XML 75 R61.htm IDEA: XBRL DOCUMENT v3.19.1
Debt - Summary of Consolidated Indebtedness (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2019
Dec. 31, 2018
Debt Instrument [Line Items]    
Long-term debt, gross $ 1,610,774 $ 1,560,333
Net unamortized debt issuance costs (12,323) (10,541)
Unamortized fair market value of assumed debt 728 753
Mortgage and other notes payable, net 1,109,160 1,017,288
Unsecured notes payable, net 481,019 533,257
Unsecured line of credit 9,000  
Total Indebtedness 1,599,179 1,550,545
Mortgages    
Debt Instrument [Line Items]    
Net unamortized debt issuance costs (11,917) (10,173)
Unamortized fair market value of assumed debt 728 753
Mortgage and other notes payable, net 1,109,160 1,017,288
Unsecured Debt    
Debt Instrument [Line Items]    
Net unamortized debt issuance costs (406) (368)
Unsecured notes payable, net 481,019 533,257
Line of Credit    
Debt Instrument [Line Items]    
Unsecured line of credit $ 9,000  
Core Portfolio | Minimum    
Debt Instrument [Line Items]    
Maturity Date 2019-04  
Core Portfolio | Maximum    
Debt Instrument [Line Items]    
Maturity Date 2020-04  
Core Portfolio | Variable Rate Debt | LIBOR | Minimum    
Debt Instrument [Line Items]    
Basis spread on variable rate 1.70%  
Core Portfolio | Variable Rate Debt | LIBOR | Maximum    
Debt Instrument [Line Items]    
Basis spread on variable rate 1.90%  
Core Portfolio | Unsecured Line of Credit | LIBOR | Minimum    
Debt Instrument [Line Items]    
Basis spread on variable rate 1.35%  
Core Portfolio | Unsecured Notes Payable | LIBOR | Minimum    
Debt Instrument [Line Items]    
Basis spread on variable rate 1.25%  
Core Portfolio | Mortgages    
Debt Instrument [Line Items]    
Long-term debt, gross $ 260,105 260,854
Core Portfolio | Mortgages | Fixed Rate    
Debt Instrument [Line Items]    
Long-term debt, gross $ 177,778 $ 178,271
Core Portfolio | Mortgages | Fixed Rate | Minimum    
Debt Instrument [Line Items]    
Interest rate, stated percentage 3.88% 3.88%
Maturity Date 2024-02  
Core Portfolio | Mortgages | Fixed Rate | Maximum    
Debt Instrument [Line Items]    
Interest rate, stated percentage 6.00% 6.00%
Maturity Date 2035-04  
Core Portfolio | Mortgages | Variable Rate - Swapped    
Debt Instrument [Line Items]    
Long-term debt, gross $ 82,327 $ 82,583
Core Portfolio | Mortgages | Variable Rate - Swapped | Minimum    
Debt Instrument [Line Items]    
Interest rate, stated percentage 3.41% 3.41%
Maturity Date 2023-01  
Core Portfolio | Mortgages | Variable Rate - Swapped | Maximum    
Debt Instrument [Line Items]    
Interest rate, stated percentage 5.67% 5.67%
Maturity Date 2026-06  
Core Portfolio | Unsecured Debt    
Debt Instrument [Line Items]    
Long-term debt, gross   $ 383
Core Portfolio | Unsecured Debt | Variable Rate Unsecured Term Loans - Swapped    
Debt Instrument [Line Items]    
Interest rate, stated percentage   1.25%
Maturity Date 2023-03  
Long-term debt, gross $ 350,000 $ 349,617
Core Portfolio | Unsecured Debt | Variable Rate Unsecured Term Loans - Swapped | Minimum    
Debt Instrument [Line Items]    
Interest rate, stated percentage 2.49% 2.54%
Core Portfolio | Unsecured Debt | Variable Rate Unsecured Term Loans - Swapped | Maximum    
Debt Instrument [Line Items]    
Interest rate, stated percentage 4.05% 3.59%
Core Portfolio | Line of Credit | Unsecured Line of Credit    
Debt Instrument [Line Items]    
Long-term debt, gross $ 0  
Core Portfolio | Line of Credit | Unsecured Line of Credit | LIBOR    
Debt Instrument [Line Items]    
Basis spread on variable rate 1.35% 1.40%
Core Portfolio | Line of Credit | Unsecured Line of Credit - Swapped    
Debt Instrument [Line Items]    
Maturity Date 2022-03  
Long-term debt, gross $ 9,000  
Core Portfolio | Line of Credit | Unsecured Line of Credit - Swapped | LIBOR | Minimum    
Debt Instrument [Line Items]    
Interest rate, stated percentage 4.15%  
