XML 52 R37.htm IDEA: XBRL DOCUMENT
v3.3.1.900

SEGMENT REPORTING (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2015
Segment Reporting [Abstract] |
Reconciliation of Certain Segment Information from Segments to Consolidated | 2014
(dollars in thousands) |  | Core Portfolio |  | Funds |  | Structured Financing |  | Total
Revenues |  | $ | 125,022 |  |  | $ | 54,659 |  |  | $ | 15,331 |  |  | $ | 195,012 |
Property operating expenses, other operating and real estate taxes |  | (33,097 | ) |  | (18,574 | ) |  | — |  |  | (51,671 | )
General and administrative expenses |  | (24,853 | ) |  | (1,665 | ) |  | (915 | ) |  | (27,433 | )
Depreciation and amortization |  | (35,875 | ) |  | (13,770 | ) |  | — |  |  | (49,645 | )
Operating income |  | 31,197 |  |  | 20,650 |  |  | 14,416 |  |  | 66,263 |
Equity in (losses) earnings of unconsolidated affiliates |  | (77 | ) |  | 8,800 |  |  | — |  |  | 8,723 |
Gain on disposition of properties of unconsolidated affiliates |  | — |  |  | 102,855 |  |  | — |  |  | 102,855 |
Loss on debt extinguishment |  | (3 | ) |  | (332 | ) |  | — |  |  | (335 | )
Interest and other finance expense |  | (27,021 | ) |  | (12,070 | ) |  | — |  |  | (39,091 | )
Gain on disposition of property |  | 12,577 |  |  | 561 |  |  | — |  |  | 13,138 |
Income tax provision |  | (176 | ) |  | (453 | ) |  | — |  |  | (629 | )
Income from continuing operations |  | 16,497 |  |  | 120,011 |  |  | 14,416 |  |  | 150,924 |
Discontinued operations |  |  |  |  |  |  |  |  |
Gain on disposition of properties |  | — |  |  | 1,222 |  |  | — |  |  | 1,222 |
Income from discontinued operations |  | — |  |  | 1,222 |  |  | — |  |  | 1,222 |
Net income |  | 16,497 |  |  | 121,233 |  |  | 14,416 |  |  | 152,146 |
Noncontrolling interests |  |  |  |  |  |  |  |  |
Income from continuing operations |  | (3,213 | ) |  | (76,846 | ) |  | — |  |  | (80,059 | )
Income from discontinued operations |  | (9 | ) |  | (1,014 | ) |  | — |  |  | (1,023 | )
Net income attributable to noncontrolling interests |  | (3,222 | ) |  | (77,860 | ) |  | — |  |  | (81,082 | )
Net income attributable to Common Shareholders |  | $ | 13,275 |  |  | $ | 43,373 |  |  | $ | 14,416 |  |  | $ | 71,064 |
Real estate at cost |  | $ | 1,366,017 |  |  | $ | 842,578 |  |  | $ | — |  |  | $ | 2,208,595 |
Total assets |  | $ | 1,613,290 |  |  | $ | 1,005,145 |  |  | $ | 102,286 |  |  | $ | 2,720,721 |
Acquisition of real estate |  | $ | 203,103 |  |  | $ | 47,250 |  |  | $ | — |  |  | $ | 250,353 |
Redevelopment and property improvement costs |  | $ | 5,432 |  |  | $ | 134,686 |  |  | $ | — |  |  | $ | 140,118 |
2013
(dollars in thousands) |  | Core Portfolio |  | Funds |  | Structured Financing |  | Total
Revenues |  | $ | 110,355 |  |  | $ | 46,131 |  |  | $ | 11,800 |  |  | $ | 168,286 |
Property operating expenses, other operating and real estate taxes |  | (29,040 | ) |  | (17,513 | ) |  | — |  |  | (46,553 | )
General and administrative expenses |  | (24,387 | ) |  | (1,168 | ) |  | — |  |  | (25,555 | )
Depreciation and amortization |  | (28,989 | ) |  | (11,310 | ) |  | — |  |  | (40,299 | )
Impairment of asset |  | (1,500 | ) |  | — |  |  | — |  |  | (1,500 | )
Operating income |  | 26,439 |  |  | 16,140 |  |  | 11,800 |  |  | 54,379 |
Equity in (losses) earnings of unconsolidated affiliates |  | (99 | ) |  | 12,481 |  |  | — |  |  | 12,382 |
Loss on debt extinguishment |  | (309 | ) |  | (456 | ) |  | — |  |  | (765 | )
Interest and other finance expense |  | (26,158 | ) |  | (13,316 | ) |  | — |  |  | (39,474 | )
Income tax benefit (provision) |  | 131 |  |  | (150 | ) |  | — |  |  | (19 | )
Income from continuing operations |  | 4 |  |  | 14,699 |  |  | 11,800 |  |  | 26,503 |
Discontinued operations |  |  |  |  |  |  |  |
Operating income from discontinued operations |  | 535 |  |  | 6,283 |  |  | — |  |  | 6,818 |
