Investments in and Advances to Joint Ventures (Tables) - Unconsolidated Joint Ventures [Member]

6 Months Ended

Jun. 30, 2015

Schedule Of Equity Method Investments [Line Items]

Condensed Combined Financial Information of Company's Unconsolidated Joint Venture Investments

At June 30, 2015 and December 31, 2014, the Company had ownership interests in various unconsolidated joint ventures that had an investment in 184 and 188 shopping center properties, respectively. Condensed combined financial information of the Company’s unconsolidated joint venture investments is as follows (in thousands):

	June 30, 2015			December 31, 2014
Condensed Combined Balance Sheets
Land	$	1,346,862		$	1,439,849
Buildings		3,566,004			3,854,585
Fixtures and tenant improvements		184,661			200,696
		5,097,527			5,495,130
Less: Accumulated depreciation		(770,122	)		(773,256	)
		4,327,405			4,721,874
Land held for development and construction in progress		54,209			55,698
Real estate, net		4,381,614			4,777,572
Cash and restricted cash		80,234			100,812
Receivables, net		48,814			80,508
Other assets		346,595			394,751
	$	4,857,257		$	5,353,643

Mortgage debt	$	3,247,337		$	3,552,764
Notes and accrued interest payable to the Company		3,031			144,831
Other liabilities		205,924			276,998
		3,456,292			3,974,593
Redeemable preferred equity		309,150			305,310
Accumulated equity		1,091,815			1,073,740
	$	4,857,257		$	5,353,643

Company's share of accumulated equity	$	132,034		$	122,937
Redeemable preferred equity		309,150			305,310
Basis differentials		(43,015	)		(12,954	)
Deferred development fees, net of portion related to the Company's interest		(2,438	)		(2,562	)
Amounts payable to the Company		3,487			2,117
Investments in and Advances to Joint Ventures	$	399,218		$	414,848

Condensed Combined Statements of Operations of Unconsolidated Joint Venture Investments

	Three Months						Six Months
	Ended June 30,						Ended June 30,
	2015			2014			2015			2014
Condensed Combined Statements of Operations
Revenues from operations	$	133,066		$	112,141		$	270,666		$	248,641
Expenses from operations:
Operating expenses		48,414			39,195			99,396			87,002
Impairment charges		—			600			448			600
Depreciation and amortization		51,482			34,517			108,219			75,730
Interest expense		33,593			41,787			74,496			91,844
Other (income) expense, net		217			(252	)		584			2,790
		133,706			115,847			283,143			257,966
Loss before tax expense and discontinued operations		(640	)		(3,706	)		(12,477	)		(9,325	)
Income tax expense (primarily Sonae Sierra Brasil), net		—			(2,425	)		—			(6,565	)
Loss from continuing operations		(640	)		(6,131	)		(12,477	)		(15,890	)
Discontinued operations:
Loss from discontinued operations		—			(1,695	)		—			(4,187	)
Gain on disposition of real estate, net of tax		—			2,038			—			23,511
(Loss) income before gain on disposition of real estate, net		(640	)		(5,788	)		(12,477	)		3,434
Loss on disposition of real estate, net		(1,358	)		—			(1,571	)		—
Net (loss) income	$	(1,998	)	$	(5,788	)	$	(14,048	)	$	3,434
Income attributable to non-controlling interests		—			(535	)		—			(2,023	)
Net (loss) income attributable to unconsolidated joint ventures	$	(1,998	)	$	(6,323	)	$	(14,048	)	$	1,411
Company's share of equity in net income of joint ventures^(A)	$	1,317		$	1,436		$	1,070		$	6,167
Basis differential adjustments^(B)		325			(305	)		633			454
Equity in net income of joint ventures^(A)	$	1,642		$	1,131		$	1,703		$	6,621

(A)	The Company did not record income or loss from those investments in which its investment basis was zero. As of March 13, 2015, the Company no longer had an interest in these assets.

(B)

The difference between the Company’s share of net income, as reported above, and the amounts included in the consolidated statements of operations is attributable to the amortization of basis differentials, the recognition of deferred gains and differences in gain (loss) on sale of certain assets recognized due to the basis differentials and other than temporary impairment charges.

Service Fees and Income Earned by Company's Unconsolidated Joint Ventures

Service fees and income earned by the Company through management, financing, leasing and development activities performed related to all of the Company’s unconsolidated joint ventures are as follows (in millions):

	Three Months				Six Months
	Ended June 30,				Ended June 30,
	2015		2014		2015		2014
Management and other fees	$	6.5	$	6.2	$	12.8	$	12.3
Development fees and leasing commissions		1.6		1.5		3.2		3.5
Interest income		6.4		1.7		12.7		3.4