XML 67 R55.htm IDEA: XBRL DOCUMENT v3.10.0.1
Mortgages Payable (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Line of Credit Facility [Line Items]    
Fair value adjustments $ 2,204 $ 2,638
Deferred financing costs, net (11,444) (9,245)
Total 1,206,136 939,494
Mortgages [Member]    
Line of Credit Facility [Line Items]    
Total Outstanding Principal [1] 1,215,376 946,101
ARIUM at Palmer Ranch [Member] | Mortgages [Member] | Fixed Interest Rate [Member]    
Line of Credit Facility [Line Items]    
Total Outstanding Principal $ 41,348 26,925
Interest Rate 4.41%  
Interest Only Through Date May 2020  
Maturity Date May 01, 2025  
ARIUM Glenridge [Member] | Mortgages [Member] | Floating Interest Rate [Member]    
Line of Credit Facility [Line Items]    
Total Outstanding Principal [1] $ 49,500 48,431
Interest Rate [1] 3.68%  
Interest Only Through Date [1] September 2021  
Maturity Date [1] Sep. 01, 2025  
ARIUM Grandewood [Member] | Mortgages [Member] | Fixed Interest Rate [Member]    
Line of Credit Facility [Line Items]    
Total Outstanding Principal [2] $ 19,713 0
Interest Rate [2] 4.35%  
Interest Only Through Date [2] July 2020  
Maturity Date [2] Jul. 01, 2025  
ARIUM Grandewood [Member] | Mortgages [Member] | Floating Interest Rate [Member]    
Line of Credit Facility [Line Items]    
Total Outstanding Principal [1],[2] $ 19,672 34,294
Interest Rate [1],[2] 3.75%  
Interest Only Through Date [1],[2] July 2020  
Maturity Date [1],[2] Jul. 01, 2025  
ARIUM Gulfshore [Member] | Mortgages [Member] | Fixed Interest Rate [Member]    
Line of Credit Facility [Line Items]    
Total Outstanding Principal $ 0 32,626
Interest Rate 0.00%  
ARIUM Hunters Creek [Member] | Mortgages [Member] | Fixed Interest Rate [Member]    
Line of Credit Facility [Line Items]    
Total Outstanding Principal $ 72,294 72,294
Interest Rate 3.65%  
Interest Only Through Date November 2019  
Maturity Date Nov. 01, 2024  
ARIUM Metrowest [Member] | Mortgages [Member] | Fixed Interest Rate [Member]    
Line of Credit Facility [Line Items]    
Total Outstanding Principal $ 64,559 0
Interest Rate 4.43%  
Interest Only Through Date May 2021  
Maturity Date May 01, 2025  
ARIUM Palms [Member] | Mortgages [Member] | Floating Interest Rate [Member]    
Line of Credit Facility [Line Items]    
Total Outstanding Principal [1] $ 30,320 24,999
Interest Rate [1] 3.75%  
Interest Only Through Date [1] September 2020  
Maturity Date [1] Sep. 01, 2025  
ARIUM Pine Lakes [Member] | Mortgages [Member] | Fixed Interest Rate [Member]    
Line of Credit Facility [Line Items]    
Total Outstanding Principal $ 26,950 26,950
Interest Rate 3.95%  
Interest Only Through Date Interest-only  
Maturity Date Nov. 01, 2023  
ARIUM Westside [Member] | Mortgages [Member] | Fixed Interest Rate [Member]    
Line of Credit Facility [Line Items]    
Total Outstanding Principal $ 52,150 52,150
Interest Rate 3.68%  
Interest Only Through Date August 2021  
Maturity Date Aug. 01, 2023  
Ashford Belmar [Member] | Mortgages [Member] | Fixed Interest Rate [Member]    
Line of Credit Facility [Line Items]    
Total Outstanding Principal $ 100,675 0
Interest Rate 4.53%  
Interest Only Through Date December 2022  
Maturity Date Dec. 01, 2025  
Ashton Reserve I [Member] | Mortgages [Member] | Fixed Interest Rate [Member]    
Line of Credit Facility [Line Items]    
Total Outstanding Principal $ 30,878 31,401
Interest Rate 4.67%  
Interest Only Through Date [3]  
Maturity Date Dec. 01, 2025  
