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SEGMENT REPORTING (Tables) | 9 Months Ended
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Sep. 30, 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 and nine months ended September 30, 2016 and 2015, and does not include unconsolidated affiliates: Three Months Ended September 30, 2016
(dollars in thousands) |  | Core Portfolio |  | Funds |  | Structured Financing Portfolio |  | Total
Revenues |  | $ | 36,376 |  |  | $ | 7,479 |  |  | $ | 7,245 |  |  | $ | 51,100 |
Property operating expenses, other operating and real estate taxes |  | (11,612 | ) |  | (2,903 | ) |  | — |  |  | (14,515 | )
General and administrative expenses |  | (11,915 | ) |  | (954 | ) |  | — |  |  | (12,869 | )
Depreciation and amortization |  | (12,428 | ) |  | (2,789 | ) |  | — |  |  | (15,217 | )
Operating income |  | 421 |  |  | 833 |  |  | 7,245 |  |  | 8,499 |
Equity in earnings (losses) of unconsolidated affiliates |  | 1,495 |  |  | (1,597 | ) |  | — |  |  | (102 | )
Interest and other finance expense |  | (6,431 | ) |  | (1,551 | ) |  | — |  |  | (7,982 | )
Income tax provision |  | (70 | ) |  | (19 | ) |  | — |  |  | (89 | )
Net (loss) income |  | $ | (4,585 | ) |  | $ | (2,334 | ) |  | $ | 7,245 |  |  | $ | 326 |
Net loss attributable to noncontrolling interests |  | $ | 60 |  |  | $ | 5,726 |  |  | $ | — |  |  | $ | 5,786 |
Net (loss) income attributable to Common Shareholders |  | $ | (4,525 | ) |  | $ | 3,392 |  |  | $ | 7,245 |  |  | $ | 6,112 |
Real Estate at Cost |  | $ | 1,832,863 |  |  | $ | 1,186,926 |  |  | $ | — |  |  | $ | 3,019,789 |
Total Assets |  | $ | 2,097,386 |  |  | $ | 1,214,317 |  |  | $ | 266,816 |  |  | $ | 3,578,519 |
Acquisition of Real Estate |  | $ | 237,729 |  |  | $ | 36,600 |  |  | $ | — |  |  | $ | 274,329 |
Investment in Redevelopment and Improvements |  | $ | 7,296 |  |  | $ | 31,235 |  |  | $ | — |  |  | $ | 38,531 |
12. SEGMENT REPORTING (continued) Three Months Ended September 30, 2015
(dollars in thousands) |  | Core Portfolio |  | Funds |  | Structured Financing Portfolio |  | Total
Revenues |  | $ | 37,744 |  |  | $ | 11,783 |  |  | $ | 7,325 |  |  | $ | 56,852 |
Property operating expenses, other operating and real estate taxes |  | (8,885 | ) |  | (3,968 | ) |  | — |  |  | (12,853 | )
General and administrative expenses |  | (6,963 | ) |  | (640 | ) |  | — |  |  | (7,603 | )
Depreciation and amortization |  | (13,979 | ) |  | (3,482 | ) |  | — |  |  | (17,461 | )
Operating income |  | 7,917 |  |  | 3,693 |  |  | 7,325 |  |  | 18,935 |
Equity in earnings of unconsolidated affiliates |  | 434 |  |  | 1,761 |  |  | — |  |  | 2,195 |
Gain on disposition of property of unconsolidated affiliates |  | — |  |  | 6,938 |  |  | — |  |  | 6,938 |
Gain on disposition of properties |  | — |  |  | 79 |  |  | — |  |  | 79 |
Interest and other finance expense |  | (7,203 | ) |  | (2,142 | ) |  | — |  |  | (9,345 | )
Income tax provision |  | (461 | ) |  | (237 | ) |  | — |  |  | (698 | )
Net income |  | $ | 687 |  |  | $ | 10,092 |  |  | $ | 7,325 |  |  | $ | 18,104 |
Net income attributable to noncontrolling interests |  | $ | (686 | ) |  | $ | (3,642 | ) |  | $ | — |  |  | $ | (4,328 | )
Net income attributable to Common Shareholders |  | $ | 1 |  |  | $ | 6,450 |  |  | $ | 7,325 |  |  | $ | 13,776 |
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 |
12. SEGMENT REPORTING (continued) Nine Months Ended September 30, 2016
