Investments In Unconsolidated Joint Ventures (Crystal House Apartments Investors LLC) (Narrative) (Details) (Crystal House Apartments Investors LLC [Member], USD $)
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0 Months Ended | 3 Months Ended | 6 Months Ended |
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Mar. 20, 2013
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Jun. 30, 2013
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Jun. 30, 2013
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Schedule of Equity Method Investments [Line Items] | |||
Number of units | 828 | ||
Venture property acquisition cost | $ 262,500,000 | ||
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 | 165,000,000 | 165,000,000 | |
Interest rate | 3.17% | 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% | ||
Management, leasing and other services fees | $ 119,000 | $ 119,000 | |
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 they receive a nine percent IRR, as defined, with any excess distributed 50 percent to the Company and 50 percent to UBS. | ||
Parent Company [Member]
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Schedule of Equity Method Investments [Line Items] | |||
Percentage of capital event cash flows distributed | 50.00% | ||
UBS Global Asset Management [Member]
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Schedule of Equity Method Investments [Line Items] | |||
Percentage of capital event cash flows distributed | 50.00% |
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Holding And Distribution Pattern Under Operating Agreement No definition available.
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Internal Rate of Return No definition available.
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Management Leasing And Other Services Fees. No definition available.
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Mortgage Loan, Initial Term Of Interest Only Payments No definition available.
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Mortgage Loan Maturity Date No definition available.
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Mortgage Loans, Amortization Period No definition available.
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Number Of Approved Units Available For Development No definition available.
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Number Of Units Available For Development No definition available.
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Percentage Of Capital Event Cash Flows Distributed No definition available.
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Percentage Of Interest In Developable Land No definition available.
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Cost of property acquired by the venture. 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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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 carrying amount of the outstanding balance due under the mortgage loan. 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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- Details
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