990

 
44,008

 
(30,065
)
 
(1,289
)
 
4,926

 
18,718

 
23,644

 
(461
)
 
2001
 College Square, Morristown, TN
 
—

 
2,954

 
17,787

 
22,847

 
(88
)
 
2,866

 
40,634

 
43,500

 
(18,915
)
 
1987-1988
 Columbia Place, Columbia, SC
 
27,265

 
1,526

 
52,348

 
(47,218
)
 
(423
)
 
1,103

 
5,130

 
6,233

 
(476
)
 
2002
 Cross Creek Mall, Fayetteville, NC
 
133,964

 
19,155

 
104,353

 
31,147

 
—

 
20,169

 
134,486

 
154,655

 
(32,559
)
 
2003
 Dakota Square Mall, Minot, ND
 
57,642

 
4,552

 
87,625

 
2,296

 
—

 
4,552

 
89,921

 
94,473

 
(4,401
)
 
2012
 Eastland Mall, Bloomington, IL
 
59,400

 
5,746

 
75,893

 
7,255

 
(754
)
 
5,304

 
82,836

 
88,140

 
(24,442
)
 
2005
 East Towne Mall, Madison, WI
 
68,539

 
4,496

 
63,867

 
41,566

 
(366
)
 
4,130

 
105,433

 
109,563

 
(35,160
)
 
2002
 EastGate Mall , Cincinnati, OH
 
41,101

 
13,046

 
44,949

 
26,666

 
(1,017
)
 
12,029

 
71,615

 
83,644

 
(23,936
)
 
2001
 Fashion Square, Saginaw, MI
 
40,675

 
15,218

 
64,970

 
11,513

 
—

 
15,218

 
76,483

 
91,701

 
(26,199
)
 
2001
 Fayette Mall, Lexington, KY
 
175,318

 
25,194

 
84,267

 
72,269

 
11

 
25,205

 
156,536

 
181,741

 
(41,777
)
 
2001
 Frontier Mall , Cheyenne, WY
 
—

 
2,681

 
15,858

 
18,654

 
—

 
2,681

 
34,512

 
37,193

 
(18,867
)
 
1984-1985
 Foothills Mall, Maryville, TN
 
—

 
5,558

 
25,244

 
11,652

 
—

 
5,558

 
36,896

 
42,454

 
(22,010
)
 
1996
 Greenbrier Mall, Chesapeake, VA
 
75,543

 
3,181

 
107,355

 
12,887

 
(626
)
 
2,555

 
120,242

 
122,797

 
(30,140
)
 
2004
 Hamilton Place, Chattanooga, TN
 
103,888

 
3,532

 
42,623

 
39,866

 
(441
)
 
3,091

 
82,489

 
85,580

 
(41,954
)
 
2007
 Hanes Mall, Winston-Salem, NC
 
153,977

 
17,176

 
133,376

 
45,635

 
(948
)
 
16,808

 
178,431

 
195,239

 
(57,508
)
 
2001
 Harford Mall, Bel Air, MD
 
—

 
8,699

 
45,704

 
21,590

 
—

 
8,699

 
67,294

 
75,993

 
(19,236
)
 
2003
 Hickory Point, (Forsyth) Decatur, IL
 
29,005

 
10,731

 
31,728

 
12,450

 
(293
)
 
10,439

 
44,177

 
54,616

 
(14,573
)
 
2005
 Honey Creek Mall, Terre Haute, IN
 
29,988

 
3,108

 
83,358

 
12,367

 
—

 
3,108

 
95,725

 
98,833

 
(24,809
)
 
2004
 Imperial Valley Mall, El Centro, CA
 
51,278

 
35,378

 
70,549

 
160

 
—

 
35,378

 
70,709

 
106,087

 
(2,478
)
 
2012
 Janesville Mall, Janesville, WI
 
3,797

 
8,074

 
26,009

 
8,035

 
—

 
8,074

 
34,044

 
42,118

 
(13,258
)
 
