EX-99.2 3 brx8k04302018ex992.htm EXHIBIT 99.2 Exhibit
Exhibit 99.2


suppcover1q18.jpg



 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SUPPLEMENTAL DISCLOSURE
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended March 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 





TABLE OF CONTENTS
 
 
 
 
 
 
 
 
 
 
 
 
Page
 
 
 
Glossary of Terms
1
 
 
 
Results Overview & Guidance
3
 
 
 
Financial Summary
 
 
 
 
 
Consolidated Balance Sheets
5
 
 
 
 
Consolidated Statements of Operations
6
 
 
 
 
EBITDA
7
 
 
 
 
Funds From Operations (FFO)
8
 
 
 
 
Supplemental Balance Sheet Detail
9
 
 
 
 
NOI & Supplemental Statement of Operations Detail
10
 
 
 
 
Same Property NOI Analysis
11
 
 
 
 
Capital Expenditures
12
 
 
 
 
Capitalization, Liquidity & Debt Ratios
13
 
 
 
 
Debt Overview
14
 
 
 
 
Summary of Outstanding Debt
15
 
 
 
 
Covenant Disclosure
16
 
 
 
Investment Summary
 
 
 
 
 
Acquisitions
18
 
 
 
 
Dispositions
19
 
 
 
 
Anchor Space Repositioning Summary
20
 
 
 
 
Outparcel Development & New Development Summary
22
 
 
 
 
Redevelopment Summary
23
 
 
 
 
Future Redevelopment Opportunities
25
 
 
 
Portfolio Summary
 
 
 
 
 
Portfolio Overview
28
 
 
 
 
Top Forty Retailers Ranked by ABR
29
 
 
 
 
New & Renewal Lease Summary
30
 
 
 
 
New Lease Net Effective Rent & Leases Signed But Not Yet Commenced
31
 
 
 
 
Lease Expiration Schedule
32
 
 
 
 
Properties by Largest US MSAs
33
 
 
 
 
Largest MSAs by ABR
35
 
 
 
 
Properties by State
38
 
 
 
 
Property List
39
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Note: Financial information is unaudited.
 
 
 
 
 
 
 
 
 
For additional information, please visit www.brixmor.com, follow Brixmor on Twitter at www.twitter.com/Brixmor or find Brixmor on LinkedIn at www.linkedin.com/company/brixmor.
 
 
 
 
 
 
 
 
This Supplemental Disclosure may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, statements related to the Company’s expectations regarding the performance of its business, its financial results, its liquidity and capital resources and other non-historical statements. You can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “approximately,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties, including those described under the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017 as such factors may be updated from time to time in our periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this document and in the Company’s filings with the SEC. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 



Supplemental Disclosure - Three Months Ended March 31, 2018

 
jpgstandardlogoa21.jpg




GLOSSARY OF TERMS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Term
 
Definition
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Anchor Spaces
 
Spaces equal to or greater than 10,000 square feet ("SF") of GLA.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Anchor Space Repositioning
 
Anchor leasing that is primarily focused on reconfiguring or significantly remerchandising existing space with minimal work required outside of normal
 
 
 
tenant improvement costs.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Annualized Base Rent ("ABR")
 
Monthly base rent as of a specified date, under leases which have been signed or commenced as of the specified date, multiplied by 12. Annualized
 
 
 
base rent (i) excludes tenant reimbursements of expenses, such as operating costs, insurance expenses and real estate taxes, (ii) excludes percentage
 
 
 
rent and ancillary income and, (iii) is calculated on a cash basis and differs from how rent is calculated in accordance with generally accepted
 
 
 
accounting principles in the United States of America (“GAAP”) for purposes of financial statements.
 
 
 
 
 
 
 
 
 
ABR PSF
 
ABR divided by leased GLA, excluding the GLA of lessee owned leasehold improvements.
 
 
 
 
 
Billed GLA
 
Aggregate GLA of all commenced leases, as of a specified date.
 
 
 
 
 
Development & Redevelopment
 
Development and redevelopment projects are deemed stabilized upon the earlier of (i) reaching approximately 90% billed or (ii) one year after the
 
Stabilization

 
property is placed in service.

 
 
 
 
 
EBITDA, EBITDAre, Adjusted EBITDA &
 
Supplemental, non-GAAP performance measures. Please see below for more information on the limitations of non-GAAP performance measures.
 
Cash Adjusted EBITDA

 
A reconciliation of net income to each of these measures is provided on page 7.
 
 
 
EBITDA is calculated as the sum of net income (loss) presented in accordance with GAAP before interest expense, federal and state taxes, and
 
 
 
depreciation and amortization. EBITDAre represents EBITDA as adjusted for (i) gain (loss) on disposition of operating properties, (ii) impairment of
 
 
 
real estate assets and real estate equity investments. Adjusted EBITDA represents EBITDAre as adjusted for gain (loss) on extinguishment of debt and
 
 
 
other items that the Company believes are not indicative of the Company's operating performance. Cash Adjusted EBITDA represents Adjusted
 
 
 
EBITDA as adjusted for straight-line rental income, amortization of above- and below-market leases and tenant inducements and straight-line ground
 
 
 
rent expense. EBITDA, EBITDAre, Adjusted EBITDA & Cash Adjusted EBITDA include the Company's unconsolidated joint venture, which was sold on
 
 
 
August 8, 2017, at pro rata share.
 
 
 
 
 
 
 
 
 
 
 
Gross Leasable Area ("GLA")
 
Represents the total amount of leasable property square footage.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Leased GLA
 
Aggregate GLA of all signed or commenced leases, as of a specified date.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
LIBOR
 
London Interbank Offered Rate.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Metropolitan Statistical Area ("MSA")
Defined by the United States Office of Management and Budget as a region associated with at least one urbanized area that has a population of at
 
 
 
least 50,000 and comprises the central county or counties containing the core, plus adjacent outlying counties having a high degree of social and
 
 
 
economic integration with the central county or counties as measured through commuting.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
NAREIT
 
National Association of Real Estate Investment Trusts.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
NAREIT Funds From Operations (“FFO")
A supplemental, non-GAAP performance measure. Please see below for more information on the limitations of non-GAAP performance measures.
 
 
 
A reconciliation of net income to NAREIT FFO is provided on page 8.
 
 
 
 
 
 
 
NAREIT defines FFO as net income (loss) presented in accordance with GAAP excluding (i) gain (loss) on disposition of operating properties, and
 
 
 
(ii) extraordinary items, plus (iii) depreciation and amortization of operating properties, (iv) impairment of operating properties and real estate equity
 
 
 
investments, and (v) after adjustments for unconsolidated joint ventures calculated to reflect FFO on the same basis.
 
 
 
 
 
 
 
 
 
 
 
Net Effective Rent
 
Average ABR over the lease term adjusted for tenant improvements and allowances, tenant specific landlord work and third party leasing commissions.
 
 
 
 
 
 
 
 
 
 
 
Net Operating Income ("NOI")
 
A supplemental, non-GAAP performance measure. Please see below for more information on the limitations of non-GAAP performance measures.
 
 
 
A reconciliation of NOI to net income is provided on page 10.
 
 
 
 
 
 
 
Calculated as total property revenues (base rent, ancillary and other, expense reimbursements, and percentage rents) less direct property operating
 
 
 
expenses (operating costs, real estate taxes and provision for doubtful accounts). NOI excludes corporate level expenses (including G&A), lease
 
 
 
termination fees, straight-line rental income, amortization of above- and below-market leases and tenant inducements, straight-line ground rent
 
 
 
expense and the Company's unconsolidated joint venture, which was sold on August 8, 2017.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
NOI Yield
 
Calculated as the projected incremental NOI as a percentage of the incremental third party costs of a specified project, net of any project specific
 
 
 
credits (i.e. lease termination income or other ancillary credits).
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Non-controlling Interests
 
Relate to the portion of Brixmor Operating Partnership LP ("OP”), a consolidated subsidiary, held by the non-controlling interest holders. As of March
 
 
 
31, 2018, the Company, through its 100% ownership of BPG Subsidiary, Inc., owns 100% of the OP.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Non-owned Major Tenant
 
Also known as a shadow anchor. Represents tenants that are situated on parcels which are owned by unrelated third parties, but, due to their location
 
 
 
within or immediately adjacent to a shopping center, appear to the consumer as a retail tenant of the shopping center and, as a result, attract
 
 
 
additional consumer traffic to the center.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Outparcel
 
Refers to a portion of a shopping center, separate from the main retail buildings and generally located on the outer edge of a property, which may
 
 
 
currently, or in the future, contain one or several freestanding buildings.
 
 
 
 
 
 
 
 
 
 
 
Percent Billed
 
Billed GLA as a percentage of total GLA.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Percent Leased
 
Leased GLA as a percentage of total GLA.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PSF
 
Per square foot of GLA.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Redevelopment
 
Larger scale projects that typically involve new construction, reconfiguration or demolition of a portion of the shopping center to accommodate
 
 
 
new retailers.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Rent Spread
 
Represents percentage change in cash ABR PSF in the first year of the new lease relative to cash ABR PSF in the last year of the old lease. Rent
 
 
 
spreads are presented only for leases deemed comparable.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
New Rent Spread
 
Includes new leases executed on units that were occupied within the prior 12 months. New leases signed on units that have been vacant for
 
 
 
longer than 12 months and new leases signed on first generation space are non-comparable and excluded from New Rent Spreads.
 
 
 
 
 
 
 
 
 
 
 
Renewal Rent Spread
 
Includes renewal leases executed with the same tenant in the same location to extend the term of an expiring lease. Renewals that include the
 
 
 
expansion of an existing tenant into space that has been vacant for longer than 12 months are non-comparable and excluded from Renewal
 
 
 
Rent Spreads.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Option Rent Spread
 
Includes contractual renewal options exercised by tenants in the same location to extend the term of an expiring lease.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Rent Spread
 
Combined spreads for new, renewal and option leases.
 
 
 
 
 
 
 
 

Supplemental Disclosure - Three Months Ended March 31, 2018
Page 1
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GLOSSARY OF TERMS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Term
 
Definition
 
 
 
 
 
 
 
 
 
 
Same Property NOI
 
A supplemental, non-GAAP performance measure. Please see below for more information on the limitations of non-GAAP performance measures.
 
 
 
A reconciliation of same property NOI to net income is provided on page 11.
 
 
 
 
 
 
 
Represents NOI of properties owned for the entirety of both periods excluding properties under development. Same Property NOI excludes income
 
 
 
or expense associated with the Company's captive insurance entity.
 
 
 
 
 
 
 
 
 
 
 
 
 
Number of Properties in Same Property NOI Analysis:
 
 
 
 
 
 
 
 
 
 
 
As of 3/31/18
 
 
 
 
 
 
Total properties in Brixmor Property Group portfolio
 
480
 
 
 
 
 
 
 
Acquired properties excluded from same property NOI
 
(4)
 
 
 
 
 
 
 
Additional exclusions
 
(2)
 
 
 
 
 
 
 
Same property NOI pool
 
474
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
In process redevelopment properties (includes multi-phase projects)
 
(13)
 
 
 
 
 
 
 
Completed redevelopment properties
 
(4)
 
 
 
 
 
 
 
Total redevelopment properties
 
(17)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Same property NOI excluding redevelopments pool
 
457
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Small Shop Spaces
 
Spaces less than 10,000 SF of GLA.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Straight-line Rent
 
Non-cash revenue related to GAAP requirement to average the tenant's contractual rent payments over the life of the lease, regardless of the actual
 
 
 
cash collected in the reporting period.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year Built
 
Year of most recent redevelopment or year built if no redevelopment has occurred.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Non-GAAP Performance Measures
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The Company's non-GAAP performance measures have limitations as they do not include all items of income and expense that affect operations, and accordingly, should always be
 
considered as supplemental financial results to those presented in accordance with GAAP.
 
 
 
 
 
Non-GAAP performance measures should not be considered as alternatives to, or more meaningful than, net income (presented in accordance with GAAP) or other GAAP financial measures
 
as indicators of financial performance and are not alternatives to, or more meaningful than, cash flow from operating activities (presented in accordance with GAAP) as a measure of liquidity.
 
Computation of non-GAAP performance measures may differ in certain respects from the methodology utilized by other REITs and, therefore, may not be comparable to similarly titled
 
measures presented by such other REITs. Investors are cautioned that items excluded from non-GAAP performance measures are relevant to understanding and addressing financial
 
performance.
 
 
 
 
 
 
 
 
 
 
 
The Company believes that the non-GAAP measures it presents are useful to investors for the following reasons:
 
 
 
 
 
  • NAREIT FFO
 
By excluding gains and losses related to dispositions of previously depreciated operating properties, real estate-related depreciation and amortization
 
 
 
of continuing operations, impairment of operating properties and real estate equity investments, extraordinary items, and after adjustments for joint
 
 
 
ventures calculated to reflect FFO on the same basis, investors can compare the operating performance of a company’s real estate between periods.
 
 
 
 
 
 
 
 
 
 
 
  • EBITDA, EBITDAre, Adjusted
 
By excluding various items that the Company believes are not indicative of its operating performance, EBITDA, EBITDAre, Adjusted EBITDA & Cash
 
       EBITDA & Cash Adjusted EBITDA

 
Adjusted EBITDA provide a meaningful performance measure as it relates to the Company's ability to meet various coverage tests.
 
 
 
 
 
 
 
 
 
 
 
  • NOI and Same Property NOI
 
Same property NOI eliminates disparities in NOI due to the acquisition, disposition or stabilization of development properties during the period
 
 
 
presented, and therefore, provides a more consistent metric for comparing the operating performance of a company's real estate between periods.

Supplemental Disclosure - Three Months Ended March 31, 2018
Page 2
jpgstandardlogoa21.jpg


RESULTS OVERVIEW & GUIDANCE
 
 
 
 
 
 
 
 
 
 
Unaudited, dollars in thousands, except per share and per square foot amounts
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended
 
 
 
 
 
 
 
Summary Financial Results
 
3/31/18
 
3/31/17
 
 
 
 
 
 
 
 
Total revenues (page 6)
 
$
317,175

 
$
325,806

 
 
 
 
 
 
 
 
Net income attributable to common stockholders (page 6)
 
61,022

 
71,579

 
 
 
 
 
 
 
 
Net income attributable to common stockholders - per diluted share (page 6)
 
0.20

 
0.23

 
 
 
 
 
 
 
 
Adjusted EBITDA (page 7)
 
211,993

 
220,729

 
 
 
 
 
 
 
 
Cash Adjusted EBITDA (page 7)
 
202,871

 
208,058

 
 
 
 
 
 
 
 
NAREIT FFO (page 8)
 
154,828

 
161,555

 
 
 
 
 
 
 
 
NAREIT FFO per share/OP Unit - diluted (page 8)
 
0.51

 
0.53

 
 
 
 
 
 
 
 
 
Items that impact FFO comparability, net per share (page 8)
 
(0.00
)
 
(0.00
)
 
 
 
 
 
 
 
 
Share/OP Unit Dividends declared per share/OP Unit (page 8)
 
0.275

 
0.260

 
 
 
 
 
 
 
 
Share/OP Unit Dividend payout ratio (as % of NAREIT FFO) (page 8)
 
53.8
%
 
49.1
%
 
 
 
 
 
 
 
 
NOI (page 10)
 
222,892

 
227,454

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended
 
Summary Operating and Financial Ratios
 
3/31/18
 
12/31/17
 
9/30/17
 
6/30/17
 
3/31/17
 
 
NOI margin (page 10)
 
72.7
%
 
74.1
%
 
74.6
%
 
74.3
%
 
72.8
%
 
 
Same property NOI growth (page 11) (1)
 
0.7
%
 
3.6
%
 
1.5
%
 
1.3
%
 
3.2
%
 
 
Fixed charge coverage (page 13)
 
3.5x

 
3.6x

 
3.5x

 
3.5x

 
3.6x

 
 
Net principal debt to Adjusted EBITDA (page 13) (2)
 
6.6x

 
6.4x

 
6.5x

 
6.4x

 
6.6x

 
 
Net principal debt to Cash Adjusted EBITDA (page 13) (2)
 
6.8x

 
6.8x

 
6.8x

 
6.9x

 
7.0x

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding Classes of Stock
 
As of 3/31/18
 
As of 12/31/17
 
As of 9/30/17
 
As of 6/30/17
 
As of 3/31/17
 
 
Common shares outstanding (page 13)
 
302,826

 
304,620

 
304,937

 
304,936

 
304,893

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Summary Portfolio Statistics (3)
 
As of 3/31/18
 
As of 12/31/17
 
As of 9/30/17
 
As of 6/30/17
 
As of 3/31/17
 
 
Number of properties (page 28)
 
480

 
486

 
498

 
507

 
510

 
 
Percent billed (page 28)
 
89.8
%
 
90.3
%
 
89.6
%
 
89.9
%
 
90.4
%
 
 
Percent leased (page 28)
 
92.1
%
 
92.2
%
 
91.6
%
 
92.0
%
 
92.5
%
 
 
ABR PSF (page 28)
 
$
13.61

 
$
13.47

 
$
13.28

 
$
13.21

 
$
13.12

 
 
New lease rent spread (page 30)
 
36.7
%
 
42.7
%
 
20.7
%
 
36.1
%
 
36.7
%
 
 
New & renewal lease rent spread (page 30)
 
16.7
%
 
16.0
%
 
12.7
%
 
16.8
%
 
16.4
%
 
 
Total - new, renewal & option lease rent spread (page 30)
 
14.5
%
 
13.9
%
 
10.2
%
 
13.7
%
 
13.4
%
 
 
Total - new, renewal & option GLA (page 30)
 
2,745,080

 
2,918,966

 
3,419,078

 
2,896,416

 
2,664,063

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2018 Guidance
 
Current
 
Previous
(at 12/31/17)
 
YTD
 
 
 
 
 
 
NAREIT FFO per diluted share (4)(5)
 
$1.95 - $2.04

 
$1.95 - $2.04

 
$
0.51

 
 
 
 
 
 
Same property NOI growth
 
1.00% - 1.50%

 
1.00% - 1.50%

 
0.7
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Reflects same property NOI as reported for the specified period.
(2) For purposes of financial ratios, Adjusted EBITDA and Cash Adjusted EBITDA are annualized based on current quarter results.
(3) Reflects portfolio statistics as reported for the specified period.
(4) Does not include any expectations of one-time items, including, but not limited to, litigation, investigative and other non-routine legal expenses.
(5) Includes prospective capital recycling.






Supplemental Disclosure - Three Months Ended March 31, 2018
Page 3
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FINANCIAL SUMMARY
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Supplemental Disclosure
Three Months Ended March 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 





CONSOLIDATED BALANCE SHEETS
 
 
 
Unaudited, dollars in thousands, except share information
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of
 
As of
 
 
 
 
 
3/31/18
 
12/31/17
 
Assets
 
 
 
 
 
Real estate
 
 
 
 
 
 
Land
$
1,962,364

 
$
1,984,309

 
 
 
Buildings and tenant improvements
8,063,402

 
8,063,871

 
 
 
Construction in progress
58,356

 
81,214

 
 
 
Lease intangibles
774,344

 
792,097

 
 
 
 
 
10,858,466

 
10,921,491

 
 
 
Accumulated depreciation and amortization
(2,405,579
)
 
(2,361,070
)
 
 
Real estate, net
8,452,887

 
8,560,421

 
 
Cash and cash equivalents
27,332

 
56,938

 
 
Restricted cash
65,437

 
53,839

 
 
Marketable securities
27,063

 
28,006

 
 
Receivables, net of allowance for doubtful accounts of $17,498 and $17,205
219,312

 
232,111

 
 
Deferred charges and prepaid expenses, net
145,421

 
147,508

 
 
Other assets
50,406

 
75,103

 
Total assets
$
8,987,858

 
$
9,153,926

 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
Debt obligations, net
$
5,622,111

 
$
5,676,238

 
 
Accounts payable, accrued expenses and other liabilities
504,171

 
569,340

 
Total liabilities
6,126,282

 
6,245,578

 
 
 
 
 
 
 
 
 
Equity
 
 
 
 
 
Common stock, $0.01 par value; authorized 3,000,000,000 shares;
 
 
 
 
 
 
305,075,180 and 304,947,144 shares issued and 302,826,470 and 304,620,186 shares outstanding
3,028

 
3,046

 
 
Additional paid-in capital
3,301,482

 
3,330,466

 
 
Accumulated other comprehensive income
28,898

 
24,211

 
 
Distributions in excess of net income
(471,832
)
 
(449,375
)
 
Total equity
2,861,576

 
2,908,348

 
Total liabilities and equity
$
8,987,858

 
$
9,153,926





Supplemental Disclosure - Three Months Ended March 31, 2018
Page 5
jpgstandardlogoa21.jpg




CONSOLIDATED STATEMENTS OF OPERATIONS
Unaudited, dollars in thousands, except per share amounts
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended
 
 
 
 
 
3/31/18
 
3/31/17
 
 
 
 
 
 
 
 
 
Revenues
 
 
 
 
 
Rental income
$
243,345

 
$
249,621

 
 
Expense reimbursements
70,878

 
73,190

 
 
Other revenues
2,952

 
2,995

 
Total revenues
317,175

 
325,806

 
 
 
 
 
 
 
 
 
Operating expenses
 
 
 
 
 
Operating costs
35,490

 
37,425

 
 
Real estate taxes
45,725

 
46,467

 
 
Depreciation and amortization
90,383

 
93,931

 
 
Provision for doubtful accounts
2,415

 
1,050

 
 
Impairment of real estate assets
15,902

 
5,686

 
 
General and administrative
22,426

 
20,957

 
Total operating expenses
212,341

 
205,516

 
 
 
 
 
 
 
 
 
Other income (expense)
 
 
 
 
 
Dividends and interest
96

 
73

 
 
Interest expense
(55,171
)
 
(55,731
)
 
 
Gain on sale of real estate assets
11,448

 
8,805

 
 
Loss on extinguishment of debt
(132
)
 
(1,262
)
 
 
Other
(53
)
 
(707
)
 
Total other expense
(43,812
)
 
(48,822
)
 
 
 
 
 
 
 
 
 
Income before equity in income of unconsolidated joint venture
61,022

 
71,468

 
Equity in income of unconsolidated joint venture

 
187

 
Net income
61,022

 
71,655

 
Net income attributable to non-controlling interests

 
(76
)
 
Net income attributable to common stockholders
$
61,022

 
$
71,579

 
 
 
 
 
 
 
 
 
Per common share:
 
 
 
 
 
Net income attributable to common stockholders:
 
 
 
 
 
 
Basic
$
0.20

 
$
0.23

 
 
 
Diluted
$
0.20

 
$
0.23

 
 
Weighted average shares:
 
 
 
 
 
 
Basic
304,158

 
304,569

 
 
 
Diluted
304,278

 
304,795





Supplemental Disclosure - Three Months Ended March 31, 2018
Page 6
jpgstandardlogoa21.jpg




EBITDA
Unaudited, dollars in thousands
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended
 
 
 
 
 
3/31/18
 
3/31/17
 
 
 
 
 
 
 
 
 
Net income
$
61,022

 
$
71,655

 
 
Interest expense
55,171

 
55,731

 
 
Federal and state taxes
214

 
1,009

 
 
Depreciation and amortization - continuing operations
90,383

 
93,931

 
 
Depreciation and amortization - unconsolidated joint venture

 
17

 
EBITDA
206,790

 
222,343

 
 
Gain on disposition of operating properties
(11,448
)
 
(8,805
)
 
 
Impairment of real estate assets
15,902

 
5,686

 
EBITDAre
$
211,244

 
$
219,224

 
 
 
 
 
 
 
 
 
EBITDAre
$
211,244

 
$
219,224

 
 
Litigation and other non-routine legal expenses
584

 
243

 
 
Loss on extinguishment of debt
132

 
1,262

 
 
Transaction expenses
33

 

 
 
Total adjustments
749

 
1,505

 
Adjusted EBITDA
$
211,993

 
$
220,729

 
 
 
 
 
 
 
Adjusted EBITDA
$
211,993

 
$
220,729

 
 
Straight-line rental income, net (1)
(3,097
)
 
(5,251
)
 
 
Amortization of above- and below-market leases and tenant inducements, net (2)
(6,055
)
 
(7,461
)
 
 
Straight-line ground rent expense (3)
30

 
41

 
 
Total adjustments
(9,122
)
 
(12,671
)
 
Cash Adjusted EBITDA
$
202,871

 
$
208,058

 
 
 
 
 
 
 
 
(1) Includes unconsolidated joint venture Montecito Marketplace straight-line rental income, net of $1 at pro rata share for the three months ended March 31, 2017. Montecito Marketplace was sold on August 8, 2017.
(2) Includes unconsolidated joint venture Montecito Marketplace amortization of above- and below-market leases and tenant inducements of $7 at pro rata share for the three months ended March 31, 2017. Montecito Marketplace was sold on August 8, 2017.
(3) Straight-line ground rent expense is included in Operating costs on the Consolidated Statements of Operations.


Supplemental Disclosure - Three Months Ended March 31, 2018
Page 7
jpgstandardlogoa21.jpg




FUNDS FROM OPERATIONS (FFO)
Unaudited, dollars in thousands, except per share amounts
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended
 
 
 
 
 
3/31/18
 
3/31/17
 
 
 
 
 
 
 
 
 
Net income
$
61,022

 
$
71,655

 
 
Gain on disposition of operating properties
(11,448
)
 
(8,805
)
 
 
Depreciation and amortization- real estate related- continuing operations
89,352

 
93,002

 
 
Depreciation and amortization- real estate related- unconsolidated joint venture

 
17

 
 
Impairment of operating properties
15,902

 
5,686

 
NAREIT FFO
$
154,828

 
$
161,555

 
 
 
 
 
 
 
 
 
NAREIT FFO per share/OP Unit - diluted
$
0.51

 
$
0.53

 
Weighted average shares/OP Units outstanding - basic and diluted
304,278

 
305,114

 
 
 
 
 
 
 
 
 
Items that impact FFO comparability
 
 
 
 
 
Litigation and other non-routine legal expenses
$
(584
)
 
$
(243
)
 
 
Loss on extinguishment of debt
(132
)
 
(1,262
)
 
 
Transaction expenses
(33
)
 

 
Total items that impact FFO comparability
$
(749
)
 
$
(1,505
)
 
Items that impact FFO comparability, net per share
$
(0.00
)
 
$
(0.00
)
 
 
 
 
 
 
 
 
 
Additional Disclosures
 
 
 
 
 
Straight-line rental income, net (1)
$
3,097

 
$
5,251

 
 
Amortization of above- and below-market leases and tenant inducements, net (2)
6,055

 
7,461

 
 
Straight-line ground rent expense (3)
(30
)
 
(41
)
 
 
 
 
 
 
 
 
 
Dividends declared per share/OP Unit
$
0.275

 
$
0.260

 
Share/OP Unit dividends declared
$
83,277

 
$
79,272

 
Share/OP Unit dividend payout ratio (as % of NAREIT FFO)
53.8
%
 
49.1
%
 
 
 
 
 
 
 
 
(1) Includes unconsolidated joint venture Montecito Marketplace straight-line rental income, net of $1 at pro rata share for the three months ended March 31, 2017. Montecito Marketplace was sold on August 8, 2017.
(2) Includes unconsolidated joint venture Montecito Marketplace amortization of above- and below-market leases and tenant inducements of $7 at pro rata share for the three months ended March 31, 2017. Montecito Marketplace was sold on August 8, 2017.
(3) Straight-line ground rent expense is included in Operating costs on the Consolidated Statements of Operations.






Supplemental Disclosure - Three Months Ended March 31, 2018
Page 8
jpgstandardlogoa21.jpg




SUPPLEMENTAL BALANCE SHEET DETAIL
Unaudited, dollars in thousands
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of
 
As of
 
 
 
 
 
3/31/18
 
12/31/17
 
 
 
 
 
 
 
 
 
Receivables, net
 
 
 
 
 
Straight-line rent receivable
$
121,577

 
$
118,972

 
 
Tenant receivables
90,602

 
95,447

 
 
Allowance for doubtful accounts
(17,498
)
 
(17,205
)
 
 
Insurance receivable (1)
19,461

 
28,000

 
 
Other
5,170

 
6,897

 
 
Total receivables, net
$
219,312

 
$
232,111

 
 
 
 
 
 
 
 
 
Deferred charges and prepaid expenses, net
 
 
 
 
 
Deferred charges, net
$
125,263

 
$
127,778

 
 
Prepaid expenses, net
20,158

 
19,730

 
 
Total deferred charges and prepaid expenses, net
$
145,421

 
$
147,508

 
 
 
 
 
 
 
 
 
Other assets
 
 
 
 
 
Interest rate swaps
$
29,193

 
$
24,420

 
 
Furniture, fixtures and leasehold improvements, net
18,301

 
18,341

 
 
Real estate assets held for sale

 
27,081

 
 
Other
2,912

 
5,261

 
 
Total other assets
$
50,406

 
$
75,103

 
 
 
 
 
 
 
 
 
Accounts payable, accrued expenses and other liabilities
 
 
 
 
 
Accounts payable and other accrued expenses
$
183,870

 
$
229,517

 
 
Below market leases, net
171,516

 
181,806

 
 
Dividends payable
84,912

 
85,597

 
 
Accrued litigation (1)
19,461

 
28,000

 
 
Other
44,412

 
44,420

 
 
Total accounts payable, accrued expenses and other liabilities
$
504,171

 
$
569,340

 
 
 
 
 
 
 
 
(1) The Company entered into a settlement agreement to settle a class action lawsuit filed in March 2016. The agreed upon settlement amount is within the coverage amount of the Company’s applicable insurance policies. For additional information, refer to Form 10-K, filed with the Securities and Exchange Commission on February 12, 2018.




Supplemental Disclosure - Three Months Ended March 31, 2018
Page 9
jpgstandardlogoa21.jpg




NOI & SUPPLEMENTAL STATEMENT OF OPERATIONS DETAIL
Unaudited, dollars in thousands
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended
 
 
 
 
 
3/31/18
 
3/31/17
 
Net Operating Income Detail (1)
 
 
 
 
 
Base rent
$
228,687

 
$
232,614

 
 
Ancillary and other
3,975

 
3,637

 
 
Expense reimbursements
70,878

 
73,190

 
 
Percentage rents
2,952

 
2,914

 
 
Operating costs
(35,460
)
 
(37,384
)
 
 
Real estate taxes
(45,725
)
 
(46,467
)
 
 
Provision for doubtful accounts
(2,415
)
 
(1,050
)
 
Net operating income
$
222,892

 
$
227,454

 
 
 
 
 
 
 
 
 
Operating Ratios
 
 
 
 
 
NOI margin (NOI / revenues)
72.7
%
 
72.8
%
 
 
Expense recovery ratio (expense reimbursements / (operating costs + real estate taxes))
87.3
%
 
87.3
%
 
 
 
 
 
 
 
 
 
Reconciliation of Net Operating Income to Net Income Attributable to Common Stockholders
 
 
 
 
Net operating income
$
222,892

 
$
227,454

 
 
Lease termination fees
1,531

 
666

 
 
Straight-line rental income, net
3,097

 
5,250

 
 
Amortization of above- and below-market leases and tenant inducements, net
6,055

 
7,454

 
 
Fee income

 
81

 
 
Straight-line ground rent expense (2)
(30
)
 
(41
)
 
 
Depreciation and amortization
(90,383
)
 
(93,931
)
 
 
Impairment of real estate assets
(15,902
)
 
(5,686
)
 
 
General and administrative
(22,426
)
 
(20,957
)
 
 
Total other expense
(43,812
)
 
(48,822
)
 
 
Equity in income of unconsolidated joint venture

 
187

 
 
Net income attributable to non-controlling interests

 
(76
)
 
Net income attributable to common stockholders
$
61,022

 
$
71,579

 
 
 
 
 
 
 
 
 
Supplemental Statement of Operations Detail
 
 
 
 
Rental income
 
 
 
 
 
Base rent
$
228,687

 
$
232,614

 
 
Lease termination fees
1,531

 
666

 
 
Straight-line rental income, net
3,097

 
5,250

 
 
Amortization of above- and below-market leases and tenant inducements, net
6,055

 
7,454

 
 
Ancillary and other
3,975

 
3,637

 
 
Total rental income
$
243,345

 
$
249,621

 
 
 
 
 
 
 
 
 
Other revenues
 
 
 
 
 
Percentage rents
$
2,952

 
$
2,914

 
 
Fee income

 
81

 
 
Total other revenues
$
2,952

 
$
2,995

 
 
 
 
 
 
 
 
 
Other (income) expense
 
 
 
 
 
Interest expense
 
 
 
 
 
 
Mortgage, note and other interest
$
44,482

 
$
43,521

 
 
 
Unsecured credit facility and term loan interest
10,613

 
13,040

 
 
 
Capitalized interest
(654
)
 
(946
)
 
 
 
Deferred financing cost amortization
1,682

 
1,800

 
 
 
Debt premium amortization, net
(952
)
 
(1,684
)
 
 
 
Total interest expense
$
55,171

 
$
55,731

 
 
 
 
 
 
 
 
 
 
Other
 
 
 
 
 
 
Federal and state taxes
$
214

 
$
1,009

 
 
 
Other
(161
)
 
(302
)
 
 
 
Total other
$
53

 
$
707

 
 
 
 
 
 
 
 
 
Additional G&A Disclosures
 
 
 
 
 
Equity based compensation
2,484

 
2,126

 
 
Capitalized direct leasing compensation costs
3,602

 
3,625

 
 
Capitalized direct construction compensation costs
2,224

 
2,103

 
 
 
 
 
 
 
 
(1) NOI excludes unconsolidated joint venture Montecito Marketplace NOI of $210 at pro rata share for the three months ended March 31, 2017. Montecito Marketplace was sold on August 8, 2017.
(2) Straight-line ground rent expense is included in Operating costs on the Consolidated Statements of Operations.

Supplemental Disclosure - Three Months Ended March 31, 2018
Page 10
jpgstandardlogoa21.jpg




SAME PROPERTY NOI ANALYSIS
Unaudited, dollars in thousands
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended
 
 
 
 
 
 
 
 
3/31/18
 
3/31/17
 
Change
 
Same Property NOI Analysis
 
 
 
 
 
 
 
Number of properties
 
474

 
474

 
 
Percent billed
 
89.8
%
 
90.5
%
 
(0.7%)
 
Percent leased
 
92.1
%
 
92.6
%
 
(0.5%)
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
 
 
 
 
 
 
 
Base rent
 
$
223,987

 
$
221,068

 
 
 
 
Ancillary and other
 
3,885

 
3,482

 
 
 
 
Expense reimbursements
 
68,637

 
70,140

 
 
 
 
Percentage rents
 
2,950

 
2,885

 
 
 
 
 
 
 
 
299,459

 
297,575

 
0.6%
 
Operating expenses
 
 
 
 
 
 
 
 
Operating costs
 
(34,523
)
 
(35,384
)
 
 
 
 
Real estate taxes
 
(44,408
)
 
(44,557
)
 
 
 
 
Provision for doubtful accounts
 
(2,286
)
 
(917
)
 
 
 
 
 
 
 
 
(81,217
)
 
(80,858
)
 
0.4%
 
Same property NOI
 
$
218,242

 
$
216,717

 
0.7%
 
 
 
 
 
 
 
 
 
 
 
 
Same property NOI excluding redevelopments (1)
 
$
202,586

 
$
201,285

 
0.6%
 
 
 
 
 
 
 
 
 
 
 
 
NOI margin
 
72.9
%
 
72.8
%
 
 
 
Expense recovery ratio
 
87.0
%
 
87.7
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Percent contribution to same property NOI growth:
 
 
 
 
 
 
 
 
 
 
 
 
Change
 
Percent Contribution
 
 
 
 
Base rent
 
$
2,919

 
1.3%
 
 
 
 
Ancillary and other
 
403

 
0.2%
 
 
 
 
Net recoveries
 
(493
)
 
(0.2%)
 
 
 
 
Percentage rents
 
65

 
0.0%
 
 
 
 
Provision for doubtful accounts
 
(1,369
)
 
(0.6%)
 
 
 
 
 
 
 
 
 
 
0.7%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Reconciliation of Net Income Attributable to Common Stockholders to Same Property NOI
 
 
 
Same property NOI
 
$
218,242

 
$
216,717

 
 
 
Adjustments:
 
 
 
 
 
 
 
 
Non-same property NOI
 
4,650

 
10,737

 
 
 
 
Lease termination fees
 
1,531

 
666

 
 
 
 
Straight-line rental income, net
 
3,097

 
5,250

 
 
 
 
Amortization of above- and below-market leases and tenant inducements, net
 
6,055

 
7,454

 
 
 
 
Fee income
 

 
81

 
 
 
 
Straight-line ground rent expense
 
(30
)
 
(41
)
 
 
 
 
Depreciation and amortization
 
(90,383
)
 
(93,931
)
 
 
 
 
Impairment of real estate assets
 
(15,902
)
 
(5,686
)
 
 
 
 
General and administrative
 
(22,426
)
 
(20,957
)
 
 
 
 
Total other expense
 
(43,812
)
 
(48,822
)
 
 
 
 
Equity in income of unconsolidated joint venture
 

 
187

 
 
 
 
Net income attributable to non-controlling interests
 

 
(76
)
 
 
 
Net income attributable to common stockholders
 
$
61,022

 
$
71,579

 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Redevelopments include only in process projects and projects completed in the last comparable period. See page 2 for reconciliation.



