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SEGMENT REPORTING Income Statement (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2013
reportable_segments
Dec. 31, 2012
Dec. 31, 2011
Segment Reporting Information [Line Items]                      
Number of Reportable Segments                 3    
Revenues $ 44,102 $ 41,085 $ 40,808 $ 42,291 $ 31,817 $ 29,580 $ 28,257 $ 25,333 $ 168,286 $ 114,987 $ 97,857
Property operating expenses, other operating and real estate taxes                 (46,553) (37,716) (28,028)
General and administrative expenses                 (25,555) (21,223) (22,996)
Reserve for notes receivable                 0 (405) 0
Depreciation and amortization                 (40,299) (27,888) (20,975)
Operating Income                 55,879 27,755 25,858
Gain on sale of unconsolidated affiliates                 0 3,061 0
Impairment of unconsolidated affiliates                 0 (2,032) 0
Impairment of asset                 (1,500) 0 0
Equity in earnings of unconsolidated affiliates                 12,382 550 1,555
(Loss) gain on debt extinguishment                 (765) (198) 1,268
Gain on involuntary conversion of asset                 0 2,368 0
Interest and other finance expense                 (39,474) (22,811) (23,343)
Income tax (provision) benefit                 (19) 574 (461)
Income (Loss) from continuing operations                 26,503 9,267 4,877
Discontinued operations                      
Operating income from discontinued operations                 6,818 12,007 8,933
Impairment of asset                 (6,683) 0 (6,925)
Loss on debt extinguishment                 (800) (2,541) 0
Gain on sale of properties                 18,802 71,203 46,830
Income from discontinued operations                 18,137 80,669 48,838
Net income                 44,640 89,936 53,715
Noncontrolling interests                      
(Income) loss from continuing operations                 7,523 14,352 13,734
Income from discontinued operations                 (12,048) (64,582) (15,894)
Net income attributable to noncontrolling interests                 (4,525) (50,230) (2,160)
Net income attributable to Common Shareholders 12,251 9,484 8,757 9,623 21,276 7,581 6,839 4,010 40,115 39,706 51,555
Core Portfolio [Member]
                     
Segment Reporting Information [Line Items]                      
Revenues                 110,355 70,400 58,162
Property operating expenses, other operating and real estate taxes                 (29,040) (21,817) (16,433)
General and administrative expenses                 (23,611) (19,573) (20,950)
Reserve for notes receivable                   0  
Depreciation and amortization                 (28,989) (17,065) (13,070)
Operating Income                 28,715 11,945 7,709
Gain on sale of unconsolidated affiliates                   0  
Impairment of unconsolidated affiliates                   0  
Impairment of asset                 (1,500)    
Equity in earnings of unconsolidated affiliates                 (99) 262 644
(Loss) gain on debt extinguishment                 (309) 0 1,268
Gain on involuntary conversion of asset                   2,368  
Interest and other finance expense                 (26,158) (15,431) (16,480)
Income tax (provision) benefit                 131 (241) (1,073)
Income (Loss) from continuing operations                 780 (1,097) (7,932)
Discontinued operations                      
Operating income from discontinued operations                 535 319 626
Impairment of asset                 0   0
Loss on debt extinguishment                 (145) 0  
Gain on sale of properties                 6,488 0 28,576
Income from discontinued operations                 6,878 319 29,202
Net income                 7,658 (778) 21,270
Noncontrolling interests                      
(Income) loss from continuing operations                 (1,002) 60 (575)
Income from discontinued operations                 (2,406) (128) (49)
Net income attributable to noncontrolling interests                 (3,408) (68) (624)
Net income attributable to Common Shareholders                 4,250 (846) 20,646
Opportunity Funds [Member]
                     
Segment Reporting Information [Line Items]                      
Revenues                 46,131 36,560 27,990
Property operating expenses, other operating and real estate taxes                 (17,513) (15,899) (11,595)
General and administrative expenses                 (1,944) (1,650) (2,046)
Reserve for notes receivable                   0  
Depreciation and amortization                 (11,310) (10,823) (7,905)
Operating Income                 15,364 8,188 6,444
Gain on sale of unconsolidated affiliates                   3,061  
Impairment of unconsolidated affiliates                   (2,032)  
Impairment of asset                 0    
Equity in earnings of unconsolidated affiliates                 12,481 288 911
(Loss) gain on debt extinguishment                 (456) (198) 0
Gain on involuntary conversion of asset                   0  
Interest and other finance expense                 (13,316) (7,380) (6,863)
Income tax (provision) benefit                 (150) 815 612
Income (Loss) from continuing operations                 13,923 2,742 1,104
Discontinued operations                      
Operating income from discontinued operations                 6,283 11,688 8,307
Impairment of asset                 (6,683)   (6,925)
Loss on debt extinguishment                 (655) (2,541)  
Gain on sale of properties                 12,314 71,203 18,254
Income from discontinued operations                 11,259 80,350 19,636
Net income                 25,182 83,092 20,740
Noncontrolling interests                      
(Income) loss from continuing operations                 8,525 14,292 14,309
Income from discontinued operations                 (9,642) (64,454) (15,845)
Net income attributable to noncontrolling interests                 (1,117) (50,162) (1,536)
Net income attributable to Common Shareholders                 24,065 32,930 19,204
Notes Receivable [Member]
                     
Segment Reporting Information [Line Items]                      
Revenues                 11,800 8,027 11,705
Property operating expenses, other operating and real estate taxes                 0 0 0
General and administrative expenses                 0 0 0
Reserve for notes receivable                   (405)  
Depreciation and amortization                 0 0 0
Operating Income                 11,800 7,622 11,705
Gain on sale of unconsolidated affiliates                   0  
Impairment of unconsolidated affiliates                   0  
Impairment of asset                 0    
Equity in earnings of unconsolidated affiliates                 0 0 0
(Loss) gain on debt extinguishment                 0 0 0
Gain on involuntary conversion of asset                   0  
Interest and other finance expense                 0 0 0
Income tax (provision) benefit                 0 0 0
Income (Loss) from continuing operations                 11,800 7,622 11,705
Discontinued operations                      
Operating income from discontinued operations                 0 0 0
Impairment of asset                 0   0
Loss on debt extinguishment                 0 0  
Gain on sale of properties                 0 0 0
Income from discontinued operations                 0 0 0
Net income                 11,800 7,622 11,705
Noncontrolling interests                      
(Income) loss from continuing operations                 0 0 0
Income from discontinued operations                 0 0 0
Net income attributable to noncontrolling interests                 0 0 0
Net income attributable to Common Shareholders                 $ 11,800 $ 7,622 $ 11,705