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Real Estate Investments (Tables) | 6 Months Ended
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Jun. 30, 2017
Business Combinations [Abstract] |
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block] | The following table details the provisional weighted average amortization and net accretion periods, in years, of the major classes of intangible assets and intangible liabilities arising from the Equity One merger:
(in years) |  | Weighted Average Amortization Period
Assets: |  |
In-place leases |  | 10.0
Above-market leases |  | 8.9
Below-market ground leases |  | 52.3
Liabilities: |  |
Acquired lease intangible liabilities |  | 22.6
Business Acquisition, Pro Forma Information [Table Text Block] | The consolidated net assets and results of operations of Equity One are included in the consolidated financial statements from the closing date, March 1, 2017, going forward and resulted in the following impact to Revenues and Net income attributable to common stockholders for the three and six months ended June 30, 2017:
|  | June 30, 2017
(in thousands) |  | Three months ended | Six months ended
Increase in total revenues | $ | 100,864 |  | 135,813 |
Increase in net income attributable to common stockholders |  | 23,695 |  | 29,464 |
The Company incurred $4.7 million and $74.4 million of merger-related transaction costs during the three and six months ended June 30, 2017, respectively, which are recorded in Other operating expenses in the accompanying Consolidated Statements of Operations. Pro forma Information The following unaudited pro forma financial data includes the incremental revenues, operating expenses, depreciation and amortization, and costs of the Equity One acquisition as if it had occurred on January 1, 2016:
|  | Pro forma (Unaudited)
|  | Three months ended June 30, |  | Six months ended June 30,
(in thousands, except per share data) |  | 2017 |  | 2016 |  | 2017 |  | 2016
Total revenues |  | $ | 261,314 |  |  | 251,107 |  |  | 526,488 |  |  | 501,149 |
Income (loss) from operations | (1) | 56,435 |  |  | 42,409 |  |  | 123,832 |  |  | (9,029 | )
Net income (loss) attributable to common stockholders | (1) | 54,624 |  |  | 36,596 |  |  | 109,434 |  |  | (20,416 | )
Income (loss) per common share - basic |  | $ | 0.32 |  |  | 0.22 |  |  | 0.64 |  |  | (0.13 | )
Income (loss) per common share - diluted |  | 0.32 |  |  | 0.22 |  |  | 0.64 |  |  | (0.12 | )
(1) The pro forma earnings for the three and six months ended June 30, 2017, were adjusted to exclude $4.7 million and $97.3 million of merger costs, respectively, while 2016 pro forma earnings were adjusted to include all merger costs during the first quarter of 2016.
Schedule of business acquisitions | The following table provides the components that make up the total purchase price for the Equity One merger:
(in thousands, except stock price) | Purchase Price
Shares of common stock issued for merger | 65,379 |
Closing stock price on March 1, 2017 | $ | 68.40 |
Value of common stock issued for merger | $ | 4,471,808 |
Debt repaid | 716,278 |
Other cash payments | 5,019 |
Total purchase price | $ | 5,193,105 |
The following table details the shopping centers acquired or land acquired or leased for development:
(in thousands) |  | Six months ended June 30, 2017
Date Purchased |  | Property Name |  | City/State |  | Property Type |  | Ownership |  | Purchase Price |  | Debt Assumed, Net of Premiums |  | Intangible Assets |  | Intangible Liabilities
3/6/17 |  | The Field at Commonwealth |  | Chantilly, VA |  | Development |  | 100% |  | $9,500 |  | — |  | — |  | —
3/8/17 |  | Pinecrest Place (1) |  | Miami, FL |  | Development |  | 100% |  | — |  | — |  | — |  | —
4/13/17 |  | Mellody Farm (2) |  | Chicago, IL |  | Development |  | 100% |  | 26,200 |  | — |  | — |  |
6/28/17 |  | Concord outparcel (3) |  | Miami, FL |  | Operating |  | 100% |  | 350 |  | — |  | — |  | —
|  |  |  |  |  | $36,050 |  | — |  | — |  | —
(1) The Company leased 10.67 acres for a ground up development.
(2) The Operating Partnership issued 195,732 partnership units valued at $13.1 million as partial consideration for the purchase price.
(3) The Company purchased a 0.67 acre vacant outparcel adjacent to the Company's existing operating Concord Shopping Plaza.
(in thousands) |  | Six months ended June 30, 2016
Date Purchased |  | Property Name |  | City/State |  | Property Type |  | Ownership |  | Purchase Price |  | Debt Assumed, Net of Premiums |  | Intangible Assets |  | Intangible Liabilities
2/22/16 |  | Garden City Park |  | Garden City Park, NY |  | Operating |  | 100% |  | $17,300 |  | — |  | 10,171 |  | 2,940
3/4/16 |  | The Market at Springwoods Village (1) |  | Houston, TX |  | Development |  | 53% |  | $17,994 |  | — |  | — |  | —
5/16/16 |  | Market Common Clarendon |  | Arlington, VA |  | Operating |  | 100% |  | $280,500 |  | — |  | 15,428 |  | 15,662
Total property acquisitions |  |  |  |  |  | $315,794 |  | — |  | 25,599 |  | 18,602
(1) Regency acquired a 53% controlling interest in the Market at Springwoods Village partnership to develop a shopping center on land contributed by the partner. As a result of consolidation, the Company recorded the partner's non-controlling interest of $8.4 million in Limited partners' interests in consolidated partnerships in the accompanying Consolidated Balance Sheets.
The following table summarizes the provisional purchase price allocation based on the Company's initial valuation, including estimates and assumptions of the acquisition date fair value of the tangible and intangible assets acquired and liabilities assumed:
(in thousands) |  | Preliminary Purchase Price Allocation
Land |  | $ | 3,019,448 |
Building and improvements |  | 2,651,506 |
Properties in development |  | 70,179 |
Properties held for sale |  | 19,600 |
Investments in unconsolidated real estate partnerships |  | 103,566 |
Real estate assets |  | 5,864,299 |
Cash, accounts receivable and other assets |  | 112,271 |
Intangible assets |  | 463,882 |
Goodwill |  | 246,619 |
Total assets acquired |  | 6,687,071 |
Notes payable |  | 757,399 |
Accounts payable, accrued expenses, and other liabilities |  | 120,616 |
Lease intangible liabilities |  | 615,951 |
Total liabilities assumed |  | 1,493,966 |
Total purchase price |  | $ | 5,193,105 |

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