|
Document And Entity Information (USD $)
In Millions, except Share data, unless otherwise specified |
12 Months Ended | ||
|---|---|---|---|
|
Dec. 31, 2012
|
Feb. 27, 2013
|
Jun. 30, 2012
|
|
| Document Information [Line Items] | |||
| Entity Registrant Name | ACADIA REALTY TRUST | ||
| Entity Central Index Key | 0000899629 | ||
| Current Fiscal Year End Date | --12-31 | ||
| Entity Filer Category | Large Accelerated Filer | ||
| Document Type | 10-K | ||
| Document Period End Date | Dec. 31, 2012 | ||
| Document Fiscal Year Focus | 2012 | ||
| Document Fiscal Period Focus | FY | ||
| Amendment Flag | false | ||
| Entity Common Stock, Shares Outstanding | 53,468,275 | ||
| Entity Well-known Seasoned Issuer | Yes | ||
| Entity Voluntary Filers | No | ||
| Entity Current Reporting Status | Yes | ||
| Entity Public Float | $ 1,056.0 |
| X | ||||||||||
|
- Definition
If the value is true, then the document is an amendment to previously-filed/accepted document. No definition available.
|
| X | ||||||||||
|
- Definition
End date of current fiscal year in the format --MM-DD. No definition available.
|
| X | ||||||||||
|
- Definition
This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY. No definition available.
|
| X | ||||||||||
|
- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD. No definition available.
|
| X | ||||||||||
|
- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other". No definition available.
|
| X | ||||||||||
|
- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument. No definition available.
|
| X | ||||||||||
|
- Definition
Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
|
| X | ||||||||||
|
- Definition
Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
|
| X | ||||||||||
|
- Definition
State aggregate market value of voting and non-voting common equity held by non-affiliates computed by reference to price at which the common equity was last sold, or average bid and asked price of such common equity, as of the last business day of registrant's most recently completed second fiscal quarter. The public float should be reported on the cover page of the registrants form 10K. No definition available.
|
| X | ||||||||||
|
- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Indicate "Yes" or "No" if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. No definition available.
|
| X | ||||||||||
|
- Definition
Indicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A. No definition available.
|
| X | ||||||||||
|
- Definition
Carrying amount as of the balance sheet date of distribution in excess of income from, and investments in, unconsolidated affiliates. No definition available.
|
| X | ||||||||||
|
- Definition
Sum of the carrying values as of the balance sheet date of obligations incurred through that date, including liabilities incurred and payable to vendors for goods and services received, taxes, interest, rent and utilities, compensation costs, payroll taxes and fringe benefits (other than pension and postretirement obligations), contractual rights and obligations, and statutory obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
For an unclassified balance sheet, the amount due from customers or clients for goods or services that have been delivered or sold in the normal course of business, reduced to their estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The aggregate value (measured at the lower of net carrying value or fair value less cost of disposal) for assets of a disposal group, including a component of the entity (discontinued operation), to be sold or that has been disposed of through sale, as of the financial statement date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Including the current and noncurrent portions, carrying value as of the balance sheet date of a written promise to pay a note, initially due after one year or beyond the operating cycle if longer, which can be exchanged for a specified amount of one or more securities (typically common stock), at the option of the issuer or the holder. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The carrying amount of deferred costs. No definition available.
|
| X | ||||||||||
|
- Definition
The current amount of expenditures for a real estate project that has not yet been completed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Carrying value as of the balance sheet date of dividends declared but unpaid on equity securities issued by the entity and outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
For an unclassified balance sheet, amounts due from related parties including affiliates, employees, joint ventures, officers and stockholders, immediate families thereof, and pension funds. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The designation of funds furnished by a borrower to a lender to assure future payments of the borrower's real estate taxes and insurance obligations with respect to a mortgaged property. Escrow deposits may be made for a variety of other purposes such as earnest money and contingent payments. This element excludes replacement reserves which are an escrow separately provided for within the US GAAP taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Cost of real estate projects incurred for projects for eventual sale or transfer (condominium or time share projects, vacation clubs). No definition available.
|
| X | ||||||||||
|
- Definition
Aggregate of the carrying amounts as of the balance sheet date of investments in building and building improvements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Total investments in (A) an entity in which the entity has significant influence, but does not have control, (B) subsidiaries that are not required to be consolidated and are accounted for using the equity and or cost method, and (C) an entity in which the reporting entity shares control of the entity with another party or group. Includes long-term advances receivable from a party that is affiliated with the reporting entity by means of direct or indirect ownership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Carrying amount as of the balance sheet date of real estate held for productive use. This excludes land held for sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Total of all Liabilities and Stockholders' Equity items (or Partners' Capital, as applicable), including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The obligations arising from the sale, disposal, or planned sale in the near future (generally within one year) of a disposal group, including a component of the entity (discontinued operation). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (that is, noncontrolling interest, previously referred to as minority interest). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The carrying amount of the outstanding balance due under the mortgage loan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This element represents a liability associated with the acquisition of an off-market lease when the terms of the lease are unfavorable to the market terms for the lease at the date of acquisition. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate carrying amount, as of the balance sheet date, of liabilities not separately disclosed in the balance sheet. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Sum of the carrying amount for an unclassified balance sheet date of expenditures made in advance of when the economic benefit of the cost will be realized, and which will be expensed in future periods with the passage of time or when a triggering event occurs and the carrying amount as of the balance sheet date of assets not otherwise specified in the taxonomy. Also includes assets not individually reported in the financial statements, or not separately disclosed in notes. No definition available.
|
| X | ||||||||||
|
- Definition
The cumulative amount of depreciation for real estate property held for investment purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of real estate investment property which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of real estate investment property, net of accumulated depreciation, which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
CONSOLIDATED BALANCE SHEETS (Parentheticals) (USD $)
|
Dec. 31, 2012
|
Dec. 31, 2011
|
|---|---|---|
| Common shares, par value (in dollars per share) | $ 0.001 | $ 0.001 |
| Common shares, authorized (in shares) | 100,000,000 | 100,000,000 |
| Common shares, issued (in shares) | 52,482,598 | 42,586,376 |
| Common shares, outstanding (in shares) | 52,482,598 | 42,586,376 |
| X | ||||||||||
|
- Definition
Face amount or stated value of common stock per share; generally not indicative of the fair market value per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Discontinued Operations Gain (Loss) On Extinguishment Of Debt No definition available.
|
| X | ||||||||||
|
- Definition
Gain (Loss) On Involuntary Asset Conversion No definition available.
|
| X | ||||||||||
|
- Definition
Interest income earned on loans issued by the company secured by mortgaged properties. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Costs incurred and are directly related to generating revenues from leased and rented property or equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of gain (loss), after tax expense or benefit and not previously recognized, resulting from the sale of a business component. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
After tax income (loss) from operations of a business component (exclusive of any gain (loss) on disposal, or provision therefore) during the reporting period, until its disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
This item represents an other than temporary decline in value that has been recognized against an investment accounted for under the equity method of accounting. The excess of the carrying amount over the fair value of the investment represents the amount of the write down which is or was reflected in earnings. The written down value is a new cost basis with the adjusted value of the investment becoming its new carrying value subject to the equity accounting method. Evidence of a loss in value might include, but would not necessarily be limited to, absence of an ability to recover the carrying amount of the investment or inability of the investee to sustain an earnings capacity which would justify the carrying amount of the investment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This item represents the amount of gain (loss) arising from the disposal of an equity method investment. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of the excess of the fair value of acquired net assets over the cost of an acquired business after pro rata reduction of the amounts that otherwise would have been assigned to acquired assets except financial assets other than investments accounted for by the equity method, assets to be disposed of by sale, deferred tax assets, prepaid assets relating to pension and postretirement benefit plans, and other current assets. This amount is considered an extraordinary item and often referred to as negative goodwill. This element is gross of the related tax effect. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The charge against earnings in the period to reduce the carrying amount of real property to fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of income (loss) from continuing operations attributable to the noncontrolling interest. Also defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of earnings or loss from continuing operations before income taxes that is attributable to domestic operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This element represents the overall income (loss) from a disposal group that is classified as a component of the entity, net of income tax, reported as a separate component of income before extraordinary items, which is apportioned to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This item includes the following (net of tax): income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of net income (loss) derived from discontinued operations during the period, net of related tax effect, per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of net income or loss derived from discontinued operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Interest and debt related expenses associated with nonoperating financing activities of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Income derived from investments in debt securities and on cash and cash equivalents the earnings of which reflect the time value of money or transactions in which the payments are for the use or forbearance of money. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Revenue, comprised of base and incentive revenue derived from the management of joint ventures, managing third-party properties, or another entity's operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
|
| X | ||||||||||
|
- Definition
The total amount of lease revenue recognized for the period for which the lessee was obligated under leasing arrangements regardless of any other events or conditions. This amount excludes contingent revenue and sublease revenue. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Other real estate revenue not otherwise specified in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The sum of the periodic provision charged to earnings, based on an assessment of uncollectibility from the counterparty on account of loan, lease or other credit losses, to reduce these accounts to the amount that approximates their net realizable value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate revenue from real estate operations during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
A tax based on the assessed value of real estate by the local government. The tax is usually based on the value of property (including the land). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
In accordance with the provisions of their lease agreement, this element represents allowable charges due a landlord from its tenant. In retail store and office building leases, for example, tenant reimbursements may cover items such as taxes, utilities, and common area expenses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
|---|---|---|---|
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
| Net income | $ 89,936 | $ 53,715 | $ 50,667 |
| Other Comprehensive (loss) income: | |||
| Unrealized loss on valuation of swap agreements | (3,519) | (5,611) | (2,683) |
| Reclassification of realized interest on swap agreements | 2,268 | 3,081 | 2,749 |
| Other comprehensive (loss) income | (1,251) | (2,530) | 66 |
| Comprehensive income | 88,685 | 51,185 | 50,733 |
| Comprehensive income attributable to noncontrolling interests | (49,373) | (686) | (20,539) |
| Comprehensive income attributable to Common Shareholders | $ 39,312 | $ 50,499 | $ 30,194 |
| X | ||||||||||
|
- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to noncontrolling interests. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the economic entity, including both controlling (parent) and noncontrolling interests. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, including any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Net of tax amount of other comprehensive income (loss) attributable to both parent entity and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Net of tax amount of the income statement impact of the reclassification adjustment of accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges realized in net income. Also includes reclassification adjustments of an entity's share of an equity investee's deferred hedging gain (loss) realized in net income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Net of tax amount, before reclassification adjustments, of the change in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges. Also includes an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Number of common stock issued during the period to Trustees. No definition available.
|
| X | ||||||||||
|
- Definition
Value of common stock issued during the period to Trustees. No definition available.
|
| X | ||||||||||
|
- Definition
Issuance of LTIP unit awards to employees adjustment to non-controlling interests. No definition available.
|
| X | ||||||||||
|
- Definition
Issuance of OP Units to Acquire Real Estate No definition available.
|
| X | ||||||||||
|
- Definition
Number of shares of stock issued as of the balance sheet date, including shares that had been issued and were previously outstanding but which are now held in the treasury before adjustment towards Comprehensive income. No definition available.
|
| X | ||||||||||
|
- Definition
Total of Stockholders' Equity (deficit) items, net of receivables from officers, directors owners, and affiliates of the entity including portions attributable to both the parent and noncontrolling interests (previously referred to as minority interest) before adjustment towards Comprehensive income. No definition available.
|
| X | ||||||||||
|
- Definition
Stock Issued During Period, Value, Net of Issuance Costs No definition available.
|
| X | ||||||||||
|
- Definition
Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the economic entity, including both controlling (parent) and noncontrolling interests. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, including any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Equity impact of aggregate cash, stock, and paid-in-kind dividends declared for common shareholders during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Decrease in noncontrolling interest balance from payment of dividends or other distributions by the non-wholly owned subsidiary or partially owned entity, included in the consolidation of the parent entity, to the noncontrolling interest holders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Represents an increase in noncontrolling interest from issuance of additional equity interests to noncontrolling interest holders or the sale of a portion of the parent's controlling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Net of tax amount of the income statement impact of the reclassification adjustment of accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges realized in net income. Also includes reclassification adjustments of an entity's share of an equity investee's deferred hedging gain (loss) realized in net income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Net of tax amount, before reclassification adjustments, of the change in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges. Also includes an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of shares issued during the period upon the conversion of units. An example of a convertible unit is an umbrella partnership real estate investment trust unit (UPREIT unit). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Number of shares issued during the period as a result of an employee stock purchase plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Number of new stock issued during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Number of shares issued during the period related to Restricted Stock Awards, net of any shares forfeited. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Number of share options (or share units) exercised during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Value of stock issued during the period upon the conversion of units. An example of a convertible unit is an umbrella partnership real estate investment trust unit (UPREIT unit). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Aggregate change in value for stock issued during the period as a result of employee stock purchase plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Value of stock related to Restricted Stock Awards issued during the period, net of the stock value of such awards forfeited. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Value of stock issued as a result of the exercise of stock options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Number of shares that have been repurchased and retired during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Equity impact of the value of stock that has been repurchased and retired during the period. The excess of the purchase price over par value can be charged against retained earnings (once the excess is fully allocated to additional paid in capital). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parentheticals) (USD $)
|
0 Months Ended | 1 Months Ended | 3 Months Ended | 12 Months Ended | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Nov. 29, 2011
|
Feb. 27, 2013
|
Dec. 31, 2012
|
Sep. 30, 2012
|
Jun. 30, 2012
|
Mar. 31, 2012
|
Dec. 31, 2011
|
Sep. 30, 2011
|
Jun. 30, 2011
|
Mar. 31, 2011
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
| Common Stock, Dividends, Per Share, Declared | $ 0.18 | $ 0.21 | $ 0.18 | $ 0.18 | $ 0.18 | $ 0.18 | $ 0.18 | $ 0.18 | $ 0.18 | $ 0.18 | $ 0.72 | $ 0.72 | $ 0.72 |
| X | ||||||||||
|
- Definition
Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Mortgage debt assumed under acquisition of interest in unconsolidated affiliate attributable to real estate. No definition available.
|
| X | ||||||||||
|
- Definition
Portion attributable to investment held by the company under acquisition of interest in unconsolidated affiliate attributable to real estate. No definition available.
|
| X | ||||||||||
|
- Definition
Value of other assets and liabilities taken over under acquisition of interest in unconsolidated affiliate attributable to real estate. No definition available.
|
| X | ||||||||||
|
- Definition
Cash outflow associated with the acquisition of interest in unconsolidated affiliate attributable to real estate. No definition available.
|
| X | ||||||||||
|
- Definition
Acquisition Of Real Estate Through Assumption of Debt No definition available.
|
| X | ||||||||||
|
- Definition
Net cash included in investment in real estate. No definition available.
|
| X | ||||||||||
|
- Definition
Conversion of Note Receivable to Acquire Real Estate No definition available.
|
| X | ||||||||||
|
- Definition
Cash outflow towards deferred acquisition and leasing costs. No definition available.
|
| X | ||||||||||
|
- Definition
Equity Method Investments, Income (Loss), Realized Gain (Loss) and Other Than Temporary Investment No definition available.
|
| X | ||||||||||
|
- Definition
Gain (Loss) On Involuntary Asset Conversion No definition available.
|
| X | ||||||||||
|
- Definition
Gains (Losses) on Extinguishment of Debt, Continuing Operations And Discontinued Operations No definition available.
|
| X | ||||||||||
|
- Definition
The net change during the reporting period in the carrying amount of escrow deposits. No definition available.
|
| X | ||||||||||
|
- Definition
Issuance of OP Units to Acquire Real Estate No definition available.
|
| X | ||||||||||
|
- Definition
Non-cash accretion of notes receivable. No definition available.
|
| X | ||||||||||
|
- Definition
Proceeds from Issuance of Common Stock, Net of Issuance Costs No definition available.
|
| X | ||||||||||
|
- Definition
Redemption of Convertible Notes Payable No definition available.
|
| X | ||||||||||
|
- Definition
The cash inflow from unconsolidated affiliates by renturn of capital. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of noncash expense included in interest expense to amortize debt discount and premium associated with the related debt instruments. Excludes amortization of financing costs. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of noncash expense included in interest expense to issue debt and obtain financing associated with the related debt instruments. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of gain (loss), after tax expense or benefit and not previously recognized, resulting from the sale of a business component. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of the excess of the fair value of acquired net assets over the cost of an acquired business after pro rata reduction of the amounts that otherwise would have been assigned to acquired assets except financial assets other than investments accounted for by the equity method, assets to be disposed of by sale, deferred tax assets, prepaid assets relating to pension and postretirement benefit plans, and other current assets. This amount is considered an extraordinary item and often referred to as negative goodwill. This element is gross of the related tax effect. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The charge against earnings in the period to reduce the carrying amount of real property to fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in the amount due to the reporting entity for good and services provided to the following types of related parties: a parent company and its subsidiaries; subsidiaries of a common parent; an entity and trust for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of the entity's management, an entity and its principal owners, management, member of their immediate families, affiliates, or other parties with the ability to exert significant influence. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in other liabilities used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current liabilities, other noncurrent liabilities, or a combination of other current and noncurrent liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets, or income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of cash paid for interest during the period net of cash paid for interest that is capitalized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net cash inflow or outflow from financing activity for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The net cash inflow or outflow from investing activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The net cash from (used in) all of the entity's operating activities, including those of discontinued operations, of the reporting entity. Operating activities generally involve producing and delivering goods and providing services. Operating activity cash flows include transactions, adjustments, and changes in value that are not defined as investing or financing activities. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Other income (expense) included in net income that results in no cash inflows or outflows in the period. Includes noncash adjustments to reconcile net income (loss) to cash provided by (used in) operating activities that are not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The total of the cash outflow during the period which has been paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt and the cost incurred directly for the issuance of equity securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow for acquisition of or capital improvements to properties held for investment (operating, managed, leased) or for use. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Cash outflow in the form of ordinary dividends to common shareholders, generally out of earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow associated with the purchase of or advances to an equity method investments, which are investments in joint ventures and entities in which the entity has an equity ownership interest normally of 20 to 50 percent and exercises significant influence. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow to acquire an agreement for an unconditional promise by the maker to pay the entity (holder) a definite sum of money at a future date. Such amount may include accrued interest receivable in accordance with the terms of the note. The note also may contain provisions including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among myriad other features and characteristics. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow from the acquisition of a piece of land, anything permanently fixed to it, including buildings, structures on it and so forth; includes real estate intended to generate income for the owner; excludes real estate acquired for use by the owner. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow to return capital to noncontrolled interest, which generally occurs when noncontrolling shareholders reduce their ownership stake (in a subsidiary of the entity). This element does not include dividends paid to noncontrolling shareholders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow associated with principal collections from a borrowing supported by a written promise to pay an obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow from an entity that is affiliated with the entity by means of direct or indirect ownership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow from the amounts received by the insured under the terms of an insurance contract settlement. This element pertains only to insurance proceeds related to investments, for example fixed assets. It excludes insurance settlements classified as operating cash flows. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow from amounts received from issuance of long-term debt that is wholly or partially secured by collateral. Excludes proceeds from tax exempt secured debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow contributed by noncontrolled interest that purchase additional shares or otherwise increase their ownership stake in a subsidiary of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Cash received from the sale of real estate that is held for investment, that is, it is part of an investing activity during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow associated with the amount received from holders exercising their stock options. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The sum of the periodic provision charged to earnings, based on an assessment of uncollectibility from the counterparty on account of loan, lease or other credit losses, to reduce these accounts to the amount that approximates their net realizable value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow to repay long-term debt that is wholly or partially secured by collateral. Excludes repayments of tax exempt secured debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
CONSOLIDATED STATEMENTS OF CASH FLOWS (Parentheticals) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
|---|---|---|---|
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
| Cash paid for capitalized interest | $ 5,955 | $ 4,850 | $ 2,903 |
| Payments of Stock Issuance Costs | $ 762 | $ 206 | $ 0 |
| X | ||||||||||
|
- Definition
The amount of cash paid during the current period for interest that is capitalized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow for cost incurred directly with the issuance of an equity security. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
|
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2012
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Organization, Basis of Presentation and Summary of Significant Accounting Policies | Organization, Basis of Presentation and Summary of Significant Accounting Policies Acadia Realty Trust (the “Trust”) and subsidiaries (collectively, the “Company”), is a fully-integrated equity real estate investment trust (“REIT”) focused on the ownership, acquisition, redevelopment, and management of high-quality retail properties and urban/infill mixed-use properties with a strong retail component located primarily in high-barrier-to-entry, supply constrained, densely-populated metropolitan areas in the United States along the East Coast and in Chicago. All of the Company’s assets are held by, and all of its operations are conducted through, Acadia Realty Limited Partnership (the “Operating Partnership”) and entities in which the Operating Partnership owns an interest. As of December 31, 2012, the Trust controlled approximately 99% of the Operating Partnership as the sole general partner. As the general partner, the Trust is entitled to share, in proportion to its percentage interest, in the cash distributions and profits and losses of the Operating Partnership. The limited partners primarily represent entities or individuals that contributed their interests in certain properties or entities to the Operating Partnership in exchange for common or preferred units of limited partnership interest (“Common OP Units” or “Preferred OP Units”) and employees who have been awarded restricted Common OP Units (“LTIP Units”) as long-term incentive compensation (Note 15). Limited partners holding Common OP and LTIP Units are generally entitled to exchange their units on a one-for-one basis for common shares of beneficial interest of the Trust (“Common Shares”). This structure is referred to as an umbrella partnership REIT or “UPREIT.” As of December 31, 2012, the Company has ownership interests in 72 properties within its core portfolio, which consist of those properties either 100% owned, or partially owned through joint venture interests, by the Operating Partnership, or subsidiaries thereof, not including those properties owned through its opportunity funds ("Core Portfolio"). The Company also has ownership interests in 28 properties within its opportunity funds, Acadia Strategic Opportunity Fund I, LP ("Fund I"), Acadia Strategic Opportunity II, LLC ("Fund II"), Acadia Strategic Opportunity Fund III LLC ("Fund III") and Acadia Strategic Opportunity Fund IV LLC (("Fund IV") and together with Funds I, II, and III, the "Opportunity Funds"). The 100 Core Portfolio and Opportunity Fund properties primarily consist of urban/street retail, dense suburban neighborhood and community shopping centers and mixed-use properties with a strong retail component. In addition, the Company, together with the investors in the Opportunity Funds, invest in operating companies through Acadia Mervyn Investors I, LLC ("Mervyns I"), Acadia Mervyn Investors II, LLC ("Mervyns II") and Fund II, all on a non-recourse basis. The Operating Partnership is the sole general partner or managing member of the Opportunity Funds and Mervyns I and II and earns fees or priority distributions for asset management, property management, construction, redevelopment, leasing, and legal services. Cash flows from the Opportunity Funds and Mervyns I and II are distributed pro-rata to their respective partners and members (including the Operating Partnership) until each receives a certain cumulative return ("Preferred Return"), and the return of all capital contributions. Thereafter, remaining cash flow is distributed 20% to the Operating Partnership ("Promote") and 80% to the partners or members (including the Operating Partnership). Following is a table summarizing the general terms and Operating Partnership's equity interests in the Opportunity Funds and Mervyns I and II:
Note: (1) - Fund I and Mervyns I have returned all capital and preferred return. The Operating Partnership is now entitled to a Promote on all future cash distributions. (2) - Original committed capital of Fund III was $502.5 million. During 2012, this amount was reduced to $475.0 million. ACADIA REALTY TRUST AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 1. Organization, Basis of Presentation and Summary of Significant Accounting Policies, continued Principles of Consolidation The consolidated financial statements include the consolidated accounts of the Company and its controlling investments in partnerships and limited liability companies in which the Company has control in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 810 “Consolidation” (“ASC Topic 810”). The ownership interests of other investors in these entities are recorded as noncontrolling interests. All significant intercompany balances and transactions have been eliminated in consolidation. Investments in entities for which the Company has the ability to exercise significant influence over, but does not have financial or operating control, are accounted for using the equity method of accounting. Accordingly, the Company’s share of the earnings (or losses) of these entities are included in consolidated net income. Variable interest entities are accounted for within the scope of ASC Topic 810 and are required to be consolidated by their primary beneficiary. The primary beneficiary of a variable interest entity is the enterprise that has the power to direct the activities that most significantly impact the variable interest entity’s economic performance and the obligation to absorb losses or the right to receive benefits of the variable interest entity that could be significant to the variable interest entity. Management has evaluated the applicability of ASC Topic 810 to its investments in certain joint ventures and determined that these joint ventures are not variable interest entities or that the Company is not the primary beneficiary and, therefore, consolidation of these ventures is not required. These investments are accounted for using the equity method of accounting. Investments in and Advances to Unconsolidated Joint Ventures The Company primarily accounts for its investments in unconsolidated joint ventures using the equity method as it does not exercise control over significant asset decisions such as buying, selling or financing nor is it the primary beneficiary under ASC Topic 810, as discussed above in most of these investments. The Company does have significant influence over most of these investments, which requires equity method accounting. Under the equity method, the Company increases its investment for its proportionate share of net income and contributions to the joint venture and decreases its investment balance by recording its proportionate share of net loss and distributions. The Company accounts for some of its investments under the cost method. Due to its minor ownership of three investments as well as the terms of the underlying operating agreements, the Company has no influence over such entities' operating and financial policies. Other than the minority investor rights to which the Company is entitled pursuant to statute, it has no rights other than to receive its pro-rata share of cash distributions as declared by the managers of these investments. The Company has no rights with respect to the control and operation of these investments vehicles, nor with the formulation and execution of business and investment policies. The Company recognizes income for distributions in excess of its investment where there is no recourse to the Company. For investments in which there is recourse to the Company, distributions in excess of the investment are recorded as a liability. Although the Company accounts for its investment in Albertson’s (Note 4) under the equity method of accounting, the Company adopted the policy of not recording its equity in earnings or losses of this unconsolidated affiliate until it receives the audited financial statements of Albertson’s to support the equity earnings or losses in accordance with ASC Topic 323, “Investments – Equity Method and Joint Ventures.” The Company periodically reviews its investment in unconsolidated joint ventures for other-than-temporary losses in investment value. Any decline that is not expected to be recovered is considered other than temporary and an impairment charge is recorded as a reduction in the carrying value of the investment. During 2012, the Company recorded an impairment charge of $2.0 million in connection with the estimated fair value in its investment in Mervyns. During the years ended December 31, 2011 and 2010, there were no impairment charges related to the Company’s investment in unconsolidated joint ventures. Use of Estimates Accounting principles generally accepted in the United States of America (“GAAP”) require the Company’s management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. The most significant assumptions and estimates relate to the valuation of real estate, depreciable lives, revenue recognition and the collectability of notes receivable and rents receivable. Application of these estimates and assumptions requires the exercise of judgment as to future uncertainties and, as a result, actual results could differ from these estimates. Real Estate Real estate assets are stated at cost less accumulated depreciation. Construction in progress includes costs for significant property expansion and redevelopment. Depreciation is computed on the straight-line basis over estimated useful lives of 30 to ACADIA REALTY TRUST AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 1. Organization, Basis of Presentation and Summary of Significant Accounting Policies, continued Real Estate, continued 40 years for buildings, the shorter of the useful life or lease term for tenant improvements and five years for furniture, fixtures and equipment. Expenditures for maintenance and repairs are charged to operations as incurred. Upon acquisitions of real estate, the Company assesses the fair value of acquired assets and assumed liabilities (including land, buildings and improvements, and identified intangibles such as above and below market leases and acquired in-place leases and customer relationships) and acquired liabilities in accordance with ASC Topic 805 “Business Combinations” and ASC Topic 350 “Intangibles – Goodwill and Other,” and allocates the acquisition price based on these assessments. Fixed-rate renewal options have been included in the calculation of the fair value of acquired leases where applicable. To the extent there were fixed-rate options at below-market rental rates, the Company included these along with the current term below-market rent in arriving at the fair value of the acquired leases. The discounted difference between contract and market rents is being amortized over the remaining applicable lease term, inclusive of any option periods. The Company assesses fair value based on estimated cash flow projections that utilize appropriate discount and capitalization rates and available market information. Estimates of future cash flows are based on a number of factors including the historical operating results, known trends, and market/economic conditions that may affect the property. The Company capitalizes certain costs related to the development and redevelopment of real estate including pre-construction costs, interest, real estate taxes, insurance, construction costs and salaries and related costs of personnel directly involved with the specific project. Additionally, the Company capitalizes interest costs related to development and redevelopment activities. Capitalization of these costs begin when the activities and related expenditures commence, and cease when the property is held available for occupancy upon substantial completion of tenant improvements, but no later than one year from the completion of major construction activity at which time the project is placed in service and depreciation commences. The Company reviews its long-lived assets for impairment when there is an event or a change in circumstances that indicates that the carrying amount may not be recoverable. The Company measures and records impairment losses and reduces the carrying value of properties when indicators of impairment are present and the expected undiscounted cash flows related to those properties are less than their carrying amounts. In cases where the Company does not expect to recover its carrying costs on properties held for use, the Company reduces its carrying costs to fair value, and for properties held for sale, the Company reduces its carrying value to the fair value less costs to sell. During the year ended December 31, 2011, the Company determined that the value of the Granville Centre owned by Fund I was impaired. Accordingly, an impairment loss of $6.9 million was recorded, of which the Operating Partnership's share was $1.5 million. During the years ended December 31, 2012, and 2010, no impairment charges were recorded. Management does not believe that the values of its properties within the portfolio are impaired as of December 31, 2012. The Company recognizes property sales in accordance with ASC Topic 970 “Real Estate.” The Company generally records the sales of operating properties and outparcels using the full accrual method at closing when the earnings process is deemed to be complete. Sales not qualifying for full recognition at the time of sale are accounted for under other appropriate deferral methods. The Company evaluates the held-for-sale classification of its real estate each quarter. Assets that are classified as held for sale are recorded at the lower of their carrying amount or fair value less cost to sell. Assets are generally classified as held for sale once management has initiated an active program to market them for sale and has received a firm purchase commitment. The results of operations of these real estate properties are reflected as discontinued operations in all periods presented. On occasion, the Company will receive unsolicited offers from third parties to buy individual Company properties. Under these circumstances, the Company will classify the properties as held for sale when a sales contract is executed with no contingencies and the prospective buyer has funds at risk to ensure performance. Involuntary Conversion of Asset The Company experienced significant flooding resulting in extensive damage to one of its properties during September 2011. Costs related to the clean-up and redevelopment were insured for an amount sufficient that would allow for full restoration of the property. Loss of rents during the redevelopment were covered by business interruption insurance subject to a $0.1 million deductible. ACADIA REALTY TRUST AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 1. Organization, Basis of Presentation and Summary of Significant Accounting Policies, continued Involuntary Conversion of Asset, continued In accordance with ASC Topic 360 “Property, Plant and Equipment” and as a result of the above-described property damage, the Company had recorded a write-down of the asset's carrying value of approximately $1.4 million, as well as an insurance recovery in the same amount that is included in Prepaid Expenses and Other Assets in the accompanying consolidated balance sheets as of December 31, 2011. The Company also provided a $0.1 million provision in the 2011 consolidated statement of income for its exposure to the insurance deductible attributable to the loss of rents. During the years ended December 31, 2012 and 2011, the Company received insurance proceeds of approximately $3.7 million and $6.9 million, respectively. The Company recognized a gain on involuntary conversion of $2.4 million as these proceeds exceeded the asset's net basis. Deferred Costs Fees and costs paid in the successful negotiation of leases are deferred and amortized on a straight-line basis over the terms of the respective leases. Fees and costs incurred in connection with obtaining financing are deferred and amortized over the term of the related debt obligation. The Company capitalizes salaries, commissions and benefits related to time spent by leasing and legal department personnel involved in originating leases. Management Contracts Income from management contracts is recognized on an accrual basis as such fees are earned. The initial acquisition costs of any management contracts are amortized over the estimated lives of the contracts acquired. Revenue Recognition and Accounts Receivable Leases with tenants are accounted for as operating leases. Minimum rents are recognized, net of any rent concessions or tenant lease incentives, including free rent, on a straight-line basis over the term of the respective leases, beginning when the tenant is entitled to take possession of the space. As of December 31, 2012 and 2011, included in Rents Receivable, net on the accompanying consolidated balance sheets are unbilled rents receivable relating to the straight-lining of rents of $25.7 million and $22.8 million, respectively. Certain of these leases also provide for percentage rents based upon the level of sales achieved by the tenant. Percentage rent is recognized in the period when the tenants’ sales breakpoint is met. In addition, leases typically provide for the reimbursement to the Company of real estate taxes, insurance and other property operating expenses. These reimbursements are recognized as revenue in the period the related expenses are incurred. The Company makes estimates of the uncollectability of its accounts receivable related to tenant revenues. An allowance for doubtful accounts has been provided against certain tenant accounts receivable that are estimated to be uncollectible. Once the amount is ultimately deemed to be uncollectible, it is written off. Rents receivable at December 31, 2012 and 2011 are shown net of an allowance for doubtful accounts of $6.1 million and $5.3 million, respectively. Notes Receivable Notes receivable are intended to be held to maturity and are carried at amortized cost. Interest income from notes receivable are recognized on the effective interest method over the expected life of the loan. Under the effective interest method, interest or fees collected at the origination of the loan or the payoff of the loan are recognized over the term of the loan as an adjustment to yield. Allowances for real estate notes receivable are established based upon management’s quarterly review of the investments. In performing this review, management considers the estimated net recoverable value of the loan as well as other factors, including the fair value of any collateral, the amount and status of any senior debt, and the prospects for the borrower. Because this determination is based upon projections of future economic events, which are inherently subjective, the amounts ultimately realized from the loans may differ materially from their carrying values at the balance sheet date. Interest income recognition is generally suspended for loans when, in the opinion of management, a full recovery of income and principal becomes doubtful. Income recognition is resumed when the suspended loan becomes contractually current and performance is demonstrated to be resumed. During 2012, the Company provided a $0.4 million net reserve on note receivables as a result of changes in the value of the underlying collateral properties. ACADIA REALTY TRUST AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 1. Organization, Basis of Presentation and Summary of Significant Accounting Policies, continued Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. Cash and cash equivalents are maintained at financial institutions and, at times, balances may exceed the federally insured limit by the Federal Deposit Insurance Corporation. The Company has never experienced any losses related to these balances. Restricted Cash and Cash in Escrow Restricted cash and cash in escrow consist principally of cash held for real estate taxes, construction costs, property maintenance, insurance, minimum occupancy and property operating income requirements at specific properties as required by certain loan agreements. Income Taxes The Company has made an election to be taxed, and believes it qualifies, as a REIT under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the “Code”). To maintain REIT status for Federal income tax purposes, the Company is generally required to distribute at least 90% of its REIT taxable income to its shareholders as well as comply with certain other income, asset and organizational requirements as defined in the Code. Accordingly, the Company is generally not subject to Federal corporate income tax to the extent that it distributes 100% of its REIT taxable income each year. Although it may qualify for REIT status for Federal income tax purposes, the Company is subject to state income or franchise taxes in certain states in which some of its properties are located. In addition, taxable income from non-REIT activities managed through the Company’s taxable REIT subsidiaries (“TRS”) is fully subject to Federal, state and local income taxes. The Company accounts for TRS income taxes under the liability method as required by ASC Topic 740, “Income Taxes.” Under the liability method, deferred income taxes are recognized for the temporary differences between the GAAP basis and tax basis of the TRS income, assets and liabilities. In accordance with ASC Topic 740, the Company believes that it has appropriate support for the income tax positions taken and, as such, does not have any uncertain tax positions that, if successfully challenged, could result in a material impact on the Company's financial position or results of operation. The prior three years' income tax returns are subject to review by the Internal Revenue Service. The Company recognizes potential interest and penalties related to uncertain tax positions as a component of the provision for income taxes. Stock-based Compensation The Company accounts for stock-based compensation pursuant to ASC Topic 718, “Compensation – Stock Compensation.” As such, all equity based awards are reflected as compensation expense in the Company’s consolidated financial statements over their vesting period based on the fair value at the date of grant. Recent Accounting Pronouncements During February 2013, the FASB issued Accounting Standards Update (“ASU”) No. 2013-03, "Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income." ASU 2013-03 requires an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, an entity is required to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income but only if the amount reclassified is required under U.S. GAAP to be reclassified to net income in its entirety in the same reporting period. ASU is effective prospectively for reporting periods beginning after December 15, 2012. The adoption of ASU 2013-03 is not expected to have a material impact on the Company's financial condition or results of operations. During April 2011, the FASB issued ASU No. 2011-02, “A Creditor's Determination of Whether a Restructuring Is a Troubled Debt Restructuring.” ASU 2011-02 requires a creditor to evaluate whether a restructuring constitutes a troubled debt restructuring by concluding that the restructuring constitutes a concession and that the debtor is experiencing financial difficulties and was effective for the first interim or annual period beginning on or after June 15, 2011. The adoption of ASU 2011-02 did not have a material impact on the Company's financial condition or results of operations. ACADIA REALTY TRUST AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 1. Organization, Basis of Presentation and Summary of Significant Accounting Policies, continued Recent Accounting Pronouncements, continued During May 2011, the FASB issued ASU No. 2011-04, “Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs.” ASU No. 2011-04 amended ASC 820, Fair Value Measurements and Disclosures, to converge the fair value measurement guidance in GAAP and International Financial Reporting Standards (“IFRS”). The amendments, which primarily require additional fair value disclosure, are to be applied prospectively. ASU 2011-04 is effective for interim and annual periods beginning after December 15, 2011. The adoption of ASU No. 2011-04 did not have a material impact on the Company's financial condition or results of operations. During June 2011, the FASB issued ASU No. 2011-05, “Presentation of Comprehensive Income,” which revises the manner in which companies present comprehensive income. Under ASU No. 2011-05, companies may present comprehensive income, which is net income adjusted for the components of other comprehensive income, either in a single continuous statement of comprehensive income or by using two separate but consecutive statements. Regardless of the alternative chosen, companies must display adjustments for items reclassified from other comprehensive income into net income within the presentation of both net income and other comprehensive income. ASU 2011-05 is effective for interim and annual periods beginning after December 15, 2011, on a retrospective basis. The Company adopted ASU 2011-05 as of December 31, 2011 and the adoption did not have a material impact on the Company's financial condition or results of operations. During December 2011, the FASB issued ASU No. 2011-10, “Property, Plant and Equipment (Topic 360): Derecognition of In substance Real Estate - a Scope Clarification" which clarifies current guidance found in ASC Topic 810 as to how to account when a reporting entity ceases to have a controlling financial interest in a subsidiary that is in substance real estate as a result of default on the subsidiary's nonrecourse debt. ASU No. 2011-10 is effective for fiscal years, and interim periods within those years, beginning on or after June 15, 2012. The adoption of ASU No. 2011-10 is not expected to have a material impact on the Company's financial condition or results of operations. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
ACQUISITION AND DISPOSITION OF PROPERTIES AND DISCONTINUED OPERATIONS
|
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2012
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ACQUISITION AND DISPOSITION OF REAL ESTATE AND DISCONTINUED OPERATIONS ABSTRACT | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Acquisitions And Disposition Of Properties And Discontinued Operations | Acquisition and Disposition of Properties and Discontinued Operations A. Acquisition and Disposition of Properties Acquisitions During 2012, the Company acquired the following properties through its Core Portfolio and Opportunity Funds as follows: Core Portfolio
The Company expensed $2.1 million of costs for the year ended December 31, 2012 related to these 2012 Core Portfolio acquisitions. ACADIA REALTY TRUST AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 2. Acquisition and Disposition of Properties and Discontinued Operations, continued Fund III
Notes: (1) Acquisition of land which is not treated as a business combination in accordance with ASC Topic 805. (2) Fund III obtained a deed in lieu of foreclosure on an undeveloped property encumbered by the Fund's $10.0 million first mortgage loan which originated in September 2008. The $12,386 includes the first mortgage loan along with accrued interest. The Company expensed $2.2 million of costs for the year ended December 31, 2012 related to these 2012 Fund III acquisitions. Fund IV
The Company expensed $0.5 million of costs for the year ended December 31, 2012 related to these 2012 Fund IV acquisitions. The above Core Portfolio and Opportunity Fund acquisitions, excluding the acquisitions of undeveloped land, have been accounted for as business combinations. The purchase prices were allocated to the acquired assets and assumed liabilities based on the Company's current best estimate of fair value of these acquired assets and assumed liabilities at the dates of acquisition. The preliminary measurements of fair value reflected below are subject to change. The Company expects to finalize the valuations and complete the purchase price allocations within one year from the dates of acquisition. The following table summarizes both the Company's preliminary and finalized allocations of the purchase prices of assets acquired and liabilities assumed during 2012: ACADIA REALTY TRUST AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 2. Acquisition and Disposition of Properties and Discontinued Operations, continued
During 2011, the Company acquired properties and recorded the preliminary allocation of the purchase price to the assets acquired based on provisional measurements of fair value. During 2012, the Company finalized the allocation of the purchase price and made certain measurement period adjustments. The following table summarizes the preliminary allocation of the purchase price of properties as recorded as of December 31, 2011, and the finalized allocation of the purchase price as adjusted as of December 31, 2012:
Dispositions During 2012, there were no Core Portfolio dispositions. The Opportunity Funds disposed of the following properties:
Note: (1) This property was accounted for as an unconsolidated investment. ACADIA REALTY TRUST AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 2. Acquisition and Disposition of Properties and Discontinued Operations, continued B. Discontinued Operations The Company reports properties sold and held-for-sale during the periods as discontinued operations. The assets and liabilities and results of operations of discontinued operations are reflected as a separate component within the accompanying consolidated financial statements for all periods presented. The combined assets and liabilities as of December 31, 2012 and 2011, and the results of operations of the properties classified as discontinued operations for the years ended December 31, 2012, 2011 and 2010, are summarized as follows:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The entire disclosure for business combinations, including leverage buyout transactions (as applicable), and divestitures. This may include a description of a business combination or divestiture (or series of individually immaterial business combinations or divestitures) completed during the period, including background, timing, and assets and liabilities recognized and reclassified or sold. This element does not include fixed asset sales and plant closings. No definition available.
