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SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2014
Subsequent Events [Abstract]  
Subsequent Events
SUBSEQUENT EVENTS

During July 2014, the Company completed the acquisition of the Bedford Green shopping center located in Bedford Hills, New York for a purchase price of $46.8 million. In connection with this acquisition, the Company assumed $29.8 million of debt collateralized by the property. The loan bears interest at 5.1% and matures on September 5, 2017.

During July 2014, Fund IV completed the acquisition of the Eden Square shopping center located in Bear, Delaware for a purchase price of $25.4 million.