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Real Estate Investments (Tables) | 12 Months Ended
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Dec. 31, 2018
Wholly Owned Properties [Member] |
Business Acquisition [Line Items] |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] |
(in thousands) |  | December 31, 2018
Date Purchased |  | Property Name |  | City/State |  | Property Type |  | Purchase Price |  | Debt Assumed, Net of Premiums |  | Intangible Assets |  | Intangible Liabilities
01/10/18 |  | Hewlett Crossing I & II |  | Hewlett, NY |  | Operating |  | $ | 30,900 |  |  | 9,700 |  |  | 3,114 |  |  | 1,868 |
04/03/18 |  | Rivertowns Square |  | Dobbs Ferry, NY |  | Operating |  | 68,933 |  |  | — |  |  | 4,993 |  |  | 5,554 |
12/14/18 |  | Pablo Plaza (1) |  | Jacksonville, FL |  | Operating |  | 1,310 |  |  | — |  |  | — |  |  | — |
12/27/18 |  | The Village at Hunter's Lake |  | Tampa, FL |  | Development |  | 1,812 |  |  | — |  |  | — |  |  | — |
12/31/18 |  | Carytown Exchange (2) |  | Richmond, VA |  | Development |  | 13,284 |  |  | — |  |  | 264 |  |  | — |
Total property acquisitions |  | $ | 116,239 |  |  | 9,700 |  |  | 8,371 |  |  | 7,422 |
(1) The Company purchased a 5,000 square foot building adjacent to the Company's existing operating Pablo Plaza for redevelopment.
(2) The Company closed on the Carytown Exchange development, with a partner contributing land valued at $13 million which is recorded within Limited partners' interest in consolidated partnerships in the accompanying Consolidated Balance Sheets. Regency is contributing the capital to fund the development, which is currently estimated to be approximately $26 million.
(in thousands) |  | December 31, 2017
Date Purchased |  | Property Name |  | City/State |  | Property Type |  | Purchase Price |  | Debt Assumed, Net of Premiums |  | Intangible Assets |  | Intangible Liabilities
03/06/17 |  | The Field at Commonwealth |  | Chantilly, VA |  | Development |  | $ | 9,500 |  |  | — |  |  | — |  |  | — |
03/08/17 |  | Pinecrest Place (1) |  | Miami, FL |  | Development |  | — |  |  | — |  |  | — |  |  | — |
04/13/17 |  | Mellody Farm (2) |  | Chicago, IL |  | Development |  | 26,200 |  |  | — |  |  | — |  |  | — |
06/28/17 |  | Concord outparcel (3) |  | Miami, FL |  | Operating |  | 350 |  |  | — |  |  | — |  |  | — |
07/20/17 |  | Aventura Square outparcel (4) |  | Miami, FL |  | Operating |  | 1,750 |  |  | — |  |  | 90 |  |  | 9 |
11/15/17 |  | Indigo Square |  | Mount Pleasant, SC |  | Development |  | 3,900 |  |  | — |  |  | — |  |  | — |
12/21/17 |  | Scripps Ranch Marketplace |  | San Diego, CA |  | Operating |  | 81,600 |  |  | 27,000 |  |  | 4,997 |  |  | 9,551 |
12/28/17 |  | Roosevelt Square |  | Seattle, WA |  | Operating |  | 68,084 |  |  | — |  |  | 3,842 |  |  | 8,002 |
Total property acquisitions |  | $ | 191,384 |  |  | 27,000 |  |  | 8,929 |  |  | 17,562 |
(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.
(4) The Company purchased a 0.06 acre outparcel improved with a leased building adjacent to the Company's existing operating Aventura Square.
Equity One Inc. [Member] |
Business Acquisition [Line Items] |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | 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 |
Other cash payments | 721,297 |
Total purchase price | $ | 5,193,105 |
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block] | 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 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 [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:
(in thousands) | Year ended December 31, 2017
Increase in total revenues | $ | 337,761 |
Increase in net income attributable to common stockholders | $ | 81,766 |
The Company incurred $80.7 million and $6.5 million, respectively, of merger-related transaction costs during the years ended December 31, 2017 and 2016, which are recorded in Other operating expenses in the accompanying Consolidated Statements of Operations, and are not reflected in the table above.
Pro Forma [Member] | Equity One Inc. [Member] |
Business Acquisition [Line Items] |
Business Acquisition, Pro Forma Information [Table Text Block] | Pro forma Information (unaudited) 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:
|  |  | Year ended December 31,
(in thousands, except per share data) |  |  | 2017 | 2016
Total revenues |  |  | $ | 1,052,221 |  | 1,006,367 |
Income from operations | (1) |  | 281,393 |  | 63,907 |
Net income attributable to common stockholders | (1) |  | 262,270 |  | 40,868 |
Income per common share - basic |  |  | 1.54 |  | 0.25 |
Income per common share - diluted |  |  | 1.54 |  | 0.25 |
(1) The pro forma earnings for the year ended December 31, 2017, were adjusted to exclude $103.6 million of merger costs, as if they had occurred during 2016.
Provisional Purchase Price Allocation [Member] | Equity One Inc. [Member] |
Business Acquisition [Line Items] |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | 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 |
Construction in progress |  | 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 |

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