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Note 7 - Investment and Advances in Real Estate Joint Ventures (Details)
12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 1 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, 2013
USD ($)
Dec. 31, 2012
USD ($)
Dec. 31, 2011
USD ($)
Dec. 31, 2013
KimPru and KimPru II [Member]
Parent Company [Member]
USD ($)
Dec. 31, 2013
KimPru and KimPru II [Member]
USD ($)
Dec. 31, 2012
KimPru and KimPru II [Member]
Dec. 31, 2012
KimPru [Member]
Sold [Member]
USD ($)
Dec. 31, 2011
KimPru [Member]
Sold [Member]
Dec. 31, 2011
KimPru [Member]
Potential Foreclosure [Member]
USD ($)
Dec. 31, 2012
KimPru [Member]
Parent Company [Member]
USD ($)
Dec. 31, 2011
KimPru [Member]
Parent Company [Member]
USD ($)
Dec. 31, 2012
KimPru [Member]
Potential Foreclosure [Member]
Dec. 31, 2011
KimPru [Member]
USD ($)
Dec. 31, 2013
KimPru [Member]
Jun. 30, 2013
Intown [Member]
USD ($)
Dec. 31, 2013
Intown [Member]
USD ($)
Dec. 31, 2012
Intown [Member]
Dec. 31, 2013
Intown [Member]
Minimum [Member]
Dec. 31, 2013
Intown [Member]
Maximum [Member]
Dec. 31, 2013
Other Joint Venture Programs [Member]
Sold [Member]
Operating Properties [Member]
Dec. 31, 2013
Other Joint Venture Programs [Member]
Sold [Member]
Dec. 31, 2012
Other Joint Venture Programs [Member]
Sold [Member]
Dec. 31, 2012
Other Joint Venture Programs [Member]
Pending Sale [Member]
Dec. 31, 2012
Other Joint Venture Programs [Member]
Parent Company [Member]
USD ($)
Dec. 31, 2013
Other Joint Venture Programs [Member]
MEXICO
Operating Properties [Member]
USD ($)
Dec. 31, 2013
Other Joint Venture Programs [Member]
MEXICO
Dec. 31, 2013
Other Joint Venture Programs [Member]
Operating Properties [Member]
USD ($)
Dec. 31, 2013
Other Joint Venture Programs [Member]
USD ($)
Dec. 31, 2012
Other Joint Venture Programs [Member]
USD ($)
Dec. 31, 2013
Kimco Income Fund [Member]
USD ($)
Dec. 31, 2012
Kimco Income Fund [Member]
Dec. 31, 2011
KIR [Member]
Sold [Member]
Operating Properties [Member]
Dec. 31, 2013
KIR [Member]
Parent Company [Member]
USD ($)
Dec. 31, 2011
KIR [Member]
Parent Company [Member]
USD ($)
Dec. 31, 2011
KIR [Member]
Operating Properties [Member]
USD ($)
Dec. 31, 2013
KIR [Member]
USD ($)
Dec. 31, 2012
KIR [Member]
Dec. 31, 2013
KIR [Member]
Minimum [Member]
Dec. 31, 2012
KIR [Member]
Maximum [Member]
Dec. 31, 2011
UBS Programs [Member]
Sold [Member]
Dec. 31, 2011
UBS Programs [Member]
Potential Foreclosure [Member]
Parent Company [Member]
USD ($)
Dec. 31, 2011
UBS Programs [Member]
Potential Foreclosure [Member]
USD ($)
Dec. 31, 2012
UBS Programs [Member]
Parent Company [Member]
USD ($)
Dec. 31, 2011
UBS Programs [Member]
Parent Company [Member]
USD ($)
Dec. 31, 2013
UBS Programs [Member]
Operating Properties [Member]
USD ($)
Jun. 30, 2013
UBS Programs [Member]
USD ($)
Dec. 31, 2012
UBS Programs [Member]
USD ($)
Dec. 31, 2011
UBS Programs [Member]
USD ($)
Dec. 31, 2012
Other Institutional Programs [Member]
Encumbered [Member]
Sold [Member]
Operating Properties [Member]
Dec. 31, 2012
Other Institutional Programs [Member]
Encumbered [Member]
Operating Properties [Member]
USD ($)
Dec. 31, 2012
Other Institutional Programs [Member]
Parent Company [Member]
USD ($)
Dec. 31, 2013
Other Institutional Programs [Member]
Operating Properties [Member]
USD ($)
Dec. 31, 2012
Other Institutional Programs [Member]
Operating Properties [Member]
USD ($)
Dec. 31, 2012
Other Institutional Programs [Member]
USD ($)
Dec. 31, 2013
Other Institutional Programs [Member]
Dec. 31, 2012
BIG Shopping Centers [Member]
Foreclosed On [Member]
Parent Company [Member]
USD ($)
Dec. 31, 2012
BIG Shopping Centers [Member]
Foreclosed On [Member]
USD ($)
Dec. 31, 2013
BIG Shopping Centers [Member]
USD ($)
Dec. 31, 2012
BIG Shopping Centers [Member]
Dec. 31, 2013
Kimstone [Member]
Jun. 30, 2013
Kimstone [Member]
Dec. 31, 2012
Kimstone [Member]
Dec. 31, 2012
RioCan [Member]
USD ($)
Dec. 31, 2013
RioCan [Member]
Oct. 31, 2001
RioCan [Member]
Dec. 31, 2012
RioCan [Member]
Minimum [Member]
Dec. 31, 2011
KimPru II [Member]
Foreclosed On [Member]
Operating Properties [Member]
USD ($)
Dec. 31, 2011
KimPru II [Member]
Parent Company [Member]
USD ($)
Dec. 31, 2012
KUBS [Member]
Sold [Member]
Dec. 31, 2013
KUBS [Member]
Dec. 31, 2012
KUBS [Member]
Dec. 31, 2011
Canadian Hotel Portfolio [Member]
USD ($)
Dec. 31, 2011
Canadian Hotel Portfolio [Member]
CAD
Dec. 31, 2013
Sold [Member]
Mexico and Chile [Member]
Operating Properties [Member]
Dec. 31, 2013
Parent Company [Member]
USD ($)
Jun. 30, 2013
Blackstone [Member]
UBS Programs [Member]
Dec. 31, 2013
Mexico and Chile [Member]
Operating Properties [Member]
USD ($)
Dec. 31, 2013
Maximum [Member]
