INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED AFFILIATES (Tables)

12 Months Ended

Dec. 31, 2013

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, 2013:

						Operating Partnership Share
Investment	Year Acquired	Invested Capital and Advances		Distributions		Invested Capital and Advances		Distributions
Mervyns	2004	$	26,058	$	46,916	$	4,901	$	11,451
Mervyns Add-On investments	2005/2008	7,547		5,334		1,252		1,193
Albertsons	2006	20,717		81,594		4,239		16,318
Albertsons Add-On investments	2006/2007	2,416		4,864		388		972
Shopko	2006	1,108		2,460		222		492
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	$	145,763	$	12,070	$	31,346

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 Income, in each period, summarize the financial information of the Company’s investments in unconsolidated affiliates.

(dollars in thousands)	December 31, 2013			December 31, 2012
Combined and Condensed Balance Sheets
Assets:
Rental property, net	$	380,268		$	441,611
Real estate under development	5,573			—
Investment in unconsolidated affiliates	63,745			93,923
Other assets	66,895			39,035
Total assets	$	516,481		$	574,569
Liabilities and partners’ equity:
Mortgage notes payable	$	265,982		$	326,296
Other liabilities	43,733			24,267
Partners’ equity	206,766			224,006
Total liabilities and partners’ equity	$	516,481		$	574,569
Company’s investment in and advances to unconsolidated affiliates	$	181,322		$	221,904
Company's share of distributions in excess of share of income and investments in unconsolidated affiliates	$	(8,701	)	$	(22,707	)

Schedule of Condensed Income Statement [Table Text Block]

	Years Ended December 31,
(dollars in thousands)	2013			2012			2011
Combined and Condensed Statements of Income
Total revenues	$	51,638		$	49,729		$	42,185
Operating and other expenses	(18,700		)	(18,919		)	(15,924		)
Interest expense	(8,943		)	(18,547		)	(17,099		)
Equity in earnings of unconsolidated affiliates	13,651			583			7,243
Depreciation and amortization	(10,599		)	(9,551		)	(8,837		)
Loss on debt extinguishment	—			(293		)	—
Gain on sale of properties	—			3,402			—
Net income	$	27,047		$	6,404		$	7,568
Company’s share of net income	$	12,774		$	1,971		$	1,946
Amortization of excess investment	(392		)	(392		)	(391		)
Company’s equity in earnings of unconsolidated affiliates	$	12,382		$	1,579		$	1,555