Note 4 - Investment and Advances in Real Estate Joint Ventures (Details) (USD $) | 3 Months Ended | 9 Months Ended | | 9 Months Ended | | 9 Months Ended | | 3 Months Ended | 9 Months Ended | | | 3 Months Ended | 9 Months Ended | | 3 Months Ended | 9 Months Ended | | 3 Months Ended | 9 Months Ended | | 9 Months Ended | 3 Months Ended | 9 Months Ended | | 3 Months Ended | 9 Months Ended | | 3 Months Ended | 9 Months Ended | | | 1 Months Ended | 3 Months Ended | 9 Months Ended | |
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Oct. 31, 2014 | Oct. 31, 2014 | Oct. 31, 2014 | Oct. 31, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 |
Sold [Member] | Sold [Member] | Sold [Member] | Sold [Member] | Sold [Member] | Sold [Member] | Sold [Member] | Sold [Member] | Sold [Member] | Sold [Member] | Sold [Member] | Sold [Member] | Sold [Member] | Acquired [Member] | Acquired [Member] | Acquired [Member] | Acquired [Member] | In Advanced Negotiations to Sell [Member] | In Advanced Negotiations to Sell [Member] | In Advanced Negotiations to Sell [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Assets Held-for-sale [Member] | Assets Held-for-sale [Member] | Assets Held-for-sale [Member] | KimPru and KimPru II [Member] | KimPru and KimPru II [Member] | KimPru and KimPru II [Member] | KimPru and KimPru II [Member] | KimPru and KimPru II [Member] | KimPru [Member] | KIR [Member] | KIR [Member] | KIR [Member] | KIR [Member] | KIR [Member] | Other Institutional Programs [Member] | Other Institutional Programs [Member] | Other Institutional Programs [Member] | Other Institutional Programs [Member] | Other Institutional Programs [Member] | Latin America Portfolio [Member] | Latin America Portfolio [Member] | Latin America Portfolio [Member] | Latin America Portfolio [Member] | Latin America Portfolio [Member] | Other Joint Venture Programs [Member] | Other Joint Venture Programs [Member] | Other Joint Venture Programs [Member] | Other Joint Venture Programs [Member] | Other Joint Venture Programs [Member] | Other Joint Venture Programs [Member] | Kimco Income Fund [Member] | Kimco Income Fund [Member] | Kimco Income Fund [Member] | Kimco Income Fund [Member] | Kimco Income Fund [Member] | Kimstone [Member] | Kimstone [Member] | Kimstone [Member] | Kimstone [Member] | Kimstone [Member] | Kimstone [Member] | Intown [Member] | BIG Shopping Centers [Member] | BIG Shopping Centers [Member] | BIG Shopping Centers [Member] | BIG Shopping Centers [Member] | BIG Shopping Centers [Member] |
Joint Venture 1 [Member] | Joint Venture 2 [Member] | KIR [Member] | KIR [Member] | KIR [Member] | KIR [Member] | KIR [Member] | Other Institutional Programs [Member] | Other Institutional Programs [Member] | Latin America Portfolio [Member] | Latin America Portfolio [Member] | Other Joint Venture Programs [Member] | Other Joint Venture Programs [Member] | KimPru and KimPru II [Member] | KimPru and KimPru II [Member] | Other Institutional Programs [Member] | SEB Immobilien [Member] | Other Joint Venture Programs [Member] | Other Joint Venture Programs [Member] | Other Joint Venture Programs [Member] | Properties Divided [Member] | BIG Shopping Centers [Member] | BIG Shopping Centers [Member] | BIG Shopping Centers [Member] | KIR [Member] | KIR [Member] | Operating Properties [Member] | | | | | | | | | | | | | | | | | | | | | | Operating Properties [Member] | | | | | | | | | | | | | | | | | | | | | | |
Latin America Portfolio [Member] | Latin America Portfolio [Member] | Operating Properties [Member] | Operating Properties [Member] | Operating Properties [Member] | Parent Company [Member] | | Operating Properties [Member] | Operating Properties [Member] | Operating Properties [Member] | Operating Properties [Member] | Operating Properties [Member] | Operating Properties [Member] | Operating Properties [Member] | Operating Properties [Member] | | Operating Properties [Member] | Operating Properties [Member] | Parent Company [Member] | | BIG Shopping Centers [Member] | Operating Properties [Member] | Operating Properties [Member] | Operating Properties [Member] | Parent Company [Member] | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Operating Properties [Member] | Operating Properties [Member] | Parent Company [Member] | | | | | Parent Company [Member] | | MEXICO | CHILE | Parent Company [Member] | | Parent Company [Member] | | | | MEXICO | | | Operating Properties [Member] | Parent Company [Member] | BIG [Member] | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
