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MORTGAGES PAYABLE Summary Mortgage Notes Payable (Details) (USD $)
 1 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 0 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended 1 Months Ended 1 Months Ended 0 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended
Aug. 31, 2011
Dec. 31, 2011
properties
Dec. 31, 2010
Dec. 31, 2009
Jan. 31, 2011
Canarsie Plaza [Member]
Dec. 31, 2011
Liberty Avenue [Member]
Jun. 30, 2011
Fordham Place [Member]
Dec. 31, 2011
Tarrytown Shopping Center [Member]
Dec. 31, 2011
161st Street [Member]
Dec. 31, 2011
CityPoint [Member]
Dec. 31, 2011
Pelham Manor [Member]
Oct. 31, 2011
Branch Shopping Plaza [Member]
Dec. 31, 2011
Branch Shopping Plaza [Member]
Sep. 30, 2011
125 Main Street, Westport [Member]
Dec. 31, 2011
125 Main Street, Westport [Member]
Dec. 31, 2011
Cortlandt Towne Center [Member]
Dec. 31, 2011
Village Commons Shopping Center [Member]
Jan. 31, 2011
Chestnut Hill [Member]
properties
Dec. 31, 2011
Fund III [Member]
Dec. 31, 2011
Core Portfolio [Member]
Dec. 31, 2011
Fund II [Member]
Dec. 31, 2011
Fund III [Member]
Dec. 31, 2011
Fund II term loan [Member]
Dec. 31, 2011
Variable Interest Rate [Member]
Dec. 31, 2010
Variable Interest Rate [Member]
Dec. 31, 2011
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
Dec. 31, 2010
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
Aug. 31, 2011
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
Canarsie Plaza [Member]
Jan. 31, 2011
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
Canarsie Plaza [Member]
Dec. 31, 2011
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
Canarsie Plaza [Member]
Dec. 31, 2010
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
Canarsie Plaza [Member]
Nov. 30, 2011
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
Liberty Avenue [Member]
Dec. 31, 2011
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
Liberty Avenue [Member]
Dec. 31, 2010
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
Liberty Avenue [Member]
Dec. 31, 2011
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
Fordham Place [Member]
Jun. 30, 2011
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
Fordham Place [Member]
Dec. 31, 2010
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
Fordham Place [Member]
Dec. 31, 2011
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
Tarrytown Shopping Center [Member]
Nov. 30, 2011
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
Tarrytown Shopping Center [Member]
Dec. 31, 2010
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
Tarrytown Shopping Center [Member]
Dec. 31, 2011
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
161st Street [Member]
Dec. 31, 2010
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
161st Street [Member]
Dec. 31, 2011
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
CityPoint [Member]
Dec. 31, 2010
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
CityPoint [Member]
Dec. 31, 2011
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
Six Self-Storage Properties [Member]
Aug. 31, 2011
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
Six Self-Storage Properties [Member]
properties
Dec. 31, 2010
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
Six Self-Storage Properties [Member]
Jan. 31, 2011
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
Pelham Manor [Member]
Dec. 31, 2011
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
Pelham Manor [Member]
Dec. 31, 2010
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
Pelham Manor [Member]
Oct. 31, 2011
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
Branch Shopping Plaza [Member]
extensions
Dec. 31, 2011
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
Branch Shopping Plaza [Member]
Dec. 31, 2010
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
Branch Shopping Plaza [Member]
Dec. 31, 2011
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
125 Main Street, Westport [Member]
Sep. 30, 2011
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
125 Main Street, Westport [Member]
extensions
Dec. 31, 2010
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
125 Main Street, Westport [Member]
Dec. 31, 2011
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
Cortlandt Towne Center [Member]
Dec. 31, 2010
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
Cortlandt Towne Center [Member]
Dec. 31, 2011
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
Village Commons Shopping Center [Member]
Jun. 30, 2011
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
Village Commons Shopping Center [Member]
Dec. 31, 2010
Variable Interest Rate [Member]
Mortgage Notes Payable - Variable-Rate [Member]
Village Commons Shopping Center [Member]
Dec. 31, 2011
Variable Interest Rate [Member]
Secured Credit Facilities - Variable-Rate [Member]
Dec. 31, 2010
Variable Interest Rate [Member]
Secured Credit Facilities - Variable-Rate [Member]
Dec. 31, 2011
Variable Interest Rate [Member]
Interest Rate Swap [Member]
Dec. 31, 2010
Variable Interest Rate [Member]
Interest Rate Swap [Member]
Dec. 31, 2011
Variable Interest Rate [Member]
Fund III [Member]
Secured Credit Facilities - Variable-Rate [Member]
Dec. 31, 2010
Variable Interest Rate [Member]
Fund III [Member]
Secured Credit Facilities - Variable-Rate [Member]
Dec. 31, 2011
Variable Interest Rate [Member]
Six Core Portfolio properties[Member]
Secured Credit Facilities - Variable-Rate [Member]
Oct. 31, 2011
Variable Interest Rate [Member]
Six Core Portfolio properties[Member]
