Investments In Unconsolidated Joint Ventures (Summary Of Unconsolidated Joint Ventures) (Details) (USD $) | 9 Months Ended | 12 Months Ended | | 9 Months Ended | | 9 Months Ended | | 9 Months Ended | | 9 Months Ended | | | | 0 Months Ended | 9 Months Ended | | 9 Months Ended | | 9 Months Ended | | 9 Months Ended | | 9 Months Ended | | | | 9 Months Ended | | 9 Months Ended | | 9 Months Ended | | 9 Months Ended | | 9 Months Ended | | 0 Months Ended | | | 9 Months Ended | | 9 Months Ended | | | | 9 Months Ended | | 9 Months Ended | | 9 Months Ended | | | | 9 Months Ended | | | 9 Months Ended | | 9 Months Ended | | | | | 9 Months Ended | | 9 Months Ended | | | | | 9 Months Ended | | 9 Months Ended | | 0 Months Ended | 9 Months Ended | | 9 Months Ended | 0 Months Ended | 9 Months Ended | | 9 Months Ended | 0 Months Ended | | 0 Months Ended |
Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Aug. 15, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | 21-May-14 | Aug. 01, 2014 | Sep. 30, 2014 | Aug. 01, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 02, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Jun. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Aug. 15, 2014 | Aug. 15, 2014 | Aug. 15, 2014 | Aug. 15, 2014 | Aug. 15, 2014 | Aug. 15, 2014 | Aug. 15, 2014 | Aug. 15, 2014 |
item | Minimum [Member] | Maximum [Member] | Multi-Family Properties [Member] | Marbella RoseGarden, L.L.C. [Member] | Marbella RoseGarden, L.L.C. [Member] | RoseGarden Monaco Holdings, L.L.C. [Member] | RoseGarden Monaco Holdings, L.L.C. [Member] | Rosewood Lafayette Holdings, L.L.C. [Member] | Rosewood Lafayette Holdings, L.L.C. [Member] | PruRose Port Imperial South 15, L.L.C. [Member] | Rosewood Morristown, L.L.C. [Member] | Rosewood Morristown, L.L.C. [Member] | Overlook Ridge JV, L.L.C. [Member] | Overlook Ridge JV 2C/3B, L.L.C. [Member] | Overlook Ridge JV 2C/3B, L.L.C. [Member] | PruRose Riverwalk G, L.L.C. [Member] | PruRose Riverwalk G, L.L.C. [Member] | Elmajo Urban Renewal Associates, LLC [Member] | Elmajo Urban Renewal Associates, LLC [Member] | Crystal House Apartments Investors LLC [Member] | Crystal House Apartments Investors LLC [Member] | Portside Master Company, L.L.C. [Member] | Portside Master Company, L.L.C. [Member] | PruRose Port Imperial South 13, L.L.C. [Member] | PruRose Port Imperial South 13, L.L.C. [Member] | Roseland/Port Imperial Partners, L.P. [Member] | Roseland/Port Imperial Partners, L.P. [Member] | RoseGarden Marbella South, L.L.C. [Member] | RoseGarden Marbella South, L.L.C. [Member] | Estuary Urban Renewal Unit B, LLC [Member | Estuary Urban Renewal Unit B, LLC [Member | Riverpark At Harrison I, L.L.C. [Member] | Riverpark At Harrison I, L.L.C. [Member] | Capitol Place Mezz LLC [Member] | Capitol Place Mezz LLC [Member] | Harborside Unit A Urban Renewal, LLC [Member] | Harborside Unit A Urban Renewal, LLC [Member] | Harborside Unit A Urban Renewal, LLC [Member] | Harborside Unit A Urban Renewal, LLC [Member] | Harborside Unit A Urban Renewal, LLC [Member] | Harborside Unit A Urban Renewal, LLC [Member] | Harborside Unit A Urban Renewal, LLC [Member] | RoseGarden Monaco, L.L.C. [Member] | RoseGarden Monaco, L.L.C. [Member] | Grand Jersey Waterfront Urban Renewal Associates, L.L.C. [Member] | Grand Jersey Waterfront Urban Renewal Associates, L.L.C. [Member] | Red Bank Corporate Plaza, L.L.C. [Member] | Red Bank Corporate Plaza, L.L.C. [Member] | 12 Vreeland Associates, L.L.C. [Member] | 12 Vreeland Associates, L.L.C. [Member] | BNES Associates III [Member] | BNES Associates III [Member] | Hillsborough 206 Holdings, L.L.C. [Member] | Hillsborough 206 Holdings, L.L.C. [Member] | KPG-P 100 IMW JV, LLC [Member] | KPG-P 100 IMW JV, LLC [Member] | Keystone-Penn [Member] | Keystone-Penn [Member] | Keystone-Penn [Member] | Keystone-Penn [Member] | Keystone-Penn [Member] | Keystone-Penn [Member] | Keystone-TriState [Member] | Keystone-TriState [Member] | Keystone-TriState [Member] | Keystone-TriState [Member] | Keystone-TriState [Member] | Keystone-TriState [Member] | Keystone-TriState [Member] | Keystone-TriState [Member] | Keystone-Penn And Keystone-TriState [Member] | Keystone-Penn And Keystone-TriState [Member] | KPG-MCG Curtis JV, LLC [Member] | KPG-MCG Curtis JV, LLC [Member] | Curtis Center TIC I And II LLC [Member] | Plaza VIII & IX Associates, L.L.C. [Member] | Plaza VIII & IX Associates, L.L.C. [Member] | Roseland/North Retail, L.L.C. [Member] | Roseland/North Retail, L.L.C. [Member] | South Pier At Harborside [Member] | South Pier At Harborside [Member] | South Pier At Harborside [Member] | Stamford SM LLC [Member] | Stamford SM LLC [Member] | Other [Member] | Other [Member] | The Shops At 40 Park Property [Member] | Lofts At 40 Park Property [Member] | Metropolitan Property [Member] | Port Imperial North Land [Member] | Senior Loans [Member] | Junior Loans [Member] | Letter of Credit [Member] | Construction Loan [Member] | Construction Loan [Member] | Construction Loan [Member] | Construction Loan [Member] | Construction Loan [Member] | Construction Loan [Member] | Construction Loan [Member] | Construction Loan [Member] | Construction Loan [Member] | Construction Loan [Member] | Construction Loan [Member] | Construction Loan Extension Number 1 [Member] | Construction Loan Extension Number 1 [Member] | Construction Loan Extension Number 1 [Member] | Construction Loan Extension Number 1 [Member] | Construction Loan Extension Number 1 [Member] | Construction Loan Extension Number 2 [Member] | Construction Loan Extension Number 2 [Member] | Construction Loan Extension Number 2 [Member] | Construction Loan Extension Number 2 [Member] | Construction Loan Extension Number 2 [Member] | Construction Loan Extension Number 2 [Member] | Mezz Loan [Member] | Mezz Loan [Member] | Overlook Ridge Properties [Member] | Overlook Ridge Properties [Member] | Overlook Ridge Properties [Member] | Overlook Ridge Properties [Member] | Overlook Ridge Properties [Member] | Overlook Ridge Properties [Member] | LR Overlook Phase III, L.L.C. [Member] | Overlook Ridge, L.L.C. [Member] |
| | | item | item | | item | | item | | item | item | | item | | item | item | | item | | item | | item | | item | | item | | item | | item | | item | | item | | item | | Construction Loan [Member] | Construction Loan [Member] | Construction Loan [Member] | Parent Company [Member] | Keystone Property Group [Member] | item | | item | | sqft | | sqft | | sqft | | sqft | | item | | sqft | Principal Balance Due August 27, 2023 [Member] | Principal Balance Due August 27, 2016 [Member] | Principal Balance Due August 27, 2016 [Member] | Principal Balance Due August 27, 2016 [Member] | Principal Balance Due August 27, 2015 [Member] | property | Principal Balance Due July 1, 2017 [Member] | Principal Balance Due September 9th, 2017 [Member] | Principal Balance Due July 6, 2024 [Member] | Principal Balance Due July 6, 2044 [Member] | Principal Balance Due August 6, 2044 [Member] | Parent Company [Member] | Keystone Property Group [Member] | Parent Company [Member] | Keystone Property Group [Member] | sqft | Parent Company [Member] | | sqft | | sqft | | room | | Hotel [Member] | | | | | Rosewood Morristown, L.L.C. [Member] | Rosewood Morristown, L.L.C. [Member] | Rosewood Morristown, L.L.C. [Member] | Roseland/Port Imperial Partners, L.P. [Member] | Quarrystone I Property [Member] | Quarrystone I Property [Member] | Quarrystone I Property [Member] | Overlook Ridge JV 2C/3B, L.L.C. [Member] | Overlook Ridge JV 2C/3B, L.L.C. [Member] | PruRose Riverwalk G, L.L.C. [Member] | Elmajo Urban Renewal Associates, LLC [Member] | Portside Master Company, L.L.C. [Member] | PruRose Port Imperial South 13, L.L.C. [Member] | PruRose Port Imperial South 13, L.L.C. [Member] | RoseGarden Marbella South, L.L.C. [Member] | Estuary Urban Renewal Unit B, LLC [Member | Riverpark At Harrison I, L.L.C. [Member] | Capitol Place Mezz LLC [Member] | Overlook Ridge JV 2C/3B, L.L.C. [Member] | Portside Master Company, L.L.C. [Member] | PruRose Port Imperial South 13, L.L.C. [Member] | RoseGarden Marbella South, L.L.C. [Member] | Riverpark At Harrison I, L.L.C. [Member] | | Overlook Ridge JV 2C/3B, L.L.C. [Member] | Portside Master Company, L.L.C. [Member] | PruRose Port Imperial South 13, L.L.C. [Member] | RoseGarden Marbella South, L.L.C. [Member] | Riverpark At Harrison I, L.L.C. [Member] | Stamford SM LLC [Member] | Stamford SM LLC [Member] | | Multi-Family Properties [Member] | Multi-Family Properties [Member] | Consolidated Land [Member] | Consolidated Land [Member] | Consolidated Land [Member] | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | sqft | | | | | Minimum [Member] | Maximum [Member] | | sqft | | | | | | | | | | | | | | | | | | | | | | | | sqft | item | | item | Overlook Ridge JV, L.L.C. [Member] | Overlook Ridge JV, L.L.C. [Member] | Overlook Ridge JV, L.L.C. [Member] | | item | | | item | | | item | | item | | | | | | | | | | | | | | Parent Company [Member] | | property | | | Minimum [Member] | Maximum [Member] | | |
Schedule of Equity Method Investments [Line Items] | ' | | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | | ' | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of Apartment Units | ' | | ' | ' | ' | 4,940 | 412 | [1] | ' | 523 | [1] | ' | 217 | [1] | ' | 236 | [1] | 130 | [2],[3] | ' | 251 | [1],[4] | ' | 371 | [1],[4] | 316 | [1] | ' | 355 | [1] | ' | 828 | [5] | ' | 176 | [1] | ' | 280 | [1] | ' | 363 | [1],[6] | ' | 311 | | ' | 227 | [1] | ' | 141 | | ' | 377 | | ' | 763 | [7] | ' | ' | ' | ' | ' | ' | 300 | | ' | 1,000 | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | | ' | ' | ' | | ' | ' | | ' | 350 | | ' | | ' | ' | | ' | ' | | ' | ' | 59 | ' | 836 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Square Feet | ' | | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | | ' | ' | | ' | 92,878 | | ' | 139,750 | | ' | 106,345 | | ' | 160,000 | | ' | 339,615 | | ' | 1,842,820 | | ' | ' | ' | ' | ' | 1,266,384 | | ' | ' | ' | ' | ' | ' | ' | ' | ' | 885,000 | [8] | ' | ' | 1,225,000 | | ' | 30,745 | [1] | ' | ' | | ' | | ' | ' | | ' | ' | | ' | 50,973 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Company's Effective Ownership % | ' | [9] | ' | 7.50% | 85.00% | ' | 24.27% | [1],[9] | ' | 15.00% | [1],[9] | ' | 25.00% | [1],[9] | ' | 50.00% | [1],[9] | 12.50% | [2],[3],[9] | ' | 50.00% | [1],[4],[9] | ' | 50.00% | [1],[4],[9] | 25.00% | [1],[9] | ' | 7.50% | [1],[9] | ' | 25.00% | [5],[9] | ' | 38.25% | [1],[9] | ' | 20.00% | [1],[9] | ' | 20.00% | [1],[6],[9] | ' | 24.27% | [9] | ' | 7.50% | [1],[9] | ' | 36.00% | [9] | ' | 50.00% | [9] | ' | 85.00% | [7],[9] | ' | ' | ' | ' | ' | 50.00% | 41.67% | [9] | ' | 50.00% | [9] | ' | 50.00% | [9] | ' | 50.00% | [9] | ' | 31.25% | [9] | ' | 50.00% | [9] | ' | 33.33% | [9] | ' | ' | [10],[9] | ' | ' | ' | ' | ' | ' | [11] | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | [8],[9] | 50.00% | ' | 50.00% | [9] | ' | 20.00% | [1],[9] | ' | 50.00% | [9] | ' | | ' | 80.00% | [12],[9] | ' | ' | | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Company's Carrying Amount | $239,767,000 | | $181,129,000 | ' | ' | ' | $15,784,000 | [1] | $15,797,000 | $2,438,000 | [1] | $3,201,000 | $275,000 | [1] | $857,000 | ' | | $6,127,000 | [2],[3] | $6,455,000 | ' | | ' | $2,753,000 | [1],[4] | $1,332,000 | [1] | $3,117,000 | ' | | $203,000 | $26,602,000 | [5] | $26,838,000 | $2,306,000 | [1] | $3,207,000 | $1,402,000 | [1] | $2,206,000 | $1,849,000 | [1],[6] | $2,068,000 | $9,612,000 | | $7,567,000 | ' | | $24,000 | $4,556,000 | | $3,655,000 | $48,682,000 | | $46,628,000 | $28,080,000 | [7] | $30,600,000 | ' | ' | ' | ' | ' | $1,269,000 | | $1,224,000 | $337,000 | | $337,000 | $3,880,000 | | $4,046,000 | $5,680,000 | | $5,514,000 | $2,026,000 | | $1,753,000 | $1,962,000 | | $1,962,000 | $339,000 | | $1,887,000 | ' | | ' | ' | ' | ' | ' | $5,725,000 | | ' | ' | ' | ' | ' | ' | ' | ' | ' | $60,440,000 | [8] | ' | $60,440,000 | $3,922,000 | | $3,702,000 | $1,849,000 | [1] | $1,930,000 | ' | [13] | ' | [13] | ' | ' | | $36,258,000 | $540,000 | [14] | $693,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Property Debt, Balance | 1,607,411,000 | | ' | ' | ' | ' | 95,000,000 | [1] | ' | 165,000,000 | [1] | ' | 38,846,000 | [1] | ' | 57,500,000 | [1] | 46,217,000 | [15],[2],[3] | ' | 69,580,000 | [1],[16],[4] | ' | 47,872,000 | [1],[4] | 79,053,000 | [1] | ' | 79,266,000 | [1] | ' | 165,000,000 | [5] | ' | 32,693,000 | [1] | ' | 37,355,000 | [1] | ' | ' | | ' | 19,626,000 | | ' | 30,830,000 | [1] | ' | 17,446,000 | | ' | 55,414,000 | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | | ' | ' | | ' | 16,054,000 | | ' | 14,124,000 | | ' | 6,907,000 | | ' | ' | | ' | 61,500,000 | | ' | 201,606,000 | | 127,600,000 | 63,581,000 | ' | ' | 10,425,000 | 204,548,000 | | 41,240,000 | 70,608,000 | 14,250,000 | 63,400,000 | 15,050,000 | ' | ' | ' | ' | ' | [17] | ' | ' | ' | | ' | ' | | ' | 65,974,000 | | ' | | 61,850,000 | ' | | ' | ' | | ' | 6,500,000 | 1,117,000 | 38,600,000 | ' | 52,580,000 | 17,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Property Debt, Maturity Date | ' | | ' | ' | ' | ' | '05/01/18 | [1] | ' | '02/01/21 | [1] | ' | '07/01/15 | [1] | ' | '09/01/20 | [1] | ' | | ' | ' | | ' | '12/26/15 | [1],[4] | '07/15/21 | [1] | ' | '06/27/16 | [1] | ' | '04/01/20 | [5] | ' | '12/04/15 | [1] | ' | '06/27/16 | [1] | ' | ' | | ' | '03/30/17 | | ' | '01/25/17 | [1] | ' | '06/27/16 | | ' | '07/01/2033 | | ' | '08/01/29 | [7] | ' | ' | ' | ' | ' | ' | '- | | ' | ' | | ' | '05/17/16 | | ' | '07/01/23 | | ' | '11/01/23 | | ' | ' | | ' | '09/09/16 | | ' | ' | | 'August 27, 2023 | 'August 27, 2016 | ' | ' | 'August 27, 2015 | ' | | 'July 1, 2017 | 'September 9, 2017 | 'July 6, 2024 | 'July 6, 2044 | 'August 6, 2044 | ' | ' | ' | ' | ' | | ' | ' | ' | | ' | ' | | ' | 'August 1, 2020 | | ' | | 'November 2016 | ' | | ' | ' | | ' | 'August 2018 | 'September 2015 | 'September 2020 | ' | 'March 2016 | 'March 2016 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Property Debt, Interest Rate | ' | [17],[18] | ' | ' | ' | ' | 4.99% | [1] | ' | 4.19% | [1] | ' | 4.00% | [1] | ' | 4.32% | [1] | ' | | ' | ' | | ' | ' | | 6.00% | [1],[19] | ' | ' | | ' | 3.17% | [5] | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | 4.82% | [20] | ' | 5.20% | [21],[7] | ' | ' | ' | 5.20% | ' | ' | ' | | ' | ' | | ' | 3.99% | | ' | 2.87% | | ' | 4.76% | | ' | ' | | ' | ' | | ' | ' | | 5.11% | ' | ' | ' | ' | ' | [22] | ' | ' | 4.88% | 4.93% | 4.71% | ' | ' | ' | ' | ' | | ' | ' | ' | | ' | ' | | ' | ' | [23] | ' | | 6.15% | ' | | ' | ' | | ' | 3.63% | ' | 3.25% | ' | ' | ' | ' | ' | 3.09% | ' | ' | ' | ' | 2.79% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Property Debt, Interest Rate, LIBOR | ' | | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | 'L+2.50 | [1],[24],[4] | ' | | ' | 'L+2.10 | [1],[25] | ' | ' | | ' | 'L+2.50 | [1],[26] | ' | 'L+2.15 | [1],[27] | ' | ' | | ' | 'L+2.25 | [28] | ' | 'L+2.10 | [1],[29] | ' | 'L+2.35 | [30] | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | '- | | ' | ' | | ' | 'L+3.00 | [31] | ' | ' | | ' | ' | | ' | ' | | ' | 'L+7.00 | [32] | ' | ' | | ' | ' | 'LIBOR+5.0 | 'LIBOR+5.75 | 'LIBOR+6.0 | ' | | '4.95 | ' | ' | ' | ' | ' | ' | ' | ' | ' | | ' | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Property Debt, Interest Rate, Spread Over LIBOR | ' | | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | 2.50% | [1],[24],[4] | ' | | ' | 2.10% | [1],[25] | ' | ' | | ' | 2.50% | [1],[26] | ' | 2.15% | [1],[27] | ' | ' | | ' | 2.25% | [28] | ' | 2.10% | [1],[29] | ' | 2.35% | [30] | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | | ' | ' | | ' | 3.00% | [31] | ' | ' | | ' | ' | | ' | ' | | ' | 7.00% | [32] | ' | ' | | ' | ' | 5.00% | 5.75% | 6.00% | ' | | 4.95% | ' | ' | ' | ' | ' | ' | ' | ' | ' | | ' | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | ' | 2.50% | ' | ' | 2.00% | 0.90% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.50% | 3.50% | ' | ' |