Note 7 - Investment and Advances in Real Estate Joint Ventures (Details) [Line Items]                                                                                                                                                            
Number of Joint Ventures         4                 3               2           2 3                                                 2                     3                          
Number of Accounts         4                                                                                                                                                  
Sales of Real Estate                             $ 735,000,000                   $ 603,500,000   $ 132,100,000 $ 228,800,000 $ 118,000,000             $ 30,000,000                           $ 75,500,000     $ 127,000,000                                               $ 341,900,000  
Transfer Mortgage Payable   17,083,000                         609,200,000                                                                                                                              
Deferred Gain on Sale of Property                             21,700,000                                                                                                                              
Guarantor Obligations, Current Carrying Value                               139,700,000                                                                                                                            
Debt Instrument, Basis Spread on Variable Rate                                   1.15%                                                                                                                        
Debt Instrument, Interest Rate, Stated Percentage                                     5.00%                                                                                                                      
Debt Instrument, Term                               5 years                                                                                                                            
Number of Preferred Equity Investments                                                       1                                                                                                    
Number of Real Estate Properties         60 [1],[2],[3] 61 [1],[2],[3]   2,000,000       2          [4] 138 [4]     6 2 1 1   10 84   75 [5],[6],[7] 87 [5],[6],[7] 12 [1],[8] 12 [1],[8] 1       57 [1],[10],[9] 58 [1],[10],[9]     1                 2       4 58 [1],[11] 56 [1],[11]     21 [1],[12],[13] 22 [1],[12],[13] 39 [1],[14]      [1],[14] 45 45     1   2    [1],[13],[14],[15] 40 [1],[13],[14],[15]     20        
Gains (Losses) on Sales of Investment Real Estate                                                     6,100,000 30,900,000 8,300,000       3,000,000     6,100,000                                                                                 22,900,000  
Business Acquisition, Percentage of Voting Interests Acquired                                                           24.24%           3.57%                                                                                    
Payments to Acquire Equity Method Investments         15,800,000                                                 38,300,000           48,400,000                   1,100,000,000                                                                
Payments to Acquire Real Estate 354,287,000 442,541,000 268,282,000                                                                                   32,700,000             14,200,000                                                    
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain 21,711,000 15,555,000 569,000                                                                                                 500,000                                                    
Gains (Losses) on Extinguishment of Debt                     4,400,000   29,600,000                                                                                         13,700,000                                 2,400,000      
Impairment of Real Estate 59,600,000     600,000 4,000,000   6,500,000   53,600,000 800,000 6,000,000                         6,400,000 9,400,000   1,500,000   12,800,000         2,100,000 4,600,000           800,000 5,000,000 2,200,000 1,900,000     13,000,000 9,700,000     800,000     6,500,000   900,000 9,000,000                   7,300,000 1,000,000       5,200,000            
