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Real Estate Investments (Tables) | 9 Months Ended
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Sep. 30, 2018
Business Acquisition [Line Items] |
Property, Plant and Equipment [Table Text Block] | The following table details the components of Land, building and improvements in the Consolidated Balance Sheets:
(in thousands) |  | September 30, 2018 |  | December 31, 2017
Land |  | $ | 4,215,399 |  |  | 4,235,032 |
Land improvements |  | 626,787 |  |  | 556,140 |
Buildings |  | 5,126,219 |  |  | 4,999,378 |
Building and tenant improvements |  | 885,878 |  |  | 787,880 |
Total Land, building and improvements |  | $ | 10,854,283 |  |  | 10,578,430 |
Schedule of business acquisitions | The following table details the shopping centers acquired or land acquired or leased for development:
(in thousands) |  | Nine months ended September 30, 2018
Date Purchased |  | Property Name |  | City/State |  | Property Type |  | Ownership |  | Purchase Price |  | Debt Assumed, Net of Premiums |  | Intangible Assets |  | Intangible Liabilities
1/2/18 |  | Ballard Blocks I |  | Seattle, WA |  | Operating |  | 49.9% |  | $54,500 |  | — |  | 3,668 |  | 2,350
1/2/18 |  | Ballard Blocks II |  | Seattle, WA |  | Development |  | 49.9% |  | 4,000 |  | — |  | — |  | —
1/5/18 |  | The District at Metuchen |  | Metuchen, NJ |  | Operating |  | 20% |  | 33,830 |  | — |  | 3,147 |  | 1,905
1/10/18 |  | Hewlett Crossing I & II |  | Hewlett, NY |  | Operating |  | 100% |  | 30,900 |  | 9,700 |  | 3,114 |  | 1,868
4/3/2018 |  | Rivertowns Square |  | Dobbs Ferry, NY |  | Operating |  | 100% |  | 68,933 |  | — |  | 4,993 |  | 5,554
5/18/2018 |  | Crossroads Commons II |  | Boulder, CO |  | Operating |  | 20% |  | 10,500 |  | — |  | 447 |  | 769
9/7/2018 |  | Ridgewood Shopping Center |  | Raleigh, NC |  | Operating |  | 20% |  | 45,800 |  | 10,233 |  | 3,372 |  | 2,278
Total property acquisitions |  |  |  |  |  | $248,463 |  | 19,933 |  | 18,741 |  | 14,724
(in thousands) |  | Nine months ended September 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 |  | — |  | — |  | —
7/20/17 |  | Aventura Square outparcel (4) |  | Miami, FL |  | Operating |  | 100% |  | 1,750 |  | — |  | 90 |  | 9
Total property acquisitions |  |  |  |  |  | $37,800 |  | — |  | 90 |  | 9
(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.
(3) The Company purchased a 0.67 acre vacant outparcel adjacent to the Company's existing operating Concord Shopping Plaza.
(4) The Company purchased a 0.06 acre outparcel improved with a leased building adjacent to the Company's existing operating Aventura Square shopping center.
Equity One Inc. [Member] |
Business Acquisition [Line Items] |
Schedule of business acquisitions | The following table summarizes the final purchase price allocation based on the Company's valuation, including estimates and assumptions of the acquisition date fair value of the tangible and intangible assets acquired and liabilities assumed:
(in thousands) |  | Final Purchase Price Allocation
Land |  | $ | 2,865,053 |
Building and improvements |  | 2,619,163 |
Properties in development |  | 68,744 |
Properties held for sale |  | 19,600 |
Investments in unconsolidated real estate partnerships |  | 99,666 |
Real estate assets |  | 5,672,226 |
Cash, accounts receivable and other assets |  | 112,909 |
Intangible assets |  | 458,877 |
Goodwill |  | 332,384 |
Total assets acquired |  | 6,576,396 |
Notes payable |  | 757,399 |
Accounts payable, accrued expenses, and other liabilities |  | 122,217 |
Lease intangible liabilities |  | 503,675 |
Total liabilities assumed |  | 1,383,291 |
Total purchase price |  | $ | 5,193,105 |
The following table provides the components that made 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 |
Other cash payments | 721,297 |
Total purchase price | $ | 5,193,105 |
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination | The following table details the 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 / Accretion Period
Assets: |  |
In-place leases |  | 10.8
Above-market leases |  | 7.8
Below-market ground leases |  | 55.3
Liabilities: |  |
Below-market leases |  | 24.9
Business Acquisition, Pro Forma Information | 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:
|  | Three months ended September 30, |  | Nine months ended September 30,
(in thousands, except per share data) |  | 2017 |  | 2017
Total revenues |  | $ | 262,708 |  |  | $ | 788,345 |
Income from operations (1) |  | 63,537 |  |  | 190,112 |
Net income attributable to common stockholders (1) |  | 59,621 |  |  | 171,795 |
Income per common share - basic |  | 0.35 |  |  | 1.01 |
Income per common share - diluted |  | 0.35 |  |  | 1.01 |
(1) The pro forma earnings for the three and nine months ended September 30, 2017, were adjusted to exclude $1.2 million and $98.5 million of merger costs, respectively, as if they had occurred in 2016.
The pro forma financial data is not necessarily indicative of what the actual results of operations would have been assuming the transaction had been completed as set forth above, nor does it purport to represent the results of operations for future periods.

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