XML 45 R45.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Note 4 - Investment and Advances in Real Estate Joint Ventures (Details) (USD $) | 3 Months Ended | 1 Months Ended |  | 3 Months Ended |  |  |  | 3 Months Ended |  |  | 3 Months Ended |  |  | 1 Months Ended | 3 Months Ended |  |  | 3 Months Ended |  |  |  |  |  | 3 Months Ended |  |
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Mar. 31, 2014 | Mar. 31, 2013 | Apr. 30, 2014 Subsequent Event [Member] KIF [Member] | Apr. 30, 2013 Expected to Result in Losses [Member] Latin America Portfolio [Member] MEXICO Operating Properties [Member] | Mar. 31, 2013 KimPru and KimPru II [Member] Parent Company [Member] | Mar. 31, 2013 KimPru and KimPru II [Member] | Mar. 31, 2014 KimPru and KimPru II [Member] | Dec. 31, 2013 KimPru and KimPru II [Member] | Mar. 31, 2014 KimPru [Member] | Mar. 31, 2014 KIR [Member] | Dec. 31, 2013 KIR [Member] | Mar. 31, 2014 Other Institutional Programs [Member] Acquired [Member] | Mar. 31, 2014 Other Institutional Programs [Member] Parent Company [Member] Operating Properties [Member] | Mar. 31, 2014 Other Institutional Programs [Member] Operating Properties [Member] | Mar. 31, 2014 Other Institutional Programs [Member] | Dec. 31, 2013 Other Institutional Programs [Member] | Mar. 31, 2014 Latin America Portfolio [Member] Sold [Member] MEXICO Operating Properties [Member] | Apr. 30, 2013 Latin America Portfolio [Member] Parent Company [Member] MEXICO Operating Properties [Member] | Apr. 30, 2013 Latin America Portfolio [Member] MEXICO Operating Properties [Member] | Mar. 31, 2014 Latin America Portfolio [Member] MEXICO Operating Properties [Member] | Mar. 31, 2014 Latin America Portfolio [Member] | Dec. 31, 2013 Latin America Portfolio [Member] | Mar. 31, 2014 Other Joint Venture Programs [Member] Parent Company [Member] Operating Properties [Member] | Mar. 31, 2013 Other Joint Venture Programs [Member] Parent Company [Member] | Mar. 31, 2014 Other Joint Venture Programs [Member] Operating Properties [Member] | Mar. 31, 2013 Other Joint Venture Programs [Member] | Mar. 31, 2014 Other Joint Venture Programs [Member] | Dec. 31, 2013 Other Joint Venture Programs [Member] | Mar. 31, 2014 Kimstone [Member] | Dec. 31, 2013 Kimstone [Member] | Jun. 30, 2013 Kimstone [Member] | Mar. 31, 2013 BIG Shopping Centers [Member] Parent Company [Member] | Mar. 31, 2013 BIG Shopping Centers [Member] | Mar. 31, 2014 BIG Shopping Centers [Member] | Dec. 31, 2013 BIG Shopping Centers [Member]
Note 4 - Investment and Advances in Real Estate Joint Ventures (Details) [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of Joint Ventures |  |  |  |  |  |  | 4 |  |  |  | 3 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of Accounts |  |  |  |  |  |  | 4 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sales of Real Estate |  |  |  |  |  |  |  |  |  |  |  | $ 5,300,000 |  |  |  |  |  | $ 11,300,000 |  |  |  |  |  |  |  | $ 106,700,000 |  |  |  |  |  |  | $ 10,000,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Impairment of Real Estate |  |  |  |  | 500,000 | 3,700,000 |  |  |  |  |  | 800,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 900,000 |  | 1,800,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of Real Estate Properties |  |  |  | 3 |  |  | 60 | [1],[2] | 60 | [1],[2] |  | 56 | [2],[3] | 57 | [2],[3] | 3 |  |  | 52 | [2],[4],[5] | 56 | [2],[4],[5] | 6 |  | 9 |  | 22 | [6] | 28 | [6] |  |  | 2 |  | 73 | [7] | 75 | [7] | 39 | [2] | 39 | [2] |  |  |  | 21 | [2],[8] | 21 | [2],[8]
Payments to Acquire Real Estate | 95,321,000 | 64,717,000 | 408,000,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 93,200,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain | 3,744,000 | 23,170,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,700,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gains (Losses) on Sales of Investment Real Estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 100,000 | 300,000 |  |  |  |  |  | (2,300,000) | (4,600,000) | 28,400,000 |  |  |  |  | 300,000 |  | 500,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity Method Investment, Ownership Percentage |  |  |  |  |  |  | 15.00% | [1],[2] | 15.00% | [1],[2] |  | 48.60% | [2],[3] | 48.60% | [2],[3] |  |  |  |  | [2],[4],[5] |  | [2],[4],[5] |  |  |  |  |  | [6] |  | [6] |  |  |  |  |  | [7] |  | [7] | 33.30% | [2] | 33.30% | [2] | 33.30% |  |  | 37.90% | [2],[8] | 37.90% | [2],[8]
Gains (Losses) on Extinguishment of Debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2,400,000 | 13,700,000 |  |  |  |
Business Combination, Consideration Transferred, Liabilities Incurred | 112,987,000 |  | 38,200,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Repayments of Debt |  |  | $ 118,900,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
[1] | This venture represents four separate joint ventures, with four separate accounts managed by Prudential Real Estate Investors ("PREI"), three of these ventures are collectively referred to as KimPru and the remaining venture is referred to as KimPru II.
[2] | The Company manages these joint venture investments and, where applicable, earns acquisition fees, leasing commissions, property management fees, asset management fees and construction management fees.
[3] | During the three months ended March 31, 2014, KIR sold an operating property for a sales price of $5.3 million. In connection with this transaction, the Company recognized its share of an impairment charge of $0.8 million.
[4] | During the three months ended March 31, 2014, the Company acquired three properties from a joint venture in which the Company has a noncontrolling interest for a total sales price of $93.2 million. The Company evaluated this transaction pursuant to the FASB's Consolidation guidance. As such, the Company recognized a gain of $3.7 million from the fair value adjustment associated with the Company's original ownership due to a change in control and now consolidates these operating properties.
[5] | During the three months ended March 31, 2014, a joint venture in which the Company holds a noncontrolling interest sold an operating property for a sales price of $11.3 million and recognized a gain of $0.3 million. The Company's share of this gain was $0.1 million.
[6] | During the three months ended March 31, 2014, the Company sold its noncontrolling interest in six operating properties located throughout Mexico for a sales price of $106.5 million. The Company recognized a gain of $28.4 million, before income taxes, associated with the transaction.
[7] | During the three months ended March 31, 2014, a joint venture in which the Company holds a noncontrolling interest sold two operating properties for an aggregate sales price of $10.0 million and recognized an aggregate gain of $0.5 million. The Company's share of this gain was $0.3 million.
[8] | Ownership % is a blended rate

