XML 36 R25.htm IDEA: XBRL DOCUMENT

Subsequent Events	9 Months Ended
Subsequent Events	Sep. 30, 2017
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Financings On October 20, 2017, Fund V obtained mortgage financing of $28.6 million for its recently acquired Hickory Ridge property (Note 2). On October 31, 2017, Fund IV refinanced its bridge facility (Note 7), increasing its available credit to $41.8 million. Dispositions On October 13, 2017, Fund II sold its consolidated City Point Condominium Tower I property for $96.0 million, and repaid debt of $81.0 million. This property was classified as held for sale at September 30, 2017 (Note 2). On October 3, 2017, Fund IV’s Broughton Street Portfolio venture (Note 4) sold its 301 W. Broughton, 101-103 W. Broughton and 125 E. Broughton properties for a total of $9.5 million. Other On October 25, 2017, Fund V called $45.8 million of capital, of which the Operating Partnership’s share was $9.2 million.