XML 31 R52.htm IDEA: XBRL DOCUMENT v2.4.0.6
Property Acquisitions (Details) (USD $)
1 Months Ended 1 Months Ended 1 Months Ended
Mar. 31, 2013
sqft
property
Dec. 31, 2012
Mar. 31, 2013
248-252 Bedford Avenue
property
unit
Mar. 31, 2013
248-252 Bedford Avenue
Mortgage loan
Sep. 30, 2012
635 and 641 Sixth Avenue
sqft
Jun. 30, 2012
304 Park Avenue
sqft
Oct. 31, 2011
Stonehenge Properties
Dec. 31, 2012
131-137 Spring Street
sqft
Dec. 31, 2012
985-987 Third Avenue
sqft
Oct. 31, 2012
1080 Amsterdam Avenue
sqft
property
Jan. 31, 2012
Manhattan
Jan. 31, 2012
Manhattan
Series G Preferred Units
Jan. 31, 2012
Retail properties
property
Jan. 31, 2012
Multifamily properties
property
sqft
Property Acquisitions                            
Number of properties acquired     84                   5 2
Number of apartment units acquired     72                      
Number of townhouses acquired     12                      
Extinguishment of debt       $ 22,000,000                    
Interest rate added to base rate (as a percent)       2.25%                    
Interest rate, description       LIBOR                    
Area of property (in square foot) 29,721,879       267,000 215,000   68,000 42,000 82,250       488,000
Term of lease                   99 years        
Number of Properties 67                 96        
Consideration in cash           102,000,000                
Value of preferred operating partnership units issued           33,000,000           47,600,000    
Stated interest rate of preferred partnership units issued (as a percent)                       4.50%    
Number of units                           385
Fixed rate debt 4,349,406,000 3,457,769,000                     8,500,000 100,000,000
Term       5 years                 5 years 12 years
Interest rate, fixed rate debt (as a percent)                         3.75% 4.125%
Ownership interest in consolidated joint venture (as a percent)     90.00%       80.00%              
Allocation of the purchase price of the assets acquired and liabilities assumed                            
Land         69,848,000 54,189,000         65,533,000      
Building and building leasehold         104,474,000 75,619,000         128,457,000      
Above market lease value           2,824,000         594,000      
Acquired in-place leases         7,727,000 8,265,000         9,573,000      
Other assets, net of other liabilities                     2,190,000      
Assets acquired         182,049,000 140,897,000         206,347,000      
Below market lease value         9,049,000 5,897,000         13,239,000      
Liabilities assumed         9,049,000 5,897,000         13,239,000      
Purchase price allocation         173,000,000 135,000,000   122,300,000 18,000,000   193,108,000      
Net consideration funded by us at closing     $ 54,900,000   $ 173,000,000 $ 135,000,000         $ 78,121,000