XML 32 R26.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Unconsolidated Affiliates, Noncontrolling Interests and Cost Method Investments (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2013
Equity Method Investments and Joint Ventures [Abstract] |
Investments Accounted for using the Equity method of Accounting | At September 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 four 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 and one office building | 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 - unconsolidated affiliates | Condensed combined financial statement information of these unconsolidated affiliates is as follows:
| As of
ASSETS | September 30, 2013 |  | December 31, 2012
Investment in real estate assets | $ | 2,154,361 |  |  | $ | 2,143,187 |
Accumulated depreciation | (538,700 | ) |  | (492,864 | )
| 1,615,661 |  |  | 1,650,323 |
Developments in progress | 90,451 |  |  | 21,809 |
Net investment in real estate assets | 1,706,112 |  |  | 1,672,132 |
Other assets | 174,744 |  |  | 175,540 |
Total assets | $ | 1,880,856 |  |  | $ | 1,847,672 |
LIABILITIES |  |  |
Mortgage and other indebtedness | $ | 1,456,282 |  |  | $ | 1,456,622 |
Other liabilities | 55,404 |  |  | 48,538 |
Total liabilities | 1,511,686 |  |  | 1,505,160 |
OWNERS' EQUITY |  |  |
The Company | 215,556 |  |  | 196,694 |
Other investors | 153,614 |  |  | 145,818 |
Total owners' equity | 369,170 |  |  | 342,512 |
Total liabilities and owners' equity | $ | 1,880,856 |  |  | $ | 1,847,672 |
| Total for the Three Months Ended September 30, |  | Company's Share for the Three Months Ended September 30,
| 2013 |  | 2012 |  | 2013 |  | 2012
Revenues | $ | 59,348 |  |  | $ | 61,821 |  |  | $ | 30,556 |  |  | $ | 32,803 |
Depreciation and amortization | (18,889 | ) |  | (20,423 | ) |  | (9,877 | ) |  | (10,828 | )
Interest expense | (19,150 | ) |  | (21,002 | ) |  | (9,840 | ) |  | (11,022 | )
Other operating expenses | (17,705 | ) |  | (18,742 | ) |  | (8,580 | ) |  | (9,527 | )
Gain on sales of real estate assets | 21 |  |  | 1,271 |  |  | 11 |  |  | 636 |
Net income | $ | 3,625 |  |  | $ | 2,925 |  |  | $ | 2,270 |  |  | $ | 2,062 |
| Total for the Nine Months Ended September 30, |  | Company's Share for the Nine Months Ended September 30,
| 2013 |  | 2012 |  | 2013 |  | 2012
Revenues | $ | 180,091 |  |  | $ | 186,320 |  |  | $ | 93,002 |  |  | $ | 99,190 |
Depreciation and amortization | (57,158 | ) |  | (61,907 | ) |  | (29,748 | ) |  | (32,877 | )
Interest expense | (57,861 | ) |  | (63,199 | ) |  | (29,677 | ) |  | (33,289 | )
Other operating expenses | (53,223 | ) |  | (55,765 | ) |  | (25,970 | ) |  | (28,474 | )
Gain on sales of real estate assets | 21 |  |  | 1,701 |  |  | 11 |  |  | 851 |
Net income | $ | 11,870 |  |  | $ | 7,150 |  |  | $ | 7,618 |  |  | $ | 5,401 |
Redeemable non-controlling preferred joint venture interest | Activity related to the redeemable noncontrolling preferred joint venture interest represented by the PJV units is as follows:
| Nine Months Ended September 30,
| 2013 |  | 2012
Beginning Balance | $ | 423,834 |  |  | $ | 423,834 |
Net income attributable to redeemable noncontrolling preferred joint venture interest | 14,637 |  |  | 15,486 |
Distributions to redeemable noncontrolling preferred joint venture interest | (19,894 | ) |  | (15,486 | )
Reduction to preferred liquidation value of PJV units | (10,000 | ) |  | — |
Redemption of noncontrolling preferred joint venture interest | (408,577 | ) |  | — |
Ending Balance | $ | — |  |  | $ | 423,834 |

X
- Definition Tabular disclosure of equity method investments in earnings of unconsolidated affiliates. + References No definition available. + Details
Name: | cbl_CondensedCombinedFinancialStatementInformationUnconsolidatedAffiliatesTableTextBlock
Namespace Prefix: | cbl_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The tabular disclosure of the effects of any changes in a parent's ownership interest in a subsidiary on the equity attributable to the parent if the ownership interests in a subsidiary changes during the period. The changes represented by this element did not result in the deconsolidation of the subsidiary. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=18733093&loc=SL4573702-111684 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 55 -Paragraph 4M -URI http://asc.fasb.org/extlink&oid=31814832&loc=SL4591554-111686 + Details
Name: | us-gaap_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestEffectsOfChangesNetTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_EquityMethodInvestmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration