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INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED AFFILIATES (Tables)
 12 Months Ended
Dec. 31, 2011
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Equity Method Investments [Table Text Block]
The following table summarizes activity related to the RCP Venture investments from inception through December 31, 2011:
 
 
 
 
 
 
 
 
Operating Partnership Share
Investment
 
Year
Acquired
 
Invested
Capital
and Advances
 
Distributions
 
Invested
Capital
and Advances
 
Distributions
Mervyns
 
2004
 
$
26,058

 
$
45,966

 
$
4,901

 
$
11,251

Mervyns Add-On investments
 
2005/2008
 
6,517

 
3,558

 
1,046

 
819

Albertsons
 
2006
 
20,717

 
81,594

 
4,239

 
16,318

Albertsons Add-On investments
 
2006/2007
 
2,416

 
1,679

 
388

 
336

Shopko
 
2006
 
1,108

 
1,659

 
222

 
332

Marsh and Add-On investments
 
2006/2008
 
2,667

 
2,639

 
533

 
528

Rex Stores
 
2007
 
2,701

 
840

 
535

 
168

Total
 
 
 
$
62,184

 
$
137,935

 
$
11,864

 
$
29,752
Schedule of Noncontrolling Interest In Individual Investee [Table Text Block]
The Acadia Investors have non-controlling interests in the individual investee LLC’s as follows:
 
 
 
 
 
 
Acadia Investors
Ownership % in:
Investment
 
Investee LLC
 
Acadia Investors
Entity
 
Investee
LLC
 
Underlying
entity(s)
Mervyns
 
KLA/Mervyn's, L.L.C
 
Mervyns I and Mervyns II
 
10.5%
 
5.8%
Mervyns Add-On Investments
 
KLA/Mervyn's, L.L.C
 
Mervyns I and Mervyns II
 
10.5%
 
5.8%
Albertsons
 
KLA A Markets, LLC
 
Mervyns II
 
18.9%
 
5.7%
Albertsons Add-On Investments
 
KLA A Markets, LLC
 
Mervyns II
 
20.0%
 
6.0%
Shopko
 
KA-Shopko, LLC
 
Fund II
 
20.0%
 
2.0%
Marsh and Add-On Investments
 
KA Marsh, LLC
 
Fund II
 
20.0%
 
3.3%
Rex Stores
 
KLAC Rex Venture, LLC
 
Mervyns II
 
13.3%
 
13.3%
Schedule of Condensed Balance Sheet [Table Text Block]
The following combined and condensed Balance Sheets and Statements of Operations, in each period, summarize the financial information of the Company’s investments in unconsolidated affiliates.
(dollars in thousands)
 
December 31, 2011
 
December 31, 2010
Combined and Condensed Balance Sheets
 
 

 
 

Assets:
 
 

 
 

Rental property, net
 
$
280,470

 
$
186,802

Investment in unconsolidated affiliates
 
156,421

 
192,002

Other assets
 
29,587

 
27,841

Total assets
 
$
466,478

 
$
406,645

Liabilities and partners’ equity:
 
 

 
 

Mortgage notes payable
 
$
319,425

 
$
267,565

Other liabilities
 
16,902

 
13,815

Partners’ equity
 
130,151

 
125,265

Total liabilities and partners’ equity
 
$
466,478

 
$
406,645

Company’s investment in and advances to unconsolidated affiliates
 
$
84,568

 
$
31,036

Company's share of distributions in excess of share of income and investments in unconsolidated affiliates
 
$
(21,710
)
 
$
(20,884
)
Schedule of Condensed Income Statement [Table Text Block]
 
 
Years Ended December 31,
(dollars in thousands)
 
2011
 
2010
 
2009
Combined and Condensed Statements of Operations
 
 

 
 

 
 

Total revenues
 
$
42,185

 
$
29,460

 
$
30,835

Operating and other expenses
 
15,924

 
10,617

 
9,851

Interest expense
 
17,099

 
13,525

 
13,786

Equity in earnings (losses) of unconsolidated affiliates
 
7,243

 
56,482

 
(30,568
)
Depreciation and amortization
 
8,837

 
4,839

 
5,152

Loss on sale of property, net
 
—

 
(2,957
)
 
(390
)
Net income (loss)
 
$
7,568

 
$
54,004

 
$
(28,912
)
 
 
 
 
 
 
 
Company’s share of net income (loss)
 
$
1,946

 
$
11,363

 
$
(1,141
)
Impairment loss
 
—

 
—

 
(3,768
)
Amortization of excess investment
 
(391
)
 
(392
)
 
(388
)
Company’s equity in earnings (losses) of unconsolidated affiliates
 
$
1,555

 
$
10,971

 
$
(5,297
)