MEXICO | MEXICO | | | | | | | | Parent Company [Member] | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Note 4 - Investment and Advances in Real Estate Joint Ventures (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | ' | ' | | ' | | ' | | ' | | ' | |
Number of Joint Ventures | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4 | | ' | 4 | | ' | ' | | 3 | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | ' | ' | | ' | | ' | | ' | | ' | |
Number of Accounts | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4 | | ' | 4 | | ' | ' | | ' | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | ' | ' | | ' | | ' | | ' | | ' | |
Number of Real Estate Properties | ' | ' | ' | ' | 10 | 84 | ' | ' | 2 | ' | ' | ' | 2 | 10 | 9 | ' | 14 | ' | 1 | 3 | 10 | 6 | ' | ' | 15 | 7 | 8 | 21 | ' | 2 | 150 | 60 | [1],[2],[3] | ' | 60 | [1],[2],[3] | ' | 60 | [1],[2],[3] | ' | 55 | [3],[4] | ' | | 55 | [3],[4] | ' | | 57 | [3],[4] | 51 | [3],[5],[6] | ' | | 51 | [3],[5],[6] | ' | | 56 | [3],[5],[6] | 17 | [7] | ' | | 17 | [7] | ' | | 28 | [7] | ' | 61 | [8] | ' | | 61 | [8] | ' | | 75 | [8] | ' | [3],[9] | ' | | ' | [3],[9] | ' | | 12 | [3],[9] | 39 | [3] | ' | | 39 | [3] | ' | | 39 | [3] | ' | ' | 21 | [10],[11],[3] | ' | | 21 | [10],[11],[3] | ' | | 21 | [10],[11],[3] |
Sales of Real Estate | ' | ' | ' | ' | $315,500,000 | $603,500,000 | ' | $30,000,000 | ' | ' | $17,700,000 | ' | $46,600,000 | $202,100,000 | $17,600,000 | ' | $158,500,000 | ' | ' | ' | ' | ' | ' | $7,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | $735,000,000 | ' | | ' | | ' | | ' | | ' | |
Gains (Losses) on Sales of Investment Real Estate | ' | ' | ' | ' | 21,800,000 | ' | 3,000,000 | 6,100,000 | ' | 1,100,000 | ' | 2,200,000 | 11,100,000 | 30,000,000 | 4,000,000 | 26,200,000 | 51,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | ' | ' | | ' | | ' | | ' | | ' | |
Payments to Acquire Real Estate | ' | ' | 382,128,000 | 182,423,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,600,000 | 10,500,000 | 93,200,000 | 275,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | ' | ' | | ' | | ' | | ' | | ' | |
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain | 14,431,000 | ' | 83,773,000 | 21,711,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,700,000 | 14,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | ' | | ' | | ' | | ' | | ' | | ' | | ' | | 65,600,000 | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | ' | ' | | ' | | ' | | ' | | ' | |
Payments to Acquire Equity Method Investments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | ' | | ' | | ' | | ' | | ' | | ' | | ' | | 408,000,000 | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | ' | ' | | ' | | ' | | ' | | ' | |
Equity Method Investment, Ownership Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 85.00% | ' | ' | ' | ' | 99.00% | 99.00% | ' | ' | ' | ' | 15.00% | [1],[2],[3] | ' | 15.00% | [1],[2],[3] | ' | 15.00% | [1],[2],[3] | ' | 48.60% | [3],[4] | ' | | 48.60% | [3],[4] | ' | | 48.60% | [3],[4] | ' | [3],[5],[6] | ' | | ' | [3],[5],[6] | ' | | ' | [3],[5],[6] | ' | [7] | ' | | ' | [7] | ' | | ' | [7] | ' | ' | [8] | ' | | ' | [8] | ' | | ' | [8] | ' | [3],[9] | ' | | ' | [3],[9] | ' | | 39.50% | [3],[9] | 33.30% | [3] | ' | | 33.30% | [3] | ' | | 33.30% | [3] | 33.30% | ' | 37.90% | [10],[11],[3] | ' | | 37.90% | [10],[11],[3] | ' | | 37.90% | [10],[11],[3] |
