Annual report pursuant to Section 13 and 15(d)

Real Estate Transactions (Tables)

v2.4.0.6
Real Estate Transactions (Tables)
 12 Months Ended
Dec. 31, 2012
Real Estate Transactions [Abstract]  
Schedule Of Purchase Price Allocation

 

 

 

 

 

October 23,
2012

Land and leasehold interests

$
35,107 

Buildings and improvements

 
162,108 

Investments in unconsolidated joint ventures (1)

 
66,155 

Contract value acquired (2)

 
2,900 

Goodwill

 
2,945 

Other assets acquired

 
9,357 

 

 
278,572 

 

 

 

Less: Mortgages and loans payable assumed

 
79,076 

Other liabilities assumed (including contingent consideration at fair value of $10,010) (3)

 
29,033 

Non-controlling interest

 
54,861 

 

 
162,970 

 

 

 

Net cash paid at acquisition

$
115,602 

 

(1) The outside basis portion of its unconsolidated joint ventures is being amortized over the anticipated useful lives of its tangible and intangible assets acquired and liabilities assumed.

 (2) Contract value which will be amortized over four years.

(3) Future changes in the value of contingent consideration will be reflected in earnings pursuant to ASC 805.