Investments In Unconsolidated Joint Ventures (Summary Of Unconsolidated Joint Ventures) (Details)

v2.4.0.8

Investments In Unconsolidated Joint Ventures (Summary Of Unconsolidated Joint Ventures) (Details) (USD $)						9 Months Ended			9 Months Ended			9 Months Ended			9 Months Ended							0 Months Ended	9 Months Ended					9 Months Ended			9 Months Ended			9 Months Ended			9 Months Ended						9 Months Ended			9 Months Ended			9 Months Ended			9 Months Ended			9 Months Ended			9 Months Ended		9 Months Ended							9 Months Ended			9 Months Ended			9 Months Ended						9 Months Ended					9 Months Ended								9 Months Ended					9 Months Ended															9 Months Ended										9 Months Ended				9 Months Ended			0 Months Ended	9 Months Ended		9 Months Ended		0 Months Ended	9 Months Ended					9 Months Ended													0 Months Ended			0 Months Ended					0 Months Ended			9 Months Ended
	Sep. 30, 2014		Dec. 31, 2013	Sep. 30, 2014 Minimum [Member]	Sep. 30, 2014 Maximum [Member]	Sep. 30, 2014 Marbella RoseGarden, L.L.C. [Member] item		Dec. 31, 2013 Marbella RoseGarden, L.L.C. [Member]	Sep. 30, 2014 RoseGarden Monaco Holdings, L.L.C. [Member] item		Dec. 31, 2013 RoseGarden Monaco Holdings, L.L.C. [Member]	Sep. 30, 2014 Rosewood Lafayette Holdings, L.L.C. [Member] item		Dec. 31, 2013 Rosewood Lafayette Holdings, L.L.C. [Member]	Sep. 30, 2014 PruRose Port Imperial South 15, L.L.C. [Member] item		Sep. 30, 2014 Rosewood Morristown, L.L.C. [Member] item		Dec. 31, 2013 Rosewood Morristown, L.L.C. [Member]	Sep. 30, 2014 Overlook Ridge JV, L.L.C. [Member] item		Aug. 15, 2014 Overlook Ridge JV 2C/3B, L.L.C. [Member]	Sep. 30, 2014 Overlook Ridge JV 2C/3B, L.L.C. [Member] item		Sep. 30, 2014 PruRose Riverwalk G, L.L.C. [Member] item		Dec. 31, 2013 PruRose Riverwalk G, L.L.C. [Member]	Sep. 30, 2014 Elmajo Urban Renewal Associates, L.L.C. [Member] item		Dec. 31, 2013 Elmajo Urban Renewal Associates, L.L.C. [Member]	Sep. 30, 2014 Crystal House Apartments Investors LLC [Member] item		Dec. 31, 2013 Crystal House Apartments Investors LLC [Member]	Sep. 30, 2014 Portside Master Company, L.L.C. [Member] item		Dec. 31, 2013 Portside Master Company, L.L.C. [Member]	Sep. 30, 2014 PruRose Port Imperial South 13, L.L.C. [Member] item		Dec. 31, 2013 PruRose Port Imperial South 13, L.L.C. [Member]	Sep. 30, 2014 Roseland/Port Imperial Partners, L.P. [Member] item		Dec. 31, 2013 Roseland/Port Imperial Partners, L.P. [Member]	Sep. 30, 2014 RoseGarden Marbella South, L.L.C. [Member] item		Dec. 31, 2013 RoseGarden Marbella South, L.L.C. [Member]	Sep. 30, 2014 Estuary Urban Renewal Unit B, LLC [Member] item		Dec. 31, 2013 Estuary Urban Renewal Unit B, LLC [Member]	Sep. 30, 2014 RiverPark At Harrison I, L.L.C. [Member] item		Dec. 31, 2013 RiverPark At Harrison I, L.L.C. [Member]	Sep. 30, 2014 Capitol Place Mezz LLC [Member] item		Dec. 31, 2013 Capitol Place Mezz LLC [Member]	Sep. 30, 2014 Harborside Unit A Urban Renewal, LLC [Member] item		May 21, 2014 Harborside Unit A Urban Renewal, LLC [Member]	Sep. 30, 2014 Harborside Unit A Urban Renewal, LLC [Member] Construction Loan [Member]	Aug. 01, 2014 Harborside Unit A Urban Renewal, LLC [Member] Construction Loan [Member]	Sep. 30, 2014 Harborside Unit A Urban Renewal, LLC [Member] Parent Company [Member]	Sep. 30, 2014 RoseGarden Monaco, L.L.C. [Member] item		Dec. 31, 2013 RoseGarden Monaco, L.L.C. [Member]	Sep. 30, 2014 Grand Jersey Waterfront Urban Renewal Associates, L.L.C. [Member] item		Dec. 31, 2013 Grand Jersey Waterfront Urban Renewal Associates, L.L.C. [Member]	Sep. 30, 2014 Red Bank Corporate Plaza, L.L.C. [Member] sqft		Dec. 31, 2013 Red Bank Corporate Plaza, L.L.C. [Member]	Sep. 30, 2014 12 Vreeland Associates, L.L.C. [Member] sqft		Dec. 31, 2013 12 Vreeland Associates, L.L.C. [Member]	Sep. 30, 2014 BNES Associates III [Member] sqft		Dec. 31, 2013 BNES Associates III [Member]	Sep. 30, 2014 Hillsborough 206 Holdings, L.L.C. [Member] sqft		Dec. 31, 2013 Hillsborough 206 Holdings, L.L.C. [Member]	Sep. 30, 2014 KPG-P 100 IMW JV, LLC [Member] item sqft		Dec. 31, 2013 KPG-P 100 IMW JV, LLC [Member]	Sep. 30, 2014 Keystone-Penn [Member] sqft		Sep. 30, 2014 Keystone-Penn [Member] Principal Balance Due August 27, 2023 [Member]	Sep. 30, 2014 Keystone-Penn [Member] Principal Balance Due August 27, 2016 [Member]	Sep. 30, 2014 Keystone-Penn [Member] Principal Balance Due August 27, 2016 [Member] Minimum [Member]	Sep. 30, 2014 Keystone-Penn [Member] Principal Balance Due August 27, 2016 [Member] Maximum [Member]	Sep. 30, 2014 Keystone-Penn [Member] Principal Balance Due August 27, 2015 [Member]	Sep. 30, 2014 Keystone-Penn [Member] Principal Balance Due July 6, 2044 [Member]	Sep. 30, 2014 Keystone-TriState [Member] sqft property		Sep. 30, 2014 Keystone-TriState [Member] Principal Balance Due July 1, 2017 [Member]	Sep. 30, 2014 Keystone-TriState [Member] Principal Balance Due September 9, 2017 [Member]	Sep. 30, 2014 Keystone-TriState [Member] Principal Balance Due July 6, 2024 [Member]	Sep. 30, 2014 Keystone-TriState [Member] Principal Balance Due July 6, 2044 [Member]	Sep. 30, 2014 Keystone-TriState [Member] Principal Balance Due August 6, 2044 [Member]	Sep. 30, 2014 Keystone-TriState [Member] Keystone Entities [Member]	Sep. 30, 2014 Keystone-TriState [Member] Parent Company [Member]	Sep. 30, 2014 Keystone-Penn And Keystone TriState [Member] Principal Balance Due August 6, 2044 [Member]	Sep. 30, 2014 Keystone-Penn And Keystone TriState [Member] Parent Company [Member]	Sep. 30, 2014 Keystone-Penn And Keystone TriState [Member] Keystone Property Group [Member]	Sep. 30, 2014 KPG-MCG Curtis JV, LLC [Member] sqft		Sep. 30, 2014 KPG-MCG Curtis JV, LLC [Member] Parent Company [Member]	Sep. 30, 2014 KPG-MCG Curtis JV, LLC [Member] Keystone Property Group [Member]	Sep. 30, 2014 Plaza VIII & IX Associates, L.L.C. [Member] sqft		Dec. 31, 2013 Plaza VIII & IX Associates, L.L.C. [Member]	Sep. 30, 2014 Roseland/North Retail, L.L.C. [Member] sqft		Dec. 31, 2013 Roseland/North Retail, L.L.C. [Member]	Sep. 30, 2014 South Pier At Harborside [Member] item		Dec. 31, 2013 South Pier At Harborside [Member]		Sep. 30, 2014 Stamford SM LLC [Member]		Dec. 31, 2013 Stamford SM LLC [Member]	Sep. 30, 2014 Other [Member]		Dec. 31, 2013 Other [Member]	Sep. 30, 2014 The Shops At 40 Park Property [Member] Rosewood Morristown, L.L.C. [Member] sqft	Sep. 30, 2014 Lofts At 40 Park Property [Member] Rosewood Morristown, L.L.C. [Member] item	Sep. 30, 2014 Metropolitan Property [Member] Rosewood Morristown, L.L.C. [Member]	Sep. 30, 2014 Port Imperial North Land [Member] Roseland/Port Imperial Partners, L.P. [Member] item	Sep. 30, 2014 Senior Loans [Member] Quarrystone I Property [Member] Overlook Ridge JV, L.L.C. [Member]	Sep. 30, 2014 Junior Loans [Member] Quarrystone I Property [Member] Rosewood Morristown, L.L.C. [Member]	Sep. 30, 2014 Letter of Credit [Member] Quarrystone I Property [Member] Overlook Ridge JV, L.L.C. [Member]	Sep. 02, 2013 Construction Loan [Member] Overlook Ridge JV 2C/3B, L.L.C. [Member]	Sep. 30, 2014 Construction Loan [Member] Overlook Ridge JV 2C/3B, L.L.C. [Member] item	Sep. 30, 2014 Construction Loan [Member] PruRose Riverwalk G, L.L.C. [Member]	Sep. 30, 2014 Construction Loan [Member] Elmajo Urban Renewal Associates, L.L.C. [Member]	Sep. 30, 2014 Construction Loan [Member] Portside Master Company, L.L.C. [Member] item	Jun. 30, 2013 Construction Loan [Member] PruRose Port Imperial South 13, L.L.C. [Member]	Sep. 30, 2014 Construction Loan [Member] PruRose Port Imperial South 13, L.L.C. [Member]	Sep. 30, 2014 Construction Loan [Member] RoseGarden Marbella South, L.L.C. [Member] item	Sep. 30, 2014 Construction Loan [Member] Estuary Urban Renewal Unit B, LLC [Member]	Sep. 30, 2014 Construction Loan [Member] RiverPark At Harrison I, L.L.C. [Member] item	Sep. 30, 2014 Construction Loan [Member] Capitol Place Mezz LLC [Member]	Sep. 30, 2014 Construction Loan Extension Number 1 [Member] Overlook Ridge JV 2C/3B, L.L.C. [Member]	Sep. 30, 2014 Construction Loan Extension Number 1 [Member] Portside Master Company, L.L.C. [Member]	Sep. 30, 2014 Construction Loan Extension Number 1 [Member] PruRose Port Imperial South 13, L.L.C. [Member]	Sep. 30, 2014 Construction Loan Extension Number 1 [Member] RoseGarden Marbella South, L.L.C. [Member]	Sep. 30, 2014 Construction Loan Extension Number 1 [Member] RiverPark At Harrison I, L.L.C. [Member]	Sep. 30, 2014 Construction Loan Extension Number 2 [Member] Overlook Ridge JV 2C/3B, L.L.C. [Member]	Sep. 30, 2014 Construction Loan Extension Number 2 [Member] Portside Master Company, L.L.C. [Member]	Sep. 30, 2014 Construction Loan Extension Number 2 [Member] PruRose Port Imperial South 13, L.L.C. [Member]	Sep. 30, 2014 Construction Loan Extension Number 2 [Member] RoseGarden Marbella South, L.L.C. [Member]	Sep. 30, 2014 Construction Loan Extension Number 2 [Member] RiverPark At Harrison I, L.L.C. [Member]	Sep. 30, 2014 Mezz Loan [Member] Stamford SM LLC [Member]	Sep. 30, 2014 Hotel [Member] South Pier At Harborside [Member]	Sep. 30, 2014 Multi-Family Properties [Member] item	Aug. 15, 2014 Overlook Ridge Properties [Member]	Sep. 30, 2014 Overlook Ridge Properties [Member] Consolidated Land [Member]	Aug. 15, 2014 Overlook Ridge Properties [Member] Consolidated Land [Member]	Aug. 15, 2014 Overlook Ridge Properties [Member] Consolidated Land [Member] Minimum [Member]	Aug. 15, 2014 Overlook Ridge Properties [Member] Consolidated Land [Member] Maximum [Member]	Aug. 15, 2014 Overlook Ridge Properties [Member] Multi-Family Properties [Member] property	Aug. 15, 2014 Overlook Ridge Properties [Member] Multi-Family Properties [Member] item	Aug. 15, 2014 Overlook Ridge Properties [Member] Multi-Family Properties [Member]	Aug. 15, 2014 LR Overlook Phase III, L.L.C. [Member]	Aug. 15, 2014 Overlook Ridge, L.L.C. [Member]	Sep. 30, 2014 Keystone Portfolio [Member] property	Sep. 30, 2014 Keystone Portfolio [Member] Keystone Entities [Member]	Sep. 30, 2014 Keystone Portfolio [Member] Parent Company [Member]
Schedule of Equity Method Investments [Line Items]
Number of Apartment Units						412	[1]		523	[1]		217	[1]		236	[1]	130	[2],[3]		251	[1],[4]		371	[1],[4]	316	[1]		355	[1]		828	[5]		176	[1]		280	[1]		363	[1],[6]		311			227	[1]		141			377			763	[7]					300			1,000																																																350											59		836																											4,940
Square Feet																																																																			92,878			139,750			106,345			160,000			339,615			1,842,820								1,266,384												885,000	[8]			1,225,000			30,745	[1]												50,973
Company's Effective Ownership %		[9]		7.50%	85.00%	24.27%	[1],[9]		15.00%	[1],[9]		25.00%	[1],[9]		50.00%	[1],[9]	12.50%	[2],[3],[9]		50.00%	[1],[4],[9]		50.00%	[1],[4],[9]	25.00%	[1],[9]		7.50%	[1],[9]		25.00%	[5],[9]		38.25%	[1],[9]		20.00%	[1],[9]		20.00%	[1],[6],[9]		24.27%	[9]		7.50%	[1],[9]		36.00%	[9]		50.00%	[9]		85.00%	[7],[9]					41.67%	[9]		50.00%	[9]		50.00%	[9]		50.00%	[9]		31.25%	[9]		50.00%	[9]		33.33%	[9]			[10]								[11]											50.00%	[8],[9]	50.00%	50.00%	50.00%	[9]		20.00%	[1],[9]		50.00%	[9]			80.00%	[12],[9]
Carrying Value	$ 239,767,000		$ 181,129,000			$ 15,784,000	[1]	$ 15,797,000	$ 2,438,000	[1]	$ 3,201,000	$ 275,000	[1]	$ 857,000			$ 6,127,000	[2],[3]	$ 6,455,000				$ 2,753,000	[1],[4]	$ 1,332,000	[1]	$ 3,117,000			$ 203,000	$ 26,602,000	[5]	$ 26,838,000	$ 2,306,000	[1]	$ 3,207,000	$ 1,402,000	[1]	$ 2,206,000	$ 1,849,000	[1],[6]	$ 2,068,000	$ 9,612,000		$ 7,567,000			$ 24,000	$ 4,556,000		$ 3,655,000	$ 48,682,000		$ 46,628,000	$ 28,080,000	[7]	$ 30,600,000				$ 1,269,000		$ 1,224,000	$ 337,000		$ 337,000	$ 3,880,000		$ 4,046,000	$ 5,680,000		$ 5,514,000	$ 2,026,000		$ 1,753,000	$ 1,962,000		$ 1,962,000	$ 339,000		$ 1,887,000									$ 5,725,000												$ 60,440,000	[8]			$ 3,922,000		$ 3,702,000	$ 1,849,000	[1]	$ 1,930,000		[13]		[13]			$ 36,258,000	$ 540,000	[14]	$ 693,000