Supplemental Disclosure - Three Months Ended March 31, 2018
Page 11
jpgstandardlogoa21.jpg




CAPITAL EXPENDITURES
 
 
Unaudited, dollars in thousands
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended
 
Three Months Ended
 
 
 
 
 
3/31/18
 
3/31/17
 
 
 
 
 
 
 
 
 
Leasing related:
 
 
 
 
 
Tenant improvements and tenant inducements
$
20,423

 
$
21,483

 
 
External leasing commissions
3,033

 
1,967

 
 
 
 
 
23,456

 
23,450

 
 
 
 
 
 
 
 
 
Value-enhancing:
 
 
 
 
 
Anchor space repositionings
10,793

 
3,918

 
 
Outparcel developments
1,103

 
1,659

 
 
Redevelopments
13,002

 
12,209

 
 
New development
2,729

 
867

 
 
Other (1)
812

 

 
 
 
 
 
28,439

 
18,653

 
 
 
 
 
 
 
 
 
Maintenance capital expenditures
3,630

 
2,578

 
 
 
 
 
 
 
 
 
 
 
 
 
$
55,525

 
$
44,681

 
 
 
 
 
 
 
 
(1) Includes, but is not limited to, minor value-enhancing projects, LED lighting upgrades and solar array installations.
 
 
 
Includes unconsolidated joint venture, Montecito Marketplace, at pro rata share. Montecito Marketplace was sold on August 8, 2017.
 
 
 




Supplemental Disclosure - Three Months Ended March 31, 2018
Page 12
jpgstandardlogoa21.jpg




CAPITALIZATION, LIQUIDITY & DEBT RATIOS
 
 
 
 
Unaudited, dollars and shares in thousands except per share amounts
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of
 
As of
 
 
 
 
 
 
 
 
 
 
3/31/18
 
12/31/17
 
 
Equity Capitalization:
 
 
 
 
 
 
 
 
 
 
Common shares outstanding
 
 
 
 
302,826

 
304,620

 
 
 
Common share price
 
 
 
 
$
15.25

 
$
18.66

 
 
Total equity capitalization
 
 
 
 
$
4,618,097

 
$
5,684,209

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Debt:
 
 
 
 
 
 
 
 
 
 
 
Term loans
 
 
 
 
$
1,535,000

 
$
1,585,000

 
 
 
Unsecured notes
 
 
 
 
3,218,453

 
3,218,453

 
 
 
Secured mortgages
 
 
 
 
897,859

 
902,717

 
 
Total principal debt
 
 
 
 
5,651,312

 
5,706,170

 
 
Add: Net unamortized premium
 
 
 
 
884

 
1,836

 
 
Less: Deferred financing fees
 
 
 
 
(30,085
)
 
(31,768
)
 
 
Total debt
 
 
 
 
5,622,111

 
5,676,238

 
 
Less: cash, cash equivalents and restricted cash
 
 
 
 
(92,769
)
 
(110,777
)
 
 
Net debt
 
 
 
 
$
5,529,342

 
$
5,565,461

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total market capitalization:
 
 
 
 
$
10,147,439

 
$
11,249,670

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liquidity:
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents and restricted cash
 
 
 
 
$
92,769

 
$
110,777

 
 
 
Available under revolving credit facility (1)
 
 
 
 
1,249,329

 
1,249,329

 
 
 
 
 
 
 
 
 
 
$
1,342,098

 
$
1,360,106

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ratios:
 
 
 
 
 
 
 
 
 
 
Principal debt to total market capitalization
 
 
 
 
55.7
%
 
50.7
%
 
 
 
Principal debt to total assets, before depreciation
 
 
 

49.6
%
 
49.6
%
 
 
 
Secured principal debt to total assets, before depreciation
 
 
 
7.9
%
 
7.8
%
 
 
 
Net principal debt to Adjusted EBITDA (2)
 
 
 
 
6.6x

 
6.4x

 
 
 
Net principal debt to Cash Adjusted EBITDA (2)
 
 
 
 
6.8x

 
6.8x

 
 
 
Unencumbered assets to unsecured debt
 
 
 
 
1.9x

 
1.9x

 
 
 
Interest coverage (Adjusted EBITDA / interest expense) (2)
 
 
 
3.8x

 
3.9x

 
 
 
Debt service coverage (Adjusted EBITDA / (interest expense + scheduled principal payments)) (2)
3.5x

 
3.6x

 
 
 
Fixed charge coverage (Adjusted EBITDA / (interest expense + scheduled principal payments +
 
 
 
 
 
 
 
 
 
 
preferred dividends)) (2)
 
 
 
 
3.5x

 
3.6x

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of
 
As of
 
 
 
 
 
 
 
 
 
 
3/31/18
 
12/31/17
 
 
 
Percentage of total debt:
 
 
 
 
 
 
 
 
 
 
 
Fixed
 
 
 
 
97.6
%
 
96.8
%
 
 
 
 
Variable
 
 
 
 
2.4
%
 
3.2
%
 
 
 
Unencumbered summary:
 
 
 
 
 
 
 
 
 
 
 
Percent of properties
 
 
 
 
75.0
%
 
75.3
%
 
 
 
 
Percent of ABR
 
 
 
 
78.9
%
 
79.0
%
 
 
 
 
Percent of NOI
 
 
 
 
79.3
%
 
79.5
%
 
 
 
Weighted average maturity (years):
 
 
 
 
 
 
 
 
 
 
 
Fixed
 
 
 
 
4.9

 
5.1

 
 
 
 
Variable
 
 
 
 
6.3

 
6.6

 
 
 
 
Total
 
 
 
 
5.0

 
5.2

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Credit Ratings & Outlook:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fitch Ratings
BBB-
 Stable
 
 
 
 
 
 
Moody's Investors Service
Baa3
 Stable
 
 
 
 
 
 
Standard & Poor's Ratings Services
BBB-
 Stable
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Funds available under the revolving credit facility are reduced by an outstanding letter of credit of $671.
 
 
 
 
(2) For purposes of financial ratios, Adjusted EBITDA and Cash Adjusted EBITDA are annualized based on the current quarter results.
 

Supplemental Disclosure - Three Months Ended March 31, 2018
Page 13
jpgstandardlogoa21.jpg




DEBT OVERVIEW
 
 
 
 
 
 
 
 
 
 
 
 
 
Unaudited, dollars in thousands
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Maturity Schedule - Debt obligations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
 
Scheduled Amortization

 
Scheduled Maturities

 
Total

 
Weighted Avg Stated Interest Rate

 
 
 
 
 
 
 
2018
 
 
 
$
13,260

 
$
135,000

 
$
148,260

 
2.53
%
 
 
 
 
 
 
 
2019
 
 
 
18,679

 
600,000

 
618,679

 
2.38
%
 
 
 
 
 
 
 
2020
 
 
 
14,445

 
658,250

 
672,695

 
6.15
%
 
 
 
 
 
 
 
2021
 
 
 

 
686,225

 
686,225

 
3.49
%
 
 
 
 
 
 
 
2022
 
 
 

 
500,000

 
500,000

 
3.88
%
 
 
 
 
 
 
 
2023
 
 
 

 
500,000

 
500,000

 
3.25
%
 
 
 
 
 
 
 
2024
 
 
 

 
807,000

 
807,000

 
3.45
%
 
 
 
 
 
 
 
2025
 
 
 

 
700,000

 
700,000

 
3.85
%
 
 
 
 
 
 
 
2026
 
 
 

 
607,542

 
607,542

 
4.17
%
 
 
 
 
 
 
 
2027
 
 
 

 
400,000

 
400,000

 
3.90
%
 
 
 
 
 
 
 
2028+
 
 
 

 
10,911

 
10,911

 
7.08
%
 
 
 
 
 
 
 
Total Debt Maturities
 
$
46,384

 
$
5,604,928

 
$
5,651,312

 
3.82
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net unamortized premium
 
884

 
 
 
 
 
 
 
 
 
 
 
 
 
Deferred financing costs
 
(30,085
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Debt obligations, net
 
 
$
5,622,111

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Detailed Maturity Schedule - Debt obligations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed Rate Secured Mortgages
 
Fixed Rate Unsecured Notes (1)
 
Variable Rate and Fixed Rate Unsecured Credit Facility / Term Loans (1)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
Scheduled Amortization

 
Scheduled Maturities

 
Weighted Avg Stated Interest Rate

 
Scheduled Maturities

 
Weighted Avg Stated Interest Rate

 
Scheduled Maturities

 
Weighted Avg Stated Interest Rate

 
 
 
2018
 
$
13,260

 
$

 
6.19
%
 
$

 

 
$
135,000

 
2.17
%
 
 
 
2019
 
18,679

 

 
6.17
%
 

 

 
600,000

 
2.26
%
 
 
 
2020
 
14,445

 
658,250

 
6.15
%
 

 

 

 

 
 
 
2021
 

 
186,225

 
6.24
%
 

 

 
500,000

 
2.46
%
 
 
 
2022
 

 

 

 
500,000

 
3.88
%
 

 

 
 
 
2023
 

 

 

 
500,000

 
3.25
%
 

 

 
 
 
2024
 

 
7,000

 
4.40
%
 
500,000

 
3.65
%
 
300,000

 
3.10
%
 
 
 
2025
 

 

 

 
700,000

 
3.85
%
 

 

 
 
 
2026
 

 

 

 
607,542

 
4.17
%
 

 

 
 
 
2027
 

 

 

 
400,000

 
3.90
%
 

 

 
 
 
2028+
 

 

 

 
10,911

 
7.08
%
 

 

 
 
 
Total Debt Maturities
 
$
46,384

 
$
851,475

 
6.16
%
 
$
3,218,453

 
3.81
%
 
$
1,535,000

 
2.48
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) No scheduled amortization prior to maturity dates.

Supplemental Disclosure - Three Months Ended March 31, 2018
Page 14
jpgstandardlogoa21.jpg




SUMMARY OF OUTSTANDING DEBT
 
 
 
Unaudited, dollars in thousands
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding
 
Weighted Average
 
Maturity
 
Percent of
 
Loan / Property Name
 
 
Balance
 
Stated Interest Rate
 
Date
 
Total Indebtedness
 
 
 
 
 
 
 
 
 
 
 
 
 
FIXED RATE DEBT:
 
 
 
 
 
 
 
 
 
 
 
Secured Mortgages
 
 
 
 
 
 
 
 
 
 
 
Christmas Tree Plaza (1)
 
 
$
174

 
7.89
%
 
5/11/18
 
0.00
%
 
 
 LP - JPM CMBS (72 properties)
 
 
338,840

 
6.27
%
 
8/1/20
 
6.00
%
 
 
Monroe Plaza
 
 
8,027

 
6.50
%
 
8/1/20
 
0.14
%
 
 
Bethel Park Shopping Center
 
 
9,314

 
6.50
%
 
8/1/20
 
0.16
%
 
 
Ivyridge
 
 
12,993

 
6.50
%
 
8/1/20
 
0.23
%
 
 
Roosevelt Mall
 
 
46,317

 
6.50
%
 
8/1/20
 
0.82
%
 
 
Inland (Brixmor/IA, LLC) - Pool A (9 properties)
 
 
96,044

 
5.91
%
 
12/6/20
 
1.70
%
 
 
Inland (Brixmor/IA, LLC) - Pool B (8 properties)
 
 
87,966

 
5.91
%
 
12/6/20
 
1.56
%
 
 
Inland (Brixmor/IA, LLC) - Pool C (7 properties)
 
 
94,243

 
5.91
%
 
12/31/20
 
1.67
%
 
 
REIT 20 LP 51 A (4 properties)
 
 
45,700

 
6.24
%
 
1/6/21
 
0.81
%
 
 
REIT 20 LP 45 B (4 properties)
 
 
41,088

 
6.24
%
 
1/6/21
 
0.73
%
 
 
REIT 20 LP 42 C (5 properties)
 
 
38,411

 
6.24
%
 
1/6/21
 
0.68
%
 
 
REIT 20 LP 37 D (3 properties)
 
 
33,170

 
6.24
%
 
1/6/21
 
0.59
%
 
 
REIT 20 LP 43 E (4 properties)
 
 
38,572

 
6.24
%
 
1/6/21
 
0.68
%
 
 
Larchmont Centre
 
 
7,000

 
4.40
%
 
3/1/24
 
0.12
%
 
 
TOTAL FIXED RATE SECURED MORTGAGES
 
 
897,859

 
6.16
%
 
 
 
15.89
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Unsecured fixed rate debt
 
 
 
 
 
 
 
 
 
 
 
Term Loan Facility - Tranche A (2)
 
 
$
135,000

 
2.17
%
 
7/31/18
 
2.39
%
 
 
Term Loan Facility - $600M (3)
 
 
600,000

 
2.26
%
 
3/18/19
 
10.61
%
 
 
Term Loan Facility - Tranche B (4)
 
 
500,000

 
2.46
%
 
7/31/21
 
8.85
%
 
 
Term Loan Facility - $300M (5)
 
 
165,000

 
2.72
%
 
7/26/24
 
2.92
%
 
 
TOTAL UNSECURED FIXED RATE DEBT
 
 
1,400,000

 
2.38
%
 
 
 
24.77
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Unsecured Notes
 
 
 
 
 
 
 
 
 
 
 
3.88%, 2022 Brixmor OP Notes
 
 
$
500,000

 
3.88
%
 
8/15/22
 
8.85
%
 
 
3.25%, 2023 Brixmor OP Notes
 
 
500,000

 
3.25
%
 
9/15/23
 
8.85
%
 
 
3.65%, 2024 Brixmor OP Notes
 
 
500,000

 
3.65
%
 
6/15/24
 
8.85
%
 
 
3.85%, 2025 Brixmor OP Notes
 
 
700,000

 
3.85
%
 
2/28/25
 
12.38
%
 
 
4.13%, 2026 Brixmor OP Notes
 
 
600,000

 
4.13
%
 
6/15/26
 
10.61
%
 
 
7.97%, 2026 Brixmor LLC Notes
 
 
694

 
7.97
%
 
8/14/26
 
0.01
%
 
 
7.65%, 2026 Brixmor LLC Notes
 
 
6,100

 
7.65
%
 
11/2/26
 
0.11
%
 
 
7.68%, 2026 Brixmor LLC Notes I
 
 
748

 
7.68
%
 
11/2/26
 
0.01
%
 
 
3.90%, 2027 Brixmor OP Notes
 
 
400,000

 
3.90
%
 
3/15/27
 
7.08
%
 
 
6.90%, 2028 Brixmor LLC Notes I
 
 
2,222

 
6.90
%
 
2/15/28
 
0.04
%
 
 
6.90%, 2028 Brixmor LLC Notes II
 
 
5,486

 
6.90
%
 
2/15/28
 
0.10
%
 
 
7.50%, 2029 Brixmor LLC Notes
 
 
3,203

 
7.50
%
 
7/30/29
 
0.06
%
 
 
TOTAL FIXED RATE UNSECURED NOTES
 
 
3,218,453

 
3.81
%
 
 
 
56.95
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
TOTAL FIXED RATE DEBT
 
 
$
5,516,312

 
3.83
%
 
 
 
97.61
%
 
 
 
 
 
 
 
 
 
 
 
 
 
VARIABLE RATE DEBT:
 
 
 
 
 
 
 
 
 
 
 
Unsecured variable rate debt
 
 
 
 
 
 
 
 
 
 
 
Term Loan Facility - $300M (Libor + 190 bps)
 
 
$
135,000

 
3.56
%
 
7/26/24
 
2.39
%
 
 
TOTAL UNSECURED VARIABLE RATE DEBT
 
 
135,000

 
3.56
%
 
 
 
2.39
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
TOTAL VARIABLE RATE DEBT
 
 
$
135,000

 
3.56
%
 
 
 
2.39
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
TOTAL DEBT OBLIGATIONS
 
 
$
5,651,312

 
3.82
%
 
 
 
100.00
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net unamortized premium
 
884

 
 
 
 
 
 
 
 
 
Deferred financing costs
 
(30,085
)
 
 
 
 
 
 
 
 
 
DEBT OBLIGATIONS, NET
 
$
5,622,111

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Christmas Tree Plaza was repaid on April 11, 2018.
(2) Effective November 1, 2016, the $135,000 Term Loan Facility - Tranche A is swapped from one-month Libor to a fixed rate of 0.8165% (plus a spread of 135bps) through July 31, 2018.
(3) Effective November 1, 2016, $200,000 of the Term Loan Facility - $600M is swapped from one-month Libor to a combined fixed rate of 0.818% (plus a spread of 140bps) through July 31, 2018, and the remaining $400,000 is swapped from one-month Libor to a fixed rate of 0.878% (plus a spread of 140bps) through March 18, 2019.
(4) Effective November 1, 2016, the $500,000 Term Loan Facility - Tranche B is swapped from one-month Libor to a fixed rate of 1.113% (plus a spread of 135bps) through July 30, 2021.
(5) Effective July 28, 2017, $165,000 of the Term Loan Facility - $300M is swapped from one-month Libor to a fixed rate of 0.8165% (plus a spread of 190bps) through July 31, 2018.

Supplemental Disclosure - Three Months Ended March 31, 2018
Page 15
jpgstandardlogoa21.jpg




COVENANT DISCLOSURE
Unaudited, dollars in thousands
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Unsecured OP Notes Covenant Disclosure
 
 
 
 
 
 
 
 
 
 
 
Covenants
 
As of 3/31/18
 
 
 
 
 
 
 
 
 
 
 
 
 
 I. Aggregate debt test
 
 < 65%
 
50.3
%
 
 
 
Total Debt
 
 
 
5,622,111

 
 
 
Total Assets
 
 
 
11,174,121

 
 
 
 
 
 
 
 
 
 
 
 
 
II. Secured debt test
 
< 40%
 
8.2
%
 
 
 
Total Secured Debt
 
 
 
911,665

 
 
 
Total Assets
 
 
 
11,174,121

 
 
 
 
 
 
 
 
 
 
 
 
 
III. Unencumbered asset ratio
 
 > 150%
 
187.6
%
 
 
 
Total Unencumbered Assets
 
 
 
8,838,765

 
 
 
Unsecured Debt
 
 
 
4,710,446

 
 
 
 
 
 
 
 
 
 
 
 
 
IV. Debt service test
 
 > 1.5x
 
3.9x

 
 
 
Consolidated EBITDA
 
 
 
858,026

 
 
 
Annual Debt Service Charge
 
 
 
218,980

 
 
 
 
 
 
 
 
 
 
 
 
 
For detailed descriptions of the unsecured OP notes covenant calculations and definitions of capitalized terms please refer to the Prospectus Supplements filed
 
 
by the OP with the Securities and Exchange Commission on January 15, 2015, August 3, 2015, June 6, 2016, August 17, 2016, March 3, 2017 and June 5, 2017 and the
 
 
notes and indenture incorporated therein by reference.
 
 
 
 
 
 
 
 
 
 
 
 
Unsecured Credit Facility Covenant Disclosure
 
 
 
 
 
 
 
 
 
 
 
Covenants
 
As of 3/31/18
 
 
 
 
 
 
 
 
 
 
 
 
 
 I. Leverage ratio
 
 < 60%
 
41.2
%
 
 
 
Total Outstanding Indebtedness
 
 
 
5,651,312

 
 
 
Balance Sheet Cash
 
 
 
106,077

 
 
 
Total Asset Value
 
 
 
13,463,043

 
 
 
 
 
 
 
 
 
 
 
 
 
II. Secured leverage ratio
 
< 40%
 
5.9
%
 
 
 
Total Secured Indebtedness
 
 
 
897,859

 
 
 
Balance Sheet Cash
 
 
106,077

 
 
 
Total Asset Value
 
 
 
13,463,043

 
 
 
 
 
 
 
 
 
 
 
 
 
III. Unsecured leverage ratio
 
 < 60%
 
44.3
%
 
 
 
Total Unsecured Indebtedness
 
 
 
4,753,453

 
 
 
Unrestricted Cash
 
 
 
40,641

 
 
 
Unencumbered Asset Value
 
 
10,648,805

 
 
 
 
 
 
 
 
 
 
 
 
 
IV. Fixed charge coverage ratio
 
 > 1.5x
 
3.8x

 
 
 
Total Net Operating Income
 
 
 
906,825

 
 
 
Capital Expenditure Reserve
 
 
 
12,260

 
 
 
Fixed Charges
 
 
 
236,897

 
 
 
 
 
 
 
 
 
 
 
 
 
For detailed descriptions of the unsecured credit facility covenant calculations and definitions of capitalized terms please refer to the Amended Revolving Credit
 
 
and Term Loan Agreement, dated as of July 25, 2016 filed as Exhibit 10.5 to Form 10-Q, filed with the Securities and Exchange Commission on July 25, 2016.


Supplemental Disclosure - Three Months Ended March 31, 2018
Page 16
jpgstandardlogoa21.jpg




 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
INVESTMENT SUMMARY
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Supplemental Disclosure
Three Months Ended March 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 





ACQUISITIONS
Dollars in thousands, except ABR PSF
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Property Name
 
MSA
 
Purchase Date
 
Purchase Price
 
GLA / Acres
 
Percent Leased
 
 ABR
PSF
 
Major Tenants
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
There were no acquisitions completed during the three months ended March 31, 2018.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 




Supplemental Disclosure - Three Months Ended March 31, 2018
Page 18
jpgstandardlogoa21.jpg




DISPOSITIONS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dollars in thousands, except ABR PSF
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Property Name
 
MSA
 
Sale Date
 
Sale Price
 
GLA / Acres
 
Percent Leased
 
ABR PSF (1)
 
Major Tenants
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended March 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Wells Fargo at Country Hills
 
Los Angeles-Long Beach-Anaheim, CA
 
1/4/18
 
$
135

 
3,500

 
100.0
%
 
$
5.14

 
n/a
 
Winchester Plaza
 
Huntsville, AL
 
1/17/18
 
14,750

 
75,780

 
96.2
%
 
13.25

 
Publix
 
Crossroads Centre
 
St. Louis, MO-IL
 
1/24/18
 
14,650

 
242,752

 
87.9
%
 
8.50

 
Ruler Foods, Big Lots, Plato's Closet, Sky Zone, T.J.Maxx
 
Oakwood Commons
 
Nashville-Davidson--Murfreesboro--Franklin, TN
 
1/25/18
 
24,500

 
267,558

 
91.5
%
 
11.44

 
Publix, Bed Bath & Beyond, Dollar Tree, Goody’s, PetSmart, Ross Dress for Less
 
Galleria Commons
 
Las Vegas-Henderson-Paradise, NV
 
1/30/18
 
31,400

 
278,411

 
100.0
%
 
11.89

 
Babies"R"Us, Burlington Stores, Kirkland’s, Stein Mart, T.J.Maxx, Tuesday Morning
 
Warren Plaza
 
Dubuque, IA
 
3/30/18
 
8,950

 
96,310

 
90.5
%
 
8.48

 
Hy-Vee
 
Clocktower Place
 
St. Louis, MO-IL
 
3/30/18
 
12,000

 
209,832

 
92.9
%
 
7.98

 
ALDI, Florissant Furniture & Rug Gallery, K&G Fashion Superstore, Ross Dress for Less
 
 
 
 
 
 
 
$
106,385

 
1,174,143

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
TOTAL - THREE MONTHS ENDED MARCH 31, 2018
 
 
$
106,385

 
1,174,143

 
 
 
 
 
 

(1) ABR PSF excludes the GLA of lessee owned leasehold improvements.
Major tenants includes only owned tenants.

Supplemental Disclosure - Three Months Ended March 31, 2018
Page 19
jpgstandardlogoa21.jpg




ANCHOR SPACE REPOSITIONING SUMMARY
Dollars in thousands
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Property Name
 
 
MSA
 
 
 
 
 
 
 
Description
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
IN PROCESS ANCHOR SPACE REPOSITIONINGS
 
 
 
 
 
 
New Projects Added To In Process Pipeline During The Three Months Ended March 31, 2018
 
 
 
 
 
1

Springdale - Phase II
 
 
Mobile, AL
 
 
Relocate and rightsize existing Burlington Stores to 47K SF and remerchandise former Old Navy with an 18K SF Burke's
 
 
2

Redford Plaza
 
 
Detroit-Warren-Dearborn, MI
 
 
Remerchandise former grocer with a 41K SF Prince Valley Market specialty grocer and a 15K SF Citi Trends
 
 
3

Falcaro's Plaza
 
 
New York-Newark-Jersey City, NY-NJ-PA
 
 
Remerchandise former OfficeMax and adjacent small shop space with a 20K SF Planet Fitness
 
 
4

Laurel Square
 
 
New York-Newark-Jersey City, NY-NJ-PA
 
 
Recapture and remerchandise former Kmart with a 95K SF At Home
 
 
5

Dickson City Crossings - Project 2
 
Scranton--Wilkes-Barre--Hazleton, PA
 
 
Remerchandise former hhgregg with a 28K SF Gabe's
 
 
6

Ridgeview Centre
 
 
Big Stone Gap, VA
 
 
Remerchandise remaining former Kmart space with a 20K SF Marshalls and an additional junior anchor
 
 
7

Hilltop Plaza
 
 
Virginia Beach-Norfolk-Newport News, VA-NC
 
 
Relocate and expand Jo-Ann Fabric & Craft Stores to 24K SF, replacing a former Office Depot, and remerchandise former Jo-Ann Fabric & Craft Stores with a 10K SF Ulta
 
 
 
 
 
 
 
 
 
 
 
 
In Process Projects
 
 
 
 
 
 
 
 
 
 
8

Springdale - Phase I
 
 
Mobile, AL
 
 
Reconfigure two-level former Belk building and remerchandise with a 25K SF Bed Bath & Beyond, an 18K SF Cost Plus World Market, an additional junior anchor space and 50K SF of second floor space
 
 
9

Cudahy Plaza
 
 
Los Angeles-Long Beach-Anaheim, CA
 
 
Remerchandise former Kmart with a 40K SF Chuze Fitness, a 20K SF junior anchor and additional small shop space
 
 
10

Arapahoe Crossings
 
 
Denver-Aurora-Lakewood, CO
 
 
Remerchandise former Gordmans with a 40K SF Burlington Stores and a 15K SF fitness operator
 
 
11

The Manchester Collection
 
Hartford-West Hartford-East Hartford, CT
 
 
Remerchandise former Thomasville Furniture and adjacent small shop space with a 17K SF Cost Plus World Market
 
 
12

Northgate Shopping Center
 
Deltona-Daytona Beach-Ormond Beach, FL
 
 
Remerchandise former Sears Essentials with a 22K SF Planet Fitness and additional junior anchor space
 
 
13

Hunter's Creek Plaza
 
 
Orlando-Kissimmee-Sanford, FL
 
 
Remerchandise former LA Fitness and downsize Office Depot to accommodate a 30K SF Lucky’s Market
 
 
14

Stony Brook I & II
 
 
Louisville/Jefferson County, KY-IN
 
 
Reconfigure approximately 15K of small shop space to accommodate expansion of existing Kroger to 116K SF Kroger Marketplace
 
 
15

Hampton Village Centre - Project 2
 
Detroit-Warren-Dearborn, MI
 
 
Relocate and reconfigure four small shop spaces to accommodate a 14K SF Petco
 
 
16

Ellisville Square
 
 
St. Louis, MO-IL
 
 
Remerchandise and expand former Sports Authority with a 22K SF ALDI and a 15K SF Petco
 
 
17

Bedford Grove
 
 
Manchester-Nashua, NH
 
 
Remerchandise former Hannaford with a 21K SF Boston Interiors and an additional anchor tenant
 
 
18

Franklin Square
 
 
Charlotte-Concord-Gastonia, NC-SC
 
 
Remerchandise former Michaels with a 10K SF Partners in Primary Care and additional small shop space
 
 
19

Florence Plaza - Florence Square
 
Cincinnati, OH-KY-IN
 
 
Rightsize existing T.J. Maxx / HomeGoods combo store to 48K SF to accommodate addition of a 23K SF A.C. Moore
 
 
20

Dickson City Crossings - Project 1
 
Scranton--Wilkes-Barre--Hazleton, PA
 
 
Remerchandise former sporting goods store with a 41K SF Burlington Stores and an additional junior anchor
 
 
21

Crossroads Centre - Pasadena
 
Houston-The Woodlands-Sugar Land, TX
 
 
Remerchandise and expand former Sears Outlet with a 37K SF LA Fitness
 
 
22

Northtown Plaza
 
 
Houston-The Woodlands-Sugar Land, TX
 
 
Remerchandise former Fallas Paredes with a 25K SF EL Rancho Supermercado
 
 
23

Tanglewilde Center
 
 
Houston-The Woodlands-Sugar Land, TX
 
 
Remerchandise and expand former ACE Hardware with a 19K SF ALDI
 
 
24

Winwood Town Center
 
Odessa, TX
 
 
Remerchandise former Hastings with a 25K SF dd's Discounts (Ross Dress for Less)
 
 
25

The Centre at Navarro
 
Victoria, TX
 
 
Remerchandise former Hastings with a 20K SF Planet Fitness and additional small shop space
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Number of Projects
 
Net Estimated Costs (1)
 
Gross Costs to Date
 
Expected NOI Yield (1)
 
 
 
 
 
Total In Process
25

 
$
90,200
 
 
$
23,737

 
9% - 14%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Supplemental Disclosure - Three Months Ended March 31, 2018
Page 20
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ANCHOR SPACE REPOSITIONING SUMMARY
Dollars in thousands
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Property Name
 
 
MSA
 
 
 
 
 
 
 
Description
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
COMPLETED ANCHOR SPACE REPOSITIONINGS
 
 
 
Projects Completed During The Three Months Ended March 31, 2018
 
 
 
 
 
1

Commons of Chicago Ridge
 
Chicago-Naperville-Elgin, IL-IN-WI
 
 
Remerchandise former Office Depot with a 28K SF Ross Dress for Less
 
 
2

Haymarket Square & Haymarket Mall
 
Des Moines-West Des Moines, IA
 
 
Relocate and expand Aspen Athletic Club to 25K SF and remerchandise former Aspen Athletic Club with a 23K SF Harbor Freight Tools
 
 
3

Wadsworth Crossings
 
Cleveland-Elyria, OH
 
 
Remerchandise former MC Sports with a 15K SF Planet Fitness
 
 
4

The Commons at Wolfcreek
 
Memphis, TN-MS-AR
 
 
Remerchandise former Sports Authority with a 44K SF Dave & Busters and a 9K SF Skechers
 
 
5

Clear Lake Camino South
 
Houston-The Woodlands-Sugar Land, TX
 
 
Remerchandise former Hancock Fabrics and adjacent small shop spaces with a 22K SF ALDI
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Number of Projects
 
Net Project
Costs (1)
 
NOI Yield (1)
 
 
 
 
 
 
 
 
Total Completed
5

 
$
10,275
 
 
13
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Represents gross project costs less any project specific credits (lease termination income or other ancillary credits).
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The in process projects listed above are actively underway and reflect projects in which leases have been executed with the tenant(s) listed in the project descriptions. There is no guarantee that the Company will complete any or all of these projects, or
that the net estimated costs or expected NOI yields will be the amounts shown. The net estimated costs and expected NOI yields are management's best estimates based on current information and may change over time. For more information, please
refer to the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2017.

Supplemental Disclosure - Three Months Ended March 31, 2018
Page 21
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OUTPARCEL DEVELOPMENT & NEW DEVELOPMENT SUMMARY
Dollars in thousands
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
OUTPARCEL DEVELOPMENTS:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Net
 
 Gross
 
 
 
 
 
 
 
 
 
 
 
Stabilization
 
 Estimated
 
 Costs
 
Expected
 
 
 
Property Name
 
MSA
 
Project Description
 
Quarter
 
 Costs (1)
 
 to Date
 
NOI Yield (1)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
IN PROCESS OUTPARCEL DEVELOPMENTS
 
 
 
 
 
 
 
 
 
 
 
New Projects Added To In Process Pipeline During The Three Months Ended March 31, 2018
 
 
 
 
 
 
 
 
 
 
1
Berkshire Crossing
 
Pittsfield, MA
 
Construction of a 5K SF Chili's outparcel
 
Mar-19
 
$
300

 
$
106

 
46
%
 
 
2
Hanover Square
 
Richmond, VA
 
Construction of a 5K SF Panera and a 2K SF Chipotle
 
Sep-19
 
4,300

 
219

 
11
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
In Process Projects
 
 
 
 
 
 
 
 
 
 
 
 
 
 
3
Arapahoe Crossings
 
Denver-Aurora-Lakewood, CO
 
Construction of a 5K SF outparcel with a 2K SF Dunkin' Donuts and additional small shop space
 
Jun-19
 
2,300

 
142

 
10
%
 
 
4
Lake St. Charles
 
Tampa-St. Petersburg-Clearwater, FL
 
Construction of a 4K SF Speedy Carwash outparcel
 
Sep-18
 
100

 
23

 
128
%
 
 
5
Market Centre
 
Elkhart-Goshen, IN
 
Construction of a 10K SF multi-tenant outparcel
 
Sep-19
 
3,100

 
1,715

 
9
%
 
 
6
Dalewood I, II & III Shopping Center
 
New York-Newark-Jersey City, NY-NJ-PA
 
Construction of a 5K SF outparcel with a 3K SF Shake Shack and additional small shop space
 
Dec-18
 
2,900

 
739

 
15
%
 
 
7
Springfield Place
 
New York-Newark-Jersey City, NY-NJ-PA
 
Construction of a 4K SF outparcel with a 2K SF Chipotle and additional small shop space
 
Dec-18
 
2,900

 
2,335

 
8
%
 
 
8
Parkway Plaza
 
Winston-Salem, NC
 
Construction of a 3K SF Biscuitville outparcel
 
Mar-19
 
600

 
35


18
%
 
 
9
Orange Grove
 
Houston-The Woodlands-Sugar Land, TX
 
Construction of a 4K SF Chick-fil-A outparcel
 
Jun-18
 
100

 
56

 
165
%
 
 
 
TOTAL IN PROCESS OUTPARCEL DEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE
 
 
 
 
 
$
16,600

 
$
5,370

 
13
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Stabilization
 
 
 
Net Project
 
 
 
 
 
Property Name
 
MSA
 
Project Description
 
Quarter
 
 
 
 Costs (1,2)
 
NOI Yield (1,2)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
COMPLETED OUTPARCEL DEVELOPMENTS
 
 
 
 
 
 
 
 
 
 
 
 
 
Projects Completed During The Three Months Ended March 31, 2018
 
 
 
 
 
 
 
 
 
 
1
Century Plaza Shopping Center
 
Miami-Fort Lauderdale-West Palm Beach, FL
 
Demolition of existing retail space, construction of a 13K SF CVS outparcel with drive-thru and site improvements
 
Mar-18
 
 
 
$
4,426

 
12
%
 
 
2
Westchester Square
 
Kansas City, MO-KS
 
Construction of a 2K SF Starbucks outparcel
 
Mar-18
 
 
 
1,154

 
11
%
 
 
 
TOTAL COMPLETED OUTPARCEL DEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE
 
 
 
 
 
 
 
$
5,580

 
12
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
NEW DEVELOPMENTS:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Net
 
 Gross
 
 
 
 
 
 
 
 
 
 
 
Stabilization
 
 Estimated
 
 Costs
 
Expected
 
 
 
Property Name
 
MSA
 
Project Description
 
Quarter
 
 Costs (2)
 
 to Date
 
NOI Yield (2)
 
 
IN PROCESS NEW DEVELOPMENTS
 
 
 
 
 
 
 
 
 
 
 
 
1
The Shops at Riverhead
 
New York-Newark-Jersey City, NY-NJ-PA
 
Construction of a 42K SF Marshalls / HomeGoods combo store, a 38K SF HomeSense (TJX), an 18K SF PetSmart, a 10K SF ULTA, and a 12K SF multi-tenant retail building adjacent to an existing non-owned Costco
 
Sep-18
 
$
37,800

 
$
28,347

 
9
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Represents gross project costs less any project specific credits (lease termination income or other ancillary credits).
 
