Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2016

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following tables set forth information regarding the Company’s financial instruments that are measured at fair value on a recurring basis in the accompanying condensed consolidated balance sheets as of March 31, 2016 and December 31, 2015:

			Fair Value Measurements at Reporting Date Using
	Fair Value at March 31, 2016		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Liabilities:
Interest rate swaps (1)	$	—	$	—	$	—	$	—

(1) The interest rate swaps matured April 1, 2016.

			Fair Value Measurements at Reporting Date Using
	Fair Value at December 31, 2015		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Liabilities:
Interest rate swaps	$	434	$	—	$	434	$	—

Schedule of Assets Measured at Fair Value on Nonrecurring Basis

The following table sets forth information regarding the Company's assets that are measured at fair value on a nonrecurring basis and related impairment charges:

			Fair Value Measurements at Reporting Date Using
	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Loss
2016:
Long-lived assets	$	57,200	$	—	$	—	$	57,200	$	19,514

Schedule of Changes in Level 3

A reconciliation of each property's carrying values for the three months ending March 31, 2016 is as follows:

	Bonita     Lakes (1)			Midland Mall (2)			River Ridge Mall (3)			Total
Beginning carrying value, January 1, 2016	$	33,347		$	34,195		$	56,610		$	124,152
Capital expenditures	379			52			7,106			7,537
Depreciation expense	(403		)	(366		)	(673		)	(1,442		)
Net sales proceeds							(33,500		)	(33,500		)
Loss on impairment of real estate	(5,323		)	(4,681		)	(9,510		)	(19,514		)
Reclass to investments in unconsolidated affiliates	—			—			(20,033		)	(20,033		)
Ending carrying value, March 31, 2016	$	28,000		$	29,200		$	—		$	57,200

(1) The revenues of Bonita Lakes accounted for approximately 0.7% of total consolidated revenues for the trailing twelve months ended March 31, 2016.

(2) The revenues of Midland Mall accounted for approximately 0.6% of total consolidated revenues for the trailing twelve months ended March 31, 2016.

(3) The revenues of River Ridge Mall accounted for approximately 0.6% of total consolidated revenues for the trailing twelve months ended March 31, 2016.