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Note 4 - Investments and Advances in Real Estate Joint Ventures (Details) (USD $)
3 Months Ended 6 Months Ended 1 Months Ended 1 Months Ended 6 Months Ended 6 Months Ended 6 Months Ended 6 Months Ended 1 Months Ended 6 Months Ended 6 Months Ended 6 Months Ended 6 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
KimPru and KimPru II [Member]
Operating Properties [Member]
Jun. 30, 2013
KimPru and KimPru II [Member]
Dec. 31, 2012
KimPru and KimPru II [Member]
Jun. 30, 2013
KimPru [Member]
Jun. 30, 2013
Intown [Member]
Dec. 31, 2012
Intown [Member]
Jun. 30, 2013
Intown [Member]
Minimum [Member]
Jun. 30, 2013
Intown [Member]
Maximum [Member]
Jun. 30, 2013
Other Joint Venture Programs [Member]
Sold [Member]
Jun. 30, 2012
Other Joint Venture Programs [Member]
Additional [Member]
Sold [Member]
Jun. 30, 2013
Other Joint Venture Programs [Member]
Operating Properties [Member]
Jun. 30, 2012
Other Joint Venture Programs [Member]
Sold [Member]
Jun. 30, 2013
Other Joint Venture Programs [Member]
Sold [Member]
Jun. 30, 2013
Other Joint Venture Programs [Member]
Jun. 30, 2012
Other Joint Venture Programs [Member]
Dec. 31, 2012
Other Joint Venture Programs [Member]
Jun. 30, 2013
Kimco Income Fund [Member]
Additional [Member]
Jun. 30, 2013
Kimco Income Fund [Member]
Dec. 31, 2012
Kimco Income Fund [Member]
Jun. 30, 2013
UBS Programs [Member]
Operating Properties [Member]
Jun. 30, 2013
UBS Programs [Member]
Dec. 31, 2012
UBS Programs [Member]
Jun. 30, 2012
Other Institutional Programs [Member]
Pending Sale [Member]
Jun. 30, 2013
Other Institutional Programs [Member]
Operating Properties [Member]
Jun. 30, 2012
Other Institutional Programs [Member]
Operating Properties [Member]
Jun. 30, 2013
Other Institutional Programs [Member]
Dec. 31, 2012
Other Institutional Programs [Member]
Jun. 30, 2013
BIG Shopping Centers [Member]
Company's Share [Member]
Jun. 30, 2013
BIG Shopping Centers [Member]
Dec. 31, 2012
BIG Shopping Centers [Member]
Jun. 30, 2013
Latin America [Member]
Operating Properties [Member]
Jun. 30, 2013
Latin America [Member]
Dec. 31, 2012
Latin America [Member]
Jun. 30, 2013
KIR [Member]
Jun. 30, 2013
Kimstone [Member]
UBS Programs [Member]
Jun. 30, 2013
Kimstone [Member]
Dec. 31, 2012
Sold [Member]
Operating Properties [Member]
Jun. 30, 2013
Operating Properties [Member]
Jun. 30, 2012
RioCan [Member]
Note 4 - Investments and Advances in Real Estate Joint Ventures (Details) [Line Items]                                                                                      
Number of Joint Ventures           4   3                 3 2                                                  
Number of Accounts           4                                                                          
Sales of Real Estate                 $ 735,000,000             $ 75,500,000   $ 228,800,000 $ 180,000,000               $ 127,000,000                 $ 274,000,000           $ 100,800,000  
Transfer Mortgage Payable       13,655,000         609,200,000                                                                    
Deferred Gain on Sale of Property                 21,700,000                                                                    
Guarantor Obligations, Current Carrying Value                 145,200,000                                                                    
Debt Instrument, Basis Spread on Variable Rate                     1.15% 5.00%                                                              
Debt Instrument, Convertible, Term                 5 years                                                                    
Number of Agreements                                   1                                                  
Number of Real Estate Properties 4   4     60 [1],[2],[3] 61 [1],[2],[3]      [4] 138 [4]     2 2       82 [5],[6]   87 [5],[6]   12 [1],[7] 12 [1],[7]      [1],[10],[8],[9] 40 [1],[10],[8],[9]       56 [1],[11] 58 [1],[11]   21 [1],[12],[8] 22 [1],[12],[8]   124 [13] 131 [13]       1    
Gains (Losses) on Sales of Investment Real Estate                                   30,900,000 8,300,000                   12,100,000           24,300,000 48,600,000              
Equity Method Investment, Ownership Percentage           15.00% [1],[2],[3] 15.00% [1],[2],[3]      [4]    [4]                  [5],[6]      [5],[6] 24.24% 39.50% [1],[7] 15.20% [1],[7]      [1],[10],[8],[9] 17.90% [1],[10],[8],[9]          [1],[11]    [1],[11]   37.90% [1],[12],[8] 37.70% [1],[12],[8]      [13]    [13] 3.57% 66.70% 33.30%      
Payments to Acquire Equity Method Investments (in Dollars)           15,800,000                               38,300,000     1,100,000,000                         48,400,000          
Payments to Acquire Real Estate     145,303,000 267,427,000                                       32,700,000       14,200,000                              
