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SEGMENT REPORTING (Tables) | 6 Months Ended
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Jun. 30, 2015
Segment Reporting [Abstract] |
Reconciliation of Certain Segment Information from Segments to Consolidated | The following tables set forth certain segment information for the Company, as of and for the three and six months ended June 30, 2015 and 2014, and does not include unconsolidated affiliates: Three Months Ended June 30, 2015
(dollars in thousands) |  | Core Portfolio |  | Funds |  | Structured Financing |  | Total
Revenues |  | $ | 37,593 |  |  | $ | 11,583 |  |  | $ | 3,985 |  |  | $ | 53,161 |
Property operating expenses, other operating and real estate taxes |  | (8,235 | ) |  | (4,979 | ) |  | — |  |  | (13,214 | )
General and administrative expenses |  | (7,397 | ) |  | (608 | ) |  | — |  |  | (8,005 | )
Depreciation and amortization |  | (10,568 | ) |  | (3,335 | ) |  | — |  |  | (13,903 | )
Impairment of asset |  | (5,000 | ) |  | — |  |  | — |  |  | (5,000 | )
Operating income |  | 6,393 |  |  | 2,661 |  |  | 3,985 |  |  | 13,039 |
Equity in earnings of unconsolidated affiliates |  | 699 |  |  | 2,707 |  |  | — |  |  | 3,406 |
Gain on disposition of property of unconsolidated affiliates |  | — |  |  | 17,105 |  |  | — |  |  | 17,105 |
Loss on debt extinguishment |  | — |  |  | (25 | ) |  | — |  |  | (25 | )
Gain on disposition of properties |  | — |  |  | 61,841 |  |  | — |  |  | 61,841 |
Interest and other finance expense |  | (7,329 | ) |  | (2,635 | ) |  | — |  |  | (9,964 | )
Income tax benefit (provision) |  | 75 |  |  | (19 | ) |  | — |  |  | 56 |
Net (loss) income |  | $ | (162 | ) |  | $ | 81,635 |  |  | $ | 3,985 |  |  | $ | 85,458 |
Noncontrolling interests |  |  |  |  |  |  |  |
Net loss (income) attributable to noncontrolling interests |  | $ | 2,205 |  |  | $ | (61,168 | ) |  | $ | — |  |  | $ | (58,963 | )
Net income attributable to Common Shareholders |  | $ | 2,043 |  |  | $ | 20,467 |  |  | $ | 3,985 |  |  | $ | 26,495 |
Real Estate at Cost |  | $ | 1,553,174 |  |  | $ | 1,025,406 |  |  | $ | — |  |  | $ | 2,578,580 |
Total Assets |  | $ | 1,650,555 |  |  | $ | 1,154,213 |  |  | $ | 168,931 |  |  | $ | 2,973,699 |
Acquisition of Real Estate |  | $ | — |  |  | $ | 52,800 |  |  | $ | — |  |  | $ | 52,800 |
Investment in Redevelopment and Improvements |  | $ | 3,271 |  |  | $ | 61,480 |  |  | $ | — |  |  | $ | 64,751 |
11. SEGMENT REPORTING (continued) Three Months Ended June 30, 2014
(dollars in thousands) |  | Core Portfolio |  | Funds |  | Structured Financing |  | Total
Revenues |  | $ | 30,535 |  |  | $ | 13,934 |  |  | $ | 5,042 |  |  | $ | 49,511 |
Property operating expenses, other operating and real estate taxes |  | (7,587 | ) |  | (4,627 | ) |  | — |  |  | (12,214 | )
General and administrative expenses |  | (6,238 | ) |  | (641 | ) |  | — |  |  | (6,879 | )
Depreciation and amortization |  | (8,300 | ) |  | (3,284 | ) |  | — |  |  | (11,584 | )
