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Subsequent Events
3 Months Ended
Mar. 31, 2015
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events
In May 2015, the Company retired an operating property loan, with a principal balance of $49,602 outstanding as of March 31, 2015, with borrowings from its credit facilities. The loan was secured by Imperial Valley Mall in El Centro, CA and was scheduled to mature in September 2015 and bore interest at a fixed-rate of 4.99%.
In April 2015, the Company closed on the sale of Madison Square, a non-core mall located in Huntsville, AL for a gross sales price of $5,000. The Company expects to record a loss on impairment of approximately $2,700 in the second quarter of 2015 to adjust the depreciated book value of the mall to the net sales price.