 
 
 
 
 
 
(2) Net project costs and NOI yields may vary from those previously disclosed due to final project reconciliations.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The in process projects listed above are actively underway and reflect projects in which leases have been executed with the tenant(s) listed in the project descriptions. There is no guarantee that the Company will complete any or all of these projects, or
that the net estimated costs or expected NOI yields will be the amounts shown or that stabilization will occur as anticipated. The net estimated costs, expected NOI yields and anticipated stabilization dates are management's best estimates based on
current information and may change over time. For more information, please refer to the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2017.

Supplemental Disclosure - Three Months Ended March 31, 2018
Page 22
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REDEVELOPMENT SUMMARY
 
Dollars in thousands
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Net
 
 Gross
 
Expected
 
 
 
 
 
 
 
 
 
 Property
 
Stabilization
 
 Estimated
 
 Costs
 
NOI
 
 
 
Property Name
 
MSA
 
Project Description
 
 Acreage
 
Quarter
 
 Costs (1)
 
 to Date
 
Yield (1)
 
 
IN PROCESS REDEVELOPMENTS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1

Sagamore Park Centre
 
Lafayette-West Lafayette, IN
 
Redevelopment and expansion of existing Pay Less (Kroger) with a 91K SF prototype by demolishing 11K SF of underutilized small shops; remerchandise additional small shop spaces with relevant retailers including a 3K SF Pet Valu, a 2K SF Nothing Bundt Cakes, and a 2K SF T-Mobile; and shopping center upgrades including façade renovations, LED lighting, new landscaping, and common area enhancements
 
14
 
Jun-18
 
$
2,300

 
$
1,112

 
11
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2

Ventura Downs
 
Orlando-Kissimmee-Sanford, FL
 
Redevelopment and rebranding of center including replacing a dark anchor with a 42K SF LA Fitness and remerchandising adjacent small shop space; and shopping center upgrades including façade renovations and LED lighting
 
11
 
Sep-18
 
6,600

 
530

 
8
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
3

Gateway Plaza - Vallejo
 
Vallejo-Fairfield, CA
 
Redevelopment of former CVS and adjacent 2.4 acres with a 16K SF DSW and a 10K SF ULTA replacing the former CVS, solar array installation, and construction of a 4K SF Panera Bread outparcel with drive-thru
 
53
 
Dec-18
 
9,300

 
8,152

 
9
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
4

Maple Village
 
Ann Arbor, MI
 
Redevelopment of center including replacing former Kmart with a 34K SF Stein Mart, a 22K SF Sierra Trading Post, a 20K SF HomeGoods, and a 21K SF junior anchor; construction of a 34K SF LA Fitness, an outparcel retail building and a 4K SF endcap; and shopping center upgrades including façade renovations and common area enhancements
 
31
 
Dec-18 / Dec-19
 
31,000

 
18,742

 
8
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
5

Speedway Super Center - Phase I
 
Indianapolis-Carmel-Anderson, IN
 
Redevelopment of underutilized retail space to accommodate a 40K SF Burlington Stores, a 22K SF Ross Dress for Less and a 9K SF Five Below; potential construction of an outparcel pad; and shopping center upgrades including façade renovations and updated parking lots
 
66
 
Mar-19
 
12,600

 
6,007

 
9
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
6

Collegeville Shopping Center
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
 
Addition of a 15K SF Kimberton Whole Foods organic grocer; construction of a new 4K SF outparcel; remerchandise 22K SF of underutilized space with retailers relevant to the surrounding community; and shopping center upgrades including façade renovations, LED lighting, new pylon signage, and new landscaping
 
14
 
Jun-19
 
5,500

 
1,275

 
12
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
7

Marlton Crossing
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
 
Redevelopment and rightsize existing Burlington Stores to 51K SF prototype to accommodate addition of a 33K SF Sprouts Farmers Market; remerchandise former Champps with a 10K SF Chickie & Pete's; and shopping center upgrades including reconfiguring of parking lot
 
34
 
Jun-19
 
9,700

 
2,586

 
7
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
8

Rose Pavilion - Phase 2
 
San Francisco-Oakland-Hayward, CA
 
Remerchandise former Toscana Furniture with an 8K SF Pet Supplies Plus, expansion of existing Fitness 19, and additional small shop space; and shopping center upgrades including façade upgrade, solar array installation, and common area enhancements
 
27
 
Sep-19
 
6,500

 
1,868

 
10
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
9

Beneva Village Shoppes
 
North Port-Sarasota-Bradenton, FL
 
Demolish and rebuild existing 30-year old Publix and adjacent small shop spaces with a new 46K SF prototype; construction of new small shop endcap adjacent to Publix; shopping center upgrades including facade renovation, reconfiguration of parking lot and additional parking field enhancements such as new landscaping, irrigation and LED lighting upgrades
 
14
 
Sep-19
 
10,500

 
1,536

 
10
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
10

High Point Centre
 
Chicago-Naperville-Elgin, IL-IN-WI
 
Redevelopment of 40K SF of retail space with a 34K SF LA Fitness and 2K SF of small shops; construction of a 5K SF outparcel; shopping center upgrades including partial façade renovations, LED lighting, parking lot upgrades, new sidewalks and landscaping
 
35
 
Sep-19
 
10,500

 
210

 
9
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
11

Braes Heights
 
Houston-The Woodlands-Sugar Land, TX
 
Expansion of existing My Salon Suite to 12K SF; remerchandise shopping center with new relevant retailers; shopping center upgrades including full center façade renovation, parking reconfiguration, pylon sign improvements and new landscaping
 
6
 
Sep-19
 
6,500

 
475

 
8
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
12

Village at Mira Mesa - Phase I (2)
 
San Diego-Carlsbad, CA
 
Remerchandise and expand former Kohl’s with a 32K SF Sprouts Farmers Market, a 21K SF Michaels, a 20K SF BevMo!; and a 9K SF Five Below; demolish existing outparcel to accommodate construction of a 6K SF multi-tenant retail building; shopping center upgrades including facade renovations, new landscaping, parking realignment, point of entry and pylon sign improvements; and sustainable features including solar array installation, LED lighting, smart irrigation and lighting control, wireless mesh network systems, and electric vehicle charging stations
 
36
 
Dec-19
 
21,000

 
5,506

 
9
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
13

Mamaroneck Centre
 
New York-Newark-Jersey City, NY-NJ-PA
 
Redevelopment of former A&P with a 12K SF CVS and a 13K SF North Shore Farms; demolish adjacent 5K SF residential building (acquired in anticipation of redevelopment) to accommodate construction of 12K SF of small shop retail; shopping center upgrades including landscaping, storm water upgrades, parking lot enhancements and LED lighting
 
2
 
Jun-20
 
11,100

 
4,412

 
11
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
TOTAL IN PROCESS REDEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE
 
 
 
 
 
$
143,100

 
$
52,411

 
9
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Supplemental Disclosure - Three Months Ended March 31, 2018
Page 23
jpgstandardlogoa21.jpg




REDEVELOPMENT SUMMARY
 
Dollars in thousands
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net
 
Expected
 
 
 
 
 
 
 
 
 
 Property
 
Stabilization
 
 
 
Project
 
NOI
 
 
 
Property Name
 
MSA
 
Project Description
 
 Acreage
 
Quarter
 
 
 
Costs (1)
 
Yield (1)
 
 
COMPLETED REDEVELOPMENTS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Projects Completed During The Three Months Ended March 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1

Erie Canal Centre
 
Syracuse, NY
 
Redevelopment of former Kmart and other vacant anchor space with a 50K SF Dick’s Sporting Goods, a 40K SF Burlington Stores, and a 26K SF Michaels; potential construction of 8K SF of small shop space and outparcel pad; and shopping center upgrades including façade renovations, LED lighting, parking realignment, new landscaping, pylon sign upgrade, and common area enhancements
 
11
 
Mar-18
 
 
 
$
15,800

 
8
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
TOTAL COMPLETED REDEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE
 
 
 
 
 


 
$
15,800

 
8
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Represents gross project costs less any project specific credits (lease termination income or other ancillary credits).
 
 
 
 
 
 
 
 
 
(2) Net estimated costs exclude $3 million of project specific credits (lease termination income or other ancillary credits).
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The in process projects listed above are actively underway and reflect projects in which leases have been executed with the tenant(s) listed in the project descriptions. There is no guarantee that the Company will complete any or all of these projects, or
that the net estimated costs or expected NOI yields will be the amounts shown or that stabilization will occur as anticipated. The net estimated costs, expected NOI yields and anticipated stabilization dates are management's best estimates based on
 
current information and may change over time. For more information, please refer to the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2017.
 
 
 
 
 
 
 
 

Supplemental Disclosure - Three Months Ended March 31, 2018
Page 24
jpgstandardlogoa21.jpg




FUTURE REDEVELOPMENT OPPORTUNITIES
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Property Name
 
MSA
 
Project Description
 
 
 
 
 
 
 
 
 
 
MAJOR REDEVELOPMENTS
 
 
 
1

Springdale
 
Mobile, AL
 
Further repositioning of existing anchor space for multiple retailers, potential outparcel development
 
 
2

University Mall
 
Sacramento--Roseville--Arden-Arcade, CA
 
Extensive repositioning and reconfiguration with experiential retailers, densification of site, potential residential component
 
 
3

Village at Mira Mesa - Phase II
 
San Diego-Carlsbad, CA
 
Redevelopment of outparcels for multiple retailers and/or restaurants, potential construction of residential rental component, enhancement of common areas
 
 
4

Mall at 163rd Street
 
Miami-Fort Lauderdale-West Palm Beach, FL
 
Extensive redevelopment and repositioning of shopping center, densification of site, reconfiguration of existing retail space
 
 
5

Miami Gardens
 
Miami-Fort Lauderdale-West Palm Beach, FL
 
Redevelopment of existing anchor space for multiple retailers and/or entertainment users, potential outparcel development
 
 
6

Dolphin Village
 
Tampa-St. Petersburg-Clearwater, FL
 
Remerchandise with experiential retailers, addition of a new anchor prototype, reconfiguration of space for junior anchors, outparcel development
 
 
7

Northeast Plaza
 
Atlanta-Sandy Springs-Roswell, GA
 
Extensive repositioning and reconfiguration, densification of site
 
 
8

Roosevelt Mall
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
 
Extensive repositioning and reconfiguration, densification of site
 
 
9

Village at Newtown
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
 
Redevelopment and repositioning of shopping center, densification of site
 
 
10

Market Plaza
 
Dallas-Fort Worth-Arlington, TX
 
Extensive redevelopment and repositioning of shopping center, remerchandise with multiple retailers
 
 
11

Wynnewood Village
 
Dallas-Fort Worth-Arlington, TX
 
Redevelopment and reconfiguration of existing anchor and inline space, densification of site
 
 
12

Spring Mall
 
Milwaukee-Waukesha-West Allis, WI
 
Extensive redevelopment and reconfiguration of shopping center, potential outparcel development
 
 
 
 
 
 
 
 
 
 
MINOR REDEVELOPMENTS
 
 
 
1

Carmen Plaza
 
Oxnard-Thousand Oaks-Ventura, CA
 
Reconfiguration of obsolete space and repurpose for national retailers, enhancement of common areas, sustainability upgrades
 
 
2

Venetian Isle Shopping Ctr
 
Miami-Fort Lauderdale-West Palm Beach, FL
 
Redevelopment of existing anchor space for new anchor prototype, potential outparcel development
 
 
3

Freedom Square
 
Naples-Immokalee-Marco Island, FL
 
Redevelopment of existing anchor space for multiple retailers and/or entertainment users, potential outparcel development
 
 
4

Marco Town Center
 
Naples-Immokalee-Marco Island, FL
 
Remerchandise with experiential retailers, reconfiguration of common areas for community space
 
 
5

Pointe Orlando
 
Orlando-Kissimmee-Sanford, FL
 
Redevelopment, densification and rebranding for multiple retailers and/or entertainment users
 
 
6

Clearwater Mall
 
Tampa-St. Petersburg-Clearwater, FL
 
Redevelopment of existing anchor space and adjacent retail space for multiple retailers
 
 
7

Tinley Park Plaza
 
Chicago-Naperville-Elgin, IL-IN-WI
 
Reconfiguration of existing footprint for multiple retailers and/or entertainment users, outparcel development
 
 
8

Market Centre
 
Elkhart-Goshen, IN
 
Densification of site, including several multi-tenant outparcel buildings
 
 
9

Speedway Super Center - Phase II
 
Indianapolis-Carmel-Anderson, IN
 
Rebranding of shopping center, including reconfiguration of existing footprint for multiple retailers, potential outparcel development
 
 
10

London Marketplace
 
London, KY
 
Reposition and remerchandise existing anchor space for multiple retailers, potential outparcel development
 
 
11

Webster Square Shopping Center
 
Boston-Cambridge-Newton, MA-NH
 
Redevelopment of existing pad building for multiple retailers
 
 
12

Hampton Village Centre
 
Detroit-Warren-Dearborn, MI
 
Densification of site, including outparcel developments and remerchandising of shopping center
 
 
13

Redford Plaza
 
Detroit-Warren-Dearborn, MI
 
Redevelopment of existing anchor space for multiple retailers, potential outparcel development, façade renovations
 
 
14

Richfield Hub (1)
 
Minneapolis-St. Paul-Bloomington, MN-WI
 
Redevelopment and repositioning of shopping center, densification of site
 
 
15

Roseville Center
 
Minneapolis-St. Paul-Bloomington, MN-WI
 
Reconfigure and repurpose obsolete space, remerchandise with relevant and national retailers
 
 
16

Capitol Shopping Center
 
Concord, NH
 
Redevelopment of existing anchor space for multiple retailers
 
 
17

Bedford Grove
 
Manchester-Nashua, NH
 
Redevelopment of existing anchor space for multiple retailers, potential outparcel development, enhancement of common areas
 
 
18

Hamilton Plaza
 
Trenton, NJ
 
Redevelopment of existing anchor space for multiple retailers, potential outparcel development
 
 
19

Laurel Square
 
New York-Newark-Jersey City, NY-NJ-PA
 
Redevelopment of existing anchor space for multiple retailers, enhancement of common areas
 
 
20

Stewart Plaza
 
New York-Newark-Jersey City, NY-NJ-PA
 
Reconfigure existing anchor space and remerchandise for multiple retailers
 
 
21

Suffolk Plaza
 
New York-Newark-Jersey City, NY-NJ-PA
 
Redevelopment of existing anchor space for multiple retailers, enhancement of common areas
 
 
22

Western Hills Plaza
 
Cincinnati, OH-KY-IN
 
Redevelopment of existing anchor space for multiple retailers, enhancement of common areas
 
 
23

Park Hills Plaza
 
Altoona, PA
 
Reconfigure and remerchandise obsolete space, potential outparcel development
 
 
24

Collegetown Shopping Center
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
 
Redevelopment of existing anchor spaces for multiple retailers, potential outparcel development, enhancement of common areas
 
 
25

Whitemarsh Shopping Center
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
 
Densification of site, including outparcel development
 
 
26

The Commons at Wolfcreek
Memphis, TN-MS-AR
 
Redevelopment of existing anchor space for multiple retailers, potential outparcel development
 
 
27

Carmel Village
 
Corpus Christi, TX
 
Redevelopment of existing anchor space for multiple retailers, potential outparcel development, façade renovations
 
 
28

Jeff Davis
 
Dallas-Fort Worth-Arlington, TX
 
Remerchandise former discount grocer and existing small shop space
 
 
29

Preston Park Village
 
Dallas-Fort Worth-Arlington, TX
 
Repurpose, assemble and reposition for national retail merchandise mix, densification of site, enhancement of common areas
 

Supplemental Disclosure - Three Months Ended March 31, 2018
Page 25
jpgstandardlogoa21.jpg




FUTURE REDEVELOPMENT OPPORTUNITIES
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Property Name
 
MSA
 
Project Description
 
 
 
 
 
 
 
 
 
 
30

Jester Village
 
Houston-The Woodlands-Sugar Land, TX
 
Redevelopment of existing anchor space for multiple retailers, densification of site, enhancement of common areas
 
 
31

Texas City Bay
 
Houston-The Woodlands-Sugar Land, TX
 
Redevelopment of existing anchor space for multiple retailers, densification of site
 
 
32

Hanover Square
 
Richmond, VA
 
Redevelopment of existing anchor space, outparcel development including multi-tenant retail building
 
 
33

Hilltop Plaza
 
Virginia Beach-Norfolk-Newport News, VA-NC
 
Relocation of existing anchors to facilitate remerchandising of the shopping center
 
 
 
 
 
 
 
 
 
(1) Indicates project added to pipeline during the three months ended March 31, 2018.
 
 
 
 
 
 
 
 
 
 
The Company has identified potential future reinvestment opportunities at the properties listed above. Many of these opportunities are, or will soon be, in preliminary planning phases and as such, may not ultimately become active reinvestments. Proceeding
with these reinvestments could be subject to factors outside of the Company’s control which could delay, suspend or defer the expected opportunity or timing of execution. While the Company expects that these projects are likely to become active
in the near-term, it should be noted that this list will fluctuate as projects become active, suspended or otherwise rescheduled. For more information, please refer to the “Risk Factors” section of the Company’s Annual Report on Form 10-K
for the year ended December 31, 2017.

Supplemental Disclosure - Three Months Ended March 31, 2018
Page 26
jpgstandardlogoa21.jpg




 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PORTFOLIO SUMMARY
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Supplemental Disclosure
Three Months Ended March 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individual values herein may not add up to totals due to rounding.
 





PORTFOLIO OVERVIEW
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dollars in thousands, except per square foot amounts
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
As of:
 
 
 
 
 
 
 
 
 
3/31/18
 
12/31/17
 
9/30/17
 
6/30/17
 
3/31/17
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Number of properties
 
 
480

 
486

 
498

 
507

 
510

 
 
 
 
 
GLA
 
 
81,732,582

 
82,812,209

 
84,091,870

 
85,460,362

 
85,961,594

 
 
 
 
 
Percent billed
 
 
89.8
%
 
90.3
%
 
89.6
%
 
89.9
%
 
90.4
%
 
 
 
 
 
Percent leased
 
 
92.1
%
 
92.2
%
 
91.6
%
 
92.0
%
 
92.5
%
 
 
 
 
 
 
TOTAL ≥ 10,000 SF
 
 
95.4
%
 
95.5
%
 
94.7
%
 
95.0
%
 
95.8
%
 
 
 
 
 
 
TOTAL < 10,000 SF
 
 
84.4
%
 
84.5
%
 
84.4
%
 
85.0
%
 
84.8
%
 
 
 
 
 
ABR
 
 
 
$
943,734

 
$
949,568

 
$
945,721

 
$
959,800

 
$
965,273

 
 
 
 
 
ABR PSF
 
 
$
13.61

 
$
13.47

 
$
13.28

 
$
13.21

 
$
13.12

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PORTFOLIO BY UNIT SIZE AS OF 3/31/18
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Number of
Units
 
GLA
 
Percent Billed
 
Percent Leased
 
Percent of Vacant GLA
 
 ABR
 
ABR PSF
 
 
 
 
≥ 35,000 SF
544

 
33,305,728

 
95.5
%
 
96.6
%
 
17.7
%
 
$
262,308

 
$
9.56

 
 
 
 
20,000 – 34,999 SF
540

 
14,191,391

 
90.6
%
 
95.3
%
 
10.4
%
 
139,592

 
10.54

 
 
 
 
10,000 - 19,999 SF
716

 
9,768,788

 
89.1
%
 
91.7
%
 
12.6
%
 
117,381

 
13.47

 
 
 
 
5,000 - 9,999 SF
1,322

 
9,111,515

 
82.8
%
 
85.5
%
 
20.5
%
 
126,994

 
17.02

 
 
 
 
< 5,000 SF
7,352

 
15,355,160

 
81.3
%
 
83.7
%
 
38.8
%
 
297,459

 
23.83

 
 
 
 
TOTAL
10,474

 
81,732,582

 
89.8
%
 
92.1
%
 
100.0
%
 
$
943,734

 
$
13.61

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
TOTAL ≥ 10,000 SF
1,800

 
57,265,907

 
93.2
%
 
95.4
%
 
40.7
%
 
$
519,281

 
$
10.52

 
 
 
 
TOTAL < 10,000 SF
8,674

 
24,466,675

 
81.9
%
 
84.4
%
 
59.3
%
 
424,453

 
21.28

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Reflects portfolio statistics as reported for the specified period.
 
 
 
 
 
 
 
 




Supplemental Disclosure - Three Months Ended March 31, 2018
Page 28
jpgstandardlogoa21.jpg




TOP FORTY RETAILERS RANKED BY ABR
 
Dollars in thousands, except per square foot amounts
 
 
 
 
 
 
 
 
 
 
 
 
Retailer
 
 
Owned Leases
 
 
Leased GLA
 
Percent of Total
Portfolio GLA
 
Leased ABR
 
Portfolio Leased ABR
 
 ABR PSF

 
 
1

The TJX Companies, Inc. (1)
 
 
89

 
 
2,761,536

 
3.4
%
 
$
29,640

 
3.1
%
 
$
10.73

 
 
2

The Kroger Co. (2)
 
 
62

 
 
4,114,068

 
5.0
%
 
29,102

 
3.1
%
 
7.07

 
 
3

Dollar Tree Stores, Inc. (3)
 
 
153

 
 
1,730,039

 
2.1
%
 
18,151

 
1.9
%
 
10.49

 
 
4

Publix Super Markets, Inc.
 
 
35

 
 
1,571,047

 
1.9
%
 
14,924

 
1.6
%
 
9.50

 
 
5

Ahold Delhaize (4)
 
 
25

 
 
1,351,798

 
1.7
%
 
14,116

 
1.5
%
 
10.44

 
 
6

Wal-Mart Stores, Inc. (5)
 
 
25

 
 
3,085,756

 
3.8
%
 
13,613

 
1.4
%
 
4.41

 
 
7

Albertson's Companies, Inc. (6)
 
 
21

 
 
1,194,862

 
1.5
%
 
12,758

 
1.4
%
 
10.68

 
 
8

Burlington Stores, Inc.
 
 
23

 
 
1,495,345

 
1.8
%
 
12,704

 
1.3
%
 
8.50

 
 
9

Ross Stores, Inc. (7)
 
 
33

 
 
894,967

 
1.1
%
 
10,257

 
1.1
%
 
11.46

 
 
10

L.A Fitness International, LLC
 
 
15

 
 
620,515

 
0.8
%
 
10,126

 
1.1
%
 
16.32

 
 
 
 
 
 
481

 
 
18,819,933

 
23.1
%
 
165,391

 
17.5
%
 
8.79

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
11

Bed Bath & Beyond, Inc. (8)
 
 
31

 
 
765,413

 
0.9
%
 
9,972

 
1.1
%
 
13.03

 
 
12

PetSmart, Inc. (9)
 
 
28

 
 
626,402

 
0.8
%
 
9,207

 
1.0
%
 
14.70

 
 
13

Big Lots, Inc.
 
 
43

 
 
1,424,192

 
1.7
%
 
9,192

 
1.0
%
 
6.45

 
 
14

PETCO Animal Supplies, Inc. (10)
 
 
37

 
 
493,684

 
0.6
%
 
8,389

 
0.9
%
 
16.99

 
 
15

Best Buy Co., Inc.
 
 
15

 
 
613,462

 
0.8
%
 
8,308

 
0.9
%
 
13.54

 
 
16

Party City Holdco Inc.
 
 
35

 
 
510,998

 
0.6
%
 
7,482

 
0.8
%
 
14.64

 
 
17

Office Depot, Inc. (11)
 
 
30

 
 
653,188

 
0.8
%
 
7,289

 
0.8
%
 
11.16

 
 
18

Staples, Inc.
 
 
27

 
 
562,443

 
0.7
%
 
7,063

 
0.7
%
 
12.56

 
 
19

The Michaels Companies, Inc.
 
 
26

 
 
581,254

 
0.7
%
 
6,785

 
0.7
%
 
11.67

 
 
20

Kohl's Corporation
 
 
11

 
 
907,322

 
1.1
%
 
6,743

 
0.7
%
 
7.43

 
 
 
 
 
 
764

 
 
25,958,291

 
31.8
%
 
245,821

 
26.1
%
 
9.47

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
21

DICK's Sporting Goods, Inc. (12)
 
 
12

 
 
466,963

 
0.6
%
 
6,591

 
0.7
%
 
14.11

 
 
22

Hobby Lobby Stores, Inc.
 
 
16

 
 
973,217

 
1.2
%
 
6,505

 
0.7
%
 
6.68

 
 
23

Sears Holdings Corporation (13)
 
 
14

 
 
1,366,196

 
1.7
%
 
5,858

 
0.6
%
 
4.29

 
 
24

Ulta Beauty, Inc. (14)
 
 
23

 
 
262,481

 
0.3
%
 
5,836

 
0.6
%
 
22.23

 
 
25

The Home Depot, Inc.
 
 
8

 
 
799,388

 
1.0
%
 
5,811

 
0.6
%
 
7.27

 
 
26

H.E. Butt Grocery Company (15)
 
 
7

 
 
419,204

 
0.5
%
 
5,419

 
0.6
%
 
12.93

 
 
27

Mattress Firm, Inc.
 
 
41

 
 
241,950

 
0.3
%
 
5,384

 
0.6
%
 
22.25

 
 
28

Ascena Retail Group, Inc. (16)
 
 
47

 
 
287,104

 
0.4
%
 
5,295

 
0.6
%
 
18.44

 
 
29

CVS Health
 
 
21

 
 
287,897

 
0.4
%
 
5,226

 
0.6
%
 
18.15

 
 
30

Southeastern Grocers (17)
 
 
14

 
 
653,809

 
0.8
%
 
4,949

 
0.5
%
 
7.57

 
 
31

Jo-Ann Stores, Inc.
 
 
22

 
 
417,926

 
0.5
%
 
4,578

 
0.5
%
 
10.95

 
 
32

DSW Inc.
 
 
14

 
 
268,691

 
0.3
%
 
4,376

 
0.5
%
 
16.29

 
 
33

Five Below, Inc.
 
 
27

 
 
231,190

 
0.3
%
 
4,356

 
0.5
%
 
18.84

 
 
34

Sally Beauty Holdings, Inc. (18)
 
 
109

 
 
191,382

 
0.2
%
 
4,306

 
0.5
%
 
22.50

 
 
35

Giant Eagle, Inc.
 
 
5

 
 
391,503

 
0.5
%
 
4,263

 
0.5
%
 
10.89

 
 
36

AMC Entertainment Holdings, Inc.
 
 
4

 
 
214,355

 
0.3
%
 
4,151

 
0.4
%
 
19.37

 
 
37

Gap, Inc. (19)
 
 
15

 
 
236,332

 
0.3
%
 
4,114

 
0.4
%
 
17.41

 
 
38

Walgreen Co.
 
 
17

 
 
246,409

 
0.3
%
 
4,066

 
0.4
%
 
16.50

 
 
39

JP Morgan Chase & Co.
 
 
29

 
 
106,968

 
0.1
%
 
4,052

 
0.4
%
 
37.88

 
 
40

Barnes & Noble, Inc.
 
 
10

 
 
224,673

 
0.3
%
 
4,023

 
0.4
%
 
17.91

 
 
 
TOTAL TOP 40 RETAILERS
 
1,219

 
 
34,245,929

 
42.1
%
 
$
344,980

 
36.7
%
 
$
10.07

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Includes T.J. Maxx-43, Marshalls-35, HomeGoods-10 and Sierra Trading Post-1.
(6) Includes Vons-4, Acme-3, Albertsons-3, Randalls-3, Tom Thumb-2,
 
(13) Includes Kmart-12 and Sears-2.
Excludes two leases at new development property.
Dominick's-2, Shaw's-2, Shop & Save Market-1 and Star Market-1.
 
(14) Excludes Ulta at new development property.
(2) Includes Kroger-50, King Soopers-3, Harris Teeter-2, Ralphs-2, Smith's-1,
(7) Includes Ross Dress for Less-30 and dd's Discounts-3.
 
(15) Includes H-E-B-6 and Central Market-1.
Pick ' N Save-2, Dillons-1, Food 4 Less-1, Ruler Foods-1 and Pay Less-1.
(8) Includes Bed Bath & Beyond-17, Harmon Face Values-6, Christmas
 
(16) Includes dressbarn-17, Catherines-10, Justice-7, Lane Bryant-7,
(3) Includes Dollar Tree-125, Family Dollar-27 and Deals$-1.
Tree Shops-4, Cost Plus World Market-2 and buybuy BABY-2.
 
maurices-5 and Ann Taylor-1.
(4) Includes Giant Food-9, Super Stop & Shop-6, Food Lion-5, Bottom Dollar Food-1,
(9) Excludes PetSmart at new development property.
 
(17) Includes Winn-Dixie-7, Harveys-3, BI-LO-2 and Fresco y Más-1.
Hannaford-1, Peapod-1, Stop & Shop-1 and Tops Market-1.
(10) Includes PETCO-36 and Unleashed-1.
 
(18) Includes Sally Beauty-103, Cosmoprof-8 and Macon Beauty Systems-1.
(5) Includes Supercenters-13, Discount Stores-6, Walmart Neighborhood
(11) Includes Office Depot-16 and OfficeMax-14.
 
(19) Includes Old Navy-11, GAP Factory-3 and Banana Republic-1.
Market-5 and Sam's Club-1.
(12) Includes DICK'S Sporting Goods-8 and Golf Galaxy-4.
 
 

Supplemental Disclosure - Three Months Ended March 31, 2018
Page 29
jpgstandardlogoa21.jpg




NEW & RENEWAL LEASE SUMMARY
Dollars in thousands, except per square foot amounts
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Tenant Improvements and Allowances PSF (1)
 
Third Party Leasing Commissions PSF
 
Weighted Average Lease Term (years)
 
Comparable Only
 
 
 
 
 
 
Leases
 
GLA
 
New ABR
 
New ABR PSF
 
 
 
 
Leases
 
GLA
 
New ABR PSF
 
Old ABR PSF
 
Rent
Spread
 
 
 
 
TOTAL - NEW, RENEWAL & OPTION LEASES
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended 3/31/18
 
440

 
2,745,080

 
$
39,606

 
$
14.43

 
$
8.90

 
$
1.63

 
7.3

 
371

 
2,228,858

 
$
14.76

 
$
12.89

 
14.5
%
 
 
 
 
Three months ended 12/31/17
 
461

 
2,918,966

 
42,641

 
14.61

 
7.35

 
1.24

 
6.0

 
381

 
2,537,208

 
14.41

 
12.65

 
13.9
%
 
 
 
 
Three months ended 9/30/17
 
486

 
3,419,078

 
48,573

 
14.21

 
7.19

 
0.93

 
6.3

 
396

 
3,023,756

 
13.99

 
12.70

 
10.2
%
 
 
 
 
Three months ended 6/30/17
 
511

 
2,896,416

 
42,514

 
14.68

 
6.78

 
1.11

 
6.2

 
416

 
2,407,695

 
14.56

 
12.81

 
13.7
%
 
 
 
 
TOTAL - TTM
 
1,898

 
11,979,540

 
$
173,334

 
$
14.47

 
$
7.52

 
$
1.21

 
6.4

 
1,564

 
10,197,517

 
$
14.40

 
$
12.75

 
12.9
%
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
NEW & RENEWAL LEASES ONLY
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended 3/31/18
 
395

 
2,046,088

 
$
31,087

 
$
15.19

 
$
11.94

 
$
2.19

 
8.0

 
326

 
1,529,866

 
$
15.93

 
$
13.65

 
16.7
%
 
 
 
 
Three months ended 12/31/17
 
412

 
2,318,617

 
35,039

 
15.11

 
9.23

 
1.57

 
6.3

 
332

 
1,936,859

 
14.96

 
12.90

 
16.0
%
 
 
 
 
Three months ended 9/30/17
 
393

 
2,088,931

 
31,305

 
14.99

 
11.76

 
1.52

 
7.1

 
303

 
1,693,609

 
14.78

 
13.11

 
12.7
%
 
 
 
 
Three months ended 6/30/17
 
437

 
1,870,289

 
31,133

 
16.65

 
10.50

 
1.72

 
7.0

 
342

 
1,381,568

 
17.13

 
14.66

 
16.8
%
 
 
 
 
TOTAL - TTM
 
1,637

 
8,323,925

 
$
128,564

 
$
15.45

 
$
10.81

 
$
1.74

 
7.1

 
1,303

 
6,541,902

 
$
15.60

 
$
13.50

 
15.6
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
NEW LEASES
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended 3/31/18
 
151

 
1,042,526

 
$
15,090

 
$
14.47

 
$
21.11

 
$
4.29

 
10.2

 
82

 
526,304

 
$
15.91

 
$
11.64

 
36.7
%
 
 
 
 
Three months ended 12/31/17
 
146

 
872,645

 
14,131

 
16.19

 
20.62

 
4.15

 
9.2

 
67

 
493,973

 
16.48

 
11.55

 
42.7
%
 
 
 
 
Three months ended 9/30/17
 
158

 
723,207

 
12,216

 
16.89

 
23.39

 
4.19

 
8.8

 
71

 
364,060

 
17.33

 
14.36

 
20.7
%
 
 
 
 
Three months ended 6/30/17
 
162

 
795,344

 
13,129

 
16.51

 
21.48

 
3.91

 
9.0

 
71

 
329,323

 
18.02

 
13.24

 
36.1
%
 
 
 
 
TOTAL - TTM
 
617

 
3,433,722

 
$
54,566

 
$
15.89

 
$
21.55

 
$
4.15

 
9.4

 
291

 
1,713,660

 
$
16.78

 
$
12.50

 
34.2
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
RENEWAL LEASES
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended 3/31/18
 
244

 
1,003,562

 
$
15,997

 
$
15.94

 
$
2.40

 
$

 
5.6

 
244

 
1,003,562

 
$
15.94

 
$
14.70

 
8.4
%
 
 
 
 
Three months ended 12/31/17
 
266

 
1,445,972

 
20,908

 
14.46

 
2.35

 
0.01

 
4.6

 
265

 
1,442,886

 
14.44

 
13.37

 
8.0
%
 
 
 
 
Three months ended 9/30/17
 
235

 
1,365,724

 
19,089

 
13.98

 
5.61

 
0.10

 
6.2

 
232

 
1,329,549

 
14.08

 
12.77

 
10.3
%
 
 
 
 
Three months ended 6/30/17
 
275

 
1,074,945

 
18,004

 
16.75

 
2.38

 
0.10

 
5.4

 
271

 
1,052,245

 
16.85

 
15.11

 
11.5
%
 
 
 
 
TOTAL - TTM
 
1,020

 
4,890,203

 
$
73,998

 
$
15.13

 
$
3.28

 
$
0.05

 
5.4

 
1,012

 
4,828,242

 
$
15.18

 
$
13.86

 
9.5
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
OPTION LEASES
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended 3/31/18
 
45

 
698,992

 
$
8,519

 
$
12.19

 
$

 
$

 
5.3

 
45

 
698,992

 
$
12.19

 
$
11.23

 
8.5
%
 
 
 
 
Three months ended 12/31/17
 
49

 
600,349

 
7,602

 
12.66

 
0.08

 

 
5.0

 
49

 
600,349

 
12.66

 
11.82

 
7.1
%
 
 
 
 
Three months ended 9/30/17
 
93

 
1,330,147

 
17,268

 
12.98

 

 

 
5.0

 
93

 
1,330,147

 
12.98

 
12.19

 
6.5
%
 
 
 
 
Three months ended 6/30/17
 
74

 
1,026,127

 
11,381

 
11.09

 

 

 
4.7

 
74

 
1,026,127

 
11.09

 
10.31

 
7.6
%
 
 
 
 
TOTAL - TTM
 
261

 
3,655,615

 
$
44,770

 
$
12.25

 
$
0.01

 
$

 
5.0

 
261

 
3,655,615

 
$
12.25

 
$
11.42

 
7.3
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
LEASES BY ANCHOR AND SMALL SHOP
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended 3/31/18
 
 
 
TTM Ended 3/31/18
 
 
 
 
 
 
 
 
% of Leases
 
% of GLA
 
% of ABR
 
New ABR PSF
 
Rent Spread (2)
 
 
 
% of Leases
 
% of GLA
 
% of ABR
 
New ABR PSF
 
Rent Spread (2)
 
 
 
Anchor Leases (≥ 10,000 SF)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total - New, Renewal & Option Leases
 
13
%
 
64
%
 
45
%
 
$
10.08

 
16.5
%
 
 
 
15
%
 
66
%
 
48
%
 
$
10.69

 
12.9
%
 
 
 
 
New & Renewal Leases Only
 
11
%
 
57
%
 
38
%
 
10.09

 
23.2
%
 
 
 
12
%
 
57
%
 
41
%
 
10.97

 
18.3
%
 
 
 
 
New Leases
 
 
 
17
%
 
69
%
 
49
%
 
10.32

 
54.9
%
 
 
 
15
%
 
62
%
 
46
%
 
11.86

 
44.1
%
 
 
 
 
Renewal Leases
 
 
 
8
%
 
44
%
 
27
%
 
9.74

 
6.1
%
 
 
 
10
%
 
54
%
 
37
%
 
10.25

 
8.5
%
 
 
 
 
Option Leases
 
 
 
31
%
 
84
%
 
70
%
 
10.05

 
8.8
%
 
 
 
37
%
 
84
%
 
70
%
 
10.26

 
6.8
%
 
 
 
Small Shop Leases (< 10,000 SF)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total - New, Renewal & Option Leases
 
87
%
 
36
%
 
55
%
 
$
22.09

 
13.0
%
 
 
 
85
%
 
34
%
 
52
%
 
$
21.66

 
12.8
%
 
 
 
 
New & Renewal Leases Only
 
89
%
 
43
%
 
62
%
 
21.89

 
13.9
%
 
 
 
88
%
 
43
%
 
59
%
 
21.50

 
13.8
%
 
 
 
 
New Leases
 
 
 
83
%
 
31
%
 
51
%
 
23.56

 
26.4
%
 
 
 
85
%
 
38
%
 
54
%
 
22.49

 
26.7
%
 
 
 
 
Renewal Leases
 
 
 
92
%
 
56
%
 
73
%
 
20.90

 
9.3
%
 
 
 
90
%
 
46
%
 
63
%
 
20.92

 
10.1
%
 
 
 
 
Option Leases
 
 
 
69
%
 
16
%
 
30
%
 
23.76

 
8.0
%
 
 
 
63
%
 
16
%
 
30
%
 
22.62

 
8.4
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Includes tenant specific landlord work.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(2) Comparable leases only.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Includes new development property. Excludes leases executed for terms of less than one year.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ABR PSF includes the GLA of lessee owned leasehold improvements.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Reflects portfolio statistics as reported for the specified period.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Supplemental Disclosure - Three Months Ended March 31, 2018
Page 30
jpgstandardlogoa21.jpg




NEW LEASE NET EFFECTIVE RENT & LEASES SIGNED BUT NOT YET COMMENCED
Dollars in thousands, except per square foot amounts
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
NEW LEASE NET EFFECTIVE RENT
NEW LEASE NET EFFECTIVE RENT
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Twelve Months Ended
 
Three Months Ended
 
 
 
 
 
 
3/31/18
 
3/31/18
 
12/31/17
 
9/30/17
 
6/30/17
 
3/31/17
 
 
 
NEW LEASES
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average over lease term:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Base rent
 
$
16.88

 
$
15.58

 
$
16.94

 
$
18.04

 
$
17.46

 
$
15.35

 
 
 
 
Tenant improvements and allowances
 
(2.29
)
 
(2.24
)
 
(2.17
)
 
(2.53
)
 
(2.29
)
 
(2.46
)
 
 
 
 
Tenant specific landlord work
 
(0.59
)
 
(0.60
)
 
(0.45
)
 
(0.51
)
 
(0.78
)
 
(0.42
)
 
 
 
 
Third party leasing commissions
 
(0.44
)
 
(0.44
)
 
(0.42
)
 
(0.47
)
 
(0.43
)
 
(0.40
)
 
 
 
EQUIVALENT NET EFFECTIVE RENT
 
$
13.56

 
$
12.30

 
$
13.90

 
$
14.53

 
$
13.96

 
$
12.07

 
 
 
Net effective rent / base rent
 
80
%
 
79
%
 
82
%
 
81
%
 
80
%
 
79
%
 
 
 
Weighted average term (years)
 
9.4

 
10.2

 
9.2

 
8.8

 
9.0

 
8.6

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PERCENT OF TOTAL EQUIVALENT NET EFFECTIVE RENT BY ANCHOR AND SMALL SHOP
 
 
 
 
 
 
 
 
 
 
≥ 10,000 SF
 
44
%
 
45
%
 
47
%
 
39
%
 
41
%
 
49
%
 
 
 
 
< 10,000 SF
 
56
%
 
55
%
 
53
%
 
61
%
 
59
%
 
51
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
LEASES SIGNED BUT NOT YET COMMENCED
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of 3/31/18:
 
Leases
 
GLA
 
ABR
 
ABR PSF
 
 
 
 
 
 
 
 
≥ 10,000 SF
 
62

 
1,613,635

 
$
20,056

 
$
12.43

 
 
 
 
 
 
 
 
< 10,000 SF
 
231

 
690,050

 
16,883

 
24.47

 
 
 
 
 
 
 
 
TOTAL
 
293

 
2,303,685

 
$
36,939

 
$
16.03

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Includes new development property.
 
