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Investment In Cedar/RioCan Joint Venture (Tables)
12 Months Ended
Dec. 31, 2012
Investment In Cedar/RioCan Joint Venture [Abstract]  
Summarized Financial Information Related To Cedar/RioCan Joint Venture Investment, Balance Sheets

 

 

 

 

 

 

Balance Sheet

 

December 31,

 

 

2011

Assets:

 

 

Real estate, net

 

$    532,071,000

Cash and cash equivalents

 

12,797,000 

Restricted cash

 

3,689,000 

Rent and other receivables

 

2,419,000 

Straight-line rents

 

2,743,000 

Deferred charges, net

 

12,682,000 

Other assets

 

5,549,000 

Total assets

 

$    571,950,000

 

 

 

Liabilities and partners' capital:

 

 

Mortgage loans payable

 

$    317,293,000

Due to the Company

 

1,203,000 

Unamortized intangible lease liabilities

 

22,182,000 

Other liabilities

 

8,248,000 

Total liabilities

 

348,926,000 

 

 

 

Preferred stock

 

97,000 

Partners' capital

 

222,927,000 

Total liabilities and partners' capital

 

$    571,950,000

 

 

 

The Company's share of partners' capital

 

$      44,743,000

 

 

 

 

Summarized Financial Information Related To Cedar/RioCan Joint Venture Investment, Income Statement

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Statements of Income

 

January 1, 2012 to

 

 

 

 

 

 

October 10, 2012

 

Years ended December 31,

 

 

(Sale Date)

 

2011

 

2010

Revenues

 

$            49,341,000 

 

$           62,500,000 

 

$        30,194,000 

Property operating and other expenses

 

(4,373,000)

 

(6,631,000)

 

(2,636,000)

Management fees

 

(1,653,000)

 

(2,006,000)

 

(973,000)

Real estate taxes

 

(5,941,000)

 

(7,214,000)

 

(3,286,000)

Acquisition transaction costs

 

(964,000)

 

(917,000)

 

(7,119,000)

General and administrative

 

(174,000)

 

(308,000)

 

(622,000)

Depreciation and amortization

 

(15,769,000)

 

(20,616,000)

 

(9,523,000)

Interest and other non-operating expenses, net

 

(13,027,000)

 

(18,078,000)

 

(7,903,000)

Net income (loss)

 

$              7,440,000 

 

$             6,730,000 

 

$         (1,868,000)

 

 

 

 

 

 

 

The Company's share of net income (loss)

 

$              1,481,000 

 

$             1,346,000 

 

$            (375,000)