Core Portfolio | Line of Credit | Unsecured Line of Credit - Swapped | LIBOR | Maximum    
Debt Instrument [Line Items]    
Interest rate, stated percentage 5.02%  
Fund Portfolio | Mortgages | LIBOR    
Debt Instrument [Line Items]    
Basis spread on variable rate 1.64%  
Fixed Rate    
Debt Instrument [Line Items]    
Long-term debt, gross $ 1,173,129 $ 1,001,658
Variable Rate    
Debt Instrument [Line Items]    
Long-term debt, gross $ 437,645 558,675
Fund II | Fund Portfolio    
Debt Instrument [Line Items]    
Maturity Date 2020-12  
Long-term debt, gross $ 23,484  
Fund II | Fund Portfolio | Variable Rate Debt | LIBOR    
Debt Instrument [Line Items]    
Basis spread on variable rate 1.39%  
Fund II | Fund Portfolio | Mortgages    
Debt Instrument [Line Items]    
Maturity Date 2022-03  
Long-term debt, gross $ 248,010 224,587
Fund II | Fund Portfolio | Mortgages | Fixed Rate    
Debt Instrument [Line Items]    
Long-term debt, gross $ 205,262 $ 205,262
Fund II | Fund Portfolio | Mortgages | Fixed Rate | Minimum    
Debt Instrument [Line Items]    
Interest rate, stated percentage 1.00% 1.00%
Maturity Date 2020-05  
Fund II | Fund Portfolio | Mortgages | Fixed Rate | Maximum    
Debt Instrument [Line Items]    
Interest rate, stated percentage 4.75% 4.75%
Maturity Date 2042-08  
Fund II | Fund Portfolio | Mortgages | Variable Rate - Swapped    
Debt Instrument [Line Items]    
Interest rate, stated percentage 4.27% 4.27%
Maturity Date 2021-11  
Long-term debt, gross $ 19,264 $ 19,325
Fund II | Fund Portfolio | Mortgages | Variable Rate Debt | LIBOR | Minimum    
Debt Instrument [Line Items]    
Basis spread on variable rate 1.39%  
Fund II | Fund Portfolio | Mortgages | Variable Rate Debt | LIBOR | Maximum    
Debt Instrument [Line Items]    
Basis spread on variable rate 3.00%  
Fund II | Fund Portfolio | Unsecured Debt | Variable Rate Debt | LIBOR    
Debt Instrument [Line Items]    
Basis spread on variable rate 1.65% 1.40%
Fund II | Fund Portfolio | Unsecured Debt | Unsecured Notes Payable    
Debt Instrument [Line Items]    
Long-term debt, gross $ 40,000 $ 40,000
Fund II | Fund Portfolio | Unsecured Debt | Unsecured Notes Payable | LIBOR    
Debt Instrument [Line Items]    
Maturity Date 2020-09  
Fund III | Fund Portfolio    
Debt Instrument [Line Items]    
Maturity Date 2020-07  
Fund III | Fund Portfolio | Variable Rate Debt | LIBOR | Minimum    
Debt Instrument [Line Items]    
Basis spread on variable rate 2.65%  
Fund III | Fund Portfolio | Variable Rate Debt | LIBOR | Maximum    
Debt Instrument [Line Items]    
Basis spread on variable rate 4.65%  
Fund III | Fund Portfolio | Mortgages | Variable Rate Debt    
Debt Instrument [Line Items]    
Long-term debt, gross $ 89,908 $ 90,096
Fund III | Fund Portfolio | Mortgages | Variable Rate Debt | LIBOR | Minimum    
Debt Instrument [Line Items]    
Basis spread on variable rate 2.65%  
Maturity Date 2020-06  
Fund III | Fund Portfolio | Mortgages | Variable Rate Debt | LIBOR | Maximum    
Debt Instrument [Line Items]    
Basis spread on variable rate 4.65% 4.65%
Maturity Date 2021-12  
Fund III | Fund Portfolio | Mortgages | Variable Rate Debt | Prime Rate | Minimum    
Debt Instrument [Line Items]    
Basis spread on variable rate   0.50%
Fund IV | Fund Portfolio    
Debt Instrument [Line Items]    
Maturity Date 2021-02  
Fund IV | Fund Portfolio | LIBOR | Minimum    
Debt Instrument [Line Items]    
Basis spread on variable rate 1.60%  
Fund IV | Fund Portfolio | LIBOR | Maximum    
Debt Instrument [Line Items]    
Basis spread on variable rate 3.95%  
Fund IV | Fund Portfolio | Mortgages    
Debt Instrument [Line Items]    
Long-term debt, gross $ 313,920 $ 313,095
Fund IV | Fund Portfolio | Mortgages | Fixed Rate    
Debt Instrument [Line Items]    
Long-term debt, gross $ 8,188 $ 8,189
Fund IV | Fund Portfolio | Mortgages | Fixed Rate | Minimum    
Debt Instrument [Line Items]    
Interest rate, stated percentage 3.40% 3.40%
Maturity Date 2025-10  