 
 
 
 
 
 
 
 
 
 
 
 
ABR PSF includes the GLA of lessee owned leasehold improvements.
 
 
 
 
 
 
 
 
 
 
 
 
 
Reflects portfolio statistics as reported for the specified period.
 
 
 
 
 
 
 
 
 
 
 
 
 


Supplemental Disclosure - Three Months Ended March 31, 2018
Page 31
jpgstandardlogoa21.jpg




LEASE EXPIRATION SCHEDULE
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ASSUMES NO EXERCISE OF RENEWAL OPTIONS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
TOTAL PORTFOLIO
 
 
SPACES > 10,000 SF
 
 
SPACES < 10,000 SF
 
 
 
 
Number
 
 
 
% of
 
% of
 
 
 
ABR PSF
 
 
Number
 
 
 
% of
 
% of
 
 
 
ABR PSF
 
 
Number
 
 
 
% of
 
% of
 
 
 
ABR PSF
 
 
 
 
of
 
Leased
 
Leased
 
In-Place
 
In-place
 
at
 
 
of
 
Leased
 
Leased
 
In-Place
 
In-place
 
at
 
 
of
 
Leased
 
Leased
 
In-Place
 
In-place
 
at
 
 
 
 
Leases
 
GLA
 
GLA
 
ABR
 
ABR PSF
 
Expiration
 
 
Leases
 
GLA
 
GLA
 
ABR
 
ABR PSF
 
Expiration
 
 
Leases
 
GLA
 
GLA
 
ABR
 
ABR PSF
 
Expiration
 
 
M-M
 
405
 
1,144,469
 
1.5
%
 
1.9
%
 
$15.39
 
$15.39
 
 
12
 
299,355
 
0.5
%
 
0.5
%
 
$9.30
 
$9.30
 
 
393
 
845,114
 
4.1
%
 
3.5
%
 
$17.55
 
$17.55
 
 
2018
 
948
 
4,353,420
 
5.8
%
 
6.1
%
 
13.32
 
13.32
 
 
77
 
2,240,566
 
4.1
%
 
3.5
%
 
8.13
 
8.13
 
 
871
 
2,112,854
 
10.2
%
 
9.4
%
 
18.82
 
18.82
 
 
2019
 
1,463
 
10,489,734
 
13.9
%
 
12.9
%
 
11.64
 
11.69
 
 
212
 
7,060,998
 
12.9
%
 
11.2
%
 
8.20
 
8.21
 
 
1,251
 
3,428,736
 
16.6
%
 
15.1
%
 
18.72
 
18.86
 
 
2020
 
1,443
 
11,508,636
 
15.3
%
 
14.3
%
 
11.75
 
11.90
 
 
252
 
8,409,043
 
15.4
%
 
14.0
%
 
8.62
 
8.65
 
 
1,191
 
3,099,593
 
15.0
%
 
14.8
%
 
20.25
 
20.70
 
 
2021
 
1,188
 
10,021,086
 
13.3
%
 
12.7
%
 
11.95
 
12.20
 
 
214
 
7,325,603
 
13.4
%
 
12.5
%
 
8.88
 
8.93
 
 
974
 
2,695,483
 
13.1
%
 
12.9
%
 
20.29
 
21.08
 
 
2022
 
1,124
 
9,451,614
 
12.6
%
 
12.7
%
 
12.65
 
13.09
 
 
215
 
6,893,101
 
12.6
%
 
12.5
%
 
9.39
 
9.50
 
 
909
 
2,558,513
 
12.4
%
 
12.9
%
 
21.44
 
22.75
 
 
2023
 
705
 
6,489,026
 
8.6
%
 
8.8
%
 
12.82
 
13.44
 
 
175
 
4,780,449
 
8.7
%
 
9.2
%
 
10.01
 
10.31
 
 
530
 
1,708,577
 
8.3
%
 
8.3
%
 
20.66
 
22.19
 
 
2024
 
364
 
4,457,601
 
5.9
%
 
5.4
%
 
11.49
 
12.39
 
 
100
 
3,581,359
 
6.6
%
 
6.2
%
 
9.05
 
9.56
 
 
264
 
876,242
 
4.2
%
 
4.4
%
 
21.47
 
23.95
 
 
2025
 
286
 
3,233,118
 
4.3
%
 
4.7
%
 
13.60
 
14.75
 
 
86
 
2,483,190
 
4.5
%
 
5.4
%
 
11.23
 
11.88
 
 
200
 
749,928
 
3.6
%
 
3.8
%
 
21.45
 
24.25
 
 
2026
 
297
 
3,177,933
 
4.2
%
 
4.9
%
 
14.47
 
15.62
 
 
85
 
2,444,135
 
4.5
%
 
5.4
%
 
11.58
 
12.00
 
 
212
 
733,798
 
3.6
%
 
4.2
%
 
24.11
 
27.69
 
 
2027
 
336
 
3,355,273
 
4.5
%
 
5.0
%
 
14.07
 
16.09
 
 
80
 
2,491,121
 
4.6
%
 
5.3
%
 
11.00
 
12.32
 
 
256
 
864,152
 
4.2
%
 
4.7
%
 
22.90
 
26.94
 
 
2028+
 
449
 
7,600,070
 
10.1
%
 
10.6
%
 
13.15
 
15.17
 
 
184
 
6,629,866
 
12.1
%
 
14.3
%
 
11.20
 
12.69
 
 
265
 
970,204
 
4.7
%
 
6.1
%
 
26.48
 
32.13
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ASSUMES EXERCISE OF ALL RENEWAL OPTIONS (1)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
TOTAL PORTFOLIO
 
 
SPACES > 10,000 SF
 
 
SPACES < 10,000 SF
 
 
 
 
Number
 
 
 
% of
 
% of
 
 
 
ABR PSF
 
 
Number
 
 
 
% of
 
% of
 
 
 
ABR PSF
 
 
Number
 
 
 
% of
 
% of
 
 
 
ABR PSF
 
 
 
 
of
 
Leased
 
Leased
 
In-Place
 
In-place
 
at
 
 
of
 
Leased
 
Leased
 
In-Place
 
In-place
 
at
 
 
of
 
 
 
Leased
 
In-Place
 
In-place
 
at
 
 
 
 
Leases
 
GLA
 
GLA
 
ABR
 
ABR PSF
 
Expiration
 
 
Leases
 
GLA
 
GLA
 
ABR
 
ABR PSF
 
Expiration
 
 
Leases
 
GLA
 
GLA
 
ABR
 
ABR PSF
 
Expiration
 
 
M-M
 
405
 
1,144,469
 
1.5
%
 
1.9
%
 
$15.39
 
$15.39
 
 
12
 
299,355
 
0.5
%
 
0.5
%
 
$9.30
 
$9.30
 
 
393
 
845,114
 
4.1
%
 
3.5
%
 
$17.55
 
$17.55
 
 
2018
 
682
 
2,033,967
 
2.7
%
 
3.4
%
 
15.78
 
15.80
 
 
32
 
609,259
 
1.1
%
 
1.1
%
 
9.76
 
9.76
 
 
650
 
1,424,708
 
6.9
%
 
6.2
%
 
18.35
 
18.38
 
 
2019
 
900
 
3,635,653
 
4.8
%
 
5.2
%
 
13.59
 
13.67
 
 
59
 
1,566,713
 
2.9
%
 
2.2
%
 
7.18
 
7.18
 
 
841
 
2,068,940
 
10.0
%
 
9.0
%
 
18.45
 
18.59
 
 
2020
 
924
 
3,653,582
 
4.9
%
 
5.8
%
 
14.95
 
15.32
 
 
59
 
1,593,704
 
2.9
%
 
2.6
%
 
8.62
 
8.74
 
 
865
 
2,059,878
 
10.0
%
 
9.6
%
 
19.85
 
20.41
 
 
2021
 
777
 
2,747,485
 
3.6
%
 
4.9
%
 
16.80
 
17.55
 
 
43
 
979,444
 
1.8
%
 
1.9
%
 
10.05
 
10.31
 
 
734
 
1,768,041
 
8.6
%
 
8.6
%
 
20.54
 
21.56
 
 
2022
 
732
 
2,464,650
 
3.3
%
 
4.7
%
 
17.95
 
19.17
 
 
39
 
754,026
 
1.4
%
 
1.6
%
 
10.98
 
11.30
 
 
693
 
1,710,624
 
8.3
%
 
8.5
%
 
21.02
 
22.64
 
 
2023
 
539
 
2,482,336
 
3.3
%
 
4.2
%
 
15.80
 
16.99
 
 
56
 
1,106,461
 
2.0
%
 
2.1
%
 
9.85
 
10.33
 
 
483
 
1,375,875
 
6.7
%
 
6.7
%
 
20.58
 
22.34
 
 
2024
 
429
 
2,410,792
 
3.2
%
 
3.5
%
 
13.51
 
14.95
 
 
45
 
1,287,866
 
2.4
%
 
2.0
%
 
8.05
 
8.74
 
 
384
 
1,122,926
 
5.4
%
 
5.2
%
 
19.76
 
22.06
 
 
2025
 
338
 
2,398,952
 
3.2
%
 
3.3
%
 
12.95
 
14.35
 
 
62
 
1,597,927
 
2.9
%
 
2.8
%
 
8.99
 
9.88
 
 
276
 
801,025
 
3.9
%
 
3.9
%
 
20.84
 
23.25
 
 
2026
 
316
 
2,023,275
 
2.7
%
 
3.2
%
 
14.72
 
16.59
 
 
39
 
1,092,610
 
2.0
%
 
1.9
%
 
9.11
 
10.03
 
 
277
 
930,665
 
4.5
%
 
4.7
%
 
21.29
 
24.29
 
 
2027
 
348
 
2,473,987
 
3.3
%
 
3.7
%
 
14.20
 
16.29
 
 
67
 
1,636,071
 
3.0
%
 
3.3
%
 
10.34
 
11.42
 
 
281
 
837,916
 
4.1
%
 
4.3
%
 
21.74
 
25.82
 
 
2028+
 
2,618
 
47,812,832
 
63.5
%
 
56.4
%
 
11.12
 
16.69
 
 
1,179
 
42,115,350
 
77.1
%
 
78.0
%
 
9.61
 
14.99
 
 
1,439
 
5,697,482
 
27.6
%
 
29.9
%
 
22.28
 
29.27
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) ABR for leases whose future option rent is based on fair market value or on a percentage change in CPI is reported as the ABR for the last year of the current lease term.
ABR PSF includes the GLA of lessee owned leasehold improvements.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
LEASE RETENTION RATE
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
By Count

 
By GLA
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Twelve Months Ended 3/31/18
 
 
 
78.5%
 
82.7%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


Supplemental Disclosure - Three Months Ended March 31, 2018
Page 32
jpgstandardlogoa21.jpg




PROPERTIES BY LARGEST US MSAs
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dollars in thousands, except per square foot amounts
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Percent of
 
 
 
 
 
 
 
 
 
 
 
Number of
 
 
 
Percent
 
Percent
 
 
 
 
 
Number of
 
Percent
 
Percent
 
 
 
Largest US MSAs by 2017 Population
 
 
 
Properties
 
 GLA
 
Billed
 
Leased
 
 ABR
 
 ABR PSF
 
Properties
 
of GLA
 
of ABR
 
 
1

New York-Newark-Jersey City, NY-NJ-PA
 
 
 
29

 
3,626,803

 
90.5
%
 
92.3
%
 
$
65,917

 
$
19.91

 
6.0
%
 
4.4
%
 
7.0
%
 
 
2

Los Angeles-Long Beach-Anaheim, CA
 
 
 
10

 
1,730,573

 
97.1
%
 
98.7
%
 
31,585

 
20.33

 
2.1
%
 
2.1
%
 
3.3
%
 
 
3

Chicago-Naperville-Elgin, IL-IN-WI
 
 
 
15

 
3,912,618

 
81.3
%
 
83.4
%
 
42,008

 
13.75

 
3.1
%
 
4.8
%
 
4.5
%
 
 
4

Dallas-Fort Worth-Arlington, TX
 
 
 
16

 
3,201,534

 
87.1
%
 
92.1
%
 
44,910

 
15.75

 
3.3
%
 
3.9
%
 
4.8
%
 
 
5

Houston-The Woodlands-Sugar Land, TX
 
 
 
36

 
4,535,517

 
87.8
%
 
91.0
%
 
48,533

 
12.32

 
7.5
%
 
5.5
%
 
5.1
%
 
 
6

Washington-Arlington-Alexandria, DC-VA-MD-WV
 
 
3

 
451,260

 
97.2
%
 
97.2
%
 
4,982

 
11.36

 
0.6
%
 
0.6
%
 
0.5
%
 
 
7

Miami-Fort Lauderdale-West Palm Beach, FL
 
 
9

 
1,487,897

 
86.7
%
 
88.4
%
 
17,918

 
14.21

 
1.9
%
 
1.8
%
 
1.9
%
 
 
8

Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
 
 
 
25

 
4,041,998

 
93.6
%
 
95.1
%
 
55,528

 
16.56

 
5.2
%
 
4.9
%
 
5.9
%
 
 
9

Atlanta-Sandy Springs-Roswell, GA
 
 
 
25

 
3,644,065

 
92.2
%
 
92.8
%
 
37,445

 
11.38

 
5.2
%
 
4.5
%
 
4.0
%
 
 
10

Boston-Cambridge-Newton, MA-NH
 
 
 
6

 
707,909

 
95.2
%
 
95.9
%
 
8,420

 
12.46

 
1.3
%
 
0.9
%
 
0.9
%
 
 
 
Top 10 Largest US MSAs by Population
 
 
 
174

 
27,340,174

 
89.5
%
 
91.6
%
 
357,246

 
15.06

 
36.2
%
 
33.4
%
 
37.9
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
11

Phoenix-Mesa-Scottsdale, AZ
 
 
 
1

 
119,525

 
85.5
%
 
85.5
%
 
1,308

 
12.80

 
0.2
%
 
0.1
%
 
0.1
%
 
 
12

San Francisco-Oakland-Hayward, CA
 
 
 
2

 
506,531

 
91.2
%
 
95.1
%
 
10,074

 
26.13

 
0.4
%
 
0.6
%
 
1.1
%
 
 
13

Riverside-San Bernardino-Ontario, CA
 
 
 
5

 
637,436

 
94.9
%
 
95.1
%
 
8,890

 
16.10

 
1.0
%
 
0.8
%
 
0.9
%
 
 
14

Detroit-Warren-Dearborn, MI
 
 
 
8

 
1,436,695

 
85.4
%
 
91.4
%
 
14,846

 
12.69

 
1.7
%
 
1.8
%
 
1.6
%
 
 
15

Seattle-Tacoma-Bellevue, WA
 
 
 
0

 

 

 

 

 

 

 

 

 
 
16

Minneapolis-St. Paul-Bloomington, MN-WI
 
 
 
8

 
1,179,747

 
87.4
%
 
89.7
%
 
13,241

 
13.34

 
1.7
%
 
1.4
%
 
1.4
%
 
 
17

San Diego-Carlsbad, CA
 
 
 
3

 
644,902

 
84.1
%
 
98.4
%
 
13,380

 
21.57

 
0.6
%
 
0.8
%
 
1.4
%
 
 
18

Tampa-St. Petersburg-Clearwater, FL
 
 
 
15

 
2,407,331

 
90.1
%
 
90.8
%
 
27,989

 
13.86

 
3.1
%
 
2.9
%
 
3.0
%
 
 
19

Denver-Aurora-Lakewood, CO
 
 
 
5

 
1,194,088

 
88.4
%
 
94.2
%
 
15,281

 
13.66

 
1.0
%
 
1.5
%
 
1.6
%
 
 
20

Baltimore-Columbia-Towson, MD
 
 
 
1

 
57,954

 
97.1
%
 
97.1
%
 
938

 
16.67

 
0.2
%
 
0.1
%
 
0.1
%
 
 
 
Top 20 Largest US MSAs by Population
 
 
 
222

 
35,524,383

 
89.3
%
 
91.8
%
 
463,193

 
15.07

 
46.1
%
 
43.4
%
 
49.1
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
21

St. Louis, MO-IL
 
 
 
2

 
209,036

 
83.5
%
 
95.7
%
 
2,166

 
11.00

 
0.4
%
 
0.3
%
 
0.2
%
 
 
22

Charlotte-Concord-Gastonia, NC-SC
 
 
 
5

 
1,637,636

 
94.1
%
 
94.5
%
 
14,695

 
10.41

 
1.0
%
 
2.0
%
 
1.6
%
 
 
23

Orlando-Kissimmee-Sanford, FL
 
 
 
5

 
806,531

 
83.7
%
 
93.2
%
 
14,494

 
19.59

 
1.0
%
 
1.0
%
 
1.5
%
 
 
24

San Antonio-New Braunfels, TX
 
 
 
0

 

 

 

 

 

 

 

 

 
 
25

Portland-Vancouver-Hillsboro, OR-WA
 
 
 
0

 

 

 

 

 

 

 

 

 
 
26

Pittsburgh, PA
 
 
 
1

 
199,079

 
100.0
%
 
100.0
%
 
1,947

 
10.84

 
0.2
%
 
0.2
%
 
0.2
%
 
 
27

Sacramento--Roseville--Arden-Arcade, CA
 
 
 
1

 
103,695

 
92.8
%
 
92.8
%
 
1,914

 
19.88

 
0.2
%
 
0.1
%
 
0.2
%
 
 
28

Las Vegas-Henderson-Paradise, NV
 
 
 
0

 

 

 

 

 

 

 

 

 
 
29

Cincinnati, OH-KY-IN
 
 
 
7

 
1,930,720

 
93.8
%
 
94.6
%
 
21,139

 
14.66

 
1.5
%
 
2.4
%
 
2.2
%
 
 
30

Kansas City, MO-KS
 
 
 
4

 
601,926

 
89.0
%
 
90.0
%
 
4,441

 
8.34

 
0.8
%
 
0.7
%
 
0.5
%
 
 
31

Austin-Round Rock, TX
 
 
 
1

 
168,112

 
77.1
%
 
77.1
%
 
1,586

 
12.23

 
0.2
%
 
0.2
%
 
0.2
%
 
 
32

Columbus, OH
 
 
 
4

 
449,488

 
86.4
%
 
89.0
%
 
3,990

 
10.49

 
0.8
%
 
0.5
%
 
0.4
%
 
 
33

Cleveland-Elyria, OH
 
 
 
4

 
1,021,816

 
93.9
%
 
93.9
%
 
11,230

 
11.74

 
0.8
%
 
1.3
%
 
1.2
%
 
 
34

Indianapolis-Carmel-Anderson, IN
 
 
 
4

 
894,681

 
80.1
%
 
89.0
%
 
7,487

 
9.43

 
0.8
%
 
1.1
%
 
0.8
%
 
 
35

San Jose-Sunnyvale-Santa Clara, CA
 
 
 
0

 

 

 

 

 

 

 

 

 
 
36

Nashville-Davidson--Murfreesboro--Franklin, TN
 
 
 
6

 
1,012,013

 
93.2
%
 
93.8
%
 
10,639

 
11.23

 
1.3
%
 
1.2
%
 
1.1
%
 
 
37

Virginia Beach-Norfolk-Newport News, VA-NC
 
 
 
1

 
150,300

 
74.6
%
 
90.7
%
 
2,513

 
18.64

 
0.2
%
 
0.2
%
 
0.3
%
 
 
38

Providence-Warwick, RI-MA
 
 
 
0

 

 

 

 

 

 

 

 

 
 
39

Milwaukee-Waukesha-West Allis, WI
 
 
 
4

 
704,098

 
90.7
%
 
92.0
%
 
6,677

 
10.74

 
0.8
%
 
0.9
%
 
0.7
%
 
 
40

Jacksonville, FL
 
 
 
5

 
834,493

 
79.0
%
 
81.0
%
 
8,339

 
12.90

 
1.0
%
 
1.0
%
 
0.9
%
 
 
41

Oklahoma City, OK
 
 
 
0

 

 

 

 

 

 

 

 

 
 
42

Memphis, TN-MS-AR
 
 
 
1

 
659,193

 
82.5
%
 
82.5
%
 
8,189

 
15.51

 
0.2
%
 
0.8
%
 
0.9
%
 

Supplemental Disclosure - Three Months Ended March 31, 2018
Page 33
jpgstandardlogoa21.jpg




PROPERTIES BY LARGEST US MSAs
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dollars in thousands, except per square foot amounts
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Percent of
 
 
 
 
 
 
 
 
 
 
 
Number of
 
 
 
Percent
 
Percent
 
 
 
 
 
Number of
 
Percent
 
Percent
 
 
 
Largest US MSAs by 2017 Population
 
 
 
Properties
 
 GLA
 
Billed
 
Leased
 
 ABR
 
 ABR PSF
 
Properties
 
of GLA
 
of ABR
 
 
43

Raleigh, NC
 
 
 
2

 
291,027

 
88.6
%
 
88.6
%
 
3,365

 
13.16

 
0.4
%
 
0.4
%
 
0.4
%
 
 
44

Richmond, VA
 
 
 
2

 
220,462

 
94.9
%
 
97.8
%
 
3,185

 
14.77

 
0.4
%
 
0.3
%
 
0.3
%
 
 
45

Louisville/Jefferson County, KY-IN
 
 
 
4

 
707,728

 
94.7
%
 
95.1
%
 
7,046

 
10.76

 
0.8
%
 
0.9
%
 
0.7
%
 
 
46

New Orleans-Metairie, LA
 
 
 
0

 

 

 

 

 

 

 

 

 
 
47

Hartford-West Hartford-East Hartford, CT
 
 
 
4

 
895,991

 
93.3
%
 
96.1
%
 
12,102

 
16.70

 
0.8
%
 
1.1
%
 
1.3
%
 
 
48

Salt Lake City, UT
 
 
 
0

 

 

 

 

 

 

 

 

 
 
49

Birmingham-Hoover, AL
 
 
 
0

 

 

 

 

 

 

 

 

 
 
50

Buffalo-Cheektowaga-Niagara Falls, NY
 
 
 
0

 

 

 

 

 

 

 

 

 
 
 
Top 50 Largest US MSAs by Population
 
 
 
289

 
49,022,408

 
89.4
%
 
91.9
%
 
610,337

 
14.42

 
60.2
%
 
60.0
%
 
64.7
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
MSAs Ranked 51 - 100 by Population
 
 
 
62

 
11,338,184

 
90.0
%
 
92.0
%
 
120,569

 
12.86

 
12.9
%
 
13.9
%
 
12.8
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other MSAs
 
 
 
129

 
21,371,990

 
90.7
%
 
92.7
%
 
212,828

 
12.08

 
26.8
%
 
26.1
%
 
22.5
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
TOTAL
 
 
 
480

 
81,732,582

 
89.8
%
 
92.1
%
 
$
943,734

 
$
13.61

 
100.0
%
 
100.0
%
 
100.0
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 




Supplemental Disclosure - Three Months Ended March 31, 2018
Page 34
jpgstandardlogoa21.jpg




LARGEST MSAs BY ABR
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dollars in thousands, except per square foot amounts
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Percent of
 
 
 
 
 
 
 
 
 
 
 
Number of
 
 
 
Percent
 
Percent
 
 
 
 
 
Number of
 
Percent
 
Percent
 
 
 
Largest MSAs by ABR
 
MSA Rank
 
Properties
 
 GLA
 
Billed
 
Leased
 
 ABR
 
 ABR PSF
 
Properties
 
of GLA
 
of ABR
 
 
1

New York-Newark-Jersey City, NY-NJ-PA
 
1
 
29

 
3,626,803

 
90.5
%
 
92.3
%
 
$
65,917

 
$
19.91

 
6.0
%
 
4.4
%
 
7.0
%
 
 
2

Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
8
 
25

 
4,041,998

 
93.6
%
 
95.1
%
 
55,528

 
16.56

 
5.2
%
 
4.9
%
 
5.9
%
 
 
3

Houston-The Woodlands-Sugar Land, TX
 
5
 
36

 
4,535,517

 
87.8
%
 
91.0
%
 
48,533

 
12.32

 
7.5
%
 
5.5
%
 
5.1
%
 
 
4

Dallas-Fort Worth-Arlington, TX
 
4
 
16

 
3,201,534

 
87.1
%
 
92.1
%
 
44,910

 
15.75

 
3.3
%
 
3.9
%
 
4.8
%
 
 
5

Chicago-Naperville-Elgin, IL-IN-WI
 
3
 
15

 
3,912,618

 
81.3
%
 
83.4
%
 
42,008

 
13.75

 
3.1
%
 
4.8
%
 
4.5
%
 
 
6

Atlanta-Sandy Springs-Roswell, GA
 
9
 
25

 
3,644,065

 
92.2
%
 
92.8
%
 
37,445

 
11.38

 
5.2
%
 
4.5
%
 
4.0
%
 
 
7

Los Angeles-Long Beach-Anaheim, CA
 
2
 
10

 
1,730,573

 
97.1
%
 
98.7
%
 
31,585

 
20.33

 
2.1
%
 
2.1
%
 
3.3
%
 
 
8

Tampa-St. Petersburg-Clearwater, FL
 
18
 
15

 
2,407,331

 
90.1
%
 
90.8
%
 
27,989

 
13.86

 
3.1
%
 
2.9
%
 
3.0
%
 
 
9

Cincinnati, OH-KY-IN
 
29
 
7

 
1,930,720

 
93.8
%
 
94.6
%
 
21,139

 
14.66

 
1.5
%
 
2.4
%
 
2.2
%
 
 
10

Miami-Fort Lauderdale-West Palm Beach, FL
 
7
 
9

 
1,487,897

 
86.7
%
 
88.4
%
 
17,918

 
14.21

 
1.9
%
 
1.8
%
 
1.9
%
 
 
 
10 Largest MSAs by ABR
 
 
187

 
30,519,056

 
89.5
%
 
91.6
%
 
392,972

 
15.07

 
38.9
%
 
37.2
%
 
41.7
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
11

Denver-Aurora-Lakewood, CO
 
19
 
5

 
1,194,088

 
88.4
%
 
94.2
%
 
15,281

 
13.66

 
1.0
%
 
1.5
%
 
1.6
%
 
 
12

Detroit-Warren-Dearborn, MI
 
14
 
8

 
1,436,695

 
85.4
%
 
91.4
%
 
14,846

 
12.69

 
1.7
%
 
1.8
%
 
1.6
%
 
 
13

Charlotte-Concord-Gastonia, NC-SC
 
22
 
5

 
1,637,636

 
94.1
%
 
94.5
%
 
14,695

 
10.41

 
1.0
%
 
2.0
%
 
1.6
%
 
 
14

Orlando-Kissimmee-Sanford, FL
 
23
 
5

 
806,531

 
83.7
%
 
93.2
%
 
14,494

 
19.59

 
1.0
%
 
1.0
%
 
1.5
%
 
 
15

Allentown-Bethlehem-Easton, PA-NJ
 
69
 
5

 
1,294,979

 
95.8
%
 
95.9
%
 
13,955

 
13.46

 
1.0
%
 
1.6
%
 
1.5
%
 
 
16

San Diego-Carlsbad, CA
 
17
 
3

 
644,902

 
84.1
%
 
98.4
%
 
13,380

 
21.57

 
0.6
%
 
0.8
%
 
1.4
%
 
 
17

Minneapolis-St. Paul-Bloomington, MN-WI
 
16
 
8

 
1,179,747

 
87.4
%
 
89.7
%
 
13,241

 
13.34

 
1.7
%
 
1.4
%
 
1.4
%
 
 
18

Ann Arbor, MI
 
146
 
4

 
1,074,021

 
89.3
%
 
94.4
%
 
12,458

 
14.55

 
0.8
%
 
1.3
%
 
1.3
%
 
 
19

Hartford-West Hartford-East Hartford, CT
 
47
 
4

 
895,991

 
93.3
%
 
96.1
%
 
12,102

 
16.70

 
0.8
%
 
1.1
%
 
1.3
%
 
 
20

Naples-Immokalee-Marco Island, FL
 
144
 
4

 
778,113

 
94.2
%
 
95.8
%
 
11,934

 
16.39

 
0.8
%
 
1.0
%
 
1.3
%
 
 
 
20 Largest MSAs by ABR
 
 
238

 
41,461,759

 
89.6
%
 
92.2
%
 
529,358

 
14.92

 
49.3
%
 
50.7
%
 
56.2
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
21

Oxnard-Thousand Oaks-Ventura, CA
 
67
 
3

 
677,512

 
96.1
%
 
99.0
%
 
11,573

 
17.61

 
0.6
%
 
0.8
%
 
1.2
%
 
 
22

Cleveland-Elyria, OH
 
33
 
4

 
1,021,816

 
93.9
%
 
93.9
%
 
11,230

 
11.74

 
0.8
%
 
1.3
%
 
1.2
%
 
 
23

Nashville-Davidson--Murfreesboro--Franklin, TN
 
36
 
6

 
1,012,013

 
93.2
%
 
93.8
%
 
10,639

 
11.23

 
1.3
%
 
1.2
%
 
1.1
%
 
 
24

Binghamton, NY
 
192
 
4

 
751,207

 
99.1
%
 
99.2
%
 
10,480

 
14.07

 
0.8
%
 
0.9
%
 
1.1
%
 
 
25

San Francisco-Oakland-Hayward, CA
 
12
 
2

 
506,531

 
91.2
%
 
95.1
%
 
10,074

 
26.13

 
0.4
%
 
0.6
%
 
1.1
%
 
 
26

Riverside-San Bernardino-Ontario, CA
 
13
 
5

 
637,436

 
94.9
%
 
95.1
%
 
8,890

 
16.10

 
1.0
%
 
0.8
%
 
0.9
%
 
 
27

Vallejo-Fairfield, CA
 
121
 
1

 
519,223

 
94.3
%
 
95.1
%
 
8,876

 
18.20

 
0.2
%
 
0.6
%
 
0.9
%
 
 
28

Boston-Cambridge-Newton, MA-NH
 
10
 
6

 
707,909

 
95.2
%
 
95.9
%
 
8,420

 
12.46

 
1.3
%
 
0.9
%
 
0.9
%
 
 
29

Jacksonville, FL
 
40
 
5

 
834,493

 
79.0
%
 
81.0
%
 
8,339

 
12.90

 
1.0
%
 
1.0
%
 
0.9
%
 
 
30

Memphis, TN-MS-AR
 
42
 
1

 
659,193

 
82.5
%
 
82.5
%
 
8,189

 
15.51

 
0.2
%
 
0.8
%
 
0.9
%
 
 
31

Port St. Lucie, FL
 
111
 
5

 
636,145

 
83.3
%
 
85.7
%
 
7,934

 
14.67

 
1.0
%
 
0.8
%
 
0.8
%
 
 
32

North Port-Sarasota-Bradenton, FL
 
72
 
5

 
732,037

 
91.9
%
 
93.3
%
 
7,659

 
11.28

 
1.0
%
 
0.9
%
 
0.8
%
 
 
33

Fresno, CA
 
55
 
2

 
442,299

 
96.6
%
 
96.6
%
 
7,523

 
17.86

 
0.4
%
 
0.5
%
 
0.8
%
 
 
34

Indianapolis-Carmel-Anderson, IN
 
34
 
4

 
894,681

 
80.1
%
 
89.0
%
 
7,487

 
9.43

 
0.8
%
 
1.1
%
 
0.8
%
 
 
35

New Haven-Milford, CT
 
66
 
5

 
546,407

 
91.2
%
 
92.3
%
 
7,053

 
13.99

 
1.0
%
 
0.7
%
 
0.7
%
 
 
36

Louisville/Jefferson County, KY-IN
 
45
 
4

 
707,728

 
94.7
%
 
95.1
%
 
7,046

 
10.76

 
0.8
%
 
0.9
%
 
0.7
%
 
 
37

Norwich-New London, CT
 
182
 
2

 
433,532

 
96.5
%
 
97.3
%
 
6,951

 
16.48

 
0.4
%
 
0.5
%
 
0.7
%
 
 
38

Milwaukee-Waukesha-West Allis, WI
 
39
 
4

 
704,098

 
90.7
%
 
92.0
%
 
6,677

 
10.74

 
0.8
%
 
0.9
%
 
0.7
%
 
 
39

Springfield, MA
 
90
 
3

 
450,901

 
96.7
%
 
97.4
%
 
5,593

 
15.02

 
0.6
%
 
0.6
%
 
0.6
%
 
 
40

Worcester, MA-CT
 
58
 
3

 
517,910

 
85.2
%
 
89.3
%
 
5,571

 
14.41

 
0.6
%
 
0.6
%
 
0.6
%
 
 
41

College Station-Bryan, TX
 
189
 
4

 
491,463

 
92.5
%
 
92.5
%
 
5,445

 
14.47

 
0.8
%
 
0.6
%
 
0.6
%
 

Supplemental Disclosure - Three Months Ended March 31, 2018
Page 35
jpgstandardlogoa21.jpg




