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Discontinued Operations (Tables) | 12 Months Ended
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Dec. 31, 2013
Discontinued Operations and Disposal Groups [Abstract] |
Summary of Dispositions | The following is a summary of the Company's dispositions since January 1, 2011:
|  |  |  |  |  |  |  | Sales Price |  | Gain/ (Loss)
Sales Date |  | Property |  | Property Type |  | Location |  | Gross |  | Net |
2013 Activity: |  |  |  |  |  |  |  |  |  |
August 2013 |  | Georgia Square & Georgia Square Plaza, Panama City Mall & The Shoppes at Panama City, RiverGate Mall and Village at RiverGate (1) |  | Mall & Associated Center |  | Athens, GA Panama City, FL Nashville, TN |  | $ | 176,000 |  |  | $ | 171,977 |  |  | $ | (19 | )
March 2013 |  | 1500 Sunday Drive |  | Office Building |  | Raleigh, NC |  | 8,300 |  |  | 7,862 |  |  | (549 | )
March 2013 |  | Peninsula I & II |  | Office Building |  | Newport News, VA |  | 5,250 |  |  | 5,121 |  |  | 598 |
January 2013 |  | Lake Point & SunTrust (2) |  | Office Building |  | Greensboro, NC |  | 30,875 |  |  | 30,490 |  |  | 823 |
December 2008 |  | 706 & 708 Green Valley Road (3) |  | Office Building |  | Greensboro, NC |  |  |  |  |  |  |  | 281 |
|  | Various (4) |  |  |  |  |  |  |  |  |  |  |  | 10 |
|  |  |  |  |  |  |  | $ | 220,425 |  |  | $ | 215,450 |  |  | $ | 1,144 |
2012 Activity: |  |  |  |  |  |  |  |  |  |
December 2012 |  | Willowbrook Plaza (5) |  | Community Center |  | Houston, TX |  | $ | 24,450 |  |  | $ | 24,171 |  |  | $ | — |
October 2012 |  | Towne Mall (6) |  | Mall |  | Franklin, OH |  | 950 |  |  | 892 |  |  | (3 | )
October 2012 |  | Hickory Hollow Mall (7) |  | Mall |  | Antioch, TN |  | 1,000 |  |  | 966 |  |  | (6 | )
July 2012 |  | Massard Crossing |  | Community Center |  | Fort Smith, AR |  | 7,803 |  |  | 7,432 |  |  | 98 |
March 2012 |  | Settlers Ridge - Phase II (8) |  | Community Center |  | Robinson Township, PA |  | 19,144 |  |  | 18,951 |  |  | 883 |
January 2012 |  | Oak Hollow Square (9) |  | Community Center |  | High Point, NC |  | 14,247 |  |  | 13,796 |  |  | (1 | )
|  | Various (4) |  |  |  |  |  |  |  |  |  | (33 | )
|  |  |  |  |  |  |  | $ | 67,594 |  |  | $ | 66,208 |  |  | $ | 938 |
2011 Activity: |  |  |  |  |  |  |  |  |  |
November 2011 |  | Westridge Square (10) |  | Community Center |  | Greensboro, NC |  | $ | 26,125 |  |  | 25,768 |  |  | $ | (160 | )
February 2011 |  | Oak Hollow Mall (11) |  | Mall |  | High Point, NC |  | 9,000 |  |  | 8,847 |  |  | 6 |
December 2010 |  | Settler's Ridge - Phase I |  | Community Center |  | Robinson Township, PA |  |  |  |  |  | 67 |
October 2010 |  | Pemberton Square |  | Mall |  | Vicksburg, MS |  |  |  |  |  | 39 |
|  | Various (4) |  |  |  |  |  |  |  |  |  | 47 |
|  |  |  |  |  |  |  | $ | 35,125 |  |  | $ | 34,615 |  |  | $ | (1 | )
(1) | A loss on impairment of $5,234 was recorded in the third quarter of 2013 to write down the book value of these six Properties sold in a portfolio sale to the net sales price.
(2) | Classified as held for sale as of December 31, 2012.
(3) | Recognition of gain that was deferred in December 2008 upon repayment of the notes receivable for a portion of the sales price.
(4) | Reflects subsequent true-ups for settlement of estimated expenses based on actual amounts for sales that occurred in prior periods.
(5) | A loss on impairment of $17,743 was recorded in the third quarter of 2012 to write down the book value of this Property to its then estimated fair value.
(6) | A loss on impairment of $419 was recorded in the third quarter of 2012 to write down the book value of this Property to expected sales price.
(7) | A loss on impairment of $8,047 was recorded in the third quarter of 2012 to write down the book value of this Property to expected sales price.
(8) | A loss on impairment of $4,457 was recorded in the second quarter of 2011 to write down the book value of this Property to its then estimated fair value.
(9) | A loss on impairment of $255 was recorded in the first quarter of 2012 related to the true-up of certain estimated amounts to actual amounts. Additionally, the Company wrote down the depreciated book value of this Property to the estimated sales price and recorded a loss on impairment of $729 in the fourth quarter of 2011.
(10) | Proceeds from the sale were used to reduce the outstanding borrowings on the unsecured term facility used to acquire the Starmount Properties.
(11) | Net proceeds from the sale were used to retire the outstanding principal balance and accrued interest of $40,281 on the non-recourse loan secured by the Property in accordance with the lender’s agreement to modify the outstanding principal balance and accrued interest to equal the net sales price for the Property and, as a result, the Company recorded a gain on extinguishment of debt of $31,434 in the first quarter of 2011. The Company also recorded a loss on impairment in the first quarter of 2011 of $2,746 to write down the book value of the Property to the net sales price. In the second quarter of 2010, the Company recorded a loss on impairment of $25,435 related to the Property to write down its depreciated book value to its then estimated fair value.

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- Definition Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1510-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=8077374&loc=d3e2443-110228 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1474-107760 + Details
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