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Note 10 - Redeemable Noncontrolling Interests - Redemption Value of the Redeemable Noncontrolling Interests (Details) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Balance $ 86,953 $ 86,709
Issuance of redeemable partnership interests (1) [1] 10,000
Income (2) [2] 1,203 3,240
Distributions (2,448) (3,093)
Redemption/conversion of redeemable units (3) [3] (79,569)
Balance $ 16,139 $ 86,856
[1] During the nine months ended September 30, 2017, KIM Lincoln, a wholly owned subsidiary of the Company, and Lincoln Member entered into a joint venture agreement wherein KIM Lincoln has a 90% controlling interest and Lincoln Member has a 10% noncontrolling interest (See Footnote 3).
[2] Includes $1.0 million in fair market value remeasurement for the nine months ended September 30, 2017.
[3] During 2017, the Company redeemed the remaining 79,642,697 Preferred A Units for a total redemption price of $79.9 million, including an accrued preferred return of $0.4 million. These Preferred A Units, which had a par value of $1.00 and return per annum of 5.0%, were issued during 2006 along with the acquisition of seven shopping center properties located in Puerto Rico.