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INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED AFFILIATES (Details) (USD $)
In Thousands, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Dec. 31, 2012
Schedule of Equity Method Investments [Line Items]          
Investments in and advances to unconsolidated affiliates $ 188,299   $ 188,299   $ 221,904
Assets          
Investments in and advances to unconsolidated affiliates 188,299   188,299   221,904
Total assets 2,310,544 1,503,765 2,310,544 1,503,765 1,908,440
Liabilities and Equity          
Other liabilities 19,266   19,266   21,303
Total liabilities and equity 2,310,544   2,310,544   1,908,440
Investments in and advances to unconsolidated affiliates 188,299   188,299   221,904
Company's share of distributions in excess of share of income and investments in unconsolidated affiliates (12,319)   (12,319)   (22,707)
Combined and Condensed Statements of Operations          
Total revenues 45,936 32,745 93,236 62,712  
Operating and other expenses (29,174) (24,051) (57,773) (46,722)  
Equity in (losses) earnings of unconsolidated affiliates 815 4,591 3,065 4,535  
Depreciation and amortization (10,976) (8,201) (21,604) (15,351)  
Gain on sale of property 4,191 2,668 4,191 2,668  
Income from continuing operations 5,157 5,176 15,939 5,672  
Unconsolidated Affiliates
          
Schedule of Equity Method Investments [Line Items]          
Investments in and advances to unconsolidated affiliates 63,746   63,746   93,923
Assets          
Rental property, net 367,096   367,096   441,611
Investments in and advances to unconsolidated affiliates 63,746   63,746   93,923
Other assets 31,830   31,830   39,035
Total assets 462,672   462,672   574,569
Liabilities and Equity          
Mortgage notes payable 242,449   242,449   326,296
Other liabilities 16,633   16,633   24,267
Partners' equity 203,590   203,590   224,006
Total liabilities and equity 462,672   462,672   574,569
Investments in and advances to unconsolidated affiliates 63,746   63,746   93,923
Combined and Condensed Statements of Operations          
Total revenues 10,846 11,922 21,845 24,218  
Operating and other expenses (4,698) (4,362) (8,979) (8,816)  
Interest expense (2,056) (4,613) (4,087) (9,251)  
Equity in (losses) earnings of unconsolidated affiliates 6,581 6,469 5,870 4,846  
Depreciation and amortization (2,608) (2,371) (4,688) (4,643)  
Gain on sale of property 0 3,402 0 3,402  
Income from continuing operations 8,065 10,447 9,961 9,756  
Operating Partnership, as General Partner or Managing Member
          
Combined and Condensed Statements of Operations          
Equity in (losses) earnings of unconsolidated affiliates 815 4,591 3,065 4,535  
Company's share of net income (loss) 913 4,689 3,261 4,731  
Amortization of excess investment (98) (98) (196) (196)  
Core Portfolio
          
Assets          
Total assets 1,100,356 750,634 1,100,356 750,634  
Combined and Condensed Statements of Operations          
Total revenues 28,057 17,366 54,471 33,070  
Depreciation and amortization (7,142) (4,495) (13,777) (8,237)  
Core Portfolio | Crossroads
          
Schedule of Equity Method Investments [Line Items]          
Equity Method Investment, Ownership Percentage 49.00%   49.00%    
Square Footage of Real Estate Property (in square feet) 311,000   311,000    
Core Portfolio | Georgetown Portfolio
          
Schedule of Equity Method Investments [Line Items]          
Equity Method Investment, Ownership Percentage 50.00%   50.00%    
Square Footage of Real Estate Property (in square feet) 28,000   28,000    
Core Portfolio | Route 202 Shopping Center [Member]
          
Schedule of Equity Method Investments [Line Items]          
Equity Method Investment, Ownership Percentage 22.22%   22.22%    
Square Footage of Real Estate Property (in square feet) 20,000   20,000    
Opportunity Funds
          
Assets          
Total assets 1,104,704 664,419 1,104,704 664,419  
Combined and Condensed Statements of Operations          
Total revenues 14,480 13,202 32,006 25,436  
Depreciation and amortization (3,834) (3,706) (7,827) (7,114)  
Opportunity Funds | RCP Venture
          