|
|
SEGMENT REPORTING
|
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2012
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Segment Reporting [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Segment Reporting | Segment Reporting The Company has four reportable segments: Core Portfolio, Opportunity Funds, Notes Receivable and Other. Notes Receivable consists of the Company’s notes receivable and preferred equity investment and related interest income. Other consists primarily of management fees and interest income. As a result of the sale of the majority of the Company's Self-Storage Portfolio during 2012, the Company no longer reports these discontinued operations as a separate segment. The accounting policies of the segments are the same as those described in the summary of significant accounting policies. The Company evaluates property performance primarily based on net operating income before depreciation, amortization and certain nonrecurring items. Investments in the Core Portfolio are typically held long-term. Given the contemplated finite life of the Opportunity Funds, these investments are typically held for shorter terms. Fees earned by the Company as the general partner or managing member of the Opportunity Funds are eliminated in the Company’s consolidated financial statements. The following table sets forth certain segment information for the Company, reclassified for discontinued operations, as of and for the years ended December 31, 2012, 2011, and 2010 (does not include unconsolidated affiliates or discontinued operations): 2012
ACADIA REALTY TRUST AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 3. Segment Reporting, continued 2011
ACADIA REALTY TRUST AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 3. Segment Reporting, continued 2010
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED AFFILIATES
|
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2012
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity Method Investments and Joint Ventures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investments in and Advances to Unconsolidated Affiliates | Investments In and Advances to Unconsolidated Affiliates Core Portfolio The Company owns a 22.2% interest in an approximately one million square foot retail portfolio (the “Brandywine Portfolio”) located in Wilmington, Delaware, a 49% interest in a 311,000 square foot shopping center located in White Plains, New York (“Crossroads”) and a 50% interest in an approximately 28,000 square foot retail portfolio located in Georgetown, Washington D.C. (the "Georgetown Portfolio"). These investments are accounted for under the equity method. Opportunity Funds RCP Venture The Opportunity Funds, along with Klaff Realty, LP (“Klaff”) and Lubert-Adler Management, Inc. ("Lubert-Adler"), formed an investment group, the RCP Venture, for the purpose of making investments in surplus or underutilized properties owned by retailers. The RCP Venture is neither a single entity nor a specific investment. Any member of this group has the option of participating, or not, in any individual investment and each individual investment has been made on a stand-alone basis through a separate limited liability company (“LLC”). These investments have been made through different investment vehicles with different affiliated and unaffiliated investors and different economics to the Company. Investments under the RCP Venture are structured as separate joint ventures as there may be other investors participating in certain investments in addition to Klaff, Lubert-Adler and Acadia. The Company has made these investments through its subsidiaries, Mervyns I, Mervyns II and Fund II, (together the “Acadia Investors”), all on a non-recourse basis. Through December 31, 2012, the Acadia Investors have made investments in Mervyns Department Stores (“Mervyns”) and Albertson’s, as well as additional investments in locations that are separate from these original investments (“Add-On Investments”). Additionally, they have invested in Shopko, Marsh and Rex Stores Corporation (collectively “Other RCP Investments”). Mervyns Department Stores Through Mervyns I and Mervyns II, the Company invested in a consortium to acquire Mervyns, consisting of 262 stores (“REALCO”) and its retail operations (“OPCO”), from Target Corporation. The Company’s share of this investment was $23.2 million. Subsequent to the initial acquisition, the Company, through Mervyns I and Mervyns II, made additional investments of $3.9 million. Through December 31, 2012, REALCO has disposed of a significant portion of the portfolio. In addition, in November 2007, the Company sold its interest in OPCO and, as a result, has no further investment in OPCO. Through December 31, 2012, the Company has received distributions from this investment totaling $46.0 million. Through December 31, 2012, the Company, through Mervyns I and Mervyns II, made Add-On Investments in Mervyns totaling $6.5 million and have received distributions totaling $3.6 million. During the year ended December 31, 2012, the Company recorded an impairment charge of $2.0 million on its investment in Mervyn's relating to a reduction in the fair value of the remaining assets of the portfolio. The Operating Partnership's share of this impairment, net of taxes, was $0.2 million. Albertson’s The RCP Venture made its second investment as part of an investment consortium, acquiring Albertson’s and Cub Foods, of which the Company’s share was $20.7 million. Through December 31, 2012, the Company has received distributions from this investment totaling $81.7 million, including $2.4 million and $4.5 million received in 2012 and 2011, respectively. Through December 31, 2012, the Company, through Mervyns II, made Add-On Investments in Albertson’s totaling $2.4 million and received distributions totaling $4.8 million, including $3.1 million received in 2012. Other RCP Investments Through December 31, 2012, the Company, through Fund II, made investments of $1.1 million in Shopko, $0.7 million in Marsh, and $2.0 million in Marsh Add-On Investments. As of December 31, 2012, the Company has received distributions totaling $1.7 million from its Shopko investment and $2.6 million from its Marsh and Marsh Add-On Investments. During July of 2007, the RCP Venture acquired a portfolio of 87 retail properties from Rex Stores Corporation, which the Company invested through Mervyns II. The Company’s share of this investment was $2.7 million. As of December 31, 2012, the Company has received distributions totaling $2.0 million, including $1.1 million received in 2012. ACADIA REALTY TRUST AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 4. Investments In and Advances to Unconsolidated Affiliates, continued The following table summarizes activity related to the RCP Venture investments from inception through December 31, 2012:
The Company accounts for the original investments in Mervyns and Albertson’s under the equity method of accounting as the Company has the ability to exercise significant influence, but does not have financial or operating control. The Company accounts for the Add-On Investments and Other RCP Investments under the cost method. Due to its minor ownership interest, based on the size of the investments as well as the terms of the underlying operating agreements, the Company has no influence over such entities' operating and financial policies. Other than the minority investor rights to which the Company is entitled pursuant to statute, it has no rights other than to receive its pro-rata share of cash distributions as declared by the managers of the Add-On Investments and Other RCP Investments. The Company has no rights with respect to the control and operation of these investment vehicles, nor with the formulation and execution of business and investment policies. The Acadia Investors have non-controlling interests in the individual investee LLC’s as follows:
ACADIA REALTY TRUST AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 4. Investments In and Advances to Unconsolidated Affiliates, continued Other Opportunity Fund Investments Fund II Investments Prior to June 30, 2010, Fund II had a 24.75% interest in CityPoint, a redevelopment project located in downtown Brooklyn, NY, which was accounted for under the equity method. On June 30, 2010, Fund II acquired the remaining interest in the project from its unaffiliated partner and, as a result, has consolidated the CityPoint investment since that point. Fund III Investments The unaffiliated venture partners for the Lincoln Road, Arundel Plaza, Parkway Crossing and the White City Shopping Center investments maintain control over these entities and, as such, the Company accounts for these investments under the equity method. During June 2010, Fund III, in a joint venture with an unaffiliated partner, invested in an entity for the purpose of providing management services to owners of self-storage properties. Fund III has a 50% interest in the entity. This entity was determined to be a variable interest entity but it was determined that the Company was not the primary beneficiary. As such, the Company accounts for this investment under the equity method. Fund IV Investments The unaffiliated venture partners for 1701 Belmont Avenue (Note 2) and Lincoln Road (Note 2) investment maintain control over the entity and, as such, the Company accounts for these investments under the equity method. Summary of Investments in Unconsolidated Affiliates The following combined and condensed Balance Sheets and Statements of Operations, in each period, summarize the financial information of the Company’s investments in unconsolidated affiliates. Summary of Investments in Unconsolidated Affiliates, continued
ACADIA REALTY TRUST AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 4. Investments In and Advances to Unconsolidated Affiliates, continued
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The entire disclosure for the information summarizing investments in and advances to majority-owned subsidiaries, other controlled companies, and other affiliates. It reflects specified information about ownership, financial results from, and financial position in such entities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
NOTES RECEIVABLE AND PREFERRED EQUITY INVESTMENT
|
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2012
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Mortgage Loans on Real Estate [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notes Receivable and Preferred Equity Investment | Notes Receivable and Other Real Estate Related Investments During 2012, the Company made total net investments in notes receivable aggregating $69.2 million. The following table reconciles notes receivable investments from January 1, 2010 to December 31, 2012:
As of December 31, 2012, the Company’s notes receivable, net, approximated $129.3 million and were collateralized by the underlying properties, the borrower’s ownership interest in the entities that own the properties and/or by the borrower’s personal guarantee. Notes receivable were as follows at December 31, 2012: ACADIA REALTY TRUST AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 5. Notes Receivable and Other Real Estate Related Investments, continued
Notes:
The following table reconciles the allowance for notes receivable from December 31, 2010 to December 31, 2012:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The entire disclosure for mortgage loans on real estate, this includes the supplemental information pertaining to each mortgage loan receivable that equals or exceeds three percent of the carrying amount of mortgages. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
DEFERRED CHARGES
|
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2012
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Charges | Deferred Charges Deferred charges consist of the following as of December 31, 2012 and 2011:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Definition
Deferred Charges [Text Block] No definition available.
|
| X | ||||||||||
|
- Details
|
|
ACQUIRED LEASE INTANGIBLES
|
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2012
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill and Intangible Assets Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Acquired Lease Intangibles | Acquired Lease Intangibles Upon acquisitions of real estate, the Company assesses the fair value of acquired assets (including land, buildings and improvements, and identified intangibles such as above and below market leases, acquired in-place leases and customer relationships) and acquired liabilities in accordance with ASC Topic 805. The intangibles are amortized over the remaining non-cancelable terms of the respective leases. The scheduled amortization of acquired lease intangible assets and liabilities as of December 31, 2012 is as follows:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Definition
Acquired Lease Intangibles [Text Block] No definition available.
|
| X | ||||||||||
|
- Details
|
|
MORTGAGES PAYABLE
|
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2012
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Mortgage Loans on Real Estate [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Mortgages Payable | Mortgages Payable At December 31, 2012 and 2011, mortgage notes payable, excluding the net valuation premium on the assumption of debt, aggregated $727.1 million and $647.7 million respectively, and were collateralized by 35 properties and related tenant leases. Interest rates on the Company’s outstanding mortgage indebtedness ranged from 1.00% to 7.25% with maturities that ranged from April 2013 to September 2022. Certain loans are cross-collateralized and contain cross-default provisions. The loan agreements contain customary representations, covenants and events of default. Certain loan agreements require the Company to comply with affirmative and negative covenants, including the maintenance of debt service coverage and leverage ratios. The following table reflects mortgage loan activity for the year ended December 31, 2012:
Notes: (1) - Loan was amended from $50.0 million to $74.0 million. (2) - Loan was amended from $56.5 million to $69.6 million. (3) - The Company entered into a $20.0 million loan under the New Markets Tax Credit program to finance the construction of this property. Of the total principal, $14.8 million is due to an affiliate included in the consolidated group which has been netted on the accompanying balance sheet and the resulting $5.2 million is included in Mortgages Payable in the accompanying consolidated balance sheet at December 31, 2012. (4) - As of December 31, 2012 no funds have been drawn down on this construction loan. ACADIA REALTY TRUST AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 8. Mortgages Payable, continued The following table sets forth certain information pertaining to our secured credit facilities as of December 31, 2012:
Note: (1) - Subsequent to December 31, 2012, the Company closed on a new $150.0 million unsecured credit facility, which replaced this maturing secured credit facility. ACADIA REALTY TRUST AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 8. Mortgages Payable, continued The following table summarizes the Company’s mortgage and other secured indebtedness as of December 31, 2012 and December 31, 2011:
ACADIA REALTY TRUST AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 8. Mortgages Payable, continued
Notes:
The scheduled principal repayments of all indebtedness, including Convertible Notes (Note 9), as of December 31, 2012 are as follows (does not include $107,000 net valuation discount on assumption of debt):
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The entire disclosure for mortgage notes payable. No definition available.
|
|
CONVERTIBLE NOTES PAYABLE
|
12 Months Ended |
|---|---|
|
Dec. 31, 2012
|
|
| Debt Disclosure [Abstract] | |
| Convertible Notes Payable | Convertible Notes Payable In December 2006 and January 2007, the Company issued a total of $115.0 million of convertible notes with a fixed interest rate of 3.75% due 2026 (the “Convertible Notes”). The Convertible Notes were issued at par and require interest payments semi-annually in arrears on June 15 and December 15 of each year. The Convertible Notes are unsecured, unsubordinated obligations and rank equally with all other unsecured and unsubordinated indebtedness. The Convertible Notes have an effective interest rate of 6.03% giving effect to the accounting treatment required by ASC Topic 470-20, “Debt with Conversion and Other Options.” The Convertible Notes had an initial conversion price of $30.86 per share. The conversion rate may be adjusted under certain circumstances, including the payment of cash dividends in excess of the regular quarterly cash dividend in place at the time the Convertible Notes were issued. As of December 31, 2012, the adjusted conversion price is $29.26. Upon conversion of the Convertible Notes, the Company will deliver cash and, in some circumstances, Common Shares, as specified in the indenture relating to the Convertible Notes. In general, the Convertible Notes may only be converted prior to maturity during any calendar quarter beginning after December 31, 2006 if the Company’s Common Shares trade at 130% of the conversion price for at least 20 days within a consecutive 30 day trading period. Prior to December 20, 2011, the Company did not have the right to redeem Convertible Notes, except to preserve its status as a REIT. After December 20, 2011, the Company has the right to redeem the notes, in whole or in part, at any time and from time to time, for cash equal to 100% of the principal amount of the notes plus any accrued and unpaid interest to, but not including, the redemption date. The Holders of notes may require the Company to repurchase their notes, in whole or in part, on December 20, 2011, December 15, 2016, and December 15, 2021 for cash equal to 100% of the principal amount of the notes to be repurchased plus any accrued and unpaid interest to, but not including, the repurchase date (the "Repurchase Option"). In general, upon a conversion of notes, the Company will deliver cash and, at the Company’s election, its Common Shares, with an aggregate value, which the Company refers to as the “conversion value”, equal to the conversion rate multiplied by the average price of the Company’s Common Shares. The net amount may be paid, at the Company’s option, in cash, its Common Shares or any combination of the two. The Convertible Notes "if-converted" value does not exceed their principal amount as of December 31, 2012, and there are no derivative transactions that were entered into in connection with the issuance of the Convertible Notes. Effective January 1, 2009, the Company adopted ASC Topic 470-20 which required it to retrospectively restate and reclassify previously disclosed consolidated financial statements to allocate the proceeds from the issuance of convertible debt between a debt component and an equity component. The resulting discount on the debt component was amortized over the period the convertible debt was expected to be outstanding, which was December 11, 2006 to December 20, 2011, as additional non-cash interest expense. The equity component recorded as additional paid-in capital was $11.3 million, which represented the difference between the proceeds from the issuance of the Convertible Notes and the fair value of the liability at the time of issuance. As the Company determined, in connection with the Repurchase Option, that the Convertible Notes matured on December 20, 2011, as of December 31, 2012, all loan costs associated with the issuance have been expensed and there is no remaining carrying amount of the equity component included in additional paid-in capital. The carrying amount of the equity component included in additional paid-in capital totaled $1.1 million at December 31, 2010. Interest expense relating to the contractual interest coupon recognized in the Consolidated Statements of Income was $0.03 million, $1.5 million, and $1.9 million for the years ended December 31, 2012, 2011, and 2010, respectively, The additional non-cash interest expense recognized in the Consolidated Statements of Income was $0.8 million and $1.0 million for the years ended December 31, 2011 and 2010, respectively. During 2011, the Company purchased $48.8 million of the Convertible Notes, including $24.0 million that was repurchased on December 20, 2011 pursuant to the Repurchase Option. As of December 31, 2012, the Company has purchased $114.1 million in principal amount of its convertible debt at an average discount of approximately 11%. The transactions resulted in a loss on debt extinguishment of ($0.4) million for the year ended December 31, 2011. The outstanding Convertible Notes principal amount and net carrying amount was $0.9 million as of December 31, 2012 and 2011. |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS
|
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2012
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value Disclosures [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Instruments and Fair Value Measurements | Financial Instruments and Fair Value Measurements The FASB’s fair value measurements and disclosure guidance requires the valuation of certain of the Company’s financial assets and liabilities, based on a three-level fair value hierarchy. Market participant assumptions obtained from sources independent of the Company are observable inputs that are classified within Levels 1 and 2 of the hierarchy, and the Company’s own assumptions about market participant assumptions are unobservable inputs classified within Level 3 of the hierarchy. The following table presents the Company’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of December 31, 2012:
During the year ended December 31, 2011, the Company determined that the value of the Granville Centre owned by Fund I was impaired and recorded an impairment loss of $6.9 million (Note 1). The Company estimated the Granville Centre's fair value by using projected future cash flows, which it determined were not sufficient to recover the property's net book value. The inputs used to determine the fair value of the Granville Centre were classified as Level 3 under authoritative guidance for fair value measurements. During the year ended December 31, 2012, the Company determined that carrying value in its investment in Mervyns was overstated and recorded an impairment of $2.0 million (Note 1). The analysis performed consisted of discounted cash flows which were used to determine the fair value of the Mervyns investment and were classified as Level 3 under authoritative guidance for fair value measurements. Derivative Financial Instruments The FASB’s derivative and hedging guidance establishes accounting and reporting standards for derivative instruments, including certain derivative instruments embedded in other contracts, and for hedging activities. As required by the FASB guidance, the Company records all derivatives on the balance sheet at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative and the resulting designation. Derivatives used to hedge the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives used to hedge the exposure to variability in expected future cash flows, or other types of forecast transactions, are considered cash flow hedges. For derivatives designated as fair value hedges, changes in the fair value of the derivative and the hedged item related to the hedged risk are recognized in earnings. For derivatives designated as cash flow hedges, the effective portion of changes in the fair value of the derivative is initially reported in other comprehensive (loss) income (outside of earnings) and subsequently reclassified to earnings when the hedged transaction affects earnings, and the ineffective portion of changes in the fair value of the derivative is recognized directly in earnings. The Company assesses the effectiveness of each hedging relationship by comparing the changes in fair value or cash flows of the derivative hedging instrument with the changes in fair value or cash flows of the designated hedged item or transaction. For derivatives not designated as hedges, changes in fair value would be recognized in earnings. As of December 31, 2012, the Company’s derivative financial instruments consisted of seven interest rate LIBOR swaps with an aggregate notional value of $132.9 million, which fix interest at rates from 1.57% to 3.77%, and mature between May 2015 and December 2022. The Company also has four derivative financial instruments with a notional value of $141.4 million which cap interest rates ranging from 3.0% to 6.0% and mature between April 2013 and November 2015. The fair value of the derivative liability of these instruments, which is included in other liabilities in the consolidated balance sheets, totaled $4.4 million and $3.5 million at December 31, 2012 and 2011, respectively. The notional value does not represent exposure to credit, interest rate or market risks. These derivative instruments have been designated as cash flow hedges and hedge the future cash outflows on variable rate mortgage debt. Such instruments are reported at the fair value reflected above. As of December 31, 2012 and 2011, unrealized losses totaling $4.3 million and $3.9 million, respectively, were reflected in accumulated other comprehensive loss. It is estimated that approximately $1.5 million included in accumulated other comprehensive loss related to derivatives will be reclassified to interest expense in the 2013 results of operations. ACADIA REALTY TRUST AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 10. Financial Instruments and Fair Value Measurements, continued Derivative Financial Instruments, continued As of December 31, 2012 and 2011, no derivatives were designated as fair value hedges or hedges of net investments in foreign operations. Additionally, the Company does not use derivatives for trading or speculative purposes and currently does not have any derivatives that are not designated as hedges. As of December 31, 2012, none of the Company’s hedges were ineffective. Financial Instruments Certain of the Company’s assets and liabilities meet the definition of financial instruments. Except as disclosed below, the carrying amounts of these financial instruments approximates their fair value due to the short-term nature of such accounts. The Company has determined the estimated fair values of the following financial instruments by discounting future cash flows utilizing a discount rate equivalent to the rate at which similar financial instruments would be originated at the reporting date:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
SHAREHOLDERS' EQUITY AND NONCONTROLLING INTERESTS
|
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2012
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Shareholders' Equity and Noncontrolling Interests | Shareholders’ Equity and Noncontrolling Interests Common Shares During the year ended December 31, 2012, 8,595 employee Restricted Shares were canceled to pay the employees’ income taxes due on the value of the portion of their Restricted Shares that vested. During the year ended December 31, 2012, the Company recognized accrued Common Share and Common OP Unit-based compensation totaling $3.6 million in connection with the vesting of Restricted Shares and Units (Note 15). During 2012, the Company issued approximately 6.1 million Common Shares from the ATM program generating net proceeds of approximately $140.8 million and completed a public share offering of approximately 3.5 million Common Shares generating net proceeds of approximately $85.9 million. During 2012, Kenneth Bernstein, President and CEO, converted 250,000 Common OP Units into Common Shares. During November 2011, the Company issued 2.3 million Common Shares generating net proceeds of approximately $45.0 million. Noncontrolling Interests The following table summarizes the change in the noncontrolling interests since December 31, 2011: ACADIA REALTY TRUST AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 11. Shareholders’ Equity and Noncontrolling Interests, continued Noncontrolling Interests, continued
Noncontrolling interests in the Operating Partnership represents (i) the limited partners’ 284,097 and 279,748 Common OP Units at December 31, 2012 and 2011, respectively, (ii) 188 Series A Preferred OP Units at both December 31, 2012 and 2011, with a stated value of $1,000 per unit, which are entitled to a preferred quarterly distribution of the greater of (a) $22.50 (9% annually) per Series A Preferred OP Unit or (b) the quarterly distribution attributable to a Series A Preferred OP Unit if such unit was converted into a Common OP Unit, and (iii) 1,109,727 and 1,061,564 LTIP units as of December 31, 2012 and December 31, 2011, respectively, as discussed in Share Incentive Plan (Note 15). Noncontrolling interests in partially-owned affiliates include third-party interests in Fund I, II, III and IV, and Mervyns I and II, and twelve other entities. In 2005, the Company issued 250,000 Restricted Common OP Units to Klaff in consideration for an interest in certain management contract rights. During 2010, Klaff converted the 250,000 Restricted Common OP Units into Common Shares. The Series A Preferred OP Units were issued in 1999 in connection with the acquisition of a property. Through December 31, 2012, 1,392 Series A Preferred OP Units were converted into 185,600 Common OP Units and then into Common Shares. The 188 remaining Series A Preferred OP Units are currently convertible into Common OP Units based on the stated value divided by $7.50. Either the Company or the holders can currently call for the conversion of the Series A Preferred OP Units at the lesser of $7.50 or the market price of the Common Shares as of the conversion date. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
RELATED PARTY TRANSACTIONS
|
12 Months Ended |
|---|---|
|
Dec. 31, 2012
|
|
| Related Party Transactions [Abstract] | |
| Related Party Transactions | Related Party Transactions During February 2010, Klaff converted all 250,000 of its Restricted Common OP Units into 250,000 Common Shares. The Company earned property management, construction development, legal and leasing fees from three of its investments in unconsolidated partnerships totaling $0.8 million, $1.3 million and $0.8 million for the years ended December 31, 2012, 2011 and 2010, respectively. Related party receivables due from unconsolidated affiliates totaled $0.2 million and $1.4 million at December 31, 2012 and 2011, respectively. Lee Wielansky, the Lead Trustee of the Company, was paid a consulting fee of $0.1 million for each of the years ended December 31, 2012, 2011, and 2010. |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
TENANT LEASES
|
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2012
|
|||||||||||||||||||||||||||||||||||||||||||||
| Leases [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||
| Tenant Leases | Tenant Leases Space in the shopping centers and other retail properties is leased to various tenants under operating leases that usually grant tenants renewal options and generally provide for additional rents based on certain operating expenses as well as tenants’ sales volume. Minimum future rentals to be received under non-cancelable leases for shopping centers and other retail properties as of December 31, 2012 are summarized as follows:
During the years ended December 31, 2012, 2011 and 2010, no single tenant collectively accounted for more than 10% of the Company’s total revenues. |
||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The entire disclosure for lessor entity's leasing arrangements for operating, capital and leveraged leases. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
LEASE OBLIGATIONS
|
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2012
|
|||||||||||||||||||||||||||||||||||||||||||||
| Leases [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||
| Lease Obligations | Lease Obligations The Company leases land at eight of its shopping centers, which are accounted for as operating leases and generally provide the Company with renewal options. Ground rent expense was $3.2 million, $2.2 million, and $3.2 million (including capitalized ground rent at properties under redevelopment of $0.8 million, ($0.2 million) and $0.5 million) for the years ended December 31, 2012, 2011 and 2010, respectively. The leases terminate at various dates between 2020 and 2078. These leases provide the Company with options to renew for additional terms aggregating from 20 to 71 years. The Company leases space for its White Plains corporate office for a term expiring in 2015. Office rent expense under this lease was $1.4 million, $1.4 million and $1.5 million for the years ended December 31, 2012, 2011 and 2010, respectively. Future minimum rental payments required for leases having remaining non-cancelable lease terms are as follows:
|
||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
SHARE INCENTIVE PLAN
|
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2012
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Share Incentive Plan [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Share Incentive Plan | Share Incentive Plan During 2012, the Company terminated the 1999 and 2003 Plans and adopted the Amended 2006 Plan. The Amended 2006 Plan increased the authorization to issue options, Restricted Shares and LTIP Units (collectively "Awards") available to officers and employees by 1.9 million shares to 2.1 million shares. Options are granted by the Compensation Committee (the “Committee”), which currently consists of three non-employee Trustees, and will not have an exercise price less than 100% of the fair market value of the Common Shares and a term of greater than ten years at the grant date. Vesting of options is at the discretion of the Committee. The Committee determines the restrictions placed on Awards, including the dividends or distributions thereon and the term of such restrictions. The Committee also determines the award and vesting of the awards based on the attainment of specified performance objectives of the Company within a specified performance period. ACADIA REALTY TRUST AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 15. Share Incentive Plan, continued On March 15, 2012, the Company issued a total of 279,611 LTIP Units and 1,358 Restricted Share Units to officers of the Company and 9,435 Restricted Share Units to other employees of the Company. Vesting with respect to these awards is generally recognized ratably over the five annual anniversaries following the issuance date. Vesting with respect to 17% of the awards issued to officers is also generally subject to achieving certain Company performance measures. LTIP Units are similar to Restricted Shares but provide for a quarterly partnership distribution in a like amount as paid to Common OP Units. This distribution is paid on both unvested and vested LTIP Units. The LTIP Units are convertible into Common OP Units and Common Shares upon vesting and a revaluation of the book capital accounts. These awards were measured at their fair value as if they were vested on the grant date. Fair value was established as the market price of the Company's Common Shares as of the close of trading on the day preceding the grant date. The total value of the above Restricted Share Units and LTIP Units as of the grant date was $6.4 million, of which $2.6 million was recognized in compensation expense during 2011 and $3.8 million will be recognized in compensation expense over the vesting period. The weighted average fair value for Restricted Shares and LTIP Units granted for the years ended December 31, 2012, 2011 and 2010 were $21.98, $19.08 and $16.73, respectively. Total long-term incentive compensation expense, including the expense related to the above mentioned plans, was $3.6 million, $4.0 million and $3.8 million for the years ended December 31, 2012, 2011 and 2010, respectively. On May 10, 2012, the Company issued 19,360 Restricted Shares to Trustees of the Company in connection with Trustee fees. Vesting with respect to 8,983 of the Restricted Shares will be on the first anniversary of the date of issuance and 10,377 of the Restricted Shares vest over three years with 33% vesting on each of the next three anniversaries of the issuance date. The Restricted Shares do not carry voting rights or other rights of Common Shares until vesting and may not be transferred, assigned or pledged until the recipients have a vested non-forfeitable right to such shares. Dividends are not paid currently on unvested Restricted Shares, but are paid cumulatively from the issuance date through the applicable vesting date of such Restricted Shares. Trustee fee expense of $0.2 million for the year ended December 31, 2012 has been recognized in the accompanying consolidated statement of income related to this issuance. In 2009, the Company adopted the Long Term Investment Alignment Program (the “Program”) pursuant to which the Company may award units primarily to senior executives which would entitle them to receive up to 25% of any future Fund III Promote when and if such Promote is ultimately realized. The Company has awarded units representing 81% of the Program, which were determined to have no value at issuance or as of December 31, 2012. In accordance with ASC Topic 718, “Compensation - Stock Compensation,” compensation relating to these awards will be recorded based on the change in the estimated fair value at each reporting period. As of December 31, 2012, the Company had 100,647 options outstanding to officers and employees and 37,000 options outstanding to non-employee Trustees of the Company all of which have vested. These options are for ten-year terms from the grant date and vested in three equal annual installments, which began on their respective grant dates. A summary of option activity under all option arrangements as of December 31, 2012 and 2011, and changes during the years then ended, is presented below: ACADIA REALTY TRUST AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 15. Share Incentive Plan, continued
The total intrinsic value of options exercised during the years ended December 31, 2012, 2011 and 2010 was $0.1 million, $0.02 million and $0.03 million, respectively. A summary of the status of the Company’s unvested Restricted Shares and LTIP Units as of December 31, 2012 and 2011 and changes during the years then ended is presented below: ACADIA REALTY TRUST AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 15. Share Incentive Plan, continued
As of December 31, 2012, there was $9.6 million of total unrecognized compensation cost related to unvested share-based compensation arrangements granted under share incentive plans. That cost is expected to be recognized over a weighted-average period of 1.6 years. The total fair value of Restricted Shares that vested during the years ended December 31, 2012, 2011 and 2010 was $0.8 million, $2.2 million and $3.0 million, respectively. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Share Incentive Plan [Text Block] No definition available.
|
|
EMPLOYEE SHARE PURCHASE AND DEFERRED SHARE PLAN
|
12 Months Ended |
|---|---|
|
Dec. 31, 2012
|
|
| Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
| Employee Share Purchase and Deferred Share Plan | Employee Share Purchase and Deferred Share Plan The Acadia Realty Trust Employee Share Purchase Plan (the “Purchase Plan”), allows eligible employees of the Company to purchase Common Shares through payroll deductions. The Purchase Plan provides for employees to purchase Common Shares on a quarterly basis at a 15% discount to the closing price of the Company’s Common Shares on either the first day or the last day of the quarter, whichever is lower. A participant may not purchase more the $25,000 in Common Shares per year. Compensation expense will be recognized by the Company to the extent of the above discount to the closing price of the Common Shares with respect to the applicable quarter. During 2012, 2011 and 2010, a total of 3,829, 4,886 and 6,184 Common Shares, respectively, were purchased by employees under the Purchase Plan. Associated compensation expense of $0.01 million was recorded in both 2012 and 2011 and $0.02 million was recorded in 2010. During May of 2006, the Company adopted a Trustee Deferral and Distribution Election (“Trustee Deferral Plan”), whereby the participating Trustees have deferred compensation of $0.06 million for 2012, 2011 and 2010. |
| X | ||||||||||
|
- Definition
Disclosure of Employee Stock Ownership Plan [Text Block] No definition available.
|
| X | ||||||||||
|
- Details
|
|
EMPLOYEE 401(K) PLAN
|
12 Months Ended |
|---|---|
|
Dec. 31, 2012
|
|
| Compensation and Retirement Disclosure [Abstract] | |
| Employee 401(k) Plan | Employee 401(k) Plan The Company maintains a 401(k) plan for employees under which the Company currently matches 50% of a plan participant’s contribution up to 6% of the employee’s annual salary. A plan participant may contribute up to a maximum of 15% of their compensation, up to $17,000, for the year ended December 31, 2012. The Company contributed $0.3 million for the year ended December 31, 2012 and $0.2 million for each of the years ended December 31, 2011 and 2010. |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The entire disclosure for pension and other postretirement benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
DIVIDENDS AND DISTRIBUTIONS PAYABLE
|
12 Months Ended |
|---|---|
|
Dec. 31, 2012
|
|
| Equity [Abstract] | |
| Dividends and Distributions Payable | Dividends and Distributions Payable On November 5, 2012, the Board of Trustees declared a cash dividend for the quarter ended December 31, 2012 of $0.18 per Common Share, which was paid on January 15, 2013 to holders of record as of December 31, 2012. |
| X | ||||||||||
|
- Definition
Dividends and Distributions Payable [Text Block] No definition available.
|
| X | ||||||||||
|
- Details
|
|
FEDERAL INCOME TAXES
|
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2012
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Income Tax Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Federal Income Taxes | Federal Income Taxes The Company has elected to qualify as a REIT in accordance with Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the “Code”), and intends at all times to qualify as a REIT under the Code. To qualify as a REIT, the Company must meet a number of organizational and operational requirements, including a requirement that it currently distribute at least 90% of its annual REIT taxable income to its shareholders. As a REIT, the Company generally will not be subject to corporate Federal income tax, provided that distributions to its shareholders equal at least the amount of its REIT taxable income as defined under the Code. As the Company distributed sufficient taxable income for the years ended December 31, 2012, 2011 and 2010, no U.S. Federal income or excise taxes were incurred. If the Company fails to qualify as a REIT in any taxable year, it will be subject to Federal income taxes at the regular corporate rates (including any applicable alternative minimum tax) and may not be able to qualify as a REIT for the four subsequent taxable years. Even though the Company qualifies for taxation as a REIT, the Company is subject to certain state and local taxes on its income and property and Federal income and excise taxes on any undistributed taxable income. In addition, taxable income from non-REIT activities managed through the Company’s Taxable REIT Subsidiaries (“TRS”) is subject to Federal, state and local income taxes. Characterization of Distributions: The Company has determined that the cash distributed to the shareholders is characterized as follows for Federal income tax purposes:
Taxable REIT Subsidiaries Income taxes have been provided for using the liability method as required by ASC Topic 740, “Income Taxes.” The Company’s TRS income and provision for income taxes for the years ended December 31, 2012, 2011 and 2010 are summarized as follows:
ACADIA REALTY TRUST AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 19. Federal Income Taxes, continued The income tax provision differs from the amount computed by applying the statutory federal income tax rate to income before income taxes as follows (not adjusted for temporary book/tax differences):
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
EARNINGS PER COMMON SHARE
|
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2012
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Earnings Per Share [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Earnings Per Common Share | Earnings Per Common Share Basic earnings per Common Share is computed by dividing net income attributable to Common Shareholders by the weighted average Common Shares outstanding. At December 31, 2012, the Company has unvested LTIP Units (Note 15) which provide for non-forfeitable rights to dividend equivalent payments. Accordingly, these unvested LTIP Units are considered participating securities and are included in the computation of basic earnings per Common Share pursuant to the two-class method. Diluted earnings per Common Share reflects the potential dilution of the conversion of obligations and the assumed exercises of securities including the effects of restricted share unit ("Restricted Share Units") and share option awards issued under the Company’s Share Incentive Plans (Note 15). The effect of the assumed conversion of 188 Series A Preferred OP Units into 25,067 Common Shares would be dilutive and therefore are included in the computation of diluted earnings per share for the years ended December 2012, 2011 and 2010. The effect of the conversion of Common OP Units is not reflected in the computation of basic and diluted earnings per share, as they are exchangeable for Common Shares on a one-for-one basis. The income allocable to such units is allocated on this same basis and reflected as noncontrolling interests in the accompanying consolidated financial statements. As such, the assumed conversion of these units would have no net impact on the determination of diluted earnings per share. The conversion of the convertible notes payable (Note 9) is not included in the computation of basic and diluted earnings per share as such conversion, based on the current market price of the Common Shares, would be settled with cash. ACADIA REALTY TRUST AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 20. Earnings Per Common Share, continued
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The entire disclosure for earnings per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
SUMMARY OF QUARTERLY FINANCIAL INFORMATION
|
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2012
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Quarterly Financial Information Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Quarterly Financial Information | Summary of Quarterly Financial Information (unaudited) The quarterly results of operations of the Company for the years ended December 31, 2012 and 2011 are as follows:
ACADIA REALTY TRUST AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 21. Summary of Quarterly Financial Information (unaudited) (continued)
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
COMMITMENTS AND CONTINGENCIES
|
12 Months Ended |
|---|---|
|
Dec. 31, 2012
|
|
| Commitments and Contingencies Disclosure [Abstract] | |
| Commitments and Contingencies | Commitments and Contingencies Under various Federal, state and local laws, ordinances and regulations relating to the protection of the environment, a current or previous owner or operator of real estate may be liable for the cost of removal or remediation of certain hazardous or toxic substances disposed, stored, generated, released, manufactured or discharged from, on, at, under, or in a property. As such, the Company may be potentially liable for costs associated with any potential environmental remediation at any of its formerly or currently owned properties. The Company conducts Phase I environmental reviews with respect to properties it acquires. These reviews include an investigation for the presence of asbestos, underground storage tanks and polychlorinated biphenyls (PCBs). Although such reviews are intended to evaluate the environmental condition of the subject property as well as surrounding properties, there can be no assurance that the review conducted by the Company will be adequate to identify environmental or other problems that may exist. Where a Phase II assessment is so recommended, a Phase II assessment is conducted to further determine the extent of possible environmental contamination. In all instances where a Phase I or II assessment has resulted in specific recommendations for remedial actions, the Company has either taken or scheduled the recommended remedial action. To mitigate unknown risks, the Company has obtained environmental insurance for most of its properties, which covers only unknown environmental risks. The Company believes that it is in compliance in all material respects with all Federal, state and local ordinances and regulations regarding hazardous or toxic substances. Management is not aware of any environmental liability that it believes would have a material adverse impact on the Company’s financial position or results of operations. Management is unaware of any instances in which the Company would incur significant environmental costs if any or all properties were sold, disposed of or abandoned. However, there can be no assurance that any such non-compliance, liability, claim or expenditure will not arise in the future. The Company is involved in various matters of litigation arising in the normal course of business. While the Company is unable to predict with certainty the amounts involved, the Company’s management and counsel are of the opinion that, when such litigation is resolved, the Company’s resulting liability, if any, will not have a significant effect on the Company’s consolidated financial position, results of operations, or liquidity. The Company's policy is to accrue legal expenses as they are incurred. ACADIA REALTY TRUST AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 22. Commitments and Contingencies (continued) In September 2008, the Company, certain of its subsidiaries, and other unrelated entities (the “Investor Consortium”) were named as defendants in an adversary proceeding brought by Mervyns LLC (“Mervyns”) in the United States Bankruptcy Court for the District of Delaware. The action involved five claims alleging fraudulent transfers in which Mervyns was nominally seeking approximately $1.175 billion in damages from the Investor Consortium, although the actual claims made by the administrator and the unsecured creditors were substantially less. The first claim contended that, at the time of the sale of Mervyns by Target Corporation ("Target") to the Investor Consortium, a transfer of assets was made in an effort to defraud creditors. The Company believed that this aspect of the case is without merit. The remaining four claims related to transfers of assets of Mervyns at various times after the sale by Target. The Company believed that there were substantial defenses to these claims. During the third quarter of 2012, the parties to this litigation arrived at an agreement to settle the claim. The settlement was approved by the bankruptcy court and provided for a payment of $166.0 million. Based on the defendants' agreement, the net cost of the settlement to the Investor Consortium amounted to approximately $149.0 million. After applying cash on hand at the investee level, Mervyns I and Mervyns II's combined contribution to this settlement was approximately $1.0 million. In addition, the Company reduced its carrying value of these investments from $6.3 million to its fair value of $5.3 million. In total, this resulted in a charge of $2.0 million during the year ended December 31, 2012, of which the Operating Partnership's share, net of income taxes, was $0.2 million. During August 2009, the Company terminated the employment of a former Senior Vice President (the “Former Employee”) for engaging in conduct that fell within the definition of “cause” in his severance agreement with the Company. Had the Former Employee not been terminated for “cause,” he would have been eligible to receive approximately $0.9 million under the severance agreement. Because the Company terminated him for “cause,” it did not pay the Former Employee any severance benefits under the agreement. The Former Employee has brought a lawsuit against the Company in New York State Supreme Court, alleging breach of the severance agreement. The suit is in the pre-trial discovery stage. The Company believes it has meritorious defenses to the suit. |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The entire disclosure for commitments and contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
SUBSEQUENT EVENTS
|
12 Months Ended |
|---|---|
|
Dec. 31, 2012
|
|
| Subsequent Events [Abstract] | |
| Subsequent Events | Subsequent Events During January 2013, the Company closed on a new $150 million unsecured credit facility. This revolving facility replaced the $64.5 million secured credit facility that has matured. The new credit facility matures on January 31, 2016 with an additional one-year extension option. During January 2013, Fund III received $2.5 million, representing the reimbursement of costs and accrued interest, relating to a project that was previously fully impaired for financial reporting purposes. This will be recognized as income during 2013. During February 2013, Fund III acquired a property on Nostrand Avenue located in Brooklyn, New York for $19.0 million. In connection with this acquisition, we received repayment of an $18.5 million note receivable. In addition, as part of this transaction, Fund III closed on a new mortgage loan for $16.0 million. The new loan bears interest at LIBOR plus 265 basis points and matures on February 1, 2016 with two one-year extension options. During February 2013, the Board of Trustees declared a cash dividend for the quarter ended March 31, 2013 of $0.21 per Common Share, which is payable on April 15, 2013 to holders of record as of March 29, 2013. The effective date for record holders is March 28, 2013. |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
|
|
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
|
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2012
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Real Estate and Accumulated Depreciation Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Real Estate and Accumulated Depreciation | SCHEDULE III-REAL ESTATE AND ACCUMULATED DEPRECIATION December 31, 2012
1. Depreciation on buildings and improvements reflected in the consolidated statements of income is calculated over the estimated useful life of the assets as follows: Buildings: 30 to 40 years Improvements: Shorter of lease term or useful life 2. The aggregate gross cost of property included above for Federal income tax purposes was $1,347.0 million as of December 31, 2012 3. (a) Reconciliation of Real Estate Properties: The following table reconciles the real estate properties from January 1, 2010 to December 31, 2012:
3. (b) Reconciliation of Accumulated Depreciation: The following table reconciles accumulated depreciation from January 1, 2010 to December 31, 2012:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The entire disclosure for real estate and accumulated depreciation. This may include a schedule that describes the property and lists the initial cost of land, buildings and improvements, improvements and carrying costs capitalized after acquisition, and the total carrying cost for land, buildings and improvements for each property and in aggregate. The schedule also lists the accumulated depreciation for each property and in aggregate, the date each property was constructed and acquired, the useful life used to calculate depreciation and any encumbrances on the properties. The entity provides a reconciliation of the carrying amount of real estate from the beginning of the period to the end of the period. Any real estate investments that have been written down or reserved against are described, including the basis of the write-down. A material amount of intercompany profit in the total carrying amount of real estate is disclosed. The aggregate cost of all real estate investments for federal income tax purposes is also disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Organization, Consolidation and Presentation of Financial Statements (Policies)
|
12 Months Ended |
|---|---|
|
Dec. 31, 2012
|
|
| Organization, Basis of Presentation and Summary of Significant Accounting Policies [Abstract] | |
| Consolidation, Policy [Policy Text Block] | Principles of Consolidation The consolidated financial statements include the consolidated accounts of the Company and its controlling investments in partnerships and limited liability companies in which the Company has control in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 810 “Consolidation” (“ASC Topic 810”). The ownership interests of other investors in these entities are recorded as noncontrolling interests. All significant intercompany balances and transactions have been eliminated in consolidation. Investments in entities for which the Company has the ability to exercise significant influence over, but does not have financial or operating control, are accounted for using the equity method of accounting. Accordingly, the Company’s share of the earnings (or losses) of these entities are included in consolidated net income. Variable interest entities are accounted for within the scope of ASC Topic 810 and are required to be consolidated by their primary beneficiary. The primary beneficiary of a variable interest entity is the enterprise that has the power to direct the activities that most significantly impact the variable interest entity’s economic performance and the obligation to absorb losses or the right to receive benefits of the variable interest entity that could be significant to the variable interest entity. Management has evaluated the applicability of ASC Topic 810 to its investments in certain joint ventures and determined that these joint ventures are not variable interest entities or that the Company is not the primary beneficiary and, therefore, consolidation of these ventures is not required. These investments are accounted for using the equity method of accounting. |
| Investments in and Advances to Unconsolidated Joint Ventures, Policy [Policy Text Block] | Investments in and Advances to Unconsolidated Joint Ventures The Company primarily accounts for its investments in unconsolidated joint ventures using the equity method as it does not exercise control over significant asset decisions such as buying, selling or financing nor is it the primary beneficiary under ASC Topic 810, as discussed above in most of these investments. The Company does have significant influence over most of these investments, which requires equity method accounting. Under the equity method, the Company increases its investment for its proportionate share of net income and contributions to the joint venture and decreases its investment balance by recording its proportionate share of net loss and distributions. The Company accounts for some of its investments under the cost method. Due to its minor ownership of three investments as well as the terms of the underlying operating agreements, the Company has no influence over such entities' operating and financial policies. Other than the minority investor rights to which the Company is entitled pursuant to statute, it has no rights other than to receive its pro-rata share of cash distributions as declared by the managers of these investments. The Company has no rights with respect to the control and operation of these investments vehicles, nor with the formulation and execution of business and investment policies. The Company recognizes income for distributions in excess of its investment where there is no recourse to the Company. For investments in which there is recourse to the Company, distributions in excess of the investment are recorded as a liability. Although the Company accounts for its investment in Albertson’s (Note 4) under the equity method of accounting, the Company adopted the policy of not recording its equity in earnings or losses of this unconsolidated affiliate until it receives the audited financial statements of Albertson’s to support the equity earnings or losses in accordance with ASC Topic 323, “Investments – Equity Method and Joint Ventures.” The Company periodically reviews its investment in unconsolidated joint ventures for other-than-temporary losses in investment value. Any decline that is not expected to be recovered is considered other than temporary and an impairment charge is recorded as a reduction in the carrying value of the investment. During 2012, the Company recorded an impairment charge of $2.0 million in connection with the estimated fair value in its investment in Mervyns. During the years ended December 31, 2011 and 2010, there were no impairment charges related to the Company’s investment in unconsolidated joint ventures. |
| Use of Estimates, Policy [Policy Text Block] | Use of Estimates Accounting principles generally accepted in the United States of America (“GAAP”) require the Company’s management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. The most significant assumptions and estimates relate to the valuation of real estate, depreciable lives, revenue recognition and the collectability of notes receivable and rents receivable. Application of these estimates and assumptions requires the exercise of judgment as to future uncertainties and, as a result, actual results could differ from these estimates. |
| Real Estate, Policy [Policy Text Block] | Real Estate Real estate assets are stated at cost less accumulated depreciation. Construction in progress includes costs for significant property expansion and redevelopment. Depreciation is computed on the straight-line basis over estimated useful lives of 30 to ACADIA REALTY TRUST AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 1. Organization, Basis of Presentation and Summary of Significant Accounting Policies, continued Real Estate, continued 40 years for buildings, the shorter of the useful life or lease term for tenant improvements and five years for furniture, fixtures and equipment. Expenditures for maintenance and repairs are charged to operations as incurred. Upon acquisitions of real estate, the Company assesses the fair value of acquired assets and assumed liabilities (including land, buildings and improvements, and identified intangibles such as above and below market leases and acquired in-place leases and customer relationships) and acquired liabilities in accordance with ASC Topic 805 “Business Combinations” and ASC Topic 350 “Intangibles – Goodwill and Other,” and allocates the acquisition price based on these assessments. Fixed-rate renewal options have been included in the calculation of the fair value of acquired leases where applicable. To the extent there were fixed-rate options at below-market rental rates, the Company included these along with the current term below-market rent in arriving at the fair value of the acquired leases. The discounted difference between contract and market rents is being amortized over the remaining applicable lease term, inclusive of any option periods. The Company assesses fair value based on estimated cash flow projections that utilize appropriate discount and capitalization rates and available market information. Estimates of future cash flows are based on a number of factors including the historical operating results, known trends, and market/economic conditions that may affect the property. The Company capitalizes certain costs related to the development and redevelopment of real estate including pre-construction costs, interest, real estate taxes, insurance, construction costs and salaries and related costs of personnel directly involved with the specific project. Additionally, the Company capitalizes interest costs related to development and redevelopment activities. Capitalization of these costs begin when the activities and related expenditures commence, and cease when the property is held available for occupancy upon substantial completion of tenant improvements, but no later than one year from the completion of major construction activity at which time the project is placed in service and depreciation commences. The Company reviews its long-lived assets for impairment when there is an event or a change in circumstances that indicates that the carrying amount may not be recoverable. The Company measures and records impairment losses and reduces the carrying value of properties when indicators of impairment are present and the expected undiscounted cash flows related to those properties are less than their carrying amounts. In cases where the Company does not expect to recover its carrying costs on properties held for use, the Company reduces its carrying costs to fair value, and for properties held for sale, the Company reduces its carrying value to the fair value less costs to sell. During the year ended December 31, 2011, the Company determined that the value of the Granville Centre owned by Fund I was impaired. Accordingly, an impairment loss of $6.9 million was recorded, of which the Operating Partnership's share was $1.5 million. During the years ended December 31, 2012, and 2010, no impairment charges were recorded. Management does not believe that the values of its properties within the portfolio are impaired as of December 31, 2012. |
| Sale of Real Estate, Policy [Policy Text Block] | The Company recognizes property sales in accordance with ASC Topic 970 “Real Estate.” The Company generally records the sales of operating properties and outparcels using the full accrual method at closing when the earnings process is deemed to be complete. Sales not qualifying for full recognition at the time of sale are accounted for under other appropriate deferral methods. |
| Real Estate Held for Development and Sale, Policy [Policy Text Block] | The Company evaluates the held-for-sale classification of its real estate each quarter. Assets that are classified as held for sale are recorded at the lower of their carrying amount or fair value less cost to sell. Assets are generally classified as held for sale once management has initiated an active program to market them for sale and has received a firm purchase commitment. The results of operations of these real estate properties are reflected as discontinued operations in all periods presented. On occasion, the Company will receive unsolicited offers from third parties to buy individual Company properties. Under these circumstances, the Company will classify the properties as held for sale when a sales contract is executed with no contingencies and the prospective buyer has funds at risk to ensure performance. |
| Involuntary Conversion of Asset, Policy [Policy Text Block] | Involuntary Conversion of Asset The Company experienced significant flooding resulting in extensive damage to one of its properties during September 2011. Costs related to the clean-up and redevelopment were insured for an amount sufficient that would allow for full restoration of the property. Loss of rents during the redevelopment were covered by business interruption insurance subject to a $0.1 million deductible. ACADIA REALTY TRUST AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 1. Organization, Basis of Presentation and Summary of Significant Accounting Policies, continued Involuntary Conversion of Asset, continued In accordance with ASC Topic 360 “Property, Plant and Equipment” and as a result of the above-described property damage, the Company had recorded a write-down of the asset's carrying value of approximately $1.4 million, as well as an insurance recovery in the same amount that is included in Prepaid Expenses and Other Assets in the accompanying consolidated balance sheets as of December 31, 2011. The Company also provided a $0.1 million provision in the 2011 consolidated statement of income for its exposure to the insurance deductible attributable to the loss of rents. During the years ended December 31, 2012 and 2011, the Company received insurance proceeds of approximately $3.7 million and $6.9 million, respectively. The Company recognized a gain on involuntary conversion of $2.4 million as these proceeds exceeded the asset's net basis. |
| Deferred Costs, Policy [Policy Text Block] | Deferred Costs Fees and costs paid in the successful negotiation of leases are deferred and amortized on a straight-line basis over the terms of the respective leases. Fees and costs incurred in connection with obtaining financing are deferred and amortized over the term of the related debt obligation. The Company capitalizes salaries, commissions and benefits related to time spent by leasing and legal department personnel involved in originating leases. |
| Management Contracts, Policy [Policy Text Block] | Management Contracts Income from management contracts is recognized on an accrual basis as such fees are earned. The initial acquisition costs of any management contracts are amortized over the estimated lives of the contracts acquired. |
| Revenue Recognition and Accounts Receivable, Policy [Policy Text Block] | Revenue Recognition and Accounts Receivable Leases with tenants are accounted for as operating leases. Minimum rents are recognized, net of any rent concessions or tenant lease incentives, including free rent, on a straight-line basis over the term of the respective leases, beginning when the tenant is entitled to take possession of the space. As of December 31, 2012 and 2011, included in Rents Receivable, net on the accompanying consolidated balance sheets are unbilled rents receivable relating to the straight-lining of rents of $25.7 million and $22.8 million, respectively. Certain of these leases also provide for percentage rents based upon the level of sales achieved by the tenant. Percentage rent is recognized in the period when the tenants’ sales breakpoint is met. In addition, leases typically provide for the reimbursement to the Company of real estate taxes, insurance and other property operating expenses. These reimbursements are recognized as revenue in the period the related expenses are incurred. The Company makes estimates of the uncollectability of its accounts receivable related to tenant revenues. An allowance for doubtful accounts has been provided against certain tenant accounts receivable that are estimated to be uncollectible. Once the amount is ultimately deemed to be uncollectible, it is written off. Rents receivable at December 31, 2012 and 2011 are shown net of an allowance for doubtful accounts of $6.1 million and $5.3 million, respectively. |
| Notes Receivable and Preferred Equity Investments, Policy [Policy Text Block] | Notes Receivable Notes receivable are intended to be held to maturity and are carried at amortized cost. Interest income from notes receivable are recognized on the effective interest method over the expected life of the loan. Under the effective interest method, interest or fees collected at the origination of the loan or the payoff of the loan are recognized over the term of the loan as an adjustment to yield. Allowances for real estate notes receivable are established based upon management’s quarterly review of the investments. In performing this review, management considers the estimated net recoverable value of the loan as well as other factors, including the fair value of any collateral, the amount and status of any senior debt, and the prospects for the borrower. Because this determination is based upon projections of future economic events, which are inherently subjective, the amounts ultimately realized from the loans may differ materially from their carrying values at the balance sheet date. Interest income recognition is generally suspended for loans when, in the opinion of management, a full recovery of income and principal becomes doubtful. Income recognition is resumed when the suspended loan becomes contractually current and performance is demonstrated to be resumed. During 2012, the Company provided a $0.4 million net reserve on note receivables as a result of changes in the value of the underlying collateral properties. |
| Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. Cash and cash equivalents are maintained at financial institutions and, at times, balances may exceed the federally insured limit by the Federal Deposit Insurance Corporation. The Company has never experienced any losses related to these balances. |
| Restricted Cash and Cash in Escrow, Policy [Policy Text Block] | Restricted Cash and Cash in Escrow Restricted cash and cash in escrow consist principally of cash held for real estate taxes, construction costs, property maintenance, insurance, minimum occupancy and property operating income requirements at specific properties as required by certain loan agreements. |
| Income Tax, Policy [Policy Text Block] | Income Taxes The Company has made an election to be taxed, and believes it qualifies, as a REIT under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the “Code”). To maintain REIT status for Federal income tax purposes, the Company is generally required to distribute at least 90% of its REIT taxable income to its shareholders as well as comply with certain other income, asset and organizational requirements as defined in the Code. Accordingly, the Company is generally not subject to Federal corporate income tax to the extent that it distributes 100% of its REIT taxable income each year. Although it may qualify for REIT status for Federal income tax purposes, the Company is subject to state income or franchise taxes in certain states in which some of its properties are located. In addition, taxable income from non-REIT activities managed through the Company’s taxable REIT subsidiaries (“TRS”) is fully subject to Federal, state and local income taxes. The Company accounts for TRS income taxes under the liability method as required by ASC Topic 740, “Income Taxes.” Under the liability method, deferred income taxes are recognized for the temporary differences between the GAAP basis and tax basis of the TRS income, assets and liabilities. In accordance with ASC Topic 740, the Company believes that it has appropriate support for the income tax positions taken and, as such, does not have any uncertain tax positions that, if successfully challenged, could result in a material impact on the Company's financial position or results of operation. The prior three years' income tax returns are subject to review by the Internal Revenue Service. The Company recognizes potential interest and penalties related to uncertain tax positions as a component of the provision for income taxes. |
| Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | Stock-based Compensation The Company accounts for stock-based compensation pursuant to ASC Topic 718, “Compensation – Stock Compensation.” As such, all equity based awards are reflected as compensation expense in the Company’s consolidated financial statements over their vesting period based on the fair value at the date of grant. |
| Recent Accounting Pronouncements, Policy [Policy Text Block] | Recent Accounting Pronouncements During February 2013, the FASB issued Accounting Standards Update (“ASU”) No. 2013-03, "Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income." ASU 2013-03 requires an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, an entity is required to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income but only if the amount reclassified is required under U.S. GAAP to be reclassified to net income in its entirety in the same reporting period. ASU is effective prospectively for reporting periods beginning after December 15, 2012. The adoption of ASU 2013-03 is not expected to have a material impact on the Company's financial condition or results of operations. During April 2011, the FASB issued ASU No. 2011-02, “A Creditor's Determination of Whether a Restructuring Is a Troubled Debt Restructuring.” ASU 2011-02 requires a creditor to evaluate whether a restructuring constitutes a troubled debt restructuring by concluding that the restructuring constitutes a concession and that the debtor is experiencing financial difficulties and was effective for the first interim or annual period beginning on or after June 15, 2011. The adoption of ASU 2011-02 did not have a material impact on the Company's financial condition or results of operations. ACADIA REALTY TRUST AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 1. Organization, Basis of Presentation and Summary of Significant Accounting Policies, continued Recent Accounting Pronouncements, continued During May 2011, the FASB issued ASU No. 2011-04, “Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs.” ASU No. 2011-04 amended ASC 820, Fair Value Measurements and Disclosures, to converge the fair value measurement guidance in GAAP and International Financial Reporting Standards (“IFRS”). The amendments, which primarily require additional fair value disclosure, are to be applied prospectively. ASU 2011-04 is effective for interim and annual periods beginning after December 15, 2011. The adoption of ASU No. 2011-04 did not have a material impact on the Company's financial condition or results of operations. During June 2011, the FASB issued ASU No. 2011-05, “Presentation of Comprehensive Income,” which revises the manner in which companies present comprehensive income. Under ASU No. 2011-05, companies may present comprehensive income, which is net income adjusted for the components of other comprehensive income, either in a single continuous statement of comprehensive income or by using two separate but consecutive statements. Regardless of the alternative chosen, companies must display adjustments for items reclassified from other comprehensive income into net income within the presentation of both net income and other comprehensive income. ASU 2011-05 is effective for interim and annual periods beginning after December 15, 2011, on a retrospective basis. The Company adopted ASU 2011-05 as of December 31, 2011 and the adoption did not have a material impact on the Company's financial condition or results of operations. During December 2011, the FASB issued ASU No. 2011-10, “Property, Plant and Equipment (Topic 360): Derecognition of In substance Real Estate - a Scope Clarification" which clarifies current guidance found in ASC Topic 810 as to how to account when a reporting entity ceases to have a controlling financial interest in a subsidiary that is in substance real estate as a result of default on the subsidiary's nonrecourse debt. ASU No. 2011-10 is effective for fiscal years, and interim periods within those years, beginning on or after June 15, 2012. The adoption of ASU No. 2011-10 is not expected to have a material impact on the Company's financial condition or results of operations. |
| X | ||||||||||
|
- Definition
Involuntary Conversion of Asset [Policy Text Block] No definition available.
|
| X | ||||||||||
|
- Definition
Management Contracts [Policy Text Block] No definition available.
|
| X | ||||||||||
|
- Definition
Notes Receivable and Preferred Equity Investments [Policy Text Block] No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Revenue Recognition and Accounts Receivable [Policy Text Block] No definition available.
|
| X | ||||||||||
|
- Definition
Sale of Real Estate [Policy Text Block] No definition available.
|
| X | ||||||||||
|
- Definition
Entity's cash and cash equivalents accounting policy with respect to restricted balances. Restrictions may include legally restricted deposits held as compensating balances against short-term borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Disclosure of accounting policy for cash and cash equivalents with respect to unrestricted balances. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Disclosure of accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example, common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting. The accounting policy may also address the accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Disclosure of accounting policy for deferral and amortization of significant deferred charges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Disclosure of accounting policy for the equity method of accounting for investments in common stock or other interests including unconsolidated subsidiaries, corporate joint ventures, noncontrolling interests in real estate ventures, limited partnerships, and limited liability companies. The accounting policy may include information such as: (1) initially recording an investment in the stock of an investee at cost; (2) adjusting the carrying amount of the investment to recognize the investor's share of the earnings or losses of the investee after the date of acquisition; and (3) adjustments to reflect the investor's share of changes in the investee's capital (dividends). This disclosure may also include a detailed description of the policy for determining the amount of equity method losses recognized after an investment has been reduced to zero as a result of previous losses, reasons for not using the equity method when the investor company owns 20 percent or more of the voting stock of the investee's company (including identification of the significant investee), reasons for using the equity method when the ownership percentage is less than 20 percent, and discussion of recognition of equity method losses when an investor's total investment in an investee includes, in addition to an investment in common stock, other investments such as preferred stock and loans to the investee. An entity also may describe how such investments are assessed for impairment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Disclosure of the adoption of new accounting pronouncements that may impact the entity's financial reporting. No definition available.
|
| X | ||||||||||
|
- Definition
Disclosure of accounting policy for real estate held for development or sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Disclosure of accounting policy for entities that primarily develop and then sell real property at retail or otherwise. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Disclosure of accounting policy for stock option and stock incentive plans. This disclosure may include (1) the types of stock option or incentive plans sponsored by the entity (2) the groups that participate in (or are covered by) each plan (3) significant plan provisions and (4) how stock compensation is measured, and the methodologies and significant assumptions used to determine that measurement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
ACQUISITION AND DISPOSITION OF PROPERTIES AND DISCONTINUED OPERATIONS (Tables)
|
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2012
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Acquisition and Disposition of Properties and Discontinued Operations [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Business Acquisitions, by Acquisition [Table Text Block] | During 2012, the Company acquired the following properties through its Core Portfolio and Opportunity Funds as follows: Core Portfolio
Fund IV
Fund III
Notes: (1) Acquisition of land which is not treated as a business combination in accordance with ASC Topic 805. (2) Fund III obtained a deed in lieu of foreclosure on an undeveloped property encumbered by the Fund's $10.0 million first mortgage loan which originated in September 2008. The $12,386 includes the first mortgage loan along with accrued interest. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Purchase Price Allocation [Table Text Block] | : ACADIA REALTY TRUST AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 2. Acquisition and Disposition of Properties and Discontinued Operations, continued
The following table summarizes the preliminary allocation of the purchase price of properties as recorded as of December 31, 2011, and the finalized allocation of the purchase price as adjusted as of December 31, 2012:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule Of Property Dispositions [Table Text Block] | During 2012, there were no Core Portfolio dispositions. The Opportunity Funds disposed of the following properties:
Note: (1) This property was accounted for as an unconsolidated investment. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block] | The combined assets and liabilities as of December 31, 2012 and 2011, and the results of operations of the properties classified as discontinued operations for the years ended December 31, 2012, 2011 and 2010, are summarized as follows:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Schedule Of Property Dispositions [Table Text Block] No definition available.
