(Mark
One)
|
x
ANNUAL
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
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For
the fiscal year ended December 31, 2008
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ON
|
¨
TRANSITION
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
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For
the transition period from __________________ to
________________
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TEXAS
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74-1464203
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|
(State
or other jurisdiction of incorporation or organization)
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(IRS
Employer Identification No.)
|
|
2600
Citadel Plaza Drive
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||
P.O.
Box 924133
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||
Houston,
Texas
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77292-4133
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(Address
of principal executive offices)
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(Zip
Code)
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(713)
866-6000
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||
(Registrant's
telephone number)
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Securities
registered pursuant to Section 12(b) of the Act:
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||
Title of Each Class
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Name of Each Exchange on Which
Registered
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Common Shares of Beneficial Interest, $0.03 par value
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New
York Stock Exchange
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Series
D Cumulative Redeemable Preferred Shares, $0.03 par value
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New
York Stock Exchange
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Series
E Cumulative Redeemable Preferred Shares, $0.03 par value
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New
York Stock Exchange
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Series
F Cumulative Redeemable Preferred Shares, $0.03 par value
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New
York Stock Exchange
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Large accelerated filer
x
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Accelerated
filer
¨
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Non-accelerated filer
¨
.
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Smaller
reporting company
¨
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(Do not check if a smaller reporting company)
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Item
No.
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Page
No.
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1.
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2
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1A.
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5
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1B.
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11
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2.
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12
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3.
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26
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4.
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26
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5.
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26
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6.
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29
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7.
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30
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7A.
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49
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8.
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50
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9.
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85
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9A.
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86
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9B.
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88
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10.
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88
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11.
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88
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12.
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89
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13.
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89
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14.
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89
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15.
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90
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95
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§
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The
attractiveness of REIT securities as compared to other securities,
including securities issued by other real estate companies, fixed income
equity securities and debt
securities;
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§
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The
degree of interest held by institutional
investors;
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§
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Our
operating performance and financial situation;
and
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§
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General
economic conditions.
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§
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Changes
in the national, regional and local economic
climate;
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§
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Local
conditions such as an oversupply of space or a reduction in demand for
real estate in the area;
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§
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The
attractiveness of the properties to
tenants;
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§
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Competition
from other available space;
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§
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Our
ability to provide adequate management services and to maintain our
properties;
|
§
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Increased
operating costs, if these costs cannot be passed through to
tenants;
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§
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The
expense of periodically renovating, repairing and releasing
spaces;
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§
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Consequence
of any armed conflict involving, or terrorist attack against, the United
States;
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§
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Our
ability to secure adequate
insurance;
|
§
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Fluctuations
in interest rates;
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§
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Changes
in real estate taxes and other expenses;
and
|
§
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Availability
of financing on acceptable terms or at
all.
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§
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Our
estimates on expected occupancy and rental rates may differ from actual
conditions;
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§
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Our
estimates of the costs of any redevelopment or repositioning of acquired
properties may prove to be
inaccurate;
|
§
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We
may be unable to operate successfully in new markets where acquired
properties are located, due to a lack of market knowledge or understanding
of local economies;
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§
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We
may be unable to successfully integrate new properties into our existing
operations; or
|
§
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We
may have difficulty obtaining financing on acceptable terms or paying the
operating expenses and debt service associated with acquired properties
prior to sufficient occupancy.
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§
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Delay
lease commencements;
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§
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Decline
to extend or renew leases upon
expiration;
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§
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Fail
to make rental payments when due;
or
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§
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Close
stores or declare bankruptcy.
|
§
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We
may abandon development opportunities after expending resources to
determine feasibility;
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§
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Construction
costs of a project may exceed our original
estimates;
|
§
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Occupancy
rates and rents at a newly completed property may not be sufficient to
make the property profitable;
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§
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Rental
rates per square foot could be less than
projected;
|
§
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Financing
may not be available to us on favorable terms for development of a
property;
|
§
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We
may not complete construction and lease-up on schedule, resulting in
increased debt service expense and construction costs;
and
|
§
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We
may not be able to obtain, or may experience delays in obtaining necessary
zoning, land use, building, occupancy and other required governmental
permits and authorizations.
|
§
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Our
cash flow may not satisfy required payments of principal and
interest;
|
§
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We
may not be able to refinance existing indebtedness on our properties as
necessary or the terms of the refinancing may be less favorable to us than
the terms of existing debt;
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§
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Required
debt payments are not reduced if the economic performance of any property
declines;
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§
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Debt
service obligations could reduce funds available for distribution to our
shareholders and funds available for capital
investment;
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§
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Any
default on our indebtedness could result in acceleration of those
obligations and possible loss of property to foreclosure;
and
|
§
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The
risk that necessary capital expenditures for purposes such as re−leasing
space cannot be financed on favorable
terms.
|
§
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We
would be taxed as a regular domestic corporation, which, among other
things, means that we would be unable to deduct distributions to our
shareholders in computing our taxable income and would be subject to U.S.
federal income tax on our taxable income at regular corporate
rates;
|
§
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Any
resulting tax liability could be substantial and would reduce the amount
of cash available for distribution to shareholders, and could force us to
liquidate assets or take other actions that could have a detrimental
effect on our operating results;
and
|
§
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Unless
we were entitled to relief under applicable statutory provisions, we would
be disqualified from treatment as a REIT for the four taxable years
following the year during which we lost our qualification, and our cash
available for distribution to our shareholders therefore would be reduced
for each of the years in which we do not qualify as a
REIT.
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Building
|
Land
|
|||||||||||
Center
and Location
|
Area
|
Area
|
||||||||||
Retail
|
||||||||||||
Arizona
|
||||||||||||
Arrowhead
Festival S.C., 75th Ave. at W. Bell Rd.,
Glendale
|
176,458 |
157,000
|
||||||||||
Basha's
Valley Plaza, S. McClintock at E. Southern, Tempe
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145,104
|
570,000
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||||||||||
Broadway
Marketplace, Broadway at Rural, Tempe
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82,757
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347,000
|
||||||||||
Camelback
Village Square, Camelback at 7th Avenue, Phoenix
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234,494
|
543,000 | ||||||||||
Entrada
de Oro, Magee Road and Oracle Road, Tucson
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109,091
|
572,000 | ||||||||||
Fountain
Plaza, 77th St. at McDowell, Scottsdale
|
267,271
|
445,000 | ||||||||||
Fry's
Ellsworth Plaza, Broadway Rd. at Ellsworth Rd., Mesa
|
73,608
|
58,000 | ||||||||||
Laveen
Village Market, Baseline Rd. at 51st St.,
Phoenix
|
111,644
|
372,274 | ||||||||||
Madera
Village, Tanque Verde Rd. and Catalina Hwy, Tucson
|
107,326
|
419,000 | ||||||||||
Mohave
Crossroads, Bullhead Parkway at State Route 95, Bullhead
City
|
(2) | 346,227 | 1,363,208 | |||||||||
Monte
Vista Village Center, Baseline Rd. at Ellsworth Rd.,
Mesa
|
104,151 | 353,000 | ||||||||||
Oracle
Crossings, Oracle Highway and Magee Road, Tucson
|
253,625 | 1,307,000 | ||||||||||
Oracle
Wetmore, Wetmore Road and Oracle Highway, Tucson
|
256,093 | 1,181,000 | ||||||||||
Palmilla
Center, Dysart Rd. at McDowell Rd., Avondale
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169,142 | 264,000 | ||||||||||
Pueblo
Anozira, McClintock Dr. at Guadalupe Rd., Tempe
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157,309 | 769,000 | ||||||||||
Raintree
Ranch, Ray Road at Price Road, Chandler
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(2) | 136,230 | 714,813 | |||||||||
Rancho
Encanto, 35th Avenue at Greenway Rd., Phoenix
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66,837 | 246,440 | ||||||||||
Red
Mountain Gateway, Power Rd. at McKellips Rd., Mesa
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205,568 | 353,000 | ||||||||||
Scottsdale
Horizon, Frank Lloyd Wright Blvd and Thompson Peak Parkway,
Scottsdale
|
10,337 | 61,000 | ||||||||||
Shoppes
at Bears Path, Tanque Verde Rd. and Bear Canyon Rd.,
Tucson
|
65,779 | 362,000 | ||||||||||
Squaw
Peak Plaza, 16th Street at Glendale Ave., Phoenix
|
61,060 | 220,000 | ||||||||||
The
Shoppes at Parkwood Ranch, Southern Avenue and Signal Butte Road,
Mesa
|
(2) | 72,184 | 633,302 | |||||||||
University
Plaza, Plaza Way at Milton Rd., Flagstaff
|
165,621 | 919,000 | ||||||||||
Val
Vista Towne Center, Warner at Val Vista Rd., Gilbert
|
216,372 | 366,000 | ||||||||||
Arizona,
Total
|
3,594,288 | 12,596,037 | ||||||||||
Arkansas
|
||||||||||||
Markham
Square, W. Markham at John Barrow, Little Rock
|
126,904 | 514,000 | ||||||||||
Markham
West, 11400 W. Markham, Little Rock
|
178,210 | 769,000 | ||||||||||
Westgate,
Cantrell at Bryant, Little Rock
|
52,626 | 206,000 | ||||||||||
Arkansas,
Total
|
357,740 | 1,489,000 | ||||||||||
California
|
||||||||||||
580
Market Place, E. Castro Valley at Hwy. I-580, Castro
Valley
|
100,165 | 444,000 | ||||||||||
Arcade
Square, Watt Ave. at Whitney Ave., Sacramento
|
76,497 | 234,000 | ||||||||||
Buena
Vista Marketplace, Huntington Dr. at Buena Vista St.,
Duarte
|
90,805 | 322,000 | ||||||||||
Centerwood
Plaza, Lakewood Blvd. at Alondra Dr., Bellflower
|
75,500 | 333,000 | ||||||||||
Chino
Hills Marketplace, Chino Hills Pkwy. at Pipeline Ave., Chino
Hills
|
309,098 | 1,187,000 | ||||||||||
Creekside
Center, Alamo Dr. at Nut Creek Rd., Vacaville
|
116,229 | 400,000 | ||||||||||
Discovery
Plaza, W. El Camino Ave. at Truxel Rd., Sacramento
|
93,398 | 417,000 | ||||||||||
El
Camino Promenade, El Camino Real at Via Molena, Encinitas
|
129,753 | 451,000 | ||||||||||
Freedom
Centre, Freedom Blvd. At Airport Blvd., Watsonville
|
150,241 | 543,000 | ||||||||||
Fremont
Gateway Plaza, Paseo Padre Pkwy. at Walnut Ave., Fremont
|
194,601 | 650,000 | ||||||||||
Greenhouse
Marketplace, Lewelling Blvd. at Washington Ave., San
Leandro
|
238,664 | 578,000 | ||||||||||
Hallmark
Town Center, W. Cleveland Ave. at Stephanie Ln., Madera
|
85,066 | 365,000 | ||||||||||
Jess
Ranch Marketplace, Bear Valley Road at Jess Ranch Parkway, Apple
Valley
|
(1)(2)(3) | 292,038 | - | |||||||||
Jess
Ranch Phase III, Bear Valley Road at Jess Ranch Parkway, Apple
Valley
|
(1)(2)(3) | 149,632 | 794,664 | |||||||||
Marshalls
Plaza, McHenry at Sylvan Ave., Modesto
|
78,752 | 218,000 | ||||||||||
Menifee
Town Center, Antelope Rd. at Newport Rd., Menifee
|
248,494 | 658,000 | ||||||||||
Prospectors
Plaza, Missouri Flat Rd. at US Hwy. 50, Placerville
|
228,345 | 866,684 | ||||||||||
Rancho
San Marcos Village, San Marcos Blvd. at Rancho Santa Fe Rd., San
Marcos
|
120,829 | 541,000 |
Building
|
Land
|
|||||||||||
Center
and Location
|
Area
|
Area
|
||||||||||
San
Marcos Plaza, San Marcos Blvd. at Rancho Santa Fe Rd., San
Marcos
|
81,086 | 116,000 | ||||||||||
Shasta
Crossroads, Churn Creek Rd. at Dana Dr., Redding
|
252,802 | 520,000 | ||||||||||
Silver
Creek Plaza, E. Capital Expressway at Silver Creek Blvd., San
Jose
|
199,179 | 573,000 | ||||||||||
Southampton
Center, IH-780 at Southampton Rd., Benecia
|
162,390 | 596,000 | ||||||||||
Stony
Point Plaza, Stony Point Rd. at Hwy. 12, Santa Rosa
|
198,528 | 619,000 | ||||||||||
Summerhill
Plaza, Antelope Rd. at Lichen Dr., Sacramento
|
133,614 | 704,000 | ||||||||||
Sunset
Center, Sunset Ave. at State Hwy. 12, Suisun City
|
85,238 | 359,000 | ||||||||||
Tully
Corners Shopping Center, Tully Rd at Quimby Rd, San Jose
|
(1)(3) | 115,992 | 430,891 | |||||||||
Valley,
Franklin Boulevard and Mack Road, Sacramento
|
103,605 | 580,000 | ||||||||||
Westminster
Center, Westminster Blvd. at Golden West St., Westminster
|
417,870 | 1,739,000 | ||||||||||
California,
Total
|
4,528,411 | 15,239,239 | ||||||||||
Colorado
|
||||||||||||
Academy
Place, Academy Blvd. at Union Blvd., Colorado Springs
|
261,419 | 404,000 | ||||||||||
Aurora
City Place, E. Alameda at I225, Aurora
|
(1)(3) | 547,283 | 2,260,000 | |||||||||
CityCenter
Englewood, S. Santa Fe at Hampden Ave., Englewood
|
(1)(3) | 360,543 | 452,941 | |||||||||
Crossing
at Stonegate, Jordon Rd. at Lincoln Ave., Parker
|
(1)(3) | 109,058 | 870,588 | |||||||||
Glenwood
Meadows, Midland Ave. at W. Meadows, Glenwood Springs
|
(1)(3) | 395,760 | 1,287,805 | |||||||||
Green
Valley Ranch Towne Center, Tower Rd. at 48th Ave., Denver
|
(1)(3) | 113,006 | 276,000 | |||||||||
Lowry
Town Center, 2nd Ave. at Lowry Ave., Denver
|
(1)(3) | 129,439 | 246,000 | |||||||||
River
Point at Sheridan, Highway 77 and Highway 88, Sheridan
|
(1)(2)(3) | 414,844 | 4,270,000 | |||||||||
The
Gardens on Havana, Mississippi at Havana, Aurora
|
(1)(2)(3) | 515,830 | - | |||||||||
Thorncreek
Crossing, Washington St. at 120th St., Thornton
|
(1)(3) | 386,130 | 1,156,863 | |||||||||
Uintah
Gardens, NEC 19th St. at West Uintah, Colorado Springs
|
212,638 | 677,000 | ||||||||||
Westminster
Plaza, North Federal Blvd. at 72nd Ave., Westminster
|
(1) | 153,169 | 636,000 | |||||||||
Colorado,
Total
|
3,599,119 | 12,537,197 | ||||||||||
Florida
|
||||||||||||
Alafaya
Square, Alafaya Trail, Oviedo
|
(1)(3) | 176,486 | 915,000 | |||||||||
Argyle
Village, Blanding at Argyle Forest Blvd., Jacksonville
|
312,447 | 1,329,000 | ||||||||||
Boca
Lyons, Glades Rd. at Lyons Rd., Boca Raton
|
113,689 | 545,000 | ||||||||||
Clermont
Landing, U.S. 27 & Steve's Road
|
(1)(2)(3) | 223,962 | 2,119,194 | |||||||||
Colonial
Landing, East Colonial Dr. at Maguire Boulevard, Orlando
|
(1)(2) | 263,267 | 980,000 | |||||||||
Colonial
Plaza, E. Colonial Dr. at Primrose Dr., Orlando
|
496,751 | 2,009,000 | ||||||||||
Countryside
Centre, US Highway 19 at Countryside Boulevard
|
242,123 | 906,440 | ||||||||||
East
Lake Woodlands, East Lake Road and Tampa Road, Palm Harbor
|
(1)(3) | 140,103 | 730,000 | |||||||||
Embassy
Lakes, Sheraton St. at Hiatus Rd., Cooper City
|
176,114 | 618,000 | ||||||||||
Epic
Village - St. Augustine, SR 207 at Rolling Hills Dr
|
(1)(2) | 53,625 | 1,001,880 | |||||||||
Flamingo
Pines, Pines Blvd. at Flamingo Rd., Pembroke Pines
|
368,111 | 1,447,000 | ||||||||||
Hollywood
Hills Plaza, Hollywood Blvd. at North Park Rd., Hollywood
|
364,714 | 1,429,000 | ||||||||||
Indian
Harbour Place, East Eau Gallie Boulevard, Indian Harbour
Beach
|
(1)(3) | 163,521 | 636,000 | |||||||||
International
Drive Value Center, International Drive and Touchstone Drive,
Orlando
|
(1)(3) | 185,664 | 985,000 | |||||||||
Kendall
Corners, Kendall Drive and SW 127th Avenue, Miami
|
(1)(3) | 96,515 | 365,000 | |||||||||
Lake
Washington Crossing, Wickham Rd. at Lake Washington Rd.,
Melbourne
|
(1)(3) | 118,828 | 580,000 | |||||||||
Lake
Washington Square, Wickham Rd. at Lake Washington Rd.,
Melbourne
|
111,811 | 688,000 | ||||||||||
Largo
Mall, Ulmerton Rd. at Seminole Ave., Largo
|
571,638 | 1,888,000 | ||||||||||
Market
at Southside, Michigan Ave. at Delaney Ave., Orlando
|
156,955 | 349,000 | ||||||||||
Marketplace
at Seminole Towne Center, Central Florida Greenway and Rinehart Road,
Sanford
|
493,751 | 1,743,000 | ||||||||||
Northridge,
E. Commercial Blvd. at Dixie Hwy., Oakland Park
|
236,170 | 901,000 | ||||||||||
Palm
Coast Center, State Road 100 & Belle Terre Parkway, Palm
Coast
|
(1)(2)3) | 331,671 | 1,319,873 | |||||||||
Palm
Lakes Plaza, Atlantic Boulevard and Rock Island Road,
Maragate
|
(1)(3) | 113,752 | 550,000 | |||||||||
Paradise
Key at Kelly Plantation, US Highway 98 and Mid Bay Bridge Rd,
Destin
|
(1)(3) | 271,777 | 1,247,123 | |||||||||
Pembroke
Commons, University at Pines Blvd., Pembroke Pines
|
314,401 | 1,394,000 | ||||||||||
Phillips
Crossing, Interstate 4 and Sand Lake Road, Orlando
|
(2) | 126,808 | 697,000 | |||||||||
Phillips
Landing, Turkey Lake Rd., Orlando
|
(2) | 266,725 | 311,000 | |||||||||
Pineapple
Commons, Us Highway 1 and Britt Rd., Stuart
|
(1)(3) | 249,014 | 762,736 | |||||||||
Publix
at Laguna Isles, Sheridan St. at SW 196th Ave., Pembroke
Pines
|
69,475 | 400,000 | ||||||||||
Quesada
Commons, Quesada Avenue and Toledo Blade Boulevard, Port
Charlotte
|
(1)(3) | 58,890 | 312,000 | |||||||||
Shoppes
at Paradise Isle, 34940 Emerald Coast Pkwy, Destin
|
(1)(3) | 171,837 | 764,000 |
Building
|
Land
|
|||||||||||
Center
and Location
|
Area
|
Area
|
||||||||||
Shoppes
at Parkland, Hillsboro Boulevard at State Road #7,
Parkland
|
152,052 | 905,000 | ||||||||||
Shoppes
of Port Charlotte, Toledo Blade Boulevard and Tamiami Trail, Port
Charlotte
|
(1)(3) | 3,912 | 176,720 | |||||||||
Shoppes
of Port Charlotte, Toledo Blade Boulevard and Tamiami Trail, Port
Charlotte
|
(1)(3) | 41,011 | 276,000 | |||||||||
South
Dade, South Dixie Highway and Eureka Drive, Miami
|
(1)(3) | 219,412 | 1,230,000 | |||||||||
Sunrise
West Shopping Center, West Commercial Drive and NW 91st Avenue,
Sunrise
|
(1)(3) | 76,321 | 540,000 | |||||||||
Sunset
19, US Hwy. 19 at Sunset Pointe Rd., Clearwater
|
275,910 | 1,078,000 | ||||||||||
Tamiami
Trail Shops, S.W. 8th St. at S.W. 137th Ave., Miami
|
110,867 | 515,000 | ||||||||||
The
Marketplace at Dr. Phillips, Dr. Phillips Boulevard and Sand Lake Road,
Orlando
|
(1)(3) | 326,250 | 1,495,000 | |||||||||
The
Shoppes at South Semoran, Semoran Blvd. at Pershing Ave.
|
101,535 | 451,282 | ||||||||||
TJ
Maxx Plaza, 117th Avenue at Sunset Blvd., Kendall
|
161,572 | 540,000 | ||||||||||
University
Palms, Alafaya Trail at McCullough Rd., Oviedo
|
(1) | 99,172 | 522,000 | |||||||||
Venice
Pines, Center Rd. at Jacaranda Blvd., Venice
|
97,303 | 525,000 | ||||||||||
Vizcaya
Square, Nob Hill Rd. at Cleary Blvd., Plantation
|
112,410 | 521,000 | ||||||||||
Westland
Terrace Plaza, SR 50 at Apopka Vineland Rd., Orlando
|
260,521 | 361,000 | ||||||||||
Winter
Park Corners, Aloma Ave. at Lakemont Ave., Winter Park
|
102,397 | 400,000 | ||||||||||
Florida,
Total
|
9,181,240 | 39,458,248 | ||||||||||
Georgia
|
||||||||||||
Brookwood
Marketplace, Peachtree Parkway at Mathis Airport Rd.,
Suwannee
|
370,134 | 1,459,000 | ||||||||||
Brookwood
Square, East-West Connector at Austell Rd., Austell
|
253,448 | 971,000 | ||||||||||
Brownsville
Commons, Brownsville Road and Hiram-Lithia Springs Road, Powder
Springs
|
81,886 | 205,000 | ||||||||||
Camp
Creek Marketplace II, Camp Creek Parkway and Carmla Drive,
Atlanta
|
196,283 | 724,000 | ||||||||||
Cherokee
Plaza, Peachtree Road and Colonial Drive, Atlanta
|
(1) | 98,553 | 336,000 | |||||||||
Dallas
Commons, US Highway 278 and Nathan Dean Boulevard, Dallas
|
95,262 | 244,000 | ||||||||||
Grayson
Commons, Grayson Hwy at Rosebud Rd., Grayson
|
76,611 | 507,383 | ||||||||||
Lakeside
Marketplace, Cobb Parkway (US Hwy 41), Acworth
|
321,688 | 736,000 | ||||||||||
Mansell
Crossing, North Point Parkway at Mansell Rd
|
(1)(3) | 102,931 | 582,833 | |||||||||
Perimeter
Village, Ashford-Dunwoody Rd
|
387,755 | 1,803,820 | ||||||||||
Publix
at Princeton Lakes, Carmia Drive and Camp Creek Drive,
Atlanta
|
68,407 | 336,000 | ||||||||||
Reynolds
Crossing, Steve Reynolds and Old North Cross Rd., Duluth
|
115,983 | 407,000 | ||||||||||
Roswell
Corners, Woodstock Rd. at Hardscrabble Rd., Roswell
|
318,499 | 784,000 | ||||||||||
Sandy
Plains Exchange, Sandy Plains at Scufflegrit, Marietta
|
72,784 | 452,000 | ||||||||||
Thompson
Bridge Commons, Thompson Bridge Rd. at Mt. Vernon Rd.,
Gainesville
|
92,587 | 540,000 | ||||||||||
Georgia,
Total
|
2,652,811 | 10,088,036 | ||||||||||
Illinois
|
||||||||||||
Burbank
Station, S. Cicero Ave. at W. 78th St.
|
303,566 | 1,013,380 | ||||||||||
Illinois,
Total
|
303,566 | 1,013,380 | ||||||||||
Kansas
|
||||||||||||
Kohl's,
Wanamaker Rd. at S.W. 17th St., Topeka
|
115,716 | 444,000 | ||||||||||
Shawnee
Village, Shawnee Mission Pkwy. at Quivera Rd., Shawnee
|
135,139 | 10,000 | ||||||||||
Kansas,
Total
|
250,855 | 454,000 | ||||||||||
Kentucky
|
||||||||||||
Festival
at Jefferson Court, Outer Loop at Jefferson Blvd.,
Louisville
|
218,396 | 1,153,000 | ||||||||||
Millpond
Center, Boston at Man O’War, Lexington
|
151,567 | 773,000 | ||||||||||
Regency
Shopping Centre, Nicholasville Rd.& West Lowry Lane,
Lexington
|
170,530 | 590,000 | ||||||||||
Tates
Creek, Tates Creek at Man O’ War, Lexington
|
179,450 | 660,000 | ||||||||||
Kentucky,
Total
|
719,943 | 3,176,000 | ||||||||||
Louisiana
|
||||||||||||
14/Park
Plaza, Hwy. 14 at General Doolittle, Lake Charles
|
172,068 | 535,000 | ||||||||||
Ambassador
Plaza, Ambassador Caffery at W. Congress, Lafayette
|
101,950 | 34,915 | ||||||||||
Danville
Plaza, Louisville at 19th, Monroe
|
141,380 | 539,000 | ||||||||||
K-Mart
Plaza, Ryan St., Lake Charles
|
(1)(3) | 215,948 | 126,000 | |||||||||
Manhattan
Place, Manhattan Blvd. at Gretna Blvd., Harvey
|
281,615 | 894,000 | ||||||||||
Orleans
Station, Paris, Robert E. Lee at Chatham, New Orleans
|
- | 31,000 | ||||||||||
Prien
Lake Plaza, Prien Lake Rd. at Nelson Rd., Lake Charles
|
213,118 | 64,950 | ||||||||||
River
Marketplace, Ambassador Caffery at Kaliste Saloom,
Lafayette
|
(1)(3) | 334,942 | 1,029,415 | |||||||||
Southgate,
Ryan at Eddy, Lake Charles
|
170,588 | 511,000 |
Building
|
Land
|
|||||||||||
Center
and Location
|
Area
|
Area
|
||||||||||
Town
& Country Plaza, U.S. Hwy. 190 West, Hammond
|
226,102 | 645,000 | ||||||||||
University
Place, 70th St. at Youree Dr., Shreveport
|
(1)(3) | 401,154 | 1,078,431 | |||||||||
Westwood
Village, W. Congress at Bertrand, Lafayette
|
141,346 | 942,000 | ||||||||||
Louisiana,
Total
|
2,400,211 | 6,430,711 | ||||||||||
Maine
|
||||||||||||
The
Promenade, Essex at Summit, Lewiston
|
(1) | 197,845 | 962,667 | |||||||||
Maine,
Total
|
197,845 | 962,667 | ||||||||||
Missouri
|
||||||||||||
Ballwin
Plaza, Manchester Rd. at Vlasis Dr., Ballwin
|
200,915 | 653,000 | ||||||||||
Western
Plaza, Hwy 141 at Hwy 30, Fenton
|
(1)(3) | 56,634 | 654,000 | |||||||||
Missouri,
Total
|
257,549 | 1,307,000 | ||||||||||
Nevada
|
||||||||||||
Best
in the West, Rainbow at Lake Mead Rd., Las Vegas
|
436,814 | 1,516,000 | ||||||||||
Charleston
Commons, Charleston and Nellis, Las Vegas
|
338,378 | 1,314,791 | ||||||||||
College
Park S.C., E. Lake Mead Blvd. at Civic Ctr. Dr., North Las
Vegas
|
167,654 | 721,000 | ||||||||||
Eastern
Horizon, Eastern Ave. at Horizon Ridge Pkwy.,
Henderson
|
210,287 | 478,000 | ||||||||||
Francisco
Centre, E. Desert Inn Rd. at S. Eastern Ave., Las Vegas
|
148,815 | 639,000 | ||||||||||
Mission
Center, Flamingo Rd. at Maryland Pkwy, Las Vegas
|
208,220 | 570,000 | ||||||||||
Paradise
Marketplace, Flamingo Rd. at Sandhill, Las Vegas
|
148,713 | 537,000 | ||||||||||
Rainbow
Plaza, Phase I, Rainbow Blvd. at Charleston Blvd., Las
Vegas
|
136,369 | 514,518 | ||||||||||
Rainbow
Plaza, Rainbow Blvd. at Charleston Blvd., Las Vegas
|
278,416 | 1,033,482 | ||||||||||
Rancho
Towne & Country, Rainbow Blvd. at Charleston Blvd., Las
Vegas
|
87,367 | 350,000 | ||||||||||
Tropicana
Beltway, Tropicana Beltway at Fort Apache Rd., Las Vegas
|
640,749 | 1,466,000 | ||||||||||
Tropicana
Marketplace, Tropicana at Jones Blvd., Las Vegas
|
142,728 | 519,000 | ||||||||||
Westland
Fair North, Charleston Blvd. At Decatur Blvd., Las Vegas
|
576,202 | 2,342,061 | ||||||||||
Nevada,
Total
|
3,520,712 | 12,000,852 | ||||||||||
New
Mexico
|
||||||||||||
De
Vargas, N. Guadalupe at Paseo de Peralta, Santa Fe
|
312,421 | 795,000 | ||||||||||
Eastdale,
Candelaria Rd. at Eubank Blvd., Albuquerque
|
117,623 | 601,000 | ||||||||||
North
Towne Plaza, Academy Rd. at Wyoming Blvd., Albuquerque
|
104,034 | 607,000 | ||||||||||
Pavillions
at San Mateo, I-40 at San Mateo, Albuquerque
|
195,944 | 791,000 | ||||||||||
Plaza
at Cottonwood, Coors Bypass Blvd. at Seven Bar Loop Rd.,
Albuquerque
|
418,322 | 386,000 | ||||||||||
Wyoming
Mall, Academy Rd. at Northeastern, Albuquerque
|
267,886 | 1,309,000 | ||||||||||
New
Mexico, Total
|
1,416,230 | 4,489,000 | ||||||||||
North
Carolina
|
||||||||||||
Avent
Ferry, Avent Ferry Rd. at Gorman St., Raleigh
|
111,650 | 669,000 | ||||||||||
Bull
City Market, Broad St. at West Main St., Durham
|
42,517 | 112,000 | ||||||||||
Capital
Square, Capital Blvd. at Huntleigh Dr., Cary
|
143,063 | 607,000 | ||||||||||
Chatham
Crossing, US 15/501 at Plaza Dr., Chapel Hill
|
(1)(3) | 96,155 | 424,000 | |||||||||
Cole
Park Plaza, US 15/501 and Plaza Dr., Chapel Hill
|
(1)(3) | 82,258 | 380,000 | |||||||||
Durham
Festival, Hillsborough Rd. at LaSalle St., Durham
|
134,295 | 487,000 | ||||||||||
Falls
Pointe, Neuce Rd. at Durant Rd., Raleigh
|
193,331 | 659,000 | ||||||||||
Galleria,
Galleria Boulevard and Sardis Road, Charlotte
|
328,144 | 799,000 | ||||||||||
Harrison
Pointe, Harrison Ave. at Maynard Rd., Cary
|
130,934 | 1,297,306 | ||||||||||
Heritage
Station, Forestville Rd. at Rogers Rd., Wake Forest
|
68,778 | 392,000 | ||||||||||
High
House Crossing, NC Hwy 55 at Green Level W. Rd., Cary
|
89,997 | 606,000 | ||||||||||
Johnston
Road Plaza, Johnston Rd. at McMullen Creek Pkwy.,
Charlotte
|
79,508 | 466,000 | ||||||||||
Leesville
Town Centre, Leesville Rd. at Leesville Church Rd.,
Raleigh
|
112,576 | 904,000 | ||||||||||
Little
Brier Creek, Little Brier Creek Lane and Brier Leaf Lane,
Raleigh
|
63,011 | 90,000 | ||||||||||
Lynnwood
Collection, Creedmoor Rd at Lynn Road, Raleigh
|
86,362 | 429,000 | ||||||||||
Mineral
Springs Village, Mineral Springs Rd. at Wake Forest Rd.,
Durham
|
59,859 | 572,000 | ||||||||||
Northwoods
Market, Maynard Rd. at Harrison Ave., Cary
|
77,802 | 431,000 | ||||||||||
Parkway
Pointe, Cory Parkway at S. R. 1011, Cary
|
80,061 | 461,000 | ||||||||||
Pinecrest
Plaza, Hwy. 15-501 at Morganton Rd., Pinehurst
|
250,140 | 1,438,000 | ||||||||||
Ravenstone
Commons, Hwy 98 at Sherron Rd., Durham
|
60,424 | 374,000 | ||||||||||
Six
Forks Station, Six Forks Rd. at Strickland Rd., Raleigh
|
467,270 | 1,843,000 |
Building
|
Land
|
|||||||||||
Center
and Location
|
Area
|
Area
|
||||||||||
Steele
Creek Crossing, York Rd. at Steele Creek Rd., Charlotte
|
77,301 | 491,000 | ||||||||||
Stonehenge
Market, Creedmoor Rd. at Bridgeport Dr., Raleigh
|
188,521 | 669,000 | ||||||||||
Surf
City Crossing, Highway 17 and Highway 210, Surf City
|
(1)(2) | 48,756 | 1,714,109 | |||||||||
Waterford
Village, US Hwy 17 & US Hwy 74/76, Leland
|
(1)(2) | 69,701 | 830,447 | |||||||||
Whitehall
Commons, NWC of Hwy. 49 at I-485, Charlotte
|
444,496 | 360,000 | ||||||||||
North
Carolina, Total
|
3,586,910 | 17,504,862 | ||||||||||
Oklahoma
|
||||||||||||
Market
Boulevard , E. Reno Ave. at N. Douglas Ave., Midwest City
|
35,765 | 142,000 | ||||||||||
Town
and Country, Reno Ave at North Air Depot, Midwest City
|
135,892 | 540,000 | ||||||||||
Oklahoma,
Total
|
171,657 | 682,000 | ||||||||||
Oregon
|
||||||||||||
Clackamas
Square, SE 82nd Avenue and SE Causey Avenue, Portland
|
(1)(3) | 136,739 | 215,000 | |||||||||
Oak
Grove Market Center, SE Mcloughlin Blvd & Oak Grove
Ave
|
97,207 | 292,288 | ||||||||||
Raleigh
Hills Plaza, SW Beaverton-Hillsdale Hwy and SW Scholls Ferry Road,
Portland
|
(1)(3) | 39,520 | 165,000 | |||||||||
Oregon,
Total
|
273,466 | 672,288 | ||||||||||
South
Carolina
|
||||||||||||
Fresh
Market Shoppes, 890 William Hilton Head Pkwy, Hilton Head
|
(1)(3) | 86,120 | 436,000 | |||||||||
South
Carolina, Total
|
86,120 | 436,000 | ||||||||||
Tennessee
|
||||||||||||
Bartlett
Towne Center, Bartlett Blvd. at Stage Rd., Bartlett
|
179,364 | 774,000 | ||||||||||
Commons
at Dexter Lake Phase II, Dexter at N. Germantown, Memphis
|
(1) | 61,538 | 272,792 | |||||||||
Commons
at Dexter Lake, Dexter at N. Germantown, Memphis
|
(1) | 166,958 | 740,208 | |||||||||
Highland
Square, Summer at Highland, Memphis
|
14,490 | 84,000 | ||||||||||
Mendenhall
Commons, South Mendenahall Rd. and Sanderlin Avenue,
Memphis
|
(1) | 79,871 | 250,000 | |||||||||
Ridgeway
Trace, Memphis
|
(2) | 209,327 | 275,915 | |||||||||
Summer
Center, Summer Ave. at Waring Rd., Memphis
|
148,581 | 560,000 | ||||||||||
Tennessee,
Total
|
860,129 | 2,956,915 | ||||||||||
Texas
|
||||||||||||
10/Federal,
I-10 at Federal
|
(1) | 132,472 | 474,000 | |||||||||
Alabama-Shepherd,
S. Shepherd at W. Alabama
|
56,110 | 176,000 | ||||||||||
Angelina
Village, Hwy. 59 at Loop 287, Lufkin
|
248,199 | 1,835,000 | ||||||||||
Bayshore
Plaza, Spencer Hwy. at Burke Rd.
