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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2016
Business Combinations [Abstract] |
Schedule of recognized identified assets acquired and liabilities assumed | The following is a summary of the allocation of the fair value of the PPR Queens Portfolio:
Property | $ | 3,711,819 |
Deferred charges | 155,892 |
Cash and cash equivalents | 28,890 |
Restricted cash | 5,113 |
Tenant receivables | 5,438 |
Other assets | 127,244 |
Total assets acquired | 4,034,396 |
Mortgage notes payable | 1,414,659 |
Accounts payable | 5,669 |
Due to affiliates | 2,680 |
Other accrued liabilities | 230,210 |
Total liabilities assumed | 1,653,218 |
Fair value of acquired net assets (at 100% ownership) | $ | 2,381,178 |
The following is a summary of the allocation of the fair value of Cascade Mall:
Property | $ | 28,924 |
Deferred charges | 6,660 |
Other assets | 202 |
Total assets acquired | 35,786 |
Other accrued liabilities | 4,786 |
Total liabilities assumed | 4,786 |
Fair value of acquired net assets (at 100% ownership) | $ | 31,000 |
The following is a summary of the allocation of the fair value of Inland Center:
Property | $ | 91,871 |
Deferred charges | 9,752 |
Other assets | 5,782 |
Total assets acquired | 107,405 |
Mortgage note payable | 50,000 |
Other accrued liabilities | 4,905 |
Total liabilities assumed | 54,905 |
Fair value of acquired net assets (at 100% ownership) | $ | 52,500 |
Schedule of reconciliation of the purchase price to the fair value of the acquired net assets | The following is the reconciliation of the purchase price to the fair value of the acquired net assets:
Purchase price | $ | 15,233 |
Distributions in excess of investment | 15,767 |
Fair value of acquired net assets (at 100% ownership) | $ | 31,000 |
The following is the reconciliation of the purchase price to the fair value of the acquired net assets:
Purchase price | $ | 51,250 |
Less debt assumed | (25,000 | )
Carrying value of investment | 4,161 |
Gain on remeasurement of assets | 22,089 |
Fair value of acquired net assets (at 100% ownership) | $ | 52,500 |
The following is the reconciliation of the purchase price to the fair value of the acquired net assets:
Purchase price | $ | 1,838,886 |
Less debt assumed | (672,109 | )
Distributions in excess of investment | (208,735 | )
Gain on remeasurement of assets | 1,423,136 |
Fair value of acquired net assets (at 100% ownership) | $ | 2,381,178 |
Summary of gain on remeasurement of existing investment | The Company determined that the purchase price represented the fair value of the additional ownership interest in the PPR Queens Portfolio that was acquired.
Fair value of existing ownership interest (at 51% ownership) | $ | 1,214,401 |
Distributions in excess of investment | 208,735 |
Gain on remeasurement of assets | $ | 1,423,136 |
The Company determined that the purchase price represented the fair value of the additional ownership interest in Inland Center that was acquired.
Fair value of existing ownership interest (at 50% ownership) | $ | 26,250 |
Carrying value of investment | (4,161 | )
Gain on remeasurement of assets | $ | 22,089 |

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- Definition Tabular disclosure of a fair value adjustment to an existing investment made in connection with a business acquisition. + References No definition available. + Details
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- Definition Tabular disclosure of reconciliation of the purchase price to the fair value of the acquired net assets in a business combination. + References No definition available. + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=73530397&loc=d3e4845-128472 + Details
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