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SEGMENT REPORTING (Tables) | 3 Months Ended
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Mar. 31, 2016
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 months ended March 31, 2016 and 2015, and does not include unconsolidated affiliates: Three Months Ended March 31, 2016
(dollars in thousands) |  | Core Portfolio |  | Funds |  | Structured Financing Portfolio |  | Total
Revenues |  | $ | 38,107 |  |  | $ | 9,938 |  |  | $ | 4,638 |  |  | $ | 52,683 |
Property operating expenses, other operating and real estate taxes |  | (8,562 | ) |  | (3,431 | ) |  | — |  |  | (11,993 | )
General and administrative expenses |  | (9,073 | ) |  | (279 | ) |  | — |  |  | (9,352 | )
Depreciation and amortization |  | (13,495 | ) |  | (3,354 | ) |  | — |  |  | (16,849 | )
Operating income |  | 6,977 |  |  | 2,874 |  |  | 4,638 |  |  | 14,489 |
Equity in earnings of unconsolidated affiliates |  | 592 |  |  | 1,362 |  |  | — |  |  | 1,954 |
Gain on disposition of properties |  | — |  |  | 65,393 |  |  | — |  |  | 65,393 |
Interest and other finance expense |  | (6,764 | ) |  | (1,274 | ) |  | — |  |  | (8,038 | )
Income tax benefit |  | 77 |  |  | — |  |  | — |  |  | 77 |
Net income |  | $ | 882 |  |  | $ | 68,355 |  |  | $ | 4,638 |  |  | $ | 73,875 |
Noncontrolling interests |  |  |  |  |  |  |  |
Net income attributable to noncontrolling interests |  | $ | (2,822 | ) |  | $ | (42,128 | ) |  | $ | — |  |  | $ | (44,950 | )
Net income attributable to Common Shareholders |  | $ | (1,940 | ) |  | $ | 26,227 |  |  | $ | 4,638 |  |  | $ | 28,925 |
Real Estate at Cost |  | $ | 1,641,312 |  |  | $ | 1,104,902 |  |  | $ | — |  |  | $ | 2,746,214 |
Total Assets |  | $ | 1,827,059 |  |  | $ | 1,166,589 |  |  | $ | 154,679 |  |  | $ | 3,148,327 |
Acquisition of Real Estate |  | $ | — |  |  | $ | 12,287 |  |  | $ | — |  |  | $ | 12,287 |
Investment in Redevelopment and Improvements |  | $ | 3,248 |  |  | $ | 34,215 |  |  | $ | — |  |  | $ | 37,463 |
12. SEGMENT REPORTING (continued) Three Months Ended March 31, 2015
(dollars in thousands) |  | Core Portfolio |  | Funds |  | Structured Financing Portfolio |  | Total
Revenues |  | $ | 35,593 |  |  | $ | 13,480 |  |  | $ | 3,408 |  |  | $ | 52,481 |
Property operating expenses, other operating and real estate taxes |  | (9,691 | ) |  | (6,452 | ) |  | — |  |  | (16,143 | )
General and administrative expenses |  | (6,811 | ) |  | (721 | ) |  | — |  |  | (7,532 | )
Depreciation and amortization |  | (9,907 | ) |  | (3,751 | ) |  | — |  |  | (13,658 | )
Operating income |  | 9,184 |  |  | 2,556 |  |  | 3,408 |  |  | 15,148 |
Equity in earnings of unconsolidated affiliates |  | 434 |  |  | 6,159 |  |  | — |  |  | 6,593 |
Loss on debt extinguishment |  | — |  |  | (109 | ) |  | — |  |  | (109 | )
Gain on disposition of property |  | — |  |  | 27,143 |  |  | — |  |  | 27,143 |
Interest and other finance expense |  | (6,468 | ) |  | (2,353 | ) |  | — |  |  | (8,821 | )
Income tax provision |  | (480 | ) |  | (937 | ) |  | — |  |  | (1,417 | )
Net income |  | $ | 2,670 |  |  | $ | 32,459 |  |  | $ | 3,408 |  |  | $ | 38,537 |
Noncontrolling interests |  |  |  |  |  |  |  |
Net income attributable to noncontrolling interests |  | $ | (179 | ) |  | $ | (21,811 | ) |  | $ | — |  |  | $ | (21,990 | )
Net income attributable to Common Shareholders |  | $ | 2,491 |  |  | $ | 10,648 |  |  | $ | 3,408 |  |  | $ | 16,547 |
Real Estate at Cost |  | $ | 1,550,695 |  |  | $ | 953,607 |  |  | $ | — |  |  | $ | 2,504,302 |
Total Assets |  | $ | 1,666,987 |  |  | $ | 1,105,319 |  |  | $ | 98,560 |  |  | $ | 2,870,866 |
Acquisition of Real Estate |  | $ | 169,235 |  |  | $ | 51,036 |  |  | $ | — |  |  | $ | 220,271 |
Investment in Redevelopment and Improvements |  | $ | 6,353 |  |  | $ | 34,141 |  |  | $ | — |  |  | $ | 40,494 |

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