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SEGMENT REPORTING (Tables) | 9 Months Ended
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Sep. 30, 2014
Segment Reporting [Abstract] |
Reconciliation of Certain Segment Information from Segments to Consolidated [Table Text Block] | The following tables set forth certain segment information for the Company, reclassified for discontinued operations, as of and for the three months and nine months ended September 30, 2014 and 2013, and does not include unconsolidated affiliates: Three Months Ended September 30, 2014
(dollars in thousands) |  | Core Portfolio |  | Funds |  | Structured Financing |  | Total
Revenues |  | $ | 31,291 |  |  | $ | 13,363 |  |  | $ | 3,006 |  |  | $ | 47,660 |
Property operating expenses, other operating and real estate taxes |  | (8,198 | ) |  | (4,226 | ) |  | — |  |  | (12,424 | )
General and administrative expenses |  | (5,828 | ) |  | (1,054 | ) |  | (241 | ) |  | (7,123 | )
Depreciation and amortization |  | (9,330 | ) |  | (3,554 | ) |  | — |  |  | (12,884 | )
Operating income |  | 7,935 |  |  | 4,529 |  |  | 2,765 |  |  | 15,229 |
Equity in earnings of unconsolidated affiliates |  | 118 |  |  | 2,805 |  |  | — |  |  | 2,923 |
Gain on disposition of properties of unconsolidated affiliates |  | — |  |  | 102,855 |  |  | — |  |  | 102,855 |
Gain on disposition of property |  | 190 |  |  | — |  |  | — |  |  | 190 |
Interest and other finance expense |  | (7,274 | ) |  | (2,868 | ) |  | — |  |  | (10,142 | )
Income tax (provision) benefit |  | (71 | ) |  | 88 |  |  | — |  |  | 17 |
Net income |  | 898 |  |  | 107,409 |  |  | 2,765 |  |  | 111,072 |
Noncontrolling interests |  |  |  |  |  |  |  |
Net income attributable to noncontrolling interests |  | (1,465 | ) |  | (81,043 | ) |  | — |  |  | (82,508 | )
Net (loss) income attributable to Common Shareholders |  | $ | (567 | ) |  | $ | 26,366 |  |  | $ | 2,765 |  |  | $ | 28,564 |
Real Estate at Cost |  | $ | 1,280,087 |  |  | $ | 835,637 |  |  | $ | — |  |  | $ | 2,115,724 |
Total Assets |  | $ | 1,289,107 |  |  | $ | 1,071,135 |  |  | $ | 94,409 |  |  | $ | 2,454,651 |
Acquisition of Real Estate |  | $ | 29,378 |  |  | $ | — |  |  | $ | — |  |  | $ | 29,378 |
Investment in Redevelopment and Improvements |  | $ | 650 |  |  | $ | 36,086 |  |  | $ | — |  |  | $ | 36,736 |
11. SEGMENT REPORTING (continued) Three Months Ended September 30, 2013
(dollars in thousands) |  | Core Portfolio |  | Funds |  | Structured Financing |  | Total
Revenues |  | $ | 28,115 |  |  | $ | 10,002 |  |  | $ | 2,969 |  |  | $ | 41,086 |
Property operating expenses, other operating and real estate taxes |  | (7,723 | ) |  | (4,453 | ) |  | — |  |  | (12,176 | )
General and administrative expenses |  | (4,954 | ) |  | (381 | ) |  | — |  |  | (5,335 | )
Depreciation and amortization |  | (7,890 | ) |  | (2,560 | ) |  | — |  |  | (10,450 | )
Operating income |  | 7,548 |  |  | 2,608 |  |  | 2,969 |  |  | 13,125 |
