XML 60 R44.htm IDEA: XBRL DOCUMENT v3.7.0.1
Notes Payable - Additional Information (Detail)
3 Months Ended
Mar. 20, 2017
USD ($)
Feb. 14, 2017
USD ($)
Jun. 30, 2017
USD ($)
extension
Mar. 31, 2017
Dec. 31, 2016
USD ($)
Debt Instrument [Line Items]          
Credit facility maximum future borrowing capacity   $ 550,000,000      
Principal amount     $ 564,242,000   $ 502,476,000
Unsecured Revolving Credit Facility [Member]          
Debt Instrument [Line Items]          
Number of extensions | extension     2    
Extension period     6 months    
Unsecured Revolving Credit Facility [Member] | Minimum          
Debt Instrument [Line Items]          
Commitment fee percentage   0.15%      
Commitment fee percentage if pricing structure is converted to be based on an investment-grade rating   0.125%      
Unsecured Revolving Credit Facility [Member] | Maximum          
Debt Instrument [Line Items]          
Commitment fee percentage   0.30%      
Commitment fee percentage if pricing structure is converted to be based on an investment-grade rating   0.30%      
Credit Facility          
Debt Instrument [Line Items]          
Maximum ratio of total indebtedness to total asset value     60.00%    
Maximum ratio of secured debt to total asset value     45.00% 40.00%  
Maximum ratio of recourse debt to total asset     15.00%    
Minimum tangible net worth required     $ 760,740,750    
Minimum percentage of equity proceeds to be used in minimum tangible net worth calculation     75.00%    
Minimum ratio of EBITDA to fixed charges     1.50    
Maximum ratio of unsecured debt to the value of the unencumbered asset pool     60.00%    
Minimum ratio of NOI unsecured interest expense     1.75    
Funds from operations percentage     95.00%    
Thirty-day LIBOR plus | Unsecured Revolving Credit Facility [Member] | Minimum          
Debt Instrument [Line Items]          
Basis spread on variable rate   1.10%      
Basis spread on variable rate if additional investment grade rating attained   0.825%      
Thirty-day LIBOR plus | Unsecured Revolving Credit Facility [Member] | Maximum          
Debt Instrument [Line Items]          
Basis spread on variable rate   1.50%      
Basis spread on variable rate if additional investment grade rating attained   1.55%      
Thirty-day LIBOR plus | $100M Term Loan Facility          
Debt Instrument [Line Items]          
Basis spread on variable rate     1.20%    
Principal amount     $ 100,000,000   100,000,000
Thirty-day LIBOR plus | $100M Term Loan Facility | Minimum          
Debt Instrument [Line Items]          
Basis spread on variable rate   1.20% 1.20%    
Basis spread on variable rate if additional investment grade rating attained   0.90%      
Thirty-day LIBOR plus | $100M Term Loan Facility | Maximum          
Debt Instrument [Line Items]          
Basis spread on variable rate   1.70% 1.70%    
Basis spread on variable rate if additional investment grade rating attained   1.75%      
Thirty-day LIBOR plus | $60M Term Loan          
Debt Instrument [Line Items]          
Basis spread on variable rate     1.90%    
Number of extensions | extension     1    
Extension period     1 year    
Base Rate          
Debt Instrument [Line Items]          
Basis spread on variable rate   0.50%      
Base Rate | Unsecured Revolving Credit Facility [Member] | Minimum          
Debt Instrument [Line Items]          
Basis spread on variable rate   0.10%      
Basis spread on variable rate if additional investment grade rating attained   0.00%      
Base Rate | Unsecured Revolving Credit Facility [Member] | Maximum          
Debt Instrument [Line Items]          
Basis spread on variable rate   0.50%      
Basis spread on variable rate if additional investment grade rating attained   0.55%      
Base Rate | $100M Term Loan Facility | Minimum          
Debt Instrument [Line Items]          
Basis spread on variable rate   0.20%      
Basis spread on variable rate if additional investment grade rating attained   0.00%      
Base Rate | $100M Term Loan Facility | Maximum          
Debt Instrument [Line Items]          
Basis spread on variable rate   0.70%      
Basis spread on variable rate if additional investment grade rating attained   0.75%      
Eurodollar          
Debt Instrument [Line Items]          
Basis spread on variable rate   1.00%      
Revolving Credit Facility [Member] | Thirty-day LIBOR plus          
Debt Instrument [Line Items]          
Basis spread on variable rate     1.10%    
Principal amount     $ 72,000,000   0
Revolving Credit Facility [Member] | Thirty-day LIBOR plus | Minimum          
Debt Instrument [Line Items]          
Basis spread on variable rate     1.10%    
Revolving Credit Facility [Member] | Thirty-day LIBOR plus | Maximum          
Debt Instrument [Line Items]          
Basis spread on variable rate     1.50%    
Guaranteed Senior Notes          
Debt Instrument [Line Items]          
Principal amount     $ 100,000,000   100,000,000
Line of Credit | 300 Million Credit Facility          
Debt Instrument [Line Items]          
Credit facility maximum future borrowing capacity     $ 300,000,000.0    
Line of Credit | Unsecured Credit Facility | 450 Million Senior Credit Facility          
Debt Instrument [Line Items]          
Credit facility maximum future borrowing capacity   $ 450,000,000      
Line of Credit | Term Loan | $100M Term Loan Facility          
Debt Instrument [Line Items]          
Credit facility maximum future borrowing capacity   100,000,000      
Line of Credit | Term Loan | Thirty-day LIBOR plus | $225M Term Loan Facility          
Debt Instrument [Line Items]          
Basis spread on variable rate     1.50%    
Principal amount     $ 225,000,000   225,000,000
Line of Credit | Term Loan | Thirty-day LIBOR plus | $225M Term Loan Facility | Minimum          
Debt Instrument [Line Items]          
Basis spread on variable rate     1.50%    
Line of Credit | Term Loan | Thirty-day LIBOR plus | $225M Term Loan Facility | Maximum          
Debt Instrument [Line Items]          
Basis spread on variable rate     2.25%    
Line of Credit | Revolving Credit Facility [Member] | Unsecured Revolving Credit Facility [Member]          
Debt Instrument [Line Items]          
Credit facility maximum future borrowing capacity   $ 350,000,000      
Fixed Rate Debt | $60M Term Loan          
Debt Instrument [Line Items]          
Principal amount     $ 60,000,000    
Debt service coverage ratio     110.00%    
Fixed Rate Debt | Thirty-day LIBOR plus | $60M Term Loan          
Debt Instrument [Line Items]          
Principal amount     $ 59,282,000   $ 59,674,000
Unsecured Credit Facility | Revolving Credit Facility [Member]          
Debt Instrument [Line Items]          
Principal amount     72,000,000    
Additional availability     $ 278,000,000    
1065 Walnut Street          
Debt Instrument [Line Items]          
Repayments of debt $ 9,700,000        
Prepayment Fees | 1065 Walnut Street          
Debt Instrument [Line Items]          
Prepayment penalties 200,000        
Debt Premium Write Off | 1065 Walnut Street          
Debt Instrument [Line Items]          
Prepayment penalties $ 200,000