Investments In Unconsolidated Joint Ventures (Crystal House Apartments Investors LLC) (Narrative) (Details) (Crystal House Apartments Investors LLC [Member], USD $)
In Millions, unless otherwise specified |
0 Months Ended | 3 Months Ended |
---|---|---|
Mar. 20, 2013
item
|
Mar. 31, 2013
|
|
Schedule of Equity Method Investments [Line Items] | ||
Number of units | 828 | |
Venture property acquisition cost | $ 262.5 | |
Number of units available for development | 295 | |
Number of approved units available for development | 252 | |
Percentage of interest in venture | 25.00% | |
Internal rate of return | 9.00% | |
Mortgage loans, carrying amount | $ 165.0 | |
Interest rate | 3.17% | |
Mortgage loan, maturity date | March 2020 | |
Initial term of interest only payments | 5 years | |
Amortization schedule | 30 years | |
Percentage of interest in developable land | 50.00% | |
Holding and distribution pattern under operating agreement | In general, the operating agreement of CHAI provides that net operating cash flows are distributed to the members in accordance with ownership percentages. Net cash flows from a capital event are distributed first to the members in accordance with ownership percentages until UBS receives a nine percent IRR, as defined, with any excess distributed 50 percent to the Company and 50 percent to UBS. | |
Parent Company [Member]
|
||
Schedule of Equity Method Investments [Line Items] | ||
Percentage of capital event cash flows distributed | 50.00% | |
UBS Global Asset Management [Member]
|
||
Schedule of Equity Method Investments [Line Items] | ||
Percentage of capital event cash flows distributed | 50.00% |
X | ||||||||||
- Definition
Holding And Distribution Pattern Under Operating Agreement No definition available.
|
X | ||||||||||
- Definition
Internal Rate of Return No definition available.
|
X | ||||||||||
- Definition
Mortgage Loan, Initial Term Of Interest Only Payments No definition available.
|
X | ||||||||||
- Definition
Mortgage Loan Maturity Period No definition available.
|
X | ||||||||||
- Definition
Mortgage Loans, Amortization Period No definition available.
|
X | ||||||||||
- Definition
Number Of Approved Units Available For Development No definition available.
|
X | ||||||||||
- Definition
Number Of Units Available For Development No definition available.
|
X | ||||||||||
- Definition
Percentage Of Capital Event Cash Flows Distributed No definition available.
|
X | ||||||||||
- Definition
Percentage Of Interest In Developable Land No definition available.
|
X | ||||||||||
- Definition
Cost of property acquired by the venture. No definition available.
|
X | ||||||||||
- Definition
Interest rate stated in the contractual debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
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
|
X | ||||||||||
- Definition
The carrying amount of the outstanding balance due under the mortgage loan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of units in a real estate property owned as of the balance sheet date. No definition available.
|
X | ||||||||||
- Details
|