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Investments in Real Estate - Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed (Detail) (USD $)
3 Months Ended 3 Months Ended 3 Months Ended 3 Months Ended 3 Months Ended
Mar. 31, 2014
Mar. 31, 2014
Leases, Acquired-in-Place
Mar. 31, 2014
Net Above (Below) Market Lease Intangibles
Mar. 31, 2014
Rosecrans Avenue
Jan. 15, 2014
Rosecrans Avenue
Mar. 31, 2014
Oxnard Street
Jan. 22, 2014
Oxnard Street
Mar. 31, 2014
Oxnard Street
Leases, Acquired-in-Place
Mar. 31, 2014
Oxnard Street
Net Above (Below) Market Lease Intangibles
Mar. 31, 2014
Milliken Avenue
Feb. 12, 2014
Milliken Avenue
Mar. 31, 2014
Milliken Avenue
Leases, Acquired-in-Place
Mar. 31, 2014
Milliken Avenue
Net Above (Below) Market Lease Intangibles
Mar. 31, 2014
West 228th Street
Feb. 25, 2014
West 228th Street
Mar. 31, 2014
West 228th Street
Leases, Acquired-in-Place
Mar. 31, 2014
West 228th Street
Net Above (Below) Market Lease Intangibles
Mar. 31, 2014
Frampton Avenue
Mar. 20, 2014
Frampton Avenue
Mar. 31, 2014
Frampton Avenue
Leases, Acquired-in-Place
Business Acquisition [Line Items]                                        
Acquisition Date       Jan. 15, 2014 [1]   Jan. 22, 2014       Feb. 12, 2014       Feb. 25, 2014       Mar. 20, 2014    
Acquired Land $ 14,854,000     $ 3,117,000 [1]   $ 4,373,000       $ 2,440,000       $ 2,609,000       $ 2,315,000    
Buildings and Improvements 16,787,000     1,894,000 [1]   3,873,000       5,588,000       3,879,000       1,553,000    
Lease Intangibles   1,747,000 [2] (422,000) [3]         650,000 [2] (21,000) [3]     616,000 [2] (94,000) [3]     419,000 [2] (307,000) [3]     62,000 [2]
Total Purchase Price 32,966,000     5,011,000 [1] 4,969,000 8,875,000 8,875,000     8,550,000 8,550,000     6,600,000 6,600,000     3,930,000 3,930,000  
Other Assets 24,000                 2,000               22,000    
Notes Payable, Accounts Payable, Accrued Expenses and Tenant Security Deposits (651,000)     (321,000) [1]   (117,000)       (116,000)       (33,000)       (64,000)    
Net Assets Acquired $ 32,339,000     $ 4,690,000 [1]   $ 8,758,000       $ 8,436,000       $ 6,567,000       $ 3,888,000    
[1] As the purchase of 7110 Rosecrans Avenue was accounted for as an asset acquisition, the total purchase price allocation of includes $42,000 of capitalized acquisition costs.
[2] The weighted average amortization period of acquired in-place lease intangibles for our 2014 acquisitions was 1.9 years as of March 31, 2014.
[3] The weighted average amortization period of net below market leases for our 2014 acquisitions was 2.6 years as of March 31, 2014.