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Mortgage Loans Payable And Unsecured Credit Facilities (Tables) | 12 Months Ended
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Dec. 31, 2014
Mortgage Loans Payable And Unsecured Credit Facilities [Abstract] |
Schedule Of Debt Related To Continuing Operations |
|  | December 31, 2014 |  | December 31, 2013
|  |  |  | Interest rates |  |  |  | Interest rates
|  | Balance |  | Weighted |  |  |  | Balance |  | Weighted |  |
Description |  | outstanding |  | average |  | Range |  | outstanding |  | average |  | Range
Fixed-rate mortgages |  | $ 393,388,000 |  | 5.4% |  | 3.1% - 7.5% |  | $ 458,207,000 |  | 5.5% |  | 3.1% - 7.5%
Variable-rate mortgage |  | - |  | - |  |  |  | 58,085,000 |  | 2.9% |  |
Total property-specific mortgages |  | 393,388,000 |  | 5.4% |  |  |  | 516,292,000 |  | 5.2% |  |
Unsecured credit facilities: |  |  |  |  |  |  |  |  |  |  |  |
Revolving facility |  | 72,000,000 |  | 1.9% |  |  |  | 153,500,000 |  | 2.3% |  |
Term loan |  | 50,000,000 |  | 1.9% |  |  |  | 50,000,000 |  | 2.3% |  |
Term loan |  | 75,000,000 |  | 3.2% |  |  |  | - |  | - |  |
Term loan |  | 75,000,000 |  | 4.1% |  |  |  | - |  | - |  |
|  | 272,000,000 |  | 2.8% |  |  |  | 203,500,000 |  | 2.3% |  |
|  | $ 665,388,000 |  | 4.3% |  |  |  | $ 719,792,000 |  | 4.3% |  |
Schedule Of Mortgage Loan Activity |
|  | Years ended December 31,
|  | 2014 |  | 2013
Balance, beginning of year |  | $ 516,292,000 |  | $ 589,168,000
Mortgages on properties held for sale |  | (15,249,000) |  | -
Mortgage loan assumptions |  | 53,439,000 |  | -
Repayments |  | (161,094,000) |  | (72,876,000)
Balance, end of the year |  | $ 393,388,000 |  | $ 516,292,000
Schedule Of Mortgage Loans Payable Repaid |
|  | Repayment |  | Maturity |  | Principal Payoff
Property |  | Date |  | Date |  | Amount
2014 |  |  |  |  |  |
Virginia Little Creek |  | 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
Fieldstone Marketplace |  | July 11, 2014 |  | July 11, 2014 |  | $ 16,878,000
Mechanicsburg Center |  | August 1, 2014 |  | November 1, 2014 |  | $ 8,215,000
Smithfield Plaza |  | October 21, 2014 |  | May 11, 2016 |  | $ 6,616,000
Elmhurst Square |  | December 11, 2014 |  | December 11, 2014 |  | $ 3,638,000
2013 |  |  |  |  |  |
East Chestnut |  | January 2, 2013 |  | April 1, 2018 |  | $ 1,538,000
Academy Plaza |  | January 10, 2013 |  | March 10, 2013 |  | $ 8,633,000
Fort Washington |  | January 29, 2013 |  | January 29, 2013 |  | $ 5,384,000
General Booth |  | February 1, 2013 |  | August 1, 2013 |  | $ 4,960,000
Kempsville Crossing |  | February 1, 2013 |  | August 1, 2013 |  | $ 5,592,000
Smithfield Plaza |  | February 1, 2013 |  | August 1, 2013 |  | $ 3,200,000
Suffolk Plaza |  | February 1, 2013 |  | August 1, 2013 |  | $ 4,185,000
Virginia Little Creek |  | February 1, 2013 |  | August 1, 2013 |  | $ 4,484,000
Carbondale Plaza |  | June 17, 2013 |  | May 1, 2015 |  | $ 4,721,000
Port Richmond |  | July 30, 2013 |  | August 1, 2013 |  | $ 13,690,000
Timpany Plaza |  | November 1, 2013 |  | January 1, 2014 |  | $ 7,610,000
Schedule Of Debt Included In Discontinuing Operations |
|  | December 31, 2013
|  |  |  | Interest rates
|  | Balance |  | Weighted |  |
Description |  | outstanding |  | average |  | Range
Fixed-rate mortgages (a) |  | $ 22,848,000 |  | 5.4% |  | 5.2% - 6.1%
(a) At December 31, 2013, the Company had a mortgage loan payable of approximately $11.9 million, subject to an interest rate swap which converted the LIBOR-based variable rate to a fixed annual rate of 5.2% per annum.
Schedule Of Principal Payments On Mortgage Loans Payable And Credit Facility |
2015 |  | $ 110,479,000 | (a)
2016 |  | 133,018,000 |
2017 |  | 62,923,000 |
2018 |  | 20,158,000 |
2019 |  | 149,037,000 | (b)
Thereafter |  | 189,773,000 | (c)
|  | $ 665,388,000 |
(a) To be substantially refinanced with the proceeds from unsecured term loans which closed on February 5, 2015. (b) As amended on February 5, 2015, includes $72.0 million applicable to the unsecured revolving credit facility, subject to a one-year extension option, originally due in 2016. (c) As amended on February 5, 2015, includes $50.0 million applicable to a term loan originally due in 2018.
Summary Of The Derivative Financial Instruments Held |
|  |  |  |  | Notional values |  |  |  | Balance |  | Fair value
Designation/ |  |  |  |  | December 31, |  |  |  | December 31, |  | Maturity |  | sheet |  | December 31, |  | December 31,
Cash flow | Derivative |  | Count |  | 2014 |  | Count |  | 2013 |  | date |  | location |  | 2014 |  | 2013
Qualifying | Interest rate swaps |  | 2 |  | $ 150,000,000 |  | - |  | $ - |  | 2019/2021 |  | Accounts payable and accrued liabilities |  | $ 2,777,000 |  | $ -
Qualifying | Interest rate swap |  | - |  | $ - |  | 1 |  | $ 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 sheet.
Effect Of The Derivative Financial Instruments On The Consolidated Statements Of Operations And Consolidated Statements Of Equity |
|  |  |  | Gain (loss) recognized in other |
|  |  |  | comprehensive income |
|  |  |  | (effective portion) |
Designation/ |  |  |  | Years ended December 31, |
Cash flow |  | Derivative |  | 2014 |  | 2013 |
Qualifying |  | Interest rate swaps |  | $ (3,650,000) |  | $ 202,000 |
|  |  |  | Gain (loss) recognized in other |
|  |  |  | comprehensive income |
|  |  |  | reclassified into earnings (effective portion) |
|  |  |  | Years ended December 31, |
|  | Classification |  | 2014 |  | 2013 |
|  | Continuing Operations |  | $ 1,663,000 |  | $ 749,000 |
|  | Discontinued Operations |  | $ 129,000 |  | $ 309,000 |

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