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Subsequent Events:
6 Months Ended
Jun. 30, 2013
Subsequent Events:  
Subsequent Events:

20. Subsequent Events:

        On August 1, 2013, the Company's joint venture in Pacific Premier Retail LP sold Redmond Town Center, a 695,000 square foot community center in Redmond, Washington, for $127,000, resulting in a gain on the sale of assets of approximately $39,400. The Company used its share of the proceeds from the sale to pay down its line of credit.

        On August 5, 2013, the Company's joint venture in Tysons Corner Center received a commitment to refinance the mortgage note payable on the property. The new $850,000 mortgage note payable is expected to bear interest at 4.10% and mature in January 2024. As a result of this transaction, the joint venture expects to receive approximately $550,000 in loan proceeds in excess of the current mortgage note payable on the property. The Company plans to use its share of the excess proceeds of $275,000 to pay down its line of credit.

        On August 6, 2013, the Company's line of credit was amended and extended. The amended facility provides for an interest rate of LIBOR plus a spread of 1.375% to 2.0%, depending on the Company's overall leverage levels and matures on August 6, 2018. The interest rate, as of the amendment date, was LIBOR plus 1.50%. In addition, the line of credit can be expanded, depending on certain conditions, up to a total amount of $2,000,000 (without giving effect to the outstanding $125,000 unsecured term loan (See Note 10—Bank and Other Notes Payable)).

        On August 7, 2013, the Company announced a dividend/distribution of $0.58 per share for common stockholders and OP Unit holders of record on August 20, 2013. All dividends/distributions will be paid 100% in cash on September 6, 2013.