Impairment of asset |  | — |  |  | (6,683 | ) |  | — |  |  | (6,683 | )
Loss on debt extinguishment |  | (145 | ) |  | (655 | ) |  | — |  |  | (800 | )
Gain on disposition of properties |  | 6,488 |  |  | 12,314 |  |  | — |  |  | 18,802 |
Income from discontinued operations |  | 6,878 |  |  | 11,259 |  |  | — |  |  | 18,137 |
Net income |  | 6,882 |  |  | 25,958 |  |  | 11,800 |  |  | 44,640 |
Noncontrolling interests |  |  |  |  |  |  |  |
(Income) loss from continuing operations |  | (1,002 | ) |  | 8,525 |  |  | — |  |  | 7,523 |
Income from discontinued operations |  | (2,406 | ) |  | (9,642 | ) |  | — |  |  | (12,048 | )
Net income attributable to noncontrolling interests |  | (3,408 | ) |  | (1,117 | ) |  | — |  |  | (4,525 | )
Net income attributable to Common Shareholders |  | $ | 3,474 |  |  | $ | 24,841 |  |  | $ | 11,800 |  |  | $ | 40,115 |
Real estate at cost |  | $ | 1,059,257 |  |  | $ | 759,796 |  |  | $ | — |  |  | $ | 1,819,053 |
Total assets |  | $ | 1,012,553 |  |  | $ | 1,105,264 |  |  | $ | 126,706 |  |  | $ | 2,244,523 |
Acquisition of real estate |  | $ | 143,616 |  |  | $ | 76,425 |  |  | $ | — |  |  | $ | 220,041 |
Redevelopment and property improvement costs |  | $ | 10,611 |  |  | $ | 96,272 |  |  | $ | — |  |  | $ | 106,883 |
The following table sets forth certain segment information for the Company, reclassified for discontinued operations, as of and for the years ended December 31, 2015, 2014 and 2013: 2015
(dollars in thousands) |  | Core Portfolio |  | Funds |  | Structured Financing |  | Total
Revenues |  | $ | 150,015 |  |  | $ | 49,048 |  |  | $ | 18,199 |  |  | $ | 217,262 |
Property operating expenses, other operating and real estate taxes |  | (37,259 | ) |  | (21,223 | ) |  | — |  |  | (58,482 | )
General and administrative expenses |  | (28,600 | ) |  | (1,768 | ) |  | — |  |  | (30,368 | )
Depreciation and amortization |  | (46,223 | ) |  | (14,528 | ) |  | — |  |  | (60,751 | )
Impairment of asset |  | (5,000 | ) |  | — |  |  | — |  |  | (5,000 | )
Operating income |  | 32,933 |  |  | 11,529 |  |  | 18,199 |  |  | 62,661 |
Equity in earnings of unconsolidated affiliates |  | 1,169 |  |  | 12,118 |  |  | — |  |  | 13,287 |
Gain on disposition of properties of unconsolidated affiliates |  | — |  |  | 24,043 |  |  | — |  |  | 24,043 |
Loss on debt extinguishment |  | — |  |  | (135 | ) |  | — |  |  | (135 | )
Interest and other finance expense |  | (27,945 | ) |  | (9,217 | ) |  | — |  |  | (37,162 | )
Gain on disposition of property |  | — |  |  | 89,063 |  |  | — |  |  | 89,063 |
Income tax provision |  | (604 | ) |  | (1,183 | ) |  | — |  |  | (1,787 | )
Net income |  | 5,553 |  |  | 126,218 |  |  | 18,199 |  |  | 149,970 |
Noncontrolling interests |  |  |  |  |  |  |  |
Income from continuing operations |  | (140 | ) |  | (84,122 | ) |  | — |  |  | (84,262 | )
Net income attributable to noncontrolling interests |  | (140 | ) |  | (84,122 | ) |  | — |  |  | (84,262 | )
Net income attributable to Common Shareholders |  | $ | 5,413 |  |  | $ | 42,096 |  |  | $ | 18,199 |  |  | $ | 65,708 |
Real estate at cost |  | $ | 1,572,681 |  |  | $ | 1,163,602 |  |  | $ | — |  |  | $ | 2,736,283 |
Total assets |  | $ | 1,662,092 |  |  | $ | 1,223,039 |  |  | $ | 147,188 |  |  | $ | 3,032,319 |
Acquisition of real estate |  | $ | 188,835 |  |  | $ | 155,641 |  |  | $ | — |  |  | $ | 344,476 |
Redevelopment and property improvement costs |  | $ | 16,505 |  |  | $ | 147,810 |  |  | $ | — |  |  | $ | 164,315 |

X
- Definition Reconciliation of Certain Segment Information from Segments to Consolidated [Table Text Block] + References No definition available. + Details
Name: | akr_ReconciliationOfCertainSegmentInformationFromSegmentsToConsolidatedTableTextBlock
Namespace Prefix: | akr_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration