ACQUISITION OF REAL ESTATE AND DISCONTINUED OPERATIONS (Tables)

3 Months Ended

Mar. 31, 2014

Restructuring Cost and Reserve [Line Items]

Schedule of Business Acquisitions, by Acquisition

During 2014, the Company acquired the following properties through its Core Portfolio and Fund IV as follows:

Core Portfolio

(dollars in millions)
Property	GLA	Percent Owned		Type	Month of Acquisition	Purchase Price		Location
11 E Walton	6,738	100	%	Street Retail	January	$	44.0	Chicago, IL
61 Main Street	3,400	100	%	Street Retail	February	7.3		Westport, CT
865 W North Avenue	16,000	100	%	Street Retail	March	14.8		Chicago, IL
252-256 Greenwich Avenue	9,172	100	%	Street Retail	March	24.5		Greenwich, CT
Total	35,310					$	90.6

The Company expensed $0.7 million of acquisition costs for the three months ended March 31, 2014 related to the Core Portfolio.

Fund IV

(dollars in millions)
Property	GLA	Percent Owned		Type	Month of Acquisition	Purchase Price		Location
Broughton Street Portfolio	55,565	50	%	Street Retail	March	$	4.9	Savannah, GA
Total	55,565					$	4.9

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 are summarized for each period presented as follows:

(dollars in thousands)
BALANCE SHEETS	March 31, 2014		December 31, 2013
ASSETS
Net real estate	$	18,048	$	17,991
Rents receivable, net	33		565
Deferred charges, net	38		38
Prepaid expenses and other assets	243		1,840
Total assets of discontinued operations	$	18,362	$	20,434
LIABILITIES
Accounts payable and accrued expenses	$	104	$	1,473
Other liabilities	2		1,034
Total liabilities of discontinued operations	$	106	$	2,507

	Three Months Ended
(dollars in thousands)	March 31,
STATEMENT OF INCOME	2013
Total revenues	$	6,180
Total expenses	4,556
Operating income	1,624
Income from discontinued operations attributable to noncontrolling interests	(1,591		)
Income from discontinued operations attributable to Common Shareholders	$	33

Acquisitions In 2014

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 2014 which have yet to be finalized:

(dollars in thousands)	Preliminary Purchase Price Allocations
Land	$	23,865
Buildings and improvements	71,586
Total consideration	$	95,451

Acquisitions in 2013

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, 2013, and the finalized allocations as adjusted as of March 31, 2014:

(dollars in thousands)	Purchase Price Allocations as Originally Reported		Adjustments			Finalized Purchase Price Allocations
Land	$	22,182	$	(605	)	$	21,577
Buildings and improvements	84,061		(7,514		)	76,547
Acquisition-related intangible assets (in Acquired lease intangibles, net)	—		9,092			9,092
Acquisition-related intangible liabilities (in Acquired lease intangibles, net)	—		(973		)	(973		)
Total consideration	$	106,243	$	—		$	106,243