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Acquisitions (Tables) | 3 Months Ended
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Mar. 31, 2013
Business Combinations [Abstract] |
Summary of Acquired Shopping Centers | In the three-month period ended March 31, 2013, the Company acquired the following operating shopping centers at an aggregate cash consideration of $80.6 million:
Location |  | Date Acquired |  | Gross Purchase Price (in millions) |  |  | Face Value of Mortgage Debt Assumed (in millions) |
Oakland, CA |  | February 2013 |  | $ | 41.1 |  |  |  | N/A |
Highland Village, TX |  | March 2013 |  |  | 40.3 |  |  |  | N/A |
Schedule of Acquisition Cost of Shopping Centers | The Company accounted for these acquisitions utilizing the purchase method of accounting. The acquisition cost of the operating shopping centers was allocated as follows (in thousands):
|  |  |  |  | Weighted Average Amortization Period (in Years) |
Land |  | $ | 9,907 |  |  |  | N/A |
Buildings |  |  | 60,378 |  |  |  | N/A |
Tenant improvements |  |  | 1,525 |  |  |  | N/A |
In-place leases (including lease origination costs and fair market value of leases)(A) |  |  | 6,915 |  |  |  | 9.5 |
Tenant relations |  |  | 3,480 |  |  |  | 9.3 |
|  |  | 82,205 |  |  |  |  |
Less: Below-market leases |  |  | (840 | ) |  |  | 17.9 |
Net assets acquired |  | $ | 81,365 |  |  |  |  |
(A) | Includes above-market value of leases of $1.9 million.

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141 -Paragraph 51 -Subparagraph a -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141R -Paragraph F4 -Subparagraph e -Appendix F Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7659399&loc=d3e1392-128463 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141R -Paragraph 68 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7659399&loc=d3e1486-128463 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141 -Paragraph 52 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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- Definition Tabular disclosure of all of the fair values of the purchase price and assets and liabilities acquired in a business combination. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7488404&loc=d3e6927-128479 + Details
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