þ
|
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
☐
|
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
Maryland (Brixmor Property Group Inc.)
|
|
45-2433192
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Delaware (Brixmor Operating Partnership LP)
|
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80-0831163
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(State or Other Jurisdiction of Incorporation or Organization)
|
|
(I.R.S. Employer Identification No.)
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Title of each class
|
Name of each exchange on which registered
|
Common Stock, par value $0.01 per share.
|
New York Stock Exchange
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Brixmor Property Group Inc.
|
|
|
Brixmor Operating Partnership LP
|
||||||
Large accelerated filer
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þ
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Non-accelerated filer
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☐
|
|
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Large accelerated filer
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☐
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Non-accelerated filer
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þ
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Smaller reporting company
|
☐
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Accelerated filer
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☐
|
|
|
Smaller reporting company
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☐
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Accelerated filer
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☐
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(Do not check if a smaller reporting company)
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•
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Enhances investors’ understanding of the Parent Company and the Operating Partnership by enabling investors to view the business as a whole in the same manner as management views and operates the business;
|
•
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Eliminates duplicative disclosure and provides a more streamlined and readable presentation; and
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•
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Creates time and cost efficiencies through the preparation of one combined report instead of two separate reports.
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Item No.
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Page
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Part I
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||
1.
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Business
|
|
1A.
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Risk Factors
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|
1B.
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Unresolved Staff Comments
|
|
2.
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Properties
|
|
3.
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Legal Proceedings
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4.
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Mine Safety Disclosures
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Part II
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||
5.
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Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
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6.
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Selected Financial Data
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7.
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Management’s Discussion and Analysis of Financial Condition and Results of Operations
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7A.
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Quantitative and Qualitative Disclosures about Market Risk
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8
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Financial Statements and Supplementary Data
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9
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Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
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9A.
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Controls and Procedures
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9B
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Other Information
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Part III
|
||
10.
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Directors, Executive Officers, and Corporate Governance
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|
11.
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Executive Compensation
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|
12.
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Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
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13.
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Certain Relationships and Related Transactions, and Director Independence
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14.
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Principal Accountant Fees and Services
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Part IV
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||
15.
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Exhibits and Financial Statement Schedules
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Number of shopping centers
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512
|
GLA (square feet)
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86.0 million
|
Average shopping center GLA (square feet)
|
167,982
|
Leased Occupancy
|
93%
|
Average annualized base rent (“ABR”)/SF
(1)
|
$12.99
|
Percent grocery-anchored shopping centers
(2)
|
69%
|
Percent of ABR in top 50 U.S. MSAs
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65%
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Average effective age
(3)
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24 years
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Average population density
(4)
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190,000
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Average household income
(4)
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$82,000
|
(2)
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Based on total number of shopping centers.
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(3)
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Effective age is calculated based on the year of the most recent redevelopment of the shopping center or based on year built if no redevelopment has occurred.
|
•
|
Capitalizing on below-market expiring leases
|
•
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Achieving occupancy increases
|
•
|
Pursuing value-enhancing reinvestment opportunities
|
•
|
Prudently executing on acquisition and disposition activity designed to enhance concentrations in attractive retail submarkets and the long-term growth rate of our Portfolio
|
•
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Maintaining a flexible capital structure positioned for growth
|
•
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redemption or exchange rights of qualifying parties;
|
•
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transfer restrictions on the OP Units held directly or indirectly by BPG;
|
•
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our inability in some cases to amend the charter documents of the partnership agreement of the Operating Partnership without the consent of the holders of the Outstanding OP Units;
|
•
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the right of the holders of the Outstanding OP Units to consent to mergers involving us under specified circumstances;
|
•
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the right of the holders of the Outstanding OP Units to consent to transfers of the general partnership interest;
|
•
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the requirement to preserve the rights of OP Unit holders that may restrict us from amending the partnership agreement of our Operating Partnership.
|
•
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actual receipt of an improper benefit or profit in money, property or services; or
|
•
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active and deliberate dishonesty by the director or officer that was established by a final judgment and is material to the cause of action adjudicated.
|
•
|
acquire, hold and dispose of shares of BPG’s stock or OP Units for his or her own account or for the account of others, and exercise all of the rights of a stockholder of Brixmor Property Group Inc. or a limited partner of our Operating Partnership, to the same extent and in the same manner as if he, she or it were not BPG’s director or stockholder; and
|
•
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in his, her or its personal capacity or in his, her or its capacity as a director, officer, trustee, stockholder, partner, member, equity owner, manager, advisor or employee of any other person, have business interests and engage, directly or indirectly, in business activities that are similar to ours or compete with us, that involve a business opportunity that we could seize and develop or that include the acquisition, syndication, holding, management, development, operation or disposition of interests in mortgages, real property or persons engaged in the real estate business.
|
•
|
BPG would be taxed as a regular domestic corporation, which under current laws, among other things, means being unable to deduct distributions to stockholders in computing taxable income;
|
•
|
unless BPG were entitled to relief under applicable statutory provisions, BPG would be required to pay taxes, and thus, BPG’s cash available for distribution to stockholders would be reduced for each of the years during which BPG did not qualify as a REIT and for which BPG had taxable income;
|
•
|
any resulting tax liability could be substantial and could have a material adverse effect on BPG’s book value; and
|
•
|
BPG generally would not be eligible to requalify as a REIT for the subsequent four taxable years.
|
Retailer
|
|
Owned Leases
|
|
Leased GLA
|
|
Percent of Total
Portfolio GLA
|
|
Leased ABR
|
|
Percent of Portfolio Leased ABR
|
||||||
The Kroger Co.
|
|
71
|
|
|
4,646,159
|
|
|
5.4
|
%
|
|
$
|
31,995
|
|
|
3.3
|
%
|
The TJX Companies, Inc.
|
|
94
|
|
|
2,917,997
|
|
|
3.4
|
%
|
|
30,457
|
|
|
3.2
|
%
|
|
Dollar Tree Stores, Inc.
|
|
168
|
|
|
1,880,205
|
|
|
2.2
|
%
|
|
18,848
|
|
|
2.0
|
%
|
|
Publix Super Markets, Inc.
|
|
39
|
|
|
1,802,591
|
|
|
2.1
|
%
|
|
17,048
|
|
|
1.8
|
%
|
|
Wal-Mart Stores, Inc.
|
|
28
|
|
|
3,491,147
|
|
|
4.1
|
%
|
|
16,486
|
|
|
1.7
|
%
|
|
Ahold Delhaize
|
|
29
|
|
|
1,536,305
|
|
|
1.8
|
%
|
|
16,238
|
|
|
1.7
|
%
|
|
Albertsons Companies, Inc.
|
|
23
|
|
|
1,295,471
|
|
|
1.5
|
%
|
|
14,048
|
|
|
1.5
|
%
|
|
Burlington Stores, Inc.
|
|
20
|
|
|
1,452,122
|
|
|
1.7
|
%
|
|
11,340
|
|
|
1.2
|
%
|
|
Bed Bath & Beyond Inc.
|
|
30
|
|
|
736,350
|
|
|
0.9
|
%
|
|
9,394
|
|
|
1.0
|
%
|
|
Big Lots, Inc.
|
|
46
|
|
|
1,527,517
|
|
|
1.8
|
%
|
|
9,393
|
|
|
1.0
|
%
|
|
PetSmart, Inc.
|
|
30
|
|
|
652,714
|
|
|
0.8
|
%
|
|
9,391
|
|
|
1.0
|
%
|
|
Ross Stores, Inc.
|
|
31
|
|
|
860,356
|
|
|
1.0
|
%
|
|
9,366
|
|
|
1.0
|
%
|
|
Best Buy Co., Inc.
|
|
16
|
|
|
660,392
|
|
|
0.8
|
%
|
|
8,967
|
|
|
0.9
|
%
|
|
Sears Holdings Corporation
|
|
21
|
|
|
2,027,931
|
|
|
2.4
|
%
|
|
8,839
|
|
|
0.9
|
%
|
|
Office Depot, Inc.
|
|
32
|
|
|
705,127
|
|
|
0.8
|
%
|
|
7,870
|
|
|
0.8
|
%
|
|
PETCO Animal Supplies, Inc.
|
|
34
|
|
|
450,480
|
|
|
0.5
|
%
|
|
7,491
|
|
|
0.8
|
%
|
|
Kohl's Corporation
|
|
12
|
|
|
1,002,715
|
|
|
1.2
|
%
|
|
7,335
|
|
|
0.8
|
%
|
|
Staples, Inc.
|
|
28
|
|
|
586,564
|
|
|
0.7
|
%
|
|
7,064
|
|
|
0.7
|
%
|
|
Party City Corporation
|
|
34
|
|
|
480,983
|
|
|
0.6
|
%
|
|
7,051
|
|
|
0.7
|
%
|
|
DICK'S Sporting Goods, Inc.
|
|
12
|
|
|
493,856
|
|
|
0.6
|
%
|
|
6,660
|
|
|
0.7
|
%
|
|
TOP 20 RETAILERS
|
|
798
|
|
|
29,206,982
|
|
|
34.3
|
%
|
|
$
|
255,281
|
|
|
26.7
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Percent of
|
|
|
|
|
||||||||||||
|
|
|
Number of
|
|
|
|
Percent
|
|
Percent
|
|
|
|
|
|
Number of
|
|
Percent
|
|
Percent
|
||||||||||||
|
State
|
|
Properties
|
|
GLA
|
|
Billed
|
|
Leased
|
|
ABR
|
|
ABR / SF
(1)
|
|
Properties
|
|
of GLA
|
|
of ABR
|
||||||||||||
1
|
|
Texas
|
|
65
|
|
|
9,484,409
|
|
|
90.1
|
%
|
|
92.6
|
%
|
|
$
|
107,540
|
|
|
$
|
13.02
|
|
|
12.7
|
%
|
|
11.0
|
%
|
|
11.2
|
%
|
2
|
|
Florida
|
|
56
|
|
|
8,787,102
|
|
|
89.5
|
%
|
|
91.5
|
%
|
|
104,873
|
|
|
13.53
|
|
|
10.9
|
%
|
|
10.2
|
%
|
|
10.9
|
%
|
||
3
|
|
California
|
|
30
|
|
|
5,963,224
|
|
|
95.6
|
%
|
|
98.0
|
%
|
|
97,122
|
|
|
17.95
|
|
|
5.9
|
%
|
|
6.9
|
%
|
|
10.1
|
%
|
||
4
|
|
Pennsylvania
|
|
35
|
|
|
5,928,279
|
|
|
92.8
|
%
|
|
94.5
|
%
|
|
67,166
|
|
|
14.31
|
|
|
6.8
|
%
|
|
6.9
|
%
|
|
7.0
|
%
|
||
5
|
|
New York
|
|
33
|
|
|
4,340,537
|
|
|
89.3
|
%
|
|
91.3
|
%
|
|
65,401
|
|
|
16.91
|
|
|
6.4
|
%
|
|
5.0
|
%
|
|
6.8
|
%
|
||
6
|
|
Illinois
|
|
24
|
|
|
4,856,592
|
|
|
88.5
|
%
|
|
91.3
|
%
|
|
52,362
|
|
|
12.25
|
|
|
4.7
|
%
|
|
5.7
|
%
|
|
5.5
|
%
|
||
7
|
|
Georgia
|
|
37
|
|
|
5,262,166
|
|
|
88.2
|
%
|
|
91.0
|
%
|
|
47,438
|
|
|
10.11
|
|
|
7.2
|
%
|
|
6.1
|
%
|
|
4.9
|
%
|
||
8
|
|
New Jersey
|
|
18
|
|
|
3,088,237
|
|
|
90.5
|
%
|
|
92.0
|
%
|
|
41,951
|
|
|
15.70
|
|
|
3.5
|
%
|
|
3.6
|
%
|
|
4.4
|
%
|
||
9
|
|
Ohio
|
|
23
|
|
|
4,305,805
|
|
|
91.0
|
%
|
|
93.7
|
%
|
|
41,912
|
|
|
11.76
|
|
|
4.5
|
%
|
|
5.0
|
%
|
|
4.4
|
%
|
||
10
|
|
North Carolina
|
|
21
|
|
|
4,326,381
|
|
|
89.3
|
%
|
|
91.5
|
%
|
|
41,419
|
|
|
11.19
|
|
|
4.1
|
%
|
|
5.0
|
%
|
|
4.4
|
%
|
||
11
|
|
Michigan
|
|
19
|
|
|
3,660,577
|
|
|
89.8
|
%
|
|
93.5
|
%
|
|
33,912
|
|
|
12.43
|
|
|
3.7
|
%
|
|
4.3
|
%
|
|
3.5
|
%
|
||
12
|
|
Connecticut
|
|
15
|
|
|
2,260,206
|
|
|
93.1
|
%
|
|
93.6
|
%
|
|
30,164
|
|
|
15.24
|
|
|
2.9
|
%
|
|
2.7
|
%
|
|
3.1
|
%
|
||
13
|
|
Tennessee
|
|
15
|
|
|
3,063,908
|
|
|
91.1
|
%
|
|
93.9
|
%
|
|
29,853
|
|
|
10.91
|
|
|
2.9
|
%
|
|
3.6
|
%
|
|
3.1
|
%
|
||
14
|
|
Kentucky
|
|
12
|
|
|
2,600,414
|
|
|
98.2
|
%
|
|
98.4
|
%
|
|
22,809
|
|
|
9.49
|
|
|
2.3
|
%
|
|
3.1
|
%
|
|
2.4
|
%
|
||
15
|
|
Massachusetts
|
|
11
|
|
|
1,873,814
|
|
|
92.8
|
%
|
|
93.6
|
%
|
|
20,983
|
|
|
15.24
|
|
|
2.1
|
%
|
|
2.2
|
%
|
|
2.2
|
%
|
||
16
|
|
Colorado
|
|
6
|
|
|
1,471,970
|
|
|
89.9
|
%
|
|
94.0
|
%
|
|
18,667
|
|
|
13.55
|
|
|
1.2
|
%
|
|
1.7
|
%
|
|
1.9
|
%
|
||
17
|
|
Minnesota
|
|
10
|
|
|
1,471,078
|
|
|
89.2
|
%
|
|
90.5
|
%
|
|
15,875
|
|
|
12.69
|
|
|
2.0
|
%
|
|
1.7
|
%
|
|
1.7
|
%
|
||
18
|
|
Indiana
|
|
12
|
|
|
1,977,752
|
|
|
84.8
|
%
|
|
88.2
|
%
|
|
15,796
|
|
|
10.21
|
|
|
2.3
|
%
|
|
2.3
|
%
|
|
1.7
|
%
|
||
19
|
|
Virginia
|
|
11
|
|
|
1,446,508
|
|
|
87.5
|
%
|
|
88.4
|
%
|
|
14,624
|
|
|
12.03
|
|
|
2.1
|
%
|
|
1.7
|
%
|
|
1.5
|
%
|
||
20
|
|
South Carolina
|
|
8
|
|
|
1,368,161
|
|
|
84.2
|
%
|
|
86.7
|
%
|
|
13,623
|
|
|
11.74
|
|
|
1.6
|
%
|
|
1.6
|
%
|
|
1.4
|
%
|
||
21
|
|
Maryland
|
|
5
|
|
|
776,427
|
|
|
99.7
|
%
|
|
99.7
|
%
|
|
10,047
|
|
|
13.03
|
|
|
1.0
|
%
|
|
0.9
|
%
|
|
1.0
|
%
|
||
22
|
|
Nevada
|
|
3
|
|
|
613,061
|
|
|
94.3
|
%
|
|
95.4
|
%
|
|
8,346
|
|
|
16.17
|
|
|
0.6
|
%
|
|
0.7
|
%
|
|
0.9
|
%
|
||
23
|
|
New Hampshire
|
|
5
|
|
|
772,770
|
|
|
80.1
|
%
|
|
88.9
|
%
|
|
7,518
|
|
|
14.05
|
|
|
1.0
|
%
|
|
0.9
|
%
|
|
0.8
|
%
|
||
24
|
|
Wisconsin
|
|
5
|
|
|
760,882
|
|
|
89.1
|
%
|
|
90.3
|
%
|
|
7,193
|
|
|
10.47
|
|
|
1.0
|
%
|
|
0.9
|
%
|
|
0.8
|
%
|
||
25
|
|
Alabama
|
|
4
|
|
|
984,573
|
|
|
92.0
|
%
|
|
92.3
|
%
|
|
7,120
|
|
|
9.73
|
|
|
0.8
|
%
|
|
1.1
|
%
|
|
0.7
|
%
|
||
26
|
|
Missouri
|
|
6
|
|
|
862,861
|
|
|
87.3
|
%
|
|
88.4
|
%
|
|
6,194
|
|
|
8.26
|
|
|
1.2
|
%
|
|
1.0
|
%
|
|
0.6
|
%
|
||
27
|
|
Iowa
|
|
4
|
|
|
723,408
|
|
|
90.0
|
%
|
|
93.8
|
%
|
|
4,356
|
|
|
6.52
|
|
|
0.8
|
%
|
|
0.8
|
%
|
|
0.5
|
%
|
||
28
|
|
Louisiana
|
|
4
|
|
|
612,250
|
|
|
96.0
|
%
|
|
96.8
|
%
|
|
3,946
|
|
|
6.66
|
|
|
0.8
|
%
|
|
0.7
|
%
|
|
0.4
|
%
|
||
29
|
|
Mississippi
|
|
2
|
|
|
333,275
|
|
|
96.3
|
%
|
|
96.3
|
%
|
|
3,538
|
|
|
11.22
|
|
|
0.4
|
%
|
|
0.4
|
%
|
|
0.4
|
%
|
||
30
|
|
Kansas
|
|
2
|
|
|
367,779
|
|
|
90.4
|
%
|
|
92.7
|
%
|
|
2,996
|
|
|
11.35
|
|
|
0.4
|
%
|
|
0.4
|
%
|
|
0.3
|
%
|
||
31
|
|
Arizona
|
|
2
|
|
|
288,110
|
|
|
76.9
|
%
|
|
78.8
|
%
|
|
2,792
|
|
|
12.30
|
|
|
0.4
|
%
|
|
0.3
|
%
|
|
0.3
|
%
|
||
32
|
|
Delaware
|
|
1
|
|
|
191,974
|
|
|
100.0
|
%
|
|
100.0
|
%
|
|
2,348
|
|
|
12.23
|
|
|
0.2
|
%
|
|
0.2
|
%
|
|
0.2
|
%
|
||
33
|
|
West Virginia
|
|
2
|
|
|
251,500
|
|
|
98.8
|
%
|
|
98.8
|
%
|
|
2,051
|
|
|
8.25
|
|
|
0.4
|
%
|
|
0.3
|
%
|
|
0.2
|
%
|
||
34
|
|
Vermont
|
|
1
|
|
|
224,514
|
|
|
98.6
|
%
|
|
98.6
|
%
|
|
1,970
|
|
|
8.90
|
|
|
0.2
|
%
|
|
0.3
|
%
|
|
0.2
|
%
|
||
35
|
|
Maine
|
|
1
|
|
|
287,513
|
|
|
99.3
|
%
|
|
99.3
|
%
|
|
1,964
|
|
|
16.76
|
|
|
0.2
|
%
|
|
0.3
|
%
|
|
0.2
|
%
|
||
36
|
|
Oklahoma
|
|
1
|
|
|
186,851
|
|
|
100.0
|
%
|
|
100.0
|
%
|
|
1,792
|
|
|
9.59
|
|
|
0.2
|
%
|
|
0.2
|
%
|
|
0.2
|
%
|
||
37
|
|
Rhode Island
|
|
1
|
|
|
148,126
|
|
|
83.8
|
%
|
|
83.8
|
%
|
|
1,356
|
|
|
10.92
|
|
|
0.2
|
%
|
|
0.2
|
%
|
|
0.1
|
%
|
||
38
|
|
New Mexico
|
|
2
|
|
|
83,800
|
|
|
100.0
|
%
|
|
100.0
|
%
|
|
966
|
|
|
11.53
|
|
|
0.4
|
%
|
|
0.1
|
%
|
|
0.1
|
%
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
TOTAL
|
|
512
|
|
|
86,006,794
|
|
|
90.7
|
%
|
|
92.8
|
%
|
|
$
|
959,983
|
|
|
$
|
12.99
|
|
|
100.0
|
%
|
|
100.0
|
%
|
|
100.0
|
%
|
|
Number of
Units
|
|
GLA
|
|
Percent Billed
|
|
Percent Leased
|
|
Percent of Vacant GLA
|
|
ABR
|
|
ABR/SF
(1)
|
|||||||||
≥ 35,000 SF
|
574
|
|
|
35,628,875
|
|
|
96.6
|
%
|
|
97.9
|
%
|
|
12.3
|
%
|
|
$
|
278,230
|
|
|
$
|
9.27
|
|
20,000 – 34,999 SF
|
556
|
|
|
14,644,193
|
|
|
92.4
|
%
|
|
95.3
|
%
|
|
11.3
|
%
|
|
136,158
|
|
|
9.91
|
|
||
10,000 - 19,999 SF
|
747
|
|
|
10,184,394
|
|
|
88.7
|
%
|
|
91.1
|
%
|
|
14.8
|
%
|
|
116,555
|
|
|
12.90
|
|
||
5,000 - 9,999 SF
|
1,375
|
|
|
9,467,031
|
|
|
83.3
|
%
|
|
86.5
|
%
|
|
20.8
|
%
|
|
129,198
|
|
|
16.40
|
|
||
< 5,000 SF
|
7,746
|
|
|
16,082,301
|
|
|
81.5
|
%
|
|
84.3
|
%
|
|
40.8
|
%
|
|
299,842
|
|
|
22.66
|
|
||
TOTAL
|
10,998
|
|
|
86,006,794
|
|
|
90.7
|
%
|
|
92.8
|
%
|
|
100.0
|
%
|
|
$
|
959,983
|
|
|
$
|
12.99
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||
TOTAL ≥ 10,000 SF
|
1,877
|
|
|
60,457,462
|
|
|
94.2
|
%
|
|
96.1
|
%
|
|
38.4
|
%
|
|
$
|
530,943
|
|
|
$
|
10.06
|
|
TOTAL < 10,000 SF
|
9,121
|
|
|
25,549,332
|
|
|
82.2
|
%
|
|
85.1
|
%
|
|
61.6
|
%
|
|
429,040
|
|
|
20.32
|
|
|
|
Number of Leases
|
|
Leased GLA
|
|
% of Leased GLA
|
|
% of In-Place ABR
|
|
In-Place ABR/SF
|
|
ABR/SF at Expiration
|
||||||||
M-M
|
|
307
|
|
|
856,675
|
|
|
1.1
|
%
|
|
1.3
|
%
|
|
$
|
14.32
|
|
|
$
|
14.32
|
|
2017
|
|
1,463
|
|
|
7,738,485
|
|
|
9.7
|
%
|
|
10.1
|
%
|
|
12.55
|
|
|
12.56
|
|
||
2018
|
|
1,600
|
|
|
9,973,312
|
|
|
12.5
|
%
|
|
13.2
|
%
|
|
12.70
|
|
|
12.79
|
|
||
2019
|
|
1,477
|
|
|
10,884,436
|
|
|
13.6
|
%
|
|
13.3
|
%
|
|
11.75
|
|
|
11.89
|
|
||
2020
|
|
1,283
|
|
|
11,552,592
|
|
|
14.5
|
%
|
|
13.4
|
%
|
|
11.11
|
|
|
11.32
|
|
||
2021
|
|
1,172
|
|
|
10,401,714
|
|
|
13.0
|
%
|
|
12.8
|
%
|
|
11.80
|
|
|
12.11
|
|
||
2022
|
|
597
|
|
|
6,985,055
|
|
|
8.7
|
%
|
|
8.2
|
%
|
|
11.26
|
|
|
12.01
|
|
||
2023
|
|
301
|
|
|
3,443,046
|
|
|
4.3
|
%
|
|
4.1
|
%
|
|
11.48
|
|
|
12.37
|
|
||
2024
|
|
310
|
|
|
3,734,494
|
|
|
4.7
|
%
|
|
4.6
|
%
|
|
11.80
|
|
|
12.87
|
|
||
2025
|
|
275
|
|
|
3,175,408
|
|
|
4.0
|
%
|
|
4.4
|
%
|
|
13.39
|
|
|
14.48
|
|
||
2026
|
|
323
|
|
|
3,266,969
|
|
|
4.1
|
%
|
|
4.9
|
%
|
|
14.52
|
|
|
15.75
|
|
||
2027+
|
|
378
|
|
|
7,832,731
|
|
|
9.8
|
%
|
|
9.7
|
%
|
|
11.84
|
|
|
13.59
|
|
•
|
first, the Operating Partnership makes distributions to those of its partners which are holders of OP Units, including BPG Sub. When the Operating Partnership makes such distributions, in addition to BPG Sub and its
|
•
|
second, BPG Sub distributes to Brixmor Property Group Inc. its share of such distributions; and
|
•
|
third, Brixmor Property Group Inc. distributes the amount authorized by its Board of Directors and declared by Brixmor Property Group Inc. to its common stockholders on a pro rata basis.
|
BRIXMOR PROPERTY GROUP INC. AND SUBSIDIARIES
|
|||||||||||||||||||
CONSOLIDATED STATEMENTS OF OPERATIONS
|
|||||||||||||||||||
(in thousands, except per share data)
|
|||||||||||||||||||
|
Year Ended December 31,
|
||||||||||||||||||
|
2016
|
|
2015
|
|
2014
|
|
2013
|
|
2012
|
||||||||||
Revenues
|
|
|
|
|
|
|
|
|
|
||||||||||
Rental income
|
$
|
998,118
|
|
|
$
|
984,548
|
|
|
$
|
960,715
|
|
|
$
|
887,466
|
|
|
$
|
851,311
|
|
Expense reimbursements
|
270,548
|
|
|
276,032
|
|
|
268,035
|
|
|
242,803
|
|
|
225,710
|
|
|||||
Other revenues
|
7,106
|
|
|
5,400
|
|
|
7,849
|
|
|
16,135
|
|
|
11,233
|
|
|||||
Total revenues
|
1,275,772
|
|
|
1,265,980
|
|
|
1,236,599
|
|
|
1,146,404
|
|
|
1,088,254
|
|
|||||
|
|
|
|
|
|
|
|
|
|
||||||||||
Operating expenses
|
|
|
|
|
|
|
|
|
|
||||||||||
Operating costs
|
133,429
|
|
|
129,477
|
|
|
129,148
|
|
|
116,522
|
|
|
118,876
|
|
|||||
Real estate taxes
|
174,487
|
|
|
180,911
|
|
|
179,504
|
|
|
168,468
|
|
|
155,142
|
|
|||||
Depreciation and amortization
|
387,302
|
|
|
417,935
|
|
|
441,630
|
|
|
438,547
|
|
|
488,524
|
|
|||||
Provision for doubtful accounts
|
9,182
|
|
|
9,540
|
|
|
11,537
|
|
|
10,899
|
|
|
11,542
|
|
|||||
Impairment of real estate assets
|
5,154
|
|
|
1,005
|
|
|
—
|
|
|
1,531
|
|
|
—
|
|
|||||
General and administrative
|
92,248
|
|
|
98,454
|
|
|
80,175
|
|
|
121,082
|
|
|
88,936
|
|
|||||
Total operating expenses
|
801,802
|
|
|
837,322
|
|
|
841,994
|
|
|
857,049
|
|
|
863,020
|
|
|||||
|
|
|
|
|
|
|
|
|
|
||||||||||
Other income (expense)
|
|
|
|
|
|
|
|
|
|
||||||||||
Dividends and interest
|
542
|
|
|
315
|
|
|
602
|
|
|
832
|
|
|
1,138
|
|
|||||
Interest expense
|
(226,671
|
)
|
|
(245,012
|
)
|
|
(262,812
|
)
|
|
(343,193
|
)
|
|
(376,237
|
)
|
|||||
Gain on sale of real estate assets and acquisition of joint venture interest
|
35,613
|
|
|
11,744
|
|
|
378
|
|
|
2,223
|
|
|
501
|
|
|||||
Gain (loss) on extinguishment of debt, net
|
(832
|
)
|
|
1,720
|
|
|
(13,761
|
)
|
|
(20,028
|
)
|
|
—
|
|
|||||
Other
|
(4,957
|
)
|
|
(348
|
)
|
|
(8,431
|
)
|
|
(11,014
|
)
|
|
(1,045
|
)
|
|||||
Total other expense
|
(196,305
|
)
|
|
(231,581
|
)
|
|
(284,024
|
)
|
|
(371,180
|
)
|
|
(375,643
|
)
|
|||||
|
|
|
|
|
|
|
|
|
|
||||||||||
Income (loss) before equity in income of unconsolidated joint ventures
|
277,665
|
|
|
197,077
|
|
|
110,581
|
|
|
(81,825
|
)
|
|
(150,409
|
)
|
|||||
Equity in income of unconsolidated joint ventures
|
477
|
|
|
459
|
|
|
370
|
|
|
1,167
|
|
|
687
|
|
|||||
Gain on disposition of investments in unconsolidated joint ventures
|
—
|
|
|
—
|
|
|
1,820
|
|
|
—
|
|
|
—
|
|
|||||
Impairment of investment in unconsolidated joint ventures
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(314
|
)
|
|||||
Income (loss) from continuing operations
|
278,142
|
|
|
197,536
|
|
|
112,771
|
|
|
(80,658
|
)
|
|
(150,036
|
)
|
|||||
|
|
|
|
|
|
|
|
|
|
||||||||||
Discontinued operations
|
|
|
|
|
|
|
|
|
|
||||||||||
Income (loss) from discontinued operations
|
—
|
|
|
—
|
|
|
4,909
|
|
|
3,505
|
|
|
(2,447
|
)
|
|||||
Gain on disposition of operating properties
|
—
|
|
|
—
|
|
|
15,171
|
|
|
3,392
|
|
|
5,369
|
|
|||||
Impairment of real estate held for sale
|
—
|
|
|
—
|
|
|
—
|
|
|
(45,122
|
)
|
|
(13,599
|
)
|
|||||
Income (loss) from discontinued operations
|
—
|
|
|
—
|
|
|
20,080
|
|
|
(38,225
|
)
|
|
(10,677
|
)
|
|||||
|
|
|
|
|
|
|
|
|
|
||||||||||
Net income (loss)
|
278,142
|
|
|
197,536
|
|
|
132,851
|
|
|
(118,883
|
)
|
|
(160,713
|
)
|
|||||
|
|
|
|
|
|
|
|
|
|
||||||||||
Net (income) loss attributable to non-controlling interests
|
(2,514
|
)
|
|
(3,816
|
)
|
|
(43,849
|
)
|
|
25,349
|
|
|
38,146
|
|
|||||
|
|
|
|
|
|
|
|
|
|
||||||||||
Net income (loss) attributable to Brixmor Property Group Inc.
|
275,628
|
|
|
193,720
|
|
|
89,002
|
|
|
(93,534
|
)
|
|
(122,567
|
)
|
|||||
|
|
|
|
|
|
|
|
|
|
||||||||||
Preferred stock dividends
|
(150
|
)
|
|
(150
|
)
|
|
(150
|
)
|
|
(162
|
)
|
|
(296
|
)
|
|||||
Net income (loss) attributable to common stockholders
|
$
|
275,478
|
|
|
$
|
193,570
|
|
|
$
|
88,852
|
|
|
$
|
(93,696
|
)
|
|
$
|
(122,863
|
)
|
Per common share:
|
|
|
|
|
|
|
|
|
|
||||||||||
Income (loss) from continuing operations:
|
|
|
|
|
|
|
|
|
|
||||||||||
Basic
|
$
|
0.91
|
|
|
$
|
0.65
|
|
|
$
|
0.36
|
|
|
$
|
(0.33
|
)
|
|
$
|
(0.64
|
)
|
Diluted
|
$
|
0.91
|
|
|
$
|
0.65
|
|
|
$
|
0.36
|
|
|
$
|
(0.33
|
)
|
|
$
|
(0.64
|
)
|
Net income (loss) attributable to common stockholders:
|
|
|
|
|
|
|
|
|
|
||||||||||
Basic
|
$
|
0.91
|
|
|
$
|
0.65
|
|
|
$
|
0.36
|
|
|
$
|
(0.50
|
)
|
|
$
|
(0.68
|
)
|
Diluted
|
$
|
0.91
|
|
|
$
|
0.65
|
|
|
$
|
0.36
|
|
|
$
|
(0.50
|
)
|
|
$
|
(0.68
|
)
|
Weighted average shares:
|
|
|
|
|
|
|
|
|
|
||||||||||
Basic
|
301,601
|
|
|
298,004
|
|
|
243,390
|
|
|
188,993
|
|
|
180,675
|
|
|||||
Diluted
|
305,060
|
|
|
305,017
|
|
|
244,588
|
|
|
188,993
|
|
|
180,675
|
|
|||||
Cash dividends declared per common share
|
$
|
0.995
|
|
|
$
|
0.92
|
|
|
$
|
0.825
|
|
|
$
|
0.127
|
|
|
$
|
—
|
|
BRIXMOR PROPERTY GROUP INC. AND SUBSIDIARIES
|
||||||||||||||||||||
SELECT BALANCE SHEET INFORMATION
|
||||||||||||||||||||
(in thousands)
|
||||||||||||||||||||
|
|
December 31,
|
||||||||||||||||||
Balance Sheet Data as of the end of each year
|
|
2016
|
|
2015
|
|
2014
|
|
2013
|
|
2012
|
||||||||||
Real estate, net
|
|
$
|
8,842,004
|
|
|
$
|
9,052,165
|
|
|
$
|
9,253,015
|
|
|
$
|
9,647,558
|
|
|
$
|
9,098,130
|
|
Total assets
|
|
$
|
9,319,685
|
|
|
$
|
9,498,007
|
|
|
$
|
9,681,913
|
|
|
$
|
10,143,487
|
|
|
$
|
9,569,544
|
|
Debt obligations, net
(1)
|
|
$
|
5,838,889
|
|
|
$
|
5,974,266
|
|
|
$
|
6,022,508
|
|
|
$
|
5,952,860
|
|
|
$
|
6,465,171
|
|
Total liabilities
|
|
$
|
6,392,525
|
|
|
$
|
6,577,705
|
|
|
$
|
6,701,610
|
|
|
$
|
6,837,500
|
|
|
$
|
7,271,723
|
|
Redeemable non-controlling interests
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
21,467
|
|
|
$
|
21,467
|
|
Total equity
|
|
$
|
2,927,160
|
|
|
$
|
2,920,302
|
|
|
$
|
2,980,303
|
|
|
$
|
3,284,520
|
|
|
$
|
2,276,354
|
|
BRIXMOR OPERATING PARTNERSHIP LP AND SUBSIDIARIES
|
|||||||||||||||||||
CONSOLIDATED STATEMENTS OF OPERATIONS
|
|||||||||||||||||||
(in thousands, except per share data)
|
|||||||||||||||||||
|
Year Ended December 31,
|
||||||||||||||||||
|
2016
|
|
2015
|
|
2014
|
|
2013
|
|
2012
|
||||||||||
Revenues
|
|
|
|
|
|
|
|
|
|
||||||||||
Rental income
|
$
|
998,118
|
|
|
$
|
984,548
|
|
|
$
|
960,715
|
|
|
$
|
887,466
|
|
|
$
|
851,311
|
|
Expense reimbursements
|
270,548
|
|
|
276,032
|
|
|
268,035
|
|
|
242,803
|
|
|
225,710
|
|
|||||
Other revenues
|
7,106
|
|
|
5,400
|
|
|
7,849
|
|
|
16,135
|
|
|
11,233
|
|
|||||
Total revenues
|
1,275,772
|
|
|
1,265,980
|
|
|
1,236,599
|
|
|
1,146,404
|
|
|
1,088,254
|
|
|||||
|
|
|
|
|
|
|
|
|
|
||||||||||
Operating expenses
|
|
|
|
|
|
|
|
|
|
||||||||||
Operating costs
|
133,429
|
|
|
129,477
|
|
|
129,148
|
|
|
116,522
|
|
|
118,876
|
|
|||||
Real estate taxes
|
174,487
|
|
|
180,911
|
|
|
179,504
|
|
|
168,468
|
|
|
155,142
|
|
|||||
Depreciation and amortization
|
387,302
|
|
|
417,935
|
|
|
441,630
|
|
|
438,547
|
|
|
488,524
|
|
|||||
Provision for doubtful accounts
|
9,182
|
|
|
9,540
|
|
|
11,537
|
|
|
10,899
|
|
|
11,542
|
|
|||||
Impairment of real estate assets
|
5,154
|
|
|
1,005
|
|
|
—
|
|
|
1,531
|
|
|
—
|
|
|||||
General and administrative
|
92,248
|
|
|
98,454
|
|
|
80,175
|
|
|
121,078
|
|
|
88,931
|
|
|||||
Total operating expenses
|
801,802
|
|
|
837,322
|
|
|
841,994
|
|
|
857,045
|
|
|
863,015
|
|
|||||
|
|
|
|
|
|
|
|
|
|
||||||||||
Other income (expense)
|
|
|
|
|
|
|
|
|
|
||||||||||
Dividends and interest
|
542
|
|
|
315
|
|
|
602
|
|
|
825
|
|
|
1,125
|
|
|||||
Interest expense
|
(226,671
|
)
|
|
(245,012
|
)
|
|
(262,812
|
)
|
|
(343,193
|
)
|
|
(376,237
|
)
|
|||||
Gain on sale of real estate assets and acquisition of joint venture interest
|
35,613
|
|
|
11,744
|
|
|
378
|
|
|
2,223
|
|
|
501
|
|
|||||
Gain (loss) on extinguishment of debt, net
|
(832
|
)
|
|
1,720
|
|
|
(13,761
|
)
|
|
(20,028
|
)
|
|
—
|
|
|||||
Other
|
(4,957
|
)
|
|
(348
|
)
|
|
(8,431
|
)
|
|
(11,005
|
)
|
|
(513
|
)
|
|||||
Total other expense
|
(196,305
|
)
|
|
(231,581
|
)
|
|
(284,024
|
)
|
|
(371,178
|
)
|
|
(375,124
|
)
|
|||||
|
|
|
|
|
|
|
|
|
|
||||||||||
Income (loss) before equity in income of unconsolidated joint ventures
|
277,665
|
|
|
197,077
|
|
|
110,581
|
|
|
(81,819
|
)
|
|
(149,885
|
)
|
|||||
Equity in income of unconsolidated joint ventures
|
477
|
|
|
459
|
|
|
370
|
|
|
1,167
|
|
|
687
|
|
|||||
Gain on disposition of investments in unconsolidated joint ventures
|
—
|
|
|
—
|
|
|
1,820
|
|
|
—
|
|
|
—
|
|
|||||
Impairment of investment in unconsolidated joint ventures
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(314
|
)
|
|||||
Income (loss) from continuing operations
|
278,142
|
|
|
197,536
|
|
|
112,771
|
|
|
(80,652
|
)
|
|
(149,512
|
)
|
|||||
|
|
|
|
|
|
|
|
|
|
||||||||||
Discontinued operations
|
|
|
|
|
|
|
|
|
|
||||||||||
Income (loss) from discontinued operations
|
—
|
|
|
—
|
|
|
4,909
|
|
|
3,505
|
|
|
(2,447
|
)
|
|||||
Gain on disposition of operating properties
|
—
|
|
|
—
|
|
|
15,171
|
|
|
3,392
|
|
|
5,369
|
|
|||||
Impairment on real estate held for sale
|
—
|
|
|
—
|
|
|
—
|
|
|
(45,122
|
)
|
|
(13,599
|
)
|
|||||
Income (loss) from discontinued operations
|
—
|
|
|
—
|
|
|
20,080
|
|
|
(38,225
|
)
|
|
(10,677
|
)
|
|||||
|
|
|
|
|
|
|
|
|
|
||||||||||
Net income (loss)
|
278,142
|
|
|
197,536
|
|
|
132,851
|
|
|
(118,877
|
)
|
|
(160,189
|
)
|
|||||
|
|
|
|
|
|
|
|
|
|
||||||||||
Net income attributable to non-controlling interests
|
—
|
|
|
—
|
|
|
(1,181
|
)
|
|
(1,355
|
)
|
|
(1,306
|
)
|
|||||
|
|
|
|
|
|
|
|
|
|
||||||||||
Net income (loss) attributable to Brixmor Operating Partnership LP
|
$
|
278,142
|
|
|
$
|
197,536
|
|
|
$
|
131,670
|
|
|
$
|
(120,232
|
)
|
|
$
|
(161,495
|
)
|
Net income (loss) attributable to:
|
|
|
|
|
|
|
|
|
|
||||||||||
Series A interest
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
21,014
|
|
|
$
|
3,451
|
|
|
$
|
—
|
|
Partnership common units
|
278,142
|
|
|
197,536
|
|
|
110,656
|
|
|
(123,683
|
)
|
|
(161,495
|
)
|
|||||
Net income (loss) attributable to Brixmor Operating Partnership LP
|
$
|
278,142
|
|
|
$
|
197,536
|
|
|
$
|
131,670
|
|
|
$
|
(120,232
|
)
|
|
$
|
(161,495
|
)
|
Per common unit:
|
|
|
|
|
|
|
|
|
|
||||||||||
Income (loss) from continuing operations:
|
|
|
|
|
|
|
|
|
|
||||||||||
Basic
|
$
|
0.91
|
|
|
$
|
0.65
|
|
|
$
|
0.36
|
|
|
$
|
(0.33
|
)
|
|
$
|
(0.63
|
)
|
Diluted
|
$
|
0.91
|
|
|
$
|
0.65
|
|
|
$
|
0.36
|
|
|
$
|
(0.33
|
)
|
|
$
|
(0.63
|
)
|
Net income (loss) attributable to partnership common units:
|
|
|
|
|
|
|
|
|
|
||||||||||
Basic
|
$
|
0.91
|
|
|
$
|
0.65
|
|
|
$
|
0.36
|
|
|
$
|
(0.50
|
)
|
|
$
|
(0.68
|
)
|
Diluted
|
$
|
0.91
|
|
|
$
|
0.65
|
|
|
$
|
0.36
|
|
|
$
|
(0.50
|
)
|
|
$
|
(0.68
|
)
|
Weighted average number of partnership common units:
|
|
|
|
|
|
|
|
|
|
||||||||||
Basic
|
304,600
|
|
|
303,992
|
|
|
302,540
|
|
|
250,109
|
|
|
238,834
|
|
|||||
Diluted
|
305,059
|
|
|
305,017
|
|
|
303,738
|
|
|
250,109
|
|
|
238,834
|
|
BRIXMOR OPERATING PARTNERSHIP LP AND SUBSIDIARIES
|
||||||||||||||||||||
SELECT BALANCE SHEET INFORMATION
|
||||||||||||||||||||
(in thousands)
|
||||||||||||||||||||
|
|
December 31,
|
||||||||||||||||||
Balance Sheet Data as of the end of each year
|
|
2016
|
|
2015
|
|
2014
|
|
2013
|
|
2012
|
||||||||||
Real estate, net
|
|
$
|
8,842,004
|
|
|
$
|
9,052,165
|
|
|
$
|
9,253,015
|
|
|
$
|
9,647,558
|
|
|
$
|
9,098,130
|
|
Total assets
|
|
$
|
9,319,434
|
|
|
$
|
9,497,775
|
|
|
$
|
9,681,566
|
|
|
$
|
10,142,381
|
|
|
$
|
9,563,725
|
|
Debt obligations, net
(1)
|
|
$
|
5,838,889
|
|
|
$
|
5,974,266
|
|
|
$
|
6,022,508
|
|
|
$
|
5,952,860
|
|
|
$
|
6,465,171
|
|
Total liabilities
|
|
$
|
6,392,525
|
|
|
$
|
6,577,705
|
|
|
$
|
6,701,610
|
|
|
$
|
6,837,490
|
|
|
$
|
7,271,721
|
|
Redeemable non-controlling interests
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
21,467
|
|
|
$
|
21,467
|
|
Total capital
|
|
$
|
2,926,909
|
|
|
$
|
2,920,070
|
|
|
$
|
2,979,956
|
|
|
$
|
3,283,424
|
|
|
$
|
2,270,537
|
|
•
|
Expansive Retailer Relationships - We believe that given the scale of our asset base and our nationwide footprint, we have a competitive advantage in supporting the growth objectives of the nation’s largest retailers. We believe that we are the largest landlord by GLA to Kroger and TJX Companies, as well as a key landlord to major grocers and most major retail category leaders. We believe that our strong relationships with leading retailers afford us insight into their strategies and priority access to their expansion plans.
|
•
|
Fully-Integrated Operating Platform - We manage a fully-integrated, operating platform, leveraging our national scope and demonstrating our commitment to operating with a strong regional and local presence. We provide our tenants with dedicated service through both our national accounts leasing team based in New York and our network of four regional offices in Atlanta, Chicago, San Diego and Philadelphia, as well as 11 leasing and property management satellite offices throughout the country. We believe that this strategy enables us to obtain critical market intelligence and to benefit from the regional and local expertise of our workforce.
|
•
|
Experienced Management - Senior members of our management team are seasoned real estate operators with public company leadership experience. Our management team has deep industry knowledge and extensive, well-established relationships with retailers, brokers and vendors through many years of transactional experience, as well as significant expertise in executing value-enhancing reinvestment opportunities.
|
|
|
Year Ended December 31,
|
||||||
|
|
2016
|
|
2015
|
||||
Occupancy
|
|
|
|
|||||
|
Billed
|
90.7
|
%
|
|
91.0
|
%
|
||
|
Leased
|
92.8
|
%
|
|
92.6
|
%
|
||
Executed leases
|
|
|
|
|||||
New leases
|
|
|
|
|||||
|
Leases executed
|
697
|
|
|
664
|
|
||
|
GLA executed
|
3.4 million
|
|
|
3.0 million
|
|
||
Renewal leases
|
|
|
|
|||||
|
Leases executed
|
968
|
|
|
1,005
|
|
||
|
GLA executed
|
4.5 million
|
|
|
4.6 million
|
|
||
Option leases
|
|
|
|
|||||
|
Leases executed
|
352
|
|
|
349
|
|
||
|
GLA executed
|
5.8 million
|
|
|
5.7 million
|
|
||
Total
|
|
|
|
|||||
|
Leases executed
|
2,017
|
|
|
2,018
|
|
||
|
GLA executed
|
13.7 million
|
|
|
13.4 million
|
|
||
New and renewal lease statistics
|
|
|
|
|||||
New leases
|
|
|
|
|||||
|
Average ABR per square foot
|
$
|
15.07
|
|
|
$
|
15.86
|
|
|
Average ABR per square foot increase
(1)
|
31.3
|
%
|
|
41.6
|
%
|
||
|
Average tenant improvements per square foot
|
$
|
19.71
|
|
|
$
|
21.20
|
|
|
Average leasing commissions per square foot
|
$
|
3.35
|
|
|
$
|
3.31
|
|
New and renewal leases
|
|
|
|
|||||
|
Average ABR per square foot
|
$
|
14.82
|
|
|
$
|
15.18
|
|
|
Average ABR per square foot increase
(1)
|
16.5
|
%
|
|
20.2
|
%
|
||
|
Average tenant improvements per square foot
|
$
|
9.36
|
|
|
$
|
10.26
|
|
|
Average leasing commissions per square foot
|
$
|
1.48
|
|
|
$
|
1.33
|
|
(1)
|
Based on comparable leases only.
|
•
|
During the year ended December 31, 2016, we acquired one shopping center, two land parcels and two outparcel buildings adjacent to currently owned shopping centers for $48.0 million.
|
•
|
During the year ended December 31, 2015, we acquired two shopping centers and a retail building in one of our existing shopping centers for $59.2 million including the assumption of $7.0 million of mortgage debt.
|
•
|
During the year ended December 31, 2016, we disposed of six shopping centers, one office building and one outparcel building for net proceeds of $102.9 million resulting in an aggregate gain of $35.6 million and an aggregate impairment of $2.0 million.
|
•
|
During the year ended December 31, 2015, we disposed of five shopping centers and three outparcels for net proceeds of $54.2 million resulting in an aggregate gain of $11.7 million and an aggregate impairment of $1.0 million.
|
|
Year Ended December 31,
|
|
|
||||||||
|
2016
|
|
2015
|
|
$ Change
|
||||||
Revenues
|
|
|
|
|
|
||||||
Rental income
|
$
|
998,118
|
|
|
$
|
984,548
|
|
|
$
|
13,570
|
|
Expense reimbursements
|
270,548
|
|
|
276,032
|
|
|
(5,484
|
)
|
|||
Other revenues
|
7,106
|
|
|
5,400
|
|
|
1,706
|
|
|||
Total revenues
|
$
|
1,275,772
|
|
|
$
|
1,265,980
|
|
|
$
|
9,792
|
|
|
Year Ended December 31,
|
|
|
||||||||
|
2016
|
|
2015
|
|
$ Change
|
||||||
Operating expenses
|
|
|
|
|
|
||||||
Operating costs
|
$
|
133,429
|
|
|
$
|
129,477
|
|
|
$
|
3,952
|
|
Real estate taxes
|
174,487
|
|
|
180,911
|
|
|
(6,424
|
)
|
|||
Depreciation and amortization
|
387,302
|
|
|
417,935
|
|
|
(30,633
|
)
|
|||
Provision for doubtful accounts
|
9,182
|
|
|
9,540
|
|
|
(358
|
)
|
|||
Impairment of real estate assets
|
5,154
|
|
|
1,005
|
|
|
4,149
|
|
|||
General and administrative
|
92,248
|
|
|
98,454
|
|
|
(6,206
|
)
|
|||
Total operating expenses
|
$
|
801,802
|
|
|
$
|
837,322
|
|
|
$
|
(35,520
|
)
|
|
Year Ended December 31,
|
|
|
||||||||
|
2016
|
|
2015
|
|
$ Change
|
||||||
Other income (expense)
|
|
|
|
|
|
||||||
Dividends and interest
|
$
|
542
|
|
|
$
|
315
|
|
|
$
|
227
|
|
Interest expense
|
(226,671
|
)
|
|
(245,012
|
)
|
|
18,341
|
|
|||
Gain on sale of real estate assets
|
35,613
|
|
|
11,744
|
|
|
23,869
|
|
|||
Gain (loss) on extinguishment of debt, net
|
(832
|
)
|
|
1,720
|
|
|
(2,552
|
)
|
|||
Other
|
(4,957
|
)
|
|
(348
|
)
|
|
(4,609
|
)
|
|||
Total other expense
|
$
|
(196,305
|
)
|
|
$
|
(231,581
|
)
|
|
$
|
35,276
|
|
|
Year Ended December 31,
|
|
|
||||||||
|
2016
|
|
2015
|
|
$ Change
|
||||||
Equity in income of unconsolidated joint ventures
|
$
|
477
|
|
|
$
|
459
|
|
|
$
|
18
|
|
|
Year Ended December 31,
|
|
|
||||||||
|
2015
|
|
2014
|
|
$ Change
|
||||||
Revenues
|
|
|
|
|
|
||||||
Rental income
|
$
|
984,548
|
|
|
$
|
960,715
|
|
|
$
|
23,833
|
|
Expense reimbursements
|
276,032
|
|
|
268,035
|
|
|
7,997
|
|
|||
Other revenues
|
5,400
|
|
|
7,849
|
|
|
(2,449
|
)
|
|||
Total revenues
|
$
|
1,265,980
|
|
|
$
|
1,236,599
|
|
|
$
|
29,381
|
|
|
Year Ended December 31,
|
|
|
||||||||
|
2015
|
|
2014
|
|
$ Change
|
||||||
Operating expenses
|
|
|
|
|
|
||||||
Operating costs
|
$
|
129,477
|
|
|
$
|
129,148
|
|
|
$
|
329
|
|
Real estate taxes
|
180,911
|
|
|
179,504
|
|
|
1,407
|
|
|||
Depreciation and amortization
|
417,935
|
|
|
441,630
|
|
|
(23,695
|
)
|
|||
Provision for doubtful accounts
|
9,540
|
|
|
11,537
|
|
|
(1,997
|
)
|
|||
Impairment of real estate assets
|
1,005
|
|
|
—
|
|
|
1,005
|
|
|||
General and administrative
|
98,454
|
|
|
80,175
|
|
|
18,279
|
|
|||
Total operating expenses
|
$
|
837,322
|
|
|
$
|
841,994
|
|
|
$
|
(4,672
|
)
|
|
Year Ended December 31,
|
|
|
||||||||
|
2015
|
|
2014
|
|
$ Change
|
||||||
Other income (expense)
|
|
|
|
|
|
||||||
Dividends and interest
|
$
|
315
|
|
|
$
|
602
|
|
|
$
|
(287
|
)
|
Interest expense
|
(245,012
|
)
|
|
(262,812
|
)
|
|
17,800
|
|
|||
Gain on sale of real estate assets
|
11,744
|
|
|
378
|
|
|
11,366
|
|
|||
Gain (loss) on extinguishment of debt, net
|
1,720
|
|
|
(13,761
|
)
|
|
15,481
|
|
|||
Other
|
(348
|
)
|
|
(8,431
|
)
|
|
8,083
|
|
|||
Total other expense
|
$
|
(231,581
|
)
|
|
$
|
(284,024
|
)
|
|
$
|
52,443
|
|
|
Year Ended December 31,
|
|
|
||||||||
|
2015
|
|
2014
|
|
$ Change
|
||||||
Equity in income of unconsolidated joint ventures
|
$
|
459
|
|
|
$
|
370
|
|
|
$
|
89
|
|
Gain on disposition of investments in unconsolidated joint ventures
|
—
|
|
|
1,820
|
|
|
(1,820
|
)
|
|
Year Ended December 31,
|
|
|
||||||||
|
2015
|
|
2014
|
|
$ Change
|
||||||
Discontinued operations
|
|
|
|
|
|
||||||
Income from discontinued operations
|
$
|
—
|
|
|
$
|
4,909
|
|
|
$
|
(4,909
|
)
|
Gain on disposition of operating properties
|
—
|
|
|
15,171
|
|
|
(15,171
|
)
|
|||
Income from discontinued operations
|
$
|
—
|
|
|
$
|
20,080
|
|
|
$
|
(20,080
|
)
|
•
|
cash and cash equivalent balances;
|
•
|
operating cash flow;
|
•
|
available borrowings under our existing Unsecured Credit Facility;
|
•
|
issuance of long-term debt;
|
•
|
dispositions; and
|
•
|
issuance of equity securities.
|
•
|
recurring maintenance capital expenditures;
|
•
|
leasing related capital expenditures;
|
•
|
anchor space repositioning, redevelopment and development projects;
|
•
|
debt maturities and repayment requirements;
|
•
|
acquisitions; and
|
•
|
dividend/distribution payments.
|
|
|
Year Ended December 31,
|
|||||||
|
|
2016
|
|
2015
|
|
2014
|
|||
Cash flows provided by operating activities
|
|
567,195
|
|
|
534,025
|
|
|
479,210
|
|
Cash flows used in investing activities
|
|
(151,614
|
)
|
|
(189,068
|
)
|
|
(200,832
|
)
|
Cash flows used in financing activities
|
|
(433,707
|
)
|
|
(336,024
|
)
|
|
(331,698
|
)
|
|
|
Year Ended December 31,
|
||||||||||
|
|
2016
|
|
2015
|
|
2014
|
||||||
Cash flows provided by operating activities
|
|
$
|
567,195
|
|
|
$
|
534,025
|
|
|
$
|
479,217
|
|
Cash flows used in investing activities
|
|
$
|
(151,606
|
)
|
|
$
|
(189,065
|
)
|
|
$
|
(200,822
|
)
|
Cash flows used in financing activities
|
|
$
|
(433,727
|
)
|
|
$
|
(335,904
|
)
|
|
$
|
(330,951
|
)
|
|
As of December 31, 2016
|
|||||||||
|
Total Projects
|
|
Anticipated Cost
|
|
Cost Incurred
|
|||||
Anchor space repositioning
|
16
|
|
|
$
|
34,900
|
|
|
$
|
16,630
|
|
Redevelopment
|
9
|
|
|
113,100
|
|
|
55,280
|
|
||
Outparcel development
|
7
|
|
|
9,800
|
|
|
3,487
|
|
||
New development
|
1
|
|
|
32,600
|
|
|
7,108
|
|
||
Total
|
33
|
|
|
$
|
190,400
|
|
|
$
|
82,505
|
|
Contractual Obligations
|
|
Payment due by period
|
||||||||||||||||||||||||||
(in thousands)
|
|
2017
|
|
2018
|
|
2019
|
|
2020
|
|
2021
|
|
Thereafter
|
|
Total
|
||||||||||||||
Debt
(1)
|
|
$
|
312,888
|
|
|
$
|
1,019,476
|
|
|
$
|
620,126
|
|
|
$
|
888,577
|
|
|
$
|
686,225
|
|
|
$
|
2,325,453
|
|
|
$
|
5,852,745
|
|
Interest payments
(2)
|
|
215,531
|
|
|
190,488
|
|
|
166,762
|
|
|
148,815
|
|
|
97,004
|
|
|
266,620
|
|
|
1,085,220
|
|
|||||||
Operating leases
|
|
7,340
|
|
|
6,907
|
|
|
6,755
|
|
|
6,761
|
|
|
6,942
|
|
|
77,972
|
|
|
112,677
|
|
|||||||
Total
|
|
$
|
535,759
|
|
|
$
|
1,216,871
|
|
|
$
|
793,643
|
|
|
$
|
1,044,153
|
|
|
$
|
790,171
|
|
|
$
|
2,670,045
|
|
|
$
|
7,050,642
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1)
|
Debt includes scheduled principal amortization and scheduled maturities for secured loans, unsecured credit facilities and unsecured notes payable.
|
(2)
|
As of December 31, 2016, we incur variable rate interest on a (i) $1.0 billion term loan and a $0.5 billion term loan under our Unsecured Credit Facility; (ii) $122.0 million outstanding balance under the Revolving Facility; and (iii) $600.0 million term loan under our Term Loan. Interest payments for these amounts are presented at rates as of December 31, 2016. For a further discussion of these and other factors that could impact interest payments please see Item 7A. “Quantitative and Qualitative Disclosures.”
|
|
Year Ended December 31,
|
||||||||||
|
2016
|
|
2015
|
|
2014
|
||||||
Net income
|
$
|
278,142
|
|
|
$
|
197,536
|
|
|
$
|
132,851
|
|
Gain on disposition of operating properties
|
(35,613
|
)
|
|
(11,744
|
)
|
|
(15,549
|
)
|
|||
Gain on disposition of unconsolidated joint ventures
|
—
|
|
|
—
|
|
|
(1,820
|
)
|
|||
Depreciation and amortization-real estate related-continuing operations
|
384,187
|
|
|
413,470
|
|
|
438,565
|
|
|||
Depreciation and amortization-real estate related-discontinued operations
|
—
|
|
|
—
|
|
|
606
|
|
|||
Depreciation and amortization-real estate related-unconsolidated joint ventures
|
88
|
|
|
85
|
|
|
168
|
|
|||
Impairment of operating properties
|
5,154
|
|
|
807
|
|
|
—
|
|
|||
NAREIT FFO
|
631,958
|
|
|
600,154
|
|
|
554,821
|
|
|||
Adjustments attributable to non-controlling interests not convertible into common stock
|
—
|
|
|
—
|
|
|
(6,415
|
)
|
|||
NAREIT FFO attributable to stockholders and non-controlling interests convertible into common stock
|
$
|
631,958
|
|
|
$
|
600,154
|
|
|
$
|
548,406
|
|
|
|
|
|
|
|
||||||
NAREIT FFO per share/OP Unit - diluted
|
$
|
2.07
|
|
|
$
|
1.97
|
|
|
$
|
1.80
|
|
Weighted average shares/OP Units outstanding - basic and diluted
(1)
|
305,059
|
|
|
305,023
|
|
|
304,359
|
|
(1)
|
Basic and diluted shares/OP Units outstanding reflects an assumed conversion of vested OP Units to common stock of the Company and the vesting of certain equity awards.
|
Building and building and land improvements
|
20 - 40 years
|
Furniture, fixtures, and equipment
|
5 - 10 years
|
Tenant improvements
|
The shorter of the term of the related lease or useful life
|
(dollars in thousands)
|
|
2017
|
|
2018
|
|
2019
|
|
2020
|
|
2021
|
|
Thereafter
|
|
Total
|
|
Fair Value
|
||||||||||||||||
Secured Debt
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||
Fixed rate
|
|
$
|
312,888
|
|
|
$
|
19,476
|
|
|
$
|
20,126
|
|
|
$
|
766,577
|
|
|
$
|
186,225
|
|
|
$
|
7,000
|
|
|
$
|
1,312,292
|
|
|
$
|
1,410,698
|
|
Weighted average interest rate
(1)
|
|
6.17
|
%
|
|
6.17
|
%
|
|
6.17
|
%
|
|
6.17
|
%
|
|
4.4
|
%
|
|
4.4
|
%
|
|
|
|
|
||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||
Unsecured Debt
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||
Fixed rate
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
2,318,453
|
|
|
$
|
2,318,453
|
|
|
$
|
2,302,048
|
|
Weighted average interest rate
(1)
|
|
3.82
|
%
|
|
3.82
|
%
|
|
3.82
|
%
|
|
3.82
|
%
|
|
3.82
|
%
|
|
3.82
|
%
|
|
|
|
|
||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||
Variable rate
(2) (3)
|
|
$
|
—
|
|
|
$
|
1,000,000
|
|
|
$
|
600,000
|
|
|
$
|
122,000
|
|
|
$
|
500,000
|
|
|
$
|
—
|
|
|
$
|
2,222,000
|
|
|
$
|
2,223,807
|
|
Weighted average interest rate
(1)
|
|
2.17
|
%
|
|
2.29
|
%
|
|
2.34
|
%
|
|
2.46
|
%
|
|
—
|
|
|
—
|
|
|
|
|
|
||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1)
|
Weighted average interest rates are on the debt balances as of the end of each year and assumes repayment of debt on its scheduled maturity date.