|
121,966 | 196,000 | ||||||||||
Bell
Plaza, 45th Ave. at Bell St., Amarillo
|
(1) | 130,529 | 682,000 | |||||||||
Bellaire
Boulevard, Bellaire at S. Rice
|
(1) | 35,081 | 137,000 | |||||||||
Boswell
Towne Center, Highway 287 at Bailey Boswell Rd., Saginaw
|
87,835 | 137,000 | ||||||||||
Braeswood
Square, N. Braeswood at Chimney Rock
|
103,336 | 422,000 | ||||||||||
Broadway
, Broadway at 59th St., Galveston
|
(1) | 74,477 | 220,000 | |||||||||
Broadway,
S. Broadway at W. 9th St., Tyler
|
60,400 | 259,000 | ||||||||||
Calder,
Calder at 24th St., Beaumont
|
34,641 | 95,000 | ||||||||||
Cedar
Bayou, Bayou Rd., La Marque
|
45,561 | 51,000 | ||||||||||
Central
Plaza, Loop 289 at Slide Rd., Lubbock
|
151,196 | 529,000 | ||||||||||
Centre
at Post Oak, Westheimer at Post Oak Blvd.
|
182,070 | 505,000 | ||||||||||
Champions
Village, F.M. 1960 at Champions Forest Dr.
|
(1) | 383,779 | 1,391,000 | |||||||||
Coronado,
34th St. at Wimberly Dr., Amarillo
|
46,829 | 201,000 | ||||||||||
Crossroads,
I-10 at N. Main, Vidor
|
115,692 | 484,000 | ||||||||||
Cullen
Place, Cullen at Reed
|
7,316 | 30,000 | ||||||||||
Cullen
Plaza, Cullen at Wilmington
|
(1) | 84,517 | 318,000 | |||||||||
Custer
Park, SWC Custer Road at Parker Road, Plano
|
180,568 | 376,000 | ||||||||||
Cypress
Pointe, F.M. 1960 at Cypress Station
|
287,364 | 737,000 | ||||||||||
Eastpark,
Mesa Rd. at Tidwell
|
1,576 | 85,262 | ||||||||||
Edgebrook,
Edgebrook at Gulf Fwy.
|
(1) | 78,324 | 360,000 | |||||||||
Fiesta
Trails, I-10 at DeZavala Rd., San Antonio
|
488,370 | 1,589,000 | ||||||||||
Fiesta
Village, Quitman at Fulton
|
(1) | 30,249 | 80,000 | |||||||||
Fondren/West
Airport, Fondren at W. Airport
|
56,593 | 223,000 | ||||||||||
Food
King Place, 25th St. at Avenue P, Galveston
|
28,062 | 78,000 | ||||||||||
Galveston
Place, Central City Blvd. at 61st St., Galveston
|
210,187 | 828,000 |
Building
|
Land
|
|||||||||||
Center
and Location
|
Area
|
Area
|
||||||||||
Gateway
Station, I-35W and McAlister Rd., Burleson
|
(1)(2) | 31,960 | 344,286 | |||||||||
Gillham
Circle, Gillham Circle at Thomas, Port Arthur
|
33,134 | 94,000 | ||||||||||
Glenbrook
Square, Telephone Road
|
(1) | 76,483 | 320,000 | |||||||||
Griggs
Road, Griggs at Cullen
|
(1) | 80,114 | 382,000 | |||||||||
Harrisburg
Plaza, Harrisburg at Wayside
|
(1) | 93,438 | 334,000 | |||||||||
Heights
Plaza, 20th St. at Yale
|
71,777 | 228,000 | ||||||||||
Horne
Street Market, I-30 & Horne Street, Fort Worth
|
(2) | 42,267 | 223,463 | |||||||||
Humblewood
Shopping Plaza, Eastex Fwy. at F.M. 1960
|
277,837 | 784,000 | ||||||||||
I-45/Telephone
Rd. Center, I-45 at Maxwell Street
|
(1) | 172,609 | 819,000 | |||||||||
Independence
Plaza, Town East Blvd., Mesquite
|
179,182 | 787,000 | ||||||||||
Island
Market Place, 6th St. at 9th Ave., Texas City
|
27,277 | 90,000 | ||||||||||
Jacinto
City, Market at Baca
|
(1) | 49,138 | 134,000 | |||||||||
Killeen
Marketplace, 3200 E. Central Texas Expressway, Killeen
|
251,137 | 512,000 | ||||||||||
Kirby
Strip Center, Kirby Dr, Houston
|
10,000 | 37,897 | ||||||||||
Lake
Pointe Market Center, Dalrock Rd. at Lakeview Pkwy.,
Rowlett
|
124,036 | 218,158 | ||||||||||
Las
Tiendas Plaza, Expressway 83 at McColl Rd., McAllen
|
(1)(3) | 530,067 | 910,000 | |||||||||
Lawndale,
Lawndale at 75th St.
|
(1) | 52,127 | 177,000 | |||||||||
League
City Plaza, I-45 at F.M. 518, League City
|
(1) | 126,990 | 680,000 | |||||||||
Little
York Plaza, Little York at E. Hardy
|
(1) | 117,353 | 483,000 | |||||||||
Lone
Star Pavilions, Texas at Lincoln Ave., College Station
|
106,907 | 439,000 | ||||||||||
Lyons
Avenue, Lyons at Shotwell
|
(1) | 67,629 | 178,000 | |||||||||
Market
at Nolana, Nolana Ave and 29th St., McAllen
|
(1)(2)(3) | 230,261 | 508,000 | |||||||||
Market
at Sharyland Place, U.S. Expressway 83 and Shary Road,
Mission
|
(1)(2)(3) | 415,912 | 543,000 | |||||||||
Market
at Town Center, Town Center Blvd., Sugar Land
|
375,820 | 1,733,000 | ||||||||||
Market
at Westchase, Westheimer at Wilcrest
|
84,084 | 318,000 | ||||||||||
Montgomery
Plaza, Loop 336 West at I-45, Conroe
|
296,837 | 1,179,000 | ||||||||||
Moore
Plaza, S. Padre Island Dr. at Staples, Corpus Christi
|
533,577 | 1,491,000 | ||||||||||
New
Boston Road, New Boston at Summerhill, Texarkana
|
97,000 | 335,000 | ||||||||||
North
Creek Plaza, Del Mar Blvd. at Hwy. I-35, Laredo
|
448,756 | 1,251,000 | ||||||||||
North
Main Square, Pecore at N. Main
|
18,515 | 64,000 | ||||||||||
North
Oaks, F.M. 1960 at Veterans Memorial
|
(1) | 404,733 | 1,646,000 | |||||||||
North
Park Plaza, Eastex Fwy. at Dowlen, Beaumont
|
(1)(3) | 281,401 | 636,000 | |||||||||
North
Towne Plaza, U.S. 77 and 83 at SHFM 802, Brownsville
|
(1)(2) | 117,000 | 1,258,551 | |||||||||
North
Triangle , I-45 at F.M. 1960
|
16,060 | 113,000 | ||||||||||
Northbrook
Center, Northwest Fwy. at W. 34th
|
172,479 | 655,000 | ||||||||||
Northcross,
N. 10th St. at Nolana Loop, McAllen
|
(1)(3) | 76,391 | 218,000 | |||||||||
Northwest
Crossing, N.W. Fwy. at Hollister
|
(1)(3) | 304,064 | 884,000 | |||||||||
Oak
Forest, W. 43rd at Oak Forest
|
147,674 | 541,000 | ||||||||||
Oak
Park Village, Nacogdoches at New Braunfels, San Antonio
|
(1) | 64,287 | 221,000 | |||||||||
Old
Navy Building, 1815 10th Street, McAllen
|
(1)(3) | 15,000 | 62,000 | |||||||||
Orchard
Green, Gulfton at Renwick
|
74,983 | 273,000 | ||||||||||
Overton
Park Plaza, SW Loop 820/Interstate 20 at South Hulen St., Ft.
Worth
|
463,302 | 1,636,000 | ||||||||||
Palmer
Plaza, F.M. 1764 at 34th St., Texas City
|
196,506 | 367,000 | ||||||||||
Parliament
Square II, W. Ave. at Blanco, San Antonio
|
54,541 | 220,919 | ||||||||||
Parliament
Square, W. Ave. at Blanco, San Antonio
|
64,950 | 263,081 | ||||||||||
Phelan
West, Phelan at 23rd St., Beaumont
|
(1)(3) | 82,221 | 88,509 | |||||||||
Phelan,
Phelan at 23rd St, Beaumont
|
12,000 | 63,000 | ||||||||||
Pitman
Corners, Custer Road at West 15th, Plano
|
192,283 | 699,000 | ||||||||||
Plantation
Centre, Del Mar Blvd. at McPherson Rd., Laredo
|
134,919 | 596,000 | ||||||||||
Portairs,
Ayers St. at Horne Rd., Corpus Christi
|
118,233 | 416,000 | ||||||||||
Preston
Shepard Place, Preston Rd. at Park Blvd.
|
(1)(3) | 363,337 | 1,359,072 | |||||||||
Randall's
/Cypress Station, F.M. 1960 at I-45
|
138,974 | 618,000 | ||||||||||
Randall's
/Kings Crossing, Kingwood Dr. at Lake Houston Pkwy.
|
(1) | 126,397 | 624,000 | |||||||||
Randall's
/Norchester, Grant at Jones
|
107,200 | 475,000 | ||||||||||
Richmond
Square, Richmond Ave. at W. Loop 610
|
93,870 | 135,000 | ||||||||||
River
Oaks East, W. Gray at Woodhead
|
71,265 | 206,000 | ||||||||||
River
Oaks West, W. Gray at S. Shepherd
|
255,978 | 609,000 | ||||||||||
Rockwall,
I-30 at Market Center Street, Rockwall
|
209,051 | 933,000 | ||||||||||
Rose-Rich,
U.S. Hwy. 90A at Lane Dr., Rosenberg
|
103,385 | 386,000 |
Building
|
Land
|
|||||||||||
Center
and Location
|
Area
|
Area
|
||||||||||
Sharyland
Towne Crossing, Shary Rd. at Hwy. 83, Mission
|
(1)(2)(3) | 476,376 | 2,008,000 | |||||||||
Sheldon
Forest North , North, I-10 at Sheldon
|
22,040 | 131,000 | ||||||||||
Sheldon
Forest South , North, I-10 at Sheldon
|
(1) | 75,340 | 328,000 | |||||||||
Shops
at Three Corners, S. Main at Old Spanish Trail
|
(1) | 247,129 | 1,007,143 | |||||||||
South
10th St. HEB, S. 10th St. at Houston St., McAllen
|
(1)(3) | 103,702 | 368,000 | |||||||||
Southgate,
Calder Ave. at 6th St., Beaumont
|
33,555 | 118,000 | ||||||||||
Southgate,
W. Fuqua at Hiram Clark
|
(1) | 124,634 | 533,000 | |||||||||
Spring
Plaza, Hammerly at Campbell
|
(1) | 59,266 | 202,000 | |||||||||
Starr
Plaza, U.S. Hwy. 83 at Bridge St., Rio Grande City
|
(1)(3) | 176,812 | 742,000 | |||||||||
Steeplechase,
Jones Rd. at F.M. 1960
|
294,501 | 849,000 | ||||||||||
Stella
Link , Stella Link at S. Braeswood
|
96,396 | 423,588 | ||||||||||
Studemont,
Studewood at E. 14th St
|
28,466 | 91,000 | ||||||||||
Ten
Blalock Square, I-10 at Blalock
|
97,217 | 321,000 | ||||||||||
The
Shoppes at Wilderness Oaks, US Hwy 281 at Wilderness Oaks
|
(2) | - | 1,269,730 | |||||||||
Thousand
Oaks, Thousand Oaks Dr. at Jones Maltsberger Rd., San
Antonio
|
(1) | 162,882 | 730,000 | |||||||||
Tomball
Marketplace, FM 2920 and Future 249, Tomball
|
(2) | 122,189 | 2,067,056 | |||||||||
Town
and Country, 4th St. at University, Lubbock
|
30,743 | 339,000 | ||||||||||
Valley
View, West Ave. at Blanco Rd., San Antonio
|
89,859 | 341,000 | ||||||||||
Village
Arcade, University at Kirby
|
57,219 | 276,503 | ||||||||||
Village
Arcade-Phase II, University at Kirby
|
28,371 | 60,099 | ||||||||||
Village
Arcade-Phase III, University at Kirby
|
106,879 | 231,156 | ||||||||||
Westchase
Center, Westheimer at Wilcrest
|
332,544 | 754,000 | ||||||||||
Westhill
Village, Westheimer at Hillcroft
|
130,562 | 479,000 | ||||||||||
Westmont,
Dowlen at Phelan, Beaumont
|
98,071 | 507,000 | ||||||||||
Westover
Square, 151 and Ingram, San Antonio
|
(1)(2) | - | 369,741 | |||||||||
Westwood
Center, Culebra Road and Westwood Loop, San Antonio
|
(2) | 5,500 | 782,151 | |||||||||
Wolflin
Village, Wolflin Ave. at Georgia St., Amarillo
|
153,084 | 421,000 | ||||||||||
Texas,
Total
|
16,101,344 | 60,046,365 | ||||||||||
Utah
|
||||||||||||
300
West Retail Center, Paxton Ave and 400 West St
|
(1)(2)(3) | - | 456,568 | |||||||||
Alpine
Valley Center, Main St. at State St., American Fork
|
(1)(3) | 224,654 | 447,045 | |||||||||
Taylorsville
Town Center, West 4700 South at Redwood Rd., Taylorsville
|
134,214 | 399,000 | ||||||||||
West
Jordan Town Center, West 7000 South at S. Redwood Rd., West
Jordan
|
304,899 | 814,000 | ||||||||||
Utah,
Total
|
663,767 | 2,116,613 | ||||||||||
Washington
|
||||||||||||
Meridian
Town Center, Meridian Avenue East and 132nd Street East,
Puyallup
|
(1)(3) | 143,012 | 535,000 | |||||||||
Mukilteo
Speedway Center, Mukilteo Speedway, Lincoln Way, and Highway 99,
Lynnwood
|
(1)(3) | 90,273 | 355,000 | |||||||||
Rainer
Square Plaza, Rainer Avenue South and South Charleston Street,
Seattle
|
(1)(3) | 107,423 | 345,000 | |||||||||
South
Hill Center, 43rd Avenue Southwest and Meridian Street South,
Puyallup
|
(1)(3) | 134,020 | 515,000 | |||||||||
Village
at Liberty Lake, E. Country Vista Dr. at N. Liberty Rd., Liberty
Lake
|
(1)(2)(3) | 132,874 | 56,044 | |||||||||
Washington,
Total
|
607,602 | 1,806,044 | ||||||||||
Industrial
|
||||||||||||
California
|
||||||||||||
Siempre
Viva Business Park, Siempre Viva Rd. at Kerns St., San
Diego
|
(1)(3) | 726,766 | 1,760,000 | |||||||||
California,
Total
|
726,766 | 1,760,000 | ||||||||||
Florida
|
||||||||||||
1801
Massaro, 1801 Massaro Blvd., Tampa
|
159,000 | 337,000 | ||||||||||
Hopewell
Industrial Center, Old Hopewell Boulevard and U.S. Highway 301,
Tampa
|
224,483 | 486,000 | ||||||||||
Lakeland
Industrial Center, I-4 at County Rd., Lakeland
|
600,000 | 1,535,000 | ||||||||||
Lakeland
Interestate Industrial Park I, Interstate Drive and Kathleen Rd.,
Lakeland
|
168,400 | 425,000 | ||||||||||
Tampa
East Industrial Portfolio, 1841 Massaro Blvd., Tampa
|
512,923 | 1,342,000 | ||||||||||
Florida,
Total
|
1,664,806 | 4,125,000 |
Building
|
Land
|
|||||||||||
Center
and Location
|
Area
|
Area
|
||||||||||
Georgia
|
||||||||||||
6485
Crescent Drive, I-85 at Jimmy Carter Blvd., Norcross
|
(1)(3) | 360,460 | 965,000 | |||||||||
Atlanta
Industrial Park, Atlanta Industrial Pkwy. at Atlanta Industrial Dr.,
Atlanta
|
120,200 | 381,918 | ||||||||||
Atlanta
Industrial Park II & VI, Atlanta Industrial Pkwy. at Atlanta
Industrial Dr., Atlanta
|
382,100 | 1,214,068 | ||||||||||
Atlanta
Industrial Parkway, Atlanta Industrial Pkwy. at Atlanta Industrial Dr.,
Atlanta
|
50,000 | 159,014 | ||||||||||
Kennesaw
75, 3850-3900 Kennesaw Prkwy, Kennesaw
|
178,467 | 491,000 | ||||||||||
Riverview
Distribution Center, Fulton Industrial Blvd. at Camp Creek
Parkway
|
265,200 | 1,301,791 | ||||||||||
Sears
Logistics, 3700 Southside Industrial Way, Atlanta
|
(1)(3) | 402,554 | 890,000 | |||||||||
SouthPark
3075, Anvil Block Rd and SouthPark Blvd, Atlanta
|
234,525 | 1,022,292 | ||||||||||
Southside
Industrial Parkway, Southside Industrial Pkwy at Jonesboro Rd.,
Atlanta
|
72,000 | 242,000 | ||||||||||
Westlake
125, Camp Creek Parkway and Westlake Parkway, Atlanta
|
154,464 | 422,048 | ||||||||||
Georgia,
Total
|
2,219,970 | 7,089,131 | ||||||||||
Tennessee
|
||||||||||||
Crowfarn
Drive Warehouse, Crowfarn Dr. at Getwell Rd., Memphis
|
(1)(3) | 158,849 | 315,000 | |||||||||
Outland
Business Center, Outland Center Dr., Memphis
|
(1)(3) | 410,138 | 1,215,000 | |||||||||
Southpoint
I & II, Pleasant Hill Rd. at Shelby Dr., Memphis
|
570,940 | 1,127,000 | ||||||||||
Tennessee,
Total
|
1,139,927 | 2,657,000 | ||||||||||
Texas
|
||||||||||||
1625
Diplomat Drive, SWC Diplomat Dr. at McDaniel Dr.,
Carrollton
|
106,140 | 199,000 | ||||||||||
610
and 11th St. Warehouse, Loop 610 at 11th St.
|
(1)(3) | 243,642 | 540,000 | |||||||||
610
and 11th St. Warehouse, Loop 610 at 11th St.
|
104,975 | 202,000 | ||||||||||
610/288
Business Park , Cannon Street
|
(1)(3) | 295,426 | 480,000 | |||||||||
Beltway
8 Business Park, Beltway 8 at Petersham Dr.
|
157,498 | 499,000 | ||||||||||
Blankenship
Building, Kempwood Drive
|
59,729 | 175,000 | ||||||||||
Braker
2 Business Center, Kramer Ln. at Metric Blvd., Austin
|
27,359 | 93,000 | ||||||||||
Brookhollow
Business Center, Dacoma at Directors Row
|
133,553 | 405,000 | ||||||||||
Central
Park Northwest VI, Central Pkwy. at Dacoma
|
175,348 | 518,000 | ||||||||||
Central
Park Northwest VII, Central Pkwy. at Dacoma
|
103,602 | 283,000 | ||||||||||
Central
Plano Business Park, Klein Rd. at Plano Pkwy., Plano
|
137,785 | 415,000 | ||||||||||
Claywood
Industrial Park, Clay at Hollister
|
(2) | 390,891 | 1,761,000 | |||||||||
Corporate
Center Park I and II, Putnam Dr. at Research Blvd., Austin
|
119,452 | 326,000 | ||||||||||
Crestview,
Bissonnet at Wilcrest
|
8,970 | 35,000 | ||||||||||
Crosspoint
Warehouse, Crosspoint
|
72,505 | 179,000 | ||||||||||
Freeport
Business Center, 13215 N. Promenade Blvd., Stafford
|
251,385 | 635,000 | ||||||||||
Freeport
Commerce Center, Sterling Street and Statesman Drive,
Irving
|
50,590 | 196,000 | ||||||||||
Houston
Cold Storage Warehouse, 7080 Express Lane
|
128,752 | 345,189 | ||||||||||
Interwest
Business Park, Alamo Downs Parkway, San Antonio
|
219,244 | 742,000 | ||||||||||
Isom
Business Park, 919-981 Isom Road, San Antonio
|
175,200 | 462,000 | ||||||||||
Jester
Plaza Office Service Center, West T.C. Jester
|
100,605 | 244,000 | ||||||||||
Jupiter
Service Center, Jupiter near Plano Pkwy., Plano
|
78,480 | 234,000 | ||||||||||
Kempwood
Industrial, Kempwood Dr. at Blankenship Dr.
|
(1)(3) | 219,489 | 530,000 | |||||||||
Kempwood
Industrial, Kempwood Dr. at Blankenship Dr.
|
113,218 | 327,000 | ||||||||||
Lathrop
Warehouse, Lathrop St. at Larimer St.
|
(1)(3) | 251,890 | 435,000 | |||||||||
Manana
Office Center, I-35 at Manana, Dallas
|
223,128 | 470,000 | ||||||||||
McGraw
Hill Distribution Center, 420 E. Danieldale Rd, DeSoto
|
417,938 | 888,000 | ||||||||||
Midpoint
I-20 Distribution Center, New York Avenue and Arbrook Boulevard,
Arlington
|
253,165 | 593,000 | ||||||||||
Midway
Business Center, Midway at Boyington, Carrollton
|
141,246 | 309,000 | ||||||||||
Navigation
Business Park, Navigation at N. York
|
(1)(3) | 238,321 | 555,000 | |||||||||
Newkirk
Service Center, Newkirk near N.W. Hwy., Dallas
|
105,892 | 223,000 | ||||||||||
Northeast
Crossing Office/Service Center, East N.W. Hwy. at Shiloh,
Dallas
|
78,700 | 199,000 | ||||||||||
Northway
Park II, Loop 610 East at Homestead
|
(1)(3) | 303,483 | 745,000 | |||||||||
Northwest
Crossing Office/Service Center, N.W. Hwy. at Walton Walker,
Dallas
|
126,984 | 290,000 | ||||||||||
Oak
Hills Industrial Park, Industrial Oaks Blvd., Austin
|
89,858 | 340,000 | ||||||||||
O'Connor
Road Business Park, O’Connor Road, San Antonio
|
150,091 | 459,000 | ||||||||||
Railwood
F, Market at U.S. 90
|
(1)(3) | 300,000 | 560,000 | |||||||||
Railwood
G, Mesa at U.S. 90
|
(1)(2)(3) | 210,850 | 562,665 | |||||||||
Railwood
Industrial Park, Mesa at U.S. 90
|
(1)(3) | 497,656 | 1,060,000 | |||||||||
Railwood
Industrial Park, Mesa at U.S. 90
|
402,680 | 1,141,764 | ||||||||||
Randol
Mill Place, Randol Mill Road, Arlington
|
54,639 | 178,000 |
Building
|
Land
|
|||||||||||
Center
and Location
|
Area
|
Area
|
||||||||||
Redbird
Distribution Center, Joseph Hardin Drive, Dallas
|
110,839 | 233,000 | ||||||||||
Regal
Distribution Center, Leston Avenue, Dallas
|
202,559 | 318,000 | ||||||||||
Rutland
10 Business Center, Metric Blvd. At Centimeter Circle,
Austin
|
54,000 | 139,000 | ||||||||||
Sherman
Plaza Business Park, Sherman at Phillips, Richardson
|
101,137 | 312,000 | ||||||||||
South
Loop Business Park, S. Loop at Long Dr.
|
(1)(3) | 92,450 | 206,000 | |||||||||
Southpark
A,B,C, East St. Elmo Rd. at Woodward St., Austin
|
78,276 | 238,000 | ||||||||||
Southpoint
Service Center, Burleson at Promontory Point Dr., Austin
|
57,667 | 234,000 | ||||||||||
Southport
Business Park 5, South Loop 610
|
160,653 | 358,000 | ||||||||||
Southwest
Park II Service Center, Rockley Road
|
67,700 | 216,000 | ||||||||||
Space
Center Industrial Park, Pulaski St. at Irving Blvd.,
Dallas
|
264,582 | 426,000 | ||||||||||
Stonecrest
Business Center, Wilcrest at Fallstone
|
110,641 | 308,000 | ||||||||||
Town
& Country Commerce Center, I-10 at Beltway 8
|
206,000 | - | ||||||||||
West
10 Business Center II, Wirt Rd. at I-10
|
82,658 | 147,000 | ||||||||||
West
Loop Commerce Center, W. Loop N. at I-10
|
34,256 | 91,000 | ||||||||||
West-10
Business Center, Wirt Rd. at I-10
|
102,087 | 331,000 | ||||||||||
Westgate
Service Center, Park Row Drive at Whiteback Dr.
|
119,786 | 499,000 | ||||||||||
Texas,
Total
|
9,165,650 | 22,889,618 | ||||||||||
Virginia
|
||||||||||||
Enterchange
at Meadowville, 2101 Bermuda Hundred Dr, Chester
|
(1)(3) | 226,809 | 845,717 | |||||||||
Enterchange
at Northlake A, 11900-11998 North Lakeridge Parkway,
Ashland
|
215,077 | 697,831 | ||||||||||
Enterchange
at Northlake C, North Lakeridge Parkway & Northlake Park Dr,
Ashland
|
(1)(3) | 293,115 | 677,794 | |||||||||
Enterchange
at Walthall A & B, 1900-1998 Ruffin Mill Rd, Colonial
Heights
|
(1)(3) | 606,780 | 1,467,536 | |||||||||
Enterchange
at Walthall C, 1936-1962 Ruffin Mill Rd, Colonial Heights
|
(1)(3) | 261,922 | 864,840 | |||||||||
Enterchange
at Walthall D, 1700-1798 Ruffin Mill Rd, Colonial Heights
|
243,782 | 752,020 | ||||||||||
Interport
Business Center A, 4800-4890 Eubank Road, Richmond
|
(1)(3) | 447,412 | 1,037,556 | |||||||||
Interport
Business Center B, 4700-4790 Eubank Road, Richmond
|
(1)(3) | 118,000 | 277,477 | |||||||||
Interport
Business Center C, 5300-5390 Laburnum Ave, Richmond
|
(1)(3) | 54,885 | 154,202 | |||||||||
Virginia,
Total
|
2,467,782 | 6,774,973 | ||||||||||
Other
|
||||||||||||
Arizona
|
||||||||||||
Arcadia
Biltmore Plaza, Campbell Ave. at North 36th St., Phoenix
|
21,122 | 74,000 | ||||||||||
Arizona,
Total
|
21,122 | 74,000 | ||||||||||
Texas
|
||||||||||||
1919
North Loop West, Hacket Drive at West Loop 610 North
|
139,449 | 157,000 | ||||||||||
Citadel
Plaza, Citadel Plaza Dr.
|
121,000 | 170,931 | ||||||||||
Texas,
Total
|
260,449 | 327,931 | ||||||||||
Land
Held for Development
|
||||||||||||
Arizona
|
||||||||||||
Lon
Adams Rd at Tangerine Farms Rd, Marana
|
464,785 | |||||||||||
Arizona,
Total
|
464,785 | |||||||||||
California
|
||||||||||||
Bear
Valley Road at Jess Ranch Parkway Phase II, Apple Valley
|
(1)(3) | 139,392 | ||||||||||
Bear
Valley Road at Jess Ranch Parkway Phase III, Apple Valley
|
(1)(3) | 448,668 | ||||||||||
California,
Total
|
588,060 | |||||||||||
Colorado
|
||||||||||||
Mississippi
at Havana, Aurora
|
(1)(3) | 418,717 | ||||||||||
Colorado,
Total
|
418,717 | |||||||||||
Florida
|
||||||||||||
Young
Pines and Curry Ford Rd, Orange County
|
132,422 | |||||||||||
Florida,
Total
|
132,422 |
Building
|
Land
|
|||||||||||
Center
and Location
|
Area
|
Area
|
||||||||||
Georgia
|
||||||||||||
NWC
South Fulton Parkway @ Hwy 92, Union City
|
(1) | 3,554,000 | ||||||||||
Georgia,
Total
|
3,554,000 | |||||||||||
Louisiana
|
||||||||||||
70th
St. at Mansfield Rd., Shreveport
|
41,704 | |||||||||||
Louisiana,
Total
|
41,704 | |||||||||||
Nevada
|
||||||||||||
SWC
Highway 215 at Decatur, Las Vegas
|
1,103,810 | |||||||||||
Nevada,
Total
|
1,103,810 | |||||||||||
North
Carolina
|
||||||||||||
Creedmoor
(Highway 50) and Crabtree Valley Avenue, Raleigh
|
576,000 | |||||||||||
Highway
17 and Highway 210, Surf City
|
(1) | 1,590,811 | ||||||||||
U.S.
