Investments In Unconsolidated Joint Ventures (RoseGarden Marbella South, L.L.C.) (Narrative) (Details) (USD $)
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3 Months Ended | |||
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Mar. 31, 2013
PruRose Marbella II, L.L.C. [Member]
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Oct. 23, 2012
RoseGarden Marbella South, L.L.C. [Member]
item
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Mar. 31, 2013
RoseGarden Marbella South, L.L.C. [Member]
PruRose Marbella II, L.L.C. [Member]
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Oct. 23, 2012
RoseGarden Marbella South's Interest In PruRose Marbella II [Member]
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Schedule of Equity Method Investments [Line Items] | ||||
Indirect residual ownership percentage | 24.27% | |||
Number of units | 311 | |||
Percentage of interest in venture | 48.5325% | |||
Investment ownership percentage | 50.00% | |||
Percentage of operating return on capital | 9.00% | |||
Capital balance | $ 3,200,000 | |||
Accumulated unpaid operating return | 200,000 | |||
Development management and other services fees | $ 15,000 | |||
Holding and distribution pattern under operating agreement | In general, the operating agreement of PruRose/Marbella II provides that operating cash flows are distributed to members first to Prudential-Marbella II and then to RoseGarden South 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. |
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Accumulated Unpaid Operating Return No definition available.
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Development Management And Other Services Fees 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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Investment Ownership Percentage No definition available.
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Percentage Of Operating Return On Capital No definition available.
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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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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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