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Schedule III - Real Estate and Accumulated Depreciation - Real Estate and Accumulated Depreciation (Details) - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Initial Cost - Land $ 2,988,153,342      
Initial Cost - Building & Improvement 7,590,553,397      
Subsequent to Acquisition 1,429,368,409      
Land 3,130,217,410      
Building & Improvement 8,877,857,738      
The company's investment 12,008,075,148 $ 11,568,809,126 $ 10,018,225,775 $ 9,123,343,869
Accumulated Depreciation 2,278,291,645 2,115,319,888 $ 1,955,405,720 $ 1,878,680,836
Total Cost, Net of Accumulated Depreciation 9,729,783,503 $ 9,453,489,000    
Encumbrances 1,139,117,399      
Key Bank Building [Member]        
Initial Cost - Land 1,500,000      
Initial Cost - Building & Improvement 40,486,755      
Subsequent to Acquisition (12,256,024)      
Land 672,719      
Building & Improvement 29,058,012      
The company's investment 29,730,731      
Accumulated Depreciation 18,250,563      
Total Cost, Net of Accumulated Depreciation 11,480,168      
Encumbrances      
The Grove [Member]        
Initial Cost - Land 18,951,763      
Initial Cost - Building & Improvement 6,403,809      
Subsequent to Acquisition 2,321,874      
Land 6,793,454      
Building & Improvement 20,883,992      
The company's investment 27,677,446      
Accumulated Depreciation 6,572,921      
Total Cost, Net of Accumulated Depreciation 21,104,525      
Encumbrances      
El Mirage [Member]        
Initial Cost - Land 6,786,441      
Initial Cost - Building & Improvement 503,987      
Subsequent to Acquisition 130,064      
Land 6,786,441      
Building & Improvement 634,051      
The company's investment 7,420,492      
Accumulated Depreciation 73,155      
Total Cost, Net of Accumulated Depreciation 7,347,337      
Encumbrances      
Talavi Town Center [Member]        
Initial Cost - Land 8,046,677      
Initial Cost - Building & Improvement 17,291,542      
Subsequent to Acquisition 394,536      
Land 8,046,677      
Building & Improvement 17,686,078      
The company's investment 25,732,755      
Accumulated Depreciation 10,390,068      
Total Cost, Net of Accumulated Depreciation 15,342,687      
Encumbrances      
Mesa Pavilions North [Member]        
Initial Cost - Land 6,060,018      
Initial Cost - Building & Improvement 35,955,005      
Subsequent to Acquisition 24,517      
Land 6,060,018      
Building & Improvement 35,979,522      
The company's investment 42,039,540      
Accumulated Depreciation 7,909,208      
Total Cost, Net of Accumulated Depreciation 34,130,332      
Encumbrances      
Mesa Riverview [Member]        
Initial Cost - Land 15,000,000      
Initial Cost - Building & Improvement      
Subsequent to Acquisition 139,963,982      
Land 307,992      
Building & Improvement 154,655,990      
The company's investment 154,963,982      
Accumulated Depreciation 48,059,971      
Total Cost, Net of Accumulated Depreciation 106,904,011      
Encumbrances      
Mesa Pavilions South [Member]        
Initial Cost - Land      
Initial Cost - Building & Improvement 148,508      
Subsequent to Acquisition 99,649      
Land      
Building & Improvement 248,157      
The company's investment 248,157      
Accumulated Depreciation 96,454      
Total Cost, Net of Accumulated Depreciation 151,703      
Encumbrances      
Metro Square [Member]        
Initial Cost - Land 4,101,017      
Initial Cost - Building & Improvement 16,410,632      
Subsequent to Acquisition 1,249,341      
Land 4,101,017      
Building & Improvement 17,659,973      
The company's investment 21,760,990      
Accumulated Depreciation 8,377,898      
Total Cost, Net of Accumulated Depreciation 13,383,092      
Encumbrances      
Hayden Plaza North [Member]        
Initial Cost - Land 2,015,726      
Initial Cost - Building & Improvement 4,126,509      
Subsequent to Acquisition 5,114,019      
Land 2,015,726      
Building & Improvement 9,240,528      
The company's investment 11,256,254      
Accumulated Depreciation 4,030,084      
Total Cost, Net of Accumulated Depreciation 7,226,170      
Encumbrances      
Plaza Del Sol [Member]        
Initial Cost - Land 5,324,502      
Initial Cost - Building & Improvement 21,269,943      
Subsequent to Acquisition 2,164,169      
Land 4,577,870      
Building & Improvement 24,180,744      
The company's investment 28,758,614      
Accumulated Depreciation 8,268,728      
Total Cost, Net of Accumulated Depreciation 20,489,886      
Encumbrances      
Plaza at Mountainside [Member]        
Initial Cost - Land 2,450,341      
Initial Cost - Building & Improvement 9,802,046      
Subsequent to Acquisition 1,809,711      
Land 2,450,341      
Building & Improvement 11,611,757      
The company's investment 14,062,098      
Accumulated Depreciation 5,707,659      
Total Cost, Net of Accumulated Depreciation 8,354,439      
Encumbrances      
Village Crossroads [Member]        
Initial Cost - Land 5,662,554      
Initial Cost - Building & Improvement 24,981,223      
Subsequent to Acquisition 607,424      
Land 5,662,554      
Building & Improvement 25,588,647      
The company's investment 31,251,201      
Accumulated Depreciation 4,248,058      
Total Cost, Net of Accumulated Depreciation 27,003,143      
Encumbrances      
North Valley [Member]        
Initial Cost - Land 6,861,564      
Initial Cost - Building & Improvement 18,200,901      
Subsequent to Acquisition 6,140,408      
Land 3,861,272      
Building & Improvement 27,341,601      
The company's investment 31,202,873      
Accumulated Depreciation 4,277,047      
Total Cost, Net of Accumulated Depreciation 26,925,826      
Encumbrances      
Christown Spectrum Mall [Member]        
Initial Cost - Land 33,831,349      
Initial Cost - Building & Improvement 91,004,070      
Subsequent to Acquisition 12,655,279      
Land 76,638,512      
Building & Improvement 60,852,186      
The company's investment 137,490,698      
Accumulated Depreciation 5,027,963      
Total Cost, Net of Accumulated Depreciation 132,462,735      
Encumbrances 63,919,515      
Asante Retail Center [Member]        
Initial Cost - Land 8,702,635      
Initial Cost - Building & Improvement 3,405,683      
Subsequent to Acquisition 2,866,807      
Land 11,039,471      
Building & Improvement 3,935,654      
The company's investment 14,975,125      
Accumulated Depreciation 422,495      
Total Cost, Net of Accumulated Depreciation 14,552,630      
Encumbrances      
Surprise Spectrum [Member]        
Initial Cost - Land 4,138,760      
Initial Cost - Building & Improvement 94,572      
Subsequent to Acquisition 1,035      
Land 4,138,760      
Building & Improvement 95,607      
The company's investment 4,234,367      
Accumulated Depreciation 11,331      
Total Cost, Net of Accumulated Depreciation 4,223,036      
Encumbrances      
Bell Camino Center [Member]        
Initial Cost - Land 2,427,465      
Initial Cost - Building & Improvement 6,439,065      
Subsequent to Acquisition 209,620      
Land 2,427,465      
Building & Improvement 6,648,685      
The company's investment 9,076,150      
Accumulated Depreciation 1,662,105      
Total Cost, Net of Accumulated Depreciation 7,414,045      
Encumbrances      
College Park Shopping Center [Member]        
Initial Cost - Land 3,276,952      
Initial Cost - Building & Improvement 7,741,323      
Subsequent to Acquisition 937,255      
Land 3,276,952      
Building & Improvement 8,678,578      
The company's investment 11,955,530      
Accumulated Depreciation 2,032,716      
Total Cost, Net of Accumulated Depreciation 9,922,814      
Encumbrances      
Costco Plaza - 541 [Member]        
Initial Cost - Land 4,995,639      
Initial Cost - Building & Improvement 19,982,557      
Subsequent to Acquisition 454,041      
Land 4,995,639      
Building & Improvement 20,436,598      
The company's investment 25,432,237      
Accumulated Depreciation 9,919,333      
Total Cost, Net of Accumulated Depreciation 15,512,904      
Encumbrances      
Brookhurst Center [Member]        
Initial Cost - Land 10,492,714      
Initial Cost - Building & Improvement 31,357,513      
Subsequent to Acquisition      
Land 10,492,715      
Building & Improvement 31,357,512      
The company's investment 41,850,227      
Accumulated Depreciation 170,330      
Total Cost, Net of Accumulated Depreciation 41,679,897      
Encumbrances      
Lakewood Plaza [Member]        
Initial Cost - Land 1,294,176      
Initial Cost - Building & Improvement 3,669,266      
Subsequent to Acquisition (90,654)      
Land      
Building & Improvement 4,872,788      
The company's investment 4,872,788      
Accumulated Depreciation 1,253,991      
Total Cost, Net of Accumulated Depreciation 3,618,797      
Encumbrances      
Madison Plaza [Member]        
Initial Cost - Land 5,874,396      
Initial Cost - Building & Improvement 23,476,190      
Subsequent to Acquisition 2,639,269      
Land 5,874,395      
Building & Improvement 26,115,460      
The company's investment 31,989,855      
Accumulated Depreciation 11,883,068      
Total Cost, Net of Accumulated Depreciation 20,106,787      
Encumbrances      
Broadway Plaza - 544 [Member]        
Initial Cost - Land 6,460,743      
Initial Cost - Building & Improvement 25,863,153      
Subsequent to Acquisition 12,015,147      
Land 6,460,743      
Building & Improvement 37,878,300      
The company's investment 44,339,043      
Accumulated Depreciation 15,834,816      
Total Cost, Net of Accumulated Depreciation 28,504,227      
Encumbrances      
Corona Hills Plaza [Member]        
Initial Cost - Land 13,360,965      
Initial Cost - Building & Improvement 53,373,453      
Subsequent to Acquisition 7,747,951      
Land 13,360,965      
Building & Improvement 61,121,404      
The company's investment 74,482,369      
Accumulated Depreciation 30,140,783      
Total Cost, Net of Accumulated Depreciation 44,341,586      
Encumbrances      
The 280 Metro Center [Member]        
Initial Cost - Land 38,734,566      
Initial Cost - Building & Improvement 94,903,404      
Subsequent to Acquisition 978,329      
Land 38,734,567      
Building & Improvement 95,881,732      
The company's investment 134,616,299      
Accumulated Depreciation 8,594,553      
Total Cost, Net of Accumulated Depreciation 126,021,746      
Encumbrances      
Laband Village Shopping Center [Member]        
Initial Cost - Land 5,600,000      
Initial Cost - Building & Improvement 13,289,347      
Subsequent to Acquisition 161,263      
Land 5,607,237      
Building & Improvement 13,443,373      
The company's investment 19,050,610      
Accumulated Depreciation 7,224,966      
Total Cost, Net of Accumulated Depreciation 11,825,644      
Encumbrances 8,089,040      
Cupertino Village [Member]        
Initial Cost - Land 19,886,099      
Initial Cost - Building & Improvement 46,534,919      
Subsequent to Acquisition 21,651,908      
Land 19,886,099      
Building & Improvement 68,186,827      
The company's investment 88,072,926      
Accumulated Depreciation 18,539,471      
Total Cost, Net of Accumulated Depreciation 69,533,455      
Encumbrances      
North County Plaza [Member]        
Initial Cost - Land 10,205,305      
Initial Cost - Building & Improvement 28,934,219      
Subsequent to Acquisition (1,428,787)      
Land 20,894,811      
Building & Improvement 16,815,926      
The company's investment 37,710,737      
Accumulated Depreciation 2,511,204      
Total Cost, Net of Accumulated Depreciation 35,199,533      
Encumbrances      
Chico Crossroads [Member]        
Initial Cost - Land 9,975,810      
Initial Cost - Building & Improvement 30,534,524      
Subsequent to Acquisition 1,278,945      
Land 9,985,651      
Building & Improvement 31,803,628      
The company's investment 41,789,279      
Accumulated Depreciation 8,872,060      
Total Cost, Net of Accumulated Depreciation 32,917,219      
Encumbrances      
Chico East & Esplanade (Raley's) [Member]        
Initial Cost - Land 2,508,716      
Initial Cost - Building & Improvement 12,886,184      
Subsequent to Acquisition (1,312,384)      
Land 2,284,856      
Building & Improvement 11,797,660      
The company's investment 14,082,516      
Accumulated Depreciation 687,471      
Total Cost, Net of Accumulated Depreciation 13,395,045      
Encumbrances 3,994,238      
Corona Hills Marketplace [Member]        
Initial Cost - Land 9,727,446      
Initial Cost - Building & Improvement 24,778,390      
Subsequent to Acquisition 667,593      
Land 9,727,446      
Building & Improvement 25,445,983      
The company's investment 35,173,429      
Accumulated Depreciation 8,199,536      
Total Cost, Net of Accumulated Depreciation 26,973,893      
Encumbrances      
River Park Crossing [Member]        
Initial Cost - Land 4,324,000      
Initial Cost - Building & Improvement 18,018,653      
Subsequent to Acquisition 1,136,480      
Land 4,324,000      
Building & Improvement 19,155,133      
The company's investment 23,479,133      
Accumulated Depreciation 3,859,696      
Total Cost, Net of Accumulated Depreciation 19,619,437      
Encumbrances      
Creekside Center [Member]        
Initial Cost - Land 3,870,823      
Initial Cost - Building & Improvement 11,562,580      
Subsequent to Acquisition      
Land 3,870,823      
Building & Improvement 11,562,580      
The company's investment 15,433,403      
Accumulated Depreciation 62,601      
Total Cost, Net of Accumulated Depreciation 15,370,802      
Encumbrances      
Gold Country Center [Member]        
Initial Cost - Land 3,272,212      
Initial Cost - Building & Improvement 7,864,878      
Subsequent to Acquisition 29,687      
Land 3,278,290      
Building & Improvement 7,888,487      
The company's investment 11,166,777      
Accumulated Depreciation 3,425,408      
Total Cost, Net of Accumulated Depreciation 7,741,369      
Encumbrances      
La Mirada Theatre Center [Member]        
Initial Cost - Land 8,816,741      
Initial Cost - Building & Improvement 35,259,965      
Subsequent to Acquisition (3,469,732)      
Land 6,888,680      
Building & Improvement 33,718,294      
The company's investment 40,606,974      
Accumulated Depreciation 14,838,975      
Total Cost, Net of Accumulated Depreciation 25,767,999      
Encumbrances      
Kenneth Kahn Plaza [Member]        
Initial Cost - Land 4,114,863      
Initial Cost - Building & Improvement 7,660,855      
Subsequent to Acquisition 880,557      
Land 4,114,863      
Building & Improvement 8,541,412      
The company's investment 12,656,275      
Accumulated Depreciation 3,046,335      
Total Cost, Net of Accumulated Depreciation 9,609,940      
Encumbrances      
La Verne Town Center [Member]        
Initial Cost - Land 8,414,328      
Initial Cost - Building & Improvement 23,856,418      
Subsequent to Acquisition 10,840,420      
Land 16,362,169      
Building & Improvement 26,748,997      
The company's investment 43,111,166      
Accumulated Depreciation 2,401,901      
Total Cost, Net of Accumulated Depreciation 40,709,265      
Encumbrances      
Lincoln Hills Town Center [Member]        
Initial Cost - Land 8,228,587      
Initial Cost - Building & Improvement 26,127,322      
Subsequent to Acquisition 28,378      
Land 8,228,586      
Building & Improvement 26,155,701      
The company's investment 34,384,287      
Accumulated Depreciation 2,281,415      
Total Cost, Net of Accumulated Depreciation 32,102,872      
Encumbrances 24,416,451      
Novato Fair S.C. [Member]        
Initial Cost - Land 9,259,778      
Initial Cost - Building & Improvement 15,599,790      
Subsequent to Acquisition 723,259      
Land 9,259,778      
Building & Improvement 16,323,049      
The company's investment 25,582,827      
Accumulated Depreciation 5,779,281      
Total Cost, Net of Accumulated Depreciation 19,803,546      
Encumbrances      
South Napa Market Place [Member]        
Initial Cost - Land 1,100,000      
Initial Cost - Building & Improvement 22,159,086      
Subsequent to Acquisition 20,615,121      
Land 23,119,071      
Building & Improvement 20,755,136      
The company's investment 43,874,207      
Accumulated Depreciation 9,867,595      
Total Cost, Net of Accumulated Depreciation 34,006,612      
Encumbrances      
Plaza Di Northridge [Member]        
Initial Cost - Land 12,900,000      
Initial Cost - Building & Improvement 40,574,842      
Subsequent to Acquisition 892,428      
Land 12,900,000      
Building & Improvement 41,467,270      
The company's investment 54,367,270      
Accumulated Depreciation 14,601,761      
Total Cost, Net of Accumulated Depreciation 39,765,509      
Encumbrances      
Linda Mar Shipping Center [Member]        
Initial Cost - Land 16,548,592      
Initial Cost - Building & Improvement 37,521,194      
Subsequent to Acquisition 1,418,767      
Land 16,548,592      
Building & Improvement 38,939,961      
The company's investment 55,488,553      
Accumulated Depreciation 5,972,288      
Total Cost, Net of Accumulated Depreciation 49,516,265      
Encumbrances      
Poway City Centre [Member]        
Initial Cost - Land 5,854,585      
Initial Cost - Building & Improvement 13,792,470      
Subsequent to Acquisition 8,378,985      
Land 7,247,813      
Building & Improvement 20,778,227      
The company's investment 28,026,040      
Accumulated Depreciation 8,030,783      
Total Cost, Net of Accumulated Depreciation 19,995,257      
Encumbrances      
Redwood City Plaza [Member]        
Initial Cost - Land 2,552,000      
Initial Cost - Building & Improvement 6,215,168      
Subsequent to Acquisition 5,900,877      
Land 2,552,000      
Building & Improvement 12,116,045      
The company's investment 14,668,045      
Accumulated Depreciation 1,083,976      
Total Cost, Net of Accumulated Depreciation 13,584,069      
Encumbrances      
Stanford Ranch [Member]        
Initial Cost - Land 10,583,764      
Initial Cost - Building & Improvement 30,007,231      
Subsequent to Acquisition (1,670,000)      
Land 9,982,626      
Building & Improvement 28,938,369      
The company's investment 38,920,995      
Accumulated Depreciation 2,938,618      
Total Cost, Net of Accumulated Depreciation 35,982,377      
Encumbrances 14,751,853      
Tyler Street Plaza [Member]        
Initial Cost - Land 3,020,883      
Initial Cost - Building & Improvement 7,811,339      
Subsequent to Acquisition (12,456)      
Land 3,200,516      
Building & Improvement 7,619,250      
The company's investment 10,819,766      
Accumulated Depreciation 2,612,860      
Total Cost, Net of Accumulated Depreciation 8,206,906      
Encumbrances      
Crocker Ranch [Member]        
Initial Cost - Land 7,526,146      
Initial Cost - Building & Improvement 24,877,611      
Subsequent to Acquisition 16,984      
Land 7,526,146      
Building & Improvement 24,894,595      
The company's investment 32,420,741      
Accumulated Depreciation 1,545,850      
Total Cost, Net of Accumulated Depreciation 30,874,891      
Encumbrances 11,237,112      
Home Depot Plaza [Member]        
Initial Cost - Land 4,592,364      
Initial Cost - Building & Improvement 18,345,258      
Subsequent to Acquisition      
Land 4,592,365      
Building & Improvement 18,345,257      
The company's investment 22,937,622      
Accumulated Depreciation 8,870,544      
Total Cost, Net of Accumulated Depreciation 14,067,078      
Encumbrances      
Santee Trolley Square [Member]        
Initial Cost - Land 40,208,683      
Initial Cost - Building & Improvement 62,963,757      
Subsequent to Acquisition 535,614      
Land 40,208,683      
Building & Improvement 63,499,371      
The company's investment 103,708,054      
Accumulated Depreciation 13,018,268      
Total Cost, Net of Accumulated Depreciation 90,689,786      
Encumbrances      
San Diego Carmel Mountain [Member]        
Initial Cost - Land 5,322,600      
Initial Cost - Building & Improvement 8,873,991      
Subsequent to Acquisition 88,334      
Land 5,322,600      
Building & Improvement 8,962,325      
The company's investment 14,284,925      
Accumulated Depreciation 2,125,865      
Total Cost, Net of Accumulated Depreciation 12,159,060      
Encumbrances      
Fulton Market Place [Member]        
Initial Cost - Land 2,966,018      
Initial Cost - Building & Improvement 6,920,710      
Subsequent to Acquisition 1,237,558      
Land 2,966,018      
Building & Improvement 8,158,268      
The company's investment 11,124,286      
Accumulated Depreciation 2,988,086      
Total Cost, Net of Accumulated Depreciation 8,136,200      
Encumbrances      
Marigold Shopping Center [Member]        
Initial Cost - Land 15,300,000      
Initial Cost - Building & Improvement 25,563,978      
Subsequent to Acquisition 4,183,111      
Land 15,300,000      
Building & Improvement 29,747,089      
The company's investment 45,047,089      
Accumulated Depreciation 14,620,807      
Total Cost, Net of Accumulated Depreciation 30,426,282      
Encumbrances      
Canyon Square Plaza [Member]        
Initial Cost - Land 2,648,112      
Initial Cost - Building & Improvement 13,876,095      
Subsequent to Acquisition 978,581      
Land 2,648,112      
Building & Improvement 14,854,676      
The company's investment 17,502,788      
Accumulated Depreciation 2,484,006      
Total Cost, Net of Accumulated Depreciation 15,018,782      
Encumbrances      
Black Mountain Village [Member]        
Initial Cost - Land 4,678,015      
Initial Cost - Building & Improvement 11,913,344      
Subsequent to Acquisition 684,763      
Land 4,678,014      
Building & Improvement 12,598,108      
The company's investment 17,276,122      
Accumulated Depreciation 4,228,513      
Total Cost, Net of Accumulated Depreciation 13,047,609      
Encumbrances      
Rancho Penasquitos Towne Ctr I [Member]        
Initial Cost - Land 14,851,595      
Initial Cost - Building & Improvement 20,342,165      
Subsequent to Acquisition 304,024      
Land 14,851,595      
Building & Improvement 20,646,189      
The company's investment 35,497,784      
Accumulated Depreciation 1,745,657      
Total Cost, Net of Accumulated Depreciation 33,752,127      
Encumbrances 14,384,811      
Rancho Penasquitos Towne Ctr II [Member]        
Initial Cost - Land 12,944,972      
Initial Cost - Building & Improvement 20,323,961      
Subsequent to Acquisition 177,977      
Land 12,944,972      
Building & Improvement 20,501,938      
The company's investment 33,446,910      
Accumulated Depreciation 1,794,662      
Total Cost, Net of Accumulated Depreciation 31,652,248      
Encumbrances 11,038,466      
City Heights [Member]        
Initial Cost - Land 10,687,472      
Initial Cost - Building & Improvement 28,324,896      
Subsequent to Acquisition (752,643)      
Land 13,908,563      
Building & Improvement 24,351,162      
The company's investment 38,259,725      
Accumulated Depreciation 2,778,412      
Total Cost, Net of Accumulated Depreciation 35,481,313      
Encumbrances      
Truckee Crossroads [Member]        
Initial Cost - Land 2,140,000      
Initial Cost - Building & Improvement 8,255,753      