Equity in (losses) earnings of unconsolidated affiliates |  | (49 | ) |  | 4,258 |  |  | — |  |  | 4,209 |
Interest and other finance expense |  | (6,683 | ) |  | (3,912 | ) |  | — |  |  | (10,595 | )
Income tax provision |  | (81 | ) |  | (105 | ) |  | — |  |  | (186 | )
Income from continuing operations |  | 735 |  |  | 2,849 |  |  | 2,969 |  |  | 6,553 |
Discontinued operations |  |  |  |  |  |  |  |
Operating income from discontinued operations |  | 171 |  |  | 2,418 |  |  | — |  |  | 2,589 |
Net income |  | 906 |  |  | 5,267 |  |  | 2,969 |  |  | 9,142 |
Noncontrolling interests |  |  |  |  |  |  |  |
Loss from continuing operations |  | — |  |  | 2,342 |  |  | — |  |  | 2,342 |
Income from discontinued operations |  | (68 | ) |  | (1,931 | ) |  | — |  |  | (1,999 | )
Net (income) loss attributable to noncontrolling interests |  | (68 | ) |  | 411 |  |  | — |  |  | 343 |
Net income attributable to Common Shareholders |  | $ | 838 |  |  | $ | 5,678 |  |  | $ | 2,969 |  |  | $ | 9,485 |
Real Estate at Cost |  | $ | 998,711 |  |  | $ | 676,406 |  |  | $ | — |  |  | $ | 1,675,117 |
Total Assets |  | $ | 993,472 |  |  | $ | 1,260,544 |  |  | $ | 95,352 |  |  | $ | 2,349,368 |
Acquisition of Real Estate |  | $ | 11,800 |  |  | $ | 19,175 |  |  | $ | — |  |  | $ | 30,975 |
Investment in Redevelopment and Improvements |  | $ | 5,246 |  |  | $ | 30,736 |  |  | $ | — |  |  | $ | 35,982 |
11. SEGMENT REPORTING (continued) Nine Months Ended September 30, 2014
(dollars in thousands) |  | Core Portfolio |  | Funds |  | Structured Financing |  | Total
Revenues |  | $ | 91,974 |  |  | $ | 39,938 |  |  | $ | 11,944 |  |  | $ | 143,856 |
Property operating expenses, other operating and real estate taxes |  | (23,693 | ) |  | (14,426 | ) |  | — |  |  | (38,119 | )
General and administrative expenses |  | (18,191 | ) |  | (2,179 | ) |  | (528 | ) |  | (20,898 | )
Depreciation and amortization |  | (25,963 | ) |  | (10,092 | ) |  | — |  |  | (36,055 | )
Operating income |  | 24,127 |  |  | 13,241 |  |  | 11,416 |  |  | 48,784 |
Equity in earnings of unconsolidated affiliates |  | 441 |  |  | 6,941 |  |  | — |  |  | 7,382 |
Gain on disposition of properties of unconsolidated affiliates |  | — |  |  | 102,855 |  |  | — |  |  | 102,855 |
Loss on debt extinguishment |  | — |  |  | (269 | ) |  | — |  |  | (269 | )
Interest and other finance expense |  | (21,436 | ) |  | (8,891 | ) |  | — |  |  | (30,327 | )
Income tax (provision) benefit |  | (84 | ) |  | 16 |  |  | — |  |  | (68 | )
Gain on disposition of property |  | 12,577 |  |  | 561 |  |  | — |  |  | 13,138 |
Income from continuing operations |  | 15,625 |  |  | 114,454 |  |  | 11,416 |  |  | 141,495 |
Discontinued operations |  |  |  |  |  |  |  |
Gain on disposition of property |  | — |  |  | 560 |  |  | — |  |  | 560 |
Net income |  | 15,625 |  |  | 115,014 |  |  | 11,416 |  |  | 142,055 |
Noncontrolling interests |  |  |  |  |  |  |  |
Income from continuing operations |  | (2,834 | ) |  | (77,137 | ) |  | — |  |  | (79,971 | )
Income from discontinued operations |  | — |  |  | (461 | ) |  | — |  |  | (461 | )
Net income attributable to noncontrolling interests |  | (2,834 | ) |  | (77,598 | ) |  | — |  |  | (80,432 | )
Net income attributable to Common Shareholders |  | $ | 12,791 |  |  | $ | 37,416 |  |  | $ | 11,416 |  |  | $ | 61,623 |
Real Estate at Cost |  | $ | 1,280,087 |  |  | $ | 835,637 |  |  | $ | — |  |  | $ | 2,115,724 |
Total Assets |  | $ | 1,289,107 |  |  | $ | 1,071,135 |  |  | $ | 94,409 |  |  | $ | 2,454,651 |
Acquisition of Real Estate |  | $ | 136,978 |  |  | $ | — |  |  | $ | — |  |  | $ | 136,978 |
Investment in Redevelopment and Improvements |  | $ | 3,711 |  |  | $ | 101,338 |  |  | $ | — |  |  | $ | 105,049 |
11. SEGMENT REPORTING (continued) Nine Months Ended September 30, 2013
(dollars in thousands) |  | Core Portfolio |  | Funds |  | Structured Financing |  | Total
Revenues |  | $ | 82,252 |  |  | $ | 32,666 |  |  | $ | 9,265 |  |  | $ | 124,183 |
Property operating expenses, other operating and real estate taxes |  | (21,098 | ) |  | (12,107 | ) |  | — |  |  | (33,205 | )
General and administrative expenses |  | (16,042 | ) |  | (1,221 | ) |  | — |  |  | (17,263 | )
Depreciation and amortization |  | (21,187 | ) |  | (8,091 | ) |  | — |  |  | (29,278 | )
Operating income |  | 23,925 |  |  | 11,247 |  |  | 9,265 |  |  | 44,437 |
Equity in (losses) earnings of unconsolidated affiliates |  | (96 | ) |  | 7,370 |  |  | — |  |  | 7,274 |
Impairment of asset |  | (1,500 | ) |  | — |  |  | — |  |  | (1,500 | )
Interest and other finance expense |  | (19,169 | ) |  | (10,637 | ) |  | — |  |  | (29,806 | )
Income tax benefit (provision) |  | 159 |  |  | (216 | ) |  | — |  |  | (57 | )
Income from continuing operations |  | 3,319 |  |  | 7,764 |  |  | 9,265 |  |  | 20,348 |
Discontinued operations |  |  |  |  |  |  |  |
Operating income from discontinued operations |  | 384 |  |  | 5,010 |  |  | — |  |  | 5,394 |
Gain on disposition of property |  | — |  |  | 4,191 |  |  | — |  |  | 4,191 |
Net income |  | 3,703 |  |  | 16,965 |  |  | 9,265 |  |  | 29,933 |
Noncontrolling interests |  |  |  |  |  |  |  |
Loss from continuing operations |  | — |  |  | 6,103 |  |  | — |  |  | 6,103 |
Income from discontinued operations |  | (154 | ) |  | (8,017 | ) |  | — |  |  | (8,171 | )
Net income attributable to noncontrolling interests |  | (154 | ) |  | (1,914 | ) |  | — |  |  | (2,068 | )
Net income attributable to Common Shareholders |  | $ | 3,549 |  |  | $ | 15,051 |  |  | $ | 9,265 |  |  | $ | 27,865 |
Real Estate at Cost |  | $ | 998,711 |  |  | $ | 676,406 |  |  | $ | — |  |  | $ | 1,675,117 |
Total Assets |  | $ | 993,472 |  |  | $ | 1,260,544 |  |  | $ | 95,352 |  |  | $ | 2,349,368 |
Acquisition of Real Estate |  | $ | 120,900 |  |  | $ | 19,175 |  |  | $ | — |  |  | $ | 140,075 |
Investment in Redevelopment and Improvements |  | $ | 8,957 |  |  | $ | 70,592 |  |  | $ | — |  |  | $ | 79,549 |

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