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Real Estate (Tables)
12 Months Ended
Dec. 31, 2014
Real Estate [Abstract]  
Real Estate And Accumulated Depreciation

 

 

 

 

 

 

 

Years ended December 31,

 

 

2014

 

2013

Cost

 

 

 

 

Balance, beginning of year

 

$      1,450,951,000

 

$      1,423,979,000

Properties held for sale

 

(81,223,000)

 

 -

Property acquired

 

91,241,000 

 

34,666,000 

Properties sold

 

 -

 

(1,351,000)

Impairments

 

(6,000)

 

(928,000)

Improvements and betterments

 

15,210,000 

 

13,581,000 

Write-off of fully-depreciated assets

 

 -

 

(18,996,000)

Balance, end of the year

 

$      1,476,173,000

 

$      1,450,951,000

 

 

 

 

 

Accumulated depreciation

 

 

 

 

Balance, beginning of the year

 

$         251,605,000

 

$         229,535,000

Properties held for sale

 

(18,523,000)

 

 -

Depreciation expense

 

34,129,000 

 

41,066,000 

Write-off of fully-depreciated assets

 

 -

 

(18,996,000)

Balance, end of the year

 

$         267,211,000

 

$         251,605,000

 

 

 

 

 

Net book value

 

$      1,208,962,000

 

$      1,199,346,000

 

 

 

 

 

 

 

Schedule Of Transactions Related To Properties Held For Sale/Conveyance

 

 

 

 

 

 

 

 

 

 

 

 

 

Date 

 

Sales

 

Gain on

Property

 

Location

 

Sold

 

Price

 

Sale

Fairview Plaza

 

New Cumberland, PA

 

5/27/2014

 

$  12,450,000

 

$  3,810,000

Carbondale Plaza

 

Carbondale, PA

 

7/18/2014

 

10,700,000 

 

123,000 

Virginia Little Creek

 

Norfolk, VA

 

8/22/2014

 

9,850,000 

 

2,209,000 

Annie Land Plaza

 

Lovingston, VA

 

9/26/2014

 

3,500,000 

 

 -

Smithfield Plaza

 

Smithfield, VA

 

10/21/2014

 

12,350,000 

 

 -

St. James Square

 

Hagerstown, MA

 

11/5/2014

 

4,125,000 

 

271,000 

Circle Plaza

 

Shamokin Dam, PA

 

-

 

 -

 

 -

Liberty Marketplace

 

Dubois, PA

 

-

 

 -

 

 -

 

 

 

 

 

 

$  52,975,000

 

$  6,413,000

 

 

 

 

 

 

 

 

 

 

 

Schedule Of Land Parcels Sold

 

 

 

 

 

 

 

 

 

 

 

 

 

Date 

 

Sales

 

Gain on

Property

 

Location

 

Sold

 

Price

 

Sale

2014

 

 

 

 

 

 

 

 

Blue Mountain Commons land parcel

 

Harrisburg, PA

 

10/22/2014

 

$      350,000

 

$               -

 

 

 

 

 

 

 

 

 

2013

 

 

 

 

 

 

 

 

Huntingdon Plaza land parcel

 

Huntingdon, PA

 

3/29/2013

 

$      390,000

 

$   266,000

Upland Square land parcel

 

Pottstown, PA

 

11/8/2013

 

1,700,000 

 

215,000 

Oregon Pike land parcel

 

Lancaster, PA

 

12/23/2013

 

1,451,000 

 

 -

 

 

 

 

 

 

$   3,541,000

 

$   481,000

 

 

 

 

 

 

 

 

 

2012

 

 

 

 

 

 

 

 

Blue Mountain Commons land parcel

 

Harrisburg, PA

 

6/19/2012

 

$         102,000 

 

$       79,000 

Oregon Pike land parcel

 

Lancaster, PA

 

6/28/2012

 

1,100,000 

 

 -

Trindle Springs land parcel

 

Mechanicsburg, PA

 

7/20/2012

 

800,000 

 

 -

Aston land parcel

 

Aston, PA

 

7/27/2012

 

1,365,000 

 

402,000 

Wyoming land parcel

 

Wyoming, MI

 

11/16/2012

 

1,000,000 

 

516,000 

 

 

 

 

 

 

$      4,367,000 

 

$     997,000