|
(2)
|
The Company's variable rate debt is based on a credit rating grid. The credit rating grid and all-in-rate on outstanding variable rate debt as of December 31, 2016 is as follows:
|
|
|
|
|
|
|
|
|
Credit Spread Grid
|
||||||
|
|
As of December 31, 2016
|
|
LIBOR Rate Loans
|
|
Base Rate Loans
|
||||||||
Variable Rate Debt
|
|
LIBOR Rate
|
|
Credit Spread
|
|
All-in-Rate
|
|
Credit Spread
|
|
Facility Fee
|
|
Credit Spread
|
|
Facility Fee
|
Unsecured Credit Facility (Term Loans)
|
|
0.63%
|
|
1.35%
|
|
1.98%
|
|
0.90% - 1.75%
|
|
N/A
|
|
0.00% - 0.75%
|
|
N/A
|
Unsecured Credit Facility (Revolving Line of Credit)
|
|
0.63%
|
|
1.20%
|
|
1.83%
|
|
0.88% - 1.55%
|
|
0.13% - 0.30%
|
|
0.88% - 1.55%
|
|
0.13% - 0.30%
|
Term Loan
|
|
0.63%
|
|
1.40%
|
|
2.03%
|
|
0.00% - 0.95%
|
|
N/A
|
|
0.95% - 1.95%
|
|
N/A
|
(3)
|
The Company has in place nine interest rate swaps agreements that convert the variable interest rates on portions of our variable rate debt to fixed rates. The balances subject to interest rates swaps as of December 31, 2016 is as follows (dollars in thousands):
|
|
|
As of December 31, 2016
|
||||||||
Variable Rate Debt
|
|
Amount
|
|
Weighted Average Fixed Rate
|
|
Credit Spread
|
|
Swapped All-in-Rate
|
||
Unsecured Credit Facility (Term Loans)
|
|
$
|
800,000
|
|
|
1.00%
|
|
1.35%
|
|
2.35%
|
Term Loan
|
|
$
|
600,000
|
|
|
0.86%
|
|
1.40%
|
|
2.26%
|
•
|
certain personnel are no longer employed by BPG;
|
•
|
a new Chief Executive Officer and Chief Financial Officer were appointed effective May 20, 2016;
|
•
|
the Audit Committee, Board and executives have and will continue to increase communication and training to employees regarding the ethical values of BPG, requirement to comply with laws, the Code of Conduct and BPG's policies; and
|
•
|
BPG evaluated its organizational structure and assessed roles and responsibilities to enhance controls and compliance.
|
•
|
certain personnel are no longer employed by the Operating Partnership;
|
•
|
a new Chief Executive Officer and Chief Financial Officer were appointed effective May 20, 2016;
|
•
|
the Audit Committee, Board and executives have and will continue to increase communication and training to employees regarding the ethical values of the Operating Partnership, requirement to comply with laws, the Code of Conduct and the Operating Partnership's policies; and
|
•
|
the Operating Partnership evaluated its organizational structure and assessed roles and responsibilities to enhance controls and compliance.
|
|
|
|
|
Incorporated by Reference
|
|
|
||||||
Exhibit
Number
|
|
Exhibit Description
|
|
Form
|
|
File No.
|
|
Date of
Filing
|
|
Exhibit
Number
|
|
Filed
Herewith
|
3.1
|
|
Articles of Incorporation of Brixmor Property Group Inc., dated as of November 4, 2013
|
|
8-K
|
|
001-36160
|
|
11/4/2013
|
|
3.1
|
|
|
3.2
|
|
Amended and Restated Bylaws of Brixmor Property Group Inc., dated as of November 11, 2016
|
|
8-K
|
|
001-36160
|
|
11/17/2016
|
|
3.1
|
|
|
3.3
|
|
Amended and Restated Certificate of Limited Partnership of Brixmor Operating Partnership LP
|
|
10-K
|
|
001-36160
|
|
3/12/2014
|
|
10.7
|
|
|
3.4
|
|
Amended and Restated Agreement of Limited Partnership of Brixmor Operating Partnership LP, dated as of October 29, 2013, by and between Brixmor OP GP LLC, as General Partner, BPG Subsidiary Inc., as Special Limited Partner, and the other limited partners from time to time party thereto
|
|
8-K
|
|
001-36160
|
|
11/4/2013
|
|
10.1
|
|
|
3.5
|
|
Amendment No. 1 to the Amended and Restated Limited Partnership Agreement of Brixmor Operating Partnership LP, dated as of October 29, 2013, by and between Brixmor OP GP LLC, as General Partner, and the limited partners from time to time party thereto
|
|
8-K
|
|
001-36160
|
|
11/4/2013
|
|
10.2
|
|
|
3.6
|
|
Amendment No. 2 to the Amended and Restated Agreement of Limited Partnership of Brixmor Operating Partnership LP, dated as of March 11, 2014
|
|
8-K
|
|
001-36160
|
|
3/14/2014
|
|
10.1
|
|
|
3.7
|
|
Amendment No. 3 to the Amended and Restated Agreement of Limited Partnership of Brixmor Operating Partnership LP, dated as of March 28, 2014
|
|
8-K
|
|
001-36160
|
|
4/3/2014
|
|
10.1
|
|
|
4.1
|
|
Indenture, dated January 21, 2015, between Brixmor Operating Partnership LP, as issuer, and The Bank of New York Mellon, as trustee.
|
|
8-K
|
|
001-36160
|
|
1/21/2015
|
|
4.1
|
|
|
4.2
|
|
First Supplemental Indenture, dated January 21, 2015, among Brixmor Operating Partnership LP, as issuer, and Brixmor OP GP LLC and BPG Subsidiary Inc., as possible future guarantors, and The Bank of New York Mellon, as trustee.
|
|
8-K
|
|
001-36160
|
|
1/21/2015
|
|
4.2
|
|
|
4.3
|
|
Second Supplemental Indenture, dated August 10, 2015, among Brixmor Operating Partnership LP, as issuer, and The Bank of New York Mellon, as trustee.
|
|
8-K
|
|
00-36160
|
|
8/10/2015
|
|
4.2
|
|
|
4.4
|
|
Indenture, dated as of March 29, 1995, between New Plan Realty Trust and The First National Bank of Boston, as Trustee (the “1995 Indenture”)
|
|
S-3
|
|
33-61383
|
|
7/28/1995
|
|
4.2
|
|
|
|
|
|
|
Incorporated by Reference
|
|
|
||||||
Exhibit
Number
|
|
Exhibit Description
|
|
Form
|
|
File No.
|
|
Date of
Filing
|
|
Exhibit
Number
|
|
Filed
Herewith
|
4.5
|
|
First Supplemental Indenture to the 1995 Indenture, dated as of August 5, 1999, by and among New Plan Realty Trust, New Plan Excel Realty Trust, Inc. and State Street Bank and Trust Company
|
|
10-Q
|
|
001-12244
|
|
11/12/1999
|
|
10.2
|
|
|
4.6
|
|
Successor Supplemental Indenture to the 1995 Indenture, dated as of April 20, 2007, by and among Super IntermediateCo LLC and U.S. Bank Trust National Association
|
|
10-Q
|
|
001-12244
|
|
8/9/2007
|
|
4.2
|
|
|
4.7
|
|
Third Supplemental Indenture to the 1995 Indenture, dated as of October 30, 2009, by and among Centro NP LLC and U.S. Bank Trust National Association
|
|
S-11
|
|
333-190002
|
|
8/23/2013
|
|
4.4
|
|
|
4.8
|
|
Supplemental Indenture to the 1995 Indenture, dated as of October 16, 2014, between Brixmor LLC and U.S. Bank Trust National Association
|
|
8-K
|
|
001-36160
|
|
10/17/2014
|
|
4.1
|
|
|
4.9
|
|
Indenture, dated as of February 3, 1999, among the New Plan Excel Realty Trust, Inc., as Primary Obligor, New Plan Realty Trust, as Guarantor, and State Street Bank and Trust Company, as Trustee (the “1999 Indenture”)
|
|
8-K
|
|
001-12244
|
|
2/3/1999
|
|
4.1
|
|
|
4.10
|
|
Successor Supplemental Indenture to the 1999 Indenture, dated as of April 20, 2007, by and among Super IntermediateCo LLC, New Plan Realty Trust, LLC and U.S. Bank Trust National Association
|
|
10-Q
|
|
001-12244
|
|
8/9/2007
|
|
4.3
|
|
|
4.11
|
|
Third Supplemental Indenture, dated June 13, 2016, between Brixmor Operating Partnership LP, as issuer, and The Bank of New York Mellon, as trustee
|
|
8-K
|
|
001-36160
|
|
6/13/2016
|
|
4.2
|
|
|
4.12
|
|
Fourth Supplemental Indenture, dated August 24, 2016, between Brixmor Operating Partnership LP, as issuer, and The Bank of New York Mellon, as trustee
|
|
8-K
|
|
001-36160
|
|
8/24/2016
|
|
4.1
|
|
|
10.1
|
|
Term Loan Agreement, dated March 18, 2014, among Brixmor Operating Partnership LP, as borrower, JPMorgan Chase Bank, N.A., as administrative agent, and the lenders from time to time party thereto
|
|
8-K
|
|
001-36160
|
|
3/18/2014
|
|
10.1
|
|
|
10.2
|
|
Parent Guaranty, executed as of March 18, 2014, by BPG Subsidiary Inc. and Brixmor OP GP LLC for the benefit of JPMorgan Chase, N.A., as administrative agent
|
|
8-K
|
|
001-36160
|
|
3/18/2014
|
|
10.2
|
|
|
10.3
|
|
Amendment No. 1 to Term Loan Agreement, dated as of February 5, 2015, among Brixmor Operating Partnership LP, as borrower, JPMorgan Chase Bank, N.A., as administrative agent
|
|
8-K
|
|
001-36160
|
|
2/9/2015
|
|
10.2
|
|
|
|
|
|
|
Incorporated by Reference
|
|
|
||||||
Exhibit
Number
|
|
Exhibit Description
|
|
Form
|
|
File No.
|
|
Date of
Filing
|
|
Exhibit
Number
|
|
Filed
Herewith
|
10.4
|
|
Loan Agreement, dated as of July 28, 2010, by and among Centro NP New Garden SC Owner, LLC, Centro NP Clark, LLC, Centro NP Hamilton Plaza Owner, LLC, Centro NP Holdings 11 SPE, LLC, Centro NP Holdings 12 SPE, LLC, Centro NP Atlantic Plaza, LLC, Centro NP 23rd Street Station Owner, LLC, Centro NP Coconut Creek Owner, LLC, Centro NP Seminole Plaza Owner, LLC, Centro NP Ventura Downs Owner, LLC, Centro NP Augusta West Plaza, LLC, Centro NP Banks Station, LLC, Centro NP Laurel Square Owner, LLC, Centro NP Middletown Plaza Owner, LLC, Centro NP Miracle Mile, LLC, Centro NP Ridgeview, LLC, Centro NP Surrey Square Mall, LLC, Centro NP Covington Gallery Owner, LLC, Centro NP Stone Mountain, LLC, Centro NP Greentree SC, LLC, Centro NP Arbor Faire Owner, LP, Centro NP Holdings 10 SPE, LLC, HK New Plan Festival Center (IL), LLC and JPMorgan Chase Bank, N.A., as lender
|
|
S-11
|
|
333-190002
|
|
8/23/2013
|
|
10.9
|
|
|
10.5
|
|
Guaranty, dated as of July 28, 2010, made by Centro NP LLC for the benefit of JPMorgan Chase Bank, N.A., as lender (regarding Loan Agreement with Centro NP New Garden SC Owner, LLC, et al.)
|
|
S-11
|
|
333-190002
|
|
8/23/2013
|
|
10.10
|
|
|
10.6
|
|
Senior Mezzanine Loan Agreement, dated as of July 28, 2010, by and among Centro NP New Garden Mezz 1, LLC, Centro NP Senior Mezz Holding, LLC and JPMorgan Chase Bank, N.A., as lender
|
|
S-11
|
|
333-190002
|
|
8/23/2013
|
|
10.11
|
|
|
10.7
|
|
Senior Mezzanine Guaranty, dated as of July 28, 2010, made by Centro NP LLC for the benefit of JPMorgan Chase Bank, N.A., as lender
|
|
S-11
|
|
333-190002
|
|
8/23/2013
|
|
10.12
|
|
|
10.8
|
|
Omnibus Amendment to the Mezzanine Loan Documents, dated as of September 1, 2010, by and among Centro NP New Garden Mezz 1, LLC, Centro NP Senior Mezz Holding, LLC and JPMorgan Chase Bank, N.A., as lender
|
|
S-11
|
|
333-190002
|
|
10/17/2013
|
|
10.13
|
|
|
10.9
|
|
Loan Agreement, dated as of July 28, 2010, by and between Centro NP Roosevelt Mall Owner, LLC and JPMorgan Chase Bank, N.A., as lender
|
|
S-11
|
|
333-190002
|
|
10/17/2013
|
|
10.14
|
|
|
10.10
|
|
Guaranty, dated as of July 28, 2010, made by Centro NP LLC for the benefit of JPMorgan Chase Bank, N.A., as lender (regarding Loan Agreement with Centro NP Roosevelt Mall Owner, LLC)
|
|
S-11
|
|
333-190002
|
|
10/17/2013
|
|
10.15
|
|
|
10.11*
|
|
2013 Omnibus Incentive Plan
|
|
S-11
|
|
333-190002
|
|
9/23/2013
|
|
10.18
|
|
|
10.12*
|
|
Form of Director and Officer Indemnification Agreement
|
|
S-11
|
|
333-190002
|
|
8/23/2013
|
|
10.19
|
|
|
|
|
|
|
Incorporated by Reference
|
|
|
||||||
Exhibit
Number
|
|
Exhibit Description
|
|
Form
|
|
File No.
|
|
Date of
Filing
|
|
Exhibit
Number
|
|
Filed
Herewith
|
10.13*
|
|
Employment Agreement, dated November 1, 2011, between BPG Subsidiary Inc. and Steven F. Siegel
|
|
S-11
|
|
333-190002
|
|
8/23/2013
|
|
10.23
|
|
|
10.14*
|
|
Form of Brixmor Property Group Inc. Restricted Stock Grant and Acknowledgment
|
|
S-11
|
|
333-190002
|
|
10/4/2013
|
|
10.26
|
|
|
10.15*
|
|
Form of BPG Subsidiary Inc. Restricted Stock Grant and Acknowledgment
|
|
S-11
|
|
333-190002
|
|
10/4/2013
|
|
10.27
|
|
|
10.16*
|
|
Form of Restricted Stock Unit Agreement
|
|
10-Q
|
|
001-36160
|
|
4/27/2015
|
|
10.1
|
|
|
10.17*
|
|
Form of LTIP Unit Agreement
|
|
10-Q
|
|
001-36160
|
|
4/27/2015
|
|
10.2
|
|
|
10.18*
|
|
Form of Director Restricted Stock Award Agreement
|
|
S-11
|
|
333-190002
|
|
10/4/2013
|
|
10.30
|
|
|
10.19
|
|
Form of Restricted Stock Unit Agreement
|
|
10-Q
|
|
001-36160
|
|
4/26/2016
|
|
10.6
|
|
|
10.20*
|
|
Employment Agreement, dated April 12, 2016 by and between Brixmor Property Group Inc. and James M. Taylor
|
|
10-Q
|
|
001-36160
|
|
7/25/2016
|
|
10.1
|
|
|
10.21*
|
|
Employment Agreement, dated April 26, 2016, by and between Brixmor Property Group Inc. and Angela Aman
|
|
10-Q
|
|
001-36160
|
|
7/25/2016
|
|
10.2
|
|
|
10.22*
|
|
Employment Agreement, dated May 11, 2016 by and between Brixmor Property Group Inc. and Mark T. Horgan
|
|
—
|
|
—
|
|
—
|
|
—
|
|
x
|
10.23*
|
|
Employment Agreement, dated December 5, 2014 by and between Brixmor Property Group Inc. and Brian T. Finnegan
|
|
—
|
|
—
|
|
—
|
|
—
|
|
x
|
10.24
|
|
Amended and Restated Revolving Credit and Term Loan Agreement, dated as of July 25, 2016, among Brixmor Operating Partnership LP, as borrower, JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto.
|
|
10-Q
|
|
001-36160
|
|
7/25/2016
|
|
10.5
|
|
|
10.25
|
|
Amendment No. 2 to Term Loan Agreement, dated as of July 25, 2016, among Brixmor Operating Partnership LP, as borrower, JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto.
|
|
10-Q
|
|
001-36160
|
|
7/25/2016
|
|
10.6
|
|
|
12.1
|
|
Computation of Consolidated Ratio of Earnings to Fixed Charges and Consolidated Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
|
|
—
|
|
—
|
|
—
|
|
—
|
|
x
|
21.1
|
|
Subsidiaries of the Brixmor Property Group Inc.
|
|
—
|
|
—
|
|
—
|
|
—
|
|
x
|
21.1
|
|
Subsidiaries of the Brixmor Operating Partnership LP
|
|
—
|
|
—
|
|
—
|
|
—
|
|
x
|
23.1
|
|
Consent of Deloitte & Touche LLP for Brixmor Property Group Inc.
|
|
—
|
|
—
|
|
—
|
|
—
|
|
x
|
23.2
|
|
Consent of Ernst & Young LLP for Brixmor Property Group Inc.
|
|
—
|
|
—
|
|
—
|
|
—
|
|
x
|
23.3
|
|
Consent of Deloitte & Touche LLP for Brixmor Operating Partnership LP
|
|
—
|
|
—
|
|
—
|
|
—
|
|
x
|
|
|
|
|
Incorporated by Reference
|
|
|
||||||
Exhibit
Number
|
|
Exhibit Description
|
|
Form
|
|
File No.
|
|
Date of
Filing
|
|
Exhibit
Number
|
|
Filed
Herewith
|
23.4
|
|
Consent of Ernst & Young LLP for Brixmor Operating Partnership LP
|
|
—
|
|
—
|
|
—
|
|
—
|
|
x
|
31.1
|
|
Brixmor Property Group Inc. Certification of Chief Executive Officer pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
|
|
—
|
|
—
|
|
—
|
|
—
|
|
x
|
31.2
|
|
Brixmor Property Group Inc. Certification of Chief Financial Officer pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934 as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
|
|
—
|
|
—
|
|
—
|
|
—
|
|
x
|
31.3
|
|
Brixmor Operating Partnership LP Certification of Chief Executive Officer pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
|
|
—
|
|
—
|
|
—
|
|
—
|
|
x
|
31.4
|
|
Brixmor Operating Partnership LP Certification of Chief Financial Officer pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934 as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
|
|
—
|
|
—
|
|
—
|
|
—
|
|
x
|
32.1
|
|
Brixmor Property Group Inc. Certification of Chief Executive Officer and Chief Financial Officer Pursuant to 18 U.S.C. Section 1350 as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
|
|
—
|
|
—
|
|
—
|
|
—
|
|
x
|
32.2
|
|
Brixmor Operating Partnership LP Certification of Chief Executive Officer and Chief Financial Officer Pursuant to 18 U.S.C. Section 1350 as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
|
|
—
|
|
—
|
|
—
|
|
—
|
|
x
|
99.1
|
|
Property List
|
|
—
|
|
—
|
|
—
|
|
—
|
|
x
|
99.2
|
|
Information relating to Part II, Item 14 “Other Expenses of Issuance and Distribution” of the Registration Statement (File No. 333-201464-01).
|
|
8-K
|
|
001-36160
|
|
1/21/2015
|
|
99.1
|
|
|
101.INS
|
|
XBRL Instance Document
|
|
—
|
|
—
|
|
—
|
|
—
|
|
x
|
101.SCH
|
|
XBRL Taxonomy Extension Schema Document
|
|
—
|
|
—
|
|
—
|
|
—
|
|
x
|
101.CAL
|
|
XBRL Taxonomy Extension Calculation Linkbase Document
|
|
—
|
|
—
|
|
—
|
|
—
|
|
x
|
101.DEF
|
|
XBRL Taxonomy Extension Definition Linkbase Document
|
|
—
|
|
—
|
|
—
|
|
—
|
|
x
|
101.LAB
|
|
XBRL Taxonomy Extension Label Linkbase Document
|
|
—
|
|
—
|
|
—
|
|
—
|
|
x
|
101.PRE
|
|
XBRL Taxonomy Extension Presentation Linkbase Document
|
|
—
|
|
—
|
|
—
|
|
—
|
|
x
|
|
BRIXMOR PROPERTY GROUP INC.
|
|
|
|
|
Date: February 13, 2017
|
By:
|
/s/James M. Taylor
|
|
|
James M. Taylor
|
|
|
Chief Executive Officer and President
|
|
|
(Principal Executive Officer)
|
|
|
|
|
BRIXMOR OPERATING PARTNERSHIP LP
|
|
|
|
|
Date: February 13, 2017
|
By:
|
/s/James M. Taylor
|
|
|
James M. Taylor
|
|
|
Chief Executive Officer and President
|
|
|
(Principal Executive Officer)
|
Date: February 13, 2017
|
By:
|
/s/James M. Taylor
|
|
|
James M. Taylor
|
|
|
Chief Executive Officer and President
|
|
|
(Principal Executive Officer, Director, Sole Director of Sole Member of General Partner of Operating Partnership)
|
|
|
|
Date: February 13, 2017
|
By:
|
/s/Angela Aman
|
|
|
Angela Aman
|
|
|
Chief Financial Officer
|
|
|
(Principal Financial Officer)
|
|
|
|
Date: February 13, 2017
|
By:
|
/s/Michael Cathers
|
|
|
Michael Cathers
|
|
|
Interim Chief Accounting Officer
|
|
|
(Principal Accounting Officer)
|
|
|
|
Date: February 13, 2017
|
By:
|
/s/John G. Schreiber
|
|
|
John G. Schreiber
|
|
|
Chairman of the Board of Directors
|
|
|
|
Date: February 13, 2017
|
By:
|
/s/Michael Berman
|
|
|
Michael Berman
|
|
|
Director
|
|
|
|
Date: February 13, 2017
|
By:
|
/s/Sheryl M. Crosland
|
|
|
Sheryl M. Crosland
|
|
|
Director
|
|
|
|
Date: February 13, 2017
|
By:
|
/s/Anthony W. Deering
|
|
|
Anthony W. Deering
|
|
|
Director
|
|
|
|
Date: February 13, 2017
|
By:
|
/s/Thomas W. Dickson
|
|
|
Thomas W. Dickson
|
|
|
Director
|
|
|
|
Date: February 13, 2017
|
By:
|
/s/Daniel B. Hurwitz
|
|
|
Daniel B. Hurwitz
|
|
|
Director
|
|
|
|
Date: February 13, 2017
|
By:
|
/s/William D. Rahm
|
|
|
William D. Rahm
|
|
|
Director
|
|
|
|
Date: February 13, 2017
|
By:
|
/s/Gabrielle Sulzberger
|
|
|
Gabrielle Sulzberger
|
|
|
Director
|
Building and building and land improvements
|
20 - 40 years
|
Furniture, fixtures, and equipment
|
5 - 10 years
|
Tenant improvements
|
The shorter of the term of the related lease or useful life
|
|
|
|
|
|
Purchase Price
|
|||||||||||
Description
|
Location
|
Month Acquired
|
GLA
|
|
Cash
|
|
Debt Assumed
|
|
Total
|
|||||||
Building at Rose Pavilion
|
Pleasanton, CA
|
Sept-16
|
28,530
|
|
|
$
|
6,733
|
|
|
$
|
—
|
|
|
$
|
6,733
|
|
Felicita Town Center
|
Escondido, CA
|
Dec-16
|
126,502
|
|
|
40,100
|
|
|
—
|
|
|
40,100
|
|
|||
|
|
|
155,032
|
|
|
$
|
46,833
|
|
|
$
|
—
|
|
|
$
|
46,833
|
|
|
|
|
|
|
Purchase Price
|
|||||||||||
Description
|
Location
|
Month Acquired
|
GLA
|
|
Cash
|
|
Debt Assumed
|
|
Total
|
|||||||
Building at Bardin Place Center
|
Arlington, TX
|
Jun-15
|
96,127
|
|
|
$
|
9,258
|
|
|
$
|
—
|
|
|
$
|
9,258
|
|
Larchmont Centre
|
Mt. Laurel, NJ
|
Jun-15
|
103,787
|
|
|
11,000
|
|
|
7,000
|
|
|
18,000
|
|
|||
Webster Square Shopping Center
|
Marshfield, MA
|
Jun-15
|
182,756
|
|
|
31,950
|
|
|
—
|
|
|
31,950
|
|
|||
|
|
|
382,670
|
|
|
$
|
52,208
|
|
|
$
|
7,000
|
|
|
$
|
59,208
|
|
|
|
|
Year Ended December 31,
|
||||||
Assets
|
2016
|
|
2015
|
||||||
|
|
Land
|
$
|
14,059
|
|
|
$
|
13,004
|
|
|
|
Buildings
|
29,277
|
|
|
35,606
|
|
||
|
|
Building and tenant improvements
|
2,749
|
|
|
7,006
|
|
||
|
|
Above market rents
|
652
|
|
|
95
|
|
||
|
|
In-place leases
|
2,608
|
|
|
4,101
|
|
||
|
Real estate, net
|
49,345
|
|
|
59,812
|
|
|||
|
Deferred charges and prepaid expenses, net
|
—
|
|
|
1,792
|
|
|||
Total assets
|
49,345
|
|
|
61,604
|
|
||||
|
|
|
|
|
|
||||
Liabilities
|
|
|
|
||||||
|
|
Secured loan payable
|
$
|
—
|
|
|
$
|
7,000
|
|
|
|
Secured loan fair value adjustment
|
—
|
|
|
440
|
|
||
|
Debt obligations, net
|
—
|
|
|
7,440
|
|
|||
|
Accounts payable, accrued expenses and other liabilities (below market leases)
|
2,512
|
|
|
1,956
|
|
|||
Total liabilities
|
2,512
|
|
|
9,396
|
|
||||
Net Assets Acquired
|
$
|
46,833
|
|
|
$
|
52,208
|
|
|
Year Ended December 31, 2014
|
||
|
|||
Discontinued operations:
|
|
||
Revenues
|
$
|
687
|
|
Operating expenses
|
(1,592
|
)
|
|
Other income (expense), net
|
5,814
|
|
|
Income from discontinued operating properties
|
4,909
|
|
|
Gain on disposition of operating properties
|
15,171
|
|
|
Income from discontinued operations
|
$
|
20,080
|
|
|
December 31, 2016
|
|
December 31, 2015
|
||||
Land
|
$
|
2,006,655
|
|
|
$
|
2,011,947
|
|
Buildings and improvements:
|
|
|
|
||||
Buildings and tenant improvements
|
8,165,672
|
|
|
8,043,325
|
|
||
Lease intangibles
(1)
|
836,731
|
|
|
877,578
|
|
||
|
11,009,058
|
|
|
10,932,850
|
|
||
Accumulated depreciation and amortization
|
(2,167,054
|
)
|
|
(1,880,685
|
)
|
||
Total
|
$
|
8,842,004
|
|
|
$
|
9,052,165
|
|
(1)
|
At December 31, 2016 and 2015, Lease intangibles consisted of the following: (i)
$758.0 million
and
$796.8 million
, respectively, of in-place leases, (ii)
$78.7 million
and
$80.8 million
, respectively, of above-market leases, and (iii)
$632.8 million
and
$606.5 million
, respectively, of accumulated amortization. These intangible assets are amortized over the term of each related lease.
|
Year ending December 31,
|
|
Above- and below-market lease accretion (income), net
|
|
In-place leases amortization expense
|
||||
2017
|
|
$
|
(28,699
|
)
|
|
$
|
41,402
|
|
2018
|
|
(25,914
|
)
|
|
32,090
|
|
||
2019
|
|
(21,903
|
)
|
|
25,353
|
|
||
2020
|
|
(17,598
|
)
|
|
19,221
|
|
||
2021
|
|
(14,517
|
)
|
|
14,039
|
|
Year Ended December 31, 2016
|
|||||||||||
Property Name
|
|
Location
|
|
Quarter Impaired
|
|
GLA
|
|
Impairment Charge
|
|||
Inwood Forest
(1)
|
|
Houston, TX
|
|
Q3 2016
|
|
77,553
|
|
|
$
|
52
|
|
Plymouth Plaza
(1)
|
|
Plymouth Meeting, PA
|
|
Q3 2016
|
|
30,013
|
|
|
1,997
|
|
|
Parcel at Country Hills Shopping Center
(2)
|
|
Torrance, CA
|
|
Q4 2016
|
|
3,500
|
|
|
550
|
|
|
Milford Center
(2)
|
|
Milford, CT
|
|
Q4 2016
|
|
25,056
|
|
|
2,626
|
|
|
Other
|
|
-
|
|
Q3 2016
|
|
N/A
|
|
|
(71
|
)
|
|
|
|
|
|
|
|
136,122
|
|
|
$
|
5,154
|
|
|
|
|
|
|
|
|
|
|
|||
Year Ended December 31, 2015
|
|||||||||||
Property Name
|
|
Location
|
|
Quarter Impaired
|
|
GLA
|
|
Impairment Charge
|
|||
Parkwest Crossing
(3)
|
|
Durham-Chapel Hill, NC
|
|
Q1 2015
|
|
85,602
|
|
|
$
|
807
|
|
Land Parcel
(3)
|
|
Omaha-Council Bluffs, NE-IA
|
|
Q4 2015
|
|
N/A
|
|
|
198
|
|
|
|
|
|
|
|
|
85,602
|
|
|
$
|
1,005
|
|
(1)
|
The Company recorded impairment charges based upon the terms and conditions of an executed contract for each of the respective properties, which were sold during 2016.
|
(2)
|
The Company recorded impairment charges based upon a change in estimated holding periods for the properties, which reflect purchase offers from third parties.
|
(3)
|
The Company recorded impairment charges based upon the terms and conditions of an executed contract for each of the respective properties, which were sold during 2015.
|
|
|
Number of Instruments
|
|
Notional Amount
|
||||||||
|
|
December 31, 2016
|
|
December 31, 2015
|
|
December 31, 2016
|
|
December 31, 2015
|
||||
Interest Rate Swaps
|
|
9
|
|
5
|
|
$
|
1,400,000
|
|
|
$
|
1,500,000
|
|
|
|
Fair Value of Derivative Instruments
|
||||||
Interest rate swaps classified as:
|
|
December 31, 2016
|
|
December 31, 2015
|
||||
Gross derivative assets
|
|
$
|
21,605
|
|
|
$
|
—
|
|
Gross derivative liabilities
|
|
—
|
|
|
(2,437
|
)
|
||
Net derivative asset (liability)
|
|
$
|
21,605
|
|
|
$
|
(2,437
|
)
|
Derivatives in Cash Flow Hedging Relationships (Interest Rate Swaps)
|
|
Year Ended December 31,
|
||||||||||
|
2016
|
|
2015
|
|
2014
|
|||||||
Unrealized gain (loss) on interest rate hedges
|
|
$
|
19,081
|
|
|
$
|
(7,612
|
)
|
|
$
|
(7,619
|
)
|
Amortization of interest rate swaps to interest expense
|
|
$
|
4,961
|
|
|
$
|
9,598
|
|
|
$
|
9,991
|
|
|
|
Carrying Value as of
|
|
|
|
|
||||||
|
|
December 31,
2016
|
|
December 31,
2015
|
|
Stated
Interest
Rates
(6)
|
|
Scheduled
Maturity
Date
|
||||
Secured loans
(1)
|
|
|
|
|
|
|
|
|
||||
Secured loans
(2)
|
|
$
|
1,312,292
|
|
|
$
|
2,226,763
|
|
|
4.40% - 7.89%
|
|
2017 – 2024
|
Net unamortized premium
|
|
25,189
|
|
|
40,508
|
|
|
|
|
|
||
Net unamortized debt issuance costs
|
|
(387
|
)
|
|
(1,752
|
)
|
|
|
|
|
||
Total secured loans, net
|
|
$
|
1,337,094
|
|
|
$
|
2,265,519
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Notes payable
|
|
|
|
|
|
|
|
|
||||
Unsecured notes
(3)
|
|
$
|
2,318,453
|
|
|
$
|
1,218,453
|
|
|
3.25% - 7.97%
|
|
2022 - 2029
|
Net unamortized discount
|
|
(9,097
|
)
|
|
(4,676
|
)
|
|
|
|
|
||
Net unamortized debt issuance costs
|
|
(17,402
|
)
|
|
(9,923
|
)
|
|
|
|
|
||
Total notes payable, net
|
|
$
|
2,291,954
|
|
|
$
|
1,203,854
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Unsecured Credit Facility and Term Loan
|
|
|
|
|
|
|
|
|
||||
Unsecured Credit Facility
(4)
|
|
$
|
1,622,000
|
|
|
$
|
1,916,000
|
|
|
1.83% - 1.98%
|
|
2018 – 2021
|
Unsecured Term Loan
(5)
|
|
600,000
|
|
|
600,000
|
|
|
2.03%
|
|
2019
|
||
Net unamortized debt issuance costs
|
|
(12,159
|
)
|
|
(11,107
|
)
|
|
|
|
|
||
Total Unsecured Credit Facility and Term Loan
|
|
$
|
2,209,841
|
|
|
$
|
2,504,893
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Total debt obligations, net
|
|
$
|
5,838,889
|
|
|
$
|
5,974,266
|
|
|
|
|
|
(1)
|
The Company’s secured loans are collateralized by certain properties and the equity interests of certain subsidiaries. These properties had a carrying value as of December 31, 2016 of approximately
$2.1 billion
.
|
(2)
|
The weighted average interest rate on the Company’s secured loans was
6.22%
as of December 31, 2016.
|
(3)
|
The weighted average interest rate on the Company’s unsecured notes was
3.82%
as of December 31, 2016.
|
(4)
|
The Unsecured Credit Facility consists of a
$1.25 billion
revolving credit facility, a
$1.0 billion
term loan and a
$0.5 billion
term loan. The Company has in place
four
interest rate swap agreements that convert the variable interest rate on
$800.0 million
of the Unsecured Credit Facility to a fixed, combined interest rate of
1.00%
plus a spread of
1.35%
.
|
(5)
|
The Company has in place
five
interest rate swap agreements that convert the variable interest rate on the Term Loan to a fixed, combined interest rate of
0.86%
plus a spread of
1.40%
.
|
(6)
|
The stated interest rates do not include the impact of any interest rate swap agreements.
|
Year ending December 31,
|
|
|
||
2017
|
|
$
|
312,888
|
|
2018
|
|
1,019,476
|
|
|
2019
|
|
620,126
|
|
|
2020
|
|
888,577
|
|
|
2021
|
|
686,225
|
|
|
Thereafter
|
|
2,325,453
|
|
|
Total debt maturities
|
|
5,852,745
|
|
|
Net unamortized premiums and discounts
|
|
16,092
|
|
|
Net unamortized debt issuance costs
|
|
(29,948
|
)
|
|
Total debt obligations
|
|
$
|
5,838,889
|
|
|
December 31, 2016
|
|
December 31, 2015
|
|||||||||||||
|
Carrying
Amounts
|
|
Fair
Value
|
|
Carrying
Amounts
|
|
Fair
Value
|
|||||||||
Secured Loans
|
$
|
1,337,094
|
|
|
$
|
1,410,698
|
|
|
$
|
2,265,519
|
|
|
$
|
2,367,070
|
|
|
Notes payable
|
2,291,954
|
|
|
2,302,048
|
|
|
1,203,854
|
|
|
1,198,504
|
|
|||||
Unsecured Credit Facility and Term Loan
|
2,209,841
|
|
|
2,223,807
|
|
|
2,504,893
|
|
|
2,516,000
|
|
|||||
Total debt obligations, net
|
$
|
5,838,889
|
|
|
$
|
5,936,553
|
|
|
$
|
5,974,266
|
|
|
$
|
6,081,574
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value Measurements as of December 31, 2016
|
||||||||||||||
|
Balance
|
|
Quoted Prices in Active Markets for Identical Assets (Level 1)
|
|
Significant Other Observable Inputs
(Level 2)
|
|
Significant Unobservable Inputs
(Level 3)
|
||||||||
Assets:
|
|
|
|
|
|
|
|
||||||||
Marketable securities
(1)
|
$
|
25,573
|
|
|
$
|
5,679
|
|
|
$
|
19,894
|
|
|
$
|
—
|
|
Interest rate derivatives
|
$
|
21,605
|
|
|
$
|
—
|
|
|
$
|
21,605
|
|
|
$
|
—
|
|
|
|
|
|
|
|
|
|
||||||||
|
Fair Value Measurements as of December 31, 2015
|
||||||||||||||
|
Balance
|
|
Quoted Prices in Active Markets for Identical Assets (Level 1)
|
|
Significant Other Observable Inputs
(Level 2)
|
|
Significant Unobservable Inputs
(Level 3)
|
||||||||
Assets:
|
|
|
|
|
|
|
|
||||||||
Marketable securities
(1)
|
$
|
23,001
|
|
|
$
|
1,167
|
|
|
$
|
21,834
|
|
|
$
|
—
|
|
|
|
|
|
|
|
|
|
||||||||
Liabilities:
|
|
|
|
|
|
|
|
||||||||
Interest rate derivatives
|
$
|
2,437
|
|
|
$
|
—
|
|
|
$
|
2,437
|
|
|
$
|
—
|
|
(1)
|
As of December 31, 2016 and 2015 marketable securities included less than
$0.1 million
of net unrealized losses.
|
|
Fair Value Measurements as of December 31, 2016
|
|
|
||||||||||||||||
|
Balance
|
|
Quoted Prices in Active Markets for Identical Assets
(Level 1)
|
|
Significant Other Observable Inputs
(Level 2)
|
|
Significant Unobservable Inputs
(Level 3)
|
|
Impairment of real estate
assets
(1)
|
||||||||||
Assets:
|
|
|
|
|
|
|
|
|
|
||||||||||
Properties
(2)
|
$
|
285
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
285
|
|
|
$
|
3,176
|
|
|
|
|
|
|
|
|
|
|
|
(1)
|
Excludes impairment charges recorded on properties sold prior to December 31, 2016.
|
(2)
|
During the year ended December 31, 2016, the Company recorded
$3.2 million
of impairment based upon purchase offers from third parties.
|
•
|
first, the Operating Partnership makes distributions to those of its partners which are holders of OP Units, including BPG Sub. When the Operating Partnership makes such distributions, in addition to BPG Sub and its wholly owned subsidiaries, the other partners of the Operating Partnership are also entitled to receive equivalent distributions on their partnership interests in the Operating Partnership on a pro rata basis;
|
•
|
second, BPG Sub distributes to Brixmor Property Group Inc. its share of such distributions; and
|
•
|
third, Brixmor Property Group Inc. distributes the amount authorized by its Board of Directors and declared by Brixmor Property Group Inc. to its common stockholders on a pro rata basis.
|
|
Restricted Shares
|
|
Aggregate Fair Value
|
|||
Outstanding, December 31, 2013
|
2,082
|
|
|
$
|
29,486
|
|
Vested
|
(847
|
)
|
|
(12,057
|
)
|
|
Granted
|
619
|
|
|
12,888
|
|
|
Forfeited
|
(33
|
)
|
|
(676
|
)
|
|
Outstanding, December 31, 2014
|
1,821
|
|
|
29,641
|
|
|
Vested
|
(1,341
|
)
|
|
(19,828
|
)
|
|
Granted
|
735
|
|
|
16,766
|
|
|
Forfeited
|
(43
|
)
|
|
(930
|
)
|
|
Outstanding, December 31, 2015
|
1,172
|
|
|
25,649
|
|
|
Vested
|
(519
|
)
|
|
(12,550
|
)
|
|
Granted
|
881
|
|
|
18,842
|
|
|
Forfeited
|
(519
|
)
|
|
(8,861
|
)
|
|
Outstanding, December 31, 2016
|
1,015
|
|
|
$
|
23,080
|
|
|
|
|
|
|
Year Ended December 31,
|
||||||||||
|
2016
|
|
2015
|
|
2014
|
||||||
Computation of Basic Earnings Per Share:
|
|
|
|
|
|
||||||
Income from continuing operations
|
$
|
278,142
|
|
|
$
|
197,536
|
|
|
$
|
112,771
|
|
Income attributable to non-controlling interests
|
(2,514
|
)
|
|
(3,816
|
)
|
|
(24,481
|
)
|
|||
Non-forfeitable dividends on unvested restricted shares
|
(40
|
)
|
|
(23
|
)
|
|
(1,027
|
)
|
|||
Preferred stock dividends
|
(150
|
)
|
|
(150
|
)
|
|
(150
|
)
|
|||
Income from continuing operations attributable to common stockholders
|
275,438
|
|
|
193,547
|
|
|
87,113
|
|
|||
Income from discontinued operations, net of non-controlling interests
|
—
|
|
|
—
|
|
|
712
|
|
|||
Net income attributable to the Company’s common stockholders for basic earnings per share
|
$
|
275,438
|
|
|
$
|
193,547
|
|
|
$
|
87,825
|
|
|
|
|
|
|
|
||||||
Weighted average number shares outstanding - basic
|
301,601
|
|
|
298,004
|
|
|
243,390
|
|
|||
|
|
|
|
|
|
||||||
Basic Earnings Per Share Attributable to the Company’s Common Stockholders:
|
|
|
|
|
|
||||||
Income from continuing operations
|
$
|
0.91
|
|
|
$
|
0.65
|
|
|
$
|
0.36
|
|
Income from discontinued operations
|
—
|
|
|
—
|
|
|
—
|
|
|||
Net income
|
$
|
0.91
|
|
|
$
|
0.65
|
|
|
$
|
0.36
|
|
|
|
|
|
|
|
||||||
Computation of Diluted Earnings Per Share:
|
|
|
|
|
|
||||||
Income from continuing operations attributable to common stockholders
|
$
|
275,438
|
|
|
$
|
193,547
|
|
|
$
|
87,113
|
|
Allocation to convertible non-controlling interests
|
2,514
|
|
|
3,816
|
|
|
—
|
|
|||
Income from continuing operations attributable to common stockholders for diluted earnings per share
|
277,952
|
|
|
197,363
|
|
|
87,113
|
|
|||
Income from discontinued operations, net of nonconvertible non-controlling interests
|
—
|
|
|
—
|
|
|
712
|
|
|||
Net income attributable to the Company’s common stockholders for diluted earnings per share
|
$
|
277,952
|
|
|
$
|
197,363
|
|
|
$
|
87,825
|
|
|
|
|
|
|
|
||||||
Weighted average common shares outstanding - basic
|
301,601
|
|
|
298,004
|
|
|
243,390
|
|
|||
Effect of dilutive securities:
|
|
|
|
|
|
||||||
Conversion of OP Units
(1)
|
3,000
|
|
|
5,988
|
|
|
—
|
|
|||
Equity awards
|
459
|
|
|
1,025
|
|
|
1,198
|
|
|||
Weighted average common shares outstanding - diluted
|
305,060
|
|
|
305,017
|
|
|
244,588
|
|
|||
|
|
|
|
|
|
||||||
Diluted Earnings Per Share Attributable to the Company’s Common Stockholders:
|
|
|
|
|
|
||||||
Income from continuing operations
|
$
|
0.91
|
|
|
$
|
0.65
|
|
|
$
|
0.36
|
|
Income from discontinued operations
|
—
|
|
|
—
|
|
|
—
|
|
|||
Net income
|
$
|
0.91
|
|
|
$
|
0.65
|
|
|
$
|
0.36
|
|
|
Year Ended December 31,
|
||||||||||
|
2016
|
|
2015
|
|
2014
|
||||||
Computation of Basic Earnings Per Unit:
|
|
|
|
|
|
||||||
Income from continuing operations
|
$
|
278,142
|
|
|
$
|
197,536
|
|
|
$
|
112,771
|
|
Income attributable to non-controlling interests
|
—
|
|
|
—
|
|
|
(3,001
|
)
|
|||
Non-forfeitable dividends on unvested restricted shares
|
(40
|
)
|
|
(23
|
)
|
|
(1,106
|
)
|
|||
Income from continuing operations attributable to partnership common units
|
278,102
|
|
|
197,513
|
|
|
108,664
|
|
|||
Income from discontinued operations, net of Series A interest
|
—
|
|
|
—
|
|
|
886
|
|
|||
Net income attributable to the Operating Partnership’s common units for basic earnings per unit
|
$
|
278,102
|
|
|
$
|
197,513
|
|
|
$
|
109,550
|
|
|
|
|
|
|
|
||||||
Weighted average number common units outstanding - basic
|
304,600
|
|
|
303,992
|
|
|
302,540
|
|
|||
|
|
|
|
|
|
||||||
Basic Earnings Per Unit Attributable to the Operating Partnership’s Common Units:
|
|
|
|
|
|
||||||
Income from continuing operations
|
$
|
0.91
|
|
|
$
|
0.65
|
|
|
$
|
0.36
|
|
Income from discontinued operations
|
—
|
|
|
—
|
|
|
—
|
|
|||
Net Income
|
$
|
0.91
|
|
|
$
|
0.65
|
|
|
$
|
0.36
|
|
|
|
|
|
|
|
||||||
Computation of Diluted Earnings Per Unit:
|
|
|
|
|
|
||||||
Income from continuing operations attributable to partnership common units
|
$
|
278,102
|
|
|
$
|
197,513
|
|
|
$
|
108,664
|
|
Income from discontinued operations, net of Series A interest
|
—
|
|
|
—
|
|
|
886
|
|
|||
Net income attributable to the Operating Partnership’s common units for diluted earnings per unit
|
$
|
278,102
|
|
|
$
|
197,513
|
|
|
$
|
109,550
|
|
|
|
|
|
|
|
||||||
Weighted average common units outstanding - basic
|
304,600
|
|
|
303,992
|
|
|
302,540
|
|
|||
Effect of dilutive securities:
|
|
|
|
|
|
||||||
Equity awards
|
459
|
|
|
1,025
|
|
|
1,198
|
|
|||
Weighted average common units outstanding - diluted
|
305,059
|
|
|
305,017
|
|
|
303,738
|
|
|||
|
|
|
|
|
|
||||||
Diluted Earnings Per Unit Attributable to the Operating Partnership’s Common Units:
|
|
|
|
|
|
||||||
Income from continuing operations
|
$
|
0.91
|
|
|
$
|
0.65
|
|
|
$
|
0.36
|
|
Income from discontinued operations
|
—
|
|
|
—
|
|
|
—
|
|
|||
Net Income
|
$
|
0.91
|
|
|
$
|
0.65
|
|
|
$
|
0.36
|
|
Year ending December 31,
|
|
|
||
2017
|
|
$
|
7,340
|
|
2018
|
|
6,907
|
|
|
2019
|
|
6,755
|
|
|
2020
|
|
6,761
|
|
|
2021
|
|
6,942
|
|
|
Thereafter
|
|
77,972
|
|
|
Total minimum annual rental commitments
|
|
$
|
112,677
|
|
|
|
|
Year End December 31,
|
||||||
|
|
|
2016
|
|
2015
|
||||
|
|
|
|
|
|
||||
Balance at the Beginning of the year
|
|
$
|
14,393
|
|
|
$
|
15,253
|
|
|
|
|
|
|
|
|
||||
Incurred related to:
|
|
|
|
|
|||||
|
Current year
|
|
4,625
|
|
|
3,541
|
|
||
|
Prior years
|
|
(828
|
)
|
|
(2,048
|
)
|
||
Total incurred
|
|
3,797
|
|
|
1,493
|
|
|||
|
|
|
|
|
|
|
|
||
Paid related to:
|
|
|
|
|
|||||
|
Current year
|
|
(171
|
)
|
|
(385
|
)
|
||
|
Prior years
|
|
(2,974
|
)
|
|
(1,968
|
)
|
||
Total paid
|
|
(3,145
|
)
|
|
(2,353
|
)
|
|||
|
|
|
|
|
|
||||
Balance at the end of the year
|
|
$
|
15,045
|
|
|
$
|
14,393
|
|
|
First Quarter
|
|
Second Quarter
|
|
Third Quarter
|
|
Fourth Quarter
|
||||||||
Year Ended December 31, 2016
|
|
|
|
|
|
|
|
||||||||
Total revenues
|
$
|
323,104
|
|
|
$
|
310,057
|
|
|
$
|
318,577
|
|
|
$
|
324,034
|
|
|
|
|
|
|
|
|
|
||||||||
Net income attributable to common stockholders
|
$
|
60,477
|
|
|
$
|
64,456
|
|
|
$
|
57,492
|
|
|
$
|
93,053
|
|
|
|
|
|
|
|
|
|
||||||||
Net income attributable to common stockholders per share:
|
|
|
|
|
|
|
|
||||||||
Basic
(1)
|
$
|
0.20
|
|
|
$
|
0.21
|
|
|
$
|
0.19
|
|
|
$
|
0.31
|
|
Diluted
(1)
|
$
|
0.20
|
|
|
$
|
0.21
|
|
|
$
|
0.19
|
|
|
$
|
0.31
|
|
|
|
|
|
|
|
|
|
||||||||
Year Ended December 31, 2015
|
|
|
|
|
|
|
|
||||||||
Total revenues
|
$
|
315,293
|
|
|
$
|
312,111
|
|
|
$
|
313,025
|
|
|
$
|
325,551
|
|
|
|
|
|
|
|
|
|
||||||||
Net income attributable to common stockholders
|
$
|
30,423
|
|
|
$
|
54,112
|
|
|
$
|
53,773
|
|
|
$
|
55,412
|
|
|
|
|
|
|
|
|
|
||||||||
Net income attributable to common stockholders per share:
|
|
|
|
|
|
|
|
||||||||
Basic
(1)
|
$
|
0.10
|
|
|
$
|
0.18
|
|
|
$
|
0.18
|
|
|
$
|
0.18
|
|
Diluted
(1)
|
$
|
0.10
|
|
|
$
|
0.18
|
|
|
$
|
0.18
|
|
|
$
|
0.18
|
|
(1)
|
The sum of the quarterly Basic and Diluted earnings per share may not equal the Basic and Diluted earnings per share for the years ended December 31, 2016 and 2015 due to rounding.
|
|
First Quarter
|
|
Second Quarter
|
|
Third Quarter
|
|
Fourth Quarter
|
||||||||
Year Ended December 31, 2016
|
|
|
|
|
|
|
|
||||||||
Total revenues
|
$
|
323,104
|
|
|
$
|
310,057
|
|
|
$
|
318,577
|
|
|
$
|
324,034
|
|
|
|
|
|
|
|
|
|
||||||||
Net income attributable to partnership common units
|
$
|
61,549
|
|
|
$
|
65,470
|
|
|
$
|
57,805
|
|
|
$
|
93,318
|
|
|
|
|
|
|
|
|
|
||||||||
Net income attributable to common unit holders per unit:
|
|
|
|
|
|
|
|
||||||||
Basic
(1)
|
$
|
0.20
|
|
|
$
|
0.21
|
|
|
$
|
0.19
|
|
|
$
|
0.31
|
|
Diluted
(1)
|
$
|
0.20
|
|
|
$
|
0.21
|
|
|
$
|
0.19
|
|
|
$
|
0.31
|
|
|
|
|
|
|
|
|
|
||||||||
Year Ended December 31, 2015
|
|
|
|
|
|
|
|
||||||||
Total revenues
|
$
|
315,293
|
|
|
$
|
312,111
|
|
|
$
|
313,025
|
|
|
$
|
325,551
|
|
|
|
|
|
|
|
|
|
||||||||
Net income attributable to partnership common units
|
$
|
31,136
|
|
|
$
|
55,167
|
|
|
$
|
54,819
|
|
|
$
|
56,414
|
|
|
|
|
|
|
|
|
|
||||||||
Net income attributable to common unit holders per unit:
|
|
|
|
|
|
|
|
||||||||
Basic
(1)
|
$
|
0.10
|
|
|
$
|
0.18
|
|
|
$
|
0.18
|
|
|
$
|
0.19
|
|
Diluted
(1)
|
$
|
0.10
|
|
|
$
|
0.18
|
|
|
$
|
0.18
|
|
|
$
|
0.18
|
|
(1)
|
The sum of the quarterly Basic and Diluted earnings per share may not equal the Basic and Diluted earnings per share for the years ended December 31, 2016 and 2015 due to rounding.
