Investments In Unconsolidated Joint Ventures (ELMAJO Urban Renewal Associates, L.L.C./Estuary Urban Renewal Unit B, LLC) (Narrative) (Details) (USD $)
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6 Months Ended | 3 Months Ended | 6 Months Ended | 6 Months Ended | |||||||||
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Jul. 15, 2013
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Jun. 30, 2013
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Jun. 30, 2013
Elmajo Urban Renewal Associates, L.L.C. [Member]
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Oct. 23, 2012
Elmajo Urban Renewal Associates, L.L.C. [Member]
property
item
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Jun. 30, 2013
Elmajo Urban Renewal Associates, LLC And Estuary Urban Renewal Associates, LLC [Member]
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Jun. 30, 2013
Elmajo Urban Renewal Associates, LLC And Estuary Urban Renewal Associates, LLC [Member]
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Jun. 30, 2013
Elmajo Urban Renewal Associates, LLC And Estuary Urban Renewal Associates, LLC [Member]
ELMAJO Management, Inc. And Estuary Urban Renewal Unit B, LLC [Member]
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Oct. 23, 2012
Lincoln Harbor Project, Building A [Member]
Elmajo Urban Renewal Associates, L.L.C. [Member]
item
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Oct. 23, 2012
Lincoln Harbor Project, Building C [Member]
Elmajo Urban Renewal Associates, L.L.C. [Member]
item
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Jan. 31, 2013
Lincoln Harbor Project, Building B [Member]
item
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Jun. 30, 2013
Lincoln Harbor Project [Member]
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Jun. 30, 2013
Lincoln Harbor Project [Member]
Elmajo Urban Renewal Associates, L.L.C. [Member]
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Jun. 30, 2013
Construction Loan [Member]
Lincoln Harbor Project Buildings A And C [Member]
ELMAJO Management, Inc. [Member]
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Schedule of Equity Method Investments [Line Items] | |||||||||||||
Residual ownership interest | 7.50% | ||||||||||||
Number of properties | 3 | ||||||||||||
Number of units | 582 | 181 | 174 | 227 | |||||||||
Total project costs | $ 218,300,000 | ||||||||||||
Percentage return on unrecovered capital | 8.50% | ||||||||||||
Capital balance | 68,600,000 | ||||||||||||
Accumulated unpaid operating return | 11,800,000 | ||||||||||||
Maximum borrowing capacity | 600,000,000 | 600,000,000 | 95,000,000 | ||||||||||
Amount outstanding | 26,400,000 | ||||||||||||
Spread over LIBOR | 1.25% | 2.10% | |||||||||||
Loan maturity date | Jun. 01, 2016 | ||||||||||||
Loan extension period | 1 year | ||||||||||||
Extension fee | 0.25% | ||||||||||||
Development management and other services fees | 240,000 | 480,000 | |||||||||||
Funding requirements | $ 0 | ||||||||||||
Holding and distribution pattern under operating agreement | The operating agreements of ELMAJO Urban Renewal Associates, LLC ("ELMAJO UR"), the entity which owns the Lincoln Harbor Project, Building A and C, and Estuary UR, the entity that owns the Lincoln Harbor Project Building B, provides, among other things, for the distribution of net distributable cash to the members, as follows:First, to the members to the extent of and in proportion to their respective preferred return of 8.50 percent on the member's unrecovered capital; andSecond, to the members in accordance with their ownership percentages. |