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MORTGAGE AND OTHER NOTES PAYABLE (Details) (USD $)
6 Months Ended 1 Months Ended 6 Months Ended 1 Months Ended 1 Months Ended 1 Months Ended
Jun. 30, 2014
Dec. 31, 2013
Jun. 30, 2014
Unsecured Debt
Unsecured credit facility
Line of Credit [Member]
Feb. 28, 2014
Secured Debt
Libor Plus 2.25% Mortgage Note
LIBOR
Jan. 31, 2014
Secured Debt
Libor Plus 2.25% Mortgage Note
LIBOR
Jan. 31, 2014
Secured Debt
LIBOR Plus 1.65% Mortgage Note
LIBOR
Feb. 28, 2014
Secured Debt
Libor Plus 1.55% Mortgage Note
LIBOR
Jun. 30, 2014
Subscription Line
Fund IV
Apr. 30, 2014
Mortgages
6.35% Mortgage Note
Jun. 30, 2014
Mortgages
5.65% Mortgage Note
Apr. 30, 2014
Mortgages
Libor Plus 2.25% Mortgage Note
Feb. 28, 2014
Mortgages
Libor Plus 2.25% Mortgage Note
Jan. 31, 2014
Mortgages
Libor Plus 2.25% Mortgage Note
Jan. 31, 2014
Mortgages
LIBOR Plus 1.65% Mortgage Note
Feb. 28, 2014
Mortgages
Libor Plus 1.55% Mortgage Note
Mar. 31, 2014
Mortgages
LIBOR Plus 1.88%, Mortgage Note
Mar. 31, 2014
Mortgages
LIBOR Plus 1.88%, Mortgage Note
LIBOR
Mar. 31, 2014
Mortgages
LIBOR Plus 1.70% Mortgage Note
Jun. 30, 2014
Mortgages
LIBOR Plus 1.70% Mortgage Note
Mar. 31, 2014
Mortgages
LIBOR Plus 1.70% Mortgage Note
LIBOR
Apr. 30, 2014
Mortgages
LIBOR Plus 2.15% Mortgage Note
Apr. 30, 2014
Mortgages
LIBOR Plus 1.85% Mortgage Note
May 31, 2014
Mortgages
LIBOR Plus 2.35% Mortgage Note
Jun. 30, 2014
Mortgages
LIBOR Plus 1.75%, Mortgage Note
extension_option
May 31, 2014
Mortgages
LIBOR Plus 1.75%, Mortgage Note
Jun. 30, 2014
Construction Loans
Construction Loan Under the United States Imigration Investment Program
Mortgage Loans on Real Estate [Line Items]                                                    
Proceeds from lines of credit     $ 15,000,000                                              
Description of variable rate basis       LIBOR LIBOR LIBOR LIBOR       LIBOR           LIBOR     LIBOR LIBOR LIBOR LIBOR LIBOR    
Basis spread on variable rate       2.25% 2.25% 1.65% 155.00%       2.25%           1.88%     1.70% 2.15% 1.85% 2.35% 1.75%    
New mortgage loans               6,500,000         1,500,000 45,000,000 24,500,000 9,000,000     19,000,000   15,500,000 12,000,000 12,500,000 12,500,000    
Long-term debt refinanced                     7,700,000 20,900,000                            
Expensed unamortized loan costs                       200,000                            
Repayments of long-term debt     15,000,000         52,100,000                                    
Mortgage and other notes payable 1,074,029,000 1,039,997,000           28,100,000                                    
Proceeds from secured notes payable                                   12,600,000                
Extinguishment of debt, amount                 4,200,000 13,300,000                                
Stated interest rate percentage                 6.35% 5.64%                                
Length of loan extension                                               1 year 1 year  
Number of loan extensions                                               2    
Construction loan, amount released into restricted cash                                                   198,500,000
Construction loan, amount withdrawn from restricted cash                                                   127,200,000
Construction loan, amount released into restricted Cash, amount available                                                   $ 71,300,000