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Mortgage Loans Payable And Credit Facility (Tables)
6 Months Ended
Jun. 30, 2014
Mortgage Loans Payable And Credit Facility [Abstract]  
Schedule Of Mortgage Loan Activity

 

 

 

 

 

 

 

 

 

Repayment

 

Maturity

 

Principal Payoff

Property

 

Date

 

Date

 

Amount

East Little Creek (a)

 

February 3, 2014

 

September 1, 2021

 

$                  295,000

Upland Square

 

February 11, 2014

 

October 26, 2014

 

$             57,839,000

Kings Plaza

 

April 1, 2014

 

July 1, 2014

 

$               7,188,000

Coliseum Marketplace

 

April 1, 2014

 

July 1, 2014

 

$             11,045,000

Liberty Marketplace

 

April 1, 2014

 

July 1, 2014

 

$               8,171,000

Trexler Mall

 

May 11, 2014

 

May 11, 2014

 

$             19,479,000

Yorktowne Plaza

 

June 2, 2014

 

July 1, 2014

 

$             18,726,000

Quartermaster Plaza

 

June 5, 2014

 

October 1, 2014

 

$             11,217,000

 

 

 

 

 

 

 

(a) Included in mortgage loans payable - real estate held for sale/conveyance on the accompanying balance sheet at December 31, 2013.

 

Summary Of The Derivative Financial Instruments Held

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Notional values

 

 

 

Balance

 

Fair value

Designation/

 

 

 

 

June 30,

 

 

 

December 31,

 

Maturity

 

sheet

 

June 30,

 

December 31,

Cash flow

Derivative

 

Count

 

2014

 

Count

 

2013

 

date

 

location

 

2014

 

2013

Qualifying

Interest rate swaps

 

 

$       150,000,000 

 

 -

 

$                     - 

 

2019/2021

 

Accounts payable and accrued liabilities

 

$        1,943,000 

 

$                     - 

Qualifying

Interest rate swap

 

 -

 

$                         - 

 

 

$     11,894,000 

(a)

 -

 

Accounts payable and accrued liabilities

 

$                      - 

 

$          647,000 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a) Amount is an interest rate swap related to mortgage loans payable - real estate held for sale/conveyance on the consolidated balance sheets.

 

Effect Of The Derivative Financial Instruments On The Consolidated Statements Of Operations And Consolidated Statements Of Equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net amount of (loss) gain recognized in other

 

 

 

 

comprehensive income (effective portion)

Designation/

 

 

 

Three months ended June 30,

 

Six months ended June 30,

Cash flow

 

Derivative

 

2014

 

2013

 

2014

 

2013

 

 

 

 

 

 

 

 

 

 

 

Qualifying (a)

 

Interest rate swaps

 

$     (1,850,000)

 

$          570,000 

 

$     (1,162,000)

 

$          910,000 

 

 

 

 

 

 

 

 

 

 

 

(a) The following table details the amounts which were reclassified from other comprehensive income to interest expense in the consolidated statements of operations:

 

 

 

 

Three months ended June 30,

 

Six months ended June 30,

 

 

Classification

 

2014

 

2013

 

2014

 

2013

 

 

Continuing Operations

 

$            74,000 

 

$          233,000 

 

$          151,000 

 

$          490,000 

 

 

Discontinued Operations

 

$            53,000 

 

$            77,000 

 

$          129,000 

 

$          154,000