Secured Credit Facilities - Variable-Rate [Member]
properties
Dec. 31, 2010
Variable Interest Rate [Member]
Six Core Portfolio properties[Member]
Secured Credit Facilities - Variable-Rate [Member]
Dec. 31, 2011
Variable Interest Rate [Member]
Fund II term loan [Member]
Secured Credit Facilities - Variable-Rate [Member]
Dec. 31, 2010
Variable Interest Rate [Member]
Fund II term loan [Member]
Secured Credit Facilities - Variable-Rate [Member]
Dec. 31, 2011
Fixed Interest Rate [Member]
Dec. 31, 2010
Fixed Interest Rate [Member]
Dec. 31, 2011
Fixed Interest Rate [Member]
Interest Rate Swap [Member]
Dec. 31, 2010
Fixed Interest Rate [Member]
Interest Rate Swap [Member]
Dec. 31, 2011
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
CityPoint [Member]
Dec. 31, 2010
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
CityPoint [Member]
Dec. 31, 2011
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
Five Self-Storage Properties [Member]
Dec. 31, 2010
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
Five Self-Storage Properties [Member]
Jan. 31, 2011
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
Chestnut Hill [Member]
Dec. 31, 2011
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
Chestnut Hill [Member]
Dec. 31, 2010
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
Chestnut Hill [Member]
Dec. 31, 2011
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
Clark Diversey [Member]
Dec. 31, 2010
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
Clark Diversey [Member]
Dec. 31, 2011
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
New Louden Center [Member]
Dec. 31, 2010
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
New Louden Center [Member]
Dec. 31, 2011
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
Crescent Plaza [Member]
Dec. 31, 2010
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
Crescent Plaza [Member]
Dec. 31, 2011
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
Pacesetter Park Shopping Center [Member]
Dec. 31, 2010
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
Pacesetter Park Shopping Center [Member]
Dec. 31, 2011
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
Elmwood Park Shopping Center [Member]
Dec. 31, 2010
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
Elmwood Park Shopping Center [Member]
Dec. 31, 2011
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
The Gateway Shopping Center [Member]
Dec. 31, 2010
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
The Gateway Shopping Center [Member]
Dec. 31, 2011
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
Walnut Hill Plaza [Member]
Dec. 31, 2010
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
Walnut Hill Plaza [Member]
Dec. 31, 2011
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
239 Greenwich Avenue [Member]
Dec. 31, 2010
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
239 Greenwich Avenue [Member]
Dec. 31, 2011
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
Merrillville Plaza [Member]
Dec. 31, 2010
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
Merrillville Plaza [Member]
Dec. 31, 2011
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
216th Street [Member]
Dec. 31, 2010
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
216th Street [Member]
Dec. 31, 2011
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
Atlantic Avenue [Member]
Dec. 31, 2010
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
Atlantic Avenue [Member]
Dec. 31, 2011
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
A&P Shopping Plaza [Member]
Dec. 31, 2010
Fixed Interest Rate [Member]
Mortgage Notes Payable - Fixed Rate [Member]
A&P Shopping Plaza [Member]
Dec. 31, 2011
Option 1 [Member]
Canarsie Plaza [Member]
Dec. 31, 2011
Option 1 [Member]
Fordham Place [Member]
Dec. 31, 2011
Option 1 [Member]
Self Storage Investments [Member]
Dec. 31, 2011
Option 2 [Member]
Canarsie Plaza [Member]
Aug. 31, 2011
Option 2 [Member]
Canarsie Plaza [Member]
Dec. 31, 2011
Option 2 [Member]
Fordham Place [Member]
Dec. 31, 2011
Option 2 [Member]
Self Storage Investments [Member]
Aug. 31, 2011
Option 2 [Member]
Self Storage Investments [Member]
Debt Instrument [Line Items]                                                                                                                                                                                                                                      
Mortgages payable   $ 787,910,000 $ 806,212,000                                         $ 488,581,000 $ 439,836,000 $ 368,529,000 $ 298,921,000 $ 58,000,000   $ 56,476,000 $ 40,243,000 $ 9,900,000 $ 9,395,000 $ 10,000,000 $ 84,277,000 $ 85,300,000 $ 85,910,000 $ 8,260,000 $ 8,260,000 $ 8,427,000 $ 28,900,000 $ 28,900,000 $ 20,650,000 $ 20,650,000 $ 42,000,000   $ 0   $ 34,000,000 $ 31,554,000 $ 13,700,000 $ 12,761,000 $ 13,932,000 $ 12,500,000   $ 0 $ 50,000,000 $ 50,000,000 $ 9,310,000 $ 9,400,000 $ 9,305,000 $ 177,079,000 $ 212,450,000 $ (57,027,000) [1] $ (71,535,000) [1] $ 136,079,000 [2] $ 171,450,000 [2] $ 1,000,000   $ 1,000,000 $ 40,000,000 $ 40,000,000 $ 299,296,000 $ 366,308,000 $ 57,027,000 [1] $ 71,535,000 [1] $ 20,000,000 $ 20,000,000 $ 0 $ 41,500,000   $ 0 $ 9,338,000 $ 4,491,000 $ 4,625,000 $ 13,882,000 $ 14,119,000 $ 17,287,000 $ 17,539,000 $ 11,941,000 $ 12,132,000 $ 33,738,000 $ 34,197,000 $ 20,308,000 $ 20,500,000 $ 23,458,000 $ 23,500,000 $ 26,000,000 $ 26,000,000 $ 26,250,000 $ 26,250,000 $ 25,500,000 $ 25,500,000 $ 11,540,000 $ 11,540,000 $ 7,874,000 $ 8,033,000                