1998
 Jefferson Mall, Louisville, KY
 
69,599

 
13,125

 
40,234

 
23,653

 
(521
)
 
12,604

 
63,887

 
76,491

 
(20,828
)
 
2001
 Kirkwood Mall , Bismarck ND
 
39,778

 
3,368

 
118,945

 
963

 
—

 
3,368

 
119,908

 
123,276

 
(3,902
)
 
2012

 
 
 
 
Initial Cost(A)
 
 
 
 
 
Gross Amounts at Which Carried at Close of Period
 
 
Description /Location
 
Encumbrances
 (B)
 
Land
 
Buildings and Improvements
 
Costs
 Capitalized Subsequent to Acquisition
 
Sales of Outparcel
  Land
 
Land
 
Buildings and Improvements
 
Total (C)
 
Accumulated Depreciation (D)
 
 Date of Construction
 / Acquisition
 The Lakes Mall, Muskegon, MI
 
—

 
3,328

 
42,366

 
11,398

 
—

 
3,328

 
53,764

 
57,092

 
(21,896
)
 
2000-2001
 Lakeshore Mall, Sebring, FL
 
—

 
1,443

 
28,819

 
7,210

 
(169
)
 
1,274

 
36,029

 
37,303

 
(18,182
)
 
1991-1992
 Laurel Park Place, Livonia, MI
 
—

 
13,289

 
92,579

 
10,005

 
—

 
13,289

 
102,584

 
115,873

 
(32,705
)
 
2005
 Layton Hills Mall, Layton, UT
 
96,433

 
20,464

 
99,836

 
12,569

 
(275
)
 
20,189

 
112,405

 
132,594

 
(31,971
)
 
2005
 Madison Square, Huntsville, AL
 
—

 
17,596

 
39,186

 
(48,810
)
 
—

 
2,550

 
5,422

 
7,972

 
—

 
1984
 Mall del Norte, Laredo, TX
 
113,400

 
21,734

 
142,049

 
49,273

 
—

 
21,734

 
191,322

 
213,056

 
(57,901
)
 
2004
 Meridian Mall , Lansing, MI
 
—

 
529

 
103,678

 
67,057

 
—

 
2,232

 
169,032

 
171,264

 
(66,114
)
 
1998
 Midland Mall, Midland, MI
 
33,894

 
10,321

 
29,429

 
9,591

 
—

 
10,321

 
39,020

 
49,341

 
(14,725
)
 
2001
 Mid Rivers Mall, St. Peters, MO
 
—

 
16,384

 
170,582

 
12,798

 
—

 
16,384

 
183,380

 
199,764

 
(37,655
)
 
2007
 Monroeville Mall, Pittsburgh, PA
 
—

 
22,195

 
177,214

 
56,942

 
—

 
24,716

 
231,635

 
256,351

 
(55,932
)
 
2004
 Northgate Mall, Chattanooga, TN
 
—

 
2,330

 
8,960

 
10,406

 
—

 
2,330

 
19,366

 
21,696

 
(1,167
)
 
2011
 Northpark Mall, Joplin, MO
 
—

 
9,977

 
65,481

 
33,633

 
—

 
10,962

 
98,129

 
109,091

 
(30,191
)
 
2004
 Northwoods Mall, Charleston, SC
 
71,294

 
14,867

 
49,647

 
19,460

 
(2,339
)
 
12,528

 
69,107

 
81,635

 
(23,035
)
 
2001
 Old Hickory Mall, Jackson, TN
 
—

 
15,527

 
29,413

 
6,508

 
—

 
15,527

 
35,921

 
51,448

 
(12,958
)
 
2001
The Outlet Shoppes at Atlanta, Woodstock, GA
 
79,902

 
7,186

 
96,640

 
(42,216
)
 
—

 
7,186

 
54,424

 
61,610

 
(1,220
)
 
2013
The Outlet Shoppes at El Paso, El Paso, TX
 
65,465

 
9,239

 
96,640

 
1,218

 
—

 
9,239

 
97,858

 
107,097

 
(6,677
)
 
2012
The Outlet Shoppes at Gettysburg, Gettysburg, PA
 
39,437

 
20,953

 
22,180

 
463

 
—

 
20,953

 
22,643

 
43,596

 
(2,154
)
 
2012
The Outlet Shoppes at Oklahoma City, Oklahoma City, OK
 
57,812

 
8,364

 
50,268

 
11,778

 
—

 
8,368

 
62,042

 
70,410

 
(9,788
)
 
2011
 Parkdale Mall, Beaumont, TX
 
89,991

 
23,850

 
47,390

 
49,644

 
(307
)
 
23,543

 
97,034

 
120,577

 
(30,350
)
 
2001
 Park Plaza Mall, Little Rock, AR
 
93,909

 
6,297

 
81,638

 
35,254

 
—

 
6,304

 
116,885

 
123,189

 
(38,851
)
 
2004
 Parkway Place, Huntsville, AL
 
39,433

 
6,364

 
67,067

 
1,883

 
—

 
6,364

 
68,950

 
75,314

 
(8,585
)
 
2010
 Pearland Town Center, Pearland, TX
 
17,570

 
16,300

 
108,615

 
13,849

 
(366
)
 
15,443

 
122,955

 
138,398

 
(27,284
)
 
2008
 Post Oak Mall, College Station, TX
 
—

 
3,936

 
48,948

 
12,167

 
(327
)
 
3,608

 
61,116

 
64,724

 
(27,005
)
 
1984-1985
 Randolph Mall, Asheboro, NC
 
—

 
4,547

 
13,927

 
10,442

 
—

 
4,547

 
24,369

 
28,916

 
(7,888
)
 
2001
 Regency Mall, Racine, WI
 
—

 
3,384

 
36,839

 
15,238

 
—

 
4,244

 
51,217

 
55,461

 
(18,577
)
 
2001
 Richland Mall, Waco, TX
 
—

 
9,874

 
34,793

 
9,243

 
—

 
9,887

 
44,023

 
53,910

 
(14,581
)
 
2002
 River Ridge Mall, Lynchburg, VA
 
—

 
4,824

 
59,052

 
12,413

 
(94
)
 
4,731

 
71,464

 
76,195

 
(15,738
)
 
2003
 South County Center, St. Louis, MO
 
—

 
15,754

 
159,249

 
13,775

 
—

 
15,754

 
173,024

 
188,778

 
(34,169
)
 
2007
 Southaven Towne Center, Southaven, MS
 
40,929

 
8,255

 
29,380

 
13,207

 
—

 
8,478

 
42,364

 
50,842

 
(12,820
)
 
2005
 Southpark Mall, Colonial Heights, VA
 
65,531

 
9,501

 
73,262

 
30,190

 
—

 
11,282

 
101,671

 
112,953

 
(28,350
)
 
2003
 Stroud Mall, Stroudsburg, PA
 
33,243

 
14,711

 
23,936

 
21,252

 
—

 
14,711

 
45,188

 
59,899

 
(14,846
)
 
1998
 St. Clair Square, Fairview Heights, IL
 
122,375

 
11,027

 
75,620

 
33,946

 
—

 
11,027

 
109,566

 
120,593

 
(43,297
)
 
1996
 Sunrise Mall, Brownsville, TX
 
—

 
11,156

 
59,047

 
(1,662
)
 
—

 
11,156

 
57,385

 
68,541

 
(16,532
)
 
2003

 
 
 
 
Initial Cost(A)
 
 
 
 
 
Gross Amounts at Which Carried at Close of Period
 
 
Description /Location
 
Encumbrances
 (B)
 
Land
 
Buildings and Improvements
 
Costs
 Capitalized Subsequent to Acquisition
 
Sales of Outparcel
  Land
 
Land
 
Buildings and Improvements
 
Total (C)
 
Accumulated Depreciation (D)
 
