ACQUISITION AND DISPOSITION OF REAL ESTATE AND DISCONTINUED OPERATIONS (Tables)

9 Months Ended

Sep. 30, 2013

Restructuring Cost and Reserve [Line Items]

Combined Assets and Liabilities and Results of Operations of the Properties Classified as Discontinued Operations

The combined assets and liabilities and the results of operations of the properties classified as discontinued operations, in each period presented, are summarized as follows:

(dollars in thousands)
BALANCE SHEET	September 30, 2013		December 31, 2012
ASSETS
Net real estate	$	187,954	$	197,669
Cash in escrow	3,450		3,088
Rents receivable, net	11,909		12,257
Deferred charges, net of amortization	8,435		9,046
Acquired lease intangibles, net	3,196		3,399
Prepaid expenses and other assets, net	1,559		1,205
Total assets of discontinued operations	$	216,503	$	226,664
LIABILITIES
Mortgage notes payable	$	121,426	$	133,213
Accounts payable and accrued expenses	3,088		4,997
Other liabilities	7,517		7,861
Total liabilities of discontinued operations	$	132,031	$	146,071

	Three Months Ended						Nine Months Ended
(dollars in thousands)	September 30,						September 30,
STATEMENTS OF INCOME	2013			2012			2013			2012
Total revenues	$	6,439		$	15,466		$	20,176		$	44,623
Total expenses	3,604			13,307			14,076			35,593
Operating income	2,835			2,159			6,100			9,030
Gain on sale of property	—			5,917			4,191			8,585
Income from discontinued operations	2,835			8,076			10,291			17,615
Income from discontinued operations attributable to noncontrolling interests	(2,208		)	(6,297		)	(8,459		)	(13,998		)
Income from discontinued operations attributable to Common Shareholders	$	627		$	1,779		$	1,832		$	3,617

Acquisitions in 2013

Restructuring Cost and Reserve [Line Items]

Schedule of Business Acquisitions, by Acquisition

The following table summarizes the Company's preliminary allocations of the purchase prices of assets acquired and liabilities assumed during 2013 which have yet to be finalized:

(dollars in thousands)	Preliminary Purchase Price Allocations
Land	$	47,242
Buildings and improvements	159,045
Total consideration	$	206,287

Acquisitions in 2012

Restructuring Cost and Reserve [Line Items]

Schedule of Business Acquisitions, by Acquisition

The following table summarizes the preliminary allocations of the purchase prices of these properties as recorded as of December 31, 2012, and the finalized allocations as adjusted as of September 30, 2013:

(dollars in thousands)	Purchase Price Allocations as Originally Reported		Adjustments			Finalized Purchase Price Allocations
Land	$	38,028	$	2,819		$	40,847
Buildings and improvements	80,997		(1,971		)	79,026
Acquisition-related intangible assets (in Acquired lease intangibles, net)	—		11,069			11,069
Acquisition-related intangible liabilities (in Acquired lease intangibles, net)	—		(9,672		)	(9,672		)
Below market debt assumed (in Mortgage and other notes payable)	—		(2,245		)	(2,245		)
Total consideration	$	119,025	$	—		$	119,025