(dollars in thousands) |  | Core Portfolio |  | Funds |  | Structured Financing Portfolio |  | Total
Revenues |  | $ | 109,176 |  |  | $ | 26,642 |  |  | $ | 19,298 |  |  | $ | 155,116 |
Property operating expenses, other operating and real estate taxes |  | (28,460 | ) |  | (9,331 | ) |  | — |  |  | (37,791 | )
General and administrative expenses |  | (28,955 | ) |  | (1,787 | ) |  | — |  |  | (30,742 | )
Depreciation and amortization |  | (37,629 | ) |  | (9,115 | ) |  | — |  |  | (46,744 | )
Operating income |  | 14,132 |  |  | 6,409 |  |  | 19,298 |  |  | 39,839 |
Equity in earnings of unconsolidated affiliates |  | 2,668 |  |  | 924 |  |  | — |  |  | 3,592 |
Loss on debt extinguishment |  | — |  |  | (15 | ) |  | — |  |  | (15 | )
Gain on disposition of properties |  | — |  |  | 81,965 |  |  | — |  |  | 81,965 |
Interest and other finance expense |  | (20,308 | ) |  | (4,594 | ) |  | — |  |  | (24,902 | )
Income tax provision |  | (80 | ) |  | (43 | ) |  | — |  |  | (123 | )
Net (loss) income |  | $ | (3,588 | ) |  | $ | 84,646 |  |  | $ | 19,298 |  |  | $ | 100,356 |
Net income attributable to noncontrolling interests |  | $ | (2,771 | ) |  | $ | (44,630 | ) |  | $ | — |  |  | $ | (47,401 | )
Net (loss) income attributable to Common Shareholders |  | $ | (6,359 | ) |  | $ | 40,016 |  |  | $ | 19,298 |  |  | $ | 52,955 |
Real Estate at Cost |  | $ | 1,832,863 |  |  | $ | 1,186,926 |  |  | $ | — |  |  | $ | 3,019,789 |
Total Assets |  | $ | 2,097,386 |  |  | $ | 1,214,317 |  |  | $ | 266,816 |  |  | $ | 3,578,519 |
Acquisition of Real Estate |  | $ | 244,022 |  |  | $ | 48,887 |  |  | $ | — |  |  | $ | 292,909 |
Investment in Redevelopment and Improvements |  | $ | 17,518 |  |  | $ | 76,903 |  |  | $ | — |  |  | $ | 94,421 |
12. SEGMENT REPORTING (continued) Nine Months Ended September 30, 2015
(dollars in thousands) |  | Core Portfolio |  | Funds |  | Structured Financing Portfolio |  | Total
Revenues |  | $ | 110,930 |  |  | $ | 36,846 |  |  | $ | 14,718 |  |  | $ | 162,494 |
Property operating expenses, other operating and real estate taxes |  | (26,811 | ) |  | (15,399 | ) |  | — |  |  | (42,210 | )
General and administrative expenses |  | (21,171 | ) |  | (1,969 | ) |  | — |  |  | (23,140 | )
Depreciation and amortization |  | (34,454 | ) |  | (10,568 | ) |  | — |  |  | (45,022 | )
Impairment of asset |  | (5,000 | ) |  | — |  |  | — |  |  | (5,000 | )
Operating income |  | 23,494 |  |  | 8,910 |  |  | 14,718 |  |  | 47,122 |
Equity in earnings of unconsolidated affiliates |  | 1,567 |  |  | 10,627 |  |  | — |  |  | 12,194 |
Gain on disposition of property of unconsolidated affiliates |  | — |  |  | 24,043 |  |  | — |  |  | 24,043 |
Loss on debt extinguishment |  | — |  |  | (134 | ) |  | — |  |  | (134 | )
Gain on disposition of properties |  | — |  |  | 89,063 |  |  | — |  |  | 89,063 |
Interest and other finance expense |  | (21,000 | ) |  | (7,130 | ) |  | — |  |  | (28,130 | )
Income tax provision |  | (866 | ) |  | (1,193 | ) |  | — |  |  | (2,059 | )
Net income |  | $ | 3,195 |  |  | $ | 124,186 |  |  | $ | 14,718 |  |  | $ | 142,099 |
Net loss (income) attributable to noncontrolling interests |  | $ | 1,340 |  |  | $ | (86,621 | ) |  | $ | — |  |  | $ | (85,281 | )
Net income attributable to Common Shareholders |  | $ | 4,535 |  |  | $ | 37,565 |  |  | $ | 14,718 |  |  | $ | 56,818 |
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 |

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