Quarterly report pursuant to Section 13 or 15(d)

Deferred Financing Obligation

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Deferred Financing Obligation
9 Months Ended
Sep. 30, 2015
Other Liabilities Disclosure [Abstract]  
Deferred Financing Obligation
Deferred Financing Obligation

On September 30, 2015, the noncontrolling interest in our outlet center in Deer Park, New York exercised its right to require us to acquire their ownership interest in the property for $28.4 million. Closing on the transaction is scheduled to occur on January 5, 2016. The obligation to acquire its interest is recorded as a deferred financing obligation in the other liabilities section of the consolidated balance sheet.