LARGEST MSAs BY ABR
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dollars in thousands, except per square foot amounts
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Percent of
 
 
 
 
 
 
 
 
 
 
 
Number of
 
 
 
Percent
 
Percent
 
 
 
 
 
Number of
 
Percent
 
Percent
 
 
 
Largest MSAs by ABR
 
MSA Rank
 
Properties
 
 GLA
 
Billed
 
Leased
 
 ABR
 
 ABR PSF
 
Properties
 
of GLA
 
of ABR
 
 
42

Corpus Christi, TX
 
118
 
4

 
563,740

 
92.1
%
 
93.4
%
 
5,421

 
12.33

 
0.8
%
 
0.7
%
 
0.6
%
 
 
43

Scranton--Wilkes-Barre--Hazleton, PA
 
100
 
2

 
620,309

 
83.7
%
 
94.8
%
 
5,412

 
21.48

 
0.4
%
 
0.8
%
 
0.6
%
 
 
44

Wilmington, NC
 
168
 
2

 
379,107

 
97.2
%
 
97.2
%
 
5,391

 
14.78

 
0.4
%
 
0.5
%
 
0.6
%
 
 
45

Dayton, OH
 
73
 
3

 
534,385

 
93.3
%
 
94.5
%
 
5,190

 
12.44

 
0.6
%
 
0.7
%
 
0.5
%
 
 
46

Greensboro-High Point, NC
 
75
 
1

 
406,768

 
99.5
%
 
100.0
%
 
5,129

 
14.74

 
0.2
%
 
0.5
%
 
0.5
%
 
 
47

Winston-Salem, NC
 
83
 
3

 
439,161

 
90.7
%
 
91.4
%
 
5,077

 
13.28

 
0.6
%
 
0.5
%
 
0.5
%
 
 
48

Washington-Arlington-Alexandria, DC-VA-MD-WV
6
 
3

 
451,260

 
97.2
%
 
97.2
%
 
4,982

 
11.36

 
0.6
%
 
0.6
%
 
0.5
%
 
 
49

Kansas City, MO-KS
30
 
4

 
601,926

 
89.0
%
 
90.0
%
 
4,441

 
8.34

 
0.8
%
 
0.7
%
 
0.5
%
 
 
50

Roanoke, VA
 
160
 
4

 
522,210

 
91.8
%
 
92.2
%
 
4,037

 
9.55

 
0.8
%
 
0.6
%
 
0.4
%
 
 
 
50 Largest MSAs by ABR
 
 
342

 
59,865,159

 
90.2
%
 
92.5
%
 
746,087

 
14.51

 
70.3
%
 
73.3
%
 
78.9
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
51

Charleston-North Charleston, SC
 
74
 
2

 
496,571

 
83.8
%
 
89.8
%
 
4,006

 
9.05

 
0.4
%
 
0.6
%
 
0.4
%
 
 
52

Columbus, OH
 
32
 
4

 
449,488

 
86.4
%
 
89.0
%
 
3,990

 
10.49

 
0.8
%
 
0.5
%
 
0.4
%
 
 
53

Manchester-Nashua, NH
 
131
 
2

 
348,189

 
85.4
%
 
85.4
%
 
3,949

 
23.57

 
0.4
%
 
0.4
%
 
0.4
%
 
 
54

Pittsfield, MA
 
326
 
1

 
436,854

 
97.5
%
 
98.6
%
 
3,933

 
21.06

 
0.2
%
 
0.5
%
 
0.4
%
 
 
55

Boulder, CO
 
155
 
1

 
279,204

 
81.0
%
 
81.9
%
 
3,914

 
17.11

 
0.2
%
 
0.3
%
 
0.4
%
 
 
56

Panama City, FL
 
224
 
2

 
397,512

 
99.2
%
 
99.2
%
 
3,705

 
9.40

 
0.4
%
 
0.5
%
 
0.4
%
 
 
57

Spartanburg, SC
 
153
 
1

 
360,277

 
88.9
%
 
88.9
%
 
3,656

 
12.01

 
0.2
%
 
0.4
%
 
0.4
%
 
 
58

Greenville-Anderson-Mauldin, SC
 
61
 
2

 
220,723

 
99.3
%
 
99.3
%
 
3,592

 
16.39

 
0.4
%
 
0.3
%
 
0.4
%
 
 
59

Saginaw, MI
 
229
 
2

 
429,188

 
96.6
%
 
96.9
%
 
3,481

 
11.80

 
0.4
%
 
0.5
%
 
0.4
%
 
 
60

Raleigh, NC
 
43
 
2

 
291,027

 
88.6
%
 
88.6
%
 
3,365

 
13.16

 
0.4
%
 
0.4
%
 
0.4
%
 
 
61

Atlantic City-Hammonton, NJ
 
181
 
1

 
179,199

 
99.1
%
 
99.1
%
 
3,364

 
18.94

 
0.2
%
 
0.2
%
 
0.4
%
 
 
62

Bakersfield, CA
 
62
 
1

 
240,090

 
90.8
%
 
90.8
%
 
3,355

 
15.69

 
0.2
%
 
0.3
%
 
0.4
%
 
 
63

Mobile, AL
 
129
 
1

 
580,684

 
47.6
%
 
63.2
%
 
3,291

 
9.17

 
0.2
%
 
0.7
%
 
0.3
%
 
 
64

Hilton Head Island-Bluffton-Beaufort, SC
 
210
 
2

 
230,352

 
94.5
%
 
96.9
%
 
3,276

 
14.67

 
0.4
%
 
0.3
%
 
0.3
%
 
 
65

Richmond, VA
 
44
 
2

 
220,462

 
94.9
%
 
97.8
%
 
3,185

 
14.77

 
0.4
%
 
0.3
%
 
0.3
%
 
 
66

Toledo, OH
 
92
 
2

 
600,793

 
74.7
%
 
74.7
%
 
3,122

 
9.42

 
0.4
%
 
0.7
%
 
0.3
%
 
 
67

Jackson, MS
 
95
 
2

 
333,275

 
88.6
%
 
88.6
%
 
3,077

 
10.91

 
0.4
%
 
0.4
%
 
0.3
%
 
 
68

Greenville, NC
 
240
 
1

 
233,153

 
96.2
%
 
96.2
%
 
3,039

 
13.55

 
0.2
%
 
0.3
%
 
0.3
%
 
 
69

Traverse City, MI
 
289
 
1

 
411,758

 
99.1
%
 
100.0
%
 
3,010

 
27.02

 
0.2
%
 
0.5
%
 
0.3
%
 
 
70

Odessa, TX
 
268
 
1

 
365,534

 
93.2
%
 
100.0
%
 
3,002

 
13.14

 
0.2
%
 
0.4
%
 
0.3
%
 
 
71

Des Moines-West Des Moines, IA
 
88
 
2

 
513,385

 
95.9
%
 
95.9
%
 
2,969

 
6.09

 
0.4
%
 
0.6
%
 
0.3
%
 
 
72

Lafayette, LA
 
108
 
3

 
440,104

 
91.6
%
 
93.1
%
 
2,862

 
7.63

 
0.6
%
 
0.5
%
 
0.3
%
 
 
73

Tullahoma-Manchester, TN
 
377
 
3

 
433,744

 
97.0
%
 
97.0
%
 
2,848

 
6.77

 
0.6
%
 
0.5
%
 
0.3
%
 
 
74

Blacksburg-Christiansburg-Radford, VA
 
233
 
1

 
181,055

 
100.0
%
 
100.0
%
 
2,755

 
15.47

 
0.2
%
 
0.2
%
 
0.3
%
 
 
75

Lancaster, PA
 
102
 
3

 
236,006

 
96.2
%
 
99.4
%
 
2,618

 
11.16

 
0.6
%
 
0.3
%
 
0.3
%
 
 
76

Savannah, GA
 
137
 
2

 
224,181

 
74.8
%
 
89.6
%
 
2,567

 
12.96

 
0.4
%
 
0.3
%
 
0.3
%
 
 
77

Virginia Beach-Norfolk-Newport News, VA-NC
 
37
 
1

 
150,300

 
74.6
%
 
90.7
%
 
2,513

 
18.64

 
0.2
%
 
0.2
%
 
0.3
%
 
 
78

Chattanooga, TN-GA
 
99
 
2

 
339,426

 
96.6
%
 
96.6
%
 
2,471

 
8.16

 
0.4
%
 
0.4
%
 
0.3
%
 
 
79

Fort Wayne, IN
 
125
 
2

 
253,951

 
83.1
%
 
83.1
%
 
2,452

 
13.51

 
0.4
%
 
0.3
%
 
0.3
%
 
 
80

Bridgeport-Stamford-Norwalk, CT
 
57
 
1

 
161,075

 
86.1
%
 
86.1
%
 
2,393

 
17.25

 
0.2
%
 
0.2
%
 
0.3
%
 
 
81

Dover, DE
 
244
 
1

 
191,974

 
93.3
%
 
99.0
%
 
2,336

 
12.30

 
0.2
%
 
0.2
%
 
0.2
%
 
 
82

Merced, CA
 
178
 
1

 
147,557

 
96.1
%
 
96.1
%
 
2,263

 
15.95

 
0.2
%
 
0.2
%
 
0.2
%
 
 
83

Elkhart-Goshen, IN
 
221
 
2

 
329,319

 
86.3
%
 
86.3
%
 
2,207

 
18.56

 
0.4
%
 
0.4
%
 
0.2
%
 
 
84

Duluth, MN-WI
 
174
 
1

 
182,969

 
97.7
%
 
97.7
%
 
2,175

 
12.17

 
0.2
%
 
0.2
%
 
0.2
%
 

Supplemental Disclosure - Three Months Ended March 31, 2018
Page 36
jpgstandardlogoa21.jpg




LARGEST MSAs BY ABR
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dollars in thousands, except per square foot amounts
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Percent of
 
 
 
 
 
 
 
 
 
 
 
Number of
 
 
 
Percent
 
Percent
 
 
 
 
 
Number of
 
Percent
 
Percent
 
 
 
Largest MSAs by ABR
 
MSA Rank
 
Properties
 
 GLA
 
Billed
 
Leased
 
 ABR
 
 ABR PSF
 
Properties
 
of GLA
 
of ABR
 
 
85

St. Louis, MO-IL
 
21
 
2

 
209,036

 
83.5
%
 
95.7
%
 
2,166

 
11.00

 
0.4
%
 
0.3
%
 
0.2
%
 
 
86

Hickory-Lenoir-Morganton, NC
 
147
 
2

 
284,984

 
73.6
%
 
79.5
%
 
2,073

 
9.15

 
0.4
%
 
0.3
%
 
0.2
%
 
 
87

Concord, NH
 
285
 
1

 
182,887

 
100.0
%
 
100.0
%
 
2,054

 
11.49

 
0.2
%
 
0.2
%
 
0.2
%
 
 
88

Altoona, PA
 
336
 
1

 
277,341

 
78.8
%
 
79.6
%
 
1,995

 
9.13

 
0.2
%
 
0.3
%
 
0.2
%
 
 
89

Trenton, NJ
 
142
 
2

 
205,557

 
92.7
%
 
94.6
%
 
1,979

 
10.18

 
0.4
%
 
0.3
%
 
0.2
%
 
 
90

Rutland, VT
 
539
 
1

 
224,514

 
98.6
%
 
98.6
%
 
1,973

 
8.92

 
0.2
%
 
0.3
%
 
0.2
%
 
 
91

Pittsburgh, PA
 
26
 
1

 
199,079

 
100.0
%
 
100.0
%
 
1,947

 
10.84

 
0.2
%
 
0.2
%
 
0.2
%
 
 
92

Santa Maria-Santa Barbara, CA
 
119
 
1

 
179,549

 
100.0
%
 
100.0
%
 
1,919

 
11.52

 
0.2
%
 
0.2
%
 
0.2
%
 
 
93

Sacramento--Roseville--Arden-Arcade, CA
 
27
 
1

 
103,695

 
92.8
%
 
92.8
%
 
1,914

 
19.88

 
0.2
%
 
0.1
%
 
0.2
%
 
 
94

Tucson, AZ
 
53
 
1

 
168,585

 
96.8
%
 
96.8
%
 
1,900

 
11.65

 
0.2
%
 
0.2
%
 
0.2
%
 
 
95

York-Hanover, PA
 
120
 
1

 
153,088

 
95.2
%
 
95.2
%
 
1,894

 
13.25

 
0.2
%
 
0.2
%
 
0.2
%
 
 
96

Flint, MI
 
132
 
1

 
162,059

 
86.4
%
 
91.3
%
 
1,884

 
12.82

 
0.2
%
 
0.2
%
 
0.2
%
 
 
97

Portland-South Portland, ME
 
105
 
1

 
287,513

 
90.0
%
 
90.0
%
 
1,872

 
20.69

 
0.2
%
 
0.4
%
 
0.2
%
 
 
98

Tulsa, OK
 
54
 
1

 
186,851

 
100.0
%
 
100.0
%
 
1,850

 
9.90

 
0.2
%
 
0.2
%
 
0.2
%
 
 
99

Manhattan, KS
 
395
 
1

 
215,261

 
94.6
%
 
94.6
%
 
1,830

 
14.45

 
0.2
%
 
0.3
%
 
0.2
%
 
 
100

California-Lexington Park, MD
 
358
 
1

 
92,335

 
100.0
%
 
100.0
%
 
1,812

 
19.62

 
0.2
%
 
0.1
%
 
0.2
%
 
 
 
100 Largest MSAs by ABR
 
 
419

 
73,886,872

 
90.0
%
 
92.3
%
 
881,890

 
14.09

 
87.3
%
 
90.4
%
 
93.4
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other MSAs
 
 
61

 
7,845,710

 
88.2
%
 
90.4
%
 
61,844

 
9.16

 
12.7
%
 
9.6
%
 
6.6
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
TOTAL
 
 
480

 
81,732,582

 
89.8
%
 
92.1
%
 
$
943,734

 
$
13.61

 
100.0
%
 
100.0
%
 
100.0
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 




Supplemental Disclosure - Three Months Ended March 31, 2018
Page 37
jpgstandardlogoa21.jpg




PROPERTIES BY STATE
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dollars in thousands, except per square foot amounts
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Percent of
 
 
 
 
 
 
 
 
 
Number of
 
 
 
Percent
 
Percent
 
 
 
 
 
Number of
 
Percent
 
Percent
 
 
 
State
 
Properties
 
 GLA
 
Billed
 
Leased
 
 ABR
 
 ABR PSF
 
Properties
 
of GLA
 
of ABR
 
 
1

Texas
 
65

 
9,598,491

 
88.0
%
 
91.7
%
 
$
111,188

 
$
13.56

 
13.5
%
 
11.7
%
 
11.8
%
 
 
2

Florida
 
55

 
8,773,627

 
87.0
%
 
89.4
%
 
106,158

 
14.05

 
11.5
%
 
10.7
%
 
11.2
%
 
 
3

California
 
32

 
6,118,133

 
94.5
%
 
97.1
%
 
103,504

 
18.81

 
6.7
%
 
7.5
%
 
11.0
%
 
 
4

Pennsylvania
 
34

 
5,835,930

 
92.5
%
 
94.4
%
 
68,383

 
14.87

 
7.1
%
 
7.1
%
 
7.2
%
 
 
5

New York
 
28

 
3,559,716

 
92.0
%
 
94.2
%
 
61,599

 
18.87

 
5.8
%
 
4.4
%
 
6.5
%
 
 
6

Illinois
 
21

 
4,467,396

 
82.8
%
 
84.7
%
 
46,117

 
12.91

 
4.4
%
 
5.5
%
 
4.9
%
 
 
7

Georgia
 
35

 
4,846,395

 
89.5
%
 
91.1
%
 
45,837

 
10.66

 
7.3
%
 
5.9
%
 
4.9
%
 
 
8

New Jersey
 
18

 
3,091,507

 
90.5
%
 
93.2
%
 
43,546

 
16.05

 
3.8
%
 
3.8
%
 
4.6
%
 
 
9

North Carolina
 
20

 
4,244,782

 
92.3
%
 
93.0
%
 
42,249

 
11.47

 
4.2
%
 
5.2
%
 
4.5
%
 
 
10

Ohio
 
21

 
4,086,047

 
91.1
%
 
91.8
%
 
40,137

 
12.25

 
4.4
%
 
5.0
%
 
4.3
%
 
 
11

Michigan
 
19

 
3,910,493

 
89.6
%
 
93.6
%
 
39,213

 
13.40

 
4.0
%
 
4.8
%
 
4.2
%
 
 
12

Connecticut
 
13

 
2,162,501

 
92.1
%
 
93.7
%
 
29,646

 
15.68

 
2.7
%
 
2.6
%
 
3.1
%
 
 
13

Tennessee
 
14

 
2,794,955

 
91.8
%
 
92.0
%
 
26,698

 
10.96

 
2.9
%
 
3.4
%
 
2.8
%
 
 
14

Massachusetts
 
11

 
1,871,880

 
94.1
%
 
95.8
%
 
21,702

 
15.43

 
2.3
%
 
2.3
%
 
2.3
%
 
 
15

Colorado
 
6

 
1,473,292

 
87.0
%
 
91.9
%
 
19,195

 
14.24

 
1.3
%
 
1.8
%
 
2.0
%
 
 
16

Kentucky
 
9

 
2,074,205

 
94.4
%
 
94.6
%
 
18,781

 
10.39

 
1.9
%
 
2.5
%
 
2.0
%
 
 
17

Indiana
 
12

 
1,877,402

 
83.8
%
 
89.1
%
 
16,097

 
10.93

 
2.5
%
 
2.3
%
 
1.7
%
 
 
18

Minnesota
 
9

 
1,362,716

 
88.7
%
 
90.8
%
 
15,416

 
13.16

 
1.9
%
 
1.7
%
 
1.6
%
 
 
19

Virginia
 
10

 
1,397,151

 
88.5
%
 
92.3
%
 
14,772

 
12.05

 
2.1
%
 
1.7
%
 
1.6
%
 
 
20

South Carolina
 
7

 
1,307,923

 
89.7
%
 
92.4
%
 
14,530

 
12.21

 
1.5
%
 
1.6
%
 
1.5
%
 
 
21

New Hampshire
 
5

 
772,770

 
90.1
%
 
90.3
%
 
7,818

 
13.94

 
1.0
%
 
0.9
%
 
0.8
%
 
 
22

Wisconsin
 
4

 
704,098

 
90.7
%
 
92.0
%
 
6,677

 
10.74

 
0.8
%
 
0.9
%
 
0.7
%
 
 
23

Maryland
 
4

 
468,667

 
98.3
%
 
98.3
%
 
6,583

 
14.29

 
0.8
%
 
0.6
%
 
0.7
%
 
 
24

Missouri
 
5

 
655,984

 
87.4
%
 
92.2
%
 
5,280

 
8.92

 
1.0
%
 
0.8
%
 
0.6
%
 
 
25

Alabama
 
2

 
812,504

 
62.0
%
 
73.2
%
 
4,852

 
8.27

 
0.4
%
 
1.0
%
 
0.5
%
 
 
26

Iowa
 
3

 
627,098

 
94.8
%
 
94.8
%
 
3,619

 
6.14

 
0.6
%
 
0.8
%
 
0.4
%
 
 
27

Louisiana
 
4

 
619,143

 
93.3
%
 
94.5
%
 
3,579

 
6.58

 
0.8
%
 
0.8
%
 
0.4
%
 
 
28

Arizona
 
2

 
288,110

 
92.1
%
 
92.1
%
 
3,208

 
12.09

 
0.4
%
 
0.4
%
 
0.3
%
 
 
29

Kansas
 
2

 
370,239

 
92.1
%
 
92.1
%
 
3,157

 
11.96

 
0.4
%
 
0.5
%
 
0.3
%
 
 
30

Mississippi
 
2

 
333,275

 
88.6
%
 
88.6
%
 
3,077

 
10.91

 
0.4
%
 
0.4
%
 
0.3
%
 
 
31

Delaware
 
1

 
191,974

 
93.3
%
 
99.0
%
 
2,336

 
12.30

 
0.2
%
 
0.2
%
 
0.2
%
 
 
32

West Virginia
 
2

 
251,500

 
98.0
%
 
98.0
%
 
2,119

 
8.59

 
0.4
%
 
0.3
%
 
0.2
%
 
 
33

Vermont
 
1

 
224,514

 
98.6
%
 
98.6
%
 
1,973

 
8.92

 
0.2
%
 
0.3
%
 
0.2
%
 
 
34

Maine
 
1

 
287,513

 
90.0
%
 
90.0
%
 
1,872

 
20.69

 
0.2
%
 
0.4
%
 
0.2
%
 
 
35

Oklahoma
 
1

 
186,851

 
100.0
%
 
100.0
%
 
1,850

 
9.90

 
0.2
%
 
0.2
%
 
0.2
%
 
 
36

New Mexico
 
2

 
83,800

 
100.0
%
 
100.0
%
 
966

 
11.53

 
0.4
%
 
0.1
%
 
0.1
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
TOTAL
 
480

 
81,732,582

 
89.8
%
 
92.1
%
 
$
943,734

 
$
13.61

 
100.0
%
 
100.0
%
 
100.0
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Supplemental Disclosure - Three Months Ended March 31, 2018
Page 38
jpgstandardlogoa21.jpg




PROPERTY LIST
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dollars in thousands, except per square foot amounts
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
 
Percent
 
 
 
 
 
 
 
 
 
 
 
 
Property Name
 
City
 
State
 
Metropolitan Statistical Area
 
Built
 
 GLA
 
Leased
 
 ABR
 
 ABR PSF
 
Grocer (1)
 
Other Major Tenants
 
Non-Owned Major Tenants
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1

 
Springdale
 
Mobile
 
AL
 
Mobile, AL
 
2004
 
580,684

 
63.2
%
 
$
3,291

 
$
9.17

 
Sam's Club*
 
Bed Bath & Beyond, Big Lots, Burke's Outlet, Burlington Stores, Cost Plus World Market, David's Bridal, Marshalls, Michaels, Shoe Station
 
2

 
Payton Park
 
Sylacauga
 
AL
 
Talladega-Sylacauga, AL
 
1995
 
231,820

 
98.2
%
 
1,561

 
6.86

 
Walmart Supercenter
 
Burke's Outlet
 
3

 
Glendale Galleria
 
Glendale
 
AZ
 
Phoenix-Mesa-Scottsdale, AZ
 
1991
 
119,525

 
85.5
%
 
1,308

 
12.80

 
 
Gymnasium Academy, LA Fitness, Sears Outlet
 
4

 
Northmall Centre
 
Tucson
 
AZ
 
Tucson, AZ
 
1996
 
168,585

 
96.8
%
 
1,900

 
11.65

 
Sam's Club*
 
CareMore, JC Penney Home Store, Tuesday Morning, Stein Mart
 
5

 
Applegate Ranch Shopping Center
 
Atwater
 
CA
 
Merced, CA
 
2006
 
147,557

 
96.1
%
 
2,263

 
15.95

 
SuperTarget*, Walmart Supercenter*
 
Marshalls, Petco
 
6

 
Bakersfield Plaza
 
Bakersfield
 
CA
 
Bakersfield, CA
 
1970
 
240,090

 
90.8
%
 
3,355

 
15.69

 
Lassens Natural Foods & Vitamins
 
AMC Theatres, Burlington Stores, In Shape Fitness, Ross Dress for Less
 
Hobby Lobby
7

 
Carmen Plaza
 
Camarillo
 
CA
 
Oxnard-Thousand Oaks-Ventura, CA
 
2000
 
129,173

 
95.0
%
 
2,332

 
20.08

 
Trader Joe's*
 
24 Hour Fitness, CVS, Michaels
 
8

 
Plaza Rio Vista
 
Cathedral
 
CA
 
Riverside-San Bernardino-Ontario, CA
 
2005
 
67,619

 
95.8
%
 
1,160

 
17.90

 
Stater Bros.
 
 
9

 
Clovis Commons
 
Clovis
 
CA
 
Fresno, CA
 
2004
 
180,955

 
95.0
%
 
3,735

 
22.51

 
 
Best Buy, Office Depot, PetSmart, T.J.Maxx
 
Target
10

 
Cudahy Plaza
 
Cudahy
 
CA
 
Los Angeles-Long Beach-Anaheim, CA
 
1994
 
147,804

 
98.0
%
 
1,389

 
9.59

 
 
Big Lots, Chuze Fitness
 
11

 
University Mall
 
Davis
 
CA
 
Sacramento--Roseville--Arden-Arcade, CA
 
1964
 
103,695

 
92.8
%
 
1,914

 
19.88

 
Trader Joe's
 
Forever 21, World Market
 
12

 
Felicita Plaza
 
Escondido
 
CA
 
San Diego-Carlsbad, CA
 
2001
 
98,594

 
100.0
%
 
1,446

 
14.67

 
Vons (Albertsons)
 
Chuze Fitness
 
13

 
Felicita Town Center
 
Escondido
 
CA
 
San Diego-Carlsbad, CA
 
1987
 
126,502

 
99.0
%
 
2,771

 
22.12

 
Major Market, Trader Joe's
 
Rite Aid
 
14

 
Arbor - Broadway Faire
 
Fresno
 
CA
 
Fresno, CA
 
1995
 
261,344

 
97.7
%
 
3,788

 
14.84

 
Smart & Final Extra!
 
PetSmart, The Home Depot, United Artists Theatres
 
15

 
Lompoc Center
 
Lompoc
 
CA
 
Santa Maria-Santa Barbara, CA
 
1960
 
179,549

 
100.0
%
 
1,919

 
11.52

 
Vons (Albertsons)
 
Harbor Freight Tools, Marshalls, Michaels
 
16

 
Briggsmore Plaza
 
Modesto
 
CA
 
Modesto, CA
 
1998
 
92,315

 
100.0
%
 
1,217

 
13.95

 
Grocery Outlet
 
Fallas Paredes, Sears Outlet
 
In Shape Fitness
17

 
Montebello Plaza
 
Montebello
 
CA
 
Los Angeles-Long Beach-Anaheim, CA
 
1974
 
283,631

 
99.0
%
 
5,711

 
20.85

 
Albertsons
 
Best Buy, CVS, Kohl's, Five Below, Ross Dress for Less
 
18

 
California Oaks Center
 
Murrieta
 
CA
 
Riverside-San Bernardino-Ontario, CA
 
1990
 
124,481

 
98.4
%
 
2,032

 
17.13

 
Barons Market
 
Crunch Fitness, Dollar Tree
 
19

 
Esplanade Shopping Center
 
Oxnard
 
CA
 
Oxnard-Thousand Oaks-Ventura, CA
 
2002
 
356,864

 
100.0
%
 
7,156

 
20.23

 
Walmart Neighborhood Market
 
Bed Bath & Beyond, Dick's Sporting Goods, Five Below, Nordstrom Rack, T.J.Maxx
 
The Home Depot
20

 
Pacoima Center
 
Pacoima
 
CA
 
Los Angeles-Long Beach-Anaheim, CA
 
1995
 
202,773

 
100.0
%
 
2,165

 
10.68

 
Food 4 Less (Kroger)
 
Ross Dress for Less, Target
 
21

 
Paradise Plaza
 
Paradise
 
CA
 
Chico, CA
 
1997
 
196,451

 
97.9
%
 
935

 
7.90

 
Save Mart
 
Kmart
 
22

 
Metro 580
 
Pleasanton
 
CA
 
San Francisco-Oakland-Hayward, CA
 
1996
 
177,573

 
100.0
%
 
2,771

 
33.76

 
 
Kohl's, Orchard Supply Hardware, Party City
 
Walmart
23

 
Rose Pavilion (2)
 
Pleasanton
 
CA
 
San Francisco-Oakland-Hayward, CA
 
2018
 
328,958

 
92.4
%
 
7,303

 
24.07

 
99 Ranch Market, Trader Joe's
 
CVS, Golf Galaxy, Macy's Home Store, Total Wine & More
 
24

 
Puente Hills Town Center
 
Rowland Heights
 
CA
 
Los Angeles-Long Beach-Anaheim, CA
 
1984
 
258,685

 
98.3
%
 
5,799

 
22.81

 
 
Marshalls, Michaels
 
25

 
San Bernardino Center
 
San Bernardino
 
CA
 
Riverside-San Bernardino-Ontario, CA
 
2003
 
143,082

 
100.0
%
 
1,079

 
7.54

 
 
Big Lots, Target
 
26

 
Ocean View Plaza
 
San Clemente
 
CA
 
Los Angeles-Long Beach-Anaheim, CA
 
1990
 
169,963

 
94.8
%
 
4,610

 
28.62

 
Ralphs (Kroger), Trader Joe's
 
Crunch Fitness, CVS
 
27

 
Plaza By The Sea
 
San Clemente
 
CA
 
Los Angeles-Long Beach-Anaheim, CA
 
1976
 
49,089

 
93.6
%
 
614

 
14.84

 
Stater Bros.
 
 
28

 
Village at Mira Mesa (2)
 
San Diego
 
CA
 
San Diego-Carlsbad, CA
 
2018
 
419,806

 
97.8
%
 
9,163

 
23.12

 
Sprouts Farmers Market, Vons (Albertsons)
 
Bed Bath & Beyond, BevMo, Marshalls, Michaels, Mira Mesa Lanes
 
29

 
San Dimas Plaza
 
San Dimas
 
CA
 
Los Angeles-Long Beach-Anaheim, CA
 
1986
 
164,757

 
100.0
%
 
3,750

 
22.76

 
Smart & Final Extra!
 
Harbor Freight Tools, T.J.Maxx
 
Rite Aid
30

 
Bristol Plaza
 
Santa Ana
 
CA
 
Los Angeles-Long Beach-Anaheim, CA
 
2003
 
111,403

 
100.0
%
 
3,025

 
27.71

 
Trader Joe's
 
Big Lots, Petco, Rite Aid
 
31

 
Gateway Plaza
 
Santa Fe Springs
 
CA
 
Los Angeles-Long Beach-Anaheim, CA
 
2002
 
289,268

 
100.0
%
 
3,502

 
23.55

 
El Super, Walmart Supercenter
 
LA Fitness, Ross Dress for Less
 
Target
32

 
Santa Paula Center
 
Santa Paula
 
CA
 
Oxnard-Thousand Oaks-Ventura, CA
 
1995
 
191,475

 
100.0
%
 
2,085

 
11.13

 
Vons (Albertsons)
 
Ace Hardware, Big Lots
 
33

 
Vail Ranch Center
 
Temecula
 
CA
 
Riverside-San Bernardino-Ontario, CA
 
2003
 
201,904

 
93.0
%
 
2,901

 
21.13

 
Stater Bros.
 
