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Acquisitions: (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2013
Acquisition |
Schedule of pro forma total revenue and income from continuing operations |
|  | Total revenue |  | Income from continuing operations |
--- | --- | --- | --- | --- | ---
Supplemental pro forma information for the period ended March 31, 2013(1) |  | $ | 267,106 |  | $ | 22,787 |
Supplemental pro forma information for the period ended March 31, 2012(1) |  | $ | 263,038 |  | $ | 47,174 |
(1) This unaudited pro forma supplemental information does not purport to be indicative of what the Company's operating results would have been had the acquisitions occurred on January 1, 2012, and may not be indicative of future operating results. The Company has excluded remeasurement gains and acquisition costs from these pro forma results as they are considered significant nonrecurring adjustments directly attributable to the acquisitions.
500 North Michigan Avenue: |
Acquisition |
Summary of the allocation of fair value |
Property |  | $ | 66,033 |
Deferred charges |  |  | 7,450 |
Other assets |  |  | 2,143 |
Total assets acquired |  |  | 75,626 |
Other accrued liabilities |  |  | 4,701 |
Total liabilities assumed |  |  | 4,701 |
Fair value of acquired net assets |  | $ | 70,925 |
FlatIron Crossing |
Acquisition |
Summary of the allocation of fair value |
Property |  | $ | 443,391 |
Deferred charges |  |  | 25,251 |
Cash and cash equivalents |  |  | 3,856 |
Other assets |  |  | 2,101 |
Total assets acquired |  |  | 474,599 |
Mortgage note payable |  |  | 175,720 |
Accounts payable |  |  | 366 |
Other accrued liabilities |  |  | 11,071 |
Total liabilities assumed |  |  | 187,157 |
Fair value of acquired net assets (at 100% ownership) |  | $ | 287,442 |
Summary of gain on remeasurement of existing investment |
Fair value of existing ownership interest (at 25% ownership) |  | $ | 91,542 |
Carrying value of investment |  |  | (33,382 | )
Prior gain deferral recognized |  |  | 26,067 |
Gain on remeasurement |  | $ | 84,227 |
Schedule of reconciliation of the purchase price to the fair value of the acquired net assets |
Purchase price |  | $ | 310,397 |
Less debt assumed |  |  | (114,497 | )
Carrying value of investment |  |  | 33,382 |
Remeasurement gain |  |  | 84,227 |
Less prior gain deferral |  |  | (26,067 | )
Fair value of acquired net assets (at 100% ownership) |  | $ | 287,442 |
Arrowhead Towne Center |
Acquisition |
Summary of the allocation of fair value |
Property |  | $ | 423,349 |
Deferred charges |  |  | 31,500 |
Restricted cash |  |  | 4,009 |
Tenant receivables |  |  | 926 |
Other assets |  |  | 4,234 |
Total assets acquired |  |  | 464,018 |
Mortgage note payable |  |  | 244,403 |
Accounts payable |  |  | 815 |
Other accrued liabilities |  |  | 10,449 |
Total liabilities assumed |  |  | 255,667 |
Fair value of acquired net assets (at 100% ownership) |  | $ | 208,351 |
Summary of gain on remeasurement of existing investment |
Fair value of existing ownership interest (at 66.7% ownership) |  | $ | 139,326 |
Carrying value of investment |  |  | (23,597 | )
Gain on remeasurement |  | $ | 115,729 |
Schedule of reconciliation of the purchase price to the fair value of the acquired net assets |
Purchase price |  | $ | 144,400 |
Less debt assumed |  |  | (75,375 | )
Carrying value of investment |  |  | 23,597 |
Remeasurement gain |  |  | 115,729 |
Fair value of acquired net assets (at 100% ownership) |  | $ | 208,351 |
Kings Plaza |
Acquisition |
Summary of the allocation of fair value |
Property |  | $ | 714,589 |
Deferred charges |  |  | 37,371 |
Other assets |  |  | 29,282 |
Total assets acquired |  |  | 781,242 |
Other accrued liabilities |  |  | 25,242 |
Total liabilities assumed |  |  | 25,242 |
Fair value of acquired net assets |  | $ | 756,000 |
Green Acres Mall |
Acquisition |
Summary of the allocation of fair value |
Property |  | $ | 477,673 |
Deferred charges |  |  | 45,130 |
Other assets |  |  | 19,125 |
Total assets acquired |  |  | 541,928 |
Other accrued liabilities |  |  | 41,928 |
Total liabilities assumed |  |  | 41,928 |
Fair value of acquired net assets |  | $ | 500,000 |

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