XML 96 R36.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Notes Receivable (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2012
Components of Notes Receivable | Notes receivable consist of the following (in millions):
|  | December 31, |  |  | Maturity Date |  | Interest Rate
|  | 2012 |  |  | 2011 |  |  |
Loans receivable(A) |  | $ | 60.4 |  |  | $ | 84.5 |  |  | September 2011 to November 2022 |  | 5.7% -14.0%
Other notes |  |  | 3.1 |  |  |  | 3.0 |  |  | November 2014 to September 2017 |  | 8.5% - 12.0%
Tax Increment Financing Bonds (“TIF Bonds”)(B) |  |  | 5.2 |  |  |  | 6.4 |  |  | April 2014 to July 2026 |  | 5.5% - 8.5%
|  | $ | 68.7 |  |  | $ | 93.9 |  |  |  |  |
(A) | Amounts include loans in default and exclude notes receivable and advances from unconsolidated joint ventures at December 31, 2012 and 2011 (Note 2).
(B) | Principal and interest are payable solely from the incremental real estate taxes, if any, generated by the respective shopping center and development project pursuant to the terms of the financing agreement.
Loans Receivable on Real Estate | The following table summarizes the activity in loans receivable on real estate from January 1, 2011, to December 31, 2012 (in thousands):
|  | 2012 |  |  | 2011 |
Balance at January 1 |  | $ | 84,541 |  |  | $ | 103,705 |
Additions: |  |  |  |  |  |  |  |
New mortgage loans |  |  | 10,239 |  |  |  | 10,000 |
Interest |  |  | 876 |  |  |  | 811 |
Accretion of discount |  |  | 826 |  |  |  | 780 |
Deductions: |  |  |  |  |  |  |  |
Payments of principal |  |  | (104 | ) |  |  | (25,755 | )
Loan loss reserve(A) |  |  | (4,300 | ) |  |  | (5,000 | )
Other(B) |  |  | (31,700 | ) |  |  | — |
Balance at December 31 |  | $ | 60,378 |  |  | $ | 84,541 |
(A) | Amount classified in other expense, net in the consolidated statement of operations for both periods presented. In 2011, this reserve was written off upon the sale of the note.
(B) | Loan assumed by the Company’s unconsolidated joint venture BRE DDR Retail Holdings, LLC and reclassified into Investments in and Advances to Joint Ventures in the Company’s consolidated balance sheet at December 31, 2012 upon the Company’s acquisition of the equity interest.
Loan Loss Reserve | The following table summarizes the activity in the loan loss reserve from January 1, 2010, to December 31, 2012 (in thousands):
|  | 2012 |  |  | 2011 |  |  | 2010 |
Balance at January 1 |  | $ | 10,806 |  |  | $ | 10,806 |  |  | $ | 10,806 |
Additions: |  |  |  |  |  |  |  |  |  |  |  |
Loan loss reserve |  |  | 4,300 |  |  |  | 5,000 | (A) |  |  | — |
Deductions: |  |  |  |  |  |  |  |  |  |  |  |
Write downs |  |  | — |  |  |  | (5,000 | )(A) |  |  | — |
Balance at December 31 |  | $ | 15,106 |  |  | $ | 10,806 |  |  | $ | 10,806 |
(A) | In 2011, the Company sold a note receivable with a face value, including accrued interest, of $11.8 million for proceeds of $6.8 million, which resulted in the recognition of a $5.0 million reserve. At December 31, 2010, this note was more than 90 days past due on interest payments. A loan loss reserve had not been previously established based on the estimated value of the underlying real estate collateral.

X
- Definition Schedule of loans receivable on real estate. + References No definition available. + Details
Name: | ddr_ScheduleOfLoansReceivableOnRealEstateTableTextBlock
Namespace Prefix: | ddr_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of loans reserve on real estate. + References No definition available. + Details
Name: | ddr_ScheduleOfLoansReserveOnRealEstateTableTextBlock
Namespace Prefix: | ddr_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 3, 4 -Article 5 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration