XML 69 R51.htm IDEA: XBRL DOCUMENT v3.8.0.1
REAL ESTATE PROPERTIES 3 (Details)
12 Months Ended
Dec. 31, 2017
USD ($)
ft²
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
DEVELOPMENT [Abstract]      
Interest costs capitalized on development properties $ 5,765,000 $ 5,340,000 $ 5,257,000
Internal Development Costs Capitalized During Period 4,754,000 3,789,000 4,467,000
Improvements on developments transferred to real estate properties 12,811,000    
Development costs incurred, for the period 124,938,000 203,765,000 $ 95,032,000
Development 242,014,000 $ 293,908,000  
Future Minimum payments receivable [Abstract]      
2018 204,614,000    
2019 177,110,000    
2020 139,791,000    
2021 100,559,000    
2022 74,092,000    
Thereafter 147,960,000    
Total minimum receipts $ 844,126,000    
Lease Up [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² 903,000    
Development Costs Transferred [1] $ 8,371,000    
Development costs incurred, for the period 36,787,000    
Development 73,387,000    
Estimated Total Cumulative Development Costs [2] $ 80,400,000    
Under construction [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² 1,263,000    
Development Costs Transferred [1] $ 16,699,000    
Development costs incurred, for the period 37,124,000    
Development 57,118,000    
Estimated Total Cumulative Development Costs [2] $ 104,600,000    
Prospective Development [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² 5,861,000    
Development Costs Transferred [1] $ (25,070,000)    
Development costs incurred, for the period 19,484,000    
Development $ 111,509,000    
Development completed and transferred to Real estate properties [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² 2,197,000    
Development Costs Transferred [1] $ 0    
Development costs incurred, for the period 14,819,000    
Development [3] $ 160,108,000    
Lease Up Construction And Prospective Development [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² 8,027,000    
Development Costs Transferred [1] $ 0    
Development costs incurred, for the period 93,395,000    
Development 242,014,000    
Development obligations 29,000,000    
Tenant improvement obligations $ 5,800,000    
Eisenhauer Point 1 & 2 [Member] | Development completed and transferred to Real estate properties [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² 201,000    
Development Costs Transferred [1] $ 0    
Development costs incurred, for the period 19,000    
Development [3] $ 15,795,000    
Conversion date (or anticipated conversion date, if property is in lease-up or under construction) 01/17    
South 35th Avenue [Member] | Development completed and transferred to Real estate properties [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² [4] 125,000    
Development Costs Transferred [1],[4] $ 0    
Development costs incurred, for the period [4] 0    
Development [3],[4] $ 1,664,000    
Conversion date (or anticipated conversion date, if property is in lease-up or under construction) [4] 01/17    
Alamo Ridge III [Member] | Development completed and transferred to Real estate properties [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² 135,000    
Development Costs Transferred [1] $ 0    
Development costs incurred, for the period 28,000    
Development [3] $ 10,587,000    
Conversion date (or anticipated conversion date, if property is in lease-up or under construction) 02/17    
Parc North 1-4 [Member] | Development completed and transferred to Real estate properties [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² [5] 446,000    
Development Costs Transferred [1],[5] $ 0    
Development costs incurred, for the period [5] 132,000    
Development [3],[5] $ 32,252,000    
Conversion date (or anticipated conversion date, if property is in lease-up or under construction) [5] 02/17    
Madison IV & V [Member] | Development completed and transferred to Real estate properties [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² 145,000    
Development Costs Transferred [1] $ 0    
Development costs incurred, for the period 549,000    
Development [3] $ 8,074,000    
Conversion date (or anticipated conversion date, if property is in lease-up or under construction) 03/17    
Jones Corporate Park [Member] | Development completed and transferred to Real estate properties [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² [6] 416,000    
Development Costs Transferred [1],[6] $ 0    
Development costs incurred, for the period [6] 275,000    
Development [3],[6] $ 39,815,000    
Conversion date (or anticipated conversion date, if property is in lease-up or under construction) [6] 04/17    
Steele Creek VI [Member] | Development completed and transferred to Real estate properties [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² 137,000    
Development Costs Transferred [1] $ 0    
Development costs incurred, for the period 519,000    
Development [3] $ 7,525,000    
Conversion date (or anticipated conversion date, if property is in lease-up or under construction) 04/17    
Ten Sky Harbor [Member] | Development completed and transferred to Real estate properties [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² 64,000    
Development Costs Transferred [1] $ 0    
Development costs incurred, for the period 100,000    
Development [3] $ 5,365,000    
Conversion date (or anticipated conversion date, if property is in lease-up or under construction) 04/17    
Horizon V [Member] | Development completed and transferred to Real estate properties [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² 141,000    
Development Costs Transferred [1] $ 0    
Development costs incurred, for the period 4,814,000    
Development [3] $ 9,249,000    
Conversion date (or anticipated conversion date, if property is in lease-up or under construction) 05/17    
Horizon VII [Member] | Development completed and transferred to Real estate properties [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² 109,000    
Development Costs Transferred [1] $ 0    
Development costs incurred, for the period 1,375,000    
Development [3] $ 8,266,000    
Conversion date (or anticipated conversion date, if property is in lease-up or under construction) 06/17    
Eisenhauer Point 4 [Member] | Development completed and transferred to Real estate properties [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² 85,000    
Development Costs Transferred [1] $ 0    
Development costs incurred, for the period 2,544,000    
Development [3] $ 5,197,000    
Conversion date (or anticipated conversion date, if property is in lease-up or under construction) 07/17    
CreekView 121 1&2 [Member] | Development completed and transferred to Real estate properties [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² 193,000    
Development Costs Transferred [1] $ 0    
Development costs incurred, for the period 4,464,000    
Development [3] $ 16,319,000    
Conversion date (or anticipated conversion date, if property is in lease-up or under construction) 08/17    
Phoenix Area [Member] | Prospective Development [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² 0    
Development Costs Transferred [1] $ (4,013,000)    
Development costs incurred, for the period 120,000    
Development $ 0    
Tucson [Member] | Prospective Development [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² [7] 0    
Development Costs Transferred [1],[7] $ 0    
Development costs incurred, for the period [7] (417,000)    
Development [7] $ 0    
Fort Myers [Member] | Prospective Development [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² 570,000    
Development Costs Transferred [1] $ 0    
Development costs incurred, for the period 469,000    
Development $ 14,112,000    
Miami [Member] | Prospective Development [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² 850,000    
Development Costs Transferred [1] $ 0    
Development costs incurred, for the period 3,632,000    
Development $ 30,876,000    
Orlando [Member] | Prospective Development [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² 418,000    
Development Costs Transferred [1] $ (5,926,000)    
Development costs incurred, for the period 917,000    
Development $ 11,120,000    
Tampa [Member] | Prospective Development [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² 32,000    
Development Costs Transferred [1] $ (2,153,000)    
Development costs incurred, for the period 32,000    
Development $ 1,560,000    
Atlanta [Member] | Prospective Development [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² 196,000    
Development Costs Transferred [1] $ 0    
Development costs incurred, for the period 1,207,000    
Development $ 1,207,000    
Jackson area [Member] | Prospective Development [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² 28,000    
Development Costs Transferred [1] $ 0    
Development costs incurred, for the period 0    
Development $ 706,000    
Charlotte [Member] | Prospective Development [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² 655,000    
Development Costs Transferred [1] $ (4,046,000)    
Development costs incurred, for the period 1,472,000    
Development $ 6,729,000    
Austin [Member] | Prospective Development [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² 180,000    
Development Costs Transferred [1] $ (3,100,000)    
Development costs incurred, for the period 6,120,000    
Development $ 3,020,000    
Dallas [Member] | Prospective Development [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² 491,000    
Development Costs Transferred [1] $ (3,701,000)    
Development costs incurred, for the period 975,000    
Development $ 9,596,000    
El Paso [Member] | Prospective Development [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² [8] 0    
Development Costs Transferred [1],[8] $ 0    
Development costs incurred, for the period [8] (2,444,000)    
Development [8] $ 0    
Houston [Member] | Prospective Development [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² [9] 1,476,000    
Development Costs Transferred [1],[9] $ 0    
Development costs incurred, for the period [9] (184,000)    
Development [9] $ 21,190,000    
San Antonio [Member] | Prospective Development [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² 965,000    
Development Costs Transferred [1] $ (2,131,000)    
Development costs incurred, for the period 7,585,000    
Development $ 11,393,000    
Alamo Ridge IV [Member] | Lease Up [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² 97,000    
Development Costs Transferred [1] $ 0    
Development costs incurred, for the period 2,152,000    
Development 7,097,000    
Estimated Total Cumulative Development Costs [2] $ 8,300,000    
Conversion date (or anticipated conversion date, if property is in lease-up or under construction) 03/18    
Weston [Member] | Lease Up [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² [10] 134,000    
Development Costs Transferred [1],[10] $ 0    
Development costs incurred, for the period [10] 1,239,000    
Development [10] 15,520,000    
Estimated Total Cumulative Development Costs [2],[10] $ 16,000,000    
Conversion date (or anticipated conversion date, if property is in lease-up or under construction) [10] 03/18    
Oak Creek VII [Member] | Lease Up [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² 116,000    
Development Costs Transferred [1] $ 2,153,000    
Development costs incurred, for the period 3,978,000    
Development 6,131,000    
Estimated Total Cumulative Development Costs [2] $ 7,500,000    
Conversion date (or anticipated conversion date, if property is in lease-up or under construction) 04/18    
Progress Center 1 & 2 [Member] | Lease Up [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² [11] 132,000    
Development Costs Transferred [1],[11] $ 0    
Development costs incurred, for the period [11] 10,333,000    
Development [11] 10,333,000    
Estimated Total Cumulative Development Costs [2],[11] $ 11,100,000    
Conversion date (or anticipated conversion date, if property is in lease-up or under construction) [11] 04/18    
Eisenhauer Point 3 [Member] | Lease Up [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² 71,000    
Development Costs Transferred [1] $ 0    
Development costs incurred, for the period 3,411,000    
Development 6,159,000    
Estimated Total Cumulative Development Costs [2] $ 6,800,000    
Conversion date (or anticipated conversion date, if property is in lease-up or under construction) 06/18    
SunCoast 4 [Member] | Lease Up [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² 93,000    
Development Costs Transferred [1] $ 0    
Development costs incurred, for the period 2,865,000    
Development 9,120,000    
Estimated Total Cumulative Development Costs [2] $ 10,000,000    
Conversion date (or anticipated conversion date, if property is in lease-up or under construction) 06/18    
Steele Creek VII [Member] | Lease Up [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² 120,000    
Development Costs Transferred [1] $ 2,393,000    
Development costs incurred, for the period 5,404,000    
Development 7,797,000    
Estimated Total Cumulative Development Costs [2] $ 8,600,000    
Conversion date (or anticipated conversion date, if property is in lease-up or under construction) 09/18    
Horizon XII [Member] | Lease Up [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² 140,000    
Development Costs Transferred [1] $ 3,825,000    
Development costs incurred, for the period 7,405,000    
Development 11,230,000    
Estimated Total Cumulative Development Costs [2] $ 12,100,000    
Conversion date (or anticipated conversion date, if property is in lease-up or under construction) 12/18    
Country Club V [Member] | Under construction [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² 300,000    
Development Costs Transferred [1] $ 0    
Development costs incurred, for the period 10,656,000    
Development 13,951,000    
Estimated Total Cumulative Development Costs [2] $ 24,200,000    
Conversion date (or anticipated conversion date, if property is in lease-up or under construction) 04/18    
Kyrene 202 3, 4 & 5 [Member] | Under construction [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² 166,000    
Development Costs Transferred [1] $ 2,280,000    
Development costs incurred, for the period 9,263,000    