|
| X | ||||||||||
|
- Definition
Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Tabular disclosure of all of the fair values of the purchase price and assets and liabilities acquired in a business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
SEGMENT REPORTING (Tables)
|
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2012
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Segment Reporting [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Reconciliation of Certain Segment Information from Segments to Consolidated [Table Text Block] | 2012
ACADIA REALTY TRUST AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 3. Segment Reporting, continued 2011
ACADIA REALTY TRUST AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 3. Segment Reporting, continued 2010
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Definition
Reconciliation of Certain Segment Information from Segments to Consolidated [Table Text Block] No definition available.
|
| X | ||||||||||
|
- Details
|
|
INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED AFFILIATES (Tables)
|
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2012
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity Method Investments and Joint Ventures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Equity Method Investments [Table Text Block] | The following table summarizes activity related to the RCP Venture investments from inception through December 31, 2012:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Noncontrolling Interest In Individual Investee [Table Text Block] | The Acadia Investors have non-controlling interests in the individual investee LLC’s as follows:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Condensed Balance Sheet [Table Text Block] | The following combined and condensed Balance Sheets and Statements of Operations, in each period, summarize the financial information of the Company’s investments in unconsolidated affiliates. Summary of Investments in Unconsolidated Affiliates, continued
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Condensed Income Statement [Table Text Block] |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Definition
Schedule of Noncontrolling Interest In Individual Investee [Table Text Block] No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Tabular disclosure of equity method investments in common stock. The disclosure may include: (a) the name of each investee or group of investments for which combined disclosure is appropriate, (2) the percentage ownership of common stock, (3) the difference, if any, between the carrying amount of an investment and the value of the underlying equity in the net assets and the accounting treatment of difference, if any, and (4) the aggregate value of each identified investment based on its quoted market price, if available. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Tabular disclosure of a condensed balance sheet. Disclosure may include, but is not limited to, balance sheets of consolidated entities and consolidation eliminations. No definition available.
|
| X | ||||||||||
|
- Definition
Tabular disclosure of a condensed income statement. Disclosure may include, but is not limited to, income statements of consolidated entities and consolidation eliminations. No definition available.
|
|
NOTES RECEIVABLE AND PREFERRED EQUITY INVESTMENT (Tables)
|
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2012
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Mortgage Loans on Real Estate [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Notes Receivable | Notes receivable were as follows at December 31, 2012: ACADIA REALTY TRUST AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 5. Notes Receivable and Other Real Estate Related Investments, continued
Notes:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Notes Receivable and Preferred Equity Investments Reconciliation | The following table reconciles notes receivable investments from January 1, 2010 to December 31, 2012:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Allowance for Credit Losses on Notes Receivable | The following table reconciles the allowance for notes receivable from December 31, 2010 to December 31, 2012:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Definition
Notes Receivable and Preferred Equity Investments Reconciliation [Table Text Block] No definition available.
|
| X | ||||||||||
|
- Definition
Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
DEFERRED CHARGES (Tables)
|
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2012
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block] | Deferred charges consist of the following as of December 31, 2012 and 2011:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Tabular disclosure of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer; the aggregate carrying amount of current assets, not separately presented elsewhere in the balance sheet; and other deferred costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
ACQUIRED LEASE INTANGIBLES (Tables)
|
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2012
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill and Intangible Assets Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Amortization of Acquired Lease Intangible Assets and Liabilities [Table Text Block] | The scheduled amortization of acquired lease intangible assets and liabilities as of December 31, 2012 is as follows:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Tabular disclosure of the estimated aggregate amortization expense for intangible assets subject to amortization for each of the five succeeding fiscal years. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
MORTGAGES PAYABLE (Tables)
|
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2012
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Mortgage Loans on Real Estate [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Mortgage Loan Activity [Table Text Block] | The following table reflects mortgage loan activity for the year ended December 31, 2012:
Notes: (1) - Loan was amended from $50.0 million to $74.0 million. (2) - Loan was amended from $56.5 million to $69.6 million. (3) - The Company entered into a $20.0 million loan under the New Markets Tax Credit program to finance the construction of this property. Of the total principal, $14.8 million is due to an affiliate included in the consolidated group which has been netted on the accompanying balance sheet and the resulting $5.2 million is included in Mortgages Payable in the accompanying consolidated balance sheet at December 31, 2012. (4) - As of December 31, 2012 no funds have been drawn down on this construction loan. |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Line of Credit Facilities [Table Text Block] | The following table sets forth certain information pertaining to our secured credit facilities as of December 31, 2012:
Note: (1) - Subsequent to December 31, 2012, the Company closed on a new $150.0 million unsecured credit facility, which replaced this maturing secured credit facility. |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Debt [Table Text Block] | ACADIA REALTY TRUST AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 8. Mortgages Payable, continued The following table summarizes the Company’s mortgage and other secured indebtedness as of December 31, 2012 and December 31, 2011:
ACADIA REALTY TRUST AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 8. Mortgages Payable, continued
Notes:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Maturities of Long-term Debt [Table Text Block] | The scheduled principal repayments of all indebtedness, including Convertible Notes (Note 9), as of December 31, 2012 are as follows (does not include $107,000 net valuation discount on assumption of debt):
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Definition
Mortgage Loan Activity [Table Text Block] No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. No definition available.
|
| X | ||||||||||
|
- Definition
Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)
|
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2012
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | The following table presents the Company’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of December 31, 2012:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value, by Balance Sheet Grouping [Table Text Block] | The Company has determined the estimated fair values of the following financial instruments by discounting future cash flows utilizing a discount rate equivalent to the rate at which similar financial instruments would be originated at the reporting date:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Definition
Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
SHAREHOLDERS' EQUITY AND NONCONTROLLING INTERESTS (Tables)
|
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2012
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Change in Noncontrolling Interests [Table Text Block] |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Definition
Change in Noncontrolling Interests [Table Text Block] No definition available.
|
| X | ||||||||||
|
- Details
|
|
TENANT LEASES (Tables)
|
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2012
|
|||||||||||||||||||||||||||||||||||||||||||||
| Leases [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Future Minimum Rental Payments Receivable for Operating Leases [Table Text Block] | Minimum future rentals to be received under non-cancelable leases for shopping centers and other retail properties as of December 31, 2012 are summarized as follows:
|
||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Definition
Schedule of Future Minimum Rental Payments Receivable for Operating Leases [Table Text Block] No definition available.
|
| X | ||||||||||
|
- Details
|
|
LEASE OBLIGATIONS (Tables)
|
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2012
|
|||||||||||||||||||||||||||||||||||||||||||||
| Leases [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] | Future minimum rental payments required for leases having remaining non-cancelable lease terms are as follows:
|
||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
SHARE INCENTIVE PLAN (Tables)
|
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2012
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Share Incentive Plan [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | A summary of option activity under all option arrangements as of December 31, 2012 and 2011, and changes during the years then ended, is presented below: ACADIA REALTY TRUST AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 15. Share Incentive Plan, continued
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Unvested Restricted Shares and LTIP Units [Table Text Block] | A summary of the status of the Company’s unvested Restricted Shares and LTIP Units as of December 31, 2012 and 2011 and changes during the years then ended is presented below: ACADIA REALTY TRUST AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 15. Share Incentive Plan, continued
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Definition
Schedule of Unvested Restricted Shares and LTIP Units [Table Text Block] No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
FEDERAL INCOME TAXES (Tables)
|
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2012
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Income Tax Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Tax Status of Dividends [Table Text Block] | The Company has determined that the cash distributed to the shareholders is characterized as follows for Federal income tax purposes:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of TRS Income and Provision for Income Taxes [Table Text Block] | The Company’s TRS income and provision for income taxes for the years ended December 31, 2012, 2011 and 2010 are summarized as follows:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | The income tax provision differs from the amount computed by applying the statutory federal income tax rate to income before income taxes as follows (not adjusted for temporary book/tax differences):
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Definition
Schedule of Tax Status of Dividends [Table Text Block] No definition available.
|
| X | ||||||||||
|
- Definition
Schedule of TRS Income and Provision for Income Taxes [Table Text Block] No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
EARNINGS PER COMMON SHARE (Tables)
|
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2012
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Earnings Per Share [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Tabular disclosure of an entity's basic and diluted earnings per share calculations. No definition available.
|
|
SUMMARY OF QUARTERLY FINANCIAL INFORMATION (Tables)
|
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2012
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Quarterly Financial Information Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Quarterly Financial Information [Table Text Block] | The quarterly results of operations of the Company for the years ended December 31, 2012 and 2011 are as follows:
ACADIA REALTY TRUST AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 21. Summary of Quarterly Financial Information (unaudited) (continued)
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Business Interruption Insurance Deductible No definition available.
|
| X | ||||||||||
|
- Definition
Gain (Loss) On Involuntary Asset Conversion No definition available.
|
| X | ||||||||||
|
- Definition
General Partners', Committed Capital No definition available.
|
| X | ||||||||||
|
- Definition
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Share of Capital No definition available.
|
| X | ||||||||||
|
- Definition
Limited Liability Company Llc Or Limited Partnership Lp Members Or Limited Partners, Preferred Return No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Proceeds From Insurance Settlement, Other Investing Activities No definition available.
|
| X | ||||||||||
|
- Definition
Properties Owned Percentage No definition available.
|
| X | ||||||||||
|
- Definition
Provision for Insurance Deductible Attributable to Loss of Rents No definition available.
|
| X | ||||||||||
|
- Definition
Remaining Funds Rate of Distribution to All Partners No definition available.
|
| X | ||||||||||
|
- Definition
Remaining Funds Rate of Distribution to Partnership No definition available.
|
| X | ||||||||||
|
- Definition
Required Distribution Rate to Maintain REIT Status No definition available.
|
| X | ||||||||||
|
- Definition
For an unclassified balance sheet, a valuation allowance for receivables due a company that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cumulative difference between the rental payments required by a lease agreement and the rental income or expense recognized on a straight-line basis, or other systematic and rational basis more representative of the time pattern in which use or benefit is granted or derived from the leased property, expected to be recognized in income or expense over the term of the leased property, by the lessor or lessee, respectively. Such receivable is reduced by allowances attributable to, for instance, credit risk associated with a lessee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
A valuation allowance for financing receivables that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of capital contributed by the general partner. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The charge against earnings in the period to reduce the carrying amount of real property to fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of units or percentage investment held by the managing member or general partner of the LLC or LP. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of real estate properties owned as of the balance sheet date. No definition available.
|
| X | ||||||||||
|
- Definition
Total contributions made by each class of partners (i.e., general, limited and preferred partners). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Total distributions to each class of partners (i.e., general, limited and preferred partners). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow from the amounts received by the insured under the terms of an insurance contract settlement. This element pertains only to insurance proceeds related to investments, for example fixed assets. It excludes insurance settlements classified as operating cash flows. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Useful life of long lived, physical assets used in the normal conduct of business and not intended for resale, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Examples include, but not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. No definition available.
|
|
ACQUISITION AND DISPOSITION OF PROPERTIES AND DISCONTINUED OPERATIONS Acquisitions (Details) (USD $)
|
12 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2012
sqft
|
Dec. 31, 2012
Acquisitions in 2012 [Member]
Purchase Price As Originally Reported [Member]
|
Dec. 31, 2012
Acquisitions in 2012 [Member]
Finalized Purchase Price Allocation, Adjustment [Member]
|
Dec. 31, 2012
Acquisitions in 2012 [Member]
Finalized Purchase Price Allocation [Member]
|
Dec. 31, 2012
Acquisitions in 2012 [Member]
Preliminary Purchase Price Allocation [Member]
|
Dec. 31, 2011
Acquisitions in 2011 [Member]
Finalized Purchase Price Allocation [Member]
|
Dec. 31, 2011
Acquisitions in 2011 [Member]
Preliminary Purchase Price Allocation [Member]
|
Dec. 31, 2012
Core Portfolio [Member]
sqft
|
Dec. 31, 2012
Core Portfolio [Member]
1520 North Milwaukee Avenue [Member]
Chicago Illinois [Member]
sqft
|
Dec. 31, 2012
Core Portfolio [Member]
River Street [Member]
Cambridge Massachusetts [Member]
sqft
|
Dec. 31, 2012
Core Portfolio [Member]
Chicago Street Retail Portfolio [Member]
Chicago Illinois [Member]
sqft
|
Dec. 31, 2012
Core Portfolio [Member]
930 Rush Street [Member]
Chicago Illinois [Member]
sqft
|
Dec. 31, 2012
Core Portfolio [Member]
28 Jericho Turnpike [Member]
Westbury, New York [Member]
sqft
|
Dec. 31, 2012
Core Portfolio [Member]
Rhode Island Shopping Center [Member]
Washington, D.C. [Member]
sqft
|
Dec. 31, 2012
Core Portfolio [Member]
83 Spring Street [Member]
New York New York [Member]
sqft
|
Dec. 31, 2012
Core Portfolio [Member]
60 Orange Street [Member]
Bloomfield, New Jersey [Member]
sqft
|
Dec. 31, 2012
Core Portfolio [Member]
Chicago Street Retail [Member]
Chicago Illinois [Member]
sqft
|
Dec. 31, 2012
Core Portfolio [Member]
181 Main Street [Member]
West Port, Connecticut [Member]
sqft
|
Dec. 31, 2012
Core Portfolio [Member]
Connecticut Avenue [Member]
Washington, D.C. [Member]
sqft
|
Dec. 31, 2012
Core Portfolio [Member]
639 West Diversey [Member]
Chicago Illinois [Member]
sqft
|
Dec. 31, 2012
Fund III [Member]
sqft
|
Feb. 29, 2012
Fund III [Member]
640 Broadway [Member]
New York New York [Member]
sqft
|
Apr. 30, 2012
Fund III [Member]
Lincoln Park Centre LLC [Member]
Chicago Illinois [Member]
sqft
|
Aug. 31, 2012
Fund III [Member]
Broad Hollow Commons [Member]
Farmingdale, New York [Member]
|
Aug. 31, 2012
Fund III [Member]
Arundel Plaza [Member]
Glen Burnie, Maryland [Member]
sqft
|
Aug. 31, 2012
Fund III [Member]
Cortland Crossing [Member]
Mohegan Lake, New York [Member]
|
Aug. 31, 2012
Fund III [Member]
3104 M Street [Member]
Washington, D.C. [Member]
sqft
|
Dec. 31, 2012
Fund IV [Member]
sqft
|
Dec. 31, 2012
Fund IV [Member]
One Seven Zero One Belmont Avenue [Member]
Catonsville, Maryland [Member]
sqft
|
Dec. 31, 2012
Fund IV [Member]
210 Bowery LLC [Member]
Manhattan, New York [Member]
sqft
|
Dec. 31, 2012
Fund IV [Member]
Lincoln Road [Member]
Miami, Florida [Member]
sqft
|
|||||||
| Business Acquisition [Line Items] | |||||||||||||||||||||||||||||||||||||
| GLA (in square feet) | 398,874 | 509,843 | 3,100 | 53,300 | 42,264 | 2,900 | 96,000 | 57,000 | 4,800 | 129,010 | 42,524 | 14,850 | 42,000 | 22,095 | 378,300 | 45,700 | 62,700 | 265,000 | 4,900 | 121,600.00 | 58,000.00 | 9,200.00 | 54,400.00 | ||||||||||||||
| Percent Owned | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 98.00% | 100.00% | 100.00% | 100.00% | 100.00% | 50.00% | 100.00% | 100.00% | [1],[2] | 90.00% | 100.00% | [1] | 100.00% | 90.00% | 100.00% | 95.00% | ||||||||||||||
| Purchase Price | $ 224,300,000 | $ 3,800,000 | $ 18,900,000 | $ 18,800,000 | $ 20,700,000 | $ 27,300,000 | $ 21,700,000 | $ 11,500,000 | $ 12,500,000 | $ 41,100,000 | $ 14,100,000 | $ 23,200,000 | $ 10,700,000 | $ 107,986,000 | $ 32,500,000 | $ 31,500,000 | $ 12,386,000 | [1],[2] | $ 17,600,000 | $ 11,000,000 | [1] | $ 3,000,000 | $ 151,200,000 | $ 4,700,000 | $ 7,500,000 | $ 139,000,000 | |||||||||||
| Liabilities Incurred | 43,992,000 | 0 | 7,022,000 | 16,029,000 | 0 | 0 | 16,510,000 | 0 | 0 | 0 | 0 | 0 | 4,431,000 | 29,019,000 | 0 | 19,763,000 | 0 | [1],[2] | 9,256,000 | 0 | [1] | 0 | 0 | 0 | 0 | 0 | |||||||||||
| Acquisition Related Costs | 2,100,000 | 2,200,000 | 500,000 | ||||||||||||||||||||||||||||||||||
| Business Acquisition, Purchase Price Allocation [Abstract] | |||||||||||||||||||||||||||||||||||||
| Land | 68,439,000 | 446,000 | 68,885,000 | 86,826,000 | 12,150,000 | 5,438,000 | |||||||||||||||||||||||||||||||
| Buildings and Improvements | 120,010,000 | (2,083,000) | 117,927,000 | 226,650,000 | 11,009,000 | 18,563,000 | |||||||||||||||||||||||||||||||
| Acquisition-related intangible assets (in Acquired lease intangibles, net) | 2,482,000 | 8,830,000 | 11,312,000 | 0 | 1,027,000 | 0 | |||||||||||||||||||||||||||||||
| Acquisition-related intangible liabilities (in Acquired lease and other intangibles, net) | (4,387,000) | (7,267,000) | (11,654,000) | 0 | (185,000) | 0 | |||||||||||||||||||||||||||||||
| Above-below market debt assumed (included in Mortgages payable) | 935,000 | 74,000 | 1,009,000 | 0 | |||||||||||||||||||||||||||||||||
| Total Consideration | $ 187,479,000 | $ 0 | $ 187,479,000 | $ 313,476,000 | $ 24,001,000 | $ 24,001,000 | |||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Definition
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Asset for Above-Below Market Debt Assumed No definition available.
|
| X | ||||||||||
|
- Definition
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Buildings and Improvements No definition available.
|
| X | ||||||||||
|
- Definition
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Liabilities No definition available.
|
| X | ||||||||||
|
- Definition
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Land No definition available.
|
| X | ||||||||||
|
- Definition
Gross Leasable Area No definition available.
|
| X | ||||||||||
|
- Definition
Fair Value of the liabilities incurred by the acquirer to former owners of the acquiree, including the fair value of any contingent consideration. If liabilities transferred as consideration remain within the combined entity after the business combination (for example, because the assets or liabilities were transferred to the acquiree rather than to its former owners), and the acquirer therefore retains control of them; in that situation, the acquirer measures those liabilities at their carrying amounts immediately before the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The total cost of the acquired entity including the cash paid to shareholders of acquired entities, fair value of debt and equity securities issued to shareholders of acquired entities, the fair value of the liabilities assumed, and direct costs of the acquisition. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Percentage of voting equity interests acquired in the business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of identifiable intangible assets recognized as of the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net amount recognized as of the acquisition date for the aggregate identifiable assets acquired in excess of or less than the aggregate liabilities assumed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
ACQUISITION AND DISPOSITION OF PROPERTIES AND DISCONTINUED OPERATIONS Dispositions (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | |||
|---|---|---|---|---|
|
Dec. 31, 2012
sqft
|
||||
| Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||
| Sales Price | $ 445,678 | |||
| Gain (Loss) | 74,605 | |||
| GLA (in square feet) | 398,874.00 | |||
|
White Oak [Member]
|
||||
| Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||
| Sales Price | 13,778 | [1] | ||
| Gain (Loss) | 3,402 | [1] | ||
| GLA (in square feet) | 64,600.00 | [1] | ||
|
Tarrytown Centre [Member]
|
||||
| Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||
| Sales Price | 12,800 | |||
| Gain (Loss) | 2,935 | |||
| GLA (in square feet) | 35,000.00 | |||
|
125 Main Street, Westport [Member]
|
||||
| Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||
| Sales Price | 33,500 | |||
| Gain (Loss) | 5,867 | |||
| GLA (in square feet) | 25,732.00 | |||
|
Canarsie Plaza [Member]
|
||||
| Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||
| Sales Price | 124,000 | |||
| Gain (Loss) | (1,315) | |||
| GLA (in square feet) | 273,542.00 | |||
|
Self Storage Facility [Member]
|
||||
| Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||
| Sales Price | 261,600 | |||
| Gain (Loss) | $ 63,716 | |||
| GLA (in square feet) | 0 | |||
|
||||
| X | ||||||||||
|
- Definition
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Gross No definition available.
|
| X | ||||||||||
|
- Definition
Gross Leasable Area No definition available.
|
| X | ||||||||||
|
- Definition
Proceeds from Sale of Real Estate Held-for-investment, Gross No definition available.
|
| X | ||||||||||
|
- Details
|
|
ACQUISITION AND DISPOSITION OF PROPERTIES AND DISCONTINUED OPERATIONS Discontinued Operations (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 12 Months Ended | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2012
|
Sep. 30, 2012
|
Jun. 30, 2012
|
Mar. 31, 2012
|
Dec. 31, 2011
|
Sep. 30, 2011
|
Jun. 30, 2011
|
Mar. 31, 2011
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
| ASSETS | |||||||||||
| Net real estate | $ 19,400 | $ 352,729 | $ 19,400 | $ 352,729 | |||||||
| Rents receivable, net | 917 | 3,326 | 917 | 3,326 | |||||||
| Deferred charges, net | 612 | 6,246 | 612 | 6,246 | |||||||
| Prepaid expenses and other assets | 1,132 | 1,582 | 1,132 | 1,582 | |||||||
| Total assets of discontinued operations | 22,061 | 363,883 | 22,061 | 363,883 | |||||||
| LIABILITIES | |||||||||||
| Disposal Group Including Discontinued Operations, Mortgages Payable | 9,208 | 140,171 | 9,208 | 140,171 | |||||||
| Accounts payable and accrued expenses | 3,125 | 3,078 | 3,125 | 3,078 | |||||||
| Other liabilities | 765 | 1,920 | 765 | 1,920 | |||||||
| Total liabilities of discontinued operations | 13,098 | 145,169 | 13,098 | 145,169 | |||||||
| STATEMENTS OF OPERATIONS | |||||||||||
| Total revenues | 37,464 | 40,392 | 36,568 | ||||||||
| Total expenses | 26,744 | 31,640 | 33,048 | ||||||||
| Operating income | 10,720 | 8,752 | 3,520 | ||||||||
| Impairment of asset | 0 | (6,925) | 0 | ||||||||
| Loss on debt extinguishment | (2,541) | 0 | 0 | ||||||||
| Gain on sale of property | 71,203 | 46,830 | 0 | ||||||||
| Income from discontinued operations | 79,382 | 48,657 | 3,520 | ||||||||
| Income from discontinued operations attributable to noncontrolling interests | (63,710) | (15,815) | (1,696) | ||||||||
| Income from discontinued operations attributable to Common Shareholders | $ 12,594 | $ 1,343 | $ 1,162 | $ 573 | $ 4,425 | $ 497 | $ 26,393 | $ 1,526 | $ 15,672 | $ 32,842 | $ 1,824 |
| X | ||||||||||
|
- Definition
Discontinued Operations Gain (Loss) On Extinguishment Of Debt No definition available.
|
| X | ||||||||||
|
- Definition
Discontinued Operations, Impairment Of Real Estate No definition available.
|
| X | ||||||||||
|
- Definition
Disposal Group, Including Discontinued Operation, Accounts Payable and Accrued Expenses No definition available.
|
| X | ||||||||||
|
- Definition
Disposal Group, Including Discontinued Operation, Deferred Charges, Net of Amortization No definition available.
|
| X | ||||||||||
|
- Definition
Disposal Group, Including Discontinued Operation, Net Real Estate No definition available.
|
| X | ||||||||||
|
- Definition
Disposal Group, Including Discontinued Operation, Prepaid Expenses and Other Assets, Net No definition available.
|
| X | ||||||||||
|
- Definition
Disposal Group, Including Discontinued Operation, Rents Receivable, Net No definition available.
|
| X | ||||||||||
|
- Definition
Disposal Group Including Discontinued Operations, Mortgages Payable No definition available.
|
| X | ||||||||||
|
- Definition
The aggregate value (measured at the lower of net carrying value or fair value less cost of disposal) for assets of a disposal group, including a component of the entity (discontinued operation), to be sold or that has been disposed of through sale, as of the financial statement date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of gain (loss), after tax expense or benefit and not previously recognized, resulting from the sale of a business component. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
After tax income (loss) from operations of a business component (exclusive of any gain (loss) on disposal, or provision therefore) during the reporting period, until its disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of operating expenses attributable to the disposal group, including a component of the entity (discontinued operation), during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
For the disposal group, including a component of the entity (discontinued operation), obligations not otherwise itemized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of sales or other form of revenues attributable to the disposal group, including a component of the entity (discontinued operation), during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This element represents the overall income (loss) from a disposal group that is classified as a component of the entity, net of income tax, reported as a separate component of income before extraordinary items, which is apportioned to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This item includes the following (net of tax): income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of income (loss) from a disposal group, net of income tax, reported as a separate component of income before extraordinary items after deduction or consideration of the amount allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The obligations arising from the sale, disposal, or planned sale in the near future (generally within one year) of a disposal group, including a component of the entity (discontinued operation). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
SEGMENT REPORTING (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 12 Months Ended | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2012
|
Sep. 30, 2012
|
Jun. 30, 2012
|
Mar. 31, 2012
|
Dec. 31, 2011
|
Sep. 30, 2011
|
Jun. 30, 2011
|
Mar. 31, 2011
|
Dec. 31, 2012
reportable_segments
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
| Segment Reporting Information [Line Items] | |||||||||||
| Number of Reportable Segments | 4 | ||||||||||
| Revenues | $ 37,141 | $ 34,648 | $ 32,723 | $ 29,913 | $ 28,783 | $ 27,356 | $ 29,206 | $ 29,733 | $ 134,425 | $ 115,078 | $ 116,390 |
| Property operating expenses, other operating and real estate taxes | 44,700 | 34,288 | 33,514 | ||||||||
| General and administrative expenses | 21,532 | 23,066 | 20,209 | ||||||||
| Income before depreciation and amortization | 68,193 | 57,724 | 62,667 | ||||||||
| Depreciation and amortization | 32,931 | 25,672 | 23,419 | ||||||||
| Interest and other finance expense | 28,768 | 29,632 | 34,414 | ||||||||
| Real estate at cost | 1,495,742 | 1,098,761 | 1,495,742 | 1,098,761 | 950,710 | ||||||
| Total assets | 1,886,379 | 1,289,436 | 1,886,379 | 1,289,436 | 1,187,380 | ||||||
| Acquisition of real estate | 241,894 | 116,408 | 2,849 | ||||||||
| Redevelopment and Property Improvement Costs | 82,127 | 61,311 | 76,295 | ||||||||
| Other interest income | 148 | 276 | 406 | ||||||||
| Equity in earnings of unconsolidated affiliates | 1,579 | 1,555 | 10,971 | ||||||||
| Impairment of unconsolidated affiliates | (2,032) | 0 | 0 | ||||||||
| (Loss) gain on debt extinguishment | (198) | 1,268 | 0 | ||||||||
| Income tax benefit (provision) | 568 | (461) | (2,869) | ||||||||
| Gain from bargain purchase | 0 | 0 | 33,805 | ||||||||
| Impairment of asset | 0 | (6,925) | 0 | ||||||||
| Reserve for notes receivable | (405) | 0 | 0 | ||||||||
| Gain on involuntary conversion of asset | 2,368 | 0 | 0 | ||||||||
| Gain on sale of property | 71,203 | 46,830 | 0 | ||||||||
| Loss on debt extinguishment | (2,541) | 0 | 0 | ||||||||
| Operating income from discontinued operations | 10,720 | 8,752 | 3,520 | ||||||||
| Net income | 89,936 | 53,715 | 50,667 | ||||||||
| Net income attributable to noncontrolling interests | (50,230) | (2,160) | (20,610) | ||||||||
| Net income attributable to Common Shareholders | 21,276 | 7,581 | 6,839 | 4,010 | 7,887 | 4,011 | 30,234 | 9,423 | 39,706 | 51,555 | 30,057 |
|
Core Portfolio [Member]
|
|||||||||||
| Segment Reporting Information [Line Items] | |||||||||||
| Revenues | 70,599 | 57,994 | 57,084 | ||||||||
| Property operating expenses, other operating and real estate taxes | 21,699 | 17,087 | 17,236 | ||||||||
| General and administrative expenses | 22,817 | 24,226 | 22,439 | ||||||||
| Income before depreciation and amortization | 26,083 | 16,681 | 17,409 | ||||||||
| Depreciation and amortization | 18,316 | 14,206 | 13,798 | ||||||||
| Interest and other finance expense | 15,229 | 15,967 | 18,036 | ||||||||
| Real estate at cost | 744,880 | 499,872 | 744,880 | 499,872 | 441,714 | ||||||
| Total assets | 877,926 | 633,345 | 877,926 | 633,345 | 574,497 | ||||||
| Acquisition of real estate | 175,556 | 60,305 | 0 | ||||||||
| Redevelopment and Property Improvement Costs | 5,381 | 12,266 | 4,137 | ||||||||
|
Opportunity Funds [Member]
|
|||||||||||
| Segment Reporting Information [Line Items] | |||||||||||
| Revenues | 54,286 | 43,994 | 38,721 | ||||||||
| Property operating expenses, other operating and real estate taxes | 26,001 | 19,618 | 17,814 | ||||||||
| General and administrative expenses | 14,373 | 16,658 | 13,577 | ||||||||
| Income before depreciation and amortization | 13,912 | 7,718 | 7,330 | ||||||||
| Depreciation and amortization | 15,594 | 12,361 | 10,061 | ||||||||
| Interest and other finance expense | 12,910 | 12,672 | 16,820 | ||||||||
| Real estate at cost | 764,471 | 614,321 | 764,471 | 614,321 | 522,345 | ||||||
| Total assets | 1,017,870 | 730,029 | 1,017,870 | 730,029 | 629,292 | ||||||
| Acquisition of real estate | 66,338 | 56,103 | 2,849 | ||||||||
| Redevelopment and Property Improvement Costs | 78,265 | 51,128 | 74,460 | ||||||||
|
Notes Receivable [Member]
|
|||||||||||
| Segment Reporting Information [Line Items] | |||||||||||
| Revenues | 7,973 | 11,429 | 19,161 | ||||||||
| Property operating expenses, other operating and real estate taxes | 0 | 0 | 0 | ||||||||
| General and administrative expenses | 0 | 0 | 0 | ||||||||
| Income before depreciation and amortization | 7,973 | 11,429 | 19,161 | ||||||||
| Depreciation and amortization | 0 | 0 | 0 | ||||||||
| Interest and other finance expense | 0 | 0 | 0 | ||||||||
| Real estate at cost | 0 | 0 | 0 | 0 | 0 | ||||||
| Total assets | 129,278 | 59,989 | 129,278 | 59,989 | 89,202 | ||||||
| Acquisition of real estate | 0 | 0 | 0 | ||||||||
| Redevelopment and Property Improvement Costs | 0 | 0 | 0 | ||||||||
|
Other [Member]
|
|||||||||||
| Segment Reporting Information [Line Items] | |||||||||||
| Revenues | 22,947 | 25,782 | 22,479 | ||||||||
| Property operating expenses, other operating and real estate taxes | 0 | 0 | 0 | ||||||||
| General and administrative expenses | 0 | 0 | 0 | ||||||||
| Income before depreciation and amortization | 22,947 | 25,782 | 22,479 | ||||||||
| Depreciation and amortization | 0 | 0 | 0 | ||||||||
| Interest and other finance expense | 0 | 0 | 0 | ||||||||
| Real estate at cost | 0 | 0 | 0 | 0 | 0 | ||||||
| Total assets | 0 | 0 | 0 | 0 | 0 | ||||||
| Acquisition of real estate | 0 | 0 | 0 | ||||||||
| Redevelopment and Property Improvement Costs | 0 | 0 | 0 | ||||||||
|
Amounts Eliminated in Consolidation [Member]
|
|||||||||||
| Segment Reporting Information [Line Items] | |||||||||||
| Revenues | (21,380) | (24,121) | (21,055) | ||||||||
| Property operating expenses, other operating and real estate taxes | (3,000) | (2,417) | (1,536) | ||||||||
| General and administrative expenses | (15,658) | (17,818) | (15,807) | ||||||||
| Income before depreciation and amortization | (2,722) | (3,886) | (3,712) | ||||||||
| Depreciation and amortization | (979) | (895) | (440) | ||||||||
| Interest and other finance expense | 629 | 993 | (442) | ||||||||
| Real estate at cost | (13,609) | (15,432) | (13,609) | (15,432) | (13,349) | ||||||
| Total assets | (138,695) | (133,927) | (138,695) | (133,927) | (105,611) | ||||||
| Acquisition of real estate | 0 | 0 | 0 | ||||||||
| Redevelopment and Property Improvement Costs | $ (1,519) | $ (2,083) | $ (2,302) | ||||||||
| X | ||||||||||
|
- Definition
Assets, Continued Operations No definition available.
|
| X | ||||||||||
|
- Definition
Discontinued Operations Gain (Loss) On Extinguishment Of Debt No definition available.
|
| X | ||||||||||
|
- Definition
Equity Method Investments, Income (Loss), Realized Gain (Loss) and Other Than Temporary Investment No definition available.
|
| X | ||||||||||
|
- Definition
Gain (Loss) On Involuntary Asset Conversion No definition available.
|
| X | ||||||||||
|
- Definition
Income Before Depreciation and Amortization No definition available.
|
| X | ||||||||||
|
- Definition
Property Operating Expenses and Real Estate Taxes No definition available.
|
| X | ||||||||||
|
- Definition
Real Estate Investment Property, at Cost and Inventory, Real Estate, Construction in Process No definition available.
|
| X | ||||||||||
|
- Definition
Redevelopment and Property Improvement Costs No definition available.