Subsequent to Acquisition 1,146,729      
Land 2,140,000      
Building & Improvement 9,402,482      
The company's investment 11,542,482      
Accumulated Depreciation 5,382,067      
Total Cost, Net of Accumulated Depreciation 6,160,415      
Encumbrances 2,340,536      
Gateway at Donner Pass [Member]        
Initial Cost - Land 4,515,688      
Initial Cost - Building & Improvement 8,318,667      
Subsequent to Acquisition 226,813      
Land 4,515,688      
Building & Improvement 8,545,480      
The company's investment 13,061,168      
Accumulated Depreciation 997,166      
Total Cost, Net of Accumulated Depreciation 12,064,002      
Encumbrances 2,719,649      
Westlake Shopping Center [Member]        
Initial Cost - Land 16,174,307      
Initial Cost - Building & Improvement 64,818,562      
Subsequent to Acquisition 99,467,618      
Land 16,174,307      
Building & Improvement 164,286,180      
The company's investment 180,460,487      
Accumulated Depreciation 48,298,485      
Total Cost, Net of Accumulated Depreciation 132,162,002      
Encumbrances      
Lakewood Village [Member]        
Initial Cost - Land 8,597,100      
Initial Cost - Building & Improvement 24,374,615      
Subsequent to Acquisition (1,241,442)      
Land 11,683,364      
Building & Improvement 20,046,909      
The company's investment 31,730,273      
Accumulated Depreciation 2,648,966      
Total Cost, Net of Accumulated Depreciation 29,081,307      
Encumbrances      
Savi Ranch [Member]        
Initial Cost - Land 7,295,646      
Initial Cost - Building & Improvement 29,752,511      
Subsequent to Acquisition 126,568      
Land 7,295,646      
Building & Improvement 29,879,079      
The company's investment 37,174,725      
Accumulated Depreciation 4,753,605      
Total Cost, Net of Accumulated Depreciation 32,421,120      
Encumbrances      
Village on the Park [Member]        
Initial Cost - Land 2,194,463      
Initial Cost - Building & Improvement 8,885,987      
Subsequent to Acquisition 9,224,144      
Land 3,018,391      
Building & Improvement 17,286,203      
The company's investment 20,304,594      
Accumulated Depreciation 5,791,482      
Total Cost, Net of Accumulated Depreciation 14,513,112      
Encumbrances      
Quincy Place S.C. [Member]        
Initial Cost - Land 1,148,317      
Initial Cost - Building & Improvement 4,608,249      
Subsequent to Acquisition 1,611,804      
Land 1,148,318      
Building & Improvement 6,220,052      
The company's investment 7,368,370      
Accumulated Depreciation 2,869,681      
Total Cost, Net of Accumulated Depreciation 4,498,689      
Encumbrances      
East Bank S.C. [Member]        
Initial Cost - Land 1,500,568      
Initial Cost - Building & Improvement 6,180,103      
Subsequent to Acquisition 1,873,781      
Land 1,500,568      
Building & Improvement 8,053,884      
The company's investment 9,554,452      
Accumulated Depreciation 3,620,475      
Total Cost, Net of Accumulated Depreciation 5,933,977      
Encumbrances      
Northridge Shopping Center [Member]        
Initial Cost - Land 4,932,690      
Initial Cost - Building & Improvement 16,496,176      
Subsequent to Acquisition 1,722,954      
Land 8,934,385      
Building & Improvement 14,217,435      
The company's investment 23,151,820      
Accumulated Depreciation 1,758,919      
Total Cost, Net of Accumulated Depreciation 21,392,901      
Encumbrances      
Spring Creek S.C. [Member]        
Initial Cost - Land 1,423,260      
Initial Cost - Building & Improvement 5,718,813      
Subsequent to Acquisition (1,654,650)      
Land 603,270      
Building & Improvement 4,884,153      
The company's investment 5,487,423      
Accumulated Depreciation 3,549,720      
Total Cost, Net of Accumulated Depreciation 1,937,703      
Encumbrances      
Denver West 38th Street [Member]        
Initial Cost - Land 161,167      
Initial Cost - Building & Improvement 646,983      
Subsequent to Acquisition 69      
Land 161,167      
Building & Improvement 647,052      
The company's investment 808,219      
Accumulated Depreciation 313,795      
Total Cost, Net of Accumulated Depreciation 494,424      
Encumbrances      
Englewood Plaza [Member]        
Initial Cost - Land 805,837      
Initial Cost - Building & Improvement 3,232,650      
Subsequent to Acquisition 442,081      
Land 805,836      
Building & Improvement 3,674,732      
The company's investment 4,480,568      
Accumulated Depreciation 1,798,011      
Total Cost, Net of Accumulated Depreciation 2,682,557      
Encumbrances      
Fort Collins S.C. [Member]        
Initial Cost - Land 1,253,497      
Initial Cost - Building & Improvement 7,625,278      
Subsequent to Acquisition 1,599,607      
Land 1,253,496      
Building & Improvement 9,224,886      
The company's investment 10,478,382      
Accumulated Depreciation 3,647,392      
Total Cost, Net of Accumulated Depreciation 6,830,990      
Encumbrances      
Greeley Commons [Member]        
Initial Cost - Land 3,313,095      
Initial Cost - Building & Improvement 20,069,559      
Subsequent to Acquisition 104,137      
Land 3,313,095      
Building & Improvement 20,173,696      
The company's investment 23,486,791      
Accumulated Depreciation 3,605,618      
Total Cost, Net of Accumulated Depreciation 19,881,173      
Encumbrances      
Highlands Ranch Village S.C. [Member]        
Initial Cost - Land 8,135,427      
Initial Cost - Building & Improvement 21,579,936      
Subsequent to Acquisition (659,420)      
Land 5,337,081      
Building & Improvement 23,718,862      
The company's investment 29,055,943      
Accumulated Depreciation 3,641,248      
Total Cost, Net of Accumulated Depreciation 25,414,695      
Encumbrances      
Village Center West [Member]        
Initial Cost - Land 2,010,519      
Initial Cost - Building & Improvement 8,361,085      
Subsequent to Acquisition 60,687      
Land 2,010,520      
Building & Improvement 8,421,771      
The company's investment 10,432,291      
Accumulated Depreciation 1,248,737      
Total Cost, Net of Accumulated Depreciation 9,183,554      
Encumbrances 5,503,328      
Highlands Ranch II [Member]        
Initial Cost - Land 3,514,837      
Initial Cost - Building & Improvement 11,755,916      
Subsequent to Acquisition 204,961      
Land 3,514,837      
Building & Improvement 11,960,877      
The company's investment 15,475,714      
Accumulated Depreciation 2,272,093      
Total Cost, Net of Accumulated Depreciation 13,203,621      
Encumbrances      
Highlands Ranch Parcel [Member]        
Initial Cost - Land 1,140,000      
Initial Cost - Building & Improvement 2,660,000      
Subsequent to Acquisition 64,239      
Land 1,140,000      
Building & Improvement 2,724,239      
The company's investment 3,864,239      
Accumulated Depreciation 120,726      
Total Cost, Net of Accumulated Depreciation 3,743,513      
Encumbrances      
Heritage West S.C. [Member]        
Initial Cost - Land 1,526,576      
Initial Cost - Building & Improvement 6,124,074      
Subsequent to Acquisition 1,126,064      
Land 1,526,576      
Building & Improvement 7,250,138      
The company's investment 8,776,714      
Accumulated Depreciation 3,320,154      
Total Cost, Net of Accumulated Depreciation 5,456,560      
Encumbrances      
Market at Southpark [Member]        
Initial Cost - Land 9,782,769      
Initial Cost - Building & Improvement 20,779,522      
Subsequent to Acquisition 264,140      
Land 9,782,769      
Building & Improvement 21,043,662      
The company's investment 30,826,431      
Accumulated Depreciation 3,881,881      
Total Cost, Net of Accumulated Depreciation 26,944,550      
Encumbrances      
Newtown S.C. [Member]        
Initial Cost - Land      
Initial Cost - Building & Improvement 15,635,442      
Subsequent to Acquisition      
Land      
Building & Improvement 15,635,442      
The company's investment 15,635,442      
Accumulated Depreciation 1,421,090      
Total Cost, Net of Accumulated Depreciation 14,214,352      
Encumbrances 8,502,201      
West Farm Shopping Center [Member]        
Initial Cost - Land 5,805,969      
Initial Cost - Building & Improvement 23,348,024      
Subsequent to Acquisition 14,403,752      
Land 7,585,116      
Building & Improvement 35,972,629      
The company's investment 43,557,745      
Accumulated Depreciation 13,063,627      
Total Cost, Net of Accumulated Depreciation 30,494,118      
Encumbrances      
Hamden Mart [Member]        
Initial Cost - Land 13,668,167      
Initial Cost - Building & Improvement 40,890,166      
Subsequent to Acquisition      
Land 13,668,167      
Building & Improvement 40,890,166      
The company's investment 54,558,333      
Accumulated Depreciation 221,050      
Total Cost, Net of Accumulated Depreciation 54,337,283      
Encumbrances 22,404,073      
Home Depot Plaza 2 [Member]        
Initial Cost - Land 7,704,968      
Initial Cost - Building & Improvement 30,797,640      
Subsequent to Acquisition 2,712,557      
Land 7,704,968      
Building & Improvement 33,510,197      
The company's investment 41,215,165      
Accumulated Depreciation 13,564,341      
Total Cost, Net of Accumulated Depreciation 27,650,824      
Encumbrances      
Wilton River Park Shopping Ctr [Member]        
Initial Cost - Land 7,154,585      
Initial Cost - Building & Improvement 27,509,279      
Subsequent to Acquisition (224,537)      
Land 7,154,585      
Building & Improvement 27,284,742      
The company's investment 34,439,327      
Accumulated Depreciation 3,581,639      
Total Cost, Net of Accumulated Depreciation 30,857,688      
Encumbrances      
Bright Horizons [Member]        
Initial Cost - Land 1,211,748      
Initial Cost - Building & Improvement 4,610,610      
Subsequent to Acquisition 9,499      
Land 1,211,748      
Building & Improvement 4,620,109      
The company's investment 5,831,857      
Accumulated Depreciation 684,714      
Total Cost, Net of Accumulated Depreciation 5,147,143      
Encumbrances      
Wilton Campus [Member]        
Initial Cost - Land 10,168,872      
Initial Cost - Building & Improvement 31,893,016      
Subsequent to Acquisition 254,233      
Land 10,168,872      
Building & Improvement 32,147,249      
The company's investment 42,316,121      
Accumulated Depreciation 6,500,963      
Total Cost, Net of Accumulated Depreciation 35,815,158      
Encumbrances      
Camden Square [Member]        
Initial Cost - Land 122,741      
Initial Cost - Building & Improvement 66,738      
Subsequent to Acquisition 4,309,722      
Land 3,024,375      
Building & Improvement 1,474,826      
The company's investment 4,499,201      
Accumulated Depreciation 155,208      
Total Cost, Net of Accumulated Depreciation 4,343,993      
Encumbrances      
Promenade at Christiana [Member]        
Initial Cost - Land 14,371,686      
Initial Cost - Building & Improvement      
Subsequent to Acquisition 11,148,877      
Land 25,520,563      
Building & Improvement      
The company's investment 25,520,563      
Accumulated Depreciation      
Total Cost, Net of Accumulated Depreciation 25,520,563      
Encumbrances      
Brandywine Commons [Member]        
Initial Cost - Land      
Initial Cost - Building & Improvement 36,057,487      
Subsequent to Acquisition (505,731)      
Land      
Building & Improvement 35,551,756      
The company's investment 35,551,756      
Accumulated Depreciation 3,276,507      
Total Cost, Net of Accumulated Depreciation 32,275,249      
Encumbrances      
Camino Square [Member]        
Initial Cost - Land 573,875      
Initial Cost - Building & Improvement 2,295,501      
Subsequent to Acquisition 2,665,024      
Land 733,875      
Building & Improvement 4,800,525      
The company's investment 5,534,400      
Accumulated Depreciation 3,636,784      
Total Cost, Net of Accumulated Depreciation 1,897,616      
Encumbrances      
Bonita Grande Crossings [Member]        
Initial Cost - Land 3,370,941      
Initial Cost - Building & Improvement 8,179,481      
Subsequent to Acquisition 52,500      
Land 3,370,941      
Building & Improvement 8,231,981      
The company's investment 11,602,922      
Accumulated Depreciation 668,033      
Total Cost, Net of Accumulated Depreciation 10,934,889      
Encumbrances      
Hollywood Video Bonita Grande [Member]        
Initial Cost - Land 341,958      
Initial Cost - Building & Improvement 771,935      
Subsequent to Acquisition      
Land 341,958      
Building & Improvement 771,935      
The company's investment 1,113,893      
Accumulated Depreciation 68,673      
Total Cost, Net of Accumulated Depreciation 1,045,220      
Encumbrances      
Coral Square Promenade [Member]        
Initial Cost - Land 710,000      
Initial Cost - Building & Improvement 2,842,907      
Subsequent to Acquisition 3,993,496      
Land 710,000      
Building & Improvement 6,836,403      
The company's investment 7,546,403      
Accumulated Depreciation 3,565,857      
Total Cost, Net of Accumulated Depreciation 3,980,546      
Encumbrances      
Maplewood Plaze [Member]        
Initial Cost - Land 1,649,000      
Initial Cost - Building & Improvement 6,626,301      
Subsequent to Acquisition 1,161,119      
Land 1,649,000      
Building & Improvement 7,787,420      
The company's investment 9,436,420      
Accumulated Depreciation 3,541,619      
Total Cost, Net of Accumulated Depreciation 5,894,801      
Encumbrances      
Curlew Crossing Shopping Ctr [Member]        
Initial Cost - Land 5,315,955      
Initial Cost - Building & Improvement 12,529,467      
Subsequent to Acquisition 2,107,472      
Land 5,315,954      
Building & Improvement 14,636,940      
The company's investment 19,952,894      
Accumulated Depreciation 5,461,751      
Total Cost, Net of Accumulated Depreciation 14,491,143      
Encumbrances      
Shops at Santa Barbara Phase 1 [Member]        
Initial Cost - Land 743,463      
Initial Cost - Building & Improvement 5,373,994      
Subsequent to Acquisition      
Land 743,463      
Building & Improvement 5,373,994      
The company's investment 6,117,457      
Accumulated Depreciation 462,609      
Total Cost, Net of Accumulated Depreciation 5,654,848      
Encumbrances      
Shops at Santa Barbara Phase 2 [Member]        
Initial Cost - Land 331,692      
Initial Cost - Building & Improvement 2,488,832      
Subsequent to Acquisition      
Land 331,692      
Building & Improvement 2,488,832      
The company's investment 2,820,524      
Accumulated Depreciation 200,524      
Total Cost, Net of Accumulated Depreciation 2,620,000      
Encumbrances      
Shops at Santa Barbara Phase 3 [Member]        
Initial Cost - Land 329,726      
Initial Cost - Building & Improvement 2,358,700      
Subsequent to Acquisition (12,082)      
Land 329,726      
Building & Improvement 2,346,618      
The company's investment 2,676,344      
Accumulated Depreciation 217,112      
Total Cost, Net of Accumulated Depreciation 2,459,232      
Encumbrances      
Coral Pointe S.C. [Member]        
Initial Cost - Land 2,411,608      
Initial Cost - Building & Improvement 20,507,735      
Subsequent to Acquisition (25,164)      
Land 2,411,608      
Building & Improvement 20,482,571      
The company's investment 22,894,179      
Accumulated Depreciation 1,580,664      
Total Cost, Net of Accumulated Depreciation 21,313,515      
Encumbrances      
Publix at Addison [Member]        
Initial Cost - Land 3,211,156      
Initial Cost - Building & Improvement 6,747,895      
Subsequent to Acquisition      
Land 3,211,156      
Building & Improvement 6,747,895      
The company's investment 9,959,051      
Accumulated Depreciation 350,697      
Total Cost, Net of Accumulated Depreciation 9,608,354      
Encumbrances      
Addison Center Prof. Building [Member]        
Initial Cost - Land 802,789      
Initial Cost - Building & Improvement 1,310,012      
Subsequent to Acquisition (45,779)      
Land 802,789      
Building & Improvement 1,264,233      
The company's investment 2,067,022      
Accumulated Depreciation 75,322      
Total Cost, Net of Accumulated Depreciation 1,991,700      
Encumbrances      
Dania Pointe [Member]        
Initial Cost - Land 105,113,024      
Initial Cost - Building & Improvement      
Subsequent to Acquisition 2,000,000      
Land 107,113,024      
Building & Improvement      
The company's investment 107,113,024      
Accumulated Depreciation      
Total Cost, Net of Accumulated Depreciation 107,113,024      
Encumbrances      
Ft. Lauderdale/Cypress Creek [Member]        
Initial Cost - Land 14,258,760      
Initial Cost - Building & Improvement 28,042,390      
Subsequent to Acquisition 2,415,038      
Land 14,258,760      
Building & Improvement 30,457,428      
The company's investment 44,716,188      
Accumulated Depreciation 9,171,140      
Total Cost, Net of Accumulated Depreciation 35,545,048      
Encumbrances      
Homestead-Wachtel Land Lease [Member]        
Initial Cost - Land 150,000      
Initial Cost - Building & Improvement      
Subsequent to Acquisition      
Land 150,000      
Building & Improvement      
The company's investment 150,000      
Accumulated Depreciation      
Total Cost, Net of Accumulated Depreciation 150,000      
Encumbrances      
Oakwood Plaza North [Member]        
Initial Cost - Land 35,300,961      
Initial Cost - Building & Improvement 141,731,019      
Subsequent to Acquisition      
Land 35,300,961      
Building & Improvement 141,731,019      
The company's investment 177,031,980      
Accumulated Depreciation 4,333,815      
Total Cost, Net of Accumulated Depreciation 172,698,165      
Encumbrances 100,000,000      
Oakwood Plaza South [Member]        
Initial Cost - Land 11,126,610      
Initial Cost - Building & Improvement 40,592,103      
Subsequent to Acquisition      
Land 11,126,610      
Building & Improvement 40,592,103      
The company's investment 51,718,713      
Accumulated Depreciation 1,487,871      
Total Cost, Net of Accumulated Depreciation 50,230,842      
Encumbrances      
Oakwood Business Ctr BDLG 1 [Member]        
Initial Cost - Land 6,792,500      
Initial Cost - Building & Improvement 18,662,565      
Subsequent to Acquisition 3,027,668      
Land 6,792,500      
Building & Improvement 21,690,233      
The company's investment 28,482,733      
Accumulated Depreciation 5,592,134      
Total Cost, Net of Accumulated Depreciation 22,890,599      
Encumbrances      
Amelia Concourse [Member]        
Initial Cost - Land 7,600,000      
Initial Cost - Building & Improvement      
Subsequent to Acquisition 2,508,435      
Land 676,791      
Building & Improvement 9,431,644      
The company's investment 10,108,435      
Accumulated Depreciation 2,819,327      
Total Cost, Net of Accumulated Depreciation 7,289,108      
Encumbrances      
Kimco Avenues Walk, LLC [Member]        
Initial Cost - Land 26,984,546      
Initial Cost - Building & Improvement      
Subsequent to Acquisition 47,260,955      
Land 29,784,056      
Building & Improvement 44,461,445      
The company's investment 74,245,501      
Accumulated Depreciation 63,344      
Total Cost, Net of Accumulated Depreciation 74,182,157      
Encumbrances      
Duval Station S.C. [Member]        
Initial Cost - Land 1,807,792      
Initial Cost - Building & Improvement 11,863,692      
Subsequent to Acquisition 114,840      
Land 1,807,792      
Building & Improvement 11,978,532      
The company's investment 13,786,324      
Accumulated Depreciation 828,285      
Total Cost, Net of Accumulated Depreciation 12,958,039      
Encumbrances      
Riverplace Shopping Ctr. [Member]        
Initial Cost - Land 7,503,282      
Initial Cost - Building & Improvement 31,011,027      
Subsequent to Acquisition 1,375,379      
Land 7,200,050      
Building & Improvement 32,689,638      
The company's investment 39,889,688      
Accumulated Depreciation 8,655,946      
Total Cost, Net of Accumulated Depreciation 31,233,742      
Encumbrances      
Merchants Walk [Member]        
Initial Cost - Land 2,580,816      
Initial Cost - Building & Improvement 10,366,090      
Subsequent to Acquisition 6,496,524      
Land 2,580,816      
Building & Improvement 16,862,614      
The company's investment 19,443,430      
Accumulated Depreciation 7,283,589      
Total Cost, Net of Accumulated Depreciation 12,159,841      
Encumbrances      
Wal-Mart Plaza [Member]        
Initial Cost - Land 293,686      
Initial Cost - Building & Improvement 792,119      
Subsequent to Acquisition 1,726,636      
Land 293,686      
Building & Improvement 2,518,755      
The company's investment 2,812,441      
Accumulated Depreciation 2,210,865      
Total Cost, Net of Accumulated Depreciation 601,576      
Encumbrances      
Leesburg Shops [Member]        
Initial Cost - Land      
Initial Cost - Building & Improvement 171,636      
Subsequent to Acquisition 193,651      
Land      
Building & Improvement 365,287      
The company's investment 365,287      
Accumulated Depreciation 365,287      
Total Cost, Net of Accumulated Depreciation      
Encumbrances      
Tri-City Plaza [Member]        
Initial Cost - Land 2,832,296      
Initial Cost - Building & Improvement 11,329,185      
Subsequent to Acquisition 19,606,325      
Land 2,832,296      
Building & Improvement 30,935,510      
The company's investment 33,767,806      
Accumulated Depreciation 2,730,210      
Total Cost, Net of Accumulated Depreciation 31,037,596      
Encumbrances      
Ft. Lauderdale #1, FL [Member]        
Initial Cost - Land 1,002,733      
Initial Cost - Building & Improvement 2,602,415      
Subsequent to Acquisition 12,831,516      
Land 1,774,443      
Building & Improvement 14,662,221      
The company's investment 16,436,664      
Accumulated Depreciation 9,613,856      
Total Cost, Net of Accumulated Depreciation 6,822,808      
Encumbrances      
Lake Wales S.C. [Member]        
Initial Cost - Land 601,052      
Initial Cost - Building & Improvement      
Subsequent to Acquisition      
Land 601,052      
Building & Improvement      
The company's investment 601,052      
Accumulated Depreciation      
Total Cost, Net of Accumulated Depreciation 601,052      
Encumbrances      
NASA Plaza [Member]        
Initial Cost - Land      
Initial Cost - Building & Improvement 1,754,000      
Subsequent to Acquisition 2,653,265      
Land      
Building & Improvement 4,407,265      
The company's investment 4,407,265      
Accumulated Depreciation 3,243,997      
Total Cost, Net of Accumulated Depreciation 1,163,268      
Encumbrances      
Grove Gates S.C. [Member]        
Initial Cost - Land 365,893      
Initial Cost - Building & Improvement 1,049,172      
Subsequent to Acquisition 1,207,100      
Land 365,893      
Building & Improvement 2,256,272      
The company's investment 2,622,165      
Accumulated Depreciation 1,959,640      
Total Cost, Net of Accumulated Depreciation 662,525      
Encumbrances      
Chevron Outparcel [Member]        
Initial Cost - Land 530,570      
Initial Cost - Building & Improvement 1,253,410      
Subsequent to Acquisition      
Land 530,570      
Building & Improvement 1,253,410      
The company's investment 1,783,980      
Accumulated Depreciation 334,762      
Total Cost, Net of Accumulated Depreciation 1,449,218      
Encumbrances      
Ives Dairy Crossing [Member]        
Initial Cost - Land 732,914      
Initial Cost - Building & Improvement 4,080,460      
Subsequent to Acquisition 11,065,138      
Land 732,914      
Building & Improvement 15,145,598      
The company's investment 15,878,512      
Accumulated Depreciation 9,101,199      
Total Cost, Net of Accumulated Depreciation 6,777,313      
Encumbrances      
Miller Road S.C. [Member]        
Initial Cost - Land 1,138,082      
Initial Cost - Building & Improvement 4,552,327      
Subsequent to Acquisition 4,535,416      
Land 1,138,082      
Building & Improvement 9,087,743      
The company's investment 10,225,825      
Accumulated Depreciation 5,760,824      
Total Cost, Net of Accumulated Depreciation 4,465,001      
Encumbrances      
Tri-Cities Shopping Plaza [Member]        
Initial Cost - Land 1,011,000      
Initial Cost - Building & Improvement 4,062,890      
Subsequent to Acquisition 3,190,909      
Land 1,011,000      
Building & Improvement 7,253,799      
The company's investment 8,264,799      
Accumulated Depreciation 596,772      
Total Cost, Net of Accumulated Depreciation 7,668,027      
Encumbrances      
Kendale Lakes Plaza [Member]        
Initial Cost - Land 18,491,461      
Initial Cost - Building & Improvement 28,496,001      
Subsequent to Acquisition (2,055,786)      
Land 15,362,227      
Building & Improvement 29,569,449      
The company's investment 44,931,676      
Accumulated Depreciation 6,605,625      
Total Cost, Net of Accumulated Depreciation 38,326,051      
Encumbrances      
Plantation Crossing [Member]        
Initial Cost - Land 7,524,800      
Initial Cost - Building & Improvement      
Subsequent to Acquisition (5,003,280)      
Land 2,008,617      
Building & Improvement 512,903      
The company's investment 2,521,520      
Accumulated Depreciation 91,054      
Total Cost, Net of Accumulated Depreciation 2,430,466      
Encumbrances      
Centre of Merritt [Member]        
Initial Cost - Land 1,806,275      
Initial Cost - Building & Improvement 9,592,435      
Subsequent to Acquisition      
Land 1,806,275      
Building & Improvement 9,592,435      
The company's investment 11,398,710      
Accumulated Depreciation 623,343      
Total Cost, Net of Accumulated Depreciation 10,775,367      
Encumbrances      
Miller West Plaza [Member]        
Initial Cost - Land 6,725,660      
Initial Cost - Building & Improvement 10,661,420      
Subsequent to Acquisition      
Land 6,725,660      
Building & Improvement 10,661,420      
The company's investment 17,387,080      
Accumulated Depreciation 774,598      
Total Cost, Net of Accumulated Depreciation 16,612,482      
Encumbrances      
Corsica Square S.C. [Member]        
Initial Cost - Land 7,225,100      
Initial Cost - Building & Improvement 10,757,386      
Subsequent to Acquisition 112,000      
Land 7,225,100      
Building & Improvement 10,869,386      
The company's investment 18,094,486      
Accumulated Depreciation 918,110      
Total Cost, Net of Accumulated Depreciation 17,176,376      
Encumbrances 10,840,743      
Milton, FL [Member]        
Initial Cost - Land 1,275,593      
Initial Cost - Building & Improvement      
Subsequent to Acquisition      
Land 1,275,593      
Building & Improvement      
The company's investment 1,275,593      
Accumulated Depreciation      
Total Cost, Net of Accumulated Depreciation 1,275,593      
Encumbrances      
Flagler Park [Member]        
Initial Cost - Land 26,162,980      
Initial Cost - Building & Improvement 80,737,041      
Subsequent to Acquisition 3,482,952      
Land 26,725,480      
Building & Improvement 83,657,493      
The company's investment 110,382,973      
Accumulated Depreciation 20,442,791      
Total Cost, Net of Accumulated Depreciation 89,940,182      
Encumbrances      
Parkhill Plaza [Member]        
Initial Cost - Land 10,763,612      
Initial Cost - Building & Improvement 19,264,248      
Subsequent to Acquisition 187,262      
Land 10,763,612      
Building & Improvement 19,451,510      
The company's investment 30,215,122      
Accumulated Depreciation 3,784,223      
Total Cost, Net of Accumulated Depreciation 26,430,899      
Encumbrances      
Winn Dixie-Miami [Member]        
Initial Cost - Land 2,989,640      
Initial Cost - Building & Improvement 9,410,360      
Subsequent to Acquisition (51,872)      
Land 3,544,297      
Building & Improvement 8,803,831      
The company's investment 12,348,128      
Accumulated Depreciation 677,157      
Total Cost, Net of Accumulated Depreciation 11,670,971      
Encumbrances      
Marathon Shopping Center [Member]        
Initial Cost - Land 2,412,929      
Initial Cost - Building & Improvement 8,069,450      
Subsequent to Acquisition 1,013,493      
Land 1,514,731      
Building & Improvement 9,981,141      
The company's investment 11,495,872      
Accumulated Depreciation 1,112,710      
Total Cost, Net of Accumulated Depreciation 10,383,162      
Encumbrances      
Sodo S.C. [Member]        
Initial Cost - Land      
Initial Cost - Building & Improvement 68,139,271      
Subsequent to Acquisition 8,283,273      
Land 142,195      
Building & Improvement 76,280,349      
The company's investment 76,422,544      
Accumulated Depreciation 16,306,907      
Total Cost, Net of Accumulated Depreciation 60,115,637      
Encumbrances      
Renaissance Center [Member]        
Initial Cost - Land 9,104,379      
Initial Cost - Building & Improvement 36,540,873      
Subsequent to Acquisition 14,913,118      
Land 9,122,758      
Building & Improvement 51,435,612      
The company's investment 60,558,370      
Accumulated Depreciation 17,171,361      
Total Cost, Net of Accumulated Depreciation 43,387,009      
Encumbrances      
MIllenia Plaza Phase II [Member]        
Initial Cost - Land 7,711,000      
Initial Cost - Building & Improvement 20,702,992      
Subsequent to Acquisition 1,650,193      
Land 7,698,200      
Building & Improvement 22,365,985      
The company's investment 30,064,185      
Accumulated Depreciation 7,880,425      
Total Cost, Net of Accumulated Depreciation 22,183,760      
Encumbrances      
Riverside Landings S.C. [Member]        
Initial Cost - Land 3,512,202      
Initial Cost - Building & Improvement 14,439,668      
Subsequent to Acquisition 96,924      
Land 3,512,202      
Building & Improvement 14,536,592      
The company's investment 18,048,794      
Accumulated Depreciation 1,012,519      
Total Cost, Net of Accumulated Depreciation 17,036,275      
Encumbrances      
Grand Oaks Village [Member]        
Initial Cost - Land 7,409,319      
Initial Cost - Building & Improvement 19,653,869      
Subsequent to Acquisition (627,365)      
Land 5,846,339      
Building & Improvement 20,589,484      
The company's investment 26,435,823      
Accumulated Depreciation 3,451,536      
Total Cost, Net of Accumulated Depreciation 22,984,287      
Encumbrances      
Lowes S.C. [Member]        
Initial Cost - Land 1,620,203      
Initial Cost - Building & Improvement      
Subsequent to Acquisition 40,689      
Land 954,876      
Building & Improvement 706,016      
The company's investment 1,660,892      
Accumulated Depreciation 125,514      
Total Cost, Net of Accumulated Depreciation 1,535,378      
Encumbrances      
Pompano Pointe S.C. [Member]        
Initial Cost - Land 10,516,500      
Initial Cost - Building & Improvement 10,469,592      
Subsequent to Acquisition 530,900      
Land 10,516,500      
Building & Improvement 11,000,492      
The company's investment 21,516,992      
Accumulated Depreciation 456,268      
Total Cost, Net of Accumulated Depreciation 21,060,724      
Encumbrances      
University Town Center [Member]        
Initial Cost - Land 5,515,265      
Initial Cost - Building & Improvement 13,041,400      
Subsequent to Acquisition 426,693      
Land 5,515,265      
Building & Improvement 13,468,093      
The company's investment 18,983,358      
Accumulated Depreciation 2,378,907      
Total Cost, Net of Accumulated Depreciation 16,604,451      
Encumbrances      
Palm Beach Gardens [Member]        
Initial Cost - Land 2,764,953      
Initial Cost - Building & Improvement 11,059,812      
Subsequent to Acquisition 668,875      
Land 2,764,953      
Building & Improvement 11,728,687      
The company's investment 14,493,640      
Accumulated Depreciation 1,551,717      
Total Cost, Net of Accumulated Depreciation 12,941,923      
Encumbrances      
Oak Tree Plaza [Member]        
Initial Cost - Land      
Initial Cost - Building & Improvement 917,360      
Subsequent to Acquisition 1,562,941      
Land      
Building & Improvement 2,480,301      
The company's investment 2,480,301      
Accumulated Depreciation 1,264,152      
Total Cost, Net of Accumulated Depreciation 1,216,149      
Encumbrances      
Tuttlebee Plaza [Member]        
Initial Cost - Land 254,961      
Initial Cost - Building & Improvement 828,465      
Subsequent to Acquisition 2,142,270      
Land 254,961      
Building & Improvement 2,970,735      
The company's investment 3,225,696      
Accumulated Depreciation 2,193,861      
Total Cost, Net of Accumulated Depreciation 1,031,835      
Encumbrances      
South Miami S.C. [Member]        
Initial Cost - Land 1,280,440      
Initial Cost - Building & Improvement 5,133,825      
Subsequent to Acquisition 3,121,059      
Land 1,280,440      
Building & Improvement 8,254,884      
The company's investment 9,535,324      
Accumulated Depreciation 4,254,038      
Total Cost, Net of Accumulated Depreciation 5,281,286      
Encumbrances      
Carrolwood Commons [Member]        
Initial Cost - Land 5,220,445      
Initial Cost - Building & Improvement 16,884,228      
Subsequent to Acquisition 2,339,166      
Land 5,220,445      
Building & Improvement 19,223,394      
The company's investment 24,443,839      
Accumulated Depreciation 8,996,615      
Total Cost, Net of Accumulated Depreciation 15,447,224      
Encumbrances      
Village Commons Shopping Center [Member]        
Initial Cost - Land 2,192,331      
Initial Cost - Building & Improvement 8,774,158      
Subsequent to Acquisition 2,760,666      
Land 2,192,331      
Building & Improvement 11,534,824      
The company's investment 13,727,155      
Accumulated Depreciation 5,417,404      
Total Cost, Net of Accumulated Depreciation 8,309,751      
Encumbrances      
Mission Bell Shopping Center [Member]        
Initial Cost - Land 5,056,426      
Initial Cost - Building & Improvement 11,843,119      
Subsequent to Acquisition 8,634,466      
Land 5,067,033      
Building & Improvement 20,466,978      
The company's investment 25,534,011      
Accumulated Depreciation 6,509,898      
Total Cost, Net of Accumulated Depreciation 19,024,113      
Encumbrances      
Village Commons S.C. [Member]        
Initial Cost - Land 2,026,423      
Initial Cost - Building & Improvement 5,106,476      
Subsequent to Acquisition 1,923,704      
Land 2,026,423      
Building & Improvement 7,030,180      
The company's investment 9,056,603      
Accumulated Depreciation 1,236,632      
Total Cost, Net of Accumulated Depreciation 7,819,971      
Encumbrances      
Belmart Plaza [Member]        
Initial Cost - Land 1,656,097      
Initial Cost - Building & Improvement 3,394,420      
Subsequent to Acquisition 5,585,602      
Land 1,656,097      
Building & Improvement 8,980,022      
The company's investment 10,636,119      
Accumulated Depreciation 403,154      
Total Cost, Net of Accumulated Depreciation 10,232,965      
Encumbrances      
Augusta Square [Member]        
Initial Cost - Land 1,482,564      
Initial Cost - Building & Improvement 5,928,122      
Subsequent to Acquisition 2,007,334      
Land 1,482,564      
Building & Improvement 7,935,456      
The company's investment 9,418,020      
Accumulated Depreciation 4,260,861      
Total Cost, Net of Accumulated Depreciation 5,157,159      
Encumbrances      
Market at Haynes Bridge [Member]        
Initial Cost - Land 4,880,659      
Initial Cost - Building & Improvement 21,549,424      
Subsequent to Acquisition 1,238,043      
Land 4,889,863      
Building & Improvement 22,778,263      
The company's investment 27,668,126      
Accumulated Depreciation 6,751,969      
Total Cost, Net of Accumulated Depreciation 20,916,157      
Encumbrances      
Embry Village [Member]        
Initial Cost - Land 18,147,054      
Initial Cost - Building & Improvement 33,009,514      
Subsequent to Acquisition 908,584      
Land 18,160,525      
Building & Improvement 33,904,627      
The company's investment 52,065,152      
Accumulated Depreciation 17,260,605      
Total Cost, Net of Accumulated Depreciation 34,804,547      
Encumbrances      
Perimeter Expo Property [Member]        
Initial Cost - Land 14,770,275      
Initial Cost - Building & Improvement 44,295,457      
Subsequent to Acquisition      
Land 14,770,275      
Building & Improvement 44,295,457      
The company's investment 59,065,732      
Accumulated Depreciation 477,748      
Total Cost, Net of Accumulated Depreciation 58,587,984      
Encumbrances 40,983,821      
Riverwalk Marketplace [Member]        
Initial Cost - Land 3,512,202      
Initial Cost - Building & Improvement 18,862,571      
Subsequent to Acquisition      
Land 3,512,202      
Building & Improvement 18,862,571      
The company's investment 22,374,773      
Accumulated Depreciation 995,324      
Total Cost, Net of Accumulated Depreciation 21,379,449      
Encumbrances      
Village Shopes - Flowery Branch [Member]        
Initial Cost - Land 4,444,148      
Initial Cost - Building & Improvement 10,510,657      
Subsequent to Acquisition 303,983      
Land 4,444,148      
Building & Improvement 10,814,640      
The company's investment 15,258,788      
Accumulated Depreciation 2,395,174      
Total Cost, Net of Accumulated Depreciation 12,863,614      
Encumbrances      
Lawrenceville Market [Member]        
Initial Cost - Land 8,878,266      
Initial Cost - Building & Improvement 29,691,191      
Subsequent to Acquisition (44,182)      
Land 9,060,436      
Building & Improvement 29,464,839      
The company's investment 38,525,275      
Accumulated Depreciation 4,125,715      
Total Cost, Net of Accumulated Depreciation 34,399,560      
Encumbrances      
Five Forks Crossing [Member]        
Initial Cost - Land 2,363,848      
Initial Cost - Building & Improvement 7,906,257      
Subsequent to Acquisition 372,465      
Land 2,363,848      
Building & Improvement 8,278,722      
The company's investment 10,642,570      
Accumulated Depreciation 1,646,665      
Total Cost, Net of Accumulated Depreciation 8,995,905      
Encumbrances      
Braelinn Village [Member]        
Initial Cost - Land 7,314,719      
Initial Cost - Building & Improvement 20,738,792      
Subsequent to Acquisition 1,149,049      
Land 6,342,926      
Building & Improvement 22,859,634      
The company's investment 29,202,560      
Accumulated Depreciation 2,185,264      
Total Cost, Net of Accumulated Depreciation 27,017,296      
Encumbrances      
Savannah Center [Member]        
Initial Cost - Land 2,052,270      
Initial Cost - Building & Improvement 8,232,978      
Subsequent to Acquisition 3,599,399      
Land 2,052,270      
Building & Improvement 11,832,377      
The company's investment 13,884,647      
Accumulated Depreciation 6,520,291      
Total Cost, Net of Accumulated Depreciation 7,364,356      
Encumbrances      
Chatham Plaza [Member]        
Initial Cost - Land 13,390,238      
Initial Cost - Building & Improvement 35,115,882      
Subsequent to Acquisition 2,092,634      
Land 13,403,262      
Building & Improvement 37,195,492      
The company's investment 50,598,754      
Accumulated Depreciation 12,496,124      
Total Cost, Net of Accumulated Depreciation 38,102,630      
Encumbrances      
Clive Plaza [Member]        
Initial Cost - Land 500,525      
Initial Cost - Building & Improvement 2,002,101      
Subsequent to Acquisition      
Land 500,525      
Building & Improvement 2,002,101      
The company's investment 2,502,626      
Accumulated Depreciation 1,073,777      
Total Cost, Net of Accumulated Depreciation 1,428,849      
Encumbrances      
Dubuque Center [Member]        
Initial Cost - Land      
Initial Cost - Building & Improvement 2,152,476      
Subsequent to Acquisition 239,217      
Land      
Building & Improvement 2,391,693      
The company's investment 2,391,693      
Accumulated Depreciation 1,516,782      
Total Cost, Net of Accumulated Depreciation 874,911      
Encumbrances      
Treasure Valley [Member]        
Initial Cost - Land 6,501,240      
Initial Cost - Building & Improvement      
Subsequent to Acquisition (4,284,637)      
Land 1,110,530      
Building & Improvement 1,106,073      
The company's investment 2,216,603      
Accumulated Depreciation 127,733      
Total Cost, Net of Accumulated Depreciation 2,088,870      
Encumbrances      
Bloomington Commons [Member]        
Initial Cost - Land 805,521      
Initial Cost - Building & Improvement 2,222,353      
Subsequent to Acquisition 4,494,864      
Land 805,521      
Building & Improvement 6,717,217      
The company's investment 7,522,738      
Accumulated Depreciation 4,816,390      
Total Cost, Net of Accumulated Depreciation 2,706,348      
Encumbrances      
The 87th Street Center [Member]        
Initial Cost - Land      
Initial Cost - Building & Improvement 2,687,046      
Subsequent to Acquisition 8,092,727      
Land 6,992,648      
Building & Improvement 3,787,125      
The company's investment 10,779,773      
Accumulated Depreciation 2,284,313      
Total Cost, Net of Accumulated Depreciation 8,495,460      
Encumbrances      
Elston Chicago [Member]        
Initial Cost - Land 1,010,374      
Initial Cost - Building & Improvement 5,692,212      
Subsequent to Acquisition 498,828      
Land 1,010,374      
Building & Improvement 6,191,040      
The company's investment 7,201,414      
Accumulated Depreciation 2,763,188      
Total Cost, Net of Accumulated Depreciation 4,438,226      
Encumbrances      
Downers Park Plaza [Member]        
Initial Cost - Land 2,510,455      
Initial Cost - Building & Improvement 10,164,494      
Subsequent to Acquisition 1,967,032      
Land 2,510,455      
Building & Improvement 12,131,526      
The company's investment 14,641,981      
Accumulated Depreciation 5,418,098      
Total Cost, Net of Accumulated Depreciation 9,223,883      
Encumbrances      
Downers Park Plaza 2 [Member]        
Initial Cost - Land 811,778      
Initial Cost - Building & Improvement 4,322,956      
Subsequent to Acquisition 3,348,460      
Land 811,778      
Building & Improvement 7,671,416      
The company's investment 8,483,194      
Accumulated Depreciation 3,600,499      
Total Cost, Net of Accumulated Depreciation 4,882,695      
Encumbrances      
Town & Country S.C. [Member]        
Initial Cost - Land 842,555      
Initial Cost - Building & Improvement 2,108,674      
Subsequent to Acquisition 2,767,311      
Land 500,927      
Building & Improvement 5,217,613      
The company's investment 5,718,540      
Accumulated Depreciation 3,320,591      
Total Cost, Net of Accumulated Depreciation 2,397,949      
Encumbrances      
Fairview City Centre [Member]        
Initial Cost - Land      
Initial Cost - Building & Improvement 11,866,880      
Subsequent to Acquisition 12,943,654      
Land 1,900,000      
Building & Improvement 22,910,534      
The company's investment 24,810,534      
Accumulated Depreciation 1,853,323      
Total Cost, Net of Accumulated Depreciation 22,957,211      
Encumbrances      
Shops at Kildeer [Member]        
Initial Cost - Land 5,259,542      
Initial Cost - Building & Improvement 28,141,501      
Subsequent to Acquisition 2,486,761      
Land 5,259,542      
Building & Improvement 30,628,262      
The company's investment 35,887,804      
Accumulated Depreciation 4,422,498      
Total Cost, Net of Accumulated Depreciation 31,465,306      
Encumbrances      
Mount Prospect Center [Member]        
Initial Cost - Land 1,017,345      
Initial Cost - Building & Improvement 6,572,176      
Subsequent to Acquisition 4,047,329      
Land 1,017,345      
Building & Improvement 10,619,505      
The company's investment 11,636,850      
Accumulated Depreciation 5,762,647      
Total Cost, Net of Accumulated Depreciation 5,874,203      
Encumbrances      
Mundelein Shopping Center [Member]        
Initial Cost - Land 1,127,720      
Initial Cost - Building & Improvement 5,826,129      
Subsequent to Acquisition 136,968      
Land 1,129,634      
Building & Improvement 5,961,183      
The company's investment 7,090,817      
Accumulated Depreciation 2,800,456      
Total Cost, Net of Accumulated Depreciation 4,290,361      
Encumbrances      
Marketplace of Oaklawn [Member]        
Initial Cost - Land      
Initial Cost - Building & Improvement 678,668      
Subsequent to Acquisition 108,483      
Land      
Building & Improvement 787,151      
The company's investment 787,151      
Accumulated Depreciation 714,718      
Total Cost, Net of Accumulated Depreciation 72,433      
Encumbrances      
Oak Lawn Center [Member]        
Initial Cost - Land 1,530,111      
Initial Cost - Building & Improvement 8,776,631      
Subsequent to Acquisition 666,590      
Land 1,530,111      
Building & Improvement 9,443,221      
The company's investment 10,973,332      
Accumulated Depreciation 4,656,435      
Total Cost, Net of Accumulated Depreciation 6,316,897      
Encumbrances      
The 22nd Street Plaza [Member]        
Initial Cost - Land 1,527,188      
Initial Cost - Building & Improvement 8,679,108      
Subsequent to Acquisition 4,081,004      
Land 1,527,188      
Building & Improvement 12,760,112      
The company's investment 14,287,300      
Accumulated Depreciation 5,611,968      
Total Cost, Net of Accumulated Depreciation 8,675,332      
Encumbrances      
Rockford Crossings [Member]        
Initial Cost - Land 4,575,990      
Initial Cost - Building & Improvement 11,654,022      
Subsequent to Acquisition (2,628,093)      
Land 3,816,080      
Building & Improvement 9,785,839      
The company's investment 13,601,919      
Accumulated Depreciation 3,208,253      
Total Cost, Net of Accumulated Depreciation 10,393,666      
Encumbrances      
Skokie Pointe [Member]        
Initial Cost - Land      
Initial Cost - Building & Improvement 2,276,360      
Subsequent to Acquisition 9,487,443      
Land 2,628,440      
Building & Improvement 9,135,363      
The company's investment 11,763,803      
Accumulated Depreciation 3,686,787      
Total Cost, Net of Accumulated Depreciation 8,077,016      
Encumbrances      
Hawthorn Hills Square [Member]        
Initial Cost - Land 6,783,928      
Initial Cost - Building & Improvement 33,033,624      
Subsequent to Acquisition 4,028,883      
Land 6,783,928      
Building & Improvement 37,062,507      
The company's investment 43,846,435      
Accumulated Depreciation 6,266,665      
