XML 74 R26.htm IDEA: XBRL DOCUMENT v2.4.0.6
Mortgage Notes Payable Table 1 - Schedule of Mortgages and Other Notes Payable (Tables)
12 Months Ended
Dec. 31, 2012
Table 1 - Mortgages and Other Debt Payable [Abstract]  
Schedule of Long-term Debt Instruments [Table Text Block]
Mortgage notes and other debt payable have various maturities through 2027 and consist of the following:

Property
 
Maturity/Extinguishment Date
 
Fixed /
Floating
 
Interest
Rate
 
Amount payable as of
December 31, 2012
 
December 31, 2011
Metropolitan Park North
 
March 23, 2012
 
Fixed
 
5.73
%
 
$
—

 
$
56,513

105 Kendall Park Lane
 
July 2, 2012
 
Fixed
 
4.92
%
 
—

 
12,371

Marketplace at Northglenn
 
July 11, 2012
 
Fixed
 
10.50
%
 
—

 
61,269

4001 North Norfleet Road
 
December 27, 2012
 
Fixed
 
5.60
%
 
—

 
24,230

36 Research Park Drive
 
July 1, 2013
 
Fixed
 
5.60
%
 
10,682

 
10,841

Monument IV at Worldgate
 
September 1, 2013
 
Fixed
 
5.29
%
 
35,195

 
35,195

Dignity Health Office Portfolio
 
November 1, 2013
 
Fixed
 
5.75
%
 
15,926

 
16,285

Dignity Health Office Portfolio
 
November 1, 2013
 
Fixed
 
5.75
%
 
13,860

 
14,174

Dignity Health Office Portfolio
 
November 1, 2013
 
Fixed
 
5.75
%
 
14,354

 
14,678

Dignity Health Office Portfolio
 
March 1, 2014
 
Fixed
 
5.79
%
 
31,427

 
32,112

Stirling Slidell Shopping Centre
 
April 1, 2014
 
Fixed
 
5.15
%
 
12,483

 
12,777

Cabana Beach Gainesville
 
December 1, 2014
 
Fixed
 
5.57
%
 
47,163

 
47,843

Cabana Beach San Marcos
 
December 1, 2014
 
Fixed
 
5.57
%
 
18,872

 
19,144

Campus Lodge Columbia
 
December 1, 2014
 
Fixed
 
5.57
%
 
15,694

 
15,920

Campus Lodge Athens
 
December 1, 2014
 
Fixed
 
5.57
%
 
13,180

 
13,369

The Edge at Lafayette
 
February 1, 2015
 
Fixed
 
5.57
%
 
16,812

 
17,052

4 Research Park Drive
 
March 1, 2015
 
Fixed
 
6.05
%
 
6,419

 
6,611

111 Sutter Street (1)
 
June 1, 2015
 
Fixed
 
5.58
%
 
54,061

 
—

Campus Lodge Tampa
 
October 1, 2016
 
Fixed
 
5.95
%
 
33,053

 
33,438

Station Nine Apartments
 
May 1, 2017
 
Fixed
 
5.50
%
 
36,885

 
36,885

Canyon Plaza
 
June 1, 2017
 
Fixed
 
5.90
%
 
29,001

 
29,453

The District at Howell Mill
 
June 1, 2017
 
Fixed
 
6.14
%
 
9,931

 
10,000

Railway Street Corporate Centre (2)
 
September 1, 2017
 
Fixed
 
5.16
%
 
29,614

 
29,085

The District at Howell Mill
 
March 1, 2027
 
Fixed
 
5.30
%
 
34,594

 
35,000

TOTAL
 

 

 

 
$
479,206

 
$
584,245

Other debt payable (3)
 
September 30, 2013
 
Floating
 
4.75
%
 
12,000

 
—

MORTGAGE NOTES AND OTHER DEBT PAYABLE
 
$
491,206

 
$
584,245

Net debt premium (discount) on assumed debt
 
 
 

 
1,779

 
(1,750
)
MORTGAGE NOTES AND OTHER DEBT PAYABLE, NET
 
$
492,985

 
$
582,495

 
(1)
Loan assumed as part of acquisition of 111 Sutter Street on December 4, 2012.
(2)
This loan is denominated in Canadian dollars, but is reported in U.S. dollars at the exchange rate in effect on the balance sheet date.
(3)
The seller of 111 Sutter Street provided a short-term financing at closing at the prime rate (3.25% at December 31, 2012) plus 150 basis points.