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Subsequent Events | 12 Months Ended
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Dec. 31, 2019
Subsequent Events [Abstract] |
Subsequent Events |
19. | Subsequent Events
The Company reached agreement in 2019 to sell its 15% stake in the DDRTC Joint Venture to its partner, TIAA-CREF, based on a gross fund value of $1.14 billion, which included $184.9 million of mortgage debt at December 31, 2019. At December 31, 2019, the DDRTC Joint Venture was composed of 21 assets, totaling 7.1 million square feet. The joint venture’s mortgage debt was assumed by TIAA-CREF at closing. The transaction closed in February 2020. In February 2020, the Company announced its intention to redeem all $200 million aggregate principal amount of its outstanding 4.625%, senior unsecured notes due 2022.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 + Details
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