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Investments in Unconsolidated Real Estate Joint Ventures (Tables) | 12 Months Ended
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Dec. 31, 2014
Equity Method Investments and Joint Ventures [Abstract] |
Schedule of Equity Method Investments | At December 31, 2014 and 2013, we were members of the following unconsolidated real estate joint ventures:
As of December 31, 2014
Joint Venture |  | Outlet Center Location |  | Ownership % |  | Square Feet (in 000's) |  | Carrying Value of Investment (in millions) |  | Total Joint Venture Debt (in millions)
Galveston/Houston |  | Texas City, TX |  | 50.0 | % |  | 353 |  |  | $ | 1.3 |  |  | $ | 65.0 |
National Harbor |  | National Harbor, MD |  | 50.0 | % |  | 339 |  |  | 9.5 |  |  | 83.7 |
RioCan Canada |  | Various |  | 50.0 | % |  | 870 |  |  | 132.5 |  |  | 15.7 |
Savannah (1) |  | Savannah, GA |  | 50.0 | % |  | — |  |  | 46.5 |  |  | 25.5 |
Westgate |  | Glendale, AZ |  | 58.0 | % |  | 381 |  |  | 14.3 |  |  | 54.0 |
Wisconsin Dells |  | Wisconsin Dells, WI |  | 50.0 | % |  | 265 |  |  | 2.4 |  |  | 24.3 |
Other |  |  |  |  |  | — |  |  | 1.5 |  |  | — |
|  |  |  |  |  |  |  | $ | 208.0 |  |  | $ | 268.2 |
Charlotte(2) |  | Charlotte, NC |  | 50.0 | % |  | 398 |  |  | $ | (2.2 | ) |  | $ | 90.0 |
|  |  |  |  |  |  |  | $ | (2.2 | ) |  | $ | 90.0 |
(1) | Based on capital contribution and distribution provisions in the joint venture agreement, we expect our economic interest in the venture's cash flow to be greater than the ownership percentage indicated above, which in this case, states our legal interest in this venture. Our economic interest may fluctuate based on a number of factors, including mortgage financing, partnership capital contributions and distributions, and proceeds from gains or losses of asset sales.
(2) | The negative carrying value is due to the distributions of proceeds from a mortgage loan, as well as quarterly distributions of excess cash flow, exceeding the original contributions from the partners.
As of December 31, 2013
Joint Venture |  | Outlet Center Location |  | Ownership % |  | Square Feet (in 000's) |  | Carrying Value of Investment (in millions) |  | Total Joint Venture Debt (in millions)
Charlotte |  | Charlotte, NC |  | 50.0 | % |  | — |  |  | $ | 11.6 |  |  | $ | — |
Galveston/Houston |  | Texas City, TX |  | 50.0 | % |  | 353 |  |  | 7.4 |  |  | 65.0 |
National Harbor |  | National Harbor, MD |  | 50.0 | % |  | 336 |  |  | 16.7 |  |  | 52.4 |
RioCan Canada |  | Various |  | 50.0 | % |  | 433 |  |  | 85.7 |  |  | 17.9 |
Westgate |  | Glendale, AZ |  | 58.0 | % |  | 332 |  |  | 16.1 |  |  | 43.1 |
Wisconsin Dells |  | Wisconsin Dells, WI |  | 50.0 | % |  | 265 |  |  | 2.5 |  |  | 24.3 |
Other |  |  |  |  |  | — |  |  | 0.2 |  |  | — |
|  |  |  |  |  |  |  | $ | 140.2 |  |  | $ | 202.7 |
Schedule of Development, Loan Guarantee, Management, Leasing, and Marketing Fees Paid By Unconsolidated JVs | Fees we received for various services provided to our unconsolidated joint ventures were recognized in management, leasing and other services as follows (in thousands):
|  | Year Ended December 31,
|  | 2014 |  | 2013 |  | 2012
Fees: |  |  |  |  |  |
Development and leasing |  | $ | 725 |  |  | $ | 595 |  |  | $ | 193 |
