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Discontinued Operations and Disposition of Real Estate and Real Estate Investments | 12 Months Ended
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Dec. 31, 2013
Discontinued Operations And Disposal Groups [Abstract] |
Discontinued Operations and Disposition of Real Estate and Real Estate Investments | 13. Discontinued Operations and Disposition of Real Estate and Real Estate Investments Discontinued Operations During the year ended December 31, 2013, the Company sold 39 properties and had two properties held for sale at December 31, 2013, that were classified as discontinued operations for the years ended December 31, 2013, 2012 and 2011. Included in discontinued operations for the three years ended December 31, 2013, are 105 properties (99 previously included in the shopping center segment and six previously included in the other investments segment (none remaining at December 31, 2013 or 2012)). Included in discontinued operations is one property that was deconsolidated for accounting purposes in 2011 (Note 1). The balance sheet related to the assets held for sale and the operating results related to assets sold, designated as held for sale or deconsolidated as of December 31, 2013, are as follows (in thousands):
|  | December 31, 2013 |
Land |  | $ | 3,597 |
Buildings |  |  | 12,590 |
Fixtures and tenant improvements |  |  | 263 |
|  |  | 16,450 |
Less: Accumulated depreciation |  |  | (3,780 | )
Total assets held for sale |  | $ | 12,670 |
|  | For the Year Ended December 31, |
|  | 2013 |  |  | 2012 |  |  | 2011 |
Revenues |  | $ | 22,389 |  |  | $ | 48,184 |  |  | $ | 85,018 |
Operating expenses |  |  | 6,780 |  |  |  | 14,310 |  |  |  | 31,443 |
Impairment charges |  |  | 27,608 |  |  |  | 67,688 |  |  |  | 62,683 |
Interest, net |  |  | 4,957 |  |  |  | 10,124 |  |  |  | 24,379 |
Debt extinguishment costs, net |  |  | — |  |  |  | 45 |  |  |  | 7,191 |
Depreciation and amortization |  |  | 6,053 |  |  |  | 12,622 |  |  |  | 25,074 |
|  |  | 45,398 |  |  |  | 104,789 |  |  |  | 150,770 |
Loss from discontinued operations |  |  | (23,009 | ) |  |  | (56,605 | ) |  |  | (65,752 | )
Gain on deconsolidation of interest |  |  | — |  |  |  | — |  |  |  | 4,716 |
Gain on disposition of real estate, net of tax |  |  | 11,274 |  |  |  | 3,847 |  |  |  | 40,163 |
Loss from discontinued operations |  | $ | (11,735 | ) |  | $ | (52,758 | ) |  | $ | (20,873 | )
Disposition of Real Estate and Real Estate Investments The Company recorded net gains on disposition of real estate and real estate investments as follows (in millions):
|  | For the Year Ended December 31 |
|  | 2013 |  |  | 2012 |  |  | 2011 |
Land sales(A) |  | $ | 0.3 |  |  | $ | 5.6 |  |  | $ | (0.4 | )
Previously deferred gains and other gains and losses on dispositions(B) |  |  | 0.2 |  |  |  | 0.3 |  |  |  | 7.5 |
|  | $ | 0.5 |  |  | $ | 5.9 |  |  | $ | 7.1 |
(A) | These dispositions did not meet the criteria for discontinued operations as the land did not have any significant operations prior to disposition.
(B) | These gains are a result of partial asset sales that did not meet the criteria for discontinued operations and assets that were contributed to joint ventures in prior years.

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- Definition The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, 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 segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2941-110230 Reference 2: 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 3: 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 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1012-107759 Reference 5: 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 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1020-107759 Reference 7: 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 8: 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 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1436-107760 + Details
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