Ashton Reserve II [Member] | Mortgages [Member] | Floating Interest Rate [Member]    
Line of Credit Facility [Line Items]    
Total Outstanding Principal [1] $ 15,213 15,270
Interest Rate [1] 3.85%  
Interest Only Through Date [1] August 2022  
Maturity Date [1] Aug. 01, 2025  
Citrus Tower [Member] | Mortgages [Member] | Fixed Interest Rate [Member]    
Line of Credit Facility [Line Items]    
Total Outstanding Principal $ 41,438 41,438
Interest Rate 4.07%  
Interest Only Through Date October 2019  
Maturity Date Oct. 01, 2024  
Enders Place at Baldwin Park [Member] | Mortgages [Member] | Fixed Interest Rate [Member]    
Line of Credit Facility [Line Items]    
Total Outstanding Principal [4] $ 23,822 24,287
Interest Rate [4] 4.30%  
Interest Only Through Date [3],[4]  
Maturity Date [4] Nov. 01, 2022  
James on South First [Member] | Mortgages [Member] | Fixed Interest Rate [Member]    
Line of Credit Facility [Line Items]    
Total Outstanding Principal $ 26,500 26,500
Interest Rate 4.35%  
Interest Only Through Date January 2019  
Maturity Date Jan. 01, 2024  
Marquis at Crown Ridge [Member] | Mortgages [Member] | Floating Interest Rate [Member]    
Line of Credit Facility [Line Items]    
Total Outstanding Principal [1] $ 28,634 29,217
Interest Rate [1] 3.96%  
Interest Only Through Date [1],[3]  
Maturity Date [1],[5] Jun. 01, 2024  
Marquis at Stone Oak [Member] | Mortgages [Member] | Floating Interest Rate [Member]    
Line of Credit Facility [Line Items]    
Total Outstanding Principal [1] $ 42,725 43,125
Interest Rate [1] 3.96%  
Interest Only Through Date [1],[3]  
Maturity Date [1],[5] Jun. 01, 2024  
Marquis at the Cascades I [Member] | Mortgages [Member] | Floating Interest Rate [Member]    
Line of Credit Facility [Line Items]    
Total Outstanding Principal [1] $ 32,899 33,207
Interest Rate [1] 3.96%  
Interest Only Through Date [1],[3]  
Maturity Date [1],[5] Jun. 01, 2024  
Marquis at Cascades II [Member] | Mortgages [Member] | Floating Interest Rate [Member]    
Line of Credit Facility [Line Items]    
Total Outstanding Principal [1] $ 22,960 23,175
Interest Rate [1] 3.96%  
Interest Only Through Date [1],[3]  
Maturity Date [1],[5] Jun. 01, 2024  
Marquis at TPC [Member] | Mortgages [Member] | Floating Interest Rate [Member]    
Line of Credit Facility [Line Items]    
Total Outstanding Principal [1] $ 16,826 17,184
Interest Rate [1] 3.96%  
Interest Only Through Date [1],[3]  
Maturity Date [1],[5] Jun. 01, 2024  
Outlook at Greystone [Member] | Mortgages [Member] | Fixed Interest Rate [Member]    
Line of Credit Facility [Line Items]    
Total Outstanding Principal $ 22,105 0
Interest Rate 4.30%  
Interest Only Through Date June 2021  
Maturity Date Jun. 01, 2025  
Park & Kingston [Member] | Mortgages [Member] | Fixed Interest Rate [Member]    
Line of Credit Facility [Line Items]    
Total Outstanding Principal [6] $ 18,432 18,432
Interest Rate [6] 3.41%  
Interest Only Through Date [6] Interest-only  
Maturity Date [6] Apr. 01, 2020  
Plantation Park [Member] | Mortgages [Member] | Fixed Interest Rate [Member]    
Line of Credit Facility [Line Items]    
Total Outstanding Principal $ 26,625 0
Interest Rate 4.64%  
Interest Only Through Date July 2024  
Maturity Date Jul. 01, 2028  
Preston View [Member] | Mortgages [Member] | Floating Interest Rate [Member]    
Line of Credit Facility [Line Items]    
Total Outstanding Principal [1] $ 41,657 41,066
Interest Rate [1] 3.85%  
Interest Only Through Date [1] August 2022  
