Properties Held For Sale and Related Transactions (Tables)

12 Months Ended

Dec. 31, 2012

Properties Held For Sale and Related Transactions [Abstract]

Schedule Of The Components Of Income (Loss) From Discontinued Operations


	Years ended December 31,
	2012	2011	2010
Revenues:
Rents	$ 16,535,000	$ 27,432,000	$ 30,734,000
Expense recoveries	4,358,000	6,668,000	7,221,000
Other	119,000	531,000	81,000
Total revenues	21,012,000	34,631,000	38,036,000
Expenses:
Operating, maintenance and management	6,780,000	9,196,000	10,241,000
Real estate and other property-related taxes	3,714,000	5,427,000	5,462,000
Depreciation and amortization	134,000	5,501,000	11,709,000
Interest	6,421,000	9,379,000	8,778,000
Total expenses	17,049,000	29,503,000	36,190,000
Income from discontinued operations before
impairments	3,963,000	5,128,000	1,846,000
Impairment charges, net	(4,000)	(88,458,000)	(39,822,000)
Income (loss) from discontinued operations	$ 3,959,000	$ (83,330,000)	$ (37,976,000)

Gain on sales of discontinued operations	$ 4,679,000	$ 884,000	$ 170,000

Schedule Of Impairment Charges


	Years ended December 31,
	2012	2011	2010
Impairment charges - Ohio property loan and land
parcels (2012), land parcels (2011) and properties
transferred to Cedar/RioCan joint venture (2010) (a)	$ 5,779,000	$ 7,148,000	$ 2,493,000
Loss on exit from unconsolidated joint venture (b)	$ -	$ 7,961,000	$ -
Impairment charges, net - properties held
for sale/conveyance (c)	$ 4,000	$ 88,458,000	$ 39,822,000

(a) Included in operating income in the accompanying statements of operations.
(b) Represents the write-off of an investment in an unconsolidated joint venture, and is included in non-operating income and expense in the accompanying statements of operations.
(c) Included in discontinued operations in the accompanying statements of operations.

Schedule Of Transactions Related To Properties Held For Sale/Conveyance

During 2012, the Company completed the following transactions related to properties “held for sale/conveyance”:


	Percent		Date	Sales	Gain on
Property	Sold	Location	Sold	Price	Sale
Discontinued operations:
Hilliard Discount Drug Mart Plaza	100%	Hilliard, OH	2/7/2012	$ 1,434,000	$ -
First Merit Bank at Akron	100%	Akron, OH	2/23/2012	633,000	-
Grove City Discount Drug Mart Plaza	100%	Grove City, OH	3/12/2012	1,925,000	-
CVS at Naugatuck	50%	Naugatuck, CT	3/20/2012	3,350,000	457,000
CVS at Bradford	100%	Bradford, PA	3/30/2012	967,000	-
CVS at Celina	100%	Celina, OH	3/30/2012	1,449,000	-
CVS at Erie	100%	Erie, PA	3/30/2012	1,278,000	-
CVS at Portage Trail	100%	Akron, OH	3/30/2012	1,061,000	-
Rite Aid at Massillon	100%	Massillon, OH	3/30/2012	1,492,000	-
Kingston Plaza	100%	Kingston, NY	4/12/2012	1,182,000	293,000
Stadium Plaza	100%	East Lansing, MI	5/3/2012	5,400,000	-
Homburg Joint Venture (seven properties)	20%	Various	10/12/2012	23,642,000	3,929,000
The Point at Carlisle	100%	Carlisle, PA	10/15/2012	7,350,000	-
				$ 51,163,000	$ 4,679,000
Continuing operations:
Blue Mountain Commons (land parcel)	100%	Harrisburg. PA	6/19/2012	$ 102,000	$ 79,000
Oregon Pike (land parcel)	100%	Lancaster, PA	6/28/2012	1,100,000	-
Trindle Springs (land parcel)	100%	Mechanicsburg, PA	7/20/2012	800,000	-
Aston (land parcel)	100%	Aston, PA	7/27/2012	1,365,000	402,000
Wyoming (land parcel)	100%	Wyoming, MI	11/16/2012	1,000,000	516,000
				$ 4,367,000	$ 997,000

During 2011, the Company completed the following transactions related to properties “held for sale/conveyance”:



	Percent		Date	Sales	Gain on
Property	Sold	Location	Sold	Price	Sale
Discontinued operations:
Bergstrasse	100%	Ephrata, PA	2/14/2011	$ 1,900,000	$ 33,000
Ohio Properties (two)	100%	OH	3/30/2011	4,032,000	-
Fairfield Plaza	100%	Fairfield. CT	4/15/2011	10,840,000	470,000
CVS at Kingston	100%	Kingston, NY	11/14/2011	5,250,000	185,000
CVS at Kinderhook	100%	Kinderhook, NY	12/8/2011	4,000,000	196,000
Shoppes at Salem Run	100%	Fredericksburg, VA	12/12/2011	1,675,000	-
Virginia Center Commons	100%	Glen Allen, VA	12/21/2011	3,550,000	-
Ohio Properties (nine)	100%	OH	12/28/2011	25,257,000	-
				$ 56,504,000	$ 884,000

- Definition

Tabular disclosure of long lived assets held for sale. Disclosure may include the description of the facts and circumstances leading to the expected disposal, manner and timing of disposal, the carrying value of the assets held for sale, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss).

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- Definition

Tabular disclosure of disposal groups, which may include 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 classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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