XML 124 R52.htm IDEA: XBRL DOCUMENT v2.4.0.8
Mortgages Payable (Details) (USD $)
6 Months Ended 6 Months Ended 12 Months Ended 6 Months Ended 12 Months Ended 6 Months Ended
Jun. 30, 2013
Dec. 31, 2012
Jun. 30, 2013
Minimum
Dec. 31, 2012
Minimum
Jun. 30, 2013
Maximum
Dec. 31, 2012
Maximum
Jun. 30, 2013
Mortgages Payable
item
Dec. 31, 2012
Mortgages Payable
item
Jun. 30, 2012
Mortgages maturing 9/3/21
Jun. 30, 2013
Mortgages maturing 6/10/15
Dec. 31, 2012
Mortgages maturing 6/10/15
Jun. 30, 2013
Mortgages maturing 4/10/17
Jun. 30, 2013
Mortgages maturing 12/28/13
Dec. 31, 2012
Mortgages maturing 12/28/13
Mortgages Payable                            
Assumed mortgages payable $ 630,000,000                          
Assumed mortgages payable, non-recourse 608,800,000                          
Assumed mortgages payable, full recourse 6,600,000                          
Assumed mortgages payable, not guaranteed 14,600,000                          
Debt instrument                            
Net premiums recorded upon assumption of mortgages             28,400,000 10,000,000            
Deferred financing costs incurred             211,000 1,100,000            
Remaining balance of deferred financing costs at period end             1,488,000 1,541,000            
Number of Properties             229 11            
Weighted Average Stated Interest Rate (as a percent)     2.50% 2.60% 8.30% 8.30% 5.40% 5.80%       5.07%    
Weighted Average Effective Interest Rate (as a percent)     2.40% 2.70% 9.30% 8.30% 3.90% 4.40%            
Weighted Average Remaining Years Until Maturity             4 years 6 months 4 years 9 months 18 days            
Remaining Principal Balance             793,217,000 165,927,000 8,300,000 23,600,000   32,400,000    
Unamortized Premium Balance             33,892,000 9,941,000            
Mortgage Payable Balance 827,109,000 175,868,000         827,109,000 175,868,000            
Number of mortgages             51 13            
Number of properties with mortgages             229 11            
Floating variable interest rate, variable rate basis                 one month LIBOR one month LIBOR one month LIBOR two-year swap rate    
Floating variable interest rate, basis spread on variable rate (as a percent)                 2.40% 4.50% 4.50% 2.75%    
Maximum interest rate (as a percent)                   5.50% 5.50% 4.00%    
Note receivable acquired in connection with 2011 acquisition                         8,800,000 8,800,000
Assumed note receivable stated interest rate (as a percent)                         8.10%  
Assumed interest rate swap fixed interest rate (as a percent)                 6.00%          
Maturity mortgages payable, excluding net premiums                            
2013             24,300,000              
2014             64,400,000              
2015             125,500,000              
2016             248,400,000              
2017             133,000,000              
Thereafter             197,600,000              
Totals             $ 793,200,000