ACQUISITION AND DISPOSITION OF PROPERTIES AND DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2011

Acquisition and Disposition of Properties and Discontinued Operations [Abstract]

Schedule of Purchase Price Allocation [Table Text Block]

The following table sets forth a summary of the finalized acquisition purchase price consideration of each major class of assets acquired and liabilities assumed in the 2011 acquisitions discussed above:

	Total Purchase Price Consideration
(dollars in thousands)
Land	$	24,993
Buildings and improvements	39,594
Acquisition-related intangible assets (in Acquired lease intangibles, net)	9,945
Acquisition-related intangible liabilities (in Acquired lease and other intangibles, net)	(627		)
Total consideration	$	73,905

Schedule Of Property Dispositions [Table Text Block]

During 2011 and 2009, the Company disposed of the following properties:

(dollars in thousands) Property	Owner	Year Sold	Sales Price		Gain (Loss)			GLA
Fifteen Kroger/Safeway locations	Fund I	2011	$	17,490	$	14,645		617,276
Granville Centre	Fund I	2011	2,250		(313		)	134,997
Ledgewood Mall	Core Portfolio	2011	37,000		28,576			517,151
Oakbrook	Fund II	2011	8,200		3,922			112,000
Blackman Plaza	Core Portfolio	2009	2,500		1,506			125,264
Six Kroger locations	Fund I	2009	9,481		5,637			277,700
Total			$	76,921	$	53,973		1,784,388

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]

The combined assets and liabilities as of December 31, 2010, and the results of operations of the properties classified as discontinued operations for the years ended December 31, 2011, 2010 and 2009, are summarized as follows:

BALANCE SHEET
ASSETS	December 31, 2010
(dollars in thousands)
Net real estate	$	20,981
Rents receivable, net	649
Deferred charges, net of amortization	2,016
Prepaid expenses and other assets, net	155
Total assets of discontinued operations	$	23,801
LIABILITIES
Accounts payable and accrued expenses	$	233
Other liabilities	342
Total liabilities of discontinued operations	$	575

	Years ended December 31,
STATEMENTS OF OPERATIONS	2011			2010			2009
(dollars in thousands)
Total revenues	$	5,309		$	11,913		$	12,902
Total expenses	3,047			8,581			9,183
Operating income	2,262			3,332			3,719
Loss on impairment of asset	(6,925		)	—			—
Gain on sale of property	46,830			—			7,143
Income from discontinued operations	42,167			3,332			10,862
(Income) from discontinued operations attributable to noncontrolling interests	(10,674		)	(1,535		)	(6,303		)
Income from discontinued operations attributable to Common Shareholders	$	31,493		$	1,797		$	4,559