Development 11,543,000    
Estimated Total Cumulative Development Costs [2] $ 13,800,000    
Conversion date (or anticipated conversion date, if property is in lease-up or under construction) 02/19    
Creekview 121 3 & 4 [Member] | Under construction [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² 158,000    
Development Costs Transferred [1] $ 3,701,000    
Development costs incurred, for the period 6,610,000    
Development 10,311,000    
Estimated Total Cumulative Development Costs [2] $ 14,200,000    
Conversion date (or anticipated conversion date, if property is in lease-up or under construction) 03/19    
Eisenhauer Point 5 [Member] | Under construction [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² 98,000    
Development Costs Transferred [1] $ 1,253,000    
Development costs incurred, for the period 4,551,000    
Development 5,804,000    
Estimated Total Cumulative Development Costs [2] $ 7,500,000    
Conversion date (or anticipated conversion date, if property is in lease-up or under construction) 03/19    
Eisenhauer Point 6 [Member] | Under construction [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² 85,000    
Development Costs Transferred [1] $ 878,000    
Development costs incurred, for the period 3,172,000    
Development 4,050,000    
Estimated Total Cumulative Development Costs [2] $ 5,200,000    
Conversion date (or anticipated conversion date, if property is in lease-up or under construction) 03/19    
Horizon X [Member] | Under construction [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² 104,000    
Development Costs Transferred [1] $ 2,101,000    
Development costs incurred, for the period 1,449,000    
Development 3,550,000    
Estimated Total Cumulative Development Costs [2] $ 8,000,000    
Conversion date (or anticipated conversion date, if property is in lease-up or under construction) 04/19    
Falcon Field [Member] | Under construction [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² 96,000    
Development Costs Transferred [1] $ 1,733,000    
Development costs incurred, for the period 1,214,000    
Development 2,947,000    
Estimated Total Cumulative Development Costs [2] $ 9,000,000    
Conversion date (or anticipated conversion date, if property is in lease-up or under construction) 05/19    
Airport Commerce Center 3 [Member] | Under construction [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² 96,000    
Development Costs Transferred [1] $ 1,653,000    
Development costs incurred, for the period 80,000    
Development 1,733,000    
Estimated Total Cumulative Development Costs [2] $ 7,300,000    
Conversion date (or anticipated conversion date, if property is in lease-up or under construction) 07/19    
Settlers Crossing 1 [Member] | Under construction [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² 77,000    
Development Costs Transferred [1] $ 1,494,000    
Development costs incurred, for the period 62,000    
Development 1,556,000    
Estimated Total Cumulative Development Costs [2] $ 7,400,000    
Conversion date (or anticipated conversion date, if property is in lease-up or under construction) 10/19    
Settlers Crossing 2 [Member] | Under construction [Member]      
DEVELOPMENT [Abstract]      
Size (Unaudited) (Square feet) | ft² 83,000    
Development Costs Transferred [1] $ 1,606,000    
Development costs incurred, for the period 67,000    
Development 1,673,000    
Estimated Total Cumulative Development Costs [2] $ 8,000,000    
Conversion date (or anticipated conversion date, if property is in lease-up or under construction) 10/19    
[1] Represents costs transferred from Prospective Development (primarily land) to Under Construction during the period. Negative amounts represent land inventory costs transferred to Under Construction.
[2] Included in these costs are development obligations of $29.0 million and tenant improvement obligations of $5.8 million on properties under development.
[3] Represents cumulative costs at the date of transfer.
[4] This property was redeveloped from a manufacturing building to a multi-tenant distribution building.
[5] This project was acquired by EastGroup on 7/8/16 during the lease-up phase.
[6] This project was acquired by EastGroup on 11/15/16 during the lease-up phase.
[7] Negative amount represents land inventory costs transferred to Real Estate Properties for storage yard and parking lot expansion.
[8] Negative amount represents land sold on 11/3/17.
[9] Negative amount represents West Road retention ponds and infrastructure conveyed to West Harris County Municipal Utility District.
[10] This project was acquired by EastGroup on 11/1/16 and underwent redevelopment.
[11] This project was acquired by EastGroup on 12/12/17 during the lease-up phase.