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SEGMENT REPORTING (Details)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
USD ($)
Jun. 30, 2014
USD ($)
Jun. 30, 2015
USD ($)
segment
Jun. 30, 2014
USD ($)
Segment Reporting Information [Line Items]        
Number of reportable segments | segment     3  
Revenues $ 53,161 $ 49,511 $ 105,642 $ 96,196
Property operating expenses, other operating and real estate taxes (13,214) (12,214) (29,357) (25,695)
General and administrative expenses (8,005) (6,879) (15,537) (13,775)
Depreciation and amortization (13,903) (11,584) (27,561) (23,171)
Operating income 13,039 18,834 28,187 33,555
Equity in earnings of unconsolidated affiliates 3,406 1,430 9,999 4,459
Gain on disposition of property of unconsolidated affiliates 17,105 0 17,105 0
Loss on debt extinguishment (25) (66) (134) (269)
Impairment of asset (5,000) 0 (5,000) 0
Gain on disposition of properties 61,841 561 88,984 12,948
Interest and other finance expense (9,964) (9,534) (18,785) (20,185)
Income tax benefit (provision) 56 83 (1,361) (85)
Income from continuing operations 85,458 11,308 123,995 30,423
Net income 85,458 11,868 123,995 30,983
Gain on disposition of property 0 560 0 560
Continuing operations (58,963) 57 (80,953) 2,537
Discontinued operations 0 (461) 0 (461)
Net loss (income) attributable to noncontrolling interests (58,963) (404) (80,953) 2,076
Net income attributable to Common Shareholders 26,495 11,464 43,042 33,059
Real Estate at Cost 2,578,580 1,982,629 2,578,580 1,982,629
Total Assets 2,973,699 2,372,196 2,973,699 2,372,196
Acquisition of Real Estate 52,800 17,100 273,071 107,600
Investment in Redevelopment and Improvements 64,751 30,806 105,245 68,311
Core Portfolio        
Segment Reporting Information [Line Items]        
Revenues 37,593 30,535 73,186 60,684
Property operating expenses, other operating and real estate taxes (8,235) (7,587) (17,926) (15,493)
General and administrative expenses (7,397) (6,238) (14,208) (12,651)
Depreciation and amortization (10,568) (8,300) (20,475) (16,633)
Operating income 6,393 8,410 15,577 15,907
Equity in earnings of unconsolidated affiliates 699 227 1,133 323
Gain on disposition of property of unconsolidated affiliates 0   0  
Loss on debt extinguishment 0 (3) 0 (3)
Impairment of asset (5,000)   (5,000)  
Gain on disposition of properties 0 0 0 12,387
Interest and other finance expense (7,329) (6,627) (13,797) (13,510)
Income tax benefit (provision) 75 91 (405) (13)
Income from continuing operations   2,098   15,091
Net income (162) 2,098 2,508 15,091
Gain on disposition of property   0   0
Continuing operations   (1,036)   (1,453)
Discontinued operations   (4)   (4)
Net loss (income) attributable to noncontrolling interests 2,205 (1,040) 2,026 (1,457)
Net income attributable to Common Shareholders 2,043 1,058 4,534 13,634
Real Estate at Cost 1,553,174 1,184,956 1,553,174 1,184,956
Total Assets 1,650,555 1,153,586 1,650,555 1,153,586
Acquisition of Real Estate 0 17,100 169,235 107,600
Investment in Redevelopment and Improvements 3,271 754 9,624 2,182
Funds        
Segment Reporting Information [Line Items]        
Revenues 11,583 13,934 25,063 26,576
Property operating expenses, other operating and real estate taxes (4,979) (4,627) (11,431) (10,202)
General and administrative expenses (608) (641) (1,329) (1,124)
Depreciation and amortization (3,335) (3,284) (7,086) (6,538)
Operating income 2,661 5,382 5,217 8,712
Equity in earnings of unconsolidated affiliates 2,707 1,203 8,866 4,136
Gain on disposition of property of unconsolidated affiliates 17,105   17,105  
Loss on debt extinguishment (25) (63) (134) (266)
Impairment of asset 0   0  
Gain on disposition of properties 61,841 561 88,984 561
Interest and other finance expense (2,635) (2,907) (4,988) (6,675)
Income tax benefit (provision) (19) (8) (956) (72)
Income from continuing operations   4,168   6,396
Net income 81,635 4,728 114,094 6,956
Gain on disposition of property   560   560
Continuing operations   1,093   3,990
Discontinued operations   (457)   (457)
Net loss (income) attributable to noncontrolling interests (61,168) 636 (82,979) 3,533
Net income attributable to Common Shareholders 20,467 5,364 31,115 10,489
Real Estate at Cost 1,025,406 797,673 1,025,406 797,673
Total Assets 1,154,213 1,122,303 1,154,213 1,122,303
Acquisition of Real Estate 52,800 0 103,836 0
Investment in Redevelopment and Improvements 61,480 30,052 95,621 66,129
Structured Financing        
Segment Reporting Information [Line Items]        
Revenues 3,985 5,042 7,393 8,936
Property operating expenses, other operating and real estate taxes 0 0 0 0
General and administrative expenses 0 0 0 0
Depreciation and amortization 0 0 0 0
Operating income 3,985 5,042 7,393 8,936
Equity in earnings of unconsolidated affiliates 0 0 0 0
Gain on disposition of property of unconsolidated affiliates 0   0  
Loss on debt extinguishment 0 0 0 0
Impairment of asset 0   0  
Gain on disposition of properties 0 0 0 0
Interest and other finance expense 0 0 0 0
Income tax benefit (provision) 0 0 0 0
Income from continuing operations   5,042   8,936
Net income 3,985 5,042 7,393 8,936
Gain on disposition of property   0   0
Continuing operations   0   0
Discontinued operations   0   0
Net loss (income) attributable to noncontrolling interests 0 0 0 0
Net income attributable to Common Shareholders 3,985 5,042 7,393 8,936
Real Estate at Cost 0 0 0 0
Total Assets 168,931 96,307 168,931 96,307
Acquisition of Real Estate 0 0 0 0
Investment in Redevelopment and Improvements $ 0 $ 0 $ 0 $ 0