ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2013

Summary Of Significant Accounting Policies [Line Items]

Summary of Estimated Useful Lives of Assets

Buildings	20-40 years
Land improvements	15 years
Furniture/fixtures	3-10 years
Tenant improvements	Lease term

Changes in Carrying Amount of Goodwill

Changes in the carrying amount of goodwill for the three years ended December 31, 2013 were as follows:

(in thousands of dollars)	Basis		Accumulated Amortization			Impairment Write-Offs			Divestitures			Total
Balance, January 1, 2011	$	12,877	$	(1,073	)	$	(4,648	)	$	—		$	7,156
Changes in Goodwill	—		—			—			—			—
Balance, December 31, 2011	12,877		(1,073		)	(4,648		)	—			7,156
Changes in Goodwill	—		—			—			—			—
Balance, December 31, 2012	12,877		(1,073		)	(4,648		)	—			7,156
Changes in Goodwill	—		—			—			(1,494		)	(1,494		)
Balance, December 31, 2013	$	12,877	$	(1,073	)	$	(4,648	)	$	(1,494	)	$	5,662

Summary of Intangible Assets and Liabilities, Net of Accumulated Amortization

The following table presents our intangible assets and liabilities, net of accumulated amortization, as of December 31, 2013 and 2012:

(in thousands of dollars)	As of December 31, 2013			As of December 31, 2012
Value of in-place lease intangibles	$	3,151		$	1,009
Above-market lease intangibles	262			508
Subtotal	3,413			1,517
Goodwill	5,662			7,156
Total intangible assets	$	9,075		$	8,673
Below-market lease intangibles	$	(4,815	)	$	(3,083	)

Summary of Intangible Assets Amortized in Next Five Years

In the normal course of business, our intangible assets will amortize in the next five years and thereafter as follows:

(in thousands of dollars) For the Year Ending December 31,	Value of In-Place Lease Intangibles		Above/(Below) Market Leases, net
2014	1,391		(960		)
2015	371		(441		)
2016	288		(421		)
2017	282		(456		)
2018	259		(438		)
2019 and thereafter	560		(1,837		)
Total	$	3,151	$	(4,553	)

Schedule of Capitalized Salaries, Commissions and Benefits, Real Estate Taxes and Interest

The following table summarizes our capitalized salaries, commissions and benefits, real estate taxes and interest for the years ended December 31, 2013, 2012 and 2011:

	For the Year Ended December 31,
(in thousands of dollars)	2013		2012		2011
Development/Redevelopment:
Salaries and benefits	$	1,059	$	805	$	765
Real estate taxes	$	5	$	277	$	280
Interest	$	874	$	1,549	$	2,087
Leasing:
Salaries, commissions and benefits	$	5,261	$	5,336	$	4,999

Schedule of Aggregate Cost Basis and Depreciated Basis for Federal Income Tax Purposes of Investment in Real Estate

The following table summarizes the aggregate cost basis and depreciated basis for federal income tax purposes of our investment in real estate for the years ended December 31, 2013 and 2012:

(in millions of dollars)	As of December 31, 2013		As of December 31, 2012
Aggregate cost basis for federal income tax purposes	$	3,710.1	$	3,979.2
Aggregate depreciated basis for federal income tax purposes	$	2,692.9	$	2,908.5

Schedule of Distributions Paid to Shareholders

The per share distributions paid to common shareholders had the following components for the years ended December 31, 2013, 2012 and 2011:

	For the Year Ended December 31,
	2013		2012		2011
Ordinary income	$	—	$	—	$	0.37
Capital gains	—		—		0.01
Non-dividend distributions	0.74		0.63		0.22
	$	0.74	$	0.63	$	0.60

Series A And Series B Preferred Shares [Member]

Summary Of Significant Accounting Policies [Line Items]

Schedule of Distributions Paid to Shareholders

In April 2012, we issued Series A Preferred Shares and in October 2012, we issued Series B Preferred Shares. The per share distributions paid to Series A preferred shareholders and Series B preferred shareholders had the following components for the years ended December 31, 2013 and 2012:

	For the Year Ended December 31,
	2013		2012
Series A Preferred Share Dividends
Ordinary income	$	1.96	$	—
Capital gains	—		—
Non-dividend distributions	0.10		1.35
	$	2.06	$	1.35
Series B Preferred Share Dividends
Ordinary income	$	1.75	$	—
Capital gains	—		—
Non-dividend distributions	0.09		0.33
	$	1.84	$	0.33