BRIXMOR PROPERTY GROUP INC., 10-K filed on 2/10/2025
Annual Report
v3.25.0.1
Cover Page - USD ($)
 12 Months Ended
Dec. 31, 2024
Feb. 03, 2025
Jun. 30, 2024
Entity Information [Line Items]      
Document Type 10-K    
Document Annual Report true    
Document Period End Date Dec. 31, 2024    
Current Fiscal Year End Date --12-31    
Document Transition Report false    
Entity File Number 001-36160    
Entity Registrant Name Brixmor Property Group Inc.    
Entity Incorporation, State or Country Code MD    
Entity Tax Identification Number 45-2433192    
Entity Address, Address Line One 100 Park Avenue    
Entity Address, City or Town New York    
Entity Address, State or Province NY    
Entity Address, Postal Zip Code 10017    
City Area Code 212    
Local Phone Number 869-3000    
Title of 12(b) Security Common Stock, par value $0.01 per share.    
Trading Symbol BRX    
Security Exchange Name NYSE    
Entity Well-known Seasoned Issuer Yes    
Entity Voluntary Filers No    
Entity Current Reporting Status Yes    
Entity Interactive Data Current Yes    
Entity Filer Category Large Accelerated Filer    
Entity Small Business false    
Entity Emerging Growth Company false    
ICFR Auditor Attestation Flag true    
Document Financial Statement Error Correction [Flag] false    
Entity Shell Company false    
Entity Public Float     $ 6,910,020,838
Entity Common Stock, Shares Outstanding   305,932,336  
Documents Incorporated by Reference
Portions of the definitive proxy statement to be filed by Brixmor Property Group Inc. with the Securities and Exchange Commission pursuant to Regulation 14A relating to the registrant’s Annual Meeting of Stockholders to be held on April 23, 2025 will be incorporated by reference in this Form 10-K in response to Items 10, 11, 12, 13 and 14 of Part III. The definitive proxy statement will be filed with the SEC not later than 120 days after the registrant’s fiscal year ended December 31, 2024.
    
Entity Central Index Key 0001581068    
Amendment Flag false    
Document Fiscal Year Focus 2024    
Document Fiscal Period Focus FY    
Brixmor Operating Partnership LP      
Entity Information [Line Items]      
Document Type 10-K    
Document Period End Date Dec. 31, 2024    
Current Fiscal Year End Date --12-31    
Entity File Number 333-256637-01    
Entity Registrant Name Brixmor Operating Partnership LP    
Entity Incorporation, State or Country Code DE    
Entity Tax Identification Number 80-0831163    
Entity Well-known Seasoned Issuer Yes    
Entity Voluntary Filers No    
Entity Current Reporting Status Yes    
Entity Interactive Data Current Yes    
Entity Filer Category Non-accelerated Filer    
Entity Small Business false    
Entity Emerging Growth Company false    
ICFR Auditor Attestation Flag true    
Document Financial Statement Error Correction [Flag] false    
Entity Shell Company false    
Entity Central Index Key 0001630031    
Amendment Flag false    
Document Fiscal Year Focus 2024    
Document Fiscal Period Focus FY    
No Trading Symbol Flag true    
v3.25.0.1
Audit Information
 12 Months Ended
Dec. 31, 2024
Audit Information [Abstract]  
Auditor Name Deloitte & Touche LLP
Auditor Location Philadelphia, Pennsylvania
Auditor Firm ID 34
v3.25.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Real estate    
Land $ 1,834,814 $ 1,794,011
Buildings and improvements 9,574,243 9,201,876
Real estate, gross 11,409,057 10,995,887
Accumulated depreciation and amortization (3,410,179) (3,198,980)
Real estate, net 7,998,878 7,796,907
Cash and cash equivalents 377,616 866
Restricted cash 1,076 18,038
Marketable securities 20,301 19,914
Receivables, net 281,947 278,775
Deferred charges and prepaid expenses, net 167,080 164,061
Real estate assets held for sale 4,189 0
Other assets 57,827 54,155
Total assets 8,908,914 8,332,716
Liabilities    
Debt obligations, net 5,339,751 4,933,525
Accounts payable, accrued expenses and other liabilities 585,241 548,890
Total liabilities 5,924,992 5,482,415
Commitments and contingencies (Note 15) 0 0
Equity    
Common stock 3,055 3,006
Additional paid-in capital 3,431,043 3,310,590
Accumulated other comprehensive income (loss) 8,218 (2,700)
Distributions in excess of net income (458,638) (460,595)
Total stockholders' equity 2,983,678 2,850,301
Non-controlling interests 244 0
Total equity 2,983,922 2,850,301
Total liabilities and equity 8,908,914 8,332,716
Brixmor Operating Partnership LP    
Real estate    
Land 1,834,814 1,794,011
Buildings and improvements 9,574,243 9,201,876
Real estate, gross 11,409,057 10,995,887
Accumulated depreciation and amortization (3,410,179) (3,198,980)
Real estate, net 7,998,878 7,796,907
Cash and cash equivalents 376,956 866
Restricted cash 1,076 18,038
Marketable securities 20,301 19,914
Receivables, net 281,947 278,775
Deferred charges and prepaid expenses, net 167,080 164,061
Real estate assets held for sale 4,189 0
Other assets 57,827 54,155
Total assets 8,908,254 8,332,716
Liabilities    
Debt obligations, net 5,339,751 4,933,525
Accounts payable, accrued expenses and other liabilities 585,241 548,911
Total liabilities 5,924,992 5,482,436
Commitments and contingencies (Note 15) 0 0
Equity    
Common stock 2,974,800 2,852,980
Accumulated other comprehensive income (loss) 8,218 (2,700)
Total stockholders' equity 2,983,018 2,850,280
Non-controlling interests 244 0
Total equity 2,983,262 2,850,280
Total liabilities and equity $ 8,908,254 $ 8,332,716
v3.25.0.1
CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares
Dec. 31, 2024
Dec. 31, 2023
Common stock, par value (usd per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 3,000,000,000 3,000,000,000
Common stock, shares issued (in shares) 314,619,008 309,723,386
Common stock, shares outstanding (in shares) 305,492,016 300,596,394
Brixmor Operating Partnership LP    
Common stock, shares issued (in shares) 314,619,008 309,723,386
Common stock, shares outstanding (in shares) 305,492,016 300,596,394
v3.25.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues      
Rental income $ 1,283,421 $ 1,243,844 $ 1,217,362
Other revenues 1,633 1,192 712
Total revenues 1,285,054 1,245,036 1,218,074
Operating expenses      
Operating costs 152,825 146,473 141,408
Real estate taxes 164,291 173,517 170,383
Depreciation and amortization 381,396 362,277 344,731
Impairment of real estate assets 11,143 17,836 5,724
General and administrative 116,363 117,128 117,225
Total operating expenses 826,018 817,231 779,471
Other income (expense)      
Dividends and interest 20,776 666 314
Interest expense (215,994) (190,733) (192,427)
Gain on sale of real estate assets 78,064 65,439 111,563
Gain (loss) on extinguishment of debt, net 554 4,356 (221)
Other (3,160) (2,446) (3,639)
Total other expense (119,760) (122,718) (84,410)
Net income 339,276 305,087 354,193
Net income attributable to non-controlling interests (2) 0 0
Net income attributable to Brixmor Property Group Inc. $ 339,274 $ 305,087 $ 354,193
Net income per common share:      
Basic (usd per share) $ 1.12 $ 1.01 $ 1.18
Diluted (usd per share) $ 1.11 $ 1.01 $ 1.17
Weighted average shares:      
Basic (in shares) 303,130 300,977 299,938
Diluted (in shares) 304,038 302,376 301,742
Brixmor Operating Partnership LP      
Revenues      
Rental income $ 1,283,421 $ 1,243,844 $ 1,217,362
Other revenues 1,633 1,192 712
Total revenues 1,285,054 1,245,036 1,218,074
Operating expenses      
Operating costs 152,825 146,473 141,408
Real estate taxes 164,291 173,517 170,383
Depreciation and amortization 381,396 362,277 344,731
Impairment of real estate assets 11,143 17,836 5,724
General and administrative 116,363 117,128 117,225
Total operating expenses 826,018 817,231 779,471
Other income (expense)      
Dividends and interest 20,776 666 314
Interest expense (215,994) (190,733) (192,427)
Gain on sale of real estate assets 78,064 65,439 111,563
Gain (loss) on extinguishment of debt, net 554 4,356 (221)
Other (3,160) (2,446) (3,639)
Total other expense (119,760) (122,718) (84,410)
Net income 339,276 305,087 354,193
Net income attributable to non-controlling interests (2) 0 0
Net income attributable to Brixmor Property Group Inc. $ 339,274 $ 305,087 $ 354,193
Net income per common share:      
Basic (usd per share) $ 1.12 $ 1.01 $ 1.18
Diluted (usd per share) $ 1.11 $ 1.01 $ 1.17
Weighted average shares:      
Basic (in shares) 303,130 300,977 299,938
Diluted (in shares) 304,038 302,376 301,742
v3.25.0.1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Net income $ 339,276 $ 305,087 $ 354,193
Other comprehensive income (loss)      
Change in unrealized gain (loss) on interest rate swaps, net (Note 6) 10,697 (12,153) 22,226
Change in unrealized gain (loss) on marketable securities 221 602 (701)
Total other comprehensive income (loss) 10,918 (11,551) 21,525
Comprehensive income 350,194 293,536 375,718
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest (2) 0 0
Comprehensive income attributable to Brixmor Property Group, Inc. 350,192 293,536 375,718
Brixmor Operating Partnership LP      
Net income 339,276 305,087 354,193
Other comprehensive income (loss)      
Change in unrealized gain (loss) on interest rate swaps, net (Note 6) 221 602 (701)
Change in unrealized gain (loss) on marketable securities 10,697 (12,153) 22,226
Total other comprehensive income (loss) 10,918 (11,551) 21,525
Comprehensive income 350,194 293,536 375,718
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest (2) 0 0
Comprehensive income attributable to Brixmor Property Group, Inc. $ 350,192 $ 293,536 $ 375,718
v3.25.0.1
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY AND CAPITAL - USD ($)
shares in Thousands, $ in Thousands
Total
Brixmor Operating Partnership LP
Common Stock
Common Stock
Brixmor Operating Partnership LP
Additional Paid-in Capital
Additional Paid-in Capital
Brixmor Operating Partnership LP
Accumulated Other Comprehensive Income (Loss)
Distributions in Excess of Net Income
Non-controlling Interests
Non-controlling Interests
Brixmor Operating Partnership LP
Beginning balance (in shares) at Dec. 31, 2021     297,210              
Beginning balance at Dec. 31, 2021 $ 2,718,346 $ 2,703,188 $ 2,972 $ 2,715,863 $ 3,231,732 $ (12,675) $ (12,674) $ (503,684) $ 0 $ 0
Increase (Decrease) in Equity [Roll Forward]                    
Common stock dividends (296,845) (282,615)   (282,615)            
Equity based compensation expense 25,185 25,185   25,185 25,185          
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent, Including Rounding Adjustments   21,526       21,526        
Other comprehensive income (loss) 21,525 21,525         21,525      
Issuance of common stock (in shares)     2,706              
Issuance of common stock 53,100 53,100 $ 27 53,100 53,073          
Repurchases of common shares in conjunction with equity award plans (10,494) (10,494)   (10,494) (10,494)          
Net income 354,193 354,193   354,193       354,193    
Ending balance (in shares) at Dec. 31, 2022     299,916              
Ending balance at Dec. 31, 2022 2,865,010 2,864,083 $ 2,999 2,855,232 3,299,496 8,851 8,851 (446,336) 0 0
Increase (Decrease) in Equity [Roll Forward]                    
Dividends, Common Stock               296,845    
Common stock dividends (319,346) (318,440)   (318,440)            
Equity based compensation expense 22,345 22,345   22,345 22,345          
Other comprehensive income (loss) (11,551) (11,551)       (11,551) (11,551)      
Issuance of common stock (in shares)     680              
Issuance of common stock 1 1 $ 7 1 (6)          
Repurchases of common shares in conjunction with equity award plans (11,245) (11,245)   (11,245) (11,245)          
Net income 305,087 305,087   305,087       305,087    
Ending balance (in shares) at Dec. 31, 2023     300,596              
Ending balance at Dec. 31, 2023 2,850,301 2,850,280 $ 3,006 2,852,980 3,310,590 (2,700) (2,700) (460,595) 0 0
Increase (Decrease) in Equity [Roll Forward]                    
Dividends, Common Stock               319,346    
Common stock dividends (337,317) (337,956)   (337,956)            
Equity based compensation expense 19,967 19,967   19,967 19,967          
Other comprehensive income (loss) 10,918 10,918       10,918 10,918      
Issuance of common stock (in shares)     4,896              
Issuance of common stock 114,592 114,592 $ 49 114,592 114,543          
Contributions from non-controlling interests 242               242 242
Repurchases of common shares in conjunction with equity award plans (14,057) (14,057)   (14,057) (14,057)          
Net income 339,276 339,276   339,274       339,274 2 2
Ending balance (in shares) at Dec. 31, 2024     305,492              
Ending balance at Dec. 31, 2024 $ 2,983,922 $ 2,983,262 $ 3,055 $ 2,974,800 $ 3,431,043 $ 8,218 $ 8,218 (458,638) $ 244 $ 244
Increase (Decrease) in Equity [Roll Forward]                    
Dividends, Common Stock               $ 337,317    
v3.25.0.1
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (Parenthetical) - $ / shares
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Statement of Stockholders' Equity [Abstract]      
Common stock dividends (usd per share) $ 1.1050 $ 1.0525 $ 0.9800
v3.25.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating activities:      
Net income $ 339,276 $ 305,087 $ 354,193
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 381,396 362,277 344,731
Accretion of debt premium and discount, net (2,849) (2,944) (2,863)
Deferred financing cost amortization 7,140 6,860 7,012
Accretion of above- and below-market leases, net (11,167) (12,764) (12,156)
Tenant inducement amortization and other 2,474 3,878 3,965
Impairment of real estate assets 11,143 17,836 5,724
Gain on sale of real estate assets (78,064) (65,439) (111,563)
Equity based compensation 17,937 20,777 23,407
(Gain) loss on extinguishment of debt, net (554) (4,356) 221
Changes in operating assets and liabilities:      
Receivables, net (8,042) (16,512) (31,951)
Deferred charges and prepaid expenses (33,479) (40,497) (38,445)
Other assets (551) (845) (551)
Accounts payable, accrued expenses and other liabilities 27 15,436 24,658
Net cash provided by operating activities 624,687 588,794 566,382
Investing activities:      
Improvements to and investments in real estate assets (353,350) (345,157) (330,356)
Acquisitions of real estate assets (293,770) (2,269) (409,688)
Proceeds from sales of real estate assets 210,134 182,255 279,815
Purchase of marketable securities (30,076) (21,346) (25,294)
Proceeds from sale of marketable securities 30,041 23,437 23,070
Net cash used in investing activities (437,021) (163,080) (462,453)
Financing activities:      
Repayment of borrowings under unsecured revolving credit facility (98,500) (632,000) (675,000)
Proceeds from borrowings under unsecured revolving credit facility 80,000 525,500 800,000
Proceeds from unsecured term loans and notes 796,152 200,000 0
Repayment of borrowings under unsecured term loans and notes (367,449) (194,254) (250,000)
Deferred financing and debt extinguishment costs (7,714) (783) (8,387)
Proceeds from issuances of common shares 114,651 0 53,100
Distributions to common stockholders (331,203) (315,287) (289,632)
Contributions from non-controlling interests 242 0 0
Repurchases of common shares in conjunction with equity award plans (14,057) (11,245) (10,494)
Net cash provided by (used in) financing activities 172,122 (428,069) (380,413)
Net change in cash, cash equivalents and restricted cash 359,788 (2,355) (276,484)
Cash, cash equivalents and restricted cash at beginning of period 18,904 21,259 297,743
Cash, cash equivalents and restricted cash at end of period 378,692 18,904 21,259
Reconciliation to consolidated balance sheets:      
Cash and cash equivalents 377,616 866 16,492
Restricted cash 1,076 18,038 4,767
Cash, cash equivalents and restricted cash at end of period 378,692 18,904 21,259
Supplemental disclosure of cash flow information:      
Cash paid for interest, net of amount capitalized of $3,981, $4,147 and $3,081 189,266 186,957 187,293
State and local taxes paid 2,278 2,323 1,951
Rental income 1,283,421 1,243,844 1,217,362
Other revenues 1,633 1,192 712
Total revenues 1,285,054 1,245,036 1,218,074
Operating costs 152,825 146,473 141,408
Real estate taxes 164,291 173,517 170,383
Depreciation and amortization 381,396 362,277 344,731
Impairment of real estate assets 11,143 17,836 5,724
Total general and administrative 116,363 117,128 117,225
Operating Expenses 826,018 817,231 779,471
Other Interest and Dividend Income 20,776 666 314
Interest expense (215,994) (190,733) (192,427)
Gain (Loss) on Sale of Properties 78,064 65,439 111,563
Gain (loss) on extinguishment of debt, net 554 4,356 (221)
Other (3,160) (2,446) (3,639)
Nonoperating Income (Expense) (119,760) (122,718) (84,410)
Net income attributable to non-controlling interests (2) 0 0
Net Income (Loss) 339,274 305,087 354,193
Brixmor Operating Partnership LP      
Operating activities:      
Net income 339,276 305,087 354,193
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 381,396 362,277 344,731
Accretion of debt premium and discount, net (2,849) (2,944) (2,863)
Deferred financing cost amortization 7,140 6,860 7,012
Accretion of above- and below-market leases, net (11,167) (12,764) (12,156)
Tenant inducement amortization and other 2,474 3,878 3,965
Impairment of real estate assets 11,143 17,836 5,724
Gain on sale of real estate assets (78,064) (65,439) (111,563)
Equity based compensation 17,937 20,777 23,407
(Gain) loss on extinguishment of debt, net (554) (4,356) 221
Changes in operating assets and liabilities:      
Receivables, net (8,042) (16,512) (31,951)
Deferred charges and prepaid expenses (33,479) (40,497) (38,445)
Other assets (551) (845) (551)
Accounts payable, accrued expenses and other liabilities 27 15,436 24,658
Net cash provided by operating activities 624,687 588,794 566,382
Investing activities:      
Improvements to and investments in real estate assets (353,350) (345,157) (330,356)
Acquisitions of real estate assets (293,770) (2,269) (409,688)
Proceeds from sales of real estate assets 210,134 182,255 279,815
Purchase of marketable securities (30,076) (21,346) (25,294)
Proceeds from sale of marketable securities 30,041 23,437 23,070
Net cash used in investing activities (437,021) (163,080) (462,453)
Financing activities:      
Repayment of borrowings under unsecured revolving credit facility (98,500) (632,000) (675,000)
Proceeds from borrowings under unsecured revolving credit facility 80,000 525,500 800,000
Proceeds from unsecured term loans and notes 796,152 200,000 0
Repayment of borrowings under unsecured term loans and notes (367,449) (194,254) (250,000)
Deferred financing and debt extinguishment costs (7,714) (783) (8,387)
Proceeds from issuances of common shares 114,651 0 53,100
Contributions from non-controlling interests 242 0 0
Partner distributions and repurchases of OP Units (345,920) (325,605) (285,895)
Net cash provided by (used in) financing activities 171,462 (427,142) (366,182)
Net change in cash, cash equivalents and restricted cash 359,128 (1,428) (262,253)
Cash, cash equivalents and restricted cash at beginning of period 18,904 20,332 282,585
Cash, cash equivalents and restricted cash at end of period 378,032 18,904 20,332
Reconciliation to consolidated balance sheets:      
Cash and cash equivalents 376,956 866 15,565
Restricted cash 1,076 18,038 4,767
Cash, cash equivalents and restricted cash at end of period 378,032 18,904 20,332
Supplemental disclosure of cash flow information:      
Cash paid for interest, net of amount capitalized of $3,981, $4,147 and $3,081 189,266 186,957 187,293
State and local taxes paid 2,278 2,323 1,951
Rental income 1,283,421 1,243,844 1,217,362
Other revenues 1,633 1,192 712
Total revenues 1,285,054 1,245,036 1,218,074
Operating costs 152,825 146,473 141,408
Real estate taxes 164,291 173,517 170,383
Depreciation and amortization 381,396 362,277 344,731
Impairment of real estate assets 11,143 17,836 5,724
Total general and administrative 116,363 117,128 117,225
Operating Expenses 826,018 817,231 779,471
Other Interest and Dividend Income 20,776 666 314
Interest expense (215,994) (190,733) (192,427)
Gain (Loss) on Sale of Properties 78,064 65,439 111,563
Gain (loss) on extinguishment of debt, net 554 4,356 (221)
Other (3,160) (2,446) (3,639)
Nonoperating Income (Expense) (119,760) (122,718) (84,410)
Net income attributable to non-controlling interests (2) 0 0
Net Income (Loss) $ 339,274 $ 305,087 $ 354,193
v3.25.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Interest paid, capitalized $ 3,981 $ 4,147 $ 3,081
Brixmor Operating Partnership LP      
Interest paid, capitalized $ 3,981 $ 4,147 $ 3,081
v3.25.0.1
Nature of Business and Financial Statement Presentation
 12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Nature of Business and Financial Statement Presentation Nature of Business and Financial Statement Presentation
Description of Business
Brixmor Property Group Inc. and subsidiaries (collectively, the "Parent Company") is an internally-managed corporation that has elected to be taxed as a real estate investment trust ("REIT"). Brixmor Operating Partnership LP and subsidiaries (collectively, the "Operating Partnership") is the entity through which the Parent Company conducts substantially all of its operations and owns substantially all of its assets. The Parent Company owns 100% of the limited liability company interests of BPG Subsidiary LLC ("BPG Sub"), which, in turn, is the sole member of Brixmor OP GP LLC (the "General Partner"), the sole general partner of the Operating Partnership. The Parent Company engages in the ownership, management, leasing, acquisition, disposition, and redevelopment of retail shopping centers through the Operating Partnership, and has no other substantial assets or liabilities other than through its investment in the Operating Partnership. The Parent Company, the Operating Partnership, and their consolidated subsidiaries (collectively, the "Company" or "Brixmor") owns and operates one of the largest publicly traded open-air retail portfolios by gross leasable area ("GLA") in the United States ("U.S."), comprised primarily of grocery-anchored community and neighborhood shopping centers. As of December 31, 2024, the Company’s portfolio included 363 shopping centers (the "Portfolio") totaling approximately 64 million square feet of GLA. The Company’s high-quality national Portfolio is primarily located within established trade areas in the top 50 Core-Based Statistical Areas in the U.S., and its shopping centers are primarily anchored by non-discretionary and value-oriented retailers, as well as consumer-oriented service providers.
The Company does not distinguish its principal business or group its operations on a geographical basis for purposes of measuring performance. Accordingly, the Company has a single reportable segment for disclosure purposes in accordance with U.S. generally accepted accounting principles ("GAAP").

Basis of Presentation
The financial information included herein reflects the consolidated financial position of the Company as of December 31, 2024 and 2023 and the consolidated results of its operations and cash flows for the years ended December 31, 2024, 2023, and 2022.

Principles of Consolidation and Use of Estimates
The accompanying Consolidated Financial Statements include the accounts of the Parent Company, the Operating Partnership, each of their wholly owned subsidiaries and all other entities in which they have a controlling financial interest. All intercompany transactions have been eliminated.

When the Company obtains an economic interest in an entity, management evaluates the entity to determine: (i) whether the entity is a variable interest entity ("VIE"), (ii) in the event the entity is a VIE, whether the Company is the primary beneficiary of the entity, and (iii) in the event the entity is not a VIE, whether the Company otherwise has a controlling financial interest.

The Company consolidates: (i) entities that are VIEs for which the Company is deemed to be the primary beneficiary and (ii) entities that are not VIEs which the Company controls. If the Company has an interest in a VIE but it is not determined to be the primary beneficiary, the Company accounts for its interest under the equity method of accounting. Similarly, for those entities which are not VIEs and the Company does not have a controlling financial interest, the Company accounts for its interests under the equity method of accounting. The Company continually reconsiders its determination of whether an entity is a VIE and whether the Company qualifies as its primary beneficiary. The Company has evaluated the Operating Partnership and has determined it is not a VIE as of December 31, 2024.

The Company acquires properties, from time to time, using a reverse like-kind exchange structure pursuant to Section 1031 of the Internal Revenue Code (a "reverse 1031 exchange") and, as such, the properties are in the possession of an Exchange Accommodation Titleholder ("EAT") until the reverse 1031 exchange is completed. The EAT is classified as a VIE as it is a "thinly capitalized" entity. The Company owns 100% of the EAT, controls the activities that most significantly impact the EAT’s economic performance, and can collapse the reverse 1031
exchange structure at any time. Therefore, the Company consolidates the EAT because it is the primary beneficiary. Assets of the EAT primarily consist of leased property (real estate and intangibles).

GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported amounts of revenues and expenses during a reporting period. The most significant assumptions and estimates relate to impairment of real estate, recovery of receivables, and depreciable lives. These estimates are based on historical experience and other assumptions that management believes are reasonable under the circumstances. Management evaluates its estimates on an ongoing basis and makes revisions to these estimates and related disclosures as new information becomes known. Actual results could differ from these estimates.

Non-controlling Interests
The Company accounts for non-controlling interests in accordance with Accounting Standards Codification ("ASC") 810, Consolidation, and ASC 480 Distinguishing Liabilities from Equity. Non-controlling interests represent the portion of equity that the Company does not own in those entities that it consolidates. The Company identifies its non-controlling interests separately within the equity section of the Consolidated Balance Sheets. The amounts of consolidated net earnings attributable to the Company and to the non-controlling interests are presented separately on the Consolidated Statements of Operations.

Cash and Cash Equivalents
For purposes of presentation on both the Consolidated Balance Sheets and the Consolidated Statements of Cash Flows, the Company considers instruments with an original maturity of three months or less to be cash and cash equivalents.
The Company maintains its cash and cash equivalents at major financial institutions. The cash and cash equivalents balance at one or more of these financial institutions exceeds the Federal Depository Insurance Corporation ("FDIC") insurance coverage. The Company periodically assesses the credit risk associated with these financial institutions and believes that the risk of loss is minimal.

Restricted Cash
Restricted cash represents cash deposited in escrow accounts that generally can only be used for the payment of real estate taxes, debt service, insurance, and future capital expenditures as required by certain loan and lease agreements, as well as legally restricted tenant security deposits and funds held in escrow for pending transactions.

Real Estate
Real estate assets are recognized on the Company’s Consolidated Balance Sheets at historical cost, less accumulated depreciation and amortization. Upon acquisition of real estate operating properties, management estimates the fair value of acquired tangible assets (consisting of land, buildings, and tenant improvements) and identifiable intangible assets and liabilities (consisting of above- and below-market leases and in-place leases) based on an evaluation of available information. Transaction costs incurred during the acquisition process are capitalized as a component of the asset’s value.

The fair value of tangible assets is determined as if the acquired property is vacant. Fair value is determined using an exit price approach, which contemplates the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

In allocating fair value to identifiable intangible assets and liabilities, the value of above-market and below-market leases is estimated based on the present value (using a discount rate reflecting the risks associated with the leases acquired) of the difference between: (i) the contractual amounts to be paid pursuant to the leases negotiated and in-place at the time of acquisition and (ii) management’s estimate of fair market lease rates for the property or an equivalent property, measured over a period equal to the lesser of 30 years or the remaining non-cancelable term of the leases, which includes renewal periods with fixed rental terms that are considered to be below-market. The capitalized above-market or below-market intangibles are amortized as a reduction of, or increase to, rental income over the remaining non-cancelable term of the leases.
The value of in-place leases is estimated based on management’s evaluation of the specific characteristics of each tenant lease, including: (i) fair market rent and the reimbursement of property operating expenses, including common area expenses, utilities, insurance, real estate taxes, and capital expenditures that would be forgone during a hypothetical expected lease-up period and (ii) costs that would be incurred, including leasing commissions, legal and marketing costs, and tenant improvements and allowances, to execute similar leases. The value assigned to in-place leases is amortized to Depreciation and amortization expense over the remaining term of the leases.

Certain real estate assets are depreciated using the straight-line method over the estimated useful lives of the assets. The estimated useful lives are as follows:
Building and building and land improvements
20 – 40 years
Furniture, fixtures, and equipment
5 – 10 years
Tenant improvementsThe shorter of the term of the related lease or useful life

Costs to fund major replacements and betterments, which extend the life of the asset, are capitalized and depreciated over their respective useful lives, while costs for ordinary repairs and maintenance activities are expensed to Operating costs as incurred.

In situations in which a tenant’s non-cancelable lease term has been modified, the Company evaluates the remaining useful lives of depreciable or amortizable assets in the asset group related to the lease (i.e., tenant improvements, above- and below-market lease intangibles, in-place lease value, and leasing commissions). Based upon consideration of the facts and circumstances surrounding the modification, the Company may accelerate the depreciation and amortization associated with the asset group.

Management periodically assesses whether there are any indicators, including property operating performance, changes in anticipated hold period, and general market conditions, that the carrying value of the Company’s real estate assets (including any related intangible assets or liabilities) may be impaired. If an indicator is identified, a real estate asset is considered impaired only if management’s estimate of aggregate future undiscounted and unleveraged property operating cash flows, taking into account the anticipated probability-weighted hold period, is less than the carrying value of the property. Various factors are considered in the estimation process, including the anticipated hold period, current and/or future reinvestment projects, and the effects of demand and competition on future operating income and/or property values. Changes in any estimates and/or assumptions, particularly the anticipated hold period, could have a material impact on the projected operating cash flows. If management determines that the carrying value of a real estate asset is impaired, an impairment charge is recognized to reflect the estimated fair value of the asset

When management identifies a real estate asset as held for sale, the Company discontinues depreciating the asset and estimates its sales price, net of estimated selling costs. If the estimated net sales price of an asset is less than its net carrying value, an impairment charge is recognized to reflect the estimated fair value of the asset. Properties classified as real estate held for sale represent properties that are under contract for sale and where the applicable pre-sale due diligence period has expired prior to the end of the reporting period.

Real Estate Under Development and Redevelopment
Certain costs are capitalized related to the development and redevelopment of real estate including pre-construction costs, construction costs, real estate taxes, insurance, utilities, and compensation and other related costs of personnel directly involved. Additionally, the Company capitalizes interest expense related to development and redevelopment activities. Capitalization of these costs begins when the activities and related expenditures commence and ceases when the project is substantially complete and ready for its intended use, at which time the project is placed in service and depreciation commences. Additionally, the Company makes estimates as to the probability of certain development and redevelopment projects being completed. If the Company determines the development or redevelopment is no longer probable of completion, the Company expenses all capitalized costs that are not recoverable.

Deferred Leasing and Financing Costs
Direct costs incurred in executing tenant leases and long-term financings are capitalized and amortized using the straight-line method over the term of the related lease or debt agreement, which approximates the effective interest method. For tenant leases, capitalized costs incurred include tenant improvements, tenant allowances, leasing
commissions, and leasing legal fees. For long-term financings, capitalized costs incurred include bank and legal fees. The amortization of deferred leasing and financing costs is included in Depreciation and amortization and Interest expense, respectively, on the Company’s Consolidated Statements of Operations and in Operating activities on the Company’s Consolidated Statements of Cash Flows.

Marketable Securities
The Company classifies its marketable securities, which are comprised of debt securities, as available-for-sale. These securities are carried at fair value, which is based primarily on publicly traded market values in active markets, and is classified accordingly on the fair value hierarchy.

Any unrealized loss on the Company’s financial instruments must be assessed to determine the portion, if any, that is attributable to credit loss and the portion that is due to other factors, such as changes in market interest rates. “Credit loss” refers to any portion of the carrying amount that the Company does not expect to collect over a financial instrument’s contractual life. The Company considers current market conditions and reasonable forecasts of future market conditions to estimate expected credit losses over the life of the financial instrument. Any portion of unrealized losses due to credit loss is recognized through net income and reported in equity as a component of distributions in excess of net income. The portion of unrealized losses due to other factors is recognized through other comprehensive income (loss) and reported in accumulated other comprehensive income (loss).

Derivative Financial Instruments and Hedging
Derivatives are measured at fair value and are recognized in the Company’s Consolidated Balance Sheets as assets or liabilities, depending on the Company’s rights or obligations under the applicable derivative contract. The accounting for changes in the fair value of a derivative varies based on the intended use of the derivative, whether the Company has elected to designate the derivative in a hedging relationship and apply hedge accounting, and whether the hedging relationship has satisfied the necessary hedge accounting criteria. Derivatives designated as a hedge of the exposure to variability in expected future cash flows are considered cash flow hedges. In a cash flow hedge, hedge accounting generally provides for the matching of the timing of recognition of gain or loss on the hedging instrument with the recognition of the earnings effect of the hedged transaction.

Revenue Recognition and Receivables
The Company enters into agreements with tenants that convey the right to control the use of identified space at its shopping centers in exchange for rental revenue. These agreements meet the criteria for recognition as leases under ASC 842, Leases. Rental revenue is recognized on a straight-line basis over the terms of the related leases. The cumulative difference between rental revenue recognized on the Company’s Consolidated Statements of Operations and contractual payment terms is recognized as deferred rent and included in Receivables, net on the accompanying Consolidated Balance Sheets. The Company commences recognizing rental revenue based on the date it makes the underlying asset available for use by the tenant. Leases also typically provide for the reimbursement of property operating expenses, including common area expenses, utilities, insurance, and real estate taxes, and certain capital expenditures related to the maintenance of our properties, by the lessee and are recognized in the period the applicable expenditures are incurred and/or contractually required to be reimbursed.

The Company accounts for rental revenue (lease component) and common area expense reimbursements (non-lease component) as one lease component under ASC 842. The Company also includes the non-components of its leases, such as the reimbursement of utilities, insurance, real estate taxes, and certain capital expenditures related to the maintenance of our properties, within this lease component. These amounts are included in Rental income on the Company’s Consolidated Statements of Operations.

Certain leases also provide for percentage rents based upon the sales of a lessee. Percentage rents are recognized upon the achievement of certain predetermined sales thresholds and are included in Rental income on the Company’s Consolidated Statements of Operations.

Gains from the sale of depreciated operating properties are generally recognized under the full accrual method, provided that various criteria relating to the terms of the sale and subsequent involvement by the Company with the applicable property are met.
The Company periodically evaluates the collectability of its receivables related to rental revenue, straight-line rent, expense reimbursements, and those attributable to other revenue generating activities. The Company analyzes individual tenant receivables and considers tenant credit-worthiness, the length of time a receivable has been outstanding, and current economic trends when evaluating collectability. Any receivables that are deemed to be uncollectible are recognized as a reduction to Rental income on the Company’s Consolidated Statements of Operations.

Leases
The Company periodically enters into agreements in which it is the lessee, including ground leases for shopping centers that it operates and office leases for administrative space. These agreements meet the criteria for recognition as leases under ASC 842. For these agreements the Company recognizes an operating lease right-of-use ("ROU") asset and an operating lease liability based on the present value of the minimum lease payments over the non-cancelable lease term. As the discount rates implicit in the leases are not readily determinable, the Company uses its incremental secured borrowing rate, based on information available at the commencement date of each lease, to determine the present value of the associated lease payments. The lease terms utilized by the Company may include options to extend or terminate the lease when it is reasonably certain that it will exercise such options. The Company evaluates many factors, including current and future lease cash flows, when determining if an option to extend or terminate should be included in the non-cancelable period. Lease expense for minimum lease payments is recognized on a straight-line basis over the non-cancelable lease term. The Company applies the short-term lease exemption within ASC 842 and has not recorded ROU assets or lease liabilities for leases with original terms of less than 12 months. Leases also typically provide for the reimbursement of property operating expenses, including common area expenses, utilities, insurance, and real estate taxes, and certain capital expenditures related to the maintenance of the properties, by the Company.

For leases where it is the lessee, the Company accounts for lease payments (lease component) and common area expense reimbursements (non-lease component) as one lease component under ASC 842. The Company also includes the non-components of its leases, such as the reimbursement of utilities, insurance, real estate taxes, and certain capital expenditures related to the maintenance of our properties, within this lease component. These amounts are included in Operating expenses on the Company’s Consolidated Statements of Operations.

Stock Based Compensation
The Company accounts for equity awards in accordance with ASC 718, Compensation - Stock Compensation, which requires that all share-based payments to employees and non-employee directors be recognized in the Consolidated Statements of Operations over the service period based on their fair value. Fair value is determined based on the type of award, using either the grant date market price of the Company’s common stock or the results of a Monte Carlo simulation model. Equity compensation expense is included in General and administrative expenses on the Company’s Consolidated Statements of Operations.

Income Taxes
The Parent Company has elected to qualify as a REIT in accordance with the Internal Revenue Code of 1986, as amended (the "Code"). To qualify as a REIT, the Parent Company must meet several organizational and operational requirements, including a requirement that it annually distribute to its stockholders at least 90% of its REIT taxable income, determined without regard to the deduction for dividends paid and excluding net capital gains. Management intends to continue to satisfy these requirements and maintain the Parent Company’s REIT status. As a REIT, the Parent Company generally will not be subject to U.S. federal income tax, provided that distributions to its stockholders equal at least the amount of its REIT taxable income as defined under the Code.

The Parent Company conducts substantially all of its operations through the Operating Partnership, which is organized as a limited partnership and treated as a pass-through entity for U.S. federal tax purposes. Therefore, U.S. federal income taxes do not materially impact the Consolidated Financial Statements of the Company.

If the Parent Company fails to qualify as a REIT in any taxable year, it will be subject to U.S. federal taxes at regular corporate rates and may not be able to qualify as a REIT for the four subsequent taxable years. Even if the Parent Company qualifies for taxation as a REIT, the Parent Company is subject to certain state and local taxes on its income and property, and to U.S. federal income and excise taxes on its undistributed taxable income as well as other income items, as applicable.
The Parent Company has elected to treat certain of its subsidiaries as taxable REIT subsidiaries (each a "TRS"), and the Parent Company may in the future elect to treat newly formed and/or other existing subsidiaries as TRSs. A TRS may participate in non-real estate related activities and/or perform non-customary services for tenants and is subject to certain limitations under the Code. A TRS is subject to U.S. federal, state, and local income taxes at regular corporate rates. Income taxes related to the Parent Company’s TRSs do not materially impact the Consolidated Financial Statements of the Company.

The Company has considered the tax positions taken for the open tax years and has concluded that no provision for income taxes related to uncertain tax positions is required in the Company’s Consolidated Financial Statements as of December 31, 2024 and 2023. Open tax years generally range from 2021 through 2023 but may vary by jurisdiction and issue. The Company recognizes penalties and interest accrued related to unrecognized tax benefits as income tax expense, which is included in Other on the Company’s Consolidated Statements of Operations.

New Accounting Pronouncements
In October 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2023-06 "Disclosure Improvements - Codification Amendments in Response to the SEC's Disclosure Update and Simplification Initiative." ASU 2023-06 modifies the disclosure or presentation requirements of a variety of topics in the ASC. These amendments align many disclosure requirements with those already required by the Securities Exchange Commission (the "SEC") under Regulation S-X or Regulation S-K. The ASC amendments in ASU 2023-06 become effective on the date which the SEC's removal of the related disclosure requirement from Regulation S-X or Regulation S-K becomes effective, with early adoption prohibited. If by June 30, 2027, the SEC has not removed the applicable requirement from Regulation S-X or Regulation S-K, the pending content of the related amendment in ASU 2023-06 will not become effective for any entity. The Company does not expect the adoption of the amendments in ASU 2023-06 will have a material impact on the Consolidated Financial Statements of the Company.

In November 2023, the FASB issued ASU 2023-07, “Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures.” ASU 2023-07 improves disclosures about a public entity's reportable segments and addresses requests from investors for additional, more detailed information about a reportable segment's expenses. The provisions in this amendment are applicable to public entities with a single reportable segment. The standard became effective for the Company's annual reporting on January 1, 2024 and interim reporting beginning on January 1, 2025. With the exception of additional footnote disclosure regarding significant expense categories reviewed by the Chief Operating Decision Maker ("CODM"), the Company determined that the adoption of ASU 2023-07 did not have a material impact on the Consolidated Financial Statements of the Company.

In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740) - Improvements to Income Tax Disclosures.” ASU 2023-09 addresses investor requests for more transparency about income tax information through improvements to income tax disclosure primarily related to the rate reconciliation and income taxes paid information. The standard is effective for annual periods beginning after December 15, 2024, with early adoption permitted. The Company continues to evaluate the impact of the guidance, but does not expect the adoption of ASU 2023-09 will have a material impact on the Consolidated Financial Statements of the Company.

In November 2024, the FASB issued ASU 2024-03, “Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40).” ASU 2024-03 addresses investor feedback for disclosure of disaggregated financial reporting information and more detailed information about expenses. Investors specifically requested more granular information about cost of sales and selling, general, and administrative expenses and employee compensation costs. The standard is effective for annual periods beginning after December 15, 2026 and interim periods beginning after December 15, 2027, with early adoption permitted. The Company continues to evaluate the impact of ASU 2024-03 on the Consolidated Financial Statements of the Company.

Any other recently issued accounting standards or pronouncements have been excluded as they either are not relevant to the Company or they are not expected to have a material impact on the Consolidated Financial Statements of the Company.
v3.25.0.1
Acquisition of Real Estate
 12 Months Ended
Dec. 31, 2024
Real Estate [Abstract]  
Acquisition of Real Estate Acquisition of Real Estate
During the year ended December 31, 2024, the Company acquired the following assets, in separate transactions:
Description(1)
LocationMonth AcquiredGLA
Aggregate Purchase Price(2)
West CenterEast Setauket, NYApr-2442,594 $17,470 
The Fresh Market ShoppesHilton Head Island, SCJul-2486,398 23,848 
Land at King's MarketRoswell, GAJul-24N/A2,337 
Acton PlazaActon, MAAug-24137,572 38,207 
Huron VillageAnn Arbor, MINov-24118,482 29,503 
Land at Arborland CenterAnn Arbor, MINov-24N/A48 
Britton PlazaTampa, FLNov-24465,639 60,888 
The Plaza at Buckland Hills (3)
Manchester, CTDec-24308,192 67,681 
North Ridge Shopping Center (3)
Raleigh, NCDec-24171,372 53,788 
1,330,249 $293,770 
(1)No debt was assumed related to any of the listed acquisitions.
(2)Aggregate purchase price includes $3.3 million of transaction costs, offset by $2.5 million of closing credits.
(3)The Company acquired these properties in a single transaction.

During the year ended December 31, 2023, the Company acquired the following assets, in separate transactions:
Description(1)
LocationMonth AcquiredGLA
Aggregate Purchase Price(2)
Land at Aurora Plaza(3)
Aurora, COApr-23N/A$1,914 
Paradise Pavilion - Land ParcelWest Bend, WINov-23N/A355 
— $2,269 
(1)No debt was assumed related to any of the listed acquisitions.
(2)Aggregate purchase price includes $0.2 million of transaction costs, offset by $0.1 million of closing credits.
(3)The Company terminated a ground lease and acquired the associated land parcel

The aggregate purchase price of the assets acquired during the years ended December 31, 2024 and 2023, respectively, has been allocated as follows:
Year Ended December 31,
Assets20242023
Land$73,347 $2,269 
Buildings178,815 — 
Building and tenant improvements10,474 — 
Above-market leases(1)
1,001 — 
In-place leases(2)
79,947 — 
Total assets343,584 2,269 
Liabilities
Below-market leases(3)
$49,814 $— 
Total liabilities49,814 — 
Net assets acquired$293,770 $2,269 
(1)The weighted average amortization period at the time of acquisition for above-market leases related to assets acquired during the year ended December 31, 2024 was 6.5 years.
(2)The weighted average amortization period at the time of acquisition for in-place leases related to assets acquired during the year ended December 31, 2024 was 6.2 years.
(3)The weighted average amortization period at the time of acquisition for below-market leases related to assets acquired during the year ended December 31, 2024 was 25.5 years.
v3.25.0.1
Dispositions and Assets Held for Sale
 12 Months Ended
Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Dispositions and Assets Held for Sale Dispositions and Assets Held for Sale
During the year ended December 31, 2024, the Company disposed of six shopping centers, six partial shopping centers, and two land parcels for aggregate net proceeds of $208.2 million, resulting in aggregate gain of $76.2 million and aggregate impairment of $0.5 million. In addition, during the year ended December 31, 2024, the
Company received aggregate net proceeds of $1.9 million related to land at one shopping center previously seized through eminent domain and resolved contingencies related to previously disposed assets, resulting in aggregate gain of $1.9 million.

During the year ended December 31, 2023, the Company disposed of 11 shopping centers and nine partial shopping centers for aggregate net proceeds of $182.0 million, resulting in aggregate gain of $65.3 million and aggregate impairment of $6.1 million. In addition, during the year ended December 31, 2023, the Company disposed of a non-operating asset and resolved contingencies related to previously disposed assets for aggregate net proceeds of $0.3 million, resulting in aggregate gain of $0.1 million.

As of December 31, 2024, the Company had two properties held for sale. As of December 31, 2023, the Company had no properties held for sale. There were no liabilities associated with the properties classified as held for sale. The following table presents the assets associated with the properties classified as held for sale:
AssetsDecember 31, 2024December 31, 2023
Land$1,280 $— 
Buildings and improvements4,520 — 
Accumulated depreciation and amortization(1,658)— 
Real estate, net4,142 — 
Other assets47 — 
Assets associated with real estate assets held for sale$4,189 $— 

There were no discontinued operations for the years ended December 31, 2024, 2023, and 2022 as none of the dispositions represented a strategic shift in the Company’s business that would qualify as discontinued operations.
v3.25.0.1
Real Estate
 12 Months Ended
Dec. 31, 2024
Real Estate [Abstract]  
Real Estate Real Estate
The Company’s components of Real estate, net consisted of the following:
December 31, 2024December 31, 2023
Land$1,834,814 $1,794,011 
Buildings and improvements:
Buildings and tenant improvements9,047,831 8,696,881 
Lease intangibles(1)
526,412 504,995 
11,409,057 10,995,887 
Accumulated depreciation and amortization(2)
(3,410,179)(3,198,980)
Total$7,998,878 $7,796,907 
(1)As of December 31, 2024 and 2023, Lease intangibles consisted of $482.7 million and $456.8 million, respectively, of in-place leases and $43.8 million and $48.2 million, respectively, of above-market leases. These intangible assets are amortized over the term of each related lease.
(2)As of December 31, 2024 and 2023, Accumulated depreciation and amortization included $433.0 million and $445.5 million, respectively, of accumulated amortization related to Lease intangibles.

