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Subsequent Events
6 Months Ended
Jun. 30, 2018
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events
In July 2018, the Company used its credit lines to retire the $190,000 portion, due in July 2018, of its $490,000 unsecured term loan.
In July 2018, the loan secured by Phase II of The Outlet Shoppes at El Paso was extended to December 2018. The loan was scheduled to mature in July 2018.
The Company closed on the sale of Janesville Mall, located in Janesville, WI, in July 2018. The mall sold for a gross sales price of $18,000. Net proceeds were used to reduce outstanding balances on the Company's unsecured lines of credit.
In August 2018, S&P lowered its rating on the Operating Partnership's unsecured long-term indebtedness, which will increase interest rates on our unsecured credit facilities and two unsecured term loans as of September 1, 2018. See Credit Ratings in "Liquidity and Capital Resources" for more information on these rate changes.