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Note 7 - Investment and Advances in Real Estate Joint Ventures (Details) - The Company’s Share of Net Income/(Loss) (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Schedule of Equity Method Investments [Line Items]      
Equity in Income of Joint Ventures and Gains on Change in Control $ 208,689 $ 112,896 $ 63,467
KimPru and KimPru II [Member]
     
Schedule of Equity Method Investments [Line Items]      
Equity in Income of Joint Ventures and Gains on Change in Control 9,100 [1],[2],[3],[4] 7,400 [1],[2],[3],[4] (1,600) [1],[2],[3],[4]
KIR [Member]
     
Schedule of Equity Method Investments [Line Items]      
Equity in Income of Joint Ventures and Gains on Change in Control 25,300 [5],[6] 23,400 [5],[6] 17,300 [5],[6]
KUBS [Member]
     
Schedule of Equity Method Investments [Line Items]      
Equity in Income of Joint Ventures and Gains on Change in Control 1,800 [7],[8] 500 [7],[8] (800) [7],[8]
Kimstone [Member]
     
Schedule of Equity Method Investments [Line Items]      
Equity in Income of Joint Ventures and Gains on Change in Control 3,600 [7]    [7]    [7]
BIG Shopping Centers [Member]
     
Schedule of Equity Method Investments [Line Items]      
Equity in Income of Joint Ventures and Gains on Change in Control 3,000 [10],[9] (3,700) [10],[9] (2,900) [10],[9]
CPP [Member]
     
Schedule of Equity Method Investments [Line Items]      
Equity in Income of Joint Ventures and Gains on Change in Control 5,800 5,300 5,200
Kimco Income Fund [Member]
     
Schedule of Equity Method Investments [Line Items]      
Equity in Income of Joint Ventures and Gains on Change in Control 3,300 1,700 1,000
SEB Immobilien [Member]
     
Schedule of Equity Method Investments [Line Items]      
Equity in Income of Joint Ventures and Gains on Change in Control 1,100 700  
Other Institutional Programs [Member]
     
Schedule of Equity Method Investments [Line Items]      
Equity in Income of Joint Ventures and Gains on Change in Control 1,400 [11],[12] 5,000 [11],[12] 5,000 [11],[12]
RioCan [Member]
     
Schedule of Equity Method Investments [Line Items]      
Equity in Income of Joint Ventures and Gains on Change in Control 27,600 [13] 30,400 [13] 19,700 [13]
Intown [Member]
     
Schedule of Equity Method Investments [Line Items]      
Equity in Income of Joint Ventures and Gains on Change in Control 1,400 4,000 (1,900)
Latin America Portfolio [Member]
     
Schedule of Equity Method Investments [Line Items]      
Equity in Income of Joint Ventures and Gains on Change in Control 103,100 [14],[15],[16] 15,800 [14],[15],[16] 12,500 [14],[15],[16]
Other Joint Venture Programs [Member]
     
Schedule of Equity Method Investments [Line Items]      
Equity in Income of Joint Ventures and Gains on Change in Control 22,200 [17],[18],[19],[20] 22,400 [17],[18],[19],[20] 10,000 [17],[18],[19],[20]
All Equity Method Investments [Member]
     
