XML 65 R23.htm IDEA: XBRL DOCUMENT

Subsequent Event (Notes)	9 Months Ended
Subsequent Event (Notes)	Sep. 30, 2015
Subsequent Event [Abstract]
Subsequent Events [Text Block]	Subsequent Event On October 16, 2015, we obtained a senior secured construction loan in the amount of $52,000,000 from PNC Bank, National Association to finance the construction of a 379-unit multifamily project (Dillon) located in Charlotte, North Carolina. The loan is secured by a lien on the land and improvements to be constructed, and by a collateral assignment of present and future leases and rents. The loan bears interest at the LIBOR rate plus 2.20 percent, payable monthly, has an initial term of 48 months and may be extended for two additional 12-month periods following the initial term, subject to payment of extension fees and fulfillment of specified conditions.