Operating income |  | 8,410 |  |  | 5,382 |  |  | 5,042 |  |  | 18,834 |
Equity in earnings of unconsolidated affiliates |  | 227 |  |  | 1,203 |  |  | — |  |  | 1,430 |
Loss on debt extinguishment |  | (3 | ) |  | (63 | ) |  | — |  |  | (66 | )
Gain on disposition of property |  | — |  |  | 561 |  |  | — |  |  | 561 |
Interest and other finance expense |  | (6,627 | ) |  | (2,907 | ) |  | — |  |  | (9,534 | )
Income tax benefit (provision) |  | 91 |  |  | (8 | ) |  | — |  |  | 83 |
Income from continuing operations |  | 2,098 |  |  | 4,168 |  |  | 5,042 |  |  | 11,308 |
Discontinued operations |  |  |  |  |  |  |  |
Gain on disposition of property |  | — |  |  | 560 |  |  | — |  |  | 560 |
Net income |  | $ | 2,098 |  |  | $ | 4,728 |  |  | $ | 5,042 |  |  | $ | 11,868 |
Noncontrolling interests |  |  |  |  |  |  |  |
Continuing operations |  | $ | (1,036 | ) |  | $ | 1,093 |  |  | $ | — |  |  | $ | 57 |
Discontinued operations |  | (4 | ) |  | (457 | ) |  | — |  |  | (461 | )
Net (income) loss attributable to noncontrolling interests |  | $ | (1,040 | ) |  | $ | 636 |  |  | $ | — |  |  | $ | (404 | )
Net income attributable to Common Shareholders |  | $ | 1,058 |  |  | $ | 5,364 |  |  | $ | 5,042 |  |  | $ | 11,464 |
Real Estate at Cost |  | $ | 1,184,956 |  |  | $ | 797,673 |  |  | $ | — |  |  | $ | 1,982,629 |
Total Assets |  | $ | 1,153,586 |  |  | $ | 1,122,303 |  |  | $ | 96,307 |  |  | $ | 2,372,196 |
Acquisition of Real Estate |  | $ | 17,100 |  |  | $ | — |  |  | $ | — |  |  | $ | 17,100 |
Investment in Redevelopment and Improvements |  | $ | 754 |  |  | $ | 30,052 |  |  | $ | — |  |  | $ | 30,806 |
11. SEGMENT REPORTING (continued) Six Months Ended June 30, 2015
(dollars in thousands) |  | Core Portfolio |  | Funds |  | Structured Financing |  | Total
Revenues |  | $ | 73,186 |  |  | $ | 25,063 |  |  | $ | 7,393 |  |  | $ | 105,642 |
Property operating expenses, other operating and real estate taxes |  | (17,926 | ) |  | (11,431 | ) |  | — |  |  | (29,357 | )
General and administrative expenses |  | (14,208 | ) |  | (1,329 | ) |  | — |  |  | (15,537 | )
Depreciation and amortization |  | (20,475 | ) |  | (7,086 | ) |  | — |  |  | (27,561 | )
Impairment of asset |  | (5,000 | ) |  | — |  |  | — |  |  | (5,000 | )
Operating income |  | 15,577 |  |  | 5,217 |  |  | 7,393 |  |  | 28,187 |
Equity in earnings of unconsolidated affiliates |  | 1,133 |  |  | 8,866 |  |  | — |  |  | 9,999 |
Gain on disposition of property of unconsolidated affiliates |  | — |  |  | 17,105 |  |  | — |  |  | 17,105 |
Loss on debt extinguishment |  | — |  |  | (134 | ) |  | — |  |  | (134 | )
Gain on disposition of property |  | — |  |  | 88,984 |  |  | — |  |  | 88,984 |
Interest and other finance expense |  | (13,797 | ) |  | (4,988 | ) |  | — |  |  | (18,785 | )
Income tax provision |  | (405 | ) |  | (956 | ) |  | — |  |  | (1,361 | )
Net income |  | $ | 2,508 |  |  | $ | 114,094 |  |  | $ | 7,393 |  |  | $ | 123,995 |
