| Period End | Type | Status | Affected | % Workforce | Announced | Expected Completion | Geography | Segment / Function | Charge | Source | Note |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024-12-31 | other | completed | United States | Executive management | USD 4 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | One-time charge for the departure of an executive officer; no headcount or date disclosed. Related consulting agreement with the former officer effective 2025-01-01 filed as Exhibit 10.40. | ||||
| 2015-12-31 | acquisition_addition | completed | 2015-01-09 | 2015-01-09 | Mountain View, California | Retail (shopping center) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Controlling interest in San Antonio Center acquired for $62.2M total value; no headcount impact disclosed. | |||
| 2015-12-31 | divestiture_reduction | completed | 2015-04-24 | 2015-04-24 | San Antonio, Texas | Retail (Houston Street property) | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Property sold for $46.1M with $11.5M gain; no headcount impact disclosed. | |||
| 2015-12-31 | acquisition_addition | completed | 2015-05-04 | 2015-05-04 | Coconut Grove, Miami, Florida | Retail (CocoWalk) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | CocoWalk acquired for $87.5M (80% common interest); no headcount impact disclosed. Partial interests in eight additional Coconut Grove buildings acquired 2015-07-01 and 2015-12-16 for $7.8M. | |||
| 2015-12-31 | acquisition_addition | completed | 2015-10-01 | 2015-10-01 | South Miami, Florida | Retail/mixed-use (The Shops at Sunset Place) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired at gross value of $110.2M (85% interest), including assumption of a $70.8M mortgage; no headcount impact disclosed. | |||
| 2015-12-31 | divestiture_reduction | completed | 2015-11-19 | 2015-11-19 | Wellington, Florida | Retail (Courtyard Shops property) | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Property sold for $52.8M with $16.8M gain; no headcount impact disclosed. | |||
| 2015-12-31 | acquisition_addition | completed | 2016-01-13 | 2016-01-13 | United States (six retail properties across multiple states) | Retail (Clarion Partners joint venture) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Post-fiscal-year-end acquisition of partner's 70% JV interest for $153.7M ($130M cash plus assumption of $34.4M of mortgage debt); six properties consolidated from acquisition date. No headcount impact disclosed. | |||
| 2013-12-31 | divestiture_reduction | completed | 2013-07-22 | 2013-07-22 | San Diego, California | Real estate — Fifth Avenue (final building) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Fee interest sold for $15.3 million with a $10.7 million gain; associated headcount not disclosed. | |||
| 2013-12-31 | divestiture_reduction | completed | 2013-09-10 | 2013-09-10 | Forest Hills (Queens), New York | Real estate — building sale | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Fee interest sold for $20.4 million with a $13.2 million gain; associated headcount not disclosed. | |||
| 2013-12-31 | acquisition_addition | announced | 2014-01-01 | 2014-01-01 | Shrewsbury and Sea Girt, New Jersey | Retail — The Grove at Shrewsbury and Brook 35 Plaza | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Controlling interest acquired for $161 million gross value effective January 1, 2014 (after fiscal year-end); headcount added not disclosed. | |||
| 2004-12-31 | restructuring | completed | 2002-12-31 | 2004-12-31 | United States | Corporate / Management | USD 14 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Charge recorded in 2002 for accelerated executive transition plan. $12.7 million expended in 2003; $0.3 million remains to be expended as of Dec 31, 2004. No specific employee count disclosed. | ||
| 2003-12-31 | restructuring | in_progress | 2002-12-20 | United States | Corporate / Executive | USD 14 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Accelerated executive transition charge recorded Q4 2002; during fiscal 2003, $12.7M was expended, $0.3M reversed, and $0.8M remained to be expended at year-end. Employee count not disclosed. Charge value shown is the total program charge recorded in 2002. | |||
| 2003-12-31 | restructuring | completed | 2002-02-28 | 2003-12-31 | Management | USD 9 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Adoption of new business plan and management succession plan. Charge of $8.5 million for severance and other compensation costs for several senior officers. All charges expended during 2002. | |||