Total Cost, Net of Accumulated Depreciation 37,579,770      
Encumbrances 19,375,231      
Woodgrove Festival [Member]        
Initial Cost - Land 5,049,149      
Initial Cost - Building & Improvement 20,822,993      
Subsequent to Acquisition 5,130,768      
Land 4,805,866      
Building & Improvement 26,197,044      
The company's investment 31,002,910      
Accumulated Depreciation 12,562,704      
Total Cost, Net of Accumulated Depreciation 18,440,206      
Encumbrances      
Grove Parcel [Member]        
Initial Cost - Land 907,291      
Initial Cost - Building & Improvement 2,240,810      
Subsequent to Acquisition      
Land 907,291      
Building & Improvement 2,240,810      
The company's investment 3,148,101      
Accumulated Depreciation 216,402      
Total Cost, Net of Accumulated Depreciation 2,931,699      
Encumbrances      
Woodridge Pad [Member]        
Initial Cost - Land 702,757      
Initial Cost - Building & Improvement 1,746,223      
Subsequent to Acquisition      
Land 702,757      
Building & Improvement 1,746,223      
The company's investment 2,448,980      
Accumulated Depreciation 81,704      
Total Cost, Net of Accumulated Depreciation 2,367,276      
Encumbrances      
Greenwood S.C. [Member]        
Initial Cost - Land 423,371      
Initial Cost - Building & Improvement 1,883,421      
Subsequent to Acquisition 10,388,475      
Land 1,801,822      
Building & Improvement 10,893,445      
The company's investment 12,695,267      
Accumulated Depreciation 4,145,861      
Total Cost, Net of Accumulated Depreciation 8,549,406      
Encumbrances      
South Park S.C. [Member]        
Initial Cost - Land 1,675,031      
Initial Cost - Building & Improvement 6,848,209      
Subsequent to Acquisition 6,362,777      
Land 1,551,079      
Building & Improvement 13,334,938      
The company's investment 14,886,017      
Accumulated Depreciation 7,913,763      
Total Cost, Net of Accumulated Depreciation 6,972,254      
Encumbrances      
Centre at Westbank [Member]        
Initial Cost - Land 9,554,230      
Initial Cost - Building & Improvement 24,401,082      
Subsequent to Acquisition 1,070,226      
Land 9,329,880      
Building & Improvement 25,695,658      
The company's investment 35,025,538      
Accumulated Depreciation 8,296,073      
Total Cost, Net of Accumulated Depreciation 26,729,465      
Encumbrances 18,533,743      
Ambassador Plaza [Member]        
Initial Cost - Land 1,803,672      
Initial Cost - Building & Improvement 4,260,966      
Subsequent to Acquisition 251,561      
Land 1,796,972      
Building & Improvement 4,519,227      
The company's investment 6,316,199      
Accumulated Depreciation 1,186,224      
Total Cost, Net of Accumulated Depreciation 5,129,975      
Encumbrances 4,374,638      
East Side Plaza [Member]        
Initial Cost - Land 3,295,799      
Initial Cost - Building & Improvement 7,785,942      
Subsequent to Acquisition 180,773      
Land 3,295,635      
Building & Improvement 7,966,879      
The company's investment 11,262,514      
Accumulated Depreciation 2,197,127      
Total Cost, Net of Accumulated Depreciation 9,065,387      
Encumbrances      
Abington Plaza [Member]        
Initial Cost - Land 10,457,183      
Initial Cost - Building & Improvement 494,652      
Subsequent to Acquisition      
Land 10,457,183      
Building & Improvement 494,652      
The company's investment 10,951,835      
Accumulated Depreciation 89,429      
Total Cost, Net of Accumulated Depreciation 10,862,406      
Encumbrances 4,387,721      
Washington St. Plaza [Member]        
Initial Cost - Land 11,007,593      
Initial Cost - Building & Improvement 5,652,368      
Subsequent to Acquisition 8,851,085      
Land 12,957,593      
Building & Improvement 12,553,453      
The company's investment 25,511,046      
Accumulated Depreciation 878,925      
Total Cost, Net of Accumulated Depreciation 24,632,121      
Encumbrances 5,914,448      
Memorial Plaza [Member]        
Initial Cost - Land 16,411,388      
Initial Cost - Building & Improvement 27,553,908      
Subsequent to Acquisition 323,380      
Land 16,411,388      
Building & Improvement 27,877,288      
The company's investment 44,288,676      
Accumulated Depreciation 2,467,356      
Total Cost, Net of Accumulated Depreciation 41,821,320      
Encumbrances 16,309,360      
Main St. Plaza [Member]        
Initial Cost - Land 555,898      
Initial Cost - Building & Improvement 2,139,494      
Subsequent to Acquisition      
Land 555,898      
Building & Improvement 2,139,494      
The company's investment 2,695,392      
Accumulated Depreciation 215,377      
Total Cost, Net of Accumulated Depreciation 2,480,015      
Encumbrances 1,375,084      
Morrissey Plaza [Member]        
Initial Cost - Land 4,097,251      
Initial Cost - Building & Improvement 3,751,068      
Subsequent to Acquisition      
Land 4,097,251      
Building & Improvement 3,751,068      
The company's investment 7,848,319      
Accumulated Depreciation 505,455      
Total Cost, Net of Accumulated Depreciation 7,342,864      
Encumbrances 3,150,546      
Glendale Square [Member]        
Initial Cost - Land 4,698,891      
Initial Cost - Building & Improvement 7,141,090      
Subsequent to Acquisition 133,070      
Land 4,698,891      
Building & Improvement 7,274,160      
The company's investment 11,973,051      
Accumulated Depreciation 920,547      
Total Cost, Net of Accumulated Depreciation 11,052,504      
Encumbrances 5,647,196      
Falmouth Plaza [Member]        
Initial Cost - Land 2,361,071      
Initial Cost - Building & Improvement 13,065,817      
Subsequent to Acquisition 334,684      
Land 2,361,071      
Building & Improvement 13,400,501      
The company's investment 15,761,572      
Accumulated Depreciation 1,276,155      
Total Cost, Net of Accumulated Depreciation 14,485,417      
Encumbrances 7,946,761      
Waverly Plaza [Member]        
Initial Cost - Land 1,215,005      
Initial Cost - Building & Improvement 3,622,911      
Subsequent to Acquisition 5,426      
Land 1,203,205      
Building & Improvement 3,640,137      
The company's investment 4,843,342      
Accumulated Depreciation 443,908      
Total Cost, Net of Accumulated Depreciation 4,399,434      
Encumbrances 2,317,720      
Barrington Plaza S.C. [Member]        
Initial Cost - Land 642,170      
Initial Cost - Building & Improvement 2,547,830      
Subsequent to Acquisition 7,667,513      
Land 751,124      
Building & Improvement 10,106,389      
The company's investment 10,857,513      
Accumulated Depreciation 4,923,540      
Total Cost, Net of Accumulated Depreciation 5,933,973      
Encumbrances      
Festival of Hyannis S.C. [Member]        
Initial Cost - Land 15,038,197      
Initial Cost - Building & Improvement 40,682,853      
Subsequent to Acquisition 948,247      
Land 15,038,197      
Building & Improvement 41,631,100      
The company's investment 56,669,297      
Accumulated Depreciation 5,524,945      
Total Cost, Net of Accumulated Depreciation 51,144,352      
Encumbrances      
Fellsway Plaza [Member]        
Initial Cost - Land 5,300,388      
Initial Cost - Building & Improvement 11,013,543      
Subsequent to Acquisition 92,558      
Land 5,300,388      
Building & Improvement 11,106,101      
The company's investment 16,406,489      
Accumulated Depreciation 1,145,971      
Total Cost, Net of Accumulated Depreciation 15,260,518      
Encumbrances 6,742,131      
Del Alba Plaza [Member]        
Initial Cost - Land 3,163,033      
Initial Cost - Building & Improvement 8,967,874      
Subsequent to Acquisition 19,995      
Land 3,163,033      
Building & Improvement 8,987,869      
The company's investment 12,150,902      
Accumulated Depreciation 665,099      
Total Cost, Net of Accumulated Depreciation 11,485,803      
Encumbrances 7,942,609      
North Quincy Plaza [Member]        
Initial Cost - Land 6,332,542      
Initial Cost - Building & Improvement 17,954,110      
Subsequent to Acquisition (782,383)      
Land 3,894,436      
Building & Improvement 19,609,833      
The company's investment 23,504,269      
Accumulated Depreciation 1,591,805      
Total Cost, Net of Accumulated Depreciation 21,912,464      
Encumbrances      
Adams Plaza [Member]        
Initial Cost - Land 2,089,363      
Initial Cost - Building & Improvement 3,226,648      
Subsequent to Acquisition 248,359      
Land 2,089,363      
Building & Improvement 3,475,007      
The company's investment 5,564,370      
Accumulated Depreciation 307,934      
Total Cost, Net of Accumulated Depreciation 5,256,436      
Encumbrances 1,870,765      
Broadway Plaza [Member]        
Initial Cost - Land 6,485,065      
Initial Cost - Building & Improvement 343,422      
Subsequent to Acquisition      
Land 6,485,065      
Building & Improvement 343,422      
The company's investment 6,828,487      
Accumulated Depreciation 67,420      
Total Cost, Net of Accumulated Depreciation 6,761,067      
Encumbrances 2,870,966      
Shrewsbury S.C. [Member]        
Initial Cost - Land 1,284,168      
Initial Cost - Building & Improvement 5,284,853      
Subsequent to Acquisition 5,466,855      
Land 1,284,168      
Building & Improvement 10,751,708      
The company's investment 12,035,876      
Accumulated Depreciation 4,277,257      
Total Cost, Net of Accumulated Depreciation 7,758,619      
Encumbrances      
Vinnin Square Plaza [Member]        
Initial Cost - Land 5,545,425      
Initial Cost - Building & Improvement 16,324,060      
Subsequent to Acquisition (214,252)      
Land 5,545,425      
Building & Improvement 16,109,808      
The company's investment 21,655,233      
Accumulated Depreciation 2,032,293      
Total Cost, Net of Accumulated Depreciation 19,622,940      
Encumbrances 9,173,706      
Paradise Plaza [Member]        
Initial Cost - Land 4,183,038      
Initial Cost - Building & Improvement 12,194,885      
Subsequent to Acquisition 536,224      
Land 4,183,038      
Building & Improvement 12,731,109      
The company's investment 16,914,147      
Accumulated Depreciation 1,470,800      
Total Cost, Net of Accumulated Depreciation 15,443,347      
Encumbrances 8,865,650      
Belmont Plaza [Member]        
Initial Cost - Land 11,104,983      
Initial Cost - Building & Improvement 848,844      
Subsequent to Acquisition      
Land 11,104,983      
Building & Improvement 848,844      
The company's investment 11,953,827      
Accumulated Depreciation 112,244      
Total Cost, Net of Accumulated Depreciation 11,841,583      
Encumbrances 5,237,954      
Vinnin Square In-line [Member]        
Initial Cost - Land 582,228      
Initial Cost - Building & Improvement 2,094,560      
Subsequent to Acquisition (109,616)      
Land 582,228      
Building & Improvement 1,984,944      
The company's investment 2,567,172      
Accumulated Depreciation 196,341      
Total Cost, Net of Accumulated Depreciation 2,370,831      
Encumbrances      
Linden Plaza [Member]        
Initial Cost - Land 4,628,215      
Initial Cost - Building & Improvement 3,535,431      
Subsequent to Acquisition 437,334      
Land 4,628,215      
Building & Improvement 3,972,765      
The company's investment 8,600,980      
Accumulated Depreciation 555,369      
Total Cost, Net of Accumulated Depreciation 8,045,611      
Encumbrances 3,527,131      
North Ave. Plaza [Member]        
Initial Cost - Land 1,163,875      
Initial Cost - Building & Improvement 1,194,673      
Subsequent to Acquisition 15,933      
Land 1,163,875      
Building & Improvement 1,210,606      
The company's investment 2,374,481      
Accumulated Depreciation 149,740      
Total Cost, Net of Accumulated Depreciation 2,224,741      
Encumbrances 897,489      
Washington St. S.C. [Member]        
Initial Cost - Land 7,380,918      
Initial Cost - Building & Improvement 9,987,119      
Subsequent to Acquisition 391,907      
Land 7,380,918      
Building & Improvement 10,379,026      
The company's investment 17,759,944      
Accumulated Depreciation 887,059      
Total Cost, Net of Accumulated Depreciation 16,872,885      
Encumbrances 6,286,514      
Mill St. Plaza [Member]        
Initial Cost - Land 4,195,024      
Initial Cost - Building & Improvement 6,203,410      
Subsequent to Acquisition 205,071      
Land 4,195,024      
Building & Improvement 6,408,481      
The company's investment 10,603,505      
Accumulated Depreciation 821,636      
Total Cost, Net of Accumulated Depreciation 9,781,869      
Encumbrances 4,110,675      
Fullerton Plaza [Member]        
Initial Cost - Land 14,237,901      
Initial Cost - Building & Improvement 6,743,980      
Subsequent to Acquisition (352,777)      
Land 14,237,901      
Building & Improvement 6,391,203      
The company's investment 20,629,104      
Accumulated Depreciation 855,593      
Total Cost, Net of Accumulated Depreciation 19,773,511      
Encumbrances 12,551,399      
Greenbrier S.C. [Member]        
Initial Cost - Land 8,891,468      
Initial Cost - Building & Improvement 30,304,760      
Subsequent to Acquisition (48,812)      
Land 8,891,468      
Building & Improvement 30,255,948      
The company's investment 39,147,416      
Accumulated Depreciation 2,842,793      
Total Cost, Net of Accumulated Depreciation 36,304,623      
Encumbrances 12,488,817      
Ingleside S.C. [Member]        
Initial Cost - Land 10,416,726      
Initial Cost - Building & Improvement 17,889,235      
Subsequent to Acquisition (156,601)      
Land 10,416,726      
Building & Improvement 17,732,634      
The company's investment 28,149,360      
Accumulated Depreciation 2,186,844      
Total Cost, Net of Accumulated Depreciation 25,962,516      
Encumbrances 19,320,814      
Rolling Road Plaza [Member]        
Initial Cost - Land 2,510,395      
Initial Cost - Building & Improvement 11,930,217      
Subsequent to Acquisition (82,994)      
Land 2,508,715      
Building & Improvement 11,848,903      
The company's investment 14,357,618      
Accumulated Depreciation 904,646      
Total Cost, Net of Accumulated Depreciation 13,452,972      
Encumbrances      
Security Square Shopping Ctr. [Member]        
Initial Cost - Land 5,342,463      
Initial Cost - Building & Improvement 15,147,024      
Subsequent to Acquisition (3,355,446)      
Land 4,572,639      
Building & Improvement 12,561,402      
The company's investment 17,134,041      
Accumulated Depreciation 1,269,556      
Total Cost, Net of Accumulated Depreciation 15,864,485      
Encumbrances 16,221,870      
Wilkens Beltway Plaza [Member]        
Initial Cost - Land 9,948,235      
Initial Cost - Building & Improvement 22,125,942      
Subsequent to Acquisition 147,794      
Land 9,948,235      
Building & Improvement 22,273,736      
The company's investment 32,221,971      
Accumulated Depreciation 2,730,525      
Total Cost, Net of Accumulated Depreciation 29,491,446      
Encumbrances      
York Road Plaza [Member]        
Initial Cost - Land 4,276,715      
Initial Cost - Building & Improvement 37,205,757      
Subsequent to Acquisition 29,473      
Land 4,276,715      
Building & Improvement 37,235,230      
The company's investment 41,511,945      
Accumulated Depreciation 3,247,427      
Total Cost, Net of Accumulated Depreciation 38,264,518      
Encumbrances      
Putty Hill Plaza [Member]        
Initial Cost - Land 4,192,152      
Initial Cost - Building & Improvement 11,112,111      
Subsequent to Acquisition 456,319      
Land 4,192,152      
Building & Improvement 11,568,430      
The company's investment 15,760,582      
Accumulated Depreciation 2,153,516      
Total Cost, Net of Accumulated Depreciation 13,607,066      
Encumbrances      
Snowden Square S.C. [Member]        
Initial Cost - Land 1,929,402      
Initial Cost - Building & Improvement 4,557,934      
Subsequent to Acquisition 5,155,349      
Land 3,326,422      
Building & Improvement 8,316,263      
The company's investment 11,642,685      
Accumulated Depreciation 1,213,234      
Total Cost, Net of Accumulated Depreciation 10,429,451      
Encumbrances      
Columbia Crossing [Member]        
Initial Cost - Land 3,612,550      
Initial Cost - Building & Improvement 34,344,509      
Subsequent to Acquisition 159,554      
Land 3,612,550      
Building & Improvement 34,504,063      
The company's investment 38,116,613      
Accumulated Depreciation 2,323,495      
Total Cost, Net of Accumulated Depreciation 35,793,118      
Encumbrances      
Dorsey's Search Village Center [Member]        
Initial Cost - Land 6,321,963      
Initial Cost - Building & Improvement 27,996,087      
Subsequent to Acquisition (33,532)      
Land 6,321,963      
Building & Improvement 27,962,555      
The company's investment 34,284,518      
Accumulated Depreciation 1,673,230      
Total Cost, Net of Accumulated Depreciation 32,611,288      
Encumbrances      
Hickory Ridge [Member]        
Initial Cost - Land 7,183,646      
Initial Cost - Building & Improvement 26,947,776      
Subsequent to Acquisition 469,483      
Land 7,183,646      
Building & Improvement 27,417,259      
The company's investment 34,600,905      
Accumulated Depreciation 2,333,408      
Total Cost, Net of Accumulated Depreciation 32,267,497      
Encumbrances      
Hickory Ridge (Sunoco) [Member]        
Initial Cost - Land 543,197      
Initial Cost - Building & Improvement 2,122,234      
Subsequent to Acquisition      
Land 543,197      
Building & Improvement 2,122,234      
The company's investment 2,665,431      
Accumulated Depreciation 174,802      
Total Cost, Net of Accumulated Depreciation 2,490,629      
Encumbrances      
King's Contrivance [Member]        
Initial Cost - Land 9,308,349      
Initial Cost - Building & Improvement 31,759,940      
Subsequent to Acquisition 289,751      
Land 9,308,349      
Building & Improvement 32,049,691      
The company's investment 41,358,040      
Accumulated Depreciation 2,880,736      
Total Cost, Net of Accumulated Depreciation 38,477,304      
Encumbrances 23,036,820      
Harper's Choice [Member]        
Initial Cost - Land 8,429,284      
Initial Cost - Building & Improvement 18,373,994      
Subsequent to Acquisition 246,478      
Land 8,429,284      
Building & Improvement 18,620,472      
The company's investment 27,049,756      
Accumulated Depreciation 1,475,298      
Total Cost, Net of Accumulated Depreciation 25,574,458      
Encumbrances      
Wilde Lake [Member]        
Initial Cost - Land 1,468,038      
Initial Cost - Building & Improvement 5,869,862      
Subsequent to Acquisition 22,579,270      
Land 2,577,073      
Building & Improvement 27,340,097      
The company's investment 29,917,170      
Accumulated Depreciation 8,351,586      
Total Cost, Net of Accumulated Depreciation 21,565,584      
Encumbrances      
Riverhill Village Center [Member]        
Initial Cost - Land 16,825,496      
Initial Cost - Building & Improvement 23,282,222      
Subsequent to Acquisition 156,233      
Land 16,825,496      
Building & Improvement 23,438,455      
The company's investment 40,263,951      
Accumulated Depreciation 2,955,172      
Total Cost, Net of Accumulated Depreciation 37,308,779      
Encumbrances 22,686,843      
Old Branch Plaza [Member]        
Initial Cost - Land 39,779      
Initial Cost - Building & Improvement 130,716      
Subsequent to Acquisition 2,026,165      
Land 121,747      
Building & Improvement 2,074,913      
The company's investment 2,196,660      
Accumulated Depreciation 246,706      
Total Cost, Net of Accumulated Depreciation 1,949,954      
Encumbrances      
Columbia Crossing Outparcels [Member]        
Initial Cost - Land 1,279,200      
Initial Cost - Building & Improvement 2,870,800      
Subsequent to Acquisition 13,977,613      
Land 4,597,200      
Building & Improvement 13,530,413      
The company's investment 18,127,613      
Accumulated Depreciation 1,993,683      
Total Cost, Net of Accumulated Depreciation 16,133,930      
Encumbrances      
Columbia Crossing II Shop Ctr, [Member]        
Initial Cost - Land 3,137,628      
Initial Cost - Building & Improvement 19,868,075      
Subsequent to Acquisition 2,625,989      
Land 3,137,628      
Building & Improvement 22,494,064      
The company's investment 25,631,692      
Accumulated Depreciation 3,667,910      
Total Cost, Net of Accumulated Depreciation 21,963,782      
Encumbrances      
Shops at District Heights [Member]        
Initial Cost - Land 8,165,638      
Initial Cost - Building & Improvement 21,970,661      
Subsequent to Acquisition (1,396,775)      
Land 7,298,215      
Building & Improvement 21,441,309      
The company's investment 28,739,524      
Accumulated Depreciation 754,538      
Total Cost, Net of Accumulated Depreciation 27,984,986      
Encumbrances 14,005,190      
Enchanted Forest S.C. [Member]        
Initial Cost - Land 20,123,946      
Initial Cost - Building & Improvement 34,345,102      
Subsequent to Acquisition 145,118      
Land 20,123,946      
Building & Improvement 34,490,220      
The company's investment 54,614,166      
Accumulated Depreciation 4,157,739      
Total Cost, Net of Accumulated Depreciation 50,456,427      
Encumbrances      
Shoppes at Easton [Member]        
Initial Cost - Land 6,523,713      
Initial Cost - Building & Improvement 16,402,204      
Subsequent to Acquisition 93,697      
Land 6,523,713      
Building & Improvement 16,495,901      
The company's investment 23,019,614      
Accumulated Depreciation 1,549,799      
Total Cost, Net of Accumulated Depreciation 21,469,815      
Encumbrances      
Villages at Urbana [Member]        
Initial Cost - Land 3,190,074      
Initial Cost - Building & Improvement 6,067      
Subsequent to Acquisition 13,493,944      
Land 4,828,774      
Building & Improvement 11,861,311      
The company's investment 16,690,085      
Accumulated Depreciation 1,531,750      
Total Cost, Net of Accumulated Depreciation 15,158,335      
Encumbrances      
Gaithersburg S.C. [Member]        
Initial Cost - Land 244,890      
Initial Cost - Building & Improvement 6,787,534      
Subsequent to Acquisition 384,231      
Land 244,890      
Building & Improvement 7,171,765      
The company's investment 7,416,655      
Accumulated Depreciation 3,110,363      
Total Cost, Net of Accumulated Depreciation 4,306,292      
Encumbrances      
Kentlands Market Square [Member]        
Initial Cost - Land 20,167,048      
Initial Cost - Building & Improvement 84,615,052      
Subsequent to Acquisition      
Land 20,167,048      
Building & Improvement 84,615,052      
The company's investment 104,782,100      
Accumulated Depreciation 1,569,436      
Total Cost, Net of Accumulated Depreciation 103,212,664      
Encumbrances 34,521,793      
Shawan Plaza [Member]        
Initial Cost - Land 4,466,000      
Initial Cost - Building & Improvement 20,222,367      
Subsequent to Acquisition (1,451,885)      
Land 4,466,000      
Building & Improvement 18,770,482      
The company's investment 23,236,482      
Accumulated Depreciation 10,346,400      
Total Cost, Net of Accumulated Depreciation 12,890,082      
Encumbrances 4,270,079      
Laurel Plaza [Member]        
