XML 25 R48.htm IDEA: XBRL DOCUMENT v2.4.0.8
Subsequent Events (Details) (USD $)
0 Months Ended 1 Months Ended 6 Months Ended
Aug. 12, 2013
Jul. 15, 2013
Jul. 29, 2013
Jun. 30, 2013
Subsequent Event [Line Items]        
Dividends payable   $ 1,000,000    
Distribution payment, in form of shares   49,000    
Distribution payment, price per share   $ 9.50    
Distribution payment, in cash   500,000    
Percentage of distribution payment, in form of cash   50.00%    
Face Value     24,400,000  
Loan term     5 years  
Maturity date     Aug. 06, 2018  
Stated interest per annum     4.94%  
Loan payable, monthly principal and interest payments     142,000  
Repayment of outstanding debt       7,900,000
Held in escrow amount       1,000,000
Loan fees       400,000
Distribution on per day basis 1.78      
Number of days used to calculate daily amount of distribution 365 days      
Face value of share $ 10      
Annualized rate of dividend 6.50%      
Distribution payment date Oct. 15, 2013      
Record date Sep. 30, 2013      
TownePlace and SpringHill Suites [Member]
       
Subsequent Event [Line Items]        
Repayment of outstanding debt       11,100,000
Lightstone REIT I [Member]
       
Subsequent Event [Line Items]        
Repayment of outstanding debt       $ 4,000,000