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SEGMENT REPORTING (Details) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2016 USD ($) | Sep. 30, 2015 USD ($) | Sep. 30, 2016 USD ($) segment | Sep. 30, 2015 USD ($)
Segment Reporting Information [Line Items] |  |  |  |
Number of reportable segments | segment |  |  | 3 |
Revenues | $ 51,100 | $ 56,852 | $ 155,116 | $ 162,494
Property operating expenses, other operating and real estate taxes | (14,515) | (12,853) | (37,791) | (42,210)
General and administrative expenses | (12,869) | (7,603) | (30,742) | (23,140)
Depreciation and amortization | (15,217) | (17,461) | (46,744) | (45,022)
Impairment of asset | 0 | 0 | 0 | (5,000)
Operating income | 8,499 | 18,935 | 39,839 | 47,122
Equity in earnings (losses) of unconsolidated affiliates | (102) | 2,195 | 3,592 | 12,194
Gain on disposition of property of unconsolidated affiliates | 0 | 6,938 | 0 | 24,043
Loss on debt extinguishment | 0 | 0 | (15) | (134)
Gain on disposition of properties | 0 | 79 | 81,965 | 89,063
Interest and other finance expense | (7,982) | (9,345) | (24,902) | (28,130)
Income tax provision | (89) | (698) | (123) | (2,059)
Net income | 326 | 18,104 | 100,356 | 142,099
Net loss (income) attributable to noncontrolling interests | 5,786 | (4,328) | (47,401) | (85,281)
Net income attributable to Common Shareholders | 6,112 | 13,776 | 52,955 | 56,818
Real Estate at Cost | 3,019,789 | 2,578,580 | 3,019,789 | 2,578,580
Total Assets | 3,578,519 | 2,973,699 | 3,578,519 | 2,973,699
Acquisition of Real Estate | 274,329 | 52,800 | 292,909 | 273,071
Investment in Redevelopment and Improvements | 38,531 | 64,751 | 94,421 | 105,245
Core Portfolio |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenues | 36,376 | 37,744 | 109,176 | 110,930
Property operating expenses, other operating and real estate taxes | (11,612) | (8,885) | (28,460) | (26,811)
General and administrative expenses | (11,915) | (6,963) | (28,955) | (21,171)
Depreciation and amortization | (12,428) | (13,979) | (37,629) | (34,454)
Impairment of asset |  |  |  | (5,000)
Operating income | 421 | 7,917 | 14,132 | 23,494
Equity in earnings (losses) of unconsolidated affiliates | 1,495 | 434 | 2,668 | 1,567
Gain on disposition of property of unconsolidated affiliates |  | 0 |  | 0
Loss on debt extinguishment |  |  | 0 | 0
Gain on disposition of properties |  | 0 | 0 | 0
Interest and other finance expense | (6,431) | (7,203) | (20,308) | (21,000)
Income tax provision | (70) | (461) | (80) | (866)
Net income | (4,585) | 687 | (3,588) | 3,195
Net loss (income) attributable to noncontrolling interests | 60 | (686) | (2,771) | 1,340
Net income attributable to Common Shareholders | (4,525) | 1 | (6,359) | 4,535
Real Estate at Cost | 1,832,863 | 1,553,174 | 1,832,863 | 1,553,174
Total Assets | 2,097,386 | 1,650,555 | 2,097,386 | 1,650,555
Acquisition of Real Estate | 237,729 | 0 | 244,022 | 169,235
Investment in Redevelopment and Improvements | 7,296 | 3,271 | 17,518 | 9,624
Funds |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenues | 7,479 | 11,783 | 26,642 | 36,846
Property operating expenses, other operating and real estate taxes | (2,903) | (3,968) | (9,331) | (15,399)
General and administrative expenses | (954) | (640) | (1,787) | (1,969)
Depreciation and amortization | (2,789) | (3,482) | (9,115) | (10,568)
Impairment of asset |  |  |  | 0
Operating income | 833 | 3,693 | 6,409 | 8,910
Equity in earnings (losses) of unconsolidated affiliates | (1,597) | 1,761 | 924 | 10,627
Gain on disposition of property of unconsolidated affiliates |  | 6,938 |  | 24,043
Loss on debt extinguishment |  |  | (15) | (134)
Gain on disposition of properties |  | 79 | 81,965 | 89,063
Interest and other finance expense | (1,551) | (2,142) | (4,594) | (7,130)
Income tax provision | (19) | (237) | (43) | (1,193)
Net income | (2,334) | 10,092 | 84,646 | 124,186
Net loss (income) attributable to noncontrolling interests | 5,726 | (3,642) | (44,630) | (86,621)
Net income attributable to Common Shareholders | 3,392 | 6,450 | 40,016 | 37,565
Real Estate at Cost | 1,186,926 | 1,025,406 | 1,186,926 | 1,025,406
Total Assets | 1,214,317 | 1,154,213 | 1,214,317 | 1,154,213
Acquisition of Real Estate | 36,600 | 52,800 | 48,887 | 103,836
Investment in Redevelopment and Improvements | 31,235 | 61,480 | 76,903 | 95,621
Structured Financing Portfolio |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenues | 7,245 | 7,325 | 19,298 | 14,718
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
Operating income | 7,245 | 7,325 | 19,298 | 14,718
Equity in earnings (losses) of unconsolidated affiliates | 0 | 0 | 0 | 0
Gain on disposition of property of unconsolidated affiliates |  | 0 |  | 0
Loss on debt extinguishment |  |  | 0 | 0
Gain on disposition of properties |  | 0 | 0 | 0
Interest and other finance expense | 0 | 0 | 0 | 0
Income tax provision | 0 | 0 | 0 | 0
Net income | 7,245 | 7,325 | 19,298 | 14,718
Net loss (income) attributable to noncontrolling interests | 0 | 0 | 0 | 0
Net income attributable to Common Shareholders | 7,245 | 7,325 | 19,298 | 14,718
Real Estate at Cost | 0 | 0 | 0 | 0
Total Assets | 266,816 | 168,931 | 266,816 | 168,931
Acquisition of Real Estate | 0 | 0 | 0 | 0
Investment in Redevelopment and Improvements | $ 0 | $ 0 | $ 0 | $ 0

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