XML 69 R58.htm IDEA: XBRL DOCUMENT v3.8.0.1
Debt - Summary of Consolidated Indebtedness (Details) - USD ($)
$ in Thousands
9 Months Ended 12 Months Ended
Sep. 30, 2017
Dec. 31, 2016
Debt Instrument [Line Items]    
Long-term debt, gross $ 1,619,171 $ 1,505,670
Mortgage and other notes payable, net 1,045,877 1,055,728
Unsecured notes payable, net 497,970 432,990
Unsecured line of credit 59,000 0
Net unamortized debt issuance costs (17,205) (18,288)
Unamortized fair market value of assumed debt 881 1,336
Total indebtedness 1,602,847 1,488,718
Total Debt - Fixed and Effectively Fixed Rate    
Debt Instrument [Line Items]    
Long-term debt, gross 869,829 860,484
Total Debt - Variable Rate    
Debt Instrument [Line Items]    
Long-term debt, gross 749,342 645,186
Total Debt - Variable Rate Fixed and Effectively Fixed Rate During Period    
Debt Instrument [Line Items]    
Long-term debt, gross 454,805 365,343
Mortgages    
Debt Instrument [Line Items]    
Mortgage and other notes payable, net 1,045,877 1,055,728
Net unamortized debt issuance costs (15,555) (16,642)
Unamortized fair market value of assumed debt $ 881 1,336
Mortgages | LIBOR    
Debt Instrument [Line Items]    
Interest rate, stated percentage 4.76%  
Unsecured Debt    
Debt Instrument [Line Items]    
Unsecured notes payable, net $ 497,970 432,990
Net unamortized debt issuance costs (1,650) (1,646)
Line of Credit    
Debt Instrument [Line Items]    
Unsecured line of credit $ 59,000 0
Core Portfolio | Variable Rate Debt | LIBOR | Minimum    
Debt Instrument [Line Items]    
Basis spread on variable rate 1.08%  
Core Portfolio | Variable Rate Debt | LIBOR | Maximum    
Debt Instrument [Line Items]    
Basis spread on variable rate 1.90%  
Core Portfolio | Variable Rate Unsecured Term Loans - Swapped | LIBOR | Minimum    
Debt Instrument [Line Items]    
Basis spread on variable rate 1.30%  
Core Portfolio | Variable Rate Unsecured Term Loans - Swapped | LIBOR | Maximum    
Debt Instrument [Line Items]    
Basis spread on variable rate 1.60%  
Core Portfolio | Mortgages    
Debt Instrument [Line Items]    
Long-term debt, gross $ 260,751 317,125
Core Portfolio | Mortgages | Fixed Rate    
Debt Instrument [Line Items]    
Long-term debt, gross $ 180,259 $ 234,875
Core Portfolio | Mortgages | Fixed Rate | Minimum    
Debt Instrument [Line Items]    
Interest rate, stated percentage 3.88% 3.88%
Core Portfolio | Mortgages | Fixed Rate | Maximum    
Debt Instrument [Line Items]    
Interest rate, stated percentage 5.89% 5.89%
Core Portfolio | Mortgages | Variable Rate - Swapped    
Debt Instrument [Line Items]    
Long-term debt, gross $ 80,492 $ 82,250
Core Portfolio | Mortgages | Variable Rate - Swapped | Minimum    
Debt Instrument [Line Items]    
Interest rate, stated percentage 1.71% 1.71%
Core Portfolio | Mortgages | Variable Rate - Swapped | Maximum    
Debt Instrument [Line Items]    
Interest rate, stated percentage 3.77% 3.77%
Core Portfolio | Unsecured Debt    
Debt Instrument [Line Items]    
Long-term debt, gross $ 300,000 $ 300,000
Core Portfolio | Unsecured Debt | Unsecured Term Loans    
Debt Instrument [Line Items]    
Long-term debt, gross $ 26,459 $ 51,194
Core Portfolio | Unsecured Debt | Unsecured Term Loans | LIBOR | Minimum    
Debt Instrument [Line Items]    
Basis spread on variable rate 1.30% 1.30%
Core Portfolio | Unsecured Debt | Unsecured Term Loans | LIBOR | Maximum    
Debt Instrument [Line Items]    
Basis spread on variable rate 1.60% 1.60%
Core Portfolio | Unsecured Debt | Variable Rate Unsecured Term Loans - Swapped    
Debt Instrument [Line Items]    
Long-term debt, gross $ 273,541 $ 248,806
Core Portfolio | Unsecured Debt | Variable Rate Unsecured Term Loans - Swapped | Minimum    
Debt Instrument [Line Items]    
Interest rate, stated percentage 1.24% 1.24%
Core Portfolio | Unsecured Debt | Variable Rate Unsecured Term Loans - Swapped | Maximum    
Debt Instrument [Line Items]    
Interest rate, stated percentage 3.77% 3.77%
Core Portfolio | Line of Credit | Unsecured Line of Credit    
Debt Instrument [Line Items]    
Long-term debt, gross $ 59,000 $ 0
Core Portfolio | Line of Credit | Unsecured Line of Credit | LIBOR    