|
|
|
|
Additions
|
|
Deductions
|
|
|
||||||||
|
Balance at Beginning of Period
|
|
Charged / (Credited) to
Bad Debt Expense |
|
Accounts Receivable
Written Off |
|
Balance at
End of Period |
||||||||
|
|
|
|
|
|
|
|
||||||||
Allowance for doubtful accounts:
|
|
|
|
|
|
|
|
||||||||
|
|
|
|
|
|
|
|
||||||||
Year ended December 31, 2016
|
$
|
16,587
|
|
|
$
|
9,182
|
|
|
$
|
(9,013
|
)
|
|
$
|
16,756
|
|
Year ended December 31, 2015
|
$
|
14,070
|
|
|
$
|
9,540
|
|
|
$
|
(7,023
|
)
|
|
$
|
16,587
|
|
Year ended December 31, 2014
|
$
|
30,290
|
|
|
$
|
10,325
|
|
|
$
|
(26,545
|
)
|
|
$
|
14,070
|
|
|
|
|
|
|
|
|
|
|
Subsequent to Acquisition
|
|
Gross Amount at Which Carried
|
|
|
|
|
|
|
|
Life on Which Depreciated - Latest Income Statement
|
||||||||||||||||||||
|
|
|
|
|
Initial Cost to Company
|
|
|
at the Close of the Period
|
|
|
|
|
|
|
|
||||||||||||||||||||||||
Description
|
|
Encumbrances
|
|
Land
|
|
Building & Improvements
|
|
|
Land
|
|
Building & Improvements
|
|
Total
|
|
Accumulated Depreciation
|
|
Year Constructed(1)
|
|
Date Acquired
|
|
|||||||||||||||||||
Winchester Plaza
|
Huntsville, AL
|
|
$
|
—
|
|
|
$
|
2,634
|
|
|
$
|
12,105
|
|
|
$
|
365
|
|
|
$
|
2,634
|
|
|
$
|
12,470
|
|
|
$
|
15,104
|
|
|
$
|
(1,642
|
)
|
|
2006
|
|
Oct-13
|
|
40 years
|
Springdale
|
Mobile, AL
|
|
—
|
|
|
7,460
|
|
|
38,959
|
|
|
3,180
|
|
|
7,460
|
|
|
42,139
|
|
|
49,599
|
|
|
(16,544
|
)
|
|
2004
|
|
Jun-11
|
|
40 years
|
||||||||
Payton Park
|
Sylacauga, AL
|
|
(9,545
|
)
|
|
1,830
|
|
|
14,369
|
|
|
416
|
|
|
1,830
|
|
|
14,785
|
|
|
16,615
|
|
|
(4,933
|
)
|
|
1995
|
|
Jun-11
|
|
40 years
|
||||||||
Shops of Tuscaloosa
|
Tuscaloosa, AL
|
|
—
|
|
|
1,535
|
|
|
11,755
|
|
|
93
|
|
|
1,535
|
|
|
11,848
|
|
|
13,383
|
|
|
(1,641
|
)
|
|
2005
|
|
Oct-13
|
|
40 years
|
||||||||
Glendale Galleria
|
Glendale, AZ
|
|
—
|
|
|
4,070
|
|
|
6,894
|
|
|
8,384
|
|
|
4,070
|
|
|
15,278
|
|
|
19,348
|
|
|
(1,588
|
)
|
|
1991
|
|
Jun-11
|
|
40 years
|
||||||||
Northmall Centre
|
Tucson, AZ
|
|
(16,155
|
)
|
|
3,140
|
|
|
17,966
|
|
|
1,756
|
|
|
3,140
|
|
|
19,722
|
|
|
22,862
|
|
|
(4,493
|
)
|
|
1996
|
|
Jun-11
|
|
40 years
|
||||||||
Applegate Ranch Shopping Center
|
Atwater, CA
|
|
—
|
|
|
4,033
|
|
|
25,510
|
|
|
1,458
|
|
|
4,033
|
|
|
26,968
|
|
|
31,001
|
|
|
(4,509
|
)
|
|
2006
|
|
Oct-13
|
|
40 years
|
||||||||
Bakersfield Plaza
|
Bakersfield, CA
|
|
—
|
|
|
4,000
|
|
|
25,049
|
|
|
8,149
|
|
|
4,502
|
|
|
32,696
|
|
|
37,198
|
|
|
(8,605
|
)
|
|
1970
|
|
Jun-11
|
|
40 years
|
||||||||
Carmen Plaza
|
Camarillo, CA
|
|
(17,771
|
)
|
|
5,410
|
|
|
19,629
|
|
|
671
|
|
|
5,410
|
|
|
20,300
|
|
|
25,710
|
|
|
(5,356
|
)
|
|
2000
|
|
Jun-11
|
|
40 years
|
||||||||
Plaza Rio Vista
|
Cathedral, CA
|
|
—
|
|
|
2,465
|
|
|
12,575
|
|
|
86
|
|
|
2,465
|
|
|
12,661
|
|
|
15,126
|
|
|
(1,698
|
)
|
|
2005
|
|
Oct-13
|
|
40 years
|
||||||||
Clovis Commons
|
Clovis, CA
|
|
—
|
|
|
12,943
|
|
|
39,035
|
|
|
830
|
|
|
12,943
|
|
|
39,865
|
|
|
52,808
|
|
|
(7,769
|
)
|
|
2004
|
|
Oct-13
|
|
40 years
|
||||||||
Cudahy Plaza
|
Cudahy, CA
|
|
—
|
|
|
4,490
|
|
|
13,111
|
|
|
1,361
|
|
|
4,778
|
|
|
14,184
|
|
|
18,962
|
|
|
(3,264
|
)
|
|
1994
|
|
Jun-11
|
|
40 years
|
||||||||
University Mall
|
Davis, CA
|
|
—
|
|
|
4,270
|
|
|
18,120
|
|
|
1,378
|
|
|
4,270
|
|
|
19,498
|
|
|
23,768
|
|
|
(4,543
|
)
|
|
1964
|
|
Jun-11
|
|
40 years
|
||||||||
Felicita Plaza
|
Escondido, CA
|
|
—
|
|
|
4,280
|
|
|
12,434
|
|
|
799
|
|
|
4,280
|
|
|
13,233
|
|
|
17,513
|
|
|
(3,174
|
)
|
|
2001
|
|
Jun-11
|
|
40 years
|
||||||||
Felicita Town Center
|
Escondido, CA
|
|
—
|
|
|
11,231
|
|
|
31,381
|
|
|
—
|
|
|
11,231
|
|
|
31,381
|
|
|
42,612
|
|
|
—
|
|
|
1987
|
|
Dec-16
|
|
40 years
|
||||||||
Arbor - Broadway Faire
|
Fresno, CA
|
|
(12,467
|
)
|
|
5,940
|
|
|
33,902
|
|
|
1,907
|
|
|
5,940
|
|
|
35,809
|
|
|
41,749
|
|
|
(9,135
|
)
|
|
1995
|
|
Jun-11
|
|
40 years
|
||||||||
Lompoc Center
|
Lompoc, CA
|
|
—
|
|
|
4,670
|
|
|
15,965
|
|
|
1,872
|
|
|
4,670
|
|
|
17,837
|
|
|
22,507
|
|
|
(5,922
|
)
|
|
1960
|
|
Jun-11
|
|
40 years
|
||||||||
Briggsmore Plaza
|
Modesto, CA
|
|
—
|
|
|
2,140
|
|
|
11,224
|
|
|
2,756
|
|
|
2,140
|
|
|
13,980
|
|
|
16,120
|
|
|
(2,995
|
)
|
|
1998
|
|
Jun-11
|
|
40 years
|
||||||||
Montebello Plaza
|
Montebello, CA
|
|
—
|
|
|
13,360
|
|
|
33,255
|
|
|
5,793
|
|
|
13,360
|
|
|
39,048
|
|
|
52,408
|
|
|
(10,348
|
)
|
|
1974
|
|
Jun-11
|
|
40 years
|
||||||||
California Oaks Center
|
Murrieta, CA
|
|
—
|
|
|
5,180
|
|
|
13,737
|
|
|
4,002
|
|
|
5,180
|
|
|
17,739
|
|
|
22,919
|
|
|
(2,776
|
)
|
|
1990
|
|
Jun-11
|
|
40 years
|
||||||||
Esplanade Shopping Center
|
Oxnard, CA
|
|
—
|
|
|
6,630
|
|
|
60,611
|
|
|
15,422
|
|
|
16,229
|
|
|
66,434
|
|
|
82,663
|
|
|
(13,649
|
)
|
|
2002
|
|
Jun-11
|
|
40 years
|
||||||||
Pacoima Center
|
Pacoima, CA
|
|
—
|
|
|
7,050
|
|
|
15,932
|
|
|
672
|
|
|
7,050
|
|
|
16,604
|
|
|
23,654
|
|
|
(5,732
|
)
|
|
1995
|
|
Jun-11
|
|
40 years
|
||||||||
Paradise Plaza
|
Paradise, CA
|
|
—
|
|
|
1,820
|
|
|
8,765
|
|
|
899
|
|
|
1,820
|
|
|
9,664
|
|
|
11,484
|
|
|
(3,414
|
)
|
|
1997
|
|
Jun-11
|
|
40 years
|
||||||||
Metro 580
|
Pleasanton, CA
|
|
—
|
|
|
10,500
|
|
|
19,311
|
|
|
1,664
|
|
|
10,500
|
|
|
20,975
|
|
|
31,475
|
|
|
(5,024
|
)
|
|
1996
|
|
Jun-11
|
|
40 years
|
||||||||
Rose Pavilion
|
Pleasanton, CA
|
|
—
|
|
|
19,619
|
|
|
61,302
|
|
|
2,979
|
|
|
19,619
|
|
|
64,281
|
|
|
83,900
|
|
|
(11,874
|
)
|
|
2017
|
|
Jun-11
|
|
40 years
|
||||||||
Puente Hills Town Center
|
Rowland Heights, CA
|
|
—
|
|
|
15,670
|
|
|
39,285
|
|
|
3,605
|
|
|
15,670
|
|
|
42,890
|
|
|
58,560
|
|
|
(8,808
|
)
|
|
1984
|
|
Jun-11
|
|
40 years
|
||||||||
San Bernardino Center
|
San Bernardino, CA
|
|
—
|
|
|
2,510
|
|
|
9,537
|
|
|
191
|
|
|
2,510
|
|
|
9,728
|
|
|
12,238
|
|
|
(4,487
|
)
|
|
2003
|
|
Jun-11
|
|
40 years
|
||||||||
Ocean View Plaza
|
San Clemente, CA
|
|
—
|
|
|
15,750
|
|
|
30,024
|
|
|
1,255
|
|
|
15,750
|
|
|
31,279
|
|
|
47,029
|
|
|
(7,093
|
)
|
|
1990
|
|
Jun-11
|
|
40 years
|
||||||||
Mira Mesa Mall
|
San Diego, CA
|
|
—
|
|
|
14,870
|
|
|
74,660
|
|
|
2,101
|
|
|
14,870
|
|
|
76,761
|
|
|
91,631
|
|
|
(17,658
|
)
|
|
2003
|
|
Jun-11
|
|
40 years
|
||||||||
San Dimas Plaza
|
San Dimas, CA
|
|
—
|
|
|
11,490
|
|
|
20,618
|
|
|
7,243
|
|
|
15,100
|
|
|
24,251
|
|
|
39,351
|
|
|
(4,775
|
)
|
|
1986
|
|
Jun-11
|
|
40 years
|
||||||||
Bristol Plaza
|
Santa Ana, CA
|
|
—
|
|
|
9,110
|
|
|
21,169
|
|
|
2,725
|
|
|
9,722
|
|
|
23,282
|
|
|
33,004
|
|
|
(4,996
|
)
|
|
2003
|
|
Jun-11
|
|
40 years
|
||||||||
Gateway Plaza
|
Santa Fe Springs, CA
|
|
—
|
|
|
9,980
|
|
|
30,727
|
|
|
1,005
|
|
|
9,980
|
|
|
31,732
|
|
|
41,712
|
|
|
(7,850
|
)
|
|
2002
|
|
Jun-11
|
|
40 years
|
||||||||
Santa Paula Center
|
Santa Paula, CA
|
|
—
|
|
|
3,520
|
|
|
17,896
|
|
|
974
|
|
|
3,520
|
|
|
18,870
|
|
|
22,390
|
|
|
(5,617
|
)
|
|
1995
|
|
Jun-11
|
|
40 years
|
||||||||
Vail Ranch Center
|
Temecula, CA
|
|
—
|
|
|
3,750
|
|
|
22,179
|
|
|
1,180
|
|
|
3,750
|
|
|
23,359
|
|
|
27,109
|
|
|
(6,005
|
)
|
|
2003
|
|
Jun-11
|
|
40 years
|
||||||||
Country Hills Shopping Center
|
Torrance, CA
|
|
—
|
|
|
3,630
|
|
|
8,683
|
|
|
(234
|
)
|
|
3,630
|
|
|
8,449
|
|
|
12,079
|
|
|
(1,766
|
)
|
|
1977
|
|
Jun-11
|
|
40 years
|
||||||||
Gateway Plaza - Vallejo
|
Vallejo, CA
|
|
—
|
|
|
11,880
|
|
|
72,444
|
|
|
13,162
|
|
|
12,947
|
|
|
84,539
|
|
|
97,486
|
|
|
(18,900
|
)
|
|
2017
|
|
Jun-11
|
|
40 years
|
||||||||
Arvada Plaza
|
Arvada, CO
|
|
—
|
|
|
1,160
|
|
|
7,378
|
|
|
298
|
|
|
1,160
|
|
|
7,676
|
|
|
8,836
|
|
|
(2,894
|
)
|
|
1994
|
|
Jun-11
|
|
40 years
|
||||||||
Arapahoe Crossings
|
Aurora, CO
|
|
—
|
|
|
13,676
|
|
|
55,687
|
|
|
5,322
|
|
|
13,676
|
|
|
61,009
|
|
|
74,685
|
|
|
(9,308
|
)
|
|
1996
|
|
Jul-13
|
|
40 years
|
||||||||
Aurora Plaza
|
Aurora, CO
|
|
—
|
|
|
3,910
|
|
|
9,146
|
|
|
1,575
|
|
|
3,910
|
|
|
10,721
|
|
|
14,631
|
|
|
(4,347
|
)
|
|
1996
|
|
Jun-11
|
|
40 years
|
||||||||
Villa Monaco
|
Denver, CO
|
|
—
|
|
|
3,090
|
|
|
6,513
|
|
|
3,262
|
|
|
3,090
|
|
|
9,775
|
|
|
12,865
|
|
|
(1,994
|
)
|
|
1978
|
|
Jun-11
|
|
40 years
|
||||||||
Superior Marketplace
|
Superior, CO
|
|
(21,416
|
)
|
|
7,090
|
|
|
35,921
|
|
|
3,694
|
|
|
7,090
|
|
|
39,615
|
|
|
46,705
|
|
|
(8,658
|
)
|
|
1997
|
|
Jun-11
|
|
40 years
|
||||||||
Westminster City Center
|
Westminster, CO
|
|
—
|
|
|
6,040
|
|
|
44,416
|
|
|
9,315
|
|
|
6,040
|
|
|
53,731
|
|
|
59,771
|
|
|
(11,670
|
)
|
|
1996
|
|
Jun-11
|
|
40 years
|
||||||||
Freshwater - Stateline Plaza
|
Enfield, CT
|
|
—
|
|
|
3,350
|
|
|
30,149
|
|
|
1,522
|
|
|
3,350
|
|
|
31,671
|
|
|
35,021
|
|
|
(8,047
|
)
|
|
2004
|
|
Jun-11
|
|
40 years
|
||||||||
The Shoppes at Fox Run
|
Glastonbury, CT
|
|
—
|
|
|
3,550
|
|
|
22,729
|
|
|
2,611
|
|
|
3,600
|
|
|
25,290
|
|
|
28,890
|
|
|
(5,475
|
)
|
|
1974
|
|
Jun-11
|
|
40 years
|
||||||||
Groton Square
|
Groton, CT
|
|
—
|
|
|
2,730
|
|
|
28,066
|
|
|
1,510
|
|
|
2,730
|
|
|
29,576
|
|
|
32,306
|
|
|
(7,007
|
)
|
|
1987
|
|
Jun-11
|
|
40 years
|
||||||||
Parkway Plaza
|
Hamden, CT
|
|
—
|
|
|
4,100
|
|
|
7,709
|
|
|
137
|
|
|
4,100
|
|
|
7,846
|
|
|
11,946
|
|
|
(2,384
|
)
|
|
2006
|
|
Jun-11
|
|
40 years
|
||||||||
Killingly Plaza
|
Killingly, CT
|
|
—
|
|
|
1,270
|
|
|
2,522
|
|
|
1,243
|
|
|
1,270
|
|
|
3,765
|
|
|
5,035
|
|
|
(725
|
)
|
|
1990
|
|
Jun-11
|
|
40 years
|
||||||||
The Manchester Collection
|
Manchester, CT
|
|
—
|
|
|
9,180
|
|
|
51,896
|
|
|
4,826
|
|
|
9,180
|
|
|
56,722
|
|
|
65,902
|
|
|
(10,476
|
)
|
|
2001
|
|
Jun-11
|
|
40 years
|
||||||||
Chamberlain Plaza
|
Meriden, CT
|
|
(3,033
|
)
|
|
1,260
|
|
|
4,480
|
|
|
772
|
|
|
1,260
|
|
|
5,252
|
|
|
6,512
|
|
|
(1,552
|
)
|
|
2004
|
|
Jun-11
|
|
40 years
|
||||||||
Milford Center
|
Milford, CT
|
|
—
|
|
|
1,140
|
|
|
1,849
|
|
|
(2,569
|
)
|
|
—
|
|
|
420
|
|
|
420
|
|
|
(272
|
)
|
|
1966
|
|
Jun-11
|
|
40 years
|
||||||||
Turnpike Plaza
|
Newington, CT
|
|
—
|
|
|
3,920
|
|
|
23,879
|
|
|
21
|
|
|
3,920
|
|
|
23,900
|
|
|
27,820
|
|
|
(5,833
|
)
|
|
2004
|
|
Jun-11
|
|
40 years
|
||||||||
North Haven Crossing
|
North Haven, CT
|
|
(10,120
|
)
|
|
5,430
|
|
|
15,959
|
|
|
1,059
|
|
|
5,430
|
|
|
17,018
|
|
|
22,448
|
|
|
(3,805
|
)
|
|
1993
|
|
Jun-11
|
|
40 years
|
|
|
|
|
|
|
|
|
|
Subsequent to Acquisition
|
|
Gross Amount at Which Carried
|
|
|
|
|
|
|
|
Life on Which Depreciated - Latest Income Statement
|
||||||||||||||||||||
|
|
|
|
|
Initial Cost to Company
|
|
|
at the Close of the Period
|
|
|
|
|
|
|
|
||||||||||||||||||||||||
Description
|
|
Encumbrances
|
|
Land
|
|
Building & Improvements
|
|
|
Land
|
|
Building & Improvements
|
|
Total
|
|
Accumulated Depreciation
|
|
Year Constructed(1)
|
|
Date Acquired
|
|
|||||||||||||||||||
Christmas Tree Plaza
|
Orange, CT
|
|
(1,708
|
)
|
|
4,870
|
|
|
14,844
|
|
|
695
|
|
|
4,870
|
|
|
15,539
|
|
|
20,409
|
|
|
(4,470
|
)
|
|
1996
|
|
Jun-11
|
|
40 years
|
||||||||
Stratford Square
|
Stratford, CT
|
|
—
|
|
|
5,970
|
|
|
11,796
|
|
|
6,766
|
|
|
5,970
|
|
|
18,562
|
|
|
24,532
|
|
|
(3,267
|
)
|
|
1984
|
|
Jun-11
|
|
40 years
|
||||||||
Torrington Plaza
|
Torrington, CT
|
|
—
|
|
|
2,180
|
|
|
12,967
|
|
|
3,251
|
|
|
2,180
|
|
|
16,218
|
|
|
18,398
|
|
|
(3,566
|
)
|
|
1994
|
|
Jun-11
|
|
40 years
|
||||||||
Waterbury Plaza
|
Waterbury, CT
|
|
(15,823
|
)
|
|
5,420
|
|
|
17,415
|
|
|
1,393
|
|
|
5,420
|
|
|
18,808
|
|
|
24,228
|
|
|
(5,274
|
)
|
|
2000
|
|
Jun-11
|
|
40 years
|
||||||||
Waterford Commons
|
Waterford, CT
|
|
(24,395
|
)
|
|
4,990
|
|
|
45,234
|
|
|
4,073
|
|
|
4,990
|
|
|
49,307
|
|
|
54,297
|
|
|
(11,051
|
)
|
|
2004
|
|
Jun-11
|
|
40 years
|
||||||||
North Dover Center
|
Dover, DE
|
|
—
|
|
|
3,100
|
|
|
20,205
|
|
|
2,063
|
|
|
3,100
|
|
|
22,268
|
|
|
25,368
|
|
|
(5,872
|
)
|
|
1989
|
|
Jun-11
|
|
40 years
|
||||||||
Brooksville Square
|
Brooksville, FL
|
|
—
|
|
|
4,140
|
|
|
12,095
|
|
|
2,102
|
|
|
4,140
|
|
|
14,197
|
|
|
18,337
|
|
|
(3,705
|
)
|
|
1987
|
|
Jun-11
|
|
40 years
|
||||||||
Coastal Way - Coastal Landing
|
Brooksville, FL
|
|
(27,295
|
)
|
|
8,840
|
|
|
33,502
|
|
|
3,526
|
|
|
8,840
|
|
|
37,028
|
|
|
45,868
|
|
|
(9,860
|
)
|
|
2008
|
|
Jun-11
|
|
40 years
|
||||||||
Midpoint Center
|
Cape Coral, FL
|
|
—
|
|
|
4,251
|
|
|
13,184
|
|
|
131
|
|
|
4,251
|
|
|
13,315
|
|
|
17,566
|
|
|
(1,994
|
)
|
|
2002
|
|
Oct-13
|
|
40 years
|
||||||||
Clearwater Mall
|
Clearwater, FL
|
|
(47,775
|
)
|
|
15,300
|
|
|
54,851
|
|
|
2,208
|
|
|
15,300
|
|
|
57,059
|
|
|
72,359
|
|
|
(11,920
|
)
|
|
1973
|
|
Jun-11
|
|
40 years
|
||||||||
Coconut Creek Plaza
|
Coconut Creek, FL
|
|
(13,317
|
)
|
|
7,400
|
|
|
25,319
|
|
|
3,148
|
|
|
7,400
|
|
|
28,467
|
|
|
35,867
|
|
|
(5,689
|
)
|
|
2005
|
|
Jun-11
|
|
40 years
|
||||||||
Century Plaza Shopping Center
|
Deerfield Beach, FL
|
|
—
|
|
|
3,050
|
|
|
8,257
|
|
|
1,232
|
|
|
3,050
|
|
|
9,489
|
|
|
12,539
|
|
|
(2,567
|
)
|
|
2006
|
|
Jun-11
|
|
40 years
|
||||||||
Northgate Shopping Center
|
DeLand, FL
|
|
—
|
|
|
3,500
|
|
|
11,008
|
|
|
651
|
|
|
3,500
|
|
|
11,659
|
|
|
15,159
|
|
|
(3,466
|
)
|
|
1993
|
|
Jun-11
|
|
40 years
|
||||||||
Eustis Village
|
Eustis, FL
|
|
—
|
|
|
3,789
|
|
|
20,641
|
|
|
129
|
|
|
3,789
|
|
|
20,770
|
|
|
24,559
|
|
|
(3,332
|
)
|
|
2002
|
|
Oct-13
|
|
40 years
|
||||||||
First Street Village
|
Fort Meyers, FL
|
|
—
|
|
|
2,374
|
|
|
8,244
|
|
|
92
|
|
|
2,374
|
|
|
8,336
|
|
|
10,710
|
|
|
(1,213
|
)
|
|
2006
|
|
Oct-13
|
|
40 years
|
||||||||
Sun Plaza
|
Ft. Walton Beach, FL
|
|
—
|
|
|
4,480
|
|
|
12,629
|
|
|
513
|
|
|
4,480
|
|
|
13,142
|
|
|
17,622
|
|
|
(4,073
|
)
|
|
2004
|
|
Jun-11
|
|
40 years
|
||||||||
Normandy Square
|
Jacksonville, FL
|
|
—
|
|
|
1,930
|
|
|
5,384
|
|
|
565
|
|
|
1,930
|
|
|
5,949
|
|
|
7,879
|
|
|
(2,340
|
)
|
|
1996
|
|
Jun-11
|
|
40 years
|
||||||||
Regency Park Shopping Center
|
Jacksonville, FL
|
|
(11,861
|
)
|
|
6,240
|
|
|
14,226
|
|
|
975
|
|
|
6,240
|
|
|
15,201
|
|
|
21,441
|
|
|
(4,098
|
)
|
|
1985
|
|
Jun-11
|
|
40 years
|
||||||||
The Shoppes at Southside
|
Jacksonville, FL
|
|
—
|
|
|
6,720
|
|
|
18,609
|
|
|
125
|
|
|
6,720
|
|
|
18,734
|
|
|
25,454
|
|
|
(4,282
|
)
|
|
2004
|
|
Jun-11
|
|
40 years
|
||||||||
Ventura Downs
|
Kissimmee, FL
|
|
(5,185
|
)
|
|
3,580
|
|
|
8,172
|
|
|
253
|
|
|
3,580
|
|
|
8,425
|
|
|
12,005
|
|
|
(2,497
|
)
|
|
1989
|
|
Jun-11
|
|
40 years
|
||||||||
Marketplace at Wycliffe
|
Lake Worth, FL
|
|
—
|
|
|
7,930
|
|
|
13,518
|
|
|
1,206
|
|
|
7,930
|
|
|
14,724
|
|
|
22,654
|
|
|
(2,492
|
)
|
|
2002
|
|
Jun-11
|
|
40 years
|
||||||||
Venetian Isle Shopping Ctr
|
Lighthouse Point, FL
|
|
—
|
|
|
8,270
|
|
|
14,805
|
|
|
1,458
|
|
|
8,270
|
|
|
16,263
|
|
|
24,533
|
|
|
(4,044
|
)
|
|
1992
|
|
Jun-11
|
|
40 years
|
||||||||
Marco Town Center
|
Marco Island, FL
|
|
—
|
|
|
7,235
|
|
|
26,579
|
|
|
418
|
|
|
7,235
|
|
|
26,997
|
|
|
34,232
|
|
|
(3,578
|
)
|
|
2001
|
|
Oct-13
|
|
40 years
|
||||||||
Mall at 163rd Street
|
Miami, FL
|
|
—
|
|
|
9,450
|
|
|
35,076
|
|
|
2,651
|
|
|
9,450
|
|
|
37,727
|
|
|
47,177
|
|
|
(8,017
|
)
|
|
2007
|
|
Jun-11
|
|
40 years
|
||||||||
Miami Gardens
|
Miami, FL
|
|
(22,332
|
)
|
|
8,876
|
|
|
17,567
|
|
|
486
|
|
|
8,876
|
|
|
18,053
|
|
|
26,929
|
|
|
(5,995
|
)
|
|
1996
|
|
Jun-11
|
|
40 years
|
||||||||
Freedom Square
|
Naples, FL
|
|
—
|
|
|
4,735
|
|
|
15,289
|
|
|
944
|
|
|
4,735
|
|
|
16,233
|
|
|
20,968
|
|
|
(4,590
|
)
|
|
1995
|
|
Jun-11
|
|
40 years
|
||||||||
Naples Plaza
|
Naples, FL
|
|
—
|
|
|
9,200
|
|
|
20,526
|
|
|
9,103
|
|
|
9,200
|
|
|
29,629
|
|
|
38,829
|
|
|
(6,622
|
)
|
|
2013
|
|
Jun-11
|
|
40 years
|
||||||||
Park Shore Plaza
|
Naples, FL
|
|
—
|
|
|
4,750
|
|
|
13,861
|
|
|
19,565
|
|
|
7,245
|
|
|
30,931
|
|
|
38,176
|
|
|
(3,567
|
)
|
|
2017
|
|
Jun-11
|
|
40 years
|
||||||||
Chelsea Place
|
New Port Richey, FL
|
|
—
|
|
|
3,303
|
|
|
9,821
|
|
|
299
|
|
|
3,303
|
|
|
10,120
|
|
|
13,423
|
|
|
(1,997
|
)
|
|
1992
|
|
Oct-13
|
|
40 years
|
||||||||
Southgate Center
|
New Port Richey, FL
|
|
—
|
|
|
6,730
|
|
|
14,325
|
|
|
3,925
|
|
|
6,730
|
|
|
18,250
|
|
|
24,980
|
|
|
(4,609
|
)
|
|
1966
|
|
Jun-11
|
|
40 years
|
||||||||
Presidential Plaza West
|
North Lauderdale, FL
|
|
—
|
|
|
2,070
|
|
|
5,503
|
|
|
412
|
|
|
2,070
|
|
|
5,915
|
|
|
7,985
|
|
|
(1,267
|
)
|
|
2006
|
|
Jun-11
|
|
40 years
|
||||||||
Fashion Square
|
Orange Park, FL
|
|
—
|
|
|
1,770
|
|
|
3,816
|
|
|
374
|
|
|
1,770
|
|
|
4,190
|
|
|
5,960
|
|
|
(1,204
|
)
|
|
1996
|
|
Jun-11
|
|
40 years
|
||||||||
Colonial Marketplace
|
Orlando, FL
|
|
(14,498
|
)
|
|
4,230
|
|
|
19,813
|
|
|
2,259
|
|
|
4,230
|
|
|
22,072
|
|
|
26,302
|
|
|
(4,711
|
)
|
|
1986
|
|
Jun-11
|
|
40 years
|
||||||||
Conway Crossing
|
Orlando, FL
|
|
—
|
|
|
3,163
|
|
|
12,171
|
|
|
496
|
|
|
3,163
|
|
|
12,667
|
|
|
15,830
|
|
|
(2,100
|
)
|
|
2002
|
|
Oct-13
|
|
40 years
|
||||||||
Hunter's Creek Plaza
|
Orlando, FL
|
|
—
|
|
|
3,589
|
|
|
6,686
|
|
|
179
|
|
|
3,589
|
|
|
6,865
|
|
|
10,454
|
|
|
(1,811
|
)
|
|
1998
|
|
Oct-13
|
|
40 years
|
||||||||
Pointe Orlando
|
Orlando, FL
|
|
—
|
|
|
6,120
|
|
|
55,954
|
|
|
22,428
|
|
|
6,120
|
|
|
78,382
|
|
|
84,502
|
|
|
(14,520
|
)
|
|
1997
|
|
Jun-11
|
|
40 years
|
||||||||
Martin Downs Town Center
|
Palm City, FL
|
|
—
|
|
|
1,660
|
|
|
9,827
|
|
|
146
|
|
|
1,660
|
|
|
9,973
|
|
|
11,633
|
|
|
(1,392
|
)
|
|
1996
|
|
Oct-13
|
|
40 years
|
||||||||
Martin Downs Village Center
|
Palm City, FL
|
|
—
|
|
|
5,319
|
|
|
28,475
|
|
|
1,057
|
|
|
5,319
|
|
|
29,532
|
|
|
34,851
|
|
|
(4,299
|
)
|
|
1987
|
|
Jun-11
|
|
40 years
|
||||||||
23rd Street Station
|
Panama City, FL
|
|
(6,654
|
)
|
|
3,120
|
|
|
9,016
|
|
|
668
|
|
|
3,120
|
|
|
9,684
|
|
|
12,804
|
|
|
(2,327
|
)
|
|
1995
|
|
Jun-11
|
|
40 years
|
||||||||
Panama City Square
|
Panama City, FL
|
|
—
|
|
|
5,690
|
|
|
14,874
|
|
|
2,317
|
|
|
5,690
|
|
|
17,191
|
|
|
22,881
|
|
|
(4,279
|
)
|
|
1989
|
|
Jun-11
|
|
40 years
|
||||||||
Pensacola Square
|
Pensacola, FL
|
|
—
|
|
|
2,630
|
|
|
9,754
|
|
|
1,211
|
|
|
2,630
|
|
|
10,965
|
|
|
13,595
|
|
|
(3,433
|
)
|
|
1995
|
|
Jun-11
|
|
40 years
|
||||||||
East Port Plaza
|
Port St. Lucie, FL
|
|
—
|
|
|
4,099
|
|
|
22,439
|
|
|
68
|
|
|
4,099
|
|
|
22,507
|
|
|
26,606
|
|
|
(3,610
|
)
|
|
1991
|
|
Oct-13
|
|
40 years
|
||||||||
Shoppes of Victoria Square
|
Port St. Lucie, FL
|
|
—
|
|
|
3,450
|
|
|
6,379
|
|
|
597
|
|
|
3,450
|
|
|
6,976
|
|
|
10,426
|
|
|
(2,100
|
)
|
|
1990
|
|
Jun-11
|
|
40 years
|
||||||||
Lake St. Charles
|
Riverview, FL
|
|
—
|
|
|
2,801
|
|
|
6,909
|
|
|
40
|
|
|
2,801
|
|
|
6,949
|
|
|
9,750
|
|
|
(914
|
)
|
|
1999
|
|
Oct-13
|
|
40 years
|
||||||||
Cobblestone Village
|
Royal Palm Beach, FL
|
|
—
|
|
|
2,700
|
|
|
5,002
|
|
|
477
|
|
|
2,700
|
|
|
5,479
|
|
|
8,179
|
|
|
(988
|
)
|
|
2005
|
|
Jun-11
|
|
40 years
|
||||||||
Beneva Village Shoppes
|
Sarasota, FL
|
|
—
|
|
|
3,489
|
|
|
17,406
|
|
|
1,013
|
|
|
3,489
|
|
|
18,419
|
|
|
21,908
|
|
|
(2,867
|
)
|
|
1987
|
|
Oct-13
|
|
40 years
|
||||||||
Sarasota Village
|
Sarasota, FL
|
|
—
|
|
|
5,190
|
|
|
12,476
|
|
|
3,589
|
|
|
5,190
|
|
|
16,065
|
|
|
21,255
|
|
|
(3,519
|
)
|
|
1972
|
|
Jun-11
|
|
40 years
|
||||||||
Atlantic Plaza
|
Satellite Beach, FL
|
|
(7,029
|
)
|
|
2,630
|
|
|
10,959
|
|
|
843
|
|
|
2,630
|
|
|
11,802
|
|
|
14,432
|
|
|
(2,590
|
)
|
|
2008
|
|
Jun-11
|
|
40 years
|
||||||||
Seminole Plaza
|
Seminole, FL
|
|
(5,545
|
)
|
|
3,870
|
|
|
7,934
|
|
|
1,580
|
|
|
3,870
|
|
|
9,514
|
|
|
13,384
|
|
|
(1,458
|
)
|
|
1964
|
|
Jun-11
|
|
40 years
|
||||||||
Cobblestone Village
|
St. Augustine, FL
|
|
(26,367
|
)
|
|
7,260
|
|
|
32,517
|
|
|
2,188
|
|
|
7,260
|
|
|
34,705
|
|
|
41,965
|
|
|
(7,746
|
)
|
|
2003
|
|
Jun-11
|
|
40 years
|
||||||||
Dolphin Village
|
St. Pete Beach, FL
|
|
—
|
|
|
9,882
|
|
|
16,077
|
|
|
823
|
|
|
9,882
|
|
|
16,900
|
|
|
26,782
|
|
|
(2,812
|
)
|
|
1990
|
|
Oct-13
|
|
40 years
|
||||||||
Bay Pointe Plaza
|
St. Petersburg, FL
|
|
—
|
|
|
4,025
|
|
|
11,792
|
|
|
7,867
|
|
|
4,025
|
|
|
19,659
|
|
|
23,684
|
|
|
(1,643
|
)
|
|
2016
|
|
Oct-13
|
|
40 years
|
||||||||
Rutland Plaza
|
St. Petersburg, FL
|
|
(6,805
|
)
|
|
3,880
|
|
|
8,143
|
|
|
611
|
|
|
3,880
|
|
|
8,754
|
|
|
12,634
|
|
|
(2,634
|
)
|
|
2002
|
|
Jun-11
|
|
40 years
|
||||||||
Skyway Plaza
|
St. Petersburg, FL
|
|
—
|
|
|
2,200
|
|
|
7,178
|
|
|
69
|
|
|
2,200
|
|
|
7,247
|
|
|
9,447
|
|
|
(2,417
|
)
|
|
2002
|
|
Jun-11
|
|
40 years
|
|
|
|
|
|
|
|
|
|
Subsequent to Acquisition
|
|
Gross Amount at Which Carried
|
|
|
|
|
|
|
|
Life on Which Depreciated - Latest Income Statement
|
||||||||||||||||||||
|
|
|
|
|
Initial Cost to Company
|
|
|
at the Close of the Period
|
|
|
|
|
|
|
|
||||||||||||||||||||||||
Description
|
|
Encumbrances
|
|
Land
|
|
Building & Improvements
|
|
|
Land
|
|
Building & Improvements
|
|
Total
|
|
Accumulated Depreciation
|
|
Year Constructed(1)
|
|
Date Acquired
|
|
|||||||||||||||||||
Tyrone Gardens
|
St. Petersburg, FL
|
|
—
|
|
|
5,690
|
|
|
9,811
|
|
|
761
|
|
|
5,690
|
|
|
10,572
|
|
|
16,262
|
|
|
(3,430
|
)
|
|
1998
|
|
Jun-11
|
|
40 years
|
||||||||
Downtown Publix
|
Stuart, FL
|
|
(10,881
|
)
|
|
1,770
|
|
|
12,647
|
|
|
657
|
|
|
1,770
|
|
|
13,304
|
|
|
15,074
|
|
|
(2,941
|
)
|
|
2000
|
|
Jun-11
|
|
40 years
|
||||||||
Sunrise Town Center
|
Sunrise, FL
|
|
—
|
|
|
7,856
|
|
|
9,609
|
|
|
470
|
|
|
7,856
|
|
|
10,079
|
|
|
17,935
|
|
|
(3,091
|
)
|
|
1989
|
|
Oct-13
|
|
40 years
|
||||||||
Carrollwood Center
|
Tampa, FL
|
|
—
|
|
|
3,749
|
|
|
14,898
|
|
|
772
|
|
|
3,749
|
|
|
15,670
|
|
|
19,419
|
|
|
(2,814
|
)
|
|
2002
|
|
Oct-13
|
|
40 years
|
||||||||
Ross Plaza
|
Tampa, FL
|
|
—
|
|
|
2,808
|
|
|
11,847
|
|
|
662
|
|
|
2,808
|
|
|
12,509
|
|
|
15,317
|
|
|
(2,085
|
)
|
|
1996
|
|
Oct-13
|
|
40 years
|
||||||||
Tarpon Mall
|
Tarpon Springs, FL
|
|
(17,201
|
)
|
|
7,800
|
|
|
13,765
|
|
|
3,596
|
|
|
7,800
|
|
|
17,361
|
|
|
25,161
|
|
|
(4,419
|
)
|
|
2003
|
|
Jun-11
|
|
40 years
|
||||||||
Venice Plaza
|
Venice, FL
|
|
—
|
|
|
3,245
|
|
|
14,504
|
|
|
208
|
|
|
3,245
|
|
|
14,712
|
|
|
17,957
|
|
|
(1,699
|
)
|
|
1999
|
|
Oct-13
|
|
40 years
|
||||||||
Venice Shopping Center
|
Venice, FL
|
|
—
|
|
|
2,555
|
|
|
6,847
|
|
|
331
|
|
|
2,555
|
|
|
7,178
|
|
|
9,733
|
|
|
(1,174
|
)
|
|
2000
|
|
Oct-13
|
|
40 years
|
||||||||
Governors Towne Square
|
Acworth, GA
|
|
—
|
|
|
2,605
|
|
|
14,051
|
|
|
76
|
|
|
2,605
|
|
|
14,127
|
|
|
16,732
|
|
|
(2,004
|
)
|
|
2005
|
|
Oct-13
|
|
40 years
|
||||||||
Albany Plaza
|
Albany, GA
|
|
(2,786
|
)
|
|
1,840
|
|
|
3,072
|
|
|
231
|
|
|
1,840
|
|
|
3,303
|
|
|
5,143
|
|
|
(971
|
)
|
|
1995
|
|
Jun-11
|
|
40 years
|
||||||||
Mansell Crossing
|
Alpharetta, GA
|
|
—
|
|
|
19,840
|
|
|
33,894
|
|
|
5,633
|
|
|
19,840
|
|
|
39,527
|
|
|
59,367
|
|
|
(9,479
|
)
|
|
1993
|
|
Jun-11
|
|
40 years
|
||||||||
Perlis Plaza
|
Americus, GA
|
|
—
|
|
|
1,170
|
|
|
4,743
|
|
|
544
|
|
|
1,170
|
|
|
5,287
|
|
|
6,457
|
|
|
(1,893
|
)
|
|
1972
|
|
Jun-11
|
|
40 years
|
||||||||
Northeast Plaza
|
Atlanta, GA
|
|
(19,853
|
)
|
|
5,370
|
|
|
37,729
|
|
|
1,033
|
|
|
5,370
|
|
|
38,762
|
|
|
44,132
|
|
|
(8,756
|
)
|
|
1952
|
|
Jun-11
|
|
40 years
|
||||||||
Augusta West Plaza
|
Augusta, GA
|
|
(4,207
|
)
|
|
1,070
|
|
|
8,208
|
|
|
321
|
|
|
1,070
|
|
|
8,529
|
|
|
9,599
|
|
|
(3,882
|
)
|
|
2006
|
|
Jun-11
|
|
40 years
|
||||||||
Sweetwater Village
|
Austell, GA
|
|
—
|
|
|
1,080
|
|
|
3,052
|
|
|
224
|
|
|
1,080
|
|
|
3,276
|
|
|
4,356
|
|
|
(1,147
|
)
|
|
1985
|
|
Jun-11
|
|
40 years
|
||||||||
Vineyards at Chateau Elan
|
Braselton, GA
|
|
—
|
|
|
2,202
|
|
|
14,619
|
|
|
410
|
|
|
2,202
|
|
|
15,029
|
|
|
17,231
|
|
|
(2,113
|
)
|
|
2002
|
|
Oct-13
|
|
40 years
|
||||||||
Cedar Plaza
|
Cedartown, GA
|
|
—
|
|
|
1,550
|
|
|
4,342
|
|
|
94
|
|
|
1,550
|
|
|
4,436
|
|
|
5,986
|
|
|
(1,555
|
)
|
|
1994
|
|
Jun-11
|
|
40 years
|
||||||||
Conyers Plaza
|
Conyers, GA
|
|
—
|
|
|
3,870
|
|
|
11,854
|
|
|
1,429
|
|
|
3,870
|
|
|
13,283
|
|
|
17,153
|
|
|
(3,783
|
)
|
|
2001
|
|
Jun-11
|
|
40 years
|
||||||||
Cordele Square
|
Cordele, GA
|
|
—
|
|
|
2,050
|
|
|
5,625
|
|
|
381
|
|
|
2,050
|
|
|
6,006
|
|
|
8,056
|
|
|
(2,345
|
)
|
|
2002
|
|
Jun-11
|
|
40 years
|
||||||||
Covington Gallery
|
Covington, GA
|
|
(5,507
|
)
|
|
3,280
|
|
|
8,413
|
|
|
608
|
|
|
3,280
|
|
|
9,021
|
|
|
12,301
|
|
|
(2,672
|
)
|
|
1991
|
|
Jun-11
|
|
40 years
|
||||||||
Salem Road Station
|
Covington, GA
|
|
—
|
|
|
670
|
|
|
11,404
|
|
|
215
|
|
|
670
|
|
|
11,619
|
|
|
12,289
|
|
|
(2,157
|
)
|
|
2000
|
|
Oct-13
|
|
40 years
|
||||||||
Keith Bridge Commons
|
Cumming, GA
|
|
—
|
|
|
1,501
|
|
|
15,025
|
|
|
243
|
|
|
1,601
|
|
|
15,168
|
|
|
16,769
|
|
|
(2,795
|
)
|
|
2002
|
|
Oct-13
|
|
40 years
|
||||||||
Northside
|
Dalton, GA
|
|
—
|
|
|
1,320
|
|
|
3,950
|
|
|
440
|
|
|
1,320
|
|
|
4,390
|
|
|
5,710
|
|
|
(1,669
|
)
|
|
2001
|
|
Jun-11
|
|
40 years
|
||||||||
Cosby Station
|
Douglasville, GA
|
|
(5,373
|
)
|
|
2,650
|
|
|
6,582
|
|
|
380
|
|
|
2,650
|
|
|
6,962
|
|
|
9,612
|
|
|
(1,844
|
)
|
|
1994
|
|
Jun-11
|
|
40 years
|
||||||||
Park Plaza
|
Douglasville, GA
|
|
—
|
|
|
1,470
|
|
|
2,655
|
|
|
936
|
|
|
1,470
|
|
|
3,591
|
|
|
5,061
|
|
|
(699
|
)
|
|
1986
|
|
Jun-11
|
|
40 years
|
||||||||
Dublin Village
|
Dublin, GA
|
|
—
|
|
|
1,876
|
|
|
8,990
|
|
|
199
|
|
|
1,876
|
|
|
9,189
|
|
|
11,065
|
|
|
(2,039
|
)
|
|
2005
|
|
Oct-13
|
|
40 years
|
||||||||
Westgate
|
Dublin, GA
|
|
—
|
|
|
1,450
|
|
|
3,991
|
|
|
439
|
|
|
1,450
|
|
|
4,430
|
|
|
5,880
|
|
|
(1,384
|
)
|
|
2004
|
|
Jun-11
|
|
40 years
|
||||||||
Venture Pointe
|
Duluth, GA
|
|
—
|
|
|
2,460
|
|
|
7,933
|
|
|
5,185
|
|
|
2,460
|
|
|
13,118
|
|
|
15,578
|
|
|
(3,521
|
)
|
|
1995
|
|
Jun-11
|
|
40 years
|
||||||||
Banks Station
|
Fayetteville, GA
|
|
(5,780
|
)
|
|
3,490
|
|
|
12,499
|
|
|
1,428
|
|
|
3,490
|
|
|
13,927
|
|
|
17,417
|
|
|
(4,812
|
)
|
|
2006
|
|
Jun-11
|
|
40 years
|
||||||||
Barrett Place
|
Kennesaw, GA
|
|
—
|
|
|
6,990
|
|
|
13,953
|
|
|
1,139
|
|
|
6,990
|
|
|
15,092
|
|
|
22,082
|
|
|
(4,588
|
)
|
|
1992
|
|
Jun-11
|
|
40 years
|
||||||||
Shops of Huntcrest
|
Lawrenceville, GA
|
|
—
|
|
|
2,093
|
|
|
17,784
|
|
|
437
|
|
|
2,093
|
|
|
18,221
|
|
|
20,314
|
|
|
(2,370
|
)
|
|
2003
|
|
Oct-13
|
|
40 years
|
||||||||
Mableton Walk
|
Mableton, GA
|
|
(9,503
|
)
|
|
1,645
|
|
|
9,384
|
|
|
641
|
|
|
1,645
|
|
|
10,025
|
|
|
11,670
|
|
|
(2,382
|
)
|
|
1994
|
|
Jun-11
|
|
40 years
|
||||||||
The Village at Mableton
|
Mableton, GA
|
|
—
|
|
|
2,040
|
|
|
6,455
|
|
|
2,345
|
|
|
2,040
|
|
|
8,800
|
|
|
10,840
|
|
|
(2,715
|
)
|
|
1959
|
|
Jun-11
|
|
40 years
|
||||||||
North Park
|
Macon, GA
|
|
—
|
|
|
3,520
|
|
|
11,162
|
|
|
716
|
|
|
3,520
|
|
|
11,878
|
|
|
15,398
|
|
|
(3,490
|
)
|
|
1988
|
|
Jun-11
|
|
40 years
|
||||||||
Marshalls at Eastlake
|
Marietta, GA
|
|
—
|
|
|
2,650
|
|
|
2,667
|
|
|
825
|
|
|
2,650
|
|
|
3,492
|
|
|
6,142
|
|
|
(905
|
)
|
|
1982
|
|
Jun-11
|
|
40 years
|
||||||||
New Chastain Corners
|
Marietta, GA
|
|
—
|
|
|
3,090
|
|
|
8,071
|
|
|
736
|
|
|
3,090
|
|
|
8,807
|
|
|
11,897
|
|
|
(2,498
|
)
|
|
2004
|
|
Jun-11
|
|
40 years
|
||||||||
Pavilions at Eastlake
|
Marietta, GA
|
|
(17,581
|
)
|
|
4,770
|
|
|
12,267
|
|
|
1,202
|
|
|
4,770
|
|
|
13,469
|
|
|
18,239
|
|
|
(4,635
|
)
|
|
1996
|
|
Jun-11
|
|
40 years
|
||||||||
Perry Marketplace
|
Perry, GA
|
|
—
|
|
|
2,540
|
|
|
7,459
|
|
|
1,169
|
|
|
2,540
|
|
|
8,628
|
|
|
11,168
|
|
|
(2,579
|
)
|
|
2004
|
|
Jun-11
|
|
40 years
|
||||||||
Creekwood Village
|
Rex, GA
|
|
(5,322
|
)
|
|
1,400
|
|
|
4,749
|
|
|
133
|
|
|
1,400
|
|
|
4,882
|
|
|
6,282
|
|
|
(1,663
|
)
|
|
1990
|
|
Jun-11
|
|
40 years
|
||||||||
Shops of Riverdale
|
Riverdale, GA
|
|
—
|
|
|
640
|
|
|
2,123
|
|
|
31
|
|
|
640
|
|
|
2,154
|
|
|
2,794
|
|
|
(476
|
)
|
|
1995
|
|
Jun-11
|
|
40 years
|
||||||||
Holcomb Bridge Crossing
|
Roswell, GA
|
|
—
|
|
|
1,170
|
|
|
5,563
|
|
|
607
|
|
|
1,170
|
|
|
6,170
|
|
|
7,340
|
|
|
(2,444
|
)
|
|
1988
|
|
Jun-11
|
|
40 years
|
||||||||
Victory Square
|
Savannah, GA
|
|
—
|
|
|
6,080
|
|
|
14,881
|
|
|
272
|
|
|
6,080
|
|
|
15,153
|
|
|
21,233
|
|
|
(3,458
|
)
|
|
2007
|
|
Jun-11
|
|
40 years
|
||||||||
Stockbridge Village
|
Stockbridge, GA
|
|
(23,758
|
)
|
|
6,210
|
|
|
16,483
|
|
|
2,752
|
|
|
6,210
|
|
|
19,235
|
|
|
25,445
|
|
|
(5,270
|
)
|
|
2008
|
|
Jun-11
|
|
40 years
|
||||||||
Stone Mountain Festival
|
Stone Mountain, GA
|
|
(10,134
|
)
|
|
5,740
|
|
|
16,732
|
|
|
1,466
|
|
|
5,740
|
|
|
18,198
|
|
|
23,938
|
|
|
(5,848
|
)
|
|
2006
|
|
Jun-11
|
|
40 years
|
||||||||
Wilmington Island
|
Wilmington Island, GA
|
|
—
|
|
|
2,630
|
|
|
7,894
|
|
|
540
|
|
|
2,630
|
|
|
8,434
|
|
|
11,064
|
|
|
(1,683
|
)
|
|
1985
|
|
Oct-13
|
|
40 years
|
||||||||
Kimberly West Shopping Center
|
Davenport, IA
|
|
—
|
|
|
1,710
|
|
|
6,329
|
|
|
560
|
|
|
1,710
|
|
|
6,889
|
|
|
8,599
|
|
|
(2,258
|
)
|
|
1987
|
|
Jun-11
|
|
40 years
|
||||||||
Haymarket Mall
|
Des Moines, IA
|
|
(5,026
|
)
|
|
2,320
|
|
|
9,944
|
|
|
451
|
|
|
2,320
|
|
|
10,395
|
|
|
12,715
|
|
|
(4,020
|
)
|
|
1979
|
|
Jun-11
|
|
40 years
|
||||||||
Haymarket Square
|
Des Moines, IA
|
|
(6,593
|
)
|
|
3,360
|
|
|
9,319
|
|
|
1,995
|
|
|
3,360
|
|
|
11,314
|
|
|
14,674
|
|
|
(3,130
|
)
|
|
1979
|
|
Jun-11
|
|
40 years
|
||||||||
Warren Plaza
|
Dubuque, IA
|
|
—
|
|
|
1,740
|
|
|
6,182
|
|
|
373
|
|
|
1,740
|
|
|
6,555
|
|
|
8,295
|
|
|
(1,108
|
)
|
|
1993
|
|
Jun-11
|
|
40 years
|
||||||||
Annex of Arlington
|
Arlington Heights, IL
|
|
—
|
|
|
3,360
|
|
|
17,615
|
|
|
9,350
|
|
|
3,939
|
|
|
26,386
|
|
|
30,325
|
|
|
(6,270
|
)
|
|
1999
|
|
Jun-11
|
|
40 years
|
||||||||
Ridge Plaza
|
Arlington Heights, IL
|
|
—
|
|
|
3,720
|
|
|
10,168
|
|
|
3,500
|
|
|
3,720
|
|
|
13,668
|
|
|
17,388
|
|
|
(4,689
|
)
|
|
2000
|
|
Jun-11
|
|
40 years
|
||||||||
Bartonville Square
|
Bartonville, IL
|
|
—
|
|
|
480
|
|
|
3,592
|
|
|
142
|
|
|
480
|
|
|
3,734
|
|
|
4,214
|
|
|
(1,358
|
)
|
|
2001
|
|
Jun-11
|
|
40 years
|
||||||||
Festival Center
|
Bradley, IL
|
|
(860
|
)
|
|
390
|
|
|
2,211
|
|
|
31
|
|
|
390
|
|
|
2,242
|
|
|
2,632
|
|
|
(752
|
)
|
|
2006
|
|
Jun-11
|
|
40 years
|
||||||||
Southfield Plaza
|
Bridgeview, IL
|
|
(13,597
|
)
|
|
5,880
|
|
|
18,251
|
|
|
922
|
|
|
5,880
|
|
|
19,173
|
|
|
25,053
|
|
|
(6,098
|
)
|
|
2006
|
|
Jun-11
|
|
40 years
|
||||||||
Commons of Chicago Ridge
|
Chicago Ridge, IL
|
|
—
|
|
|
4,310
|
|
|
39,108
|
|
|
3,046
|
|
|
4,310
|
|
|
42,154
|
|
|
46,464
|
|
|
(10,499
|
)
|
|
1998
|
|
Jun-11
|
|
40 years
|
||||||||
Rivercrest Shopping Center
|
Crestwood, IL
|
|
—
|
|
|
7,010
|
|
|
40,569
|
|
|
15,470
|
|
|
11,009
|
|
|
52,040
|
|
|
63,049
|
|
|
(12,265
|
)
|
|
1992
|
|
Jun-11
|
|
40 years
|
|
|
|
|
|
|
|
|
|
Subsequent to Acquisition
|
|
Gross Amount at Which Carried
|
|
|
|
|
|
|
|
Life on Which Depreciated - Latest Income Statement
|
||||||||||||||||||||
|
|
|
|
|
Initial Cost to Company
|
|
|
at the Close of the Period
|
|
|
|
|
|
|
|
||||||||||||||||||||||||
Description
|
|
Encumbrances
|
|
Land
|
|
Building & Improvements
|
|
|
Land
|
|
Building & Improvements
|
|
Total
|
|
Accumulated Depreciation
|
|
Year Constructed(1)
|
|
Date Acquired
|
|
|||||||||||||||||||
The Commons of Crystal Lake
|
Crystal Lake, IL
|
|
—
|
|
|
3,660
|
|
|
31,897
|
|
|
3,620
|
|
|
3,660
|
|
|
35,517
|
|
|
39,177
|
|
|
(7,464
|
)
|
|
1987
|
|
Jun-11
|
|
40 years
|
||||||||
Elk Grove Town Center
|
Elk Grove Village, IL
|
|
(19,957
|
)
|
|
3,730
|
|
|
19,336
|
|
|
934
|
|
|
3,730
|
|
|
20,270
|
|
|
24,000
|
|
|
(4,982
|
)
|
|
1998
|
|
Jun-11
|
|
40 years
|
||||||||
Crossroads Centre
|
Fairview Heights, IL
|
|
—
|
|
|
3,230
|
|
|
9,103
|
|
|
6,571
|
|
|
3,230
|
|
|
15,674
|
|
|
18,904
|
|
|
(4,254
|
)
|
|
1975
|
|
Jun-11
|
|
40 years
|
||||||||
Frankfort Crossing Shopping Center
|
Frankfort, IL
|
|
—
|
|
|
3,977
|
|
|
16,954
|
|
|
431
|
|
|
3,977
|
|
|
17,385
|
|
|
21,362
|
|
|
(2,509
|
)
|
|
1992
|
|
Oct-13
|
|
40 years
|
||||||||
Freeport Plaza
|
Freeport, IL
|
|
—
|
|
|
660
|
|
|
5,614
|
|
|
76
|
|
|
660
|
|
|
5,690
|
|
|
6,350
|
|
|
(2,297
|
)
|
|
2000
|
|
Jun-11
|
|
40 years
|
||||||||
Westview Center
|
Hanover Park, IL
|
|
—
|
|
|
6,130
|
|
|
27,867
|
|
|
5,390
|
|
|
6,130
|
|
|
33,257
|
|
|
39,387
|
|
|
(6,621
|
)
|
|
1989
|
|
Jun-11
|
|
40 years
|
||||||||
The Quentin Collection
|
Kildeer, IL
|
|
(21,126
|
)
|
|
5,780
|
|
|
27,168
|
|
|
1,193
|
|
|
5,780
|
|
|
28,361
|
|
|
34,141
|
|
|
(7,114
|
)
|
|
2006
|
|
Jun-11
|
|
40 years
|
||||||||
Butterfield Square
|
Libertyville, IL
|
|
—
|
|
|
3,430
|
|
|
13,348
|
|
|
2,504
|
|
|
3,430
|
|
|
15,852
|
|
|
19,282
|
|
|
(3,656
|
)
|
|
1997
|
|
Jun-11
|
|
40 years
|
||||||||
High Point Centre
|
Lombard, IL
|
|
—
|
|
|
7,510
|
|
|
19,853
|
|
|
1,712
|
|
|
7,510
|
|
|
21,565
|
|
|
29,075
|
|
|
(4,742
|
)
|
|
1992
|
|
Jun-11
|
|
40 years
|
||||||||
Long Meadow Commons
|
Mundelein, IL
|
|
—
|
|
|
4,700
|
|
|
11,460
|
|
|
1,047
|
|
|
4,700
|
|
|
12,507
|
|
|
17,207
|
|
|
(4,526
|
)
|
|
1997
|
|
Jun-11
|
|
40 years
|
||||||||
Westridge Court
|
Naperville, IL
|
|
—
|
|
|
10,560
|
|
|
72,245
|
|
|
10,766
|
|
|
10,560
|
|
|
83,011
|
|
|
93,571
|
|
|
(18,099
|
)
|
|
1992
|
|
Jun-11
|
|
40 years
|
||||||||
Sterling Bazaar
|
Peoria, IL
|
|
—
|
|
|
2,050
|
|
|
6,582
|
|
|
404
|
|
|
2,050
|
|
|
6,986
|
|
|
9,036
|
|
|
(2,580
|
)
|
|
1992
|
|
Jun-11
|
|
40 years
|
||||||||
Rollins Crossing
|
Round Lake Beach, IL
|
|
—
|
|
|
3,040
|
|
|
23,180
|
|
|
1,045
|
|
|
3,040
|
|
|
24,225
|
|
|
27,265
|
|
|
(6,236
|
)
|
|
1998
|
|
Jun-11
|
|
40 years
|
||||||||
Twin Oaks Shopping Center
|
Silvis, IL
|
|
—
|
|
|
1,300
|
|
|
6,896
|
|
|
122
|
|
|
1,300
|
|
|
7,018
|
|
|
8,318
|
|
|
(1,812
|
)
|
|
1991
|
|
Jun-11
|
|
40 years
|
||||||||
Parkway Pointe
|
Springfield, IL
|
|
—
|
|
|
650
|
|
|
5,982
|
|
|
383
|
|
|
650
|
|
|
6,365
|
|
|
7,015
|
|
|
(1,278
|
)
|
|
1994
|
|
Jun-11
|
|
40 years
|
||||||||
Sangamon Center North
|
Springfield, IL
|
|
—
|
|
|
2,350
|
|
|
9,420
|
|
|
260
|
|
|
2,350
|
|
|
9,680
|
|
|
12,030
|
|
|
(3,658
|
)
|
|
1996
|
|
Jun-11
|
|
40 years
|
||||||||
Tinley Park Plaza
|
Tinley Park, IL
|
|
(18,199
|
)
|
|
12,250
|
|
|
20,864
|
|
|
4,212
|
|
|
12,250
|
|
|
25,076
|
|
|
37,326
|
|
|
(4,954
|
)
|
|
1973
|
|
Jun-11
|
|
40 years
|
||||||||
Meridian Village
|
Carmel, IN
|
|
—
|
|
|
2,089
|
|
|
7,299
|
|
|
2,061
|
|
|
2,089
|
|
|
9,360
|
|
|
11,449
|
|
|
(2,338
|
)
|
|
1990
|
|
Jun-11
|
|
40 years
|
||||||||
Columbus Center
|
Columbus, IN
|
|
(9,545
|
)
|
|
1,480
|
|
|
14,249
|
|
|
709
|
|
|
1,480
|
|
|
14,958
|
|
|
16,438
|
|
|
(3,817
|
)
|
|
1964
|
|
Jun-11
|
|
40 years
|
||||||||
Elkhart Plaza West
|
Elkhart, IN
|
|
—
|
|
|
770
|
|
|
6,364
|
|
|
229
|
|
|
770
|
|
|
6,593
|
|
|
7,363
|
|
|
(1,789
|
)
|
|
1997
|
|
Jun-11
|
|
40 years
|
||||||||
Apple Glen Crossing
|
Fort Wayne, IN
|
|
—
|
|
|
2,550
|
|
|
19,742
|
|
|
752
|
|
|
2,550
|
|
|
20,494
|
|
|
23,044
|
|
|
(5,004
|
)
|
|
2002
|
|
Jun-11
|
|
40 years
|
||||||||
Market Centre
|
Goshen, IN
|
|
—
|
|
|
2,000
|
|
|
16,743
|
|
|
2,394
|
|
|
2,000
|
|
|
19,137
|
|
|
21,137
|
|
|
(5,561
|
)
|
|
1994
|
|
Jun-11
|
|
40 years
|
||||||||
Marwood Plaza
|
Indianapolis, IN
|
|
—
|
|
|
1,720
|
|
|
5,479
|
|
|
699
|
|
|
1,720
|
|
|
6,178
|
|
|
7,898
|
|
|
(1,476
|
)
|
|
1992
|
|
Jun-11
|
|
40 years
|
||||||||
Westlane Shopping Center
|
Indianapolis, IN
|
|
—
|
|
|
870
|
|
|
2,603
|
|
|
1,039
|
|
|
870
|
|
|
3,642
|
|
|
4,512
|
|
|
(955
|
)
|
|
1968
|
|
Jun-11
|
|
40 years
|
||||||||
Valley View Plaza
|
Marion, IN
|
|
(1,377
|
)
|
|
440
|
|
|
3,039
|
|
|
80
|
|
|
440
|
|
|
3,119
|
|
|
3,559
|
|
|
(786
|
)
|
|
1997
|
|
Jun-11
|
|
40 years
|
||||||||
Bittersweet Plaza
|
Mishawaka, IN
|
|
—
|
|
|
840
|
|
|
6,677
|
|
|
520
|
|
|
840
|
|
|
7,197
|
|
|
8,037
|
|
|
(1,747
|
)
|
|
2000
|
|
Jun-11
|
|
40 years
|
||||||||
Lincoln Plaza
|
New Haven, IN
|
|
—
|
|
|
780
|
|
|
6,277
|
|
|
280
|
|
|
780
|
|
|
6,557
|
|
|
7,337
|
|
|
(1,715
|
)
|
|
1968
|
|
Jun-11
|
|
40 years
|
||||||||
Speedway Super Center
|
Speedway, IN
|
|
—
|
|
|
8,410
|
|
|
49,082
|
|
|
2,691
|
|
|
8,410
|
|
|
51,773
|
|
|
60,183
|
|
|
(11,942
|
)
|
|
1960
|
|
Jun-11
|
|
40 years
|
||||||||
Sagamore Park Centre
|
West Lafayette, IN
|
|
—
|
|
|
2,390
|
|
|
10,918
|
|
|
891
|
|
|
2,390
|
|
|
11,809
|
|
|
14,199
|
|
|
(3,553
|
)
|
|
2017
|
|
Jun-11
|
|
40 years
|
||||||||
Westchester Square
|
Lenexa, KS
|
|
—
|
|
|
3,250
|
|
|
13,982
|
|
|
974
|
|
|
3,250
|
|
|
14,956
|
|
|
18,206
|
|
|
(3,942
|
)
|
|
1987
|
|
Jun-11
|
|
40 years
|
||||||||
West Loop Shopping Center
|
Manhattan, KS
|
|
—
|
|
|
2,800
|
|
|
10,299
|
|
|
6,195
|
|
|
2,800
|
|
|
16,494
|
|
|
19,294
|
|
|
(3,548
|
)
|
|
2013
|
|
Jun-11
|
|
40 years
|
||||||||
Green River Plaza
|
Campbellsville, KY
|
|
—
|
|
|
4,200
|
|
|
10,402
|
|
|
1,435
|
|
|
4,200
|
|
|
11,837
|
|
|
16,037
|
|
|
(3,869
|
)
|
|
1989
|
|
Jun-11
|
|
40 years
|
||||||||
North Dixie Plaza
|
Elizabethtown, KY
|
|
—
|
|
|
2,370
|
|
|
6,095
|
|
|
151
|
|
|
2,370
|
|
|
6,246
|
|
|
8,616
|
|
|
(2,418
|
)
|
|
1992
|
|
Jun-11
|
|
40 years
|
||||||||
Florence Plaza - Florence Square
|
Florence, KY
|
|
—
|
|
|
9,380
|
|
|
47,043
|
|
|
17,514
|
|
|
11,013
|
|
|
62,924
|
|
|
73,937
|
|
|
(13,284
|
)
|
|
2014
|
|
Jun-11
|
|
40 years
|
||||||||
Highland Commons
|
Glasgow, KY
|
|
—
|
|
|
1,940
|
|
|
6,245
|
|
|
61
|
|
|
1,940
|
|
|
6,306
|
|
|
8,246
|
|
|
(2,384
|
)
|
|
1992
|
|
Jun-11
|
|
40 years
|
||||||||
Jeffersontown Commons
|
Jeffersontown, KY
|
|
—
|
|
|
3,920
|
|
|
14,452
|
|
|
947
|
|
|
3,920
|
|
|
15,399
|
|
|
19,319
|
|
|
(4,870
|
)
|
|
1959
|
|
Jun-11
|
|
40 years
|
||||||||
Mist Lake Plaza
|
Lexington, KY
|
|
—
|
|
|
4,200
|
|
|
10,483
|
|
|
933
|
|
|
4,200
|
|
|
11,416
|
|
|
15,616
|
|
|
(3,189
|
)
|
|
1993
|
|
Jun-11
|
|
40 years
|
||||||||
London Marketplace
|
London, KY
|
|
—
|
|
|
1,400
|
|
|
10,293
|
|
|
300
|
|
|
1,400
|
|
|
10,593
|
|
|
11,993
|
|
|
(3,459
|
)
|
|
1994
|
|
Jun-11
|
|
40 years
|
||||||||
Eastgate Shopping Center
|
Louisville, KY
|
|
—
|
|
|
4,300
|
|
|
13,625
|
|
|
2,105
|
|
|
4,300
|
|
|
15,730
|
|
|
20,030
|
|
|
(4,411
|
)
|
|
2002
|
|
Jun-11
|
|
40 years
|
||||||||
Plainview Village
|
Louisville, KY
|
|
—
|
|
|
2,600
|
|
|
10,003
|
|
|
1,229
|
|
|
2,600
|
|
|
11,232
|
|
|
13,832
|
|
|
(2,766
|
)
|
|
1997
|
|
Jun-11
|
|
40 years
|
||||||||
Stony Brook I & II
|
Louisville, KY
|
|
—
|
|
|
3,650
|
|
|
17,635
|
|
|
783
|
|
|
3,650
|
|
|
18,418
|
|
|
22,068
|
|
|
(4,424
|
)
|
|
1988
|
|
Jun-11
|
|
40 years
|
||||||||
Towne Square North
|
Owensboro, KY
|
|
(5,502
|
)
|
|
2,230
|
|
|
9,037
|
|
|
426
|
|
|
2,230
|
|
|
9,463
|
|
|
11,693
|
|
|
(3,450
|
)
|
|
1988
|
|
Jun-11
|
|
40 years
|
||||||||
Lexington Road Plaza
|
Versailles, KY
|
|
—
|
|
|
3,950
|
|
|
11,348
|
|
|
233
|
|
|
3,950
|
|
|
11,581
|
|
|
15,531
|
|
|
(3,914
|
)
|
|
2007
|
|
Jun-11
|
|
40 years
|
||||||||
Karam Shopping Center
|
Lafayette, LA
|
|
(1,978
|
)
|
|
410
|
|
|
2,955
|
|
|
446
|
|
|
410
|
|
|
3,401
|
|
|
3,811
|
|
|
(1,086
|
)
|
|
1970
|
|
Jun-11
|
|
40 years
|
||||||||
Iberia Plaza
|
New Iberia, LA
|
|
—
|
|
|
2,590
|
|
|
5,728
|
|
|
1,267
|
|
|
2,590
|
|
|
6,995
|
|
|
9,585
|
|
|
(2,871
|
)
|
|
1992
|
|
Jun-11
|
|
40 years
|
||||||||
Lagniappe Village
|
New Iberia, LA
|
|
—
|
|
|
3,170
|
|
|
11,131
|
|
|
1,097
|
|
|
3,170
|
|
|
12,228
|
|
|
15,398
|
|
|
(4,821
|
)
|
|
2010
|
|
Jun-11
|
|
40 years
|
||||||||
The Pines Shopping Center
|
Pineville, LA
|
|
(4,494
|
)
|
|
3,080
|
|
|
8,025
|
|
|
131
|
|
|
3,080
|
|
|
8,156
|
|
|
11,236
|
|
|
(2,429
|
)
|
|
1991
|
|
Jun-11
|
|
40 years
|
||||||||
Points West Plaza
|
Brockton, MA
|
|
(7,534
|
)
|
|
2,200
|
|
|
10,572
|
|
|
948
|
|
|
2,200
|
|
|
11,520
|
|
|
13,720
|
|
|
(3,794
|
)
|
|
1960
|
|
Jun-11
|
|
40 years
|
||||||||
Burlington Square I, II & III
|
Burlington, MA
|
|
—
|
|
|
4,690
|
|
|
12,667
|
|
|
1,221
|
|
|
4,690
|
|
|
13,888
|
|
|
18,578
|
|
|
(3,150
|
)
|
|
1992
|
|
Jun-11
|
|
40 years
|
||||||||
Chicopee Marketplace
|
Chicopee, MA
|
|
—
|
|
|
3,470
|
|
|
25,020
|
|
|
1,062
|
|
|
3,470
|
|
|
26,082
|
|
|
29,552
|
|
|
(5,702
|
)
|
|
2005
|
|
Jun-11
|
|
40 years
|
||||||||
Holyoke Shopping Center
|
Holyoke, MA
|
|
—
|
|
|
3,110
|
|
|
11,903
|
|
|
791
|
|
|
3,110
|
|
|
12,694
|
|
|
15,804
|
|
|
(3,577
|
)
|
|
2000
|
|
Jun-11
|
|
40 years
|
||||||||
WaterTower Plaza
|
Leominster, MA
|
|
—
|
|
|
10,400
|
|
|
39,533
|
|
|
2,342
|
|
|
10,400
|
|
|
41,875
|
|
|
52,275
|
|
|
(11,239
|
)
|
|
2000
|
|
Jun-11
|
|
40 years
|
||||||||
Lunenberg Crossing
|
Lunenburg, MA
|
|
(2,077
|
)
|
|
930
|
|
|
1,825
|
|
|
282
|
|
|
930
|
|
|
2,107
|
|
|
3,037
|
|
|
(464
|
)
|
|
1994
|
|
Jun-11
|
|
40 years
|
||||||||
Lynn Marketplace
|
Lynn, MA
|
|
—
|
|
|
3,100
|
|
|
5,678
|
|
|
244
|
|
|
3,100
|
|
|
5,922
|
|
|
9,022
|
|
|
(1,851
|
)
|
|
1968
|
|
Jun-11
|
|
40 years
|
|
|
|
|
|
|
|
|
|
Subsequent to Acquisition
|
|
Gross Amount at Which Carried
|
|
|
|
|
|
|
|
Life on Which Depreciated - Latest Income Statement
|
||||||||||||||||||||
|
|
|
|
|
Initial Cost to Company
|
|
|
at the Close of the Period
|
|
|
|
|
|
|
|
||||||||||||||||||||||||
Description
|
|
Encumbrances
|
|
Land
|
|
Building & Improvements
|
|
|
Land
|
|
Building & Improvements
|
|
Total
|
|
Accumulated Depreciation
|
|
Year Constructed(1)
|
|
Date Acquired
|
|
|||||||||||||||||||
Webster Square Shopping Center
