XML 64 R38.htm IDEA: XBRL DOCUMENT v2.4.0.8
INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED AFFILIATES (Details) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Dec. 31, 2013
Schedule of Equity Method Investments [Line Items]          
Investments in and advances to unconsolidated affiliates $ 182,721,000   $ 182,721,000   $ 181,322,000
Assets          
Real estate under development 364,360,000   364,360,000   337,353,000
Investments in and advances to unconsolidated affiliates 182,721,000   182,721,000   181,322,000
Total assets 2,372,196,000   2,372,196,000   2,264,957,000
Liabilities and Equity          
Other liabilities 19,543,000   19,543,000   18,265,000
Total liabilities and equity 2,372,196,000   2,372,196,000   2,264,957,000
Investments in and advances to unconsolidated affiliates 182,721,000   182,721,000   181,322,000
Company's share of distributions in excess of income from, and investments in, unconsolidated affiliates (8,491,000)   (8,491,000)   (8,701,000)
Combined and Condensed Statements of Operations          
Total revenues 49,511,000 40,808,000 96,196,000 83,097,000  
Operating and other expenses (30,677,000) (25,945,000) (62,641,000) (51,783,000)  
Equity in (losses) earnings of unconsolidated affiliates 1,430,000 815,000 4,459,000 3,065,000  
Depreciation and amortization (11,584,000) (9,599,000) (23,171,000) (18,828,000)  
Loss on debt extinguishment (66,000) 0 (269,000) 0  
Gain on disposition of property 560,000 4,191,000 560,000 4,191,000  
Income from continuing operations 11,308,000 4,242,000 30,423,000 13,797,000  
Unconsolidated Affiliates
         
Schedule of Equity Method Investments [Line Items]          
Investments in and advances to unconsolidated affiliates 21,394,000   21,394,000   63,745,000
Assets          
Rental property, net 400,891,000   400,891,000   380,268,000
Real estate under development 38,316,000   38,316,000   5,573,000
Investments in and advances to unconsolidated affiliates 21,394,000   21,394,000   63,745,000
Other assets 53,985,000   53,985,000   66,895,000
Total assets 514,586,000   514,586,000   516,481,000
Liabilities and Equity          
Mortgage notes payable 303,987,000   303,987,000   265,982,000
Other liabilities 54,916,000   54,916,000   43,733,000
Partners' equity 155,683,000   155,683,000   206,766,000
Total liabilities and equity 514,586,000   514,586,000   516,481,000
Investments in and advances to unconsolidated affiliates 21,394,000   21,394,000   63,745,000
Combined and Condensed Statements of Operations          
Total revenues 12,247,000 10,846,000 24,352,000 21,845,000  
Operating and other expenses (5,503,000) (4,698,000) (9,318,000) (8,979,000)  
Interest expense (2,975,000) (2,056,000) (5,500,000) (4,087,000)  
Equity in (losses) earnings of unconsolidated affiliates 0 6,581,000 (328,000) 5,870,000  
Depreciation and amortization (3,475,000) (2,608,000) (6,181,000) (4,688,000)  
Loss on debt extinguishment 0 0 (187,000) 0  
Gain on disposition of property 239,000 0 239,000 0  
Income from continuing operations 533,000 8,065,000 3,077,000 9,961,000  
Operating Partnership, as General Partner or Managing Member
         
Combined and Condensed Statements of Operations          
Equity in (losses) earnings of unconsolidated affiliates 1,430,000 815,000 4,459,000 3,065,000  
Company's share of net income (loss) 1,528,000 913,000 4,655,000 3,261,000  
Amortization of excess investment (98,000) (98,000) (196,000) (196,000)  
Core Portfolio
         
Schedule of Equity Method Investments [Line Items]          
Purchase Price     145,700,000    
Combined and Condensed Statements of Operations          
Total revenues 30,535,000 27,659,000 60,684,000 54,138,000  
Equity in (losses) earnings of unconsolidated affiliates 227,000 (42,000) 323,000 (47,000)  
Depreciation and amortization (8,300,000) (6,909,000) (16,633,000) (13,298,000)  
Loss on debt extinguishment (3,000)   (3,000)    
Gain on disposition of property 0 0 0 0  
Income from continuing operations 1,763,000 600,000 14,439,000 2,488,000  
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    
Funds
         
Schedule of Equity Method Investments [Line Items]          
Number of Unaffiliated Partners     2    
Combined and Condensed Statements of Operations          
Total revenues 13,934,000 9,751,000 26,576,000 22,663,000  
Equity in (losses) earnings of unconsolidated affiliates 1,203,000 857,000 4,136,000 3,112,000  
Depreciation and amortization (3,284,000) (2,690,000) (6,538,000) (5,530,000)  
Loss on debt extinguishment (63,000)   (266,000)    
Gain on disposition of property 560,000 4,191,000 560,000 4,191,000  
Income from continuing operations 4,503,000 244,000 7,048,000 5,013,000  
Funds | KLAC Rex Venture LLC
         
