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Investments In Unconsolidated Joint Ventures (Summary Of Unconsolidated Joint Ventures) (Details)
$ in Thousands
3 Months Ended
Apr. 01, 2016
USD ($)
Jan. 07, 2016
item
Jul. 30, 2013
USD ($)
Mar. 31, 2016
USD ($)
ft²
room
$ / item
property
item
Mar. 31, 2015
USD ($)
Dec. 31, 2015
USD ($)
Schedule of Equity Method Investments [Line Items]            
Carrying Amount       $ 303,647   $ 303,457
Property Debt, Balance       1,823,311    
Number of extension options | item   2        
Loan extension period   1 year        
Outstanding borrowings under the facility       90,000   155,000
Accounts payable, accrued expenses and other liabilities       137,030   135,057
Collection of notes receivable       125    
Purchase price of property       $ 34,603 $ 19,658  
Minimum [Member]            
Schedule of Equity Method Investments [Line Items]            
Company's Effective Ownership %       7.50%    
Maximum [Member]            
Schedule of Equity Method Investments [Line Items]            
Company's Effective Ownership %       85.00%    
Multi-Family Properties [Member]            
Schedule of Equity Method Investments [Line Items]            
Number of Apartment Units | item       5,644    
Marbella RoseGarden, L.L.C. [Member]            
Schedule of Equity Method Investments [Line Items]            
Number of Apartment Units | item [1]       412    
Company's Effective Ownership % [1],[2]       24.27%    
Carrying Amount [1]       $ 15,486   15,569
Property Debt, Balance [1]       $ 95,000    
Property Debt, Maturity Date [1]       May 01, 2018    
Property Debt, Interest Rate [1]       4.99%    
RoseGarden Monaco Holdings, L.L.C. [Member]            
Schedule of Equity Method Investments [Line Items]            
Number of Apartment Units | item [1]       523    
Company's Effective Ownership % [1],[2]       15.00%    
Carrying Amount [1]       $ 646   937
Property Debt, Balance [1]       $ 165,000    
Property Debt, Maturity Date [1]       Feb. 01, 2021    
Property Debt, Interest Rate [1]       4.19%    
PruRose Port Imperial South 15, L.L.C. [Member]            
Schedule of Equity Method Investments [Line Items]            
Number of Apartment Units | item [1]       236    
Company's Effective Ownership % [1],[2]       50.00%    
Property Debt, Balance [1]       $ 57,500    
Property Debt, Maturity Date [1]       Sep. 01, 2020    
Property Debt, Interest Rate [1]       4.32%    
Rosewood Morristown, L.L.C. [Member]            
Schedule of Equity Method Investments [Line Items]            
Number of Apartment Units | item [3],[4]       130    
Company's Effective Ownership % [2],[3],[4]       12.50%    
Carrying Amount [3],[4]       $ 5,741   5,723
Property Debt, Balance [3],[4],[5]       $ 45,756    
Property Debt, Interest Rate [3],[4]          
Note payable           975
PruRose Riverwalk G, L.L.C. [Member]            
Schedule of Equity Method Investments [Line Items]            
Number of Apartment Units | item [1],[6]       316    
Company's Effective Ownership % [1],[2],[6]       25.00%    
Property Debt, Balance [1],[6]       $ 79,392    
Property Debt, Maturity Date [1],[6]       Jul. 15, 2021    
Property Debt, Interest Rate [1],[6],[7]       6.00%    
PruRose Riverwalk G, L.L.C. [Member] | Permanent Loan [Member]            
Schedule of Equity Method Investments [Line Items]            
Maximum borrowing capacity       $ 80,249    
Elmajo Urban Renewal Associates, LLC [Member]            
Schedule of Equity Method Investments [Line Items]            
Number of Apartment Units | item [1]       355    
Company's Effective Ownership % [1],[2]       7.50%    
Property Debt, Balance [1]       $ 128,100    
Property Debt, Maturity Date [1]       Mar. 01, 2030    
Property Debt, Interest Rate [1]       4.00%    
Crystal House Apartments Investors LLC [Member]            
Schedule of Equity Method Investments [Line Items]            
Number of Apartment Units | item [8]       798    