In addition, as of December 31, 2024 and 2023, the Company had intangible liabilities relating to below-market leases of $366.5 million and $329.8 million, respectively, and accumulated accretion of $246.3 million and $247.2 million, respectively. These intangible liabilities are included in Accounts payable, accrued expenses and other liabilities on the Company’s Consolidated Balance Sheets.
Below-market lease accretion income, net of above-market lease amortization for the years ended December 31, 2024, 2023, and 2022 was $11.2 million, $12.8 million, and $12.2 million, respectively. These amounts are included in Rental income on the Company’s Consolidated Statements of Operations. Amortization expense associated with in-place lease value for the years ended December 31, 2024, 2023, and 2022 was $14.7 million, $16.5 million, and $18.9 million, respectively. These amounts are included in Depreciation and amortization on the Company’s Consolidated Statements of Operations. The Company’s estimated below-market lease accretion income, net of above-market lease amortization expense, and in-place lease amortization expense for the next five years are as follows:
Year ending December 31,
Below-market lease accretion (income), net of above-market lease amortization expense
In-place lease amortization expense
2025$(12,270)$22,687 
2026(10,538)16,101 
2027(9,268)12,061 
2028(8,649)9,115 
2029(7,367)6,167 
v3.25.0.1
Impairments
 12 Months Ended
Dec. 31, 2024
Impairment of Real Estate [Abstract]  
Impairments Impairments
Management periodically assesses whether there are any indicators, including property operating performance, changes in anticipated hold period, and general market conditions, that the carrying value of the Company’s real estate assets (including any related intangible assets or liabilities) may be impaired. If management determines that the carrying value of a real estate asset is impaired, an impairment charge is recognized to reflect the estimated fair value.

The Company recognized the following impairments during the year ended December 31, 2024:
Year Ended December 31, 2024
Property Name(1)
LocationGLAImpairment Charge
Southland Shopping Center - multi-tenant outparcelMiddleburg Heights, OH149,891 $5,611 
Seacoast Shopping CenterSeabrook, NH89,634 5,062 
Land at Springdale(2)
Mobile, AL— 252 
Victory Square - Bridgestone Outparcel(2)
Savannah, GA6,702 218 
246,227 $11,143 
(1)The Company recognized impairment charges based upon changes in the anticipated hold periods of these properties and/or offers from third-party buyers primarily in connection with the Company’s capital recycling program.
(2)The Company disposed of this property during the year ended December 31, 2024.

The Company recognized the following impairments during the year ended December 31, 2023:
Year Ended December 31, 2023
Property Name(1)
LocationGLAImpairment Charge
The Quentin CollectionKildeer, IL171,530 $11,705 
Broadway Faire - Theater Box(2)
Fresno, CA39,983 2,102 
Elk Grove Town Center(2)
Elk Grove Village, IL47,704 1,796 
The Manchester Collection - Crossroads(2)
Manchester, CT14,867 1,155 
Spring Mall(2)
Greenfield, WI45,920 1,078 
320,004 $17,836 
(1)The Company recognized impairment charges based upon changes in the anticipated hold periods of these properties and/or offers from third-party buyers primarily in connection with the Company’s capital recycling program.
(2)The Company disposed of this property during the year ended December 31, 2023.
The Company recognized the following impairments during the year ended December 31, 2022:
Year Ended December 31, 2022
Property Name(1)
LocationGLAImpairment Charge
Torrington Plaza (2)
Torrington, CT125,496 $3,509 
Park Hills Plaza - Excluding Outparcels (2)
Altoona, PA238,829 1,127 
New Garden Center (2)
Kennett Square, PA147,370 1,088 
511,695 $5,724 
(1)The Company recognized impairment charges based upon changes in the anticipated hold periods of these properties and/or offers from third-party buyers primarily in connection with the Company’s capital recycling program.
(2)The Company disposed of this property during the year ended December 31, 2022.

The Company can provide no assurance that material impairment charges with respect to its Portfolio will not occur in future periods. See Note 3 for additional information regarding impairment charges taken in connection with the Company’s dispositions. See Note 8 for additional information regarding the fair value of operating properties that have been impaired.
v3.25.0.1
Financial Instruments - Derivatives and Hedging
 12 Months Ended
Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Financial Instruments - Derivatives and Hedging Financial Instruments – Derivatives and Hedging
The Company’s use of derivative instruments is intended to manage its exposure to interest rate movements and such instruments are not utilized for speculative purposes. In certain situations, the Company may enter into derivative financial instruments such as interest rate swap agreements and interest rate cap agreements that result in the receipt and/or payment of future known and uncertain cash amounts, the value of which are determined by market interest rates.

Cash Flow Hedges of Interest Rate Risk
Interest rate swaps designated as cash flow hedges involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchanging the underlying notional amount. The Company utilizes interest rate swaps to partially hedge the cash flows associated with variable-rate debt or future cash flows associated with forecasted fixed-rate debt issuances. During the year ended December 31, 2024, the Company did not enter into any new interest rate swap agreements, terminated three outstanding interest rate swap agreements, and four interest rate swap agreements expired at maturity. During the year ended December 31, 2023, the Company entered into 10 new interest rate swap agreements. The Company has elected to present its interest rate derivatives on its Consolidated Balance Sheets on a gross basis as interest rate swap assets and interest rate swap liabilities. The gross derivative assets are included in Other assets and the gross derivative liabilities are included in Accounts payable, accrued expenses and other liabilities on the Company’s Consolidated Balance Sheets.

In May 2024, the Company terminated three outstanding forward-starting interest rate swaps with an aggregate notional amount of $150.0 million for aggregate net proceeds of $7.3 million. The forward-starting swaps were designated as hedges against interest rate risk on the issuance of the 2034 Notes (defined hereafter) and the 2035 Notes (defined hereafter), and thus the Company ascribed gains of $1.5 million and $5.8 million, respectively, to the notes. The gains are included in Accumulated other comprehensive income (loss) on the Company's Consolidated Balance Sheets and will be amortized over the earlier of the term of the respective derivative instruments, or the term of the underlying notes, as a reduction to Interest expense on the Company’s Consolidated Statements of Operations.
Detail on the terms and fair value of the Company’s interest rate derivatives designated as cash flow hedges outstanding as of December 31, 2024 is as follows:
Fair Value
Effective DateMaturity DateSwapped Variable RateFixed RateNotional AmountAssetsLiabilities
5/1/20237/26/20271 Month Secured Overnight Financing Rate ("SOFR")3.5890 %$100,000 $993 $— 
5/1/20237/26/20271 Month SOFR3.5950 %75,000 735 — 
5/1/20237/26/20271 Month SOFR3.5930 %25,000 246 — 
7/26/20247/26/20271 Month SOFR4.0767 %100,000 — (199)
7/26/20247/26/20271 Month SOFR4.0770 %100,000 — (199)
7/26/20247/26/20271 Month SOFR4.0767 %50,000 — (100)
7/26/20247/26/20271 Month SOFR4.0770 %50,000 — (100)
$500,000 $1,974 $(598)

Detail on the terms and fair value of the Company’s interest rate derivatives designated as cash flow hedges outstanding as of December 31, 2023 is as follows:
Fair Value
Effective DateMaturity DateSwapped Variable RateFixed RateNotional AmountAssetsLiabilities
6/1/20227/26/2024
1 Month SOFR(1)
2.5875 %$50,000 $710 $— 
6/1/20227/26/2024
1 Month SOFR(1)
2.5960 %50,000 707 — 
6/1/20227/26/2024
1 Month SOFR(1)
2.5860 %100,000 1,421 — 
6/1/20227/26/2024
1 Month SOFR(1)
2.5850 %100,000 1,421 — 
5/1/20237/26/2027
1 Month SOFR(2)
3.5890 %100,000 59 — 
5/1/20237/26/2027
1 Month SOFR(2)
3.5950 %75,000 34 — 
5/1/20237/26/2027
1 Month SOFR(2)
3.5930 %25,000 12 — 
7/26/20247/26/2027
1 Month SOFR(3)
4.0767 %100,000 — (2,073)
7/26/20247/26/2027
1 Month SOFR(3)
4.0770 %100,000 — (2,077)
7/26/20247/26/2027
1 Month SOFR(3)
4.0767 %50,000 — (1,038)
7/26/20247/26/2027
1 Month SOFR(3)
4.0770 %50,000 — (1,039)
6/14/20246/14/2034
Compound SOFR(4)
3.4400 %100,000 — (437)
6/14/20246/14/2034
Compound SOFR(4)
3.4370 %25,000 — (104)
6/14/20246/14/2034
Compound SOFR(4)
3.4400 %25,000 — (109)
$950,000 $4,364 $(6,877)
(1)Swapped variable rate includes a SOFR adjustment of 10 basis points.
(2)In April 2023, the Company entered into three interest rate swap agreements with an aggregate notional amount of $200.0 million. The interest rate swap agreements were designated as cash flow hedges that effectively fix the SOFR component of the interest rate on a portion of the outstanding debt under the Term Loan Facility (defined hereafter) at 3.59%.
(3)In November 2023, the Company entered into four forward-starting interest rate swap agreements with an aggregate notional amount of $300.0 million. The forward-starting interest rate swap agreements were designated as cash flow hedges that effectively fix the SOFR component of the interest rate on a portion of the outstanding debt under the Term Loan Facility at 4.08% beginning on the effective date.
(4)In December 2023, the Company entered into three forward-starting interest rate swap agreements with an aggregate notional amount of $150.0 million to hedge against changes in future cash flows resulting from changes in interest rates from the trade date through the forecasted issuance date of $150.0 million of long-term debt. The Company hedged its exposure to the variability in future cash flows for a forecasted issuance of long-term debt over a maximum period ending June 2026. The forward-starting interest rate swaps were designated as cash flow hedges.

All of the Company’s outstanding interest rate swap agreements for the periods presented were designated as cash flow hedges of interest rate risk. The fair value of the Company’s interest rate derivatives is determined using market standard valuation techniques, including discounted cash flow analyses, on the expected cash flows of each derivative. These analyses reflect the contractual terms of the derivative, including the period to maturity, and use observable market-based inputs, including interest rate curves and implied volatility. These inputs are classified as Level 2 of the fair value hierarchy. The effective portion of changes in the fair value of derivatives designated as cash flow hedges is recognized in Other comprehensive income (loss) and is reclassified into earnings as interest expense in the period that the hedged transaction affects earnings.
The effective portion of the Company’s interest rate swaps that was recognized on the Company’s Consolidated Statements of Comprehensive Income for the years ended December 31, 2024, 2023, and 2022 is as follows:
Derivatives in Cash Flow Hedging Relationships
(Interest Rate Swaps)		Year Ended December 31,
202420232022
Change in unrealized gain (loss) on interest rate swaps$20,425 $(2,204)$19,602 
Amortization (accretion) of interest rate swaps to interest expense(9,728)(9,949)2,624 
Change in unrealized gain (loss) on interest rate swaps, net$10,697 $(12,153)$22,226 

The Company estimates that $1.8 million will be reclassified from Accumulated other comprehensive income (loss) as a decrease to interest expense over the next twelve months. No gain or loss was recognized related to hedge ineffectiveness or to amounts excluded from effectiveness testing on the Company’s cash flow hedges during the years ended December 31, 2024, 2023, and 2022.

Non-Designated (Mark-to-Market) Hedges of Interest Rate Risk
The Company does not use derivatives for trading or speculative purposes. As of December 31, 2024 and 2023, the Company did not have any non-designated hedges.

Credit-risk-related Contingent Features
The Company has agreements with its derivative counterparties that contain provisions whereby if the Company defaults on certain of its indebtedness and the indebtedness has been accelerated by the lender, then the Company could also be declared in default on its derivative obligations. If the Company were to be declared in default on its derivative contracts, it would be required to settle its obligations under such agreements at their termination value, including accrued interest.
v3.25.0.1
Debt Obligations
 12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Debt Obligations Debt Obligations
As of December 31, 2024 and 2023, the Company had the following indebtedness outstanding:
Carrying Value as of
December 31,
2024		December 31,
2023
Stated
Interest
Rate(1)
Scheduled
Maturity
Date
Notes payable
Unsecured notes(2)
$4,850,765 $4,418,805 
2.25% – 7.97%
2025 – 2035
Net unamortized premium14,279 20,974 
Net unamortized debt issuance costs(20,718)(17,680)
Total notes payable, net
$4,844,326 $4,422,099 
Unsecured Credit Facility
Revolving Facility(3)
$— $18,500 5.42%2026
Term Loan Facility(3)(4)(5)
500,000 500,000 5.58%2027
Net unamortized debt issuance costs
(4,575)(7,074)
Total Unsecured Credit Facility and term loans
$495,425 $511,426 
Total debt obligations, net
$5,339,751 $4,933,525 
(1)Stated interest rates as of December 31, 2024 do not include the impact of the Company’s interest rate swap agreements (described below).
(2)The weighted average stated interest rate on the Company’s unsecured notes was 4.01% as of December 31, 2024.
(3)The Company's Revolving Facility (defined hereafter) and Term Loan Facility (defined hereafter) include a sustainability metric incentive, which can reduce the applicable credit spread by up to two basis points. Effective July 8, 2024, the Term Loan Facility and Revolving Credit Facility qualify for a two basis point rate reduction due to the achievement of certain sustainability metric targets for the year ended December 31, 2023.
(4)Effective July 26, 2024, the Company has in place four interest rate swap agreements that convert the variable interest rate on $300.0 million outstanding under the Term Loan Facility to a fixed, combined interest rate of 4.08% (plus a spread of 93 basis points and a SOFR adjustment of 10 basis points) through the maturity of the Term Loan Facility on July 27, 2027.
(5)Effective May 1, 2023, the Company has in place three interest rate swap agreements that convert the variable interest rate on $200.0 million outstanding under the Term Loan Facility to a fixed, combined interest rate of 3.59% (plus a spread of 93 basis points and a SOFR adjustment of 10 basis points) through the maturity of the Term Loan Facility on July 27, 2027.
2024 Debt Transactions
The Operating Partnership has an unsecured credit facility as amended and restated on April 28, 2022 (the "Unsecured Credit Facility"), which is comprised of a $1.25 billion revolving loan facility (the "Revolving Facility") and a $500.0 million term loan (the "Term Loan Facility"). During the year ended December 31, 2024, the Operating Partnership repaid $18.5 million, net of borrowings, under its $1.25 billion Revolving Facility, with proceeds from dispositions and the issuance of the 2034 Notes.

During the year ended December 31, 2024, the Operating Partnership repaid $300.4 million principal amount of the outstanding 3.650% Senior Notes due 2024 (the "2024 Notes"), representing all of the outstanding 2024 Notes, and $67.7 million principal amount of the 3.850% Senior Notes due 2025 (the "2025 Notes"). The Operating Partnership funded the 2024 Notes and 2025 Notes repayments with proceeds from the issuance of the 2034 Notes, 2035 Notes, and dispositions. In connection with the repayment of the 2025 Notes, the Company recognized a $0.6 million gain on extinguishment of debt during the year ended December 31, 2024.

On January 12, 2024, the Operating Partnership issued $400.0 million aggregate principal amount of 5.500% Senior Notes due 2034 (the "2034 Notes") at 99.816% of par. The Operating Partnership intends to use the remaining net proceeds for general corporate purposes, including the repayment of indebtedness. The 2034 Notes bear interest at a rate of 5.500% per annum, payable semi-annually on February 15 and August 15 of each year, commencing August 15, 2024. The 2034 Notes will mature on February 15, 2034.

On May 28, 2024, the Operating Partnership issued $400.0 million aggregate principal amount of 5.750% Senior Notes due 2035 (the "2035 Notes") at 99.222% of par. The Operating Partnership intends to use the remaining net proceeds for general corporate purposes, including the repayment of indebtedness. The 2035 Notes bear interest at a rate of 5.750% per annum, payable semi-annually on February 15 and August 15 of each year, commencing August 15, 2024. The 2035 Notes will mature on February 15, 2035.

Pursuant to the terms of the Company’s unsecured debt agreements, the Company, among other things, is subject to the maintenance of various financial covenants. The Company was in compliance with these covenants as of December 31, 2024.

Debt Maturities
As of December 31, 2024 and 2023, the Company had accrued interest of $62.8 million and $47.1 million outstanding, respectively. As of December 31, 2024, scheduled maturities of the Company’s outstanding debt obligations were as follows:
Year ending December 31,
2025$632,312 
2026607,542 
2027900,000 
2028357,708 
2029753,203 
Thereafter2,100,000 
Total debt maturities5,350,765 
Net unamortized premium
14,279 
Net unamortized debt issuance costs
(25,293)
Total debt obligations, net$5,339,751 
As of the date the financial statements were issued, the Company did not have any scheduled debt maturities for the next 12 months.
v3.25.0.1
Fair Value Disclosures
 12 Months Ended
Dec. 31, 2024
Fair Value Disclosures [Abstract]  
Fair Value Disclosures Fair Value Disclosures
All financial instruments of the Company are reflected in the accompanying Consolidated Balance Sheets at amounts which, in management’s judgment, reasonably approximate their fair values, except those instruments listed below:
December 31, 2024December 31, 2023
Carrying
Amounts		Fair
Value		Carrying
Amounts		Fair
Value
Notes payable$4,844,326 $4,653,205 $4,422,099 $4,155,332 
Unsecured Credit Facility495,425 500,000 511,426 518,500 
Total debt obligations, net$5,339,751 $5,153,205 $4,933,525 $4,673,832 

As a basis for considering market participant assumptions in fair value measurements, a fair value hierarchy is included in GAAP that distinguishes between market participant assumptions based on market data obtained from sources independent of the reporting entity (observable inputs that are classified within Levels 1 and 2 of the hierarchy) and the reporting entity’s own assumptions about market participant assumptions (unobservable inputs that are classified within Level 3 of the hierarchy).

In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability.

Based on the above criteria, the Company has determined that the valuations of its debt obligations are classified within Level 3 of the fair value hierarchy. Such fair value estimates are not necessarily indicative of the amounts that would be realized upon disposition.

Recurring Fair Value
The Company’s marketable securities and interest rate derivatives are measured and recognized at fair value on a recurring basis. The valuations of the Company’s marketable securities are based primarily on publicly traded market values in active markets and are classified within Levels 1 and 2 of the fair value hierarchy. See Note 6 for fair value information regarding the Company’s interest rate derivatives.
The following table presents the placement in the fair value hierarchy of assets and liabilities that are measured and recognized at fair value on a recurring basis:
Fair Value Measurements as of December 31, 2024
BalanceQuoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)
Assets:
Marketable securities(1)
$20,301 $1,193 $19,108 $— 
Interest rate derivatives$1,974 $— $1,974 $— 
Liabilities:
Interest rate derivatives$(598)$— $(598)$— 
Fair Value Measurements as of December 31, 2023
BalanceQuoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)
Assets:
Marketable securities(1)
$19,914 $656 $19,258 $— 
Interest rate derivatives$4,364 $— $4,364 $— 
Liabilities:
Interest rate derivatives$(6,877)$— $(6,877)$— 
(1)As of December 31, 2024 and 2023, marketable securities included less than $0.1 million and $(0.2) million of net unrealized gains (losses), respectively. As of December 31, 2024, the contractual maturities of the Company’s marketable securities were within the next five years.

Non-Recurring Fair Value
Management periodically assesses whether there are any indicators, including property operating performance, changes in anticipated hold period, and general market conditions, that the carrying value of the Company’s real estate assets (including any related intangible assets or liabilities) may be impaired. Fair value is determined by offers from third-party buyers, market comparable data, third-party appraisals, or discounted cash flow analyses. The cash flows utilized in such analyses are comprised of unobservable inputs that include forecasted rental revenue and expenses based upon market conditions and future expectations. The capitalization rates and discount rates utilized in such analyses are based upon unobservable rates that the Company believes to be within a reasonable range of current market rates for the respective properties. Based on these inputs, the Company has determined that the valuations of these properties are classified within Level 3 of the fair value hierarchy.
The following table presents the placement in the fair value hierarchy of assets and liabilities that are measured and recognized at fair value on a non-recurring basis. The table includes information related to properties that were remeasured to fair value as a result of impairment testing during the years ended December 31, 2024 and 2023, excluding the properties sold prior to December 31, 2024 or December 31, 2023, respectively:

Fair Value Measurements as of December 31, 2024
BalanceQuoted Prices in Active Markets for Identical Assets
(Level 1)		Significant Other Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)		Impairment of Real Estate Assets
Assets:
Properties(1)(2)(3)
$6,548 $— $— $6,548 $10,673 
Fair Value Measurements as of December 31, 2023
BalanceQuoted Prices in Active Markets for Identical Assets
(Level 1)		Significant Other Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)		Impairment of Real Estate Assets
Assets:
Properties(4)(5)
$14,987 $— $— $14,987 $11,705 
(1)Excludes properties disposed of prior to December 31, 2024.
(2)The carrying value of Seacoast Shopping Center, which was remeasured to fair value based on an income approach valuation using the direct capitalization method during the year ended December 31, 2024, is $5.7 million. The capitalization rate of 8.00% utilized in the analysis was based upon unobservable inputs that the Company believes to be within a reasonable range of current market rates for the property.
(3)The carrying value of Southland Shopping Center - multi-tenant outparcel, which was remeasured to fair value based upon offers from third-party buyers during the year ended December 31, 2024 is $0.8 million.
(4)Excludes properties disposed of prior to December 31, 2023.
(5)The carrying value of The Quentin Collection, which was remeasured to fair value based on an income approach valuation using the direct capitalization method during the year ended December 31, 2023, is $15.0 million. The capitalization rate of 8.75% utilized in the analysis was based upon unobservable inputs that the Company believes to be within a reasonable range of current market rates for the property.
v3.25.0.1
Revenue Recognition
 12 Months Ended
Dec. 31, 2024
Revenue Recognition [Abstract]  
Revenue Recognition Revenue Recognition
The Company engages in the ownership, management, leasing, acquisition, disposition, and redevelopment of retail shopping centers. Revenue is primarily generated through lease agreements and classified as Rental income on the Company’s Consolidated Statements of Operations. These agreements include retail shopping center unit leases; ground leases; ancillary leases or agreements, such as agreements with tenants for cellular towers, ATMs, and short-term or seasonal retail (e.g. Halloween or Christmas-related retail); and reciprocal easement agreements. The agreements range in term from less than one year to 25 or more years, with certain agreements containing renewal options. These renewal options range from as little as one month to five or more years. The Company’s retail shopping center leases generally require tenants to pay a portion of property operating expenses such as common area expenses, utilities, insurance, and real estate taxes, and certain capital expenditures related to the maintenance of the Company’s properties.
As of December 31, 2024, the fixed contractual lease payments to be received over the next five years pursuant to the terms of non-cancelable operating leases are included in the table below, assuming that no leases are renewed and no renewal options are exercised. The table below includes payments from tenants who have taken possession of their space and tenants who have been moved to the cash basis of accounting for revenue recognition purposes. The table does not include variable lease payments that may be received under certain leases for the reimbursement of property operating expenses or certain capital expenditures related to the maintenance of the Company’s properties, or percentage rents. These variable lease payments are recognized, in the case of reimbursements, in the period when the applicable expenditures are incurred and/or contractually required to be reimbursed or, in the case of percentage rents, upon the achievement of certain predetermined sales thresholds.
Year ending December 31,Operating Leases
2025$966,900 
2026889,231 
2027765,789 
2028643,018 
2029513,062 
Thereafter1,701,837 

The Company recognized $9.7 million, $9.3 million, and $9.0 million of Rental income based on percentage rents for the years ended December 31, 2024, 2023, and 2022, respectively. These amounts are included in Rental income on the Company’s Consolidated Statements of Operations. As of December 31, 2024 and 2023, receivables associated with the effects of recognizing rental income on a straight-line basis were $208.8 million and $180.8 million, respectively.
v3.25.0.1
Leases
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Leases Leases
The Company periodically enters into agreements in which it is the lessee, including ground leases for shopping centers that it operates and office leases for administrative space. The agreements range in term from less than one year to 50 or more years, with certain agreements containing renewal options for up to an additional 100 years. Upon lease execution, the Company recognizes an operating lease ROU asset and an operating lease liability based on the present value of the minimum lease payments over the non-cancelable lease term. As of December 31, 2024 the Company is not including any prospective renewal or termination options in its ROU assets or lease liabilities, as the exercise of such options is not reasonably certain. Certain agreements require the Company to pay a portion of property operating expenses, such as common area expenses, utilities, insurance, and real estate taxes, and certain capital expenditures related to the maintenance of the properties. These payments are not included in the calculation of the ROU asset or lease liability and are presented as variable lease costs. The following tables present additional information pertaining to the Company’s operating leases:
Year Ended December 31,
Supplemental Statements of Operations Information202420232022
Operating lease costs$2,499 $5,645 $5,937 
Variable lease costs394 468 207 
Total lease costs$2,893 $6,113 $6,144 
Year Ended December 31,
Supplemental Statements of Cash Flows Information202420232022
Operating cash outflows from operating leases$5,778 $6,017 $6,145 
ROU assets obtained in exchange for operating lease liabilities13,984 711 10,708 
ROU assets reduction due to dispositions, held for sale, and lease modifications(6,581)(144)(171)
Operating Lease LiabilitiesAs of
December 31, 2024
Future minimum operating lease payments:
2025$6,211 
20265,391 
20273,513 
20282,672 
20292,595 
Thereafter98,749 
Total future minimum operating lease payments119,131 
Less: imputed interest(77,664)
Operating lease liabilities$41,467 
As of December 31,
Supplemental Balance Sheets Information20242023
Operating lease liabilities(1)(2)
$41,467 $36,105 
ROU assets(1)(3)
38,784 32,350 
(1)As of December 31, 2024 and 2023, the weighted average remaining lease term was 28.7 years and 16.0 years, respectively, and the weighted average discount rate was 6.28% and 4.48%, respectively.
(2)These amounts are included in Accounts payable, accrued expenses and other liabilities on the Company’s Consolidated Balance Sheets.
(3)These amounts are included in Other assets on the Company’s Consolidated Balance Sheets.

As of December 31, 2024, there were no material leases that have been executed but not yet commenced.
v3.25.0.1
Equity and Capital
 12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Equity and Capital Equity and Capital
ATM Program
In November 2022, the Company renewed its at-the-market equity offering program (the "ATM Program") through which the Company may sell, from time to time, up to an aggregate of $400.0 million of its common stock through sales agents. The ATM Program also provides that the Company may enter into forward contracts for shares of its common stock with forward sellers and forward purchasers. The ATM Program is scheduled to expire on November 1, 2025, unless earlier terminated or extended by the Company, sales agents, forward sellers, and forward purchasers. The ATM Program replaced the Company's prior at-the-market equity offering program (the "Prior ATM Program"), which was scheduled to expire on January 9, 2023. During the year ended December 31, 2024, the Company issued 4.1 million shares of common stock under the ATM Program at an average price per share of $28.62 for total gross proceeds of $116.6 million, excluding commissions and fees of $2.0 million. During the year ended December 31, 2023, the Company did not issue any shares of common stock under the ATM Program. During the year ended December 31, 2022, the Company issued 2.1 million shares of common stock under the Prior ATM Program at an average price per share of $25.40 for total gross proceeds of $53.9 million, excluding commissions and fees of $0.8 million. As of December 31, 2024, $283.4 million of common stock remained available for issuance under the ATM Program.

Share Repurchase Program
In November 2022, the Company renewed its share repurchase program (the "Repurchase Program") for up to $400.0 million of its common stock. The Repurchase Program is scheduled to expire on November 1, 2025, unless suspended or extended by the Company's board of directors. The Repurchase Program replaced the Company’s prior share repurchase program (the "Prior Repurchase Program"), which was scheduled to expire on January 9, 2023. During the years ended December 31, 2024, 2023, and 2022, the Company did not repurchase any shares of common stock. As of December 31, 2024, the Repurchase Program had $400.0 million of available repurchase capacity.

Common Stock
In connection with the vesting of restricted stock units ("RSUs") under the Company’s equity-based compensation plan, the Company withholds shares to satisfy tax withholding obligations. During the years ended December 31, 2024 and 2023, the Company withheld 0.6 million and 0.5 million shares of its common stock, respectively.

Dividends and Distributions
Because Brixmor Property Group Inc. is a holding company and has no material assets other than its ownership of BPG Sub, through which it owns the Operating Partnership, and no material operations other than those conducted by the Operating Partnership, distributions are funded as follows:

•first, the Operating Partnership makes distributions to its partners that are holders of OP Units, including BPG Sub;
•second, BPG Sub distributes to Brixmor Property Group Inc. its share of such distributions; and
•third, Brixmor Property Group Inc. distributes the amount authorized by the Company's board of directors and declared by Brixmor Property Group Inc. to its common stockholders on a pro rata basis.

During the years ended December 31, 2024, 2023, and 2022, the Company's board of directors declared common stock dividends and OP Unit distributions of $1.1050 per share/unit, $1.0525 per share/unit, and $0.9800 per share/unit, respectively. As of December 31, 2024 and 2023, the Company had declared but unpaid common stock dividends and OP Unit distributions of $91.8 million and $85.7 million, respectively. These amounts are included in Accounts payable, accrued expenses and other liabilities on the Company’s Consolidated Balance Sheets.

Non-controlling interests
During the year ended December 31, 2024, the Company completed the acquisition of 100% of the common equity in entities owning North Ridge Shopping Center and The Plaza at Buckland Hills. The acquired entities have issued and outstanding $0.2 million of redeemable preferred equity, which the Company did not acquire and are reflected within Non-controlling interests on the Company’s Consolidated Balance Sheets.
v3.25.0.1
Stock Based Compensation
 12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Stock Based Compensation Stock Based Compensation
In February 2022, the Company's board of directors approved the 2022 Omnibus Incentive Plan (the “Plan”) and in April 2022, the Company's stockholders approved the Plan. The Plan provides for a maximum of 10.0 million shares of the Company’s common stock to be issued for qualified and non-qualified options, stock appreciation rights, restricted stock, RSUs, OP Units, performance awards, and other stock-based awards. Prior to the approval of the Plan, awards were issued under the 2013 Omnibus Incentive Plan that the Company's board of directors approved in 2013.

During the years ended December 31, 2024, 2023, and 2022, the Company granted RSUs to certain employees. The RSUs are divided into multiple tranches, which are all subject to service-based vesting conditions. Certain tranches are also subject to performance-based criteria or market-based criteria, which contain a threshold, target, above target, and maximum number of units that can be earned. The number of units actually earned for each tranche is determined based on performance during a specified performance period. Tranches that only have a service-based component can only earn a target number of units. The aggregate number of RSUs granted, assuming the achievement of target level performance, was 0.8 million, 0.7 million, and 0.7 million for the years ended December 31, 2024, 2023, and 2022, respectively, with vesting periods ranging from one to five years. For the service-based and performance-based RSU's granted, fair value is based on the Company’s grant date stock price or the grant date stock price adjusted for dividend or dividend equivalent rights, when applicable. For the market-based RSUs granted, fair value is based on a Monte Carlo simulation model that assesses the probability of satisfying the market performance hurdles over the remainder of the performance period based on the Company’s historical common stock performance relative to the other companies within the FTSE Nareit Equity Shopping Centers Index as well as the following significant assumptions:
Year Ended December 31,
Assumption202420232022
Volatility
23.0% - 28.0%
32.0% - 52.0%
27.0% - 51.0%
Weighted average risk-free interest rate
4.03% - 4.92%
3.79% - 5.18%
1.08% - 1.39%
Weighted average common stock dividend yield
4.4% - 4.7%
4.3% - 4.8%
3.8% - 4.6%

Information with respect to RSUs for the years ended December 31, 2024, 2023, and 2022 are as follows (in thousands):
Restricted SharesAggregate Intrinsic Value
Outstanding, December 31, 20212,308 $46,547 
Vested(994)(18,955)
Granted981 25,476 
Forfeited(28)(597)
Outstanding, December 31, 20222,267 52,471 
Vested(1,162)(22,583)
Granted1,137 25,316 
Forfeited(48)(1,112)
Outstanding, December 31, 20232,194 54,092 
Vested(1,424)(28,067)
Granted1,367 29,055 
Forfeited(240)(5,941)
Outstanding, December 31, 20241,897 $49,139 

During the years ended December 31, 2024, 2023, and 2022, the Company recognized $20.0 million, $22.3 million, and $25.2 million of equity compensation expense, respectively, of which $2.0 million, $1.6 million, and $1.8 million was capitalized, respectively. These amounts are included in General and administrative expense on the Company’s Consolidated Statements of Operations. As of December 31, 2024, the Company had $13.9 million of total unrecognized compensation expense related to unvested stock compensation, which is expected to be recognized over a weighted average period of approximately 2.0 years.
v3.25.0.1
Earnings per Share
 12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Earnings per Share Earnings per Share
Basic earnings per share ("EPS") is calculated by dividing net income attributable to the Company’s common stockholders, including any participating securities, by the weighted average number of shares outstanding for the period. Certain restricted shares issued pursuant to the Company’s share-based compensation program are considered participating securities, as such stockholders have rights to receive non-forfeitable dividends. Fully diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into shares of common stock. Unvested RSUs are not allocated net losses and/or any excess of dividends declared over net income, as such amounts are allocated entirely to the Company’s common stock.

The following table provides a reconciliation of the numerator and denominator of the EPS calculations for the years ended December 31, 2024, 2023, and 2022 (dollars in thousands, except per share data):
Year Ended December 31,
202420232022
Computation of Basic Earnings Per Share:
Net income$339,276 $305,087 $354,193 
Net income attributable to non-controlling interests(2)— — 
Non-forfeitable dividends on unvested restricted shares(555)(828)(1,002)
Net income attributable to the Company’s common stockholders for basic earnings per share $338,719 $304,259 $353,191 
Weighted average shares outstanding – basic303,130 300,977 299,938 
Basic earnings per share attributable to the Company’s common stockholders:
Net income per share$1.12 $1.01 $1.18 
Computation of Diluted Earnings Per Share:
Net income attributable to the Company’s common stockholders for diluted earnings per share $338,719 $304,259 $353,191 
Weighted average shares outstanding – basic 303,130 300,977 299,938 
Effect of dilutive securities:
Equity awards908 1,399 1,804 
Weighted average shares outstanding – diluted 304,038 302,376 301,742 
Diluted earnings per share attributable to the Company’s common stockholders:
Net income per share$1.11 $1.01 $1.17 
v3.25.0.1
Earnings per Unit
 12 Months Ended
Dec. 31, 2024
Schedule of Earnings per Share [Line Items]  
Earnings per Unit Earnings per Share
Basic earnings per share ("EPS") is calculated by dividing net income attributable to the Company’s common stockholders, including any participating securities, by the weighted average number of shares outstanding for the period. Certain restricted shares issued pursuant to the Company’s share-based compensation program are considered participating securities, as such stockholders have rights to receive non-forfeitable dividends. Fully diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into shares of common stock. Unvested RSUs are not allocated net losses and/or any excess of dividends declared over net income, as such amounts are allocated entirely to the Company’s common stock.

The following table provides a reconciliation of the numerator and denominator of the EPS calculations for the years ended December 31, 2024, 2023, and 2022 (dollars in thousands, except per share data):
Year Ended December 31,
202420232022
Computation of Basic Earnings Per Share:
Net income$339,276 $305,087 $354,193 
Net income attributable to non-controlling interests(2)— — 
Non-forfeitable dividends on unvested restricted shares(555)(828)(1,002)
Net income attributable to the Company’s common stockholders for basic earnings per share $338,719 $304,259 $353,191 
Weighted average shares outstanding – basic303,130 300,977 299,938 
Basic earnings per share attributable to the Company’s common stockholders:
Net income per share$1.12 $1.01 $1.18 
Computation of Diluted Earnings Per Share:
Net income attributable to the Company’s common stockholders for diluted earnings per share $338,719 $304,259 $353,191 
Weighted average shares outstanding – basic 303,130 300,977 299,938 
Effect of dilutive securities:
Equity awards908 1,399 1,804 
Weighted average shares outstanding – diluted 304,038 302,376 301,742 
Diluted earnings per share attributable to the Company’s common stockholders:
Net income per share$1.11 $1.01 $1.17 
Brixmor Operating Partnership LP  
Schedule of Earnings per Share [Line Items]  
Earnings per Unit Earnings per Unit
Basic earnings per unit is calculated by dividing net income attributable to the Operating Partnership’s common unitholders, including any participating securities, by the weighted average number of partnership common units outstanding for the period. Certain restricted units issued pursuant to the Company’s share-based compensation program are considered participating securities, as such unitholders have rights to receive non-forfeitable dividends. Fully diluted earnings per unit reflects the potential dilution that could occur if securities or other contracts to issue common units were exercised or converted into common units. Unvested RSUs are not allocated net losses and/or any excess of dividends declared over net income, as such amounts are allocated entirely to the Operating Partnership’s common units.

The following table provides a reconciliation of the numerator and denominator of the earnings per unit calculations for the years ended December 31, 2024, 2023, and 2022 (dollars in thousands, except per unit data):
Year Ended December 31,
202420232022
Computation of Basic Earnings Per Unit:
Net income$339,276 $305,087 $354,193 
Net income attributable to non-controlling interests(2)— — 
Non-forfeitable dividends on unvested restricted units (555)(828)(1,002)
Net income attributable to the Operating Partnership’s common units for basic earnings per unit$338,719 $304,259 $353,191 
Weighted average common units outstanding – basic303,130 300,977 299,938 
Basic earnings per unit attributable to the Operating Partnership’s common units:
Net income per unit$1.12 $1.01 $1.18 
Computation of Diluted Earnings Per Unit:
Net income attributable to the Operating Partnership’s common units for diluted earnings per unit $338,719 $304,259 $353,191 
Weighted average common units outstanding – basic 303,130 300,977 299,938 
Effect of dilutive securities:
Equity awards 908 1,399 1,804 
Weighted average common units outstanding – diluted 304,038 302,376 301,742 
Diluted earnings per unit attributable to the Operating Partnership’s common units:
Net income per unit$1.11 $1.01 $1.17 
v3.25.0.1
Commitments and Contingencies
 12 Months Ended
Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
Legal Matters
The Company is not presently involved in any material litigation arising outside the ordinary course of business. However, the Company is involved in routine litigation arising in the ordinary course of business, none of which the Company believes, individually or in the aggregate, taking into account existing reserves, will have a material impact on the Company’s financial condition, operating results, or cash flows.

Insurance Captive
The Company has a wholly owned captive insurance company, Brixmor Incap, LLC (“Incap”). Incap underwrites the first layer of general liability insurance for the properties in the Company’s Portfolio. The Company formed Incap as part of its overall risk management program to stabilize insurance costs, manage exposures, and recoup expenses through the function of the captive program. Incap is capitalized in accordance with the applicable regulatory requirements. An actuarial analysis is performed to estimate future projected claims, related deductibles, and projected expenses necessary to fund associated risk management programs. Incap establishes annual premiums based on projections derived from the past loss experience of the Company’s Portfolio. Premiums paid to Incap may be adjusted based on this estimate and may be reimbursed by the Company’s tenants pursuant to specific lease terms.

Activity in the reserve for losses for the years ended December 31, 2024 and 2023 is summarized as follows:
Year End December 31,
20242023
Balance at the beginning of the year$9,858 $10,689 
Incurred related to: 
Current year3,164 3,320 
Prior years416 (457)
Total incurred3,580 2,863 
Paid related to:
Current year(245)(771)
Prior years(3,555)(2,923)
Total paid(3,800)(3,694)
Balance at the end of the year$9,638 $9,858 

Environmental Matters
Under various federal, state, and local laws, ordinances, and regulations, the Company may be or become liable for the costs of removal or remediation of certain hazardous or toxic substances released on or in the Company’s properties or disposed of by the Company or its tenants, as well as certain other potential costs that could relate to hazardous or toxic substances (including governmental fines and injuries to persons and property). The Company maintains a reserve for currently known environmental matters and does not believe they will have a material impact on the Company’s financial condition, operating results, or cash flows. During the years ended December 31, 2024, 2023, and 2022, the Company did not incur any material governmental fines resulting from environmental matters.
v3.25.0.1
Segment Reporting
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The Company operates and derives revenue from its Portfolio of community and neighborhood shopping centers. As of December 31, 2024, the properties in the Portfolio are located across 30 states throughout 104 metropolitan markets. The Chief Executive Officer serves as the Company's CODM and evaluates performance and resource allocation on a Portfolio basis. Additionally, the Company does not distinguish its principal business or group its operations on a geographical basis for purposes of measuring performance. Accordingly, the Company has a single operating and reportable segment (the "Reporting Segment") for disclosure purposes in accordance with GAAP. The accounting policies of the Reporting Segment are the same as those described in the summary of significant accounting policies. See Note 1 for additional information about the Company's business and significant accounting policies.

Net income attributable to Brixmor Property Group Inc., as presented on the Company's Consolidated Statements of Operations is a metric utilized by the CODM to assess the Reporting Segment's performance and allocate resources. Total assets, as presented on the Company's Consolidated Balance Sheets is used to measure the Reporting Segment's assets.