Number of Properties Collateralized   29                               1                                                       6                                             6                                                                                            
Interest rate, minimum   1.55%                                                                                                                                                                                                                                  
Interest rate, maximum   7.34%                                                                                                                                                                                                                                  
Subordinated Debt         7,000,000                                                                                                                                                                                                                            
Additional borrowings                                                       4,000,000 3,000,000 16,200,000                                   2,400,000                                                                                                                                      
Extinguishment of debt                                                                                                                                                                 9,300,000                                                                    
Total amount of credit facility   254,784,000                                       150,286,000 40,000,000                                                                                           64,500,000                                                                                            
Unamortized premium   33,000 68,000                                                                                                                                                                                                                                
Interest rate at December 31, 2011                                                                                                                                                     5.41% [1]   7.25%             6.35%   5.64%   4.98%   5.12%   5.53%   5.44%   6.06%   5.42%   5.88%   5.80%   7.34%   6.40%                  
Repayments of debt 41,500,000                                                             500,000                                     900,000                                                           7,600,000                                                                    
Gain on debt extinguishment   1,268,000 0 7,057,000                                                                                                                                                         1,700,000                                                                    
Number of loan extensions                                                                                                     1       2                                                                                                                        
Line of credit facility, additional borrowings                                                                                                                                   71,600,000                                                                                                  
Line of credit facility, repayments   $ 35,371,000                                       $ 35,371,000 $ 0                                                                                     $ 107,000,000                                                                                                  
Basis Spread           3.25%   1.65% 5.50% 2.50% 2.75%   2.25%   2.35% 1.90% 1.40%   2.55% 1.55% 3.20%                                                                                                                                                                             4.00% 3.50% 4.15%          
Interest Rate           3.55%   1.95% 5.80% 2.80% 3.05%   2.55%   2.65% 2.20% 1.70%   2.25% 1.25% 2.90%                                                                                                                                                                             4.30%   4.45% 6.50%   5.00% 4.65%  
LIBOR floor             1.50%                                                                                                                                                                                                                 2.50%     0.50%
Length of loan extension                       3 years   1 year                                                                                                                                                                                                          
LIBOR           LIBOR   LIBOR LIBOR LIBOR LIBOR   LIBOR   LIBOR LIBOR LIBOR   LIBOR LIBOR LIBOR                                                                                                                                                                             LIBOR LIBOR LIBOR          
[1] Represents the amount of the Company’s variable-rate debt that has been fixed through certain cash flow hedge transactions. (Note 10).
[2] The Fund III revolving subscription line of credit is secured by unfunded investor capital commitments.