|
Marshfield, MA
|
|
—
|
|
|
5,532
|
|
|
27,255
|
|
|
81
|
|
|
5,532
|
|
|
27,336
|
|
|
32,868
|
|
|
(2,066
|
)
|
|
2005
|
|
Jun-15
|
|
40 years
|
||||||||
Berkshire Crossing
|
Pittsfield, MA
|
|
—
|
|
|
5,210
|
|
|
38,966
|
|
|
2,457
|
|
|
5,210
|
|
|
41,423
|
|
|
46,633
|
|
|
(10,401
|
)
|
|
1994
|
|
Jun-11
|
|
40 years
|
||||||||
Westgate Plaza
|
Westfield, MA
|
|
—
|
|
|
2,250
|
|
|
9,784
|
|
|
529
|
|
|
2,250
|
|
|
10,313
|
|
|
12,563
|
|
|
(3,381
|
)
|
|
1996
|
|
Jun-11
|
|
40 years
|
||||||||
Perkins Farm Marketplace
|
Worcester, MA
|
|
—
|
|
|
2,150
|
|
|
16,827
|
|
|
1,778
|
|
|
2,150
|
|
|
18,605
|
|
|
20,755
|
|
|
(5,296
|
)
|
|
1967
|
|
Jun-11
|
|
40 years
|
||||||||
South Plaza Shopping Center
|
California, MD
|
|
—
|
|
|
2,174
|
|
|
23,209
|
|
|
—
|
|
|
2,174
|
|
|
23,209
|
|
|
25,383
|
|
|
(3,375
|
)
|
|
2005
|
|
Oct-13
|
|
40 years
|
||||||||
Campus Village Shoppes
|
College Park, MD
|
|
—
|
|
|
1,660
|
|
|
4,980
|
|
|
479
|
|
|
1,660
|
|
|
5,459
|
|
|
7,119
|
|
|
(1,035
|
)
|
|
1986
|
|
Jun-11
|
|
40 years
|
||||||||
Fox Run
|
Prince Frederick, MD
|
|
—
|
|
|
3,560
|
|
|
31,126
|
|
|
2,283
|
|
|
3,560
|
|
|
33,409
|
|
|
36,969
|
|
|
(8,706
|
)
|
|
1997
|
|
Jun-11
|
|
40 years
|
||||||||
Liberty Plaza
|
Randallstown, MD
|
|
—
|
|
|
2,820
|
|
|
6,172
|
|
|
18,197
|
|
|
2,820
|
|
|
24,369
|
|
|
27,189
|
|
|
(3,134
|
)
|
|
1962
|
|
Jun-11
|
|
40 years
|
||||||||
Rising Sun Towne Centre
|
Rising Sun, MD
|
|
—
|
|
|
1,970
|
|
|
17,002
|
|
|
1,417
|
|
|
1,970
|
|
|
18,419
|
|
|
20,389
|
|
|
(3,876
|
)
|
|
1998
|
|
Jun-11
|
|
40 years
|
||||||||
Pine Tree Shopping Center
|
Portland, ME
|
|
—
|
|
|
2,860
|
|
|
19,006
|
|
|
1,510
|
|
|
2,860
|
|
|
20,516
|
|
|
23,376
|
|
|
(6,563
|
)
|
|
1958
|
|
Jun-11
|
|
40 years
|
||||||||
Maple Village
|
Ann Arbor, MI
|
|
(18,056
|
)
|
|
3,200
|
|
|
16,055
|
|
|
13,562
|
|
|
3,200
|
|
|
29,617
|
|
|
32,817
|
|
|
(3,835
|
)
|
|
2017
|
|
Jun-11
|
|
40 years
|
||||||||
Grand Crossing
|
Brighton, MI
|
|
(3,518
|
)
|
|
1,780
|
|
|
7,487
|
|
|
901
|
|
|
1,780
|
|
|
8,388
|
|
|
10,168
|
|
|
(2,665
|
)
|
|
2005
|
|
Jun-11
|
|
40 years
|
||||||||
Farmington Crossroads
|
Farmington, MI
|
|
—
|
|
|
1,620
|
|
|
4,374
|
|
|
1,599
|
|
|
1,620
|
|
|
5,973
|
|
|
7,593
|
|
|
(1,566
|
)
|
|
1986
|
|
Jun-11
|
|
40 years
|
||||||||
Silver Pointe Shopping Center
|
Fenton, MI
|
|
(3,385
|
)
|
|
3,840
|
|
|
12,258
|
|
|
1,262
|
|
|
3,840
|
|
|
13,520
|
|
|
17,360
|
|
|
(4,440
|
)
|
|
1996
|
|
Jun-11
|
|
40 years
|
||||||||
Cascade East
|
Grand Rapids, MI
|
|
(7,412
|
)
|
|
1,280
|
|
|
4,816
|
|
|
1,086
|
|
|
1,280
|
|
|
5,902
|
|
|
7,182
|
|
|
(2,105
|
)
|
|
1983
|
|
Jun-11
|
|
40 years
|
||||||||
Delta Center
|
Lansing, MI
|
|
(5,274
|
)
|
|
1,580
|
|
|
9,394
|
|
|
1,741
|
|
|
1,580
|
|
|
11,135
|
|
|
12,715
|
|
|
(3,778
|
)
|
|
1985
|
|
Jun-11
|
|
40 years
|
||||||||
Lakes Crossing
|
Muskegon, MI
|
|
—
|
|
|
1,440
|
|
|
13,457
|
|
|
2,103
|
|
|
1,440
|
|
|
15,560
|
|
|
17,000
|
|
|
(3,947
|
)
|
|
2008
|
|
Jun-11
|
|
40 years
|
||||||||
Redford Plaza
|
Redford, MI
|
|
—
|
|
|
7,510
|
|
|
18,556
|
|
|
1,491
|
|
|
7,510
|
|
|
20,047
|
|
|
27,557
|
|
|
(6,966
|
)
|
|
1992
|
|
Jun-11
|
|
40 years
|
||||||||
Hampton Village Centre
|
Rochester Hills, MI
|
|
—
|
|
|
5,370
|
|
|
47,747
|
|
|
6,840
|
|
|
5,370
|
|
|
54,587
|
|
|
59,957
|
|
|
(14,443
|
)
|
|
2004
|
|
Jun-11
|
|
40 years
|
||||||||
Fashion Corners
|
Saginaw, MI
|
|
—
|
|
|
1,940
|
|
|
17,712
|
|
|
479
|
|
|
1,940
|
|
|
18,191
|
|
|
20,131
|
|
|
(5,225
|
)
|
|
2004
|
|
Jun-11
|
|
40 years
|
||||||||
Green Acres
|
Saginaw, MI
|
|
—
|
|
|
2,170
|
|
|
8,225
|
|
|
2,909
|
|
|
2,170
|
|
|
11,134
|
|
|
13,304
|
|
|
(3,507
|
)
|
|
2017
|
|
Jun-11
|
|
40 years
|
||||||||
Hall Road Crossing
|
Shelby Township, MI
|
|
—
|
|
|
5,800
|
|
|
15,286
|
|
|
3,379
|
|
|
5,800
|
|
|
18,665
|
|
|
24,465
|
|
|
(5,727
|
)
|
|
1999
|
|
Jun-11
|
|
40 years
|
||||||||
Southfield Plaza
|
Southfield, MI
|
|
—
|
|
|
1,320
|
|
|
3,649
|
|
|
1,931
|
|
|
1,320
|
|
|
5,580
|
|
|
6,900
|
|
|
(1,547
|
)
|
|
1970
|
|
Jun-11
|
|
40 years
|
||||||||
18 Ryan
|
Sterling Heights, MI
|
|
(5,604
|
)
|
|
3,160
|
|
|
11,280
|
|
|
271
|
|
|
3,160
|
|
|
11,551
|
|
|
14,711
|
|
|
(4,145
|
)
|
|
1997
|
|
Jun-11
|
|
40 years
|
||||||||
Delco Plaza
|
Sterling Heights, MI
|
|
(3,691
|
)
|
|
2,860
|
|
|
6,682
|
|
|
858
|
|
|
2,860
|
|
|
7,540
|
|
|
10,400
|
|
|
(3,353
|
)
|
|
1996
|
|
Jun-11
|
|
40 years
|
||||||||
Grand Traverse Crossing
|
Traverse City, MI
|
|
—
|
|
|
3,100
|
|
|
31,125
|
|
|
1,468
|
|
|
3,100
|
|
|
32,593
|
|
|
35,693
|
|
|
(7,370
|
)
|
|
1996
|
|
Jun-11
|
|
40 years
|
||||||||
West Ridge
|
Westland, MI
|
|
—
|
|
|
1,800
|
|
|
5,549
|
|
|
3,878
|
|
|
1,800
|
|
|
9,427
|
|
|
11,227
|
|
|
(1,526
|
)
|
|
1989
|
|
Jun-11
|
|
40 years
|
||||||||
Roundtree Place
|
Ypsilanti, MI
|
|
—
|
|
|
3,520
|
|
|
8,241
|
|
|
6,549
|
|
|
3,520
|
|
|
14,790
|
|
|
18,310
|
|
|
(2,497
|
)
|
|
1992
|
|
Jun-11
|
|
40 years
|
||||||||
Washtenaw Fountain Plaza
|
Ypsilanti, MI
|
|
—
|
|
|
2,030
|
|
|
6,890
|
|
|
605
|
|
|
2,030
|
|
|
7,495
|
|
|
9,525
|
|
|
(2,724
|
)
|
|
2005
|
|
Jun-11
|
|
40 years
|
||||||||
Southport Centre I - VI
|
Apple Valley, MN
|
|
—
|
|
|
4,602
|
|
|
18,385
|
|
|
486
|
|
|
4,602
|
|
|
18,871
|
|
|
23,473
|
|
|
(3,860
|
)
|
|
1985
|
|
Jun-11
|
|
40 years
|
||||||||
Austin Town Center
|
Austin, MN
|
|
—
|
|
|
1,280
|
|
|
4,072
|
|
|
99
|
|
|
1,280
|
|
|
4,171
|
|
|
5,451
|
|
|
(1,181
|
)
|
|
1999
|
|
Jun-11
|
|
40 years
|
||||||||
Burning Tree Plaza
|
Duluth, MN
|
|
—
|
|
|
4,790
|
|
|
15,898
|
|
|
155
|
|
|
4,790
|
|
|
16,053
|
|
|
20,843
|
|
|
(4,402
|
)
|
|
1987
|
|
Jun-11
|
|
40 years
|
||||||||
Elk Park Center
|
Elk River, MN
|
|
—
|
|
|
3,770
|
|
|
18,564
|
|
|
857
|
|
|
3,770
|
|
|
19,421
|
|
|
23,191
|
|
|
(5,887
|
)
|
|
1999
|
|
Jun-11
|
|
40 years
|
||||||||
Westwind Plaza
|
Minnetonka, MN
|
|
—
|
|
|
2,630
|
|
|
11,510
|
|
|
845
|
|
|
2,630
|
|
|
12,355
|
|
|
14,985
|
|
|
(2,662
|
)
|
|
2007
|
|
Jun-11
|
|
40 years
|
||||||||
Richfield Hub
|
Richfield, MN
|
|
—
|
|
|
7,748
|
|
|
19,502
|
|
|
1,338
|
|
|
7,748
|
|
|
20,840
|
|
|
28,588
|
|
|
(4,160
|
)
|
|
1952
|
|
Jun-11
|
|
40 years
|
||||||||
Roseville Center
|
Roseville , MN
|
|
—
|
|
|
1,620
|
|
|
8,364
|
|
|
139
|
|
|
1,620
|
|
|
8,503
|
|
|
10,123
|
|
|
(1,923
|
)
|
|
2000
|
|
Jun-11
|
|
40 years
|
||||||||
Marketplace @ 42
|
Savage, MN
|
|
—
|
|
|
5,150
|
|
|
11,533
|
|
|
3,848
|
|
|
5,150
|
|
|
15,381
|
|
|
20,531
|
|
|
(2,119
|
)
|
|
1999
|
|
Jun-11
|
|
40 years
|
||||||||
Sun Ray Shopping Center
|
St. Paul, MN
|
|
—
|
|
|
5,250
|
|
|
20,669
|
|
|
2,112
|
|
|
5,250
|
|
|
22,781
|
|
|
28,031
|
|
|
(6,108
|
)
|
|
1958
|
|
Jun-11
|
|
40 years
|
||||||||
White Bear Hills Shopping Center
|
White Bear Lake, MN
|
|
—
|
|
|
1,790
|
|
|
6,157
|
|
|
242
|
|
|
1,790
|
|
|
6,399
|
|
|
8,189
|
|
|
(2,450
|
)
|
|
1996
|
|
Jun-11
|
|
40 years
|
||||||||
Ellisville Square
|
Ellisville, MO
|
|
—
|
|
|
2,130
|
|
|
2,907
|
|
|
6,756
|
|
|
2,130
|
|
|
9,663
|
|
|
11,793
|
|
|
(1,406
|
)
|
|
1989
|
|
Jun-11
|
|
40 years
|
||||||||
Clocktower Place
|
Florissant, MO
|
|
—
|
|
|
3,590
|
|
|
8,463
|
|
|
2,512
|
|
|
3,590
|
|
|
10,975
|
|
|
14,565
|
|
|
(2,876
|
)
|
|
1987
|
|
Jun-11
|
|
40 years
|
||||||||
Hub Shopping Center
|
Independence, MO
|
|
—
|
|
|
850
|
|
|
7,666
|
|
|
342
|
|
|
850
|
|
|
8,008
|
|
|
8,858
|
|
|
(3,213
|
)
|
|
1995
|
|
Jun-11
|
|
40 years
|
||||||||
Watts Mill Plaza
|
Kansas City, MO
|
|
—
|
|
|
2,610
|
|
|
13,406
|
|
|
1,030
|
|
|
2,610
|
|
|
14,436
|
|
|
17,046
|
|
|
(3,394
|
)
|
|
1997
|
|
Jun-11
|
|
40 years
|
||||||||
Liberty Corners
|
Liberty, MO
|
|
—
|
|
|
2,530
|
|
|
8,664
|
|
|
1,237
|
|
|
2,530
|
|
|
9,901
|
|
|
12,431
|
|
|
(3,312
|
)
|
|
1987
|
|
Jun-11
|
|
40 years
|
||||||||
Maplewood Square
|
Maplewood, MO
|
|
—
|
|
|
1,450
|
|
|
4,494
|
|
|
173
|
|
|
1,450
|
|
|
4,667
|
|
|
6,117
|
|
|
(1,530
|
)
|
|
1998
|
|
Jun-11
|
|
40 years
|
||||||||
Clinton Crossing
|
Clinton, MS
|
|
(5,290
|
)
|
|
2,760
|
|
|
9,218
|
|
|
482
|
|
|
2,760
|
|
|
9,700
|
|
|
12,460
|
|
|
(2,391
|
)
|
|
1990
|
|
Jun-11
|
|
40 years
|
||||||||
County Line Plaza
|
Jackson, MS
|
|
—
|
|
|
2,820
|
|
|
23,430
|
|
|
6,545
|
|
|
2,820
|
|
|
29,975
|
|
|
32,795
|
|
|
(5,210
|
)
|
|
1997
|
|
Jun-11
|
|
40 years
|
||||||||
Devonshire Place
|
Cary, NC
|
|
(4,752
|
)
|
|
940
|
|
|
3,674
|
|
|
2,341
|
|
|
940
|
|
|
6,015
|
|
|
6,955
|
|
|
(1,769
|
)
|
|
1996
|
|
Jun-11
|
|
40 years
|
||||||||
McMullen Creek Market
|
Charlotte, NC
|
|
—
|
|
|
10,590
|
|
|
22,993
|
|
|
3,983
|
|
|
10,590
|
|
|
26,976
|
|
|
37,566
|
|
|
(5,675
|
)
|
|
1988
|
|
Jun-11
|
|
40 years
|
||||||||
The Commons at Chancellor Park
|
Charlotte, NC
|
|
—
|
|
|
5,240
|
|
|
19,587
|
|
|
2,002
|
|
|
5,240
|
|
|
21,589
|
|
|
26,829
|
|
|
(5,346
|
)
|
|
1994
|
|
Jun-11
|
|
40 years
|
||||||||
Macon Plaza
|
Franklin, NC
|
|
—
|
|
|
770
|
|
|
3,783
|
|
|
132
|
|
|
770
|
|
|
3,915
|
|
|
4,685
|
|
|
(1,442
|
)
|
|
2001
|
|
Jun-11
|
|
40 years
|
||||||||
Garner Towne Square
|
Garner, NC
|
|
—
|
|
|
6,233
|
|
|
23,087
|
|
|
787
|
|
|
6,233
|
|
|
23,874
|
|
|
30,107
|
|
|
(4,020
|
)
|
|
1997
|
|
Oct-13
|
|
40 years
|
||||||||
Franklin Square
|
Gastonia, NC
|
|
—
|
|
|
7,060
|
|
|
28,233
|
|
|
2,466
|
|
|
7,060
|
|
|
30,699
|
|
|
37,759
|
|
|
(7,093
|
)
|
|
1989
|
|
Jun-11
|
|
40 years
|
||||||||
Wendover Place
|
Greensboro, NC
|
|
—
|
|
|
15,990
|
|
|
39,048
|
|
|
1,856
|
|
|
15,990
|
|
|
40,904
|
|
|
56,894
|
|
|
(12,378
|
)
|
|
2000
|
|
Jun-11
|
|
40 years
|
||||||||
University Commons
|
Greenville, NC
|
|
—
|
|
|
5,350
|
|
|
26,023
|
|
|
3,869
|
|
|
5,350
|
|
|
29,892
|
|
|
35,242
|
|
|
(7,122
|
)
|
|
1996
|
|
Jun-11
|
|
40 years
|
|
|
|
|
|
|
|
|
|
Subsequent to Acquisition
|
|
Gross Amount at Which Carried
|
|
|
|
|
|
|
|
Life on Which Depreciated - Latest Income Statement
|
||||||||||||||||||||
|
|
|
|
|
Initial Cost to Company
|
|
|
at the Close of the Period
|
|
|
|
|
|
|
|
||||||||||||||||||||||||
Description
|
|
Encumbrances
|
|
Land
|
|
Building & Improvements
|
|
|
Land
|
|
Building & Improvements
|
|
Total
|
|
Accumulated Depreciation
|
|
Year Constructed(1)
|
|
Date Acquired
|
|
|||||||||||||||||||
Valley Crossing
|
Hickory, NC
|
|
—
|
|
|
2,130
|
|
|
5,893
|
|
|
8,786
|
|
|
2,130
|
|
|
14,679
|
|
|
16,809
|
|
|
(3,375
|
)
|
|
2014
|
|
Jun-11
|
|
40 years
|
||||||||
Kinston Pointe
|
Kinston, NC
|
|
—
|
|
|
2,180
|
|
|
8,507
|
|
|
267
|
|
|
2,180
|
|
|
8,774
|
|
|
10,954
|
|
|
(3,739
|
)
|
|
2001
|
|
Jun-11
|
|
40 years
|
||||||||
Magnolia Plaza
|
Morganton, NC
|
|
—
|
|
|
730
|
|
|
3,350
|
|
|
177
|
|
|
730
|
|
|
3,527
|
|
|
4,257
|
|
|
(795
|
)
|
|
1990
|
|
Jun-11
|
|
40 years
|
||||||||
Roxboro Square
|
Roxboro, NC
|
|
—
|
|
|
1,550
|
|
|
8,935
|
|
|
218
|
|
|
1,550
|
|
|
9,153
|
|
|
10,703
|
|
|
(2,765
|
)
|
|
2005
|
|
Jun-11
|
|
40 years
|
||||||||
Innes Street Market
|
Salisbury, NC
|
|
—
|
|
|
12,180
|
|
|
27,283
|
|
|
743
|
|
|
12,180
|
|
|
28,026
|
|
|
40,206
|
|
|
(9,752
|
)
|
|
2002
|
|
Jun-11
|
|
40 years
|
||||||||
Salisbury Marketplace
|
Salisbury, NC
|
|
—
|
|
|
1,997
|
|
|
7,826
|
|
|
93
|
|
|
1,997
|
|
|
7,919
|
|
|
9,916
|
|
|
(1,124
|
)
|
|
1987
|
|
Oct-13
|
|
40 years
|
||||||||
Crossroads
|
Statesville, NC
|
|
(20,907
|
)
|
|
6,220
|
|
|
15,146
|
|
|
1,229
|
|
|
6,220
|
|
|
16,375
|
|
|
22,595
|
|
|
(4,065
|
)
|
|
1997
|
|
Jun-11
|
|
40 years
|
||||||||
Anson Station
|
Wadesboro, NC
|
|
(1,606
|
)
|
|
910
|
|
|
3,900
|
|
|
208
|
|
|
910
|
|
|
4,108
|
|
|
5,018
|
|
|
(1,695
|
)
|
|
1988
|
|
Jun-11
|
|
40 years
|
||||||||
New Centre Market
|
Wilmington, NC
|
|
—
|
|
|
5,730
|
|
|
14,900
|
|
|
971
|
|
|
5,730
|
|
|
15,871
|
|
|
21,601
|
|
|
(3,113
|
)
|
|
1998
|
|
Jun-11
|
|
40 years
|
||||||||
University Commons
|
Wilmington, NC
|
|
—
|
|
|
6,910
|
|
|
26,425
|
|
|
1,791
|
|
|
6,910
|
|
|
28,216
|
|
|
35,126
|
|
|
(7,040
|
)
|
|
2007
|
|
Jun-11
|
|
40 years
|
||||||||
Whitaker Square
|
Winston Salem, NC
|
|
(8,865
|
)
|
|
2,923
|
|
|
11,824
|
|
|
801
|
|
|
2,923
|
|
|
12,625
|
|
|
15,548
|
|
|
(2,062
|
)
|
|
1996
|
|
Oct-13
|
|
40 years
|
||||||||
Parkway Plaza
|
Winston-Salem, NC
|
|
—
|
|
|
6,910
|
|
|
17,153
|
|
|
1,341
|
|
|
6,910
|
|
|
18,494
|
|
|
25,404
|
|
|
(5,584
|
)
|
|
2005
|
|
Jun-11
|
|
40 years
|
||||||||
Stratford Commons
|
Winston-Salem, NC
|
|
—
|
|
|
2,770
|
|
|
9,402
|
|
|
268
|
|
|
2,770
|
|
|
9,670
|
|
|
12,440
|
|
|
(2,635
|
)
|
|
1995
|
|
Jun-11
|
|
40 years
|
||||||||
Bedford Grove
|
Bedford, NH
|
|
—
|
|
|
3,400
|
|
|
17,678
|
|
|
233
|
|
|
3,400
|
|
|
17,911
|
|
|
21,311
|
|
|
(5,255
|
)
|
|
1989
|
|
Jun-11
|
|
40 years
|
||||||||
Capitol Shopping Center
|
Concord, NH
|
|
—
|
|
|
2,160
|
|
|
11,361
|
|
|
1,222
|
|
|
2,160
|
|
|
12,583
|
|
|
14,743
|
|
|
(4,296
|
)
|
|
2001
|
|
Jun-11
|
|
40 years
|
||||||||
Willow Springs Plaza
|
Nashua , NH
|
|
(13,977
|
)
|
|
3,490
|
|
|
19,290
|
|
|
823
|
|
|
3,490
|
|
|
20,113
|
|
|
23,603
|
|
|
(4,827
|
)
|
|
1990
|
|
Jun-11
|
|
40 years
|
||||||||
Seacoast Shopping Center
|
Seabrook , NH
|
|
(4,714
|
)
|
|
2,230
|
|
|
8,024
|
|
|
90
|
|
|
2,230
|
|
|
8,114
|
|
|
10,344
|
|
|
(1,310
|
)
|
|
1991
|
|
Jun-11
|
|
40 years
|
||||||||
Tri-City Plaza
|
Somersworth, NH
|
|
—
|
|
|
1,900
|
|
|
9,785
|
|
|
3,873
|
|
|
1,900
|
|
|
13,658
|
|
|
15,558
|
|
|
(3,435
|
)
|
|
1990
|
|
Jun-11
|
|
40 years
|
||||||||
Laurel Square
|
Brick, NJ
|
|
(11,855
|
)
|
|
5,400
|
|
|
19,358
|
|
|
1,333
|
|
|
5,400
|
|
|
20,691
|
|
|
26,091
|
|
|
(4,637
|
)
|
|
2003
|
|
Jun-11
|
|
40 years
|
||||||||
the Shoppes at Cinnaminson
|
Cinnaminson, NJ
|
|
—
|
|
|
6,030
|
|
|
45,152
|
|
|
2,251
|
|
|
6,030
|
|
|
47,403
|
|
|
53,433
|
|
|
(9,878
|
)
|
|
2010
|
|
Jun-11
|
|
40 years
|
||||||||
Acme Clark
|
Clark, NJ
|
|
(5,431
|
)
|
|
2,630
|
|
|
8,351
|
|
|
28
|
|
|
2,630
|
|
|
8,379
|
|
|
11,009
|
|
|
(1,761
|
)
|
|
2007
|
|
Jun-11
|
|
40 years
|
||||||||
Collegetown Shopping Center
|
Glassboro, NJ
|
|
—
|
|
|
1,560
|
|
|
15,547
|
|
|
7,622
|
|
|
1,560
|
|
|
23,169
|
|
|
24,729
|
|
|
(6,441
|
)
|
|
1966
|
|
Jun-11
|
|
40 years
|
||||||||
Hamilton Plaza
|
Hamilton, NJ
|
|
(3,340
|
)
|
|
1,580
|
|
|
8,573
|
|
|
3,100
|
|
|
1,580
|
|
|
11,673
|
|
|
13,253
|
|
|
(2,289
|
)
|
|
1972
|
|
Jun-11
|
|
40 years
|
||||||||
Bennetts Mills Plaza
|
Jackson, NJ
|
|
(12,368
|
)
|
|
3,130
|
|
|
16,938
|
|
|
183
|
|
|
3,130
|
|
|
17,121
|
|
|
20,251
|
|
|
(3,627
|
)
|
|
2002
|
|
Jun-11
|
|
40 years
|
||||||||
Lakewood Plaza
|
Lakewood, NJ
|
|
—
|
|
|
5,090
|
|
|
25,850
|
|
|
749
|
|
|
5,090
|
|
|
26,599
|
|
|
31,689
|
|
|
(7,031
|
)
|
|
1966
|
|
Jun-11
|
|
40 years
|
||||||||
Marlton Crossing
|
Marlton, NJ
|
|
—
|
|
|
5,950
|
|
|
45,298
|
|
|
7,617
|
|
|
5,950
|
|
|
52,915
|
|
|
58,865
|
|
|
(13,654
|
)
|
|
1986
|
|
Jun-11
|
|
40 years
|
||||||||
Middletown Plaza
|
Middletown, NJ
|
|
(21,607
|
)
|
|
5,060
|
|
|
40,890
|
|
|
1,273
|
|
|
5,060
|
|
|
42,163
|
|
|
47,223
|
|
|
(8,396
|
)
|
|
2001
|
|
Jun-11
|
|
40 years
|
||||||||
Larchmont Centre
|
Mount Laurel, NJ
|
|
(7,000
|
)
|
|
4,421
|
|
|
14,915
|
|
|
98
|
|
|
4,421
|
|
|
15,013
|
|
|
19,434
|
|
|
(1,320
|
)
|
|
1985
|
|
Jun-15
|
|
40 years
|
||||||||
Old Bridge Gateway
|
Old Bridge, NJ
|
|
—
|
|
|
7,200
|
|
|
36,889
|
|
|
3,164
|
|
|
7,200
|
|
|
40,053
|
|
|
47,253
|
|
|
(8,816
|
)
|
|
1995
|
|
Jun-11
|
|
40 years
|
||||||||
Morris Hills Shopping Center
|
Parsippany, NJ
|
|
—
|
|
|
3,970
|
|
|
28,937
|
|
|
4,955
|
|
|
3,970
|
|
|
33,892
|
|
|
37,862
|
|
|
(6,309
|
)
|
|
1994
|
|
Jun-11
|
|
40 years
|
||||||||
Rio Grande Plaza
|
Rio Grande, NJ
|
|
—
|
|
|
1,660
|
|
|
12,166
|
|
|
1,034
|
|
|
1,660
|
|
|
13,200
|
|
|
14,860
|
|
|
(3,278
|
)
|
|
1997
|
|
Jun-11
|
|
40 years
|
||||||||
Ocean Heights Plaza
|
Somers Point, NJ
|
|
—
|
|
|
6,110
|
|
|
34,490
|
|
|
1,698
|
|
|
6,110
|
|
|
36,188
|
|
|
42,298
|
|
|
(6,384
|
)
|
|
2006
|
|
Jun-11
|
|
40 years
|
||||||||
Springfield Place
|
Springfield, NJ
|
|
—
|
|
|
1,150
|
|
|
4,310
|
|
|
1,029
|
|
|
1,773
|
|
|
4,716
|
|
|
6,489
|
|
|
(1,060
|
)
|
|
1965
|
|
Jun-11
|
|
40 years
|
||||||||
Tinton Falls Plaza
|
Tinton Falls, NJ
|
|
—
|
|
|
3,080
|
|
|
11,550
|
|
|
553
|
|
|
3,080
|
|
|
12,103
|
|
|
15,183
|
|
|
(2,851
|
)
|
|
2006
|
|
Jun-11
|
|
40 years
|
||||||||
Cross Keys Commons
|
Turnersville, NJ
|
|
—
|
|
|
5,840
|
|
|
32,699
|
|
|
2,489
|
|
|
5,840
|
|
|
35,188
|
|
|
41,028
|
|
|
(7,990
|
)
|
|
1989
|
|
Jun-11
|
|
40 years
|
||||||||
Dover Park Plaza
|
Yardville, NJ
|
|
—
|
|
|
1,030
|
|
|
7,345
|
|
|
539
|
|
|
1,030
|
|
|
7,884
|
|
|
8,914
|
|
|
(1,588
|
)
|
|
2005
|
|
Jun-11
|
|
40 years
|
||||||||
St Francis Plaza
|
Santa Fe, NM
|
|
—
|
|
|
1,110
|
|
|
4,843
|
|
|
—
|
|
|
1,110
|
|
|
4,843
|
|
|
5,953
|
|
|
(1,058
|
)
|
|
1993
|
|
Jun-11
|
|
40 years
|
||||||||
Smith's
|
Socorro, NM
|
|
(1,740
|
)
|
|
600
|
|
|
5,312
|
|
|
138
|
|
|
600
|
|
|
5,450
|
|
|
6,050
|
|
|
(1,795
|
)
|
|
1976
|
|
Jun-11
|
|
40 years
|
||||||||
Galleria Commons
|
Henderson, NV
|
|
—
|
|
|
3,220
|
|
|
28,080
|
|
|
2,471
|
|
|
3,220
|
|
|
30,551
|
|
|
33,771
|
|
|
(6,543
|
)
|
|
1998
|
|
Jun-11
|
|
40 years
|
||||||||
Renaissance Center East
|
Las Vegas, NV
|
|
(16,155
|
)
|
|
4,490
|
|
|
10,193
|
|
|
1,593
|
|
|
4,490
|
|
|
11,786
|
|
|
16,276
|
|
|
(2,725
|
)
|
|
1981
|
|
Jun-11
|
|
40 years
|
||||||||
Parkway Plaza
|
Carle Place, NY
|
|
—
|
|
|
5,790
|
|
|
19,389
|
|
|
2,169
|
|
|
5,790
|
|
|
21,558
|
|
|
27,348
|
|
|
(4,024
|
)
|
|
1993
|
|
Jun-11
|
|
40 years
|
||||||||
Erie Canal Centre
|
Dewitt, NY
|
|
(2,983
|
)
|
|
1,080
|
|
|
3,957
|
|
|
7,681
|
|
|
1,080
|
|
|
11,638
|
|
|
12,718
|
|
|
(1,003
|
)
|
|
2017
|
|
Jun-11
|
|
40 years
|
||||||||
Unity Plaza
|
East Fishkill, NY
|
|
(7,075
|
)
|
|
2,100
|
|
|
13,935
|
|
|
14
|
|
|
2,100
|
|
|
13,949
|
|
|
16,049
|
|
|
(2,582
|
)
|
|
2005
|
|
Jun-11
|
|
40 years
|
||||||||
Suffolk Plaza
|
East Setauket, NY
|
|
—
|
|
|
2,780
|
|
|
9,937
|
|
|
714
|
|
|
2,780
|
|
|
10,651
|
|
|
13,431
|
|
|
(1,740
|
)
|
|
1998
|
|
Jun-11
|
|
40 years
|
||||||||
Three Village Shopping Center
|
East Setauket, NY
|
|
—
|
|
|
5,310
|
|
|
15,705
|
|
|
312
|
|
|
5,310
|
|
|
16,017
|
|
|
21,327
|
|
|
(3,271
|
)
|
|
1991
|
|
Jun-11
|
|
40 years
|
||||||||
Stewart Plaza
|
Garden City, NY
|
|
—
|
|
|
6,040
|
|
|
21,213
|
|
|
1,324
|
|
|
6,040
|
|
|
22,537
|
|
|
28,577
|
|
|
(6,020
|
)
|
|
1990
|
|
Jun-11
|
|
40 years
|
||||||||
Genesee Valley Shopping Center
|
Geneseo, NY
|
|
—
|
|
|
2,090
|
|
|
14,851
|
|
|
1,202
|
|
|
2,090
|
|
|
16,053
|
|
|
18,143
|
|
|
(5,403
|
)
|
|
2007
|
|
Jun-11
|
|
40 years
|
||||||||
McKinley Plaza
|
Hamburg, NY
|
|
—
|
|
|
1,300
|
|
|
12,504
|
|
|
2,069
|
|
|
1,300
|
|
|
14,573
|
|
|
15,873
|
|
|
(2,868
|
)
|
|
1991
|
|
Jun-11
|
|
40 years
|
||||||||
Dalewood I, II & III Shopping Center
|
Hartsdale, NY
|
|
—
|
|
|
6,900
|
|
|
56,902
|
|
|
2,382
|
|
|
6,900
|
|
|
59,284
|
|
|
66,184
|
|
|
(9,796
|
)
|
|
1972
|
|
Jun-11
|
|
40 years
|
||||||||
Hornell Plaza
|
Hornell, NY
|
|
—
|
|
|
2,270
|
|
|
19,006
|
|
|
2,159
|
|
|
2,270
|
|
|
21,165
|
|
|
23,435
|
|
|
(6,945
|
)
|
|
2005
|
|
Jun-11
|
|
40 years
|
||||||||
Cayuga Mall
|
Ithaca, NY
|
|
(7,000
|
)
|
|
1,180
|
|
|
9,104
|
|
|
3,529
|
|
|
1,180
|
|
|
12,633
|
|
|
13,813
|
|
|
(2,932
|
)
|
|
1969
|
|
Jun-11
|
|
40 years
|
||||||||
Kings Park Plaza
|
Kings Park, NY
|
|
—
|
|
|
4,790
|
|
|
11,100
|
|
|
2,144
|
|
|
4,790
|
|
|
13,244
|
|
|
18,034
|
|
|
(2,559
|
)
|
|
1985
|
|
Jun-11
|
|
40 years
|
||||||||
Village Square Shopping Center
|
Larchmont, NY
|
|
—
|
|
|
1,320
|
|
|
4,955
|
|
|
761
|
|
|
1,320
|
|
|
5,716
|
|
|
7,036
|
|
|
(870
|
)
|
|
1981
|
|
Jun-11
|
|
40 years
|
||||||||
Falcaro's Plaza
|
Lawrence, NY
|
|
—
|
|
|
3,410
|
|
|
9,272
|
|
|
1,827
|
|
|
3,410
|
|
|
11,099
|
|
|
14,509
|
|
|
(2,027
|
)
|
|
1972
|
|
Jun-11
|
|
40 years
|
|
|
|
|
|
|
|
|
|
Subsequent to Acquisition
|
|
Gross Amount at Which Carried
|
|
|
|
|
|
|
|
Life on Which Depreciated - Latest Income Statement
|
||||||||||||||||||||
|
|
|
|
|
Initial Cost to Company
|
|
|
at the Close of the Period
|
|
|
|
|
|
|
|
||||||||||||||||||||||||
Description
|
|
Encumbrances
|
|
Land
|
|
Building & Improvements
|
|
|
Land
|
|
Building & Improvements
|
|
Total
|
|
Accumulated Depreciation
|
|
Year Constructed(1)
|
|
Date Acquired
|
|
|||||||||||||||||||
Collegeville Shopping Center
|
Collegeville, PA
|
|
—
|
|
|
3,410
|
|
|
6,580
|
|
|
2,500
|
|
|
3,410
|
|
|
9,080
|
|
|
12,490
|
|
|
(1,759
|
)
|
|
2017
|
|
Jun-11
|
|
40 years
|
||||||||
Whitemarsh Shopping Center
|
Conshohocken, PA
|
|
—
|
|
|
3,410
|
|
|
11,607
|
|
|
302
|
|
|
3,410
|
|
|
11,909
|
|
|
15,319
|
|
|
(2,609
|
)
|
|
2002
|
|
Jun-11
|
|
40 years
|
||||||||
Valley Fair
|
Devon, PA
|
|
—
|
|
|
1,810
|
|
|
8,128
|
|
|
1,451
|
|
|
1,810
|
|
|
9,579
|
|
|
11,389
|
|
|
(3,426
|
)
|
|
2001
|
|
Jun-11
|
|
40 years
|
||||||||
Dickson City Crossings
|
Dickson City, PA
|
|
—
|
|
|
3,780
|
|
|
31,285
|
|
|
1,504
|
|
|
4,800
|
|
|
31,769
|
|
|
36,569
|
|
|
(9,091
|
)
|
|
1997
|
|
Jun-11
|
|
40 years
|
||||||||
Dillsburg Shopping Center
|
Dillsburg, PA
|
|
—
|
|
|
1,670
|
|
|
15,848
|
|
|
1,312
|
|
|
1,670
|
|
|
17,160
|
|
|
18,830
|
|
|
(4,228
|
)
|
|
1994
|
|
Jun-11
|
|
40 years
|
||||||||
Barn Plaza
|
Doylestown, PA
|
|
—
|
|
|
8,780
|
|
|
28,601
|
|
|
2,048
|
|
|
8,780
|
|
|
30,649
|
|
|
39,429
|
|
|
(8,067
|
)
|
|
2002
|
|
Jun-11
|
|
40 years
|
||||||||
Pilgrim Gardens
|
Drexel Hill, PA
|
|
—
|
|
|
2,090
|
|
|
4,923
|
|
|
3,518
|
|
|
2,090
|
|
|
8,441
|
|
|
10,531
|
|
|
(2,124
|
)
|
|
1955
|
|
Jun-11
|
|
40 years
|
||||||||
Gilbertsville Shopping Center
|
Gilbertsville, PA
|
|
—
|
|
|
1,830
|
|
|
4,306
|
|
|
2,174
|
|
|
1,830
|
|
|
6,480
|
|
|
8,310
|
|
|
(2,103
|
)
|
|
2002
|
|
Jun-11
|
|
40 years
|
||||||||
Mount Carmel Plaza
|
Glenside, PA
|
|
—
|
|
|
380
|
|
|
839
|
|
|
62
|
|
|
380
|
|
|
901
|
|
|
1,281
|
|
|
(198
|
)
|
|
1975
|
|
Jun-11
|
|
40 years
|
||||||||
Kline Plaza
|
Harrisburg, PA
|
|
—
|
|
|
2,300
|
|
|
13,013
|
|
|
1,519
|
|
|
2,300
|
|
|
14,532
|
|
|
16,832
|
|
|
(6,219
|
)
|
|
1952
|
|
Jun-11
|
|
40 years
|
||||||||
New Garden Center
|
Kennett Square, PA
|
|
(2,639
|
)
|
|
2,240
|
|
|
6,784
|
|
|
1,589
|
|
|
2,240
|
|
|
8,373
|
|
|
10,613
|
|
|
(2,223
|
)
|
|
1979
|
|
Jun-11
|
|
40 years
|
||||||||
Stone Mill Plaza
|
Lancaster, PA
|
|
—
|
|
|
2,490
|
|
|
12,445
|
|
|
335
|
|
|
2,490
|
|
|
12,780
|
|
|
15,270
|
|
|
(3,458
|
)
|
|
2008
|
|
Jun-11
|
|
40 years
|
||||||||
Woodbourne Square
|
Langhorne, PA
|
|
—
|
|
|
1,640
|
|
|
4,171
|
|
|
400
|
|
|
1,640
|
|
|
4,571
|
|
|
6,211
|
|
|
(1,019
|
)
|
|
1984
|
|
Jun-11
|
|
40 years
|
||||||||
North Penn Market Place
|
Lansdale, PA
|
|
—
|
|
|
3,060
|
|
|
5,008
|
|
|
937
|
|
|
3,060
|
|
|
5,945
|
|
|
9,005
|
|
|
(1,204
|
)
|
|
1977
|
|
Jun-11
|
|
40 years
|
||||||||
New Holland Shopping Center
|
New Holland, PA
|
|
—
|
|
|
890
|
|
|
3,369
|
|
|
492
|
|
|
890
|
|
|
3,861
|
|
|
4,751
|
|
|
(1,337
|
)
|
|
1995
|
|
Jun-11
|
|
40 years
|
||||||||
Village at Newtown
|
Newtown, PA
|
|
—
|
|
|
7,690
|
|
|
36,846
|
|
|
3,367
|
|
|
7,690
|
|
|
40,213
|
|
|
47,903
|
|
|
(7,474
|
)
|
|
1989
|
|
Jun-11
|
|
40 years
|
||||||||
Cherry Square
|
Northampton, PA
|
|
—
|
|
|
950
|
|
|
6,805
|
|
|
97
|
|
|
950
|
|
|
6,902
|
|
|
7,852
|
|
|
(2,519
|
)
|
|
1989
|
|
Jun-11
|
|
40 years
|
||||||||
Ivyridge
|
Philadelphia, PA
|
|
(13,295
|
)
|
|
7,100
|
|
|
18,320
|
|
|
1,500
|
|
|
7,100
|
|
|
19,820
|
|
|
26,920
|
|
|
(3,329
|
)
|
|
1963
|
|
Jun-11
|
|
40 years
|
||||||||
Roosevelt Mall
|
Philadelphia, PA
|
|
(47,339
|
)
|
|
8,820
|
|
|
87,715
|
|
|
5,084
|
|
|
8,820
|
|
|
92,799
|
|
|
101,619
|
|
|
(21,077
|
)
|
|
1964
|
|
Jun-11
|
|
40 years
|
||||||||
Shoppes at Valley Forge
|
Phoenixville, PA
|
|
—
|
|
|
2,010
|
|
|
12,830
|
|
|
595
|
|
|
2,010
|
|
|
13,425
|
|
|
15,435
|
|
|
(4,481
|
)
|
|
2003
|
|
Jun-11
|
|
40 years
|
||||||||
County Line Plaza
|
Souderton, PA
|
|
—
|
|
|
910
|
|
|
7,608
|
|
|
1,851
|
|
|
910
|
|
|
9,459
|
|
|
10,369
|
|
|
(3,011
|
)
|
|
1971
|
|
Jun-11
|
|
40 years
|
||||||||
69th Street Plaza
|
Upper Darby, PA
|
|
—
|
|
|
640
|
|
|
4,362
|
|
|
81
|
|
|
640
|
|
|
4,443
|
|
|
5,083
|
|
|
(1,318
|
)
|
|
1994
|
|
Jun-11
|
|
40 years
|
||||||||
Warminster Towne Center
|
Warminster, PA
|
|
—
|
|
|
4,310
|
|
|
35,284
|
|
|
1,497
|
|
|
4,310
|
|
|
36,781
|
|
|
41,091
|
|
|
(8,049
|
)
|
|
1997
|
|
Jun-11
|
|
40 years
|
||||||||
Shops at Prospect
|
West Hempfield, PA
|
|
—
|
|
|
760
|
|
|
6,494
|
|
|
435
|
|
|
760
|
|
|
6,929
|
|
|
7,689
|
|
|
(1,932
|
)
|
|
1994
|
|
Jun-11
|
|
40 years
|
||||||||
Whitehall Square
|
Whitehall, PA
|
|
—
|
|
|
4,350
|
|
|
31,128
|
|
|
1,450
|
|
|
4,350
|
|
|
32,578
|
|
|
36,928
|
|
|
(7,515
|
)
|
|
2006
|
|
Jun-11
|
|
40 years
|
||||||||
Wilkes-Barre Township Marketplace
|
Wilkes-Barre , PA
|
|
—
|
|
|
2,180
|
|
|
16,745
|
|
|
2,006
|
|
|
2,180
|
|
|
18,751
|
|
|
20,931
|
|
|
(4,985
|
)
|
|
2004
|
|
Jun-11
|
|
40 years
|
||||||||
Hunt River Commons
|
North Kingstown, RI
|
|
—
|
|
|
1,580
|
|
|
14,586
|
|
|
1,107
|
|
|
1,580
|
|
|
15,693
|
|
|
17,273
|
|
|
(4,317
|
)
|
|
1989
|
|
Jun-11
|
|
40 years
|
||||||||
Belfair Towne Village
|
Bluffton, SC
|
|
—
|
|
|
4,265
|
|
|
31,138
|
|
|
665
|
|
|
4,265
|
|
|
31,803
|
|
|
36,068
|
|
|
(4,450
|
)
|
|
2006
|
|
Jun-11
|
|
40 years
|
||||||||
Milestone Plaza
|
Greenville, SC
|
|
—
|
|
|
2,563
|
|
|
15,506
|
|
|
2,260
|
|
|
2,563
|
|
|
17,766
|
|
|
20,329
|
|
|
(1,899
|
)
|
|
1995
|
|
Oct-13
|
|
40 years
|
||||||||
Circle Center
|
Hilton Head, SC
|
|
—
|
|
|
3,010
|
|
|
5,778
|
|
|
417
|
|
|
3,010
|
|
|
6,195
|
|
|
9,205
|
|
|
(1,704
|
)
|
|
2000
|
|
Jun-11
|
|
40 years
|
||||||||
Island Plaza
|
James Island, SC
|
|
—
|
|
|
2,940
|
|
|
8,830
|
|
|
1,064
|
|
|
2,940
|
|
|
9,894
|
|
|
12,834
|
|
|
(3,638
|
)
|
|
1994
|
|
Jun-11
|
|
40 years
|
||||||||
Festival Centre
|
North Charleston, SC
|
|
—
|
|
|
3,630
|
|
|
8,449
|
|
|
5,590
|
|
|
3,630
|
|
|
14,039
|
|
|
17,669
|
|
|
(3,455
|
)
|
|
1987
|
|
Jun-11
|
|
40 years
|
||||||||
Remount Village Shopping Center
|
North Charleston, SC
|
|
—
|
|
|
1,040
|
|
|
2,088
|
|
|
98
|
|
|
1,040
|
|
|
2,186
|
|
|
3,226
|
|
|
(413
|
)
|
|
1996
|
|
Jun-11
|
|
40 years
|
||||||||
Fairview Corners I & II
|
Simpsonville, SC
|
|
—
|
|
|
2,370
|
|
|
16,715
|
|
|
1,955
|
|
|
2,370
|
|
|
18,670
|
|
|
21,040
|
|
|
(4,402
|
)
|
|
2003
|
|
Jun-11
|
|
40 years
|
||||||||
Hillcrest Market Place
|
Spartanburg, SC
|
|
—
|
|
|
4,190
|
|
|
34,203
|
|
|
4,514
|
|
|
4,190
|
|
|
38,717
|
|
|
42,907
|
|
|
(9,913
|
)
|
|
1965
|
|
Jun-11
|
|
40 years
|
||||||||
Shoppes at Hickory Hollow
|
Antioch, TN
|
|
—
|
|
|
3,650
|
|
|
10,673
|
|
|
485
|
|
|
3,650
|
|
|
11,158
|
|
|
14,808
|
|
|
(3,822
|
)
|
|
1986
|
|
Jun-11
|
|
40 years
|
||||||||
East Ridge Crossing
|
Chattanooga , TN
|
|
(3,362
|
)
|
|
1,230
|
|
|
4,007
|
|
|
134
|
|
|
1,230
|
|
|
4,141
|
|
|
5,371
|
|
|
(1,315
|
)
|
|
1999
|
|
Jun-11
|
|
40 years
|
||||||||
Watson Glen Shopping Center
|
Franklin, TN
|
|
—
|
|
|
5,220
|
|
|
13,470
|
|
|
2,191
|
|
|
5,220
|
|
|
15,661
|
|
|
20,881
|
|
|
(4,498
|
)
|
|
1988
|
|
Jun-11
|
|
40 years
|
||||||||
Williamson Square
|
Franklin, TN
|
|
—
|
|
|
7,730
|
|
|
22,403
|
|
|
6,116
|
|
|
7,730
|
|
|
28,519
|
|
|
36,249
|
|
|
(8,982
|
)
|
|
1988
|
|
Jun-11
|
|
40 years
|
||||||||
Greensboro Village
|
Gallatin, TN
|
|
—
|
|
|
1,503
|
|
|
13,369
|
|
|
154
|
|
|
1,503
|
|
|
13,523
|
|
|
15,026
|
|
|
(1,976
|
)
|
|
2005
|
|
Oct-13
|
|
40 years
|
||||||||
Greeneville Commons
|
Greeneville, TN
|
|
—
|
|
|
2,880
|
|
|
13,331
|
|
|
363
|
|
|
2,880
|
|
|
13,694
|
|
|
16,574
|
|
|
(5,588
|
)
|
|
2002
|
|
Jun-11
|
|
40 years
|
||||||||
Oakwood Commons
|
Hermitage, TN
|
|
—
|
|
|
6,840
|
|
|
17,845
|
|
|
3,266
|
|
|
6,840
|
|
|
21,111
|
|
|
27,951
|
|
|
(6,216
|
)
|
|
1989
|
|
Jun-11
|
|
40 years
|
||||||||
Kimball Crossing
|
Kimball, TN
|
|
—
|
|
|
1,860
|
|
|
18,494
|
|
|
813
|
|
|
1,860
|
|
|
19,307
|
|
|
21,167
|
|
|
(8,151
|
)
|
|
2007
|
|
Jun-11
|
|
40 years
|
||||||||
Kingston Overlook
|
Knoxville, TN
|
|
(5,670
|
)
|
|
2,060
|
|
|
5,499
|
|
|
1,336
|
|
|
2,060
|
|
|
6,835
|
|
|
8,895
|
|
|
(1,655
|
)
|
|
1996
|
|
Jun-11
|
|
40 years
|
||||||||
Farrar Place
|
Manchester, TN
|
|
(1,415
|
)
|
|
470
|
|
|
2,760
|
|
|
201
|
|
|
470
|
|
|
2,961
|
|
|
3,431
|
|
|
(1,215
|
)
|
|
1989
|
|
Jun-11
|
|
40 years
|
||||||||
The Commons at Wolfcreek
|
Memphis, TN
|
|
—
|
|
|
22,530
|
|
|
52,800
|
|
|
16,943
|
|
|
23,239
|
|
|
69,034
|
|
|
92,273
|
|
|
(15,123
|
)
|
|
2014
|
|
Jun-11
|
|
40 years
|
||||||||
Georgetown Square
|
Murfreesboro, TN
|
|
(5,814
|
)
|
|
3,250
|
|
|
7,405
|
|
|
1,818
|
|
|
3,716
|
|
|
8,757
|
|
|
12,473
|
|
|
(2,315
|
)
|
|
2003
|
|
Jun-11
|
|
40 years
|
||||||||
Nashboro Village
|
Nashville, TN
|
|
—
|
|
|
2,243
|
|
|
11,564
|
|
|
184
|
|
|
2,243
|
|
|
11,748
|
|
|
13,991
|
|
|
(1,948
|
)
|
|
1998
|
|
Oct-13
|
|
40 years
|
||||||||
Commerce Central
|
Tullahoma, TN
|
|
(6,679
|
)
|
|
1,240
|
|
|
12,143
|
|
|
322
|
|
|
1,240
|
|
|
12,465
|
|
|
13,705
|
|
|
(4,745
|
)
|
|
1995
|
|
Jun-11
|
|
40 years
|
||||||||
Merchant's Central
|
Winchester, TN
|
|
—
|
|
|
1,480
|
|
|
11,904
|
|
|
348
|
|
|
1,480
|
|
|
12,252
|
|
|
13,732
|
|
|
(3,933
|
)
|
|
1997
|
|
Jun-11
|
|
40 years
|
||||||||
Palm Plaza
|
Aransas, TX
|
|
(1,587
|
)
|
|
680
|
|
|
2,218
|
|
|
318
|
|
|
680
|
|
|
2,536
|
|
|
3,216
|
|
|
(859
|
)
|
|
2002
|
|
Jun-11
|
|
40 years
|
||||||||
Bardin Place Center
|
Arlington, TX
|
|
(28,509
|
)
|
|
10,690
|
|
|
30,907
|
|
|
3,038
|
|
|
10,690
|
|
|
33,945
|
|
|
44,635
|
|
|
(6,757
|
)
|
|
1993
|
|
Jun-11
|
|
40 years
|
||||||||
Parmer Crossing
|
Austin, TX
|
|
(6,401
|
)
|
|
3,730
|
|
|
10,267
|
|
|
1,205
|
|
|
3,730
|
|
|
11,472
|
|
|
15,202
|
|
|
(3,144
|
)
|
|
1989
|
|
Jun-11
|
|
40 years
|
|
|
|
|
|
|
|
|
|
Subsequent to Acquisition
|
|
Gross Amount at Which Carried
|
|
|
|
|
|
|
|
Life on Which Depreciated - Latest Income Statement
|
||||||||||||||||||||
|
|
|
|
|
Initial Cost to Company
|
|
|
at the Close of the Period
|
|
|
|
|
|
|
|
||||||||||||||||||||||||
Description
|
|
Encumbrances
|
|
Land
|
|
Building & Improvements
|
|
|
Land
|
|
Building & Improvements
|
|
Total
|
|
Accumulated Depreciation
|
|
Year Constructed(1)
|
|
Date Acquired
|
|
|||||||||||||||||||
Baytown Shopping Center
|
Baytown, TX
|
|
(4,761
|
)
|
|
3,410
|
|
|
6,580
|
|
|
369
|
|
|
3,410
|
|
|
6,949
|
|
|
10,359
|
|
|
(2,724
|
)
|
|
1987
|
|
Jun-11
|
|
40 years
|
||||||||
Cedar Bellaire
|
Bellaire, TX
|
|
(2,754
|
)
|
|
2,760
|
|
|
4,179
|
|
|
84
|
|
|
2,760
|
|
|
4,263
|
|
|
7,023
|
|
|
(952
|
)
|
|
1994
|
|
Jun-11
|
|
40 years
|
||||||||
El Camino
|
Bellaire, TX
|
|
(2,063
|
)
|
|
1,320
|
|
|
3,632
|
|
|
151
|
|
|
1,320
|
|
|
3,783
|
|
|
5,103
|
|
|
(1,321
|
)
|
|
2008
|
|
Jun-11
|
|
40 years
|
||||||||
Bryan Square
|
Bryan, TX
|
|
(1,606
|
)
|
|
820
|
|
|
2,358
|
|
|
92
|
|
|
820
|
|
|
2,450
|
|
|
3,270
|
|
|
(881
|
)
|
|
2008
|
|
Jun-11
|
|
40 years
|
||||||||
Townshire
|
Bryan, TX
|
|
—
|
|
|
1,790
|
|
|
6,356
|
|
|
661
|
|
|
1,790
|
|
|
7,017
|
|
|
8,807
|
|
|
(2,248
|
)
|
|
2002
|
|
Jun-11
|
|
40 years
|
||||||||
Plantation Plaza
|
Clute, TX
|
|
—
|
|
|
1,090
|
|
|
7,207
|
|
|
115
|
|
|
1,090
|
|
|
7,322
|
|
|
8,412
|
|
|
(2,746
|
)
|
|
1997
|
|
Jun-11
|
|
40 years
|
||||||||
Central Station
|
College Station, TX
|
|
(11,326
|
)
|
|
4,340
|
|
|
21,179
|
|
|
2,030
|
|
|
4,340
|
|
|
23,209
|
|
|
27,549
|
|
|
(5,223
|
)
|
|
1976
|
|
Jun-11
|
|
40 years
|
||||||||
Rock Prairie Crossing
|
College Station, TX
|
|
(10,358
|
)
|
|
2,401
|
|
|
13,463
|
|
|
92
|
|
|
2,401
|
|
|
13,555
|
|
|
15,956
|
|
|
(4,105
|
)
|
|
2002
|
|
Jun-11
|
|
40 years
|
||||||||
Carmel Village
|
Corpus Christi, TX
|
|
(2,601
|
)
|
|
1,900
|
|
|
4,246
|
|
|
626
|
|
|
1,900
|
|
|
4,872
|
|
|
6,772
|
|
|
(1,261
|
)
|
|
1993
|
|
Jun-11
|
|
40 years
|
||||||||
Five Points
|
Corpus Christi, TX
|
|
—
|
|
|
2,760
|
|
|
16,689
|
|
|
11,688
|
|
|
2,760
|
|
|
28,377
|
|
|
31,137
|
|
|
(6,035
|
)
|
|
1985
|
|
Jun-11
|
|
40 years
|
||||||||
Claremont Village
|
Dallas, TX
|
|
(2,116
|
)
|
|
1,700
|
|
|
2,953
|
|
|
120
|
|
|
1,700
|
|
|
3,073
|
|
|
4,773
|
|
|
(1,783
|
)
|
|
1976
|
|
Jun-11
|
|
40 years
|
||||||||
Jeff Davis
|
Dallas, TX
|
|
(2,698
|
)
|
|
1,390
|
|
|
3,481
|
|
|
254
|
|
|
1,390
|
|
|
3,735
|
|
|
5,125
|
|
|
(1,455
|
)
|
|
1975
|
|
Jun-11
|
|
40 years
|
||||||||
Stevens Park Village
|
Dallas, TX
|
|
(2,295
|
)
|
|
1,270
|
|
|
2,350
|
|
|
1,347
|
|
|
1,270
|
|
|
3,697
|
|
|
4,967
|
|
|
(1,040
|
)
|
|
1974
|
|
Jun-11
|
|
40 years
|
||||||||
Webb Royal Plaza
|
Dallas, TX
|
|
(4,179
|
)
|
|
2,470
|
|
|
4,763
|
|
|
937
|
|
|
2,470
|
|
|
5,700
|
|
|
8,170
|
|
|
(1,806
|
)
|
|
1961
|
|
Jun-11
|
|
40 years
|
||||||||
Wynnewood Village
|
Dallas, TX
|
|
(15,565
|
)
|
|
14,770
|
|
|
40,748
|
|
|
3,406
|
|
|
14,770
|
|
|
44,154
|
|
|
58,924
|
|
|
(11,162
|
)
|
|
2006
|
|
Jun-11
|
|
40 years
|
||||||||
Parktown
|
Deer Park, TX
|
|
(4,589
|
)
|
|
2,790
|
|
|
7,044
|
|
|
671
|
|
|
2,790
|
|
|
7,715
|
|
|
10,505
|
|
|
(3,397
|
)
|
|
1999
|
|
Jun-11
|
|
40 years
|
||||||||
Kenworthy Crossing
|
El Paso, TX
|
|
—
|
|
|
2,370
|
|
|
5,432
|
|
|
170
|
|
|
2,370
|
|
|
5,602
|
|
|
7,972
|
|
|
(1,482
|
)
|
|
2003
|
|
Jun-11
|
|
40 years
|
||||||||
Preston Ridge
|
Frisco, TX
|
|
—
|
|
|
25,820
|
|
|
123,603
|
|
|
11,211
|
|
|
25,820
|
|
|
134,814
|
|
|
160,634
|
|
|
(29,459
|
)
|
|
2017
|
|
Jun-11
|
|
40 years
|
||||||||
Forest Hills Village
|
Ft. Worth, TX
|
|
(1,905
|
)
|
|
1,220
|
|
|
2,779
|
|
|
139
|
|
|
1,220
|
|
|
2,918
|
|
|
4,138
|
|
|
(1,173
|
)
|
|
1968
|
|
Jun-11
|
|
40 years
|
||||||||
Ridglea Plaza
|
Ft. Worth, TX
|
|
(8,200
|
)
|
|
2,770
|
|
|
16,161
|
|
|
424
|
|
|
2,770
|
|
|
16,585
|
|
|
19,355
|
|
|
(5,195
|
)
|
|
1990
|
|
Jun-11
|
|
40 years
|
||||||||
Trinity Commons
|
Ft. Worth, TX
|
|
—
|
|
|
5,780
|
|
|
26,133
|
|
|
1,725
|
|
|
5,780
|
|
|
27,858
|
|
|
33,638
|
|
|
(7,492
|
)
|
|
1998
|
|
Jun-11
|
|
40 years
|
||||||||
Village Plaza
|
Garland, TX
|
|
(4,232
|
)
|
|
3,230
|
|
|
6,543
|
|
|
925
|
|
|
3,230
|
|
|
7,468
|
|
|
10,698
|
|
|
(2,065
|
)
|
|
2002
|
|
Jun-11
|
|
40 years
|
||||||||
North Hills Village
|
Haltom City, TX
|
|
(592
|
)
|
|
940
|
|
|
2,378
|
|
|
114
|
|
|
940
|
|
|
2,492
|
|
|
3,432
|
|
|
(857
|
)
|
|
1998
|
|
Jun-11
|
|
40 years
|
||||||||
Highland Village Town Center
|
Highland Village, TX
|
|
(4,656
|
)
|
|
3,370
|
|
|
7,281
|
|
|
139
|
|
|
3,370
|
|
|
7,420
|
|
|
10,790
|
|
|
(3,055
|
)
|
|
1996
|
|
Jun-11
|
|
40 years
|
||||||||
Bay Forest
|
Houston, TX
|
|
(3,748
|
)
|
|
1,500
|
|
|
6,546
|
|
|
85
|
|
|
1,500
|
|
|
6,631
|
|
|
8,131
|
|
|
(2,117
|
)
|
|
2004
|
|
Jun-11
|
|
40 years
|
||||||||
Beltway South
|
Houston, TX
|
|
—
|
|
|
3,340
|
|
|
9,666
|
|
|
416
|
|
|
3,340
|
|
|
10,082
|
|
|
13,422
|
|
|
(2,678
|
)
|
|
1998
|
|
Jun-11
|
|
40 years
|
||||||||
Braes Heights
|
Houston, TX
|
|
(6,425
|
)
|
|
1,700
|
|
|
14,999
|
|
|
1,153
|
|
|
1,700
|
|
|
16,152
|
|
|
17,852
|
|
|
(3,306
|
)
|
|
2003
|
|
Jun-11
|
|
40 years
|
||||||||
Braes Link
|
Houston, TX
|
|
—
|
|
|
850
|
|
|
6,479
|
|
|
157
|
|
|
850
|
|
|
6,636
|
|
|
7,486
|
|
|
(1,211
|
)
|
|
1999
|
|
Jun-11
|
|
40 years
|
||||||||
Braes Oaks Center
|
Houston, TX
|
|
(1,721
|
)
|
|
1,310
|
|
|
3,743
|
|
|
461
|
|
|
1,310
|
|
|
4,204
|
|
|
5,514
|
|
|
(904
|
)
|
|
1992
|
|
Jun-11
|
|
40 years
|
||||||||
Braesgate
|
Houston, TX
|
|
—
|
|
|
1,570
|
|
|
2,723
|
|
|
111
|
|
|
1,570
|
|
|
2,834
|
|
|
4,404
|
|
|
(1,449
|
)
|
|
1997
|
|
Jun-11
|
|
40 years
|
||||||||
Broadway
|
Houston, TX
|
|
(3,174
|
)
|
|
1,720
|
|
|
5,362
|
|
|
585
|
|
|
1,720
|
|
|
5,947
|
|
|
7,667
|
|
|
(1,778
|
)
|
|
2006
|
|
Jun-11
|
|
40 years
|
||||||||
Clear Lake Camino South
|
Houston, TX
|
|
(6,454
|
)
|
|
3,320
|
|
|
11,916
|
|
|
459
|
|
|
3,320
|
|
|
12,375
|
|
|
15,695
|
|
|
(3,016
|
)
|
|
1964
|
|
Jun-11
|
|
40 years
|
||||||||
Hearthstone Corners
|
Houston, TX
|
|
—
|
|
|
5,240
|
|
|
13,640
|
|
|
815
|
|
|
5,240
|
|
|
14,455
|
|
|
19,695
|
|
|
(4,962
|
)
|
|
1998
|
|
Jun-11
|
|
40 years
|
||||||||
Jester Village
|
Houston, TX
|
|
—
|
|
|
1,380
|
|
|
4,459
|
|
|
315
|
|
|
1,380
|
|
|
4,774
|
|
|
6,154
|
|
|
(998
|
)
|
|
1988
|
|
Jun-11
|
|
40 years
|
||||||||
Jones Plaza
|
Houston, TX
|
|
—
|
|
|
2,110
|
|
|
9,561
|
|
|
1,473
|
|
|
2,110
|
|
|
11,034
|
|
|
13,144
|
|
|
(1,570
|
)
|
|
2000
|
|
Jun-11
|
|
40 years
|
||||||||
Jones Square
|
Houston, TX
|
|
—
|
|
|
3,210
|
|
|
10,614
|
|
|
206
|
|
|
3,210
|
|
|
10,820
|
|
|
14,030
|
|
|
(3,331
|
)
|
|
1999
|
|
Jun-11
|
|
40 years
|
||||||||
Maplewood Mall
|
Houston, TX
|
|
(3,442
|
)
|
|
1,790
|
|
|
5,445
|
|
|
258
|
|
|
1,790
|
|
|
5,703
|
|
|
7,493
|
|
|
(1,967
|
)
|
|
2004
|
|
Jun-11
|
|
40 years
|
||||||||
Merchants Park
|
Houston, TX
|
|
(16,139
|
)
|
|
6,580
|
|
|
31,459
|
|
|
2,791
|
|
|
6,580
|
|
|
34,250
|
|
|
40,830
|
|
|
(8,480
|
)
|
|
2009
|
|
Jun-11
|
|
40 years
|
||||||||
Northgate
|
Houston, TX
|
|
(1,224
|
)
|
|
740
|
|
|
1,320
|
|
|
223
|
|
|
740
|
|
|
1,543
|
|
|
2,283
|
|
|
(516
|
)
|
|
1972
|
|
Jun-11
|
|
40 years
|
||||||||
Northshore
|
Houston, TX
|
|
(13,029
|
)
|
|
5,970
|
|
|
22,160
|
|
|
1,951
|
|
|
5,970
|
|
|
24,111
|
|
|
30,081
|
|
|
(6,112
|
)
|
|
2001
|
|
Jun-11
|
|
40 years
|
||||||||
Northtown Plaza
|
Houston, TX
|
|
(9,787
|
)
|
|
4,990
|
|
|
17,133
|
|
|
1,900
|
|
|
4,990
|
|
|
19,033
|
|
|
24,023
|
|
|
(4,003
|
)
|
|
1960
|
|
Jun-11
|
|
40 years
|
||||||||
Northwood Plaza
|
Houston, TX
|
|
—
|
|
|
2,730
|
|
|
10,023
|
|
|
974
|
|
|
2,730
|
|
|
10,997
|
|
|
13,727
|
|
|
(3,399
|
)
|
|
1972
|
|
Jun-11
|
|
40 years
|
||||||||
Orange Grove
|
Houston, TX
|
|
—
|
|
|
3,670
|
|
|
15,444
|
|
|
519
|
|
|
3,670
|
|
|
15,963
|
|
|
19,633
|
|
|
(5,296
|
)
|
|
2005
|
|
Jun-11
|
|
40 years
|
||||||||
Pinemont Shopping Center
|
Houston, TX
|
|
—
|
|
|
1,673
|
|
|
4,563
|
|
|
3
|
|
|
1,673
|
|
|
4,566
|
|
|
6,239
|
|
|
(2,152
|
)
|
|
1999
|
|
Jun-11
|
|
40 years
|
||||||||
Royal Oaks Village
|
Houston, TX
|
|
—
|
|
|
4,620
|
|
|
29,397
|
|
|
761
|
|
|
4,620
|
|
|
30,158
|
|
|
34,778
|
|
|
(6,855
|
)
|
|
2001
|
|
Jun-11
|
|
40 years
|
||||||||
Tanglewilde Center
|
Houston, TX
|
|
(3,809
|
)
|
|
1,620
|
|
|
7,088
|
|
|
378
|
|
|
1,620
|
|
|
7,466
|
|
|
9,086
|
|
|
(2,068
|
)
|
|
1998
|
|
Jun-11
|
|
40 years
|
||||||||
Westheimer Commons
|
Houston, TX
|
|
—
|
|
|
5,160
|
|
|
11,955
|
|
|
4,142
|
|
|
5,160
|
|
|
16,097
|
|
|
21,257
|
|
|
(4,668
|
)
|
|
1984
|
|
Jun-11
|
|
40 years
|
||||||||
Fry Road Crossing
|
Katy, TX
|
|
—
|
|
|
6,030
|
|
|
19,659
|
|
|
604
|
|
|
6,030
|
|
|
20,263
|
|
|
26,293
|
|
|
(6,174
|
)
|
|
2005
|
|
Jun-11
|
|
40 years
|
||||||||
Washington Square
|
Kaufman, TX
|
|
(1,164
|
)
|
|
880
|
|
|
1,930
|
|
|
582
|
|
|
880
|
|
|
2,512
|
|
|
3,392
|
|
|
(731
|
)
|
|
1978
|
|
Jun-11
|
|
40 years
|
||||||||
Jefferson Park
|
Mount Pleasant, TX
|
|
(2,910
|
)
|
|
870
|
|
|
4,919
|
|
|
900
|
|
|
870
|
|
|
5,819
|
|
|
6,689
|
|
|
(1,926
|
)
|
|
2001
|
|
Jun-11
|
|
40 years
|
||||||||
Winwood Town Center
|
Odessa, TX
|
|
—
|
|
|
2,850
|
|
|
28,257
|
|
|
1,361
|
|
|
2,850
|
|
|
29,618
|
|
|
32,468
|
|
|
(8,926
|
)
|
|
2002
|
|
Jun-11
|
|
40 years
|
||||||||
Crossroads Centre - Pasadena
|
Pasadena, TX
|
|
(7,930
|
)
|
|
4,660
|
|
|
10,870
|
|
|
393
|
|
|
4,660
|
|
|
11,263
|
|
|
15,923
|
|
|
(3,503
|
)
|
|
1997
|
|
Jun-11
|
|
40 years
|
||||||||
Spencer Square
|
Pasadena, TX
|
|
(11,540
|
)
|
|
5,360
|
|
|
19,369
|
|
|
815
|
|
|
5,360
|
|
|
20,184
|
|
|
25,544
|
|
|
(5,605
|
)
|
|
1998
|
|
Jun-11
|
|
40 years
|
||||||||
Pearland Plaza
|
Pearland, TX
|
|
—
|
|
|
3,020
|
|
|
8,431
|
|
|
1,339
|
|
|
3,020
|
|
|
9,770
|
|
|
12,790
|
|
|
(2,680
|
)
|
|
1995
|
|
Jun-11
|
|
40 years
|
||||||||
Market Plaza
|
Plano, TX
|
|
(9,484
|
)
|
|
6,380
|
|
|
20,124
|
|
|
763
|
|
|
6,380
|
|
|
20,887
|
|
|
27,267
|
|
|
(6,106
|
)
|
|
2002
|
|
Jun-11
|
|
40 years
|
||||||||
Preston Park
|
Plano, TX
|
|
—
|
|
|
7,503
|
|
|
77,389
|
|
|
2,176
|
|
|
7,503
|
|
|
79,565
|
|
|
87,068
|
|
|
(10,923
|
)
|
|
1985
|
|
Oct-13
|
|
40 years
|
||||||||
Northshore Plaza
|
Portland, TX
|
|
—
|
|
|
3,510
|
|
|
8,060
|
|
|
611
|
|
|
3,510
|
|
|
8,671
|
|
|
12,181
|
|
|
(3,593
|
)
|
|
2000
|
|
Jun-11
|
|
40 years
|
|
Year Ending December 31,
|
||||||||||
|
2016
|
|
2015
|
|
2014
|
||||||
[a] Reconciliation of total real estate carrying value is as follows:
|
|
|
|
|
|
||||||
Balance at beginning of period
|
$
|
10,932,850
|
|
|
$
|
10,802,249
|
|
|
$
|
10,837,728
|
|
Acquisitions and improvements
|
236,590
|
|
|
252,242
|
|
|
215,934
|
|
|||
Real estate held for sale
|
—
|
|
|
—
|
|
|
—
|
|
|||
Impairment of real estate
|
(3,176
|
)
|
|
—
|
|
|
—
|
|
|||
Cost of property sold
|
(88,585
|
)
|
|
(51,264
|
)
|
|
(186,427
|
)
|
|||
Write-off of assets no longer in service
|
(68,621
|
)
|
|
(70,377
|
)
|
|
(64,986
|
)
|
|||
Balance at end of period
|
$
|
11,009,058
|
|
|
$
|
10,932,850
|
|
|
$
|
10,802,249
|
|
|
|
|
|
|
|
||||||
[b] Reconciliation of accumulated depreciation as follows:
|
|
|
|
|
|
||||||
Balance at beginning of period
|
$
|
1,880,685
|
|
|
$
|
1,549,234
|
|
|
$
|
1,190,170
|
|
Depreciation expense
|
361,723
|
|
|
396,380
|
|
|
429,639
|
|
|||
Property sold
|
(19,733
|
)
|
|
(7,034
|
)
|
|
(27,554
|
)
|
|||
Write-off of assets no longer in service
|
(55,621
|
)
|
|
(57,895
|
)
|
|
(43,021
|
)
|
|||
Balance at end of period
|
2,167,054
|
|
|
1,880,685
|
|
|
1,549,234
|
|
BRIXMOR PROPERTY GROUP, INC.
