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SEGMENT REPORTING (Details) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2016 USD ($) | Jun. 30, 2015 USD ($) | Jun. 30, 2016 USD ($) segment | Jun. 30, 2015 USD ($)
Segment Reporting Information [Line Items] |  |  |  |
Number of reportable segments | segment |  |  | 3 |
Revenues | $ 51,333 | $ 53,161 | $ 104,016 | $ 105,642
Property operating expenses, other operating and real estate taxes | (11,283) | (13,214) | (23,276) | (29,357)
General and administrative expenses | (8,521) | (8,005) | (17,873) | (15,537)
Depreciation and amortization | (14,678) | (13,903) | (31,527) | (27,561)
Impairment of asset | 0 | (5,000) | 0 | (5,000)
Operating income | 16,851 | 13,039 | 31,340 | 28,187
Equity in earnings of unconsolidated affiliates | 1,740 | 3,406 | 3,694 | 9,999
Gain on disposition of property of unconsolidated affiliates | 0 | 17,105 | 0 | 17,105
Loss on debt extinguishment | (15) | (25) | (15) | (134)
Gain on disposition of properties | 16,572 | 61,841 | 81,965 | 88,984
Interest and other finance expense | (8,882) | (9,964) | (16,920) | (18,785)
Income tax (provision) benefit | (111) | 56 | (34) | (1,361)
Net income | 26,155 | 85,458 | 100,030 | 123,995
Net income attributable to noncontrolling interests | (8,237) | (58,963) | (53,187) | (80,953)
Net income attributable to Common Shareholders | 17,918 | 26,495 | 46,843 | 43,042
Real Estate at Cost | 2,647,745 | 2,578,580 | 2,647,745 | 2,578,580
Total Assets | 3,235,040 | 2,973,699 | 3,235,040 | 2,973,699
Acquisition of Real Estate | 6,250 | 52,800 | 18,537 | 273,071
Investment in Redevelopment and Improvements | 18,427 | 64,751 | 55,890 | 105,245
Core Portfolio |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenues | 34,693 | 37,593 | 72,800 | 73,186
Property operating expenses, other operating and real estate taxes | (8,286) | (8,235) | (16,848) | (17,926)
General and administrative expenses | (7,967) | (7,397) | (17,040) | (14,208)
Depreciation and amortization | (11,706) | (10,568) | (25,201) | (20,475)
Impairment of asset |  | (5,000) |  | (5,000)
Operating income | 6,734 | 6,393 | 13,711 | 15,577
Equity in earnings of unconsolidated affiliates | 581 | 699 | 1,173 | 1,133
Gain on disposition of property of unconsolidated affiliates |  | 0 |  | 0
Loss on debt extinguishment | 0 | 0 | 0 | 0
Gain on disposition of properties | 0 | 0 | 0 | 0
Interest and other finance expense | (7,113) | (7,329) | (13,877) | (13,797)
Income tax (provision) benefit | (87) | 75 | (10) | (405)
Net income | 115 | (162) | 997 | 2,508
Net income attributable to noncontrolling interests | (9) | 2,205 | (2,831) | 2,026
Net income attributable to Common Shareholders | 106 | 2,043 | (1,834) | 4,534
Real Estate at Cost | 1,528,848 | 1,553,174 | 1,528,848 | 1,553,174
Total Assets | 1,809,395 | 1,650,555 | 1,809,395 | 1,650,555
Acquisition of Real Estate | 6,250 | 0 | 6,250 | 169,235
Investment in Redevelopment and Improvements | 6,975 | 3,271 | 10,222 | 9,624
Funds |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenues | 9,225 | 11,583 | 19,163 | 25,063
Property operating expenses, other operating and real estate taxes | (2,997) | (4,979) | (6,428) | (11,431)
General and administrative expenses | (554) | (608) | (833) | (1,329)
Depreciation and amortization | (2,972) | (3,335) | (6,326) | (7,086)
Impairment of asset |  | 0 |  | 0
Operating income | 2,702 | 2,661 | 5,576 | 5,217
Equity in earnings of unconsolidated affiliates | 1,159 | 2,707 | 2,521 | 8,866
Gain on disposition of property of unconsolidated affiliates |  | 17,105 |  | 17,105
Loss on debt extinguishment | (15) | (25) | (15) | (134)
Gain on disposition of properties | 16,572 | 61,841 | 81,965 | 88,984
Interest and other finance expense | (1,769) | (2,635) | (3,043) | (4,988)
Income tax (provision) benefit | (24) | (19) | (24) | (956)
Net income | 18,625 | 81,635 | 86,980 | 114,094
Net income attributable to noncontrolling interests | (8,228) | (61,168) | (50,356) | (82,979)
Net income attributable to Common Shareholders | 10,397 | 20,467 | 36,624 | 31,115
Real Estate at Cost | 1,118,897 | 1,025,406 | 1,118,897 | 1,025,406
Total Assets | 1,152,103 | 1,154,213 | 1,152,103 | 1,154,213
Acquisition of Real Estate | 0 | 52,800 | 12,287 | 103,836
Investment in Redevelopment and Improvements | 11,452 | 61,480 | 45,668 | 95,621
Structured Financing Portfolio |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenues | 7,415 | 3,985 | 12,053 | 7,393
Property operating expenses, other operating and real estate taxes | 0 | 0 | 0 | 0
General and administrative expenses | 0 | 0 | 0 | 0
Depreciation and amortization | 0 | 0 | 0 | 0
Impairment of asset |  | 0 |  | 0
Operating income | 7,415 | 3,985 | 12,053 | 7,393
Equity in earnings of unconsolidated affiliates | 0 | 0 | 0 | 0
Gain on disposition of property of unconsolidated affiliates |  | 0 |  | 0
Loss on debt extinguishment | 0 | 0 | 0 | 0
Gain on disposition of properties | 0 | 0 | 0 | 0
Interest and other finance expense | 0 | 0 | 0 | 0
Income tax (provision) benefit | 0 | 0 | 0 | 0
Net income | 7,415 | 3,985 | 12,053 | 7,393
Net income attributable to noncontrolling interests | 0 | 0 | 0 | 0
Net income attributable to Common Shareholders | 7,415 | 3,985 | 12,053 | 7,393
Real Estate at Cost | 0 | 0 | 0 | 0
Total Assets | 273,542 | 168,931 | 273,542 | 168,931
Acquisition of Real Estate | 0 | 0 | 0 | 0
Investment in Redevelopment and Improvements | $ 0 | $ 0 | $ 0 | $ 0

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