Residual ownership interest | ' | | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | | ' | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | 12.50% | ' | ' | 20.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Indirect ownership interest | ' | | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | | ' | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | ' | 25.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | ' | ' | ' | ' | ' |
Number of properties in which additional interest was acquired during period | ' | | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | | ' | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 | ' | ' | ' | ' | ' | ' |
Number of stories | ' | | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | | ' | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | ' | 5 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Note payable | ' | | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | 975,000 | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | | ' | ' | ' | | ' | ' | | ' | 4,100,000 | | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Additional borrowing capacity | ' | | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | | ' | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | ' | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash consideration | ' | | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | 2,970,000 | ' | | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | | ' | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 16,600,000 | ' | ' | ' | ' | ' | 600,000 | 12,990,000 |
Number of extension options | 3 | | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | 2 | | ' | ' | | ' | ' | ' | ' | ' | ' | | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | | ' | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 | ' | ' | 2 | ' | ' | 2 | ' | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loan extension period | ' | | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | '1 year | | ' | ' | | ' | ' | ' | ' | ' | ' | | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | | ' | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | ' | ' | '1 year | ' | '1 year | '2 years | ' | ' | '1 year | '1 year | '1 year | ' | ' | ' | '1 year | ' | ' | '2 years | ' | '2 years | '6 months | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Extension fee | ' | | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | | ' | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.25% | ' | ' | ' | ' | 0.25% | ' | ' | 0.25% | 0.13% | 0.25% | 0.25% | 0.20% | ' | 0.25% | 0.25% | 0.25% | 0.25% | 0.20% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Maximum borrowing capacity | ' | | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | 192,000,000 | 192,000,000 | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | | ' | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | 17,000,000 | ' | 55,500,000 | 83,113,000 | 91,000,000 | 42,500,000 | ' | 73,350,000 | 77,400,000 | 57,000,000 | 23,400,000 | 100,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Outstanding borrowings under the facility | ' | | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | 16,800,000 | | ' | ' | | ' | ' | ' | ' | ' | ' | | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | | ' | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Notional amount | ' | | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | | ' | ' | | ' | 13,650,000 | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | | ' | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | ' | 1,840,000 | 52,000,000 | ' | ' | ' | 1,620,000 | 69,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of interest in developable land | ' | | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | 50.00% | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | | ' | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' |