Impairment of Real Estate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12,900,000 | 1,000,000 | 2,000,000 | ' | ' | ' | ' | 2,800,000 | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | | 5,000,000 | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | ' | ' | | ' | | ' | | ' | | ' | |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 193,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | ' | ' | | ' | | ' | | ' | | ' | |
Income (Loss) from Equity Method Investments | ' | ' | 150,073,000 | 179,791,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,600,000 | | 2,400,000 | 7,700,000 | | 6,600,000 | ' | | ' | 6,500,000 | [12],[13],[4] | 9,000,000 | [12],[13],[4] | 19,400,000 | [12],[13],[4] | 23,500,000 | [12],[13],[4] | ' | | 2,400,000 | [6] | 400,000 | [6] | 2,400,000 | [6] | 2,800,000 | [6] | ' | | 800,000 | [14],[15],[16],[17],[7] | 69,300,000 | [14],[15],[16],[17],[7] | 35,300,000 | [14],[15],[16],[17],[7] | 101,400,000 | [14],[15],[16],[17],[7] | ' | | 15,400,000 | 27,200,000 | [18],[19],[20],[8] | 2,400,000 | [18],[19],[20],[8] | 52,300,000 | [18],[19],[20],[8] | 13,700,000 | [18],[19],[20],[8] | ' | | ' | [9] | 900,000 | [9] | 900,000 | [9] | 2,500,000 | [9] | ' | | 1,300,000 | [21] | 1,800,000 | [21] | 600,000 | [21] | 1,700,000 | [21] | ' | | ' | ' | 1,000,000 | [10] | 900,000 | [10] | 2,600,000 | [10] | 2,300,000 | [10] | ' | |
Transfer Mortgage Payable | ' | ' | ' | ' | ' | 301,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | 609,200,000 | ' | | ' | | ' | | ' | | ' | |
Gain (Loss) on Sale of Properties, before Applicable Income Taxes | ' | ' | ' | ' | ' | 78,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | ' | ' | | ' | | ' | | ' | | ' | |
Income Tax Expense (Benefit) | 5,366,000 | 23,763,000 | 14,651,000 | 26,584,000 | ' | 25,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | ' | ' | | ' | | ' | | ' | | ' | |
Deferred Gain on Sale of Property | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | | ' | $21,700,000 | ' | | ' | | ' | | ' | | ' | |
|
[1] | During the nine months ended September 30, 2014, KimPru acquired an additional parcel within one of its existing operating properties in Elk Grove, CA for a purchase price of $10.5 million. The Company's capital contribution for this acquisition was $1.6 million. |
[2] | This venture represents four separate joint ventures, with four separate accounts managed by Prudential Real Estate Investors ("PREI"), three of these ventures are collectively referred to as KimPru and the remaining venture is referred to as KimPru II. |
[3] | The Company manages these joint venture investments and, where applicable, earns acquisition fees, leasing commissions, property management fees, asset management fees and construction management fees. |
[4] | During the nine months ended September 30, 2014, KIR sold two operating properties for a sales price of $17.7 million. In connection with the two dispositions, the Company recognized its share of an aggregate net gain of $1.1 million. |
[5] | During the nine months ended September 30, 2014, the Company acquired three properties from a joint venture in which the Company has a noncontrolling interest for a total sales price of $93.2 million. The Company evaluated this transaction pursuant to the FASB's Consolidation guidance. As such, the Company recognized a gain of $3.7 million from the fair value adjustment associated with the Company's original ownership due to a change in control and now consolidates these operating properties. |
[6] | During the nine months ended September 30, 2014, two joint ventures in which the Company holds a noncontrolling interest sold two operating properties for an aggregate sales price of $46.6 million and recognized an aggregate gain of $11.1 million. The Company's share of this gain was $2.2 million. |
[7] | During the nine months ended September 30, 2014, the Company sold its noncontrolling interest in 10 operating properties located throughout Mexico based on a gross aggregate sales price of $202.1 million. The Company recognized a net gain of $30.0 million, before income taxes, associated with these transactions. |