Initial Cost - Land 349,562      
Initial Cost - Building & Improvement 1,398,250      
Subsequent to Acquisition 3,704,961      
Land 1,571,288      
Building & Improvement 3,881,485      
The company's investment 5,452,773      
Accumulated Depreciation 1,731,567      
Total Cost, Net of Accumulated Depreciation 3,721,206      
Encumbrances      
Laurel Plaza 2 [Member]        
Initial Cost - Land 274,580      
Initial Cost - Building & Improvement 1,100,968      
Subsequent to Acquisition 173,969      
Land 274,580      
Building & Improvement 1,274,937      
The company's investment 1,549,517      
Accumulated Depreciation 1,156,349      
Total Cost, Net of Accumulated Depreciation 393,168      
Encumbrances      
North East Station [Member]        
Initial Cost - Land 8,219,613      
Initial Cost - Building & Improvement 9,536,990      
Subsequent to Acquisition (4,446,037)      
Land 5,593,160      
Building & Improvement 7,717,406      
The company's investment 13,310,566      
Accumulated Depreciation 1,127,040      
Total Cost, Net of Accumulated Depreciation 12,183,526      
Encumbrances 8,276,083      
Owings Mills Theater/Restaurants [Member]        
Initial Cost - Land 23,378,543      
Initial Cost - Building & Improvement 1,089,760      
Subsequent to Acquisition 16,500,314      
Land 39,856,836      
Building & Improvement 1,111,781      
The company's investment 40,968,617      
Accumulated Depreciation 67,754      
Total Cost, Net of Accumulated Depreciation 40,900,863      
Encumbrances      
Centre Court - Retail/Bank [Member]        
Initial Cost - Land 1,035,359      
Initial Cost - Building & Improvement 7,785,830      
Subsequent to Acquisition (76,204)      
Land 1,035,359      
Building & Improvement 7,709,626      
The company's investment 8,744,985      
Accumulated Depreciation 1,175,696      
Total Cost, Net of Accumulated Depreciation 7,569,289      
Encumbrances 1,907,905      
Centre Court - Giant [Member]        
Initial Cost - Land 3,854,099      
Initial Cost - Building & Improvement 12,769,628      
Subsequent to Acquisition      
Land 3,854,099      
Building & Improvement 12,769,628      
The company's investment 16,623,727      
Accumulated Depreciation 2,045,590      
Total Cost, Net of Accumulated Depreciation 14,578,137      
Encumbrances 6,208,957      
Centre Court - Old Court/Courtyard [Member]        
Initial Cost - Land 2,279,177      
Initial Cost - Building & Improvement 5,284,577      
Subsequent to Acquisition (177)      
Land 2,279,177      
Building & Improvement 5,284,400      
The company's investment 7,563,577      
Accumulated Depreciation 913,182      
Total Cost, Net of Accumulated Depreciation 6,650,395      
Encumbrances      
Radcliffe Center [Member]        
Initial Cost - Land 12,042,713      
Initial Cost - Building & Improvement 21,187,946      
Subsequent to Acquisition      
Land 12,042,713      
Building & Improvement 21,187,946      
The company's investment 33,230,659      
Accumulated Depreciation 2,067,536      
Total Cost, Net of Accumulated Depreciation 31,163,123      
Encumbrances      
Timonium Crossing [Member]        
Initial Cost - Land 2,525,377      
Initial Cost - Building & Improvement 14,862,817      
Subsequent to Acquisition 339,960      
Land 2,525,377      
Building & Improvement 15,202,777      
The company's investment 17,728,154      
Accumulated Depreciation 1,626,614      
Total Cost, Net of Accumulated Depreciation 16,101,540      
Encumbrances 14,623,506      
Timonium Square [Member]        
Initial Cost - Land 6,000,000      
Initial Cost - Building & Improvement 24,282,998      
Subsequent to Acquisition 14,483,175      
Land 7,331,195      
Building & Improvement 37,434,978      
The company's investment 44,766,173      
Accumulated Depreciation 15,649,683      
Total Cost, Net of Accumulated Depreciation 29,116,490      
Encumbrances      
Towson Place [Member]        
Initial Cost - Land 43,886,876      
Initial Cost - Building & Improvement 101,764,931      
Subsequent to Acquisition 613,012      
Land 43,270,792      
Building & Improvement 102,994,027      
The company's investment 146,264,819      
Accumulated Depreciation 16,147,159      
Total Cost, Net of Accumulated Depreciation 130,117,660      
Encumbrances      
Mallside Plaza [Member]        
Initial Cost - Land 6,930,996      
Initial Cost - Building & Improvement 18,148,727      
Subsequent to Acquisition (1,781,449)      
Land 5,956,485      
Building & Improvement 17,341,789      
The company's investment 23,298,274      
Accumulated Depreciation 6,672,789      
Total Cost, Net of Accumulated Depreciation 16,625,485      
Encumbrances      
White Lake Commons [Member]        
Initial Cost - Land 2,300,050      
Initial Cost - Building & Improvement 9,249,607      
Subsequent to Acquisition 3,264,058      
Land 2,300,050      
Building & Improvement 12,513,665      
The company's investment 14,813,715      
Accumulated Depreciation 6,292,985      
Total Cost, Net of Accumulated Depreciation 8,520,730      
Encumbrances      
Downtown Farmington Center [Member]        
Initial Cost - Land 1,098,426      
Initial Cost - Building & Improvement 4,525,723      
Subsequent to Acquisition 4,277,242      
Land 1,098,426      
Building & Improvement 8,802,965      
The company's investment 9,901,391      
Accumulated Depreciation 3,010,957      
Total Cost, Net of Accumulated Depreciation 6,890,434      
Encumbrances      
Flint - Vacant Land [Member]        
Initial Cost - Land 101,424      
Initial Cost - Building & Improvement      
Subsequent to Acquisition      
Land 101,424      
Building & Improvement      
The company's investment 101,424      
Accumulated Depreciation      
Total Cost, Net of Accumulated Depreciation 101,424      
Encumbrances      
Century Plaza [Member]        
Initial Cost - Land 178,785      
Initial Cost - Building & Improvement 925,818      
Subsequent to Acquisition 1,224,093      
Land 178,785      
Building & Improvement 2,149,911      
The company's investment 2,328,696      
Accumulated Depreciation 1,593,653      
Total Cost, Net of Accumulated Depreciation 735,043      
Encumbrances      
Cross Creek S.C. [Member]        
Initial Cost - Land 1,451,397      
Initial Cost - Building & Improvement 5,806,263      
Subsequent to Acquisition 647,769      
Land 1,451,397      
Building & Improvement 6,454,032      
The company's investment 7,905,429      
Accumulated Depreciation 3,662,287      
Total Cost, Net of Accumulated Depreciation 4,243,142      
Encumbrances      
Green Orchard Shopping Center [Member]        
Initial Cost - Land 3,682,478      
Initial Cost - Building & Improvement 14,730,060      
Subsequent to Acquisition 5,711,459      
Land 3,682,478      
Building & Improvement 20,441,519      
The company's investment 24,123,997      
Accumulated Depreciation 9,908,388      
Total Cost, Net of Accumulated Depreciation 14,215,609      
Encumbrances      
The Fountains at Arbor Lakes [Member]        
Initial Cost - Land 28,585,296      
Initial Cost - Building & Improvement 66,699,024      
Subsequent to Acquisition 13,287,679      
Land 29,485,296      
Building & Improvement 79,086,703      
The company's investment 108,571,999      
Accumulated Depreciation 24,480,182      
Total Cost, Net of Accumulated Depreciation 84,091,817      
Encumbrances      
Roseville Plaza [Member]        
Initial Cost - Land 132,842      
Initial Cost - Building & Improvement 957,340      
Subsequent to Acquisition 9,736,267      
Land 1,675,667      
Building & Improvement 9,150,782      
The company's investment 10,826,449      
Accumulated Depreciation 1,457,654      
Total Cost, Net of Accumulated Depreciation 9,368,795      
Encumbrances      
Creve Couer Shopping Center [Member]        
Initial Cost - Land 1,044,598      
Initial Cost - Building & Improvement 5,475,623      
Subsequent to Acquisition 896,084      
Land 960,814      
Building & Improvement 6,455,491      
The company's investment 7,416,305      
Accumulated Depreciation 2,959,637      
Total Cost, Net of Accumulated Depreciation 4,456,668      
Encumbrances      
North Point Shopping Center [Member]        
Initial Cost - Land 1,935,380      
Initial Cost - Building & Improvement 7,800,746      
Subsequent to Acquisition 933,471      
Land 1,935,380      
Building & Improvement 8,734,217      
The company's investment 10,669,597      
Accumulated Depreciation 4,077,420      
Total Cost, Net of Accumulated Depreciation 6,592,177      
Encumbrances      
Kirkwood Crossing [Member]        
Initial Cost - Land      
Initial Cost - Building & Improvement 9,704,005      
Subsequent to Acquisition 14,512,599      
Land      
Building & Improvement 24,216,604      
The company's investment 24,216,604      
Accumulated Depreciation 14,603,879      
Total Cost, Net of Accumulated Depreciation 9,612,725      
Encumbrances      
Lemay S.C. [Member]        
Initial Cost - Land 125,879      
Initial Cost - Building & Improvement 503,510      
Subsequent to Acquisition 3,846,838      
Land 451,155      
Building & Improvement 4,025,072      
The company's investment 4,476,227      
Accumulated Depreciation 1,662,327      
Total Cost, Net of Accumulated Depreciation 2,813,900      
Encumbrances      
Gravois Plaza [Member]        
Initial Cost - Land 1,032,416      
Initial Cost - Building & Improvement 4,455,514      
Subsequent to Acquisition 11,033,266      
Land 1,032,413      
Building & Improvement 15,488,783      
The company's investment 16,521,196      
Accumulated Depreciation 9,021,664      
Total Cost, Net of Accumulated Depreciation 7,499,532      
Encumbrances      
Home Depot Plaza 3 [Member]        
Initial Cost - Land 431,960      
Initial Cost - Building & Improvement      
Subsequent to Acquisition 758,855      
Land 431,960      
Building & Improvement 758,855      
The company's investment 1,190,815      
Accumulated Depreciation 307,406      
Total Cost, Net of Accumulated Depreciation 883,409      
Encumbrances      
Primrose Market Place [Member]        
Initial Cost - Land 2,745,595      
Initial Cost - Building & Improvement 10,985,778      
Subsequent to Acquisition 8,433,741      
Land 2,904,022      
Building & Improvement 19,261,092      
The company's investment 22,165,114      
Accumulated Depreciation 10,101,312      
Total Cost, Net of Accumulated Depreciation 12,063,802      
Encumbrances      
Primrose Market Place 2 [Member]        
Initial Cost - Land 905,674      
Initial Cost - Building & Improvement 3,666,386      
Subsequent to Acquisition 5,261,809      
Land 905,674      
Building & Improvement 8,928,195      
The company's investment 9,833,869      
Accumulated Depreciation 3,206,994      
Total Cost, Net of Accumulated Depreciation 6,626,875      
Encumbrances 127,225      
Center Point S.C. [Member]        
Initial Cost - Land      
Initial Cost - Building & Improvement 550,204      
Subsequent to Acquisition      
Land      
Building & Improvement 550,204      
The company's investment 550,204      
Accumulated Depreciation 357,716      
Total Cost, Net of Accumulated Depreciation 192,488      
Encumbrances      
Kings Hightway S.C. [Member]        
Initial Cost - Land 809,087      
Initial Cost - Building & Improvement 4,430,514      
Subsequent to Acquisition 2,781,299      
Land 809,087      
Building & Improvement 7,211,813      
The company's investment 8,020,900      
Accumulated Depreciation 3,372,037      
Total Cost, Net of Accumulated Depreciation 4,648,863      
Encumbrances      
Overland Crossing [Member]        
Initial Cost - Land      
Initial Cost - Building & Improvement 4,928,677      
Subsequent to Acquisition 759,896      
Land      
Building & Improvement 5,688,573      
The company's investment 5,688,573      
Accumulated Depreciation 3,156,042      
Total Cost, Net of Accumulated Depreciation 2,532,531      
Encumbrances      
Cave Springs S.C. [Member]        
Initial Cost - Land 1,182,194      
Initial Cost - Building & Improvement 7,423,459      
Subsequent to Acquisition 7,110,186      
Land 1,563,694      
Building & Improvement 14,152,145      
The company's investment 15,715,839      
Accumulated Depreciation 10,167,687      
Total Cost, Net of Accumulated Depreciation 5,548,152      
Encumbrances      
Springfield S.C. [Member]        
Initial Cost - Land      
Initial Cost - Building & Improvement 608,793      
Subsequent to Acquisition 11,012,797      
Land 8,800,000      
Building & Improvement 2,821,590      
The company's investment 11,621,590      
Accumulated Depreciation 1,260,636      
Total Cost, Net of Accumulated Depreciation 10,360,954      
Encumbrances      
Overlook Village [Member]        
Initial Cost - Land 8,276,500      
Initial Cost - Building & Improvement 17,249,587      
Subsequent to Acquisition 212,226      
Land 8,276,500      
Building & Improvement 17,461,813      
The company's investment 25,738,313      
Accumulated Depreciation 3,204,115      
Total Cost, Net of Accumulated Depreciation 22,534,198      
Encumbrances      
Woodlawn Marketplace [Member]        
Initial Cost - Land 919,251      
Initial Cost - Building & Improvement 3,570,981      
Subsequent to Acquisition 2,621,647      
Land 919,251      
Building & Improvement 6,192,628      
The company's investment 7,111,879      
Accumulated Depreciation 3,174,870      
Total Cost, Net of Accumulated Depreciation 3,937,009      
Encumbrances      
Tyvola Mall [Member]        
Initial Cost - Land      
Initial Cost - Building & Improvement 4,736,345      
Subsequent to Acquisition 6,968,268      
Land      
Building & Improvement 11,704,613      
The company's investment 11,704,613      
Accumulated Depreciation 8,870,713      
Total Cost, Net of Accumulated Depreciation 2,833,900      
Encumbrances      
Crossroads Plaza [Member]        
Initial Cost - Land 767,864      
Initial Cost - Building & Improvement 3,098,881      
Subsequent to Acquisition 1,233,350      
Land 767,864      
Building & Improvement 4,332,231      
The company's investment 5,100,095      
Accumulated Depreciation 1,574,024      
Total Cost, Net of Accumulated Depreciation 3,526,071      
Encumbrances      
Jetton Village Shoppers [Member]        
Initial Cost - Land 3,875,224      
Initial Cost - Building & Improvement 10,292,231      
Subsequent to Acquisition 263,116      
Land 2,143,695      
Building & Improvement 12,286,876      
The company's investment 14,430,571      
Accumulated Depreciation 1,761,917      
Total Cost, Net of Accumulated Depreciation 12,668,654      
Encumbrances      
Mountain Island Marketplace [Member]        
Initial Cost - Land 3,318,587      
Initial Cost - Building & Improvement 7,331,413      
Subsequent to Acquisition 736,014      
Land 3,818,587      
Building & Improvement 7,567,427      
The company's investment 11,386,014      
Accumulated Depreciation 1,291,311      
Total Cost, Net of Accumulated Depreciation 10,094,703      
Encumbrances      
Woodlawn Shopping Center [Member]        
Initial Cost - Land 2,010,725      
Initial Cost - Building & Improvement 5,833,626      
Subsequent to Acquisition 1,550,109      
Land 2,010,725      
Building & Improvement 7,383,735      
The company's investment 9,394,460      
Accumulated Depreciation 946,605      
Total Cost, Net of Accumulated Depreciation 8,447,855      
Encumbrances      
Crossroads Plaza 2 [Member]        
Initial Cost - Land 13,405,529      
Initial Cost - Building & Improvement 86,455,763      
Subsequent to Acquisition (540,910)      
Land 13,405,529      
Building & Improvement 85,914,853      
The company's investment 99,320,382      
Accumulated Depreciation 11,613,154      
Total Cost, Net of Accumulated Depreciation 87,707,228      
Encumbrances 70,739,527      
Quail Corners [Member]        
Initial Cost - Land 7,318,321      
Initial Cost - Building & Improvement 26,675,644      
Subsequent to Acquisition 1,326,080      
Land 7,318,321      
Building & Improvement 28,001,724      
The company's investment 35,320,045      
Accumulated Depreciation 2,468,557      
Total Cost, Net of Accumulated Depreciation 32,851,488      
Encumbrances 16,975,639      
Oakcreek Village [Member]        
Initial Cost - Land 1,882,800      
Initial Cost - Building & Improvement 7,551,576      
Subsequent to Acquisition 2,333,493      
Land 1,882,800      
Building & Improvement 9,885,069      
The company's investment 11,767,869      
Accumulated Depreciation 5,331,393      
Total Cost, Net of Accumulated Depreciation 6,436,476      
Encumbrances      
Davidson Commons [Member]        
Initial Cost - Land 2,978,533      
Initial Cost - Building & Improvement 12,859,867      
Subsequent to Acquisition 194,020      
Land 2,978,533      
Building & Improvement 13,053,887      
The company's investment 16,032,420      
Accumulated Depreciation 1,849,478      
Total Cost, Net of Accumulated Depreciation 14,182,942      
Encumbrances      
Senate/Hillsborough Cross [Member]        
Initial Cost - Land 519,395      
Initial Cost - Building & Improvement      
Subsequent to Acquisition      
Land 519,395      
Building & Improvement      
The company's investment 519,395      
Accumulated Depreciation      
Total Cost, Net of Accumulated Depreciation 519,395      
Encumbrances      
Park Place SC [Member]        
Initial Cost - Land 5,461,478      
Initial Cost - Building & Improvement 16,163,494      
Subsequent to Acquisition 320,144      
Land 5,469,809      
Building & Improvement 16,475,307      
The company's investment 21,945,116      
Accumulated Depreciation 6,841,674      
Total Cost, Net of Accumulated Depreciation 15,103,442      
Encumbrances      
Mooresville Crossing [Member]        
Initial Cost - Land 12,013,727      
Initial Cost - Building & Improvement 30,604,173      
Subsequent to Acquisition 109,598      
Land 11,625,801      
Building & Improvement 31,101,697      
The company's investment 42,727,498      
Accumulated Depreciation 10,220,209      
Total Cost, Net of Accumulated Depreciation 32,507,289      
Encumbrances      
Pleasant Valley Promenade [Member]        
Initial Cost - Land 5,208,885      
Initial Cost - Building & Improvement 20,885,792      
Subsequent to Acquisition 13,796,952      
Land 5,208,885      
Building & Improvement 34,682,744      
The company's investment 39,891,629      
Accumulated Depreciation 19,390,497      
Total Cost, Net of Accumulated Depreciation 20,501,132      
Encumbrances      
Wakefield Commons III [Member]        
Initial Cost - Land 6,506,450      
Initial Cost - Building & Improvement      
Subsequent to Acquisition (5,120,646)      
Land 1,843,341      
The company's investment 1,385,804      
Accumulated Depreciation 221,296      
Total Cost, Net of Accumulated Depreciation 1,164,508      
Encumbrances      
Building & Improvement (457,537)      
Wakefield Crossings [Member]        
Initial Cost - Land 3,413,932      
Initial Cost - Building & Improvement      
Subsequent to Acquisition (3,017,959)      
Land 336,236      
Building & Improvement 59,737      
The company's investment 395,973      
Accumulated Depreciation 6,960      
Total Cost, Net of Accumulated Depreciation 389,013      
Encumbrances      
Brennan Station [Member]        
Initial Cost - Land 7,749,751      
Initial Cost - Building & Improvement 20,556,891      
Subsequent to Acquisition (700,646)      
Land 6,321,923      
Building & Improvement 21,284,073      
The company's investment 27,605,996      
Accumulated Depreciation 4,474,520      
Total Cost, Net of Accumulated Depreciation 23,131,476      
Encumbrances      
Brennan Station Outparcel [Member]        
Initial Cost - Land 627,906      
Initial Cost - Building & Improvement 1,665,576      
Subsequent to Acquisition (93,482)      
Land 450,232      
Building & Improvement 1,749,768      
The company's investment 2,200,000      
Accumulated Depreciation 347,904      
Total Cost, Net of Accumulated Depreciation 1,852,096      
Encumbrances      
Cloverdale Plaza [Member]        
Initial Cost - Land 540,667      
Initial Cost - Building & Improvement 719,655      
Subsequent to Acquisition 6,879,635      
Land 540,667      
Building & Improvement 7,599,290      
The company's investment 8,139,957      
Accumulated Depreciation 3,978,961      
Total Cost, Net of Accumulated Depreciation 4,160,996      
Encumbrances      
Webster Square [Member]        
Initial Cost - Land 11,683,145      
Initial Cost - Building & Improvement 41,708,383      
Subsequent to Acquisition 5,174,840      
Land 11,683,145      
Building & Improvement 46,883,223      
The company's investment 58,566,368      
Accumulated Depreciation 5,143,811      
Total Cost, Net of Accumulated Depreciation 53,422,557      
Encumbrances      
Webster Square North [Member]        
Initial Cost - Land 2,163,138      
Initial Cost - Building & Improvement 6,511,424      
Subsequent to Acquisition      
Land 2,163,138      
Building & Improvement 6,511,424      
The company's investment 8,674,562      
Accumulated Depreciation 199,146      
Total Cost, Net of Accumulated Depreciation 8,475,416      
Encumbrances      
Rockingham Mall - Shaws Land PCL [Member]        
Initial Cost - Land 2,660,915      
Initial Cost - Building & Improvement 10,643,660      
Subsequent to Acquisition 14,302,905      
Land 3,148,715      
Building & Improvement 24,458,765      
The company's investment 27,607,480      
Accumulated Depreciation 11,447,997      
Total Cost, Net of Accumulated Depreciation 16,159,483      
Encumbrances      
Shop Rite Plaza [Member]        
Initial Cost - Land 2,417,583      
Initial Cost - Building & Improvement 6,364,094      
Subsequent to Acquisition 1,599,403      
Land 2,417,583      
Building & Improvement 7,963,497      
The company's investment 10,381,080      
Accumulated Depreciation 7,151,851      
Total Cost, Net of Accumulated Depreciation 3,229,229      
Encumbrances      
Marlton Plaza [Member]        
Initial Cost - Land      
Initial Cost - Building & Improvement 4,318,534      
Subsequent to Acquisition 114,215      
Land      
Building & Improvement 4,432,749      
The company's investment 4,432,749      
Accumulated Depreciation 2,269,505      
Total Cost, Net of Accumulated Depreciation 2,163,244      
Encumbrances      
Hillview Shopping Center [Member]        
Initial Cost - Land 16,007,647      
Initial Cost - Building & Improvement 32,607,423      
Subsequent to Acquisition (1,517,229)      
Land 16,007,647      
Building & Improvement 31,090,194      
The company's investment 47,097,841      
Accumulated Depreciation 3,404,107      
Total Cost, Net of Accumulated Depreciation 43,693,734      
Encumbrances 25,096,230      
Garden State Pavilions [Member]        
Initial Cost - Land 7,530,709      
Initial Cost - Building & Improvement 10,801,949      
Subsequent to Acquisition 20,360,667      
Land 12,203,841      
Building & Improvement 26,489,484      
The company's investment 38,693,325      
Accumulated Depreciation 5,290,027      
Total Cost, Net of Accumulated Depreciation 33,403,298      
Encumbrances      
Clark Shoprite 70 Central Ave [Member]        