Schedule of Equity Method Investments [Line Items]      
Equity in Income of Joint Ventures and Gains on Change in Control $ 208,700 $ 112,900 $ 63,500
[1] During the year ended December 31, 2013, the Company purchased the remaining interest in an operating property for a purchase price of $15.8 million. As a result of this transaction, KimPru recognized an impairment charge of $4.0 million, of which the Company's share was $0.6 million.
[2] KimPru recognized impairment charges of $6.5 million related to the sale of two properties and $53.6 million related to the potential foreclosure of two properties during the years ended December 31, 2012 and 2011, respectively. The Company had previously taken other-than-temporary impairment charges on its investment in KimPru and had allocated these impairment charges to the underlying assets of the KimPru joint ventures including a portion to these operating properties. As such, the Company's share of these impairment charges for the years ended December 31, 2012 and 2011 were $0.8 million and $6.0 million, respectively.
[3] During 2011, a third party mortgage lender foreclosed on an operating property for which KimPru had previously taken an impairment charge during 2010. As a result of the foreclosure during 2011, KimPru recognized an aggregate gain on early extinguishment of debt of $29.6 million. The Company's share of this gain was $4.4 million, before income taxes.
[4] KimPru II recognized impairment charges of $7.3 million for the year ended December 31, 2011, related to the foreclosure of one operating property. The Company had previously taken other-than-temporary impairment charges on its investment in KimPru II and had allocated these impairment charges to the underlying assets of the KimPru II joint ventures including a portion to this operating property. As such, the Company's share of this impairment charge for the year ended December 31, 2011 was $1.0 million.
[5] During the year ended December 31, 2013, KIR sold an operating property in Cincinnati, OH for a sales price of $30.0 million and recognized a gain of $6.1 million. The Company's share of this gain was $3.0 million.
[6] KIR recognized an impairment charge of $4.6 million related to the sale of one operating property for the year ended December 31, 2011. The Company's share of this impairment charge was $2.1 million for the year ended December 31, 2011.
[7] During June 2013, the Company increased its ownership interest in the UBS Programs to 33.3% and simultaneously UBS transferred its remaining 66.7% ownership interest in the UBS Programs to affiliates of Blackstone Real Estate Partners VII ("Blackstone"). Both of these transactions were based on a gross purchase price of $1.1 billion. Upon completion of these transactions, Blackstone and the Company entered into a new joint venture (Kimstone) in which the Company owns a 33.3% noncontrolling interest.
[8] The UBS Program recognized impairment charges of $13.0 million related to the sale of two properties and $9.7 million related to the sale of one property, during the years ended December 31, 2012 and 2011, respectively. The Company's share of these impairment charges for the years ended December 31, 2012 and 2011 were $2.2 million and $1.9 million, respectively. Additionally, during the year ended December 31, 2011, the UBS Program recognized an impairment charge of $5.0 million relating to a property that was anticipated to be foreclosed on by the third party lender in 2012. The Company's share of this impairment charge was $0.8 million. A deed in lieu of foreclosure was given to the third party lender in 2012.
[9] During the year ended December 31, 2013, BIG recognized a gain on early extinguishment of debt of $13.7 million related to a property that was foreclosed on by a third party lender. The Company's share of this gain was $2.4 million.
[10] During the year ended December 31, 2012, BIG recognized an impairment charge of $9.0 million on a property that was foreclosed upon in 2013. The Company's share of this impairment charge was $0.9 million.
[11] During the year ended December 31, 2012, a joint venture in which the Company holds a noncontrolling interest sold two encumbered operating properties to the Company for an aggregate sales price of $75.5 million. As a result of this transaction, the Company recognized promote income of $2.6 million. Additionally, another joint venture in which the Company holds a noncontrolling interest sold an operating property to the Company for a sales price of $127.0 million. As a result of this transaction, the Company recognized promote income of $1.1 million.
[12] During the year ended December 31, 2012, two joint ventures in which the Company has a noncontrolling interest recognized aggregate impairment charges of $6.5 million related to the sale of four operating properties. The Company's share of these impairment charges was $0.8 million.
[13] During the year ended December 31, 2012, the Company recognized income of $7.5 million, before taxes of $1.5 million, from the sale of certain air rights at one of the properties in the RioCan portfolio.
[14] During the year ended December 31, 2013, joint ventures in which the Company held noncontrolling interests sold 20 operating properties located throughout Mexico and Chile for $341.9 million. These transactions resulted in an aggregate net gain to the Company of $22.9 million, after tax, which represents the Company's share.
[15] During the year ended December 31, 2013, the Company and its joint venture partner sold their noncontrolling ownership interest in a joint venture which held interests in 84 operating properties located throughout Mexico for $603.5 million (including debt of $301.2 million). The Company's share of the net gain of $78.2 million, before income taxes of $25.1 million.
[16] The Company is currently in advanced negotiations to sell 10 operating properties located throughout Mexico, which are held in unconsolidated joint ventures in which the Company holds noncontrolling interests. Based upon the allocation of the selling price, the Company has recorded its share of impairment charges of $9.4 million on six of these properties.
[17] During the year ended December 31, 2013, joint ventures in which the Company has noncontrolling interests sold six operating properties, in separate transactions, for an aggregate sales price of $132.1 million. In connection with these transactions, the Company recognized its share of the aggregate gains of $6.1 million and aggregate impairment charges of $1.5 million.
[18] During the year ended December 31, 2012, two joint ventures in which the Company holds noncontrolling interests sold two properties, in separate transactions, for an aggregate sales price of $118.0 million. The Company's share of the aggregate gain related to these transactions was $8.3 million.
[19] During the year ended December 31, 2012, three joint ventures in which the Company has noncontrolling interests recognized aggregate impairment charges of $12.8 million related to the sale of one operating property, the pending sale of one property and the potential foreclosure of another property. The Company's share of these impairment charges was $6.4 million.
[20] During the year ended December 31, 2011, the Company sold its interest in a Canadian hotel portfolio to its partner, for Canadian Dollars ("CAD") $2.5 million (USD $2.4 million). As a result, the Company recorded its share of an impairment charge of USD $5.2 million, before income taxes.