XML 72 R51.htm IDEA: XBRL DOCUMENT v3.2.0.727
Mortgage Notes Payable - Footnotes (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Mar. 03, 2015
Feb. 25, 2015
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Feb. 19, 2015
Dec. 31, 2014
Mortgage loans payable on real estate                
Carrying amount of mortgage notes     $ 5,552,551   $ 5,552,551     $ 5,115,482
Related parties     284,641   284,641     289,039
(Gain) loss on extinguishment of debt, net         (636) $ 358    
Mortgage notes payable which could become recourse     13,500   13,500     73,165
Interest expense capitalized     3,837 $ 3,098 6,466 $ 5,583    
Fair value of mortgage notes payable     5,814,998   5,814,998     5,455,453
Fashion Outlets of Chicago                
Mortgage loans payable on real estate                
Carrying amount of mortgage notes     $ 200,000   $ 200,000     $ 119,329
Interest rate basis         LIBOR      
Interest rate spread over basis (as a percent) 1.50%              
Effective interest rate (as a percent)     1.84%   1.84%     2.97%
Related parties     $ 0   $ 0     $ 0
Great Northern Mall                
Mortgage loans payable on real estate                
Carrying amount of mortgage notes     0   0     34,494
Related parties     0   0     0
(Gain) loss on extinguishment of debt, net         (1,609)      
Lakewood Center Mortgage                
Mortgage loans payable on real estate                
Carrying amount of mortgage notes     $ 410,000   $ 410,000     253,708
Effective interest rate (as a percent)     3.46%   3.46%      
Related parties     $ 0   $ 0     0
(Gain) loss on extinguishment of debt, net   $ (2,245)            
The Mall at Northgate                
Mortgage loans payable on real estate                
Carrying amount of mortgage notes     $ 64,000   $ 64,000     $ 64,000
Interest rate basis         LIBOR      
Interest rate spread over basis (as a percent)         2.25%      
Effective interest rate (as a percent)     3.07%   3.07%     3.05%
Related parties     $ 0   $ 0     $ 0
Superstition Springs Center                
Mortgage loans payable on real estate                
Carrying amount of mortgage notes     $ 67,921   $ 67,921     $ 68,079
Interest rate basis         LIBOR      
Interest rate spread over basis (as a percent)         2.30%      
Effective interest rate (as a percent)     2.02%   2.02%     1.98%
Related parties     $ 0   $ 0     $ 0
Vintage Faire Mall                
Mortgage loans payable on real estate                
Carrying amount of mortgage notes     $ 278,726   $ 278,726     0
Effective interest rate (as a percent)     3.55%   3.55%      
Related parties     $ 0   $ 0   $ 280,000 $ 0
Freehold Raceway Mall and Chandler Fashion Center                
Mortgage loans payable on real estate                
Percentage of loan assumed by third party (as a percent)         49.90%      
PPRLP Queens Portfolio | Lakewood Center Mortgage                
Mortgage loans payable on real estate                
Effective interest rate (as a percent)     3.46%   3.46%