INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED AFFILIATES (Tables)

12 Months Ended

Dec. 31, 2012

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Equity Method Investments [Table Text Block]

The following table summarizes activity related to the RCP Venture investments from inception through December 31, 2012:

						Operating Partnership Share
Investment	Year Acquired	Invested Capital and Advances		Distributions		Invested Capital and Advances		Distributions
Mervyns	2004	$	27,088	$	45,966	$	4,901	$	11,251
Mervyns Add-On investments	2005/2008	6,517		3,558		1,252		819
Albertsons	2006	20,717		81,680		4,239		16,318
Albertsons Add-On investments	2006/2007	2,416		4,778		388		972
Shopko	2006	1,108		1,659		222		332
Marsh and Add-On investments	2006/2008	2,667		2,639		533		528
Rex Stores	2007	2,701		1,956		535		392
Total		$	63,214	$	142,236	$	12,070	$	30,612

Schedule of Noncontrolling Interest In Individual Investee [Table Text Block]

The Acadia Investors have non-controlling interests in the individual investee LLC’s as follows:

			Acadia Investors Ownership % in:
Investment	Investee LLC	Acadia Investors Entity	Investee LLC	Underlying entity(s)
Mervyns	KLA/Mervyn's, L.L.C	Mervyns I and Mervyns II	10.5%	5.8%
Mervyns Add-On Investments	KLA/Mervyn's, L.L.C	Mervyns I and Mervyns II	10.5%	5.8%
Albertsons	KLA A Markets, LLC	Mervyns II	18.9%	5.7%
Albertsons Add-On Investments	KLA A Markets, LLC	Mervyns II	20.0%	6.0%
Shopko	KA-Shopko, LLC	Fund II	20.0%	2.0%
Marsh and Add-On Investments	KA Marsh, LLC	Fund II	20.0%	3.3%
Rex Stores	KLAC Rex Venture, LLC	Mervyns II	13.3%	13.3%

Schedule of Condensed Balance Sheet [Table Text Block]

The following combined and condensed Balance Sheets and Statements of Operations, in each period, summarize the financial information of the Company’s investments in unconsolidated affiliates.

Summary of Investments in Unconsolidated Affiliates, continued

(dollars in thousands)	December 31, 2012			December 31, 2011
Combined and Condensed Balance Sheets
Assets:
Rental property, net	$	441,611		$	280,470
Investment in unconsolidated affiliates	93,923			156,421
Other assets	39,035			29,587
Total assets	$	574,569		$	466,478
Liabilities and partners’ equity:
Mortgage notes payable	$	326,296		$	319,425
Other liabilities	24,267			16,902
Partners’ equity	224,006			130,151
Total liabilities and partners’ equity	$	574,569		$	466,478
Company’s investment in and advances to unconsolidated affiliates	$	221,694		$	84,568
Company's share of distributions in excess of share of income and investments in unconsolidated affiliates	$	(22,707	)	$	(21,710	)

Schedule of Condensed Income Statement [Table Text Block]

	Years Ended December 31,
(dollars in thousands)	2012			2011			2010
Combined and Condensed Statements of Operations
Total revenues	$	49,729		$	42,185		$	29,460
Operating and other expenses	18,919			15,924			10,617
Interest expense	18,547			17,099			13,525
Equity in earnings of unconsolidated affiliates	583			7,243			56,482
Depreciation and amortization	9,551			8,837			4,839
Loss on debt extinguishment	293			—			—
Gain (loss) on sale of property, net	3,402			—			(2,957		)
Net income	$	6,404		$	7,568		$	54,004
Company’s share of net income	$	1,971		$	1,946		$	11,363
Amortization of excess investment	(392		)	(391		)	(392		)
Company’s equity in earnings of unconsolidated affiliates	$	1,579		$	1,555		$	10,971