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Organization, Formation, and Basis of Presentation | 12 Months Ended
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Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Organization, Formation, and Basis of Presentation | ORGANIZATION, FORMATION, AND BASIS OF PRESENTATION Organization Saul Centers, Inc. (“Saul Centers”) was incorporated under the Maryland General Corporation Law on June 10, 1993. Saul Centers operates as a real estate investment trust (a “REIT”) under the Internal Revenue Code of 1986, as amended (the “Code”). The Company is required to annually distribute at least 90% of its REIT taxable income (excluding net capital gains) to its stockholders and meet certain organizational and other requirements. Saul Centers has made and intends to continue to make regular quarterly distributions to its stockholders. Saul Centers, together with its wholly owned subsidiaries and the limited partnerships of which Saul Centers or one of its subsidiaries is the sole general partner, are referred to collectively as the “Company.” B. Francis Saul II serves as Chairman of the Board of Directors and Chief Executive Officer of Saul Centers. Formation and Structure of Company Saul Centers was formed to continue and expand the shopping center business previously owned and conducted by the B. F. Saul Real Estate Investment Trust, the B. F. Saul Company and certain other affiliated entities, each of which is controlled by B. Francis Saul II and his family members (collectively, the “Saul Organization”). On August 26, 1993, members of the Saul Organization transferred to Saul Holdings Limited Partnership, a newly formed Maryland limited partnership (the “Operating Partnership”), and two newly formed subsidiary limited partnerships (the “Subsidiary Partnerships,” and collectively with the Operating Partnership, the “Partnerships”), shopping center and mixed-used properties, and the management functions related to the transferred properties. Since its formation, the Company has developed and purchased additional properties. The following table lists the significant properties acquired, developed and/or disposed of by the Company since January 1, 2012.
Name of Property | Location |  | Type |  | Year of Acquisition/ Development/ Disposal
Acquisitions |  |  |  |  |
1500 Rockville Pike | Rockville, Maryland |  | Shopping Center |  | December 2012
5541 Nicholson Lane | Rockville, Maryland |  | Shopping Center |  | December 2012
1580 Rockville Pike | Rockville, Maryland |  | Shopping Center |  | January 2014
1582 Rockville Pike | Rockville, Maryland |  | Shopping Center |  | April 2014
750 N. Glebe Road | Arlington, Virginia |  | Shopping Center |  | August 2014
730 N. Glebe Road | Arlington, Virginia |  | Shopping Center |  | December 2014
1584 Rockville Pike | Rockville, Maryland |  | Shopping Center |  | December 2014
Developments |  |  |  |  |
Park Van Ness | Washington, DC |  | Mixed-Use |  | 2013/2014
Dispositions |  |  |  |  |
West Park | Oklahoma City, Oklahoma |  | Shopping Center |  | July 2012
Belvedere | Baltimore, Maryland |  | Shopping Center |  | December 2012
Giant Center | Milford Mill, Maryland |  | Shopping Center |  | April 2014
As of December 31, 2014, the Company’s properties (the “Current Portfolio Properties”) consisted of 50 shopping center properties (the “Shopping Centers”), six mixed-use properties which are comprised of office, retail and multi-family residential uses (the “Mixed-Use Properties”) and three (non-operating) development properties. Basis of Presentation The accompanying financial statements are presented on the historical cost basis of the Saul Organization because of affiliated ownership and common management and because the assets and liabilities were the subject of a business combination with the Operating Partnership, the Subsidiary Partnerships and Saul Centers, all newly formed entities with no prior operations.

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