Subsequent Events:

12 Months Ended

Dec. 31, 2014

Subsequent Events [Abstract]

Subsequent Events:

Subsequent Events:

On January 30, 2015, the Company announced a dividend/distribution of $0.65 per share for common stockholders and OP Unit holders of record on February 20, 2015. All dividends/distributions will be paid 100% in cash on March 6, 2015.

On February 17, 2015, the Company acquired the remaining 50% ownership interest in Inland Center, a 933,000 square foot regional shopping center in San Bernardino, California, that it did not previously own for $51,250. The purchase price was funded by a cash payment of $26,250 and the assumption of the third party's share of the mortgage note payable on the property of $25,000. Concurrent with the purchase of the joint venture interest, the Company paid off the $50,000 loan on the property. The cash payment was funded by borrowings under the Company's line of credit.

On February 19, 2015, the Company closed a $280,000 loan on Vintage Faire Mall that bears interest at a rate of 3.49% and matures on March 6, 2026.