Loan guarantee |  | 463 |  |  | 161 |  |  | 80 |
Management |  | 1,897 |  |  | 1,831 |  |  | 1,301 |
Marketing |  | 506 |  |  | 493 |  |  | 433 |
Total Fees |  | $ | 3,591 |  |  | $ | 3,080 |  |  | $ | 2,007 |
Summary Financial Information of Unconsolidated JVs Balance Sheet | Condensed combined summary financial information of joint ventures accounted for using the equity method as of December 31, 2014 and 2013 is as follows (in thousands):
Condensed Combined Balance Sheets - Unconsolidated Joint Ventures |  | 2014 |  | 2013
Assets |  |  |  |
Land |  | $ | 102,601 |  |  | $ | 66,020 |
Buildings, improvements and fixtures |  | 542,501 |  |  | 327,972 |
Construction in progress, including land |  | 104,780 |  |  | 86,880 |
|  | 749,882 |  |  | 480,872 |
Accumulated depreciation |  | (48,233 | ) |  | (29,523 | )
Total rental property, net |  | 701,649 |  |  | 451,349 |
Cash and cash equivalents |  | 46,917 |  |  | 22,704 |
Deferred lease costs, net |  | 21,234 |  |  | 19,281 |
Deferred debt origination costs, net |  | 5,995 |  |  | 1,737 |
Prepaids and other assets |  | 12,766 |  |  | 9,107 |
Total assets |  | $ | 788,561 |  |  | $ | 504,178 |
Liabilities and Owners' Equity |  |  |  |
Mortgages payable |  | $ | 358,219 |  |  | $ | 222,058 |
Accounts payable and other liabilities |  | 70,795 |  |  | 8,540 |
Total liabilities |  | 429,014 |  |  | 230,598 |
Owners' equity |  | 359,547 |  |  | 273,580 |
Total liabilities and owners' equity |  | $ | 788,561 |  |  | $ | 504,178 |
Summary Financial Information Of Unconsolidated JVs Statements of Operations |
Condensed Combined Statements of Operations- Unconsolidated Joint Ventures: |  | Year Ended December 31,
|  | 2014 |  | 2013 |  | 2012
Revenues (1) |  | $ | 78,625 |  |  | $ | 85,682 |  |  | $ | 54,936 |
Expenses: |  |  |  |  |  |
Property operating |  | 30,986 |  |  | 31,610 |  |  | 24,678 |
General and administrative |  | 621 |  |  | 977 |  |  | 970 |
Acquisition costs |  | — |  |  | 477 |  |  | 1,437 |
Abandoned development costs |  | 472 |  |  | 153 |  |  | 1,447 |
Impairment charge |  | — |  |  | — |  |  | 420 |
Depreciation and amortization |  | 23,426 |  |  | 26,912 |  |  | 19,914 |
Total expenses |  | 55,505 |  |  | 60,129 |  |  | 48,866 |
Operating income |  | 23,120 |  |  | 25,553 |  |  | 6,070 |
Gain on early extinguishment of debt (2) |  | — |  |  | 13,820 |  |  | — |
Interest expense |  | (5,459 | ) |  | (11,602 | ) |  | (14,760 | )
Net income (loss) |  | $ | 17,661 |  |  | $ | 27,771 |  |  | $ | (8,690 | )
The Company and Operating Partnership's share of: |  |  |  |  |  |
Net income (loss) |  | $ | 9,053 |  |  | $ | 11,040 |  |  | $ | (3,295 | )
Depreciation and asset impairments (real estate related) (2) |  | 12,212 |  |  | 12,419 |  |  | 8,245 |
(1) | Note that revenues for the year ended December 31, 2013 include approximately $9.5 million of other income from the settlement of a lawsuit at Deer Park prior to our acquisition of an additional one-third interest in and the consolidation of the property.
(2) | Represents a gain on early extinguishment of debt that was recorded as part of the refinancing of the debt at Deer Park in August 2013 (See Note 3).

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6382943&loc=d3e33918-111571 + Details
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