Rendering
| Component: (Network and Table) |
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| Network | 063 - Disclosure - Note 3 - Property Acquisitions, Developments and Other Investments (Details) - Acquisition of Operating Properties (http://www.kimcorealty.com/role/AcquisitionofOperatingPropertiesTable) |
| Table | Schedule of Significant Acquisitions and Disposals [Table] |
Slicers (applies to each fact value in each table cell)
| Reporting Entity [Axis] | 0000879101 (http://www.sec.gov/CIK) |
| Significant Acquisitions and Disposals [Line Items] | Period [Axis] |
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2013-01-01 - 2013-12-31 | 2012-01-01 - 2012-12-31 |
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| Business Acquisition [Axis] | Business Acquisition [Axis] |
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| Santee Trolley Square [Member] | Shops At Kildeer [Member] | Village Commons SC [Member] | Putty Hill Plaza [Member] | Columbia Crossing IISC [Member] | Roseville Plaza [Member] | Wilton River Park Shopping Ctr [Member] | Canyon Square Plaza [Member] | JTS Properties [Member] | Factoria Mall [Member] | Outparcel [Member] | Highlands Ranch [Member] | Elmsford [Member] | Northridge Shopping Center [Member] | Five Forks Crossing [Member] | Greenwood [Member] | Clark Portfolio [Member] | Winn Dixie Portfolio 6 Properties [Member] | Tomball SC [Member] | Atascocita SC [Member] | Lawrenceville Market [Member] | Business Acquisition, Acquiree [Domain] | Business Acquisition, Acquiree [Domain] |
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Purchase Price - Cash | 26,863,000 1 | 2 | 7,100,000 | 4,592,000 3 | 21,800,000 | 5,143,000 | 777,000 4 | 1,950,000 5 | 6 | 37,283,000 7 | 13,053,000 | 14,600,000 | 23,000,000 | 8,239,000 | 9,825,000 | 4,067,000 | 35,553,000 | 43,506,000 | 35,327,000 | 38,250,000 | 36,824,000 | 367,752,000 | 455,280,000 |
Purchase Price - Debt Assumed | 48,456,000 1 | 32,724,000 2 | | 9,115,000 3 | | | 36,000,000 4 | 13,800,000 5 | 43,267,000 6 | 56,000,000 7 | | | | 11,511,000 | | | | | | 28,250,000 | | 279,123,000 | 179,198,000 |
Purchase Price- Other | 22,681,000 1 | 2 | | 489,000 3 | | | 5,223,000 4 | 5 | 11,733,000 6 | 37,467,000 7 | | | | | | | | | | | | 77,593,000 | |
Purchase Price - Total | 98,000,000 1 | 32,724,000 2 | 7,100,000 | 14,196,000 3 | 21,800,000 | 5,143,000 | 42,000,000 4 | 15,750,000 5 | 55,000,000 6 | 130,750,000 7 | 13,053,000 | 14,600,000 | 23,000,000 | 19,750,000 | 9,825,000 | 4,067,000 | 35,553,000 | 43,506,000 | 35,327,000 | 66,500,000 | 36,824,000 | 724,468,000 | 634,478,000 |
GLA | 311 1,8 | 168 2,8 | 125 8 | 91 3,8 | 101 8 | 80 8 | 187 4,8 | 97 5,8 | 520 6,8 | 510 7,8 | 97 8 | 44 8 | 143 8 | 146 8 | 74 8 | 30 8 | 189 8 | 392 8 | 149 8 | 317 8 | 286 8 | 4,057 8 | 3,086 8 |
1: This property was acquired from a joint venture in which the Company had a 45% noncontrolling interest. The Company evaluated this transaction pursuant to the FASB's Consolidation guidance and as such recognized a gain of $22.7 million, before income tax, from the fair value adjustment associated with the Company's original ownership due to a change in control, which is reflected in the purchase price above in Other.
2: This property was acquired from a joint venture in which the Company had a 19% noncontrolling interest. The Company evaluated this transaction pursuant to the FASB's Consolidation guidance. This transaction resulted in a change in control with no gain or loss recognized.
3: The Company acquired the remaining 80% interest in an operating property from an unconsolidated joint venture in which the Company had a 20% noncontrolling interest. The Company evaluated this transaction pursuant to the FASB's Consolidation guidance and as such recognized a gain of $0.5 million from the fair value adjustment associated with the Company's original ownership due to a change in control, which is reflected in the purchase price above in Other.
4: The acquisition of this property included the issuance of $5.2 million of redeemable units, which are redeemable at the option of the holder after one year and earn a yield of 6% per annum, which is included in the purchase price above in Other. In connection with this transaction, the Company provided the sellers a $5.2 million loan at a rate of 6.5%, which is secured by the redeemable units.
5: This property was acquired from a joint venture in which the Company has a 15% noncontrolling interest. The Company evaluated this transaction pursuant to the FASB's Consolidation guidance. This transaction resulted in a change in control with no gain or loss recognized.
6: The Company acquired the remaining interest in a portfolio of office properties from a preferred equity investment in which the Company held a noncontrolling interest. The Company evaluated this transaction pursuant to the FASB's Consolidation guidance and as such recognized a change in control loss of $9.6 million from the fair value adjustment associated with the Company's original ownership, which is reflected in the purchase price above in Other. The debt assumed in connection with this transaction of $43.3 million was repaid in April 2013 and the properties within the portfolio were later sold during October and November 2013
7: The Company acquired an additional 49% interest in this operating property from an unconsolidated joint venture in which the Company had a 50% noncontrolling interest. As such the Company now consolidates this investment. The Company evaluated this transaction pursuant to the FASB's Consolidation guidance and as a result, recognized a gain of $8.2 million from the fair value adjustment associated with the Company's original ownership due to a change in control, which is reflected in the purchase price above in Other.
8: Gross leasable area ("GLA")