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SEGMENT REPORTING (Details) (USD $) In Thousands, unless otherwise specified | 3 Months Ended |
--- | --- | ---
Mar. 31, 2014 reportable_segments | Mar. 31, 2013 | Dec. 31, 2013
Segment Reporting Information [Line Items] |  |  |
Number of reportable segments | 3 |  |
Revenues | $ 46,685 | $ 42,289 |
Property operating expenses, other operating and real estate taxes | (13,481) | (10,983) |
General and administrative | (6,896) | (5,626) |
Depreciation and amortization | (11,587) | (9,229) |
Operating income | 14,721 | 16,451 |
Equity in (losses) earnings of unconsolidated affiliates | 3,029 | 2,250 |
Loss on debt extinguishment | (203) | 0 |
Gain on disposition of property | 12,387 | 0 |
Interest and other finance expense | (10,651) | (9,285) |
Income tax provision | (168) | 139 |
Income from continuing operations | 19,115 | 9,555 |
Income from discontinued operations | 0 | 1,624 |
Net income | 19,115 | 11,179 |
Continuing operations | 2,480 | 35 |
Income from discontinued operations attributable to noncontrolling interests | 0 | (1,591) |
Net income attributable to noncontrolling interests | 2,480 | (1,556) |
Net income attributable to Common Shareholders | 21,595 | 9,623 |
Real Estate at Cost | 1,922,910 |  | 1,543,290
Total Assets | 2,345,862 |  | 2,295,869
Acquisition of Real Estate | 90,500 |  | 86,600
Investment in Redevelopment and Improvements | 37,505 |  | 17,941
Core Portfolio |  |  |
Segment Reporting Information [Line Items] |  |  |
Revenues | 30,149 | 26,478 |
Property operating expenses, other operating and real estate taxes | (7,906) | (6,873) |
General and administrative | (6,413) | (5,481) |
Depreciation and amortization | (8,333) | (6,389) |
Operating income | 7,497 | 7,735 |
Equity in (losses) earnings of unconsolidated affiliates | 95 | (5) |
Loss on debt extinguishment | 0 |  |
Gain on disposition of property | 12,387 |  |
Interest and other finance expense | (7,200) | (6,157) |
Income tax provision | (104) | 92 |
Income from continuing operations | 12,675 | 1,665 |
Income from discontinued operations |  | 101 |
Net income |  | 1,766 |
Continuing operations | (419) | 304 |
Income from discontinued operations attributable to noncontrolling interests |  | (40) |
Net income attributable to noncontrolling interests |  | 264 |
Net income attributable to Common Shareholders | 12,256 | 2,030 |
Real Estate at Cost | 1,128,790 |  | 956,647
Total Assets | 1,101,385 |  | 1,075,253
Acquisition of Real Estate | 90,500 |  | 86,600
Investment in Redevelopment and Improvements | 1,428 |  | 456
Opportunity Funds |  |  |
Segment Reporting Information [Line Items] |  |  |
Revenues | 12,642 | 12,913 |
Property operating expenses, other operating and real estate taxes | (5,575) | (4,110) |
General and administrative | (483) | (145) |
Depreciation and amortization | (3,254) | (2,840) |
Operating income | 3,330 | 5,818 |
Equity in (losses) earnings of unconsolidated affiliates | 2,934 | 2,255 |
Loss on debt extinguishment | (203) |  |
Gain on disposition of property | 0 |  |
Interest and other finance expense | (3,451) | (3,128) |
Income tax provision | (64) | 47 |
Income from continuing operations | 2,546 | 4,992 |
Income from discontinued operations |  | 1,523 |
Net income |  | 6,515 |
Continuing operations | 2,899 | (269) |
Income from discontinued operations attributable to noncontrolling interests |  | (1,551) |
Net income attributable to noncontrolling interests |  | (1,820) |
Net income attributable to Common Shareholders | 5,445 | 4,695 |
Real Estate at Cost | 794,120 |  | 586,643
Total Assets | 1,124,838 |  | 1,115,249
Acquisition of Real Estate | 0 |  | 0
Investment in Redevelopment and Improvements | 36,077 |  | 17,485
Structured Financing |  |  |
Segment Reporting Information [Line Items] |  |  |
Revenues | 3,894 | 2,898 |
Property operating expenses, other operating and real estate taxes | 0 | 0 |
General and administrative | 0 | 0 |
Depreciation and amortization | 0 | 0 |
Operating income | 3,894 | 2,898 |
Equity in (losses) earnings of unconsolidated affiliates | 0 | 0 |
Loss on debt extinguishment | 0 |  |
Gain on disposition of property | 0 |  |
Interest and other finance expense | 0 | 0 |
Income tax provision | 0 | 0 |
Income from continuing operations | 3,894 | 2,898 |
Income from discontinued operations |  | 0 |
Net income |  | 2,898 |
Continuing operations | 0 | 0 |
Income from discontinued operations attributable to noncontrolling interests |  | 0 |
Net income attributable to noncontrolling interests |  | 0 |
Net income attributable to Common Shareholders | 3,894 | 2,898 |
Real Estate at Cost | 0 |  | 0
Total Assets | 119,639 |  | 105,367
Acquisition of Real Estate | 0 |  | 0
Investment in Redevelopment and Improvements | $ 0 |  | $ 0

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