XML 44 R44.htm IDEA: XBRL DOCUMENT v2.4.1.9
Mortgages Payable (Details) (Mortgages [Member], USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2015
Dec. 31, 2014
Line of Credit Facility [Line Items]    
Total Outstanding Principal $ 242,755cik0001442626_MortgageNotesPayableGross $ 200,469cik0001442626_MortgageNotesPayableGross
Fair value adjustments 808cik0001442626_MortgageNotesPayableFairValueAdjustment 874cik0001442626_MortgageNotesPayableFairValueAdjustment
Total continuing operations 243,563cik0001442626_MortgageNotesPayableNet 201,343cik0001442626_MortgageNotesPayableNet
Total 255,063cik0001442626_MortgagesPayable 212,843cik0001442626_MortgagesPayable
Spring House [Member]    
Line of Credit Facility [Line Items]    
Total Outstanding Principal 22,428cik0001442626_MortgageNotesPayableGross
/ us-gaap_DebtInstrumentAxis
= cik0001442626_SpringHouseMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember		 22,515cik0001442626_MortgageNotesPayableGross
/ us-gaap_DebtInstrumentAxis
= cik0001442626_SpringHouseMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
Interest Rate 5.66%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= cik0001442626_SpringHouseMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember		  
Fixed/Floating Fixed  
Maturity Date Jan. 01, 2020  
Enders Place at Baldwin Park [Member]    
Line of Credit Facility [Line Items]    
Total Outstanding Principal 25,398cik0001442626_MortgageNotesPayableGross
/ us-gaap_DebtInstrumentAxis
= cik0001442626_EndersPlaceAtBaldwinParkMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember		 [1] 25,475cik0001442626_MortgageNotesPayableGross
/ us-gaap_DebtInstrumentAxis
= cik0001442626_EndersPlaceAtBaldwinParkMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember		 [1]
Interest Rate 4.30%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= cik0001442626_EndersPlaceAtBaldwinParkMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember		 [1]  
Fixed/Floating Fixed [1]  
Maturity Date Nov. 01, 2022 [1]  
MDA Apartments [Member]    
Line of Credit Facility [Line Items]    
Total Outstanding Principal 37,600cik0001442626_MortgageNotesPayableGross
/ us-gaap_DebtInstrumentAxis
= cik0001442626_MdaApartmentsMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember		 37,600cik0001442626_MortgageNotesPayableGross
/ us-gaap_DebtInstrumentAxis
= cik0001442626_MdaApartmentsMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
Interest Rate 5.35%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= cik0001442626_MdaApartmentsMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember		  
Fixed/Floating Fixed  
Maturity Date Jan. 01, 2023  
Village Green Ann Arbor [Member]    
Line of Credit Facility [Line Items]    
Total Outstanding Principal 42,887cik0001442626_MortgageNotesPayableGross
/ us-gaap_DebtInstrumentAxis
= cik0001442626_VillageGreenAnnArborMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember		 43,078cik0001442626_MortgageNotesPayableGross
/ us-gaap_DebtInstrumentAxis
= cik0001442626_VillageGreenAnnArborMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
Interest Rate 3.92%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= cik0001442626_VillageGreenAnnArborMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember		  
Fixed/Floating Fixed  
Maturity Date Oct. 01, 2022  
Lansbrook Village [Member]    
Line of Credit Facility [Line Items]    
Total Outstanding Principal 43,043cik0001442626_MortgageNotesPayableGross
/ us-gaap_DebtInstrumentAxis
= cik0001442626_LansbrookMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember		 42,357cik0001442626_MortgageNotesPayableGross
/ us-gaap_DebtInstrumentAxis
= cik0001442626_LansbrookMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
Interest Rate 4.42%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= cik0001442626_LansbrookMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember		  
Fixed/Floating Blended [2]  
Maturity Date Mar. 31, 2018  
ARIUM Grande Lakes    
Line of Credit Facility [Line Items]    
Total Outstanding Principal 29,444cik0001442626_MortgageNotesPayableGross
/ us-gaap_DebtInstrumentAxis
= cik0001442626_GrandeLakesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember		 29,444cik0001442626_MortgageNotesPayableGross
/ us-gaap_DebtInstrumentAxis
= cik0001442626_GrandeLakesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
Interest Rate 1.84%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= cik0001442626_GrandeLakesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember		  
Fixed/Floating Floating [3]  
Maturity Date Dec. 01, 2024  
North Park Towers [Member]    
Line of Credit Facility [Line Items]    
Total Outstanding Principal 11,500cik0001442626_MortgageNotesPayableGross
/ us-gaap_DebtInstrumentAxis
= cik0001442626_NorthParkTowersMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember		 11,500cik0001442626_MortgageNotesPayableGross
/ us-gaap_DebtInstrumentAxis
= cik0001442626_NorthParkTowersMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
Interest Rate 5.65%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= cik0001442626_NorthParkTowersMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember		  
Fixed/Floating Fixed  
Maturity Date Jan. 06, 2024  
Fox Hills [Member]    
Line of Credit Facility [Line Items]    
Total Outstanding Principal 26,705cik0001442626_MortgageNotesPayableGross
/ us-gaap_DebtInstrumentAxis
= cik0001442626_FoxHillsMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember		 0cik0001442626_MortgageNotesPayableGross
/ us-gaap_DebtInstrumentAxis
= cik0001442626_FoxHillsMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
Interest Rate 3.57%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= cik0001442626_FoxHillsMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember		  
Fixed/Floating Fixed  
Maturity Date Apr. 01, 2022  
Park Kingston [Member]    
Line of Credit Facility [Line Items]    
Total Outstanding Principal $ 15,250cik0001442626_MortgageNotesPayableGross
/ us-gaap_DebtInstrumentAxis
= cik0001442626_ParkKingstonMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember		 $ 0cik0001442626_MortgageNotesPayableGross
/ us-gaap_DebtInstrumentAxis
= cik0001442626_ParkKingstonMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
Interest Rate 3.21%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= cik0001442626_ParkKingstonMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember		  
Fixed/Floating Fixed  
Maturity Date Apr. 01, 2020  
[1] The principal includes a $17.4 million loan at a 3.97% interest rate and an $8.0 million supplemental loan at a 5.01% interest rate.
[2] The principal balance includes the initial advance of $42.0 million at a fixed rate of 4.45% and an additional advance of $1.0 million that bears interest at a floating rate of one month LIBOR plus 3.00%, as of March 31, 2015, the additional advance had an interest rate of 3.31%.
[3] ARIUM Grande Lakes Senior Loan bears interest at a floating rate of 1.67% plus one month LIBOR. At March 31, 2015, the interest rate was 1.84%.