Investments In Unconsolidated Joint Ventures (Mack-Green-Gale LLC/Gramercy Agreement) (Details) (USD $) |
3 Months Ended | 0 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | 0 Months Ended | ||||||||||||||||||||
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Mar. 31, 2009
OPLP [Member]
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Dec. 31, 2007
OPLP [Member]
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Sep. 30, 2010
OPLP [Member]
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May 09, 2006
OPLP [Member]
sqft
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May 09, 2006
OPLP [Member]
Mack-Green [Member]
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Apr. 29, 2009
Gramercy Agreement [Member]
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May 09, 2006
Gramercy Agreement [Member]
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Sep. 30, 2011
Gramercy Agreement [Member]
|
Sep. 30, 2010
Gramercy Agreement [Member]
|
Mar. 31, 2010
Gramercy Agreement [Member]
sqft
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Mar. 31, 2009
Gramercy Agreement [Member]
|
Sep. 30, 2011
Gramercy Agreement [Member]
|
Sep. 30, 2010
Gramercy Agreement [Member]
|
Dec. 17, 2010
Gramercy Agreement [Member]
sqft
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Dec. 31, 2008
Gramercy Agreement [Member]
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May 09, 2006
Mack-Green [Member]
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Apr. 29, 2009
Mack-Green [Member]
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Percentage of interest in venture | 96.00% | 100.00% | 96.00% | 100.00% | ||||||||||||||||||||||
Mortgage loans, carrying amount | $ 276,300,000 | $ 90,300,000 | ||||||||||||||||||||||||
Mortgage finance on property obtained | 11,000,000 | |||||||||||||||||||||||||
Number of properties | 6 | |||||||||||||||||||||||||
Mortgage loan maturity date | May 2016 | May 2009 | ||||||||||||||||||||||||
Area of office property | 3,500,000 | |||||||||||||||||||||||||
Area of office property | 121,314 | 198,376 | ||||||||||||||||||||||||
Spread over LIBOR | 275 | 275 | ||||||||||||||||||||||||
Interest rate cap | 3.15% | |||||||||||||||||||||||||
Venture sale of real estate | 83,500,000 | 13,900,000 | ||||||||||||||||||||||||
Management, leasing and other services fees | 108,000 | 223,000 | 382,000 | 690,000 | ||||||||||||||||||||||
Acquisition cost | 125,000,000 | |||||||||||||||||||||||||
Mortgage loans on real estate bearing weighted average fixed interest rate | 185,000,000 | |||||||||||||||||||||||||
Weighted average fixed interest rate | 6.26% | |||||||||||||||||||||||||
Repayments of debt | 26,800,000 | |||||||||||||||||||||||||
Number of owned office properties | 25 | |||||||||||||||||||||||||
Number of properties sold | 8 | 1 | ||||||||||||||||||||||||
Venture gain (loss) on sale of real estate | (22,300,000) | |||||||||||||||||||||||||
Impairment charge on property | $ 32,300,000 | |||||||||||||||||||||||||
Sharing percent of amount realized | 50.00% | |||||||||||||||||||||||||
Holding and distribution pattern under operating agreement |
The Mack-Green operating agreement generally provided for profits and losses to be allocated as follows:
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- Definition Acquisition Cost
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- Definition Area of Disposed Property in Square Foot
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- Definition Area of Property in Square foot
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- Definition Holding And Distribution Pattern Under Operating Agreement
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- Definition Management Leasing And Other Services Fees.
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- Definition Mortgage Loan Maturity Period
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- Definition Mortgage Loans On Real Estate Bearing Weighted Average Fixed Interest Rate.
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- Definition Number Of Owned Properties
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- Definition Number of Property Sold
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- Definition Percentage Of Sharing Excess Of Allocated Amounts For Each Portfolio Property
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- Definition Spread Over Libor
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- Definition Venture Gain Loss On Sale Of Real Estate
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- Definition Revenue recognized by the venture from the sale of property.
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- Definition Weighted Average Fixed Interest Rate
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- Definition 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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- Definition The charge against earnings in the period to reduce the carrying amount of real property to fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The carrying amount of the outstanding balance due under the mortgage loan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The highest stated interest rate within the mortgage loans included in the loan grouping. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total amount of new mortgage loans on real estate during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The number of real estate properties owned as of the balance sheet date.
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- Definition The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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