XML 68 R48.htm IDEA: XBRL DOCUMENT v3.8.0.1
Acquisitions and Dispositions (Acquisitions) (Details)
$ in Thousands
1 Months Ended
Mar. 31, 2017
store
Jan. 31, 2017
USD ($)
store
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]    
Land   $ 49,663
Building and improvements   16,779
Tenant improvements   4,611
Above-market leases   681
In-place leases   8,943
Total assets   80,677
Below-market leases   (878)
Net assets acquired   $ 79,799
Macy's    
Business Acquisition [Line Items]    
Number of stores closed (store) | store 3  
Sears Department Stores    
Business Acquisition [Line Items]    
Number of stores acquired (store) | store   5
Minimum period of lease before termination   2 years
Sears Auto Centers    
Business Acquisition [Line Items]    
Number of stores acquired (store) | store   2
Minimum period of lease before termination   1 year
Sears Department Stores and Auto Centers    
Business Acquisition [Line Items]    
Consideration paid   $ 72,765
Transaction costs   $ 265
Term of lease   10 years
Initial base rent   $ 5,075
Decrease in rent for third through tenth years of leases   0.25%
Required notice period for cancellation of lease   6 months
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]    
Land   $ 45,028
Building and improvements   14,814
Tenant improvements   4,234
Above-market leases   681
In-place leases   8,364
Total assets   73,121
Below-market leases   (356)
Net assets acquired   $ 72,765
Sears Department Stores and Auto Centers | Above-market leases    
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]    
Weighted average amortization period   2 years
Sears Department Stores and Auto Centers | In-place leases    
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]    
Weighted average amortization period   2 years 2 months
Sears Department Stores and Auto Centers | Below-market leases    
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]    
Weighted average amortization period   5 years 4 months 20 days
Jefferson Mall    
Business Acquisition [Line Items]    
Minimum period of lease before termination   4 years
Macy's    
Business Acquisition [Line Items]    
Number of stores acquired (store) | store   4
Consideration paid   $ 7,034
Transaction costs   34
Annual maintenance charge   19
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]    
Land   4,635
Building and improvements   1,965
Tenant improvements   377
Above-market leases   0
In-place leases   579
Total assets   7,556
Below-market leases   (522)
Net assets acquired   $ 7,034
Macy's | In-place leases    
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]    
Weighted average amortization period   2 years 1 month 28 days
Macy's | Below-market leases    
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]    
Weighted average amortization period   2 years 1 month 28 days