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Unconsolidated Affiliates, Redeemable Interests, Noncontrolling Interests and Cost Method Investments (Tables)
 9 Months Ended
Sep. 30, 2014
Equity Method Investments and Joint Ventures [Abstract]  
Investments accounted for using the equity method of accounting
At September 30, 2014, 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 and West County Center
50.0%
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 Phases I and II
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,
2014
 
December 31,
2013
Investment in real estate assets
$
2,243,113

 
$
2,167,227

Accumulated depreciation
(603,622
)
 
(555,174
)
 
1,639,491

 
1,612,053

Developments in progress
57,875

 
103,161

Net investment in real estate assets
1,697,366

 
1,715,214

Other assets
183,920

 
168,799

    Total assets
$
1,881,286

 
$
1,884,013

 
 
 
 
LIABILITIES
 
 
 
Mortgage and other indebtedness
$
1,505,907

 
$
1,468,422

Other liabilities
47,765

 
48,203

    Total liabilities
1,553,672

 
1,516,625

 
 
 
 
OWNERS' EQUITY
 
 
 
The Company
187,714

 
213,664

Other investors
139,900

 
153,724

Total owners' equity
327,614

 
367,388

    Total liabilities and owners' equity
$
1,881,286

 
$
1,884,013

 
Total for the Three Months
Ended September 30,
 
Company's Share for the
Three Months Ended September 30,
 
2014
 
2013
 
2014
 
2013
Total revenues
$
61,781

 
$
59,348

 
$
32,371

 
$
30,556

Depreciation and amortization
(19,776
)
 
(18,889
)
 
(10,537
)
 
(9,877
)
Interest income
336

 
340

 
257

 
242

Interest expense
(18,861
)
 
(19,150
)
 
(9,719
)
 
(9,840
)
Operating expenses
(17,788
)
 
(18,045
)
 
(9,134
)
 
(8,822
)
Gain on sales of real estate assets
1,119

 
21

 
698

 
11

Net income
$
6,811

 
$
3,625

 
$
3,936

 
$
2,270

 
Total for the Nine Months
Ended September 30,
 
Company's Share for the
Nine Months Ended September 30,
 
2014
 
2013
 
2014
 
2013
Total revenues
$
185,002

 
$
180,091

 
$
96,389

 
$
93,002

Depreciation and amortization
(57,793
)
 
(57,158
)
 
(30,654
)
 
(29,748
)
Interest income
1,015

 
1,017

 
775

 
713

Interest expense
(56,165
)
 
(57,861
)
 
(28,872
)
 
(29,677
)
Operating expenses
(53,457
)
 
(54,240
)
 
(27,298
)
 
(26,683
)
Gain on sales of real estate assets
1,119

 
21

 
698

 
11

Net income
$
19,721

 
$
11,870

 
$
11,038

 
$
7,618
Loan activity, unconsolidated affiliates
The following table presents the loan activity of the Company's unconsolidated affiliates since January 1, 2014:
Date
 
Property
 
Stated
Interest
Rate
 
Maturity Date (1)
 
Amount Financed
or Extended
August
 
Fremaux Town Center - Phase I (2)
 
LIBOR + 2.0%
 
August 2016
(3) 
$
47,291

August
 
Fremaux Town Center - Phase II (4)
 
LIBOR + 2.0%
 
August 2016
(3) 
32,100

July
 
Coastal Grand-Myrtle Beach (5)
 
4.09%
 
August 2024
 
126,000

February
 
Fremaux Town Center - Phase I (6)
 
LIBOR + 2.125%
 
March 2016
 
47,291

(1)    Excludes any extension options.
(2)
Fremaux Town Center JV, LLC ("Fremaux") amended and modified its Phase I construction loan to change the maturity date and interest rate. Additionally, the Company's guarantee of the loan was reduced from 100% to 50% of the outstanding principal loan amount. See Note 12 for further information on future guarantee reductions.
(3)
The construction loan has two one-year extension options, which are at the joint venture's election, for an outside maturity date of August 2018.
(4)
The Company has guaranteed 100% of the construction loan. See Note 12 for further information on future guarantee reductions.
(5)
Two subsidiaries of Mall of South Carolina L.P. and Mall of South Carolina Outparcel L.P., closed on a non-recourse loan, secured by Coastal Grand-Myrtle Beach in Myrtle Beach, SC. Net proceeds were used to retire the outstanding borrowings under the previous loan, which had a balance of $75,238 as well as to pay off $18,000 of subordinated notes to the Company and its joint venture partner, each of which held $9,000. See Note 8 for additional information. Excess proceeds were distributed 50/50 to the Company and its partner.
(6)
Fremaux amended and restated its March 2013 loan agreement to increase the capacity on its construction loan from $46,000 to $47,291 for additional development costs related to Fremaux Town Center. The Company had guaranteed 100% of the loan. The construction loan had two one-year extension options, which were at the joint venture's election, for an outside maturity date of March 2018. See Note 2 and Note 3 above for information on the extension and modification of the Phase I loan in August 2014.
Redeemable non-controlling preferred joint venture interest
The 2013 activity related to the redeemable noncontrolling preferred joint venture interest represented by the PJV units that the Company redeemed in September 2013 is as follows:
 
 
Nine Months Ended
September 30, 2013
Beginning Balance
 
$
423,834

Net income attributable to redeemable noncontrolling preferred joint venture interest
 
14,637

Distributions to redeemable noncontrolling preferred joint venture interest
 
(19,894
)
Reduction to preferred liquidation value of PJV units
 
(10,000
)
Redemption of noncontrolling preferred joint venture interest
 
(408,577
)
Ending Balance
 
$
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