|
| X | ||||||||||
|
- Definition
The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of gain (loss), after tax expense or benefit and not previously recognized, resulting from the sale of a business component. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
After tax income (loss) from operations of a business component (exclusive of any gain (loss) on disposal, or provision therefore) during the reporting period, until its disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This item represents an other than temporary decline in value that has been recognized against an investment accounted for under the equity method of accounting. The excess of the carrying amount over the fair value of the investment represents the amount of the write down which is or was reflected in earnings. The written down value is a new cost basis with the adjusted value of the investment becoming its new carrying value subject to the equity accounting method. Evidence of a loss in value might include, but would not necessarily be limited to, absence of an ability to recover the carrying amount of the investment or inability of the investee to sustain an earnings capacity which would justify the carrying amount of the investment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of the excess of the fair value of acquired net assets over the cost of an acquired business after pro rata reduction of the amounts that otherwise would have been assigned to acquired assets except financial assets other than investments accounted for by the equity method, assets to be disposed of by sale, deferred tax assets, prepaid assets relating to pension and postretirement benefit plans, and other current assets. This amount is considered an extraordinary item and often referred to as negative goodwill. This element is gross of the related tax effect. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The charge against earnings in the period to reduce the carrying amount of real property to fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Interest and debt related expenses associated with nonoperating financing activities of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Income derived from investments in debt securities and on cash and cash equivalents the earnings of which reflect the time value of money or transactions in which the payments are for the use or forbearance of money. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Number of segments reported by the entity. A reportable segment is a component of an entity for which there is an accounting requirement to report separate financial information on that component in the entity's financial statements. No definition available.
|
| X | ||||||||||
|
- Definition
The cash outflow from the acquisition of a piece of land, anything permanently fixed to it, including buildings, structures on it and so forth; includes real estate intended to generate income for the owner; excludes real estate acquired for use by the owner. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The sum of the periodic provision charged to earnings, based on an assessment of uncollectibility from the counterparty on account of loan, lease or other credit losses, to reduce these accounts to the amount that approximates their net realizable value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate revenue from real estate operations during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED AFFILIATES (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 93 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 75 Months Ended | 12 Months Ended | 66 Months Ended | 12 Months Ended | 79 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2012
properties
|
Sep. 30, 2012
|
Jun. 30, 2012
|
Mar. 31, 2012
|
Dec. 31, 2011
|
Sep. 30, 2011
|
Jun. 30, 2011
|
Mar. 31, 2011
|
Dec. 31, 2012
properties
|
Dec. 31, 2011
|
Dec. 31, 2010
|
Dec. 31, 2012
Unconsolidated Affiliates [Member]
|
Dec. 31, 2011
Unconsolidated Affiliates [Member]
|
Dec. 31, 2010
Unconsolidated Affiliates [Member]
|
Dec. 31, 2012
Operating Partnership, as General Partner or Managing Member [Member]
|
Dec. 31, 2011
Operating Partnership, as General Partner or Managing Member [Member]
|
Dec. 31, 2010
Operating Partnership, as General Partner or Managing Member [Member]
|
Dec. 31, 2012
KLA/Mervyns LLC Add-On Investments [Member]
|
Dec. 31, 2012
KLA A Markets LLC Add-On Investments [Member]
|
Dec. 31, 2012
KA-Shopko LLC [Member]
|
Dec. 31, 2012
Marsh and Add-On Investments [Member]
|
Dec. 31, 2012
KLAC Rex Venture LLC [Member]
|
Dec. 31, 2012
KLA/Mervyns LLC [Member]
|
Dec. 31, 2012
KLA A Markets LLC [Member]
|
Dec. 31, 2012
Mervyns I and Mervyns II [Member]
KLA/Mervyns LLC Add-On Investments [Member]
|
Dec. 31, 2012
Mervyns I and Mervyns II [Member]
KLA/Mervyns LLC [Member]
|
Dec. 31, 2012
Operating Partnership, as General Partner or Managing Member [Member]
|
Dec. 31, 2012
Mervyns II [Member]
KLA A Markets LLC Add-On Investments [Member]
|
Dec. 31, 2012
Mervyns II [Member]
KLAC Rex Venture LLC [Member]
|
Dec. 31, 2012
Mervyns II [Member]
KLA A Markets LLC [Member]
|
Dec. 31, 2012
Fund II [Member]
KA-Shopko LLC [Member]
|
Dec. 31, 2012
Fund II [Member]
Marsh and Add-On Investments [Member]
|
Dec. 31, 2012
Core Portfolio [Member]
|
Dec. 31, 2011
Core Portfolio [Member]
|
Dec. 31, 2010
Core Portfolio [Member]
|
Dec. 31, 2012
Core Portfolio [Member]
Brandywine Portfolio [Member]
sqft
|
Dec. 31, 2012
Core Portfolio [Member]
Crossroads [Member]
sqft
|
Dec. 31, 2012
Core Portfolio [Member]
Georgetown Portfolio [Member]
sqft
|
Dec. 31, 2012
Opportunity Funds [Member]
|
Dec. 31, 2011
Opportunity Funds [Member]
|
Dec. 31, 2010
Opportunity Funds [Member]
|
Dec. 31, 2012
Opportunity Funds [Member]
RCP Venture [Member]
|
Dec. 31, 2012
Opportunity Funds [Member]
RCP Venture [Member]
Operating Partnership, as General Partner or Managing Member [Member]
|
Dec. 31, 2012
Opportunity Funds [Member]
Mervyns I and Mervyns II [Member]
KLA/Mervyns LLC Add-On Investments [Member]
|
Dec. 31, 2012
Opportunity Funds [Member]
Mervyns I and Mervyns II [Member]
KLA/Mervyns LLC Add-On Investments [Member]
Operating Partnership, as General Partner or Managing Member [Member]
|
Dec. 31, 2004
Opportunity Funds [Member]
Mervyns I and Mervyns II [Member]
KLA/Mervyns LLC [Member]
|
Dec. 31, 2012
Opportunity Funds [Member]
Mervyns I and Mervyns II [Member]
KLA/Mervyns LLC [Member]
stores
|
Dec. 31, 2012
Opportunity Funds [Member]
Mervyns I and Mervyns II [Member]
KLA/Mervyns LLC [Member]
Operating Partnership, as General Partner or Managing Member [Member]
|
Dec. 31, 2012
Opportunity Funds [Member]
Mervyns II [Member]
KLA A Markets LLC Add-On Investments [Member]
|
Dec. 31, 2012
Opportunity Funds [Member]
Mervyns II [Member]
KLA A Markets LLC Add-On Investments [Member]
|
Dec. 31, 2012
Opportunity Funds [Member]
Mervyns II [Member]
KLA A Markets LLC Add-On Investments [Member]
Operating Partnership, as General Partner or Managing Member [Member]
|
Dec. 31, 2012
Opportunity Funds [Member]
Mervyns II [Member]
KLAC Rex Venture LLC [Member]
|
Dec. 31, 2012
Opportunity Funds [Member]
Mervyns II [Member]
KLAC Rex Venture LLC [Member]
|
Jul. 31, 2007
Opportunity Funds [Member]
Mervyns II [Member]
KLAC Rex Venture LLC [Member]
retail_properties
|
Dec. 31, 2012
Opportunity Funds [Member]
Mervyns II [Member]
KLAC Rex Venture LLC [Member]
Operating Partnership, as General Partner or Managing Member [Member]
|
Dec. 31, 2012
Opportunity Funds [Member]
Mervyns II [Member]
KLA A Markets LLC [Member]
|
Dec. 31, 2011
Opportunity Funds [Member]
Mervyns II [Member]
KLA A Markets LLC [Member]
|
Dec. 31, 2012
Opportunity Funds [Member]
Mervyns II [Member]
KLA A Markets LLC [Member]
|
Jun. 30, 2006
Opportunity Funds [Member]
Mervyns II [Member]
KLA A Markets LLC [Member]
|
Dec. 31, 2012
Opportunity Funds [Member]
Mervyns II [Member]
KLA A Markets LLC [Member]
Operating Partnership, as General Partner or Managing Member [Member]
|
Dec. 31, 2012
Opportunity Funds [Member]
Fund II [Member]
KA-Shopko LLC [Member]
|
Dec. 31, 2012
Opportunity Funds [Member]
Fund II [Member]
KA-Shopko LLC [Member]
Operating Partnership, as General Partner or Managing Member [Member]
|
Dec. 31, 2012
Opportunity Funds [Member]
Fund II [Member]
KA Marsh LLC [Member]
|
Dec. 31, 2012
Opportunity Funds [Member]
Fund II [Member]
Add-On Investments [Member]
|
Dec. 31, 2012
Opportunity Funds [Member]
Fund II [Member]
Marsh and Add-On Investments [Member]
|
Dec. 31, 2012
Opportunity Funds [Member]
Fund II [Member]
Marsh and Add-On Investments [Member]
Operating Partnership, as General Partner or Managing Member [Member]
|
Jun. 29, 2010
Opportunity Funds [Member]
Fund II [Member]
CityPoint [Member]
|
Jun. 30, 2011
Opportunity Funds [Member]
Fund III [Member]
|
|
| Schedule of Equity Method Investments [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity Method Investment, Ownership Percentage | 22.20% | 49.00% | 50.00% | 50.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Square Footage of Real Estate Property (in feet) | 1,000,000 | 311,000 | 28,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Number of Properties Collateralized | 35 | 35 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Number of Stores | 262 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity Method Investments | $ 23,200 | $ 27,088 | $ 4,901 | $ 20,717 | $ 20,717 | $ 20,700 | $ 4,239 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Payments to Acquire Equity Method Investments | 160,888 | 54,981 | 19,116 | 3,900 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity Method Investment, Dividends or Distributions | 45,966 | 11,251 | 2,400 | 4,500 | 81,680 | 16,318 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost Method Investments | 6,517 | 1,252 | 2,416 | 2,416 | 388 | 2,701 | 2,701 | 2,700 | 535 | 1,108 | 222 | 700 | 2,000 | 2,667 | 533 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Income, Dividend | 142,236 | 30,612 | 3,558 | 819 | 3,100 | 4,778 | 972 | 1,100 | 1,956 | 392 | 1,659 | 332 | 2,639 | 528 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Impairment of unconsolidated affiliates | 2,032 | 0 | 0 | 200 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Number of Retail Properties | 87 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Noncontrolling Interest, Ownership Percentage by Parent | 10.50% | 20.00% | 20.00% | 20.00% | 13.30% | 10.50% | 18.90% | 5.80% | 5.80% | 6.00% | 13.30% | 5.70% | 2.00% | 3.30% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Combination, Step Acquisition, Equity Interest in Acquiree, Percentage | 24.75% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Combined and Condensed Balance Sheets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Rental property, net | 441,611 | 280,470 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investments in and advances to unconsolidated affiliates | 221,694 | 84,568 | 221,694 | 84,568 | 93,923 | 156,421 | 63,214 | 12,070 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other assets | 39,035 | 29,587 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total assets | 1,908,440 | 1,653,319 | 1,908,440 | 1,653,319 | 574,569 | 466,478 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Mortgage notes payable | 326,296 | 319,425 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other liabilities | 21,303 | 18,517 | 21,303 | 18,517 | 24,267 | 16,902 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Partners’ equity | 224,006 | 130,151 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total liabilities and partners’ equity | 1,908,440 | 1,653,319 | 1,908,440 | 1,653,319 | 574,569 | 466,478 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Company's share of distributions in excess of share of income and investments in unconsolidated affiliates | (22,707) | (21,710) | (22,707) | (21,710) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Combined and Condensed Statements of Operations [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total revenues | 37,141 | 34,648 | 32,723 | 29,913 | 28,783 | 27,356 | 29,206 | 29,733 | 134,425 | 115,078 | 116,390 | 49,729 | 42,185 | 29,460 | 70,599 | 57,994 | 57,084 | 54,286 | 43,994 | 38,721 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Operating and other expenses | 99,568 | 83,026 | 77,142 | 18,919 | 15,924 | 10,617 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest expense | 18,547 | 17,099 | 13,525 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity in earnings of unconsolidated affiliates | 550 | 1,555 | 12,450 | 583 | 7,243 | 56,482 | 1,579 | 1,555 | 10,971 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Depreciation and amortization | 32,931 | 25,672 | 23,419 | 9,551 | 8,837 | 4,839 | 18,316 | 14,206 | 13,798 | 15,594 | 12,361 | 10,061 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| (Loss) gain on debt extinguishment | (198) | 1,268 | 0 | 293 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gain (loss) on sale of property, net | 3,402 | 0 | (2,957) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net income | 10,554 | 5,058 | 47,147 | 6,404 | 7,568 | 54,004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Company’s share of net income | 1,971 | 1,946 | 11,363 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Amortization of excess investment | $ (392) | $ (391) | $ (392) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Definition
Amortization of Excess Investment No definition available.
|
| X | ||||||||||
|
- Definition
Carrying amount as of the balance sheet date of distribution in excess of income from, and investments in, unconsolidated affiliates. No definition available.
|
| X | ||||||||||
|
- Definition
Number of Properties Collateralized No definition available.
|
| X | ||||||||||
|
- Definition
Number of Retail Properties No definition available.
|
| X | ||||||||||
|
- Definition
Area of a real estate property. No definition available.
|
| X | ||||||||||
|
- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
In a business combination achieved in stages, this element represents the acquisition-date percentage of equity in the acquiree held by the acquirer immediately before the acquisition date. No definition available.
|
| X | ||||||||||
|
- Definition
This item represents the aggregate carrying amount of all cost-method investments as reported on or included in the balance sheet. The original cost of the investments may differ from the aggregate carrying amount disclosed due to various adjustments such as: (i) dividends received in excess of earnings after the date of investment that are considered a return of investment and therefore recorded as reductions to cost of the investment, or (ii) a series of operating losses of an investee or other factors which may indicate that a decrease in value of the investment has occurred which is other than temporary and accordingly such decrease in value has been recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This item represents disclosure of the amount of dividends or other distributions received from unconsolidated subsidiaries, certain corporate joint ventures, and certain noncontrolled corporation; these investments are accounted for under the equity method of accounting. This element excludes distributions that constitute a return of investment, which are classified as investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This item represents an other than temporary decline in value that has been recognized against an investment accounted for under the equity method of accounting. The excess of the carrying amount over the fair value of the investment represents the amount of the write down which is or was reflected in earnings. The written down value is a new cost basis with the adjusted value of the investment becoming its new carrying value subject to the equity accounting method. Evidence of a loss in value might include, but would not necessarily be limited to, absence of an ability to recover the carrying amount of the investment or inability of the investee to sustain an earnings capacity which would justify the carrying amount of the investment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of gross profit (loss) reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The gains (losses) included in results of operations resulting from the sale or disposal of property, plant and equipment, which do not qualify for treatment as discontinued operations. This item does not include any gain (loss) recognized on the sale of oil and gas property or timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Income derived from investments in equity securities representing a distribution of earnings to shareholders by the investee companies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Total investments in (A) an entity in which the entity has significant influence, but does not have control, (B) subsidiaries that are not required to be consolidated and are accounted for using the equity and or cost method, and (C) an entity in which the reporting entity shares control of the entity with another party or group. Includes long-term advances receivable from a party that is affiliated with the reporting entity by means of direct or indirect ownership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Total of all Liabilities and Stockholders' Equity items (or Partners' Capital, as applicable), including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Including the current and noncurrent portions, carrying value as of the balance sheet date of loans from a bank with maturities initially due after one year or beyond the normal operating cycle if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The parent entity's interest in net assets of the subsidiary, expressed as a percentage. No definition available.
|
| X | ||||||||||
|
- Definition
Represents the number of stores. No definition available.
|
| X | ||||||||||
|
- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
|
| X | ||||||||||
|
- Definition
The aggregate carrying amounts, as of the balance sheet date, of assets not separately disclosed in the balance sheet. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate carrying amount, as of the balance sheet date, of liabilities not separately disclosed in the balance sheet. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of ownership interest of different classes of partners in limited partnership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow associated with the purchase of or advances to an equity method investments, which are investments in joint ventures and entities in which the entity has an equity ownership interest normally of 20 to 50 percent and exercises significant influence. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate revenue from real estate operations during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Carrying amount of income producing properties held for rental. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
|
NOTES RECEIVABLE AND PREFERRED EQUITY INVESTMENT Schedule of Notes Receivable and Preferred Equity Investments Reconciliation (Details) (USD $)
|
12 Months Ended | ||
|---|---|---|---|
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
| Mortgage Loans on Real Estate [Abstract] | |||
| Total Net Investments in Notes Receivable | $ 69,200,000 | ||
| Movement in Mortgage Loans on Real Estate [Roll Forward] | |||
| Balance at beginning of period | 59,989,000 | 89,202,000 | 125,221,000 |
| New mortgage loans | 108,629,000 | 34,758,000 | 0 |
| Collections of principal | (25,388,000) | (56,517,000) | (42,010,000) |
| Conversion to real estate through receipt of deed or through foreclosure | (14,000,000) | 0 | 0 |
| Reclass to investments in unconsolidated affiliates | 0 | (8,000,000) | 0 |
| Non-cash accretion of notes receivable | 453,000 | 786,000 | 6,164,000 |
| Reserves | (405,000) | (240,000) | (93,000) |
| Other | 0 | 0 | 80,000 |
| Balance at close of period | $ 129,278,000 | $ 59,989,000 | $ 89,202,000 |
| X | ||||||||||
|
- Definition
Mortgage Loans on Real Estate, Conversion Of Real Estate No definition available.
|
| X | ||||||||||
|
- Definition
Mortgage Loans On Real Estate, Net Carrying Amount No definition available.
|
| X | ||||||||||
|
- Definition
Mortgage Loans on Real Estate, Reclass to Investments in Unconsolidated Affiliates No definition available.
|
| X | ||||||||||
|
- Definition
Non-cash accretion of notes receivable. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The carrying amount of the outstanding balance due under the mortgage loan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of principal collected on mortgage loans on real estate during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Total amount of new mortgage loans on real estate during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of reductions in principal on mortgage loans other than foreclosures, costs of mortgages sold, and amortization of premium during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of any write-down or reserve provided in the period on a mortgage loan on real estate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
NOTES RECEIVABLE AND PREFERRED EQUITY INVESTMENT Schedule of Notes Receivable (Details) (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
Dec. 31, 2009
|
|||
|---|---|---|---|---|---|---|---|
| Mortgage Loans on Real Estate [Line Items] | |||||||
| Prior liens | $ 0 | ||||||
| Face amount of notes | 145,656 | ||||||
| Carrying amount of notes | 129,278 | 59,989 | 89,202 | 125,221 | |||
| Accrued Interest | 2,745 | ||||||
|
First Mortgage, 6% Loan Due 2013 [Member]
|
|||||||
| Mortgage Loans on Real Estate [Line Items] | |||||||
| Effective interest rate (1) | 6.00% | [1] | |||||
| Prior liens | 0 | ||||||
| Face amount of notes | 10,250 | ||||||
| Carrying amount of notes | 10,250 | ||||||
| Accrued Interest | 54 | ||||||
|
First Mortgage, 8% Loan Due 2013 [Member]
|
|||||||
| Mortgage Loans on Real Estate [Line Items] | |||||||
| Effective interest rate (1) | 8.00% | [1] | |||||
| Prior liens | 0 | ||||||
| Face amount of notes | 8,000 | ||||||
| Carrying amount of notes | 8,000 | ||||||
| Accrued Interest | 0 | ||||||
|
First Mortgage Due on Demand [Member]
|
|||||||
| Mortgage Loans on Real Estate [Line Items] | |||||||
| Effective interest rate (1) | 5.25% | [1] | |||||
| Prior liens | 0 | ||||||
| Face amount of notes | 23,555 | ||||||
| Carrying amount of notes | 18,500 | ||||||
| Accrued Interest | 803 | ||||||
|
First Mortgage, 6% Loan Due June 1, 2013 [Member]
|
|||||||
| Mortgage Loans on Real Estate [Line Items] | |||||||
| Effective interest rate (1) | 6.00% | [1] | |||||
| Prior liens | 0 | ||||||
| Face amount of notes | 12,609 | ||||||
| Carrying amount of notes | 12,333 | ||||||
| Accrued Interest | 319 | ||||||
|
First Mortgage, 11% Loan Due 2014 [Member]
|
|||||||
| Mortgage Loans on Real Estate [Line Items] | |||||||
| Effective interest rate (1) | 11.00% | [1] | |||||
| Prior liens | 0 | ||||||
| Face amount of notes | 25,000 | ||||||
| Carrying amount of notes | 25,000 | ||||||
| Accrued Interest | 0 | ||||||
|
Construction [Member]
|
|||||||
| Mortgage Loans on Real Estate [Line Items] | |||||||
| Effective interest rate (1) | 20.51% | [1] | |||||
| Face amount of notes | 5,400 | ||||||
| Carrying amount of notes | 5,400 | ||||||
| Accrued Interest | 168 | ||||||
|
Individually Less Than 3 Percent [Member]
|
|||||||
| Mortgage Loans on Real Estate [Line Items] | |||||||
| Prior liens | 0 | ||||||
| Face amount of notes | 2,198 | ||||||
| Carrying amount of notes | 269 | ||||||
| Accrued Interest | 90 | ||||||
|
Individually Less Than 3 Percent [Member] | Minimum [Member]
|
|||||||
| Mortgage Loans on Real Estate [Line Items] | |||||||
| Effective interest rate (1) | 10.00% | [1] | |||||
|
Individually Less Than 3 Percent [Member] | Maximum [Member]
|
|||||||
| Mortgage Loans on Real Estate [Line Items] | |||||||
| Effective interest rate (1) | 11.60% | [1] | |||||
|
First Mortgages and Other Notes [Member]
|
|||||||
| Mortgage Loans on Real Estate [Line Items] | |||||||
| Effective interest rate (1) | 8.60% | [1] | |||||
| Face amount of notes | 87,012 | ||||||
| Carrying amount of notes | 79,752 | ||||||
| Accrued Interest | 1,434 | ||||||
|
Zero Coupon [Member]
|
|||||||
| Mortgage Loans on Real Estate [Line Items] | |||||||
| Effective interest rate (1) | 24.00% | [1] | |||||
| Prior liens | 166,200 | ||||||
| Face amount of notes | 5,644 | ||||||
| Carrying amount of notes | 3,961 | ||||||
| Accrued Interest | 0 | ||||||
|
Mezzanine Due 2013 [Member]
|
|||||||
| Mortgage Loans on Real Estate [Line Items] | |||||||
| Effective interest rate (1) | 10.00% | [1] | |||||
| Prior liens | 85,835 | ||||||
| Face amount of notes | 9,089 | ||||||
| Carrying amount of notes | 9,089 | ||||||
| Accrued Interest | 176 | ||||||
|
Mezzanine Due With Capital Event [Member]
|
|||||||
| Mortgage Loans on Real Estate [Line Items] | |||||||
| Effective interest rate (1) | 15.00% | [1] | |||||
| Prior liens | 13,265 | ||||||
| Face amount of notes | 3,834 | ||||||
| Carrying amount of notes | 3,834 | ||||||
| Accrued Interest | 1,135 | ||||||
|
Mezzanine, 15% Due 2020 [Member]
|
|||||||
| Mortgage Loans on Real Estate [Line Items] | |||||||
| Effective interest rate (1) | 15.00% | [1] | |||||
| Prior liens | 0 | ||||||
| Face amount of notes | 30,879 | ||||||
| Carrying amount of notes | 30,879 | ||||||
| Accrued Interest | 0 | ||||||
|
Individually Less than 3% [Member]
|
|||||||
| Mortgage Loans on Real Estate [Line Items] | |||||||
| Prior liens | 37,623 | ||||||
| Face amount of notes | 9,198 | ||||||
| Carrying amount of notes | 1,763 | ||||||
| Accrued Interest | 0 | ||||||
|
Individually Less than 3% [Member] | Minimum [Member]
|
|||||||
| Mortgage Loans on Real Estate [Line Items] | |||||||
| Effective interest rate (1) | 12.00% | [1] | |||||
|
Individually Less than 3% [Member] | Maximum [Member]
|
|||||||
| Mortgage Loans on Real Estate [Line Items] | |||||||
| Effective interest rate (1) | 17.50% | [1] | |||||
|
Mezzanine [Member]
|
|||||||
| Mortgage Loans on Real Estate [Line Items] | |||||||
| Effective interest rate (1) | 14.78% | [1] | |||||
| Face amount of notes | 58,644 | ||||||
| Carrying amount of notes | 49,526 | ||||||
| Accrued Interest | $ 1,311 | ||||||
|
|||||||
| X | ||||||||||
|
- Definition
Mortgage Loans on Real Estate, Accrued Interest No definition available.
|
| X | ||||||||||
|
- Definition
Mortgage Loans on Real Estate, Effective Interest Rate No definition available.
|
| X | ||||||||||
|
- Definition
The carrying amount of the outstanding balance due under the mortgage loan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of the contractual principal due at the origination of the mortgage loan (face amount). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of any prior liens on the real estate that secures the mortgage loan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
NOTES RECEIVABLE AND PREFERRED EQUITY INVESTMENT Schedule of Allowance for Credit Losses on Notes Receivable (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
|---|---|---|---|
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
| Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
| Balance at beginning of period | $ 3,276 | $ 3,036 | |
| Change in allowance, net | 405 | 240 | 93 |
| Balance at end of period | $ 3,681 | $ 3,276 | $ 3,036 |
| X | ||||||||||
|
- Definition
A valuation allowance for financing receivables that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The amount of any write-down or reserve provided in the period on a mortgage loan on real estate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
DEFERRED CHARGES (Details) (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2012
|
Dec. 31, 2011
|
|---|---|---|
| Deferred Costs [Abstract] | ||
| Deferred financing costs | $ 31,835 | $ 24,438 |
| Deferred leasing and other costs | 32,302 | 27,192 |
| Deferred costs, gross | 64,137 | 51,630 |
| Accumulated amortization | (37,360) | (32,022) |
| Total | $ 26,777 | $ 19,608 |
| X | ||||||||||
|
- Definition
Deferred Costs, Accumulated Amortization No definition available.
|
| X | ||||||||||
|
- Definition
Deferred Costs, Gross No definition available.
|
| X | ||||||||||
|
- Definition
Deferred Leasing and Other Costs No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The carrying amount of deferred costs. No definition available.
|
| X | ||||||||||
|
- Definition
For an unclassified balance sheet, the amount as of the balance sheet date of capitalized costs associated with the issuance of debt instruments (for example, legal, accounting, underwriting, printing, and registration costs) that will be charged against earnings over the life of the debt instruments to which such costs pertain. Such amount is before the consideration of accumulated amortization. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
ACQUIRED LEASE INTANGIBLES (Details) (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2012
|
Dec. 31, 2011
|
|---|---|---|
| Acquired Lease Intangibles [Abstract] | ||
| Total | $ 31,975 | $ 26,721 |
|
Assets [Member]
|
||
| Acquired Lease Intangibles [Abstract] | ||
| 2013 | 4,490 | |
| 2014 | 3,989 | |
| 2015 | 3,787 | |
| 2016 | 3,536 | |
| 2017 | 2,798 | |
| Thereafter | 13,375 | |
| Total | 31,975 | |
|
Liabilities [Member]
|
||
| Acquired Lease Intangibles [Abstract] | ||
| 2013 | 2,196 | |
| 2014 | 1,864 | |
| 2015 | 1,692 | |
| 2016 | 1,668 | |
| 2017 | 1,506 | |
| Thereafter | 5,189 | |
| Total | $ 14,115 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of amortization expense expected to be recognized after the fifth fiscal year following the latest fiscal year for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of amortization expense expected to be recognized during the next fiscal year following the latest fiscal year for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of amortization expense expected to be recognized during the fifth fiscal year following the latest fiscal year for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of amortization expense expected to be recognized during the fourth fiscal year following the latest fiscal year for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of amortization expense expected to be recognized during the third fiscal year following the latest fiscal year for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of amortization expense expected to be recognized during the second fiscal year following the latest fiscal year for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
MORTGAGES PAYABLE Summary Mortgage Notes Payable (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2012
properties
|
Dec. 31, 2011
|
Dec. 31, 2012
Mortgages [Member]
|
Dec. 31, 2012
Mortgages [Member]
Three Thirty River Street, Six Point Two Six Percent [Member]
|
Dec. 31, 2012
Mortgages [Member]
Chicago Portfolio, Five Point Six Two Percent [Member]
|
Dec. 31, 2012
Mortgages [Member]
Chicago Portfolio, Five Point Five Five Percent [Member]
|
Dec. 31, 2012
Mortgages [Member]
Lincoln Park Centre LLC [Member]
|
Dec. 31, 2012
Mortgages [Member]
West Diversity [Member]
|
Dec. 31, 2012
Mortgages [Member]
Cortlandt Towne Center [Member]
|
Apr. 30, 2012
Mortgages [Member]
Cortlandt Towne Center [Member]
|
Mar. 31, 2012
Mortgages [Member]
Cortlandt Towne Center [Member]
|
Dec. 31, 2012
Mortgages [Member]
Canarsie Plaza [Member]
|
Aug. 31, 2012
Mortgages [Member]
Canarsie Plaza [Member]
|
Jul. 31, 2012
Mortgages [Member]
Canarsie Plaza [Member]
|
Dec. 31, 2012
Mortgages [Member]
Three Thirty River Street, Three Point Six Eight Percent [Member]
|
Dec. 31, 2012
Mortgages [Member]
Tarrytown Shopping Center [Member]
|
Dec. 31, 2012
Mortgages [Member]
Rhode Island Place Shopping Center [Member]
|
Dec. 31, 2012
Mortgages [Member]
640 Broadway [Member]
|
Dec. 31, 2012
Mortgages [Member]
Atlantic Avenue [Member]
|
Dec. 31, 2012
Mortgages [Member]
125 Main Street Association [Member]
|
Dec. 31, 2012
Mortgages [Member]
Citypoint, One Percent [Member]
|
Aug. 31, 2012
Mortgages [Member]
Citypoint, One Percent [Member]
|
Dec. 31, 2012
Mortgages [Member]
Heritage Shops [Member]
|
Dec. 31, 2012
Mortgages [Member]
Citypoint, LIBOR Plus Three Point Three Percent [Member]
|
Dec. 31, 2012
Mortgages [Member]
Fordham Place [Member]
|
Dec. 31, 2012
Mortgages [Member]
4401 White Plains [Member]
|
Dec. 31, 2012
Mortgages [Member]
A and P Shipping Center [Member]
|
Dec. 31, 2012
Mortgages [Member]
New Hyde Park Shopping Center [Member]
|
Dec. 31, 2012
Mortgages [Member]
Six Self-Storage Properties [Member]
|
Dec. 31, 2012
Mortgages [Member]
639 West Diversey [Member]
|
Dec. 31, 2012
LIBOR [Member]
Mortgages [Member]
West Diversity [Member]
|
Dec. 31, 2012
LIBOR [Member]
Mortgages [Member]
Cortlandt Towne Center [Member]
|
Dec. 31, 2012
LIBOR [Member]
Mortgages [Member]
Canarsie Plaza [Member]
|
Dec. 31, 2012
LIBOR [Member]
Mortgages [Member]
640 Broadway [Member]
|
Dec. 31, 2012
LIBOR [Member]
Mortgages [Member]
Atlantic Avenue [Member]
|
Dec. 31, 2012
LIBOR [Member]
Mortgages [Member]
Heritage Shops [Member]
|
Dec. 31, 2012
LIBOR [Member]
Mortgages [Member]
Citypoint, LIBOR Plus Three Point Three Percent [Member]
|
Dec. 31, 2012
LIBOR [Member]
Mortgages [Member]
Fordham Place [Member]
|
Dec. 31, 2012
LIBOR [Member]
Mortgages [Member]
4401 White Plains [Member]
|
Dec. 31, 2012
LIBOR [Member]
Mortgages [Member]
New Hyde Park Shopping Center [Member]
|
Dec. 31, 2012
LIBOR [Member]
Mortgages [Member]
Six Self-Storage Properties [Member]
|
Dec. 31, 2012
Variable Interest Rate [Member]
|
Dec. 31, 2011
Variable Interest Rate [Member]
|
Dec. 31, 2012
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
|
Dec. 31, 2011
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
|
Dec. 31, 2012
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
161st Street [Member]
|
Dec. 31, 2011
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
161st Street [Member]
|
Dec. 31, 2012
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
West Diversity [Member]
|
Dec. 31, 2011
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
West Diversity [Member]
|
Dec. 31, 2012
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
Cortlandt Towne Center [Member]
|
Dec. 31, 2011
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
Cortlandt Towne Center [Member]
|
Dec. 31, 2012
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
640 Broadway [Member]
|
Dec. 31, 2011
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
640 Broadway [Member]
|
Dec. 31, 2012
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
Heritage Shops [Member]
|
Dec. 31, 2011
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
Heritage Shops [Member]
|
Dec. 31, 2012
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
Fordham Place [Member]
|
Dec. 31, 2011
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
Fordham Place [Member]
|
Dec. 31, 2012
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
4401 White Plains [Member]
|
Dec. 31, 2011
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
4401 White Plains [Member]
|
Dec. 31, 2012
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
New Hyde Park Shopping Center [Member]
|
Dec. 31, 2011
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
New Hyde Park Shopping Center [Member]
|
Dec. 31, 2012
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
Village Commons Shopping Center [Member]
|
Dec. 31, 2011
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
Village Commons Shopping Center [Member]
|
Dec. 31, 2012
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
CityPoint [Member]
|
Dec. 31, 2011
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
CityPoint [Member]
|
Dec. 31, 2012
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
Pelham Manor [Member]
|
Dec. 31, 2011
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
Pelham Manor [Member]
|
Dec. 31, 2012
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
Branch Shopping Plaza [Member]
|
Dec. 31, 2011
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
Branch Shopping Plaza [Member]
|
Dec. 31, 2012
Variable Interest Rate [Member]
Secured Credit Facilities - Variable-Rate [Member]
|
Dec. 31, 2011
Variable Interest Rate [Member]
Secured Credit Facilities - Variable-Rate [Member]
|
Dec. 31, 2012
Variable Interest Rate [Member]
Interest Rate Swap [Member]
|
Dec. 31, 2011
Variable Interest Rate [Member]
Interest Rate Swap [Member]
|
Dec. 31, 2012
Variable Interest Rate [Member]
Fund III [Member]
Secured Credit Facilities - Variable-Rate [Member]
|
Dec. 31, 2011
Variable Interest Rate [Member]
Fund III [Member]
Secured Credit Facilities - Variable-Rate [Member]
|
Dec. 31, 2012
Variable Interest Rate [Member]
Six Core Portfolio properties[Member]
Secured Credit Facilities - Variable-Rate [Member]
|
Dec. 31, 2011
Variable Interest Rate [Member]
Six Core Portfolio properties[Member]
Secured Credit Facilities - Variable-Rate [Member]
|
Dec. 31, 2012
Variable Interest Rate [Member]
Fund II term loan [Member]
Secured Credit Facilities - Variable-Rate [Member]
|
Dec. 31, 2011
Variable Interest Rate [Member]
Fund II term loan [Member]
Secured Credit Facilities - Variable-Rate [Member]
|
Dec. 31, 2012
Variable Interest Rate [Member]
Fund IV [Member]
Secured Credit Facilities - Variable-Rate [Member]
|
Dec. 31, 2011
Variable Interest Rate [Member]
Fund IV [Member]
Secured Credit Facilities - Variable-Rate [Member]
|
Dec. 31, 2012
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
|
Dec. 31, 2011
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
|
Dec. 31, 2012
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
Lincoln Park Centre LLC [Member]
|
Dec. 31, 2011
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
Lincoln Park Centre LLC [Member]
|
Dec. 31, 2012
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
Rhode Island Place Shopping Center [Member]
|
Dec. 31, 2011
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
Rhode Island Place Shopping Center [Member]
|
Dec. 31, 2012
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
Citypoint, One Percent [Member]
|
Dec. 31, 2011
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
Citypoint, One Percent [Member]
|
Dec. 31, 2012
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
639 West Diversey [Member]
|
Dec. 31, 2011
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
639 West Diversey [Member]
|
Dec. 31, 2012
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
CityPoint [Member]
|
Dec. 31, 2011
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
CityPoint [Member]
|
Dec. 31, 2012
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
Clark Diversey [Member]
|
Dec. 31, 2011
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
Clark Diversey [Member]
|
Dec. 31, 2012
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
New Louden Center [Member]
|
Dec. 31, 2011
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
New Louden Center [Member]
|
Dec. 31, 2012
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
Crescent Plaza [Member]
|
Dec. 31, 2011
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
Crescent Plaza [Member]
|
Dec. 31, 2012
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
Pacesetter Park Shopping Center [Member]
|
Dec. 31, 2011
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
Pacesetter Park Shopping Center [Member]
|
Dec. 31, 2012
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
Elmwood Park Shopping Center [Member]
|
Dec. 31, 2011
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
Elmwood Park Shopping Center [Member]
|
Dec. 31, 2012
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
Chicago Street Retail Portfolio [Member]
|
Dec. 31, 2011
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
Chicago Street Retail Portfolio [Member]
|
Dec. 31, 2012
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
The Gateway Shopping Center [Member]
|
Dec. 31, 2011
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
The Gateway Shopping Center [Member]
|
Dec. 31, 2012
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
Acadia Cambridge [Member]
|
Dec. 31, 2011
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
Acadia Cambridge [Member]
|
Dec. 31, 2012
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
River Street [Member]
|
Dec. 31, 2011
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
River Street [Member]
|
Dec. 31, 2012
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
Walnut Hill Plaza [Member]
|
Dec. 31, 2011
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
Walnut Hill Plaza [Member]
|
Dec. 31, 2012
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
239 Greenwich Avenue [Member]
|
Dec. 31, 2011
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
239 Greenwich Avenue [Member]
|
Dec. 31, 2012
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
Merrillville Plaza [Member]
|
Dec. 31, 2011
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
Merrillville Plaza [Member]
|
Dec. 31, 2012
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
216th Street [Member]
|
Dec. 31, 2011
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
216th Street [Member]
|
Dec. 31, 2012
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
AP Shopping Plaza [Member]
|
Dec. 31, 2011
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
AP Shopping Plaza [Member]
|
Dec. 31, 2012
Fixed Interest Rate [Member]
Interest Rate Swap [Member]
|
Dec. 31, 2011
Fixed Interest Rate [Member]
Interest Rate Swap [Member]
|
Aug. 31, 2012
Mortgages Payable [Member]
Mortgages [Member]
Citypoint, One Percent [Member]
|
Aug. 31, 2012
Affiliated Entity [Member]
Mortgages [Member]
Citypoint, One Percent [Member]
|
||||||||||||||||||||||||||
| Debt Instrument [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Mortgages Payable | $ 727,100 | $ 647,739 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Mortgages payable | 727,048 | 647,739 | 74,000 | 50,000 | 69,600 | 56,500 | 20,000 | 292,886 | 359,950 | 332,693 | 239,898 | 28,900 | 28,900 | 15,273 | 0 | 73,499 | 50,000 | 22,750 | 0 | 21,000 | 0 | 82,205 | 84,277 | 6,381 | 0 | 6,484 | 0 | 9,192 | 9,310 | 20,650 | 20,650 | 33,833 | 34,000 | 12,526 | 12,761 | 93,050 | 177,079 | (132,857) | [1] | (57,027) | [1] | 0 | 136,079 | 0 | 1,000 | 0 | 40,000 | 93,050 | [2] | 0 | [2] | 434,269 | 287,756 | 19,478 | 0 | 16,426 | 0 | 5,262 | 0 | 4,431 | 0 | 20,000 | 20,000 | 4,345 | 4,491 | 13,634 | 13,882 | 17,025 | 17,287 | 11,742 | 11,941 | 33,258 | 33,738 | 15,835 | 0 | 20,036 | 20,308 | 6,931 | 0 | 4,197 | 0 | 23,194 | 23,458 | 26,000 | 26,000 | 26,151 | 26,250 | 25,500 | 25,500 | 7,967 | 7,874 | 132,857 | [1] | 57,027 | [1] | 5,200 | 14,800 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Number of Properties Collateralized | 35 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest rate, minimum | 1.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest rate, maximum | 7.25% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Proceeds from Issuance of Long-term Debt | 454,375 | 7,022 | 14,490 | 1,538 | 19,763 | 15,500 | 24,005 | [3] | 13,124 | [4] | 4,250 | 0 | 16,510 | 22,750 | 10,600 | 0 | 5,262 | [5] | 21,000 | 50,000 | [6] | 83,261 | 6,400 | 8,000 | 6,500 | 120,000 | 4,400 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt Instrument, Interest Rate, Stated Percentage | 6.26% | 5.62% | 5.55% | 5.85% | 3.68% | 6.35% | 1.00% | [5] | 4.20% | 6.65% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt Instrument, Description of Variable Rate Basis | LIBOR | LIBOR | [3] | LIBOR | [4] | LIBOR | LIBOR | LIBOR | LIBOR | [6] | LIBOR | LIBOR | LIBOR | LIBOR | LIBOR | LIBOR | LIBOR | LIBOR | LIBOR | LIBOR | LIBOR | LIBOR | LIBOR | LIBOR | LIBOR | LIBOR | LIBOR | LIBOR | LIBOR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt Instrument, Basis Spread on Variable Rate | 1.90% | 1.90% | [3] | 2.25% | [4] | 2.95% | 3.35% | 2.25% | 3.30% | [6] | 3.00% | 1.90% | 2.25% | 2.15% | 5.50% | 1.90% | 1.90% | 2.95% | 2.25% | 3.00% | 1.90% | 2.25% | 1.40% | 2.50% | 2.75% | 2.25% | 2.25% | 1.25% | 2.90% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Repayments of debt | 364,423 | 0 | 0 | 0 | 0 | 0 | 0 | [3] | 68,644 | [4] | 0 | 8,260 | 0 | 0 | 22,100 | 12,500 | 0 | [5] | 0 | 0 | [6] | 83,261 | 0 | 7,763 | 0 | 161,895 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest rate at December 31, 2011 | 5.71% | 2.11% | 2.11% | 3.16% | 2.46% | 3.21% | 2.11% | 2.46% | 1.61% | 2.71% | 2.96% | 2.46% | 2.46% | 1.46% | 3.11% | 5.85% | 6.35% | 1.00% | 6.65% | 7.25% | 6.35% | 5.64% | 4.98% | 5.12% | 5.53% | 5.55% | 5.44% | 6.26% | 3.68% | 6.06% | 5.42% | 5.88% | 5.80% | 4.20% | 5.41% | [1] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Unamortized premium | $ (107) | $ 33 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Definition
Number of Properties Collateralized No definition available.