Company's Effective Ownership % [2],[8]       25.00%    
Carrying Amount [8]       $ 28,855   28,114
Property Debt, Balance [8]       $ 165,000    
Property Debt, Maturity Date [8]       Apr. 01, 2020    
Property Debt, Interest Rate [8]       3.17%    
Percentage of interest in developable land       50.00%    
Number of units available for development | $ / item       295    
Number of approved units available for development | item       252    
Portside Master Company, L.L.C. [Member]            
Schedule of Equity Method Investments [Line Items]            
Number of Apartment Units | item [1],[6]       175    
Company's Effective Ownership % [1],[2],[6]       38.25%    
Property Debt, Balance [1],[6]       $ 42,500    
Property Debt, Maturity Date [1],[6]       Dec. 04, 2017    
Property Debt, Interest Rate, LIBOR [1],[6],[9]       L+2.50    
Property Debt, Interest Rate, Spread Over LIBOR [9]       2.50%    
Portside Master Company, L.L.C. [Member] | Construction Loan [Member]            
Schedule of Equity Method Investments [Line Items]            
Number of extension options | item       2    
Maximum borrowing capacity       $ 42,500    
Portside Master Company, L.L.C. [Member] | Construction Loan Extension Number 1 [Member]            
Schedule of Equity Method Investments [Line Items]            
Loan extension period       2 years    
Extension fee       0.125%    
Portside Master Company, L.L.C. [Member] | Construction Loan Extension Number 2 [Member]            
Schedule of Equity Method Investments [Line Items]            
Loan extension period       2 years    
Extension fee       0.25%    
Portside Apartment Holdings, L.L.C. [Member]            
Schedule of Equity Method Investments [Line Items]            
Company's Effective Ownership %       50.00%    
PruRose Port Imperial South 13, L.L.C. [Member]            
Schedule of Equity Method Investments [Line Items]            
Number of Apartment Units | item [1]       280    
Company's Effective Ownership % [1],[2]       20.00%    
Property Debt, Balance [1]       $ 70,731    
Property Debt, Maturity Date [1]       Jun. 27, 2016    
Property Debt, Interest Rate, LIBOR [1],[10]       L+2.15    
Property Debt, Interest Rate, Spread Over LIBOR [11]       2.15%    
PruRose Port Imperial South 13, L.L.C. [Member] | Construction Loan [Member]            
Schedule of Equity Method Investments [Line Items]            
Property Debt, Interest Rate       2.79%    
Maximum borrowing capacity       $ 73,350    
Notional amount     $ 1,620 $ 69,500    
PruRose Port Imperial South 13, L.L.C. [Member] | Construction Loan Extension Number 1 [Member]            
Schedule of Equity Method Investments [Line Items]            
Loan extension period       1 year    
Extension fee       0.25%    
PruRose Port Imperial South 13, L.L.C. [Member] | Construction Loan Extension Number 2 [Member]            
Schedule of Equity Method Investments [Line Items]            
Loan extension period       6 months    
Roseland/Port Imperial Partners, L.P. [Member]            
Schedule of Equity Method Investments [Line Items]            
Number of Apartment Units | item [1],[11]       363    
Company's Effective Ownership % [1],[2],[11]       20.00%    
Carrying Amount [1],[11]       $ 1,678   1,678
RoseGarden Marbella South, L.L.C. [Member]            
Schedule of Equity Method Investments [Line Items]            
Number of Apartment Units | item       311    
Company's Effective Ownership % [2]       24.27%    
Carrying Amount       $ 17,155   16,728
Property Debt, Balance       $ 69,681    
Property Debt, Maturity Date       Mar. 30, 2017    
Property Debt, Interest Rate, LIBOR [12]       L+2.25    
Property Debt, Interest Rate, Spread Over LIBOR [12]       2.25%    
RoseGarden Marbella South, L.L.C. [Member] | Construction Loan [Member]            
Schedule of Equity Method Investments [Line Items]            
Number of extension options | item       2    
Loan extension period       1 year    