Schedule of Equity Method Investments [Line Items]          
Investments in and advances to unconsolidated affiliates 63,214   63,214    
Investment Income, Dividend     144,012    
Assets          
Investments in and advances to unconsolidated affiliates 63,214   63,214    
Liabilities and Equity          
Investments in and advances to unconsolidated affiliates 63,214   63,214    
Opportunity Funds | RCP Venture | Operating Partnership, as General Partner or Managing Member
          
Schedule of Equity Method Investments [Line Items]          
Investments in and advances to unconsolidated affiliates 12,070   12,070    
Investment Income, Dividend     30,986    
Assets          
Investments in and advances to unconsolidated affiliates 12,070   12,070    
Liabilities and Equity          
Investments in and advances to unconsolidated affiliates 12,070   12,070    
Opportunity Funds | Mervyns I and Mervyns II | KLA/Mervyns LLC Add-On Investments
          
Schedule of Equity Method Investments [Line Items]          
Cost Method Investments 7,547   7,547    
Investment Income, Dividend     5,334    
Opportunity Funds | Mervyns I and Mervyns II | KLA/Mervyns LLC Add-On Investments | Operating Partnership, as General Partner or Managing Member
          
Schedule of Equity Method Investments [Line Items]          
Cost Method Investments 1,252   1,252    
Investment Income, Dividend     1,193    
Opportunity Funds | Mervyns II | KLA A Markets LLC Add-On Investments
          
Schedule of Equity Method Investments [Line Items]          
Cost Method Investments 2,416   2,416    
Investment Income, Dividend     4,864    
Opportunity Funds | Mervyns II | KLA A Markets LLC Add-On Investments | Operating Partnership, as General Partner or Managing Member
          
Schedule of Equity Method Investments [Line Items]          
Cost Method Investments 388   388    
Investment Income, Dividend     972    
Opportunity Funds | Mervyns II | KLAC Rex Venture LLC
          
Schedule of Equity Method Investments [Line Items]          
Cost Method Investments 2,701   2,701    
Investment Income, Dividend     1,956    
Opportunity Funds | Mervyns II | KLAC Rex Venture LLC | Operating Partnership, as General Partner or Managing Member
          
Schedule of Equity Method Investments [Line Items]          
Cost Method Investments 535   535    
Investment Income, Dividend     392    
Opportunity Funds | Fund II | KA-Shopko LLC
          
Schedule of Equity Method Investments [Line Items]          
Cost Method Investments 1,108   1,108    
Investment Income, Dividend     1,659    
Opportunity Funds | Fund II | KA-Shopko LLC | Operating Partnership, as General Partner or Managing Member
          
Schedule of Equity Method Investments [Line Items]          
Cost Method Investments 222   222    
Investment Income, Dividend     332    
Opportunity Funds | Fund II | Marsh and Add-On Investments
          
Schedule of Equity Method Investments [Line Items]          
Cost Method Investments 2,667   2,667    
Investment Income, Dividend     2,639    
Opportunity Funds | Fund II | Marsh and Add-On Investments | Operating Partnership, as General Partner or Managing Member
          
Schedule of Equity Method Investments [Line Items]          
Cost Method Investments 533   533    
Investment Income, Dividend     528    
Opportunity Funds | KLA/Mervyns LLC | Mervyns I and Mervyns II
          
Schedule of Equity Method Investments [Line Items]          
Equity Method Investments 26,058   26,058    
Equity Method Investment, Dividends or Distributions     45,966    
Opportunity Funds | KLA/Mervyns LLC | Mervyns I and Mervyns II | Operating Partnership, as General Partner or Managing Member
          
Schedule of Equity Method Investments [Line Items]          
Equity Method Investments 4,901   4,901    
Equity Method Investment, Dividends or Distributions     11,251    
Opportunity Funds | KLA A Markets LLC | Mervyns II
          
Schedule of Equity Method Investments [Line Items]          
Equity Method Investments 20,717   20,717    
Equity Method Investment, Dividends or Distributions     81,594    
Opportunity Funds | KLA A Markets LLC | Mervyns II | Operating Partnership, as General Partner or Managing Member
          
Schedule of Equity Method Investments [Line Items]          
Equity Method Investments 4,239   4,239    
Equity Method Investment, Dividends or Distributions     $ 16,318