 Date of Construction
 / Acquisition
 Turtle Creek Mall , Hattiesburg, MS
 
—

 
2,345

 
26,418

 
19,057

 
—

 
3,535

 
44,285

 
47,820

 
(19,671
)
 
1993-1995
 Valley View Mall, Roanoke, VA
 
61,027

 
15,985

 
77,771

 
17,615

 
—

 
15,999

 
95,372

 
111,371

 
(25,501
)
 
2003
 Volusia Mall, Daytona Beach, FL
 
51,586

 
2,526

 
120,242

 
15,885

 
—

 
6,431

 
132,222

 
138,653

 
(32,570
)
 
2004
 Walnut Square, Dalton, GA
 
—

 
50

 
15,138

 
16,746

 
—

 
50

 
31,884

 
31,934

 
(17,164
)
 
1984-1985
 Wausau Center, Wausau, WI
 
18,790

 
5,231

 
24,705

 
16,901

 
(5,231
)
 
—

 
41,606

 
41,606

 
(16,347
)
 
2001
 West Towne Mall, Madison, WI
 
96,811

 
9,545

 
83,084

 
44,443

 
—

 
9,545

 
127,527

 
137,072

 
(40,435
)
 
2002
 WestGate Mall, Spartanburg, SC
 
38,818

 
2,149

 
23,257

 
45,178

 
(432
)
 
1,742

 
68,410

 
70,152

 
(32,855
)
 
1995
 Westmoreland Mall, Greensburg, PA
 
—

 
4,621

 
84,215

 
15,056

 
—

 
4,621

 
99,271

 
103,892

 
(32,316
)
 
2002
 York Galleria, York, PA
 
53,093

 
5,757

 
63,316

 
9,176

 
—

 
5,757

 
72,492

 
78,249

 
(27,200
)
 
1995
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 ASSOCIATED CENTERS:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Annex at Monroeville, Monroeville, PA
 
—

 
716

 
29,496

 
(707
)
 
—

 
716

 
28,789

 
29,505

 
(6,846
)
 
2004
 Bonita Lakes Crossing, Meridian, MS
 
—

 
794

 
4,786

 
8,679

 
—

 
794

 
13,465

 
14,259

 
(5,286
)
 
1997
 Chapel Hill Suburban, Akron, OH
 
—

 
925

 
2,520

 
935

 
—

 
925

 
3,455

 
4,380

 
(948
)
 
2004
 CoolSprings Crossing, Nashville, TN
 
12,427

 
2,803

 
14,985

 
4,549

 
—

 
3,554

 
18,783

 
22,337

 
(10,576
)
 
1991-1993
 Courtyard at Hickory Hollow, Nashville, TN
—

 
3,314

 
2,771

 
(2,099
)
 
(231
)
 
1,500

 
2,255

 
3,755

 
(142
)
 
1998
 EastGate Crossing, Cincinnati, OH
 
15,024

 
707

 
2,424

 
7,963

 
(11
)
 
696

 
10,387

 
11,083

 
(3,149
)
 
2001
Foothills Plaza, Maryville, TN
 
—

 
269

 
4,092

 
1,478

 
—

 
289

 
5,550

 
5,839

 
(3,466
)
 
1984-1988
 Frontier Square, Cheyenne, WY
 
—

 
346

 
684

 
374

 
(86
)
 
260

 
1,058

 
1,318

 
(595
)
 
1985
 Gunbarrel Pointe, Chattanooga, TN
 
11,067

 
4,170

 
10,874

 
3,380

 
—

 
4,170

 
14,254

 
18,424

 
(4,451
)
 
2000
 Hamilton Corner, Chattanooga, TN
 
15,289

 
630

 
5,532

 
5,845

 
—

 
734

 
11,273

 
12,007

 
(5,483
)
 
1986-1987
 Hamilton Crossing, Chattanooga, TN
 
10,075

 
4,014

 
5,906

 
6,705

 
(1,370
)
 
2,644

 
12,611

 
15,255

 
(5,691
)
 
1987
 Harford Annex , Bel Air, MD
 
—

 
2,854

 
9,718

 
853

 
—

 
2,854

 
10,571

 
13,425

 
(2,629
)
 
2003
 The Landing at Arbor Place, Douglasville, GA
—

 
4,993

 
14,330

 
1,487

 
(748
)
 
4,245

 
15,817

 
20,062

 
(7,248
)
 
1998-1999
 Layton Hills Convenience Center, Layton Hills, UT
—

 
—

 
8

 
954

 
—

 
—

 
962

 
962

 
(273
)
 
2005
 Layton Hills Plaza, Layton Hills, UT
 
—

 
—

 
2

 
299

 
—

 
—

 
301

 
301

 
(133
)
 
2005
 Madison Plaza , Huntsville, AL
 
—

 
473

 
2,888

 
3,678

 
—

 
473

 
6,566

 
7,039

 
(4,052
)
 
1984
 The Plaza at Fayette, Lexington, KY
 
39,833

 
9,531

 
27,646

 
4,191

 
—

 
9,531

 
31,837

 
41,368

 
(8,294
)
 
2006
 Parkdale Crossing, Beaumont, TX
 
—

 
2,994

 
7,408

 
2,088

 
(355
)
 
2,639

 
9,496

 
12,135

 
(2,720
)
 
2002
 The Shoppes At Hamilton Place, Chattanooga, TN
—

 
4,894

 
11,700

 
1,407

 
—

 
4,894

 
13,107

 
18,001

 
(3,384
)
 
2003
 Sunrise Commons, Brownsville, TX
 
—

 
1,013

 
7,525

 
1,108

 
—

 
1,013

 
8,633

 
9,646

 
(2,311
)
 
2003
 The Shoppes at St. Clair Square, Fairview Heights, IL
 
20,187

 
8,250

 
23,623

 
460

 
(5,044
)
 
3,206

 
24,083

 
27,289

 
(6,419
)
 
2007
 The Terrace, Chattanooga, TN
 
13,963

 
4,166

 
9,929

 
8,097

 
—

 
6,536

 
15,656

 
22,192

 
(4,320
)
 
1997
 West Towne Crossing, Madison, WI
 
—

 
1,151

 
2,955

 
312

 
—

 
1,151

 
3,267

 
4,418

 
(1,013
)
 
1998

 
 
 
 
Initial Cost(A)
 
 
 
 
 
Gross Amounts at Which Carried at Close of Period
 
 
Description /Location
 
Encumbrances
 (B)
 
Land
 
Buildings and Improvements
 
Costs
 Capitalized Subsequent to Acquisition
 
Sales of Outparcel
  Land
 
Land
 
Buildings and Improvements
 
Total (C)
 
Accumulated Depreciation (D)
 
 Date of Construction
 / Acquisition
 WestGate Crossing, Spartanburg, SC
 
—

 
1,082

 
3,422

 
6,180

 
—

 
1,082

 
9,602

 
10,684

 
(3,563
)
 
1997
 Westmoreland Crossing, Greensburg, PA
 
—

 
2,898

 
21,167

 
8,955

 
—

 
2,898

 
30,122

 
33,020

 
(8,271
)
 
2002
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 COMMUNITY CENTERS:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Cobblestone Village, Palm Coast, FL
 
—

 
6,082

 
12,070

 
(567
)
 
(220
)
 
4,296

 
13,069

 
17,365

 
(2,123
)
 
2007
 The Crossing at Marshalls Creek, Marshalls Creek, PA
 
—

 
6,456

 
15,351

 
—

 
—

 
6,456

 
15,351

 
21,807

 
(286
)
 
2013
 The Promenade, D'lberville, MS
 
51,300

 
16,278

 
48,806

 
14,529

 
(706
)
 
15,879

 
63,028

 
78,907

 
(8,088
)
 