|
|
/s/ Steven F. Siegel
|
By: Steven F. Siegel
|
Title: Executive Vice President
|
|
EXECUTIVE
|
|
/s/ Mark Horgan
|
Mark Horgan
|
|
1.
|
Definitions
. For purposes of this Agreement, the following terms shall have the following meanings:
|
a.
|
Grant of Award
. The Company grants to the Participant the number of RSUs set forth in the Award Certificate.
|
b.
|
Vesting
. Subject to Section 3, the RSUs granted under the Award shall become vested as follows, subject to the Participant’s continued employment with the Company through the applicable date(s) (each, a “
Vesting Date
”): One-fifth of the Award shall vest on each of the first, second, third, fourth and fifth anniversary dates of the Effective Date.
|
c.
|
Issuance of Common Stock
.
|
i.
|
Settlement of RSUs
. Shares underlying a vested RSU shall be transferred to the Participant as soon as administratively practicable following the applicable Vesting Date. No shares of Common Stock shall be issued to the Participant in respect of an RSU prior to the applicable Vesting Date. After an RSU vests, the Company shall promptly cause to be registered in Participant’s name or in the name of the executor or personal representative of the Participant’s estate, as the case may be, one share of Common Stock in payment for each such vested RSU. For purposes of this Agreement, the date on which vested RSUs are converted into Common Stock shall be referred to as the “
Settlement Date
.”
|
ii.
|
Fractional RSUs
. In the event the Participant is vested in a fractional portion of an RSU, such portion shall be rounded down to the nearest whole number.
|
a.
|
General
. Subject to Section 3(b), in the event that the Participant’s employment with the Company is terminated (including upon resignation by the Participant), any unvested RSUs shall be forfeited automatically and without further action.
|
b.
|
Qualifying Termination
. Notwithstanding the foregoing:
|
i.
|
In the event of the Participant’s Qualifying Termination, all unvested RSUs (and any associated Dividend Equivalent Amount) shall immediately vest.
|
c.
|
Termination for Cause
. In the event of the Participant’s termination of employment for Cause, then any unvested RSUs (and any associated Dividend Equivalent Amount) and any shares underlying RSUs that have not yet been transferred to the Participant shall be automatically forfeited as of the Termination Date.
|
a.
|
Each RSU shall have a Dividend Equivalent Right associated with it with respect to any cash dividends on Common Stock that have a record date after the Effective Date and prior to the applicable Settlement Date for such RSU (the total accrued dividends for each earned RSU, a “
Dividend Equivalent Amount
”).
|
b.
|
The Dividend Equivalent Amount shall be calculated by crediting a hypothetical bookkeeping account for the Participant with an amount equal to the amount of cash dividends that would have been paid on the dividend payment date with respect to the number of shares of Common Stock underlying the unsettled earned RSUs (or RSUs which become earned in accordance with this Agreement) if such shares had been outstanding on the dividend record date. The Participant’s Dividend Equivalent Amount shall not be credited with interest or earnings.
|
c.
|
Any Dividend Equivalent Amount: (i) shall be subject to the same terms and conditions applicable to the earned RSU to which the Dividend Equivalent Right relates, including, without limitation, the restrictions on transfer and the forfeiture conditions contained in the Agreement; (ii) shall vest and be settled upon the same terms and at the same time of settlement as the RSUs to which they relate; and (iii) will be denominated and payable solely in cash. The payment of Dividend Equivalent Rights will be net of all applicable withholding taxes pursuant to Section 5(g).
|
a.
|
Administration
. The Committee shall administer the Award.
|
b.
|
Agreement Subject to Plan; Amendment
. By entering into this Agreement, the Participant agrees and acknowledges that the Participant has received and read a copy of the Plan. The Awards and RSUs granted hereunder are subject to the Plan. The terms and provisions of the Plan, as it may be amended from time to time, are hereby incorporated herein by reference. In the event of a conflict between any term or provision contained herein and a term or provision of the Plan, the applicable terms and provisions of the Plan will govern and prevail. The terms of the Agreement and the Award Certificate may be amended from time to time by the Committee in its sole discretion in any manner that it deems appropriate; provided, that any such amendment that would materially and adversely affect any right of the Participant shall not to that extent be effective without the consent of the Participant.
|
c.
|
Participant is Unsecured General Creditor
. The Participant and the Participant’s heirs, successors, and assigns shall have no legal or equitable rights, interest, or claims in any specific property or assets of the Company. Assets of the Company shall not be held under any trust for the benefit of the Participant or the Participant’s heirs, successors, or assigns, or held in any way as collateral security for the fulfilling of the obligations of the Company under the Agreement or the Plan. Any and all of the Company’s assets shall be, and remain, the general unrestricted assets of the Company. The Company’s sole obligation under this Agreement and in respect of the
|
d.
|
No Transferability; No Assignment
. Neither the Participant nor any other person shall have any right to commute, sell, assign, transfer, pledge, anticipate, mortgage or otherwise encumber, transfer, hypothecate, alienate or convey in advance of actual receipt, the Award or the RSUs. No part of the RSUs or the shares of Common Stock delivered in respect of any vested RSUs, and/or amounts payable under this Agreement shall, prior to actual settlement or payment, be subject to seizure, attachment, garnishment or sequestration for the payment of any debts, judgments, alimony or separate maintenance owed by the Participant or any other person, be transferable by operation of law in the event of the Participant’s or any other person’s bankruptcy or insolvency or be transferable to a spouse as a result of a property settlement or otherwise.
|
e.
|
No Right to Continued Employment
. Neither the Plan nor this Agreement nor the Participant’s receipt of the Award hereunder (or RSUs issued in settlement of the Award) shall impose any obligation on the Company or any Affiliate to continue the employment of the Participant, subject however to the terms and provisions of Participant’s employment agreement with the Company dated April [ ], 2016.
|
f.
|
Limitation on Shareholder Rights
. The Participant shall have no rights as a shareholder of the Company, no dividend rights (subject to Dividend Equivalent Rights as set forth in Section 4) and no voting rights with respect to the RSUs and any shares of Common Stock underlying or issuable in respect of such RSUs until such shares of Common Stock are actually issued to and held of record by the Participant. No adjustments will be made for dividends or other rights of a holder for which the record date is prior to the date of issuance of the shares of Common Stock, except for the Dividend Equivalent Rights as set forth in Section 4.
|
g.
|
Tax Withholding
.
|
i.
|
Regardless of any action the Company takes with respect to any or all federal, state or local income tax, employment tax or other tax related items (“
Tax Related Items
”), the Participant acknowledges that the ultimate liability for all Tax Related Items associated with the RSUs (and the Dividend Equivalent Rights associated therewith) is and remains the Participant’s responsibility and that the Company: (A) makes no representations or undertakings regarding the treatment of any Tax Related Items in connection with any aspect of the RSUs, including, but not limited to, the grant or vesting of the RSUs, the delivery of the shares of Common Stock, the subsequent sale of shares of Common Stock acquired at vesting and the receipt of any Dividend Equivalent Rights; and (B) does not commit to structure the terms of the grant or any aspect of the RSUs to reduce or eliminate the Participant’s liability for Tax Related Items. Further, if Participant has relocated to a different jurisdiction between the date of grant and the date of any taxable event, Participant acknowledges that the Company may be required to withhold or account for Tax-Related Items in more than one jurisdiction.
|
ii.
|
Prior to the relevant taxable event, the Participant shall pay or make adequate arrangements satisfactory to the Company, in its sole discretion, to satisfy all withholding and payment on account obligations for Tax Related Items of the Company. In this regard, the Participant authorizes the Company, in its sole discretion, to satisfy the obligations with regard to all Tax Related Items legally payable by the Participant with respect to the RSUs by withholding in shares of Common Stock otherwise issuable to the Participant, provided that the Company withholds only the amount of shares of Common Stock necessary to satisfy the minimum statutory withholding amount using the Fair Market Value of the shares of Common Stock on the Settlement Date. Participant shall pay to the Company any amount of Tax Related Items that the Company may be required to withhold as a result of the RSUs that are not satisfied by the previously described method. The Company may refuse to deliver the shares of Common Stock to the Participant if the Participant fails to comply with Participant’s obligations in connection with the Tax Related Items as described in this Section.
|
h.
|
Compensation Recovery Policy
. The compensation under this Agreement shall be subject to being recovered under the Company’s compensation recovery policy, if any, or any similar policy that the Company may adopt from time to time applicable to all senior executives. For avoidance of doubt, compensation recovery rights to shares of Common Stock issued under this Agreement shall extend to any proceeds realized by the Participant upon the sale or other transfer of such shares of Common Stock. Without limiting the generality of the foregoing, if in the opinion of the independent directors of the Board, (i) the Company’s financial results are restated or were materially misstated due in whole or in part to intentional fraud or misconduct by the Participant, and (ii) the payment or equity or equity-based award made or issued pursuant to this Agreement based on the corrected
|
i.
|
Section 409A Compliance
. The Award and the shares of Common Stock and amounts payable under this Agreement are intended to comply with the requirements of Section 409A so as to prevent the inclusion in gross income of any benefits accrued hereunder in a taxable year prior to the taxable year or years in which such amount would otherwise be actually distributed or made available to the Participants. The Agreement shall be administered and interpreted to the extent possible in a manner consistent with that intent. Notwithstanding the terms of Section 2 or Section 3, if a Participant is a “specified employee” within the meaning of Section 409A, no payments in respect of any Award or RSU that is “deferred compensation” subject to Section 409A and which would otherwise be payable upon the Participant’s “separation from service” (as defined in Section 409A) shall be made to such Participant prior to the date that is six months after the date of the Participant’s “separation from service” or, if earlier, the Participant’s date of death. Following any applicable six month delay, all such delayed payments will be paid in a single lump sum on the earliest date permitted under Section 409A that is also a business day. The Participant is solely responsible and liable for the satisfaction of all taxes and penalties under Section 409A that may be imposed on or in respect of the Participant in connection with this Agreement, and the Company shall not be liable to any Participant for any payment made under this Plan that is determined to result in an additional tax, penalty or interest under Section 409A, nor for reporting in good faith any payment made under this Agreement as an amount includible in gross income under Section 409A.
|
j.
|
Section 280G of the Code
. In the event that the accelerated vesting of the RSUs or the amounts payable under this Agreement, together with all other payments and the value of any benefit received or to be received by the Participant, would result in all or a portion of such payment being subject to excise tax under Section 4999 of the Code (the “
Excise Tax
”), then the Participant’s payment shall be either (a) the full payment or (b) such lesser amount that would result in no portion of the payment being subject to the Excise Tax, whichever of the foregoing amounts, taking into account the applicable federal, state, and local employment taxes, income taxes, and the Excise Tax, results in the receipt by the Participant, on an after-tax basis, of the greatest amount of the payment notwithstanding that all or some portion of the payment may be taxable under Section 4999 of the Code. Any such reduction shall be made by the Company in compliance with all applicable legal authority, including Section 409A. All determinations required to be made under this Section shall be made by the nationally recognized accounting firm which is the Company’s outside auditor immediately prior to the event triggering the payments that are subject to the Excise Tax, which firm must be reasonably acceptable to the Participant (the “
Accounting Firm
”). The Company shall cause the Accounting Firm to provide detailed supporting calculations of its determinations to the Company and the Participant. All fees and expenses of the Accounting Firm shall be borne solely by the Company. The Accounting Firm’s determinations must be made with substantial authority (within the meaning of Section 6662 of the Code).
|
k.
|
Governing Law
. This Agreement shall be governed by and construed in accordance with the internal laws of the State of Maryland applicable to contracts made and performed wholly within the State of Maryland, without giving effect to the conflict of law provisions thereof. Any suit, action or proceeding with respect to this Agreement (or any provision incorporated by reference), or any judgment entered by any court in respect of any thereof, shall be brought in any court of competent jurisdiction in the State of New York, and each of the Participant and the Company hereby submits to the exclusive jurisdiction of such courts for the purpose of any such suit, action, proceeding, or judgment. Each of the Participant and the Company hereby irrevocably waives (i) any objections which it may now or hereafter have to the laying of the venue of any suit, action, or proceeding arising out of or relating to this Agreement brought in any court of competent jurisdiction in the State of New York, (ii) any claim that any such suit, action, or proceeding brought in any such court has been brought in any inconvenient forum and (iii) any right to a jury trial.
|
l.
|
Signature in Counterparts
. This Agreement may be signed in counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument.
|
1.
|
Brixmor Property Group Inc., a Maryland corporation (together with its Subsidiaries, the “Company”), and the Participant who is signatory hereto, hereby agree to the terms of this Award Certificate and the Brixmor Property Group Inc. Restricted Stock Unit Agreement (the “Agreement”) to which it is attached. All capitalized terms used in this Award Certificate and not defined herein shall have the meanings assigned to them in the Company’s 2013 Omnibus Incentive Plan (the “
Plan
”) or the Agreement.
|
2.
|
Subject to the terms of this Award Certificate, the Agreement and the Plan, the Company hereby grants to the Participant as of the Effective Date, the Award on the terms set forth below:
|
|
|
|
|
Participant:
|
[ ]
|
Effective Date:
|
[ ], 2016
|
RSU Award Amount:
|
|
|
|
3.
|
The Award and any RSUs which may become vested under the Award are subject to the terms and conditions set forth in this Award Certificate, the Plan and the Agreement. All terms and provisions of the Plan and the Agreement, as the same may be amended from time to time, are incorporated and made part of this Award Certificate. If any provision of this Award Certificate is in conflict with the terms of the Plan or the Agreement, then the terms of the Plan or the Agreement, as applicable, shall govern. The Participant hereby expressly acknowledges receipt of a copy of the Plan and the Agreement.
|
|
|
|
|
BRIXMOR PROPERTY GROUP INC.
By: _______________________________
Name:
Title: Authorized Signatory
|
PARTICIPANT
___________________________________
Name: [ ]
|
Participant:
|
[ ]
|
Effective Date:
|
[ ]
|
Total Target RSU Award Amount:
|
[ ]
|
Level of Achievement
|
Performance Level Achieved
|
Percentage of Award Earned
|
Threshold
|
$[ ]
|
50%
|
Target
|
$[ ]
|
100%
|
Maximum
|
$[ ]
|
150%
|
Level of Achievement
|
Performance Level Achieved
|
Percentage of Award Earned
|
Threshold
|
[ ] bps or less below index return
|
50%
|
Target
|
[ ] bps above index return
|
100%
|
Maximum
|
[ ] bps or more over index return
|
150%
|
Level of Achievement
|
Performance Level Achieved
|
Percentage of Award Earned
|
Threshold
|
[ ]% - Compounded Annual Growth Rate
|
50%
|
Target
|
[ ]% - Compounded Annual Growth Rate
|
100%
|
Maximum
|
[ ]% - Compounded Annual Growth Rate
|
150%
|
BRIXMOR PROPERTY GROUP INC.
By: ___________________________________
Name:
Title: Authorized Signatory
|
PARTICIPANT
__________________________________
Name: [Name]
|
BRIXMOR PROPERTY GROUP, INC.
|
|
/s/ Michael Carroll
|
By: Michael Carroll
|
Title: Chief Executive Officer
|
|
EXECUTIVE
|
|
/s/ Brian Finnegan
|
Brian Finnegan
|
|
BRIXMOR PROPERTY GROUP INC. AND SUBSIDIARIES
|
|||||||||||||||||||||||||||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES AND CONSOLIDATED RATIO OF EARNINGS TO
COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
|
|||||||||||||||||||||||||||||
(dollars in thousands)
|
|||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31,
|
||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
2012
|
|
2013
|
|
2014
|
|
2015
|
|
2016
|
||||||||||
Earnings:
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
|
Income (loss) before equity in income of unconsolidated joint ventures
|
|
$
|
(150,409
|
)
|
|
$
|
(81,825
|
)
|
|
$
|
110,581
|
|
|
$
|
197,077
|
|
|
$
|
277,665
|
|
||||||||
|
Interest expense, net of amortization of premium/discount
|
|
377,070
|
|
|
339,044
|
|
|
254,380
|
|
|
236,709
|
|
|
218,963
|
|
|||||||||||||
|
Amortization of deferred financing fees
|
|
10,272
|
|
|
10,831
|
|
|
8,691
|
|
|
8,302
|
|
|
7,708
|
|
|||||||||||||
|
Distributed income of equity investees
|
|
451
|
|
|
409
|
|
|
454
|
|
|
512
|
|
|
422
|
|
|||||||||||||
|
Portion of rent expense representative of interest
|
|
445
|
|
|
443
|
|
|
416
|
|
|
364
|
|
|
312
|
|
|||||||||||||
Total Earnings
|
|
$
|
237,829
|
|
|
$
|
268,902
|
|
|
$
|
374,522
|
|
|
$
|
442,964
|
|
|
$
|
505,070
|
|
|||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Fixed Charges:
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
|
Interest expense, net of amortization of premium/discount
|
|
377,070
|
|
|
339,044
|
|
|
254,380
|
|
|
236,709
|
|
|
218,963
|
|
|||||||||||||
|
Capitalized interest
|
|
1,661
|
|
|
4,968
|
|
|
4,047
|
|
|
2,749
|
|
|
2,870
|
|
|||||||||||||
|
Amortization of deferred financing fees
|
|
10,272
|
|
|
10,831
|
|
|
8,691
|
|
|
8,302
|
|
|
7,708
|
|
|||||||||||||
|
Portion of rent expense representative of interest
|
|
445
|
|
|
443
|
|
|
416
|
|
|
364
|
|
|
312
|
|
|||||||||||||
Total fixed charges
(1)
|
|
389,448
|
|
|
355,286
|
|
|
267,534
|
|
|
248,124
|
|
|
229,853
|
|
||||||||||||||
|
Preferred stock dividends
|
|
296
|
|
|
162
|
|
|
150
|
|
|
150
|
|
|
150
|
|
|||||||||||||
Total combined fixed charges and preferred stock dividends
(2)
|
|
$
|
389,744
|
|
|
$
|
355,448
|
|
|
$
|
267,684
|
|
|
$
|
248,274
|
|
|
$
|
230,003
|
|
|||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Ratio of Earnings to Fixed Charges
|
|
—
|
|
|
—
|
|
|
1.4
|
|
|
1.8
|
|
|
2.2
|
|
||||||||||||||
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
|
|
—
|
|
|
—
|
|
|
1.4
|
|
|
1.8
|
|
|
2.2
|
|
(1)
|
For the years ended December 31, 2012 and 2013 fixed charges exceeded earnings by $151,619 and $86,384, respectively.
|
(2)
|
For the years ended December 31, 2012 and 2013 combined fixed charges and preferred stock dividends exceeded earnings by $151,915 and $86,546, respectively.
|
BRIXMOR OPERATING PARTNERSHIP LP AND SUBSIDIARIES
|
|||||||||||||||||||||||||||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
|
|||||||||||||||||||||||||||||
(dollars in thousands)
|
|||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31,
|
||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
2012
|
|
2013
|
|
2014
|
|
2015
|
|
2016
|
||||||||||
Earnings:
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
|
Income (loss) before equity in income of unconsolidated joint ventures
|
|
$
|
(149,885
|
)
|
|
$
|
(81,819
|
)
|
|
$
|
110,581
|
|
|
$
|
197,077
|
|
|
$
|
277,665
|
|
||||||||
|
Interest expense, net of amortization of premium/discount
|
|
377,070
|
|
|
339,044
|
|
|
254,380
|
|
|
236,709
|
|
|
218,963
|
|
|||||||||||||
|
Amortization of deferred financing fees
|
|
10,272
|
|
|
10,831
|
|
|
8,691
|
|
|
8,302
|
|
|
7,708
|
|
|||||||||||||
|
Distributed income of equity investees
|
|
451
|
|
|
409
|
|
|
454
|
|
|
512
|
|
|
422
|
|
|||||||||||||
|
Portion of rent expense representative of interest
|
|
445
|
|
|
443
|
|
|
416
|
|
|
364
|
|
|
312
|
|
|||||||||||||
Total Earnings
|
|
$
|
238,353
|
|
|
$
|
268,908
|
|
|
$
|
374,522
|
|
|
$
|
442,964
|
|
|
$
|
505,070
|
|
|||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Fixed Charges:
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
|
Interest expense, net of amortization of premium/discount
|
|
377,070
|
|
|
339,044
|
|
|
254,380
|
|
|
236,709
|
|
|
218,963
|
|
|||||||||||||
|
Capitalized interest
|
|
1,661
|
|
|
4,968
|
|
|
4,047
|
|
|
2,749
|
|
|
2,870
|
|
|||||||||||||
|
Amortization of deferred financing fees
|
|
10,272
|
|
|
10,831
|
|
|
8,691
|
|
|
8,302
|
|
|
7,708
|
|
|||||||||||||
|
Portion of rent expense representative of interest
|
|
445
|
|
|
443
|
|
|
416
|
|
|
364
|
|
|
312
|
|
|||||||||||||
Total fixed charges
(1)
|
|
$
|
389,448
|
|
|
$
|
355,286
|
|
|
$
|
267,534
|
|
|
$
|
248,124
|
|
|
$
|
229,853
|
|
|||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Ratio of Earnings to Fixed Charges
|
|
—
|
|
|
—
|
|
|
1.4
|
|
|
1.8
|
|
|
2.2
|
|
(1)
|
For the years ended December 31, 2012 and 2013 fixed charges exceeded earnings by $151,095 and $86,378, respectively.
|
Legal Entity Name
|
|
State of Formation
|
Arapahoe Crossings, L.P.
|
|
Delaware
|
Berkshire Crossing Retail LLC
|
|
Delaware
|
Berkshire Crossing Shopping Center, LLC
|
|
Delaware
|
BPG Sub LLC
|
|
Delaware
|
BPG Sub TRS LLC
|
|
Delaware
|
BPG Subsidiary Inc.
|
|
Delaware
|
Bradley Financing LLC
|
|
Delaware
|
Bradley Financing Partnership
|
|
Delaware
|
Bradley Operating LLC
|
|
Delaware
|
BRE Mariner Bay Point LLC
|
|
Delaware
|
BRE Mariner Belfair II LLC
|
|
Delaware
|
BRE Mariner Belfair Town Village LLC
|
|
Delaware
|
BRE Mariner Carrollwood LLC
|
|
Delaware
|
BRE Mariner Chelsea Place LLC
|
|
Delaware
|
BRE Mariner Conway Crossing LLC
|
|
Delaware
|
BRE Mariner Dolphin Village LLC
|
|
Delaware
|
BRE Mariner Hunters Creek LLC
|
|
Delaware
|
BRE Mariner Lake St. Charles LLC
|
|
Delaware
|
BRE Mariner Marco Town Center LLC
|
|
Delaware
|
BRE Mariner Milestone Plaza LLC
|
|
Delaware
|
BRE Mariner Ross Plaza LLC
|
|
Delaware
|
BRE Mariner Salisbury Marketplace LP
|
|
Delaware
|
BRE Mariner Shops of Huntcrest LLC
|
|
Delaware
|
BRE Mariner Sunrise Town Center LLC
|
|
Delaware
|
BRE Mariner Venice Plaza LLC
|
|
Delaware
|
BRE Mariner Venice Shopping Center LLC
|
|
Delaware
|
BRE Mariner Winchester Plaza LLC
|
|
Delaware
|
BRE Retail Management GP Holdings LLC
|
|
Delaware
|
BRE Retail Management Holdings LLC
|
|
Delaware
|
BRE Retail NP Festival Centre Owner LLC
|
|
Delaware
|
BRE Retail NP Kimball Crossing Owner LLC
|
|
Delaware
|
BRE Retail NP Lexington Road Plaza Owner LLC
|
|
Delaware
|
BRE Retail NP Memphis Commons Owner LLC
|
|
Delaware
|
BRE Retail NP Mezz 1 LLC
|
|
Delaware
|
BRE Retail NP Mezz Holdco LLC
|
|
Delaware
|
BRE Retail NP Owner 1 LLC
|
|
Delaware
|
BRE Retail NP Shoppes at Hickory Hollow Owner LLC
|
|
Delaware
|
BRE Retail Residual Circle Center Owner LLC
|
|
Delaware
|
BRE Retail Residual GP Holdings LLC
|
|
Delaware
|
BRE Retail Residual Greeneville Commons Owner LLC
|
|
Delaware
|
BRE Retail Residual LP Holdings LLC
|
|
Delaware
|
BRE Retail Residual Mezz 1 LLC
|
|
Delaware
|
BRE Retail Residual Mezz 2 LLC
|
|
Delaware
|
BRE Retail Residual Mezz 3 LLC
|
|
Delaware
|
BRE Retail Residual Mezz 4 LLC
|
|
Delaware
|
BRE Retail Residual Mezz Holdco LLC
|
|
Delaware
|
BRE Retail Residual Mist Lake Plaza Owner LLC
|
|
Delaware
|
BRE Retail Residual MO Owner LLC
|
|
Delaware
|
BRE Retail Residual MO/SC Holdings Trust
|
|
Delaware
|
BRE Retail Residual NC GP Holdings LLC
|
|
Delaware
|
BRE Retail Residual NC LP Holdings LLC
|
|
Delaware
|
BRE Retail Residual NC Owner L.P.
|
|
Delaware
|
Legal Entity Name
|
|
State of Formation
|
BRE Retail Residual North Penn Market Place Holdings LLC
|
|
Delaware
|
BRE Retail Residual North Penn Market Place Owner LLC
|
|
Delaware
|
BRE Retail Residual OP 4 GP Holdings LLC
|
|
Delaware
|
BRE Retail Residual OP 5 GP Holdings LLC
|
|
Delaware
|
BRE Retail Residual OP 7-A GP Holdings LLC
|
|
Delaware
|
BRE Retail Residual Owner 1 LLC
|
|
Delaware
|
BRE Retail Residual Owner 2 LLC
|
|
Delaware
|
BRE Retail Residual Owner 3 LLC
|
|
Delaware
|
BRE Retail Residual Owner 4 LLC
|
|
Delaware
|
BRE Retail Residual Owner 5 LLC
|
|
Delaware
|
BRE Retail Residual Owner 6 LLC
|
|
Delaware
|
BRE Retail Residual Shoppes at Southside LLC
|
|
Delaware
|
BRE Retail Residual Shoppes at Valley Forge Holdings LLC
|
|
Delaware
|
BRE Retail Residual Shoppes at Valley Forge Owner LLC
|
|
Delaware
|
BRE Retail Residual TRS LLC
|
|
Delaware
|
BRE Retail Residual Woodbourne Square Owner LLC
|
|
Delaware
|
BRE Retail Residual Woodbourne Square Holdings LLC
|
|
Delaware
|
BRE Southeast Retail Mezz 1 LLC
|
|
Delaware
|
BRE Tarpon Dublin Village Holdings LLC
|
|
Delaware
|
BRE Tarpon Dublin Village LLC
|
|
Delaware
|
BRE Tarpon Eustis Village LLC
|
|
Delaware
|
BRE Tarpon Governors Town Square LLC
|
|
Delaware
|
BRE Tarpon Greensboro Village LLC
|
|
Delaware
|
BRE Tarpon Keith Bridge Commons LLC
|
|
Delaware
|
BRE Tarpon Midpoint Center LLC
|
|
Delaware
|
BRE Tarpon Salem Road Station Holdings LLC
|
|
Delaware
|
BRE Tarpon Salem Road Station LLC
|
|
Delaware
|
BRE Tarpon Shops of Lake Tuscaloosa LLC
|
|
Delaware
|
BRE Tarpon South Plaza LLC
|
|
Delaware
|
BRE Tarpon Vineyards at Chateau Elan LLC
|
|
Delaware
|
BRE Tarpon Whitaker Square II LLC
|
|
Delaware
|
BRE Tarpon Whitaker Square LLC
|
|
Delaware
|
BRE Tarpon Wilmington Island LLC
|
|
Delaware
|
BRE Throne Applegate Ranch LLC
|
|
Delaware
|
BRE Throne Beneva Village Shops LLC
|
|
Delaware
|
BRE Throne Clovis Commons LLC
|
|
Delaware
|
BRE Throne East Port Plaza LLC
|
|
Delaware
|
BRE Throne First Street Village LLC
|
|
Delaware
|
BRE Throne Frankfort Crossing LLC
|
|
Delaware
|
BRE Throne Garner Towne Center Square LP
|
|
Delaware
|
BRE Throne Holdings LLC
|
|
Delaware
|
BRE Throne Martin Downs Town Center LLC
|
|
Delaware
|
BRE Throne Martin Downs Village Center LLC
|
|
Delaware
|
BRE Throne Martin Downs Village Shoppes LLC
|
|
Delaware
|
BRE Throne Nashboro Village LLC
|
|
Delaware
|
BRE Throne Plaza Rio Vista LLC
|
|
Delaware
|
BRE Throne Preston Park LLC
|
|
Delaware
|
BRE Throne Property Holdings LLC
|
|
Delaware
|
BRE Throne Wadsworth Crossing LLC
|
|
Delaware
|
Brixmor 23rd Street Station Owner, LLC
|
|
Delaware
|
Brixmor Acquisition Company, LLC
|
|
Delaware
|
Brixmor Arbor Faire GP, LLC
|
|
Delaware
|
Brixmor Arbor Faire Owner, LP
|
|
Delaware
|
Brixmor Atlantic Plaza, LLC
|
|
Delaware
|
Brixmor Augusta West Plaza, LLC
|
|
Delaware
|
Brixmor Bardin Lessee LLC
|
|
Delaware
|
Brixmor Bardin Owner LLC
|
|
Delaware
|
Legal Entity Name
|
|
State of Formation
|
Brixmor Banks Station, LLC
|
|
Delaware
|
Brixmor Berkshire Crossing LLC
|
|
Delaware
|
Brixmor Bethel Park, LLC
|
|
Delaware
|
Brixmor Broadway Faire, L.P.
|
|
Delaware
|
Brixmor Burlington Square LLC
|
|
Delaware
|
Brixmor Capitol SC LLC
|
|
Delaware
|
Brixmor Cedar Plaza, LLC
|
|
Delaware
|
Brixmor Clark, LLC
|
|
Delaware
|
Brixmor Coconut Creek Owner, LLC
|
|
Delaware
|
Brixmor College Plaza LLC
|
|
Delaware
|
Brixmor County Line LLC
|
|
Delaware
|
Brixmor Courtyard at Georgetown LLC
|
|
Delaware
|
Brixmor Covington Gallery Owner, LLC
|
|
Delaware
|
Brixmor Creekwood SC, LLC
|
|
Delaware
|
Brixmor Cross Keys Commons LLC
|
|
Delaware
|
Brixmor Crystal Lake LLC
|
|
Delaware
|
Brixmor Dickson City Parcel Owner LLC
|
|
Delaware
|
Brixmor East Lake Pavilions, LLC
|
|
Delaware
|
Brixmor Eastlake SC, LLC
|
|
Delaware
|
Brixmor Employment Company, LLC
|
|
Delaware
|
Brixmor ERT, LLC
|
|
Delaware
|
Brixmor Exchange Property Owner IV, LLC
|
|
Delaware
|
Brixmor Fairview Corners LLC
|
|
Delaware
|
Brixmor Felicita Town Center LLC
|
|
Delaware
|
Brixmor Festival Center (IL) LLC
|
|
Delaware
|
Brixmor GA Albany Plaza LLC
|
|
Delaware
|
Brixmor GA America LLC
|
|
Delaware
|
Brixmor GA Apollo 1 LLC
|
|
Delaware
|
Brixmor GA Apollo 2 LLC
|
|
Delaware
|
Brixmor GA Apollo 3 LLC
|
|
Delaware
|
Brixmor GA Apollo 4 LLC
|
|
Delaware
|
Brixmor GA Apollo 5 LLC
|
|
Delaware
|
Brixmor GA Apollo 6 LLC
|
|
Delaware
|
Brixmor GA Apollo I Sub Holdings, LLC
|
|
Delaware
|
Brixmor GA Apollo I Sub LLC
|
|
Delaware
|
Brixmor GA Apollo I TX Holdings, LLC
|
|
Delaware
|
Brixmor GA Apollo II Sub LLC
|
|
Delaware
|
Brixmor GA Apollo II TX LLC
|
|
Delaware
|
Brixmor GA Apollo II TX LP
|
|
Delaware
|
Brixmor GA Apollo III Sub Holdings, LLC
|
|
Delaware
|
Brixmor GA Apollo III Sub LLC
|
|
Delaware
|
Brixmor GA Apollo III TX LLC
|
|
Delaware
|
Brixmor GA Apollo III TX LP
|
|
Delaware
|
Brixmor GA Apollo IV Sub LLC
|
|
Delaware
|
Brixmor GA Apollo Member LLC
|
|
Delaware
|
Brixmor GA Arlington Heights LLC
|
|
Delaware
|
Brixmor GA Chamberlain Plaza LLC
|
|
Delaware
|
Brixmor GA Chicopee Marketplace LLC
|
|
Massachusetts
|
Brixmor GA Chicopee Marketplace Member LLC
|
|
Delaware
|
Brixmor GA Coastal Landing (FL) LLC
|
|
Delaware
|
Brixmor GA Coastal Way LLC
|
|
Delaware
|
Brixmor GA Cobblestone Village at Royal Palm Beach, LLC
|
|
Florida
|
Brixmor GA Cobblestone Village at St. Augustine, LLC
|
|
Delaware
|
Brixmor GA Conyers LLC
|
|
Delaware
|
Brixmor GA Conyers Phase I Owner LLC
|
|
Delaware
|
Brixmor GA Conyers Phase II Owner LLC
|
|
Delaware
|
Brixmor GA Cosby Station LLC
|
|
Delaware
|
Legal Entity Name
|
|
State of Formation
|
Brixmor GA Delta Center (MI) LLC
|
|
Delaware
|
Brixmor GA Devonshire (NC) GP LLC
|
|
Delaware
|
Brixmor GA Devonshire (NC) LP
|
|
Delaware
|
Brixmor GA Dover Park Plaza, LLC
|
|
Delaware
|
Brixmor GA East Ridge Crossing LLC
|
|
Delaware
|
Brixmor GA Elizabethtown LLC
|
|
Delaware
|
Brixmor GA Fashion Corner, LLC
|
|
Delaware
|
Brixmor GA Fashion Square-Orange Park, LLC
|
|
Florida
|
Brixmor GA Financing 1 LLC
|
|
Delaware
|
Brixmor GA Freshwater/Stateline LLC
|
|
Delaware
|
Brixmor GA Galleria, LLC
|
|
Delaware
|
Brixmor GA Grand Central Plaza I LLC
|
|
Delaware
|
Brixmor GA Grand Central Plaza LLC
|
|
Delaware
|
Brixmor GA Grand Central Plaza LP
|
|
Delaware
|
Brixmor GA Green Acres (MI) LLC
|
|
Delaware
|
Brixmor GA Haymarket Square LLC
|
|
Delaware
|
Brixmor GA Hilltop Plaza, LLC
|
|
Delaware
|
Brixmor GA Holdings A LLC
|
|
Delaware
|
Brixmor GA Holdings B LLC
|
|
Delaware
|
Brixmor GA Holdings C LLC
|
|
Delaware
|
Brixmor GA Holdings D LLC
|
|
Delaware
|
Brixmor GA Holdings E LLC
|
|
Delaware
|
Brixmor GA Karam Shopping Center LLC
|
|
Delaware
|
Brixmor GA Kingston Overlook LLC
|
|
Delaware
|
Brixmor GA London Marketplace, LLC
|
|
Delaware
|
Brixmor GA Lunenburg Crossing LLC
|
|
Delaware
|
Brixmor GA Marketplace Wycliffe, LLC
|
|
Delaware
|
Brixmor GA Marwood Plaza, LLC
|
|
Delaware
|
Brixmor GA Member II LLC
|
|
Delaware
|
Brixmor GA Merchants Central GP LLC
|
|
Delaware
|
Brixmor GA Merchants Central LP
|
|
Delaware
|
Brixmor GA Moundsville LLC
|
|
Delaware
|
Brixmor GA Mount Houston TX LLC
|
|
Delaware
|
Brixmor GA Mount Houston TX LP
|
|
Delaware
|
Brixmor GA Non-Core TN LLC
|
|
Delaware
|
Brixmor GA Normandy Square, LLC
|
|
Delaware
|
Brixmor GA North Haven Crossing LLC
|
|
Delaware
|
Brixmor GA North Olmsted LLC
|
|
Delaware
|
Brixmor GA North Ridgeville LLC
|
|
Delaware
|
Brixmor GA Panama City, LLC
|
|
Delaware
|
Brixmor GA Paradise Plaza GP, LLC
|
|
Delaware
|
Brixmor GA Paradise Plaza Leasehold LLC
|
|
Delaware
|
Brixmor GA Paradise Plaza, LP
|
|
Delaware
|
Brixmor GA Parkway Plaza GP, LLC
|
|
Delaware
|
Brixmor GA Parkway Plaza, LP
|
|
Delaware
|
Brixmor GA PUT Portfolio LLC
|
|
Delaware
|
Brixmor GA Roundtree Place, LLC
|
|
Delaware
|
Brixmor GA San Dimas GP, LLC
|
|
Delaware
|
Brixmor GA San Dimas, LP
|
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Delaware
|
Brixmor GA SEA Member LLC
|
|
Delaware
|
Brixmor GA Seacoast Shopping Center LLC
|
|
Delaware
|
Brixmor GA Shops at Prospect GP LLC
|
|
Delaware
|
Brixmor GA Shops at Prospect LP
|
|
Delaware
|
Brixmor GA Shops at Prospect LP LLC
|
|
Delaware
|
Brixmor GA Southland Shopping Center LLC
|
|
Delaware
|
Brixmor GA Springdale Member LLC
|
|
Delaware
|
Brixmor GA Springdale/Mobile Limited Partnership
|
|
Alabama
|
Legal Entity Name
|
|
State of Formation
|
Brixmor GA Stratford Commons GP, LLC
|
|
Delaware
|
Brixmor GA Stratford Commons, LP
|
|
Delaware
|
Brixmor GA Streetsboro Crossing LLC
|
|
Delaware
|
Brixmor GA Sub LLC
|
|
Delaware
|
Brixmor GA Tuckernuck Square, LLC
|
|
Delaware
|
Brixmor GA Turnpike Plaza LLC
|
|
Delaware
|
Brixmor GA Vail Ranch GP, LLC
|
|
Delaware
|
Brixmor GA Vail Ranch, LP
|
|
Delaware
|
Brixmor GA Valley Commons LLC
|
|
Delaware
|
Brixmor GA Washtenaw Fountain, LLC
|
|
Delaware
|
Brixmor GA Waterbury LLC
|
|
Delaware
|
Brixmor GA Waterford Commons LLC
|
|
Delaware
|
Brixmor GA Westminster LLC
|
|
Delaware
|
Brixmor GA Wilkes-Barre LP
|
|
Delaware
|
Brixmor GA Wilkes-Barre Member I LLC
|
|
Delaware
|
Brixmor GA Wilkes-Barre Member LLC
|
|
Delaware
|
Brixmor GA Wilkes-Barre Sub LLC
|
|
Delaware
|
Brixmor GA Willow Springs Plaza LLC
|
|
Delaware
|
Brixmor Grand Traverse I LLC
|
|
Delaware
|
Brixmor Grand Traverse II LLC
|
|
Delaware
|
Brixmor Greentree SC, LLC
|
|
Delaware
|
Brixmor Hale Road LLC
|
|
Delaware
|
Brixmor Hamilton Plaza Owner, LLC
|
|
Delaware
|
Brixmor Hanover Square SC, LLC
|
|
Delaware
|
Brixmor Heritage Square LLC
|
|
Delaware
|
Brixmor Heritage Square MGR LLC
|
|
Delaware
|
Brixmor Highland Commons LLC
|
|
Delaware
|
Brixmor Holdings 1 SPE, LLC
|
|
Delaware
|
Brixmor Holdings 10 SPE, LLC
|
|
Delaware
|
Brixmor Holdings 11 SPE, LLC
|
|
Delaware
|
Brixmor Holdings 12 SPE, LLC
|
|
Delaware
|
Brixmor Holdings 3 SPE, LLC
|
|
Delaware
|
Brixmor Holdings 6 SPE, LLC
|
|
Delaware
|
Brixmor Holdings 8 SPE, LLC
|
|
Delaware
|
Brixmor HTG SPE 1 LLC
|
|
Delaware
|
Brixmor HTG SPE 5 LLC
|
|
Delaware
|
Brixmor HTG SPE MGR 1 LLC
|
|
Delaware
|
Brixmor III OP, LLC
|
|
Delaware
|
Brixmor Incap LLC
|
|
Delaware
|
Brixmor Innes Street LP
|
|
Delaware
|
Brixmor Ivyridge SC, LLC
|
|
Delaware
|
Brixmor Junior Mezz Holding, LLC
|
|
Delaware
|
Brixmor Larchmont LLC
|
|
Delaware
|
Brixmor Laurel Square Owner, LLC
|
|
Delaware
|
Brixmor Lehigh SC LLC
|
|
Delaware
|
Brixmor LLC
|
|
Maryland
|
Brixmor Long Meadow LLC
|
|
Delaware
|
Brixmor Mableton Walk, LLC
|
|
Delaware
|
Brixmor Management Joint Venture 2 Holding, LLC
|
|
Delaware
|
Brixmor Management Joint Venture 2, LLC
|
|
Delaware
|
Brixmor Management Joint Venture 2, LP
|
|
Delaware
|
Brixmor Management Joint Venture LP
|
|
Delaware
|
Brixmor Management NY LLC
|
|
Delaware
|
Brixmor Manchester I LLC
|
|
Delaware
|
Brixmor Manchester II LLC
|
|
Delaware
|
Brixmor Manchester III LLC
|
|
Delaware
|
Brixmor Marlton Plaza LLC
|
|
Delaware
|
Legal Entity Name
|
|
State of Formation
|
Brixmor MergerSub LLC
|
|
Delaware
|
Brixmor Metro 580 SC, L.P.
|
|
Delaware
|
Brixmor Miami Gardens, LLC
|
|
Delaware
|
Brixmor Middletown Plaza Owner, LLC
|
|
Delaware
|
Brixmor Miracle Mile, LLC
|
|
Delaware
|
Brixmor Monroe Plaza, LLC
|
|
Delaware
|
Brixmor Montebello Plaza GP, LLC
|
|
Delaware
|
Brixmor Montebello Plaza, L.P.
|
|
Delaware
|
Brixmor Morris Hills LLC
|
|
Delaware
|
Brixmor Naples SC LLC
|
|
Delaware
|
Brixmor NC Property GP LLC
|
|
Delaware
|
Brixmor New Centre LP
|
|
Delaware
|
Brixmor New Chastain Corners SC, LLC
|
|
Delaware
|
Brixmor New Garden Mezz 1, LLC
|
|
Delaware
|
Brixmor New Garden Mezz 2, LLC
|
|
Delaware
|
Brixmor New Garden SC Owner, LLC
|
|
Delaware
|
Brixmor Northern Hills LLC
|
|
Delaware
|
Brixmor Oakwood Commons LLC
|
|
Delaware
|
Brixmor Old Bridge LLC
|
|
Delaware
|
Brixmor OP GP LLC
|
|
Delaware
|
Brixmor OP Holdings 2, LLC
|
|
Delaware
|
Brixmor OP Holdings LLC
|
|
Delaware
|
Brixmor OP TRS LLC
|
|
Delaware
|
Brixmor Operating Partnership 16, LLC
|
|
Delaware
|
Brixmor Operating Partnership 2, LLC
|
|
Delaware
|
Brixmor Operating Partnership 4, L.P.
|
|
Delaware
|
Brixmor Operating Partnership 5, L.P.
|
|
Delaware
|
Brixmor Operating Partnership 7-A, LP
|
|
Delaware
|
Brixmor Operating Partnership, LLC
|
|
Delaware
|
Brixmor Operating Partnership LP
|
|
Delaware
|
Brixmor PA, LLC
|
|
Pennsylvania
|
Brixmor Paradise Pavilion, LLC
|
|
Delaware
|
Brixmor Park Shore Outparcel LLC
|
|
Delaware
|
Brixmor Park Shore SC LLC
|
|
Delaware
|
Brixmor Property Group Inc.
|
|
Maryland
|
Brixmor Property Owner II, LLC
|
|
Delaware
|
Brixmor Renaissance Center East, LLC
|
|
Delaware
|
Brixmor Residual Arapahoe Crossings LLC
|
|
Delaware
|
Brixmor Residual Brooksville Square, LLC
|
|
Delaware
|
Brixmor Residual Dickson City Crossings Member, LLC
|
|
Delaware
|
Brixmor Residual Dickson City Crossings, LLC
|
|
Delaware
|
Brixmor Residual Dillsburg SC Member, LLC
|
|
Delaware
|
Brixmor Residual Dillsburg SC, LLC
|
|
Delaware
|
Brixmor Residual Holding LLC
|
|
Delaware
|
Brixmor Residual Presidential Plaza, LLC
|
|
Delaware
|
Brixmor Residual Rising Sun, LLC
|
|
Delaware
|
Brixmor Residual Shoppes at Fox Run, LLC
|
|
Delaware
|
Brixmor Residual Shops of Riverdale, LLC
|
|
Delaware
|
Brixmor Residual Stone Mill Plaza Member, LLC
|
|
Delaware
|
Brixmor Residual Stone Mill Plaza, LLC
|
|
Delaware
|
Brixmor Ridgeview, LLC
|
|
Delaware
|
Brixmor Rivercrest LLC
|
|
Delaware
|
Brixmor Riverhead Development LLC
|
|
Delaware
|
Brixmor Roanoke Plaza LLC
|
|
Delaware
|
Brixmor Roosevelt Mall Owner, LLC
|
|
Delaware
|
Brixmor Rose Pavilion, L.P.