Initial Cost - Land 3,496,673      
Initial Cost - Building & Improvement 11,693,769      
Subsequent to Acquisition 994,829      
Land 13,959,593      
Building & Improvement 2,225,678      
The company's investment 16,185,271      
Accumulated Depreciation 515,706      
Total Cost, Net of Accumulated Depreciation 15,669,565      
Encumbrances      
Commerce Center West [Member]        
Initial Cost - Land 385,760      
Initial Cost - Building & Improvement 1,290,080      
Subsequent to Acquisition 160,534      
Land 793,595      
Building & Improvement 1,042,779      
The company's investment 1,836,374      
Accumulated Depreciation 218,405      
Total Cost, Net of Accumulated Depreciation 1,617,969      
Encumbrances      
Commerce Center East [Member]        
Initial Cost - Land 1,518,930      
Initial Cost - Building & Improvement 5,079,690      
Subsequent to Acquisition 1,753,865      
Land 7,235,196      
Building & Improvement 1,117,289      
The company's investment 8,352,485      
Accumulated Depreciation 270,427      
Total Cost, Net of Accumulated Depreciation 8,082,058      
Encumbrances      
Central Plaza [Member]        
Initial Cost - Land 3,170,465      
Initial Cost - Building & Improvement 10,602,845      
Subsequent to Acquisition (186,938)      
Land 5,145,167      
Building & Improvement 8,441,205      
The company's investment 13,586,372      
Accumulated Depreciation 1,389,217      
Total Cost, Net of Accumulated Depreciation 12,197,155      
Encumbrances      
East Windsor Village [Member]        
Initial Cost - Land 9,335,011      
Initial Cost - Building & Improvement 23,777,978      
Subsequent to Acquisition (728,416)      
Land 9,335,011      
Building & Improvement 23,049,562      
The company's investment 32,384,573      
Accumulated Depreciation 5,463,964      
Total Cost, Net of Accumulated Depreciation 26,920,609      
Encumbrances      
Holmdel Towne Center [Member]        
Initial Cost - Land 10,824,624      
Initial Cost - Building & Improvement 43,301,494      
Subsequent to Acquisition 7,797,435      
Land 10,824,624      
Building & Improvement 51,098,929      
The company's investment 61,923,553      
Accumulated Depreciation 18,456,550      
Total Cost, Net of Accumulated Depreciation 43,467,003      
Encumbrances      
Commons at Holmdel [Member]        
Initial Cost - Land 16,537,556      
Initial Cost - Building & Improvement 38,759,952      
Subsequent to Acquisition 3,395,971      
Land 16,537,556      
Building & Improvement 42,155,923      
The company's investment 58,693,479      
Accumulated Depreciation 16,134,863      
Total Cost, Net of Accumulated Depreciation 42,558,616      
Encumbrances      
Plaza at Hillsdale [Member]        
Initial Cost - Land 7,601,596      
Initial Cost - Building & Improvement 6,994,196      
Subsequent to Acquisition 544,603      
Land 7,601,596      
Building & Improvement 7,538,799      
The company's investment 15,140,395      
Accumulated Depreciation 782,960      
Total Cost, Net of Accumulated Depreciation 14,357,435      
Encumbrances 6,021,151      
Maple Shade [Member]        
Initial Cost - Land      
Initial Cost - Building & Improvement 9,957,611      
Subsequent to Acquisition (845,234)      
Land      
Building & Improvement 9,112,377      
The company's investment 9,112,377      
Accumulated Depreciation 916,239      
Total Cost, Net of Accumulated Depreciation 8,196,138      
Encumbrances      
Plaza at Short Hills [Member]        
Initial Cost - Land 20,155,471      
Initial Cost - Building & Improvement 11,061,984      
Subsequent to Acquisition 36,110      
Land 20,155,471      
Building & Improvement 11,098,094      
The company's investment 31,253,565      
Accumulated Depreciation 1,615,234      
Total Cost, Net of Accumulated Depreciation 29,638,331      
Encumbrances 9,721,798      
North Brunswick Plaza [Member]        
Initial Cost - Land 3,204,978      
Initial Cost - Building & Improvement 12,819,912      
Subsequent to Acquisition 27,813,346      
Land 3,204,978      
Building & Improvement 40,633,258      
The company's investment 43,838,236      
Accumulated Depreciation 17,565,395      
Total Cost, Net of Accumulated Depreciation 26,272,841      
Encumbrances      
Piscataway Town Center [Member]        
Initial Cost - Land 3,851,839      
Initial Cost - Building & Improvement 15,410,851      
Subsequent to Acquisition 1,216,192      
Land 3,851,839      
Building & Improvement 16,627,043      
The company's investment 20,478,882      
Accumulated Depreciation 7,981,590      
Total Cost, Net of Accumulated Depreciation 12,497,292      
Encumbrances      
Ridgewood S.C. [Member]        
Initial Cost - Land 450,000      
Initial Cost - Building & Improvement 2,106,566      
Subsequent to Acquisition 1,068,571      
Land 450,000      
Building & Improvement 3,175,137      
The company's investment 3,625,137      
Accumulated Depreciation 1,651,823      
Total Cost, Net of Accumulated Depreciation 1,973,314      
Encumbrances      
Union Crescent III - Best Buy [Member]        
Initial Cost - Land 7,895,483      
Initial Cost - Building & Improvement 3,010,640      
Subsequent to Acquisition 28,918,367      
Land 8,696,579      
Building & Improvement 31,127,911      
The company's investment 39,824,490      
Accumulated Depreciation 12,610,403      
Total Cost, Net of Accumulated Depreciation 27,214,087      
Encumbrances      
Westmont Plaza [Member]        
Initial Cost - Land 601,655      
Initial Cost - Building & Improvement 2,404,604      
Subsequent to Acquisition 11,025,881      
Land 601,655      
Building & Improvement 13,430,485      
The company's investment 14,032,140      
Accumulated Depreciation 6,132,664      
Total Cost, Net of Accumulated Depreciation 7,899,476      
Encumbrances      
Willowbrook Plaza [Member]        
Initial Cost - Land 15,320,436      
Initial Cost - Building & Improvement 40,996,874      
Subsequent to Acquisition 3,368,891      
Land 15,320,436      
Building & Improvement 44,365,765      
The company's investment 59,686,201      
Accumulated Depreciation 5,917,315      
Total Cost, Net of Accumulated Depreciation 53,768,886      
Encumbrances      
Del Monte Plaza [Member]        
Initial Cost - Land 2,489,429      
Initial Cost - Building & Improvement 5,590,415      
Subsequent to Acquisition 561,061      
Land 2,210,000      
Building & Improvement 6,430,905      
The company's investment 8,640,905      
Accumulated Depreciation 3,033,951      
Total Cost, Net of Accumulated Depreciation 5,606,954      
Encumbrances 2,598,997      
Redfield Promenade [Member]        
Initial Cost - Land 4,415,339      
Initial Cost - Building & Improvement 32,035,192      
Subsequent to Acquisition 81,095      
Land 4,415,339      
Building & Improvement 32,116,287      
The company's investment 36,531,626      
Accumulated Depreciation 3,116,035      
Total Cost, Net of Accumulated Depreciation 33,415,591      
Encumbrances      
McQueen Crossings [Member]        
Initial Cost - Land 5,017,431      
Initial Cost - Building & Improvement 20,779,024      
Subsequent to Acquisition 193,820      
Land 5,017,431      
Building & Improvement 20,972,844      
The company's investment 25,990,275      
Accumulated Depreciation 2,026,006      
Total Cost, Net of Accumulated Depreciation 23,964,269      
Encumbrances      
Galena Junction [Member]        
Initial Cost - Land 8,931,027      
Initial Cost - Building & Improvement 17,503,387      
Subsequent to Acquisition (14,107)      
Land 8,931,027      
Building & Improvement 17,489,280      
The company's investment 26,420,307      
Accumulated Depreciation 1,715,262      
Total Cost, Net of Accumulated Depreciation 24,705,045      
Encumbrances 19,862,619      
D'Andrea Marketplace [Member]        
Initial Cost - Land 11,556,067      
Initial Cost - Building & Improvement 29,435,364      
Subsequent to Acquisition 183,997      
Land 11,556,067      
Building & Improvement 29,619,361      
The company's investment 41,175,428      
Accumulated Depreciation 7,252,367      
Total Cost, Net of Accumulated Depreciation 33,923,061      
Encumbrances 11,828,709      
Sparks Mercantile [Member]        
Initial Cost - Land 6,221,614      
Initial Cost - Building & Improvement 17,069,172      
Subsequent to Acquisition 35,957      
Land 6,221,614      
Building & Improvement 17,105,129      
The company's investment 23,326,743      
Accumulated Depreciation 1,639,300      
Total Cost, Net of Accumulated Depreciation 21,687,443      
Encumbrances 19,162,216      
Bridgehampton Commons - W&E Side [Member]        
Initial Cost - Land 1,811,752      
Initial Cost - Building & Improvement 3,107,232      
Subsequent to Acquisition 27,119,033      
Land 1,858,188      
Building & Improvement 30,179,829      
The company's investment 32,038,017      
Accumulated Depreciation 19,471,600      
Total Cost, Net of Accumulated Depreciation 12,566,417      
Encumbrances      
Ocean Plaza [Member]        
Initial Cost - Land 564,097      
Initial Cost - Building & Improvement 2,268,768      
Subsequent to Acquisition 8,468      
Land 564,097      
Building & Improvement 2,277,236      
The company's investment 2,841,333      
Accumulated Depreciation 802,290      
Total Cost, Net of Accumulated Depreciation 2,039,043      
Encumbrances      
Kings Highway [Member]        
Initial Cost - Land 2,743,820      
Initial Cost - Building & Improvement 6,811,268      
Subsequent to Acquisition 1,841,513      
Land 2,743,820      
Building & Improvement 8,652,781      
The company's investment 11,396,601      
Accumulated Depreciation 3,199,221      
Total Cost, Net of Accumulated Depreciation 8,197,380      
Encumbrances      
Ralph Avenue Plaza [Member]        
Initial Cost - Land 4,414,466      
Initial Cost - Building & Improvement 11,339,857      
Subsequent to Acquisition 3,567,551      
Land 4,414,467      
Building & Improvement 14,907,407      
The company's investment 19,321,874      
Accumulated Depreciation 4,905,187      
Total Cost, Net of Accumulated Depreciation 14,416,687      
Encumbrances      
Bellmore S.C. [Member]        
Initial Cost - Land 1,272,269      
Initial Cost - Building & Improvement 3,183,547      
Subsequent to Acquisition 1,590,605      
Land 1,272,269      
Building & Improvement 4,774,152      
The company's investment 6,046,421      
Accumulated Depreciation 1,531,268      
Total Cost, Net of Accumulated Depreciation 4,515,153      
Encumbrances      
Market at Bay Shore [Member]        
Initial Cost - Land 12,359,621      
Initial Cost - Building & Improvement 30,707,802      
Subsequent to Acquisition 2,883,868      
Land 12,359,621      
Building & Improvement 33,591,670      
The company's investment 45,951,291      
Accumulated Depreciation 11,418,553      
Total Cost, Net of Accumulated Depreciation 34,532,738      
Encumbrances 11,899,751      
Key Food - Atlantic Ave [Member]        
Initial Cost - Land 2,272,500      
Initial Cost - Building & Improvement 5,624,589      
Subsequent to Acquisition 509,260      
Land 4,808,822      
Building & Improvement 3,597,527      
The company's investment 8,406,349      
Accumulated Depreciation 471,685      
Total Cost, Net of Accumulated Depreciation 7,934,664      
Encumbrances      
King Kullen Plaza [Member]        
Initial Cost - Land 5,968,082      
Initial Cost - Building & Improvement 23,243,404      
Subsequent to Acquisition 6,064,033      
Land 5,980,130      
Building & Improvement 29,295,389      
The company's investment 35,275,519      
Accumulated Depreciation 13,498,533      
Total Cost, Net of Accumulated Depreciation 21,776,986      
Encumbrances      
Birchwood Plaza Commack [Member]        
Initial Cost - Land 3,630,000      
Initial Cost - Building & Improvement 4,774,791      
Subsequent to Acquisition 1,073,476      
Land 3,630,000      
Building & Improvement 5,848,267      
The company's investment 9,478,267      
Accumulated Depreciation 1,743,532      
Total Cost, Net of Accumulated Depreciation 7,734,735      
Encumbrances      
Elmont S.C. [Member]        
Initial Cost - Land 3,011,658      
Initial Cost - Building & Improvement 7,606,066      
Subsequent to Acquisition 2,770,293      
Land 3,011,658      
Building & Improvement 10,376,359      
The company's investment 13,388,017      
Accumulated Depreciation 3,327,198      
Total Cost, Net of Accumulated Depreciation 10,060,819      
Encumbrances      
Northport Land Parcel [Member]        
Initial Cost - Land      
Initial Cost - Building & Improvement 14,460      
Subsequent to Acquisition      
Land      
Building & Improvement 14,460      
The company's investment 14,460      
Accumulated Depreciation      
Total Cost, Net of Accumulated Depreciation 14,460      
Encumbrances      
Elmont Plaza [Member]        
Initial Cost - Land      
Initial Cost - Building & Improvement 5,119,714      
Subsequent to Acquisition      
Land      
Building & Improvement 5,119,714      
The company's investment 5,119,714      
Accumulated Depreciation 371,728      
Total Cost, Net of Accumulated Depreciation 4,747,986      
Encumbrances      
Elmsford Center 1 [Member]        
Initial Cost - Land 4,134,273      
Initial Cost - Building & Improvement 1,193,084      
Subsequent to Acquisition      
Land 4,134,273      
Building & Improvement 1,193,084      
The company's investment 5,327,357      
Accumulated Depreciation 118,420      
Total Cost, Net of Accumulated Depreciation 5,208,937      
Encumbrances      
Elmsford Center 2 [Member]        
Initial Cost - Land 4,076,403      
Initial Cost - Building & Improvement 15,598,504      
Subsequent to Acquisition 949,902      
Land 4,076,403      
Building & Improvement 16,548,406      
The company's investment 20,624,809      
Accumulated Depreciation 1,872,113      
Total Cost, Net of Accumulated Depreciation 18,752,696      
Encumbrances      
Franklin Square S.C. [Member]        
Initial Cost - Land 1,078,541      
Initial Cost - Building & Improvement 2,516,581      
Subsequent to Acquisition 3,937,137      
Land 1,078,541      
Building & Improvement 6,453,718      
The company's investment 7,532,259      
Accumulated Depreciation 2,216,400      
Total Cost, Net of Accumulated Depreciation 5,315,859      
Encumbrances      
Airport Plaza [Member]        
Initial Cost - Land 22,711,189      
Initial Cost - Building & Improvement 107,011,500      
Subsequent to Acquisition 3,764,964      
Land 22,711,189      
Building & Improvement 110,776,464      
The company's investment 133,487,653      
Accumulated Depreciation 10,317,734      
Total Cost, Net of Accumulated Depreciation 123,169,919      
Encumbrances      
Kissena Boulevard Shopping Ctr. [Member]        
Initial Cost - Land 11,610,000      
Initial Cost - Building & Improvement 2,933,487      
Subsequent to Acquisition 147,329      
Land 11,610,000      
Building & Improvement 3,080,816      
The company's investment 14,690,816      
Accumulated Depreciation 1,012,304      
Total Cost, Net of Accumulated Depreciation 13,678,512      
Encumbrances      
Hampton Bays Plaza [Member]        
Initial Cost - Land 1,495,105      
Initial Cost - Building & Improvement 5,979,320      
Subsequent to Acquisition 3,533,406      
Land 1,495,105      
Building & Improvement 9,512,726      
The company's investment 11,007,831      
Accumulated Depreciation 6,950,371      
Total Cost, Net of Accumulated Depreciation 4,057,460      
Encumbrances      
Hicksville Plaza [Member]        
Initial Cost - Land 3,542,739      
Initial Cost - Building & Improvement 8,266,375      
Subsequent to Acquisition 3,095,524      
Land 3,542,739      
Building & Improvement 11,361,899      
The company's investment 14,904,638      
Accumulated Depreciation 3,700,135      
Total Cost, Net of Accumulated Depreciation 11,204,503      
Encumbrances      
Woodbury Centre [Member]        
Initial Cost - Land 4,314,991      
Initial Cost - Building & Improvement 32,585,508      
Subsequent to Acquisition 1,661,793      
Land 4,314,991      
Building & Improvement 34,247,301      
The company's investment 38,562,292      
Accumulated Depreciation 2,699,939      
Total Cost, Net of Accumulated Depreciation 35,862,353      
Encumbrances      
Turnpike Plaza [Member]        
Initial Cost - Land 2,471,832      
Initial Cost - Building & Improvement 5,839,416      
Subsequent to Acquisition 583,236      
Land 2,471,832      
Building & Improvement 6,422,652      
The company's investment 8,894,484      
Accumulated Depreciation 1,669,509      
Total Cost, Net of Accumulated Depreciation 7,224,975      
Encumbrances      
Jericho Commons South [Member]        
Initial Cost - Land 12,368,330      
Initial Cost - Building & Improvement 33,071,495      
Subsequent to Acquisition 721,082      
Land 12,368,330      
Building & Improvement 33,792,577      
The company's investment 46,160,907      
Accumulated Depreciation 9,612,581      
Total Cost, Net of Accumulated Depreciation 36,548,326      
Encumbrances 9,006,205      
501 North Broadway [Member]        
Initial Cost - Land      
Initial Cost - Building & Improvement 1,175,543      
Subsequent to Acquisition 197,738      
Land      
Building & Improvement 1,373,281      
The company's investment 1,373,281      
Accumulated Depreciation 672,031      
Total Cost, Net of Accumulated Depreciation 701,250      
Encumbrances      
Merry Lane (Parking Lot) [Member]        
Initial Cost - Land 1,485,531      
Initial Cost - Building & Improvement 1,749      
Subsequent to Acquisition (1,749)      
Land 1,485,531      
Building & Improvement      
The company's investment 1,485,531      
Accumulated Depreciation      
Total Cost, Net of Accumulated Depreciation 1,485,531      
Encumbrances      
Milleridge Inn [Member]        
Initial Cost - Land 7,500,330      
Initial Cost - Building & Improvement 481,316      
Subsequent to Acquisition 69,437      
Land 7,500,000      
Building & Improvement 551,083      
The company's investment 8,051,083      
Accumulated Depreciation 14,430      
Total Cost, Net of Accumulated Depreciation 8,036,653      
Encumbrances      
Jericho Atrium [Member]        
Initial Cost - Land 10,624,099      
Initial Cost - Building & Improvement 20,065,496      
Subsequent to Acquisition      
Land 10,624,099      
Building & Improvement 20,065,496      
The company's investment 30,689,595      
Accumulated Depreciation 1,816,983      
Total Cost, Net of Accumulated Depreciation 28,872,612      
Encumbrances      
Family Dollar Union Turnpike [Member]        
Initial Cost - Land 909,000      
Initial Cost - Building & Improvement 2,249,775      
Subsequent to Acquisition 258,033      
Land 1,056,709      
Building & Improvement 2,360,099      
The company's investment 3,416,808      
Accumulated Depreciation 413,009      
Total Cost, Net of Accumulated Depreciation 3,003,799      
Encumbrances      
Little Neck Plaza [Member]        
Initial Cost - Land 3,277,254      
Initial Cost - Building & Improvement 13,161,218      
Subsequent to Acquisition 5,837,212      
Land 3,277,253      
Building & Improvement 18,998,431      
The company's investment 22,275,684      
Accumulated Depreciation 6,285,079      
Total Cost, Net of Accumulated Depreciation 15,990,605      
Encumbrances      
Key Food - 21st Street [Member]        
Initial Cost - Land 1,090,800      
Initial Cost - Building & Improvement 2,699,730      
Subsequent to Acquisition (159,449)      
Land 1,669,153      
Building & Improvement 1,961,928      
The company's investment 3,631,081      
Accumulated Depreciation 210,207      
Total Cost, Net of Accumulated Depreciation 3,420,874      
Encumbrances      
Manhasset Center [Member]        
Initial Cost - Land 4,567,003      
Initial Cost - Building & Improvement 19,165,808      
Subsequent to Acquisition 29,214,394      
Land 3,471,939      
Building & Improvement 49,475,266      
The company's investment 52,947,205      
Accumulated Depreciation 21,514,253      
Total Cost, Net of Accumulated Depreciation 31,432,952      
Encumbrances      
Manhasset Center (Residential) [Member]        
Initial Cost - Land 950,000      
Initial Cost - Building & Improvement      
Subsequent to Acquisition      
Land 950,000      
Building & Improvement      
The company's investment 950,000      
Accumulated Depreciation      
Total Cost, Net of Accumulated Depreciation 950,000      
Encumbrances      
Maspeth Queens-Duane Reade [Member]        
Initial Cost - Land 1,872,013      
Initial Cost - Building & Improvement 4,827,940      
Subsequent to Acquisition 1,036,886      
Land 1,872,013      
Building & Improvement 5,864,826      
The company's investment 7,736,839      
Accumulated Depreciation 1,957,523      
Total Cost, Net of Accumulated Depreciation 5,779,316      
Encumbrances 1,677,019      
North Massapequa S.C. [Member]        
Initial Cost - Land 1,880,816      
Initial Cost - Building & Improvement 4,388,549      
Subsequent to Acquisition 699,203      
Land 1,623,601      
Building & Improvement 5,344,967      
The company's investment 6,968,568      
Accumulated Depreciation 2,000,668      
Total Cost, Net of Accumulated Depreciation 4,967,900      
Encumbrances      
Mineola Shoppintg Center [Member]        
Initial Cost - Land 4,150,000      
Initial Cost - Building & Improvement 7,520,692      
Subsequent to Acquisition 224,517      
Land 4,150,000      
Building & Improvement 7,745,209      
The company's investment 11,895,209      
Accumulated Depreciation 1,943,416      
Total Cost, Net of Accumulated Depreciation 9,951,793      
Encumbrances      
Birchwood Park [Member]        
Initial Cost - Land 3,507,162      
Initial Cost - Building & Improvement 4,126      
Subsequent to Acquisition (1,510,445)      
Land 2,000,000      
Building & Improvement 843      
The company's investment 2,000,843      
Accumulated Depreciation 843      
Total Cost, Net of Accumulated Depreciation 2,000,000      
Encumbrances      
Smithtown Plaza [Member]        
Initial Cost - Land 3,528,000      
Initial Cost - Building & Improvement 7,364,098      
Subsequent to Acquisition 414,233      
Land 3,528,000      
Building & Improvement 7,778,331      
The company's investment 11,306,331      
Accumulated Depreciation 2,258,789      
Total Cost, Net of Accumulated Depreciation 9,047,542      
Encumbrances      
Manetto Hill Plaza [Member]        
Initial Cost - Land 263,693      
Initial Cost - Building & Improvement 584,031      
Subsequent to Acquisition 10,227,903      
Land 263,693      
Building & Improvement 10,811,934      
The company's investment 11,075,627      
Accumulated Depreciation 6,176,092      
Total Cost, Net of Accumulated Depreciation 4,899,535      
Encumbrances      
Syosset S.C. [Member]        
Initial Cost - Land 106,655      
Initial Cost - Building & Improvement 76,197      
Subsequent to Acquisition 1,781,201      
Land 106,655      
Building & Improvement 1,857,398      
The company's investment 1,964,053      
Accumulated Depreciation 1,047,980      
Total Cost, Net of Accumulated Depreciation 916,073      
Encumbrances      
Richmond S.C. [Member]        
