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Real Estate Investments - Summary of Land Parcels Sold (Details)
$ in Thousands
12 Months Ended
Mar. 16, 2018
USD ($)
a
Parcel
Jan. 10, 2018
USD ($)
a
Parcel
Apr. 28, 2017
USD ($)
a
Parcel
Jan. 30, 2017
USD ($)
a
Parcel
Dec. 31, 2018
USD ($)
a
Parcel
Dec. 31, 2017
USD ($)
a
Parcel
Dec. 31, 2016
USD ($)
a
Parcel
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]              
Sales Price         $ 359,300    
Proceeds from the sale of properties         324,090 $ 171,860 $ 784,331
Gain on Sale         $ 3,040 $ 953 $ 9,232
Land [Member]              
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]              
Number of Parcels | Parcel         2 5 3
Acreage of land | a         19.7 76.4 122.9
Sales Price         $ 15,056 $ 29,600 $ 14,938
Proceeds from the sale of properties         14,921 28,618 14,532
Gain on Sale         $ 1,537 $ 953 $ 9,232 [1]
Land [Member] | Garza Ranch - Office [Member]              
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]              
Number of Parcels | Parcel 1            
Acreage of land | a 6.6            
Sales Price $ 14,571            
Proceeds from the sale of properties 14,509            
Gain on Sale $ 1,515            
Land [Member] | Westpark Land [Member]              
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]              
Number of Parcels | Parcel   1          
Acreage of land | a   13.1          
Sales Price   $ 485          
Proceeds from the sale of properties   412          
Gain on Sale   $ 22          
Land [Member] | 50 E. Swedesford Square [Member]              
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]              
Number of Parcels | Parcel           1  
Acreage of land | a           12.0  
Sales Price           $ 7,200  
Proceeds from the sale of properties           7,098  
Gain on Sale           $ 882  
Land [Member] | Bishops Gate [Member]              
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]              
Number of Parcels | Parcel           1  
Acreage of land | a           49.5  
Sales Price           $ 6,000  
Proceeds from the sale of properties           5,640  
Gain on Sale [2]           $ 71  
Land [Member] | Garza Ranch - Multi-family [Member]              
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]              
Number of Parcels | Parcel     1     1  
Acreage of land | a     8.4     8.4  
Sales Price     $ 11,800     $ 11,800  
Proceeds from the sale of properties     11,560     11,560  
Gain on Sale     $ 1,311     $ 0 [3]  
Land [Member] | Gateway Land - Site C [Member]              
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]              
Number of Parcels | Parcel           1  
Acreage of land | a           4.8  
Sales Price           $ 1,100  
Proceeds from the sale of properties           1,043  
Gain on Sale [4]           $ 0  
Land [Member] | Garza Ranch - Hotel [Member]              
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]              
Number of Parcels | Parcel       1   1  
Acreage of land | a       1.7   1.7  
Sales Price       $ 3,500   $ 3,500  
Proceeds from the sale of properties       3,277   3,277  
Gain on Sale       $ 192   $ 0  
Land [Member] | Oakland Lot B [Member]              
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]              
Number of Parcels | Parcel             1
Acreage of land | a             0.9
Sales Price             $ 13,750
Proceeds from the sale of properties             13,411
Gain on Sale [1]             $ 9,039
Land [Member] | Highlands Land [Member]              
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]              
Number of Parcels | Parcel             1
Acreage of land | a             2.0
Sales Price             $ 288
Proceeds from the sale of properties             284
Gain on Sale [1]             $ 193
Land [Member] | Greenhills Land [Member]              
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]              
Number of Parcels | Parcel             1
Acreage of land | a             120.0
Sales Price             $ 900
Proceeds from the sale of properties             837
Gain on Sale [1],[5]             $ 0
[1] Gain on Sale is net of closing and other transaction related costs.
[2] During the fourth quarter of 2016, the Company recognized an impairment of $3.0 million. During the second quarter of 2017, the Company recorded a held for sale impairment charge of $0.3 million, reducing the aggregate carrying value of the land parcel from $5.9 million to its estimated fair value less costs to sell of $5.6 million. The fair value measurement is based on pricing in the purchase and sale agreement for the property. As the pricing in the purchase and sale agreement is unobservable, the Company determined that the input utilized to determine fair value for the property falls within Level 3 in accordance with the fair value hierarchy established by Accounting Standards Codification (ASC) Topic 820, “Fair Value Measurements and Disclosures.” The land parcel was sold on July 18, 2017.
[3] The Company has a continuing involvement in this property through a completion guaranty, which requires the Company, as developer, to complete certain infrastructure improvements on behalf of the buyers of the land parcels. The Company recorded the cash received at settlement as “Deferred income, gains and rent” on the Company’s consolidated balance sheet and the Company will recognize the sale upon completion of infrastructure improvements.
[4] During the fourth quarter of 2016, the Company recognized a nominal impairment related to this land parcel.
[5] The carrying value of the land exceeded the fair value less the anticipated costs of sale as of December 31, 2015. Therefore the Company recognized an impairment loss of $0.3 million during the three-month period ended December 31, 2015. There was no gain or loss recognized on the sale during 2016.