The following table presents revenues and significant segment expenses for the years ended December 31, 2024, 2023, and 2022:

Year Ended December 31,
202420232022
Total revenues$1,285,054 $1,245,036 $1,218,074 
Operating costs(152,825)(146,473)(141,408)
Real estate taxes(164,291)(173,517)(170,383)
Depreciation and amortization(381,396)(362,277)(344,731)
Impairment of real estate assets(11,143)(17,836)(5,724)
General and administrative(1)
(116,363)(117,128)(117,225)
Interest expense(215,994)(190,733)(192,427)
Other segment items(2)
96,232 68,015 108,017 
Segment net income$339,274 $305,087 $354,193 
Reconciliation of Net income attributable to Brixmor Property Group Inc.
Adjustments— — — 
Net income attributable to Brixmor Property Group Inc.$339,274 $305,087 $354,193 

(1)The following table presents General and administrative expense for the years ended December 31, 2024, 2023, and 2022:

Year Ended December 31,
202420232022
Employee compensation, net$(93,606)$(92,534)$(92,777)
Other general and administrative, net(22,757)(24,594)(24,448)
Total general and administrative$(116,363)$(117,128)$(117,225)

(2)Other segment items for the Company include Dividends and interest, Gain on sale of real estate assets, Gain (loss) on extinguishment of debt, net, Other, and Net income attributable to non-controlling interests. See the Company's Consolidated Statements of Operations for additional information on these amounts.
v3.25.0.1
Income Taxes
 12 Months Ended
Dec. 31, 2024
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The Company incurred income and other taxes of $2.7 million, $2.6 million, and $2.7 million for the years ended December 31, 2024, 2023, and 2022. These amounts are included in Other on the Company’s Consolidated Statements of Operations. See Note 1 for additional information regarding the Company’s income taxes and the Parent Company's REIT status.
v3.25.0.1
Related-Party Transactions
 12 Months Ended
Dec. 31, 2024
Related Party Transactions [Abstract]  
Related-Party Transactions Related-Party Transactions
As of December 31, 2024 and 2023, there were no material receivables from or payables to related parties. During the years ended December 31, 2024, 2023, and 2022, the Company did not engage in any material related-party transactions.
v3.25.0.1
Retirement Plan
 12 Months Ended
Dec. 31, 2024
Retirement Benefits [Abstract]  
Retirement Plan Retirement Plan
The Company has a Retirement and 401(k) Savings Plan (the "Savings Plan") covering officers and employees of the Company and permits participants to defer eligible compensation up to the maximum allowable amount determined by the Internal Revenue Service. Participants in the Savings Plan may elect to contribute a portion of their earnings to the Savings Plan and the Company makes a matching contribution to the Savings Plan, up to a maximum of 3.5% of the employee’s eligible compensation. For the years ended December 31, 2024, 2023, and 2022, the Company’s expense for the Savings Plan was $2.2 million, $2.0 million, and $1.8 million, respectively. These amounts are included in General and administrative on the Company’s Consolidated Statements of Operations.
v3.25.0.1
Supplemental Financial Information
 12 Months Ended
Dec. 31, 2024
Quarterly Financial Information Disclosure [Abstract]  
Supplemental Financial Information Supplemental Financial Information
No retrospective adjustments were made to the Company’s Consolidated Financial Statements for the years ended December 31, 2024, 2023, and 2022.
v3.25.0.1
Subsequent Events
 12 Months Ended
Dec. 31, 2024
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
In preparing the Consolidated Financial Statements, the Company has evaluated events and transactions occurring after December 31, 2024 for recognition and/or disclosure purposes. Based on this evaluation, there were no subsequent events from December 31, 2024 through the date the financial statements were issued other than the following:

•In February 2025, the Operating Partnership repaid $632.3 million principal amount of the 2025 Notes, representing all of the outstanding 2025 Notes. The Operating Partnership funded the 2025 Notes repayment with proceeds from the issuance of the 2035 Notes and liquidity available under the Revolving Facility.
v3.25.0.1
Schedule III - Real Estate and Accumulated Depreciation
 12 Months Ended
Dec. 31, 2024
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]  
Schedule III - Real Estate and Accumulated Depreciation SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION
(in thousands)
Costs Capitalized Subsequent to Acquisition(3)
Gross Amount at Which Carried
Initial Cost to Company(2)
at the Close of the Period
Description(1)
LandBuilding & ImprovementsLand
Building & Improvements(4)
TotalAccumulated Depreciation
Year Built(5)
Date Acquired
SpringdaleMobile, AL$7,460 $39,380 $17,468 $6,693 $57,615 $64,308 $(21,712)2004Jun-11
Northmall CentreTucson, AZ3,140 18,882 (1,437)2,202 18,383 20,585 (8,251)1996Jun-11
Bakersfield PlazaBakersfield, CA4,000 25,537 15,160 4,502 40,195 44,697 (19,657)1970Jun-11
Brea GatewayBrea, CA23,716 68,925 1,180 23,716 70,105 93,821 (9,736)1994Jan-22
Carmen PlazaCamarillo, CA5,410 19,784 7,778 5,410 27,562 32,972 (8,324)2000Jun-11
Plaza Rio VistaCathedral, CA2,465 12,687 1,658 2,465 14,345 16,810 (5,425)2005Oct-13
Cudahy PlazaCudahy, CA4,490 13,474 22,931 4,778 36,117 40,895 (12,302)2021Jun-11
The Davis Collection (6)Davis, CA4,270 18,372 27,740 4,270 46,112 50,382 (5,951)2025Jun-11
Felicita PlazaEscondido, CA4,280 12,464 1,559 4,280 14,023 18,303 (6,641)2001Jun-11
Felicita Town CenterEscondido, CA11,231 31,381 2,181 11,231 33,562 44,793 (10,187)1987Dec-16
Arbor FaireFresno, CA5,940 34,123 (9,949)3,940 26,174 30,114 (11,803)1995Jun-11
Lompoc CenterLompoc, CA4,670 16,321 7,264 4,670 23,585 28,255 (8,548)1960Jun-11
Briggsmore PlazaModesto, CA2,140 12,257 587 1,819 13,165 14,984 (5,791)1998Jun-11
Montebello PlazaMontebello, CA13,360 33,743 8,408 13,360 42,151 55,511 (19,513)1974Jun-11
California Oaks CenterMurrieta, CA5,180 15,441 5,397 5,180 20,838 26,018 (8,790)1990Jun-11
Pacoima CenterPacoima, CA7,050 15,955 2,004 7,050 17,959 25,009 (10,816)1995Jun-11
Metro 580Pleasanton, CA10,500 19,409 1,879 10,500 21,288 31,788 (11,279)1996Jun-11
Rose PavilionPleasanton, CA19,618 63,140 16,029 19,618 79,169 98,787 (30,080)2019Jun-11
Puente Hills Town Center (6)Rowland Heights, CA15,670 39,997 9,261 15,670 49,258 64,928 (18,163)2025Jun-11
Ocean View PlazaSan Clemente, CA15,750 30,757 3,092 15,750 33,849 49,599 (13,171)1990Jun-11
Plaza By The SeaSan Clemente, CA9,607 5,461 6,330 9,607 11,791 21,398 (2,243)1976Dec-17
Village at Mira MesaSan Diego, CA14,870 75,271 38,347 14,870 113,618 128,488 (41,114)2023Jun-11
San Dimas PlazaSan Dimas, CA15,101 22,299 4,279 15,101 26,578 41,679 (10,559)1986Jun-11
Bristol PlazaSanta Ana, CA9,110 21,367 5,507 9,722 26,262 35,984 (9,662)2003Jun-11
Gateway PlazaSanta Fe Springs, CA9,980 31,263 3,503 9,980 34,766 44,746 (17,115)2002Jun-11
Santa Paula CenterSanta Paula, CA3,520 18,079 836 3,520 18,915 22,435 (9,047)1995Jun-11
Vail Ranch CenterTemecula, CA3,750 22,933 10,937 3,750 33,870 37,620 (11,891)2024Jun-11
Country Hills Shopping CenterTorrance, CA3,630 8,716 600 3,589 9,357 12,946 (3,748)1977Jun-11
Upland Town SquareUpland, CA9,051 23,171 1,485 9,051 24,656 33,707 (7,675)1994Nov-17
Gateway Plaza - VallejoVallejo, CA12,947 77,377 30,160 12,947 107,537 120,484 (40,851)2023Jun-11
Arvada PlazaArvada, CO1,160 7,378 643 1,160 8,021 9,181 (4,998)1994Jun-11
Arapahoe CrossingsAurora, CO13,676 56,971 16,712 13,676 73,683 87,359 (27,273)1996Jul-13
Aurora PlazaAurora, CO5,824 9,309 11,287 5,824 20,596 26,420 (8,125)1996Jun-11
Villa MonacoDenver, CO3,090 7,551 3,669 3,090 11,220 14,310 (4,660)1978Jun-11
Centennial Shopping CenterEnglewood, CO6,755 11,721 2,414 6,755 14,135 20,890 (3,344)2013Apr-19
Superior MarketplaceSuperior, CO7,090 37,670 6,492 6,924 44,328 51,252 (18,806)1997Jun-11
Westminster City CenterWestminster, CO6,040 45,099 21,511 6,040 66,610 72,650 (24,733)2024Jun-11
The Shoppes at Fox RunGlastonbury, CT3,550 23,162 5,220 3,600 28,332 31,932 (13,067)1974Jun-11
Parkway PlazaHamden, CT4,100 7,844 245 4,100 8,089 12,189 (3,478)2006Jun-11
The Manchester CollectionManchester, CT8,200 51,455 (11,534)7,627 40,494 48,121 (16,639)2001Jun-11
The Plaza at Buckland HillsManchester, CT11,852 68,367 — 11,852 68,367 80,219 (588)1987Dec-24
Turnpike PlazaNewington, CT3,920 23,880 (2,332)3,920 21,548 25,468 (9,892)2004Jun-11
North Haven CrossingNorth Haven, CT5,430 16,371 2,711 5,430 19,082 24,512 (7,481)1993Jun-11
Colonial Commons - OrangeOrange, CT4,870 15,160 (57)4,870 15,103 19,973 (5,035)1996Jun-11
Stratford SquareStratford, CT5,970 12,433 7,671 5,860 20,214 26,074 (8,851)1984Jun-11
Waterbury PlazaWaterbury, CT5,420 18,062 3,893 4,793 22,582 27,375 (9,150)2000Jun-11
Waterford CommonsWaterford, CT5,437 46,769 5,597 5,437 52,366 57,803 (22,818)2004Jun-11
Center of Bonita SpringsBonita Springs, FL10,946 38,467 7,153 10,946 45,620 56,566 (7,548)2014Apr-21
Coastal Way - Coastal LandingBrooksville, FL8,840 34,027 14,730 8,840 48,757 57,597 (16,390)2008Jun-11
Clearwater MallClearwater, FL15,300 55,060 8,788 15,300 63,848 79,148 (23,980)1973Jun-11
Coconut Creek PlazaCoconut Creek, FL7,400 25,600 5,485 7,400 31,085 38,485 (13,779)2005Jun-11
Century Plaza Shopping CenterDeerfield Beach, FL3,050 8,688 4,415 3,050 13,103 16,153 (5,197)2006Jun-11
Northgate Shopping CenterDeLand, FL3,500 11,008 5,604 3,500 16,612 20,112 (5,377)1993Jun-11
Sun PlazaFort Walton Beach, FL4,480 12,658 2,359 4,480 15,017 19,497 (7,852)2004Jun-11
Normandy SquareJacksonville, FL1,936 5,567 1,984 1,936 7,551 9,487 (3,873)1996Jun-11
Regency Park Shopping CenterJacksonville, FL6,240 15,561 11,534 6,240 27,095 33,335 (10,059)1985Jun-11
Ventura DownsKissimmee, FL3,580 8,237 5,435 3,580 13,672 17,252 (5,131)2018Jun-11
Marketplace at WycliffeLake Worth, FL7,930 16,228 463 7,930 16,691 24,621 (5,953)2002Jun-11
Venetian Isle Shopping CtrLighthouse Point, FL8,270 15,030 3,534 8,270 18,564 26,834 (7,173)1992Jun-11
Marco Town CenterMarco Island, FL7,235 27,490 13,219 7,235 40,709 47,944 (10,773)2023Oct-13
Shops at Palm LakesMiami, FL10,896 17,596 27,689 10,896 45,285 56,181 (8,918)2023Jun-11
Freedom SquareNaples, FL4,760 15,328 12,004 4,735 27,357 32,092 (7,884)2021Jun-11
Costs Capitalized Subsequent to Acquisition(3)
Gross Amount at Which Carried
Initial Cost to Company(2)
at the Close of the Period
Description(1)
LandBuilding & ImprovementsLand
Building & Improvements(4)
TotalAccumulated Depreciation
Year Built(5)
Date Acquired
Granada ShoppesNaples, FL34,061 69,551 5,696 34,061 75,247 109,308 (10,080)2011Dec-21
Naples PlazaNaples, FL9,200 20,738 10,537 9,200 31,275 40,475 (13,652)2013Jun-11
Park Shore PlazaNaples, FL7,245 16,555 21,937 7,245 38,492 45,737 (17,494)2017Jun-11
Chelsea PlaceNew Port Richey, FL3,303 9,879 370 3,303 10,249 13,552 (4,106)1992Oct-13
Colonial MarketplaceOrlando, FL4,230 20,242 3,699 4,230 23,941 28,171 (11,622)1986Jun-11
Conway CrossingOrlando, FL3,208 12,496 640 3,163 13,181 16,344 (5,694)2002Oct-13
Hunter's Creek PlazaOrlando, FL3,589 6,907 3,164 3,589 10,071 13,660 (4,057)1998Oct-13
Pointe Orlando (6)Orlando, FL6,120 56,697 79,634 6,120 136,331 142,451 (36,165)2025Jun-11
Martin Downs Town CenterPalm City, FL1,660 9,945 225 1,660 10,170 11,830 (3,668)1996Oct-13
Martin Downs Village CenterPalm City, FL5,319 28,998 2,160 5,319 31,158 36,477 (11,436)1987Jun-11
23rd Street StationPanama City, FL3,120 9,115 2,149 3,120 11,264 14,384 (3,775)1995Jun-11
Panama City SquarePanama City, FL5,690 15,789 8,068 5,690 23,857 29,547 (7,965)1989Jun-11
East Port PlazaPort St. Lucie, FL4,099 22,498 5,628 4,099 28,126 32,225 (8,555)2024Oct-13
Shoppes of Victoria SquarePort St. Lucie, FL3,450 6,789 968 3,450 7,757 11,207 (3,580)1990Jun-11
Lake St. CharlesRiverview, FL2,801 6,966 428 2,801 7,394 10,195 (2,747)1999Oct-13
Cobblestone VillageRoyal Palm Beach, FL2,700 5,473 761 2,700 6,234 8,934 (2,470)2005Jun-11
Beneva Village ShoppesSarasota, FL4,013 19,403 12,055 4,013 31,458 35,471 (11,599)2020Oct-13
Sarasota VillageSarasota, FL5,190 12,728 3,719 5,190 16,447 21,637 (6,757)1972Jun-11
Atlantic PlazaSatellite Beach, FL2,630 11,609 5,624 2,630 17,233 19,863 (6,571)2008Jun-11
Seminole PlazaSeminole, FL3,870 8,410 13,025 3,870 21,435 25,305 (7,660)2020Jun-11
Cobblestone VillageSt. Augustine, FL9,850 34,113 5,718 9,850 39,831 49,681 (17,801)2003Jun-11
Dolphin VillageSt. Pete Beach, FL9,882 16,220 4,023 9,882 20,243 30,125 (6,997)1990Oct-13
Rutland PlazaSt. Petersburg, FL3,880 8,513 2,090 3,880 10,603 14,483 (4,921)2002Jun-11
Tyrone GardensSt. Petersburg, FL5,690 10,456 9,864 5,690 20,320 26,010 (6,714)2023Jun-11
Downtown PublixStuart, FL1,770 12,909 5,811 1,770 18,720 20,490 (6,988)2000Jun-11
Sunrise Town CenterSunrise, FL9,166 10,338 (1,681)7,856 9,967 17,823 (4,067)1989Oct-13
Britton PlazaTampa, FL22,706 56,428 — 22,706 56,428 79,134 (569)1958Nov-24
Carrollwood CenterTampa, FL3,749 15,194 1,147 3,749 16,341 20,090 (6,738)2002Oct-13
Ross PlazaTampa, FL2,808 12,205 (68)2,640 12,305 14,945 (4,396)1996Oct-13
Shoppes at TarponTarpon Springs, FL7,800 14,221 4,824 7,800 19,045 26,845 (10,433)2003Jun-11
Venice PlazaVenice, FL3,245 14,650 2,835 3,245 17,485 20,730 (5,383)1999Oct-13
Venice Shopping CenterVenice, FL2,555 6,847 3,835 2,555 10,682 13,237 (3,691)2000Oct-13
Venice VillageVenice, FL7,157 26,773 12,258 7,157 39,031 46,188 (8,750)2022Nov-17
Mansell CrossingAlpharetta, GA19,840 34,689 (4,638)15,461 34,430 49,891 (14,808)1993Jun-11
Northeast PlazaAtlanta, GA6,907 38,776 5,069 6,907 43,845 50,752 (17,316)1952Jun-11
Sweetwater VillageAustell, GA1,080 3,119 994 1,080 4,113 5,193 (2,292)1985Jun-11
Vineyards at Chateau ElanBraselton, GA2,202 14,690 786 2,202 15,476 17,678 (5,977)2002Oct-13
Salem Road StationCovington, GA670 11,517 1,145 670 12,662 13,332 (4,815)2000Oct-13
Keith Bridge CommonsCumming, GA1,601 15,162 1,299 1,601 16,461 18,062 (6,206)2002Oct-13
NorthsideDalton, GA1,320 4,220 1,206 1,320 5,426 6,746 (2,053)2001Jun-11
Cosby StationDouglasville, GA2,650 6,660 797 2,650 7,457 10,107 (3,330)1994Jun-11
Park PlazaDouglasville, GA1,470 2,870 1,332 1,470 4,202 5,672 (1,923)1986Jun-11
Venture PointeDuluth, GA2,460 7,995 5,797 2,460 13,792 16,252 (8,563)1995Jun-11
Banks StationFayetteville, GA3,490 13,060 1,465 3,517 14,498 18,015 (7,041)2006Jun-11
Barrett PlaceKennesaw, GA6,990 14,370 3,584 6,990 17,954 24,944 (6,820)1992Jun-11
Shops of HuntcrestLawrenceville, GA2,093 18,230 989 2,093 19,219 21,312 (6,792)2003Oct-13
Mableton WalkMableton, GA1,660 9,467 2,553 1,645 12,035 13,680 (4,604)1994Jun-11
The Village at MabletonMableton, GA2,040 6,647 21,345 2,040 27,992 30,032 (5,908)2023Jun-11
Eastlake PlazaMarietta, GA2,650 2,774 2,671 2,650 5,445 8,095 (1,714)1982Jun-11
New Chastain CornersMarietta, GA3,090 8,243 3,508 3,090 11,751 14,841 (4,974)2004Jun-11
Pavilions at EastlakeMarietta, GA4,770 12,874 3,906 4,770 16,780 21,550 (7,678)1996Jun-11
Creekwood VillageRex, GA1,400 4,893 620 1,400 5,513 6,913 (2,788)1990Jun-11
ConneXionRoswell, GA2,627 28,074 993 2,627 29,067 31,694 (3,899)2016Dec-21
Holcomb Bridge CrossingRoswell, GA1,170 5,633 5,286 1,170 10,919 12,089 (5,774)1988Jun-11
Kings MarketRoswell, GA9,096 33,899 4,539 9,096 38,438 47,534 (5,873)2005Dec-21
Victory SquareSavannah, GA6,230 15,043 2,025 5,655 17,643 23,298 (6,723)2007Jun-11
Stockbridge VillageStockbridge, GA6,210 17,734 4,107 5,872 22,179 28,051 (10,356)2008Jun-11
Stone Mountain FestivalStone Mountain, GA5,740 17,078 (8,634)3,328 10,856 14,184 (4,237)2006Jun-11
Wilmington IslandWilmington Island, GA2,630 8,108 1,287 2,630 9,395 12,025 (3,761)1985Oct-13
Annex of ArlingtonArlington Heights, IL4,373 19,431 10,892 4,373 30,323 34,696 (13,402)1999Jun-11
Ridge PlazaArlington Heights, IL3,720 11,128 3,724 3,720 14,852 18,572 (8,247)2000Jun-11
Southfield PlazaBridgeview, IL5,880 18,756 5,444 5,880 24,200 30,080 (11,569)2006Jun-11
Commons of Chicago RidgeChicago Ridge, IL4,310 39,714 (11,580)2,426 30,018 32,444 (13,792)1998Jun-11
Rivercrest Shopping CenterCrestwood, IL11,010 41,063 12,973 11,010 54,036 65,046 (23,566)1992Jun-11
The Commons of Crystal LakeCrystal Lake, IL3,660 32,993 6,489 3,660 39,482 43,142 (16,011)1987Jun-11
Elmhurst CrossingElmhurst, IL5,816 81,784 1,931 5,816 83,715 89,531 (9,312)2005Apr-22
Costs Capitalized Subsequent to Acquisition(3)
Gross Amount at Which Carried
Initial Cost to Company(2)
at the Close of the Period
Description(1)
LandBuilding & ImprovementsLand
Building & Improvements(4)
TotalAccumulated Depreciation
Year Built(5)
Date Acquired
The Quentin CollectionKildeer, IL6,002 27,280 (10,134)3,279 19,869 23,148 (9,195)2006Jun-11
Butterfield SquareLibertyville, IL3,430 13,370 3,888 3,430 17,258 20,688 (7,139)1997Jun-11
High Point CentreLombard, IL7,510 21,583 10,985 7,523 32,555 40,078 (11,281)2019Jun-11
Long Meadow CommonsMundelein, IL4,700 11,597 3,604 4,700 15,201 19,901 (8,278)1997Jun-11
Westridge Court / Block 59 (6)Naperville, IL11,150 75,719 33,480 10,560 109,789 120,349 (32,192)2025Jun-11
North Riverside PlazaNorth Riverside, IL5,117 57,577 1,742 5,117 59,319 64,436 (8,258)2007Apr-22
Ravinia PlazaOrland Park, IL2,069 24,288 1,150 2,069 25,438 27,507 (3,087)1990Feb-22
Rollins CrossingRound Lake Beach, IL3,040 23,623 (3,890)2,396 20,377 22,773 (10,435)1998Jun-11
Tinley Park Plaza (6)Tinley Park, IL12,250 22,511 34,648 12,250 57,159 69,409 (11,806)2025Jun-11
Meridian VillageCarmel, IN2,290 7,746 3,722 2,089 11,669 13,758 (4,961)1990Jun-11
Columbus CenterColumbus, IN1,480 14,740 9,012 1,480 23,752 25,232 (8,862)1964Jun-11
Speedway Super CenterSpeedway, IN8,410 50,006 27,784 8,410 77,790 86,200 (30,233)2022Jun-11
Sagamore Park CentreWest Lafayette, IN2,390 11,150 2,752 2,390 13,902 16,292 (6,403)2018Jun-11
Westchester SquareLenexa, KS3,250 14,555 4,554 3,250 19,109 22,359 (8,313)1987Jun-11
West Loop Shopping CenterManhattan, KS2,800 12,622 5,814 2,800 18,436 21,236 (9,072)2013Jun-11
Florence Plaza - Florence SquareFlorence, KY11,014 53,088 29,656 11,014 82,744 93,758 (35,164)2014Jun-11
Jeffersontown CommonsJeffersontown, KY3,920 14,866 (240)3,957 14,589 18,546 (6,464)1959Jun-11
London MarketplaceLondon, KY1,400 10,362 5,412 1,400 15,774 17,174 (5,280)1994Jun-11
Eastgate Shopping CenterLouisville, KY4,300 13,975 3,869 4,300 17,844 22,144 (9,318)2002Jun-11
Plainview VillageLouisville, KY2,600 10,541 2,775 2,600 13,316 15,916 (5,860)1997Jun-11
Stony Brook I & IILouisville, KY3,650 17,970 2,815 3,650 20,785 24,435 (9,514)1988Jun-11
Acton PlazaActon, MA10,224 30,375 12 10,224 30,387 40,611 (1,106)1972Aug-24
Points West PlazaBrockton, MA2,200 10,605 2,430 2,200 13,035 15,235 (4,606)1960Jun-11
Burlington Square I, II & III (6)Burlington, MA4,690 13,122 4,529 4,690 17,651 22,341 (7,053)2025Jun-11
Holyoke Shopping CenterHolyoke, MA3,110 12,097 1,817 3,110 13,914 17,024 (7,133)2000Jun-11
WaterTower Plaza (6)Leominster, MA10,400 40,312 14,668 10,342 55,038 65,380 (17,979)2025Jun-11
Lunenburg CrossingLunenburg, MA930 1,991 847 942 2,826 3,768 (1,325)1994Jun-11
Lynn MarketplaceLynn, MA3,100 5,678 5,175 3,100 10,853 13,953 (3,423)1968Jun-11
Webster SquareMarshfield, MA5,532 27,284 1,379 5,532 28,663 34,195 (10,087)2005Jun-15
Berkshire CrossingPittsfield, MA5,210 39,558 (6,441)2,771 35,556 38,327 (16,692)1994Jun-11
Westgate PlazaWestfield, MA2,494 9,850 4,704 2,494 14,554 17,048 (4,056)1996Jun-11
Perkins Farm MarketplaceWorcester, MA2,150 17,060 6,783 2,150 23,843 25,993 (11,241)1967Jun-11
South Plaza Shopping CenterCalifornia, MD2,174 23,209 164 2,174 23,373 25,547 (8,131)2005Oct-13
Fox RunPrince Frederick, MD3,560 31,431 24,220 3,396 55,815 59,211 (17,049)2022Jun-11
Pine Tree Shopping CenterPortland, ME2,860 19,182 2,131 2,860 21,313 24,173 (13,231)1958Jun-11
Arborland CenterAnn Arbor, MI20,222 90,938 4,116 20,222 95,054 115,276 (29,137)2000Mar-17
Huron VillageAnn Arbor, MI2,449 30,688 — 2,449 30,688 33,137 (334)2003Nov-24
Maple VillageAnn Arbor, MI3,200 19,108 32,814 3,200 51,922 55,122 (18,022)2020Jun-11
Grand CrossingBrighton, MI1,780 7,540 2,574 1,780 10,114 11,894 (4,975)2005Jun-11
Farmington CrossroadsFarmington, MI1,620 4,542 1,990 1,620 6,532 8,152 (3,339)1986Jun-11
Silver Pointe Shopping CenterFenton, MI3,840 12,631 4,939 3,840 17,570 21,410 (7,963)1996Jun-11
Cascade EastGrand Rapids, MI1,280 5,433 3,414 1,280 8,847 10,127 (3,800)1983Jun-11
Delta CenterLansing, MI1,580 9,616 1,137 1,518 10,815 12,333 (3,814)1985Jun-11
Lakes CrossingMuskegon, MI1,440 13,571 771 1,200 14,582 15,782 (7,234)2008Jun-11
Redford PlazaRedford, MI7,510 20,174 13,418 7,510 33,592 41,102 (13,339)1992Jun-11
Hampton Village CentreRochester Hills, MI5,370 48,930 23,662 5,370 72,592 77,962 (28,642)2004Jun-11
Southfield PlazaSouthfield, MI1,320 4,085 3,462 1,320 7,547 8,867 (4,082)1970Jun-11
Delco PlazaSterling Heights, MI2,860 7,025 (171)2,860 6,854 9,714 (3,136)1996Jun-11
West RidgeWestland, MI1,800 6,640 4,831 1,800 11,471 13,271 (5,061)1989Jun-11
Washtenaw Fountain PlazaYpsilanti, MI2,030 7,234 666 2,037 7,893 9,930 (3,640)2005Jun-11
Southport Centre I - VIApple Valley, MN4,960 18,527 1,039 4,602 19,924 24,526 (7,330)1985Jun-11
Champlin MarketplaceChamplin, MN3,985 11,375 1,407 3,985 12,782 16,767 (2,524)2005Jun-21
Burning Tree PlazaDuluth, MN4,790 16,279 3,648 4,790 19,927 24,717 (8,252)1987Jun-11
Westwind PlazaMinnetonka, MN2,630 12,171 3,486 2,630 15,657 18,287 (5,614)2007Jun-11
Richfield HubRichfield, MN7,960 19,907 1,074 7,619 21,322 28,941 (7,699)1952Jun-11
Roseville CenterRoseville, MN1,620 8,593 7,775 1,620 16,368 17,988 (5,011)2021Jun-11
Marketplace @ 42Savage, MN5,150 13,221 4,994 5,100 18,265 23,365 (8,352)1999Jun-11
Sun Ray Shopping CenterSt. Paul, MN5,250 21,447 3,670 4,733 25,634 30,367 (11,511)1958Jun-11
White Bear Hills Shopping CenterWhite Bear Lake, MN1,790 6,182 2,227 1,790 8,409 10,199 (4,190)1996Jun-11
Ellisville SquareEllisville, MO4,144 8,003 5,083 4,144 13,086 17,230 (7,065)1989Jun-11
Watts Mill PlazaKansas City, MO2,610 13,868 2,317 2,610 16,185 18,795 (6,096)1997Jun-11
Liberty CornersLiberty, MO2,530 8,918 3,707 2,530 12,625 15,155 (5,929)1987Jun-11
Maplewood SquareMaplewood, MO1,450 4,720 571 1,450 5,291 6,741 (1,827)1998Jun-11
Devonshire PlaceCary, NC940 4,533 4,848 940 9,381 10,321 (5,957)1996Jun-11
McMullen Creek MarketCharlotte, NC10,590 24,266 11,447 10,590 35,713 46,303 (14,557)1988Jun-11
The Commons at Chancellor ParkCharlotte, NC5,240 20,500 2,350 5,240 22,850 28,090 (10,395)1994Jun-11
Costs Capitalized Subsequent to Acquisition(3)
Gross Amount at Which Carried
Initial Cost to Company(2)
at the Close of the Period
Description(1)
LandBuilding & ImprovementsLand
Building & Improvements(4)
TotalAccumulated Depreciation
Year Built(5)
Date Acquired
Garner Towne SquareGarner, NC6,233 23,681 6,168 6,233 29,849 36,082 (8,702)1997Oct-13
Franklin SquareGastonia, NC7,060 29,355 7,236 7,060 36,591 43,651 (15,135)1989Jun-11
Wendover PlaceGreensboro, NC15,990 42,299 3,804 15,881 46,212 62,093 (20,710)2000Jun-11
University CommonsGreenville, NC5,350 26,253 5,009 5,350 31,262 36,612 (13,705)1996Jun-11
North Ridge Shopping CenterRaleigh, NC12,841 50,225 — 12,841 50,225 63,066 (403)1980Dec-24
Roxboro SquareRoxboro, NC1,550 8,976 (8,683)419 1,424 1,843 (568)2005Jun-11
Innes Street MarketSalisbury, NC12,180 27,462 880 10,548 29,974 40,522 (15,270)2002Jun-11
New Centre MarketWilmington, NC5,730 15,217 5,446 5,730 20,663 26,393 (8,332)1998Jun-11
University CommonsWilmington, NC6,910 26,611 4,191 6,910 30,802 37,712 (13,524)2007Jun-11
Parkway PlazaWinston-Salem, NC6,910 17,604 4,812 6,740 22,586 29,326 (8,527)2005Jun-11
Stratford CommonsWinston-Salem, NC2,770 9,562 835 2,770 10,397 13,167 (3,782)1995Jun-11
Bedford GroveBedford, NH3,400 19,065 1 2,368 20,098 22,466 (5,589)1989Jun-11
Capitol Shopping CenterConcord, NH2,160 11,584 8,958 2,160 20,542 22,702 (7,112)2001Jun-11
Willow Springs PlazaNashua, NH3,490 20,288 116 3,490 20,404 23,894 (8,114)1990Jun-11
Seacoast Shopping CenterSeabrook, NH2,230 8,967 (2,643)1,139 7,415 8,554 (3,439)1991Jun-11
Tri-City PlazaSomersworth, NH1,900 10,034 5,653 1,900 15,687 17,587 (7,518)1990Jun-11
Laurel SquareBrick, NJ5,400 20,998 16,465 5,400 37,463 42,863 (10,152)2023Jun-11
The Shoppes at CinnaminsonCinnaminson, NJ6,030 45,605 5,608 6,030 51,213 57,243 (22,299)2010Jun-11
Acme ClarkClark, NJ2,630 8,351 140 2,630 8,491 11,121 (5,021)2007Jun-11
Collegetown Shopping CenterGlassboro, NJ1,560 16,336 26,975 1,560 43,311 44,871 (12,780)2021Jun-11
Hamilton PlazaHamilton, NJ1,580 8,972 19,389 1,580 28,361 29,941 (8,108)1972Jun-11
Bennetts Mills PlazaJackson, NJ3,130 17,126 473 3,130 17,599 20,729 (5,330)2002Jun-11
Marlton CrossingMarlton, NJ5,950 45,874 31,654 5,950 77,528 83,478 (31,793)2019Jun-11
Middletown PlazaMiddletown, NJ5,060 41,800 6,221 5,060 48,021 53,081 (15,361)2024Jun-11
Larchmont CentreMount Laurel, NJ4,421 14,985 1,157 4,421 16,142 20,563 (5,359)1985Jun-15
Old Bridge GatewayOld Bridge, NJ7,200 37,756 14,010 7,200 51,766 58,966 (17,192)2022Jun-11
Morris Hills Shopping CenterParsippany, NJ3,970 29,879 940 3,970 30,819 34,789 (11,218)1994Jun-11
Rio Grande PlazaRio Grande, NJ1,660 12,627 8,007 1,660 20,634 22,294 (6,638)1997Jun-11
Ocean Heights PlazaSomers Point, NJ6,110 34,911 3,810 6,110 38,721 44,831 (14,942)2006Jun-11
Springfield PlaceSpringfield, NJ1,773 4,577 2,370 1,773 6,947 8,720 (2,983)1965Jun-11
Tinton Falls PlazaTinton Falls, NJ3,080 12,385 2,451 3,080 14,836 17,916 (6,073)2006Jun-11
Cross Keys CommonsTurnersville, NJ5,840 33,347 6,132 5,872 39,447 45,319 (16,132)1989Jun-11
Parkway PlazaCarle Place, NY5,790 19,740 6,627 5,790 26,367 32,157 (8,556)1993Jun-11
Suffolk PlazaEast Setauket, NY2,780 12,321 8,782 2,780 21,103 23,883 (5,847)1998Jun-11
Three Village Shopping CenterEast Setauket, NY5,310 15,849 657 5,310 16,506 21,816 (6,978)1991Jun-11
West CenterEast Setauket, NY4,949 13,899 141 4,949 14,040 18,989 (934)1965Apr-24
Stewart PlazaGarden City, NY6,040 21,970 19,574 6,040 41,544 47,584 (11,948)2022Jun-11
Dalewood I, II & III Shopping CenterHartsdale, NY6,900 57,804 14,219 6,900 72,023 78,923 (22,502)2024Jun-11
Unity PlazaHopewell Junction, NY2,100 14,051 163 2,100 14,214 16,314 (6,416)2005Jun-11
Cayuga Shopping CenterIthaca, NY1,180 11,244 5,417 1,180 16,661 17,841 (6,244)1969Jun-11
Kings Park PlazaKings Park, NY4,790 11,367 2,333 4,790 13,700 18,490 (5,759)1985Jun-11
Village Square Shopping CenterLarchmont, NY1,320 5,137 1,036 1,320 6,173 7,493 (2,350)1981Jun-11
Falcaro's PlazaLawrence, NY3,410 9,678 5,653 3,410 15,331 18,741 (5,370)1972Jun-11
Mamaroneck CentreMamaroneck, NY2,198 1,999 11,739 2,198 13,738 15,936 (2,535)2020Jun-11
Sunshine SquareMedford, NY7,350 24,713 3,505 7,350 28,218 35,568 (11,916)2007Jun-11
Wallkill PlazaMiddletown, NY1,360 8,410 2,021 1,360 10,431 11,791 (5,245)1986Jun-11
Monroe PlazaMonroe, NY1,840 16,111 667 1,840 16,778 18,618 (7,789)1985Jun-11
Rockland PlazaNanuet, NY11,097 60,790 14,854 11,097 75,644 86,741 (25,757)2006Jun-11
North Ridge Shopping CenterNew Rochelle, NY4,910 9,612 3,763 4,910 13,375 18,285 (4,864)1971Jun-11
Nesconset Shopping CenterPort Jefferson Station, NY5,510 20,473 9,102 5,510 29,575 35,085 (10,004)1961Jun-11
Roanoke PlazaRiverhead, NY5,050 15,177 3,198 5,050 18,375 23,425 (7,100)2002Jun-11
The Shops at RiverheadRiverhead, NY6,331 — 36,243 3,899 38,675 42,574 (12,187)2018Jun-11
Rockville CentreRockville Centre, NY3,590 6,982 397 3,590 7,379 10,969 (3,026)1975Jun-11
College Plaza (6)Selden, NY8,270 14,267 19,378 8,270 33,645 41,915 (10,280)2025Jun-11
Campus PlazaVestal, NY1,170 16,384 1,058 1,170 17,442 18,612 (8,264)2003Jun-11
Parkway PlazaVestal, NY2,168 18,651 3,415 2,181 22,053 24,234 (9,509)1995Jun-11
Shoppes at VestalVestal, NY1,340 14,730 1,135 1,340 15,865 17,205 (5,592)2000Jun-11
Town SquareVestal, NY2,520 41,457 19,133 2,520 60,590 63,110 (20,619)1991Jun-11
Highridge PlazaYonkers, NY6,020 17,358 4,245 6,020 21,603 27,623 (7,422)1977Jun-11
Brunswick Town CenterBrunswick, OH2,930 18,561 5,808 2,969 24,330 27,299 (8,607)2004Jun-11
Brentwood PlazaCincinnati, OH5,090 20,513 3,456 5,090 23,969 29,059 (11,270)2004Jun-11
Delhi Shopping CenterCincinnati, OH3,690 8,085 2,580 3,690 10,665 14,355 (5,065)1973Jun-11
Harpers StationCincinnati, OH3,987 27,804 (23,585)1,186 7,020 8,206 (2,497)1994Jun-11
Western Hills PlazaCincinnati, OH8,690 27,664 16,277 8,690 43,941 52,631 (13,801)2021Jun-11
Western VillageCincinnati, OH3,420 12,817 1,390 3,370 14,257 17,627 (7,404)2005Jun-11
Crown PointColumbus, OH2,120 14,980 2,268 2,120 17,248 19,368 (8,948)1980Jun-11
Costs Capitalized Subsequent to Acquisition(3)
Gross Amount at Which Carried
Initial Cost to Company(2)
at the Close of the Period
Description(1)
LandBuilding & ImprovementsLand
Building & Improvements(4)
TotalAccumulated Depreciation
Year Built(5)
Date Acquired
Greentree Shopping CenterColumbus, OH1,920 12,531 3,097 1,920 15,628 17,548 (7,509)2005Jun-11
South Towne CentreDayton, OH4,990 43,152 4,455 4,990 47,607 52,597 (20,640)1972Jun-11
Southland Shopping CenterMiddleburg Heights, OH5,940 55,360 (12,680)3,844 44,776 48,620 (22,670)1951Jun-11
The Shoppes at North OlmstedNorth Olmsted, OH510 4,151 5 510 4,156 4,666 (2,460)2002Jun-11
Surrey SquareNorwood, OH3,900 18,402 3,090 3,900 21,492 25,392 (9,720)2010Jun-11
Miracle Mile Shopping PlazaToledo, OH1,510 15,792 2,992 1,411 18,883 20,294 (10,429)1955Jun-11
Village WestAllentown, PA4,180 23,402 2,385 4,180 25,787 29,967 (10,676)1999Jun-11
Park Hills PlazaAltoona, PA4,390 23,218 (21,801)233 5,574 5,807 (1,237)1985Jun-11
Lehigh Shopping CenterBethlehem, PA6,980 34,900 5,186 6,980 40,086 47,066 (20,807)1955Jun-11
Bristol ParkBristol, PA3,180 21,530 2,961 3,241 24,430 27,671 (9,340)1993Jun-11
New Britain Village SquareChalfont, PA4,250 24,449 3,676 4,250 28,125 32,375 (10,761)1989Jun-11
Collegeville Shopping CenterCollegeville, PA3,410 7,451 7,124 3,410 14,575 17,985 (6,420)2020Jun-11
Plymouth Square Shopping CenterConshohocken, PA17,001 44,208 40,835 17,001 85,043 102,044 (11,550)2024May-19
Whitemarsh Shopping CenterConshohocken, PA3,410 11,753 7,162 3,410 18,915 22,325 (6,547)2002Jun-11
Valley FairDevon, PA1,810 8,161 (5,657)1,152 3,162 4,314 (1,315)2001Jun-11
Dickson City CrossingsDickson City, PA4,800 31,423 8,945 4,825 40,343 45,168 (16,544)2023Jun-11
Barn Plaza (6)Doylestown, PA8,780 29,183 10,857 8,780 40,040 48,820 (13,200)2025Jun-11
Pilgrim GardensDrexel Hill, PA2,090 5,043 6,795 2,090 11,838 13,928 (5,554)1955Jun-11
North Penn Market PlaceLansdale, PA3,060 5,253 2,031 3,060 7,284 10,344 (3,284)1977Jun-11
Village at NewtownNewtown, PA7,690 37,765 46,465 7,690 84,230 91,920 (24,750)2021Jun-11
IvyridgePhiladelphia, PA7,100 21,004 (257)7,100 20,747 27,847 (7,721)1963Jun-11
Roosevelt MallPhiladelphia, PA10,970 89,141 58,676 10,970 147,817 158,787 (42,931)2024Jun-11
Shoppes at Valley ForgePhoenixville, PA2,010 13,025 2,749 2,010 15,774 17,784 (7,307)2003Jun-11
County Line PlazaSouderton, PA910 8,346 5,032 910 13,378 14,288 (4,924)1971Jun-11
69th Street PlazaUpper Darby, PA640 4,362 1,015 640 5,377 6,017 (2,156)1994Jun-11
Warminster Towne CenterWarminster, PA4,310 35,284 3,681 4,310 38,965 43,275 (16,610)1997Jun-11
Shops at ProspectWest Hempfield, PA760 6,532 799 760 7,331 8,091 (3,333)1994Jun-11
Whitehall SquareWhitehall, PA4,350 33,067 2,084 4,350 35,151 39,501 (15,062)2006Jun-11
Wilkes-Barre Township MarketplaceWilkes-Barre, PA2,180 17,430 3,751 2,180 21,181 23,361 (12,316)2004Jun-11
Belfair Towne VillageBluffton, SC4,265 31,801 3,427 4,265 35,228 39,493 (12,297)2006Jun-11
Milestone PlazaGreenville, SC2,563 15,645 2,960 2,563 18,605 21,168 (7,883)1995Oct-13
Circle CenterHilton Head Island, SC3,010 5,832 (809)3,010 5,023 8,033 (1,760)2000Jun-11
The Fresh Market ShoppesHilton Head Island, SC5,940 20,255 766 5,940 21,021 26,961 (1,271)1983Jul-24
Island PlazaJames Island, SC2,940 9,252 3,739 2,940 12,991 15,931 (6,441)1994Jun-11
Pawleys Island PlazaPawleys Island, SC5,264 21,804 1,840 5,264 23,644 28,908 (3,178)2015Oct-21
Fairview Corners I & IISimpsonville, SC2,370 17,117 2,325 2,370 19,442 21,812 (8,669)2003Jun-11
Hillcrest Market Place (6)Spartanburg, SC4,190 34,825 15,745 4,190 50,570 54,760 (18,882)2025Jun-11
Watson Glen Shopping CenterFranklin, TN5,220 14,990 6,414 5,220 21,404 26,624 (7,170)1988Jun-11
Williamson SquareFranklin, TN7,730 22,789 7,391 7,730 30,180 37,910 (15,105)1988Jun-11
Greeneville CommonsGreeneville, TN2,880 13,524 3,657 2,880 17,181 20,061 (7,172)2002Jun-11
Kingston OverlookKnoxville, TN2,060 6,743 1,641 2,060 8,384 10,444 (2,607)1996Jun-11
The Market at WolfcreekMemphis, TN23,239 58,489 21,752 23,252 80,228 103,480 (34,221)2014Jun-11
Georgetown SquareMurfreesboro, TN3,716 8,598 2,830 3,716 11,428 15,144 (4,544)2003Jun-11
Nashboro VillageNashville, TN2,243 11,662 336 2,243 11,998 14,241 (5,212)1998Oct-13
Parmer CrossingAustin, TX5,927 11,282 1,821 5,927 13,103 19,030 (5,996)1989Jun-11
Baytown Shopping CenterBaytown, TX3,410 6,776 1,408 3,410 8,184 11,594 (3,232)1987Jun-11
El CaminoBellaire, TX1,320 3,816 1,104 1,320 4,920 6,240 (2,228)2008Jun-11
TownshireBryan, TX1,790 6,399 891 1,790 7,290 9,080 (4,852)2002Jun-11
Central StationCollege Station, TX4,340 21,704 3,495 4,340 25,199 29,539 (10,103)1976Jun-11
Rock Prairie CrossingCollege Station, TX2,460 13,618 287 2,401 13,964 16,365 (7,182)2002Jun-11
Carmel VillageCorpus Christi, TX1,900 4,536 5,819 1,903 10,352 12,255 (3,131)2019Jun-11
Arboretum VillageDallas, TX17,154 33,384 849 17,154 34,233 51,387 (4,751)2014Jan-22
Claremont VillageDallas, TX1,700 3,035 1,636 1,700 4,671 6,371 (849)1976Jun-11
Kessler PlazaDallas, TX1,390 3,702 2,360 1,390 6,062 7,452 (2,038)1975Jun-11
Stevens Park VillageDallas, TX1,270 3,182 937 1,270 4,119 5,389 (2,398)1974Jun-11
Webb Royal PlazaDallas, TX2,470 6,576 31 2,470 6,607 9,077 (3,876)1961Jun-11
Wynnewood Village (6)Dallas, TX16,982 42,953 49,428 17,200 92,163 109,363 (26,390)2025Jun-11
ParktownDeer Park, TX2,790 7,319 1,303 2,790 8,622 11,412 (4,758)1999Jun-11
Ridglea PlazaFort Worth, TX2,770 16,178 1,785 2,770 17,963 20,733 (7,534)1990Jun-11
Trinity CommonsFort Worth, TX5,780 26,317 3,605 5,780 29,922 35,702 (14,424)1998Jun-11
Preston RidgeFrisco, TX25,820 127,082 16,032 25,820 143,114 168,934 (57,056)2018Jun-11
Village PlazaGarland, TX3,230 6,786 3,411 3,230 10,197 13,427 (4,039)2002Jun-11
Highland Village Town CenterHighland Village, TX3,370 7,439 664 3,370 8,103 11,473 (3,502)1996Jun-11
Bay ForestHouston, TX1,500 6,557 688 1,500 7,245 8,745 (3,252)2004Jun-11
Beltway SouthHouston, TX3,340 9,759 854 3,340 10,613 13,953 (6,062)1998Jun-11
Braes HeightsHouston, TX1,700 15,246 10,103 1,700 25,349 27,049 (7,917)2022Jun-11
Costs Capitalized Subsequent to Acquisition(3)
Gross Amount at Which Carried
Initial Cost to Company(2)
at the Close of the Period
Description(1)
LandBuilding & ImprovementsLand
Building & Improvements(4)
TotalAccumulated Depreciation
Year Built(5)
Date Acquired
BraesgateHouston, TX1,570 2,813 747 1,570 3,560 5,130 (1,952)1997Jun-11
BroadwayHouston, TX1,720 5,472 2,583 1,720 8,055 9,775 (3,536)2006Jun-11
Clear Lake Camino SouthHouston, TX3,320 12,136 847 3,320 12,983 16,303 (5,169)1964Jun-11
Hearthstone CornersHouston, TX5,240 14,208 240 5,240 14,448 19,688 (5,636)2019Jun-11
Jester VillageHouston, TX1,380 4,623 9,575 1,380 14,198 15,578 (3,700)2022Jun-11
Jones Plaza (6)Houston, TX2,110 11,450 4,581 2,110 16,031 18,141 (5,554)2025Jun-11
Jones SquareHouston, TX3,210 10,716 2,093 3,210 12,809 16,019 (5,233)1999Jun-11
MaplewoodHouston, TX1,790 5,535 1,762 1,790 7,297 9,087 (3,242)2004Jun-11
Merchants ParkHouston, TX6,580 32,200 4,326 6,580 36,526 43,106 (16,849)2009Jun-11
NorthgateHouston, TX740 1,707 1,274 740 2,981 3,721 (963)1972Jun-11
NorthshoreHouston, TX5,970 22,827 5,473 5,970 28,300 34,270 (10,990)2001Jun-11
Northtown PlazaHouston, TX4,990 18,209 5,908 4,990 24,117 29,107 (9,182)1960Jun-11
Orange GroveHouston, TX3,670 15,758 6,000 3,670 21,758 25,428 (9,988)2005Jun-11
Royal Oaks VillageHouston, TX4,620 29,536 2,583 4,620 32,119 36,739 (12,676)2001Jun-11
Tanglewilde CenterHouston, TX1,620 7,437 1,536 1,620 8,973 10,593 (4,283)1998Jun-11
West U MarketplaceHouston, TX8,554 25,511 1,062 8,554 26,573 35,127 (3,620)2000Apr-22
Westheimer CommonsHouston, TX5,160 12,866 5,207 5,160 18,073 23,233 (8,679)1984Jun-11
Crossroads Centre - PasadenaPasadena, TX4,660 11,153 7,804 4,660 18,957 23,617 (8,094)1997Jun-11
Spencer SquarePasadena, TX5,360 19,464 1,937 4,861 21,900 26,761 (9,535)1998Jun-11
Pearland PlazaPearland, TX3,020 9,076 2,800 3,020 11,876 14,896 (5,359)1995Jun-11
Market PlazaPlano, TX6,380 20,529 1,673 6,380 22,202 28,582 (9,457)2002Jun-11
Preston Park Village (6)Plano, TX8,506 81,652 23,329 8,507 104,980 113,487 (25,485)2025Oct-13
Keegan's MeadowStafford, TX3,300 9,947 2,163 3,300 12,110 15,410 (4,721)1999Jun-11
Lake Pointe VillageSugar Land, TX19,827 65,239 (70)19,827 65,169 84,996 (7,104)2010Jun-22
Texas City BayTexas City, TX3,780 17,928 8,552 3,780 26,480 30,260 (10,807)2005Jun-11
Windvale CenterThe Woodlands, TX3,460 9,479 7,150 3,460 16,629 20,089 (2,964)2002Jun-11
Culpeper Town SquareCulpeper, VA3,200 9,235 833 3,254 10,014 13,268 (4,182)1999Jun-11
Hanover SquareMechanicsville, VA3,540 16,145 7,248 3,557 23,376 26,933 (8,611)1991Jun-11
Cave Spring CornersRoanoke, VA3,060 11,284 3,717 3,060 15,001 18,061 (7,307)2005Jun-11
Hunting HillsRoanoke, VA1,150 7,661 2,394 1,116 10,089 11,205 (5,762)1989Jun-11
Hilltop PlazaVirginia Beach, VA5,170 21,956 5,814 5,154 27,786 32,940 (11,726)2010Jun-11
Rutland PlazaRutland, VT2,130 20,924 2,855 2,252 23,657 25,909 (9,215)1997Jun-11
Mequon PavilionsMequon, WI7,520 29,714 14,632 7,411 44,455 51,866 (16,941)1967Jun-11
Moorland Square Shopping CtrNew Berlin, WI2,080 9,256 2,482 2,080 11,738 13,818 (5,214)1990Jun-11
Paradise PavilionWest Bend, WI1,865 15,704 2,448 1,865 18,152 20,017 (8,821)2000Jun-11
Grand Central PlazaParkersburg, WV670 5,704 1,898 670 7,602 8,272 (2,302)1986Jun-11
Remaining portfolioVarious— — 320 — 320 320 — 
$1,875,924 $7,446,304 $2,086,829 $1,834,814 $9,574,243 $11,409,057 $(3,410,179)
(1) As of December 31, 2024, all of the Company’s shopping centers were unencumbered.
(2) The initial cost to the Company represents the original purchase price of the asset, including amounts incurred subsequent to acquisition which were contemplated at the time the property was acquired.
(3) The balance for costs capitalized subsequent to acquisition could include parcels/out-parcels sold, assets held-for-sale, assets written off, and/or provisions for impairment.
(4) Depreciation of the buildings and improvements are calculated over the estimated useful lives which can be up to forty years.
(5) Year of most recent redevelopment or year built if no redevelopment has occurred.
(6) Indicates property is currently in redevelopment.
    