2009
 The Forum at Grand View, Madison , MS
 
—

 
9,234

 
17,285

 
14,710

 
(288
)
 
9,048

 
31,893

 
40,941

 
(2,148
)
 
2010
 Pemberton Plaza, Vicksburg, MS
 
—

 
1,284

 
1,379

 
431

 
—

 
1,284

 
1,810

 
3,094

 
(578
)
 
2004
 Statesboro Crossing, Statesboro, GA
 
11,337

 
2,855

 
17,805

 
362

 
(235
)
 
2,840

 
17,947

 
20,787

 
(2,982
)
 
2008
 Waynesville Commons, Waynesville, NC
 
—

 
3,511

 
6,141

 
13

 
—

 
3,511

 
6,154

 
9,665

 
(220
)
 
2008
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 OFFICE BUILDINGS:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
840 Greenbrier Circle, Chesapeake, VA
 
—

 
2,096

 
3,091

 
(102
)
 
—

 
2,096

 
2,989

 
5,085

 
(743
)
 
2007
850 Greenbrier Circle, Chesapeake, VA
 
—

 
3,154

 
6,881

 
(345
)
 
—

 
3,154

 
6,536

 
9,690

 
(1,225
)
 
2007
 CBL Center, Chattanooga, TN
 
21,095

 
140

 
24,675

 
(12
)
 
—

 
140

 
24,663

 
24,803

 
(12,273
)
 
2001
 CBL Center II, Chattanooga, TN
 
—

 
—

 
13,648

 
1,039

 
—

 
—

 
14,687

 
14,687

 
(3,283
)
 
2008
 Oak Branch Business Center, Greensboro, NC
 
—

 
535

 
2,192

 
(151
)
 
—

 
535

 
2,041

 
2,576

 
(436
)
 
2007
 One Oyster Point, Newport News, VA
 
—

 
1,822

 
3,623

 
2

 
—

 
1,822

 
3,625

 
5,447

 
(610
)
 
2007
 Pearland Hotel, Pearland, TX
 
—

 
—

 
16,149

 
328

 
—

 
—

 
16,477

 
16,477

 
(3,019
)
 
2008
 Pearland Office, Pearland, TX
 
—

 
—

 
7,849

 
1,341

 
—

 
—

 
9,190

 
9,190

 
(662
)
 
2009
 Pearland Residential Mgmt, Pearland, TX
 
—

 
—

 
9,666

 
9

 
—

 
—

 
9,675

 
9,675

 
(1,456
)
 
2008
 Two Oyster Point, Newport News, VA
 
—

 
1,543

 
3,974

 
359

 
—

 
1,543

 
4,333

 
5,876

 
(1,191
)
 
2007
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 DISPOSITIONS:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 1500 Sunday Drive, Raleigh, NC
 
—

 
812

 
8,872

 
(9,684
)
 
—

 
—

 
—

 
—

 
—

 
2007
 General Cinema, Athens, GA
 
—

 
100

 
1,082

 
(1,182
)
 
—

 
—

 
—

 
—

 
—

 
1984
 Georgia Square , Athens, GA
 
—

 
2,982

 
31,071

 
(34,053
)
 
—

 
—

 
—

 
—

 
—

 
1984
 Lake Point Office Building, Greensboro, NC
 
—

 
1,435

 
14,261

 
(15,696
)
 
—

 
 
 
—

 
—

 
—

 
2007
 Panama City Mall, Panama City, FL
 
—

 
9,017

 
37,454

 
(46,471
)
 
—

 
—

 
—

 
—

 
—

 
2002
 Peninsula Business Center I, Newport News
 
—

 
887

 
1,440

 
(2,327
)
 
—

 
—

 
—

 
—

 
—

 
2007
 Peninsula Business Center II, Newport News
 
—

 
1,654

 
873

 
(2,527
)
 
—

 
—

 
—

 
—

 
—

 
2007
 RiverGate Mall, Nashville, TN
 
—

 
17,896

 
86,767

 
(104,663
)
 