|
| X | ||||||||||
|
- Definition
The percentage points added to the reference rate to compute the variable rate on the debt instrument. No definition available.
|
| X | ||||||||||
|
- Definition
Including current and noncurrent portions, aggregate carrying amount of long-term borrowings as of the balance sheet date before deducting unamortized discount or premiums (if any). May include notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt, which had initial maturities beyond one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The reference rate for the variable rate of the debt instrument, such as LIBOR or the US Treasury rate and the maturity of the reference rate used, such as three months or six months LIBOR. No definition available.
|
| X | ||||||||||
|
- Definition
The effective interest rate at the end of the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
When presenting a range of interest rates, the highest effective rate for funds borrowed under the debt agreement as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
When presenting a range of interest rates, the lowest effective rate for funds borrowed under the debt agreement as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Interest rate stated in the contractual debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The amount of debt premium that was originally recognized at the issuance of the instrument that has yet to be amortized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow from a debt initially having maturity due after one year or beyond the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
MORTGAGES PAYABLE Secured Credit Facilities (Details) (USD $)
|
12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Jan. 31, 2013
Revolving Credit Facility [Member]
Unsecured Debt [Member]
Subsequent Event [Member]
|
Dec. 31, 2012
Acadia Realty, LP [Member]
|
Dec. 31, 2011
Acadia Realty, LP [Member]
|
Dec. 31, 2012
Fund II [Member]
|
Dec. 31, 2011
Fund II [Member]
|
Dec. 31, 2012
Fund III [Member]
|
Dec. 31, 2011
Fund III [Member]
|
Dec. 31, 2012
Fund IV [Member]
|
Dec. 31, 2011
Fund IV [Member]
|
|||||
| Line of Credit Facility [Line Items] | |||||||||||||||
| Debt Instrument, Face Amount | $ 150,000,000 | ||||||||||||||
| Total amount of credit facility | 214,498,000 | 64,498,000 | [1] | 0 | 0 | 150,000,000 | |||||||||
| Amount borrowed | 93,050,000 | 177,079,000 | 0 | [1] | 1,000,000 | [1] | 0 | 40,000,000 | 0 | 136,079,000 | 93,050,000 | 0 | |||
| Net borrowings (repayments) during the year ended December 31, 2012 | (84,029,000) | (1,000,000) | [1] | (40,000,000) | (136,079,000) | 93,050,000 | |||||||||
| Letters of credit outstanding as of December 31, 2012 | 0 | 0 | [1] | 0 | 0 | 0 | |||||||||
| Amount available under credit facilities as of December 31, 2012 | $ 121,448,000 | $ 64,498,000 | [1] | $ 0 | $ 0 | $ 56,950,000 | |||||||||
|
|||||||||||||||
| X | ||||||||||
|
- Definition
The stated principal amount of the debt instrument at time of issuance, which may vary from the carrying amount because of unamortized premium or discount. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The total amount of the contingent obligation under letters of credit outstanding as of the reporting date. No definition available.
|
| X | ||||||||||
|
- Definition
Amount borrowed under the credit facility as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Decrease for amounts repaid on the credit facility for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
MORTGAGES PAYABLE Scheduled Principal Repayments (Details) (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2012
|
|---|---|
| Mortgage Loans on Real Estate [Abstract] | |
| 2013 | $ 108,974 |
| 2014 | 56,191 |
| 2015 | 325,388 |
| 2016 | 116,402 |
| 2017 | 81,192 |
| Thereafter | 39,938 |
| Long-term debt and convertible notes payable | $ 728,085 |
| X | ||||||||||
|
- Definition
Long-term Debt and Convertible Notes Payable No definition available.
|
| X | ||||||||||
|
- Definition
Amount of long-term debt, sinking fund requirements, and other securities redeemable at fixed or determinable prices and dates maturing after the fifth fiscal year following the latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of long-term debt, sinking fund requirements, and other securities redeemable at fixed or determinable prices and dates maturing in the next fiscal year following the latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of long-term debt, sinking fund requirements, and other securities redeemable at fixed or determinable prices and dates maturing in the fifth fiscal year following the latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of long-term debt, sinking fund requirements, and other securities redeemable at fixed or determinable prices and dates maturing in the fourth fiscal year following the latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of long-term debt, sinking fund requirements, and other securities redeemable at fixed or determinable prices and dates maturing in the third fiscal year following the latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of long-term debt, sinking fund requirements, and other securities redeemable at fixed or determinable prices and dates maturing in the second fiscal year following the latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
CONVERTIBLE NOTES PAYABLE (Details) (USD $)
|
0 Months Ended | 12 Months Ended | 60 Months Ended | ||||
|---|---|---|---|---|---|---|---|
|
Dec. 20, 2011
|
Dec. 31, 2012
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
Dec. 20, 2011
|
Jan. 31, 2007
|
|
| Convertible Notes Payable [Abstract] | |||||||
| Redemption of convertible notes payable | $ 0 | $ (48,997,000) | $ (240,000) | ||||
| Gains (Losses) on Extinguishment of Debt | (198,000) | 1,268,000 | 0 | ||||
| Convertible Notes Payable | 930,000 | 930,000 | 930,000 | ||||
|
Convertible Notes Payable [Member]
|
|||||||
| Convertible Notes Payable [Abstract] | |||||||
| Debt Instrument, Face Amount | 115,000,000 | ||||||
| Debt Instrument, Interest Rate, Stated Percentage | 3.75% | ||||||
| Debt Instrument, Convertible, Effective Interest Rate | 6.03% | ||||||
| Debt Instrument, Convertible, Conversion Price | $ 29.26 | $ 29.26 | $ 30.86 | ||||
| Common Shares Trading Price, Percentage of Conversion Price For Prior to Maturity Conversion | 130.00% | ||||||
| Measurement Period, Conversion Prior to Maturity | 20 days | ||||||
| Consecutive Trading Period | 30 days | ||||||
| Redemption Price, Percentage of Principal Amount Plus Accrued and Unpaid Interest | 100.00% | ||||||
| Required Repurchase Price, Percentage of Principal Amount Plus Accrued and Unpaid Interest | 100.00% | 100.00% | |||||
| Adjustments to Additional Paid in Capital, Equity Component of Convertible Debt, Subsequent Adjustments | 11,300,000 | ||||||
| Debt Instrument, Convertible, Carrying Amount of Equity Component | 1,100,000 | ||||||
| Interest expense relating to contractual interest coupon | 0 | 1,500,000 | 1,900,000 | ||||
| Additional non-cash interest expense | 800,000 | 1,000,000 | |||||
| Redemption of convertible notes payable | 24,000,000 | 114,100,000 | 48,800,000 | ||||
| Purchase of Convertible Notes Payable, Average Discount Rate | 11.00% | 11.00% | |||||
| Gains (Losses) on Extinguishment of Debt | $ (400,000) | ||||||
| X | ||||||||||
|
- Definition
Common Shares Trading Price, Percentage of Conversion Price For Prior to Maturity Conversion No definition available.
|
| X | ||||||||||
|
- Definition
Consecutive Trading Period No definition available.
|
| X | ||||||||||
|
- Definition
Debt Instrument, Convertible, Non-cash Interest Expense No definition available.
|
| X | ||||||||||
|
- Definition
Measurement Period, Conversion Prior to Maturity No definition available.
|
| X | ||||||||||
|
- Definition
Purchase of Convertible Notes Payable, Average Discount Rate No definition available.
|
| X | ||||||||||
|
- Definition
Redemption of Convertible Notes Payable No definition available.
|
| X | ||||||||||
|
- Definition
Redemption Price, Percentage of Principal Amount Plus Accrued and Unpaid Interest No definition available.
|
| X | ||||||||||
|
- Definition
Required Repurchase Price, Percentage of Principal Amount Plus Accrued and Unpaid Interest No definition available.
|
| X | ||||||||||
|
- Definition
The amount of subsequent adjustments to additional paid in capital for convertible financial instruments where a component of equity and a component of debt are recognized. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Including the current and noncurrent portions, carrying value as of the balance sheet date of a written promise to pay a note, initially due after one year or beyond the operating cycle if longer, which can be exchanged for a specified amount of one or more securities (typically common stock), at the option of the issuer or the holder. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The carrying amount of the equity component of convertible debt which may be settled in cash upon conversion. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The price per share of the conversion feature embedded in the debt instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The effective interest rate on the liability component of convertible debt instrument which may be settled in cash upon conversion, including partial cash settlement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The stated principal amount of the debt instrument at time of issuance, which may vary from the carrying amount because of unamortized premium or discount. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Interest rate stated in the contractual debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Represents the portion of interest incurred in the period on debt arrangements that was charged against earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) (USD $)
|
12 Months Ended | ||
|---|---|---|---|
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
| Accumulated other comprehensive income - unrealized loss on valuation of swap agreements | $ 4,300,000 | $ 3,900,000 | |
| Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months | 1,500,000 | ||
| Asset Impairment Charges | 0 | 6,925,000 | 0 |
|
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
|
|||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
| Derivative financial instruments | 0 | ||
|
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
|
|||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
| Derivative financial instruments | 4,416,000 | 3,500,000 | |
|
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
|
|||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
| Derivative financial instruments | 0 | ||
|
Cash Flow Hedging [Member] | Variable-Rate Derivatives, Maturing in April 2013 [Member]
|
|||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
| Derivative, Cap Interest Rate | 3.00% | ||
|
Cash Flow Hedging [Member] | Variable-Rate Derivatives, Maturing in August 2013 [Member]
|
|||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
| Derivative, Cap Interest Rate | 6.00% | ||
|
Cash Flow Hedging [Member] | Interest Rate Swap [Member] | Fixed-Rate Derivatives, Maturing between March 2012 and December 2022 [Member]
|
|||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
| Derivative, Number of Instruments Held | 7 | ||
| Notional Amount of Interest Rate Cash Flow Hedge Derivatives | 132,900,000 | ||
|
Cash Flow Hedging [Member] | Interest Rate Swap [Member] | Fixed-Rate Derivatives, Maturing between March 2012 and December 2022 [Member] | Minimum [Member]
|
|||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
| Derivative, Fixed Interest Rate | 1.57% | ||
|
Cash Flow Hedging [Member] | Interest Rate Swap [Member] | Fixed-Rate Derivatives, Maturing between March 2012 and December 2022 [Member] | Maximum [Member]
|
|||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
| Derivative, Fixed Interest Rate | 3.77% | ||
|
Cash Flow Hedging [Member] | Interest Rate Swap [Member] | Variable-Rate Derivatives [Member]
|
|||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
| Derivative, Number of Instruments Held | 4 | ||
| Notional Amount of Interest Rate Cash Flow Hedge Derivatives | 141,400,000 | ||
|
Fund I [Member] | Granville Centre [Member]
|
|||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
| Asset Impairment Charges | $ 7,000,000 | $ 6,900,000 | |
| X | ||||||||||
|
- Definition
Accumulated change, net of tax, in accumulated gains and losses from derivative instruments designated and qualifying as the effective portion of cash flow hedges. Includes an entity's share of an equity investee's Increase or Decrease in deferred hedging gains or losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The estimated net amount of existing gains or losses on cash flow hedges at the reporting date expected to be reclassified to earnings within the next 12 months. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Cap rate on an interest rate derivative such as an interest rate cap or collar. If market rates exceed the cap rate, a payment or receipt is triggered on the contract. No definition available.
|
| X | ||||||||||
|
- Definition
Derivative instrument obligations meeting the definition of a liability which the Company is a party to as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fixed interest rate related to the interest rate derivative. No definition available.
|
| X | ||||||||||
|
- Definition
The number of derivative instruments of a particular group held by the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The charge against earnings in the period to reduce the carrying amount of real property to fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Aggregate notional amount of all interest rate derivatives designated as hedging instruments in cash flow hedges. Notional amount refers to the monetary amount specified in the interest rate derivative contract. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS Fair Value by Balance Sheet Grouping (Details) (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2012
|
Dec. 31, 2011
|
|---|---|---|
|
Carrying (Reported) Amount, Fair Value Disclosure [Member]
|
||
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
| Notes Receivable | $ 129,278 | $ 59,989 |
| Mortgage Notes Payable and Convertible Notes Payable | 727,978 | 648,669 |
|
Estimate of Fair Value, Fair Value Disclosure [Member]
|
||
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
| Notes Receivable | 129,278 | 59,989 |
| Mortgage Notes Payable and Convertible Notes Payable | $ 734,807 | $ 652,269 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents loan receivable as presented on the statement of financial position which may include mortgage loans held for investment, finance receivables held for investment, policy loans on insurance contracts, or any other loans which are due the Company as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The fair value amount of long-term debt whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. No definition available.
|
|
SHAREHOLDERS' EQUITY AND NONCONTROLLING INTERESTS Common Shares (Details) (USD $)
In Millions, except Share data, unless otherwise specified |
1 Months Ended | 12 Months Ended | ||
|---|---|---|---|---|
|
Nov. 30, 2011
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
|
Common Stock [Member]
|
||||
| Class of Stock [Line Items] | ||||
| Issuance of Common Shares, net of issuance costs (in Shares) | 2,250,000 | 9,510,000 | 2,250,000 | |
| Proceeds from Issuance of Common Stock | $ 45.0 | |||
| Stock Issued During Period, Shares, Conversion of Units | 334,000 | 11,000 | 365,000 | |
|
At The Market Equity Program [Member]
|
||||
| Class of Stock [Line Items] | ||||
| Proceeds from Issuance of Common Stock | 140.8 | |||
|
At The Market Equity Program [Member] | Common Stock [Member]
|
||||
| Class of Stock [Line Items] | ||||
| Issuance of Common Shares, net of issuance costs (in Shares) | 6,100,000 | |||
|
Public Offering [Member]
|
||||
| Class of Stock [Line Items] | ||||
| Proceeds from Issuance of Common Stock | 85.9 | |||
|
Public Offering [Member] | Common Stock [Member]
|
||||
| Class of Stock [Line Items] | ||||
| Issuance of Common Shares, net of issuance costs (in Shares) | 3,500,000 | |||
|
Common Op Units Conversion To Common Shares [Member] | Common Stock [Member]
|
||||
| Class of Stock [Line Items] | ||||
| Stock Issued During Period, Shares, Conversion of Units | 250,000 | |||
|
Restricted Stock [Member]
|
||||
| Class of Stock [Line Items] | ||||
| Restricted Stock, Shares Canceled for Tax Withholding For Share Based Compensation | 8,595 | |||
|
LTIP Units and Restricted Stock [Member]
|
||||
| Class of Stock [Line Items] | ||||
| Allocated Share-based Compensation Expense | $ 3.6 | $ 4.0 | $ 3.8 | |
| X | ||||||||||
|
- Definition
Long Term Incentive and Share Based Compensation Expense No definition available.
|
| X | ||||||||||
|
- Definition
Restricted Stock, Shares Canceled for Tax Withholding For Share Based Compensation No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The cash inflow from the additional capital contribution to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of shares issued during the period upon the conversion of units. An example of a convertible unit is an umbrella partnership real estate investment trust unit (UPREIT unit). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Number of new stock issued during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
SHAREHOLDERS' EQUITY AND NONCONTROLLING INTERESTS Noncontrolling Interest (Details) (USD $)
|
0 Months Ended | 1 Months Ended | 3 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Nov. 29, 2011
|
Feb. 27, 2013
|
Dec. 31, 2012
|
Sep. 30, 2012
|
Jun. 30, 2012
|
Mar. 31, 2012
|
Dec. 31, 2011
|
Sep. 30, 2011
|
Jun. 30, 2011
|
Mar. 31, 2011
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
Dec. 31, 2012
LTIP Units [Member]
|
Dec. 31, 2011
LTIP Units [Member]
|
Dec. 31, 2011
Klaff [Member]
Restricted Stock [Member]
|
Dec. 31, 2005
Klaff [Member]
Restricted Stock [Member]
|
Dec. 31, 2012
Series A Preferred Stock [Member]
|
Dec. 31, 2012
Noncontrolling Interests
|
Dec. 31, 2011
Noncontrolling Interests
|
Dec. 31, 2010
Noncontrolling Interests
|
Dec. 31, 2012
Noncontrolling Interests
Partially-Owned Affiliates [Member]
|
Dec. 31, 2012
Operating Partnership, as General Partner or Managing Member [Member]
|
Dec. 31, 2011
Operating Partnership, as General Partner or Managing Member [Member]
|
Dec. 31, 2012
Operating Partnership, as General Partner or Managing Member [Member]
Series A Preferred Stock [Member]
|
Dec. 31, 2011
Operating Partnership, as General Partner or Managing Member [Member]
Series A Preferred Stock [Member]
|
Dec. 31, 2012
Operating Partnership, as General Partner or Managing Member [Member]
Noncontrolling Interests
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||||||||||||||||||||
| Balance | $ 385,195,000 | $ 385,195,000 | $ 375,203,000 | $ 9,992,000 | |||||||||||||||||||||||
| Distributions declared of $0.72 per Common OP Unit | 0 | (1,098,000) | |||||||||||||||||||||||||
| Distributions declared | $ 0.18 | $ 0.21 | $ 0.18 | $ 0.18 | $ 0.18 | $ 0.18 | $ 0.18 | $ 0.18 | $ 0.18 | $ 0.18 | $ 0.72 | $ 0.72 | $ 0.72 | ||||||||||||||
| Net income for the period January 1 through December 31, 2012 | 50,230,000 | 2,160,000 | 20,610,000 | 49,702,000 | 528,000 | ||||||||||||||||||||||
| Conversion of 334,445 OP Units to Common Shares by limited partners of the Operating Partnership | (5,880,000) | (56,000) | (3,240,000) | 0 | (5,880,000) | ||||||||||||||||||||||
| Issuance of LTIP Unit awards to employees | 2,577,000 | 2,441,000 | 2,577,000 | 2,441,000 | 0 | 2,577,000 | |||||||||||||||||||||
| Issuance of OP Units to acquire real estate | 2,279,000 | 0 | 0 | 2,279,000 | 0 | 2,279,000 | |||||||||||||||||||||
| Other comprehensive income - unrealized loss on valuation of swap agreements | (3,519,000) | (5,611,000) | (2,683,000) | (1,704,000) | (2,150,000) | (354,000) | (1,632,000) | (72,000) | |||||||||||||||||||
| Reclassification of realized interest on swap agreements | (2,268,000) | (3,081,000) | (2,749,000) | (847,000) | (676,000) | (283,000) | 827,000 | 20,000 | |||||||||||||||||||
| Noncontrolling Interest contributions | 172,228,000 | 117,945,000 | 33,556,000 | 172,228,000 | 117,945,000 | 33,556,000 | 172,228,000 | 0 | |||||||||||||||||||
| Noncontrolling interest distributions and other reductions | (160,663,000) | (7,697,000) | (2,892,000) | (160,663,000) | (7,697,000) | (2,892,000) | (160,663,000) | 0 | |||||||||||||||||||
| Employee Long-term Incentive Plan Unit Awards | 3,640,000 | 4,032,000 | 3,838,000 | 3,448,000 | 3,550,000 | 1,778,000 | 0 | 3,448,000 | |||||||||||||||||||
| Balance | 447,459,000 | 385,195,000 | 447,459,000 | 385,195,000 | 435,665,000 | 11,794,000 | |||||||||||||||||||||
| Series A Preferred OP Units | 284,097 | 279,748 | 188 | 188 | |||||||||||||||||||||||
| Limited Partners' Capital Account, Value Per Unit | 1,000 | 1,000 | |||||||||||||||||||||||||
| Per Unit Conversion Amount, Series A Preferred OP Units | 22.50 | ||||||||||||||||||||||||||
| Per Unit Conversion Annual Rate, Series A Preferred OP Units | 9.00% | ||||||||||||||||||||||||||
| Share-based Compensation, Units Outstanding | 1,109,727 | 1,061,564 | |||||||||||||||||||||||||
| Units issued for interest in contractual rights (in shares) | 250,000 | ||||||||||||||||||||||||||
| Units issued for interest in contractual rights, converted (in shares) | 250,000 | ||||||||||||||||||||||||||
| Limited Partners' Capital Account, Units Issued and Converted | 334,445 | 334,445 | 1,392 | ||||||||||||||||||||||||
| Share-based Compensation, Units converted from Series A Preferred OP Units | 185,600 | 185,600 | |||||||||||||||||||||||||
| Denominator for Series A Preferred OP Unit Conversion | $ 7.50 | $ 7.50 | |||||||||||||||||||||||||
| X | ||||||||||
|
- Definition
Denominator for Series A Preferred OP Unit Conversion No definition available.
|
| X | ||||||||||
|
- Definition
Issuance of LTIP unit awards to employees adjustment to non-controlling interests. No definition available.
|
| X | ||||||||||
|
- Definition
Issuance of OP Units to Acquire Real Estate No definition available.
|
| X | ||||||||||
|
- Definition
Limited Partners' Capital Account, Value Per Unit No definition available.
|
| X | ||||||||||
|
- Definition
Per Unit Conversion Amount, Preferred OP Units No definition available.
|
| X | ||||||||||
|
- Definition
Per Unit Conversion Annual Rate, Preferred OP Units No definition available.
|
| X | ||||||||||
|
- Definition
Share Based Compensation, Convertible Feature, Operating Partnership Units, Shares Converted to Common Stock No definition available.
|
| X | ||||||||||
|
- Definition
Share-based Compensation, Units converted from Series A Preferred OP Units No definition available.
|
| X | ||||||||||
|
- Definition
Share-based Compensation, Units Outstanding No definition available.
|
| X | ||||||||||
|
- Definition
Shares Issued in Exchange for Interest in Contract Rights No definition available.
|
| X | ||||||||||
|
- Definition
Shares Issued in Exchange for Interest in Contractual Rights, Shares Converted into Common Stock No definition available.
|
| X | ||||||||||
|
- Definition
Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Equity impact of common stock cash dividends declared by an entity during the period. This element includes paid and unpaid dividends declared during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The number of limited partner units outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (that is, noncontrolling interest, previously referred to as minority interest). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Decrease in noncontrolling interest balance from payment of dividends or other distributions by the non-wholly owned subsidiary or partially owned entity, included in the consolidation of the parent entity, to the noncontrolling interest holders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Represents an increase in noncontrolling interest from issuance of additional equity interests to noncontrolling interest holders or the sale of a portion of the parent's controlling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Net of tax amount of the income statement impact of the reclassification adjustment of accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges realized in net income. Also includes reclassification adjustments of an entity's share of an equity investee's deferred hedging gain (loss) realized in net income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Net of tax amount, before reclassification adjustments, of the change in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges. Also includes an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Value of stock issued during the period upon the conversion of units. An example of a convertible unit is an umbrella partnership real estate investment trust unit (UPREIT unit). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Value of stock related to Restricted Stock Awards issued during the period, net of the stock value of such awards forfeited. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
RELATED PARTY TRANSACTIONS (Details) (USD $)
|
12 Months Ended | 12 Months Ended | 1 Months Ended | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2012
Lead Trustee [Member]
|
Dec. 31, 2011
Lead Trustee [Member]
|
Dec. 31, 2010
Lead Trustee [Member]
|
Dec. 31, 2012
Unconsolidated Affiliates [Member]
|
Dec. 31, 2011
Unconsolidated Affiliates [Member]
|
Dec. 31, 2012
Core Portfolio [Member]
Brandywine Portfolio [Member]
|
Dec. 31, 2011
Core Portfolio [Member]
Brandywine Portfolio [Member]
|
Dec. 31, 2010
Core Portfolio [Member]
Brandywine Portfolio [Member]
|
Feb. 28, 2010
Restricted Stock [Member]
Klaff [Member]
|
|
| Related Party Transaction [Line Items] | |||||||||||
| Units issued for interest in contractual rights (in shares) | 250,000 | ||||||||||
| Units issued for interest in contractual rights, converted (in shares) | 250,000 | ||||||||||
| Related party revenue | $ 800,000 | $ 1,300,000 | $ 800,000 | ||||||||
| Receivable from related parties | 210,000 | 1,375,000 | 210,000 | 1,376,000 | |||||||
| Related party transaction expense | $ 100,000 | $ 100,000 | $ 100,000 | ||||||||
| X | ||||||||||
|
- Definition
Shares Issued in Exchange for Interest in Contract Rights No definition available.
|
| X | ||||||||||
|
- Definition
Shares Issued in Exchange for Interest in Contractual Rights, Shares Converted into Common Stock No definition available.
|
| X | ||||||||||
|
- Definition
For an unclassified balance sheet, amounts due from related parties including affiliates, employees, joint ventures, officers and stockholders, immediate families thereof, and pension funds. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Expenses recognized resulting from transactions (excluding transactions that are eliminated in consolidated or combined financial statements) with related party. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of revenue, fees and commissions earned from transactions between (a) a parent company and its subsidiaries; (b) subsidiaries of a common parent; (c) an entity and trusts for the benefit of employees, for example, but not limited to, pension and profit-sharing trusts that are managed by or under the trusteeship of the entity's management; (d) an entity and its principal, owners, management, or members of their immediate families; and (e) affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
TENANT LEASES (Details) (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2012
|
|---|---|
| Operating Leases, Future Minimum Payments Receivable [Abstract] | |
| 2013 | $ 102,003 |
| 2014 | 93,026 |
| 2015 | 86,460 |
| 2016 | 81,154 |
| 2017 | 73,551 |
| Thereafter | 533,293 |
| Total | $ 969,487 |
| X | ||||||||||
|
- Definition
Future minimum rental payments in aggregate as of the balance sheet date under operating leases. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Future rental payments receivable within one year of the balance sheet date under an operating lease. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Future rental payments receivable within the fifth year from the balance sheet date under an operating lease. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Future rental payments receivable within the fourth year from the balance sheet date under an operating lease. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Future rental payments receivable within the third year from the balance sheet date under an operating lease. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Future rental payments receivable within the second year from the balance sheet date under an operating lease. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Future minimum lease payments receivable under operating leases for periods greater than five years following the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
LEASE OBLIGATIONS (Details) (USD $)
|
12 Months Ended | ||
|---|---|---|---|
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
| Operating Leases, Future Minimum Payments Due [Abstract] | |||
| 2013 | $ 4,248,000 | ||
| 2014 | 4,174,000 | ||
| 2015 | 4,362,000 | ||
| 2016 | 3,256,000 | ||
| 2017 | 3,256,000 | ||
| Thereafter | 126,425,000 | ||
| Total | 145,721,000 | ||
|
Minimum [Member]
|
|||
| Operating Leased Assets [Line Items] | |||
| Period of lease term | 20 years | ||
|
Maximum [Member]
|
|||
| Operating Leased Assets [Line Items] | |||
| Period of lease term | 71 years | ||
|
Ground Rent [Member]
|
|||
| Operating Leased Assets [Line Items] | |||
| Operating Leases, Rent Expense | 3,200,000 | 2,200,000 | 3,200,000 |
|
Properties Under Development [Member]
|
|||
| Operating Leased Assets [Line Items] | |||
| Rent expense capitalized | (800,000) | 200,000 | (500,000) |
|
White Plains Corporate Office [Member]
|
|||
| Operating Leased Assets [Line Items] | |||
| Operating Leases, Rent Expense | $ 1,400,000 | $ 1,400,000 | $ 1,500,000 |
|
Property Subject to Operating Lease [Member]
|
|||
| Operating Leased Assets [Line Items] | |||
| Number of properties leased | 8 | ||
| X | ||||||||||
|
- Definition
Capitalized, Rent Expense No definition available.