|
|
Delaware
|
Brixmor Royal Oaks GP LLC
|
|
Delaware
|
Legal Entity Name
|
|
State of Formation
|
Brixmor Royal Oaks L.P.
|
|
Delaware
|
Brixmor Seminole Plaza Owner, LLC
|
|
Delaware
|
Brixmor Senior Mezz Holding, LLC
|
|
Delaware
|
Brixmor Silver Pointe, LLC
|
|
Delaware
|
Brixmor Skyway Plaza, LLC
|
|
Delaware
|
Brixmor Slater Street LLC
|
|
Delaware
|
Brixmor Southeast Retail Manager, LLC
|
|
Delaware
|
Brixmor Southport Centre LLC
|
|
Delaware
|
Brixmor SPE 1 LLC
|
|
Delaware
|
Brixmor SPE 2 LLC
|
|
Delaware
|
Brixmor SPE 3 LLC
|
|
Delaware
|
Brixmor SPE 4 LLC
|
|
Delaware
|
Brixmor SPE 5 LLC
|
|
Delaware
|
Brixmor SPE 6 LLC
|
|
Delaware
|
Brixmor SPE MGR 1 LLC
|
|
Delaware
|
Brixmor Spradlin Farm LLC
|
|
Delaware
|
Brixmor Spring Mall Limited Partnership
|
|
Delaware
|
Brixmor Spring Mall, LLC
|
|
Delaware
|
Brixmor St. Francis Plaza LLC
|
|
Delaware
|
Brixmor STN LLC
|
|
Delaware
|
Brixmor Stockbridge Village, LLC
|
|
Delaware
|
Brixmor Stone Mountain, LLC
|
|
Delaware
|
Brixmor Sunshine Square LLC
|
|
Delaware
|
Brixmor Surrey Square Mall, LLC
|
|
Delaware
|
Brixmor Sweetwater Village, LLC
|
|
Delaware
|
Brixmor Tarpon Mall, LLC
|
|
Delaware
|
Brixmor Throne Retail Manager LLC
|
|
Delaware
|
Brixmor Tinton Falls, LLC
|
|
Delaware
|
Brixmor Tri City Plaza LLC
|
|
Delaware
|
Brixmor Trinity Commons SPE Limited Partnership
|
|
Delaware
|
Brixmor Trinity Commons SPE MGR LLC
|
|
Delaware
|
Brixmor UC Greenville LLC
|
|
Delaware
|
Brixmor Venetian Isle LLC
|
|
Delaware
|
Brixmor Ventura Downs Owner, LLC
|
|
Delaware
|
Brixmor Victory Square, LLC
|
|
Delaware
|
Brixmor Warminster SPE LLC
|
|
Delaware
|
Brixmor Watson Glen LLC
|
|
Delaware
|
Brixmor Webster Square LLC
|
|
Delaware
|
Brixmor Wendover Place LLC
|
|
Delaware
|
Brixmor Westgate-Dublin, LLC
|
|
Delaware
|
Brixmor Williamson Square GP LLC
|
|
Delaware
|
Brixmor Winwood Town Center, LLC
|
|
Delaware
|
Brixmor Wolfcreek I LLC
|
|
Delaware
|
Brixmor Wolfcreek II LLC
|
|
Delaware
|
Brixmor Wolfcreek III LLC
|
|
Delaware
|
Brixmor Wolfcreek IV LLC
|
|
Delaware
|
Brixmor/IA 18 Mile & Ryan, LLC
|
|
Delaware
|
Brixmor/IA Bennetts Mills Plaza, LLC
|
|
Delaware
|
Brixmor/IA Brunswick Town Center, LLC
|
|
Delaware
|
Brixmor/IA Cayuga Plaza, LLC
|
|
Delaware
|
Brixmor/IA Central Station, LLC
|
|
Delaware
|
Brixmor/IA Centre at Navarro, LLC
|
|
Delaware
|
Brixmor/IA Clearwater Mall, LLC
|
|
Delaware
|
Brixmor/IA Colonial Marketplace, LLC
|
|
Delaware
|
Brixmor/IA Columbus Center, LLC
|
|
Delaware
|
Brixmor/IA Commerce Central, LLC
|
|
Delaware
|
Brixmor/IA Crossroads Center, LLC
|
|
Delaware
|
Legal Entity Name
|
|
State of Formation
|
Brixmor/IA Delco Plaza, LLC
|
|
Delaware
|
Brixmor/IA Downtown Publix, LLC
|
|
Delaware
|
Brixmor/IA Georgetown Square, LLC
|
|
Delaware
|
Brixmor/IA Lake Drive Plaza, LLC
|
|
Delaware
|
Brixmor/IA Northeast Plaza, LLC
|
|
Delaware
|
Brixmor/IA Payton Park, LLC
|
|
Delaware
|
Brixmor/IA Points West SC, LLC
|
|
Delaware
|
Brixmor/IA Quentin Collection, LLC
|
|
Delaware
|
Brixmor/IA Regency Park SC, LLC
|
|
Delaware
|
Brixmor/IA Rutland Plaza, LLC
|
|
Delaware
|
Brixmor/IA Southfield (MI) SC, LLC
|
|
Delaware
|
Brixmor/IA Southfield Plaza, LLC
|
|
Delaware
|
Brixmor/IA Spencer Square, LLC
|
|
Delaware
|
Brixmor/IA Tinley Park Plaza, LLC
|
|
Delaware
|
Brixmor/IA JV Manager, LLC
|
|
Delaware
|
Brixmor/IA JV Pool A, LLC
|
|
Delaware
|
Brixmor/IA JV Pool B, LLC
|
|
Delaware
|
Brixmor/IA JV Pool C, LLC
|
|
Delaware
|
Brixmor/IA JV Property Manager, LLC
|
|
Delaware
|
Brixmor/IA JV, LLC
|
|
Delaware
|
Brixmor/IA Member, LLC
|
|
Delaware
|
Brixmor-Lakes Crossing, LLC
|
|
Delaware
|
BRX Mamaroneck Parcel LLC
|
|
Delaware
|
CA New Plan Asset LLC
|
|
Delaware
|
CA New Plan Asset Partnership IV, L.P.
|
|
Delaware
|
CA New Plan Fixed Rate Partnership, L.P.
|
|
Delaware
|
CA New Plan Fixed Rate SPE LLC
|
|
Delaware
|
CA New Plan IV
|
|
Maryland
|
CA New Plan Sarasota Holdings SPE, LLC
|
|
Delaware
|
CA New Plan Sarasota, L.P.
|
|
Delaware
|
CA New Plan Texas Assets, L.P.
|
|
Delaware
|
CA New Plan Texas Assets, LLC
|
|
Delaware
|
CA New Plan V
|
|
Maryland
|
CA New Plan Venture Direct Investment Fund, LLC
|
|
Delaware
|
CA New Plan Venture Fund, LLC
|
|
Delaware
|
CA New Plan Venture Partner
|
|
Maryland
|
CA New Plan VI
|
|
Maryland
|
CA New Plan Victoria Holdings SPE, LLC
|
|
Delaware
|
CA New Plan Victoria, L.P.
|
|
Delaware
|
CA New Plan Villa Monaco Holdings SPE, LLC
|
|
Delaware
|
CA New Plan Villa Monaco, L.P.
|
|
Delaware
|
California Mezz 1, LLC
|
|
Delaware
|
California Mezz 2, LLC
|
|
Delaware
|
California Mezz Holdings, LLC
|
|
Delaware
|
California Property Owner I, LLC
|
|
Delaware
|
Campus Village IDOT LLC
|
|
Delaware
|
Campus Village Shopping Center Joint Venture
|
|
Delaware
|
Cedar Crest Associates L.P.
|
|
Pennsylvania
|
Cedar Crest GP, LLC
|
|
Delaware
|
Centro GA Enfield Stop & Shop LLC
|
|
Delaware
|
Century Plaza Associates, L.P.
|
|
Delaware
|
Chalfont Plaza Associates, L.P.
|
|
Delaware
|
Chalfont Plaza LLC
|
|
Delaware
|
Cherry Square MCV Associates, L.P.
|
|
Delaware
|
Cherry Square MCV L.L.C.
|
|
Delaware
|
Collegeville Plaza Associates, L.P.
|
|
Delaware
|
Collegeville Plaza LLC
|
|
Delaware
|
Legal Entity Name
|
|
State of Formation
|
County Line Plaza Realty Associates, L.P.
|
|
Delaware
|
County Line Plaza Realty LLC
|
|
Delaware
|
CP General Partner, LLC
|
|
Delaware
|
Cudahy Acquisition LLC *
|
|
Delaware
|
Culpeper Shopping Center Joint Venture
|
|
Delaware
|
CV GP L.P.
|
|
Delaware
|
CV GP LLC
|
|
Delaware
|
CW A & P Mamaroneck LLC
|
|
Delaware
|
CW Bensalem II GP LLC
|
|
Delaware
|
CW Bensalem II LP
|
|
Delaware
|
CW Bensalem Square GP LLC
|
|
Delaware
|
CW Bensalem Square LP
|
|
Delaware
|
CW Dover LLC
|
|
Delaware
|
CW Dover Manager LLC
|
|
Delaware
|
CW Groton Square LLC
|
|
Delaware
|
CW Highridge Plaza LLC
|
|
Delaware
|
CW Milford LLC
|
|
Delaware
|
CW North Ridge Plaza LLC
|
|
Delaware
|
CW Park Hills Plaza GP LLC
|
|
Delaware
|
CW Park Hills Plaza LP
|
|
Delaware
|
CW Parkway Plaza LLC
|
|
Delaware
|
CW Parkway Plaza Manager LLC
|
|
Delaware
|
CW Pilgrim Gardens GP LLC
|
|
Delaware
|
CW Pilgrim Gardens Holding GP LLC
|
|
Delaware
|
CW Pilgrim Gardens Holding LP
|
|
Delaware
|
CW Pilgrim Gardens LP
|
|
Delaware
|
CW Plymouth Plaza Holding GP LLC
|
|
Delaware
|
CW Plymouth Plaza Holding LP
|
|
Delaware
|
CW Plymouth Plaza Holding Parent LLC
|
|
Delaware
|
CW Port Washington LLC
|
|
Delaware
|
CW Village Square LLC
|
|
Delaware
|
CWAR 14 LLC
|
|
Delaware
|
CWAR 15 LLC
|
|
Delaware
|
CWOP 2 Mansell Pad Site LLC
|
|
Delaware
|
ERP Australian Member, LLC
|
|
Delaware
|
ERP Hillcrest, LLC
|
|
Delaware
|
ERP Mingo Marketplace, LLC
|
|
Delaware
|
ERP Nevada, LLC
|
|
Delaware
|
ERP New Britain GP, LLC
|
|
Delaware
|
ERP New Britain Holdings, LP
|
|
Delaware
|
ERP New Britain Mezz GP, LLC
|
|
Delaware
|
ERP New Britain Property Owner, L.P.
|
|
Delaware
|
ERP of Midway, LLC
|
|
Delaware
|
ERT 163rd Street Mall, LLC
|
|
Delaware
|
ERT Australian Management, LP
|
|
Delaware
|
ERT Development LLC
|
|
Delaware
|
ERT Southland LLC
|
|
Delaware
|
Excel Realty Partners, L.P.
|
|
Delaware
|
Excel Realty Trust - NC
|
|
Delaware
|
Florence Square LLC
|
|
Delaware
|
Fox Run Limited Partnership
|
|
Alabama
|
Fox Run LLC
|
|
Delaware
|
Gilbertsville Plaza Associates, L.P.
|
|
Delaware
|
Gilbertsville Plaza LLC
|
|
Delaware
|
Glenmont Associates Limited Partnership
|
|
Pennsylvania
|
Glenmont LLC
|
|
Delaware
|
Grove Court Shopping Center LLC
|
|
Delaware
|
Legal Entity Name
|
|
State of Formation
|
Harpers Corner Parcel LLC
|
|
Delaware
|
Heritage County Line Plaza SPE LLC
|
|
Delaware
|
Heritage County Line Plaza SPE MGR LLC
|
|
Delaware
|
Heritage Hale Road LLC
|
|
Delaware
|
Heritage HR Manager LLC
|
|
Delaware
|
Heritage Property Investment Limited Partnership
|
|
Delaware
|
Heritage Realty Management, LLC
|
|
Delaware
|
Heritage Realty Special L.P., LLC
|
|
Delaware
|
Heritage Southwest GP LLC
|
|
Delaware
|
Heritage Southwest Limited Partnership
|
|
Delaware
|
Heritage SPE LLC
|
|
Delaware
|
Heritage SPE MGR LLC
|
|
Delaware
|
Heritage SPE MGR Manager, LLC
|
|
Delaware
|
Heritage-Westwood La Vista LLC
|
|
Delaware
|
HK New Plan Arvada Plaza, LLC
|
|
Delaware
|
HK New Plan Covered Sun, LLC
|
|
Delaware
|
HK New Plan ERP Property Holdings, LLC
|
|
Delaware
|
HK New Plan Exchange Property Holdings I, LLC
|
|
Delaware
|
HK New Plan Exchange Property Owner II, LP
|
|
Delaware
|
HK New Plan Hunt River Commons, LLC
|
|
Delaware
|
HK New Plan Lower Tier OH, LLC
|
|
Delaware
|
HK New Plan Macon Chapman TRS GP LLC
|
|
Delaware
|
HK New Plan Mid Tier OH, L.P.
|
|
Delaware
|
HK New Plan STH Mid Tier I, LLC
|
|
Delaware
|
HK New Plan STH Upper Tier I, LLC
|
|
Delaware
|
HK New Plan STH Upper Tier II Company
|
|
Maryland
|
HK New Plan Vineyards GP LLC
|
|
Delaware
|
HK New Plan Vineyards, LP
|
|
Delaware
|
Killingly Plaza LLC
|
|
Delaware
|
Killingly Plaza Manager LLC
|
|
Delaware
|
KOP Kline Plaza LLC
|
|
Delaware
|
KOP Kline Plaza Manager LLC
|
|
Delaware
|
KOP Perkins Farm Marketplace LLC
|
|
Delaware
|
KOP Vestal Venture LLC
|
|
Delaware
|
KR 69th Street GP LLC
|
|
Delaware
|
KR 69th Street, L.P.
|
|
Pennsylvania
|
KR Barn GP LLC
|
|
Delaware
|
KR Barn, L.P.
|
|
Pennsylvania
|
KR Best Associates GP LLC
|
|
Delaware
|
KR Best Associates, L.P.
|
|
Pennsylvania
|
KR Campus GP LLC
|
|
Delaware
|
KR Campus II GP LLC
|
|
Delaware
|
KR Collegetown LLC
|
|
Delaware
|
KR Collegetown Manager LLC
|
|
Delaware
|
KR Culpeper GP LLC
|
|
Delaware
|
KR Culpeper II GP LLC
|
|
Delaware
|
KR Fox Run GP LLC
|
|
Delaware
|
KR Holcomb LLC
|
|
Delaware
|
KR Holcomb Manager LLC
|
|
Delaware
|
KR Mableton LLC
|
|
Delaware
|
KR Mableton Manager LLC
|
|
Delaware
|
KR Morganton LP
|
|
Delaware
|
KR Morganton Manager LLC
|
|
Delaware
|
KR Northpark Associates GP LLC
|
|
Delaware
|
KR Park Plaza LLC
|
|
Delaware
|
KR Park Plaza Manager LLC
|
|
Delaware
|
KR Stratford LLC
|
|
Delaware
|
Legal Entity Name
|
|
State of Formation
|
KR Stratford Manager LLC
|
|
Delaware
|
Kramont Operating Partnership, L.P.
|
|
Delaware
|
KRT Property Holdings LLC
|
|
Delaware
|
KRT Property Holdings Manager LLC
|
|
Delaware
|
Lakewood Plaza 9 Associates, L.P.
|
|
Delaware
|
Marlton Plaza Associates II, L.P.
|
|
Delaware
|
Marlton Plaza Associates, L.P.
|
|
Delaware
|
Marlton Plaza II LLC
|
|
Delaware
|
Montgomery CV Realty L.P.
|
|
Delaware
|
Mount Carmel Plaza Associates, L.P.
|
|
Delaware
|
Mount Carmel Plaza LLC
|
|
Delaware
|
NC Properties #1, LLC
|
|
Delaware
|
NC Properties #2, LLC
|
|
Delaware
|
New Holland Plaza Associates, L.P.
|
|
Delaware
|
New Holland Plaza LLC
|
|
Delaware
|
New Plan Australian Member, LLC
|
|
Delaware
|
New Plan Cinnaminson Urban Renewal, L.L.C.
|
|
New Jersey
|
New Plan Disbursing LLC
|
|
Delaware
|
New Plan DRP Trust
|
|
Maryland
|
New Plan ERP Limited Partner Company
|
|
Maryland
|
New Plan ERT HD Ohio, LLC
|
|
Delaware
|
New Plan ERT Tyrone Gardens, LLC
|
|
Delaware
|
New Plan Florida Holdings, LLC
|
|
Delaware
|
New Plan Hampton Village, LLC
|
|
Delaware
|
New Plan Institutional Retail Partner II, LLC
|
|
Delaware
|
New Plan Maryland Holdings, LLC
|
|
Delaware
|
New Plan of Arlington Heights, LLC
|
|
Delaware
|
New Plan of Cinnaminson GP, LLC
|
|
Delaware
|
New Plan of Cinnaminson LP
|
|
Delaware
|
New Plan of Michigan Member, LLC
|
|
Delaware
|
New Plan of New Garden, LLC
|
|
Delaware
|
New Plan of West Ridge, LLC
|
|
Delaware
|
New Plan Pennsylvania Holdings, LLC
|
|
Delaware
|
New Plan Property Holding Company
|
|
Maryland
|
New Plan Realty Trust, LLC
|
|
Delaware
|
NewSem Tyrone Gardens Property Owner, LLC
|
|
Delaware
|
NewSem Tyrone Gardens, LLC
|
|
Delaware
|
Newtown Village Plaza Associates L.P.
|
|
Delaware
|
Newtown Village Plaza LLC
|
|
Delaware
|
Northeast Plaza Outparcel Owner LLC *
|
|
Delaware
|
Northpark Associates, L.P.
|
|
Georgia
|
NP/I & G Montecito Marketplace Phase I, LLC
|
|
Delaware
|
NP/I & G Montecito Marketplace Phase II, LLC
|
|
Delaware
|
NP/I&G Institutional Retail Company II, LLC
|
|
Delaware
|
Orange Plaza LLC
|
|
Delaware
|
Orange Plaza Manager LLC
|
|
Delaware
|
Plymouth Plaza Associates, L.P.
|
|
Delaware
|
Plymouth Plaza LLC
|
|
Delaware
|
Pointe Orlando Development Company
|
|
Delaware
|
Rio Grande Associates
|
|
Pennsylvania
|
Rio Grande Plaza LLC
|
|
Delaware
|
Salmon Run Plaza LLC
|
|
Delaware
|
Springfield Parcel LLC
|
|
Delaware
|
Springfield Supermarket LLC
|
|
Delaware
|
The Shoppes at Wycliffe Property Owners’ Association, Inc.
|
|
Delaware
|
Springfield Supermarket Manager LLC
|
|
Delaware
|
Super LLC
|
|
Maryland
|
Legal Entity Name
|
|
State of Formation
|
Vestal Campus Plaza LLC
|
|
Delaware
|
Vestal Parkway Plaza LLC
|
|
Delaware
|
Vestal Retail Holdings, L.L.C.
|
|
Delaware
|
Vestal Shoppes LLC
|
|
Delaware
|
Vestal Shoppes LLC
|
|
Delaware
|
Vestal Town Square LLC
|
|
Delaware
|
Vestal Town Square Manager LLC
|
|
Delaware
|
Village Plaza LLC
|
|
Delaware
|
Village Plaza Manager LLC
|
|
Delaware
|
Werk Road Acquisition LLC
|
|
Delaware
|
Williamson Square Associates Limited Partnership
|
|
Illinois
|
(1)
|
Registration Statement (Form S-8) No. 333-191971) pertaining to the Brixmor Property Group Inc. 2013 Omnibus Incentive Plan,
|
(2)
|
Registration Statement (Form S-3 No. 333-200057),
|
(3)
|
Registration Statement (Form S-3 No. 333-200084),
|
(4)
|
Registration Statement (Form S-3 No. 333-200086), and
|
(5)
|
Registration Statement (Form S-3 No. 333-201464);
|
1.
|
I have reviewed this annual report on Form 10-K for the period ended December 31, 2016 of Brixmor Property Group Inc.;
|
2.
|
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
|
3.
|
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
|
4.
|
The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
|
a.
|
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
|
b.
|
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
|
c.
|
Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
|
d.
|
Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
|
5.
|
The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
|
a.
|
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
|
b.
|
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
|
Date: February 13, 2017
|
|
|
/s/James M. Taylor
|
|
Chief Executive Officer and President
|
|
(Principal Executive Officer)
|
1.
|
I have reviewed this annual report on Form 10-K for the period ended December 31, 2016 of Brixmor Property Group Inc.;
|
2.
|
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
|
3.
|
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
|
4.
|
The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
|
a.
|
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
|
b.
|
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
|
c.
|
Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
|
d.
|
Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
|
5.
|
The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
|
a.
|
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
|
b.
|
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
|
Date: February 13, 2017
|
|
|
/s/Angela Aman
|
|
Chief Financial Officer
|
|
(Principal Financial Officer)
|
1.
|
I have reviewed this annual report on Form 10-K for the period ended December 31, 2016 of Brixmor Operating Partnership LP;
|
2.
|
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
|
3.
|
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
|
4.
|
The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
|
a.
|
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
|
b.
|
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
|
c.
|
Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
|
d.
|
Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
|
5.
|
The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
|
a.
|
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
|
b.
|
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
|
Date: February 13, 2017
|
|
|
/s/James M. Taylor
|
|
Chief Executive Officer and President
|
|
(Principal Executive Officer)
|
1.
|
I have reviewed this annual report on Form 10-K for the period ended December 31, 2016 of Brixmor Operating Partnership LP;
|
2.
|
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
|
3.
|
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
|
4.
|
The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
|
a.
|
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
|
b.
|
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
|
c.
|
Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
|
d.
|
Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
|
5.
|
The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
|
a.
|
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
|
b.
|
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
|
Date: February 13, 2017
|
|
|
/s/Angela Aman
|
|
Chief Financial Officer
|
|
(Principal Financial Officer)
|
•
|
The Report fully complies with the requirements of Section 13(a) or 15(d), as applicable of the Securities Exchange Act of 1934, as amended; and
|
•
|
The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company for the periods presented therein.
|
Date: February 13, 2017
|
|
|
/s/James M. Taylor
|
|
Chief Executive Officer and President
|
|
(Principal Executive Officer)
|
|
|
|
/s/Angela Aman
|
|
Chief Financial Officer
|
|
(Principal Financial Officer)
|
•
|
The Report fully complies with the requirements of Section 13(a) or 15(d), as applicable of the Securities Exchange Act of 1934, as amended; and
|
•
|
The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Operating Partnership for the periods presented therein.
|
Date: February 13, 2017
|
|
|
/s/James M. Taylor
|
|
Chief Executive Officer and President
|
|
(Principal Executive Officer)
|
|
|
|
/s/Angela Aman
|
|
Chief Financial Officer
|
|
(Principal Financial Officer)
|
|
Property Name
|
|
City
|
|
State
|
|
Metropolitan Statistical Area
|
|
Year
Built
|
|
GLA
|
|
% Leased
|
|
ABR (,000's)
|
|
ABR/SF (1)
|
|
Grocer (2)
|
|
Other Major Tenants
|
|
Non-Owned Major Tenants
|
||||||
1
|
|
Winchester Plaza
|
|
Huntsville
|
|
AL
|
|
Huntsville, AL
|
|
2006
|
|
75,780
|
|
96.2%
|
|
|
$
|
949
|
|
|
$
|
13.02
|
|
|
Publix
|
|
—
|
|
|
2
|
|
Springdale
|
|
Mobile
|
|
AL
|
|
Mobile, AL
|
|
2004
|
|
606,731
|
|
88.5%
|
|
|
3,685
|
|
|
10.21
|
|
|
Sam's Club*
|
|
Big Lots, Burlington Stores, Marshalls, Michaels, Staples
|
|
|
||
3
|
|
Payton Park
|
|
Sylacauga
|
|
AL
|
|
Talladega-Sylacauga, AL
|
|
1995
|
|
231,820
|
|
100.0%
|
|
|
1,612
|
|
|
6.95
|
|
|
Walmart Supercenter
|
|
Burke's Outlet
|
|
|
||
4
|
|
Shops of Tuscaloosa
|
|
Tuscaloosa
|
|
AL
|
|
Tuscaloosa, AL
|
|
2005
|
|
70,242
|
|
94.4%
|
|
|
874
|
|
|
13.17
|
|
|
Publix
|
|
—
|
|
|
||
5
|
|
Glendale Galleria
|
|
Glendale
|
|
AZ
|
|
Phoenix-Mesa-Scottsdale, AZ
|
|
1991
|
|
119,525
|
|
70.3%
|
|
|
1,098
|
|
|
13.07
|
|
|
—
|
|
LA Fitness, Sears Outlet
|
|
|
||
6
|
|
Northmall Centre
|
|
Tucson
|
|
AZ
|
|
Tucson, AZ
|
|
1996
|
|
168,585
|
|
84.8%
|
|
|
1,694
|
|
|
11.85
|
|
|
Sam's Club*
|
|
CareMore, JC Penney Home Store, Stein Mart
|
|
|
||
7
|
|
Applegate Ranch Shopping Center
|
|
Atwater
|
|
CA
|
|
Merced, CA
|
|
2006
|
|
147,557
|
|
100.0%
|
|
|
2,418
|
|
|
16.39
|
|
|
SuperTarget*, Walmart Supercenter*
|
|
Marshalls, Petco
|
|
|
||
8
|
|
Bakersfield Plaza
|
|
Bakersfield
|
|
CA
|
|
Bakersfield, CA
|
|
1970
|
|
240,328
|
|
95.7%
|
|
|
3,191
|
|
|
14.13
|
|
|
Lassens Natural Foods & Vitamins
|
|
Burlington Stores, Ross Dress for Less
|
|
|
||
9
|
|
Carmen Plaza
|
|
Camarillo
|
|
CA
|
|
Oxnard-Thousand Oaks-Ventura, CA
|
|
2000
|
|
129,173
|
|
94.4%
|
|
|
2,067
|
|
|
17.92
|
|
|
Trader Joe's*
|
|
24 Hour Fitness, CVS, Michaels
|
|
|
||
10
|
|
Plaza Rio Vista
|
|
Cathedral
|
|
CA
|
|
Riverside-San Bernardino-Ontario, CA
|
|
2005
|
|
67,621
|
|
93.7%
|
|
|
1,127
|
|
|
17.79
|
|
|
Stater Bros.
|
|
—
|
|
|
||
11
|
|
Clovis Commons
|
|
Clovis
|
|
CA
|
|
Fresno, CA
|
|
2004
|
|
174,990
|
|
100.0%
|
|
|
3,991
|
|
|
22.81
|
|
|
—
|
|
Best Buy, Office Depot, PetSmart, T.J.Maxx
|
|
Target
|
||
12
|
|
Cudahy Plaza
|
|
Cudahy
|
|
CA
|
|
Los Angeles-Long Beach-Anaheim, CA
|
|
1994
|
|
147,804
|
|
98.0%
|
|
|
1,291
|
|
|
8.92
|
|
|
—
|
|
Big Lots, Kmart
|
|
|
||
13
|
|
University Mall
|
|
Davis
|
|
CA
|
|
Sacramento--Roseville--Arden-Arcade, CA
|
|
1964
|
|
103,695
|
|
95.3%
|
|
|
1,833
|
|
|
18.56
|
|
|
Trader Joe's
|
|
Forever 21, World Market
|
|
|
||
14
|
|
Felicita Plaza
|
|
Escondido
|
|
CA
|
|
San Diego-Carlsbad, CA
|
|
2001
|
|
98,594
|
|
100.0%
|
|
|
1,410
|
|
|
14.30
|
|
|
Vons (Albertsons)
|
|
Chuze Fitness
|
|
|
||
15
|
|
Felicita Town Center
|
|
Escondido
|
|
CA
|
|
San Diego-Carlsbad, CA
|
|
1987
|
|
126,502
|
|
95.0%
|
|
|
2,648
|
|
|
22.04
|
|
|
Major Market, Trader Joe's
|
|
Rite Aid
|
|
|
||
16
|
|
Arbor - Broadway Faire
|
|
Fresno
|
|
CA
|
|
Fresno, CA
|
|
1995
|
|
261,344
|
|
98.3%
|
|
|
3,700
|
|
|
14.41
|
|
|
Smart & Final Extra!
|
|
PetSmart, The Home Depot, United Artists Theatres
|
|
|
||
17
|
|
Lompoc Center
|
|
Lompoc
|
|
CA
|
|
Santa Maria-Santa Barbara, CA
|
|
1960
|
|
179,549
|
|
100.0%
|
|
|
1,952
|
|
|
11.72
|
|
|
Vons (Albertsons)
|
|
Harbor Freight Tools, Marshalls, Michaels, Staples
|
|
|
||
18
|
|
Briggsmore Plaza
|
|
Modesto
|
|
CA
|
|
Modesto, CA
|
|
1998
|
|
92,315
|
|
100.0%
|
|
|
1,182
|
|
|
13.55
|
|
|
Grocery Outlet
|
|
Fallas Paredes, Sears Outlet
|
|
|
||
19
|
|
Montebello Plaza
|
|
Montebello
|
|
CA
|
|
Los Angeles-Long Beach-Anaheim, CA
|
|
1974
|
|
283,631
|
|
98.0%
|
|
|
4,849
|
|
|
17.79
|
|
|
Albertsons
|
|
99¢ Only, Best Buy, CVS, Ross Dress for Less
|
|
|
||
20
|
|
California Oaks Center
|
|
Murrieta
|
|
CA
|
|
Riverside-San Bernardino-Ontario, CA
|
|
1990
|
|
124,481
|
|
98.6%
|
|
|
1,991
|
|
|
16.75
|
|
|
Barons Market
|
|
Crunch Fitness, Dollar Tree
|
|
|
||
21
|
|
Esplanade Shopping Center
|
|
Oxnard
|
|
CA
|
|
Oxnard-Thousand Oaks-Ventura, CA
|
|
2002
|
|
356,864
|
|
100.0%
|
|
|
6,937
|
|
|
19.61
|
|
|
Walmart Neighborhood Market
|
|
Bed Bath & Beyond, Dick's Sporting Goods, LA Fitness, Nordstrom Rack, T.J.Maxx
|
|
The Home Depot
|
||
22
|
|
Pacoima Center
|
|
Pacoima
|
|
CA
|
|
Los Angeles-Long Beach-Anaheim, CA
|
|
1995
|
|
202,773
|
|
100.0%
|
|
|
2,100
|
|
|
10.36
|
|
|
Food 4 Less (Kroger)
|
|
Ross Dress for Less, Target
|
|
|
||
23
|
|
Paradise Plaza
|
|
Paradise
|
|
CA
|
|
Chico, CA
|
|
1997
|
|
198,323
|
|
97.5%
|
|
|
944
|
|
|
7.91
|
|
|
Save Mart
|
|
Kmart
|
|
|
||
24
|
|
Metro 580
|
|
Pleasanton
|
|
CA
|
|
San Francisco-Oakland-Hayward, CA
|
|
1996
|
|
177,573
|
|
98.9%
|
|
|
2,639
|
|
|
32.96
|
|
|
—
|
|
Kohl's, Orchard Supply Hardware, Party City
|
|
Walmart
|
||
25
|
|
Rose Pavilion
|
|
Pleasanton
|
|
CA
|
|
San Francisco-Oakland-Hayward, CA
|
|
2017
|
|
329,003
|
|
95.5%
|
|
|
6,984
|
|
|
22.28
|
|
|
99 Ranch Market, Trader Joe's
|
|
Golfsmith, Macy's Home Store, Total Wine & More
|
|
|
||
26
|
|
Puente Hills Town Center
|
|
Rowland Heights
|
|
CA
|
|
Los Angeles-Long Beach-Anaheim, CA
|
|
1984
|
|
258,685
|
|
97.9%
|
|
|
5,524
|
|
|
21.81
|
|
|
—
|
|
Marshalls, Michaels
|
|
|
||
27
|
|
San Bernardino Center
|
|
San Bernardino
|
|
CA
|
|
Riverside-San Bernardino-Ontario, CA
|
|
2003
|
|
143,082
|
|
100.0%
|
|
|
1,079
|
|
|
7.54
|
|
|
—
|
|
Big Lots, Target
|
|
|
||
28
|
|
Ocean View Plaza
|
|
San Clemente
|
|
CA
|
|
Los Angeles-Long Beach-Anaheim, CA
|
|
1990
|
|
169,963
|
|
100.0%
|
|
|
4,704
|
|
|
27.68
|
|
|
Ralphs (Kroger), Trader Joe's
|
|
Crunch Fitness, CVS
|
|
|
||
29
|
|
Mira Mesa Mall
|
|
San Diego
|
|
CA
|
|
San Diego-Carlsbad, CA
|
|
2003
|
|
408,800
|
|
98.0%
|
|
|
7,895
|
|
|
20.51
|
|
|
Vons (Albertsons)
|
|
Bed Bath & Beyond, Marshalls, Mira Mesa Lanes
|
|
|
||
30
|
|
San Dimas Plaza
|
|
San Dimas
|
|
CA
|
|
Los Angeles-Long Beach-Anaheim, CA
|
|
1986
|
|
164,757
|
|
100.0%
|
|
|
3,633
|
|
|
22.05
|
|
|
Smart & Final Extra!
|
|
Harbor Freight Tools, T.J.Maxx
|
|
Rite Aid
|
||
31
|
|
Bristol Plaza
|
|
Santa Ana
|
|
CA
|
|
Los Angeles-Long Beach-Anaheim, CA
|
|
2003
|
|
111,403
|
|
100.0%
|
|
|
2,890
|
|
|
26.47
|
|
|
Trader Joe's
|
|
Big Lots, Petco, Rite Aid
|
|
|
||
32
|
|
Gateway Plaza
|
|
Santa Fe Springs
|
|
CA
|
|
Los Angeles-Long Beach-Anaheim, CA
|
|
2002
|
|
289,268
|
|
100.0%
|
|
|
3,538
|
|
|
23.79
|
|
|
El Super, Walmart Supercenter
|
|
LA Fitness, Marshalls
|
|
Target
|
||
33
|
|
Santa Paula Center
|
|
Santa Paula
|
|
CA
|
|
Oxnard-Thousand Oaks-Ventura, CA
|
|
1995
|
|
191,475
|
|
100.0%
|
|
|
1,982
|
|
|
10.58
|
|
|
Vons (Albertsons)
|
|
Big Lots, Heritage Hardware
|
|
|
||
34
|
|
Vail Ranch Center
|
|
Temecula
|
|
CA
|
|
Riverside-San Bernardino-Ontario, CA
|
|
2003
|
|
201,904
|
|
96.3%
|
|
|
2,931
|
|
|
20.36
|
|
|
Stater Bros.
|
|
Rite Aid, Stein Mart
|
|
|
||
35
|
|
Country Hills Shopping Center
|
|
Torrance
|
|
CA
|
|
Los Angeles-Long Beach-Anaheim, CA
|
|
1977
|
|
56,700
|
|
97.8%
|
|
|
988
|
|
|
17.82
|
|
|
Ralphs (Kroger)
|
|
—
|
|
|
||
36
|
|
Gateway Plaza - Vallejo
|
|
Vallejo
|
|
CA
|
|
Vallejo-Fairfield, CA
|
|
2017
|
|
525,067
|
|
94.6%
|
|
|
8,704
|
|
|
17.75
|
|
|
Costco*
|
|
Bed Bath & Beyond, Century Theatres, DSW, Marshalls, Michaels, Office Max, Party City, Petco, Ross Dress for Less, Toys"R"Us, ULTA
|
|
Target
|
||
37
|
|
Arvada Plaza
|
|
Arvada
|
|
CO
|
|
Denver-Aurora-Lakewood, CO
|
|
1994
|
|
95,236
|
|
100.0%
|
|
|
731
|
|
|
7.68
|
|
|
King Soopers (Kroger)
|
|
Arc
|
|
|
||
38
|
|
Arapahoe Crossings
|
|
Aurora
|
|
CO
|
|
Denver-Aurora-Lakewood, CO
|
|
1996
|
|
466,356
|
|
97.2%
|
|
|
6,204
|
|
|
13.68
|
|
|
King Soopers (Kroger)
|
|
2nd & Charles, AMC Theatres, Big Lots, buybuy BABY, Gordmans, Kohl's, Stein Mart
|
|
|
|
Property Name
|
|
City
|
|
State
|
|
Metropolitan Statistical Area
|
|
Year
Built
|
|
GLA
|
|
% Leased
|
|
ABR (,000's)
|
|
ABR/SF (1)
|
|
Grocer (2)
|
|
Other Major Tenants
|
|
Non-Owned Major Tenants
|
||||||
39
|
|
Aurora Plaza
|
|
Aurora
|
|
CO
|
|
Denver-Aurora-Lakewood, CO
|
|
1996
|
|
178,491
|
|
98.1%
|
|
|
1,520
|
|
|
9.00
|
|
|
King Soopers (Kroger)
|
|
Cinema Latino, Gen-X
|
|
|
||
40
|
|
Villa Monaco
|
|
Denver
|
|
CO
|
|
Denver-Aurora-Lakewood, CO
|
|
1978
|
|
122,139
|
|
90.7%
|
|
|
1,595
|
|
|
14.40
|
|
|
—
|
|
Chuze Fitness
|
|
|
||
41
|
|
Superior Marketplace
|
|
Superior
|
|
CO
|
|
Boulder, CO
|
|
1997
|
|
279,189
|
|
82.4%
|
|
|
3,867
|
|
|
16.82
|
|
|
Whole Foods Market, Costco*, SuperTarget*
|
|
Party City, T.J.Maxx, Ulta
|
|
|
||
42
|
|
Westminster City Center
|
|
Westminster
|
|
CO
|
|
Denver-Aurora-Lakewood, CO
|
|
1996
|
|
330,559
|
|
96.6%
|
|
|
4,750
|
|
|
14.87
|
|
|
—
|
|
Babies"R"Us, Barnes & Noble, Gordmans, Jo-Ann Fabric & Craft Stores, Ross Dress for Less, Tile Shop, Ulta
|
|
|
||
43
|
|
Freshwater - Stateline Plaza
|
|
Enfield
|
|
CT
|
|
Hartford-West Hartford-East Hartford, CT
|
|
2004
|
|
295,647
|
|
95.9%
|
|
|
2,419
|
|
|
16.48
|
|
|
Costco
|
|
Dick's Sporting Goods, Jo-Ann Fabric & Craft Stores, P.C. Richard & Son
|
|
The Home Depot
|
||
44
|
|
The Shoppes at Fox Run
|
|
Glastonbury
|
|
CT
|
|
Hartford-West Hartford-East Hartford, CT
|
|
1974
|
|
106,364
|
|
91.4%
|
|
|
2,388
|
|
|
24.57
|
|
|
Whole Foods Market
|
|
Petco
|
|
|
||
45
|
|
Groton Square
|
|
Groton
|
|
CT
|
|
Norwich-New London, CT
|
|
1987
|
|
196,802
|
|
99.6%
|
|
|
2,658
|
|
|
13.57
|
|
|
Super Stop & Shop (Ahold)
|
|
Kohl's
|
|
Walmart
|
||
46
|
|
Parkway Plaza
|
|
Hamden
|
|
CT
|
|
New Haven-Milford, CT
|
|
2006
|
|
72,353
|
|
100.0%
|
|
|
1,021
|
|
|
14.11
|
|
|
PriceRite (Wakefern)
|
|
—
|
|
|
||
47
|
|
Killingly Plaza
|
|
Killingly
|
|
CT
|
|
Worcester, MA-CT
|
|
1990
|
|
76,960
|
|
98.7%
|
|
|
609
|
|
|
8.02
|
|
|
—
|
|
Kohl's
|
|
|
||
48
|
|
The Manchester Collection
|
|
Manchester
|
|
CT
|
|
Hartford-West Hartford-East Hartford, CT
|
|
2001
|
|
339,775
|
|
93.0%
|
|
|
4,444
|
|
|
14.07
|
|
|
Sam's Club*, Walmart Supercenter*
|
|
A.C. Moore, Ashley Furniture, Babies"R"Us, Bed Bath & Beyond, Big Bob's Flooring Outlet, DSW, Edge Fitness, Hobby Lobby, Men's Wearhouse, Plaza Aztec
|
|
Walmart
|
||
49
|
|
Chamberlain Plaza
|
|
Meriden
|
|
CT
|
|
New Haven-Milford, CT
|
|
2004
|
|
54,302
|
|
100.0%
|
|
|
592
|
|
|
10.90
|
|
|
—
|
|
Dollar Tree, Savers
|
|
|
||
50
|
|
Milford Center
|
|
Milford
|
|
CT
|
|
New Haven-Milford, CT
|
|
1966
|
|
25,056
|
|
0.0%
|
|
|
—
|
|
|
—
|
|
|
—
|
|
—
|
|
|
||
51
|
|
Turnpike Plaza
|
|
Newington
|
|
CT
|
|
Hartford-West Hartford-East Hartford, CT
|
|
2004
|
|
149,894
|
|
98.2%
|
|
|
2,459
|
|
|
16.71
|
|
|
Price Chopper
|
|
Dick's Sporting Goods
|
|
|
||
52
|
|
North Haven Crossing
|
|
North Haven
|
|
CT
|
|
New Haven-Milford, CT
|
|
1993
|
|
103,865
|
|
90.5%
|
|
|
1,673
|
|
|
17.80
|
|
|
—
|
|
Barnes & Noble, Dollar Tree, DSW, Five Below, Lumber Liquidators, PetSmart
|
|
|
||
53
|
|
Christmas Tree Plaza
|
|
Orange
|
|
CT
|
|
New Haven-Milford, CT
|
|
1996
|
|
132,791
|
|
95.1%
|
|
|
1,646
|
|
|
13.03
|
|
|
—
|
|
A.C. Moore, Christmas Tree Shops
|
|
|
||
54
|
|
Stratford Square
|
|
Stratford
|
|
CT
|
|
Bridgeport-Stamford-Norwalk, CT
|
|
1984
|
|
161,075
|
|
86.6%
|
|
|
2,411
|
|
|
17.28
|
|
|
—
|
|
LA Fitness, Marshalls
|
|
|
||
55
|
|
Torrington Plaza
|
|
Torrington
|
|
CT
|
|
Torrington, CT
|
|
1994
|
|
125,496
|
|
84.3%
|
|
|
1,177
|
|
|
11.12
|
|
|
—
|
|
Jo-Ann Fabric & Craft Stores, Staples, T.J.Maxx
|
|
|
||
56
|
|
Waterbury Plaza
|
|
Waterbury
|
|
CT
|
|
New Haven-Milford, CT
|
|
2000
|
|
183,096
|
|
96.6%
|
|
|
2,276
|
|
|
12.86
|
|
|
Super Stop & Shop (Ahold)
|
|
Dollar Tree, Pretty Woman
|
|
Target
|
||
57
|
|
Waterford Commons
|
|
Waterford
|
|
CT
|
|
Norwich-New London, CT
|
|
2004
|
|
236,730
|
|
97.4%
|
|
|
4,391
|
|
|
19.05
|
|
|
—
|
|
Babies"R"Us, Dick’s Sporting Goods, DSW, Michaels, Party City, Ulta
|
|
Best Buy
|
||
58
|
|
North Dover Center
|
|
Dover
|
|
DE
|
|
Dover, DE
|
|
1989
|
|
191,974
|
|
100.0%
|
|
|
2,348
|
|
|
12.23
|
|
|
Acme (Albertsons)
|
|
Party City, Staples, T.J.Maxx, Toys"R"Us
|
|
|
||
59
|
|
Brooksville Square
|
|
Brooksville
|
|
FL
|
|
Tampa-St. Petersburg-Clearwater, FL
|
|
1987
|
|
156,361
|
|
94.1%
|
|
|
1,617
|
|
|
11.00
|
|
|
Publix
|
|
Sears Outlet
|
|
|
||
60
|
|
Coastal Way - Coastal Landing
|
|
Brooksville
|
|
FL
|
|
Tampa-St. Petersburg-Clearwater, FL
|
|
2008
|
|
374,598
|
|
98.3%
|
|
|
3,667
|
|
|
16.72
|
|
|
—
|
|
Bed Bath & Beyond, hhgregg, Marshalls, Michaels, Office Depot, Petco, Sears, Ulta
|
|
|
||
61
|
|
Midpoint Center
|
|
Cape Coral
|
|
FL
|
|
Cape Coral-Fort Myers, FL
|
|
2002
|
|
75,386
|
|
98.6%
|
|
|
979
|
|
|
13.17
|
|
|
Publix
|
|
—
|
|
Target
|
||
62
|
|
Clearwater Mall
|
|
Clearwater
|
|
FL
|
|
Tampa-St. Petersburg-Clearwater, FL
|
|
1973
|
|
300,929
|
|
98.7%
|
|
|
6,438
|
|
|
22.83
|
|
|
Costco*, SuperTarget*
|
|
hhgregg, Michaels, PetSmart, Ross Dress for Less
|
|
Lowe's
|
||
63
|
|
Coconut Creek Plaza
|
|
Coconut Creek
|
|
FL
|
|
Miami-Fort Lauderdale-West Palm Beach, FL
|
|
2005
|
|
265,671
|
|
86.8%
|
|
|
3,156
|
|
|
13.69
|
|
|
Publix
|
|
Bealls Outlet, Big Lots, Off the Wall Trampoline, Planet Fitness, Rainbow
|
|
|
||
64
|
|
Century Plaza Shopping Center
|
|
Deerfield Beach
|
|
FL
|
|
Miami-Fort Lauderdale-West Palm Beach, FL
|
|
2006
|
|
83,104
|
|
88.9%
|
|
|
1,475
|
|
|
19.97
|
|
|
—
|
|
Broward County Library
|
|
|
||
65
|
|
Northgate Shopping Center
|
|
DeLand
|
|
FL
|
|
Deltona-Daytona Beach-Ormond Beach, FL
|
|
1993
|
|
186,396
|
|
98.7%
|
|
|
1,337
|
|
|
7.27
|
|
|
Publix
|
|
—
|
|
|
||
66
|
|
Eustis Village
|
|
Eustis
|
|
FL
|
|
Orlando-Kissimmee-Sanford, FL
|
|
2002
|
|
156,927
|
|
96.9%
|
|
|
1,742
|
|
|
11.46
|
|
|
Publix
|
|
Bealls Outlet
|
|
|
||
67
|
|
First Street Village
|
|
Fort Meyers
|
|
FL
|
|
Cape Coral-Fort Myers, FL
|
|
2006
|
|
54,926
|
|
98.3%
|
|
|
808
|
|
|
14.96
|
|
|
Publix
|
|
—
|
|
|
||
68
|
|
Sun Plaza
|
|
Ft. Walton Beach
|
|
FL
|
|
Crestview-Fort Walton Beach-Destin, FL
|
|
2004
|
|
158,118
|
|
99.1%
|
|
|
1,749
|
|
|
11.16
|
|
|
Publix
|
|
Bealls Outlet, Books-A-Million, Office Depot, T.J.Maxx
|
|
|
||
69
|
|
Normandy Square
|
|
Jacksonville
|
|
FL
|
|
Jacksonville, FL
|
|
1996
|
|
87,240
|
|
88.4%
|
|
|
738
|
|
|
9.57
|
|
|
Winn-Dixie (Southeastern Grocers)
|
|
Family Dollar
|
|
|
||
70
|
|
Regency Park Shopping Center
|
|
Jacksonville
|
|
FL
|
|
Jacksonville, FL
|
|
1985
|
|
334,065
|
|
70.7%
|
|
|
1,728
|
|
|
8.06
|
|
|
—
|
|
American Signature Furniture, Bealls Outlet, Books-A-Million, Hard Knocks, Ollie's Bargain Outlet
|
|
|
||
71
|
|
The Shoppes at Southside
|
|
Jacksonville
|
|
FL
|
|
Jacksonville, FL
|
|
2004
|
|
109,113
|
|
100.0%
|
|
|
1,887
|
|
|
17.29
|
|
|
—
|
|
Best Buy, David's Bridal, Restoration Hardware
|
|
|
||
72
|
|
Ventura Downs
|
|
Kissimmee
|
|
FL
|
|
Orlando-Kissimmee-Sanford, FL
|
|
1989
|
|
98,191
|
|
98.6%
|
|
|
1,280
|
|
|
13.22
|
|
|
—
|
|
—
|
|
|
||
73
|
|
Marketplace at Wycliffe
|
|
Lake Worth
|
|
FL
|
|
Miami-Fort Lauderdale-West Palm Beach, FL
|
|
2002
|
|
133,520
|
|
97.6%
|
|
|
2,234
|
|
|
17.15
|
|
|
Walmart Neighborhood Market
|
|
Walgreens
|
|
|
||
74
|
|
Venetian Isle Shopping Ctr
|
|
Lighthouse Point
|
|
FL
|
|
Miami-Fort Lauderdale-West Palm Beach, FL
|
|
1992
|
|
182,314
|
|
95.6%
|
|
|
1,893
|
|
|
11.18
|
|
|
Publix
|
|
Dollar Tree, Petco, Staples, Tuesday Morning, T.J.Maxx
|
|
|
||
75
|
|
Marco Town Center
|
|
Marco Island
|
|
FL
|
|
Naples-Immokalee-Marco Island, FL
|
|
2001
|
|
109,931
|
|
83.1%
|
|
|
1,898
|
|
|
20.78
|
|
|
Publix
|
|
—
|
|
|
||
76
|
|
Mall at 163rd Street
|
|
Miami
|
|
FL
|
|
Miami-Fort Lauderdale-West Palm Beach, FL
|
|
2007
|
|
339,478
|
|
73.1%
|
|
|
3,685
|
|
|
18.57
|
|
|
Walmart Supercenter*
|
|
Citi Trends, Marshalls, Ross Dress for Less
|
|
|
||
77
|
|
Miami Gardens
|
|
Miami
|
|
FL
|
|
Miami-Fort Lauderdale-West Palm Beach, FL
|
|
1996
|
|
244,719
|
|
98.8%
|
|
|
2,547
|
|
|
10.54
|
|
|
Fresco y Más (Southeastern Grocers)
|
|
Ross Dress for Less
|
|
|
||
78
|
|
Freedom Square
|
|
Naples
|
|
FL
|
|
Naples-Immokalee-Marco Island, FL
|
|
1995
|
|
211,839
|
|
100.0%
|
|
|
1,947
|
|
|
9.19
|
|
|
Publix
|
|
—
|
|
|
||
79
|
|
Naples Plaza
|
|
Naples
|
|
FL
|
|
Naples-Immokalee-Marco Island, FL
|
|
2013
|
|
201,795
|
|
100.0%
|
|
|
3,561
|
|
|
17.95
|
|
|
Publix
|
|
Marshalls, Office Depot, PGA TOUR Superstore
|
|
|
||
80
|
|
Park Shore Plaza
|
|
Naples
|
|
FL
|
|
Naples-Immokalee-Marco Island, FL
|
|
2017
|
|
249,390
|
|
90.6%
|
|
|
3,618
|
|
|
16.41
|
|
|
The Fresh Market
|
|
Big Lots, Burlington Stores, HomeGoods, Party City, Saks OFF Fifth
|
|
|
||
81
|
|
Chelsea Place
|
|
New Port Richey
|
|
FL
|
|
Tampa-St. Petersburg-Clearwater, FL
|
|
1992
|
|
81,144
|
|
96.8%
|
|
|
966
|
|
|
12.30
|
|
|
Publix
|
|
Zone Fitness Club
|
|
|
|
Property Name
|
|
City
|
|
State
|
|
Metropolitan Statistical Area
|
|
Year
Built
|
|
GLA
|
|
% Leased
|
|
ABR (,000's)
|
|
ABR/SF (1)
|
|
Grocer (2)
|
|
Other Major Tenants
|
|
Non-Owned Major Tenants
|
||||||
82
|
|
Southgate Center
|
|
New Port Richey
|
|
FL
|
|
Tampa-St. Petersburg-Clearwater, FL
|
|
1966
|
|
246,980
|
|
97.5%
|
|
|
2,477
|
|
|
10.74
|
|
|
Publix
|
|
Bealls Outlet, Big Lots, Lumber Liquidators, Old Time Pottery, Pet Supermarket, YouFit Health Club
|
|
|
||
83
|
|
Presidential Plaza West
|
|
North Lauderdale
|
|
FL
|
|
Miami-Fort Lauderdale-West Palm Beach, FL
|
|
2006
|
|
88,441
|
|
95.4%
|
|
|
905
|
|
|
10.73
|
|
|
Sedano's
|
|
Family Dollar
|
|
|
||
84
|
|
Fashion Square
|
|
Orange Park
|
|
FL
|
|
Jacksonville, FL
|
|
1996
|
|
36,029
|
|
64.3%
|
|
|
448
|
|
|
25.03
|
|
|
—
|
|
Miller's Orange Park Ale House
|
|
|
||
85
|
|
Colonial Marketplace
|
|
Orlando
|
|
FL
|
|
Orlando-Kissimmee-Sanford, FL
|
|
1986
|
|
141,069
|
|
99.4%
|
|
|
2,387
|
|
|
17.03
|
|
|
—
|
|
Burlington Stores, LA Fitness
|
|
Target
|
||
86
|
|
Conway Crossing
|
|
Orlando
|
|
FL
|
|
Orlando-Kissimmee-Sanford, FL
|
|
2002
|
|
76,321
|
|
98.7%
|
|
|
983
|
|
|
13.05
|
|
|
Publix
|
|
—
|
|
|
||
87
|
|
Hunter's Creek Plaza
|
|
Orlando
|
|
FL
|
|
Orlando-Kissimmee-Sanford, FL
|
|
1998
|
|
73,204
|
|
93.4%
|
|
|
1,065
|
|
|
15.57
|
|
|
—
|
|
Office Depot
|
|
|
||
88
|
|
Pointe Orlando
|
|
Orlando
|
|
FL
|
|
Orlando-Kissimmee-Sanford, FL
|
|
1997
|
|
417,444
|
|
91.8%
|
|
|
8,652
|
|
|
23.71
|
|
|
—
|
|
Main Event, Regal Cinemas
|
|
|
||
89
|
|
Martin Downs Town Center
|
|
Palm City
|
|
FL
|
|
Port St. Lucie, FL
|
|
1996
|
|
64,546
|
|
95.7%
|
|
|
732
|
|
|
11.86
|
|
|
Publix
|
|
—
|
|
|
||
90
|
|
Martin Downs Village Center
|
|
Palm City
|
|
FL
|
|
Port St. Lucie, FL
|
|
1987
|
|
158,142
|
|
86.6%
|
|
|
2,501
|
|
|
18.27
|
|
|
—
|
|
Coastal Care, Goodwill, Walgreens
|
|
|
||
91
|
|
23rd Street Station
|
|
Panama City
|
|
FL
|
|
Panama City, FL
|
|
1995
|
|
98,827
|
|
95.2%
|
|
|
1,177
|
|
|
12.51
|
|
|
Publix
|
|
—
|
|
|
||
92
|
|
Panama City Square
|
|
Panama City
|
|
FL
|
|
Panama City, FL
|
|
1989
|
|
298,685
|
|
100.0%
|
|
|
2,397
|
|
|
8.03
|
|
|
Walmart Supercenter
|
|
Big Lots, Harbor Freight Tools, HomeGoods, T.J.Maxx
|
|
|
||
93
|
|
Pensacola Square
|
|
Pensacola
|
|
FL
|
|
Pensacola-Ferry Pass-Brent, FL
|
|
1995
|
|
142,767
|
|
89.5%
|
|
|
1,166
|
|
|
9.13
|
|
|
—
|
|
Bealls Outlet, Big Lots, Petland, Sears Home Appliance Showroom
