XML 75 R58.htm IDEA: XBRL DOCUMENT v2.4.0.6
Acquisitions: (Details) (USD $)
In Thousands, unless otherwise specified
6 Months Ended 1 Months Ended 6 Months Ended 1 Months Ended 3 Months Ended 6 Months Ended 1 Months Ended 1 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2012
Dec. 31, 2011
Feb. 28, 2011
Desert Sky Mall
squarefoot
Jun. 30, 2011
Desert Sky Mall
Jun. 30, 2011
Superstition Springs Land
Jun. 30, 2011
Superstition Springs Land
Jun. 30, 2011
Superstition Springs Land
Jun. 03, 2011
Superstition Springs Land
Jul. 31, 2011
Fashion Outlets of Niagara
squarefoot
Jun. 30, 2012
Fashion Outlets of Niagara
Jul. 22, 2011
Fashion Outlets of Niagara
Dec. 31, 2011
SDG Acquisition Properties
Apr. 29, 2011
Kohl's store at Capitola Mall
Feb. 29, 2012
500 North Michigan Avenue:
squarefoot
Jun. 30, 2012
500 North Michigan Avenue:
Feb. 28, 2012
500 North Michigan Avenue:
Acquisition                                  
Additional ownership interest (as a percent)       50.00%         50.00%                
Property square footage       893,863           529,059         324,000    
Purchase price on acquisition       $ 27,625                   $ 28,500     $ 70,925
Ownership interest at completion of acquisition (as a percent)       100.00%         100.00%       100.00%        
Purchase price funded by cash payment on acquisition       1,875               78,579          
Purchase price paid through assumption of debt by the Company 56,900     25,750                          
Payment of mortgage note       51,500                          
Increase in purchase price due to contingent consideration, high end of range                       218,667          
Fair value of contingent consideration                     15,417            
Allocation of the fair value                                  
Property       46,603               228,720 371,344       66,033
Restricted cash                       5,367          
Deferred charges, net       5,474               10,383 30,786       7,450
Cash and cash equivalents       6,057                          
Tenant receivables       202                 10,048        
Other assets, net       4,481               3,090 32,826       2,143
Total assets acquired       62,817               247,560 445,004       75,626
Mortgage note payable       51,500               130,006 211,543        
Accounts payable       33               231 10,416        
Other accrued liabilities       3,017               38,037 18,578       4,701
Total liabilities assumed       54,550               168,274 240,537       4,701
Fair value of acquired net assets (at 100% ownership)       8,267               79,286 204,467       70,925
Business combination                                  
Fair value of existing ownership interest (at 50% ownership)       4,134         12,914                
Carrying value of investment in Desert Sky Mall   (1,120,832) (1,098,560) (2,296)                          
Gain on remeasurement       1,838 1,838 1,734 1,734 1,734                  
Incremental revenue generated from acquired property                               3,210  
Incremental loss of acquired property                               $ 197