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INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED AFFILIATES (Tables) | 12 Months Ended
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Dec. 31, 2013
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, 2013:
|  |  |  |  |  |  |  | Operating Partnership Share
Investment |  | Year Acquired |  | Invested Capital and Advances |  | Distributions |  | Invested Capital and Advances |  | Distributions
Mervyns |  | 2004 |  | $ | 26,058 |  |  | $ | 46,916 |  |  | $ | 4,901 |  |  | $ | 11,451 |
Mervyns Add-On investments |  | 2005/2008 |  | 7,547 |  |  | 5,334 |  |  | 1,252 |  |  | 1,193 |
Albertsons |  | 2006 |  | 20,717 |  |  | 81,594 |  |  | 4,239 |  |  | 16,318 |
Albertsons Add-On investments |  | 2006/2007 |  | 2,416 |  |  | 4,864 |  |  | 388 |  |  | 972 |
Shopko |  | 2006 |  | 1,108 |  |  | 2,460 |  |  | 222 |  |  | 492 |
Marsh and Add-On investments |  | 2006/2008 |  | 2,667 |  |  | 2,639 |  |  | 533 |  |  | 528 |
Rex Stores |  | 2007 |  | 2,701 |  |  | 1,956 |  |  | 535 |  |  | 392 |
Total |  |  |  | $ | 63,214 |  |  | $ | 145,763 |  |  | $ | 12,070 |  |  | $ | 31,346 |
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 Income, in each period, summarize the financial information of the Company’s investments in unconsolidated affiliates.
(dollars in thousands) |  | December 31, 2013 |  | December 31, 2012
Combined and Condensed Balance Sheets |  |  |  |  |  |
Assets: |  |  |  |  |  |
Rental property, net |  | $ | 380,268 |  |  | $ | 441,611 |
Real estate under development |  | 5,573 |  |  | — |
Investment in unconsolidated affiliates |  | 63,745 |  |  | 93,923 |
Other assets |  | 66,895 |  |  | 39,035 |
Total assets |  | $ | 516,481 |  |  | $ | 574,569 |
Liabilities and partners’ equity: |  |  |  |  |  |
Mortgage notes payable |  | $ | 265,982 |  |  | $ | 326,296 |
Other liabilities |  | 43,733 |  |  | 24,267 |
Partners’ equity |  | 206,766 |  |  | 224,006 |
Total liabilities and partners’ equity |  | $ | 516,481 |  |  | $ | 574,569 |
Company’s investment in and advances to unconsolidated affiliates |  | $ | 181,322 |  |  | $ | 221,904 |
Company's share of distributions in excess of share of income and investments in unconsolidated affiliates |  | $ | (8,701 | ) |  | $ | (22,707 | )
Schedule of Condensed Income Statement [Table Text Block] |
|  | Years Ended December 31,
(dollars in thousands) |  | 2013 |  | 2012 |  | 2011
Combined and Condensed Statements of Income |  |  |  |  |  |  |  |  |
Total revenues |  | $ | 51,638 |  |  | $ | 49,729 |  |  | $ | 42,185 |
Operating and other expenses |  | (18,700 | ) |  | (18,919 | ) |  | (15,924 | )
Interest expense |  | (8,943 | ) |  | (18,547 | ) |  | (17,099 | )
Equity in earnings of unconsolidated affiliates |  | 13,651 |  |  | 583 |  |  | 7,243 |
Depreciation and amortization |  | (10,599 | ) |  | (9,551 | ) |  | (8,837 | )
Loss on debt extinguishment |  | — |  |  | (293 | ) |  | — |
Gain on sale of properties |  | — |  |  | 3,402 |  |  | — |
Net income |  | $ | 27,047 |  |  | $ | 6,404 |  |  | $ | 7,568 |
Company’s share of net income |  | $ | 12,774 |  |  | $ | 1,971 |  |  | $ | 1,946 |
Amortization of excess investment |  | (392 | ) |  | (392 | ) |  | (391 | )
Company’s equity in earnings of unconsolidated affiliates |  | $ | 12,382 |  |  | $ | 1,579 |  |  | $ | 1,555 |

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