Maximum borrowing capacity       $ 77,400    
RoseGarden Marbella South, L.L.C. [Member] | Construction Loan Extension Number 1 [Member]            
Schedule of Equity Method Investments [Line Items]            
Extension fee       0.25%    
Estuary Urban Renewal Unit B, LLC [Member]            
Schedule of Equity Method Investments [Line Items]            
Number of Apartment Units | item [1]       227    
Company's Effective Ownership % [1],[2]       7.50%    
Property Debt, Balance [1]       $ 81,900    
Property Debt, Maturity Date [1]       Mar. 01, 2030    
Property Debt, Interest Rate [1]       4.00%    
Riverpark At Harrison I, L.L.C. [Member]            
Schedule of Equity Method Investments [Line Items]            
Number of Apartment Units | item       141    
Company's Effective Ownership % [2]       45.00%    
Carrying Amount       $ 2,426   2,544
Property Debt, Balance       $ 30,000    
Property Debt, Maturity Date       Aug. 01, 2025    
Property Debt, Interest Rate       3.70%    
Capitol Place Mezz LLC [Member]            
Schedule of Equity Method Investments [Line Items]            
Number of Apartment Units | item       378    
Company's Effective Ownership % [2]       50.00%    
Carrying Amount       $ 45,500   46,267
Property Debt, Balance       $ 100,700    
Property Debt, Maturity Date       Jul. 01, 2033    
Property Debt, Interest Rate [13]       4.82%    
Capitol Place Mezz LLC [Member] | Construction/Permanent Loan [Member]            
Schedule of Equity Method Investments [Line Items]            
Maximum borrowing capacity       $ 100,700    
Harborside Unit A Urban Renewal, LLC [Member]            
Schedule of Equity Method Investments [Line Items]            
Number of Apartment Units | item       763    
Company's Effective Ownership % [2]       85.00%    
Carrying Amount       $ 97,615   96,799
Property Debt, Balance       $ 92,937    
Property Debt, Maturity Date       Aug. 01, 2029    
Property Debt, Interest Rate [14]       5.197%    
Harborside Unit A Urban Renewal, LLC [Member] | Construction/Permanent Loan [Member]            
Schedule of Equity Method Investments [Line Items]            
Maximum borrowing capacity       $ 192,000    
RoseGarden Monaco, L.L.C. [Member]            
Schedule of Equity Method Investments [Line Items]            
Number of Apartment Units | item       250    
Company's Effective Ownership % [2]       41.67%    
Carrying Amount       $ 1,356   1,339
Grand Jersey Waterfront Urban Renewal Associates, L.L.C. [Member]            
Schedule of Equity Method Investments [Line Items]            
Number of Apartment Units | item       850    
Company's Effective Ownership % [2]       50.00%    
Carrying Amount       $ 337   337
Hillsborough 206 Holdings, L.L.C. [Member]            
Schedule of Equity Method Investments [Line Items]            
Square feet | ft²       160,000    
Company's Effective Ownership % [2]       50.00%    
Carrying Amount       $ 1,962   1,962
Plaza VIII & IX Associates, L.L.C. [Member]            
Schedule of Equity Method Investments [Line Items]            
Square feet | ft²       1,225,000    
Company's Effective Ownership % [2]       50.00%    
Carrying Amount       $ 4,132   4,055
Red Bank Corporate Plaza, L.L.C. [Member]            
Schedule of Equity Method Investments [Line Items]            
Square feet | ft²       92,878    
Company's Effective Ownership % [2]       50.00%    
Carrying Amount       $ 4,250   4,140
Property Debt, Balance       $ 14,950    
Property Debt, Maturity Date       May 17, 2016    
Property Debt, Interest Rate       3.99375%    
Property Debt, Interest Rate, LIBOR [15]       L+3.00    
Property Debt, Interest Rate, Spread Over LIBOR [15]       3.00%    
Notional amount       $ 13,650    
12 Vreeland Associates, L.L.C. [Member]            
Schedule of Equity Method Investments [Line Items]            
Square feet | ft²       139,750    
Company's Effective Ownership % [2]       50.00%    
Carrying Amount       $ 5,974   5,890
Property Debt, Balance       $ 12,171    
