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Unsecured Revolving Credit Facility (Narrative) (Details) (USD $)
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9 Months Ended | 0 Months Ended | 9 Months Ended | ||||||
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Sep. 30, 2014
Unsecured Revolving Credit Facility [Member]
item
entity
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Sep. 30, 2014
Unsecured Revolving Credit Facility Extension 1 [Member]
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Sep. 30, 2014
Unsecured Revolving Credit Facility Extension 2 [Member]
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Jul. 15, 2013
Previous Unsecured Revolving Credit Facility [Member]
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Sep. 30, 2014
Money Market Loan [Member]
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Dec. 31, 2013
Money Market Loan [Member]
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Sep. 30, 2014
Minimum [Member]
Unsecured Revolving Credit Facility [Member]
item
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Sep. 30, 2014
Maximum [Member]
Unsecured Revolving Credit Facility [Member]
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Sep. 30, 2014
Maximum [Member]
Money Market Loan [Member]
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| Line of Credit Facility [Line Items] | |||||||||
| Number of lending institutions | 17 | ||||||||
| Borrowing capacity under the credit facility | $ 600,000,000 | $ 600,000,000 | $ 75,000,000 | ||||||
| Expandable borrowing capacity under the credit facility | 1,000,000,000 | ||||||||
| Credit facility maturity date | Jul. 01, 2017 | ||||||||
| Number of extension options | 2 | ||||||||
| Credit facility, extension period | 6 months | ||||||||
| Credit facility extension fee, basis points | 0.075% | 0.075% | 0.25% | ||||||
| Line of credit facility, bid feature, current borrowing capacity | 300,000,000 | ||||||||
| Leverage ratio | 60.00% | ||||||||
| Secured indebtedness | 40.00% | ||||||||
| Fixed charge coverage ratio | 1.5 | ||||||||
| Unsecured indebtedness | 60.00% | ||||||||
| Unencumbered property interest coverage | 2.0 | ||||||||
| Investment limitations as a percentage of total capitalization | 15.00% | ||||||||
| Terms of the unsecured facility | The terms of the unsecured facility include certain restrictions and covenants which limit, among other things the incurrence of additional indebtedness, the incurrence of liens and the disposition of real estate properties (to the extent that: (i) such property dispositions cause the Company to default on any of the financial ratios of the facility described below, or (ii) the property dispositions are completed while the Company is under an event of default under the facility, unless, under certain circumstances, such disposition is being carried out to cure such default), and which require compliance with financial ratios relating to the maximum leverage ratio (60 percent), the maximum amount of secured indebtedness (40 percent), the minimum amount of fixed charge coverage (1.5 times), the maximum amount of unsecured indebtedness (60 percent), the minimum amount of unencumbered property interest coverage (2.0 times) and certain investment limitations (generally 15 percent of total capitalization). | ||||||||
| Terms of dividend restriction | If an event of default has occurred and is continuing, the Company will not make any excess distributions except to enable the Company to continue to qualify as a REIT under the Code. The Company was in compliance with its debt covenants as of September 30, 2014. | ||||||||
| Outstanding borrowings under the facility | $ 0 | $ 0 | |||||||
| Property Debt, Interest Rate, Spread Over LIBOR | 1.25% | ||||||||
| Maturity period of the unsecured borrowing | 30 days | ||||||||