Equity Method Investment, Ownership Percentage         15.00% [1],[2],[3] 15.00% [1],[2],[3]                      [4]    [4]                        [5],[6],[7]    [5],[6],[7] 39.50% [1],[8] 15.20% [1],[8]         48.60% [1],[10],[9] 45.00% [1],[10],[9]                 33.30%                  [1],[11]    [1],[11]     37.90% [1],[12],[13] 37.70% [1],[12],[13] 33.30% [1],[14]      [1],[14] 50.00% 50.00% 50.00%            [1],[13],[14],[15] 17.90% [1],[13],[14],[15]              
Noncontrolling Interest, Ownership Percentage by Parent                                                                                                                         33.30%                             66.70%   100.00%
Release of Liability of Debt From Sale                                                 301,200,000                                                                                                          
Gain (Loss) on Sale of Properties, before Applicable Income Taxes                                                 78,200,000                                                                                                          
Income Tax Expense (Benefit) 34,520,000 16,922,000 25,789,000                                           25,100,000                                                                                                          
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 117,563,000 110,747,000 104,451,000                                                                                                                       1,500,000                              
Equity Method Investment, Net Sales Proceeds (in Dollars)                                                                                                                                               2,400,000 2,500,000          
Equity Method Investment, Net Sales Proceeds                                                                                                                                               2,400,000 2,500,000          
Percent of Income from Continuing Operations                                                                           10.00% 10.00%                                                     10.00%                        
Other Liabilities 357,764,000 333,962,000                                                   41,500,000 21,300,000                                                                                                  
Equity Method Investments $ 1,257,010,000 $ 1,428,155,000                                                                                                                                                        
[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] 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.
[3] During the year ended December 31, 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.
[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 maintains its guarantee on a portion of the debt ($139.7 million as of December 31, 2013) 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 the outstanding amount of the guaranteed portion of the loan for five years past the date of maturity. This commitment can be in the form of extensions with the current lender, loans from 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 year ended December 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 Consolidated Balance Sheets.
[6] During the year ended December 31, 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 year ended December 31, 2013, joint ventures in which the Company has noncontrolling interests sold six operating properties, in separate transactions, for an aggregate sales price of $132.1 million. In connection with these transactions, the Company recognized its share of the aggregate gains of $6.1 million and aggregate impairment charges of $1.5 million.
[8] During the year ended December 31, 2013, the Company purchased an additional 24.24% interest in Kimco Income Fund for $38.3 million.
[9] During the year ended December 31, 2013, the Company purchased an additional 3.57% interest in KIR for $48.4 million.
[10] During the year ended December 31, 2013, KIR sold an operating property in Cincinnati, OH for a sales price of $30.0 million and recognized a gain of $6.1 million. The Company's share of this gain was $3.0 million.
[11] During the year ended December 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.
[12] During the year ended December 31, 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] Ownership % is a blended rate
[14] 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) in which the Company owns a 33.3% noncontrolling interest.
[15] During the year ended December 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 a change in control and now consolidates this operating property.