X
- Details
Name: | kim_Note4InvestmentandAdvancesinRealEstateJointVenturesDetailsLineItems
Namespace Prefix: | kim_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition No authoritative reference available. + References No definition available. + Details
Name: | kim_NumberOfAccounts
Namespace Prefix: | kim_
Data Type: | xbrli:decimalItemType
Balance Type: | na
Period Type: | instant

X
- Definition No authoritative reference available. + References No definition available. + Details
Name: | kim_NumberOfJointVentures
Namespace Prefix: | kim_
Data Type: | xbrli:decimalItemType
Balance Type: | na
Period Type: | instant

X
- Definition Amount of liabilities incurred by the acquirer as part of consideration transferred in a business combination. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 25 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6911189&loc=d3e6405-128476 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 30 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6911251&loc=d3e6578-128477 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 30 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6911251&loc=d3e6613-128477 + Details
Name: | us-gaap_BusinessCombinationConsiderationTransferredLiabilitiesIncurred
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition In a business combination achieved in stages, this element represents the amount of gain recognized by the entity as a result of remeasuring to fair value the equity interest in the acquiree it held before the business combination. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (g)(2) -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (a)(1) -URI http://asc.fasb.org/extlink&oid=6382943&loc=d3e33918-111571 + Details
Name: | us-gaap_EquityMethodInvestmentOwnershipPercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3602-108585 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 50 -Section 40 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6850294&loc=d3e12317-112629 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 50 -Section 40 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6850294&loc=d3e12355-112629 + Details
Name: | us-gaap_GainsLossesOnExtinguishmentOfDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The net gain (loss) resulting from sales and other disposals of real estate owned for investment purposes. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.14(d)) -URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 14 -Subparagraph d -Article 9 + Details
Name: | us-gaap_GainsLossesOnSalesOfInvestmentRealEstate
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The charge against earnings in the period to reduce the carrying amount of real property to fair value. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3602-108585 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2921-110230 + Details
Name: | us-gaap_ImpairmentOfRealEstate
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The number of real estate properties owned as of the balance sheet date. + References No definition available. + Details
Name: | us-gaap_NumberOfRealEstateProperties
Namespace Prefix: | us-gaap_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition The cash outflow from the acquisition of a piece of land, anything permanently fixed to it, including buildings, structures on it and so forth; includes real estate intended to generate income for the owner; excludes real estate acquired for use by the owner. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 13 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3213-108585 + Details
Name: | us-gaap_PaymentsToAcquireRealEstate
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The cash outflow during the period from the repayment of aggregate short-term and long-term debt. Excludes payment of capital lease obligations. + References No definition available. + Details
Name: | us-gaap_RepaymentsOfDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Revenue from the sale of commercial, industrial, or residential property during the period. This element is more likely than not relevant to an entity for which real estate operations are a principal activity. If real estate operations are not a principal activity, the reporting entity would likely use a gain (loss) on sale of property, plant, or equipment type element. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1(e)) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
Name: | us-gaap_SalesOfRealEstate
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration