Investments In Unconsolidated Joint Ventures (Gale Jefferson, L.L.C.) (Details) (USD $) |
0 Months Ended | 3 Months Ended | 9 Months Ended | |||
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Oct. 24, 2011 |
Aug. 22, 2007
sqft
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Sep. 30, 2011 |
Sep. 30, 2010 |
Sep. 30, 2011 |
Sep. 30, 2010 |
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M-C Jefferson [Member] |
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Percentage of interest in venture | 8.33% | |||||
Gale Jefferson [Member] |
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Mortgage loans, carrying amount | $ 20,200,000 | $ 21,000,000 | $ 21,000,000 | |||
Mortgage loan maturity date | October 24, 2012 | October 24, 2011 | ||||
Area of office property | 100,010 | |||||
Spread over LIBOR | 160 | 160 | ||||
Management leasing and other services fees | 39,000 | 336,000 | 118,000 | 467,500 | ||
Service costs | $ 0 | $ 1,300,000 | $ 0 | $ 5,300,000 | ||
Holding and distribution pattern under operating agreement |
The operating agreement of M-C Jefferson provides, among other things, for the Participation Rights (see Note 15: Noncontrolling Interests in Subsidiaries – Participation Rights). The operating agreements of Gale Jefferson, L.L.C. ("Gale Jefferson"), which is owned 33.33 percent by M-C Jefferson and 66.67 percent by the Hampshire Generational Fund, L.L.C. ("Hampshire") provides, among other things, for the distribution of net cash flow, first, in accordance with its member's respective interests until each member is provided, as a result of such distributions, with an annual 12 percent compound return on the Member's Capital Contributions, as defined in the operating agreement and secondly, 50 percent to each of the Company and Hampshire. |
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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 The aggregate costs related to delivering management, leasing, and other services during the reporting period.
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- Definition Spread Over Libor
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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 carrying amount of the outstanding balance due under the mortgage loan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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