XML 58 R46.htm IDEA: XBRL DOCUMENT v3.7.0.1
Related-party transactions (Details)
3 Months Ended 6 Months Ended
Apr. 01, 2015
extension
Mar. 31, 2015
property
Jun. 30, 2017
USD ($)
Jun. 30, 2016
USD ($)
Jun. 30, 2017
USD ($)
Jun. 30, 2016
USD ($)
Dec. 31, 2016
USD ($)
Related party transaction [Line Items]              
Related party payables     $ 4,933,000   $ 4,933,000   $ 5,266,000
Affiliated entity | AAMC              
Related party transaction [Line Items]              
Base management fee, percent of qualified average invested capital   1.50%          
Incentive management fee, return on invested capital         1.75%    
Conversion fee, percent of market value of new rental properties   1.50%          
Incentive management fee, percent of incentive fee payable in common stock         25.00%    
Period in fiscal years return on invested equity capital evaluated for termination of agreement   2 years          
Period of time required return rate evaluated per new agreement         21 months    
Deficit of return on invested capital         60.40%    
Affiliated entity | AAMC | Minimum              
Related party transaction [Line Items]              
Incentive management fee, return on invested capital   7.00%          
Affiliated entity | AAMC | Maximum              
Related party transaction [Line Items]              
Incentive management fee, return on invested capital   8.25%          
Affiliated entity | Asset management fee, threshold one | AAMC              
Related party transaction [Line Items]              
Incentive management fee, percent of average invested capital   25.00%          
Incentive management fee, percent of invested capital in excess of threshold   20.00%          
Affiliated entity | Asset management fee, threshold two | AAMC              
Related party transaction [Line Items]              
Incentive management fee, percent of average invested capital   1.75%          
Base management fee, number of rental properties floor | property   2,500          
Incentive management fee, number of rental properties cap | property   4,499          
Incentive management fee, number of rental properties, floor | property   2,500          
Incentive management fee, percent of invested capital in excess of threshold   22.50%          
Affiliated entity | Asset management fee, threshold three | AAMC              
Related party transaction [Line Items]              
Incentive management fee, percent of average invested capital   2.00%          
Incentive management fee, number of rental properties, floor | property   4,500          
Incentive management fee, percent of invested capital in excess of threshold   25.00%          
Affiliated entity | Asset Management Agreement | AAMC              
Related party transaction [Line Items]              
Contract term 15 years            
Number of potential renewal extensions | extension 2            
Automatic renewal term 5 years            
Affiliated entity | Base management fee | AAMC              
Related party transaction [Line Items]              
Related party expenses     3,999,000 $ 4,506,000 $ 8,210,000 $ 8,630,000  
Affiliated entity | Conversion fee | AAMC              
Related party transaction [Line Items]              
Related party expenses     434,000 544,000 1,038,000 946,000  
Affiliated entity | Management incentive fee | AAMC              
Related party transaction [Line Items]              
Related party payables     0   0    
Affiliated entity | Expense reimbursements | AAMC              
Related party transaction [Line Items]              
Related party expenses     $ 210,000 $ 357,000 $ 406,000 $ 357,000