Debt Instrument [Line Items]    
Basis spread on variable rate 1.40% 1.40%
Fund II | Variable Rate Debt | LIBOR | Minimum    
Debt Instrument [Line Items]    
Basis spread on variable rate 0.79%  
Fund II | Variable Rate Debt | LIBOR | Maximum    
Debt Instrument [Line Items]    
Basis spread on variable rate 2.50%  
Fund II | Mortgages    
Debt Instrument [Line Items]    
Long-term debt, gross $ 369,955 $ 412,291
Fund II | Mortgages | Fixed Rate    
Debt Instrument [Line Items]    
Long-term debt, gross $ 224,262 $ 249,762
Fund II | Mortgages | Fixed Rate | Minimum    
Debt Instrument [Line Items]    
Interest rate, stated percentage 1.00% 1.00%
Fund II | Mortgages | Fixed Rate | Maximum    
Debt Instrument [Line Items]    
Interest rate, stated percentage 4.75% 5.80%
Fund II | Mortgages | Variable Rate - Swapped    
Debt Instrument [Line Items]    
Interest rate, stated percentage 2.88% 2.88%
Long-term debt, gross $ 19,616 $ 19,779
Fund II | Mortgages | Variable Rate Debt    
Debt Instrument [Line Items]    
Long-term debt, gross $ 126,077 $ 142,750
Fund II | Mortgages | Variable Rate Debt | LIBOR | Minimum    
Debt Instrument [Line Items]    
Basis spread on variable rate 0.79% 0.62%
Fund II | Mortgages | Variable Rate Debt | LIBOR | Maximum    
Debt Instrument [Line Items]    
Basis spread on variable rate 2.50% 2.50%
Fund II | Unsecured Debt | Unsecured Notes Payable    
Debt Instrument [Line Items]    
Long-term debt, gross $ 31,500 $ 0
Fund II | Unsecured Debt | Unsecured Notes Payable | LIBOR    
Debt Instrument [Line Items]    
Basis spread on variable rate 1.65%  
Fund III | Variable Rate Debt | LIBOR | Maximum    
Debt Instrument [Line Items]    
Basis spread on variable rate 4.65%  
Fund III | Variable Rate Debt | Prime Rate | Minimum    
Debt Instrument [Line Items]    
Basis spread on variable rate 0.50%  
Fund III | Mortgages | Variable Rate Debt    
Debt Instrument [Line Items]    
Long-term debt, gross $ 69,632 $ 83,467
Fund III | Mortgages | Variable Rate Debt | LIBOR | Maximum    
Debt Instrument [Line Items]    
Basis spread on variable rate 4.65% 4.65%
Fund III | Mortgages | Variable Rate Debt | Prime Rate | Minimum    
Debt Instrument [Line Items]    
Basis spread on variable rate 0.50% 0.50%
Fund IV | Variable Rate Debt | LIBOR | Minimum    
Debt Instrument [Line Items]    
Basis spread on variable rate 1.70%  
Fund IV | Variable Rate Debt | LIBOR | Maximum    
Debt Instrument [Line Items]    
Basis spread on variable rate 3.95%  
Fund IV | Mortgages    
Debt Instrument [Line Items]    
Long-term debt, gross $ 360,213 $ 258,151
Fund IV | Mortgages | Fixed Rate    
Debt Instrument [Line Items]    
Long-term debt, gross $ 10,503 $ 10,503
Fund IV | Mortgages | Fixed Rate | Minimum    
Debt Instrument [Line Items]    
Interest rate, stated percentage 3.40% 3.40%
Fund IV | Mortgages | Fixed Rate | Maximum    
Debt Instrument [Line Items]    
Interest rate, stated percentage 4.50% 4.50%
Fund IV | Mortgages | Variable Rate - Swapped    
Debt Instrument [Line Items]    
Interest rate, stated percentage 1.78% 1.78%
Long-term debt, gross $ 81,156 $ 14,509
Fund IV | Mortgages | Variable Rate Debt    
Debt Instrument [Line Items]    
Long-term debt, gross $ 268,554 $ 233,139
Fund IV | Mortgages | Variable Rate Debt | LIBOR | Minimum    
Debt Instrument [Line Items]    
Basis spread on variable rate 1.70% 1.70%
Fund IV | Mortgages | Variable Rate Debt | LIBOR | Maximum    
Debt Instrument [Line Items]    
Basis spread on variable rate 3.95% 3.95%
Fund IV | Unsecured Debt | Term Loan / Subscription Facility    
Debt Instrument [Line Items]    
Long-term debt, gross $ 54,920 $ 134,636
Fund IV | Unsecured Debt | Term Loan / Subscription Facility | LIBOR | Minimum    
Debt Instrument [Line Items]    
Basis spread on variable rate 1.65% 1.65%
Fund IV | Unsecured Debt | Term Loan / Subscription Facility | LIBOR | Maximum    
Debt Instrument [Line Items]    
Basis spread on variable rate 2.75% 2.75%
Fund V | Unsecured Debt | Subscription Line    
Debt Instrument [Line Items]    
Long-term debt, gross $ 113,200 $ 0
Fund V | Unsecured Debt | Subscription Line | LIBOR    
Debt Instrument [Line Items]    
Basis spread on variable rate 1.60% 1.60%