Property Debt, Balance	1,607,411,000					95,000,000	[1]		165,000,000	[1]		38,846,000	[1]		57,500,000	[1]	46,217,000	[15],[2],[3]		69,580,000	[1],[16],[4]		47,872,000	[1],[4]	79,053,000	[1]		79,266,000	[1]		165,000,000	[5]		32,693,000	[1]		37,355,000	[1]					19,626,000			30,830,000	[1]		17,446,000			55,414,000															16,054,000			14,124,000			6,907,000						61,500,000			201,606,000	[17]	127,600,000	63,581,000			10,425,000		204,548,000	[18]	41,240,000	70,608,000	14,250,000	63,400,000	15,050,000							[19]									65,974,000	[20]									6,500,000	1,117,000	38,600,000		52,580,000	17,000,000																							47,200,000	61,850,000
Property Debt, Maturity Date						05/01/18	[1]		02/01/21	[1]		07/01/15	[1]		09/01/20	[1]							12/26/15	[1],[4]	07/15/21	[1]		06/27/16	[1]		04/01/20	[5]		12/04/15	[1]		06/27/16	[1]					03/30/17			01/25/17	[1]		06/27/16			07/01/2033			08/01/29	[7]											05/17/16			07/01/23			11/01/23						09/09/16					August 27, 2023	August 27, 2016			August 27, 2015	July 6, 2044			July 1, 2017	September 9, 2017	July 6, 2024					August 6, 2044																							August 2018	September 2015	September 2020		March 2016	March 2016																							August 6, 2014	November 2016
Property Debt, Interest Rate						4.99%	[1]		4.19%	[1]		4.00%	[1]		4.32%	[1]									6.00%	[1],[21]					3.17%	[5]																				4.82%	[22]		5.197%	[23],[7]			5.197%								3.99375%			2.87%			4.76%											5.114%										4.88%	4.93%	4.71%																										3.63%		3.25%						3.0875%					2.79%																6.15%
Property Debt, Interest Rate, LIBOR																							L+2.50	[1],[24],[4]				L+2.10	[1],[25]					L+2.50	[1],[26]		L+2.15	[1],[27]					L+2.25	[28]		L+2.10	[1],[29]		L+2.35	[30]																	L+3.00	[31]											L+7.00	[32]						LIBOR+5.0	LIBOR+5.75	LIBOR+6.0				4.95
Property Debt, Interest Rate, Spread Over LIBOR																							2.50%	[1],[24],[4]				2.10%	[1],[25]					2.50%	[1],[26]		2.15%	[1],[27]					2.25%	[28]		2.10%	[1],[29]		2.35%	[30]																	3.00%	[31]											7.00%	[32]						5.00%	5.75%	6.00%				4.95%																															2.50%			2.00%	0.90%																							0.378%						2.50%	3.50%
Residual ownership interest																																																																																																																										12.50%			20.00%
Indirect ownership interest																																																																																																																											25.00%																																					50.00%
Number of properties in which additional interest was acquired during period																																																																																																																																																														2	2
Number of stories																																																																																																																											5
Note payable																	975,000																																																																																															4,100,000
Additional borrowing capacity																																																																																																																										1,000,000
Cash consideration																						2,970,000																																																																																																																																			16,600,000								600,000	12,990,000
Percentage of interest in developable land																															50.00%																																																																																																																											100.00%	100.00%