Property Debt, Maturity Date       Jul. 01, 2023    
Property Debt, Interest Rate       2.87%    
BNES Associates III [Member]            
Schedule of Equity Method Investments [Line Items]            
Square feet | ft²       106,345    
Company's Effective Ownership % [2]       31.25%    
Carrying Amount       $ 2,101   2,295
Property Debt, Balance       $ 5,973    
Property Debt, Maturity Date       Nov. 01, 2023    
Property Debt, Interest Rate       4.76%    
KPG-P 100 IMW JV, LLC [Member]            
Schedule of Equity Method Investments [Line Items]            
Square feet | ft²       339,615    
Company's Effective Ownership % [2]       33.33%    
Property Debt, Balance       $ 61,500    
Property Debt, Maturity Date       Sep. 09, 2016    
Property Debt, Interest Rate, LIBOR [16]       L+7.00    
Property Debt, Interest Rate, Spread Over LIBOR [16]       7.00%    
Number of extension options | item       2    
Loan extension period       1 year    
Keystone-Penn [Member]            
Schedule of Equity Method Investments [Line Items]            
Square feet | ft²       1,842,820    
Company's Effective Ownership % [2],[17]          
Property Debt, Balance [18]       $ 228,600    
Property Debt, Interest Rate          
Keystone-Penn [Member] | Principal Balance Due August 27, 2023 [Member]            
Schedule of Equity Method Investments [Line Items]            
Property Debt, Balance       $ 127,600    
Property Debt, Maturity Date       Aug. 27, 2023    
Property Debt, Interest Rate       5.114%    
Keystone-Penn [Member] | Principal Balance Due September 6, 2025 [Member]            
Schedule of Equity Method Investments [Line Items]            
Property Debt, Balance       $ 45,500    
Property Debt, Maturity Date       Sep. 06, 2025    
Property Debt, Interest Rate       5.01%    
Keystone-Penn [Member] | Principal Balance Due August 27, 2016 [Member]            
Schedule of Equity Method Investments [Line Items]            
Property Debt, Balance       $ 33,825    
Property Debt, Maturity Date       Aug. 27, 2016    
Keystone-Penn [Member] | Principal Balance Due August 27, 2016 [Member] | Minimum [Member]            
Schedule of Equity Method Investments [Line Items]            
Property Debt, Interest Rate, LIBOR       LIBOR+5.0    
Property Debt, Interest Rate, Spread Over LIBOR       5.00%    
Keystone-Penn [Member] | Principal Balance Due August 27, 2016 [Member] | Maximum [Member]            
Schedule of Equity Method Investments [Line Items]            
Property Debt, Interest Rate, LIBOR       LIBOR+5.75    
Property Debt, Interest Rate, Spread Over LIBOR       5.75%    
Keystone-Penn [Member] | Principal Balance Due January 9, 2019 [Member]            
Schedule of Equity Method Investments [Line Items]            
Property Debt, Balance       $ 11,250    
Property Debt, Maturity Date       Jan. 09, 2019    
Property Debt, Interest Rate, LIBOR       LIBOR+5.5    
Property Debt, Interest Rate, Spread Over LIBOR       5.50%    
Keystone-Penn [Member] | Principal Balance Due August 31, 2016 [Member]            
Schedule of Equity Method Investments [Line Items]            
Property Debt, Balance       $ 10,425    
Property Debt, Maturity Date       Aug. 31, 2016    
Property Debt, Interest Rate, LIBOR       LIBOR+6.0    
Property Debt, Interest Rate, Spread Over LIBOR       6.00%    
Keystone-TriState [Member]            
Schedule of Equity Method Investments [Line Items]            
Square feet | ft²       1,266,384    
Company's Effective Ownership % [2],[19]          
Carrying Amount       $ 3,480   3,958
Property Debt, Balance [20]       $ 212,536    
Property Debt, Interest Rate          
Sale price of property, capital balance in properties in which senior pari passu interest is held       $ 3,500    
Number of properties with senior pari passu interest | property       5    
Keystone-TriState [Member] | Principal Balance Due July 1, 2017 [Member]            
Schedule of Equity Method Investments [Line Items]            