|
| X | ||||||||||
|
- Definition
Operating Lease Lessee Period of Lease Term No definition available.
|
| X | ||||||||||
|
- Definition
Rental expense incurred for leased assets including furniture and equipment which has not been recognized in costs and expenses applicable to sales and revenues; for example, cost of goods sold or other operating costs and expenses. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of required minimum rental payments for leases having an initial or remaining non-cancelable letter-terms in excess of one year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of required minimum rental payments maturing in the next fiscal year following the latest fiscal year for operating leases having an initial or remaining non-cancelable letter-terms in excess of one year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of required minimum rental payments maturing in the fifth fiscal year following the latest fiscal year for operating leases having an initial or remaining non-cancelable letter-terms in excess of one year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of required minimum rental payments maturing in the forth fiscal year following the latest fiscal year for operating leases having an initial or remaining non-cancelable letter-terms in excess of one year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of required minimum rental payments maturing in the third fiscal year following the latest fiscal year for operating leases having an initial or remaining non-cancelable letter-terms in excess of one year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of required minimum rental payments maturing in the second fiscal year following the latest fiscal year for operating leases having an initial or remaining non-cancelable letter-terms in excess of one year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of required minimum rental payments maturing after the fifth fiscal year following the latest fiscal year for operating leases having an initial or remaining non-cancelable letter-terms in excess of one year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of units (items of property) under operating lease arrangements. No definition available.
|
|
SHARE INCENTIVE PLAN Share Incentive Plan (Details) (USD $)
|
12 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
Dec. 31, 2012
Trustee [Member]
|
Mar. 15, 2012
Officer [Member]
|
Dec. 31, 2012
2006 Plan [Member]
|
Mar. 15, 2012
LTIP Units [Member]
Officer [Member]
|
May 10, 2012
Restricted Stock [Member]
Trustee [Member]
|
Mar. 15, 2012
Restricted Stock [Member]
Officer [Member]
|
Mar. 15, 2012
Restricted Stock [Member]
Other Employees [Member]
|
Dec. 31, 2009
Long Term Investment Alignment Program [Member]
Senior Executives [Member]
|
Dec. 31, 2012
Long Term Investment Alignment Program [Member]
Senior Executives [Member]
|
Dec. 31, 2012
LTIP Units and Restricted Stock [Member]
|
Dec. 31, 2011
LTIP Units and Restricted Stock [Member]
|
Dec. 31, 2010
LTIP Units and Restricted Stock [Member]
|
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||
| Share-based Compensation Arrangement by Share-based Payment Award, Increase in Number of Shares Authorized | 1,900,000 | ||||||||||||||
| Maximum Equivalent Value of Common Shares a Participant Can be Awarded | 2,100,000 | ||||||||||||||
| Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures | 279,611 | 19,360 | 1,358 | 9,435 | |||||||||||
| Percent of Awards Issued to Officers Subject to Performance Measures | 17.00% | ||||||||||||||
| Total Value of Restricted Shares and LTIP Units as of the Grant Date | $ 6,400,000 | ||||||||||||||
| Share compensation expense | 4,021,000 | 4,299,000 | 4,104,000 | 2,600,000 | |||||||||||
| Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized | 9,600,000 | 3,800,000 | |||||||||||||
| Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value | $ 21.98 | $ 19.08 | $ 16.73 | ||||||||||||
| Long Term Incentive and Share Based Compensation Expense | 3,600,000 | 4,000,000 | 3,800,000 | ||||||||||||
| Shares Granted to Trustees for Trustee Fees Vesting on One Year Anniversary of Grant Date | 8,983 | ||||||||||||||
| Shares Granted to Trustees for Trustee Fees Begin Vesting on Two Year Anniversary of Grant Date | 10,377 | ||||||||||||||
| Annual Vesting Rate of Shares Granted to Trustees That Begin Vesting on the Second Anniversary of Grant Date | 33.00% | ||||||||||||||
| Trustee Fees | $ 0.2 | ||||||||||||||
| Max Percentage of Future Fund III Promote That May be Awarded to Senior Executives | 25.00% | ||||||||||||||
| Percent of Units Awarded | 81.00% | ||||||||||||||
| Options Outstanding and Vested to Officers and Employees | 100,647 | ||||||||||||||
| Options Outstanding and Vested to Non Employee Turstees | 37,000 | ||||||||||||||
| X | ||||||||||
|
- Definition
Long Term Incentive and Share Based Compensation Expense No definition available.
|
| X | ||||||||||
|
- Definition
Maximum Percentage of Promote To Be Awarded as Share Based Compensation Awards. Promote is defined as the amount above a certain performance measurement threshold. No definition available.
|
| X | ||||||||||
|
- Definition
Percent of Awards Issued to Officers Subject to Performance Measures No definition available.
|
| X | ||||||||||
|
- Definition
Percent of Units Awarded No definition available.
|
| X | ||||||||||
|
- Definition
Share-based Compensation Arrangement by Share-based Payment Award, Increase in Number of Shares Authorized No definition available.
|
| X | ||||||||||
|
- Definition
Share-based Compensation, Granted, for Service, Vesting After One Year Anniversary of Grant Date No definition available.
|
| X | ||||||||||
|
- Definition
Share-based Compensation, Granted, for Service, Vesting on One Year Anniversary of Grant Date No definition available.
|
| X | ||||||||||
|
- Definition
Share-based Compensation, Granted, for Service, Vesting Rate Beginning on the First Anniversary of Grant Date No definition available.
|
| X | ||||||||||
|
- Definition
Share-based Compensation, Share-based Payment Award, Options Outstanding and Vested No definition available.
|
| X | ||||||||||
|
- Definition
Share-based Goods and Nonemployee Services Transaction, Options Outstanding and Vested No definition available.
|
| X | ||||||||||
|
- Definition
As of the balance sheet date, the aggregate unrecognized cost of equity-based awards made to employees under equity-based compensation awards that have yet to vest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The maximum number of shares (or other type of equity) originally approved (usually by shareholders and board of directors), net of any subsequent amendments and adjustments, for awards under the equity-based compensation plan. As stock or unit options and equity instruments other than options are awarded to participants, the shares or units remain authorized and become reserved for issuance under outstanding awards (not necessarily vested). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average grant-date fair value of options granted during the reporting period as calculated by applying the disclosed option pricing methodology. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Value of stock (or other type of equity) granted during the period as a result of any equity-based compensation plan other than an employee stock ownership plan (ESOP), net of any shares forfeited. This element is not the recognition of equity-based compensation expense in pursuant to FAS 123R. That element is AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue (Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition, Value). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Number of shares (or other type of equity) issued during the period as a result of any equity-based compensation plan other than an employee stock ownership plan (ESOP), net of any shares forfeited. Shares issued could result from the issuance of restricted stock, the exercise of stock options, stock issued under employee stock purchase plans, and/or other employee benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fees charged annually for the professional services of a trustee, usually quoted as a percentage of the funds being managed. The fee for appointing an offshore Trustee is included in the trust price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
SHARE INCENTIVE PLAN Schedule of Options Activity (Details) (USD $)
In Thousands, except Share data, unless otherwise specified |
12 Months Ended | ||
|---|---|---|---|
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
| Options outstanding and exercisable, Beginning of period | 150,283 | 152,283 | |
| Options outstanding and exercisable, End of period | 137,647 | 150,283 | 152,283 |
| Options outstanding and exercisable, Weighted average exercise price, Beginning of period | $ 18.33 | $ 18.20 | |
| Options exercised in period, Weighted average exercise price | $ 14.23 | $ 8.21 | |
| Options outstanding and exercisable, Weighted average exercise price, End of period | $ 18.71 | $ 18.33 | $ 18.20 |
| Options outstanding, Weighted average remaining contractual term | 2 years 7 months 6 days | 3 years 6 months | 4 years 6 months |
| Options exercised, Aggregate intrinsic value | $ 137 | $ 24 | $ 30 |
| Options outstanding and exercisable, Aggregate intrinsic value | $ 877 | $ 272 | $ 6 |
|
Common Stock [Member]
|
|||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
| Exercised | (12,636) | (2,000) | (7,000) |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The total accumulated difference between fair values of underlying shares on dates of exercise and exercise price on options which were exercised (or share units converted) into shares during the reporting period under the plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of shares reserved for issuance under stock option agreements awarded under the plan that validly exist and are outstanding as of the balance sheet date, including vested options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Weighted average price at which grantees can acquire the shares reserved for issuance under the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Weighted average remaining contractual term for option awards outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of difference between fair value of the underlying shares reserved for issuance and exercise price of fully vested and expected to vest options that are exercisable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Weighted average price at which option holders acquired shares when converting their stock options into shares. No definition available.
|
| X | ||||||||||
|
- Definition
Number of share options (or share units) exercised during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
SHARE INCENTIVE PLAN Schedule of Unvested Shares and LTIP Units (Details) (USD $)
|
12 Months Ended | ||
|---|---|---|---|
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
| Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized | $ 9,600,000 | ||
| Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Period for Recognition | 1 year 7 months 6 days | ||
|
Restricted Stock [Member]
|
|||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
| Shares unvested, Beginning of period | 75,739 | 153,430 | |
| Shares granted | 30,153 | 32,970 | |
| Shares vested | (43,819) | (104,196) | |
| Shares forfeited | (1,157) | (6,465) | |
| Shares unvested, End of period | 60,916 | 75,739 | 153,430 |
| Shares unvested, Weighted average grant date fair value, Beginning of period | $ 18.25 | $ 19.75 | |
| Shares granted, Weighted average grant date fair value | $ 21.88 | $ 19.13 | |
| Shares vested, Weighted average grant date fair value | $ 19.29 | $ 20.95 | |
| Shares forfeited, Weighted average grant date fair value | $ 16.02 | $ 14.73 | |
| Shares unvested, Weighted average grant date fair value, End of period | $ 19.36 | $ 18.25 | $ 19.75 |
| Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Total Fair Value | $ 800,000.0 | $ 2,200,000.0 | $ 3,000,000.0 |
|
LTIP Units [Member]
|
|||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
| Shares unvested, Beginning of period | 838,898 | 562,739 | |
| Shares granted | 281,714 | 431,412 | |
| Shares vested | (176,926) | (153,895) | |
| Shares forfeited | 0 | (1,358) | |
| Shares unvested, End of period | 943,686 | 838,898 | |
| Shares unvested, Weighted average grant date fair value, Beginning of period | $ 17.85 | $ 16.61 | |
| Shares granted, Weighted average grant date fair value | $ 21.99 | $ 19.08 | |
| Shares vested, Weighted average grant date fair value | $ 16.92 | $ 16.78 | |
| Shares forfeited, Weighted average grant date fair value | $ 0.00 | $ 16.86 | |
| Shares unvested, Weighted average grant date fair value, End of period | $ 19.27 | $ 17.85 | |
| X | ||||||||||
|
- Definition
As of the balance sheet date, the aggregate unrecognized cost of equity-based awards made to employees under equity-based compensation awards that have yet to vest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Weighted average period over which unrecognized compensation is expected to be recognized for equity-based compensation plans, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Weighted average fair value as of the grant date of equity-based award plans other than stock (unit) option plans that were not exercised or put into effect as a result of the occurrence of a terminating event. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average fair value of nonvested awards on equity-based plans excluding option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, revenue or profit achievement stock award plan) for which the employer is contingently obligated to issue equity instruments or transfer assets to an employee who has not yet satisfied service or performance criteria necessary to gain title to proceeds from the sale of the award or underlying shares or units. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The total fair value of equity-based awards for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average fair value as of grant date pertaining to an equity-based award plan other than a stock (or unit) option plan for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
EMPLOYEE SHARE PURCHASE AND DEFERRED SHARE PLAN (Details) (USD $)
|
12 Months Ended | ||
|---|---|---|---|
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
| Employee share purchase discount rate (in percent) | 15.00% | ||
| Employee share purchase maximum purchase amount | $ 25,000 | ||
| Employee share purchase compensation expense | 10,000 | 10,000 | 20,000 |
|
Trustee [Member] | Deferred Compensation [Member]
|
|||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
| Deferred compensation arrangement compensation expense | $ 60,000 | $ 60,000 | $ 60,000 |
|
Common Stock [Member]
|
|||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
| Employee share purchase (in shares) | 3,829 | 4,886 | 6,184 |
| X | ||||||||||
|
- Definition
Employee Stock Ownership Plan, Allowable Share Purchase Amount Per Annum, Maximum No definition available.
|
| X | ||||||||||
|
- Definition
Employee Stock Ownership Plan, Purchase Discount Rate No definition available.
|
| X | ||||||||||
|
- Definition
The compensation expense recognized during the period pertaining to the deferred compensation arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of plan compensation cost recognized during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Number of shares issued during the period as a result of an employee stock purchase plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
EMPLOYEE 401(K) PLAN (Details) (USD $)
In Millions, unless otherwise specified |
12 Months Ended | ||
|---|---|---|---|
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
| Defined Contribution Plan [Line Items] | |||
| Employer matching contribution (in percent) | 50.00% | ||
| Maximum employee annual salary contribution (in percent) | 15.00% | ||
| Maximum employee annual salary contribution amount | $ 0 | ||
| Employer contribution | $ 0.3 | $ 0.2 | $ 0.2 |
|
Maximum [Member]
|
|||
| Defined Contribution Plan [Line Items] | |||
| Maximum annual contribution per employee (in percent) | 6.00% | ||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Defined Contribution Plan, Maximum employee annual salary contribution amount No definition available.
|
| X | ||||||||||
|
- Definition
Defined Contribution Plan, Maximum employee annual salary contribution percentage No definition available.
|
| X | ||||||||||
|
- Definition
The amount of the cost recognized during the period for defined contribution plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Percentage of employees' gross pay for which the employer contributes a matching contribution to a defined contribution plan. No definition available.
|
| X | ||||||||||
|
- Definition
Maximum percentage of employee gross pay, by the terms of the plan, that the employer may contribute to a defined contribution plan. No definition available.
|
|
DIVIDENDS AND DISTRIBUTIONS PAYABLE (Details) (USD $)
|
0 Months Ended | 1 Months Ended | 3 Months Ended | 12 Months Ended | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Nov. 29, 2011
|
Feb. 27, 2013
|
Dec. 31, 2012
|
Sep. 30, 2012
|
Jun. 30, 2012
|
Mar. 31, 2012
|
Dec. 31, 2011
|
Sep. 30, 2011
|
Jun. 30, 2011
|
Mar. 31, 2011
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
| Dividends, Common Stock [Abstract] | |||||||||||||
| Cash dividends declared per Common Share | $ 0.18 | $ 0.21 | $ 0.18 | $ 0.18 | $ 0.18 | $ 0.18 | $ 0.18 | $ 0.18 | $ 0.18 | $ 0.18 | $ 0.72 | $ 0.72 | $ 0.72 |
| X | ||||||||||
|
- Definition
Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
FEDERAL INCOME TAXES Tax Status of Dividends (Details)
|
12 Months Ended | ||
|---|---|---|---|
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
| Income Tax Contingency [Line Items] | |||
| Required Distribution Rate to Maintain REIT Status (in percent) | 90.00% | ||
| Ordinary income | 63.00% | 75.00% | 100.00% |
| Qualified dividend | 0.00% | 22.00% | 0.00% |
| Capital gain | 37.00% | 3.00% | 0.00% |
| Total | 100.00% | 100.00% | 100.00% |
| X | ||||||||||
|
- Definition
Allocation Of Dividends, Capital Gain, Percent No definition available.
|
| X | ||||||||||
|
- Definition
Allocation Of Dividends, Ordinary Income, Percent No definition available.
|
| X | ||||||||||
|
- Definition
Allocation of Dividends, Percent No definition available.
|
| X | ||||||||||
|
- Definition
Allocation Of Dividends, Qualified Dividend, Percent No definition available.
|
| X | ||||||||||
|
- Definition
Required Distribution Rate to Maintain REIT Status No definition available.
|
| X | ||||||||||
|
- Details
|
|
FEDERAL INCOME TAXES Income and Provision for Income Taxes (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 12 Months Ended | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2012
|
Sep. 30, 2012
|
Jun. 30, 2012
|
Mar. 31, 2012
|
Dec. 31, 2011
|
Sep. 30, 2011
|
Jun. 30, 2011
|
Mar. 31, 2011
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
| Income Tax Contingency [Line Items] | |||||||||||
| TRS (loss) income before income taxes | $ 9,986 | $ 5,519 | $ 50,016 | ||||||||
| (Benefit) provision for income taxes: | |||||||||||
| TRS net (loss) income before noncontrolling interests | 8,682 | 6,238 | 5,677 | 3,437 | 3,462 | 3,514 | 3,841 | 7,897 | 24,034 | 18,713 | 28,233 |
| Noncontrolling interests | 50,230 | 2,160 | 20,610 | ||||||||
| TRS net (loss) income | 89,936 | 53,715 | 50,667 | ||||||||
|
TRS [Member]
|
|||||||||||
| Income Tax Contingency [Line Items] | |||||||||||
| TRS (loss) income before income taxes | (2,056) | 376 | 5,716 | ||||||||
| (Benefit) provision for income taxes: | |||||||||||
| Federal | (592) | 222 | 2,164 | ||||||||
| State and local | (147) | 59 | 543 | ||||||||
| TRS net (loss) income before noncontrolling interests | (1,317) | 95 | 3,009 | ||||||||
| Noncontrolling interests | 702 | 1,245 | (545) | ||||||||
| TRS net (loss) income | $ (615) | $ 1,340 | $ 2,464 | ||||||||
| X | ||||||||||
|
- Definition
The component of income tax expense for the period representing amounts paid or payable (or refundable) as determined by applying the provisions of enacted federal tax law to the domestic taxable Income or Loss from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The component of income tax expense for the period representing amounts paid or payable (or refundable) as determined by applying the provisions of enacted state and local tax law to relevant amounts of taxable Income or Loss from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of income (loss) from continuing operations attributable to the parent. Also defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of earnings or loss from continuing operations before income taxes that is attributable to domestic operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
FEDERAL INCOME TAXES Tax Reconciliation (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
|---|---|---|---|
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
| Income Tax Contingency [Line Items] | |||
| Federal (benefit) provision at statutory tax rate | $ (699) | $ 128 | $ 1,943 |
| TRS state and local taxes, net of federal benefit | (109) | 20 | 358 |
| Permanent differences, net | 809 | (279) | 406 |
| Prior year overaccrual, net | (553) | 0 | 0 |
| Restricted stock vesting | (159) | 266 | 0 |
| Other | (35) | 133 | (21) |
| REIT state and local income and franchise taxes | 178 | 193 | 183 |
| Total (benefit) provision for income taxes | $ (568) | $ 461 | $ 2,869 |
| X | ||||||||||
|
- Definition
Income Tax Reconciliation, Permanent Differences, Net No definition available.
|
| X | ||||||||||
|
- Definition
Income Tax Reconciliation, Real Estate Investment Trust State and Local Income Taxes and Franchise Taxes No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of income tax expense or benefit for the period computed by applying the domestic federal statutory tax rates to pretax income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of the difference between total income tax expense or benefit as reported in the Income Statement for the period and the expected income tax expense or benefit computed by applying the domestic federal statutory income tax rates to pretax income from continuing operations attributable to differences in the deductibility of incentive stock options and other equity-based compensation costs in accordance with generally accepted accounting principles and enacted tax laws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of the difference, between total income tax expense or benefit as reported in the Income Statement for the year/accounting period and the expected income tax expense or benefit computed by applying the domestic federal statutory income tax rates to pretax income from continuing operations, that is attributable to all other items not otherwise listed in the existing taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of the difference between total income tax expense or benefit as reported in the Income Statement for the current period and the expected income tax expense or benefit computed attributable to revisions of previously reported income tax expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of the difference, between total income tax expense or benefit as reported in the Income Statement for the period and the expected income tax expense or benefit computed by applying the domestic federal statutory income tax rates to pretax income from continuing operations, that is attributable to state and local income tax expense or benefit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
EARNINGS PER COMMON SHARE (Details) (USD $)
In Thousands, except Share data, unless otherwise specified |
3 Months Ended | 12 Months Ended | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2012
|
Sep. 30, 2012
|
Jun. 30, 2012
|
Mar. 31, 2012
|
Dec. 31, 2011
|
Sep. 30, 2011
|
Jun. 30, 2011
|
Mar. 31, 2011
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
| Numerator: | |||||||||||
| Income from continuing operations | $ 8,682 | $ 6,238 | $ 5,677 | $ 3,437 | $ 3,462 | $ 3,514 | $ 3,841 | $ 7,897 | $ 24,034 | $ 18,713 | $ 28,233 |
| Less: net income attributable to participating securities | 466 | 384 | 389 | ||||||||
| Income from continuing operations net of income | 23,568 | 18,329 | 27,844 | ||||||||
| Effect of dilutive securities: | |||||||||||
| Preferred OP Unit distributions | 18 | 18 | 18 | ||||||||
| Numerator for diluted earnings per Common Share | $ 23,586 | $ 18,347 | $ 27,862 | ||||||||
| Denominator: | |||||||||||
| Weighted average shares for basic earnings per share | 45,854,000 | 40,697,000 | 40,136,000 | ||||||||
| Effect of dilutive securities: | |||||||||||
| Employee share options | 456,000 | 264,000 | 245,000 | ||||||||
| Convertible Preferred OP Units | 25,000 | 25,000 | 25,000 | ||||||||
| Dilutive potential Common Shares | 481,000 | 289,000 | 270,000 | ||||||||
| Denominator for diluted earnings per share | 50,582,584 | 46,812,349 | 44,673,565 | 43,146,093 | 42,066,390 | 40,628,781 | 40,633,317 | 40,580,173 | 46,335,000 | 40,986,000 | 40,406,000 |
| Basic earnings per Common Share from continuing operations attributable to Common Shareholders | $ 0.17 | $ 0.13 | $ 0.13 | $ 0.08 | $ 0.08 | $ 0.09 | $ 0.09 | $ 0.19 | $ 0.51 | $ 0.45 | $ 0.69 |
| Diluted earnings per Common Share from continuing operations attributable to Common Shareholders | $ 0.17 | $ 0.13 | $ 0.13 | $ 0.08 | $ 0.08 | $ 0.09 | $ 0.09 | $ 0.19 | $ 0.51 | $ 0.45 | $ 0.69 |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 25,067 | 25,067 | 25,067 | ||||||||
|
Series A Preferred Stock [Member] | Acadia Realty, LP [Member]
|
|||||||||||
| Schedule of Earnings Per Share, Basic and Diluted [Line Items] | |||||||||||
| Series A Preferred OP Units | 188 | 188 | 188 | 188 | 188 | ||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Incremental Common Shares Attributable to Conversion of Preferred Partnership Units No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The amount of adjustments to net income (loss) resulting from the assumption that dilutive convertible securities were converted. This amount excludes adjustments related to ESOP convertible preferred stock, stock options, and restrictive stock units. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of income (loss) from continuing operations attributable to the parent. Also defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of share based payment arrangements using the treasury stock method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of limited partner units outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The earnings that is allocated to common stock and participating securities to the extent that each security may share in earnings as if all of the earnings for the period had been distributed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Earnings allocated (not distributed) to participating securities under the two-class method to the extent that participating securities may share in earnings as if all of the earnings for the period had been distributed. No definition available.
|
| X | ||||||||||
|
- Definition
The earnings that is allocated to common stock and participating securities to the extent that each security may share in earnings as if all of the earnings for the period had been distributed. Includes the adjustments resulting from the assumption that dilutive securities were converted, options or warrants were exercised, or that other shares were issued upon the satisfaction of certain conditions. No definition available.
|
| X | ||||||||||
|
- Definition
The sum of dilutive potential common shares or units used in the calculation of the diluted per-share or per-unit computation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This element represents the weighted average total number of shares issued throughout the period including the first (beginning balance outstanding) and last (ending balance outstanding) day of the period before considering any reductions (for instance, shares held in treasury) to arrive at the weighted average number of shares outstanding. Weighted average relates to the portion of time within a reporting period that common shares have been issued and outstanding to the total time in that period. Such concept is used in determining the weighted average number of shares outstanding for purposes of calculating earnings per share (basic). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
SUMMARY OF QUARTERLY FINANCIAL INFORMATION Quarterly Financial Information Disclosure (Details) (USD $)
In Thousands, except Share data, unless otherwise specified |
0 Months Ended | 1 Months Ended | 3 Months Ended | 12 Months Ended | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Nov. 29, 2011
|
Feb. 27, 2013
|
Dec. 31, 2012
|
Sep. 30, 2012
|
Jun. 30, 2012
|
Mar. 31, 2012
|
Dec. 31, 2011
|
Sep. 30, 2011
|
Jun. 30, 2011
|
Mar. 31, 2011
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
| Quarterly Financial Information Disclosure [Abstract] | |||||||||||||
| Revenue | $ 37,141 | $ 34,648 | $ 32,723 | $ 29,913 | $ 28,783 | $ 27,356 | $ 29,206 | $ 29,733 | $ 134,425 | $ 115,078 | $ 116,390 | ||
| Income from continuing operations | 8,682 | 6,238 | 5,677 | 3,437 | 3,462 | 3,514 | 3,841 | 7,897 | 24,034 | 18,713 | 28,233 | ||
| Income from discontinued operations attributable to Common Shareholders | 12,594 | 1,343 | 1,162 | 573 | 4,425 | 497 | 26,393 | 1,526 | 15,672 | 32,842 | 1,824 | ||
| Net income attributable to Common Shareholders | $ 21,276 | $ 7,581 | $ 6,839 | $ 4,010 | $ 7,887 | $ 4,011 | $ 30,234 | $ 9,423 | $ 39,706 | $ 51,555 | $ 30,057 | ||
| Net income attributable to Common Shareholders per Common Share - basic: | |||||||||||||
| Income from continuing operations (in dollars per share) | $ 0.17 | $ 0.13 | $ 0.13 | $ 0.08 | $ 0.08 | $ 0.09 | $ 0.09 | $ 0.19 | $ 0.51 | $ 0.45 | $ 0.69 | ||
| Income from discontinued operations (in dollars per share) | $ 0.25 | $ 0.03 | $ 0.02 | $ 0.01 | $ 0.10 | $ 0.01 | $ 0.64 | $ 0.04 | $ 0.34 | $ 0.80 | $ 0.04 | ||
| Net income per share (in dollars per share) | $ 0.42 | $ 0.16 | $ 0.15 | $ 0.09 | $ 0.18 | $ 0.10 | $ 0.73 | $ 0.23 | $ 0.85 | $ 1.25 | $ 0.73 | ||
| Net income attributable to Common Shareholders per Common Share - diluted: | |||||||||||||
| Income from continuing operations (in dollars per share) | $ 0.17 | $ 0.13 | $ 0.13 | $ 0.08 | $ 0.08 | $ 0.09 | $ 0.09 | $ 0.19 | $ 0.51 | $ 0.45 | $ 0.69 | ||
| Income from discontinued operations (in dollars per share) | $ 0.25 | $ 0.03 | $ 0.02 | $ 0.01 | $ 0.11 | $ 0.01 | $ 0.64 | $ 0.04 | $ 0.34 | $ 0.80 | $ 0.04 | ||
| Net income per share (in dollars per share) | $ 0.42 | $ 0.16 | $ 0.15 | $ 0.09 | $ 0.19 | $ 0.10 | $ 0.73 | $ 0.23 | $ 0.85 | $ 1.25 | $ 0.73 | ||
| Cash dividends declared per Common Share | $ 0.18 | $ 0.21 | $ 0.18 | $ 0.18 | $ 0.18 | $ 0.18 | $ 0.18 | $ 0.18 | $ 0.18 | $ 0.18 | $ 0.72 | $ 0.72 | $ 0.72 |
| Weighted average Common Shares outstanding: | |||||||||||||
| Basic | 50,046,774 | 46,338,218 | 44,245,401 | 42,735,731 | 41,785,261 | 40,339,958 | 40,333,575 | 40,317,603 | |||||
| Diluted | 50,582,584 | 46,812,349 | 44,673,565 | 43,146,093 | 42,066,390 | 40,628,781 | 40,633,317 | 40,580,173 | 46,335,000 | 40,986,000 | 40,406,000 | ||
| X | ||||||||||
|
- Definition
Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of income (loss) from continuing operations attributable to the parent. Also defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of income (loss) from a disposal group, net of income tax, reported as a separate component of income before extraordinary items after deduction or consideration of the amount allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of net income (loss) derived from discontinued operations during the period, net of related tax effect, per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of net income or loss derived from discontinued operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The aggregate revenue from real estate operations during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
COMMITMENTS AND CONTINGENCIES (Details) (USD $)
|
1 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | |||||
|---|---|---|---|---|---|---|---|---|---|
|
Sep. 30, 2008
Fraudulent Transfers [Member]
claim
|
Aug. 31, 2009
Breach of Severance Agreement [Member]
|
Sep. 30, 2008
Pending Litigation [Member]
|
Dec. 31, 2012
Pending Litigation [Member]
|
Sep. 30, 2012
Pending Litigation [Member]
|
Sep. 30, 2012
Pending Litigation [Member]
Mervyns I and Mervyns II [Member]
|
Dec. 31, 2012
Pending Litigation [Member]
Mervyns I and Mervyns II [Member]
|
Sep. 30, 2012
Pending Litigation [Member]
Carrying (Reported) Amount, Fair Value Disclosure [Member]
Mervyns I and Mervyns II [Member]
|
Sep. 30, 2012
Pending Litigation [Member]
Estimate of Fair Value, Fair Value Disclosure [Member]
Mervyns I and Mervyns II [Member]
|
|
| Loss Contingencies [Line Items] | |||||||||
| Loss Contingency, Pending Claims, Number | 5 | ||||||||
| Loss Contingency, Damages Sought, Value | $ 900,000 | $ 1,175,000,000 | |||||||
| Loss Contingency, Pending Claims With Merit, Number | 4 | ||||||||
| Loss Contingency, Settlement Agreement, Consideration | 166,000,000 | ||||||||
| Loss Contingency Settlement Agreement, Net Cost | 149,000,000 | ||||||||
| Loss Contingency, Settlement Agreement, Amount Applicable to Equity Method After Applying Cash On Hand | 1,000,000 | ||||||||
| Equity Method Investments | 6,300,000 | 5,300,000 | |||||||
| Litigation Settlement, Expense | 2,000,000 | ||||||||
| Litigation Settlement, Expense, Net of Tax | $ 200,000 | ||||||||
| X | ||||||||||
|
- Definition
Litigation Settlement, Expense, Net of Tax No definition available.
|
| X | ||||||||||
|
- Definition
Loss Contingency, Pending Claims Related To Transactions After Transfer, Number No definition available.
|
| X | ||||||||||
|
- Definition
Loss Contingency, Settlement Agreement, Amount Applicable to Equity Method After Applying Cash On Hand No definition available.
|
| X | ||||||||||
|
- Definition
Loss Contingency Settlement Agreement, Net Cost No definition available.
|
| X | ||||||||||
|
- Definition
This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This element represents the expenses incurred by the entity which are directly related and attributable to receiving an award in settlement of litigation. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The value (monetary amount) of the award the plaintiff seeks in the legal matter. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The total amount of pending claims pertaining to a loss contingency accrual as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of consideration the entity has agreed to pay to settle a legal matter. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
SUBSEQUENT EVENTS (Details) (USD $)
|
0 Months Ended | 1 Months Ended | 3 Months Ended | 12 Months Ended | 1 Months Ended | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Nov. 29, 2011
|
Feb. 27, 2013
|
Dec. 31, 2012
|
Sep. 30, 2012
|
Jun. 30, 2012
|
Mar. 31, 2012
|
Dec. 31, 2011
|
Sep. 30, 2011
|
Jun. 30, 2011
|
Mar. 31, 2011
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
Dec. 31, 2012
Fund III [Member]
|
Feb. 27, 2013
Norstrand Avenue [Member]
Fund III [Member]
Subsequent Event [Member]
|
Jan. 31, 2013
Unsecured Debt [Member]
Revolving Credit Facility [Member]
Subsequent Event [Member]
|
Jan. 31, 2013
Secured Debt [Member]
Revolving Credit Facility [Member]
Subsequent Event [Member]
|
Feb. 27, 2013
Mortgages [Member]
Norstrand Avenue [Member]
Fund III [Member]
Subsequent Event [Member]
extensions
|
Feb. 27, 2013
Mortgages [Member]
Norstrand Avenue [Member]
Fund III [Member]
Subsequent Event [Member]
LIBOR [Member]
|
|
| Subsequent Event [Line Items] | |||||||||||||||||||
| Debt Instrument, Face Amount | $ 150,000,000 | $ 64,500,000 | $ 16,000,000 | ||||||||||||||||
| Proceeds from Reimbursement of Impaired Asset Costs and Accrued Interest | 3,000,000 | ||||||||||||||||||
| Business Acquisition, Cost of Acquired Entity, Purchase Price | 107,986,000 | 19,000,000 | |||||||||||||||||
| Proceeds from notes receivable | $ 25,388,000 | $ 56,519,000 | $ 42,010,000 | $ 18,500,000 | |||||||||||||||
| Debt Instrument, Basis Spread on Variable Rate | 2.65% | ||||||||||||||||||
| Number of Loan Extensions | 2 | ||||||||||||||||||
| Cash dividends declared per Common Share | $ 0.18 | $ 0.21 | $ 0.18 | $ 0.18 | $ 0.18 | $ 0.18 | $ 0.18 | $ 0.18 | $ 0.18 | $ 0.18 | $ 0.72 | $ 0.72 | $ 0.72 | ||||||
| X | ||||||||||
|
- Definition
Number of Loan Extensions No definition available.
|
| X | ||||||||||
|
- Definition
Proceeds from Reimbursement of Impaired Asset Costs and Accrued Interest No definition available.
|
| X | ||||||||||
|
- Definition
The total cost of the acquired entity including the cash paid to shareholders of acquired entities, fair value of debt and equity securities issued to shareholders of acquired entities, the fair value of the liabilities assumed, and direct costs of the acquisition. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The percentage points added to the reference rate to compute the variable rate on the debt instrument. No definition available.
