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Real Estate (Tables)
12 Months Ended
Dec. 31, 2015
Real Estate [Abstract]  
Real Estate And Accumulated Depreciation

 

 

 

 

 

 

 

Years ended December 31,

 

 

2015

 

2014

Cost

 

 

 

 

Balance, beginning of year

 

$      1,476,173,000

 

$      1,450,951,000

Properties held for sale

 

(4,599,000)

 

(81,223,000)

Properties acquired

 

65,313,000 

 

91,241,000 

Impairments

 

 -

 

(6,000)

Improvements and betterments

 

13,140,000 

 

15,210,000 

Balance, end of the year

 

$      1,550,027,000

 

$      1,476,173,000

 

 

 

 

 

Accumulated depreciation

 

 

 

 

Balance, beginning of the year

 

$         267,211,000

 

$         251,605,000

Properties held for sale

 

(1,380,000)

 

(18,523,000)

Depreciation expense

 

35,001,000 

 

34,129,000 

Balance, end of the year

 

$         300,832,000

 

$         267,211,000

 

 

 

 

 

Net book value

 

$      1,249,195,000

 

$      1,208,962,000

 

 

 

 

 

 

 

Schedule Of Transactions Related To Properties Held For Sale/Conveyance

 

 

 

 

 

 

 

 

 

 

 

 

 

Date 

 

Sales

 

Gain on

Property

 

Location

 

Sold

 

Price

 

Sale

2015

 

 

 

 

 

 

 

 

Kenley Village

 

Hagerstown, MD

 

5/28/2015

 

$    2,275,000

 

$               -

Circle Plaza

 

Shamoking Dam, PA

 

7/22/2015

 

1,800,000 

 

 -

 

 

 

 

 

 

$    4,075,000

 

$               -

 

 

 

 

 

 

 

 

 

2014

 

 

 

 

 

 

 

 

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 

 

 

 

 

 

 

$  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