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Supplemental Detail for Certain Components of Consolidated Balance Sheets (Tables)
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3 Months Ended |
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Mar. 31, 2015
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| Supplemental Detail for Certain Components of Consolidated Balance Sheets |
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| Schedule of acquired lease intangible assets, net |
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A. Acquired lease intangible assets, net, consist of the following
|
|
March 31,
|
|
December 31,
|
|
|
(dollars in thousands) at:
|
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2015
|
|
2014
|
|
|
Acquired in-place leases
|
|
$
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1,021,247
|
|
$ 1,005,244
|
|
|
Accumulated amortization of acquired in-place leases
|
|
(198,976
|
)
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(177,722
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)
|
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Acquired above-market leases
|
|
279,650
|
|
252,581
|
|
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Accumulated amortization of acquired above-market leases
|
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(45,076
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)
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(40,379
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)
|
|
|
|
$
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1,056,845
|
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$ 1,039,724
|
|
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| Other assets, net |
|
|
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March 31,
|
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December 31,
|
|
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B. Other assets, net, consist of the following (dollars in thousands) at:
|
|
2015
|
|
2014
|
|
|
Deferred financing costs, net
|
|
$
|
22,295
|
|
$ 23,274
|
|
|
Restricted escrow deposits
|
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18,300
|
|
36,540
|
|
|
Notes receivable issued in connection with property sales
|
|
18,243
|
|
18,342
|
|
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Prepaid expenses
|
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15,166
|
|
14,137
|
|
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Impounds related to mortgages payable
|
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4,868
|
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5,789
|
|
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Credit facility origination costs, net
|
|
3,403
|
|
4,171
|
|
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Corporate assets, net
|
|
2,492
|
|
2,600
|
|
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Other items
|
|
2,954
|
|
2,797
|
|
|
|
|
$
|
87,721
|
|
$ 107,650
|
|
|
| Distributions payable |
|
|
|
|
|
|
|
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C. Distributions payable consist of the following declared
|
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March 31,
|
|
December 31,
|
|
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distributions (dollars in thousands) at:
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2015
|
|
2014
|
|
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Common stock distributions
|
|
$
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43,069
|
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$ 41,268
|
|
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Preferred stock dividends
|
|
2,257
|
|
2,257
|
|
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Noncontrolling interests distributions
|
|
140
|
|
150
|
|
|
|
|
$
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45,466
|
|
$ 43,675
|
|
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| Accounts payable and accrued expenses |
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D. Accounts payable and accrued expenses consist of the
|
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March 31,
|
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December 31,
|
|
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following (dollars in thousands) at:
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2015
|
|
2014
|
|
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Notes payable - interest payable
|
|
$
|
34,617
|
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$ 63,919
|
|
|
Accrued costs on properties under development
|
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11,498
|
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18,011
|
|
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Property taxes payable
|
|
9,641
|
|
11,634
|
|
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Other items
|
|
21,838
|
|
29,723
|
|
|
|
|
$
|
77,594
|
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$ 123,287
|
|
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| Schedule of acquired lease intangible liabilities, net |
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E. Acquired lease intangible liabilities, net, consist of the
|
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March 31,
|
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December 31,
|
|
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following (dollars in thousands) at:
|
|
2015
|
|
2014
|
|
|
Acquired below-market leases
|
|
$
|
254,381
|
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$ 243,025
|
|
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Accumulated amortization of acquired below-market leases
|
|
(26,190
|
)
|
(22,556
|
)
|
|
|
|
$
|
228,191
|
|
$ 220,469
|
|
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| Other liabilities |
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F. Other liabilities consist of the following
|
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March 31,
|
|
December 31,
|
|
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(dollars in thousands) at:
|
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2015
|
|
2014
|
|
|
Rent received in advance
|
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$
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30,933
|
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$ 36,122
|
|
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Security deposits
|
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5,996
|
|
5,876
|
|
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Capital lease obligation
|
|
4,475
|
|
4,397
|
|
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Preferred units issued upon entity acquisition
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|
-
|
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6,750
|
|
|
|
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$
|
41,404
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$ 53,145
|
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