As of December 31, 2024, the aggregate cost for federal income tax purposes was approximately $12.5 billion.
Year Ending December 31,
202420232022
[a] Reconciliation of total real estate carrying value is as follows:
      Balance at beginning of year$10,995,887 $10,898,351 $10,428,414 
      Acquisitions and improvements696,739 350,928 772,025 
      Real estate held for sale(6,417)4,459 (15,852)
      Impairment of real estate(11,143)(17,836)(5,724)
      Cost of property sold(196,065)(168,321)(227,529)
      Write-off of assets no longer in service(69,944)(71,694)(52,983)
      Balance at end of year$11,409,057 $10,995,887 $10,898,351 
[b] Reconciliation of accumulated depreciation as follows:
      Balance at beginning of year$3,198,980 $2,996,759 $2,813,329 
      Depreciation expense340,560 325,577 316,789 
      Property sold(72,308)(64,081)(86,688)
      Write-off of assets no longer in service(57,053)(59,275)(46,671)
      Balance at end of year$3,410,179 $3,198,980 $2,996,759 
v3.25.0.1
Pay vs Performance Disclosure - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Pay vs Performance Disclosure      
Net Income (Loss) $ 339,274 $ 305,087 $ 354,193
v3.25.0.1
Insider Trading Arrangements
 3 Months Ended
Dec. 31, 2024
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.25.0.1
Insider Trading Policies and Procedures
 12 Months Ended
Dec. 31, 2024
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true
v3.25.0.1
Cybersecurity Risk Management and Strategy Disclosure
 12 Months Ended
Dec. 31, 2024
Cybersecurity Risk Management, Strategy, and Governance [Line Items]  
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]
Processes for Assessing, Identifying, and Managing Material Risks from Cybersecurity Threats
Our cybersecurity program has four components: (1) preparation and prevention; (2) detection and analysis; (3) incident response including containment, eradication, recovery, and reporting; and (4) post-incident analysis and program enhancements.
Preparation and Prevention
We utilize a variety of tools, processes, software, and hardware that are managed and monitored by our IT resources including third-party vendors, as applicable, to prevent and prepare for cybersecurity threats. We conduct regular internal and external security audits and vulnerability assessments to reduce the risk of a cybersecurity incident and we implement business continuity, contingency, and recovery plans to mitigate the impact of an incident. As part of these efforts, we engage a third party to conduct periodic penetration testing and an external review of our vulnerabilities. We continue to strengthen access management mechanisms including broad adoption of multi-factor authentication, geolocation-based blocking, and network segmentation. To support our preparedness, we perform tabletop exercises at least once a year to test our CSIRP.

We recognize that threat actors frequently target employees to gain unauthorized access to information systems. Therefore, a key element of our prevention efforts is training employees to recognize and respond to cybersecurity threats. All new hires receive mandatory privacy and information security training. Employees must also complete mandatory ongoing annual cybersecurity and data trainings, which are supplemented throughout the year by regular phishing and other cyber-related awareness activities. Additionally, we conduct specialized training for our high-risk employees on an annual basis and specialized training for employees with access to certain sensitive information systems. These trainings and tests are tracked throughout the year for each employee and are directly tied to their overall compensation.

We recognize that our third-party vendors can be subject to cybersecurity incidents which may impact us. To mitigate third-party risk, vendor access to our network resources is reviewed, authorized, and monitored for appropriateness. Third-party IT vendors that are determined to present a higher risk are also subject to additional diligence such as questionnaires, inquiries, and relevant certifications.

Detection and Analysis
Cybersecurity incidents may be detected through a variety of means and indicators, which may include, but are not limited to, alerts from customers, employees, vendors, service providers, other third parties, and/or automated event-detection notifications. Once a potential cybersecurity incident is identified, including a third-party cybersecurity event, the incident response coordinator follows the procedures pursuant to the CSIRP to investigate the potential incident, including classifying the nature and severity of the event.

Containment, Eradication, Recovery, and Reporting
The IRT is responsible for deciding on a containment strategy to respond to the cybersecurity incident, coordinating resources, and communicating to management with subsequent notification to the Audit Committee, if warranted.

The IRT also directs and coordinates eradication and recovery efforts. Eradication and recovery activities depend on the nature of the cybersecurity incident, which may include, but are not limited to, rebuilding systems and/or hosts, replacing compromised files with clean versions, or validation of files or data that may have been affected. Containment, eradication, and recovery may be aided by third-party vendors or investigators.

Our CSIRP provides clear communication protocols, including with respect to members of management, which may include, depending on the incident's classification and other circumstances, members of the IRT, CEO, CFO, CIO, General Counsel, Audit Committee, and external counsel. In addition, the CSIRP considers communications and reporting to tenants, regulators, and law enforcement.

Post-Incident Activity
After recovery, the IRT conducts a post-incident analysis to identify potential enhancements to the cybersecurity program that can mitigate the risk and/or severity of future incidents. The results of these reviews are shared with management and the Audit Committee.

Cybersecurity Risks
As of December 31, 2024, we have not had any known instances of material cybersecurity incidents. However, there can be no assurance that our cybersecurity efforts and measures will be effective or that attempted cybersecurity incidents or disruptions would not be successful or damaging. See "We and our tenants face risks relating to cybersecurity attacks that could cause the loss of confidential information or other business disruptions" in Item 1A. "Risk Factors" for further information relating to cybersecurity risks.
Cybersecurity Risk Management Processes Integrated [Flag] true
Cybersecurity Risk Management Processes Integrated [Text Block]
Our cybersecurity program has four components: (1) preparation and prevention; (2) detection and analysis; (3) incident response including containment, eradication, recovery, and reporting; and (4) post-incident analysis and program enhancements.
Preparation and Prevention
We utilize a variety of tools, processes, software, and hardware that are managed and monitored by our IT resources including third-party vendors, as applicable, to prevent and prepare for cybersecurity threats. We conduct regular internal and external security audits and vulnerability assessments to reduce the risk of a cybersecurity incident and we implement business continuity, contingency, and recovery plans to mitigate the impact of an incident. As part of these efforts, we engage a third party to conduct periodic penetration testing and an external review of our vulnerabilities. We continue to strengthen access management mechanisms including broad adoption of multi-factor authentication, geolocation-based blocking, and network segmentation. To support our preparedness, we perform tabletop exercises at least once a year to test our CSIRP.

We recognize that threat actors frequently target employees to gain unauthorized access to information systems. Therefore, a key element of our prevention efforts is training employees to recognize and respond to cybersecurity threats. All new hires receive mandatory privacy and information security training. Employees must also complete mandatory ongoing annual cybersecurity and data trainings, which are supplemented throughout the year by regular phishing and other cyber-related awareness activities. Additionally, we conduct specialized training for our high-risk employees on an annual basis and specialized training for employees with access to certain sensitive information systems. These trainings and tests are tracked throughout the year for each employee and are directly tied to their overall compensation.

We recognize that our third-party vendors can be subject to cybersecurity incidents which may impact us. To mitigate third-party risk, vendor access to our network resources is reviewed, authorized, and monitored for appropriateness. Third-party IT vendors that are determined to present a higher risk are also subject to additional diligence such as questionnaires, inquiries, and relevant certifications.

Detection and Analysis
Cybersecurity incidents may be detected through a variety of means and indicators, which may include, but are not limited to, alerts from customers, employees, vendors, service providers, other third parties, and/or automated event-detection notifications. Once a potential cybersecurity incident is identified, including a third-party cybersecurity event, the incident response coordinator follows the procedures pursuant to the CSIRP to investigate the potential incident, including classifying the nature and severity of the event.

Containment, Eradication, Recovery, and Reporting
The IRT is responsible for deciding on a containment strategy to respond to the cybersecurity incident, coordinating resources, and communicating to management with subsequent notification to the Audit Committee, if warranted.

The IRT also directs and coordinates eradication and recovery efforts. Eradication and recovery activities depend on the nature of the cybersecurity incident, which may include, but are not limited to, rebuilding systems and/or hosts, replacing compromised files with clean versions, or validation of files or data that may have been affected. Containment, eradication, and recovery may be aided by third-party vendors or investigators.

Our CSIRP provides clear communication protocols, including with respect to members of management, which may include, depending on the incident's classification and other circumstances, members of the IRT, CEO, CFO, CIO, General Counsel, Audit Committee, and external counsel. In addition, the CSIRP considers communications and reporting to tenants, regulators, and law enforcement.

Post-Incident Activity
After recovery, the IRT conducts a post-incident analysis to identify potential enhancements to the cybersecurity program that can mitigate the risk and/or severity of future incidents. The results of these reviews are shared with management and the Audit Committee.
Cybersecurity Risk Management Third Party Engaged [Flag] true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag] true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag] false
Cybersecurity Risk Board of Directors Oversight [Text Block]
We have dedicated cybersecurity resources led by our Chief Information Officer ("CIO"), who regularly provides reports on cybersecurity to our executive officers, including the CEO and CFO. Our CIO has significant experience in the cybersecurity and IT fields and holds multiple degrees, including a Bachelor of Science in Information Science and a Master of Business Administration. Additionally, our CIO is a Certified Information Security Manager.

We have developed a cybersecurity incident response plan ("CSIRP") for cybersecurity incidents that may jeopardize the confidentiality, integrity, or availability of our IT systems. Our CSIRP guides the internal response to cybersecurity incidents, following a process consistent with well-recognized industry cybersecurity frameworks. Pursuant to the CSIRP and its escalation protocols, we engage the incident response team ("IRT"), which includes designated personnel responsible for: (1) analyzing the severity of the incident and associated threat; (2) notifying management of the threat; (3) containing the threat; (4) eradicating the threat; (5) restoring data and access to systems; (6) working with management to determine the reporting and disclosure obligations associated with the incident; and (7) performing post-incident analysis and improvements. The IRT is led by an incident response coordinator, which in the event of a cybersecurity incident would generally be the CIO, and includes members of our IT resources, risk management, legal, communications, finance, and accounting teams, in addition to any other personnel depending on the particular facts and circumstances of the incident.

We consider cybersecurity as part of our broader consideration of business strategy and enterprise risk management. Our board of directors has delegated to the Audit Committee the responsibility of overseeing our risk management program, including for the cybersecurity program. The Audit Committee receives quarterly updates from our CIO with respect to the cybersecurity program. As part of its oversight, the Audit Committee may, for example, receive updates regarding assessments of our alignment with certain industry cybersecurity frameworks, our cybersecurity insurance coverage, cybersecurity-related internal controls, results of penetration testing, revisions to the CSIRP, business continuity plans, and threat assessments.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block] Our board of directors has delegated to the Audit Committee the responsibility of overseeing our risk management program, including for the cybersecurity program.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block] The Audit Committee receives quarterly updates from our CIO with respect to the cybersecurity program. As part of its oversight, the Audit Committee may, for example, receive updates regarding assessments of our alignment with certain industry cybersecurity frameworks, our cybersecurity insurance coverage, cybersecurity-related internal controls, results of penetration testing, revisions to the CSIRP, business continuity plans, and threat assessments.
Cybersecurity Risk Role of Management [Text Block]
We have developed a cybersecurity incident response plan ("CSIRP") for cybersecurity incidents that may jeopardize the confidentiality, integrity, or availability of our IT systems. Our CSIRP guides the internal response to cybersecurity incidents, following a process consistent with well-recognized industry cybersecurity frameworks. Pursuant to the CSIRP and its escalation protocols, we engage the incident response team ("IRT"), which includes designated personnel responsible for: (1) analyzing the severity of the incident and associated threat; (2) notifying management of the threat; (3) containing the threat; (4) eradicating the threat; (5) restoring data and access to systems; (6) working with management to determine the reporting and disclosure obligations associated with the incident; and (7) performing post-incident analysis and improvements. The IRT is led by an incident response coordinator, which in the event of a cybersecurity incident would generally be the CIO, and includes members of our IT resources, risk management, legal, communications, finance, and accounting teams, in addition to any other personnel depending on the particular facts and circumstances of the incident.
Cybersecurity Risk Management Positions or Committees Responsible [Flag] true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block] We have dedicated cybersecurity resources led by our Chief Information Officer ("CIO"), who regularly provides reports on cybersecurity to our executive officers, including the CEO and CFO.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block] Our CIO has significant experience in the cybersecurity and IT fields and holds multiple degrees, including a Bachelor of Science in Information Science and a Master of Business Administration. Additionally, our CIO is a Certified Information Security Manager.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block] We have dedicated cybersecurity resources led by our Chief Information Officer ("CIO"), who regularly provides reports on cybersecurity to our executive officers, including the CEO and CFO.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag] true
v3.25.0.1
Nature of Business and Financial Statement Presentation (Policies)
 12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Basis of Presentation
Basis of Presentation
The financial information included herein reflects the consolidated financial position of the Company as of December 31, 2024 and 2023 and the consolidated results of its operations and cash flows for the years ended December 31, 2024, 2023, and 2022.
Principles of Consolidation
The accompanying Consolidated Financial Statements include the accounts of the Parent Company, the Operating Partnership, each of their wholly owned subsidiaries and all other entities in which they have a controlling financial interest. All intercompany transactions have been eliminated.

When the Company obtains an economic interest in an entity, management evaluates the entity to determine: (i) whether the entity is a variable interest entity ("VIE"), (ii) in the event the entity is a VIE, whether the Company is the primary beneficiary of the entity, and (iii) in the event the entity is not a VIE, whether the Company otherwise has a controlling financial interest.

The Company consolidates: (i) entities that are VIEs for which the Company is deemed to be the primary beneficiary and (ii) entities that are not VIEs which the Company controls. If the Company has an interest in a VIE but it is not determined to be the primary beneficiary, the Company accounts for its interest under the equity method of accounting. Similarly, for those entities which are not VIEs and the Company does not have a controlling financial interest, the Company accounts for its interests under the equity method of accounting. The Company continually reconsiders its determination of whether an entity is a VIE and whether the Company qualifies as its primary beneficiary. The Company has evaluated the Operating Partnership and has determined it is not a VIE as of December 31, 2024.

The Company acquires properties, from time to time, using a reverse like-kind exchange structure pursuant to Section 1031 of the Internal Revenue Code (a "reverse 1031 exchange") and, as such, the properties are in the possession of an Exchange Accommodation Titleholder ("EAT") until the reverse 1031 exchange is completed. The EAT is classified as a VIE as it is a "thinly capitalized" entity. The Company owns 100% of the EAT, controls the activities that most significantly impact the EAT’s economic performance, and can collapse the reverse 1031
exchange structure at any time. Therefore, the Company consolidates the EAT because it is the primary beneficiary. Assets of the EAT primarily consist of leased property (real estate and intangibles).
Use of Estimates
GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported amounts of revenues and expenses during a reporting period. The most significant assumptions and estimates relate to impairment of real estate, recovery of receivables, and depreciable lives. These estimates are based on historical experience and other assumptions that management believes are reasonable under the circumstances. Management evaluates its estimates on an ongoing basis and makes revisions to these estimates and related disclosures as new information becomes known. Actual results could differ from these estimates.
Non-controlling Interests
Non-controlling Interests
The Company accounts for non-controlling interests in accordance with Accounting Standards Codification ("ASC") 810, Consolidation, and ASC 480 Distinguishing Liabilities from Equity. Non-controlling interests represent the portion of equity that the Company does not own in those entities that it consolidates. The Company identifies its non-controlling interests separately within the equity section of the Consolidated Balance Sheets. The amounts of consolidated net earnings attributable to the Company and to the non-controlling interests are presented separately on the Consolidated Statements of Operations.
Cash and Cash Equivalents
Cash and Cash Equivalents
For purposes of presentation on both the Consolidated Balance Sheets and the Consolidated Statements of Cash Flows, the Company considers instruments with an original maturity of three months or less to be cash and cash equivalents.
The Company maintains its cash and cash equivalents at major financial institutions. The cash and cash equivalents balance at one or more of these financial institutions exceeds the Federal Depository Insurance Corporation ("FDIC") insurance coverage. The Company periodically assesses the credit risk associated with these financial institutions and believes that the risk of loss is minimal.
Restricted Cash
Restricted Cash
Restricted cash represents cash deposited in escrow accounts that generally can only be used for the payment of real estate taxes, debt service, insurance, and future capital expenditures as required by certain loan and lease agreements, as well as legally restricted tenant security deposits and funds held in escrow for pending transactions.
Real Estate
Real Estate
Real estate assets are recognized on the Company’s Consolidated Balance Sheets at historical cost, less accumulated depreciation and amortization. Upon acquisition of real estate operating properties, management estimates the fair value of acquired tangible assets (consisting of land, buildings, and tenant improvements) and identifiable intangible assets and liabilities (consisting of above- and below-market leases and in-place leases) based on an evaluation of available information. Transaction costs incurred during the acquisition process are capitalized as a component of the asset’s value.

The fair value of tangible assets is determined as if the acquired property is vacant. Fair value is determined using an exit price approach, which contemplates the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

In allocating fair value to identifiable intangible assets and liabilities, the value of above-market and below-market leases is estimated based on the present value (using a discount rate reflecting the risks associated with the leases acquired) of the difference between: (i) the contractual amounts to be paid pursuant to the leases negotiated and in-place at the time of acquisition and (ii) management’s estimate of fair market lease rates for the property or an equivalent property, measured over a period equal to the lesser of 30 years or the remaining non-cancelable term of the leases, which includes renewal periods with fixed rental terms that are considered to be below-market. The capitalized above-market or below-market intangibles are amortized as a reduction of, or increase to, rental income over the remaining non-cancelable term of the leases.
The value of in-place leases is estimated based on management’s evaluation of the specific characteristics of each tenant lease, including: (i) fair market rent and the reimbursement of property operating expenses, including common area expenses, utilities, insurance, real estate taxes, and capital expenditures that would be forgone during a hypothetical expected lease-up period and (ii) costs that would be incurred, including leasing commissions, legal and marketing costs, and tenant improvements and allowances, to execute similar leases. The value assigned to in-place leases is amortized to Depreciation and amortization expense over the remaining term of the leases.

Certain real estate assets are depreciated using the straight-line method over the estimated useful lives of the assets. The estimated useful lives are as follows:
Building and building and land improvements
20 – 40 years
Furniture, fixtures, and equipment
5 – 10 years
Tenant improvementsThe shorter of the term of the related lease or useful life

Costs to fund major replacements and betterments, which extend the life of the asset, are capitalized and depreciated over their respective useful lives, while costs for ordinary repairs and maintenance activities are expensed to Operating costs as incurred.

In situations in which a tenant’s non-cancelable lease term has been modified, the Company evaluates the remaining useful lives of depreciable or amortizable assets in the asset group related to the lease (i.e., tenant improvements, above- and below-market lease intangibles, in-place lease value, and leasing commissions). Based upon consideration of the facts and circumstances surrounding the modification, the Company may accelerate the depreciation and amortization associated with the asset group.

Management periodically assesses whether there are any indicators, including property operating performance, changes in anticipated hold period, and general market conditions, that the carrying value of the Company’s real estate assets (including any related intangible assets or liabilities) may be impaired. If an indicator is identified, a real estate asset is considered impaired only if management’s estimate of aggregate future undiscounted and unleveraged property operating cash flows, taking into account the anticipated probability-weighted hold period, is less than the carrying value of the property. Various factors are considered in the estimation process, including the anticipated hold period, current and/or future reinvestment projects, and the effects of demand and competition on future operating income and/or property values. Changes in any estimates and/or assumptions, particularly the anticipated hold period, could have a material impact on the projected operating cash flows. If management determines that the carrying value of a real estate asset is impaired, an impairment charge is recognized to reflect the estimated fair value of the asset

When management identifies a real estate asset as held for sale, the Company discontinues depreciating the asset and estimates its sales price, net of estimated selling costs. If the estimated net sales price of an asset is less than its net carrying value, an impairment charge is recognized to reflect the estimated fair value of the asset. Properties classified as real estate held for sale represent properties that are under contract for sale and where the applicable pre-sale due diligence period has expired prior to the end of the reporting period.
Real Estate Under Development and Redevelopment
Real Estate Under Development and Redevelopment
Certain costs are capitalized related to the development and redevelopment of real estate including pre-construction costs, construction costs, real estate taxes, insurance, utilities, and compensation and other related costs of personnel directly involved. Additionally, the Company capitalizes interest expense related to development and redevelopment activities. Capitalization of these costs begins when the activities and related expenditures commence and ceases when the project is substantially complete and ready for its intended use, at which time the project is placed in service and depreciation commences. Additionally, the Company makes estimates as to the probability of certain development and redevelopment projects being completed. If the Company determines the development or redevelopment is no longer probable of completion, the Company expenses all capitalized costs that are not recoverable.
Deferred Leasing and Financing Costs
Deferred Leasing and Financing Costs
Direct costs incurred in executing tenant leases and long-term financings are capitalized and amortized using the straight-line method over the term of the related lease or debt agreement, which approximates the effective interest method. For tenant leases, capitalized costs incurred include tenant improvements, tenant allowances, leasing
commissions, and leasing legal fees. For long-term financings, capitalized costs incurred include bank and legal fees. The amortization of deferred leasing and financing costs is included in Depreciation and amortization and Interest expense, respectively, on the Company’s Consolidated Statements of Operations and in Operating activities on the Company’s Consolidated Statements of Cash Flows.
Marketable Securities
Marketable Securities
The Company classifies its marketable securities, which are comprised of debt securities, as available-for-sale. These securities are carried at fair value, which is based primarily on publicly traded market values in active markets, and is classified accordingly on the fair value hierarchy.

Any unrealized loss on the Company’s financial instruments must be assessed to determine the portion, if any, that is attributable to credit loss and the portion that is due to other factors, such as changes in market interest rates. “Credit loss” refers to any portion of the carrying amount that the Company does not expect to collect over a financial instrument’s contractual life. The Company considers current market conditions and reasonable forecasts of future market conditions to estimate expected credit losses over the life of the financial instrument. Any portion of unrealized losses due to credit loss is recognized through net income and reported in equity as a component of distributions in excess of net income. The portion of unrealized losses due to other factors is recognized through other comprehensive income (loss) and reported in accumulated other comprehensive income (loss).
Derivative Financial Instruments and Hedging
Derivative Financial Instruments and Hedging
Derivatives are measured at fair value and are recognized in the Company’s Consolidated Balance Sheets as assets or liabilities, depending on the Company’s rights or obligations under the applicable derivative contract. The accounting for changes in the fair value of a derivative varies based on the intended use of the derivative, whether the Company has elected to designate the derivative in a hedging relationship and apply hedge accounting, and whether the hedging relationship has satisfied the necessary hedge accounting criteria. Derivatives designated as a hedge of the exposure to variability in expected future cash flows are considered cash flow hedges. In a cash flow hedge, hedge accounting generally provides for the matching of the timing of recognition of gain or loss on the hedging instrument with the recognition of the earnings effect of the hedged transaction.
Revenue Recognition and Receivables
Revenue Recognition and Receivables
The Company enters into agreements with tenants that convey the right to control the use of identified space at its shopping centers in exchange for rental revenue. These agreements meet the criteria for recognition as leases under ASC 842, Leases. Rental revenue is recognized on a straight-line basis over the terms of the related leases. The cumulative difference between rental revenue recognized on the Company’s Consolidated Statements of Operations and contractual payment terms is recognized as deferred rent and included in Receivables, net on the accompanying Consolidated Balance Sheets. The Company commences recognizing rental revenue based on the date it makes the underlying asset available for use by the tenant. Leases also typically provide for the reimbursement of property operating expenses, including common area expenses, utilities, insurance, and real estate taxes, and certain capital expenditures related to the maintenance of our properties, by the lessee and are recognized in the period the applicable expenditures are incurred and/or contractually required to be reimbursed.

The Company accounts for rental revenue (lease component) and common area expense reimbursements (non-lease component) as one lease component under ASC 842. The Company also includes the non-components of its leases, such as the reimbursement of utilities, insurance, real estate taxes, and certain capital expenditures related to the maintenance of our properties, within this lease component. These amounts are included in Rental income on the Company’s Consolidated Statements of Operations.

Certain leases also provide for percentage rents based upon the sales of a lessee. Percentage rents are recognized upon the achievement of certain predetermined sales thresholds and are included in Rental income on the Company’s Consolidated Statements of Operations.

Gains from the sale of depreciated operating properties are generally recognized under the full accrual method, provided that various criteria relating to the terms of the sale and subsequent involvement by the Company with the applicable property are met.
The Company periodically evaluates the collectability of its receivables related to rental revenue, straight-line rent, expense reimbursements, and those attributable to other revenue generating activities. The Company analyzes individual tenant receivables and considers tenant credit-worthiness, the length of time a receivable has been outstanding, and current economic trends when evaluating collectability. Any receivables that are deemed to be uncollectible are recognized as a reduction to Rental income on the Company’s Consolidated Statements of Operations.
Leases
Leases
The Company periodically enters into agreements in which it is the lessee, including ground leases for shopping centers that it operates and office leases for administrative space. These agreements meet the criteria for recognition as leases under ASC 842. For these agreements the Company recognizes an operating lease right-of-use ("ROU") asset and an operating lease liability based on the present value of the minimum lease payments over the non-cancelable lease term. As the discount rates implicit in the leases are not readily determinable, the Company uses its incremental secured borrowing rate, based on information available at the commencement date of each lease, to determine the present value of the associated lease payments. The lease terms utilized by the Company may include options to extend or terminate the lease when it is reasonably certain that it will exercise such options. The Company evaluates many factors, including current and future lease cash flows, when determining if an option to extend or terminate should be included in the non-cancelable period. Lease expense for minimum lease payments is recognized on a straight-line basis over the non-cancelable lease term. The Company applies the short-term lease exemption within ASC 842 and has not recorded ROU assets or lease liabilities for leases with original terms of less than 12 months. Leases also typically provide for the reimbursement of property operating expenses, including common area expenses, utilities, insurance, and real estate taxes, and certain capital expenditures related to the maintenance of the properties, by the Company.

For leases where it is the lessee, the Company accounts for lease payments (lease component) and common area expense reimbursements (non-lease component) as one lease component under ASC 842. The Company also includes the non-components of its leases, such as the reimbursement of utilities, insurance, real estate taxes, and certain capital expenditures related to the maintenance of our properties, within this lease component. These amounts are included in Operating expenses on the Company’s Consolidated Statements of Operations.
Stock Based Compensation
Stock Based Compensation
The Company accounts for equity awards in accordance with ASC 718, Compensation - Stock Compensation, which requires that all share-based payments to employees and non-employee directors be recognized in the Consolidated Statements of Operations over the service period based on their fair value. Fair value is determined based on the type of award, using either the grant date market price of the Company’s common stock or the results of a Monte Carlo simulation model. Equity compensation expense is included in General and administrative expenses on the Company’s Consolidated Statements of Operations.
Income Taxes
Income Taxes
The Parent Company has elected to qualify as a REIT in accordance with the Internal Revenue Code of 1986, as amended (the "Code"). To qualify as a REIT, the Parent Company must meet several organizational and operational requirements, including a requirement that it annually distribute to its stockholders at least 90% of its REIT taxable income, determined without regard to the deduction for dividends paid and excluding net capital gains. Management intends to continue to satisfy these requirements and maintain the Parent Company’s REIT status. As a REIT, the Parent Company generally will not be subject to U.S. federal income tax, provided that distributions to its stockholders equal at least the amount of its REIT taxable income as defined under the Code.

The Parent Company conducts substantially all of its operations through the Operating Partnership, which is organized as a limited partnership and treated as a pass-through entity for U.S. federal tax purposes. Therefore, U.S. federal income taxes do not materially impact the Consolidated Financial Statements of the Company.

If the Parent Company fails to qualify as a REIT in any taxable year, it will be subject to U.S. federal taxes at regular corporate rates and may not be able to qualify as a REIT for the four subsequent taxable years. Even if the Parent Company qualifies for taxation as a REIT, the Parent Company is subject to certain state and local taxes on its income and property, and to U.S. federal income and excise taxes on its undistributed taxable income as well as other income items, as applicable.
The Parent Company has elected to treat certain of its subsidiaries as taxable REIT subsidiaries (each a "TRS"), and the Parent Company may in the future elect to treat newly formed and/or other existing subsidiaries as TRSs. A TRS may participate in non-real estate related activities and/or perform non-customary services for tenants and is subject to certain limitations under the Code. A TRS is subject to U.S. federal, state, and local income taxes at regular corporate rates. Income taxes related to the Parent Company’s TRSs do not materially impact the Consolidated Financial Statements of the Company.

The Company has considered the tax positions taken for the open tax years and has concluded that no provision for income taxes related to uncertain tax positions is required in the Company’s Consolidated Financial Statements as of December 31, 2024 and 2023. Open tax years generally range from 2021 through 2023 but may vary by jurisdiction and issue. The Company recognizes penalties and interest accrued related to unrecognized tax benefits as income tax expense, which is included in Other on the Company’s Consolidated Statements of Operations.
New Accounting Pronouncements
New Accounting Pronouncements
In October 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2023-06 "Disclosure Improvements - Codification Amendments in Response to the SEC's Disclosure Update and Simplification Initiative." ASU 2023-06 modifies the disclosure or presentation requirements of a variety of topics in the ASC. These amendments align many disclosure requirements with those already required by the Securities Exchange Commission (the "SEC") under Regulation S-X or Regulation S-K. The ASC amendments in ASU 2023-06 become effective on the date which the SEC's removal of the related disclosure requirement from Regulation S-X or Regulation S-K becomes effective, with early adoption prohibited. If by June 30, 2027, the SEC has not removed the applicable requirement from Regulation S-X or Regulation S-K, the pending content of the related amendment in ASU 2023-06 will not become effective for any entity. The Company does not expect the adoption of the amendments in ASU 2023-06 will have a material impact on the Consolidated Financial Statements of the Company.

In November 2023, the FASB issued ASU 2023-07, “Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures.” ASU 2023-07 improves disclosures about a public entity's reportable segments and addresses requests from investors for additional, more detailed information about a reportable segment's expenses. The provisions in this amendment are applicable to public entities with a single reportable segment. The standard became effective for the Company's annual reporting on January 1, 2024 and interim reporting beginning on January 1, 2025. With the exception of additional footnote disclosure regarding significant expense categories reviewed by the Chief Operating Decision Maker ("CODM"), the Company determined that the adoption of ASU 2023-07 did not have a material impact on the Consolidated Financial Statements of the Company.

In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740) - Improvements to Income Tax Disclosures.” ASU 2023-09 addresses investor requests for more transparency about income tax information through improvements to income tax disclosure primarily related to the rate reconciliation and income taxes paid information. The standard is effective for annual periods beginning after December 15, 2024, with early adoption permitted. The Company continues to evaluate the impact of the guidance, but does not expect the adoption of ASU 2023-09 will have a material impact on the Consolidated Financial Statements of the Company.

In November 2024, the FASB issued ASU 2024-03, “Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40).” ASU 2024-03 addresses investor feedback for disclosure of disaggregated financial reporting information and more detailed information about expenses. Investors specifically requested more granular information about cost of sales and selling, general, and administrative expenses and employee compensation costs. The standard is effective for annual periods beginning after December 15, 2026 and interim periods beginning after December 15, 2027, with early adoption permitted. The Company continues to evaluate the impact of ASU 2024-03 on the Consolidated Financial Statements of the Company.

Any other recently issued accounting standards or pronouncements have been excluded as they either are not relevant to the Company or they are not expected to have a material impact on the Consolidated Financial Statements of the Company.
v3.25.0.1
Nature of Business and Financial Statement Presentation (Tables)
 12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Schedule of Estimated Useful Lives
Certain real estate assets are depreciated using the straight-line method over the estimated useful lives of the assets. The estimated useful lives are as follows:
Building and building and land improvements
20 – 40 years
Furniture, fixtures, and equipment
5 – 10 years
Tenant improvementsThe shorter of the term of the related lease or useful life
v3.25.0.1
Acquisition of Real Estate (Tables)
 12 Months Ended
Dec. 31, 2024
Real Estate [Abstract]  
Schedule of Asset Acquisition
During the year ended December 31, 2024, the Company acquired the following assets, in separate transactions:
Description(1)
LocationMonth AcquiredGLA
Aggregate Purchase Price(2)
West CenterEast Setauket, NYApr-2442,594 $17,470 
The Fresh Market ShoppesHilton Head Island, SCJul-2486,398 23,848 
Land at King's MarketRoswell, GAJul-24N/A2,337 
Acton PlazaActon, MAAug-24137,572 38,207 
Huron VillageAnn Arbor, MINov-24118,482 29,503 
Land at Arborland CenterAnn Arbor, MINov-24N/A48 
Britton PlazaTampa, FLNov-24465,639 60,888 
The Plaza at Buckland Hills (3)
Manchester, CTDec-24308,192 67,681 
North Ridge Shopping Center (3)
Raleigh, NCDec-24171,372 53,788 
1,330,249 $293,770 
(1)No debt was assumed related to any of the listed acquisitions.
(2)Aggregate purchase price includes $3.3 million of transaction costs, offset by $2.5 million of closing credits.
(3)The Company acquired these properties in a single transaction.

During the year ended December 31, 2023, the Company acquired the following assets, in separate transactions:
Description(1)
LocationMonth AcquiredGLA
Aggregate Purchase Price(2)
Land at Aurora Plaza(3)
Aurora, COApr-23N/A$1,914 
Paradise Pavilion - Land ParcelWest Bend, WINov-23N/A355 
— $2,269 
(1)No debt was assumed related to any of the listed acquisitions.
(2)Aggregate purchase price includes $0.2 million of transaction costs, offset by $0.1 million of closing credits.
(3)The Company terminated a ground lease and acquired the associated land parcel

The aggregate purchase price of the assets acquired during the years ended December 31, 2024 and 2023, respectively, has been allocated as follows:
Year Ended December 31,
Assets20242023
Land$73,347 $2,269 
Buildings178,815 — 
Building and tenant improvements10,474 — 
Above-market leases(1)
1,001 — 
In-place leases(2)
79,947 — 
Total assets343,584 2,269 
Liabilities
Below-market leases(3)
$49,814 $— 
Total liabilities49,814 — 
Net assets acquired$293,770 $2,269 
(1)The weighted average amortization period at the time of acquisition for above-market leases related to assets acquired during the year ended December 31, 2024 was 6.5 years.
(2)The weighted average amortization period at the time of acquisition for in-place leases related to assets acquired during the year ended December 31, 2024 was 6.2 years.
(3)The weighted average amortization period at the time of acquisition for below-market leases related to assets acquired during the year ended December 31, 2024 was 25.5 years.
v3.25.0.1
Dispositions and Assets Held for Sale (Tables)
 12 Months Ended
Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Reclassificationa of Disposal Groups, Including Discontinued Operations The following table presents the assets associated with the properties classified as held for sale:
AssetsDecember 31, 2024December 31, 2023
Land$1,280 $— 
Buildings and improvements4,520 — 
Accumulated depreciation and amortization(1,658)— 
Real estate, net4,142 — 
Other assets47 — 
Assets associated with real estate assets held for sale$4,189 $— 
v3.25.0.1
Real Estate (Tables)
 12 Months Ended
Dec. 31, 2024
Real Estate [Abstract]  
Schedule of Real Estate Properties
The Company’s components of Real estate, net consisted of the following:
December 31, 2024December 31, 2023
Land$1,834,814 $1,794,011 
Buildings and improvements:
Buildings and tenant improvements9,047,831 8,696,881 
Lease intangibles(1)
526,412 504,995 
11,409,057 10,995,887 
Accumulated depreciation and amortization(2)
(3,410,179)(3,198,980)
Total$7,998,878 $7,796,907 
(1)As of December 31, 2024 and 2023, Lease intangibles consisted of $482.7 million and $456.8 million, respectively, of in-place leases and $43.8 million and $48.2 million, respectively, of above-market leases. These intangible assets are amortized over the term of each related lease.
(2)As of December 31, 2024 and 2023, Accumulated depreciation and amortization included $433.0 million and $445.5 million, respectively, of accumulated amortization related to Lease intangibles.
Schedule of Expected Net Amortization Expense Associated with Intangible Assets and Liabilities The Company’s estimated below-market lease accretion income, net of above-market lease amortization expense, and in-place lease amortization expense for the next five years are as follows:
Year ending December 31,
Below-market lease accretion (income), net of above-market lease amortization expense
In-place lease amortization expense
2025$(12,270)$22,687 
2026(10,538)16,101 
2027(9,268)12,061 
2028(8,649)9,115 
2029(7,367)6,167 
v3.25.0.1
Impairments (Tables)
 12 Months Ended
Dec. 31, 2024
Impairment of Real Estate [Abstract]  
Schedule of Impairments
The Company recognized the following impairments during the year ended December 31, 2024:
Year Ended December 31, 2024
Property Name(1)
LocationGLAImpairment Charge
Southland Shopping Center - multi-tenant outparcelMiddleburg Heights, OH149,891 $5,611 
Seacoast Shopping CenterSeabrook, NH89,634 5,062 
Land at Springdale(2)
Mobile, AL— 252 
Victory Square - Bridgestone Outparcel(2)
Savannah, GA6,702 218 
246,227 $11,143 
(1)The Company recognized impairment charges based upon changes in the anticipated hold periods of these properties and/or offers from third-party buyers primarily in connection with the Company’s capital recycling program.
(2)The Company disposed of this property during the year ended December 31, 2024.

The Company recognized the following impairments during the year ended December 31, 2023:
Year Ended December 31, 2023
Property Name(1)
LocationGLAImpairment Charge
The Quentin CollectionKildeer, IL171,530 $11,705 
Broadway Faire - Theater Box(2)
Fresno, CA39,983 2,102 
Elk Grove Town Center(2)
Elk Grove Village, IL47,704 1,796 
The Manchester Collection - Crossroads(2)
Manchester, CT14,867 1,155 
Spring Mall(2)
Greenfield, WI45,920 1,078 
320,004 $17,836 
(1)The Company recognized impairment charges based upon changes in the anticipated hold periods of these properties and/or offers from third-party buyers primarily in connection with the Company’s capital recycling program.
(2)The Company disposed of this property during the year ended December 31, 2023.
The Company recognized the following impairments during the year ended December 31, 2022:
Year Ended December 31, 2022
Property Name(1)
LocationGLAImpairment Charge
Torrington Plaza (2)
Torrington, CT125,496 $3,509 
Park Hills Plaza - Excluding Outparcels (2)
Altoona, PA238,829 1,127 
New Garden Center (2)
Kennett Square, PA147,370 1,088 
511,695 $5,724 
(1)The Company recognized impairment charges based upon changes in the anticipated hold periods of these properties and/or offers from third-party buyers primarily in connection with the Company’s capital recycling program.
(2)The Company disposed of this property during the year ended December 31, 2022.
v3.25.0.1
Financial Instruments - Derivatives and Hedging (Tables)
 12 Months Ended
Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
Detail on the terms and fair value of the Company’s interest rate derivatives designated as cash flow hedges outstanding as of December 31, 2024 is as follows:
Fair Value
Effective DateMaturity DateSwapped Variable RateFixed RateNotional AmountAssetsLiabilities
5/1/20237/26/20271 Month Secured Overnight Financing Rate ("SOFR")3.5890 %$100,000 $993 $— 
5/1/20237/26/20271 Month SOFR3.5950 %75,000 735 — 
5/1/20237/26/20271 Month SOFR3.5930 %25,000 246 — 
7/26/20247/26/20271 Month SOFR4.0767 %100,000 — (199)
7/26/20247/26/20271 Month SOFR4.0770 %100,000 — (199)
7/26/20247/26/20271 Month SOFR4.0767 %50,000 — (100)
7/26/20247/26/20271 Month SOFR4.0770 %50,000 — (100)
$500,000 $1,974 $(598)