Rite Aid, Stein Mart
 
34

 
Country Hills Shopping Center
 
Torrance
 
CA
 
Los Angeles-Long Beach-Anaheim, CA
 
1977
 
53,200

 
100.0
%
 
1,020

 
19.17

 
Ralphs (Kroger)
 
 
35

 
Upland Town Square
 
Upland
 
CA
 
Riverside-San Bernardino-Ontario, CA
 
1994
 
100,350

 
87.9
%
 
1,718

 
19.47

 
Sprouts Farmers Market
 
 
36

 
Gateway Plaza - Vallejo (2)
 
Vallejo
 
CA
 
Vallejo-Fairfield, CA
 
2018
 
519,223

 
95.1
%
 
8,876

 
18.20

 
Costco*
 
Bed Bath & Beyond, Century Theatres, DSW, Marshalls, Michaels, OfficeMax, Party City, Petco, Ross Dress for Less, Toys"R"Us, Ulta
 
Target
37

 
Arvada Plaza
 
Arvada
 
CO
 
Denver-Aurora-Lakewood, CO
 
1994
 
95,236

 
100.0
%
 
747

 
7.84

 
King Soopers (Kroger)
 
Arc
 
38

 
Arapahoe Crossings
 
Aurora
 
CO
 
Denver-Aurora-Lakewood, CO
 
1996
 
468,701

 
99.7
%
 
6,925

 
14.82

 
King Soopers (Kroger)
 
2nd & Charles, AMC Theatres, Big Lots, Burlington Stores, buybuy BABY, Dollar Tree, Kohl's, Planet Fitness, Stein Mart
 
39

 
Aurora Plaza
 
Aurora
 
CO
 
Denver-Aurora-Lakewood, CO
 
1996
 
178,491

 
100.0
%
 
1,716

 
9.95

 
King Soopers (Kroger)
 
Cinema Latino, Gen-X
 
40

 
Villa Monaco
 
Denver
 
CO
 
Denver-Aurora-Lakewood, CO
 
1978
 
121,101

 
93.5
%
 
1,697

 
14.98

 
 
Chuze Fitness
 
41

 
Superior Marketplace
 
Superior
 
CO
 
Boulder, CO
 
1997
 
279,204

 
81.9
%
 
3,914

 
17.11

 
Whole Foods Market, Costco*, SuperTarget*
 
Party City, T.J.Maxx, Ulta
 
42

 
Westminster City Center
 
Westminster
 
CO
 
Denver-Aurora-Lakewood, CO
 
1996
 
330,559

 
81.9
%
 
4,196

 
15.50

 
 
Babies"R"Us, Barnes & Noble, David's Bridal, Jo-Ann Fabric & Craft Stores, Ross Dress for Less, Tile Shop, Ulta
 
43

 
Freshwater - Stateline Plaza
 
Enfield
 
CT
 
Hartford-West Hartford-East Hartford, CT
 
2004
 
299,978

 
96.6
%
 
2,608

 
17.03

 
Costco
 
Dick's Sporting Goods, Jo-Ann Fabric & Craft Stores, P.C. Richard & Son
 
The Home Depot
44

 
The Shoppes at Fox Run
 
Glastonbury
 
CT
 
Hartford-West Hartford-East Hartford, CT
 
1974
 
106,364

 
91.8
%
 
2,515

 
25.75

 
Whole Foods Market
 
Petco
 
45

 
Groton Square
 
Groton
 
CT
 
Norwich-New London, CT
 
1987
 
196,802

 
96.8
%
 
2,480

 
13.02

 
Super Stop & Shop (Ahold)
 
Kohl's
 
Walmart
46

 
Parkway Plaza
 
Hamden
 
CT
 
New Haven-Milford, CT
 
2006
 
72,353

 
100.0
%
 
1,010

 
13.96

 
PriceRite (Wakefern)
 
 
47

 
The Manchester Collection
 
Manchester
 
CT
 
Hartford-West Hartford-East Hartford, CT
 
2001
 
339,755

 
96.6
%
 
4,538

 
13.82

 
Walmart Supercenter*
 
A.C. Moore, Ashley Furniture, Babies"R"Us, Bed Bath & Beyond, Big Bob's Flooring Outlet, Cost Plus World Market, DSW, Edge Fitness, Hobby Lobby, Men's Wearhouse, Plaza Azteca
 
Best Buy, The Home Depot, Walmart
48

 
Chamberlain Plaza
 
Meriden
 
CT
 
New Haven-Milford, CT
 
2004
 
54,302

 
100.0
%
 
592

 
10.90

 
 
Dollar Tree, Savers
 

Supplemental Disclosure - Three Months Ended March 31, 2018
Page 39
jpgstandardlogoa21.jpg




PROPERTY LIST
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dollars in thousands, except per square foot amounts
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
 
Percent
 
 
 
 
 
 
 
 
 
 
 
 
Property Name
 
City
 
State
 
Metropolitan Statistical Area
 
Built
 
 GLA
 
Leased
 
 ABR
 
 ABR PSF
 
Grocer (1)
 
Other Major Tenants
 
Non-Owned Major Tenants
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
49

 
Turnpike Plaza
 
Newington
 
CT
 
Hartford-West Hartford-East Hartford, CT
 
2004
 
149,894

 
97.1
%
 
2,441

 
16.76

 
Price Chopper
 
Dick's Sporting Goods
 
50

 
North Haven Crossing
 
North Haven
 
CT
 
New Haven-Milford, CT
 
1993
 
103,865

 
96.1
%
 
1,779

 
17.82

 
 
Barnes & Noble, Dollar Tree, DSW, Five Below, Lumber Liquidators, PetSmart
 
51

 
Christmas Tree Plaza
 
Orange
 
CT
 
New Haven-Milford, CT
 
1996
 
132,791

 
94.1
%
 
1,619

 
12.96

 
 
A.C. Moore, Christmas Tree Shops
 
52

 
Stratford Square
 
Stratford
 
CT
 
Bridgeport-Stamford-Norwalk, CT
 
1984
 
161,075

 
86.1
%
 
2,393

 
17.25

 
 
LA Fitness, Marshalls
 
53

 
Torrington Plaza
 
Torrington
 
CT
 
Torrington, CT
 
1994
 
125,496

 
80.2
%
 
1,147

 
11.40

 
 
Jo-Ann Fabric & Craft Stores, Staples, T.J.Maxx
 
54

 
Waterbury Plaza
 
Waterbury
 
CT
 
New Haven-Milford, CT
 
2000
 
183,096

 
83.5
%
 
2,053

 
13.43

 
Super Stop & Shop (Ahold)
 
Dollar Tree
 
Target
55

 
Waterford Commons
 
Waterford
 
CT
 
Norwich-New London, CT
 
2004
 
236,730

 
97.8
%
 
4,471

 
19.32

 
 
Babies"R"Us, Dick’s Sporting Goods, DSW, Michaels, Party City, Ulta
 
Best Buy, Raymour & Flanigan
56

 
North Dover Center
 
Dover
 
DE
 
Dover, DE
 
1989
 
191,974

 
99.0
%
 
2,336

 
12.30

 
Acme (Albertsons)
 
 Kirkland's, Party City, Staples, T.J.Maxx, Toys"R"Us
 
57

 
Brooksville Square
 
Brooksville
 
FL
 
Tampa-St. Petersburg-Clearwater, FL
 
1987
 
156,361

 
92.9
%
 
1,603

 
11.03

 
Publix
 
 
58

 
Coastal Way - Coastal Landing
 
Brooksville
 
FL
 
Tampa-St. Petersburg-Clearwater, FL
 
2008
 
374,598

 
92.5
%
 
3,508

 
17.75

 
 
Bed Bath & Beyond, Belk, Marshalls, Michaels, Office Depot, Petco, Sears, Ulta
 
59

 
Midpoint Center
 
Cape Coral
 
FL
 
Cape Coral-Fort Myers, FL
 
2002
 
75,386

 
98.6
%
 
1,020

 
13.72

 
Publix
 
 
Target
60

 
Clearwater Mall
 
Clearwater
 
FL
 
Tampa-St. Petersburg-Clearwater, FL
 
1973
 
300,929

 
83.2
%
 
5,521

 
22.38

 
Costco*, SuperTarget*
 
David's Bridal, Michaels, PetSmart, Ross Dress for Less
 
Lowe's
61

 
Coconut Creek Plaza
 
Coconut Creek
 
FL
 
Miami-Fort Lauderdale-West Palm Beach, FL
 
2005
 
264,129

 
88.5
%
 
3,280

 
14.03

 
Publix
 
Big Lots, Off the Wall Trampoline, Planet Fitness
 
62

 
Century Plaza Shopping Center
 
Deerfield Beach
 
FL
 
Miami-Fort Lauderdale-West Palm Beach, FL
 
2006
 
85,783

 
91.1
%
 
1,571

 
20.10

 
 
Broward County Library, CVS
 
63

 
Northgate Shopping Center
 
DeLand
 
FL
 
Deltona-Daytona Beach-Ormond Beach, FL
 
1993
 
186,396

 
50.1
%
 
932

 
9.98

 
Publix
 
Planet Fitness
 
64

 
Sun Plaza
 
Ft. Walton Beach
 
FL
 
Crestview-Fort Walton Beach-Destin, FL
 
2004
 
158,118

 
99.1
%
 
1,754

 
11.19

 
Publix
 
Bealls Outlet, Books-A-Million, Office Depot, T.J.Maxx
 
65

 
Normandy Square
 
Jacksonville
 
FL
 
Jacksonville, FL
 
1996
 
89,822

 
100.0
%
 
840

 
9.63

 
Winn-Dixie (Southeastern Grocers)
 
Ace Hardware, Family Dollar
 
66

 
Regency Park Shopping Center
 
Jacksonville
 
FL
 
Jacksonville, FL
 
1985
 
334,065

 
61.3
%
 
1,572

 
8.59

 
 
American Signature Furniture, Bealls Outlet, Books-A-Million, David's Bridal, Ollie's Bargain Outlet
 
67

 
The Shoppes at Southside
 
Jacksonville
 
FL
 
Jacksonville, FL
 
2004
 
109,113

 
100.0
%
 
1,971

 
18.06

 
 
Best Buy, David's Bridal, Restoration Hardware
 
68

 
Ventura Downs (2)
 
Kissimmee
 
FL
 
Orlando-Kissimmee-Sanford, FL
 
2018
 
98,191

 
94.0
%
 
1,575

 
17.06

 
 
LA Fitness
 
69

 
Marketplace at Wycliffe
 
Lake Worth
 
FL
 
Miami-Fort Lauderdale-West Palm Beach, FL
 
2002
 
133,520

 
93.5
%
 
2,198

 
17.60

 
Walmart Neighborhood Market
 
Walgreens
 
70

 
Venetian Isle Shopping Ctr
 
Lighthouse Point
 
FL
 
Miami-Fort Lauderdale-West Palm Beach, FL
 
1992
 
182,314

 
92.5
%
 
1,856

 
11.35

 
Publix
 
Dollar Tree, Petco, Staples, Tuesday Morning, T.J.Maxx
 
71

 
Marco Town Center
 
Marco Island
 
FL
 
Naples-Immokalee-Marco Island, FL
 
1998
 
109,931

 
76.2
%
 
1,704

 
20.34

 
Publix
 
 
72

 
Mall at 163rd Street
 
Miami
 
FL
 
Miami-Fort Lauderdale-West Palm Beach, FL
 
2007
 
339,478

 
71.0
%
 
3,392

 
17.73

 
Walmart Supercenter*
 
Citi Trends, Marshalls, Ross Dress for Less
 
The Home Depot
73

 
Miami Gardens
 
Miami
 
FL
 
Miami-Fort Lauderdale-West Palm Beach, FL
 
1996
 
244,719

 
98.8
%
 
2,660

 
11.01

 
Fresco y Más (Southeastern Grocers)
 
Ross Dress for Less
 
74

 
Freedom Square
 
Naples
 
FL
 
Naples-Immokalee-Marco Island, FL
 
1995
 
211,839

 
100.0
%
 
2,062

 
9.73

 
Publix
 
 
75

 
Naples Plaza
 
Naples
 
FL
 
Naples-Immokalee-Marco Island, FL
 
2013
 
201,795

 
100.0
%
 
3,583

 
18.06

 
Publix
 
Marshalls, Office Depot, PGA TOUR Superstore
 
76

 
Park Shore Plaza
 
Naples
 
FL
 
Naples-Immokalee-Marco Island, FL
 
2018
 
254,548

 
97.3
%
 
4,585

 
19.57

 
The Fresh Market
 
Big Lots, Burlington Stores, HomeGoods, Kirkland's, Party City, Saks OFF Fifth, Yard House
 
77

 
Chelsea Place
 
New Port Richey
 
FL
 
Tampa-St. Petersburg-Clearwater, FL
 
1992
 
81,144

 
98.3
%
 
1,005

 
12.60

 
Publix
 
Zone Fitness Club
 
78

 
Southgate Center
 
New Port Richey
 
FL
 
Tampa-St. Petersburg-Clearwater, FL
 
1966
 
248,901

 
97.7
%
 
2,517

 
10.95

 
Publix
 
Bealls Outlet, Big Lots, Lumber Liquidators, Old Time Pottery, Pet Supermarket
 
79

 
Presidential Plaza West
 
North Lauderdale
 
FL
 
Miami-Fort Lauderdale-West Palm Beach, FL
 
2006
 
88,441

 
91.8
%
 
877

 
10.80

 
Sedano's
 
Family Dollar
 
80

 
Fashion Square
 
Orange Park
 
FL
 
Jacksonville, FL
 
1996
 
36,029

 
46.5
%
 
368

 
32.00

 
 
Miller's Orange Park Ale House
 
81

 
Colonial Marketplace
 
Orlando
 
FL
 
Orlando-Kissimmee-Sanford, FL
 
1986
 
141,069

 
100.0
%
 
2,424

 
17.18

 
 
Burlington Stores, LA Fitness
 
Target
82

 
Conway Crossing
 
Orlando
 
FL
 
Orlando-Kissimmee-Sanford, FL
 
2002
 
76,321

 
100.0
%
 
1,053

 
13.80

 
Publix
 
 
83

 
Hunter's Creek Plaza
 
Orlando
 
FL
 
Orlando-Kissimmee-Sanford, FL
 
1998
 
73,204

 
89.6
%
 
1,054

 
16.06

 
Lucky's Market
 
 
84

 
Pointe Orlando
 
Orlando
 
FL
 
Orlando-Kissimmee-Sanford, FL
 
1997
 
417,746

 
90.2
%
 
8,388

 
23.01

 
 
Main Event, Regal Cinemas
 
85

 
Martin Downs Town Center
 
Palm City
 
FL
 
Port St. Lucie, FL
 
1996
 
64,546

 
95.7
%
 
749

 
12.13

 
Publix
 
 
86

 
Martin Downs Village Center
 
Palm City
 
FL
 
Port St. Lucie, FL
 
1987
 
162,336

 
91.8
%
 
2,719

 
18.77

 
 
Coastal Care, Walgreens
 
87

 
23rd Street Station
 
Panama City
 
FL
 
Panama City, FL
 
1995
 
98,827

 
96.6
%
 
1,241

 
13.00

 
Publix
 
 
88

 
Panama City Square
 
Panama City
 
FL
 
Panama City, FL
 
1989
 
298,685

 
100.0
%
 
2,464

 
8.25

 
Walmart Supercenter
 
Big Lots, Harbor Freight Tools, HomeGoods, T.J.Maxx
 
89

 
Pensacola Square
 
Pensacola
 
FL
 
Pensacola-Ferry Pass-Brent, FL
 
1995
 
142,767

 
82.4
%
 
1,109

 
9.43

 
 
Bealls Outlet, Big Lots, Petland, Sears Home Appliance Showroom
 
Hobby Lobby
90

 
East Port Plaza
 
Port St. Lucie
 
FL
 
Port St. Lucie, FL
 
1991
 
162,831

 
83.6
%
 
1,931

 
14.18

 
Publix
 
Fortis Institute, Walgreens
 
91

 
Shoppes of Victoria Square
 
Port St. Lucie
 
FL
 
Port St. Lucie, FL
 
1990
 
95,186

 
93.5
%
 
1,137

 
12.78

 
Winn-Dixie (Southeastern Grocers)
 
Dollar Tree
 
92

 
Lake St. Charles
 
Riverview
 
FL
 
Tampa-St. Petersburg-Clearwater, FL
 
1999
 
61,015

 
97.4
%
 
660

 
11.11

 
Winn-Dixie (Southeastern Grocers)
 
 
93

 
Cobblestone Village
 
Royal Palm Beach
 
FL
 
Miami-Fort Lauderdale-West Palm Beach, FL
 
2005
 
39,404

 
91.1
%
 
711

 
19.81

 
SuperTarget*
 
The Zoo Health Club
 
94

 
Beneva Village Shoppes (2)
 
Sarasota
 
FL
 
North Port-Sarasota-Bradenton, FL
 
2018
 
141,633

 
92.6
%
 
1,715

 
13.08

 
Publix
 
Harbor Freight Tools, Pet Supermarket, Walgreens
 
95

 
Sarasota Village
 
Sarasota
 
FL
 
North Port-Sarasota-Bradenton, FL
 
1972
 
173,184

 
100.0
%
 
2,058

 
12.19

 
Publix
 
Big Lots, Crunch Fitness, HomeGoods
 
96

 
Atlantic Plaza
 
Satellite Beach
FL
 
Palm Bay-Melbourne-Titusville, FL
 
2008
 
130,901

 
80.2
%
 
1,371

 
13.06

 
Publix
 
Planet Fitness
 
97

 
Seminole Plaza
 
Seminole
 
FL
 
Tampa-St. Petersburg-Clearwater, FL
 
1964
 
156,579

 
95.2
%
 
1,215

 
8.15

 
 
Bealls Outlet, Burlington Stores, T.J.Maxx
 
98

 
Cobblestone Village
 
St. Augustine
 
FL
 
Jacksonville, FL
 
2003
 
265,464

 
96.2
%
 
3,588

 
14.05

 
Publix
 
Bealls, Bed Bath & Beyond, Michaels, Party City, Petco
 

Supplemental Disclosure - Three Months Ended March 31, 2018
Page 40
jpgstandardlogoa21.jpg




PROPERTY LIST
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dollars in thousands, except per square foot amounts
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
 
Percent
 
 
 
 
 
 
 
 
 
 
 
 
Property Name
 
City
 
State
 
Metropolitan Statistical Area
 
Built
 
 GLA
 
Leased
 
 ABR
 
 ABR PSF
 
Grocer (1)
 
Other Major Tenants
 
Non-Owned Major Tenants
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
99

 
Dolphin Village
 
St. Pete Beach
 
FL
 
Tampa-St. Petersburg-Clearwater, FL
 
1990
 
136,224

 
78.8
%
 
1,759

 
16.39

 
Publix
 
CVS, Dollar Tree
 
100

 
Bay Pointe Plaza
 
St. Petersburg
 
FL
 
Tampa-St. Petersburg-Clearwater, FL
 
2016
 
95,760

 
98.3
%
 
1,618

 
17.18

 
Publix
 
Bealls Outlet, Pet Supermarket
 
101

 
Rutland Plaza
 
St. Petersburg
 
FL
 
Tampa-St. Petersburg-Clearwater, FL
 
2002
 
149,562

 
95.9
%
 
1,276

 
8.89

 
Winn-Dixie (Southeastern Grocers)
 
Bealls Outlet, Big Lots
 
102

 
Skyway Plaza
 
St. Petersburg
 
FL
 
Tampa-St. Petersburg-Clearwater, FL
 
2002
 
110,799

 
76.6
%
 
724

 
8.53

 
 
Dollar Tree
 
103

 
Tyrone Gardens
 
St. Petersburg
 
FL
 
Tampa-St. Petersburg-Clearwater, FL
 
1998
 
206,784

 
82.3
%
 
1,706

 
10.03

 
Winn-Dixie (Southeastern Grocers)
 
Big Lots, Chuck E. Cheese’s
 
104

 
Downtown Publix
 
Stuart
 
FL
 
Port St. Lucie, FL
 
2000
 
151,246

 
72.1
%
 
1,398

 
12.82

 
Publix
 
Family Dollar, Flooring USA
 
105

 
Sunrise Town Center
 
Sunrise
 
FL
 
Miami-Fort Lauderdale-West Palm Beach, FL
 
1989
 
110,109

 
100.0
%
 
1,373

 
12.47

 
Patel Brothers
 
Dollar Tree, LA Fitness
 
Walmart
106

 
Carrollwood Center
 
Tampa
 
FL
 
Tampa-St. Petersburg-Clearwater, FL
 
2002
 
92,958

 
92.2
%
 
1,445

 
16.87

 
Publix
 
Rarehues
 
107

 
Ross Plaza
 
Tampa
 
FL
 
Tampa-St. Petersburg-Clearwater, FL
 
1996
 
89,885

 
95.2
%
 
1,267

 
14.80

 
 
Deal$, Ross Dress for Less, Lumber Liquidators
 
108

 
Shoppes at Tarpon
 
Tarpon Springs
 
FL
 
Tampa-St. Petersburg-Clearwater, FL
 
2003
 
145,832

 
96.8
%
 
2,165

 
15.34

 
Publix
 
Petco, T.J.Maxx, Ulta
 
109

 
Venice Plaza
 
Venice
 
FL
 
North Port-Sarasota-Bradenton, FL
 
1999
 
132,345

 
97.5
%
 
946

 
7.33

 
Winn-Dixie (Southeastern Grocers)
 
Lumber Liquidators, Pet Supermarket, T.J.Maxx
 
110

 
Venice Shopping Center
 
Venice
 
FL
 
North Port-Sarasota-Bradenton, FL
 
2000
 
109,801

 
87.1
%
 
614

 
6.42

 
Publix
 
Bealls Outlet
 
111

 
Venice Village Shoppes
 
Venice
 
FL
 
North Port-Sarasota-Bradenton, FL
 
1989
 
175,074

 
88.0
%
 
2,326

 
15.10

 
Publix
 
Jo-Ann Fabric & Craft Stores, Planet Fitness
 
112

 
Governors Towne Square
 
Acworth
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
2005
 
68,658

 
98.0
%
 
1,181

 
17.56

 
Publix
 
 
113

 
Albany Plaza
 
Albany
 
GA
 
Albany, GA
 
1995
 
114,169

 
75.1
%
 
588

 
6.85

 
Harveys (Southeastern Grocers)
 
Big Lots, OK Beauty & Fashions Outlet
 
114

 
Mansell Crossing
 
Alpharetta
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
1993
 
332,364

 
97.6
%
 
5,200

 
20.07

 
 
AMC Theatres, Barnes & Noble, DSW, Macy's Furniture Gallery, REI, T.J.Maxx
 
Toys"R"Us
115

 
Perlis Plaza
 
Americus
 
GA
 
Americus, GA
 
1972
 
165,315

 
83.6
%
 
832

 
6.02

 
 
Belk, Roses
 
116

 
Northeast Plaza
 
Atlanta
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
1952
 
445,042

 
87.1
%
 
4,463

 
11.77

 
City Farmers Market
 
dd's Discounts (Ross)
 
117

 
Augusta West Plaza
 
Augusta
 
GA
 
Augusta-Richmond County, GA-SC
 
2006
 
207,823

 
70.2
%
 
985

 
7.41

 
 
At Home, Dollar Tree
 
118

 
Sweetwater Village
 
Austell
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
1985
 
66,197

 
98.2
%
 
522

 
8.03

 
Food Depot
 
Family Dollar
 
119

 
Vineyards at Chateau Elan
 
Braselton
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
2002
 
79,047

 
96.5
%
 
1,121

 
14.70

 
Publix
 
 
120

 
Cedar Plaza
 
Cedartown
 
GA
 
Cedartown, GA
 
1994
 
83,300

 
100.0
%
 
708

 
8.50

 
Kroger
 
Planet Fitness
 
121

 
Conyers Plaza
 
Conyers
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
2001
 
171,374

 
90.9
%
 
1,965

 
12.61

 
Walmart Supercenter*
 
Jo-Ann Fabric & Craft Stores, PetSmart, Value Village
 
The Home Depot
122

 
Cordele Square
 
Cordele
 
GA
 
Cordele, GA
 
2002
 
127,953

 
82.6
%
 
702

 
6.64

 
Harveys (Southeastern Grocers)
 
Belk, Citi Trends, Cordele Theatres
 
123

 
Covington Gallery
 
Covington
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
1991
 
174,857

 
94.3
%
 
1,103

 
6.69

 
Ingles
 
Kmart
 
124

 
Salem Road Station
 
Covington
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
2000
 
67,270

 
98.1
%
 
784

 
11.88

 
Publix
 
 
125

 
Keith Bridge Commons
 
Cumming
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
2002
 
94,886

 
81.3
%
 
1,032

 
13.38

 
Kroger
 
 
126

 
Northside
 
Dalton
 
GA
 
Dalton, GA
 
2001
 
73,931

 
97.3
%
 
607

 
8.44

 
Food City
 
Family Dollar
 
127

 
Cosby Station
 
Douglasville
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
1994
 
77,811

 
92.0
%
 
814

 
11.37

 
Publix
 
 
128

 
Park Plaza
 
Douglasville
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
1986
 
46,670

 
86.8
%
 
730

 
18.09

 
Kroger*
 
 
129

 
Dublin Village
 
Dublin
 
GA
 
Dublin, GA
 
2005
 
94,920

 
97.5
%
 
722

 
7.81

 
Kroger
 
 
130

 
Westgate
 
Dublin
 
GA
 
Dublin, GA
 
2004
 
110,738

 
96.0
%
 
681

 
6.64

 
Harveys (Southeastern Grocers)
 
Bealls Outlet, Big Lots
 
The Home Depot
131

 
Venture Pointe
 
Duluth
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
1995
 
155,172

 
100.0
%
 
1,639

 
10.56

 
 
American Signature Furniture, Ollie's Bargain Outlet, Studio Movie Grill
 
132

 
Banks Station
 
Fayetteville
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
2006
 
176,451

 
77.0
%
 
1,010

 
8.75

 
Food Depot
 
Cinemark, Staples
 
133

 
Barrett Place
 
Kennesaw
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
1992
 
218,818

 
100.0
%
 
2,410

 
11.01

 
ALDI
 
Best Buy, Michaels, OfficeMax, PetSmart, The Furniture Mall
 
134

 
Shops of Huntcrest
 
Lawrenceville
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
2003
 
97,040

 
100.0
%
 
1,373

 
14.15

 
Publix
 
 
135

 
Mableton Walk
 
Mableton
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
1994
 
105,884

 
86.6
%
 
1,249

 
13.63

 
Publix
 
 
136

 
The Village at Mableton
 
Mableton
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
1959
 
229,013

 
92.7
%
 
1,060

 
4.99

 
 
Dollar Tree, Ollie's Bargain Outlet, Planet Fitness
 
137

 
Marshalls at Eastlake
 
Marietta
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
1982
 
54,976

 
100.0
%
 
573

 
10.42

 
 
Marshalls
 
138

 
New Chastain Corners
 
Marietta
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
2004
 
113,079

 
89.2
%
 
1,040

 
10.31

 
Kroger
 
 
139

 
Pavilions at Eastlake
 
Marietta
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
1996
 
154,224

 
86.9
%
 
1,792

 
13.38

 
Kroger
 
J. Christopher's
 
140

 
Creekwood Village
 
Rex
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
1990
 
69,778

 
92.1
%
 
563

 
8.76

 
Food Depot
 
 
141

 
Shops of Riverdale
 
Riverdale
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
1995
 
16,808

 
70.3
%
 
238

 
20.16

 
Walmart Supercenter*
 
 
142

 
Holcomb Bridge Crossing
 
Roswell
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
1988
 
93,420

 
97.1
%
 
990

 
10.91

 
 
PGA TOUR Superstore
 
143

 
Victory Square
 
Savannah
 
GA
 
Savannah, GA
 
2007
 
122,719

 
88.6
%
 
1,609

 
15.19

 
SuperTarget*
 
Citi Trends, Dollar Tree, Staples
 
The Home Depot
144

 
Stockbridge Village
 
Stockbridge
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
2008
 
188,135

 
97.2
%
 
2,849

 
15.58

 
Kroger
 
 
145

 
Stone Mountain Festival
 
Stone Mountain
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
2006
 
347,091

 
97.1
%
 
1,744

 
5.18

 
Walmart Supercenter
 
Hobby Lobby, NCG Cinemas
 
146

 
Wilmington Island
 
Wilmington Island
 
GA
 
Savannah, GA
 
1985
 
101,462

 
90.8
%
 
958

 
10.39

 
Kroger
 
 
147

 
Kimberly West Shopping Center
 
Davenport
 
IA
 
Davenport-Moline-Rock Island, IA-IL
 
1987
 
113,713

 
90.1
%
 
650

 
6.35

 
Hy-Vee
 
 
148

 
Haymarket Mall
 
Des Moines
 
IA
 
Des Moines-West Des Moines, IA
 
1979
 
243,680

 
98.0
%
 
1,484

 
6.35

 
 
Burlington Stores, Harbor Freight Tools, Hobby Lobby
 
149

 
Haymarket Square
 
Des Moines
 
IA
 
Des Moines-West Des Moines, IA
 
1979
 
269,705

 
94.0
%
 
1,485

 
5.86

 
Price Chopper
 
Aspen Athletic Clubs, Big Lots, Northern Tool + Equipment, Office Depot
 
150

 
Annex of Arlington
 
Arlington Heights
 
IL
 
Chicago-Naperville-Elgin, IL-IN-WI
 
1999
 
199,463

 
82.3
%
 
3,155

 
19.23

 
Trader Joe's
 
Binny's Beverage Depot, Chuck E. Cheese's, Kirkland's, Petco, Ulta
 

Supplemental Disclosure - Three Months Ended March 31, 2018
Page 41
jpgstandardlogoa21.jpg




PROPERTY LIST
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dollars in thousands, except per square foot amounts
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
 
Percent
 
 
 
 
 
 
 
 
 
 
 
 
Property Name
 
City
 
State
 
Metropolitan Statistical Area
 
Built
 
 GLA
 
Leased
 
 ABR
 
 ABR PSF
 
Grocer (1)
 
Other Major Tenants
 
Non-Owned Major Tenants
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
151

 
Ridge Plaza
 
Arlington Heights
 
IL
 
Chicago-Naperville-Elgin, IL-IN-WI
 
2000
 
151,643

 
91.2
%
 
1,988

 
14.37

 
 
Savers, XSport Fitness
 
Kohl's
152

 
Bartonville Square
 
Bartonville
 
IL
 
Peoria, IL
 
2001
 
61,678

 
93.1
%
 
301

 
5.57

 
Kroger
 
 
153

 
Festival Center
 
Bradley
 
IL
 
Kankakee, IL
 
2006
 
63,796

 
100.0
%
 
437

 
6.85

 
 
Big Lots, Dollar General
 
154

 
Southfield Plaza
 
Bridgeview
 
IL
 
Chicago-Naperville-Elgin, IL-IN-WI
 
2006
 
198,298

 
82.2
%
 
1,876

 
11.52

 
Shop & Save Market
 
Hobby Lobby, Walgreens
 
155

 
Commons of Chicago Ridge
 
Chicago Ridge
 
IL
 
Chicago-Naperville-Elgin, IL-IN-WI
 
1998
 
324,977

 
93.1
%
 
4,212

 
15.03

 
 
Marshalls, The Home Depot, Ross Dress for Less, XSport Fitness
 
156

 
Rivercrest Shopping Center
 
Crestwood
 
IL
 
Chicago-Naperville-Elgin, IL-IN-WI
 
1992
 
548,531

 
78.3
%
 
5,522

 
15.39

 
 
AMC Theatres, Best Buy, Five Below, Party City, PetSmart, Planet Fitness, Ross Dress for Less, T.J.Maxx
 
157

 
The Commons of Crystal Lake
 
Crystal Lake
 
IL
 
Chicago-Naperville-Elgin, IL-IN-WI
 
1987
 
273,060

 
85.8
%
 
2,312

 
9.87

 
Jewel-Osco (Albertsons)
 
Burlington Stores
 
Hobby Lobby
158

 
Elk Grove Town Center
 
Elk Grove Village
 
IL
 
Chicago-Naperville-Elgin, IL-IN-WI
 
1998
 
131,794

 
88.5
%
 
1,913

 
16.41

 
 
Walgreens
 
159

 
Freeport Plaza
 
Freeport
 
IL
 
Freeport, IL
 
2000
 
87,846

 
88.3
%
 
539

 
6.95

 
Cub Foods (Supervalu)
 
 
160

 
Westview Center
 
Hanover Park
 
IL
 
Chicago-Naperville-Elgin, IL-IN-WI
 
1989
 
321,382

 
91.1
%
 
2,810

 
9.93

 
Tony's Finer Foods
 
Amber's Furniture, Big Lots, LA Fitness, Sears Outlet
 
Value City
161

 
The Quentin Collection
 
Kildeer
 
IL
 
Chicago-Naperville-Elgin, IL-IN-WI
 
2006
 
171,530

 
82.1
%
 
2,202

 
15.64

 
 
Best Buy, PetSmart, Stein Mart
 
162

 
Butterfield Square
 
Libertyville
 
IL
 
Chicago-Naperville-Elgin, IL-IN-WI
 
1997
 
106,683

 
97.2
%
 
1,624

 
15.67

 
Sunset Foods
 
 
163

 
High Point Centre (2)
Lombard
 
IL
 
Chicago-Naperville-Elgin, IL-IN-WI
 
2018
 
245,497

 
68.0
%
 
1,693

 
11.29

 
 
David's Bridal, Jo-Ann Fabric & Craft Stores, LA Fitness, Office Depot
 
164

 
Long Meadow Commons
 
Mundelein
 
IL
 
Chicago-Naperville-Elgin, IL-IN-WI
 
1997
 
118,281

 
93.8
%
 
1,730

 
16.44

 
Jewel-Osco
 
Planet Fitness
 
165

 
Westridge Court
 
Naperville
 
IL
 
Chicago-Naperville-Elgin, IL-IN-WI
 
1992
 
680,553

 
80.4
%
 
7,089

 
12.95

 
 
Art Van Furniture, Big Lots, buybuy BABY, Marshalls, Old Navy, Party City, Star Cinema Grill, Ulta
 
166

 
Sterling Bazaar
 
Peoria
 
IL
 
Peoria, IL
 
1992
 
87,359

 
90.1
%
 
745

 
9.69

 
Kroger
 
 
167

 
Rollins Crossing
 
Round Lake Beach
 
IL
 
Chicago-Naperville-Elgin, IL-IN-WI
 
1998
 
192,849

 
95.4
%
 
1,950

 
17.51

 
 
LA Fitness, Regal Cinemas
 
168

 
Twin Oaks Shopping Center
 
Silvis
 
IL
 
Davenport-Moline-Rock Island, IA-IL
 
1991
 
114,342

 
97.6
%
 
750

 
6.72

 
Hy-Vee
 
Eye Surgeons Associates
 
169

 
Sangamon Center North
 
Springfield
 
IL
 
Springfield, IL
 
1996
 
139,757

 
94.9
%
 
1,337

 
10.08

 
Schnucks
 
U.S. Post Office
 
170

 
Tinley Park Plaza
 
Tinley Park
 
IL
 
Chicago-Naperville-Elgin, IL-IN-WI
 
1973
 
248,077

 
67.4
%
 
1,932

 
12.17

 
Walt's Fine Foods
 
Planet Fitness, Tile Shop
 
171

 
Meridian Village
 
Carmel
 
IN
 
Indianapolis-Carmel-Anderson, IN
 
1990
 
123,169

 
84.1
%
 
918

 
8.87

 
 
Dollar Tree, Godby Home Furnishings, Ollie's Bargain Outlet
 
172

 
Columbus Center
 
Columbus
IN
 
Columbus, IN
 
1964
 
143,043

 
96.2
%
 
1,567

 
11.39

 
 
Big Lots, Five Below, OfficeMax, Pet Supplies Plus, T.J.Maxx, Ulta
 
Target
173

 
Elkhart Plaza West
 
Elkhart
 
IN
 
Elkhart-Goshen, IN
 
1997
 
81,651

 
85.8
%
 
528

 
37.26

 
Martin's Super Market
 
CVS
 
174

 
Apple Glen Crossing
 
Fort Wayne
 
IN
 
Fort Wayne, IN
 
2002
 
150,163

 
91.2
%
 
1,885

 
17.57

 
Walmart Supercenter*
 
Best Buy, Dick's Sporting Goods, PetSmart
 
Kohl's
175

 
Market Centre
 
Goshen
 
IN
 
Elkhart-Goshen, IN
 
1994
 
247,668

 
86.5
%
 
1,679

 
16.03

 
Walmart Supercenter*
 
 
176

 
Marwood Plaza
 
Indianapolis
 
IN
 
Indianapolis-Carmel-Anderson, IN
 
1992
 
107,080

 
84.1
%
 
782

 
8.68

 
Kroger
 
 
177

 
Westlane Shopping Center
 
Indianapolis
 
IN
 
Indianapolis-Carmel-Anderson, IN
 
1968
 
71,602

 
100.0
%
 
663

 
9.26

 
Save-A-Lot
 
Citi Trends
 
178

 
Valley View Plaza
 
Marion
 
IN
 
Marion, IN
 
1997
 
29,974

 
90.0
%
 
376

 
13.94

 
Walmart Supercenter*
 
Aaron's
 
179

 
Bittersweet Plaza
 
Mishawaka
 
IN
 
South Bend-Mishawaka, IN-MI
 
2000
 
92,295

 
91.3
%
 
747

 
8.91

 
Martin's Super Market
 
 
180

 
Lincoln Plaza
 
New Haven
 
IN
 
Fort Wayne, IN
 
1968
 
103,788

 
71.5
%
 
567

 
7.64

 
Kroger
 
Go Workout
 
181

 
Speedway Super Center (2)
 
Speedway
 
IN
 
Indianapolis-Carmel-Anderson, IN
 
2018
 
592,830

 
89.6
%
 
5,124

 
9.70

 
Kroger
 
Burlington Stores, Kohl's, Oak Street Health Center, Petco, Ross Dress for Less, Sears Outlet, T.J.Maxx
 
182

 
Sagamore Park Centre (2)
 
West Lafayette
 
IN
 
Lafayette-West Lafayette, IN
 
2018
 
134,139

 
98.6
%
 
1,261

 
9.69

 
Pay Less (Kroger)
 
 
183

 
Westchester Square
 
Lenexa
 
KS
 
Kansas City, MO-KS
 
1987
 
154,978

 
88.6
%
 
1,327

 
9.67

 
Hy-Vee
 
 
184

 
West Loop Shopping Center
 
Manhattan
 
KS
 
Manhattan, KS
 
2013
 
215,261

 
94.6
%
 
1,830

 
14.45

 
Dillons (Kroger)
 
Bellus Academy, Jo-Ann Fabric & Craft Stores, Marshalls
 
185

 
North Dixie Plaza
 
Elizabethtown
 
KY
 
Elizabethtown-Fort Knox, KY
 
1992
 
130,466

 
99.3
%
 
1,026

 
7.92

 
 
At Home, Staples
 
186

 
Florence Plaza - Florence Square
 
Florence
 
KY
 
Cincinnati, OH-KY-IN
 
2014
 
686,526

 
89.5
%
 
6,696

 
14.04

 
Kroger
 
Barnes & Noble, Burlington Stores, David's Bridal, Five Below, Harbor Freight Tools, Hobby Lobby, Old Navy, Ollie's Bargain Outlet, Staples, T.J.Maxx
 
187

 
Jeffersontown Commons
 
Jeffersontown
 
KY
 
Louisville/Jefferson County, KY-IN
 
1959
 
208,374

 
94.8
%
 
1,799

 
9.60

 
 
King Pin Lanes, Louisville Athletic Club
 
188

 
Mist Lake Plaza
 
Lexington
 
KY
 
Lexington-Fayette, KY
 
1993
 
217,292

 
99.2
%
 
1,564

 
7.26

 
 
Gabriel Brothers, Walmart
 
189

 
London Marketplace
 
London
 
KY
 
London, KY
 
1994
 
169,032

 
99.1
%
 
1,118

 
6.68

 
Kroger
 
Goody's
 
190

 
Eastgate Shopping Center
 
Louisville
 
KY
 
Louisville/Jefferson County, KY-IN
 
2002
 
174,947

 
100.0
%
 
1,975

 
11.29

 
Kroger
 
Petco
 
191

 
Plainview Village
 
Louisville
 
KY
 
Louisville/Jefferson County, KY-IN
 
1997
 
165,467

 
89.4
%
 
1,438

 
10.28

 
Kroger
 
Annie's Attic
 
192

 
Stony Brook I & II
 
Louisville
 
KY
 
Louisville/Jefferson County, KY-IN
 
1988
 
158,940

 
95.9
%
 
1,834

 
12.04

 
Kroger Marketplace
 
 
193

 
Towne Square North
 
Owensboro
 
KY
 
Owensboro, KY
 
1988
 
163,161

 
100.0
%
 
1,331

 
8.16

 
 
Books-A-Million, Office Depot
 
194

 
Karam Shopping Center
 
Lafayette
 
LA
 
Lafayette, LA
 
1970
 
100,120

 
88.4
%
 
314

 
3.55

 
Super 1 Foods
 
dd's Discounts (Ross)
 
195

 
Iberia Plaza
 
New Iberia
 
LA
 
Lafayette, LA
 
1992
 
131,630

 
98.2
%
 
871

 
6.74

 
Super 1 Foods
 
 
196

 
Lagniappe Village
 
New Iberia
 
LA
 
Lafayette, LA
 
2010
 
208,354

 
92.2
%
 
1,677

 
10.67

 
 