15-501 and Bruce Wood Rd, Southern Pines
|
1,047,000 | |||||||||||
U.S.
Highway 1 at Caveness Farms Rd., Wake Forest
|
3,479,317 | |||||||||||
U.S.
Hwy 17 and U.S. Hwy 74/76, Leland
|
(1) | 362,419 | ||||||||||
North
Carolina, Total
|
7,055,547 | |||||||||||
Texas
|
||||||||||||
9th
Ave. at 25th St., Port Arthur
|
243,000 | |||||||||||
Bissonnet
at Wilcrest, Houston
|
84,629 | |||||||||||
Citadel Plaza
at 610 North Loop, Houston
|
137,000 | |||||||||||
Culebra
Road and Westwood Loop, San Antonio
|
403,366 | |||||||||||
East
Orem
|
122,000 | |||||||||||
FM
1957 (Potranco Road) and FM 211, San Antonio
|
(1) | 8,656,243 | ||||||||||
FM
2920 and Highway 249, Tomball
|
363,944 | |||||||||||
Highway
3 at Highway 1765, Texas City
|
201,000 | |||||||||||
Kirkwood
at Dashwood Drive, Houston
|
322,000 | |||||||||||
Leslie
Rd. at Bandera Rd., Helotes
|
75,000 | |||||||||||
Mesa
Road at Tidwell, Houston
|
35,898 | |||||||||||
Northwest
Freeway at Gessner, Houston
|
213,292 | |||||||||||
River
Pointe Drive at Interstate 45, Conroe
|
118,483 | |||||||||||
Rock
Prairie Rd. at Hwy. 6, College Station
|
3,570,178 | |||||||||||
Shary
Rd. at North Hwy. 83, Mission
|
(1)(3) | 1,607,364 | ||||||||||
Shaver
at Southmore, Pasadena
|
17,000 | |||||||||||
West
Little York at Interstate 45, Houston
|
161,000 | |||||||||||
West
Loop North at Interstate 10, Houston
|
145,000 | |||||||||||
Texas,
Total
|
16,476,397 |
Property
Listing
|
||||||||||||
as
of December 31, 2008
|
||||||||||||
Number of
|
Building Total
|
Land Total
|
||||||||||
ALL PROPERTIES BY STATE
|
Properties
|
Square Feet
|
Square Feet
|
|||||||||
Arizona
|
25 | 3,615,410 | 13,134,822 | |||||||||
Arkansas
|
3 | 357,740 | 1,489,000 | |||||||||
California
|
29 | 5,255,177 | 17,587,299 | |||||||||
Colorado
|
12 | 3,599,119 | 12,955,914 | |||||||||
Florida
|
50 | 10,846,046 | 43,715,670 | |||||||||
Georgia
|
23 | 4,872,781 | 20,731,167 | |||||||||
Illinois
|
1 | 303,566 | 1,013,380 | |||||||||
Kansas
|
2 | 250,855 | 454,000 | |||||||||
Kentucky
|
4 | 719,943 | 3,176,000 | |||||||||
Louisiana
|
12 | 2,400,211 | 6,472,415 | |||||||||
Maine
|
1 | 197,845 | 962,667 | |||||||||
Missouri
|
2 | 257,549 | 1,307,000 | |||||||||
Nevada
|
12 | 3,520,712 | 13,104,662 | |||||||||
New
Mexico
|
6 | 1,416,230 | 4,489,000 | |||||||||
North
Carolina
|
26 | 3,586,910 | 24,560,409 | |||||||||
Oklahoma
|
2 | 171,657 | 682,000 | |||||||||
Oregon
|
3 | 273,466 | 672,288 | |||||||||
South
Carolina
|
1 | 86,120 | 436,000 | |||||||||
Tennessee
|
9 | 2,000,056 | 5,613,915 | |||||||||
Texas
|
163 | 25,527,443 | 99,740,311 | |||||||||
Utah
|
4 | 663,767 | 2,116,613 | |||||||||
Virginia
|
9 | 2,467,782 | 6,774,973 | |||||||||
Washington
|
5 | 607,602 | 1,806,044 | |||||||||
Grand
Total
|
404 | 72,997,987 | 282,995,549 | |||||||||
Total
Retail
|
323 | 55,331,515 | 207,462,454 | |||||||||
Total
Industrial
|
78 | 17,384,901 | 45,295,722 | |||||||||
Total
Land Held for Development
|
29,835,442 | |||||||||||
Total
Other
|
3 | 281,571 | 401,931 |
(1)
|
Denotes
partial ownership. The square feet figures represent our
proportionate ownership of the property held by the joint venture or
partnership.
|
(2)
|
Denotes
property currently under
development.
|
(3)
|
Denotes
properties that are not consolidated under generally accepted accounting
principles.
|
NOTE:
|
Square
feet are reflective of area available to be leased. Certain
listed properties may have additional square feet that are not owned by
us.
|
Annual
Net Rent
of
Expiring Leases
|
|||||||||||||||
Year
|
Number
of Expiring Leases
|
Square
Feet of Expiring Leases
(000's)
|
Percentage
of Leaseable Square Feet
|
Total
(000’s)
|
Per
Square
Foot
|
||||||||||
2009
|
925 | 4,746 | 10.48 | % | $ | 49,223 | $ | 10.37 | |||||||
2010
|
1,144 | 5,955 | 13.16 | % | 70,667 | 11.87 | |||||||||
2011
|
1,099 | 5,998 | 13.25 | % | 73,830 | 12.31 | |||||||||
2012
|
742 | 5,153 | 11.38 | % | 61,072 | 11.85 | |||||||||
2013
|
748 | 5,583 | 12.33 | % | 62,148 | 11.13 | |||||||||
2014
|
271 | 3,532 | 7.80 | % | 32,720 | 9.26 | |||||||||
2015
|
128 | 1,339 | 2.96 | % | 15,168 | 11.33 | |||||||||
2016
|
105 | 1,303 | 2.88 | % | 15,596 | 11.97 | |||||||||
2017
|
111 | 1,513 | 3.34 | % | 20,505 | 13.55 | |||||||||
2018
|
116 | 1,637 | 3.62 | % | 18,904 | 11.55 |
High
|
Low
|
Dividends
|
||||||||||
2008:
|
||||||||||||
Fourth
|
$ | 35.08 | $ | 10.10 | $ | .525 | ||||||
Third
|
40.00 | 27.38 | .525 | |||||||||
Second
|
38.71 | 30.32 | .525 | |||||||||
First
|
35.42 | 28.37 | .525 | |||||||||
2007:
|
||||||||||||
Fourth
|
$ | 44.82 | $ | 31.44 | $ | .495 | ||||||
Third
|
42.15 | 36.34 | .495 | |||||||||
Second
|
49.00 | 40.84 | .495 | |||||||||
First
|
52.16 | 46.06 | .495 |
Plan
category
|
Number
of shares to
be
issued upon exercise
of
outstanding options,
warrants
and rights
|
Weighted
average
exercise
price of
outstanding
options,
warrants
and rights
|
Number
of shares
remaining
available
for
future issuance
|
|||||||||
Equity
compensation plans approved by shareholders
|
3,317,655 | $ | 32.96 | 2,011,682 | ||||||||
Equity
compensation plans not approved by shareholders
|
― | ― | ― | |||||||||
Total
|
3,317,655 | $ | 32.96 | 2,011,682 |
2004
|
2005
|
2006
|
2007
|
2008
|
||||||||||||||||
Weingarten
|
142.37 | 140.59 | 179.24 | 128.19 | 91.88 | |||||||||||||||
S&P
500 Index
|
110.88 | 116.33 | 134.70 | 142.10 | 89.53 | |||||||||||||||
The
NAREIT All Equity Index
|
131.58 | 147.58 | 199.32 | 168.05 | 104.65 |
(Amounts in thousands, except per share amounts) | ||||||||||||||||||||
Year Ended December 31, | ||||||||||||||||||||
2008
|
2007
|
2006
|
2005
|
2004
|
||||||||||||||||
Revenues
(primarily real estate rentals)
|
$ | 614,968 | $ | 583,767 | $ | 523,424 | $ | 473,974 | $ | 428,144 | ||||||||||
Expenses:
|
||||||||||||||||||||
Depreciation
and amortization
|
155,912 | 128,061 | 117,443 | 106,949 | 95,219 | |||||||||||||||
Other
|
269,803 | 197,365 | 170,196 | 143,106 | 134,284 | |||||||||||||||
Total
|
425,715 | 325,426 | 287,639 | 250,055 | 229,503 | |||||||||||||||
Operating
Income
|
189,253 | 258,341 | 235,785 | 223,919 | 198,641 | |||||||||||||||
Interest
Expense
|
(148,475 | ) | (148,829 | ) | (145,374 | ) | (129,160 | ) | (116,142 | ) | ||||||||||
Interest
and Other Income, net
|
4,334 | 8,486 | 9,044 | 2,854 | 1,389 | |||||||||||||||
Loss
on Redemption of Preferred Shares
|
(3,566 | ) | ||||||||||||||||||
Gain
on Redemption of Convertible Senior Unsecured Notes
|
10,658 | |||||||||||||||||||
Equity
in Earnings of Real Estate Joint Ventures and Partnerships,
net
|
12,196 | 19,853 | 14,655 | 6,610 | 5,384 | |||||||||||||||
Income
Allocated to Minority Interests
|
(8,943 | ) | (10,237 | ) | (6,414 | ) | (6,060 | ) | (4,928 | ) | ||||||||||
Gain
on Land and Merchant Development Sales
|
8,342 | 16,385 | 7,166 | 804 | ||||||||||||||||
Gain
on Sale of Properties
|
1,998 | 4,086 | 22,493 | 22,306 | 1,562 | |||||||||||||||
Benefit
(Provision) for Income Taxes
|
10,148 | (4,073 | ) | (1,366 | ) | |||||||||||||||
Income
from Continuing Operations
|
79,511 | 144,012 | 135,989 | 121,273 | 82,340 | |||||||||||||||
Income
from Discontinued Operations (1)
|
72,170 | 94,005 | 169,021 | 98,380 | 59,041 | |||||||||||||||
Net
Income
|
$ | 151,681 | $ | 238,017 | $ | 305,010 | $ | 219,653 | $ | 141,381 | ||||||||||
Net
Income Available to Common Shareholders
|
$ | 115,120 | $ | 212,642 | $ | 294,909 | $ | 209,552 | $ | 133,911 | ||||||||||
Per
Share Data - Basic:
|
||||||||||||||||||||
Income
from Continuing Operations
|
$ | 0.51 | $ | 1.39 | $ | 1.43 | $ | 1.25 | $ | 0.87 | ||||||||||
Net
Income
|
$ | 1.36 | $ | 2.49 | $ | 3.36 | $ | 2.35 | $ | 1.55 | ||||||||||
Weighted
Average Number of Shares
|
84,474 | 85,504 | 87,719 | 89,224 | 86,171 | |||||||||||||||
Per
Share Data - Diluted:
|
||||||||||||||||||||
Income
from Continuing Operations
|
$ | 0.51 | $ | 1.38 | $ | 1.43 | $ | 1.25 | $ | 0.87 | ||||||||||
Net
Income
|
$ | 1.36 | $ | 2.44 | $ | 3.27 | $ | 2.31 | $ | 1.54 | ||||||||||
Weighted
Average Number of Shares
|
84,917 | 88,893 | 91,779 | 93,166 | 89,511 | |||||||||||||||
Property
(at cost)
|
$ | 4,915,472 | $ | 4,972,344 | $ | 4,445,888 | $ | 4,033,579 | $ | 3,751,607 | ||||||||||
Total
Assets
|
$ | 5,114,699 | $ | 4,993,343 | $ | 4,373,887 | $ | 3,737,741 | $ | 3,470,318 | ||||||||||
Debt
|
$ | 3,171,537 | $ | 3,165,059 | $ | 2,941,039 | $ | 2,348,504 | $ | 2,138,842 | ||||||||||
Other
Data:
|
||||||||||||||||||||
Cash
Flows from Operating Activities
|
$ | 220,150 | $ | 223,309 | $ | 242,592 | $ | 200,525 | $ | 203,886 | ||||||||||
Cash
Flows from Investing Activities
|
$ | (115,391 | ) | $ | (480,630 | ) | $ | (314,686 | ) | $ | (104,459 | ) | $ | (349,654 | ) | |||||
Cash
Flows from Financing Activities
|
$ | (111,590 | ) | $ | 252,095 | $ | 100,407 | $ | (97,791 | ) | $ | 170,928 | ||||||||
Cash
Dividends per Common Share
|
$ | 2.10 | $ | 1.98 | $ | 1.86 | $ | 1.76 | $ | 1.66 | ||||||||||
Funds
from Operations: (2)
|
||||||||||||||||||||
Net
Income Available to Common Shareholders
|
$ | 115,120 | $ | 212,642 | $ | 294,909 | $ | 209,552 | $ | 133,911 | ||||||||||
Depreciation
and Amortization
|
162,035 | 141,150 | 131,792 | 125,742 | 114,342 | |||||||||||||||
Gain
on Sale of Properties
|
(70,068 | ) | (86,076 | ) | (172,056 | ) | (87,561 | ) | (26,316 | ) | ||||||||||
Total
|
$ | 207,087 | $ | 267,716 | $ | 254,645 | $ | 247,733 | $ | 221,937 |
(1)
|
SFAS
No. 144, "Accounting for the Impairment or Disposal of Long-Lived Assets"
requires the operating results and gain (loss) on the sale of operating
properties to be reported as discontinued operations for all periods
presented.
|
(2)
|
The
National Association of Real Estate Investment Trusts (“NAREIT”) defines
funds from operations (“FFO”) as net income (loss) available to common
shareholders computed in accordance with generally accepted accounting
principles, excluding gains or losses from sales of real estate assets and
extraordinary items, plus depreciation and amortization of operating
properties, including our share of unconsolidated real estate joint
ventures and partnerships. We calculate FFO in a manner
consistent with the NAREIT definition.
Management
uses FFO as a supplemental measure to conduct and evaluate our business
because there are certain limitations associated with using GAAP net
income by itself as the primary measure of our operating
performance. Historical cost accounting for real estate assets
in accordance with GAAP implicitly assumes that the value of real estate
assets diminishes predictably over time. Since real estate
values instead have historically risen or fallen with market conditions,
management believes that the presentation of operating results for real
estate companies that uses historical cost accounting is insufficient by
itself. There can be no assurance that FFO presented by us is
comparable to similarly titled measures of other REITs.
FFO
should not be considered as an alternative to net income or other
measurements under GAAP as an indicator of our operating performance or to
cash flows from operating, investing or financing activities as a measure
of liquidity. FFO does not reflect working capital changes,
cash expenditures for capital improvements or principal payments on
indebtedness.
|
December
31,
|
||||||||
2008
|
2007
|
|||||||
Shopping
Centers
|
93.0 | % | 95.1 | % | ||||
Industrial
|
91.6 | % | 92.0 | % | ||||
Total
|
92.6 | % | 94.4 | % |
Year
Ended December 31,
|
||||||||
2008
|
2007
|
|||||||
Gross
interest expense
|
$ | 176,772 | $ | 180,612 | ||||
Over-market
mortgage adjustment of acquired properties
|
(8,007 | ) | (6,758 | ) | ||||
Capitalized
interest
|
(20,290 | ) | (25,025 | ) | ||||
Total
|
$ | 148,475 | $ | 148,829 |
December
31,
|
||||||||
2007
|
2006
|
|||||||
Shopping
Centers
|
95.1 | % | 95.0 | % | ||||
Industrial
|
92.0 | % | 91.2 | % | ||||
Total
|
94.4 | % | 94.1 | % |
Year
Ended December 31,
|
||||||||
2007
|
2006
|
|||||||
Gross
interest expense
|
$ | 180,612 | $ | 160,454 | ||||
Over-market
mortgage adjustment of acquired properties
|
(6,758 | ) | (7,464 | ) | ||||
Capitalized
interest
|
(25,025 | ) | (7,616 | ) | ||||
Total
|
$ | 148,829 | $ | 145,374 |
Covenant
|
Restriction
|
Actual
|
||
Debt
to Asset Ratio
|
Less
than 60.0%
|
54.55%
|
||
Fixed
Charge Ratio
|
Greater
than 1.5
|
2.15
|
||
Unencumbered
Interest Ratio
|
Greater
than 2.0
|
2.56
|
2009
|
2010
|
2011
|
2012
|
2013
|
Thereafter
|
Total
|
||||||||||||||||||||||
Mortgages
and Notes Payable: (1)
|
||||||||||||||||||||||||||||
Unsecured
Debt (2)
|
$ | 123,652 | $ | 531,719 | $ | 293,856 | $ | 263,723 | $ | 230,175 | $ | 1,392,677 | $ | 2,835,802 | ||||||||||||||
Secured
Debt
|
123,842 | 125,272 | 139,640 | 179,505 | 172,245 | 588,034 | 1,328,538 | |||||||||||||||||||||
Ground
Lease Payments
|
3,568 | 3,528 | 3,439 | 3,251 | 3,222 | 129,400 | 146,408 | |||||||||||||||||||||
Other
Obligations (3)
|
40,701 | 40,701 | ||||||||||||||||||||||||||
Total
Contractual Obligations
|
$ | 291,763 | $ | 660,519 | $ | 436,935 | $ | 446,479 | $ | 405,642 | $ | 2,110,111 | $ | 4,351,449 |
(1)
|
Includes
principal and interest with interest on variable-rate debt calculated
using rates at December 31, 2008 excluding the effect of interest rate
swaps, as they are currently in a net receivable
position.
|
(2)
|
Unsecured
debt in 2010 includes the maturity of our revolving credit facility of
$383.0 million at December 31, 2008, which we have the option to extend
for a one-year period.
|
(3)
|
Other
obligations include income and ad valorem tax payments, contributions to
our retirement plan and other employee payments. Severance and
change in control agreements have not been included as the amounts and
payouts are unknown.
|
Year
Ended December 31,
|
||||||||||||
2008
|
2007
|
2006
|
||||||||||
Net
income available to common shareholders
|
$ | 115,120 | $ | 212,642 | $ | 294,909 | ||||||
Depreciation
and amortization
|
150,137 | 129,946 | 126,713 | |||||||||
Depreciation
and amortization of unconsolidated real estate joint ventures
and
partnerships
|
11,898 | 11,204 | 5,079 | |||||||||
Gain
on sale of properties
|
(70,066 | ) | (83,907 | ) | (168,004 | ) | ||||||
Gain
on sale of properties of unconsolidated real estate joint ventures
and partnerships
|
(2 | ) | (2,169 | ) | (4,052 | ) | ||||||
Funds
from operations
|
207,087 | 267,716 | 254,645 | |||||||||
Funds
from operations attributable to operating partnership
units
|
4,407 | 5,453 | ||||||||||
Funds
from operations assuming conversion of operating partnership
units
|
$ | 207,087 | $ | 272,123 | $ | 260,098 | ||||||
Weighted
average shares outstanding - basic
|
84,474 | 85,504 | 87,719 | |||||||||
Effect
of dilutive securities:
|
||||||||||||
Share
options and awards
|
443 | 891 | 926 | |||||||||
Operating
partnership units
|
2,498 | 3,134 | ||||||||||
Weighted
average shares outstanding - diluted
|
84,917 | 88,893 | 91,779 |
Year
Ended December 31,
|
||||||||||||
2008
|
2007
|
2006
|
||||||||||
Revenues:
|
||||||||||||
Rentals
|
$ | 600,918 | $ | 570,487 | $ | 516,669 | ||||||
Other
|
14,050 | 13,280 | 6,755 | |||||||||
Total
|
614,968 | 583,767 | 523,424 | |||||||||
Expenses:
|
||||||||||||
Depreciation
and amortization
|
155,912 | 128,061 | 117,443 | |||||||||
Operating
|
118,477 | 103,737 | 85,722 | |||||||||
Ad
valorem taxes
|
73,026 | 66,649 | 60,673 | |||||||||
General
and administrative
|
25,761 | 26,979 | 23,801 | |||||||||
Impairment
loss
|
52,539 | |||||||||||
Total
|
425,715 | 325,426 | 287,639 | |||||||||
Operating
Income
|
189,253 | 258,341 | 235,785 | |||||||||
Interest
Expense
|
(148,475 | ) | (148,829 | ) | (145,374 | ) | ||||||
Interest
and Other Income, net
|
4,334 | 8,486 | 9,044 | |||||||||
Gain
on Redemption of Convertible Senior Unsecured Notes
|
10,658 | |||||||||||
Equity
in Earnings of Real Estate Joint Ventures and
Partnerships
,
net
|
12,196 | 19,853 | 14,655 | |||||||||
Income
Allocated to Minority Interests
|
(8,943 | ) | (10,237 | ) | (6,414 | ) | ||||||
Gain
on Sale of Properties
|
1,998 | 4,086 | 22,493 | |||||||||
Gain
on Land and Merchant Development Sales
|
8,342 | 16,385 | 7,166 | |||||||||
Benefit
(Provision) for Income Taxes
|
10,148 | (4,073 | ) | (1,366 | ) | |||||||
Income
from Continuing Operations
|
79,511 | 144,012 | 135,989 | |||||||||
Operating
Income from Discontinued Operations
|
3,448 | 10,346 | 23,527 | |||||||||
Gain
on Sale of Properties from Discontinued Operations
|
68,722 | 83,659 | 145,494 | |||||||||
Income
from Discontinued Operations
|
72,170 | 94,005 | 169,021 | |||||||||
Net
Income
|
151,681 | 238,017 | 305,010 | |||||||||
Dividends
on Preferred Shares
|
(34,711 | ) | (25,375 | ) | (10,101 | ) | ||||||
Redemption
Costs of Preferred Shares
|
(1,850 | ) | ||||||||||
Net
Income Available to Common Shareholders
|
$ | 115,120 | $ | 212,642 | $ | 294,909 | ||||||
Net
Income Per Common Share - Basic:
|
||||||||||||
Income
from Continuing Operations
|
$ | .51 | $ | 1.39 | $ | 1.43 | ||||||
Income
from Discontinued Operations
|
.85 | 1.10 | 1.93 | |||||||||
Net
Income
|
$ | 1.36 | $ | 2.49 | $ | 3.36 | ||||||
Net
Income Per Common Share - Diluted:
|
||||||||||||
Income
from Continuing Operations
|
$ | .51 | $ | 1.38 | $ | 1.43 | ||||||
Income
from Discontinued Operations
|
.85 | 1.06 | 1.84 | |||||||||
Net
Income
|
$ | 1.36 | $ | 2.44 | $ | 3.27 | ||||||
Comprehensive
Income:
|
||||||||||||
Net
Income
|
$ | 151,681 | $ | 238,017 | $ | 305,010 | ||||||
Other
Comprehensive Loss:
|
||||||||||||
Unrealized loss on derivatives
|
(5,014 | ) | (2,861 | ) | ||||||||
Loss on derivatives
|
(7,204 | ) | ||||||||||
Amortization of loss on derivatives
|
2,095 | 878 | 364 | |||||||||
Minimum pension liability adjustment
|
(9,092 | ) | 1,161 | (1,150 | ) | |||||||
Other
Comprehensive Loss
|
(14,201 | ) | (2,975 | ) | (3,647 | ) | ||||||
Comprehensive
Income
|
$ | 137,480 | $ | 235,042 | $ | 301,363 |
Preferred
Shares
of
Beneficial
Interest
|
Common
Shares
of
Beneficial
Interest
|
Treasury
Shares
of
Beneficial
Interest
|
Accumulated
Additional
Paid-In
Capital
|
Net
Income
in
Excess
of
(Less
Than)
Accumulated
Dividends
|
Accumulated
Other
Comprehensive
Loss
|
Total
|
||||||||||||||||||||||
Balance,
January 1, 2006
|
$ | 4 | $ | 2,686 | $ | 1,288,432 | $ | (132,786 | ) | $ | (8,050 | ) | $ | 1,150,286 | ||||||||||||||
Net
income
|
305,010 | 305,010 | ||||||||||||||||||||||||||
Shares
issued in exchange for interests in limited partnerships
|
7 | 7,988 | 7,995 | |||||||||||||||||||||||||
Shares
cancelled
|
(128 | ) | (167,445 | ) | (167,573 | ) | ||||||||||||||||||||||
Shares
issued under benefit plans
|
17 | 7,506 | 7,523 | |||||||||||||||||||||||||
Dividends
declared – common shares (1)
|
(162,909 | ) | (162,909 | ) | ||||||||||||||||||||||||
Dividends
declared – preferred shares (2)
|
(10,101 | ) | (10,101 | ) | ||||||||||||||||||||||||
Adjustment
to initially apply FASB Statement No. 158
|
(803 | ) | (803 | ) | ||||||||||||||||||||||||
Other
comprehensive loss
|
(3,647 | ) | (3,647 | ) | ||||||||||||||||||||||||
Balance,
December 31, 2006
|
4 | 2,582 | 1,136,481 | (786 | ) | (12,500 | ) | 1,125,781 | ||||||||||||||||||||
Net
income
|
238,017 | 238,017 | ||||||||||||||||||||||||||
Issuance
of Series F preferred shares
|
2 | 193,972 | 193,974 | |||||||||||||||||||||||||
Issuance
of Series G preferred shares
|
2 | 193,548 | 193,550 | |||||||||||||||||||||||||
Shares
issued in exchange for interests in limited partnerships
|
17 | 13,562 | 13,579 | |||||||||||||||||||||||||
Shares
repurchased (5)
|
$ | (41 | ) | (49,966 | ) | (50,007 | ) | |||||||||||||||||||||
Shares
repurchased and cancelled
|
(42 | ) | (53,317 | ) | (53,359 | ) | ||||||||||||||||||||||
Shares
issued under benefit plans
|
8 | 7,747 | 7,755 | |||||||||||||||||||||||||
Dividends
declared – common shares (1)
|
(169,117 | ) | (169,117 | ) | ||||||||||||||||||||||||
Dividends
declared – preferred shares (3)
|
(25,375 | ) | (25,375 | ) | ||||||||||||||||||||||||
Other
comprehensive loss
|
(2,975 | ) | (2,975 | ) | ||||||||||||||||||||||||
Balance,
December 31, 2007
|
8 | 2,565 | (41 | ) | 1,442,027 | 42,739 | (15,475 | ) | 1,471,823 | |||||||||||||||||||
Net
income
|
151,681 | 151,681 | ||||||||||||||||||||||||||
Issuance
of Series F preferred shares
|
2 | 116,949 | 883 | 117,834 | ||||||||||||||||||||||||
Redemption
of Series G preferred shares
|
(2 | ) | (193,548 | ) | (1,850 | ) | (195,400 | ) | ||||||||||||||||||||
Issuance
of common shares
|
90 | 97,971 | 98,061 | |||||||||||||||||||||||||
Shares
issued in exchange for interests in limited partnerships
|
2 | 3,295 | 3,297 | |||||||||||||||||||||||||
Treasury
shares cancelled (5)
|
(41 | ) | 41 | - | ||||||||||||||||||||||||
Shares
issued under benefit plans
|
9 | 8,703 | 8,712 | |||||||||||||||||||||||||
Dividends
declared – common shares (1)
|
(177,975 | ) | (177,975 | ) | ||||||||||||||||||||||||
Dividends
declared – preferred shares (4)
|
(35,594 | ) | (35,594 | ) | ||||||||||||||||||||||||
Other
comprehensive loss
|
(14,201 | ) | (14,201 | ) | ||||||||||||||||||||||||
Balance,
December 31, 2008
|
$ | 8 | $ | 2,625 | $ | - | $ | 1,475,397 | $ | (20,116 | ) | $ | (29,676 | ) | $ | 1,428,238 |
(1)
|
Common
dividends per share were $2.10, $1.98 and $1.86 for the year ended
December 31, 2008, 2007 and 2006, respectively.
