XML 20 R38.htm IDEA: XBRL DOCUMENT v2.4.0.8
INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED AFFILIATES (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Dec. 31, 2012
Schedule of Equity Method Investments [Line Items]          
Investments in and advances to unconsolidated affiliates $ 199,113   $ 199,113   $ 221,904
Payments to Acquire Equity Method Investments     54,207 19,356  
Assets          
Real estate under development 334,445   334,445   246,602
Investments in and advances to unconsolidated affiliates 199,113   199,113   221,904
Total assets 2,349,368 1,869,890 2,349,368 1,869,890 1,908,440
Liabilities and Equity          
Other liabilities 16,318   16,318   14,207
Total liabilities and equity 2,349,368   2,349,368   1,908,440
Investments in and advances to unconsolidated affiliates 199,113   199,113   221,904
Company's share of distributions in excess of income from, and investments in, unconsolidated affiliates (12,426)   (12,426)   (22,707)
Combined and Condensed Statements of Operations          
Total revenues 40,318 28,831 121,891 81,033  
Operating and other expenses (27,517) (21,733) (78,408) (62,321)  
Equity in (losses) earnings of unconsolidated affiliates 4,209 (2,538) 7,274 1,997  
Depreciation and amortization (10,450) (7,376) (29,278) (20,671)  
Gain on sale of properties 0 5,917 4,191 8,585  
Income (loss) from continuing operations 6,307 (1,421) 19,642 3,037  
Unconsolidated Affiliates
         
Schedule of Equity Method Investments [Line Items]          
Investments in and advances to unconsolidated affiliates 63,745   63,745   93,923
Assets          
Rental property, net 365,399   365,399   441,611
Real estate under development 2,224   2,224   0
Investments in and advances to unconsolidated affiliates 63,745   63,745   93,923
Other assets 40,908   40,908   39,035
Total assets 472,276   472,276   574,569
Liabilities and Equity          
Mortgage notes payable 241,907   241,907   326,296
Other liabilities 20,718   20,718   24,267
Partners' equity 209,651   209,651   224,006
Total liabilities and equity 472,276   472,276   574,569
Investments in and advances to unconsolidated affiliates 63,745   63,745   93,923
Combined and Condensed Statements of Operations          
Total revenues 13,731 11,903 35,577 36,121  
Operating and other expenses (4,139) (4,977) (13,117) (13,793)  
Interest expense (2,359) (4,603) (6,446) (13,854)  
Equity in (losses) earnings of unconsolidated affiliates 1,284 1,398 7,154 6,244  
Depreciation and amortization (3,200) (2,573) (7,888) (7,216)  
Gain on sale of properties 0 0 0 3,402  
Income (loss) from continuing operations 5,317 1,148 15,280 10,904  
Operating Partnership, as General Partner or Managing Member
         
Combined and Condensed Statements of Operations          
Equity in (losses) earnings of unconsolidated affiliates 4,209 (2,538) 7,274 1,997  
Company's share of net income (loss) 4,307 (2,440) 7,568 2,291  
Amortization of excess investment (98) (98) (294) (294)  
Core Portfolio
         
Assets          
Total assets 993,472 605,694 993,472 605,694  
Combined and Condensed Statements of Operations          
Total revenues 28,115 17,794 82,252 50,166  
Depreciation and amortization (7,890) (4,379) (21,187) (12,016)  
Core Portfolio | Crossroads
         
Schedule of Equity Method Investments [Line Items]          
Equity Method Investment, Ownership Percentage 49.00%   49.00%    
Square Footage of Real Estate Property (in square feet) 311,000   311,000    
Core Portfolio | Georgetown Portfolio
         
Schedule of Equity Method Investments [Line Items]          
Equity Method Investment, Ownership Percentage 50.00%   50.00%    
Square Footage of Real Estate Property (in square feet) 28,000   28,000    
Core Portfolio | Route 202 Shopping Center [Member]
         
Schedule of Equity Method Investments [Line Items]          
Equity Method Investment, Ownership Percentage 22.22%   22.22%    
Square Footage of Real Estate Property (in square feet) 20,000   20,000    
Opportunity Funds
         
Schedule of Equity Method Investments [Line Items]          
Number of Unaffiliated Partners     2    
Assets          
Total assets 1,260,544 1,183,430 1,260,544 1,183,430  
Combined and Condensed Statements of Operations          
Total revenues 9,234 9,116 30,374 24,740  
Depreciation and amortization (2,560) (2,997) (8,091) (8,655)  
Opportunity Funds | RCP Venture
         