Property Debt, Balance       $ 43,954    
Property Debt, Maturity Date       Jul. 01, 2017    
Property Debt, Interest Rate       5.38%    
Keystone-TriState [Member] | Principal Balance Due September 9th, 2017 [Member]            
Schedule of Equity Method Investments [Line Items]            
Property Debt, Balance       $ 75,882    
Property Debt, Maturity Date       Sep. 09, 2017    
Bears interest at fixed rate range, minimum       5.65%    
Bears interest at fixed rate range, maximum       6.75%    
Keystone-TriState [Member] | Principal Balance Due July 6, 2024 [Member]            
Schedule of Equity Method Investments [Line Items]            
Property Debt, Balance       $ 14,250    
Property Debt, Maturity Date       Jul. 06, 2024    
Property Debt, Interest Rate       4.88%    
Keystone-TriState [Member] | Principal Balance Due July 6, 2044 [Member]            
Schedule of Equity Method Investments [Line Items]            
Property Debt, Balance       $ 63,400    
Property Debt, Maturity Date       Jul. 06, 2044    
Property Debt, Interest Rate       4.93%    
Keystone-TriState [Member] | Principal Balance Due August 6, 2044 [Member]            
Schedule of Equity Method Investments [Line Items]            
Property Debt, Balance       $ 15,050    
Property Debt, Maturity Date       Aug. 06, 2044    
Property Debt, Interest Rate       4.71%    
Keystone-TriState [Member] | Parent Company [Member]            
Schedule of Equity Method Investments [Line Items]            
Internal rate of return       10.00%    
Keystone-TriState [Member] | Keystone Property Group [Member]            
Schedule of Equity Method Investments [Line Items]            
Internal rate of return       15.00%    
Keystone-Penn And Keystone-TriState [Member] | Parent Company [Member]            
Schedule of Equity Method Investments [Line Items]            
Internal rate of return       15.00%    
Keystone-Penn And Keystone-TriState [Member] | Keystone Property Group [Member]            
Schedule of Equity Method Investments [Line Items]            
Internal rate of return       10.00%    
KPG-MCG Curtis JV, LLC [Member]            
Schedule of Equity Method Investments [Line Items]            
Square feet | ft² [21],[22]       885,000    
Company's Effective Ownership % [2],[21],[22]       50.00%    
Carrying Amount [21],[22]       $ 62,247   59,858
Property Debt, Balance [21],[22]          
Property Debt, Interest Rate [21],[22]          
Roseland/North Retail, L.L.C. [Member]            
Schedule of Equity Method Investments [Line Items]            
Square feet | ft² [1]       30,745    
Company's Effective Ownership % [1],[2]       20.00%    
Carrying Amount [1]       $ 1,742   $ 1,758
South Pier At Harborside [Member]            
Schedule of Equity Method Investments [Line Items]            
Number of Apartment Units | room       350    
Company's Effective Ownership % [2]       50.00%    
Carrying Amount       [23]  
Property Debt, Balance [24]       $ 63,384    
Property Debt, Maturity Date       Aug. 01, 2020    
Property Debt, Interest Rate          
Note payable       $ 3,594    
Bears interest at fixed rate range, minimum       6.09%    
Bears interest at fixed rate range, maximum       6.62%    
Accounts payable, accrued expenses and other liabilities       $ 4,235 $ 3,317  
Letter of credit       3,600    
South Pier At Harborside [Member] | Hotel [Member]            
Schedule of Equity Method Investments [Line Items]            
Property Debt, Balance       $ 59,790    
Property Debt, Maturity Date       Nov. 01, 2016    
Property Debt, Interest Rate       6.15%    
Other [Member]            
Schedule of Equity Method Investments [Line Items]            
Carrying Amount [25]       $ 964   $ 3,506
Subsequent Event [Member] | PruRose Riverwalk G, L.L.C. [Member]            
Schedule of Equity Method Investments [Line Items]            
Company's Effective Ownership % 50.00%          
Purchase price of property $ 11,300          
