Investments In Unconsolidated Joint Ventures (Portside Master Company, L.L.C.) (Narrative) (Details) (USD $)
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3 Months Ended | |
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Mar. 31, 2013
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Oct. 23, 2012
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Schedule of Equity Method Investments [Line Items] | ||
Maximum borrowing capacity | 600,000,000 | |
PR II Portside Investors, L.L.C. [Member]
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Schedule of Equity Method Investments [Line Items] | ||
Percentage of capital event cash flows distributed | 65.00% | |
Internal rate of return | 12.00% | |
Portside Apartment Holdings, L.L.C. [Member]
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Schedule of Equity Method Investments [Line Items] | ||
Percentage of operating return on capital | 9.00% | |
Development management and other services fees | 42,000 | |
Holding and distribution pattern under operating agreement | In general, the operating agreement of Portside Apartment Holdings provides that operating cash flows are distributed to members first to Prudential Portside and then to Portside Master based on a nine 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. | |
Portside Master Company, L.L.C. [Member]
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Schedule of Equity Method Investments [Line Items] | ||
Indirect residual ownership percentage | 38.25% | |
Investment ownership percentage | 85.00% | |
Percentage of capital event cash flows distributed | 35.00% | |
Portside Master Company's Interest In Portside Apartment Holdings [Member]
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Schedule of Equity Method Investments [Line Items] | ||
Investment ownership percentage | 45.00% | |
Construction Loan [Member] | Portside Apartment Holdings, L.L.C. [Member]
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Schedule of Equity Method Investments [Line Items] | ||
Maximum borrowing capacity | 42,500,000 | |
Amount outstanding | 0 | |
Spread over LIBOR | 2.50% | |
Loan maturity date | Dec. 01, 2015 | |
Number of extension options | 2 | |
Loan extension period | 1 year | |
Percentage of debt guaranteed by the company | 50.00% | |
Percentage of debt guaranteed by the company after project completion | 25.00% | |
Percentage of debt guaranteed by the company after debt service coverage ratio threshold reached | 10.00% | |
Construction Loan Extension Number 1 [Member] | Portside Apartment Holdings, L.L.C. [Member]
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Schedule of Equity Method Investments [Line Items] | ||
Extension fee | 0.125% | |
Construction Loan Extension Number 2 [Member] | Portside Apartment Holdings, L.L.C. [Member]
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Schedule of Equity Method Investments [Line Items] | ||
Extension fee | 0.25% | |
Portside At Pier One Building Seven Property [Member]
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Schedule of Equity Method Investments [Line Items] | ||
Number of units | 176 | |
Total project costs | 66,300,000 | |
Portside At Pier One Building Seven Property [Member] | PR II Portside Investors, L.L.C. [Member]
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Schedule of Equity Method Investments [Line Items] | ||
Total project costs | 23,800,000 | |
Portside At Pier One Building Seven Property [Member] | Construction Loan [Member] | Portside Apartment Holdings, L.L.C. [Member]
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Schedule of Equity Method Investments [Line Items] | ||
Maximum borrowing capacity | 42,500,000 | |
Minimum [Member] | Construction Loan [Member] | Portside Apartment Holdings, L.L.C. [Member]
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Schedule of Equity Method Investments [Line Items] | ||
Threshold of payment guarantee termination, debt service coverage ratio | 1.25 | |
Portside Master Company, L.L.C. [Member] | PR II Portside Investors, L.L.C. [Member]
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Schedule of Equity Method Investments [Line Items] | ||
Capital balance | 6,700,000 | |
Accumulated unpaid operating return | 100,000 |
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Accumulated Unpaid Operating Return No definition available.
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Debt Instrument Extension Fee Percentage No definition available.
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Debt Instrument Extension Period No definition available.
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Debt Instrument, Number Of Extension Options 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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Percentage Of Capital Event Cash Flows Distributed No definition available.
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Percentage Of Debt Guaranteed By Company No definition available.
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Percentage Of Debt Guaranteed By Company After Debt Service Coverage Ratio Threshold Reached No definition available.
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Percentage Of Debt Guaranteed By Company After Project Completion No definition available.
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Percentage Of Operating Return On Capital No definition available.
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Threshold Of Payment Guarantee Termination, Debt Service Coverage Ratio No definition available.
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The percentage points added to the reference rate to compute the variable rate on the debt instrument. No definition available.
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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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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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