|
(2)
|
Series
D and Series E preferred dividends per share were $50.63 and $173.75,
respectively, for the year ended December 31, 2006.
|
(3)
|
Series
D, E, F and G preferred dividends per share were $50.63, $173.75, $142.64
and $34.88, respectively, for the year ended December 31,
2007.
|
(4)
|
Series
D, E, F and G preferred dividends per share were $50.63, $173.75, $162.50
and $73.73, respectively, for the year ended December 31,
2008.
|
(5)
|
A
total of 1.4 million common shares of beneficial interest were purchased
in 2007 and subsequently retired on January 11,
2008.
|
Year
Ended December 31,
|
||||||||||||
2008
|
2007
|
2006
|
||||||||||
Numerator:
|
||||||||||||
Net
income available to common shareholders – basic
|
$ | 115,120 | $ | 212,642 | $ | 294,909 | ||||||
Income
attributable to operating partnership units
|
4,407 | 5,453 | ||||||||||
Net
income available to common shareholders – diluted
|
$ | 115,120 | $ | 217,049 | $ | 300,362 | ||||||
Denominator:
|
||||||||||||
Weighted
average shares outstanding – basic
|
84,474 | 85,504 | 87,719 | |||||||||
Effect
of dilutive securities:
|
||||||||||||
Share
options and awards
|
443 | 891 | 926 | |||||||||
Operating
partnership units
|
2,498 | 3,134 | ||||||||||
Weighted
average shares outstanding – diluted
|
84,917 | 88,893 | 91,779 |
Year
Ended December 31,
|
||||||||||||
2008
|
2007
|
2006
|
||||||||||
Debt
|
$ | - | $ | 99,428 | $ | 140,740 | ||||||
Obligations
Under Capital Leases
|
- | 12,888 | - | |||||||||
Minority
Interest
|
634 | 27,932 | 15,816 | |||||||||
Net
Assets and Liabilities
|
8,450 | 14,322 | 21,597 |
December
31,
|
||||||||
2008
|
2007
|
|||||||
Debt
payable to 2030 at 4.5% to 8.8%
|
$ | 2,755,475 | $ | 2,876,445 | ||||
Unsecured
notes payable under revolving credit agreements
|
383,000 | 255,000 | ||||||
Obligations
under capital leases
|
29,725 | 29,725 | ||||||
Industrial
revenue bonds payable to 2015 at 2.4% to 2.1%
|
3,337 | 3,889 | ||||||
Total
|
$ | 3,171,537 | $ | 3,165,059 |
December
31,
|
||||||||
2008
|
2007
|
|||||||
As
to interest rate (including the effects of interest rate
swaps):
|
||||||||
Fixed-rate
debt
|
$ | 2,722,510 | $ | 2,843,320 | ||||
Variable-rate
debt
|
449,027 | 321,739 | ||||||
Total
|
$ | 3,171,537 | $ | 3,165,059 | ||||
As
to collateralization:
|
||||||||
Unsecured
debt
|
$ | 2,139,392 | $ | 2,095,506 | ||||
Secured
debt
|
1,032,145 | 1,069,553 | ||||||
Total
|
$ | 3,171,537 | $ | 3,165,059 |
2009
|
$ | 96,987 | ||
2010
|
127,975 | |||
2011
|
303,412 | |||
2012
|
334,701 | |||
2013
|
413,440 | |||
2014
|
374,743 | |||
2015
|
249,780 | |||
2016
|
147,123 | |||
2017
|
29,391 | |||
2018
|
54,007 | |||
Thereafter
|
609,636 | |||
Total
|
$ | 2,741,195 |
December
31,
|
||||||||
2008
|
2007
|
|||||||
Land
|
$ | 964,982 | $ | 974,145 | ||||
Land
held for development
|
118,078 | 62,033 | ||||||
Land
under development
|
101,587 | 223,827 | ||||||
Buildings
and improvements
|
3,488,385 | 3,533,037 | ||||||
Construction
in-progress
|
242,440 | 179,302 | ||||||
Total
|
$ | 4,915,472 | $ | 4,972,344 |
Year
Ended December 31,
|
||||||||||||
2008
|
2007
|
2006
|
||||||||||
Interest
|
$ | 20,290 | $ | 25,025 | $ | 7,616 | ||||||
Ad
valorem taxes
|
2,730 | 1,985 | 780 | |||||||||
Total
|
$ | 23,020 | $ | 27,010 | $ | 8,396 |
December
31,
|
||||||||
2008
|
2007
|
|||||||
Combined
Condensed Balance Sheets
|
||||||||
Property
|
$ | 1,951,771 | $ | 1,660,915 | ||||
Accumulated
depreciation
|
(129,227 | ) | (71,998 | ) | ||||
Property,
net
|
1,822,544 | 1,588,917 | ||||||
Other
assets
|
256,688 | 238,166 | ||||||
Total
|
$ | 2,079,232 | $ | 1,827,083 | ||||
Debt
(primarily mortgage payable)
|
$ | 472,486 | $ | 378,206 | ||||
Notes
and accounts payable to Weingarten Realty Investors
|
248,969 | 87,191 | ||||||
Other
liabilities
|
149,265 | 138,150 | ||||||
Accumulated
equity
|
1,208,512 | 1,223,536 | ||||||
Total
|
$ | 2,079,232 | $ | 1,827,083 |
Year
Ended December 31,
|
||||||||||||
2008
|
2007
|
2006
|
||||||||||
Combined
Condensed Statements of Income
|
||||||||||||
Revenues
|
$ | 162,737 | $ | 146,642 | $ | 65,002 | ||||||
Expenses:
|
||||||||||||
Depreciation
and amortization
|
41,146 | 38,574 | 15,390 | |||||||||
Interest
|
20,424 | 23,093 | 17,398 | |||||||||
Operating
|
37,592 | 22,396 | 8,750 | |||||||||
Ad
valorem taxes
|
18,739 | 15,767 | 6,187 | |||||||||
General
and administrative
|
6,055 | 1,243 | 783 | |||||||||
Impairment
loss
|
5,151 | |||||||||||
Total
|
129,107 | 101,073 | 48,508 | |||||||||
Gain
on land and merchant development sales
|
933 | 1,295 | 1,938 | |||||||||
Gain
on sale of properties
|
13 | 5,422 | 5,991 | |||||||||
Net
income
|
$ | 34,576 | $ | 52,286 | $ | 24,423 |
2008
|
2007
|
2006
|
||||||||||
Net
Income
|
$ | 151,681 | $ | 238,017 | $ | 305,010 | ||||||
Net
(income) loss of taxable REIT subsidiaries included above
|
34,803 | (6,352 | ) | (4,264 | ) | |||||||
Net
Income from REIT operations
|
186,484 | 231,665 | 300,746 | |||||||||
Book
depreciation and amortization including discontinued
operations
|
157,893 | 134,676 | 131,992 | |||||||||
Tax
depreciation and amortization
|
(144,816 | ) | (98,238 | ) | (86,002 | ) | ||||||
Book/tax
difference on gains/losses from capital transactions
|
35,891 | (76,054 | ) | (128,628 | ) | |||||||
Deferred/prepaid/above
and below market rents, net (1)
|
(20,113 | ) | (7,349 | )) | 574 | |||||||
Impairment
loss
|
31,461 | |||||||||||
Other
book/tax differences, net (1)
|
(31,267 | ) | 10,047 | (23,108 | ) | |||||||
REIT
taxable income
|
215,533 | 194,747 | 195,574 | |||||||||
Dividends
paid deduction
|
(215,533 | ) | (194,747 | ) | (195,574 | ) | ||||||
Dividends
paid in excess of taxable income
|
$ | - | $ | - | $ | - |
2008
|
2007
|
2006
|
||||||||||
Ordinary
income
|
45.5 | % | 85.6 | % | 76.2 | % | ||||||
Capital
gain distributions
|
54.5 | 14.4 | 23.8 | |||||||||
Total
|
100.0 | % | 100.0 | % | 100.0 | % |
December
31,
|
||||||||
2008
|
2007
|
|||||||
Deferred
Assets:
|
||||||||
Impairment
loss
|
$ | 9,936 | ||||||
Allowance
on other assets
|
1,363 | |||||||
Interest
expense
|
861 | $ | 267 | |||||
Book/tax
basis differential
|
884 | |||||||
Other
|
174 | |||||||
Total
|
$ | 12,334 | $ | 1,151 | ||||
Deferred
Liabilities:
|
||||||||
Pre-development
costs
|
$ | 1,411 | ||||||
Straight-line
rentals
|
$ | 152 |
2009
|
$ | 3,568 | ||
2010
|
3,528 | |||
2011
|
3,439 | |||
2012
|
3,251 | |||
2013
|
3,222 | |||
Thereafter
|
129,400 | |||
$ | 146,408 |
2009
|
$ | 34,253 | ||
2010
|
30,343 | |||
2011
|
26,057 | |||
2012
|
22,066 | |||
2013
|
18,578 | |||
Thereafter
|
88,457 | |||
$ | 219,754 |
December
31,
|
||||||||
2008
|
2007
|
|||||||
Identified
Intangible Assets:
|
||||||||
Above-Market
Leases (included in Other Assets)
|
$ | 17,921 | $ | 18,590 | ||||
Above-Market
Leases – Accumulated Amortization
|
(9,771 | ) | (7,323 | ) | ||||
Below-Market
Assumed Mortgages (included in Debt)
|
2,072 | 2,072 | ||||||
Below-Market
Assumed Mortgages – Accumulated Amortization
|
(525 | ) | (246 | ) | ||||
Valuation
of In Place Leases (included in Unamortized Debt and Lease
Cost)
|
64,027 | 59,498 | ||||||
Valuation
of In Place Leases – Accumulated Amortization
|
(29,104 | ) | (22,308 | ) | ||||
$ | 44,620 | $ | 50,283 | |||||
Identified
Intangible Liabilities:
|
||||||||
Below-Market
Leases (included in Other Liabilities)
|
$ | 38,712 | $ | 39,141 | ||||
Below-Market
Leases – Accumulated Amortization
|
(18,265 | ) | (11,949 | ) | ||||
Above-Market
Assumed Mortgages (included in Debt)
|
53,895 | 58,414 | ||||||
Above-Market
Assumed Mortgages – Accumulated Amortization
|
(28,284 | ) | (24,517 | ) | ||||
$ | 46,058 | $ | 61,089 |
2009
|
$ | 2,695 | ||
2010
|
1,879 | |||
2011
|
1,372 | |||
2012
|
1,117 | |||
2013
|
982 |
2009
|
$ | 6,700 | ||
2010
|
5,868 | |||
2011
|
4,591 | |||
2012
|
3,702 | |||
2013
|
2,884 |
2009
|
$ | 4,337 | ||
2010
|
3,713 | |||
2011
|
2,416 | |||
2012
|
1,242 | |||
2013
|
798 |
Quoted
Prices in Active Markets for Identical Assets and Liabilities
(Level
1)
|
Significant
Other Observable Inputs
(Level
2)
|
Significant
Unobservable Inputs
(Level
3)
|
Fair
Value at December 31, 2008
|
|||||||||||||
Assets:
|
||||||||||||||||
Derivative
instruments
|
$ | 4,625 | $ | 4,625 | ||||||||||||
Investments
held in grantor trusts
|
$ | 25,595 | 25,595 | |||||||||||||
Total
|
$ | 25,595 | $ | 4,625 | - | $ | 30,220 | |||||||||
Year
Ended December 31,
|
||||||||||||
2008
|
2007
|
2006
|
||||||||||
Fair
value per share option
|
$ | 3.07 | $ | 4.29 | $ | 4.97 | ||||||
Dividend
yield
|
5.1 | % | 5.5 | % | 5.7 | % | ||||||
Expected
volatility
|
18.8 | % | 18.1 | % | 18.2 | % | ||||||
Expected
life (in years)
|
6.2 | 6.0 | 5.9 | |||||||||
Risk-free
interest rate
|
2.8 | % | 4.1 | % | 4.4 | % |
Weighted
|
||||||||
Shares
|
Average
|
|||||||
Under
|
Exercise
|
|||||||
Option
|
Price
|
|||||||
Outstanding,
January 1, 2006
|
3,179,646 | $ | 27.47 | |||||
Granted
|
544,346 | 47.41 | ||||||
Forfeited
or expired
|
(65,996 | ) | 28.63 | |||||
Exercised
|
(510,843 | ) | 20.73 | |||||
Outstanding,
December 31, 2006
|
3,147,153 | 31.99 | ||||||
Granted
|
7,821 | 42.63 | ||||||
Forfeited
or expired
|
(73,156 | ) | 35.78 | |||||
Exercised
|
(241,528 | ) | 23.24 | |||||
Outstanding,
December 31, 2007
|
2,840,290 | 32.66 | ||||||
Granted
|
832,106 | 32.22 | ||||||
Forfeited
or expired
|
(174,376 | ) | 35.85 | |||||
Exercised
|
(180,365 | ) | 21.99 | |||||
Outstanding,
December 31, 2008
|
3,317,655 | $ | 32.96 |
Outstanding
|
Exercisable
|
|||||||||||||||||||||||||
Weighted
|
Weighted
|
|||||||||||||||||||||||||
Average
|
Weighted
|
Aggregate
|
Weighted
|
Average
|
Aggregate
|
|||||||||||||||||||||
Remaining
|
Average
|
Intrinsic
|
Average
|
Remaining
|
Intrinsic
|
|||||||||||||||||||||
Range
of
|
Contractual
|
Exercise
|
Value
|
Exercise
|
Contractual
|
Value
|
||||||||||||||||||||
Exercise
Prices
|
Number
|
Life
|
Price
|
(000’s)
|
Number
|
Price
|
Life
|
(000’s)
|
||||||||||||||||||
$17.94
- $26.91
|
882,939 |
3.0
years
|
$ | 22.11 | 822,163 | $ | 21.93 |
3.0
years
|
||||||||||||||||||
$26.92
- $40.38
|
1,946,412 |
7.3
years
|
$ | 34.25 | 963,427 | $ | 35.11 |
5.8
years
|
||||||||||||||||||
$40.39
- $49.62
|
488,304 |
7.9
years
|
$ | 47.46 | 213,878 | $ | 47.46 |
7.9
years
|
||||||||||||||||||
Total
|
3,317,655 |
6.2
years
|
$ | 32.96 | $ | - | 1,999,468 | $ | 31.01 |
4.9
years
|
$ | - |
Unvested
|
Weighted
|
|||||||
Restricted
|
Average
Grant
|
|||||||
Shares
|
Date
Fair Value
|
|||||||
Outstanding,
January 1, 2008
|
117,539 | $ | 41.45 | |||||
Granted
|
129,260 | 32.28 | ||||||
Vested
|
(61,426 | ) | 36.94 | |||||
Forfeited
|
(17,971 | ) | 36.65 | |||||
Outstanding,
December 31, 2008
|
167,402 | $ | 36.54 |
Fiscal
Year End
|
||||||||
2008
|
2007
|
|||||||
Change
in Projected Benefit Obligation:
|
||||||||
Benefit
obligation at beginning of year
|
$ | 41,083 | $ | 38,997 | ||||
Service
cost
|
2,414 | 3,846 | ||||||
Interest
cost
|
2,639 | 2,175 | ||||||
Actuarial
(gains) losses
|
1,093 | (1,325 | ) | |||||
Benefit
payments
|
(1,081 | ) | (2,610 | ) | ||||
Benefit
obligation at end of year
|
$ | 46,148 | $ | 41,083 | ||||
Change
in Plan Assets:
|
||||||||
Fair
value of plan assets at beginning of year
|
$ | 20,434 | $ | 17,933 | ||||
Actual
return on plan assets
|
(5,946 | ) | 1,185 | |||||
Employer
contributions
|
2,065 | 3,926 | ||||||
Benefit
payments
|
(1,081 | ) | (2,610 | ) | ||||
Fair
value of plan assets at end of year
|
$ | 15,472 | $ | 20,434 | ||||
Unfunded
Status at End of Year:
|
$ | 30,676 | $ | 20,649 | ||||
Accumulated
benefit obligation
|
$ | 45,052 | $ | 40,101 | ||||
Amounts
recognized in accumulated other comprehensive loss consist
of:
|
||||||||
Net
loss
|
$ | 13,262 | $ | 4,287 | ||||
Prior
service credit
|
(470 | ) | (587 | ) | ||||
Total
amount recognized
|
$ | 12,792 | $ | 3,700 |
2008
|
2007
|
2006
|
|||||||
Net
loss (gain)
|
$ | 9,231 | $ | (925 | ) |
NA
|
|||
Amortization
of net gain
|
(256 | ) | (353 | ) |
NA
|
||||
Amortization
of prior service cost
|
117 | 117 |
NA
|
||||||
Total
recognized in other comprehensive income
|
$ | 9,092 | $ | (1,161 | ) |
NA
|
|||
Total
recognized in net periodic benefit costs and other comprehensive
income
|
$ | 12,093 | $ | 3,511 |
NA
|
2008
|
2007
|
|||||||
Projected
benefit obligation
|
$ | 46,149 | $ | 41,083 | ||||
Accumulated
benefit obligation
|
45,052 | 40,101 | ||||||
Fair
value of plan assets
|
15,472 | 20,434 |
2008
|
2007
|
2006
|
||||||||||
Service
cost
|
$ | 2,414 | $ | 3,846 | $ | 3,090 | ||||||
Interest
cost
|
2,639 | 2,175 | 2,309 | |||||||||
Expected
return on plan assets
|
(1,832 | ) | (1,500 | ) | (1,385 | ) | ||||||
Prior
service cost
|
(117 | ) | (117 | ) | (128 | ) | ||||||
Recognized
(gain) loss
|
(104 | ) | 269 | 407 | ||||||||
Total
|
$ | 3,000 | $ | 4,673 | $ | 4,293 |
2008
|
2007
|
2006
|
||||||||||
Discount
rate – Retirement Plan and SRP
|
6.25 | % | 5.75 | % | 5.75 | % | ||||||
Salary
scale increases – Retirement Plan
|
4.00 | % | 4.00 | % | 4.00 | % | ||||||
Salary
scale increases – SRP
|
5.00 | % | 5.00 | % | 5.00 | % | ||||||
Long-term
rate of return on assets – Retirement Plan
|
8.50 | % | 8.50 | % | 8.50 | % |
2008
|
2007
|
2006
|
||||||||||
Discount
rate – Retirement Plan and SRP
|
6.00 | % | 6.25 | % | 5.75 | % | ||||||
Salary
scale increases – Retirement Plan
|
4.00 | % | 4.00 | % | 4.00 | % | ||||||
Salary
scale increases – SRP
|
5.00 | % | 5.00 | % | 5.00 | % |
December
31,
|
||||||||
2008
|
2007
|
|||||||
Cash
and short-term investments
|
4 | % | 3 | % | ||||
Mutual
funds – equity
|
61 | % | 69 | % | ||||
Mutual
funds – fixed income
|
35 | % | 28 | % | ||||
Total
|
100 | % | 100 | % |
Shopping
|
||||||||||||||||
Center
|
Industrial
|
Other
|
Total
|
|||||||||||||
Year
Ended December 31, 2008:
|
||||||||||||||||
Revenues
|
$ | 548,249 | $ | 57,913 | $ | 8,806 | $ | 614,968 | ||||||||
Net
Operating Income (Loss)
|
382,839 | 40,769 | (143 | ) | 423,465 | |||||||||||
Equity in Earnings (Loss) of Real Estate Joint Ventures and Partnerships,
net
|
15,012 | 1,428 | (4,244 | ) | 12,196 | |||||||||||
Capital
Expenditures
|
247,723 | 22,315 | 29,052 | 299,090 | ||||||||||||
Year
Ended December 31, 2007:
|
||||||||||||||||
Revenues
|
$ | 519,233 | $ | 53,650 | $ | 10,884 | $ | 583,767 | ||||||||
Net
Operating Income
|
371,697 | 37,151 | 4,533 | 413,381 | ||||||||||||
Equity in Earnings of Real Estate Joint Ventures and Partnerships,
net
|
18,309 | 1,348 | 196 | 19,853 | ||||||||||||
Capital
Expenditures
|
771,590 | 91,881 | 24,874 | 888,345 | ||||||||||||
Year
Ended December 31, 2006:
|
||||||||||||||||
Revenues
|
$ | 467,307 | $ | 53,429 | $ | 2,688 | $ | 523,424 | ||||||||
Net
Operating Income (Loss)
|
340,072 | 37,362 | (405 | ) | 377,029 | |||||||||||
Equity in Earnings of Real Estate Joint Ventures and Partnerships,
net
|
13,713 | 377 | 565 | 14,655 | ||||||||||||
Capital
Expenditures
|
920,017 | 96,504 | 5,582 | 1,022,103 | ||||||||||||
As
of December 31, 2008:
|
||||||||||||||||
Investment in Real Estate Joint Ventures and Partnerships
|
$ | 318,003 | $ | 39,631 | $ | - | $ | 357,634 | ||||||||
Total
Assets
|
3,747,037 | 348,691 | 1,018,971 | 5,114,699 | ||||||||||||
As
of December 31, 2007:
|
||||||||||||||||
Investment in Real Estate Joint Ventures and Partnerships
|
$ | 261,293 | $ | 35,103 | $ | 4,360 | $ | 300,756 | ||||||||
Total
Assets
|
3,908,105 | 353,157 | 732,081 | 4,993,343 | ||||||||||||
As
of December 31, 2006:
|
||||||||||||||||
Investment in Real Estate Joint Ventures and Partnerships
|
$ | 174,587 | $ | 25,156 | $ | 4,096 | $ | 203,839 | ||||||||
Total
Assets
|
3,516,080 | 324,343 | 533,464 | 4,373,887 |
2008
|
2007
|
2006
|
||||||||||
Total
Segment Net Operating Income
|
$ | 423,465 | $ | 413,381 | $ | 377,029 | ||||||
Depreciation
and Amortization
|
(155,912 | ) | (128,061 | ) | (117,443 | ) | ||||||
General
and Administrative
|
(25,761 | ) | (26,979 | ) | (23,801 | ) | ||||||
Impairment
Loss
|
(52,539 | ) | ||||||||||
Interest
Expense
|
(148,475 | ) | (148,829 | ) | (145,374 | ) | ||||||
Interest
and Other Income, net
|
4,334 | 8,486 | 9,044 | |||||||||
Gain
on Redemption of Convertible Senior Unsecured Notes
|
10,658 | |||||||||||
Equity
in Earnings of Real Estate Joint
Ventures and Partnerships,
net
|
12,196 | 19,853 | 14,655 | |||||||||
Income
Allocated to Minority Interests
|
(8,943 | ) | (10,237 | ) | (6,414 | ) | ||||||
Gain
on Sale of Properties
|
1,998 | 4,086 | 22,493 | |||||||||
Gain
on Land and Merchant Development Sales
|
8,342 | 16,385 | 7,166 | |||||||||
Benefit
(Provision) for Income Taxes
|
10,148 | (4,073 | ) | (1,366 | ) | |||||||
Income
from Continuing Operations
|
$ | 79,511 | $ | 144,012 | $ | 135,989 |
First
|
Second
|
Third
|
Fourth
|
||||||||||||||||
2008:
|
|||||||||||||||||||
Revenues
(3)
|
$ | 152,096 | $ | 153,678 | $ | 158,017 | $ | 151,177 | |||||||||||
Net
income (loss) available to common shareholders
|
28,776 | 66,999 | (1) | 29,053 | (9,708 | ) | (2) | ||||||||||||
Net
income (loss) per common share – basic
|
0.34 | 0.80 | (1) | 0.35 | (0.11 | ) | (2) | ||||||||||||
Net
income (loss) per common share – diluted
|
0.34 | 0.79 | (1) | 0.34 | (0.11 | ) | (2) | ||||||||||||
2007:
|
|||||||||||||||||||
Revenues
(3)
|
$ | 139,776 | $ | 141,314 | $ | 152,194 | $ | 150,483 | |||||||||||
Net
income available to common shareholders
|
46,657 | 70,002 | (1) | 38,281 | 57,702 | (1) | |||||||||||||
Net
income per common share – basic
|
0.54 | 0.81 | (1) | 0.45 | 0.68 | (1) | |||||||||||||
Net
income per common share – diluted
|
0.53 | 0.79 | (1) | 0.44 | 0.67 | (1) |
(1)
|
The
quarter results include significant gains on the sale of
properties.
|
(2)
|
The
quarter results include significant impairment
charges.
|
(3)
|
Revenues
from the sale of operating properties have been reclassified and reported
as operating income from discontinued operations for all periods
presented.
|
Number
of shares to
|
Weighted
average
|
|||||
be
issued upon exercise
|
exercise
price of
|
Number
of shares
|
||||
of
outstanding options,
|
outstanding
options,
|
remaining
available
|
||||
Plan
category
|
warrants
and rights
|
warrants
and rights
|
for
future issuance
|
|||
Equity
compensation plans approved by shareholders
|
3,317,655
|
$
32.96
|
2,011,682
|
|||
Equity
compensation plans not approved by shareholders
|
―
|
―
|
―
|
|||
Total
|
3,317,655
|
$
32.96
|
2,011,682
|
(a)
|
Financial
Statements and Financial Statement Schedules:
|
Page
|
|||
(1)
|
(A)
|
Report
of Independent Registered Public Accounting Firm
|
50
|
||
(B)
|
Financial
Statements
|
||||
(i)
|
Statements
of Consolidated Income and Comprehensive Income for the year ended
December 31, 2008, 2007 and 2006
|
51
|
|||
(ii)
|
Consolidated
Balance Sheets as of December 31, 2008 and 2007
|
52
|
|||
(iii)
|
Statements
of Consolidated Cash Flows for the year ended December 31, 2008, 2007 and
2006
|
53
|
|||
(iv)
|
Statements
of Consolidated Shareholders' Equity for the year ended December 31, 2008,
2007 and 2006
|
54
|
|||
(v)
|
Notes
to Consolidated Financial Statements
|
55
|
(2)
|
Financial
Statement Schedules:
|
||||
Report
of Independent Registered Public Accounting Firm
|
97
|
||||
Schedule
|
|||||
II
|
Valuation
and Qualifying Accounts
|
98
|
|||
III
|
Real
Estate and Accumulated Depreciation
|
99
|
|||
IV
|
Mortgage
Loans on Real Estate
|
109
|
(b)
|
Exhibits:
|
|
3.1
|
—
|
Restated
Declaration of Trust (filed as Exhibit 3.1 to WRI's Registration Statement
on Form 8-A dated January 19, 1999 and incorporated herein by
reference).
|
3.2
|
—
|
Amendment
of the Restated Declaration of Trust (filed as Exhibit 3.2 to WRI's
Registration Statement on Form 8-A dated January 19, 1999 and incorporated
herein by reference).
|
3.3
|
—
|
Second
Amendment of the Restated Declaration of Trust (filed as Exhibit 3.3 to
WRI's Registration Statement on Form 8-A dated January 19, 1999 and
incorporated herein by reference).
|
3.4
|
—
|
Third
Amendment of the Restated Declaration of Trust (filed as Exhibit 3.4 to
WRI's Registration Statement on Form 8-A dated January 19, 1999 and
incorporated herein by reference).
|
3.5
|
—
|
Fourth
Amendment of the Restated Declaration of Trust dated April 28, 1999 (filed
as Exhibit 3.5 to WRI's Annual Report on Form 10-K for the year ended
December 31, 2001 and incorporated herein by
reference).
|
3.6
|
—
|
Fifth
Amendment of the Restated Declaration of Trust dated April 20, 2001 (filed
as Exhibit 3.6 to WRI's Annual Report on Form 10-K for the year ended
December 31, 2001 and incorporated herein by
reference).
|
3.7
|
—
|
Amended
and Restated Bylaws of WRI (filed as Exhibit 99.2 to WRI's Registration
Statement on Form 8-A dated February 23, 1998 and incorporated herein by
reference).
|
3.8
|
—
|
Amendment
of Bylaws-Direct Registration System, Section 7.2(a) dated May 3,
2007 (filed as Exhibit 3.8 to WRI’s Form 10-Q for the quarter ended June
30, 2007 and incorporated herein by reference).
|
4.1
|
—
|
Subordinated
Indenture dated as of May 1, 1995 between WRI and Chase Bank of Texas,
National Association (formerly, Texas Commerce Bank National Association)
(filed as Exhibit 4(a) to WRI's Registration Statement on Form S-3 (No.
33-57659) and incorporated herein by reference).
|
4.2
|
—
|
Subordinated
Indenture dated as of May 1, 1995 between WRI and Chase Bank of Texas,
National Association (formerly, Texas Commerce Bank National Association)
(filed as Exhibit 4(b) to WRI's Registration Statement on Form S-3 (No.
