Investment In Cedar/RioCan Joint Venture (Tables)

9 Months Ended

Sep. 30, 2012



Balance Sheets	September 30,	December 31,
	2012	2011
Assets:
Real estate, net	$ 519,115,000	$ 532,071,000
Cash and cash equivalents	7,463,000	12,797,000
Restricted cash	3,254,000	3,689,000
Rent and other receivables	2,107,000	2,419,000
Straight-line rents	3,902,000	2,743,000
Deferred charges, net	11,516,000	12,682,000
Other assets	6,268,000	5,549,000
Total assets	$ 553,625,000	$ 571,950,000

Liabilities and partners' capital:
Mortgage loans payable	$ 313,592,000	$ 317,293,000
Due to the Company	623,000	1,203,000
Unamortized intangible lease liabilities	19,637,000	22,182,000
Other liabilities	10,063,000	8,248,000
Total liabilities	343,915,000	348,926,000

Preferred stock	97,000	97,000
Partners' capital	209,613,000	222,927,000
Total liabilities and partners' capital	$ 553,625,000	$ 571,950,000

The Company's share of partners' capital	$ 41,923,000	$ 44,743,000



Statements of Income	Three months ended September 30,		Nine months ended September 30,
	2012	2011	2012	2011
Revenues	$ 15,866,000	$ 15,538,000	$ 47,810,000	$ 46,827,000
Property operating and other expenses	(1,262,000)	(1,361,000)	(4,230,000)	(5,327,000)
Management fees	(541,000)	(501,000)	(1,593,000)	(1,451,000)
Real estate taxes	(1,896,000)	(1,826,000)	(5,758,000)	(5,377,000)
Acquisition transaction costs	(964,000)	(55,000)	(964,000)	(913,000)
General and administrative	(39,000)	(87,000)	(174,000)	(219,000)
Depreciation and amortization	(5,104,000)	(5,339,000)	(15,274,000)	(15,479,000)
Interest and other non-operating expenses, net	(4,006,000)	(4,835,000)	(12,660,000)	(13,914,000)
Net income	$ 2,054,000	$ 1,534,000	$ 7,157,000	$ 4,147,000

The Company's share of net income	$ 411,000	$ 327,000	$ 1,432,000	$ 829,000