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INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED AFFILIATES (Tables) | 9 Months Ended
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Sep. 30, 2016
Equity Method Investments and Joint Ventures [Abstract] |
Summary activity related to the RCP Venture Investments from Inception | The following table summarizes activity related to the RCP Venture investments from inception through September 30, 2016:
(dollars in thousands) |  | Fund Share |  | Operating Partnership Share
Investment | Year Acquired | Invested Capital and Advances |  | Distributions |  | Invested Capital and Advances |  | Distributions
Mervyns | 2004 | $ | 26,058 |  |  | $ | 48,648 |  |  | $ | 4,901 |  |  | $ | 11,821 |
Mervyns Add-On investments | 2005/2008 | 7,547 |  |  | 9,272 |  |  | 1,252 |  |  | 2,017 |
Albertsons | 2006 | 21,108 |  |  | 81,594 |  |  | 4,350 |  |  | 16,318 |
Albertsons Add-On investments | 2006/2007 | 2,416 |  |  | 4,864 |  |  | 388 |  |  | 972 |
Shopko | 2006 | 1,110 |  |  | 3,358 |  |  | 222 |  |  | 672 |
Marsh and Add-On investments | 2006/2008 | 2,667 |  |  | 2,941 |  |  | 533 |  |  | 588 |
Rex Stores | 2007 | 2,701 |  |  | 4,927 |  |  | 535 |  |  | 986 |
Total |  | $ | 63,607 |  |  | $ | 155,604 |  |  | $ | 12,181 |  |  | $ | 33,374 |
Summary of Balance Sheet of the Company’s investments in unconsolidated affiliates | The following Aggregate and Condensed Balance Sheets and Statements of Income summarize the financial information of the Company’s investments in unconsolidated affiliates:
(dollars in thousands) | September 30, 2016 |  | December 31, 2015
Aggregate and Condensed Balance Sheets |  |  |
Assets |  |  |
Rental property, net | $ | 734,311 |  |  | $ | 302,976 |
Real estate under development | 23,486 |  |  | 35,743 |
Investment in unconsolidated affiliates | 6,853 |  |  | 6,853 |
Other assets | 95,264 |  |  | 47,083 |
Total assets | $ | 859,914 |  |  | $ | 392,655 |
Liabilities and partners’ equity |  |  |  |  |
Mortgage notes payable | $ | 499,899 |  |  | $ | 192,684 |
Other liabilities | 51,472 |  |  | 21,945 |
Partners’ equity | 308,543 |  |  | 178,026 |
Total liabilities and partners’ equity | $ | 859,914 |  |  | $ | 392,655 |
Company’s investment in and advances to unconsolidated affiliates | $ | 273,576 |  |  | $ | 173,277 |
Company's share of distributions in excess of income from, and investments in, unconsolidated affiliates | $ | (24,249 | ) |  | $ | (13,244 | )
Summary of Statement of Income of the Company’s investments in unconsolidated affiliates |
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
(dollars in thousands) | 2016 |  | 2015 |  | 2016 |  | 2015
Aggregate and Condensed Statements of Income |  |  |  |  |  |  |
Total revenues | $ | 26,590 |  |  | $ | 10,712 |  |  | $ | 58,984 |  |  | $ | 32,727 |
Operating and other expenses | (7,066 | ) |  | (3,022 | ) |  | (18,082 | ) |  | (9,855 | )
Interest and other finance expense | (5,242 | ) |  | (2,183 | ) |  | (11,355 | ) |  | (7,080 | )
Equity in earnings of unconsolidated affiliates | — |  |  | — |  |  | — |  |  | 66,655 |
Depreciation and amortization | (15,398 | ) |  | (2,791 | ) |  | (24,262 | ) |  | (7,828 | )
(Loss) gain on disposition of property | (1,452 | ) |  | 7,416 |  |  | (1,452 | ) |  | 32,623 |
Net (loss) income | $ | (2,568 | ) |  | $ | 10,132 |  |  | $ | 3,833 |  |  | $ | 107,242 |
Company’s share of net (loss) income | $ | 377 |  |  | $ | 9,231 |  |  | $ | 4,267 |  |  | $ | 36,531 |
Amortization of excess investment | (479 | ) |  | (98 | ) |  | (675 | ) |  | (294 | )
Company’s equity in (losses) earnings of unconsolidated affiliates | $ | (102 | ) |  | $ | 9,133 |  |  | $ | 3,592 |  |  | $ | 36,237 |

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66011266&loc=d3e33918-111571 + Details
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