33-57659) and incorporated herein by
reference).
|
10.45†
|
—
|
Amendment
No. 2 to the Weingarten Realty Investors Supplemental Executive Retirement
Plan dated November 9, 2007 (filed as Exhibit 10.45 on WRI’s Form 10-K for
the year ended December 31, 2007 and incorporated herein by
reference).
|
10.46†
|
—
|
Severance
Benefit and Stay Pay Bonus Plan dated September 20, 2007 (filed as Exhibit
10.46 on WRI’s Form 10-K for the year ended December 31, 2007 and
incorporated herein by reference).
|
10.47†
|
—
|
2007
Reduction in Force Severance Pay Plan dated November 6, 2007 (filed as
Exhibit 10.47 on WRI’s Form 10-K for the year ended December 31, 2007 and
incorporated herein by reference).
|
10.48†
|
—
|
Fifth
Amendment to the Weingarten Realty Retirement Plan, dated August 1, 2008
(filed as Exhibit 10.48 on WRI’s Form 10-Q for the quarter ended September
30, 2008 and incorporated herein by reference).
|
10.49†
|
—
|
Amendment
No. 3 to the Weingarten Realty Investors Retirement Benefit Restoration
Plan dated November 17, 2008 (filed as Exhibit 10.1 on WRI’s Form 8-K on
December 4, 2008 and incorporated herein by reference).
|
10.50†
|
—
|
Amendment
No. 3 to the Weingarten Realty Investors Deferred Compensation Plan dated
November 17, 2008 (filed as Exhibit 10.2 on WRI’s Form 8-K on December 4,
2008 and incorporated herein by reference).
|
10.51†
|
—
|
Amendment
No. 3 to the Weingarten Realty Investors Supplemental Executive Retirement
Plan dated November 17, 2008 (filed as Exhibit 10.3 on WRI’s Form 8-K on
December 4, 2008 and incorporated herein by reference).
|
10.52†
|
—
|
Amendment
No. 1 to the Weingarten Realty Investors 2001 Long Term Incentive Plan
dated November 17, 2008 (filed as Exhibit 10.4 on WRI’s Form 8-K on
December 4, 2008 and incorporated herein by reference).
|
10.53†
|
—
|
The
Savings and Investment Plan for Employees of Weingarten Realty Investors
Amendment for the Final 415 Regulations dated November 17, 2008 (filed as
Exhibit 10.5 on WRI’s Form 8-K on December 4, 2008 and incorporated herein
by reference).
|
10.54†*
|
—
|
|
10.55†*
|
—
|
|
10.56†*
|
—
|
|
10.57†*
|
—
|
|
12.1*
|
—
|
|
14.1
|
—
|
Code
of Ethical Conduct for Senior Financial Officers – Andrew M. Alexander
(filed as Exhibit 14.1 to WRI’s Annual Report on Form 10-K for the year
ended December 31, 2003 and incorporated herein by
reference).
|
14.2
|
—
|
Code
of Ethical Conduct for Senior Financial Officers – Stephen C. Richter
(filed as Exhibit 14.2 to WRI’s Annual Report on Form 10-K for the year
ended December 31, 2003 and incorporated herein by
reference).
|
14.3
|
—
|
Code
of Ethical Conduct for Senior Financial Officers – Joe D. Shafer (filed as
Exhibit 14.3 to WRI’s Annual Report on Form 10-K for the year ended
December 31, 2003 and incorporated herein by
reference).
|
21.1* |
—
|
Listing of Subsidiaries of the Registrant. |
23.1*
|
—
|
|
31.1*
|
—
|
|
31.2*
|
—
|
|
32.1**
|
—
|
|
32.2**
|
—
|
*
|
Filed
with this report.
|
**
|
Furnished
with this report.
|
†
|
Management
contract or compensation plan or
arrangement.
|
WEINGARTEN
REALTY INVESTORS
|
||
By:
|
/s/ Andrew
M. Alexander
|
|
Andrew
M. Alexander
|
||
Chief
Executive Officer
|
Signature
|
Title
|
Date
|
|
By:
|
/s/ Stanford
Alexander
|
Chairman
|
March
2, 2009
|
Stanford
Alexander
|
and
Trust Manager
|
||
By:
|
/s/ Andrew
M. Alexander
|
Chief
Executive Officer,
|
March
2, 2009
|
Andrew
M. Alexander
|
President
and Trust Manager
|
||
By:
|
/s/ James
W. Crownover
|
Trust
Manager
|
March
2, 2009
|
James
W. Crownover
|
|||
By:
|
/s/ Robert
J. Cruikshank
|
Trust
Manager
|
March
2, 2009
|
Robert
J. Cruikshank
|
|||
By:
|
/s/ Melvin
Dow
|
Trust
Manager
|
March
2, 2009
|
Melvin
Dow
|
|||
By:
|
/s/ Stephen
A. Lasher
|
Trust
Manager
|
March
2, 2009
|
Stephen
A. Lasher
|
|||
By:
|
/s/ Stephen
C. Richter
|
Executive
Vice President and
|
March
2, 2009
|
Stephen
C. Richter
|
Chief
Financial Officer
|
||
By:
|
/s/ Douglas
W. Schnitzer
|
Trust
Manager
|
March
2, 2009
|
Douglas
W. Schnitzer
|
|||
By:
|
/s/ Joe
D. Shafer
|
Vice
President/Chief Accounting Officer
|
March
2, 2009
|
Joe
D. Shafer
|
(Principal
Accounting Officer)
|
||
By:
|
/s/ C.
Park Shaper
|
Trust
Manager
|
March
2, 2009
|
C.
Park Shaper
|
|||
By:
|
/s/ Marc
J. Shapiro
|
Trust
Manager
|
March
2, 2009
|
Marc
J. Shapiro
|
|||
Charged
|
||||||||||||||||
Balance
at
|
to
costs
|
Balance
|
||||||||||||||
beginning
|
and
|
Deductions
|
at
end of
|
|||||||||||||
Description
|
of
period
|
expenses
|
(A)
|
period
|
||||||||||||
2008
|
||||||||||||||||
Allowance
for Doubtful Accounts
|
$ | 8,721 | $ | 11,441 | $ | 7,750 | $ | 12,412 | ||||||||
2007
|
||||||||||||||||
Allowance
for Doubtful Accounts
|
$ | 5,995 | $ | 5,929 | $ | 3,203 | $ | 8,721 | ||||||||
2006
|
||||||||||||||||
Allowance
for Doubtful Accounts
|
$ | 4,673 | $ | 3,917 | $ | 2,595 | $ | 5,995 |
Initial
Cost to Company
|
Gross
Amounts at Close of Period
|
|||||||||||||||||||||||||||||||||||||||
Description
|
Land
|
Building
and Improvements
|
Cost
Capitalized Subsequent to Acquisition
|
Land
|
Building
and Improvements
|
Total
(D)
|
Accumulated
Depreciation
|
Total
Costs, Net of Accumulated Depreciation
|
Encumbrances
(A)
|
Date
of Acquisition / Construction
|
||||||||||||||||||||||||||||||
Shopping
Center:
|
||||||||||||||||||||||||||||||||||||||||
10-Federal
Shopping Center
|
$ | 1,791 | $ | 7,470 | $ | 38 | $ | 1,791 | $ | 7,508 | $ | 9,299 | $ | (4,617 | ) | $ | 4,682 | $ | - | B |
03/20/2008
|
|||||||||||||||||||
580
Market Place
|
3,892 | 15,570 | 377 | 3,889 | 15,950 | 19,839 | (3,212 | ) | 16,627 | - |
04/02/2001
|
|||||||||||||||||||||||||||||
Academy
Place
|
1,537 | 6,168 | 1,150 | 1,532 | 7,323 | 8,855 | (2,351 | ) | 6,504 | - |
10/22/1997
|
|||||||||||||||||||||||||||||
Alabama
Shepherd Shopping Ctr
|
637 | 2,026 | 5,884 | 1,062 | 7,485 | 8,547 | (2,788 | ) | 5,759 | - |
04/30/2004
|
|||||||||||||||||||||||||||||
Angelina Village
|
200 | 1,777 | 9,773 | 1,127 | 10,623 | 11,750 | (5,039 | ) | 6,711 | - |
04/30/1991
|
|||||||||||||||||||||||||||||
Arcade
Square
|
1,497 | 5,986 | 424 | 1,495 | 6,412 | 7,907 | (1,390 | ) | 6,517 | - |
04/02/2001
|
|||||||||||||||||||||||||||||
Argyle Village Shopping
Center
|
4,524 | 18,103 | 658 | 4,526 | 18,759 | 23,285 | (3,623 | ) | 19,662 | - |
11/30/2001
|
|||||||||||||||||||||||||||||
Arrowhead
Festival S/C
|
1,294 | 154 | 2,596 | 1,366 | 2,678 | 4,044 | (924 | ) | 3,120 | - |
12/31/2000
|
|||||||||||||||||||||||||||||
Avent Ferry Shopping
Center
|
1,952 | 7,814 | 1,024 | 1,952 | 8,838 | 10,790 | (1,723 | ) | 9,067 | (1,155 | ) |
04/04/2002
|
||||||||||||||||||||||||||||
Ballwin Plaza
|
2,988 | 12,039 | 1,788 | 3,017 | 13,798 | 16,815 | (3,351 | ) | 13,464 | - |
10/01/1999
|
|||||||||||||||||||||||||||||
Bartlett Towne Center
|
3,479 | 14,210 | 620 | 3,443 | 14,866 | 18,309 | (3,218 | ) | 15,091 | (6,949 | ) |
05/15/2001
|
||||||||||||||||||||||||||||
Basha's
Valley Plaza
|
1,414 | 5,818 | 1,490 | 1,422 | 7,300 | 8,722 | (2,624 | ) | 6,098 | - |
12/31/1997
|
|||||||||||||||||||||||||||||
Bayshore Plaza
|
728 | 1,452 | 684 | 728 | 2,136 | 2,864 | (1,885 | ) | 979 | - |
08/21/1981
|
|||||||||||||||||||||||||||||
Baywood Shopping
Center
|
- | 3 | 5 | - | 8 | 8 | (8 | ) | - | - |
01/04/1990
|
|||||||||||||||||||||||||||||
Bell Plaza
|
1,322 | 7,151 | 75 | 1,322 | 7,226 | 8,548 | (2,277 | ) | 6,271 | - | B |
03/20/2008
|
||||||||||||||||||||||||||||
Bellaire Blvd Shopping
Center
|
124 | 37 | - | 124 | 37 | 161 | (36 | ) | 125 | - | C |
11/13/2008
|
||||||||||||||||||||||||||||
Best
in the West
|
13,191 | 77,159 | 2,998 | 13,194 | 80,154 | 93,348 | (7,333 | ) | 86,015 | (36,288 | ) |
04/28/2005
|
||||||||||||||||||||||||||||
Boca Lyons Plaza
|
3,676 | 14,706 | 249 | 3,651 | 14,980 | 18,631 | (2,829 | ) | 15,802 | - |
08/17/2001
|
|||||||||||||||||||||||||||||
Boswell Towne Center
|
1,488 | - | 1,755 | 615 | 2,628 | 3,243 | (949 | ) | 2,294 | - |
12/31/2003
|
|||||||||||||||||||||||||||||
Boulevard
Market Place
|
340 | 1,430 | 352 | 340 | 1,782 | 2,122 | (921 | ) | 1,201 | - |
09/01/1990
|
|||||||||||||||||||||||||||||
Braeswood
Square Shopping Ctr.
|
- | 1,421 | 1,118 | - | 2,539 | 2,539 | (2,051 | ) | 488 | - |
05/28/1969
|
|||||||||||||||||||||||||||||
Broadway
& Ellsworth
|
152 | - | 1,116 | 356 | 912 | 1,268 | (312 | ) | 956 | - |
12/31/2002
|
|||||||||||||||||||||||||||||
Broadway
Marketplace
|
898 | 3,637 | 781 | 906 | 4,410 | 5,316 | (1,810 | ) | 3,506 | - |
12/16/1993
|
|||||||||||||||||||||||||||||
Broadway Shopping
Center
|
234 | 3,166 | 1 | 235 | 3,166 | 3,401 | (2,221 | ) | 1,180 | - | B |
03/20/2008
|
||||||||||||||||||||||||||||
Brookwood
Marketplace
|
7,050 | 15,134 | 6,925 | 7,576 | 21,533 | 29,109 | (967 | ) | 28,142 | (19,775 | ) |
08/22/2006
|
||||||||||||||||||||||||||||
Brookwood
Square Shopping Ctr
|
4,008 | 19,753 | 915 | 4,008 | 20,668 | 24,676 | (2,660 | ) | 22,016 | - |
12/16/2003
|
|||||||||||||||||||||||||||||
Brownsville
Commons
|
1,333 | 5,536 | 5 | 1,333 | 5,541 | 6,874 | (366 | ) | 6,508 | - |
05/22/2006
|
|||||||||||||||||||||||||||||
Buena
Vista Marketplace
|
1,958 | 7,832 | 533 | 1,956 | 8,367 | 10,323 | (1,759 | ) | 8,564 | - |
04/02/2001
|
|||||||||||||||||||||||||||||
Bull City
Market
|
930 | 6,651 | 38 | 930 | 6,689 | 7,619 | (596 | ) | 7,023 | - |
06/10/2005
|
|||||||||||||||||||||||||||||
Burbank
Station
|
20,366 | 28,832 | 43 | 20,378 | 28,863 | 49,241 | (1,082 | ) | 48,159 | - |
07/03/2007
|
|||||||||||||||||||||||||||||
Calder Shopping
Center
|
134 | 278 | 368 | 134 | 646 | 780 | (533 | ) | 247 | - |
03/31/1965
|
|||||||||||||||||||||||||||||
Camelback
Village Square
|
- | 8,720 | 525 | - | 9,245 | 9,245 | (3,365 | ) | 5,880 | - |
09/30/1994
|
|||||||||||||||||||||||||||||
Camp
Creek Mktpl II
|
6,169 | 32,036 | 863 | 4,697 | 34,371 | 39,068 | (2,058 | ) | 37,010 | (22,857 | ) |
08/22/2006
|
||||||||||||||||||||||||||||
Capital
Square
|
1,852 | 7,406 | 629 | 1,852 | 8,035 | 9,887 | (1,517 | ) | 8,370 | - |
04/04/2002
|
|||||||||||||||||||||||||||||
Cedar Bayou Shopping
Center
|
63 | 307 | 91 | 63 | 398 | 461 | (360 | ) | 101 | - |
09/20/1977
|
|||||||||||||||||||||||||||||
Centerwood Plaza
|
915 | 3,659 | 1,426 | 914 | 5,086 | 6,000 | (868 | ) | 5,132 | - |
04/02/2001
|
|||||||||||||||||||||||||||||
Central Plaza
|
1,710 | 6,900 | 2,340 | 1,710 | 9,240 | 10,950 | (3,009 | ) | 7,941 | - |
03/03/1998
|
|||||||||||||||||||||||||||||
Centre
at Post Oak
|
13,731 | 115 | 20,865 | 17,874 | 16,837 | 34,711 | (9,621 | ) | 25,090 | - |
12/31/1996
|
|||||||||||||||||||||||||||||
Champions Village
|
7,205 | 36,579 | 43 | 7,205 | 36,622 | 43,827 | (9,953 | ) | 33,874 | - | C |
11/13/2008
|
||||||||||||||||||||||||||||
Charleston
Commons SC
|
23,230 | 36,877 | 1,049 | 23,210 | 37,946 | 61,156 | (1,935 | ) | 59,221 | (31,686 | ) |
12/20/2006
|
||||||||||||||||||||||||||||
Cherokee Plaza
|
22,219 | 9,718 | - | 22,219 | 9,718 | 31,937 | (586 | ) | 31,351 | - | C |
11/13/2008
|
||||||||||||||||||||||||||||
Chino
Hills Marketplace
|
7,218 | 28,872 | 8,798 | 7,234 | 37,654 | 44,888 | (6,544 | ) | 38,344 | (23,303 | ) |
08/20/2002
|
||||||||||||||||||||||||||||
College
Park Shopping Center
|
2,201 | 8,845 | 4,569 | 2,641 | 12,974 | 15,615 | (5,578 | ) | 10,037 | (11,004 | ) |
11/16/1998
|
||||||||||||||||||||||||||||
Colonial Plaza
|
10,806 | 43,234 | 7,853 | 10,813 | 51,080 | 61,893 | (9,625 | ) | 52,268 | - |
02/21/2001
|
Initial
Cost to Company
|
Gross
Amounts at Close of Period
|
|||||||||||||||||||||||||||||||||||||||
Description
|
Land
|
Building
and Improvements
|
Cost
Capitalized Subsequent to Acquisition
|
Land
|
Building
and Improvements
|
Total
(D)
|
Accumulated
Depreciation
|
Total
Costs, Net of Accumulated Depreciation
|
Encumbrances
(A)
|
Date
of Acquisition / Construction
|
||||||||||||||||||||||||||||||
Commons
at Dexter Lake I
|
$ | 2,923 | $ | 12,007 | $ | - | $ | 2,923 | $ | 12,007 | $ | 14,930 | $ | (2,378 | ) | $ | 12,552 | $ | - | C |
11/13/2008
|
|||||||||||||||||||
Commons
at Dexter Lake II
|
2,023 | 6,940 | - | 2,023 | 6,940 | 8,963 | (551 | ) | 8,412 | - | C |
11/13/2008
|
||||||||||||||||||||||||||||
Coronado
Shopping Center
|
246 | 1,009 | 592 | 246 | 1,601 | 1,847 | (973 | ) | 874 | - |
01/03/1992
|
|||||||||||||||||||||||||||||
Countryside
Centre
|
13,908 | 26,387 | 452 | 13,943 | 26,804 | 40,747 | (999 | ) | 39,748 | (26,951 | ) |
07/06/2007
|
||||||||||||||||||||||||||||
Countryside
Centre-Albertson's
|
1,616 | 3,432 | - | 1,616 | 3,432 | 5,048 | (129 | ) | 4,919 | - |
07/06/2007
|
|||||||||||||||||||||||||||||
Creekside
Center
|
1,732 | 6,929 | 833 | 1,730 | 7,764 | 9,494 | (1,501 | ) | 7,993 | - |
04/02/2001
|
|||||||||||||||||||||||||||||
Crossroads
Shopping Center
|
- | 2,083 | 1,428 | - | 3,511 | 3,511 | (3,086 | ) | 425 | - |
05/11/1972
|
|||||||||||||||||||||||||||||
Cullen
Place
|
- | - | 264 | - | 264 | 264 | (175 | ) | 89 | - |
02/17/1966
|
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Cullen
Plaza Shopping Center
|
106 | 2,841 | 168 | 106 | 3,009 | 3,115 | (2,411 | ) | 704 | - | B |
03/20/2008
|
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Custer
Park Shopping Center
|
503 | 2,005 | 8,117 | 2,017 | 8,608 | 10,625 | (3,062 | ) | 7,563 | - |
03/31/2000
|
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Cypress
Pointe
|
3,468 | 8,700 | 288 | 3,468 | 8,988 | 12,456 | (4,631 | ) | 7,825 | - |
04/04/2002
|
|||||||||||||||||||||||||||||
Cypress
Station Square
|
3,736 | 8,374 | (729 | ) | 2,389 | 8,992 | 11,381 | (7,931 | ) | 3,450 | - |
12/06/1972
|
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Dallas
Commons Shopping Center
|
1,582 | 4,969 | 21 | 1,582 | 4,990 | 6,572 | (292 | ) | 6,280 | - |
09/14/2006
|
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Danville
Plaza Shopping Center
|
- | 3,360 | 1,764 | - | 5,124 | 5,124 | (4,673 | ) | 451 | - |
09/30/1960
|
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De
Vargas Shopping Center
|
5,142 | 14,261 | 6,745 | 5,186 | 20,962 | 26,148 | (8,156 | ) | 17,992 | - |
07/23/1999
|
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Discovery
Plaza
|
2,193 | 8,772 | 194 | 2,191 | 8,968 | 11,159 | (1,778 | ) | 9,381 | - |
04/02/2001
|
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Durham
Festival
|
1,924 | 10,020 | 774 | 1,924 | 10,794 | 12,718 | (1,722 | ) | 10,996 | - |
09/30/2003
|
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Eastdale
Shopping Center
|
1,423 | 5,809 | 1,532 | 1,417 | 7,347 | 8,764 | (2,448 | ) | 6,316 | - |
12/31/1997
|
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Eastern
Horizon
|
10,282 | 16 | (496 | ) | 1,569 | 8,233 | 9,802 | (2,653 | ) | 7,149 | - |
12/31/2002
|
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Eastpark
Shopping Center
|
634 | 3,392 | (3,976 | ) | 47 | 3 | 50 | - | 50 | - |
12/31/1970
|
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Edgebrook
Shopping Center
|
183 | 1,914 | 11 | 183 | 1,925 | 2,108 | (1,584 | ) | 524 | - | B |
03/20/2008
|
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El
Camino Shopping Center
|
4,431 | 20,557 | 3,743 | 4,429 | 24,302 | 28,731 | (1,920 | ) | 26,811 | (11,834 | ) |
05/21/2004
|
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Embassy
Lakes Shopping Center
|
2,803 | 11,268 | 146 | 2,803 | 11,414 | 14,217 | (1,774 | ) | 12,443 | - |
12/18/2002
|
|||||||||||||||||||||||||||||
Entrada
de Oro Plaza SC
|
6,041 | 10,511 | 264 | 6,115 | 10,701 | 16,816 | (517 | ) | 16,299 | - |
01/22/2007
|
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Falls
Pointe Shopping Center
|
3,535 | 14,289 | 107 | 3,522 | 14,409 | 17,931 | (2,289 | ) | 15,642 | (10,949 | ) |
12/17/2002
|
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Festival
on Jefferson Court
|
5,041 | 13,983 | 1,357 | 5,041 | 15,340 | 20,381 | (1,645 | ) | 18,736 | - |
12/22/2004
|
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Fiesta
Center
|
- | 4,730 | 336 | - | 5,066 | 5,066 | (3,045 | ) | 2,021 | - |
12/31/1990
|
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Fiesta
Market Place
|
137 | 429 | - | 137 | 429 | 566 | (429 | ) | 137 | - | B |
03/20/2008
|
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Fiesta
Trails
|
8,825 | 32,790 | 1,938 | 8,825 | 34,728 | 43,553 | (4,900 | ) | 38,653 | (24,172 | ) |
09/30/2003
|
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Flamingo
Pines Shopping Center
|
10,403 | 35,014 | 721 | 10,410 | 35,728 | 46,138 | (3,536 | ) | 42,602 | - |
01/28/2005
|
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Food
King Place
|
140 | 212 | 491 | 115 | 728 | 843 | (398 | ) | 445 | - |
06/01/1967
|
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Fountain
Plaza
|
1,319 | 5,276 | 113 | 1,095 | 5,613 | 6,708 | (2,343 | ) | 4,365 | - |
03/10/1994
|
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Francisco
Center
|
1,999 | 7,997 | 3,867 | 2,403 | 11,460 | 13,863 | (4,737 | ) | 9,126 | (9,996 | ) |
11/16/1998
|
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Freedom
Centre
|
2,929 | 15,302 | 4,475 | 6,944 | 15,762 | 22,706 | (852 | ) | 21,854 | (2,176 | ) |
06/23/2006
|
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Galleria
Shopping Center
|
10,795 | 10,339 | 8,134 | 10,804 | 18,464 | 29,268 | (962 | ) | 28,306 | (20,473 | ) |
12/11/2006
|
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Galveston
Place
|
2,713 | 5,522 | 6,229 | 3,279 | 11,185 | 14,464 | (6,811 | ) | 7,653 | (2,487 | ) |
11/30/1983
|
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Gateway
Plaza
|
4,812 | 19,249 | 1,122 | 4,808 | 20,375 | 25,183 | (4,127 | ) | 21,056 | - |
04/02/2001
|
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Gillham
Circle
|
36 | 201 | 236 | 36 | 437 | 473 | (292 | ) | 181 | - |
05/04/1948
|
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Glenbrook
Square Shopping Ctr
|
632 | 3,576 | 121 | 632 | 3,697 | 4,329 | (1,530 | ) | 2,799 | - | B |
03/20/2008
|
||||||||||||||||||||||||||||
Grayson
Commons
|
3,180 | 9,023 | 7 | 3,163 | 9,047 | 12,210 | (942 | ) | 11,268 | (6,950 | ) |
11/09/2004
|
||||||||||||||||||||||||||||
Greenhouse
Marketplace
|
992 | 4,901 | 160 | 992 | 5,061 | 6,053 | (673 | ) | 5,380 | - |
01/28/2004
|
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Greenhouse
Marketplace
|
3,615 | 17,870 | 815 | 3,618 | 18,682 | 22,300 | (2,342 | ) | 19,958 | (12,365 | ) |
01/28/2004
|
||||||||||||||||||||||||||||
Griggs
Road Shopping Center
|
257 | 2,303 | 40 | 257 | 2,343 | 2,600 | (2,086 | ) | 514 | - | B |
03/20/2008
|
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Hallmark
Town Center
|
1,368 | 5,472 | 693 | 1,367 | 6,166 | 7,533 | (1,293 | ) | 6,240 | - |
04/02/2001
|
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Harrisburg
Plaza
|
1,278 | 3,924 | 383 | 1,278 | 4,307 | 5,585 | (3,593 | ) | 1,992 | - | B |
03/20/2008
|
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Harrison
Pointe Center
|
7,173 | 13,493 | 1,051 | 7,153 | 14,564 | 21,717 | (2,011 | ) | 19,706 | - |
01/30/2004
|
Initial
Cost to Company
|
Gross
Amounts at Close of Period
|
|||||||||||||||||||||||||||||||||||||||
Description
|
Land
|
Building
and Improvements
|
Cost
Capitalized Subsequent to Acquisition
|
Land
|
Building
and Improvements
|
Total
(D)
|
Accumulated
Depreciation
|
Total
Costs, Net of Accumulated Depreciation
|
Encumbrances
(A)
|
Date
of Acquisition / Construction
|
||||||||||||||||||||||||||||||
Heights
Plaza Shopping Center
|
$ | 58 | $ | 699 | $ | 1,830 | $ | 612 | $ | 1,975 | $ | 2,587 | $ | (1,061 | ) | $ | 1,526 | $ | - |
06/30/1995
|
||||||||||||||||||||
Heritage
Station
|
6,253 | 3,989 | (305 | ) | 6,139 | 3,798 | 9,937 | (406 | ) | 9,531 | (6,111 | ) |
12/15/2006
|
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High
House Crossing
|
2,576 | 10,305 | 173 | 2,576 | 10,478 | 13,054 | (1,851 | ) | 11,203 | (8,689 | ) |
04/04/2002
|
||||||||||||||||||||||||||||
Highland
Square
|
- | - | 1,887 | - | 1,887 | 1,887 | (194 | ) | 1,693 | - |
10/06/1959
|
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Hollywood
Hills Plaza
|
966 | 3,865 | (202 | ) | 1,400 | 3,229 | 4,629 | (464 | ) | 4,165 | - |
04/29/2003
|
||||||||||||||||||||||||||||
Hollywood
Hills Plaza
|
6,997 | 27,990 | 3,737 | 6,278 | 32,446 | 38,724 | (4,652 | ) | 34,072 | (20,671 | ) |
04/29/2003
|
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Humblewood
Shopping Center
|
2,215 | 4,724 | 2,782 | 1,166 | 8,555 | 9,721 | (7,656 | ) | 2,065 | - |
03/09/1977
|
|||||||||||||||||||||||||||||
I45/Telephone
Rd.