Number of extension options																																																																															2																																																			2			2			2		2
Loan extension period																																																																															1 year																																																			1 year		1 year				1 year	1 year	1 year			2 years	1 year				2 years	6 months
Extension fee																																																																																																																																				0.25%					0.25%			0.25%	0.125%	0.25%	0.25%	0.20%	0.25%	0.25%	0.25%	0.25%	0.20%
Maximum borrowing capacity																																																										192,000,000	192,000,000																																																																					17,000,000		55,500,000	83,113,000	91,000,000	42,500,000		73,350,000	77,400,000	57,000,000	23,400,000	100,700,000
Amount outstanding																																																										0																					16,800,000
Notional amount																																																																			13,650,000																																																														1,840,000	52,000,000				1,620,000	69,500,000
Number of units available for development																															295
Number of approved units available for development																															252
Construction reserve																																																																															25,000,000
Internal rate of return																																																												18.00%																																					15.00%	10.00%		10.00%	15.00%																																																															15.00%	10.00%
Bears interest at fixed rate range, minimum																																																																																													5.65%																			6.09%
Bears interest at fixed rate range, maximum																																																																																													6.75%																			6.62%
Maturity																																																										Aug. 01, 2029																																																						Aug. 01, 2020
Letter of credit																																																																																																																4,100,000
Sale price of property, capital balance in properties in which senior pari passu interest is held																																																																																										$ 6,500,000																																																																									$ 7,300,000
Number of properties with senior pari passu interest																																																																																										5																																																																									5
[1] The Company's ownership interests in this venture are subordinate to its partner's preferred capital balance and the Company is not expected to meaningfully participate in the venture's cash flows in the near term. [2] Through the joint venture, the Company also owns a 12.5 percent interest in a 50,973 square feet retail building ("Shops at 40 Park") and a 25 percent interest in a to-be-built 59-unit, five story multi-family rental development property ("Lofts at 40 Park"). [3] The Company's ownership interests in this venture are subordinate to its partner's preferred capital balance and the payment of the outstanding balance remaining on a note ($975 as of September 30, 2014), and is not expected to meaningfully participate in the venture's cash flows in the near term. [4] On August 15, 2014, the Company acquired the equity interests of its joint venture partner in Overlook Ridge JV 2C/3B, L.L.C. for $2.97 million and LR Overlook Phase II, L.L.C., the property-owning entity owned by Overlook Ridge JV, L.L.C., which increased its ownership to 50 percent in two operating multi-family properties. The Company also acquired the equity interests of its joint venture partner in LR Overlook Phase III, L.L.C. and Overlook Ridge, L.L.C. for $0.6 million and $12.99 million respectively, which increased its ownership to 100 percent in developable land (See Note 3: Real Estate Transactions - Acquisitions). [5] The Company also owns a 50 percent interest in a vacant land to accommodate the development of approximately 295 additional units of which 252 are currently approved. [6] The Company also owns a 20 percent residual interest in undeveloped land parcels: parcels 6, I, and J ("Port Imperial North Land") that can accommodate the development of 836 apartment units. [7] See discussion in Recent Transactions following in this footnote. [8] Includes undivided interests in the same manner as investments in noncontrolling partnership, pursuant to ASC 970-323-25-12. See discussion in Recent Transactions following in this footnote. [9] Company's effective ownership % represents the Company's entitlement to residual distributions after payments of priority returns, where applicable. [10] The Company’s equity interests in the joint ventures will be subordinated to Keystone Entities receiving a 15 percent internal rate of return (“IRR”) after which the Company will receive a 10 percent IRR on its subordinate equity and then all profit will be split equally. [11] Includes the Company’s pari-passu interests of $6.5 million in five properties and Company’s subordinated equity interests to Keystone Entities receiving a 15 percent internal rate of return (“IRR”) after which the Company will receive a 10 percent IRR on its subordinate equity and then all profit will be split equally (See Note 3: Real Estate Transactions - Sales). [12] The joint venture collected net proceeds of $47.2 million at maturity, of which the Company received its share of $37.8 million on August 6, 2014. [13] The negative investment balance for this joint venture of $2,582 and $1,706 as of September 30, 2014 and December 31, 2013, respectively, were included in accounts payable, accrued expenses and other liabilities. [14] The Company owns other interests in various unconsolidated joint ventures, including interests in assets previously owned and interest in ventures whose businesses are related to its core operations. These ventures are not expected to significantly impact the Company's operations in the near term. [15] Property debt balance consists of: (i) a loan, collateralized by the Metropolitan at 40 Park, with a balance of $38,600 at September 30, 2014, bears interest at 3.25 percent, matures in September 2020 and is interest only through September 2015; (ii) a loan, collateralized by the Shops at 40 Park, with a balance of $6,500 at September 30, 2014, bears interest at 3.63 percent, matures in August 2018 and is interest-only through July 2015; and (iii) a loan, collateralized by the Lofts at 40 Park, with a balance of $1,117, bears interest at LIBOR plus 250 basis points and matures in September 2015. The Shops at 40 Park mortgage loan also provides for additional borrowing proceeds of $1 million based on certain preferred thresholds being achieved. [16] Property debt balance consists of: (i) the senior loan, collateralized by the Quarrystone property, with a balance of $52,580 at September 30, 2014, bears interest at LIBOR plus 200 basis, matures in March 2016 and (ii) the junior loan, with a balance of $17,000, bears interest at LIBOR plus 90 basis points, matures in March 2016 and is collateralized by a $17,000 letter of credit provided by an affiliate of the partner. [17] Principal balance of $127,600 bears interest at 