Investments In Unconsolidated Joint Ventures (Rosewood Morristown, L.L.C.) (Narrative) (Details) (USD $)
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12 Months Ended | 2 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | |||||||||
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Dec. 31, 2013
Morristown Epsteins, L.L.C. [Member]
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Oct. 23, 2012
Morristown Epsteins, L.L.C. [Member]
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Dec. 31, 2012
Epsteins B Rentals, L.L.C. [Member]
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Dec. 31, 2013
Epsteins B Rentals, L.L.C. [Member]
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Oct. 23, 2012
Prudential [Member]
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Dec. 31, 2013
Rosewood Morristown, L.L.C. [Member]
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Oct. 23, 2012
Rosewood Morristown, L.L.C. [Member]
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Dec. 31, 2013
Rosewood Morristown, L.L.C. [Member]
Prudential [Member]
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Oct. 23, 2012
Rosewood Morristown's Interest In Morristown Epsteins [Member]
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Oct. 23, 2012
40 Park Condominium Property [Member]
Morristown Epsteins, L.L.C. [Member]
item
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Dec. 31, 2013
40 Park Condominium Property [Member]
PR II/Morristown Prudential, L.L.C. [Member]
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Oct. 23, 2012
Lofts At 40 Park Property [Member]
Morristown Epsteins, L.L.C. [Member]
item
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Dec. 31, 2013
Metropolitan Property [Member]
Morristown Epsteins, L.L.C. [Member]
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Oct. 23, 2012
Metropolitan Property [Member]
Morristown Epsteins, L.L.C. [Member]
item
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Dec. 31, 2013
The Shops At 40 Park Property [Member]
Morristown Epsteins, L.L.C. [Member]
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Oct. 23, 2012
The Shops At 40 Park Property [Member]
Morristown Epsteins, L.L.C. [Member]
sqft
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Schedule of Equity Method Investments [Line Items] | ||||||||||||||||
Percentage of interest in venture | 50.00% | |||||||||||||||
Investment ownership percentage | 50.00% | 50.00% | ||||||||||||||
Third party ownership percentage | 50.00% | 79.00% | ||||||||||||||
Number of units | 76 | 59 | 130 | |||||||||||||
Number of unsold units | 3 | |||||||||||||||
Area of property (in square feet) | 50,973 | |||||||||||||||
Interest rate | 8.00% | 3.25% | 3.63% | |||||||||||||
Preferred rate of return | 8.00% | |||||||||||||||
Note payable | $ 975,000 | |||||||||||||||
Adjusted capital balance | 3,200,000 | |||||||||||||||
Interest in net sales proceeds | 15.00% | |||||||||||||||
Percentage of operating return on capital | 9.00% | |||||||||||||||
Capital balance | 700,000 | 20,300,000 | ||||||||||||||
Mortgage loans, carrying amount | 1,100,000 | 48,500,000 | 38,600,000 | 6,500,000 | ||||||||||||
Spread over LIBOR | 2.50% | 2.75% | ||||||||||||||
Mortgage loan, maturity date | September 2014 | August 14, 2013 | September 2020 | August 2018 | ||||||||||||
Additional borrowing capacity | 1,000,000 | |||||||||||||||
Management, leasing and other services fees | $ 36,000 | $ 180,000 | ||||||||||||||
Holding and distribution pattern under operating agreement | The operating agreement of Morristown provides, among other things, for the distribution of net available cash to the members, as follows:to pay accrued and unpaid interest at a rate of eight percent on the balance note, as defined;to Rosewood in an amount equal to its current year's annual preferred return rate of eight percent on its adjusted capital, as defined;to pay the outstanding balance remaining on the balance note, which was $975,000 as of December 31, 2013;to Rosewood in an amount equal to its adjusted capital balance, which was $3.2 million as of December 31, 2013; andto the members in accordance with their ownership percentages. | In general, the operating agreement of Epsteins provides that operating cash flows are distributed to members first to Prudential and then to Rosewood based on a nine percent return on each members' capital balance in priorities as detailed in the operating agreement. Excess operating cash flows are distributed to the members in accordance with their ownership percentages. | The operating agreement of Rosewood provides, among other things, for the distribution of net cash flow to the members in accordance with their ownership percentages. |