Investments In Unconsolidated Joint Ventures (RoseGarden Marbella South, L.L.C.) (Narrative) (Details) (USD $)
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2 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||
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Dec. 31, 2012
PruRose Marbella II, L.L.C. [Member]
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Dec. 31, 2013
PruRose Marbella II, L.L.C. [Member]
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Dec. 31, 2013
RoseGarden Marbella South, L.L.C. [Member]
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Oct. 23, 2012
RoseGarden Marbella South, L.L.C. [Member]
item
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Dec. 31, 2013
RoseGarden Marbella South, L.L.C. [Member]
MG Marbella Partners II, L.L.C [Member]
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Dec. 31, 2013
RoseGarden Marbella South, L.L.C. [Member]
PruRose Marbella II, L.L.C. [Member]
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Dec. 31, 2013
RoseGarden Marbella South, L.L.C. [Member]
Parent Company [Member]
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Oct. 23, 2012
RoseGarden Marbella South's Interest In PruRose Marbella II [Member]
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Dec. 31, 2013
Construction Loan [Member]
PruRose Marbella II, L.L.C. [Member]
item
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Dec. 31, 2013
Construction Loan Extension Number 1 [Member]
PruRose Marbella II, L.L.C. [Member]
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Dec. 31, 2013
Construction Loan Extension Number 2 [Member]
PruRose Marbella II, L.L.C. [Member]
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Schedule of Equity Method Investments [Line Items] | |||||||||||
Indirect residual ownership percentage | 24.27% | ||||||||||
Number of units | 311 | ||||||||||
Percentage of interest in venture | 48.5325% | ||||||||||
Investment ownership percentage | 50.00% | ||||||||||
Percentage of operating return on capital | 9.00% | 9.00% | |||||||||
Capital balance | $ 0 | $ 11,600,000 | $ 3,700,000 | ||||||||
Accumulated unpaid operating return | 600,000 | 100,000 | |||||||||
Maximum borrowing capacity | 77,400,000 | ||||||||||
Amount outstanding | 6,400,000 | ||||||||||
Spread over LIBOR | 2.25% | ||||||||||
Number of extension options | 2 | ||||||||||
Mortgage loan, maturity date | March 2017 | ||||||||||
Loan extension period | 1 year | ||||||||||
Extension fee | 0.25% | 0.25% | |||||||||
Development management and other services fees | $ 11,000 | $ 282,000 | |||||||||
Holding and distribution pattern under operating agreement | In general, the operating agreement of PruRose/Marbella II provides that operating cash flows are distributed to members pro-rata based on a nine percent operating 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. | In general, the operating agreement of RoseGarden South provides that distributable cash from operations is distributed pro-rata based on a nine percent return on each member's unrecovered capital balance with any excess distributed to the members in accordance with their ownership percentages. As of December 31, 2013, the Company had an unrecovered capital balance of $3.7 million with an unpaid return of $0.1 million and MG Marbella II had no unrecovered capital balance. |
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Accumulated Unpaid Operating Return No definition available.
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Debt Instrument Extension Fee Percentage No definition available.
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Debt Instrument Extension Period No definition available.
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Debt Instrument, Number Of Extension Options No definition available.
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Development Management And Other Services Fees No definition available.
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Holding And Distribution Pattern Under Operating Agreement No definition available.
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Indirect Residual Ownership Percentage No definition available.
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Investment Ownership Percentage No definition available.
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Mortgage Loan Maturity Date No definition available.
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Percentage Of Operating Return On Capital No definition available.
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Percentage points added to the reference rate to compute the variable rate on the debt instrument. No definition available.
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The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount borrowed under the credit facility as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The number of units in a real estate property owned as of the balance sheet date. No definition available.
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The amount of ownership interest of different classes of partners in limited partnership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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