Big Lots, Citi Trends, Stage, T.J.Maxx
 
197

 
The Pines Shopping Center
 
Pineville
 
LA
 
Alexandria, LA
 
1991
 
179,039

 
97.8
%
 
717

 
4.24

 
Super 1 Foods
 
 
198

 
Points West Plaza
 
Brockton
 
MA
 
Boston-Cambridge-Newton, MA-NH
 
1960
 
130,635

 
98.9
%
 
977

 
7.57

 
PriceRite (Wakefern)
 
Citi Trends, L&M Bargain, Ocean State Job Lot
 
199

 
Burlington Square I, II & III
 
Burlington
 
MA
 
Boston-Cambridge-Newton, MA-NH
 
1992
 
74,800

 
98.3
%
 
2,057

 
27.97

 
 
Golf Galaxy, Pyara Aveda Spa & Salon, Staples
 
Duluth Trading Co.
200

 
Chicopee Marketplace
 
Chicopee
 
MA
 
Springfield, MA
 
2005
 
151,003

 
100.0
%
 
2,829

 
19.40

 
Walmart Supercenter*
 
Marshalls, Party City, Staples
 

Supplemental Disclosure - Three Months Ended March 31, 2018
Page 42
jpgstandardlogoa21.jpg




PROPERTY LIST
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dollars in thousands, except per square foot amounts
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
 
Percent
 
 
 
 
 
 
 
 
 
 
 
 
Property Name
 
City
 
State
 
Metropolitan Statistical Area
 
Built
 
 GLA
 
Leased
 
 ABR
 
 ABR PSF
 
Grocer (1)
 
Other Major Tenants
 
Non-Owned Major Tenants
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
201

 
Holyoke Shopping Center
 
Holyoke
 
MA
 
Springfield, MA
 
2000
 
195,995

 
96.2
%
 
1,581

 
12.18

 
Super Stop & Shop (Ahold)
 
Jo-Ann Fabric & Craft Stores, Ocean State Job Lot
 
202

 
WaterTower Plaza
 
Leominster
 
MA
 
Worcester, MA-CT
 
2000
 
284,857

 
98.4
%
 
3,206

 
11.66

 
Shaw's (Albertsons)
 
Barnes & Noble, Michaels, Party City, Petco, Staples, T.J.Maxx
 
203

 
Lunenberg Crossing
 
Lunenburg
 
MA
 
Worcester, MA-CT
 
1994
 
25,515

 
70.6
%
 
279

 
15.49

 
Hannaford Bros. (Delhaize)*
 
 
Walmart
204

 
Lynn Marketplace
 
Lynn
 
MA
 
Boston-Cambridge-Newton, MA-NH
 
1968
 
78,046

 
100.0
%
 
1,273

 
16.31

 
Shaw's (Albertsons)
 
Rainbow
 
205

 
Webster Square Shopping Center
 
Marshfield
 
MA
 
Boston-Cambridge-Newton, MA-NH
 
2005
 
182,734

 
98.7
%
 
2,298

 
12.74

 
Star Market (Albertsons)
 
Marshalls, Ocean State Job Lot
 
206

 
Berkshire Crossing
 
Pittsfield
 
MA
 
Pittsfield, MA
 
1994
 
436,854

 
98.6
%
 
3,933

 
21.06

 
Market 32
 
Barnes & Noble, Michaels, Staples, The Home Depot, Ulta, Walmart
 
207

 
Westgate Plaza
 
Westfield
 
MA
 
Springfield, MA
 
1996
 
103,903

 
96.0
%
 
1,183

 
12.23

 
 
Ocean State Job Lot, Staples, T.J.Maxx
 
208

 
Perkins Farm Marketplace
 
Worcester
 
MA
 
Worcester, MA-CT
 
1967
 
207,538

 
79.1
%
 
2,086

 
22.30

 
Super Stop & Shop (Ahold)
 
Citi Trends, Fallas Paredes
 
209

 
South Plaza Shopping Center
 
California
 
MD
 
California-Lexington Park, MD
 
2005
 
92,335

 
100.0
%
 
1,812

 
19.62

 
 
Best Buy, Old Navy, Petco, Ross Dress for Less
 
210

 
Campus Village Shoppes
 
College Park
 
MD
 
Washington-Arlington-Alexandria, DC-VA-MD-WV
 
1986
 
25,529

 
100.0
%
 
812

 
31.81

 
 
 
211

 
Fox Run
 
Prince Frederick
 
MD
 
Washington-Arlington-Alexandria, DC-VA-MD-WV
 
1997
 
292,849

 
97.8
%
 
3,021

 
10.55

 
Giant Food (Ahold)
 
Jo-Ann Fabric & Craft Stores, Kmart, Peebles
 
212

 
Liberty Plaza
 
Randallstown
 
MD
 
Baltimore-Columbia-Towson, MD
 
1962
 
57,954

 
97.1
%
 
938

 
16.67

 
Walmart Supercenter*
 
Marshalls
 
213

 
Pine Tree Shopping Center
 
Portland
 
ME
 
Portland-South Portland, ME
 
1958
 
287,513

 
90.0
%
 
1,872

 
20.69

 
 
Big Lots, Dollar Tree, Jo-Ann Fabric & Craft Stores, Lowe's
 
214

 
Arborland Center
 
Ann Arbor
 
MI
 
Ann Arbor, MI
 
2000
 
403,536

 
96.4
%
 
6,312

 
16.45

 
Kroger
 
Bed Bath & Beyond, DSW, Marshalls, Michaels, Nordstrom Rack, Ulta
 
215

 
Maple Village (2)
 
Ann Arbor
 
MI
 
Ann Arbor, MI
 
2018
 
300,159

 
87.8
%
 
4,119

 
15.64

 
Plum Market
 
Dunham's Sports, HomeGoods, LA Fitness, Sierra Trading Post, Stein Mart, Ulta
 
216

 
Grand Crossing
 
Brighton
 
MI
 
Detroit-Warren-Dearborn, MI
 
2005
 
85,389

 
100.0
%
 
1,004

 
11.76

 
Busch’s Fresh Food Market
 
Ace Hardware
 
217

 
Farmington Crossroads
 
Farmington
 
MI
 
Detroit-Warren-Dearborn, MI
 
1986
 
79,068

 
100.0
%
 
813

 
10.28

 
 
Dollar Tree, Ollie's Bargain Outlet, True Value
 
218

 
Silver Pointe Shopping Center
 
Fenton
 
MI
 
Flint, MI
 
1996
 
162,059

 
91.3
%
 
1,884

 
12.83

 
VG's Food (SpartanNash)
 
Dunham's Sports, Glik's
 
219

 
Cascade East
 
Grand Rapids
 
MI
 
Grand Rapids-Wyoming, MI
1983
 
99,529

 
78.4
%
 
606

 
7.76

 
D&W Fresh Market (SpartanNash)
 
 
220

 
Delta Center
 
Lansing
 
MI
 
Lansing-East Lansing, MI
1985
 
186,246

 
98.2
%
 
1,523

 
8.33

 
 
Bed Bath & Beyond, DXL Destination XL, Hobby Lobby, Planet Fitness
 
221

 
Lakes Crossing
 
Muskegon
 
MI
 
Muskegon, MI
 
2008
 
110,997

 
84.9
%
 
1,405

 
16.31

 
 
Jo-Ann Fabric & Craft Stores, Party City, Shoe Carnival, Ulta
 
Kohl's
222

 
Redford Plaza
 
Redford
 
MI
 
Detroit-Warren-Dearborn, MI
1992
 
280,941

 
95.3
%
 
2,316

 
10.05

 
Prince Valley Market
 
Ace Hardware, Burlington Stores, Citi Trends, CW Price, Dollar Tree
 
223

 
Hampton Village Centre
 
Rochester Hills
 
MI
 
Detroit-Warren-Dearborn, MI
 
2004
 
470,137

 
97.7
%
 
6,605

 
18.76

 
 
Best Buy, DSW, Emagine Theatre, Kohl's, Old Navy, Petco, T.J.Maxx, Ulta
 
Target
224

 
Fashion Corners
 
Saginaw
 
MI
 
Saginaw, MI
 
2004
 
184,735

 
99.4
%
 
1,850

 
10.07

 
 
Bed Bath & Beyond, Best Buy, Dunham's Sports, Guitar Center, Harbor Freight Tools
 
225

 
Green Acres
 
Saginaw
 
MI
 
Saginaw, MI
 
2018
 
244,453

 
95.0
%
 
1,631

 
14.66

 
Kroger
 
Planet Fitness, Rite Aid
 
226

 
Southfield Plaza
 
Southfield
 
MI
 
Detroit-Warren-Dearborn, MI
 
1970
 
101,724

 
100.0
%
 
1,211

 
11.91

 
 
Party City, Planet Fitness
 
Burlington Stores
227

 
18 Ryan
 
Sterling Heights
 
MI
 
Detroit-Warren-Dearborn, MI
 
1997
 
101,709

 
48.8
%
 
655

 
13.20

 
 
O'Reilly Auto Parts, Planet Fitness
 
228

 
Delco Plaza
 
Sterling Heights
 
MI
 
Detroit-Warren-Dearborn, MI
 
1996
 
154,853

 
100.0
%
 
1,065

 
6.88

 
 
Babies"R"Us, Bed Bath & Beyond, Dunham's Mega Sports
 
229

 
Grand Traverse Crossing
 
Traverse City
 
MI
 
Traverse City, MI
 
1996
 
411,758

 
100.0
%
 
3,010

 
27.02

 
Walmart Supercenter
 
Books-A-Million, PetSmart, Staples, The Home Depot, Toys"R"Us, Ulta
 
230

 
West Ridge
 
Westland
 
MI
 
Detroit-Warren-Dearborn, MI
 
1989
 
162,874

 
71.4
%
 
1,177

 
10.13

 
 
Bed Bath & Beyond, Crunch Fitness, Party City, Petco
 
Burlington Stores, Target
231

 
Roundtree Place
 
Ypsilanti
 
MI
 
Ann Arbor, MI
 
1992
 
246,620

 
98.6
%
 
1,184

 
13.07

 
Walmart Supercenter
 
Harbor Freight Tools, Ollie's Bargain Outlet
 
232

 
Washtenaw Fountain Plaza
 
Ypsilanti
 
MI
 
Ann Arbor, MI
 
2005
 
123,706

 
96.0
%
 
843

 
7.10

 
Save-A-Lot
 
Dollar Tree, Dunham's Sports, Planet Fitness
 
233

 
Southport Centre I - VI
 
Apple Valley
 
MN
 
Minneapolis-St. Paul-Bloomington, MN-WI
 
1985
 
124,937

 
98.7
%
 
2,152

 
17.45

 
SuperTarget*
 
Best Buy, Dollar Tree, Walgreens
 
234

 
Burning Tree Plaza
 
Duluth
 
MN
 
Duluth, MN-WI
 
1987
 
182,969

 
97.7
%
 
2,175

 
12.17

 
 
Best Buy, David's Bridal, Dunham's Sports, Jo-Ann Fabric & Craft Stores, T.J.Maxx
 
235

 
Elk Park Center
 
Elk River
 
MN
 
Minneapolis-St. Paul-Bloomington, MN-WI
 
1999
 
205,009

 
86.9
%
 
1,930

 
10.83

 
Cub Foods (Jerry's Foods)
 
OfficeMax
 
236

 
Westwind Plaza
 
Minnetonka
 
MN
 
Minneapolis-St. Paul-Bloomington, MN-WI
 
2007
 
88,018

 
95.0
%
 
1,448

 
17.31

 
Cub Foods (Supervalu)*
 
 
237

 
Richfield Hub
 
Richfield
 
MN
 
Minneapolis-St. Paul-Bloomington, MN-WI
 
1952
 
213,595

 
87.9
%
 
2,170

 
11.56

 
 
Marshalls, Michaels
 
238

 
Roseville Center
 
Roseville
 
MN
 
Minneapolis-St. Paul-Bloomington, MN-WI
 
2000
 
69,537

 
57.2
%
 
652

 
16.39

 
Cub Foods (Jerry's Foods)*
 
Dollar Tree
 
239

 
Marketplace @ 42
 
Savage
 
MN
 
Minneapolis-St. Paul-Bloomington, MN-WI
 
1999
 
114,508

 
96.2
%
 
1,778

 
16.14

 
Fresh Thyme Farmers Market
 
Marshalls
 
240

 
Sun Ray Shopping Center
 
St. Paul
 
MN
 
Minneapolis-St. Paul-Bloomington, MN-WI
 
1958
 
291,048

 
91.7
%
 
2,485

 
12.35

 
Cub Foods (Supervalu)
 
Planet Fitness, T.J.Maxx, Valu Thrift Store
 
241

 
White Bear Hills Shopping Center
 
White Bear Lake
 
MN
 
Minneapolis-St. Paul-Bloomington, MN-WI
 
1996
 
73,095

 
93.5
%
 
626

 
9.16

 
Festival Foods
 
Dollar Tree
 
242

 
Ellisville Square
 
Ellisville
 
MO
 
St. Louis, MO-IL
 
1989
 
137,446

 
96.8
%
 
1,692

 
13.03

 
ALDI
 
Michaels, Party City, Petco, Tuesday Morning
 
243

 
Hub Shopping Center
 
Independence
 
MO
 
Kansas City, MO-KS
 
1995
 
160,423

 
89.5
%
 
793

 
5.91

 
Price Chopper
 
 
244

 
Watts Mill Plaza
 
Kansas City
 
MO
 
Kansas City, MO-KS
 
1997
 
161,717

 
95.7
%
 
1,391

 
8.98

 
Price Chopper
 
Ace Hardware
 
245

 
Liberty Corners
 
Liberty
 
MO
 
Kansas City, MO-KS
 
1987
 
124,808

 
85.1
%
 
930

 
8.75

 
Price Chopper
 
 
246

 
Maplewood Square
 
Maplewood
 
MO
 
St. Louis, MO-IL
 
1998
 
71,590

 
93.6
%
 
474

 
7.08

 
Shop 'n Save (Supervalu)
 
 
247

 
Clinton Crossing
 
Clinton
 
MS
 
Jackson, MS
 
1990
 
112,148

 
96.5
%
 
1,099

 
10.46

 
Kroger
 
 
248

 
County Line Plaza
 
Jackson
 
MS
 
Jackson, MS
 
1997
 
221,127

 
84.5
%
 
1,978

 
11.18

 
 
Burke's Outlet, Burlington Stores, Conn's, Kirkland's, Tuesday Morning
 
249

 
Devonshire Place
 
Cary
 
NC
 
Raleigh, NC
 
1996
 
106,680

 
82.9
%
 
1,326

 
15.39

 
 
Burlington Stores, Dollar Tree, REI
 
250

 
McMullen Creek Market
 
Charlotte
 
NC
 
Charlotte-Concord-Gastonia, NC-SC
 
1988
 
281,713

 
88.2
%
 
3,398

 
13.67

 
Walmart Neighborhood Market
 
Burlington Stores, Dollar Tree, Rugged Wearhouse, Staples
 

Supplemental Disclosure - Three Months Ended March 31, 2018
Page 43
jpgstandardlogoa21.jpg




PROPERTY LIST
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dollars in thousands, except per square foot amounts
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
 
Percent
 
 
 
 
 
 
 
 
 
 
 
 
Property Name
 
City
 
State
 
Metropolitan Statistical Area
 
Built
 
 GLA
 
Leased
 
 ABR
 
 ABR PSF
 
Grocer (1)
 
Other Major Tenants
 
Non-Owned Major Tenants
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
251

 
The Commons at Chancellor Park
 
Charlotte
 
NC
 
Charlotte-Concord-Gastonia, NC-SC
 
1994
 
348,604

 
100.0
%
 
2,027

 
8.34

 
Patel Brothers
 
Big Lots, Fallas Paredes, Gabriel Brothers, The Home Depot, Value City Furniture
 
252

 
Macon Plaza
 
Franklin
 
NC
 
 
2001
 
92,787

 
94.1
%
 
480

 
10.64

 
BI-LO (Southeastern Grocers)
 
Peebles
 
253

 
Garner Towne Square
 
Garner
 
NC
 
Raleigh, NC
 
1997
 
184,347

 
91.9
%
 
2,039

 
12.03

 
Kroger
 
Citi Trends, OfficeMax, PetSmart
 
Target, The Home Depot
254

 
Franklin Square
 
Gastonia
 
NC
 
Charlotte-Concord-Gastonia, NC-SC
 
1989
 
317,705

 
84.5
%
 
3,158

 
13.27

 
Walmart Supercenter*
 
Best Buy, Burke's Outlet, Dollar Tree, Michaels, Ross Dress for Less
 
255

 
Wendover Place
 
Greensboro
 
NC
 
Greensboro-High Point, NC
 
2000
 
406,768

 
100.0
%
 
5,129

 
14.74

 
 
Babies"R"Us, Christmas Tree Shops, Dick's Sporting Goods, Kohl's, Old Navy, PetSmart, Rainbow
 
Ross Dress for Less, Target
256

 
University Commons
 
Greenville
 
NC
 
Greenville, NC
 
1996
 
233,153

 
96.2
%
 
3,039

 
13.55

 
Harris Teeter (Kroger)
 
A.C. Moore, Barnes & Noble, Petco, T.J.Maxx
 
Target
257

 
Valley Crossing
 
Hickory
 
NC
 
Hickory-Lenoir-Morganton, NC
 
2014
 
191,431

 
100.0
%
 
1,801

 
9.41

 
 
Academy Sports + Outdoors, Dollar Tree, Fallas Paredes, Harbor Freight Tools, Ollie's Bargain Outlet
 
258

 
Kinston Pointe
 
Kinston
 
NC
 
Kinston, NC
 
2001
 
250,580

 
100.0
%
 
1,054

 
4.21

 
Walmart Supercenter
 
Dollar Tree
 
259

 
Magnolia Plaza
 
Morganton
 
NC
 
Hickory-Lenoir-Morganton, NC
 
1990
 
93,553

 
37.7
%
 
272

 
7.72

 
 
Harbor Freight Tools
 
260

 
Roxboro Square
 
Roxboro
 
NC
 
Durham-Chapel Hill, NC
 
2005
 
97,226

 
93.8
%
 
1,387

 
15.20

 
 
Person County Health & Human Services
 
261

 
Innes Street Market
 
Salisbury
 
NC
 
Charlotte-Concord-Gastonia, NC-SC
 
2002
 
349,425

 
98.7
%
 
3,944

 
11.43

 
Food Lion (Delhaize)
 
Lowe's, Marshalls, Old Navy, PetSmart, Staples, Tinseltown
 
262

 
Crossroads
 
Statesville
 
NC
 
Charlotte-Concord-Gastonia, NC-SC
 
1997
 
340,189

 
99.1
%
 
2,168

 
6.43

 
Walmart Supercenter
 
Big Lots, Burkes Outlet, Tractor Supply
 
263

 
Anson Station
 
Wadesboro
 
NC
 
 
1988
 
132,353

 
64.2
%
 
559

 
6.58

 
Food Lion (Delhaize)
 
Peebles, Tractor Supply Co.
 
264

 
New Centre Market
 
Wilmington
 
NC
 
Wilmington, NC
 
1998
 
143,762

 
92.6
%
 
1,810

 
13.99

 
 
OfficeMax, PetSmart, Sportsmans Warehouse
 
Target
265

 
University Commons
 
Wilmington
 
NC
 
Wilmington, NC
 
2007
 
235,345

 
100.0
%
 
3,581

 
15.22

 
Lowes Foods
 
A.C. Moore, HomeGoods, T.J.Maxx
 
266

 
Whitaker Square
 
Winston Salem
 
NC
 
Winston-Salem, NC
 
1996
 
82,760

 
98.3
%
 
1,206

 
14.82

 
Harris Teeter (Kroger)
 
 
267

 
Parkway Plaza
 
Winston-Salem
 
NC
 
Winston-Salem, NC
 
2005
 
284,093

 
88.4
%
 
2,893

 
12.45

 
Super Compare Foods
 
Big Lots, Citi Trends, Office Depot
 
268

 
Stratford Commons
 
Winston-Salem
 
NC
 
Winston-Salem, NC
 
1995
 
72,308

 
94.8
%
 
978

 
14.27

 
 
Golf Galaxy, Mattress Firm, OfficeMax
 
269

 
Bedford Grove
 
Bedford
 
NH
 
Manchester-Nashua, NH
 
1989
 
216,941

 
76.6
%
 
1,586

 
33.62

 
 
Boston Interiors, Walmart
 
270

 
Capitol Shopping Center
 
Concord
 
NH
 
Concord, NH
 
2001
 
182,887

 
100.0
%
 
2,054

 
11.50

 
Market Basket (DeMoulas Supermarkets)
 
Burlington Stores, Jo-Ann Fabric & Craft Stores, Marshalls
 
271

 
Willow Springs Plaza
 
Nashua
 
NH
 
Manchester-Nashua, NH
 
1990
 
131,248

 
100.0
%
 
2,363

 
19.63

 
 
JC Penney, New Hampshire Liquor and Wine Outlet, Petco
 
The Home Depot
272

 
Seacoast Shopping Center
 
Seabrook
 
NH
 
Boston-Cambridge-Newton, MA-NH
 
1991
 
91,690

 
76.9
%
 
404

 
5.99

 
 
Jo-Ann Fabric & Craft Stores, NH1 MotorPlex
 
Cardi's Furniture, Ocean State Job Lot
273

 
Tri-City Plaza
 
Somersworth
 
NH
 
Boston-Cambridge-Newton, MA-NH
 
1990
 
150,004

 
98.0
%
 
1,411

 
9.60

 
Market Basket (DeMoulas Supermarkets)
 
T.J.Maxx
 
274

 
Laurel Square
 
Brick
 
NJ
 
New York-Newark-Jersey City, NY-NJ-PA
 
2003
 
246,235

 
66.3
%
 
1,042

 
6.93

 
 
At Home, Planet Fitness
 
275

 
The Shoppes at Cinnaminson
 
Cinnaminson
 
NJ
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
 
2010
 
298,309

 
96.8
%
 
4,348

 
22.15

 
ShopRite
 
Burlington Stores, Planet Fitness, Ross Dress For Less
 
276

 
Acme Clark
 
Clark
 
NJ
 
New York-Newark-Jersey City, NY-NJ-PA
 
2007
 
52,812

 
100.0
%
 
1,422

 
26.93

 
Acme (Albertsons)
 
 
277

 
Collegetown Shopping Center
 
Glassboro
 
NJ
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
 
1966
 
250,408

 
96.4
%
 
2,195

 
9.10

 
 
Kmart, LA Fitness, Staples
 
278

 
Hamilton Plaza
 
Hamilton
 
NJ
 
Trenton, NJ
 
1972
 
148,919

 
98.0
%
 
1,211

 
8.30

 
 
Hibachi Grill & Supreme Buffet, Kmart, Planet Fitness
 
279

 
Bennetts Mills Plaza
 
Jackson
 
NJ
 
New York-Newark-Jersey City, NY-NJ-PA
 
2002
 
127,230

 
93.1
%
 
1,594

 
13.45

 
Super Stop & Shop (Ahold)
 
 
280

 
Lakewood Plaza
 
Lakewood
 
NJ
 
New York-Newark-Jersey City, NY-NJ-PA
 
1966
 
203,210

 
100.0
%
 
3,461

 
17.46

 
Gourmet Glatt Market
 
Dollar Tree
 
281

 
Marlton Crossing (2)
 
Marlton
 
NJ
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
 
2018
 
332,671

 
99.5
%
 
5,807

 
17.54

 
Sprouts Farmers Market
 
Burlington Stores, DSW, HomeGoods, Michaels, T.J. Maxx
 
282

 
Middletown Plaza
 
Middletown
 
NJ
 
New York-Newark-Jersey City, NY-NJ-PA
 
2001
 
197,066

 
89.7
%
 
3,602

 
20.67

 
ShopRite
 
Petco, Rite Aid
 
283

 
Larchmont Centre
 
Mount Laurel
 
NJ
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
 
1985
 
103,787

 
88.5
%
 
1,133

 
30.86

 
ShopRite
 
 
284

 
Old Bridge Gateway
 
Old Bridge
 
NJ
 
New York-Newark-Jersey City, NY-NJ-PA
 
1995
 
246,120

 
96.3
%
 
3,830

 
16.15

 
Bhavani Food Market
 
Marshalls, Modell's Sporting Goods, Pep Boys, Petco, Robert Wood Johnson Fitness
 
285

 
Morris Hills Shopping Center
 
Parsippany
 
NJ
 
New York-Newark-Jersey City, NY-NJ-PA
 
1994
 
159,561

 
100.0
%
 
3,067

 
19.22

 
 
Blink Fitness (Equinox), Cinepolis, HomeGoods, Marshalls
 
286

 
Rio Grande Plaza
 
Rio Grande
 
NJ
 
Ocean City, NJ
 
1997
 
140,200

 
95.1
%
 
1,550

 
11.62

 
ShopRite*
 
Peebles, PetSmart, Planet Fitness
 
287

 
Ocean Heights Plaza
 
Somers Point
 
NJ
 
Atlantic City-Hammonton, NJ
 
2006
 
179,199

 
99.1
%
 
3,364

 
18.94

 
ShopRite
 
Pier 1 Imports, Staples
 
288

 
Springfield Place
 
Springfield
 
NJ
 
New York-Newark-Jersey City, NY-NJ-PA
 
1965
 
34,409

 
100.0
%
 
532

 
15.46

 
ShopRite
 
 
289

 
Tinton Falls Plaza
 
Tinton Falls
 
NJ
 
New York-Newark-Jersey City, NY-NJ-PA
2006
 
98,410

 
80.1
%
 
1,335

 
16.93

 
Acme (Albertsons)*
 
Dollar Tree, Jersey Strong
 
290

 
Cross Keys Commons
 
Turnersville
 
NJ
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
 
1989
 
216,323

 
91.8
%
 
3,285

 
16.54

 
Walmart Supercenter*
 
Marshalls, Rainbow, Ross Dress for Less, Staples, ULTA
 
291

 
Dover Park Plaza
 
Yardville
 
NJ
 
Trenton, NJ
2005
 
56,638

 
85.7
%
 
768

 
15.82

 
 
CVS, Dollar Tree
 
292

 
St Francis Plaza
 
Santa Fe
 
NM
 
Santa Fe, NM
 
1993
 
35,800

 
100.0
%
 
460

 
12.85

 
Natural Grocers
 
Walgreens
 
293

 
Smith's
 
Socorro
 
NM
 
 
1976
 
48,000

 
100.0
%
 
506

 
10.54

 
 
 
294

 
Parkway Plaza
 
Carle Place
 
NY
 
New York-Newark-Jersey City, NY-NJ-PA
 
1993
 
89,704

 
98.5
%
 
2,637

 
29.86

 
 
Minado, Stew Leonard's Wines, T.J.Maxx
 
295

 
Erie Canal Centre
 
Dewitt
 
NY
 
Syracuse, NY
2018
 
116,488

 
100.0
%
 
1,448

 
12.43

 
 
Burlington Stores, Dick's Sporting Goods, Michaels
 
296

 
Unity Plaza
 
East Fishkill
 
NY
 
New York-Newark-Jersey City, NY-NJ-PA
 
2005
 
67,462

 
100.0
%
 
1,428

 
21.17

 
Acme (Albertsons)
 
True Value
 
297

 
Suffolk Plaza
 
East Setauket
 
NY
 
New York-Newark-Jersey City, NY-NJ-PA
1998
 
84,480

 
27.8
%
 
680

 
28.96

 
BJ's Wholesale*, Walmart Supercenter*
 
 
Kohl's
298

 
Three Village Shopping Center
 
East Setauket
 
NY
 
New York-Newark-Jersey City, NY-NJ-PA
 
1991
 
77,458

 
94.3
%
 
1,907

 
26.11

 
Wild by Nature Market*
 
Ace Hardware
 
Rite Aid
299

 
Stewart Plaza
 
Garden City
 
NY
 
New York-Newark-Jersey City, NY-NJ-PA
 
1990
 
193,622

 
97.2
%
 
2,938

 
15.61

 
 
Burlington Stores, Dollar Tree, K&G Fashion Superstore
 

Supplemental Disclosure - Three Months Ended March 31, 2018
Page 44
jpgstandardlogoa21.jpg




PROPERTY LIST
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dollars in thousands, except per square foot amounts
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
 
Percent
 
 
 
 
 
 
 
 
 
 
 
 
Property Name
 
City
 
State
 
Metropolitan Statistical Area
 
Built
 
 GLA
 
Leased
 
 ABR
 
 ABR PSF
 
Grocer (1)
 
Other Major Tenants
 
Non-Owned Major Tenants
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
300

 
Dalewood I, II & III Shopping Center
 
Hartsdale
 
NY
 
New York-Newark-Jersey City, NY-NJ-PA
 
1972
 
194,441

 
100.0
%
 
6,664

 
35.56

 
H-Mart
 
Christmas Tree Shops, Rite Aid, T.J.Maxx
 
301

 
Cayuga Mall
 
Ithaca
 
NY
 
Ithaca, NY
 
1969
 
204,830

 
85.0
%
 
1,672

 
9.61

 
 
Big Lots, Jo-Ann Fabric & Craft Stores, Party City, Rite Aid, True Value
 
302

 
Kings Park Plaza
 
Kings Park
 
NY
 
New York-Newark-Jersey City, NY-NJ-PA
 
1985
 
72,208

 
100.0
%
 
1,497

 
20.73

 
Key Food Marketplace
 
T.J.Maxx
 
303

 
Village Square Shopping Center
 
Larchmont
 
NY
 
New York-Newark-Jersey City, NY-NJ-PA
 
1981
 
17,000

 
100.0
%
 
578

 
34.00

 
Trader Joe's
 
 
304

 
Falcaro's Plaza
 
Lawrence
 
NY
 
New York-Newark-Jersey City, NY-NJ-PA
1972
 
61,118

 
81.8
%
 
1,237

 
24.75

 
 
Advance Auto Parts, Planet Fitness
 
305

 
Mamaroneck Centre (2)
 
Mamaroneck
 
NY
 
New York-Newark-Jersey City, NY-NJ-PA
 
2018
 
24,922

 
100.0
%
 
863

 
34.63

 
North Shore Farms
 
CVS
 
306

 
Sunshine Square
 
Medford
 
NY
 
New York-Newark-Jersey City, NY-NJ-PA
 
2007
 
223,322

 
90.9
%
 
2,767

 
13.64

 
Super Stop & Shop (Ahold)
 
Planet Fitness, Savers
 
307

 
Wallkill Plaza
 
Middletown
 
NY
 
New York-Newark-Jersey City, NY-NJ-PA
 
1986
 
209,910

 
96.4
%
 
2,125

 
10.83

 
 
Ashley Furniture, Big Lots, Citi Trends, David's Bridal, Hobby Lobby
 
308

 
Monroe Plaza
 
Monroe
 
NY
 
New York-Newark-Jersey City, NY-NJ-PA
 
1985
 
122,007

 
100.0
%
 
1,947

 
15.96

 
ShopRite
 
Retro Fitness, Rite Aid, U.S. Post Office
 
309

 
Rockland Plaza
 
Nanuet
 
NY
 
New York-Newark-Jersey City, NY-NJ-PA
 
2006
 
251,537

 
98.7
%
 
6,561

 
26.42

 
A Matter of Health
 
Barnes & Noble, Lemon Pop, Marshalls, Modell's Sporting Goods, Petco
 
310

 
North Ridge Shopping Center
 
New Rochelle
 
NY
 
New York-Newark-Jersey City, NY-NJ-PA
 
1971
 
37,618

 
90.6
%
 
1,313

 
38.54

 
 
Harmon Discount
 
311

 
Nesconset Shopping Center
 
Port Jefferson Station
 
NY
 
New York-Newark-Jersey City, NY-NJ-PA
 
1961
 
122,996

 
95.3
%
 
2,577

 
21.97

 
 
Dollar Tree, HomeGoods
 
312

 
Roanoke Plaza
 
Riverhead
 
NY
 
New York-Newark-Jersey City, NY-NJ-PA
 
2002
 
99,131

 
100.0
%
 
1,831

 
18.47

 
Best Yet Market
 
CVS, T.J.Maxx
 
313

 
Rockville Centre
 
Rockville Centre
 
NY
 
New York-Newark-Jersey City, NY-NJ-PA
 
1975
 
44,131

 
94.3
%
 
1,107

 
26.59

 
 
HomeGoods, Rite Aid
 
314

 
Mohawk Acres Plaza
 
Rome
 
NY
 
Utica-Rome, NY
 
2005
 
156,680

 
81.6
%
 
1,260

 
21.79

 
Price Chopper
 
Family Dollar
 
315

 
College Plaza
 
Selden
 
NY
 
New York-Newark-Jersey City, NY-NJ-PA
 
2013
 
180,182

 
96.6
%
 
3,097

 
18.26

 
ShopRite
 
A.C. Moore, Blink Fitness (Equinox), Bob's Stores
 
Firestone
316

 
Campus Plaza
 
Vestal
 
NY
 
Binghamton, NY
 
2003
 
160,744

 
97.3
%
 
1,810

 
11.57

 
 
Olum's Furniture & Appliances, Rite Aid, Staples
 
317

 
Parkway Plaza
 
Vestal
 
NY
 
Binghamton, NY
 
1995
 
204,954

 
100.0
%
 
2,221

 
10.84

 
PriceRite (Wakefern)
 
Bed Bath & Beyond, Kohl's, PetSmart
 
Target
318

 
Shoppes at Vestal
 
Vestal
 
NY
 
Binghamton, NY
 
2000
 
92,328

 
100.0
%
 
1,494

 
16.18

 
 
HomeGoods, Michaels, Old Navy
 
319

 
Town Square Mall
 
Vestal
 
NY
 
Binghamton, NY
 
1991
 
293,181

 
99.4
%
 
4,955

 
17.01

 
Sam's Club*, Walmart Supercenter*
 
A.C. Moore, AMC Cinemas, Barnes & Noble, Dick's Sporting Goods, Dollar Tree, DSW, T.J.Maxx, Ulta
 
320

 
The Plaza at Salmon Run
 
Watertown
 
NY
 
Watertown-Fort Drum, NY
 
1993
 
68,761

 
94.1
%
 
707

 
10.92

 
Hannaford Bros. (Delhaize)
 
Red Robin Gourmet Burger
 
Lowe's
321

 
Highridge Plaza
 
Yonkers
 
NY
 
New York-Newark-Jersey City, NY-NJ-PA
 
1977
 
88,501

 
94.4
%
 
2,278

 
27.28

 
H-Mart
 
 
322

 
Brunswick Town Center
 
Brunswick
 
OH
 
Cleveland-Elyria, OH
 
2004
 
138,407

 
96.3
%
 
1,878

 
14.09

 
Giant Eagle
 
 
The Home Depot
323

 
30th Street Plaza
 
Canton
 
OH
 
Canton-Massillon, OH
 
1999
 
145,935

 
93.7
%
 
1,468

 
10.73

 
Giant Eagle, Marc's
 
 
324

 
Brentwood Plaza
 
Cincinnati
 
OH
 
Cincinnati, OH-KY-IN
 
2004
 
222,174

 
94.2
%
 
2,376

 
17.95

 
Kroger
 
Petco, Planet Fitness, Rainbow
 
325

 
Delhi Shopping Center
 
Cincinnati
 
OH
 
Cincinnati, OH-KY-IN
 
1973
 
164,750

 
97.4
%
 
1,448

 
9.02

 
Kroger
 
Pet Supplies Plus
 
326

 
Harpers Station
 
Cincinnati
 
OH
 
Cincinnati, OH-KY-IN
 
1994
 
252,233

 
99.0
%
 
3,550

 
14.22

 
Fresh Thyme Farmers Market
 
HomeGoods, LA Fitness, Pet Supplies Plus, Stein Mart, T.J.Maxx
 
327

 
Western Hills Plaza
 
Cincinnati
 
OH
 
Cincinnati, OH-KY-IN
 
1954
 
314,754

 
100.0
%
 
3,936

 
12.85

 
 
Bed Bath & Beyond, Michaels, Sears, Staples, T.J.Maxx
 
Target
328

 
Western Village
 
Cincinnati
 
OH
 
Cincinnati, OH-KY-IN
 
2005
 
115,116

 
93.8
%
 
965

 
30.78

 
Kroger
 
 
329

 
Crown Point
 
Columbus
 
OH
 
Columbus, OH
 
1980
 
144,931

 
93.1
%
 
1,363

 
10.11

 
Kroger
 
Dollar Tree, Planet Fitness
 
330

 
Greentree Shopping Center
 
Columbus
 
OH
 
Columbus, OH
 
2005
 
130,773

 
84.8
%
 
1,164

 
11.31

 
Kroger
 
 
331

 
Brandt Pike Place
 
Dayton
 
OH
 
Dayton, OH
 
2008
 
17,900

 
88.8
%
 
154

 
9.69

 
Kroger*
 
 
332

 
South Towne Centre
 
Dayton
OH
 
Dayton, OH
 
1972
 
333,998

 
97.5
%
 
4,358

 
13.98

 
Health Foods Unlimited
 
Burlington Stores, Christmas Tree Shops, Jo-Ann Fabric & Craft Stores, Party City, Petsmart, Value City Furniture
 
