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Mortgage Loans Payable And Unsecured Credit Facilities (Tables)

12 Months Ended

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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Tabular disclosure of the effective portion of gains and losses on derivative instruments (and nonderivative instruments) designated and qualifying in cash flow hedges recorded in accumulated other comprehensive income (loss) during the term of the hedging relationship and reclassified into earnings during the current period.

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