Maturity Date [1] Aug. 01, 2025  
Roswell City Walk [Member] | Mortgages [Member] | Fixed Interest Rate [Member]    
Line of Credit Facility [Line Items]    
Total Outstanding Principal $ 51,000 51,000
Interest Rate 3.63%  
Interest Only Through Date December 2019  
Maturity Date Dec. 01, 2026  
Sorrel [Member] | Mortgages [Member] | Floating Interest Rate [Member]    
Line of Credit Facility [Line Items]    
Total Outstanding Principal [1] $ 38,684 38,684
Interest Rate [1] 4.64%  
Interest Only Through Date November 2019  
Maturity Date [1] May 01, 2023  
Sovereign [Member] | Mortgages [Member] | Fixed Interest Rate [Member]    
Line of Credit Facility [Line Items]    
Total Outstanding Principal $ 28,227 28,788
Interest Rate 3.46%  
Interest Only Through Date [3]  
Maturity Date Nov. 10, 2022  
The Brodie [Member] | Mortgages [Member] | Fixed Interest Rate [Member]    
Line of Credit Facility [Line Items]    
Total Outstanding Principal $ 34,825 34,825
Interest Rate 3.71%  
Interest Only Through Date [3]  
Maturity Date Dec. 01, 2023  
The Links at Plum Creek [Member] | Mortgages [Member] | Fixed Interest Rate [Member]    
Line of Credit Facility [Line Items]    
Total Outstanding Principal $ 40,000 0
Interest Rate 4.31%  
Interest Only Through Date April 2020  
Maturity Date Oct. 01, 2025  
The Mills [Member] | Mortgages [Member] | Fixed Interest Rate [Member]    
Line of Credit Facility [Line Items]    
Total Outstanding Principal $ 26,298 26,777
Interest Rate 4.21%  
Interest Only Through Date [3]  
Maturity Date Jan. 01, 2025  
The Preserve at Henderson Beach [Member] | Mortgages [Member] | Fixed Interest Rate [Member]    
Line of Credit Facility [Line Items]    
Total Outstanding Principal $ 35,602 36,311
Interest Rate 4.65%  
Interest Only Through Date [3]  
Maturity Date Jan. 05, 2023  
Veranda at Centerfield [Member] | Mortgages [Member] | Floating Interest Rate [Member]    
Line of Credit Facility [Line Items]    
Total Outstanding Principal [1] $ 26,100 0
Interest Rate [1] 3.60%  
Interest Only Through Date [1] July 2021  
Maturity Date [1],[7] Jul. 26, 2023  
Villages of Cypress Creek [Member] | Mortgages [Member] | Fixed Interest Rate [Member]    
Line of Credit Facility [Line Items]    
Total Outstanding Principal $ 26,200 26,200
Interest Rate 3.23%  
Interest Only Through Date October 2020  
Maturity Date [7] Oct. 01, 2022  
Wesley Village [Member] | Mortgages [Member] | Fixed Interest Rate [Member]    
Line of Credit Facility [Line Items]    
Total Outstanding Principal $ 40,545 $ 40,545
Interest Rate 4.25%  
Interest Only Through Date April 2019  
Maturity Date Apr. 01, 2024  
[1] All the Company’s floating rate mortgages bear interest at one-month LIBOR + margin. In December 2018, one-month LIBOR in effect was 2.35%. LIBOR rate is subject to a rate cap. Please refer to Note 11 for further information.
[2] ARIUM Grandewood has a fixed rate loan and a floating rate loan.
[3] The loan requires monthly payments of principal and interest.
[4] The principal balance includes a $16.2 million loan at a fixed rate of 3.97% and a $7.6 million supplemental loan at a fixed rate of 5.01%.
[5] The loan can be extended, subject to certain conditions, in connection with an election to convert to a fixed interest rate loan.
[6] The principal balance includes a $15.3 million loan at a fixed rate of 3.21% and a $3.2 million supplemental loan at a fixed rate of 4.34%.
[7] The loan has two one-year extension options subject to certain conditions.