Number of units available for development | ' | | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | 295 | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | | ' | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of approved units available for development | ' | | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | 252 | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | | ' | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Construction reserve | ' | | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | 25,000,000 | | ' | ' | | ' | ' | ' | ' | ' | ' | | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | | ' | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Internal rate of return | ' | | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | 18.00% | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | | ' | ' | ' | ' | ' | 10.00% | 15.00% | 15.00% | 10.00% | ' | | ' | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Bears interest at fixed rate range, minimum | ' | | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | | ' | 5.65% | ' | ' | ' | ' | ' | ' | ' | ' | | ' | ' | ' | | ' | ' | | ' | 6.09% | | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Bears interest at fixed rate range, maximum | ' | | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | | ' | 6.75% | ' | ' | ' | ' | ' | ' | ' | ' | | ' | ' | ' | | ' | ' | | ' | 6.62% | | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Maturity date of the Senior Unsecured Notes | ' | | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | 1-Aug-29 | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | | ' | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Letter of credit | ' | | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | | ' | ' | ' | | ' | ' | | ' | 4,100,000 | | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sales proceeds | 319,239,000 | | 390,600,000 | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | | ' | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 47,200,000 | 37,800,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Sale price of property, capital balance in properties in which senior pari passu interest is held | ' | | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | $6,500,000 | | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | | ' | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of properties with senior pari passu interest | ' | | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | 5 | | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | | ' | ' | ' | | ' | ' | | ' | ' | | ' | | ' | ' | | ' | ' | | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
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[1] | The Company's ownership interests in this venture are subordinate to its partner's preferred capital balance and the Company is not expected to meaningfully participate in the venture's cash flows in the near term. |
[2] | Through the joint venture, the Company also owns a 12.5 percent interest in a 50,973 square feet retail building ("Shops at 40 Park") and a 25 percent interest in a to-be-built 59-unit, five story multi-family rental development property ("Lofts at 40 Park"). |
[3] | The Company's ownership interests in this venture are subordinate to its partner's preferred capital balance and the payment of the outstanding balance remaining on a note ($975 as of September 30, 2014), and is not expected to meaningfully participate in the venture's cash flows in the near term. |
