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Discontinued Operations (Tables) | 6 Months Ended
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Jun. 30, 2014
Discontinued Operations [Abstract] |
Schedule Of The Components Of Income (Loss) From Discontinued Operations |
|  | Three months ended June 30, |  | Six months ended June 30,
|  | 2014 |  | 2013 |  | 2014 |  | 2013
REVENUES |  |  |  |  |  |  |  |
Rents |  | $ 1,106,000 |  | $ 2,665,000 |  | $ 2,822,000 |  | $ 5,585,000
Expense recoveries and other |  | 210,000 |  | 654,000 |  | 1,140,000 |  | 1,500,000
Total revenues |  | 1,316,000 |  | 3,319,000 |  | 3,962,000 |  | 7,085,000
EXPENSES |  |  |  |  |  |  |  |
Operating, maintenance and management |  | 215,000 |  | 864,000 |  | 935,000 |  | 2,551,000
Real estate and other property-related taxes |  | 120,000 |  | 644,000 |  | 602,000 |  | 1,301,000
Depreciation and amortization |  | - |  | 311,000 |  | - |  | 632,000
Interest |  | 230,000 |  | 631,000 |  | 644,000 |  | 1,340,000
Early extinguishment of debt costs, net |  | - |  | - |  | (13,000) |  | 437,000
Total expenses |  | 565,000 |  | 2,450,000 |  | 2,168,000 |  | 6,261,000
INCOME FROM OPERATIONS |  | 751,000 |  | 869,000 |  | 1,794,000 |  | 824,000
IMPAIRMENT REVERSALS, NET |  | 183,000 |  | - |  | 119,000 |  | -
GAIN ON EXTINGUISHMENT OF DEBT OBLIGATIONS |  | 1,423,000 |  | 1,298,000 |  | 1,423,000 |  | 1,298,000
GAIN ON SALES |  | 7,963,000 |  | - |  | 7,963,000 |  | -
TOTAL INCOME FROM DISCONTINUED OPERATIONS |  | $ 10,320,000 |  | $ 2,167,000 |  | $ 11,299,000 |  | $ 2,122,000
Schedule Of Properties Sold |
|  | Percent |  |  |  | Date |  | Sales |  | Gain on
Property |  | Sold |  | Location |  | Sold |  | Price |  | Sale
Continuing operations: |  |  |  |  |  |  |  |  |  |
Fairview Plaza |  | 100% |  | New Cumberland, PA |  | 5/27/2014 |  | $ 12,450,000 |  | $ 3,810,000
Discontinued operations: |  |  |  |  |  |  |  |  |  |
Harbor Square (f/k/a Shore Mall) |  | 100% |  | Egg Harbor, NJ |  | 2/25/2014 |  | $ 25,000,000 |  | $ -
McCormick Place |  | 100% |  | Olmstead, OH |  | 5/6/2014 |  | 2,679,000 | (a) | -
Gahanna Discount Drug Mart Plaza |  | 100% |  | Columbus, OH |  | 5/27/2014 |  | 4,982,000 | (a) | -
Townfair Center |  | 100% |  | Indiana, PA |  | 5/29/2014 |  | 22,600,000 |  | 1,472,000
Lake Raystown Plaza |  | 100% |  | Huntingdon, PA |  | 6/25/2014 |  | 19,500,000 |  | 6,491,000
|  |  |  |  |  |  |  | $ 74,761,000 |  | $ 7,963,000
(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.

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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 360 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=8077374&loc=d3e2443-110228 Reference 5: 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 + Details
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