|
678 | 11,182 | 438 | 678 | 11,620 | 12,298 | (3,404 | ) | 8,894 | - | B |
03/20/2008
|
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Independence
Plaza
|
2,006 | 8,318 | 2,447 | 1,995 | 10,776 | 12,771 | (2,935 | ) | 9,836 | - |
12/31/1997
|
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Johnston
Road Plaza
|
3,671 | 11,829 | 18 | 3,673 | 11,845 | 15,518 | (1,067 | ) | 14,451 | (9,912 | ) |
06/10/2005
|
||||||||||||||||||||||||||||
Killeen
Marketplace
|
2,262 | 9,048 | 456 | 2,275 | 9,491 | 11,766 | (1,989 | ) | 9,777 | - |
12/21/2000
|
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Kirby
Strip Center
|
1,201 | 945 | 1 | 1,202 | 945 | 2,147 | (15 | ) | 2,132 | - |
05/27/2008
|
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Kohl's
Shopping Center
|
2,298 | 9,193 | 95 | 2,298 | 9,288 | 11,586 | (2,031 | ) | 9,555 | - |
04/24/2000
|
|||||||||||||||||||||||||||||
Kroger/Fondren
Square
|
1,383 | 2,810 | 726 | 1,387 | 3,532 | 4,919 | (2,895 | ) | 2,024 | - |
09/30/1985
|
|||||||||||||||||||||||||||||
Lake
Pointe Market
|
1,404 | - | 4,122 | 1,960 | 3,566 | 5,526 | (1,530 | ) | 3,996 | - |
12/31/2004
|
|||||||||||||||||||||||||||||
Lake
Washington Square
|
1,232 | 4,928 | 704 | 1,235 | 5,629 | 6,864 | (917 | ) | 5,947 | - |
06/28/2002
|
|||||||||||||||||||||||||||||
Lakeside
Marketplace
|
6,064 | 22,989 | 1,092 | 6,150 | 23,995 | 30,145 | (1,500 | ) | 28,645 | (18,883 | ) |
08/22/2006
|
||||||||||||||||||||||||||||
Largo
Mall
|
10,817 | 40,906 | 1,052 | 10,810 | 41,965 | 52,775 | (5,148 | ) | 47,627 | - |
03/01/2004
|
|||||||||||||||||||||||||||||
Laveen
Village Marketplace
|
1,190 | - | 4,832 | 1,006 | 5,016 | 6,022 | (1,093 | ) | 4,929 | - |
08/15/2003
|
|||||||||||||||||||||||||||||
Lawndale
Shopping Center
|
82 | 927 | 195 | 82 | 1,122 | 1,204 | (848 | ) | 356 | - | B |
03/20/2008
|
||||||||||||||||||||||||||||
League
City Plaza
|
1,918 | 7,592 | 64 | 1,918 | 7,656 | 9,574 | (3,102 | ) | 6,472 | - | B |
03/20/2008
|
||||||||||||||||||||||||||||
Leesville
Towne Centre
|
7,183 | 17,162 | 321 | 7,183 | 17,483 | 24,666 | (2,194 | ) | 22,472 | (10,066 | ) |
01/30/2004
|
||||||||||||||||||||||||||||
Little
Brier Creek
|
942 | 3,393 | 303 | 1,433 | 3,205 | 4,638 | (220 | ) | 4,418 | - |
07/10/2006
|
|||||||||||||||||||||||||||||
Little
York Plaza Shopping Ctr
|
342 | 5,170 | 283 | 342 | 5,453 | 5,795 | (4,028 | ) | 1,767 | - | B |
03/20/2008
|
||||||||||||||||||||||||||||
Lone
Star Pavilion
|
2,186 | 10,341 | 58 | 2,221 | 10,364 | 12,585 | (2,388 | ) | 10,197 | (5,500 | ) |
04/30/2004
|
||||||||||||||||||||||||||||
Lynnwood
Collection S/C
|
2,231 | 8,477 | 548 | 2,231 | 9,025 | 11,256 | (1,035 | ) | 10,221 | - |
12/03/2004
|
|||||||||||||||||||||||||||||
Lyons
Avenue Shopping Center
|
249 | 1,183 | 23 | 249 | 1,206 | 1,455 | (994 | ) | 461 | - | B |
03/20/2008
|
||||||||||||||||||||||||||||
Madera
Village Shopping Center
|
3,788 | 13,507 | 352 | 3,816 | 13,831 | 17,647 | (627 | ) | 17,020 | (9,825 | ) |
03/13/2007
|
||||||||||||||||||||||||||||
Manhattan
Plaza
|
4,645 | - | 19,886 | 5,000 | 19,531 | 24,531 | (5,028 | ) | 19,503 | - |
12/31/2004
|
|||||||||||||||||||||||||||||
Market
at Southside
|
953 | 3,813 | 821 | 958 | 4,629 | 5,587 | (1,269 | ) | 4,318 | - |
08/28/2000
|
|||||||||||||||||||||||||||||
Market
at Town Center-Sgrlnd
|
8,600 | 26,627 | 16,929 | 8,600 | 43,556 | 52,156 | (12,066 | ) | 40,090 | - |
12/23/1996
|
|||||||||||||||||||||||||||||
Market
at Westchase SC
|
1,199 | 5,821 | 2,074 | 1,415 | 7,679 | 9,094 | (4,338 | ) | 4,756 | - |
02/15/1991
|
|||||||||||||||||||||||||||||
Market
Street Shopping Center
|
424 | 1,271 | 1,320 | 424 | 2,591 | 3,015 | (1,446 | ) | 1,569 | - |
04/26/1978
|
|||||||||||||||||||||||||||||
Marketplace
at Seminole Towne
|
15,067 | 53,743 | 1,779 | 21,734 | 48,855 | 70,589 | (2,857 | ) | 67,732 | (45,140 | ) |
08/21/2006
|
||||||||||||||||||||||||||||
Markham
Square Shopping Center
|
1,236 | 3,075 | 1,763 | 1,139 | 4,935 | 6,074 | (4,222 | ) | 1,852 | - |
06/18/1974
|
|||||||||||||||||||||||||||||
Markham
West Shopping Center
|
2,694 | 10,777 | 3,747 | 2,696 | 14,522 | 17,218 | (4,062 | ) | 13,156 | - |
09/18/1998
|
|||||||||||||||||||||||||||||
Marshall's
Plaza
|
1,802 | 12,315 | 467 | 1,804 | 12,780 | 14,584 | (1,188 | ) | 13,396 | (6,540 | ) |
06/01/2005
|
||||||||||||||||||||||||||||
Mendenhall
Commons
|
2,655 | 9,165 | 47 | 2,655 | 9,212 | 11,867 | (574 | ) | 11,293 | - | C |
11/13/2008
|
||||||||||||||||||||||||||||
Menifee
Town Center
|
1,827 | 7,307 | 4,301 | 1,824 | 11,611 | 13,435 | (2,021 | ) | 11,414 | - |
04/02/2001
|
|||||||||||||||||||||||||||||
Millpond
Center
|
3,155 | 9,706 | 954 | 3,161 | 10,654 | 13,815 | (1,014 | ) | 12,801 | (865 | ) |
07/28/2005
|
||||||||||||||||||||||||||||
Mineral
Springs Village
|
794 | 3,175 | 194 | 794 | 3,369 | 4,163 | (640 | ) | 3,523 | - |
04/04/2002
|
|||||||||||||||||||||||||||||
Mission
Center
|
1,237 | 4,949 | 5,896 | 2,120 | 9,962 | 12,082 | (3,635 | ) | 8,447 | - |
12/18/1995
|
|||||||||||||||||||||||||||||
Mktplace
at Seminole Outparcel
|
1,000 | - | 137 | 1,020 | 117 | 1,137 | - | 1,137 | - |
08/21/2006
|
||||||||||||||||||||||||||||||
Monte
Vista Village Center
|
1,485 | 58 | 4,895 | 755 | 5,683 | 6,438 | (1,570 | ) | 4,868 | - |
12/31/2004
|
|||||||||||||||||||||||||||||
Montgomery
Plaza Shopping Ctr.
|
2,500 | 9,961 | 9,139 | 2,884 | 18,716 | 21,600 | (7,662 | ) | 13,938 | - |
06/09/1993
|
|||||||||||||||||||||||||||||
Moore
Plaza
|
6,445 | 26,140 | 5,666 | 6,487 | 31,764 | 38,251 | (10,049 | ) | 28,202 | - |
03/20/1998
|
Initial
Cost to Company
|
Gross
Amounts at Close of Period
|
|||||||||||||||||||||||||||||||||||||||
Description
|
Land
|
Building
and Improvements
|
Cost
Capitalized Subsequent to Acquisition
|
Land
|
Building
and Improvements
|
Total
(D)
|
Accumulated
Depreciation
|
Total
Costs, Net of Accumulated Depreciation
|
Encumbrances
(A)
|
Date
of Acquisition / Construction
|
||||||||||||||||||||||||||||||
New
Boston Rd. Shopping Center
|
$ | 329 | $ | 2,152 | $ | 1,396 | $ | 329 | $ | 3,548 | $ | 3,877 | $ | (3,098 | ) | $ | 779 | $ | - |
06/01/1959
|
||||||||||||||||||||
North
Creek Plaza
|
6,915 | 25,625 | 865 | 6,954 | 26,451 | 33,405 | (2,975 | ) | 30,430 | (3,745 | ) |
08/19/2004
|
||||||||||||||||||||||||||||
North
Main Place
|
68 | 53 | 522 | 68 | 575 | 643 | (275 | ) | 368 | - |
06/29/1976
|
|||||||||||||||||||||||||||||
North
Oaks Shopping Center
|
3,644 | 22,040 | 1,848 | 3,644 | 23,888 | 27,532 | (16,629 | ) | 10,903 | - | B |
03/20/2008
|
||||||||||||||||||||||||||||
North
Towne Plaza
|
960 | 3,928 | 6,081 | 879 | 10,090 | 10,969 | (4,985 | ) | 5,984 | - |
02/15/1990
|
|||||||||||||||||||||||||||||
North
Triangle Shops
|
- | 431 | 218 | 15 | 634 | 649 | (341 | ) | 308 | - |
01/15/1977
|
|||||||||||||||||||||||||||||
Northbrook
Shopping Center
|
1,629 | 4,489 | 2,877 | 1,713 | 7,282 | 8,995 | (6,128 | ) | 2,867 | - |
11/06/1967
|
|||||||||||||||||||||||||||||
Northridge
Shopping Center
|
7,087 | 28,361 | 2,966 | 7,102 | 31,312 | 38,414 | (5,751 | ) | 32,663 | - |
03/25/2002
|
|||||||||||||||||||||||||||||
Northwoods
Shopping Center
|
1,768 | 7,071 | 163 | 1,772 | 7,230 | 9,002 | (1,277 | ) | 7,725 | - |
04/04/2002
|
|||||||||||||||||||||||||||||
Oak
Forest Shopping Center
|
760 | 2,726 | 2,338 | 748 | 5,076 | 5,824 | (4,154 | ) | 1,670 | - |
12/30/1976
|
|||||||||||||||||||||||||||||
Oak
Grove Market Center
|
5,758 | 10,508 | (313 | ) | 5,861 | 10,092 | 15,953 | (437 | ) | 15,516 | (7,358 | ) |
06/15/2007
|
|||||||||||||||||||||||||||
Oak
Park Village
|
678 | 3,332 | - | 678 | 3,332 | 4,010 | (1,338 | ) | 2,672 | - | C |
11/13/2008
|
||||||||||||||||||||||||||||
Oracle
Crossing
|
4,614 | 18,274 | 21,180 | 10,582 | 33,486 | 44,068 | (1,279 | ) | 42,789 | - |
01/22/2007
|
|||||||||||||||||||||||||||||
Oracle
Wetmore Shopping Center
|
24,686 | 26,878 | 2,342 | 23,102 | 30,804 | 53,906 | (1,476 | ) | 52,430 | - |
01/22/2007
|
|||||||||||||||||||||||||||||
Orchard
Green Shopping Center
|
777 | 1,477 | 1,760 | 786 | 3,228 | 4,014 | (2,073 | ) | 1,941 | - |
10/11/1973
|
|||||||||||||||||||||||||||||
Orleans
Station
|
165 | - | 57 | 185 | 37 | 222 | (37 | ) | 185 | - |
06/29/1976
|
|||||||||||||||||||||||||||||
Overton
Park Plaza
|
9,266 | 37,789 | 894 | 9,264 | 38,685 | 47,949 | (5,094 | ) | 42,855 | - |
10/24/2003
|
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Palmer
Plaza
|
765 | 3,081 | 2,347 | 827 | 5,366 | 6,193 | (3,172 | ) | 3,021 | - |
07/31/1980
|
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Palmilla
Center
|
1,258 | - | 12,649 | 3,280 | 10,627 | 13,907 | (4,439 | ) | 9,468 | - |
12/31/2002
|
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Paradise
Marketplace
|
2,153 | 8,612 | 744 | 2,155 | 9,354 | 11,509 | (3,464 | ) | 8,045 | - |
07/20/1995
|
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Park
Plaza Shopping Center
|
257 | 7,815 | 864 | 314 | 8,622 | 8,936 | (7,570 | ) | 1,366 | - |
01/24/1975
|
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Parkway
Pointe
|
1,252 | 5,010 | 578 | 1,260 | 5,580 | 6,840 | (1,208 | ) | 5,632 | (1,779 | ) |
06/29/2001
|
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Parliament
Square II
|
2 | 10 | 1,176 | 3 | 1,185 | 1,188 | (168 | ) | 1,020 | - |
06/24/2005
|
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Parliament
Square Shopping Ctr
|
443 | 1,959 | 1,047 | 443 | 3,006 | 3,449 | (1,610 | ) | 1,839 | - |
03/18/1992
|
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Pavilions
at San Mateo
|
3,272 | 26,215 | 378 | 5,181 | 24,684 | 29,865 | (5,253 | ) | 24,612 | (14,000 | ) |
04/30/2004
|
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Pembroke
Commons
|
6,401 | 25,420 | 3,127 | 6,419 | 28,529 | 34,948 | (6,332 | ) | 28,616 | - |
12/01/1999
|
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Perimeter
Village
|
29,701 | 42,337 | (2,506 | ) | 34,404 | 35,128 | 69,532 | (1,465 | ) | 68,067 | - |
07/03/2007
|
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Phelan
West Shopping Center
|
401 | - | 1,221 | 414 | 1,208 | 1,622 | (531 | ) | 1,091 | - |
06/03/1998
|
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Pinecrest
Plaza Shopping Ctr
|
5,837 | 19,166 | 782 | 5,837 | 19,948 | 25,785 | (1,974 | ) | 23,811 | (10,912 | ) |
04/06/2005
|
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Pitman
Corners
|
2,686 | 10,745 | 1,469 | 2,693 | 12,207 | 14,900 | (2,335 | ) | 12,565 | (9,308 | ) |
04/08/2002
|
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Plantation
Centre
|
3,463 | 14,821 | 291 | 3,471 | 15,104 | 18,575 | (1,644 | ) | 16,931 | (4,672 | ) |
08/19/2004
|
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Portairs
Shopping Center
|
902 | 3,720 | 2,630 | 902 | 6,350 | 7,252 | (4,770 | ) | 2,482 | - |
07/21/1988
|
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Prien
Lake Plaza
|
63 | 960 | 76 | 41 | 1,058 | 1,099 | (24 | ) | 1,075 | - |
07/26/2007
|
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Promenade Shopping
Center
|
1,058 | 4,248 | 491 | 941 | 4,856 | 5,797 | (954 | ) | 4,843 | (3,965 | ) |
03/18/2004
|
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Prospector's
Plaza
|
3,746 | 14,985 | 566 | 3,716 | 15,581 | 19,297 | (3,088 | ) | 16,209 | - |
04/02/2001
|
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Publix
at Laguna Isles
|
2,913 | 9,554 | 103 | 2,914 | 9,656 | 12,570 | (1,283 | ) | 11,287 | (7,772 | ) |
10/31/2003
|
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Publix
at Princeton Lakes
|
2,740 | 10,519 | 384 | 2,192 | 11,451 | 13,643 | (684 | ) | 12,959 | (7,950 | ) |
08/22/2006
|
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Pueblo
Anozira Shopping Center
|
2,750 | 11,000 | 3,582 | 2,768 | 14,564 | 17,332 | (5,360 | ) | 11,972 | - |
06/16/1994
|
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Rainbow
Plaza
|
6,059 | 24,234 | 1,337 | 6,081 | 25,549 | 31,630 | (7,401 | ) | 24,229 | - |
10/22/1997
|
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Rainbow
Plaza I
|
3,883 | 15,540 | 411 | 3,896 | 15,938 | 19,834 | (3,379 | ) | 16,455 | - |
12/28/2000
|
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Rancho
Encanto
|
957 | 3,829 | 4,112 | 962 | 7,936 | 8,898 | (1,403 | ) | 7,495 | - |
04/28/1997
|
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Rancho
San Marcos Village
|
3,533 | 14,138 | 3,792 | 3,887 | 17,576 | 21,463 | (2,649 | ) | 18,814 | - |
02/26/2003
|
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Rancho
Towne & Country
|
1,161 | 4,647 | 319 | 1,166 | 4,961 | 6,127 | (1,793 | ) | 4,334 | - |
10/16/1995
|
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Randalls
Center/Kings Crossing
|
3,570 | 8,147 | - | 3,570 | 8,147 | 11,717 | (3,902 | ) | 7,815 | - | C |
11/13/2008
|
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Randall's/Norchester
Village
|
1,852 | 4,510 | 1,189 | 1,904 | 5,647 | 7,551 | (3,843 | ) | 3,708 | - |
09/30/1991
|
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Ravenstone
Commons
|
2,616 | 7,986 | (180 | ) | 2,580 | 7,842 | 10,422 | (751 | ) | 9,671 | (6,035 | ) |
03/22/2005
|
Initial
Cost to Company
|
Gross
Amounts at Close of Period
|
|||||||||||||||||||||||||||||||||||||||
Description
|
Land
|
Building
and Improvements
|
Cost
Capitalized Subsequent to Acquisition
|
Land
|
Building
and Improvements
|
Total
(D)
|
Accumulated
Depreciation
|
Total
Costs, Net of Accumulated Depreciation
|
Encumbrances
(A)
|
Date
of Acquisition / Construction
|
||||||||||||||||||||||||||||||
Red
Mountain Gateway
|
$ | 2,166 | $ | 89 | $ | 9,146 | $ | 2,737 | $ | 8,664 | $ | 11,401 | $ | (2,578 | ) | $ | 8,823 | $ | - |
12/31/2003
|
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Regency
Centre
|
3,791 | 15,390 | 664 | 2,180 | 17,665 | 19,845 | (1,113 | ) | 18,732 | (9,675 | ) |
07/28/2006
|
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Regency
Panera Tract
|
1,825 | 3,126 | 65 | 1,400 | 3,616 | 5,016 | (218 | ) | 4,798 | - |
07/28/2006
|
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Reynolds
Shops Shopping Center
|
4,276 | 9,186 | 34 | 4,276 | 9,220 | 13,496 | (548 | ) | 12,948 | - |
09/14/2006
|
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Richmond
Square
|
1,993 | 953 | 1,685 | 2,966 | 1,665 | 4,631 | (915 | ) | 3,716 | - |
12/31/1996
|
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River
Oaks Shopping Center
|
1,354 | 1,946 | 349 | 1,363 | 2,286 | 3,649 | (1,871 | ) | 1,778 | - |
12/04/1992
|
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River
Oaks Shopping Center
|
3,534 | 17,741 | 20,776 | 3,979 | 38,072 | 42,051 | (14,199 | ) | 27,852 | - |
12/04/1992
|
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Rockwall
Market Center
|
5,344 | 22,700 | 252 | 5,341 | 22,955 | 28,296 | (4,681 | ) | 23,615 | (12,500 | ) |
04/30/2004
|
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Rose-Rich
Shopping Center
|
502 | 2,738 | 2,825 | 502 | 5,563 | 6,065 | (4,730 | ) | 1,335 | - |
03/01/1982
|
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Roswell
Corners
|
5,835 | 20,465 | 688 | 5,835 | 21,153 | 26,988 | (2,495 | ) | 24,493 | (10,636 | ) |
06/24/2004
|
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Roswell
Corners
|
301 | 982 | - | 301 | 982 | 1,283 | (113 | ) | 1,170 | - |
06/24/2004
|
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San
Marcos Plaza
|
1,360 | 5,439 | 184 | 1,358 | 5,625 | 6,983 | (1,145 | ) | 5,838 | - |
04/02/2001
|
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Sandy
Plains Exchange
|
2,468 | 7,549 | 171 | 2,469 | 7,719 | 10,188 | (1,080 | ) | 9,108 | (6,299 | ) |
10/17/2003
|
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Scottsdale
Horizon
|
- | 3,241 | 18 | 1 | 3,258 | 3,259 | (156 | ) | 3,103 | - |
01/22/2007
|
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Shasta
Crossroads
|
2,844 | 11,377 | 194 | 2,842 | 11,573 | 14,415 | (2,298 | ) | 12,117 | - |
04/02/2001
|
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Shawnee
Village S/C
|
1,470 | 5,881 | 2,172 | 1,333 | 8,190 | 9,523 | (2,677 | ) | 6,846 | (6,610 | ) |
04/19/1996
|
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Sheldon
Forest Shopping Center
|
374 | 635 | 254 | 354 | 909 | 1,263 | (743 | ) | 520 | - |
05/14/1970
|
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Sheldon
Forest Shopping Center
|
629 | 1,955 | 800 | 629 | 2,755 | 3,384 | (2,543 | ) | 841 | - |
05/14/1970
|
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Shoppes
at Bears Path
|
3,252 | 5,503 | 445 | 3,290 | 5,910 | 9,200 | (268 | ) | 8,932 | (3,373 | ) |
03/13/2007
|
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Shoppes
of Parkland
|
5,413 | 16,726 | 882 | 9,506 | 13,515 | 23,021 | (948 | ) | 22,073 | (15,745 | ) |
05/31/2006
|
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Shoppes
of South Semoran
|
4,283 | 9,785 | (96 | ) | 5,508 | 8,464 | 13,972 | (310 | ) | 13,662 | (9,855 | ) |
08/31/2007
|
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Shops
at Three Corners
|
6,215 | 9,303 | 5,259 | 6,224 | 14,553 | 20,777 | (6,725 | ) | 14,052 | - |
12/31/1989
|
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Silver
Creek Plaza
|
3,231 | 12,924 | 2,702 | 3,228 | 15,629 | 18,857 | (3,333 | ) | 15,524 | - |
04/02/2001
|
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Six
Forks Shopping Center
|
6,678 | 26,759 | 2,711 | 6,728 | 29,420 | 36,148 | (5,245 | ) | 30,903 | - |
04/04/2002
|
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South
Semoran - Pad
|
1,056 | - | 21 | 1,077 | - | 1,077 | - | 1,077 | - |
09/06/2007
|
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Southampton
Center
|
4,337 | 17,349 | 693 | 4,333 | 18,046 | 22,379 | (3,649 | ) | 18,730 | - |
04/02/2001
|
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Southgate
Shopping Center
|
127 | 116 | 84 | 127 | 200 | 327 | (157 | ) | 170 | - |
10/15/1948
|
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Southgate
Shopping Center
|
571 | 3,402 | 4,287 | 531 | 7,729 | 8,260 | (5,690 | ) | 2,570 | - |
03/26/1958
|
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Southgate
Shopping Center
|
232 | 8,389 | 144 | 232 | 8,533 | 8,765 | (4,643 | ) | 4,122 | - | B |
03/20/2008
|
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Spring
Plaza Shopping Center
|
863 | 2,288 | 46 | 863 | 2,334 | 3,197 | (2,043 | ) | 1,154 | - | B |
03/20/2008
|
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Squaw
Peak Plaza
|
816 | 3,266 | 868 | 818 | 4,132 | 4,950 | (1,330 | ) | 3,620 | - |
12/20/1994
|
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Steele
Creek Crossing
|
310 | 11,774 | 3,210 | 3,281 | 12,013 | 15,294 | (1,159 | ) | 14,135 | (7,719 | ) |
06/10/2005
|
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Steeplechase
|
1,492 | 6,034 | 3,143 | 1,489 | 9,180 | 10,669 | (3,468 | ) | 7,201 | - |
07/28/1993
|
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Stella Link Shopping
Center
|
227 | 423 | 1,489 | 294 | 1,845 | 2,139 | (1,486 | ) | 653 | - |
07/10/1970
|
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Stella
Link Shopping Center
|
2,602 | 1,418 | 4 | 2,602 | 1,422 | 4,024 | (48 | ) | 3,976 | - |
08/21/2007
|
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Stonehenge
Market
|
4,740 | 19,001 | 1,122 | 4,740 | 20,123 | 24,863 | (3,726 | ) | 21,137 | (7,177 | ) |
04/04/2002
|
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Stony
Point Plaza
|
3,489 | 13,957 | 607 | 3,453 | 14,600 | 18,053 | (2,914 | ) | 15,139 | - |
04/02/2001
|
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Studewood
Shopping Center
|
261 | 552 | - | 261 | 552 | 813 | (552 | ) | 261 | - |
05/25/1984
|
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Summer
Center
|
2,379 | 8,343 | 3,697 | 2,396 | 12,023 | 14,419 | (2,155 | ) | 12,264 | - |
05/15/2001
|
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Summerhill
Plaza
|
1,945 | 7,781 | 1,630 | 1,943 | 9,413 | 11,356 | (2,018 | ) | 9,338 | - |
04/02/2001
|
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Sunset
19 Shopping Center
|
5,519 | 22,076 | 399 | 5,547 | 22,447 | 27,994 | (4,104 | ) | 23,890 | (13,509 | ) |
10/29/2001
|
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Sunset
Shopping Center
|
1,121 | 4,484 | 868 | 1,120 | 5,353 | 6,473 | (1,166 | ) | 5,307 | - |
04/02/2001
|
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Tamiami
Trail Shops
|
3,269 | 13,075 | 1,513 | 3,391 | 14,466 | 17,857 | (2,000 | ) | 15,857 | - |
06/30/2003
|
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Tates
Creek Centre
|
4,802 | 25,366 | 2,037 | 6,302 | 25,903 | 32,205 | (3,254 | ) | 28,951 | - |
03/01/2004
|
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Taylorsville
Town Center
|
2,179 | 9,718 | 618 | 2,180 | 10,335 | 12,515 | (1,431 | ) | 11,084 | - |
12/19/2003
|
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Texas
City Plaza
|
143 | 117 | (117 | ) | 143 | - | 143 | - | 143 | - |
05/04/1948
|
Initial
Cost to Company
|
Gross
Amounts at Close of Period
|
|||||||||||||||||||||||||||||||||||||||
Description
|
Land
|
Building
and Improvements
|
Cost
Capitalized Subsequent to Acquisition
|
Land
|
Building
and Improvements
|
Total
(D)
|
Accumulated
Depreciation
|
Total
Costs, Net of Accumulated Depreciation
|
Encumbrances
(A)
|
Date
of Acquisition / Construction
|
||||||||||||||||||||||||||||||
The
Plaza at Cottonwood
|
$ | 3,061 | $ | 12,613 | $ | 23 | $ | 3,061 | $ | 12,636 | $ | 15,697 | $ | (1,317 | ) | $ | 14,380 | $ | (9,177 | ) |
10/27/2004
|
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The
Village Arcade
|
- | 6,657 | 564 | - | 7,221 | 7,221 | (4,120 | ) | 3,101 | - |
12/31/1992
|
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Thompson
Bridge Commons
|
3,045 | 9,264 | 3,545 | 3,016 | 12,838 | 15,854 | (924 | ) | 14,930 | (6,510 | ) |
04/26/2005
|
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Thousand
Oaks Shopping Center
|
2,973 | 13,142 | 4 | 2,973 | 13,146 | 16,119 | (1,983 | ) | 14,136 | - | B |
03/20/2008
|
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TJ
Maxx Plaza
|
3,400 | 19,283 | 740 | 3,430 | 19,993 | 23,423 | (2,487 | ) | 20,936 | - |
03/01/2004
|
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Town
& Country Shopping Center
|
2,512 | 2,744 | (3,904 | ) | 300 | 1,052 | 1,352 | (865 | ) | 487 | - |
01/05/1988
|
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Town
& Country Shopping Center
|
- | 3,891 | 3,716 | - | 7,607 | 7,607 | (4,184 | ) | 3,423 | - |
01/31/1989
|
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Town
and Country - Hammond, LA
|
1,030 | 7,404 | 203 | 1,029 | 7,608 | 8,637 | (3,869 | ) | 4,768 | - |
12/30/1997
|
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Tropicana
Beltway Center
|
13,947 | 42,186 | 25 | 13,949 | 42,209 | 56,158 | (4,253 | ) | 51,905 | (34,955 | ) |
11/20/2007
|
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Tropicana
Marketplace
|
2,118 | 8,477 | 645 | 2,120 | 9,120 | 11,240 | (3,316 | ) | 7,924 | - |
07/24/1995
|
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Tyler
Shopping Center
|
5 | 21 | 3,662 | 300 | 3,388 | 3,688 | (1,711 | ) | 1,977 | - |
12/31/2002
|
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Uintah
Gardens
|
2,209 | 13,051 | 2,101 | 2,205 | 15,156 | 17,361 | (1,195 | ) | 16,166 | (6,305 | ) |
12/22/2005
|
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University
Palms Shopping Ctr
|
2,765 | 10,181 | - | 2,765 | 10,181 | 12,946 | (1,406 | ) | 11,540 | - | C |
11/13/2008
|
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University
Plaza
|
1,360 | 5,439 | 3,202 | 1,362 | 8,639 | 10,001 | (3,468 | ) | 6,533 | - |
03/18/1996
|
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Val
Vista Towne Center
|
2,614 | 8 | 8,000 | 2,985 | 7,637 | 10,622 | (3,469 | ) | 7,153 | - |
12/31/2001
|
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Valley
Shopping Center
|
4,293 | 13,736 | 401 | 8,170 | 10,260 | 18,430 | (720 | ) | 17,710 | - |
04/07/2006
|
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Valley
View Shopping Center
|
1,006 | 3,980 | 1,999 | 1,006 | 5,979 | 6,985 | (2,516 | ) | 4,469 | - |
11/20/1996
|
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Venice
Pines Shopping Center
|
1,432 | 5,730 | 69 | 1,077 | 6,154 | 7,231 | (1,241 | ) | 5,990 | - |
06/06/2001
|
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Village
Arcade II Phase III
|
- | 16 | 14,975 | - | 14,991 | 14,991 | (6,782 | ) | 8,209 | - |
12/31/1996
|
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Village
Arcade-Phase II
|
- | 787 | 134 | - | 921 | 921 | (501 | ) | 420 | - |
12/31/1992
|
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Vizcaya
Square Shopping Center
|
3,044 | 12,226 | 217 | 3,044 | 12,443 | 15,487 | (1,911 | ) | 13,576 | - |
12/18/2002
|
|||||||||||||||||||||||||||||
West
Jordan Town Center
|
4,306 | 17,776 | 1,515 | 4,308 | 19,289 | 23,597 | (2,411 | ) | 21,186 | (14,482 | ) |
12/19/2003
|
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Westchase
Shopping Center
|
3,085 | 7,920 | 5,814 | 3,189 | 13,630 | 16,819 | (10,580 | ) | 6,239 | (14,061 | ) |
08/29/1978
|
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Westgate
Shopping Center
|
245 | 1,425 | 379 | 245 | 1,804 | 2,049 | (1,592 | ) | 457 | - |
07/02/1965
|
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Westhill
Village Shopping Ctr.
|
408 | 3,002 | 4,387 | 437 | 7,360 | 7,797 | (4,459 | ) | 3,338 | - |
05/01/1958
|
|||||||||||||||||||||||||||||
Westland
Fair
|
6,715 | 10,506 | 2,799 | 6,735 | 13,285 | 20,020 | (3,280 | ) | 16,740 | - |
12/29/2000
|
|||||||||||||||||||||||||||||
Westland
Fair
|
20,847 | - | 7,180 | 20,999 | 7,028 | 28,027 | (3,458 | ) | 24,569 | - |
12/29/2000
|
|||||||||||||||||||||||||||||
Westland
Terrace Plaza
|
1,649 | 6,768 | 2,587 | 2,526 | 8,478 | 11,004 | (902 | ) | 10,102 | - |
10/22/2003
|
|||||||||||||||||||||||||||||
Westminster
Center
|
11,215 | 44,871 | 5,047 | 11,204 | 49,929 | 61,133 | (9,824 | ) | 51,309 | - |
04/02/2001
|
|||||||||||||||||||||||||||||
Westminster
Plaza
|
1,759 | 7,036 | 387 | 1,759 | 7,423 | 9,182 | (1,212 | ) | 7,970 | (6,405 | ) |
06/21/2002
|
||||||||||||||||||||||||||||
Westmont
Shopping Center
|
940 | 3,929 | 1,338 | 966 | 5,241 | 6,207 | (4,965 | ) | 1,242 | - |
04/28/1971
|
|||||||||||||||||||||||||||||
Westwood
Village Shopping Ctr.