Initial Cost - Land 2,280,000      
Initial Cost - Building & Improvement 9,027,951      
Subsequent to Acquisition 12,459,766      
Land 2,280,000      
Building & Improvement 21,487,717      
The company's investment 23,767,717      
Accumulated Depreciation 12,038,465      
Total Cost, Net of Accumulated Depreciation 11,729,252      
Encumbrances      
Greenridge - Out Parcel [Member]        
Initial Cost - Land 2,940,000      
Initial Cost - Building & Improvement 11,811,964      
Subsequent to Acquisition 6,268,972      
Land 3,148,424      
Building & Improvement 17,872,512      
The company's investment 21,020,936      
Accumulated Depreciation 6,833,007      
Total Cost, Net of Accumulated Depreciation 14,187,929      
Encumbrances      
Staten Island Plaza [Member]        
Initial Cost - Land 5,600,744      
Initial Cost - Building & Improvement 6,788,460      
Subsequent to Acquisition (3,003,049)      
Land 9,386,155      
Building & Improvement      
The company's investment 9,386,155      
Accumulated Depreciation      
Total Cost, Net of Accumulated Depreciation 9,386,155      
Encumbrances      
Hylan Plaza [Member]        
Initial Cost - Land 28,723,536      
Initial Cost - Building & Improvement 38,232,267      
Subsequent to Acquisition 36,986,741      
Land 28,723,536      
Building & Improvement 75,219,008      
The company's investment 103,942,544      
Accumulated Depreciation 38,896,894      
Total Cost, Net of Accumulated Depreciation 65,045,650      
Encumbrances      
Forest Avenue Plaza [Member]        
Initial Cost - Land 4,558,592      
Initial Cost - Building & Improvement 10,441,408      
Subsequent to Acquisition 155,848      
Land 4,558,592      
Building & Improvement 10,597,256      
The company's investment 15,155,848      
Accumulated Depreciation 3,701,092      
Total Cost, Net of Accumulated Depreciation 11,454,756      
Encumbrances      
Independence Plaza [Member]        
Initial Cost - Land 12,279,093      
Initial Cost - Building & Improvement 34,813,852      
Subsequent to Acquisition 215,399      
Land 16,131,632      
Building & Improvement 31,176,712      
The company's investment 47,308,344      
Accumulated Depreciation 5,877,127      
Total Cost, Net of Accumulated Depreciation 41,431,217      
Encumbrances 31,490,535      
Key Food - Central Ave. [Member]        
Initial Cost - Land 2,787,600      
Initial Cost - Building & Improvement 6,899,310      
Subsequent to Acquisition (394,910)      
Land 2,603,321      
Building & Improvement 6,688,679      
The company's investment 9,292,000      
Accumulated Depreciation 749,341      
Total Cost, Net of Accumulated Depreciation 8,542,659      
Encumbrances      
White Plains S.C. [Member]        
Initial Cost - Land 1,777,775      
Initial Cost - Building & Improvement 4,453,894      
Subsequent to Acquisition 2,471,597      
Land 1,777,775      
Building & Improvement 6,925,491      
The company's investment 8,703,266      
Accumulated Depreciation 2,246,846      
Total Cost, Net of Accumulated Depreciation 6,456,420      
Encumbrances      
Champion Food Supermarket [Member[        
Initial Cost - Land 757,500      
Initial Cost - Building & Improvement 1,874,813      
Subsequent to Acquisition (24,388)      
Land 2,241,118      
Building & Improvement 366,807      
The company's investment 2,607,925      
Accumulated Depreciation 107,809      
Total Cost, Net of Accumulated Depreciation 2,500,116      
Encumbrances      
Shoprite S.C. [Member]        
Initial Cost - Land 871,977      
Initial Cost - Building & Improvement 3,487,909      
Subsequent to Acquisition      
Land 871,977      
Building & Improvement 3,487,909      
The company's investment 4,359,886      
Accumulated Depreciation 2,144,278      
Total Cost, Net of Accumulated Depreciation 2,215,608      
Encumbrances      
Romaine Plaza [Member]        
Initial Cost - Land 782,459      
Initial Cost - Building & Improvement 1,825,737      
Subsequent to Acquisition 588,133      
Land 782,459      
Building & Improvement 2,413,870      
The company's investment 3,196,329      
Accumulated Depreciation 616,916      
Total Cost, Net of Accumulated Depreciation 2,579,413      
Encumbrances      
Kent Center [Member]        
Initial Cost - Land 2,261,530      
Initial Cost - Building & Improvement      
Subsequent to Acquisition (1,826,497)      
Land 435,033      
Building & Improvement      
The company's investment 435,033      
Accumulated Depreciation      
Total Cost, Net of Accumulated Depreciation 435,033      
Encumbrances      
High Park CTR Retail [Member]        
Initial Cost - Land 3,783,875      
Initial Cost - Building & Improvement      
Subsequent to Acquisition (2,778,460)      
Land 921,704      
Building & Improvement 83,711      
The company's investment 1,005,415      
Accumulated Depreciation 24,910      
Total Cost, Net of Accumulated Depreciation 980,505      
Encumbrances      
Oregon Trail Center [Member]        
Initial Cost - Land 5,802,422      
Initial Cost - Building & Improvement 12,622,879      
Subsequent to Acquisition 590,069      
Land 5,802,422      
Building & Improvement 13,212,948      
The company's investment 19,015,370      
Accumulated Depreciation 4,770,972      
Total Cost, Net of Accumulated Depreciation 14,244,398      
Encumbrances      
Powell Valley Junction [Member]        
Initial Cost - Land 5,062,500      
Initial Cost - Building & Improvement 3,152,982      
Subsequent to Acquisition (2,508,712)      
Land 2,035,125      
Building & Improvement 3,671,645      
The company's investment 5,706,770      
Accumulated Depreciation 1,406,074      
Total Cost, Net of Accumulated Depreciation 4,300,696      
Encumbrances      
Hospital Garage and Med. Office [Member]        
Initial Cost - Land      
Initial Cost - Building & Improvement 30,061,177      
Subsequent to Acquisition 59,094      
Land      
Building & Improvement 30,120,271      
The company's investment 30,120,271      
Accumulated Depreciation 8,509,839      
Total Cost, Net of Accumulated Depreciation 21,610,432      
Encumbrances      
Suburban Square [Member]        
Initial Cost - Land 70,679,871      
Initial Cost - Building & Improvement 166,351,381      
Subsequent to Acquisition 10,146,149      
Land 71,279,871      
Building & Improvement 175,897,530      
The company's investment 247,177,401      
Accumulated Depreciation 44,800,084      
Total Cost, Net of Accumulated Depreciation 202,377,317      
Encumbrances      
Coulter Ave. Parcel [Member]        
Initial Cost - Land 577,630      
Initial Cost - Building & Improvement 1,348,019      
Subsequent to Acquisition 6,720,666      
Land 8,645,796      
Building & Improvement 519      
The company's investment 8,646,315      
Accumulated Depreciation      
Total Cost, Net of Accumulated Depreciation 8,646,315      
Encumbrances      
Chippewa Plaza [Member]        
Initial Cost - Land 2,881,525      
Initial Cost - Building & Improvement 11,526,101      
Subsequent to Acquisition 153,290      
Land 2,881,525      
Building & Improvement 11,679,391      
The company's investment 14,560,916      
Accumulated Depreciation 5,133,586      
Total Cost, Net of Accumulated Depreciation 9,427,330      
Encumbrances 1,931,697      
Carnegie Plaza [Member]        
Initial Cost - Land      
Initial Cost - Building & Improvement 3,298,908      
Subsequent to Acquisition 17,747      
Land      
Building & Improvement 3,316,655      
The company's investment 3,316,655      
Accumulated Depreciation 1,445,722      
Total Cost, Net of Accumulated Depreciation 1,870,933      
Encumbrances      
Center Square Shopping Center [Member]        
Initial Cost - Land 731,888      
Initial Cost - Building & Improvement 2,927,551      
Subsequent to Acquisition 1,342,103      
Land 731,888      
Building & Improvement 4,269,654      
The company's investment 5,001,542      
Accumulated Depreciation 2,661,695      
Total Cost, Net of Accumulated Depreciation 2,339,847      
Encumbrances      
Wayne Plaza [Member]        
Initial Cost - Land 6,127,623      
Initial Cost - Building & Improvement 15,605,012      
Subsequent to Acquisition 400,438      
Land 6,135,670      
Building & Improvement 15,997,403      
The company's investment 22,133,073      
Accumulated Depreciation 3,985,695      
Total Cost, Net of Accumulated Depreciation 18,147,378      
Encumbrances      
Devon Village [Member]        
Initial Cost - Land 4,856,379      
Initial Cost - Building & Improvement 25,846,910      
Subsequent to Acquisition 3,995,839      
Land 4,856,379      
Building & Improvement 29,842,749      
The company's investment 34,699,128      
Accumulated Depreciation 5,029,943      
Total Cost, Net of Accumulated Depreciation 29,669,185      
Encumbrances      
Pocono Plaza [Member]        
Initial Cost - Land 1,050,000      
Initial Cost - Building & Improvement 2,372,628      
Subsequent to Acquisition 1,431,729      
Land 1,050,000      
Building & Improvement 3,804,357      
The company's investment 4,854,357      
Accumulated Depreciation 3,174,132      
Total Cost, Net of Accumulated Depreciation 1,680,225      
Encumbrances      
Ridge Pike Plaza [Member]        
Initial Cost - Land 1,525,337      
Initial Cost - Building & Improvement 4,251,732      
Subsequent to Acquisition (2,602,946)      
Land 914,299      
Building & Improvement 2,259,824      
The company's investment 3,174,123      
Accumulated Depreciation 938,226      
Total Cost, Net of Accumulated Depreciation 2,235,897      
Encumbrances      
Whiteland - Hobby Lobby [Member]        
Initial Cost - Land 176,666      
Initial Cost - Building & Improvement 4,895,360      
Subsequent to Acquisition 1,447,703      
Land 176,666      
Building & Improvement 6,343,063      
The company's investment 6,519,729      
Accumulated Depreciation 2,192,866      
Total Cost, Net of Accumulated Depreciation 4,326,863      
Encumbrances      
Whiteland Town Center [Member]        
Initial Cost - Land 731,888      
Initial Cost - Building & Improvement 2,927,551      
Subsequent to Acquisition      
Land 731,888      
Building & Improvement 2,927,551      
The company's investment 3,659,439      
Accumulated Depreciation 1,526,331      
Total Cost, Net of Accumulated Depreciation 2,133,108      
Encumbrances      
Eastwick Wellness Center [Member]        
Initial Cost - Land 889,001      
Initial Cost - Building & Improvement 2,762,888      
Subsequent to Acquisition 3,074,728      
Land 889,001      
Building & Improvement 5,837,616      
The company's investment 6,726,617      
Accumulated Depreciation 2,869,745      
Total Cost, Net of Accumulated Depreciation 3,856,872      
Encumbrances      
Harrisburg East Shopping Ctr. [Member        
Initial Cost - Land 452,888      
Initial Cost - Building & Improvement 6,665,238      
Subsequent to Acquisition 6,889,185      
Land 3,002,888      
Building & Improvement 11,004,423      
The company's investment 14,007,311      
Accumulated Depreciation 6,690,361      
Total Cost, Net of Accumulated Depreciation 7,316,950      
Encumbrances      
Township Line S.C. [Member]        
Initial Cost - Land 731,888      
Initial Cost - Building & Improvement 2,927,551      
Subsequent to Acquisition      
Land 731,888      
Building & Improvement 2,927,551      
The company's investment 3,659,439      
Accumulated Depreciation 1,526,331      
Total Cost, Net of Accumulated Depreciation 2,133,108      
Encumbrances      
Horsham Point [Member]        
Initial Cost - Land 3,813,247      
Initial Cost - Building & Improvement 18,189,450      
Subsequent to Acquisition 45,820      
Land 3,813,247      
Building & Improvement 18,235,270      
The company's investment 22,048,517      
Accumulated Depreciation 1,141,314      
Total Cost, Net of Accumulated Depreciation 20,907,203      
Encumbrances      
Holiday Center [Member]        
Initial Cost - Land 7,726,844      
Initial Cost - Building & Improvement 20,014,243      
Subsequent to Acquisition 50,582      
Land 7,726,844      
Building & Improvement 20,064,825      
The company's investment 27,791,669      
Accumulated Depreciation 2,002,263      
Total Cost, Net of Accumulated Depreciation 25,789,406      
Encumbrances      
Norriton Square [Member]        
Initial Cost - Land 686,134      
Initial Cost - Building & Improvement 2,664,535      
Subsequent to Acquisition 3,817,458      
Land 774,084      
Building & Improvement 6,394,043      
The company's investment 7,168,127      
Accumulated Depreciation 4,679,752      
Total Cost, Net of Accumulated Depreciation 2,488,375      
Encumbrances      
New Kensington S.C. [Member]        
Initial Cost - Land 521,945      
Initial Cost - Building & Improvement 2,548,322      
Subsequent to Acquisition 862,730      
Land 521,945      
Building & Improvement 3,411,052      
The company's investment 3,932,997      
Accumulated Depreciation 3,125,467      
Total Cost, Net of Accumulated Depreciation 807,530      
Encumbrances      
Sears Hardware [Member]        
Initial Cost - Land 10,000      
Initial Cost - Building & Improvement      
Subsequent to Acquisition      
Land 10,000      
Building & Improvement      
The company's investment 10,000      
Accumulated Depreciation      
Total Cost, Net of Accumulated Depreciation 10,000      
Encumbrances      
Frankford Avenue S.C. [Member]        
Initial Cost - Land 731,888      
Initial Cost - Building & Improvement 2,927,551      
Subsequent to Acquisition      
Land 731,888      
Building & Improvement 2,927,551      
The company's investment 3,659,439      
Accumulated Depreciation 1,526,331      
Total Cost, Net of Accumulated Depreciation 2,133,108      
Encumbrances      
Wexford Plaza [Member]        
Initial Cost - Land 6,413,635      
Initial Cost - Building & Improvement 9,774,600      
Subsequent to Acquisition 9,955,083      
Land 6,299,299      
Building & Improvement 19,844,019      
The company's investment 26,143,318      
Accumulated Depreciation 3,657,982      
Total Cost, Net of Accumulated Depreciation 22,485,336      
Encumbrances      
Cranberry Township - Parcel 1 and 2 [Member]        
Initial Cost - Land 10,270,846      
Initial Cost - Building & Improvement 30,769,592      
Subsequent to Acquisition      
Land 10,270,846      
Building & Improvement 30,769,592      
The company's investment 41,040,438      
Accumulated Depreciation 333,570      
Total Cost, Net of Accumulated Depreciation 40,706,868      
Encumbrances 21,636,092      
Crossroads Plaza 3 [Member]        
Initial Cost - Land 788,761      
Initial Cost - Building & Improvement 3,155,044      
Subsequent to Acquisition 12,759,977      
Land 976,439      
Building & Improvement 15,727,343      
The company's investment 16,703,782      
Accumulated Depreciation 9,633,622      
Total Cost, Net of Accumulated Depreciation 7,070,160      
Encumbrances      
Springfield S.C. 2 [Member]        
Initial Cost - Land 919,998      
Initial Cost - Building & Improvement 4,981,589      
Subsequent to Acquisition 12,704,250      
Land 920,000      
Building & Improvement 17,685,837      
The company's investment 18,605,837      
Accumulated Depreciation 9,073,040      
Total Cost, Net of Accumulated Depreciation 9,532,797      
Encumbrances      
Shrewsbury Square S.C. [Member]        
Initial Cost - Land 8,066,107      
Initial Cost - Building & Improvement 16,997,997      
Subsequent to Acquisition (1,648,173)      
Land 6,534,966      
Building & Improvement 16,880,965      
The company's investment 23,415,931      
Accumulated Depreciation 1,804,686      
Total Cost, Net of Accumulated Depreciation 21,611,245      
Encumbrances      
Whitehall Mall [Member]        
Initial Cost - Land      
Initial Cost - Building & Improvement 5,195,577      
Subsequent to Acquisition      
Land      
Building & Improvement 5,195,577      
The company's investment 5,195,577      
Accumulated Depreciation 2,708,806      
Total Cost, Net of Accumulated Depreciation 2,486,771      
Encumbrances      
Whole Foods at Wynnewood [Member]        
Initial Cost - Land 15,042,165      
Initial Cost - Building & Improvement      
Subsequent to Acquisition 11,598,520      
Land 13,772,394      
Building & Improvement 12,868,291      
The company's investment 26,640,685      
Accumulated Depreciation 66,430      
Total Cost, Net of Accumulated Depreciation 26,574,255      
Encumbrances      
Shoppes at Wynnewood [Member]        
Initial Cost - Land 7,478,907      
Initial Cost - Building & Improvement      
Subsequent to Acquisition 3,768,083      
Land 7,478,907      
Building & Improvement 3,768,083      
The company's investment 11,246,990      
Accumulated Depreciation 62,308      
Total Cost, Net of Accumulated Depreciation 11,184,682      
Encumbrances      
West Market St. Plaza [Member]        
Initial Cost - Land 188,562      
Initial Cost - Building & Improvement 1,158,307      
Subsequent to Acquisition 41,712      
Land 188,562      
Building & Improvement 1,200,019      
The company's investment 1,388,581      
Accumulated Depreciation 1,169,083      
Total Cost, Net of Accumulated Depreciation 219,498      
Encumbrances      
Rexville Town Center [Member]        
Initial Cost - Land 24,872,981      
Initial Cost - Building & Improvement 48,688,161      
Subsequent to Acquisition 8,014,056      
Land 25,678,064      
Building & Improvement 55,897,134      
The company's investment 81,575,198      
Accumulated Depreciation 32,302,168      
Total Cost, Net of Accumulated Depreciation 49,273,030      
Encumbrances      
Plaza Centro - Costco [Member]        
Initial Cost - Land 3,627,973      
Initial Cost - Building & Improvement 10,752,212      
Subsequent to Acquisition 1,535,656      
Land 3,866,206      
Building & Improvement 12,049,635      
The company's investment 15,915,841      
Accumulated Depreciation 6,391,287      
Total Cost, Net of Accumulated Depreciation 9,524,554      
Encumbrances      
Plaza Centro - Mall [Member]        
Initial Cost - Land 19,873,263      
Initial Cost - Building & Improvement 58,719,179      
Subsequent to Acquisition 7,545,697      
Land 19,408,112      
Building & Improvement 66,730,027      
The company's investment 86,138,139      
Accumulated Depreciation 35,105,932      
Total Cost, Net of Accumulated Depreciation 51,032,207      
Encumbrances      
Plaza Centro - Retail [Member]        
Initial Cost - Land 5,935,566      
Initial Cost - Building & Improvement 16,509,748      
Subsequent to Acquisition 2,695,750      
Land 6,026,070      
Building & Improvement 19,114,994      
The company's investment 25,141,064      
Accumulated Depreciation 9,984,894      
Total Cost, Net of Accumulated Depreciation 15,156,170      
Encumbrances      
Plaza Centro - Sam's Club [Member]        
Initial Cost - Land 6,643,224      
Initial Cost - Building & Improvement 20,224,758      
Subsequent to Acquisition 2,321,593      
Land 6,520,090      
Building & Improvement 22,669,485      
The company's investment 29,189,575      
Accumulated Depreciation 21,610,984      
Total Cost, Net of Accumulated Depreciation 7,578,591      
Encumbrances      
Los Colobos - Builders Square [Member]        
Initial Cost - Land 4,404,593      
Initial Cost - Building & Improvement 9,627,903      
Subsequent to Acquisition 1,361,338      
Land 4,461,145      
Building & Improvement 10,932,689      
The company's investment 15,393,834      
Accumulated Depreciation 9,024,387      
Total Cost, Net of Accumulated Depreciation 6,369,447      
Encumbrances      
Los Colobos - Kmart [Member]        
Initial Cost - Land 4,594,944      
Initial Cost - Building & Improvement 10,120,147      
Subsequent to Acquisition 726,279      
Land 4,402,338      
Building & Improvement 11,039,032      
The company's investment 15,441,370      
Accumulated Depreciation 9,386,129      
Total Cost, Net of Accumulated Depreciation 6,055,241      
Encumbrances      
Los Colobos I [Member]        
Initial Cost - Land 12,890,882      
Initial Cost - Building & Improvement 26,046,669      
Subsequent to Acquisition 3,697,161      
Land 13,613,375      
Building & Improvement 29,021,337      
The company's investment 42,634,712      
Accumulated Depreciation 15,652,923      
Total Cost, Net of Accumulated Depreciation 26,981,789      
Encumbrances      
Los Colobos II [Member]        
Initial Cost - Land 14,893,698      
Initial Cost - Building & Improvement 30,680,556      
Subsequent to Acquisition 5,857,364      
Land 15,142,300      
Building & Improvement 36,289,318      
The company's investment 51,431,618      
Accumulated Depreciation 18,829,986      
Total Cost, Net of Accumulated Depreciation 32,601,632      
Encumbrances      
Western Plaza - Mayaquez One [Member]        
Initial Cost - Land 10,857,773      
Initial Cost - Building & Improvement 12,252,522      
Subsequent to Acquisition 1,347,575      
Land 11,241,993      
Building & Improvement 13,215,877      
The company's investment 24,457,870      
Accumulated Depreciation 8,562,000      
Total Cost, Net of Accumulated Depreciation 15,895,870      
Encumbrances      
Western Plaza - Mayaguez Two [Member]        
Initial Cost - Land 16,874,345      
Initial Cost - Building & Improvement 19,911,045      
Subsequent to Acquisition 1,964,632      
Land 16,872,647      
Building & Improvement 21,877,375      
The company's investment 38,750,022      
Accumulated Depreciation 14,087,431      
Total Cost, Net of Accumulated Depreciation 24,662,591      
Encumbrances      
Manati Villa Maria SC [Member]        
Initial Cost - Land 2,781,447      
Initial Cost - Building & Improvement 5,673,119      
Subsequent to Acquisition 1,699,755      
Land 2,606,588      
Building & Improvement 7,547,733      
The company's investment 10,154,321      
Accumulated Depreciation 3,953,428      
Total Cost, Net of Accumulated Depreciation 6,200,893      
Encumbrances      
Ponce Town Center [Member]        
Initial Cost - Land 14,432,778      
Initial Cost - Building & Improvement 28,448,754      
Subsequent to Acquisition 4,875,507      
Land 14,903,024      
Building & Improvement 32,854,015      
The company's investment 47,757,039      
Accumulated Depreciation 15,091,421      
Total Cost, Net of Accumulated Depreciation 32,665,618      
Encumbrances      
Trujillo Alto Plaza [Member]        
Initial Cost - Land 12,053,673      
Initial Cost - Building & Improvement 24,445,858      
Subsequent to Acquisition 3,942,389      
Land 12,289,288      
Building & Improvement 28,152,632      
The company's investment 40,441,920      
Accumulated Depreciation 16,021,971      
Total Cost, Net of Accumulated Depreciation 24,419,949      
Encumbrances      
Marshall Plaza [Member]        
Initial Cost - Land 1,886,600      
Initial Cost - Building & Improvement 7,575,302      
Subsequent to Acquisition 1,797,067      
Land 1,886,600      
Building & Improvement 9,372,369      
The company's investment 11,258,969      
Accumulated Depreciation 4,569,037      
Total Cost, Net of Accumulated Depreciation 6,689,932      
Encumbrances      
St. Andrews Center [Member]        
Initial Cost - Land 730,164      
