Investments In Unconsolidated Joint Ventures (PruRose Riverwalk G, L.L.C.) (Narrative) (Details) (USD $)
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12 Months Ended | 2 Months Ended | 12 Months Ended | 12 Months Ended | |||||||
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Dec. 31, 2013
West New York Parcel G Apartments Investors, L.L.C. [Member]
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Dec. 31, 2012
Riverwalk G Urban Renewal, L.L.C. [Member]
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Dec. 31, 2013
Riverwalk G Urban Renewal, L.L.C. [Member]
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Dec. 31, 2013
Prudential [Member]
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Dec. 31, 2013
PruRose Riverwalk G, L.L.C. [Member]
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Oct. 23, 2012
PruRose Riverwalk G, L.L.C. [Member]
item
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Dec. 31, 2013
PruRose Riverwalk G, L.L.C. [Member]
West New York Parcel G Apartments Investors, L.L.C. [Member]
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Oct. 23, 2012
PruRose Riverwalk G's Interest In Riverwalk G Urban Renewal [Member]
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Dec. 31, 2013
Construction Loan [Member]
West New York Parcel G Apartments Investors, L.L.C. [Member]
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Dec. 31, 2013
Construction Loan [Member]
Riverwalk G Urban Renewal, L.L.C. [Member]
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Dec. 31, 2013
RiverTrace Project [Member]
West New York Parcel G Apartments Investors, L.L.C. [Member]
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Schedule of Equity Method Investments [Line Items] | |||||||||||
Indirect residual ownership percentage | 25.00% | ||||||||||
Number of stories | 12 | ||||||||||
Number of units | 316 | ||||||||||
Percentage of interest in venture | 50.00% | ||||||||||
Investment ownership percentage | 50.00% | ||||||||||
Total project costs | $ 118,100,000 | $ 35,000,000 | |||||||||
Maximum borrowing capacity | 83,100,000 | 83,100,000 | |||||||||
Percentage of operating return on capital | 7.75% | ||||||||||
Capital balance | 35,000,000 | ||||||||||
Accumulated unpaid operating return | 6,800,000 | ||||||||||
Percentage of capital event cash flows distributed | 100.00% | ||||||||||
Internal rate of return | 7.75% | ||||||||||
Amount of company's initial distributions to be redirected | 1,300,000 | ||||||||||
Amount outstanding | 65,200,000 | ||||||||||
Interest rate | 6.00% | ||||||||||
Loan maturity date | Jul. 01, 2021 | ||||||||||
Amount of debt guaranteed by company | 15,000,000 | ||||||||||
Period of loan guarantee by company following completion of project | 6 months | ||||||||||
Development management and other services fees | $ 133,000 | $ 409,000 | |||||||||
Holding and distribution pattern under operating agreement | In general, the operating agreement of Riverwalk G provides that operating cash flows are distributed to members first to Investor and then to PruRose Riverwalk based on a 7.75 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. As of December 31, 2013, Investor had a capital balance of $35 million and an unpaid operating return of $6.8 million. It is not anticipated that PruRose Riverwalk will be required to fund any capital. | The operating agreement of PruRose Riverwalk provides, among other things, for the distribution of net cash flow to the members in accordance with their ownership percentages. In addition, the operating agreement requires that the initial $1.3 million in distributions to the Company be redirected to Prudential. |
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Accumulated Unpaid Operating Return No definition available.
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Amount Of Company's Initial Distributions To Be Redirected No definition available.
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Amount Of Debt Guaranteed By Company No definition available.
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Development Management And Other Services Fees No definition available.
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Estimated Cost Of Project 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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Internal Rate of Return No definition available.
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Investment Ownership Percentage No definition available.
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Number Of Stories In Real Estate Property No definition available.
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Percentage Of Capital Event Cash Flows Distributed No definition available.
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Percentage Of Operating Return On Capital No definition available.
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Period Of Loan Guarantee By Company Following Completion Of Project No definition available.
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Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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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