|
- | 6,968 | 1,810 | - | 8,778 | 8,778 | (7,199 | ) | 1,579 | (2,115 | ) |
08/25/1978
|
||||||||||||||||||||||||||||
Whitehall
Commons
|
2,529 | 6,901 | 73 | 2,522 | 6,981 | 9,503 | (599 | ) | 8,904 | (4,987 | ) |
10/06/2005
|
||||||||||||||||||||||||||||
Winter
Park Corners
|
2,159 | 8,636 | 165 | 2,159 | 8,801 | 10,960 | (1,662 | ) | 9,298 | - |
09/06/2001
|
|||||||||||||||||||||||||||||
Wolflin
Village Shopping Ctr
|
846 | 4,374 | 2,258 | 695 | 6,783 | 7,478 | (4,158 | ) | 3,320 | - |
01/03/1992
|
|||||||||||||||||||||||||||||
Wyoming
Mall
|
1,919 | 7,678 | 4,324 | 2,193 | 11,728 | 13,921 | (705 | ) | 13,216 | - |
03/31/1995
|
|||||||||||||||||||||||||||||
834,296 | 2,563,697 | 502,512 | 868,516 | 3,031,989 | 3,900,505 | (703,504 | ) | 3,197,001 | (703,163 | ) | ||||||||||||||||||||||||||||||
Industrial:
|
||||||||||||||||||||||||||||||||||||||||
1625
Diplomat Drive
|
506 | 3,107 | 78 | 508 | 3,183 | 3,691 | (244 | ) | 3,447 | - |
12/22/2005
|
|||||||||||||||||||||||||||||
1801
Massaro
|
865 | 3,461 | (83 | ) | 671 | 3,572 | 4,243 | (511 | ) | 3,732 | - |
04/24/2003
|
||||||||||||||||||||||||||||
3500
Atlanta Industrial Pkwy
|
770 | 795 | 28 | 770 | 823 | 1,593 | (87 | ) | 1,506 | - |
10/14/2004
|
|||||||||||||||||||||||||||||
3550
Southside Industrial Pkwy
|
449 | 1,666 | - | 449 | 1,666 | 2,115 | (198 | ) | 1,917 | - |
05/04/2004
|
|||||||||||||||||||||||||||||
610
and 11th Street Warehouses
|
253 | 3,593 | (906 | ) | 76 | 2,864 | 2,940 | (1,762 | ) | 1,178 | - |
09/13/1974
|
||||||||||||||||||||||||||||
Atlanta
Industrial Park
|
1,946 | 7,785 | 1,832 | 2,078 | 9,485 | 11,563 | (1,530 | ) | 10,033 | (850 | ) |
02/19/2003
|
Initial
Cost to Company
|
Gross
Amounts at Close of Period
|
|||||||||||||||||||||||||||||||||||||||
Description
|
Land
|
Building
and Improvements
|
Cost
Capitalized Subsequent to Acquisition
|
Land
|
Building
and Improvements
|
Total
(D)
|
Accumulated
Depreciation
|
Total
Costs, Net of Accumulated Depreciation
|
Encumbrances
(A)
|
Date
of Acquisition / Construction
|
||||||||||||||||||||||||||||||
Atlanta
Industrial Park
|
$ | 657 | $ | 2,626 | $ | 200 | $ | 479 | $ | 3,004 | $ | 3,483 | $ | (487 | ) | $ | 2,996 | $ | - |
02/19/2003
|
||||||||||||||||||||
Beltway
8 at West Bellfort
|
674 | - | 8,709 | 784 | 8,599 | 9,383 | (3,979 | ) | 5,404 | - |
12/31/2001
|
|||||||||||||||||||||||||||||
Blankenship
Distribution Cntr.
|
271 | 1,097 | 632 | 273 | 1,727 | 2,000 | (641 | ) | 1,359 | - |
08/07/1998
|
|||||||||||||||||||||||||||||
Braker
2 Business Center
|
394 | 1,574 | 323 | 394 | 1,897 | 2,291 | (472 | ) | 1,819 | - |
09/28/2000
|
|||||||||||||||||||||||||||||
Brookhollow
Business Center
|
734 | 2,938 | 1,972 | 736 | 4,908 | 5,644 | (2,258 | ) | 3,386 | - |
07/27/1995
|
|||||||||||||||||||||||||||||
Central
Park N/W Ph 6
|
697 | 2,786 | 3,200 | 700 | 5,983 | 6,683 | (3,117 | ) | 3,566 | - |
12/17/1992
|
|||||||||||||||||||||||||||||
Central
Park N/W Ph VII
|
433 | 1,735 | 1,876 | 433 | 3,611 | 4,044 | (1,760 | ) | 2,284 | - |
03/29/1994
|
|||||||||||||||||||||||||||||
Central
Plano Business Park
|
1,343 | 5,578 | 433 | 1,344 | 6,010 | 7,354 | (578 | ) | 6,776 | - |
09/28/2005
|
|||||||||||||||||||||||||||||
Corporate
Center Park
|
1,027 | 4,114 | 2,490 | 1,027 | 6,604 | 7,631 | (2,436 | ) | 5,195 | - |
05/23/1997
|
|||||||||||||||||||||||||||||
Crestview
|
7,424 | 555 | (7,140 | ) | 206 | 633 | 839 | (538 | ) | 301 | - |
11/10/1980
|
||||||||||||||||||||||||||||
Crosspoint
Warehouse
|
441 | 1,762 | 195 | 441 | 1,957 | 2,398 | (475 | ) | 1,923 | - |
12/23/1998
|
|||||||||||||||||||||||||||||
Enterchange
at Northlake A
|
4,051 | 7,804 | (95 | ) | 1,624 | 10,136 | 11,760 | (422 | ) | 11,338 | - |
04/20/2007
|
||||||||||||||||||||||||||||
Enterchange
at Walthall D
|
3,190 | 7,618 | 6,025 | 2,493 | 14,340 | 16,833 | (572 | ) | 16,261 | - |
04/20/2007
|
|||||||||||||||||||||||||||||
Freeport
Business Center
|
3,196 | 10,032 | 868 | 3,203 | 10,893 | 14,096 | (918 | ) | 13,178 | - |
07/22/2005
|
|||||||||||||||||||||||||||||
Freeport
Commerce Center
|
598 | 2,918 | 639 | 1,536 | 2,619 | 4,155 | (193 | ) | 3,962 | - |
11/29/2006
|
|||||||||||||||||||||||||||||
Hopewell
Industrial Center
|
926 | 8,074 | 129 | 2,740 | 6,389 | 9,129 | (343 | ) | 8,786 | (4,074 | ) |
11/03/2006
|
||||||||||||||||||||||||||||
Houston
Cold Storage Warehouse
|
1,087 | 4,347 | 1,923 | 1,072 | 6,285 | 7,357 | (1,757 | ) | 5,600 | - |
06/12/1998
|
|||||||||||||||||||||||||||||
Interwest
Business Park
|
1,449 | 5,795 | 1,438 | 1,461 | 7,221 | 8,682 | (1,748 | ) | 6,934 | - |
12/22/2000
|
|||||||||||||||||||||||||||||
ISOM
Business Center
|
2,661 | 6,699 | 438 | 2,662 | 7,136 | 9,798 | (639 | ) | 9,159 | - |
10/24/2005
|
|||||||||||||||||||||||||||||
Jester
Plaza
|
360 | 6 | 2,694 | 361 | 2,699 | 3,060 | (1,361 | ) | 1,699 | - |
06/24/1996
|
|||||||||||||||||||||||||||||
Jupiter
Business Center
|
588 | 2,353 | 932 | 588 | 3,285 | 3,873 | (1,085 | ) | 2,788 | - |
07/27/1999
|
|||||||||||||||||||||||||||||
Kempwood
Industrial Park
|
734 | 3,044 | 55 | 129 | 3,704 | 3,833 | (1,149 | ) | 2,684 | - |
08/27/1996
|
|||||||||||||||||||||||||||||
Kennesaw
75
|
3,012 | 7,659 | 65 | 3,007 | 7,729 | 10,736 | (759 | ) | 9,977 | - |
02/23/2005
|
|||||||||||||||||||||||||||||
Lakeland
Industrial Center
|
3,265 | 13,059 | 1,827 | 3,266 | 14,885 | 18,151 | (3,432 | ) | 14,719 | - |
12/06/2001
|
|||||||||||||||||||||||||||||
Lakeland
Interstate Bus. Park
|
1,526 | 9,077 | (271 | ) | 547 | 9,785 | 10,332 | (516 | ) | 9,816 | (5,290 | ) |
01/11/2007
|
|||||||||||||||||||||||||||
Manana
/ 35 Business Center
|
1,323 | 5,293 | 1,499 | 1,315 | 6,800 | 8,115 | (2,348 | ) | 5,767 | - |
07/27/1999
|
|||||||||||||||||||||||||||||
McGraw
Hill Distribution Ctr
|
3,155 | 18,906 | 2 | 3,157 | 18,906 | 22,063 | (1,379 | ) | 20,684 | - |
02/14/2006
|
|||||||||||||||||||||||||||||
Midpoint
I-20 Distrib. Center
|
1,254 | 7,070 | 2,895 | 2,820 | 8,399 | 11,219 | (460 | ) | 10,759 | - |
10/13/2006
|
|||||||||||||||||||||||||||||
Midway
Business Center
|
1,078 | 4,313 | 2,044 | 1,078 | 6,357 | 7,435 | (2,365 | ) | 5,070 | - |
07/27/1999
|
|||||||||||||||||||||||||||||
Newkirk
Business Center
|
686 | 2,745 | 828 | 686 | 3,573 | 4,259 | (1,242 | ) | 3,017 | - |
07/27/1999
|
|||||||||||||||||||||||||||||
Northeast
Crossing
|
392 | 1,568 | 1,022 | 350 | 2,632 | 2,982 | (981 | ) | 2,001 | - |
07/27/1999
|
|||||||||||||||||||||||||||||
Northwest
Crossing
|
1,274 | 2,892 | 1,483 | 824 | 4,825 | 5,649 | (1,784 | ) | 3,865 | - |
07/27/1999
|
|||||||||||||||||||||||||||||
Oak
Hill Business Park
|
1,294 | 5,279 | 1,091 | 1,299 | 6,365 | 7,664 | (1,691 | ) | 5,973 | - |
10/18/2001
|
|||||||||||||||||||||||||||||
O'Connor
Road Business Park
|
1,028 | 4,110 | 903 | 1,029 | 5,012 | 6,041 | (1,185 | ) | 4,856 | - |
12/22/2000
|
|||||||||||||||||||||||||||||
Railwood
|
7,072 | 7,965 | (1,566 | ) | 2,870 | 10,601 | 13,471 | (3,981 | ) | 9,490 | - |
12/31/1975
|
||||||||||||||||||||||||||||
Randol
Mill Place
|
371 | 1,513 | 674 | 372 | 2,186 | 2,558 | (884 | ) | 1,674 | - |
12/31/1998
|
|||||||||||||||||||||||||||||
Red
Bird
|
406 | 1,622 | 221 | 406 | 1,843 | 2,249 | (586 | ) | 1,663 | - |
09/29/1998
|
|||||||||||||||||||||||||||||
Regal
Distribution Center
|
801 | 3,208 | 820 | 806 | 4,023 | 4,829 | (1,444 | ) | 3,385 | - |
04/17/1998
|
|||||||||||||||||||||||||||||
Riverview
Distribution Center
|
1,518 | 9,613 | 257 | 1,521 | 9,867 | 11,388 | (353 | ) | 11,035 | - |
08/10/2007
|
|||||||||||||||||||||||||||||
Rutland
10 Business Center
|
738 | 2,951 | 490 | 739 | 3,440 | 4,179 | (895 | ) | 3,284 | - |
09/28/2000
|
|||||||||||||||||||||||||||||
Sherman
Plaza Business Park
|
705 | 2,829 | 2,001 | 710 | 4,825 | 5,535 | (1,994 | ) | 3,541 | - |
04/01/1999
|
|||||||||||||||||||||||||||||
South
Loop Business Park
|
168 | 575 | 100 | 168 | 675 | 843 | (644 | ) | 199 | - |
12/04/1975
|
|||||||||||||||||||||||||||||
Southpark
3075
|
1,251 | 8,385 | (47 | ) | 1,213 | 8,376 | 9,589 | (272 | ) | 9,317 | - |
10/03/2007
|
||||||||||||||||||||||||||||
Southpark
A, B, C
|
1,079 | 4,375 | 637 | 1,080 | 5,011 | 6,091 | (1,274 | ) | 4,817 | - |
09/28/2000
|
|||||||||||||||||||||||||||||
Southpoint
|
4,167 | 10,967 | 399 | 4,168 | 11,365 | 15,533 | (842 | ) | 14,691 | - |
12/29/2005
|
|||||||||||||||||||||||||||||
Southpoint
Business Center
|
597 | 2,392 | 873 | 600 | 3,262 | 3,862 | (997 | ) | 2,865 | - |
05/20/1999
|
Initial
Cost to Company
|
Gross
Amounts at Close of Period
|
|||||||||||||||||||||||||||||||||||||||
Description
|
Land
|
Building
and Improvements
|
Cost
Capitalized Subsequent to Acquisition
|
Land
|
Building
and Improvements
|
Total
(D)
|
Accumulated
Depreciation
|
Total
Costs, Net of Accumulated Depreciation
|
Encumbrances
(A)
|
Date
of Acquisition / Construction
|
||||||||||||||||||||||||||||||
Southport
Business Park 5
|
$ | 562 | $ | 2,172 | $ | 1,280 | $ | 562 | $ | 3,452 | $ | 4,014 | $ | (1,008 | ) | $ | 3,006 | $ | - |
12/23/1998
|
||||||||||||||||||||
Southwest
Park II
|
197 | 791 | 791 | 200 | 1,579 | 1,779 | (1,006 | ) | 773 | - |
05/14/1993
|
|||||||||||||||||||||||||||||
Space
Center Industrial Park
|
1,036 | 4,143 | 1,419 | 1,025 | 5,573 | 6,598 | (1,633 | ) | 4,965 | - |
05/29/1998
|
|||||||||||||||||||||||||||||
Stonecrest
Business Center
|
601 | 2,439 | 1,588 | 601 | 4,027 | 4,628 | (1,518 | ) | 3,110 | - |
06/03/1997
|
|||||||||||||||||||||||||||||
Tampa
East Ind. Portfolio
|
5,424 | 18,155 | 1,165 | 5,409 | 19,335 | 24,744 | (1,498 | ) | 23,246 | - |
11/21/2005
|
|||||||||||||||||||||||||||||
Town
and Country Commerce Ctr
|
4,188 | 9,628 | (577 | ) | 4,311 | 8,928 | 13,239 | (262 | ) | 12,977 | - |
06/29/2007
|
||||||||||||||||||||||||||||
West
Loop Commerce Center
|
2,203 | 1,672 | (847 | ) | 536 | 2,492 | 3,028 | (2,382 | ) | 646 | - |
12/14/1981
|
||||||||||||||||||||||||||||
West-10
Business Center
|
- | 3,125 | 1,717 | - | 4,842 | 4,842 | (3,583 | ) | 1,259 | - |
08/28/1992
|
|||||||||||||||||||||||||||||
West-10
Business Center II
|
414 | 1,662 | 742 | 389 | 2,429 | 2,818 | (1,210 | ) | 1,608 | - |
08/20/1997
|
|||||||||||||||||||||||||||||
Westgate
Business Center
|
1,472 | 3,471 | 2,003 | 1,470 | 5,476 | 6,946 | (1,050 | ) | 5,896 | - |
12/12/2003
|
|||||||||||||||||||||||||||||
Westlake
125
|
1,174 | 6,630 | 70 | 1,066 | 6,808 | 7,874 | (221 | ) | 7,653 | - |
10/03/2007
|
|||||||||||||||||||||||||||||
Wirt
Road & I10
|
1,003 | - | 45 | 1,048 | - | 1,048 | - | 1,048 | - |
05/24/2007
|
||||||||||||||||||||||||||||||
94,158 | 296,116 | 56,528 | 79,886 | 366,916 | 446,802 | (78,939 | ) | 367,863 | (10,214 | ) | ||||||||||||||||||||||||||||||
Other
|
||||||||||||||||||||||||||||||||||||||||
1919
North Loop West
|
1,334 | 8,451 | 9,734 | 1,337 | 18,182 | 19,519 | (798 | ) | 18,721 | - |
12/05/2006
|
|||||||||||||||||||||||||||||
Citadel
Building
|
3,236 | 6,168 | 7,152 | 534 | 16,022 | 16,556 | (10,906 | ) | 5,650 | - |
12/30/1975
|
|||||||||||||||||||||||||||||
Phoenix
Office Building
|
1,696 | 3,255 | 924 | 1,773 | 4,102 | 5,875 | (207 | ) | 5,668 | - |
01/31/2007
|
|||||||||||||||||||||||||||||
6,266 | 17,874 | 17,810 | 3,644 | 38,306 | 41,950 | (11,911 | ) | 30,039 | - | |||||||||||||||||||||||||||||||
Land
Held/Under Development:
|
||||||||||||||||||||||||||||||||||||||||
Ambassador
Parcel D
|
98 | - | - | 98 | - | 98 | - | 98 | - |
10/26/2007
|
||||||||||||||||||||||||||||||
Citadel
Drive at Loop 610
|
3,747 | - | (239 | ) | 3,508 | - | 3,508 | - | 3,508 | - |
12/30/1975
|
|||||||||||||||||||||||||||||
ClayPoint
Distribution Park
|
2,413 | 3,117 | 17,264 | 2,897 | 19,897 | 22,794 | (1,999 | ) | 20,795 | - |
06/23/1999
|
|||||||||||||||||||||||||||||
Colonial
Landing
|
1,813 | 14,577 | 11,193 | - | 27,583 | 27,583 | (1,829 | ) | 25,754 | - |
04/26/2006
|
|||||||||||||||||||||||||||||
Crabtree
Towne Center
|
18,810 | 54 | (8,919 | ) | 9,043 | 902 | 9,945 | - | 9,945 | - |
01/31/2007
|
|||||||||||||||||||||||||||||
Cullen
Blvd. at East Orem
|
172 | - | 3 | 175 | - | 175 | - | 175 | - |
02/24/1975
|
||||||||||||||||||||||||||||||
Curry
Ford Road
|
1,878 | 7 | (39 | ) | 1,817 | 29 | 1,846 | - | 1,846 | - |
10/05/2007
|
|||||||||||||||||||||||||||||
Decatur
215
|
32,525 | 8,200 | (17,559 | ) | 15,846 | 7,320 | 23,166 | - | 23,166 | - |
12/26/2007
|
|||||||||||||||||||||||||||||
Epic
Village St. Augustine
|
2,263 | 1,171 | 1,824 | 2,306 | 2,952 | 5,258 | - | 5,258 | - |
04/09/2008
|
||||||||||||||||||||||||||||||
Festival
Plaza
|
751 | 6 | 123 | 794 | 86 | 880 | - | 880 | - |
12/08/2006
|
||||||||||||||||||||||||||||||
Gateway
Station
|
1,622 | 3 | 8,008 | 1,821 | 7,812 | 9,633 | (67 | ) | 9,566 | - |
07/21/2006
|
|||||||||||||||||||||||||||||
Gladden
Farms
|
1,619 | 4 | 1,744 | 1,713 | 1,654 | 3,367 | - | 3,367 | - |
08/21/2007
|
||||||||||||||||||||||||||||||
Harrison
Pointe Pad
|
1,057 | - | - | 1,057 | - | 1,057 | - | 1,057 | - |
05/01/2008
|
||||||||||||||||||||||||||||||
Horne
Street Market
|
4,239 | 37 | 4,683 | 4,742 | 4,217 | 8,959 | - | 8,959 | - |
06/22/2007
|
||||||||||||||||||||||||||||||
Lockwood
Drive
|
313 | - | (319 | ) | (6 | ) | - | (6 | ) | - | (6 | ) | - |
11/14/1949
|
||||||||||||||||||||||||||
Mainland
Mall-Tracts 1 & 2
|
321 | - | 69 | 390 | - | 390 | - | 390 | - |
11/29/1967
|
||||||||||||||||||||||||||||||
Mohave
Crossroads
|
5,033 | 63 | 37,295 | 5,574 | 36,817 | 42,391 | (290 | ) | 42,101 | - |
06/12/2007
|
|||||||||||||||||||||||||||||
North
Towne Plaza JV
|
6,646 | 99 | 8,116 | 11,515 | 3,346 | 14,861 | - | 14,861 | - |
12/27/2006
|
||||||||||||||||||||||||||||||
NW
Freeway at Gessner
|
5,052 | - | (3,577 | ) | 1,475 | - | 1,475 | - | 1,475 | - |
11/16/1972
|
|||||||||||||||||||||||||||||
Palm
Coast Landing Outparcels
|
1,302 | 149 | (286 | ) | 762 | 403 | 1,165 | - | 1,165 | - |
04/30/2008
|
|||||||||||||||||||||||||||||
Phillips
Crossing
|
- | 1 | 24,827 | 665 | 24,163 | 24,828 | (300 | ) | 24,528 | - |
10/06/2006
|
|||||||||||||||||||||||||||||
Phillips
Landing
|
1,521 | 1,625 | 9,929 | 1,953 | 11,122 | 13,075 | (451 | ) | 12,624 | - |
12/14/2005
|
|||||||||||||||||||||||||||||
Raintree
Ranch Center
|
11,442 | 595 | 16,036 | 10,983 | 17,090 | 28,073 | (1,127 | ) | 26,946 | - |
06/15/2006
|
Initial
Cost to Company
|
Gross
Amounts at Close of Period
|
|||||||||||||||||||||||||||||||||||||||
Description
|
Land
|
Building
and Improvements
|
Cost
Capitalized Subsequent to Acquisition
|
Land
|
Building
and Improvements
|
Total
(D)
|
Accumulated
Depreciation
|
Total
Costs, Net of Accumulated Depreciation
|
Encumbrances
(A)
|
Date
of Acquisition / Construction
|
||||||||||||||||||||||||||||||
Ridgeway
Trace
|
$ | 26,629 | $ | 544 | $ | 6,157 | $ | 19,865 | $ | 13,465 | $ | 33,330 | $ | - | $ | 33,330 | $ | - |
11/09/2006
|
|||||||||||||||||||||
River
Pointe Venture
|
2,874 | - | (2,063 | ) | 811 | - | 811 | - | 811 | - |
08/04/2004
|
|||||||||||||||||||||||||||||
Rock
Prarie Marketplace
|
2,364 | - | 10,254 | 11,278 | 1,340 | 12,618 | - | 12,618 | - |
05/15/2006
|
||||||||||||||||||||||||||||||
Shreveport
|
356 | - | 130 | 486 | - | 486 | - | 486 | - |
05/22/1973
|
||||||||||||||||||||||||||||||
South
Fulton Crossing
|
14,373 | 154 | (7,429 | ) | 4,970 | 2,128 | 7,098 | - | 7,098 | - |
01/10/2007
|
|||||||||||||||||||||||||||||
Southern
Pines Place
|
8,046 | 73 | (1,895 | ) | 5,998 | 226 | 6,224 | - | 6,224 | - |
02/09/2007
|
|||||||||||||||||||||||||||||
Stanford
Court
|
693 | - | 21 | 714 | - | 714 | - | 714 | - |
04/20/1981
|
||||||||||||||||||||||||||||||
Stevens
Ranch
|
36,939 | 46 | 525 | 37,351 | 159 | 37,510 | - | 37,510 | - |
05/16/2007
|
||||||||||||||||||||||||||||||
Surf
City Crossing
|
3,220 | 52 | 1,053 | 3,937 | 388 | 4,325 | - | 4,325 | - |
12/06/2006
|
||||||||||||||||||||||||||||||
The
Shoppes @ Wilderness Oaks
|
11,081 | 50 | 730 | 11,518 | 343 | 11,861 | - | 11,861 | - |
06/19/2008
|
||||||||||||||||||||||||||||||
The
Shoppes at Caveness Farms
|
7,235 | 135 | 1,117 | 3,702 | 4,785 | 8,487 | - | 8,487 | - |
01/17/2006
|
||||||||||||||||||||||||||||||
The
Shoppes at Parkwood Ranch
|
5,605 | 52 | 6,444 | 4,123 | 7,978 | 12,101 | (12 | ) | 12,089 | - |
01/02/2007
|
|||||||||||||||||||||||||||||
Thompson
Bridge Commons
|
604 | - | (79 | ) | 525 | - | 525 | - | 525 | - |
07/28/2005
|
|||||||||||||||||||||||||||||
Tomball
Marketplace
|
9,616 | 262 | 20,576 | 15,190 | 15,264 | 30,454 | - | 30,454 | - |
04/12/2006
|
||||||||||||||||||||||||||||||
University
Place
|
500 | 85 | 524 | 500 | 609 | 1,109 | (14 | ) | 1,095 | - |
02/08/2008
|
|||||||||||||||||||||||||||||
Village
Shopping Center
|
64 | 714 | (689 | ) | 89 | - | 89 | - | 89 | - |
12/31/2002
|
|||||||||||||||||||||||||||||
Waterford
Village
|
5,830 | - | 6,537 | 4,178 | 8,189 | 12,367 | (111 | ) | 12,256 | - |
06/11/2004
|
|||||||||||||||||||||||||||||
West
11th @ Loop 610
|
1,667 | - | - | 1,667 | - | 1,667 | - | 1,667 | - |
12/14/1981
|
||||||||||||||||||||||||||||||
Westover
Square
|
4,435 | 20 | (423 | ) | 3,418 | 614 | 4,032 | - | 4,032 | - |
08/01/2006
|
|||||||||||||||||||||||||||||
Westwood
Center
|
10,497 | 36 | 5,346 | 7,442 | 8,437 | 15,879 | (3 | ) | 15,876 | - |
01/26/2007
|
|||||||||||||||||||||||||||||
Wilcrest/Bissonnet-Alief
Tr1-4
|
7,228 | - | (6,309 | ) | 919 | - | 919 | - | 919 | - |
11/10/1980
|
|||||||||||||||||||||||||||||
York
Plaza
|
162 | - | (45 | ) | 117 | - | 117 | - | 117 | - |
08/28/1972
|
|||||||||||||||||||||||||||||
264,655 | 31,931 | 150,658 | 217,926 | 229,318 | 447,244 | (6,203 | ) | 441,041 | - | |||||||||||||||||||||||||||||||
Balance
of Portfolio (not to exceed 5% of total)
|
48,855 | 163,963 | (133,848 | ) | 14,676 | 64,295 | 78,971 | (11,766 | ) | 67,205 | - | |||||||||||||||||||||||||||||
Total
of Portfolio
|
$ | 1,248,230 | $ | 3,073,581 | $ | 593,660 | $ | 1,184,648 | $ | 3,730,824 | $ | 4,915,472 | $ | (812,323 | ) | $ | 4,103,149 | $ | (713,377 | ) |
Note
A -
|
Encumbrances
do not include $40.4 million outstanding under fixed-rate mortgage debt
associated with five properties each held in a tenancy-in-common
arrangement.
|
Note
B -
|
Property
is collateral for a $154.3 million fixed-rate
mortgage.
|
Note
C -
|
Property
is collateral for $100.0 million fixed-rate
mortgage.
|
Note
D -
|
The
book value of our net fixed asset exceeds the tax basis by approximately
$220 million at December 31, 2008.
|
2008
|
2007
|
2006
|
||||||||||
Balance
at beginning of year
|
$ | 4,972,344 | $ | 4,445,888 | $ | 4,033,579 | ||||||
Additions
at cost
|
299,090 | 888,345 | 1,022,103 | |||||||||
Retirements
or sales
|
(355,962 | ) | (361,889 | ) | (609,794 | ) | ||||||
Balance
at end of year
|
$ | 4,915,472 | $ | 4,972,344 | $ | 4,445,888 |
2008
|
2007
|
2006
|
||||||||||
Balance
at beginning of year
|
$ | 774,321 | $ | 707,005 | $ | 679,642 | ||||||
Additions
at cost
|
118,160 | 114,956 | 110,406 | |||||||||
Retirements
or sales
|
(80,158 | ) | (47,640 | ) | (83,043 | ) | ||||||
Balance
at end of year
|
$ | 812,323 | $ | 774,321 | $ | 707,005 |
Note
A -
|
The
aggregate cost at December 31, 2008 for federal income tax purposes is
$236,743.
|
2008
|
2007
|
2006
|
||||||||||
Balance,
Beginning of Year
|
$ | 79,898 | $ | 5,308 | $ | 2,791 | ||||||
Additions
to Existing Loans
|
201,803 | 155,855 | 3,347 | |||||||||
Collections
of Principal
|
(44,958 | ) | (81,265 | ) | (830 | ) | ||||||
Balance,
End of Year
|
$ | 236,743 | $ | 79,898 | $ | 5,308 |
WEINGARTEN
REALTY INVESTORS
|
||
By:
|
/s/
Stephen C. Richter
|
|
Title:
|
||
Notice
Address:
|
2600
Citadel Plaza Drive
|
|
Houston,
Texas 77008
|
WEINGARTEN
REALTY INVESTORS
|
|
/s/
Johnny Hendrix
|
|
JOHNNY
HENDRIX
|
|
Notice
Address:
|
2600
Citadel Plaza Drive
|
Houston,
Texas 77008
|
WEINGARTEN
REALTY INVESTORS
|
||
By:
|
/s/
Martin Debrovner
|
|
Title:
|
||
Notice
Address:
|
2600
Citadel Plaza Drive
|
|
Houston,
Texas 77008
|
WEINGARTEN
REALTY INVESTORS
|
|
/s/
Stephen C. Richter
|
|
STEPHEN
C. RICHTER
|
|
Notice
Address:
|
2600
Citadel Plaza Drive
|
Houston,
Texas 77008
|
|
(a)
|
failure
to elect or reelect or otherwise maintain Executive in the office or the
position, or a substantially equivalent office or position, of or with the
Company which Executive held immediately prior to a Change in Control, or
the removal of Executive as a Trust Manager of the Company (or any
successor thereto) if Executive had been a Trust Manager of the Company
immediately prior to the Change in
Control;
|
|
(b)
|
material
diminution in the nature or scope of the authorities, powers, functions,
responsibilities or duties attached to the position with the Company which
Executive held immediately prior to the Change in Control or a material
reduction in the Executive's base
pay;
|
|
(c)
|
the
determination by Executive (which determination will be conclusive and
binding upon the parties hereto provided it has been made in good faith
and in all events will be presumed to have been made in good faith unless
otherwise shown by the Company by clear and convincing evidence) that a
material negative change in circumstances has occurred following a Change
in Control, including without limitation, a material negative change in
the scope of the business or other activities for which Executive was
responsible immediately prior to the Change in Control, which has rendered
Executive substantially unable to carry out,
has
|
|
(d)
|
the
liquidation, dissolution, merger, consolidation or reorganization of the
Company or transfer of all or substantially all of its business and/or
assets, unless the successor or successors (by liquidation, merger,
consolidation, reorganization, transfer or otherwise) to which all or
substantially all of the Company's business and/or assets have been
transferred (directly or by operation of law) assumes all duties and
obligations of the Company under this Agreement, so that it is reasonably
likely that there will be no material breach of the Agreement by the
Company or its
successor-in-interest;
|
|
(e)
|
the
Company relocates its principal executive offices, or requires Executive
to have Executive's principal location of work changed, to any location
which is in excess of 25 miles from the location thereof immediately prior
to the Change in Control, or requires Executive to travel away from
Executive's office in the course of discharging Executive's
responsibilities or duties hereunder at least 20% more (in terms of
aggregate days in any calendar year or in any calendar quarter when
annualized for purposes of comparison to any prior year) than was required
of Executive in any of the three full years immediately prior to the
Change in Control without, in either case, Executive's prior written
consent; and/or
|
|
(f)
|
without
limiting the generality or effect of the foregoing, any material breach of
this Agreement by the Company or any successor
thereto.