|
| X | ||||||||||
|
- Definition
The stated principal amount of the debt instrument at time of issuance, which may vary from the carrying amount because of unamortized premium or discount. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow associated with principal collections from a borrowing supported by a written promise to pay an obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION Schedule of Real Estate and Accumulated Depreciation (Details) (USD $)
|
12 Months Ended |
|---|---|
|
Dec. 31, 2012
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | $ 727,048,000 |
| Initial Cost to Company of Land | 332,621,000 |
| Initial Cost to Company of Buildings and Improvements | 638,763,000 |
| Costs Capitalized Subsequent to Acquisition | 524,358,000 |
| Carrying Amount of Land | 339,349,000 |
| Carrying Amount of Buildings and Improvements | 1,156,393,000 |
| Total Carrying Amount | 1,495,742,000 |
| Accumulated Depreciation | 187,029,000 |
| Real Estate, Federal Income Tax Basis | 1,347,000,000 |
|
Minimum [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Real Estate and Accumulated Depreciation, Life Used for Depreciation | 30 years |
|
Maximum [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Real Estate and Accumulated Depreciation, Life Used for Depreciation | 40 years |
|
Core Portfolio [Member] | Crescent Plaza [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 17,025,000 |
| Initial Cost to Company of Land | 1,147,000 |
| Initial Cost to Company of Buildings and Improvements | 7,425,000 |
| Costs Capitalized Subsequent to Acquisition | 1,335,000 |
| Carrying Amount of Land | 1,147,000 |
| Carrying Amount of Buildings and Improvements | 8,760,000 |
| Total Carrying Amount | 9,907,000 |
| Accumulated Depreciation | 6,385,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | May 01, 1993 |
|
Core Portfolio [Member] | New Louden Center [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 13,634,000 |
| Initial Cost to Company of Land | 505,000 |
| Initial Cost to Company of Buildings and Improvements | 4,161,000 |
| Costs Capitalized Subsequent to Acquisition | 12,518,000 |
| Carrying Amount of Land | 505,000 |
| Carrying Amount of Buildings and Improvements | 16,679,000 |
| Total Carrying Amount | 17,184,000 |
| Accumulated Depreciation | 12,231,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | May 01, 1993 |
|
Core Portfolio [Member] | Mark Plaza [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 0 |
| Initial Cost to Company of Land | 0 |
| Initial Cost to Company of Buildings and Improvements | 4,268,000 |
| Costs Capitalized Subsequent to Acquisition | (872,000) |
| Carrying Amount of Land | 0 |
| Carrying Amount of Buildings and Improvements | 3,396,000 |
| Total Carrying Amount | 3,396,000 |
| Accumulated Depreciation | 2,663,000 |
| Real Estate and Accumulated Depreciation, Date of Construction | May 01, 1993 |
|
Core Portfolio [Member] | Plaza 422 [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 0 |
| Initial Cost to Company of Land | 190,000 |
| Initial Cost to Company of Buildings and Improvements | 3,004,000 |
| Costs Capitalized Subsequent to Acquisition | 2,301,000 |
| Carrying Amount of Land | 190,000 |
| Carrying Amount of Buildings and Improvements | 5,305,000 |
| Total Carrying Amount | 5,495,000 |
| Accumulated Depreciation | 4,336,000 |
| Real Estate and Accumulated Depreciation, Date of Construction | May 01, 1993 |
|
Core Portfolio [Member] | Route 6 Mall [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 0 |
| Initial Cost to Company of Land | 1,664,000 |
| Initial Cost to Company of Buildings and Improvements | 0 |
| Costs Capitalized Subsequent to Acquisition | 11,422,000 |
| Carrying Amount of Land | 1,664,000 |
| Carrying Amount of Buildings and Improvements | 11,422,000 |
| Total Carrying Amount | 13,086,000 |
| Accumulated Depreciation | 6,746,000 |
| Real Estate and Accumulated Depreciation, Date of Construction | May 11, 1994 |
|
Core Portfolio [Member] | Bartow Avenue [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 0 |
| Initial Cost to Company of Land | 1,691,000 |
| Initial Cost to Company of Buildings and Improvements | 5,803,000 |
| Costs Capitalized Subsequent to Acquisition | 560,000 |
| Carrying Amount of Land | 1,691,000 |
| Carrying Amount of Buildings and Improvements | 6,363,000 |
| Total Carrying Amount | 8,054,000 |
| Accumulated Depreciation | 1,919,000 |
| Real Estate and Accumulated Depreciation, Date of Construction | Jul. 01, 2005 |
|
Core Portfolio [Member] | Amboy Rd. Shopping Ctr. [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 0 |
| Initial Cost to Company of Land | 0 |
| Initial Cost to Company of Buildings and Improvements | 11,909,000 |
| Costs Capitalized Subsequent to Acquisition | 2,035,000 |
| Carrying Amount of Land | 0 |
| Carrying Amount of Buildings and Improvements | 13,944,000 |
| Total Carrying Amount | 13,944,000 |
| Accumulated Depreciation | 2,813,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | Jul. 07, 2005 |
|
Core Portfolio [Member] | Abington Towne Center [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Initial Cost to Company of Land | 799,000 |
| Initial Cost to Company of Buildings and Improvements | 3,197,000 |
| Costs Capitalized Subsequent to Acquisition | 2,007,000 |
| Carrying Amount of Land | 799,000 |
| Carrying Amount of Buildings and Improvements | 5,204,000 |
| Total Carrying Amount | 6,003,000 |
| Accumulated Depreciation | 2,704,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | Aug. 12, 1998 |
|
Core Portfolio [Member] | Bloomfield Town Square [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Initial Cost to Company of Land | 3,207,000 |
| Initial Cost to Company of Buildings and Improvements | 13,774,000 |
| Costs Capitalized Subsequent to Acquisition | 20,420,000 |
| Carrying Amount of Land | 3,207,000 |
| Carrying Amount of Buildings and Improvements | 34,194,000 |
| Total Carrying Amount | 37,401,000 |
| Accumulated Depreciation | 11,867,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | Aug. 12, 1998 |
|
Core Portfolio [Member] | Walnut Hill Plaza [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 23,194,000 |
| Initial Cost to Company of Land | 3,122,000 |
| Initial Cost to Company of Buildings and Improvements | 12,488,000 |
| Costs Capitalized Subsequent to Acquisition | 1,941,000 |
| Carrying Amount of Land | 3,122,000 |
| Carrying Amount of Buildings and Improvements | 14,429,000 |
| Total Carrying Amount | 17,551,000 |
| Accumulated Depreciation | 5,804,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | Aug. 12, 1998 |
|
Core Portfolio [Member] | Elmwood Park Plaza [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 33,258,000 |
| Initial Cost to Company of Land | 3,248,000 |
| Initial Cost to Company of Buildings and Improvements | 12,992,000 |
| Costs Capitalized Subsequent to Acquisition | 15,401,000 |
| Carrying Amount of Land | 3,798,000 |
| Carrying Amount of Buildings and Improvements | 27,843,000 |
| Total Carrying Amount | 31,641,000 |
| Accumulated Depreciation | 13,235,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | Aug. 12, 1998 |
|
Core Portfolio [Member] | Merrillville Plaza [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 26,151,000 |
| Initial Cost to Company of Land | 4,288,000 |
| Initial Cost to Company of Buildings and Improvements | 17,152,000 |
| Costs Capitalized Subsequent to Acquisition | 2,677,000 |
| Carrying Amount of Land | 4,288,000 |
| Carrying Amount of Buildings and Improvements | 19,829,000 |
| Total Carrying Amount | 24,117,000 |
| Accumulated Depreciation | 7,797,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | Aug. 12, 1998 |
|
Core Portfolio [Member] | Marketplace of Absecon [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Initial Cost to Company of Land | 2,573,000 |
| Initial Cost to Company of Buildings and Improvements | 10,294,000 |
| Costs Capitalized Subsequent to Acquisition | 3,799,000 |
| Carrying Amount of Land | 2,577,000 |
| Carrying Amount of Buildings and Improvements | 14,089,000 |
| Total Carrying Amount | 16,666,000 |
| Accumulated Depreciation | 5,574,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | Aug. 12, 1998 |
|
Core Portfolio [Member] | Clark Diversey [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 4,345,000 |
| Initial Cost to Company of Land | 10,061,000 |
| Initial Cost to Company of Buildings and Improvements | 2,773,000 |
| Costs Capitalized Subsequent to Acquisition | 246,000 |
| Carrying Amount of Land | 10,061,000 |
| Carrying Amount of Buildings and Improvements | 3,019,000 |
| Total Carrying Amount | 13,080,000 |
| Accumulated Depreciation | 553,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | Jan. 12, 2006 |
|
Core Portfolio [Member] | Boonton [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 7,967,000 |
| Initial Cost to Company of Land | 1,328,000 |
| Initial Cost to Company of Buildings and Improvements | 7,188,000 |
| Costs Capitalized Subsequent to Acquisition | 399,000 |
| Carrying Amount of Land | 1,328,000 |
| Carrying Amount of Buildings and Improvements | 7,587,000 |
| Total Carrying Amount | 8,915,000 |
| Accumulated Depreciation | 1,297,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | Jan. 24, 2006 |
|
Core Portfolio [Member] | Chestnut Hill [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 0 |
| Initial Cost to Company of Land | 8,289,000 |
| Initial Cost to Company of Buildings and Improvements | 5,691,000 |
| Costs Capitalized Subsequent to Acquisition | 3,577,000 |
| Carrying Amount of Land | 8,289,000 |
| Carrying Amount of Buildings and Improvements | 9,268,000 |
| Total Carrying Amount | 17,557,000 |
| Accumulated Depreciation | 1,169,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | Jun. 16, 2006 |
|
Core Portfolio [Member] | Third Avenue [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 0 |
| Initial Cost to Company of Land | 11,108,000 |
| Initial Cost to Company of Buildings and Improvements | 8,038,000 |
| Costs Capitalized Subsequent to Acquisition | 4,288,000 |
| Carrying Amount of Land | 11,855,000 |
| Carrying Amount of Buildings and Improvements | 11,579,000 |
| Total Carrying Amount | 23,434,000 |
| Accumulated Depreciation | 1,252,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | Sep. 21, 2006 |
|
Core Portfolio [Member] | Hobson West Plaza [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Initial Cost to Company of Land | 1,793,000 |
| Initial Cost to Company of Buildings and Improvements | 7,172,000 |
| Costs Capitalized Subsequent to Acquisition | 1,771,000 |
| Carrying Amount of Land | 1,793,000 |
| Carrying Amount of Buildings and Improvements | 8,943,000 |
| Total Carrying Amount | 10,736,000 |
| Accumulated Depreciation | 3,638,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | Aug. 12, 1998 |
|
Core Portfolio [Member] | Village Commons Shopping Center [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 9,192,000 |
| Initial Cost to Company of Land | 3,229,000 |
| Initial Cost to Company of Buildings and Improvements | 12,917,000 |
| Costs Capitalized Subsequent to Acquisition | 3,934,000 |
| Carrying Amount of Land | 3,229,000 |
| Carrying Amount of Buildings and Improvements | 16,851,000 |
| Total Carrying Amount | 20,080,000 |
| Accumulated Depreciation | 6,691,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | Aug. 12, 1998 |
|
Core Portfolio [Member] | Town Line Plaza [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Initial Cost to Company of Land | 878,000 |
| Initial Cost to Company of Buildings and Improvements | 3,510,000 |
| Costs Capitalized Subsequent to Acquisition | 7,508,000 |
| Carrying Amount of Land | 907,000 |
| Carrying Amount of Buildings and Improvements | 10,989,000 |
| Total Carrying Amount | 11,896,000 |
| Accumulated Depreciation | 8,207,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | Aug. 12, 1998 |
|
Core Portfolio [Member] | Branch Shopping Center [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 12,526,000 |
| Initial Cost to Company of Land | 3,156,000 |
| Initial Cost to Company of Buildings and Improvements | 12,545,000 |
| Costs Capitalized Subsequent to Acquisition | 7,181,000 |
| Carrying Amount of Land | 3,401,000 |
| Carrying Amount of Buildings and Improvements | 19,481,000 |
| Total Carrying Amount | 22,882,000 |
| Accumulated Depreciation | 5,299,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | Aug. 12, 1998 |
|
Core Portfolio [Member] | The Methuen Shopping Center [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Initial Cost to Company of Land | 956,000 |
| Initial Cost to Company of Buildings and Improvements | 3,826,000 |
| Costs Capitalized Subsequent to Acquisition | 594,000 |
| Carrying Amount of Land | 961,000 |
| Carrying Amount of Buildings and Improvements | 4,415,000 |
| Total Carrying Amount | 5,376,000 |
| Accumulated Depreciation | 1,811,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | Aug. 12, 1998 |
|
Core Portfolio [Member] | The Gateway Shopping Center [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 20,036,000 |
| Initial Cost to Company of Land | 1,273,000 |
| Initial Cost to Company of Buildings and Improvements | 5,091,000 |
| Costs Capitalized Subsequent to Acquisition | 12,230,000 |
| Carrying Amount of Land | 1,273,000 |
| Carrying Amount of Buildings and Improvements | 17,321,000 |
| Total Carrying Amount | 18,594,000 |
| Accumulated Depreciation | 6,257,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | May 05, 1999 |
|
Core Portfolio [Member] | River Street [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 4,197,000 |
| Initial Cost to Company of Land | 3,510,000 |
| Initial Cost to Company of Buildings and Improvements | 2,886,000 |
| Costs Capitalized Subsequent to Acquisition | 0 |
| Carrying Amount of Land | 3,510,000 |
| Carrying Amount of Buildings and Improvements | 2,886,000 |
| Total Carrying Amount | 6,396,000 |
| Accumulated Depreciation | 77,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | Feb. 10, 2012 |
|
Core Portfolio [Member] | Rhode Island Place Shopping Center [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 16,426,000 |
| Initial Cost to Company of Land | 4,340,000 |
| Initial Cost to Company of Buildings and Improvements | 17,360,000 |
| Costs Capitalized Subsequent to Acquisition | 0 |
| Carrying Amount of Land | 4,340,000 |
| Carrying Amount of Buildings and Improvements | 17,360,000 |
| Total Carrying Amount | 21,700,000 |
| Accumulated Depreciation | 217,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | Jun. 28, 2012 |
|
Core Portfolio [Member] | Mad River Station [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 0 |
| Initial Cost to Company of Land | 2,350,000 |
| Initial Cost to Company of Buildings and Improvements | 9,404,000 |
| Costs Capitalized Subsequent to Acquisition | 1,058,000 |
| Carrying Amount of Land | 2,350,000 |
| Carrying Amount of Buildings and Improvements | 10,462,000 |
| Total Carrying Amount | 12,812,000 |
| Accumulated Depreciation | 3,926,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | Feb. 25, 1999 |
|
Core Portfolio [Member] | Pacesetter Park Shopping Center [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 11,742,000 |
| Initial Cost to Company of Land | 1,475,000 |
| Initial Cost to Company of Buildings and Improvements | 5,899,000 |
| Costs Capitalized Subsequent to Acquisition | 2,040,000 |
| Carrying Amount of Land | 1,475,000 |
| Carrying Amount of Buildings and Improvements | 7,939,000 |
| Total Carrying Amount | 9,414,000 |
| Accumulated Depreciation | 3,023,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | Nov. 08, 1999 |
|
Core Portfolio [Member] | 239 Greenwich Avenue [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 26,000,000 |
| Initial Cost to Company of Land | 1,817,000 |
| Initial Cost to Company of Buildings and Improvements | 15,846,000 |
| Costs Capitalized Subsequent to Acquisition | 549,000 |
| Carrying Amount of Land | 1,817,000 |
| Carrying Amount of Buildings and Improvements | 16,395,000 |
| Total Carrying Amount | 18,212,000 |
| Accumulated Depreciation | 5,701,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | Jan. 27, 1998 |
|
Core Portfolio [Member] | West Shore Expressway [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 0 |
| Initial Cost to Company of Land | 3,380,000 |
| Initial Cost to Company of Buildings and Improvements | 13,554,000 |
| Costs Capitalized Subsequent to Acquisition | (55,000) |
| Carrying Amount of Land | 3,380,000 |
| Carrying Amount of Buildings and Improvements | 13,499,000 |
| Total Carrying Amount | 16,879,000 |
| Accumulated Depreciation | 2,206,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | Mar. 20, 2007 |
|
Core Portfolio [Member] | West 54th Street [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 0 |
| Initial Cost to Company of Land | 16,699,000 |
| Initial Cost to Company of Buildings and Improvements | 18,704,000 |
| Costs Capitalized Subsequent to Acquisition | 74,000 |
| Carrying Amount of Land | 16,699,000 |
| Carrying Amount of Buildings and Improvements | 18,778,000 |
| Total Carrying Amount | 35,477,000 |
| Accumulated Depreciation | 2,695,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | Mar. 20, 2007 |
|
Core Portfolio [Member] | Acadia 5-7 East 17th Street [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 0 |
| Initial Cost to Company of Land | 3,048,000 |
| Initial Cost to Company of Buildings and Improvements | 7,281,000 |
| Costs Capitalized Subsequent to Acquisition | 40,000 |
| Carrying Amount of Land | 3,048,000 |
| Carrying Amount of Buildings and Improvements | 7,321,000 |
| Total Carrying Amount | 10,369,000 |
| Accumulated Depreciation | 945,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | Apr. 22, 2008 |
|
Core Portfolio [Member] | West Diversey 651-671 W Diversey [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 15,273,000 |
| Initial Cost to Company of Land | 8,576,000 |
| Initial Cost to Company of Buildings and Improvements | 17,256,000 |
| Costs Capitalized Subsequent to Acquisition | 0 |
| Carrying Amount of Land | 8,576,000 |
| Carrying Amount of Buildings and Improvements | 17,256,000 |
| Total Carrying Amount | 25,832,000 |
| Accumulated Depreciation | 683,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | May 25, 2011 |
|
Core Portfolio [Member] | Mercer Street 15 Mercer Street [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 0 |
| Initial Cost to Company of Land | 1,887,000 |
| Initial Cost to Company of Buildings and Improvements | 2,483,000 |
| Costs Capitalized Subsequent to Acquisition | 0 |
| Carrying Amount of Land | 1,887,000 |
| Carrying Amount of Buildings and Improvements | 2,483,000 |
| Total Carrying Amount | 4,370,000 |
| Accumulated Depreciation | 93,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | Jun. 30, 2011 |
|
Core Portfolio [Member] | 4401 White Plains [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 6,381,000 |
| Initial Cost to Company of Land | 1,581,000 |
| Initial Cost to Company of Buildings and Improvements | 5,054,000 |
| Costs Capitalized Subsequent to Acquisition | 0 |
| Carrying Amount of Land | 1,581,000 |
| Carrying Amount of Buildings and Improvements | 5,054,000 |
| Total Carrying Amount | 6,635,000 |
| Accumulated Depreciation | 168,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | Aug. 24, 2011 |
|
Core Portfolio [Member] | Chicago Street Retail Portfolio [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 15,775,000 |
| Initial Cost to Company of Land | 17,816,000 |
| Initial Cost to Company of Buildings and Improvements | 56,965,000 |
| Costs Capitalized Subsequent to Acquisition | 153,000 |
| Carrying Amount of Land | 17,854,000 |
| Carrying Amount of Buildings and Improvements | 57,080,000 |
| Total Carrying Amount | 74,934,000 |
| Accumulated Depreciation | 800,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | Aug. 09, 2011 |
|
Core Portfolio [Member] | 1520 North Milwaukee Avenue [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Initial Cost to Company of Land | 2,110,000 |
| Initial Cost to Company of Buildings and Improvements | 1,306,000 |
| Costs Capitalized Subsequent to Acquisition | 0 |
| Carrying Amount of Land | 2,110,000 |
| Carrying Amount of Buildings and Improvements | 1,306,000 |
| Total Carrying Amount | 3,416,000 |
| Accumulated Depreciation | 66,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | Jan. 23, 2012 |
|
Core Portfolio [Member] | Cambridge LLC [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 6,528,000 |
| Initial Cost to Company of Land | 4,704,000 |
| Initial Cost to Company of Buildings and Improvements | 10,208,000 |
| Costs Capitalized Subsequent to Acquisition | 0 |
| Carrying Amount of Land | 4,704,000 |
| Carrying Amount of Buildings and Improvements | 10,208,000 |
| Total Carrying Amount | 14,912,000 |
| Accumulated Depreciation | 237,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | Feb. 28, 2012 |
|
Core Portfolio [Member] | 930 Rush Street [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 0 |
| Initial Cost to Company of Land | 5,175,000 |
| Initial Cost to Company of Buildings and Improvements | 15,525,000 |
| Costs Capitalized Subsequent to Acquisition | 0 |
| Carrying Amount of Land | 5,175,000 |
| Carrying Amount of Buildings and Improvements | 15,525,000 |
| Total Carrying Amount | 20,700,000 |
| Accumulated Depreciation | 291,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | Apr. 06, 2012 |
|
Core Portfolio [Member] | 28 Jericho Turnpike [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 0 |
| Initial Cost to Company of Land | 6,220,000 |
| Initial Cost to Company of Buildings and Improvements | 24,416,000 |
| Costs Capitalized Subsequent to Acquisition | 0 |
| Carrying Amount of Land | 6,220,000 |
| Carrying Amount of Buildings and Improvements | 24,416,000 |
| Total Carrying Amount | 30,636,000 |
| Accumulated Depreciation | 374,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | May 18, 2012 |
|
Core Portfolio [Member] | 181 Main Street [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 0 |
| Initial Cost to Company of Land | 3,539,000 |
| Initial Cost to Company of Buildings and Improvements | 10,618,000 |
| Costs Capitalized Subsequent to Acquisition | 0 |
| Carrying Amount of Land | 3,539,000 |
| Carrying Amount of Buildings and Improvements | 10,618,000 |
| Total Carrying Amount | 14,157,000 |
| Accumulated Depreciation | 22,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | Dec. 03, 2012 |
|
Core Portfolio [Member] | 83 Spring Street [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 0 |
| Initial Cost to Company of Land | 1,754,000 |
| Initial Cost to Company of Buildings and Improvements | 9,200,000 |
| Costs Capitalized Subsequent to Acquisition | 0 |
| Carrying Amount of Land | 1,754,000 |
| Carrying Amount of Buildings and Improvements | 9,200,000 |
| Total Carrying Amount | 10,954,000 |
| Accumulated Depreciation | 115,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | Jul. 10, 2012 |
|
Core Portfolio [Member] | 60 Orange Street [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 0 |
| Initial Cost to Company of Land | 12,477,000 |
| Initial Cost to Company of Buildings and Improvements | 0 |
| Costs Capitalized Subsequent to Acquisition | 0 |
| Carrying Amount of Land | 12,477,000 |
| Carrying Amount of Buildings and Improvements | 0 |
| Total Carrying Amount | 12,477,000 |
| Accumulated Depreciation | 0 |
| Real Estate and Accumulated Depreciation, Date Acquired | Oct. 10, 2012 |
|
Core Portfolio [Member] | 171-53 and 181-03 Connecticut Avenue [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 0 |
| Initial Cost to Company of Land | 5,811,000 |
| Initial Cost to Company of Buildings and Improvements | 17,433,000 |
| Costs Capitalized Subsequent to Acquisition | 0 |
| Carrying Amount of Land | 5,811,000 |
| Carrying Amount of Buildings and Improvements | 17,433,000 |
| Total Carrying Amount | 23,244,000 |
| Accumulated Depreciation | 0 |
| Real Estate and Accumulated Depreciation, Date Acquired | Dec. 10, 2012 |
|
Core Portfolio [Member] | 639 West Diversey [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 4,431,000 |
| Initial Cost to Company of Land | 2,672,000 |
| Initial Cost to Company of Buildings and Improvements | 8,016,000 |
| Costs Capitalized Subsequent to Acquisition | 0 |
| Carrying Amount of Land | 2,672,000 |
| Carrying Amount of Buildings and Improvements | 8,016,000 |
| Total Carrying Amount | 10,688,000 |
| Accumulated Depreciation | 0 |
| Real Estate and Accumulated Depreciation, Date Acquired | Dec. 18, 2012 |
|
Core Portfolio [Member] | Undeveloped Land [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 0 |
| Initial Cost to Company of Land | 250,000 |
| Initial Cost to Company of Buildings and Improvements | 0 |
| Costs Capitalized Subsequent to Acquisition | 0 |
| Carrying Amount of Land | 250,000 |
| Carrying Amount of Buildings and Improvements | 0 |
| Total Carrying Amount | 250,000 |
|
Fund I [Member] | Kroger/Safeway Various [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 0 |
| Initial Cost to Company of Land | 0 |
| Initial Cost to Company of Buildings and Improvements | 4,215,000 |
| Costs Capitalized Subsequent to Acquisition | 0 |
| Carrying Amount of Land | 0 |
| Carrying Amount of Buildings and Improvements | 4,215,000 |
| Total Carrying Amount | 4,215,000 |
| Accumulated Depreciation | 4,016,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | Jan. 16, 2003 |
|
Fund II [Member] | Pelham Manor [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 33,833,000 |
| Initial Cost to Company of Land | 0 |
| Initial Cost to Company of Buildings and Improvements | 0 |
| Costs Capitalized Subsequent to Acquisition | 57,001,000 |
| Carrying Amount of Land | 0 |
| Carrying Amount of Buildings and Improvements | 57,001,000 |
| Total Carrying Amount | 57,001,000 |
| Accumulated Depreciation | 6,055,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | Oct. 01, 2004 |
|
Fund II [Member] | 400 E Fordham Road [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 82,205,000 |
| Initial Cost to Company of Land | 11,144,000 |
| Initial Cost to Company of Buildings and Improvements | 18,010,000 |
| Costs Capitalized Subsequent to Acquisition | 102,590,000 |
| Carrying Amount of Land | 16,254,000 |
| Carrying Amount of Buildings and Improvements | 115,490,000 |
| Total Carrying Amount | 131,744,000 |
| Accumulated Depreciation | 11,912,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | Sep. 29, 2004 |
|
Fund II [Member] | 216th Street [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 25,500,000 |
| Initial Cost to Company of Land | 7,261,000 |
| Initial Cost to Company of Buildings and Improvements | 0 |
| Costs Capitalized Subsequent to Acquisition | 19,197,000 |
| Carrying Amount of Land | 7,261,000 |
| Carrying Amount of Buildings and Improvements | 19,197,000 |
| Total Carrying Amount | 26,458,000 |
| Accumulated Depreciation | 3,023,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | Dec. 01, 2005 |
|
Fund II [Member] | 161st Street [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 28,900,000 |
| Initial Cost to Company of Land | 16,679,000 |
| Initial Cost to Company of Buildings and Improvements | 28,410,000 |
| Costs Capitalized Subsequent to Acquisition | 17,355,000 |
| Carrying Amount of Land | 16,679,000 |
| Carrying Amount of Buildings and Improvements | 45,765,000 |
| Total Carrying Amount | 62,444,000 |
| Accumulated Depreciation | 6,082,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | Aug. 05, 2005 |
|
Fund III [Member] | Cortlandt Towne Center [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 73,499,000 |
| Initial Cost to Company of Land | 7,293,000 |
| Initial Cost to Company of Buildings and Improvements | 61,395,000 |
| Costs Capitalized Subsequent to Acquisition | 5,600,000 |
| Carrying Amount of Land | 7,293,000 |
| Carrying Amount of Buildings and Improvements | 66,995,000 |
| Total Carrying Amount | 74,288,000 |
| Accumulated Depreciation | 11,833,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | Jan. 29, 2009 |
|
Fund III [Member] | Cortland Crossing [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 0 |
| Initial Cost to Company of Land | 11,000,000 |
| Initial Cost to Company of Buildings and Improvements | 0 |
| Costs Capitalized Subsequent to Acquisition | 0 |
| Carrying Amount of Land | 11,000,000 |
| Carrying Amount of Buildings and Improvements | 0 |
| Total Carrying Amount | 11,000,000 |
| Accumulated Depreciation | 0 |
| Real Estate and Accumulated Depreciation, Date Acquired | Aug. 13, 2012 |
|
Fund III [Member] | Heritage Shops [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 21,000,000 |
| Initial Cost to Company of Land | 13,131,000 |
| Initial Cost to Company of Buildings and Improvements | 15,409,000 |
| Costs Capitalized Subsequent to Acquisition | 54,000 |
| Carrying Amount of Land | 13,131,000 |
| Carrying Amount of Buildings and Improvements | 15,463,000 |
| Total Carrying Amount | 28,594,000 |
| Accumulated Depreciation | 923,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | Apr. 07, 2011 |
|
Fund III [Member] | 654 Broadway [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 0 |
| Initial Cost to Company of Land | 9,040,000 |
| Initial Cost to Company of Buildings and Improvements | 3,654,000 |
| Costs Capitalized Subsequent to Acquisition | (2,000) |
| Carrying Amount of Land | 9,040,000 |
| Carrying Amount of Buildings and Improvements | 3,652,000 |
| Total Carrying Amount | 12,692,000 |
| Accumulated Depreciation | 99,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | Nov. 30, 2011 |
|
Fund III [Member] | Marcus Avenue [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 6,484,000 |
| Initial Cost to Company of Land | 3,115,000 |
| Initial Cost to Company of Buildings and Improvements | 7,285,000 |
| Costs Capitalized Subsequent to Acquisition | 623,000 |
| Carrying Amount of Land | 3,115,000 |
| Carrying Amount of Buildings and Improvements | 7,908,000 |
| Total Carrying Amount | 11,023,000 |
| Accumulated Depreciation | 208,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | Dec. 22, 2011 |
|
Fund III [Member] | 640 Broadway [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 22,750,000 |
| Initial Cost to Company of Land | 12,503,000 |
| Initial Cost to Company of Buildings and Improvements | 19,960,000 |
| Costs Capitalized Subsequent to Acquisition | 0 |
| Carrying Amount of Land | 12,503,000 |
| Carrying Amount of Buildings and Improvements | 19,960,000 |
| Total Carrying Amount | 32,463,000 |
| Accumulated Depreciation | 487,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | Feb. 07, 2012 |
|
Fund III [Member] | Lincoln Park Centre LLC [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 19,834,000 |
| Initial Cost to Company of Land | 5,090,000 |
| Initial Cost to Company of Buildings and Improvements | 25,353,000 |
| Costs Capitalized Subsequent to Acquisition | 0 |
| Carrying Amount of Land | 5,090,000 |
| Carrying Amount of Buildings and Improvements | 25,353,000 |
| Total Carrying Amount | 30,443,000 |
| Accumulated Depreciation | 481,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | Apr. 02, 2012 |
|
Fund III [Member] | 3104 M Street [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 0 |
| Initial Cost to Company of Land | 750,000 |
| Initial Cost to Company of Buildings and Improvements | 2,251,000 |
| Costs Capitalized Subsequent to Acquisition | 0 |
| Carrying Amount of Land | 750,000 |
| Carrying Amount of Buildings and Improvements | 2,251,000 |
| Total Carrying Amount | 3,001,000 |
| Accumulated Depreciation | 23,000 |
| Real Estate and Accumulated Depreciation, Date Acquired | Aug. 08, 2012 |
|
Fund III [Member] | Broad Hollow Commons [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 0 |
| Initial Cost to Company of Land | 12,386,000 |
| Initial Cost to Company of Buildings and Improvements | 0 |
| Costs Capitalized Subsequent to Acquisition | 0 |
| Carrying Amount of Land | 12,386,000 |
| Carrying Amount of Buildings and Improvements | 0 |
| Total Carrying Amount | 12,386,000 |
| Accumulated Depreciation | 0 |
| Real Estate and Accumulated Depreciation, Date Acquired | Aug. 29, 2012 |
|
Fund IV [Member] | 210 Bowery LLC [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 0 |
| Initial Cost to Company of Land | 1,875,000 |
| Initial Cost to Company of Buildings and Improvements | 5,625,000 |
| Costs Capitalized Subsequent to Acquisition | 0 |
| Carrying Amount of Land | 1,875,000 |
| Carrying Amount of Buildings and Improvements | 5,625,000 |
| Total Carrying Amount | 7,500,000 |
| Accumulated Depreciation | 0 |
| Real Estate and Accumulated Depreciation, Date Acquired | Dec. 18, 2012 |
|
Fund IV [Member] | Acadia Strategic Opportunity Fund IV [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 93,050,000 |
| Initial Cost to Company of Land | 0 |
| Initial Cost to Company of Buildings and Improvements | 0 |
| Costs Capitalized Subsequent to Acquisition | 0 |
| Carrying Amount of Land | 0 |
| Carrying Amount of Buildings and Improvements | 0 |
| Total Carrying Amount | 0 |
| Accumulated Depreciation | 0 |
|
Fund IV [Member] | Real Estate Under Development [Member]
|
|
| Real Estate and Accumulated Depreciation [Line Items] | |
| Encumbrances | 45,912,000 |
| Initial Cost to Company of Land | 45,658,000 |
| Initial Cost to Company of Buildings and Improvements | 2,564,000 |
| Costs Capitalized Subsequent to Acquisition | 200,809,000 |
| Carrying Amount of Land | 45,658,000 |
| Carrying Amount of Buildings and Improvements | 203,373,000 |
| Total Carrying Amount | 249,031,000 |
| Accumulated Depreciation | $ 0 |
| X | ||||||||||
|
- Definition
The amount of accumulated depreciation for the property as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of a lien or mortgage outstanding as of the balance sheet date on a specific property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The carrying amount at which buildings and improvements are carried at the end of the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The carrying amount at which land is carried at the end of the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Gross amount at which land and buildings and improvements are carried at the end of the period for each property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Carrying amount as of the balance sheet date of carrying costs of properties that were capitalized after acquisition (for example, real estate taxes and insurance) excluding the initial purchase price and improvements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Date the property was acquired, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Date the property was constructed, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Initial cost to the Entity for buildings and improvements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Initial cost to the Entity for land. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Estimated economic life on which depreciation was computed, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The amount of the cost basis of a real estate investment for federal income tax purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION Reconciliation of Real Estate Properties (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
|---|---|---|---|
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
| Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
| Balance at beginning of year | $ 1,098,761 | $ 950,710 | $ 817,170 |
| Other improvements | 72,633 | 42,167 | 133,540 |
| Property Acquired | 324,348 | 105,884 | 0 |
| Balance at end of year | $ 1,495,742 | $ 1,098,761 | $ 950,710 |
| X | ||||||||||
|
- Definition
Gross amount of real estate as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of improvements made to real estate investments during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of real estate investments acquired other than through foreclosure during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION Reconciliation of Accumulated Depreciation (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
|---|---|---|---|
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
| Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
| Balance at beginning of year | $ 160,541 | $ 143,232 | $ 124,562 |
| Depreciation related to real estate | 26,488 | 17,309 | 18,670 |
| Balance at end of year | $ 187,029 | $ 160,541 | $ 143,232 |
| X | ||||||||||
|
- Definition
The amount as of the balance sheet date of accumulated depreciation pertaining to real estate properties. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of depreciation expense for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|