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain (in Dollars) (1,459,000) 12,147,000 21,711,000 14,156,000                       2,000,000                       500,000                              
Gains (Losses) on Extinguishment of Debt                                                               2,400,000 13,700,000                    
Impairment of Real Estate     81,500,000 34,600,000 600,000 4,000,000                 900,000     1,800,000                                               20,800,000  
Noncontrolling Interest, Ownership Percentage by Parent                                                                               33.30%      
Other Income                               2,600,000                         1,100,000                            
Real Estate Partnership Investment Subsidiaries, Net Income (Loss) before Tax                                                                                     7,500,000
Real Estate Tax Expense $ 28,858,000 $ 27,985,000 $ 58,306,000 $ 55,592,000                                                                             $ 1,500,000
[1] 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.
[2] During the six months ended June 30, 2013, the Company purchased the remaining interest in an operating property for a purchase price of $15.8 million. As a result of this transaction, KimPru recognized an impairment charge of $4.0 million, of which the Company's share was $0.6 million.
[3] 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.
[4] The Company's share of this investment was subject to fluctuation and dependent upon property cash flows. During June 2013, the Intown portfolio was sold for a sales price of $735.0 million which included the assignment of $609.2 million in debt. This transaction resulted in a deferred gain to the Company of $21.7 million. The Company continues to maintain its guarantee of $145.2 million of outstanding debt assumed by the buyer. The guarantee is collateralized by the buyer's ownership interest in the portfolio. The Company is entitled to a guarantee fee, for the initial term of the loan, which is scheduled to mature in December 2015. The guarantee fee is calculated based upon the difference between LIBOR plus 1.15% and 5.0% per annum multiplied by the outstanding amount of the loan. Additionally, the Company has entered into a commitment to provide financing up to $145.2 million for five years past the date of maturity. This commitment can be in the form of extensions with the current lender or a new lender or financing directly from the Company to the buyer. Due to this continued involvement, the Company deferred its gain until such time that the guarantee and commitment expire.
[5] During the six months ended June 30, 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.
[6] During the six months ended June 30, 2013, two joint ventures in which the Company held noncontrolling interests sold two operating properties to the Company, in separate transactions, for an aggregate sales price of $228.8 million. The Company evaluated these transactions pursuant to the FASB's Consolidation guidance. As such, the Company recognized an aggregate gain of $30.9 million, before income tax, from the fair value adjustment associated with its original ownership due to a change in control and now consolidates these operating properties.
[7] During the six months ended June 30, 2013, the Company purchased an additional 24.24% interest in Kimco Income Fund for $38.3 million.
[8] Ownership % is a blended rate
[9] During the six months ended June 30, 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 a change in control and now consolidates this operating property.
[10] During June 2013, the Company increased its ownership interest in the UBS Programs to 33.3% and simultaneously UBS transferred its remaining 66.7% ownership interest in the UBS Programs to affiliates of Blackstone Real Estate Partners VII ("Blackstone"). Both of these transactions were based on a gross purchase price of $1.1 billion. Upon completion of these transactions, Blackstone and the Company entered into a new joint venture (Kimstone) under a new joint venture agreement in which the Company owns a 33.3% noncontrolling interest.
[11] During the six months ended June 30, 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.
[12] During the six months ended June 30, 2013, BIG recognized a gain on early extinguishment of debt of $13.7 million related to a property that was foreclosed on by a third party lender. The Company's share of this gain was $2.4 million.
[13] During the six months ended June 30, 2013, the Company sold nine operating properties located throughout Mexico for $274.0 million which were held in unconsolidated joint ventures in which the Company has noncontrolling interests. This transaction resulted in a net gain of $48.6 million, after tax, of which the Company's share was $24.3 million.