XML 38 R26.htm IDEA: XBRL DOCUMENT v3.7.0.1
Note 2 - Operating Property Activities (Tables)
 6 Months Ended
Jun. 30, 2017
Notes Tables  
Schedule of Business Acquisitions, by Acquisition [Table Text Block]
 
 
 
 
Purchase
Price
(in thousands)
 
Property Name
Location
Month
Acquired
/
Consolidated
 
Cash
 
 
Debt
 
 
Other
Consideration*
 
 
Total
 
 
GLA*
*
 
Plantation Commons
Plantation, FL (1)(3)
Jan-17
   $
-
     $
-
     $
12,300
    $
12,300
     
60
  
Gordon Plaza
Woodbridge, VA (1)(3)
Jan-17
    
-
      
-
      
3,100
     
3,100
     
184
  
Plaza del Prado
Glenview, IL
Jan-17
    
39,063
      
-
      
-
      
39,063
      
142
 
Columbia Crossing Parcel
Columbia Crossing, MD
Jan-17
    
5,100
     
-
      
-
      
5,100
     
25
 
The District at Tustin Legacy
Tustin, CA (2)(3)
Apr-17
    
-
      
206,000
      
98,698
      
304,698
      
688
  
 
 
 
 
$
44,163
 
 
$
206,000
 
 
$
114,098
 
 
$
364,261
 
 
 
1,099
 
Summary of Ownership Interest [Table Text Block]
Property Name
 
Current
Ownership
Interest
 
 
Gain on change
in control of
interests
 
Plantation Commons
    
76.25%
     $
9,793
 
Gordon Plaza
    
40.62%
      
395
  
The District at Tustin Legacy
    
(a) 
      
60,972
  
 
 
 
 
 
 
$
71,160
 
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
Land
   $
120,645
  
Buildings
    
192,428
  
Above-market leases
    
11,697
  
Below-market leases
    
(7,129
 )
In-place leases
    
27,170
  
Building improvements
    
16,218
  
Tenant improvements
    
7,665
  
Mortgage fair value adjustment
    
(6,222
 )
Other assets
    
5,090
  
Other liabilities
    
(3,301
 )
Net assets acquired
 
$
364,261
 
 
 
Allocation as of
December 31, 2016
 
 
Allocation
Adjustments
 
 
Revised Allocation
as of
June 30
, 201
7
 
Land
   $
179,150
    $
(5,150
 )   $
174,000
 
Buildings
    
309,493
     
(30,696
 )    
278,797
 
Above-market leases
    
11,982
     
885
      
12,867
 
Below-market leases
    
(31,903
 )    
(4,716
 )    
(36,619
 )
In-place leases
    
44,094
     
(1,063
 )    
43,031
 
Building improvements
    
124,105
     
41,895
      
166,000
 
Tenant improvements
    
12,788
     
(1,155
 )    
11,633
 
Mortgage fair value adjustment
    
(4,292
 )    
-
      
(4,292
 )
Other assets
    
234
     
-
      
234
 
Other liabilities
    
(27
 )    
-
      
(27
 )
Net assets acquired
 
$
645,624
 
 
$
-
 
 
$
645,624