Investments In Unconsolidated Joint Ventures (PruRose Riverwalk G, 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 | |
West New York Parcel G Apartments Investors, L.L.C. [Member]
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Schedule of Equity Method Investments [Line Items] | ||
Total project costs | 118,100,000 | |
Percentage of capital event cash flows distributed | 100.00% | |
Internal rate of return | 7.75% | |
Riverwalk G Urban Renewal, L.L.C. [Member]
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Schedule of Equity Method Investments [Line Items] | ||
Percentage of operating return on capital | 7.75% | |
Development management and other services fees | 175,000 | |
Prudential [Member]
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Schedule of Equity Method Investments [Line Items] | ||
Capital balance | 14,700,000 | |
Amount of company's initial distributions to be redirected | 1,300,000 | |
PruRose Riverwalk G, L.L.C. [Member]
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Schedule of Equity Method Investments [Line Items] | ||
Indirect residual ownership percentage | 25.00% | |
Number of stories | 12 | |
Number of units | 316 | |
Percentage of interest in venture | 50.00% | |
Holding and distribution pattern under operating agreement | In general, the operating agreement of Riverwalk G provides that operating cash flows are distributed to members first to Investor and then to PruRose Riverwalk based on a 7.75 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. | |
PruRose Riverwalk G, L.L.C. [Member] | West New York Parcel G Apartments Investors, L.L.C. [Member]
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Schedule of Equity Method Investments [Line Items] | ||
Capital balance | 35,000,000 | |
Accumulated unpaid operating return | 4,500,000 | |
PruRose Riverwalk G's Interest In Riverwalk G Urban Renewal [Member]
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Schedule of Equity Method Investments [Line Items] | ||
Investment ownership percentage | 50.00% | |
Construction Loan [Member] | West New York Parcel G Apartments Investors, L.L.C. [Member]
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Schedule of Equity Method Investments [Line Items] | ||
Maximum borrowing capacity | 83,100,000 | |
Construction Loan [Member] | Riverwalk G Urban Renewal, L.L.C. [Member]
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Schedule of Equity Method Investments [Line Items] | ||
Maximum borrowing capacity | 83,100,000 | |
Amount outstanding | 30,700,000 | |
Interest rate | 6.00% | |
Loan maturity date | Jul. 01, 2021 | |
Period of loan guarantee by company following completion of project | 6 months | |
RiverTrace Project [Member] | West New York Parcel G Apartments Investors, L.L.C. [Member]
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Schedule of Equity Method Investments [Line Items] | ||
Total project costs | 35,000,000 |
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Accumulated Unpaid Operating Return No definition available.
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Amount Of Company's Initial Distributions To Be Redirected 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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Number Of Stories In Real Estate Property No definition available.
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Percentage Of Capital Event Cash Flows Distributed No definition available.
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Percentage Of Operating Return On Capital No definition available.
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Period Of Loan Guarantee By Company Following Completion Of Project No definition available.
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Interest rate stated in the contractual debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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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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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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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