ACQUISITION AND DISPOSITION OF REAL ESTATE AND DISCONTINUED OPERATIONS (Tables)

6 Months Ended

Jun. 30, 2013

Restructuring Cost and Reserve [Line Items]

Combined Assets and Liabilities and Results of Operations of the Properties Classified as Discontinued Operations

The combined assets and liabilities and the results of operations of the properties classified as discontinued operations, in each period presented, are summarized as follows:

(dollars in thousands)
BALANCE SHEET	June 30, 2013		December 31, 2012
ASSETS
Net real estate	$	11,850	$	19,400
Rents receivable, net	876		917
Deferred charges, net	390		612
Prepaid expenses and other assets	190		1,132
Total assets of discontinued operations	$	13,306	$	22,061
LIABILITIES
Mortgage notes payable	$	9,149	$	9,208
Accounts payable and accrued expenses	1,794		3,125
Other liabilities	597		765
Total liabilities of discontinued operations	$	11,540	$	13,098

	Three Months Ended						Six Months Ended
(dollars in thousands)	June 30,						June 30,
STATEMENTS OF INCOME	2013			2012			2013			2012
Total revenues	$	906		$	9,943		$	2,075		$	19,656
Total expenses	640			6,611			1,412			13,997
Operating income	266			3,332			663			5,659
Gain on sale of property	4,191			2,668			4,191			2,668
Income from discontinued operations	4,457			6,000			4,854			8,327
Income from discontinued operations attributable to noncontrolling interests	(3,911		)	(5,006		)	(4,259		)	(6,811		)
Income from discontinued operations attributable to Common Shareholders	$	546		$	994		$	595		$	1,516

Acquisitions in 2013

Restructuring Cost and Reserve [Line Items]

Preliminary Schedule of Purchase Price Allocation

The following table summarizes the Company's preliminary allocations of the purchase prices of assets acquired and liabilities assumed during 2013 which have yet to be finalized:

(dollars in thousands)	Preliminary Purchase Price Allocations
Land	$	39,563
Buildings and improvements	136,009
Total consideration	$	175,572

Acquisitions in 2012

Restructuring Cost and Reserve [Line Items]

Preliminary Schedule of Purchase Price Allocation

The following table summarizes the preliminary allocations of the purchase prices of these properties as recorded as of December 31, 2012, and the finalized allocations as adjusted as of June 30, 2013:

(dollars in thousands)	Purchase Price Allocations as Originally Reported		Adjustments			Finalized Purchase Price Allocations
Land	$	11,390	$	2,876		$	14,266
Buildings and improvements	38,510		(2,330		)	36,180
Acquisition-related intangible assets (in Acquired lease intangibles, net)	—		2,623			2,623
Acquisition-related intangible liabilities (in Acquired lease and other intangibles, net)	—		(1,852		)	(1,852		)
Below market debt assumed (in Mortgage notes payable)	—		(1,317		)	(1,317		)
Total consideration	$	49,900	$	—		$	49,900