| 2003-12-31 | restructuring | in_progress | 2002-12-20 | Executive Management | USD 14 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Accelerated executive transition plan. Charge of $13.8 million recorded in Q4 2002. $12.7 million expended in 2003, $0.3 million reversed, and $0.8 million remains to be expended as of Dec 31, 2003. | ||||
| 2003-09-30 | restructuring | in_progress | 2002-12-20 | 2005-12-31 | United States | Corporate / Executive | USD 14 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Charge recorded Q4 2002 for CEO transition payments/benefits and related costs; $6.9M of the $7.9M unpaid balance paid in first nine months of 2003, $1.0M remaining to be paid through 2005-12-31. No employee count disclosed. | ||
| 2003-06-30 | restructuring | completed | 2002-12-20 | 2003-01-01 | United States | Executive management / corporate | USD 14 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | CEO/chairman transition effective 2003-01-01; charge recorded in Q4 2002, not this period. No employee count disclosed; $6.3M of the $7.9M unpaid balance was paid during the first six months of 2003, leaving $1.6M to be paid over three years. | ||
| 2003-06-30 | restructuring | in_progress | 2002-12-20 | 2006-06-30 | Executive Management | USD 14 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Resignation of CEO/Chairman Steven J. Guttman effective Jan 1, 2003. $13.8M charge recorded in Q4 2002 for payments/benefits. $6.3M paid in first six months of 2003; $1.6M remaining unpaid to be paid over next three years. | |||
| 2003-03-31 | other | completed | 2002-12-20 | 2003-01-01 | United States | Executive management | USD 14 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | CEO/Chairman resignation effective 2003-01-01 with successor named; $13.8M charge recorded in Q4 2002, of which $6.2M was paid during Q1 2003, leaving $1.7M payable over three years. No employee count disclosed. | ||
| 2003-03-31 | restructuring | in_progress | 2002-12-20 | Executive Management | USD 14 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Resignation of CEO/Chairman Steven J. Guttman effective Jan 1, 2003. Charge includes payments and benefits pursuant to contractual arrangements. $6.2M paid in Q1 2003; $1.7M unpaid balance to be paid over next three years. | ||||
| 2002-12-31 | restructuring | completed | 2002-02-28 | Corporate management / senior officers | USD 9 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Concurrent with adoption of a new business plan and management succession plan. The $8.5M reserve comprised $6.9M severance and other compensation for several senior officers plus $1.6M development cost write-off; all charges were expended during 2002. A related $9.7M impairment on abandoned development projects (primarily Tanasbourne, Portland, OR) and a $712,000 accelerated performance share charge were recorded under the same plan. No headcount figure disclosed; MD&A attributes lower 2002 administrative/payroll costs to this restructuring. | ||||
| 2002-12-31 | restructuring | completed | 1 | 2002-12-20 | 2003-01-01 | Executive management (Chief Executive Officer) | USD 14 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Q4 2002 charge for payments and benefits to departing CEO Steven J. Guttman under his contractual arrangements plus other transition costs, recorded as part of the $22.3M restructuring expense line. Resignation as Trustee, CEO and Chairman effective January 1, 2003; Donald C. Wood named CEO. $7.9M of the charge remained accrued at December 31, 2002, with the majority paid in Q1 2003. Count reflects the single named departing executive; other transition costs are not attributed to specific headcount. | ||
| 2002-12-31 | restructuring | completed | 2002-02-28 | 2002-12-31 | United States | Senior management | USD 9 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Restructuring reserve of $8.5M comprised $6.9M severance/compensation for several senior officers plus $1.6M development cost write-off; all charges expended during 2002. Part of a larger $18.2M charge that also included a $9.7M impairment on abandoned development projects. | ||
| 2002-12-31 | restructuring | completed | 2002-12-20 | 2003-03-31 | United States | Executive leadership | USD 14 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | CEO transition charge for payments/benefits to former CEO Steven J. Guttman and other transition costs; $7.9M accrued unpaid at year-end, majority paid in Q1 2003. No employee count disclosed. | ||