—

 
—

 
—

 
—

 
—

 
1998
 Summit Fair land, Lee's Summit, MO
 
—

 
10,992

 
—

 
(10,992
)
 
—

 
—

 
—

 
—

 
—

 
2010

 
 
 
 
Initial Cost(A)
 
 
 
 
 
Gross Amounts at Which Carried at Close of Period
 
 
Description /Location
 
Encumbrances
 (B)
 
Land
 
Buildings and Improvements
 
Costs
 Capitalized Subsequent to Acquisition
 
Sales of Outparcel
  Land
 
Land
 
Buildings and Improvements
 
Total (C)
 
Accumulated Depreciation (D)
 
 Date of Construction
 / Acquisition
 SunTrust Bank Building, Greensboro, NC
 
—

 
941

 
18,417

 
(19,358
)
 
—

 
—

 
—

 
—

 
—

 
2007
 The Shoppes at Panama City Mall, Panama City, FL
 
—

 
1,010

 
8,294

 
(9,304
)
 
—

 
—

 
—

 
—

 
—

 
2004
 Village at RiverGate, Nashville, TN
 
—

 
2,641

 
2,808

 
(5,449
)
 
—

 
—

 
—

 
—

 
—

 
1998
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Other (E)
 
2,983

 
1,489

 
2,651

 
56

 
(214
)
 
1,279

 
2,703

 
3,982

 
(2,376
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Developments in progress consisting of construction
and Development Properties
 
—

 
—

 
139,383

 
—

 
—

 
—

 
139,383

 
139,383

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 TOTALS
 
$
3,723,076

 
$
939,366

 
$
5,992,352

 
$
1,224,759

 
$
(32,963
)
 
$
858,619

 
$
7,264,895

 
$
8,123,514

 
$
(2,056,357
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

(A)
Initial cost represents the total cost capitalized including carrying cost at the end of the first fiscal year in which the property opened or was acquired.
(B)
Encumbrances represent the face amount of the mortgage and other indebtedness balance at December 31, 2013, excluding debt premium or discount.
(C)
The aggregate cost of land and buildings and improvements for federal income tax purposes is approximately $7.865 billion.
(D)
Depreciation for all properties is computed over the useful life which is generally 40 years for buildings, 10-20 years for certain improvements and 7-10 years for equipment and fixtures.
(E)
Includes non-property mortgages and unsecured credit line mortgages. 

CBL & ASSOCIATES PROPERTIES, INC.
 
REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION

 
The changes in real estate assets and accumulated depreciation for the years ending December 31, 2013, 2012, and 2011 are set forth below (in thousands):

 
Year Ended December 31,
 
2013
 
2012
 
2011
REAL ESTATE ASSETS:
 
 
 
 
 
Balance at beginning of period
$
8,301,013

 
$
7,767,819

 
$
8,611,331

Additions during the period:
 

 
 

 
 

Additions and improvements
282,664

 
217,161

 
201,359

Acquisitions of real estate assets
29,912

 
474,623

 
11,197

Deductions during the period:
 

 
 

 
 

Disposals, deconsolidations and accumulated depreciation on impairments
(412,976
)
 
(108,554
)
 
(999,685
)
Transfers from real estate assets
(8,031
)
 
808

 
(476
)
Impairment of real estate assets
(69,068
)
 
(50,844
)
 
(55,907
)
Balance at end of period
$
8,123,514

 
$
8,301,013

 
$
7,767,819

 
 
 
 
 
 
ACCUMULATED DEPRECIATION:
 

 
 

 
 

Balance at beginning of period
$
1,972,031

 
$
1,762,149

 
$
1,721,194

Depreciation expense
253,142

 
247,702

 
260,847

Accumulated depreciation on real estate assets sold, retired, impaired or deconsolidated
(168,816
)
 
(37,820
)
 
(219,892
)
Balance at end of period
$
2,056,357

 
$
1,972,031

 
$
1,762,149