Fund IV | Fund Portfolio | Mortgages | Fixed Rate | Maximum    
Debt Instrument [Line Items]    
Interest rate, stated percentage 4.50% 4.50%
Maturity Date 2026-06  
Fund IV | Fund Portfolio | Mortgages | Variable Rate - Swapped    
Debt Instrument [Line Items]    
Long-term debt, gross $ 73,848 $ 71,841
Fund IV | Fund Portfolio | Mortgages | Variable Rate - Swapped | Minimum    
Debt Instrument [Line Items]    
Maturity Date 2019-05  
Fund IV | Fund Portfolio | Mortgages | Variable Rate - Swapped | Maximum    
Debt Instrument [Line Items]    
Maturity Date 2022-12  
Fund IV | Fund Portfolio | Mortgages | Variable Rate - Swapped | LIBOR | Minimum    
Debt Instrument [Line Items]    
Basis spread on variable rate 3.67% 3.67%
Fund IV | Fund Portfolio | Mortgages | Variable Rate - Swapped | LIBOR | Maximum    
Debt Instrument [Line Items]    
Basis spread on variable rate 4.81% 4.23%
Fund IV | Fund Portfolio | Mortgages | Variable Rate Debt    
Debt Instrument [Line Items]    
Long-term debt, gross $ 231,884 $ 233,065
Fund IV | Fund Portfolio | Mortgages | Variable Rate Debt | LIBOR | Minimum    
Debt Instrument [Line Items]    
Basis spread on variable rate 1.60% 1.70%
Maturity Date 2018-08  
Fund IV | Fund Portfolio | Mortgages | Variable Rate Debt | LIBOR | Maximum    
Debt Instrument [Line Items]    
Basis spread on variable rate 3.95% 3.95%
Maturity Date 2021-08  
Fund IV | Fund Portfolio | Unsecured Debt | Term Loan / Subscription Facility    
Debt Instrument [Line Items]    
Long-term debt, gross $ 40,825 $ 40,825
Fund IV | Fund Portfolio | Unsecured Debt | Term Loan / Subscription Facility | LIBOR | Minimum    
Debt Instrument [Line Items]    
Basis spread on variable rate 1.65% 1.65%
Maturity Date 2018-12  
Fund IV | Fund Portfolio | Unsecured Debt | Term Loan / Subscription Facility | LIBOR | Maximum    
Debt Instrument [Line Items]    
Basis spread on variable rate 2.75% 2.75%
Maturity Date 2019-10  
Fund V | Fund Portfolio | LIBOR | Minimum    
Debt Instrument [Line Items]    
Basis spread on variable rate 2.15%  
Fund V | Fund Portfolio | LIBOR | Maximum    
Debt Instrument [Line Items]    
Basis spread on variable rate 2.25%  
Fund V | Fund Portfolio | Mortgages    
Debt Instrument [Line Items]    
Long-term debt, gross $ 208,406 $ 138,076
Fund V | Fund Portfolio | Mortgages | Variable Rate - Swapped    
Debt Instrument [Line Items]    
Long-term debt, gross $ 156,900 $ 86,570
Fund V | Fund Portfolio | Mortgages | Variable Rate - Swapped | Minimum    
Debt Instrument [Line Items]    
Maturity Date 2021-02  
Fund V | Fund Portfolio | Mortgages | Variable Rate - Swapped | Maximum    
Debt Instrument [Line Items]    
Maturity Date 2021-06  
Fund V | Fund Portfolio | Mortgages | Variable Rate - Swapped | LIBOR | Minimum    
Debt Instrument [Line Items]    
Basis spread on variable rate 4.01% 4.61%
Fund V | Fund Portfolio | Mortgages | Variable Rate - Swapped | LIBOR | Maximum    
Debt Instrument [Line Items]    
Basis spread on variable rate 4.78% 4.78%
Fund V | Fund Portfolio | Mortgages | Variable Rate Debt    
Debt Instrument [Line Items]    
Long-term debt, gross $ 51,506 $ 51,506
Fund V | Fund Portfolio | Mortgages | Variable Rate Debt | LIBOR    
Debt Instrument [Line Items]    
Basis spread on variable rate   2.25%
Fund V | Fund Portfolio | Mortgages | Variable Rate Debt | LIBOR | Minimum    
Debt Instrument [Line Items]    
Basis spread on variable rate 2.15%  
Maturity Date 2020-10  
Fund V | Fund Portfolio | Mortgages | Variable Rate Debt | LIBOR | Maximum    
Debt Instrument [Line Items]    
Basis spread on variable rate 2.25%  
Maturity Date 2021-01  
Fund V | Fund Portfolio | Unsecured Debt | Subscription Line    
Debt Instrument [Line Items]    
Long-term debt, gross $ 50,600 $ 102,800
Fund V | Fund Portfolio | Unsecured Debt | Subscription Line | LIBOR    
Debt Instrument [Line Items]    
Basis spread on variable rate 1.60% 1.60%
Maturity Date 2020-05