| 2002-12-31 | restructuring | completed | 2002-02-28 | 2002-12-31 | United States | Senior Officers | USD 9 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Adoption of new business plan and management restructuring. Charge included $6.9 million severance and other compensation costs for several senior officers and $1.6 million write-off of development costs. All charges expended during 2002. | ||
| 2002-12-31 | restructuring | completed | 2002-12-20 | 2003-03-31 | United States | Executive Management | USD 14 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Resignation of CEO Steven J. Guttman effective Jan 1, 2003. Charge for payments and benefits to Mr. Guttman and other transition costs. Majority of accrual paid in Q1 2003. | ||
| 2002-09-30 | restructuring | completed | 2002-02-28 | United States | Corporate / senior management | USD 9 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Management succession and team restructuring; $6.9M severance for several senior officers plus $1.6M development cost write-off. No employee count disclosed; all reserve charges expended in the nine months ended 2002-09-30. | |||
| 2002-09-30 | restructuring | completed | 2002-02-28 | Senior officers | USD 7 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Severance and other compensation costs for several senior officers related to management restructuring. Total restructuring reserve of $8.5 million was fully expended in the first nine months of 2002. | ||||
| 2002-06-30 | restructuring | in_progress | 2002-02-28 | 2002-09-30 | United States | Corporate — senior management | USD 7 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Management restructuring tied to new business plan; severance for several senior officers plus $1.6M development cost write-off comprised the $8.5M restructuring charge (part of an $18.2M total charge including $9.7M impairment). Charges against reserve totaled $8.3M in 1H 2002, leaving $200K reserve expected to be used in Q3 2002. Number of employees affected not disclosed. | ||
| 2002-06-30 | restructuring | in_progress | 2002-02-28 | 2002-09-30 | Senior officers | USD 7 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Severance and other compensation costs for several senior officers related to management restructuring. Total restructuring charge was $8.5 million including $1.6 million write-off of development costs. | |||
| 2002-03-31 | restructuring | in_progress | 2002-02-28 | United States | Corporate / senior management | USD 9 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | New business plan and management succession plan adopted 2002-02-28; total charge $18.2M including $6.9M severance and other compensation for several senior officers plus $1.6M development cost write-off. No headcount affected disclosed. $7.0M applied against the $8.5M reserve in Q1 2002. Related executive termination agreements (Ward, Herman) filed as exhibits are components of this same management restructuring. | |||
| 2002-03-31 | restructuring | in_progress | 2002-02-28 | Senior management | USD 9 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Adoption of new business plan and management succession plan. Charge includes $6.9M severance for several senior officers and $1.6M write-off of development costs. | ||||
| 2001-12-31 | restructuring | announced | 2002-02-28 | United States | Corporate management | USD 17 (millions) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Charge range of $16M–$18M includes severance and compensation costs from management restructuring plus write-down of Tanasbourne and other development projects; number of employees affected not disclosed | |||
| 2001-12-31 | other | completed | 1 | 2002-03-01 | 2002-03-01 | United States | Executive — Chief Investment Officer | USD 1,035,400 (dollars) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Executive termination without cause effective 2002-03-01; severance payment of $1,035,400 plus consulting agreement through 2002-09-30 | |
| 2001-12-31 | other | completed | 1 | 2002-02-28 | 2002-08-30 | United States | Executive — Chief Financial Officer | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Cecily A. Ward ceased serving as executive officer 2002-02-28; will serve as vice-president until 2002-08-30 transitioning duties | ||
| 2001-12-31 | restructuring | announced | 2002-02-28 | 2002-03-31 | United States | Management | USD 17 (millions) | subsequent_events f5-10k / Qwen3.6-27B-Q8_0 | Trust estimates charge of $16 million to $18 million in first quarter of 2002 for severance and other compensation costs related to management restructuring and write-down of development projects. | ||