Schedule of Equity Method Investments [Line Items]          
Equity Method Investment, Dividends or Distributions     1,200,000    
Funds | KLAC Rex Venture LLC | Operating Partnership, as General Partner or Managing Member
         
Schedule of Equity Method Investments [Line Items]          
Equity Method Investment, Dividends or Distributions     200,000    
Funds | Corporate Joint Venture
         
Schedule of Equity Method Investments [Line Items]          
Investments in and advances to unconsolidated affiliates 63,214,000   63,214,000    
Investment Income, Dividend     146,364,000    
Assets          
Investments in and advances to unconsolidated affiliates 63,214,000   63,214,000    
Liabilities and Equity          
Investments in and advances to unconsolidated affiliates 63,214,000   63,214,000    
Funds | Corporate Joint Venture | Operating Partnership, as General Partner or Managing Member
         
Schedule of Equity Method Investments [Line Items]          
Investments in and advances to unconsolidated affiliates 12,070,000   12,070,000    
Investment Income, Dividend     31,474,000    
Assets          
Investments in and advances to unconsolidated affiliates 12,070,000   12,070,000    
Liabilities and Equity          
Investments in and advances to unconsolidated affiliates 12,070,000   12,070,000    
Funds | Mervyns I and Mervyns II | KLA/Mervyns LLC Add-On Investments
         
Schedule of Equity Method Investments [Line Items]          
Cost Method Investments 7,547,000   7,547,000    
Investment Income, Dividend     5,935,000    
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 1,252,000   1,252,000    
Investment Income, Dividend     1,321,000    
Funds | Mervyns II | KLA A Markets LLC Add-On Investments
         
Schedule of Equity Method Investments [Line Items]          
Cost Method Investments 2,416,000   2,416,000    
Investment Income, Dividend     4,864,000    
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 388,000   388,000    
Investment Income, Dividend     972,000    
Funds | Mervyns II | KLAC Rex Venture LLC
         
Schedule of Equity Method Investments [Line Items]          
Cost Method Investments 2,701,000   2,701,000    
Investment Income, Dividend     1,956,000    
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 535,000   535,000    
Investment Income, Dividend     392,000    
Funds | Fund II | KA-Shopko LLC
         
Schedule of Equity Method Investments [Line Items]          
Cost Method Investments 1,108,000   1,108,000    
Investment Income, Dividend     2,460,000    
Funds | Fund II | KA-Shopko LLC | Operating Partnership, as General Partner or Managing Member
         
Schedule of Equity Method Investments [Line Items]          
Cost Method Investments 222,000   222,000    
Investment Income, Dividend     492,000    
Funds | Fund II | Marsh and Add-On Investments
         
Schedule of Equity Method Investments [Line Items]          
Cost Method Investments 2,667,000   2,667,000    
Investment Income, Dividend     2,639,000    
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 533,000   533,000    
Investment Income, Dividend     528,000    
Funds | KLA/Mervyns LLC | Mervyns I and Mervyns II
         
Schedule of Equity Method Investments [Line Items]          
Equity Method Investments 26,058,000   26,058,000    
Equity Method Investment, Dividends or Distributions     46,916,000    
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 4,901,000   4,901,000    
Equity Method Investment, Dividends or Distributions     11,451,000    
Funds | KLA A Markets LLC | Mervyns II
         
Schedule of Equity Method Investments [Line Items]          
Equity Method Investments 20,717,000   20,717,000    
Equity Method Investment, Dividends or Distributions     81,594,000    
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 4,239,000   4,239,000    
Equity Method Investment, Dividends or Distributions     16,318,000    
Fund IV
         
Schedule of Equity Method Investments [Line Items]          
Purchase Price     26,000,000    
Fund IV | Savannah, GA
         
Schedule of Equity Method Investments [Line Items]          
Investments in and advances to unconsolidated affiliates 7,100,000   7,100,000    
Investments in affiliates subsidiaries associates and joint ventures, loan commitment 45,800,000   45,800,000    
Number of properties acquired     18    
Purchase Price     26,000,000    
Assets          
Investments in and advances to unconsolidated affiliates 7,100,000   7,100,000    
Liabilities and Equity          
Investments in and advances to unconsolidated affiliates 7,100,000   7,100,000    
Fund IV | Corporate Joint Venture | Savannah, GA
         
Schedule of Equity Method Investments [Line Items]          
Investments in affiliates subsidiaries associates and joint ventures, loan commitment $ 21,000,000   $ 21,000,000