|
|
Hobby Lobby
|
||
94
|
|
East Port Plaza
|
|
Port St. Lucie
|
|
FL
|
|
Port St. Lucie, FL
|
|
1991
|
|
162,831
|
|
82.0%
|
|
|
1,852
|
|
|
13.87
|
|
|
Publix
|
|
Fortis Institute, Walgreens
|
|
|
||
95
|
|
Shoppes of Victoria Square
|
|
Port St. Lucie
|
|
FL
|
|
Port St. Lucie, FL
|
|
1990
|
|
95,243
|
|
90.4%
|
|
|
1,055
|
|
|
12.25
|
|
|
Winn-Dixie (Southeastern Grocers)
|
|
Dollar Tree
|
|
|
||
96
|
|
Lake St. Charles
|
|
Riverview
|
|
FL
|
|
Tampa-St. Petersburg-Clearwater, FL
|
|
1999
|
|
57,015
|
|
95.4%
|
|
|
558
|
|
|
10.26
|
|
|
Winn-Dixie (Southeastern Grocers)
|
|
—
|
|
|
||
97
|
|
Cobblestone Village
|
|
Royal Palm Beach
|
FL
|
|
Miami-Fort Lauderdale-West Palm Beach, FL
|
|
2005
|
|
39,404
|
|
90.7%
|
|
|
659
|
|
|
18.45
|
|
|
SuperTarget*
|
|
The Zoo Health Club
|
|
|
|||
98
|
|
Beneva Village Shoppes
|
|
Sarasota
|
|
FL
|
|
North Port-Sarasota-Bradenton, FL
|
|
1987
|
|
141,532
|
|
93.4%
|
|
|
1,700
|
|
|
12.87
|
|
|
Publix
|
|
Harbor Freight Tools, Pet Supermarket, Walgreens
|
|
|
||
99
|
|
Sarasota Village
|
|
Sarasota
|
|
FL
|
|
North Port-Sarasota-Bradenton, FL
|
|
1972
|
|
173,184
|
|
100.0%
|
|
|
2,039
|
|
|
12.07
|
|
|
Publix
|
|
Big Lots, Crunch Fitness, HomeGoods
|
|
|
||
100
|
|
Atlantic Plaza
|
|
Satellite Beach
|
|
FL
|
|
Palm Bay-Melbourne-Titusville, FL
|
|
2008
|
|
130,845
|
|
69.6%
|
|
|
1,180
|
|
|
12.95
|
|
|
Publix
|
|
—
|
|
|
||
101
|
|
Seminole Plaza
|
|
Seminole
|
|
FL
|
|
Tampa-St. Petersburg-Clearwater, FL
|
|
1964
|
|
156,579
|
|
95.4%
|
|
|
1,194
|
|
|
7.99
|
|
|
—
|
|
Bealls Outlet, Burlington Stores, T.J.Maxx
|
|
|
||
102
|
|
Cobblestone Village
|
|
St. Augustine
|
|
FL
|
|
Jacksonville, FL
|
|
2003
|
|
261,061
|
|
94.2%
|
|
|
3,372
|
|
|
13.71
|
|
|
Publix
|
|
Bealls, Bed Bath & Beyond, Michaels, Party City, Petco
|
|
|
||
103
|
|
Dolphin Village
|
|
St. Pete Beach
|
|
FL
|
|
Tampa-St. Petersburg-Clearwater, FL
|
|
1990
|
|
134,324
|
|
82.7%
|
|
|
1,637
|
|
|
14.74
|
|
|
Publix
|
|
CVS, Dollar Tree
|
|
|
||
104
|
|
Bay Pointe Plaza
|
|
St. Petersburg
|
|
FL
|
|
Tampa-St. Petersburg-Clearwater, FL
|
|
2016
|
|
95,560
|
|
98.3%
|
|
|
1,570
|
|
|
16.71
|
|
|
Publix
|
|
Bealls Outlet, Pet Supermarket
|
|
|
||
105
|
|
Rutland Plaza
|
|
St. Petersburg
|
|
FL
|
|
Tampa-St. Petersburg-Clearwater, FL
|
|
2002
|
|
149,562
|
|
95.9%
|
|
|
1,256
|
|
|
8.75
|
|
|
Winn-Dixie (Southeastern Grocers)
|
|
Bealls Outlet, Big Lots
|
|
|
||
106
|
|
Skyway Plaza
|
|
St. Petersburg
|
|
FL
|
|
Tampa-St. Petersburg-Clearwater, FL
|
|
2002
|
|
110,799
|
|
79.1%
|
|
|
717
|
|
|
8.18
|
|
|
—
|
|
Dollar Tree
|
|
|
||
107
|
|
Tyrone Gardens
|
|
St. Petersburg
|
|
FL
|
|
Tampa-St. Petersburg-Clearwater, FL
|
|
1998
|
|
209,337
|
|
78.9%
|
|
|
1,520
|
|
|
9.20
|
|
|
Winn-Dixie (Southeastern Grocers)
|
|
Big Lots, Chuck E. Cheese’s
|
|
|
||
108
|
|
Downtown Publix
|
|
Stuart
|
|
FL
|
|
Port St. Lucie, FL
|
|
2000
|
|
151,246
|
|
59.3%
|
|
|
1,109
|
|
|
12.37
|
|
|
Publix
|
|
Family Dollar
|
|
|
||
109
|
|
Sunrise Town Center
|
|
Sunrise
|
|
FL
|
|
Miami-Fort Lauderdale-West Palm Beach, FL
|
|
1989
|
|
110,109
|
|
100.0%
|
|
|
1,322
|
|
|
12.01
|
|
|
Patel Brothers
|
|
Dollar Tree, LA Fitness
|
|
Walmart
|
||
110
|
|
Carrollwood Center
|
|
Tampa
|
|
FL
|
|
Tampa-St. Petersburg-Clearwater, FL
|
|
2002
|
|
92,258
|
|
91.8%
|
|
|
1,378
|
|
|
16.28
|
|
|
Publix
|
|
Rarehues
|
|
|
||
111
|
|
Ross Plaza
|
|
Tampa
|
|
FL
|
|
Tampa-St. Petersburg-Clearwater, FL
|
|
1996
|
|
90,625
|
|
95.9%
|
|
|
1,252
|
|
|
14.41
|
|
|
—
|
|
Deal$, Ross Dress for Less, Lumber Liquidators
|
|
|
||
112
|
|
Tarpon Mall
|
|
Tarpon Springs
|
|
FL
|
|
Tampa-St. Petersburg-Clearwater, FL
|
|
2003
|
|
145,832
|
|
97.6%
|
|
|
2,136
|
|
|
15.01
|
|
|
Publix
|
|
Petco, T.J.Maxx, Ulta
|
|
|
||
113
|
|
Venice Plaza
|
|
Venice
|
|
FL
|
|
North Port-Sarasota-Bradenton, FL
|
|
1999
|
|
132,345
|
|
98.3%
|
|
|
915
|
|
|
7.04
|
|
|
Winn-Dixie (Southeastern Grocers)
|
|
Lumber Liquidators, Pet Supermarket, T.J.Maxx
|
|
|
||
114
|
|
Venice Shopping Center
|
|
Venice
|
|
FL
|
|
North Port-Sarasota-Bradenton, FL
|
|
2000
|
|
109,801
|
|
85.9%
|
|
|
612
|
|
|
6.49
|
|
|
Publix
|
|
Bealls Outlet
|
|
|
||
115
|
|
Governors Towne Square
|
|
Acworth
|
|
GA
|
|
Atlanta-Sandy Springs-Roswell, GA
|
|
2005
|
|
68,658
|
|
96.8%
|
|
|
1,148
|
|
|
17.27
|
|
|
Publix
|
|
—
|
|
|
||
116
|
|
Albany Plaza
|
|
Albany
|
|
GA
|
|
Albany, GA
|
|
1995
|
|
114,169
|
|
75.1%
|
|
|
542
|
|
|
6.32
|
|
|
Harveys (Southeastern Grocers)
|
|
Big Lots, OK Beauty & Fashions Outlet
|
|
|
||
117
|
|
Mansell Crossing
|
|
Alpharetta
|
|
GA
|
|
Atlanta-Sandy Springs-Roswell, GA
|
|
1993
|
|
332,364
|
|
98.6%
|
|
|
5,069
|
|
|
19.30
|
|
|
—
|
|
AMC Theatres, Barnes & Noble, DSW, Macy's Furniture Gallery, REI, Sports Authority, T.J.Maxx, Ulta
|
|
Toys"R"Us
|
||
118
|
|
Perlis Plaza
|
|
Americus
|
|
GA
|
|
Americus, GA
|
|
1972
|
|
165,315
|
|
84.0%
|
|
|
810
|
|
|
5.83
|
|
|
—
|
|
Belk, Roses
|
|
|
||
119
|
|
Northeast Plaza
|
|
Atlanta
|
|
GA
|
|
Atlanta-Sandy Springs-Roswell, GA
|
|
1952
|
|
442,201
|
|
88.6%
|
|
|
4,455
|
|
|
11.54
|
|
|
City Farmers Market
|
|
dd's Discounts (Ross), Goodwill
|
|
|
||
120
|
|
Augusta West Plaza
|
|
Augusta
|
|
GA
|
|
Augusta-Richmond County, GA-SC
|
|
2006
|
|
207,823
|
|
68.3%
|
|
|
1,073
|
|
|
7.56
|
|
|
—
|
|
Burlington Stores, Dollar Tree
|
|
|
||
121
|
|
Sweetwater Village
|
|
Austell
|
|
GA
|
|
Atlanta-Sandy Springs-Roswell, GA
|
|
1985
|
|
66,197
|
|
97.8%
|
|
|
514
|
|
|
7.94
|
|
|
Food Depot
|
|
Family Dollar
|
|
|
||
122
|
|
Vineyards at Chateau Elan
|
|
Braselton
|
|
GA
|
|
Atlanta-Sandy Springs-Roswell, GA
|
|
2002
|
|
79,047
|
|
92.0%
|
|
|
1,028
|
|
|
14.13
|
|
|
Publix
|
|
—
|
|
|
||
123
|
|
Cedar Plaza
|
|
Cedartown
|
|
GA
|
|
Cedartown, GA
|
|
1994
|
|
83,300
|
|
76.5%
|
|
|
547
|
|
|
8.59
|
|
|
Kroger
|
|
—
|
|
|
||
124
|
|
Conyers Plaza
|
|
Conyers
|
|
GA
|
|
Atlanta-Sandy Springs-Roswell, GA
|
|
2001
|
|
171,374
|
|
97.4%
|
|
|
2,025
|
|
|
12.13
|
|
|
Walmart Supercenter*
|
|
Jo-Ann Fabric & Craft Stores, Mattress Firm, PetSmart, Value Village
|
|
The Home Depot
|
|
Property Name
|
|
City
|
|
State
|
|
Metropolitan Statistical Area
|
|
Year
Built
|
|
GLA
|
|
% Leased
|
|
ABR (,000's)
|
|
ABR/SF (1)
|
|
Grocer (2)
|
|
Other Major Tenants
|
|
Non-Owned Major Tenants
|
||||||
125
|
|
Cordele Square
|
|
Cordele
|
|
GA
|
|
Cordele, GA
|
|
2002
|
|
127,953
|
|
87.3%
|
|
|
755
|
|
|
6.76
|
|
|
Harveys (Southeastern Grocers)
|
|
Belk, Citi Trends, Cordele Theatres
|
|
|
||
126
|
|
Covington Gallery
|
|
Covington
|
|
GA
|
|
Atlanta-Sandy Springs-Roswell, GA
|
|
1991
|
|
174,857
|
|
94.3%
|
|
|
1,092
|
|
|
6.62
|
|
|
Ingles
|
|
Kmart
|
|
|
||
127
|
|
Salem Road Station
|
|
Covington
|
|
GA
|
|
Atlanta-Sandy Springs-Roswell, GA
|
|
2000
|
|
67,270
|
|
90.6%
|
|
|
703
|
|
|
11.53
|
|
|
Publix
|
|
—
|
|
|
||
128
|
|
Keith Bridge Commons
|
|
Cumming
|
|
GA
|
|
Atlanta-Sandy Springs-Roswell, GA
|
|
2002
|
|
94,886
|
|
88.9%
|
|
|
1,143
|
|
|
13.56
|
|
|
Kroger
|
|
—
|
|
|
||
129
|
|
Northside
|
|
Dalton
|
|
GA
|
|
Dalton, GA
|
|
2001
|
|
73,931
|
|
92.8%
|
|
|
558
|
|
|
8.14
|
|
|
Food City
|
|
Family Dollar
|
|
|
||
130
|
|
Cosby Station
|
|
Douglasville
|
|
GA
|
|
Atlanta-Sandy Springs-Roswell, GA
|
|
1994
|
|
77,811
|
|
90.8%
|
|
|
779
|
|
|
11.03
|
|
|
Publix
|
|
—
|
|
|
||
131
|
|
Park Plaza
|
|
Douglasville
|
|
GA
|
|
Atlanta-Sandy Springs-Roswell, GA
|
|
1986
|
|
46,494
|
|
93.9%
|
|
|
700
|
|
|
16.04
|
|
|
Kroger*
|
|
—
|
|
|
||
132
|
|
Dublin Village
|
|
Dublin
|
|
GA
|
|
Dublin, GA
|
|
2005
|
|
94,920
|
|
94.5%
|
|
|
657
|
|
|
7.32
|
|
|
Kroger
|
|
—
|
|
|
||
133
|
|
Westgate
|
|
Dublin
|
|
GA
|
|
Dublin, GA
|
|
2004
|
|
110,738
|
|
96.0%
|
|
|
677
|
|
|
6.60
|
|
|
Harveys (Southeastern Grocers)
|
|
Bealls Outlet, Big Lots
|
|
The Home Depot
|
||
134
|
|
Venture Pointe
|
|
Duluth
|
|
GA
|
|
Atlanta-Sandy Springs-Roswell, GA
|
|
1995
|
|
155,172
|
|
100.0%
|
|
|
1,564
|
|
|
10.08
|
|
|
—
|
|
American Signature Furniture, Ollie's Bargain Outlet, Studio Movie Grill
|
|
|
||
135
|
|
Banks Station
|
|
Fayetteville
|
|
GA
|
|
Atlanta-Sandy Springs-Roswell, GA
|
|
2006
|
|
176,451
|
|
87.1%
|
|
|
1,128
|
|
|
8.46
|
|
|
Food Depot
|
|
Cinemark, Staples
|
|
|
||
136
|
|
Barrett Place
|
|
Kennesaw
|
|
GA
|
|
Atlanta-Sandy Springs-Roswell, GA
|
|
1992
|
|
218,818
|
|
100.0%
|
|
|
2,385
|
|
|
10.90
|
|
|
ALDI
|
|
Best Buy, Michaels, OfficeMax, PetSmart, The Furniture Mall
|
|
|
||
137
|
|
Shops of Huntcrest
|
|
Lawrenceville
|
|
GA
|
|
Atlanta-Sandy Springs-Roswell, GA
|
|
2003
|
|
97,040
|
|
96.5%
|
|
|
1,272
|
|
|
13.58
|
|
|
Publix
|
|
—
|
|
|
||
138
|
|
Mableton Walk
|
|
Mableton
|
|
GA
|
|
Atlanta-Sandy Springs-Roswell, GA
|
|
1994
|
|
105,884
|
|
85.4%
|
|
|
1,194
|
|
|
13.21
|
|
|
Publix
|
|
—
|
|
|
||
139
|
|
The Village at Mableton
|
|
Mableton
|
|
GA
|
|
Atlanta-Sandy Springs-Roswell, GA
|
|
1959
|
|
239,013
|
|
91.6%
|
|
|
1,109
|
|
|
5.06
|
|
|
—
|
|
Dollar Tree, Kmart, Ollie's Bargain Outlet, Planet Fitness
|
|
|
||
140
|
|
North Park
|
|
Macon
|
|
GA
|
|
Macon, GA
|
|
1988
|
|
216,795
|
|
98.8%
|
|
|
1,371
|
|
|
6.40
|
|
|
Kroger
|
|
Kmart
|
|
|
||
141
|
|
Marshalls at Eastlake
|
|
Marietta
|
|
GA
|
|
Atlanta-Sandy Springs-Roswell, GA
|
|
1982
|
|
54,976
|
|
97.8%
|
|
|
528
|
|
|
9.82
|
|
|
—
|
|
Marshalls
|
|
|
||
142
|
|
New Chastain Corners
|
|
Marietta
|
|
GA
|
|
Atlanta-Sandy Springs-Roswell, GA
|
|
2004
|
|
113,079
|
|
82.8%
|
|
|
931
|
|
|
9.94
|
|
|
Kroger
|
|
—
|
|
|
||
143
|
|
Pavilions at Eastlake
|
|
Marietta
|
|
GA
|
|
Atlanta-Sandy Springs-Roswell, GA
|
|
1996
|
|
154,224
|
|
86.0%
|
|
|
1,637
|
|
|
12.34
|
|
|
Kroger
|
|
J. Christopher's
|
|
|
||
144
|
|
Perry Marketplace
|
|
Perry
|
|
GA
|
|
Warner Robins, GA
|
|
2004
|
|
179,973
|
|
78.4%
|
|
|
1,003
|
|
|
7.11
|
|
|
Kroger
|
|
Ace Hardware, Bealls Outlet, Goody's
|
|
|
||
145
|
|
Creekwood Village
|
|
Rex
|
|
GA
|
|
Atlanta-Sandy Springs-Roswell, GA
|
|
1990
|
|
69,778
|
|
88.5%
|
|
|
510
|
|
|
8.26
|
|
|
Food Depot
|
|
—
|
|
|
||
146
|
|
Shops of Riverdale
|
|
Riverdale
|
|
GA
|
|
Atlanta-Sandy Springs-Roswell, GA
|
|
1995
|
|
16,808
|
|
82.2%
|
|
|
268
|
|
|
19.41
|
|
|
Walmart Supercenter*
|
|
—
|
|
|
||
147
|
|
Holcomb Bridge Crossing
|
|
Roswell
|
|
GA
|
|
Atlanta-Sandy Springs-Roswell, GA
|
|
1988
|
|
105,420
|
|
94.0%
|
|
|
968
|
|
|
9.77
|
|
|
—
|
|
PGA TOUR Superstore
|
|
|
||
148
|
|
Victory Square
|
|
Savannah
|
|
GA
|
|
Savannah, GA
|
|
2007
|
|
122,739
|
|
95.4%
|
|
|
1,737
|
|
|
15.19
|
|
|
SuperTarget*
|
|
Citi Trends, Dollar Tree, Frank Theatres, Staples
|
|
The Home Depot
|
||
149
|
|
Stockbridge Village
|
|
Stockbridge
|
|
GA
|
|
Atlanta-Sandy Springs-Roswell, GA
|
|
2008
|
|
188,135
|
|
94.4%
|
|
|
2,715
|
|
|
15.28
|
|
|
Kroger
|
|
—
|
|
|
||
150
|
|
Stone Mountain Festival
|
|
Stone Mountain
|
|
GA
|
|
Atlanta-Sandy Springs-Roswell, GA
|
|
2006
|
|
347,091
|
|
98.6%
|
|
|
1,812
|
|
|
5.30
|
|
|
Walmart Supercenter
|
|
Hobby Lobby, NCG Cinemas
|
|
|
||
151
|
|
Wilmington Island
|
|
Wilmington Island
|
|
GA
|
|
Savannah, GA
|
|
1985
|
|
101,462
|
|
90.3%
|
|
|
1,031
|
|
|
11.25
|
|
|
Kroger
|
|
—
|
|
|
||
152
|
|
Kimberly West Shopping Center
|
|
Davenport
|
|
IA
|
|
Davenport-Moline-Rock Island, IA-IL
|
|
1987
|
|
113,713
|
|
89.0%
|
|
|
631
|
|
|
6.24
|
|
|
Hy-Vee
|
|
—
|
|
|
||
153
|
|
Haymarket Mall
|
|
Des Moines
|
|
IA
|
|
Des Moines-West Des Moines, IA
|
|
1979
|
|
243,680
|
|
98.0%
|
|
|
1,411
|
|
|
6.04
|
|
|
—
|
|
Burlington Stores, Harbor Freight Tools, Hobby Lobby
|
|
|
||
154
|
|
Haymarket Square
|
|
Des Moines
|
|
IA
|
|
Des Moines-West Des Moines, IA
|
|
1979
|
|
269,705
|
|
92.2%
|
|
|
1,566
|
|
|
6.30
|
|
|
Price Chopper
|
|
Aspen Athletic Clubs, Big Lots, Northern Tool + Equipment, Office Depot
|
|
|
||
155
|
|
Warren Plaza
|
|
Dubuque
|
|
IA
|
|
Dubuque, IA
|
|
1993
|
|
96,310
|
|
93.4%
|
|
|
748
|
|
|
8.80
|
|
|
Hy-Vee
|
|
—
|
|
Target
|
||
156
|
|
Annex of Arlington
|
|
Arlington Heights
|
|
IL
|
|
Chicago-Naperville-Elgin, IL-IN-WI
|
|
1999
|
|
193,703
|
|
94.5%
|
|
|
3,020
|
|
|
16.49
|
|
|
Trader Joe's
|
|
Binny's Beverage Depot, Chuck E. Cheese's, hhgregg, Petco, Ulta
|
|
|
||
157
|
|
Ridge Plaza
|
|
Arlington Heights
|
|
IL
|
|
Chicago-Naperville-Elgin, IL-IN-WI
|
|
2000
|
|
151,643
|
|
90.5%
|
|
|
2,011
|
|
|
14.66
|
|
|
—
|
|
Savers, XSport Fitness
|
|
Kohl's
|
||
158
|
|
Bartonville Square
|
|
Bartonville
|
|
IL
|
|
Peoria, IL
|
|
2001
|
|
61,678
|
|
95.2%
|
|
|
323
|
|
|
5.84
|
|
|
Kroger
|
|
—
|
|
|
||
159
|
|
Festival Center
|
|
Bradley
|
|
IL
|
|
Kankakee, IL
|
|
2006
|
|
63,796
|
|
100.0%
|
|
|
417
|
|
|
6.54
|
|
|
—
|
|
Big Lots, Dollar General
|
|
|
||
160
|
|
Southfield Plaza
|
|
Bridgeview
|
|
IL
|
|
Chicago-Naperville-Elgin, IL-IN-WI
|
|
2006
|
|
198,331
|
|
90.8%
|
|
|
1,876
|
|
|
10.42
|
|
|
Shop & Save Market
|
|
Hobby Lobby, Walgreens
|
|
|
||
161
|
|
Commons of Chicago Ridge
|
|
Chicago Ridge
|
|
IL
|
|
Chicago-Naperville-Elgin, IL-IN-WI
|
|
1998
|
|
324,977
|
|
85.4%
|
|
|
3,869
|
|
|
15.16
|
|
|
—
|
|
Marshalls, Office Depot, The Home Depot, XSport Fitness
|
|
|
||
162
|
|
Rivercrest Shopping Center
|
|
Crestwood
|
|
IL
|
|
Chicago-Naperville-Elgin, IL-IN-WI
|
|
1992
|
|
547,531
|
|
94.9%
|
|
|
6,268
|
|
|
13.11
|
|
|
Ultra Foods
|
|
AMC, Best Buy, Five Below, Party City, PetSmart, Ross Dress for Less, T.J.Maxx
|
|
|
||
163
|
|
The Commons of Crystal Lake
|
|
Crystal Lake
|
|
IL
|
|
Chicago-Naperville-Elgin, IL-IN-WI
|
|
1987
|
|
273,060
|
|
86.3%
|
|
|
2,363
|
|
|
10.02
|
|
|
Jewel-Osco (Albertsons)
|
|
Burlington Stores
|
|
Hobby Lobby
|
||
164
|
|
Elk Grove Town Center
|
|
Elk Grove Village
|
|
IL
|
|
Chicago-Naperville-Elgin, IL-IN-WI
|
|
1998
|
|
131,794
|
|
98.6%
|
|
|
2,107
|
|
|
16.21
|
|
|
—
|
|
Walgreens
|
|
|
||
165
|
|
Crossroads Centre
|
|
Fairview Heights
|
|
IL
|
|
St. Louis, MO-IL
|
|
1975
|
|
242,752
|
|
91.9%
|
|
|
1,944
|
|
|
8.71
|
|
|
Ruler Foods (Kroger)
|
|
Big Lots, Plato's Closet, Sky Zone, T.J.Maxx
|
|
|
||
166
|
|
Frankfort Crossing Shopping Center
|
Frankfort
|
|
IL
|
|
Chicago-Naperville-Elgin, IL-IN-WI
|
|
1992
|
|
114,534
|
|
96.3%
|
|
|
1,429
|
|
|
12.95
|
|
|
Jewel-Osco (Albertsons)
|
|
Ace Hardware
|
|
|
|||
167
|
|
Freeport Plaza
|
|
Freeport
|
|
IL
|
|
Freeport, IL
|
|
2000
|
|
87,846
|
|
88.3%
|
|
|
503
|
|
|
6.49
|
|
|
Cub Foods (Supervalu)
|
|
—
|
|
|
||
168
|
|
Westview Center
|
|
Hanover Park
|
|
IL
|
|
Chicago-Naperville-Elgin, IL-IN-WI
|
|
1989
|
|
326,422
|
|
93.0%
|
|
|
2,679
|
|
|
9.13
|
|
|
Tony's Finer Foods
|
|
Big Lots, LA Fitness, Sears Outlet
|
|
Value City
|
||
169
|
|
The Quentin Collection
|
|
Kildeer
|
|
IL
|
|
Chicago-Naperville-Elgin, IL-IN-WI
|
|
2006
|
|
171,530
|
|
98.6%
|
|
|
2,843
|
|
|
16.80
|
|
|
The Fresh Market
|
|
Best Buy, DSW, PetSmart, Stein Mart
|
|
|
||
170
|
|
Butterfield Square
|
|
Libertyville
|
|
IL
|
|
Chicago-Naperville-Elgin, IL-IN-WI
|
|
1997
|
|
106,755
|
|
98.8%
|
|
|
1,586
|
|
|
15.04
|
|
|
Sunset Foods
|
|
—
|
|
|
|
Property Name
|
|
City
|
|
State
|
|
Metropolitan Statistical Area
|
|
Year
Built
|
|
GLA
|
|
% Leased
|
|
ABR (,000's)
|
|
ABR/SF (1)
|
|
Grocer (2)
|
|
Other Major Tenants
|
|
Non-Owned Major Tenants
|
||||||
171
|
|
High Point Centre
|
|
Lombard
|
|
IL
|
|
Chicago-Naperville-Elgin, IL-IN-WI
|
|
1992
|
|
240,096
|
|
81.9%
|
|
|
1,769
|
|
|
9.00
|
|
|
Ultra Foods
|
|
Jo-Ann Fabric & Craft Stores, Office Depot
|
|
|
||
172
|
|
Long Meadow Commons
|
|
Mundelein
|
|
IL
|
|
Chicago-Naperville-Elgin, IL-IN-WI
|
|
1997
|
|
118,470
|
|
84.9%
|
|
|
1,535
|
|
|
16.19
|
|
|
Jewel-Osco
|
|
—
|
|
|
||
173
|
|
Westridge Court
|
|
Naperville
|
|
IL
|
|
Chicago-Naperville-Elgin, IL-IN-WI
|
|
1992
|
|
680,553
|
|
93.7%
|
|
|
8,220
|
|
|
12.89
|
|
|
—
|
|
Art Van Furniture, Big Lots, buybuy BABY, Gordmans, hhgregg, Marshalls, Old Navy, Party City, Star Cinema Grill, Turk Furniture, Ulta
|
|
|
||
174
|
|
Sterling Bazaar
|
|
Peoria
|
|
IL
|
|
Peoria, IL
|
|
1992
|
|
87,359
|
|
92.5%
|
|
|
760
|
|
|
9.62
|
|
|
Kroger
|
|
—
|
|
|
||
175
|
|
Rollins Crossing
|
|
Round Lake Beach
|
IL
|
|
Chicago-Naperville-Elgin, IL-IN-WI
|
|
1998
|
|
192,849
|
|
96.3%
|
|
|
1,997
|
|
|
17.67
|
|
|
—
|
|
LA Fitness, Regal Cinemas
|
|
|
|||
176
|
|
Twin Oaks Shopping Center
|
|
Silvis
|
|
IL
|
|
Davenport-Moline-Rock Island, IA-IL
|
|
1991
|
|
114,342
|
|
97.6%
|
|
|
734
|
|
|
6.58
|
|
|
Hy-Vee
|
|
Eye Surgeons Associates
|
|
|
||
177
|
|
Parkway Pointe
|
|
Springfield
|
|
IL
|
|
Springfield, IL
|
|
1994
|
|
38,737
|
|
85.9%
|
|
|
583
|
|
|
17.51
|
|
|
ALDI*
|
|
dressbarn, Family Christian Stores, Shoe Carnival
|
|
Target, Walmart
|
||
178
|
|
Sangamon Center North
|
|
Springfield
|
|
IL
|
|
Springfield, IL
|
|
1996
|
|
139,757
|
|
94.9%
|
|
|
1,324
|
|
|
9.98
|
|
|
Schnucks
|
|
U.S. Post Office
|
|
|
||
179
|
|
Tinley Park Plaza
|
|
Tinley Park
|
|
IL
|
|
Chicago-Naperville-Elgin, IL-IN-WI
|
|
1973
|
|
248,077
|
|
71.7%
|
|
|
2,202
|
|
|
12.38
|
|
|
Walt's Fine Foods
|
|
Planet Fitness, Tile Shop
|
|
|
||
180
|
|
Meridian Village
|
|
Carmel
|
|
IN
|
|
Indianapolis-Carmel-Anderson, IN
|
|
1990
|
|
130,769
|
|
81.4%
|
|
|
902
|
|
|
8.47
|
|
|
—
|
|
Dollar Tree, Godby Home Furnishings, Ollie's Bargain Outlet
|
|
|
||
181
|
|
Columbus Center
|
|
Columbus
|
|
IN
|
|
Columbus, IN
|
|
1964
|
|
143,050
|
|
100.0%
|
|
|
1,686
|
|
|
11.79
|
|
|
—
|
|
Big Lots, OfficeMax, T.J.Maxx, ULTA
|
|
Target
|
||
182
|
|
Elkhart Plaza West
|
|
Elkhart
|
|
IN
|
|
Elkhart-Goshen, IN
|
|
1997
|
|
81,651
|
|
91.2%
|
|
|
574
|
|
|
30.94
|
|
|
Martin's Super Market
|
|
CVS
|
|
|
||
183
|
|
Apple Glen Crossing
|
|
Fort Wayne
|
|
IN
|
|
Fort Wayne, IN
|
|
2002
|
|
150,163
|
|
91.2%
|
|
|
1,850
|
|
|
17.25
|
|
|
Walmart Supercenter*
|
|
Best Buy, Dick's Sporting Goods, PetSmart
|
|
Kohl's
|
||
184
|
|
Market Centre
|
|
Goshen
|
|
IN
|
|
Elkhart-Goshen, IN
|
|
1994
|
|
363,883
|
|
97.6%
|
|
|
2,326
|
|
|
9.47
|
|
|
Sam's Club
|
|
Walmart
|
|
|
||
185
|
|
Marwood Plaza
|
|
Indianapolis
|
|
IN
|
|
Indianapolis-Carmel-Anderson, IN
|
|
1992
|
|
107,080
|
|
84.1%
|
|
|
764
|
|
|
8.48
|
|
|
Kroger
|
|
—
|
|
|
||
186
|
|
Westlane Shopping Center
|
|
Indianapolis
|
|
IN
|
|
Indianapolis-Carmel-Anderson, IN
|
|
1968
|
|
71,602
|
|
100.0%
|
|
|
657
|
|
|
9.18
|
|
|
Save-A-Lot
|
|
Citi Trends
|
|
|
||
187
|
|
Valley View Plaza
|
|
Marion
|
|
IN
|
|
Marion, IN
|
|
1997
|
|
29,974
|
|
83.0%
|
|
|
336
|
|
|
13.51
|
|
|
Walmart Supercenter*
|
|
Aaron's
|
|
|
||
188
|
|
Bittersweet Plaza
|
|
Mishawaka
|
|
IN
|
|
South Bend-Mishawaka, IN-MI
|
|
2000
|
|
91,798
|
|
90.4%
|
|
|
731
|
|
|
8.81
|
|
|
Martin's Super Market
|
|
—
|
|
|
||
189
|
|
Lincoln Plaza
|
|
New Haven
|
|
IN
|
|
Fort Wayne, IN
|
|
1968
|
|
103,788
|
|
68.3%
|
|
|
539
|
|
|
7.60
|
|
|
Kroger
|
|
—
|
|
|
||
190
|
|
Speedway Super Center
|
|
Speedway
|
|
IN
|
|
Indianapolis-Carmel-Anderson, IN
|
|
1960
|
|
571,967
|
|
79.9%
|
|
|
4,127
|
|
|
9.09
|
|
|
Kroger
|
|
Kohl's, Oak Street Health Center, Petco, Sears Outlet, T.J.Maxx
|
|
|
||
191
|
|
Sagamore Park Centre
|
|
West Lafayette
|
|
IN
|
|
Lafayette-West Lafayette, IN
|
|
2017
|
|
132,027
|
|
100.0%
|
|
|
1,304
|
|
|
9.88
|
|
|
Pay Less (Kroger)
|
|
—
|
|
|
||
192
|
|
Westchester Square
|
|
Lenexa
|
|
KS
|
|
Kansas City, MO-KS
|
|
1987
|
|
155,518
|
|
89.5%
|
|
|
1,233
|
|
|
8.86
|
|
|
Hy-Vee
|
|
—
|
|
|
||
193
|
|
West Loop Shopping Center
|
|
Manhattan
|
|
KS
|
|
Manhattan, KS
|
|
2013
|
|
212,261
|
|
95.1%
|
|
|
1,763
|
|
|
14.13
|
|
|
Dillons (Kroger)
|
|
Bellus Academy, Jo-Ann Fabric & Craft Stores, Marshalls
|
|
|
||
194
|
|
Green River Plaza
|
|
Campbellsville
|
|
KY
|
|
Campbellsville, KY
|
|
1989
|
|
198,315
|
|
99.0%
|
|
|
1,419
|
|
|
7.23
|
|
|
Kroger
|
|
Burke's Outlet, Goody’s, JC Penney, Jo-Ann Fabric & Craft Stores, Tractor Supply Co.
|
|
|
||
195
|
|
North Dixie Plaza
|
|
Elizabethtown
|
|
KY
|
|
Elizabethtown-Fort Knox, KY
|
|
1992
|
|
130,466
|
|
100.0%
|
|
|
881
|
|
|
6.75
|
|
|
—
|
|
—
|
|
|
||
196
|
|
Florence Plaza - Florence Square
|
|
Florence
|
|
KY
|
|
Cincinnati, OH-KY-IN
|
|
2014
|
|
686,286
|
|
98.7%
|
|
|
7,258
|
|
|
13.45
|
|
|
Kroger
|
|
Barnes & Noble, Burlington Stores, Harbor Freight Tools, Hobby Lobby, Old Navy, Ollie's Bargain Outlet, Staples, T.J.Maxx
|
|
|
||
197
|
|
Highland Commons
|
|
Glasgow
|
|
KY
|
|
Glasgow, KY
|
|
1992
|
|
130,466
|
|
100.0%
|
|
|
780
|
|
|
5.98
|
|
|
Food Lion (Delhaize)
|
|
Kmart
|
|
|
||
198
|
|
Jeffersontown Commons
|
|
Jeffersontown
|
|
KY
|
|
Louisville/Jefferson County, KY-IN
|
|
1959
|
|
208,374
|
|
94.8%
|
|
|
1,775
|
|
|
9.47
|
|
|
—
|
|
King Pin Lanes, Louisville Athletic Club, Savers
|
|
|
||
199
|
|
Mist Lake Plaza
|
|
Lexington
|
|
KY
|
|
Lexington-Fayette, KY
|
|
1993
|
|
217,292
|
|
99.3%
|
|
|
1,565
|
|
|
7.26
|
|
|
—
|
|
Gabriel Brothers, Walmart
|
|
|
||
200
|
|
London Marketplace
|
|
London
|
|
KY
|
|
London, KY
|
|
1994
|
|
169,032
|
|
99.1%
|
|
|
1,118
|
|
|
6.68
|
|
|
Kroger
|
|
Goody's, Kmart
|
|
|
||
201
|
|
Eastgate Shopping Center
|
|
Louisville
|
|
KY
|
|
Louisville/Jefferson County, KY-IN
|
|
2002
|
|
174,947
|
|
100.0%
|
|
|
1,946
|
|
|
11.12
|
|
|
Kroger
|
|
Petco
|
|
|
||
202
|
|
Plainview Village
|
|
Louisville
|
|
KY
|
|
Louisville/Jefferson County, KY-IN
|
|
1997
|
|
165,467
|
|
94.7%
|
|
|
1,544
|
|
|
10.40
|
|
|
Kroger
|
|
Annie's Attic, Tuesday Morning
|
|
|
||
203
|
|
Stony Brook I & II
|
|
Louisville
|
|
KY
|
|
Louisville/Jefferson County, KY-IN
|
|
1988
|
|
158,940
|
|
99.4%
|
|
|
1,907
|
|
|
12.07
|
|
|
Kroger Marketplace
|
|
—
|
|
|
||
204
|
|
Towne Square North
|
|
Owensboro
|
|
KY
|
|
Owensboro, KY
|
|
1988
|
|
163,161
|
|
100.0%
|
|
|
1,319
|
|
|
8.08
|
|
|
—
|
|
Books-A-Million, Hobby Lobby, Office Depot
|
|
|
||
205
|
|
Lexington Road Plaza
|
|
Versailles
|
|
KY
|
|
Lexington-Fayette, KY
|
|
2007
|
|
197,668
|
|
96.7%
|
|
|
1,297
|
|
|
6.78
|
|
|
—
|
|
Kmart
|
|
|
||
206
|
|
Karam Shopping Center
|
|
Lafayette
|
|
LA
|
|
Lafayette, LA
|
|
1970
|
|
100,120
|
|
88.4%
|
|
|
313
|
|
|
3.54
|
|
|
Super 1 Foods
|
|
dd's Discounts (Ross)
|
|
|
||
207
|
|
Iberia Plaza
|
|
New Iberia
|
|
LA
|
|
Lafayette, LA
|
|
1992
|
|
131,731
|
|
99.0%
|
|
|
945
|
|
|
7.25
|
|
|
Super 1 Foods
|
|
—
|
|
|
||
208
|
|
Lagniappe Village
|
|
New Iberia
|
|
LA
|
|
Lafayette, LA
|
|
2010
|
|
201,360
|
|
98.5%
|
|
|
1,595
|
|
|
8.04
|
|
|
—
|
|
Big Lots, Citi Trends, Stage, T.J.Maxx
|
|
|
||
209
|
|
The Pines Shopping Center
|
|
Pineville
|
|
LA
|
|
Alexandria, LA
|
|
1991
|
|
179,039
|
|
97.8%
|
|
|
1,093
|
|
|
6.24
|
|
|
Super 1 Foods
|
|
—
|
|
|
||
210
|
|
Points West Plaza
|
|
Brockton
|
|
MA
|
|
Boston-Cambridge-Newton, MA-NH
|
|
1960
|
|
132,989
|
|
97.1%
|
|
|
1,018
|
|
|
7.88
|
|
|
PriceRite (Wakefern)
|
|
Citi Trends, L&M Bargain, Ocean State Job Lot
|
|
|
||
211
|
|
Burlington Square I, II & III
|
|
Burlington
|
|
MA
|
|
Boston-Cambridge-Newton, MA-NH
|
|
1992
|
|
74,800
|
|
100.0%
|
|
|
2,057
|
|
|
27.50
|
|
|
—
|
|
Golf Galaxy, Pyara Aveda Spa & Salon, Staples
|
|
|
||
212
|
|
Chicopee Marketplace
|
|
Chicopee
|
|
MA
|
|
Springfield, MA
|
|
2005
|
|
151,003
|
|
100.0%
|
|
|
2,750
|
|
|
18.86
|
|
|
Walmart Supercenter*
|
|
Marshalls, Party City, Staples
|
|
|
||
213
|
|
Holyoke Shopping Center
|
|
Holyoke
|
|
MA
|
|
Springfield, MA
|
|
2000
|
|
195,795
|
|
94.6%
|
|
|
1,504
|
|
|
11.86
|
|
|
Super Stop & Shop (Ahold)
|
|
Jo-Ann Fabric & Craft Stores, Ocean State Job Lot
|
|
|
||
214
|
|
WaterTower Plaza
|
|
Leominster
|
|
MA
|
|
Worcester, MA-CT
|
|
2000
|
|
282,591
|
|
89.7%
|
|
|
3,095
|
|
|
12.21
|
|
|
Shaw's (Albertsons)
|
|
Barnes & Noble, Michaels, Petco, Staples, T.J.Maxx
|
|
|
||
215
|
|
Lunenberg Crossing
|
|
Lunenburg
|
|
MA
|
|
Worcester, MA-CT
|
|
1994
|
|
25,515
|
|
58.8%
|
|
|
249
|
|
|
16.60
|
|
|
Hannaford Bros. (Delhaize)*
|
|
—
|
|
Walmart
|
|
Property Name
|
|
City
|
|
State
|
|
Metropolitan Statistical Area
|
|
Year
Built
|
|
GLA
|
|
% Leased
|
|
ABR (,000's)
|
|
ABR/SF (1)
|
|
Grocer (2)
|
|
Other Major Tenants
|
|
Non-Owned Major Tenants
|
||||||
216
|
|
Lynn Marketplace
|
|
Lynn
|
|
MA
|
|
Boston-Cambridge-Newton, MA-NH
|
|
1968
|
|
78,092
|
|
100.0%
|
|
|
1,137
|
|
|
14.56
|
|
|
Shaw's (Albertsons)
|
|
Rainbow
|
|
|
||
217
|
|
Webster Square Shopping Center
|
|
Marshfield
|
|
MA
|
|
Boston-Cambridge-Newton, MA-NH
|
|
2005
|
|
182,734
|
|
98.7%
|
|
|
2,239
|
|
|
12.41
|
|
|
Star Market (Albertsons)
|
|
Marshalls, Ocean State Job Lot
|
|
|
||
218
|
|
Berkshire Crossing
|
|
Pittsfield
|
|
MA
|
|
Pittsfield, MA
|
|
1994
|
|
442,354
|
|
97.7%
|
|
|
3,911
|
|
|
20.75
|
|
|
Market 32
|
|
Barnes & Noble, Michaels, Staples, The Home Depot, Ulta, Walmart
|
|
|
||
219
|
|
Westgate Plaza
|
|
Westfield
|
|
MA
|
|
Springfield, MA
|
|
1996
|
|
103,903
|
|
98.7%
|
|
|
1,165
|
|
|
11.70
|
|
|
—
|
|
Ocean State Job Lot, Staples, T.J.Maxx
|
|
|
||
220
|
|
Perkins Farm Marketplace
|
|
Worcester
|
|
MA
|
|
Worcester, MA-CT
|
|
1967
|
|
204,038
|
|
74.7%
|
|
|
1,858
|
|
|
21.80
|
|
|
Super Stop & Shop (Ahold)
|
|
Citi Trends, Fallas Paredes
|
|
|
||
221
|
|
South Plaza Shopping Center
|
|
California
|
|
MD
|
|
California-Lexington Park, MD
|
|
2005
|
|
92,335
|
|
100.0%
|
|
|
1,806
|
|
|
19.56
|
|
|
—
|
|
Best Buy, Old Navy, Petco, Ross Dress for Less
|
|
|
||
222
|
|
Campus Village Shoppes
|
|
College Park
|
|
MD
|
|
Washington-Arlington-Alexandria, DC-VA-MD-WV
|
1986
|
|
25,529
|
|
100.0%
|
|
|
738
|
|
|
28.91
|
|
|
—
|
|
—
|
|
|
|||
223
|
|
Fox Run
|
|
Prince Frederick
|
|
MD
|
|
Washington-Arlington-Alexandria, DC-VA-MD-WV
|
1997
|
|
292,849
|
|
99.3%
|
|
|
3,061
|
|
|
10.53
|
|
|
Giant Food (Ahold)
|
|
Jo-Ann Fabric & Craft Stores, Kmart, Peebles
|
|
|
|||
224
|
|
Liberty Plaza
|
|
Randallstown
|
|
MD
|
|
Baltimore-Columbia-Towson, MD
|
|
1962
|
|
218,862
|
|
100.0%
|
|
|
2,641
|
|
|
12.07
|
|
|
Walmart Supercenter
|
|
Marshalls
|
|
|
||
225
|
|
Rising Sun Towne Centre
|
|
Rising Sun
|
|
MD
|
|
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
|
1998
|
|
146,852
|
|
100.0%
|
|
|
1,801
|
|
|
12.55
|
|
|
Martin's Food (Ahold)
|
|
Big Lots
|
|
|
|||
226
|
|
Pine Tree Shopping Center
|
|
Portland
|
|
ME
|
|
Portland-South Portland, ME
|
|
1958
|
|
287,513
|
|
99.3%
|
|
|
1,964
|
|
|
16.76
|
|
|
—
|
|
Big Lots, Dollar Tree, Jo-Ann Fabric & Craft Stores, Lowe's
|
|
|
||
227
|
|
Maple Village
|
|
Ann Arbor
|
|
MI
|
|
Ann Arbor, MI
|
|
2017
|
|
287,387
|
|
87.2%
|
|
|
3,153
|
|
|
12.58
|
|
|
Plum Market
|
|
Dunham's Sports, HomeGoods, Sierra Trading Post, Stein Mart
|
|
|
||
228
|
|
Grand Crossing
|
|
Brighton
|
|
MI
|
|
Detroit-Warren-Dearborn, MI
|
|
2005
|
|
85,389
|
|
100.0%
|
|
|
894
|
|
|
10.47
|
|
|
VG's Food (SpartanNash)
|
|
ACE Hardware
|
|
|
||
229
|
|
Farmington Crossroads
|
|
Farmington
|
|
MI
|
|
Detroit-Warren-Dearborn, MI
|
|
1986
|
|
79,068
|
|
100.0%
|
|
|
808
|
|
|
10.22
|
|
|
—
|
|
Dollar Tree, Ollie's Bargain Outlet, True Value
|
|
|
||
230
|
|
Silver Pointe Shopping Center
|
|
Fenton
|
|
MI
|
|
Flint, MI
|
|
1996
|
|
160,943
|
|
87.5%
|
|
|
1,798
|
|
|
12.76
|
|
|
VG's Food (SpartanNash)
|
|
Dunham's Sports, Glik's
|
|
|
||
231
|
|
Cascade East
|
|
Grand Rapids
|
|
MI
|
|
Grand Rapids-Wyoming, MI
|
|
1983
|
|
99,529
|
|
78.1%
|
|
|
574
|
|
|
7.39
|
|
|
D&W Fresh Market (SpartanNash)
|
|
—
|
|
|
||
232
|
|
Delta Center
|
|
Lansing
|
|
MI
|
|
Lansing-East Lansing, MI
|
|
1985
|
|
186,246
|
|
96.1%
|
|
|
1,517
|
|
|
8.48
|
|
|
—
|
|
Bed Bath & Beyond, DXL Destination XL, Hobby Lobby, Planet Fitness
|
|
|
||
233
|
|
Lakes Crossing
|
|
Muskegon
|
|
MI
|
|
Muskegon, MI
|
|
2008
|
|
110,997
|
|
84.9%
|
|
|
1,403
|
|
|
16.28
|
|
|
—
|
|
Jo-Ann Fabric & Craft Stores, Party City, Shoe Carnival, Ulta
|
|
Kohl's
|
||
234
|
|
Redford Plaza
|
|
Redford
|
|
MI
|
|
Detroit-Warren-Dearborn, MI
|
|
1992
|
|
285,386
|
|
96.0%
|
|
|
2,593
|
|
|
9.46
|
|
|
Kroger
|
|
Ace Hardware, Burlington Stores, CW Price, Dollar Tree
|
|
|
||
235
|
|
Hampton Village Centre
|
|
Rochester Hills
|
|
MI
|
|
Detroit-Warren-Dearborn, MI
|
|
2004
|
|
454,377
|
|
92.6%
|
|
|
5,727
|
|
|
18.27
|
|
|
—
|
|
Best Buy, DSW, Emagine Theatre, Kohl's, Old Navy, T.J.Maxx, Ulta
|
|
Target
|
||
236
|
|
Fashion Corners
|
|
Saginaw
|
|
MI
|
|
Saginaw, MI
|
|
2004
|
|
184,735
|
|
100.0%
|
|
|
1,839
|
|
|
9.96
|
|
|
—
|
|
Bed Bath & Beyond, Best Buy, Dunham's Sports, Guitar Center, Harbor Freight Tools
|
|
|
||
237
|
|
Green Acres
|
|
Saginaw
|
|
MI
|
|
Saginaw, MI
|
|
2017
|
|
247,773
|
|
89.9%
|
|
|
1,469
|
|
|
14.43
|
|
|
Kroger
|
|
Planet Fitness, Rite Aid
|
|
|
||
238
|
|
Hall Road Crossing
|
|
Shelby Township
|
|
MI
|
|
Detroit-Warren-Dearborn, MI
|
|
1999
|
|
175,503
|
|
95.9%
|
|
|
2,314
|
|
|
13.75
|
|
|
—
|
|
Gander Mountain, Michaels, Old Navy, Ulta
|
|
|
||
239
|
|
Southfield Plaza
|
|
Southfield
|
|
MI
|
|
Detroit-Warren-Dearborn, MI
|
|
1970
|
|
101,724
|
|
98.5%
|
|
|
1,151
|
|
|
11.49
|
|
|
—
|
|
Party City, Planet Fitness
|
|
Burlington Stores
|
||
240
|
|
18 Ryan
|
|
Sterling Heights
|
|
MI
|
|
Detroit-Warren-Dearborn, MI
|
|
1997
|
|
101,709
|
|
100.0%
|
|
|
1,469
|
|
|
14.44
|
|
|
VG's Food (SpartanNash)
|
|
O'Reilly Auto Parts, Planet Fitness
|
|
|
||
241
|
|
Delco Plaza
|
|
Sterling Heights
|
|
MI
|
|
Detroit-Warren-Dearborn, MI
|
|
1996
|
|
154,853
|
|
100.0%
|
|
|
1,020
|
|
|
6.59
|
|
|
—
|
|
Babies"R"Us, Bed Bath & Beyond, Dunham's Mega Sports, Tenpenny Furniture
|
|
|
||
242
|
|
Grand Traverse Crossing
|
|
Traverse City
|
|
MI
|
|
Traverse City, MI
|
|
1996
|
|
411,758
|
|
100.0%
|
|
|
2,922
|
|
|
27.08
|
|
|
Walmart Supercenter
|
|
Books-A-Million, PetSmart, Staples, The Home Depot, Toys"R"Us, Ulta
|
|
|
||
243
|
|
West Ridge
|
|
Westland
|
|
MI
|
|
Detroit-Warren-Dearborn, MI
|
|
1989
|
|
162,874
|
|
72.0%
|
|
|
1,299
|
|
|
11.07
|
|
|
—
|
|
Bed Bath & Beyond, Crunch Fitness, Party City, Petco
|
|
Burlington Stores, Target
|
||
244
|
|
Roundtree Place
|
|
Ypsilanti
|
|
MI
|
|
Ann Arbor, MI
|
|
1992
|
|
246,620
|
|
96.9%
|
|
|
1,126
|
|
|
13.01
|
|
|
Walmart Supercenter
|
|
Harbor Freight Tools, Ollie's Bargain Outlet
|
|
|
||
245
|
|
Washtenaw Fountain Plaza
|
|
Ypsilanti
|
|
MI
|
|
Ann Arbor, MI
|
|
2005
|
|
123,706
|
|
96.0%
|
|
|
836
|
|
|
7.04
|
|
|
Save-A-Lot
|
|
Dollar Tree, Dunham's Sports, Planet Fitness
|
|
|
||
246
|
|
Southport Centre I - VI
|
|
Apple Valley
|
|
MN
|
|
Minneapolis-St. Paul-Bloomington, MN-WI
|
|
1985
|
|
124,937
|
|
98.9%
|
|
|
2,085
|
|
|
16.87
|
|
|
SuperTarget*
|
|
Best Buy, Dollar Tree, Walgreens
|
|
|
||
247
|
|
Austin Town Center
|
|
Austin
|
|
MN
|
|
Austin, MN
|
|
1999
|
|
108,486
|
|
67.5%
|
|
|
409
|
|
|
7.02
|
|
|
ALDI
|
|
Jo-Ann Fabric & Craft Stores
|
|
|
||
248
|
|
Burning Tree Plaza
|
|
Duluth
|
|
MN
|
|
Duluth, MN-WI
|
|
1987
|
|
182,969
|
|
98.6%
|
|
|
2,083
|
|
|
11.55
|
|
|
—
|
|
Best Buy, Dunham's Sports, Jo-Ann Fabric & Craft Stores, T.J.Maxx
|
|
|
||
249
|
|
Elk Park Center
|
|
Elk River
|
|
MN
|
|
Minneapolis-St. Paul-Bloomington, MN-WI
|
|
1999
|
|
204,992
|
|
92.0%
|
|
|
2,022
|
|
|
10.72
|
|
|
Cub Foods (Jerry's Foods)
|
|
OfficeMax
|
|
|
||
250
|
|
Westwind Plaza
|
|
Minnetonka
|
|
MN
|
|
Minneapolis-St. Paul-Bloomington, MN-WI
|
|
2007
|
|
87,942
|
|
95.0%
|
|
|
1,403
|
|
|
16.79
|
|
|
Cub Foods (Supervalu)*
|
|
—
|
|
|
||
251
|
|
Richfield Hub
|
|
Richfield
|
|
MN
|
|
Minneapolis-St. Paul-Bloomington, MN-WI
|
|
1952
|
|
213,595
|
|
89.5%
|
|
|
2,255
|
|
|
11.80
|
|
|
Rainbow Foods (Jerry's Foods)
|
|
FLEX Academy, Marshalls, Michaels
|
|
|
||
252
|
|
Roseville Center
|
|
Roseville
|
|
MN
|
|
Minneapolis-St. Paul-Bloomington, MN-WI
|
|
2000
|
|
69,537
|
|
57.2%
|
|
|
628
|
|
|
15.79
|
|
|
Cub Foods (Jerry's Foods)*
|
|
Dollar Tree
|
|
|
||
253
|
|
Marketplace @ 42
|
|
Savage
|
|
MN
|
|
Minneapolis-St. Paul-Bloomington, MN-WI
|
|
1999
|
|
114,505
|
|
96.9%
|
|
|
1,771
|
|
|
15.97
|
|
|
Fresh Thyme Farmers Market
|
|
Marshalls
|
|
|
||
254
|
|
Sun Ray Shopping Center
|
|
St. Paul
|
|
MN
|
|
Minneapolis-St. Paul-Bloomington, MN-WI
|
|
1958
|
|
291,020
|
|
92.2%
|
|
|
2,516
|
|
|
12.43
|
|
|
Cub Foods (Supervalu)
|
|
Planet Fitness, T.J.Maxx, Valu Thrift Store
|
|
|
||
255
|
|
White Bear Hills Shopping Center
|
|
White Bear Lake
|
|
MN
|
|
Minneapolis-St. Paul-Bloomington, MN-WI
|
|
1996
|
|
73,095
|
|
98.4%
|
|
|
703
|
|
|
9.77
|
|
|
Festival Foods
|
|
Dollar Tree
|
|
|
||
256
|
|
Ellisville Square
|
|
Ellisville
|
|
MO
|
|
St. Louis, MO-IL
|
|
1989
|
|
137,006
|
|
65.3%
|
|
|
1,119
|
|
|
12.51
|
|
|
—
|
|
Michaels, Party City, Tuesday Morning
|
|
|
||
257
|
|
Clocktower Place
|
|
Florissant
|
|
MO
|
|
St. Louis, MO-IL
|
|
1987
|
|
207,317
|
|
92.2%
|
|
|
1,475
|
|
|
7.85
|
|
|
ALDI
|
|
Florissant Furniture & Rug Gallery, K&G Fashion Superstore, Ross Dress for Less
|
|
|
|
Property Name
|
|
City
|
|
State
|
|
Metropolitan Statistical Area
|
|
Year
Built
|
|
GLA
|
|
% Leased
|
|
ABR (,000's)
|
|
ABR/SF (1)
|
|
Grocer (2)
|
|
Other Major Tenants
|
|
Non-Owned Major Tenants
|
||||||
258
|
|
Hub Shopping Center
|
|
Independence
|
|
MO
|
|
Kansas City, MO-KS
|
|
1995
|
|
160,423
|
|
92.5%
|
|
|
827
|
|
|
5.95
|
|
|
Price Chopper
|
|
—
|
|
|
||
259
|
|
Watts Mill Plaza
|
|
Kansas City
|
|
MO
|
|
Kansas City, MO-KS
|
|
1997
|
|
161,717
|
|
94.4%
|
|
|
1,324
|
|
|
8.67
|
|
|
Price Chopper
|
|
Ace Hardware
|
|
|
||
260
|
|
Liberty Corners
|
|
Liberty
|
|
MO
|
|
Kansas City, MO-KS
|
|
1987
|
|
124,808
|
|
91.4%
|
|
|
975
|
|
|
8.55
|
|
|
Price Chopper
|
|
—
|
|
|
||
261
|
|
Maplewood Square
|
|
Maplewood
|
|
MO
|
|
St. Louis, MO-IL
|
|
1998
|
|
71,590
|
|
93.6%
|
|
|
474
|
|
|
7.08
|
|
|
Shop 'n Save (Supervalu)
|
|
—
|
|
|
||
262
|
|
Clinton Crossing
|
|
Clinton
|
|
MS
|
|
Jackson, MS
|
|
1990
|
|
112,148
|
|
100.0%
|
|
|
1,092
|
|
|
10.26
|
|
|
Kroger
|
|
—
|
|
|
||
263
|
|
County Line Plaza
|
|
Jackson
|
|
MS
|
|
Jackson, MS
|
|
1997
|
|
221,127
|
|
94.5%
|
|
|
2,446
|
|
|
11.71
|
|
|
—
|
|
Burke's Outlet, Burlington Stores, Conn's, Kirkland's, Tuesday Morning
|
|
|
||
264
|
|
Devonshire Place
|
|
Cary
|
|
NC
|
|
Raleigh, NC
|
|
1996
|
|
106,680
|
|
100.0%
|
|
|
1,535
|
|
|
14.70
|
|
|
—
|
|
Burlington Stores, Dollar Tree, Golf Galaxy, REI
|
|
|
||
265
|
|
McMullen Creek Market
|
|
Charlotte
|
|
NC
|
|
Charlotte-Concord-Gastonia, NC-SC
|
|
1988
|
|
272,857
|
|
91.1%
|
|
|
3,240
|
|
|
13.03
|
|
|
Walmart Neighborhood Market
|
|
Burlington Stores, Dollar Tree, Rugged Wearhouse, Staples
|
|
|
||
266
|
|
The Commons at Chancellor Park
|
|
Charlotte
|
|
NC
|
|
Charlotte-Concord-Gastonia, NC-SC
|
|
1994
|
|
348,604
|
|
83.5%
|
|
|
1,651
|
|
|
8.91
|
|
|
—
|
|
Big Lots, Gabe's, The Home Depot, Value City Furniture
|
|
|
||
267
|
|
Macon Plaza
|
|
Franklin
|
|
NC
|
|
—
|
|
2001
|
|
92,787
|
|
94.1%
|
|
|
472
|
|
|
10.46
|
|
|
BI-LO (Southeastern Grocers)
|
|
Peebles
|
|
|
||
268
|
|
Garner Towne Square
|
|
Garner
|
|
NC
|
|
Raleigh, NC
|
|
1997
|
|
184,347
|
|
82.5%
|
|
|
1,855
|
|
|
12.20
|
|
|
Kroger
|
|
OfficeMax, PetSmart
|
|
Target, The Home Depot
|
||
269
|
|
Franklin Square
|
|
Gastonia
|
|
NC
|
|
Charlotte-Concord-Gastonia, NC-SC
|
|
1989
|
|
317,705
|
|
83.7%
|
|
|
3,020
|
|
|
12.83
|
|
|
Walmart Supercenter*
|
|
Best Buy, Dollar Tree, Michaels, Ross Dress for Less
|
|
|
||
270
|
|
Wendover Place
|
|
Greensboro
|
|
NC
|
|
Greensboro-High Point, NC
|
|
2000
|
|
406,768
|
|
98.1%
|
|
|
4,931
|
|
|
14.50
|
|
|
—
|
|
Babies"R"Us, Christmas Tree Shops, Dick's Sporting Goods, Kohl's, Old Navy, PetSmart
|
|
Ross Dress for Less, Target
|
||
271
|
|
University Commons
|
|
Greenville
|
|
NC
|
|
Greenville, NC
|
|
1996
|
|
233,153
|
|
96.2%
|
|
|
2,990
|
|
|
13.33
|
|
|
Harris Teeter (Kroger)
|
|
A.C. Moore, Barnes & Noble, Petco, T.J.Maxx
|
|
Target
|
||
272
|
|
Valley Crossing
|
|
Hickory
|
|
NC
|
|
Hickory-Lenoir-Morganton, NC
|
|
2014
|
|
191,431
|
|
100.0%
|
|
|
1,742
|
|
|
9.10
|
|
|
—
|
|
Academy Sports + Outdoors, Dollar Tree, Fallas Paredes, Harbor Freight Tools, Ollie's Bargain Outlet
|
|
|
||
273
|
|
Kinston Pointe
|
|
Kinston
|
|
NC
|
|
Kinston, NC
|
|
2001
|
|
250,580
|
|
99.6%
|
|
|
920
|
|
|
3.69
|
|
|
Walmart Supercenter
|
|
Dollar Tree
|
|
|
||
274
|
|
Magnolia Plaza
|
|
Morganton
|
|
NC
|
|
Hickory-Lenoir-Morganton, NC
|
|
1990
|
|
104,539
|
|
47.0%
|
|
|
246
|
|
|
5.01
|
|
|
Ingles
|
|
—
|
|
|
||
275
|
|
Roxboro Square
|
|
Roxboro
|
|
NC
|
|
Durham-Chapel Hill, NC
|
|
2005
|
|
97,226
|
|
93.8%
|
|
|
1,380
|
|
|
15.13
|
|
|
—
|
|
Person County Health & Human Services
|
|
|
||
276
|
|
Innes Street Market
|
|
Salisbury
|
|
NC
|
|
Charlotte-Concord-Gastonia, NC-SC
|
|
2002
|
|
349,425
|
|
98.5%
|
|
|
3,763
|
|
|
10.94
|
|
|
Food Lion (Delhaize)
|
|
Lowe's, Marshalls, Old Navy, PetSmart, Staples, Tinseltown
|
|
|
||
277
|
|
Salisbury Marketplace
|
|
Salisbury
|
|
NC
|
|
Charlotte-Concord-Gastonia, NC-SC
|
|
1987
|
|
79,732
|
|
72.7%
|
|
|
623
|
|
|
10.75
|
|
|
Food Lion (Delhaize)
|
|
Family Dollar
|
|
|
||
278
|
|
Crossroads
|
|
Statesville
|
|
NC
|
|
Charlotte-Concord-Gastonia, NC-SC
|
|
1997
|
|
340,189
|
|
98.1%
|
|
|
2,085
|
|
|
6.25
|
|
|
Walmart Supercenter
|
|
Big Lots, Burkes Outlet, Tractor Supply
|
|
|
||
279
|
|
Anson Station
|
|
Wadesboro
|
|
NC
|
|
—
|
|
1988
|
|
132,353
|
|
67.1%
|
|
|
549
|
|
|
6.18
|
|
|
Food Lion (Delhaize)
|
|
Peebles, Tractor Supply Co.
