XML 28 R47.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 4 - Investments and Advances in Real Estate Joint Ventures (Detail) (USD $)
3 Months Ended 12 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Dec. 31, 2013
Dec. 31, 2012
Number of Agreements 1      
Business Acquisition, Cost of Acquired Entity, Purchase Price $ 220,963,000      
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain 23,170,000 2,008,000    
Impairment of Real Estate 3,200,000 9,600,000    
KimPru and KimPru II [Member]
       
Number of Joint Ventures 4      
Number of Accounts 4      
Number of Real Estate Properties 61 [1],[2]     61 [1],[2]
KimPru [Member] | Company's Share Of Impairment [Member]
       
Impairment of Real Estate     500,000  
KimPru [Member]
       
Number of Joint Ventures 3      
Impairment of Real Estate 3,700,000      
Other Joint Venture Programs [Member] | Sold [Member] | Additional [Member]
       
Number of Real Estate Properties 2      
Other Joint Venture Programs [Member] | Sold [Member]
       
Business Acquisition, Cost of Acquired Entity, Purchase Price 75,500,000      
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain   2,000,000    
Number of Real Estate Properties   3    
Other Income   2,600,000    
Other Joint Venture Programs [Member] | Sold [Member]
       
Number of Joint Ventures   3    
Other Joint Venture Programs [Member] | Pending Sale [Member]
       
Number of Real Estate Properties     1  
Other Joint Venture Programs [Member] | Company's Share Of Impairment [Member]
       
Impairment of Real Estate 900,000      
Other Joint Venture Programs [Member]
       
Sales of Real Estate 98,000,000 180,000,000    
Gains (Losses) on Sales of Investment Real Estate 22,700,000 8,300,000    
Number of Real Estate Properties 86 [3],[4]     87 [3],[4]
Impairment of Real Estate     1,800,000  
Kimco Income Fund [Member]
       
Business Acquisition, Percentage of Voting Interests Acquired 14.49%      
Business Acquisition, Cost of Acquired Entity, Purchase Price 19,900,000      
Number of Real Estate Properties 12 [2],[5]     12 [2],[5]
UBS Programs [Member] | Operating Properties [Member]
       
Business Acquisition, Cost of Acquired Entity, Purchase Price 32,700,000      
UBS Programs [Member]
       
Number of Real Estate Properties 39 [2],[6],[7]     40 [2],[6],[7]
Other Institutional Programs [Member] | Operating Properties [Member]
       
Business Acquisition, Cost of Acquired Entity, Purchase Price 14,200,000      
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain 500,000      
Other Institutional Programs [Member]
       
Number of Real Estate Properties 57 [2],[8]     58 [2],[8]
BIG Shopping Centers [Member] | Company's Share [Member]
       
Gains (Losses) on Extinguishment of Debt 2,400,000      
BIG Shopping Centers [Member]
       
Gains (Losses) on Extinguishment of Debt 13,700,000      
Number of Real Estate Properties 21 [2],[6]     22 [2],[6]
Latin America [Member] | Operating Properties [Member] | Losses [Member]
       
Number of Real Estate Properties 3      
Latin America [Member] | Operating Properties [Member]
       
Number of Real Estate Properties 9      
Latin America [Member] | Additional [Member] | Company's Share [Member]
       
Gains (Losses) on Sales of Investment Real Estate (2,300,000)      
Latin America [Member] | Additional [Member]
       
Gains (Losses) on Sales of Investment Real Estate (4,600,000)      
Latin America [Member] | Company's Share [Member]
       
Gains (Losses) on Sales of Investment Real Estate 26,600,000      
Latin America [Member]
       
Gains (Losses) on Sales of Investment Real Estate 53,200,000      
Number of Real Estate Properties 131     131
Operating Properties [Member] | Sold [Member]
       
Number of Real Estate Properties 1      
Operating Properties [Member]
       
Sales of Real Estate $ 10,300,000      
[1] This venture represents four separate joint ventures, with four separate accounts managed by Prudential Real Estate Investors ("PREI"), three of these ventures are collectively referred to as KimPru and the remaining venture is referred to as KimPru II.
[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 three months ended March 31, 2013, a joint venture in which the Company held a noncontrolling interest sold an operating property to the Company for a sales price of $98.0 million. The Company evaluated this transaction pursuant to the FASB's Consolidation guidance. As such, the Company recognized a gain of $22.7 million, before income tax, from the fair value adjustment associated with its original ownership due to a change in control and now consolidates this operating property.
[4] During the three months ended March 31, 2013, the Company amended one of its Canadian preferred equity investment agreements to restructure the investment as a pari passu joint venture in which the Company holds a noncontrolling interest. As a result of this transaction, the Company continues to account for its investment in this joint venture under the equity method of accounting and includes this investment in Investments and advances to real estate joint ventures within the Company's Condensed Consolidated Balance Sheets.
[5] During the three months ended March 31, 2013, the Company purchased an additional 14.49% interest in Kimco Income Fund for $19.9 million.
[6] Ownership % is a blended rate
[7] During the three months ended March 31, 2013, UBS sold an operating property to the Company for a sales price of $32.7 million, which was equal to the remaining debt balance. The Company evaluated this transaction pursuant to the FASB's Consolidation guidance. As such the Company recognized no gain or loss from the fair value adjustment associated with it's the Company's original ownership due to a change in control and now consolidates this operating property.
[8] During the three months ended March 31, 2013, a joint venture in which the Company held a noncontrolling interest sold an operating property to the Company for a sales price of $14.2 million. The Company evaluated this transaction pursuant to the FASB's Consolidation guidance. As such the Company recognized a gain of $0.5 million from the fair value adjustment associated with the Company's original ownership due to a change in control and now consolidates this operating property.