Subsequent Event [Member] | Portside Master Company, L.L.C. [Member]            
Schedule of Equity Method Investments [Line Items]            
Company's Effective Ownership % 85.00%          
Property Debt, Balance $ 42,500          
Subsequent Event [Member] | Portside Apartment Holdings, L.L.C. [Member]            
Schedule of Equity Method Investments [Line Items]            
Company's Effective Ownership % 85.00%          
Purchase price of property $ 38,100          
The Shops At 40 Park Property [Member] | Rosewood Morristown, L.L.C. [Member]            
Schedule of Equity Method Investments [Line Items]            
Square feet | ft²       50,973    
Property Debt, Balance       $ 6,421    
Residual ownership interest       12.50%    
Additional borrowing capacity       $ 1,000    
The Shops At 40 Park Property [Member] | Rosewood Morristown, L.L.C. [Member] | Amortization Loan [Member]            
Schedule of Equity Method Investments [Line Items]            
Property Debt, Maturity Date       Aug. 01, 2018    
Property Debt, Interest Rate       3.63%    
Lofts At 40 Park Property [Member] | Rosewood Morristown, L.L.C. [Member]            
Schedule of Equity Method Investments [Line Items]            
Number of Apartment Units | item       59    
Property Debt, Balance       $ 1,117    
Property Debt, Maturity Date       Sep. 01, 2016    
Property Debt, Interest Rate, Spread Over LIBOR       2.50%    
Indirect ownership interest       25.00%    
Number of stories | item       5    
Metropolitan Property [Member] | Rosewood Morristown, L.L.C. [Member]            
Schedule of Equity Method Investments [Line Items]            
Property Debt, Balance       $ 38,218    
Property Debt, Maturity Date       Sep. 01, 2020    
Property Debt, Interest Rate       3.25%    
Port Imperial North Land [Member] | Roseland/Port Imperial Partners, L.P. [Member]            
Schedule of Equity Method Investments [Line Items]            
Number of Apartment Units | $ / item       836    
Residual ownership interest       20.00%    
[1] The Company's ownership interests in this venture are subordinate to its partner's preferred capital balance and the Company is not expected to meaningfully participate in the venture's cash flows in the near term.
[2] Company's effective ownership % represents the Company's entitlement to residual distributions after payments of priority returns, where applicable.
[3] The Company's ownership interests in this venture are subordinate to its partner's preferred capital balance and the payment of the outstanding balance remaining on a note ($975 as of December 31, 2015), and is not expected to meaningfully participate in the venture's cash flows in the near term.
[4] Through the joint venture, the Company also owns a 12.5 percent interest in a 50,973 square feet retail building ("Shops at 40 Park") and a 25 percent interest in a to-be-built 59-unit, five story multi-family rental development property ("Lofts at 40 Park").
[5] Property debt balance consists of: (i) a loan, collateralized by the Metropolitan at 40 Park, with a balance of $38,218, bears interest at 3.25 percent, matures in September 2020; (ii) an amortizable loan, collateralized by the Shops at 40 Park, with a balance of $6,421, bears interest at 3.63 percent, matures in August 2018; and (iii) a loan, collateralized by the Lofts at 40 Park, with a balance of $1,117, bears interest at LIBOR plus 250 basis points and matures in September 2016. The Shops at 40 Park mortgage loan also provides for additional borrowing proceeds of $1 million based on certain preferred thresholds being achieved.
[6] On April 1, 2016, the Company acquired the equity interests of its joint venture partner in Portside Apartment Holdings, L.L.C and PruRose Riverwalk G, L.L.C. for $38.1 million and $11.3 million, respectively, which increased its ownership to 85 percent in Portside Apartment Holdings, LLC and 50 percent in PruRose Riverwalk G, L.L.C. (See Note 3: Recent Transactions - Acquisitions).
