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Mortgage Loans Payable And Unsecured Credit Facilities (Tables)

12 Months Ended

Dec. 31, 2015

Mortgage Loans Payable And Unsecured Credit Facilities [Abstract]

Schedule Of Debt Related To Continuing Operations

		December 31, 2015						December 31, 2014
				Interest rates						Interest rates
		Balance		Weighted				Balance		Weighted
Description		outstanding		average		Range		outstanding		average		Range
Fixed-rate mortgages		$               299,022,000		5.0%		3.1% - 7.5%		$           393,388,000		5.4%		3.1% - 7.5%
Unsecured credit facilities:
Variable-rate:
Revolving credit facility		78,000,000		1.7%				72,000,000		1.9%
Term loan		50,000,000		1.7%				50,000,000		1.9%
Fixed-rate:
Term loan		75,000,000		2.9%				75,000,000		3.2%
Term loan		50,000,000		2.8%				-		-
Term loan		75,000,000		4.0%				75,000,000		4.1%
Term loan		50,000,000		3.3%				-		-
		$               677,022,000		3.7%				$           665,388,000		4.3%

Schedule Of Mortgage Loan Activity

		Years ended December 31,
		2015		2014
Balance, beginning of year		$    393,388,000		$    516,292,000
Mortgages on properties held for sale		-		(15,249,000)
Mortgage loan assumptions		20,462,000		53,439,000
Repayments		(114,828,000)		(161,094,000)
Balance, end of the year		$    299,022,000		$    393,388,000

Schedule Of Mortgage Loans Payable Repaid

				Principal Payoff
Property		Repayment Date		Amount
2015
New London Mall		February 1, 2015		$       27,365,000
Oak Ridge Shopping Center		March 11, 2015		$         3,155,000
Pine Grove Plaza		June 1, 2015		$         5,139,000
Quartermaster Plaza		July 1, 2015		$       41,327,000
Groton Shopping Center		July 1, 2015		$       10,953,000
Jordan Lane		August 2, 2015		$       11,682,000
Southington Center		August 2, 2015		$         5,129,000
Oakland Mills		September 1, 2015		$         4,385,000
2014
Virginia Little Creek		February 3, 2014		$            295,000
Upland Square		February 11, 2014		$       57,839,000
Kings Plaza		April 1, 2014		$         7,188,000
Coliseum Marketplace		April 1, 2014		$       11,045,000
Liberty Marketplace		April 1, 2014		$         8,171,000
Trexler Mall		May 11, 2014		$       19,479,000
Yorktowne Plaza		June 2, 2014		$       18,726,000
Quartermaster Plaza		June 5, 2014		$       11,217,000
Fieldstone Marketplace		July 11, 2014		$       16,878,000
Mechanicsburg Center		August 1, 2014		$         8,215,000
Smithfield Plaza		October 21, 2014		$         6,616,000
Elmhurst Square		December 11, 2014		$         3,638,000

Schedule Of Principal Payments On Mortgage Loans Payable And Credit Facility

2016		$    129,284,000
2017		63,560,000
2018		20,821,000
2019		155,725,000	(a)
2020		111,545,000
Thereafter		196,087,000
		$    677,022,000

(a) Includes $78.0 million applicable to the unsecured revolving credit facility, subject to a one-year extension option.

Summary Of The Derivative Financial Instruments Held

December 31, 2015

Designation/

Notional

Fair

Maturity

Balance sheet

Cash flow

Derivative

Count

value

value

dates

location

Qualifying

Interest rate swaps

4

$         250,000,000

$             3,945,000

2019 - 2022

Accounts payable and accrued liabilities

December 31, 2014

Designation/

Notional

Fair

Maturity

Balance sheet

Cash flow

Derivative

Count

value

value

dates

location

Qualifying

Interest rate swaps

2

$         150,000,000

$             2,777,000

2019 and 2021

Accounts payable and accrued liabilities

Effect Of The Derivative Financial Instruments On The Consolidated Statements Of Operations And Consolidated Statements Of Equity

				(Loss) gain recognized in other
				comprehensive income
				(effective portion)
Designation/				Years ended December 31,
Cash flow		Derivative		2015		2014		2013
Qualifying		Interest rate swaps		$       (4,539,000)		$       (3,650,000)		$           202,000
				(Gain) loss recognized in other
				comprehensive income
				reclassified into earnings (effective portion)
				Years ended December 31,
		Classification		2015		2014		2013
		Continuing Operations		$        3,621,000		$        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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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
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-Publisher FASB
-Name Accounting Standards Codification
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