[4] | On August 15, 2014, the Company acquired the equity interests of its joint venture partner in Overlook Ridge JV 2C/3B, L.L.C. for $2.97 million and LR Overlook Phase II, L.L.C., the property-owning entity owned by Overlook Ridge JV, L.L.C., which increased its ownership to 50 percent in two operating multi-family properties. The Company also acquired the equity interests of its joint venture partner in LR Overlook Phase III, L.L.C. and Overlook Ridge, L.L.C. for $0.6 million and $12.99 million respectively, which increased its ownership to 100 percent in developable land (See Note 3: Real Estate Transactions - Acquisitions). |
[5] | The Company also owns a 50 percent interest in a vacant land to accommodate the development of approximately 295 additional units of which 252 are currently approved. |
[6] | The Company also owns a 20 percent residual interest in undeveloped land parcels: parcels 6, I, and J ("Port Imperial North Land") that can accommodate the development of 836 apartment units. |
[7] | See discussion in Recent Transactions following in this footnote. |
[8] | Includes undivided interests in the same manner as investments in noncontrolling partnership, pursuant to ASC 970-323-25-12. See discussion in Recent Transactions following in this footnote. |
[9] | Company's effective ownership % represents the Company's entitlement to residual distributions after payments of priority returns, where applicable. |
[10] | The Companybs equity interests in the joint ventures will be subordinated to Keystone Entities receiving a 15 percent internal rate of return (bIRRb) after which the Company will receive a 10 percent IRR on its subordinate equity and then all profit will be split equally. |
[11] | Includes the Companybs pari-passu interests of $6.5 million in five properties and Companybs subordinated equity interests to Keystone Entities receiving a 15 percent internal rate of return (bIRRb) after which the Company will receive a 10 percent IRR on its subordinate equity and then all profit will be split equally (See Note 3: Real Estate Transactions - Sales). |
[12] | The joint venture collected net proceeds of $47.2 million at maturity, of which the Company received its share of $37.8 million on August 6, 2014. |
[13] | The negative investment balance for this joint venture of $2,582 and $1,706 as of September 30, 2014 and December 31, 2013, respectively, were included in accounts payable, accrued expenses and other liabilities. |
[14] | The Company owns other interests in various unconsolidated joint ventures, including interests in assets previously owned and interest in ventures whose businesses are related to its core operations. These ventures are not expected to significantly impact the Company's operations in the near term. |
[15] | Property debt balance consists of: (i) a loan, collateralized by the Metropolitan at 40 Park, with a balance of $38,600 at September 30, 2014, bears interest at 3.25 percent, matures in September 2020 and is interest only through September 2015; (ii) a loan, collateralized by the Shops at 40 Park, with a balance of $6,500 at September 30, 2014, bears interest at 3.63 percent, matures in August 2018 and is interest-only through July 2015; and (iii) a loan, collateralized by the Lofts at 40 Park, with a balance of $1,117, bears interest at LIBOR plus 250 basis points and matures in September 2015. The Shops at 40 Park mortgage loan also provides for additional borrowing proceeds of $1 million based on certain preferred thresholds being achieved. |
[16] | Property debt balance consists of: (i) the senior loan, collateralized by the Quarrystone property, with a balance of $52,580 at September 30, 2014, bears interest at LIBOR plus 200 basis, matures in March 2016 and (ii) the junior loan, with a balance of $17,000, bears interest at LIBOR plus 90 basis points, matures in March 2016 and is collateralized by a $17,000 letter of credit provided by an affiliate of the partner. |
[17] | See Note 10: Mortgages, Loans Payable and Other Obligations for debt secured by interests in these assets. |
