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Discontinued Operations (Tables) | 12 Months Ended
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Dec. 31, 2014
Discontinued Operations [Abstract] |
Schedule Of The Components Of Income From Discontinued Operations |
|  | Years ended December 31,
|  | 2014 |  | 2013 |  | 2012
REVENUES |  |  |  |  |  |
Rents |  | $ 2,698,000 |  | $ 9,963,000 |  | $ 20,608,000
Expense recoveries and other |  | 918,000 |  | 2,754,000 |  | 5,261,000
Total revenues |  | 3,616,000 |  | 12,717,000 |  | 25,869,000
EXPENSES |  |  |  |  |  |
Operating, maintenance and management |  | 783,000 |  | 3,655,000 |  | 7,475,000
Real estate and other property-related taxes |  | 555,000 |  | 2,632,000 |  | 4,184,000
Depreciation and amortization |  | - |  | 1,258,000 |  | 1,385,000
Interest |  | 631,000 |  | 2,455,000 |  | 7,299,000
Early extinguishment of debt costs |  | - |  | 437,000 |  | -
Total expenses |  | 1,969,000 |  | 10,437,000 |  | 20,343,000
INCOME FROM OPERATIONS |  | 1,647,000 |  | 2,280,000 |  | 5,526,000
IMPAIRMENT REVERSALS/(CHARGES), NET |  | 47,000 |  | (3,049,000) |  | (284,000)
GAIN ON EXTINGUISHMENT OF DEBT OBLIGATIONS |  | 1,423,000 |  | 10,452,000 |  | -
GAIN ON SALES |  | 7,963,000 |  | - |  | 4,679,000
TOTAL INCOME FROM DISCONTINUED OPERATIONS |  | $ 11,080,000 |  | $ 9,683,000 |  | $ 9,921,000
Schedule Of Properties Sold, Classified As Discontinued Operations, 2014 Transactions |
|  |  |  | Date |  | Sales |  | Gain on
Property |  | Location |  | Sold |  | Price |  | Sale
Harbor Square (f/k/a Shore Mall) |  | Egg Harbor, NJ |  | 2/25/2014 |  | $ 25,000,000 |  | $ -
McCormick Place |  | Olmstead, OH |  | 5/6/2014 |  | 2,679,000 | (a) | -
Gahanna Discount Drug Mart Plaza |  | Columbus, OH |  | 5/27/2014 |  | 4,982,000 | (a) | -
Townfair Center |  | Indiana, PA |  | 5/29/2014 |  | 22,600,000 |  | 1,472,000
Lake Raystown Plaza |  | 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.
Schedule Of Properties Sold, Classified As Discontinued Operations, 2013 Transactions |
|  |  |  | Date |  | Sales |  | Gain on
Property |  | Location |  | Sold |  | Price |  | Sale
East Chestnut |  | Lancaster, PA |  | 1/2/2013 |  | $ 3,100,000 |  | $ -
Columbia Mall |  | Bloomsburg, PA |  | 4/17/2013 |  | 2,775,000 |  | -
Heritage Crossing |  | Limerick, PA |  | 5/9/2013 |  | 9,400,000 |  | -
Westlake Discount Drug Mart Plaza |  | Westlake, OH |  | 6/5/2013 |  | 2,240,000 |  | -
Dunmore Shopping Center |  | Dunmore, PA |  | 11/8/2013 |  | 4,000,000 |  | -
Roosevelt II |  | Philadelphia, PA |  | 11/14/2013 |  | 13,878,000 | (a) | -
Oakhurst Plaza |  | Harrisburg, PA |  | 12/11/2013 |  | 11,000,000 |  | -
|  |  |  |  |  | $ 46,393,000 |  | $ -
(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.
Schedule Of Properties Sold, Classified As Discontinued Operations, 2012 Transactions |
|  |  |  | Date |  | Sales |  | Gain on
Property |  | Location |  | Sold |  | Price |  | Sale
Hilliard Discount Drug Mart Plaza |  | Hilliard, OH |  | 2/7/2012 |  | $ 1,434,000 |  | $ -
First Merit Bank at Akron |  | Akron, OH |  | 2/23/2012 |  | 633,000 |  | -
Grove City Discount Drug Mart Plaza |  | Grove City, OH |  | 3/12/2012 |  | 1,925,000 |  | -
CVS at Naugatuck |  | Naugatuck, CT |  | 3/20/2012 |  | 3,350,000 |  | 457,000
CVS at Bradford |  | Bradford, PA |  | 3/30/2012 |  | 967,000 |  | -
CVS at Celina |  | Celina, OH |  | 3/30/2012 |  | 1,449,000 |  | -
CVS at Erie |  | Erie, PA |  | 3/30/2012 |  | 1,278,000 |  | -
CVS at Portage Trail |  | Akron, OH |  | 3/30/2012 |  | 1,061,000 |  | -
Rite Aid at Massillon |  | Massillon, OH |  | 3/30/2012 |  | 1,492,000 |  | -
Kingston Plaza |  | Kingston, NY |  | 4/12/2012 |  | 1,182,000 |  | 293,000
Stadium Plaza |  | East Lansing, MI |  | 5/3/2012 |  | 5,400,000 |  | -
Homburg Joint Venture (seven properties) |  | Various |  | 10/12/2012 |  | 23,642,000 |  | 3,929,000
The Point at Carlisle |  | Carlisle, PA |  | 10/15/2012 |  | 7,350,000 |  | -
|  |  |  |  |  | $ 51,163,000 |  | $ 4,679,000

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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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