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Properties Held For Sale and Related Transactions (Tables) | 12 Months Ended
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Dec. 31, 2013
Properties Held For Sale and Related Transactions [Abstract] |
Schedule Of The Components Of Income (Loss) From Discontinued Operations |
|  | Years ended December 31,
|  | 2013 |  | 2012 |  | 2011
REVENUES |  |  |  |  |  |
Rents |  | $ 10,517,000 |  | $ 20,608,000 |  | $ 31,515,000
Expense recoveries and other |  | 2,973,000 |  | 5,261,000 |  | 7,956,000
Total revenues |  | 13,490,000 |  | 25,869,000 |  | 39,471,000
EXPENSES |  |  |  |  |  |
Operating, maintenance and management |  | 3,889,000 |  | 7,476,000 |  | 9,866,000
Real estate and other property-related taxes |  | 2,761,000 |  | 4,205,000 |  | 5,849,000
Depreciation and amortization |  | 1,258,000 |  | 1,385,000 |  | 6,744,000
Interest |  | 2,455,000 |  | 7,299,000 |  | 9,813,000
Early extinguishment of debt costs |  | 437,000 |  | - |  | -
Total expenses |  | 10,800,000 |  | 20,365,000 |  | 32,272,000
INCOME FROM OPERATIONS |  | 2,690,000 |  | 5,504,000 |  | 7,199,000
IMPAIRMENT CHARGES, NET |  | (3,977,000) |  | (4,000) |  | (88,458,000)
GAIN ON EXTINGUISHMENT OF DEBT OBLIGATIONS |  | 10,452,000 |  | - |  | -
GAIN ON SALES |  | - |  | 4,679,000 |  | 884,000
TOTAL INCOME (LOSS) FROM DISCONTINUED OPERATIONS |  | $ 9,165,000 |  | $ 10,179,000 |  | $ (80,375,000)
Schedule Of Impairment Charges |
| Years ended December 31,
| 2013 |  | 2012 |  | 2011
Impairment (reversals)/charges - Ohio property loan |  |  |  |  |
(2013 and 2012), and land parcels (2012 and 2011) (a) | $ (1,100,000) |  | $ 5,779,000 |  | $ 7,148,000
Loss on exit from unconsolidated joint venture (b) | $ - |  | $ - |  | $ 7,961,000
Impairment charges, net - properties held |  |  |  |  |
for sale/conveyance (c) | $ 3,977,000 |  | $ 4,000 |  | $ 88,458,000
(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 2013, 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: |  |  |  |  |  |  |  |  |  |
East Chestnut |  | 100% |  | Lancaster, PA |  | 1/2/2013 |  | $ 3,100,000 |  | $ -
Columbia Mall |  | 100% |  | Bloomsburg, PA |  | 4/17/2013 |  | 2,775,000 |  | -
Heritage Crossing |  | 100% |  | Limerick, PA |  | 5/9/2013 |  | 9,400,000 |  | -
Westlake Discount Drug Mart Plaza |  | 100% |  | Westlake, OH |  | 6/5/2013 |  | 2,240,000 |  | -
Dunmore Shopping Center |  | 100% |  | Dunmore, PA |  | 11/8/2013 |  | 4,000,000 |  | -
Roosevelt II |  | 100% |  | Philadelphia, PA |  | 11/14/2013 |  | 13,878,000 | (a) | -
Oakhurst Plaza |  | 100% |  | Harrisburg, PA |  | 12/11/2013 |  | 11,000,000 |  | -
|  |  |  |  |  |  |  | $ 46,393,000 |  | $ -
Continuing operations: |  |  |  |  |  |  |  |  |  |
Huntingdon Plaza land parcel |  | 100% |  | Huntingdon, PA |  | 3/29/2013 |  | $ 390,000 |  | $ 266,000
Upland Square land parcel |  | 100% |  | Pottstown, PA |  | 11/8/2013 |  | 1,700,000 |  | 215,000
Oregon Pike (land parcel) |  | 100% |  | Lancaster, PA |  | 12/23/2013 |  | 1,451,000 |  | -
|  |  |  |  |  |  |  | $ 3,541,000 |  | $ 481,000
(a) Lender accepted a deed-in-lieu of foreclosure on the property. Sales price represents mortgage loan payable, accrued interest and other expenses forgiven upon title transfer.
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

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- 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). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2941-110230 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 144 -Paragraph 33, 47 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1510-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1474-107760 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=8077374&loc=d3e2443-110228 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 144 -Paragraph 43, 44, 45, 47, 48 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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