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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2013
Fair Value Measurements [Abstract]  
Schedule Of Assets And Liabilities Measured At A Fair Value On Recurring Basis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets/Liabilities Measured at Fair Value on a

 

 

Recurring Basis

 

 

December 31, 2013

Description

 

Level 1

 

Level 2

 

Level 3

 

Total

Investments related to share-

 

 

 

 

 

 

 

 

based compensation liabilities (a)

$

435,000 

$

 -

$

 -

$

435,000 

Share-based compensation liabilities (b)

$

426,000 

$

 -

$

 -

$

426,000 

Interest rate swaps liability (b)

$

 -

$

647,000 

$

 -

$

647,000 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2012

Description

 

Level 1

 

Level 2

 

Level 3

 

Total

Investments related to share-

 

 

 

 

 

 

 

 

based compensation liabilities (a)

$

450,000 

$

 -

$

 -

$

450,000 

Share-based compensation liabilities (b)

$

445,000 

$

 -

$

 -

$

445,000 

Interest rate swaps liability (b)

$

 -

$

1,577,000 

$

 -

$

1,577,000 

 

 

 

 

 

 

 

 

 

(a) Included in other assets in the accompanying consolidated balance sheets.

(b) Included in accounts payable and accrued liabilities in the accompanying consolidated balance sheets.

 

 

 

 

 

 

 

 

 

 

Schedule Of Assets Measured At A Fair Value On Non-recurring Basis

 

 

 

 

 

 

 

 

 

 

 

 

Assets Measured at Fair Value on a

 

 

 

Non-Recurring Basis

 

 

 

December 31, 2013

 

Asset Description

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Real estate held for sale/conveyance

$

 -

$

 -

$

81,854,000 

$

81,854,000 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2012

 

Asset Description

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Real estate held for sale/conveyance

$

 -

$

15,574,000 

$

62,219,000 

$

77,793,000 

 

 

 

 

 

 

 

 

 

 

 

 

Quantitative Information Regarding Level 3 Assets Measured At Fair Value On Non-recurring Basis

 

 

 

 

 

 

 

 

 

Quantitative Information about Level 3 Fair Value Measurements

 

 

Fair value at

 

Valuation

 

Unobservable

 

Range

 

 

December 31, 2013

 

Technique

 

inputs

 

(weighted average)

Real estate held for sale/conveyance:

 

 

 

 

 

 

 

 

Operating retail real estate

 

 

 

 

 

 

 

 

(six properties)

 

$                   70,217,000 

 

Discounted cash flow

 

Capitalization rates

 

7.8% to 11.0% (8.2%)

 

 

 

 

 

 

Discount rates

 

9.2% to 11.6% (9.4%)

Land development property

 

10,211,000 

 

Discounted cash flow

 

Capitalization rate

 

7.3%

 

 

 

 

 

 

Discount rate

 

7.8%

Land (three parcels)

 

1,426,000 

 

Sales comparison approach

 

Price per acre

 

$23,000 to $139,000 per acre

 

 

 

 

 

 

 

 

($44,000 per acre)

 

 

$                   81,854,000