[18] | Principal balance of $127,600 bears interest at 5.114 percent and matures in August 27, 2023; principal balance of $63,581 bears interest at rates ranging from LIBOR+5.0 percent to LIBOR+5.75 percent and matures in August 27, 2016; principal balance of $10,425 bears interest at LIBOR+6.0 percent matures in AugustB 27, 2015. |
[19] | The construction loan has a maximum borrowing amount of $83,113. |
[20] | The construction/permanent loan has a maximum borrowing amount of $100,700 with amortization starting in August 2017. |
[21] | The construction/permanent loan has a maximum borrowing amount of $192,000. |
[22] | Principal balance of $41,240 bears interest at 4.95 percent and matures on July 1, 2017; principal balance of $70,608 bears interest at rates ranging from 5.65 percent to 6.75 percent and matures on September 9, 2017; principal balance of $14,250 bears interest at 4.88 percent and matures on July 6, 2024; principal balance of $63,400 bears interest at 4.93 percent and matures on July 6, 2044; principal balance of $15,050 bears interest at 4.71 percent and matures on August 6, 2044. |
[23] | Balance includes: (i) mortgage loan, collateralized by the hotel property, with a balance of $61,850, bears interest at 6.15 percent and matures in November 2016, and (ii) loan with a balance of $4.1 million, bears interest at fixed rates ranging from 6.09 percent to 6.62 percent and matures in August 1, 2020. The Company posted a $4.1 million letter of credit in support of this loan, half of which is indemnified by the partner. |
[24] | The construction loan has a maximum borrowing amount of $55,500 and provides, subject to certain conditions, two one-year extension options with a fee of 25 basis points each. The joint venture has a swap agreement that fixes the all-in rate to 3.0875 percent per annum on an initial notional amount of $1,840, increasing to $52,000, for the period from September 3, 2013 to November 2, 2015. |
[25] | The construction loan has a maximum borrowing amount of $91,000 and provides, subject to certain conditions, a one-year extension option with a fee of 25 basis points. |
[26] | The construction loan has a maximum borrowing amount of $42,500 and provides, subject to certain conditions, two two-year extension options with a fee of 12.5 basis points for the first two-year extension and 25 basis points for the second two-year extension. |
[27] | The construction loan has a maximum borrowing amount of $73,350 and provides, subject to certain conditions, one-year extension option followed by a six-month extension option with a fee of 25 basis points each. The joint venture has a swap agreement that fixes the all-in rate to 2.79 percent per annum on an initial notional amount of $1,620, increasing to $69,500 for the period from July 1, 2013 to January 1, 2016. |
[28] | The construction loan has a maximum borrowing amount of $77,400 and provides, subject to certain conditions, two one-year extension options with a fee of 25 basis points for each year. |
[29] | The construction loan has a maximum borrowing amount of $57,000 and provides, subject to certain conditions, a one-year extension option with a fee of 25 basis points. |
[30] | The construction loan has a maximum borrowing amount of $23,400 and provides, subject to certain conditions, two one-year extension options with a fee of 20 basis points for each year. |
[31] | The joint venture has a swap agreement that fixes the all-in rate to 3.99375 percent per annum on an initial notional amount of $13,650 and then adjusting in accordance with an amortization schedule, which is effective from October 17, 2011 through loan maturity. |
[32] | The mortgage loan has two one-year extension options, subject to certain conditions, and includes a $25 million construction reserve with a balance of $16.8 million at September 30, 2014. |