XML 86 R113.htm IDEA: XBRL DOCUMENT v2.4.1.9
Note 19 - Commitments and Contingencies (Details) - Guarantees (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Guarantor Obligations [Line Items]  
Amount of Guarantee $ 139.7us-gaap_GuaranteeObligationsMaximumExposure
InTown Suites Management, Inc. [Member]  
Guarantor Obligations [Line Items]  
Amount of Guarantee 139.7us-gaap_GuaranteeObligationsMaximumExposure
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= kim_InTownSuitesManagementIncMember
Interest rate LIBOR plus 1.15%
Maturity Date WIth Extensions 2015 [1]
Guarantee Descriptions (1)
Victoriaville [Member]  
Guarantor Obligations [Line Items]  
Amount of Guarantee 2.1us-gaap_GuaranteeObligationsMaximumExposure
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= kim_VictoriavilleMember
Interest rate 3.92%
Maturity Date WIth Extensions 2020
Guarantee Descriptions Jointly and severally with partner
Anthem K-12, LP [Member]  
Guarantor Obligations [Line Items]  
Amount of Guarantee $ 42.2us-gaap_GuaranteeObligationsMaximumExposure
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= kim_AnthemK12LPMember
Interest rate Various (2) [2]
Maturity Date WIth Extensions Various (2) [2]
Guarantee Descriptions Jointly and severally with partner
[1] During June 2013, the Company sold its unconsolidated investment in the InTown portfolio for a sales price of $735.0 million which included the assignment of $609.2 million in debt. This transaction resulted in a deferred gain to the Company of $21.7 million. The Company continues to maintain its guarantee of a portion of the debt assumed by the buyer ($139.7 million as of December 31, 2014). The guarantee is collateralized by the buyer's ownership interest in the portfolio. Additionally, the Company has entered into a commitment to provide financing up to the outstanding amount of the guaranteed portion of the loan for five years past the date of maturity. This commitment can be in the form of extensions with the current lender or a new lender or financing directly from the Company to the buyer.
[2] As of December 31, 2014, the interest rates range from 3.62% to 4.97% and maturity dates with extensions range from 2015 to 2022.