Investments In Unconsolidated Joint Ventures (PruRose Port Imperial South 15, L.L.C) (Narrative) (Details) (USD $)
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0 Months Ended | 3 Months Ended | 9 Months Ended | 9 Months Ended | ||
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Jul. 15, 2013
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Sep. 30, 2013
PruRose Port Imperial South 15, L.L.C. [Member]
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Sep. 30, 2013
PruRose Port Imperial South 15, L.L.C. [Member]
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Oct. 23, 2012
PruRose Port Imperial South 15, L.L.C. [Member]
item
sqft
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Sep. 30, 2013
PruRose Port Imperial South 15, L.L.C. [Member]
Prudential-Port [Member]
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Sep. 30, 2013
Refinance Loan [Member]
PruRose Port Imperial South 15, L.L.C. [Member]
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Schedule of Equity Method Investments [Line Items] | ||||||
Percentage of interest in venture | 50.00% | |||||
Number of units | 236 | |||||
Area of property (in square feet) | 214,402 | |||||
Third party ownership percentage | 50.00% | |||||
Percentage of operating return on capital | 9.00% | |||||
Capital balance | $ 33,800,000 | |||||
Accumulated unpaid operating return | 5,100,000 | |||||
Percent of distributions paid to third party after threshold reached | 20.00% | |||||
Threshold of internal rate of return for distributions to third party | 8.00% | |||||
Mortgage loans, carrying amount | 57,000,000 | 57,000,000 | 57,500,000 | |||
Spread over LIBOR | 1.25% | 2.35% | ||||
Mortgage loan, maturity date | August 2013 | September 2020 | ||||
Interest rate | 4.32% | |||||
Management, leasing and other services fees | $ 62,000 | $ 185,000 | ||||
Holding and distribution pattern under operating agreement | In general, the operating agreement of Port Imperial 15 provides that operating cash flows are distributed to members first to Prudential-Port and then to the Company 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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Holding And Distribution Pattern Under Operating Agreement No definition available.
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Management Leasing And Other Services Fees. No definition available.
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Mortgage Loan Maturity Date No definition available.
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Percentage Of Operating Return On Capital No definition available.
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Percent Of Distributions Paid To Third Party After Threshold Reached No definition available.
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Third Party Ownership Percent No definition available.
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Threshold Of Internal Rate Of Return For Distributions To Third Party No definition available.
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Area of a real estate property. No definition available.
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Percentage points added to the reference rate to compute the variable rate on the debt instrument. No definition available.
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Contractual interest rate for funds borrowed, under the 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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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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