333

 
Southland Shopping Center
 
Middleburg Heights
 
OH
 
Cleveland-Elyria, OH
 
1951
 
695,261

 
96.6
%
 
6,658

 
9.91

 
BJ's Wholesale Club, Giant Eagle, Marc's
 
Aspire Fitness, Burlington Stores, Cleveland Furniture Bank, Jo-Ann Fabric & Craft Stores, Marshalls, Party City
 
334

 
The Shoppes at North Olmsted
 
North Olmsted
 
OH
 
Cleveland-Elyria, OH
 
2002
 
70,003

 
100.0
%
 
1,166

 
16.66

 
 
Ollie's Bargain Outlet, Sears Outlet
 
335

 
Surrey Square
 
Norwood
 
OH
 
Cincinnati, OH-KY-IN
 
2010
 
175,167

 
96.7
%
 
2,168

 
25.48

 
Kroger
 
Marshalls
 
336

 
Market Place
 
Piqua
 
OH
 
Dayton, OH
 
1972
 
182,487

 
89.6
%
 
678

 
7.58

 
Kroger
 
Roses
 
337

 
Brice Park
 
Reynoldsburg
 
OH
 
Columbus, OH
 
1989
 
158,565

 
87.6
%
 
1,194

 
9.37

 
 
Ashley Furniture, Citi Trends, Dollar Tree, Michaels
 
338

 
Streetsboro Crossing
 
Streetsboro
 
OH
 
Akron, OH
 
2002
 
89,436

 
100.0
%
 
694

 
7.76

 
Giant Eagle
 
 
Lowe's, Target
339

 
Miracle Mile Shopping Plaza
 
Toledo
 
OH
 
Toledo, OH
 
1955
 
315,515

 
80.8
%
 
1,776

 
11.93

 
Kroger
 
Aspire Fitness, Big Lots, Harbor Freight Tools
 
340

 
Southland Shopping Plaza
 
Toledo
 
OH
 
Toledo, OH
 
1988
 
285,278

 
67.9
%
 
1,346

 
7.38

 
 
Big Lots, Planet Fitness, Shopper's World
 
341

 
Wadsworth Crossings
 
Wadsworth
 
OH
 
Cleveland-Elyria, OH
 
2005
 
118,145

 
71.8
%
 
1,528

 
18.69

 
 
OfficeMax, Petco, Planet Fitness
 
Kohl's, Lowe's, Target
342

 
Northgate Plaza
 
Westerville
 
OH
 
Columbus, OH
 
2008
 
15,219

 
100.0
%
 
269

 
17.68

 
Kroger*
 
 
The Home Depot
343

 
Marketplace
 
Tulsa
 
OK
 
Tulsa, OK
 
1992
 
186,851

 
100.0
%
 
1,850

 
9.90

 
 
Basset Home Furnishings, Conn's, David's Bridal, Drysdales Western Wear, PetSmart
 
Best Buy
344

 
Village West
 
Allentown
 
PA
 
Allentown-Bethlehem-Easton, PA-NJ
 
1999
 
140,474

 
99.4
%
 
2,664

 
19.09

 
Giant Food (Ahold)
 
CVS, Dollar Tree
 
345

 
Park Hills Plaza
 
Altoona
 
PA
 
Altoona, PA
 
1985
 
277,341

 
79.6
%
 
1,995

 
9.13

 
Weis Markets
 
A.C. Moore, Dunham's Sports, Harbor Freight, Shoe Carnival, Toys"R"Us
 
346

 
Bensalem Square
 
Bensalem
 
PA
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
 
1986
 
70,378

 
100.0
%
 
773

 
10.98

 
Redner's Warehouse Market
 
 
Premiere Storage
347

 
Bethel Park Shopping Center
 
Bethel Park
 
PA
 
Pittsburgh, PA
 
1965
 
199,079

 
100.0
%
 
1,947

 
10.84

 
Giant Eagle
 
Walmart
 
348

 
Bethlehem Square
 
Bethlehem
 
PA
 
Allentown-Bethlehem-Easton, PA-NJ
 
1994
 
389,450

 
99.4
%
 
3,899

 
15.23

 
Giant Food (Ahold)
 
T.J.Maxx, The Home Depot, Walmart
 
349

 
Lehigh Shopping Center
 
Bethlehem
 
PA
 
Allentown-Bethlehem-Easton, PA-NJ
 
1955
 
374,858

 
92.1
%
 
3,211

 
11.85

 
Giant Food (Ahold)
 
Big Lots, Citi Trends, Dollar Tree, Mega Marshalls, PetSmart, Rite Aid, Staples, Wells Fargo, Wines & Spirits
 

Supplemental Disclosure - Three Months Ended March 31, 2018
Page 45
jpgstandardlogoa21.jpg




PROPERTY LIST
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dollars in thousands, except per square foot amounts
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
 
Percent
 
 
 
 
 
 
 
 
 
 
 
 
Property Name
 
City
 
State
 
Metropolitan Statistical Area
 
Built
 
 GLA
 
Leased
 
 ABR
 
 ABR PSF
 
Grocer (1)
 
Other Major Tenants
 
Non-Owned Major Tenants
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
350

 
Bristol Park
 
Bristol
 
PA
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
 
1993
 
282,654

 
94.5
%
 
2,461

 
9.22

 
 
Ollie's Bargain Outlet
 
351

 
Chalfont Village Shopping Center
 
Chalfont
 
PA
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
 
1989
 
46,051

 
73.6
%
 
417

 
12.30

 
 
 
352

 
New Britain Village Square
 
Chalfont
 
PA
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
 
1989
 
143,716

 
93.0
%
 
2,399

 
17.94

 
Giant Food (Ahold)
 
Tuesday Morning, Wine & Spirits Shoppe
 
353

 
Collegeville Shopping Center (2)
 
Collegeville
 
PA
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
 
2018
 
110,696

 
72.9
%
 
1,134

 
14.06

 
Kimberton Whole Foods
 
Pep Boys, Rascal Fitness
 
354

 
Whitemarsh Shopping Center
 
Conshohocken
 
PA
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
 
2002
 
67,476

 
100.0
%
 
1,593

 
23.61

 
Giant Food (Ahold)
 
Wine & Spirits Shoppe
 
355

 
Valley Fair
 
Devon
 
PA
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
 
2001
 
105,086

 
100.0
%
 
1,088

 
10.35

 
 
Chuck E. Cheese's, Mealey's Furniture
 
356

 
Dickson City Crossings
 
Dickson City
PA
 
Scranton--Wilkes-Barre--Hazleton, PA
 
1997
 
312,699

 
94.9
%
 
3,334

 
18.19

 
 
Burlington Stores, Dollar Tree, Gabe's, Party City, PetSmart, T.J.Maxx, The Home Depot
 
357

 
Dillsburg Shopping Center
 
Dillsburg
 
PA
 
York-Hanover, PA
 
1994
 
153,088

 
95.2
%
 
1,894

 
13.25

 
Giant Food (Ahold)
 
Dollar Tree, Rite Aid, Tractor Supply Co.
 
358

 
Barn Plaza
 
Doylestown
 
PA
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
 
2002
 
237,681

 
98.2
%
 
3,322

 
14.23

 
 
Kohl's, Marshalls, Regal Cinemas
 
359

 
Pilgrim Gardens
 
Drexel Hill
 
PA
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
 
1955
 
75,223

 
96.5
%
 
1,227

 
16.90

 
 
Dollar Tree, Ross Dress for Less, Tuesday Morning, US Post Office
 
360

 
Mount Carmel Plaza
 
Glenside
 
PA
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
 
1975
 
14,504

 
94.1
%
 
200

 
14.65

 
 
SGS Paper
 
361

 
Kline Plaza
 
Harrisburg
 
PA
 
Harrisburg-Carlisle, PA
 
1952
 
214,628

 
85.6
%
 
1,802

 
9.81

 
Giant Food (Ahold)
 
Citi Trends
 
362

 
New Garden Center
 
Kennett Square
 
PA
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
 
1979
 
144,920

 
94.9
%
 
1,034

 
7.68

 
 
Big Lots, Ollie's Bargain Outlet
 
363

 
Stone Mill Plaza
 
Lancaster
 
PA
 
Lancaster, PA
 
2008
 
106,736

 
100.0
%
 
1,334

 
12.50

 
Giant Food (Ahold)
 
 
364

 
Woodbourne Square
 
Langhorne
 
PA
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
 
1984
 
29,821

 
81.6
%
 
525

 
21.59

 
 
 
365

 
North Penn Market Place
 
Lansdale
 
PA
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
 
1977
 
58,358

 
90.7
%
 
950

 
19.26

 
Weis Markets*
 
 
366

 
New Holland Shopping Center
 
New Holland
 
PA
 
Lancaster, PA
 
1995
 
65,878

 
100.0
%
 
576

 
8.74

 
Grocery Outlet
 
Family Dollar
 
367

 
Village at Newtown
 
Newtown
 
PA
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
 
1989
 
175,423

 
87.1
%
 
4,200

 
27.48

 
McCaffrey's
 
Pier 1 Imports
 
368

 
Cherry Square
 
Northampton
 
PA
 
Allentown-Bethlehem-Easton, PA-NJ
 
1989
 
75,005

 
94.7
%
 
700

 
9.85

 
Redner's Warehouse Market
 
 
369

 
Ivyridge
 
Philadelphia
 
PA
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
 
1963
 
106,353

 
100.0
%
 
2,636

 
24.79

 
 
Dollar Tree, Target, Wine & Spirits
 
370

 
Roosevelt Mall
 
Philadelphia
 
PA
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
1964
 
561,863

 
97.2
%
 
7,951

 
34.11

 
 
Macy's, Modell's Sporting Goods, Rainbow, Ross Dress For Less
 
371

 
Shoppes at Valley Forge
 
Phoenixville
 
PA
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
 
2003
 
176,676

 
94.2
%
 
1,280

 
7.69

 
Redner's Warehouse Market
 
French Creek Outfitters, Staples
 
372

 
County Line Plaza
 
Souderton
 
PA
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
 
1971
 
154,758

 
97.1
%
 
1,518

 
10.50

 
ALDI
 
Dollar Tree, Planet Fitness, Rite Aid, VF Outlet
 
373

 
69th Street Plaza
 
Upper Darby
 
PA
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
 
1994
 
41,711

 
100.0
%
 
416

 
9.97

 
Fresh Grocer (Wakefern)*
 
EZ Bargains, Rent-A-Center, Super Dollar City
 
374

 
Warminster Towne Center
 
Warminster
 
PA
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
1997
 
237,152

 
100.0
%
 
3,636

 
16.63

 
ShopRite
 
A.C. Moore, Modell's Sporting Goods, Old Navy, Party City, PetSmart, Ross Dress for Less
 
Kohl's
375

 
Shops at Prospect
 
West Hempfield
 
PA
 
Lancaster, PA
1994
 
63,392

 
97.6
%
 
708

 
11.44

 
Musser's Markets
 
Dollar Tree
 
Kmart
376

 
Whitehall Square
 
Whitehall
 
PA
 
Allentown-Bethlehem-Easton, PA-NJ
2006
 
315,192

 
94.8
%
 
3,481

 
11.65

 
Redner's Warehouse Market
 
Dollar Tree, Gabriel Brothers, Mealey's Furniture, National Tire & Battery, PetSmart, Ross Dress for Less, Staples
 
377

 
Wilkes-Barre Township Marketplace
 
Wilkes-Barre
 
PA
 
Scranton--Wilkes-Barre--Hazleton, PA
2004
 
307,610

 
94.7
%
 
2,078

 
30.25

 
Walmart Supercenter
 
Chuck E Cheese, Cracker Barrel, Party City, Shoe Carnival
 
378

 
Belfair Towne Village
 
Bluffton
 
SC
 
Hilton Head Island-Bluffton-Beaufort, SC
2006
 
165,039

 
97.0
%
 
2,411

 
15.07

 
Kroger
 
Stein Mart
 
379

 
Milestone Plaza
 
Greenville
 
SC
 
Greenville-Anderson-Mauldin, SC
1995
 
89,721

 
100.0
%
 
1,573

 
17.53

 
BI-LO (Southeastern Grocers)
 
 
380

 
Circle Center
 
Hilton Head
 
SC
 
Hilton Head Island-Bluffton-Beaufort, SC
 
2000
 
65,313

 
96.9
%
 
865

 
13.66

 
BI-LO (Southeastern Grocers)
 
 
381

 
Island Plaza
 
James Island
 
SC
 
Charleston-North Charleston, SC
 
1994
 
171,224

 
100.0
%
 
1,554

 
9.08

 
Food Lion (Delhaize)
 
Dollar Tree, Gold's Gym, Tuesday Morning
 
382

 
Festival Centre
 
North Charleston
 
SC
 
Charleston-North Charleston, SC
1987
 
325,347

 
84.5
%
 
2,452

 
9.03

 
 
Gold's Gym, Intercontinental Hotels Group, New Spring Church, Sears Outlet
 
383

 
Fairview Corners I & II
 
Simpsonville
 
SC
 
Greenville-Anderson-Mauldin, SC
2003
 
131,002

 
98.9
%
 
2,019

 
15.59

 
 
Ross Dress for Less, T.J.Maxx
 
Target
384

 
Hillcrest Market Place
 
Spartanburg
 
SC
 
Spartanburg, SC
1965
 
360,277

 
88.9
%
 
3,656

 
12.01

 
Publix
 
Marshalls, NCG Cinemas, Office Depot, Petco, Ross Dress for Less, Stein Mart
 
385

 
Shoppes at Hickory Hollow
 
Antioch
 
TN
 
Nashville-Davidson--Murfreesboro--Franklin, TN
1986
 
144,469

 
79.4
%
 
1,293

 
11.27

 
Kroger
 
Citi Trends
 
386

 
East Ridge Crossing
 
Chattanooga
 
TN
 
Chattanooga, TN-GA
 
1999
 
58,950

 
86.1
%
 
551

 
10.86

 
Food Lion (Delhaize)
 
 
387

 
Watson Glen Shopping Center
 
Franklin
 
TN
 
Nashville-Davidson--Murfreesboro--Franklin, TN
1988
 
265,027

 
100.0
%
 
2,781

 
10.59

 
ALDI
 
At Home, Big Lots, Franklin Athletic Club, Trees n Trends
 
388

 
Williamson Square
 
Franklin
 
TN
 
Nashville-Davidson--Murfreesboro--Franklin, TN
 
1988
 
331,386

 
95.2
%
 
3,283

 
10.41

 
 
Family Leisure, Grace Church Nashville, Hard Knocks, Hobby Lobby, Planet Fitness, Skyzone, USA Baby
 
389

 
Greensboro Village
 
Gallatin
 
TN
 
Nashville-Davidson--Murfreesboro--Franklin, TN
2005
 
70,203

 
98.3
%
 
1,012

 
14.67

 
Publix
 
 
390

 
Greeneville Commons
 
Greeneville
 
TN
 
Greeneville, TN
2002
 
228,043

 
91.0
%
 
1,415

 
11.94

 
 
Belk, Burkes Outlet, Kmart
 
391

 
Kimball Crossing
 
Kimball
 
TN
 
Chattanooga, TN-GA
 
2007
 
280,476

 
98.9
%
 
1,920

 
7.62

 
Walmart Supercenter
 
Goody's
 
Lowe's
392

 
Kingston Overlook
 
Knoxville
 
TN
 
Knoxville, TN
1996
 
122,536

 
100.0
%
 
1,136

 
9.52

 
 
Babies"R"Us, Badcock Home Furniture, Sears Outlet
 
393

 
Farrar Place
 
Manchester
 
TN
 
Tullahoma-Manchester, TN
 
1989
 
43,220

 
100.0
%
 
388

 
8.98

 
Food Lion (Delhaize)
 
 
394

 
The Commons at Wolfcreek
 
Memphis
 
TN
 
Memphis, TN-MS-AR
2014
 
659,193

 
82.5
%
 
8,189

 
15.51

 
 
Academy Sports + Outdoors, Best Buy, Big Lots, Dave & Busters, David's Bridal, DSW, Office Depot, PetSmart, T.J.Maxx, Value City Furniture
 
Target, The Home Depot, Toys"R"Us
395

 
Georgetown Square
 
Murfreesboro
 
TN
 
Nashville-Davidson--Murfreesboro--Franklin, TN
2003
 
114,117

 
86.3
%
 
1,190

 
12.08

 
Kroger
 
Aaron's
 
396

 
Nashboro Village
 
Nashville
 
TN
 
Nashville-Davidson--Murfreesboro--Franklin, TN
1998
 
86,811

 
100.0
%
 
1,080

 
12.44

 
Kroger
 
 
Walgreens
397

 
Commerce Central
 
Tullahoma
 
TN
 
Tullahoma-Manchester, TN
1995
 
182,401

 
98.3
%
 
1,267

 
7.07

 
Walmart Supercenter
 
Dollar Tree
 
398

 
Merchant's Central
 
Winchester
 
TN
 
Tullahoma-Manchester, TN
1997
 
208,123

 
95.2
%
 
1,193

 
6.02

 
Walmart Supercenter
 
Goody's
 

Supplemental Disclosure - Three Months Ended March 31, 2018
Page 46
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PROPERTY LIST
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dollars in thousands, except per square foot amounts
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
 
Percent
 
 
 
 
 
 
 
 
 
 
 
 
Property Name
 
City
 
State
 
Metropolitan Statistical Area
 
Built
 
 GLA
 
Leased
 
 ABR
 
 ABR PSF
 
Grocer (1)
 
Other Major Tenants
 
Non-Owned Major Tenants
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
399

 
Palm Plaza
 
Aransas
 
TX
 
Corpus Christi, TX
2002
 
50,475

 
92.3
%
 
318

 
8.19

 
 
Bealls (Stage Stores), Family Dollar
 
400

 
Bardin Place Center
 
Arlington
 
TX
 
Dallas-Fort Worth-Arlington, TX
 
1993
 
420,550

 
100.0
%
 
4,118

 
9.79

 
WinCo Foods
 
Hemispheres, Hobby Lobby, Ross Dress for Less
 
401

 
Parmer Crossing
 
Austin
 
TX
 
Austin-Round Rock, TX
 
1989
 
168,112

 
77.1
%
 
1,586

 
12.23

 
 
Big Lots, Dollar Tree, Harbor Freight Tools, Mega Furniture
 
Fry's Electronics
402

 
Baytown Shopping Center
Baytown
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
1987
 
95,941

 
81.3
%
 
877

 
11.25

 
 
24 Hour Fitness
 
403

 
Cedar Bellaire
 
Bellaire
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
1994
 
50,967

 
100.0
%
 
850

 
16.68

 
H-E-B
 
 
404

 
El Camino
 
Bellaire
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
2008
 
71,651

 
100.0
%
 
674

 
9.41

 
El Ahorro Supermarket
 
Dollar Tree, Family Dollar
 
405

 
Bryan Square
 
Bryan
 
TX
 
College Station-Bryan, TX
 
2008
 
59,029

 
100.0
%
 
401

 
7.91

 
 
99 Cents Only, Citi Trends, Dollar Floor Store, Firestone
 
406

 
Townshire
 
Bryan
 
TX
 
College Station-Bryan, TX
 
2002
 
136,887

 
91.2
%
 
1,033

 
8.28

 
 
Tops Printing
 
407

 
Plantation Plaza
 
Clute
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
1997
 
99,141

 
46.3
%
 
483

 
10.99

 
 
Dollar Tree, Walgreens
 
408

 
Central Station
 
College Station
 
TX
 
College Station-Bryan, TX
 
1976
 
176,847

 
86.7
%
 
2,642

 
17.69

 
 
Dollar Tree, Spec's Liquors, Wally's Party Factory
 
Kohl's
409

 
Rock Prairie Crossing
 
College Station
 
TX
 
College Station-Bryan, TX
 
2002
 
118,700

 
99.0
%
 
1,369

 
26.61

 
Kroger
 
CVS
 
410

 
Carmel Village
 
Corpus Christi
 
TX
 
Corpus Christi, TX
 
1993
 
84,075

 
82.7
%
 
661

 
9.51

 
 
Bay Area Dialysis, Bealls (Stage Stores), Tuesday Morning
 
411

 
Five Points
 
Corpus Christi
 
TX
 
Corpus Christi, TX
 
1985
 
277,046

 
95.5
%
 
3,402

 
13.07

 
 
Bealls (Stage Stores), Burkes Outlet, Harbor Freight Tools, Hobby Lobby, Party City, Ross Dress for Less
 
412

 
Claremont Village
 
Dallas
 
TX
 
Dallas-Fort Worth-Arlington, TX
1976
 
66,980

 
100.0
%
 
581

 
8.77

 
 
Family Dollar
 
413

 
Jeff Davis
 
Dallas
 
TX
 
Dallas-Fort Worth-Arlington, TX
 
1975
 
68,962

 
48.0
%
 
501

 
15.14

 
 
Family Dollar
 
414

 
Stevens Park Village
 
Dallas
 
TX
 
Dallas-Fort Worth-Arlington, TX
1974
 
45,492

 
100.0
%
 
452

 
9.94

 
 
Big Lots, O'Reilly Auto Parts
 
415

 
Webb Royal Plaza
 
Dallas
 
TX
 
Dallas-Fort Worth-Arlington, TX
1961
 
108,545

 
100.0
%
 
1,137

 
10.94

 
El Rio Grande Latin Market
 
Family Dollar
 
416

 
Wynnewood Village
 
Dallas
 
TX
 
Dallas-Fort Worth-Arlington, TX
2006
 
529,810

 
95.0
%
 
5,418

 
12.73

 
El Rancho, Kroger
 
Fallas Paredes, Gen X Clothing, Ross Dress for Less
 
417

 
Parktown
 
Deer Park
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
1999
 
118,221

 
94.8
%
 
988

 
8.82

 
Food Town
 
Burkes Outlet, Walgreens
 
418

 
Kenworthy Crossing
 
El Paso
 
TX
 
El Paso, TX
2003
 
74,393

 
91.0
%
 
718

 
10.61

 
Albertsons
 
 
419

 
Preston Ridge
 
Frisco
 
TX
 
Dallas-Fort Worth-Arlington, TX
 
2018
 
789,559

 
95.0
%
 
15,348

 
20.60

 
SuperTarget*
 
Best Buy, Big Lots, Boot Barn, DSW, Old Navy, Marshalls, Nordstrom Rack, Ross Dress for Less, Saks OFF Fifth, Stein Mart, T.J.Maxx
 
420

 
Forest Hills Village
 
Ft. Worth
 
TX
 
Dallas-Fort Worth-Arlington, TX
 
1968
 
69,651

 
100.0
%
 
396

 
5.69

 
Foodland Markets
 
Family Dollar, Hi Style Fashion
 
421

 
Ridglea Plaza
 
Ft. Worth
 
TX
 
Dallas-Fort Worth-Arlington, TX
 
1990
 
170,519

 
89.8
%
 
1,769

 
11.56

 
Tom Thumb (Albertsons)
 
Goody Goody Wine & Spirits, Stein Mart
 
422

 
Trinity Commons
 
Ft. Worth
 
TX
 
Dallas-Fort Worth-Arlington, TX
 
1998
 
197,423

 
98.4
%
 
3,860

 
19.87

 
Tom Thumb (Albertsons)
 
DSW
 
423

 
Village Plaza
 
Garland
 
TX
 
Dallas-Fort Worth-Arlington, TX
2002
 
89,241

 
100.0
%
 
1,092

 
12.24

 
Truong Nguyen Grocer
 
 
424

 
North Hills Village
 
Haltom City
 
TX
 
Dallas-Fort Worth-Arlington, TX
1998
 
43,299

 
84.7
%
 
269

 
7.33

 
 
Dollar Tree
 
425

 
Highland Village Town Center
 
Highland Village
 
TX
 
Dallas-Fort Worth-Arlington, TX
 
1996
 
99,341

 
64.7
%
 
665

 
11.03

 
 
Painted Tree Marketplace
 
426

 
Bay Forest
 
Houston
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
2004
 
71,667

 
97.1
%
 
758

 
10.90

 
Kroger
 
 
427

 
Beltway South
 
Houston
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
1998
 
107,174

 
97.0
%
 
980

 
28.95

 
Kroger
 
 
428

 
Braes Heights (2)
 
Houston
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
2018
 
94,266

 
90.2
%
 
2,156

 
25.34

 
 
CVS, Imagination Toys, I W Marks Jewelers
 
429

 
Braes Link
 
Houston
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
1999
 
38,997

 
100.0
%
 
700

 
17.95

 
 
Walgreens
 
430

 
Braes Oaks Center
 
Houston
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
1992
 
45,067

 
88.6
%
 
440

 
11.02

 
 
 
431

 
Braesgate
 
Houston
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
1997
 
91,382

 
97.0
%
 
585

 
6.60

 
Food Town
 
 
432

 
Broadway
 
Houston
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
2006
 
74,717

 
100.0
%
 
782

 
10.88

 
El Ahorro Supermarket
 
Fallas Paredes, Melrose Fashions
 
433

 
Clear Lake Camino South
 
Houston
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
1964
 
105,501

 
92.9
%
 
1,432

 
15.61

 
ALDI
 
24 Hour Fitness, Mr. Gatti's Pizza, Spec's Liquors
 
434

 
Hearthstone Corners
 
Houston
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
1998
 
208,147

 
92.1
%
 
1,802

 
9.40

 
 
Big Lots, Stein Mart
 
435

 
Jester Village
 
Houston
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
1988
 
64,285

 
69.2
%
 
460

 
10.34

 
H-E-B
 
 
436

 
Jones Plaza
 
Houston
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
2000
 
111,206

 
67.5
%
 
774

 
10.31

 
 
Fitness Connection
 
437

 
Jones Square
 
Houston
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
1999
 
169,003

 
100.0
%
 
1,299

 
7.79

 
 
Big Lots, Hobby Lobby
 
438

 
Maplewood
 
Houston
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
2004
 
93,711

 
97.3
%
 
798

 
8.76

 
Foodarama
 
Burke's Outlet
 
439

 
Merchants Park
 
Houston
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
2009
 
243,798

 
99.4
%
 
3,468

 
14.31

 
Kroger
 
Big Lots, Petco, Ross Dress for Less, Tuesday Morning
 
440

 
Northgate
 
Houston
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
1972
 
40,244

 
100.0
%
 
321

 
7.98

 
 
Affordable Furniture, Firestone, Lumber Liquidators, TitleMax
 
441

 
Northshore
 
Houston
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
2001
 
224,038

 
90.4
%
 
2,761

 
13.86

 
Sellers Bros.
 
Conn's, Office Depot
 
442

 
Northtown Plaza
 
Houston
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
1960
 
190,559

 
94.6
%
 
2,100

 
11.81

 
El Rancho
 
99 Cents Only, dd's Discounts (Ross)
 
443

 
Northwood Plaza
 
Houston
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
1972
 
136,747

 
100.0
%
 
1,577

 
11.72

 
Food City
 
 
444

 
Orange Grove
 
Houston
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
2005
 
184,704

 
98.2
%
 
1,840

 
10.59

 
 
24 Hour Fitness, Floor & Décor
 
445

 
Pinemont Shopping Center
 
Houston
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
1999
 
73,577

 
92.9
%
 
911

 
13.64

 
 
Family Dollar, Houston Community College
 
446

 
Royal Oaks Village
 
Houston
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
2001
 
144,929

 
98.2
%
 
3,317

 
23.32

 
H-E-B
 
 
447

 
Tanglewilde Center
 
Houston
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
1998
 
83,725

 
100.0
%
 
1,146

 
13.81

 
ALDI
 
Ace Hardware, Dollar Tree, Party City, Salon In The Park
 
448

 
Westheimer Commons
 
Houston
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
1984
 
241,253

 
86.8
%
 
2,042

 
9.75

 
Fiesta Mart
 
Marshalls
 
449

 
Fry Road Crossing
 
Katy
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
2005
 
240,940

 
100.0
%
 
2,527

 
11.02

 
 
Hobby Lobby, Palais Royal, Stein Mart
 
450

 
Washington Square
 
Kaufman
 
TX
 
Dallas-Fort Worth-Arlington, TX
 
1978
 
64,230

 
85.1
%
 
368

 
6.74

 
 
AutoZone, Bealls (Stage Stores), Dollar Tree
 

Supplemental Disclosure - Three Months Ended March 31, 2018
Page 47
jpgstandardlogoa21.jpg




PROPERTY LIST
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dollars in thousands, except per square foot amounts
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
 
Percent
 
 
 
 
 
 
 
 
 
 
 
 
Property Name
 
City
 
State
 
Metropolitan Statistical Area
 
Built
 
 GLA
 
Leased
 
 ABR
 
 ABR PSF
 
Grocer (1)
 
Other Major Tenants
 
Non-Owned Major Tenants
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
451

 
Jefferson Park
 
Mount Pleasant
 
TX
 
Mount Pleasant, TX
 
2001
 
132,096

 
97.6
%
 
933

 
7.24

 
Super 1 Foods
 
Harbor Freight Tools, PetSense
 
452

 
Winwood Town Center
 
Odessa
 
TX
 
Odessa, TX
 
2002
 
365,534

 
100.0
%
 
3,002

 
13.14

 
H-E-B
 
dd's Discounts (Ross), Michaels, Office Depot, Party City, Ross Dress for Less, Target
 
453

 
Crossroads Centre - Pasadena
 
Pasadena
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
1997
 
146,567

 
94.3
%
 
1,948

 
15.05

 
Kroger
 
LA Fitness
 
454

 
Spencer Square
 
Pasadena
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
1998
 
186,732

 
94.0
%
 
2,134

 
12.52

 
Kroger
 
Burkes Outlet
 
455

 
Pearland Plaza
 
Pearland
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
1995
 
156,491

 
80.1
%
 
1,110

 
8.86

 
Kroger
 
Harbor Freight Tools, Walgreens
 
456

 
Market Plaza
 
Plano
 
TX
 
Dallas-Fort Worth-Arlington, TX
 
2002
 
167,804

 
69.3
%
 
2,714

 
24.51

 
Central Market (H-E-B)
 
 
457

 
Preston Park Village
 
Plano
 
TX
 
Dallas-Fort Worth-Arlington, TX
 
1985
 
270,128

 
89.6
%
 
6,222

 
25.70

 
 
Gap Factory Store, Infinite Bounds Gymnastics
 
458

 
Northshore Plaza
 
Portland
 
TX
 
Corpus Christi, TX
 
2000
 
152,144

 
95.7
%
 
1,040

 
14.64

 
H-E-B
 
Bealls (Stage Stores)
 
459

 
Klein Square
 
Spring
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
1999
 
80,636

 
95.5
%
 
747

 
9.70

 
Food Town
 
Family Dollar, Petco
 
460

 
Keegan's Meadow
 
Stafford
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
1999
 
125,293

 
92.0
%
 
1,230

 
11.01

 
Randalls (Albertsons)
 
Palais Royal
 
461

 
Texas City Bay
 
Texas City
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
2005
 
223,152

 
63.6
%
 
1,428

 
10.12

 
Kroger
 
Planet Fitness
 
462

 
Windvale Center
 
The Woodlands
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
2002
 
101,088

 
95.2
%
 
1,088

 
27.99

 
Randalls (Albertsons)
 
 
463

 
The Centre at Navarro
 
Victoria
 
TX
 
Victoria, TX
 
2005
 
66,102

 
88.8
%
 
640

 
15.78

 
ALDI
 
Planet Fitness, Walgreens
 
464

 
Spradlin Farm
 
Christiansburg
 
VA
 
Blacksburg-Christiansburg-Radford, VA
 
2000
 
181,055

 
100.0
%
 
2,755

 
15.47

 
 
Barnes & Noble, Big Lots, Michaels, Petco, T.J.Maxx
 
Target, The Home Depot
465

 
Culpeper Town Square
 
Culpeper
 
VA
 
Washington-Arlington-Alexandria, DC-VA-MD-WV
 
1999
 
132,882

 
95.2
%
 
1,149

 
9.08

 
Food Lion (Weis Markets)
 
Mountain Run Bowling, Tractor Supply Co.
 
466

 
Hanover Square
 
Mechanicsville
 
VA
 
Richmond, VA
 
1991
 
134,452

 
99.3
%
 
1,898

 
14.22

 
 
Gold's Gym, Hobby Lobby
 
Kohl's
467

 
Tuckernuck Square
 
Richmond
 
VA
 
Richmond, VA
 
1981
 
86,010

 
95.5
%
 
1,287

 
15.67

 
 
2nd & Charles, Chuck E. Cheese's
 
468

 
Cave Spring Corners
 
Roanoke
 
VA
 
Roanoke, VA
 
2005
 
147,133

 
100.0
%
 
1,188

 
13.46

 
Kroger
 
Hamrick's
 
469

 
Hunting Hills
 
Roanoke
 
VA
 
Roanoke, VA
 
1989
 
166,207

 
96.7
%
 
1,407

 
8.76

 
 
Dollar Tree, Kohl's, PetSmart
 
470

 
Valley Commons
 
Salem
 
VA
 
Roanoke, VA
 
1988
 
45,580

 
23.0
%
 
107

 
10.19

 
 
 
AMC Theatres
471

 
Lake Drive Plaza
 
Vinton
 
VA
 
Roanoke, VA
 
2008
 
163,290

 
100.0
%
 
1,335

 
8.19

 
Kroger
 
Big Lots, Dollar Tree
 
472

 
Hilltop Plaza
 
Virginia Beach
 
VA
 
Virginia Beach-Norfolk-Newport News, VA-NC
 
2010
 
150,300

 
90.7
%
 
2,513

 
18.64

 
Trader Joe's
 
Jo-Ann Fabric & Craft Stores, Kirkland’s, PetSmart, Ulta
 
473

 
Ridgeview Centre
 
Wise
 
VA
 
Big Stone Gap, VA
 
1990
 
190,242

 
78.1
%
 
1,133

 
7.63

 
 
Dollar Tree, Grand Home Furnishings, Harbor Freight Tools, Marshalls, Ollie's Bargain Outlet
 
Belk
474

 
Rutland Plaza
 
Rutland
 
VT
 
Rutland, VT
 
1997
 
224,514

 
98.6
%
 
1,973

 
8.92

 
Price Chopper
 
Dollar Tree, Flagship Cinemas, T.J.Maxx, Walmart
 
475

 
Spring Mall
 
Greenfield
 
WI
 
Milwaukee-Waukesha-West Allis, WI
2003
 
182,632

 
86.4
%
 
1,100

 
8.38

 
 
T.J.Maxx
 
476

 
Mequon Pavilions
 
Mequon
 
WI
 
Milwaukee-Waukesha-West Allis, WI
 
1967
 
219,618

 
88.7
%
 
3,134

 
16.08

 
Sendik's Food Market
 
Bed Bath & Beyond, DSW, Marshalls
 
477

 
Moorland Square Shopping Ctr
 
New Berlin
 
WI
 
Milwaukee-Waukesha-West Allis, WI
 
1990
 
98,303

 
100.0
%
 
1,009

 
10.26

 
Pick 'n Save (Kroger)
 
 
478

 
Paradise Pavilion
 
West Bend
 
WI
 
Milwaukee-Waukesha-West Allis, WI
 
2000
 
203,545

 
96.8
%
 
1,434

 
7.28

 
 
Hobby Lobby, Kohl's
 
ShopKo
479

 
Moundsville Plaza
 
Moundsville
 
WV
 
Wheeling, WV-OH
 
2004
 
176,156

 
97.2
%
 
1,253

 
7.32

 
Kroger
 
Big Lots, Dunham's Sports, Peebles
 
480

 
Grand Central Plaza
 
Parkersburg
 
WV
 
Parkersburg-Vienna, WV
 
1986
 
75,344

 
100.0
%
 
866

 
11.49

 
 
Office Depot, O'Reilly Auto Parts, T.J.Maxx
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
TOTAL PORTFOLIO
 
 
 
 
 
 
 
 
 
81,732,582

 
92.1
%
 
$
943,734

 
$
13.61

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) * Indicates grocer is not owned.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(2) Indicates property is currently in redevelopment.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Supplemental Disclosure - Three Months Ended March 31, 2018
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