Detail on the terms and fair value of the Company’s interest rate derivatives designated as cash flow hedges outstanding as of December 31, 2023 is as follows:
Fair Value
Effective DateMaturity DateSwapped Variable RateFixed RateNotional AmountAssetsLiabilities
6/1/20227/26/2024
1 Month SOFR(1)
2.5875 %$50,000 $710 $— 
6/1/20227/26/2024
1 Month SOFR(1)
2.5960 %50,000 707 — 
6/1/20227/26/2024
1 Month SOFR(1)
2.5860 %100,000 1,421 — 
6/1/20227/26/2024
1 Month SOFR(1)
2.5850 %100,000 1,421 — 
5/1/20237/26/2027
1 Month SOFR(2)
3.5890 %100,000 59 — 
5/1/20237/26/2027
1 Month SOFR(2)
3.5950 %75,000 34 — 
5/1/20237/26/2027
1 Month SOFR(2)
3.5930 %25,000 12 — 
7/26/20247/26/2027
1 Month SOFR(3)
4.0767 %100,000 — (2,073)
7/26/20247/26/2027
1 Month SOFR(3)
4.0770 %100,000 — (2,077)
7/26/20247/26/2027
1 Month SOFR(3)
4.0767 %50,000 — (1,038)
7/26/20247/26/2027
1 Month SOFR(3)
4.0770 %50,000 — (1,039)
6/14/20246/14/2034
Compound SOFR(4)
3.4400 %100,000 — (437)
6/14/20246/14/2034
Compound SOFR(4)
3.4370 %25,000 — (104)
6/14/20246/14/2034
Compound SOFR(4)
3.4400 %25,000 — (109)
$950,000 $4,364 $(6,877)
(1)Swapped variable rate includes a SOFR adjustment of 10 basis points.
(2)In April 2023, the Company entered into three interest rate swap agreements with an aggregate notional amount of $200.0 million. The interest rate swap agreements were designated as cash flow hedges that effectively fix the SOFR component of the interest rate on a portion of the outstanding debt under the Term Loan Facility (defined hereafter) at 3.59%.
(3)In November 2023, the Company entered into four forward-starting interest rate swap agreements with an aggregate notional amount of $300.0 million. The forward-starting interest rate swap agreements were designated as cash flow hedges that effectively fix the SOFR component of the interest rate on a portion of the outstanding debt under the Term Loan Facility at 4.08% beginning on the effective date.
(4)In December 2023, the Company entered into three forward-starting interest rate swap agreements with an aggregate notional amount of $150.0 million to hedge against changes in future cash flows resulting from changes in interest rates from the trade date through the forecasted issuance date of $150.0 million of long-term debt. The Company hedged its exposure to the variability in future cash flows for a forecasted issuance of long-term debt over a maximum period ending June 2026. The forward-starting interest rate swaps were designated as cash flow hedges.
Schedule of Derivatives in Cash Flow Hedging Relationships
The effective portion of the Company’s interest rate swaps that was recognized on the Company’s Consolidated Statements of Comprehensive Income for the years ended December 31, 2024, 2023, and 2022 is as follows:
Derivatives in Cash Flow Hedging Relationships
(Interest Rate Swaps)		Year Ended December 31,
202420232022
Change in unrealized gain (loss) on interest rate swaps$20,425 $(2,204)$19,602 
Amortization (accretion) of interest rate swaps to interest expense(9,728)(9,949)2,624 
Change in unrealized gain (loss) on interest rate swaps, net$10,697 $(12,153)$22,226 
v3.25.0.1
Debt Obligations (Tables)
 12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt Instruments
As of December 31, 2024 and 2023, the Company had the following indebtedness outstanding:
Carrying Value as of
December 31,
2024		December 31,
2023
Stated
Interest
Rate(1)
Scheduled
Maturity
Date
Notes payable
Unsecured notes(2)
$4,850,765 $4,418,805 
2.25% – 7.97%
2025 – 2035
Net unamortized premium14,279 20,974 
Net unamortized debt issuance costs(20,718)(17,680)
Total notes payable, net
$4,844,326 $4,422,099 
Unsecured Credit Facility
Revolving Facility(3)
$— $18,500 5.42%2026
Term Loan Facility(3)(4)(5)
500,000 500,000 5.58%2027
Net unamortized debt issuance costs
(4,575)(7,074)
Total Unsecured Credit Facility and term loans
$495,425 $511,426 
Total debt obligations, net
$5,339,751 $4,933,525 
(1)Stated interest rates as of December 31, 2024 do not include the impact of the Company’s interest rate swap agreements (described below).
(2)The weighted average stated interest rate on the Company’s unsecured notes was 4.01% as of December 31, 2024.
(3)The Company's Revolving Facility (defined hereafter) and Term Loan Facility (defined hereafter) include a sustainability metric incentive, which can reduce the applicable credit spread by up to two basis points. Effective July 8, 2024, the Term Loan Facility and Revolving Credit Facility qualify for a two basis point rate reduction due to the achievement of certain sustainability metric targets for the year ended December 31, 2023.
(4)Effective July 26, 2024, the Company has in place four interest rate swap agreements that convert the variable interest rate on $300.0 million outstanding under the Term Loan Facility to a fixed, combined interest rate of 4.08% (plus a spread of 93 basis points and a SOFR adjustment of 10 basis points) through the maturity of the Term Loan Facility on July 27, 2027.
(5)Effective May 1, 2023, the Company has in place three interest rate swap agreements that convert the variable interest rate on $200.0 million outstanding under the Term Loan Facility to a fixed, combined interest rate of 3.59% (plus a spread of 93 basis points and a SOFR adjustment of 10 basis points) through the maturity of the Term Loan Facility on July 27, 2027.
Schedule of Maturities of Long-Term Debt As of December 31, 2024, scheduled maturities of the Company’s outstanding debt obligations were as follows:
Year ending December 31,
2025$632,312 
2026607,542 
2027900,000 
2028357,708 
2029753,203 
Thereafter2,100,000 
Total debt maturities5,350,765 
Net unamortized premium
14,279 
Net unamortized debt issuance costs
(25,293)
Total debt obligations, net$5,339,751 
v3.25.0.1
Fair Value Disclosures (Tables)
 12 Months Ended
Dec. 31, 2024
Fair Value Disclosures [Abstract]  
Schedule Of Fair Value Debt Obligation
All financial instruments of the Company are reflected in the accompanying Consolidated Balance Sheets at amounts which, in management’s judgment, reasonably approximate their fair values, except those instruments listed below:
December 31, 2024December 31, 2023
Carrying
Amounts		Fair
Value		Carrying
Amounts		Fair
Value
Notes payable$4,844,326 $4,653,205 $4,422,099 $4,155,332 
Unsecured Credit Facility495,425 500,000 511,426 518,500 
Total debt obligations, net$5,339,751 $5,153,205 $4,933,525 $4,673,832 
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table presents the placement in the fair value hierarchy of assets and liabilities that are measured and recognized at fair value on a recurring basis:
Fair Value Measurements as of December 31, 2024
BalanceQuoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)
Assets:
Marketable securities(1)
$20,301 $1,193 $19,108 $— 
Interest rate derivatives$1,974 $— $1,974 $— 
Liabilities:
Interest rate derivatives$(598)$— $(598)$— 
Fair Value Measurements as of December 31, 2023
BalanceQuoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)
Assets:
Marketable securities(1)
$19,914 $656 $19,258 $— 
Interest rate derivatives$4,364 $— $4,364 $— 
Liabilities:
Interest rate derivatives$(6,877)$— $(6,877)$— 
(1)As of December 31, 2024 and 2023, marketable securities included less than $0.1 million and $(0.2) million of net unrealized gains (losses), respectively. As of December 31, 2024, the contractual maturities of the Company’s marketable securities were within the next five years.
The table includes information related to properties that were remeasured to fair value as a result of impairment testing during the years ended December 31, 2024 and 2023, excluding the properties sold prior to December 31, 2024 or December 31, 2023, respectively:
Fair Value Measurements as of December 31, 2024
BalanceQuoted Prices in Active Markets for Identical Assets
(Level 1)		Significant Other Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)		Impairment of Real Estate Assets
Assets:
Properties(1)(2)(3)
$6,548 $— $— $6,548 $10,673 
Fair Value Measurements as of December 31, 2023
BalanceQuoted Prices in Active Markets for Identical Assets
(Level 1)		Significant Other Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)		Impairment of Real Estate Assets
Assets:
Properties(4)(5)
$14,987 $— $— $14,987 $11,705 
(1)Excludes properties disposed of prior to December 31, 2024.
(2)The carrying value of Seacoast Shopping Center, which was remeasured to fair value based on an income approach valuation using the direct capitalization method during the year ended December 31, 2024, is $5.7 million. The capitalization rate of 8.00% utilized in the analysis was based upon unobservable inputs that the Company believes to be within a reasonable range of current market rates for the property.
(3)The carrying value of Southland Shopping Center - multi-tenant outparcel, which was remeasured to fair value based upon offers from third-party buyers during the year ended December 31, 2024 is $0.8 million.
(4)Excludes properties disposed of prior to December 31, 2023.
(5)The carrying value of The Quentin Collection, which was remeasured to fair value based on an income approach valuation using the direct capitalization method during the year ended December 31, 2023, is $15.0 million. The capitalization rate of 8.75% utilized in the analysis was based upon unobservable inputs that the Company believes to be within a reasonable range of current market rates for the property.
v3.25.0.1
Revenue Recognition (Tables)
 12 Months Ended
Dec. 31, 2024
Revenue Recognition [Abstract]  
Schedule of Lessor, Operating Lease, Payments to be Received, Maturity
As of December 31, 2024, the fixed contractual lease payments to be received over the next five years pursuant to the terms of non-cancelable operating leases are included in the table below, assuming that no leases are renewed and no renewal options are exercised. The table below includes payments from tenants who have taken possession of their space and tenants who have been moved to the cash basis of accounting for revenue recognition purposes. The table does not include variable lease payments that may be received under certain leases for the reimbursement of property operating expenses or certain capital expenditures related to the maintenance of the Company’s properties, or percentage rents. These variable lease payments are recognized, in the case of reimbursements, in the period when the applicable expenditures are incurred and/or contractually required to be reimbursed or, in the case of percentage rents, upon the achievement of certain predetermined sales thresholds.
Year ending December 31,Operating Leases
2025$966,900 
2026889,231 
2027765,789 
2028643,018 
2029513,062 
Thereafter1,701,837 
v3.25.0.1
Leases (Tables)
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Schedule of Operating Leases The following tables present additional information pertaining to the Company’s operating leases:
Year Ended December 31,
Supplemental Statements of Operations Information202420232022
Operating lease costs$2,499 $5,645 $5,937 
Variable lease costs394 468 207 
Total lease costs$2,893 $6,113 $6,144 
Year Ended December 31,
Supplemental Statements of Cash Flows Information202420232022
Operating cash outflows from operating leases$5,778 $6,017 $6,145 
ROU assets obtained in exchange for operating lease liabilities13,984 711 10,708 
ROU assets reduction due to dispositions, held for sale, and lease modifications(6,581)(144)(171)
Operating Lease LiabilitiesAs of
December 31, 2024
Future minimum operating lease payments:
2025$6,211 
20265,391 
20273,513 
20282,672 
20292,595 
Thereafter98,749 
Total future minimum operating lease payments119,131 
Less: imputed interest(77,664)
Operating lease liabilities$41,467 
As of December 31,
Supplemental Balance Sheets Information20242023
Operating lease liabilities(1)(2)
$41,467 $36,105 
ROU assets(1)(3)
38,784 32,350 
(1)As of December 31, 2024 and 2023, the weighted average remaining lease term was 28.7 years and 16.0 years, respectively, and the weighted average discount rate was 6.28% and 4.48%, respectively.
(2)These amounts are included in Accounts payable, accrued expenses and other liabilities on the Company’s Consolidated Balance Sheets.
(3)These amounts are included in Other assets on the Company’s Consolidated Balance Sheets.
v3.25.0.1
Stock Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Fair Value Assumptions For the market-based RSUs granted, fair value is based on a Monte Carlo simulation model that assesses the probability of satisfying the market performance hurdles over the remainder of the performance period based on the Company’s historical common stock performance relative to the other companies within the FTSE Nareit Equity Shopping Centers Index as well as the following significant assumptions:
Year Ended December 31,
Assumption202420232022
Volatility
23.0% - 28.0%
32.0% - 52.0%
27.0% - 51.0%
Weighted average risk-free interest rate
4.03% - 4.92%
3.79% - 5.18%
1.08% - 1.39%
Weighted average common stock dividend yield
4.4% - 4.7%
4.3% - 4.8%
3.8% - 4.6%
Schedule of Share-Based Compensation, Restricted Stock Activity
Information with respect to RSUs for the years ended December 31, 2024, 2023, and 2022 are as follows (in thousands):
Restricted SharesAggregate Intrinsic Value
Outstanding, December 31, 20212,308 $46,547 
Vested(994)(18,955)
Granted981 25,476 
Forfeited(28)(597)
Outstanding, December 31, 20222,267 52,471 
Vested(1,162)(22,583)
Granted1,137 25,316 
Forfeited(48)(1,112)
Outstanding, December 31, 20232,194 54,092 
Vested(1,424)(28,067)
Granted1,367 29,055 
Forfeited(240)(5,941)
Outstanding, December 31, 20241,897 $49,139 
v3.25.0.1
Earnings per Share (Tables)
 12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table provides a reconciliation of the numerator and denominator of the EPS calculations for the years ended December 31, 2024, 2023, and 2022 (dollars in thousands, except per share data):
Year Ended December 31,
202420232022
Computation of Basic Earnings Per Share:
Net income$339,276 $305,087 $354,193 
Net income attributable to non-controlling interests(2)— — 
Non-forfeitable dividends on unvested restricted shares(555)(828)(1,002)
Net income attributable to the Company’s common stockholders for basic earnings per share $338,719 $304,259 $353,191 
Weighted average shares outstanding – basic303,130 300,977 299,938 
Basic earnings per share attributable to the Company’s common stockholders:
Net income per share$1.12 $1.01 $1.18 
Computation of Diluted Earnings Per Share:
Net income attributable to the Company’s common stockholders for diluted earnings per share $338,719 $304,259 $353,191 
Weighted average shares outstanding – basic 303,130 300,977 299,938 
Effect of dilutive securities:
Equity awards908 1,399 1,804 
Weighted average shares outstanding – diluted 304,038 302,376 301,742 
Diluted earnings per share attributable to the Company’s common stockholders:
Net income per share$1.11 $1.01 $1.17 
v3.25.0.1
Earnings per Unit (Tables)
 12 Months Ended
Dec. 31, 2024
Schedule of Earnings per Share [Line Items]  
Schedule of Earnings Per Unit, Basic and Diluted
The following table provides a reconciliation of the numerator and denominator of the EPS calculations for the years ended December 31, 2024, 2023, and 2022 (dollars in thousands, except per share data):
Year Ended December 31,
202420232022
Computation of Basic Earnings Per Share:
Net income$339,276 $305,087 $354,193 
Net income attributable to non-controlling interests(2)— — 
Non-forfeitable dividends on unvested restricted shares(555)(828)(1,002)
Net income attributable to the Company’s common stockholders for basic earnings per share $338,719 $304,259 $353,191 
Weighted average shares outstanding – basic303,130 300,977 299,938 
Basic earnings per share attributable to the Company’s common stockholders:
Net income per share$1.12 $1.01 $1.18 
Computation of Diluted Earnings Per Share:
Net income attributable to the Company’s common stockholders for diluted earnings per share $338,719 $304,259 $353,191 
Weighted average shares outstanding – basic 303,130 300,977 299,938 
Effect of dilutive securities:
Equity awards908 1,399 1,804 
Weighted average shares outstanding – diluted 304,038 302,376 301,742 
Diluted earnings per share attributable to the Company’s common stockholders:
Net income per share$1.11 $1.01 $1.17 
Brixmor Operating Partnership LP  
Schedule of Earnings per Share [Line Items]  
Schedule of Earnings Per Unit, Basic and Diluted
The following table provides a reconciliation of the numerator and denominator of the earnings per unit calculations for the years ended December 31, 2024, 2023, and 2022 (dollars in thousands, except per unit data):
Year Ended December 31,
202420232022
Computation of Basic Earnings Per Unit:
Net income$339,276 $305,087 $354,193 
Net income attributable to non-controlling interests(2)— — 
Non-forfeitable dividends on unvested restricted units (555)(828)(1,002)
Net income attributable to the Operating Partnership’s common units for basic earnings per unit$338,719 $304,259 $353,191 
Weighted average common units outstanding – basic303,130 300,977 299,938 
Basic earnings per unit attributable to the Operating Partnership’s common units:
Net income per unit$1.12 $1.01 $1.18 
Computation of Diluted Earnings Per Unit:
Net income attributable to the Operating Partnership’s common units for diluted earnings per unit $338,719 $304,259 $353,191 
Weighted average common units outstanding – basic 303,130 300,977 299,938 
Effect of dilutive securities:
Equity awards 908 1,399 1,804 
Weighted average common units outstanding – diluted 304,038 302,376 301,742 
Diluted earnings per unit attributable to the Operating Partnership’s common units:
Net income per unit$1.11 $1.01 $1.17 
v3.25.0.1
Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Activity in Reserve for Losses for Insurance Captive
Activity in the reserve for losses for the years ended December 31, 2024 and 2023 is summarized as follows:
Year End December 31,
20242023
Balance at the beginning of the year$9,858 $10,689 
Incurred related to: 
Current year3,164 3,320 
Prior years416 (457)
Total incurred3,580 2,863 
Paid related to:
Current year(245)(771)
Prior years(3,555)(2,923)
Total paid(3,800)(3,694)
Balance at the end of the year$9,638 $9,858 
v3.25.0.1
Segment Reporting (Tables)
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Schedule of Revenues and Significant Segment Expenses
The following table presents revenues and significant segment expenses for the years ended December 31, 2024, 2023, and 2022:

Year Ended December 31,
202420232022
Total revenues$1,285,054 $1,245,036 $1,218,074 
Operating costs(152,825)(146,473)(141,408)
Real estate taxes(164,291)(173,517)(170,383)
Depreciation and amortization(381,396)(362,277)(344,731)
Impairment of real estate assets(11,143)(17,836)(5,724)
General and administrative(1)
(116,363)(117,128)(117,225)
Interest expense(215,994)(190,733)(192,427)
Other segment items(2)
96,232 68,015 108,017 
Segment net income$339,274 $305,087 $354,193 
Reconciliation of Net income attributable to Brixmor Property Group Inc.
Adjustments— — — 
Net income attributable to Brixmor Property Group Inc.$339,274 $305,087 $354,193 

(1)The following table presents General and administrative expense for the years ended December 31, 2024, 2023, and 2022:

Year Ended December 31,
202420232022
Employee compensation, net$(93,606)$(92,534)$(92,777)
Other general and administrative, net(22,757)(24,594)(24,448)
Total general and administrative$(116,363)$(117,128)$(117,225)

