XML 93 R81.htm IDEA: XBRL DOCUMENT v3.6.0.2
Segment Reporting (Details)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2016
USD ($)
Sep. 30, 2016
USD ($)
Jun. 30, 2016
USD ($)
Mar. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Sep. 30, 2015
USD ($)
Jun. 30, 2015
USD ($)
Mar. 31, 2015
USD ($)
Dec. 31, 2016
USD ($)
segment
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Segment Reporting Information [Line Items]                      
Number of reportable segments | segment                 3    
Revenues $ 54,121 $ 43,855 $ 43,918 $ 48,045 $ 51,286 $ 51,124 $ 49,176 $ 49,073 $ 189,939 $ 199,063 $ 179,681
Property operating expenses, other operating and real estate taxes                 (57,391) (58,482) (51,671)
General and administrative expenses                 (40,648) (30,368) (27,433)
Depreciation and amortization                 (70,011) (60,751) (49,645)
Impairment of asset                 0 (5,000) 0
Operating income                 21,889 44,462 50,932
Equity in (losses) earnings of unconsolidated affiliates                 39,449 37,330 111,578
Interest income                 25,829 16,603 12,607
Other                 0 1,596 2,724
Interest and other finance expense                 (34,645) (37,297) (39,426)
Gain on disposition of properties                 81,965 89,063 13,138
Income tax benefit (provision)                 105 (1,787) (629)
Income from continuing operations                     150,924
Income from discontinued operations                 0 0 1,222
Net income 34,236 326 26,155 73,875 7,871 18,104 85,458 38,537 134,592 149,970 152,146
Net (income) loss attributable to noncontrolling interests (14,415) $ 5,786 $ (8,237) $ (44,950) 1,019 $ (4,328) $ (58,963) $ (21,990) (61,816) (84,262) (81,082)
Net income attributable to Acadia                 72,776 65,708 71,064
Real estate at cost 3,382,000       2,736,283       3,382,000 2,736,283 2,208,595
Total assets 3,995,960       3,032,319       3,995,960 3,032,319 2,720,721
Acquisition of real estate 495,644       338,700       495,644 338,700 256,453
Development and property improvement costs 149,434       164,315       149,434 164,315 140,118
Core Portfolio [Member]                      
Segment Reporting Information [Line Items]                      
Revenues                 150,211 150,015 125,022
Property operating expenses, other operating and real estate taxes                 (39,598) (37,259) (33,097)
General and administrative expenses                 0 0 0
Depreciation and amortization                 (54,582) (46,223) (35,875)
Impairment of asset                   (5,000)  
Operating income                 56,031 61,533 56,050
Equity in (losses) earnings of unconsolidated affiliates                 3,774 1,169 (77)
Interest income                 0 0 0
Other                   0 0
Interest and other finance expense                 (27,435) (27,945) (27,024)
Gain on disposition of properties                 0 0 12,577
Income tax benefit (provision)                 0 0 0
Income from continuing operations                     41,526
Income from discontinued operations                     0
Net income                 32,370 34,757 41,526
Net (income) loss attributable to noncontrolling interests                 (3,411) (140) (3,222)
Net income attributable to Acadia                 28,959 34,617 38,304
Real estate at cost 1,982,763       1,572,681       1,982,763 1,572,681 1,366,017
Total assets 2,271,620       1,662,092       2,271,620 1,662,092 1,613,290
Acquisition of real estate 323,880       181,884       323,880 181,884 206,203
Development and property improvement costs 13,434       16,505       13,434 16,505 5,432
Funds                      
Segment Reporting Information [Line Items]                      
Revenues                 39,728 49,048 54,659
Property operating expenses, other operating and real estate taxes                 (17,793) (21,223) (18,574)
General and administrative expenses                 0 0 0
Depreciation and amortization                 (15,429) (14,528) (13,770)
Impairment of asset                   0  
Operating income                 6,506 13,297 22,315
Equity in (losses) earnings of unconsolidated affiliates                 35,675 36,161 111,655
Interest income                 0 0 0
Other                   0 0
Interest and other finance expense                 (7,210) (9,352) (12,402)
Gain on disposition of properties                 81,965 89,063 561
Income tax benefit (provision)                 0 0 0
Income from continuing operations                     122,129
Income from discontinued operations                     1,222
Net income                 116,936 129,169 123,351
Net (income) loss attributable to noncontrolling interests                 (58,405) (84,122) (77,860)
Net income attributable to Acadia                 58,531 45,047 45,491
Real estate at cost 1,399,237       1,163,602       1,399,237 1,163,602 842,578
Total assets 1,448,177       1,223,039       1,448,177 1,223,039 1,005,145
Acquisition of real estate 171,764       156,816       171,764 156,816 50,250
Development and property improvement costs 136,000       147,810       136,000 147,810 134,686
Structuring Financing                      
Segment Reporting Information [Line Items]                      
Revenues                 0 0 0
Property operating expenses, other operating and real estate taxes                 0 0 0
General and administrative expenses                 0 0 0
Depreciation and amortization                 0 0 0
Impairment of asset                   0  
Operating income                 0 0 0
Equity in (losses) earnings of unconsolidated affiliates                 0 0 0
Interest income                 25,829 16,603 12,607
Other                   1,596 2,724
Interest and other finance expense                 0 0 0
Gain on disposition of properties                 0 0 0
Income tax benefit (provision)                 0 0 0
Income from continuing operations                     15,331
Income from discontinued operations                     0
Net income                 25,829 18,199 15,331
Net (income) loss attributable to noncontrolling interests                 0 0 0
Net income attributable to Acadia                 25,829 18,199 15,331
Real estate at cost 0       0       0 0 0
Total assets 276,163       147,188       276,163 147,188 102,286
Acquisition of real estate 0       0       0 0 0
Development and property improvement costs 0       0       0 0 0
Other                      
Segment Reporting Information [Line Items]                      
Revenues                 0 0 0
Property operating expenses, other operating and real estate taxes                 0 0 0
General and administrative expenses                 (40,648) (30,368) (27,433)
Depreciation and amortization                 0 0 0
Impairment of asset                   0  
Operating income                 (40,648) (30,368) (27,433)
Equity in (losses) earnings of unconsolidated affiliates                 0 0 0
Interest income                 0 0 0
Other                   0 0
Interest and other finance expense                 0 0 0
Gain on disposition of properties                 0 0 0
Income tax benefit (provision)                 105 (1,787) (629)
Income from continuing operations                     (28,062)
Income from discontinued operations                     0
Net income                 (40,543) (32,155) (28,062)
Net (income) loss attributable to noncontrolling interests                 0 0 0
Net income attributable to Acadia                 (40,543) (32,155) (28,062)
Real estate at cost 0       0       0 0 0
Total assets 0       0       0 0 0
Acquisition of real estate 0       0       0 0 0
Development and property improvement costs $ 0       $ 0       $ 0 $ 0 $ 0