Unconsolidated Affiliates, Noncontrolling Interests and Cost Method Investments (Tables)

3 Months Ended

6 Months Ended

Mar. 31, 2013

Jun. 30, 2013

At June 30, 2013, the Company had investments in the following 17 entities, which are accounted for using the equity method of accounting:



Joint Venture	Property Name	Company's Interest
CBL/T-C, LLC	CoolSprings Galleria, Oak Park Mall, West County Center and Pearland Town Center	60.3%
CBL-TRS Joint Venture, LLC	Friendly Center, The Shops at Friendly Center and a portfolio of six office buildings	50.0%
CBL-TRS Joint Venture II, LLC	Renaissance Center	50.0%
El Paso Outlet Outparcels, LLC	The Outlet Shoppes at El Paso (vacant land)	50.0%
Fremaux Town Center JV, LLC	Fremaux Town Center	65.0%
Governor’s Square IB	Governor’s Plaza	50.0%
Governor’s Square Company	Governor’s Square	47.5%
High Pointe Commons, LP	High Pointe Commons	50.0%
High Pointe Commons II-HAP, LP	High Pointe Commons - Christmas Tree Shop	50.0%
JG Gulf Coast Town Center LLC	Gulf Coast Town Center	50.0%
Kentucky Oaks Mall Company	Kentucky Oaks Mall	50.0%
Mall of South Carolina L.P.	Coastal Grand—Myrtle Beach	50.0%
Mall of South Carolina Outparcel L.P.	Coastal Grand—Myrtle Beach (Coastal Grand Crossing and vacant land)	50.0%
Port Orange I, LLC	The Pavilion at Port Orange Phase I	50.0%
Triangle Town Member LLC	Triangle Town Center, Triangle Town Commons and Triangle Town Place	50.0%
West Melbourne I, LLC	Hammock Landing Phases I and II	50.0%
York Town Center, LP	York Town Center	50.0%

Condensed combined financial statement information of these unconsolidated affiliates is as follows:



	As of
ASSETS	June 30, 2013			December 31, 2012
Investment in real estate assets	$	2,147,166		$	2,143,187
Accumulated depreciation	(522,680		)	(492,864		)
	1,624,486			1,650,323
Developments in progress	74,038			21,809
Net investment in real estate assets	1,698,524			1,672,132
Other assets	170,975			175,540
Total assets	$	1,869,499		$	1,847,672

LIABILITIES
Mortgage and other indebtedness	$	1,454,758		$	1,456,622
Other liabilities	41,279			48,538
Total liabilities	1,496,037			1,505,160

OWNERS' EQUITY
The Company	218,639			196,694
Other investors	154,823			145,818
Total owners' equity	373,462			342,512
Total liabilities and owners' equity	$	1,869,499		$	1,847,672



	Total for the Three Months Ended June 30,						Company's Share for the Three Months Ended June 30,
	2013			2012			2013			2012
Revenues	$	60,024		$	62,205		$	30,776		$	32,976
Depreciation and amortization	(19,122		)	(20,718		)	(9,923		)	(11,008		)
Interest expense	(19,043		)	(21,086		)	(9,764		)	(11,093		)
Other operating expenses	(17,105		)	(18,076		)	(8,360		)	(9,022		)
Gain on sale of real estate assets	—			430			—			220
Net income	$	4,754		$	2,755		$	2,729		$	2,073



	Total for the Six Months Ended June 30,						Company's Share for the Six Months Ended June 30,
	2013			2012			2013			2012
Revenues	$	120,743		$	124,499		$	62,446		$	66,387
Depreciation and amortization	(38,270		)	(41,484		)	(19,871		)	(22,119		)
Interest expense	(38,711		)	(42,197		)	(19,836		)	(22,296		)
Other operating expenses	(35,518		)	(37,023		)	(17,391		)	(18,853		)
Gain on sale of real estate assets	—			430			—			220
Net income	$	8,244		$	4,225		$	5,348		$	3,339

Activity related to the redeemable noncontrolling preferred joint venture interest represented by the PJV units is as follows:



	Six Months Ended June 30,
	2013			2012
Beginning Balance	$	423,834		$	423,834
Net income attributable to redeemable noncontrolling preferred joint venture interest	10,228			10,286
Distributions to redeemable noncontrolling preferred joint venture interest	(10,285		)	(10,343		)
Ending Balance	$	423,777		$	423,777