(2)Other segment items for the Company include Dividends and interest, Gain on sale of real estate assets, Gain (loss) on extinguishment of debt, net, Other, and Net income attributable to non-controlling interests. See the Company's Consolidated Statements of Operations for additional information on these amounts.
v3.25.0.1
Nature of Business and Financial Statement Presentation (Narrative) (Details)
 12 Months Ended
Dec. 31, 2024
ft²
Property
Dec. 31, 2023
ft²
Nture of Oerations and Financial Statements Presentation [Line Items]    
GLA 1,330,249 0
Shopping Center    
Nture of Oerations and Financial Statements Presentation [Line Items]    
Number of real estate properties | Property 363  
GLA 64,000,000  
Exchange Accommodation Titleholder    
Nture of Oerations and Financial Statements Presentation [Line Items]    
Ownership percentage 100.00%  
Parent Company | Brixmor OP GP LLC | BPG Sub    
Nture of Oerations and Financial Statements Presentation [Line Items]    
Ownership percentage 100.00%  
v3.25.0.1
Nature of Business and Financial Statement Presentation (Useful Lives) (Details)
Dec. 31, 2024
Building and building and land improvements | Minimum  
Property, Plant and Equipment [Line Items]  
Useful life 20 years
Building and building and land improvements | Maximum  
Property, Plant and Equipment [Line Items]  
Useful life 40 years
Furniture, fixtures, and equipment | Minimum  
Property, Plant and Equipment [Line Items]  
Useful life 5 years
Furniture, fixtures, and equipment | Maximum  
Property, Plant and Equipment [Line Items]  
Useful life 10 years
Tenant improvements  
Property, Plant and Equipment [Line Items]  
Property, Plant, and Equipment, Useful Life, Term, Description [Extensible Enumeration] Useful Life, Shorter of Lease Term or Asset Utility [Member]
v3.25.0.1
Acquisition of Real Estate (Properties Acquired) (Details)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
USD ($)
ft²
Dec. 31, 2023
USD ($)
ft²
Asset Acquisition [Line Items]    
GLA | ft² 1,330,249 0
Aggregate purchase price $ 293,770 $ 2,269
Transaction costs 3,300 200
Closing credits $ 2,500 100
West Center    
Asset Acquisition [Line Items]    
GLA | ft² 42,594  
Aggregate purchase price $ 17,470  
The Fresh Market Shoppes    
Asset Acquisition [Line Items]    
GLA | ft² 86,398  
Aggregate purchase price $ 23,848  
Land at King's Market    
Asset Acquisition [Line Items]    
Aggregate purchase price $ 2,337  
Acton Plaza    
Asset Acquisition [Line Items]    
GLA | ft² 137,572  
Aggregate purchase price $ 38,207  
Huron Village    
Asset Acquisition [Line Items]    
GLA | ft² 118,482  
Aggregate purchase price $ 29,503  
Land at Arborland Center    
Asset Acquisition [Line Items]    
Aggregate purchase price $ 48  
Britton Plaza    
Asset Acquisition [Line Items]    
GLA | ft² 465,639  
Aggregate purchase price $ 60,888  
The Plaza at Buckland Hills    
Asset Acquisition [Line Items]    
GLA | ft² 308,192  
Aggregate purchase price $ 67,681  
North Ridge Shopping Center    
Asset Acquisition [Line Items]    
GLA | ft² 171,372  
Aggregate purchase price $ 53,788  
Land at Aurora Plaza    
Asset Acquisition [Line Items]    
Aggregate purchase price   1,914
Paradise Pavilion - Land Parcel    
Asset Acquisition [Line Items]    
Aggregate purchase price   $ 355
v3.25.0.1
Acquisition of Real Estate (Purchase Price) (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Asset Acquisition [Line Items]    
Total assets $ 293,770 $ 2,269
Above market leases    
Asset Acquisition [Line Items]    
Useful life 6 years 6 months  
Leases, acquired-in-place    
Asset Acquisition [Line Items]    
Useful life 6 years 2 months 12 days  
Below market leases    
Asset Acquisition [Line Items]    
Useful life 25 years 6 months  
Acquired Properties    
Asset Acquisition [Line Items]    
Land $ 73,347 2,269
Buildings 178,815 0
Building and tenant improvements 10,474 0
Above-market leases 1,001 0
In-place Leases 79,947 0
Total assets 343,584 2,269
Below-market lease 49,814 0
Total liabilities 49,814 0
Net assets acquired $ 293,770 $ 2,269
v3.25.0.1
Dispositions and Assets Held for Sale (Narrative) (Details)
 12 Months Ended
Dec. 31, 2024
USD ($)
shopping_center
shopping_Center
real_estate_property
Dec. 31, 2023
USD ($)
shopping_center
real_estate_property
Dec. 31, 2022
USD ($)
Schedule of Acquisitions and Dispositions [Line Items]      
Gain on sale $ 78,064,000 $ 65,439,000 $ 111,563,000
Liabilities associated with real estate assets held for sale   $ 0  
Disposed of by Sale      
Schedule of Acquisitions and Dispositions [Line Items]      
Number of shopping centers sold | shopping_center 6 11  
Number of partial shopping centers sold | shopping_center 6 9  
Number of land partial shopping centers sold | shopping_Center 2    
Proceeds from sale of property   $ 182,000,000.0  
Gain on sale   65,300,000  
Impairment of real estate, discontinued operations $ 500,000 6,100,000  
Number of shopping centers previously sold | shopping_Center 1    
Disposed of by Sale | Previously Disposed Assets      
Schedule of Acquisitions and Dispositions [Line Items]      
Gain on sale $ 1,900,000 100,000  
Disposed of by Sale | Partial Properties      
Schedule of Acquisitions and Dispositions [Line Items]      
Proceeds from sale of property 208,200,000    
Gain on sale 76,200,000    
Disposed of by Sale | Non Operating Member | Previously Disposed Assets      
Schedule of Acquisitions and Dispositions [Line Items]      
Proceeds from sale of property $ 1,900,000 $ 300,000  
Held-for-sale      
Schedule of Acquisitions and Dispositions [Line Items]      
Number of real estate properties | real_estate_property 2 0  
v3.25.0.1
Dispositions and Assets Held for Sale (Held for Sale) (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Assets    
Assets associated with real estate assets held for sale $ 4,189 $ 0
Held-for-sale    
Assets    
Land 1,280 0
Buildings and improvements 4,520 0
Accumulated depreciation and amortization (1,658) 0
Real estate, net 4,142 0
Other assets 47 0
Assets associated with real estate assets held for sale $ 4,189 $ 0
v3.25.0.1
Real Estate (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Real Estate Owned, Disclosure of Detailed Components [Abstract]      
Land $ 1,834,814 $ 1,794,011  
Buildings and tenant improvements 9,047,831 8,696,881  
Lease intangibles 526,412 504,995  
Real estate, gross 11,409,057 10,995,887  
Accumulated depreciation and amortization (3,410,179) (3,198,980)  
Total 7,998,878 7,796,907  
Accumulated amortization 433,000 445,500  
Intangible liabilities relating to below-market leases 366,500 329,800  
Accumulated amortization on below-market leases 246,300 247,200  
Below-market lease intangible amortization 11,200 12,800 $ 12,200
Amortization of intangible assets 14,700 16,500 $ 18,900
Below-market lease accretion (income), net of above-market lease amortization expense      
2025 (12,270)    
2026 (10,538)    
2027 (9,268)    
2028 (8,649)    
2029 (7,367)    
In-place lease amortization expense      
2025 22,687    
2026 16,101    
2027 12,061    
2028 9,115    
2029 6,167    
Leases, acquired-in-place      
Real Estate Owned, Disclosure of Detailed Components [Abstract]      
In-place lease value 482,700 456,800  
Above market leases      
Real Estate Owned, Disclosure of Detailed Components [Abstract]      
Above market leases $ 43,800 $ 48,200  
v3.25.0.1
Impairments (Details)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
USD ($)
ft²
Dec. 31, 2023
USD ($)
ft²
Dec. 31, 2022
USD ($)
ft²
Real Estate Properties [Line Items]      
GLA | ft² 246,227 320,004 511,695
Impairment Charge | $ $ 11,143 $ 17,836 $ 5,724
Southland Shopping Center - multi-tenant outparcel      
Real Estate Properties [Line Items]      
GLA | ft² 149,891    
Impairment Charge | $ $ 5,611    
Seacoast Shopping Center, Seabrook, NH      
Real Estate Properties [Line Items]      
GLA | ft² 89,634    
Impairment Charge | $ $ 5,062    
Land at Springdale      
Real Estate Properties [Line Items]      
GLA | ft² 0    
Impairment Charge | $ $ 252    
Victory Square - Bridgestone Outparcel      
Real Estate Properties [Line Items]      
GLA | ft² 6,702    
Impairment Charge | $ $ 218    
The Quentin Collection, Kildeer, IL      
Real Estate Properties [Line Items]      
GLA | ft²   171,530  
Impairment Charge | $   $ 11,705  
Broadway Faire - Theater Box      
Real Estate Properties [Line Items]      
GLA | ft²   39,983  
Impairment Charge | $   $ 2,102  
Elk Grove Town Center      
Real Estate Properties [Line Items]      
GLA | ft²   47,704  
Impairment Charge | $   $ 1,796  
The Manchester Collection - Crossroads      
Real Estate Properties [Line Items]      
GLA | ft²   14,867  
Impairment Charge | $   $ 1,155  
Spring Mall      
Real Estate Properties [Line Items]      
GLA | ft²   45,920  
Impairment Charge | $   $ 1,078  
Torrington Plaza      
Real Estate Properties [Line Items]      
GLA | ft²     125,496
Impairment Charge | $     $ 3,509
Park Hills Plaza - Excluding Outparcels      
Real Estate Properties [Line Items]      
GLA | ft²     238,829
Impairment Charge | $     $ 1,127
New Garden Center      
Real Estate Properties [Line Items]      
GLA | ft²     147,370
Impairment Charge | $     $ 1,088
v3.25.0.1
Financial Instruments - Derivatives and Hedging (Narrative) (Details)
 1 Months Ended 12 Months Ended
May 31, 2024
USD ($)
Dec. 31, 2024
USD ($)
agreement
derivative_instrument
Dec. 31, 2023
USD ($)
derivative_instrument
Dec. 31, 2022
USD ($)
Nov. 30, 2023
USD ($)
agreement
Apr. 30, 2023
USD ($)
derivative_instrument
Derivative [Line Items]            
Number of instruments held | agreement   3        
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]   Gain (loss) on extinguishment of debt, net        
Amount expected to be reclassified from accumulated other comprehensive income (loss) in the next twelve months   $ 1,800,000        
Senior Notes Due 2035            
Derivative [Line Items]            
Notional Amount $ 150,000,000          
Proceeds from issuance of senior long-term debt 7,300,000          
Gain (loss) on derivative 5,800,000          
Senior Notes Due 2034            
Derivative [Line Items]            
Gain (loss) on derivative $ 1,500,000          
Interest Rate Swap            
Derivative [Line Items]            
Number of instruments held   4     4 3
Notional Amount   $ 500,000,000 $ 950,000,000   $ 300,000,000 $ 200,000,000
Interest Rate Swap | Designated as Hedging Instrument            
Derivative [Line Items]            
Derivative, number of instruments entered in period | derivative_instrument   0 10      
Gain (loss) on derivative   $ 0 $ 0 $ 0    
v3.25.0.1
Financial Instruments - Derivatives and Hedging (Statement of Financial Position, Fair Value) (Details)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
USD ($)
agreement
Dec. 31, 2024
USD ($)
agreement
Nov. 30, 2023
USD ($)
agreement
Apr. 30, 2023
USD ($)
derivative_instrument
Derivatives, Fair Value [Line Items]        
Number of instruments held | agreement   3    
Interest Rate Swap        
Derivatives, Fair Value [Line Items]        
Notional Amount $ 950,000 $ 500,000 $ 300,000 $ 200,000
Stated spread rate 0.10%      
Number of instruments held   4 4 3
Derivative, variable interest rate     4.08% 3.59%
Interest Rate Swap | SOFR 3.5890%        
Derivatives, Fair Value [Line Items]        
Fixed Rate 3.589% 3.589%    
Notional Amount $ 100,000 $ 100,000    
Assets 59 993    
Liabilities $ 0 $ 0    
Interest Rate Swap | SOFR 3.5950%        
Derivatives, Fair Value [Line Items]        
Fixed Rate 3.595% 3.595%    
Notional Amount $ 75,000 $ 75,000    
Assets 34 735    
Liabilities $ 0 $ 0    
Interest Rate Swap | SOFR 3.5930%        
Derivatives, Fair Value [Line Items]        
Fixed Rate 3.593% 3.593%    
Notional Amount $ 25,000 $ 25,000    
Assets 12 246    
Liabilities $ 0 $ 0    
Interest Rate Swap | SOFR 4.0767%        
Derivatives, Fair Value [Line Items]        
Fixed Rate 4.0767% 4.0767%    
Notional Amount $ 100,000 $ 100,000    
Assets 0 0    
Liabilities $ (2,073) $ (199)    
Interest Rate Swap | SOFR 4.0770%        
Derivatives, Fair Value [Line Items]        
Fixed Rate 4.077% 4.077%    
Notional Amount $ 100,000 $ 100,000    
Assets 0 0    
Liabilities $ (2,077) $ (199)    
Interest Rate Swap | SOFR 4.0767%        
Derivatives, Fair Value [Line Items]        
Fixed Rate 4.0767% 4.0767%    
Notional Amount $ 50,000 $ 50,000    
Assets 0 0    
Liabilities $ (1,038) $ (100)    
Interest Rate Swap | SOFR 4.0770%        
Derivatives, Fair Value [Line Items]        
Fixed Rate 4.077% 4.077%    
Notional Amount $ 50,000 $ 50,000    
Assets 0 0    
Liabilities $ (1,039) (100)    
Interest Rate Swap | SOFR 2.5875%        
Derivatives, Fair Value [Line Items]        
Fixed Rate 2.5875%      
Notional Amount $ 50,000      
Assets 710      
Liabilities $ 0      
Interest Rate Swap | SOFR 2.5960%        
Derivatives, Fair Value [Line Items]        
Fixed Rate 2.596%      
Notional Amount $ 50,000      
Assets 707      
Liabilities $ 0      
Interest Rate Swap | SOFR 2.5860%        
Derivatives, Fair Value [Line Items]        
Fixed Rate 2.586%      
Notional Amount $ 100,000      
Assets 1,421      
Liabilities $ 0      
Interest Rate Swap | SOFR 2.5850%        
Derivatives, Fair Value [Line Items]        
Fixed Rate 2.585%      
Notional Amount $ 100,000      
Assets 1,421      
Liabilities $ 0      
Interest Rate Swap | SOFR 3.4400%        
Derivatives, Fair Value [Line Items]        
Fixed Rate 3.44%      
Notional Amount $ 100,000      
Assets 0      
Liabilities $ (437)      
Interest Rate Swap | SOFR 3.4370%        
Derivatives, Fair Value [Line Items]        
Fixed Rate 3.437%      
Notional Amount $ 25,000      
Assets 0      
Liabilities $ (104)      
Interest Rate Swap | SOFR 3.4400%        
Derivatives, Fair Value [Line Items]        
Fixed Rate 3.44%      
Notional Amount $ 25,000      
Assets 0      
Liabilities (109)      
Interest Rate Swaption        
Derivatives, Fair Value [Line Items]        
Notional Amount $ 150,000      
Number of instruments held | agreement 3      
Long term debt $ 150,000      
Interest rate derivatives | Fair Value, Measurements, Recurring        
Derivatives, Fair Value [Line Items]        
Assets 4,364 1,974    
Liabilities 6,877 598    
Interest rate derivatives | Significant Other Observable Inputs (Level 2) | Fair Value, Measurements, Recurring        
Derivatives, Fair Value [Line Items]        
Assets 4,364 1,974    
Liabilities $ (6,877) $ (598)    
v3.25.0.1
Financial Instruments - Derivatives and Hedging (Cash Flow Hedging Relationship) (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]      
Change in unrealized gain (loss) on interest rate swaps $ 20,425 $ (2,204) $ 19,602
Amortization (accretion) of interest rate swaps to interest expense (9,728) (9,949) 2,624
Change in unrealized gain (loss) on interest rate swaps, net $ 10,697 $ (12,153) $ 22,226
v3.25.0.1
Debt Obligations (Schedule of Debt) (Details)
 12 Months Ended
Jul. 26, 2024
USD ($)
derivative_instrument
Dec. 31, 2023
USD ($)
Dec. 31, 2024
USD ($)
agreement
Nov. 30, 2023
agreement
May 01, 2023
USD ($)
derivative_instrument
Apr. 30, 2023
derivative_instrument
Apr. 28, 2022
USD ($)
Debt Instrument [Line Items]              
Long-term debt     $ 5,350,765,000        
Net unamortized debt issuance costs     (25,293,000)        
Total debt obligations, net   $ 4,933,525,000 $ 5,339,751,000        
Number of instruments held | agreement     3        
Interest Rate Swap              
Debt Instrument [Line Items]              
Number of instruments held     4 4   3  
Stated spread rate   0.10%          
Unsecured Debt              
Debt Instrument [Line Items]              
Long-term debt   $ 4,418,805,000 $ 4,850,765,000        
Net unamortized premium   20,974,000 14,279,000        
Net unamortized debt issuance costs   (17,680,000) (20,718,000)        
Total notes payable, net   4,422,099,000 $ 4,844,326,000        
Weighted average fixed interest rate     4.01%        
Unsecured Debt | Revolving Facility              
Debt Instrument [Line Items]              
Long-term debt   18,500,000 $ 0        
Stated percentage     5.42%        
Unsecured Debt | Term Loan | Unsecured $300 Million Term Loan              
Debt Instrument [Line Items]              
Long-term debt   $ 500,000,000 $ 500,000,000        
Stated percentage     5.58%        
Term loan face amount $ 300,000,000.0       $ 200,000,000   $ 500,000,000
Effective percentage 4.08%            
Unsecured Debt | Term Loan | Unsecured $300 Million Term Loan | Through July 26, 2024              
Debt Instrument [Line Items]              
Stated spread rate 0.93% 200.00%          
Unsecured Debt | Term Loan | Unsecured $300 Million Term Loan | Through July 26, 2024 | Secured Overnight Financing Rate (SOFR)              
Debt Instrument [Line Items]              
Stated spread rate 0.10%            
Unsecured Debt | Term Loan | Unsecured $300 Million Term Loan | Interest Rate Swap              
Debt Instrument [Line Items]              
Number of instruments held | derivative_instrument 4            
Unsecured Debt | Term Loan | Unsecured 200 M Term Loan | Interest Rate Swap              
Debt Instrument [Line Items]              
Number of instruments held | derivative_instrument         3    
Effective percentage         3.59%    
Unsecured Debt | Unsecured Credit Facility and Term Loan              
Debt Instrument [Line Items]              
Net unamortized debt issuance costs   $ (7,074,000) $ (4,575,000)        
Total notes payable, net   $ 511,426,000 $ 495,425,000        
Unsecured Debt | Minimum              
Debt Instrument [Line Items]              
Stated percentage     2.25%        
Unsecured Debt | Maximum              
Debt Instrument [Line Items]              
Stated percentage     7.97%        
v3.25.0.1
Debt Obligations (Narrative) (Details) - USD ($)
 12 Months Ended
May 28, 2024
Jan. 12, 2024
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Jul. 26, 2024
May 01, 2023
Apr. 28, 2022
Debt Instrument [Line Items]                
Gain (loss) on extinguishment of debt, net     $ 554,000 $ 4,356,000 $ (221,000)      
Interest payable     62,800,000 47,100,000        
Senior Notes Due 2025                
Debt Instrument [Line Items]                
Term loan face amount     $ 67,700,000          
Stated spread rate     3.85%          
Senior Notes Due 2034                
Debt Instrument [Line Items]                
Term loan face amount   $ 400,000,000            
Stated percentage   5.50%            
Stated spread rate   99.816%            
Senior Notes Due 2035                
Debt Instrument [Line Items]                
Term loan face amount $ 400,000,000              
Stated percentage 5.75%              
Stated spread rate 99.222%              
Unsecured Debt | 2024 Notes                
Debt Instrument [Line Items]                
Payment for debt extinguishment cost     $ 300,400,000          
Stated percentage     3.65%          
Unsecured Credit Facility | Unsecured Debt                
Debt Instrument [Line Items]                
Stated percentage     5.42%          
Term Loan | Unsecured Debt | Unsecured $300 Million Term Loan                
Debt Instrument [Line Items]                
Term loan face amount           $ 300,000,000.0 $ 200,000,000 $ 500,000,000
Stated percentage     5.58%          
Brixmor Operating Partnership LP                
Debt Instrument [Line Items]                
Gain (loss) on extinguishment of debt, net     $ 554,000 $ 4,356,000 $ (221,000)      
Brixmor Operating Partnership LP | Unsecured Credit Facility | Unsecured Debt                
Debt Instrument [Line Items]                
Term loan face amount               $ 1,250,000,000
Repayments of debt     18,500,000          
Brixmor Operating Partnership LP | Unsecured Credit Facility | Line of Credit | Revolving Facility                
Debt Instrument [Line Items]                
Revolving loan commitment     $ 1,250,000,000          
v3.25.0.1
Debt Obligations (Maturities) (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Future expected/scheduled maturities of outstanding debt and capital lease    
2025 $ 632,312  
2026 607,542  
2027 900,000  
2028 357,708  
2029 753,203  
Thereafter 2,100,000  
Total debt maturities 5,350,765  
Net unamortized premium 14,279  
Net unamortized debt issuance costs (25,293)  
Total debt obligations, net $ 5,339,751 $ 4,933,525
v3.25.0.1
Fair Value Disclosures (Debt Obligations) (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Total debt obligations, net $ 5,339,751 $ 4,933,525
Carrying Amounts    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Notes payable 4,844,326 4,422,099
Unsecured Credit Facility 495,425 511,426
Total debt obligations, net 5,339,751 4,933,525
Fair Value    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Notes payable 4,653,205 4,155,332
Unsecured Credit Facility 500,000 518,500
Total debt obligations, net $ 5,153,205 $ 4,673,832
v3.25.0.1
Fair Value Disclosures (Measurements) (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Marketable securities, unrealized losses $ 100 $ (200)
Fair Value, Measurements, Recurring | Marketable Securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets 20,301 19,914
Fair Value, Measurements, Recurring | Interest rate derivatives    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets 1,974 4,364
Derivative Liability (598) (6,877)
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Marketable Securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets 1,193 656
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Interest rate derivatives    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets 0 0
Derivative Liability 0 0
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Marketable Securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets 19,108 19,258
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Interest rate derivatives    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets 1,974 4,364
Derivative Liability 598 6,877
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Marketable Securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets 0 0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Interest rate derivatives    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets 0 0
Derivative Liability $ 0 $ 0
v3.25.0.1
Fair Value Disclosures (Remeasured to Fair Value Impairment) (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Impairment of real estate assets   $ 11,143 $ 17,836 $ 5,724
Real estate, fair value, capitalization rate 8.75% 8.00%    
Smith Rd Residential Redev - Southland Shopping Center        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Real estate investment, fair value   $ 800    
The Manchester Collection        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Real estate investment, fair value     15,000  
The Manchester Collection        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Real estate investment, fair value   5,700    
Real estate, net | Fair Value, Measurements, Nonrecurring        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Assets   6,548 14,987  
Impairment of real estate assets   10,673 11,705  
Real estate, net | Fair Value, Measurements, Nonrecurring | Quoted Prices in Active Markets for Identical Assets (Level 1)        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Assets   0 0  
Real estate, net | Fair Value, Measurements, Nonrecurring | Significant Other Observable Inputs (Level 2)        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Assets   0 0  
Real estate, net | Fair Value, Measurements, Nonrecurring | Significant Unobservable Inputs (Level 3)        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Assets   $ 6,548 $ 14,987  
v3.25.0.1
Revenue Recognition (Leases) (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenue Recognition [Abstract]      
Revenue, performance obligation, minimum agreement term 1 year    
Revenue, performance obligation, maximum agreement term 25 years    
Future Minimum Payments      
2025 $ 966,900    
2026 889,231    
2027 765,789    
2028 643,018    
2029 513,062    
Thereafter 1,701,837    
Rental income based on percentage rents 9,700 $ 9,300 $ 9,000
Deferred rent receivables $ 208,800 $ 180,800  
v3.25.0.1
Leases - Narrative (Details)
 12 Months Ended
Dec. 31, 2024
Lessee, Lease, Description [Line Items]  
Additional term of contract 100 years
Minimum  
Lessee, Lease, Description [Line Items]  
Term of contract 1 year
Maximum  
Lessee, Lease, Description [Line Items]  
Term of contract 50 years
v3.25.0.1
Leases - Schedule of Operating Leases (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Lease, Cost [Abstract]      
Operating lease costs $ 2,499 $ 5,645 $ 5,937
Variable lease costs 394 468 207
Total lease costs 2,893 6,113 6,144
Operating cash outflows from operating leases 5,778 6,017 6,145
ROU assets obtained in exchange for operating lease liabilities 13,984 711 10,708
ROU assets reduction due to dispositions, held for sale, and lease modifications (6,581) $ (144) $ (171)
Operating Lease Liabilities      
2025 6,211    
2026 5,391    
2027 3,513    
2028 2,672    
2029 2,595    
Thereafter 98,749    
Total future minimum operating lease payments 119,131    
Less: imputed interest $ (77,664)    
Operating Lease, Liability, Statement of Financial Position [Extensible List] Other Liabilities Other Liabilities  
Operating lease, liability $ 41,467 $ 36,105  
ROU asset $ 38,784 $ 32,350  
Weighted average remaining lease term 28 years 8 months 12 days 16 years  
Weighted average discount rate 6.28% 4.48%  
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] Other assets Other assets  
v3.25.0.1
Equity and Capital (Details) - USD ($)
$ / shares in Units, $ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Nov. 30, 2022
Schedule of Shareholders' Equity [Line Items]        
Remaining authorized repurchase amount $ 400.0      
Dividends, per common share (usd per share) $ 1.1050 $ 1.0525 $ 0.9800  
North Ridge Shopping Center and The Plaza at Buckland Hills        
Schedule of Shareholders' Equity [Line Items]        
Rredeemable preferred equity $ 0.2      
Preferred stock, dividend rate, percentage 100.00%      
Accounts Payable and Accrued Liabilities        
Schedule of Shareholders' Equity [Line Items]        
Dividends payable $ 91.8 $ 85.7    
ATM Program        
Schedule of Shareholders' Equity [Line Items]        
Sale of stock, number of shares issued in transaction 4,100,000 0 2,100,000  
Sale of stock, price per share $ 28.62   $ 25.40  
Sale of stock, consideration received on transaction $ 116.6   $ 53.9  
Incurred commissions and fees 2.0   $ 0.8  
Common stock, capital shares reserved for future issuance, amount $ 283.4      
Common Stock        
Schedule of Shareholders' Equity [Line Items]        
At-the-market equity offering program       $ 400.0
Stock repurchased during period (in shares) 0 0 0  
Common Stock | RSUs        
Schedule of Shareholders' Equity [Line Items]        
Stock repurchased during period (in shares) 600,000 500,000    
Common Stock | Maximum        
Schedule of Shareholders' Equity [Line Items]        
Share repurchase program, authorized amount       $ 400.0
v3.25.0.1
Stock Based Compensation (Narrative) (Details) - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Number of shares authorized (in shares) 10.0    
Grants in period (in shares) 0.8 0.7 0.7
Equity based compensation, noncash expense $ 20.0 $ 22.3 $ 25.2
Equity based compensation, amount capitalized (2.0) $ (1.6) $ (1.8)
Compensation cost not yet recognized $ 13.9    
Weighted average remaining contractual term 2 years    
Minimum      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Service period 1 year    
Maximum      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Service period 5 years    
v3.25.0.1
Stock Based Compensation (Assumptions) (Details)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Minimum      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Volatility 23.00% 32.00% 27.00%
Weighted average risk-free interest rate 4.03% 3.79% 1.08%
Weighted average common stock dividend yield 4.40% 4.30% 3.80%
Maximum      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Volatility 28.00% 52.00% 51.00%
Weighted average risk-free interest rate 4.92% 5.18% 1.39%
Weighted average common stock dividend yield 4.70% 4.80% 4.60%
v3.25.0.1
Stock Based Compensation (Schedule of Restricted Shares) (Details) - Restricted Stock - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Restricted Shares      
Outstanding, beginning balance (in shares) 2,194 2,267 2,308
Vested (in shares) (1,424) (1,162) (994)
Granted (in shares) 1,367 1,137 981
Forfeited (in shares) (240) (48) (28)
Outstanding, ending balance (in shares) 1,897 2,194 2,267
Aggregate Intrinsic Value      
Outstanding, beginning balance $ 54,092 $ 52,471 $ 46,547
Vested (28,067) (22,583) (18,955)
Granted 29,055 25,316 25,476
Forfeited (5,941) (1,112) (597)
Outstanding, ending balance $ 49,139 $ 54,092 $ 52,471
v3.25.0.1
Earnings per Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Computation of Basic Earnings Per Share:      
Net income $ 339,276 $ 305,087 $ 354,193
Net income attributable to non-controlling interests (2) 0 0
Non-forfeitable dividends on unvested restricted shares (555) (828) (1,002)
Net income attributable to the Company’s common stockholders for basic earnings per share $ 338,719 $ 304,259 $ 353,191
Weighted average shares outstanding – basic (in shares) 303,130 300,977 299,938
Net income per share (usd per share) $ 1.12 $ 1.01 $ 1.18
Computation of Diluted Earnings Per Share:      
Net income attributable to the Company’s common stockholders for diluted earnings per share $ 338,719 $ 304,259 $ 353,191
Equity awards (in shares) 908 1,399 1,804
Weighted average shares outstanding – diluted (in shares) 304,038 302,376 301,742
Net income per share (usd per share) $ 1.11 $ 1.01 $ 1.17
v3.25.0.1
Earnings per Unit (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Schedule of Earnings per Share [Line Items]      
Net income $ 339,276 $ 305,087 $ 354,193
Net income attributable to non-controlling interests (2) 0 0
Non-forfeitable dividends on unvested restricted units (555) (828) (1,002)
Net income attributable to the Company’s common stockholders for basic earnings per share $ 338,719 $ 304,259 $ 353,191
Weighted average shares outstanding – basic (in shares) 303,130 300,977 299,938
Net income per share (usd per share) $ 1.12 $ 1.01 $ 1.18
Net income attributable to the Operating Partnership’s common units for diluted earnings per unit $ 338,719 $ 304,259 $ 353,191
Equity awards (in shares) 908 1,399 1,804
Weighted average shares outstanding – diluted (in shares) 304,038 302,376 301,742
Net income per share (usd per share) $ 1.11 $ 1.01 $ 1.17
Brixmor Operating Partnership LP      
Schedule of Earnings per Share [Line Items]      
Net income $ 339,276 $ 305,087 $ 354,193
Net income attributable to non-controlling interests (2) 0 0
Non-forfeitable dividends on unvested restricted units (555) (828) (1,002)
Net income attributable to the Company’s common stockholders for basic earnings per share $ 338,719 $ 304,259 $ 353,191
Weighted average shares outstanding – basic (in shares) 303,130 300,977 299,938
Net income per share (usd per share) $ 1.12 $ 1.01 $ 1.18
Net income attributable to the Operating Partnership’s common units for diluted earnings per unit $ 338,719 $ 304,259 $ 353,191
Equity awards (in shares) 908 1,399 1,804
Weighted average shares outstanding – diluted (in shares) 304,038 302,376 301,742
Net income per share (usd per share) $ 1.11 $ 1.01 $ 1.17
v3.25.0.1
Commitments and Contingencies (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Activity in Reserve for Losses for Insurance Captive [Roll Forward]      
Balance at the beginning of the year $ 9,858 $ 10,689  
Incurred, current year 3,164 3,320  
Incurred, prior years 416 (457)  
Total incurred 3,580 2,863  
Paid, current year (245) (771)  
Paid, prior years (3,555) (2,923)  
Total paid (3,800) (3,694)  
Balance at the end of the year 9,638 9,858 $ 10,689
Environmental Matters      
Activity in Reserve for Losses for Insurance Captive [Roll Forward]      
Litigation settlement $ 0 $ 0 $ 0
v3.25.0.1
Segment Reporting- Narrative (Details)
Dec. 31, 2024
numberOfMetropolitanMarket
numberOfState
Segment Reporting [Abstract]  
Number of states located for properties portfolio | numberOfState 30
Number of metropolitan markets used for properties portfolio | numberOfMetropolitanMarket 104
v3.25.0.1
Segment Reporting - Schedule of Revenues and Significant Segment Expenses (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Segment Reporting Information [Line Items]      
Total revenues $ 1,285,054 $ 1,245,036 $ 1,218,074
Operating costs (152,825) (146,473) (141,408)
Real estate taxes (164,291) (173,517) (170,383)
Depreciation and amortization (381,396) (362,277) (344,731)
Impairment of real estate assets (11,143) (17,836) (5,724)
General and administrative (116,363) (117,128) (117,225)
Interest expense (215,994) (190,733) (192,427)
Other (3,160) (2,446) (3,639)
Net income 339,276 305,087 354,193
Total general and administrative (116,363) (117,128) (117,225)
General and Administrative Expense      
Segment Reporting Information [Line Items]      
General and administrative (116,363) (117,128) (117,225)
Employee compensation, net (93,606) (92,534) (92,777)
Other general and administrative, net (22,757) (24,594) (24,448)
Total general and administrative (116,363) (117,128) (117,225)
Residential Portfolio Segment      
Segment Reporting Information [Line Items]      
Total revenues 1,285,054 1,245,036 1,218,074
Operating costs (152,825) (146,473) (141,408)
Real estate taxes (164,291) (173,517) (170,383)
Depreciation and amortization (381,396) (362,277) (344,731)
Impairment of real estate assets (11,143) (17,836) (5,724)
General and administrative (116,363) (117,128) (117,225)
Interest expense (215,994) (190,733) (192,427)
Other 96,232 68,015 108,017
Net income 339,274 305,087 354,193
Adjustments 0 0 0
Net income 339,274 305,087 354,193
Total general and administrative $ (116,363) $ (117,128) $ (117,225)
v3.25.0.1
Income Taxes (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Tax Disclosure [Abstract]      
State and local income taxes or franchise taxes $ 2.7 $ 2.6 $ 2.7
v3.25.0.1
Related-Party Transactions (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Related Party Transaction [Line Items]      
Receivables, net $ 281,947 $ 278,775  
Related Party      
Related Party Transaction [Line Items]      
Receivables, net 0 0  
Related party transaction $ 0 $ 0 $ 0
v3.25.0.1
Retirement Plan (Details) - Savings Plan - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
General and Administrative Expense      
Defined Benefit Plan Disclosure [Line Items]      
Cost recognized $ 2.2 $ 2.0 $ 1.8
Maximum      
Defined Benefit Plan Disclosure [Line Items]      
Employer matching contribution 3.50%    
v3.25.0.1
Subsequent Events - Narrative (Details)
$ in Millions
 1 Months Ended
Feb. 28, 2025
USD ($)
Subsequent Event | Senior Notes Due 2025  
Subsequent Event [Line Items]  
Repayments of debt $ 632.3
v3.25.0.1
Schedule III - Real Estate and Accumulated Depreciation (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land $ 1,875,924      
Initial Cost to Company, Building & Improvements 7,446,304      
Initial Cost to Company, Subsequent to Acquisition 2,086,829      
Gross Amount at Which Carried at the Close of the Period, Land 1,834,814      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 9,574,243      
Gross Amount at Which Carried at the Close of the Period, Total 11,409,057 $ 10,995,887 $ 10,898,351 $ 10,428,414
Accumulated Depreciation (3,410,179) $ (3,198,980) $ (2,996,759) $ (2,813,329)
Springdale, Mobile, AL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 7,460      
Initial Cost to Company, Building & Improvements 39,380      
Initial Cost to Company, Subsequent to Acquisition 17,468      
Gross Amount at Which Carried at the Close of the Period, Land 6,693      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 57,615      
Gross Amount at Which Carried at the Close of the Period, Total 64,308      
Accumulated Depreciation (21,712)      
Northmall Centre, Tucson, AZ        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,140      
Initial Cost to Company, Building & Improvements 18,882      
Initial Cost to Company, Subsequent to Acquisition (1,437)      
Gross Amount at Which Carried at the Close of the Period, Land 2,202      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 18,383      
Gross Amount at Which Carried at the Close of the Period, Total 20,585      
Accumulated Depreciation (8,251)      
Bakersfield Plaza, Bakersfield, CA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 4,000      
Initial Cost to Company, Building & Improvements 25,537      
Initial Cost to Company, Subsequent to Acquisition 15,160      
Gross Amount at Which Carried at the Close of the Period, Land 4,502      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 40,195      
Gross Amount at Which Carried at the Close of the Period, Total 44,697      
Accumulated Depreciation (19,657)      
Land at Aurora Plaza        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 23,716      
Initial Cost to Company, Building & Improvements 68,925      
Initial Cost to Company, Subsequent to Acquisition 1,180      
Gross Amount at Which Carried at the Close of the Period, Land 23,716      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 70,105      
Gross Amount at Which Carried at the Close of the Period, Total 93,821      
Accumulated Depreciation (9,736)      
Carmen Plaza, Camarillo, CA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 5,410      
Initial Cost to Company, Building & Improvements 19,784      
Initial Cost to Company, Subsequent to Acquisition 7,778      
Gross Amount at Which Carried at the Close of the Period, Land 5,410      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 27,562      
Gross Amount at Which Carried at the Close of the Period, Total 32,972      
Accumulated Depreciation (8,324)      
Plaza Rio Vista, Cathedral, CA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,465      
Initial Cost to Company, Building & Improvements 12,687      
Initial Cost to Company, Subsequent to Acquisition 1,658      
Gross Amount at Which Carried at the Close of the Period, Land 2,465      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 14,345      
Gross Amount at Which Carried at the Close of the Period, Total 16,810      
Accumulated Depreciation (5,425)      
Cudahy Plaza, Cudahy, CA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 4,490      
Initial Cost to Company, Building & Improvements 13,474      
Initial Cost to Company, Subsequent to Acquisition 22,931      
Gross Amount at Which Carried at the Close of the Period, Land 4,778      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 36,117      
Gross Amount at Which Carried at the Close of the Period, Total 40,895      
Accumulated Depreciation (12,302)      
The Davis Collection, Davis, CA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 4,270      
Initial Cost to Company, Building & Improvements 18,372      
Initial Cost to Company, Subsequent to Acquisition 27,740      
Gross Amount at Which Carried at the Close of the Period, Land 4,270      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 46,112      
Gross Amount at Which Carried at the Close of the Period, Total 50,382      
Accumulated Depreciation (5,951)      
Felicita Plaza, Escondido, CA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 4,280      
Initial Cost to Company, Building & Improvements 12,464      
Initial Cost to Company, Subsequent to Acquisition 1,559      
Gross Amount at Which Carried at the Close of the Period, Land 4,280      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 14,023      
Gross Amount at Which Carried at the Close of the Period, Total 18,303      
Accumulated Depreciation (6,641)      
Felicita Town Center, Escondido, CA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 11,231      
Initial Cost to Company, Building & Improvements 31,381      
Initial Cost to Company, Subsequent to Acquisition 2,181      
Gross Amount at Which Carried at the Close of the Period, Land 11,231      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 33,562      
Gross Amount at Which Carried at the Close of the Period, Total 44,793      
Accumulated Depreciation (10,187)      
Arbor - Broadway Faire, Fresno, CA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 5,940      
Initial Cost to Company, Building & Improvements 34,123      
Initial Cost to Company, Subsequent to Acquisition (9,949)      
Gross Amount at Which Carried at the Close of the Period, Land 3,940      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 26,174      
Gross Amount at Which Carried at the Close of the Period, Total 30,114      
Accumulated Depreciation (11,803)      
Lompoc Center, Lompoc, CA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 4,670      
Initial Cost to Company, Building & Improvements 16,321      
Initial Cost to Company, Subsequent to Acquisition 7,264      
Gross Amount at Which Carried at the Close of the Period, Land 4,670      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 23,585      
Gross Amount at Which Carried at the Close of the Period, Total 28,255      
Accumulated Depreciation (8,548)      
Briggsmore Plaza, Modesto, CA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,140      
Initial Cost to Company, Building & Improvements 12,257      
Initial Cost to Company, Subsequent to Acquisition 587      
Gross Amount at Which Carried at the Close of the Period, Land 1,819      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 13,165      
Gross Amount at Which Carried at the Close of the Period, Total 14,984      
Accumulated Depreciation (5,791)      
Montebello Plaza, Montebello, CA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 13,360      
Initial Cost to Company, Building & Improvements 33,743      
Initial Cost to Company, Subsequent to Acquisition 8,408      
Gross Amount at Which Carried at the Close of the Period, Land 13,360      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 42,151      
Gross Amount at Which Carried at the Close of the Period, Total 55,511      
Accumulated Depreciation (19,513)      
California Oaks Center, Murrieta, CA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 5,180      
Initial Cost to Company, Building & Improvements 15,441      
Initial Cost to Company, Subsequent to Acquisition 5,397      
Gross Amount at Which Carried at the Close of the Period, Land 5,180      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 20,838      
Gross Amount at Which Carried at the Close of the Period, Total 26,018      
Accumulated Depreciation (8,790)      
Pacoima Center, Pacoima, CA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 7,050      
Initial Cost to Company, Building & Improvements 15,955      
Initial Cost to Company, Subsequent to Acquisition 2,004      
Gross Amount at Which Carried at the Close of the Period, Land 7,050      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 17,959      
Gross Amount at Which Carried at the Close of the Period, Total 25,009      
Accumulated Depreciation (10,816)      
Metro 580, Pleasanton, CA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 10,500      
Initial Cost to Company, Building & Improvements 19,409      
Initial Cost to Company, Subsequent to Acquisition 1,879      
Gross Amount at Which Carried at the Close of the Period, Land 10,500      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 21,288      
Gross Amount at Which Carried at the Close of the Period, Total 31,788      
Accumulated Depreciation (11,279)      
Rose Pavilion, Pleasanton, CA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 19,618      
Initial Cost to Company, Building & Improvements 63,140      
Initial Cost to Company, Subsequent to Acquisition 16,029      
Gross Amount at Which Carried at the Close of the Period, Land 19,618      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 79,169      
Gross Amount at Which Carried at the Close of the Period, Total 98,787      
Accumulated Depreciation (30,080)      
Puente Hills Town Center, Rowland Heights, CA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 15,670      
Initial Cost to Company, Building & Improvements 39,997      
Initial Cost to Company, Subsequent to Acquisition 9,261      
Gross Amount at Which Carried at the Close of the Period, Land 15,670      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 49,258      
Gross Amount at Which Carried at the Close of the Period, Total 64,928      
Accumulated Depreciation (18,163)      
Ocean View Plaza, San Clemente, CA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 15,750      
Initial Cost to Company, Building & Improvements 30,757      
Initial Cost to Company, Subsequent to Acquisition 3,092      
Gross Amount at Which Carried at the Close of the Period, Land 15,750      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 33,849      
Gross Amount at Which Carried at the Close of the Period, Total 49,599      
Accumulated Depreciation (13,171)      
Plaza By The Sea, San Clemente, CA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 9,607      
Initial Cost to Company, Building & Improvements 5,461      
Initial Cost to Company, Subsequent to Acquisition 6,330      
Gross Amount at Which Carried at the Close of the Period, Land 9,607      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 11,791      
Gross Amount at Which Carried at the Close of the Period, Total 21,398      
Accumulated Depreciation (2,243)      
Village at Mira Mesa, San Diego, CA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 14,870      
Initial Cost to Company, Building & Improvements 75,271      
Initial Cost to Company, Subsequent to Acquisition 38,347      
Gross Amount at Which Carried at the Close of the Period, Land 14,870      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 113,618      
Gross Amount at Which Carried at the Close of the Period, Total 128,488      
Accumulated Depreciation (41,114)      
San Dimas Plaza, San Dimas, CA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 15,101      
Initial Cost to Company, Building & Improvements 22,299      
Initial Cost to Company, Subsequent to Acquisition 4,279      
Gross Amount at Which Carried at the Close of the Period, Land 15,101      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 26,578      
Gross Amount at Which Carried at the Close of the Period, Total 41,679      
Accumulated Depreciation (10,559)      
Bristol Plaza, Santa Ana, CA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 9,110      
Initial Cost to Company, Building & Improvements 21,367      
Initial Cost to Company, Subsequent to Acquisition 5,507      
Gross Amount at Which Carried at the Close of the Period, Land 9,722      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 26,262      
Gross Amount at Which Carried at the Close of the Period, Total 35,984      
Accumulated Depreciation (9,662)      
Gateway Plaza, Santa Fe Springs, CA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 9,980      
Initial Cost to Company, Building & Improvements 31,263      
Initial Cost to Company, Subsequent to Acquisition 3,503      
Gross Amount at Which Carried at the Close of the Period, Land 9,980      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 34,766      
Gross Amount at Which Carried at the Close of the Period, Total 44,746      
Accumulated Depreciation (17,115)      
Santa Paula Center, Santa Paula, CA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,520      
Initial Cost to Company, Building & Improvements 18,079      
Initial Cost to Company, Subsequent to Acquisition 836      
Gross Amount at Which Carried at the Close of the Period, Land 3,520      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 18,915      
Gross Amount at Which Carried at the Close of the Period, Total 22,435      
Accumulated Depreciation (9,047)      
Vail Ranch Center, Temecula, CA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,750      
Initial Cost to Company, Building & Improvements 22,933      
Initial Cost to Company, Subsequent to Acquisition 10,937      
Gross Amount at Which Carried at the Close of the Period, Land 3,750      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 33,870      
Gross Amount at Which Carried at the Close of the Period, Total 37,620      
Accumulated Depreciation (11,891)      
Country Hills Shopping Center, Torrance, CA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,630      
Initial Cost to Company, Building & Improvements 8,716      
Initial Cost to Company, Subsequent to Acquisition 600      
Gross Amount at Which Carried at the Close of the Period, Land 3,589      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 9,357      
Gross Amount at Which Carried at the Close of the Period, Total 12,946      
Accumulated Depreciation (3,748)      
Upland Town Square        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 9,051      
Initial Cost to Company, Building & Improvements 23,171      
Initial Cost to Company, Subsequent to Acquisition 1,485      
Gross Amount at Which Carried at the Close of the Period, Land 9,051      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 24,656      
Gross Amount at Which Carried at the Close of the Period, Total 33,707      
Accumulated Depreciation (7,675)      
Gateway Plaza - Vallejo, Vallejo, CA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 12,947      
Initial Cost to Company, Building & Improvements 77,377      
Initial Cost to Company, Subsequent to Acquisition 30,160      
Gross Amount at Which Carried at the Close of the Period, Land 12,947      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 107,537      
Gross Amount at Which Carried at the Close of the Period, Total 120,484      
Accumulated Depreciation (40,851)      
Arvada Plaza, Arvada, CO        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,160      
Initial Cost to Company, Building & Improvements 7,378      
Initial Cost to Company, Subsequent to Acquisition 643      
Gross Amount at Which Carried at the Close of the Period, Land 1,160      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 8,021      
Gross Amount at Which Carried at the Close of the Period, Total 9,181      
Accumulated Depreciation (4,998)      
Arapahoe Crossings, Aurora, CO        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 13,676      
Initial Cost to Company, Building & Improvements 56,971      
Initial Cost to Company, Subsequent to Acquisition 16,712      
Gross Amount at Which Carried at the Close of the Period, Land 13,676      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 73,683      
Gross Amount at Which Carried at the Close of the Period, Total 87,359      
Accumulated Depreciation (27,273)      
Aurora Plaza, Aurora, CO        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 5,824      
Initial Cost to Company, Building & Improvements 9,309      
Initial Cost to Company, Subsequent to Acquisition 11,287      
Gross Amount at Which Carried at the Close of the Period, Land 5,824      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 20,596      
Gross Amount at Which Carried at the Close of the Period, Total 26,420      
Accumulated Depreciation (8,125)      
Villa Monaco, Denver, CO        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,090      
Initial Cost to Company, Building & Improvements 7,551      
Initial Cost to Company, Subsequent to Acquisition 3,669      
Gross Amount at Which Carried at the Close of the Period, Land 3,090      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 11,220      
Gross Amount at Which Carried at the Close of the Period, Total 14,310      
Accumulated Depreciation (4,660)      
Centennial Shopping Center, Englewood, CO        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 6,755      
Initial Cost to Company, Building & Improvements 11,721      
Initial Cost to Company, Subsequent to Acquisition 2,414      
Gross Amount at Which Carried at the Close of the Period, Land 6,755      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 14,135      
Gross Amount at Which Carried at the Close of the Period, Total 20,890      
Accumulated Depreciation (3,344)      
Superior Marketplace, Superior, CO        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 7,090      
Initial Cost to Company, Building & Improvements 37,670      
Initial Cost to Company, Subsequent to Acquisition 6,492      
Gross Amount at Which Carried at the Close of the Period, Land 6,924      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 44,328      
Gross Amount at Which Carried at the Close of the Period, Total 51,252      
Accumulated Depreciation (18,806)      
Westminster City Center, Westminster, CO        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 6,040      
Initial Cost to Company, Building & Improvements 45,099      
Initial Cost to Company, Subsequent to Acquisition 21,511      
Gross Amount at Which Carried at the Close of the Period, Land 6,040      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 66,610      
Gross Amount at Which Carried at the Close of the Period, Total 72,650      
Accumulated Depreciation (24,733)      
The Shoppes at Fox Run, Glastonbury, CT        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,550      
Initial Cost to Company, Building & Improvements 23,162      
Initial Cost to Company, Subsequent to Acquisition 5,220      
Gross Amount at Which Carried at the Close of the Period, Land 3,600      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 28,332      
Gross Amount at Which Carried at the Close of the Period, Total 31,932      
Accumulated Depreciation (13,067)      
Parkway Plaza, Hamden, CT        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 4,100      
Initial Cost to Company, Building & Improvements 7,844      
Initial Cost to Company, Subsequent to Acquisition 245      
Gross Amount at Which Carried at the Close of the Period, Land 4,100      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 8,089      
Gross Amount at Which Carried at the Close of the Period, Total 12,189      
Accumulated Depreciation (3,478)      
The Manchester Collection        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 8,200      
Initial Cost to Company, Building & Improvements 51,455      
Initial Cost to Company, Subsequent to Acquisition (11,534)      
Gross Amount at Which Carried at the Close of the Period, Land 7,627      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 40,494      
Gross Amount at Which Carried at the Close of the Period, Total 48,121      
Accumulated Depreciation (16,639)      
The Plaza at Buckland Hills Manchester, CT        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 11,852      
Initial Cost to Company, Building & Improvements 68,367      
Initial Cost to Company, Subsequent to Acquisition 0      
Gross Amount at Which Carried at the Close of the Period, Land 11,852      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 68,367      
Gross Amount at Which Carried at the Close of the Period, Total 80,219      
Accumulated Depreciation (588)      
Turnpike Plaza, Newington, CT        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,920      
Initial Cost to Company, Building & Improvements 23,880      
Initial Cost to Company, Subsequent to Acquisition (2,332)      
Gross Amount at Which Carried at the Close of the Period, Land 3,920      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 21,548      
Gross Amount at Which Carried at the Close of the Period, Total 25,468      
Accumulated Depreciation (9,892)      
North Haven Crossing, North Haven, CT        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 5,430      
Initial Cost to Company, Building & Improvements 16,371      
Initial Cost to Company, Subsequent to Acquisition 2,711      
Gross Amount at Which Carried at the Close of the Period, Land 5,430      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 19,082      
Gross Amount at Which Carried at the Close of the Period, Total 24,512      
Accumulated Depreciation (7,481)      
Colonial Commons - Orange, Orange, CT        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 4,870      
Initial Cost to Company, Building & Improvements 15,160      
Initial Cost to Company, Subsequent to Acquisition (57)      
Gross Amount at Which Carried at the Close of the Period, Land 4,870      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 15,103      
Gross Amount at Which Carried at the Close of the Period, Total 19,973      
Accumulated Depreciation (5,035)      
Stratford Square, Stratford, CT        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 5,970      
Initial Cost to Company, Building & Improvements 12,433      
Initial Cost to Company, Subsequent to Acquisition 7,671      
Gross Amount at Which Carried at the Close of the Period, Land 5,860      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 20,214      
Gross Amount at Which Carried at the Close of the Period, Total 26,074      
Accumulated Depreciation (8,851)      
Waterbury Plaza, Waterbury, CT        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 5,420      
Initial Cost to Company, Building & Improvements 18,062      
Initial Cost to Company, Subsequent to Acquisition 3,893      
Gross Amount at Which Carried at the Close of the Period, Land 4,793      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 22,582      
Gross Amount at Which Carried at the Close of the Period, Total 27,375      
Accumulated Depreciation (9,150)      
Waterford Commons, Waterford, CT        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 5,437      
Initial Cost to Company, Building & Improvements 46,769      
Initial Cost to Company, Subsequent to Acquisition 5,597      
Gross Amount at Which Carried at the Close of the Period, Land 5,437      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 52,366      
Gross Amount at Which Carried at the Close of the Period, Total 57,803      
Accumulated Depreciation (22,818)      
Center of Bonita Springs, Bonita Springs, FL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 10,946      
Initial Cost to Company, Building & Improvements 38,467      
Initial Cost to Company, Subsequent to Acquisition 7,153      
Gross Amount at Which Carried at the Close of the Period, Land 10,946      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 45,620      
Gross Amount at Which Carried at the Close of the Period, Total 56,566      
Accumulated Depreciation (7,548)      
Coastal Way - Coastal Landing, Brooksville, FL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 8,840      
Initial Cost to Company, Building & Improvements 34,027      
Initial Cost to Company, Subsequent to Acquisition 14,730      
Gross Amount at Which Carried at the Close of the Period, Land 8,840      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 48,757      
Gross Amount at Which Carried at the Close of the Period, Total 57,597      
Accumulated Depreciation (16,390)      
Clearwater Mall, Clearwater, FL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 15,300      
Initial Cost to Company, Building & Improvements 55,060      
Initial Cost to Company, Subsequent to Acquisition 8,788      
Gross Amount at Which Carried at the Close of the Period, Land 15,300      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 63,848      
Gross Amount at Which Carried at the Close of the Period, Total 79,148      
Accumulated Depreciation (23,980)      
Coconut Creek Plaza, Coconut Creek, FL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 7,400      
Initial Cost to Company, Building & Improvements 25,600      
Initial Cost to Company, Subsequent to Acquisition 5,485      
Gross Amount at Which Carried at the Close of the Period, Land 7,400      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 31,085      
Gross Amount at Which Carried at the Close of the Period, Total 38,485      
Accumulated Depreciation (13,779)      
Century Plaza Shopping Center, Deerfield Beach, FL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,050      
Initial Cost to Company, Building & Improvements 8,688      
Initial Cost to Company, Subsequent to Acquisition 4,415      
Gross Amount at Which Carried at the Close of the Period, Land 3,050      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 13,103      
Gross Amount at Which Carried at the Close of the Period, Total 16,153      
Accumulated Depreciation (5,197)      
Northgate Shopping Center, DeLand, FL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,500      
Initial Cost to Company, Building & Improvements 11,008      
Initial Cost to Company, Subsequent to Acquisition 5,604      
Gross Amount at Which Carried at the Close of the Period, Land 3,500      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 16,612      
Gross Amount at Which Carried at the Close of the Period, Total 20,112      
Accumulated Depreciation (5,377)      
Sun Plaza, Fort Walton Beach, FL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 4,480      
Initial Cost to Company, Building & Improvements 12,658      
Initial Cost to Company, Subsequent to Acquisition 2,359      
Gross Amount at Which Carried at the Close of the Period, Land 4,480      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 15,017      
Gross Amount at Which Carried at the Close of the Period, Total 19,497      
Accumulated Depreciation (7,852)      
Normandy Square, Jacksonville, FL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,936      
Initial Cost to Company, Building & Improvements 5,567      
Initial Cost to Company, Subsequent to Acquisition 1,984      
Gross Amount at Which Carried at the Close of the Period, Land 1,936      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 7,551      
Gross Amount at Which Carried at the Close of the Period, Total 9,487      
Accumulated Depreciation (3,873)      
Regency Park Shopping Center, Jacksonville, FL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 6,240      
Initial Cost to Company, Building & Improvements 15,561      
Initial Cost to Company, Subsequent to Acquisition 11,534      
Gross Amount at Which Carried at the Close of the Period, Land 6,240      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 27,095      
Gross Amount at Which Carried at the Close of the Period, Total 33,335      
Accumulated Depreciation (10,059)      
Ventura Downs, Kissimmee, FL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,580      
Initial Cost to Company, Building & Improvements 8,237      
Initial Cost to Company, Subsequent to Acquisition 5,435      
Gross Amount at Which Carried at the Close of the Period, Land 3,580      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 13,672      
Gross Amount at Which Carried at the Close of the Period, Total 17,252      
Accumulated Depreciation (5,131)      
Marketplace at Wycliffe, Lake Worth, FL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 7,930      
Initial Cost to Company, Building & Improvements 16,228      
Initial Cost to Company, Subsequent to Acquisition 463      
Gross Amount at Which Carried at the Close of the Period, Land 7,930      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 16,691      
Gross Amount at Which Carried at the Close of the Period, Total 24,621      
Accumulated Depreciation (5,953)      
Venetian Isle Shopping Ctr, Lighthouse Point, FL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 8,270      
Initial Cost to Company, Building & Improvements 15,030      
Initial Cost to Company, Subsequent to Acquisition 3,534      
Gross Amount at Which Carried at the Close of the Period, Land 8,270      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 18,564      
Gross Amount at Which Carried at the Close of the Period, Total 26,834      
Accumulated Depreciation (7,173)      
Marco Town Center, Marco Island, FL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 7,235      
Initial Cost to Company, Building & Improvements 27,490      
Initial Cost to Company, Subsequent to Acquisition 13,219      
Gross Amount at Which Carried at the Close of the Period, Land 7,235      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 40,709      
Gross Amount at Which Carried at the Close of the Period, Total 47,944      
Accumulated Depreciation (10,773)      
Shops at Palm Lakes, Miami, FL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 10,896      
Initial Cost to Company, Building & Improvements 17,596      
Initial Cost to Company, Subsequent to Acquisition 27,689      
Gross Amount at Which Carried at the Close of the Period, Land 10,896      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 45,285      
Gross Amount at Which Carried at the Close of the Period, Total 56,181      
Accumulated Depreciation (8,918)      
Freedom Square, Naples, FL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 4,760      
Initial Cost to Company, Building & Improvements 15,328      
Initial Cost to Company, Subsequent to Acquisition 12,004      
Gross Amount at Which Carried at the Close of the Period, Land 4,735      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 27,357      
Gross Amount at Which Carried at the Close of the Period, Total 32,092      
Accumulated Depreciation (7,884)      
Granada Shoppes, Naples, FL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 34,061      
Initial Cost to Company, Building & Improvements 69,551      
Initial Cost to Company, Subsequent to Acquisition 5,696      
Gross Amount at Which Carried at the Close of the Period, Land 34,061      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 75,247      
Gross Amount at Which Carried at the Close of the Period, Total 109,308      
Accumulated Depreciation (10,080)      
Naples Plaza, Naples, FL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 9,200      
Initial Cost to Company, Building & Improvements 20,738      
Initial Cost to Company, Subsequent to Acquisition 10,537      
Gross Amount at Which Carried at the Close of the Period, Land 9,200      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 31,275      
Gross Amount at Which Carried at the Close of the Period, Total 40,475      
Accumulated Depreciation (13,652)      
Park Shore Plaza, Naples, FL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 7,245      
Initial Cost to Company, Building & Improvements 16,555      
Initial Cost to Company, Subsequent to Acquisition 21,937      
Gross Amount at Which Carried at the Close of the Period, Land 7,245      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 38,492      
Gross Amount at Which Carried at the Close of the Period, Total 45,737      
Accumulated Depreciation (17,494)      
Chelsea Place, New Port Richey, FL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,303      
Initial Cost to Company, Building & Improvements 9,879      
Initial Cost to Company, Subsequent to Acquisition 370      
Gross Amount at Which Carried at the Close of the Period, Land 3,303      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 10,249      
Gross Amount at Which Carried at the Close of the Period, Total 13,552      
Accumulated Depreciation (4,106)      
Colonial Marketplace, Orlando, FL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 4,230      
Initial Cost to Company, Building & Improvements 20,242      
Initial Cost to Company, Subsequent to Acquisition 3,699      
Gross Amount at Which Carried at the Close of the Period, Land 4,230      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 23,941      
Gross Amount at Which Carried at the Close of the Period, Total 28,171      
Accumulated Depreciation (11,622)      
Conway Crossing, Orlando, FL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,208      
Initial Cost to Company, Building & Improvements 12,496      
Initial Cost to Company, Subsequent to Acquisition 640      
Gross Amount at Which Carried at the Close of the Period, Land 3,163      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 13,181      
Gross Amount at Which Carried at the Close of the Period, Total 16,344      
Accumulated Depreciation (5,694)      
Hunter's Creek Plaza, Orlando, FL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,589      
Initial Cost to Company, Building & Improvements 6,907      
Initial Cost to Company, Subsequent to Acquisition 3,164      
Gross Amount at Which Carried at the Close of the Period, Land 3,589      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 10,071      
Gross Amount at Which Carried at the Close of the Period, Total 13,660      
Accumulated Depreciation (4,057)      
Pointe Orlando, Orlando, FL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 6,120      
Initial Cost to Company, Building & Improvements 56,697      
Initial Cost to Company, Subsequent to Acquisition 79,634      
Gross Amount at Which Carried at the Close of the Period, Land 6,120      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 136,331      
Gross Amount at Which Carried at the Close of the Period, Total 142,451      
Accumulated Depreciation (36,165)      
Martin Downs Town Center, Palm City, FL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,660      
Initial Cost to Company, Building & Improvements 9,945      
Initial Cost to Company, Subsequent to Acquisition 225      
Gross Amount at Which Carried at the Close of the Period, Land 1,660      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 10,170      
Gross Amount at Which Carried at the Close of the Period, Total 11,830      
Accumulated Depreciation (3,668)      
Martin Downs Village Center, Palm City, FL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 5,319      
Initial Cost to Company, Building & Improvements 28,998      
Initial Cost to Company, Subsequent to Acquisition 2,160      
Gross Amount at Which Carried at the Close of the Period, Land 5,319      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 31,158      
Gross Amount at Which Carried at the Close of the Period, Total 36,477      
Accumulated Depreciation (11,436)      
23rd Street Station, Panama City, FL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,120      
Initial Cost to Company, Building & Improvements 9,115      