| 2000-12-31 | restructuring | completed | 1998-10-01 | 2000-12-31 | United States | Corporate | USD 5 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Comprehensive restructuring program completed in Q4 1998; $4.7 million charge recorded in 1998. All costs expended as of Dec 31, 2000. | ||
| 1999-12-31 | restructuring | completed | 1998-09-30 | United States | Corporate and Acquisition | USD 5 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Comprehensive restructuring program completed in Q4 1998. Workforce reduced by approximately 15%, including several vice presidents and senior personnel. Charge included severance, office closing, and consulting fees. | |||
| 1999-09-30 | restructuring | completed | 1998-10-01 | 1999-12-31 | USD 5 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Comprehensive restructuring program begun in Q4 1998; $3.6M cash paid as of Sept 30, 1999. | ||||
| 1999-06-30 | restructuring | in_progress | 1998-09-30 | 1999-12-31 | USD 5 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Comprehensive restructuring program begun in Q4 1998. $2.9 million paid as of June 30, 1999; remainder expected in 1999. | ||||
| 1999-03-31 | restructuring | in_progress | 1998-09-30 | 1999-12-31 | USD 5 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Comprehensive restructuring program begun in Q4 1998; $2.3M paid against reserve as of 1999-03-31, remainder expected during 1999. No employee counts disclosed. | ||||
| 1999-03-31 | restructuring | in_progress | 1998-09-30 | 1999-12-31 | USD 5 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Comprehensive restructuring program begun in Q4 1998; $2.3M cash paid as of March 31, 1999, with remainder expected in 1999. | ||||
| 1998-12-31 | restructuring | completed | 15% | 1998-09-30 | 1998-12-31 | Company-wide; included significant downsizing of the acquisition department | USD 5 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | One-time $4.7 million charge recorded at September 30, 1998 (fiscal Q3; used as announcement_date since no separate announcement date is disclosed) for a comprehensive restructuring implemented in Q4 1998. Workforce reduced by approximately 15% (percent shown as approximate), including several vice presidents and other senior personnel. Operating model shifted from functional hierarchy to asset-management teams responsible for portfolios. Charge covered employee severance, office closing and downsizing expenses, and legal/consulting fees. $1.5 million of the reserve was paid through December 31, 1998, with the remainder expected to be paid in 1999. Program itself was completed in Q4 1998 per MD&A. | ||
| 1998-12-31 | restructuring | completed | 15% | 1998-09-30 | 1998-12-31 | United States | Corporate / all functions | USD 5 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Charge recorded at September 30, 1998; program implemented during Q4 1998. Workforce reduced by approximately 15%, including several vice presidents and other senior personnel. Cash payments of $1.5M made through year-end; remaining cash expected in 1999. Shift from functional hierarchy to asset management model with three regional operating teams. | |
| 1998-12-31 | restructuring | completed | 15% | 1998-09-30 | 1998-12-31 | United States | Corporate and Acquisition | USD 5 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Comprehensive restructuring program completed in Q4 1998. Workforce reduced by approximately 15% including several vice presidents and senior personnel. Charge included severance, office closing, and legal/consulting fees. | |
| 1998-09-30 | restructuring | in_progress | 15% | 1998-09-30 | 1998-12-31 | United States | Corporate, including acquisition department | USD 5 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Charge covers severance, office closing/downsizing, and legal and consulting fees; workforce cut of approximately 15% included several vice presidents and other senior personnel, with a shift to an asset-management operating model and a downsized acquisition department. Absolute headcount affected not disclosed. | |
| 1998-09-30 | restructuring | in_progress | 15% | 1998-09-30 | 1998-12-31 | Corporate and Acquisition | USD 5 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Workforce reduced by approx 15% including senior personnel; shift to asset management discipline. | ||
| 1997-12-31 | restructuring | completed | 1997-12-31 | 1997-12-31 | Executive Management | USD 2 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | In 1997 the Trust incurred $2.0 million of nonrecurring costs associated with a reorganization of its executive management. CFO resigned, SVP Acquisitions agreement terminated, COO to leave in 1998. |