Secured Notes Payable (Schedule Of Secured Notes Payable) (Details) (USD $) | 3 Months Ended | |
Mar. 31, 2014 | Dec. 31, 2013 |
Debt Instrument [Line Items] | ' | | ' | |
Weighted average remaining life of outstanding term debt | '4 years 6 months | | ' | |
Total future principal payments | $3,220,640,000 | [1] | $3,241,140,000 | [1] |
Debt at fixed interest rate | 2,970,000,000 | | ' | |
Weighted average remaining life of interest rate swaps and fixed rate debt (in years) | '4 years 9 months | | ' | |
Weighted average interest rate for fixed & effectively fixed rate debt | 4.05% | | ' | |
Effective weighted average interest rate for fixed & effectively fixed rate debt | 4.18% | | ' | |
Fixed Interest Rate Loan [Member] | ' | | ' | |
Debt Instrument [Line Items] | ' | | ' | |
Weighted average life of fixed interest rate on effectively fixed & fixed rate debt | '3 years 1 month | | ' | |
Effective Fixed Rate Loans [Member] | ' | | ' | |
Debt Instrument [Line Items] | ' | | ' | |
Total future principal payments | 1,828,080,000 | | 1,828,080,000 | |
Effective Annual Fixed Interest Rate | 3.98% | [2] | ' | |
Fixed Rate Loans [Member] | ' | | ' | |
Debt Instrument [Line Items] | ' | | ' | |
Total future principal payments | 1,145,000,000 | | 1,145,000,000 | |
Effective Annual Fixed Interest Rate | 4.15% | [2] | ' | |
Variable Rate Loans [Member] | ' | | ' | |
Debt Instrument [Line Items] | ' | | ' | |
Total future principal payments | 247,560,000 | | 268,060,000 | |
Fannie Mae Loan With Interest Rate At 0.707% BPS Over DMBS [Member] | ' | | ' | |
Debt Instrument [Line Items] | ' | | ' | |
Maturity Date | 1-Feb-15 | [3] | ' | |
Total future principal payments | 111,920,000 | [3] | 111,920,000 | [3] |
Variable Interest Rate | 'DMBS + 0.707% | [3] | ' | |
DEG III term loan debt with maturity date of 3/1/16 [Member] [Member] | ' | | ' | |
Debt Instrument [Line Items] | ' | | ' | |
Maturity Date | 1-Mar-16 | [4] | ' | |
Total future principal payments | 16,140,000 | [4] | 16,140,000 | [4] |
Variable Interest Rate | 'LIBOR + 1.60% | [4] | ' | |
Term Loan With Maturity Date 3/1/2016 [Member] | ' | | ' | |
Debt Instrument [Line Items] | ' | | ' | |
Maturity Date | 1-Mar-16 | | ' | |
Total future principal payments | 82,000,000 | | 82,000,000 | |
Variable Interest Rate | 'LIBOR + 0.62% | | ' | |
Term Loan With Maturity Date 6/1/2017 [Member] | ' | | ' | |
Debt Instrument [Line Items] | ' | | ' | |
Maturity Date | 1-Jun-17 | | ' | |
Total future principal payments | 18,000,000 | | 18,000,000 | |
Variable Interest Rate | 'LIBOR + 0.62% | | ' | |
Term Loan With Maturity Date 10/2/2017 [Member] | ' | | ' | |
Debt Instrument [Line Items] | ' | | ' | |
Maturity Date | 2-Oct-17 | | ' | |
Total future principal payments | 400,000,000 | | 400,000,000 | |
Variable Interest Rate | 'LIBOR + 2.00% | | ' | |
Derivative, Fixed Interest Rate | 4.45% | [2] | ' | |
Swap Maturity Date | 1-Jul-15 | | ' | |
Term Loan With Maturity Date 4/2/2018 [Member] | ' | | ' | |
Debt Instrument [Line Items] | ' | | ' | |
Maturity Date | 2-Apr-18 | | ' | |
Total future principal payments | 510,000,000 | | 510,000,000 | |
Variable Interest Rate | 'LIBOR + 2.00% | | ' | |
Derivative, Fixed Interest Rate | 4.12% | [2] | ' | |
Swap Maturity Date | 1-Apr-16 | | ' | |
Term Loan With Maturity Date 8/1/2018 [Member] | ' | | ' | |
Debt Instrument [Line Items] | ' | | ' | |
Maturity Date | 1-Aug-18 | | ' | |
Total future principal payments | 530,000,000 | | 530,000,000 | |
Variable Interest Rate | 'LIBOR + 1.70% | | ' | |
Derivative, Fixed Interest Rate | 3.74% | [2] | ' | |
Swap Maturity Date | 1-Aug-16 | | ' | |
Term Loan With Maturity Date 8/5/2018 [Member] | ' | | ' | |
Debt Instrument [Line Items] | ' | | ' | |
Maturity Date | 5-Aug-18 | [5] | ' | |
Total future principal payments | 355,000,000 | [5] | 355,000,000 | [5] |
Long-term Debt, Fixed Interest Rate | 4.14% | [2],[5] | ' | |
Debt instrument period of monthly interest-only payments end date | 5-Feb-16 | | ' | |
Amortization period, (in years) | 30 | | ' | |
Term Loan With Maturity Date 2/1/2019 [Member] | ' | | ' | |
Debt Instrument [Line Items] | ' | | ' | |
Maturity Date | 1-Feb-19 | [6] | ' | |
Total future principal payments | 155,000,000 | [6] | 155,000,000 | [6] |
