Subsequent Events:

12 Months Ended

Dec. 31, 2012

Subsequent Events:

Subsequent Events:

24. Subsequent Events:

        On January 2, 2013, the Company's joint venture in Kierland Commons replaced the existing loans on the property with a new $135,000 loan that bears interest at LIBOR plus 1.90% and matures on January 2, 2016.

        On January 3, 2013, the Company exercised an option to borrow an additional $146,000 on the mortgage note on Kings Plaza Shopping Center.

        On January 24, 2013, the Company acquired Green Acres Mall, a 1,800,000 square foot regional shopping center in Valley Stream, New York, for a purchase price of $500,000. The purchase price was funded from the placement of a $325,000 mortgage note on the property and $175,000 from borrowings under the Company's line of credit. Pro forma information is not yet available for this acquisition, as the purchase price allocation has not yet been completed.

        On February 1, 2013, the Company announced a dividend/distribution of $0.58 per share for common stockholders and OP Unit holders of record on February 22, 2013. All dividends/distributions will be paid 100% in cash on March 8, 2013.