|
|
(D)
|
permit
the Company to participate in any proceedings relating to such claims;
provided, however, that the Company will bear and pay directly all costs
and expenses (including interest and penalties) incurred in connection
with such contest and will indemnify and hold harmless Executive, on an
after-tax basis, for and against any Excise Tax or income tax, including
interest and penalties with respect thereto, imposed as a result of such
representation and payment of costs and expenses. Without
limiting the foregoing provisions of this Section 5(f), the Company will
control all proceedings taken in connection with the contest of any claim
contemplated by this Section 5(f) and, at its sole option, may pursue or
forego any and all administrative appeals, proceedings, hearings and
conferences with the taxing authority in respect of such claim (provided,
however, that Executive may participate therein at Executive's own cost
and expense) and may, at its option, either direct Executive to pay the
tax claimed and sue for a refund or contest the claim in any permissible
manner, and Executive will prosecute such contest to a determination
before any administrative tribunal, in a court of initial jurisdiction,
and in one or more appellate courts, as the Company may determine;
provided, however, that if the Company directs Executive to pay the tax
claimed and sue for a refund, the Company will
pay an amount to
Executive equal to the tax claimed
and will indemnify and hold
Executive harmless, on an after-tax basis, from any Excise Tax or income
or other tax, including interest or penalties with respect thereto,
imposed with respect to such
payment
; and
provided further, however, that any extension of the statute of
limitations relating to payment of taxes for the taxable year of Executive
with respect to which the contested amount is claimed to be due is limited
solely to such contested amount. The Company's control of any
such contested claim will be limited to issues with respect to which a
Gross-Up Payment would be payable hereunder and Executive will be entitled
to settle or contest, as the case may be, any other issue raised by the
Internal Revenue Service or any other taxing
authority.
|
WEINGARTEN
REALTY INVESTORS
|
|
By:
|
/s/
Stephen Richter
|
Date:
|
December
31, 2008
|
EXECUTIVE
/ Johnny Hendrix
|
|
By:
|
/s/
Johnny Hendrix
|
Date:
|
December
20, 2008
|
|
(a)
|
failure
to elect or reelect or otherwise maintain Executive in the office or the
position, or a substantially equivalent office or position, of or with the
Company which Executive held immediately prior to a Change in Control, or
the removal of Executive as a Trust Manager of the Company (or any
successor thereto) if Executive had been a Trust Manager of the Company
immediately prior to the Change in
Control;
|
|
(b)
|
material
diminution in the nature or scope of the authorities, powers, functions,
responsibilities or duties attached to the position with the Company which
Executive held immediately prior to the Change in Control or a material
reduction in the Executive's base
pay;
|
|
(c)
|
the
determination by Executive (which determination will be conclusive and
binding upon the parties hereto provided it has been made in good faith
and in all events will be presumed to have been made in good faith unless
otherwise shown by the Company by clear and convincing evidence) that a
material negative change in circumstances has occurred following a Change
in Control, including without limitation, a material negative change in
the scope of the business or other activities for which Executive was
responsible immediately prior to the Change in Control, which has rendered
Executive substantially unable to carry out,
has
|
|
(d)
|
the
liquidation, dissolution, merger, consolidation or reorganization of the
Company or transfer of all or substantially all of its business and/or
assets, unless the successor or successors (by liquidation, merger,
consolidation, reorganization, transfer or otherwise) to which all or
substantially all of the Company's business and/or assets have been
transferred (directly or by operation of law) assumes all duties and
obligations of the Company under this Agreement, so that it is reasonably
likely that there will be no material breach of the Agreement by the
Company or its
successor-in-interest;
|
|
(e)
|
the
Company relocates its principal executive offices, or requires Executive
to have Executive's principal location of work changed, to any location
which is in excess of 25 miles from the location thereof immediately prior
to the Change in Control, or requires Executive to travel away from
Executive's office in the course of discharging Executive's
responsibilities or duties hereunder at least 20% more (in terms of
aggregate days in any calendar year or in any calendar quarter when
annualized for purposes of comparison to any prior year) than was required
of Executive in any of the three full years immediately prior to the
Change in Control without, in either case, Executive's prior written
consent; and/or
|
|
(f)
|
without
limiting the generality or effect of the foregoing, any material breach of
this Agreement by the Company or any successor
thereto.
|
|
(D)
|
permit
the Company to participate in any proceedings relating to such claims;
provided, however, that the Company will bear and pay directly all costs
and expenses (including interest and penalties) incurred in connection
with such contest and will indemnify and hold harmless Executive, on an
after-tax basis, for and against any Excise Tax or income tax, including
interest and penalties with respect thereto, imposed as a result of such
representation and payment of costs and expenses. Without
limiting the foregoing provisions of this Section 5(f), the Company will
control all proceedings taken in connection with the contest of any claim
contemplated by this Section 5(f) and, at its sole option, may pursue or
forego any and all administrative appeals, proceedings, hearings and
conferences with the taxing authority in respect of such claim (provided,
however, that Executive may participate therein at Executive's own cost
and expense) and may, at its option, either direct Executive to pay the
tax claimed and sue for a refund or contest the claim in any permissible
manner, and Executive will prosecute such contest to a determination
before any administrative tribunal, in a court of initial jurisdiction,
and in one or more appellate courts, as the Company may determine;
provided, however, that if the Company directs Executive to pay the tax
claimed and sue for a refund, the Company will
pay an amount to
Executive equal to the tax claimed
and will indemnify and hold
Executive harmless, on an after-tax basis, from any Excise Tax or income
or other tax, including interest or penalties with respect thereto,
imposed with respect to such
payment
; and
provided further, however, that any extension of the statute of
limitations relating to payment of taxes for the taxable year of Executive
with respect to which the contested amount is claimed to be due is limited
solely to such contested amount. The Company's control of any
such contested claim will be limited to issues with respect to which a
Gross-Up Payment would be payable hereunder and Executive will be entitled
to settle or contest, as the case may be, any other issue raised by the
Internal Revenue Service or any other taxing
authority.
|
WEINGARTEN
REALTY INVESTORS
|
|
By:
|
/s/
Andrew Alexander
|
Date:
|
December
31, 2008
|
EXECUTIVE
/ Stephen Richter
|
|
By:
|
/s/
Stephen Richter
|
Date:
|
December
31, 2008
|
WEINGARTEN
REALTY INVESTORS
|
||||||||||||||||||||
COMPUTATION
OF RATIOS OF EARNINGS TO COMBINED FIXED CHARGES
|
||||||||||||||||||||
AND
PREFERRED DIVIDENDS
|
||||||||||||||||||||
(Amounts
in thousands)
|
||||||||||||||||||||
Twelve
Months Ended
|
||||||||||||||||||||
December
31,
|
||||||||||||||||||||
2008
|
2007
|
2006
|
2005
|
2004
|
||||||||||||||||
Income
from continuing operations
|
$ | 79,511 | $ | 144,012 | $ | 135,989 | $ | 121,273 | $ | 82,340 | ||||||||||
Equity
earnings of real estate joint ventures and partnerships,
net
|
(12,196 | ) | (19,853 | ) | (14,655 | ) | (6,610 | ) | (5,384 | ) | ||||||||||
Income
allocated to minority interests
|
8,943 | 10,237 | 6,414 | 6,060 | 4,928 | |||||||||||||||
(Benefit)
provision for income taxes
|
(10,148 | ) | 4,073 | 1,366 | ||||||||||||||||
Fixed
charges
|
212,815 | 207,104 | 171,617 | 149,907 | 134,640 | |||||||||||||||
Amortization
of capitalized interest
|
2,307 | 2,084 | 2,234 | 2,366 | 2,360 | |||||||||||||||
Distributions
of income from real estate joint ventures and partnerships
|
3,602 | 6,251 | 2,524 | 2,603 | 1,204 | |||||||||||||||
Capitalized
interest
|
(20,290 | ) | (25,025 | ) | (7,616 | ) | (2,629 | ) | (4,992 | ) | ||||||||||
Preferred
dividends
|
(34,711 | ) | (25,375 | ) | (10,101 | ) | (10,101 | ) | (7,470 | ) | ||||||||||
Net
income as adjusted
|
$ | 229,833 | $ | 303,508 | $ | 287,772 | $ | 262,869 | $ | 207,626 | ||||||||||
Fixed
charges:
|
||||||||||||||||||||
Interest
on indebtedness
|
$ | 148,475 | $ | 148,829 | $ | 145,374 | $ | 129,160 | $ | 116,142 | ||||||||||
Out-of-market
mortgage adjustment
|
8,007 | 6,758 | 7,464 | 7,056 | 5,073 | |||||||||||||||
Capitalized
interest
|
20,290 | 25,025 | 7,616 | 2,629 | 4,992 | |||||||||||||||
Preferred
dividends
|
34,711 | 25,375 | 10,101 | 10,101 | 7,470 | |||||||||||||||
Portion
of rents representative of the interest factor
|
1,332 | 1,117 | 1,062 | 961 | 963 | |||||||||||||||
Fixed
charges
|
$ | 212,815 | $ | 207,104 | $ | 171,617 | $ | 149,907 | $ | 134,640 | ||||||||||
RATIO
OF EARNINGS TO COMBINED FIXED CHARGES
AND PREFERRED
DIVIDENDS
|
$ | 1.08 | $ | 1.47 | $ | 1.68 | $ | 1.75 | $ | 1.54 | ||||||||||
RATIO
OF EARNINGS TO FIXED CHARGES
|
$ | 1.29 | $ | 1.67 | $ | 1.78 | $ | 1.88 | $ | 1.63 |
WEINGARTEN
REALTY INVESTORS
|
|||
LIST
OF SUBSIDIARIES OF THE REGISTRANT
|
|||
Subsidiary
|
State
of Incorporation
|
||
6485
Crescent Drive LP
|
Delaware
|
||
AN/WRI
DEVCO #1, Ltd.
|
Texas
|
||
AN/WRI
Partnership, Ltd.
|
Texas
|
||
AN/WRI-GS,
L.P.
|
Texas
|
||
Best
in the West Holdings, LLC
|
Delaware
|
||
Brookwood
Square Holdings, LLC
|
Delaware
|
||
Chino
Hills Holdings, LLC
|
Delaware
|
||
Crowfarn
Drive LP
|
Delaware
|
||
Cumberland
Potranco Joint Venture
|
Texas
|
||
Decatur
215, LLC
|
Delaware
|
||
Eastex
Venture
|
Texas
|
||
El
Camino Holdings LLC
|
Texas
|
||
Falls
Pointe Holdings, LLC
|
Delaware
|
||
Fenton
Market Place Venture
|
Texas
|
||
Flamingo
Pines Holdings, LLC
|
Delaware
|
||
GDC
River Hill Tower, LLC
|
Delaware
|
||
GVR
SPE I LLC
|
Delaware
|
||
GVR
SPE II LLC
|
Delaware
|
||
Heritage
HT #1, LLC
|
North
Carolina
|
||
High
House Holdings LLC
|
Delaware
|
||
Hollywood
Hills Holdings, LLC
|
Delaware
|
||
Interport
A LP
|
Delaware
|
||
Interport
B LP
|
Delaware
|
||
Interport
C LP
|
Delaware
|
||
Jacinto
City, Ltd.
|
Texas
|
||
Jackson
West Holdings, LLC
|
Delaware
|
||
Las
Tiendas Holdings, LLC
|
Delaware
|
||
Main/O.S.T.,
Ltd.
|
Texas
|
||
Mansell
Crossing Retail LP
|
Delaware
|
||
Markham
West Shopping Center, L.P.
|
Delaware
|
||
Meadowville,
LP
|
Delaware
|
||
Mexigarten
Services, S. de R.L. de C.V.
|
Foreign
|
||
Miller
Weingarten Realty, LLC
|
Colorado
|
||
Nanocorp,
Inc.
|
Texas
|
||
NOBSIL,
L.L.C.
|
Maine
|
||
North
Towne Plaza JV
|
Texas
|
||
Northcross
Holdings, LLC
|
Delaware
|
||
Northlake
C LP
|
Delaware
|
||
Northwest
Hollister Venture
|
Texas
|
||
Outland
Center Drive LP
|
Delaware
|
||
Palm
Coast Center Outparcels, LLC
|
Delaware
|
||
Palm
Coast Center, LLC
|
Delaware
|
||
Parliament
Square Center, Inc.
|
Texas
|
||
Phelan
Boulevard Venture
|
Texas
|
||
Pineapple
Commons Retail LP
|
Delaware
|
||
Pinecrest
Plaza Holdings, LLC
|
Delaware
|
||
Preston
Shepard Retail LP
|
Delaware
|
||
Rancho
San Marcos Holdings, LLC
|
Delaware
|
||
RGC
Starr Retail, Ltd.
|
Texas
|
||
Rosenberg,
Ltd.
|
Texas
|
||
Roswell
Corners Holdings LLC
|
Delaware
|
||
S/W
Albuquerque, L.P.
|
Texas
|
||
Shary
Retail, Ltd.
|
Texas
|
||
Sheldon
Center, Ltd.
|
Texas
|
||
South
Loop-Long Wayside Company
|
Texas
|
||
Southside
Industrial Way LP
|
Delaware
|
||
SPM/WRI
College Station, L.P.
|
Texas
|
||
SPM/WRI
Rockwall, L.P.
|
Texas
|
||
Steele
Creek Holdings, LLC
|
Delaware
|
||
Strategic
Retail Partners II, L.L.C.
|
Delaware
|
||
Strategic
Retail Partners, L.L.C.
|
Delaware
|
||
SV
Portfolio LP
|
Delaware
|
||
Utah-WRI
Holdings, L.L.C.
|
Delaware
|
||
Veracruz
I Holdings LLC
|
Delaware
|
||
Veracruz
I Properties LLC
|
Delaware
|
||
Walthall
A & B LP
|
Delaware
|
||
Walthall
C LP
|
Delaware
|
||
WB
Retail Sub GP LLC
|
Delaware
|
||
WB
Sub GP, LLC
|
Delaware
|
||
Weingarten
- Fulton, LLC
|
Delaware
|
||
Weingarten
1815 S. 10th JV
|
Texas
|
||
Weingarten
Aurora Inc.
|
Colorado
|
||
Weingarten
DRC Clermont TRS, LLC
|
Florida
|
||
Weingarten
DRC Clermont, LLC
|
Florida
|
||
Weingarten
Golden State, Inc.
|
Delaware
|
||
Weingarten
GS Delaware, Inc.
|
Delaware
|
||
Weingarten
GS, Inc.
|
Texas
|
||
Weingarten
Herndon Plaza JV
|
Delaware
|
||
Weingarten
Hughes Surf City Venture
|
Texas
|
||
Weingarten
Hughes Waterford Venture
|
Texas
|
||
Weingarten
I-4 Clermont Landing TRS, LLC
|
Florida
|
||
Weingarten
I-4 Clermont Landing, LLC
|
Florida
|
||
Weingarten
I-4 St. Augustine EV, LLC
|
Florida
|
||
Weingarten
Investments Aurora LLC
|
Colorado
|
||
Weingarten
Investments Lowry LLC
|
Colorado
|
||
Weingarten
Las Tiendas JV
|
Texas
|
||
Weingarten
Lowry Inc.
|
Colorado
|
||
Weingarten
Maya Tropicana II, LLC
|
Delaware
|
||
Weingarten
Maya Tropicana, LLC
|
Delaware
|
||
Weingarten
Mexico LLC
|
Delaware
|
||
Weingarten
Miller Buckingham LLC
|
Colorado
|
||
Weingarten
Miller Equiwest Salt Lake LLC
|
Colorado
|
||
Weingarten
Miller Equiwest West Valley LLC
|
Colorado
|
||
Weingarten
Miller Glenwood Joint Venture
|
Delaware
|
||
Weingarten
Miller Glenwood, LLC
|
Colorado
|
||
Weingarten
Miller MDH Buckingham LLC
|
Colorado
|
||
Weingarten
Miller Salt Lake LLC
|
Colorado
|
||
Weingarten
Miller Sheridan II LLC
|
Colorado
|
||
Weingarten
Miller Sheridan LLC
|
Colorado
|
||
Weingarten
Miller West Valley LLC
|
Colorado
|
||
Weingarten
NAP GP, LLC
|
Delaware
|
||
Weingarten
NAP, LP
|
Delaware
|
||
Weingarten
Newquist, LLC
|
Delaware
|
||
Weingarten
Nolana JV
|
Texas
|
||
Weingarten
Northcross JV
|
Texas
|
||
Weingarten
Nostat, Inc.
|
Texas
|
||
Weingarten
Realty Management Company
|
Texas
|
||
Weingarten
Services LLC
|
Delaware
|
||
Weingarten
Shary Crossing JV
|
Texas
|
||
Weingarten
Shary North JV
|
Texas
|
||
Weingarten
Shary South JV
|
Texas
|
||
Weingarten
Starr Plaza JV
|
Texas
|
||
Weingarten
Tenth-Jackson West JV
|
Texas
|
||
Weingarten
Thorncreek Inc.
|
Colorado
|
||
Weingarten/Bridges
at Smoky Hill
|
Texas
|
||
Weingarten/Bridges
at Smoky Hill II LLC
|
Delaware
|
||
Weingarten/Bridges
at Smoky Hill III LLC
|
Delaware
|
||
Weingarten/Finger
Venture
|
Texas
|
||
Weingarten/Investments,
Inc.
|
Texas
|
||
Weingarten/Lufkin,
Inc.
|
Texas
|
||
Weingarten/Maya
Tropicana Venture
|
Nevada
|
||
Weingarten/Miller
Elizabeth Joint Venture
|
Texas
|
||
Weingarten/Miller/American
Fork Joint Venture
|
Texas
|
||
Weingarten/Miller/American
Fork LLC
|
Colorado
|
||
Weingarten/Miller/Aurora
II LLC
|
Colorado
|
||
Weingarten/Miller/Aurora
Joint Venture
|
Texas
|
||
Weingarten/Miller/Fiest
II Joint Venture
|
Texas
|
||
Weingarten/Miller/Fiest,
LLC
|
Delaware
|
||
Weingarten/Miller/Green
Valley Joint Venture
|
Texas
|
||
Weingarten/Miller/GVR
II LLC
|
Colorado
|
||
Weingarten/Miller/GVR
LLC
|
Colorado
|
||
Weingarten/Miller/Lowry
II LLC
|
Colorado
|
||
Weingarten/Miller/Lowry
Joint Venture
|
Texas
|
||
Weingarten/Miller/Thorncreek
II, LLC
|
Colorado
|
||
Weingarten/Miller/Thorncreek
Joint Venture
|
Texas
|
||
Weingarten/Miller/Westminster
Joint Venture
|
Texas
|
||
Weingarten/Monvis
LLC
|
Arizona
|
||
Wirt
Road Realty, LLC
|
Texas
|
||
WNI/Tennessee
Holdings, Inc.
|
Delaware
|
||
WNI/Tennessee,
L.P.
|
Delaware
|
||
WR
Paradise Key, LLC
|
Delaware
|
||
WR
Tully, LP
|
Delaware
|
||
WRI
151 Ingram GP, LLC
|
Delaware
|
||
WRI
151 Ingram LP
|
Delaware
|
||
WRI
Alliance Riley Venture
|
Texas
|
||
WRI
Alliance Riley Venture III
|
Texas
|
||
WRI
Best in the West, LLC
|
Delaware
|
||
WRI
Brookwood Marketplace, LLC
|
Delaware
|
||
WRI
Brookwood Square, LLC
|
Delaware
|
||
WRI
Camp Creek Marketplace II, LLC
|
Delaware
|
||
WRI
Charleston Commons Holdings, LLC
|
Delaware
|
||
WRI
Charleston Commons, LLC
|
Delaware
|
||
WRI
Cottonwood Holdings, LLC
|
Delaware
|
||
WRI
Cottonwood, LLC
|
Delaware
|
||
WRI
Countryside Centre Holdings, LLC
|
Delaware
|
||
WRI
Countryside Centre, LLC
|
Delaware
|
||
WRI
Cumberland GP, LLC
|
Texas
|
||
WRI
Cumberland, LP
|
Texas
|
||
WRI
El Camino, LP
|
Texas
|
||
WRI
Fiesta Trails Holdings, LLC
|
Texas
|
||
WRI
Fiesta Trails, LP
|
Texas
|
||
WRI
Flamingo Pines, LLC
|
Delaware
|
||
WRI
Freedom Centre, L.P.
|
Delaware
|
||
WRI
Galleria Holdings, LLC
|
Delaware
|
||
WRI
Galleria, LLC
|
Delaware
|
||
WRI
Gateway Station GP, LLC
|
Delaware
|
||
WRI
Gateway Station, LP
|
Delaware
|
||
WRI
Golden State, LLC
|
Delaware
|
||
WRI
Greenhouse LP
|
Delaware
|
||
WRI
GS Partnership, L.P.
|
Delaware
|
||
WRI
Hopewell, LLC
|
Delaware
|
||
WRI
HR Heritage Station LLC
|
Delaware
|
||
WRI
HR Manager LLC
|
Delaware
|
||
WRI
HR Parkland LLC
|
Delaware
|
||
WRI
HR Retail Venture I LLC
|
Delaware
|
||
WRI
HR Sandy Plains LLC
|
Delaware
|
||
WRI
HR Thompson Bridge LLC
|
Delaware
|
||
WRI
HR Venture Properties I LLC
|
Delaware
|
||
WRI
Hughes, LLC
|
North
Carolina
|
||
WRI
Jackson West, LP
|
Delaware
|
||
WRI
Johnston Road Plaza, LLC
|
Delaware
|
||
WRI
Kennesaw, LLC
|
Delaware
|
||
WRI
Laguna Isles, LLC
|
Delaware
|
||
WRI
Lakeland, LLC
|
Delaware
|
||
WRI
Lakeside Marketplace, LLC
|
Delaware
|
||
WRI
Las Tiendas, LP
|
Delaware
|
||
WRI
LLA Venture
|
Texas
|
||
WRI
Madera Village Holdings, LLC
|
Delaware
|
||
WRI
Madera Village, LLC
|
Delaware
|
||
WRI
Marshalls Plaza, LP
|
Texas
|
||
WRI
North American Properties, L.P.
|
Delaware
|
||
WRI
Northcross, LP
|
Texas
|
||
WRI
Northtown I, LP
|
Texas
|
||
WRI
Northtown II, LP
|
Texas
|
||
WRI
Oak Grove Market Center, LLC
|
Delaware
|
||
WRI
Overton Holdings, LLC
|
Delaware
|
||
WRI
Overton Plaza, LP
|
Texas
|
||
WRI
Parkland, LLC
|
Delaware
|
||
WRI
Pinecrest Plaza, LLC
|
Delaware
|
||
WRI
Princeton Lakes, LLC
|
Delaware
|
||
WRI
Ravenstone, LLC
|
Delaware
|
||
WRI
Regency Centre, LLC
|
Delaware
|
||
WRI
Ridgeway, LLC
|
Delaware
|
||
WRI
River Marketplace, LLC
|
Delaware
|
||
WRI
Roswell Corners, LLC
|
Delaware
|
||
WRI
Sandy Plains, LLC
|
Delaware
|
||
WRI
Seminole Holdings, LLC
|
Delaware
|
||
WRI
Seminole II, LLC
|
Delaware
|
||
WRI
Seminole Marketplace, LLC
|
Delaware
|
||
WRI
Shoppes at Bears Path, LLC
|
Delaware
|
||
WRI
Shoppes of South Semoran Holdings, LLC
|
Delaware
|
||
WRI
Shoppes of South Semoran, LLC
|
Delaware
|
||
WRI
Steele Creek, LLC
|
Delaware
|
||
WRI
Strom, L.P.
|
Delaware
|
||
WRI
Thompson Bridge, LLC
|
Delaware
|
||
WRI
Trautmann, L.P.
|
Delaware
|
||
WRI
Uintah Gardens, LLC
|
Delaware
|
||
WRI
Uintah Holdings, LLC
|
Delaware
|
||
WRI
University Palms, LLC
|
Delaware
|
||
WRI
University Place, LLC
|
Delaware
|
||
WRI
Western Retail Partners GP, LLC
|
Delaware
|
||
WRI
Western Retail Partners LP
|
Delaware
|
||
WRI
Western Retail REIT LP
|
Delaware
|
||
WRI
Westgate Industrial Holdings LLC
|
Texas
|
||
WRI
Westgate Industrial LP
|
Texas
|
||
WRI/7080
Express Lane, Inc.
|
Texas
|
||
WRI/Atlanta
Park, L.P.
|
Delaware
|
||
WRI/Atlanta
Park-3658, L.P.
|
Delaware
|
||
WRI/BIT
Retail JV, LP
|
Delaware
|
||
WRI/Chino
Hills, LLC
|
Delaware
|
||
WRI/Crosby
Venture
|
Texas
|
||
WRI/Dickinson
Venture
|
Texas
|
||
WRI/Falls
Pointe, LLC
|
Delaware
|
||
WRI/High
House LLC
|
Delaware
|
||
WRI/Hollywood
Hills, LLC
|
Delaware
|
||
WRI/Lone
Star, Inc.
|
Texas
|
||
WRI/Louisiana
Holdings, Inc.
|
Delaware
|
||
WRI/Miller
Westminster I LLC
|
Delaware
|
||
WRI/Miller
Westminster II LLC
|
Delaware
|
||
WRI/Pavilion,
Inc.
|
Texas
|
||
WRI/Pembroke,
Ltd.
|
Texas
|
||
WRI/Pitman
Corners, Inc.
|
Texas
|
||
WRI/Post
Oak, Inc.
|
Texas
|
||
WRI/Raleigh
LP
|
Delaware
|
||
WRI/Rancho
San Marcos, LLC
|
Delaware
|
||
WRI/Rockwall,
Inc.
|
Texas
|
||
WRI/Tamiami
Trail, LLC
|
Delaware
|
||
WRI/TEXLA,
LLC
|
Louisiana
|
||
WRI/Utah
Properties, L.P.
|
Delaware
|
||
WRI/West
Jordan LLC
|
Delaware
|
||
WRI-AEW
Lone Star Retail Portfolio, LLC
|
Delaware
|
||
WRI-GDC
Englewood, LLC
|
Delaware
|
||
WRI-IND
GP, LLC
|
Delaware
|
||
WRIJV,
LP
|
Delaware
|
||
WRI-RET
GP, LLC
|
Delaware
|
||
WRI-SRP
Chatham Crossing, LLC
|
Delaware
|
||
WRI-SRP
Cole Park Plaza, LLC
|
Delaware
|
||
WRI-SRP
Highlands Ranch, LLC
|
Delaware
|
||
WRI-SRP
Hilton Head, LLC
|
Delaware
|
||
WRI-SRP
Indian Harbour, LLC
|
Delaware
|
||
WRI-SRP
Lake Washington, LLC
|
Delaware
|
||
WRI-SRP
Paradise Isle Holdings, LLC
|
Delaware
|
||
WRI-SRP
Paradise Isle, LLC
|
Delaware
|
||
WRI-SRP
Shoppes of Port Charlotte Pad, LLC
|
Delaware
|
||
WRI-SRP
Shoppes of Port Charlotte, LLC
|
Delaware
|
||
WRI-SRP
Sunrise West, LLC
|
Delaware
|
||
WRI-TC
Alafaya Square, LLC
|
Delaware
|
||
WRI-TC
East Lake Woodlands, LLC
|
Delaware
|
||
WRI-TC
International Drive Value Center, LLC
|
Delaware
|
||
WRI-TC
Kendall Corners, LLC
|
Delaware
|
||
WRI-TC
Marketplace at Dr. Phillips, LLC
|
Delaware
|
||
WRI-TC
Palm Lakes Plaza, LLC
|
Delaware
|
||
WRI-TC
South Dade Shopping Center, LLC
|
Delaware
|
||
WRI-URS
Clackamas, LLC
|
Delaware
|
||
WRI-URS
Meridian, LLC
|
Delaware
|
||
WRI-URS
Mukilteo Speedway, LLC
|
Delaware
|
||
WRI-URS
Rainier Valley, LLC
|
Delaware
|
||
WRI-URS
Raleigh Hills, LLC
|
Delaware
|
||
WRI-URS
South Hill, LLC
|
Delaware
|
||
WT
Florida Ventures, LLC
|
Delaware
|
BY:
|
/s/
Andrew M. Alexander
|
|
Andrew
M. Alexander
|
||
President/Chief
Executive Officer
|
||
March
2, 2009
|
BY:
|
/s/
Stephen C. Richter
|
|
Stephen
C. Richter
|
||
Executive
Vice President/Chief Financial Officer
|
||
March
2, 2009
|
BY:
|
/s/
Andrew M. Alexander
|
|
Andrew
M. Alexander
|
||
President/Chief
Executive Officer
|
||
March
2, 2009
|
BY:
|
/s/
Stephen C. Richter
|
|
Stephen
C. Richter
|
||
Executive
Vice President/Chief Financial Officer
|
||
March
2, 2009
|