Long-term Debt, Fixed Interest Rate | 4.00% | [2],[6] | ' | |
Debt instrument period of monthly interest-only payments end date | 1-Feb-15 | | ' | |
Amortization period, (in years) | 30 | | ' | |
Term Loan With Maturity Date 6/5/2019 [Member] | ' | | ' | |
Debt Instrument [Line Items] | ' | | ' | |
Maturity Date | 5-Jun-19 | [7] | ' | |
Total future principal payments | 285,000,000 | [7] | 285,000,000 | [7] |
Long-term Debt, Fixed Interest Rate | 3.85% | [2],[7] | ' | |
Debt instrument period of monthly interest-only payments end date | 5-Feb-17 | | ' | |
Amortization period, (in years) | 30 | | ' | |
Term Loan With Maturity Date 3/1/2020 [Member] | ' | | ' | |
Debt Instrument [Line Items] | ' | | ' | |
Maturity Date | 1-Mar-20 | [8] | ' | |
Total future principal payments | 350,000,000 | | 350,000,000 | |
Long-term Debt, Fixed Interest Rate | 4.46% | [2],[9] | ' | |
Debt instrument period of monthly interest-only payments end date | 1-Mar-14 | | ' | |
Amortization period, (in years) | 30 | | ' | |
Number Of One-Year Extension Options Available | 2 | | ' | |
Debt instrument period of fixed interest end date | 1-Mar-18 | | ' | |
Term Loan With Maturity Date 11/2/2020 [Member] | ' | | ' | |
Debt Instrument [Line Items] | ' | | ' | |
Maturity Date | 2-Nov-20 | | ' | |
Total future principal payments | 388,080,000 | | 388,080,000 | |
Variable Interest Rate | 'LIBOR + 1.65% | | ' | |
Derivative, Fixed Interest Rate | 3.65% | [2] | ' | |
Swap Maturity Date | 1-Nov-17 | | ' | |
Revolving Credit Facility With Maturity Date 12/11/17 [Member] | ' | | ' | |
Debt Instrument [Line Items] | ' | | ' | |
Revolving credit line | 19,500,000 | [10] | 40,000,000 | [10] |
Maturity Date | 11-Dec-17 | [10] | ' | |
Variable Interest Rate | 'LIBOR + 1.40% | [10] | ' | |
Line of Credit Facility, Maximum Borrowing Capacity | 300,000,000 | | ' | |
Line of Credit Facility, Collateral | '3 separate collateral pools consisting of a total of 6 properties | | ' | |
Fannie Mae Loan With Interest Rate At 0.76% Over DMBS [Member] | ' | | ' | |
Debt Instrument [Line Items] | ' | | ' | |
Secured loan amount | 75,000,000 | | ' | |
Variable Interest Rate | 'DMBS + 0.76% | | ' | |
Fannie Mae Loan With Interest Rate At 0.60% Over DMBS [Member] | ' | | ' | |
Debt Instrument [Line Items] | ' | | ' | |
Secured loan amount | $36,900,000 | | ' | |
Variable Interest Rate | 'DMBS + 0.60% | | ' | |
outstanding principal is greater than $100,000,000 [Member] | Revolving Credit Facility With Maturity Date 12/11/17 [Member] | ' | | ' | |
Debt Instrument [Line Items] | ' | | ' | |
Unused commitment fees | 0.15% | | ' | |
outstanding principal is less than $100,000,000 [Member] | Revolving Credit Facility With Maturity Date 12/11/17 [Member] | ' | | ' | |
Debt Instrument [Line Items] | ' | | ' | |
Unused commitment fees | 0.20% | | ' | |
|
[1] | See Note 10 for our fair value disclosures. |
[2] | Includes the effect of interest rate contracts as of MarchB 31, 2014, and excludes amortization of prepaid loan fees, all shown on an actual/360-day basis. |
[3] | The loan has a $75.0B million tranche bearing interest at DMBS + 0.76%, and a $36.9B million tranche bearing interest at DMBS + 0.60%. |
[4] | The borrower is a consolidated entity in which our operating partnership owns a two-thirds interest. |
[5] | Interest-only until February 2016, with principal amortization thereafter based upon a thirty-year amortization schedule. |
[6] | Interest-only until February 2015, with principal amortization thereafter based upon a thirty-year amortization schedule. |
[7] | Interest only until February 2017, with principal amortization thereafter based upon a thirty-year amortization schedule. |
[8] | We have two one-year extension options which could extend the maturity to MarchB 1, 2020 from MarchB 1, 2018, subject to meeting certain conditions. |
[9] | nterest is fixed until MarchB 1, 2018, and is floating thereafter, with interest-only payments until March 2014, and principal amortization thereafter based upon a thirty-year amortization schedule. |
[10] | $300.0 million revolving credit facility secured by 3 separate collateral pools consisting of a total of 6 properties. Unused commitment fees range from 0.15% to 0.20%. |