Initial Cost to Company, Subsequent to Acquisition 2,149      
Gross Amount at Which Carried at the Close of the Period, Land 3,120      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 11,264      
Gross Amount at Which Carried at the Close of the Period, Total 14,384      
Accumulated Depreciation (3,775)      
Panama City Square, Panama City, FL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 5,690      
Initial Cost to Company, Building & Improvements 15,789      
Initial Cost to Company, Subsequent to Acquisition 8,068      
Gross Amount at Which Carried at the Close of the Period, Land 5,690      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 23,857      
Gross Amount at Which Carried at the Close of the Period, Total 29,547      
Accumulated Depreciation (7,965)      
East Port Plaza, Port St. Lucie, FL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 4,099      
Initial Cost to Company, Building & Improvements 22,498      
Initial Cost to Company, Subsequent to Acquisition 5,628      
Gross Amount at Which Carried at the Close of the Period, Land 4,099      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 28,126      
Gross Amount at Which Carried at the Close of the Period, Total 32,225      
Accumulated Depreciation (8,555)      
Shoppes of Victoria Square, Port St. Lucie, FL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,450      
Initial Cost to Company, Building & Improvements 6,789      
Initial Cost to Company, Subsequent to Acquisition 968      
Gross Amount at Which Carried at the Close of the Period, Land 3,450      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 7,757      
Gross Amount at Which Carried at the Close of the Period, Total 11,207      
Accumulated Depreciation (3,580)      
Lake St. Charles, Riverview, FL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,801      
Initial Cost to Company, Building & Improvements 6,966      
Initial Cost to Company, Subsequent to Acquisition 428      
Gross Amount at Which Carried at the Close of the Period, Land 2,801      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 7,394      
Gross Amount at Which Carried at the Close of the Period, Total 10,195      
Accumulated Depreciation (2,747)      
Cobblestone Village, Royal Palm Beach, FL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,700      
Initial Cost to Company, Building & Improvements 5,473      
Initial Cost to Company, Subsequent to Acquisition 761      
Gross Amount at Which Carried at the Close of the Period, Land 2,700      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 6,234      
Gross Amount at Which Carried at the Close of the Period, Total 8,934      
Accumulated Depreciation (2,470)      
Beneva Village Shoppes, Sarasota, FL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 4,013      
Initial Cost to Company, Building & Improvements 19,403      
Initial Cost to Company, Subsequent to Acquisition 12,055      
Gross Amount at Which Carried at the Close of the Period, Land 4,013      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 31,458      
Gross Amount at Which Carried at the Close of the Period, Total 35,471      
Accumulated Depreciation (11,599)      
Sarasota Village, Sarasota, FL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 5,190      
Initial Cost to Company, Building & Improvements 12,728      
Initial Cost to Company, Subsequent to Acquisition 3,719      
Gross Amount at Which Carried at the Close of the Period, Land 5,190      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 16,447      
Gross Amount at Which Carried at the Close of the Period, Total 21,637      
Accumulated Depreciation (6,757)      
Atlantic Plaza, Satellite Beach, FL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,630      
Initial Cost to Company, Building & Improvements 11,609      
Initial Cost to Company, Subsequent to Acquisition 5,624      
Gross Amount at Which Carried at the Close of the Period, Land 2,630      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 17,233      
Gross Amount at Which Carried at the Close of the Period, Total 19,863      
Accumulated Depreciation (6,571)      
Seminole Plaza, Seminole, FL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,870      
Initial Cost to Company, Building & Improvements 8,410      
Initial Cost to Company, Subsequent to Acquisition 13,025      
Gross Amount at Which Carried at the Close of the Period, Land 3,870      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 21,435      
Gross Amount at Which Carried at the Close of the Period, Total 25,305      
Accumulated Depreciation (7,660)      
Cobblestone Village, St. Augustine, FL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 9,850      
Initial Cost to Company, Building & Improvements 34,113      
Initial Cost to Company, Subsequent to Acquisition 5,718      
Gross Amount at Which Carried at the Close of the Period, Land 9,850      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 39,831      
Gross Amount at Which Carried at the Close of the Period, Total 49,681      
Accumulated Depreciation (17,801)      
Dolphin Village, St. Pete Beach, FL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 9,882      
Initial Cost to Company, Building & Improvements 16,220      
Initial Cost to Company, Subsequent to Acquisition 4,023      
Gross Amount at Which Carried at the Close of the Period, Land 9,882      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 20,243      
Gross Amount at Which Carried at the Close of the Period, Total 30,125      
Accumulated Depreciation (6,997)      
Rutland Plaza, St. Petersburg, FL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,880      
Initial Cost to Company, Building & Improvements 8,513      
Initial Cost to Company, Subsequent to Acquisition 2,090      
Gross Amount at Which Carried at the Close of the Period, Land 3,880      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 10,603      
Gross Amount at Which Carried at the Close of the Period, Total 14,483      
Accumulated Depreciation (4,921)      
Tyrone Gardens, St. Petersburg, FL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 5,690      
Initial Cost to Company, Building & Improvements 10,456      
Initial Cost to Company, Subsequent to Acquisition 9,864      
Gross Amount at Which Carried at the Close of the Period, Land 5,690      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 20,320      
Gross Amount at Which Carried at the Close of the Period, Total 26,010      
Accumulated Depreciation (6,714)      
Downtown Publix, Stuart, FL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,770      
Initial Cost to Company, Building & Improvements 12,909      
Initial Cost to Company, Subsequent to Acquisition 5,811      
Gross Amount at Which Carried at the Close of the Period, Land 1,770      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 18,720      
Gross Amount at Which Carried at the Close of the Period, Total 20,490      
Accumulated Depreciation (6,988)      
Sunrise Town Center, Sunrise, FL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 9,166      
Initial Cost to Company, Building & Improvements 10,338      
Initial Cost to Company, Subsequent to Acquisition (1,681)      
Gross Amount at Which Carried at the Close of the Period, Land 7,856      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 9,967      
Gross Amount at Which Carried at the Close of the Period, Total 17,823      
Accumulated Depreciation (4,067)      
Britton Plaza Tampa, FL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 22,706      
Initial Cost to Company, Building & Improvements 56,428      
Initial Cost to Company, Subsequent to Acquisition 0      
Gross Amount at Which Carried at the Close of the Period, Land 22,706      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 56,428      
Gross Amount at Which Carried at the Close of the Period, Total 79,134      
Accumulated Depreciation (569)      
Carrollwood Center, Tampa, FL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,749      
Initial Cost to Company, Building & Improvements 15,194      
Initial Cost to Company, Subsequent to Acquisition 1,147      
Gross Amount at Which Carried at the Close of the Period, Land 3,749      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 16,341      
Gross Amount at Which Carried at the Close of the Period, Total 20,090      
Accumulated Depreciation (6,738)      
Ross Plaza, Tampa, FL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,808      
Initial Cost to Company, Building & Improvements 12,205      
Initial Cost to Company, Subsequent to Acquisition (68)      
Gross Amount at Which Carried at the Close of the Period, Land 2,640      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 12,305      
Gross Amount at Which Carried at the Close of the Period, Total 14,945      
Accumulated Depreciation (4,396)      
Shoppes at Tarpon, Tarpon Springs, FL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 7,800      
Initial Cost to Company, Building & Improvements 14,221      
Initial Cost to Company, Subsequent to Acquisition 4,824      
Gross Amount at Which Carried at the Close of the Period, Land 7,800      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 19,045      
Gross Amount at Which Carried at the Close of the Period, Total 26,845      
Accumulated Depreciation (10,433)      
Venice Plaza, Venice, FL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,245      
Initial Cost to Company, Building & Improvements 14,650      
Initial Cost to Company, Subsequent to Acquisition 2,835      
Gross Amount at Which Carried at the Close of the Period, Land 3,245      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 17,485      
Gross Amount at Which Carried at the Close of the Period, Total 20,730      
Accumulated Depreciation (5,383)      
Venice Shopping Center, Venice, FL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,555      
Initial Cost to Company, Building & Improvements 6,847      
Initial Cost to Company, Subsequent to Acquisition 3,835      
Gross Amount at Which Carried at the Close of the Period, Land 2,555      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 10,682      
Gross Amount at Which Carried at the Close of the Period, Total 13,237      
Accumulated Depreciation (3,691)      
Venice Village, Venice, FL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 7,157      
Initial Cost to Company, Building & Improvements 26,773      
Initial Cost to Company, Subsequent to Acquisition 12,258      
Gross Amount at Which Carried at the Close of the Period, Land 7,157      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 39,031      
Gross Amount at Which Carried at the Close of the Period, Total 46,188      
Accumulated Depreciation (8,750)      
Mansell Crossing, Alpharetta, GA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 19,840      
Initial Cost to Company, Building & Improvements 34,689      
Initial Cost to Company, Subsequent to Acquisition (4,638)      
Gross Amount at Which Carried at the Close of the Period, Land 15,461      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 34,430      
Gross Amount at Which Carried at the Close of the Period, Total 49,891      
Accumulated Depreciation (14,808)      
Northeast Plaza, Atlanta, GA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 6,907      
Initial Cost to Company, Building & Improvements 38,776      
Initial Cost to Company, Subsequent to Acquisition 5,069      
Gross Amount at Which Carried at the Close of the Period, Land 6,907      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 43,845      
Gross Amount at Which Carried at the Close of the Period, Total 50,752      
Accumulated Depreciation (17,316)      
Sweetwater Village, Austell, GA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,080      
Initial Cost to Company, Building & Improvements 3,119      
Initial Cost to Company, Subsequent to Acquisition 994      
Gross Amount at Which Carried at the Close of the Period, Land 1,080      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 4,113      
Gross Amount at Which Carried at the Close of the Period, Total 5,193      
Accumulated Depreciation (2,292)      
Vineyards at Chateau Elan, Braselton, GA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,202      
Initial Cost to Company, Building & Improvements 14,690      
Initial Cost to Company, Subsequent to Acquisition 786      
Gross Amount at Which Carried at the Close of the Period, Land 2,202      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 15,476      
Gross Amount at Which Carried at the Close of the Period, Total 17,678      
Accumulated Depreciation (5,977)      
Salem Road Station, Covington, GA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 670      
Initial Cost to Company, Building & Improvements 11,517      
Initial Cost to Company, Subsequent to Acquisition 1,145      
Gross Amount at Which Carried at the Close of the Period, Land 670      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 12,662      
Gross Amount at Which Carried at the Close of the Period, Total 13,332      
Accumulated Depreciation (4,815)      
Keith Bridge Commons, Cumming, GA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,601      
Initial Cost to Company, Building & Improvements 15,162      
Initial Cost to Company, Subsequent to Acquisition 1,299      
Gross Amount at Which Carried at the Close of the Period, Land 1,601      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 16,461      
Gross Amount at Which Carried at the Close of the Period, Total 18,062      
Accumulated Depreciation (6,206)      
Northside, Dalton, GA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,320      
Initial Cost to Company, Building & Improvements 4,220      
Initial Cost to Company, Subsequent to Acquisition 1,206      
Gross Amount at Which Carried at the Close of the Period, Land 1,320      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 5,426      
Gross Amount at Which Carried at the Close of the Period, Total 6,746      
Accumulated Depreciation (2,053)      
Cosby Station, Douglasville, GA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,650      
Initial Cost to Company, Building & Improvements 6,660      
Initial Cost to Company, Subsequent to Acquisition 797      
Gross Amount at Which Carried at the Close of the Period, Land 2,650      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 7,457      
Gross Amount at Which Carried at the Close of the Period, Total 10,107      
Accumulated Depreciation (3,330)      
Park Plaza, Douglasville, GA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,470      
Initial Cost to Company, Building & Improvements 2,870      
Initial Cost to Company, Subsequent to Acquisition 1,332      
Gross Amount at Which Carried at the Close of the Period, Land 1,470      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 4,202      
Gross Amount at Which Carried at the Close of the Period, Total 5,672      
Accumulated Depreciation (1,923)      
Venture Pointe, Duluth, GA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,460      
Initial Cost to Company, Building & Improvements 7,995      
Initial Cost to Company, Subsequent to Acquisition 5,797      
Gross Amount at Which Carried at the Close of the Period, Land 2,460      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 13,792      
Gross Amount at Which Carried at the Close of the Period, Total 16,252      
Accumulated Depreciation (8,563)      
Banks Station, Fayetteville, GA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,490      
Initial Cost to Company, Building & Improvements 13,060      
Initial Cost to Company, Subsequent to Acquisition 1,465      
Gross Amount at Which Carried at the Close of the Period, Land 3,517      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 14,498      
Gross Amount at Which Carried at the Close of the Period, Total 18,015      
Accumulated Depreciation (7,041)      
Barrett Place, Kennesaw, GA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 6,990      
Initial Cost to Company, Building & Improvements 14,370      
Initial Cost to Company, Subsequent to Acquisition 3,584      
Gross Amount at Which Carried at the Close of the Period, Land 6,990      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 17,954      
Gross Amount at Which Carried at the Close of the Period, Total 24,944      
Accumulated Depreciation (6,820)      
Shops of Huntcrest, Lawrenceville, GA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,093      
Initial Cost to Company, Building & Improvements 18,230      
Initial Cost to Company, Subsequent to Acquisition 989      
Gross Amount at Which Carried at the Close of the Period, Land 2,093      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 19,219      
Gross Amount at Which Carried at the Close of the Period, Total 21,312      
Accumulated Depreciation (6,792)      
Mableton Walk, Mableton, GA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,660      
Initial Cost to Company, Building & Improvements 9,467      
Initial Cost to Company, Subsequent to Acquisition 2,553      
Gross Amount at Which Carried at the Close of the Period, Land 1,645      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 12,035      
Gross Amount at Which Carried at the Close of the Period, Total 13,680      
Accumulated Depreciation (4,604)      
The Village at Mableton, Mableton, GA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,040      
Initial Cost to Company, Building & Improvements 6,647      
Initial Cost to Company, Subsequent to Acquisition 21,345      
Gross Amount at Which Carried at the Close of the Period, Land 2,040      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 27,992      
Gross Amount at Which Carried at the Close of the Period, Total 30,032      
Accumulated Depreciation (5,908)      
Eastlake Plaza, Marietta, GA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,650      
Initial Cost to Company, Building & Improvements 2,774      
Initial Cost to Company, Subsequent to Acquisition 2,671      
Gross Amount at Which Carried at the Close of the Period, Land 2,650      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 5,445      
Gross Amount at Which Carried at the Close of the Period, Total 8,095      
Accumulated Depreciation (1,714)      
New Chastain Corners, Marietta, GA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,090      
Initial Cost to Company, Building & Improvements 8,243      
Initial Cost to Company, Subsequent to Acquisition 3,508      
Gross Amount at Which Carried at the Close of the Period, Land 3,090      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 11,751      
Gross Amount at Which Carried at the Close of the Period, Total 14,841      
Accumulated Depreciation (4,974)      
Pavilions at Eastlake, Marietta, GA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 4,770      
Initial Cost to Company, Building & Improvements 12,874      
Initial Cost to Company, Subsequent to Acquisition 3,906      
Gross Amount at Which Carried at the Close of the Period, Land 4,770      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 16,780      
Gross Amount at Which Carried at the Close of the Period, Total 21,550      
Accumulated Depreciation (7,678)      
Creekwood Village, Rex, GA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,400      
Initial Cost to Company, Building & Improvements 4,893      
Initial Cost to Company, Subsequent to Acquisition 620      
Gross Amount at Which Carried at the Close of the Period, Land 1,400      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 5,513      
Gross Amount at Which Carried at the Close of the Period, Total 6,913      
Accumulated Depreciation (2,788)      
Connexion, Roswell, GA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,627      
Initial Cost to Company, Building & Improvements 28,074      
Initial Cost to Company, Subsequent to Acquisition 993      
Gross Amount at Which Carried at the Close of the Period, Land 2,627      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 29,067      
Gross Amount at Which Carried at the Close of the Period, Total 31,694      
Accumulated Depreciation (3,899)      
Holcomb Bridge Crossing, Roswell, GA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,170      
Initial Cost to Company, Building & Improvements 5,633      
Initial Cost to Company, Subsequent to Acquisition 5,286      
Gross Amount at Which Carried at the Close of the Period, Land 1,170      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 10,919      
Gross Amount at Which Carried at the Close of the Period, Total 12,089      
Accumulated Depreciation (5,774)      
Kings Market, Roswell, GA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 9,096      
Initial Cost to Company, Building & Improvements 33,899      
Initial Cost to Company, Subsequent to Acquisition 4,539      
Gross Amount at Which Carried at the Close of the Period, Land 9,096      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 38,438      
Gross Amount at Which Carried at the Close of the Period, Total 47,534      
Accumulated Depreciation (5,873)      
Victory Square, Savannah, GA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 6,230      
Initial Cost to Company, Building & Improvements 15,043      
Initial Cost to Company, Subsequent to Acquisition 2,025      
Gross Amount at Which Carried at the Close of the Period, Land 5,655      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 17,643      
Gross Amount at Which Carried at the Close of the Period, Total 23,298      
Accumulated Depreciation (6,723)      
Stockbridge Village, Stockbridge, GA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 6,210      
Initial Cost to Company, Building & Improvements 17,734      
Initial Cost to Company, Subsequent to Acquisition 4,107      
Gross Amount at Which Carried at the Close of the Period, Land 5,872      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 22,179      
Gross Amount at Which Carried at the Close of the Period, Total 28,051      
Accumulated Depreciation (10,356)      
Stone Mountain Festival, Stone Mountain, GA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 5,740      
Initial Cost to Company, Building & Improvements 17,078      
Initial Cost to Company, Subsequent to Acquisition (8,634)      
Gross Amount at Which Carried at the Close of the Period, Land 3,328      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 10,856      
Gross Amount at Which Carried at the Close of the Period, Total 14,184      
Accumulated Depreciation (4,237)      
Wilmington Island, Wilmington Island, GA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,630      
Initial Cost to Company, Building & Improvements 8,108      
Initial Cost to Company, Subsequent to Acquisition 1,287      
Gross Amount at Which Carried at the Close of the Period, Land 2,630      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 9,395      
Gross Amount at Which Carried at the Close of the Period, Total 12,025      
Accumulated Depreciation (3,761)      
Annex of Arlington, Arlington Heights, IL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 4,373      
Initial Cost to Company, Building & Improvements 19,431      
Initial Cost to Company, Subsequent to Acquisition 10,892      
Gross Amount at Which Carried at the Close of the Period, Land 4,373      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 30,323      
Gross Amount at Which Carried at the Close of the Period, Total 34,696      
Accumulated Depreciation (13,402)      
Ridge Plaza, Arlington Heights, IL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,720      
Initial Cost to Company, Building & Improvements 11,128      
Initial Cost to Company, Subsequent to Acquisition 3,724      
Gross Amount at Which Carried at the Close of the Period, Land 3,720      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 14,852      
Gross Amount at Which Carried at the Close of the Period, Total 18,572      
Accumulated Depreciation (8,247)      
Southfield Plaza, Bridgeview, IL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 5,880      
Initial Cost to Company, Building & Improvements 18,756      
Initial Cost to Company, Subsequent to Acquisition 5,444      
Gross Amount at Which Carried at the Close of the Period, Land 5,880      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 24,200      
Gross Amount at Which Carried at the Close of the Period, Total 30,080      
Accumulated Depreciation (11,569)      
Commons of Chicago Ridge, Chicago Ridge, IL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 4,310      
Initial Cost to Company, Building & Improvements 39,714      
Initial Cost to Company, Subsequent to Acquisition (11,580)      
Gross Amount at Which Carried at the Close of the Period, Land 2,426      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 30,018      
Gross Amount at Which Carried at the Close of the Period, Total 32,444      
Accumulated Depreciation (13,792)      
Rivercrest Shopping Center, Crestwood, IL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 11,010      
Initial Cost to Company, Building & Improvements 41,063      
Initial Cost to Company, Subsequent to Acquisition 12,973      
Gross Amount at Which Carried at the Close of the Period, Land 11,010      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 54,036      
Gross Amount at Which Carried at the Close of the Period, Total 65,046      
Accumulated Depreciation (23,566)      
The Commons of Crystal Lake, Crystal Lake, IL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,660      
Initial Cost to Company, Building & Improvements 32,993      
Initial Cost to Company, Subsequent to Acquisition 6,489      
Gross Amount at Which Carried at the Close of the Period, Land 3,660      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 39,482      
Gross Amount at Which Carried at the Close of the Period, Total 43,142      
Accumulated Depreciation (16,011)      
Elmhurst Crossing, Elmhurst, IL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 5,816      
Initial Cost to Company, Building & Improvements 81,784      
Initial Cost to Company, Subsequent to Acquisition 1,931      
Gross Amount at Which Carried at the Close of the Period, Land 5,816      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 83,715      
Gross Amount at Which Carried at the Close of the Period, Total 89,531      
Accumulated Depreciation (9,312)      
The Quentin Collection, Kildeer, IL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 6,002      
Initial Cost to Company, Building & Improvements 27,280      
Initial Cost to Company, Subsequent to Acquisition (10,134)      
Gross Amount at Which Carried at the Close of the Period, Land 3,279      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 19,869      
Gross Amount at Which Carried at the Close of the Period, Total 23,148      
Accumulated Depreciation (9,195)      
Butterfield Square, Libertyville, IL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,430      
Initial Cost to Company, Building & Improvements 13,370      
Initial Cost to Company, Subsequent to Acquisition 3,888      
Gross Amount at Which Carried at the Close of the Period, Land 3,430      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 17,258      
Gross Amount at Which Carried at the Close of the Period, Total 20,688      
Accumulated Depreciation (7,139)      
High Point Centre, Lombard, IL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 7,510      
Initial Cost to Company, Building & Improvements 21,583      
Initial Cost to Company, Subsequent to Acquisition 10,985      
Gross Amount at Which Carried at the Close of the Period, Land 7,523      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 32,555      
Gross Amount at Which Carried at the Close of the Period, Total 40,078      
Accumulated Depreciation (11,281)      
Long Meadow Commons, Mundelein, IL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 4,700      
Initial Cost to Company, Building & Improvements 11,597      
Initial Cost to Company, Subsequent to Acquisition 3,604      
Gross Amount at Which Carried at the Close of the Period, Land 4,700      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 15,201      
Gross Amount at Which Carried at the Close of the Period, Total 19,901      
Accumulated Depreciation (8,278)      
Westridge Court, Naperville, IL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 11,150      
Initial Cost to Company, Building & Improvements 75,719      
Initial Cost to Company, Subsequent to Acquisition 33,480      
Gross Amount at Which Carried at the Close of the Period, Land 10,560      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 109,789      
Gross Amount at Which Carried at the Close of the Period, Total 120,349      
Accumulated Depreciation (32,192)      
North Riverside Plaza, North Riverside, IL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 5,117      
Initial Cost to Company, Building & Improvements 57,577      
Initial Cost to Company, Subsequent to Acquisition 1,742      
Gross Amount at Which Carried at the Close of the Period, Land 5,117      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 59,319      
Gross Amount at Which Carried at the Close of the Period, Total 64,436      
Accumulated Depreciation (8,258)      
Ravinia Plaza, Orland Park, IL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,069      
Initial Cost to Company, Building & Improvements 24,288      
Initial Cost to Company, Subsequent to Acquisition 1,150      
Gross Amount at Which Carried at the Close of the Period, Land 2,069      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 25,438      
Gross Amount at Which Carried at the Close of the Period, Total 27,507      
Accumulated Depreciation (3,087)      
Rollins Crossing, Round Lake Beach, IL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,040      
Initial Cost to Company, Building & Improvements 23,623      
Initial Cost to Company, Subsequent to Acquisition (3,890)      
Gross Amount at Which Carried at the Close of the Period, Land 2,396      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 20,377      
Gross Amount at Which Carried at the Close of the Period, Total 22,773      
Accumulated Depreciation (10,435)      
Tinley Park Plaza, Tinley Park, IL        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 12,250      
Initial Cost to Company, Building & Improvements 22,511      
Initial Cost to Company, Subsequent to Acquisition 34,648      
Gross Amount at Which Carried at the Close of the Period, Land 12,250      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 57,159      
Gross Amount at Which Carried at the Close of the Period, Total 69,409      
Accumulated Depreciation (11,806)      
Meridian Village, Carmel, IN        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,290      
Initial Cost to Company, Building & Improvements 7,746      
Initial Cost to Company, Subsequent to Acquisition 3,722      
Gross Amount at Which Carried at the Close of the Period, Land 2,089      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 11,669      
Gross Amount at Which Carried at the Close of the Period, Total 13,758      
Accumulated Depreciation (4,961)      
Columbus Center, Columbus, IN        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,480      
Initial Cost to Company, Building & Improvements 14,740      
Initial Cost to Company, Subsequent to Acquisition 9,012      
Gross Amount at Which Carried at the Close of the Period, Land 1,480      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 23,752      
Gross Amount at Which Carried at the Close of the Period, Total 25,232      
Accumulated Depreciation (8,862)      
Speedway Super Center, Speedway, IN        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 8,410      
Initial Cost to Company, Building & Improvements 50,006      
Initial Cost to Company, Subsequent to Acquisition 27,784      
Gross Amount at Which Carried at the Close of the Period, Land 8,410      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 77,790      
Gross Amount at Which Carried at the Close of the Period, Total 86,200      
Accumulated Depreciation (30,233)      
Sagamore Park Centre, West Lafayette, IN        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,390      
Initial Cost to Company, Building & Improvements 11,150      
Initial Cost to Company, Subsequent to Acquisition 2,752      
Gross Amount at Which Carried at the Close of the Period, Land 2,390      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 13,902      
Gross Amount at Which Carried at the Close of the Period, Total 16,292      
Accumulated Depreciation (6,403)      
Westchester Square, Lenexa, KS        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,250      
Initial Cost to Company, Building & Improvements 14,555      
Initial Cost to Company, Subsequent to Acquisition 4,554      
Gross Amount at Which Carried at the Close of the Period, Land 3,250      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 19,109      
Gross Amount at Which Carried at the Close of the Period, Total 22,359      
Accumulated Depreciation (8,313)      
West Loop Shopping Center, Manhattan, KS        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,800      
Initial Cost to Company, Building & Improvements 12,622      
Initial Cost to Company, Subsequent to Acquisition 5,814      
Gross Amount at Which Carried at the Close of the Period, Land 2,800      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 18,436      
Gross Amount at Which Carried at the Close of the Period, Total 21,236      
Accumulated Depreciation (9,072)      
Florence Plaza - Florence Square, Florence, KY        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 11,014      
Initial Cost to Company, Building & Improvements 53,088      
Initial Cost to Company, Subsequent to Acquisition 29,656      
Gross Amount at Which Carried at the Close of the Period, Land 11,014      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 82,744      
Gross Amount at Which Carried at the Close of the Period, Total 93,758      
Accumulated Depreciation (35,164)      
Jeffersontown Commons, Jeffersontown, KY        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,920      
Initial Cost to Company, Building & Improvements 14,866      
Initial Cost to Company, Subsequent to Acquisition (240)      
Gross Amount at Which Carried at the Close of the Period, Land 3,957      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 14,589      
Gross Amount at Which Carried at the Close of the Period, Total 18,546      
Accumulated Depreciation (6,464)      
London Marketplace, London, KY        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,400      
Initial Cost to Company, Building & Improvements 10,362      
Initial Cost to Company, Subsequent to Acquisition 5,412      
Gross Amount at Which Carried at the Close of the Period, Land 1,400      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 15,774      
Gross Amount at Which Carried at the Close of the Period, Total 17,174      
Accumulated Depreciation (5,280)      
Eastgate Shopping Center, Louisville, KY        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 4,300      
Initial Cost to Company, Building & Improvements 13,975      
Initial Cost to Company, Subsequent to Acquisition 3,869      
Gross Amount at Which Carried at the Close of the Period, Land 4,300      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 17,844      
Gross Amount at Which Carried at the Close of the Period, Total 22,144      
Accumulated Depreciation (9,318)      
Plainview Village, Louisville, KY        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,600      
Initial Cost to Company, Building & Improvements 10,541      
Initial Cost to Company, Subsequent to Acquisition 2,775      
Gross Amount at Which Carried at the Close of the Period, Land 2,600      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 13,316      
Gross Amount at Which Carried at the Close of the Period, Total 15,916      
Accumulated Depreciation (5,860)      
Stony Brook I & II, Louisville, KY        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,650      
Initial Cost to Company, Building & Improvements 17,970      
Initial Cost to Company, Subsequent to Acquisition 2,815      
Gross Amount at Which Carried at the Close of the Period, Land 3,650      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 20,785      
Gross Amount at Which Carried at the Close of the Period, Total 24,435      
Accumulated Depreciation (9,514)      
Acton Plaza, Acton, MA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 10,224      
Initial Cost to Company, Building & Improvements 30,375      
Initial Cost to Company, Subsequent to Acquisition 12      
Gross Amount at Which Carried at the Close of the Period, Land 10,224      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 30,387      
Gross Amount at Which Carried at the Close of the Period, Total 40,611      
Accumulated Depreciation (1,106)      
Points West Plaza, Brockton, MA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,200      
Initial Cost to Company, Building & Improvements 10,605      
Initial Cost to Company, Subsequent to Acquisition 2,430      
Gross Amount at Which Carried at the Close of the Period, Land 2,200      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 13,035      
Gross Amount at Which Carried at the Close of the Period, Total 15,235      
Accumulated Depreciation (4,606)      
Burlington Square I, II & III, Burlington, MA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 4,690      
Initial Cost to Company, Building & Improvements 13,122      
Initial Cost to Company, Subsequent to Acquisition 4,529      
Gross Amount at Which Carried at the Close of the Period, Land 4,690      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 17,651      
Gross Amount at Which Carried at the Close of the Period, Total 22,341      
Accumulated Depreciation (7,053)      
Holyoke Shopping Center, Holyoke, MA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,110      
Initial Cost to Company, Building & Improvements 12,097      
Initial Cost to Company, Subsequent to Acquisition 1,817      
Gross Amount at Which Carried at the Close of the Period, Land 3,110      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 13,914      
Gross Amount at Which Carried at the Close of the Period, Total 17,024      
Accumulated Depreciation (7,133)      
WaterTower Plaza, Leominster, MA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 10,400      
Initial Cost to Company, Building & Improvements 40,312      
Initial Cost to Company, Subsequent to Acquisition 14,668      
Gross Amount at Which Carried at the Close of the Period, Land 10,342      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 55,038      
Gross Amount at Which Carried at the Close of the Period, Total 65,380      
Accumulated Depreciation (17,979)      
Lunenberg Crossing, Lunenburg, MA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 930      
Initial Cost to Company, Building & Improvements 1,991      
Initial Cost to Company, Subsequent to Acquisition 847      
Gross Amount at Which Carried at the Close of the Period, Land 942      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 2,826      
Gross Amount at Which Carried at the Close of the Period, Total 3,768      
Accumulated Depreciation (1,325)      
Lynn Marketplace, Lynn, MA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,100      
Initial Cost to Company, Building & Improvements 5,678      
Initial Cost to Company, Subsequent to Acquisition 5,175      
Gross Amount at Which Carried at the Close of the Period, Land 3,100      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 10,853      
Gross Amount at Which Carried at the Close of the Period, Total 13,953      
Accumulated Depreciation (3,423)      
Webster Square Shopping Center, Marshfield, MA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 5,532      
Initial Cost to Company, Building & Improvements 27,284      
Initial Cost to Company, Subsequent to Acquisition 1,379      
Gross Amount at Which Carried at the Close of the Period, Land 5,532      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 28,663      
Gross Amount at Which Carried at the Close of the Period, Total 34,195      
Accumulated Depreciation (10,087)      
Berkshire Crossing, Pittsfield, MA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 5,210      
Initial Cost to Company, Building & Improvements 39,558      
Initial Cost to Company, Subsequent to Acquisition (6,441)      
Gross Amount at Which Carried at the Close of the Period, Land 2,771      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 35,556      
Gross Amount at Which Carried at the Close of the Period, Total 38,327      
Accumulated Depreciation (16,692)      
Westgate Plaza, Westfield, MA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,494      
Initial Cost to Company, Building & Improvements 9,850      
Initial Cost to Company, Subsequent to Acquisition 4,704      
Gross Amount at Which Carried at the Close of the Period, Land 2,494      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 14,554      
Gross Amount at Which Carried at the Close of the Period, Total 17,048      
Accumulated Depreciation (4,056)      
Perkins Farm Marketplace, Worcester, MA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,150      
Initial Cost to Company, Building & Improvements 17,060      
Initial Cost to Company, Subsequent to Acquisition 6,783      
Gross Amount at Which Carried at the Close of the Period, Land 2,150      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 23,843      
Gross Amount at Which Carried at the Close of the Period, Total 25,993      
Accumulated Depreciation (11,241)      
South Plaza Shopping Center, California, MD        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,174      
Initial Cost to Company, Building & Improvements 23,209      
Initial Cost to Company, Subsequent to Acquisition 164      
Gross Amount at Which Carried at the Close of the Period, Land 2,174      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 23,373      
Gross Amount at Which Carried at the Close of the Period, Total 25,547      
Accumulated Depreciation (8,131)      
Fox Run, Prince Frederick, MD        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,560      
Initial Cost to Company, Building & Improvements 31,431      
Initial Cost to Company, Subsequent to Acquisition 24,220      
Gross Amount at Which Carried at the Close of the Period, Land 3,396      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 55,815      
Gross Amount at Which Carried at the Close of the Period, Total 59,211      
Accumulated Depreciation (17,049)      
Pine Tree Shopping Center, Portland, ME        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,860      
Initial Cost to Company, Building & Improvements 19,182      
Initial Cost to Company, Subsequent to Acquisition 2,131      
Gross Amount at Which Carried at the Close of the Period, Land 2,860      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 21,313      
Gross Amount at Which Carried at the Close of the Period, Total 24,173      
Accumulated Depreciation (13,231)      
Arborland Center, Ann Arbor, MI        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 20,222      
Initial Cost to Company, Building & Improvements 90,938      
Initial Cost to Company, Subsequent to Acquisition 4,116      
Gross Amount at Which Carried at the Close of the Period, Land 20,222      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 95,054      
Gross Amount at Which Carried at the Close of the Period, Total 115,276      
Accumulated Depreciation (29,137)      
Huron Village Ann Arbor, MI        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,449      
Initial Cost to Company, Building & Improvements 30,688      
Initial Cost to Company, Subsequent to Acquisition 0      
Gross Amount at Which Carried at the Close of the Period, Land 2,449      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 30,688      
Gross Amount at Which Carried at the Close of the Period, Total 33,137      
Accumulated Depreciation (334)      
Maple Village, Ann Arbor, MI        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,200      
Initial Cost to Company, Building & Improvements 19,108      
Initial Cost to Company, Subsequent to Acquisition 32,814      
Gross Amount at Which Carried at the Close of the Period, Land 3,200      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 51,922      
Gross Amount at Which Carried at the Close of the Period, Total 55,122      
Accumulated Depreciation (18,022)      
Grand Crossing, Brighton, MI        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,780      
Initial Cost to Company, Building & Improvements 7,540      
Initial Cost to Company, Subsequent to Acquisition 2,574      
Gross Amount at Which Carried at the Close of the Period, Land 1,780      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 10,114      
Gross Amount at Which Carried at the Close of the Period, Total 11,894      
Accumulated Depreciation (4,975)      
Farmington Crossroads, Farmington, MI        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,620      
Initial Cost to Company, Building & Improvements 4,542      
Initial Cost to Company, Subsequent to Acquisition 1,990      
Gross Amount at Which Carried at the Close of the Period, Land 1,620      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 6,532      
Gross Amount at Which Carried at the Close of the Period, Total 8,152      
Accumulated Depreciation (3,339)      
Silver Pointe Shopping Center, Fenton, MI        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,840      
Initial Cost to Company, Building & Improvements 12,631      
Initial Cost to Company, Subsequent to Acquisition 4,939      
Gross Amount at Which Carried at the Close of the Period, Land 3,840      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 17,570      
Gross Amount at Which Carried at the Close of the Period, Total 21,410      
Accumulated Depreciation (7,963)      
Cascade East, Grand Rapids, MI        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,280      
Initial Cost to Company, Building & Improvements 5,433      
Initial Cost to Company, Subsequent to Acquisition 3,414      
Gross Amount at Which Carried at the Close of the Period, Land 1,280      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 8,847      
Gross Amount at Which Carried at the Close of the Period, Total 10,127      
Accumulated Depreciation (3,800)      
Delta Center, Lansing, MI        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,580      
Initial Cost to Company, Building & Improvements 9,616      
Initial Cost to Company, Subsequent to Acquisition 1,137      
Gross Amount at Which Carried at the Close of the Period, Land 1,518      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 10,815      
Gross Amount at Which Carried at the Close of the Period, Total 12,333      
Accumulated Depreciation (3,814)      
Lakes Crossing        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,440      
Initial Cost to Company, Building & Improvements 13,571      
Initial Cost to Company, Subsequent to Acquisition 771      
Gross Amount at Which Carried at the Close of the Period, Land 1,200      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 14,582      
Gross Amount at Which Carried at the Close of the Period, Total 15,782      
Accumulated Depreciation (7,234)      
Redford Plaza, Redford, MI        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 7,510      
Initial Cost to Company, Building & Improvements 20,174      
Initial Cost to Company, Subsequent to Acquisition 13,418      
Gross Amount at Which Carried at the Close of the Period, Land 7,510      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 33,592      
Gross Amount at Which Carried at the Close of the Period, Total 41,102      
Accumulated Depreciation (13,339)      
Hampton Village Centre, Rochester Hills, MI        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 5,370      
Initial Cost to Company, Building & Improvements 48,930      
Initial Cost to Company, Subsequent to Acquisition 23,662      
Gross Amount at Which Carried at the Close of the Period, Land 5,370      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 72,592      
Gross Amount at Which Carried at the Close of the Period, Total 77,962      
Accumulated Depreciation (28,642)      
Southfield Plaza, Southfield, MI        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,320      
Initial Cost to Company, Building & Improvements 4,085      
Initial Cost to Company, Subsequent to Acquisition 3,462      
Gross Amount at Which Carried at the Close of the Period, Land 1,320      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 7,547      
Gross Amount at Which Carried at the Close of the Period, Total 8,867      
Accumulated Depreciation (4,082)      
Delco Plaza, Sterling Heights, MI        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,860      
Initial Cost to Company, Building & Improvements 7,025      
Initial Cost to Company, Subsequent to Acquisition (171)      
Gross Amount at Which Carried at the Close of the Period, Land 2,860      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 6,854      
Gross Amount at Which Carried at the Close of the Period, Total 9,714      
Accumulated Depreciation (3,136)      
West Ridge, Westland, MI        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,800      
Initial Cost to Company, Building & Improvements 6,640      
Initial Cost to Company, Subsequent to Acquisition 4,831      
Gross Amount at Which Carried at the Close of the Period, Land 1,800      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 11,471      
Gross Amount at Which Carried at the Close of the Period, Total 13,271      
Accumulated Depreciation (5,061)      
Washtenaw Fountain Plaza, Ypsilanti, MI        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,030      
Initial Cost to Company, Building & Improvements 7,234      
Initial Cost to Company, Subsequent to Acquisition 666      
Gross Amount at Which Carried at the Close of the Period, Land 2,037      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 7,893      
Gross Amount at Which Carried at the Close of the Period, Total 9,930      
Accumulated Depreciation (3,640)      
Southport Centre I - VI, Apple Valley, MN        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 4,960      
Initial Cost to Company, Building & Improvements 18,527      
Initial Cost to Company, Subsequent to Acquisition 1,039      
Gross Amount at Which Carried at the Close of the Period, Land 4,602      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 19,924      
Gross Amount at Which Carried at the Close of the Period, Total 24,526      
Accumulated Depreciation (7,330)      
Champlin Marketplace, Champlin, MN        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,985      
Initial Cost to Company, Building & Improvements 11,375      
Initial Cost to Company, Subsequent to Acquisition 1,407      
Gross Amount at Which Carried at the Close of the Period, Land 3,985      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 12,782      
Gross Amount at Which Carried at the Close of the Period, Total 16,767      
Accumulated Depreciation (2,524)      
Burning Tree Plaza, Duluth, MN        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 4,790      
Initial Cost to Company, Building & Improvements 16,279      
Initial Cost to Company, Subsequent to Acquisition 3,648      
Gross Amount at Which Carried at the Close of the Period, Land 4,790      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 19,927      
Gross Amount at Which Carried at the Close of the Period, Total 24,717      
Accumulated Depreciation (8,252)      
Westwind Plaza, Minnetonka, MN        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,630      
Initial Cost to Company, Building & Improvements 12,171      
Initial Cost to Company, Subsequent to Acquisition 3,486      
Gross Amount at Which Carried at the Close of the Period, Land 2,630      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 15,657      
Gross Amount at Which Carried at the Close of the Period, Total 18,287      
Accumulated Depreciation (5,614)      
Richfield Hub, Richfield, MN        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 7,960      
Initial Cost to Company, Building & Improvements 19,907      
Initial Cost to Company, Subsequent to Acquisition 1,074      
Gross Amount at Which Carried at the Close of the Period, Land 7,619      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 21,322      
Gross Amount at Which Carried at the Close of the Period, Total 28,941      
Accumulated Depreciation (7,699)      
Roseville Center, Roseville, MN        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,620      
Initial Cost to Company, Building & Improvements 8,593      
Initial Cost to Company, Subsequent to Acquisition 7,775      
Gross Amount at Which Carried at the Close of the Period, Land 1,620      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 16,368      
Gross Amount at Which Carried at the Close of the Period, Total 17,988      
Accumulated Depreciation (5,011)      
Marketplace @ 42, Savage, MN        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 5,150      
Initial Cost to Company, Building & Improvements 13,221      
Initial Cost to Company, Subsequent to Acquisition 4,994      
Gross Amount at Which Carried at the Close of the Period, Land 5,100      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 18,265      
Gross Amount at Which Carried at the Close of the Period, Total 23,365      
Accumulated Depreciation (8,352)      
Sun Ray Shopping Center, St. Paul, MN        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 5,250      
Initial Cost to Company, Building & Improvements 21,447      
Initial Cost to Company, Subsequent to Acquisition 3,670      
Gross Amount at Which Carried at the Close of the Period, Land 4,733      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 25,634      
Gross Amount at Which Carried at the Close of the Period, Total 30,367      
Accumulated Depreciation (11,511)      
White Bear Hills Shopping Center, White Bear Lake, MN        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,790      
Initial Cost to Company, Building & Improvements 6,182      
Initial Cost to Company, Subsequent to Acquisition 2,227      
Gross Amount at Which Carried at the Close of the Period, Land 1,790      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 8,409      
Gross Amount at Which Carried at the Close of the Period, Total 10,199      
Accumulated Depreciation (4,190)      
Ellisville Square, Ellisville, MO        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 4,144      
Initial Cost to Company, Building & Improvements 8,003      
Initial Cost to Company, Subsequent to Acquisition 5,083      
Gross Amount at Which Carried at the Close of the Period, Land 4,144      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 13,086      
Gross Amount at Which Carried at the Close of the Period, Total 17,230      
Accumulated Depreciation (7,065)      
Watts Mill Plaza, Kansas City, MO        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,610      
Initial Cost to Company, Building & Improvements 13,868      
Initial Cost to Company, Subsequent to Acquisition 2,317      
Gross Amount at Which Carried at the Close of the Period, Land 2,610      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 16,185      
Gross Amount at Which Carried at the Close of the Period, Total 18,795      
Accumulated Depreciation (6,096)      
Liberty Corners, Liberty, MO        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,530      
Initial Cost to Company, Building & Improvements 8,918      
Initial Cost to Company, Subsequent to Acquisition 3,707      
Gross Amount at Which Carried at the Close of the Period, Land 2,530      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 12,625      
Gross Amount at Which Carried at the Close of the Period, Total 15,155      
Accumulated Depreciation (5,929)      
Maplewood Square, Maplewood, MO        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,450      
Initial Cost to Company, Building & Improvements 4,720      
Initial Cost to Company, Subsequent to Acquisition 571      
Gross Amount at Which Carried at the Close of the Period, Land 1,450      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 5,291      
Gross Amount at Which Carried at the Close of the Period, Total 6,741      
Accumulated Depreciation (1,827)      
Devonshire Place, Cary, NC        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 940      
Initial Cost to Company, Building & Improvements 4,533      
Initial Cost to Company, Subsequent to Acquisition 4,848      
Gross Amount at Which Carried at the Close of the Period, Land 940      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 9,381      
Gross Amount at Which Carried at the Close of the Period, Total 10,321      
Accumulated Depreciation (5,957)      
McMullen Creek Market, Charlotte, NC        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 10,590      
Initial Cost to Company, Building & Improvements 24,266      
Initial Cost to Company, Subsequent to Acquisition 11,447      
Gross Amount at Which Carried at the Close of the Period, Land 10,590      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 35,713      
Gross Amount at Which Carried at the Close of the Period, Total 46,303      
Accumulated Depreciation (14,557)      
The Commons at Chancellor Park, Charlotte, NC        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 5,240      
Initial Cost to Company, Building & Improvements 20,500      
Initial Cost to Company, Subsequent to Acquisition 2,350      
Gross Amount at Which Carried at the Close of the Period, Land 5,240      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 22,850      
Gross Amount at Which Carried at the Close of the Period, Total 28,090      
Accumulated Depreciation (10,395)      
Garner Towne Square, Garner, NC        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 6,233      
Initial Cost to Company, Building & Improvements 23,681      
Initial Cost to Company, Subsequent to Acquisition 6,168      
Gross Amount at Which Carried at the Close of the Period, Land 6,233      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 29,849      
Gross Amount at Which Carried at the Close of the Period, Total 36,082      
Accumulated Depreciation (8,702)      
Franklin Square, Gastonia, NC        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 7,060      
Initial Cost to Company, Building & Improvements 29,355      
Initial Cost to Company, Subsequent to Acquisition 7,236      
Gross Amount at Which Carried at the Close of the Period, Land 7,060      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 36,591      
Gross Amount at Which Carried at the Close of the Period, Total 43,651      
Accumulated Depreciation (15,135)      
Wendover Place, Greensboro, NC        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 15,990      
Initial Cost to Company, Building & Improvements 42,299      
Initial Cost to Company, Subsequent to Acquisition 3,804      
Gross Amount at Which Carried at the Close of the Period, Land 15,881      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 46,212      
Gross Amount at Which Carried at the Close of the Period, Total 62,093      
Accumulated Depreciation (20,710)      
University Commons, Greenville, NC        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 5,350      
Initial Cost to Company, Building & Improvements 26,253      
Initial Cost to Company, Subsequent to Acquisition 5,009      
Gross Amount at Which Carried at the Close of the Period, Land 5,350      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 31,262      
Gross Amount at Which Carried at the Close of the Period, Total 36,612      
Accumulated Depreciation (13,705)      
North Ridge Shopping Center, Raleigh, NC        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 12,841      
Initial Cost to Company, Building & Improvements 50,225      
Initial Cost to Company, Subsequent to Acquisition 0      
Gross Amount at Which Carried at the Close of the Period, Land 12,841      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 50,225      
Gross Amount at Which Carried at the Close of the Period, Total 63,066      
Accumulated Depreciation (403)      
Roxboro Square, Roxboro, NC        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,550      
Initial Cost to Company, Building & Improvements 8,976      
Initial Cost to Company, Subsequent to Acquisition (8,683)      
Gross Amount at Which Carried at the Close of the Period, Land 419      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 1,424      
Gross Amount at Which Carried at the Close of the Period, Total 1,843      
Accumulated Depreciation (568)      
Innes Street Market, Salisbury, NC        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 12,180      
Initial Cost to Company, Building & Improvements 27,462      
Initial Cost to Company, Subsequent to Acquisition 880      
Gross Amount at Which Carried at the Close of the Period, Land 10,548      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 29,974      
Gross Amount at Which Carried at the Close of the Period, Total 40,522      
Accumulated Depreciation (15,270)      
New Centre Market, Wilmington, NC        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 5,730      
Initial Cost to Company, Building & Improvements 15,217      
Initial Cost to Company, Subsequent to Acquisition 5,446      
Gross Amount at Which Carried at the Close of the Period, Land 5,730      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 20,663      
Gross Amount at Which Carried at the Close of the Period, Total 26,393      
Accumulated Depreciation (8,332)      
University Commons, Wilmington, NC        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 6,910      
Initial Cost to Company, Building & Improvements 26,611      
Initial Cost to Company, Subsequent to Acquisition 4,191      
Gross Amount at Which Carried at the Close of the Period, Land 6,910      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 30,802      
Gross Amount at Which Carried at the Close of the Period, Total 37,712      
Accumulated Depreciation (13,524)      
Parkway Plaza, Winston-Salem, NC        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 6,910      
Initial Cost to Company, Building & Improvements 17,604      
Initial Cost to Company, Subsequent to Acquisition 4,812      
Gross Amount at Which Carried at the Close of the Period, Land 6,740      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 22,586      
Gross Amount at Which Carried at the Close of the Period, Total 29,326      
Accumulated Depreciation (8,527)      
Stratford Commons, Winston-Salem, NC        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,770      
Initial Cost to Company, Building & Improvements 9,562      
Initial Cost to Company, Subsequent to Acquisition 835      
Gross Amount at Which Carried at the Close of the Period, Land 2,770      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 10,397      
Gross Amount at Which Carried at the Close of the Period, Total 13,167      
Accumulated Depreciation (3,782)      
Bedford Grove, Bedford, NH        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,400      
Initial Cost to Company, Building & Improvements 19,065      
Initial Cost to Company, Subsequent to Acquisition 1      
Gross Amount at Which Carried at the Close of the Period, Land 2,368      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 20,098      
Gross Amount at Which Carried at the Close of the Period, Total 22,466      
Accumulated Depreciation (5,589)      
Capitol Shopping Center, Concord, NH        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,160      
Initial Cost to Company, Building & Improvements 11,584      
Initial Cost to Company, Subsequent to Acquisition 8,958      
Gross Amount at Which Carried at the Close of the Period, Land 2,160      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 20,542      
Gross Amount at Which Carried at the Close of the Period, Total 22,702      
Accumulated Depreciation (7,112)      
Willow Springs Plaza, Nashua, NH        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,490      
Initial Cost to Company, Building & Improvements 20,288      
Initial Cost to Company, Subsequent to Acquisition 116      
Gross Amount at Which Carried at the Close of the Period, Land 3,490      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 20,404      
Gross Amount at Which Carried at the Close of the Period, Total 23,894      
Accumulated Depreciation (8,114)      
Seacoast Shopping Center, Seabrook, NH        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,230      
Initial Cost to Company, Building & Improvements 8,967      
Initial Cost to Company, Subsequent to Acquisition (2,643)      
Gross Amount at Which Carried at the Close of the Period, Land 1,139      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 7,415      
Gross Amount at Which Carried at the Close of the Period, Total 8,554      
Accumulated Depreciation (3,439)      
Tri-City Plaza, Somersworth, NH        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,900      
Initial Cost to Company, Building & Improvements 10,034      
Initial Cost to Company, Subsequent to Acquisition 5,653      
Gross Amount at Which Carried at the Close of the Period, Land 1,900      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 15,687      
Gross Amount at Which Carried at the Close of the Period, Total 17,587      
Accumulated Depreciation (7,518)      
Laurel Square, Brick, NJ        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 5,400      
Initial Cost to Company, Building & Improvements 20,998      
Initial Cost to Company, Subsequent to Acquisition 16,465      
Gross Amount at Which Carried at the Close of the Period, Land 5,400      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 37,463      
Gross Amount at Which Carried at the Close of the Period, Total 42,863      
Accumulated Depreciation (10,152)      
the Shoppes at Cinnaminson, Cinnaminson, NJ        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 6,030      
Initial Cost to Company, Building & Improvements 45,605      
Initial Cost to Company, Subsequent to Acquisition 5,608      
Gross Amount at Which Carried at the Close of the Period, Land 6,030      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 51,213      
Gross Amount at Which Carried at the Close of the Period, Total 57,243      
Accumulated Depreciation (22,299)      
Acme Clark, Clark, NJ        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,630      
Initial Cost to Company, Building & Improvements 8,351      
Initial Cost to Company, Subsequent to Acquisition 140      
Gross Amount at Which Carried at the Close of the Period, Land 2,630      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 8,491      
Gross Amount at Which Carried at the Close of the Period, Total 11,121      
Accumulated Depreciation (5,021)      
Collegetown Shopping Center, Glassboro, NJ        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,560      
Initial Cost to Company, Building & Improvements 16,336      
Initial Cost to Company, Subsequent to Acquisition 26,975      
Gross Amount at Which Carried at the Close of the Period, Land 1,560      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 43,311      
Gross Amount at Which Carried at the Close of the Period, Total 44,871      
Accumulated Depreciation (12,780)      
Hamilton Plaza, Hamilton, NJ        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,580      
Initial Cost to Company, Building & Improvements 8,972      
Initial Cost to Company, Subsequent to Acquisition 19,389      
Gross Amount at Which Carried at the Close of the Period, Land 1,580      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 28,361      
Gross Amount at Which Carried at the Close of the Period, Total 29,941      
Accumulated Depreciation (8,108)      
Bennetts Mills Plaza, Jackson, NJ        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,130      
Initial Cost to Company, Building & Improvements 17,126      
Initial Cost to Company, Subsequent to Acquisition 473      
Gross Amount at Which Carried at the Close of the Period, Land 3,130      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 17,599      
Gross Amount at Which Carried at the Close of the Period, Total 20,729      
Accumulated Depreciation (5,330)      
Marlton Crossing, Marlton, NJ        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 5,950      
Initial Cost to Company, Building & Improvements 45,874      
Initial Cost to Company, Subsequent to Acquisition 31,654      
Gross Amount at Which Carried at the Close of the Period, Land 5,950      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 77,528      
Gross Amount at Which Carried at the Close of the Period, Total 83,478      
Accumulated Depreciation (31,793)      
Middletown Plaza, Middletown, NJ        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 5,060      
Initial Cost to Company, Building & Improvements 41,800      
Initial Cost to Company, Subsequent to Acquisition 6,221      
Gross Amount at Which Carried at the Close of the Period, Land 5,060      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 48,021      
Gross Amount at Which Carried at the Close of the Period, Total 53,081      
Accumulated Depreciation (15,361)      
Larchmont Centre, Mount Laurel, NJ        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 4,421      
Initial Cost to Company, Building & Improvements 14,985      
Initial Cost to Company, Subsequent to Acquisition 1,157      
Gross Amount at Which Carried at the Close of the Period, Land 4,421      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 16,142      
Gross Amount at Which Carried at the Close of the Period, Total 20,563      
Accumulated Depreciation (5,359)      
