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Mortgage Loans Payable And Unsecured Credit Facilities (Tables) | 12 Months Ended
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Dec. 31, 2016
Debt Disclosure [Abstract] |
Schedule Of Debt Related To Continuing Operations | Debt is composed of the following at December 31, 2016 and 2015:
|  | December 31, 2016 |  | December 31, 2015
|  |  |  |  |  | Contractual interest rates |  |  |  |  |  | Contractual interest rates
|  | Balance |  |  | Weighted - |  |  |  |  | Balance |  |  | Weighted - |  |  |
Description |  | outstanding |  |  | average |  |  | Range |  | outstanding |  |  | average |  |  | Range
Fixed-rate mortgages |  | $ | 138,288,000 |  |  |  | 4.6% |  |  | 3.9% - 7.5% |  | $ | 298,779,000 |  |  |  | 5.4% |  |  | 3.9% - 7.5%
Unsecured credit facilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Variable-rate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revolving credit facility |  |  | 72,000,000 |  |  |  | 2.1% |  |  |  |  |  | 78,000,000 |  |  |  | 1.7% |  |  |
Term loan |  |  | 50,000,000 |  |  |  | 2.1% |  |  |  |  |  | 50,000,000 |  |  |  | 1.7% |  |  |
Fixed-rate (a): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Term loan |  |  | 75,000,000 |  |  |  | 2.9% |  |  |  |  |  | 75,000,000 |  |  |  | 2.9% |  |  |
Term loan |  |  | 50,000,000 |  |  |  | 2.8% |  |  |  |  |  | 50,000,000 |  |  |  | 2.8% |  |  |
Term loan |  |  | 75,000,000 |  |  |  | 4.0% |  |  |  |  |  | 75,000,000 |  |  |  | 4.0% |  |  |
Term loan |  |  | 50,000,000 |  |  |  | 3.3% |  |  |  |  |  | 50,000,000 |  |  |  | 3.3% |  |  |
Term loan |  |  | 100,000,000 |  |  |  | 3.2% |  |  |  |  |  | - |  |  | - |  |  |
|  |  | 610,288,000 |  |  |  | 3.3% |  |  |  |  |  | 676,779,000 |  |  |  | 3.3% |  |  |
Unamortized premium |  |  | 667,000 |  |  |  |  |  |  |  |  |  | 243,000 |  |  |  |  |  |  |
Unamortized debt issuance costs |  |  | (3,210,000 | ) |  |  |  |  |  |  |  |  | (3,202,000 | ) |  |  |  |  |  |
|  | $ | 607,745,000 |  |  |  |  |  |  |  |  | $ | 673,820,000 |  |  |  |  |  |  |
| (a) | The interest rates on these term loans consist of LIBOR plus a credit spread based on the Company’s leverage ratio, for which the Company has interest rate swap agreements which convert the LIBOR rates to fixed rates. Accordingly, these term loans are presented as fixed-rate debt.
Schedule Of Mortgage Loans Payable Repaid | During 2016 and 2015, the Company repaid the following mortgage loans payable:
|  |  |  | Principal payoff |
Property |  | Repayment date |  | amount |
Gold Star Plaza |  | March 10, 2016 |  | $ | 953,000 |
West Bridgewater |  | June 6, 2016 |  | $ | 10,037,000 |
Hamburg Square |  | July 1, 2016 |  | $ | 4,569,000 |
Meadows Marketplace |  | August 1, 2016 |  | $ | 9,089,000 |
Carman's Plaza |  | August 1, 2016 |  | $ | 33,500,000 |
San Souci Plaza |  | September 1, 2016 |  | $ | 27,200,000 |
Camp Hill |  | September 30, 2016 |  | $ | 60,742,000 |
Swede Square |  | December 29, 2016 |  | $ | 9,652,000 |
Golden Triangle |  | December 30, 2016 |  | $ | 18,496,000 |
|  |  |  | Principal payoff |
Property |  | Repayment date |  | amount |
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 |
Schedule Of Principal Payments On Mortgage Loans Payable And Credit Facility | Scheduled principal payments on mortgage loans payable, unsecured term loans, and the unsecured credit facility at December 31, 2016, due on various dates from 2017 to 2029, are as follows:
|  | Secured Debt |  |  | Unsecured Debt |  |  |  |  |  |  |  |  |  |  | Unamortized |  |  |  |  |
|  | Scheduled |  |  | Balloon |  |  | Revolving |  |  | Term |  |  |  |  |  |  | Unamortized |  |  | Debt |  |  |  |  |
Year |  | Amortization |  |  | Payments |  |  | Credit Facility |  |  | Loans |  |  | Total |  |  | Premium |  |  | Issuance Costs |  |  | Total |
2017 |  | $ | 3,221,000 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 3,221,000 |  |  | $ | 119,000 |  |  | $ | (759,000 | ) |  | $ | 2,581,000 |
2018 |  |  | 3,377,000 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 3,377,000 |  |  |  | 126,000 |  |  |  | (759,000 | ) |  |  | 2,744,000 |
2019 |  |  | 3,542,000 |  |  |  | - |  |  |  | 72,000,000 |  | (a) |  | 75,000,000 |  |  |  | 150,542,000 |  |  |  | 126,000 |  |  |  | (607,000 | ) |  |  | 150,061,000 |
2020 |  |  | 3,707,000 |  |  |  | - |  |  |  | - |  |  |  | 100,000,000 |  |  |  | 103,707,000 |  |  |  | 126,000 |  |  |  | (391,000 | ) |  |  | 103,442,000 |
2021 |  |  | 3,253,000 |  |  |  | 22,367,000 |  |  |  | - |  |  |  | 75,000,000 |  |  |  | 100,620,000 |  |  |  | 126,000 |  |  |  | (259,000 | ) |  |  | 100,487,000 |
Thereafter |  |  | 11,561,000 |  |  |  | 87,260,000 |  |  |  | - |  |  |  | 150,000,000 |  |  |  | 248,821,000 |  |  |  | 44,000 |  |  |  | (435,000 | ) |  |  | 248,430,000 |
|  | $ | 28,661,000 |  |  | $ | 109,627,000 |  |  | $ | 72,000,000 |  |  | $ | 400,000,000 |  |  | $ | 610,288,000 |  |  | $ | 667,000 |  |  | $ | (3,210,000 | ) |  | $ | 607,745,000 |
The revolving credit facility is subject to a one-year extension at the Company's option.
Summary Of The Derivative Financial Instruments Held | The following is a summary of the derivative financial instruments held by the Company at December 31, 2016 and December 31, 2015:
December 31, 2016
Designation/ |  |  |  |  |  |  |  | Notional |  |  | Fair |  |  | Maturity |  | Balance sheet
Cash flow |  | Derivative |  | Count |  |  | value |  |  | value |  |  | dates |  | location
Qualifying |  | Interest rate swaps |  |  | 3 |  |  | $ | 200,000,000 |  |  | $ | 3,074,000 |  |  | 2020 - 2023 |  | Other assets and deferred charges, net
Qualifying |  | Interest rate swaps |  |  | 2 |  |  | $ | 150,000,000 |  |  | $ | 2,321,000 |  |  | 2019 - 2021 |  | Accounts payable and accrued liabilities
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
Effect Of The Derivative Financial Instruments On The Consolidated Statements Of Operations And Consolidated Statements Of Equity | The following presents the effect of the Company’s derivative financial instruments on the consolidated statements of operations and the consolidated statements of equity 2016, 2015 and 2014, respectively:
|  |  |  | Gain (loss) recognized in other |
|  |  |  | comprehensive income |
|  |  |  | (effective portion) |
Designation/ |  |  |  | Years ended December 31, |
Cash flow |  | Derivative |  | 2016 |  |  | 2015 |  |  | 2014 |
Qualifying |  | Interest rate swaps |  | $ | 1,162,000 |  |  | $ | (4,539,000 | ) |  | $ | (3,650,000 | )
|  |  |  | (Loss) recognized in other |
|  |  |  | comprehensive income |
|  |  |  | reclassified into earnings (effective portion) |
|  |  |  | Years ended December 31, |
|  | Classification |  | 2016 |  |  | 2015 |  |  | 2014 |
|  | Continuing Operations |  | $ | (3,739,000 | ) |  | $ | (3,621,000 | ) |  | $ | (1,663,000 | )
|  | Discontinued Operations |  | $ | - |  |  | $ | - |  |  | $ | (129,000 | )

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