XML 16 R46.htm IDEA: XBRL DOCUMENT v2.4.0.6
Debt (Details 1) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Dec. 31, 2012
Principal Outstanding $ 213,138 $ 218,337
Grove At Carrollton and Grove At Las Cruces [Member]
   
Face Amount 29,790  
Principal Outstanding 29,315 29,408
Stated Interest Rate 6.13%  
Interest Rate 6.13%  
Maturity Date Oct. 11, 2016 [1]  
Amortization 30 years [2]  
Grove At Huntsville
   
Face Amount 12,635  
Principal Outstanding 0 12,635
Stated Interest Rate LIBOR + 250 bps  
Maturity Date Jan. 09, 2013 [1]  
Mortgage Notes Payable Amortization Terms Interest only  
Grove At Stateboro [Member]
   
Face Amount 18,100  
Principal Outstanding 18,100 18,100
Stated Interest Rate 4.01%  
Interest Rate 4.01%  
Maturity Date Jan. 01, 2023 [1]  
Amortization 30 years [2]  
Grove At Asheville [Member]
   
Face Amount 14,800  
Principal Outstanding 14,636 14,684
Stated Interest Rate 5.77%  
Interest Rate 5.77%  
Maturity Date Apr. 11, 2017 [1]  
Amortization 30 years [2]  
Grove At Milledgeville [Member]
   
Face Amount 16,250  
Principal Outstanding 15,991 16,041
Stated Interest Rate 6.12%  
Interest Rate 6.12%  
Maturity Date Oct. 01, 2016 [1]  
Amortization 30 years [2]  
Grove At Ellensburg [Member]
   
Face Amount 16,125  
Principal Outstanding 16,125 16,125
Stated Interest Rate 5.10%  
Interest Rate 5.10%  
Maturity Date Sep. 01, 2018 [1]  
Amortization 30 years [3]  
Grove At Nacogdoches [Member]
   
Face Amount 17,160  
Principal Outstanding 17,160 17,160
Stated Interest Rate 5.01%  
Interest Rate 5.01%  
Maturity Date Sep. 01, 2018 [1]  
Amortization 30 years [3]  
Grove At Greeley [Member]
   
Face Amount 15,233  
Principal Outstanding 15,233 15,233
Stated Interest Rate 4.29%  
Interest Rate 4.29%  
Maturity Date Oct. 01, 2018 [1]  
Amortization 30 years [3]  
Grove At Clarksville [Member]
   
Face Amount 16,350  
Principal Outstanding 16,350 16,350
Stated Interest Rate 4.03%  
Interest Rate 4.03%  
Maturity Date Jul. 01, 2022 [1]  
Amortization 30 years [3],[4]  
Grove At Columbia [Member]
   
Face Amount 23,775  
Principal Outstanding 23,496 23,605
Stated Interest Rate 3.83%  
Interest Rate 3.83%  
Maturity Date Jul. 01, 2022 [1]  
Amortization 30 years [5]  
Grove At Orono [Member]
   
Face Amount 15,206  
Principal Outstanding 14,243 10,506
Stated Interest Rate LIBOR + 275 bps  
Interest Rate 2.95%  
Maturity Date Jun. 30, 2014 [1]  
Mortgage Notes Payable Amortization Terms Interest only  
Grove At Aubum [Member]
   
Face Amount 16,294  
Principal Outstanding 13,157 13,157
Stated Interest Rate LIBOR + 295 bps  
Interest Rate 3.15%  
Maturity Date Jul. 22, 2014 [1]  
Mortgage Notes Payable Amortization Terms Interest only  
Grove At Flagstaff [Member]
   
Face Amount 19,842  
Principal Outstanding 19,330 15,331
Stated Interest Rate Prime + 25 bps /LIBOR + 250 bps  
Interest Rate 2.78%  
Maturity Date Dec. 09, 2014 [1]  
Mortgage Notes Payable Amortization Terms Interest only  
Grove At Muncie [Member]
   
Face Amount 14,567  
Principal Outstanding 1 1
Stated Interest Rate LIBOR + 225 bps  
Interest Rate 2.45%  
Maturity Date Jul. 03, 2015 [1]  
Mortgage Notes Payable Amortization Terms Interest only  
Grove At Fort Collins [Member]
   
Face Amount 19,073  
Principal Outstanding 1 1
Stated Interest Rate LIBOR + 225 bps  
Interest Rate 2.45%  
Maturity Date Jul. 13, 2015 [1]  
Mortgage Notes Payable Amortization Terms Interest only  
Grove At Pullman [Member]
   
Face Amount 16,016  
Principal Outstanding $ 0 $ 0
Stated Interest Rate LIBOR + 220 bps  
Interest Rate 2.40%  
Maturity Date Sep. 05, 2015 [1]  
Mortgage Notes Payable Amortization Terms Interest only  
[1] For the construction loans, the maturity date is the stated maturity date in the respective loan agreements, which can be extended for an additional one to two years, subject to certain conditions, depending on the loan.
[2] Loans require interest only payments, plus certain reserves and escrows, that are payable monthly for a period of five years. Monthly payments of principal and interest, plus certain reserve and escrow amounts, are due thereafter until maturity when all principal is due.
[3] Interest only for the first two years, followed by 30 year amortization.
[4] Loan requires interest only payments, plus certain reserves and escrows payable monthly through August 2014, thereafter, principal and interest, plus certain reserves and escrows that are payable monthly until maturity.
[5] Loan requires monthly payments of principal and interest, plus certain reserve and escrows, are due thereafter until maturity when all principal is due.