XML 109 R69.htm IDEA: XBRL DOCUMENT v2.4.0.6
Mortgage Notes Payable: (Details) (USD $)
In Thousands, unless otherwise specified
12 Months Ended 12 Months Ended 1 Months Ended 1 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2010
Capitola Mall
Dec. 31, 2011
Chandler Fashion Center
Dec. 31, 2010
Chandler Fashion Center
Nov. 30, 2011
Chesterfield Towne Center
Feb. 28, 2011
Chesterfield Towne Center
Dec. 31, 2010
Chesterfield Towne Center
Feb. 28, 2011
Danbury Fair Mall
Dec. 31, 2011
Danbury Fair Mall
Dec. 31, 2010
Danbury Fair Mall
Dec. 31, 2011
Deptford Mall One
Dec. 31, 2010
Deptford Mall One
Dec. 31, 2011
Deptford Mall Two
Dec. 31, 2010
Deptford Mall Two
Dec. 31, 2011
Eastland Mall
Dec. 31, 2011
Fashion Outlets at Niagara
Dec. 31, 2011
Fiesta Mall
Dec. 31, 2010
Fiesta Mall
Dec. 31, 2011
Flagstaff Mall
Dec. 31, 2010
Flagstaff Mall
Dec. 31, 2011
Freehold Raceway Mall
Dec. 31, 2010
Freehold Raceway Mall
Dec. 31, 2011
Fresno Fashion Fair
Dec. 31, 2010
Fresno Fashion Fair
Dec. 31, 2011
Fashion Outlets of Chicago
Dec. 31, 2011
Great Northern Mall
Dec. 31, 2010
Great Northern Mall
Dec. 31, 2010
Hilton Village
Dec. 31, 2010
La Cumbre Plaza
Dec. 31, 2011
The Mall at Northgate
Y
Dec. 31, 2010
The Mall at Northgate
Dec. 31, 2011
The Oaks One
Y
Dec. 31, 2010
The Oaks One
Dec. 31, 2010
The Oaks Two
Dec. 31, 2010
Pacific View
Dec. 31, 2011
Paradise Valley Mall
Y
Dec. 31, 2010
Paradise Valley Mall
Dec. 31, 2011
Prescott Gateway
Dec. 31, 2010
Prescott Gateway
Dec. 31, 2011
Promenade at Casa Grande
Dec. 31, 2010
Promenade at Casa Grande
Dec. 31, 2010
Rimrock Mall
Dec. 31, 2011
Salisbury Center
Dec. 31, 2010
Salisbury Center
Dec. 31, 2011
SanTan Village Regional Center.
Y
Dec. 31, 2010
SanTan Village Regional Center.
Dec. 31, 2011
SanTan Village Regional Center.
Low end of range
Dec. 31, 2010
Shoppingtown Mall
Dec. 31, 2011
South Plains Mall
Dec. 31, 2010
South Plains Mall
Dec. 31, 2011
South Towne center
Dec. 31, 2010
South Towne center
Dec. 31, 2011
Towne Mall
Dec. 31, 2010
Towne Mall
Dec. 31, 2011
Tucson La Encantada
Dec. 31, 2010
Tucson La Encantada
Dec. 31, 2011
Twenty Ninth Street
Sep. 30, 2011
Twenty Ninth Street
Dec. 31, 2010
Twenty Ninth Street
Dec. 31, 2011
Valley Mall
Dec. 31, 2011
Valley River Center
Dec. 31, 2010
Valley River Center
Dec. 31, 2011
Valley View Center
M
Dec. 31, 2010
Valley View Center
Dec. 31, 2011
Mall of Victor Valley
Y
Dec. 31, 2010
Mall of Victor Valley
Dec. 31, 2011
Vintage Faire Mall
Dec. 31, 2010
Vintage Faire Mall
Dec. 31, 2011
Westside Pavilion
Y
Dec. 31, 2010
Westside Pavilion
Dec. 31, 2011
Wilton Mall
Dec. 31, 2010
Wilton Mall
Mortgage loans payable on real estate                                                                                                                                                    
Carrying Amount of Mortgage Notes, Related Party $ 279,430 $ 302,344   $ 33,459             $ 122,382 $ 109,657                         $ 81,733 $ 82,791                                                             $ 75,315 $ 76,437                                
Carrying Amount of Mortgage Notes, Other 3,049,008 2,957,131     155,489 159,360     50,462   122,381 109,657 172,500 172,500 15,030 15,248 168,000 129,025 84,000 84,000 37,000 37,000 232,900 232,900 81,734 82,792   37,256 38,077 8,581 23,113 38,115 38,115 257,264     84,096 84,000 85,000 60,000 60,000 76,598 79,104 40,650 115,000 115,000 138,087 138,087   39,675 102,760 104,132 86,525 87,726 12,801 13,348     107,000   106,244 43,543 120,000 120,000 125,000 125,000 97,000 100,000 135,000 135,000 175,000 175,000 40,000 40,000
Interest rate (as a percent)         5.50%           5.53%   5.41%   6.46%   5.79% 4.89% 4.98%   5.03%   4.20%   6.76%     5.19%     2.44% 7.00% 7.00% 2.26% 2.50% 2.83%   6.30% 6.30% 5.86%   5.21% 5.21%   5.83%   2.69% 2.94%     6.55%   6.39%   4.99%   5.84%   3.12% 3.08%   5.85% 5.59%   5.72%   2.13% 6.94% 3.56% 8.37% 2.53% 7.81% 1.28% 1.26%
Monthly Debt Service         1,043           1,538   778   101   811 727 341   153   805   1,104     234       191   433       406   289   287     555   273       648   554   100   448   259     280 558   596   151   368   331   32  
Debt discounts                         (25) (30)                           (55) (82) (19)                                                               (365)                        
Debt premiums                                                     8,198                                             482         88 183                                    
Debt premiums (discounts), net (7,841) 534                                                                                                                                                
Interest in the loan assumed by a third party (as a percent)         49.90%                                   49.90%                                                                                                      
Loss on early extinguishment of debt 10,588 (3,661) (29,161)         9,133                                                                                                                                    
Prepayment penalty               9,000                                                                                                                                    
Loss from unamortized financing costs 1,588 (3,661) (29,161)         133                                                                                                                                    
Fair value of loan assumed on acquisition                                 168,000 130,005                                                                             75,135         43,543                        
Interest rate basis                                                               LIBOR   LIBOR       LIBOR       LIBOR         LIBOR                       LIBOR               LIBOR   LIBOR   LIBOR   LIBOR  
Interest rate spread over basis (as a percent)                                                               4.50%   1.75%       4.00%       4.00%             2.10%                   2.63%               1.60%   3.00%   2.00%   0.675%  
Interest rate on debt (as a percent)                                                                                                                 4.22%                                  
Interest rate cap, effective limit on LIBOR (as a percent)                                                                                                                                             5.50%      
Debt interest rate floor (as a percent)                                                               6.00%           5.50%                                                                        
Number of one year extension options                                                                           2                                                                        
Period of extension options (in years)                                                               1   1       1                 1                                       1       1      
Mortgage notes payable, available additional borrowings             10,000     20,000                                           20,000                                                                                    
Interest rate basis floor (as a percent)                                                                                   0.50%                                                                
Mortgage notes payable 3,328,438 3,259,475                                                                                                                                                
Period within which disposition of the property is anticipated (in months)                                                                                                                                 12                  
Deposit maintained with the lender                                                                                                                                                 40,000  
Interest expense capitalized 11,905 25,664 21,294                                                                                                                                              
Fair value of mortgage notes payable $ 3,477,483 $ 3,438,674