[7] The permanent loan has a maximum borrowing amount of $80,249.
[8] The Company also owns a 50 percent interest in a vacant land to accommodate the development of approximately 295 additional units of which 252 are currently approved.
[9] The construction loan has a maximum borrowing amount of $42,500 and provides, subject to certain conditions, two two-year extension options with a fee of 12.5 basis points for the first two-year extension and 25 basis points for the second two-year extension.
[10] The construction loan has a maximum borrowing amount of $73,350 and provides, subject to certain conditions, one-year extension option followed by a six-month extension option with a fee of 25 basis points each. The joint venture has a swap agreement that fixes the all-in rate to 2.79 percent per annum on an initial notional amount of $1,620, increasing to $69,500 for the period from July 1, 2013 to January 1, 2016.
[11] The Company also owns a 20 percent residual interest in undeveloped land parcels: parcels 6, I, and J ("Port Imperial North Land") that can accommodate the development of 836 apartment units.
[12] The construction loan has a maximum borrowing amount of $77,400 and provides, subject to certain conditions, two one-year extension options with a fee of 25 basis points for each year.
[13] The construction/permanent loan has a maximum borrowing amount of $100,700 with amortization starting in August 2017.
[14] The construction/permanent loan has a maximum borrowing amount of $192,000.
[15] The joint venture has a swap agreement that fixes the all-in rate to 3.99375 percent per annum on an initial notional amount of $13,650 and then adjusting in accordance with an amortization schedule, which is effective from October 17, 2011 through loan maturity.
[16] The mortgage loan has two one-year extension options, subject to certain conditions.
[17] The Company's equity interests in the joint ventures will be subordinated to Keystone Entities receiving a 15 percent internal rate of return ("IRR") after which the Company will receive a 10 percent IRR on its subordinate equity and then all profit will be split equally.
[18] Principal balance of $127,600 bears interest at 5.114 percent and matures on August 27, 2023; principal balance of $45,500 bears interest at 5.01 percent and matures on September 6, 2025; principal balance of $33,825 bears interest at rates ranging from LIBOR+5.0 percent to LIBOR+5.75 percent and matures on August 27, 2016; principal balance of $11,250 bears interest at LIBOR+5.5 percent and matures on January 9, 2019; principal balance of $10,425 bears interest at LIBOR+6.0 percent matures on August 31, 2016.
[19] Includes the Company's pari-passu interests of $3.5 million in five properties and Company's subordinated equity interests to Keystone Entities receiving a 15 percent internal rate of return ("IRR") after which the Company will receive a 10 percent IRR on its subordinate equity and then all profit will be split equally.
[20] Principal balance of $43,954 bears interest at 5.38 percent and matures on July 1, 2017; principal balance of $75,882 bears interest at rates ranging from 5.65 percent to 6.75 percent and matures on September 9, 2017; principal balance of $14,250 bears interest at 4.88 percent and matures on July 6, 2024; principal balance of $63,400 bears interest at 4.93 percent and matures on July 6, 2044; principal balance of $15,050 bears interest at 4.71 percent and matures on August 6, 2044.
[21] Includes undivided interests in the same manner as investments in noncontrolling partnership, pursuant to ASC 970-323-25-12.
[22] See Note 10: Mortgages, Loans Payable and Other Obligations for debt secured by interests in these assets.
[23] The negative carrying value for this venture of $4,235 and $3,317 as of March 31, 2016 and 2015, respectively, were included in accounts payable, accrued expenses and other liabilities.
[24] Balance includes: (i) mortgage loan, collateralized by the hotel property, with a balance of $59,790, bears interest at 6.15 percent and matures in November 2016, and (ii) loan with a balance of $3,594, bears interest at fixed rates ranging from 6.09 percent to 6.62 percent and matures in August 1, 2020. The Company posted a $3.6 million letter of credit in support of this loan, half of which is indemnified by the partner.
[25] The Company owns other interests in various unconsolidated joint ventures, including interests in assets previously owned and interest in ventures whose businesses are related to its core operations. These ventures are not expected to significantly impact the Company's operations in the near term.