|
|
|
||
280
|
|
New Centre Market
|
|
Wilmington
|
|
NC
|
|
Wilmington, NC
|
|
1998
|
|
143,762
|
|
97.5%
|
|
|
1,983
|
|
|
14.55
|
|
|
—
|
|
OfficeMax, PetSmart, Sportsmans Warehouse
|
|
Target
|
||
281
|
|
University Commons
|
|
Wilmington
|
|
NC
|
|
Wilmington, NC
|
|
2007
|
|
235,345
|
|
98.5%
|
|
|
3,426
|
|
|
14.78
|
|
|
Lowes Foods
|
|
A.C. Moore, HomeGoods, T.J.Maxx
|
|
|
||
282
|
|
Whitaker Square
|
|
Winston Salem
|
|
NC
|
|
Winston-Salem, NC
|
|
1996
|
|
82,760
|
|
97.9%
|
|
|
1,200
|
|
|
14.81
|
|
|
Harris Teeter (Kroger)
|
|
—
|
|
|
||
283
|
|
Parkway Plaza
|
|
Winston-Salem
|
|
NC
|
|
Winston-Salem, NC
|
|
2005
|
|
283,830
|
|
89.9%
|
|
|
2,848
|
|
|
11.75
|
|
|
Super Compare Foods
|
|
Big Lots, Citi Trends, Office Depot
|
|
|
||
284
|
|
Stratford Commons
|
|
Winston-Salem
|
|
NC
|
|
Winston-Salem, NC
|
|
1995
|
|
72,308
|
|
94.8%
|
|
|
960
|
|
|
14.00
|
|
|
—
|
|
Golf Galaxy, Mattress Firm, OfficeMax
|
|
|
||
285
|
|
Bedford Grove
|
|
Bedford
|
|
NH
|
|
Manchester-Nashua, NH
|
|
1989
|
|
216,941
|
|
69.6%
|
|
|
1,352
|
|
|
42.52
|
|
|
—
|
|
Walmart
|
|
|
||
286
|
|
Capitol Shopping Center
|
|
Concord
|
|
NH
|
|
Concord, NH
|
|
2001
|
|
182,887
|
|
100.0%
|
|
|
2,000
|
|
|
11.19
|
|
|
DeMoulas Supermarkets
|
|
Burlington Stores, Jo-Ann Fabric & Craft Stores, Marshalls
|
|
|
||
287
|
|
Willow Springs Plaza
|
|
Nashua
|
|
NH
|
|
Manchester-Nashua, NH
|
|
1990
|
|
131,248
|
|
100.0%
|
|
|
2,354
|
|
|
19.55
|
|
|
—
|
|
JC Penney, New Hampshire Liquor and Wine Outlet, Petco
|
|
The Home Depot
|
||
288
|
|
Seacoast Shopping Center
|
|
Seabrook
|
|
NH
|
|
Boston-Cambridge-Newton, MA-NH
|
|
1991
|
|
91,690
|
|
78.7%
|
|
|
340
|
|
|
6.27
|
|
|
—
|
|
Jo-Ann Fabric & Craft Stores, NH1 MotorPlex
|
|
|
||
289
|
|
Tri-City Plaza
|
|
Somersworth
|
|
NH
|
|
Boston-Cambridge-Newton, MA-NH
|
|
1990
|
|
150,004
|
|
100.0%
|
|
|
1,472
|
|
|
9.81
|
|
|
Market Basket (DeMoulas Supermarkets)
|
|
T.J.Maxx
|
|
|
||
290
|
|
Laurel Square
|
|
Brick
|
|
NJ
|
|
New York-Newark-Jersey City, NY-NJ-PA
|
|
2003
|
|
246,235
|
|
67.1%
|
|
|
1,041
|
|
|
6.83
|
|
|
—
|
|
Kmart, Planet Fitness
|
|
|
||
291
|
|
the Shoppes at Cinnaminson
|
|
Cinnaminson
|
|
NJ
|
|
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
|
2010
|
|
298,309
|
|
95.9%
|
|
|
4,259
|
|
|
22.00
|
|
|
ShopRite
|
|
Burlington Stores, Ross Dress For Less
|
|
|
|||
292
|
|
Acme Clark
|
|
Clark
|
|
NJ
|
|
New York-Newark-Jersey City, NY-NJ-PA
|
|
2007
|
|
52,812
|
|
100.0%
|
|
|
1,422
|
|
|
26.93
|
|
|
Acme (Albertsons)
|
|
—
|
|
|
||
293
|
|
Collegetown Shopping Center
|
|
Glassboro
|
|
NJ
|
|
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
|
1966
|
|
250,408
|
|
97.5%
|
|
|
2,200
|
|
|
9.01
|
|
|
—
|
|
Kmart, LA Fitness, Staples
|
|
|
|||
294
|
|
Hamilton Plaza
|
|
Hamilton
|
|
NJ
|
|
Trenton, NJ
|
|
1972
|
|
148,919
|
|
98.0%
|
|
|
1,069
|
|
|
7.33
|
|
|
—
|
|
Hibachi Grill & Supreme Buffet, Kmart, Planet Fitness
|
|
|
||
295
|
|
Bennetts Mills Plaza
|
|
Jackson
|
|
NJ
|
|
New York-Newark-Jersey City, NY-NJ-PA
|
|
2002
|
|
127,230
|
|
89.5%
|
|
|
1,489
|
|
|
13.07
|
|
|
Super Stop & Shop (Ahold)
|
|
—
|
|
|
||
296
|
|
Lakewood Plaza
|
|
Lakewood
|
|
NJ
|
|
New York-Newark-Jersey City, NY-NJ-PA
|
|
1966
|
|
201,010
|
|
100.0%
|
|
|
3,166
|
|
|
15.75
|
|
|
Gourmet Glatt Market
|
|
Dollar Tree
|
|
|
||
297
|
|
Marlton Crossing
|
|
Marlton
|
|
NJ
|
|
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
|
1986
|
|
332,671
|
|
98.1%
|
|
|
5,524
|
|
|
16.93
|
|
|
—
|
|
Burlington Stores, DSW, HomeGoods, Michaels, T.J. Maxx
|
|
|
|||
298
|
|
Middletown Plaza
|
|
Middletown
|
|
NJ
|
|
New York-Newark-Jersey City, NY-NJ-PA
|
|
2001
|
|
197,066
|
|
87.7%
|
|
|
3,409
|
|
|
20.02
|
|
|
ShopRite
|
|
Petco, Rite Aid
|
|
|
||
299
|
|
Larchmont Centre
|
|
Mount Laurel
|
|
NJ
|
|
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
|
1985
|
|
103,787
|
|
92.0%
|
|
|
1,236
|
|
|
30.62
|
|
|
ShopRite
|
|
—
|
|
|
|||
300
|
|
Old Bridge Gateway
|
|
Old Bridge
|
|
NJ
|
|
New York-Newark-Jersey City, NY-NJ-PA
|
|
1995
|
|
246,120
|
|
91.2%
|
|
|
3,903
|
|
|
17.39
|
|
|
Bhavani Food Market
|
|
Marshalls, Modell's Sporting Goods, Pep Boys, Petco, Robert Wood Johnson Fitness
|
|
|
|
Property Name
|
|
City
|
|
State
|
|
Metropolitan Statistical Area
|
|
Year
Built
|
|
GLA
|
|
% Leased
|
|
ABR (,000's)
|
|
ABR/SF (1)
|
|
Grocer (2)
|
|
Other Major Tenants
|
|
Non-Owned Major Tenants
|
||||||
301
|
|
Morris Hills Shopping Center
|
|
Parsippany
|
|
NJ
|
|
New York-Newark-Jersey City, NY-NJ-PA
|
|
1994
|
|
159,561
|
|
97.6%
|
|
|
2,975
|
|
|
19.11
|
|
|
—
|
|
Blink Fitness (Equinox), Cinepolis, HomeGoods, Marshalls
|
|
|
||
302
|
|
Rio Grande Plaza
|
|
Rio Grande
|
|
NJ
|
|
Ocean City, NJ
|
|
1997
|
|
141,330
|
|
87.8%
|
|
|
1,446
|
|
|
11.65
|
|
|
ShopRite*
|
|
JC Penney, Peebles, PetSmart
|
|
|
||
303
|
|
Ocean Heights Plaza
|
|
Somers Point
|
|
NJ
|
|
Atlantic City-Hammonton, NJ
|
|
2006
|
|
179,199
|
|
99.1%
|
|
|
3,307
|
|
|
18.62
|
|
|
ShopRite
|
|
Pier 1 Imports, Staples
|
|
|
||
304
|
|
Springfield Place
|
|
Springfield
|
|
NJ
|
|
New York-Newark-Jersey City, NY-NJ-PA
|
|
1965
|
|
32,209
|
|
100.0%
|
|
|
389
|
|
|
12.08
|
|
|
ShopRite
|
|
—
|
|
|
||
305
|
|
Tinton Falls Plaza
|
|
Tinton Falls
|
|
NJ
|
|
New York-Newark-Jersey City, NY-NJ-PA
|
|
2006
|
|
98,410
|
|
80.1%
|
|
|
1,322
|
|
|
16.77
|
|
|
Acme (Albertsons)*
|
|
Dollar Tree, WOW! Fitness
|
|
|
||
306
|
|
Cross Keys Commons
|
|
Turnersville
|
|
NJ
|
|
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
|
1989
|
|
216,323
|
|
92.0%
|
|
|
3,072
|
|
|
15.98
|
|
|
Walmart Supercenter*
|
|
Marshalls, Ross Dress for Less, Staples, ULTA
|
|
|
|||
307
|
|
Dover Park Plaza
|
|
Yardville
|
|
NJ
|
|
Trenton, NJ
|
|
2005
|
|
56,638
|
|
82.2%
|
|
|
722
|
|
|
15.52
|
|
|
—
|
|
CVS, Dollar Tree
|
|
|
||
308
|
|
St Francis Plaza
|
|
Santa Fe
|
|
NM
|
|
Santa Fe, NM
|
|
1993
|
|
35,800
|
|
100.0%
|
|
|
460
|
|
|
12.85
|
|
|
Whole Foods Market
|
|
Walgreens
|
|
|
||
309
|
|
Smith's
|
|
Socorro
|
|
NM
|
|
—
|
|
1976
|
|
48,000
|
|
100.0%
|
|
|
506
|
|
|
10.54
|
|
|
—
|
|
—
|
|
|
||
310
|
|
Galleria Commons
|
|
Henderson
|
|
NV
|
|
Las Vegas-Henderson-Paradise, NV
|
|
1998
|
|
278,411
|
|
100.0%
|
|
|
3,217
|
|
|
11.70
|
|
|
—
|
|
Babies"R"Us, Burlington Stores, Kirkland’s, Stein Mart, T.J.Maxx, Tuesday Morning
|
|
|
||
311
|
|
Montecito Marketplace
|
|
Las Vegas
|
|
NV
|
|
Las Vegas-Henderson-Paradise, NV
|
|
2006
|
|
190,434
|
|
100.0%
|
|
|
3,779
|
|
|
30.21
|
|
|
Smith's (Kroger)
|
|
T.J.Maxx
|
|
|
||
312
|
|
Renaissance Center East
|
|
Las Vegas
|
|
NV
|
|
Las Vegas-Henderson-Paradise, NV
|
|
1981
|
|
144,216
|
|
80.5%
|
|
|
1,350
|
|
|
11.63
|
|
|
—
|
|
Savers
|
|
|
||
313
|
|
Parkway Plaza
|
|
Carle Place
|
|
NY
|
|
New York-Newark-Jersey City, NY-NJ-PA
|
|
1993
|
|
89,704
|
|
100.0%
|
|
|
2,637
|
|
|
29.40
|
|
|
—
|
|
Minado, Stew Leonard's Wines, T.J.Maxx
|
|
|
||
314
|
|
Erie Canal Centre
|
|
Dewitt
|
|
NY
|
|
Syracuse, NY
|
|
2017
|
|
115,500
|
|
43.4%
|
|
|
651
|
|
|
13.00
|
|
|
—
|
|
Dick's Sporting Goods
|
|
|
||
315
|
|
Unity Plaza
|
|
East Fishkill
|
|
NY
|
|
New York-Newark-Jersey City, NY-NJ-PA
|
|
2005
|
|
67,462
|
|
100.0%
|
|
|
1,422
|
|
|
21.08
|
|
|
Acme (Albertsons) *
|
|
—
|
|
|
||
316
|
|
Suffolk Plaza
|
|
East Setauket
|
|
NY
|
|
New York-Newark-Jersey City, NY-NJ-PA
|
|
1998
|
|
84,480
|
|
27.8%
|
|
|
688
|
|
|
29.30
|
|
|
BJ's Wholesale*, Walmart Supercenter*
|
|
—
|
|
Kohl's
|
||
317
|
|
Three Village Shopping Center
|
|
East Setauket
|
|
NY
|
|
New York-Newark-Jersey City, NY-NJ-PA
|
|
1991
|
|
77,458
|
|
92.6%
|
|
|
1,859
|
|
|
25.91
|
|
|
—
|
|
Ace Hardware
|
|
|
||
318
|
|
Stewart Plaza
|
|
Garden City
|
|
NY
|
|
New York-Newark-Jersey City, NY-NJ-PA
|
|
1990
|
|
193,622
|
|
90.2%
|
|
|
2,876
|
|
|
16.46
|
|
|
—
|
|
Burlington Stores, K&G Fashion Superstore
|
|
|
||
319
|
|
Genesee Valley Shopping Center
|
|
Geneseo
|
|
NY
|
|
Rochester, NY
|
|
2007
|
|
191,314
|
|
90.3%
|
|
|
1,642
|
|
|
9.81
|
|
|
Wegmans
|
|
Peebles, Tractor Supply Co.
|
|
|
||
320
|
|
McKinley Plaza
|
|
Hamburg
|
|
NY
|
|
Buffalo-Cheektowaga-Niagara Falls, NY
|
|
1991
|
|
95,544
|
|
97.9%
|
|
|
1,379
|
|
|
15.13
|
|
|
Wegmans*
|
|
A.C. Moore, T.J.Maxx
|
|
|
||
321
|
|
Dalewood I, II & III Shopping Center
|
|
Hartsdale
|
|
NY
|
|
New York-Newark-Jersey City, NY-NJ-PA
|
|
1972
|
|
191,441
|
|
100.0%
|
|
|
6,468
|
|
|
34.52
|
|
|
H-Mart, Best Market
|
|
Christmas Tree Shops, Rite Aid, T.J.Maxx
|
|
|
||
322
|
|
Hornell Plaza
|
|
Hornell
|
|
NY
|
|
Corning, NY
|
|
2005
|
|
253,335
|
|
100.0%
|
|
|
2,101
|
|
|
8.29
|
|
|
Wegmans
|
|
Walmart
|
|
|
||
323
|
|
Cayuga Mall
|
|
Ithaca
|
|
NY
|
|
Ithaca, NY
|
|
1969
|
|
204,830
|
|
84.0%
|
|
|
1,512
|
|
|
8.79
|
|
|
—
|
|
Big Lots, Jo-Ann Fabric & Craft Stores, Party City, Rite Aid, True Value
|
|
|
||
324
|
|
Kings Park Plaza
|
|
Kings Park
|
|
NY
|
|
New York-Newark-Jersey City, NY-NJ-PA
|
|
1985
|
|
71,942
|
|
97.4%
|
|
|
1,683
|
|
|
24.02
|
|
|
Key Food Marketplace
|
|
T.J.Maxx
|
|
|
||
325
|
|
Village Square Shopping Center
|
|
Larchmont
|
|
NY
|
|
New York-Newark-Jersey City, NY-NJ-PA
|
|
1981
|
|
17,000
|
|
100.0%
|
|
|
583
|
|
|
34.29
|
|
|
Trader Joe's
|
|
—
|
|
|
||
326
|
|
Falcaro's Plaza
|
|
Lawrence
|
|
NY
|
|
New York-Newark-Jersey City, NY-NJ-PA
|
|
1972
|
|
61,118
|
|
100.0%
|
|
|
1,294
|
|
|
21.17
|
|
|
—
|
|
Advance Auto Parts
|
|
|
||
327
|
|
Shops at Seneca Mall
|
|
Liverpool
|
|
NY
|
|
Syracuse, NY
|
|
2005
|
|
230,924
|
|
66.7%
|
|
|
734
|
|
|
4.76
|
|
|
—
|
|
Big Lots, Kmart
|
|
Raymour & Flanigan
|
||
328
|
|
Mamaroneck Centre
|
|
Mamaroneck
|
|
NY
|
|
New York-Newark-Jersey City, NY-NJ-PA
|
|
1976
|
|
24,978
|
|
49.0%
|
|
|
514
|
|
|
42.02
|
|
|
—
|
|
CVS
|
|
|
||
329
|
|
Sunshine Square
|
|
Medford
|
|
NY
|
|
New York-Newark-Jersey City, NY-NJ-PA
|
|
2007
|
|
223,322
|
|
90.9%
|
|
|
2,735
|
|
|
13.48
|
|
|
Super Stop & Shop (Ahold)
|
|
Planet Fitness
|
|
|
||
330
|
|
Wallkill Plaza
|
|
Middletown
|
|
NY
|
|
New York-Newark-Jersey City, NY-NJ-PA
|
|
1986
|
|
209,960
|
|
95.5%
|
|
|
2,002
|
|
|
10.30
|
|
|
—
|
|
Ashley Furniture, Big Lots, Citi Trends, Hobby Lobby
|
|
|
||
331
|
|
Monroe ShopRite Plaza
|
|
Monroe
|
|
NY
|
|
New York-Newark-Jersey City, NY-NJ-PA
|
|
1985
|
|
122,007
|
|
100.0%
|
|
|
1,887
|
|
|
15.47
|
|
|
ShopRite
|
|
Retro Fitness, Rite Aid, U.S. Post Office
|
|
|
||
332
|
|
Rockland Plaza
|
|
Nanuet
|
|
NY
|
|
New York-Newark-Jersey City, NY-NJ-PA
|
|
2006
|
|
251,537
|
|
100.0%
|
|
|
6,634
|
|
|
26.37
|
|
|
A Matter of Health
|
|
Barnes & Noble, Lemon Pop, Marshalls, Modell's Sporting Goods, Petco
|
|
|
||
333
|
|
North Ridge Shopping Center
|
|
New Rochelle
|
|
NY
|
|
New York-Newark-Jersey City, NY-NJ-PA
|
|
1971
|
|
31,870
|
|
96.8%
|
|
|
1,294
|
|
|
41.96
|
|
|
—
|
|
Harmon Discount
|
|
|
||
334
|
|
Nesconset Shopping Center
|
|
Port Jefferson Station
|
NY
|
|
New York-Newark-Jersey City, NY-NJ-PA
|
|
1961
|
|
122,996
|
|
95.9%
|
|
|
2,443
|
|
|
20.70
|
|
|
—
|
|
Dollar Tree, HomeGoods
|
|
|
|||
335
|
|
Port Washington
|
|
Port Washington
|
|
NY
|
|
New York-Newark-Jersey City, NY-NJ-PA
|
|
1968
|
|
19,600
|
|
100.0%
|
|
|
112
|
|
|
5.71
|
|
|
North Shore Farms
|
|
—
|
|
|
||
336
|
|
Roanoke Plaza
|
|
Riverhead
|
|
NY
|
|
New York-Newark-Jersey City, NY-NJ-PA
|
|
2002
|
|
99,131
|
|
98.9%
|
|
|
1,777
|
|
|
18.13
|
|
|
Best Yet Market
|
|
CVS, T.J.Maxx
|
|
|
||
337
|
|
Rockville Centre
|
|
Rockville Centre
|
|
NY
|
|
New York-Newark-Jersey City, NY-NJ-PA
|
|
1975
|
|
44,131
|
|
94.3%
|
|
|
1,095
|
|
|
26.30
|
|
|
—
|
|
HomeGoods, Rite Aid
|
|
|
||
338
|
|
Mohawk Acres Plaza
|
|
Rome
|
|
NY
|
|
Utica-Rome, NY
|
|
2005
|
|
156,680
|
|
85.1%
|
|
|
1,360
|
|
|
21.48
|
|
|
Price Chopper
|
|
Family Dollar
|
|
|
||
339
|
|
College Plaza
|
|
Selden
|
|
NY
|
|
New York-Newark-Jersey City, NY-NJ-PA
|
|
2013
|
|
180,182
|
|
95.6%
|
|
|
3,006
|
|
|
17.92
|
|
|
ShopRite
|
|
A.C. Moore, Blink Fitness (Equinox), Bob's Stores
|
|
|
||
340
|
|
Campus Plaza
|
|
Vestal
|
|
NY
|
|
Binghamton, NY
|
|
2003
|
|
160,744
|
|
98.4%
|
|
|
1,834
|
|
|
11.59
|
|
|
—
|
|
Olum's Furniture & Appliances, Rite Aid, Staples
|
|
|
||
341
|
|
Parkway Plaza
|
|
Vestal
|
|
NY
|
|
Binghamton, NY
|
|
1995
|
|
204,954
|
|
100.0%
|
|
|
2,119
|
|
|
10.34
|
|
|
PriceRite (Wakefern)
|
|
Bed Bath & Beyond, Kohl's, PetSmart, Target
|
|
Target
|
||
342
|
|
Shoppes at Vestal
|
|
Vestal
|
|
NY
|
|
Binghamton, NY
|
|
2000
|
|
92,328
|
|
100.0%
|
|
|
1,445
|
|
|
15.65
|
|
|
—
|
|
HomeGoods, Michaels, Old Navy
|
|
|
||
343
|
|
Town Square Mall
|
|
Vestal
|
|
NY
|
|
Binghamton, NY
|
|
1991
|
|
293,181
|
|
99.4%
|
|
|
4,682
|
|
|
16.07
|
|
|
Sam's Club*, Walmart Supercenter*
|
|
A.C. Moore, AMC Cinemas, Barnes & Noble, Dick's Sporting Goods, DSW, T.J.Maxx, Ulta
|
|
|
||
344
|
|
The Plaza at Salmon Run
|
|
Watertown
|
|
NY
|
|
Watertown-Fort Drum, NY
|
|
1993
|
|
68,761
|
|
94.1%
|
|
|
707
|
|
|
10.92
|
|
|
Hannaford Bros. (Delhaize)
|
|
Lowes, Pier 1 Imports
|
|
|
|
Property Name
|
|
City
|
|
State
|
|
Metropolitan Statistical Area
|
|
Year
Built
|
|
GLA
|
|
% Leased
|
|
ABR (,000's)
|
|
ABR/SF (1)
|
|
Grocer (2)
|
|
Other Major Tenants
|
|
Non-Owned Major Tenants
|
||||||
345
|
|
Highridge Plaza
|
|
Yonkers
|
|
NY
|
|
New York-Newark-Jersey City, NY-NJ-PA
|
|
1977
|
|
88,501
|
|
94.5%
|
|
|
2,226
|
|
|
26.62
|
|
|
H-Mart
|
|
—
|
|
|
||
346
|
|
Brunswick Town Center
|
|
Brunswick
|
|
OH
|
|
Cleveland-Elyria, OH
|
|
2004
|
|
138,407
|
|
94.5%
|
|
|
1,833
|
|
|
14.02
|
|
|
Giant Eagle
|
|
—
|
|
The Home Depot
|
||
347
|
|
30th Street Plaza
|
|
Canton
|
|
OH
|
|
Canton-Massillon, OH
|
|
1999
|
|
157,055
|
|
87.7%
|
|
|
1,468
|
|
|
10.66
|
|
|
Giant Eagle, Marc's
|
|
—
|
|
|
||
348
|
|
Brentwood Plaza
|
|
Cincinnati
|
|
OH
|
|
Cincinnati, OH-KY-IN
|
|
2004
|
|
222,174
|
|
94.4%
|
|
|
2,209
|
|
|
16.62
|
|
|
Kroger
|
|
Mattress Express, Petco, Planet Fitness
|
|
|
||
349
|
|
Delhi Shopping Center
|
|
Cincinnati
|
|
OH
|
|
Cincinnati, OH-KY-IN
|
|
1973
|
|
164,750
|
|
96.8%
|
|
|
1,393
|
|
|
8.74
|
|
|
Kroger
|
|
Pet Supplies Plus
|
|
|
||
350
|
|
Harpers Station
|
|
Cincinnati
|
|
OH
|
|
Cincinnati, OH-KY-IN
|
|
1994
|
|
252,233
|
|
98.5%
|
|
|
3,447
|
|
|
13.87
|
|
|
Fresh Thyme Farmers Market
|
|
HomeGoods, LA Fitness, Pet Supplies Plus, Stein Mart, T.J.Maxx
|
|
|
||
351
|
|
Western Hills Plaza
|
|
Cincinnati
|
|
OH
|
|
Cincinnati, OH-KY-IN
|
|
1954
|
|
316,154
|
|
99.1%
|
|
|
3,844
|
|
|
12.61
|
|
|
—
|
|
Bed Bath & Beyond, Michaels, Sears, Staples, T.J.Maxx
|
|
Target
|
||
352
|
|
Western Village
|
|
Cincinnati
|
|
OH
|
|
Cincinnati, OH-KY-IN
|
|
2005
|
|
115,116
|
|
93.8%
|
|
|
943
|
|
|
30.08
|
|
|
Kroger
|
|
—
|
|
|
||
353
|
|
Crown Point
|
|
Columbus
|
|
OH
|
|
Columbus, OH
|
|
1980
|
|
144,931
|
|
94.8%
|
|
|
1,356
|
|
|
9.87
|
|
|
Kroger
|
|
Dollar Tree, Planet Fitness
|
|
|
||
354
|
|
Greentree Shopping Center
|
|
Columbus
|
|
OH
|
|
Columbus, OH
|
|
2005
|
|
130,773
|
|
84.8%
|
|
|
1,144
|
|
|
11.12
|
|
|
Kroger
|
|
—
|
|
|
||
355
|
|
Brandt Pike Place
|
|
Dayton
|
|
OH
|
|
Dayton, OH
|
|
2008
|
|
17,900
|
|
88.8%
|
|
|
151
|
|
|
9.50
|
|
|
Kroger*
|
|
—
|
|
|
||
356
|
|
South Towne Centre
|
|
Dayton
|
|
OH
|
|
Dayton, OH
|
|
1972
|
|
333,998
|
|
100.0%
|
|
|
4,395
|
|
|
14.10
|
|
|
Health Foods Unlimited
|
|
Burlington Stores, Christmas Tree Shops, Jo-Ann Fabric & Craft Stores, Party City, Petsmart, Value City Furniture
|
|
|
||
357
|
|
The Vineyards
|
|
Eastlake
|
|
OH
|
|
Cleveland-Elyria, OH
|
|
1989
|
|
144,820
|
|
90.9%
|
|
|
733
|
|
|
5.57
|
|
|
—
|
|
Dollar Tree, Harbor Freight Tools
|
|
|
||
358
|
|
Southland Shopping Center
|
|
Middleburg Heights
|
OH
|
|
Cleveland-Elyria, OH
|
|
1951
|
|
695,261
|
|
96.4%
|
|
|
6,717
|
|
|
10.07
|
|
|
BJ's Wholesale Club, Giant Eagle, Marc's
|
|
Aspire Fitness, Burlington Stores, Cleveland Furniture Bank, Jo-Ann Fabric & Craft Stores, Marshalls, Party City
|
|
|
|||
359
|
|
The Shoppes at North Olmsted
|
|
North Olmsted
|
|
OH
|
|
Cleveland-Elyria, OH
|
|
2002
|
|
70,003
|
|
98.2%
|
|
|
1,037
|
|
|
15.09
|
|
|
—
|
|
Ollie's Bargain Outlet, Sears Outlet
|
|
|
||
360
|
|
The Shoppes at North Ridgeville
|
|
North Ridgeville
|
|
OH
|
|
Cleveland-Elyria, OH
|
|
2002
|
|
59,852
|
|
98.0%
|
|
|
873
|
|
|
14.88
|
|
|
—
|
|
Pat Catan's Craft Centers
|
|
|
||
361
|
|
Surrey Square Mall
|
|
Norwood
|
|
OH
|
|
Cincinnati, OH-KY-IN
|
|
2010
|
|
175,167
|
|
96.8%
|
|
|
2,163
|
|
|
25.35
|
|
|
Kroger
|
|
Marshalls
|
|
|
||
362
|
|
Market Place
|
|
Piqua
|
|
OH
|
|
Dayton, OH
|
|
1972
|
|
182,487
|
|
93.9%
|
|
|
702
|
|
|
7.21
|
|
|
Kroger
|
|
Roses
|
|
|
||
363
|
|
Brice Park
|
|
Reynoldsburg
|
|
OH
|
|
Columbus, OH
|
|
1989
|
|
158,565
|
|
85.8%
|
|
|
1,193
|
|
|
9.58
|
|
|
—
|
|
Ashley Furniture, Citi Trends, Michaels
|
|
|
||
364
|
|
Streetsboro Crossing
|
|
Streetsboro
|
|
OH
|
|
Akron, OH
|
|
2002
|
|
89,436
|
|
100.0%
|
|
|
685
|
|
|
7.66
|
|
|
Giant Eagle
|
|
—
|
|
Lowe's, Target
|
||
365
|
|
Miracle Mile Shopping Plaza
|
|
Toledo
|
|
OH
|
|
Toledo, OH
|
|
1955
|
|
315,515
|
|
82.3%
|
|
|
1,971
|
|
|
12.84
|
|
|
Kroger
|
|
Aspire Fitness, Big Lots, Harbor Freight Tools
|
|
|
||
366
|
|
Southland Shopping Plaza
|
|
Toledo
|
|
OH
|
|
Toledo, OH
|
|
1988
|
|
290,892
|
|
85.2%
|
|
|
1,543
|
|
|
6.23
|
|
|
Kroger
|
|
Big Lots, Planet Fitness, Shopper's World
|
|
|
||
367
|
|
Wadsworth Crossings
|
|
Wadsworth
|
|
OH
|
|
Cleveland-Elyria, OH
|
|
2005
|
|
115,097
|
|
97.4%
|
|
|
1,864
|
|
|
16.62
|
|
|
—
|
|
Bed Bath & Beyond, MC Sports, OfficeMax, Petco
|
|
Kohl's, Lowe's, Target
|
||
368
|
|
Northgate Plaza
|
|
Westerville
|
|
OH
|
|
Columbus, OH
|
|
2008
|
|
15,219
|
|
100.0%
|
|
|
248
|
|
|
16.30
|
|
|
Kroger*
|
|
—
|
|
The Home Depot
|
||
369
|
|
Marketplace
|
|
Tulsa
|
|
OK
|
|
Tulsa, OK
|
|
1992
|
|
186,851
|
|
100.0%
|
|
|
1,792
|
|
|
9.59
|
|
|
—
|
|
Conn's, Drysdales Western Wear, PetSmart
|
|
Best Buy, JC Penney Home Store
|
||
370
|
|
Village West
|
|
Allentown
|
|
PA
|
|
Allentown-Bethlehem-Easton, PA-NJ
|
|
1999
|
|
140,474
|
|
98.8%
|
|
|
2,583
|
|
|
18.60
|
|
|
Giant Food (Ahold)
|
|
CVS
|
|
|
||
371
|
|
Park Hills Plaza
|
|
Altoona
|
|
PA
|
|
Altoona, PA
|
|
1985
|
|
278,586
|
|
79.7%
|
|
|
1,957
|
|
|
8.81
|
|
|
Weis Markets
|
|
A.C. Moore, Dunham's Sports, Shoe Carnival, Toys"R"Us
|
|
|
||
372
|
|
Bensalem Square
|
|
Bensalem
|
|
PA
|
|
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
|
1986
|
|
70,378
|
|
100.0%
|
|
|
745
|
|
|
10.59
|
|
|
Redner's Warehouse Market
|
|
—
|
|
|
|||
373
|
|
Bethel Park Shopping Center
|
|
Bethel Park
|
|
PA
|
|
Pittsburgh, PA
|
|
1965
|
|
199,079
|
|
100.0%
|
|
|
1,914
|
|
|
10.66
|
|
|
Giant Eagle
|
|
Walmart
|
|
|
||
374
|
|
Bethlehem Square
|
|
Bethlehem
|
|
PA
|
|
Allentown-Bethlehem-Easton, PA-NJ
|
|
1994
|
|
389,450
|
|
100.0%
|
|
|
3,907
|
|
|
15.11
|
|
|
Giant Food (Ahold)
|
|
T.J.Maxx, The Home Depot, Walmart
|
|
|
||
375
|
|
Lehigh Shopping Center
|
|
Bethlehem
|
|
PA
|
|
Allentown-Bethlehem-Easton, PA-NJ
|
|
1955
|
|
378,358
|
|
97.3%
|
|
|
3,373
|
|
|
11.48
|
|
|
Giant Food (Ahold)
|
|
Big Lots, Mega Marshalls, PetSmart, Rite Aid, Staples, Wells Fargo
|
|
|
||
376
|
|
Bristol Park
|
|
Bristol
|
|
PA
|
|
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
|
1993
|
|
283,153
|
|
95.2%
|
|
|
2,316
|
|
|
8.59
|
|
|
Walmart Supercenter
|
|
—
|
|
|
|||
377
|
|
Chalfont Village Shopping Center
|
|
Chalfont
|
|
PA
|
|
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
|
1989
|
|
46,051
|
|
77.7%
|
|
|
428
|
|
|
11.96
|
|
|
—
|
|
—
|
|
|
|||
378
|
|
New Britain Village Square
|
|
Chalfont
|
|
PA
|
|
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
|
1989
|
|
143,716
|
|
95.4%
|
|
|
2,426
|
|
|
17.69
|
|
|
Giant Food (Ahold)
|
|
Tuesday Morning
|
|
|
|||
379
|
|
Collegeville Shopping Center
|
|
Collegeville
|
|
PA
|
|
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
|
2017
|
|
110,696
|
|
64.2%
|
|
|
915
|
|
|
12.88
|
|
|
Kimberton Whole Foods
|
|
Pep Boys, Rascal Fitness
|
|
|
|||
380
|
|
Whitemarsh Shopping Center
|
|
Conshohocken
|
|
PA
|
|
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
|
2002
|
|
67,476
|
|
100.0%
|
|
|
1,491
|
|
|
22.10
|
|
|
Giant Food (Ahold)
|
|
Wine & Spirits Shoppe
|
|
|
|||
381
|
|
Valley Fair
|
|
Devon
|
|
PA
|
|
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
|
2001
|
|
105,086
|
|
100.0%
|
|
|
1,076
|
|
|
10.24
|
|
|
—
|
|
Chuck E. Cheese's, Mealey's Furniture
|
|
|
|||
382
|
|
Dickson City Crossings
|
|
Dickson City
|
|
PA
|
|
Scranton--Wilkes-Barre--Hazleton, PA
|
|
1997
|
|
312,699
|
|
100.0%
|
|
|
3,215
|
|
|
16.14
|
|
|
—
|
|
Dick's Sporting Goods, hhgregg, Party City, PetSmart, T.J.Maxx, The Home Depot
|
|
|
||
383
|
|
Dillsburg Shopping Center
|
|
Dillsburg
|
|
PA
|
|
York-Hanover, PA
|
|
1994
|
|
153,088
|
|
93.3%
|
|
|
1,822
|
|
|
13.02
|
|
|
Giant Food (Ahold)
|
|
Rite Aid, Tractor Supply Co.
|
|
|
||
384
|
|
Barn Plaza
|
|
Doylestown
|
|
PA
|
|
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
|
2002
|
|
237,681
|
|
100.0%
|
|
|
3,371
|
|
|
14.18
|
|
|
—
|
|
Kohl's, Marshalls, Regal Cinemas
|
|
|
|||
385
|
|
Pilgrim Gardens
|
|
Drexel Hill
|
|
PA
|
|
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
|
1955
|
|
75,223
|
|
100.0%
|
|
|
1,234
|
|
|
16.41
|
|
|
—
|
|
Dollar Tree, Ross Dress for Less
|
|
|
|||
386
|
|
Gilbertsville Shopping Center
|
|
Gilbertsville
|
|
PA
|
|
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
|
2002
|
|
85,576
|
|
95.6%
|
|
|
789
|
|
|
9.64
|
|
|
Weis Markets
|
|
Wine & Spirits
|
|
|
|||
387
|
|
Mount Carmel Plaza
|
|
Glenside
|
|
PA
|
|
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
|
1975
|
|
14,504
|
|
94.1%
|
|
|
184
|
|
|
13.48
|
|
|
—
|
|
SGS Paper
|
|
|
|||
388
|
|
Kline Plaza
|
|
Harrisburg
|
|
PA
|
|
Harrisburg-Carlisle, PA
|
|
1952
|
|
214,628
|
|
89.5%
|
|
|
1,786
|
|
|
9.29
|
|
|
Giant Food (Ahold)
|
|
Citi Trends
|
|
|
||
389
|
|
New Garden Center
|
|
Kennett Square
|
|
PA
|
|
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
|
1979
|
|
144,920
|
|
96.2%
|
|
|
1,025
|
|
|
7.51
|
|
|
—
|
|
Big Lots, Ollie's Bargain Outlet
|
|
|
|
Property Name
|
|
City
|
|
State
|
|
Metropolitan Statistical Area
|
|
Year
Built
|
|
GLA
|
|
% Leased
|
|
ABR (,000's)
|
|
ABR/SF (1)
|
|
Grocer (2)
|
|
Other Major Tenants
|
|
Non-Owned Major Tenants
|
||||||
432
|
|
Baytown Shopping Center
|
|
Baytown
|
|
TX
|
|
Houston-The Woodlands-Sugar Land, TX
|
|
1987
|
|
95,941
|
|
87.6%
|
|
|
925
|
|
|
11.01
|
|
|
—
|
|
24 Hour Fitness
|
|
|
||
433
|
|
Cedar Bellaire
|
|
Bellaire
|
|
TX
|
|
Houston-The Woodlands-Sugar Land, TX
|
|
1994
|
|
50,967
|
|
100.0%
|
|
|
850
|
|
|
16.68
|
|
|
H-E-B
|
|
—
|
|
|
||
434
|
|
El Camino
|
|
Bellaire
|
|
TX
|
|
Houston-The Woodlands-Sugar Land, TX
|
|
2008
|
|
71,651
|
|
100.0%
|
|
|
647
|
|
|
9.03
|
|
|
El Ahorro Supermarket
|
|
Dollar Tree, Family Dollar
|
|
|
||
435
|
|
Bryan Square
|
|
Bryan
|
|
TX
|
|
College Station-Bryan, TX
|
|
2008
|
|
59,029
|
|
100.0%
|
|
|
328
|
|
|
6.47
|
|
|
—
|
|
99 Cents Only, Citi Trends, Dollar Floor Store, Firestone
|
|
|
||
436
|
|
Townshire
|
|
Bryan
|
|
TX
|
|
College Station-Bryan, TX
|
|
2002
|
|
136,887
|
|
90.0%
|
|
|
990
|
|
|
8.04
|
|
|
—
|
|
Tops Printing
|
|
|
||
437
|
|
Plantation Plaza
|
|
Clute
|
|
TX
|
|
Houston-The Woodlands-Sugar Land, TX
|
|
1997
|
|
99,141
|
|
99.0%
|
|
|
829
|
|
|
8.62
|
|
|
—
|
|
Walgreens
|
|
|
||
438
|
|
Central Station
|
|
College Station
|
|
TX
|
|
College Station-Bryan, TX
|
|
1976
|
|
176,847
|
|
96.0%
|
|
|
2,630
|
|
|
15.87
|
|
|
—
|
|
OfficeMax, Spec's Liquors, Wally's Party Factory
|
|
Kohl's
|
||
439
|
|
Rock Prairie Crossing
|
|
College Station
|
|
TX
|
|
College Station-Bryan, TX
|
|
2002
|
|
118,700
|
|
100.0%
|
|
|
1,376
|
|
|
26.14
|
|
|
Kroger
|
|
CVS
|
|
|
||
440
|
|
Carmel Village
|
|
Corpus Christi
|
|
TX
|
|
Corpus Christi, TX
|
|
1993
|
|
85,633
|
|
75.3%
|
|
|
622
|
|
|
9.65
|
|
|
—
|
|
Bay Area Dialysis, Bealls (Stage Stores), Tuesday Morning
|
|
|
||
441
|
|
Five Points
|
|
Corpus Christi
|
|
TX
|
|
Corpus Christi, TX
|
|
1985
|
|
276,593
|
|
93.2%
|
|
|
3,183
|
|
|
12.54
|
|
|
—
|
|
Bealls (Stage Stores), Burkes Outlet, Harbor Freight Tools, Hobby Lobby, Party City, Ross Dress for Less
|
|
|
||
442
|
|
Claremont Village
|
|
Dallas
|
|
TX
|
|
Dallas-Fort Worth-Arlington, TX
|
|
1976
|
|
66,980
|
|
97.3%
|
|
|
524
|
|
|
8.13
|
|
|
Fiesta Mart
|
|
Family Dollar
|
|
|
||
443
|
|
Jeff Davis
|
|
Dallas
|
|
TX
|
|
Dallas-Fort Worth-Arlington, TX
|
|
1975
|
|
68,962
|
|
81.2%
|
|
|
619
|
|
|
11.06
|
|
|
—
|
|
Family Dollar
|
|
|
||
444
|
|
Stevens Park Village
|
|
Dallas
|
|
TX
|
|
Dallas-Fort Worth-Arlington, TX
|
|
1974
|
|
45,492
|
|
100.0%
|
|
|
441
|
|
|
9.69
|
|
|
—
|
|
Big Lots, O'Reilly Auto Parts
|
|
|
||
445
|
|
Webb Royal Plaza
|
|
Dallas
|
|
TX
|
|
Dallas-Fort Worth-Arlington, TX
|
|
1961
|
|
108,545
|
|
100.0%
|
|
|
1,099
|
|
|
10.57
|
|
|
El Rio Grande Latin Market
|
|
Family Dollar
|
|
|
||
446
|
|
Wynnewood Village
|
|
Dallas
|
|
TX
|
|
Dallas-Fort Worth-Arlington, TX
|
|
2006
|
|
443,681
|
|
87.8%
|
|
|
4,024
|
|
|
10.46
|
|
|
El Rancho, Kroger
|
|
Fallas Paredes, Gen X Clothing, Ross Dress for Less
|
|
|
||
447
|
|
Parktown
|
|
Deer Park
|
|
TX
|
|
Houston-The Woodlands-Sugar Land, TX
|
|
1999
|
|
121,163
|
|
97.1%
|
|
|
1,020
|
|
|
8.67
|
|
|
Food Town
|
|
Burkes Outlet, Walgreens
|
|
|
||
448
|
|
Kenworthy Crossing
|
|
El Paso
|
|
TX
|
|
El Paso, TX
|
|
2003
|
|
74,393
|
|
96.4%
|
|
|
736
|
|
|
10.27
|
|
|
Albertsons
|
|
—
|
|
|
||
449
|
|
Preston Ridge
|
|
Frisco
|
|
TX
|
|
Dallas-Fort Worth-Arlington, TX
|
|
2017
|
|
793,319
|
|
97.0%
|
|
|
15,453
|
|
|
20.40
|
|
|
SuperTarget*
|
|
Best Buy, Big Lots, DSW, Old Navy, Marshalls, Nordstrom Rack, Ross Dress for Less, Saks OFF Fifth, Sheplers, Stein Mart, T.J.Maxx
|
|
|
||
450
|
|
Forest Hills Village
|
|
Ft. Worth
|
|
TX
|
|
Dallas-Fort Worth-Arlington, TX
|
|
1968
|
|
69,651
|
|
100.0%
|
|
|
395
|
|
|
5.67
|
|
|
Foodland Markets
|
|
Family Dollar, Hi Style Fashion
|
|
|
||
451
|
|
Ridglea Plaza
|
|
Ft. Worth
|
|
TX
|
|
Dallas-Fort Worth-Arlington, TX
|
|
1990
|
|
170,519
|
|
100.0%
|
|
|
1,930
|
|
|
11.66
|
|
|
Tom Thumb (Albertsons)
|
|
Stein Mart
|
|
|
||
452
|
|
Trinity Commons
|
|
Ft. Worth
|
|
TX
|
|
Dallas-Fort Worth-Arlington, TX
|
|
1998
|
|
197,423
|
|
100.0%
|
|
|
3,862
|
|
|
19.56
|
|
|
Tom Thumb (Albertsons)
|
|
DSW
|
|
|
||
453
|
|
Village Plaza
|
|
Garland
|
|
TX
|
|
Dallas-Fort Worth-Arlington, TX
|
|
2002
|
|
89,241
|
|
100.0%
|
|
|
1,024
|
|
|
11.48
|
|
|
Truong Nguyen Grocer
|
|
—
|
|
|
||
454
|
|
North Hills Village
|
|
Haltom City
|
|
TX
|
|
Dallas-Fort Worth-Arlington, TX
|
|
1998
|
|
43,299
|
|
85.8%
|
|
|
272
|
|
|
7.32
|
|
|
—
|
|
Dollar Tree
|
|
|
||
455
|
|
Highland Village Town Center
|
|
Highland Village
|
|
TX
|
|
Dallas-Fort Worth-Arlington, TX
|
|
1996
|
|
99,341
|
|
92.1%
|
|
|
981
|
|
|
10.72
|
|
|
—
|
|
—
|
|
|
||
456
|
|
Bay Forest
|
|
Houston
|
|
TX
|
|
Houston-The Woodlands-Sugar Land, TX
|
|
2004
|
|
71,667
|
|
98.3%
|
|
|
754
|
|
|
10.70
|
|
|
Kroger
|
|
—
|
|
|
||
457
|
|
Beltway South
|
|
Houston
|
|
TX
|
|
Houston-The Woodlands-Sugar Land, TX
|
|
1998
|
|
107,174
|
|
97.0%
|
|
|
959
|
|
|
28.33
|
|
|
Kroger
|
|
—
|
|
|
||
458
|
|
Braes Heights
|
|
Houston
|
|
TX
|
|
Houston-The Woodlands-Sugar Land, TX
|
|
2003
|
|
94,086
|
|
89.7%
|
|
|
1,892
|
|
|
22.41
|
|
|
—
|
|
CVS, Imagination Toys, I W Marks Jewelers
|
|
|
||
459
|
|
Braes Link
|
|
Houston
|
|
TX
|
|
Houston-The Woodlands-Sugar Land, TX
|
|
1999
|
|
30,189
|
|
100.0%
|
|
|
555
|
|
|
18.38
|
|
|
—
|
|
Walgreens
|
|
|
||
460
|
|
Braes Oaks Center
|
|
Houston
|
|
TX
|
|
Houston-The Woodlands-Sugar Land, TX
|
|
1992
|
|
45,067
|
|
88.6%
|
|
|
431
|
|
|
10.79
|
|
|
H-E-B
|
|
—
|
|
|
||
461
|
|
Braesgate
|
|
Houston
|
|
TX
|
|
Houston-The Woodlands-Sugar Land, TX
|
|
1997
|
|
91,382
|
|
94.6%
|
|
|
558
|
|
|
6.45
|
|
|
Food Town
|
|
—
|
|
|
||
462
|
|
Broadway
|
|
Houston
|
|
TX
|
|
Houston-The Woodlands-Sugar Land, TX
|
|
2006
|
|
74,717
|
|
100.0%
|
|
|
772
|
|
|
10.74
|
|
|
El Ahorro Supermarket
|
|
Fallas Paredes, Melrose Fashions
|
|
|
||
463
|
|
Clear Lake Camino South
|
|
Houston
|
|
TX
|
|
Houston-The Woodlands-Sugar Land, TX
|
|
1964
|
|
105,178
|
|
94.4%
|
|
|
1,432
|
|
|
15.41
|
|
|
ALDI
|
|
24 Hour Fitness, Mr. Gatti's Pizza, Spec's Liquors
|
|
|
||
464
|
|
Hearthstone Corners
|
|
Houston
|
|
TX
|
|
Houston-The Woodlands-Sugar Land, TX
|
|
1998
|
|
208,147
|
|
93.8%
|
|
|
1,842
|
|
|
9.43
|
|
|
Kroger
|
|
Big Lots, Stein Mart
|
|
|
||
465
|
|
Jester Village
|
|
Houston
|
|
TX
|
|
Houston-The Woodlands-Sugar Land, TX
|
|
1988
|
|
64,285
|
|
77.4%
|
|
|
502
|
|
|
10.09
|
|
|
H-E-B
|
|
—
|
|
|
||
466
|
|
Jones Plaza
|
|
Houston
|
|
TX
|
|
Houston-The Woodlands-Sugar Land, TX
|
|
2000
|
|
111,206
|
|
66.9%
|
|
|
759
|
|
|
10.21
|
|
|
—
|
|
Fitness Connection
|
|
|
||
467
|
|
Jones Square
|
|
Houston
|
|
TX
|
|
Houston-The Woodlands-Sugar Land, TX
|
|
1999
|
|
169,003
|
|
98.7%
|
|
|
1,244
|
|
|
7.56
|
|
|
—
|
|
Big Lots, Hobby Lobby
|
|
|
||
468
|
|
Maplewood Mall
|
|
Houston
|
|
TX
|
|
Houston-The Woodlands-Sugar Land, TX
|
|
2004
|
|
93,711
|
|
98.1%
|
|
|
766
|
|
|
8.33
|
|
|
Foodarama
|
|
Burke's Outlet
|
|
|
||
469
|
|
Merchants Park
|
|
Houston
|
|
TX
|
|
Houston-The Woodlands-Sugar Land, TX
|
|
2009
|
|
243,798
|
|
100.0%
|
|
|
3,359
|
|
|
13.78
|
|
|
Kroger
|
|
Big Lots, Petco, Ross Dress for Less, Tuesday Morning
|
|
|
||
470
|
|
Northgate
|
|
Houston
|
|
TX
|
|
Houston-The Woodlands-Sugar Land, TX
|
|
1972
|
|
40,244
|
|
100.0%
|
|
|
309
|
|
|
7.68
|
|
|
—
|
|
Affordable Furniture, Firestone, Lumber Liquidators, TitleMax
|
|
|
||
471
|
|
Northshore
|
|
Houston
|
|
TX
|
|
Houston-The Woodlands-Sugar Land, TX
|
|
2001
|
|
230,779
|
|
87.7%
|
|
|
2,623
|
|
|
13.18
|
|
|
Sellers Bros.
|
|
Conn's, Office Depot
|
|
|
||
472
|
|
Northtown Plaza
|
|
Houston
|
|
TX
|
|
Houston-The Woodlands-Sugar Land, TX
|
|
1960
|
|
190,559
|
|
88.7%
|
|
|
1,921
|
|
|
11.52
|
|
|
—
|
|
99 Cents Only, CVS, dd's Discounts (Ross), Fallas Paredes
|
|
|
||
473
|
|
Northwood Plaza
|
|
Houston
|
|
TX
|
|
Houston-The Woodlands-Sugar Land, TX
|
|
1972
|
|
136,747
|
|
93.1%
|
|
|
1,438
|
|
|
11.49
|
|
|
Food City
|
|
—
|
|
|
||
474
|
|
Orange Grove
|
|
Houston
|
|
TX
|
|
Houston-The Woodlands-Sugar Land, TX
|
|
2005
|
|
189,201
|
|
94.1%
|
|
|
1,774
|
|
|
10.11
|
|
|
—
|
|
24 Hour Fitness, FAMSA, Floor & Décor
|
|
|
|
Property Name
|
|
City
|
|
State
|
|
Metropolitan Statistical Area
|
|
Year
Built
|
|
GLA
|
|
% Leased
|
|
ABR (,000's)
|
|
ABR/SF (1)
|
|
Grocer (2)
|
|
Other Major Tenants
|
|
Non-Owned Major Tenants
|
||||||
475
|
|
Pinemont Shopping Center
|
|
Houston
|
|
TX
|
|
Houston-The Woodlands-Sugar Land, TX
|
|
1999
|
|
73,577
|
|
92.9%
|
|
|
911
|
|
|
13.64
|
|
|
—
|
|
Family Dollar, Houston Community College
|
|
|
||
476
|
|
Royal Oaks Village
|
|
Houston
|
|
TX
|
|
Houston-The Woodlands-Sugar Land, TX
|
|
2001
|
|
145,229
|
|
97.8%
|
|
|
3,114
|
|
|
21.93
|
|
|
H-E-B
|
|
—
|
|
|
||
477
|
|
Tanglewilde Center
|
|
Houston
|
|
TX
|
|
Houston-The Woodlands-Sugar Land, TX
|
|
1998
|
|
82,565
|
|
100.0%
|
|
|
1,140
|
|
|
13.93
|
|
|
—
|
|
Ace Hardware, Dollar Tree, Party City, Salon In The Park
|
|
|
||
478
|
|
Westheimer Commons
|
|
Houston
|
|
TX
|
|
Houston-The Woodlands-Sugar Land, TX
|
|
1984
|
|
242,409
|
|
94.4%
|
|
|
2,117
|
|
|
9.25
|
|
|
Fiesta Mart
|
|
Marshalls
|
|
|
||
479
|
|
Fry Road Crossing
|
|
Katy
|
|
TX
|
|
Houston-The Woodlands-Sugar Land, TX
|
|
2005
|
|
237,340
|
|
100.0%
|
|
|
2,483
|
|
|
10.55
|
|
|
Kroger
|
|
Hobby Lobby, Palais Royal, Stein Mart
|
|
|
||
480
|
|
Washington Square
|
|
Kaufman
|
|
TX
|
|
Dallas-Fort Worth-Arlington, TX
|
|
1978
|
|
64,230
|
|
82.7%
|
|
|
344
|
|
|
6.48
|
|
|
—
|
|
AutoZone, Bealls (Stage Stores), Dollar Tree
|
|
|
||
481
|
|
Jefferson Park
|
|
Mount Pleasant
|
|
TX
|
|
Mount Pleasant, TX
|
|
2001
|
|
132,096
|
|
94.7%
|
|
|
870
|
|
|
7.07
|
|
|
Super 1 Foods
|
|
Harbor Freight Tools, PetSense
|
|
|
||
482
|
|
Winwood Town Center
|
|
Odessa
|
|
TX
|
|
Odessa, TX
|
|
2002
|
|
365,559
|
|
100.0%
|
|
|
2,827
|
|
|
12.38
|
|
|
H-E-B
|
|
Office Depot, Ross Dress for Less, Target
|
|
|
||
483
|
|
Crossroads Centre - Pasadena
|
|
Pasadena
|
|
TX
|
|
Houston-The Woodlands-Sugar Land, TX
|
|
1997
|
|
134,006
|
|
77.8%
|
|
|
1,277
|
|
|
13.38
|
|
|
Kroger
|
|
—
|
|
|
||
484
|
|
Spencer Square
|
|
Pasadena
|
|
TX
|
|
Houston-The Woodlands-Sugar Land, TX
|
|
1998
|
|
194,470
|
|
93.5%
|
|
|
2,201
|
|
|
12.11
|
|
|
Kroger
|
|
Burkes Outlet
|
|
|
||
485
|
|
Pearland Plaza
|
|
Pearland
|
|
TX
|
|
Houston-The Woodlands-Sugar Land, TX
|
|
1995
|
|
156,491
|
|
81.6%
|
|
|
1,140
|
|
|
8.93
|
|
|
Kroger
|
|
Goodwill Select Store, Harbor Freight Tools, Walgreens
|
|
|
||
486
|
|
Market Plaza
|
|
Plano
|
|
TX
|
|
Dallas-Fort Worth-Arlington, TX
|
|
2002
|
|
167,804
|
|
71.6%
|
|
|
2,719
|
|
|
23.70
|
|
|
Central Market (H-E-B)
|
|
—
|
|
|
||
487
|
|
Preston Park
|
|
Plano
|
|
TX
|
|
Dallas-Fort Worth-Arlington, TX
|
|
1985
|
|
239,103
|
|
92.2%
|
|
|
5,949
|
|
|
27.00
|
|
|
Kroger
|
|
—
|
|
|
||
488
|
|
Northshore Plaza
|
|
Portland
|
|
TX
|
|
Corpus Christi, TX
|
|
2000
|
|
152,144
|
|
98.4%
|
|
|
1,024
|
|
|
13.65
|
|
|
H-E-B
|
|
Bealls (Stage Stores)
|
|
Kmart
|
||
489
|
|
Klein Square
|
|
Spring
|
|
TX
|
|
Houston-The Woodlands-Sugar Land, TX
|
|
1999
|
|
80,636
|
|
94.7%
|
|
|
799
|
|
|
10.46
|
|
|
Food Town
|
|
Family Dollar, Petco
|
|
|
||
490
|
|
Keegan's Meadow
|
|
Stafford
|
|
TX
|
|
Houston-The Woodlands-Sugar Land, TX
|
|
1999
|
|
125,293
|
|
90.7%
|
|
|
1,196
|
|
|
10.86
|
|
|
Randalls (Albertsons)
|
|
Palais Royal
|
|
|
||
491
|
|
Texas City Bay
|
|
Texas City
|
|
TX
|
|
Houston-The Woodlands-Sugar Land, TX
|
|
2005
|
|
223,152
|
|
53.9%
|
|
|
1,170
|
|
|
9.79
|
|
|
Kroger
|
|
—
|
|
|
||
492
|
|
Windvale Center
|
|
The Woodlands
|
|
TX
|
|
Houston-The Woodlands-Sugar Land, TX
|
|
2002
|
|
101,088
|
|
91.5%
|
|
|
991
|
|
|
28.20
|
|
|
Randalls (Albertsons)
|
|
—
|
|
|
||
493
|
|
The Centre at Navarro
|
|
Victoria
|
|
TX
|
|
Victoria, TX
|
|
2005
|
|
66,102
|
|
56.3%
|
|
|
445
|
|
|
23.35
|
|
|
ALDI
|
|
Walgreens
|
|
|
||
494
|
|
Spradlin Farm
|
|
Christiansburg
|
|
VA
|
|
Blacksburg-Christiansburg-Radford, VA
|
|
2000
|
|
180,220
|
|
100.0%
|
|
|
2,657
|
|
|
14.99
|
|
|
—
|
|
Barnes & Noble, Big Lots, Michaels, Petco, T.J.Maxx
|
|
Target, The Home Depot
|
||
495
|
|
Culpeper Town Square
|
|
Culpeper
|
|
VA
|
|
Washington-Arlington-Alexandria, DC-VA-MD-WV
|
1999
|
|
132,882
|
|
99.0%
|
|
|
1,150
|
|
|
8.74
|
|
|
Food Lion (Weis Markets)
|
|
Mountain Run Bowling, Tractor Supply Co.
|
|
|
|||
496
|
|
Hanover Square
|
|
Mechanicsville
|
|
VA
|
|
Richmond, VA
|
|
1991
|
|
129,887
|
|
58.0%
|
|
|
1,249
|
|
|
16.59
|
|
|
—
|
|
Gold's Gym
|
|
Kohl's
|
||
497
|
|
Jefferson Green
|
|
Newport News
|
|
VA
|
|
Virginia Beach-Norfolk-Newport News, VA-NC
|
|
1988
|
|
54,945
|
|
91.3%
|
|
|
773
|
|
|
15.41
|
|
|
—
|
|
DXL Destination XL, Once Upon a Child, Tuesday Morning
|
|
|
||
498
|
|
Tuckernuck Square
|
|
Richmond
|
|
VA
|
|
Richmond, VA
|
|
1981
|
|
86,010
|
|
92.9%
|
|
|
1,243
|
|
|
15.56
|
|
|
—
|
|
2nd & Charles, Chuck E. Cheese's
|
|
|
||
499
|
|
Cave Spring Corners
|
|
Roanoke
|
|
VA
|
|
Roanoke, VA
|
|
2005
|
|
147,133
|
|
100.0%
|
|
|
1,171
|
|
|
13.27
|
|
|
Kroger
|
|
Hamrick's
|
|
|
||
500
|
|
Hunting Hills
|
|
Roanoke
|
|
VA
|
|
Roanoke, VA
|
|
1989
|
|
166,207
|
|
98.2%
|
|
|
1,411
|
|
|
8.65
|
|
|
—
|
|
Kohl's, PetSmart
|
|
|
||
501
|
|
Valley Commons
|
|
Salem
|
|
VA
|
|
Roanoke, VA
|
|
1988
|
|
45,580
|
|
20.4%
|
|
|
91
|
|
|
9.79
|
|
|
—
|
|
—
|
|
|
||
502
|
|
Lake Drive Plaza
|
|
Vinton
|
|
VA
|
|
Roanoke, VA
|
|
2008
|
|
163,090
|
|
100.0%
|
|
|
1,308
|
|
|
8.02
|
|
|
Kroger
|
|
Big Lots, Goodwill
|
|
|
||
503
|
|
Hilltop Plaza
|
|
Virginia Beach
|
|
VA
|
|
Virginia Beach-Norfolk-Newport News, VA-NC
|
|
2010
|
|
150,312
|
|
100.0%
|
|
|
2,584
|
|
|
17.36
|
|
|
Trader Joe's
|
|
Jo-Ann Fabric & Craft Stores, Kirkland’s, Office Depot, PetSmart
|
|
|
||
504
|
|
Ridgeview Centre
|
|
Wise
|
|
VA
|
|
Big Stone Gap, VA
|
|
1990
|
|
190,242
|
|
67.6%
|
|
|
987
|
|
|
7.68
|
|
|
—
|
|
Grand Home Furnishings, Harbor Freight Tools, Ollie's Bargain Outlet
|
|
Belk
|
||
505
|
|
Rutland Plaza
|
|
Rutland
|
|
VT
|
|
Rutland, VT
|
|
1997
|
|
224,514
|
|
98.6%
|
|
|
1,970
|
|
|
8.90
|
|
|
Price Chopper
|
|
Flagship Cinemas, T.J.Maxx, Walmart
|
|
|
||
506
|
|
Fitchburg Ridge Shopping Center
|
|
Fitchburg
|
|
WI
|
|
Madison, WI
|
|
2003
|
|
50,555
|
|
83.6%
|
|
|
511
|
|
|
12.08
|
|
|
—
|
|
Wisconsin Dialysis
|
|
|
||
507
|
|
Spring Mall
|
|
Greenfield
|
|
WI
|
|
Milwaukee-Waukesha-West Allis, WI
|
|
2003
|
|
188,861
|
|
83.5%
|
|
|
1,179
|
|
|
7.48
|
|
|
—
|
|
T.J.Maxx
|
|
|
||
508
|
|
Mequon Pavilions
|
|
Mequon
|
|
WI
|
|
Milwaukee-Waukesha-West Allis, WI
|
|
1967
|
|
219,618
|
|
89.3%
|
|
|
3,119
|
|
|
15.91
|
|
|
Sendik's Food Market
|
|
Bed Bath & Beyond, DSW, Marshalls
|
|
|
||
509
|
|
Moorland Square Shopping Ctr
|
|
New Berlin
|
|
WI
|
|
Milwaukee-Waukesha-West Allis, WI
|
|
1990
|
|
98,303
|
|
91.3%
|
|
|
857
|
|
|
9.55
|
|
|
Pick 'n Save (Kroger)
|
|
—
|
|
|
||
510
|
|
Paradise Pavilion
|
|
West Bend
|
|
WI
|
|
Milwaukee-Waukesha-West Allis, WI
|
|
2000
|
|
203,545
|
|
98.7%
|
|
|
1,527
|
|
|
7.60
|
|
|
—
|
|
Hobby Lobby, Kohl's
|
|
ShopKo
|
||
511
|
|
Moundsville Plaza
|
|
Moundsville
|
|
WV
|
|
Wheeling, WV-OH
|
|
2004
|
|
176,156
|
|
98.3%
|
|
|
1,250
|
|
|
7.22
|
|
|
Kroger
|
|
Big Lots, Dunham's Sports, Peebles
|
|
|
||
512
|
|
Grand Central Plaza
|
|
Parkersburg
|
|
WV
|
|
Parkersburg-Vienna, WV
|
|
1986
|
|
75,344
|
|
100.0%
|
|
|
801
|
|
|
10.63
|
|
|
—
|
|
Office Depot, O'Reilly Auto Parts, T.J.Maxx
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
|
TOTAL PORTFOLIO
|
|
|
|
|
|
|
|
|
|
86,006,794
|
|
92.8
|
%
|
|
$
|
959,983
|
|
|
$
|
12.99
|
|
|
|
|
|
|
|