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Subsequent Events | 6 Months Ended
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Jun. 30, 2017
Subsequent Events [Abstract] |
Subsequent Events | Subsequent Events Financing and Hedging On July 5, the Company repaid a Core mortgage in the amount of $28.6 million. On July 7, the Company executed a ten-year interest rate swap for a notional amount of $25.0 million as a hedge against increases in future interest rates on its previously unhedged variable-rate Core borrowings. Dispositions On July 6, Fund III sold its consolidated New Hyde Park Shopping Center for $22.1 million. As this sale was probable of occurring at June 30, the property was classified as held for sale at that date (Note 2). On July 14, Fund II entered into a purchase and sale agreement for the sale of its City Point Tower I property for $96.0 million. As the carrying amount less estimated costs to sell was $92.0 million at June 30, 2017, the Company anticipates recording an impairment charge of approximately $4.0 million during the third quarter of 2017. Acquisition On July 27, Fund V acquired a retail property for $44.0 million. It is not practicable to disclose the preliminary purchase price allocation or consolidated pro forma financial information for this transaction given the short period of time between the acquisition dates and the filing of this Report. Other In July 2017, the Company received a $2.3 million cash distribution from its Albertson’s investment (Note 4).

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 + Details
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