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Subsequent Events | 6 Months Ended
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Jun. 30, 2021
Subsequent Events [Abstract] |
Subsequent Events | Subsequent Events Agreement and Plan of Merger On July 18, 2021, the Company and KRG Oak, LLC, a Maryland limited liability company and wholly-owned subsidiary of the Company, signed a definitive merger agreement (the "Merger Agreement") with Retail Properties of America, Inc. (“RPAI”), pursuant to which RPAI will merge with and into a wholly-owned subsidiary of the Company in a stock-for-stock exchange (the "Merger"). Under the terms of the Merger Agreement, each outstanding share of RPAI's common stock will be converted into the right to receive 0.623 common shares of the Company plus the right, if any, to receive cash in lieu of fractional Company shares. During the period from the date of the Merger Agreement until the completion of the Merger, the Company is subject to certain restrictions on its ability to engage with third parties regarding alternative acquisition proposals and on the conduct of the Company's business. The Merger is expected to close in the fourth quarter of 2021, subject to the approval of shareholders of both companies and the satisfaction of other customary closing conditions. The Operating Partnership has obtained financing commitments for a $1.1 billion senior unsecured interim loan pursuant to a commitment letter dated July 18, 2021, which the Operating Partnership intends to use to repay RPAI indebtedness that cannot be assumed by the Operating Partnership upon closing of the Merger.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6842918&loc=SL6314017-165662 + Details
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