Noncontrolling interests |  |  |  |  |  |  |  |
Net loss (income) attributable to noncontrolling interests |  | $ | 2,026 |  |  | $ | (82,979 | ) |  | $ | — |  |  | $ | (80,953 | )
Net income attributable to Common Shareholders |  | $ | 4,534 |  |  | $ | 31,115 |  |  | $ | 7,393 |  |  | $ | 43,042 |
Real Estate at Cost |  | $ | 1,553,174 |  |  | $ | 1,025,406 |  |  | $ | — |  |  | $ | 2,578,580 |
Total Assets |  | $ | 1,650,555 |  |  | $ | 1,154,213 |  |  | $ | 168,931 |  |  | $ | 2,973,699 |
Acquisition of Real Estate |  | $ | 169,235 |  |  | $ | 103,836 |  |  | $ | — |  |  | $ | 273,071 |
Investment in Redevelopment and Improvements |  | $ | 9,624 |  |  | $ | 95,621 |  |  | $ | — |  |  | $ | 105,245 |
11. SEGMENT REPORTING (continued) Six Months Ended June 30, 2014
(dollars in thousands) |  | Core Portfolio |  | Funds |  | Structured Financing |  | Total
Revenues |  | $ | 60,684 |  |  | $ | 26,576 |  |  | $ | 8,936 |  |  | $ | 96,196 |
Property operating expenses, other operating and real estate taxes |  | (15,493 | ) |  | (10,202 | ) |  | — |  |  | (25,695 | )
General and administrative expenses |  | (12,651 | ) |  | (1,124 | ) |  | — |  |  | (13,775 | )
Depreciation and amortization |  | (16,633 | ) |  | (6,538 | ) |  | — |  |  | (23,171 | )
Operating income |  | 15,907 |  |  | 8,712 |  |  | 8,936 |  |  | 33,555 |
Equity in earnings of unconsolidated affiliates |  | 323 |  |  | 4,136 |  |  | — |  |  | 4,459 |
Loss on debt extinguishment |  | (3 | ) |  | (266 | ) |  | — |  |  | (269 | )
Gain on disposition of property |  | 12,387 |  |  | 561 |  |  | — |  |  | 12,948 |
Interest and other finance expense |  | (13,510 | ) |  | (6,675 | ) |  | — |  |  | (20,185 | )
Income tax provision |  | (13 | ) |  | (72 | ) |  | — |  |  | (85 | )
Income from continuing operations |  | 15,091 |  |  | 6,396 |  |  | 8,936 |  |  | 30,423 |
Discontinued operations |  |  |  |  |  |  |  |
Gain on disposition of property |  | — |  |  | 560 |  |  | — |  |  | 560 |
Net income |  | 15,091 |  |  | 6,956 |  |  | 8,936 |  |  | 30,983 |
Noncontrolling interests |  |  |  |  |  |  |  |
Continuing operations |  | (1,453 | ) |  | 3,990 |  |  | — |  |  | 2,537 |
Discontinued operations |  | (4 | ) |  | (457 | ) |  | — |  |  | (461 | )
Net (income) loss attributable to noncontrolling interests |  | (1,457 | ) |  | 3,533 |  |  | — |  |  | 2,076 |
Net income attributable to Common Shareholders |  | $ | 13,634 |  |  | $ | 10,489 |  |  | $ | 8,936 |  |  | $ | 33,059 |
Real Estate at Cost |  | $ | 1,184,956 |  |  | $ | 797,673 |  |  | $ | — |  |  | $ | 1,982,629 |
Total Assets |  | $ | 1,153,586 |  |  | $ | 1,122,303 |  |  | $ | 96,307 |  |  | $ | 2,372,196 |
Acquisition of Real Estate |  | $ | 107,600 |  |  | $ | — |  |  | $ | — |  |  | $ | 107,600 |
Investment in Redevelopment and Improvements |  | $ | 2,182 |  |  | $ | 66,129 |  |  | $ | — |  |  | $ | 68,311 |

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