XML 110 R96.htm IDEA: XBRL DOCUMENT v3.10.0.1
Segment Reporting - Summary of Segment Information (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Segment Reporting Information [Line Items]                      
Revenues $ 69,445 $ 66,075 $ 63,569 $ 63,124 $ 66,081 $ 62,678 $ 59,504 $ 61,999 $ 262,213 $ 250,262 $ 189,939
Depreciation and amortization                 (117,549) (104,934) (70,011)
Property operating expenses, other operating and real estate taxes                 (82,780) (79,798) (57,391)
General and administrative expenses                 (34,343) (33,756) (40,648)
Impairment charge         (10,600) (3,800)     0 (14,455) 0
Operating income                 27,541 17,319 21,889
Gain on disposition of properties                 5,140 48,886 81,965
Interest income                 13,231 29,143 25,829
Equity in earnings of unconsolidated affiliates inclusive of gain on disposition of properties of $0, $15,336 and $35,950, respectively                 9,302 23,371 39,449
Interest expense                 (69,978) (58,978) (34,645)
Gain on change in control                 0 5,571 0
Income tax provision                 (934) (1,004) 105
Net (loss) income (6,671) (2,597) (2,270) (4,160) 24,944 13,285 6,108 19,971 (15,698) 64,308 134,592
Net (income) loss attributable to noncontrolling interests (13,801) (11,822) (9,935) (11,579) 4,032 418 (5,952) 4,340 47,137 (2,838) (61,816)
Net income attributable to Acadia 7,130 $ 9,225 $ 7,665 $ 7,419 20,912 $ 12,867 $ 12,060 $ 15,631 31,439 61,470 72,776
Real estate at cost 3,697,805       3,466,482       3,697,805 3,466,482 3,382,000
Total assets 3,958,780       3,960,247       3,958,780 3,960,247 3,995,960
Cash paid for acquisition of real estate                 147,985 200,429 495,644
Cash paid for development and property improvement costs                 94,834 108,142 149,434
Operating Segments | Core Portfolio                      
Segment Reporting Information [Line Items]                      
Revenues                 167,894 169,975 150,211
Depreciation and amortization                 (60,903) (61,705) (54,582)
Property operating expenses, other operating and real estate taxes                 (45,138) (45,349) (39,598)
General and administrative expenses                 0 0  
Impairment charge                   0  
Operating income                 61,853 62,921 56,031
Gain on disposition of properties                 0 0  
Interest income                 0 0  
Equity in earnings of unconsolidated affiliates inclusive of gain on disposition of properties of $0, $15,336 and $35,950, respectively                 7,415 3,735 3,774
Interest expense                 (27,575) (28,618) (27,435)
Gain on change in control                   5,571  
Income tax provision                 0 0  
Net (loss) income                 41,693 43,609 32,370
Net (income) loss attributable to noncontrolling interests                 752 (1,107) (3,411)
Net income attributable to Acadia                 42,445 42,502 28,959
Real estate at cost 2,069,439       2,032,485       2,069,439 2,032,485 1,982,763
Total assets 2,232,695       2,305,663       2,232,695 2,305,663 2,271,620
Cash paid for acquisition of real estate                 1,343 0 323,880
Cash paid for development and property improvement costs                 32,662 42,026 13,434
Operating Segments | Funds                      
Segment Reporting Information [Line Items]                      
Revenues                 94,319 80,287 39,728
Depreciation and amortization                 (56,646) (43,229) (15,429)
Property operating expenses, other operating and real estate taxes                 (37,642) (34,449) (17,793)
General and administrative expenses                 0 0  
Impairment charge                   (14,455)  
Operating income                 31 (11,846) 6,506
Gain on disposition of properties                 5,140 48,886 81,965
Interest income                 0 0  
Equity in earnings of unconsolidated affiliates inclusive of gain on disposition of properties of $0, $15,336 and $35,950, respectively                 1,887 19,636 35,675
Interest expense                 (42,403) (30,360) (7,210)
Gain on change in control                   0  
Income tax provision                 0 0  
Net (loss) income                 (35,345) 26,316 116,936
Net (income) loss attributable to noncontrolling interests                 46,385 (1,731) (58,405)
Net income attributable to Acadia                 11,040 24,585 58,531
Real estate at cost 1,628,366       1,433,997       1,628,366 1,433,997 1,399,237
Total assets 1,616,472       1,500,755       1,616,472 1,500,755 1,448,177
Cash paid for acquisition of real estate                 146,642 200,429 171,764
Cash paid for development and property improvement costs                 62,172 66,116 136,000
Operating Segments | Structured Financing                      
Segment Reporting Information [Line Items]                      
Revenues                 0 0  
Depreciation and amortization                 0 0  
Property operating expenses, other operating and real estate taxes                 0 0  
General and administrative expenses                 0 0  
Impairment charge                   0  
Operating income                 0 0  
Gain on disposition of properties                 0 0  
Interest income                 13,231 29,143 25,829
Equity in earnings of unconsolidated affiliates inclusive of gain on disposition of properties of $0, $15,336 and $35,950, respectively                 0 0  
Interest expense                 0 0  
Gain on change in control                   0  
Income tax provision                 0 0  
Net (loss) income                 13,231 29,143 25,829
Net (income) loss attributable to noncontrolling interests                 0 0  
Net income attributable to Acadia                 13,231 29,143 25,829
Real estate at cost 0       0       0 0  
Total assets 109,613       153,829       109,613 153,829 276,163
Cash paid for acquisition of real estate                 0 0  
Cash paid for development and property improvement costs                 0 0  
Unallocated                      
Segment Reporting Information [Line Items]                      
Revenues                 0 0  
Depreciation and amortization                 0 0  
Property operating expenses, other operating and real estate taxes                 0 0  
General and administrative expenses                 (34,343) (33,756) (40,648)
Impairment charge                   0  
Operating income                 (34,343) (33,756) (40,648)
Gain on disposition of properties                 0 0  
Interest income                 0 0  
Equity in earnings of unconsolidated affiliates inclusive of gain on disposition of properties of $0, $15,336 and $35,950, respectively                 0 0  
Interest expense                 0 0  
Gain on change in control                   0  
Income tax provision                 (934) (1,004) 105
Net (loss) income                 (35,277) (34,760) (40,543)
Net (income) loss attributable to noncontrolling interests                 0 0  
Net income attributable to Acadia                 (35,277) (34,760) $ (40,543)
Real estate at cost 0       0       0 0  
Total assets $ 0       $ 0       0 0  
Cash paid for acquisition of real estate                 0 0  
Cash paid for development and property improvement costs                 $ 0 $ 0