Old Bridge Gateway, Old Bridge, NJ        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 7,200      
Initial Cost to Company, Building & Improvements 37,756      
Initial Cost to Company, Subsequent to Acquisition 14,010      
Gross Amount at Which Carried at the Close of the Period, Land 7,200      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 51,766      
Gross Amount at Which Carried at the Close of the Period, Total 58,966      
Accumulated Depreciation (17,192)      
Morris Hills Shopping Center, Parsippany, NJ        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,970      
Initial Cost to Company, Building & Improvements 29,879      
Initial Cost to Company, Subsequent to Acquisition 940      
Gross Amount at Which Carried at the Close of the Period, Land 3,970      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 30,819      
Gross Amount at Which Carried at the Close of the Period, Total 34,789      
Accumulated Depreciation (11,218)      
Rio Grande Plaza, Rio Grande, NJ        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,660      
Initial Cost to Company, Building & Improvements 12,627      
Initial Cost to Company, Subsequent to Acquisition 8,007      
Gross Amount at Which Carried at the Close of the Period, Land 1,660      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 20,634      
Gross Amount at Which Carried at the Close of the Period, Total 22,294      
Accumulated Depreciation (6,638)      
Ocean Heights Plaza, Somers Point, NJ        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 6,110      
Initial Cost to Company, Building & Improvements 34,911      
Initial Cost to Company, Subsequent to Acquisition 3,810      
Gross Amount at Which Carried at the Close of the Period, Land 6,110      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 38,721      
Gross Amount at Which Carried at the Close of the Period, Total 44,831      
Accumulated Depreciation (14,942)      
Springfield Place, Springfield, NJ        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,773      
Initial Cost to Company, Building & Improvements 4,577      
Initial Cost to Company, Subsequent to Acquisition 2,370      
Gross Amount at Which Carried at the Close of the Period, Land 1,773      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 6,947      
Gross Amount at Which Carried at the Close of the Period, Total 8,720      
Accumulated Depreciation (2,983)      
Tinton Falls Plaza, Tinton Falls, NJ        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,080      
Initial Cost to Company, Building & Improvements 12,385      
Initial Cost to Company, Subsequent to Acquisition 2,451      
Gross Amount at Which Carried at the Close of the Period, Land 3,080      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 14,836      
Gross Amount at Which Carried at the Close of the Period, Total 17,916      
Accumulated Depreciation (6,073)      
Cross Keys Commons, Turnersville, NJ        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 5,840      
Initial Cost to Company, Building & Improvements 33,347      
Initial Cost to Company, Subsequent to Acquisition 6,132      
Gross Amount at Which Carried at the Close of the Period, Land 5,872      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 39,447      
Gross Amount at Which Carried at the Close of the Period, Total 45,319      
Accumulated Depreciation (16,132)      
Parkway Plaza, Carle Place, NY        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 5,790      
Initial Cost to Company, Building & Improvements 19,740      
Initial Cost to Company, Subsequent to Acquisition 6,627      
Gross Amount at Which Carried at the Close of the Period, Land 5,790      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 26,367      
Gross Amount at Which Carried at the Close of the Period, Total 32,157      
Accumulated Depreciation (8,556)      
Suffolk Plaza, East Setauket, NY        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,780      
Initial Cost to Company, Building & Improvements 12,321      
Initial Cost to Company, Subsequent to Acquisition 8,782      
Gross Amount at Which Carried at the Close of the Period, Land 2,780      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 21,103      
Gross Amount at Which Carried at the Close of the Period, Total 23,883      
Accumulated Depreciation (5,847)      
Three Village Shopping Center, East Setauket, NY        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 5,310      
Initial Cost to Company, Building & Improvements 15,849      
Initial Cost to Company, Subsequent to Acquisition 657      
Gross Amount at Which Carried at the Close of the Period, Land 5,310      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 16,506      
Gross Amount at Which Carried at the Close of the Period, Total 21,816      
Accumulated Depreciation (6,978)      
West Center, East Setauket, NY        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 4,949      
Initial Cost to Company, Building & Improvements 13,899      
Initial Cost to Company, Subsequent to Acquisition 141      
Gross Amount at Which Carried at the Close of the Period, Land 4,949      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 14,040      
Gross Amount at Which Carried at the Close of the Period, Total 18,989      
Accumulated Depreciation (934)      
Stewart Plaza, Garden City, NY        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 6,040      
Initial Cost to Company, Building & Improvements 21,970      
Initial Cost to Company, Subsequent to Acquisition 19,574      
Gross Amount at Which Carried at the Close of the Period, Land 6,040      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 41,544      
Gross Amount at Which Carried at the Close of the Period, Total 47,584      
Accumulated Depreciation (11,948)      
Dalewood I, II & III Shopping Center, Hartsdale, NY        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 6,900      
Initial Cost to Company, Building & Improvements 57,804      
Initial Cost to Company, Subsequent to Acquisition 14,219      
Gross Amount at Which Carried at the Close of the Period, Land 6,900      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 72,023      
Gross Amount at Which Carried at the Close of the Period, Total 78,923      
Accumulated Depreciation (22,502)      
Unity Plaza, Hopewell Junction, NY        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,100      
Initial Cost to Company, Building & Improvements 14,051      
Initial Cost to Company, Subsequent to Acquisition 163      
Gross Amount at Which Carried at the Close of the Period, Land 2,100      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 14,214      
Gross Amount at Which Carried at the Close of the Period, Total 16,314      
Accumulated Depreciation (6,416)      
Cayuga Mall, Ithaca, NY        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,180      
Initial Cost to Company, Building & Improvements 11,244      
Initial Cost to Company, Subsequent to Acquisition 5,417      
Gross Amount at Which Carried at the Close of the Period, Land 1,180      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 16,661      
Gross Amount at Which Carried at the Close of the Period, Total 17,841      
Accumulated Depreciation (6,244)      
Kings Park Plaza, Kings Park, NY        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 4,790      
Initial Cost to Company, Building & Improvements 11,367      
Initial Cost to Company, Subsequent to Acquisition 2,333      
Gross Amount at Which Carried at the Close of the Period, Land 4,790      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 13,700      
Gross Amount at Which Carried at the Close of the Period, Total 18,490      
Accumulated Depreciation (5,759)      
Village Square Shopping Center, Larchmont, NY        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,320      
Initial Cost to Company, Building & Improvements 5,137      
Initial Cost to Company, Subsequent to Acquisition 1,036      
Gross Amount at Which Carried at the Close of the Period, Land 1,320      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 6,173      
Gross Amount at Which Carried at the Close of the Period, Total 7,493      
Accumulated Depreciation (2,350)      
Falcaro's Plaza, Lawrence, NY        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,410      
Initial Cost to Company, Building & Improvements 9,678      
Initial Cost to Company, Subsequent to Acquisition 5,653      
Gross Amount at Which Carried at the Close of the Period, Land 3,410      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 15,331      
Gross Amount at Which Carried at the Close of the Period, Total 18,741      
Accumulated Depreciation (5,370)      
Mamaroneck Centre, Mamaroneck, NY        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,198      
Initial Cost to Company, Building & Improvements 1,999      
Initial Cost to Company, Subsequent to Acquisition 11,739      
Gross Amount at Which Carried at the Close of the Period, Land 2,198      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 13,738      
Gross Amount at Which Carried at the Close of the Period, Total 15,936      
Accumulated Depreciation (2,535)      
Sunshine Square, Medford, NY        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 7,350      
Initial Cost to Company, Building & Improvements 24,713      
Initial Cost to Company, Subsequent to Acquisition 3,505      
Gross Amount at Which Carried at the Close of the Period, Land 7,350      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 28,218      
Gross Amount at Which Carried at the Close of the Period, Total 35,568      
Accumulated Depreciation (11,916)      
Wallkill Plaza, Middletown, NY        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,360      
Initial Cost to Company, Building & Improvements 8,410      
Initial Cost to Company, Subsequent to Acquisition 2,021      
Gross Amount at Which Carried at the Close of the Period, Land 1,360      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 10,431      
Gross Amount at Which Carried at the Close of the Period, Total 11,791      
Accumulated Depreciation (5,245)      
Monroe ShopRite Plaza, Monroe, NY        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,840      
Initial Cost to Company, Building & Improvements 16,111      
Initial Cost to Company, Subsequent to Acquisition 667      
Gross Amount at Which Carried at the Close of the Period, Land 1,840      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 16,778      
Gross Amount at Which Carried at the Close of the Period, Total 18,618      
Accumulated Depreciation (7,789)      
Rockland Plaza, Nanuet, NY        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 11,097      
Initial Cost to Company, Building & Improvements 60,790      
Initial Cost to Company, Subsequent to Acquisition 14,854      
Gross Amount at Which Carried at the Close of the Period, Land 11,097      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 75,644      
Gross Amount at Which Carried at the Close of the Period, Total 86,741      
Accumulated Depreciation (25,757)      
North Ridge Shopping Center, New Rochelle, NY        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 4,910      
Initial Cost to Company, Building & Improvements 9,612      
Initial Cost to Company, Subsequent to Acquisition 3,763      
Gross Amount at Which Carried at the Close of the Period, Land 4,910      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 13,375      
Gross Amount at Which Carried at the Close of the Period, Total 18,285      
Accumulated Depreciation (4,864)      
Nesconset Shopping Center, Port Jefferson Station, NY        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 5,510      
Initial Cost to Company, Building & Improvements 20,473      
Initial Cost to Company, Subsequent to Acquisition 9,102      
Gross Amount at Which Carried at the Close of the Period, Land 5,510      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 29,575      
Gross Amount at Which Carried at the Close of the Period, Total 35,085      
Accumulated Depreciation (10,004)      
Roanoke Plaza, Riverhead, NY        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 5,050      
Initial Cost to Company, Building & Improvements 15,177      
Initial Cost to Company, Subsequent to Acquisition 3,198      
Gross Amount at Which Carried at the Close of the Period, Land 5,050      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 18,375      
Gross Amount at Which Carried at the Close of the Period, Total 23,425      
Accumulated Depreciation (7,100)      
The Shops at Riverhead, Riverhead, NY        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 6,331      
Initial Cost to Company, Building & Improvements 0      
Initial Cost to Company, Subsequent to Acquisition 36,243      
Gross Amount at Which Carried at the Close of the Period, Land 3,899      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 38,675      
Gross Amount at Which Carried at the Close of the Period, Total 42,574      
Accumulated Depreciation (12,187)      
Rockville Centre, Rockville Centre, NY        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,590      
Initial Cost to Company, Building & Improvements 6,982      
Initial Cost to Company, Subsequent to Acquisition 397      
Gross Amount at Which Carried at the Close of the Period, Land 3,590      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 7,379      
Gross Amount at Which Carried at the Close of the Period, Total 10,969      
Accumulated Depreciation (3,026)      
College Plaza, Selden, NY        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 8,270      
Initial Cost to Company, Building & Improvements 14,267      
Initial Cost to Company, Subsequent to Acquisition 19,378      
Gross Amount at Which Carried at the Close of the Period, Land 8,270      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 33,645      
Gross Amount at Which Carried at the Close of the Period, Total 41,915      
Accumulated Depreciation (10,280)      
Campus Plaza, Vestal, NY        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,170      
Initial Cost to Company, Building & Improvements 16,384      
Initial Cost to Company, Subsequent to Acquisition 1,058      
Gross Amount at Which Carried at the Close of the Period, Land 1,170      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 17,442      
Gross Amount at Which Carried at the Close of the Period, Total 18,612      
Accumulated Depreciation (8,264)      
Parkway Plaza, Vestal, NY        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,168      
Initial Cost to Company, Building & Improvements 18,651      
Initial Cost to Company, Subsequent to Acquisition 3,415      
Gross Amount at Which Carried at the Close of the Period, Land 2,181      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 22,053      
Gross Amount at Which Carried at the Close of the Period, Total 24,234      
Accumulated Depreciation (9,509)      
Shoppes at Vestal, Vestal, NY        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,340      
Initial Cost to Company, Building & Improvements 14,730      
Initial Cost to Company, Subsequent to Acquisition 1,135      
Gross Amount at Which Carried at the Close of the Period, Land 1,340      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 15,865      
Gross Amount at Which Carried at the Close of the Period, Total 17,205      
Accumulated Depreciation (5,592)      
Town Square Mall, Vestal, NY        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,520      
Initial Cost to Company, Building & Improvements 41,457      
Initial Cost to Company, Subsequent to Acquisition 19,133      
Gross Amount at Which Carried at the Close of the Period, Land 2,520      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 60,590      
Gross Amount at Which Carried at the Close of the Period, Total 63,110      
Accumulated Depreciation (20,619)      
Highridge Plaza, Yonkers, NY        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 6,020      
Initial Cost to Company, Building & Improvements 17,358      
Initial Cost to Company, Subsequent to Acquisition 4,245      
Gross Amount at Which Carried at the Close of the Period, Land 6,020      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 21,603      
Gross Amount at Which Carried at the Close of the Period, Total 27,623      
Accumulated Depreciation (7,422)      
Brunswick Town Center, Brunswick, OH        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,930      
Initial Cost to Company, Building & Improvements 18,561      
Initial Cost to Company, Subsequent to Acquisition 5,808      
Gross Amount at Which Carried at the Close of the Period, Land 2,969      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 24,330      
Gross Amount at Which Carried at the Close of the Period, Total 27,299      
Accumulated Depreciation (8,607)      
Brentwood Plaza, Cincinnati, OH        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 5,090      
Initial Cost to Company, Building & Improvements 20,513      
Initial Cost to Company, Subsequent to Acquisition 3,456      
Gross Amount at Which Carried at the Close of the Period, Land 5,090      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 23,969      
Gross Amount at Which Carried at the Close of the Period, Total 29,059      
Accumulated Depreciation (11,270)      
Delhi Shopping Center, Cincinnati, OH        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,690      
Initial Cost to Company, Building & Improvements 8,085      
Initial Cost to Company, Subsequent to Acquisition 2,580      
Gross Amount at Which Carried at the Close of the Period, Land 3,690      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 10,665      
Gross Amount at Which Carried at the Close of the Period, Total 14,355      
Accumulated Depreciation (5,065)      
Harpers Station, Cincinnati, OH        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,987      
Initial Cost to Company, Building & Improvements 27,804      
Initial Cost to Company, Subsequent to Acquisition (23,585)      
Gross Amount at Which Carried at the Close of the Period, Land 1,186      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 7,020      
Gross Amount at Which Carried at the Close of the Period, Total 8,206      
Accumulated Depreciation (2,497)      
Western Hills Plaza, Cincinnati, OH        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 8,690      
Initial Cost to Company, Building & Improvements 27,664      
Initial Cost to Company, Subsequent to Acquisition 16,277      
Gross Amount at Which Carried at the Close of the Period, Land 8,690      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 43,941      
Gross Amount at Which Carried at the Close of the Period, Total 52,631      
Accumulated Depreciation (13,801)      
Western Village, Cincinnati, OH        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,420      
Initial Cost to Company, Building & Improvements 12,817      
Initial Cost to Company, Subsequent to Acquisition 1,390      
Gross Amount at Which Carried at the Close of the Period, Land 3,370      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 14,257      
Gross Amount at Which Carried at the Close of the Period, Total 17,627      
Accumulated Depreciation (7,404)      
Crown Point, Columbus, OH        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,120      
Initial Cost to Company, Building & Improvements 14,980      
Initial Cost to Company, Subsequent to Acquisition 2,268      
Gross Amount at Which Carried at the Close of the Period, Land 2,120      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 17,248      
Gross Amount at Which Carried at the Close of the Period, Total 19,368      
Accumulated Depreciation (8,948)      
Greentree Shopping Center, Columbus, OH        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,920      
Initial Cost to Company, Building & Improvements 12,531      
Initial Cost to Company, Subsequent to Acquisition 3,097      
Gross Amount at Which Carried at the Close of the Period, Land 1,920      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 15,628      
Gross Amount at Which Carried at the Close of the Period, Total 17,548      
Accumulated Depreciation (7,509)      
South Towne Centre, Dayton, OH        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 4,990      
Initial Cost to Company, Building & Improvements 43,152      
Initial Cost to Company, Subsequent to Acquisition 4,455      
Gross Amount at Which Carried at the Close of the Period, Land 4,990      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 47,607      
Gross Amount at Which Carried at the Close of the Period, Total 52,597      
Accumulated Depreciation (20,640)      
Southland Shopping Center, Middleburg Heights, OH        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 5,940      
Initial Cost to Company, Building & Improvements 55,360      
Initial Cost to Company, Subsequent to Acquisition (12,680)      
Gross Amount at Which Carried at the Close of the Period, Land 3,844      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 44,776      
Gross Amount at Which Carried at the Close of the Period, Total 48,620      
Accumulated Depreciation (22,670)      
The Shoppes at North Olmsted, North Olmsted, OH        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 510      
Initial Cost to Company, Building & Improvements 4,151      
Initial Cost to Company, Subsequent to Acquisition 5      
Gross Amount at Which Carried at the Close of the Period, Land 510      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 4,156      
Gross Amount at Which Carried at the Close of the Period, Total 4,666      
Accumulated Depreciation (2,460)      
Surrey Square Mall, Norwood, OH        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,900      
Initial Cost to Company, Building & Improvements 18,402      
Initial Cost to Company, Subsequent to Acquisition 3,090      
Gross Amount at Which Carried at the Close of the Period, Land 3,900      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 21,492      
Gross Amount at Which Carried at the Close of the Period, Total 25,392      
Accumulated Depreciation (9,720)      
Miracle Mile Shopping Plaza, Toledo, OH        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,510      
Initial Cost to Company, Building & Improvements 15,792      
Initial Cost to Company, Subsequent to Acquisition 2,992      
Gross Amount at Which Carried at the Close of the Period, Land 1,411      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 18,883      
Gross Amount at Which Carried at the Close of the Period, Total 20,294      
Accumulated Depreciation (10,429)      
Village West, Allentown, PA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 4,180      
Initial Cost to Company, Building & Improvements 23,402      
Initial Cost to Company, Subsequent to Acquisition 2,385      
Gross Amount at Which Carried at the Close of the Period, Land 4,180      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 25,787      
Gross Amount at Which Carried at the Close of the Period, Total 29,967      
Accumulated Depreciation (10,676)      
Park Hills Plaza, Altoona, PA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 4,390      
Initial Cost to Company, Building & Improvements 23,218      
Initial Cost to Company, Subsequent to Acquisition (21,801)      
Gross Amount at Which Carried at the Close of the Period, Land 233      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 5,574      
Gross Amount at Which Carried at the Close of the Period, Total 5,807      
Accumulated Depreciation (1,237)      
Lehigh Shopping Center, Bethlehem, PA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 6,980      
Initial Cost to Company, Building & Improvements 34,900      
Initial Cost to Company, Subsequent to Acquisition 5,186      
Gross Amount at Which Carried at the Close of the Period, Land 6,980      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 40,086      
Gross Amount at Which Carried at the Close of the Period, Total 47,066      
Accumulated Depreciation (20,807)      
Bristol Park, Bristol, PA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,180      
Initial Cost to Company, Building & Improvements 21,530      
Initial Cost to Company, Subsequent to Acquisition 2,961      
Gross Amount at Which Carried at the Close of the Period, Land 3,241      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 24,430      
Gross Amount at Which Carried at the Close of the Period, Total 27,671      
Accumulated Depreciation (9,340)      
New Britain Village Square, Chalfont, PA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 4,250      
Initial Cost to Company, Building & Improvements 24,449      
Initial Cost to Company, Subsequent to Acquisition 3,676      
Gross Amount at Which Carried at the Close of the Period, Land 4,250      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 28,125      
Gross Amount at Which Carried at the Close of the Period, Total 32,375      
Accumulated Depreciation (10,761)      
Collegeville Shopping Center, Collegeville, PA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,410      
Initial Cost to Company, Building & Improvements 7,451      
Initial Cost to Company, Subsequent to Acquisition 7,124      
Gross Amount at Which Carried at the Close of the Period, Land 3,410      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 14,575      
Gross Amount at Which Carried at the Close of the Period, Total 17,985      
Accumulated Depreciation (6,420)      
Plymouth Square Shopping Center, Conshohocken, PA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 17,001      
Initial Cost to Company, Building & Improvements 44,208      
Initial Cost to Company, Subsequent to Acquisition 40,835      
Gross Amount at Which Carried at the Close of the Period, Land 17,001      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 85,043      
Gross Amount at Which Carried at the Close of the Period, Total 102,044      
Accumulated Depreciation (11,550)      
Whitemarsh Shopping Center, Conshohocken, PA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,410      
Initial Cost to Company, Building & Improvements 11,753      
Initial Cost to Company, Subsequent to Acquisition 7,162      
Gross Amount at Which Carried at the Close of the Period, Land 3,410      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 18,915      
Gross Amount at Which Carried at the Close of the Period, Total 22,325      
Accumulated Depreciation (6,547)      
Valley Fair, Devon, PA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,810      
Initial Cost to Company, Building & Improvements 8,161      
Initial Cost to Company, Subsequent to Acquisition (5,657)      
Gross Amount at Which Carried at the Close of the Period, Land 1,152      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 3,162      
Gross Amount at Which Carried at the Close of the Period, Total 4,314      
Accumulated Depreciation (1,315)      
Dickson City Crossings, Dickson City, PA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 4,800      
Initial Cost to Company, Building & Improvements 31,423      
Initial Cost to Company, Subsequent to Acquisition 8,945      
Gross Amount at Which Carried at the Close of the Period, Land 4,825      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 40,343      
Gross Amount at Which Carried at the Close of the Period, Total 45,168      
Accumulated Depreciation (16,544)      
Barn Plaza, Doylestown, PA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 8,780      
Initial Cost to Company, Building & Improvements 29,183      
Initial Cost to Company, Subsequent to Acquisition 10,857      
Gross Amount at Which Carried at the Close of the Period, Land 8,780      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 40,040      
Gross Amount at Which Carried at the Close of the Period, Total 48,820      
Accumulated Depreciation (13,200)      
Pilgrim Gardens, Drexel Hill, PA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,090      
Initial Cost to Company, Building & Improvements 5,043      
Initial Cost to Company, Subsequent to Acquisition 6,795      
Gross Amount at Which Carried at the Close of the Period, Land 2,090      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 11,838      
Gross Amount at Which Carried at the Close of the Period, Total 13,928      
Accumulated Depreciation (5,554)      
North Penn Market Place, Lansdale, PA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,060      
Initial Cost to Company, Building & Improvements 5,253      
Initial Cost to Company, Subsequent to Acquisition 2,031      
Gross Amount at Which Carried at the Close of the Period, Land 3,060      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 7,284      
Gross Amount at Which Carried at the Close of the Period, Total 10,344      
Accumulated Depreciation (3,284)      
Village at Newtown, Newtown, PA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 7,690      
Initial Cost to Company, Building & Improvements 37,765      
Initial Cost to Company, Subsequent to Acquisition 46,465      
Gross Amount at Which Carried at the Close of the Period, Land 7,690      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 84,230      
Gross Amount at Which Carried at the Close of the Period, Total 91,920      
Accumulated Depreciation (24,750)      
Ivyridge, Philadelphia, PA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 7,100      
Initial Cost to Company, Building & Improvements 21,004      
Initial Cost to Company, Subsequent to Acquisition (257)      
Gross Amount at Which Carried at the Close of the Period, Land 7,100      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 20,747      
Gross Amount at Which Carried at the Close of the Period, Total 27,847      
Accumulated Depreciation (7,721)      
Roosevelt Mall, Philadelphia, PA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 10,970      
Initial Cost to Company, Building & Improvements 89,141      
Initial Cost to Company, Subsequent to Acquisition 58,676      
Gross Amount at Which Carried at the Close of the Period, Land 10,970      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 147,817      
Gross Amount at Which Carried at the Close of the Period, Total 158,787      
Accumulated Depreciation (42,931)      
Shoppes at Valley Forge, Phoenixville, PA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,010      
Initial Cost to Company, Building & Improvements 13,025      
Initial Cost to Company, Subsequent to Acquisition 2,749      
Gross Amount at Which Carried at the Close of the Period, Land 2,010      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 15,774      
Gross Amount at Which Carried at the Close of the Period, Total 17,784      
Accumulated Depreciation (7,307)      
County Line Plaza, Souderton, PA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 910      
Initial Cost to Company, Building & Improvements 8,346      
Initial Cost to Company, Subsequent to Acquisition 5,032      
Gross Amount at Which Carried at the Close of the Period, Land 910      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 13,378      
Gross Amount at Which Carried at the Close of the Period, Total 14,288      
Accumulated Depreciation (4,924)      
69th Street Plaza, Upper Darby, PA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 640      
Initial Cost to Company, Building & Improvements 4,362      
Initial Cost to Company, Subsequent to Acquisition 1,015      
Gross Amount at Which Carried at the Close of the Period, Land 640      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 5,377      
Gross Amount at Which Carried at the Close of the Period, Total 6,017      
Accumulated Depreciation (2,156)      
Warminster Towne Center, Warminster, PA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 4,310      
Initial Cost to Company, Building & Improvements 35,284      
Initial Cost to Company, Subsequent to Acquisition 3,681      
Gross Amount at Which Carried at the Close of the Period, Land 4,310      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 38,965      
Gross Amount at Which Carried at the Close of the Period, Total 43,275      
Accumulated Depreciation (16,610)      
Shops at Prospect, West Hempfield, PA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 760      
Initial Cost to Company, Building & Improvements 6,532      
Initial Cost to Company, Subsequent to Acquisition 799      
Gross Amount at Which Carried at the Close of the Period, Land 760      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 7,331      
Gross Amount at Which Carried at the Close of the Period, Total 8,091      
Accumulated Depreciation (3,333)      
Whitehall Square, Whitehall, PA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 4,350      
Initial Cost to Company, Building & Improvements 33,067      
Initial Cost to Company, Subsequent to Acquisition 2,084      
Gross Amount at Which Carried at the Close of the Period, Land 4,350      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 35,151      
Gross Amount at Which Carried at the Close of the Period, Total 39,501      
Accumulated Depreciation (15,062)      
Wilkes-Barre Township Marketplace, Wilkes-Barre, PA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,180      
Initial Cost to Company, Building & Improvements 17,430      
Initial Cost to Company, Subsequent to Acquisition 3,751      
Gross Amount at Which Carried at the Close of the Period, Land 2,180      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 21,181      
Gross Amount at Which Carried at the Close of the Period, Total 23,361      
Accumulated Depreciation (12,316)      
Belfair Towne Village, Bluffton, SC        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 4,265      
Initial Cost to Company, Building & Improvements 31,801      
Initial Cost to Company, Subsequent to Acquisition 3,427      
Gross Amount at Which Carried at the Close of the Period, Land 4,265      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 35,228      
Gross Amount at Which Carried at the Close of the Period, Total 39,493      
Accumulated Depreciation (12,297)      
Milestone Plaza, Greenville, SC        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,563      
Initial Cost to Company, Building & Improvements 15,645      
Initial Cost to Company, Subsequent to Acquisition 2,960      
Gross Amount at Which Carried at the Close of the Period, Land 2,563      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 18,605      
Gross Amount at Which Carried at the Close of the Period, Total 21,168      
Accumulated Depreciation (7,883)      
Circle Center, Hilton Head Island, SC        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,010      
Initial Cost to Company, Building & Improvements 5,832      
Initial Cost to Company, Subsequent to Acquisition (809)      
Gross Amount at Which Carried at the Close of the Period, Land 3,010      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 5,023      
Gross Amount at Which Carried at the Close of the Period, Total 8,033      
Accumulated Depreciation (1,760)      
The Fresh Market Shoppes, Hilton Head Island, SC        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 5,940      
Initial Cost to Company, Building & Improvements 20,255      
Initial Cost to Company, Subsequent to Acquisition 766      
Gross Amount at Which Carried at the Close of the Period, Land 5,940      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 21,021      
Gross Amount at Which Carried at the Close of the Period, Total 26,961      
Accumulated Depreciation (1,271)      
Island Plaza, James Island, SC        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,940      
Initial Cost to Company, Building & Improvements 9,252      
Initial Cost to Company, Subsequent to Acquisition 3,739      
Gross Amount at Which Carried at the Close of the Period, Land 2,940      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 12,991      
Gross Amount at Which Carried at the Close of the Period, Total 15,931      
Accumulated Depreciation (6,441)      
Pawleys Island Plaza, Pawleys Island, SC        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 5,264      
Initial Cost to Company, Building & Improvements 21,804      
Initial Cost to Company, Subsequent to Acquisition 1,840      
Gross Amount at Which Carried at the Close of the Period, Land 5,264      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 23,644      
Gross Amount at Which Carried at the Close of the Period, Total 28,908      
Accumulated Depreciation (3,178)      
Fairview Corners I & II, Simpsonville, SC        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,370      
Initial Cost to Company, Building & Improvements 17,117      
Initial Cost to Company, Subsequent to Acquisition 2,325      
Gross Amount at Which Carried at the Close of the Period, Land 2,370      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 19,442      
Gross Amount at Which Carried at the Close of the Period, Total 21,812      
Accumulated Depreciation (8,669)      
Hillcrest Market Place, Spartanburg, SC        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 4,190      
Initial Cost to Company, Building & Improvements 34,825      
Initial Cost to Company, Subsequent to Acquisition 15,745      
Gross Amount at Which Carried at the Close of the Period, Land 4,190      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 50,570      
Gross Amount at Which Carried at the Close of the Period, Total 54,760      
Accumulated Depreciation (18,882)      
Watson Glen Shopping Center, Franklin, TN        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 5,220      
Initial Cost to Company, Building & Improvements 14,990      
Initial Cost to Company, Subsequent to Acquisition 6,414      
Gross Amount at Which Carried at the Close of the Period, Land 5,220      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 21,404      
Gross Amount at Which Carried at the Close of the Period, Total 26,624      
Accumulated Depreciation (7,170)      
Williamson Square, Franklin, TN        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 7,730      
Initial Cost to Company, Building & Improvements 22,789      
Initial Cost to Company, Subsequent to Acquisition 7,391      
Gross Amount at Which Carried at the Close of the Period, Land 7,730      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 30,180      
Gross Amount at Which Carried at the Close of the Period, Total 37,910      
Accumulated Depreciation (15,105)      
Greeneville Commons, Greeneville, TN        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,880      
Initial Cost to Company, Building & Improvements 13,524      
Initial Cost to Company, Subsequent to Acquisition 3,657      
Gross Amount at Which Carried at the Close of the Period, Land 2,880      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 17,181      
Gross Amount at Which Carried at the Close of the Period, Total 20,061      
Accumulated Depreciation (7,172)      
Kingston Overlook, Knoxville, TN        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,060      
Initial Cost to Company, Building & Improvements 6,743      
Initial Cost to Company, Subsequent to Acquisition 1,641      
Gross Amount at Which Carried at the Close of the Period, Land 2,060      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 8,384      
Gross Amount at Which Carried at the Close of the Period, Total 10,444      
Accumulated Depreciation (2,607)      
The Commons at Wolfcreek, Memphis, TN        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 23,239      
Initial Cost to Company, Building & Improvements 58,489      
Initial Cost to Company, Subsequent to Acquisition 21,752      
Gross Amount at Which Carried at the Close of the Period, Land 23,252      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 80,228      
Gross Amount at Which Carried at the Close of the Period, Total 103,480      
Accumulated Depreciation (34,221)      
Georgetown Square, Murfreesboro, TN        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,716      
Initial Cost to Company, Building & Improvements 8,598      
Initial Cost to Company, Subsequent to Acquisition 2,830      
Gross Amount at Which Carried at the Close of the Period, Land 3,716      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 11,428      
Gross Amount at Which Carried at the Close of the Period, Total 15,144      
Accumulated Depreciation (4,544)      
Nashboro Village, Nashville, TN        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,243      
Initial Cost to Company, Building & Improvements 11,662      
Initial Cost to Company, Subsequent to Acquisition 336      
Gross Amount at Which Carried at the Close of the Period, Land 2,243      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 11,998      
Gross Amount at Which Carried at the Close of the Period, Total 14,241      
Accumulated Depreciation (5,212)      
Parmer Crossing, Austin, TX        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 5,927      
Initial Cost to Company, Building & Improvements 11,282      
Initial Cost to Company, Subsequent to Acquisition 1,821      
Gross Amount at Which Carried at the Close of the Period, Land 5,927      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 13,103      
Gross Amount at Which Carried at the Close of the Period, Total 19,030      
Accumulated Depreciation (5,996)      
Baytown Shopping Center, Baytown, TX        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,410      
Initial Cost to Company, Building & Improvements 6,776      
Initial Cost to Company, Subsequent to Acquisition 1,408      
Gross Amount at Which Carried at the Close of the Period, Land 3,410      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 8,184      
Gross Amount at Which Carried at the Close of the Period, Total 11,594      
Accumulated Depreciation (3,232)      
El Camino, Bellaire, TX        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,320      
Initial Cost to Company, Building & Improvements 3,816      
Initial Cost to Company, Subsequent to Acquisition 1,104      
Gross Amount at Which Carried at the Close of the Period, Land 1,320      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 4,920      
Gross Amount at Which Carried at the Close of the Period, Total 6,240      
Accumulated Depreciation (2,228)      
Townshire, Bryan, TX        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,790      
Initial Cost to Company, Building & Improvements 6,399      
Initial Cost to Company, Subsequent to Acquisition 891      
Gross Amount at Which Carried at the Close of the Period, Land 1,790      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 7,290      
Gross Amount at Which Carried at the Close of the Period, Total 9,080      
Accumulated Depreciation (4,852)      
Central Station, College Station, TX        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 4,340      
Initial Cost to Company, Building & Improvements 21,704      
Initial Cost to Company, Subsequent to Acquisition 3,495      
Gross Amount at Which Carried at the Close of the Period, Land 4,340      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 25,199      
Gross Amount at Which Carried at the Close of the Period, Total 29,539      
Accumulated Depreciation (10,103)      
Rock Prairie Crossing, College Station, TX        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,460      
Initial Cost to Company, Building & Improvements 13,618      
Initial Cost to Company, Subsequent to Acquisition 287      
Gross Amount at Which Carried at the Close of the Period, Land 2,401      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 13,964      
Gross Amount at Which Carried at the Close of the Period, Total 16,365      
Accumulated Depreciation (7,182)      
Carmel Village, Corpus Christi, TX        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,900      
Initial Cost to Company, Building & Improvements 4,536      
Initial Cost to Company, Subsequent to Acquisition 5,819      
Gross Amount at Which Carried at the Close of the Period, Land 1,903      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 10,352      
Gross Amount at Which Carried at the Close of the Period, Total 12,255      
Accumulated Depreciation (3,131)      
Arboretum Village, Dallas, TX        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 17,154      
Initial Cost to Company, Building & Improvements 33,384      
Initial Cost to Company, Subsequent to Acquisition 849      
Gross Amount at Which Carried at the Close of the Period, Land 17,154      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 34,233      
Gross Amount at Which Carried at the Close of the Period, Total 51,387      
Accumulated Depreciation (4,751)      
Claremont Village, Dallas, TX        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,700      
Initial Cost to Company, Building & Improvements 3,035      
Initial Cost to Company, Subsequent to Acquisition 1,636      
Gross Amount at Which Carried at the Close of the Period, Land 1,700      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 4,671      
Gross Amount at Which Carried at the Close of the Period, Total 6,371      
Accumulated Depreciation (849)      
Kessler Plaza, Dallas, TX        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,390      
Initial Cost to Company, Building & Improvements 3,702      
Initial Cost to Company, Subsequent to Acquisition 2,360      
Gross Amount at Which Carried at the Close of the Period, Land 1,390      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 6,062      
Gross Amount at Which Carried at the Close of the Period, Total 7,452      
Accumulated Depreciation (2,038)      
Stevens Park Village, Dallas, TX        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,270      
Initial Cost to Company, Building & Improvements 3,182      
Initial Cost to Company, Subsequent to Acquisition 937      
Gross Amount at Which Carried at the Close of the Period, Land 1,270      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 4,119      
Gross Amount at Which Carried at the Close of the Period, Total 5,389      
Accumulated Depreciation (2,398)      
Webb Royal Plaza, Dallas, TX        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,470      
Initial Cost to Company, Building & Improvements 6,576      
Initial Cost to Company, Subsequent to Acquisition 31      
Gross Amount at Which Carried at the Close of the Period, Land 2,470      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 6,607      
Gross Amount at Which Carried at the Close of the Period, Total 9,077      
Accumulated Depreciation (3,876)      
Wynnewood Village, Dallas, TX        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 16,982      
Initial Cost to Company, Building & Improvements 42,953      
Initial Cost to Company, Subsequent to Acquisition 49,428      
Gross Amount at Which Carried at the Close of the Period, Land 17,200      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 92,163      
Gross Amount at Which Carried at the Close of the Period, Total 109,363      
Accumulated Depreciation (26,390)      
Parktown, Deer Park, TX        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,790      
Initial Cost to Company, Building & Improvements 7,319      
Initial Cost to Company, Subsequent to Acquisition 1,303      
Gross Amount at Which Carried at the Close of the Period, Land 2,790      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 8,622      
Gross Amount at Which Carried at the Close of the Period, Total 11,412      
Accumulated Depreciation (4,758)      
Ridglea Plaza, Fort Worth, TX        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,770      
Initial Cost to Company, Building & Improvements 16,178      
Initial Cost to Company, Subsequent to Acquisition 1,785      
Gross Amount at Which Carried at the Close of the Period, Land 2,770      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 17,963      
Gross Amount at Which Carried at the Close of the Period, Total 20,733      
Accumulated Depreciation (7,534)      
Trinity Commons, Fort Worth, TX        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 5,780      
Initial Cost to Company, Building & Improvements 26,317      
Initial Cost to Company, Subsequent to Acquisition 3,605      
Gross Amount at Which Carried at the Close of the Period, Land 5,780      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 29,922      
Gross Amount at Which Carried at the Close of the Period, Total 35,702      
Accumulated Depreciation (14,424)      
Preston Ridge, Frisco, TX        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 25,820      
Initial Cost to Company, Building & Improvements 127,082      
Initial Cost to Company, Subsequent to Acquisition 16,032      
Gross Amount at Which Carried at the Close of the Period, Land 25,820      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 143,114      
Gross Amount at Which Carried at the Close of the Period, Total 168,934      
Accumulated Depreciation (57,056)      
Village Plaza, Garland, TX        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,230      
Initial Cost to Company, Building & Improvements 6,786      
Initial Cost to Company, Subsequent to Acquisition 3,411      
Gross Amount at Which Carried at the Close of the Period, Land 3,230      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 10,197      
Gross Amount at Which Carried at the Close of the Period, Total 13,427      
Accumulated Depreciation (4,039)      
Highland Village Town Center, Highland Village, TX        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,370      
Initial Cost to Company, Building & Improvements 7,439      
Initial Cost to Company, Subsequent to Acquisition 664      
Gross Amount at Which Carried at the Close of the Period, Land 3,370      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 8,103      
Gross Amount at Which Carried at the Close of the Period, Total 11,473      
Accumulated Depreciation (3,502)      
Bay Forest, Houston, TX        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,500      
Initial Cost to Company, Building & Improvements 6,557      
Initial Cost to Company, Subsequent to Acquisition 688      
Gross Amount at Which Carried at the Close of the Period, Land 1,500      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 7,245      
Gross Amount at Which Carried at the Close of the Period, Total 8,745      
Accumulated Depreciation (3,252)      
Beltway South, Houston, TX        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,340      
Initial Cost to Company, Building & Improvements 9,759      
Initial Cost to Company, Subsequent to Acquisition 854      
Gross Amount at Which Carried at the Close of the Period, Land 3,340      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 10,613      
Gross Amount at Which Carried at the Close of the Period, Total 13,953      
Accumulated Depreciation (6,062)      
Braes Heights, Houston, TX        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,700      
Initial Cost to Company, Building & Improvements 15,246      
Initial Cost to Company, Subsequent to Acquisition 10,103      
Gross Amount at Which Carried at the Close of the Period, Land 1,700      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 25,349      
Gross Amount at Which Carried at the Close of the Period, Total 27,049      
Accumulated Depreciation (7,917)      
Braesgate, Houston, TX        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,570      
Initial Cost to Company, Building & Improvements 2,813      
Initial Cost to Company, Subsequent to Acquisition 747      
Gross Amount at Which Carried at the Close of the Period, Land 1,570      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 3,560      
Gross Amount at Which Carried at the Close of the Period, Total 5,130      
Accumulated Depreciation (1,952)      
Broadway, Houston, TX        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,720      
Initial Cost to Company, Building & Improvements 5,472      
Initial Cost to Company, Subsequent to Acquisition 2,583      
Gross Amount at Which Carried at the Close of the Period, Land 1,720      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 8,055      
Gross Amount at Which Carried at the Close of the Period, Total 9,775      
Accumulated Depreciation (3,536)      
Clear Lake Camino South, Houston, TX        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,320      
Initial Cost to Company, Building & Improvements 12,136      
Initial Cost to Company, Subsequent to Acquisition 847      
Gross Amount at Which Carried at the Close of the Period, Land 3,320      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 12,983      
Gross Amount at Which Carried at the Close of the Period, Total 16,303      
Accumulated Depreciation (5,169)      
Hearthstone Corners, Houston, TX        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 5,240      
Initial Cost to Company, Building & Improvements 14,208      
Initial Cost to Company, Subsequent to Acquisition 240      
Gross Amount at Which Carried at the Close of the Period, Land 5,240      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 14,448      
Gross Amount at Which Carried at the Close of the Period, Total 19,688      
Accumulated Depreciation (5,636)      
Jester Village, Houston, TX        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,380      
Initial Cost to Company, Building & Improvements 4,623      
Initial Cost to Company, Subsequent to Acquisition 9,575      
Gross Amount at Which Carried at the Close of the Period, Land 1,380      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 14,198      
Gross Amount at Which Carried at the Close of the Period, Total 15,578      
Accumulated Depreciation (3,700)      
Jones Plaza, Houston, TX        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,110      
Initial Cost to Company, Building & Improvements 11,450      
Initial Cost to Company, Subsequent to Acquisition 4,581      
Gross Amount at Which Carried at the Close of the Period, Land 2,110      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 16,031      
Gross Amount at Which Carried at the Close of the Period, Total 18,141      
Accumulated Depreciation (5,554)      
Jones Square, Houston, TX        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,210      
Initial Cost to Company, Building & Improvements 10,716      
Initial Cost to Company, Subsequent to Acquisition 2,093      
Gross Amount at Which Carried at the Close of the Period, Land 3,210      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 12,809      
Gross Amount at Which Carried at the Close of the Period, Total 16,019      
Accumulated Depreciation (5,233)      
Maplewood, Houston, TX        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,790      
Initial Cost to Company, Building & Improvements 5,535      
Initial Cost to Company, Subsequent to Acquisition 1,762      
Gross Amount at Which Carried at the Close of the Period, Land 1,790      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 7,297      
Gross Amount at Which Carried at the Close of the Period, Total 9,087      
Accumulated Depreciation (3,242)      
Merchants Park, Houston, TX        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 6,580      
Initial Cost to Company, Building & Improvements 32,200      
Initial Cost to Company, Subsequent to Acquisition 4,326      
Gross Amount at Which Carried at the Close of the Period, Land 6,580      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 36,526      
Gross Amount at Which Carried at the Close of the Period, Total 43,106      
Accumulated Depreciation (16,849)      
Northgate, Houston, TX        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 740      
Initial Cost to Company, Building & Improvements 1,707      
Initial Cost to Company, Subsequent to Acquisition 1,274      
Gross Amount at Which Carried at the Close of the Period, Land 740      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 2,981      
Gross Amount at Which Carried at the Close of the Period, Total 3,721      
Accumulated Depreciation (963)      
Northshore, Houston, TX        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 5,970      
Initial Cost to Company, Building & Improvements 22,827      
Initial Cost to Company, Subsequent to Acquisition 5,473      
Gross Amount at Which Carried at the Close of the Period, Land 5,970      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 28,300      
Gross Amount at Which Carried at the Close of the Period, Total 34,270      
Accumulated Depreciation (10,990)      
Northtown Plaza, Houston, TX        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 4,990      
Initial Cost to Company, Building & Improvements 18,209      
Initial Cost to Company, Subsequent to Acquisition 5,908      
Gross Amount at Which Carried at the Close of the Period, Land 4,990      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 24,117      
Gross Amount at Which Carried at the Close of the Period, Total 29,107      
Accumulated Depreciation (9,182)      
Orange Grove, Houston, TX        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,670      
Initial Cost to Company, Building & Improvements 15,758      
Initial Cost to Company, Subsequent to Acquisition 6,000      
Gross Amount at Which Carried at the Close of the Period, Land 3,670      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 21,758      
Gross Amount at Which Carried at the Close of the Period, Total 25,428      
Accumulated Depreciation (9,988)      
Royal Oaks Village, Houston, TX        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 4,620      
Initial Cost to Company, Building & Improvements 29,536      
Initial Cost to Company, Subsequent to Acquisition 2,583      
Gross Amount at Which Carried at the Close of the Period, Land 4,620      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 32,119      
Gross Amount at Which Carried at the Close of the Period, Total 36,739      
Accumulated Depreciation (12,676)      
Tanglewilde Center, Houston, TX        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,620      
Initial Cost to Company, Building & Improvements 7,437      
Initial Cost to Company, Subsequent to Acquisition 1,536      
Gross Amount at Which Carried at the Close of the Period, Land 1,620      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 8,973      
Gross Amount at Which Carried at the Close of the Period, Total 10,593      
Accumulated Depreciation (4,283)      
West U Marketplace, Houston, TX        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 8,554      
Initial Cost to Company, Building & Improvements 25,511      
Initial Cost to Company, Subsequent to Acquisition 1,062      
Gross Amount at Which Carried at the Close of the Period, Land 8,554      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 26,573      
Gross Amount at Which Carried at the Close of the Period, Total 35,127      
Accumulated Depreciation (3,620)      
Westheimer Commons, Houston, TX        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 5,160      
Initial Cost to Company, Building & Improvements 12,866      
Initial Cost to Company, Subsequent to Acquisition 5,207      
Gross Amount at Which Carried at the Close of the Period, Land 5,160      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 18,073      
Gross Amount at Which Carried at the Close of the Period, Total 23,233      
Accumulated Depreciation (8,679)      
Crossroads Centre - Pasadena, Pasadena, TX        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 4,660      
Initial Cost to Company, Building & Improvements 11,153      
Initial Cost to Company, Subsequent to Acquisition 7,804      
Gross Amount at Which Carried at the Close of the Period, Land 4,660      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 18,957      
Gross Amount at Which Carried at the Close of the Period, Total 23,617      
Accumulated Depreciation (8,094)      
Spencer Square, Pasadena, TX        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 5,360      
Initial Cost to Company, Building & Improvements 19,464      
Initial Cost to Company, Subsequent to Acquisition 1,937      
Gross Amount at Which Carried at the Close of the Period, Land 4,861      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 21,900      
Gross Amount at Which Carried at the Close of the Period, Total 26,761      
Accumulated Depreciation (9,535)      
Pearland Plaza, Pearland, TX        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,020      
Initial Cost to Company, Building & Improvements 9,076      
Initial Cost to Company, Subsequent to Acquisition 2,800      
Gross Amount at Which Carried at the Close of the Period, Land 3,020      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 11,876      
Gross Amount at Which Carried at the Close of the Period, Total 14,896      
Accumulated Depreciation (5,359)      
Market Plaza, Plano, TX        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 6,380      
Initial Cost to Company, Building & Improvements 20,529      
Initial Cost to Company, Subsequent to Acquisition 1,673      
Gross Amount at Which Carried at the Close of the Period, Land 6,380      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 22,202      
Gross Amount at Which Carried at the Close of the Period, Total 28,582      
Accumulated Depreciation (9,457)      
Preston Park Village, Plano, TX        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 8,506      
Initial Cost to Company, Building & Improvements 81,652      
Initial Cost to Company, Subsequent to Acquisition 23,329      
Gross Amount at Which Carried at the Close of the Period, Land 8,507      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 104,980      
Gross Amount at Which Carried at the Close of the Period, Total 113,487      
Accumulated Depreciation (25,485)      
Keegan's Meadow, Stafford, TX        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,300      
Initial Cost to Company, Building & Improvements 9,947      
Initial Cost to Company, Subsequent to Acquisition 2,163      
Gross Amount at Which Carried at the Close of the Period, Land 3,300      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 12,110      
Gross Amount at Which Carried at the Close of the Period, Total 15,410      
Accumulated Depreciation (4,721)      
Lake Pointe Village, Sugar Land, TX        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 19,827      
Initial Cost to Company, Building & Improvements 65,239      
Initial Cost to Company, Subsequent to Acquisition (70)      
Gross Amount at Which Carried at the Close of the Period, Land 19,827      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 65,169      
Gross Amount at Which Carried at the Close of the Period, Total 84,996      
Accumulated Depreciation (7,104)      
Texas City Bay, Texas City, TX        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,780      
Initial Cost to Company, Building & Improvements 17,928      
Initial Cost to Company, Subsequent to Acquisition 8,552      
Gross Amount at Which Carried at the Close of the Period, Land 3,780      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 26,480      
Gross Amount at Which Carried at the Close of the Period, Total 30,260      
Accumulated Depreciation (10,807)      
Windvale Center, The Woodlands, TX        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,460      
Initial Cost to Company, Building & Improvements 9,479      
Initial Cost to Company, Subsequent to Acquisition 7,150      
Gross Amount at Which Carried at the Close of the Period, Land 3,460      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 16,629      
Gross Amount at Which Carried at the Close of the Period, Total 20,089      
Accumulated Depreciation (2,964)      
Culpeper Town Square, Culpeper, VA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,200      
Initial Cost to Company, Building & Improvements 9,235      
Initial Cost to Company, Subsequent to Acquisition 833      
Gross Amount at Which Carried at the Close of the Period, Land 3,254      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 10,014      
Gross Amount at Which Carried at the Close of the Period, Total 13,268      
Accumulated Depreciation (4,182)      
Hanover Square, Mechanicsville, VA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,540      
Initial Cost to Company, Building & Improvements 16,145      
Initial Cost to Company, Subsequent to Acquisition 7,248      
Gross Amount at Which Carried at the Close of the Period, Land 3,557      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 23,376      
Gross Amount at Which Carried at the Close of the Period, Total 26,933      
Accumulated Depreciation (8,611)      
Cave Spring Corners, Roanoke, VA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 3,060      
Initial Cost to Company, Building & Improvements 11,284      
Initial Cost to Company, Subsequent to Acquisition 3,717      
Gross Amount at Which Carried at the Close of the Period, Land 3,060      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 15,001      
Gross Amount at Which Carried at the Close of the Period, Total 18,061      
Accumulated Depreciation (7,307)      
Hunting Hills, Roanoke, VA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,150      
Initial Cost to Company, Building & Improvements 7,661      
Initial Cost to Company, Subsequent to Acquisition 2,394      
Gross Amount at Which Carried at the Close of the Period, Land 1,116      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 10,089      
Gross Amount at Which Carried at the Close of the Period, Total 11,205      
Accumulated Depreciation (5,762)      
Hilltop Plaza, Virginia Beach, VA        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 5,170      
Initial Cost to Company, Building & Improvements 21,956      
Initial Cost to Company, Subsequent to Acquisition 5,814      
Gross Amount at Which Carried at the Close of the Period, Land 5,154      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 27,786      
Gross Amount at Which Carried at the Close of the Period, Total 32,940      
Accumulated Depreciation (11,726)      
Rutland Plaza, Rutland, VT        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,130      
Initial Cost to Company, Building & Improvements 20,924      
Initial Cost to Company, Subsequent to Acquisition 2,855      
Gross Amount at Which Carried at the Close of the Period, Land 2,252      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 23,657      
Gross Amount at Which Carried at the Close of the Period, Total 25,909      
Accumulated Depreciation (9,215)      
Mequon Pavilions, Mequon, WI        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 7,520      
Initial Cost to Company, Building & Improvements 29,714      
Initial Cost to Company, Subsequent to Acquisition 14,632      
Gross Amount at Which Carried at the Close of the Period, Land 7,411      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 44,455      
Gross Amount at Which Carried at the Close of the Period, Total 51,866      
Accumulated Depreciation (16,941)      
Moorland Square Shopping Ctr, New Berlin, WI        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 2,080      
Initial Cost to Company, Building & Improvements 9,256      
Initial Cost to Company, Subsequent to Acquisition 2,482      
Gross Amount at Which Carried at the Close of the Period, Land 2,080      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 11,738      
Gross Amount at Which Carried at the Close of the Period, Total 13,818      
Accumulated Depreciation (5,214)      
Paradise Pavilion, West Bend, WI        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 1,865      
Initial Cost to Company, Building & Improvements 15,704      
Initial Cost to Company, Subsequent to Acquisition 2,448      
Gross Amount at Which Carried at the Close of the Period, Land 1,865      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 18,152      
Gross Amount at Which Carried at the Close of the Period, Total 20,017      
Accumulated Depreciation (8,821)      
Grand Central Plaza, Parkersburg, WV        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 670      
Initial Cost to Company, Building & Improvements 5,704      
Initial Cost to Company, Subsequent to Acquisition 1,898      
Gross Amount at Which Carried at the Close of the Period, Land 670      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 7,602      
Gross Amount at Which Carried at the Close of the Period, Total 8,272      
Accumulated Depreciation (2,302)      
Remaining portfolio, Various        
Real Estate and Accumulated Depreciation [Line Items]        
Initial Cost to Company, Land 0      
Initial Cost to Company, Building & Improvements 0      
Initial Cost to Company, Subsequent to Acquisition 320      
Gross Amount at Which Carried at the Close of the Period, Land 0      
Gross Amount at Which Carried at the Close of the Period, Building & Improvements 320      
Gross Amount at Which Carried at the Close of the Period, Total 320      
Accumulated Depreciation $ 0      
v3.25.0.1
Schedule III - Real Estate and Accumulated Depreciation (Real Estate Roll Forwards) (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]      
Total cost for federal tax purposes at end of each period $ 12,500,000    
Reconciliation of total real estate carrying value is as follows:      
Balance at beginning of year 10,995,887 $ 10,898,351 $ 10,428,414
Acquisitions and improvements 696,739 350,928 772,025
Real estate held for sale (6,417) 4,459 (15,852)
Impairment of real estate (11,143) (17,836) (5,724)
Cost of property sold (196,065) (168,321) (227,529)
Write-off of assets no longer in service (69,944) (71,694) (52,983)
Balance at end of year 11,409,057 10,995,887 10,898,351
Reconciliation of accumulated depreciation as follows:      
Balance at beginning of year 3,198,980 2,996,759 2,813,329
Depreciation expense 340,560 325,577 316,789
Property sold (72,308) (64,081) (86,688)
Write-off of assets no longer in service (57,053) (59,275) (46,671)
Balance at end of year $ 3,410,179 $ 3,198,980 $ 2,996,759