5.114 percent and matures in August 27, 2023; principal balance of $63,581 bears interest at rates ranging from LIBOR+5.0 percent to LIBOR+5.75 percent and matures in August 27, 2016; principal balance of $10,425 bears interest at LIBOR+6.0 percent matures in August 27, 2015. [18] Principal balance of $41,240 bears interest at 4.95 percent and matures on July 1, 2017; principal balance of $70,608 bears interest at rates ranging from 5.65 percent to 6.75 percent and matures on September 9, 2017; principal balance of $14,250 bears interest at 4.88 percent and matures on July 6, 2024; principal balance of $63,400 bears interest at 4.93 percent and matures on July 6, 2044; principal balance of $15,050 bears interest at 4.71 percent and matures on August 6, 2044. [19] See Note 10: Mortgages, Loans Payable and Other Obligations for debt secured by interests in these assets. [20] Balance includes: (i) mortgage loan, collateralized by the hotel property, with a balance of $61,850, bears interest at 6.15 percent and matures in November 2016, and (ii) loan with a balance of $4.1 million, bears interest at fixed rates ranging from 6.09 percent to 6.62 percent and matures in August 1, 2020. The Company posted a $4.1 million letter of credit in support of this loan, half of which is indemnified by the partner. [21] The construction loan has a maximum borrowing amount of $83,113. [22] The construction/permanent loan has a maximum borrowing amount of $100,700 with amortization starting in August 2017. [23] The construction/permanent loan has a maximum borrowing amount of $192,000. [24] The construction loan has a maximum borrowing amount of $55,500 and provides, subject to certain conditions, two one-year extension options with a fee of 25 basis points each. The joint venture has a swap agreement that fixes the all-in rate to 3.0875 percent per annum on an initial notional amount of $1,840, increasing to $52,000, for the period from September 3, 2013 to November 2, 2015. [25] The construction loan has a maximum borrowing amount of $91,000 and provides, subject to certain conditions, a one-year extension option with a fee of 25 basis points. [26] The construction loan has a maximum borrowing amount of $42,500 and provides, subject to certain conditions, two two-year extension options with a fee of 12.5 basis points for the first two-year extension and 25 basis points for the second two-year extension. [27] The construction loan has a maximum borrowing amount of $73,350 and provides, subject to certain conditions, one-year extension option followed by a six-month extension option with a fee of 25 basis points each. The joint venture has a swap agreement that fixes the all-in rate to 2.79 percent per annum on an initial notional amount of $1,620, increasing to $69,500 for the period from July 1, 2013 to January 1, 2016. [28] The construction loan has a maximum borrowing amount of $77,400 and provides, subject to certain conditions, two one-year extension options with a fee of 25 basis points for each year. [29] The construction loan has a maximum borrowing amount of $57,000 and provides, subject to certain conditions, a one-year extension option with a fee of 25 basis points. [30] The construction loan has a maximum borrowing amount of $23,400 and provides, subject to certain conditions, two one-year extension options with a fee of 20 basis points for each year. [31] The joint venture has a swap agreement that fixes the all-in rate to 3.99375 percent per annum on an initial notional amount of $13,650 and then adjusting in accordance with an amortization schedule, which is effective from October 17, 2011 through loan maturity. [32] The mortgage loan has two one-year extension options, subject to certain conditions, and includes a $25 million construction reserve with a balance of $16.8 million at September 30, 2014.