XML 18 R46.htm IDEA: XBRL DOCUMENT v3.2.0.727
Investments and Advances in Real Estate Joint Ventures (Details Textual)
$ in Thousands, CAD in Millions
6 Months Ended
Jun. 30, 2015
USD ($)
properties
Number
Jun. 30, 2015
CAD
Number
Jun. 30, 2014
USD ($)
Dec. 31, 2014
properties
Investments And Advances In Real Estate Joint Ventures (Textual )        
Recognized gain (loss) on sale of property $ 21,700      
Number of real estate properties | properties 282     337
Business combination, consideration transferred $ 1,479,942      
Impairment charges of real estate 21,900   $ 100,000  
Real Estate Investment [Member]        
Investments And Advances In Real Estate Joint Ventures (Textual )        
Impairment charges of real estate 4,000      
Mexico [Member]        
Investments And Advances In Real Estate Joint Ventures (Textual )        
Sale price 7,200      
Recognized gain (loss) on sale of property 500      
Impairment charges of real estate 2,600      
Mexico [Member] | Parent Company [Member]        
Investments And Advances In Real Estate Joint Ventures (Textual )        
Sale price     175,000  
Recognized gain (loss) on sale of property     30,700  
Impairment charges of real estate $ 1,300      
KimPru and KimPru II [Member]        
Investments And Advances In Real Estate Joint Ventures (Textual )        
Number of joint ventures | Number 4 4    
Number of accounts | Number 4 4    
Kimpru [Member]        
Investments And Advances In Real Estate Joint Ventures (Textual )        
Number of joint ventures | Number 3 3    
Impairment charges of real estate $ 1,100      
Kimpru [Member] | Parent Company [Member]        
Investments And Advances In Real Estate Joint Ventures (Textual )        
Recognized gain (loss) on sale of property (100)      
Kimpru Two [Member]        
Investments And Advances In Real Estate Joint Ventures (Textual )        
Sale price 23,200      
Recognized gain (loss) on sale of property (600)      
KIR [Member]        
Investments And Advances In Real Estate Joint Ventures (Textual )        
Sale price 48,000      
Recognized gain (loss) on sale of property 19,400      
Impairment charges of real estate     2,300  
KIR [Member] | Real Estate Investment [Member]        
Investments And Advances In Real Estate Joint Ventures (Textual )        
Impairment charges of real estate     4,000  
KIR [Member] | Parent Company [Member]        
Investments And Advances In Real Estate Joint Ventures (Textual )        
Recognized gain (loss) on sale of property $ 8,200      
Sold [Member]        
Investments And Advances In Real Estate Joint Ventures (Textual )        
Sale price     98,400  
Recognized gain (loss) on sale of property     33,700  
Kimstone [Member]        
Investments And Advances In Real Estate Joint Ventures (Textual )        
Business acquisition, percentage of voting Interests acquired 66.70%      
Number of real estate properties | properties [1],[2]       39
Business combination, consideration transferred $ 1,400,000      
Business combination $ 638,000      
Ownership Interest [1],[2]       33.30%
RioCan        
Investments And Advances In Real Estate Joint Ventures (Textual )        
Sale price $ 190,700 CAD 238.1    
Number of real estate properties | properties [3] 42     45
Ownership Interest [3] 50.00%     50.00%
RioCan | Parent Company [Member]        
Investments And Advances In Real Estate Joint Ventures (Textual )        
Recognized gain (loss) on sale of property $ 53,500      
Other Joint Venture Programs [Member]        
Investments And Advances In Real Estate Joint Ventures (Textual )        
Sale price $ 21,100      
Number of real estate properties | properties [4],[5] 55     60
Ownership Interest [4],[5]        
Joint Venture [Member]        
Investments And Advances In Real Estate Joint Ventures (Textual )        
Business combination, consideration transferred $ 5,800      
Joint Venture [Member] | Parent Company [Member]        
Investments And Advances In Real Estate Joint Ventures (Textual )        
Recognized gain (loss) on sale of property (100)   $ 17,700  
Impairment charges of real estate $ 4,100      
[1] During the six months ended June 30, 2015, the Company purchased the remaining 66.7% interest in the 39-property Kimstone portfolio from Blackstone for a gross purchase price of $1.4 billion, including the assumption of $638.0 million in mortgage debt.
[2] The Company manages these joint venture investments and, where applicable, earns acquisition fees, leasing commissions, property management fees, asset management fees and construction management fees.
[3] During the six months ended June 30, 2015, the Company sold its noncontrolling interest in three properties and a land parcel to its partner, RioCan, for a total sales price of CAD $238.1 million (USD $190.7 million). The Company recognized a gain of $53.5 million, before income taxes, associated with the transaction.
[4] During the six months ended June 30, 2015, a joint venture in which the Company holds a noncontrolling interest sold an operating property for an aggregate sales price of $21.1 million. The Company recognized a loss of $0.1 million, before income taxes, associated with the transaction.
[5] During the six months ended June 30, 2015, the Company acquired one property from a joint venture in which the Company had a noncontrolling interest for a total sales price of $5.8 million.