[8] | During the nine months ended September 30, 2014, a joint venture in which the Company holds a noncontrolling interest sold 14 operating properties for an aggregate sales price of $158.5 million and recognized an aggregate gain of $51.9 million. The Company's share of this gain was $26.2 million. |
[9] | During the nine months ended September 30, 2014, the Company purchased the remaining interest in KIF based on a gross purchase price of $408.0 million. The Company evaluated this transaction pursuant to the FASB's Consolidation guidance. As such, the Company recognized a gain of $65.6 million from the fair value adjustment associated with the Company's original ownership due to a change in control and now consolidates these operating properties. |
[10] | During October 2014, the Company and their joint venture partner BIG divided 15 of the 21 properties in the BIG Shopping Centers venture with the Company receiving a 99% ownership interest in seven operating properties and BIG receiving a 99% ownership interest in eight operating properties. As a result of this transaction, the Company will consolidate these seven properties. Subsequent to this transaction the BIG Shopping Centers venture holds six operating properties. |
[11] | Ownership % is a blended rate |
[12] | During the nine months ended September 30, 2014, KIR recognized aggregate impairment charges of $5.0 million related to two properties which KIR anticipates selling within the next 18 months. KIR effectively shortened its anticipated hold period for these assets which resulted in the expected future cash flows being less than the carrying value. The Company's share of these impairment charges was $2.8 million. |
[13] | During the nine months ended September 30, 2013, KIR sold an operating property in Cincinnati, OH for a sales price of $30.0 million and recognized a gain of $6.1 million. The Company's share of this gain was $3.0 million. |
[14] | During the nine months ended September 30, 2013, joint ventures in which the Company held noncontrolling interests sold ten operating properties located throughout Mexico for $315.5 million. These transactions resulted in an aggregate net gain to the Company of $21.8 million, after tax. |
[15] | During the nine months ended September 30, 2013, the Company and its joint venture partner sold their noncontrolling ownership interest in a joint venture which held interests in 84 operating properties located throughout Mexico for $603.5 million (including debt of $301.2 million). This transaction resulted in a net gain to the Company of $78.2 million, before income taxes of $25.1 million. |
[16] | During the nine months ended September 30, 2013, a joint venture in which the Company held a noncontrolling interest sold nine operating properties located throughout Chile for net proceeds of $17.6 million. This transaction resulted in a net gain to the Company of $4.0 million. |
[17] | During the nine months ended September 30, 2013, the Company recorded impairment charges of $12.9 million on six properties that were in advanced negotiations to sell located throughout Mexico based upon the anticipated selling prices. |
[18] | During the nine months ended September 30, 2014, the Company received a distribution of $15.4 million from a joint venture that was in excess of its carrying value and as such, the Company recognized this amount as equity in income. |
[19] | During the nine months ended September 30, 2013, a joint venture in which the Company has a noncontrolling interest sold on operating property for a sales price of $7.6 million and recognized an impairment charge of $2.0 million. The Company's share of this impairment charge was $1.0 million. |
[20] | During June 2013, the InTown portfolio was sold for a sales price of $735.0 million which included the assignment of $609.2 million in debt. This transaction resulted in a deferred gain to the Company of $21.7 million. |
[21] | During June 2013, Blackstone Real Estate Partners VII and the Company entered into a new joint venture (Kimstone) in which the Company owns a 33.3% noncontrolling interest. |