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Note 7 - Investments In and Advances to Real Estate Joint Ventures (Tables)
12 Months Ended
Dec. 31, 2020
Notes Tables  
Equity Method Investments [Table Text Block]
      

The Company's Investment

 
  

Ownership

  

December 31,

 

Joint Venture

 

Interest

  

2020

  

2019

 

Prudential Investment Program (1) (2)

  15.0% $175.1  $169.5 

Kimco Income Opportunity Portfolio (“KIR”) (2)

  48.6%  177.4   175.0 

Canada Pension Plan Investment Board (“CPP”) (2)

  55.0%  159.7   151.7 

Other Joint Venture Programs

 

 

Various   78.5   81.9 

Total*

     $590.7  $578.1 
Joint Venture Investments Accounted For Under The Equity Method Debt Details [Table Text Block]
  

December 31, 2020

  

December 31, 2019

 

Joint Venture

 

Mortgages and
Notes Payable,
Net

  

Weighted
Average
Interest
Rate

  

Weighted
Average
Remaining
Term
(months)*

  

 

Mortgages and
Notes Payable
, Net

  

Weighted
Average
Interest
Rate

  

Weighted
Average
Remaining
Term

(months)*

 

Prudential Investment Program

 $495.8   2.05

%

  37.2  $538.1   3.46

%

  46.8 

KIR

  536.9   3.87

%

  25.3   556.0   4.39

%

  28.4 

CPP

  84.9   3.25

%

  30.0   84.8   3.25

%

  42.0 

Other Joint Venture Programs

  423.4   3.41

%

  86.7   415.2   3.87

%

  80.9 

Total

 $1,541.0          $1,594.1         
Investments in and Advances to Affiliates [Table Text Block]
  

December 31,

 
  

2020

  

2019

 

Assets:

        

Real estate, net

 $787.1  $788.7 

Other assets

  75.3   83.6 

Total Assets

 $862.4  $872.3 

Liabilities and Members’ Capital:

        

Notes payable, net

 $91.5  $- 

Mortgages payable, net

  445.4   556.0 

Other liabilities

  17.4   16.3 

Members’ capital

  308.1   300.0 

Total Liabilities and Members' Capital

 $862.4  $872.3 
  

December 31,

 
  

2020

  

2019

 

Assets:

        

Real estate, net

 $2,549.2  $2,596.9 

Other assets

  179.0   140.3 

Total Assets

 $2,728.2  $2,737.2 

Liabilities and Members’ Capital:

        

Notes payable, net

 $199.8  $199.8 

Mortgages payable, net

  804.3   838.3 

Other liabilities

  53.6   59.5 

Noncontrolling interests

  18.3   17.7 

Members’ capital

  1,652.2   1,621.9 

Total Liabilities and Members' Capital

 $2,728.2  $2,737.2 
Schedule of Investments in and Advances to Affiliates, Schedule of Investments [Table Text Block]
  

Year Ended December 31,

 
  

2020

  

2019

  

2018

 

Revenues, net

 $173.9  $193.6  $197.2 

Operating expenses

  (49.5)  (51.0)  (53.3)

Depreciation and amortization

  (36.9)  (38.0)  (42.2)

Gain on sale of properties

  -   32.2   13.5 

Interest expense

  (23.8)  (28.2)  (33.3)

Other expense, net

  (1.6)  (1.1)  (1.5)

Net income

 $62.1  $107.5  $80.4 
  

Year Ended December 31,

 
  

2020

  

2019

  

2018

 

Revenues, net

 $282.4  $317.6  $309.1 

Operating expenses

  (101.9)  (99.4)  (92.8)

Impairment charges

  (4.4)  (39.5)  (20.7)

Depreciation and amortization

  (75.0)  (76.9)  (80.3)

Gain on sale of properties

  0.2   15.0   46.8 

Interest expense

  (31.2)  (47.1)  (46.8)

Other expense, net

  (10.8)  (14.2)  (2.9)

Net income

 $59.3  $55.5  $112.4 
Income [Member]  
Notes Tables  
Equity Method Investments [Table Text Block]
  

Year Ended December 31,

 
  

2020

  

2019

  

2018

 

Prudential Investment Program (1)

 $9.0  $10.4  $15.2 

KIR

  30.5   50.3   38.7 

CPP

  5.6   5.8   5.1 

Other Joint Venture Programs (2)

  2.3   5.7   12.6 

Total

 $47.4  $72.2  $71.6