XML 41 R27.htm IDEA: XBRL DOCUMENT v3.10.0.1
Subsequent Events
12 Months Ended
Dec. 31, 2018
Subsequent Events [Abstract]  
Subsequent Events

17. Subsequent Events

Capital Called

Effective January 9, 2019, Fund V called capital of $33.2 million of which the Company’s share was $6.7 million.

Financing and Hedging Transactions

On January 4, 2019, the Company entered into $100.0 million notional amounts of 10-year interest rate swaps at a fixed rate of approximately 2.6%.

On January 11, 2019, Fund V obtained a mortgage for its Elk Grove Commons property in the amount of $41.5 million, and also entered into a swap to fix the rate.

Acquisition and Disposition

On January 23, 2019, Fund III sold its 3104 M Street property for $10.5 million to an unconsolidated venture in which the Company holds a 20% interest, referred to as the Renaissance Portfolio (). In addition, the Renaissance Portfolio venture assumed the related Fund III mortgage of $4.7 million.