Schedule of Equity Method Investments [Line Items]          
Investments in and advances to unconsolidated affiliates 63,214   63,214    
Investment Income, Dividend     144,813    
Assets          
Investments in and advances to unconsolidated affiliates 63,214   63,214    
Liabilities and Equity          
Investments in and advances to unconsolidated affiliates 63,214   63,214    
Opportunity Funds | RCP Venture | Operating Partnership, as General Partner or Managing Member
         
Schedule of Equity Method Investments [Line Items]          
Investments in and advances to unconsolidated affiliates 12,070   12,070    
Investment Income, Dividend     31,146    
Assets          
Investments in and advances to unconsolidated affiliates 12,070   12,070    
Liabilities and Equity          
Investments in and advances to unconsolidated affiliates 12,070   12,070    
Opportunity Funds | Mervyns I and Mervyns II | KLA/Mervyns LLC Add-On Investments
         
Schedule of Equity Method Investments [Line Items]          
Cost Method Investments 7,547   7,547    
Investment Income, Dividend     5,334    
Opportunity Funds | Mervyns I and Mervyns II | KLA/Mervyns LLC Add-On Investments | Operating Partnership, as General Partner or Managing Member
         
Schedule of Equity Method Investments [Line Items]          
Cost Method Investments 1,252   1,252    
Investment Income, Dividend     1,193    
Opportunity Funds | Mervyns II | KLA A Markets LLC Add-On Investments
         
Schedule of Equity Method Investments [Line Items]          
Cost Method Investments 2,416   2,416    
Investment Income, Dividend     4,864    
Opportunity Funds | Mervyns II | KLA A Markets LLC Add-On Investments | Operating Partnership, as General Partner or Managing Member
         
Schedule of Equity Method Investments [Line Items]          
Cost Method Investments 388   388    
Investment Income, Dividend     972    
Opportunity Funds | Mervyns II | KLAC Rex Venture LLC
         
Schedule of Equity Method Investments [Line Items]          
Cost Method Investments 2,701   2,701    
Investment Income, Dividend     1,956    
Opportunity Funds | Mervyns II | KLAC Rex Venture LLC | Operating Partnership, as General Partner or Managing Member
         
Schedule of Equity Method Investments [Line Items]          
Cost Method Investments 535   535    
Investment Income, Dividend     392    
Opportunity Funds | Fund II | KA-Shopko LLC
         
Schedule of Equity Method Investments [Line Items]          
Cost Method Investments 1,108   1,108    
Investment Income, Dividend     2,460    
Opportunity Funds | Fund II | KA-Shopko LLC | Operating Partnership, as General Partner or Managing Member
         
Schedule of Equity Method Investments [Line Items]          
Cost Method Investments 222   222    
Investment Income, Dividend     492    
Opportunity Funds | Fund II | Marsh and Add-On Investments
         
Schedule of Equity Method Investments [Line Items]          
Cost Method Investments 2,667   2,667    
Investment Income, Dividend     2,639    
Opportunity Funds | Fund II | Marsh and Add-On Investments | Operating Partnership, as General Partner or Managing Member
         
Schedule of Equity Method Investments [Line Items]          
Cost Method Investments 533   533    
Investment Income, Dividend     528    
Opportunity Funds | KLA/Mervyns LLC | Mervyns I and Mervyns II
         
Schedule of Equity Method Investments [Line Items]          
Equity Method Investments 26,058   26,058    
Equity Method Investment, Dividends or Distributions     45,966    
Opportunity Funds | KLA/Mervyns LLC | Mervyns I and Mervyns II | Operating Partnership, as General Partner or Managing Member
         
Schedule of Equity Method Investments [Line Items]          
Equity Method Investments 4,901   4,901    
Equity Method Investment, Dividends or Distributions     11,251    
Opportunity Funds | KLA A Markets LLC | Mervyns II
         
Schedule of Equity Method Investments [Line Items]          
Equity Method Investments 20,717   20,717    
Equity Method Investment, Dividends or Distributions     81,594    
Opportunity Funds | KLA A Markets LLC | Mervyns II | Operating Partnership, as General Partner or Managing Member
         
Schedule of Equity Method Investments [Line Items]          
Equity Method Investments 4,239   4,239    
Equity Method Investment, Dividends or Distributions     16,318    
Fund II
         
Schedule of Equity Method Investments [Line Items]          
Payments to Acquire Equity Method Investments 1,100        
Non-Cash Transfer of Prepaid Rent and Construction Costs to Acquire Equity Method Investments $ 6,800