Initial Cost - Building & Improvement 3,132,092      
Subsequent to Acquisition 19,122,683      
Land 730,164      
Building & Improvement 22,254,775      
The company's investment 22,984,939      
Accumulated Depreciation 9,949,662      
Total Cost, Net of Accumulated Depreciation 13,035,277      
Encumbrances      
Westwood Plaza [Member]        
Initial Cost - Land 1,744,430      
Initial Cost - Building & Improvement 6,986,094      
Subsequent to Acquisition 6,970,136      
Land 1,726,833      
Building & Improvement 13,973,827      
The company's investment 15,700,660      
Accumulated Depreciation 4,352,208      
Total Cost, Net of Accumulated Depreciation 11,348,452      
Encumbrances      
Cherrydale Point [Member]        
Initial Cost - Land 5,801,948      
Initial Cost - Building & Improvement 32,055,019      
Subsequent to Acquisition 1,885,250      
Land 5,801,948      
Building & Improvement 33,940,269      
The company's investment 39,742,217      
Accumulated Depreciation 7,869,993      
Total Cost, Net of Accumulated Depreciation 31,872,224      
Encumbrances      
Woodruff Shopping Center [Member]        
Initial Cost - Land 3,110,439      
Initial Cost - Building & Improvement 15,501,117      
Subsequent to Acquisition 1,146,035      
Land 3,465,199      
Building & Improvement 16,292,392      
The company's investment 19,757,591      
Accumulated Depreciation 2,847,116      
Total Cost, Net of Accumulated Depreciation 16,910,475      
Encumbrances      
Forest Park [Member]        
Initial Cost - Land 1,920,241      
Initial Cost - Building & Improvement 9,544,875      
Subsequent to Acquisition 186,314      
Land 1,920,241      
Building & Improvement 9,731,189      
The company's investment 11,651,430      
Accumulated Depreciation 1,398,248      
Total Cost, Net of Accumulated Depreciation 10,253,182      
Encumbrances      
Old Towne Village [Member]        
Initial Cost - Land      
Initial Cost - Building & Improvement 4,133,904      
Subsequent to Acquisition 4,003,667      
Land      
Building & Improvement 8,137,571      
The company's investment 8,137,571      
Accumulated Depreciation 5,935,218      
Total Cost, Net of Accumulated Depreciation 2,202,353      
Encumbrances      
Hickory Ridge Commons [Member]        
Initial Cost - Land 596,347      
Initial Cost - Building & Improvement 2,545,033      
Subsequent to Acquisition (2,457,560)      
Land 683,820      
Building & Improvement      
The company's investment 683,820      
Accumulated Depreciation      
Total Cost, Net of Accumulated Depreciation 683,820      
Encumbrances      
Center of the Hills [Member]        
Initial Cost - Land 2,923,585      
Initial Cost - Building & Improvement 11,706,145      
Subsequent to Acquisition 1,186,149      
Land 2,923,585      
Building & Improvement 12,892,294      
The company's investment 15,815,879      
Accumulated Depreciation 6,288,060      
Total Cost, Net of Accumulated Depreciation 9,527,819      
Encumbrances      
Dowlen Town Center II [Member]        
Initial Cost - Land 2,244,581      
Initial Cost - Building & Improvement      
Subsequent to Acquisition (722,251)      
Land 484,828      
Building & Improvement 1,037,502      
The company's investment 1,522,330      
Accumulated Depreciation 173,357      
Total Cost, Net of Accumulated Depreciation 1,348,973      
Encumbrances      
Gateway Station [Member]        
Initial Cost - Land 1,373,692      
Initial Cost - Building & Improvement 28,145,158      
Subsequent to Acquisition 137,320      
Land 1,374,880      
Building & Improvement 28,281,290      
The company's investment 29,656,170      
Accumulated Depreciation 3,653,199      
Total Cost, Net of Accumulated Depreciation 26,002,971      
Encumbrances      
Baytown Village S.C. [Member]        
Initial Cost - Land 500,422      
Initial Cost - Building & Improvement 2,431,651      
Subsequent to Acquisition 818,249      
Land 500,422      
Building & Improvement 3,249,900      
The company's investment 3,750,322      
Accumulated Depreciation 1,433,566      
Total Cost, Net of Accumulated Depreciation 2,316,756      
Encumbrances      
Las Tiendas Plaza [Member]        
Initial Cost - Land 8,678,107      
Initial Cost - Building & Improvement      
Subsequent to Acquisition 27,525,578      
Land 7,943,925      
Building & Improvement 28,259,760      
The company's investment 36,203,685      
Accumulated Depreciation 5,068,574      
Total Cost, Net of Accumulated Depreciation 31,135,111      
Encumbrances      
Island Gate Plaza [Member]        
Initial Cost - Land      
Initial Cost - Building & Improvement 944,562      
Subsequent to Acquisition 1,864,189      
Land      
Building & Improvement 2,808,751      
The company's investment 2,808,751      
Accumulated Depreciation 976,939      
Total Cost, Net of Accumulated Depreciation 1,831,812      
Encumbrances      
Island Gate Plaza 2 [Member]        
Initial Cost - Land 4,343,000      
Initial Cost - Building & Improvement 4,723,215      
Subsequent to Acquisition 3,434,004      
Land 4,292,636      
Building & Improvement 8,207,583      
The company's investment 12,500,219      
Accumulated Depreciation 2,159,227      
Total Cost, Net of Accumulated Depreciation 10,340,992      
Encumbrances      
Conroe Marketplace [Member]        
Initial Cost - Land 18,869,087      
Initial Cost - Building & Improvement 50,756,554      
Subsequent to Acquisition (3,309,577)      
Land 10,841,611      
Building & Improvement 55,474,453      
The company's investment 66,316,064      
Accumulated Depreciation 4,351,300      
Total Cost, Net of Accumulated Depreciation 61,964,764      
Encumbrances      
Montgomery Plaza [Member]        
Initial Cost - Land 10,739,067      
Initial Cost - Building & Improvement 63,065,333      
Subsequent to Acquisition (281,830)      
Land 10,738,796      
Building & Improvement 62,783,774      
The company's investment 73,522,570      
Accumulated Depreciation 6,158,788      
Total Cost, Net of Accumulated Depreciation 67,363,782      
Encumbrances 28,821,667      
Preston Lebanon Crossing [Member]        
Initial Cost - Land 13,552,180      
Initial Cost - Building & Improvement      
Subsequent to Acquisition 26,717,900      
Land 12,163,694      
Building & Improvement 28,106,386      
The company's investment 40,270,080      
Accumulated Depreciation 5,930,870      
Total Cost, Net of Accumulated Depreciation 34,339,210      
Encumbrances      
Lake Prairie Town Crossing [Member]        
Initial Cost - Land 7,897,491      
Initial Cost - Building & Improvement      
Subsequent to Acquisition 28,539,296      
Land 6,783,464      
Building & Improvement 29,653,323      
The company's investment 36,436,787      
Accumulated Depreciation 5,059,248      
Total Cost, Net of Accumulated Depreciation 31,377,539      
Encumbrances      
Center at Baybrook [Member]        
Initial Cost - Land 6,941,017      
Initial Cost - Building & Improvement 27,727,491      
Subsequent to Acquisition 8,890,735      
Land 6,928,120      
Building & Improvement 36,631,123      
The company's investment 43,559,243      
Accumulated Depreciation 15,483,311      
Total Cost, Net of Accumulated Depreciation 28,075,932      
Encumbrances      
Cypress Towne Center [Member]        
Initial Cost - Land 6,033,932      
Initial Cost - Building & Improvement      
Subsequent to Acquisition 1,636,605      
Land 2,251,666      
Building & Improvement 5,418,871      
The company's investment 7,670,537      
Accumulated Depreciation 882,419      
Total Cost, Net of Accumulated Depreciation 6,788,118      
Encumbrances      
Cypress Towne Center 2 [Member]        
Initial Cost - Land 12,329,195      
Initial Cost - Building & Improvement 36,836,381      
Subsequent to Acquisition      
Land 12,329,195      
Building & Improvement 36,836,381      
The company's investment 49,165,576      
Accumulated Depreciation 398,790      
Total Cost, Net of Accumulated Depreciation 48,766,786      
Encumbrances      
Cypress Towne Center (Phase II) [Member]        
Initial Cost - Land 2,061,477      
Initial Cost - Building & Improvement 6,157,862      
Subsequent to Acquisition      
Land 2,061,477      
Building & Improvement 6,157,862      
The company's investment 8,219,339      
Accumulated Depreciation 66,679      
Total Cost, Net of Accumulated Depreciation 8,152,660      
Encumbrances      
The Centre at Copperfield [Member]        
Initial Cost - Land 6,723,267      
Initial Cost - Building & Improvement 22,524,551      
Subsequent to Acquisition 147,681      
Land 6,723,357      
Building & Improvement 22,672,142      
The company's investment 29,395,499      
Accumulated Depreciation 1,765,721      
Total Cost, Net of Accumulated Depreciation 27,629,778      
Encumbrances      
Copperwood Village [Member]        
Initial Cost - Land 13,848,109      
Initial Cost - Building & Improvement 84,183,731      
Subsequent to Acquisition 488,670      
Land 13,848,109      
Building & Improvement 84,672,401      
The company's investment 98,520,510      
Accumulated Depreciation 8,574,685      
Total Cost, Net of Accumulated Depreciation 89,945,825      
Encumbrances      
Atascocita Commons Shop CTR [Member]        
Initial Cost - Land 16,322,636      
Initial Cost - Building & Improvement 54,587,066      
Subsequent to Acquisition 640,629      
Land 16,099,004      
Building & Improvement 55,451,327      
The company's investment 71,550,331      
Accumulated Depreciation 6,426,983      
Total Cost, Net of Accumulated Depreciation 65,123,348      
Encumbrances 28,723,371      
Tomball Crossings [Member]        
Initial Cost - Land 8,517,427      
Initial Cost - Building & Improvement 28,484,450      
Subsequent to Acquisition (22,511)      
Land 7,964,894      
Building & Improvement 29,014,472      
The company's investment 36,979,366      
Accumulated Depreciation 3,597,691      
Total Cost, Net of Accumulated Depreciation 33,381,675      
Encumbrances      
Copperfield Village Shop CTR [Member]        
Initial Cost - Land 7,827,639      
Initial Cost - Building & Improvement 34,864,441      
Subsequent to Acquisition 140,205      
Land 7,827,639      
Building & Improvement 35,004,646      
The company's investment 42,832,285      
Accumulated Depreciation 2,785,358      
Total Cost, Net of Accumulated Depreciation 40,046,927      
Encumbrances      
Shops at Vista Ridge [Member]        
Initial Cost - Land 3,257,199      
Initial Cost - Building & Improvement 13,029,416      
Subsequent to Acquisition 2,198,969      
Land 3,257,199      
Building & Improvement 15,228,385      
The company's investment 18,485,584      
Accumulated Depreciation 6,908,102      
Total Cost, Net of Accumulated Depreciation 11,577,482      
Encumbrances      
Vista Ridge Plaza [Member]        
Initial Cost - Land 2,926,495      
Initial Cost - Building & Improvement 11,716,483      
Subsequent to Acquisition 2,584,098      
Land 2,926,495      
Building & Improvement 14,300,581      
The company's investment 17,227,076      
Accumulated Depreciation 6,722,152      
Total Cost, Net of Accumulated Depreciation 10,504,924      
Encumbrances      
Vista Ridge Plaza 2 [Member]        
Initial Cost - Land 2,276,575      
Initial Cost - Building & Improvement 9,106,300      
Subsequent to Acquisition 1,355,098      
Land 2,276,575      
Building & Improvement 10,461,398      
The company's investment 12,737,973      
Accumulated Depreciation 4,969,800      
Total Cost, Net of Accumulated Depreciation 7,768,173      
Encumbrances      
Kroger Plaza [Member]        
Initial Cost - Land 520,340      
Initial Cost - Building & Improvement 2,081,356      
Subsequent to Acquisition 1,359,284      
Land 520,340      
Building & Improvement 3,440,640      
The company's investment 3,960,980      
Accumulated Depreciation 1,790,106      
Total Cost, Net of Accumulated Depreciation 2,170,874      
Encumbrances      
Accent Plaza [Member]        
Initial Cost - Land 500,414      
Initial Cost - Building & Improvement 2,830,835      
Subsequent to Acquisition      
Land 500,414      
Building & Improvement 2,830,835      
The company's investment 3,331,249      
Accumulated Depreciation 1,464,554      
Total Cost, Net of Accumulated Depreciation 1,866,695      
Encumbrances      
Southlake Oaks Phase II - 480 W. [Member]        
Initial Cost - Land 3,011,260      
Initial Cost - Building & Improvement 7,703,844      
Subsequent to Acquisition 103,968      
Land 3,016,617      
Building & Improvement 7,802,455      
The company's investment 10,819,072      
Accumulated Depreciation 2,611,864      
Total Cost, Net of Accumulated Depreciation 8,207,208      
Encumbrances      
Woodbridge Shopping Center [Member]        
Initial Cost - Land 2,568,705      
Initial Cost - Building & Improvement 6,813,716      
Subsequent to Acquisition 60,806      
Land 2,568,705      
Building & Improvement 6,874,522      
The company's investment 9,443,227      
Accumulated Depreciation 1,137,926      
Total Cost, Net of Accumulated Depreciation 8,305,301      
Encumbrances      
Grand Parkway Marketplace [Member]        
Initial Cost - Land 25,363,548      
Initial Cost - Building & Improvement      
Subsequent to Acquisition 49,662,448      
Land 75,025,996      
Building & Improvement      
The company's investment 75,025,996      
Accumulated Depreciation      
Total Cost, Net of Accumulated Depreciation 75,025,996      
Encumbrances      
Grand Parkway Marketplace II [Member]        
Initial Cost - Land 13,436,447      
Initial Cost - Building & Improvement      
Subsequent to Acquisition 6,378,376      
Land 19,814,823      
Building & Improvement      
The company's investment 19,814,823      
Accumulated Depreciation      
Total Cost, Net of Accumulated Depreciation 19,814,823      
Encumbrances      
Temple Towne Center [Member[        
Initial Cost - Land 609,317      
Initial Cost - Building & Improvement 2,983,262      
Subsequent to Acquisition 1      
Land 609,317      
Building & Improvement 2,983,263      
The company's investment 3,592,580      
Accumulated Depreciation 258,770      
Total Cost, Net of Accumulated Depreciation 3,333,810      
Encumbrances      
Temple Towne Center II [Member]        
Initial Cost - Land 4,909,857      
Initial Cost - Building & Improvement 25,882,414      
Subsequent to Acquisition 24,910      
Land 4,909,857      
Building & Improvement 25,907,324      
The company's investment 30,817,181      
Accumulated Depreciation 3,096,902      
Total Cost, Net of Accumulated Depreciation 27,720,279      
Encumbrances      
Burke Town Plaza [Member]        
Initial Cost - Land      
Initial Cost - Building & Improvement 43,240,068      
Subsequent to Acquisition (77,919)      
Land      
Building & Improvement 43,162,149      
The company's investment 43,162,149      
Accumulated Depreciation 4,705,503      
Total Cost, Net of Accumulated Depreciation 38,456,646      
Encumbrances      
Old Town Plaza [Member]        
Initial Cost - Land 4,500,000      
Initial Cost - Building & Improvement 41,569,735      
Subsequent to Acquisition (13,561,193)      
Land 3,087,520      
Building & Improvement 29,421,022      
The company's investment 32,508,542      
Accumulated Depreciation 5,331,198      
Total Cost, Net of Accumulated Depreciation 27,177,344      
Encumbrances      
Skyline Village [Member]        
Initial Cost - Land 10,145,283      
Initial Cost - Building & Improvement 28,764,045      
Subsequent to Acquisition 119,265      
Land 10,573,875      
Building & Improvement 28,454,718      
The company's investment 39,028,593      
Accumulated Depreciation 2,408,808      
Total Cost, Net of Accumulated Depreciation 36,619,785      
Encumbrances 28,540,865      
Sudley Towne Plaza [Member]        
Initial Cost - Land 4,114,293      
Initial Cost - Building & Improvement 15,988,465      
Subsequent to Acquisition (2,870)      
Land 4,114,293      
Building & Improvement 15,985,595      
The company's investment 20,099,888      
Accumulated Depreciation 1,223,448      
Total Cost, Net of Accumulated Depreciation 18,876,440      
Encumbrances      
Burlington Coat Center [Member]        
Initial Cost - Land 670,500      
Initial Cost - Building & Improvement 2,751,375      
Subsequent to Acquisition 1,666,127      
Land 670,500      
Building & Improvement 4,417,502      
The company's investment 5,088,002      
Accumulated Depreciation 1,555,483      
Total Cost, Net of Accumulated Depreciation 3,532,519      
Encumbrances      
Towne Square [Member]        
Initial Cost - Land 8,499,373      
Initial Cost - Building & Improvement 24,302,141      
Subsequent to Acquisition 1,558,230      
Land 8,858,432      
Building & Improvement 25,501,312      
The company's investment 34,359,744      
Accumulated Depreciation 2,148,027      
Total Cost, Net of Accumulated Depreciation 32,211,717      
Encumbrances 24,915,548      
Potomac Run Plaza [Member]        
Initial Cost - Land 27,369,515      
Initial Cost - Building & Improvement 48,451,209      
Subsequent to Acquisition (1,609,051)      
Land 27,369,515      
Building & Improvement 46,842,158      
The company's investment 74,211,673      
Accumulated Depreciation 12,954,070      
Total Cost, Net of Accumulated Depreciation 61,257,603      
Encumbrances      
Dulles Town Crossing [Member]        
Initial Cost - Land 53,285,116      
Initial Cost - Building & Improvement 104,175,738      
Subsequent to Acquisition (400,522)      
Land 53,285,116      
Building & Improvement 103,775,216      
The company's investment 157,060,332      
Accumulated Depreciation 11,215,337      
Total Cost, Net of Accumulated Depreciation 145,844,995      
Encumbrances      
Docstone Commons [Member]        
Initial Cost - Land 3,839,249      
Initial Cost - Building & Improvement 11,468,264      
Subsequent to Acquisition      
Land 3,839,249      
Building & Improvement 11,468,264      
The company's investment 15,307,513      
Accumulated Depreciation 124,181      
Total Cost, Net of Accumulated Depreciation 15,183,332      
Encumbrances 11,123,972      
Docstone O/P - Staples [Member]        
Initial Cost - Land 1,425,307      
Initial Cost - Building & Improvement 4,317,552      
Subsequent to Acquisition      
Land 1,425,307      
Building & Improvement 4,317,552      
The company's investment 5,742,859      
Accumulated Depreciation 46,102      
Total Cost, Net of Accumulated Depreciation 5,696,757      
Encumbrances      
Stafford Marketplace [Member]        
Initial Cost - Land 26,893,429      
Initial Cost - Building & Improvement 86,449,614      
Subsequent to Acquisition 71,698      
Land 26,893,429      
Building & Improvement 86,521,312      
The company's investment 113,414,741      
Accumulated Depreciation 6,751,401      
Total Cost, Net of Accumulated Depreciation 106,663,340      
Encumbrances      
Auburn North [Member]        
Initial Cost - Land 7,785,841      
Initial Cost - Building & Improvement 18,157,625      
Subsequent to Acquisition 1,466,041      
Land 7,785,841      
Building & Improvement 19,623,666      
The company's investment 27,409,507      
Accumulated Depreciation 6,662,844      
Total Cost, Net of Accumulated Depreciation 20,746,663      
Encumbrances      
The Marketplace at Factoria [Member]        
Initial Cost - Land 60,502,358      
Initial Cost - Building & Improvement 92,696,231      
Subsequent to Acquisition 2,554,967      
Land 60,502,358      
Building & Improvement 95,251,198      
The company's investment 155,753,556      
Accumulated Depreciation 15,307,136      
Total Cost, Net of Accumulated Depreciation 140,446,420      
Encumbrances 56,633,213      
Frontier Village Shopping CTR [Member]        
Initial Cost - Land 10,750,863      
Initial Cost - Building & Improvement 35,649,111      
Subsequent to Acquisition 96,299      
Land 10,750,863      
Building & Improvement 35,745,410      
The company's investment 46,496,273      
Accumulated Depreciation 5,383,855      
Total Cost, Net of Accumulated Depreciation 41,112,418      
Encumbrances      
Gateway Shopping Center [Member]        
Initial Cost - Land 6,937,929      
Initial Cost - Building & Improvement 11,270,322      
Subsequent to Acquisition      
Land 6,937,929      
Building & Improvement 11,270,322      
The company's investment 18,208,251      
Accumulated Depreciation 241,160      
Total Cost, Net of Accumulated Depreciation 17,967,091      
Encumbrances      
Olympia West Outparcel [Member]        
Initial Cost - Land 360,000      
Initial Cost - Building & Improvement 799,640      
Subsequent to Acquisition 100,360      
Land 360,000      
Building & Improvement 900,000      
The company's investment 1,260,000      
Accumulated Depreciation 102,255      
Total Cost, Net of Accumulated Depreciation 1,157,745      
Encumbrances      
Franklin Park Commons [Member]        
Initial Cost - Land 5,418,825      
Initial Cost - Building & Improvement 11,988,657      
Subsequent to Acquisition 977,979      
Land 5,418,825      
Building & Improvement 12,966,636      
The company's investment 18,385,461      
Accumulated Depreciation 1,277,370      
Total Cost, Net of Accumulated Depreciation 17,108,091      
Encumbrances      
Silverdale Plaza [Member]        
Initial Cost - Land 3,875,013      
Initial Cost - Building & Improvement 32,272,736      
Subsequent to Acquisition 86,050      
Land 3,755,613      
Building & Improvement 32,478,186      
The company's investment 36,233,799      
Accumulated Depreciation 4,689,699      
Total Cost, Net of Accumulated Depreciation 31,544,100      
Encumbrances      
Blue Ridge [Member]        
Initial Cost - Land 12,346,900      
Initial Cost - Building & Improvement 71,529,796      
Subsequent to Acquisition (35,751,174)      
Land 6,158,426      
Building & Improvement 41,967,096      
The company's investment 48,125,522      
Accumulated Depreciation 19,367,363      
Total Cost, Net of Accumulated Depreciation 28,758,159      
Encumbrances 6,870,989      
Micro Properties [Member]        
Initial Cost - Land 24,206,390      
Initial Cost - Building & Improvement 56,481,576      
Subsequent to Acquisition (74,328,657)      
Land 2,038,463      
Building & Improvement 4,320,846      
The company's investment 6,359,309      
Accumulated Depreciation 904,208      
Total Cost, Net of Accumulated Depreciation 5,455,101      
Encumbrances      
KRC North Loan IV, Inc [Member]        
Initial Cost - Land 23,516,663      
Initial Cost - Building & Improvement      
Subsequent to Acquisition (5,308,827)      
Land 18,207,836      
Building & Improvement      
The company's investment 18,207,836      
Accumulated Depreciation      
Total Cost, Net of Accumulated Depreciation 18,207,836      
Encumbrances      
Balance of Portfolio [Member]        
Initial Cost - Land 1,907,178      
Initial Cost - Building & Improvement 65,127,203      
Subsequent to Acquisition 6,458,145      
Land 13,419,726      
Building & Improvement 60,072,800      
The company's investment 73,492,526      
Accumulated Depreciation 37,230,123      
Total Cost, Net of Accumulated Depreciation 36,262,403      
Encumbrances $ 11,608,413